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THE 

COMMERCIAL  AND  FINANCIAL 


MH0>^i€ti^,^ 


AND 


HUNT'S    MERCHANTS'  MAGAZINE, 


A    WEEKLY    NEWSPAPER 

n())redenUug  tl)e  Jndudlrial  anh  (Commercial  Intereetd  ot  tl)e  ttmted  QUxitc, 


VOLUME     JL-X.!., 

•  ■€■■■■■,    ^t-rT,      IRObVaiVB. 


NEW  YORK: 

WILLIAM    B.    DANA    &    CO.,    79    &    81     WILLIAM    STREET, 

1875. 


J 


INDEX 


TO  THE 


HO. 
\ 


TWENTY-FIRST    VOLUME* 

Embracino'   the   Numbers  from   July  to  December,   1876. 


«  ^ 


Pag«. 
Alabanu  *  ChatUnoog*  B«ilroid . .  .^^<  »M-  ^^ , 

AUbuiui  Fliunces 276.  294,  m,  M*;  6»o;  6^ 

Sm  Moneury  and  Commercial  Bnglwh  News. 

Anelo- American  Telezraph  Company 2W,  393 

Arkaniaa  Stale  Financi-8  ^"^'  im 

Arkanaaa  Valley  Railroad  "» 

AahM.    Sm  Prices  Current.  .,  iok 

Atchl»n  Topeka  &  SanU  Fe  RaUroad  .  .^,  OT,  ^^ 

AtUnta  &  Richmond  Air-Linc  J^'J^'^^^J'*'  '^^' 

Atlantic  4  Great  Western  Railroad. . . .'.  W,  W  ^^^^ 

AUanUc  4  Gulf  Raflroad  ......  .......  ■■•  *],5.  ^'^ 

Atlantic  MlaalMlppl  &  Ohio  RaUroad    ■ -^SS, M,  691 
Atlantic  4  Paciflo  Railroad 14, 440,  418,  4!i» 


488,  612 


C. 


546 
7b 


140 
197 


B. 

Baltimore  4  Ohio  Railroad. ...S!l,  871,  487,  Ml,  S91 

Baltimore  4  Potomac  Railroad. ^ 

Bank  Directors' Responsibility.  J^---  y^,---  ■*"' 
Bank  of  Bngland.  Condition  in  Different  \  ears 
(weekly).   8e*  Monetary  and  Commercial  Jkng- 
Usti  Newa.  „     ., 

Bank  of  England  Rate  of  Discount.    See  Mone- 
tary and  Commercisl  English  News. 
Bank  StatemenI,  Boston  (weekly).    5^  Bank- 
ers' Gazette.  , ,  ^      „ 
Bank  SUterocnt,  New  York  city  (weekly).    Ste 

Bankers'  Gazette.  , ,  ^ 

Bank  Statement.  Philadelphia  (weekly).     See 

Bankers'  Gazette. 
Bank  Stock,  Table  and  Prices.    See  Local  Se- 

Bi^ker^Gazettc  (weekly) . . 8. 33,  57,  79, 105,  HI, 
IbS.  180  iOl  224.  a  16,  -2711,  SiW.  .317,  342,  365,  338. 
-  '**■  "*'"  •  ilS,  AX\  459.  48J,  506.  558, 566.  685,  60« 
Banking  System,  Defence  of  the  National.  Ed..  '^'' 
Banks,  National,  and  Ibc  Finance  Bills.  E(t... 
Banks,  National,  Organized  (weekly).  See  Bank- 
ers' Gazette.  .  „  _ . 
Banks,NallonaI,  Report  of  the.  Ed  .  ••••■■■ 
Banka,  National,  Reserve  of  the,  July  1,  1875.. . . 
Banks  Organized,  L<«al  Tenders  Deposited,  &c. 

(table)        "* 

Bleeckeritreet  (N.  Y.  city)  Railrcad  .  .  ...185,  H14 
Bonds  Held  at  Washington  for  Account  of  BankH  365 
Bonds,  Prices  of,  at  Boston,  Philadelphia,  &c, 

(weekly).    Sm  Bankers'  Gazette. 
Bonda.  Prices  of,  at  New  York.    See  Quotation 

Paae  In  Bankers'  Gazette. 
Bonds.  Bute  and  Itailroad,  Market  for,  Prices, 

4c.  (weekly).    See  Bankers"  Gazette. 
Bonds.  I'.  S.    See  Government  Securities. 

BoAiu  .fe  Albany  Railroad 410,  464 

Borton  Bank  Statement  (weekly).    Ste  Bankers' 
Gazette. 

Beaton  BarresOardner Railroad.  ...; 85 

. Boeton  City  Bdnds ..^... 3>3 

BoMon  Hartfonl  4£r^  RailAd 14 

Bo«ton  4  MalnARaiirSd     .^| MS 

Boeton  4  New  York  ATr-LliilM^lroaU.. ;),... 14,  S71 

Boston  &  Providence  RallroadTT.... •»..*.. V S  9 

Boston  Water  Power  Company I....%.511,  59! 

Boulder  Valley  Railroad .■•;■ -ijl-j  *^ 

BixiUtuIlL  Imports  and  Exports  of  the  United 
Ktn^oi^lweekM.  S4e  Monetary  arid  Com- 
ment Eoellsh  lUws. 
Breadstuffii,  Uverfiool  Market  and  Statistics 
(weekly).  St*  MoncWrj-  and  Commercial  Kng- 
ilab  News.  ^ 

BkeadstsSa  Market  and  Statistics  (weekly.)    See 
Coainercial  i'imes.  i 

Breadsloffs  Prolileni.    Ed 681 

BieadstnSs,  llie  Prospect  In,  and  New  York  us 

■  Market.     »(< •..-.  171 

Bceadstaffa.  The  Rise  In.    Ed  75 

Bricka.    Su  Building  Materials. 

British  Board  of  Trade  Returns ....  102,  lai,  198, 

295,886,  603 

British  Interests  In  the  Suez  Canal.    Ed 524 

British  Revenue  Retunu 363 

Brooklyn  Bridge 847 

Brooklyn  Finances 85 

Buffalo  Valley  Railroad 4*8 

Bnlldlni  Materials.    See  Prices  Current. 
Bullion.    See  also  Coin  and  Bullion. 
Buriington  Cedar  Rapids   4  MInncsoti  Rail- 
road  85,877,441   ""• 


Paob. 

Cairo&St.  Louis  RE ^J'  \*l 

Cairo  &  VincenneB  RR "''•  "^ 

California  &  Oregon  RR -••  i?: 

California  Pacific  RR '"^'  »!° 

California  Railroads 'J? 

Canada  Government  Loan ';*' 

CaiiadaSouthern  RR....  ....••••   v-i'"  j' V,' V 

Canal  and  Miscellaneous  Stock  and  Bond  List. 

See  "Investors'  Supplement,"  published  on 

the  last  Saturday  of  each  minth. 
Cement.    See  Building  Mat'Tiala. 

Central  Branch  Union  Pacific        

Centra  Pacific  Land  Grant  Bonds. . . ... . .     . ... 

Central  Pacific  RR 15,224,251 

Central  Railroad  of  Georgia....  ....^....■. -.■■ 

Central  Railroad  of  Iowa 8o,  393.  417,  465,  511 

Central  Railroad  of  New  Jersey ••  «=o? 

Central  Vermont  RR ■^■. ;■■■;, .on 

Charlotte  Columbia  &  Augusta  Railroad 5»u 

Cheese.    S««  Prices  Current. 

Cherokee  RR • °\X 

Chesapeake  &  Ohio  Canal...   .......   ■■•..•.■••    J> 

Chesapeake  »  Ohio  RR. . .  371,  417, 441,  534,  569, 012 

Chicago  Bnrlington  &  Quincy  RR .  ■  •  •  •  ja^ 

Chicago  Citv  Finances , .'  7.,o 

Chicago  Clinton  &  Hubuque  RR .14,  ijJ^ 

Chicago  Danville  &  Vincemies  RR 15i,  185, 

Chicago  Dubuque  &  Minnesota  RR . . . . .  • 

Chicago  &  Illinois  River  RR  .■■••-•■•  'f.  ™' 
Chicago  Milwaukee  &  St.  Paul  RR.  .38,  188,  253, 


612 

136 

,  4S8 

417 


31 

14 
612 

^■..„.«™ ■        ■        ^"' 

Chicago  &NorthwesIern RR ..'.   ....109,  20fi 

Chicago  &  Paducah  RR 8^ 

Chicago  Rook  Island  &  Pacific  RR »3 

Chicago  &  SonthwoBtem  RR .  '"'  i!i. 

Chittenden.  Mr.,  and  Resumption.    Ed s.i 

Cincinnati  City  Bonds ^' 

Cincuinati  City  Southern  RR.  Bonds 511 

Cincinnati  Hamilton  &  Dayton  RR. ...^.. 62 

•Cincinnati  Rockport  &  Southwestern  RR ^.1 

Cincinnati  Sandusky  &  Cleveland  RR. .     .;....  5S)0 
City  Bonds.  Table  and  Prices  of   New  York, 

Brooklyn,  &c.    Ste  Local  Securities. 
dty  Railroad,  Stocks  and  Bonds,  Table  and 

Prices.    See  Local  Securities, 
City  Securities  (monthly).  S<e  "  Investors  Sup- 
plement." 

Clearing  House  Report.    Ed •,;''* 

Cleveland  Columbus  Cinciuuati  4  Indianapolis 

HR      63,  2d3 

Clover  Hill  RR.  (Va.) 591 

Coal.    Sc«  Prices  Current 

Coe,  Mr.,  and  the  Greenback  Question.    Ed....  4,o 

Coffee.    See  Prices  Current. 

Coffee.  Consumption  of.    Ed •W* 

Coffee,  The  Trade  in.    Md 53 

Coin  and  Bullion,  Prices  (weekly).    See  Bankers' 

Gazette. 
Coin  and  Bullion.  Prices  of  in  London  (weekly) 
See  Monetary  and  Commercial  English  News. 
Coin  and    Bullion.    Ucccipts    and    Exports   of 
(weekly).    See  Commercial  and  Miscellaneous 
News. 

Colorado  Central  RR 85. 

Columbus  Chicago  ijb  Indiana  Central  RR.. 347, 

511, 
Commercial  Epitome  (weekly).    See  Commercial 

Times. 
Commercial  and  Miscellaneous  News  (weekly), 
6,  31,  51,  77,  KW,  130,  151,  179,  81  0,  223,  244,  26?, 
use,  315,  841,  364,  387,  412,  438, 4.57,  480,  r,05,  527, 

5ti5,  684, 

Commercial  Times  (weekly).  17.  41,  (1.5,  88,  111, 
188,  11)2,  m.  208.  liS2.  254,  279,  3(13,  325,  3.50,  373, 

397,  4111,  4«,  468,  491.  512.  5;17,  671,  .5'13,  615 
Comptroller  of  the  CJurrency,  Report  of  the.  Sd.  558 
Conipti  oiler's  Statement,  The,  Of  the  Finance 

Bills.    Ed 78 

Congress  and  its  Financial  Policy.    Ed 452 

Congress  and  the  Financial  Outlook.    Ed 521 

Connecticut  .fe  Passumpsic  River  RR 277 

Connecticut  Vslley  RR 634 

Connecticut  Western 611 

Consols,  Daily  iTice  of  in  London  (monthly). 

See  Financial  Review. 
Copper.    .SVfi  Prices  Current. 


PaqE. 
Cotton,  Crop  Reports  of  the  Cotton  Exchanges 

for  June.  19;  for  July,  114  and  140;  for  Aug., 

810,  234,  256;  for  Oct.  1,  375,  446;  for  Nov.  1, 

470.  493.  494;  for  Dec.  1.  595 

Cotton,  Egyptian  Crop ...      .  ■  • .  ■•  ■  •  539 

Cotton.  Ellison  &  Co.'s  Continuation  of  M.  Ott- 

Triimpler's  Statistics 44B 

Cotton,  European  Consumption  of.    Ed »» 

Cotton,  Eurouean  Spinners' Takings 515 

Cotton.  Great  Biitaiu  Spinning  Capacity.... ..  .  448 

Cotton,  Imports  and  Exports  of  Great  Britain. 

See  Market  (weekly) 

Cotton,  India 235,40(^,470,5.39,  6,4 

Cotton   Market   and    Statistics    (weekly.      See 

Commercial  Times. 
Cotton.  Mill  Takings  in  September  According  to 

the  National  Cotton  Exchanges .•  4" 

Cotton,  Mississippi  Water  Gauge l*,* 

Cotton  Monthly  Movement  of  the  Crop........    68 

Cotton.  M.  Ott  Truiupler's  Annual  Circular  Dis- 

continued ;--™;;'i;'"i;j' 

Cotton  Movement  and  Crop  of  1874-i5.    .^.  ^^^ 

Cotton,  Nnshville  Cotton  Exchange  Crop  Re- 
port  ^ 

Cotton,  Nashville  ExchaiiM ■  ^J 

Cotton,  National  Cotton  Exchange  Crop  Report,  ^1 


..67 


189 
141 
91 
399 


Cotton,  New 

Cotton,  New  Crop ;  „  „     • 

Cotton,  Overflow  in  the  Mississippi  Valley. 
Cotton,  Overland  Movement  for  September 

Cotton,  Overland  Movement  to  Oct.  81 314 

Cotton,  Overland  Movement  for  November. ....  bl7 
Cotton.  Pres  nt  and  Ante- War  Prices. .  .400,  421,  515 

Cotton  Railroads  of  Indin.    Ed. 3.'» 

Cotton  Season  of  1359.    Ed 193 

Cotton.  The  Crop f-7 

Cotton,  The  Mississippi  Overflow ■     i" 

Cottcm,  Weekly  R<H-pmts        91,  306 


,  466 
584 


604 


Coupon  Clippers."    Jid 

Covington  &  Lexington  RR 

Credit,  Agricultural,  How  to  Revive.    Ea  ..... 
Credits,    Expanded,    and   Business    Prospects. 

Ed ••• 

Crises,  The.  of  1837  and  1878.    Ed 

Currency,  A  Sound,  and  the  Elections.    Ed 

Currency,  How  to  Reform  Our.    Ed.. ■ 

Custom  House  and  Sub-Treasury.  Transactions 

at  the  (weekly).    See  Bankers'  Gazette. 


453 

39 

215 

1 

122 

429 

97 


Corn. 


-SeeBreadstufls. 


Com  Meal,  \ 
Cotton  Agricultural  Bureau's  Report  for  July, 
68;  for  Augu.st,  1R9;  for  September,  281;  for 

October  1,  376;  for  Nov.,  493,  573,  695 

Cotton,  Bombay  Shipments 863 

Cotton  Convention  and  Bills  of  Lading.    Ed... 

147,  189 
Cotton 


Davenport  &  St.  Paul  Railroad 441,  570,  612 

Debt  Statement  (monthly).    See  U.  S.  Debt. 

Debt  Statement  and  the  Coin  Balance.    Ad.  ...  216 

Debt.  The  Funding  of  the.  and  the  Convertible 

BoudScheme.    Ed  .■■,  -•-■  ■'99 

Delaware  Lnckawanna  &  Western  Railroad 84 

Denver  Pacific  Railroad 4bfc 

Department  Reports -.  ^" 

Des  Moines  &  Fort  Dodge  Railroad 89,  488 

Detroit  City  Finances 3=9 

Detroit  Hillsdale  .fe  Indiana  Railroad I J-t 

Detroit  &  Milwaukee  Railroad 186.  511 

District  of  Columbia  Finances 63.  159,  41.,  405 

Dividends  Declared  (weekly).    See  Bankers'  Ga- 

Drawbick  on  Refined  Sugar.     Ed 603 

Drugs  and  Dyes.    See  Prices  Current. 

Dry  Goods  Market  and  Statistics  (weekly).    See 

Commercial  Times.  ,      ^ ,       „o 

Duncan,  Sherman  &  Co.,  The  Failure  of.    Ed..    98 

E. 

Ea.stem  Railroad  (Mass.) 32.3,  317,  534,  589,  612 

EastTennessc  Virginia  ifc  Georgia  Railroad.. ..  ii5 

Ellzabetbtown  Lexmgton  &  Big  Sandy  Railroad  2ii 

England,  Bank  of.    See  Bunk. 

English.    See  also  British. 

EnWish  Correspondence  (weekly).  See  Mone- 
tary and  Commercial  English  News. 

English  Market  Reports  by  ciible  (weekly).  See 
Monetary  and  Commercial  English  News. 

Erie  Itailroad 39,  ()3,  102,  110.  137, 159,  186, 

European  &  North  An.erican^Railroad.  ./4,  -^53,^  ^^^ 

Evansville  &  Crawfordsville  Railroad  ...... ..  188 

EvansvilleOwensboro*  Nashville  Rai  road.  ..  180 
Evansville  Terre  Haute  &  Chicago  Railroad  ...  Idb 
Exchange,  Foreign,  Market  and  Prices  (weekly). 

See  Bankers'  Gazette.  , ,  ,     „    « 

Exchange  at  and  on  London  (weekly).  See  Mon- 
etary an(l  Commercial  English  News. 


Burlington  4  Southwestern  Railroad 169,  441 1  Cotton  Crop  Estimates 61< 

BnataMM  Proitratlon.    Ed 181    Cotton,  Crop  Report  for  July  of  the  Mobile        | 

.9ati«i.    ,8m  Pricea  Corrent.  I.    Exchange 90 


Cornerine  !  827    Exchange,  Sterting,  Daily  Price  of  (monthly). 

,_-_  „  .,£.•_•.•  ■••'■■•  «. ^  I     ge«  Financial  Review. 

Exnanded  Credits    and 


Bnsiness    Prospects. 


m- 


July— December,  1875.] 

B^ttoreMtMMB.    At  Biitkh  Baud  of 
bpsfM  at  I  wiHi^  AitielM  fna  New  Toric 

■rnSi  IMB  Itow  Tack,  Vaiw  of  (wockl;). 

/Cooa^atW  *Bd  MtacaOaHaaa  :f ew*. 
■noctiarBMdcbaallMTaACwwklT)-  A« 

CSmirlilta  Mhwillnmwi  M«w«. 
W. 
VkUaaiLltacallkaBdltaUtlal  Growth.   JU.  IM 
rmiS  MifWw  wrhiy).  JUt.a.  i*>.  *».  lu-  _ 

410,  IBS 
Wtim,  Ohm,  lad  th*  Itew  taramm  Uw.  gil.  407 
ffcS  Tmt.  Tfe*  K«w.  ud  Sooe  of  Its  Pro^ 

^paMa.     JU • 

rStL    am  ntmOanmL 

rti^Tmmtlm,  DtOj  rHarn  M* 'Cmim  oiioMb^ 

Ij).    AtnaacU  Barltir. 
riu.    Am  Prin*  CanwO.  _^  _^ 

Vlhl  *  ran  MtrqMCU  BaUiaat. Ml  ■< 

TIimMi  Hiilliiart <■ 

Vtoar,  Impoct*  aad  bporto  of  Onat  IMHIb 

<wa*kl7).    auMoBamyMidOa— cliHar 

nawlfa>fcat(«aakin   At  ■NaMifc 

•""•l*  yajn^"**""*.  <"'!'4|V    *•  ■■■• 
linaadOaaMclal  biMiMaa. 

EL"!!!!!  SSSTjwjaUjr).    <tt  Koaatafy  aa* 

C  A  I^MBiVIWBflB •  ••■  ««>«•■••••  •■■••■•■  Wis 

V»ifikta.  Hatkat  for  (vaakly)!   *t 


OaaaalCllraMtaata  aiodaaBllMAL   At 
liMainntlllM 

m 

atf  ai  aiakteOaiapaMr ■  ■  ••  >»,  IM 
I  *  Sptfe^SiKiiUrMl.. . .«  a, 

IMka%4B 
Oji.J»aDr  Pito  of  CfrtlyV    At  Ptatada 

OoU.  fapat  and  iBMft  M  Ma*  Totk  (wasklriL 

»(' 

OoM.  irmTriiiiii~aTBidMr  A4*aacay  MW.  I« 
OMWMaaallaaarilla^  IMr  Pitotof  OaaMkljr). 

■Ma^Da^rPrtaaaof  la  U*- 

DallrPrieaiof'alLoii- 
MoUyt.     At  Moaalafy 

tlM  iiiBlil¥i"LiiitiiL  M»tot.  Prteaa,  »fc  At 

OiiiMiil  SKBittla^abb of.  w<tfc^hJI  da- 

Otaadfc»Hnadl»«iai»illna<  tM  ■• 

OaulTiak  taMitwat  CMH«B Ml 

OtaM  IritiA.  Aililllhiilll  atlaiai  of.  for  WBi  >M 
Qtaat  ■cttalB.  UMiti  aai^liporta  af.     At 
Mdak  Baai«  ofTMla  IMWM. 

Oraat  WaMan  arihnr  of  Onada ««i;IW 

Onai  WaatttaTMiWlBab.; ttt 

(in.r..rl».  Vafkol  aad  AaMttiea  (•Mki;).    At 

"■■'■<. *«-C-MrV  AtOattoa 

(^au^nOa.    AaPHotaCatlMl. 

■. 
llaiAal^CflnHf  — art  jifllliil Ui 

niMi  I    ' 

i(tutmtfMt 

1. 

'.'".'.v.'.'.'.'.'..' '.'.' in,  MS 

>  *  at.  Loata  Bridra M 

iMBBtttaf  OtoatAMala     At  BHtM  Bpatd  of 

TnimlUfna. 
lapmu  of   LaadtaC  AlMilia   at    Mow   Taill 

iwOTklft.    dkt Oaaaataaiai  lliMik' 
lapncu  M  Xa*  Tivk.  V3Ba  *d  (■orttr).    d^ 

Ooaaaofdal  aad  mMoMaaoaaa  Kowik 
iMIi  if  dauli  at  Haw  Tork  iwaatly).    dkt 
Tajlill   I  llfSdintiilliiina.  jUwk 
tadj—PJT... .....■■■■ ._^._^ • 

wt,wm.»m.tm 

ladtaaayaaa  giilaaill  « Lalkvatta  lUl      WK, 

lilii«innllil>oaalt*»gkndiHllaritoar>  ..    Ml 

laHf^iilliAM.  LaalaMnaad a> 

lidiH»a.iraf.  DM  IIM,  CaaM  Baalaaaa  AcdT- 

Hjtm m 

ladalltalilt.  TW  aad  Tkalt  MtMHaa.    mt...    m 
laHBaBMjMaU  TaMa  aad  Prtgaa.    Sat  Local 

laMiaal  Waioaat  «rpott.    W.      u.  «» 

lainaailiial  RaOmad  of  T>u* M 

lag  tiaitait  at  P,aai>rtai  CxrpetaH— o  la  Naia 

Totktur.  m  .. Mi 

laiiitw   an  M  Jt\j,  Aaxacdaft..  Oet.  Wo». 

•adDaa.    ««  *t%nManf  lawiltiaiat"  of 

ikMf  dMaa.  ' 

It II  WW  ti.  Md  Mala,  rUt  aad  CMpataOoa 

EFB^^LrVifl^  •s  "•■  "^^^  •*  •*> 
MK  Ml,  CN  a^  M;  M<,Ma. Ml,  417.  4«<, Ml, 

. ._ .   4»r.  ftMi  Mi^iM,  a»i,  «i 

■lonatota-  daul  ■wd,"  >aklMlal  dw   laal 
)ta<a(dn  af  aaek  BMIk 
lowaMiMdUariOa^..^ „ Ui 


INDEX. 


ifi 


Joactlon  atr  *  FMt  K( 
tnl».   dMOoarBaca, 


Pasx. 
...  4M 


JklOaaoailBildca 

Kaaaaa  Padle  Coiiaoiklatiaa. . . . 

Kaaiaa  Paddc  RaUroadr.-. 

Kaokak  *  Daa  Moteea  Ballraad 
Kaakak  *  Kaaiaa  City  R&Uroad. 

I.. 

Labor  aad  Spacis  Paj 
Lafvacti  Maada  * 


^ 


KH...«,«a, 


Laia Okraa  aad  Wrklna Bliilhiin  RH...9, 
LakagaptrtordTiniafalpit  BBllniad..S»,  Sll, 

At  Prioaa  Canaat. 

Tka  Kxport  of  to  Inropa. 


f^ 


«» 


Laaraawottk  Lawnaea  *  Oalvaatoa  RR....U7,M> 

LMalTaaAretakaad  luWotk.    Jkf t-7 

LoUflhAimaabanaOtal  ' 
Lazlacloa* 

t  [■a     At  B ^ 

Lttda  lock  *  Potftadlk  RatlMad 4U 

Liltla  Book.  Ptea  BUC  *  Mrw  Orlaaaa  RaOfoad. 

8M,  6U 
limpoal  Itokate  (waaklj).    dht  Moaalary  aad 


awarkWTaMoaaad  PriBaaof....l»M. 

•I.  M.  1«L  IM.  IM.  tM  ML  M^  M4.  Ml,  »4J. 

ML  4nL  dM  M^  AM.  ^B,  MV 
SliaMai  lltaRR. 

«.  m 
Ik  B^a,  Baacta  of  thr.  at.  ITO 
(wsaUr).    Sao  Maaetary  aad 
dlifcKoaa. 

•aeta Kt 

Maa...  IM*.  IMl  IM.  IM, 

MI^«M4M.MIb,U« 
M  I  iilaalaa  lUtnUMt,  Mt 


Laaia«Ma*KatkT«aBrikaB Ml.) 

LaatoTina  Maw  Alkaar  *  St.  Laala  Railroad 
Laaterllla  Padaeak  A  loaawaalata  KK  .  .0 


Maafcaltaa  Bdl—i  (Baald  TlaadO..... tM 

Mafltltt  PRllk  J;iiCTi7iliad  Battraad  IM 

MaMaekaaatta  MnaA 

MMiaitawHtMaMLaaa MT, 


It 

llkTlklM,4M 

ii>,4n 


RohpaH  af  Ika  Diiaalar  at  ttM. 

Mjta,  r.j.  OaMapaat. . .  .^..j...... ^.  .■^■ 

""kI,  (M.M» 

HlMaartBtoarfla^tMtA'OatrMraad U 

Mlaaaart  MaM  BiaA MT 

Moklli  mj  riaiint    Mb  4M 

MakOaAOlila •» 

MolMaaaw    dto  Prteat  Camal. 

MoaalHT  aad  OoaMmtal  tMHtk  5*wa(waak- 

as«)  .  .4,  M.  M.  T*.  wi,  inTTM.  irr.  i«.  mi. 
ML  Mtk  tJk,  (14.  M.  Ml  Ml.  4-JL  411,  4td. 
Am*. ML  Mi 
Darailoa  of 
Ow     'Md  •••■  Mi 

Miai^ty  miialjn'tad'lka  Rla^  la  Oold.  mt.  Mi 
MaaalWT  JHaaHaa,  Tka.  aad  lu  Liwaat.  Mt.  Mi 
MaaotatT  TVoakiaa.  Tka.    Hata  m*  Akiaad. 

m..„ «« 

HiMy  MartM  («aakl>).    iaa  Baaktaa' OaaMa. 

Maaty  Markat  laLaadaa  aad  OaatMaalal 

CMta  (waaklT).     At  Moaatary  ndOkM- 

BHsalal  BacHdi  Kaati 

MaMyIlaikat,TkaMwaalkaaad  PMkaraaf 

Um.    M  Mi 

Xaaidaft  Rdiraad Md,t;i.MLMi 

MoaMMHrr  A  Bafaala  BaOioad Mi 

MaaUcaUetPoitJamaBanfaad 

U. 
Han*.    At  BaUdkic  Maurtalc 
XakrUla LlMUaanowi  *  SI.  Laak  Rallaaad. 


•a  OM  Oatioacr  (waakly)^ . 
aad  MlMallatBaaa  Ifwwm, 

Saval  BMaai.'   A>  PrtMa  Oaiiia'l',' 
Slatal  Miitil,  Markai  for  (iraaki/).    At  CMi- 
MIMM 


ill 


"**  **aay  Ckattal  llaUraad.     *«  Otmtni  of 

StaiTlac^bldtad  Baaraat....«LM.M tM 

iM.  inTlM,  4dL  4M  < 
Xaw  Jotaay  *  Haw  Tork  Rattroad It,  I 


Kaw  Orlaaaa  Flaiam..*!,  it,  ML  Ki.  til.  Stt, 
!(aw(MnaBMoMla*Tazat]laafaad  ..  Mt. 
NawOrltaaaM.Laali*Okk^aRaUiaad     It, 

KawRalaatolkaWart 

Itaw  York  Baolna  *  MoaHaal  RaOroad It, 

Kaw  York  AClMadaBtflroad M7, 

Maw  Tork  ORy  Baak  Sialaaaaal  (waakly).    dkt 
~    •      t* 


Maw  York  ORy 

Maw  York  Ooan  of  Ayatali 

Maw  York  Kaaaataaie  *  Woitliaru  RailitMd. 

Maw  York  Klaaaaa  *  Syiacaw  lUUruwl 

Maw  York  *  Maw  Baidaad  Ratlniaa  II.  «n,  tat. 
Mow  York  «  o«war>  MMkad  RR. . .  .40.  it.  lit. 
Maw  York  Piorldanca  *  Boaloa  Railroad. ..  4lt, 

Maw  Yoifc  MaU  Boada    

Maw  Toik  9nu  Ckaala 

Matik  oanBaa  ftataaia MO; 

Morthara  PacMc  RR  . . . mVtI,' Ut! 'itLMi ,' IM 
Mala,    dht  Prioaa  Carraai. 


O. 

Paoi. 
Oakom.    Sm  Price*  Cuirent 
Oat*  Market  (waekly).    5m  BtetdatoSt. 

Ohio  Blectioii.  The.    Ai Mi 

Okk)  A  MlaalaalppI  Railroad ..  .MS,  Jit,  S78,  SM,  4S4 
OU  Cake.    At  Prtcei  CuireDt. 

Oil  Creek  AAUegheny  Elver  Railroad 40,  SOS 

Oils.    At  Pricea  Current. 

Old  Coloor  Railroad S3S 

Oaagc  VaUey  A  Soothem  Kaaaaa  Railroad ITS 

P. 
Paddc  Mail  SteamaUp  Co.. 40;  107,  Ml,  278  317. 

Mi,  Ml,  396,489 
PaciOc  RaUtoad  of  Mlaaoari.. .  .40,  STL  MS,  418, 

440,  4M.  S3S,  97D,  U3 
Pacific  Railroad*.  Bond*  laaoad  to.    ,Stt  United 

Statet  Debt  Sutemcnt  (monlhljr). 

PadDcah  A  Memphia  Railroad  110 

Palnu     St»  Baildlnc  Materiala. 

Panama  Railroad 107.  SI.  4S« 

Paper  Mooey  Men  in  Oonncil.    JM IM 

Pan*  *  DasTille  RaUroad 188,  M7 

PenoajlTanla  Companr  408 

PnuujiTania  Railraad. SI.  1»,M8 

PeasaylTania  Rallroada ICO 

PmniTlTanla  Bute  Finaacea 137 

Psona  *  Rock  laiaad  Railroad. !M.  Mi.BM 

Peletabari  Railroad 40,04,  l» 

raimhigai      At  Pricea  Carrant. 

Philadrlphla   Bank  Stslaneot   (weakly).     At 

Banker*'  Gaiette. 

PhitodalpUa  *  Xne  Railroad M 

PhlladdphI*  *  Raading  RaUroad 31,  M» 

Philaatlntny,  The  Last  New  Trifle  Id.    A/..   ..  601 

Pttubortk  CindBaall  A  8L  Loals  Railroad M 

Ptttabank  *  OoanaUsrilla  RaOroad UI 

PtyBKMiUrKankakea  *  Paeilc  RaUroad Sm 

PoUlical  Booaomy  in  Karope.    At 74 

PopalarKaowledaeaadMoaelary  Scleocr.  Af.  578 

Poctlaad  *  OfldaBsbafth  RaUroad ISO,  3M,  SIS 

Porilaad  flaeo  *  PortsoKHUh  Ralkoad STL  IM 

Pott  Boyal  Billroad T.... 78 

Piatidaara  Haaaaca,  The,  and  the  Financial 

DucaaMals.    W^ Mi 

Prteas  Cvtaal  twaakly).. .K  M.  7L  •%  IlK  IBS. 

Mi  «»,  Ml,  HaTar.  SM,  MLMt.  tM,4U.  174. 

4M,M».M4.aD0.Ml 
Piodaca,  BxporU  of  Leadiac  AiUclea  ol  (week- 

lyt.    Mm  CtMamercl^  Ttaaa*. 
Pmdnca.  LlrerpO'iL  Market  (waaUyl.  8«a  Moa- 

•la>T  aad  Ooauaatcial  aiMMi  Mawa. 
Predara  aad  OU.  Loadaa,  Markata  (wM-kly). 

At  Moaatary  aad  OiiMiirlil  Bactisb  Mew* 
Pndaaa,  Racolpl*  of  Daawetlc   al  New  York 

iwttkfy).    Sea  Oaiaiartlal  TJaM*. 

PioTldeate  (B.  !■>  Chy  Plaaneaa IM.  !» 

Prorlsioas.    At  Pilcta  Cntiaat. 

PiwrMoas.  LHorpeol,  Matkel  (weekly).     At 

Hoaaury  sad  CnaMairrltl  BacHtb  Newt. 
ProTMoaa,  Market  for,  aad  SlatUtlcs  (weekly). 

dkrCoauMTclal  Balloae. 

PlwrWaaa,TksTtad*la.    JW >7 

PaUleDaM.    Btt  D.  8.  Debt. 

PaUaMa  PalaeaOar  Ooaipanjr       4«7 

<|. 

({alacy  Akaa  A  St.  LoalB  SI4 

■•     # 

RaUmarBrake*.    A/...     16 

(BKiaihly).     JM...M.  I48.MI, 

SIU  4»4.  tilt 

B«Oraad  Batat^pi (tabkl.M,  4L  r,  IN.  tILMI,  4n 
KaOraad  Earatawi  (waaUy).  ^tt  Baakaiii'  Oa- 

aalta 

RallniadPaal 4» 

Railtuad  Piuai—  la  Ortal  Hrllala.    Af Ml 

Rallraad  Proattly.  Th*  Patoro  of.    Af. t 

RaUraad  Mock  aad  Road  Lui.    At  "  laraaiun' 

Bapilftal"  (■oatUri. 
Batlfuad  MaA*.    (At  Mocks). 

Rallraad*  of  Ctlifotato IM 

Kallraadiof  Maaeackkaatia 8W 

Kallrnadsof  PoiasylTaato  ..  160 

Rsllroads  la  Iks  State  of  MIrklKaa lit 

Ksllt«ds  la  Ike  raMad  Slalsa.     Af Mt 

AlrUaaRR H4 

BR m 

I  (waeklVV.''«M 

Baslataa.  HoaM  of  ika  Caaaea  of 

__.    «SI 

adaiapUaa  Baiaaa.  Woak  of  lh«.  In  lis  Pirtt 

Tear.    Af 15 

BMattalloa,  Bow  to  Prrpar*  fur.    A/ 3M 

-'  B.Wm.BrlVOB*PBalc    Al MS 

Prtraa  Carmit. 

AOaanile 614 

I  Pndaikksbaa  *  nitoottr 614 

AMMBUasKR W7 

Bacfcford  BaXlalaad  «  St.  Loalt  RR.  .87. 110, 

ML  ML  1 1,  W),  Mt,  tW.  IN.  ISM,  4M 

Rose  WalerMfm  *0|daaabat|h  RR 441 

iUtlaad  RB 110.  18} 

a. 

•aoaatalo  VaOty  BB It 

8C  Joaettk  BiMia 467 

M.  JoMk  *  Daarrr  dtrRR. .  .40. 101.  418.  44ii.  SOS 
M.LoaCAhoB*TerTenaul<!RR. 64 

ScLoalsBrUM.. «» 

8L  baais CKvPliiances lio 

St.  Loai*  Irea  Xooatain  *  Moothrm 614 

St.  LoBia  Kaasas  City  *  Northern  RR  1S7.  ISO,  *07 

St.  Look  Kaokak  ANottbwiwtHR 4<) 

M.  Looli  *  Sonibaaalani  RR 1S7,  llti.  44it 

M  Haal  *  Padic BR ....  ^-IM.*!!.  44« 

San  rraoclMo  Mint.  Colmwe  St  the.    Al M 

SaTsansh  A  Charlrstan  RR 16 

Saaboaid  ^  Roaaoka  RR 116 

Heed.    At  Prleee  Carmt. 

Kherman,  Saaator.  on  Ppede  Payments.    Ai...ll9 

Bilk.    At  Prieaa  Catrsnt. 

BUnr  ColMa*  and  Specie  Paymanla.    Al BO 

SaiyraaToSawars  Bar  RR. 481 

Sodaa  Bay  Oominc  *  N.  Y.  RB. HI 

Sodas  Mbt  *  Boalhem  RR ML  SM 

SootkCarollBsFlaaacee.....  M1,4M,ML6M,  614 
SoBlberaAAUaatk  Telegraph  Co VtO 


■••-■••         -    .•  Paok. 

rPacUcRR.tjf  CMIfornia »S1,  »4 

1  Sacarilin.  Price*  of  (weekly),     i— 

.<)«ol»ttsn  Bago  ui  Banker*'  Oazctto. 
SpaoUiag',  'Mr.,  and  GreenlMick   Retamptlon. 

^  ..T 8S8 

Specie.    Sm  alao  Coin  and  Bullion. 
Specie,  Stportt  ■»ti4  Importu   at   New   Vork 
(weekl>').    .%(>  CoDunerclal  and  Miacellaneoiu 
Jiewa.    , 

Specie  Parmenta.  Mr.  Qarfleld  on.    J!d MO 

Sped*  Ptrmenta  and   the   Reported   Foreij^n 
Louii.    JEU SOB 

SptltOT,  1 

Splec*,  !-5«Prite«Cnrrent. 
.  Splrlu,  t 

'  BpOillSHd'DeaMr  A  ladlanapolia  RR 40,  489 

.  aUta  aad  Railroad  BondaT  KaHcat.  Prices,  Ac. 
.    '  (Weelrirl.    St  Bankers'  Gazette. 
tUtfe  Somritlce.   •SM"  Inveatora'  Supplement" 

(monlhlj). 
Steel.    Aw  Price!"  Cnrrent.  '  •" 

Sterling  Kichaiifre.  ■  5««  Exchange.    ' 
Stock  and  Bond  TaWes.    Si4  "rnvcstora'  Sup- 
;  piement "  (mtmtliVv). 
'  Stodc  of  (juadlni;  Artlclcn  or  Merchandlae  In 
'    New  Tork  (nionthl jr.  i    Hu  Commercial  Times. 
StQcJcs.  QMbirkut  rrices,  Ac.  (weekly).    Sm  Bank- 
en'  Gazette. 

t lock  Operations 614 
tocka,  Prices  of  (monthly).    Sn  Financial  Re- 
Tlew. 
Stocks,  Price*  of,  at  Boston.  Philadelphia,  Ac. 

(w^klr).    See  Bankers'  Gazette. 
Stocks,  Prices  of,  at  New  York.    See  Qnotation 

pace  in  Bankers'  Gazette. 
Stocks,   Table   showing  transactions  for   the 
vreelc.    5s«  Bankers'  Gazette. 

Stockton  A  ComxTopol in  RR 160,  316 

Suez  Canal  and  tho  English  Purchase.    Btl 579 

Sttb-Troasnry,  Diiilv  Transactions  at  (weekly). 
See  Bankers'  Gniette. 
'  'Sngar.    Sef  Prices  Current. 

Smar.A  t'nlform  Specific  Duty  on.    Ed 547 

Sugar,  Proposed  New,  Stlindard.    Ed 5J4 


ft^^EX. 


(Julywl>i!ceBiber,  1875. 


bacMb  1 


__  Pasb. 

Sugar,  The  DrawbacFA  Bard  Refined.  Ed.S8.%  681 
Siiinr,  The  Productlck  and   Consumption  of. 

409 


Syracasc  Northern  KB 160,849,  442 

T. 

Tables  of  Stocks  and  Bonds,  published  on  the 
last  Saturday  uf  each  month.    See  Railroad 
Stocks,  State  Securities,  City  Securities. 
Tallow.    See  Prices  Current. 

Taxation  of  Railroad  Lauds 302 

Tea.    3h  Prices  Cnrrent. 

Tennessee  Finances 8,  87,  536,  592,  814 

Tennessee  Railroads  aud  the  State  Tax 313 

Texas  Grants  to  Railroads 511 

Texas*  New  OrlciHis  Railroad...,..,, 251 

Texas  &  Paciflc  Railway ; .". .• . . . .339,  834 

The  New  York  Clearing  House  and  the  Taxation 

of  .Snrplns.    Ed 602 

Third  Aveaue  Saving*  Bank,  Failure  of  the.  Ed.  310 

Tobacco.  ('^«I'"'««'-'»^™'- 

Tobacco  Market   (weekly).      See  Commercial 

Kpltome. 
Toledo  Peoria  &   Warsaw   Railroad..  160,  373, 

505.  592,  614 
Toledo  Wabash  &  Western  Railroad.  16.  64. 186, 

269,  324,  3 19,  490,  604 
Treasury,    Certain    Weekly    Transnctions     at 

(weekly).    .Se«  Commercial  aud  Misceliaueous 

News. 

Treaenry,  Report  of  the  Secretary  of  the 551 

Tr(7  &  Greenfield  Railroad 7 

V. 

Underwriting,  Here  and  Abroad.    EJ. .  51 

Union  Paciflc  Railroad.  Bi,  »45, 316,  372, 436, 467, 

490,  585 

U.S.Colnage 58 

U.  S.  Commerce  and  StatjBtic8..33, 131,  I7.%  19«, 

298,  318,  409,  523 
United  States  Debt  Statement  (monthly )....  2 j, 

137,  340,  339,  431,  526 

U.  S.  Department  Reports. 550 

U.  S.  5-208  Called ivlSS,  224,  370,  317,  4S5,  482 


United  States  Securitijs.  •  Siis  QoTemmeft  Se- 
curities, .  I  a    J  ,     Tj—, 

V.  S.6eof  180JCalle<lla ,.....'...■.... J':...    57 

U.  S.  Supreme  Court  on  the  Surrender  of  Bills 

of  Lading.    Ed...   .  v.^^ ;.'-••  5i2 

U.  S.  Supreme  Court  on  Usury.  Ki.';.....:. "' i,  4*8 
United  States,  Trade  of  (Jreat  Britain  wiflfe.'   iS«'' 

British  Board  of  Trade  Returns.  -» 

Usurj- RefomierS  at  Work     Ed ..■ .';,..  -IJSS 

Utica  Ithaca  &  Klmlra  Rillroad .'     16 

V.  ■>■■  ...i.  .  '  •  .. 

Valley  (Va.)  Railroad  .....:..■;..'  3<(6 

Vermont  &  CaJiada  Railroad ',      442 

Vermont  Central  Railroad 245  418'  490 

Vicksburg  &  ■Meridian  Railroad '       '  2O7 

Vicksburs;  Slireveport&  Texas  Baiiro»a 213 

Virginia  Finances ...^ -.'.^8,  627,  604 

Wabash  &  Erie  Canal-. ;•...■...:  ........... Vt;  j)6  ' 

Walker,  Amasa.    ,Ed ■...'•"■■"'»  ' A-h.  408 

Walkill  Valley  Railroad ..!..'.';'     .443 

Wall  street,  Tlie  Inflationists  and  the  Kevlvtl 

of  Business.     Ed      .  '....'..■., ^..'-.y..^  ,S81 

West  Wisconsin  Railrodd.-.  v        .\ti'.^.i^,ri'  386 

Western  North  Carolina  Railroad •.  '  "^ .;.»' '  40 

Western  Union  Telegraph  ....  .16,  .%.5,  369.  37d,  &m 
What  is  Needful  PreiioHs  to  Resumption!'  Ed  001 
WheRt,  Imports  and  Exports  of  Great  Britain 

(weekly).    See  Monetary  and  Commercial  Kn"- 

lish  News. 
Wheat  Market  (weekly).    See  Breadstnffs. 

Whitewater  Valley  Railroad 491,536 

Wilmington  &  Reading  Railroad 137,594 

Wilmington  &  Western  Railroad 56^ 

Wisconsin  Central  Railroad .'.        345  324 

Wool.    See.  Prices  Current.  " '      ' 

Wool,  Imports  and  Exports  of  Great  Britain.   - 

See  British  Board  of  Trade  Returns. 
Wool,   Sales  of   Colonial.     •5d«  ■Mol;^tary  aud 

Commercial  Englisli  News.  ' ' 

Woolen  (Joods,  Exports  of  Great  Britain.    See 

British  Board  of  Trade  Returns. 

X.  ■ "  • 
Zinc.    See  Prices  Current. 


y 


•  t 


-f*- .  *  1#  ♦ 


>  V 


turn 


HUNT'S    MERCHANTS'    MAOAZINB, 

aEPRESENTWO  THE   INDC8TBIAL   AND  COMMERCIAL  INTERESlt    JF  THE  nNITKD  STATES. 


I 


VOL.  2L 


8AiUKDAY.  JULY  3,  J»76. 


NO.  523. 


GONTMHT9 


THB 

WnmtttOntimamt  »mmm  H<ig|llC>i«>iMj«««Cii»«»l«l 

fimmi. 1 1  ^Mtak X««* 4 

flMadMlMto««(J«MT^       tl    Mot* ..       .  * 

TSB  nuatamr  •Anrm. 

KmS6&wS!»M^1M(  I iSl*T«*fc U«l  ■MWttlM n 

OtaaaMiBpnHM niDtvOMA* ■ 

M   MmOmnm M 

...  » 


TSBva  or  ■OBMmimoB-rATABLB  la  aotamb. 


IM«  •*  U«  toUomiit 


VKLua  a.  SMU,   I 


«  ^  DaWa  ik'oa,  fii>lii>'»iik 

•■4  «  wamm  •mm  iriw  t< 


fft 


iriw  f  oia. 

41 


'  A  MM  t>a-t<mt  !•  r«nM»~l  u  WonUi 

^     iMlaf  dMOaaaMeuL  *sv  Vol. 

■a.  ia«  b>  Iftl.  •tetT.tkm  T«l«aM. 


rSzrL 


»•*  VOTkOltr  ky  Mr    rr^L  W    .;<mn. 


IIP1.1MI  cii»m  m  icsniB  pmspectl 

It  M  a  good  old  OMtom  with  •oino  AoMrican 
men  to  avail  lb— aatyw  of  ihc  long  days  and 
eantile  qoiotado  of  midmainMr  for  their  aooaal  itoek- 
taking  ud  balaadng  of  aeooonta.    Sf'  -  ot  •  few 

traHwhofeflaeai  jeardoMnoCtemda.n-  .uc  month 

of  Jaao  bare  the  habit  of  making  a  Mmi-annnal  balance 
of  their  book*  at  that  time,  ao  aa  to  mo  how  thejr  ilaod. 
Thna  it  happesa  that  At  tlir  prtaont  period  of  the  jmx  a 
keen  obeerrer  maj  with  a  Httic  troable  collect  itatiatical 
faoU  aa  to  tha  paat  year'n  boaincaa  with  mon  aooaracj 
and  leas  troable  than  osoal.  We  have  eoefwrad  with 
pMSOna  who  hare  taken  the  trouble  tv  make  xarh 
eiaborato  inqairiea.    It  ia  rather  too  early  to  collate 


the  maaa  of  information  thoa  aocamolating  and  to 
appreciate  with  aoonraoy  it«  fall  force.  Two  or  three 
general  facts  are  all  that  we  are  prepared  at  present 
tojtate. 

Pint,  it  is  certain  that  the  great  distribating  classes 
of  oar  industrial  population  have  been  doing  businees  at 
a  loss.  Or,  to  speak  with  more  precision,  their  expenses 
are  too  heavy  for  the  volome  of  baaineos  they  are 
able  at  present  to  do.  Since  the  panic  their  aggregate 
gaina  have  ooatnoted  more  than  their  proportionate 
expenaea.  Eooaoodaa  of  various  kinds  have  oat  down 
the  weekly  and  moBthlr  outlay  of  oar  mercantile  firms  ; 
bat  mnch  as  the  axpcBse  aoooant  has  been  thus  limited, 
the  iaoooM  from  proCts  baa  been  too  often  found  inade- 
<]uat«  to  meet  it. 

The  nation  is  Bka  a  great  railroad  company  that 
haa  iaereased  ita  lolUag  stock  and  multiplied  its  trains 
to  do  aa  immcnat  trafle,  which  after  several  years  of 
riolant  activity  suddenly  stops  or  shrinks  to  half  its 
former  volume.  The  railroad  oonpany,  in  spite  of  all 
their  efforts,  will  find  themselves  unable  to  retrench 
faa(  aaongh,  and  for  a  time  wilt  be  likely  to  lose  their 
proAta,  especially  if  the  belief  ia  current  of  an  early 
revival  of  trade.  Thie  is  just  the  case  with  the  distrib- 
■tiag  Baohaaism  of  our  national  industry.  For  many 
years  paat  thu  nachinery  haa  been  running  at  high 
presaure;  and  baa  been  doing,  well  or  ill,  an  immense 
amount  of  work.  That  activity  b  now  no  longer  wanted. 
Very  nuch  leas  work  will  suAca,  but  the  pressure  of  the 
madiinery  cannot  swiftly  adjust  itself  to  the  new  con- 
dition of  things,  especially  as  an  eariy  revival  of  the 
former  activity  waa  too  generally  looked  for.  With 
these  qualifications  and  suggestions  before  us  wo  need 
not  mJAanderstand  or  be  surprised  st  the  statement,  from 
woH  iitfcidted  quarters,  that  a  great  amount  of  mercan- 
tile hnainsas  baa  heeo  done  at  a  loss.  It  is  an  incident  of 
all  meroantile  oountriaa  that  the  large  profiu  of  good 
times  should  be,  as  it  were,  an  insurance  fund  against  the 
loasca  of  bad  timsa.  And  as  the  farmer  has  his  winter 
season,  when  he  ia  paying  out  and  getting  nothing,  so 
has  the  merchant  hia  seasons  of  outlay  with  no  corre- 
sponding retnms.  This  law  of  mercantile  development 
has  had  much  to  do  with  the  destruction  of  small  firms 
and  the  building  up  of  large  establishments  and  corpora- 
tion* wielding  immanse  masses  of  capital.  The  capi  - 
talist,  whof>e  ample  mean!«  enable  him  to  bear  the  drain 
of  bad  times,  surviven  them;  while  the  man  of  small 
means  soon  gets  to  the  tjottom  of  his  resources,  ezhansts 
bis  bank  aoooant  and  perishes,  llio  same  fate  overtakes 
the  firms  and  capitalist!*  of  larger  meanR,  who  arc  impru- 
dent and  rash  in  thsir  investments.     One  of  the  most 


THE   CHRONICLE 


[July  3, 1875. 


frequent  lessons  taught  by  recent  panics  here  and  abroad 
is  the  imporuiice  of  keeping  our  capital  under  our  own 
eye,  and  of  refusing,  under  any  temptation  whatsoever, 
to  take  ow  working  capital  out  of  our  business  for  any 
purpose  temporary  or  not. 

This  brings  us  to  a  second  point  whicli  has  been  noted 
in  regard  to  the  present  position  of  mercantile  business 
in  this  country.  It  is  said  that  the  bad  habit  is  growing 
of  using  business  capitiil  in  outside  speculations.  Real 
estate  investments  have  allured  some  men,  while  gam- 
bling operations  in  stQcks,  cotton,  wh^at  or  other 
produce  have  ruined  more.  This  is  a  very  old  evil  in 
the  United  States;  but  for  several  years  past  it  has  been 
less  mischievous  than  previously,  and  less  fruitful  in 
failures.  Of  late  the  indications  are  that  it  is  becoming 
more  formid.ible,  and  some  of  our  conservative  lenders 
are  adopting  the  principle  of  regarding  with  doubt  tho 
operations  and  the  credit  of  every  man  who  owes  a 
great  deal  of  money  in  floating  debts,  no  matter  how 
ample  may  be  his  reputed  wealth. 

The  third  point  reported  to  us  is  even  more  serious 
in  some  of  its  aspects  than  those  already  mentioned.  We 
are  assured  that  there  is  so  much  eagerness  to  sell,  that 
bad  business  is  doing  to  a  greater  extent  than  for  a  long 
time  past.  Thus  merchants,  whose  former  rule  it  was 
to  sell  on  two  months'  or  three  months'  time,  grant 
much  longer  credits.  Again,  jobbers  who  formerly 
refused  to  trust  men  below  a  certain  rating  of  credit, 
now  force  their  goods  upon  men  below  the  old  level, 
and  trust  with  large  amounts  firms  with  whom  they 
formerly  refused  to  deal  at  all.  If  these  charges  are 
true,  and  if  the  evils  in  question  prevail  as  extensively 
as  is  affirmed,  there  is  reason  for  apprehension,  and 
some  ^^gorous  steps  must  be  taken  to  prevent  the 
growth  of  the  mischief.  The  time  to  cry  out  and 
to  give  the  alarm  against  financial  incendiarism  so 
mischievous  as  this,  is  not  when  the  panic  appears 
which  they  tend  to  kindle  among  us.  It  is  the  part 
of  prudence  and  wisdom  to  foresee  the  evil  and  tp 
prevent  it. 

Two  reasons  may  be  urged  against  the  expansion  of 
credits  above  referred  to.  First,  we  are  approaching 
specie  payments  ;  and  the  experience  of  all  past  efforts 
at  resumption  in  this  country  and  abroad  combine  to 
show  us  that  no  wise  man  on  the  eve  of  resumption 
should  burden  himself  with  speculative  debts  of  any 
kind  whatever.  Every  one  who  has  anything  to  lose 
should  limit  his  enterprises  and  ventures  within  the 
strict  bounds  of  his  assured  means.  When  prices  are  on 
the  "up-grade  of  inflation"  speculative  men  may  disre- 
gard this  safe  conservative  rule  just  as  a  captain  in  fair 
weather  may  run  risks  and  yet  escape  damage.  But 
the  present  time  is  not  favorable  to  rash  credits.  The 
financial  horizon  is  not  propitious  to  speculative 
ventures.  Finally  the  men  who  persist  in  burdening 
themselves  with  obligations  of  a  speculative  character  in 
the  hope  of  relieving  the  pressure  of  old  obligations 
may  be  assured  that  if  they  look  carefully,  they  may 
find  a  better  way  out  of  their  troubles.  Otherwise  they 
will  run  counter  to  the  whole  current  of  business  in  this 
country.  For  two  years  this  current  has  set  strongly 
against  expansion;  and  toward  economy  which  is  con- 
traction. Everybody  knows  that  to  do  business  with 
safety  and  success  a  cardinal  rule  Ls  to  run  with  the 
stream;  to  obey  the  laws  of  the  business  current  in 
which  we  float.  If  this  current  sets  just  now  against 
expansion  of  credits  the  financial  barques  which  are 
overloaded  with  such  credits  will  be  very  likely  to  meet 
disaster. 


THE  FCTUBE  OF  RAILROAD  PROPERTY. 

Several  conflicting  views  as  to  railroad  property  have 
been  current  since  the  panic.  We  ventured  some  time 
ago  to  predict  that  the  railroad  progress  of  the  imme- 
diate future  would  show  three  results.  First,  an 
attempt  to  correct  the  bad  financial  work  of  the  past  in 
the  building  of  our  railroads ;  next,  an  attempt  by 
economy  and  good  management  to  reduce  the  expenses 
and  to  improve  the  credit,  without  diminishing  the 
efiiciency,  of  our  railroad  system  of  transportation  ;  and 
thirdly,  an  attempt  to  perfect  the  incomplete  parts  of 
the  network  by  the  gradual  construction  of  a  consid- 
ergtble  number  of  new  links  between  existing  lines. 
Tihese  opinions  appear  to  have  been  supported  by  the 
various  reports  of  railroads  which  have  reached  us  from 
time  to  time,  and  they  are  confirmed  by  the  annual 
compilation  in  "Poor's  Manual."  According  to  this 
elaborate  work,  the  total  mileage  added  to  our  railroad 
system  during  the  year  1874  was  1,940  miles,  while 
during  the  five  preceding  years  the  average  increase  was 
more  than  six  thousand  miles  a  year.  The  whole  net- 
work of  railroad  in  this  country  Mr.  Poor  reports  at 
72,623  miles,  the  cost  of  which  he  sets  down  at  |4,221,- 
763,594.  Of  this  sum  the  shares  amount  to  $1,990,997,- 
486,  and  the  funded  and  other  debt  to  $2,230,766,108. 
The  net  earnings  of  the  year  were  $189,570,958.  In 
other  words,  we  have  to  represent  our  railroad  network 
a  mass  of  securities  amounting  to  more  than  4,200 
millions,  of  which  the  bonds  constitute  over  one-half. 
Our  railroad  bonds  thus  reach  a  total  about  equal 
to  that  of  the  national  debt,  which  amounts  to 
$2,270,932,088. 

To  pay  interest  on  these  4,200  millions  of  securities* 
our  railroad  system  earned,  as  we  have  said,  189  millions 
net.  These  earnings  amount  to  nearly  twice  as  much  as 
the  annual  interest  on  the  public  debt.  Last  year  the 
railroad  earnings  were  183  millions,  so  that  there  is  an 
increase  of  six  millions  in  the  sum  to  be  divided  among 
the  owners  of  the  railroad  securities.  This  increase 
offers  gratifying  evidence  of  the  vitality  of  our  railroad 
organism  and  of  the  active  trafiic  which  has  been  going 
on  notwithstanding  the  depression  of  business.  It  is 
worth  remarking  that  the  passenger  traffic  shows  a 
considerable  increase,  in  spite  of  the  reduced  fares.  The 
freights,  in  consequence  of  the  reduction,  yielded  ten 
millions  less  in  1874  than  in  1873.  The  total  gross 
earnings  show  a  decline  of  no  more  than  $5,76X>,396.  On 
the  otier  hand,  there  was  a  saving  of  $11,714,315  in 
operating  expenses,  owing  to  the  decline  of  materials 
and  labor,  as  well  as  the  use  of  more  economy,  honest 
management  and  care.  These  facts  are  UhistWted  by 
the  following  tables  which  we  compile  from  those  of  the 
"  Manual" : 

BAILBOAD  PBOOBESS  IN  1874. 


Sonds and 

Cost  per 

Statu. 

Mllea. 

Capital. 

Debt. 

Ibtal  Cost. 

Mile. 

New  England. . 

.    B,509       $1.37,125,915 

$111,218,811 

$248,344,726 

$42,862 

Middle 

.  14,291 

557.934.601 

680,464,491 

1,318,399.092 

47,356 

Western 

.  34,882 

B99,a30,2«a 

,073,147,622 

1,972,177,844 

54,829 

SouUiern 

.  16,6'J2 

213,794,148 

309.71.'- 

,075 

523,509,223 

38,764 

Pacific 

.     2  3,S9 

83,112,600 

76;220,109 

159,332,709 

89,981 

Aggregate. . 

.  72,6i3    $1,990,997,486    $2,230,766,108 

$4,221,763,594 

$60,425 

§ 

■o'? 

^^ 

§       §5^ 

1 

s 

:  "a 

!S!3 

&       -"SS 

|: 

Stata. 

•§• 

'O'S 

>3 

s       l|^ 

Si 

s? 

i^ 

:  1 

r    :  1? 

1 

New  England. . 

.  t50,06i,'174 

$33,.151,591 

66.8 

$16,713,183    6.7      $8,611,971 

Middle 

186.493,438 

116,309,466 

62.3 

70,188,972    6.3 

«,600,154 

Western 

214.869,477 

139.322,7S2 

64  g 

75,646,695    3.8 

16,605,832 

Soutbera  

.     52,2.59,241 

34,989,909 

66.9 

17,269.382    8.8 

1,068,455 

Pacific 

16,774,086 

6,921,310 

41.9 

9.862,T:6    6.1 

3,256,130 

Aggregate,. $620,466,016    $330,895,058    63.6    $189,670,953    4.5    $67,04«,942 


July  3,  1875.] 


THE   CHRONICLE 


3 


i 


One  of  the  most  important  facts*  proved  by  the  statis- 
tiot  bofore  as  is  the  ntter  falsehood  of  the  statements 
I  by  wme  of  the  European  papers  to  the  disparage- 
of  Ameriean  railroad  proi>erty.  To  read  sotne 
of  the  French,  English  or  German  papers,  one  wooM 
think  that  the  American  railroad  system  was  a  huge 
machine  constructed  l>y  European  capital,  earning  little 
more  than  ite  operating  expenses,  and  answering  among 
other  objects  the  conspicnoos  one  of  swindling  and 
impoTerishing  the  European  ci^titaltsta  to  whom  it  owes 
its  existence.  In  contradiction  to  all  this  what  do  we 
find?  We  find,  first  of  all,  that  our  railroad  system 
was  not  built  solely  with  European  capital,  but  chiefly 
with  Americsn  capital.  It  is  true  that  considerable  sums 
of  our  railroad  bonds  hare  been  sold  in  Europe.  But 
by  far  the  largest  and  beat  part  of  our  railroad  bonds 
■ra  and  alwfeya  hare  been  in  the  hands  of  American 
iliTeston. 

Secondly,  we  find  that  our  railroad  network  u  not 
the  onfmitfiil,  nnprodnotire  machine  it  is  represented 
to  be.  lu  bonds  eqoal  the  national  debt,  and  iu  yeariy 
earnings  are  nearly  twice  m  mooh  as  the  yearly  interest 
on  tkat  dd>t. 

MoreoTer,  if  we  carefully  •empm  oar  railroad  sys- 
tem with  that  of  England  we  shall  find  that  the  one 
earns  qoite  as  much  interest  on  its  whole  coat  aa  the  other. 
The  foregoing  tables  show  that  our  nilroad  system  earned 
last  year  4^  per  cent  upon  the  total  amoont  of  the  capital 
inreeted  in  it.    The  English  r«ilw»y  system  cannot  do 
much  better  than  this.    We  have  before  us  the  oflklal 
retoms  of  the  great  British  railroads,  oompilcd  by  the 
Board  of  Trade,  and  we  find  that  for  the  past  twenty 
y«MB  the  network  ot  English  railways  has  never  earned 
more  than  from  S'44  to  4*51  per  cent  net  on  the  aggre- 
gate of  iu  cost.    The«e  faeta  are  well  known  here  bat 
U>ey  are  not  so  well  knoira  abroad  aa  they  deserve  to  bei 
Another  point  of   importance  is  the  heavy  rate  of 
interest  paid  on  the  bonded  debt  of  onr  railroads.     The 
BogUah  compaaies  oao  borrow  at  four  or  five  per  oent, 
while  onr  railroads  have  to  pay  seven  per  cent.     Hesoe 
■rises  a  great  disparity  in  the  divmon  of  the  net  eaminitB 
of  the  railroad  system  between  the  bondholders  and  the 
owners  of  shares.    If  we  oompute  seven  per  cent  as  the 
average  interest,  the  amonat  required  for  the  whole  2^00 
■iUioBa  of  debt  will  be  )ft4  miUiona  •  year,  leaving  no 
mwrs  tbaa  M  millions  a  year  of  the  total  naCeantngt  to 
be  Sffidefl  among  the  stockholders.    Now  if  we  e&M 
borrow  at  five  per  cent,  the  (nt^est  woald  be  bnt  110 
aul  lions  a  year,  leaving  a  mndi  larger  sam  than  at  present 
to  the  railroad  shareheMeis. 

On  theae  facts,  with  others  of  equal  fbroe  to  whieh 
we  cannot    now   sdrert,  some    of  onr  financial    men 
predict    two    future    dtanges    as    likely    to    develop 
Ihamsekee  in  railroad  property.    First,  they  say  that 
the  beads  of  cor  beat  railroads  wiU  tend  to  astimilate 
th«BaelTea  ia  their  lalea  of  interest  to  the  beat  bonds  of 
the  Earopean  railways  in  England  and  on  the  Continrnt. 
Secondly,  they  tell  as  that  this  process  will  set  free  a 
large  som  every  year  to  be  added  to  tlM  dividends  of  our 
railroad  shares.    They  point  to  the  fact  that  last  year 
the  amoont  paid  for  dividends  by  onr  network  of  rail* 
roads  was  |«7,04a,942,  or  $"99  per  eeat  on  the  nominal 
capital  pdd  np.    These  payments  left  of  the  net  earn- 
ings a  rasidae  of  1121,628,016,  or  SB  per  oent  for  the 
payment  of  interest  on  the  bonds  and  other  debt. 

We  by  no  means  agree  with  these  sanguine  reasoaem 
in  the  intupietltea  they  pat  on  eome  of  the  ftgaies  we 
have  cited. 


friends  in  all  their  deductions,  we  may  at  least  concede  that 
the  discredit  of  railroad  bonds  in  Europe  is  due  in  part  to 
prejudices  fostered  by  ignorance  of  the  true  value  and 
of  the  sound  condition  of  the  beet  railroads  in  this 
country.  If  we  could  secure  thoroughly  honest  corpo- 
rate management  there  is  no  reason  why  a  well-estab- 
lished railroad  in  any  of  our  rich  commercial  States  should 
not  with  its  large  earnings,  future  prospects,  and  increas' 
ing  traffic,  be  able  to  borrow  on  as  good  terms  as  the 
East  Indian,  French,  or  Belgian  railroads. 


FimRCUL  RBTIEW  OP  JUHS. 

The  month  of  Jane  was  marked  by  a  continued  ease  in  the 
money  market,  and  a  (artber  increase  in  the  sarploa  reserves  of 
the  baaka.  TUer«  has  been  no  in^ater  plethora  of  loanable 
funds  aeaking  employment  at  any  time  in  the  past  ten  years,  and 
some  of  the  bankiag  bouses  heretofore  accustomed  to  pay  interest 
on  deposits  are  now  declining  to  do  so.  It  thai  appears  that  in 
the  present  sea  son,  eighteen  months  after  the  railroad  panic  of 
1873,  tbs  aeenmnlsilon  of  idle  fands,  whieh  naturally  follows 
MKh  a  flnandsl  crisie,  is  more  decidedly  noticed  than  last  year — 
fb*  Sammer  immediately  followisg  the  disastrous  eveDta 
retamd  to. 

The  eoouiMTClal  Wlnrse  in  England,  which  were  Important  in 
BMnbsr  and  amonst,  liad  but  Utile  effect  on  our  markets,  and 
oansad  bnt  comparatively  little  distarbance  in  London,  where  the 
Baak  rale  of  diseonnt  remataMd  naefaaaged  at  Si  per  Mat, 
tfcioagboat.  ' 

GoTemment  rresrities  eootlnaed  active  and  strong ;  the  de- 
assad  for  the  hi|^«at  elam  of  Investment  bonds  was  the  pre- 
AoMlaaat  fratar*  of  the  market  lor  secarlties,  anl  under  this 
kaad  govrrsments  rmak  Irst. 

nr  ran,  ISTS. 


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Railroad  and  misoellaaeoaa  stocks  were  generally  depressed. 

titoogh  reeovertog  in  most  ossss  before  the  eloee  of  the  month. 

Borne  of  the  pmiinent  stocks  reached  the  lowext  prices  made  in 

a^aral  montha    The  adjustment  of  the  railroad  war  between 

Althouj^,  however,  we  cannot  follow  oqr  I  tbs  Baltimore  »  Ohio  and  the  Pennsylvania  roads  was  ooa  of  the 


THE   CHRONICLE. 


[July  3,  1876. 


fortUDHeevenU  of  the  month,  but  the  state  o«  business  was  too 
depreaatd  to  permit  of  a  general  advance  in  freight  rates,  and 
the  Immediate  fruits  of  the  settlement  cannot  be  large.  Railroad 
Mrnlngs,  so  fur  as  reported,  were  not  altogether  unfavorable  as 
eomp*r«d  with  the  previous  year,  and  on  some  roads  a  material 
Ineretw  Is  shown. 

The  following  table  will  show  the  opening,  highest,  lowest  and 
closing  prices  of  railway  and  miscellaneous  stocks  at  the  New 
York  Stock  Exchange  during  the  months  of  May  and  June ; 


atKss  or  •Tooaa  a  air  and  jmn. 


■allr«a«  Stocks.  Open. 
Altaar  *  BnsqiMhsnna    101 

AUa^  «  PseUe  prer..   n)i 
Otalral  of  New  Jetaey. .  1 U 

Ohlcacp  AAlton lOT 

^o  icrlp...  108 

do  pref  ..    no 

CtaicaRo,  Barl.  A  Qnlnct  118 
Chicago,  mi.  A  St.  Paul    SJX 
do  do    pref.    MX 

do       £  Northweat'n    *i 
do  do   pref.    M)i 

do       A  Rock  [aland.  10S>f 
Clere..Col..  Cin.  A  Ind. .    61 
Cleve.  a  PitUbnrE  K<>ar.    9i)i 
Colamb.,  Chic  It  Ind.  C.     6 
D«L.  Laelc  A  Wwtero..  119 
Dnbnqae  &  Sioux  City..    61 

Kris... 30H 

do  preferred 41 

llanaibal  *  Hi.  Joaepb . .    iS)^ 
do  pref.    !il>i 

Harlem IM 

IlUnota  Central 105% 

Joliet  A  Chicago 98 

Kanaaa  Pacllic  »)i 

LakeSho.  «.HIcb.Soutb    70X 

liarletu  ACId.,  l«t  prf 

Michigan  Central 1i)i 

Mlasoari.  Kan  &  Texaa.         T 

Morria  A  Baaex IMX 

NewJeraey !.■» 

New  Jersey  Sonthem...      6X 

N.T.Cen.AH.R 105X 

do    N.Haven  AHort.  140X 

Ohio  A  Mtaeiaaippi » 

do  pref.    SS 

Pacidc  of  Hiatoorl 54^ 

Panama 168 

PItU.,  P.  W.  &  Chl.gnar    99 

Itentaelaer  A  Sarat»i;a 

ft  L.,  Alton*  T.  H 7 

d»  <1o       pref    H>i 

St.  L-.tron  Mt.&  South.    21 
St.  Loaia,  Kan.  C.  AN..      9X 

do  do     prtf.    44 

Tol..  Wab.  A  Weatem . .     U}( 
do  pref    18 

Union  Pacific 76J< 

Warren 100 

n  lacellaneona. 

Pacific  Mall :....    HX 

Atlantic  A  Pacific  Tel. . .    26 

Western  ITnlon  Tel 79  )< 

Conaolidatton  Coal 49 

Spring  Mountain  Coal . .    69^ 
Boston  Water  t'ower. . .     i:x 

Canton  68X 

Mar'p'aaLd  AH.  Co  ...      5X 
do       do    ao^'t  paid     7j^ 

do       uo  pref 6-li; 

do       do  d'^assipd     7>j 

Quickaiiver 19 

do       pref 26 

Adama  Bxpreaa 103 

American  Express 633^ 

United  States  Express. .    S5>« 
<7ell8.  Par  fo  Express. . .    92 

Del.  AH  nd.  Canal 119 

Beno  B.  Estate,  2d  pref 

United  Stales  Trust  Co.  300 

Kachattan  Q«a 300 

NewTnrkOas 

Union  Trust  Co 130 


-May. . 

•      ■  Clos 

103« 
19 
108>i 
101 
lOS 
111 


HIeh.  Low. 

1(M  ia3>^ 

17X  i*H 

114  10«.>i 


103 

los  ins 

111  no 

113  1I2W 

88  82 

&9  .MX 

•«»«  87X 

5S«  82X 

105X  iOOfi 

62  46 

94X  88>tf 

6X  *X 

61  61 

30X  :6V 

41  25 

85V  20X 

31V  28 

137  133 

lOSV  lOOV 

98  98 

26  21V 

72X  57V 


112V 
82S 
S5V 
S8V 
54 

loiv 

61 

HSV 

6V 

IWV 

61 

17« 

35 

21 

28V 
184V 
lOlV 

98 

21V 

67V 


72V 
9V 
102V 
13 'V 
6V 
107V 
144 

27V 

68 

65 
165 

99V 

8 
25V 
22V 

9V 
44 
14V 
18 

78V 
100 


68 

7 
101 
130 

4M 
lOO 
140V 

31 

46 

49 
123 

97V 

7" 
SIV 
20 

7 
36 

»)i 
IS 

71V 
99 


45V  82X 

26V  2S! 

MX  71V 

49V  48J4 

70  69V 

17V  17V 

68V  65 

5V  6V 


7V 
6V 
7V 


6 
6V 


19V      13 
26         21V 

103V  JOOV 
84V  63V 
6«         60 

9IV  87 

121V  119 

366"  366" 

300  293 

lao"  13b" 


8 
103 
130 

4V 
lOOV 
113V 

2iV 

46 

50V 
130 

97V 

"a' 

25V 
20 

7 
36 

8X 
16 
74V 
99V 

33V 

23 

71V 

46V 

70 

17H 

65 

6V 

6 

6V 

7V 
15V 
21V 
lOtV 
64 
51 
87 
119V 

306" 
295 

130' " 


Open. 

103 

15 

108V 
103V 
100 
1(16 
112V 

33 

55 

88 

54 
lOOV 

.'18 

88V 
*X 
117 

61 

S4V 

21 

30 
134 
lOOX 

ie" 

57 

10 

loiji 

130 

4V 
lOOV 
142V 
21V 

Mii 
131 

97V 
114 


June. 

BIgh.  Low. 
103       103 
IB         HV 
11.3V    107 
103       lOlV 


100 
108 
116 


100 
106 
113V 


85V  28V 

66V  51V 

41V  35V 

66  47V 

104V  ICOV 

ta  60 

91V  87V 

5  3 

121V  117 

61  .  61 

18V  13V 

34V  -O 

24V  20« 


30 
135 


30 

130V 

lOOV 


20V  16 

65  57 

10  10 

TO  68 

lOSJi  99V 

131V  130 

4V  3 

104V  lOOV 

145  142 

24V  21V 

6iv  48' ' 

136  130 

100  96V 

114  114 


Clos. 

1U3 

16 

nsv 
icav 
100 

107 

1 18V 
33V 
55^4 
39V 
51V 

104 
SO 
91V 
4V 

120V 
61 
14V 
21V 
24 
80 

131 

103 

is" 

6!V 

10 

70 

loiv 

131V 

3Jl 

1C3 

H2V 

23V 

SOV 
133 

97V 
114 


18V 

6V 

S9V 

8X 


76 
100 

88 

23V 

71V 

4«V 

64 

65" 


16 

21V 
lOOV 

64 

61 

86 
119V 

55 


20 
9V 
40 
10 

79V 
100 

42 

26 
79V 
47 
64 


18V 
8V 
88 

4V 

69" 
100 

81V 
22V 
71V 
44V 
64 


65V      62 
i«V      '6' 


I2V 
18 


8 
15V 


2.3  V      21 
101  99V 


64V 
51 


122 
75 


60 
42 

75 

119V 
65 


150 


laO        150 


19 

7V 
38 

S)i 

76  ■ 
100 

89V 
23V 
79V 
44V 
64 

83" 

iiji 

12  i^ 
15V 
23X 

99X 
57V 
47 
80 
123 
75 


193 


Gold  was  maintained  at  or  near  the  highest  point  reached.  The 
chief  Influence  affecting  the  price  was  the  large  export  of  coin 
and  the  prospective  ecarcity  of  supply  in  this  country.  It  was 
not  charged  that  speculative  manipulation  had  much  to  do  with 
the  advance  in  gold. 

OOUBSa  OF  GOLD  IS  twa,  1876. 


Date. 


I   * 

§  2 


Tuesday M16V 

Wednesday..   2: 116V 
Thotsday....  3;li6V 

Friday 4  117 

Saturday 6  117V 

Sunday 6 

Monday •»  117 

Tuesday 8  117 

Wednesday      9 IIHV 
Thuraday...  10  11«X 

Friday II1II6H 

Saturday  ..  .13  116V 

Sunday 13    

Monday. 14  116H 

Tuesday IS  II6V 

Wednesday.  16  llli*^ 


116V  11»V 
ll«Ji  116K 
liav  llrtV 
117  :117V, 
116Vln7V| 


116V 
116V 

1!«X 

mv! 

117     I 


Date. 


116VI117 

n«v  117V: 

116V  117 

:i6V  116  V 

116X  116V; 


116V 
116V 
116V 
1I6S 
..'M% 
116V,116V1116V 


Thursday...  17 

Friday 18 

Saturday  .  ..19 

Sunday 20 

Munday 21  ..., 

Tueaday 22' 117V 

Wedne»day..33lmv 


inv 

117V 
117V| 

inii 


iieviiiBv 
ii6v:ii6v 

11«V  117 


in« 

117V 


117V 
li7V 

iirv 


117Vlll7V| 
l!7Vn7V 

117V  inyl 


1!6X 

n6v 

117 
117  V 
117V 
117V 

liiv 

117  V 

liny 


iThursday  ....24  IHV 

.Friday 25  inv 

Saturday....  26.117V 

Sunday 27|      . 

iMonday 28'117V 

iTuesday 29|U7V 

Wednied8y...30,117,V 

il6V 
113V 

inv 

U4V 
lllV 
114V 


inviiiTViins^ 

117V  117V  117V 

117V  invlinv 


June,  1875.... 
••  1874... 
"  1878.... 
"  1873.... 
"  1871.... 
"       1870.... 

"       1889 IIJ8V 

"       1868.  ...  li9V 

"       1867 |1.^6V 

■'       1886 1140V 

1866 1.18 

"       1881 1191 

"       ;868 146V 

"       1862 10,3V 

S'ceJm.  1,1875  112V 


117  jit7v  inv 

117V  117V  117V 
!ll6Vlll7V  117 

116V!117vlll7 
llOV  112V  111 
115      118«  115V 
113    |114V  113V 

iinv  ii3>i;ii3 
iiov'ii4v  niv 

136V,l:iSVll37V 
139Vll41v!l40V 
136V, 13SV  138V 
137v!l67V  153V 
135VI147XI141 
19  i  ,250  247  V 
140V  148V  146V 
ll03X!l09V  109 
lllV  117V  117 


Foreign  exchange  was  strong,  and  during  much  of  the  month 
was  held  at,  or  slightly  above,  specie  shipping  point.  Tiiere  was 
little  to  affect  rates  except  the  shipments  of  coin  and  the  return, 
of  United  States  Five-Twenty  "called"  bonds  from  Europe 
which  were  considerable. 


STKBLINO  SZOHAHOIE  TOR  Jtmi,  1875. 


60  days. 
4.81V®4  88       4. 
.4.87V®4.83       4. 
.4.87V®4.88       4 

S 


3  days. 
90    ®4.91 
90    ®4.91 
SO    ®4.91 


,4.87  @».87« 
4  87  @4.87V 
4.87  @4.87V 
,4.87  @''.87V 
4.88V13H.87V 
,4.38    @4.e7V 


.8. 


,90  ®4  90  V 
90  ®4.90V 
90  iai.90V 
,90  @4.90V 
,89V®4.90V 
S9V@4.90V 


4.87  ©4.87V  4. 
4.W  ®4.87V  4. 
4-87    ®4-87V    4 


90  ®4  90V 
90  ®4.90V 
90    ®f90V 


Range. 4. 86    ®4.88       4.89V®4.91 


•Cateat  fllauetarp  an&  Commercial  (Engltal)  Neina 


RAI'KH  OK   8VOHj1IV«B  JkT  LONIION,  AND  ON   LUIMbON 
.1  r  LATEST  UATE8. 


EXCHANGE  AT  LONDON- 
JUNK  18. 

EXCHANGB  ON  LONDON. 

OK  - 

TTHS. 

BATS. 

LATBBT 
DATS. 

TIMS. 

BATS. 

Amsterdam... 

short. 

11.19V®11.20V 

Jane  18. 

short. 

12.00 

Antwerp 

3  months. 

35.53V  S26..')7V' 

" 

25.28 

Hamburg 

30.84    ©20.88    ' 

" 

3moe. 

20.45 

Paris 

short. 
8  months. 

35.27Va25.37Vi 
25.53V  SiS.eO 

short. 

2S.29 

Paris 

Vienna 

.... 

11.40    ©11.45     '. 

June  18. 

3  moB. 

111.80 

20.84     ©20.88     i 
20.84    &20.88 

;; 

short. 

20.62 

Frankfort  

20.62 

St.  Petersburg 
Cadiz  

SOdaye. 

32V®32V 

47V@48 

53V@53V 

Smog. 

33  1-16 

Lisbon 

Milan 

Smooths. 

27.3-V@37.42Vi 

aenoa . 

27.37V@37.42V 

.... 

Naples 

.... 

37.37V®27.42V 

yew  York.... 

.... 



June  18. 

60  days. 

$i  88 

Rio  de  Janeiro 

.  , 

Bahia 

.... 

.... 

3u«nosAyre8.. 

.... 

Valparaiso 

.      .      •• 

... 

.... 

Pernambuco . . 

Tuontevldeo... 



Bombay 

60  days. 

U.  9Hd. 

June  17. 

6mos. 

1».  10  l-16<i. 

Calcutta 

U.  9V<t. 

June  14. 

u.  lead. 

Song  Kong... 

.... 

it.  Id. 

June  10. 

4».2V<<. 

Shanghai 

.... 

5..  t>i®Hd. 

June   5. 

.... 

&S.  9Xd. 

Penang 

... 

.... 

Singapore..     . 

.... 

if. 

.... 

Alexandria 

June  16. 

.... 

97V 

IFrom  our  own  correspondent.] 

London,  Saturday,  June  19,  1875. 
The  sanguine  anticipations  which  were  entertained  last  week 
have  not  been  verified,  mor«  failures  having  taken  place,  several 
of  them  being  of  a  very  important  character.  The  suspensions 
are  chiefly  due  to  the  fall  of  Messrs.  Sanderson,  the  withdrawal  of 
that  source  of  support  having  prevented  numerous  firms  from 
obtaining  discount  accommodations.  This  time,  however,  the 
difficulties  have  arisen  not  in  the  iron  but  in  the  Manchester  trade, 
and  in  that  branch  of  it  having  connect'oc  with  the  East  Indies. 
For  a  lonsr  time  past,  it  has  been  admitted  that  our  East  Indian 
trade  was  in  an  unsound  state.  It  has,  it  appears,  been  propped 
up  for  a  time  by  certain  financial  houses,  which  have  undertaken 
the  risk,  although  it  must  have  been  known  to  them  that  the 
course  adopted  must  eventually  break  down,  unless  there  should 
suddenly  be  an  active  market  for  Manchester  good.'*  to  absorb  the 
large  supplies  which  had  been  forwarded  to  the  eastern  markets- 
It  was  only  by  continuing  the  shipments  of  goods  that  the  credit 
of  the  suspended  firms  has  been  maintained  ;  but  it  was  obvious 
that  the  larger  the  supplies  of  goods  shipped  the  smaller  was  the 
hope  that  a  remunerative  market  could  be  obtained.  The  system 
adopted  is  clearly  to  be  condemned,  and  as  it  interfered  sadly  with 
legitimate  trade,  no  great;  amount  of  sympathy  can  be  felt  at  the 
difficulties  which  have  arisen.  The  sympathy  should  be  extended 
to  those  thoughtful' and  legitimate  trades  which  suffer  unexpected 
losses,  and  perhaps  become  embarrassed  through  the  recklessness 
of  others.  Although  the  Indian  market  has  been  far  from  a  favor- 
able one  for  some  time  past,  yet  we  find  that  in  the  first  five 
months  of  the  present  year  we  shipped  128,500,000  yards  of 
cotton  piece  goods,  against  114,498,000  yards  to  Bombay,  and 
818,000,000  yards  against  260,377,000  yards  to  Bengal,  showing  an 
increase  of  about  73,000,000  yards.  Shipments  have  been  made 
simply  with  the  o'j  't  of  procuring  advances,  but  a  break  has 
occurred  in  the  c.a.a,  and  the  folly  of  such  a  system  of  carrying 
on  trade  has  become  at  once  apparent. 

The  names  of  the  firms  which  have  suspended  this  week  are  as 
follows :  Messrs.  Alexander  Collie  &  Co.  of  17  Leadenhall  street 
and  Aytoun  street,  Manchester,  liabilities  estimated  at  £3,000,000  ; 


Joly  3   1875.] 


THE  CHRONICLR 


5 


«  imiiiHwiMii  proportion  of  wbieh  will,  it  it  iut«d,  ran  off; 
Mmmn.  Bktai  k  0>.,  Eaat  1adi»  merclitiitB  of  Rood  Lane,  London, 
lisbiiniea  not  yet  known ;  Umm.  Rainbow,  HoitMrtoa  *  Co.,  St. 
HalMU  PLmw.  UnUlitiea  arttmatad  at  aboat  £190/M0:  MoMn.  Ual- 
eote,  Hadaoa  *  Cb.,  of  5  Croabr  aqoare,  trading efaleflr  witli  paper; 
MiwfB.  A.  OoBMlaaft  Co.,of  Palmaraton  Buildinss.Old  Broad  at., 
Loado*.  tmgtgti  ehitfly  in  th*  8o«tli  AoMriean  trade ;  MaMrt. 
Joha  AadenoB  *  Co.,  of  PliUpot  Laao,  Baat  India  merchanta  ; 
Ma«n.  Btndiaa  k  Co.,  Eaat  India  merchants,  of  Biahopagmte 
•tiMt,    wHk    DAbiUtiea   aatimatwl    at   £300.000;  Meaara.  Hanrj 

I  ft  Soaa,  ahip  and  laaaranee  broker*,  75  Mark  Lane ; 

Toong,  Borthwick  &  Co.,  bill  diaeoanter*  of  33  Xieholai 
,  with  liabilitiee  eatimated  at  £3,000,000 ;  Mr.  C.  Fowlie,  mer> 
eluut,of  LMdcnball  atreet;  Ma«Tt.  Robert  Benaon  ft  Co.,  American 
iimobaali,  of  KioKa  Arm*  Tard,  Moorgata  atreet,  Losdon,  and  of 
LlT«rpooI,  with  liabUitle*  aatlmatad  at  over  £1,000^)0;  Meaara.  J. 
P.  WaMkead  ft  Co,  of  PiceadiUj.  ManehaMar,  with  llabiUtiea  aati- 
matad  at  orar  MMjOOO.  Tbe  eaaae  o(  tka  •lappaf*  waa  tha  wa  of 
aeeoounodatioo  MUa  batwaaD  Alexander  GoIUa  ft  Co.  and  Maaarai 
Waalkaad  ft  Ca ,  which,  by  tha  fallare  of  the  former,  rank  againtt 
tha  aataia  at  Ua  Utter.  The  loaaea  will,  it  ia  atatad,  fall  chiafl/ 
npa«  iiiafiiliaiil*  in  Laneaahir*  and  York4hire.  Meaais.  N.  Alazaa- 
dar.  Sea  ft  Co.. a(  Qreat  WlBehaalaratract.in  the  E«at  Indian  trade. 
aataUialiad  abaat  M  year*  ataoa,  kaT*  alao  aoapended  with  liablli- 
Uaa  aMtaaatad  at  <800j000  ;  aad  tha  bill*  have  bean  retnnad  to 
MaMM.  OeUTiaa,  PbilUpa  ft  Cbi.  of  •!  Oraat  Towaratraat.  Loodoa. 
Meriona  aa  thaaa  faUaraa  aia.  waa  eoalMt  la  darlrad  (ran  tk* 
faai  that  a  rattaa  qraiaa  ol  aoadactiag  liiiliiM  la  baiaff  krokaa 
down,  aad  a  haUar  hope  okiM*  that  oar  aoaaaraa  will  ha  eaniad 
oa  on  a  aoaadec  haai*.  Fortaaataljr,  tha  alata  el  the  Baak  aoeoaal 
la  mUahaoTj,  although  appfahaaaloaa  aatarall/  exlat  that  there 
will  ba  aa  oatbiaak  at  aona  aaexpactad  aoaieBt  la  another 
>  ot  oat  ttade.  Laat  waA  It  waa  baUawad  that  the  com. 
a  bad  ban  toianbl/  wall  pwgad  ;  bai  aaeh.  It 
la«aa,  la  lar  tnm  batof  tha  «Ma.  aad  than  aia  aoaa  who  (ear 
that  thafa  maat  ba  (anhar  tiwaliw.  A  bnak-dowa  la  tha  Eaat 
ladtaa  tfadahaa,howoT*r.laaghaaa  faarad :  bat  tha  Ia^:th  of  tha 
dalar  M  ta  tha  hope  that  rnHtm^  wan  mtmMmg.  aad  that  with 

I  tndlag  aa7  aattoaadMaaltha  woald  b*  avoldad.    Oaa- 

aot,  hewarer,  baaa  azcrelaad.aad  tha  laault  baa  baaa  a 
I  geaafal  eollapaa.  It  aiaat  ba  expaotad  that  a  ittj  aaa- 
tloaa  policy  wU  I  ba  poraaad  ia  erery  branch  of  boalaaaa.  altboacb , 
ao  doabt.  tha  dlSealtiaa  ara  caaBaad  to  tha  Iroa.  eoal,  eara  aad 
Eaat  ladlaa  tnda*. 

Tha  propetttoa  ot  raaarra  to  UabiliUaa  at  tha  Baak  la  aew  4$i 
par  eaat,  agalaal  40}  par  aaat  laat  waak.  Tha  aappljr  of  balUoa 
haa  baaa  aagaaatad  by  aa  aaah  aa  MIS.1M.  white  tha  laaraaaa 
la  tha  naarra  la  m  Maeh  aa  Ci;»U,TtI.  Tha  latal  of  - 
b,M  ilMlil,hi<  by  tUtHMt,  Ikawlac 
tha  fdlasHk  that*  ha*  baaa  ao  pnaMia  at  tha 


Tha  iMaax  ■aiket,  althoagk  aot  aatira, 

•a,  aad  aa  thara  la  laaa  dlapadlloa  ihoaa  ta 

la  oblalaabia  aadar  Iha  Baak  rata. 
aiaiaMlawat 


k  tnaar 
otaia* 

Thaqoola. 


wl    .-aatba-baakWIle        ''•— " 
•  ■oaiWtaak  MUa  ..... 
««a4«w»Bl>i'liBda>ita, 


OMMarkat  latM :' 

Tha  laiaa  af  tetaniit  allowed  bjr  tha  JoiaMlaak 
eooat  hOBJaa  for  dapaalta  lanala 


rercaat. 


itheaaeeate* 
It  boene  vtth 
aaaiMwUfci 


•   aaaaaeaa**** 


re* 

I 


ce.  ....■.•..«•..•••■>.•••...• 

I  aar>  ■(Mice...   _ .c -,_ 

iaaatarl  la  a  atataaaat  aha  wtag  the  praeaal  poalUoa  of  tha  Baa  k 
of  Baclaad.  tha  Baak  rata  of  dlaeoaat,  tha  palaa  af  Oaaaaia 
the  averaca  qaalatloa  for  Bafllah  wheat,  tha  ptlaa  af  lOddllag 
Dplaad  aattoa,  af  Ko.  40  Mala  yara  lUr  aaooad  qaalit], 
■ad  tha  Bhakan*  CUariag  Hoaao  ratora,  aaa  pared  with  the 
fear  ptafioaa  yaara : 

. .«.«..,   iri.        ly.       !«.        ««.        ly. 

•""• •»«:»  ftSftS  !tSi8  \^S,  tJaS 

*"*~~*    —  —  —    MjnjM    ML«tk7l«    I*.M«.»I 
Ujn.*M    M.tI4.T14    l«.T}«.Ti* 

"aTaeSa'aai  "^''~'      '    "'  •  "•••*'   n,liM7<   i^Mtjm 

..^.  riMi.in  tMH.:»  \:jmt,m  njm.tu  iuhm 

.iMntn  HUHjn  njn.]«  ii«b.m4  «j<mh 

^jia-t  .:.•:.::   ■^,1-   ,J*fe   »■&    „,%  ^...S; 

'  rttewJaaeW. 


gMhliUjHi iiL»«.Mr  Wmjm  n.imjm 

^■imaii iMMr"!  *uiW<!  >unjm 

!'*'»"■»'"■• •■  iM»MW  SKai  u,mjm 

mmrw  a(  aaiaa  aad 

aalB itjai.m  luaatxa  i-waa 


The    ratea 
follows : 


of  diseoantat  the   leading   cities  abroad  ara   as 


Bank  Open 
rata,  market 
per  cent,  per  cent. 


BwUa. 

Praakfttrt 

Tlaaaa  and  Trteete. . . . 
Kadrid.  CadU  and  Bar- 

ealooa 

LUbon  tnd  Oporto. . . . 
St.  PeCerabarx 


4 
»H 

"t 

»)t 
*H 

• 
4 
«Jf 


3 
iH 

s 


Bank     Open 
rate,  market 
per  cent,  per  east. 


Tarln,  Florence 
Borne 


and 


LatpriC 

Oeaoa 

OeaaTa.. 

New  Tack.  . 
Oalrntu  .... 
Copenbaeea. 


6 

»)t 

4 
5 

'iii 


The  periodical  aala  of  bills  on  India  was  held  at  the  Bank  ot 
Eni^aad  on  Wedaaaday.  The  amount  allotted  was  £600,000,  of 
whieh  £908,300  wera  to  Calcutu,  £31,100  to  Bombay,  and  £700  to 
Madras.  Tendera  oa  all  Preaidencie*  at  la.  9)1.  will  receive  13 
per  eeot.,  and  abore  that  quotation  in  full. 

There  ia  acareely  any  demand  for  gold  for  export,  the  c'lief 
inquiry  being  on  Spaniah  account.  SiWer  is  rather  firmer  at 
SSa.  |d-  por  -'nnee,  aad  Mexican  dollars  are  quoted  at  SSs.  \i. 

The   following  wore  the  doaing  price*  of   Consols  and  the 

principal  American  ateuritie*  at  to-day's  market,  compared  with 

thoea  of  laat  weakt 

Badm.     Jane  It.        Jane  11 


Ooaaoi* nx(  i 

Ualt*daiBlaa,«B. 1981    107    i  tlOS 

Do       •40raan,«s UM    IM   $108 

Da       la  1884 

Do       U 

Do       (e 

a  8.  ia*T,|*Tl.*4S,«*  laa.  I*  fM.  tl.'U,  •*.. 

■M  ■■■••••(■■•a      ■*•■■••■••••••      •'■*•••■•  _, 

Dafkad*d.Sa....      ttU    iO*Wftlo*x 

DoM.48.le JtM    U4   #I0» 


.1888  taut  Mt 

.180  MB   I  \\M 

.urn  tm^i  losx 

.WM  ^ 


.un   m  ( 


t8M    MO   I    lis 

1881    108 

.■.■.■.■.■.■■.■■.■.■.■.■.'.'.■.IW     48 
aoiXAa  aaana  tMO 
lllMllli  >  TTiiilTiiias  in  " 

Do  Odaort. 

Do  Odmoci 

Atlaatt*  Mlsslwtppl  ft  OMa,  Ooa. 
BaKtaan  ft  FolaaMe  dUa  Las)  1*1  wart,  a 


lOOMAIIOM 
101  Sios 


8» 
#401 


m 
too 


t&  I  tts 

IB 
101 
ilOI 


IIOI 
tlOl 


.WPiaai|ltfflftlLcaltJl8llway).l*tl 

ajrllaw  JerMr.waaanrt..  T* !•! 

Padflc  of  cBUwaftS  lal  mart.,  *e . .  . .  I 
>o           Gall*«i<aftOt«v>a  DlT..  Ist 
ww^^Me  aaU  be^c  k                           ..  1 
DattalfftMDwaake*Mtsie«igr«^i 


Oriilial 
Otanal  Padflc  of 
Do 


48   OBI 

$1,000, TS...IIOI      18   AM  M    ASS 

L.  jilM>,7a..llOI      U   S  14  11    S  U 

-Jii%::::!S  4S  |.S  Mji- 

1*1  Mart.  Oaini     85   S  BT  88   S  88 

n   ttlB  8T  a 

M    Sm  18   S 

M   •00  >t    # 


lUrlalta  ft  Ctadaaail  Kafiwar.  T* 

iiiiisri  Kaaaa*  A  Texw.  let  mort.,  gaar.  RoM 

kaa^  BaiMek,  7e I 

■aw  TaikTiiaia  A  HaauaaL  T» liOl 

■aw  tart  Oealial  A  bfiaalUTW  anrt«.  booda.. 
KwTarilOaalial-^^ 


•1  1 

k«T 

■*  9 

48   1 

«   1 

F 

m  1 

48 

U 

iUM 

UK 

18   ( 

■  n 

1»    1 

M    1 

>48 

*«    < 

TS   ( 

■n 

W    ( 

81    1 

>m 

81    1 

88    1 

n 

MM< 

n  4 

|u» 

oTfti 

88 
04 

M 

•r 

18 
IB 

It 

SI 
T7 

81 

:oo 


fMlaisiplils  A  Baadli^  MB 

DalaaracMeUadanM  let  mart..  T< 1818     IB   I^r 

Oal8araaMelaiiwar.MBorvtice.o-i lan    81  (h 


ADaOboar  TaDet .  gaar.  by  Paaa.  Kj  Co. 
AdaaMftOvWa* ■  - 


.  lawjaiiliarhwi  rcrlp.  1e 
leaaadllBM  rraUl  traet. 7a.  1008 


1«M 


laBwar.  let  Borvtice,  O's 

!4«  ersBLnr*  aoma. 

Itie     84 
saaaul.  sort.,  Blacbof. 

<a».1a 

IrtealleAOt.  W 
Do  do. 

Da  do.  do.  ISn,  7i.il 

B^^  .,  f   ■»        Wlaraaataa..  ti 1010 

Dn.  do.  do.  la,  gaar.  by  Erie  Vr. 

Balttaare  A  Oblo,  8i UM 

Do  la MBB 

D»  aa... MB   lOIMi 

BarllMaa  Oidar  BaaMa  A  KlaaMOta.  Ti IMS     .... 

3uia  A  Vlacaaaea.  Ti ~ 


81    tt84 


ir 

NB 


Ckte^o  A  Alloa  iUrilM  eea 
Obtaaie  A  Padaeak  latftatt. 
OavZad.  Oe;i 


A  Padaeak  l*t  ftatt.  aald 
„Ola.Alad. 

Baliwar  o(  Haasa  ' 

Brta  eoarartlbU  boada,  Bs 

D« 

Do. 


itn 


aaortfaregov.ar*xlaUacbaada.7i.l*«>     M  i  i  70 
dBorl,Ti..  1184     M   I   I  IB 


OllaMaCnaMa^^iiliH8aUurmoiir>id^7i^  n 

'      U  Bridge  lit  awKt.  7i  1000     M 


Ullaoto  A  St.  LoaU       

Da  do.  ad 

DilaalaOMlial.alakla>faad.  la. 
Do.  do         Be. 

mianto  MliTnii  0  Tt —  in  -i—  1* 


7i. 


1900 


iiua    « 

1101     « 
1H8      M 


Lablgb  Valler  oo 

LealarUe  a  NaabTlUe,  la 

MaMpfetaAOUolataorLTa  

■Owaakaa  A  St.  ItaLlat  sort  7i 

Hew Tatk A OMadaTwar. gaar.  bribe Daia-  ..   ^.„ 

ware  A  Badauo  Caaal  aerlt!.  le 1094  08    atOO 

n.  T.  cealial  A  Badaoa  HivVBort.  boada,  an .  im  >»mSiWM 

Hocthera  (Mtrat  B'war,  eooeoL  BMrL,  8a. . . .  IIU  00N&  II M 

■ana*ralBMrtpge.7a 1807  17    AM 

ADeaatar IBM  78   O** 


I '    e(g loeapeaa,  Jaaaary, un,  to^Baasry,  W*,  tncioslT*, 


6 


THE  CHRONICLE 


IJulyS,  187A. 


Bodm. 

PatuujlTmnl*  e«nanl  mort.  t« 1>10 

Do.  cuDsol.  atnk'K  fondmort  (•...  .lOOS 

Ptrktoman  eon.  mort.  (June  Ti)  giuif .  by  PI>U- ^,. 

AReadlnx,  <• "'3 

Phil,  a  Krie  Ut  mort.  (guu.  by  Pucn.RR.)  M. .  1881 

Do.        with  opUoa  to  bo  paid  in  rhll.,  it  ... 

Phil.  A  Krie  no.  Bort.(nMr.  bv  Penn.  RK.;««.19W 

Phil.  A  RaaiUnc  cenenleaniol. 


Imp.  mort.,  6s 


moruto 1911 

1897 


1812-3. 
3.S,2-J9.S!)1 
14,136,839 
8,7S1.4:)4 
1,200,781 
2,l(i«,196 
16,268.539 
5,41S,3t9 

440.073 
15,531 
17,856 
B,8.')3 
2,453 
33,150 
80,306 


1871-5. 

80.405,160 
10,302,i44 

8,003,541 
■IBS.SSO 

2,743.757 
I4,Jf,9,t!l9 

2,624,544 

2,160,333 

15,377 

103,064 

7,968 

5.041 

21,062 

64,807 


Do.  gen.  mort,' 1874,  ecrip,  «'« WX( 

Booth  *  North  AUb«m«boDd», Be.... 86 

at.  lionie  Tannol  let  mort.  (gnm.  by  the  Illinois  „    _  -« 

*  8t  LouU  BridgiB  Co.)  9* 1838     70    9  80 

Union  P«!UlcK.ilw.y.Om«h»  Bridge,  8e..  .  .1M«    ,»8    ©  M 
United  New  Jerwy  R.U«y  »nd  Ceual.  6i  .. .  .1»4     »;  «@  »j}f 

Do.  do.  do.  do.  6« 1901    lOJxaiOl)* 

We  have  bad  Bome  heavy  Tains,  which  have  done  much  good, 
and  which  will  havd  the  effect  of  largely  increasing  oar  supplies 
of  grasB,  roots  and  other  feeding  stuffs.  The  agricultural  pros- 
pect is  generally  good,  but  there  is  a  steady  demand  for  most 
deacriptions  of  cereals,  and,  in  some  instances,  rather  higher 
prices  are  demanded.  The  average  quotation  for  English  wheat 
U  4l8.  lid.  against  61b.  41.  per  quarter  last  year. 

The  following  figures  show  the  imports  and  exports  of  cereal 
prodace  into  and  from  the  United  Kingdom  since  harve.st,  viz., 
from  September  1  to  the  close  of  last  week,  compared  with  the 
orresponding  period  in  the  throe  previous  years  : 
iscroBTs. 
1874-5.  1873-4. 

Wheat cwt.  31,022.116       32,61 1.853 

Barley l;,3!)3001        7,69a.4l4 

OaU.. 7,234,368         8.168,418 

Peas 1.484,841  957.671 

Beans     2,199.218         3,169,665 

IndianCom 12,485,969       13,477.616 

rioar 5,440,1.52         5.292,858 

KXPOBTS. 

Wheat cwi.  186,688  1,949,171 

Barley  165,166  232,3)4 

OaU. 6-),632  f5,298 

Peas   17,7*'  10,428 

Beans - 2,211  2,313 

IndUnCom 44,351  114,493 

Flonr 46.i'70  120,071 

A  report  from  Manchester,  dated  yesterday,  states  : 
The  announcement  of  so  many  larpe  failures  in  London, 
coupled  with  the  suspension  of  Messrs.  J.  P.  Westhead  &  Co.  in 
Manchester,  and  the  continued  rumors  affecting  other  great 
houses,  caused  more  excitement  on  the  Exchange  this  morning 
than  was  visible  on  previous  days.  The  panic  wliich  some 
people  have  been  fearing  lias  not  been  manifest  here,  but  the  day 
has  been  passed  in  talking  over  the  possibilities  and  impobsi- 
bilities  of  the  situation.  Rumor  has  been  making  free  with  some 
of  the  foremost  names,  but  it  could  not  be  authentically  ascer- 
tained during  'Ciiarge  hours  that  any  disaster  was  imminent, 
and  the  afternoon  showed  rather  a  subsidence  than  an  increase  of 
apprehension  compared  with  yesterday.  Later  intelligence  may 
contradict  the  impres.'<ion,  but  more  confidence  was  apparent  that 
the  reports  of  impending  collapse  of  great  Manchester  houses 
have  been  set  afloat  on  insufficient  grounds.  Although  the 
losses  in  the  India  and  China  trades  have  been  continuous,  and  at 
gome  periods  heavy,  they  have  not,  on  the  whole,  been  great 
enough  to  produce  the  looked-for  catastrophe.  It  should  rather 
be  expected  from  the  sudden  stoppage  of  the  channels  of  discount 
than  from  any  other  cause.  Against  this  consideration  is  set  the 
low  rate  of  money,  which  is  now  flowing  quickly  into  the  Imnks, 
and  will  certainly  find  its  way  out  again  to  the  relief  of  those 
who  require  it  and  who  are  entitled  to  it.  In  discussion 
of  tbe  prospect  stress  is  also  laid  upon  the  fact  that  there 
is  no  sudden  fall  in  the  value  of  any  commodities,  while  food  is 
cheaper  than  it  has  been  on  former  occa.siona  when  we  have  suf- 
fered from  panic.  Some  apprehension,  however,  is  felt  as  regards 
Liverpool,  cotton  havinsr  been  but  weakly  held  there  of  late.  To- 
day, tliere  is  little  sign  of  giving  way,  but  a  decline  may  be  looked 
for  there,  perhaps,  with  as  great  justiBcation  as  in  any  other 
quarter.  Of  course,  the  present  complete  suspension  of  business 
and  the  inactivity  there  has  been  here  for  some  time  past,  to- 
gether with  the  timidity  and  caution  now  prevalent  in  making 
deliveries  of  goods,  fill  up  stocks  in  this  market  pretty  fully ;  but 
me  yet  there  is  no  practical  sign  of  weakness  in  the  position  of 
piece  goods,  nor  any  desire  to  press  sales.  Both  buyers  and  sellers 
deem  resolved  for  the  present  to  remain  as  inactive  as  they  pos- 
sibly can.  The  market  for  export  yarns  has  been  completely 
paralyzed  by  the  failures,  no  one  wishing  to  do  business  till  their 
efflrct  has  been  fairly  ascertained.  Prices  are  remarkably  firm. 
Little  or  no  concession  could,  however,  be  made  by  spinners,  as 
the  margin  between  cotton  and  yarn  is  already  very  low,  and 
(tinning  is  carried  on  at  a  considerable  loss.  In  home  trade  yarns 
there  have  been  very  few  transactions  to  day,  and  quotations  have 
not  been  fully  tested.  The  tendency  of  prices  for  all  counts  is  in 
the  buyers'  favor.  The  attendance  at  the  Exchange  to-day  has 
certainly  been  of  a  remarkable  character,  the  news  of  actual  or 
expected  events  having  attracted  a  greater  gathering  of  princi 
pals  of  mercantile  and  manufacturing  concerns  than  has  been 
witnessed  on  the  boards  for  a  considerable  time.  Their  meeting 
was,  however,  for  the  purpose  of  conversation  only,  and  not  with 
A  view  to  business. 

The  directors  of  the  Canada  Company  propose,  at  the  meeting 
to  be  held  on  the  24th  instant,  to  recommend  a  dividend  of  £3 
per  share,  for  the  half  year  ending  10th  July  next,  and  also  to 
divide  a  further  sum  of  £2  per  share,  as  thirteenth  instalment 
toward  the  repayment  of  the  paid-up  capital  of  the  company. 
t  appear*  by  a  comparative  statemeat  that  tUo  receipts  ia  Caaada 


from  the  1st  January  to  28th  May  amounted  to  £57,543,  showing 
a  decrease  of  £30,981  against  1874 ;  and  that  the  number  of  acres 
of  land  sold  and  leased  was  8,047,  against  11,529  acres  in  1874. 

BaxllaU  Marlcet  Reports— Per  Cable, 

The  daily  closing  quotations  in  the  marketsof  London  and  Liver- 
pool forthe  past  week  have  been  reported  by  cable,  as  shown  in 
the  following  summary : 

London  Money  and  Stock  Market. — American  securities  rule 
higher  at  the  close  to-night  than  at  the  first  of  the  week. 

The  bullion  in  the  Bank  of  England  has  increased  £1,519,000 

during  the  week. 

8at  Mod.        Tnes.    Wed.  Thnr.  Fri. 

Consols  for  money 93  5-16      93  7-16    93  9-16  93  11-16    9!  ll-'6    94  5-lS 

"      accotint 93  6-16     917-16    93  9-16  93  1316  93  13-16    94  5-16 

O.S.68(5-208,)1865,old..I06>i  10<>»J        106)f       lOSJi  lOOJf         106X 

"  "  1367 106J4  106>|f         106>i-       106X  106Ji  106X 

U.S.  10-408 104i<  WiX        104Vf      104X  1043i         lOlif 

New  58 Ift3>!i'  1034        iai>i      Wi%  lOj;;         103;*' 

Tbs    quotations    for    United   States  6s  (1862)   at   Frankfort 
were : 
U.  S.  68 (5-203)  1862 99  98',-  ....  93J< 

Liverpool  Ootton  Markit. — See  special  report  of  cotton. 

Liverpool  I3readstu;ffs  Market. — Breadstuff's  close  firmer    and 

higher. 

Sat.  Mod.  Tnes.  Wed.  Thur.  Frl. 

8.  d.  s.    cl.  8.    d.  8,  d.  s.  d.  8.  d. 

Floar  (Western) ¥bbl  21    0  21    0  21    0  21    0  21    0  21    0 

Wheat(Red  W'n.  8pr).^»ctl    81  81  81  81  81  84 

"      (Red  Winter)....    "90  90  90  90  90  90 

"      (Cal.  White  dab)  "92  92  92  92  92  94 

Corn  (W.  ]ni.ted)  S  quarter  31    6  31    0  31    0  .31    0  31    3  31    9 

Pet-8{Canadian)..B  Quarter  .39    8  39    «  39    6  39    6  39    6  40    0 

Liverpool  Provisions  Market. — Beef    and    cheese  are    lower 

while  pork  and  lard  have  advanced  during  the  week. 


Sat.      Mon.      Taes.      Wed.      Thnr. 


e.  d. 


Frl 


s.   d.       8.    d.       8.  d         a.  d 


H.  u.  t'.  u.  8.   Q.  8.  a.  8.  a  a.  a 

Beef  (mees)  new  9  tee 70    0  70  0  70    0  67  6  67    6  67    (i 

Pork  (mess)  new  fbl)!...        72    6  72  6  72    6  73  0  73    0  73    o 

Bacon  (long  cl.mld.)tpcwt    51    6  61  0  51    6  51  6  M     6  51    u 

Lard  (American)  ..."         58    6  60  0  60    0  59  9  6:1    0  59    o 

Oheese(Amer'n  fine)    "         68    «  53  0  68    0  63  0  67    6  57     fi 

Liverpool   Produce  Market. — Tallow   and  spirits  turpentine 


Wed.      Thnr.  Ftl. 

8.  d.       s.   d.  s.  d. 

5    0         5    0  6    0 

18    0        18    0  18    0 

9              9  9 

8  8 


are  higher  ;  other  prices  unchanged. 

Sat.  Mon.  Taes. 

8.  d.  8.  d.  8.  d. 

Rosin  (common). . .  flicwt..    6    0  5    0  SO 

"     (Ine) "        18    0  18    0  18    0 

Petrolea.n(roflned)....1?ga!         9  9  9 

"         (spirits) "            8  8  8              B              B              » 

rallow(American)...S  cwt.  40    9  40    9  40    9       40    9       41    0       41    0 

Cl0TCr8eed(Ara.red)..    '•     37    0  37    0  87    0       37    0       37    0       37    0 

Spirits  turpentine "     22    3  22    6  22    0       22    6       22    6       22    6 

London    Produce    and   Oil    Markets. — Calcutta    linseed    has 

gained  6d.,  and  whale  oil  £1,  while  sperm  oil  has  lost  £1  during 

the  past  week. 

Sat.  Mon.  Taes.  Wed.  Thnr.      Frl.~ 

£   B.  d.  £s.  d.  £   s.  d.  £  s.  d.  £   s.d.   £   a.    d. 

Lln8Mc'ke(obl).|lti:  10  15  0  10  15    0  10  15    0  10  15    0  10  15  0    10  15    0 

Lia9eed(Calcutta) SO  0  60    6  50    6  50    G  6J  6         50    6 

8agsr(No.l2D'ch8td) 

onspot,$cwt 21  0  24    0  21    0  24    0  210         24    0 

Snerraoil Stan.  OS    0  0  98  0    0  93    0    0  97    0    0  97    0  0    97    0    0 

Whaleoil ••     34    0  0  35  0    0  35    0    0  35    0    0  35    0  0    35    0    0 

Unseed  oil. ...$cwt.        24  3  24    3  21    0  24    0  SIS         34    S 


(SDoinmei'ctal  a\iif  MisctWantom  ISlms. 

iMPORrs  AND  Exports  for  the  WfiBK. — The  imports  this 
week  show  an  increase  in  both  dry  goods  and  ireneral  mer- 
chandise. The  total  imports  amount  to  $6,934,666  this  week, 
against  $4,683,961  last  week,  and  $0,386,815  the  previous  week. 
The  exports  are  |5,318,653  this  week,  against  $5,697,019  last 
week  and  $5,672,819  the  previous  week.  The  exports  of  cotton, 
the  past  week  were  8,806  bales,  against  16,208  bales  last  week. 
The  following  are  the  imports  at  New  York  for  week  ending  (for 
dry  goods)  June  24,  and  for  the  week  ending  (for  general  mer- 
chandise) June  25  : 

rOBBlaN  IHFOBTS  AT  NSW  TOltE  TOB  THI  WSIK. 


1872. 

Dry  goods $1,374,907 

General  merchandlee...       6,543,976 


1873. 

$1,185,073 

7,262,758 


1874.  1875. 

$1.432,6M        $1,243,414 

6,213.873  5.686,252 


Total  for  the  week..      $7,918,883        $8,447,831         $6,646,571        $6,!'»1,666 
Previously  reported....     218,414,592       204,655,775        204,507,010       169,812,671 


Since  Jan.  1 $226,.333,475     $213,103,61 


$211,153,581     $176,747,837 


In  our  raport  of  the  dry  goods  trade  will  be  found  the  importsof 
dry  goods  for  one  week  later. 

The  following  is  a  statement  of  the  exports  (exclusive  of  specie) 
from  the  port  of  New  York  to  foreign  ports,  for  the  week  ending 
June  29: 

EXFOBTS  raOK  MIW  TOBK  rOB  THI  WIXK. 

1872.  1878.  1874.  1875. 

Fortheweek $4,817,307        $5668,681         $7,191,644         $5,218,683 

Pievionsly  reported 101,838,340      134,640,920        137,789,033       116,633,.«3 

Since  Jan.  1 $106,650,847    $140,209,601     $141,980,677     $121,751,996 

The  following  will  show  the  exports  of  specie  from  the  port  ot 
New  York  for  the  week  ending  June  26,  1875,  and  since  the 
beginning  of  the  year,  with  a  comparisoa  lor  the  corresponding 
date  ia  previous  rears : 


July  3,  1675.J 


THE  OHUONICI.K. 


Jaaa  n-9tr.  Ctty  of  Mexico. .  Ba 

4m*  »-Mr.  ii«n>»»- Ui 

fit!    »tr  Cllj  el  V«n  CraxJUi 
Ja*M-acr.  Bw*i> Baakwr 


SMsUk  loid  cola 
.SIlTaraiideoUU 


b«n.. 


ti-««^CUM.. 


.Apaatah  «M  oola.. 


111.000 
•0,000 

is.:oo 

buvudeola..  3IT,«8 

aUTOTtanaadcota..  I11,»> 

_  ■•■lltiBBUa..30vtrfeafaaB4cata...  TltJXO 

»-atr.Oi(ja(R>ckJB<Mid.UT«ipaoi .WItot  ban  lad  cola..  MS,aoo 

~    'll.BHwMIt  Uttrpoul American  eoM  cola  . .  m.OOO 

JZm.tia 

fI,OM,US 


Total  for  Ik*  wMk. 


TMilriM 
liBa«a«i 


1,00 t«.n>.«4a 


nn. 


tHNUMiUH. 
.  tTJ)&ni  I UM. 

aMn>u  tWT. 


.  IMM.MI 
.  «i.«8.1S 


Tba Import!  of  apocio  at  Iht*  port  dariac  tk*  p«at  waokiiaTe 
haaauloUowa: 

Maan-«K,T7bw A.Da«iaco  ..UoMeoia MO 

Jaaaia-Mr.Oolaaiba* lUnaa noMcoia «1,M< 

'  -.  -  ,^ 

*»« 

m 
..Anil  ■in ^ttvwailB M* 

KIM 
....       KM 


^aa*  M-t<r.  MoitaMk 


.-SUrareota 
SaidMto... 
..Mlnreuta. 


.Ba«T«. 


«■■•  a-Str.  Oltr  atir.  V Ba« 


tUUM 


Tilalilac*«w.l  Itn... 


UI«. 

ifn. 


lUiMla 


a.nMM 


Mn 9,m.m 

SkTionxu  Tkbaicrt.— Tk*  lollowiaf  fema  praaoalkaua. 
mar*  ale«rtaia  iraakly  trasMatioaa  at  tba  National  Traaaarj. 

I.    gaaariliaa  hald  b/  tba  0. 8.  Treaaarar  ta  traat  tor  NatloaAl 
Baakaaad  kftlMMala  thaTraaaary : 

OMa  Ma* 

Vaak  For        rerU.  8.  .-Mal.la  Tiiaaaiy.-»   Utcai«a 

aadlac  Wnalatlaa    Daeoalla.      TMal.  (Ma.      Camacr.  oatai'd'c. 

JUj  II..  tnjium  i«,Mak««  mi^imMt  wjHjm  ia.*mjm  «jH.Ma 

inij  u.  tm,m»jm»  ii^iimm  «iM»vaoo  it.tHjan  it.:i«.M(  n.m.'na 

JilT  B.  Mlj1,W»  >CUM»  «M.MaMO  Tl.m.nt  l«;JH.irT  t«.aaLIM 
Aa<.  I  .MMKM*  IMaMM  tm.ttkJK»  T1.ltMM  IM*^«0  tUMtM* 
Aa«.  •..  «ri.at.l«    l«.)aMM   WMM.JM     tl.iaMM    KJMJM    aCl«M« 

Aac.  !• .  «MBi,aH  iMOMM  mtjKnjm  Ti.«i^«a  i«.t«um  ttjmjmt 

Aac.  Ml.  MMMiM*  ivmitM  *m.ti»jm  n.M^ii«  i<,fnjtm 

Aac.  ai.  iM.>«MM  iic«T.aM  «w.>i^»a  iMHLMi  tuaawV* 

tf*.  11.  MiaM,iM  ia.«iMM  a«.ia*.«M  mM»,tm  u.' 

gjll.  |(_  ttUtLMt     I^UMOa  MICM^M     TtJIMH    ' 
jaH- Ik- ■UM»»>»   IMtMW   «k4Ml«W    nJCMM 

•aM.M..MUMdat  icua^M  «N^u,tM  Hjte«,ca 

OSTA..  mMlM*    M.4IMI*  4H.1IMM      

(M.  Ml..  g«tM»  W,m,«n  4H.TaiMi  MUMMM 
Oct  n..  MMMilM  1«.«MJM  «M.WtJM  1Mn.ni 
0«I.M..  ■k»1.««    la>UI,««  «»I.W»J—   MlMlkM 

<tat.  St..  aa^jt^iw  !«.&«.■•  ««.<«.■•     

■a*.  T..MMHL1>*  K4*T.«a  4«aiTJM  MjMMW  U««im 
Mi*.  M..  MM*^**  MLItlMi  «R;MiwlM  MLm.ni  MkMAJM 
■•*.«..  MAMltW  IMM,M*  «ajKjK*  •LaR;ai  lAMMn 
M«*.«..m5MLM*   M,«t.M»  4M.MwM*   mMM*    KMUM 

oaa.  •...«M«MM  ujmjm  mtjtm,tia  mnum  ujSum  ... .... 

Paa.  11..  MMImH  Mar.M>  Mt.Wl4M  tT,MiLW  t4jM&«i  tMMiWk 
Baa.  W.-MUMUW   IMTMH  4M.a!,«M   1A,nMN    M.UikM>    M^HklW 

SM.«..UMM.«i  MiMjM  «m.7MM  mMMM  tk^M^Mt  njm,mt 
Jut.  %..  Hk,Ha,Mk  i*.ta,«*  4ai.Ma.«H      

Jaa.    •..  ••MM.^W   M.MrjMa  «U,«U.Mt  IMMLTK    iMNlMI  tl.MA«* 

I«,MMM   «tl.tn.lM  MLlM^Mt    MMMM    MlMMH 

KMMM  «MbMMa»  TtWUMi    M^MMH    n.MI^Ma 

IVMMM   MAU:  MO     ....  . 

•..  MMUM*    MMMW  MMHL4M  mjmjU     M«Mn    MilT^AM 

.M..  HMM.IM   l«.MMM  MAMMkO  «7.kR.M*     MUMO   tt.U*.M* 

.»..  w.Mi,«»  MkMMM  is,iQjn«  iMik.ni    K«n,<n  n.iM.fM 


l«.«iCMI 
l<K«,t*i 
l<.IIT.1«I 


I4.MMM    ■Ml«.«> 
U,m,l«    M,Mll,MO 


tl.( 


jaa^ S".'.  m 


IM  I^IAMW  iMLliljMO  KMMW  tjmjm 

j|«MMJi.Mk   IKUim  Ml»MM  IMMlMi  CM&Mi      ..^^^.. 

kliMMWM    IMIMOf  »t.M«.IM   1Mat,ni  Mfl^tit   •OH.M* 

ifliaMKBa  MjaMM  «(.i«i.tM  mrKM  nuiMi  m.mi,m« 

A»rit  «..  MAMMW    M^MikMi _ 

Af*u  M.  •■^miM  Mumjvk  •u*mb  Htf^  v 

4pC  M  «g;gHg>  IMTTJ«  SiSfSm  MBHS  *•'*•**■ 


tk  .  nMk^kw  iMrt.Mk 
/aaaUL  nillW.Mk  lAMMM  aM.ltM« 


jiaaM. 


r>MM.Mk   IMtT.Wk   M^MMW 


AJICMk    MLMILMt 
M<UkM    M.«iLl«* 


>.— Malloaai  baak  earra*«T  la  elrealatfoa;  tomatloaal  amfraaey 
raea<Ta4  h*m  Ik*  Oarraaay  Baiaaa  by  V.  B.  Tiaaaaiar,  aa4  dla- 


iribatad  wartlr :  klaoth* 


at  of  laffAl  t— 4>w  diatttbatad : 


MtJM 


UMMM 

dtfjiki 


kAOMO* 

M1MW 
A>M.TM 

•.IMjMk 

•mjta       tjmjm 

i,i«.M*  tJSSm 
■vtjm  1H.I — 
\0k3m 


Dw.M a47,10d.ttl  4fS,S00  1.413,(10 

Jan.l M1,9SII.471  31I.400  t,ST8,817 

Jan.  • S47,8ra,ltt  «n,MO  t.0(«,718 

'an.  1« SaO.SM,4«  MS,900  *,46(t,SS8 

Jaa.tS S4&,«OI.0W  SOUOO  S,TCCMO 

Jaa.» S4ft,sn,an  US.TOO  S.t4M81 

E«b.« S4S,0I5,«B  THTOO  8,53M)71 

'•l>.IS S4t,SI0,4«  HI.I0O  S,SM,M1 

S»b.» M«,««.477  •M.aOO  k.448.Mk 

reb.  n S44.»8,47t  tTClOO  l,B0(8S6 

Karebt MUa8,9«T  584,SliO  a.0HLS9O 

March  IS M«,8n,4M  U«.0(IO  3,«tt,Ba» 

March  W 847.40,861  a.891,ltl 

Marchtr M7,041.I0<  (^,800  a,8M.!4t 

Aprils M7,«t,8n  «B,Mn  l,7ur,80S 

ApriltO a4t.l88,tta  

AprU17 848.(81411  700,000  8,1)7.764 

April  tt «4t.TI«,»4l  87000  l,in.l44 

Ma;  1 888,891,888  888.700  1,987,4(8 

Mays •a.4aO,m  S»,M0  8,438,775 

Maris 10O,43a.»  7DIJ0O  1,880,3(« 

Maya SBCOltSa  748,000  l,80S,«0O 

JnnaS Sae,7S0,n>  888,100  8.Ma.n7 

Jaaall »«8LtS7.sa  S«,800  1,MS.8M 

JaaalS Ua,Mt.474  8»7,WW  a,IM,s;( 

Jaaca 84a.408.8M  (80,908  S,4S1,BM 

TroT  k  Mr»ealai4.  Stata  Maaa^r  Praaoott  aamimed  formal 
eoatiol  of  tba  Tror  A  Qracafleld  railroad  and  tha  Hooaae  Tannel 
Jaly  1.    Ii«  ia  to  iiare  hia  bead-qnarten  at  Ureeofield. 

— One  of  the  reaarkable  inventioai  of  the  a(;e  U  the  Yale  Time 
Lock,  to  wbirb  the  attentioo  of  bankera  and  of  eorporaliooa  hav- 
iof  In  ehargp  tba  tafe  kvepinft  of  raluablea  and  secaritiea  ia 
wapectfuUy  iDvitad.  Tbii  lock  la  deti^ed  to  be  oaed  in  connec- 
tion with  otiier  locka  aa  an  additional  aecurity,  and  can  ba  applied 
to  aoj  Tanlt  or  aafa  door  wbrra  there  is  a  racant  ipaco  of  eight 
and  a  half  iachaa  wide  by  six  inchea  high,  witboat  making  a  hole 
through  the  door,  or  la  any  way  changing  or  disturbing  the  other 
locka  or  bolt  week.  The  rooant  robberiaa  by  masked  burglara 
proTe  that  ordinaiT  locka  are  not  lulReient  aecurity  airainst  pro- 
laaaional  bank  robbaia.  An  importaat  point  of  luperiiority  claimed 
for  ihis  lock  oTer  all  other  chronometer  time  locksistbat.it 
ia  tba  only  lock  ia  which  the  hoar  of  locking  aa  well  aa  unlock- 
lag  can  ba.tegtilalad  at  will,  ihia  feature  being  fully  aeenred  by 
latuia  patAak 

—Tba  aUpaaBU  of  eoal  from  the  Kanawha  Valley  region  orer 
tba  Cbaaapaaka  A  Oblo  railroad  amounted  during  the  four  weeka 
aadlaf  Joaa  tt  !•  19,0M  loaa.  agalaat  14,370  tone  for  the  eorraa- 
padlay  period  of  IMI  year,  lowing  an  Increaae  of  S,4S8  toas. 
Tba  rtawand  for  IInh  eoala  inocaaea  aa  their  excellence  for  Tari- 
oaa  aaaa  beccaaa  kaawa  in  the  markata.  The  rarietiaa  are  maialy 
n»  eoala,  eaaae)  entk,  for  enriching  gaa  and  for  domeatlo  uae ; 
block  and  splint  aeali.  for  staam,  amehiagaad  domaatla  pornoaea, 
aad  oibar  klada  of  Mtamiaoaa  eoala,  for  iteaa  and  amltb*  naa. 
A  nyM  <8i(lB|—il  of  tba  trade  of  thia  rich  coal  regtoa,  la 
wtpiatad  fwa  ttfcttaie  oa. 

— MoasT*.  Perkiaa,  MtlngatoB,  Paat  H,  Co.,  are  eflbriag  thebonda 
of  Uaeoln  Park  ol  North  Chicago,  111.    Theae  bonda  bear  aeren 

Cr  eettt  Intertat  and  are  aecnrad  by  a  special  pledge  of  tha  Park 
id  within  tba  llalia  of  the  city  o(  Chicago  ;  theae  are  eatimatad 
at  a  Tklaatloa  of  MjOOO/XX).  The  loul  Isaoe  of  boada  ia  limited  to 
ttOO/BO,  a  laif  ■■oant  of  which  it  is  stated  kar^  beea  aold  In 
Cktaiico.    Tb^  tra  oAted  at  M  aad  acortMd  laiersat. 

—The  old  and  eeaasi  »atlre  baak,  tba  Mkahattaa  BaTlnge  Insti- 
tatlna,  baa  deeterad  ita  forty-alalk  aaalaanual  dividend  to 
depoailora,  at  tba  iMo  of  six  per  east  par  aanom,  payable  on  and 
altar  tbe  tblrd  Maaday  in  the  month.  IVptisita  will  draw  intor- 
eal  boia  tbe  iMof  Jaaaarr,  April,  Jaly  and  October.  The  oflteera 
af  Iba  baak  are  K.  i.  Bmim,  prsaideat,  Kdward  Sehell,  traaaarar, 
aad  C.  F.  Alrord,  laeratary. 

— TIm  Pblladalpbia  *  Heading  Railroad  Company  baa  deelared 
Ike  aaaal  qaartariy  dividend  of  twu  and  one-half  per  cent,  on 
balk  tbe  oootaiaM  aad  prelermi  stock,  payable  on  and  after  tbe 
Wlk  of  Jaly  aesl.  The  transfer  buoks  close  on  Tneaday.  July  6, 
aad  fa  tmrnt  oa  Moaday,  July  19.  All  dlvideada  are  payable  in 
eaak  at  tk*  oAea  a<  the  eomimny  in  PblladalphU. 

— ^Tka  raiiam  Mlinad  Compaay  haa  declared  ila  uaoal  qnar- 
tally  dirtdead  et  tkrea  per  eent.,  payable  at  the  new  olBcea  of 
iSa  wpaay.  7  Naaaaa  atreet,  on  and  after  July  IS.  Transfer 
booka  elaae  July  5  aad  re-opaa  July  10. 

—Tbe  Hkaorer  Fire  loaufaaee  Uompany  baa  deelared  lu  usual 
aaail  anaual  dWidaad  of  Are  par  cast,  payable  after  tbe  1st  of 

■AltaOAOaoaiN^WbslhMyoa  wWi  la  BOY  ot  SIM.,  wriU  Is 

ffrTT— 1  *  CO..  Mo.  1  Wall  sitset.  M.  T. 

mn  AXD  moH  ofmku,  aTaBBr.-A~n«w  ti  pu«  b. 

Iswad,  aaplalalag  aayartoas  awtksis  «»  ae«wtla«.  highMt  aad^low.  - 
Mrff>iai%asai3aSjMerd«CMiw<nOri3ds,s(e..winb«MatrrMt<>>...  ..;. 
Maa»WJOHI<^MlB«OAOO,kaek«i«aad  Wolww,  TlBceidway.  S.  T. 

■TOOU 

OiaR  la  at  tba  !T«w  Tcrk  Stock  Bsete^  boacht  and  sold  by  ni  on  niargln  of 
k'epM  aiaC  ,  _ ■■■■■ 

MaMMMsiBtoaaMlwaMreaatfrasiwaikM  on  aMabatser  Ike  KewTork 
KiaiaiM*  o>  iMaiaOli  partlas.  Lsn*  MMShaTabesaisaUied  Ihtpast  SO 
dSTTat  or  arSSTa- 1«  Ska.- ^  ^ 

BtflMMIst  |1M  sseb,  eeatiol  800  sharss  of  steek  fbr  M  day*  withont  farther 
ilsk.  wklie  aaav  tkassaiid  dollar*  pnitt  aar  ba  gained.  Adrlce  and  InfonB*- 
Usa  feralabsd.  PaaabM,  cnntafalav  valaabia  •tatletlcal  Infonnatlon  and 
♦saMg  how  Wall  amat  epetaUoaa  ir*  esadaelad  suit 

FRXB 
To  lay  addrssa,   OtdMi  sellslled  by  mall  or  wire  and  promptly  exaeatsd  by 
as.   Addrsas,  tUOMDM  •  00.,  Baakar*  r»d  fcoken. 

llo.lW8llitNM)l. 


8 


THE  CHRONICLE. 


[July  8,  1875 


QClie    fiaukera*    Oa^ettc. 


NATIONAL  B.INKS  ORUANIZBD. 

The  United  Slatea  Comptroller  of  the  Currency  furnishea  the 
foUoiriDir  statemeDt  of  National  Banks  orsanized  tlie  past  weeic: 
•>  UO—CitUant'  Mttlontl  itank  of  Aahland,  PeonsvlranU.    Anthorlzed  capita) . 
taOilOO;  p«ld-ln  capluU.  $.1«,000.    J.  H.  Uooin.  President;  George  U. 
HelMch  Uuhier.    Authorized  to  commence  boBlness  June  24.  1875. 
3  m— SmltUeld  Nstlonal  Bank  of    Pltt^bureb.  Pennsylvania.    Authorized 
ctpltal.  $*JO,00O ;  p»U-ln  ciplUl.  $100S00.    Edw«rd  P.  Jones,  Presi- 
dent ;  Wm.  U.  Scott,  Cashier.    Aothorizod  to  commence  bnslness  June 

IWI-Farioers"  National  Bank  of  Franklin,  Ohio.  Anthorlzed  capital,  $50,000; 
paid-in  capital,  $S7,S00.  David  Adams,  President ;  James  8.  Stottten- 
Doron^fh,  Caahkr.    Anthorlaed  to  commence  business  Jane  38, 1875. 

DIVIDENDN. 

The  following  Dividends  have  recentir  been  annonnced : 


CoarAKT. 


Rallroada< 

Berkshire  (quar.) 

Caynga  A  Susquehanna 

Concord  A  Portsmonth 

Oeonrii 

Honsatonic,  pref.  (quar.) 

North  Carolina 

Padflcof  MUsonrl  (qnar.) 

Pinama  (quar ) 

Patcrson  J6  Hudson  River 

Pateraon*  Ramapo 

Fblla.  &  Reading,  pief.  and  com.  (qnar.).. 
Pittsb.  Ft  W.  &  Cfiic,  spec.  guar.  (quar.). 

Pittab.  Ft.  W.  &  Chic,  guar,  (qnar.) 

PittJflold  &  North  Adams 

Portland  Saco  &  Portsmonth 

Providence  &  Worcester 

Second  Avenue  (quar) 

Worcester  &  Nashua 

Banks. 

Continental  National 

Dry  Goods 

Fifth  National  (qnar.) 

Firsmational  of  Jersey  City 

Long  Is  and  (Brooklyn)  

Hannfactnrt'rs'  &  Merchants' 

New  York  National  Exchange 

Pbeulx  Natiinal 

Second  National 

Insurance. 

Clinton  Fire    

Commerce  Fire 

Empire  City  Fire 

Emporium  Fire 

Firiraan'5 Trust 

Hanover  Fire 

UoifmanFire 

Howard 

Irving 

Kings  County  Fire 

Kulclvcrboclicr  Fire 

Long  Inland 

Lorillard — 

Mechanics'  Fire (Broolilyn) 

New  York  &  Youkers  Fire 

Niagara  Fire 

PaciacFlre 

Park  Fire 

Rcpablic  Fire 

RIagewood  (Brooklyn) 

8ur  Fire ; 

Snn  Mutual  (interest  dividend) 


PlB 

Omit. 


Whek 
P'ablk. 


Books  (^obsd, 

(Days  Inclusive.) 


IK 
*!< 
iH 
4 

n 

Hi 

8 
4 

S)i 
SX 
IX 

IX 

a 

5 
5 

$3  60 

< 
3 

ax 

5 

5 

8X 

SX 
7 

10 

5 

7 

5 

6 

6 

5 

6 

6 
10 
10 

8 

6 

5 

5 

5 
10 
10 

5 

6 

1H 

8X 


July  i  to  July  10 


July  7  to  July  18 


July  1  to  July  9 


June  37  to  July  5 
July  1  to  Jnlv  9 
June  26  lo  July  1 
June  33  to  June  30 


June  29  to  June  30 


July  10 

July  1 

June  39 

July  15 

July  10 

July  — 

July  20  July  1  to  July  50 

July  15  July  6  to  Jnly  15 

July  a 

July 

.July  30 

July  1 

July  6 

Jnly  1 

July  1 

Jnly  1 

July  10 

July  1 

Jnly  6 

July  10 

.July  1 

July  1 

July  1 

July  1 

July  1 

Jnly  1 

July  1 


Ondem 
July  8 
On  dem 
Juy  1 
July  1 
July  1 
Ondem 
On  dem 
July  1 
July  1 
July  15 
On  dem 
On  dem 
Oudem 
Jnly  1 
Jnly  1 
Jnly  1 
On  dem 
July  6 
July  I 
Ondem 
On  dem 


Jnly  3  to  Jnly  14 


Friday,  July  2, 1875—6  P.  M. 

The  money    Market  and  Financial   Sltnatlon. There 

is  little  to  notice  in  the  financial  markets  beyond  the  influences 
which  are  usually  observed  with  the  July  disbursements  of 
interest  and  dividends.  It  is  estimated  that  these  disbursements 
in  New  York  will  amount  to  between  fifty  and  sixty  millions  of 
dollars,  and  in  Boston  the  following  statement  Is  from  the  circular 
ol  Mr.  Joseph  O.  Martin,  of  No.  10  State  street  : 

Miscellaneous  dividends  and  interest    *3254ro 

IntereM  on  Ijond" !!...'.'.'.'.     7  .30.?" 909 

Mannfactn  ling  dividends ."i.il" '633'6o6 

Railroad  dividends '.'.'...!!..". I. !!.."'  1  7J»'581 


maining  unchanged  at  Si  per  cent.  The  Bank  of  France  los* 
15,452,000  francs  in  specie. 

The  last  weekly  statement  of  the  New  York  City  Clearing 
House  Bankf",  issued  June  26,  showed  a  decrease  of  $839,975  in 
the  excess  above  their  25  per  cent,  legal  reserve,  the  whole  of 
such  excess  being  $31,396,500,  against  $23,036,475,  the  previous 
week. 

The  following  table  shows  the  changes  froui  the  previous  week 
and  a  comparison  with  1874  and  1S73 : 


-1875.- 


1874. 
June  27. 


1873. 
June  23. 


June  19.       June  26.      Differences, 
tioansanddis.  J375.2n.5O0  $276,707,800  Inc.  $1,490,.S00  $281,791,600  $281,506,600 

Specie ll,6.M..'i'i0       8,847.000  Dec.     2,800,300      19,714,300     27,661,500 

Olrculatlon....  19,142,000  19,016,500  Dec.  12.5,500  26,611,300  27.311.400 
Net  deposits..  231,068,100  2.35,768,000  Inc.  1,699.900  232,929,200  224.040,800 
Legaltendcre.      68.900,200      71.491.500  Inc.     2,591.300      62.923,200      49,119.000 

(Jutted  States  Bonds. — Governments  have  been  firm  and 
steady  on  a  fair  business.  There  have  been  some,  purchases 
by  foreign  banking  houses,  but  none  worthy  of  ppecial  note  or  of 
very  large  amount. 

Closing  prices  dally  have  been  as  follows  : 

June    June    June    June    July    July 
Int.  period.      26.        28.        29.        30.         1.         2. 

68,1881 reg..Jan.&  July.  *!20Ji  •;20'i    121        12!       121       131 

68,1881 conp. .  Jan. &  Jnly.  •12B>i  *:26X  •!265<*126K  •i22X  *!22 

63,  5-20'B,  1862 rcg..May&Nov 118?i 'US         ....  •118K 

6s,  5  20'B,  1862....  coup.. May  &  Nov •118     *118>i  *118     *118     •118« 

68.  5-20'8, 1864 reg..May  &Nov.  •118'i  *1185i    llSJi  *UH%*neii  *U9\ 

68,  5-20'8, 1864. ....-coup.. May  &  Nov.    118Ti  *!I83i  *118J<    118%  'llSJi  *n8X 

8s,  5-20'8,  1865 reg..May  A  Nov.  *120>i    121)i  *lJ0Ji  ♦1203i  *ia0Ji  •120Ji 

68,  5-20'8, 1865 coap..May  &  Nov. 'rjan    1223i    123>i  *122>i '122       122)i 

6s,  5-20'8, 1865,  n.  i.,  rcg..Jan.  &  July.  *liOii  *120;^  •120)i  120X  »120X  *120>f 
68,5-20'8,1865  u.i.,coup,.Jan.  &  July.    Ii4       123^i    12.3Ji    124     •120%    nO)i 

68,5-20'8,  1S67 reg..Jan.  dfcJuly.  *m%    121?,'  *12Ui  •121  >i  •121>i  •121)i 

63,  5-20's,1861....  coup.. Jan.  &  July.    125'^    125),-    U^H    125%  •121% ''.sa 

63,  5-20'8,1668 ref-..Jau.  &  July *121K  *121%  *121>.-  •121X  'laiJi 

63,  5-20'8,  1868 coup  .Jan.  &  Jnly.  *12i% '124% '125     *125     *121)<  *121X 

58, 10  40-8 reg.. Mar.  &  Sept.  •117%  *117Ji    117%  ^117%  •117%    117% 

5s,10-40'B conp. . Mar.  &Scpt. '119     •l^     •119     •119% '119     •IW 

58,  funded,  1881 reg    ..Qnarterly.    118       117%  ♦117%    117%    117%  •117K 

5s,funded,1881,.. coup.. ..Quarterly.  •118%  119  118%  •118%  •118%  llSfJ 
Bs,Cuircncy reg. .Jan.  &  July.  •122%    122%  •mx    122%    122^*132% 

•  This  Is  the  price  bid  ;  no  saU  was  made  at  the  Board. 
The  range  in  prices  since  Jan.  1,  and  the  amount  of  each  class 
of  bonds  outstanding  June  1,  1875,  were  as  follows: 

, — Range  since  Jan.  1. — .   . — Amount  June  I. — . 
Lowest.  Highest.     Registered,     Coupon. 

6»,1881 reg. .118     Jan.     5j  122%  May  261193,328,850 

68,1881 coup..  113%  Jan.     8|136%Junel7 

68,6-20'8,  1862 coup  .  114%  Jan.     2  118%  Apr.  13 

68,5-20'8,  1364 coup..  116     Jan.   Il!l21      Apr.  27 

"     5-20'8,18''^ coup..  118%  Jan.     8il22%Junel8 

'  8  124>^Junel7 

9  ^ 
9 


Total-July  llgrc $9,889,.M0 

I  Pi'iSi? 9,918.409 

■'t"'^    '}?.^i 9,117,378 

•?'?••  l^IJ 9.695,675 

J"'>'    'J^S 10.130,093 

Jan.  I,  iHj.i 12,083,034 

As  to  railroad  dividends  the  circular  says  : 

••  Railroad  dividends,  for  a  long  time  the  steadiest  on  the  list,  be^in  to 
break  and  our  10  per  cent,  stocks  are  gradually  fading  away.  The  Connect- 
icut Rivir, which  has  divided  S  percent  semi-annually  for  the  past  seven  year" 
now  drops  to  4  per  cent ,  and  the  Worcester  &  Nashua,  payin"  10  per  cent' 
the  past  «vc  year*  comes  down  to  8%  per  cent.  The  Boston  &  Lowell,  au 
old  standard,  which  has  missed  but  one  dividend  during  twenty  years  is 
compelled  to  pass."  'The  Honsatonic  Railroad  preferred  will  nay  its  first 
.juarterly  of  2  per  cent.,  July  10,  at  Bridgeport.  Conn.  The  New  Yo?k.  Provi 
York""  (Stonington)  pays  2%  per  cent,  quarterly,  July  10,  in  New 

It  is  sometimes  suggested  that  nearly  all  the  money  thus  dis- 
borsed  is  again  re-invested  in  securities  or  in  some  other  shape 
but  this  conclusion  must  be  far  from  correct,  as  many  holders  of 
Blocks  and  bonds  depend  almost  entirely  on  their  income  from  this 
source  as  a  means  of  living.  It  would  probabiy  be  a  full  estima'.e 
to  9«y  that  one-third,  or  at  most  one-half,  of  the  money  disbursed 
for  Interest  or  dividends,  comes  again  on  the  market  seeking 
investment  in  securitieg.  c.x.i.f. 

Call  loans  are  as  easy  as  ever  at  2(32 jr  per  cent.  Commercial 
paperisashadefirinerfor  long  paper  as  the  season  advances; 
quoUtions  are  still  4  to  5  per  cent  for  prime  grades  of  short  date 
but  wo  have  heard  of  a-sale  of  paper  due  in  January  next  at  6 
fow^°  '""°*'  °*  '^^  ^'^^  *™*  '"'^'^  perhaps  sell 

In  London  there  have  been  a  few  more  failures,  but  none  of 

^itnfifn        "^'f '.'"'k  \°."»«  ^«?k  ending  Thursday  the  Bank  of 
England  incased  its  bullion  by  £1,549.000,  the  diswunt  rate  re. 


,5-20's,  1865,  new.conp..  117%  Jan. 

68,  6'-20'B,  1867 conp..  118%  Jan. 

6s,  5-20'e,  1868 coup..  118     Jan. 

58,10-40's reg..  11.3%Mch.    5 

5s,  10-40'8 conp..  113%  Mch.    4 

58,  funded,  1881..  ..coup..  n35«;  Jan.     2 
68.  Currency reg..  117%  Jan.    4 


2.1%  June  25 
125,'3  Jnne  18 
118%  June  18 
119%  June  7 
1 19  June  -28 
124%  Apr.  24 


3,067,100 
26,888,100 
33,737,000 
68.107.9.50 
88,613,2.50 
14,183,000 
141,614,900 


203,358,150 
64,623,512 


89,407,500 
82,481,060 
32,704,700 
118,747,350 
144,655.150 
222,01)9  5(0 
23,291,009 

63,05MC0 
192,448.300 


Closing  prices  of  securities  in  London  have  been  as  follows : 


Jnne      Jnne     July    , Since  Jan.  1,  1875. — 

18.        25.  2.  Lowest.      I     Highest. 


O.  8.  68, 5-20*8, 1868,  old  ..  I  106% 

U.S. 68,  5-20'B,  1867 106% 

0.8. 58,10-40's m>4 

VewSs I  103% 


106% 
106% 
104% 
103% 


106% 

104% 
103% 


1065i  Apr.  221  108%  Apr.  9 
106%  June  181  109%  May  5 
102%  Feb.  13  105%  Feb.  6 
102      Apr.  131  103%  June  24 


State  and  Railroad  Bonds.— The  principal  bu.siness  in  South- 
em  State  bonds  has  been  in  Tennessees,  which  declined  to  40  early 
in  the  week,  and  to-day  sold  back  to  47}.  The  coupons  were  not 
paid  July  1,  and  nothing  further  is  known  of  the  prospects  of  pay- 
ment; the  default  is  certainly  a  great  misfortune  to  the  State.  The 
Virginia  Commissioners  have  given  notice  that  2  per  cent,  will 
now  be  paid  on  the  coupons  of  consolidated  bonds,  due  July  1, 
1874,  and  2  per  cent,  on  two-thirds  of  the  face  of  old  bonds  never 
consolidated.. 

In  railroad  bonds  there  has  been  a  more  active  business  at 
higher  prices.  The  Pacific  bonds  have  been  especially  strong 
and  active.  Union  Pacific  firsts  selling  to-day  at  103i  ex  interest, 
about  equal  to  107  with  interest  on,  land  grants  at  100,  and 
sinking  funds  at  95^,  the  latter  having  4  per  cent  interest  due 
Sept.  1.  Other  good  bonds  have  also  met  with  a  fair  inquiry,  and 
witli  the  present  higli  prices  of  Governments,  it  is  evident  that 
there  will  be  a  considerable  demand  for  sound  railroad  securities 
to  re-invest  some  of  the  money  paid  out  on  the  July  disburse- 
ments.    The  following  securities  were  sold  at  auction  this  week  : 

Prices. 

400  shares  Brooklyn  City  and  Newto^vn  Railroad  Company 20 

$350  Central  New  jersey  Land  Improvement  Company  dividend  scrip.  30% 

$17,000  State  of  Alabama  8  per  cent  bonds,  due  1S92 17% 

$30,000  City  of  Houston  (Texas)  10  per  cent  Funding  Bonds,  dated  Jan.  1, 

1873,  due  Jan.  1, 1903.    In  erest  January  and  July 20 

$5,000  City  of  Houston  (Texas)  Road  and  Bridge  Improvement  10  per 
cent  Bonds,  dated  Jan.  1,  1873,  due  Jan.  1,  1903.    Interest  Jan. 

and  Jnly 22 

$3,000  City  of  Honston  (Texas)  Road  and  Bridge  Improvement  10  per 
cent  bonds,  dated  Feb.  1, 1872,  due  Jan.  1,  1902.    Interest  Jan. 

andJnly  36 

Daily  closing  prices  of  a  few  leading  bonds,  and  the  range 
since  Jan.  l.have  been  as  follows: 

June  Jnne  June  June  Jnly   Jnly    . — -_ Since  Jan. ! 


26. 

23. 

29. 

30. 

1. 

2. 

68Tenn.,news... 

4? 

47X 

46 

•46  K 

4iW 

4iX 

6«N.Car.,oId.... 

•20 

"20% 

•2(1 

•20 

•2U 

•20 

•sN.  Car.,  new... 

•n 

•i; 

•It 

•11 

•U 

«6  Virg.,  consolid 

•65 

•65 

•64  K 

•65 

•63 

■I64X 

do        2d  series. 

•43 

•47  V 

•J7K 

6sS.C.,J,*J... 

>3-i 

•31H 

•34  « 

35 

33 

•85 

68  Mo.  long  bonds 

•Wi}i 

•1113 

•103 

"XIOO 

too 

N.Y.C.&H.  I8t78 

•ins 

•lllV 

■xUl 

•115 

C.Pae.,gold6s... 

lOBH 

10«V 

106H 

•106  S< 

xmj 

103X1 

Un  Pac.lstes... 
do     L'dGr't78 

lIKi 

106% 

lotiK 

VXH 

Xl03 

103 

i»»« 

99% 

•99  « 

1«« 

m\ 

100 

do        B.F.88.. 

98  ik 

91 

94 

B4H 

95 

9.)H 

Kriel8tM.7B 

•102  s 

•10J^ 

•102K 

•102K 

"102 

N.  J.Cen.lBt  7fl.. 

•112i< 

•ll-'(« 

112V 

•112V 

Ft  Wayne  Ist  7s, 
RoCiClsldl8t78... 

-IIS 

•IISK 

•IISX 

114 

•xlU 

Ills 

•110?< 

•llOif 

•now 

'im 

XlUjH 

ion 

C.  &>;.W.gok|-s 

81 

81 

■81 « 

82 

82 

bis 

•ThlBisthepricebld.nosaKwasmsdeaiine  Board 

Lowest. 
44  Jan.  27 
20  Mch.  2( 
11  June  12 
55X  Jan.  26 
36  Mch.  23 
30  Jlch.  20 
94  X  Jan.  14 
lllVJan.  18 
92J,  Jan, 
«0  Jan.  6 
90  Jan.  e 
841%  Jan.  5 
10,1  May  29 
Wlii  Feb.  1 
106%  Jan.  7 
lOS  Jan.  5 
79    Juno  15 


Highest. 
55%  Jan.  6 
29  Jan.  18 
16  Jan.  7 
6;ix  Apr.  3 
45  June  7 
33  Jan.  2J 
103%  June  23 

117S  May  17 
106  V  June  28 
106%  June  80 
100%  Mch.  3 

96%  July  2 
107),  May  6 
115  Apr.  9 
114  Jnne  30 
111%  June  5 

87V  -May  10 


Jaly  3. 1876  ] 


THE   CHKONICLE 


Ballr«a4  ■■<  m»rellaa««aa  ■(••ka_TlM  Mo^  market 
haa  beMi  Tsiiabla  on  a  fair  aiaoDiit  of  baaiaaak  WeMarn  Union 
Telcffrspk  awl  Pacific  Mail  hmwa  been  the  stronceat,  tbe  former 
ia  eaiiaei)iieaee  of  tae  aaeceaa  met  with  in  placing  all  ita  bonds 
tmamg  a  few  wMtltliy  parties  at  99,  and  tbt?  latter  hj  reaaoo  of 
the  apecalaliTe  moremeot  baaed  on  tha  new  arranirementa  ol  the 
wpapy.  Lak"  Shore  baa  been  tlMwaakeat  spot  in  the  market, 
aa  the  Aofvat  dividend  baa  bean  paaaed  on  tha  atrenf^tb  of  the 
loliowrng  ofldal  report  of  the  Andiior  for  the  aiz  months  endintr 
Joljr  1,  made  at  a  tnaatiaf  of  the  BzeentlTe  Committee  held 
Thonday: 
0*oeiai»«to«« tMIUW 


Ket     _ 
latwMtea 


Ub*.Umtfat 


able  Aag.  1,  vn,  om  laaiauiaej  ilntb. 


road*,  aad  ilTtdead  p*7' 


~ I*!,** 

Tba  loia  la  raralac*  eompand  with  the  tiat  half  of  1874  ia  aa 
f oilowa : 

IJ-MHTIT 

•  •■••>••      ••■■•■•■■•• ae  ••«•■  •  iVIf^OT 

a  ••■•••••■••*■•••■«•    ■■>•.>  UDt***B 


TtM .        

Tha  kai  <m  treight  ia  made  ap  aa  lolloara : 

lailaatlaa  la  *il»«i  a»  Mr  e»atV  . 

«M|ilCM««bartaaaa4aa*44l  pw  cent) . 

To«»l 


$t.lMJIi 


Tha aTcra(e  fateper  ton  par  mlia on fraijrhl baa  bees— In  1975. 
XJm  etaU;  la  1974.  1. 187  eeata.  The  coat  ol  ateel  raila  la 
•xeaaa  el  tke  valne  o(  the  boa  (or  which  they  were  Mbetl- 
talad.  darla«  Ika  ais  moatha.  la  laeloded  ia  eperailaf  aspeaaaa. 
Tka  aoaipaay  kaa  aaenrrd  all  the  aiaal  Iraila  that  wfU  be  r«. 
oalrad  darlaf  tha  reM  of  lb*  year,  aader  a  eaaUnd  U  paj  for 
thaa  ia  old  ifisa  rail*  which  are  now  on  band,  ao  that  ao  axpaa- 
dllare  of  moaejr  will  be  nieuaiafy  for  tUla  lmport»at  UeM. 

Towarda  Iha  alaaa  •(  bnilaaM  the  'oae  waa  c'actallT  atcadr. 
The  Slock  Inkaaffa  a^oataa  aa  Batarday.  at  13  M  .  aad  Xo«lar 
ia  obaarred  aa  a  daaa  hSlldar. 

Vbrihajporpeaaor  ahadbi^lhetaul  traaaaccloaa e(  the  week 
la  iha  laadlac  alaaha,  we  haTaeompllad  tha  laMa  tollowinK ; 
r^eUc      Uke    W«M-a  OUc  *  Oetia    Okie  * 

'»• H-J"    "Mg   UM  turn  »m    tjm     i.«n    »,r» 

:  S ::.:::;  ^  SS  SS'tsSnj:   iS  tS 


Ttm     t.MI     MM     »M      Mta       M 

tMM    \.m»   iTi   *jm     itw     m 


_Te<ai aajH  an.tm  »t»jm  njm  lUM  M.:aa 

Tha  laai  Haa  la  th*  piaaadlag  labia  alwwa  Iha  total  aambar  of 
aharaaof  aaah  af  tha  alaihik  aaw  matmmmMatC.  m  thai  It  aaj  ha 
aaaaMaciaaaa  what  Mapaatfea  al  tha  whola  aiock  haa 
tanM  erar  la  tha  weak. 

Tha  dally  hlRliaai  a«i  towaMartaaa  ham  haaa  aa  Mlawa 


a.r.c«a^ajt  :mm  »i 


'M        .... 


— The  lattat  aantafa  abtaiaahia,  aad 
Ulaal  dataa.  an  aaMlowa: 


*•*- 


•  Ill.f14 

i.ivTjga 

T.ltl 
U.tH 


Km 

1«,«TI 


VKtH 

•n.t" 


*t.4n 
nun 

MUU 

mm 

tt.aM 
!i.«ea 


«.i*i.«oa 
•Mail 

iaiH» 

t.mjm 

MUM 


HN. 

«.•«:.»• 
fiLtn 
tit.nt 
UMn 

tjKCm 


i.ntj« 

MMSI 


sst 


.  *  ft  F*.  MoBlk  of   Apr 

^  a«a.  .  ..MMtb  of  H^ 
nMc,Baav.*VI'e.lloaia  of  Mar. 
4)lB^lafa^  *  CM*..  M  ««ek  tUmrn. 
Omnm»M.Onmt».M  veUafJaM. 

4eanta       Moaik  of   Mar. 

IMIaab  OaMMI  _ .  Maaik  tl    Mar. 

I.  a.  «  W...  al  wMkoT JaM. 

,i.Qb*Lar.  Mnalk  of   Mar. 

I  *a«. Monk.  Moat*  of  Maj. 

iNaMk Moalh  af   May 

■atATei...  Moaife  af    anr. 

tOWe MaaUi  of  Mar. 

I  AT.  ■..  M  awkof  Jaae. 

kt. U I  MLAtaalk, M iraak .4  Jaac 
g-  kdt  J'Jiill"  •  **  ■e'k  ef  Jaaa, 

St.raal*aoir>(.Moetkar  Mar. 
Oatoa  r«««9  MnT.n,  r.r  t,*-. 

TMaSo..   ••    .       .  .Mwma  pretty  ataadr 

*B"  X"  i  lAi.  un<lT  the  latfoaaca  of  TNMary 

alalNinaiD''!  '.Ui?  dectrajed  abipniontaof  eoio.and  theanaooacc- 
wmA  9i  the  «ale  af  «|,O0O,O0O  rol.l  l.y  the  Treaaary  dartag  Jaly. 
Mamaatly  the  prica  nitaatd  op  to  lt7J  at  thacbaa  oa  Thnfn 
day  aad  117^  to  day.  Oa  gM  loana  tha  miaa  ware  Ughrr  for 
aaa  to  tha  early  part  oltha  waak,  laaehlag  1-M  par  day.  but 
to  day  tha  lanaa  were  1,  S  aad  S  par  eeat  for  earryVag,  aad  alao 


tun 


MLtn 

11MH 


nuBi 


aai.«i 


flat.  The  specie  shipmenu  thoa  far  haTe  been  only  aboat  $8S0,- 
000,  with  en^gemenu  for  to-morrow'a  steamers  reported  at 
♦1,500,000.  At  the  Treasury  sale  of  $1,000,000  on  Thursday  the 
total  bids  were  (3,475,000.  Customs  receipts  of  the  week  were 
fl.646,000. 

The  following  table  will  ahow  the  eonrae  of  gold  and 
eperatioaa  of  tha  Oold  Exchange  Bank  eaeh  day  of  the  past 
week  : 

t{aotalloni.— . 
■  Low-HlRh-Clca- 

.      atu     wt.    Ine. 

<atardar,  Jane  t«....inK  ins'  tnii  II'V 
■eadar,  ••  W.^.tlTM  Hi  HIH  Utii 
Taasdar.  "  t9....u:K  inx  Il'V  tlU< 
Vsdaeadaj.  "  3D....UTK  llS't  U1<^  117 
Thandar,  Jair  i....lM»  ilia  li;>,  117^ 
fiMar,       -    1  ...m    r.T     u-in  inx 


%• 


Toul      . Balance* , 

Clrarinr*.       QoM.    CarrenrT 

•^m.000  ts.9as,ta5  $4,s«,4«o 

81,314.000  l,aM,OaO  1.0(0,314 

1S.«01.000  I,03«.0B8  t.tOS.7n 

«3.WT.OOO  *.l5S,ia8  l,874,US 

OtOOI.OOO  l.llt.tKi  l,iRR,443 

ao,OM,aao   i,8M,m  t,i«3.i75 


Onnatweek 

narlaea  week 

Jia.  i.  tan.  to  dau 


..IITM  1I«K 

.inS  iitx  vnn  inx 


nii  117.',-  tan.trrooo    $ $.... 

17M  llTIi     »M,0«l.aaO     l.tl9,36S     l.tM.'OI 

lUX  IIIM  >I7H  11-).'  

V*r«lga  BxekaaKe.— The  rates  for  Kxebange  were  lower  at 
the  dose  of  last  waek  and  opening  of  this,  in  oonseqaence  of  the 
higher  rates  on  gold  loans  and  the  apprehension  of  a  poMiiblu 
acaieity  of  caab  gsld.  Afterward  there  waa  an  increased  firm- 
nesa  as  the  gold  market  relaxed  on  the  prospect  of  an  in- 
creased sapply  of  gold  to  be  thrown  on  the  market  in  the  month 
of  Jaly.  To  day,  WiiBeaB  waa  dull,  and  the  rates  for  artual 
baalaeaa  to  priaia  Harllng  were  about  4.87  and  4.00  for  Iouk  and 
short  bills  reepactlvaly. 
Xomlnal  qaotatlaaa  are  as  follows  : 

-Juirt- 


rrtaafcaakars'ti 


is'ttarttaeMII 
baakaTla.. 


Pkrla(fiaaes).. 

Aa«a«n(fmac*).. 

■wlasinnaaert..... 


•Odara. 

«.r  mt.fnH 

4.IS    I*.MM 
I.ITMio.MM 


rraakfert 


■.IT 
4CJt 
•*S 
MS: 

The  traii««etloaa  tor  the  weak  at  tbaUaatoia  Bouse  and  8ub 
rroaaarr  haTe  beaa  aalollows: 

Cwtsaa    »  Bak-Traaaary. 

Boaaa      «  BscalpU. ,  . PajoMala. 


Sdajik 

4.»1   94.00>« 
4.tSM(  AM 

4.ta  I  I4.00W 

k.UKi  A.lOX 

i.i4.s(  a.uit 

41«!  I    4I« 

»XI  I  MM 
MK<  I  MX 
«*i8  mS 


MssitlML  Oold.     '  CairsDCT.  Oold.'        Corranrr 

laaaM. tS^  9^^1Tf*l  ' .kllK'^  i?  *M*I< 


I.74I  I 


(7  tl,i>lo.>M  *• 

440.aM  40       ni.017  w 


a-jri. 


mjm    MOI.M*  r,      nrjao  m    umloh  it     OH.aM  it 

l«,OI>      I,0«H.1*I  **     l.l«>,«0  M    MMiM4  M       Ml.ni  M 

I.00MI4  II     nun  n   i,«m,»ii  n     uo,mt  m 

t.»ii,«is  M   MiTjoa  M   i,tT«.m  n     nB.9n  40 

MM.4II  M 

ii.«Hm  u 

IUa«,«Hn  MJOMMM 

■Ma.— The  following  sUtement   atiows 


...„«1.04^t 
iaa^B 


tJMiMT  M  i0.r7«,nD  It    «,M4.i&a  n 
njm  m  u  tuaMM  m 


Jal/t 
MawTark  Clir 
thaaowlltloa  of  tha  AaaooMlad  Banka  of  New  Yark 

aadlag  at  tha  coMMaaoaMsat  of  bnaineaa  ob  Ji 


Wty  tor  the 
one  26, 1875: 


•TaaAaa  ABonrr  er- 


IMal Mt,4MJHIi:<.»>JM0  f<JM7i»  rr..W.«IO  l«.7«Jn)  IIIA<.»)« 

The  deriatloaa  from  the  rataraa  of  the  prarloao  week  are  »n 
follows : 


KSTf 


-lac.  ILMtmi  Ktl  0«pMIU.' 
J^mloirealatloB..., 


::fe: 


....tae.  |IJN,IM 
...Bm.     lis.m 


10 


THE  CHRONICLE. 


[July  3, 1876. 


■••t*a  Baaks. — B«loir  we  give  a  statement  o{  the  Bo8to» 
National  Baoka.ai  returned  to  the  ClearioK  Bouse  on  Monday. 
June  88.  1875: 

-        ■  -  -  .         . r. ...        f.,f„„| 

t>3».sm 

6S8.HU 
MS.ilH 

u;.M) 

781.6  0 
468.800 
MH.WO 
140.801' 
8*1.200 
3,^1.0,10 
SKM) 

•air>ou 

438.MXJ 
!40!U0 
34!I.«X; 
HUXXI 
838.500 
:,8i!1.S0l; 
173  50U 
-iB.TX 
638,600 
311,1011 
5l«,«l'tl 
■nil.  100 
943,600 
?  «,O0O 
14il,SW 
594,606 
58!.aiC 
614.0J(i 
43S.200 
IM.SOO 
545.4l« 
553.'J.I0 
667.3110 
985.000 
800,000 
408.1i:0 
381.1W 
65a,3(lO 
94l,10C 
7!>4,IUC 
n3.S(10 
524.«il0 
416,500 


BaaKt. 

Capital. 
t7M.M« 

Loan*. 

Specie.  L 

,T.  Not«6 

.  Oepoflta 

AtUnllo. 

tli'MM 

«».« 

$62,200 

U3S,:(io 

Atlu 

I.MOJXK 

LOU.tOO 

ino 

83.4;fl 

1.(199.500 

BlMluCoa* 

i^aofiM 

tJUi.lKO 

11. em 

299.700 

2,ax).>.fo 

Boston M... 

1,000.000 

i.Oi.*IK 

4,a» 

91.900 

Bojrlitoa 

1W.0OO 

lJlt,WO 

17JJU0 

19.000 

100.000 

4M,(00 

»soe 

soo/no 

I.OOOWO 
I.OOOaXIO 

1.01)1,1100 
I.9-3.4M 

4,000 

114.400 
87^0 
153.400 

SSl.TOO 

CoaUOADtAlM. 

697.a)0 

Bllol 

ijno.<iao 

8.4irJ.30O 

10,6X1 

15IJ00 

Bitarett 

400.000 

IMViW 

4,''.00 

66.100 

6.-.8.900 

rananllHall 

IJ)00.000 
B0O.0OO 

J.SSS.IllO 

SO3.00O 

1,21J.*0 

i,«;:9oo 

1,900 

7*,«« 

.55!.!  00 

Olob«  

1,000,000 

a.iW.uo 

liejW) 

;9J,200 

Hamilton 

7SO.000 

;.70t,voo 

21,7U) 

t6.100 

749.700 

1.000,000 

J,l.«.5O0 

600 

136,60J 

810.5J0 

100,000 

lOM.OO,! 

88,;oo 

651,700 

MuKet 

aooMt 

I.T.\700 

6,700 

9J.II00 

;6-l.lOO 

800.000 

1. 994.700 

»9.soa 

63.300 

863,700 

MaTsrIck  

400.000 

1.SB.9H) 

1.800 

1I4,9W 

821/00 

Marnbanu 

g.000.000 

I0.43J.4l<u 

91,100 

'•"iS'SS 

6,416,400 

Mount  Vernon  

100.000 

•IS.JOO 

92  80U 

ss;.»oo 

(f«T  BnKland 

t  .000.000 

1.S14.700 

22.300 

n.t'JO 

757,100 

North 

1.000.000 

8.,3i.9(0 

16.3U0 

259.600 

1.95':  ,500 

Old  Boston 

900,000 
l.OOO.OOO 
1. 000,000 

W;  5.500 
■.>.«36.miO 
3,',(S.9U0 

35.100 
7.7l,'0 
l.MOO 

197.000 
175.800 

;7i70« 

1.085.7(0 

8.90.100 

Slio*  *Leatlier 

1.401,900 

State 

1.000,000 

1.900.000 

600.000 

1.000.000 

aer-Too 
s.^ei.spo 

l.:»4.400 
3.419.0;  U 

;2.-!oo 

4,100 
il.luo 
S7,700 

e2.«oo 

113,400 
57.i00 
18«.9>0 

1,020.400 

BadTolk 

9O8.90O 

Tradari 

775.3J0 

Tremont 

6411.1 00 

Waiblnfton 

750.000 

S.O16.6U0 

1,700 

las.ouo 

-.•6.9(XI 

Flrit 

1,000,000 

4.083.701' 

900 

261.500 

1,171,900 

8Mond(Oranlte)... 

1.600.000 

3,996,000 

92,600 

270.5t0 

l.WO.TilO 

Third 

100.000 

l.:i6.'.oo 

37,000 

«7.:oo 

819.100 

Bank  of  Commerce* 

1.000.000 

».!48  .100 

1,IW 

496,900 

2,  4.i.200 

Bank  of  N.America 

1. 000,000 

2.099.700 

8.000 

H1.300 

7H.600 

B'k  of  Redemption. 
Bankor  Uepnbllc... 

1.000.000 

4,3.7.«W, 

22,(00 

451.200 

633.CIJ0 

1.900,000 

J.118.800 

148.7IW 

696.5(10 

OommonweaUh 

900,000 

3.6:S.1U) 

-.9.000 

378,1100 

2.619.1110 

Oltr 

1.000,000 

1883,0(0 

3.700 

6f.900 

616.700 

Baicle  

1.000,030 

Jl'».800 

7.7.0 

ITO.600 

993.9UC 

Bxohanee 

aide*  Leather 

1  000,000 

4816,900 

4.5,500 

Z8i.400 

2,228,700 

1,900,000 

3.57».«00 

S.-W 

195.100 

t6),7ro 

Rerere 

1.000,000 

5,-:M.300 

4,600 

315,9(0 

2,097,700 

Beonrlty 

^00.000 

iOI.4t'0 

iJt.OCO 

865,400 

Union 

1,000,000 

2  595  9C0 

1,9C0 

113.000 

899.300 

Webner 

1.900.000 

2.5j2,aw 

71,000 

661,50!) 

BOSTON,    FHUjADBLPHIA,  ECc.-Contlnued. 


•EOuniTiu. 


ToUl »W,190,00C   »129,191,20C     |621,900     18  412,300    153,127.810  J21  .310.700 

'Thetotal  amount  "dDetoatherUanK9,"asper8tatemen'.of, June  28, 1«  |il.:63,100 
The  deviations  from  last  wnelt'g  returns  are  as  to]  lows : 

I'O*'" Decrease.  «2D..5  0  [Deposits Increase.   1144  600 

■*i'»'5',«.- .,,. Decrease,     151, ino    Circulation Decrease.     185,'20O 

Legal  Tenrtors Decrease.      17.0J3!  ' 

Tile  following  are  the  totals  for  a  series  of  weeks  past 


Date, 

Loans. 

M»y  « 

....    128.132.300 

May  31,,.. 

....    I5-,H9,800 

,inne7 

128.913,100 

June  14  ..,  ,. 

....    12».371.900 

Jun421 

..,,     129.470,700 

June2> 

,.,     129,191.210 

Deposits.  Circulation. 
52.5S9,60O  21.997,300 


5!  ,795.200 
53.912,500 
53.46:1,500 
52.993,200 
S  1.127,900 


Specie.  LoKaiTenders. 

7^.000  8,Oi5.S0O 

T23,'W0  .    8.192,800 

SI7.I0O  Ml  1,500 

rS.OJO  8.7J5.9J0 

775.100  8.l.59,ilX) 

6-n,9JJ  8.!12.8J0 

Pklladelpkla  Banks. — Tli<)   following  is   the  average 
dition  of  tho  Philadelphia  National  Banks  for  the  week  e 
Monday,  June  3a,  1875 : 
„       Barnes.  capital. 

rhUadelphla. »1,500.0C<) 

North  America 1.000.000 

--'■"-"    2,000,0(10 
810,000 


Fanners  and  Mech, 

Oommerclal 

Mechanics' 

BankN.  Liberties. 

Sonthwark 

Kenslnzton 

Penn 

Western 

Manufacturers' 

Baulc  of  Commerce 


800,000 

500,0(\) 
250,000 
2SO.0C0 
900,000 
400,000 
l.OOO.OCII 
250,000 


Loans. 

13.400.300 
4.665.000 
6,053,5*10 
i,631,0OO 


Specie. 

» 10,000 


S'"'"* 1.000,000 

Tradesmen's 200,000 

Oonsoildatlon 800,OCO 

City 400,000 

Commonwealth $00,00 

Corn  BichaoKe....  900,000 

union...  500.000 

5I''."- I.OOO.0CO 

Jralrd 100.000 

|i«b.. I90,oca 

5S''5?J° 830.0(0 

■««»"; 279.0CO 

8""J*l-v; 750,100 

Bankpf  Bepubllc.  1,000,|.<10 

■•eo'lty 250,010 


2,U7 1,500 
2,741.000 
1.936,755 

59J,144 
1.224,880 
2,810.834 
2.477.000 

775.360 
3,8$l,000 
l.«'t2,000 
l,10i,9i2 
1,S57,923 

8111,000 
2,o;4,0OC 
l,642.0C0 
4,633,00(1 

956,^14 

59i.00C 

565,000 
I,tl6.J00 
4,793.ouo 
2.2IS000 

631,000 


38,900 
3.(X0 
2,7.50 


i.ao 

10,351 
'480 

ts.ouo 

9.000 


9,1100 
3S0 


2,000 


^"a*'  ■■;•    ■•:•■•.•••  ♦'••"5.00C  161,116.63!    1121,919     »iD,i,4,M>(j     i 

I  ne  aerlations  from  the  returns  ot  previous  week 

Specie 

l<wrai  Tender  Notes. 


24.9il.S0'J 
21,793..5:)0 
21.618.310 
21.495.90() 
21.310.7(0 

con- 
ending 
Total  net 

L.  Tender.  Deposits. Clrculat'n, 

ll,5'«.000  »1,2.15.000     tlJlOO.OOO 

1,117,000  3,377.000          785.000 

l,5;2.li00  5.420,100       1,00(1,000 

524,00(1  1,700,000          612,(00 

806.6110  1.830.400          163,000 

648,000  2,.522.0O0          4('S.00C 

6;il.481  1,580,5:8          197137 

196,500  679,795          221.000 

.314,730  933,725          165.1'n 

660,220  2.528.34S 

433,000  l,t90.000 

161,866  5i3,193 

999,000  3,059,(100 

314,(«0  '.,22tl,0O0 

257,S«J  799.029 

452.983  1,188.9.35 

143.»)0  S19.0J0 

92.000  2,S.i2,000 

314.000  1.891,000 

1,261,000  4,205,000 

434.000  990,617 

130,000  4oi,0OO 

102,000  308.000 

2r.2.000  878.000 

1,050.000  4.412,000 

423,000  1,036  000 

106,000  431,000 


PHILADELPHIA. 

■TATB  AKD  OITT  BONDS, 

Pennsylvania  98,  coup 

do  do    rca 

do  6c,  10-19,  2d 

do          do       15-25. 8d  . 
rhlladelplila  69.  cM 

do  6s,  new 

Alleeliany  County  58,  coup... 

Pittsburg  Is 

do       9s 

do       7s 

New  Jersey  State  6s,  Exempt* 

Cam len  County  68 

Camden  City  73 

l),ilHwure  6s 

Harrlsbnrg  City  6s 

BAILBOAD  STOCKS. 

Camden  &  Atlantic 

do  do      pref 

Catawlssa ...  * 

do        pref i 

do        new  pref 

ElmlraA  Wllllamsport 

KImira  *  Wllllamsport  pref. 

Bast  Pennsylvania 

Hunting  Ion  &  Broad  Top  .. 
do  do     pref 

Leblgh  Valley 

Little  Schuylkill 

Mlnehlll 

NesquehonlDg  Valley 

Norrlstown 

Northern  Central 

North  Pennsylvania 

OUCeck  &  Allegheny  Blver, 

Pdnr.  sy  ]  vanla 

Pnlladelptila  &  Erie  

Piill.'(lelphla&  Heading 

PlilliiJeTlilila  »fe  Trenton 

phllft., "wilmlnK. &  Baltimore. 

United  N.,T,  Companies 

WestChPBterconfcoi.  prof 

West  Jersey 

OANAL  flTOOKS. 

Lehigh  Navigation 

Morris 

do   pref  

Schuylkill  Navigation 

do  pref 


Bid. 


110 
100 
•■06)4 
113 

:ot^ 


M) 
107 


40 
7 

60X 
49H 

J5i 
93H 
29 

90 

«% 

53  Jl 


van 


105X 
107), 


saoxtBiTias. 


20}, 


»15,274,660     |19,E10,68j   »1(T,818.123 

Sare  as  followB- 

...Dec.  «162.iji7 1  Deposits Dec.    1818.903 

..      .■.•-g-;    ,.JW08  I  Circulation  Dec.       27.3C« 

1  ne  followlug  are  the  totals  for  a  series  of 


Date 
May  24... 
MayW... 
JoBeT  .. 
Jane  14. , 
June  It. 
JnneX.,, 


Loans. 
61,290,71X1 
61.192,360 
62.099,06^ 
62,021,562 
61,309.039 
61,116,632 


Specie. 
141.270 
133,353 
153,654 
14I.SM 
•.65.323 
124,915 


LcgalTender 
17.8I3.S61 
18,009,31 1 
16.915.319 
15315,261 
19  492  9>>0 
19.374,860 


weeks  past : 


Deposits.  ClrcnlatlOD 


5 1.1 50.523 
5S,018,lt6 
52,'»i),702 
91,645.412 
50,659,58S 
49,810,339 


11  J!2 1.859 
10,956,763 
10,982,398 
10.983,154 
10,375  681 
10,848,128 


RAILBOAD  BONDS. 

Allegheny  Val.  7 S-lOs.  '.S96  .... 

do       :s  E.  Ext..l910 

do     Inc.  7a  cnd,'94, . 

Belvldere  Delaware,l8t  m,6,'74 

il->  do      2d  M.68.'«f. 

do  do       3d  M.  6t,'87 

Camden  A  Amboy,  6s,  '83.... 

Jo  do       6s,  '86 

do  domort.  6«,'89. 

Cam.  A:  Atlan.  let  m,  78,  g,  19t'3 
do  2d  do 7s,  18*1... 

Cain.  *  llnrllngton  Co.  6:?,  '97. 

catawiasa,  now  79, 190G 

Cayuga  Late  Ist  m.  e.  7?,  1901 

ConuectlnK6B  19001904 

Chartlers  Is.  1901 i  ••■ 

Dan..H,  &  "Wilkes.  Ist  m..7o ,"67   rj.- 
Delaware  raort.  68,  various, . . .  i  lilfj 

East  Penn.  1  st  nort.  78,'88 |  '-00 

Bl.  *  W'mspoit,  18tm,  Is.'SO.jl^O 

do  do   58,P(.rp;  }^ 

Harrlsbnrg  Ist  mort.9B,'83....  -oo 

H.*  n.  T.  I6tmort.78,'90 

do      2d  mort.  78,  '75..,. 
do      Sd  m.  cons. 7a,*&5. 

Ithaca  &  Athens  g.  78. '90 

Junction  1st  mort.  6s.  *S3 

do       2d       do  1900(98) 

Lehigh  Valley.  6s,  1898 

do        do         do     reg,  1898 

no        do         do        78, 1910 

do        do        con.m.  68, 1923 

do         do  do  reg  19;;3 

LlttleSchuylkIIl.letM..7, 1877   !''2 

Nortliern  Central,  2  1  m. ,6s, '8.11  ,- 

Norttiern  Pncillc  7  3-108,  Wl'D.  I  '5 

North  Penn.  1st  m ,  69,  '85 1  HO 

do  2dm.  78, '96 jl07 

do  chattel  M,  lOs i-- 

do  gen.  M.  79,  1903..  lO^H 

Oil  Creek*  Ale.  K,  ecu,  78,'8B    =■■ 

Oil  creek  Ist  m.  78, '82: '9 

Penn4N.Y.C.&P.K78.-96-1906.  1O6 
Pennaylvanla.Ist  M.,6,1880,..  l03 
•to         gen.m.  1910,  coup  i^H 
do         gen.  m..  rcg.,  1910  10J>» 

Perklomen  let  m.68,'97. I  !i- 

Phlla.  *  Erie  Ist  m.68,'81 ?3« 

do  2d  m.  78, '88 i  89 

Philadelphia  &  lieadlng  6e, '80  lO'X 


95 
92 
lOO 

lOsV 
109 
104 
9iK 
KB* 

I  96>4 


105 
104 

T.S 
100 

98 

93 
i02 
;12 
(09 

SS^' 


60X 


97 

my. 


99X 
104 
112 
106 


97X 


ilH 


BAI4TIMORB. 

Maryland  Os",  defence,  J.  &  J.. 

do        69.  exempt.  11^87 

do       6slK90.  (luarterly. .. 

<lo        59,  quarterly 

Baltimore  6b,  18.31,  quarterly.. 

do         68,1386,  J.  &  J 

do        6s  1890,  quarterly... 

no        6e,Park,lfc9',  Q— M 

do         68,1-93.M.&  S 

do        es,  exemi)t,'93,.M.&  S 

do         68,  1900,  J.  «  J 

do         6s,  1902,     do    

Norlolk  ■Water,8s 

BATt.nOAT)  STOCKS,      Pa' 

Bait,*  Ohlo-Bt-ck 100 

do        Wash.  Brurcn..  100 
do       Parkersburg  Br.  5i 

Northirrn  Central 50 

Western  Maryland 50 

(VntraK'hlo 50 

Pittsburgh  &  Coimellsvllle.  50 

BAILBOAD  PO.SDS 

Balt.&  Ohio  6«,  ll-Si,  J.&  J.... 

do  69. 1895.  A.*  O... 

N.W.Vn.,8dM.fguar)'35,J.&J. 

PIttsb.  &  Ccnnellsv.  7s.'98,  00 

Northern  Central  6s,  1885,   do 

do         68,190;i,A.&O. 

do  69,  gold,  1900,  J  &J. 

Cen.  Ohio  6',  Ikt  M.,i890,M.&S. 

W.  Md.  68,  iBt  M..(er)'90,J.»J. 

do  l9tM.,  1-90.  J.&.J.. 

a>  21  M..  (gu«r.)  .I.&J. 

do  2d  M..  (liref.) 

do  2'M.(L'r.by  W.   OJ.dtJ. 
do     6b.  .9d  M  j  (guar.)  J.&  J 


107 

107 
107 

ins" 

:03H 

104 
Ids 
us 

106 
1(3 
104 


29       SO 


107X 

(07X 
I07H 


10< 
i04X 


Mar 


&  CliU.  7s,  K.  A  A.,  lo92 
do  2d,M.  A  N... 

do        8s,Sd,J.AJ 

Union  RR.,  i8t  puar..  J   *  J 
do        Canton  endorsed.. 

MIPCBLLANKOUS. 

Italtlniore  Gas,  certificate' 
People's  Gas 


^POTATIONS  IIH  BOSTON  PfllLADELPUIA    A.\D  OTHER    CITIES. 


Bid. 


109)4 


lOliX 


BOSTON   (June  30). 
Malneta ' 

Kew  Hampehlre.6i.V.'."!!! 

▼•moDtii 

MtMaehiiMtuts,  Gold.'.'.'.'.' 

_         do  9s,  Gold 

Boston  68,  Cnrrenor 
.«.?"    »»*«ol'».......V.",V,V, 

*''"S!«°  MwerageJt 

Portfinda."?!""*'" 

Ateta.*  Topekaist  in.'7sV."." 

00  landgt.7s.„.:  ..! 

i"         2d  7s : .; 

_     .do  land  Inc.  12a.     .. 

Boston  ft  AHiany  7s.,..,...  ' 

Boiton4k  Maine  7s ."     '" 

Bnrllagt0D4fcMa.  Neb,8».  ism'ioo' 

do  do    Neb.  88, 1883.     . 

EucernMus..  7» ..„      «6 

ind.ciB.*  L»f.  7s.  I8M,. .;::;; 

do         eqalpnient  lOa. 
do         funtfed  debt  7s 
Oideubort  A  Lake  ch .  be.. . 

Batland,  new7a 

Verni*tCen.,lttMMCons.,T.'M 

v.."*"     *4>*«>rt.,7.18»l 

Vermont  *  Can.,  new.  8s    .  . 


Ask. 


SBCUKITIH8. 


Vermont*  Mass.,lstM.  «.'83 

ST0CI9. 

Boston  &  Albany  stock 

Boston  *  Lowell  stock 

'Boston*  Maine.. 

Boston  4  Providence  '.! 

Burlluiiton*  Mo.  In  Nebraska 

Cheshire  preferred. 

Chicago,  IJur.*  Quincyj 

UlB.. Sandusky  *  Clev, stock, 

...    Ooncord 

....    Connecticut  River..!.' 

....    Connecticut  4  Passumpslc. i>r 

.,..    Bastcrn  (Mass.) .... 

....    «astern(NewHampsh'lre)!"' 

,...    Flichburg • 

.aa;     *'»V'e»'<''*  Lawrence.'. ■,■■.■.. 
lOOx  ;Na«hna&  Lowell.... 

Northern  01  New  Hampshire! '.  I 

Sorwlch*  Worcester.  ...     • 

Ogdens.  *  L,  Champlain 

/.I..  r.°?               0"      pre'" 
oidColony .,., 

j'ort.,8aco  *  Portemoii'th!!! 

nntland  common  . , , 

„  do     preferred....!!'.'!!!!! 

Vermont  *  Canada 

Vermont  4k  Massaehnsetts... 
Worcetter  *  Nashua.  ■...!! 


BId.iAsk 


187)1 1 189 


108 


»!k  i 


119M 


112)4:113 
ViH[  12X 


99.H 


127)4 
9< 


16 
M 
«4X 

mx 


60 
60X 

rii" 

133 
91 X 

9;n 


85 

11214 
108* 

w" 

46 
95 
115 


do 
do 
do 
do 
do 


do       78,  '93 

deb.  bonds,  "93 

g.m.78,c.  1911 

do    reg,;911 

newconv.  78, 


do  Coal  *  I.Oo  in,,79,'92-'3 
Pitts.,  Cln.  *  St.  Louis  78,  "90. . 
Bhamokln  V.  *  Pottsv.  7b,  1'*'.. 
Steubenville  4  Indiana  79. '84 
Stony  C'l-eK.  Ist  m..  79,  1%7. .. 
Sunbury*  Erie  1st  m.79.'?7.. 
Sunbnry  A  Lewlston  7s,  1360.. 

Union  *  Tltnsvllle 

UuItedN.  J.  ens.  m.  6s,  91.. 

Warren  &  F.  Ist  m.  (8, '96 

West  Cheater  cons.78,  *9I.  ,,,| 

West  Jersey  l8t  m.es,  '96 ' 

do  do    79, '.397....! 

Western  Penn.  KK.68. 1393....i 

do         do     68Pb'95 

warning.  *  Uead..tst  M.,7, 1900 

do  do    2d  Mort.  1902 

OANAL  BONDS 

Delaware  Division  68, '73 

Lehigh  Navigation  68,  '8t 

do  KR,'»7.... 

do  Ti  

do  cony .  '82 

do  conv.,  g,'94. 

do  gold,  '97 

HorrlB.lstM..6, 1676 

do       2dM.,  1876 

do      boat,  '85 

Pennsylvania  68, 1910 

BchuylklllNav.  1st  m,6s,'97,. 
do  2d  m.,  6s,  1907 
do  m.  68.  c. '95.. 
do  68, Imp. ,'80... 
do  6s.  boat  &  car.1913 
do  78,  boat  4  car.t915 

do         scrip 

Susquehanna  98, '.894 


107M 
78 
105 
106  >« 
114% 


lOS 
103 

73 

93)i 

80 
'.OS 
1(0 
-.04 

80 


93 
111 
102), 

95), 
102 
105  i 
;'J2>4 
100 
IH) 
lOO 

67 

96X 

80X 

SI 

9-1 

77 

79X 


100 

89K 


TTX 


100 


104 


■WASHINGTON. 

Wash.  Co. S. bonds, 78, '15, '76,' 
Chicago  Kellef  bon   s,  1877. 

Perm    Imp.,  6s,  g,  1391 

do  7s,  1S9! 

rf arket  Stock  bonds.  7s.  I?92. . 
^ater  Stock  bonds  78,1901.. 
7j,I9(i3.. 
fund.  Loan  (Cong  )  8.558. 1924 

Water  Stock  68  1869 

"    1074 

9  year  Cers.,  7  3-10,  1875., 
Ten  year  Bonds,  6b,  1878. . 
fund.  Loan  (Oong  )  6  g,  1892., 
Fund. Loun  (Lepl.Cs.g,  1902.. 
Cein. of  Slock  ri?28)  .5s,  at  pleaB 
"  (1843)69, atpleat 
Ches.  &  O.  st'k  ('47)  68.  at  pleas. 
Board  of  Public  Works— 

Cers.  Gen.  Imp.  Sa,  1874 

(10  1875 

do  1876 

do  1377  

do  1878 

do  Series. 

Certlflcafes, Sewer,  88.1871-77. 
Water  Certificates. Ss.  1377.,, 

CIlVCINNAri. 

Cincinnati  5s 

do         6s 

do  78 

do  7-308 

Cincinnati  Sonth'n  RE.  7.308  • 
Ham.  Co.,  Ohio  6  p.c.  lOng  bda. 
do         do     7  p.c.,lto9yrs. 
do         do     Ig  bds,7  4'i.30( 
Gin.  A  Cov,BrIdge  stock,  pref 
do  bonds,  long 

Cln., Ham.  A  D..  l8t  M.,  1,  80... 

do         do      2d  M.,7, -85,.. 

do  do       SdM.,  8,77... 

Cln..  Hain.4  Ind.79  guar 

Cln.  A  Indlatta,  let  M.,7 

do  do     2d  M.,7, 1877.. 

Colum.,*  Xenia,  1st  11.,  7, '90. 
Dayton  A  Mich.,  Ist  M.,7   81.. 

do  do       2d  XI.,  7, '84.. 

do  do        3dM.,  7, '88., 

do  To'dodep.bd8,7,'81-'94. 
Dayton  A  West.,  Ist  M.,  I8fl,.. 

Jo  do        1st  M.,   19(5.. 

do  do       iBt  M.,6,  l'J05. 

Ind.,Cln.4Laf.,l8tM.,7 

do  (I.AC)lstM.,7.188t 

Little  Miami,  6, 1883... 

Cln.  Ham.  A  Dayton  stock 

Columbus  &  Xenla  stock 

Dayton  A  Michigan  stock 

do         8  pc.  st'k  guar 
jLlttle  Miami  stock 

!  LOUISVILLE. 

;LoulsvlIIe68,'S2to'87 

do         6s,'97to'98 

do         Watel  68,'87to'89.. 
do        Water  Stock  6b,  '97. 

do         Wharf  6s 

do        special  tax  6s  of '89. 
Jeff.,Mad.AI,lstM.(IAM)7,'81 

do  do    2d.AI.,7, 

do  do    1st  M. ,'1,1906.... 

Loulsv.C.*Lex.,lstM,,7, '97.. 

Louis.  A  Fr'k.,  1st  M.,6, "TO- '78,. 

do       Louisv,  Loan,6,'81. 

L.  *Nash.l8tM.(m.8.)  7, '77.. 

Lon.  Loan  tra.9.)6, '86-'87 

do      (Lcb.Br.)6.'86 

IstM .  (Mem.  Br)7,  •70-'75. 

lstM.(Leb.l)r.er)7,'80-'85 

Lon.L'n(Leh.br.ex)6,'98 

__     Consol.  Ist  M.,7, 1898.... 

Jefferson.,  Mad.  4  Ind... 

Lonlsy.,Cln.A  Lex., pref, 

do            do         common. 
LoulQvllle  4  NaBhvUIe 

ST.  LOITIS. 

St  Louts  6s,  Long  Bonds 

Jo       Watei  6s  gold 

do  do       do   (new) 

do  Bridge  Approach  g,  69 

do  Renewal  gold  69 ' 

do  Sewer  g.63  (due'91-2-3) 
St,  Louis  Co,  new  Park  g.  6s.. 

do         c'y,  79 

At,4  Pacific  guar,  land  grants 
do  2d.  M, 


4tX 

7 

105 
104 
100 

97 
102 

94). 

97 

97X 
1(3 

u's' 

78 

90 
103 
107 

96 

81X 

911 

90); 

106  ik 


99>l 


'80 

'92 

103 

106 
lOSX 
■92 

101 

101 
IIS 

90 
ICI 

»6 
ICO 

85 

89 

',8 
102 
100 

93 

89 

97 
•100 

88 

76 

73 

91 

92 

50 

93 

42 
101 

97 


97X 


107  X 
»6)i 
SIX 

«6ji 


»\ 


35 
94 

106 
107 
104 

94 
108 
106 
120 

95 
lOS 


do 
do 
do 
do 
do 
do 


>  And  interest. 


68 

68X 

73 

88X 

74 

85 

fS 

96 

m 

88 

98X 

90 

8S 


'97!^ 

105)5 

105 

105 

105 

106 

'104 
X37 
S3 


90 
80 
104 
102 
95 
91 


90 
79 
78 
93 
93 
51 

10.1 
44 

|IKi 
98 


33X 
89 

89  U 
88X 

esa 

89X 

'W 

89 

75 

86 

69 

9ex 

f> 

83X 

99 

91 


\ 


Jnl;  3  1875] 


THE  CHRONICLE 


11 


GEXERAL  QUOTATIONS  OF  STOCKS  AND  BONDS  IN  NEW  YORK, 
U.S.    BmdB  m»m  <MKt«  Sailnuimtdt*  art  fiut^  «»  •  frtrnmu  pag*.    Prie«*  r»prMmU  tk*  p«r  mkI  *alu»,  vhatwM- the  par  may  be 


•  ~^  !. 


*a»>a.MM 

4*      IlUH 

«e      l«,HM. 

to     StaSSLiVA'CafH^'R^'  -''  '  ' 
«•      C^AliL*  Ckat.lt 

S      U ofl- 

taKmmU.tmftt..j... 
4»  XI.B.*rt.» 
to       1L  HtmtUt  *  L.  U.    U    ,11 

«e       CMta>.n.*K.BlT.{  M      § 


X  Mdonwd.... 
»,(0MkM4<  . 

•W.  co'iiy'tt».'iiTT'.! 


',.« 


15  1::: 

«•  1 ... 


■■CTTBmB*. 


COBbartaBd  C«*l  A  Ina 

kUAM.Co.aaa'IMM 

llMjlaa<0«aL....~ 

Knaylna<a  Coal. 

■      --     UalaCMl 

;atlr«a4  Bo«<a. 


A»wir*8<nq. 


JfS' 


»OB<l>.. 


<o  (aar 

li*inas.Mt^t 

*Oklalk.Mm... 


i*k 
a 


a- 
S 


uo 


mi 
S'l 

as 


■uniimaa. 


hHcm  *  T.  R,  lit  moit... 
da  do    ad  mort.  ai 

do  do  Mmort.L 
BaOanUc  *  B.  ni.  RIM 
TaUraorU*  Ward 

•o  do       

do  do  Bar.DlT. 

do  do  td        ' 

do  do 

ToL  *  Waliaah,  in 

da      lit ^ 

to      eaa.a( " 

_  S]la»lca,ut 
iCinat  WeaUn.  lat  — 

to  Ml_ 

c>ulM7*Toltto,I<t 

ilMb*to.Io«a.li 


Bar.DlT. 

.     MBOft.. 

lo  eoaaoLli 
t  nki^aad. 
CB.aiX.4tT 


1    to         to     MMMaat...  r   ■  '>"V   5t3i 
I     to         to      Umoit....    '  -  ">•> 

Ml.  Doiltn»n»  I  a^a' ja! ! 

J~      Si  «:  h.Yd. 
Mat.C.AM. 
MCoaaoL  ... 
Mm.     to  .. 
WaaMnatoLftoi. 


M 


(ccciinu. 


to 


iTflla  *  fTteatar.  Ia« a.  1i. 

■Jth  f>idr,  I.  I.,  Itt  m.  beada. 

'•tern  iBloaTFl..  latB.tl. 

.>llBc»llaaa*aa  Ltota 

Mo.  IHv!a(«%~r 


Omaka 4  BoothwMiern  RR.di 

Oflwr^  A  Rome  7»,  vnar 

Faorta,  Prkln  4  J.  l>t  mort 

raailaARork  I.7<.goM 

rart  Boron  4  L.  M.  -,t,  gld,  end 
to  do     7s.  gold,,. 

Panman  PaJare  Car  Co.  (lock. 
....'  do        bda,  IK,  4lh  lertM 

..  "iiocicrd.u.l.*si.L.m;»,»id 

—  Ro'MP  4  WattTtovn't 

i  out  A  Ut  vaao  7<,  (oM. . . 

^  ctirAPaciacia 

ractde  H,  (Old 

—  -.  ,;^...tieta  Mian,  conatrnc.  ta. . . 
....I  do  Tl 

..    tt.  Jo. 4  C.  BI.  lit  mort.  lOi... 

MM      to         do  8j>.c. 

a     ,8l.Je.4Dea.C.aa.(ld,w7D. 

...y    to  do    ■i.ald.K.D.. 

....  VSaodukT,  Nana.  4  Kcwark  la. 

BL  Loola,  Vaodalla  4  T.  R.  lat. 

to  do  *id.  cnar. 

It.  L.  4  So'cautem  Ut  7*.  gold. 

■TUAI.Ml.   .\rk.llr.)7>,(. 

Soaiktra  CeutraJ  of  S.  Y.7a... 

I*  Dlob  4  Lqcauaport  V» 

lflc.8o.  bruich.te,K 


Talon  Padkiv.tTv.  u.>..v.>,«^ 
WaUUll  Vallcjr  Ul  7>,  cold. . . . 

Weal  WlacoaalB  U,  (oU 

goaatBTallMla  .    

■Ikarn  •••■rtUaa. 
BnUn'  Qm»4amciu:, 
riTisa. 

AtlaaUL0a..1a 

to       »... 

Oa..7i.  bonda 

aiockta 

uB.C.Ta.P.  L.bda. 

_    .8.C..*a 

ibaa,  Oa.,  la,  boada. 

k!V»to: 


MoMla  9«,(raB|M.  oai. 
do      ••.(raapa.  oa) 


K«*Ort«Mla 

to  aoaael.  da 

do  boa^t.Ta.. 


-jato. 

■oM  7a,  ^aanarlj 

lo  tatlraadaVlK' 


»,old 

la,  Bav 

to     la,Seld... 
•aiLBOADa. 
Ala.4CbaM.ialm.ti..aa4....   U 
AU.  *  Taaia.  H.  lai  BMrt.  la. . . 
to         to         MBorLla.... 

AUaatlo*OaU.eoaaol 

to   Bad.  teTBB'b. 


i 


Bid, 


a. 4  0a.  lit  m.Ya., 

to       atock 

OtorclB  RK-la 

MMMii^Vi*  Tfm.  M  ■.  laJ ! 

to"        to    etoaol.li. 

MaMtaaarrAWaat  p.iatta. 

la  do  li 

lfaf«.4SifWlalit  ita.i 

!:    S& 


i 


to 
tou.,-.., 
mort.  a*.. 


v.  Srlaaaa  *  Jaeka.  ill  m.'  Hi/. 
to  aartirala.. 


Ba2rriUa4  cHailaanoBad 
Vortolk  4  FatenkofB  fit  n 


*"~"    I  iinat.  ..  * 


ijCM*.*  ladle.  M 


•B.(ld. 

(oid 

4'fBxaa  "  (old! 

Mo.  B.,  rt.  •.  4  Oalf  iBll.  Ida. 

to  to  do    3a  tn.  liM. 

X.  J.  Midland  !•' 

ir,r!4  0aw.M. 

to  to  Ja   M,  r^inv. 

liiCB.: 


Fa<«iabaf(  tatm.ia 
do  7a 

do         Mm.la 
S.C..UtD.  (i.. 
Mm.ti... 
|Oni«a  4  Alaaaadrla.  lau,<a. 
da  to         Ma.  la. 

to  *o  Ida,  la. 

da  to         4tha,  ••. 

iBMai''  4  Pawrak'B  lat  at.  U 
mSTm-wH  4  Poto.  ta. . . 

to  to  COBT.'a 

"    "  DanT.  litconaoLta 
ic,  Va..  Ulm.H... 

a«  3d  m.,  aval 

do  M  m.U , 

do  Uhni.  fla 

toatkwaat  RK.  Oa  ,  lat  la.  .. 

to  atock.... 

B.  CatoilBB  KR.  ut  IB.  7a,  aaw, 

4a  «• 

to  7a  

do  atock 

Weat  Alabama  it,  (oar , 

ritat  Bt-a  covrova. 

iToBocaaaa  MaU  conpona , 

|TlrBiBiscospaaa..K 

'     to      conaol.  eoap 

jMamidiW  City  coapoaa. , 


n 


THE   CIHRONICLK 


l_Ju]y  3,  lb75. 


NEW  YORK  LOCAL  SECURITIES. 


Bank  S(o«k  I.lat. 


CoMrAims. 


Mtfked  thut  (*)  are 
notMfttloDftl. 


America' 

American  Excbaoge. 

Bowery 

Broadwar 

Bsll'i  Head* 

Bntelien  *  Oroven . . 

Cenlral 

Chatham- 

Chamlcal 

Olttnu' 

oity 

Oommarea 

CoDClnental- 

Com  Exebaom* 

Currency 

UrrOooAt' 

KaatRlTar 

Kleyenth  Ward* 

Flflh 

FInrt 

Poartb  

Palton 

Oallatln 

Germrtn  American*.. 
Oemian  Kxcbanjie*... 

Bfi.'manla' 

Greenwich* 

Urani  Central; 

Orocera* 

Hanover 

Harlem* 

I  mportsra'  *  Tradera'. 

Irrlng 

Leather  Manafactra... 

Loanera'*  

Ilanntctrera'A  Uulld.' 

Manhattan* 

Mannt.  A  MerckanU*. 

Marine 

Market 

Meehanlca  

Ma«h.  Bkg  Auo'ilon.. 
Meehanlca  k  Tradera.. 

Mercantile 

Jierchaata 

Merchanta'Ex 

.Metropolla* 

Metrspolltan 

MnrrayHIU* 

NaMan* 

RewVork 

New  York  County 

N  Y.Nat. Exchange. 
N  Y.  Gold  Exchange' 

Ninth 

Ninth  Warn* 

Nortl  America* 

North  RlTor* 

Oriental* 

PaclHo* 

Park 

People**- 

Phenix 

Prortuce* 

Kepulillc 

8t.  Nicholas 

Seventh  Ward 

Second 

Shoe  and  Leather — 

Sixth  

State  orNew  York... 

Tenth 

Third 

Tradeamen'a 

Union 

yeatSide* 


Par  Amount. 


iw  sjno^no 
3s  \fxam 

■-  IMfiM 

„  800JOOO 

100  IflMfiOO 

■a  MOAM 

100    aoo/xn 

25  K».ODP 
100  l,00O;n» 
100  IO,O0OA» 
100  tfilOfiOO 
too  1,00)000 
-  lOOJJOU 
IjOOO^OOO 
990,000 

auo.ooo 
i:o.oo( 

500.000 
5,000.000 

600  JWO 
1,500,000 
1000,000 

"atojwo 
aoofioo 
aooAxn 

100,000 
500,000 

I  000,000 
'100,000 

1  500,100 

•30C.OOO 

600.000 
500,l«0 

4:0,000 

2.060  JWO 

lUO.OOO 

400,000 

t,000«OC 

2.000,000 

SO0.000 

600.000 

1,000,000 

8.C00,0C0 

1,000,000 

900,000 
4.000.000 

ff»,000 

1,000,000 

S.000,000 
«I0,000 
900,IXX) 
500,000 

1.500,000 

iiiu.goo 
1,000,000 

400,0CO 

800,(100 

422.700 

iflOOJOK 

412,500 

1,800.000 

290,000 

2,000,000 

IJWO.OOO 

800.000 

800.000 

1.000,000 

200.000 

2,000,000 

1,000,000 

I. (500,000 

1,000,001 

i,500,noo 

■.!00,000 


DiTlDBKDa. 


Perioda. 

TUT. 

M.*N. 

J.*J. 

J.AJ. 
Q-J. 

j.m. 
J.*J. 

J.AJ. 
eT.2moa 

J.*J. 

Q-F. 

J.ftJ. 

F.*A. 
J.  4k  J. 

J.*  J. 
J.*  J. 
J.*J. 

u. 

J7*J. 

H.*N. 

A.*0. 
T.4fcA. 
M.4kN. 
M.4kN. 

H.AN. 
M.AN. 
J.  ft  J. 
J.*  J. 
M.4kS. 
J.*J. 
J.  A  J. 
J.A  J. 
F.&A. 
J.&  J. 
F.ftA. 
J.  A  J. 
J.  A  J. 
J.  A  J. 
J.  A. I. 
M.AN. 
M.AK. 
M.AN. 
J.  A.T. 
J.  A. I. 
J.  A  J. 
J.AJ. 
A.AO. 
M.AN. 
J.AJ. 
J.AJ. 
J.AJ. 
J.AJ. 
J.AJ. 
J.AJ. 
J.AJ. 
J.AJ. 
J.AJ. 
Q-F. 
J.AJ. 
J.AJ. 
J.AJ. 


F.AA. 

F.AA. 

J.AJ. 

J.AJ. 

J.AJ. 

J.AJ. 

M.AN. 

J.AJ. 

J.AJ. 

J.AJ. 
,  M.AN. 
(  J.  A  J. 


ITO     l*i4     Laat  Paid. 


10 

4 

8 
10 
14 

6 

5 

8 

8 

8 

1 
12 
12 
12 
10 

7 

I'* 

S 

6 
10 
12 

9 


8 

7 
11 
14 

B 

8 

3 

7 
lu 
20 

"io" 
s  • 
8 

14 

10 

12 

» 
10 
..... 

10 
'.0 
7« 
10 


8 

7 
12 
12 
12 
10 

7 

3K 


12 
12 

3 
8 

10 
10 

s 


July  1,  "74.. .4 
JnlvlO,'75...3 
Jay  I, '75..  .4 
July  1,  'JS.SK 
Jolyi.1S.2S 
Jai.  S.  J5...S 
July  1.  "75..  4 
.■Hay  I, '75.,- r. 
Apl  10,'7.'i..4 
Feb. I, '71... 3 
May  I,  "74... 7 
May,  i,'73...S 
May  1,*:5..1U 

J'u'y'lVii'.'.'.S 
July  I, '75... 4 
Mel..  I, '75.. 4 
Jnlyl,'75...7 
July  1, '75..  .5 
July  1.75... 6 
Feb.l2,'74.3)< 
Jan.l0,'75...1 
Feb.  1U.'75..5 
Julyl,'75..3X 
Julvl,'75...5 
July  :,'75...4 
.;ulyl,'75,..5 
May '..'75.... 3 
M«y  1,'75„.5 
May  1,'75...4 
July  1, '75... 4 
July  1.~5...4 
lulyl,'75  8X 
Jnly9,'79...5 
Apl,  1,';5.  .4 
Maylu.-5..4 
Jnlyl,'75...5 
Jan.  4,'7!-...7 
Jnlyl,'75.3>, 
May,  '73... 5 
Jan.  2, -75... 1 
Jan.,  '73... 8 
Julyl,''5  ..4 
Julyl,'74.3M 
.!ulTl,'75...6 
Mayl  ~5...8 
July  1,'75...6 
Ji^ly  1,'75...5 
July  l,'7o.SX 
JnlylS,'74.3S 
Feb.  8,  •75.4 
Feb.  8.  75. 4 
Jan.  'i,'ii...S 
July  1. '75..  .7 
July  I,'75...6 
Jan. J,  75... 4 
May  10, "75..  4 
Jan.2'74.2XK 
July  1,'75-.  4 
July  1.'75...5 
M>y  l,'7.'i...5 
Julyl.'75...4l 


Pbioi. 


Bid.   Aakd 


ISO 


9«X 

ii«dd 

366' 
i-*« 
»■) 
I3i 


108 
121 
lOlX 

lac" 
iss" 


140 
137S 


99« 
■95" 


ma 
110 


1::. 


Oaa  and  CItr  R.R.  Stock*  and  Bond*. 

[tjnotatlona  by  Charlea  Otis.  Broker,  17  Exchange  Place.  I 


Gas  CoxpASizs. 


Brooklyn  Qaa  Light  Co 

Cltlzena' Gas  Co  (Bklyn.... 
do  certiilcatca.. 

Harlem 

Jeraey  City  A  Hoboken 

Manhattan 

Metropolitan 

do         certiOcatea... 

do         b  nJB 

Matual,K.  Y 

Kaaaau.  Brooklyn 

do  acrlp 

New  York    

People's  (Brooklyn) 

dn  do       bonds. , 

Westchester  Cottotv 

c«rtiacateB 

Bonds    

Williamsburg 

do  a'*''*" 


Pan  Amount.  Periods 


SO 


2,000,300 
1,200,000 

soo.neo 

1,850,000 

385,000 

4,000,000 

2,;oo,ooo 

1.000,000 

500,000 

SOOOJWO 

1^100.000 

5(10,000 

4,000,000 

1,000,000 

300.000 

466,000 

53,000 

■il.iiOO 

1,000,000 

1,000,000 


aTao. 

F.AA. 
J.AJ. 
J.AJ. 
M.AS. 
M.  AS 
J.AJ. 


M.AN. 
Q-F. 
M.AS. 
F.  A  A. 

1.  A  J. 
J.AJ. 
J.AJ. 


Last       Bid.  Askd 
divioend. 


April,  '75 
April,  "75 
Oct.,  'U. 
Feb.,  '75. 
July,  '75. 
July,  "75. 
Mcu.9, '75 


July.    'IS 
July,  li 


May     *15. 
July,    "75 


July,  '75. 


5     Jtily,   '75 
7 


240 

i6i>; 


155 

ma 


290 

'ico' 

166" 
las.Hi 

102S  

!50      

95      ...  , 

98    I 

100    I  105 


BitKter  Si.db  JfuUonFerri/—tiuck 
1st  mortgage 

Broadway  A  StsenUi  .,4ee— stock. 
I9t  mortKage 

Brooklyn  CWj;— stock 

1st  mortgage 

Broadway  (firoo*/|/n)— stock.. 


102X1. 


Brooklyn  A  ffunur's  Pl-~Btoc\i,.. 

1st  mortgage  bontls 

\JeiUral  Pi,  H.  it  E.  JBiier— stock 

Ist  mortgage 

in       do        

Chri\U>phtr  <t  Tenth  street— stock 
C'mstf  Ajand  A  Brook'n—ist  mort 
l>ry  Dock,  B.  B.  it  ttiilUry—nock 

1st  mortgage,  conu'd 

M^a^th  4eenua— stock 

1st  mortgage 

tldSi.it  Orand  St  /erry— stock, 

1st  morttrage 

Central  Cro«9  2own-stock 

1st  mortgage 

ninth  Aeenue—ttociL 

iRtmortgage ., 

Second  Arenus—tioek    

istmortiage 

•M  mortgnga 

.Id  mortgaire 

C.I3S.  CooTortlbla 

tfiJt/A  AnenrM-  stoolc 

latmorteaga 

7Mrd  i(eeM'<«— stock 

iNt  raortieage 

7  letntf^AIrS  DirMt-ilimc 

in'«rtff(tge . 


900.000 

694,000 

2,100,000 

1,600WI 

2,000.000 

300,000 

200,000 

4011,000 

SU0,0UO 

1,1U,000 

55C.00O 

coo.oon 

(»I000 
807.000 

1,200,000 
900.000 

1,000,000 
'203,000 
750,000 
220,000 
560,000 
3)0,000 
797,000 
167,000 

t,(«9,S00 
890/100 
200,000 
150,000 
899,' 00 
750,00f 
250,000 

2/)00,llOO 

2/100,000 
600/lOn 

lao/xw 


J.AJ. 
J.AJ. 
J.AB. 
Q-F. 
J.  A  J. 
J.AJ. 


J. A. 


F.AA. 
M.AN. 


J.  A  J. 
Q-F. 
J. AD 
J.AJ. 
J.AJ. 
M.AN. 
A.AO. 


J.AJ. 
Q.-F. 
J.  AD. 
F.AA. 
A.AO. 
M.AN. 
M.AN. 
J.AJ. 
(>-F. 

j:*j. 
J  *  J. 

M.AN. 


1880 
July,  7S 

\m 

May.lS 

1*12 
July,  75 


1877 
May,  '75 

Jnly,'75 

M'VHs 
1878 


July,  75 

1877 

1876 

1885 

1888 
M»y,T5 

1890 
May,   •;! 

1S90 
July,'75 


!0 
71 
65 
92X 

166" 
160 
63 

85 


92X 
155 
100 
100 


72)4 


'  Tlut  coiiuu.  ihuvs  lu(  dlvldtpd  as  ttooU,  auo  d»le  «f;it'»ti)rlty  of  »aii<li. 


E5 
166" 

lioo" 

100 

I  100 


Insurance  Stock  Ltat. 

(Quotations  by  K.  S.  Bailit,  broker,  65  Wall  street.) 


COHPAKIXS, 


Adriatic 

JEtn» 

American 

American  Exch'e.. 

Amity..  , 

Arctic 

Atlantic . 

Bowery 

Itrewers'  A  M'lst'rs 

Broaiway 

Brooklyn 

Cltlzena' 

city 

Clinton 

Columbia 

Commerce  Fire.... 

Commercial 

Continental 

Eagle  

Empire  City 

Emporium 

Exciiange 

Farragut 

Firemen's  

Firemen's  Fund.... 
Firemen's  Trust... 

Oebhard 

German-American 

Oermanla 

Globe 

Greenwich 

Guardian 

Hamilton 

Hanover 

Hofitaan 

Home 

Hopt' 

Howard 

Imporlers'A  Trad.. 

Irving....     

Jefferson 

Kings  Co.  (B'klyn) 

Knickerbocker 

Lafayette  (B'klyn) 

Lamar..    '. 

Lenox 

Longl8land{Bkly.) 

LorlTlard   

Manuf  A  Builders'. 

Manhattan 

Mech.&Trad'rs'.... 
Meclianlc8'(Bklyn) 

Mercantile 

Merchants'  

Metropolitan 

Montauk  (B'klyn). 
Nassau  (B'klyn)... 

National 

N.  Y.  Eqnltable.... 
New  York  Fire  ... 
N.  Y.  A  ionkers.. 

Niagara 

North  Elver 

Pacific 

Park  

Peter  Cooper.  .  ... 

People's 

Phenlx  (B'klvn)  .. 
Produce  Exchange 

Uellcf 

Republic 

Klogewood.. .. 

liesolute 

Rutgers' 

Safeffuard 

St.Nlcliolas.. 

Standard 

Star 

Sterling 

Stuyvesant... 
Tradesmen's., 
fnlted  States 

"WpHtchester _ 

Williamshnrg  City. 


Capital. 


Far  Amount 


23 
100 
50 
100 
100 
20 
60 
25 
100 
25 
17 
20 
70 

:oo 

30 
100 
50 
100 
40 
10(1 
100 
81' 
60 
17 
10 
10 

lai 

100 
50 
50 
25 

100 

50 
50 
100 
25 
50 
50 

la 

30 

20 

M 

50 

100 

25 

50 

25 

100 

100 

25 

50 

50 

50 

fO 

50 

50 

37K 

3" 

100 

IW! 

fO 

25 

2.1 

100 

20 

20 

50 

Ml 

50 

100 

lOil 

100 

•25 

100 

25 

50 

100 

100 

25 

25 

25 

10 

50 


Nit  Srn 

PLUS, 

Jan.  1, 
1875.* 


200.000 
200/XIO 
40O/)0O 
200,000 
2(10.000 
200.000 
200,000 
8(10,000 
200.000 
200,000 
153,000 
800,000 
210,000 
250,000 
800,000 
200,000 
200,000 

1,000,000 
800,000 
200,000 
200,0f0 
200,000 
200,000 
204,000 
150,000 
150,000 
200,000 

1,000,000 
500,000 
200,000 
200.000 
200,000 
150,000 
600,000 
200,000 

3,(00,000 
150,000 
500,000 
20(1,000 
200,000 
200,010 
150,000 
280,000 
150,000 
200,000 
150,000 
200.000 
300.000 
200.000 
250.0011 
200,000 
150,000 
MC.OOO 
200,000 
300,000 
SOO.OOO 
200,000 
200.000 
210,000 
200,(10(1 
2(10,000 
600.(100 
350,000 
200,000 
200,1100 
150,000 
150,000 

1,000,000 
'.ilW/OO 
200,000 
300,000 
200.(«1 
•200,000 
200,(1(1(1 
200,000 
'.50,000 
200,000 
200,000 
•200.000 
200,000 
150,000 
250,000 
•250.000 
260,000 


2'2,::7 

E4,339 
244,663 

68,766 
9,095 

15,486 
106,636 
390,375 
7,721 
260,575 
240,4i; 
212,373 
li0«.894 
166,907 

49,737 

27,478 
123,679 
866,601 
474  ,a  9 
119,658 

26,1"6 

92,615 

94,133 
103,654 

31,306 

97,940 

19,937 
S'22,569 
398,751 
116,672 
82,i,224 

43,007 
l'25,-96 
t3'29,C9i 

90,f;53 
1885,281 

•28,741 
148,162 

77,712 

14,861 
186,241 
174,6:2 

80,284 
121,317 

83,443 

79,363 
169,447 

6:,23t! 
113.712 
187,769 
315,753 
1'22,419 

50.008 
151.863 

36,756 
121,476 
2*1,314 

66,618 
SI  0,985 
196,ail 

20,529 
426,524 
126,6(10 
350,139 
165,216 
211,514 
1.32,708 
636,222 

12,<00 

43,051 
101,002 

58,877 

30,441 
191,749 

90.597 

64,403 
12i,506 

78,SH0 

7:/rr; 

165,369 
153,966 
246,825 
tl62.b60 
■2.56,690 


JUVITHCTTUB. 


1871  187.!  1873  1871  Last  Paid 


10 
!0H 
10 
10 
5 

14     ;i4 
14      14 


20 


Jan., '75.  .5 
J«n.,'7B..7 
'an.,  '75.. 7 
Jan«'75..6 
J  an  ..IS.  .4 
Jan^  '75. .5 
Jan..  "15.. 5 
Juae,'75,15 
-uly,'i*..5 
Feb., '75.10 
July, '75.20 
Jan.,'75..10 
Feb.,  •75.1(1 
.Inly, '75.  :0 
Jan.,  '75.. 5 
July, '75.  .6 
Jan..  '75.UI 
Jan,'75.4.80 
Apr., '75.15 
July, '75  .7 
Jan.,  '75.. 5 
Jan.,  '7S..5 
Jan., '75.. 5 
Jan., '75.. 8 
Jan., '75.  .6 
Jan., '75. .6 
Feb., '75..  5 
Jan.,  '75.. 5 
Jan  ,  '75.  .5 
Jlin..'75...8 
Jan., '75.25 
.Ian..  '75.  .5 
July,'75..10 
July, '75.  5 
July,  "75.. 5 
Jan. ,'75.. 5 
Jan. ,'75. .5 
July,'75...6 
Jan., '75.. 6 
Jnly,';5.  .6 
Mcli.,'75..6 
July. '75.  II 
Jan.,  '75. ic 
.Ian.,  "75.11 
J-n.,  "i5..6 
Jan.,'75..5 
Jan.,  '75, 
July,';5..5 
Jan.,  '75.  .6 
Jan.,  '75 
Jan.,  '75.2(1 
July, '75.  .5 
July, '75.. 6 
Jan., '75.1(1 
Jan..^75..5 
Julv,  '75.10 
June,"75.10 
Jan., '75.. 6 
Ian., '75.10 
F.eb..  '75.10 
July.  "75.. s 
July.  '75.. 5 
Apr.,  "75.. 6 
July, '75.21 
July, '7^.1C 
Fpb.. '75.10 
Juy,  75.10 
Jan.,  "75.10 


Pkic«. 


Jan.,  '75.  5 
"an.,  '75.. 5 
July, '75.. 6 
.Ian  ,  '75  .5 
Fet..'75.10 
Jnly,'T^7)^ 
Feb., '73.. 5 
Jan.. '75.. 6 
July,'75.7K 
Keb.,'75  .6 
Jan.,  •75.10 
Jan.,  "75.1(1 
Jan., '75.. 8 


10     10   ho     12     Jan.. '75.111 


170 
140 

85 

70 
130 
120 
•iiO 
120 

in" 

120 

r25 

83 
112 

77X 
ICO 
115 
140 
300 

SO 
160 
112 

87 
100 

ios" 

in 

85 
170 
I'iS 
ISO 
155 
lOU 
103 

no 

90 
I'iO 
105 
2(15 
155 

67 
190 

75 
175 
!85 
110 
205 
170 

79 
115 

'22IJ' 
160 
2(15 
180 
120 


85 
95 
154 


90. 


104 
12U 


166 
115 


90 

180 
200 
140 


2(0 
80 


120 
165" 


97  M 


■0 
185 


I2S 


•  (Jver  all  liabilities.  Including  re-'.nsurance.  capital  anil  profit  scrip 
tstock  dividends  of  25  per  cent  by  the  Hanover  and  Westchester,  and  2J  per  con 
by  the  Home,  have  since  been  declared  out  of  above  net  surplus. 

CItjr  Secnrltle*. 

[Quotations  by  Dasim,  A.  Moras,  Broker,  40  Wall  Street.] 


yeio  York: 

Water  stock 1841-63. 

do        1854-57. 

Croton  water  stock.  .1845-51. 

do  do       ..1852-60. 

Croton  Aqned'ct  stock. 1865. 

do       pipes  and  mains 

do       reservoir  bonds 

Central  Park  bonds.  .1853-57. 
do        do        ..1833-65. 

Dock  bonds 1852. 

do         1870. 

Floating  debt  stock. . . .  1860. 

Market  stock 1865-68. 

Soldlers'ald  fund 1863. 

do  ilo      1863 

Improvement  stock 1869 

do  CO     ....1869 

Consolidated  bonds var 

Street  Imp.  stock' var, 

do         do       var, 

Jersey  City: 

"Water  loan 185a-(i7 

do       1869-71 

Sewerage  bond! 1866-69, 

Bergen  bonds 1868-69 

Assessment  bonds... 1870-71 

[Quotstlons  by  N.T.  Bixna, 
Hrooklan    Local  Improvem't 

GItv  bonds 

do        

Park  bonds 

Water  loan  bonds 

Brldgebonds 

"Water  loan 

City  bonds 

Kings  Co.  bonds 

do         do    

All  Brooklyn  bonds  flat. 


Rate.       Months  Payable. 


Fcb.,May  Aag.A  Nov. 
do  do 

do  do 

do  do 

do  do 

May  A  November. 

Feb.,  May  Aug.A  Nov. 

do  do 

do  do 

do  do 

May  A  November. 

Feb. , "May,  Aug.A  Nov, 
May  A  November, 
(lo  dc 

do  do 

do  do 

do  do 

do  do 

do  do 

do  do 

January  A  July. 

do  do 

do  do 

do  .   do 

Jan.,  May,  July  A  Not. 

Broker,  2>i  Wall  at.] 

January  A  July, 
do  do 

do  do 

do  do 

do  do 

00  do 

do  do 

May  A  November. 
40  do 


1875-80 

1875-79 

1890 


1881-1911 
1884-1900 
19(17-11 
1871-98 
1874-95 

1876 

1901 

1878 
1894-97 
1873-75 

1876 

1889 
1879-90 

1901 

1888 
1879-82 

1877- 
1899-1902 
13t;-!9 
1874-1900 
1S75-91 


1875-80 
1881-95 
1915-24 
1903 
1915 
igOii-lOOS 
1881-93 
1880-83 
ISTMO 


Pbice 


Bid. 

Ask 

98 

94 

101 

101 K 

90 

!'l 

1111 

101 K 

101 

101 H 

•.(19 

110 

1(11 

102 

9,1 

91 

100 

101 K 

91 

9,-l 

108 

110 

101 

1(12 

1(17 

110 

1(0 

101 S 

•;oi 

102 

nil 

102 

HMK 

10^ 

107 

no 

101 

102 

•103 

199 

95 

9S 

10,! 

106 

102 

102 

10-2 

lom 

99 

101 

101 

102!, 

104 

106 

1(« 

10?  i< 

;09 

110 

107  H 

KHW 

'.(1 

m 

imx 

I'JS 

11-5 

106 

102 

104 

July  ^,  1875.] 


THE  CHBONICLE 


13 


3nDestmtntg 


kVT) 


CTATE.  cm  AND  COBPOBATION  FINANCES. 


The"lavwlan'Si 
84tatd«7  of  CM 
ol  the  Ch«ojiicul 


tepabliahed  i«g«l«riy  oa  tb«  1m^ 


ANNXJAI.    REPORTS. 

Plttekanrli  CiMiBBAtI  *  St  Loals. 
(Ar  tK*  ytar  4*dij^a  Dte.  31, 1874). 
Th«  MWt  of  ThMMM  A.  BeoM,  Pivaident,  baa  tha  followlDg 
^tMudiac 


Notwii 


Ik* 


that  iua  preTmllad  daring  tha 


I  yaw.tlM  k>«  ratca  rteatTcd  for  tha  motrwBeat  of  traffle,  the 
Mm  batwaM  Pittabargk  mmI  OolombM  ihowa  act  aarniaga 
of98njW7«.    Aafollowa: 

tt,tn4i*«i 

MN,  la«iB«ac  vmjmm  aipiM  aC 


Uana  iMikabie  to  ib«  oUmt  ttakOklM  oTIba  CMapaay 

ThaaaoMlaxaMaadlavaaMlnMUaa  aal  aqaipMaat  teiUc 
Um  Taw  «u  fnjW ».  tVn  wm  a  Iiitiiii  i»  boiE 
fiatgfct  aad  laHWfit  aataMau  Tha  lau  reerfvad  par  ta*  par 
«Ua.  WM  1 1-10  easla.  aa  anlaat  1  4-10  eaoia  ia  187S.  awl  a  »10 
aa«ia  par  paaaaMW  V"  ■"••  •■  anloat  %  910  ea*u  la  187  ■. 

Tk*  eBwdWaa  ol  tha  Um  aad  Ha  nalpiMl  haa  kaa«  fallr 
The  aggfapala  awatia  tiamjj^ 


laad  darlac  tha  year.    The  aggfapato  awatla  ttam  yoar 
II—.  wMdt  taalada  Iha  «w*aitari  *  Mnaklaffaa  Vatlo; 


aad  Ckaitlan  lallw^ya,  la 
*L  C.iall«a7a,aiaaaMla«s 


>  the  Uttle 


Tka 
year,  bava 


naaal  aspaadltana  •■•■  i 
baaaaaMlofra: 


daiiag  Ih* 


*Hi 


y^tmj. 


mrm  opoa  y«ar  owa  aad  laaaa 
that  It  woald  ba  aaah  to  tha 


Tha  aoMaadlac  Mlla  parsUa  of  Iha  OMBpaajr  asoaal  la 
flJ8B,ltt8».  TUanMlla6oiBlkalmaaftba«o«paa;'aoMl- 
jailoaa  tor  lb*  paipaaa  af  taWag  fnateto  aaal — 

1.  Tha  acaovBla  payaMaaatataadlBC  DaaraiHar  SI,  II7S.  wklah 
ha*a  kaaa  fada*ad7toai«l>«44.l«  I0ia|«l,n7  II  orfTHJnat. 

1.  ThatoMteaparatlacToarlaaaed  Uaaaaa  before  aotad.  aw 

>.  ThabaHanaaaleipaMltai 

Yoaf  boafd  woald  n 
at  iha  alarhheUawi  If  tha  iiwad  sartgag*  keada,  baraiafo«a 
aathattatd  a^id  aow  oalataadtaf, aoald  ha  iifliiiil  by  aa 
baad^aad Ika kiUiw  aUk— ■oada  kawa  a|faad^ia 

lag  aatafika  ■■■■!■>  laliiaalaa  ibaaa  kaadaTutb 
waaa  act  laMitMi  hi  aay  y>  to  pay  It,  aad  woald  plaeatha 
paoT  la  a  haNtr  tsMelal  parfUaa. 

toar  UMfd  thatafora  riipwami  that  far  tka  parpaw  o( 
latfflag  Ibaaa  aaaoad  aaoffaga  heada.  aad  tha 


aa  aay  ba  aaadad.  ftaai  ttea  la  Itee.  to  —at  Iba  laaali— la  of 
tha  eo«paay^  bwlaaaa.  tha  alaekkoldonaMkarteatbalaaacaftaa 
■lllloaa  of  dollan  of  7  par  aaat  laeoaaa  baadi^aaaarad  by  ■ertgaga, 
aad  aatoriag  la  dfly  yaaia  tttm  April  1, 18TS. 

Toar  apaeial  attaatlaa  la  alao  directed  to  the  relaiioaa  aslatlag 
with  tha  C.  C  *  L  C.  Cb.  aadar  tha  laaaa  of  that  road.  Tbaeore 
aaau  of  that  laaaa  are  ao  plala,  aad  the  obllgatloaa  of  that  floai- 
paay  ao  dear,  that  yoor  Board  bad  hopad  that  Ika  aaltar  woald 
Lava  baaa  aaiaably  anaagad  oa  a  latlaHaiaij  baal&  Bat  after 
aa^  yaar  board  Mt  that  tkair  daty  to  tka 
laf  yaaranipaay  waald  aot  adnli  of  faitkar  delay. 
Th»y.  tkarafcta.  aadar  tka  adelaa  of  nnaiail,  daly  aottdad  tb«  (' 
('.  A  I.  aagmaayaatbat7lkafOet.laat,lkat.aalaaaby  tbalet 
of  Jea..  1879,  tkai  eeaipaay  aboaMwrfy  oatlagood  ftrtth  tha  eore- 
aaau  aad  agiaaweali  aa  aat  forth  la  tha  laaaa  afVabraary  1, 1870, 
ay  woaldlaaiHatap*aii»dlagatoBiaipilaipaallipar» 
»ofaaakMMaaala,aad,lath«altaraaUTa,  aMk  Miaf 
•a  It  Might  ba  wtluad  la  hi  a^ ally.  ThlaaaHaa  waaall  Ihaaaf* 
,  aa  year  eoaipaay  kad  heea  aotlAad  that  a  deerva  el  aala 
1  agalaat  that  portloa  of  the  C.  C.  A  L  C.  Uae  lylag 
ad  aad  Neweaatlp,  Indtaaa.  la  proeeedloga  leati- 
tattd  oa  a  liat  Martgage,  amoaDtiaK.  with  aeemed  laureal,  to 
orer  |M>0;IOO.  Thaaaforoaaaatof  aacb  adaoaa  woaMofeoarte 
deprlre  yoar  aaaipaar  of  a  liaHaiiiaa  lead,  ihaa  daatroylag  the 
laaee,  aod  by  dMatagnttaf  ikapropartT.dlflilalakHavalaa.  The 
r.  C.  A  I.  r.  Co.  haTtog  fUM  to  meet  tbaaa  rMjalraaiaaU  by  the 
tiro*  oamcd,  roar  eoaipaay  haa  died  a  Mil  la  Chaaeery  agalaat 
that  aeapaay,  praylog  for  propor  relief  in  the  praoilaaa.  It  la  a 
BMktter  of  regret  to  your  board  that  it  ihoald  h«*a  \ 


to  reeort  to  legal  proceedinga  to  protect  year  Intereats,  bat  year 
eompany  bad  already  made  large  advances  to  the  C.  C.  A  I.  C.  Co., 
and  owiog  to  tbe  failure  of  that  company  to  arrange,  settle  and 
adjoat  ita  indebtedness  as  eet  forth  in  tbe  lease,  in  income  l>onds, 
several  millions  ol  dollars  expended  upon  tbat  line  in  bettering 
ita  oooditioii,  were  and  are  greatly  imperilml. 

Aa  several  meetings  of  tbe  stock  and  bondbolders  of  tbe  C.  C.  & 
I.  C.  company  have  been  beld  witbln  tbe  past  six  montbs,  it  is 
preeamed  that,  with  a  full  understanding  of  tbe  financial  condition 
of  tbe  company,  they  will  adopt  some  practical  arrangement  by 
wbicb  tbe  property  may  be  kept  intact  and  tbe  interests  of  the 
various  partiea  be  protected  to  tbe  greatest  possible  extent. 

COLUXBCI  CHICaaO  *    INDUMA  CBHTBAL  a4ILWAT. 

»—- Per  cent — . 
int.  int.        lacrssiB.  Decraasa.     Inc.     Dec. 


Pfoa  ri«i«tits.  t>,<n,Mtnti,t«8,o:et5 

~  n,4tl  00         14,Tn  M 


Keala..... 
MlacToai 
SeatoTKR 


tn^st 


HB,:nTT 
to.anoo 

unois  lunrte 

i,n4*i 

«,0n8tt«t,58t» 


ton,on  o> 
s.inai 

1«.1UI6 

at,««an 


114-10 
4  5-10 
16-10 
0  7-10 


lOt  9-10 
S8t      ..   .     !8»-IO 
1SS4-10    .... 


Total $S.8M,atttl  •4,4T7.«»M       ....      t<lt.*nM      ....     137-10 

It  will  be  noticed,  tbat  of  tbe  total  decrease  in  tbe  earnings  of 
this  coaul,  nearly  tha  whole  ia  covered  by  the  decrease  in  the  freight 
aamiaga,  which  atMaated  to  18  4-10  per  cent. 

Beyood  the  ndaotioa  ia  the  namber  of  tons  carried  wbich  only 
aaM>iiatad  to  5  04-100  per  eent,  tbereare  two  other  causes,  viz  :  A 
iacieaaa  ia  the  are»ga  number  of  miles  tbat  each  ton  was  trans- 
ported, whidi  in  1874  was  177  7-10  milee,  and  in  1873  IttO  710 
mllaa— a  deereaaa  of  aboQt  10  per  cent,— and  also  a  reduction  in 
Iba  n»»  reeelved,  which  In  1874  waa  1  0-100  ceoU  per  ton  per  mile. 
aad  la  1873  1  18-100  cents — a  decrease  of  10  per  eent.  Thvaverage 
rat*  raeaived  on  tlil«road,partieaIarIy  for  iu  competitive  businrss; 
la  vary  low,  the  latter  having  been  only  78-I00  eent  per  ton  per 
mile,  aad  did  not  aqoal  the  average  coat  of  moving  one  ton  per 
mile.  On  iu  local  boa) neaa  the  average  rate  was  1  43-100  cents, 
oakiog  a  gaOeral  average  of  1  9  100  cents  per  ton  per  mile. 

The  jtaseeoger  basloeaa  shows  a  much  belter  reaalt,  although 
aot  roameoaurate  with  tbe  Incraaae  In  tbe  volume  of  tbe  busineas; 
lor  while  there  waa  an  increase  of  13  per  cent  in  the  Dumber  of 
|iaaaaaK«n  carried,  all  of  which  waa  in  the  local  travel,  the  reven- 
aa  diewaaii  1  n  100  per  cent.  The  deereaaa  in  the  paaaenger 
raralaga  la  eompoaad  of  $34.19  91  Irom  the  foreign  travel,  lees 
aa  laewaas  of  %\%fHlk  90  frun  local  travel 

Tbe  laersaae  la  tba  revcane  from  local  travel  would  have  been 
malar,  aad  asora  tkak  safflcient  to  have  abeort>ed  tbe  decline  in 
tbaaaralay  from  tka  foreign  or  oompoUUve  travel,  bad  the 
araiag*  lata  baaa  eoaal  to  tbat  of  1879,  which  waa  8  47- 100  eenU 
p**  paaaaager  par  all*.  In  1874  this  rata  waa  8  29-100  cents— a 
fedaaHaa  af  orer  daar  eaaU  Tbe  average  rate  lor  tbe  foreign 
traral  la  1874  waa  f  90-100  eeaia— an  laereaae  of  a  mills. 


per  Om4'(  Trsaapasistlaa. 

-    ItMntvmm. 

ef  aay. 
a(  -^ 


int. 
9*M.u<a 

ISMaiM 

<t«,««ti 
tM.io«  n 

tK4tl  M 


itn. 

9i,Mt,utn 
i.an,ai  ti 

Mt.M  ts 


rtt  ct. 

Bur— ■■ 

Dec's* 

JtT4.tM  It 

ftn,m» 

»  MO 

tri-io 

tHSHM 

UMO 

n.in  18 

18  410 

rratt 

t 

Talal 9t,«n.MI  «    9«.tt4.«tl  II    <I.«I4,W1  n    tl 

Tba  above  stalfiat  abowa  a  larga  redaction,  and  la  to  be 
attrlbalod  to  tbe  deereaaad  amount  of  aerviee  performed,  and  to 
tba  t"««tit«g  of  espaaditare  for  the  aarvioa  that  waa  performed, 
eomparsd  with  1879.  The  redactlaa  la  the  aerviee.  on  tbe  baais 
of  traia  mileage,  waa  19  8- 10  per  coat  The  decrease  in  tbe  expen- 
dUaraa  tot  the  aarrtea  tbat  waa  parforoiad  la  to  be  meeaured  by 
tka  radaatloa  ia  tka  aspaaaaa  par  ■!!*  rtin  by  trains.  This  redac- 
tlaa wm  91  9^10  par  eaat— the  ozpaaaaa  par  mile  ni  '~" 
havlag  btaa  99  9S-100  eenu.  and  la  1878  88  110  eaata. 
aaaaaab  BALaaca  saaar— aac.  n,  mt. 


CaptlBl  Mack: 

p.  C.  A  (U.  L.  By.  Oa-OMi- 


mUway  

Doe  C.  d  A  L  C  BH.  Oe.,  ftor 

valaser  Mspllse  received 

Bt«Heenawe. taitH 

Dee  Utile  Mlaal  BB.  Oe.  tor 

Talae  ef  •eeplla*  lasatveA    JNjn 
Dee  Ultl*  iUal  BB.  Oe.. 


rTSIs*  af  aseeu  traae- 


for 


•4t,l 


Doe  a  A  H.  V.  Rr-  Oe, 

valae  of  tapplla*  rsealved.  lt,OTa 

Lfableforearnat 

^         jiee •l.m 

Paeetbgeaaipeales       ....  •IS.IU 

Mated r...  mjm 

Mlaatfaaaoas  llatUIUee....  i<>.4M 

TetalilsbOlttss ..  .9«,ltt,0U 


of  lUbllUlea  oT«t  I 
n,W74 


•ta,as 


In  1874 


Oo«t  of  PItU.  ClBB  A  SU  L. 

BaUwar 91t.'»l,88t 

DsfWred  uaMa- Addltloaa 

to  Cladaattl  street  cob- 

aeetlen  latlwar,  it   Dec. 

n.  int ujm 

SappHa tW.<«t 

Total  dedmedasMla..     941I.US 
Dae  tor  bellinssiitt  to  l«»'d 
leada-By  UL  Miami  KB. 

Oe 

By  OoL  Cbic  A  I.  C.  RR  Co. 
"btUV.  AT.  H.  RBCo 
»  a  A  M.  V.  Bj.  Co _ 

Total  doe  for  bcl'mrnta  tl, 
aacorltlee— Stock  I..  MUmi 

~    Blor  Company 

Uttl*  Miami  RRCo 


Is/.  A  Was.  RB.  Oo. 
.'•1.  Hp^o.  Imp.  Co.. 
Union  Dpt  Co  (Ool.). 


IDC  cnnTCTtlble  C.  O. 
a  I.  C.  Railway  Co.  ..  . 
DtsiTB  Bda.  O  C  A  It  BB  Co. 


ioa.m 
*n.4U 
nt.M4 

5.001 

its.nt 

10.000 

t,oon 

14  85.% 
10.000 
TJ.«W 

n5,ooo 
11,000 


Total  Bseeriltea •4n,U> 

Cash  la  teed*  of  Irassarer. .  tU,«t4 

Cash  la  baada  of  pajrmsttcn  4,ttt 
r«mltt«d  hj  a(«nU  and 

la  trsastto 111.131 

Dae  by  station  •gsn  ta  A  eoa- 

daoiofs m.aoi 

Doe  by  elbar  eonpanle*  —      877.111 
Dee  oa  mlsceUaaeons  ace'U.     4n.80l 

Total  asseU tOtHAIIt 

I".f.'°".r!'.'"!°^  $4,745,815 


14 


THE 


CHRONICLE 


[July  8,  1875. 


Tliia  tmou  ii  ID  couiposed  *•  (oUowb  : 

Lo*>  in  o^ur  ...iig  Little  uUmI  Railroad  during  the  jrear ..     $473,948  84 

iMu  In  operaUng  C.  C.  *  I,  0.  By  during  the  year a01,159M 

Total  loM $774.108  77 

Laaa  profit  in  opentlog  P.  C.  *  St.  L.  Uy  during  the  year 153,68i>  04 

Net  lo»a  for  1874  $«M,4M  71 

Add  lou  in  operating  1*.  C.  JbSt  h  Ry  and  leued  lines  prior 
to  l-.:4,  viz:  „ 

P.CASt  L.RT $823.782  40 

L.M.Rt<  .  ...„ 1,065,878  95 

O.C.ALC.Ry 2,835,781  80-4,145,898 65 

Total  deficiency,  aa  above  atated $4,';45.815  88 

At  tbe  annual  meeting  March  6,  1875,  the  folio winK  preamble 
and  reaolalions  were  adopted : 

Whereas,  It  belne  made  to  appear  to  thla  meeting  of  stockholders,  from  the 
report  of  the  Boardof  Director*  ihis  day  read,  that  it  is  advisable  to  ruliuve 
the  company  from  the  necessity  of  makinK  provision,  as  the  roupons  mature, 
to  meet  the  Interest  on  the  record  mortgage  bonds  of  this  company  for  flvc 
■tllluns  of  dollars,  lesiied  1 1  accordance  with  the  resolutions  of  the  slockhold- 
cn,  of  March  18,  1873 ;  also,  that  there  Is  a  large  floatiui;  deb',  outstaudine  for 
which  this  compacy  la  liable,  aud  lla  being  made  loappear  also  from  the  report 
at  aald  bi>ard  of  directors,  that  this  oomptny  hsa  no  available  assets  out  of 
which  said  Indebtedness  can  bo  paid,  or  otnerwise  satisfied  ;  And,  Whereas, 
Additional  sums  will  be  required,  from  time  to  time,  to  meet  the  requirements 
«f  the  tompany; 

Therefore,  Resolved,  1  hat  the  ftockholders  now  proceed  to  vole  by  ballot  in 
favor  of,  or  against  the  making  of  a  morli^nge  to  secure  the  payment  of  ten 
rallllons  of  dollars  of  income  Bonds,  bearing  interet't  at  the  rate  of  seven  per 
cent  per  annom,  maturing  iiriy  years  from  April  1, 1875,  and  payable  in  the  city 
ofPhlhMlelphia;  ol  which  issue  uf  income  bonds  such  an  amouut  shall  be  used, 
at  par,  as  may  be  necessary  to  retire  and  cancel  th<j  five  millions  of  dollars  of 
second  mnrtj^aiie  bonds  heretofore  issued,  and  the  interest  that  may  have 
inaluri  d  upon  the  same ;  and  the  residue  of  said  income  honis  for  the  purpose 
of  adjusting  the  fioating  indebtedness  of  the  company,  aud  procuring  addition- 
al facllliics  as  needed  from  time  to  time  for  the  business  or  the  company. 

This  was  unanimously  adopted  by  a  vote  of  137,051  shares. 

The  following  Board  of  Directors  was  elected :  Thomas  A.  Scott, 
Geo.  B.  Roberts,  Josiah  Bacon,  Wistar  Morris,  Stickland  Kneass, 
H.  H.  Houston,  Thos.  J.  Jewett,  L.  N.  M'CuUouph,  William  Thaw, 
Robert  SUerrard,  Jr.,  David  S.  Qray,  George  W.  Adams,  Alfred 
Gaither. 

As  to  the  present  existing  relations  between  this  company  and 
the  Columbus  Chicago  &  Indiana  Central  railway  company,  the 
following  preamble  and  resolutions  were  adopted,  viz  : — 

Wliereas,  The  C.  C.  &  I.  C.  railway  company  as  the  lessor  of  its  roads  to 
this  company,  has  failed  to  comply  with  the  terms  and  conditions  of  said  lease; 

And.  whereas.  The  late  board  of  directors,  by  advice  of  counsel,  did,  on 
the  STth  day  of  Oct.,  lS7t,  give  notice  at  a  meeting  of  the  stockholders  of  the 
C.  C.  &  I.  0.  railway  company,  that  unless  that  company  carried  out  tire  cove- 
nants aud  conditions  of  said  lease  by  January  1,  18T5,  this  company  would  file 
a  bill  a«king  the  Court  to  decree  the  speciflc  performance  of  such  covenants,  or 
f  nch  olher  equitable  relief  as  might  be  proper  in  the  pramises.  And,  Whereas, 
Said  company  having  failed  to  comply  with  said  cunditions  aud  covenants,  this 
company  has  filed  a  bill  askins  for  such  relief  as  aforesaid:  Therefore,  bell 
Resolved,  That  the  action  of  the  board  of  directors  be,  and  tne  same  is  hereby 
approved  by  the  stockholders,  anrl  the  board  are  Instructed  to  take  such  action, 
from  time  to  time,  nnder  the  advice  of  couneet.  as  in  the  judgment  of  said 
board  aud  counsel  may  be  nece^'sary  to  protect  the  interests  of  the  stockholders 
of  this  company.  Resolved,  That  said  C.  C.  &  I.  C.  railway  company  having 
failed  to  perform  the  covenants  to  be  performed  by  it,  the  board  of  directors 
are  hereby  Instructed,  if  so  advised  by  counsel,  to  hold  whatever  net  earn- 
ings may  be  derived  from  the  operation  of  the  C.  C.  &  I.  C.  line  after  January 
I,  1«75,  subject  to  the  further  order  of  the  proper  Court,  and  to  make  such  dis- 
position of  the  same  as  said  Court  may  direct. 

Atlantic  &  Pacific  Railroad. 

{For  tlie  Fiscal  Year  Ending  December  31,  1874.) 
The  annual  report  just  issued  has  the  following : 

EABNINGS  IN  1874. 

The  gross  earnings  of  the  Atlantic  &  Pacific  Railroad  and 
leased  lines  for  the  year  ending  Decembur  31,  1874,  were  : 

From  freight $3,359,807  91 

From  pawengers 1,406,9(15  88 

Frommalls 138,385  00 


Fromexp.ess :'.::;'.i:;       106','780  75 

From  mlsccUaneous  sources 49  141  79 


$5,074,430  88 
OPKBATISQ  IXPEN8KS. 

For  condnctlng  transportation «87g  .^g  gr 

For  motive  power '"  gor'ojs  13 

For  maintenance  of  way '.""  Ts-j'jei  jo 

For  mslntenance  of  cars *.*.** ','.',"  329' 976  25 

For  general  expenses  InillsBOuri ...'.'..'.'.'.'.'.'.'.'.'.'  I61,'l54  88 


$2,900,876  04 


Net  earolngi  in  1874. 


$2,173,654  79 

OBOSS   EABNINGS. 

1873 $4,984,8.53  09  1 

1814 5,074,4.30  83  I  Increase $90,177  74 

OPKBATINO  IXPEN8B6. 

1873 $8,0I7,8.'>3  33  1 

1874  8,900,876  04  |  Decreise  $116,383  34 

NET     EARNIMGS.  ' 

1878 $1,966,994  711       • 

^^''* 4,173.554  79]  Increase $206,560  08 

The  number  of  tons  of  freight  moved  on  the  Atlantic  &  Pacific 
lines  in  1874  was  1,181,388.  The  number  of  tons  moved  one  mile 
r/Sf^^^^'P"'^^-  '^^^  average  earnings  per  ton  was  $3.84  343- 
1000  and  per  ton  per  mile  was  .02  1111000  cents.  The  whole 
number  of  passengers  carried  over  the  Atlantic  &  Pacific  lines  in 
1874  was  78o,768i.  The  number  of  passengers  carried  one  mile 
^"^/Sin      'j  ^   average  receipts   per  passenger  was  $1  79 

00-1000,  and  per  passenger  per  mile  was  .03  443-1000  cents. 

ISCOlUt  AfCOtTNT,    DBOBMBEr.  31,   1874. 

Br. 


LAND  DEPAKTMBNT. 

Acres. 
There  were  In  the  State  of  Missouri  of  lands  already  conveyed  to 

the  company  and  remaining  unsold  December  Slst,  1874 1,131,136 

Add  deficiency  to  be  made  good  from  lauds  on  line  westward 391, 589  69 

1,5/8,665  59 
900,000 


Add  Unds  already  earned  in  Indian  Territory^ 

Owned  and  earned a,4S8,««5  69 

There  were  sold  during  last  year 7U,882  68 

The  amount  of  sales  in  money  value  were  $348,035  58 

The  average  price  per  acre  for  lind  sold  was 4  44 

Total  cash  receipts  in  laud  department  during  the  year.... ..     ....  162,844  02 

Less  operating  expenses,  including  prospecting  and  development 

of  minerallauds 82977  77 


To  operating  expenses  in 

„187* $2,900,876  04 

To  Interest,  rentals,  dlvl- 
denda,  and  general  ex- 

„P«»«» 2.388,68964 

To  balance  to  new  ac- 
count.          828,645  17 


$^S88,160  85 


Cr 

By  balance  Dec.  81. 1873..  $30,730  32 
By  receipts    from  Traffic 

Department  in  1874 ....  6,074,430  83 
By  receipts   from   lands, 

royalties  and  Interest.        468,989  70 

fo«'   »       .      ^    ^  ,        »5,6«8,150  86 
1878,  fan.  1. -By  balance 
to  new  account $388,645  17 


Net  receipts $130,684  20 

The  amount  due  the  company  as  deferred  payments  for  lands,  Doc. 
Slst,  1874,  was 989,!:64  82 

The  Atlantic  &  Pacific  line  ha«  been  constructed  and  opened 
into  the  Indian  .Territory  as  far  as  Vinita  for  nearly  four  years. 
It  has  not  been  deemed  wise  by  the  Directors  of  your  company  to 
enter  into  contract  for  construction  west  of  Vinita  until  Congress 
shall  provide  for  the  organization  and  settlement  of  tlie  territory. 

The  route  westward  from  its  present  terminus,  as  defined  in  the 
act  granting  the  charter,  lies  through  this  territory  a  distance  of 
three  hundred  miles.  The  conditions  under  which  the  territory 
now  exists  practically  forbid  the  further  prosecution  of  the  enter- 
prise. 

The  several  lines  of  railway  embraced  in  the  Atlantic  &  Pacific 
organization  have  been  substantially  constructed,  and  in  all  their 
appointments  as  to  equipment,  building,  &c.,  compare  favorably 
with  the  best  lines  in  the  United  States. 

The  shareholders  are  to  be  congratulated  upon  an  increase  of 
net  earnings  in  1874  of  more  than  $300,000  over  those  of  1873, 
notwithstanding  the  almost  utter  prostration  of  the  trade  in 
minerals  and  the  further  fact  of  the  destruction  of  cereals  by  the 
grasshoppers  and  drouth  in  the  section  of  the  country  contributing 
to  the  business  of  the  lines. 

CONDENSED   B.\.LANCE   SHEET,   DECEMBER   31,   1874. 

ASSETS 

Atlantic  &  Paciflc  Railroad,  Pacific  City  to  Vinita— 328  miles— 

and  equipment $36,710,139  00 

Paciflc  Railroad  (of  Miseonrij  for  permanent  Improvements 1,375,968  14 

Bills  receivable  45.^7  01 

Sundry  personal  accounts 48.1.59  55 

Uncollected  earnings , 480,34S  67 

Cash  in  St.  Louis ..  $.35,760  S6 

Cash  in  New  York 380,437  88—     416,848  44 

Supplies  on  hind 2J.3,783  61 

Stock  in  St.  Louis  Chamber  of  Commerce $87,00  00 

Bonds,  Little  Rock  &  Port  Smith  RR.  Co 84,600  00 

Stock  in  Beaver  Branch  RR.  Co    55,1)77  77 

Stock  iu  St.  Louis  Elevator  Co 25,000  00 

Other  stocks  and  bonds  of  other  r»ad8 64,153  88—     216,63165 

Land  debentures , 187,000  00 

Land  department 98,690  26 

Total $39,820,007  26 

LIABILITIES. 

Capital  stock  (common^ $8,.3o0,.300  00 

Capital  stock,  Missouri  Division  preferred 10,000.000  00 

Capital  stock.  Central  Division  preferred 1,400,000  OJ— $19,760,300  00 

Funded  debt 17  151,359  46 

Floatingdebt 1,405.513  00 

December  liabilities,  paid  In  January 577,999  20 

Coupons  and  dividends  due  in  January  and  February,  1875 696,190  43 

Income  or  profit  and  loss  account 318,645  17 


Total $39,880,007  26 

GENBRAL  INVESTMENT  NEWS. 

Atlanta  &  Richmond  Air  Line. — In  the  foreclosure  suit  of 
Wilmur  and  others  in  the  United  States  District  Court  at  Atlanta, 
recently,  it  was  ordered  that  said  case  be  referred  to  Julius  M, 
Patton,  as  special  master,  who  will  examine  and  report  upon  the 
number,  character  and  description  of  the  outstanding  bonds  ;  also 
of  the  other  liens  or  encumbrances  existing,  or  claimed  upon  any 
of  the  property  of  said  company,  their  amount,  validity  and  prior- 
ity in  relation  to  each  other  and  to  those  mentioned  above. 

Boston  Hartford  &  Erie.— In  the  Supreme  Court  at  Provi- 
dence, 11. 1.,  June  30,  a  decree  was  entered,  upon  a  petition  of  the 
Trustees  under  the  Berdell  mortgage  of  the  Boston  Hartford  & 
Erie  Railroad  Company,  for  power  to  convey  the  property  to  the 
New  York  &  New  England  Railroad  Company.  This  to  be  without 
prejudice  to  the  rights  of  any  person  or  corporation  claiming  to 
hold  stock,  whether  common  or  preferred,  in  the  Hartford  Provi- 
dence &  Fishkill  Railroad  Company,  or  of  any  person  or  corpora- 
tion not  a  party  to  this  suit. 

Boston  &  New  Yorlt  Air  Line. — This  company  (late  New 
Haven  Middletown  &  Willimantic)  was  org<vnized  at  Middletown 
on  Thursday,  $1,700,000  of  the  $3,000,000  of  thei  whole  loan  being 
represented.  Samuel  S.  Sands,  of  New  York,  was  chosen  Presi- 
dent;  H.B.Hammond,  of  New  York,  General  Manager;  D.  B. 
Hatch,  of  New  York,  Secretary  and  Treasurer.  It  was  voted  that 
the  new  $500,000  mortgage  loan  should  be  offered  to  the  stock- 
holders first,  and  when  put  on  the  market  should  not  be  sold  at 
less  that  95  per  cent.  The  oflSce  of  the  road  is  to  be  at  Middle- 
town,  and  seven  of  the  thirteen  directors  are  Connecticut  men. 

Chicago  Du1)n(iue  &  Minnesota— Chicago  Clinton  & 
Dubuqne. — A  meeting  of  the  bondholders  of  the  Chicago  Dubuque 
&  Minnesota  and  the  Chicago  Clinton  &  Dubuque  railroad  com- 
panies was  held  in  Boston  this  week  to  hear  the  report  of  the 
Committee  of  Inve.stigation.  The  report  states  that  up  to  Feb.  28, 
1875,  $352,023  73  were  unaccounted  for  in  the  Construction  and 
Railroad  coiirpanies'  accounts,  and  that  wasteful  and  extrava- 
gant management  is  apparent.  It  embodies  the  opinion  of  Judge 
Hoar,  to  the  effect  that  any  bondholder  who  has  purchased  bonds 
on  the  faith  of  the  circulars  of  June?,  1871,  or  March  7,  1878,  he 


July  8, 1876.] 


THE  CHRONIGLR 


16 


Ma^k  stockholder  of  the  Chicago  Burliairtoa  k  C)aiDcr  road,  uDd 
•till  holding  booda,  ma/  bring  a  aait  agaisat  any  or  all  of  the 
membera  of  tba  Oaaalraetioa  uiipaiilaa.  who.  aa  dircetora  of  the 
Chicago  Borllagtoa  ft  QalBcuoaiBaBT,  rotad  for  the  iaaue  of  ibeae 
ciicAlaia.  It  ia  MX  ao  daa^Sat  Oa  boldefa  of  bonda  parehaaed 
in  opao  sarfcat  weoid  haw  aiieli  lamedy. 

Amf  bendlioldar  may  atie  the  W— taaa  oi  the  Chicago  Dobaqoe 
*  MiaaeaoU  mortgaga  tor  aajr  dapneiaUoa  in  the  valne  of  their 
bonda  caaaed  bj  their  iaaoing  Tarkey  River  Branch  Iwada  in 
TiolatioBoftruat,  and  against  the  directors  of  the  CUieaoo  Bar- 
liagtoa  ft  Qnincy,  wlio  are  members  of  the  ooostmetion  companiea, 
for  any  depraciatloD  arising  fraoa  the  sale  of  these  bonds  to  third 
parttM  withoai  noiiee.  The  eoamitlae  waa  iostmctrd  to  eootinoe 
— goliations  with  tbe  partlea  agalast  whom  claima  are  sappoaed 
to  axial.  la  ease  sUpalationa^atiafaetory  lothem  are  ofTered.ther 
an  to  aaad  drealars  agreeing  to  a  foraelosnre  to  all  the  bondbold 
am  fw  ibelr  ateaataxai.  In  eaaa  the  Bagotiatioos  (ail,  aoita  are  to 
be  bwgfct.  u  eaae  the  ■egodadona  are  eoneloded  and  signed, 
Ae  eoeimittae  are  to  eoatiaae  taeir  InTestigatiooa,  and  take  pro- 
eaadlaga  to  seeore  the  right  of  bondholders  aa  mortgagees. 

Sanyeaa  ft  Nwrtk  AMerieaa.— There  waa  a  meetlog  l»r  the 
eiedllora  of  the  cooaoUdated  Buropt>an  and  North  American 
BaUroad at  Baagor, Jaae SSth.  The  Ireaaarer preaealed  a  report 
of  tiM  flaaaeiM  eeaditioa  et  Ike  coapaay,  abowing  tbe  foaded 
deU  to  be  #<.785;MI0.  aad  all  other  iadeUedaeM  ^A81,749.  The 
aaMta  am  MC  Bileaof  railway  ia  good  eoaditioo.  aad  eaaipmeats 
eaniag  fMB,«l< ;  real  eatat«  in  Baagor  aad  St.  John.  filS,897 ;  a 
giaat  of  about  six  miUioo  acrvs  of  laad  from  the  State  of  Maiae ; 
aad  etfter  irrTT.  $l]i;:.OOU.  The  Piaeataqaia  branch  ia  not  in- 
daalad  la  this  staiaraeat.  A  aoaualttee  area  appelated  to  iares^i- 
gale  the  aflhiia  ef  the  road  aai  lepovt. 

lateraatiaaal  Sallraad  af  Taxan— Adriera  from  Mexico 
stato  that  alter  four  yearaof  aegotiatioos,  tbe  contract  which  was 
neacladad  ••  DaOHaber  19  betwaea  the  Mlabrtar  of  PabUe 
Watki  aad  Iha  Boa.  Edwari  Lee  Plamb.  ea  betuOf  ef  tbe  later 
aailsMl  MaOnui  ef  T«saa.  hM  beca  latlflod  hj  the  M ezieaa 
OiMiwa,  by  a  eo«e  of  116  to  Ij.  aad  the  eaaaaHloa  le  aow  a  law. 

no  esaeiBilea  ptorides  for  tbe  maetraatloa  ef  a  railroad 
e(  the  Blaadard  gaage  (4  feet  8^  ladiee)  >re«  the  City  of  L«oa, 
la  tke  Siato  or  Cfiiaaajaale;  lo  the  Rio  Braro  Del  Norte,  there  to 
I  whh  the  lateraatiaaal  Baitioad  el  TexM.  The  prsdse 
be  feOewad.  whsifcii  by  Baa  LalaPaioal.or  by  Agaae- 
iialiMi^  aad  Dataago.  la  Ml  ta  be  deteimlaad  aa 
Aall  be  foaad  to  be  aMol  prajilsabls  aad  dwitabli  by  tbe  ear- 
eaysL  Tbe  dlMaaee  to  be  eawtoaeiad  la  bMvaea  60O  aad  TOO 
ailMa. 

ia  aid  ef  tbe  esaatraetloa  el  tbe  read  tke  Masleaa  Oorerameat 
gtTos  la  iIm  aoMoaay,  la  the  akaaMisa  of  daaaitaa.  a  aabveatloa 
of  H^OOpw  >UaaiWsr(»Hjm  pm  aiUeV,  p^able  with  M  per 
aaM  a«  all  the  iatpert  daliaa  aaaasd  la  Ika  fkeadier  Cmiom 
)«f  tiMRloUiaadaaadltelal 


■The  rBBdlBg  Beard  i 

Mr.  Baldwla  ealled 
foad  Ika  t»0.4 


of  which   is  secured  by  the  unpaid  balance  of  the  ooupons  to 
surrendered,  held  in  trust  for  that  purpose  by  the  trustees. 

New  Jersey  ft  New  York. — The  following  sutistioa  of  this 
road  are  furnished  as  for  the  halt  year  ending  May  1,  1875  : 

Jtttim  Ltiu—ltt—j  City  to 

stony  l^ilnt 31    mllM. 

AraaM    l.iiw-Nuiaet     to 


.New  CltT 4X     " 

Numb«rorlocomolivn....  8 

Pusenieer  umln  can to 

rrclciit  tialn  cars  (S-wh.). . .  *> 


inr  earning* $98,974  SI 

Fretrntpwnlngt. 11,109  TS 

EanuD£«,  other  KMireM....      I;ST8  01 


taxes tU.I80  1S 

Nelewntng* tT,48l  M 

Cost  of  road,  bnnding«,ac  1,*11,0M  01 

C'Mt  of  equipment 118,780  10 

BIIU  raceinble U.4M  01 

Material*  and  fuel  on  hand.      S,MO  » 

Caahoahand 1.8SI  W 

Capital  slock  paid  up 1,181,400  00 

l*t  mart.  1  per  cent  gold 

bond*.  .  l,SOO,On  10 

OnUtaodlDg.  811,800  00 

Ftoadogdaot a80,Ul  SI 


Total l>S,lbt  07 

Opantlag     expense*     sad 

The  road  is  reported  to  be  stesdily  tnereasing  ita  bualooas,  and 
now  runs  sixteen  trsloi  a  day,  with  fire  on  Sunday.  Several 
factories  have  been  started  on  the  line  of  the  road,  employing  in 
tha  aggregate  some  seren  hundred  hands.  A  branch  line  is 
being  ballt  which  mni  Into  the  property  of  the  Qa'ner  Print 
Works,  from  whieh  company  a  large  freight  business  is  ex- 
pected. 

New  Orleaas  St.  Lasts  ft  Chi«aro.— At  the  annual  meeting 
held  Tharaday.  at  90  Naawa  street.  New  York,  the  old  boarl  was 


T  re  elseiaa.  H.  S.  McComb  was  anaaimonsly  re- 
eteeled  Pia^daat,  8.  H.  Edgar  and  A.  M.  Weat  re-elected  Vlee- 
PraaideaU.  R.  Beharlaa  re-eleetnd  Treaaurer.  William  Calboaa 
r»-«lected  Seeretary,  Oen.  K.  P.  Neeley  re.  elected  AaaiMaat 
Secretary.  Exeeotive  Committee — Wm.  H.  Osbom,  Junius  ll. 
AlesaDder.  Jacob  &  Bogera,  Wm.  U.  Maey,  II.  S.  McComb,  Preal- 
deaL 

Martftera  Parile  Ballraad.— A  meeting  of  bondholders 
was  held  ai  the  odlee  c(  tbe  eompaay,  at  N  o.  33  Filth  avenue,  for 
tlia  parpoaa  of  ado|>dag  maasarea  to  re  or  ganise  tlie  company. 

Coi.  tiareet  opeaplad  tke  chair.  It  waa  sttted  by  thecounsel  for 
plaialifla  la  the  loeadoaars  suit  that,  with  the  assent  ol  all  parties, 
tke  Oaaft  ImmI  baaa  askod  to  modify  tke  decree  of  sale  ao  aa  to 
•tmava  all  objeellaaakia  preferaaese  of  floating  eredltora.  The 
awdiflealioaa  thus  aakad  tor  ware  approved  by  the  meeting  and 
aeeiplsd  aa  saiisfaetary. 

The  followlag  adJMMMat  Is  proposed  aa  to  stock : 

The  cseiM)  alack  et  |be  aoaipaaT  ih*n  bs  as  txad  la  tiieact  of  tnoorpo 
rwlaa,  aaS  alMU  b«  divtdat  iato  praf*tT«4  aad  eoauMa.  On  tbe  aal*  of  iha 
laUieaJaaSUMoiairytaMily.aad  iba  aivriMea  of  Uil*  tbarsto  by  the 
Hiw^ili*  ahora  auai^  ih*  pr«**al  itailrbnMsia  shall  sarraed**  thstr 
hiad*  of  tbe  said  commttlML  to  be  beM  by  them 
laals  of  title,  to  M  a*sd  accordingly 


slack  fhsM  ta  «aMs4  aa<  issaad  la  lb*  sswaat  »(  $at.00e.00U 
IstUj  of  thspaie  «splial).  foe  Uw  roUowlag  parpoae* :   To  rallru 


LaiMsHTe  wanaata,  aad  BMved  that  they  be  not  foaded. 
He  Mid  laat  ka  raeogaiaad  Ike  validity  aiad  eqnlty  of  tbe 


bat  ke  did  aal  tklak  tke  board  kad  a  right  la  foad 
aay  iadWal  astlaa.  Tke  ■elloa  waa  adopied.  T< 
BaM«la.Pkalpa,aad  CUaloa.    Nays— Dakajlel. 


MaMtut  M  rartac*..— ft  iHiyslsk  to  ika  Ckleag*  iMrr  Omm 
fMaMadlaM.WIa-.  Jaaa»,«^:  Tka  caw  ef  ika  Madlaaa  ft 
PMaga  nllMad  agalaai  tke  Kortk  WlacQMlaaad  aikar  raUieads, 
aad  fltola  Tiwaarer,  lesiraiaiag  said  road  Ireai  ilispusliig  of  the 
Hl  Croix  laad  graal.  aad  farWddiog  iba  Suto  Tiaasarer  fiaa 
aaylag  over  Ike  moaey  laerived  by  dim  trom  trsapasa  aa  Ika  St. 
CMtx  graal,  wkiek  kas  beea  balsra  Jodgoa  Praiawiwd  aad  Hop- 
klaa  la  Ika  Uatlad  Stales  Cbcalt  Oaert,  a  aa  decided  iklaaMialag. 
SMfl  kalda  lka»  Ifts  Madlaoa  ft  PotlMi  laUraadia 
1  laa4s  la  tka  fall  aMaaal  fngiiiig^  la  il  at  six  sasiioaa  to 
the  Mile  eat  ef  tke  ladeawlly  UaiUs  o(  tbelaad  graal  aal  af  U0O. 
Saeoad,  tkat  tke  act  of  CoagraM  of  1W4.  did  aet  rrprat  aor  Modify 
the  act  of  lOM:  that  tka  tadsawlt*  limits  af  '  f  1056  are 

ratiraly  to  laeot  all  dsMu  of  laada  in  plaeaa  ,•  na  to  Ik* 

aaveralaasiloaa<if  Ikasaad.    As  to  qoeailoaa  aa  to  now  Uada  la 
'  llaiu  aia  to  ba  divided,  aad  as  to  what 


naaaw  nana  aia  lo  ea  aivMiea.  aao  as  lo  wnat  rmapanwa 
tka  Hsdisaa  ft  Pailaga  arate  aatlttod  to  partkipato  la  tbe 
i,lkacoail  tisstf  HadadsioB  naailkakaariagof  tkecaee 


kaaitegefi 
am  lla  ■ertta.    Tbe  Madlaoa  ft  Portage  ecMpaay  acealre  aboat 
180,000  acrae  of  land  by  thla  dadaioB,  aad  Piasidaat  daaipbcll  te 
kappy  over  tka  fatora  of  hia  road, 


at  aalfeortaed  by  Uw  eb«rl«r,  lv>« 

Tb*  hoMac*  of  UU  atock  iball 

la  asra  jmr,  U  lb*  dl*erMtaa  sT  lb*  Baud  of 

igeaxoMd  aa  aaMaal  iaMdaat  to  pay  lai«r**t 

(laad  aalbaaBngi«*4*bu  aad  ■  par  «*al.  oa  ib*  iic«r*rr*d 
mtmtm  at  MsMoc*  (iMn  be  la*a«S  to  koMar*  of  ar  to  tao**  now 


Ito 


Maaahli  ft  LlMla  Back.-Mr.  Dow.  as  ageat  for  tka  ti 
Ikoidapasi     ...  .     — 


of  tka  road.  Tbn  aiattor  will  pro)>ably  ba 
to  Ike  eoartSL  Proatdeat  iinsaisw  siaua  tkat  hi» 
alfssi  la  taratsg^orer  tke  road  ta  tke  iraMsaaf  Ika  flisl  ■erlfsfa 
ksadkaMera  waa  to  praveat  a  ftoreeleaare  of  Ike  awftgage,  aad 
to  sacaie  tha  eaiployesa  la  their  peat  doe  wagea,  and  iImI  ha  has 
riMMsdly  attaiapled  to  aeear*  a  quoraa  of  direetora  to  lake 
asilHIti  the  taatirr.  bat  haa  tailed. 

MIftlaaa  OatraL— At  the  rlertios  held  at  Detroit  for  dlrra- 
M(fl  of  tka  MMUgaa  Central  Railroad  CoMpany,  the  lollowing 
caatlanea  wswaaaalmonalv  ol^-ini  -  Jamaa  P.  Joy,  Orarge  P. 
Tainan.  MoaasTSrlor,  :  .~1   8loan,  Nathaniel 

Thayer,  Joha  W.  BwokK  locy  Bartlnt. 

Mfaaaari  Blvsr  flirt  iwott  *  i.iiif.—ii older*  of  coupon*  No 
10.  dae  Jaaaary  1, 1874,  oa  the  flrat  mortgage  beads  of  ihia  eom- 
paay. are  aetlfed  that  apoa  aaneader  of  sa«e  al-the  Tr«a«ater'* 
oflee,  M  flsan  Baildiag,  Besloa,  they  wHl  reoeive  one-half  of 
Ike  laea  ihswof  is  cash  aad  Ike  ottwr  balf  ia  tbe  six  wontbs 
I  ef  this  ecMMay,  due  Jaaaary  1, 1876,  paymen  ' 


•alTued  la  rcftlleabM,  Man  Car  ahar* ;  aad  Ifef  r*Ma*  latably  to  tbo**  orig 
laally  *atllM  l»ir«to  «t  dMir  ■■•Ina. 

Aa  to  'Jie  length  a<  Ubm  within  which  boodholders  might  par- 
tlcipato  la  the  baaatis  to  lx<  derivsd  from  the  parehaae  of  tbe 
property.  It  wm  flaally  rseolved  that  tka  time  be  lelt  to  tha  dis- 
cretioa  of  the  cotnaillter. 
TIm  followlag  rMotatioaa  ware  paassd  by  tbe  meeting  duriog 
iiMlaa,  tkoagh  aol  la  la  Dm  order  girMi : 

.  bwtatf;  nal  IbebSMwaaf  lb*  csaMoa  stack  aball  bav*  ao  toUiw  power 
aaill  •«aa4*nar  Jaly  k  m. 

ftM'SMi,  Tbai  lb*  aMUHlwhkbl*r***(T*dfaitb*4*a«*(orMl*)lo  pay 
■aa*y**4na<«lalaatlhsd»«aan  af  lb*  tisl  ■sfigag*  bsads,  bs  psld  pre 
nM*  w  lb*  BwU**  aba  bsva  aMa  Iha  esvaassib 

ftwMad, Tbal  aa assMSSMat  Mlib* lsvl«d  woa  heedbolder*.  bat tkal  Ih* 
eiM4  tt  poRha**  aM  Msea**  *f  IwUuaara  aad  albar  pieo**dlBg«  abaU  b* 
paMaatof  a***aMssaiib*laeasMor  tbaOMapaay. 

ftHftlMli;  Aal  Ibi*  MfsUac  (ee**!*  sad  ad  >p«*  Ih*  laport  of  tb*  oommlttin 
apaqlMldglgk*  Uib  silfaicb  BMallag,  tad  sapreva  ar  Iba  l*gal  proc**dlaga 
isk«a.  WMKc  lb*  «■■«■  "«U  of  Ihe  d*ct**  pcnpnaad. 

The  fotlowing  ia  Ihe  method  propoeed  to  completo  and  eqaip 
the  rood : 

y»  laeiMe  lbs —SMtaee»pl*W  sad  sqaip  Iha  read  lb*r»  iball  b*  l*ni*d 


aeiaally 


*xe*«d  aa  svsngs  of  •M.tOO  per  mil*  of  road 
by  lb*  l>N*Mtat  of  the  UalMd  8ut«*,  to  be 


ar*d  Mr  a  «— «sf  sr  Bort«(a||«a  wMM  ahsn  b*  a  tnt  and  pvamoast  U«n 
tb*wb*4«lla*o?lb*iaad.  uuemauulaadleb*  eeaatracted,  aad  oa  the 

aq«lpa*>t,prop*rty,  leads,  sad  fiaacbUsa  seqalrad  and  to  be  ac)nlred. 

)ac*adlMUi*fraadUMiebssoarparslioa,*abiecloalr  to  the  right  of  the 
~  to  ooavsrt  tbdr  alocK  Into  lb*  land*  of  th 


of  lb*  pra(kR*d 
r,  Bowowaadar 

Mel 

e«*«fikaMfaaaf 


raaflar  to  b«  acoalrad  ea*t  of  ta*  j|l**oan  Klver,  in 
Terrltarr  of  Dakota,  aad  atoo  th*  riabt  lo  •ho  pro- 

___*d*.  ►>  b* •*•<•*  therxtlagalataaenl  of  Mid  atock. 

aattlaaydafaelltoaablBtheproTUIaaaorthlaaioitgw*,    Theprlnci     ' 
tbaa*  bead*  Aall  b*  nyiMe  foflr  yean  after  date,  and  th*  intcreet  and 
lag  read  say  be  made  psf  able  la  gold. 


clpalof 
'  ftak- 


Hacraaeato  Talley— I'entral  Paeiac— The  Sacramento  Val- 
ley RallroBil  belnnga  t«  tlie  Ontral  Paclflc  syalem.  Iceland 
Stanford  ia  the  PreJdeni  aa><  Mark  Hopkins  Treasurer.  On  the 
lat  lastaal  the  0rst  mort^Kn  Ininds  of  the  company  matured,  but 
the  boldera  thereof,  on  presenting  them  for  payment,  instead  of 
m-eivinx  the  par  ralue  in  ooin,  u  they  expected,  received  the 
fnllowioK  extraordiaary  circular : 


**Tb*  Saoaamto  Tallay  Rallioad  Ooopaay  nibmlu  to  lb*  bold*r*  of  Ita 
Iral  anrtgag*  boada,  tullBg  do*  July  I,  UTS,  ths  rollowtng  proposition,  tU.  : 


16 


THE   CHEONICLE. 


[Julys  1815. 


"  To  rim  the  hoMmi  of  lt«  Mid  bondu  »  Joint  nolo  of  LeUnd  SUnford,  C 
P.  H  °n?^»llo«'  "Crnopkl  "  ,n.l  Ch.rloi  Crocker  for  th«  .mount  of  „ald 

ini«r.'at  at  Ihe  rate  of  Bvc  (5)  per  ccntnm  per  annnro,  and  to  bo  payaoie  an 


AugortTlrti^^ch  aud  all  of  .aid  payment,  to  be  made  at  'he  Bankin?  Uonse 
o<  iStnra  Ko«eno  KellT  *  Co..  In  the  City  of  New  York,  and  '"  b«  ai""" 
Sod  b?7h«mte  the  holder,  of  «id  bond..  ,Tl.e  "fo™ '»W  note  to  be  de- 
EStod  wlih  and  held  in  tfrow  by  th«  Mid  Eu-cne  Kelly  &  Co^who  will 
JSo  rVce  ve  the  "aid  llr.t  m-rlRaBe  bond,  ar.d  hold  th  m  in  «"«»  for  the 
SJ^I^  thereof  nnlll  the  fnll  payKt  of  the  principal  and  l>;t"«»t  "f  'he  fald 
ooteln  aroordanco  wlih  the  term,  above  mentioned,  when  they  areto  be  sur- 

'^•oL'f.iSl'vlSg^Sld'lSfndS'frSrihe  holder,  thereof,  Me.sr..  Eugene  Kelly 
A  Co.  will  receipt  for  the  Mme,  a.  follow^  vlr. : 

"  Koceiwd  of  Thousand  DolUr.  (t )  o'  *^o  Firrt  Mortgage 

Bondfof  The  Sacramento  Valley  Railroad  Company,  to  be  held  In  accordance 
with  the  foregoing  proposition. 

SaTaniiah  &  Cliarleston.-The  South  Carolina  Supreme  Court 
bas  set  aside  the  decree  of  the  Circuit  Court  on  appeal,  and  has 
ordered  that  the  road  b«  put  in  poggasBloa  of  ilie  ComptroUer- 
General  ol  tlie  State.  It  is  said  that  this  act  will  not  affect  thn 
BUndiog  of  the  creditors,  but  it  will  put  an  end  to  the  proposed 
•ale  of  the  road  for  $1,500,000,  which  was  authorized  by  the 
Circuit  Court.    This  action  is  taken  under  the  law  of  1869. 

That  portion  of  the  road  which  lies  in  Georgia  has  been  seized 
under  an  execution  for  $50,000,  and  will  be  sold  at  Sheriffs  sale 
July  6, unless  some  arranjfement  is  made.  It  is  thought  that  the 
caae  will  be  appealed  to  the  Supreme  Court. 

New  York  Boston  &  Montreal.— In  the  case  of  the  Banque 
Franco  Egyptienne  et  al.  agamst  John  Crosby  Brown  and  the  New 
York  Boston  &  Montreal  Kailway  and  others.  Judge  Blatc'iford 
has  made  an  order  appointing  Herman  R.  Baltzer  and  William 
O.  Taaks,  composing  the  firm  of  Baltzer  &  Taaks,  soecial  receivers, 
with  the  usual  powers  of  receivers  in  like  cases  in  equity,  of  the 
$740,000  of  the  first  mortgage  bonds  of  the  New  York  &  Boston 
llailroad  Company,  and  of  the  $85,000  of  first  mortgage  bonds 
of  the  Dutchess  &  Columbia  Railroad  Company,  and  the  receivers 
are  directed  to  retain  the  possession  of  said  bonds,  and  directed 
to  represent  the  bonds  and  protect  and  maintain  their  validity,  for 
the  benefit  of  the  parties  who  may  finally  be  adjudged  to  be  en- 
titled to  them.  As  to  the  other  matters  involved  in  the  motion 
the  hearing  is  adjourned  to  the  first  Saturday  in  October  next. 

Toledo  M'abasU  &  Western.— A  meeting  of  the  holders  of 
the  Seven  Per  Cent.  Equipment  Bonds  issued  by  the  Toledo  & 
Wabash  Railway  Company  was  held  at  13  William  street,  on 
Monday,  June  38th,  at  which  a  committee  of  three,  consisting  of 
B.  F.  Ham,  Charles  Jackson  and  J.  W.  SuHivan,  was  appointed 
to  take  such  measures  as  might  be  deemed  necessary  to  protect 
their  rights.  These  equipment  bonds,  till  recently — since  the 
default  in  tlie  payment  of  interest — commanded  a  higher  price 
than  any  of  the  subsequently  issued  bonds  of  tlie  Wabash  Com- 
pany. Recently  some  of  the  holders  of  the  latest  class  of  bonds, 
known  as  the  gold  interest  or  second  consolidated  bonds,  have 
taken  steps  for  foreclosure  of  their  mortgage,  and,  it  is  said,  dis- 


pute the  right  of  the  convertibility  of  the  equipment  bonds  into 
the  first  consolidated  quarterly  bonds.  In  the  indenture  of  the 
last-mentioned  bonds,  dated  February,  1807,  it  is  mentioned  that 
all  the  funded  debt  of  said  company,  including  that  secured  by 
mortgages  as  well  as  that  not  secure^  by  any  mortgage,  amounts 
in  the  aggregate  to  |ia,309,000,  besides  interest,  and  then  goes 
on  as  follows  to  enumerate  seriatim  the  different  issues  of  bonds 
made  by  the  various  corporations  consolidated  under  the  name  of 
"  The  Toledo  Wabash  &  Western  Railway  Company." 

«900  000— Toledo   &  Illinois  Railroad  Company  first  mortfjage  on  that  part  of 
the  road  running  from  Toledo  to  the  westerly  bonndary  line  of 
the  Stale  of  Ohio,  about  75  miles. 
1,000,000-Toledo  &  Wabash  Hal  road  Company,  second  mortgage,  on  the 

foregoing  75  miles, 
2  500  OOO— Lake  Erie  Wabash  &  Bt.  Lcnis  Ra'lroad  Company,  llrst  mortgage 
on  that  part  of  the  road  running  entirely  through  the  state  of 
Indiana,  about  168  miles. 
1,600,000 -Wabash  &  Westirn  Railway  Company,  second  mortgage,  on  tlie 

last-named  16S  miles. 
!i  600,000-6reat  We  tern  Railroad  Company  of  1859,  a  mortgnge  nu  that  l>art 
of  the  road  extending  in  the  State  of  Illinois  from  Naples  and 
Meredosia.  as   its  western  tefmini,  to  the  boundary  line  between 
the  States  oflllinois  and  In'liana,  about  179  miles.    These  are  now- 
known  as  first  mortgage  bonds. 
2  500,000— Great  Western  Railroad  Company,  of  1869,  being  a  morteage  on  the 
last-named  179  miles.     These  are  now  kmwn  as  second  mortgage 
bonds. 
600,000— (Jiiincy  &  Toledo  Railroad  Company,  first  mortgage,  on  about   34    . 
miles,  running  from  the  west  bauli  of  the  Illinois  river,  opposite 
Meredosia,  to  Clayton. 
800,000— Illinois  <fc  Southern  Iowa  Rail  road  Company,  first  mortgage,  on  that 

part  of  the  road  from  Clayton  to  Carthage,  30  miles. 
600,000— Toledo  &  Wabasu  Railway  Company,  due  May  1,  1833,  and  known 
as  equipment  bonds 
1,000,000— Toledo  Wabash  &  Western  Railway  Compans-,  due  April  1,  1871, 
and  known  as  Sinking  Fund  Bonds.    (This  last  issue  has  since 
been  converted  Itto  the   coueolidated  convertible  quarterly  cur- 
rency bonds.) 
The  equipment  bondholders,  who   wish  to  join   in   protecting 
their  interests,  may  send  their   address  to   Mr.  B.   F.   Ham,  the 
Chairman  of  the  Committee,  at  23  Nassau  street,  without  delay. 

Utica  Ithaca  &  Elinira. — The  Ithaca  Journal  says :  As  the 
new  board  of  directors  and  officers,  comprises  such  substantial, 
shrewd  and  energetic  men  as  Henry  W.  Poor,  of  New  York,  Gen. 
George  Magee,  of  Watkins,  Dr.  Edwin  Eldridge,  of  Elmira,  Gen. 
Burt,  of  Boston,  H.  P.  Goodrich,  of  Cortland,  O.  B.  Curran,  of 
Ithaca,  Joseph  Rodhourn,  of  Breesport,  and  others,  the  enter- 
prise cannot  fail  of  speedy  completion,  no  matter  how  much  it 
may  be  opposed  by  adverse  circumstances  and  obstinate  individ- 
uals. It  is  now  anticipated  that  by  October  1  through  trains 
will  run  from  Elmira  to  Norwich  and  Utica,  and  that  the  present 
130  miles  in  operation  will  be  increased  to  at  least  150,  doing  a 
very  large  and  profitable  business  that  must  fall  to  it  as  naturally 
as  electricity  follows  the  best  conductor. 

Western  Union  Telegrapli  Company.— The  subscriptions  for 
the  Western  Union  Telegraph  bonds  amounted  to  about  $4,700,000 
at  95.  The  bonds  run  35  years  from  May  1,  1875,  with  7  per  cent 
interest,  payable  May  and  November.  They  are  convertible,  until 
May  1,  1885,  into  Western  Union  stock  ;  and  they  have  an  annual 
sinking  fund  of  1  per  cent,  which  will  be  invested  in  the  bonds  by 
yearly  drawings  at  par,  but  holders  of  drawn  bonds  are  not  obliged 
to  accept  payment  before  maturity  if  they  do  not  choose  to  do  so. 


MONTHLY  EARNINGS  OF  PRINCIPAL  RAILROADS. 


<— Central  Faoi&c. — > 


1874. 

(1,219  m.) 

(848,558 

804.044 

8S2,4M 

1,110,624 

1,811.999 

1,886,616 

1,S8«,»40 

1.!«».557 

l,871,Ti9 

1,465,515 

1,814.000 

1,150,000 


187; 

(1,219m.) 
$890,000 
#12,000 
1.192,000 
1,365.000 
1,797,000 


Cin,  L.f.  ^Chicago. 

1874.  1875. 


Denv.&BioOrand:. 


(75  m.) 

$39,663 
36,.V37 
86,792 
.',9,902 
83,618 
.31,870 
35.126 
34,650 
40,105 
44,668 
38.687 
42.800 

$453,718 


(75  m.) 
$33,790 
27,213 
30,024 
.32.710 
30,328 


1871. 
(120  m.) 
$19,.i30 
19,124 
21,287 
29,673 
38.083 
39,162 
40,782 
36,188 
36,498 
35  516 
28,823 
29,993 

$376,659 


1875. 
(120  m.) 
20,364 
2:i,660 
26,500 
82.162 
35,630 


$14,281,714         

Internat'nal  &  Ot  S.     . — Kansas  Fac  fie.—,    ^Michigao  Cent.-^ 


1874 
(382  m.) 
$139,116 
f  115,896 
»•  91.130 
£  76,867 
S  73,.S87 
T  75,144 
r  70.496 
•■  73,503 
£  105,945 
S)'>7,418 
■Tn8,61» 
L«00,756 

$1,361,569 


1875. 

(456  m.) 

$122,575 

112,500 

104,661 

85,2.55 

30,858 


1874 
(672  m.) 
$170,319 
178,429 
216,774 
292,143 
316,617 
316,439 
29.'i,247 
158.294 
302,318 
.358.166 
275,847 
23:1,401 

$3,140,954 


1875. 
(672  m.) 
$102,737 
188,496 
242,033 
291,651 
289,706 


1874. 
(312  m.) 
$647,4(6 
513,016 
615,930 
683,802 
635, 17« 
581,782 
519,8J2 
603,8;)5 
687.703 
7.jl,596 
654,206 


1876. 

(812  m.) 

$500,902 

441,623 

611,211 


-8'.  Loaii  Alton  k  Terra  Haute  - 


. ifoin  Line.- 


1874. 

(195  m.) 

$103,767 

86.499 

109,668 

9»,447 

91,681 

09314 

101,741 

112,621 

113,147 

127,042 

109,165 

100,445 

$1,254,187 


1875. 
(195  m.) 

$77,876 
73,864 
83,023 
8C,»48 
73,467 


liranclu». , 

St.  L  Iron  H 

1874. 

1875. 

1874. 

(71  m.) 

(71  m.) 

(690  m.)        ( 
$2,50.074        1 

$38,607 

$57201. 

37,498 

65,723 

217,368 

44,472 

49,870 

236,1.32 

41,093 

40,207 

230,4:14 

40,867 

38,980 

S44.394 

4.3,153 

2:;8,l')08    ■ 

42,794 

215,  ■>48 

50.039 

251,230 

55,232 

292,216 

65,800 

353,777 

46,930 

350,860 

62,812 

385,000 

r-IUinoia  Central.^    ^Ind.BI,»We8t'n.- 


.  Jan 

.Feb.... 
.Mar.... 
.April.. 
.May... 
.Jane.. 
Jply... 

.Aug 

.Sept.... 
.Oct..  .. 
.Nov.... 
.Dec.... 

..Tear.. 


.  Jau 

.Feb..  .. 
.Marcli 
April.. 
.May... 
.June.. 
.July... 

.Aus 

.Sept.... 

.Oct 

,.No-r... 
.Dec... 

."Kear.. 


1874. 
(1109  m.) 
$58.3,997 
517,674 
561,793 
586,962 
621,013 
«93,4ie 
627,461 
711,969 
758,5:i6 
838,:i07 
668,943 
680,435 

$7,900,720 


1875. 
(1109  m.) 
$551, ,5.34 
458,158 
550,188 
586,716 
684,764 


1874. 
(344  m.) 
$151,795 
129.304 
151,186 
14n,3:i4 
119,910 
1.30,161 
124,395 
144.173 
154.192 
146,958 
118,808 
114,076 


1875. 

(314  m.) 

$116,542 

96,824 
104,7.'i0 
100,767 

88,017 


Mo-,  Kaa.  &  Texas.     ■ — Uobile  &  Ohio.  ^ 


1874. 
(786  m.) 
$266,33.1 
230,.371 
263,8  1 
214.000 
224,600 
237,420 
24.5,600 
339,000 
3:J4,400 
313:500 
280.000 
252,700 

$3,150,725 


1875. 
(736  m.) 
$199,680 
195,2:31 
2:i5,1.18 
200,339 


1874. 
(517  m.) 
$293,927 
21:1,348 
174,968 
134,954 
146,667 
120,407 
119,047 
116,639 
165,202 
242,607 
287,845 
385,408 

$2,391^ 


1875. 
(6!7  m.) 
$196,729 
156,174 
130.251 
109,711 
100,532 


t.  &So. 

1875. 
(690  «(.) 
$266,:»5 
285,200 
275,300 
258,570 
264,446 


.-St.  L.  &  S 

Eart.^ 

^-Tol,  Peo. 

&  W.^ 

1874. 

1875. 

1871. 

1875. 

(358  m.) 

(3.58  m.) 

(248  m.) 

(248  m.) 

.Jan.... 

$111,340 

$84,5:16 

$96,794 

$71,437 

Feb.... 

99,447 

80,087 

82,354 

61,809 

.Mar.... 

107,971 

SJ.flOO 

98,023 

72,805 

.April.. 

93.997 

85,935 

94,;,69 

.May. .. 

88,5.58 

73,724 

9:i,.346 

.June.. 

96,989 

84.358 

.July... 

92,821 

78,a37 

.Aug.  .. 

110,924 

90.718 

.Sept.... 

118,812 

107,838 

Oct.... 

1.31,865 

93,985 

.Nov.... 

102.608 

73,802 

Dec... 

102,912 

68,995 

$S«9  34 


.Year. 


$1,258,694 


$1,06.3,119 


r-Ird.  Cin.  &  Laf.-^ 

1874.  1875. 

(l:9m.)  (179  m.) 

$144,944  $13.3.787 

136,661  111.355 

118,903  136,3.tO 

153,:373  15:),73t 

144,872  145,892 

142,561  

141,540  

156,8:i5  

175,531         

174,630  

148,463  

154,499  

$1,823,115  

, — Ohio  &  Miss. — . 

1874.  ■  1875. 

(395  m.)  (395  m  ) 

$266.0.39  $249,250 

2l:ll67  243.624 

304,842  f    310,903 

298,665      1  

268,807      I 

292,548     -2 

282,667      a  . .   

324,350     85 

364,374     £ 

381,02*      I 

309.597      I  

296,013      I. 

$3,632,099         


. — Union  Pacific. — , 

1874.  1875. 

(1038  m.)  (10.38  »(.) 

$6io,7i5  $;ir4,n.io 

607,99u  620,307 

687,026  !ll8,J63 

834,955  ;, 095,815 

910.066  1,214,668 

902.881    

850,113    

1.042.116    

1.063.998   

1,141,938   

1,000,598   

897,169     

$10,559,850  .... 


July  8,  1876  J 


THE   CHUONICLE. 


17 


7:0>1  M EiuTlAL  EPITOME. 

FiuDAT  NioHT.  July  3.  1879. 

Tha  WMther  haa  been  intenaely  hot  part  of  the  week,  and  thia 
otftnaataaca  baa  eoatrtbaied  to  the  dalaaaa  which  oaaall^  ehar- 
MNilBai  the  weak  praeadlag  ^  natiewU  boUdar.  There  is 
▼arj  littla  tone  to  aay  of  the  markeU,  and  a  feeling  of  apathy 
aad  diatrwt  atill  preraila,  due  mainly  to  the  nnaettled  nCuaof 
tha  wMiaauj,  aad  Iha  •aaatiafBaMiy  eharaetar  of  tha  damoaatia- 
tlooa  wU^  laava  baas  OMda  raaatdlng  the  efforU  to  reatora  It  to 
a  aooad  baa!a.  It  ia  felt  that  there  can  be  no  reriTml  of  boaiaaaa, 
until  eflorta  to  depreciate  the  Talne  of  the  dreolating  medium  are 
abaadoaed. 

The  ayeoilatioa  la  pork  aad  lard,  wboaa  reriral  waa  nolad  kat 
w«A,  haa  baaa  mora  aetiv*,  aWiliiil  with  a  nnart  advaaee  in 
priaaa.  Macka  b^fia  to  be  redaead  more  rspldlj.  Euoct  atdan 
bara  br«a  amra  aigeal.  Mil  at  the  adraaee.  tha  iJbrlafi  on 
aala  birami  meaa  flbanJ.  Maaa  pork  adraoeed  to  910  IStpO  06. 
B|<o«  aad  early  delireri**,  and  $31  for  Heptambav,  aad  prima  aMai 
oa  tba  spot  <wld  at  f  19  90.  Lardadvanecd  to  I4e;.,apot  aad  aarir 
delirery.  and  14^14^  for  Aogrnt  aad  SMXambar.  Other  prod- 
acta  «cra  wliboM  nmierlal  nbaap  Beat  alaa  qaiat,  bat  tallow 
haa  aoia  at  9e.  for  prima  dtr.  Batter  haa  axhibitad 
aad  ehoMe  haa  daeUaad  to  UMUItt.  for  prima  |e  choioa 
rtaa,  aad  tha  medlam  giadea  mow  mach  aipiaMlon  aadar 
live  aappUaa.  Taaiaidaj  thM«  waa  renawed  waakaiaa  la  perk 
aad  Ivd,  eapeeially  fer  fatare  dallrery,  while  batter  aad  chaaae 
ahowad  aMua  Miainnaaa  Tb-d^jr  there  waa  aaaM  iimiad  for 
aew  maaa  pork  oa  tha  apoi.  part  for  export  at  |W  SOflftlt  with 
■todatala  aUaa  at  |W7QMMnibr  ABcaat.aa«  f9l  for  Sep- 
laabar :  tard  waa  aaalar.  wkkHaitad  aalaa  at  lUc:  for  Waatan 
oa  tha  apoi.  U  Il-I6e.  for  Jaly.aad  18  18  16&  for  Aagaat;  la 
athar  Mi^acia  tha  amrket  for  iog  prodacte  waa  qalat  aad  oa- 
altarad. 

CoOm  baa  baaa  mora  aetlva,  aad.  wHh  leaalate  madanla,  prteaa 
ara  Irmar.     Bio.  faU  to  prima  cargoaa.  17MlMe.,  caU.    Moaka 
oo  baad.  94.307  baci  Bio. MjRBmaia  Java. aad  1OJI0I 
SjOn  aMia  of  alhar  gvawtha.    Bloe  haa  baa«  ia 
tha   lalaa  iaelada  aow 
aad  tha  atack  la  laihiwd  ta 
lag.  aad  thraaaaqaaa  al  CBba 


baga  awl 

goU.  la 

l^m  baaa  diiajia 

ha««  aald  ai  88&  lar  iO 

Vat.    Tha  itoek  of  fMatn  la  Ana  handa  ia  aow   lOJQO  hhda. 

Sagaie,  after  harlajr  farthor  daatlaed.  are  aow  7|99te.  for  fair  to 

Siocka  are  aewaxeaa- 


laaky  Maan  haa  aHliaaad  varj  qalat,  bat  ataady.  at 
lar  lafli  aad  IMMfr  Iw  Imtt  Tha  a^  fOr  tka  waak 
■d  SSOUda..  mTSa  «0  ter  eipartaad  80  foreaaaamp. 
Brad  leaf  haa  baaa  la  fair  damaad  aad  itaadr :  oalea  om 


100 


itaady 
at  187*.  IS  laMB  Kaw  Tork  at  7|a.:  ««?  of  1878, 
at  l«i«Oe;.  143  caaea  PeaaaylvaaU  at  t6e.. 
eaaaa  Wlaeoaala  aad  M  caaea  New  Terk  oa  prl*Ma  tarma  ; 
crop  of  lW4.1d>aaMi  MMmitiaiiWi  Mwada  aad  tllam  at 

■midiy  Ma^  at  Mg  Hi.    fjaaaiah 


■Idadooaatlealatai 

i  lobaeeB  haa  baaa  modor- 


I  aalea  wera  800  haloa  Raraaa  I 


ata^aattra  aad  ab« 

Thai*  haa  baaa  a 
•a  the  eOefiaga  have  baaa  DmMad,  qaoiatloaa  ha««  ahowa  aa  li 
provameat.  deatag  in  al  ISMUic  for  daBtwr  ap  to  Jair  I 
CVado,  la  balk.  haaaoattaaadMI.  aad  daaaa  at  IMita.  for  Ja 


_  ^     t<aaiJaa.t- 

vWM  IvMV  bOTS.  ••..••    r 


•  •••*aaaaa*< 


lm> 
13. 
ly. 

■T4 


TuUl 


•  a«'aaaa«*aaea    aaaao 


lan. 


,  M^aii,tm 


Boalaa  have  eoaUanad  aaiat.  bat  the  giaatal  poattloa 
aiaady:  aommaa  to  good  atrafaMd  «1  78<i«t  80,  Bptriia 
Haa.  cm  the  uaatiarr.  baa  baaa  mora  actlTO  aid  Irmar.  aloaiag  at 
W|(M»u.  laget  aappar  akaH  aiaady,  witk  «lao  of  MOjBOO  Ibai 
I^a  at  OiliBOiL  amk.  WhMkajr  waa  tnaar  aad  modamialy 
aettTaatfllfi.  Larar  nioiaa  ilaady  at  03  88 ;  yalaaeiaa  at  lOc; 
eartaata  at  8|«.:  Tarklah  praaaa  higher,  aadar  radacad  atooki^ 
qaoiad  at  9fle|c 

Th»ra  haa  baaa  a 
Mpadatly  la  tho  market  lor 
bara  beaa  malarlaily 


la  oaaaa  JWtghta.  bat 
aai  at  the  cloaa  wuh  anaagth  aad 


awuhaiiaagthi 
ndeharlaraMi 


mat.  aaOM..  with  aoaa  at  ftd.:  fwavMoaa 
.  KBrnmaa.  OfalaloObrk.forofdara.7a. 


giala  to  Leadoa,  by  all 
to  LlTerpool,  by  alaam, 
gar  qr. ;  do.  to  Pcaarth  Baadfcjar  order*.  8a.  7idjS0a.  M. ;  do.  to 


per  qr. ;  do.  to  Pcaarth  Baadfc  far  order*.  8a.  7idjS8a.  Od. ;  do.  to 
Bttatoldlncl,0iL8d.«aiL0d.  BaOaad  petroUam  to  tha  Oaatlaaat. 
8*:  do.  lo^a  BaMa.  in  01  T»day.  gmla  to  Urarpeol,  b^ 
rt-j.  7i«5d.i  eatta%  Ml-Ud.:  chaaaaJOfc ;  grala.  bya^f. 
7|d.^id.;  inbataa.at  jjfcid.  Omia  to  LamJaa,  by  atoam.  Ojd. ; 
do.  to  Hall,  ky  aiaam.  OL;  do.  la  Cork,  for  enlan.  at  7a.  Oat  aad 
7a.  8d. ;  do.  la  PaMrth  Baadai  far  oidera,  at  8a  M.  flat ;  eaae  oil 


to  CbMtaathmpla.aOe.  gold;  aaphtba  to  tha  I'nited  Kiagdom, 
Oa  8d. 

Uaaaad  oil  haa  tmaalaii  alaadr  at  Ma88e.  la  caaka  aad  barrela. 
Crada  iah  oUa  hara  baaa  qalat  aad  oaakaagad.  Codflah  have 
baMlhfclrdaawad.  wMkaaloaef  OaofgaaMlBSOaad  Baak  al 
fSk  BMaa  hare  ramalaad  rtaady.  thoogh  qaiet;  dry  Baaaoa 
Ayraa.  aoatlc,  gold ;  dry  Ttaaa,  IflKglOc.,  and  dty  aUoghtar  ox. 


n 


Bzporta  or  l<eaaiaa  Arllclea  irvu  H»yr  Vora. 

The  fol  lowing  table.eompiledtromOustoiu  House  ret  urns, sbon  a 
the  ttxporta  of  leading  Wlicles  from  the  port  of  New  York  since 
January  1, 1875.  to  all  the  principal  foreign  counttiee.and  also  the 
totals  for  the  last  week,  and  since  January  1.  The  last  two  llnta 
show  (otoZao^uM.incladlng  the  value  of  all  other  articles  besid'o 
those  tnontioaed  in  the  table. 

sI'iegSRSI  ll 

2 

SjB'jf    -'a"-       :i       «*  Jf^-     •*  i  52'-*     8-s5 

tm  »<w« 

tIS"  :  :  '  iSSSS  :  JiKsi  ii  i  iMS'2S|g§SS8  :|§ 
-w^     •  -,-      J      -      ,   _-   -:    g«*   •*||i 

:SiH8:i5;8l3i|:Si»«sj=i:r:S:S| 

^i^f-  ^18  : :  {  :  :  :S  ;«  .8     :§9i  :  -eg  :  :*  =8  •  Cg 

«g8  I  I  I  :1  1 1  :8  :  :?*=  !§  W  !«  I  I  l"*5  !  i  !§  l|| 

,  ig:8:||:Sj«:?:5E8||;8H8|B8J|!i:=|t| 

.4  .::::::::  t :  4  •SI*  2  =  : ."  !  !  :  -8  :  5  jSOg  :fiS 
^1  :::  t  ::::::  .5:«»5    .  j  :  : :  :  t  :  :     -s'J^p 

«  a  :  rs  -CSS  :§::  i  :::-*::::  rS  188 
••5::*:         :|::  t.::     ::.::  5:JJ 


*j  .-  . 


'!  iS5 


t :  t  :«  :  :g 

•    •    •    -  .     •• 


li 

m 

:  t  : 

... 

?i  :  :S  :::::::::  : 

ll-^i-'  '-■■■■■ 

j  nil  nsi!?ss=i!  11^:5631' ITS  I 
[ii 


::lir:8-SfB2:;l| 

i|iiii«sr»:iSiH|| 

8  33. 


i|i'i|!Ji»|p|«| 


18 


ttiE  CHRONICLfe 


(July  3,  1875. 


■■iporia  or  I.ea4lnB  Artlelea. 

The  foUowlnit  Uble,  compiled  from  Custom   House   retarn 
■how*  the  forelga  ImporUi  ol  leading  articles  at  this  port  since 
Jan.  1, 1875,  ano  for  tue  same  period  ot  1874  : 

[The  qoantlty  la  gUen  In  pacJtagea  when  not  otherwise  speclfled.l 


Since       Same 
Jan.l,1S.  time  1814 


Sklna,  Olaas  and 
Kartbeaware— 

Oblaa 

Barthenware. 

Qlaaa 

Olaaaware . . . 

Olaas  plate... 

Battoua.  

Ooal,  tana. 

Cocoa,  baga. . . 
Coffee,  baia.... 
Cotton,  buaa. . 
Omgs,  *e— 

Bark.  PemTian.. 

Biaa.  powders.. 

Oochlneal 

Oream  Tartar.. 

Oambler 

Oom,  Arabic. . . 

Indigo 

Madder 

Oils,  essential. 

Oil,  Olive 

Opium 

Boda,bl.carb... 

Soda,  sal 

Sodaasb 

Flax  

Purs 

Ounnr  dotb 

Hair 

Bemp,  balea 

Bides,  Ac- 
Bristles 

Bides,  dressed. 
India  rubber...'.. 

Ivory 

JTewelry,  Ac- 
Jewelry  

Watches 

Linseed 

Kolaaae* 


«.5«t 

18,SW 

Ha,IBI 

5,ni) 

3T0B 

16,312 

11,»1 

no.004 

a,3M 

16.M9 

16.601 

1,484 

313 

ft.647 

2,2»4 

1,9«I 

1.020 

66< 

18.739 

464 

12,000 

30,882 

30.677 

5,7*7 

3,901 

1,413 

2,385 

68,914 


3,435 

18.038 

iai,4B4 

13,151 

4,383 

3,121 

18,832 

ID.  276 

763.088 

1.M8 

18,430 

1S.881 

t.723 

«tJ6 

M.31> 

2.541 

3.871 

1. 

4SI 

14,243 

964 

26,029 

£5.011 

24, 605 

5.824 

3,155 

625 

2,2591 

100,585 


Since 
Jan.l.'TS. 


Metala,  Ac— 

Onllery 

Bardwaie 

Iron,  RR.  bars. 


LauLpiga.. 
"     "  BT.Tba. 


Spelter, 

Steel 

Tin,  boxes 

Tin  slabs, lbs... 

Rags 

Sugar,  hbds,  tcs.  i 


ugar, 
bbls 


861 

773 

8,387 

4,178 

21,040 

80,321 

8,057 

888 

1,627 

1,471 

41(1 

4!!6 

456,  MS 

420,164 

72,309 

71,840 

Sugar,  bxs  &  bags. 

Tea  

Tobacco 

Waate 

Wines.  Ac- 
Champagne,  bks. 

Wines 

Wool,  bales 

ArtUUi  reporttd  by 

valut— 

Cigars 

Corks 

Fancy  goods 

Flab 

FrnlU,  Ac.— 

Lemons 

Oranges 

Nats 

Raisins 

Hides,  undressed. 

Kice 

Spices,  Ac— 

Cassia 

Ginger 

Pepper 

Saltpetre 

Woods — 

Cork 

Fustic 

Logwood 

Hanoeany 


Same 
time  1874 


2,142 

1,073 

7,472 

52,W)7 

604.r6 

47,636 

503,929 

4,069,615 

70,046 

870,615 

1,076,188 

696,3.39 

29,50b 

1,110] 

61,380 
8C,148 
27,611 

$839,619 

a5,2I9 

482,253 

114,616 

295,314 
1,660,090 

661.363 

670,633 
5,820,089 

180,313 

149,957 
60,24 
821,247 
122,36'J 

161,561 
32.795 

190,393 
6S.570 


2,123 

1,492 

165,601 

101,373 

1,093,809 

65,133 

549,573 

6,684,797 

63,308 

435,233 

694.138 

699,956 

48,759 

2,173 

59,682 
85,151 
24,823 


$1083,706 

37,241 

468.47 1 

96,020 

438.114 
1,280,611 

731,115 
1.016,1)20 
7,032,867 

513,917 

51,101 

59,313 
278.016 
210,988 

■    144,958 

18,143 

146,172 

64.252 


exports  and  stocks  for  the  week  and  also  for  the  corresponding^ 
week  of  last  season. 


Week  endlns 
July  2. 


O.Brit.     France    Contln't 


Hew  Orleans 

Mobile 

Charleston... 

Savannah 

Balveston  — 
New  rork.. 
Other  ports'. 

Total  .... 
Since  Sept.  1 


uxported  to— 


4,S37 
2,219 


10.299 
1,341,176 


11,S«0 


3,M2 


15,022 
84S,e6« 


1,421 


.7S8 
,276 


Total 

this 
week. 


sra 


Bfiit 
2,245 


27,099 
2.612,1'8 


Same 
week 
1874. 


499 
8,100 


2,!S2 

l,0i7 


7,1:3 
1,745,916 


1875. 


34,669 
2,693 
5,7;!4 
1,919 

11,282 

30,000 


192,270 


1874. 

"5,225 
8,0^4 
9,(89 
12,307 
111,202 
130,930 
30,000 


239,427 


Receipt*  or  Oomeatlc    Produce. 

The  receipts  of  domestic  produce  since  January  1, 1875,  and  for 
the  same  time  in  1874,  have  been  as  follows  : 


Since 
Jan.1,'75. 

Same 
time  1874 

Since 
Jan.1,'75. 

Same 
time  1874 

Ashes pkga, 

Breadstofls— 

Flour bbls. 

Wheat bush. 

Oom 

OsU 

Bye 

Barley  and  malt. 

Uraas  seed.bas^s. 

Beana bbls. 

Peaa bui-h. 

0.  meal.... bbls. 

Cotton bales. 

Bemp bales. 

Sides        .    . .  No. 

4,124 

1,600,628 

8,715,179 

9,464,2Tl- 

4,186,104 

72,061 

1,038,890 

51,470 

36,684 

222,965 

67,676 

350,505 

1,547 

997.703 

7.109 

2,011,130 

al,657 

4.038 

29,864 

205,6.39 

16.68.3 

39J 

4.768 

2,024,961 

21,713.312 

12,3.33,805 

4,798,983 

418,024 

592,780 

34,.354 

88..346 

320,683 

119,021 

5iO,.585 

2,115 

977,197 

9,168 

1,819,765 

23,406 

3,33!) 

33,  .542 

214,503 

87.12!! 

2,310 

oilcake,... 
Oil,  lard 

.  pkgs. 

127,689 
3,298 
34,228 

443,921 

681,816 

182,411 

252,260 

95.372 

16,350 

170,631 

8,385 

10,794 

181,4:31 

11,238 

37,916 

12.152 

7,595 

•   91,307 

2:i,355 

89,824 

87.473 

46,822 

89,740 
1.668 

Peanuts.  .. 
Provisions- 
Butter  ... 

..bags, 
.pkgs. 

21,861 

411,303 
506,739 

Cutmeats 

222,222 

305,727 

po?k:::: :::::": 

8S,:385 

Beef 

14,840 

Lard 

165,784 

Lard 

Rice 

>  Starch 

.kegs, 
.pkgs. 

22,388 
11,928 
187,833 

12,551 

Bopa bales. 

Leather.  ...aides. 
MoUsaea..  .bbls. 
Naval  Stores— 

Cr.  turp.  ..bbls. 

Spirits  turpen. . . 

Sugar bbls. 

Sugar bhds. 

Tallow pkga. 

Tobacco    

Tobacco hhds. 

Whiskey bbls. 

Wool bales. 

Dressed  Hogs.  .No. 

'284 
20,832 

101,163 
52,349 

107,654 
31.140 

Tar 

Pitch 

106,793 

( 

DOT 

TON. 

•  The  exports  this  week  under  the  head  of  "  other  ports"  Include  from  Baltl  • 
more  657  bales  to  Liverpool ;  from  Bostun  1,295  hales  to  Liverpool;  from  Phila- 
delphia 278  bales  to  Liverpool ;  from  Wilmington  15  bales  to  Liverpool, 

L^ff"  ^"^^  telegram  from  New  Orleans  to-nigUt  shows  that 
besides  the  above  exports  the  amount  of  cotton  on  shipboard,  and 
enpraged  for  shipment  at  that  port,  is  as  follows  :    For  Liverpool, 

7,000  bales ;  for  Havre,  4,000  Ijales  ;   for  Continent, bales  ; 

for  coastwise  ports,  1,000  bales ;  total,  12,000  bales  ;  which,  if  de- 
ducted from  the  stock,  would  leave  22,500  bales  representing  the 
quantity  at  the  landing  and  in  presses  unsold  or  awaiting  orders.  I 

From  the  foregoiut?  statement,  it  will  be  seen  that,  compared 
with  the  corresponding  week  of  last  season,  there  is  an  increase 
in  the  exports  this  week  of  19,931  bales,  while  the  stocks  to- 
night are  47,157  bales  less  than  they  were  at  this  time  a  year 
ago.  The  following  is  oar  usual  table  showing  the  movement 
of  cotton  at  all  the  portsfrom  Sept,  1  to  June  35,  the  latest  mail 
dates : 


BKOEIPTS 

■XPOBTBD  aiHoa  sapT.l  TO— 

Coas^ 
wise 
Ports. 

Qreat  1 
Britain.  France. 

Other 
For'gn 

Total. 

1S74     1     1878. 

New  Orleans... 

Mobile 

Charleston*  ... 

SavaDDah 

Galveston*  .... 

New  York 

Florida 

991,313 
318,102 
43d,166 
596,241 
853,611 
151,4« 

12,161 
10l',743 
409.212 

78,491 

1205,6«0 

294,739 

«29,427 

611,234 

337,036 

192,219 

12,907 

50,715 

4(s9.8S0 

48,723 

673,274 
86,S15 
197,666 
26<,700 
206,863 
350,115 

14,310 
63,62S 
79,210 

235,025 
8,1.10 
41,084 
86,000 
2.496 
7,889 

150,261 
36,377 
31,279 

12J,914 
10,967 
40,016 

1,666 
3,533 

21,041 

958,560 
131,312 
273.029 
421,614 
219,33; 
398,3  iO 

15,360 
67,212 
100,351 

160,864 
189,178 
166,457 
189,953 
137,568 

12|i6i 
34,329 
337,323 

46,905 
2,781 
5,348 
8,307 

12.093 
115,013 

No.  Carolina,.. 

Norfolk" 

Other  porta.... 

785 
4,000 
25,500 

Total  this  year. 

34^1,326 

.... 

1333,857 

330,MI 

420,483 

2585,019 

1279,633 

221,286 

Tetal  last  year. 

3752,560 

1769,026 

361,9(16  !  607,726 

2738,738 

1338,462 

3«,6S9 

Friday,  P.  M.,  July  3,  1875. 
By  special  telegrams  received  to-night  from  the  Southern  Ports 
weare  in  possession  of  the  returns  showing  the  receipts,  exports, 
Ac,  of  cotton  for  the  week  ending  this  evening,  July  2.  It 
appears  that  the  total  receipts  for  the  eeven  days  have  reached 
6.108  bales,  against  9,708  bales  last  week,  13,838  bales  the 
previous  week,  and  18,S69  bales  three  weeks  since,  making  the 
total  receipts  since  the  first  of  September,  1874,  3,457,934  bales, 
against  3,761,017  bales  for  the  same  period  of  1873-74,  showing  a 
dtereate  since  September  1,  1874,  of  303,033  bales.  The  details  of 
jthe  receipts  for  cuis  week  (as  per  telegraph)  and  for  corresponding 
treeks  of  five  previous  years  are  as  follows: 


HMvad  this  week  at— 


■«;;;. 


■ ^rt«M>s 

Hew  c 
Mobile.,     a; 
Charleato. 
Port  Uoyal, 
Bavannan...... 

Oalveston.  ..  _. 
indiaaota,  Ac..., 
Tenaeasee,  Ac... 

riorlda 

Morth  Carolina.. 

Norfolk 

City  Point,  Ac... 


.balea. 


ToUl  this  week 

TotalsineeSept.l...l  3,457,'. 


1374. 


862 

8,257 

311 

435 

423 

753 

413 

879 

1,192 

383 

a 

29 

2.063 

1,061 

HI 

7 

•) 

492 

^ 

1.671 
4»7 

8,157 
3.761,017 


1873. 


1,189 
47U 

1,S42 

1,476 

501 

S,TOO 

5 

1119 
3,3)6 


12,428 


8,493,219 


826 

215 

1,130 

511 

173 

1,476 

39 

8.^ 

1,«93 

36 


8,693,660 


5,202 
I,01U 
1,175 
1,0J9 
3,553 

3,557 

71 
509 

.  2,121 


18,197 


3,891,018 


4,671 

832 

1,257 

2,437 

639 

1,249 

52 

61 


2,823,469 


Ti,»  «»„„..-  <».  »i,.  „^  ^  onding  this  evening  reach  a  total 
„f  27  naa  K«i«  ^?  -whTn  9  "^  '^<"«  t°  ««»'  Britain,  15,033  to 
Fr»„;2  Lh  17W  ♦  ,1  ,„i  n  '  tb*  Continent,  while  the  stocks. 
France,  and   1,788  to  the  rest  o.     ,  ja,  jyg  ^  , '       ^^  ^^^ 

M  made  up  this  eveuing,  we  now    trf*»*'^  """"•    *""""  »"  ''"'» 


•  Under  the  head  of  CfinrU.stnn  Is  Included  Port  Royal,  &C-:  under  the  head  of 
Oalvestonls  included  lodianola,  &c.;  under  the  head  or  Norfolk  Is  Included  City 
Point,  &c. 

The  market  for  cotton  on  the  spot  has  been  dull,  unsettled,  and 
nominal,  throughout  the  whole  of  the  past  week.  The  demand 
has  been  mainly  for  consumption,  and  small  for  that  purpose, 
foreign  advices  having  steadily  become  less  favorable,  and  crop 
prospects  continued  very  goad  ;  but  stocks  have  been  so  much 
reduced  that  they  now  are  susceptible  of  easy  control  in  the  pres- 
ent state  of  the  money  market.  The  offerings  on  sale  have  con- 
sequently been  quite  limited.  Prices,  however,  are  weak ;  there 
was  an  actual  decline  on  Monday,  but  official  quotations  were  not 
reduced  till  Tuesday,  when  the  market  was  really  better.  Yes- 
terday, quotations  were  marked  up  ^c,  with  a  better  business 
reported  for  export  and  consumption.  To-day,  there  was  a 
further  fair  business,  but  exporters  were  more  cautious  in  view 
of  conflicting  advices  from  Europe,  and  the  close  only  about 
steady  at  yesterday's  advance.  Holders,  however,  were  not  in- 
creasing the  offerings  to  any  extent.  For  future  delivery,  the 
market  has  been  quite  irregular.  Apprehensions  of  a  short  sup- 
ply of  the  present  crop,  and  that  a  "  corner"  may  be  effected  on 
August  contracts  have  given  considerable  strength  to  early 
futures,  notwithstanding  the  nominal  decline  in  spot  cotton  ;  but 
the  tone  of  the  market  has  been  feverish,  and  prices  fluctuating. 
The  later  months  have  materially  declined  under  the  declining 
foreign  markets  and  the  very  favorable  reports  received  from  the 
growing  crop.  To  day,  with  Liverpool  not  encouraging,  the 
shorts  less  anxious,  and  continued  favorable  crop  accounts,  prices 
weakened  about  l-16c.,  and  closed  only  steady  on  present  months, 
with  the  late  months  favoring  the  buyer.  After  'Change  there 
were  sales  at  15  7-33@151c.  for  July,  15  9-33c.  for  August, 
14  17-83C.  for  November,  14  31-33c.  for  January,  15  3  32o.  for 
March,  and  15  33-33c.  for  June.  The  total  sales  for  forward  deliv- 
ery for  the  week  are  136,500  bales,  including free  on  board. 

For  immediate  delivery  the  total  sales  foot  up  this  week  4,035 
bales,  including  3,030  for  export,  1,837  for  consumption,  178  for 
speculation  and  —  in  transit.  Of  the  above,  —  bales  were  to 
arrive.     The  following  are  the  closing  quotations  : 


New  Classlflcatlou. 

Ordinary per  lb. 

Aood  Ordinary 

Low  Middling 

Middling 

Good  Middling 

MlddUng  Fair 

Fair 


Uplands, 

Alabama. 

New 
Orleani. 

Texas 

i2i<a... 

12K«.... 

13    ».... 

13   a. 

:4><s.... 

iiija.... 

IJX*.... 

14X«. 

15    ®..., 

loKS.... 

i5xa.... 

V>%%. 

sxa... 

i5xa.... 

15V».... 

t9!Ka. 

5K«.... 

16  «.... 

16)4«.... 

16X9. 

6H<a... 

16K0.... 

16*®..,. 

16!^  a. 

17    @.... 

i7«a.... 

11%%.... 

I75<«. 

Below  we  give  the  sales  oi  spot  and  transit  cotton  and  prioe  of 
Uplandi  at  this  market  each  day  of  the  past  week  : 


SALBS.                                     1 

f  HIUKS. 

New 
Classlflcatlon. 

Exp't. 

800 

■756 
970 

Con- 
snmp. 

Spec- 
ula'n 

Tran- 
sit. 

Total. 

Ord'ry 

Good 
Ord'ry. 

Low 
Mldl'g. 

Mid 

dling 

Saturday 

Monday 

Tuesday 

Wednesdaj 

Thursday 

Friday 

12! 

808 
21; 
333 
857 
500 

■■26 

'iis 

"io 

423 
328 
217 

481 
1,107 
1,4J0 

12  « 

12« 
12X 
12  « 
12« 

14U 
1414 

15 

15X 
15H 
15)4 
1S1« 
19H 
1»X 

Total 

2,020 

l,b37 

m 

4,035 

.... 

July  3,  1315  J 


THE  CHUONICLE. 


19 


Fm-  lormrtl  dsUverr  tUe  wdet  (incladlng  free  on  board) 

luiT*  mehed  diuintr  the  week  1-36.500  bale*  (all  low  midillng  or 
M  Xk»  baal*  of  low  iaiddliag).aa<i  the  foUo wing  >•  a  atateaoiit  of 
Ik*  lalaa  aad  prleas : 


.  u:-u 


•"■."".'.'.iV^ 


UMUtalJi 

rotJair 


„_ ij 

a. U  l-O 
u  :->• 

M>. am 

Hw is»5 

UR> t>»l< 

i.a> Bi-a 

X». au 

im. MM 

vim  loui  jaiy. 
itm .'.Mt-M 

.!i  MB 
B  V^ 

.i»7-a 

si 


uw uVw 

■iM  total  ABC. 

rer  BaaMwbar. 

t»» Iiis-M 

«JM It*' 


for  Oeiob*T, 

.11  in 


...uiaM 

an 

.!'mm 


II  17SI 

M  H« 

UIVK 

M% 

UX 

u  u-A 


\T- 


\t»  loUi  Sot. 
Far  D«e«ab«r. 

^    .-.•iVi'i'S 

II  t-K 

....i«  :mi 
MW .■•liJi 

••■.it'/./Jii* 
wo.. ui»->« 

«^H  total  Dae. 

Fi»r  JaaaaiT. 

—        IIH 

..I)  U-tf 
..•AU--A> 

.<  tl-M 


tS*. 


\p»..^.'. 


bales.  — 

rot  Ttbrauj. 

MD U  <9.|( 

Hi itn-^ 

U  15-14 

lU llJIiJ 

&..._ 15 

NK B  M« 

W». »X 

Mta  total  r«b. 

rorMHCh. 

WW l»l-I« 

•B BS4i 

i.no UH 

»»« 

U»-l( 

MBO  lo'.al  Marefe. 

rMA#rU. 
Ml liMJ 

tia  ......B>-i* 

m MS 


Mja  total  uec 
For  Xoroaiaor. 

\m -MH 


Tk»Mlewte(  wiiliiMgw  h»T*  1 
.  »4,  to  ta*>  M  Oat.  aw  4alr. 


'.'.'.m'm 


•].M  total  Jm. 


I,MI  total  AkU- 


!i 


_  1»« 

I3»l« 
UK 


«D  total  Mar- 


I  mad*  darimg  Uie  w«ek : 


•-l««.H-<«« 


I  Soft,  tar  At*. 


Th«  folloirlac  vill  ahow  tha  eloaUg  prleai  aaeb  iMj  for  tha 
WTMal  daUvariaa  B*iaad : 

OL*  OLkaaruUTios— LOW  ataoma  rrLaasa. 
FH.  tak         Mas.       Taaa.       Wa«.        Tkara.       Fli. 

Sk  i«  Sh  111  ^  ^^  g'ia 


aaw  mLkmmOAnon 


-aiDDuaa  vrtaasa. 


■■  mSX  ua4i  ui*^u 

'  -•  1(8  H'iMi  11  »-i« 

■  x  tJM  Hit-ii  ira 

4  >V1«  »<  U4*  Mil  Mi 

•  ^  U»4i  ....  MMI 

..lU  u»4i  Mi-M  _,, 


it 


Wbatrb  B«F<mni  bt  TaLaasAFa.— Wkk  th*  ateapUaa  of 
yeHto—  of  Xasma  aad  Ilailu4  diairiou  aiMwhar*.  uiu  wl«gr»iaa 
lealckt  tedleUa  mattaaad  aMiabdorj  aoaditla«a  twrnwadlag 
tk«  «np;  tlMl  I*  to  •»/.  th*  waatliar  ka*  gmmnl\f  bMa  ax 
t««aw(f  fiiTowbl*  for  tto  d*v«lopiaeat  of  tba  plant,  aplaadid 
■hewan  hartaf  fkltea ;  bat  at  Colnabo*,  MlMlMlppI,  aad  par 
bapa  at  leaM  otliar  poiala  ikara  haa  baaa  mora  rala  tha*  4aair- 
aUa,  lha«sk  aa  aaloal  maiy  Crtw  that  auaa  la  aa  yat  aaTwkara 
laporiad.  Aa  to  Tasaai  tkav*  an  antlaaa  wkM  aitU  mmI  rala. 
aad  aa«*  pocttoaa  badlf,  aapaalaUjr  tba  towat  oMatlaai 

Oaittttm.  7Vi-<i«.— We  kafa  bad  rata  «n  two  da/a  thia  week, 
with  a  laialall  of  iweatj-ais  hnadradtha  of  aa  taeh.    Hmaa  aae- 
I  haT*  bad  good  laUiai  bat  gaaaratty  It  baa  haaa  too  Ary  lot 


tha  fan  darabmaaat  of  iha  plaat.  aad  at  a  f»w  polata  eottoa  la 
ii>HM  ba4kr.  Thathat^witir  baa  avatagad  S3,  tba  higbaat 
batac  i» aadlha l««r«t  77.    Tha  latafall  lor  tba  atoatb  of  Joaa 


(tckirala*  fW)  boadradtba  of  ao  laeb. 

iWatL— Than  baa  baaa  ao  (ail  of  rala  bara  tba  paat 
,  aad  tba  eropa  an  aaadlag  rala  badlr.  Tba  tbanaaaMtor 
haa  areraKcd  M.  tha  bigbaai  baTav  M  aad  tba  towaat  77.  Tba 
latafaU  far  tha  aoatb  of  Jaaa  aaa  baa*  ttft7-«i(ht  (99)  haa- 
4ndlhaof  aalaah. 

CbntMaa.  Am*.— We  hare  bad  ao  rata  all  tha  waak.  CMtoo 
weald  b*  baaafltad  by  rala,  bat  there  baa  baaa  ao  I^Jarj  to  tba 
■laai  o«  Ikai  aaeooai  oa  yak  Tba  tbaraaoaaaiar  baa  aramfad  W, 
tha  blglMat  balac  101  aad  tha  lawaet  m.    Tbarmtalall  tor  the 

'' laa  baa  baaa  oaalaah  and  IUlr.ai_ _. 

laiaT  daya  bora  the 
id  alxtr-twn  haa- 
Araiag*   tbataometer,   TV.     Balnlall   for    tba 
Moath.  aix  iaabaa  aad  twwtr4wo  basdradtha. 

Af«Ma*f (,  I«mMmm.— Than  bare  baaa  a  few  light  akuwaia, 
tan  danag  tba  paat  weak,  bat  ^be  total  ralanUI  la  ooly  oa*  haa- 
daadik  a<  aa  laek ;  in  tha  aalgbborhoad,  howavar.  than  bav* 
baaa  baavj  raiaa.  Crop  pronpaut*  ara  Sua.  The  tharaoaator 
baa  averarad  V7,  the  hlghaat  balBg  101  aad  tha  lowaat  87. 

LMfMttk.  ArkanMt.—Tkm*  waa  a  light  laia  banon  Moodar, 

al  tka  waak  halag  aiaar  aad  warm.    Tba  tbar- 

avomgad  8»— tka  higbaat  balag96  aad  tba  lowaat 

SI.    Total  rainfall  for  tba  weak  tweaty-aaraa  baodradtba  of  aa 


aoatk  of  Jaaaboa  baaa  oaa  laeh  aad  ttflr-aight  boadtadtha, 

B«*  raiar 
paat  weak,  ahowan.  tha  raialhU  raaahing  oim  and  alxtj-twn  haa 


Ntm  OHmmM.  X»M<ifaaa.— Wa  hod 


MtmpM*.  7«itn««w«.— Than  were  two  raiajr  daya  the  paat 
waak.  Ilia  raiofall  naeUag  aareotr-foar  bandredtba  of  an  inch. 
Tk*  latlaa  aUat  laaka  atioag  aad  haattbr.  Tba  tbarmoaaalar 
haa  natai  fna  Tl  to  88,a«aaafiag  7t. 

ifaiiafffi,  rma^aaw.— Rala  fall  oa  tbraa  daya  the  paat  waak, 
tba  nUfaU  raaebiog  aaraatz-ooa  bnodradtlu  of  aa  lack.  ▲▼*!•«« 


thermometer  77 — highest  d3,  lowest  63.  Rainfall  for  the  month 
five  Inches  and  sixty-three  handredths. 

VkkibuTg,  ifi-uissippi.—We  have  had  rain  on  three  days  of  the 
paat  week,  the  rainfall  being  forty-four'  handredths  of  an  inch. 
Com  is  made  and  cotton  prospects  are  still  flattering.  The  ther- 
mometer has  areragad  79 — the  highest  being  83  and  the  lonrest 

77.  Oar  last  week's  tele;n*m,  instead  of  reaching  us  Friday 
night,  came  Hatnrday  attemoon.  It  reported  rain  in  the  early 
portion  of  laat  weak  to  the  extent  of  one  inch  and  forty-lour 
huO'lrediiis,  and  the  thermometer  daring  same  week  averaged 
79 — the  higlieat  baing  66  and  the  lowaat  74.  In  the  same  tele- 
gram, oar  correspondent  stated  that  the  plant  looked  healthy  and 
atroni;  and  the  fielda  clean. 

Cdumbut,  iftfiuatHpi.— There  were  three  rainy  days  the  past 
week,  the  rainfall  ranching  one  inch  and  ninety-one  hnndredths. 
Rainfall  for  the  moDtb  four  laches  and  lurty.eight  handredths. 
We  ara  having  too  much  rain  for  cotton.    Average  thermometer 

78,  hlghaat  8S  and  lowaat  6a. 

MoSUt,  Alabam».—Tkitn  wer«  delightful  ahowers  here  on  one 
day  the  past  week,  and  the  iodicationi  are  that  tliey  extended 
over  a  widesnriace.  The  rainfall  reached  ninety-nine  handredths 
of  an  inch.  The  lattar  part  of  tba  week  was  clear  and  pleasant, 
the  rain  falling  the  earlier  part.  The  crop  is  derelopini;  prom- 
iaiagly.  Average  tbermometar  81 — higbaat  91  and  loweet  73. 
Uainfall  for  the  month,  two  incbeaand  forty-five  handredtha. 

Montgomtry,  AUAama. — We  bad  deligbtiai  showers  on  Ave 
daya  the  past  wenk,  tbay  apparently  extandlng  over  a  wide  area. 
Ridnfall  for  the  week  forty  four  hundredtlia  of  an  loch;  for  tba 
montb,  one  inch  aad  ninety-foar  handredths.  -Average  tber- 
momater  83— higbaat  95  and  loweat  73. 

8*lma,  AMama. — There  were  three  rainy  days  the  past  week, 
the  lalatall  reacblag  aae  Ineb  and  twelve  haadredths,  The  crop 
la  developing  ptoarillw^-    Average  thermometer  31. 

lfti*aia.  JWM*,-^an  was  rain  on  five  days  the  paat  week, 
tha  remaining  two  daya  being  pleasant  ;  total  rainfall  seventy -two 
biiiidr<>dtha  of  an  laeb.  The  crop  is  developing  promisingly  and 
the  plant  looks  atiaag  aad  healthy.  Lata  raina  have  aavad  the 
com  crop.      , 

JfoaaM,  Oavryia.— Tban  wen  two  rainy  days  the  past  week,  the 
lalalaU  raaebiag  tkraa  Inebea  and  aixteen  handredtha.  The 
Itiananaiatar  baa  araraged  81,  the  bigbeat  being  90  aad  the  lowaat 
71. 

AtlfuM,  (horoia. — ^The  early  part  of  the  paat  week  we  had  tain 
on  oaa  day,  the  lattar  part  being  clear  and  pleasant ;  rain  fell  to 
tba  axtent  ol  two  aad  twenty-five  handredtha  incht^a,  and  daring 
to  fonr  iaabaa  and  flftr-elght  hundredths.  Averaga 
87,  blahaat  00  and  lowest  77.  Crop  aocoonu  an 
laon  (avoiable,  aaathe  crop  la  developing  promlslagly  ;  blooma 
an  reported. 

CWaaikiM,  Oaarfla.— We  bara  had  e<M  rainy  day,  the  rainfall 
for  tbr  wiwk  reaebiog  niaetv-flve  handredths  of  an  inch  ;  and 
for  tba  atoath  two  lBebr<a  and  sixty  haadredths.  Average  tber- 
moiaeter  8S,  hlghaat  n  and  lowest  74^ 

gaaaasaA.  Otargit.—  riier<^  haa  been  no  rain  the  paat  week  ; 
the  dafa  ban  baaa  warm  and  tba  alghu  cold,  tba  tbenaometor 
rmaglag  from  76  to  91.  avenging  84-  Tha  ralafaU  for  the  moatb 
has  baea  foar  and  t*B  boadndtba  laebaa.  f 

AugvMa,  Otorfim. — It  was  showery  hrre  two  days,  and  warm 
aad  dry  the  raat  o(th*  week,  with  the  thermnmeter  averaging  82 
aa-l  a  ralafall  of  Sfly  nine  hundredtba  of  ao  laeh.  Tha  crop  is 
aareloptag  ptomlaU^jly,  aad  aaeoanta  continue  favorable.  Uain- 
fall  for  the  month  flve  Inchea  and  filty-aloe  bundradllis. 

Ohmrit^OH,  SmA  Cbrottno.— There  wasone  rainvday  here,  the 
ralafall  naehlag  aiCktaan  huodradtha  of  an  Inch.  With  the 
rxeeptinn  of  tbia  ma,  tba  weather  has  baaa  warm  and  dry  all 
the  weak.    Thermoateter— highast  90,  loireat  76,  average  83. 

The  following  atatement  we  have  alao  neelved  by  tolagnph, 
abowing  the  height  of  the  rivera  al  the  polaia  aamed  at  8  o'clock 
this  afternoon  (Friday,  July  2).  Wa  give  laat  year'a  fignraa, 
<  Friday,  Jaly  3,  1874)  f or  eompatiaaa : 

^-Jal7 1,  Tt.-.       ^Jnljr  8,  ^t.-« 
Vast.       loch.        Feet.       loeb. 

M<nrOr<«aas..IMowMgb-wal«warlL S  A  6  10 

UmtfUt. Aaavetowweiwifc M  4  11  4 

NaaavUls Ahars  law-wal«r  flark Mlasla(.  1  4 

Tkkaban..  ■  AbOTClow-wolaraaril »  II  M  6 

Naw  Orlaaaa  nyoftad  below  bigb-water  mark  of  1871  until 
Sept.  9,  1874,  whaa  tba  sero  of  gauge  was  rhaoged  to  high-water 
mark  of  April  19  aad  16,  1874.  which  is  6  lOths  ol  a  foot  above 
1871.  or  Ij^eet  above  low  water  mark  at  that  point. 

?aA>  HBPOBTi  or  thb  Cotton  ExciiA.2iaB8  fob  Jusk.— Wo 
give  below  all  the  CkMon  Exchange  Crap  Reporta  for  June  whieb 
we  did  not  publish  laat  weak.    The  qaeatioaa  aent  out  wen  th* 

foUowiag  : 

<{«MtiaBi. 

rir>t  Qaeatloa.— What  haa  baaa  the  abacacter  of  tha  vsaihar  aiaea 
Mar  tUh  ? 

aa«*a4  aaaslloa,— lias  tbsi*  beta  or  additional  p^antlag  itnoe  Msy 
l(th? 

Tlilrd  quoatlaa^Bow  ar«  the  ttaoda  In  yonr  ioctton,  sad  Is  the  plant 
forminjt  •oakloomlnt  w«U  1 

rearth  <|aestlaa.— What  U  tho  preaant  condition  of  the  Cotton  Crop 
In  jour  •Kiiun.  >iwt  bow  doM  it  ooiapart  with  lut  jreir  T 

Finh  Qaeetlea«— atst*  aoy  (ftrorabla  or  aofSTonbla  drcamttaacea 
rataUra  to  Um  (rewth  or  coedUlaaof  the  Ootton  Crop  In  year  •ecUoa  not 
eevsnd  by  iorsrilng  qoasttoaa. 

ChaFieataa  Bepartaeat 

This  raporteevars  the  gMfarawM  OanUiui,  sad  li  prepared  and  lined  bv 
t>>*  CharMStoo  Oouoa  Xasbaoc* Ihroogh  their  Commltlea  on  Information  and 
MOIsUca,  eeapMvd  of  Ju.  8.  Xnrdock.  Chairman,  Wbi.  J.  XcCormack,  L. 
J.  Walkar,  J  U.  Thoavsoo.  W.  K.  Btssdsiaa. 

Saath  CarollMr-Condeaaad  fran  97  lapliea  raoalvad  from  27 
oooatiea. 


20 


.THE  CHRONICLE 


[July  3.  1875. 


t«.wn  ff,  PiMT  Otntno'V  —84  replle*  report  the  weather  favortble :  19 
d,^iS"T^bI.^ »a^  w  Jaall  lo  /an.  10.  ffower.  .Ince ;  J  too  much  rain 

"5S?.™  U  Si^Sllf'Q^Ttoi.-Tl  report  no  additional  planting  .Incc  May 

"i,1w~.?  «  T;i.oTtSl«""-7  report  .Und.  not  good ;  IS  fair  =  M^^^  j 
Urwj gao^  »  report  no  form,  or  bloom.;  »  a  few  form.,  no  bloom.  ,  84 
fomlnswell  nobfoonu^  ^^^^_^^  repllo.  report  P"|;"»,~»^'"5»  !f 
.■£5  and  clean;  68  good :  .«  »ery  good ;»  bad.  Cp«.p«Uon.  with  l«t jear- 
H  report  compare*  nnfavorably ;  18  the  ume  a.  last  year ,  »  favoraoiy  ,  xu 

""jKIWan  TO  rtrm  QuamoK.-HeaTT  .torm.  of  wind  and  rain  are  reported 
In  .llconnd^  .InS  June  7.  dolnjr  mact  injar,  locally.  Lice  are  reported  In 
four  countte.,  ehecklng  the  growth  of  the  plant. 

Sarannnh  Department. 

ThU  report  cover.  JforfA/m.  ITiddU,  and  SoiMa»t«rnCfem-s^mnKMj>t 
Q^gta,  Mcept  the  88  countlc.  In  cliarge  of  the  Augnsta  Cotton  Exchange) 
iudftrenllrS  Slate  of  Florida.  The  report  Is  prepared  '"dUsued  by  the 
8i?annah  Cotton  KxcUnge  through  their  Committee  on  luform.tlon  am^Sta- 
tl.Uea,  eompojed  of  J.  II.  Johnston,  chairman,  T.  11.  Austin,  K.  I.  Jftoaes, 
R.  W.  81mp.on,  A.  Mollkt. 

G«»rsla.— Condensed  from  112  replies  from  59  counties. 

AmwaB  TO  Fiiwt  QrasTios.— Weaihor  dryand  generally  favorable. 

AmwKRToSaoNDQiiBSTiOH.—Noic  of  any  consequence.     ,     .       , 

a2*wkb  TO  TiiiRi.  OtTEsTioN.-Stand.  good  and  the  plant  looks  vigoron.. 
Oi^er'ny  fo?mln}!  wein  but  no  blooms  yel;  except  In  the  southern  portion  of 
IheSt^te,  where  It  l8  beginning  to  bloom.  v  ..».  .i,.- =.,r,. 

AmiraB  TO  FoOBTB  QPISTION.-Good  condltlon-rather  bet  er  than  same 
time  last  year,  except  a  few  days  later,  and  plant  somewhat  smaller 

AirevrKB  TO^^FTB  QDMTION.-The  crop  Is  clean  and  well  worked.    Rain  Is 

°  The''u'n'ifo'rmu'y''i5  the  replies  received  thU  month  from  our  correspondents 
was  remarkable. 

Florida.— Condensed  from  29  replies  from  13  counties. 

AaswBB  TO  FiBST  QuBSTioN.— Dry  and  favorable  for  the  plant,  and  clearing 
the  Held,  of  gnus.  „      ,     .,        ,       u      m 

Am.wbb  to  Second  Qukstios.— No  planting  since  May  18.  ,    ^       ,  „ 

AitnrBB  TO  I  HiBD  QoxsTioN.— Stand,  are  good.  The  plant  la  forming  well 
and  commencing  to  bloom.  ^,.     j  *». 

AsiwKB  TO  FouBTH  qoxsTioN.— The  pl.int  Is  small  from  the  dry  wither, 
which  Kives  It  the  appearance  of  being  two  weeks  behind  last  year.  Condi- 
tion grod  and  compares  favorably  with  last  year.  In  the  Sea  island  district 
two  counties  report  the  condition  not  as  good  as  last  year.  .     ^  j 

Ax.WBB  TO  FIFTH  QuE'Tios.-  In  the  early  part  of  the  season  lice  retarded 
the  growth  of  th^  crop.  These  have  disappeared  without  doing  any  material 
damage.  The  plant,  though  small,  promises  to  be  well  fruited  at  the  bottom, 
which  is  the  principal  part  of  the  crop. 

New  Orleans  Department. 

This  report  1.  dated  June  S5,  and  covers  that  part  of  the  Statt  of  MUsis- 
Html  not  apiiorlloncd  to  the  Memphis  and  Mobile  Cotton  Exchauges ;  the 
enure  SlaU  (if  Louisiana  and  the  State  of  Arkamas.  south  of  the  Arkansas 
River.  The  report  is  prepared  and  issued  by  the  New  Orleans  Cotton  Ex- 
change through  their  Committee  on  Information  and  Statistics,  composed 
of  Harrison  Watts,  Chairman,  R.  De  Gis,  J.  V.  Richards,  Wm.  A.  Gwyn, 
K.  C.  Cammack,  Edward  Morphy,  and  W.  C.  Simmons,  Jr. 

Lonisiana.— Tlie  following  answers  are  condensed  from  eighty- 
three  letters  received  from  thirty -seven  parishes : 

We  have  83  letters  from  37  parishes,  which  unite  In  reporting  generally 
favorable  weather.  There  has  been  no  additional  acreage  put  in  cotton 
since  the  15th  of  May,  but  there  has  been  some  replanting  where  lands  were 
overflowed,  and  to  perfect  the  stands.  The  plant  has  been  better  cultivated 
than  for  many  years,  and  is  growing  and  forming  wel'.  Many  blooms  are 
reported.  The  stands  represented  as  "very  good"  to  "excellent,"  and  the 
present  condition  of  the  crop  is  most  flattering  and  "much  better,"  and 
about  one  week  earlier  when  compared  with  last  year. 

Mississippi. — These  answers  are  condensed  from  103  replies 
received  from  20  counties : 

One  hundred  and  three  (103)  replies  received :  average  date  abont  the  15th. 
Weather  universally  represented  as  very  favorable.  Stands  flue  and  the  plant 
forming  well,  though  loo  early  for  many  blooms.  Present  condition  stated 
as  "very  good,"  and  "much  better"  when  compared  with  la.t  year.  No 
additional  acreage  put  in  cotton.  Replanting  has  been  done  where  the  stands 
were  Imperfect.    Labor  continues  plenty  and  efilcient. 

Arkansas. — Fifty  reports  received  from  twenty-two  counties. 

Fifty  correspondents  send  in  their  answers  from  twenty-two  counties. 
Since  the  1st  of  June  the  weather  has  been  hot  and  moist  enough  to  promote 
rapid  growth,  and  can  se  the  nlant  to  form  and  square  well.  The  stands  are 
very  good,  and  no  replanting  has  been  needed  except  lu  a  few  exceptional 
case..  Bradley  County  reports  the  first  bloom  on  the Sth  Inst.,  but  it  Is  only 
exceptional,  and,  as  a  rule,  blooming  had  not  begun  at  the  date  of  our 
answers. 

Our  correspondents  are  unanimous  in  representing  the  condition  as  ex- 
ceedingly promising  and  far  superior  to  that  of  last  year.  Planters  are  encour- 
aged by  the  prospect,  one  of  the  finest  ever  known. 

Considerable  attention  and  care  has  been  devoted  to  the  cultivation  of 
cereals,  and  owing  to  the  excellent  harvest,  a  feeling  of  independence  is  very 
noticeable  in  our  correspondence. 

Norfolk  and  Portsmoutli  Department. 

The  Norfolk  Cotton  Exchange  (U.  8.  Reynolds,  Chairman  Committee  on 
Information  and  Statistics)  issues  the  lollowing  report,  covering  the  State 
<^  Virginia  and  the  following  Counties  in  Norlk  Carolina:  Rutherford,  Lin- 
coln. Catawba,  Rowan.  Davidson,  Iredell.  Burke. Wilkes.  Caldwell,  Alexander, 
Davie,  Forsylhe,  Yadkin,  Stokes.  Surrey,  Rockingham,  Caswell,  Person, 
Granville, Warren,  Franklin,  Nash,  Wake,  Hyde,  Pitt,  Green.  Cartaret,  Craven, 
Beaufort,  Tyrrel,  Washin^iton,  Martin,  Bertie,  Chowan,  Pasquotank,  Camden, 
Currituck,  Gates,  Ilertford,  Northampton  and  llalifax. 

North  Carolina. — Condensed  from  55  replies  from  29  counties. 
Tirglnia. — Condensed  from  6  replies  from  2  counties. 

QmmoK  1.— What  has  been  the  character  of  the  weather  since  May  15J 

Ahsweb.— IS  replies  report  weather  dry  and  cold ;  14  favorable  :  2  wet  and 
CQld. 

QcMTiON  S.— Ha.  there  been  any  additional  planting  in  your  section  since 
May  IS? 

Ahswib.— M  replies  report  little  or  none  replanted ;  6  replies  from  six  coun- 
tiey  in  Eastern  Carolina  report  large  portions  replanted  as  late  as  Ist  of  June. 

QoKSTioH  3.— How  are  the  stands  in  your  section,  and  is  the  plant  forming 
and  blooming  well  J  j 

Answer.— 54  replies  report  stand  good;  some  few  complaints  on  stiff  lands 
—K>ma  forms  no  blooms  ;  7  replies  from  seven  couutle.  In  Eastern  Carolina, 
report  stand  below  average. 

Question  4,— What  I.  the  present  condition  of  the  cotton  crop  In  your  sec- 
tion, ana  how  docs  It  compare  with  same  time  last  year? 

AN8WEII.-5B  replies  report  condition  of  crop  good  and  well  cultivated,  free 
from  grass  and  weed.;  plant  smaller  than  same  time  last  year;  from  8  to  IS 
days  later.  S  replies  from  five  counties  In  Eastern  Carolina,  report  condition 
bad.    Estimate  only  X  crop  from  the  suad. 

QuBSTioN  6,— State  any  favorable  or  unfavorable  clrcnrost«nce8  relative  to 


the  growth  or  condition  of  the  cotton  crop  In  your  section  not  covered  by  the 
above  questions. 

Ah.wbk.— All  report  weather  since  15th  May  too  cool  for  rapid  growth,  but 
with  warm  and  seasonable  weather  there  will  be  a  great  improvement  in  the 

QoianoN  6.— What  Is  the  area  of  land  planted  in  cotton  in  your  section  as 
compared  with  last  year?    State  Increase  or  decrease. 

Aksweb.— 50  repllo.  report  average  same  as  last  year ;  8  replies  from  two 
counties  give  decrease  of  15  per  cent.  S  replies  from  7  counties  give  Increase 
of  12  per  cent.  . 

Qi;e9Tion  7. — How  is  the  labor  In  nurabe-  and  cfllciency? 

Answer  —Abundant  and  efficient,  working  as  well,  if  not  better  than  for 
several  years  past ;  but  It  Is  rep  irted  that  more  and  more,  of  the  colored  popu- 
lation, are  getting  each  year  on  unproductive  lands  that  yield  but  poorly,  which 
leaves  much  of  the  better  land  uncultivated. 

Question  8.— Has  the  use  of  fertilizers  Increased  or  diminished  this  as  com- 
pared with  last  year?    State  increise  or  decrease. 

Answer.— Increase  in  Commercial  fertilizers  from  SO  to  35  per  cent. 

Memphis  Department. 

This  report  covers  the  State  of  Tennessee,  west  of  the  Tennessee  River,  and 
Ihe  fo'loicing  counties  in  Mississippi:  Coahoma,  Panola.  Lafayette,  Marshall, 
De  boto.  Tunica,  Benton  and  Tippah,  and  the  Statt  of  Arkansas  north  of  the 
Arkansas  River.  The  report  Is  prepared  and  issued  by  the  Memphis  Cotton 
Exchange  through  their  Committiio  on  Information  and  Statistics,  composed 
of  8.  M.  Gates,  Chairman ;  W.  A.  Gjodwin,  C.  T.  Curtis,  J.  R.  Goodwyn,  T. 
8.  Ely,  Geo.  Winchester,  and  Henderson  Owen. 

The  questions  differ  somewhat  from  the  other  exchanpfea,  and 
we  therefore  insert  tlie  questions  with  the  answers.  The  report 
is  derived  from  145  responses,  average  date  May  22d,  to  wit :  from 
West  Tennessee,  43 ;  North  Mississippi,  38  ;  Arltansas,  49  ;  North 
Alabama,  18  ;  and  the  report  is  as  follows  : 

We  would  make  mention  of  the  facts,  that  the  season  has  been 
peculiarly  free  of  grasses  and  weeds  in  the  cultivation  of  both 
cotton  and  corn,  thus  meeting.'in  a  fortuitous  manner,  and  encour- 
aging the  pre-disposition  to  a  better  morale  of  labor,  and  that  the 
very  favorable  crops  of  small  grains  (all  of  which  have  been 
freely  used,)  has  gone  far  to  give  strength  to  work  stock  in  the 
cultivation  of  crops.  You  will  note  that  we  continue  our  inter- 
rogatories in  regard  to  all  general  crops  of  cereals  and  grasses, 
considering  them,  as  we  do,  closely  germain  to  the  production  and 
disposal  of  cotton  crops. 

Question  1.—  Wkat  has  been  the  ch.aracl.er  of  the  weather  sines  Uay  15  /  ani  in 
what  resiKct  has  it  been  favorable  or  unfavorable  to  Che  cotton  jilant  f 

Answer. — West  Tennessee,  24  answer  very  favorably,  18  moderately  favor- 
able ;  North  Mississippi,  19  very,  and  17  moderately  favorable  ;  Arkansas,  36 
very,  and  13  moderately  favorable;  North  Alabama,  9  very,  and  9  moderately 
favorable. 

Quistvon  %.  -Has  there  been  any  cotton  planted,  beyond  replanting,  in  your 
neighborhood  since  Uay  15.' 

Answer  —West  Tennessee  answers  no  planting  since  May  15 ;  North 
Mississippi,  none ;  Arkansas,  41none,  5  answer  have  planted,  averaging  5 
per  cent  more  ;  North  Alabama,  none  planted. 

Question  3.— Are  the  cotton  stands  in  your  neighior/iood  satisfactory ;  if  not, 
what  per  cent  do  they  lack  of  a  good  average  f 

Answer.— West  Tennessee  and  North  Mississippi,  stands  fii'ltj  satisfac- 
tory ;  Arkansas,  44  answer  fully  satisfactory,  5  report  (average)  lacking  5  per 
cent ;  North  Alabama,  16  satisfactory,  2  lacking  (average)  7  per  cent. 

QuestionA.—  Whatis  the  present  condition  of  the  cotton  crop  in  your  neighbor- 
liood,  in  cultivalion,  freedom  from  grass  and  weeds?  Are  squares  forming 
freely,  or  not  ?    You  will  make  mention  if  blooms  ham  appeared. 

ANSWER.  — West  Tennessee,  27  very  good.  1"^  good,  3  moderately  good  condi- 
tion, 39  free  from  grass  and  weeds,  well  cultivated,  3  partially  unclean,  not 
thoroughly  cultivated,  33  squares  forming  freely,  4  not,  1  report  of  bloom  2l3t 
inst.  Nor  h  Mississippi,  19  very  good,  17  good  condition,  all  save  one 
report  free  from  grass  and  weeds,  well  cultivated,  squaring  freely,  2  report 
blooms  nth  and  20th  Arkansas,  83  report  very  good.  13  good,  and  i  In  mod- 
erate condition ;  all  saves  report  free  from  grass  and  weeds  and  well  culti- 
vated; all  report  squaring  freely,  8  report  blooms  from  18tn  to  22d  inst. 
North  Alabama,  5  report  very  good,  11  gool,  2  moderate  condition,  all  report 
free  from  grass  and  weeds,  well  cultivated  ;  15  report  squaring  freely,  3  not ; 
no  blooms. 

Question^.— Under  this  heading  you  will  make  mention  of  any  favorable  or 
unfavorable  ciirumstances  relative  to  the  growth  or  condition  of  the  cotton  crop 
in  your  neighborhood,  not  covered  by  above  questions. 
Answer.— See  aggregate. 

Question  6.—  What  is  the  present  condition  of  corn  crops  in'your  neighborhcod; 
are  they  receiving  good  cultivation  ? 

Answer. — West  Tennessee,  20  report  very  good.  20  good,  2  moderate  con- 
dition, 11  report  small  but  healthy,  all  well  cultivated.  North  Missisaippi,  21 
report  very  good,  14  good,  and  1  moderate  condition,  all  well  cultivated. 
Arkansas,  33  report  very  good,  14  good,  and  2  moderate  condition,  all  well  cul- 
tivated.   North  Alabama,  ti  report  very  good,  10  good,  2  moderate  condition, 

11  report  backward  but  healthy  ;  all  well  cultivatiid. 

QueKtionl.— lias  wheal  been  harvested?  his  it  been  protected  from'jweather  .^ 
and  in  what  condition  are  other  small  grains  and  grasses  t 

Answer. — West  Tennessee,  32  report  wheat  harvested,  10  harvesting;  19 
report  crop  protected,  23  exposed  in  shock  ;  33  report  other  small  grains  good, 
4  not  good ;  35  grasses  very  good,  5  moderately  good,  2  not  good.  North 
Mississippi,  31  report  wheat  harvested,  5  none  raised,  11  report  protection  from 
weather,  20  exposed  in  shock;  13  report  other  small  grains  good,  19  not  good, 
4  none  raised,  8  report  graises  very  good,  23  moderate'y  good,  2  not  good. 
Arkansas.  31  report  wheM  harvested,  5  narvestinsr,  13  none  raised,  19  protected 
from  weather,  17  exposed  in  shock,  30  report  other  small  grains  good,  4  not 
good,  9  none  raised.  North  Alabama,  13  wheat  harvested  5  harvesting,  8  pro- 
tected, 11  exposed  in  shock;  13  report  other  small  grains  good,  5  not,  10  report 
grasses  good,  5  not,  3  none  raised. 

Question  %.— Are  laborers  in  yournelffiborhood  giving  that  application  to  the 
crops  Indicated  in  ynir  last  report?    Please  note  any  material  dlj'ertnce. 

ANSwEB.—We-^tTennes9ee,  North  Mlssis.'fippi,  Arkansas  and  North  Alabama 
all  report  laborers  working  ?/;W/,  accompanied  with  many  such  qualifications 
as,  "  better  than  ever  before,"  "  better  than  since  the  war." 

AGGREGATE. 

145  Responses. 

1.  88  very  favorable,  57  moderately  favorable,  balance  answered  in  question  5. 

2.  140  answer  no  planting  of  cotton  since  May  15  (some  re-plantlng),  5  have 
planted  6  per  cent  as  to  them. 

3.  ia3  answer  cotton  stands  fully  satisfactory,  12  answer  8  per  cent  (average) 
as  to  them. 

4.  84  answer  very  good.  33  good,  8  moderate.  Condition— 133  free  of  grass 
and  weeds,  and  well  cultivated,  7  partially  unclean  and  not  thoroughly  culti- 
vated ;  1.37  that  squares  are  forming  freely.  «  not  yet  forming  well ;  there  are 

12  reports  of  blooms,  dating  from  ISib  to  22d  inst. 

6.  Under  this  head,  we  have  only  to  report  a  limited  complaint  of  too 
cool  weather  at  night  throughout  small  portions  of  each  department ;  some 
little  complaint  of  lice,  dating  from  15th  May  to  about  5th  June,  but  which 
subsequent  very  favorable  weather  has  in  almost  every  instance  remedied. 

6.  80  report  very  good  condition  of  com.  68  good  condition,  7  moderate  ;  32 
report  corn  backward  and  small,  but  healthy ;  all  corn  crops  are  reported  as 
being  well  cultivated. 

7.  107  report  wheat  crops  harvested,  20  being  harvested,  18  none  raised  ;  57 
report  protected  from  weather,  70  report  yet  remaining  shocked  In  the  field ; 
100  report  other  small  grains  in  promising  condition,  32  unfavorable,  13  none 
raised  ;  67  report  grass  crops  very  favorable,  50  moderate  condition,  lO  bad ;  18 
none  cultivated. 

8.  In  response  to  this  question,  in  regard  to  the  morale  of  labor,  the  nnanl- 
mou. reply  is,  that  "laborers  are  working  well,"  "better  than  since  th« 
war,"  "better  tli»n  ever," 


July  3,  1876.] 


THE  dUtONICLR 


21 


NATIOaAIi  CoTTOsr  ExcHAXaS  CXOP  Rztort. — The  Committee 

<m  lailMnaUan  aoa  SutUtles  of  Um  New  Orlaana  Cotton  Exchange 

hmr*  eoaipUad  ■  nmtionai  cotton  efop  report  for  the  month  of  June. 

A  ■unaaiy  of  ila  eoDtenta  ia  h«i«  pr««anted.    Tbeootton^rowinf; 

I  la  wpawlart  iaio  depanmaau,  and  the  report  ahowa  the 

ie(  th«  efop  In  theae  dapartmenta,  aeTerally,  to  be  aa 

(ollowa: 

la  tk*  ,C>a<i<ia  Hiirnft  ttate  feaa  beaa  Mae  Ultla  raplaatlac.  witace 

I  aa<  to  parfact  Ika  ataad*.    Tka  niaat  ha*  bMn  beltar 

aar  ymn,  aa4  li  (rovtaa  lad  ncalac  wait    xaar 

Tim  awniU  ate  lapmialu  j  aa  "  wty  gaed"  t»  "axeal- 

leoMMea  of  the  crap  h  tallarlac. 

,_ jpHaa  iadlcala  Itat  the  •aatbar  kaa  bean  fhTocaMai,  aad 

ikat  tkaUHMa  ate  laaaailbaD'aailimlaa  well.   1^  eoadlU  a  la  battat 
Maa  laat  year,  tal  K  to  Me  avto  Mr  Maaaa. 

Ia.4r*w«afcMta|iUiafteaalBeeaMdaatapo«t  tlMataeatfaa  Irat  of  Jnix< 
Ike  ««atka*  kaa  tiii»a<ail  apld  gieeH.  aa4  eaaaad  Iha  plaat  lo  form  aad 

Tlia  aiaate  are  vary  foeC  aad  ao  raolaadac  haa  keaa  aaertad. 

t  la  a  few  aaerptleaal  caaa*.    Tka  eoaUlifn  to  •apattar  Id  Ikat  of  laat 


dlfeaatari 


S^ 


aUe 


an 
tka 


vatte  a»u«|>aa  af  aae  tt  ike  taaat  erapa  erar  kaewn. 
man  aM  can  haa  kaai  4a<ola4  la  tka  aaMaaUoa  of  eaaaato, 
■caBaal  harriat.  a  fcallaa  o(  ladipiadwca  to  verj  aodoe- 

dCMiL 

(ttiiaadiDtheiaaat  oandHioa  af  Ike  crep  to  (ood. 


T>a>laa«.ike^rhMa«.toilairafMii^iaiaa«a  paita  onnpaia  fkeotably 
«ttk  toal  year.  Baaiy  Manaa al  «StMd  lala  aia  waartad  la  aU  eoaaUaa 
<ae*  JaaeT.  dN^  aiifc  total  da^^ai    Ltoe  la  tapartad  la  Heat  ceaadaa. 

la  Oaanla  thaiaaual  onadltlaa  to  «wd.  aad  abaatlfee  aae  aa  toM  year. 
ThaMaadtaielaaaftoMyaoed.    Tkacnpaaradeaa.aad  labar  to  plaailfal. 


tojptoailfal. 

Tkaaa  are  ao  hIaaaM  aaaapt  la  the  aaukan  porttaa  af  Ike  Male.    Tkaptaau 
aie  aaaaewhat  aaaltor  aad  a  law  daja  IMar  Ikaa  toat  year. 
U  #ln>ML  dtraadh«e*abto«Mlkarkr  daaHM  ttadaMeaf  pwa  tou 


kforaMaLthawk 
ptoiMalcain 


MIMVC 

la~ 


lala  la 


geaanlly 
m  aDaartea,  aad  tkrre  are  aooa  eoa- 
Than  an  eaiy  a  taw  Weeaaa.  Ta* 
thaa  toat  year.  Tka  cnp  to  alaaaar, 
am  toat  rear  ailka  wae  naa 
•ftyin  raaU«a  aian  faennd  heai  •  auaada^  aad  alz 
wrty-d^e 


e(  Ikaoop  to 

and  atonal 

■  dftyln  ..^ . 

la  Tl^ifato.  ^iRrdn  rapltaa  npin  the  aaaMtar  drraad 
rifly-towaaavannppoatlkaalaad  aa  guad.  TWra 
aa  »>Wlaadi.    Tkan  an aaaa  fanaa. hi  aatlnaaii. 


la  Jaa^pali  dnanaval  Mi  leparta  rapraaaait 
aMa.   Tke  w  adfllaa  af  dw  «aap  to  sued  aad 

rapavtoaf  r    ~    ' 


raaaaaaralrfhi 

.    'Aara  an  a  i 


llnMkiriTirinwii     liiiiiliiiiiini  iwtila  il»p>iih raaalead 
1*4*7,  tkare  haTa  been  SSjOOO  ba>ee  ahipped  Iron  Bomb*/  to 


OlMt  BHlnla 
wMla  tkaraeatpM  a 
7.000  bnlaa.     Th« 


itaM    turn    maw    *iMn  nuom 

'Ipitng  it  vo«l4  appear  that  eoapared  with  laal 
lUermtt  af  tfiOO  balM  thia  yenr  la  the  weak'* 


the  paat  weak  and  0.000  balea  to  the  Contlnaai. 
I  ntBowbny  dariBK  the  aame  time  hare  baas 
■t  ateee  the  lat  of  Janaarj  U  M 
totlowa.  Thaee  are  the  Snrea  of  W.  Sleol*Co.,of  Bombay, 
aad  are  broughi  down  to  Tharadajr,  Jul/  1 ; 

aalacaJaa  t->  . — Keeatpto      . 
iMf  Thle     Maea 

Taial.    BrMala.   UaaaL   Tatal       weak.   Jea.  L 

.  mjm     MM    trjm   im/m  »«.«§  i.rabMt     tj»  mk«n 

MM mSt    %*jm    turn   mjm  mutm  umtjm     mm  u 

Mm.. --— -  — 

dlipm'oia  <roin  Bombny  In 

iteea  Jaaaaij  1  pkowa  an  tmirmm  la 

•aaipared  wlik  the  aorreapaadlaa  period 

Qumwt  BAoa.  Baooixo,  4c. — The  d— aad  for  b«irff<Bff 
caallaaad  aaUve  darlac  Um  weak,  aad  hotdata  ara  aaklav  hlfhar 
InMa^  wMak  bayan  da  aat  aaas  diapaaad  la  cive.  tiaira  an 
tapaflad  «r  4jOOO  ralla  at  tt^lSla..  with  UMUe-  •«  Ui«  4a» 
mioaa  In  Boaioa.  Biaeka  la  botk  plaeaa  foot  ap  dCSOO  roll*,  aad 
prlaMh*Taaa  apwaid  teadaaajr.  Boraeo  la  a  Hada  aaalar  at  Me. 
Bkfi  eoatlaae  Jail,  aad.  In  the  abaaace  of  aar  Mlea,  atlaaa  ara 
aovlaally  qootel  at  Hit.  for  heavy  welxhtai  The  atoea  of  batia 
ia  kaad  eDatiaa>e  li«ht.  aad  aoaCof  tb«  Ma  aaar  al  kaad  kara 
baaa  dtopoeeJ  of.  and  holders  ara  rary  dm  aa  M  priea.  whl«k  we 
aaato  at  SM*  tS  ><«-•  «Mh  aad  ttaaa.  baia  at  la  Bjaloa.  Tb  ar- 
nre.tMiia.  ara  ika  tyaiaa  aow  ««rraat,tka  OMrkat  eloalnc  ttm 
at  " 


viaiai.B(tc;ppt.f  ow  iStmom  4aMAnB  dp  arCABLB  ardTblb- 
aaAPn.— Below  we  i^v«  oar  table  of  *iatble  aapply,  aa  nada  ap 
by  cable  aad  lalagrapkloalibt.  The  eoallaaatal  stoeka  m«  tb« 
■7ar««  nf  )t*t  iHtarday,  bat  the  toula  lor  Qraai  Brilaia  aad  tka 
afl'vi'  '  •ml  are  thia  week'a  retnraa,  aad  eoaaaqaaatly 

br"  . .  .  nnwlay  eTenkair ;  heaee  to  oiaka  the  totals  Iha 

eonpiet"  ngurna  for  lo  alKkt  (Jaly  2,,  we  add  the  llan  of 
asaafia  from  the  Oaii«<d  dialaa,  tadudlDK  la  It  the  eiporuof 
Friday  oaly. 

Mk.  MIC  Wt$> 

Htockal  LHerpooi l.mojm  MuHB  WTJOB 

Stock  at  Laadoa  I 


1,1 


r-iul  Oraal  Brtlala 
"-kat  HsTf*  


t«,1 


M» 

UJHt 

tt.1M 

HkM 

ii,m 

(tsca 

U,«I 

turn 

mjmt 

•,m 

mjmt 

tfji» 

ins. 

Stock  at  RottenUm lO.OM 

Stock  at  Antwerp  «.*» 

Slock  at  other  coDtloeotalporU 16,000 


Total  eootlnenul  ataek*. . 


as),uo 


Total  Soropaaa  atoaha. 1.6IT.S00 

Irdiaeattoaadoatfaraarope •4S.000 

AaarlcaocoUoa  afloat  for  Snrapa ISCOOO 

■{ypt.  Brazil*,  Ac.,  afloat  (Or  Inrope Sl.OOO 

•loek  la  Dolled  SUte*  porta t9tt70 

■ioek  in  Uoll»t  Suia*  lolenor  pon*  . . .  I'.sm 

Ooiled  Suia*  export*  to-day t.000 


I8T4. 

1873, 

».ao 

ST.OOO 

1».T30 

»000 

60.000 

84.000 

SOiOOO 

S36,U0 

l.«it,JXIO 

i.«sa.*so 

680.000 

4ST.009 

ISI.OOO 

817.000 

51.000 

50,000 

tS».«7 

196.417 

aa.86» 

M.tOS 

1,000 

5.000 

Tout  Ttalble  aapply l,a«S,S78  *,7U,'IM  t.600,073 

or  theahoTe,  the  totato  ol  Amenean  aail  other  de>crlpUoai  are  **  fol- 
low*: 


ObaUaaatolatocka 

tawinaa  afloat  lo  Koropa. 

OaMadStalaa  atork 

OaiHd  aulas  tatarlor 
Oalled  Slatsa  rzpoi  ts 

Total  Aaaaleaa... 


m,ooo 

.      180,000 

.      1S>1.000 

ift!,sn> 

17.8W 
.  I,17«,0i8 

.     608,000 

.     168.000 

lalaloeka t««.flOa 

•«,oao 

■lypt.  Braall.  Ac  afleal il.810 

ratal  BaM  ladU,  ke UatJOO 

'Paul  Aaaflcaa l,m,*M 

Total  TtolMaakpply hatoa.  tMMM 

PMealflddnaaUpUadiLUearpoel 7»-l6d. 

Theae  Brnroe  ladtaata  a  d«er*a««  In  the  ,~.~_  ._  ..»"•  •»- 
alirht,  of  aoi.ilS  halaa  aa  compared  with  the  aame  date  of  1874, 
tad  adseraaa*  of  S4,dM  balaa  aa  aompared  with  the  eorreapond- 
lerdateof  1871. 

XoTBKBWTa  OP  OOTWir  AT  THB  iNTBRIOR  PORTS.— Below  we 
Zire  the  moTementa  of  aotton  at  the  interior  porta — reoeipU  and 
ahlp'aen'a  Inr  the  week,  and  atoek  to-ninht,  and  for  the  eorrea- 
potkdiac  week  of  1874 : 

aadlaa  Jaly  *.  1&-.  ^Week  eadlnc  Jaly  «.  "74.-. 
Sklpmeou.  Slock.   RecelpU.Sblpmaau. Stock. 

taflaato m*  67*  t,7V)  MM  861         10,103 

88  148  Vn  76  108  1.908 

at  SSr  IJ88  68  ITS  SJSt 

M  66         Ml  as  181  4fr 

■  66  4«r  166  741  848 

■eapkl* M  UM  7.M7  686       /t368         16.666 

!laah*lUa. 81  471  4ja»  160  417  8,818 

TMal.eld..  ..  ~ii 


4B\000 

390.000 

691,000 

633,000 

191,000 

6*7,000 

639,411 

196,417 

S6,8S» 

34,405 

1,000 

5^000 

1,187.666 

1,086.866 

808,000 

5*7,00'' 

169.600 

167,000 

6:o.ono 

806,630 

680.000 

487,000 

66,000 

00,000 

l,S»,S00 

1,614,660 

l.in.668 

1,065,616 

«,7tfl.7i8 

6,600,076 

»Hi. 

axd. 

eottOD    In 

elfcbi  to- 

Total.  I 


IN 


1.01* 


8,666  17J68  IJM 

66  16  198 

«M  608  116 

7*4  1,018  896 

1.670  4.M8  Ija 


1.6a)       T.ni 


i,<n 


111  104 

68  666 

4S0  T,«ll 

l,s«  io,ai6 

6,867  I6.1TS 


TouLaa.  .    t788  %,V*         e.380  6.MI  8,161         86,i4S 

Tha  above  totala  aba w  that  the  old  interior  atoeka  havedssrsaaed 
dariac  the  week  2MH  balaa.  aad  are  to-olnht  19.031  balaa  isac 
thaa  at  tke  aaiaa  period  last  yaAr.  The  reeeipu  have  been  887 
baJea<«a(tUaa  the  aaae  wMk  laat  year. 

Tke  eaporte  ol  aatlaa  thia  week  from  New  Tork  show  a 
deetaaae,  as  compared  with  laat  week,  the  tout  reaohinir  8,800 
balaa,  ai(«lnat  KJ06  balea  laat  week.  Uelow  we  irive  oar  u*uid 
labia  showing  the  exanrU  »'  cotton  from  New  York  and  tb'ir 
diraelloa  for  each  of  the  la*t  four  weeks;  also  the  toul  ex- 
poru  aad  direetloa  alaee  Sxpt.  1, 1874;  and  la  the  last  coiumn 
the  total  for  the  aaia«  perlol  of  tita  prrrLiuit  y»ar. 

kalaa)  nreaa  New  VorK  elaeeaeat.l.  1ST4 


wssa  aamaa 

Total 

to 
data. 

flame 
period 

Jaae 
9. 

s* 

Jaae 

U. 

Jane 

80. 

ijtn 

prar'ns 
yasr. 

UTarpenl                       •  •  > 

K68B 

IB8I8 
1.466 

7,066 

400.717 

Otkar'BrttMi  Ports 

Tetal  !•  at.  Brllala 

Been 

14.6B 

IMM 

U,7» 

185,186 

11.861 

4J0.7t7 

6,186 
1.701 

-latal  Vraaeh 

JiiawaaadBaaev 

aaaibari 

Olbsr  porta 

196 

'  IB 

iio 

488 

8,686 

181 
IM 

11.UI 

18.879 
17.666 
Mil 

8.611 

I8,«4 

4,oa 

8318 

Tetal  ta  N.  Barepa. 

■Mta|OpOTto«aihtailar«« 

«8 

lit 

488 

887 

40.818 

10 
86 

18J66 

16 
1,647 

Tatal  apala,  fka. 

.... 

6.866 

66 

6.816 

Oraad  Total 

i4.«fn 

laiiM 

16^608 

407.186 

4«lM7 

22 


T^E  GHBQNXCLjfc 


[July  3,  1875. 


PbUadelphia 

and  Baltimore  for  the 

lastw 

sek.aD 

dsine 

eSept 

1,'74: 

BBOi'nrBOM- 

nw  TOBK.                BOSTOB.        ||PBII.AD«Uf'U 

BALTIMORB. 

TblB 

week. 

Since 
SepL  1. 

TblB 
week. 

Since  1 
8ept.l. 

TblB  1  Since 
week,  Sept-l. 

TblB   Since 
week.  Septl. 

N«w  Orlwnt.. 

riorliU 

8'tb  Carolina. 
N'th  Carolina. 
Vtnlnla....  . 
Honh'rn  Port> 
TeuiMtee,  Ac 
Foralgn 

80t 
81» 

ioi 

30& 

in 

101 
1°U4 

i 

:09.4i6 
61.S1S 

im.ces 
I.no 

'B 

1W,TOI 

18,t45 

lU.OU 

2,M« 

874 

eu 

S9S 
16 

Sl,«ll7 
14,150 
41.804 

ao,7tt 

«;6ii 

78,818 

67,699 

S8,39R 

lU 

'ioir 

6.881 
4.184 

i4.ge8 

5,679 
3l',566 

'too 

178 

■'ii 

17iM6 

1S.CB4 
18,7«S 
61,069 

7',966 

Total  tbla/aar 

6,C« 
8,195 

781,744 
9»1,8»4' 

1,798 

318,7i4 

933 

6i,a89 

l.OM 

117,796 

Totallitt  year 

4.458 

3»,500 

644 

40.539 

108.200 

,— Fair  A 
r-OrdiAUld-.    ..g'dfair^ 

8ealBland 16         18  19       20  «3 

Florldado  16V      16H       17       13  SO 

Ord.  Q.Ord.  L.MId.      Hid.     Q.MId.  Uld.F. 

qpland..6X      7  7M  7X         7  11-16  8 

Mobile...  6X      7  7  5-16      7^-16    7X  8 

Texas...  6X     7  7  6-16     7  9-16    7X  8« 

N.Orl'ne.  6;i     7X         7  7-16     7  11-16  8)i  6X 


,-aood  A  ^Same  date  1874- 
»ine.-^     Mid.  Fair.  Good. 


34        19        33 
17        18 

Hid.     U.HId. 
8X  8K 

8  6-16       SS 

8' 7-16    '& 


86 

20 

M.F. 


9X 


4.837 

8,862 

163 

304 

8,117 
2,873 


Shippino  NBVfs. — The  exporia  of  cotton  from  the  United  State 
the  past  week,  as  pei  latest  mail  returns,  have  reached  24,453 
bales.  So  far  as  the  Southern  ports  are  concerned,  these  are  the 
same  exnorts  reported  by  telegraph, and  published  in  The  (Jhbon. 
ICI.B  last  Priday,exceptaalveston,andthe  figures  for  that  port 
are  the  exports  for  two  weeks  back.  With  regard  to  New  York, 
we  include  the  manifests  of  all  vessels  cleared  up  to  Wednesday 
ntllht  of  thin  week.  Total  baloe. 

N«w  ToRK— To  Liverpool,  per  steamers  Russia,  106.  .  City  of   Rlob- 
mond,   1.150...  Republic,  4«1.  ..England,  S88  and  8So»  Island 

..  ..per  sblpWaebinglon,  1,704  ...per  bark  Mendoza,  500 

To  navrf-.  per  steamer  France.  2,817 per  brig  Mariposa,  1,315.... 

To  Hremcn,  per  steamer  Rhein,  163 . .  • 

To  HambnrgJ)er  steamer  Sncvia,  301 

New  Ori-banb— to  Liverpool,  per  steamer  Arch  Drnld,  2,116. ...per 

ship  Higarstown,  6.001 

To  Havre,  per  shio  Emma,  S,873 

Obablbston— To  Havre,  per  schooner  Lilly.  1,.375  Upland 1,875 

Hli.Tnio»K— To  Liverpool,  per  steamers  Guillermo,  450...  Caspian,  657    1,107 

To  Bremen,  per  steamer  Obio,  1.095 ...        1,095 

Boston— To  Liverpool,  per    steamer  Marathon,  856  ...Vis  New  York, 

per  steamer  Cfblna.  485 — 741 

PHn.ADKi.PHiA— To  Liverpool,  per  steamer  Pennsylvania,  279 279 

ToUl 84,  «3 

Tbe  p^rticularsof  tbase  shipmeats, arranged. in  our  usual  form 

•re  as  follows: 

Liver-              Bre-    Ham- 
pool.  Havre,  men.  burg.  Total . 

NewTork 4,837    3.664       163       204  8,866 

New  Orleans 8,117    2,878      10,990 

Charleston 1,375      1,375 

Biltimore 1,107     ....     1.09S     ..,,  2,203 

Bosion 741      741 

Philadelphia 279     279 

Total 15,081    7,010    1,256       304     34,453 

Below  we  give  all  news  received  to  date  of  disasters,  &c.,  to 
▼easels  carrying  cotton  from  United  States  ports  : 
QnmfOLE,  str.,  Matthews,  from  Savannah  for  Boston,  with  a  cargo  of  cotton 
and  general  merchandise,  broke  her  mam  ehaft  70  miles  NE  of  Cape 
Hattoras.    She  worked  up  under  sail,  and  lay  at  anchor  10  miles  off  Cape 
Henry,  June  33,  awaiting  assistance  from  Norfolk. 
NiAOARA.  ship.— Abou'.  176  bales  of  cotton  in  addition  to  the  number  before 
reported,  had  been  saved  from  the  ship  Niagara  (Br.,)  from  New  York 
for  Liverpool,  wrecked  at  Holyhead.    Tbe  divers  had  stopped  working 
on  account  of  the  heavy  sea  up  to  June  25. 
PnAnuz  Bird,  i  ark,  Sandford,  from  New  Orleans  for  Liverpool,  before  report 
ed  as  buying  put  into  Key  West  June  IBth  with  her  cargo  of  cotton  on 
Are,  reports,  Jane  15,  at  6  A.  M..  50  miles  SB  from  Sand  Reef  discovered 
cargo  on  flro,  kept  off  for  Key  West.    She  was  towed  to  a  place  of  safety 
to  be  sent  tied  and  sunk,  but  the  steamer  Cora  being  In  readiness  towed 
her  up  and  turned  steam  on  her  cargo.    They  had  cucceeded  on  the  2Jd 
In  subduing  and  extinsjuishlng  tbe  Are  and  taking  out  some  70  bales, 
Bome  badly  burned  and  all  saturated  by  steam.    The  bark  was  towed 
to  the  wharf  that  morning  to  be  discharged,  when  the  full  amount  of 
damage  would  he  ascertained. 
Saoa,  bark,  (Nor.,)  from  New  Orleans  for  Malaga,  before  reported  at  Gibraltar 
In  distress,  had  completed  discharging  June  10. 

Cotton  freights  the  past  week  have  been  as  follows  : 

, -Liverpool. „ — Havre .  . Bremen. — 

Steam.  Sail.       Steam.  Sail.     Steam.     Sail, 

d.  d.  c.        c.  c.  c. 

Saturday .._  ^^11-82      ..(^?-32         J<;  Xcomp. 


-Hambsrg.— , 

Steam.    Sail. 


Hon  day.. 
Tuesday. 
WedneBday9-3' 
Tbnreday. 
Friday.  .. 


Xcomp. 
Kcomp. 
Jicomp. 
J^corap. 
Jicomp. 


c.  c. 

Xeomp.  . . 

jjlcomp.  .. 

Xcomp.  . . 

Jicomp.  .. 

Xcomp.  . . 
»icomp,9-3J 


BRE  ADSTUFPS. 

Fbidat.  p.  M..  July  a,  18'.5 
The  flour  market  has  been  somewhat  irregular  in  the  past 
week.  Shipping  extras  have  been  in  brisk  request,  and  not  being 
in  large  supply,  have  brought  more  money  ;  latterly  the  offerings 
of  these  grades  have  been  mostly  for  July  delivery,  and  leading 
State  and  Wisconsin  brands  have  brought  $5  35@5  35.  The 
supply  of  low  grades  has  been  stimulated  by  their  disproportion- 
ately high  prices ;  and,  as  the  demand  has  been  but  moderate, 
they  have  yielded  a  little.  The  high  grades  have  latterly  met 
with  more  demand.  The  production  of  flour  now  bears  a  better 
proportion  to  last  year  than  for  some  time  previously,  but  there 
is  nowhere  any  important  accumulation  of  stocks.  Rye  flour  and 
corn  meal  have  ruled  very  firm,  with  a  good  business  in  the 
latter.  Yesterday  there  was  a  buoyant  feeling,  in  sympathy 
with  wheat.  To-day  trade  was  5nly  moderately  active,  but  the 
market  was  firm. 

The  wheat  market  has  been  active,  and  prices  show  consider- 
able advance.  Receipts  have  been  much  larger,  but  shippers 
have  been  eager  buyers,  and  holders  have  been  able  to  obtain  a 
slight  Improvement  from  day  to  day.  The  business  for  future 
delivery  has  been  less  liberal,  but  on  Wednesday  large  lines  of 
No.  1  Spring  for  July  were  sold  at  $1  21(gl  22.  Receipts  at  the 
West  have  been  more  libera),  and  ocean  freights  are  higher,  but 
favorable  foreign  advices  have  more  than  overcome  these 
influences.  Yesterday,  there  were  sales  of  half  a  million  bushels, 
at  2@3c.  advance;  No.  3  Chicago,  $  I  16i(ffl  17;  do.  Milwaukee 
$1  19@1  21  for  July  and  on  the  spot,  and  No.  1  Spring,  $1  22@ 
$1  2.5.  To-day  there  was  a  decline  of  l(g3c.,  with  the  market 
dull.     No.  2  Chicago  sold  at  $1  15@16  in  store  and  afloat. 

Indian  corn  has  taken  a  wider  range  of  prices.  The  receipts  by 
canal  embrace  many  heated  cargoes,  which  have  been  sold  at 
73@75ic.,  while  mixed,  in  steamer  condition,  has  been  in  full 
supply  at  76(a79c.;  sail  com  has  been  scarce  at  80382c.,  with 
choice  white  as  high  as  89c.  The  receipts  continue  quite  small, 
but  in  view  of  large  stocks  and  favorable  crop  prospects,  holders 
aie  inclined  to  pell.  To  day,  the  market  closed  a  shade  firmer 
with  only  a  moderate  businem,  however,  and  no  marked  change  in 
prices. 

Rye  has  sold  to  a  moderate  extent  at  full  prices.  Canada  peas 
have  been  quiet  and  nominal.  Barley  malt  has  been  more  active 
at  firm  prices.  State  $1  40@1  55,  and  Canadian  $1  65@1  75, 
cash  and  time. 

Oats  were  much  depressed  early  in  the  week,  with  prime 
mixed  selling  a^  62e.,  but  soon  recovered,  with  an  active  business 
at  <53(aG3^e.  Supplies  have  been  only  moderate  at  all  points,  and 
it  is  thought  that  a  speculative  reaction  may  be  safely  counted 
upon.  To-day,  at  the  close,  prices  were  about  Ic.  higher  after  a 
brisk  demand  during  the  day ;  No,  3  Chicago  inixed  sold  at 
64®64ic.  in  store  and  afloat. 
Tbe  following  are  the  closing  quotations  : 

Flour.  i  Ubaih. 

No.  «.^...^........,i|gj)bl.  14  IQia  4  40  [  Wheat-No.3 .■!prlng,bn8b.$l  is®  1  15 


liiVKBPOOL,  July  2.-4  P.  M. — By  Cabi,e  from  Liverpool.— 
The  market  opened  dull  and  closed  steadier  to-day.  Sales  of  the 
day  were  8,000  bales,  of  which  1,000  bales  were  for  export  and 
■peculation.  Of  to-day's  sales  6,000  bales  were  American.  The 
weekly  movement  is  given  as  follows  : 


June  11. 

Sales  of  the  week bales.    50,000 

Forwarded 6,000 

of  which  exporters  took 6,000 

of  which  speculators  took 1,000 

Total  stock.  .  1,003,000 

of  which  American 608,000 

Total  Import  of  the  week 86,000 

of  which  American ..    49,000 

Actualeiport 5000 

Amount  afloat 526.000 

of  which  American I61.OOO 


June  18. 

June  25. 

58,000 

66,000 

4,000 

3.000 

7.000 

8,000 

3.000 

2,0(10 

,008.000 

991,000 

597.000 

598,000 

67,000 

53,000 

21,000 

87,000 

4,000 

6,000 

559,000 

575,000 

155.000 

146,000 

July  2. 

48,000 

5,000 

7,000 

2,000 

1.030,000 

623,000 

94,000 

51,000 

8.000 

6.36,000 

97.000 


Satnr. 

HId'g  Dnlands  ^  7-16 

do   Orleans.  ..^Ifi 


The  foUowlng  table  wUl  show  the  dally  doslig  prices  of  cotton  for  the  week: 

Mon.  Tues.       Wednea.      Thnrs.         Frl. 

7Ji  7  6-16  7Jf  7V         7  3-16 

..(a7»-16      ..®7¥      ..®7  7-16     ..©7  7-16    .,®1Ji 

BOROPBAN  COTTOX   MAEKBT3.-In  reference  to  these  markets 

'J2',o'','L''®''''T^°'  '°  r<ondon,  writing  under  the  date  of  June 
18, 1875,  BtateB : 

LiVBBPOOL.  June  16.-The  following  are  the  prices  of  middling 
qualities  of  cotton,  oom.iared  with  those  of  last  year : 


3uperflneStateand  Weet-  | 

ern 4  60a  <  101 

Sztra  State,  Ac 3  IS®  5  35  I 

Western  Spring    Wheat  I 

extras 5  10^5  40 

do  XX  and  XXX 5  60®  6  50  1 

do  winter  whe«t  Xand  I 

XX 5  60a  7501 

City  shipping  extras.  ..  5  253  6  UO  I 

City    trade  and   family  | 

brands.    ..   5  75®  7  50  | 

Southern  bakers' and  fa-  I 

mlly  Brands 6  25®  7  IS  I 


No.  2Bpring 1  16©  1  SI 

No. 1  spring 1  23®  1  25 

Red  Western 1  S8@  1  38 

Amber  do I  35®  1  36 

White 1  86®  1  40 

Corn-Western  mixed 78®     8* 

White  Western SS®     90 

Yellow  Western 83®      84 

Southern, yellow ®  .... 

Rye 93®  1  05 

Oats— Black @ 

Mixed 65®     64 

White    64®      67 


Southern Bhipp'g extras. .  5  40®  6  00  |  Barley— Western 

Ryeflour,  superfine..   ...  5  Ift®  5  60  I     Canada  West & 

Cornmeai— Western,  Ac.  3  85®  4  15       State &  .... 

Corn  meal— Br'wine,  &c .  4  40®  4  65  I  Peas— Canada 1  16®  1  85 

The  movement   in  breadstuffs  at  this  market  has  been  as  fol- 
lows : 

. BBOBIFTS  at  NBW  TOBK .^ BXFOBTB  TBOH  IfBW  TOKK. , 

. 1875. .        since    , 1875. ,     . 1874. , 

For  the  Since  Jan.  For  the  Since  For  the  Since 
week.      Jan.  1.       1,  1974.     week.     Jan.  1.      week.        Jan.  1. 

Flour,  bbls.     84,550    1,600,528    2,034.961 

C.meal, ".       1,239        67,676       n!),031 

Wheat, bus.   990,532    8,716,179  21,743,342 

Corn,      "  .    301,246     9,405,278  13,333.805 

Bye,       "         16,716        73,061       418.021 

•Barley  "  .     47,465    1,0,38,290       S02.7SO 

Oats  ..."  .    333,709    4,186,104     4,799,983 


29.838 

4.1.33 

618.277 

235,974 


5,632 


878,615  ;2.027  1,127,509 

85.209  7.864  101.516 

9,619,632  1,841,573  19,348.C36 

6.010,924  951,413  9,199,280 

105,687  13,454  476,130 

110 

59,276        2,876  62,678 


•  In  "Receipts  at  New  York"  Includes  also  malt. 

The  following  tables  show  the  drain  in  sight  and  the  move- 
ment of  Breadstuff!  to  the  latest  mail  dates : 


July  8,  18760 


y^  cmfiQXicpi 


28 


mmcmtm  at  i^xz  ahd  ritbh  forw  for  thk  wbbe  rnoihq 

JQII»  M,  ARD  FROM  AUO.    1   TO  JUNE  36. 


SiSS^. 


Nathl. 


rMar.  Whait 

bbli.  bolh. 

(lK1b».i  raoibi.) 

ft1*^  t7l.4U 

«i(  Ti».in 

.     !.«<  I1S.3tS 

..    Mai  si.tn 

•tan  iM« 


batb. 
(Mlbi.) 
on.sn 

1»,7W 

«.« 

MJM 

e,«o 


oau.     tt*rl«j.     ajr«, 

balk.      bi«b.      i>s>b. 

(a«tb*.)(«8n>i.)  iMIbA) 


CM 
•.IM 

1M1T 


Tout. 
Pratnood 
CntTMp^  weak,  14. 

~        *n'. 

M 
TO. 


800 


S3 
SM 


t,«77 
l.BSO 


9a.aa 
Mint 
is.aB 

N.MI 


l.SM,Mt 
l.U>,IN 


IR4,4» 

3^ 


1SK 

•tin 

9ltM 

lata 

7.181 

utii 


«.>M 

1I,M5 
M.tH 

IMM 

isjn 

TH  lOjMUH  S.:iT.MI  ua.M» 

^.  ,wt  t^if.9U  iMk.3M  i.r««,a» 

i^MB,«»  *a.miM  9jmj3*  u.rt*,*t* 

I  MM>ait  IT  Aw  MM.1I»  *.m,7D6 

•bttamte^. 

dHtFMKNTS  o(  flour  and  U/mio  from  the  porta  o<  Chi(«)ro 
Ifitwaa4*«.  raIe4o.  Detroit.  CT«T«l»Bd,  8t  Lonii,  Peoria  and 
Doloth,  ^OT  tlu»  w*«k  rni»og  Jaae  M.  187S,  and  from  Jan.  1  to 

Jaoa29: 

rioai.      Vb«M,       Cora,       Oaia,      Baria;.       Ija, 
>>M»       Naak.        baah.      baah.      baak, 


..4.nvna  i 


*»•«- 


janaSi^im 

.  jaaa  19,  MS 


Ills 
•p^wa*ktST« 


wiaiijK  m 


ni.MT  i.eri.1 


1t,T99 

»i,t«     ni.'««T  ».>ti.«m 

UOMM  l«.t7«klW  lt.lfT.4U 

uniM  t».Mi,at  n.Mi^n7 
temjm  ^m.mt  n.Mi.«e 
i4«.«>  %.mijm  m.fm.'m 

■icBiPT*  or  ru>i7R  AXoiRAta  at  irvhoaro  roan  for  tsb 

WRBS  RMDIJIS  JD.tBSt,  1973.AXD  rROM  JAJI.1  TOfvnM. 

Can,        (tala.        BtnfT.    Jtj9, 


•*« 

Gbr.  wa*n4 nut* 

Taul  Jaa.  I  ia4ala.4aMtl  U.IMII 

.«>1.4»  ll.4M.iai  i|.m«i*  I 


fHB  Ttmat.K 


Horn.*  OF  Uraiv.  iRalnllBir  tb«  •to«ka  is 
-  rielpRi  polott  «'  aeeamnlali**  al  lake  ani^ 
1  la  traaali  bj  rail.  Jan*  14, 1^9 

Vbaar.       Cera.         OalB. 
t>a>b         baah.         baah.        baah. 
1.IHIUI      PIVHS  1.M 

t,«|4>M     «ir,nt 
lim      ii.4M 


bSr 


l«l4IO 


«M.tM 

M*        

tmtjm 

ftwuie  iflRVi  MP^** 
T.WMW  Tja^g   tMUM 

THE  DAT  GOODS  TRADB. 

FanuT.  P.  M.,  Jair  t.  Wit. 
Tb«  oimt  appraaeh  of  tli"  Xatlooal  HQlidaT-,  ootnblnad  with  the 
(■UtrapUoR  eaaaed  by  atnck- taking  on  the  pan  of  jobl>era.  had  a 
daipreaaiaK  laflaMMi  dsor  kvte«a,  which  ha*  bMR  light  In 
RaRrtj  all  d«p«rtia«nta  nt  tha  trad*.  Bnmmli  eoomMoo 
apaHaoead  •  aiightiy  Improre'l  deoRad  for  Uio  moat 
«4tloa  prodnetlosa— jobban,  on  ravtawiag  their  atoefca, 
hiWiRg  tcmui  it  nieiawry  to  sm^«  porchaaea  for  the  eompletlon 
of  aaairlmtmH ;  aad  la  woolaD  g«od*  (or  men 'a  wear  there  »aa  a 
ataady  if  not  vtrjr  briak  utorawaat.  Mach  l^aa  preaaore  to  fore* 
frooda  o«  the  mark**  was  obaarrable  than  h*a  gaaarRll/  twea 
wltR'aaed  at  tha  doaeot  Jane,  eona^-^'ientl;  pHeaa  ir«ra  main- 
tained whh  aaaipRimtlTe  flnBaaa*.  Tha  *s«ote  of  8pnigq*'a 
prints  rrdncad  the  prlea  of  IhMr  Ugh*  tandaa  and  ahirtinini  tn  tho 
eseaptlooally  low  Igaia  d  7e.,  laaa  a  tnda  diaaonnt,  tod  manj 
hnadrada  of  eaaaa  vara  dMilbirtad  wlthla  r  fcw  hoara  of  the 
ladnctioii.  Bnalji*a»  haa  bacqiaa  almoat  atagaaat  wtlh  im|>ort«ra 
ct  irj  g»im,  »aA  will  pio^aW/  remain  ao  uallladamaod  for 
fktl  good*  tkRlI  be  daralofial  aome  week*  b«Rae. 


tiontwrs  broug>bt  their  iieaaon  to  a  olose,  and  will  not  resume 
their  nlea  notil  the  latter  part  of  Angoat.  Tha  iobbers  were 
reeiplenta  of  a  considerable  amonnt  of  orders  from  conntrj 
retailers,  bat  otherwise  their  tranaactiona  were  light  and  nnim- 
portant. 

DoMSSTic  COTTOK  QoODS.— The  market  was  very  quiet  daring 
the  early  part  of  tha  weak,  bat  after  the  first  of  the  month,  when 
jobbers  had  cimpleted  atock-taking  a  little  more  demand  for 
small  aeUetions  waa  experienced  by  the  commission  hougea. 
Printi  moved  slowly  from  agents'  hands,  except  Sprague's  makes, 
allnded  to  above,  which  sold  freely.  The  jobbers  subjected  all 
styles  of  Garner's  pilnta  to  an  advance  of  ^e.  per  yard,  which  will 
enable  them  to  realise  a  profit  on  goods  which  they  have  been 
sailing  for  some  weeks  past  at  cost  price.  Print  cloths  had  a 
weakening  tendency,  and  extra  04x64  cloths  receded  to  5<95^. 
Brown  shaetlnfta  were  qniet  for  distrlbation  in  the  regular  way, 
bnt  eonaidarable  quaatities  which  had  been  placed  on  memoraa- 
dom  were  charged  up  by  atrents  on  terms  rather  more  favorable 
to  buyers  than  lata  aaking  rates.  Bleached  shirtings  became 
rather  more  active,  and  some  fair  parcels  were  aold  for  the  home 
aad  export  trade.  Id  eaIort>d  cottons  and  corset  jeans  there  was 
no  movement  of  importance,  bat  rolled  jacooneta  of  dark  shades 
met  with  more  attention  from  those  disposed  to  anticipate 
Aatamn  wants,  and  who  realize  the  nndoobtfid  cheapness  of 
theae  goods  at  correal  latea.  Qrain  hag*  were  fairly  active  in 
jobbera'  handii,  and  there  ifaa  a  steady  inquiry  for  carpet  warpa 
and  twines. 

DOMKsnc  WouLB!«  QooDs. — The  demand  for  woolen  goods 
for  men's  wear  by  tha  rioihing  trade  was  spasmodic,  bat  tha 
SRlaa  of  the  week,  eoml^n>^  wbli  dellvadA*  on  aoebant  of  former 
orders,  reached  a  msMCIable  aggregate  amount.  Fancy  caaai- 
marea  Rod  aoitings  w^  placed  with  dothiars  ani  jobbera  In  fair 
parodSiRod  wontadf  coRQag*  continned  in  aoch  steady  demand 
that  aavatRl  laadlsg  vake^  are  heavily  sold  to  arrive.  Faced 
bsRvars,  bisek  doaaklns  and  col  on  warp  cloths  ruled  quiet,  but 
ElysiRas,  Ulalera, fancy  cUiochilUs  and  for  beavers  were  in  steady 
reqaaat  Keotaeky  jsans,  in  low  and  medium  crades,  were  dh- 
tribatad  in  iaereaaad  Rmounta,  bat  aatineta  were  leaa  active.  Mora 
Rttnitloa  haa  been  paU  to  flannels  In  view  of  ear^  Operations,  and 
alraady  aoma  tranaa^lens  havs  oocarred  in  shirting  makas.  In 
bteakpla  little  haa'befa  done  thuo  far.  'out  prtcea  will  b*  eatab- 
Ii*he<l  within  a  abort  time  which  will  probably  show  an  advanea 
opoo  last  year'*  ratxa.  Shawls  remained  dull, bat  agent*  received 
fur  orders  for  iha  futafedeliverv  of  colored  popUna,  sergsa  and 
faaey  draas  febrios  satljtbl*  for  Ute  Fall  trad*. 

FoRUOX  DxT  Qoobt.— Basine«s  eontinoed  axeeedingly  qaiat 
with  Inpottara,  bat  wa  w*  nn  weather  which  nravRlled  gave  a 
alight  tspataa  to  ihaaamsnd  for  light  Summar  dreaa  fabrica  and 
R  WW  dawHpUoRa  «(  trUta  gools,  whleh  were  dlatrlbuttni  by  tbi 
iohbaia  ts  r  modarata  Rgcragat*  amouat  In  exeeulion  of  orders. 
Black  grasadlnca,  ehamhwra,  sod  linons  in  natoral  shades  were 
the  moat  active  of  dr«<a 'inAt'>rla<s,  bul  the  IsitRr  alone  were 
aiaady  1r  price.  The  rtMlliHi  Moms  praaented  mJagre  ofTerlnga 
of  asaoftad  fabrlca»  wMm  Mtiq|ml  poor  priaea,  and  tha  aalea  for 
the  Spitag  saaaoa  wari^Kttgw  to  a  eloaa  In  tha  middle  of  the 
weak,  aal  aaiaaa  apodal  aal'>*  ihoald  oae«r  tbara  will  be  no 
faitbar  poblle  oflbrlaga  of  dry  g<>o4s  befOro  the  middle  of 
Aanat. 

"rba  Importatlona  of  dry  goods  at  thla  port  lor  the  week  ending 
July  I.  187S.  aad  tha  corraaponding  weaka  of  1874  and  1878 
hare  been  aa  follows : 

■naass  roa  ooaaofv^oa  roe  ma  was*  aaDOia  rm.r  I,  IVli. 

^.— un ,      , im4 .      . — 

rkaei    Valor.       Pfcr*.      Valaa. 
ll     IMOJBI 

^       4«     mm      

4e  «iik m     toe      <«    nuK     me    m.«m 

■l*faflia*Ba*  irj  |m4s.  m       «?n        Wt       SSP        S       


MfBRftKlar**  or  wool . 


Pkc*.    Valor. 


Total 


Tt,4n 
.TB   ia>U3e    i.m    r»4,mr     <.«*4    tMa.nt 

Aaa  ffaawa  laro  raa  itABK«T  oirania  raa 


Maeafactaraa of  weal. ..„ 
d*  (ouoa.. 

io  aUk 

do  tax 

Miif  lUaajoMiry  toa4a. 


«'^'S"}3  •1:18 


Toul    .. 
idd  •ai'd  for 


ijm 


49i,>1* 
4S.ST« 

i«.n4 


a«a 


1,078 


lae 
>» 

M 
tM 

BU 

l.tt4 


t'n.ito 

811.180 
IS,8M 
5I,44> 

ia,Mi 

t«07,04S 
8l8,8n 


r^ulibmwaaiwiaia'k't.  Xftt 
aaraasosoa  war 

KaaafaOarasor  wool....  4SI 
•to  rottOB . .     tn 

do  (Ilk 54 

*o  tax IM 

ll>«(*Uaaaoas  dry  food*.      11 


(M^ltt      MN     IMI.IM     8.737  |1,0S^MT 


BOOBOM  ROnnM  SARB  rBBlOB 

n«     ti40.*4t     in 
m       aoiaH      m 

iM      nreot       « 

»jm        W         «.»       8T4 
IJM  10  «,1W         »T 


"S 


To'M 
\..M»ql'.lfpfr'"i» 


ntil  il  l.nS 


SKIM 


i.aa 


t8re,87s 
•m.'m 


1,881 
«.88« 


tl*t,iSS 
T1.4« 
88.881 

.BMOB 
10,105 

$408,188 

848,801 


reUtasUtads.tkspartJ^Ml     {*■.•»      1.181  |).1'73.441     S.TU  |1.»I,I00 


no. 

Xo.1. 
No.1....     . 
Ro  8    .   . 

lfa.4 

He.S 

Theauc    JSt '.:;•" 


^o  aaoex  prioaa  of  a  fow  articles  of  dumeatlc  manafactare 
Ca<(«B  *R»  Dae* 

H«i«.i 2 

w*  » 2 

IfklO « 


DraM 


'iSSS.'SAU^' 

faO W 


M 
31 

s 

m 


Uaht  dack— 

BMr(i*o«.lMlB.. 

do  Ix-arydoa.)... 

MoBt.KaTeaaMn. 

do  dOUl. 


Ontario  and  Wnodherry 
D8A  Standard  19^  In. 
do  8  ox.    to 

to  *os.  tt 
do  10  oz.  M 
do  It  oa.  to 
do  IS  OS/  88 
Ontario  Twin,  attn.  It 
do  36Iu.    iO 

SztwirTolbam's"  U 


24 


THE   CHRONIcaLE. 


rr 


[July  3,  1876. 


UBNBBAIi 


PRICES  OURkBNT. 


A4HB8- 

Poi 

BKKJLDST  D  FPS— Scstpaolal  rsport. 
BUILDINO  MATKBIALS- 

Bricka — Commoa  tiftrU.uOM 

Oroton •" 1 

Pbllxlelpbl*. 

Ctnwni— K.iMndftle 

£4iiw— Itoekluiit,  eommOB 

Itooklud,  flnUhlDK 

i.«m»«r— 4ooUi«rj  r'l* 

WBIu  pm*  box  boardL 


6   • 


«X 


Whit* pine mtreban. box  bo»r<Ji.  BOO 

illRsroU* "*«J 

(Mil  ltd  Mh *J" 

Blukwalnut {J *• 

UxmlooK  ho«rdi *  pUnki  ■■•■■!■■    ".  JJ 
JTaUi— :0«iW(l.rom,feQ  *  ih.V  keg   SW 

Clinch,  IX  to  «  In. •longer. 'W 

Mftne '"' 

Outtplkee.alliKM :•••,•, 

Ai<iU<-L.eed.  Willie.  Am,  pure.  In  oil 

Leed.wh.,  Amer.,  pure  dry 

Sine,  wh.,Amer.  ilrjr.  No.  I 

«lnc.»h..  Anier..No.I.ln  oil  ..... 

P»rliwhlt«.BnKll>b. prime  gold... 
UOTTKR-(Wholee«le  Prlcef)— 
Hulf  llrkltn(K»ifn;  Srd«  to  exlr».... 
WeHh  tube.  „",/;.       ' 
H«lfllrklne(We»fn)  ••      " 
Welsh  tabs        " 

New  SUte  feetory.  felr  to  good., 


«ga  •   100 

u  00  •  »  00 
ttoo  •»(» 

•  I  80 
8    1  99 

•  sgw 

•  »oo 

•  3100 

•  woo 

90  00 

"    00 

00 

•  90  00 


110 
1  w 

»30 
1190 


00 


isoc 
loot 


a 

3  50    « 
11    • 

«x« 
lis* 

1  35    • 


8  SO 
•  90 
5  79 
875 

'"in 


U 
190 

S7 
« 
31 
'.II 

12 
10 

690 
I  13  UO 


Wesiern.good  to  prime » 

AmhmoUe  (by  cergo) 5  23 

UrorpoolBMoennel... a  17  tm 

LlTerpoolhoateeennel a  u  w 

^iu^.^mi.  cernoei,  60«»0  d»yt,  gold. 

do  (sir,  o*       K"  ?• 

doiroo'd,  do        nod. 

do  prime,  do       gold. 

j"».m»u»ndb»gi. gold. 

HetlreOeylon K>>  «• 

Msracelbo  go'*- 

k««»L».:i ::|Sid: 


17S» 
18K» 


St.  oomtngo.. 
BeTfWills  .... 
CoiUBlM    .. 


gold. 

....gold. 


30  a 

18   • 


1«V 

v% 

ISH 

19K 

28 

31 K 

23 

20S 

17 

32 

31 


"iJSintSPalllVa:. •ton.  289  .0  *! 

fts:r.?•cS^°'!T.'-^^^^^^^^^^Vo!d.3|o  26-|^jo 

itBllen    2w  W    •440  uu 

alUlU •■     .,       . 

BlISl „ 

Jate • 

im— Baenos  Ayret,  telected.  gold 

Montevideo,  do.... 

Corrlentee,  do.... 

BloOrnnde,  do.... 

Orinoco.  do.... 

C«ll(ornl»,  do....     ' 

Mat»m.  and  Mez,  aa  Ihoy  rnn     " 

Maracalbo,  do.... 

Bahla,  ,^     do....     • 

Dm  Sotted— Maracalbo,  do....     " 

tnilll,  ^o-—      „ 

Pernambneo,  do.... 

BavanllU,  do.... 

Bahla,  do.... 

ir«<Sol««»-Baen.Ay,Beleoted     •• 

Para,  do  ...     '• 

CalKornls,  do.... 

fQxas  do....    onr. 

i. /.«toc*— Calcnttaalaoght...  gold 

Calcutta,  dead  green 

Calcutta  buffalo 

HOPS 


*   Ik 


7X9 

8H 

sSa 

5" 

«H« 

5X 

JOS* 

23 

31  a 

20  a 

20  a 

30K 

3)    « 

21 

30    0 

30K 

IS  a 

:» 

i<  a 

.... 

i«  a 

.... 

....  • 

18 

18  a 

....  a 

18 

..  .  a 

13« 

....  a 

Id 

....  a 

10 

....  a 

8 

10  a 

9  e 

10  K 

i2xa 

15« 

....  a 

12 

loxa 

31  e 

8< 

IS  a 

35 

12  a 

15 

....a 

...  a 

....a 

.... 

2«  OU    a  28  00 

24  00    a  26  00 

22  00    a 

:4iiii 

9100  a 

store  Pr 

H3  00 

icefi. 

30  00  (ai40  to 

Taatlee,  N08.I  to  4 V  n 

Tsallee,  re-reeled 

Taysaain,  Nos,  I  &2 

Canton,  re-reeled  No.  ICotngonn.. 


OOPPRR- 

Boltt -,; 

Sheathing,  new  (oyer  12  o»;  

Brailera'Coyer  16  01.) 

Annrlcao  Ingot,  Lake 

COTTON— see  special  report. 

DHUOS*  DYB8- 

Alum,  lump l";v 

Argoli, crude gold. 

IrgoH.rellned.... 

Iraenlc,  powdered..... •• 

Bicarb,  soda,  Newcaatle 

Blohro.  potash.  Scotch 

Bleaching  powder ' 

Brlrastone.orude.per  ton " 

Brimstone,  Am.  roll »». 


.a 

..a 


33xa 


3xa 
17  a 

!8  a 
3Ka 

i8lh9 

i6Ka 

IN    8 


31 

so 

31 
33 


34 

85(< 

3X 

4  87S 

17 
300 


a  85  00 

sxa  .... 


6 

1  IS 
17 
14 


4  eo 

21 X 
57X 
45 

?" 

5  87X 
1  25 

19 
15 
86 
28 


O»mphor   refined,  city........  ......  34!<a 

Castoroll.B.UInbond,  VgaL.gold.  89   a 

Caustic  soda ••  <  SO   a 

Chlorate  potash "  20X« 

Boohloeal.Honduris "  «2X* 

Ooohlneai,  Mexican "  42Xa 

Oreem  tartar o3V« 

Oubebs,  Kast  India a 

Ootch gold.  _6Va 

Sambler 

(^tnsena.  Western cnr. 

Glycerine,  American  pure '" 

Lrcorlce'paisteiCaiabria..." 36   a 

I,lr.orlie  n1«fe.SICllT    25    a 

Ucorlcepastc.  Spanish, solid.,  .gold  30   a      iiu 

MiMir.  natch "  6)«a         8X 

Madder, Krench tS%        7S 

Hntgiill8,hlne  Aleppo 13    a       14 

OIlTltriiU"*  degrees) IVa         1* 

Oplom, Turkey  ....(  n  bon1), gold.  4  50   a    6m 

Prasslate  potash, yellow.  Am 33Ka       34 

QnlcRsllTer gold.  70  a       75 

diilnlne cnr.  3  38   a    3  3i» 

Uhnbsrb,€hlna,goodtopr....V  B.  50    a    1  90 

Sal  soda.  Newcaatle gold  1  S3Sa    1  55 

Shell  I.«c 60    a       70 

Soda  ash,  ordinary  to  good gold  190    a    2  D6X 

Snxar  of  lead,  white 18    a       18X 

Vitriol,  bine, common 8Xa       .... 

riSH—  Store  Pnca. 


Cropot  1874 

Crop  0(1878   

Crop  of  18?2 

Belgian 

Bavarian 

EttgUah 

Pig,  American,  No.  1 

pig,  American,  ho.  3 

pig,  AmerlcBD,  Forgo 

Pig,  scotch ^jM 

Bar.8wedes,ordlnary8lze8 130  00   a.\i 

Scroll 80  OO    ®rA5  0O 

HOOP.....-- 87  50    @135  0O 

Sheet,  Russia,  as  to  assort gold &      14X 

Sheet, single, double*  treble, com.        4X®        4X 

Ralls,  new,  BngUsh 8°'"'  52  SS    ^  ^A"™ 

do    new.  American car.  48  00   a  50  00 

Ordinary  foreign #  100  lbs,  gojd  6  rjxg 

Domestic **  " 

Bar 

Sheet 

LBATHKK- 
Uemlock.  Buen,  A*re8,h.,m.&l 

"       California,  h.,  m.  &  1 

>*       comm'n  hide,  h.,  m.  &1 

'•       rough 

Slaughter  crop 

Oak.  rouifh 

rezas,  crop 

MOLABSRS— 

Cuba,  clayed v  ■■.iVV 

Cuba,  Mns.,  refining  grades,  50  test. 

do      do    grocery  grades 

Barhadoes 

Demerara 

Porto  Klco. 

N.  O.,  new.  com.  to  fancy...  •  gal. 

NAVAl.  STORKS- 

Tar,  Washington 2  00    a 

Tar,  Wilmington   2  25    a 

Pitch,  cltv a 

SplrlU  turpentine. .. . .. . . . . . . .  J  gall.     -  sax® 

BoBln  com.  to  good  stralE'd  »  bbl.    !  70 

••     No.  1 

"     No.2 

•'     pale ■ 

■*     eztrapale 6  75 

N0T8— 

Filberts,  Sicily 

(10       Barcelona. 

Brazil  nuts 

Walnuts,  Bordeaux, 
do  Naples... 
do        Gren  3ble 

Peanuts.  Tennessee I  40 

rto      Wilmington 1  '0 


SPBLTBK- 

Forelgn 

Domestic •' 


.lOO.n.gold. 
cnr. 


5  00 
5  00 

4  50 

5  Ul 

725 
7  IS 


B  79 
5  50 
5  on 
5  25 

7  87X 
725 


SPICES— 

Pepper,  Batavla gold  IJXa  .... 

do        Slnnapore I7xa  "X 

do        white 25Ha  ■•■. 

Cassia,  Chlaa  Llgnea 22    «  32X 

do       Batavla S2   a  21 

Ginger  African 10»a  II 

do     Calcutta 10    ®  I'JJa 

Mace  1  18   ®  •  19 

Nutmegs,  Batavla  and  Penang 100   a  105 

Pimento,  Jamaica lOXa  lOX 

Cloves 5^   g  ?t^ 

do    stems  a  ^^n 


. gold. 

3  50    a  19  OO 


SPIRITS-  ^        ^  „        „ 

Brandy,  foreign  brand »  gal! 

Hum— Jam.,  4th  proof »  o; 

8t.Crolz,3dproof "     3  45 

Gin ■•     8  00 

DomMrtcKouor*— Cash. 

Alcohol  (SO  per  ct)  C.  *W 

•  Whiskey 

BTKKb— 
English,  caBt,2(l&lst  Quality  #Bgold 
English. sprliiK,2<l  &l8t<]uallty..  " 
BnKll8hbttBter.2d*l8tquallty.. '■  »    »• 

Entrllsh  machinery "  lOX® 

English  German,  2d  A  1st  quality  "         lOxa 

American  blister cur a 

American  cast.  Tool a 

American  cast  spring a 

American  machinery a 

American  dermaE  spring a 


7  00 
3  69 

sr 


3  SO    a    3  83.H 

1  i9xa     .... 

store  Prtctt 
14Vj»  17 
6lia  7 

9    a        14 

11 

ux 

9 
16 
10 
11 


600  a 

8X* 

.... 

iyi® 

■K  a 

28X 

29  a 

27 

m  a 

27 

27  a 

28 

S2  a 

■■15 

38  a 

311 

91   a 

34 

....a 

34  a 

85 

ss  a 

41 

40    « 

45 

35  a 

45 

35  a 

55 

60  a 

74 

Qeorge's  and  Gran  1  Bank  cod 5  00 


11  00 
9  00 
10  00 


Maelcerel,  No.  1,  shore,  new... 

Maokerei,  No.  1,  Ray  new... 

NCaoker«l,No.2,  shore,  new.. 

Mackerel,  No.3,  Bay,  new  .. ,. 
(TLAX— 

North  lilver,  prime 

PRCIT- 

Ralslns,8eeaieat a 

do     Layer 3  35   a 

do     Sultana 1^X9 

lo     Valencia 10   a 

do     Loose  Muscatel 8  40   a 


a  5  50 

a  13  00 

a  9  50 

a  10  90 

a  8  50 


!  80 
2  CO 
5  50 


3  SIX 

2'25 

S2V 

1  75 

5  00 

2  25 

6  50 

7  50 


.«  k     15  a 


5  50 
2  30 


10 
5 
12 

a 

14 


a 

s 

.a 
a 
a 
...a 

7xa 


860 

'H 
24 

8K 
15 

5>< 
IS 
8  00 
36X 
15 
14 

8 


Currants 6   a 

Citron,  Leghorn 33X4 

Pr'ines,  Turkish 7Va 

do        French  *"    * 

Dates 

"Us 

Canton  Ginger Vcase. 

Sardines,*  hi. box cnr. 

Bardlnet.  ♦  nr  box •* 

llaearonl.  U.n1lan 

DomeiUc  Drleit— 
Apples.  Southern,  sliced 

do  "  quarters 

d'>      Slate, sllnoi 

do  do    quarters 

do      Westernju^rters. 

Peaches,  oared  wnstem  

do       do  Oa.  irool  and  prime.... 

do      do    N.  Carolina,  prime.  ... 

do        unpared,  halvesandqrs... 

Blackberrlea 

AAspberrles  zi 

Cherries,  pitted 24 

Phims 18 

GiTNrftRS.— See  report  under  Cotton. 
OUNPDWDKR- 

S-iipnlng  »  25  »  keg a    j*«5 

Mninj  4  Blasting a    3M 

HAT- 
MlPOlnn VIOOIk       66    a        70 


....a 
7xa 
....a 
16  a 
IS  a 
34  a 
7  a 
9  a 
'"  a 

a 


IB 
33 
36 

IX 
8X 

38 

35 

30 


sxa 
...a 

.  .  -a 
sxa 
10  a 

llX® 

lo^a 

"  a 

-     a 

do      Virginia 19^    @ 

Almonds,  I.anguedoc I7X® 

do        Tarragona ISXa 

do       Ivlca nx^ 

do        Shelled Slxa 

do        Princess a 

OAK  CM— navy  to  best  qoaUty, . .  V  k .        7ya 

on.  CAKK- 

Clty.bag gold  40  on   a 

Western »..cur.  45  00    a 

OILS- 

Cotton  seed,  crude    50  a 

Olive,  in  casks  »  gall 1  15    ~ 

Linseed,  casks  and  bbis 

Menhaden,  prime  L.  I.  Sound 

NealBloot 

Whale, bleached  winter 

Whale,  Northern 

Sperm, crude 1  65 

Sperm ,  bleached  winter 200    _ 

Lard  oil.  Winter 1  07X8 

PETROLBnM— 

Crnde,  In  bulk 

Cases 

Refined,  standard  wblte 

Naphtha, City,  bbls 

PK0VIB10H8- 

Pork  new  mess Vbbl 

Pork,  extra  prime " 

Pork,  prime  mess " 

Biief, plain  me.-fe ** 

Beef, extra  mess.... ** 

Reefhatns " 

H\ms. smoked *  » 

Lard,  City,  steam 

RICE— 

CRrnMn8,falr  to  cho'ce 

Louisiana,  fair  to  prime 

Rangoon,  In  bond gold. 

Patna 

SALT- 

Turks  Island 

St.  Martin's 

Livernooi  .vsrloiu  sorts 

SALTPETRE— 

Refined,  pure f>s 

Crude gold 

Nitrate  soda " 

8BKD— 

Clover, ■Western *  «>. 

Timothy V  bush.  3  65 

Hemp. foreign 1  90 

Flaz. rough 

Unseed  ,<;aloutt*«56»gold  (time) 


lis 
1  «5 
1  75 
3  15 

IS 

19 

18 

32X 

SO 

9X 


SUGAR-                           .  ,    _ 

Cuua,lnI.to  com.  refining 7    a 

do   falrtoiiood  refining 7X» 

do    prime,  refilling a 

do   fair  to  good  grocery 8X8 

do   pr.  to  choice  grocery 8X8 

do   centr.hhdB.&  bzs.  Nob.  8al8  8t<a 

Molasses,  bbds  &  bzs 6Ka 

Melado ■• ■• 6    a 

Hav'a.Box.D.S.Nos.  1®9 7   a 

do         do         do    10ai2 8    a 

do         do         do    13ai5 S\» 

do       do       do  i6ai8 9xa 

■40         do         do    \9»iO 10X8 

do         do  white 9Va 

Porto  Rico, refining,  com.  to  prime.        7    a 
do        (grocery,  fair  to  choice..        8xa 

Braill,bags,D.  S.Nos.  9811 7xa 

Java,  do.  D.8.,  Nos.  10ai3 RK® 

Manila       •• 7Xa 

N.  O.,  refined  to  grocery  grades. a 

««(!n«d— Hard,  crushed •»       lixa 

Hard,  powdered 11X8 

do     granulated 8 

do     cut  loaf 11X8 

Soft  white,  A.  standard  centrtf a 

do      do      off  A 10   a 

■WHIte  extra  C  9Xa 

Yellow      do       9X8 

Other  Yellow 8X8 

TALLOW- 

Prlmeclty,  *  » 

Western, WO  

TEA— 

Uyson,  Common  to  fair cnr. 

do     Superior  to  fine 

do     Extra  fine  to  finest ••. 

do     Chlolcest 

Young  Hyson, Com.  to  fair 

do         Snper.tu  fine 

do      Ex. fineto  finest 

do      Choicest 

Bunpowder,  com  to  fair 

do  Sup.  to  fine 

do    Ex.  fine  to  finest 

do    Choicest 1 

Imperial, Cotn  to  ftlr 

tio        Sun.  to  fine 

rto        Kxtrafinetnflnest 

Hyson  Skin.  &  Twan..  com.  to  fair. 

do  do      Sup. to  fine 

rto  do       Ux  fine  to  finest 

Uncolored  Japan, Com.  to  lalr 

do  Sup'rtotine 

do         Ex.  fine  to  finest 

Oolong,  Common  to  talr,*«, 

do     Superior  to  fine 

do     Kx  fineto  finest 

do     Choicest 


.8 

..a 


64  a 
35  la 
75  a 
19  a 

65  a 


17 
12 


5S 
1  18 

66 

38 
130 

77 


6 

nx 
'i'i 


Bone. *  Cong..  Com.  to  fair 27 


do 
do 


Sup'rto  fine.. 
Bz.  fine  to  finest.. 


TIN- 

Banca 

Straits 

English 

Plates,!.  C.charcoal... 
Plates.char.  terne 


gold. 


....    -» 
18X? 

8  25   a 

7  so  a 


7X 
8K 
8X 
8X 
8X 

% 
6X 
7X 
8X 
9X 

10 

10X 

10V 
8H 
8X 

7X 

iik 

iix 

inv 

12 

lOX 

mx 
»x 

9X 

9X 


85 
30 
SO 
75 

1  10 
SP 
50 
7S 

1  20 
3h 
48 
72 
2« 
39 

nal. 
42 
54 
77 
M 
92 
70 
97 
84 
52 
85 


23 

18X 


8  37X 
3  OO 


.  20  70 
16  IK) 
19  00 
800 
10  no 
13  00 


«  20  80 
a  16  50 
a  19  50 

a    9  50 

a  10  7.1 

9  CO 


14X4 

a 


3  65 
7 


25 


7'I^S 


..«  sack.    1  59 


15 
13 

8X 

so'o*^ 

7X 
J6 


TOBACCO-, 

Kentucky  lues,  heavy... 

••  leaf.     "      

Seed  leaf— Connecticut  wrappers "78 

••  Conn.  &  Mass.  fillers.  *78. 

Pennsylvania  wrappers.  "72. 


11 X® 
13Xa 


7 
18 


Havana,  com.  to  fine 87X8 

Manufac'd,  In  bond,  black  work 13   8 

""  ..            "    bright  work 25   a 

^AmCTTcanXX »»  51    a 

American,  Nos.  I  A  3 SO   a 

American, Combing 54    a 

Extra, Pulled 45    a 

No.  I,  Pulled 30    a 

California.  Spring  Clip- 
Superior,  unwashed 38   a 

Medlnm 27    8 

Coarse 2J   a 

Bnrry  »    a 

South  Am.  Merino  unwashed 29   a 

Cape  Good  Hope,  unwashed .'!2 


5X8 
2X2 


11S4* 


12X 


IIX 
375 


1  M 
1  8S 


Texas,  fine. 

Texas,  medlnm " 

Smyrna. unwashed  gold- 


30 
SO 

17 


isx 
28 
55 
8 

40 

1  35 

80 

60 

53 
55 
63 
SO 
35 

34 
SO 
38 
26 
33 
S6 
S5 
rs 
30 


ZINC— 

Sheet 

FRBIGHTB- 

TO  LIVIBPOOL : 

Cotton ^ft. 

Flonr *  bbl. 

Heavy  goods.  .*  ton. 

Oil 

Com.blk  &  bgs. » Im. 
wurat, biJk  H  hags.. 

Beef *  tee. 

rork •bbl. 


..V  o, gold, net 

. —  STWAM. — . 

».  d.    ».  rt. 
5-IC<»    9-82 

3  6  a.-.. 

37  6    843  0 

45  0  a...> 

7X8.... 


8X9        8X 


66 
46 


a70 
a  s  0 


3  6 

32  6 

85  (< 

7 

S  6 
40 


».  (t 
9-32 


300 


AND 


mmt 


HUNT'S    MERCHANTS'    MAGAZINE. 

REPRESENTING  THE   INDUSTRIAL   AND  CXJMMEIJCIAL  INTERESlt    JF  THB  nNITKD  STATEa 


VOL.   21. 


SATURDAY.  JULY  10,  1875. 


NO.  524. 


CONTCNTt. 


WoA  of  Ika  BadMifliM  Bb 
tall*  FlmTwr 


THS  oBsonou. 


2915 


UlttaniaMUrT  ••4  OoaMardaJ 


CMmc*  U  Bm  Tnatttn  Mlai 

TAB  BAMUar  OAZnTB. 
MoMT  MxfeM.  U.  a.  •M«rttl«i[. 
KiaSw»f  atiA*.  <M4  lbrk«t, 
-     ' MawTafk 


JQSiMSSkitaka.  fftrlnSl 


|UM«aiw>Mor9*3<kaui4BaMl*       • 


TBS  OOMlUltl.t*I.  TOUl. 

«l  I  nrrOoate.... 

«•!  PrkwOin«M.. 


Tkb  CointawnAL  and  riXAKOiAi.  Cbbobicui  <«  imud  m» 


rmuuMor 

Tbs  ConsaniL  AaafDiAMUL 


^_  laMHU.  Ml*«rt  ky  mrIot  M  in* 

•tkMrtka%M4MU««MaBMtan: 

rarOMTMrOadMBaipaMM*)..... m.4I*  |) 

nrBlxllMaiA. «  Ii 


._ ,^ ^*— 4;Mimm  m4am  —jtfwIwBwww »».lwnl— .  > 

">— »* II«m4«.    H«  »»iwiw«r>— U«— »  p»tM»U  ■  l«  tW  ft 

>laBukb«  ••4ftaaMlii  wtana « c«sli »« Im,  «Mk  lantttML 

fMH«,OM  Wnm4 


u  m  N«.i  al. 

''(laeladlac 


tS  aa4  tt  WiUlMi  Bi) 


WMt  MEW  fl 
PovT  Omca  Boi  4 


I    »>. 


xBw  roix. 


A  MM  Al»«'i*w  U  frilrtil  M  M  oato;  BMlM 
«■  wn  iim  mm  tttmut 


Vr  TW  ^tUm  Dapwtami  af  Ik*  raanmeui  !•   r>rnMaU4  amemm 
riMactai  iMumUM  ta  Ttmm  Yort  City  by  Mr.  Prwl.  W,  Joom. 

won  ir  ni  IIBKIPTIIX  ICIEU  IX  its  PIUT  TEtB. 
One  of  Um  most  intoretting  nUtemeBU  which  have 
b««o  pabUsbed  by  the  Treaaaiy  daring  the  week  ia  that 
of  the  Baremo  for  the  redanjttion  of  hank  note*.  The 
law  of  20th  Jone,  1874,  eaaoted  that  the  Treaauty  of 
the  United  StAtee  iihonld  aaBame  the  doty  of  redeeming 
all  Botea  of  the  Xatiooal  banka  on  presoribad  oonditiona. 
The  aaooot  of  the  eiroalation  thus  radeonable  in  ahont 
350  million*,  and  the  total  redeemed  haa  bean  $130,322,- 
•45,  or  nearly  two-fiftha.  Of  thia  raat  aggregate  of 
hank  note*  redeemed  daring  the  year  the  greater  part 
ware  mutilated  or  bad  otherwi«4>  beoona  nnfit  for  circw- 
latkm.    The  ram  deatroyad  for  theaa  fvaaons  waa  $115,- 

109,445.    Of  the  entire  aaai  of  130  mOlkma  redeemed 


only  #15,213,500  were  notes  6t  for  circulation.  In  place 
of  the  remaining  1 15  millions  new  notes  were  printed  at 
the  coat  of  the  Government,  and  were  sent  in  doe  course 
to  the  banks  to  vbioh  they  belonged.  Such  are  the 
facta  as  far  as  they  baTe  at  present  been  published.  They 
throw  light  on  several  points  of  immediate  interest. 

First,  they  help  to  indicate  to  us  some  of  the  canses  of 
the  recent  d»cline  ot  gold.  They  show  that  the  efficient 
power  of  the  bank  currency  for  inflation  has  been 
diminished  instead  of  increased,  as  the  gold  speculators 
aasamed,  by  the  law  above  mentioned.  This  fact,  with 
othcra,  has  paralyaed  for  tbo  moment  the  bull  movement 
in  Wall  Street,  and  haa  precipitated  the  ruin  of  some  of 
the  gamblers  in  gold. 

Secondly,  theaa  igares  confirm  the  prediction  of  the 
Controller  that  tka  redemption  of  mutilated  bank 
Botea  wonld  oootiBaa  in  Urge  amounts  until  the  whole 
Tolnroe  of  the  nola  cireiilation  was  ma<le  fit  for  use.  It 
will  be  interesting  M  compare  the  rapidity  of  the  de- 
atmotion  of  the  bank  notes  with  that  of  th^greeabaoka. 
The  data  for  sooh  a  comparison,  cannot,  however,  be 
said  to  exist  at  proaeat,  for  the  greenbacks  have  been 
regularly  renovatad,  while  the  renovaUon  of  the  bank 
nota  baa  been  ito  maab  negleotad  that  the  condition  of 
(be  oirealatioii  luul  kmg  been  eonplaiued  of.  and  further 
waaas  of  renewal  war*  ahsolateiy  imperative.  This  was 
one  of  the  minor  raasons  why  the  law  of  June,  1874,  was 
paased  for  the  redamption  of  the  bank  notes  at  the 
Treaaary  of  the  United  Sutes. 

The  question  baa  been  mooted  whether  this  active 
movement  of  iada»|Hion  will  not  be  arrested  as  soon  as 
the  mntilated  notaa  have  all  disappeared  and  the  fitness 
of  the  notes  for  dronlation  is  perfected.  Many  persons, 
among  them  the  Comptmller,  answer  this  question  in 
the  affirmative,  and  they  may  perhaps  be  right.  Wo 
hayBHIflmitive  evidence  on  the  subject,  and  the  con- 
flicting opinions  rest  simply  on  conjecture.  One  thing 
is  certain,  that  the  purpose  mentioned  was  one  of  the 
minor  and  subordinate  objaeta  of  the  law  enforcing 
redemption,  and  that  if  the  higher  purposes  of  the  stat- 
Ota  are  not  reached  the  act  must  he  supplemented  by 
fnrthar  legislation.  Among  thes«>  paramount  objects  for 
which  the  law  waa  enacted  two  or  three  are  the  most 
oonspienons.  There  is,  for  exam]ile,  the  elasticity  of  the 
circulation.  Our  financial  system  offers  us  no  moans  of 
giving  this  neocsMuy  quality  to  the  currency  cTcrpt  by 
means  of  the  redemption  bnrean.  This  ha.s  often  been  de- 
monstrated. Several  notorious  facts  sufficiently  establish 
it.  Every  one  knows  that  the  trade  of  the  country  requires 
currency  to  the  amount  of  fifty  millions  at  certain 
seasons  more  than  arc  required  at  others.    Now  every 


26 


THE  CHRONICLE. 


[July  10,1876. 


good  ByBtem  of  currency  should  make  provision  for  this 
disparity  of    requirement.       Secondly,    this    provision 
Bhould  be  automatic  or  self-acting,  otherwise  the  money 
market  will  be  liable  to  continual  jerks  and  spasms,  at 
times  when   tran(|uility  is  one  of  the  most  important 
conditions  and  cannot  he  sacrificed  without  grave  mis- 
chief.    Thirdly,  the  volume  of  our  greenback  circulation 
ia  rigidly  fixed,  and  admits  of  no  expansion  when  business 
is  brisk  ajid  no  contraction  between  seasons  when  business 
is  dull.     Hence  this  necessary  contraction  and  expansion 
must  be  effected  in  the  other  branch  of  the  currency 
system— namely,  the  bank  notes.     But  no  means  were 
provided  for  this  purpose  in  our  bank  laws  until  the  act 
of   1874   was   passed.     The  redemption   clause  of   this 
measure  was  the  result  of  many  years'  agitation.     It  is 
expected  to  impart  the  needed  elasticity  to  the  cun-ency 
in  two  ways.     P'ii-st,  it  will  allow  the  bank   notes  to 
circulate  freely  at  their  full  maximum  when  business  is 
brisk;  but   the   moment   trade  becomes  dull  and  unable 
to  employ  so  much  currency,  the  bank  notes  accumulate 
in  the  financial  centres,  and  this  idle  currency  is  forth- 
with  sent    to   Washington,   where    it    is    immediately 
returned   to  the  issuing  banks.    We  have   frequently 
expressed  our  confidence  in  the  power  of  the  machinery 
created  by  the  law  of  1874,  for  the  purpose  of  conferring 
elasticity  on  the  currency.     This  confidence  seems  to  be 
pretty  general  among  financial  men.     If  it  should  prove 
to  be    unmerited,   the    needful    amendments    to    give 
efficiency  to  the  redemption  machinery  will  certainly  be 
passed ;  for  it  is  of  the  highest  importance  that  the  cur- 
rency of  this  country  should  be  made  elastic  and  respon- 
sive to  the  wants  of  business. 

Another  irapoi'tant  question  which  has  been  agitated  in 
regard  to  the  Redemption  Jiureau  is  answered  by  the 
figures  above  given.  It  refers  to  the  much-disputed 
contraction  which  the  finance  bills  of  last  session  were 
expected  by  some  persons  to  produce.  Many  calcula- 
tions were  made  as  to  this  matter;  but  few,  if  any,  of 
these  estimates  made  any  adequate  allowance  for  the 
locking  up  of  so  large  a  sum  of  bank  notes  in  the  re- 
demption process.  The  delay  incident  to  the  reissue 
of  115  millions  of  new  bank  notes  could  not  fail  to 
have  been  much  enhanced  by  the  mechanical  labor  of 
signing  and  putting  into  circulation  such  a  prodigious 
mass  of  currency.  The  average  efl^ect  of  this  delay  in 
the  reissue  of  new  notes  has  been  computed  to  be  equal 
to  the  permanent  locking  up  during  the  whole  year  of 
15  millions  of  bank  notes  or  more.  As  the  finance  bills 
of  last  year  have  caused  contraction  of  the  currency  in 
other  ways  to  the  extent  of  an  equal  sum,  the  whole 
•  influence  of  this  legislation  has  been  set  down  as  equiv- 
alent to  a  temporary  contraction  of  30  millions.  We  do 
not  fully  indorse  these  estimates,  as  they  require  con- 
firmation. But  the  Controller  of  the  Currency  may  be 
able  to  obtain  some  information  on  this  subject,  which 
will  be  of  general  interest. 

It  may  also  be  well  to  have  acomplete  statement  made 
up  of  the  changes  in  the  denominations  of  the  new 
bank  notes.  The  Treasury  Department  allows  every  bank 
the  privilege  of  choosing  whether  it  will  receive  its  new 
notes  in  small  denominations  or  in  large.  Hence  it  is 
probable  that  the  notes  issued  in  place  of  the  115  millions 
destroyed  last  year  are  by  no  means  of  the  same  denom- 
inations as  those  they  replace.  It  is  well  known  that  the 
inflating  power  of  the  bank-note  circulation  depends  very 
much  on  its  proportions  of  small  notes.  Hence  the  im- 
portance of  the  statement  to  which  we  have  referred.  The 
Treasury  will,  it  is  hoped,  be  able  to  give  the  facts  to  the 
public  at  an  early  day.   It  is  interesting  to  know  that  the 


desti-uction  of  mutilated  bank-notes  during  the  past  year 
has  been  five  times  as  much  as  the  usual  average.  Prior 
to  1868  there  was  very  little  mutilated  currency  destroyed. 
In  the  year  ending  31st  October,  1869,  the  a;mount  was 
18,603,729,  in  1870  $14,305,689,  in  1871  $24,344,047, 
in  1872  $30,211,720,  in  1873  $36,433,171,  and  in  1874  $31,- 
349,253.  As  to  the  expenses  whi(5h  this  service  imposed 
on  the  National  Treasury  in  the  several  years  we  are  not 
informed. 


RAILBOAO  DISASTERS  AND  RAILROAD  BRAKES. 

The  excitement  caused  by  the  fatal  railroad  accident 
at  Far  Rockaway,  on  Monday,  has  attracted  public 
attention  to  a  defect  in  our  railroad  system  which  must 
be  corrected  without  delay.  We  refer  to  the  notoriously 
imperfect  brakes  used  on  some  roads  for  stopping  the 
trains  in  case  of  danger.  Henry  Ashmead,  the  engineer 
of  the  belated  train,  testified  before  the  coroner,  on 
Thursday,  that  he  jumped  off  his  engine  about  a  hun- 
dred yards  from  the  other  train,  having  first  whistled 
the  alarm  three  times  to  the  brakesman,  and  having  also 
reversed  his  engine.  On  his  own  statement,  Ashmead 
and  his  engine  must  have  travelled  several  hundred  yards 
after  the  opposing  train  came  in  sight.  The  question  is, 
whether  within  this  distance  the  engineers,  if  they  had 
done  their  duty  and  had  been  furnished  with  the  most 
powerful  brakes,  could  have  prevented  the  collision ;  or, 
if  not,  whether  the  loss  of  life  might  have  probably  been 
prevented. 

A  similar  question  has  for  some  time  past  been  agi- 
tated in  England,  and  a  Royal  Commission  has  lately 
been  making  experiments  with  eight  of  the  best  brakes 
now  known.  Some  of  the  results  are  published  in  the 
Loqdon  Railway  News.  Among  them  are  several  statis- 
tical tables  compiled  by  the  Commissioners,  which  are 
very  suggestive.  First  of  all  the  Commissioners  give  a 
table  showing  the  effect  of  friction  itself  on  railroad 
trains.  From  these,  it  appears  that  a  train  of  cars  after 
being  let  loose  at  a  speed  of  forty-two  miles  an  hour, 
will  run  15,000  feet  and  will  stop  in  about  nine  minutes. 
Subjoined  is  the  table: 

rRICTION  TBIILH  (ENeiNE9  ONLr). 


Hun  after 

siea»i 
turned  off. 

Fret. 

6,471 

6  478 

7,172 


Slopped 

In 
m.  9. 

4  4S'5 

5  04 
4  26 


Speed. 
Weight        Milen 
Eitgine and  tender  alone.  into/is.  per  liour. 

London  <fc  North  Western 58  34 

NorthSastern 66  88)^ 

Great  Northern 62  42 

TOICTION  TKIAIB  (TRAINS  OHLT). 

TYain  ran 

Speed,     after  being  Stopped 

Weight      MileB    shunted  loose.  in 

intone,  per  hour        Feet.  m.  ». 

London  &  North  Western     184           42              15,054  9  38 

GreatNorthern    195           42              15,339  9  04 

Caledonian 135           30                6,490  5  08 

London,  Brighton  &  8.  C 139          K)i            ^eOS  8  32 

Lancashire  &  Yorkshire 136           35              11,000  8  07 

The  next  experiment  tabulated  by  the  Commissioners 
is  that  of  hand-brakes.  These  appliances,  attached  to 
the  tenders  and  cars,  were  formerly  the  only  brakes 
known.  By  them  a  train  of  184  tons,  at  47  miles  an 
hour,  was  stopped  in  about  a  minute,  and  ran  2,389  feet, 
or  twice  the  distance  at  which  the  Rockaway  trains  first 
sighted  each  other.  The  report  of  the  Commissioners, 
after  five  experiments  with  the  hand-brakes,  showed  the 
following  results  : 

TENDER  BRAKES  AND  CAB  BRAKES  WOBKBD  BT  HAND. 

Train  ran 
Speed. 
Weight       Milet 
company.  intone,   per  hour. 

London  *  North  Western 184  47 

TAledonian 135  4T 

London,  Brighton  &  South  Coast 139  49 

Qreat  Northern 195  47X 

Midland  ....■.',.;., "7  47 


after  brake 

Stopped 

applied. 

In 

Feet. 

seconds. 

2,889 

62S 

3,005 

89 

3,TM 

95 

3,591 

8« 

3,265 

82 

July  10,  U75] 


THE  CmtOXICLE. 


27 


Thirdly,  the  improveJ  brakes  were  tried  in  two  dif- 
ferent w»y«.  First,  as  applied  by  the  conductors  on 
flag  or  cord   signal;  and,  secondly,  as  applied   by   the 


engineer 


CAB    saAKV,    AXD   ooanaiiort 

UOABOS  oa   FLAU  OS  OOkB  UaXAI. 


f »»»«     AITUIO     >T 


»««.      <|Airtra*« 


*-«*<.  lalMai  ftrkfmr 

CWk*  *  W«M>'*-Uirf«  *  X.  W IN  W 

8IMl*%  Ait  Bnk»-OiMoalMi !»  49 

Wiilli^tiMi  Y«cw-L.B.*g.C  ...  lli  W< 

r»f'«BWlw    lMil*lil*TiirkiMr»....  H»  *^H 

■■Bfc'iY—— ■»>■    niilWttttw.  IM  M 

Ctafkar»-IIUIud MB  M 

Butar>-IIUka4 l«r  SO 

*u.  BSAKi  povsa  niT  aAits. 

SiMViAlr  Ink*— CkMdoaUa 1»  « 

WMU^koaM  VMsaa-U  a  *  8.  c  ...  m  U 

ray* Hwlw    li»fM>lr» *  Torkihtra .. .  I«  « 

»<MU'»T— ■    OiMllfatttara  US  W 

lAN.W IM  41 


MT  M 

4U.  ■>«>■  rovm,  DCurMiM  aAJiBi, 

IMMfe'f  Air  Bnk*-0*i«da«lu IS  M 

W»rt«gteMt  Vw—    U  B.  «  8.  C  ...  W  M 

rV«IMto-Ua(Mklf«  ATorlBblr* ...  W  « 


1*« 

at 

*.!» 

« 

MM 

«s 

1^« 

ti 

IJM 

M 

l.0« 

a-5 

uaw 

ts 

IJOi 

as  s 

tm 

» 

ins 

» 

i.i«^ 

ti.i 

ii« 

so 

um 

as 

ns 

a>-ii 

MM 

11 

>,»• 

n 

i.m 

a 

%jm 

at 

Mi 

at 

ta 

tt 

MS 

u 

Ovtw-i  CMto-LMKoa  *  a.  W 

MMt*'*  air  Bnka-Cil*4aataa 

Tacn»-I.B.*«.0  . 

Ctato'a 


Wl 

tt 

1.M 

at 

lat 

ts 

VIS 

tt 

laa 

ti 

Wn 

It 

ut 

«N 

ijia 

ti 

us 

Si 

i.tis 

n 

Its 

tt 

i.ass 

at 

lai 

tt 

IJIS 

St- 

Siriia-a  V«. ■■■    Oi Ml  natfUn  ... 

AjmUmt  aspwimail  ww  Um  appliottion  of  the  ooo- 
tiaooM  bnk*  by  the  rear  guard  or  hrahemaa  without 
aignal  to  the  eogiMer.  The  reaalu  of  this  trial  were  as 
follows: 

aa*xa  ST  ■>«■  •VABS  viraocr  wn  «o 


W00»4     0tr 


IS 

ti 

its 

IN 

ti 

Ul 

tIM 

lat 

«7 

m 

«t 

V1tr*r«t«  mm'* 


U 


ralM. 


l.tM  11 

tjm  n 

iTiif  giiwititaa m       «t  i.tat 

Several  mfaeeHaneoaa  ezperimenU  are  tabulated.    The 

moat  important  is  the  following,  in  which  the  hinder 

oars  of  the  train  were  nnoonpled  at  travelling  speed  to 

•how  how  niaeh  foroe  eaa  be  exerted  by  the  antomatio 

action  of  the  continnoos  brake  to  stop  the  nnoonpled 

cara.    This  was  done  in  one  instaaoe  in  10^  seoonds, 

the  cars  having    run    no  more    tlMa    M9   feet    after 

being   unconpied.     Another  train  fire  tons  lighter  in 

Wright  running  at  eight  miles  slower  speed  was  not  so 

soon  Mopped  after  nocoaplinK.    A  third  trial  was  still 

!<■>  Mioeeasfal,  aa  will  be  seen  from  the  subjoined  table 

*■*<>  »*SSB»  AT  VBATSuja*  arsso  »j  na^m  or  •ur^nevuBo. 

MtfUrtmn 


U 


rttakt 

In  Inn*. 

US 

Its 

i«         at  SIS  isw 

This  statement  is  one  of  the  most  interesting  and  prao- 
ticallv  =-'-- ^ant  that  baa  ever  been  prepared  on  this 
bnui'  road  management.  The  result  of  the  wh»le 

bveetigaiiun  will  not  be  known  nntil  the  official  report 
i«  oompletcd.     From  the  figures  so  far  as  published, 
however,  several  pobta  seem  to  be  pretty  well  oi«Ub 
tiabed.    First,  the  oae  of  the  hand  brake  is  demonotrated 


to  be  frightfully  unsafe.  Its  utmost  power  will  not 
arrest  a  train  going  at  a  speed  of  forty-seven  miles  an^ 
hour  until  it  has  run  800  yards  or  more.  Although  our  ■ 
trains  seldom  reach  this  high  speed,  the  most  f.ital  acci- 
dentd  are  liable  to  occur  if  this  old  brake  be  relied  upon, 
especially  where  we  have  single  tracks,  frequent  trains 
and  careless  engineers. 

Secondly,  the  performances  of  the  eight  com|)eting 
brakes  tested  by  the  English  Commissioners  show  that  a 
good  beginning  has  been  made  by  American  and  English 
inventors  in  the  work  of  providing  an  effic'ont  l)rake 
to  render  railroad  travel  safe.  A  train  which  could  not 
l)e  stopped  by  the  old  brakes  nnder  800  or  1,000  yards 
can  now  be  brought  to  a  standstill  at  from  2U0  to  500 
yards,  and  in  15  to  32  seconds. 

Thirdly,  the  danger  from  collisions  is  also  diminished 
by  the  rapid  rate  at  which  a  train  can  be  "  slowed ;"  so 
that  even  where  a  collision  is  inevitable  the  effects  are 
much  less  dangerous.'  The  Commissioners  do  not  tell 
us  their  investigations  as  to  the  precise  force  of  the 
a«lditional  safeguards  which  are  offered  by  the  expedient 
of  reversing  the  engine.  We  are,  therefore,  unable,  in 
the  absence  of  these  figures,  to  state  exactly  the  sniallest 
interval  in  which  a  train  can  be  stopped  if  this  and  all 
the  other  expeilienta  and  modem  improvements  be  put 
in  force. 

We  do  not  wish  to  assume  the  task  of  judging  the 
relative  merits  of  the  various  brakes  whoso  rival  per- 
fonnanoes  are  chronioled  above.  It  is  gratifying  to  And 
that  the  two  Ameriean  brakes  acquitted  themselves  so 
well  It  is  well  known  that  these  brakes — the  Westing- 
house  &.  Smith's — have  often  exhibitetl  immense  force  in 
bringing  a  train  moiriag  at  a  high  velocity  to  a  stand- 
still in  the  shortest  possible  time  after  turning  off  the 
statHO.  They  alao  comply  with  the  indispensable  rules 
that  every  known  means  to  stop  a  train  should  W  pri- 
marily under  the  oontrol  of  the  engineer,  that  every  auxil- 
iary should  be  adopted  to  plaoe  the  brakap  within  the 
reaioh  of  the  conductor  and  passengers,  and  that  the  brakes 
ahoold  be  "oontinaous"  or  applicable  to  every  wheel 
throaghont  the  entire  length  of  the  train.  These  condi- 
tions our  American  brakes  fulfil,  as  also  the  fundamental 
re<|aisito  that  the  mechanical  arrangemenu  should  )m< 
simple  and  as  free  as  poMiible  from  liability  to  derange- 
ment from  any  oanaa  except  time  and  reasonable  wear. 
High  claims  are,  however,  put  in  for  the  English  brakes 
in  all  these  respects,  as  well  aa  in  others  which  we  can 
not  now  examine.  The  re|>ort  of  the  Royal  Commission 
will,  it  is  hoped,  be  published  eariier  than  usually  happens 
to  such  docnmeota.  It  will  be  looked  for  with  great 
interest  by  a  Urge  class  of  persons  here  and  in  Europe 
who  Qsnally  have  little  taste  for  ofllcial  reports  of  any 
kind  and  especially  for  blue  books  about  railroads. 

IrwWlR  be  premature  for  any  one  at  present  to  take 
the  responsibility  of  apportioning  the  precise  amount  of 
bUme  which  attaohfis  to  the  parties  implicated  in  the 
Rodcaway  disaatar.  Our  chief  purpose  is  to  show  that  a 
train  of  cars  travelling  at  high  speed  can  Iks  brought  to 
a  stand-still  in  a  few  seconds,  and  to  urge  upon  our  rail- 
road companies  that  they  are  Iwund  to  improve  existing 
safeguards  and  to  nae  the  best  means  to  prevent  accidents 
and  to  render  railroad  travelling  as  safe  in  this  country 
as  it  is  anywhere  else  in  the  world. 


Til  TKIDE  II  PIOTISieRS. 
The  CiiBONUxa  has  recently  noticed,  in  its  Commercial 
Epitome,  a  revival  of  speoalation  in  pork  and  lard,  with 
some  recovery  of  prices,  and  a  general   improvement  in 


28 


THB  CHRONICLE 


[July  10,  1875. 


tone  in  the  market  for  such  products.  This  may  have 
appeared  a  little  inconsistent  with  the  statement  that 
general  apathy  and  want  of  confidence  pervaded  business 
circles;  but  it  was  not.  A  quickly  flowing  eddy  is  very 
common  in  even  a  sluggish  stre.ini.  In  the  most  precipi- 
tous advance  or  decline  which  prices  may  experience, 
there  are  frequent  reactions  against  the  prevailing  ten- 
dency. The  revival  of  speculation  in  pork  and  lard,  and 
the  higher  prices  obtained,  were  testimony  to  the  power- 
ful effect  that  had  been  caused  by  the  depressing  in- 
fluences" described,— the  apathy  and  want  of  confidence 
that  penaded  mercantile  circles.  Pork  had  declined 
from  the  highest  point  abont  four  dollars  per  barrel,  and 
lard  more  than  three  cents  per  pound  or  nine  dollars  per 
tierce.  When  the  depression  in  the  market  became 
fully  developed,  buyers  of  all  grades,  whether  for 
export  or  home  consumption,  very  naturally  with- 
drew. They  were  not  willing  to  operate  in 
a  falling  market.  But  this  same  withhohing  from 
buying  when  prices  were  falling,  contributed  greatly  to 
the  reaction  when  prices  appeared  to  have  "  touched 
bottom."  Shippei-8  came  into  the  market  with  large 
orders,  which  had  been  held  in  abeyance,  and  the  local 
trade  were  in  need  of  supplies.  The  increase  in  the 
legitimate  demand,  which  was  stimulated  by  the  cheaper 
goods,  not  only  strengthened  the  views  of  holders,  but 
caused  some  buying  to  cover  contracts  that  were  put 
out  at  higher  prices.  All  these  influences  promoting  an 
advance  caused  a  rise  of  only  about  one  dollar  a  barrel 
in  pork,  less  than  one  cent  a  pound  in  lard,  and  about 
one-half  a  cent  a  pound  in  other  "  hog  products."  With 
a  better  and  more  confident  tone  in  commercial  circles, 
the  improvement  must  have  been  much  greater,  and  the 
recent  decline  reveals  the  temporary  nature  of  the  im- 
provement. 

But  any  advance  now  is  at  an  unfortunate  time.  With 
a  small  current  production  and  rapidly  diminishing 
stocks,  it  contributes  to  the  danger  that  the  next  packing 
season,  beginning  November  1st,  will  open  at  high  and 
unsafe  prices.  There  can  be  scarcely  a  doubt  that  the 
high  figures  which  have  been  ruling  for  more 
than  a  year  past,  must  soon  lead  to  an  important 
increase  in  the  crop;  but  it  remains  to  be  seen 
whether  the  demand  has  not  become  so  large  and 
steady  as  to  absorb  the  greater  supply  so 
rapidly  as  to  leave  no  opportunity  for  forcing 
down  prices.  The  stocks  of  beef  and  beef  haras  h.ave 
become  greatly  reduced,  but  of  the  former,  current  pro- 
duction very  nearly  supplies  the  regular  trade.  Prices 
of  dairy  products  are  the  lowest  in  many  years,  with 
little  reason  for  expecting  an  early  recovery.  Houses  in 
the  butter  trade  experienced  severe  losses  during  last 
Winter  and  Spring,  in  the  effort  to  prevent  the  decline 
that  has  taken  place,  and  are  of  course  little  inclined  to 
repeat  their  experience.  The  article  is,  consequently, 
without  that  support  which  it  has  heretofore  received. 
Notwithstanding  the  lateness  of  the  season,  the  receipts 
of  batter  at  this  market  in  June  were  larger  than  in  any 
preceding  June,  except  that  of  1874,  and  were  40  per 
cent,  greater  than  in  June,  18'72.  It  remains  to  be  seen 
to  what  extent  the  relatively  low  prices  will  reduce  pro- 
duction or  increase  consumption  and  export.  The  move- 
ment in  cheese  is  something  remarkable.  The  business 
of  the  past  month  at  this  market  was  more  than  double 
that  of  June,  1872  !  and  yet  appears  no  more  excessive 
now  than  then.  The  prices  are  comparatively  low,  but 
no  donbt  fairly  remunerative  as  the  times  go.  There  is 
no  branch  of  industry  that  makes  the  satisfactory  returns 
of  recent  years,  and  manufacturers  and  dealers  in  cheese 


cannot  expect  an  exception  in  their  favor,  unless  through 
the  operation  of  the  most  fortuitous  circumstances. 

Such  is  the  situation  with  reference  to  the  leading  ar- 
ticles of  "  provisions."  Beef,  butter  and  cheese,  the 
products  of  neat  cattle,  are  in  but  moderate  stock,  yet 
arc  relatively  low, — the  business  going  forward  briskly 
on  current  supplies,  undisturbed  by  speculation.  Pork 
and  lard  are  in  large  stock,  prices  ruled  largely  by 
speculative  influences;  other  hog  products  are  com- 
paratively high,  with  many  contingencies  entering  into 
the  future  of  values,  but  there  was  never  less  encourage- 
ment to  assume  the  office  of  prophet. 


COINAGE  AT  SAN  FRANCISCO  MINT. 

The  San  Francisco  papers  give  the  following  statement  of  the 

operations 

of  the  San  Francisco  Mint  for  the  fiscal  year 

ending 

Juse  SO: 

. Gold  Coin. . — , 

, Silver  Coi 

n. , 

Grand 

Fiscal  year 

Double  Eagles  &      Total 

Trade      Half 

Total 

total  gold 

of  1874-75. 

eagles,  half  eagles},    gold. 

dollars,  dollars. 

silver. 

&  silver. 

$              $ 

$ 

$              * 

« 

« 

July 

2,080,000    85,000 

2,145,000 

158.000      6,000 

161,000 

2,309.000 

Aagttst 

4,120,000        .   .. 

4,120,000 

191,000      9,0U0 

200,MOO 

4,320,000 

September. 

2,260,000 

2,260,000 

2n,000    3i),0J0 

310  000 

2,570.000 

Octcber 

2,975,000        .... 

2,975,000 

229,000 

2i9.010 

3,204,000 

November.. 

96,000 

96,000 

96.000 

December... 

3,900,000       .... 

3,900,000 

187,000        .... 

187.000 

4,087,000 

January...  . 

.  1,660,000 

1,660,000 

695,000 

69:j,0U0 

2,355,000 

February . . . 

1,500,000 

1,500,000 

109.000    72,000 

181,(iCiO 

1,651.000 

March 

2,180.000'    20,000 

2,200,000 

30.000  312.00) 

342.000 

2.542.000 

April 

2,560,000       .... 

2,560,000 

652.000  245,01)0 

898,000 

3,458,000 

May 

2,140.000 

2,140.0fl0 

535,000  119,000 

C5«,0O0 

2,794.030 

June 

645,000    95,000 

740,000 

226,000  145.000 

371,000 

1,111.000 

Totals... 26,000,000  200,000   26,200,000  3,379,000  918,000  4,327,000   30,527,000 
The  total  coinage  since  the  establishmeat  of  the  Mint  has  been 
as  follows: 


Gold. 

SUver. 

Total. 

Gold. 

Silver. 

Total. 

.     4,084,200 

$ 

4,018,200 

t 

$ 

$ 

18,498  300 

1854.. 

1866.. 

.   18,217,300 

281.000 

IR.'i5.. 

.  17,598.300 

164,100 

17,762,400 

1867.. 

.   18.233  000 

634.000 

18,859,000 

1«.':6.. 

25,146,400 

177,000 

25.323,400 

1868.. 

14.2.50.000 

8-2.000 

15,072.100 

1857. . 

.  11,490,000 

50,000 

12,540,00.1 

1869.. 

18,6.50,000 

406,000 

19,056,000 

rn.is.. 

.   18,459,800 

127,800 

18,587,600 

18T0.. 

19,C-1S,000 

594,500 

19  910,600 

18.59. . 

13,886,400 

298.500 

14.184,901) 

1871.. 

17,865,000 

746.800 

18.611.800 

I860.. 

11,839.000 

361..500 

12,250,500 

1872. . 

.   17,790,000 

955.500 

18.74.5,500 

1861.. 

.  12.42;.000 

198,000 

12,619,000 

1873. . 

.  16,967,000 

94.500 

17,061.500 

1862.. 

.   1.5.51^000 

641,7(X) 

12,619,000 

1874. 

.  22.302,600 

1,550,500 

24  853.000 

1863  . 
1864.. 
1865.. 

17,511,000 
19,068.400 
18,670,800 

815,900 
.347,500 
328,800 

18,3-26,800 
19,415,900 
18,969,600 

1875. 

.  26,200,000 

4,327,000 

30,5-27,000 

Totals  376,553, 200  14,922,400  391,475,600 

TUE  DEBT  STATEMENT  FOR  JUNE,  187§. 

The  following  is  the  official  statement  of  the  public  debt  as 
appears  from  the  books  and  Treasurer's  returns  at  the  close  of 
business  on  the  last  day  of  June,  1875 : 

Debt  bearlns  Interest  In  Coin. 


Character  of  Issue. 


of  IS.iS-..  

of  1881... 

Oregon  War 

of  1881 

5-20'sof  1862 

of  1881 

104O's 

5-20sof  1864 

5-208  of  1864 

5-208  of  1865 

5-2ns  of  1865,  new. 

5-20sof  1867 

6-208  of  1868 

Funded  Loan,  1881 


Anth'rizing 
Act. 


June  14, 
Feb.  8, 
March  2, 
July&A., 
Feb.  25, 
March  3, 
March  3, 
March  3, 
June  30, 
March  3, 
March  3, 
March  .3, 
March  3, 
July   14, 


feS 


1874 
1880 
IfSl 
1881 
1882 
1881 
1904 
18S4 
1884 
1885 
1855 
1887 
1888 
1881 


Interest 
Periods. 


J.  &  J. 
J.  &  J. 
J.  &  J. 
J.  &  J. 
M.  &  N. 
J.  &  J. 
M.  AS.* 
M.  &  N. 
M.  *  N. 
M.  &  N. 
J.  &  J. 
J.   &  J 


J.    &  J.  Id 
I  Q.-F.  \a 


Aggregate  of  debt  bearing  interest  in  coin t760.959.750  I  $947,038,550 


Bonds  Outstanding. 


Repstered. 


$260,000 
13,786,000 


126,8'>2,950 

66,650 

53.679,900 

141,601,650 
946,600 
25,354,700 
33,792,000 
58,128,6.50 
88,625,750 
14,185,500 

204,669,501) 


Coupon. 


$4,6;9.000 
945,000 
63,4.58,400 
54,S30,550 
21,320,100 
53,964,750 

3-i,'69'l".566 
118,742,850 
144,334,450 
221,997,000 

23,288,600 
207,636,950 


The  sizes  or  denominations  of  each  issue  of  bonds  are  as  follows:  (a)  Coupon 
$1,000,  registered  tS.OJi).  (»)  coupon  $1,000,  registered  $1,000,  $5,000,  $10,000. 
fc)  $.50,  $100  and  $500.  (rl)  coupon,  $50.  $100,  $500  and  $1,000,  registered,  sama 
and  also  $5,000  and  $10,000. 

*  Coupons  of  $50  and  $100  bonds  are  paid  annually  in  March. 

On  the  above  issues  of  bonds  there  is  a  total  of  $i,79»,916  of  interest  overdue 
and  not  yet  called  for.    The  total  current  accrued  interest  to  date  is  $34,332,633 . 

Debt  Bearing:  Interest  In  IiawtuI  money. 

~~~  I  Principal.  Interest 


3s,  Navy  pension.  Act  July  2},'68,  Int.  appl'd  only  to  pens'ns  $14,000,000  $210,000 
48,  Certif's  of  indebtedness.  Act  Julys,  70,  Due  In  1875....         678,000,       9,040 


Aggregate  of  debt  bearing  interest  in  lawful  money. 


$14,678,000  $819,040 


Debt  on  Wblch  Interest  Has  Ceased  Since  maturity. 

There  is  a  total  amount  of  overdue  debt  yet  outstanding,  which  has  never 
been  presented  for  payment,  of  $ll,435,S-2 1  principal  and  $227,316  interest.    Of 
this  amount  $10,361,100  is  on  the  "called"  flve-twentles  of  1862. 
Debt  Bearlnic  no  Interest. 


Character  of  Issue. 


Demand  notes 

V.  S.  legal-tender  notes  . . 

Certificates  of  deposit 

Fractional  currency 

Certif  a.  for  gold  deposited 


Authorizing   Acts. 


July  17,  1861,  and  Feb.  12,  1862 

Feb.  35  and  Jnly  11,  '62,  and  Mar.  3,  1863 

June  8, 1872 

July  17. 1862,  Mar.  8, 1863  &  June  30, 1864 
Mar.  3,  '63  (In  $20, 50, 100, 500, 1 ,000, 5,000) 


Aggregate  of  debt  bearing  no  interest. 


Outstand'g. 


$70,107 
375,771,580 
58,415,000 
42,129,424 
21,796,300 


{498,18-2,411 


July  10,  1 8  "6) 


THE   CHRONICLE 


29 


ItMapltmlMtoB. 


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Dbbt  ■■*■»•  bmnrr  u  Lawvci.  Vmbt— 
CMlMtilw  t «  >«r «■■* ..^... 


p— I  «■  wCTiiiT.  ■*»«»«>  w»c«  Matpitt.      n.tmr''^ 

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1«.  WMA 
U.  KA 


VomDon.  Hat«rd»r.  Jaa*  W.  1978- 
Th«  fkilana  mordad  thta  ««*k  kavs  baa*  faw  sad  moally 
Tbax  ua  tkaaa  of  Maana  8.  4  J.  Oimham.  with 
MaMH.  J.  H.  Rodall  k  Sooa.  oTM  KlDf  WillUm 
■UmI.  •  fm  labHafcad  abeat  M  yaara  a(0.  tba  lUbllUlaa  balair 
Ilwat»>t  St  ntOfKO.  aeooMaMbl*  proportloa  of  wbieh.  howarar, 
li  aae«f«d;  Matan.  Wllaoa  k  Anutrong.  of  Aldemukabarf.  Lo»- 
4a«,  la  Aa  Baotck  wooIm  tnda  ;  Meonw.  Wm.  Sbaw,  8oa  *  Ck>., 
««olHi  ■iiiliaiila  of  Wood  atraat,  Hoddataflald,  and  of  Mr.  Lawla 
fltowi,  of  m.  Mm7  Axa,  la  tba  EaM  ladfat  trada.  with  llabiUtlaa 
■MnaiiA  at  CtOOjOOO,  oaa  half  of  which  eoaaiala  of  aaeapttaeaa 
tar  MaaMa.  CMBo  *  Co.  It  waa  natarmlljr  aatldpaiad  that  thara 
waald  ha  fanhai  taflaraa,  aa  tba  moat  taogoine  eonld  ■eareel/ 
kepa  that  ao  loiportaM  a  aaapoaaion  u  that  of  Maaara.  Collla  *  Oo, 
WaM  take  plaea,  wHboal  Ineladlaf^  otben  wttb  whom  that  Arm 
kad  bailaaaa  foanaullMaa.  It  wonld  appaar,  tboogh  It  wonid  bo 
I  !•  ha  eartaia.  tkat  tho  aior)-  impertaat  dHBcaltlaa  hara 
I  pablie,  aad  that  tkoaa  which  hava  jot  to  take  place 


will  be  of  qaite  minor  note.  The  reTelailona  which  have,  how - 
arer,  occurred,  obvioiisly  prodace  a  very  cautious  feeling  in  com- 
mercial circles,  while  aa  regards  financial  matters  there  is  eqaal 
caution  since  eapitaliata  are  distrustful,  and  are  very  unwilling 
to  lend.  The  AonaJId«  trader  is  now,  no  donbt,  sufferiug  consid- 
arable  prirations.  Thoogh  hia  account  at  his  bankers,  maji 
eompare-1  with  tboae  of  his  peers,  be  a  small  one,  yet  his  accept- 
tboogh  not  well  known  in  the  discount  market,  is  to  be 
troatad,  and  his  bills  are  always  punctually  met  at  maturity.  The 
■air  ha  at  wbo  has  been  timdinir  within  hia  means  now  suffers  tor 
thoaa  who  hare  been  trading  beyond  them,  ao  tbst  at  the  present 
tiae,  BO  iadolgeaeaa  are  offered,  and  it  has  become  Decessary,  or 
lathar  ianporatire,  to  cnrtail  moet  commercial  transactions.  The 
oaea  praaBiaeni  man4on  of  Indian  trade  haa  evidently  fallen  into 
decay,  bat  ao  doubt  the  procaoa  of  raatoration  will  be  sharp,  of 
rather,  I  ahoald  say,  that  tha  prooeaa  adopted  to  ineure  that  reator- 
atton  haa  been  aharp.aa  all  flctitioua  aupporta  have  bean  withdrawn  > 
and  tha  work  moat  now  be  re-«atablished  on  a  aoondar  baaia. 
Laaa  credit  and  fewer  aeeommodatioo  bills  are  what  are  required. 
TboaboHtioo  of  theae  can  only  ioaore  legitimate  trade,  for  when 
Uabllltiaa  are  allowed,  aad  when  the  facilities  of  credit  are  afforded 
there  ia  always  a  dlapoaltioa  to  run  to  cztremea,  and  we  all  know 
that  eziremea  are  iaiigaws  In  a  lew  daya,  the  banks  and  dis- 
eoaat  hooaea  will  he  holding  their  half  yearly  meetings.  They 
arill  prore  to  b«  of  mofa  ^lan  ordinary  intereat,  aa  it  would  be 
wait  to  know  what  amount  of  Iraemaaonry  there  is  amongst 
baakaia,  aad  wbaiber,  and  when,  they  were  of  opinion  that 
awwaiUMiJalkiB  to  certain  firtna  should  hare  cxaaed.  Some  of  the 
baaka  and  diaeoant  hooaaa  are  obviooaly  "let  in"  heavilr,  and 
poailhly  the  ahareholdara  in  tboae  nodartakings  will  be  importun- 
ala  la  their  loqairlaa  for  Infonnatioo. 

Tkara  ia  aa  ampU  aapply  of  money,  aot  aaaklag  employment, 
bat  ia  raoarre  tor  amploymeot  aa  aooo  a«  the  preaent  period  of 
dlittnal  haa  pssiid  awaj.  No  diapoaltton  ia  sbowa  to  lend  money 
aafdar  tha  preaeat  nlllalal  minimum  of  H  per  eaot,  bat  there  la  an 
tapnarioa  that  la  tkaaoarae  of  a  few  daya,  easier  quotations  will 
ba  1111.  TiMra  la  MO!  aooia  raaaoa  to  believe  that  before  the 
'^•Wii  daaianil  tola  ii,  tha  Bank  rate  will  have  beea  redaoad  to  8 
par  aaal.    Tha  praoaai  ^aotatiooa  for  OMoey  are  aa  followa  : 

rareaal. 

4  muotli>' tMok  bills MMX 

•  moaUit'bsak  bills iSWK 

4  aad  (  auaths'  trad*  bill*.  4    S<x 

Tka  lalca  of  ialanol  allowed  by  the  JoiaUaioek  banka  aad  dia- 


raaain  aa  ooder : 


Par 


itko«Ms«1tbl4dara'ao»le«...   _ !» 

;ad  la  a  atataiaaat  aba  wing  tha  praaaot  pooltloa  of  tha  Bank 
of  Bagtaad,  tha  Baak  rata  of  diaeoaat,  the  price  of  Console 
Iho  avarage  qootolloa  for  Boirllah  wheat,  tba  priee  of   Middling 


Oplaad  ooitoo,  ol  Mo.  40  Mula 
aad  tba  Baakara'  Claariag  Hoaae 
taar  proviooa  yaara : 


yara   fair   aaeond    qualit], 
ratara,  compared  with  the 


aaaiau 

Gpoatti 


int. 

M 
M.aTl.lM 

iT.Bi.ia> 
ii.aao,aH 

tl.tl4.4H 


mi. 

lacJadlag      g 

Wis Hjm.m 

>t* MHltM 

lU ILIM.'Ri 

OOarsacaflUea mjln.7tl 

aad 

tumrm 

aad  baUlaa  Is 

»40 
c 
Id. 

«k«t Ma.  lid. 

I    I  ..laat^tifw    ..         Md. 
Raudtaalefaraffeir  N 


im. 

M 
iMa,iH 

lt.Hl.t» 
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tUB«.7n 


U74. 

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IT.'itltU 

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isn. 

r>,>n,4aB 
r.cN.on 

K.Er>.WI 
lt.TM.7IS 
tl.UMM 


itja.'M  i;.m,T40  »,in4,T40  ii.iri,i 


l4.1M41t 

tp.«. 

lllfd. 


flaarlaa 


ratata.  nUMLCM  li.44t.ti 


tMn.o:t 

aoi.  lud.' 
t  ift-itd. 

Is.  td. 

*;.t9t.ooo 


tt.tt»,4tO 

■Wd. 

«7,T(le;oob 


1S.1«I;MS 
•I*.OiI. 

%,t;o,oiio 


•  PMossJaaan. 
Tha   tataa   of 
followa: 


dlaeoantat  tho    leading   citiea  abroad  are  aa 


rMakfert 

Vlaaasaad  Triesu. . 
IUdnd.OadUaadBs 

UsbOB  aad'opiirlo. .' 


jOpaa 
lata.  Market. 

,  pereaal. 
4        J 

4 


4 

•M 

4M 

4 

4 

t 


I 

IM 

S 


Pi  iisasls 

Tarin,  Floraoca    sad 
Bom* - 


Baak     Opea 
rat*,  market 
percent,  pereaol. 


Ulpaic 

Oeooa , 

Oascra 

Kaw  Tark.  . 
CWratIa  .... 
Copaakacan. 


t 

ft 


tw 

k 


Tboia  la  BO  damaad  for  gold  of  Importance  for  export,  and  dur- 
tha  weak  a  large  sapply  has  accnmalated  nt  the  Bank.  As  regards 
■tlTOr  lathor  a  Brmw  tone  preraila.  The  prices  of  bullion  are  at 
fbllowa: 


so 


IHE  CiHRONlCLE 


[July  iO,  l8to 


».  d. 


93X® 
107  :ai08 
102  ®1C3 
....©  .  . 
10«X(^10T 
105  ®IOti 
10tfV®106K 

l68«®l635i 
104    ®105 


June  «i. 
9;i!<®  fl)>i 
107    ©IDS 
102>4@103>f 

l6iii®lMJi 
103    ®106 
10(i)i@106Ar 

103K®l63Ji 


BarOoH  per  o«.  •Una»rd, 

BwGoM,  Una per  or.  »Und»rd. 

Bar  Gold,  rodnable per  o».  «t»ndard . 

8;)anlsh  Doubloona peroB. 

Bouth  Amurlcan  Ooabloon* peroi. 

United Sutee Gold onin  pero«. 

■ILTBB.  •. 

Bar  Silver,  Fine per  or.  eundard.  4 

Bar  SUvor.  conulalng  S  ere.  Gold per  or.     do        4 

Mexican  Dollare per  or. 

Bpanl'b  DoUara  (Caroms) per  oz.  none  here        

riTe  Franc  Piece* peroz. 

The  tone  of  the  stock  marketg  has  been  dull,  and  price*  have, 
in  most  inatances,  given  way.  The  general  public  are  just  now 
giving  very  little  support,  and  hence  speculators  for  the  full  have 
been  enabled  to  depress  the  markets.  Erie  railroad  securities 
■how  some  recovery  from  the  lowent  points  reached.  The  closing 
quotations  for  consols  and  the  principal  American  securities  at  to- 
day's market,  compared  with  those  ol  last  week,  are  subjoined  : 
'  Kedm.     Jane  19.  '•■"»  " 

Conaol* ■■■■ 

United  8Ute«,a«... 1S81 

Do       Iv-iO  yeara,  6e 168* 

Do       OB  I8S4 

Do       6a 1885 

Do       is 1885 

V.  8.  HC7,«afn,84e,380  tss.  to  Feb.  31,'69, 88. . . .  lUirr 

Do       5e 1871 

Do  funded,  S« 1881 

DolO-«0,ts .....1904 

Louisiana,  oId,6s ® 

Do        new,  6s 

Do        levee,  8a 

Do         do    8s  J875 

Do  do    68 

Massachnsetls,  88 1888 

Do  58 1894 

J)o  S« IIHK) 

Do  68 1889 

Do  58 1891 

Do  68 1891 

Virginia  stock*  68 

Do  New  funded  6e 1906     48 

AMKRICAN  DOLLAR  BONDS  AND  SHARKS. 

Atlantic  &  Great  Western  let  M.,  $1,000.  78. .  .1901     36    ®  28 
Do  2d  mort.,  $1.000, 78.. 1902 

Do  3d  mort.,  $1,000 1902 

Atlantic  Misnis'lppt  &  Ohio,  Con.  mort.,  78 1905 

Baltimore  &  Potomac  (Main  Line)  let  mort,  6s.  !911 
do  (Tunnel  1  Ist  mortgiige,  69, 

(gnar.  bjr  Pennsylvania  &  No.  CDntKailway).19Il 

Central  of  New  Jersev.  cons.  mort..  78 1899 

Central  Paciflc  of  California,  Ist  mort.,  68 1896 

Do  California  &  Oregon  Div.,  Ist 

mortgage  gold  bonds,  fis 189i 

Detroit*  Milwaukee  1st  mortgage,  7<i 1815 

Do  2d  mortgage,  88 187S 

Brie  $100  shares . 

Do  preference,  78 

Do  convertible  gold  bonds,  7s 1904 

Galveston  &  Harrisburg,  Ist  mortgage,  68 1911 

Illinois  Central,  $100  shares 

Lehik-h  Valle\',  consolidated  mortgage,  68 192.3 

Marietta  &  Clncinuali  Railway,  78 1891 

Missonri  Kansas  &  Texas,  let  mort.,  guar,  gold 

bonds,  English,  7s ....1904 

New  York  Boston  &  Montreal,  7s 1903 

New  York  Central  &  Hudson  River  mortg.  bonds.. 

New  York  Central  $100  shares  

Oregon  &  California,  let  mort,  78 1890 

do       Frankfort  rommit'e  Receipts,  z  coup.  „,  -- 

Pennsylvania,  $50  shares  43>i@  ii)^ 

Do.  let  mort.,  8s...  1880      ...@  

Philadelphia  &  Reading  $50  shares 46X©  47>i^ 

PittsbnrK  Fort  Wayne  &  Chicago  eqaipment 

bouds  (guar,  by  Pennsylvania  Co.).  8a 

Union  PaciHc  Laud  Grant  1st  mort.,  78 1889 

Union  Pacific  Railway,  Ist  mortijage,  6'8 1898 

AMERICAN  STERLING  BONDS, 

Allegheny  Valley,  guar,  by  Penn.  R'y  Co 1910 

Atlantic  &  Gt.  Western  consol.  mort.,  Bischoff. 

certs,  (a),  78 1890 

Adantlc  &  Gt.  W.,  re-organlzation  rcrip,  78..  .1874 

Do.  do.       leased  lines  rental  trust,  78.1902 

Do  do.  do.  1873, 7s.iaO:i 

Do.  do.       Western  exten.,  8s , .  1876 

Do.  do.  do.  7s,  guar,  by  Erie  R'y. 

Baltimore  &  Ohio,  6s ...1895 

Do  68 1903 

Do.  68 1910 

Burlington  Cedar  Rapids  &  Minnesota,  78 1902 

Cairo  £  VInccunes,  7« 1909 

Chicago  A  Alton  sterling  consol.  mort.,  6e.  ...  1903 
Chicago  A  Padncah  1st  raort.  gold  bonds,  78... 1902 


12 

5 

43 

85 

87 
92 
88 


®  14 
-     6 
60 
87 


®  93 


®  87 

t55 
55 
®  12X 

t21 
48 
@  77 
®  89 
@  87 
@100 


87 
91 
87 


§89 
92 
®  89 


86  ®  87 

45  ®  .55 

45  ®  55 
12>i@  13 

23  @  25 

37  @  39 

75  @  77 


42    ®  48 

....&  ... 
101    @I02 
90    @  91 
27    «»  29 
24    ®  26 


101 
90 
27 
21 


®100 

®  46 
.@  ... 
®!02 
@91 
@  29 
®  26 


43>f  @  44X 
....&  .... 

46>i@  i^>i 


®100 
®  87 
®  89 


98 

85 
87 


@!00 

@  87 


84    ®  I 


&  7 
.®  .. 
@  52 
®  24 


60  ®  65 
105  ®106 
105  ®106 
104>f®105>f 

....a   ... 

®  52 
®102 


83    ®85 


®    7 
®  .... 
®  46 

t24 
60 
t65 
106 
®106 


43 
20 
50 
60 
105 
105 


104)iai05X 


48 
101 

86 


48 
101 


Cleveland,  Co'iumlius.  Cin.  &Ind.  con.  mort 81 


Eastern  Railway  or  Massachusetts,  68  1893 

Erie  convertible  bonds,  68  ... 1875 

Do.  cons.  mort.  for  couv.  of  existing  bonds.7B.1920 

Do.  second  mort,  7s 1894 

Oilman  Clinton  &  Springflcld  let  mort.gold,78. !  1900 

Dllnois  <it  St  Luuls  Bridge  1st  mort  7s 1900 

Do.  do.  2dmort.,7B.  

Dlioois  Central,  sinking  fund,  5s....; ....1903 

Do.  do  6s 1895 

Illinois  Missouri  ATeias  Ist  mort  78 1891 

Lehigh  Valley  consol.  mort.  "A,"  68 

Louisville  &  Nashville,  68 19ii2 

Memphis  &  Ohio  Ist  mort  7s  jgoi 

Milwaukee  &  St  Paul.  Ist  mort  7s !l902 

New  York  &  Canada  H'way,  guar,  by  the  Dela- 
ware A  Knilsuti^Canal  scrip,  68 1304 


@  86 
®  99 
®  75 
®  70 
®  35 
®  80 
®  95 
<»  70 
9i>i&  93Jf 
103    ®104 

99"®1()6" 
89    ®  91 
9S    ®100 
86    ®  88 


98 
73 
68 
3.) 
75 
93 
60 


84 
98 
68 
69 
35 
75 
80 
50 


®  52 

®102 
®  68 


®  99 
®  72 
®  71 
®  37 
®  80 

t90 
60 

92Xa  9.3X 
103X@104X 
....©  .... 
99X®100X 
90  ®  92 
93  @I00 
8f>    ®  88 


98    @100  99    @101 


N^.  Central  &  Hudson  klv.  mortVbonds.'sV.'.lOOS    108><©!0;w    lOfJtfl'oW 


Panama  general  mortgage,  78 1S97 

Paris  &  Decatnr Igaj 

Pennsylvania eeneral  mort  68 !...!.."!!!.1910 

Do.  consol.  sink'gfnndmort  6s. !!'!l90S 

Ferklomen  con.  mort.  (June  '73)  guar   by  Phil 

A  Reading,  6s 1913 

Phil.  &  Brie  Ist  mort  (guar,  by  Penn. RR  j  6b    1881 
Do.         with  option  to  be  paid  in  Phil.,  68 


97  ®  99 
78  ©  82 
104  @105 
93>i@  94X 


93 
96 
96 
81 

-  -.     102 

imp. mort, 63 ]897     9,1    a  97 

gen.  mort,  1874,  scrip,  6'8 95Jf  ©  96>i 


Phil.  St  Erie  gen.  mort(guar.  by  Penn.  RR.)iS8.1920 
Phil.  &  Reading  general  consol.  mort  6b 1911 

Do. 

Do. 


©95 
©  98 
©  98 
©  86 


'  JJi  5  conponB,  January,  187J,  to  January,  1874,  incluBlTe, 


Redm.   June  19.    June  26. 

Sonth  *  North  Alabama  bonds,  68....- 88    ©  88         86    ®  88 

St  Louis  Tunnel  1st  mort  (gnar,  by  the  Illinois 

4  St  Louis  Bridge  Co.)  98 .1888     70    ©  80         70    ©  80 

Union  PacittcRillway,  Omaha  Bridge,  88..      .18911      96    ©98         %    @  98 
UnitedNewJerseyRailwayandCanai,  68  ....1894    10tX@104Jf    10:J«®104>f 

Do.  do.  do.  do.  6s 1901    10.i>i®101X     103>4®;04|^ 

We  have  had  a  week  of  fine  weat'aer,  and  the  wheat  plaat  in 
the  early  counties  of  England  is  now  in  full  ear.  The  blooming 
season,  has,  in  some  sections  of  the  country  commenced,  and  there 
is  reason  to  believe  that  the  crop  will  be  a  good  one.  The  late 
rains  have  had  an  excellent  effect  upon  the  crops  of  spring  corn 
and  roots,  and  there  is  every  indication  that  during  the  coming 
winter,  there  will  be  an  abundance  of  cattle-feeding  stuffs.  The 
trade  for  wheat  has  been  steady  during  the  week,  and  in  some 
instances  rather  higher  prices  have  been  obtained  ;  but  millers 
operate  with  caution.  The  trade  for  spring  corn  has  been  depress- 
ed, and  the  value  of  beans  and  peas  exhibits  a  marked  decline. 

The  following  figures  show  the  imports  and  exports  of  cereal 
produce  into  and  from  the  United  Kingdom  since  harvest,  viz., 
from  September  1  to  the  cloae  of  last  week,  compared  with  the 
corresponding  period  in  the  three  previous  years  : 

IMPOSTS. 

1874-5.  1873-4. 

Wheat cwt.  31,765.723  33,.307,286 

Barley Ii,6b2.481  7,628.014 

Oats 7,481,964  8,492,851 

Peas 1..527,401  !!80,976 

Beans 2,826.613  3,416.936 

Indian  Corn 18,030,502  13,912,637 

Flonr.... 6,498,800  5385,182 

EXPORTS. 

Wheat cwl.  192,714  2,095,863 

Barley 185,632  232.461 

O.its 60,264  f6,872 

Peas 17,839  10,528 

Beans - 2,447  2,3"i3 

Indian  Corn 44,3.52  115.890 

Flour 49,866  149.850 


1872-3.  1871-2. 

36,009,717  31.218,160 

12.201,561  10,.M4,2I3 

9.093,538  8,380.285 

1,243,764  816.478 

2,209,H00  2,517,742 

16,629,8:16  14,8f4.577 

5,529,717  2,621,207 

502,374  2,108.046 

17,511  15,403 

18,1(0  103,209 

6,877  9,605 

2,453  5,041 

34.300  21.062 

20.641  75,781 


In  the  manufacturing  districts  a  somewhat  better  feeling  pre- 
vails, but  active  business  is  still  kept  in  check  by  the  recent 
failuie,"!,  and  by  the  fear  that  further,  though  not  important  ones, 
may  take  place.  A  report  from  Manchester  states  that  although 
the  depression  of  last  week  has  in  a  great  measure  passed  away, 
there  is  still  a  considerable  amount  of  anxiety  as  to  the  future 
course  of  events,  and  buyers,  whether  for  home  or  foreign  markets, 
continue  to  exercise  the  utmost  caution.  The  better  trade  demand 
for  cotton  in  Liverpool  has  brought  about  no  increase  of  business, 
and  the  quotations  may  be  reported  steady.  Sales  of  quantities 
are  only  practicable  at  prices  dealers  decline  to  accept.  The  yarn 
market  is  without  improvement.  Mule  yarns  and  water  twist 
especially  bad  to  sell  for  the  Continent,  and  the  purchases  have 
been  merely  of  a  haud-to-moulh  character.  Home  trade  yarns 
generally  have  sold  only  in  small  parcels.  Manufacturers  having 
amply  supplied  their  wants,  are  indifferent  about  operating 
further,  except  on  terms  which  spinners  find  inadmissible.  For 
one  or  two  descriptions  of  goods  there  has  been  more  inquiry,  but 
in  no  quarter  have  the  transactions  been  large.  Printing  cloths 
keep  in  moderate  request.  Domestic  and  T  cloths  in  abundant 
supply,  and  values  barely  maintained.  Shirting,  both  common 
and  better  sorts,  alike  neglected.  The  trade  has  been  of  very 
limited  dimensions.and  any  change  was  in  buyers'  favor.  A  report 
from  Leeds  states  that  there  is  little  change  to  report  in  the 
condition  of  the  cloth  trade.  Owing  to  the  late  heavy  failures, 
speculation  has  been  entirely  stopped,  and  the  only  business  doing 
consists  of  a  few  parcels  of  goods  to  meet  the  requiremsnts  of 
pressing  dealers.  And  yet  it  has  not  transpired  that  any  liousea 
in  the  district  will  be  seriously  affected,  so  that  in  another  week 
or  t«o  it  is  expected  that  confidence  will  be  restored,  and  that 
trade  will  be  more  active.  In  the  warehouses  there  are  several 
buyers  from  a  distance  moving  about,  but  their  purchases  are 
small.  The  shipping  houses  are  dull.  From  Dundee  we  learn 
that  business  has  been  quiet,  and  few  transactions  are  taking  place. 
Flax  is  held  firmly.  Stocks  of  good  qualities  are  light.  Tows  are 
in  rathtfr  better  demand,  especially  the  finer  sorts.  No  improve- 
ment in  jute,  and  transactions  are  confined  to  immediate  wants. 
Flax  yarns  are  held  for  an  advance,  but  little  doing.  Jute  yarns 
continue  dull  of  sale.  Canvas  in  slow  demand.  Jute  goods 
extremely  flat.  A  report  from  the  northern  iron  districts  states 
that  more  anxiety  was  manifested  by  buyers  to  do  business. 
Smelters  of  pig  iron  were  generally  quoting  last  week's  rates,  but 
holders  seemed  to  be  able  to  sell  at  a  decline  of  Is.  and  23.  per 
ton,  and  irregular  prices,  therefore,  resulted.  Consumers,  however, 
were  not  satisfied  with  the  reduction,  and  are  still  holding  back 
all  but  most  pressing  business.  No.  1  pig  iron  was  59s.  to  60s.; 
No.  3,  523,  to  533.;  No.  4,  5l8.  to  53s.  per  ton,  net  cash.  Rail  and 
ship-plate  makers,  having  a  fair  extent  of  work  on  hand,  held 
steadily  to  recent  prices,  and  expect  an  advance  very  shortly. 
Very  little  new  business  has  been  received  from  America,  but  an 
jmproved  demand  is  expected, 


July  10, 1876.^ 


tttE  CHEONICLR 


SI 


■•cUak  Mark**  K«r«r(a-Per  OakU. 
n*datly  aloatag^ttoauioiu  la  the  markeu  of  Loadoo  and  LItot- 
pool  for  the  paat  waak  haro  be«a  roportod  by  eabla.  as  ahown  in 
Um  tollowiac  tammarj : 

XMMto*  JTMMy  mmd  St»ek  JTarM.— American  Mcurltiea  es 
i»>ll>4  Mw  flraa,  eloM  the  week  at  tUe  openiag  prioaa. 

Tha  diraetora  of  th«  Baak  of  Ka^Iasd  at  their  ine«tiflf  on 
Thoiaday  fixed  the  minimum  rate  of  dlseoant  at  the  Bank  at  3 
per  eeot. 

The  baUloa  ia  the  Bank  ol  EagUnd  hna  laeraaaed  £86,000 
darlaf  tha  week. 

Hat         Heo.       Teci     Wed.        Tbar.  Frl- 

OoaaolaforaoaaT. ei  3-J«    m  is-l«  Mivuw  l»-U  M  S- •    M  1-lt 

"      aeeoast M  S-l(     M  !-!•  tt  l  U  H  U->«  J4<i  M  S-M 

"•-••-if^asi-^ssf  J25  ^  igg  jB^  ,«M 

O.B.lMli !04M         I0IS4       I04M      K-4X  W*i(         IMM 

■ew*e tone      HMii     ma    \q*k      lux      im 

Tb*    qaotaUona   tor   (Tatted  Statea  Sa  (ISO))  at   Frankfort 


V.l.ti(»-«i>lMI 


tsx 


mt-»  tSH        OK       ■t 


UmmfMl  OtfMM  Jr-irt«<.— Sea  apMial  report  of  eottoK. 
Lhwpttl  BnmdHmtt  Mmrka.—T^o    market    for   braadataflb 
■aady,  at  a  daeUM  of  Id.  In  apriag  vheat  and  an  advaaoe 


MM  II  e 
f  (U  s  « 
"to 

(    4 

II  • 

«    0 


.•maiow  «  0     «a  •     «  I 
nuryiif  J^mMm*  if«r**t.-Pitoa  of  baa«.  iud  aad 
are  tower,  wUIa  kaee*  haa  adfaaead  Sd. 


He*. 

•.  4. 

tl   • 

a  « 

!! 


TSM. 

•.  4. 

II  0 

«  s 

t  • 

•  a 

a  t 


Wed. 
•.  d. 

n  « 
•  * 

:: 

a  • 

m  I 


Tkar.  Vrt. 

t.  d.  ad. 

n  •  tl  • 

•  I  II 

II  11 

%    t  14 

It    I  ■    • 

41    I  41    I 


■ea. 
•.  «. 

•7    I 

n  f 

u  I 

n  • 

i;  • 


Taaa.  Wed. 

«.  d.  {.   d. 

41  •  n  I 

Tl  I  HI 

n  I  ■  I 
M   I 
n  I 


8: 


Tkar.  Vrt. 

•.  d  a,  d. 

ft  I  «   I 

VI  II  • 

n  I  HI 

Ml  Ml 

MO  tl    0 

IB 


*.  d. 

Baef(«ae*)acwfl<« it  I 

riik(a«a»a«*«bb:...  7«  0 
•aaaa  lloac  cL  iald.iv  cwi  U  4 
Urt  (laarMaa)  ...  ~  W  I 
{BeaeafAaef  ■  Ib«>   "        HI 

X<MrjMi«f  Pr»iuM  M^rkM.—Thm*  hare 
t«to  anrkal  4»m  lart  Friday,  prieaa  rallof  ataady. 

■at.      aoa.     Teee.     Wed.  Tfear.  rn. 

ad.      ad.     t-d.      4.  d.  4.  C  a.C 

■ailalaaHMBl...  Vevt..   11       SI       si       10       11  11 

-_tfael. .,,......  "   «•   ■•   »•   »•  »l  »• 

(MHIaL....  "    I     I     I     I     •     I 
TMM»ltwSlJi..»  ewt.  40  I   HI   HI   Ml   Ml   Ml 

aa»w4i4i<A«.  red)..  "Ill  III  na  iri  ni  ni 

WrtMiriS&Z.':.    -Ml      Ml       Ml       Ml       Ml       Ml 
iM^fii  iVa4iMa  Mtf  on  jr«rft«l4.-«««nr  awl  whaU  oil  are 
loMT.    Utala«nM^rthai*wMui«4TaMaof  «IUip«m«U, 
whlak  kaa  baa*  MnUtalnarf 

•ai.  aoa.       T«aa.       Wed.      Tkar.      FN. 

S    •  d.     <  •.  d.    «    t    4.      «  4.  d.    «    ■-  d.    •    4.    d. 

UMTdrkeioMi.vu  MuiMiiattMiMMaHMaMua 

LteW^wJeaWel....       Ml       Ml        HI        HI        Ml        Ml 
nBapoCVoi  .  ..       Ml       II*        Ml        M*        Ma        Ma 

Mamati  ...vtea  HaaHaaMioMaaMaaMaa 
filtaii,..  .     "    HaaHaai(«4Maa«iaaMai 

^PEadHI...  «cwt       Ml      II   I        II   4        Ml        all        Ml 


Commercial  aii5  iUidccUaiuous  ^twB. 


tmromn  airo  Bxpom  rom  tbb  Wbsc— Tk*  iHMtM 
abow  a*  iMraaar  t*  dry  fooda  aad  •  «aanMe  I*  aai 


Cad    w^vB     wwsw    w,m§v      «#«•««. 
ll«wlaffaratkatH»offUallt«w  Torb  tar 
>)Jaly  t.aad  lor  tba 


acaiaH 
w  Torb 
>k  eadl*c  (lor 


(for 


IHI^ 
•i.Mt.tn 

VlllOH 


MMMMB 


£-i^   £JS£  X^SS 


Maae**.! •Mi.iss.aM    inr.iiyiii    t«M,Mi,oii  tni.uuii 

la  *m*  npott  at  tba  dir  (oada  Made  will  be  lo«>d  tba  iMpanaof 
dfrMo4alor  «*e  waak  later. 

TkataO*viac  la  aatataaaat  of  the  eiporU(«salaalTa  of  apaela) 
fr*H Ike  port  of  Hew  York  to  loraigo  porta.for  the  week  ending 
Jaly  4: 

Boaan  vaoa  saw  voaa  roa  tan  w^n. 

jart.  irn.  tfJt.  ifti. 

gartkeweek...^.......    •vnt.an       ||om^M      jri..H>.tn       l*'!**'* 

v4e4l4*aly  reported....     tMiM^efl     tev.naiaoi 

MaeeJea.1 |1l1.tH,a0«    t>4s.l'<.ni 

rbafollowiBir  will  akow  the  esporia  of  apeelefrom  the  port  oi 
Haw  Tork  for  the  week  eadlag  .Inly  3.  1873,  aad  aloce  the 
baglaalac  of  the  year,  with  aoomparieoa  for  the  oorreapoDdlsff 
4m«  I*  preTlooa  reara : 


in.TM,i 
titMrrim    twtiijjii 


jDoa  10— 8tr.  BoaeU Llrnpool 


..Ameriangold  

Silver  bus  

Mexicto  allTer  doHsra 

American  lilrer  half 

dollara 

Jaly   IStz.  CllyofN.  T Qavau. SpanUb gold 

intj   l—8lr. Herder....   .   Flrmouth American eold 

IxindoD Mexioan  (liver  

Pari*  SUvarten 

■amboTK 8tlv*rbara 

Jai7  >— !>tr. Odrr 8oetlttmptaii..Ainerteaagold r... 

Jaly   i— SU.Cii7orBnuaala..Xlv«rpooI Aaarloia  gold. 

surer  bara.... 

ttij  S— Str.  Brlttanlc. LiTerpool Aaaartcan  mid  eelu. . . 

XezioaadoUan 

French  aUver  

Ootdbara 

Stiver  baia 

Trade  lollar* 

Farelgacotn 


$100,000 

UT.US 

8,000 


M,a» 

M,TW 


811,000 


M»,IOO 

S4I.5W 
41^ 

Km 


Tottl  figrtha  weak 

Prevleaaty  reported....... 

TtttalaiaeaJaaaaryl,] 


tS.ttilWI 


.„ M,l»Js6 

18»t «£wf« 

...   4T.ltt,MI 


18M 
ISfT 
tlM 


tn.MB.H9 

Bamatnaela— 

UT4  . 

im. 
int., 
ifn iM4i.(»»  1 1 

Tbalmporta  of  apaHa  at  tkla  port  dulag  tha  paat  waak  hava 
aafoUowa: 

Jaaa H— Str.  Cab* Bavana  ...'....SUrar  coin tMI,OU 

Ooldeols HjIM 

/aaeM-laiHT L...3aHa« SIlTercola 1,W0 

JaaaM-Blr.  RJMla. 4..Jra»ta Bllvaraola 

OoMeota 

....Oaldeolo 

...QiMaata. 


Jelr  l-Slr.  TllledePaiM...-J«vre. 
Joly  t-4u.  Oeocfta ^Savaaa. 


WD 

mXm 


IPotolfefUe 
PNvftoMly  npoffMtt. 


■  •eaaoaaaaaeaareMta 


tSiSi 


•..•58l~ 


TMalalaMjULl  ItH. •I.Sn.OM 

■eatelbaela- 

l«N tT.Ma,IU 

UM l.in.lM 

IMi 1V;1.IM 

MM LMI.Oil 


7t&.Me 


\S^— ■::::■:::■ 

MM 

IMI.. MW.Ha    Hi 

Oalr*  *  St  Loaia.— AAh  tha  oaHplaUon  of  the  road  to  Cairo 
PayaoM  *  Co^  tha  iinaMawnn.  applied  to  the  board  of  direeton 
lor  tk*  itaaa  to  iheaa  aadar  tha  ooatraet  of  |l«6004MO  atoek,  ia 
Midltlo*  to  f«JNjBOO  already  hold  br  Ikam.  Their  elaim  waa 
aapfwrad  by  tk*  a«at  Cm  tha  boadhoidaan  The  board  Totad  to 
aaaayl  Ika  aid  BaHtlaaally  aad  to  iaaaa  tl/WOjOtt  atoek .  glTiag; 
tkaaaHtaaatotatMMfMlaali.  Tk*  whoU  aaoant  authoriied 
to  fItjmjM.  *(  wklah  1100.000  U  kaU  back,  aad  all  or  nearly  all 
tb*  taH  balooga  to  Iha  towaa  aad  eooatiaa  which  aabaeribed  to 
tk*fa*d. 

New  T«rk  A  N«w  Bwlaad.— The  order  of  the  Maaaaeh*a*tta 
gaprene  Coart  pnttiag  tbia  eooipaay  In  pa*Be*aloB  of  the  Boatoa 
Hattfkwd  h  Bri*  road,  raoulrea  It  to  aaaome  tha  asMltag  floatloK/ 
I  tm\ JKn     The  traateea,  who  hare  baaMMtatlog  the 
allowad  aaatpaaaailoa  at  the  rata  of  f  t<l!nv  per  year. 

— Piopaaala  for  9  IMM  of  Chleago  BurllnctAnA  Quloey  bonda, 
dated  Jaa*  1, 1873,  aad  parable  In  SO  ymi»,  wTtl  be  received  at  the 
ottaa  la  Bialon  till  Jaly  IS.  The  bonda  bear  3  per  cent  Intareet , 
•ad  altaaaatlTe  bida  wTtl  be  reeelTed  for  a  like  amonnt  ut  aterling 
boada  payable  la  Loadoa.  Aa  the  aeeurttiea  of  the  beat  elaaa  oT 
lallroada  are  aow  aoat  la  demand.  It  ntay  be  anticipated  that  the 
aaoant  of  bida  will  piofaably  be  laive  and  at  fall  pricea.  Several 
Important  delaila  wlU  ba  touod  in  the  adrertiaemfot  on  another 
page,  to  which  attaattoa  la  invited. 

— 4>f  tha  Llaoola  Park  (Chicago)  7  per  cant  bonda,  notioad  ia 
laat  weak 'a  CHaOMIOl^  the  limit  of  the  iaeae  ia  $900,000.  For 
thMobooda the  Paifclaad.,eatlina«*d  to  b*  worth  HOOO/MO  at  a 
tow  valaatioo.  are  apaetolly  pledged,  aad  they  arx  further  aeenred 
apoa  ^.lOHJOn  of  nal  aad  peraooal  eatetr,  upon  whicli  a  apeeial 
Us  ia  aaanalty  latrtod.  by  law,  for  th*  totereat  of  the  bonda  and  5 
per  aaat  par  aaaam  additional  lor  a  ainking  fond  to  meet  the 
ptiaetpal  wb*a  it  matoraa. 

— n*  eonpona  do*  Jaly  1,  on  funded  bonda  of  the  Weat  Wla- 
laaaln  railway  oompaar,  ate  paid  la  gold  at  the  office  of  the  New 
Tork  Ooarantjr  and  tademnlty  company.  


laillS  ill  FIMUCIAL  

BAOaOAO  ■OHM.— Wbalbw  yoa  wtah  to  BITT  or  nWlU  wriU  to 

i  *  CO..  No.  1  Wall  •IraeU  1*.  T. 


Joan  Bumuna  m  ool,  baxkkrs  asd  bbokbm.  «  broadway. 

Vl  atreat^aaat  (rte  to  any 


STOCKS 
Dealt  to  at  tba  New  Turk  SUxk  Bxrkaoca  boaikt  and  aold  bjr  04  on  marxta  or 

•vepwetat.  PRniLIOKS  ^      ^  .^    «     •_.. 

!«<faUatad  al  oa«  to  t**  par  ami  fro"  ••rkol  oo  atawhwa  of  the  Hew  Tork 
Bzekaaaa  wiwMMlHeSartlaa.  Large  aaaa  have  beaa  raaUaad  thepaai  H 
dafaTnt  ar  eaOeaHB  ea  Mt  abarea 

tlM  M 
DtiaddiT-  MM  Mak,  aotHol  MO  abarea  of  atoek  fbr  M  daja  wUhnat  farther 
ftak.  wbil«  menr  Ihaaand  dojlari  wodt  way  be  gained.    Advice  and  l«forn»- 
lloe  riinu>h'^     PaapUat,  conulning  valuable  aUtlaUcal  Information  and 
•kovtag bow  WaU  alieeletetatlou areepadaoled aaat 

To  any  addraaa.  Ordwa  tollalted  by  aaU  or  wire  aad  promptly  ezeeatad  by 
aa.    JhMMaa. 

•  TCMBBID91  *  CX>.,  Bankweaad  Hokwa 

No.tWaUitraet  «, 


'd2 


THE   CHRONICLE. 


[July  10,  18.5. 


vdlic    fiaiikecs'    (^ajettc. 


N\ri07ilL  Bi>IK<«  OttUlNIZSO. 

The  United  Sutes  Comptroller  ot  the  Currency  furniahes   the 
followlnir  statement  of  National  Banks  organized  the  past    week; 

MB»— FIrtt  National  Bank  of  ^llanU,  llllnoU.    Authorized  capital,  »M,000 ; 

^^  pald-lo  capital,  $50,000.    John  A.  Hobllt,   PreBident ;    Frank   Uobllt, 

Oaihlar.     Anluorlud  to  commence  batmesa  JglyH,  lb7>. _^ 

DIVIOBNDH. 

Tke  follow) DC  Dividends  have  reeantlr  been  annonnced  : 


OoMraiiT. 


PiB 

CanT. 


Rallroada. 

Cheshire 

Ill  ehi  I  A  Schnylkill  Haven 

Og-leushurji;  it  Luke  Ohamplaln 

Weat  (Jbotcr  &  Philadelphia,  pref.,. 
Maiika 

Flnt  National  of  Yonke  a.  X.  T 

laianriince. 

American  Excnanfe  hire 

Atlantic  

Commrrdal  Fire 

Cittzuns' 

Coin  i.bia  Fire 

CoDllnenul  

Erchnniie  Fire    . 

Firemen'* 

Firemen's  Fund 

Qermau-American 

Oeriuan  a  Fire 

Hlobe  Fire  

Oreat  \Ve>«tern  Marine 

ImportiTB' &  I'rad'-ra' 

Mechaiiica' &  Traders' Fire 

National  Fin-     

New  Yorli  BquiUble 

New  York  Pr.dnce  Kxchange 

Belief  Fire  

8tnyre»ant  Fire 

Tradesmen's  Fire 

United  States  Fire   

iHI>ceIlaneona. 

Snlncy  Mi iitng 
oion  Trast    


»1  IS 


i 

5 
10 
10 

s 
sx 

10 

8 

B 

6 

6 
10 

5 

6 
10 

6 
10 

6 

5 
10 
10 

8 

»3 
5 


Whb» 
F'abu. 


Jnly  15 
on  dom. 
July  IS 
July   10 

Jnly  10 

on  dem. 

on  (tern, 
on  dem. 
on  dem. 
on  dem. 
on  dem. 
Aug.  9 
July  14 
on  dem. 
m  dem 
on  dem. 
on  dem 
July  15 
:)u  dem. 
in  dem, 
in  dem, 
Tnly  10 
July  8 
>n  dem, 
>n  dem. 
in  dem. 
on  dem. 

Aug.  2 
on  dem. 


tlooKa  Oloscd. 
(Days  lEClnsive.) 


July  »1  to  Aug.  1. 


July  9  to  July  14. 


IKPOBTS,  BLZTBM  UOMTHB  IKDINO  MAT  31. 

1875. 

Merchandise t4!in.6O0,5?5 

Specie 19,070,610 

Total $509,571,335 

Decrease 3d,977,18"2 

BXP0BT8,   GOLD  YALTTEO. 

Domestic  produce , $403,374,986 

Forulsn  merchandise 18.741,501 

Domestic  and  foreign  specie 73.i>74,816 

Totol  exports $5I9,7»1,SS3 

Decrease 68,917,474 

Onlted.  Statea  Bonda. — dovemment  securities  fell  off 
slijrhtly,  in  sympathy  with  the  decline  in  gold,  but  there  was  no 
movement  to  sell,  and  the  first  demand  of  imoortance  develops  a 
firmness  on  the  part  of  holders.  In  the  present  easy  condition  of 
the  money  market,  and  witli  the  remarkable  favor  in  which 
governments  are  held,  a  decline  of  a  fraction  is  likely  to  call 
forth  a  demand. 

Ulosini;  prices  daily  have  been  as  follows  : 

Jnly    Jnly    July    July 


1874. 
$519,037, 197 
2  ■,461,320 

$54«,64S,517 


$52.1,371.239 
15.2«8,591 
58,038,987 

$59^,708,807 


Int.  period. 

8s,  1881 reg..Jan.  &  Jnly.    121 

68, 1881 coup..  Jan.  A  July.    122^ 

68,  S20'8,  1862 rcg..May  &  Nov 

Ba,  5  20'B,  1862 coup. .May  A  Nov.  *113 

68.  5-20' s,  1864 reg.  .May  &  Nov.    1185i 

68,  5-20'8, 18S4 coup.. May  &  Nov.    118Ji 

68,  5-2D'8, 1865 reg.  May  A  Nov.  'liOJi 

6s,  5-2'r8, 1865 coup.. May  A  Nov.  •122 

6s,  5  2(r8, 1865,  n.  1.,  rcg.  .Jan.  A  July      120X 
6s, 5-20' 8,1865  n.l, coup.  Jan.  A  Jnly.  *i;0>^ 

68.5-20'e,  1867 reg. .Jan.  A  July.  'iHM 

6s,  5-20'8, 1867.... coup..  Jan.  A  July.    122X 

69,  5-20' s,  1868 rer.-Jan.  A  July.  *121X 

63,  5-20'8,  1868 coup.  Jan.  A  July.    121>< 

59,10  40"8 reg.  Mar.  A  Sept.  *117X 

5e,  10-40'e coup.. .Mar.  A  Sept.  'IWX 

5»  funded,  1881 reg    ..Quarterly .  ♦I17X 

58,  funded,  1881,  ..coup Quarterly.    lltK 

Se.CnircncT reg.  .Jan .  A  July . '  122>i 


6. 
123 


July 


Jnly 
8         «. 
ViO%  *lWfi 


7. 
»l2tei 

*ii8H  ♦iisx  ♦mv  'in 

•IIR^  'llSJi  •118J4  *118>f 

*ns)i*iis%  iisji   118JS 

•Ijnx  *[V)%  *UO>i  •12I1X 

*iny.  •I22>i    iwix   121X 

120X  *120X1     liO«     121iX 
laiX  »:20X    12nv    lioa 

n\)i  *i2ix  u^a  I21X 

izaji     122        12IX     '.SIX 

•121X  •i2i)tf    .  ..  •in 

•121  s^  *'.v,y,  *I21K  *I21X 

117^     inj4«117>i     117X 

*ll9)i    119X  'IISX    118Ji 

•nsji   iiBj<   1I8X  nsx 

122X     122K  •122X    122X 


Fbidat,  Jnly  9. 1875—6  P.  M. 
The  Idoner  Market  and  Financial  situation. — Since 
the  occurrence  of  the  National  Holiday,  which  always  has  the 
effect  of  making  a  dull  business  week,  the  principal  events  of 
interest  have  been  the  slight  flurry  in  Wall  street  over  the 
failure  of  a  gold  operator  and  reported  default  and  flight  of  a 
broker,  and  the,  reduction  of  the  Bank  of  England  rate  to  3  per 
cent.  The  excitement  in  financial  circles,  so  far  as  concerned  the 
reported  absconding  of  a  respectable  broker,  had  little  founda- 
tion, as  the  (gentleman  returned  to  his  office  to  day  from  a  tem- 
porary visit  to  Canada,  to  find  thai  one  of  his  clerks  had  attempted 
to  perpetrate  a  swindle  in  filling  out  and  procuring  the  certifi- 
cation ol  checks  for  $136,926  with  which  to  take  up  |125,000  of 
gold  depo-iited  as  collateral  lor  loans.  Fortunately,  he  had  left 
■^  orders  to  surrender  the  gold  only  to  himself,  and  therefore  no  loss 
was  incurred.  The  gold  operator  who  tailed  to  meet  his  contracts 
yesterday  and  suspended  with  large  liabilities,  is  reported  to-day 
as  having  settled  with  his  creditors  and  made  a  satisfactory 
adjustment  of  all  engagements. 

The  Bank  of  England  on  Thursday  made  a  reduction  of  i  per 
cent,  in  its  discount  rate,  which  stands  now  at  3  per  cent.  The 
gain  in  bullion  (or  the  week  is  £86,307.  The  Bank  of  France 
showed  a  decline  of  16,144,000  francs  in  specie. 

In  our  local  money  market  call  loans  are  easy  at  3;S3  per  cent,, 
with  exceptions  to-day  at  4  per  cent.  Prime  paper  is  in  demand 
at  4  to  5  per  cent. 

The  last  weekly  statement  of  the  New  York  City  Clearing 
House  Banks,  issued  July  3,  showed  an  increase  of  $4,786,025  iu 
the  excess  above  their  25  per  cent,  legal  reserve,  the  whole  of 
such  excess  being  $23,183,523,  against  |21,396,500,  the  previous 
week. 

The  following  table  shows  the  changes  froib  the  previous  week 
and  a  comparison  with  1874  and  1873  : 

, 1875. ,  1874.               1873. 

June  26.         .Iuly3.       DliTerences.  July  3.        July  5. 
Loans  anadis.  $276,707,800  $279,397,200  Inc.  $i,689,400  $287,422,200  $286,905,810 

Specie 8,847  000     13,8M,fliiO  Inc.     4,977,600  31,9.31,S00  31,551,400 

Oircniatlon....      19.016.500      18.982,600  Dec.         31,000  25,863,900     27.276  200 

Net  deposits..    236,768.000    245.898.700  Inc.  10,I2e.:00  211.4».5,.'JO0  232.36').400 

LeralUnders.     71.491.500     73.882.100  Inc.    2.310.600  63.6»0.500  48.168.000 

From  the  Bureau  of  Statistics,  at  Washington,  the  following 
summary  of  figures  is  furnished,  sliowing  the  toreign  trade  of  the 
TJnited  States  for  the  eleven  months  ending  June  1,  1875 ; 

UIFORTS  OF  HCRCHANDISB,  GOLD  VALUE. 

Xleven  months  ended  May  .31,  1875 $490,500,525 

Bieven  months  ended  May  81, 1S74 519,057,197 

Decrease $28,586,672 

BXPOBTS  or  IfZK0BAin>t8B,  mXBD  VALirBS. 

r-11  month;  ending  Msv  31-^ 
1875.  1871. 

Domestic  prodncc,  chiefly  currency  valae $517,«16,i'99  $581,415,093 

7or«I|j^  merchandise,  gold  value 12,741,501  15,2!>8,5al 

Total $&30l57,fi00  $599,713,688 

Decrease 69,556,083 

IKPOBTS  AHD  EXPOBTS  or  SPECIE. 

BxporU  domestic  gold  and  Silver $65,893,806  .    $51,617,166 

Exports  foreign  gold  and  silver 7,781,088  6.521,821 

•"  Total  export $78,674,846  $58,018,987 

ImporU  gold  and  silver 19,070,810  2746l,3i0 

Net  export  geld  and  silver $54,604,038  $.30,577,667 

Increase  In  net  export 24,086,369 

Reduced  to  gold  value,  and  including  specie,  the  figures  for  the 
first  eleven  months  are  as  follows : 


•  ThI?  la  the  price  bid  :  no  taU  was  made  at  the  Board. 
The  -ange  in  prices  since  Jan.  1,  and  the  amount  of  each  class 
of  bonds  outstanding  July  1,  1875,  were  as  follows: 

■Range  since  Jan.  1. — .   . — Amount  July  1. — . 


Loweei 

6a,  1881 reg..  118     Jan. 

68, 1881 coup..  113J<  Jan. 

6b,  5-20'8,  1862 coup     114)i  Jan. 

6s,  5-20'8, 1S64 coup..  116     Jan. 

68,  5-20'8, 18''.5 coup..  118X  Jan. 

68,  .5-20'b,  1865,  new,coup. .  1 17%  Jan. 

68,  5-20' 8,  1867 coup. 

68,  5-20'8, 1868 conp. 

5b,10-40's ..reg. 

58, 10-40's coup. 

58,  funded,  1881..  ..coup. 
6e, Currency ree. 

Closing  prices  of  securities  in  London  have  been  as  follows : 


,  118X  Jan. 

118     Jan. 

ll.3)#Mch. 
.  nSXMch. 
.  1I3X;  Jan. 
.  117K  Jan. 


Highest  Registered. 
122J4  May  261193,328,850 
136J4  June  17 
imx  Apr.  13 
121  Apr.  27 
122»i  June  18 
124H  June  17 
125>f  June25 
;25«  June  18 
118X  June  18 
1  iM^i  June  7 
119  June  28 
124Ji  Apr.  24 


66,650 
26.301,300 
33,792,000 
58,128.6.50 
88,625,750 
!4.185,f>C0 
141,601,550 

2M.669|56b 
84,623,512 


Coupon. 

$ 

89,407.500 
51,830,550 
32,691.500 
118,742.350 
144.534.450 
221.997  noa 
23,288.  SCO 


52.964  760 
207.636,950 


Jane 
25. 

July 

Jnly 
9. 

, Since  Jan.  1,  1875. ^ 

Lowest.      1     Highest. 

O.8.6s,5-20'8,1866,  old.. 

0.8.68,  5-20'B,  1867 

D.8.58, 10-40's  

;o6X 
106X 
104X 
103M 

t065i 
106?i 
104« 
1035i 

106^ 

loeji 

104 

105!i  Apr.  221  108^  Apr.    9 
106>i  June  18    109>f  May     5 
102Ji  Feb.  13:  105Ji  Feb.    6 

NewSB 

l(i2     Apr.  19    104     July    9 

State  and  Railroad  Bonds.— Tennessee  bonds  have  been  re- 
markably strong  among  the  Southern  list,  and  this  firmness  seems 
to  be  based  on  an  idea  entertained  by  some  parties,  that  the 
money  may  yet  be  raised  to  pay  the  July  interest;  we  have  no 
satisfactory  information  on  the  subject,  and  concluded  that  as  the 
default  had  actually  been  made  the  efforts  to  raise  money  on  loan 
would  not  now  be  further  continued.  Virginias  are  firm  on  a 
home  demand.  There  is  nothing  of  importance  as  to  the  other 
States,  except  that  some  $200,000  of  South  Carolina  funds  are  re- 
ported to  have  been  on  deposit  with  the  Trust  Company  recently 
suspended.  Railroad  bonds  have  been  active  and  stron;':  there  has, 
been  a  good  demand  for  inve.stment,  and  a  pretty  well  distributed 
business  throughout  the  list  of  good  bonds.  The  PaciPcs  have 
been  as  usual  the  most  popular,  and  the  Union  Pacific  sink- 
ing funds  sold  to-day  up  to  i)6i,  and  first  mortgages  to  102^- 
Cbicago  and  Northwestern  consolidated  coupon  gold  bands  sold 
at  b2i. 

Daily  closing  prices  of  a  lew  leading  bonds,  and  the  range 
since  Jan.  1,  have  been  as  follows: 


6s  Tenn.,  news... 

6t  N.Car.,old.... 

6b  N.  Oar., new... 

88  Virg.,  consolld 
do        3dserleB. 

68S.C.,J.&  J... 

68  Mo.  long  bonda 

N.Y.C.&H.  Iit78 

C.Pac.,gold68... 

On  Pac.  I8t  68... 
do  L'd  Gr't  78 
At        S.  F.  8s.. 

Brlelst  M.78 

Ei.  J.  Cen.  tst  7b.. 

Ft  Wayne  Ist  78. 

fioct  l8lrt  tst  78... 

C.  ftN.W.  goldTe 


July 
3. 

•47 

•20 

•U 

•64 

•46 

•31H 
•lOOX 
•115 

lOiX 

ll'SK 

•99V 
96X 
•101 

•ui" 

•106 
•SIX 


Jnly 


July 
«. 
•4«H 
♦20K 
•10 
•tiii 
•4«S 
•SIX 

loOH 
•nsx 

102X 
W!« 
100 

MX 
•102 

•lii" 

101 

eiK 


July   July   July 


•17K 

•41V 

SO 

•aOH 

•■20V 

•■2UV 

•1(1 

•11 

•10 

•64 

•84 

•W 

•46-,< 

•I6« 

•46H 

Ml 

■31 H 

-IS 

wa 

•lUO)i 

•100 

•115« 

'115S 

lll'V 

Ilia 

1(12 

lll.'V 

102 

10  ly 

99  X 

99 

•m% 

96K 

96X 

96H 

■KB 

'102 

I'-.'X 

113 

110 

•am 


111 

108 


107K 
82H 


-Since  Jan  I  ^ 

Highest. 
55X  .Jan.  6 
29  Jan.  Ill 
16  Jan.  7 
6  la  Apr.  S 
45  Jane  7 
85  Jsn.  2T 
[IBK  June  23 
lliM  May  17 
IU6V  June28 
liWM  June  30 
lOOX  Mch.  S 
'.<«S4  July    9 

6 

9 


Lowest 

44     Jan.  27 

:0      Mc.h.2- 

11     June  12 

.'VS.^  Jan.  26 

36      Mch.  21 

30     McU.  2il 

»4H  Jan.  14 
mV  Jan.  18 

92^  Jsn.    6 

m     Jan.    6 

90     Jan.     t 

8UX  Jan.     S 
10'     May  29  lOTJi  May 
1117)4  Feb.    l!ll5     Apr. 
l06,i<Jan.    7II14     JuneM 
1U5     Jan.    SUlKJune    5 

79     Juno  I5|  87V  May  10 


•This  Is  the  once  bid.  naaaUVAS  marie  at  the  Board. 
Railroad  and  mscellaneons  Stocks. — Business  was  much 
broken  up  by  the  occurence  of  Fourth  of  July  and  the  absence 
rif  many  brokera,  as  usual,  on  tbe  following  days.  The  market, 
however,  has  shown  a  fairly  healthy  tone,  and  clo-es  steady  on 
prices  generally  firm.  There  was  a  temporary  flurry  on  Thurs- 
day over  the  failure  of  the  gold  operator,  previously  referred  to, 
and  who  was  also  well  known  as  an  operator  in  several  prominent 
speculative  stocks.  But  to-day  when  it  was  announced  that  he 
had  settled  up  his  contracts,  the  intelligence  had  a  good  effect  an  d 


Joly  10,  1876  ] 


THE   CflRONlOLE. 


38 


waa  lollowsd  bj  %  Mnmrer  looe  la  prlera.  Weitani  Uaioa  Tele  - 
icr»ph  ha*  been  th»  leaJini;  bull  itoek  aad  sold  ap  to  l*l|  jester 
lUf :  Um  TrMwarar  give*  notira  that  the  company  i*  Dow  prrpar«d 
to  p**  tbe  prioeipaTaitd  aecraad  iatataat  of  lU  bond*  maturioir 
Nor.  1,  1873,  upon  delirery  of  the  bonds  at  ihoir  office.  Pacific 
Mall  waa  alao  well  mainlaiDed,  thoogh  not  so  strong  to-da/,  and 
«k*  fienerat  list  closes  prvtiT  firm. 

The  Ckleago  Barllafftoo  Jk  (juincx  railroad  has  KiTen  ootlee  to 
tks  Blaek  ExehaDge  that  oo  and  after  Aagost  1,  tbe  company  will 
••bMiiate  iu  own  su>ck  esrtiflcalas  for  thoae  of  the  Uurliniftoo  ft 
Misaoarl  River  nilroad  company  aad  iu  branch  stock  ;  also,  tha> 
It  wUI  iasoe  Its  own  esrtlScatee  of  stock  in  exehan/e  for  the 
eaaT««tibl*  boeds  of  the  Barlingto*  ft  Miasoari  company. 

For  ihs  pnrpoas  of  ihowio^  the  IMal   traasaetloaa  of  the  w««k 
iB  tka  I«a4in|r  slneks,  wa  hare  eomalled  the  Ubie  followinir  . 
racUe      Lake    WeM'a  Ak.  *  Caioa    Ohio* 

Msa      Vhora.  Ualoa.  iSrwi.  BrI*.  PacMc    MIm.    Wab. 
Jaly     1 ILO»     1M»     UIM     t.10a     MU        MO         (00        SJO 

-       » B»Udw 

*•     • W.T0O  «.T»  n.tMi,no  i.aoo  i,w>  soo  ..  . 

"     T ujmo  *!,«•  «.«■    MM  L400  ym»  mos  «oa 

•    a^MO  HiHo  n.ioe    m«  tjoo  no  i.«o)  'uu 

"     *- turn  auH  **jt»    M»  6o«  1100  no  auo 

TWat  ITJM   M*,n»    IM.«a   «•.«)   MMO     T.UO      *jm     lao 

Whiits  i>a>     .JOMn    «H,MO   SRjIM  IM.Itff  WQXUU  aR,Mt   tOSJBn  UO,MO 

Tk*  iMt  llB*  la  the  precediog  uiMe  show*  tha  Uttal  naaber  of 
ikarea  of  each  of  tbe  slooka.  now  ••istaodinf.  so  tku  It  may  bs 
•••■  at  a  glaaca  what  proportioa  of  the  whcja  Mock  has  bMo 
twaa4  over  la  the  week. 

TW  dally  hichaat  sod  lowsM  ptiws  bavs  baa*  as  loilaws 

■•(Aiea^aJt.  -MM  vrnx 

iaii** *t>i>  ''I. 

^j*iiaiVi- 
■a*^ _    _ 

I  KM 

&kK   i  

Hi 


shipped  thas  tar,  with  engagements  for  to-mirrow's  steamers  re- 
ported at  $1,800,000.  On  gold  loans,  rates  today  are  moderate, 
the  lerais  being  flat  and  3  per  cent,  for  borrowing.  At  the 
Treainrysale  o(  |l.000,000.  on  Thursday,  the  totnl  bid  for  was 
f3,975,0(D0.  Customs  receipts  for  the  week  harebeen  $1,917,0(90. 
The  followiag  table  will  show  the  course  of  gold  sad 
operations  of  the  Qold  BxeUange  Bank  each  day  o(  the  past 
week  : 

. t^aotaiiuaa.— . 

Open- Low- lltich-Clos-      Total      . 5alaace«. , 

tnc.     Mt.     ot.    Inr.    nearlavi.      Oold.    ComnrT 

..inx  in    i!T>i  iirx  tn.iio.ooo  tLMCWo  SMtim 

lluHday 

...:iTK  UT    iiTt^  u'.ii    »Ma8,ooo   i,ni.iM   «.iis,ii3 
..It:    now  ii^s'  II6V    M,4aa.ooo   l.sa^aM    i,fioo.<iT 

...ll«V  '■»«  1>»<  MS         M,Mt,000    a.I7Q,(n9     S,Tn«1 
..tI«K  IK      llbS  !!«;<       80,88S,000    «,4M.ns    t,Nes,»IS 


iaianuy, 

Moaday, 

Taasdar, 

Wadaaaday, 

Thacaday, 

rridar. 


Jnly 


•«■■      Hr'Mi      HB«ia    •»f«lii 

•>    x^s  »s;i  [s^ff' 


Mu  MM     t'M     'N      .  1 

.-. »      «      •18  » 


^r^,     •»>     Ti., 

!•«•..      I« 

....    A     a 

J:*^'  ■;».a''  i-ti-  KA* 
Si  Sh  4S  ^J*  JU  «  •"^?- 

....    ~  T,    . ..  -nK  .... 


3-» 
*n    lis 


OarrmiWMK     lt7K  It&K  IITV  1I6X  t214.«*000     % $. 

ilrerioM  week tny  IIOK  117l«   .ITK     «arT,i;7.000     1.631,80*     1,190,175 

J«a.I.l«n.tA.I«i«...lltx  IIIX  in)<  IKX  

VarwICB  Kzekaace — Tht<  exchanf^  market  has  not  phown 
any  point*  of  special  Importance.  Etankers  who  are  making 
remiitanoes.  and  who  ahould  natnrmlly  be  the  chief  parehasera 
of  billa  offered  for  aals.  are  anwilling  to  bur  except  at  pricea 
which  offer  tbem  a  deeldMl  inducement  over  sbipmentii  of  spade, 
and  thaa  traaf«etlons  ar«  frenuently  checked.  Oa  Thuiwlay  the 
Bank  of  Eonland  r^tv  waa  rfiiuoed  to  3  per  cent,  and  in  tlii!<  mar- 
ket K<>ld  fell  oft,  but  oaither  had  any  ramsrkable  inUuenee  on 
exebauge. 

QuolaUoDS  are  as  follows  : 


Ptta*  haakar*'  •tacttac  MUb.  . 


Tka  sattra  raage  froas  Jaa.  1. 1814,  to  iMoilila.wa  —  Mlowa 
. — Ja«.  I.  Bra,  |a  Ssn      .,        Whili  fmt  WW. 

5.  T.  Osa. «  Ua«.  B...m    tUf  m  mHUv    ■!  *M  Ma;  t*  l«SH  M<b.  I 
la»la« ttlMJ**    l«l«     Agr. 


m    Ok. 


•I. 


'iH  Jaa«tl, 

JaM  Ji  MK  im 

<«  JaasMilBjaB 
\  Jaae^  mS  Jm 

nHJaavir  «m  '•■    ti  --        ,. ,  .  .- 

MPK  May  •»  tssH  Mck.  tr  MM  Jaa*  1»  toati  r«b 
t»%  Jaa*  It:  »ii  Kpt.   r  na  May  19  m%  Jaa. 
Uth.    I    9SK  Arr    M  •     Ma;     t   1i',  r*t< 


Mf  Ma;  t*  ISSH 
IMBJaa     


II 

M    SlliJta.  U 
I*   »4HJm-  It 

»  Uli  Jaa.  It 

ittj  l»  *t«  Jsa.    » 

i»  w<  r»b 


M 


SO  da]r*  I  da 

I.M)(«4.nx 

t.nxM.MK 

.    iBseoa.  •tar  do 4. Si    (ft4.M>( 

Pariacfiaaca) S  UXW-ltW 

AMwOTpffiBBtt) S.ITKttftWK 

tvtMifraacal t.nvJM.MV 

•dan) 40!»    «0K 

(iviehauM). MXA    ^X 

MM#    »4Jt 

MM<    •*% 

fbetranaaciioas  lor  the  woek  at  tbaCuatotu  Houaa  and  Sub* 
rraaaarv  have  baaa  salellows: 

UsMBM    . Bab-Tiaaaary. 

Hoasa     . .  KewlpU .  . Paymanta.  . 

Eaealptt.  Oold.         Osmaey.  Oold.         Carraaar. 

jaiy  • tmJBt     IMMSJn    fti«.8MU    •tn^oon    ••■>.•*  id 

••      • UoMu 

••    • utpm      •■.«(«:      tn^oiiM     m. 

-    t in,tit      •n.Miai      ta«.iM  M     " 

• VJff       ■■■141  M     .w-'Htft    .•MM 


turn       «U0&  «t     l.t>L«4* « 


Its  w  «aa.i4s  It 

i,int,s*«  M  i,t«7.on  n 

aot.Mi  n  nt.cn  01 

i.4M.ns  ta  «n,on  11 


Te«aL 


.....si.M7.ns 

iaIyV. 

Jalr«~ 


«.«N.*nit 


«,ntjiT  n    «,ts4.««  ■ 


M^sunn  tiantnn 

•Mn^un  MiMMtoM 

ftawVark  Cltr  Maaiia. — The  followlsK   statement   aboaa 

the  eoodltlos  of  the  Aaaociatwl  Banks  of   New  York   City  lor  the 

waak  aadlag  at  iba  somtaroo'iueni  of  buainaaa  on  July  3. 1875: 

--"-*Tr  aVUU'I  «» 
Loaataad 

Sksas 
a«w  Tof  k 


Itlisfi* fksMk wnt.  \t%  r*h.  «  M    Apr.  M  UK  »>pL  t  n    p.a. 

Otta A millnlf »*....  tl  Mar  fi  WKJaa.  t  tlXJaaalT  at  Jaa 
Oniwla«llew/«wy.MiiyJ«a  i  m  Apr.  «  M  rfaa.  t  Mm  r*a 
Bft^tmdk.  *  Waalwa.na)|  Jm.    tM    Ayr.  •  «    Jsa.    tlstK  r>« 

■aaMkalASLja isk  laa    »  «<  M&.  ■  ttMSapC  7      -     ' 

fataa  racitc  ai     Jta    M  »J!  Jaa*    1    n    Jaaalt 

.CWcALC «     Ja*«B    oSju.  u,    t     •«<. 

Il»«4»a    tlin     Apr.  SSim     Ap*.  a 

iTaloaT*!      .  70\  faa.  11]  «M  Jaly    Ol  M     Apr.  ti 
t  «  PaeiSa  T<4..  •»    Jta     inMJaa.  U|H    Aa*  r 

Dvir II     May  M  »    Jaa. 

U  J»o. 
«»K  Apr. 
W>MM«h. 

^     ,«     J4a. 

DBNB4Jms»an(«ss.  «    Jaaa  |l «     Jaa 
iMb.fbn»aoaL....  U    Jos  11  tm  Apr. 

aallraatf    ■aralM«a_Tbe  UiMt   earalaga  obuinsbla, 
lb*   lottla  tnjiB  Jaa.  I  lo  lalsn  daloa.  ara  as  follows  : 

• LalaslaarMBc*  ranonaa. ,  Jaa. I  la 

■aa«s  .  _     „  im.         MM         Mrm,  IfM. 

OMUalPaall*         .  Mealh  ■«  JwS    1.T1IJW    Ciltl}    fir.jm   £««.«• 
.AVIcMoBikar   May.        "  —        "■ —       — ""       


lU^v 


.   ACkte  .»!  wnkefJaaa. 
*ILOf«a4 
i*Da>  a. 


C'lc,  Daar. 

aaTLalaT. »  ^ 

.«lr«a4a.td  waak  or  Jaaa. 

'  e#  Jaaa. 

sf  Jaaa 

.*  Mr...»l  *«««•< Jaae. 

,>  Ola  *  Lar.  M  alk  a(   May. 

an  #4*.  Marts.  M  »«*  of  Jaaa. 

Maaa  of   May 

, Moatk  af    Air. 

laMaAOWa MoaiS  ar  tU^. 

W-L.  AMaaAT.M..  Mawbar   Jaaa. 

4a  braMba*    Mxaik  °/  Jaaa. 

M.t,  I.Ml.Aaeatb.  Moalb  of  Jaaa. 

lt.L.4«MilMaM  .M»wko«Jaaak 

RHt&.^'r^&if^j'at 

Tka  cial 


ka  ciaM  Harkat — Oold  was  «tea4y  la  the  early  part  of  Uie 
k.aod  sold  St  lITi  on  Tai^lay  sa4  117i  on  WMloemlay. 
Aftar  Boaa  aa  ikM  latlar  day  Ika  prica bMka  to llfti.  00 daspatchaa 
''"*  *^^S!^  **''*^  laHmafd  that  the  Baeralary  of  the 
Traaaary  irlaHM  tha  Hifhl  aader  the  lata  sprcla  lasamptlon  law 
t4>  s»ll  bnwls  ta  abtala  DMaaa  for  saeaBaUllag  apaeia  to  carry 
nn!  tl.»  int.  lit  nf  ttia  Uw.  Oa  Thuraday,  gold  ferUiar  daclload 
'"  ol  s  paaainrnt  ball  operslnr  to  mr«t  hi* 
-><*  qoliklT  ralllrd.  sad  ralad  lo-day  at  1  l«H 
10  iiofjCi.jMa^  xrprliM.     Tha  axports  have  been  c/.n- 

ttai«a«  «•  a  e  agsU,   sboat  flJOOAX)  hsvlag  bem 


Sauoaal  .. 
...  ..^fkCo.  Mat. 
Qrnaaa  Anarlaaa. 
]>ry«<wda - 


tnuj  rniMfMf  Wit.*:  jm  uuujm  rtwt,m  nmjM.ii«  •it.Mjm 

The  derlstioas  from  the  retons  of  Iba  previous  week  are  as 

HaS..  .   ............~...4>a.    JjnjglciraalaUoB J**"-       »«.<«> 

■  llor«peTt-:—a:aal»»  aaak.  :.. 


u 


THVi  CHEONICLR 


(July  10, 1875. 


AUvotle. |1M,M>0 


xmJM 

tw.ooo 


PMfia  Baaka— Baloir  wa  r1t«  »  statMiient  ot  the 
K«ttom»l  Bulks,  M  returutd  to  th«  Cleurlng  Houm  on  T 
Ji»Iy  B.  1873  : 

••-•       Loani. 

t\M.M 
t.lOSJOO 

«.M.ica 

1.NIJD0 
_  »J49*)0 

SMitu... iSMOO     i.(iM,«w 

nBaallAall IfiSSfiS      tXlJKO 

i.ni.iM 

l.W.TOO 
1  101.600 

i.tm,«io 
2.aicwo 

•..MS.4no 

lo.m.too 


BiMkitona 
BsMoQ..  , 
BoTl'ton.,, 
Brokdwk}  . 

Caatrkl..... 

ColamblftB KOOO,000 

UanUaanUl_ 1.000.900 

RUot '■Sm^ 

Re*  II  Will. ■.■.■"■.■.■  iSSfiS 

Kr»«iD«n'> 100.000 

OT6b«  I.0M.0N 

UatnlUjn 7H.aw 

Ho«u<> {.OOoJOOO 

iiw(«t tooloct 

MusictauutU 80«, — 

ifeASiiV -♦-»■ 


Moaot  Vernon 
■'nianAd. 


8.00O.I 
100,000 

OldBoUon *l 


B(Mlo» 
uesday, 

Clrcol. 

llSl.'-OO 

<r;<jPii 

7M.UV 

478,(U0 
lil.KIO 

1»>.»)0 
SSl.WO 

;ts.ooc 
iM.aoo 
i;5.jon 
ase.030 

84S.80U 

«4.10U 

tss.soo 

ISt.lUC 

33;.** 

828,400 
S4U.80U 

175  50(1 

:o.'.9Jo 

6<9,3(JU 

SI0.71H1 
T19,t)00 
B65,'0l) 
TIS-IW 
14S,8un 
615,iU(. 
5S5.UK1 
r.9':.9J(' 
4S<1.!00 
156.8U0 
536.800 
951,1(10 

979..!Xi 
300,000 
405.11:0 
320.901' 
671.500 
9fl,5'-C 
864,P0(' 

rs.aon 

SS'i.oilO 
411,700 

Total. »W,150.00f   »13O,M3.70C  {1,593.200     18  293,900    $55,570.H0  »2l!524,40O 

TbatoUlamoant"<Ineiootberlt>nKi,"8aperatateineiitor,laly  6,  la  |23,334,!0a 
The  deriation»  from  last  wnek'e  returns  are  aa  toIlowB: 

Uoana Increaae.ll.K'.v*  1  Deposits lncre«Be.l2.44J,6')U 

Soaola ln-.re«ae.    971,300    CIrcalatlon Increase.     218,700 

Lacal  Tendara Decrease.     113.50:11 

The  foUowingr  are  the  totals  for  a  aeries  of  weeks  paat 


Sbawmui  

Sboa  *  Laathar,. 

•lata 

Baffalk 

Traders 

Tremont 

VTaablngton 150.000 

rirat 1,000,000 

SaoondCOranlta)...    1.600.000 

Third 100,000 

Uankof Commerca*  t.000,000 
Banker  N.Amerloa  1,000,000 
B'kof  RedempUOD,    1,000,000 

Baakof  Repnollc...    ' 

Oammanwaalth.... 

Ofty 

Bade  

Baebania 

HMaA^eatber 

Barare  t.000,a00 

Beearltr 800,000 

Union t.OOO.OUO 

Webster 1.900,000 


1,000,000 
1.000,000 
8,000,000 

1.100,000 

600,000 

«,oao,oao 


1,500,000 

900,000 

1,000,000 
1,000,0M 
1  000,000 
1,900,000 


8.IW8,400 
2,661,400 

3^.100 
8,431.600 
1.2'3.T0O 

3.gas.8io 

2,069600 
4,!«IAlO 
8,949,100 
l,'.8«,<00 
t,!4l.900 
2,;i5,20U 
4,'87,S0I. 
3.280,300 
3,600.800 
1.916.4(0 
2,054,900 
4,319,800 
3.6S2,400 
9,483.300 
9M.900 
2.«S7.lirO 
2,560,200 


paola.  L,T.Notea 

Oanoflu 

♦1.W0 

in,ioo 

(610.600 

I.IW 

1,018JOO 

ii,;co 

■jaoxoo 

2.0.8.400 

6,400 

89,900 

Sl1.8l« 

>s,wo 

lt.»00 

6»!,100 

49.7<IC 

283.«00 

ra,«oo 

608,100 

4,000 

I263C0 

UH1.',9C0 

81,400 

9»3.900 

44,wi 

M4.400 

809.400 

5,100 

•a.tt'o 

699,000 

142JUO 

1.111.81« 

1,600 

,M,600 

514«W 

1*4.000 

316,400 

10.400 

41,800 

850,800 

900 

166,400 

824,200 

8:,ooo 

W9,I00 

63.600 

238.900 

774.100 

8i.0U0 

99.900 

t't^M 

l.«IO 

112,900 

iS3,oon 

186,W0 

lfl92,«)C 

6.8J4,900 

19.700 

S79.90O 

20,000 

2W',100 

Ktf.tOO 

ll.TUO 

1.641.900 

47,900 

203,900 

l.W^Tlfl 

IJ.im 

171,500 

811.600 

ISJOU 

:66.100 

1.810.000 

J5,'.00 

«5,100 

990.600 

T4,»0 

164,SO0 

1,056.600 

■■■4,900 

vsm 

sii.^eiH) 

101,600 

197,9(« 

B79.70O 

14.S00 

104,800 

718.700 

"■l"^ 

261, joa 

l,2M.900 

99.  WO 

29^,910 

IJOJ.IOO 

51AI0 

99,000 

9<2,6KO 

4.1,900 

329,100 

2,1S?.400 

18,000 

178,^00 

687.900 

14»;«0 

437,600 

1,1JB,000 

164,000 

690,800 

42,0UO 

847MIO 

2.I78,3«0 

5,000 

9SWI 

653.60O 

2,2.10 

161.300 

1.065,900 

209,700 

211.700 

2,208.800 

12,900 

187.900 

f-48,3C0 

80,900 

3'3.300 

2.221.900 

106,600 

.151,400 

r.,9to 

111.900 

1,106.600 

900 

1U,60U 

1,(131,70!) 

Data. 
May  81,, 
.»nae  1  ., 
June  14  . 
,Inni2l.., 
JuaaSi,,. 
Jnly  6,  , 


Loans,  Specie.    LegaiTendera. 

13>,H9,800  72:1,800  8,H2,S00 

r28.9tS,4(IO  8li,tOU  0,341,500 

121.371.900  725.000  ?.7.il,900 

129.470,700  776.100  8.459,W) 

129,191.200  6n,900  8.;cW0O 

IS0JIS.700  l,.59i,200  8,^»3,800 


Deposits.  Circulation. 


51,79n.^20U 
53.912,500 
53.460,500 
52,933.200 
51.1  .'7.800 
55,570,400 


24,951  ..300 
21,79  3.5:XI 
21.618,300 
21.495.900 
24.310.TW 
2I,:2I,4G0 


PUlBdelpbIa  Baoks, — TU9  following  is  the  average  con 
ditlon  of  the  Philadelphia  National  Banks  for  the  week  preced 
ing  MoDday,  July  5,  1875 :  Total  net 


Banka.  (;aplial.  i.oana. 

rnlladolpbia 11,500,000  $9,410,300 

NortbAmerlca 1,000,000  4.758.0OO 

rarmera  and  llecb.  2,000,000  6,095,600 

O^mmerolal 810,000  2,644,000 

Mectaanlna'  800,000      2,03S,0OO 

B»nk  N.  Liberties.       900,000  2,908,000 

Santhwark 290,000      1.562,60S 

Kenslnzton 290,000      1,003,967 

Penn 900,000      1,232,918 

JJeatern 400,000  2.275.610 

Manofactnrera',..,    1,QOO,0(.X)  2,4S6,0W) 
Bankof  (Jommerce     290,000        733,253 

glrard 1,000,000  3.831,000 

Tradeamen'a 200,000      l,6«1.iioo 

uonaoildatlon 800,000      1,124,814 

City 400,000       1,678,592 

CommonTealtb...,      300,000        320,000 

Oorn  Bzcbange..,.      900,000  2.037.000 

Onion 500,000  1,611.000 

First 1,000,000  4.636,000 

Tbird 800,000        94M71 

Bl*"" "....       190,0(0         581.000 

SjTentn 350.CM)  569.000 

Wiriith 279.000     i,ns,iXK) 

Central 150,100  4,7a.d00 

Bankof  Repnbllc.  l,000,t<10  2.2.36.000 

Seonrlty 250,010  633,000 

Total...  I16.439.000  161,516.133    $264^10     115,080. 

Tne  deviations  from  the  returns  ot  previous 

Wana Inc.  »33i.507  •  Deposits 

Specie...,    ,       Inc.    1311.653  I  Circulation 

The  following  are  the  totals  for  a  series  of 


Specie. 
160,000 

83','7(l6 

10,000 

2,458 

im 

29,944 

9,000 
29.000 
1,91X1 


891 
2000 
20,000 

2,000 


2,000 


Date. 
May  31... 
.Tunel  ,.. 
June  14, . 
June  21 


l,oan  8 . 
61.192,860 
62,059,063 
62,021,562 
61,309.039 


Specie.  LojralTenfler, 


June  28 61.116,632 

Jolyb 61,516,139 


133.353 
153,654 
144,3^ 
165.323 
124,911 
264.570 


18,009,31 1 
16.945,349 
15,8(5,261 
15  452  if-V 
15,^J74,360 
15,050,736 


L.  Tender.  Deposits. Clrculat'n, 

81.633,000       »4,401>.000  $1,000,000 

1,173,0110         3,542.000  7;5.llO0 

2.131,900         6.(r7i.500  1.000,0(10 

536.000         1,811,000  53S.UI0 

2n0,«00         1,231.700  470,000 

63 1,000         2,659,000  401,000 

612,880         1,611,653  198,6i0 

186,000         •  655,976  221.1)68 

8C9,4&5            9^24,165  164,90.: 

65,',95S         2.513.7i5  211.470 

43.',000         1.76O.00O  521,000 

162,661            532.6,39  197,513 

8-15,000         3.08^,1100  531,000 

231,1(10         1,207,000  178.000 

242J'2            783,374  210,000 

847.334         1,110,525  327,316 

14I,0CO            3£9,000  213,000 

743,000         2,3i7,000  238.900 

306.000         1.390,000  290.006 

l.rJO.OOO         4,119,000  747,00(1 

372.000            944,493  260.6'i5 

126,000           490,000  135,000 

139,000           3<a,o00  2H,350 

241,000            872.000  231 500 

920.000        4.'S4,000  465,000 

372,000        1,004:000  773,000 

101,000           430,000  130,000 

,786     »30.615,310  $10,824,497 

week  are  as  follows: 
Inc,    t805.r25 

Deo.        23,626 

weeks  past : 

Deposits.   Clrnnlatlon 

5.3.o;8.1t6  10,956,768 

52,«9,7«2  10,981,898 

51.645.412  10.965,151 

fO,6-,9,583  lO.SH  631 

49,SiO,««  10,348,128 

50.615,810  10,821,491 


fttlOTATJOWS  IW  BOSTUM,  PfllUDBLPBlA   AND  OTHER    CITIES. 


BIOVRITIai, 


BOSTON  (Jane  30). 

Maine «s ... 

We^w  Hampshire, 6a , 

Vermont  es 

Maaaachuetta  6a,  (}old , 

.    .   do  .5B,  Ocld , 

BOUOB  M,  Currency 

UHMce^waraKe  7a 

_  _*»  .  Mnnlclpal  Is , 

PortlandO* ;. 

Atcb.  A  Topekaiftm.'lV.".'.".'; 
do  landKt.la..., 
do  2d  7a 

_  _<*o^  .„      land  Inc.  12b. 

Botton  4k  A]l«ny  7b 

Boston  *  Maine  7a 

Burllufiton  ArMo.  Neb.  8b,  18941 
do  do    Neb,  8a,  1883 

EaaiemMaaa.,  la 

Ia(I.Cln.4kLaf.7a,  !8W 

do         e^olpnwot  lOa, 
do         funded  debt  la 

Ocdenabnnt  *  Lake  Cb.  9b..  . . 

Old  Col.  a  Newport  Bda,  7,  Tl 

Rotland,  new  7s 

VeriD'tCeD.,lstM,,conB,,7,*M 
do     2d  Mort.,  1, 1891 

Vermont  a  Can.,  new,  8a 


108X 
106 


iiox 


104X 


103X' 

68k 
K'A 
34 

97H 
111 
..,)110    I 

100    :ooi<! 


BkCUBITIES. 


Vermont  a  Mass.,lBtM.  6, '88. 

8TOCBS. 

Boaton  a  Albanv  Stock 

BOaton  a  Lowell  stock 

BoatonaMalne 

Boatona  Providence 

Bnrllngtona  Mo.  In  Nebraska 

Cbeatalre  preferred 

CblcaKO.Biir.  a  (julncy 

UlB., Sandusky  a  Clev.atook. 

Concord  

Connecticut  lilver 

Connecticut  a  Fassumpalc,  pf. 

Saatern  (Mass,) 

BaBtern(^ew  BampBhIre) .... 

Fuchburft  

Manchester  a  La^wrence 

Naabna a  Lowell :.. 

Ifforthern  ot  New  Hampshire. . 

Horwlcb  a  W  orceater 

Osrdena.  a  L.  Cbamplain 

do  do      prel.. . 

Old  Colony 

fort.,&acoa  Portamoutb 

ttntland  common 

do     preferred 

Vermont  a  Canada 

Vermont  a  Massaobusetta 

Worceater  a  Naahua 


Bid.  Ask 


131     133K 

71 
iilkiii8 

194k!i55 
41K    41M 


lax 

ISO' 
9S>4 

128" 

96' 

88"' 

liiii 
104J, 

is' 


112 
12» 

135" 
60 

129" 
182 
96 


111« 


BOKTO^t   PHlLADBIiPHIA,  Bte.-Contlnued. 


•BOVBmia. 


PRII.ADBI<PHIA. 

STXTS  AKO  OITT  BOKSB. 

PennBylTanla9s,  coup 

do  do    retf 

do  6i,  10-19.  2d...... 

do          do      19-29. 8<l.. 
rhiladelpbia  6a,  eld 

do  6a,  new 

AlleiibaBy  County  9«,  ooiip,.. 

Plttabnrg4a 

do       9a 

do      la 

New  Jeraey  State  6a,  Exempta 

Camden  County  6a 

Camden  City  Is 

Delaware  6b 

HarrlBburg  City  6a 


BJLILBOU)  BTOCKB. 

Camden  a  Atlantic 

do  do      pref. 

Catavlua 

do        pref 

do       new  pref 

Blmlra  a  WllUameport 

■Imlra  a  WllUameport  pref,. 

Seat  Pennaylvanla. 
nntlngdon  a  Broad  Top  . . 
do                     do     pref. 

Leblgn  Valley 

Little  ScbnylklU 

Minehlll 

Neaijuehonlng  Valley 

Norrlatown 

Northern  Central 

North  Pennsylvania 

OH  Greek  a  Ailegbeny  Klver. 

Pennsylvania.  ..^ 

Pnllailelpbla  a  Erie 

Ptiuailelphla*  Keaillng 

Phlladelplila  &  Trenton 

Phlla.,  wllmlnK.  4  Baltimore. 

UnltedN.  J.  Companies 

WestChPsterconeoi.  pref 

West  Jersey 

OANAL  BTOOKB. 

Lehigh  Navigation 

Morrla 

do   pref  

Bchnylkill  Navigation 

do  pref 


BAILBOAD  BONDS. 

ailetrheny  Val.  7  S-lOs.  1896  . . . . 

"        do       7BE.Bxt.,1910 

do     Inc.  7aend.'94.. 

Belvldere  Delaware.lat  m,6,7i 

i^fy  do      2d  M.  6s,*8^ 

do  do       3d  M,  6s,'87 

Camdena  Amboy.as,  '88.... 

do  do       69, '89 

do  do  mort.  6fl,  *89. , , 

Cam,  a  Atlan.  istm,  78,  g.  1903 

do  2d  do  Is,  18SII... 

Cam.  a  Burlington  Co.  69,  '97. 

Catawlasa,  new  Is.  1900 

Cayuga  Lake  Ist  m.  g.  1?,  1901 

Connecting  6s  1900-1904 

(.liartlers  Is.  1901 

Dan.,  H.  a '(V  likes,  let  m„1t','87 
D.^Iaware  mort,  68,  varloui.... 

Bast  Penn.  lat  :,nort.7s,  '88 

Kl. a  W'mspoit,  Istm,  iB.'SO. 

do  do   5s,pcrp 

Harrlshurg  1st  mort. 6e, '83.... 

U.a  B.  T.  l8tmort.7s,'90 

do       2d  mort.  7s,  '75... 
do      Sd  m.  cons.7s. '(5. 

Ithaca  a  Athens  g.ls, '90 

Joncilon  Ist  mort.  6s,  '65. ... 
do       2d       do  I900(9S) 

Lehlgb  Valley.  6a,  1898 1 

do        do         do     reg,  1898 

do        do         ao       7a,  l9io 

do        do        con.  m.  6s.  1923 

do        do  do  reg  19^3 

Little  Schuylkill. l8tM..7, 18T7. 

Norlliern  Cfentral,  2 1  m. ,6s, '8.3 

NonlicruPnclflc  7  3-108. 19(0.  < 

North  Penn.  lat  m,  6s, '85 

do  2dm.  7s, '96 

do  chattel  M.  10s 

do  gen.  M.  Is,  1903.. 

on  Creek  a  Ale.  K..ccn.1s,'86 

on  Creek  Istm.  78, '82 

Penna  N.  y.O.&K  H  78,96-l!l06. 

Pennsylvania,  18t  M., 6, 1880... 

•lo         gen.  m.  1910,  coup 

do         gen.  m.,  reg.,  1910 

Perklomen  Ist  m.6s,'97. 

Phlla.  a  Erie  lat  m. 6b, '81.. 

do  2dm.  7s, '88.. 

Philadelphia  a  Heading  66,  '80 

do  do       7s,  '93 

do  deb. bonds. 93 

do  g.m.7s,c.  1911 

do  do    reg, 1911 

do         new  conv.  7s,  '.893 

do  Coal  a  l,Co  m.,l8.'92-'8 

Pitts., cm.  a  St.  Loulsis, '90. . 

Shamokln  V.  &  Pottav.  78,1*'.. 

Sleubenvllle  &  Indiana  78. '84 

Stony  Cieej£.l8t  m.,  79,  1%7. .. 

Sunburya  £rle  lat  m.7s,'«7.. 

Suubary  a  Lewlston  7e,  1660. . 

Union  ft  Tituavllle 

UiiltedN.  J.  ens.  m.  68,  91.. 

Warren  &  K;  1st  m.  (B,'96 

Westchester  cons.  7B, '91.  ,.. 

West  Jeraey  1st  m.es,  '96 

do  do    Is, '.397 

Western  Penn.  RK.6B.  1393.... 

do        do     68Pb'96  

WUmlng.a  Kead.,istM..1,l900 
do  do   2d  Mort,  1902 

CANAL  BONDS 

Delaware  Division  6s,  13 

Lehigh  Navigation  6s, '81 

do  RU, '97.,.. 

do  Ti  

do  conv-,  '82 

do  eonv.,  g,'94. 

do  gold,  '91 

Morris,  1st  M., 6, 1816 

do      2d  M.,  1876 . 

do      boat,  '85 

Pennsylvania  6b,  1910 

BchuylklUNav,  lat  m.6B,'91.. 
do  2d  m.,  6b,  1907 
do  m,  6s.  c.  '95.. 
do  68, Imp., 'SO... 
do  68,  boat  &  car, 1913 
do  7B,Tioata<:ar.I915 
do  scrip,... 
Snaqnehannk  6s,  1894. . . . . 


;06>» 

lit 

104« 

io;« 


129X 
94 


isih 

7^ 

US 


100 

94 
100 

lOi' 

no 

lOoX 
96 

75' 
96 


lOO 
lOO 
100 

65 
100 
105 
103 

55 

60 
100 

98 
108 
103 
109 

M*' 
lOO 


106 
lOl 
183* 

169" 
104 

li^l 
103X 

90 

98X 

89 
101 
109H 

79 

105  X 
li)6X 
1U4!K 

71" 


105 
91 
104 


95 
1(2 
102  >i 

162' 
lC5 
102 
100 
100 

Sj« 

8l« 

78 

94 

n 

98, 
■fl 


104H 
113 

106 
107X 


I07M 


130 


50X 


133 


ma 


103X 
103X 


17 
102 
101 

104' 
60 

65 
106,t« 


103* 

W  ' 
90 
102 


SBOCBITIBa. 


BALTimORB. 

Maryland  6f ,  defence,  J.  a  J 

do       6«,  exempt.  1681 

do       6).  11'90,  auarlerly... 

•10        5s, quarterly 

Baltimore  6b,  1831,  quarterly.. 

do         6b, 1886,  J.  a  J 

do        6«,  1390,  quarterly.. 

do        6a,Park,l!j90,  Q— M 

do         68, 1-93,  M.  a  S 

do        68,  exempt,'93,.M.&  S 

do        6B,1900,J,aJ 

do        68,190-2,    do    

Norlo^k  Wati-r,8s 

BATI. ROAD  BTOCKB.      Par. 

Bait  &  Ohlo-St  ck 100 

do        Wash.  Brarch.  .100 
do      Parkersbnrg  Br.  51 

Northern  Central 60 

Western  Maryland 50 

rentrai"  hlo 50 

Pittsburgh  a  CouncllBvllle.  90 

RAILROAU  BOND^. 

Bait. a  Ohio  6a, '.foil,  J.  a  J.... 

do         68,1885,  A.  ft  O... 

N.W.Va.,3d  M.rgnar)'33.  J.a.I. 

Plttsb.aCcnocflsv.  1fl.'98,  do 

Northern  Central  68,1885,   do 

do  6s,  1900,A,iO. 

do  6«,gold,1900,  T  &J, 

Cen.  Ohio  6s,  Ibt  M . ,i890,M.&S. 

W.  Md.  68,  lstM.,(Kr)'90,J.»J 

do  IstM.,  1-90.  J.  a  J. 

do  21  M.,  (gu»r.)  J.aj. 

do  ad  M..  (pref.) 


;9H 


97V 
101 H 


96 
102X 

96)4 
103>, 

to" 


do  2'M.(gr.by  W.  o.)J.aj 

do     6s.  8d  M  ,  (guar.)  J.&  J 

Mar.  a  Cm.  Is,  F.  *  A.,  1592... 

do  2d.M.a  N 

do       8»,3d,J.&J 

Union  HR.,  let  guar..  J   ft  J. 
»         do        Canton  endorsed. 

MIPCKLLANEOUM. 

Baltimore  Gas,  certificates 

People'a  Gas 


WASHINGTON. 

Wash.  Co. S. bonds. 78,'i5.'76,'7- 
Chicago  Relief  biin  a,  1877.  . 

Perm   Imp., 6a, g.  1391 

do  78,  R9!  

Market  Stock  bouda.  Is.  1592. 
Water  Stock  bonds  Is,  1901... 
19,1903.. 
I'und.  Loan  (Coi-g  )  3.65b,  19-24 

Water  Stock  6e  1869 

"    1674 

9  year  Cere.,  7  3-10,  1875  

Ten  year  Bonds,  6s,  1878 

^■nnrl.Loan  (Cong)  6  g,  1892.. 
Fund.  Loan  (Lecl.fs.g,  19('2.. 
Cer  n.of  Slock  (l.='.JS)  56,  at  pleai 
"  "  (I843)6s,  at  pleat 
Ches.  a  O.  st'k  ('47)  68.  at  pleas. 
Board  of  Public  Worke— 
Cera.  Oeu.  Imp.8a.l87i 

('o  1875 

do  1876 

do  1377  

do  1S7B 

do  Series 

Certlflcaies, Sewer,  88,1874-71. 
Water  Certificates,  8s,  1S71.. 

CINCINNATI. 

Cincinnati  5s 

do         6s 

do         Is 

do         1-308 

Cincinnati  South'n  RR.  1.30s  • 
Ham.Co.,Ohto6p.c.  long  bds, 
do         do     1p.c.,lto6yr8 
do         do     Ig  bds,  1  a  7.30f 
Cin.  a  Cov.Bridge  fl'ock,  pref 
do  bonds,  long. 

CIn., Ham.  a  D.,  Ist  M.,  ■.,  80... 

<fo  do       2d  M.,  7, '85... 

do         do      3dM.,9,T7... 

Ctn..  Ilam.a  Ind.lB  guar 

Cln.a  Indiana,  1st  M.,1 

do  do     2d  M.,  7, 1877.. 

Colnm.,a  Xenia,  Ist  M.,  1,  '90, 
Dayton  a  Mlcb.,  1st  M.,1   81.. 

do         do       2dM.,1, '8' 

do  do  SdMyl,  '8n.. 

do  To'do  dep.  bds,  7, '81-'94. 
Dayton  a  West.,  Ist  M.,  IS61. .. 

do         do       Ist  M.,  19(5.. 

do  do       IstM.,  6, 1905. 

Ind.,  CIn.  a  Laf.,  1st  M.,  1 

do  (l.aC)IstM.,1,188f 

Little  Miami,  6, 1883 

CIn, Ham.  a  Dayton  stock.. ,. 
Columbus  a  Xenlastock... 
Dayton  a  Ml  chlgan  stock . . 

do         8  p  c.  st'k  guar 
Little  Miami  stock 


I<OUISVII.I,E. 

Louisville  68, '82  to '81 


do 
do 
do 
do 
do 


08, '97  to '98 

■Watei  6s, '81  to '89. , 


Water  Stock  6s,  '97. 

Wharf  6b 

epecial  tax  6a  of  '89. 
leff.,  Mad.a  I,lstM.(iaM)1,  '81 

do  do    2d  M.,1,, 

do  do    ist  M.,1, 1906.... 

LoulBV.  C.  a  Lex.,  Ist  M.,1,  '91..J 

loul8.aFr'k.,lBtM.,6,'10.'78..l 

do       Lonlsv.Loan,6.'81. 

L.  aNaab.lstM.  (m.a.)  'I, '71.. 

Lou.  Loan  (m. 8.16, '86-'87 

do      (Leb.  Ur.)  6, '86 

lBtM.(Mem.  Br)7,'10-'75. 

lBtM.(Leb.br.ex)7.  '80- '85 

Lou.L'n(Leb.br.ex)6,'98 

^_    Conaol.latM.,  7,1898.,.. 

Jefferson.,  Mad.  a  Ind 

Lonl8v.,Gln.a  Lex., pref 

do            do         common. 
LoulBVllle  a  Nashville 


107X 
:07H 
100 

iiiik 

103 
lOSV 

lii' 

106 

I08S 

103X 


ABk 


1 

12 

29 

80 

4 

7 

41« 

42X 

01 
104 

93'h 

,93'V 

99 

100 

94  V 

94 

95 

97  K 

98 

lOOH 

.... 

lOOS 

103 

19 

HI 

.... 

IIOH 

,06V 

10.  X 

96K 

»i 

n 

■a 

88" 

88X 

101 

25X 

»ii 

«9>1 


do 
do 
do 
do 
do 
do 


«80 
•92 

'103 
•106 
108  >. 
•92 
•101 
•101 
115 
90 
101 
96 
100 
85 
89 
-.8 
1(12 
KlU 
93 
89 
91 
100 
68 
76 
73 
91 
92 
50 
98 
42 
lOI 
97 


ST.  Loris. 

St  LoolB  6b,  Long  Bonds •97!k 

ao      Water6B  gold •  !05}t 

do  do       do   (new)*  1J9 

do  Bridge  Anproaf^h  g.6s.i*106 

do  Renewal  gold  68 "ilOS 

do  Sewer  g.  63  (rtue'91.2-3)'  105 
St.  LouisCo.new  Park  g.  68...I  ... 
do  c'y,  7b.... "ill'4K 


39 

94 
105 
101 
104 

94 
103 
106 
120 

95 
103 

98 
102 

86 

90 

80 
104 
102 

95 

91 

99 

90" 
19 


83X 
89 

esx 


9*X 
13X 

89 


96H 

.,» 
91 

89 


At.a  Pacific  guar,  land  grants 
ilo  2a  M.     ... 

■  And  Intereat. 


Mf  lO,  I0I6J 


THE   CHIW)NICLR 


36 


GENERAL  QUOTATIONS  OP  STOCKS  AND  BONDS  IN   NEW  YORK. 
U.  8.  B0itd*  mnm  mctitt  .BotlrMMt  Am4j  art  fuoud  om  •  fr»t%ou*  pag*.    Priee*  rtprt*ent  ths  v«r  cent  value,  ««fta(<e«r  the  par  mag  be 


IBM.  Alk. 


m.ttme»t. 


CMlbrrlud  Coal  *  In>* 

lIMylaBdOML.... 

PCBBIlrlTSslk  Coal 

.'  MoauutaCaal 

1:  •lir»mt  mmmt't 
t  Stdkanm  PtirMi 
lUtau;  *  Bwq..  IM  lloa4•... 
«D  4«      M     *>    .  •- 

te  do      M     do    

,  Bartf .  *  ■no.  la>  Bod 


-  WX* 

*0<iloti.lMm. 

-ax 


s 

ii' 


L-Mnco  *  anm  tUMm 
do         «•    maofi 


laOrt  *  CUcaBcM  Bort.... 
i.aalslu*  *  Wo.,  l«BL.nar 
■4.U>al«.  Jack.  A  Chic  M  ■ 


lU 


•;■■ 


fix 


MM 
Ml 


■■orriinu. 


kSMTt-. 


Ballsrlllo  *  e.  III.  K.  in  m.  M 

ToL,  Pcoite  *  Viruir,  E.  D.. . 

40  do       W.  D.. 

■o  do  Bar.  DlT. 

do  do  Mmort.. 

do  do  coMoLn 

TOL  *  Wtttth,  in  m.  extend. 

do  do       1um.8tX.dlT 

do  do       Mmort. 

do  do       Mialpml  bdt. 

do  do       000.  conrerC. 

Rualb*]  *  Kaplm,  Ut  sm 
OtaM  Waatem,  in  mort.. 

do  3d  morCI . 

OatBrj  *  Tokdo.  IM  mmu  UN 
nUDola  A  Bo.  lava.  IM  mort.^. 
Lafajralte.  BTb  *  Mlw.,  tit  a. 
Has.  *  Ccatral  MiMonri.  IM  n. 
FaklBjjBeoln*  iv^ator.lum 
Cla,taf0c(tc  *  (.'hlc.  In  m 
Dal.  *  BailroB  Canal,  IM  m^  « 
do  do  IW 

J  do  do  IfTi 

Lou  Ulaad  BR.,  l<t  mort. . . 
I  I  NirtTllli!  •  Dacaior.  In  m.  t 
. .  jeoork  Kid«,  u  I.,  in  m.  bond.. 
;  INK  'Wcatvn  I'alonTel.,  tnm.li, 
HlB««>llaaa*aa  Llat. 
ttrottn'  0»ataUem».'> 
'Rovhmtrr  aty  w«t»r 
AtcbMooAP.  raak.i 
AUtBlle  *  ractdc  L.  ^      . 
Alcklaoa  *  Scbnaka.  •  p. 
Mo.  BIT  ..nock.... 
do       Laodai.'- 
do       M8..d«  ' 
do  4i        ld%.d<. 

B  do        4UiK.d.     ' 

do  do       lUia.,doai.. 

do  do       tUS,do»i. 

do  do     CranoaBnaeli 

do  Cbarttoa  Bnaak 
C.R.AM.  (M.dlT.),*.*. 
'  ralloaJuT>,toia,... 

-oatkara  IM  la,  (ol2 

!«^  1*.  (OM,  COBT. 


V 


sccrBiTin. 


Bid. 


n    |lp«>rla,PrklB*  J.inmort.. 


'ifSS 


Ids 

to 
u 

lU 


AdjiaatilM 


Bur.>i«  .... 

na  *  llaa.  •• 

<  B.  VaUrjki 

•raao  la.... 

'UtdTraak... 

*  Mlaa.li.. 

ilaaal»alB.I>.. 


Snkil>>;t,  ckJoao*  Io«aB.la.. 


A  U.  M  m.  av 
V.  U>':«,*|r 


IM 
_     »d 
'MO,  C*  Dak. 
T^.  toolk.  M  o 


■  nor* 


dlT.,l>>Bi., 

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'attv'Mitni.'-l  S   It! 


»M.Ula.|B  « 


CaMial  Oaaula  lat  lort.  IL.. 
do  eaMol.B.n. 

MaOel.*iL^JLiki: 


S     i 


na*  Kock  1.7a.  gold  . 

rt  Boron  A  L.  M.  Ts,  gid,  end 

I       do  do    Ti.  gold... 

IPnllman  Palace  Car  Co.  noek. 

do        Ml,  8a.  4lh  •rrlei 

Rorkf -d,  R.  I.  A  St.  L.  in  :•,  (Id 

Seuic*  WalertowDli 

BoBdoat  *  Oswacp  '•.(old... 

dlonx  Cltr  »  Paollc  «• 

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do  7» •    . 

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do         do  *P-j; 

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STuiaiiC  VaadaUa  *  T.  H.  lat. 
do  do  9!>,(iiar. 

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M.l..*  I.Ml.  .Ark.Br.l7a,(. 
Soathem  CenCfal  of  N.  V.  7a... 

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I'nion  Parlllc,  So.  braach,  la,  ( 

WalkIM  Valley  ItlTa.goM 

Weal  Wliroulo  7>,  (old 

WlKonaIn  Valley  W       

Soatbern  Soenrltloo. 

BnUn'  (fuotaitcn:, 

riTtaa. 

iTexaa  State  ••  

do        Ta.gold 

>         do      Ma.oriDM 

Mlaaia,  Oa.,  7a 

do       U 

Mi(«ala,0*.,ia.boDda 

.  «-lr«IoB  norfi  ta .  a ........ . 

■..n.8rc.,7i,r.  L.bda. 

v.S.C.ia 

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-^  £m         

li 

iida,«a 

.nd«.ta 


N..<irUla<*,oU 

do        ••,BaV 

srwOrlaaoaM..... 

do  cooaol.  la  ..  . 

do  kaada,7a. 

do  |oM7a.4aattariT 

do  MB. 

do  to  Tallraada,ti 

.orfolkia 

tenboroCa 

.  •'hmooa  <a  

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do        7*.  B«w 

A  iUiilngtoB,  K.  C.,ti,aoM.,.. 
do  do     ••.(Old... 

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vilaBUeAOoV.cooaol ^. 

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77    i» 
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100 
K 

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A  aaaaoaak  «(,  a 


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do         M7«.. 


AUMIaaoaklllB. 


do  itock., 

Aa  4o   aartlTBta 

B.  OfliBoi  A;0pa>0Mu_inBi.  k 

SorMk  A  rountNaailMB.'»i 

,„  do         Mm.A 

|t«c«MaMara.A.C..UlBi.»>.. 

4o  la  nt .  n. . . 

Oraaco  A  AlanaMa.  lau,  «a- 

Z  »o  tit.  tl. 

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Mon'd  A  Pet<;rab)|  IM  a.  1>. 

BkA..  rr«'kab-(  A  Polo.  da.  .^ 

t        do  dueooT.7* 

Rlcb.  A  DaoT.  Ipt  conaol 

SeBIfcalde.Va.,inni.M.. 

do  M  ra.,  (oar.  ••. 

M  oi.a 

Mhu.aa 

,  Oa.UlB. 
S.  CkfOlba  KB.  IM  B.  la.  Mw 

•tock.;:!;i!!! 

W«t  Alabama  ta.doar 

PABr  ova  outrpoaa. 

iTanaaaa  State  coapona 

ma^Bia  eoapoo^ 

'     Ae      mnaol.  eonp 

'  CItTeoupoaa. 


a 

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36 


THE   CHRONICLE 


[July  10,  J  875 


NEW  YORK  LOCAL  SKOURCTEES. 


Inak  Stoek  List. 


CoaPADICB. 


Uarkad  thui  (■)  an 
notKktlouu. 


AmerlcA* 

Amerlcwi  Kzcbuige 

Bowery 

Broadway  .... 

Ball-i  H«ad« 

Bulcbara  *  Droren . . 

Central 

Cbathani 

Chemical , 

Cltueni' 

City ., 

Oommeroe 

CoDtloenlal^ 

Com  Kxoliaiuie*... 

Carrencv 

DryOoorti* 

BaatRlTer 

Blerenth  Ward*.., 

Klflh 

Pint. 

Ponrth  

Pnlton 

Oallatln 

(lernmn  American*.. 
Oennaii  ExcbaOKe*... 

Oe.'nianla' 

Greenwich* 

Gran  1  Central' 

(trocers* 

Hanover 

Harlem* 

I  mportcrs'  ft  Traders*. 

irvinir 

l»:andniy 

Ijuatlier  .Manafacin*... 

Loaner*'*       

Hanufctrera'ft  Dnlld.* 

Manhattan* 

Maanl.  «  Merchautt*. 

Marine 

Market 

Mechanlcii  

Mecb.  BkK  Asso*tlon.. 
Mechanics  A  Traders.. 

Mercantile 

Merchants 

Merchants' Ex 

Metropolis*  

Metrspolltan 

Mnrrsy  Hill*  

Nassau* 

New  rorlc 

New  York  County 

N  T.Nat. Exchange.. 
(I  r.  Gold  Kichimge* 

Ninth "... 

North  America* 

North  lilver* 

Oriental* 

I'aclllc* 

rark 

Peoples* 

fhenlx 

Produce' 

Kenubllc 

St.  Nicholas 

Seventh  Ward 

Second 

Shoe  and  Leather 

sixth  

Stale  of  New  York.... 

Tenth 

I'hlrd 

Tradesmen's 

Union 

West  side* 


CariTai.. 


s/no.opo 


Par  Amount. 


990,W0 
1,000^10 

mfioo 
auMHO 

«u,(no 
aw,ui» 
«o.(xir 

IWO,(IUO 
lO/KW.OOU 

I>XI,0(XI 

i,c«;u)U 

IW.IX)U 

i,goo,wxi 

aiso,ouii 

■MlfiOO 

iio.wr 

SOllCOlJ 
8.000.(100 

•OOJWO 
1  900,000 
(000.000 

^IH),UII0 
aoc,ooo 

JW.OOO 
100.UXI 

sua,wo 
1  oot'.ooo 

100,000 

1.500^1 

500.000 

10l>,0(0 

wo.oou 

i!<Ofi»> 
2.060,000 

aoo.ooo 

MO.OOO 
|,U».OOC 
8,000,000 

900,000 

too.ooo 

l,OOOMO 
3.C00.0(» 
l.OOO.OOG 

500,000 
4.UO0.0OO 

21X1,000 
1,000  JWO 

3,oai.t«o 
aoo.ooo 

SOO.IHX) 
500.000 

ijoo.ao 

1,000,000 
lOO.OO! 
8U0,I1UU 
4«,70(l 

2,000,000 

4:2,!snu 

1300.000 

99C,0n0 

!!,000,OUO 

1,000,000 

300,000 

300,000 

1,000,000 

200.000 

!i  ,000,000 

1,000.000 

i.noo,ooo 

l,000,OOn 

l,600,noo 

800,0001 


Periods,    inn 


J.*  J. 

M.*N. 

J.*  J. 

J.AJ. 

<J-J. 

J.*  J. 
J.*J. 

eT.2mos 

J.*J. 

Q-F. 
.K*  J. 

J.*  J. 

K.ftA. 

J.  ft  J. 

J.  A  J. 

J.  ft  J. 
J.  ft  J, 

J.ftJ. 

M.ftN. 

A.ftO. 
F.ftA. 
M.ftK. 
M.ftN. 
M.&N. 
M.ftN. 

J.ftJ. 
.l.ft  J. 

M.ftS. 

J.ftJ. 
J.ftJ. 

JVft  j! 

K.ftA. 

J.ftJ. 

F.ftA. 
J.ftJ. 
J.ftJ. 
J.ftJ. 
J.ftJ. 
M.ftN. 
M.ftN. 
M.ftN. 
J.ftJ. 
J.ftJ. 
J.ftJ. 
J.ftJ. 
A.ftO. 
M.ftN. 
J.ftJ. 
J.ftJ. 
J.ftJ. 
J.ftJ. 
J.ftJ. 
J.ftJ. 
J.ftJ. 
J.ftJ. 
(i-F. 
J.ftJ. 
J.ftJ. 
J.ftJ. 

F.&A. 
F.ftA. 
J.ftJ. 
J.ftJ. 
J.ftJ. 
J.ftJ. 
M.ftN. 
J.ftJ. 
J.ftJ. 
J.ftJ. 
M.ftN. 
J.ftJ. 


7 
II 
14 

8 
112-3 
8 
3 
7 
10 


12 

12 

7 

»X 

10 

9 

10 

10 

4 

:j 

:i 

111 

III 

10 

M) 

8 

7« 

10 

10 

10 

» 

8 

« 

II 

< 

8 

10 

HI 

4 

Ij 

12 
12 

n 

12 

III 

10 

3H 

3 

8 

H 

8 

8 

t 

» 

111 

\i 

12 

12 

« 

y 

8 

10 
10 

s 


Last  Paid. 


July^-TB...! 
May  1,'75...4 
July  1,  "IS..* 
July  I,  75.. 12 
Mch.l,  "TS..: 
Jalyl,'75...» 
Jnly  1,13..  .4 
Juiyl,"7S...5 
M.y  ;,  •7J.15 
July  1,  "75... 4 
May  !,  '75. .  .5 
■Julys,  75.,^ 
July  •."75.. .4 
Feb.  I,  "75.. .5 
July  1,  '74, 
JulvlO,75. 
Ja  y  I, '75.. .4 
July  1,  T5.3H 
Jnly  1.75.2H 
Ja  ..  2.  75  - 
July  1,  •75. 
May  l,'75.,-5 
Apl  10,-15.. 4 
Fcb.l,  •74...r 
Mayl,'74...' 
May,  l.-R...! 
May  1,'75..1U 


Ju'yl,  •75...5 
Jnly  1, '75..  4 
Met..  1, '75.. 4 
Jnly  1, '75... 7 
July  1,  "75..; 5 

..'uIy'i!T!!'.'.!6 
Feb.12,"74.»S 
J«'.10,'75...1 
Feb.  UI.-5..5 
Julyl,'75..3H 
July  1,  "75... 5 
July  1,'75...4 
July!. '75  ..5 
May  1,"75....3 
M»y  i.'75.  ..5 
May  1, '75..  .4 
July  1,  "75... 4 
July  1.'75...4 
Julyl,'75  3X 
Jnly  «,  "75. .  .5 
Apf  i.TS.  .4 
May  li. "IS.. 4 
Julyl,"!5...6 
Jan.  2,"7S...7 
JuIyl,"75.SS 
May,  "73... 5 
Jan.  2.  "75...  4 
Jnly  1,'7S  ..4 
July  1,  '74.SK 
July  1. 15... « 
Mayl  75... 3 
July  1,75.. .6 
)  lyl.'75...5 
Jnly  1,75.3X 
Julyl8,'74..?X 
Feb.  8,  '75.  4 
F-l).  8.  75.. 4 
Jai.  2. *75...3 
July  1.  '73... 7 
Ju  y  1,75.. .6 
Jan. 2,  75..  ,4 
>  ay  10, "75..  4 
Jan.274.2Xg 
July  1,75-.  4 
July  1. 75... 5 
M.y  1,75... 5 
Jiilyl.'75...4l 


r>i<n. 


Bid.    Askd 


Insurance  Stock  liist. 

(Quotations  by  K,  8.  Bailbt,  broker,  «5  Wall  street.) 


ISO 
96 

i,m 

300' 
121 
100 
1S3H 


110 
120 


108 
122 

lOlH 


;32X 


lOO 


122 

iio" 


lOl). 

■94" 


Ga*   and  City  R.R.  Slocks  an<l  Bonds. 

Quotations  by  Charles  Otis.  Broker,  47  Exchange  Place.! 


Gas  Compaxiis. 


Brooklyn  Gat  Light  Co 

Citizens' Gaa  Co  (Bklyn 

do  certiUcates 

Harlem 

Jersey  City  ft  Uobokeu '. 

Manhattan 

tropolltan 

do         certiflcates 

do         b  njs 

Mutual.K.  y 

Nassau.  Brooklyn 

do  scrip 

New  York 

People's  (Brooklyn) 

do  do       bonds 

Westchester  County 

Certificates 

Bonds    

Williamsburg 

do  s^'-'n 


Par(Amount.  Periods 


Bleectcr  ai.it  /•'ii«on.f>rr(/— stock 


25^  2,000,000 
20  1,200,000 
...  SOO.OIX) 
60  1,8.'*,000 
20:  S8«,00O 
4,000,000 
1,100,000 
1.000,000 
900,000 
5  000,000 
1,000.000 
5(10.000 

4,000,000 
1,000,000 

300,000 
4<6.000 
53,000 
21,1100 
1,000,000 
1,000,000 


50 


50 


A.ftO. 
F.&A. 
J.ftJ. 
J.ftJ. 
M.&8. 
M.ftS 
J.ftJ. 


M.ftN. 

Q-F. 

»r.&s. 

F.&A. 


J.  ft  J. 
J.ftJ. 
J.ftJ. 


Last       Bid. 
X    (llTldend 


April,  '75 
July,  7S 
Oct.,  "74. 
Fell.,  '75. 
Jnly.  '75. 
Jul»,  '75. 
Men.  9,  75 


July.    '75 
July, '75 


May     75, 
July,    75 


Jnly,  '75. 
5'    July,'  '75 


245 
lOiJi 


iBt  mortgagL 

nroadtoay  i  Seventh  wloe— stock 

1st  mortgage 

Brookti/n  CUy— stock 


lOU 
lOOO 

100 
lOOC 

;o 

1009 
100 
■.00 
.  1000 
1(10 
1000 
1000 


1st  mortgage. 

Uroadieai/  (SrooK;^n)— stock... 
Brootlt/n  <t  iruRMr's  A— stock. 

1st  mortgage  bonds 

central  n,  jv.  ct  E.  ^eer-stock 

'St  mortgage 

M       Ao        

Christopher  <t  Tenth  Street— ttwi 
'J-'nta Mnml  A  Broofn—iel  mon  1000 
Itrii  Dock,  B.  B.  *  Batteri/— Hock    100 

1st  mortgage,  cons'd 

ttahth  <4v0nti«— stock '    100 

1st  mortficage 1000 

12(4  St.  (t  Orana  St  /erry— stock..    100 

IstmortGTage j(jOO 

C«n4ral  OOM  2oiOTi-stock. 

1st  mortgage 

ytnth  Avenue— itocit 100 

..'"'mortgage ,  '.■  lOOO 

Aecona  Avenue — stook     50 

1st  mortgage "'  ]0(M) 

2amortga4re \  10. 0 

3d  morigaire lOeo 

C;!Ss.  Convertible 1000 

Ml jti h  Aven<us- etock '    too 

latmortKaga '  looo 

Ihird  iine.HMe— stock 100 

Mt  niortirage '  1000 

7>«n<^-(Mrd^<4rM(-atocK 100 

"■'"'•"'4'" uno 


TE» 


900,000 

684,000 

2,100,000 

1,000,000 

2,000,000 

300,000 

200,000 

400,000 

800,000 

1,161,000 

550.000 

•00,000 

650.000 

807,000 

1,200,000 

900JI00 

1,000,000 

203,000 

750,000 

220,000 

5«O,O0O 

300,000 

797,000 

167,000 

1,1 '99,500 

390,000 

200,000 

150,000 

S9»,f00 

75O,00C 

2.'iO,000 

2,000,(100 

2,000,000 

600,000 

130.000  I 


100 

Ksa 

102  H 
157 

95 

98 
100 


139 

102H 


250 
155 


131 
170 


J.ftJ. 
J.ftJ. 
J.&D. 
Q-F. 
J.ftJ. 
J.ftJ. 


J.ftJ. 


F.ftA, 
M.ftN. 


J.ftJ. 
Q-F. 
J.ftD 
J.ftJ. 
J.ftJ. 
M.ftN. 
A.ftO. 


J.  *>r. 

Q.-F. 
7.ftD. 
F.ftA. 
A.ftO. 
M.ftN. 
M.ftN. 
J.ftJ. 
Q-F. 
J.ftJ. 
J  ft  J. 
M.ftN. 


1880 
July,  75 

idg4 

May. "15 

ife! 
July,  75 

"i838"' 

'  iss'i'  ■ 

1890 

"iw  " 

May,  '75 
Jnly.'75 


187< 
1885 


69 
92X 

ioo' 

160 
<3 

85 


92X 
159 
100 
IOO 


Mny.-S 

im 

May,   •79!  145 

1890       

July,"75       9« 


200 
iii 


190 
102 


72)4 


cojun.i,  luowB  laat  dlrldend  un  ttoctt,  bIm  data  crfauatnrttr  of  txmdT' 


100 
69 
75 


80 

100 
100 


100 

ioo" 

100 
100 


COXTAXIXS. 


Adriatic 

J&mtL 

American 

American  Excta'e.. 

Amity 

Arctic 

Atlantic 

Bowery 

Brewers'  ft  Mlst'rs 

Broaiway 

Brooklyn 

Citizens' 

City 

Clinton 

Columbia 

Commerce  Fire. 
Commercial  .... 

Continental 

Kagle  

Empire  City 

Emporium 

Kxcliange 

Farragut 

Firemen's  

Firemen's  Fund. 
Firemen's  Trust 

Gebhard 

German-American 

Germanla 

Globe 

Greenwich 

Guardian 

Hamilton 

Hanover 

Hofitnan 

Home 

Hope 

Howard 

Importers'ft  Trad, 

Irvl'.g 

Jefferson 

Kings  Co.  (B'klyn) 
Knickerbocker...  . 
Lafayette  (B'klyn) 

Lamar..    | 

Lenox ^. 

Long  lBland(Bkly.) 

LorlTlard    

Manut'ft  Builders'. 

Mauhattai 

Mech.&Trad'rs' — 
Me<-lianlc8'(Bklyu) 

MorcHntlle 

Merchants'  

Metropolitan 

Montauk  (B'klyn  1. 
NaSHHU  (H'klyri).. 

National 

N.  y.  Equitable.... 
New  York  Fire  ... 
N.  Y.  ft  ionkers.. 

NIairara 

NoHh  River 

Pacific 

Park  

Peter  Cooper.  .  ... 

People's 

Ptienlx  (R'klrnl  .. 
Produce  Exchange 

Belief 

Republic 

Kidgewood 

Resolute 

Rutgers' 

Safeguard 

St.  Nicholas 

standard 

Star 

Sterling 

Stuvvesant 

Tradesmen's 

nnited  States 

■Westchester 

WllllamsbnreClty. 


Par  Amount 


25 
100 
50 
100 
100 
'20 
50 
'25 
100 
25 
17 
20 
70 

:oo 

30 
100 

50 
100 

40 
100 

100 

3I> 
50 
17 
10 
10 

too 

100 
50 
SO 
25 

100 
:5 
50 
50 

100 
25 
50 
HO 

M' 
30 
20 
40 
50 

100 
25 
50 
25 

100 

100 
25 
50 
50 
50 
SO 
50 
50 

«^ 
100 
100 
50 
■25 
25 
100 
20 
20 
50 
lim 
50 
100 
100 
100 
25 
100 
25 
60 
100 
100 
25 
25 
25 
10: 
.■iO 


200.000 
200,000 
400jOOO 
200,000 
2(10,000 
200,000 
200,000 
8(0,000 
200,000 
200,000 
153,000 
800,000 
210,000 
250,000 
300,000 
200,000 
200,000 

1,000,000 
300,000 
200,000 
•200,000 
200,000 
200,1100 
204,000 
150,000 
150,000 
200,000 

l.WXl.OOO 
500,000 
2011,000 
200,000 
200,000 
1.50,000 
.■^00,000 
■200,000 

8,(00,000 
150,000 
.'00.000 
20(1,000 
■200,000 
200,010 
150,000 
280,000 
1.511,000 
200,000 
15(1,000 
200.0(10 
300,000 
200.0011 
'iiO.OOd 
■200,000 
150.000 
200,000 
200.000 
300,000 
200,000 
■200,000 
'200.000 
210,000 
■200,000 
200,000 
500.000 
350,000 
200,000 
200,000 
150,000 
1.50,000 

1,000,000 
S0ii,rai 
200,000 
300,000 
■200,('(iO 
200,000 
2(10.000 
200,000 
'.50,000 
200,000 
200,000 
■200.000 
200.000 
150.(100 
2511.000 
■2.i0,D00 
■'SU.Ofln 


Pbiob. 


22,: -.7 

i;4.339 

244,663 

68,766 

5,0i« 

15,4S6 

106,6:16 

390,375 

7,721 

260.575 

210.41; 

212.373 

209.894 

1^6,9(7 

4S,737 

27,478 

123,679 

sce.coi 

4;4,(l(9 

119,558 

26,2  6 

92,615 

94,133 

100,654 

31,306 

9J,94B 

19,937 

9'«,.559 

;51 

116.672 

325,221 

13,W»7 

125,796 

t329,l;97 

90.663 

t885,281 

23,741 

I43.1fi2 

77.712 

14.861 

136.M  1 

174,612 

811,264 

121,317 

83,445 

79..363 

169,447 

6;,-23(i 

115.712 

187.759 

315,753 

122.479 

.Vl,0(i8 

151,863 

36,755 

ia!,476 

234.814 

96,6)8 

31 0,985 

196,0I'I 

20,529 

426,524 

1^2o,6('0 

850,139 

165,216 

211,514 

132,708 

536,222 

12,;  00 

43,051 

101,(102 

58,877 

30,441 

191,749 

90,597 

61,403 

121.506 

78,9K0 

71,077 

165,369 

1,53,!I66 

246,823 

tl62.^60 

'^56.690 


»  Overall  liabilities,  Includlne  re-Insurance,  capital  und  profit  scrli. 
tStock  dividends  of  25  per  cent  by  the  Hanover  and  Westchester,  and  2J  per  cen 
by  the  Home,  have  since  been  declared  out  of  above  net  surplus. 

City  Secnrities. 

[Quotations  by  DAStnL  A.  Morak.  Broker,  40  Wall  Street.] 


yea  rork: 

Water  stock 1841 -*3 

do        1854-57, 

Croton  waterstock.  .1845-51, 

do  do       ..1852-60. 

Croton  Aqued'ct  stock. 1865. 

do       pipes  and  mains 

do       reservoir  bonds 

Central  Park  bonds.  .1853-57 
do         do         ..1853-65 

Dock  bonds 1852 

do        1870. 

Floating  debt  stock. . . .  i860. 

Market  stock 1865-68 

Soldiers' aid  fund 1863 

do  do      1863 

Improvement  stock....  1869 
do  (.0     ....1869. 

Consolidated  bonds var. 

Street  imp.  stock' var. 

do  do        var. 

Jersey  Citv: 

Waterloan 18.52-67. 

do        ..      1869-71 

Sewerage  bondi 1866-«9. 

IJergen  bonds 1868-69. 

Assessment  bonds...  1870-71. 

[Quotations  by  N.  T.  BsxBS, 
«rootl!/n- Local  Improvem't 

City  bonds 

do         

Park  bonds 

Water  loan  bondis 

Brldfrebonds 

Waterloan 

City  bonds 

Kings  Co,  bonds 

do         do    

All  Brooklyn  bonds  flat. 


Rate.       Months  Payable. 


Feb.,  .May  Aug,&  Nov 
do  do 

do  do 

do  do 

do  do 

Way  &  >'ovember. 

Feb., May  Aug.ft Nov 

do  do 

do  do 

do  do 

May  ft  November. 

Feb.,May,  Aug.ft  Nov 
May  &  Novcnher. 
do  d{ 

do  do 

do  do 

do  do 

do  do 

do    ,         do 
do  do 


January  ft  July, 
do  do 

do  do 

do  do 

May,  Jnly  ft  Nor. 


BondBdue. 


Jan 


Broker,  2s  Wall  st,] 

January  ft  July, 
do  do 

do  do 

do  do 

do  do 

do  do 

do  do 

May  ft  November, 
do  do 


1875-80 
1875-79 

1890 
188S-90 
1884-1911 
1884-1900 
1907-11 
1874-98 
1874-95 

1876 

1901 

1878 
1894-97 
1873-75 

1876 
-1889 
1879-») 

1901 

1888 
1879-82 

1877- 
1899-1902 

1372-79 
1674-1900 

1875-91 


1875-80 
1881-95 
1915-24 

1903 

1919 
1902-lSlflS 
1881-05 
188(MS3 
1973-80 


Bid.    Ask 


101 

90 
1111 
101 
'.09 
101 

9,1 
100 

97 
108 
101 
107 
1(0 

•:oi 

101 
1(MH 
107 
101 
•103 

95 
10! 
102 

102 


101 

104 

108 

lOi 

107M 

lOl 

ll'lJi 

105 

102 


94 
lOlH 

91 

101 S 
101  )i 
110 
102 

91 
lOlS 

98 
110 
102 
llf 
10 
10 
lOi 
108 

lie 

102 
106 

98 
106 
102 

m% 

101 


102>, 

106 
10?  14 
110 

lO^S 

102^ 

103 

106 

104 


Jnlj  10  1875] 


THE   CHRONICLE 


37 


JntJtBtmentB 

AMD 

STATE.  CITY  AND  COBPORATION  FINANCES. 


The  ••  lnT«rto«"B«p|>l«i»«ot"  top«blUhed  TonaUrly  on  the  l«»t 
Salarday  of  aaok  iMatk.  mad  tunUk»d  to  aU  ragoUr  rabneribers 
ol  tb«  CHVOmCLB. 


ANNUAL    REPORTS. 

Allcckeay   ItMtj. 
{nr  tkt  w»ar  titdtd  Dtcembtr  81,  1874.) 

la  eaaawjaaace  of  the  deUy  lo  iwaloi;  the  offleUl  report  of  this 
ceaip«DT,  wa  uik*  the  followiog  fioa  the  ooodt— d  raport  gir«a 
is  the  Baiirtai  OattU  : 

Thia  eoApaar  opanlaa  KB  mlla*  of  road,  iaeladiofr  the  Low 
tttada  DlTlaiea  aad  Nioo  Branch,  wkieh  hara  be«a  operalad  ouljr 
aUea  Umj  1. 1874  It  ia  aUimrd  ihM  the  81I||d  Braaeh  was  baiU 
bj  tba  lata  Praaideol  withoat  aatkariiy.  aad  tba  praaaat  maaaga- 
menl  haa  declloed  to  rMofalaa  It  a*  thn  profenf  of  Um  mmfaj. 
It  baa.  however,  baea  operated  oa  certain  partlaa  gaaiawaaliig 
the  eompaa/  aKainat  loaa. 

The  eompaay  alao  werka  the  BdUo  Oarry  *  Piiubar^h  BomI. 
from  Carry,  Pa., to  Broeloa.  N.  T..  48  mllaa,  tha  aaralaga  of  whiah 
are  alatad  arparaielT.  Fnia  road  wapaifhaairt  at  fotaalanara  aaU 
by  the  late  PrasideM,  Oil.  PhiUlpa,  io  hia  ova  mum.  aod  then 
Maed  to  thia  eompany  fer  999  yous.  Ne<r  arthelcw.  the  eooipany 
paid  nut  of  liaewa  Inada |8I7.000  pwchaan  money.  beaid««  theaam 
>f  MIKMI  94, anbaaqaentlr.  tor  tMroreineata.  Thara  UaUlt  doe 
no  the  parehaaa  money  1 133.094  W.  with  Interaat.  aaenral  by  a 
moftfaga  a*  tb«  prapeity.  The  boatd  waa  la  ao«a  doabt  whathar 


mM  ba  tagally  Md  for  tka  pnya 


■t  of 

ba 


bM  aa  tha  lun  aaMwat  aliaady  paid  eoold  not 

ad  aa  tha  roaa  waa  of  ladliaal  raloa  a*  iormlBB  a  eoai 


•tad,  aad 

tloa   with . 

Bara»y.  tmaiae.  boidtaf  the  aoua^  aa  oSrr  of  aaaautomlaa. 

"  "      iaeoaa 


board  tboan^ht  )t  beat  to  laaha  Mr. 
~ia  aoua^  aa  oSrr  of  aaa 
with  AU«f  beny  Vallay 


H. 
Tha 


offer  waa.  to  pay  tba .       . 

with  aa  afiauaiaat  is  apply  tha  net  aaralaca  ol  the  Boflalo 
Corry  ft  PiKabwgh  lo  tha  ladamptloo  of  tha  boadi^  aad  to  foat- 
aaioa  tha  aa(  aaiali**  lo  tha  aoMMt  of  94.W  par  mooth.  Thia 
oAir  hiM  baa«  ntammtmlfii  by  Mr.  Barney  to  tha  court  havlnc 
jatfadieti^  ovar  tha  iMMat  for  ita  approTaL  Tha  admlnistrntorj 
of  t'M  Mtete  of  Col.  PhlUlpa  have  eipiimiii  a  wtltlajrnrai  lo 
eoavey  tha  ra«l  lo  thia  oompaay  wheaarw  thay  ean  thereby  ba 
■•liaiTed  fl««  all  larthar  liability,  wbleb  eaa  ba  doaa  If  tha  pro 
wriaa  la  aftaad.     It  la  tbaa  propoMd  toorraais*  a 

nr  nninair  lo  ova  tha  road,  aU  iha  Moeh  ai  whIah  will  beloac 
IO  the  AlUJhaay  Tallay. 

Tha  aaanaay  holda  4IjOOO  ahaiaa  of  OQ  Cle«k  ft  AllMhaay 
Bivar  Moah.  boacht  froM  the  Pblladelahta  ft  Erie  la  IfOi,  at 
|>7.a»  par  ahain.  Thia  aiocfc  waa  flaally  aaulad  for  ia  M/>reh. 
1874.  by  the  Iwaa  of  laenwa  boada  tar  tba  aMoaat  «f  iha  parehaaa 


ay  aad  lalaraai  daa  aad  aapaid  tharvoa. 
Tha  8aaaeial  eeadiUoa  at  tba  aiana  of  tha  jraar  ' 


I  aa  foUowa : 

..9»,mjmm 

Kjmm 

tmm 

..  Amfmm 

..  tSmamm 


la^MttT 


MIf? 


ideM.  wbtflh 


Total . 

The  floaUac  debt  tadadaa  VtMlflMtO  aaapaadad 
la  to  be  foadcd  la  laaowe  boada  aader  tha  aftwaw  lat  with  tha 
creditor*,   aad   |a87.7»  87  aaeraad   lalaraM.  tha  telaaoe  bainc 
earraat  aeaoanu  aad  bllla  paraMa.    Tha  aaau  la  eaah  aad  aTail- 
abla  aceaaata  a'anaat  lo  |488,TC8  SO 
Thaaoatof  ibaLowOradaOlaMoalaNfanadaafotlowa:  • 

Caakan* 8UBi.aa  M 

MMMIT  •! 


(tUiWtl  M 

Tha  archiaiv  of  tba  Saamlt  Taoael.  1JS7  faat  In  laactb.  ia 
oaly  partly  flalabad  aad  will  have  tn  ba  eotplalad  dartac  Ui« 
earraat  year  at  aa  aaitaaiad  ooa*  o(  flOO/MKL  The  w  irk  oa  thia 
Low  Orada  Dirlaio*  to  asaaadlacly  aolld  aad  daiabU.  aad  aaab 
of  h.  la  tha  optaioa  of  tha  ptaaaai  aaaaaaaaat,  haa  baaa  aa- 
rtljr  aspaartva,  Tha  lapatt  aaya :  "  Par  aotaa  aaosplalaad 
iha  8saaflial  tiaaaafllhiaa  pertalalaf  to  tba  aaM  of  aoo. 
I  ol  taa  Unt  Chada  DiaWaa  (or  Baaaatt'a  Braaah),  laalad 
lac  *ho  Mlaa  of  aearly  laa  mlllloas  of  boada  aad  aasoUattoan  ol 
aaiaial  baadrad  thoaaand  doliara  ol  bUla  paynMa,  war*  aot 
allowad  by  tba  lata  Preoidant  lo  ba  aataiad  oa  tha  booka  o(  tb« 
aoapaay,  aad  maay  or  tb"  traaaaetioaa  w«aa  not  a  matter  of 
•aaord  la  aay  form,  thoa  loTolalaK  grant  dlScaltr  la  proeorlnjt 
Iha  lafcrmalloo  aaaaoaary  to  make  thes  affaar  properly  in  the 
aanaaia  of  the  aompaay." 

fbt  Iha  year  m  .Inc  Docmbar  SI  ia  1878  aad  1874  tba  eamlaga 
of  tha  road  were  aa  (otiowa : 

in«.  MA  li 

.tijm^mtt   tt.imjmm       ..  .. 
.     a«,'.a»M       9si.«!«» 

il.tll  M    tuMn 

viw  ■       m  ■ 
)ti 


JMUtt  mniuft 


»TI 

I* 


•.■:wM 

■MT.TW  SI 
«ll.l«  <l 


•I 


1874.  im.  Ineraate.    Decreate. 

Oro«a  earalns*  per  mUe..        lano  8S  19.4M  S9  MtS  T» 

IletMmliKtpwmUa....  4.1M  n  S,SOS  M  l.Slt  0* 

PvMOtot  expetue*  ...  US  7:  «3  10  06 

The  working  expeoaaa  inclade  general  expensea,  which  were 
$90,145  mo  1874  agalaat  1111,383  84  io  UT.i  The  earainga 
for  1873  were  only  from  the  Main  Line  aod  Plum  Cr»«k  Branch  ; 
in  1874  tlie  Low  (irade  Divisioa  and  t^l>g<^  Branch  are  included 
from  May  1,  although,  owioi;  to  difficulties  with  the  lalMrers 
employed  in  ooastruciion,  they  were  not  (airly  opsoed  aotil  June. 
The  earnings  per  mile  of  the  Main  Line  sbow  a  decrease  of  31  9 
per  cent. 

The  eamians  and  expenaas  ware  dirided  aa  follows  in  1874  : 

Net  Barn.      Pr.  et. 

Karnlsa*  Sxpaosaa.         Karaliifa.     pr  mile.  Kzp's. 

MalaLlne t«.l07.A  U     $  1 .«».«(  «     tW.TU  n     tl&.l«l     Sl.Ol 

LowOrsdeDlT...      IH,0t6U  »<S,0«  S»         9t.«7  M  8.M5      «8.«8 

Total .(MM^miO     <I.470,7M73      tn«,«m  tt     910.911      n.»S 

The  mileage  here  la  areraged  for  the  year  in  ealculati/ig  the 
earnings  per  mile.  Tha  operating  expensea  per  train  mile  for 
the  Main  Line  were  |0.9M  ia  1874  against  $1,095  in  1873 ;  for 
the  Ixiw  Qrade  DiTisiott  they  were,  in  1874,  $U.9I.  Coal  ami  oil 
ai«  known  to  exist  in  larite  quaatities  near  the  line  of  the  Low 
Orade  Division,  and  will  io  lime,  it  is  thought,  supply  a  large 
local  traffic  to  that  Una.  Tlie  expecution  af'  a  large  through 
traffic  haa  not  as  yet  been  realised. 

The  daerease  in  eamlafa  bsa  reanlted  from  the  general  deprea- 
aion  nf  buaineas  which  haa  prevailed  during  the  year  1874,  and 
which  haa  been  moat  aererely  (elt  by  the  iron,  onal  and  oil 
Intereata.  upon  which  tha  road  is  largeW  dependent  for  traffic, 
wber'-by  there  has  been  aot  only  a  great  decreaae  in  the  Toluma  of 
traffic,  or  of  tons  and  passim x-rr  morad.  bat  It  has  also  compelled 
a  general  redaction  in  tba  ralea  of  transportation  This  reduction 
haa  been  met  br  a  redaoltoo  in  expenses,  which  is  the  resnli  of  a 
■Of*  thorooKh  aystom  aad  sutterTlaioo  and  a  stricter  personal 
aeeooaubilitr  of  thaoflaara  and  agent't  of  the  omoanr. 

Tba  aamiogs  and  ex^aaaaa  of  tha  Bttfftlo  Corry  ft  PitUbnrgb 
Boad  ware  for  tha  year: 

9iu.an  40 

isitpwaaau "i >»»•«"  «| 

, 9I7.M000 

Tha  aet  eaminga  waia  tH-'i  i>er  eanl.  oa  tha  eoat  of  the  toad  to 
Ja  eovpaar 

Tha  beard  baltaraa  that  the  criala  In  tha  affaire  of  tiie  AUe- 
V  Valley  I'ompaay  has  been  paaaad.  and  that  with  prudent 
■MBSg  mm  and  a  lair  ratrlral  of  buaiaaaa.  the  earnings  of  the 
property  will  be  saOaiaat  to  meet  all  the  chari(aa  upon  it  hare 
afiar. 

Baltimore  ft  PotOMae. 

(Kar  tA4  t*ar  rndtd  Ihtumbtr  31,  1874.) 

Tha  Prwideot's  report  cunlaias  tba  followiag  : 

Tha  cfoni  earning*  from  all  sooieea,  from  Jaanary,  1874,   to 

Pii— ihst  HI    IS74   were  $815  4l''i  86.  of  whieb  the  Waahlogton 

Uaa  eaatflbaiM  $S74JBS9  8i,  and  Pope's  Crsak  Line  $40,398  04. 

ahowtag  an  iacnaaa  la  1874.  orer  1873.  of  $8811^78  88.  or  88 

Tha  total  working  aipeoaes  of  the  two  lines  for  1874  ware 
M8tJ0&48.of  which  tha  Washington  Line  faniUhad  $440,089  V), 
aadthTpOpa'a  CNak  Uaa  $44,o75  9«.  aa  ineraaaa  of  $108,441  08, 
Of  91  \^  par  eaat.  

Tha  aaabar  of  ihmiiis  earried  in  1874  waa  788.688 ;  In  1878. 
688.877.  aa  laeraaaa  la  aamber  of  154310.  and  of  Ui  par  cent. 

Tbia  irrailfylag  llimi  i  In  pasaaagar  travel  haa  bean  largely 
•seaadad  by  the  aarpfWag  aspaaataa  ol  loaaage.  which  waa.  in 
1874.  161J14  tooa;  la  1878.  87.80S  toaa,  aa  laereaaa  of  nearly 
doabla.  or  841  per  eaal.  ,_    , 

Tha  aat  aaraiaga  af  1874  over  1878  of  the  Washington  Line 
wars  $134.7>«  83.  aad  the  axcaaa  of  expeaditorae  over  groaa 
aamiosa  oa  Pope'a  Oaak  Line  U  HW  BS^viag  a  aet  Inereaae 
on  tha  boalnrM  of  tba  whole  road  of  $180,480  97. 

The  giaat  and  stsadr  laeraaaa  In  the  bosinens  of  the  riad  since 
lia  opaalBg  will  bo  arao  from  the  following  statement  of  total 
saralaga:  IRTJ,  from  May,  wbeo  It  first  cummeneed  traiispor 
talloa. $187^^4  97:  1878,$8'IM0  73:  1874.  $015,418  86. 

Tba  Morns  for  Mar  aannot  yet  be  faraUbad.  bat  for  the  four 
aading   April  80  laat.  the  groaa  aaraiaga  over  the  aame 

rtod  laat  year  ata  |B.4d9  64.  givlag  pronlaa  of  a  yet  more 
-..•aaaioaajraar.  aalwnhalaoding  iha  geaaral  raJaetion  in  the 
tBliiiii<9l»iiii  ol  tha  eoaotry.  eaaaad  by  tha  boalnaaa  depraa- 
aloa  of  the  last  elghlaea  months. 

Aboal  tha  middia  at  Mar  oar  paaaeagar  rataa  between  Balti- 
more aad  Washiaalaa  were  largely  rtdoeed.  and  althounb,  as 
aald  above,  the  aaeoaala  for  the  mooth  are  not  yet  made  up,  an 
esaalaaUoa  a'lowa  thai  the  travaliag  public  so  appreciated  the 
oimagoat  k>  makaoar  paaasoger  rseaipla  between  tbe  two  dtlea 
throe  Uotsa  aa  larga  tha  am  weak  ol  the  redaction  as  thay  were 
the  week  preeadlair.  . 

The  saaciisa  of  oor  Waahlngton  line  is  made  more  apparent  by 
a  eompapaoo  with  tba  lent  report  of  the  President  and  Direelora 
ol  tbe  Baltimore  ft  Ohio  KailraaH  Company,  for  their  "  Saoal  year 

iiiMaM  ttfflh  T  I ' —   IH74."     In  that  report  tlie  r-vennes  of  lU 

Waehlastoo  Braaeh  are  given  at  $378,898  81."  showing  a  deoroase 
of  $67483  88  eompaiod  with  the  prsTloas  year,  and  a  decreaae  of 
$107,831  78  «y.mpared  with  1873."  While  there  was  this  decreaae 
la  tbe  aaroinga  ol  tbe  oM  row!.  It  will  be  noticed  fruiu  a  foregoing 
statement  that  oar  gross  receipU  on  the  Washington  line  were 
$574^199  81.  and  mu  net  eaminga  alone  on  our  Washington  line 
for  1874.  $134,789  89.  „.„,..,,  .    , 

It  will  be  oberrved  that  tlie  Pope'a  Creek  lino  ban  breo  operatwl 
at  a  loaa  This  la  owing  to  the  fallnra  of  the  crops  of  all  kinds 
la  Boottera  Marylaad  ainee  tba  opaalag  of  tba  road,  which  pMitt 


33 


THE   CHUONICLE. 


[July  10,  lb75. 


Ibe  entire  length  throogh  a  purely  agrlcultaral  and  sparsely 
■ettled  country.  It  ii  believed,  however,  that  with  a  more  pros- 
peroas  agricaltural  production,  and  the  increased  facilities 
recently  ^ven  to  encourage  the  small  industries,  and  the  cultiva- 
tion of  frriits  and  vegetable*,  for  which  the  soil  and  climate  of 
8ouchem  Maryland  Is  so  admirably  adapted,  that  this  part  of  the 
road  will  also  soon  be  made  to  pay  a  profit.  A  contemplated  line 
of  steamers  from  Pope's  Creek,  to  accommodate  which  a  wharf 
would  have  to  be  erected  there,  and  a  fvrry  line  from  the  opposite 
Tirtrinia  shore  which  the  wharf  would  invite,  will  add  to  this. 
The  contract  recently  entered  into  with  the  Western  Maryland, 
Northern  Central  and  Union  Railroadx,  by  which  the  former 
company  obtains  the  use  of  our  tunnel  at  rates  it  cin  well  afford 
to  pay,  and  access  to  tidewater  at  Canton,  with  the  great  improve- 
ments thereabout  to  be  made  by  the  Northern  Central  and  (.Canton 
companies,  will  not  only  lartrely  increase  our  tunnel  receipts,  but 
will  attract  (rei|;htage  alonp;  the  whole  lines  of  both  roads  aeeking 
shipn^ent  at  Canton,  and  is  of  the  utmost  importance,  not  only  to 
those  interested  in  the  roads,  but  to  the  commercial  busine<>3  of 
Baltimore.  From  the  articles  of  coal,  ore  and  Iron  alone,  which 
the  Western  Maryland  has  been  debarred  transportation  of  by  its 
remote  depot  facilities  in  Baltimore,  our  tuuuel  receipts  must 
necessarily  be  very  largely  increased. 

The  contemplated  line  of  steamers  from  Canton  mast  also  add 
largely  to  the  volume  of  our  business. 

Within  the  present  year  our  handsome,  convenient  and  well- 
constructed  depot  building,  in  the  very  centre  of  Wa.sliington, 
and  Ifss  than  a  square  from  Pdnosylvania  avenue,  the  great 
thoroughfare  of  the  city,  has  been  completed  and  opened  to  the 
public. 

During  the  year  1874  there  were  laid  27  2-10  tone  of  steel  and 
130  66-100  tons  of  new  iron  rails,  and  3,001  new  cross-ties. 

On  the  3l8t  of  December,  1S74,  the  equipment  stool  twenty- 
four  enginrs  in  service  and  one  in  shops  for  general  repairs,  forty 
four  passenger  cars  in  service  and  one  in  shops,  ten  baggage,  one 
tool,  one  hundred  and  sixteen  gondola,  fifty  stock  and  one  hun 
dred  box  cars,  all  in  service ;  a  total  of  twenty-flve  engines  and 
three  hundred  and  twenty-two  cars  of  all  kinds. 

Otir  roads,  bridges,  tunnels  and  buildings  are  all  in  the  best 
condition,  and  contracts  at  reasonable  rates  have  been  made  for 
twenty-thousand  oak  cross-ties  for  repairs,  which  are  now  being 
delivered  along  the  lines  of  road. 

The  contract  between  the  Baltimore  and  Potomac  and  the  West- 
em  Maryland  Railroad  Company,  in  reference  to  the  nse  of  the 
tunnel  of  the  former,  has  been  adopted  by  both  companies.  The 
provi-'ions  of  the  contract  are  satisfacto'ry  to  both  the  contract- 
ing parties.  The  contract  with  the  Union  Railroad  and  the  Can- 
ton Company,  in  relation  to  the  use  of  the  Union  Road  has.  like 
wise  been  agreed  upon.  The  contract  provides  that  a  rebate  of 
ten  cents  be  allowed  on  the  condition  that  the  Northern  Central 
and  the  Baltimore  and  Potomac  Railroads  will  transport  over  the 
Union  Road  five  hundred  thousand  tons  of  freight  within  the 
next  five  years,  and  one  million  tons  in  the  next  ten  years. 


OENTERA-L  INVE3TJMSDTT    NSW3. 

Alabama  &  Chattanooga.— The  agreement  male  by  the 
parties  in  interest,  and  which  has  been  confirmed  by  the  United 
States  Circuit  Court,  is  as  follows  : 

"There  being  some  dissatisfaction  as  to  the  reports  of  the 
Master  in  this  cause,  and  the  matters  thereof  being  now  better 
understood,  the  Court  may  appoint  some  well-known  lawyer  and 
thorough  business  man  to  Inquire  into  and  with  power  to  settle 
as  Master  the  various  matters  of  reference  involved  in  the  case 
and  ordered  by  the  decrees  of  the  Court.  Which  settlement 
shall  be  final  between  the  parties  to  this  agreement  when  con- 
firmed by  the  <  lourt. 

"  Among  other  matters  he  shall  inquire  into  and  report  what 
moneys  have  been  actually  expended  in  improving  the  road  by 
the  several  receivers  and  by  the  trustees  since  they  have  had 
possession  of  the  road,  and  from  what  sources  these  moneys  were 
derived,  and  how  detived,  and  the  reasonableness  of  such  expen- 
diture and  the  pariicular  character  of  these  improvements. 

"  The  parties  to  this  agreement  shall  take  the  reports  of  the 
Master  heretofore  made,  and  within  thirty  days  eliminate  there- 
from all  Items  allowed  by  him  which  are  not  satisfactory  which 
shall  be  investigated  and  passed  upon  by  the  new  Commis- 
sioner and  be  reported  by  him  ;  all  other  items  shall  stand  mn- 
firmed. 

"  If  any  of  the  certificates  are  objecte;!  to  bv  either  party  the 
Commissioner  shall  inquire  and  report  whether  the  same  were 
issued  in  accordance  with  the  orders  in  the  cause,  and  wliat  dis- 
position was  made  of  the  same,  and  whether  tlie  said  disposition 
was  in  conformity  to  the  said  orders,  and  which  in  his  opinion 
should  be  allowed  and  which  rejected. 

"  What  attorneys'  iees  have  been  properly  paid  or  incurred  for 
the  benefit  of  the  trust,  for  filing  the  bill  in  this  case,  and  for 
other  proper  legal  expenses  for  the  trust,  and  to  whom  the  several 
amounts  have  been  paid  or  are  due. 

"  What  other  sums  in  detail  have  been  properly  expended  by 
the  several  receivers  and  trustees  in  the  exercise  of  their  duties 
for  tlie  Alabama  &  Chattanooga  Railroad. 

"  Wliat  service  said  receivers  and  the  trustees  have  rendered  in 
u  P.jT^  execution  of  their  trusts,  and  what,  if  any,  allowance 
should  be  made  to  them. 

"The  Commissioner  shall  sit  openly  on  notice  to  the  parties  by 
publication.  Ue  shall  sit  as  long  as  the  necessities  for  a  full  in- 
vestigation may  require  ;  holding  one  session  in  or  convenient  to 
New  York  and  the  other  at  ChatUncoga,  Tenn.  The  contested 
claimi,aepresented,  shall  be  enteredend  each  party  shall  have 


full  and  fair  opportunity  to  examine  into  and  support  and  contest 
the  same  before  said  Commissioner. 

"  All  parlies  in  interest  shall  have  from  the  Cora-Eissioner 
subpcenns  for  witnesses  or  tiie  right  to  take,  on  interrogatories 
and  notice,  depositions  of  witnesses  who  may  reside  out  of  the 
Judicial  District  where  the  sittings  are,  affidavit  being  made 
before  the  Commissioner  of  such  non-residence. 

"  All  books  and  accounts  of  the  several  receivers  and  trustees, 
and  of  the  railroad  shall  be  open  to  inspection  and  examination  at 
Chattanooga  by  the  Commissioner  and  the  parties  interested. 

"  If  the  Commissioner  appointf d  un  ler  this  agreement  can  maks 
his  report  before  the  next  term  of  this  Court,  the  parties  agree 
that  the  matters  involved  may  be  then  heard  and  decided  in  vaca- 
tion, on  notice,  by  Judge  Bradley  and  Judge  Woods,  or  either  of 
them,  and  the  decision  entered  as  if  made  in  open  court  in  term 
lime  ;  and  It  shall  be  in  all  respects  the  same  as  any  judgment  or 
decree  of  Circuit  Court  of  the  United  States  for  the  Southern 
District  of  Alabama. 

"  The  bondholders  of  the  first  mortgage  have  the  rights  and 
standings  in  the  case  of  actual  formal  parties,  and  are  to  be  treated 
as  such,  as  represented  by  the  undernigned,  their  attorney. 

"  It  is  agreed  that  John  C.  Stanton  shall  he  appointed  receiver 
of  the  road,  and  hold  and  operate  the  same,  together  with  any  and 
all  other  property  belonging  to  said  road,  until  the  further  order 
of  this  Court,  on  giving  a  good  and  sufficient  bond  in  the  penalty 
of  f25,000  for  the  discharge  of  his  duties.  He  shall  filo  in  this  Court 
monthly  statements  of  the  earnings,  expense «,  receipts  and  dis- 
bursements of  the  road. 

"  He  may  raise  money  to  pay  taxes,  insurance,  and  to  make 
necessary  improvements  on  the  road,  so  far  as  to  keep  it  in  work- 
ing order  necessary  for  busiuess,  but  only  on  submitting  to  Robt. 
H.  Smith,  attorney  for  bondholders,  and  Wm.  F.  Drake,  as  the 
representative  of  the  holders  of  the  receiver's  certificates,  the 
several  transactions  on  which  the  money  is  proposed  to  be  raised, 
and  the  purposes  for  which  it  is  needed,  and  on  ilie:r  written  con- 
sejt  thereto.  Said  sums  so  raised  and  applied  to  the  uses  named 
shall  be  a  charge  on,  and  paid  from  the  proceeds  of  the  sale  of  the 
road  in  acc.ordanje  with  the  decrees  of  this  cause." 

Mr.  Philip  Phillips,  of  Washington,  is  the  Special  Master 
appointed  by  the  Court. 

Central  Verinout.— A  despatch  from  Windsor,  Vt.,  dated  July 
6th,  says:  "To-day  was  the  day  appoiuted  for  the  hearing,  before 
Judge  Hunt  of  the  United  States  Circuit  Court,  on  the  case  of 
Sohier  &  Shultz  against  the  Central  Vermont  Railroad  Company, 
on  an  injunction  arising  from  an  action  brought  by  these  parties 
and  others  against  President  Smith  and  the  present  management, 
with  a  view  to  endeavor  to  gain  control  of  the  road  on  the  ground, 
as  the  Page  party  claim,  of  a  fraudulent  issue  and  sale  of  certain 
shares  of  stock  to  Messrs.  Willis  &  Langdon,  and  other  so-called 
"illegalities"  aifd  "irregularities,"  wliich  the  plaintifTs  claim 
occurred  at  the  annual  meeting  at  St.  Albans,  May  19  last.  The 
plaintiffs  also  praying  that  the  Court  would  issue  a  temporary 
order  restraining  said  Willis  &  Langdon  from  transferring  the 
stock  purchased  by  them,  and  also  to  restra'n  the  Central  Ver- 
mont Railroad  Company  from  enforcing  any  assessments  on  the 
stock  until  the  further  order  of  the  Court  was  granted.  Judge 
Hunt  arrived  to-day  from  New  York,  and  opened  the  Court. 
Within  the  past  day  the  case  has,  by  consent  of  both  sides,  been 
continued.  By  the  general  rule  of  practice  in  this  Court,  the 
auswer  of  the  defendants  mast  be  filed  by  August  1,  at  which 
time  the  full  hearing  of  the  case  will  possibly  be  had. 

Chicago  Milwaukee  &  St.  Pan!.— The  Chicago  Milwaukee  & 
St.  Paul  railway  company  has  filed  in  the  office  of  the  Secretary 
of  State  of  Wisconsin  a  mortgage  deed  to  the  Farmers'  Loiin  and 
Trust  company,  of  this  city,  conveying  the  entire  property  and 
franchises  of  the  company,  consisting  of  1,400  miles  of  railroad, 
fully  equipped,  a  number  of  grain  elevators,  and  four  bridges 
across  the  Mississippi  river,  in  trust  to  secure  the  payment  of 
135,000,000,  of  which  $7,000,000  may,  at  the  option  of  the  railroad 
company,  be  6  per  cent  gold  bonds,  the  remainder  to  bear  interest 
at  7  per  cent  United  States  currency. 

•Chicago  Rock  Island  &  I'aciflc— The  New  York  World  of 
July  3,  had  the  following:  "The  question  of  the  manner  of 
raising  the  funds  to  construct  a  branch  line,  fifty  miles  in  length, 
of  the  Rock  Island  road,  has  at  last  been  settled,  after  being 
talked  of  for  six  weeks  or  more.  The  company  issues  $1,000,- 
000  in  six  per  cent,  currency  bonds,  twenty  years  to  run,  pro- 
tected by  an  annua!  sinking  fund  of  $10,000  from  January,  1877  ; 
the  annual  contribution  to  be  invested  iu  these  bonds  up  to  par, 
and,  failing  that,  in  the  old  mortgage  bonds  up  to  103.  Should 
any  additional  mortgage  be  made  by  the  Chicago  Rock  Island 
and  Pacific  Railroad,  this  issue  is  to  be  included  in  it.  The  bonds 
have  been  taken  at  9.5,  deliverable  in  August ;  Mr.  L.  T.  Hoyt 
taking  $800,000  and  Messrs.  J.  S.  Kennedy  &  Co.  $200,000,  the 
latter  parcel  for  foreign  investors.  The  company  has  done  much 
better  than  by  issuing  any  of  the  $4,000,000  Rock  Island  stock 
which  it  holds,  and  tae  sinking  fund  will,  within  the  maturity  of 
the  bonds,  remove  the  debt  entirely." 

Chicago  &  Southwestern.— From  the  Mailroad  Gazette -we  take 
the  following  item  :  lu  the  United  States  Circuit  Court  at  Keokuk, 
Iowa,  recently,  arguments  were  heard  in  the  case  of  Dows,  W'ins- 
ton  and  others  against  this  company,  which  is  a  suit  for  foreclos- 
ure of  the  first  mortgage,  brought  in  the  interest  of  the  Chicago 
Rock  Island  &  Pacific  company.  It  appears  that  the  latter 
company  having  leased  the  road,  and  having  guaranteed  the  pay- 
ment of  interest  as  it  accrued  and  principal  when  it  should  become 
due,  of  $5,000,000  of  bonds  of  the  Chicaifo&  South westtrn  railway, 
as  a  part  of  its  security  became  subrogated  to  the  rights  of  the 
original  bondholders,  for  all'sums  it  should  pay  in  the  performance 
of  Its  contract  of  guaranty.    Among  these  rights  was  that  vested 


July  10.  1876.1 


THE   CHRONICLE. 


39 


ia  th*  tnutcM,  tb«  oompUiii&nu,  to  forecloae  the  mortg«fre  apoo 
dcfkolt  mmda  by  the  Sooihweatera  in  tha  pajrmaat  n<  iotereM, 
•abieet  howerer  in  the  ereot  of  foraelosare  open  reqaMt  ol  the 
Boek  Ulkad  eompuiy  to  the  righta  o(  the  bondbohlen,  who  won  Id 
■till  hold  the  Rock  Island  compMy  upon  ita  guanntr.  The 
OoBthwwtora  having  made  defaalt  in  the  payment  of  interest 
(ram  tho  dal*  o(  Um  completion  of  the  ra«d  to  th*  piMent  time, 
Um  forMloflnre  ia  aakad. 

Th*  pMltioo  ia  eppoMd  by  hotte*  of  the  |1.000,000  bonds, 
gaBsraily  known  aa  tba  At«hlaon  Bnuich  bonds,  who  claim  : 

1.  TIttt  their  beads  were  sold  npoo  representation*,  made  with 
the  knowledfce  of  the  Rock  Island  company,  that  that  company 
woald  laaae  the  branch  road  and  the  main  line  upon  aueb  termsas 
woald  secara  the  payment  of  inteicsl  on  Xh»  entire  bonded  lndel>t- 
edness  of  the  SooUi  western. 

i.  That  if  there  was  no  such  leaM,  the  Bock  Island  haTiog  been 
the  eattodian  of  the  proceeds  of  the  $1,000,000  of  bonds  became  a 
trustee  to  seeare  the  laithful  expeaditute,  in  th«  interests  of  the 
bondholders,  of  those  prnoeeds  in  dk*  constmeUon  of  the  road, 
whartfore  11  there  was  frand  in  the  eootraeta,  as  is  strooKly  hinted 
at.  it  should  be  held  to  bari>  walred  Its  right  to  a  foreclosare  or 
any  relief  antil  the  bondholdpra  ander  the  second  mortga^  may 
assart  tbeir  righu  as  tlte  holders  not  oaly  of  the  flnt  aortgage 
npon  the  brnaeh,  bnt  of  the  ereond  mortirage  on  the  main  Use. 

The  Rock  Island  oompnar  retorit  that  th«r«  la  no  eontraet  of 
leaae  which  can  be  eaforead  and  Bavor  waa,  and  that  by  tbs  terma 
of  the  mortgage  Itself,  the  diapoaltkw  of  the  proeaadsef  the  bonds 
was  proTidwi,  from  which  it  could  and  did  not  depart. 

CoTlBgtoa  A  Lultmtm*  (Keitaekj  Central).— The  ClAein. 
nati  Commtreial  giraa  taa  followiaf  as  the  provisions  of  the  sale 
of  the  latarest  of  CorinKtoo  City  In  this  rosd: 

The  dty  transfers  the  entire  clala  upoo  the  road  to  the  par- 
chasing  party,  forrgoiog  all  fututa  rerunrae.  tor  the  cam  of  fiSO,- 
000  in  rash  or  its  rquirslnnt. 

Mr.  William  Eroni,  tru«t«e  for  th><  pnrehaaer,  agreea  on  Its 
hahall,  to  pay  t90,000  la  cash,  the  |300jOOO  remainUg  to  ha  hald 
for  taking  up  th*  hcMids  el  thn  eitr  due  la  t08S.  Thsas  boada 
hear  IntMsat  paynbl*  •enti-aaanally  at  8  per  cant  The  lat*f«e» 
th*  iminhassf  agree*  to  pay  from  the  first  of  the  current  month. 
To  ssear*  th*dbeharge  of  the  prlaelpsl  st  the  time  when  it  (all* 
dga.  the  panhaaar  dmoalts  sa  eollateral  9*00,0CO  in  seeoad  ntort- 
gac*  boMS  of  the  Covington  *  l^xlogten  Railroad  Conpaay. 
which  have  beeoaw  ftral  aMftgac*  bond*  by  th*  payiMat  of  th'** 
which  had  pritsdMss.  Tk«a*  Mar  aeven  par  eaat.  InUrsst  pay. 
aM*  aaail-aaBBal^.  MaMrs.  Oeotye  H.  Paadletoa,  Wm.  EraM. 
Joha  W.  SlivsaanB.  Oeorg*  P.  Bowie*,  and  James  C.  Qedg*  have 
glT*a  th*lr  tedMdnal  gaarante*  of  the  fUthfial  p^rfonaaaea  of 
th*  above  eoatrsel.  The  deposit  of  $100,000  wna  placed  with  th* 
Corlagloa  City  National  Bank. and  will  be  sabjeet  le  Ik*  ordar  of 
lb*  cny  Oonaell  la  «Ma  th*  eoatiact  t*  trioiaMd.  Patar  Eiaa  ha* 
r*llD<)«lah*d  all  etaina  agntaai  Ih*  city  lor  ■arrtasa. 

D«a  HalBM  *  Fart  IMfAr— A  dUpaieh  from  Dea  Mitaaa,  la., 
July  7.  iUie*  that  it  I*  i*port*d  that  th*  Dcs  Moloe*  k  Fort  Oodf* 
lailraad  is  aooa  to  paM  laio  tba  eoatrol  al  th*  Kaokak  nad  Daa 
Moiaas  road,  lo  be  epMalsd  aa  ea*  Ua«. 

BrUBallway.— lathaaUMritef  thia  aaatpaar  agalaai  Vaa- 
dmbtlt  a  deelaioa  waa  iMdwid  this  w«*k  ia  ih*  Osaaml  Terat  of 
the  flaptMB*  Coart,  r*T*rriag  a  fnrmar  daaWoa  aad  ofdartag  a 
a*w  tflaL    Th*  TVihnM  lapoit  aays : 

-  la  th*  Inl  of  th*  M  of  sail*  I*  whieh  «h*  liU  lailsray  wm 
•Bcwad  attar  th*  aeeaaloa  to  its  dirrctory  of  Jsaro  Pisk  and  J*y 
aiSu,  Ih*  «Datast  «a*  orar  th*  isaoe  of  $\<iff»fiM  ot  cooTertlU* 
boada.  aad  their  eoavetaton  lain  auirk.  Th*  iasn*  had  beaa  pf*- 
«ie«*ly  aatherissd  o*  the  report  of  the  CUad  Bsftaaar  thai  Ih* 
road  was  ia  a  bad  ooadlliiia.  hat  ih*  ac«aal  kaaa  waa  a  aarprlaa  to 
thaawrka*.  A  la^ga  aa»har«iaaiu  waia  hsgaa  la  rastiala  ths 
lsaa*aadeaa**rslaa*(th*sabs«^.  andth*  IHlMltal  which  «■• 
b*c«a  early  la  IMT  waa  protiaMsd  until  thaaMflaaf  1MB.  wh«B 
arorythias  «as  a*ttl*d.  Lataaaaait  was  hroaghl  hjr  the  Er(s 
railway  soaapaay  to  rseoror  hash  the  saias  paid  oa  that  a*ttl«aMM 
t«  Gotaalias  TaadarMIt 

'ta  th*  camnlnint  aad  the  t*«lUaooy  of  th*  lat*  Jaass  Flak,  Jr„ 
It  waa  aiatad  that  aflsr  tlss  tsat  aaita  had  hasa  bsMa.  OaaM 
Dnw.  th*aihstreaaai*rofth*asip*ny,a>iB*daigallailuB*  with 
Mr.  VaadarHH.  aad  thai  afisr  a  long  stmod*  Mr.  Fkk  aad  Mr. 
OMid,  fadlag  thsawalTsa  abaadoeod  by  dl  U 
aaaadad  la  a  •omproariae.  The  larms  of  < 
payawat  of  tUmfiM  outright  M  Mr  VaadartiH  for  bia 
whkh.  how«**r,  h*  look  In  1 JOO  bonds  of  Ih*  Boadba  Hartfiord  C 
Ell*  laibaad  eonpasy  at  80,  aad  tbe  rrpaichasa  flam  hiat  of 
MjOOI  ahaNa  of  Kris  aiock  for  fMOO.OOa  Hmwif  haH  a  mllltaa 
doi^aia  WM  aW  to  bs  paid  ta  Hwiaid  Bikrfk  aad  mmUst  aawaala 
to  alhais.  iaalndlngth*  payaiaatsl  annnsansaa.  Th*  anil  agaiaat 
Corn«llai  VaadrrMIt  wsa  to  reeoevr  lb*  a^onots  paid  htm.  Th* 
•alt  wsa  uted  befnrr  Judge  Oaa  Q.  Baraaid,  at  Special  Tens. 
withoat  a  jury,  aad  bv,  aftrr  aoia*  delay,  (*▼•  jadgmeat  for  th* 
dadaadasL  From  that  indgaaat  the  Erie  railway  conpaay 
aypMlad,  aad  after  saiD*  oalay  H  was  argaad  botoM  JadgM  Law- 
rakea,  Daaolia*  and  Dkaiela.  The  mtjoHtf  tt  ih*  eoart.  Jndg* 
I>Mohaaj|lflBfflhavplaioB,  diiaet  a  bm»  trial.    Jadg*  Daai^ 

dlM**!*.*'^ 

AdKtrtitr  MTi:   "The  Pltcfahar* 

year  aurrmd  aighl  different  roaiaa 

t«.Oreenfl*lil,  la  ordar  to   meet  tha 

and  lo  obvlai*  tbe  existtag 

Thaaalimalsd  cost  of  tbeaw 


Ih*  *thar  dlndon. 


FMtiyhMf.— Th*  Bnatoo  . 
railroad  eomaay  hM  within  a 
froto  th*  ntotbarg  tanaiaaa  t 


as? 
tsa 


barg 
ialreai«nu  of  tha  toaael 
liy  si  Asbbanihaa  I' 


roatea  Varies  from  fTS/lOO  t«  JMO.OOO.  Th*on«  whiah  will  proba: 
biy  b*  adopted  U  that  of  Mr.  alirard  Apfdstoa  b*aws*o  Asbbuco- 

aearly  |NO;00%    By  sdnptlng 


I  aad  Parker  stoliOa, 
this  mtw  tbe  PItchhnrr  Va4l 


aooaat  tfTndakbl'  \<pm 


busineaa  from  Qardiner.  Templeton  and  BaldwinaviUe,  on  the  Ver* 
mont  A  Maaaachuaeits  railroad,  but  the  route  is  necessary  to  perfect 
tbe  main  tunnel  line.  Mr.  Stearaa  has  also  completed  hia  arrange- 
ment with  the  New  Tork  Central  line  for  through  bupiness,  and 
for  matnal  equipment.  Eighty  new  cars  hare  already  been 
built  by  tbe  Ranlet  Manafacturing  Company  of  Laconia.  N.  H., 
aad  they  are  ttelng  delivered  at  tbe  rate  of  four  per  week.  The 
Fttchbnrg  company  haa  joat  completed,  in  anticipation  of  the  tun- 
nel buainess,  a  new  freignt  house  of  700  feet  by  40  feet,  that  can 
be  extended  to  ISOO  feat  in  length.  The  company  Is  changing  the 
old  Vermont  &  Maasaehoaatts  railroad  freight  bouse,  on  the  Cbar- 
leatown  side  of  the  river,  400  feet  by  60  feet,  to  a  hay  warehouse, 
In  contemplation  of  the  large  amount  of  traffic  in  this  specialty, 
eoming  through  the  tunnel.  " 

GilMan  Clinton  A  Springfield.— In  the  case  of  Morton,  Bliss 
A  Co.,  vs.  the  Oilman  Clinton  A  SpringSpid  railroad  company 
before  Judge  Tipton,  of  tha  Circuit  Court  of  McLiean  Co.  in  Illinois, 
the  applicatioQ  of  Col.  Tom  Scott,  and  H.  J.  Jewett,  trtistees, 
under  a  deed  of  trust  to  secure  certain  bonds,  to  take  posaessloa  of 
the  road  for  tbe  purpose  of  securing  tbe  payment  ot  the  bonds, 
cam*  up  for  hraring.  The  present  organization  of  the  road  resist- 
ed the  applicaiioo,  and,  after  much  discussion  between  Mr.  Henry 
Crawford,  of  Chicago,  on  the  part  of  the  rood,  and  Mr.  H  E. 
Williams,  of  Bloumingtoa,  for  tbe  bondholdera,  and  R.  Kiddle 
Roiiorts,  of  Chicago,  for  the  trustees.  Judge  Tipton  referred  the 
whole  laattar  to  the  laaater  to  take  proofs. 

Illlaols  Railroad  Law.- In  the  test  salt  brought  airainst  the 
Toledo  Wabash  A  Wesism,  to  recover  penaltiea  for  infraciion  of 
the  railroad  law,  th*  «aM  was  given  to  the  jury  after  long  and 
elaborate  arguments  on  both  sides.  The  jury  could  not  agree  aad 
wera  diacharged. 

■eatlc«Uo  A  Port  Jerris.- The  Montieello  A  Port  Jervis 
railroad  waa  aold  July  7,  at  .Montieello,  uader  foreclosure  of  a 
mortgage.  It  was  pnrthased  by  the  trustees  of  the  first  mortgage 
baedholdrn,  Mrasra.  Day,  Depeystor,  aodKoos,  lor  1105,000.  No 
change  will  be  made  la  the  managensent  of  the  road  at  present. 

New  J«rMy  Midlaad.— A  plan  haa  been  submitted  to  the 
bondholders  and  creditor*  of  this  company,  the  maitt  features  ot 
which  are  the  orgmnlsatioa  of  a  new  company ;  tbe  Issae  of  $900,- 
000  filst  mortgage  bonds,  to  be  convertible  into  the  gold  bonds 
herMfler  mentTsoed.  th*  proceeds  of  which  are  to  be  applied  to. 
wards  th*  payment  uf  Ih*  floating  debt  and  the  coinnletlon  of  the 
road  to  the  lludaoa  River :  the  lasue  of  $4,500,006  gold  bond*, 
sscared  ^y  mortgaga,  $800,000  of  which  are  to  be  reservrd  to 
sxebaag*  for  the  flnt  Mortgage  iMcds  above  mentioned,  and  the 
remalaug  $3,700,000  to  be  Issued  for  outstanding  first  mortgage 
boads  aad  eonpoes ;  th*  Issue  of  first  preferred  stock,  to  be  gtren 
to  Ih*  prsaent  sreond  laortgage  tMudholders  In  exchange  for  their 
boad*  and  oast  dueeoapon*  :  the  iaaaeot  s*«ood  prefMTed'stoek,  to 
b*  gIvMi  to  present  «an*olidate<l  or  thltd  mortgage  bondtioldars 
and  lo  aaspcored  er«dlu>ra  ;  th*  iaae  of  cooamon  sloek  ia  ex- 
chaag*  for  the  eonaoa  slock  of  th*  old  eeapaoy,  aharo  for  ahare, 
to  aa  aaonal  not  to  eanaad  $1,400,600. 

Thia  plaa  doM  aal  aaat  the  aporoval  of  a  large  nnmber  of  the 
ffrsi  mortgac*  baadMdan.and  tbev  have  called  ajnaetlog  of  tbe 
boadboldMa.  to  b*  h*ld  at  No.  ISa  Broadway,  N*w  York.  July 
14.  at  1$  o^«laek  aooa,  I*  lake  the  matur  into  conaideration . 

N*W  SatM  to  tha  West.— in  confonuity  with  the  sgreemaat 
batwsaa  the  Peoosytvaola  and  li«ltimoro  A  Ubio  railroad  eom- 
paaUa,  th*  ears  M  the  latter  commenced  running  between 
Washlarton  aad  New  York,  and  tbe  sales  of  through  tldrata  and 
ehacfclag  of  baggag*  war*  folly  resaa*d  on  Monday  the  0th  lost. 
Trav*l*ta  by  th*  BaMaor*  A  Ohio  loot*  to  and  from  tha  W*at 
aad  ffoath,  aro  silisartad  Ih*  same  facilitUa  over  the  New  Jersey 
llneeof  ibelVannilvaalaeompanyMtboM  galag  by  tbe  Penn- 
avlvanla  road.  The  Ibllowiag  Ubah4ad  atateoMat  Uken  from  ths 
BtMumrr*  AmtHtantA  July  5,  will  show  the  new  rate*  from 
BalllMor*  aad  Pblladalptii*  to  the  poinu  named,  as  well  as  the 
praOMt  oaM  fkom  N*w  York : 


alUsMM. 

rbiladclpbU. 

Hew  York- 

$I«M 
18  00 

117  00 
1»00 

•»g 

It  » 

MM 

ISOO 

II » 

11  4S 

"!S 

II  W 

UtO 

><$ 

•  oa 

10  00 

"S 

UIO 

17  00 

18  OO 

1! 

»N 
»M 

18  00 

'iSS 

si 

noo 

Si  00 

Mao 

31  oo 

81  00 

BL  nw  .•..e.s ■••■•••■••••••••   • 

•l  Joseph 

Th* MM*  papar  rea»rks  "  Tbe  rat«  from  Pblladelpfaia  are  in 
all  easM.  except  to  PhUburgb,  Pedfl.,  and  iMroit,  Mich.,  just  $1 
below  thMe  of  New  Tork  to  tba  same  points.  The  Pittsburgh 
BalUmof*  rat*  $»  b  fifty  eenu  higher  tliao  the  regular  rat* 
provailiag  befera  tho  war.  All  the  other  new  rates  are  below 
thoM  of  m»U  WfKRi  lime*.  BdfWre  ths  w«r  the  fare  from  Baltl- 
iBoia  10  Chicago  was  $m,  St.  I/oals  $2.1   '  i  $10.  Columbus 

$28  CO,  aad  Ix.ul»vtlle  $90.     The  Balsin  ■  cut  rates  have 

be«a.  toOblcago$IO,  toSt.  Louis  $l'i,  <  in  iinnii  |10.  Columbus 
$9.  aad  Ltalsvills  $13.  The  Penocylvanla  company's  ent-rates 
hav*  b*mi  somewhat  lower,  being  to  Chicago  $8,  St.  Lools  $10, 
aad  Onrinnati  $0.  The  new  rates  have  been  adopted  oaly  by  the 
Peonsylvaoia  and  Bahimora  A  Ohio  eompaole*. 

"  Railroad  iiflifals  hero  appear  to  b*  vary  confident  that  the  rate 
of  fare  botwena  Now  York  and  Chicago  will  eventually  be  ad- 
vanced to  $22,  whaa  another  advanc*  In  Baltimore  and  Philadel- 
phia Western  fates  may  be  looked  for.  When  this  occurs  It  is  said 
that  th*  liare  beiw*M  BalUmore  aad  Chicago  will  be  above  $11), 
and  higher  thaa  It  lus  ever  been  bafMVf' 


40 


THE   CHRONICLK 


I  July  10  l-i76. 


New  York  &  Oswegro  Midland.— July  18th  is  the  time 
appointed  by  the  U.  8.  Circuit  Court  when  they  will  enter  a  decree 
of  forecloeure  and  sale  of  the  mortg«irt-d  premlsftg.  Such  of  the 
twndbolders  as  wish  to  participate  in  tUe  benefits  of  the  purchase 
are  requested  by  the  committee  of  bondholders,  to  send  their 
bonds  to  N.  A.  Cowdrey.  SecreUry,  2.')  William  street.  Tbe  com- 
mittee claim  to  have  deposited  with  tham  over  $2,700,000  ot  the 
first  mortgage  bonds  at  their  face  value. 

The  Uiica  Herali  has  the  follotrinK  in  regard  to  this  road  : 

"  A  meeting  of  first  mortgage  bondholders  of  the  New  York  & 
Oswego  Midland  railroad  company  was  held  at  Bagg's  Hotel.  J. 
W.  Cronkhite.  of  I/ittle  F*ll»,  was  cho.sen  chairman,  and  Edwin 
H.  Risley,  of  Utica,  secretary. 

"  After  discussion  the  following  resolutions  were  adopted  : 

"HeMlTed,  Thut  we  deem  it  of  the  ntmoit  linportAnce  to  the  Urst  raort^aeo 
bondholdcMof  IheNowTork  &0«wego  MlilNnd  railroad  company  that  the 
reoolvers  abnald  contiDD*  to  pay  tbe  reotal  of  the  Utica  Clinton  &  Biughanitoa. 
and  the  Rome  and  Cltnton  branchea  nutll  nuch  tine  as  the  Midland  shall  be 
reoryanlzed. 

"  Resolved,  That  we  deem  the  continuance  of  said  leases  of  (jreat  importance 
to  our  lnlere«t»  in  c«e  we.  as  bondholders,  become  the  pnrcha-ers  of  tae  road. 

"Ke*o  Ted.  That  we  deem  it  Important  that  the  receivers  and  trustees  take 
proceedings  lo  protect  oar  tnierettts  in  the  western  extensions  of  the  Midland, 
and  that  toe  proceedings  now  pending  to  foreclose  the  mortgagee  on  if  aid 
weatsm  extension  be  defended. 

Basolvod,  That  a  committee  of  eight  be  appointed  to  prepare  and  circnlate 
an  address  to  1)ondbo1dere,  recommending  them  to  nnlte  upon  and  support  the 
Dtica  plan  of  reorganization. 

"The  following  committee  was  appoi nted :  Edwin  H.  Risley, 
Utica ;  J.  W.  Cronkhite,  Little  Falls ;  Thomas  Ellis,  Whiteslown  ; 
L.  A.  Gay,  Little  Falls  ;  W.  A.  Brayton,  Newport ;  Stephen 
Hoxie,  Leonardsville ;  Wm.  M.  Pawling,  Amsterdam-,  N.  Y.;  E. 
Smith  Barnes,  Unionville,  Ohio. 

Oil  Creek  &  Allegheny.— At  the  last  meeting  of  the  com- 
mittee of  Ixindholders,  held  in  Philadelphia,  it  was  atrreed  to  file 
a  new  bill  in  equity  to  foreclose  in  the  United  States  Circuit 
Court.  This  is  done  in  order  that  the  term-<  of  the  agreement 
between  the  bondholders,  stockholders  nnd  creditors  may 
ultimately  be  carried  out,  and  the  interest  of  tbe  stockholders 
protected. 

Pacific  Mall. — The  Journal  of  Commerct  has  the   following 


redemption  and  cancellation  of  the  second  mortgage  bonds  of  the 
Pacific  Railroad,  as  in  said  mortgage  provided,  and  for  the  pay- 
ment of  floating  liabilities  creatt»d  on  account  of  this  company  by 
the  Atlantic  h  Pacific  Railroad  Company  in  permanently  improv- 
ing the  Pacific  Railroad. 

"  A  special  mee:iog  of  the  stockholders  to  whom  will  be 
submitted  this  action  of  the  directors  for  approval  (as  required  by 
the  statutes  of  Missouri),  will  be  held  at  the  oiiica  of  the  Atlantic 
&  Pacific  Railroad  Company,  in  the  city  of  St.  Louis,  on  Salurdiy, 
July  10, 1875,  at  10  o'clock  A  M.  Your  attendance  is  respectfully 
requested.  If  inconvenient  for  you  lo  represent  your  shares  in 
person  at  thn  special  aieeting,  will  you  please  sign  the  proxy 
liereto  attached,  and  deliver  the  same  to  Andrew  Peirce,  Esq., 
President  of  the  Atlantic  &  Pacific  Railroad  Company." 

Petersburg. — The  City  of  Peiprsburg,  Va.,  recently  lev'ed  on 
fifty-three  car-loads  o(  old  rails  taken  up  from  the  Oaston  Branch, 
the  levy  being  made  under  judgments  recently  obtnined.  The 
attorneys  for  the  city  havfi  filed  a  bill  of  interrogatories  against 
Mr.  Reuben  Ragland,  the  President  of  the  Company,  who  is  the 
largest  stockholder,  but  ho  ha.s  thus  far  been  detained  in  Rich- 
mond by  sickness.     Further  legal  proceedings  are  expected. 

St.  Joseph  &  Denver. — The  Chicago  liailway  Review  says  : 
A  decree  i>f  foreclosure  has  been  entered  in  thu  United  States 
District  Court  in  favor  of  the  first  mortgage  bondholders  ot  this 
road,  and  Wni.  Bond,  the  President,  was  appointed  receiver.  The 
act  will,  it  is  hoped,  relieve  the  road,  and  enable  it  to  increase  its 
facilities. 

St.  Louis  Keokuk  &  Northwest.— In  regard  to  this  road  the 
Chicago  Railway  Reniew  says:  This  is  the  new  name  ot  the  late 
Miss.  Val.  &  Western,  at  the  sale  of  which,  some  weeks  since,  A. 
B.  Stone  became  ilie  purcha-er  at  f612,-500.  From  the  Auditor's 
feport  of  the  sale,  it  appears  that  Mr.  Stone  held  nearly  all  the 
bonds  issued  by  tbe  road.  After  these  were  satisfied  iie  paid 
into  tbe  court  1285,000,  and  gave  bonds  in  the  sum  of  $100,000 
to  meet  nil  outstanding  bonds  issued  by  the  road.  Judge  Treat 
has  made  an  order  to  have  the  $285,000 distributed  to  the  creditors 
of  tbe  road  entitled  to  receive  it,  and  a  further  order  will  be 
made  in  reference   to    the   persons  holding  tbe   ramainder  of  the 


It  is  oJficially  reported  that  the   Pacific   Mail   steamship   City  ot  |  "o°<Jfl. ""^standing.     Mr.  Stone  has   received   a   need  to  the  road. 


Tokio  earned  $90,279  net,  in  gold,  on  her  first  round  trip  from  San 
Francisco  to  China  and  back.  This  steamer  and  the  City  of  Peking 
make  12  trips  in  all  per  annum,  and  on  the  basis  of  the  above  ■ 
earnings,  the  China  line  would  show  net  profits  of  $1,083,348,  goid, 
equal  to  $1,267,517,  currency.  In  this  calculation  no  jiccount  is 
taken  of  the  subsidy  of  $50O,OOO  from  tlie  Government,  which 
wonld  make  the  net  annual  currency  earnings  of  tlie  China  line 
$1,767,517.  At  this  rate  the  two  e'eamers  would  pay  for  them- 
selves in  less  than  a  year  and  a  half. 

Pacific  of  Missouri. — This  company  has  issued  the  following 
circular,  signed  by  Samuel  Hays,  the  President,  and  dated  St. 
Louis,Ju'y  1,  m75: 

"To  the  stockholders:  The  directors,  on  the  24tb  ultimo, 
authorized  the  issue  of  bonds  in  the  sum  of  $4,000,000,  to  be 
issued  in  redeeming  for  cancellation  $1,500,000  income  bonds 
and  $2,0u0,000  improvement  bonds  heretofore  issued  ;  also  for  the 


and  will  immediately  put  it  in  running  order  throughout.  It  is 
already  partially  built  and  equipped,  and  when  finished  will  ex- 
tend from  Keokuk  to  St.  Louis.  Mr.  A.  B.  Stone  sailed  for  Europe 
on  the  2oth  inst.  to  negotiate  bonds.  The  company  is  having  the 
new  route  surveyed  from  Hannibal  to  St.  Louis.  It  is  expected 
that  the  extension  will  be  completed  by  Fall. 

Springfield  Decatur  &  Indianapolis. — It  is  said  that  this 
company,  organized  by  the  bondholders  who  bought  the  Indiana 
&  Illi;iois  Central  road,  is  about  to  pu'.  a  new  mortgage  of  $1,100,- 
000  on  tbe  road,  the  proceeds  to  be  used  to  comp'ete  the  road  from 
Montezuma  east  to  Indianapolis. 

Western  North  Carolina.— The  Western  North  ("Carolina 
Railroad  was  sold  at  Raleigh  on  the  23d  ult.,  and  bought  in  by 
Judge  Merrimon  at  $825,000  for  his  clients,  who  bad  a  large  debt 
against  the  company.  Gov.  Brogden  and  his  commission  took  tbe 
road  for  the  State  at  Judge  Merrimon's  bid. 


MONTHLY  EARNINGS  OF   PRINCIPAL    RAILROADS. 


I — Central  Facifle. — >    Cin,  Lsf.  ftChicago-    Denv.&BioQrande. 


1874. 

(1,«19  m.> 

$848,598 

804.044 

84^,4  U 

1.110,624 

1,81'.699 

1,8«6,616 

l.!86.»40 

1.!U«.557 

1.871,7S9 

1,469,616 

1,814.000 

l,lM),00a 

$14,S&I,714 


1875 

(l,ai9ni.) 

$890,000 

aos.ooo 

1.192,000 
1,355.000 
1,';  97,000 
1,711,000 


1874. 
(76  m.) 
$39,563 
36.."..37 
3«,79-2 
89,902 
33,618 
31,870 
35.126 
34.550 
40,106 
44,«68 
38.687 
42.300 

$453,718 


1875" 
(75  m.) 
$33,790 
27,243 
30,024 
32.710 
30,328 


1875. 
(1-20  m.) 
20,364 
2:5,660 
26,500 
:<2162 
35,630 


$876,669 


Internat'nal  &  Ot  B.     ^-Kansas  Fac  fie—.    ^Ktchi^an  Cenr  -, 


1874 
(883  m.) 
$139,1)6 
f 11^,896 
-  91,1-30 
^  76.387 
S  73,.')87 
T  76,144 
r  70.486 
i  7S,908 
e  105.945 
Sg  147.418 
T 176,542 
1200.766 

tl,864,:t89 


1875 

(458  m.) 

$122,575 

1)2,500 

104,661 

85.255 

80,668 


1874 
(672  m.) 
$170,319 
178,429 
245.774 
292,148 
316,617 
316,339 
291.247 
158.294 
302,318 
868.166 
275,847 
233,401 

$8,140,954 


1875. 
(672  m.) 
$162,737 
188.495 
242.033 
291.651 
289,706 


-B'.lonls  Alton  ft  Terrs  Haute - 


-M<an  Llne.- 


1874 
(195  m.) 
$103,7117 
86,499 
105,668 
W,447 
91,651 
99.844 
104,741 
112,621 
113,247 
127  042 
Wl.lfie 
100,446 

tl.«i4>18T 


1876. 
(196  m.) 

$77,876 
7.3,864 
83,028 
8C,948 
78.4ti7 
71,697 


-Brane/iet.- 


1874. 

1875. 

(71  m.) 

(71  m.) 

$38,607 

$57  20) 

37,498 

65.723 

44,472 

49,870 

41,093 

40,207 

40,867 

.3S980 

4:1. 1.V) 

85,619 

42.794 

60,039 

5.M8S2 

65.800 

46.9J0 

52,812 

1874. 

1875. 

(812  m.) 

(812  m.) 

$ti47,4(6 

$500,902 

513,016 

441,628 

615,930 

611,211 

6S:j,802 

635,179 

581.782 

519.8  i2 

6118,8;» 

637,703 

751,696 

654,206 

8t-L-IroiH 

1874. 
(B90m.) 
$250,074 

217,368 

236,188 

■2.10,4:14 

244.894 

•2.)8,608 

215, -348 

251,2.30 

292.216 

3-58.777 

3.50,860 

885,000 


^Illinois  Central.-.    ^Ind.Bl.&West'n.- 


.  Jan 

.Feb.. .. 
.mar.... 
.April.. 
.May... 
Jnne.. 
.Jnly... 
.Anc.... 
.Sept.... 
.Oct..  .. 
.Not.... 
..Dee 

..Tfear .. 


.Jan 

.Feb.... 
.  Marcb 
.April.. 
.  Inay . . . 
.June.. 
July... 
i.AUK.... 
.Sept.... 

..Oct 

..Nov... 
..Dec... 


1874. 
(1109  m.) 
$583,997 
617,674 
66t,79:i 
586,962 
621,013 
n92.4le 
627,454 
711,969 
758,5:i6 
8.38,  :107 
668,943 
680.435 


1875. 
(1109  m.) 
$551,534 
468.168 
536,188 
.586,716 
."84,764 
599,9-28 


$7,900,720 

Ho-,  Kan. 

1874. 
(786  m.) 
$266,333 
280,371 
21)2.801 
214.000 
221,600 
237,420 
245,  HOO 
289,000 
3.34.400 
3l-')500 
280.000 
252,700 


..Kear..     $3,150,725 


t  Texas. 
1875. 
(736  m.) 
$199,680 
195,234 
235,4;,'8 
200.339 


1874. 
(.344  m.) 
$151,795 
1-29.304 
151,186 
140,3:i4 
119,910 
130,164 
124,395 
1-14.173 
154.192 
146,958 
118,868 
114,076 


1875. 
(344  m.) 
$116,542 
9h;824 
104.7.50 
100,767 
88,017 


. — Mobile  &  Ohio. 


1874. 
(517  m.) 
$29.t,927 
213,848 
174,968 
134,954 
14(;,667 
120,407 
119.047 
116,6:19 
155,202 
212,607 
287.846 
885,408 

$3,391,019 


1875. 
(5:7  m.) 
$196,729 
156,174 
130,251 
1(«,711 
100,532 


^Ind.  Cin.  &  Lat-, 

1874.  1875. 

(1-9  m.)  (179  m.) 

$144,944  $183,787 

138,661  111,355 

148,903  136,860 

153,:h73  153,784 

144,878  145,892 

14■^,561  

141,540  

156.885  

175,634  

174,630  

148,463  

154,499  

$1,823,115  .    ..777 

. — Ohio  &  Miss. — . 

1871.  1875. 

(395  m.)  (395  m.) 

$266,039  $249,260 

243.167  243,624 

804.842  r    810,903 

298,665  I 

268,807  I 

292,546  --■ 

282.667  6 

324.380 

364,374 

381,022 

809.597 

296,013 

$3,6.32,099 


t.  &So. 

1875. 
:690  m.) 
^,.395 
285,200 
275,.?00 
268,570 
264,446 
275,300 


..Jan.... 

..Feb.... 

..inar.... 
..April.. 
..May. .. 
..June.. 
..July... 
..Anc. .. 
..Sept.... 
..Oet .... 
..Not.... 
..Dee.... 

..Tear.. 


.-St.  L.  &  8.  East.- 

1874. 
(858  m.) 
$111,940 

99,447 
107,971 

93.997 

88,5-58 

96,939 

92,821 
110,924 
118,812 
181,865 
102.608 
102,912 


$1,263,691 


1875. 

1874. 

(a58  m.) 

(248  m.) 

$84.5M 

$96,794 

80,087 

82,854 

89.(100 

98,023 

85,935 

94,569 

73,724 

93..346 

84.858 

78,837 

90,718 

107,3.38 

93,986 

73,802 

68,995 

-Tol.  Peo.  &  W.^ 

1876. 

(248  m.) 

$71,487 

61,809 

7^805 


.}1,088,119 


. — Union  Pacific. — . 

1874.  1875. 

(1038  m.)  (1088  m.) 

$620,715  $574,930 

607,99u  620,807 

687,026  918.963 

834.955  1,095,816 

910,065  1,214,668 

902.881  980,000 

850,143        

1.04-2,416        

1,068.998        

1,141,9.38        

1,000.898        

897,159  

$10,669,880  ...  ... 


Joly  10,  1875  J 


THE   CHRONICLE 


41 


^))t  (douiiiieccial  $ime0. 


(;OMMER(UAL  EPITOME. 

'  (lUDAT  NioBT.  July  9.  1875^ 
Th«  Nuioaal  HoHdajr  mad  •  slutiy  dMliae  in  thsgold  preo'lam 

have  ba«a  dIataiUac  UfloMMea  In  bMiacaa  eirelaa  the  pmst  week, 

•ad  Umd»  hM,  oo  the  whole,  been  iaaeti/r,  and  prioea   Tuinble 

and  nnaatUed. 
The  following  U  a  fatemeDt  o(  the  Moeka  of  leading  artielea 

of  domestic  aod  (orelgo  merchmndiaa,  at  data*  ^ven  : 


Oofltak 


I*M. 
Jair  1. 
ilOt 

s:.TM 

tt.0Ok 

n,m 

ar.itt 


. 18J3. . 

Jnac  1.  jBl7 1. 

•LOO  4UM 


.  bM*.      Mil 


H.MI  44.tin 

m,m         M.M9 
MM  >w4n 


ele.  UtwMS 
U 


kS 


iiT,a 


UlMS 


ST.- 


frpeatine., 


■to*,!.! 

Bm.  dooMde 

eauycloU  (C)*L). 
0«aa7  bag* 


5i 


l«MM 


n^w 


AIM 


Jaiebatte. 


M.MB 

ii.ma 

•Ml* 


lao 


*.M8 


law 


JM  i^U 


iMaaawdo. 


Bio  eoVia  haa  eoaUaaad  aetlvt,  kni,  wttk  llbarml  arrirala,  ao 
tepartaai  redwrttoa  of  aiocka  baa  ukeo  plaea,  and  Mild  ipadaa 
hava  baaa  Aim.  Biaa  haa  b««o  laaa  acUTe,  aod  molawae  baa 
lai— laed  doll  aad  aoaiaal.  8agkn  bava  baa«  dull  aod  tho 
advaaee  of  laat  week  haa  baoa  haialj  loaiaiataed,  with  elocka 
■ho«ia(  a  tortbar  aaeamolatkm. 

The  Market  tor  hoc  yaadaeu  opaaad  arntatthaadfaaaaof  laM 
weak :  hat.  lywhitoa  aahridad.  l^  export  dweait  bll  oC  aad 
y w>rida» ■aw  pert  daaNaad  SM.  par  bt>l..i«9W  9S  fbr  Aacaal 
aad  SafMBbar  datlTary:  aad  lard  fall  to  la  3  ISc  lor  Aa/aat 
aad  IS  7-t6&  tor  Sapieaiber ;  aad.  at  tbo  eaao  tiaa.  iha  hicter 
Mfaaa  daaaadad  tor  haaoa  aad  aal  oiaaie  ware  ia  part  ■beodoaad. 
Bmt  haa  baaa  ^aiat.  bat  b»rf  ka«a  have  met  with  mita  laqairj, 
iMd  baiac  Maiaa  om  kl(hor.  Thitaw  adraaead  to  ij$t  llde.,  bai 
aa  ilaiday  a  ptrtloa  of  ibia  vm  laei.  T»daf .  there  wae  a  par 
ttef  faaaaaqr.  aasi  pork  ealllac  at  fK  SS  for  Aogaat  aad  (W  41 
far  Napla*bar :  prina  Maam  lard  at  13K  t^  Att«aat  aad  U%e. 
Cer  fcplaiber..  wUb  HaploMbar  prieaa  earraat  forloUoo  the 
epoL  Tallow  waa  aora  ealabla  at  9a.  far  prtoM.  Batter  flrm 
tor  taa aorta,  bat  chiiei  haa daaUaed  la  llMUi«- 1"*  prlaaa  to 
ilerta^  drm. 

H»  haa  rated  lower  aad  vary  dall  ait^Ua.  tor 
l4CSia  tor  kaf ;  the  aUaa  for  tha  week  eiabiaairl  oaly 
M  hhdaw  a(  whiah  MO  were  for  export  aad  180  for 

1  liaf  haa  eoattaaad  ia  lair  damaad  aad  ahoat  naady 
Crop  ol  1673. 40  caeee  Xev  Torb  at  1^0..  M 
■I  aad  MaaMdMaetta  at  9c.  crop  ai  187S, 
at  7«>4ii.  40aMaa  Hew  Tark  « Ic,  MB  «Maa  Wiaaoaatn  at 
7K.**d»l  tMM  Ohio,  part  at  lOik:  aa«  «ap  a(  1074.  IW  aMea 
Mt  oa  prtrata  tanaa ;  alw>.  100  «Maa  aaadry  hlada  at 
Ipaalah  lebatao  t-aa  laaoiaad  atoady.  with  a  ■oJarala 
thaaalaawareM0ba|«iHaraaaatMc«91  10. 

Haaiid  oil  haa  mied  lower  aod  qait  at  •tSdOs.  Crada  aperai 
haa  beea  qalot  bat  SrsL  Meobadea  ia  la  larna  aapply.  aad  aold 
tothaoKioatot  900bble.at  aa«lfti«.  HldM  haea  haea  qatot; 
dty  Moataaidaa  aotd  at  ai|a..cald.  aad  «ttyahM«ktar  at  Ma., 
aariaaay.  fWb  here  been  qalat  aa-l  naehaagad.  Whiahay  hae 
adtaaaad  to«l  2S.  bat  cloae*  da'.l.  Wool  ia  fairly  actHa.  bat  at 
woakaalac  prtoea  for  low  irrada% 

The  laarfcat  tor  oceaa  frelcbla  doee  not  abow  tha  Inaaeaa  of  « 
week  afo ;  tha  prtoea  of  the  iMdIac  etaplaa  have  adeaaoid.  aad 
aspartora  hara  aaoMaarily  laetrletvd  their  BoroaMau.  Uato 
wgaaiWMia  aad  ehartaai  laalada  :  Urala  to  Uearpeol,  by  atsa«, 
Of^M.:  tobacco  at  U*. :  araia  by  aa.1.  7|MJ.:  do.  t>  Umdoa,  by 
aell,  M.  Caaa  oil  to  ToiohaoM,  He,  do.  to  the  Madllsrraaaaa. 
Mie^gold;  r>iaed  pettoleam  la  bbla.  to  BreMea  or  Antwerp, 
4a,  i^d.  To  day  ihore  waa  mora  acUTlty,  thoacb  at  a  farther 
daallaa  In  late  ralaa;  grain  to  Liverpool,  by  etaaia.  7(99id.:  do. 
by  nail,  at  tha  nanie  ralae;  do.  to  lyiadoa.  by  eail,  Od.,  Aoar, 
1m,  Id.:  grain  to  Brtatol,  by  lail,  8^  ;  do.  to  Olaagow,  by  tlaam. 

M4  rh 49a..  aad  aofar  at  tla  3d.  par  ton.     Orala  to  tiM 

Uaaiiaaat,  t*.M.:  rataad  patvatoam  to  Llrerpool,  Sa.-,  do.  to  tbo 
Baltic.  Sa.  M.;  do,  to  Briatol.  Sa. 

Tba  roala  market  haa  dadlaed  ander  a  eootlnnad  dalnaaa; 
•tralaed  to  itood  do.  oeoted  at  91  70S$I  79.  Bpirlta  tarpaatlaa 
early  la  tha  waak  daellaed  to  3>c  .  aod  laturly  a  good  biielawa 
haa  baea  doaa  at  thto  pttce,  aad  eloaea  steady.  The  oarket  for 
fataad  panab«i  faaalaa  aa«dy,  oadar  tba  United  oflbrlags; 
tbo  banam^  baawiai,  haa  baaa  Tery  aKMlarsM ;  apot  aod  all 
Jaly  danvary  etoaad  at  l»t«ll^:  erode,  la  balk,  baa  been  doll 
aid  decUalaf  at  HaHi.  lor  prompt  aod  all  Joly  dellrery. 
laaot  aappar  raaulaa  ata«ly,  wUh  aaJes  lattorly  of  iOOfiOO  lbs. 


Bzparta  of  Leaatac  Articlaa  troaa  New  YorK. 

The  folio  wing  table.oompileUlrom  Cob  tomUuaaereturne,ahowa 
the  exports  of  leading  articles  from  the  port  of  New  York  eince 
January  1, 1875,  to  all  the  principal  foreign  countries, and  aleo  the 
totals  for  the  last  week, and  since  January  1.  The  last  two  linel 
Aow  total  so^UM.includingtlio  value  of  all  otherarticles  besid«'8 
those  men tion«>d  in  thotabl* 


13 


8  2  8'  -■  '        ^ 

.  i5sS=?.ssSISSP?ip|8SSS?§5SSS|ISSi  s" 


fiS  o  rf  S  •*    6' 

gig    •    ■  ^    -•    i     "■-  5-1 

d5 ;  i .«  i  ;5g   2  812  §  1  »«« i  ^8 :  r  :s  us 


.8Hii. :!:=!«:!. 


i3|5  i=S8 


8  :  :  :a««5  :  :  :8 


hi  111  *  ^   '■  "'^w  sa  m  Sit  :•  Si  8| 

.•3  ^         "   w<f 


J:6!«:|!:2 


■5 


: :  :  : : :  :t  :  :{  :  a  :  :  :  -IS  i*'  :  iS  :  :  :«ni 

:::::::-  :i  •  :|  :  iP  :|  :  :S  :  :8I  :  i  SE 
:::::•:..  .g  •  -3  .     •  .  .5  :  :5  :  :       •  ■  gg 

:l  • :  :I5I ;  :§  i  11  !■  !3l«li  iJSSM  §§ 
:^ :  iSSSSmi|i§|gf8|3||''38S|SiS 


P^«^iSi|iiiiii^#^Ptf 


k 


ttit:  cHUoNica^fi. 


[July  10,  1^:5. 


Imports  of  I«eadliiK  Artlelea. 

The  foUowiDff  table,  eomplUd  from  Custom  House  returns 
shows  the  foreiirn  imports  ol  leading  articles  M  this  port  since 
Ju>.  1, 1875,  ana  for  the  same  period  of  1874  : 

(The  (laantlty  Is  giren  In  packages  when  not  otberwise  speciflod.] 


Since 
JSD.l.'Ta. 


Otaloa,  «)**•  and 
Sartbeawsre— 

Ohiiut 

Btiilienwara. 

^Snware  . . . 

OAal,  tons 

Ooco*.  bags.. 

OofTee,  bass 

UQtton,  buos.  . 
Drofcs,  *e— 

Baric.  Pemrtac.. 

Blea.  powders. . . 

Oochlneal 

Cream  Tartar... 

Gambler 

Qam,  /Urabio.... 

Indigo 

Madder 

Oils,  essential.. 

Oil,  Ollre 

Upiam 

Soda,  bl-carb.... 

Soda,>ial 

Soda  ash 

Flax  

Fnn 

fnnnr  cloth 
air 
emp,  bales 

Hides,  Ac— 

Bristles 

ESdes,  dressed.. 

India  rabber 

iTory 

Jewelry,  *c.— 

Jewelrjr 

Watches 

Lloaeed 

li<i*assea 


Same 
tlmeint 


CMS 

19.»i 

tea.«&i 

1S,«M 

t,vi 

6M.43& 
S,«a6 

am 

n.aod 

a.s!s 

81 « 

(.6« 

2,881 

2,S39 

1,1'40 

1U 

4«« 

16,200 

8I.M9 

81,838 

5,803 

4,«0 

1,418 

8,641 

68,*U 

896 
S,Ui 
31,8-M 
i8,10« 

1,681 

480 

466,948 

79,438 


B,4BS 

18,880 

838,889 

14.0*4 

8,886 
I0,>» 

10,68! 

808,718 

t,llN 

18,644 

1S.493 

*,78S 

7U 

a«,81i 

8.114 

8.988 

1,848 

688 

14,»95 

894 

!6,0J9 


685 
9,856 
100,585 


Since 
Jan.1,'75. 


lUtalB,  Ac— 

Catlery 

Hardwaie , 

Iron,  RIl.  bars 

LMd,plKS 

Spelter,  lbs... 

Steel 

Tiu,  boxes 

Tin  slabs,  lbs. 

Rags 

Samr,  bbds,  tcs.  A 
6bls ! 

Ssgar,  bxsdtbag*. 

Tea  

Tobacco 

Waste 

WInoa,  Ac- 
Champagne,  bks. 
Winea 

Wool,  bales 

Artiatt  reportti  by 
valiu— 

Cigars 

Oorka 

Fancy  goods. . 

86.T36I  Fish 

«5,a-26  iFrnlts,  &c.— 
6.097 
8,890 
—      Nata 
Raisins 

Hides,  nndrossed.. 

Klca 


779 

4.884 

30,5ni 

1,004 

1,630 

515 

435,664 

73,68i 


Spices,  &c.— 
Cassia..    .. 

Olnger 

Pepper 

Saltpetre 

Woods- 
Cork 

Fustic 

Logwood  . . 
Hanogany. 


Same 
time  1874 


3,:oo 

1.TW 

11.077 

56,787 

804,876 

48,888 

683,786 

4,088,2)6 

78,290 

403,041 

1,089,(16? 

5:>7,6i7 

80,332 

1,140 

5.S,68r 
93,161 
29,602 


$876,680 

48,277 

506,983 

116,994 

855,103 
1,688,362 

578,415 

714,687 
6,017,195 

185,012 

149,967 
60,692 
821,78- 
132,36:) 

166,933 
35,391 

21.3,826 
72,627 


2,198 

1,558 

172,160 

109,979 

1,14-3,907 

56,873 

670,268 

6,584.797 

64,567 

446.866 

707.671 

701,777 

51,111 

2,250 

61,091 
85,580 
25,86^ 


{1131.323 
87.241 
485,925 
101,767 

506.271 
1,284,S28 

717,700 
1,084,063 
7,215,449 

574,120 

51,104 
69,313 
827,754 
313,108 

152,684 
14.863 

148,954 
64.382 


Reoelpta  of  Domeatlo   Prodnee. 

The  receipts  of  domestic  produce  since  January  1, 1875,  and  for 
th^et  same  time  in  1874,  have  been  as  follows  : 


Since 

Same 

Jan.1,'75. 

time  1874 

Ashes pkgs. 

4,807 

4,909 

Breadstnffs— 

Flour bbls. 

1,867,217 

2,094,581 

Wheat bnsh. 

9,675,084 

23,239,196 

Corn 

9,949,313 

18,861,239 

Oats 

4,325,28.-) 

5,079,288 

Kye 

72.940 

432,2M 

Barley  and  malt. 

1,063,524 

597,408 

drass  seed. bags. 

51.470 

84,354 

Beana bbls. 

37,322 

88,847 

Peas bu»h. 

231.557 

336,0  te 

C.  meal.... bbls. 

68.776 

124,94il 

Cotton bales. 

854.126 

618,l-2t 

Hemp bales. 

1,547 

2,21t 

Bides No. 

1,024  076 

989,5« 

Hops bales. 

7,148 

9,18i 

Leather.  ...sides. 

2,CS4,9T8 

1,890.301 

Ualasses..  .  bbls, 

21,667 

a8,40e 

Naral  Stores— 

Cr.  tarp.  ..bbls. 

4,038 

S,88t 

Spirits  tnrpen... 

31,294 

36,776 

273,197 

232.361 

Tar 

16.689 

87.528 

ntch 

899 

2,863 

Since 
Jan.1,'75. 


Oilcake pkgs. 

Oil,  lard.... 

Peanuts bags. 

Provisions- 
Butter  pkgs. 

Cheese 

Catmeats 

5«K» 

Pork 

Beer 

Lard 

Lard kegs. 

Rice pkgs. 

Starch 

ritearlne 

Sugar bbls. 

Sugar hhds. 

Tallow pkgs. 

Tobacco 

Tobacco hbi^a. 

Whiskey bbls. 

Wool bales. 

!  Dressed  Hogs . .  No. 


Same 
time  1874 


129,557 

3,615 

84,738 

460,957 

665,535 

186,486 

258,918 

96,636 

16,460 

171,467 

8,385 

11,171 

183,289 

11,530 

29,0  !0 

12.330 

7,718 

93,365 

25,057 

91,505 

89.710 

46,822 


91,121 

1.668 

82,053 

428.940 

604,012 

225,415 

312,912 

85,450 

15,130 

167,498 

22,768 

11,983 

19;,361 

12,919 

'284 
20.934 

104,591 
56,503 

109,899 
34.785 

106,793 


as  made  up  this  evening,  are  now  168,552  bales.  Below  are  the 
eiports  and  stocks  for  the  week  and  also  for  the  corresponding 
week  of  last  season. 


WeekendlDK 

July  9. 

ft«w  Orleans 

Mobile 

Charleston... 

Savannah 

Galveston  — 
New  rork... 
Other  ports*. 

Total 

Slnee  Sept.  1 


K 

xported 

to— 

Total 

thU 

veek. 

Same 
week 
1874. 

SCOC 

K. 

a. Brit. 

Franoe 
"ill* 

Contln't 

l',279 
l,(il« 

a.3»5 
425,171 

1879. 

1874. 

«,2«0 

i;S25 

7,&3I 
l,5i2 

7,«0l 

iM 
9,118 
3,138 

21,477 
2,632,400 

<,B50 
491 

■«i9 

8,9i5 
1,712 

28,579 
MS 
6,194 
1,»83 
8,458 
97,180 
25,000 

81,129 

«,as9 

9,447 

11.726 

9,189 

122,216 

28,000 

16,941 
1,9«1,34:! 

1,641 

845,886 

13,151 
2,759,635 

188,552 

218,541 

♦  The  exports  this  week  under  the  head  of  "other  ports"  Include  from  Balti- 
more 799  bales  to  Liverpool  and  1,6:16  bales  to  Bremen  ;  from  Boston  723  hales  to 
Liverpool ;  from  Philadelphia  80  bales  to  Antwerp. 

LKP"  ^"^  telegram  from  New  Orleans  to-night  shows  that 
besides  the  al>ove  exports  the  amount  oi' cotton  on  shipboard,  and 
engaged  for  shipment  at  that  port,  is  as  follows :    For  Liverpool, 

1,000  bales;  for  Havre,  4,000  ijales  ;   for  Continent, bales; 

for  coastwise  ports,  l.OiX)  bales ;  total,  6,000  bales;  which,  if  de- 
ducted from  the  stock,  would  leave  23,500  imles  representing  the 
quantity  at  the  landing  and  in  presses  unsold  or  awaiting  orders. J 

From  the  foregoiut;  statement,  it  will  be  seen  tbai,  compared 
with  the  corresponding  week  of  last  season,  there  is  an  increase 
in  the  exports  this  week  of  7,826  bales,  while  the  stocks  to- 
night are  49,989  bales  less  than  they  were  at  this  time  a  year 
ago.  The  following  is  uur  usual  table  showing  the  movement 
ofQotton  at  all  the  ports  from  Sept,  1  to  July  2,  the  latest  mall 
dates : 


POBTS. 


New  Orleaas... 

Mobile  

Charleston*  ... 

Savannah 

Galveston* 

New  York 

Florida 

992,173 
818,448 
438,589 
696,737 
S59,8(B 
153,012 
rJ.iW 

No.  Carolina,.. 

Norfolk* 

Other  porta.... 

10l',810 
406,796 
78,917 

aaoaiPTs 
siHoaeaPT.  1. 


:873. 


Great  Other 

Britain.  France.  For'gn 


il2ll7,93( 

I  295,171 

4*1,223 

642.113 

390,858 

192,819 

12.914 

5I,2irl 

492,048 

49,177 


Total  this  year.  3457,934 
Total  last  year.t       


BXPOKTan  siHoa  sapT.  1  to- 


575,603 
8«,S15 
197,666 
263,678 
205,86^ 
855,252 

14,325 
63,62' 
81,666 


244,964 

8,150 
41,084 
36,000 

2.496 
11,551 


Total. 


972,149 
131,342 
273.029 
422,592 
319,331 
40:,189 

15,375 

67,212 
102,707 


1344,403     344,245  ,  422,276  ,2610,923 


3764.168    1775,654  I  861,986      603,334    2746,004 


Stock. 


34,669 
3,698 
5,724 
1,919 

11,232 
106,038 

'706 
3,826 
25,506 


192,302 


339,914 


COTTON. 

Fbidat,  p.  M.,  July  9,  1875. 
By  special  telegrams  received  to-night  from  the  Southern  Ports 
we  are  in  possession  of  the  returns  showing  the  receipts,  exports, 
&C.,  of  cotton  for  the  week  ending  this  evening,  July  9.  It 
appears  that  the  total  receipts  for  the  seven  days  have  reached 
6,981  bales,  against  0.108  bales  last  week,  9,708  bales  the 
previous  week,  and  13,833  bales  three  weeks  since,  making  the 
total  receipts  since  the  first  of  September,  1874,  3,464,465  bales, 
against  3,773,330  bales  for  the  same  period  of  1873-74,  showing  a 
decrease  since  September  1,  1874,  of  308,765  biles.  The  details  of 
the  receipts  for  iiis  week  (as  per  telegraph)  and  for  corresponding 
weeks  of  five  previous  years  are  as  follows: 


Meoelved  this  week  at— 


Raw  Orleaas  ....bales. 

Mobile 

Charleston 

Fort  Koral,&c 

Bavannab 

Oalreston.  ..  » 

ludlanola,  Ac 

Tenaessae.Ac 

Florida 

North  Carolina 

Norfolk 

CltyPoUit,  Ac 


Total  this  week 

TotalslDceSept.l.. 


870 


» 

433 
SCO 

si'idt 

18 


6,531 


1874. 


2,140 

270 

1,133 

"S52 

839 

11 

1,5«5 

14 

331 

2.4.58 

129 


8,762 


15,181 


8.464,466    8.7!3,230     3,933.636 


1873. 

i,\K 

W 

■     1.762 

1,118 
493 

2,801 

"aoi 

4,333 
569 


isn. 
isi 

136 

1,001 

493 

39 

1,349 

48 
465 
866 


4,673 
2,597,472 


6,378 
967 
1,578 
1,038 
3,830 
2,615 
29 


}     1..^ 


18,468 
3,929,160 


2,643 
456 

1,355 

1,840 
434 

1,126 
47 
108 

611 


8,565 
3,835,607 


The  exports  lor  the  week  ending  this  eveoiag  reach  a  total 
of  31,477  bales,  of  which  16,941  were  to  Great  Britain,  1,641  to 
France,  and  8,895  to  the  rest  •!  the  Continent,  while  the  gtocka, 


*  Underthe  head  of  CharUainn  Is  Included  Port  Royal,  &c.:  under  the  head  of 
OalfieaUmlt  included  Indiaaola,  Ac;  under  the  head  of  Norfolk  Is  Included  City 
Point,  &c. 

The  market  the  past  week  for  cotton  on  the  spot  has  been  quiet 
brisk  at  firm  prices.  A  good  demand  has  prevailed,  both  for  con- 
sumption and  export,  and  with  shocks  within  comparatively  nar- 
row limits,  holders  have  had  no  difliculty  in  obtaining  pretty  full 
rates.  A  momentary  weakness  was  caused  on  Wednesday  by 
the  sudden  decline  in  the  premium  on  gold,  and  reports  from 
Washington  that  pointed  to  it."?  still  further  reduction  ;  but  yes- 
terday the  tone  of  the  market  was  more  steady.  It  is  believed 
that  American  spinners  are  carrying  only  small  stocks  of  cotton. 
Today,  quotations  were  marked  up  ^,  with  a  moderate  business 
for  consumption  and  speculation. 

For  future  delivery  there  has  been  less  activity,  and  the  fluctu- 
ations comparatively  slight.  At  the  opening  on  Tuesday  the 
stronger  and  more  active  market  at  Liverpool  gave  quite  an 
impetus  to  speculation  and  carried  up  prices  \c,  but  this  was 
mostly  lost  the  ncixt  day  under  the  decline  in  gold.  Yesterday 
prices  were  more  steady,  and  the  early  months  l-32@l-16c  higher, 
but  the  busineas  quite  unimportant.  Crop  accounts  continue 
generally  favorable,  but  the  impression  has  prevailed  on  the  street 
that  there  has  been  too  much  rain  in  the  Atlantic  and  some  of 
the  Gulf  States,  hindering  cultivation  and  giving  the  grass  a 
chance  to  get  an  undue  growth.  This  idea,  and  the  reduced 
stocks  of  the  present  crop,  with  firmer  accounts  from  Liverpool, 
have  been  the  principal  elements  of  strength.  To-day,  the  early 
months  were  again  l-32@l-16c  higher,  but  the  later  months  were 
dull  and  unchanged.  After. 'Change  there  was  a  steady  feeling, 
with  sales  at  15  13  33c.*  for  July  and  August,  15  116c.  for  Sep- 
tember, 14  23  82c.  for  October,  14  15  16c.  for  February,  and 
15ic.   for   March.      The    total    sales    for    forward   delivery  for 

the   week   are    70,000    bales,   including free    on  board. 

For  immediate  delivery  the  total  sales  foot  up  this  week  7,208 
bales,  including  2,074  for  export,  4,08!i  for  consumption,  445  for 
speculation  and  —  in  transit.  Of  the  above,  —  bales  were  to 
arrive.     The  following  are  the  closing  quotations  : 


New  Classification. 

Ordinary per» 

Aood  Ordinary , 

LowMlddllng 

Middling 

9ood  Middling 

Mlddlmg  Fair 

Fair 


Uplands. 

Alabama. 

New 
Orleans. 

Texas 

13  «... 

15  a.... 

i3xa.... 

i3i<a... 

I4X».... 

iixa.... 

i4Ka.... 

u%»... 

Kii».... 

i5!<a.... 

isxa.... 

i5sa... 

i5Ha... 

i5^a.... 

isxa.... 

i5xa... 

16  «.... 

16X«..., 

i6Ha.... 

i6xa... 

16K»... 

16X«.... 

i6xa.... 

i«;<a... 

l-)i®.... 

nj^a.... 

wxa.... 

i7Ha... 

Below  we  give  the  sales  ot  spot  and  transit  cotton  and  price  of 
Uplands  at  this  market  each  day  of  the  past  week  : 


New 
Classlflcatlon. 


Saturday 

Monday 

Tuesday 

Wednesday.... 

Thursday 

Friday 

Total 


Con-  Spec-  Tran. 
Bzp't.  sump,  nia'n     sit. 


I, '34 

950 


2,074 


376 
2,036 
1,160 
1,117 


Total. 


Holiday 

Holiday 

3;e 

8,160 

2,110 

1,56^ 


7,309 


Ord'ry 


12« 
12X 
13H 
18 


Good 
Ord'ry. 


14)4 
14 1< 
14J4 
14X 


Low 
Hidl'g. 


13 
16 
13 
15X 


Mid 
dllng 


16X 

16H 
ISH 


July  10,  18t5.] 


THE  CHRONICLE. 


43 


rat  /ormid  dallMrr  tUe  nle«  (Indadlng  fre«  on  board) 

tmiB  iMfhiil  duriatt  tho  wx^k  70,000  bales  (all  low  middling  or 
•ttlha  baaiiof  low  iuiddlin<l.aad  tbofolloiriag  ia  a  aialemeat  at 
tUa  aalaa  aad  prioaa  : 


rerJaty. 


i: 


ia»i* 

ui« 

:::::u-ai 

Uk-M 

!»H 

I5IM< 


X«i  law  Jaly, 


13 
..15  (-M 

.■■ti.a 

.  ...OH 

tiiiai 

..U>M 


1.100. 


1* 

....»>•■ 

....ISI-U 


S: 


en. 

......IV 


Fot  OcMtar. 

■0 U  l»3i 

«».... :«H 

agi II  ti«i 

i«i Mi:-ti 

—  u  — 


'.14»d 


i.aa. 

I«D iits-u 

iun  total  Oct. 

For  Ko*«aib*r. 

M* 14  \:n 

iu i<  ».i* 

....II  i*»j 

.....MM 

«,'.« Mn« 

'MO. Uli-M 

Xm  total  Sot. 


_     eu. 

nif  Docdobar. 
—       ...i4:m» 

...u  ii-:t 
ttIK  total  Dm. 

Var  Jaaoary. 

Utt*t 

.14  »l< 
.11  »« 

IW  total  Jaa. 


■t; 


»ar 

I 


a:.::;r;.iia 

E 


Mlk-M 

It 

.U  1« 
.U  |.|« 


)  total  Fab. 


ett. 
rorMaich. 

•» U  t-li 

.ant 


For  April 

«V1» 

M». U  ll-M 

M» UIS41 

ua w  7-n 

1m  total  AprlL 

For  May. 

H»l« 

l»H 

m  total  May. 

For  Jaaa. 

ao u»« 


The  folIoirlBK  fill  thow  spot  qaotatloos  and  the  eloatng  prlo 
bid  for  fnturca  at  tha  aararal  date*  aamod : 

unr  WDDUsa  vn^MV—ct»  m  laantOATioa. 

Moa.       Taaa.        Wa*.        Tkan. 


ti 


i       It  ii-«    B        nX:*     Mk 
{       u  u-ti    BVa     u  ii-Ji    uli 


Wkatrkb  RiroBTa  bt  TxLBABArR.— Oar  talarrapble  reporta 
l»«ifht  la<Mwl«  la  gcaarml  •  r«iiiai*«l  of  th»  amfntaUing  faaturM 
Mla<at*l»«paiattlaM  weak.  !■  (a«t,  JMl  aov,  with  tlia  ex 
eepttoa  of  Ten*  aad  ether  limited  dietriala  where  drtafht  U 
ccwplalaed  of,  th«  w«atk«r  appMM  to  be  peealtarl;  taTurabte  ; 
blf h  tanpemtare,  attended  with  atoet  deil(htfal  ahowen.  har- 
itC  baaa  tha  pKMatoaat  eoadlitoaa  over  a  rutf  Urff*  pottloa  oi 
bait,  the  ahawefa.  aM  howavar.  batag.  ao  far  aa  oar 
aojr  wbara  eceaarfra,  the  talal  lalatall  for  Iha 
waek  at  moat  polaia  reaetilBf  l«aa  thaa  oaa  Inch.  Oi  eooraa  thia 
ia  a  very  critical  time  with  the  crop,  too  wet  vaalher  and  ita 
eoaaaa,iiaBt  erlla  being  bow  tha  chief  daagar.  Froca  Meaiphia  we 
have  tha  eoaiplalDt  that  raia  la  ■eeded',  aad  that  the  eropa  are 
auibrlag  fiott  the  wast  o(  It,  aad  the  aame  aomplaint  la  agala 
lapaalad  lo-aif  ht  from  parta  of  Tcxaa,  thoagh  the/  hare  had 
aaaM  raia  darlag  the  waak.  bat  a«t  aaoafh. 

gaUaarf— ,  7>aar— Tha  weather  thU  waek  baa  baaa  hot.  aad 
tha  cropa,  whiah  aiv  gaaara^f  backward,  aaed  laia  badly.  Wa 
had  rate  bar*  oa  oaa  da/,  bat  the  miofall  waa  oolj  elghiaaa  h<w- 
dwdtha  of  aa  lack.  Oeeaalooal  ahowara  hare  fallea  throagh  tha 
Rortheta  part  a(  the  StaXa,  bat  ao*  eaoagh  tor  aa/  good  reealta. 
Fatly  Matarad  holla  wara  laaalaad  ha«a  lo^daj  fro«  Colorado 
Ooaaty.  Tha  tharwwalar  hoa  airaraged  W,  Iha  lowaat  batef  90, 
aad  the  klghaal  Ww 

AdHaaalit.  IWaa.— We  hare  had  a  rainfall  tUa  we«k  of  fUly. 
■(k  haadradtha  of  an  iach  whIA  waa  graatljr  aaadMl.  aad  more 
la  aaadaa  badljr.  The  .benaomaUr  Uaa  avaragad  83,  the  higheat 
balag  M.  aad  tha  lowaat  74. 

Ckmmn;  IkaMi— Thare  hoa  baaa  oo  lala  heia  thia  week  aad 
tha  eropa  aaad  rata  aad  are  beiag  damaged  from  tb"  w«ot  o(  it. 
The  thiimimalir  haa  aeangod  07.  the  highail  batag  101  aad  tha 

iffw  OrUmn*.  ZaaWiiaa.— It  lained  here  oa  riz  days  tha  paat 
waak,  local  abowert,  tha  rainfall  reaching  Ihraa  aad  Diaatj-aiz 
haadradtha  laahaa.    Tha  tharmomaiar  haa  aToragod  8}. 

8krm*fert,  LaoMaaa.— Thara  waa  a  IhoadaMorm  hara  oa 
TaMday  with  a  laiafall  el  aflaaa  haadradtha  of  aa  Inch.  There 
*•••  kaavy  ihaniliirKiiiiiia  la  thla  rlcinlty,  bat  the  raica  were  only 
FMOaL  Ooni  la  aaferlag  from  drought  la  aoma  diairieia.  Avaa^a 
thaimomaiar  88.  highaai  108.  lowaat  74. 

Fidbfrur^.ifiaaiaKpiTi— Thara  waaoaerolay  day  (h«  paat  week, 
Iha  laiafall  laaehlng  lort7.oaa  haodredtha  of  ao  loch.  Average 
UMnaoaaMt  16.  highaat  88  and  lowrtt  81. 

CUbmtM,  MlMtlmippL — tt  waa  abowery  bare  one  day  the  pao*, 
waak,  the  roiofall  raachlag  alataaa  haadradtha  of  an  Inch.  Tha 
tharmoOMtar  haa  ranged  balwaao  73  aad  88,  th*  aTarage  baiag 
79.    Tha  crop  la  daraloplag  proalalngly. 


LUtURaek,  ArkanMoi. — Wa  have  had  no  rain  here  during  the 
past  week,  but  the  surrounding  country  has  had  showers  on  two 
days.  The  thermometer  has  averaged  83,  the  highest  being  95 
and  the  lowest  72. 

JfaiktilU,  TtnntMet. — There  were  three  days  of  rain  here  the 
paat  week,  the  rainfaill  aggregating  one  and  thirty-two  hundredths 
inehea.  The  thermometer  has  averaged  82,  the  higheat  being  9S 
and  the  lowest  73. 

Mtmfhit,  IVanfwati.— Cropa  in  thia  vicinity  generally  want  rain, 
noaa  having  fallen  daring  the  paiit  week.  Average  thermometer 
M.  higheat  04,  lowest  75. 

MMU,  Alabama. — It  waa  showery  three  days  the  paat  week, 
the  laiafall  reaching  one  aad  eighty- four  hundredths  inches. 
There  ia  as  yet  no  dgn  of  worms,  and  the  crop  is  developing  prom- 
isingly.   Average  thermometer  83,  highest  94,  and  ioweat  73. 

Montgomery,  Alai^ama. — The  weather  the  past  week  has  been 
warm  and  dry  ;  no  rain  haa  fallen,  though  at  the  preeent  moment 
it  ia  doady.  The  crop  la  making  good  progreas.  Average  ther  - 
mometer  88,  highest  97  aiKl  lowest  73. 

Sdrna,  AliUiama. — On  two  days  the  past  week  we  bad  delight- 
nil  ahowers  and  the  indications  are  that  they  extended  over  a  wide 
sartaea.  Crop  accounta  eoniioue  very  favorable.  Average  ther- 
mooietar  8S,  and  total  rainfall  two  and  eight  hundredtha  inehea. 

JfatHsea,  Florida. — ^Thare  were  two  rainy  daya  in  the  first  part 
of  the  week  ;  ainee  thea  it  haa  been  clear,  pleaaant  and  warm. 
Tha  rainfall  has  been  forty-nine  hundredtha  of  an  inch.  The 
flaMs  are  all  in  fall  bloom.  We  hear  rumors  of  eaterplllars  bat 
think  they  are  of  very  little  importance.  There  are  plenty  of  holla 
on  tha  bottom  ovtp. 

Jtaeaw,  ffa^r^ia. — There  waa  one  ralay  day  here  the  past  week. 
Avemga  thenaometer  84— higheat  95  and  loweet  ?.'>.  ToUl  rain- 
fall for  June,  three  inchaa  and  aixteen  hundredtha. 

Atlatsta,  Oeoryia. — There  wer^  delightful  ahowers  here  on  fonr 
days  the  past  week,  the  rainfall  reachini;  ninety-nine  hundredtha 
of  aa  Inch.  The  crop  is  developing  promiaingl'y.  Average  ther-' 
meowter  85— higheat  93  and  lowest  77. 

CMimillMi,  Oaoryio.— Bain  fell  on  four  daya  the  paat  week, 
ahowaca,  to  the  estaak  of  eighty-eight  hundredtha  of  an  Inch. 
The  tharoMaaetar  haaiaured  between  74  and  94,  averaging  83. 

fiaaaaaaA,  Oeorgia.-Jvtio  weather  the  paat  week  haa  beaa 
warm  aad  dry,  rain  falliog  on  only  one  day,  to  the  extent  of 
thirty  hundredtha  of  aa  Inch.     Average  thermometer  83. 

Aufyula,  Qtorgia. — ^The  weather  for  the  weak  paat  haa  been 
warm,aaltry  and  wet.  There  were  aix  rainy  daya,  ahowery,  and 
tha  ralafall  raachtd  oaa  Inch  and  aixty-oae  hundredtha.  The 
iaida  ara  dear  of  waa^i :  the  plant  looka  alrong  and  healthy  and 
la  rapidly  daveloplDg.  Aeooanu  in  thia  section  are  very  favor- 
able.   Avorage  tberaoipater  81. 

(M»Hml»»,  S<nM  OWatMo.— The  weather  the  jmtt.  week  haa 
baaa  flae,  and  cropa  look  promialng.  There  were  foar  raioy  daya, 
aad  a  ralafall  of  one  Iach  and  two  handredths.  Thermometer — 
Itlghma  80.  lowest  78.  avorage  83. 

Tha  lolloerlng  atatamoat  we  have  alao  raealvad  by  telegraph, 
alMwIag  the  height  of  the  rivera  at  tha  potato  named  at  3  o'clock 
lUa  afiemo'io  i  Friday,  July  9).  We  give  last  year's  Qgurea, 
(THday.  Jaly  10,  1874)  fcr  eoapariaon : 


!awOrtaaas. 


.Below  Ugh  aatar  aatk.. 

.Above  ffaaaisr  ■am... 


.Abeve  law  walw 
..Above  to»4mtar 


Vtat.       iDCh. 

,.      I  0 

.    M  • 

..    Mlariac 
.    M  • 


Faek  lack. 

8  B 

t  11 

1  0 

1«  4 


Naw  Orleaaa  raporlad  below  high-water  mark  of  1S71  until  , 
Sept.  0,  1874,  wbea  the  i«ro  of  gauge  waa  rhaoged  to  high-water  ' 
laarkof  April  15  aad  18,  1874.  which  ia  0  lOtha  of  a  foot  above 
U71.  or  18  feet  above  low-water  mark  at  that  point. 

MAmvii.LK  CnTTOX  Bxrii.v.xoK  CROP  Kbi'Ort. — The  Naahvi'.le 
■idkaage  delayed  ihair  lapon  for  June  until  July  lot.  We  give 
libalow. 

TMa  raoert  eowss  JMddb  Ibaaiii  aaat  of  Iha  Taaooaaaa  RIvar,  aad  the 
— Laodardala,  Fraaklla,  Oolbart,  Lawraaoa, 

-„ fahall.  Jaekaea,  DcKalb  and  Cherokee.    Tho 

nd  br  the  NeahvtUe  Oottoa  Bzchanf*  throggb  their 
aad  laromaiiea,  eompoaad  of  Joua  P.  Whalaaa, 
uoimBaa.  xaaiL  m.  aampa  aad  Oaow  J.  Oeodrlch. 

b  tetrodaaiag  Ihalr  report,  tha  Commlttao  aay,  that  from  tha 
ohaorfal  toaa  la  wMok  their  oorraapondenta  express  tbemselvea. 
aad  wItH  BO  aaforsaaaa  disaster,  thay  think  that  the  country  may 
look  forward  to  the  largeat  crop,  of  all  kinds,  produced  since  the 
war.  Labor  Is  raportaa  aa  much  improved,  crops  better  worked, 
elaaaar.  aad  groaada  te  better  state  of  culllvallon  than  tor  yeara. 
Ia  portioaa  of  Alabama  eomplalnta  are  made  of  want  of  rain  ; 
while  la  Taaaaaaea,  aaar  this  dty,  there  is  some  complaint  of  too 
ma4ili,  bat  from  other  aeetions  reporta  are  very  favorable  and 
highly  aatlafactory. 

Tha  committee  add  that  since  their  report  waa  written,  teason- 
abla  lalaa  have  fallea  In  locations  re[>orted  dry.  A  correspondent 
from  Uoortlaad,  Ala.,  ilr.  Parahal,  sends  a  bloom  under  date  of 
Iha  $Sth  alt 

Tho  qoaatioaa  aad  aaawars  are  aa  follows : 

laf  ^mmttm—  Wkmlkatttn  Hu  eknwUr  ef  flta  umtkn  Wao  ifoF  ISrt  / 

ilanro-  Ai  laaaa-FsTnrahlt  Wats,  bat  aoat  too  dry.  Soma  complala 
of  eoM  el(hu. 

Taaastaaa  II  report  wann  and  dry :  80  laaaoeable  with  plaotj  ralo ;  olhara 
toTorabla,  axeapt  oomcUlsU  of  cool  nlcbta. 

•f  QH«MaM.-«s*cbra  tMw  any  ad JMsaaf  fkmUnj  >/  CW'oit  ta  your  «K<tort 

Aasisw,— Aiu»«»4— Kaaa. 


41 


THE   CHRONICLE. 


(July  10,  1876. 


TiNxiHii— NoDe.  t  report  Cotton  plowed  up  and  planted  in  corn.  All 
•tree  Out  the  deeretM  Id  «er  «ga  l«  fnllT  ts  per  cent  leea  than  last  year. 

ad  QiMfdOK.-  Maw  art  tkt  iCondi  <^  ballon  in  your  tteOan,  and  U  Uu  plant 
fOrmbtg  and  blooming  trtUf 

./(iMiMr.— Alabama- Standa  rood ;  formlnK  well  and  aome  blooma.  >  report 
bad  a'aoda ;  I  reporta  boll  on  t<>th  ulL 

TuiXBaaii— 8  rrport  bad  lUoda;  balance  all  report  good  standa.  FormiDK 
very  well :  only  1  report  bloomK. 

4a  QiMaHon.—  What  U  Uupnunt  condiUon  <if  Uu  Cotton  crop  in  your  ttelion, 
■<md  Mow  do—  U  eompan  wUa  $amt  tiin  tail  yeart 

.iliwiMT.— Alabama— Better.    Plant  la  •  nail,  hat  IC  days  to  two  weeks  later. 

TxNMBsaxB— 48  report  plai.t  amiill,  and  all  complain  of  crop  being  rally  two 
-weeka  behind  laat  aeaaon.     I  report-  the  aortt  pr  -p  ct  fcir  forty  years 

ilk  OifMon.—SUtt*  itnyfarorab  4  or  ui\favor<uite  rircumtlanea  rtlallvt  to  the 
— — '^  or  eoiuUUon  <^  (At  Uotton  crop  In  yomrtection  not  eotored  by  the  above 


■.—Alabama— Labor  ranch  bettor.  All  hard  at  work.  Only  one  com- 
plaint or  plant  not  iwiklni;  well. 

TiKNiaaBI— 4  report  damage  from  Insecta,  caused  by  cool  eights;  5  report 
damag*  from  graashoppera.  All  report  labor  very  good,  and  crops  clean  and 
ii\  floe  culiivaiion. 

M»  Qu—lion—  What  U  tht  at«rag4  yidd pfr  acre  of  Whtat  <n  your  uetion  f 

.Anrawr.— Alabama— Average  yield  about  8  bushela.  One  r'ports  as  much 
aa  -.0;  another  as  low  aa  five. 

TxNWBaaiB— ATerage  yield  about  12  bushels.  Some  place  It  aa  high  as  15, 
and  others  as  low  aa  5  per  acre. 

7(A  (i'tutU>n.—Whal  u  tlupretaU  coidMon  or  t/u  Corn  crop  In  your  tectUmf 

.AuMMr— Alabama- Very  good.  Never  was  a  better  prospect  for  a  large 
crop 

TsMXcasaB- All  answer  good ;  several,  splendid ;  2,  never  better ;  7,  flue;  1, 
beat  he  ever  saw. 

Average  dates  of  reply.- Alabama,  June  27.    Tennessee,  iTune  29. 

Bombay  Bhipmbnts. — Accordine  to  oar  cable  dispatch  received 
4o-day,  there  have  been  2.5,000  btileg  shipped  from  Bombay  to 
Great  Britain  the  past  week  and  1,000  bales  to  the  Continent, 
while  the  receipts  at  Bombay  daring  the  same  time  have  been 
JuOOO  bales.  The  movement  since  the  Ist  of  January  is  as 
follows.  These  are  the  figures  of  W.  Nicol  &  Co.,  of  Bombay, 
and  are  broag^ht  down  to  Thursday,  July  8: 


.—Shipments  this  week— ,  ^-Shipments  since  Jan   1— , 


Great 

Con- 

Britain. 

tinent. 

Total. 

1875.. 

...»,000 

1,000 

28,000 

1874.. 

...  10,000 

3,000 

13,000 

1873.. 

...  12.000 

18,000 

Great 
Britain. 
765,000 
724,000 
822.000 


Con- 
tinent.   ToUI. 
389,000  1,151.000 
851,000  1,078,000 
191.000     813.000 


, Receipts — , 

This     Since 

week.    Jan.  1. 
o.OOD   1,219,000 
5,000   1,191,000 
2,000      908,000 


From  the  f'lregjiug  it  would  appear  that  compared  with  last 
year  there  is  an  increase  of  13,000  bales  this  year  in  the  week's 
shipments  from  Bombay  to  Europe,  and  that  the  total  movement 
since  January  1  shows  an  increase  in  shipments  of  76,000  bales 
compared  with  the  corresponding  period  of  1874. 

Gunny  Baos,  Baooino,  &c. — The  market  for  bagging  con- 
tinues firm  in  tone  with  an  increased  inquiry  from  the  South, and 
were  holders  willing  to  sell  on  time  an  active  business  would  re 
«ult.  We  note  sales  of  3,000  rolls  at  13c.,  cash,  and  2,500  half 
rolls  here  and  in  Boston  at  13@13^c.,  cash.  The  market  closes 
firm  at  13c.  asked,  with  indications  of  an  active  trade  at  higher 
prices  before  long.  India  bales  are  neglected  at  9J@10c.  Borneo 
sold  to  the  extent  of  25  bales  at  ISc,  cash,  holders  now  asking 
13J@13ic.,  with  a  light  supply.  Butts  continue  in  fair  demand, 
and  with  a  small  stock  holders  are  firm  as  to  price.  Stocks  are 
now  reduced  to  3,700  bales  here,  and  recent  arrivals  have  been 
taken  by  consumers  as  received.  Sales  are  reported  of  1,500  bales 
to  arrive  at  2}c.  cash,  2|c.  60  days,  and  on  spot  1,500  bales  at  2Jc., 
cash  and  time.    The  market  closes  firm  at  2Ji§!2  15-16c. 

V  (8IB1.B  Supply  of  Cotton  as  Madb  up  by  Cable  and  Tkle- 
ORAPH. — Below  we  give  our  table  of  visible  supply,  as  made  up 
by  cable  and  telegraph  to  night.  The  continental  stocks  are  the 
figures  of  last  Saturday,  but  the  totals  for  Great  Britain  and  the 
afloat  for  the  Continent  are  this  week's  returns,  and  consequently 
brouvbt  down  to  Thursday  evening ;  hence  to  make  the  totals  the 
complete  figures  for  to  night  (July  9).  we  add  the  item  of 
exports  from  tlio  United  States,  including  in  it  the  exports  of 
Friday  only, 

1875.  1874.  1878. 

atockat  Liverpool 1,047,000  999.000  918,000 

Stock  at  London 102,750  127,000  186,000 


Total  Great  Britain  stock  1,146,750 

Btockat  Havre 171,250 

Stock  at  Uarsetlles 9,500 

Stock  at  Barcelona 78,250 

Btockat  Hamburg 14,000 

Stock  at  Bremen , 42,750 

Stock  at  Amsterdam 39,000 

Stock  at  Rotterdam 10,0U0 

Stock  at  Antwerp  ...    4,750 

Stock  at  other  continental  ports 15,000 

Total  continental  stocks 384.500 

Total  Bnropean  stocks 1,634.950 

Irdia  cotton  afloat  for  Europe 633.000 

American  cotton  afloat  for  Europe 149,000 

JBgypt.  Brazils,  £c.,  afloat  for  Europe 29,000 

Stock  in  United  States  ports 168,552 

Stock  in  Onited  States  interior  ports  ...  16,001 

United  States  exports  to-day 5,000 


1,126,000 


1,104.000 


165,750 

133,000 

14,000 

15,260 

75,000 

51,750 

28,i5n 

38,000 

46,000 

56,500 

«3,500 

100,500 

27,750 

37.000 

18,000 

29,500 

56,000 

86,000 

Total  visible  supply . 


2,534,803 


509,250 
1,6.35,250 

676,000 
92.000 
51.000 

218,t« 

31,7-29 

3,000 

2,606,530 


547,500 
1.651,500 

4-30.000 
172.000 

55,000 
195.584 

30.39C 
3,000 


2,587,474 


or  the  above,  the  totals  or  American  and  other  descriptions  are  as  fol- 
lows: 

AmirUan— 

Liverpool  stock .,,     914,000 

Oontlnental  stocks , ,.     194,000 

American  afloat  to  Europe 149,000 


482.000 

876,000 

191.000 

246,000 

92,000 

172,000 

Qnited  States  stock 

(Tnlted  States  interior  stocks.. 
United  States  expoits  (O-day. . 


1875. 

168,552 

16,001 

6,000 


Total  American bales.  1,146,553 

Katl  Indian,  Brazil,  dbe.— 

Liverpool  stock 433,000 

'joiidon  stock 101,750 

Oontiiienlal  stocks 190,600 

India  itfloat  ror  Europe 688,000 

Beypt.  Brazil,  Ac,  afloat  29,000 

ToUl  Bast  India,  £c 1,888,250 

Total  American 1,116,553 


1874. 

218,541 

31,7J9 

8,000 

1.121.270 

517.000 
127,000 
2:6,250 
575,000 
51,000 

1,485,2.50 
1,121,-J70 


1878. 

195,584 

30,390 

8.000 

1.022,974 

542,000 
186,000 
301,600 
430,000 
55,000 

1,514,500 
1,022,974 


Total  visible  supply bales.  2,634,803  2.606,520  2,537.4r4 

Price  Middling  Uplands,  Liverpool 7)id.  S\i.  gx*. 

These  ficjures  indicate  a  decrease  in  the  cotton  in  sight,  to- 
night, of  71,717  bales  as  compared  with  the  same  date  of  1874, 
and  a  decrease  of  2,671  bales  aa  compared  with  the  correspond- 
ing date  of  1873. 

.MOVBMffiNTS   OF   COTTON   AT  TUB  INTERIOR  PORTS. — Below  We 

give  the  movements  of  cotton  at  the  interior  ports — receipts  and 
gliipmen's  lor  the  week,  and  stock  to-night,  and  for  the  corres- 
ponding week  of  1874: 

.-Week  ending  July  9,  '75-,— Week  ending  July  10,  '74.-. 

Receipts.  Shipments.  Stock.    Receipts.  Shipments.  Stock. 

Anguata 332  700  2,440  116  88(  9,156 

Columbus 87  143  911  54  197  1,762 

Macon 26  75  1,543  101  174  2,25S 

Montgomery,.,.  ..22  60  719  28  126  369 

Sclma. 87  79  425  85  38S  546 

Memphis 210  1,099  6,158  593  3,360         12,032 

Nashville 2  427  3,805  76  443  5,606 


Total,  old 766 

Shreveport 63 

Atlanta. 82 

St.Louis 130 

Cincinnati 1,798 


Total,  new 


2,073 


2,573 

61 

81 

160 

2.09>) 

2,400 


16,001 

18 

610 

3.015 

3.802 

7.445 


1,053 

107 

37 

227 

864 

735 


5,572 
427 

84 
549 

1,087 


31,729 
184 


9,883 


2,1«  17,964 


Total,  all. 2,839  4,973         23,446  1,733  7,719         49,693 

The  above  totals  show  that  the  old  interior  stocks  hsive  decreased 
during  the  week  1^07  bales,  and  are  to-night  15,728  bales  lest 
than  at  the  same  period  last  year.  The  receipts  have  been  287 
bales  2e8«  than  the  same   week  last  year. 

The  exports  ol  cotton  this  week  from  New  York  show  an 
increase,  as  compared  with  last  week,  the  total  reaching  9,113 
bales,  Riiainst  8,866  bales  last  week.  Below  we  give  our  usual 
table  showing  the  exports  of  cotton  from  New  York,  and  their 
direction  for  each  of  the  last  four  weeks ;  also  the  total  ex- 
piorts  and  direction  since  Sept.  1,  1874;  and  in  the  last  column 
the  total  for  the  samo  period  of  tba  previous  year. 


Exports  o(  GottonCbalea) rrom  Neiv  Verb 

since  Siept.l 

.  1874 

WEEK  BHDnte 

Total 

to 
date. 

«ml| 

period! 

prev'as 

year. 

June 
16. 

June 
23. 

13,566 
2.158 

16,718 

June 
30. 

July 

7. 

Liverpool 

10-528 
2.485 

4,837 

7.834 

856,033 
7,03-3 

403,858 

Other  British  Ports 

Total  to  Gt.  Britain 

12,993 

4,837 
3,662 

7.834 

363,086 
11.551 

403,858 

6,982 

1.701 

Other  French  ports 

iso 

490 

3,662 

163 
204 

900 
379 

11.551 

20,779 
17,974 
2,844 

8,633 

20.468 
4,043 
3.238 

Bremen  and  Hanover 

Hamburg      

Total  to  N.   Earope. 

Bpaln.Oporto&QIbraltar&c 
All  others 

130 

490 

367 

1.279 

41,597 

10 
55 

65 

27,789 

25 

2.647 

Total  Spain,  tec 

.... 

.... 

9,113 

2,672 

Grand  Total 

13,128 

16.208 

8,866 

416,299 

442,902 

The  following  are  the  receipts  ol  cotton  at 
Philadelphia  and  Baltimore  for  the  last  week, 


New 
and  si 


York,  Boston, 
nee  SeDt.1,'74: 


KBW  YORK. 

BOSTOH. 

philadblp'ia 

baltimorb. 

This 
week. 

Since 
Sept   1. 

This 
week. 

Since 
Sept.l. 

This 
week. 

"60 

"98 

Since 
Septl. 

5.681 
4,184 
15,048 

5.676 
3l',653 

This 
week. 

'580 

"21 
39 
93 

Since 
Sept.1. 

New  Orleans.. 

337 

1.633 

449 

■35s 
34 
163 

s;635 
.... 

109,762 

6-2,919 

109,532 

1,270 

5.508 

116,448 

59,383' 

150,950 

13,245 

156,077 

2,644 

■■44 

911 
73 

84.927 
16,793 
41,804 
20,722 

n,m 

4! 

73,862 

68,610 

38,489 

152 

317,400 

325IS 

Savannah 

Mobile 

Florida 

S'tb  Carolina 
N'th  Carolina. 

Virginia 

North' rn  Porte 
Tennessee,  &c 
Foreign 

18,625 

12.075 
18,807 
61,162 

7',960 

Total  this  year 

6.0O4 

787,748 
932,4'68 

3,676 

153 

62,447 

733 

118,529 

Total  laat  year. 

10.662 

3,827 

224 

40,763 

1,460 

109,660 

July  10,  18J6.] 


THE  CHkONICLR 


46 


■■IPPIKO  N«ws.— The  axpoittol  cotton  from  the  United  8t«te« 
the  p«at  week,  kj  pet  imitH  wtail  retarna.  hare  reached  37,305 
bale*.  So  far  aa  the  Soathem  porta  are  ooneemed.theae  are  the 
■ame ex Dorta reported  bytelef^raph.and  publiahed  io  TbrChbor- 
ICLB  laat  Pridar, except  QalreatOD, and  the  figures  fortbat  port 
ar«  theexports  for  two  weeki  back.  With  rezard  to  New  York, 
we  iaeladethemaaifeata  of  all  r eaaala elaared  ap  to  Wedneaday 
alirht  of  thi*  week.  To,,,  b,,^. 

Maw  ToBK— To  LiTOTpooLper  tteamen WtaooB«ia,  1,175 — Botboia, 


CIct  oI 


llito.«.SB 

rOd>T,900 

r  Barter,  S» 


.Brltaaak,  Wrt.... tsjft.t.1*i 


T.ni 

900 

an 


iwOatAun-^aUTeraaal.pcraUaiDn'OanleTm,  t,a>, UlB 

TeRavM,  par  fUa  uaMa,a.lM....par  barkj  Vaanard. 44n 

S«wael  PrOiriUna. «  «ao t.«l 


Te  Vrta  Ctm.  pt  ilaaaig  CUt  of  MTMk.  l.tti 
SATuaiAm—Ta  U*«(pool,  per  hatk  Baful  nawr,  ?I3  Dalaait., 

T»j*a-To  UrerpooC  P»  ■»»■■»  Ithariel,  M" 

Wiuraravoa— To  UTerpottI,  per  bark  I/>aMh  U 

Baareii— Te  Liwrpoel.  per  ilinMur  Lotd  OIHe.  um- 

Pan-asaLraiA— To  Unrpool,  par  itaamar  lailaaa,  tn.... 


TMal. 


l.tll 

tra 

IS 


fr.an 


'nia  itnlealaraol  thaaa  ahlpiBeata,arraaKed  la  oar  oaoal  form 
ara  aa  followa: 

Ut«-  BW-    aa»  Vera 

pooL  Barra.  aaa.   baif.  Cias.  Total. 

!(awTerk 7JU     ....       Ml      Ilk     ....       •.!» 

^tewUrtaaaa. ^ l,Mi  IllW     I.«*t 


T4XBA     •>  •  .    •■•  .•••■■••aa>eaa*«  •*•■••••  •■     l^liOT  ■■■•  aeaa  •••  ••••  l^pOVT 

WUalaataa.... ,. tt U 

IJK 

n 

Total ItjM  •.«■      Mi      (It    l.tti     tT,«H 

Below  «•  (tra  all  neira  reeeirad  to  data  of  diaaatera,  kc,  to 
Taaaala  oarry Iok  oaUoa  f rooa  Oaited  Blalw  porta  : 

>—— I*  «lr..  Miilkiiwt  l>iiaillaiaaaak>i»BBilaa,>iiat>  leaaitail  at aaafcar 
e«C«  Baary.  MMkM.  waa  lowa4  !■•  NorMk SMk. 

!fiaa4aA.«alprB')— TWUnrpoalSalnMAandtrtaa  r«aert*  at  Uverpeel, 
Jaaa  It,  a*  MIowa,  wim  riNreaee  la  faa  itIaiMa.  fraa  Krw  ToA  lOr 
iJTirpeol.  a«>«w  at  ijeleaili  »ta«>;  "WMlkw  balac  (a*ota»le.  «inr 
lNa«anaya4«faak:T«aHieaapiaHiftrakeaaawkai  aaaaharerMea 
Of  Biillaa  are  'ytatatifcaaiiatk  af  Ibo  eaeaa._  U  weatker  caallaae* 


■aa iMta wa be  fattber  MKaga  af  aanoa  br«irtr*."   Twabaadrad 
halaa  of  awaaa  wwe  raeM«ara4  aa  Iba  Mat  Ba4  tN  oa  «k«  1M. 


CMtos  fratf hia  tha  paat  waak  ha**  baaa  aa  Ml«wa : 


mt-rn  ll-M  Moeatp. 

St-m  Ilia  Neaaip. 

fc-«  II  H  Me-aip- 

•  lii  11  !•  M«aaip> 


i-np. 
■  -mp. 


LtrMMroou  Jalj  9. 
Tka  Msrkat  kaa  rnlaa  qaiat  ana  aiaadr   I 
dar  wra  lOjBOO  baiaa.  sf  wkieh  S.OOO  balaa  wat«  far  export  aad 


P.  M.— BTCasLB'FMaii  Urmmroou— 
rnlad  qalat  and  aiaadr   la-d^f.     Salaa  nf  the 


•peealatlon.     Of  tivday'e  aalaa  S.OQO  balea  war* 
weakly  moTaaaeal  ia  xivoa  aa  lollowa  : 

Jaaeia.      Ji 
aalaa af  Ibawaak 
rcraardad 


Amuimm.    Tka 


ofwblcbtpeeaUinretaok.. MW  Mt 

TMtfalatk IJKMI  vnjH 

a(  wWab  Aaerleaa Wl.tm  im.tm 

T«Mla»orto(tba««ak. n.aM 


af  wktab  Aaaclaaa. 

Tka  railowtac  laWa  wOl  ihew  Ibe 

■alar.         Boa. 

BtTcOalaale.   l  »-M       7  >  l« 

*>  oKaaT.  ..•tS       .•TW 

KomoTBAit  CoTroM  XamcBn.— Ia  ralerasfla  to  tbaaa  markata 
ear  eorraapoadeat  la  I<o«doa,  wrltiaK  aadar  tiM  data  of  Joao 
96,  197S.  aUtaa: 

UrnmrooL.Jmm»  91— ThafollevlaK  are  '.ha  pricaa  of  middllafr 
qoailitoa  o(  aott«a,  aoapMad  with  tboae  of  laat  jraar : 

^Palta 

^-OfC*  BM-.     c'd  rair-. 
i«       la        i«     » 

•a »H     MH       17       H 

OH.  a.Or«.  L.BI4.      KM.     O.BM. 


KOiraa.  i)i    T  l-M 


*X      •  1S-t(  T  *-\t 
•  K      •  IS-lk  TV 


*H      *  .»;>•  IK  TH         T  II- 1*  *<t 

it  ol   tba  rear  tha 


_  -      aata  IfU- 

riaa.-.     MM.  Pair.  Oood. 

n     M     »     a     M 

»     ..      rr     »     M 

MI4.P.  MI4. 

Si 


B.r. 
t 


1%       «K 


*X 


Bv«eaiatioa  aad  for  export  have  baaa  : 
iiMa.lattla^ 


Aaaateaa....  U^MV        t%tjtm 
•raifflaa 4jm        laiw 

m.  :adu  M 


U.MI4. 

i'i-ia    iji       ij* 
traoaaetiooa   oa 


— AataalasB.rroa  Aetaal 

U*.,  Ballll  aibar  azp'trrea 

oattjortatadat^^  U.K.  la 

i«n.        1474.  ]n«. 


nraa 

t.TM 
B.Mt 


fcatt 

UN 

UT.Mi 


l«.tlO 

ii,o> 

■ion 

Mi,aN 


.....tiuBo      MUM      tnjn     mjm      mu>n 

TharoIIowiDK*tatemeatabowitha  aaleoaad  Inporta  oi  eottan 
tor  the  week  and  year,  and  alao  tha  atoeka  oa  baad,  oa  Tharrd  17 
f  TealaK  laat : 


•ALaa,  >ro.,  or  txt,  DaacRiprioics. 

<         Bale*  tbU  week ,      Total       Same  Average 

Bz-  Specula-               this       period  weekly  ealet 

Trade,    port     tlon.   ToUl.       T«»r.        1874.  1878.      1874 

Ai„fcieaa..balee.«».900    S.aiiO        «0     ».6eo     M8.KS0 1,074,610  8.1,780    S7,«0 

•rmxIlUn 1.300        40          80       7J»0     »4a.6ID    »00,SOO  !l.«0     8,830 

■«rrp<i*ii s,7so      10      880     s,7w    m.430  isi.an    s,480    a^sto 

SmymmAOreekl    •„        ,,,  J     ...  1.3  0       »,«0|    , -^        ,^ 

Wc»«  Indian....!     *"        '"       •  ■    1      7«       44.130     40,0«0  f    *•*"        "• 
Kut  IndiM I3.:«0    4,310        SOO      17,510     44t,»ro    4S9,.'»0    l-.,(.«)    lO.UO 

9M,600  61.440    SLISO 

8toclu. , 

Same 
dale    Dec  31. 


Total 8S,3» 

TotbU'To  this 
ThU        data       date 
week.       187S.        1874. 

Aaericaa 36,m  l.»B,7tB  L«».7.M 

■caalllaa  ....  Si,449  fl3.ora  rsT.tW 
B«C7P(lan  ..  ijn  166,»S  175. 178 
SmrnuACk'k  ....  1,386  l.ias 
W.  ladlan....  1,855  M.an  M.MS 
betlndlaa...    6.017     aSOJR     St9.W6 


Total. 


Total. 

1874. 

1.9«!l,0» 

4ei.aM 

887,184 

>.a8 

*r,7f8 

S1B,I'58 


Tht( 
day. 

SS7.9II0 

K«,4m 

80,130 

«.C10 

5,8*0 

IS^460 


1874. 

461.830 

l.VO,«80 

10«,500 

3,1101 

tl,7S0f 
ttl.480 


&l.tl9  1,013,088 1 110,408      a.llB,8n     980,800    9M.M0     884,710 


BRE  ADSTUFFS. 

FaiDiT.  P.  M..  J0I7  9,  1813 

There  haa  been  a  fairljr  actire  and  orettjr  firm  market  for  flour 
tha  paat  week,  the  decline  in  f^old  which  has  latterly  taken  place 
not  karlDK  nore  iaflaaooa  than  to  check  the  advancing  tendency. 
Baeolpla  bsTo  bean  modarale,  and  the  export  demand  very  good, 
wblla  the  boae  trade  haa  been  fair.  Reevipta  are  moderate  at  all 
poiDta  and  atoeka  light,  with  the  time  arriving  when  many 
mlUara  ehot  down  for  repaint  or  Irom  neoeaaity  on  aoeoant  of  the 
drying  no  of  mill  atream*.  The  market  to-day  waa  a  ehada 
flnner,  with  a  good  gaaanl  demand. 

Tka  wheat  market  op— ad  dull,  the  higher  prioea  noticed  ia 
oar  laat  having  checked  the  demand,  and  aa  euppliea  increaaed 
prteea  gave  way  antil  No.  2  Chicago  aold  at  $1  15  and  No.  9 
Mllwaakee  at  f\  18  oa  the  spot  and  for  Jaly  delivei7.  From 
tbeao  prieea  there  waa  a  alow  recovery,  until  at  the  close  yester- 
day. No.  a  Chicago  aold  at  $1  17  and  No.  9  Milwaukee  at  $1  20. 
•ad  No.  1  Milwaukee  f  1  39  on  the  apol  and  for  the  first  half  ot 
Soptamber.  Tliere  have  been  small  reoeipta  of  new  wheat  from 
ihi  8outb.  Keeeot  weather  haa  brought  forward  the  Winter 
wkaat  crop  in  Northera  latlludea  vary  rapidly,  but  there  ia  no 
loagor  any  doubt  that  mack  of  it  waa  plowed  up  and  applied  to 
otkar  aaee.  8till  there  la  aiore  old  wheat  in  the  rountrr  than  at 
Ikia  data  laat  year.  T»4ay,  there  waa  a  farther  improvementi 
witk  aalaa  of  No.  2  Milwaukee  at  |l  3M|1  31)  for  July  a«d  oa 
tha  apot,  aad  |!  96  for  No.  I  harl  Minneeota  for  arrival. 

ladlaa  eora  haa  baaa  la  but  light  supply  here  and  at  the  West, 
aad  alocka  af«  baoomlaf  reduced.  Prioea  of  aoand  lots  have  con- 
arqoaatly  baaa  well  aapfortad,  aad  jaMorday  ebippers  parcbaaad 
praMy  (raely  of  good  to  prlaaatoaMar  mixed  at  Vr^le.,  with 
prloie  sail  mixed  aad  yellow  at  893S4e  ,  and  white  89c,  with 
kaatad  aad  aaaoand  raafing  from  7l|c.  to  78ic  Crop  accoaota 
are  rery  favorable,  bat  tkay  cannot  ecerl  much  influooce  upon 
tka  praaoat  market.  To-day,  there  waa  a  Srmer  feeling  and  a 
goad  kailaaaa  at  MSflla.  (or  fair  to  prima  ateamer  mixed  and 
yellow. 

Rre  haa  brought  fall  prleaa  ia  a  amall  way. 

Oaaada  paaa  have  raaialaed  doll  and  nomioal. 

OaU  kava  uadargoaa  a  dedded  advance,  or  rather  recovery,  la 
prieaa,  with  No.  9  Chieaco  mixed  bringing  68(g63K  afl'iat,  and 


while  TSc.  bat  Ika  former  fell  back  yaaterday  to  67c.  under 
tko  laflnanra  ot  the  daitta  to  redaoe  atoeka,  with  crop  accounta 
vary  laTerable.    To^y,  there  wars  aalea  of  No.  3  mixed  at 
ST^nte.  afloat,  bat  Um  oiooa  waa  qatet. 
Tba  (oilowiag  ara  tka  aioaing  qaotatloaa  : 

ruMra.  I  UaAin. 

Ho. < *bbi. |4  las  4  10 1  Wkeat-Naa iprlnn.baah.tl  14«  t  17 


.4o.  1  tp^cc  . 
Ho.l  sprlag. 


fbbi. 
•apwtaaaialaaadWeat' 

ara 4  «a  4  80       Ho.ls|>rli 

btfa8lata,*a  ti^tlO      Red  Weal 

Weetara  •ariaA  Wheat  Aaber  do 

•iSinP^ 8ii«s«»    wbiu 

4eXZaadXXX„^....  t  IbS  •  88    Oera-Weelera mixed, 

do  winter  wbaat  Z*b4  White  Weatera 

XX  8aaa71S       TellowWeeteni.... 

Cltyslupplnc  (Zti^a.  ..  8  lAiO  8  00       Soatbcra, yellow.... 

City    trade  aad   family  Hya 

braade.   8  ISO  7  80 1  Uate-Black 

•eath«>B  bakers' aad  fa-  I     Xlzed 

mivataads 8  I9A  7  ^S  |     White   

faatbWB  ahlpp'Keitraa. .  1  M^  8  as !  Barley— Waetera. 


I 

1  84< 

I  r 
1 

I I 
79 


I  n 

1  88 

1  88 

188 

140 

88 

IC 

»< 

i'oi 


^  tear,  sapsrias 8  104  S  101    Oaaada  Want 

Oaraaeal— Wastera.  Ac. 
Obra  meal  ■  B^wlae.  *c. 


Stole. 
Paaa— Cansd* — 


1  18ft  lis 


Tka 
lows  : 

. — aacaitioT  aaw  xoaa. — 

. 1878. .       Since 

For  the  Slace  Jaa. 
week.  Jan.  1.  1.  '•74. 
rioar.bble.  88i«a  1.887417  1091.561 
0.  aiaal, "  .  1.100  88,771  ltt.>49 
irbeal,bas.  888.108  t,«8k«M  n,t9S.ll8 
Qgra.  "  .  488.188  8.1884U  13.8HM8 
Ke,       **  m        78.940       481.198 

•flarlay  ■*  .     4\tM    I.OBMM       M7.4M 
Data  ...~  .    138.181    1.09485    5.079.80 


la  braadatnfla  at  thia  market  haa  baan  aa  foN 


, axroBTS  raoa  aaw  tobk. > 

, 1875. ,    . 1W4 . 

For  the  Since  Forth*  Since 
work.  Jan  1.  week  Jan.  1. 
44  :?>  *n.HU  50.4.11  1,IS3,943 
3.918  8e.«l7  kVTt  I07,W 
998.«S  10.888,5irT  1,WI.48S  IH.«7l,lil 
48^88  8.887,916  St:  .955  IO,a«!Jn 
....        105.887       37.588       SJMH 

iiib        sunt        1,168        84,648 


•  la  "Beoetpts  at  New  Terk"  ladades  alao  mall 


46 


THE  CHRONICLPl 


[July  10,  18:6. 


The  lollowlns  Ubie*  ■how  tlie  Qraln  In  siflrht  and  the  movo 
meat  of  BccadKluir*  to   tUo  latest  mail  dated: 

aSCBIPTS   \T    LAKE   A.ND  RIVBH    PORTS    POK  TRK  WBBK   BNDIHO 
JULY  a,  AND  FROM  AUG.    1   TO  JOT-Y  8. 

rioor.     Whett  Corn.       Uau.      Birlejr.      Rye, 

hbli.       bosh.  baah.       bosb.       baab.      >>ii«b. 

<lMlh«.>  (linib>)  (MlhB.)    rMlh-.)(48l)>B.)  C86I''*.) 

OhlCMO «»,n»     S00,6«  TU.IM 

— •     989,684  18.280 

14;).IW  18«.n« 

28.M1  8.M1 

Olomlaild a*»       12.^ao  9.m 

Bt.IiOa(> 1D,«4I)        F4,SSS  61. 4»') 

PaarU.    950        15,180  «l,?iO 

Dntntb* S,fc75        SQ.MO 


MilwankM M.m 

Toledo l,in 

Dstrolt 4.<«8 


iai,i4s 
ii,«in 

S0.488 
9.708 
l.'S.OOO 
61.415 
4I,I>SU 


4,057 

],SI50 

S50 


935 


1,534 
13 


ToUl 

PrerioDi  week 

Cnrrea|>'ng  week, '74. 
"  '73. 

'74. 
u  ..,1 

"  '70 


81.MI     1,904,103    I,m0,a39      851.S96         6.57S  S.MO 

B.\5  8    1,S0J.351       817,979       488.98*         7.990  4,640 

&^4'«    1,«81.180    8,45^.121       .314,141         8,180  7.1S0 

H1.IT4     l,254,07t    1.4aS,7t«       794,906          8,815  1W.4« 

50,8tt3       4W,477    8,864.611*       359.681         7,013  14,C83 

8I,45»       964  004    1,TS'I..V4       879,484         7.168  84.084 

70.513       718018       67J,:r70       85.>,855       18.901  16,989 

ToUl  Ang.  1  todat«...4,93«t.9M  .57.4.^4,1)8  4i,T<,si5  81,347,888  5,783,973  1.14t.R:0 

Bams  time  1873-74.  ...V8HS.SK)  79.»8»  49,i  8I.»t7.0<)i  55  371,647  6,948  506  1.710,480 

Same  time  1878-73...  5.408,810  l<l,9.'a,,M0  65,39fi,747  2i).5'»,609  9,099  58S  1  829,886 

game  time  1871-78., ..4,816,1*8  38.175  491  63,168,575  47,948,401  6,809,315  8,717,788 

*  Estimated. 

8aiPMBNT8  of  Flour  and  Qraiu  from  the  ports  of  Chicago 
Milwaukee,  Toledo.  Detroit,  Cleveland,  St  Louis,  Peoria  and 
Duluth,  for  the  week  ending  July  3,  1875,  and  from  Jan.  1  to 
July  3: 

Weak  epdlng— 

.Tilly  3,  137B 

Jnne88.  1875  ... 
Vorreap'ng  week  1874 
Correep'nK  week  1878 
Correap'ni;  week  187J 
Corresp'ng  week  H71 


Kloor, 
hblr> 

93..i61 

97.544 

81,990 

90.099 

57,867 

91, .■',83 

401,809  19,081,890  16,061,758     _      . 

Same  time  1874 8.946,884  30,180.444  80,679.454    8.045,229  1.8:i1,6,S8  8,3.VJ,152 

Same  time  1873 8.031,0)4  17.0)9,i)«  !9,314.0.)9  10,S:«,ni6  1,528.7.W     611.818 

K«me  time  18T8  .....1,980,388    6,330,864  S0.089,8J0    8,295,779      980,8i0     573,680 

RBCKtPTS   or    FLOOR    AND  aRAIN    AT  8BAB0ARD   PORTS   FOR  THB 
WBBK  BXSING  JULY  3,  1375,  AND  FROM  JAN.  1  TO  JULY  3. 


Wheat, 

Corr, 

Oa-.B, 

Barley, 

Ryt. 

■>nsb. 

bneh. 

btiBh. 

bneh. 

bn8li 

2.14M31 

794,319 

403  .393 

5,0.'i7 

2.770 

1.701.681 

649.713 

366.884 

9  3S0 

4.813 

991  548 

8,058,059 

249,0.)9 

3,781 

10,M63 

93S,!97 

1,898  10!) 

872.176 

4,87r. 

37,864 

70!.508 

1,431,521 

531,121 

4,224 

31,,311 

515,788 

1.910,1 19 

808,876 

2,7'TO 

6,910 

19,081,890  16,061,758 

6,780,189 

863,364 

871.650 

Flonr, 

/  At-  bbla. 

New  York  ..: 79,740 

BnsUm 4  6,6*8 

Portland* 8,753 

Montreal 16.457 

rhiladelphla 21,410 

Baltlraore lS,5t>8 

NewOrleans 2,111 


Wheat, 
bash. 

1,013,812 
88,405 
1.200 
842,695 
144,106 
105,000 


Com, 

bash. 

407,725 

84.0J5 

5,725 

86.800 

92.100 

181,500 

70,S53 


Oats, 

bush. 

213,180 

36.101 

1,.500 

148 

27,100 

2",500 

32,016 


Barley, 
bush. 


180 


Total 189.6.-|3    1,558.618      748,731       336.485  120 

Previous  week 1S9,185    1,455,944       6)7,000      559,316  1,310 

Cor.  week '71 158,853    1,903,508    1,659.286      378,610  5.855 

Total.Ian.l  to  date. 4  499,115  17,711,670  35,792,548    8,432,644  306,361 

Bame  time  1874 5.3*1,036  3:,U0,50J  26,800,678    8,670  :M3  713.230 

Same  time  1873 4,465,517  18,654  827  83.615,647  11,6!9,546  1,096,4.55 

Same  time  1878 3,906,683    4,939,435  37,891,700  10,556,493  1,276,570 

»  Estimated. 

Thb  Visible  Supply  of  Grain,  including  the  stocks  in 
ranary  at  tho  principal  points  of  accumulation  at  lake  and 
eabo^rd  ports,  and  in  transit  by  rail,  July  3, 1875  : 


Wheat,  Com, 

hash.  bush. 

n  atore  at  New  York 492  669  1,845,607 

n  ttore  at  Albany    12,800  19,000 

In  store  at  Baff»lo 202,216  359,350 

In  store  at  Chicago 1,859.757  8,831,899 

In  Btore  at  Milwaukee 505.6S8  71,801 

In  store  at  Dolath* 42,000 

In  store  at  Toledo 531,396  680,355 

In  Btore  at  Detroit .      135.900  29,331 

In  store  at  Oswego* 1.^0,000  80,000 

Iti  store  at  St.  Lottis 879,440  899.543 

In  store  at  Peoria 30,000  100,000 

In  store  at  Boston 9,021  35,168 

In  store  at  Toronto 98,247  665 

In  Btore  at  Montreal 851. 1;6  17,434 

In  store  at  Philadelphia* 185.000  190,000 

In  store  at  Baltimore* 100,548  510.191 

LakeshipmenU  1,787.119  436.084 

RailshlpmenU 418,018  358,255 

On  New  York  canals 1,921.000  523.000 

Total ..  8.971,333 

June  86,  1875 9,331,90? 

July  4,  1874  6,653,668 

*  Bstinutcd. 


Oats, 
bash. 

823,973 
89,400 
69.867 

406,101 
31,884 

47.495 

2.5.724 

5,000 

32,610 

28,000 

109.277 

52,283 

12.745 

15.000 

9,800 

152,688 

850,705 

81,000 


Barley, 
bash. 
1,163 


9.038 
5,370 


570       3,364 


8,417 


5.057 


8:1.615 
35,708 
15,498 


THE  OaY  QOODS  TRADE. 

Fbidat,  p.  M.,  Jnly  9,  1878. 
The  recurrence  of  the  National  Holiday  tended  to  divert  the 
attention   of   buyers   from   the   market,  and   business  was   only 
moderate   in   the   a^rgregate   amount,  although  in   some  depart- 
ments which  have  lately  been  sluggish,  an  improvement   for  the 
better    was    perceptible.     Woolens     continued     fairly      active, 
and  Important  deliveries  of   men's  wear  goods  were   made  on  ac- 
connt  of  former  orders.     Some  of  the   commission  houses,  repre- 
senting cotton  goods,  effected  a  large  .  distribution   of   four-yard 
brown  sheetings  and  medium  grade  bleached  shirtings  on  private 
terms,  besides  charging  up   many  lines  of  goods  which   had  pre- 
viously been  placed  on  memorandum,  but  general  activity  in  this 
connection  was  lacking,  and  not  a  trace  of  speculation  was  de- 
veloped.   There  was  a  moderate  movement  in  fall  goods  for  con- 
version purposes,  and  fair  sales  of  cotton  flannels,  cheviots  and 
wool  shirting  flannels,  were  made  to  manufacturers.    Values  of 


domestis  productions  were  well  sustained,  and  the  best  corpora- 
tion iHakesof  cotton  goods  and  woolens  are  held  with  comparative 
firmness.  Business  was  very  quiet  with  importers,  none  of  whom 
are  yet  prepared  to  open  their  new  lines  of  autumn  goods.  The 
jobbing  trade  wa.5  quite  light,  and — as  has  been  the  case  for 
some  time  pant — transactions  were  mainly  restricted  to  filling 
orders  received  from  retailers  in  the  interior. 

Domestic  Cotton  Goods. — There  was,  as  stated  above,  a  bet- 
ter demand   for   the  most  popular  makes   of   four   and   five-yard 
brown  sheetings,  and   some   large  lines   of   the  former   changed 
hands  on   private  terms.     Newmarket  A  and  D  browns  were   re- 
duced   ic,  beyond  which   no   price   changes  were   openly  made. 
Bleached  shirtings  were   more   active  than  for  many  weeks  past, 
and  outside  medium   grades  were   placed  wiih  the  trade   io   con- 
siderable parcels  at  a   plighi  concession   in   price,  5vhile   leading 
brands  were   steadily  held   at   current  rates,  except  Utica  nonpa- 
reils which  were  reduced  to  ISJc.  by  the  agents.     Cotton  flannels  of 
the  lower  qualities  were  placed  on   memorandum  with   the  "  cut- 
ting up"  trade  to  a  fair  aggrejiate   amount — prices  of   which  will 
be  established  shortly — and  there  was  more  demand   for  cheviots 
by  shirt   manufacturers   and   the  jobbing  trade.     Tickings   and 
denims  "ruled  quiet   but   firm,    and   Otis   and  Warren   blue   and 
brown    denims   were   subjected   to  an   advance  of  i@lc.   by  the 
agents.     Rolled  jacconets,   cambrics  and   silesias   were   only   in 
moderate  request  but  firm.     Grain  bags  were  more  active  in  job- 
bers' hands,  and  carpet  warps  (which  met  with  liberal   sales)  had 
an  advancing   tendency.     Print   cloths   showed  an   improved  de- 
mand, and  closed  at   5c.  for  64x64   standards  and  SJc.  for   extras. 
Fancy  prints  ruled  quiet,  except   Garner's   and   Sprague's,  which 
met  with  liberal  sales  at   low  prices.     Staple   prints  were   rather 
more  active,  and  Merrimack  F  pink   frocks,  purples,   checks   and 
stripes  were  reduced  |c  ,  as  were  nearly  all  Sprague's  staples. 

Domestic  Woolen  Goods. — Fine   fancy  cassimeres  and  suit- 
ings were   delivered   in   fair   atrounts   to  jobbers  in  execution  of 
former  orders,  and  the  clothing  trade  continued  their  investments 
in  low  and  medium  grades.     Prices  of  really  desirable  fancy  cas- 
simeres are   well   sustained,    but   goods   lacking    character   are 
difficult   to   move  at   any  price.     Worsted  coatings  of  nearly  all 
leading  makes  are  closely  sold  up  to  production,  and  some  manu. 
lacturers  are  behind  in  their  deliveries.     There  was  more  inquiry 
for  faced  beavers,  &c.,  than   for   some  time  past,  but  sales  were 
individually  small,  and  these   goods   were   relatively  much   less 
active    than    rough    makes    of    overcoatings.      Black    doeskins, 
satinets  and   repellents   continued    quiet,   and  Kentucky  jeans, 
although   in  fair  demand,  were  not  so  quick  as  during  the  last 
week  or  two.    Shirting  flannels  were  taken  in   moderate  parcels 
by  the  shirt  trade,  but  other  makes  moved  slowly,  and  very  little 
was  done  in  bed  blankets.     Shirts  and  drawers  were  less  active 
than  was  expected,  but   owing  to  the  curtailed  production  prices 
were   well    maintained.      Fancy    knit   woolens — scarfs,    nubias, 
Cardigan   jackets,  &c. — moved    slowly,   and    there   was   only  a 
moderate  demand  for  wool  hosiery. 

Fore  ign  Dry  Goods. — The  distribution  of  imported  goods 
was  meagre,  and  almost  exclusively  restricted  to  the  most  staple 
fabrics.  Black  alpacas  and  pure  mohairs  were  in  steady  demand 
for  filling  orders  from  the  interior,  and  Italian  cloths  and  satin  de 
chenes  were  sought  for  in  moderate  amounts  by  cloth  jobbers 
and  the  clothing  trade.  Dress  linens  were  in  good  demand  and 
quite  firm  on  account  of  the  short  supply.  Housekeeping,  shirt- 
ing and  clothing  linens  were  dull  in  first  hands,  and  there  was 
5.J  ^,j  I  only  a  light  movement  in  white  goods,  laces  and  embroideries. 
■'--  Dress  and  millinery  silks  moved  slowly,  and  there  was  no  move- 
ment of  importance  in  either  ribbons  or  velvets.  Faced  woolen 
goods  for  men's  wear  continued  quiet,  and  there  was  not  much  ac- 
tivity in  cassimeres  or  worsted  coatings,  although  small  selections 
were  made  by  cloth  jobbers. 

The  importations  ot  dry  goods  at  this  port  lor  the  week  ending 
July  8,  1875,  and  the  corresponding  weeks  of  1874  and  1873 
have  been  as  follows  : 


Rye, 
bush. 


1,688 
'.300 

1,922 
17,716 

8,610 
1.37,317 
612,983 
367,313 
356,916 


Rye. 
bush, 
44,323 


3,145 
13 


8,613 
100 


1,800 
8,770 


79,881 
66,955 


■HTKBED  FOB    OOMSOHFTION  FOR  THB   WXEK  BNDIHS    JULY  8,  1875, 


. 1873 , 

Pkgs.    Value. 

Manufactures  of  wool....  70t  |363,188 
do  cotton..    908       864,930 

do  silk 317         822,433 

do  flax 669        115,634 

UlBcellaneons  dry  goodl.   641         30,864 


1874 . 

Pkes.      Value. 

t.380,466 

307,971 

253.853 

142.826 

67,333 


657 
927 
388 
801 
194 


. 1875 

PkcB.    Value. 


165 
381 
8i6 
886 
94 


»84.661 
193,136 
166.735 
51,749 
88,886 


ToUl 3,839  $1,047,063      2,967  11,098,498       1,158      $448,611 

WITHOBAWM  FBOH  WAREHOCSB  AND  THHOWH  INTO  TBB  HABKBT  DaBDiS  THB 
BAMB  PEBIOD. 

tiannf  actares  of  wool .... 

do  cotton.. 

do  Bilk 

do  flax 

UlBcellaneous  dry  goods. 

Total 1,605     $.574,015  871     $306,705         553      $818,427 

Addent'dforconsompt'n   3,839    1,047,063      8,967     1,092,498      1.158       418,611 

Total  thrown nponm'k't.  4,844  $1,681,078      3,838  $1,399,803      1,704    $661,038 


July  10.  187fi.] 


THE  CHROXICLE 


47 


ansaao  vom  viaaaocinia  oinua*  (▲■■  raaiop 


Ibaiirtclaiwof  wa»l....  n4    |a«a,«n 

do              aUk...!!    m      l*l'.«Ol 
•e  kz St      Ut,tl« 


tMr.698 

151.181 
100,  IM 
11,«0 


MB  tin,4*i 

111  tS.«74 

W  UiMi 

4«S  110,BM 

M4  U.»« 


.  ijti    imim    i.4(s    i«ii.on    i.«7«    taa.*M 

>t>i  >  «J»     >.0«7.0W     Un     1.IIH.416      1.1M       4«.Ut 


■>UMpofi.s.«  »i.s«a.ue    4.4H  iltsusm    i,aM    twMii 
ol  a  few  aiticlM  ot  domeattc  manatactara : 


jA.  U       IIX 

to     «..  n     M 

4o  ..MM 

to         ..  «      HJf 
do  .  •-«       M 

4a  .]»-«       MM 

Aadraaeoc'BLM       It 
U 


4o       ....»-(  MM 

«e      ...»-«  KM 
&rk«Tl(k(«TM 

Aakwa M  MM 

IllMfcli >-t  M 

to     j-t  m 


*»       •-«  ttM 

«.     ...M-i  mn 

4a       ....II-4  VM 

«a       ....ta-4  MW 

Bartafa  allli.M  It 

■arllaaaA.     M  IIM 

*>    irx  M  t«V 

BaOoaASoiL.M        VM 

<a  .H        TM 

4a    AA.M  II 

■ataaM M  U 

4a  SB M  MJ| 

■arHllia....  M  u 

MaekM-aaAA  M  M 

MMt  B M  MM 

*>    C I 

4a    B tM 

4a   B. M  TM 

M  tM 


Brown 

Width.  Price 


AUendkla. 

do  .  .>-l 
do  ....10-1 
do  .  ..11-4 
do      ....l«-4 

ABdi«ae'gfia.>-4 
do        KM 

Adriauc a» 

^Kairain  t...  M 

Alabaaia.  ..  .  M 

Albion  A. 

AUaatic  A...  M 
do  D....  H 
do  H.  ..  W 
do  P.  n 
do  IX...  M 
do    V. .. .  M 

ApplatOB  A. 
do       M. 


•har.tlnKa  and   SblrUusa. 


%'l 


Dwiifat  W  ..  M 

Kxeter  A     ...  M 

Uraat  Falls  M  M 

do  8  M 

do  BM 

OlaBilaTllle..  M 

do         ..1-fl 

Haitlabars  A.  H 

•to         B.  80 

ladiaB  Head.  H 

do       ..8 

do       .    40 

do       ..48 

lad's  Or.RR.  SO 

4o    XX.  88 

4o    EB.  M 

4o    A\.  40 

4o  DW.  M 

O....  4« 

do     B....M 

So     S...    M 

c ^ 


Idth.  Price. 


9 

» 

• 

8 
1(>M 

•X 

8!» 

*M 

( 
lOM 

9 
14 

'S* 

8M 
9 

10 
11 
II 

»« 

KH 
M 


Width. 

Newmarket  A  M 

do  DM 

Patnun  AA..  M 

Paciflc  extra..  M 

Pepperell. ...  7-4 

do     ....  8-4 

do     ....  9-4 

Pepperell...  lJ-4 

do      ....11-4 

do         .   It-I 

do  K  8ne.  M 


M 
» 

..80 
.  M 

.  40 
.9-4 
.10-4 


do  R. 

do  O. 

doX. 

Peoaol  A . 

do    B. 

do    ... 

do    ... 

Pitieteld  A. .  M 

PocMKtCanoeV 

PorttmoDth  A  M 

PlDm  Ulind..  88 

do        .    M 

SanuacfineO  M 

do       BM 

do       KM 


Price. 
lOM 

10 

to 
ts 

M 

86 

40 

lOM 
»M 
iH 
IM 

nx 

»M 

W 

85 

10 
8 

;oM 

9X 
10 
It 
lOM 

ts 

rM 

M 

sr 

i»v 

\^ 

10 
•X 
14 

nu 

M 
M 

".* 

n 
u 

» 

10 

WH 

10M 

It 

M 

n" 
ti 


OalaHo  aad  Woodbarry 

OBA  Blaadard  nx  )■■ 
4o  8oa.  to 
^o  » ox.  it 
do  10  ux.  34 
do  Itox.  M 
do        Itoa.    (8 

OBlBf1oTwla,tMB.  tt 
do  Itln.    88 

Bzt«la"Polham'a~   18 


SUrk  A 

do    B... 
Swlfi  River. 
SudrolkA  .. 
TremontCC. 
Ul'cx 

do   heary. 

do   

do    

do    

do    

do    

•InNoil.... 

WalihaaF.. 
do      ... 
do      ..  . 
do      ....10-4 
do      ..  .11-4 

Warren  A...  40 
do     A  A..  10 

Wachuctt . . .  M 
do  .    M 

do  ..  M 


M 

M 
M 
M 
M 

.  ;» 

.  40 
48 

.  rs 

78 
.  U 
.  M 
.  40 
.  >* 
.8-4 
..•-I 


do     A 

do     ACA . 

M 

do      do  .. 

M 

do    iMdai. 

•     a* 

PeariRlTa.-... 

Palmar ., 

PembeiioB  AA  .. 

do       B.. 

.     .a 

do       B.. 

.4-4 

PlUidald.... 

Boanoha 

.4-4 

do     

.I-* 

Swtn  Rirar. 

.      •■ 

nondlka  A. 

do       O. 

,. 

Wniow  Br-k  No  1 

WUMaartoarCX. 

do    ^    A 

Totk.../.... 

M 

do  ..."..... 

.M 

Tbon>dlke  A., 
raraafe  (JCA. 

York  

Warren  AXA., 

do      BB      . 

do     (x;.  .. 
Gold  Medal. 
Hayaakor 


18 

W 
17 
15 
IS 
10 
10 


Btrt^oo. 

■■alliao 1».|4 

Uv-a  AA.Ck«T.  I«M 

••         A....  ItM 

do        B....  IIM 

■aaiakialc I8-I4 

OliaBB ItM 

Pitk  Mill*  Ck-L  It 

rkoeka. 

rkr.AMInXo.  10  H 

MlUe.Xn  M  li 

do        KoM  I'M 

do        Nolo  )8 

do      No  80     nw 

do        No  M  It 

do      No  trn  t« 

Oaion  Mlll>.No.l8  15 

do       No.  M  i: 

Brotva  •rllla. 

UeoaU IIM 

yrmutH. II 

ZaaderB  I4IIM 

D II 

ootle  Olnsknaii 

IIM|N>a>»ka lOM 

II       Banfrew ltj« 

I'Plonkftl II 
rmmi 10 
AlanuDca It 
Baoda'mon. It 
Blrer  Baak..i.. ..'. 


ThomdlkaA....    14-M 

do        B....UM-I4 

UaaaaWna  A...    1»-II 

Wan<taCk««tot        M 

WMltaolaa  AA         14 

do        B.  .        II 

do  Ikaey  XX      IS 


Unlno  M.  No.  W  n-18 

do        No.  70  It 

do        No.  m  18 

Ao        No.  to  14 

do       No.  m  18 

d»       No.  mo  18 

do       No.  7»  14 

Prodltr IS 

LawlalonA It 


do    O.... 
PfPOaraO.. 
RIark  A.. 
Baffolk  D  . 


•lax.  \jonm 

Baird 

Brir»t 

Hblriey .. 

WUUMrnOa... 
Cariatoa. 


im 


N 


...  II 
..  1« 


48 


THE   CHUONICLE. 


[July  10,  1875, 


UBNBMAL 

PIUCKS  CUaiiKNT. 


•  • 


•H 


&tHBS- 

l"ot 

BSKAD3T  0  rrs— Sea  IpaeUI  report. 
BUILDING  MATKIIIA.L8-  „  „    .     .  «. 

Croton  l'"*    •  '5  "" 

ph?uWhiV. >«  ">  2 '?  S 

£(iN«-ltacklanil.  common }  ]2  T    .  « 

RoekUnO.  llnUhtof ^S  2mou 

i»ii%»«r-4oalhera  pin; MM   •  »  "" 

WhIiB  pine  raetchm.  box  board..  «  00  •«»" 

Cleerolne t«»J  S  2  So 

OakaLduh WOO  •,««  ™ 

■.,«^'b«rd;*Vunkiv..:-. }•»  l»s 

Hemlo«kbo»rdi*pUnki ........    "g  •  «!  52 

ifirtto-'.O^WM.oni.ten  *  ih.*  »e»   »» 


"iSeritSParSL^aT. »  ton.  J83  30  •880  00 

American  nDdreaa«d „  AA"®~,i';.', 

Uu.8U,cle.n «°.'';S2S  S??JS 


)«)  • 

^90  • 

390  • 

tl  • 

7    • 

n%9 


3  M 
t  90 

an 
■■■?x 


Manila.. 
Slul.... 
Jnta.... 


.»» 


3    • 


t  35    •    l  M) 


1« 
IS 
U 
13 

t 
« 


iT^a 

19    « 

l»X9 


87 
27 

■a 

12 
10 


1  X 

l»H 

19K 

I9K 

33 

23 

23 

21 

17X 

22 

21 

31 
SU 
31 
23 


Clinch,  IM  to  3  In.*  longer. 

adOn* 

Cnti.plke«,»IUIie« ■  .•  -, 

iyi«iiM-l,B«<l.  white.  Am, pore.  In  oil 

Lead, wh. ,  Amer.,  pure  rtry 

Zinc,  wh..AmiT.  'try.  No.  \ 

Sine.  wh..  Amor..  No. I.  In  oil  ..... 

Parli white. KiiKlKh. prime  cold... 
BOTTKR— (Wholcealc  Prlcen)— 
Half  arklns(Kait'n)  3a«  to  «eleclloni 
Welab  tnbe,        "       "       "         — 
Halfflrkln»(We«l'n)  '• 
Welihtnbi         "        " 
cnilKBR-  ... 

SewStat*  factory,  fair  to  good 

We»lerD,good  to  prime 

Anthracite  (by  cargo) »M   •   •  JO 

LlrerpoolKaacannel... 2  I?  Sn 

LlTerpoolhouneoannel... .•    »  1 1  w 

Klo.  ord.  carKOet,  W««Oday»,  gold. 

do  fair.  *o       god. 

do  good,  do        gold. 

do  prime,  do        gold. 

JaTa.raataandbag gold. 

HatlTeOoylon J"  a.      --    - 

Maracaibo  go'd.      Ji    • 

Cagnarra goj«.      »   « 

BtTupraingo goW.       IJ   « 

Bavanllla "oM.      JO   « 

CoaURlea   gold.      is  a 

Bolts .; • 

Sheathinit.new  (0V6rl2  0W • 

BratlfirJ'Over  I«o«.) •."• 

American  Ingot,  Lake »*« 

COTTON— see  special  report. 
DBUOS  *  DYES- 

Alom.lump .......  3H{        « 

ArgoU. crude gold.  17    «       24 

krgola.reOned... "  28    «       s;(< 

Irfenic, powdered ••  3X«        3X 

Bicarb. «od»,Newca»tle "  .    9    4  Sis 

BIchro.  potash.  Scotch "  l«X8 

BleachlDK  powder "  — a    2  CO 

Brlmstonccrude,  per  ton "  — &  35  OO 

Brimstone,  Am- 'oil *»■  '!<«    ■■■■^ 

C»mphor   refined,  city........  ......  21    9       2iH 

Uaatoroll.B.l.lnbond,  VgaL.goM.  85   a    .... 

Oanstic  soda "  4  50   a    4  5H« 

Ohlorale  potash 20    a       31 

Boohlneal,  Honduras. "  42X»      •'■'X 

Boohlneal.  Mexican '  42XS       45 

Cream  tartar "  SSSfa       8SV 

Cnbebs,Kaet  India 9        1% 

Ontch gold.  «V« 

eambler 6  87H« 

Btnseng  ...... ...cot.  ....« 

Glycerine,  American  pnre "^  17   0 

Jalap  **  '3    a 

Licorice  paste,  Calabria 26    a 

LloorlcB  pn'te. Sicily 25   a 

Llcorlcepaste. Spanish. solid.,  .gold  20  ® 

Madder,  notch "  CHa 

Madder, French..  <Sa 

Hotgiillt, bine  Aleppo 14    a 

or.  TltrioU«6  degrees) IVa 

Oplnm,  Turkey  ....(  n  boni),  gold.  4  50   a 

Prnsslate  potash, yellow.  Am 83Ka 


/jr»-BnenosAyre«,  selected,  gold       «l),a 

Montevideo,    ■              do....  "          21    a 

Corrlentes,                    do....  20    • 

Rio  Grande,                 do....  '          20   a 

Orinoco,                       do....  JO   « 

Calirornis,                     do....  ■           f>    » 

Matam.  and  Mei,  as  they  run  17    a 

Maracalbo,                     do....  •'          19    a 

Bahlaf                    .,     do....  •           l«   a 

PrtfSnaed— Maracail/o,do....  ■•       ...     a 

Chill,                             ^o....  v.          "   f 

Pernambnco,                do  ...  —    a 

Savantlls,                      do....  ...    a 

BahiB,                   .         do.-..  "       •---    • 

jr««Sa««f-Baen. Ay.selected  ....    a 

Para,                            do....  ....    a 

California,                    do....  "         IJ   a 

Texas,                          do....  cnr.        8   a 

2. /.stoct— Calcutta slaoght...  gold       12Ka 

CalcutU, dead  green ••       ■■;!,» 

Calcutta  buffalo loxa 


20S 
21 

20X 
•.8 


IS 
13H 
U 
10 
» 

ii" 
,5H 


Tsatlee,  NoB.l  to4 *  *  SCO 

Tsatlee,  re-reeled —  5  OO 

Taysaain.Nos.  1*2 *  M 

Canton,  re-reeled  No.  ICotngoan..  5  OJ 

8PKLTKK-  ,..,„. 

Foreign 'OO.a.gOld.    7  25 

Domestic cor.    1  S5 


5  75 
5  6U 

son 
9  25 

7  87H 
7  5U 


8PICES- 

Pepper,  Batavla 

do        tilDi^Hpore... 

do        white 

Uasslii,  ('lilna  Llgoia.. 

do       Batavla 

GluKPr    African 

do     ualcntta.. 


.gold 


25S® 
...» 

ii  a 
lova 
10   "■ 


«•« — •- --•■••• Ill 


37    W 

....a     ISM 

. gold. . 

3  so    a  i5  00 
3  65    a    7  03 

a  n  65 

a    8  25 


3  49 
3  00 


a 
a 
a 


■a 

15 


a  28  ro 

O  26  M 
O  24  00 


HOPS-  _   _ 

Cropol  1874 »   »        21 

Croporl878   15 

Crop  of  18B 1! 

Belgian 

Bavarian 

English 

Pig,  American,  No. 1 26  00 

Pig,  American, ho. 2 24  00 

Pig,  American,  Forge 22  no 

Pig   Bcotcn 811  00    0  33  00 

"'  Store  Prices, 

Bar.  Swedes,  ordinary  sizes ISO  00   auo  (0 

Scroll 80  00   ®1'«  00 

Hoop 87  50    (9135  00 

Sheet,  RnsBla.  as  to  assort gold.       .     (9       MX 

Sheet,  single. double*  treble, com.        4xa        iK 
Balls,  new,  English gold  48  M    ®  50  OO 

do    new.  American car (gi  50  GO 

Ordinary  foreign »  100  lbs,  gold  9  75    a    7  SIX 


2S5   a 

1 21  a 

store  Prteet 


i4H» 

«ka 

g   a 

lOX® 

10X& 

....    a 

....  a 
...  a 


Domestic. 

Bar 

Sheet 

LEATHEB- 
Uemlock.Buen,  A'reB,h.,m.*l.. 
••       California,  h.,m.  *  I... 
comm'n  iilde,  h,,  m.  *  1 


600    , 

•xa 


rough 27 


38 
2? 

26  X 
28 


73   a 


18  a 

8xa 

store  Pncet. 


tnlcksllver gold 
oinlne cur. 
hnbarb,Chlna,gooJtopr....»  ».      50 

Balsoda,  Newcastle gold     1  50 

Shell  Lac 60 

godaash,  ordinary  to  good gold    1  DO 

Sogar  of  lead,  white 

Vitriol,  blue,  common..  

FI8B— 

George's  and  Oranl  Bank  eod,,.. 

Mackerel,  No.  1,  shore,  new 

Mackerel,  No.  I,  Bay  new 

Mackeri>l,No.2,  shore,  new 

Mackerel,  No.  2,  Bay,  new      

North  Rlver,pr!me w 

rROIT— 

Batslns.Seflaiess 5  25   a 

do     Layer , 2  29   a 

do     Soltana I'^Xa 

do     Valencia 9ya 

do     Loose  Muscatel >  40   a 

Currants a 

Citron,  Leghorn 23x« 


6  00 

1  15 

nx 

13 

at 

28 
SO 

2X 
7X 

14X 
IX 
5  >5 

34 

2  hi  ' 

1  50 

1  55 
70 

2  12X 
18)4 


,    500 

n  00 

9  00 
10  00 


5  50 

a  13  (10 

a    9  50 

a  10  50 

®    8  50 


15  a 


5  50 

2  30 

io 

3  60 

6X 
24 

SU 
15  " 

5V 
18 
8  00 
26^ 
15 
14 


Slaughter  crop 

Oak.  rongh --  «»  j" 

fexas.crop 3i  9  84 

MOLA88KS—  „ 

Cuba,clayed ....^......  30  a  34 

Cobs,  Mns.,  refining  grades,  50  test.  S3  a 

do      do    grocery  grades X  a  40 

Barhadoes 40  «  45 

Demerara 35  a  45 

Porto  BIco 35  a  55 

N.O..  new,  com.  to  fancy...  V  gal.  60  a  74 

NAVAL  STORES- 

Tar,  Washington 2  00    a  2  31X 

Tar,  Wilmington  2  25    a  .... 

Pitch,  city -i........    .■!-,    a  2  25 

Spirits  turpentine .••:..!??','■   ,  2i   ®  --•• 

Rosin  com.  to  good  stralc'd|i1)bl.    170    a  175 

••     No.l 280    a  500 

••      No.2 2  Ifl    a  2  25 

"      pale 5  50    «  6  50 

••     extrapale 6  75   a  7  60 

NUTS- 

Filberts,  Sicily sxa  9 

ao       Barcelona a  8 

Brazllnuts SJ*  6 

Walnuts,  Bordeaux Sx®  .... 

do        Naples 10   a  

do        Grenoble HXa 

Pecans tOH®  MX 

Peanuts.  Tennessee » 1  50   a  1  55 

do      Wilmington 1  '0   a  1  ;s 

do      Virginia 183    ®  2  00 

Almonds,  I.anguedoc e  13 

do        Tarragona a  19X 

do       Ivlca «  18 

do        ShelUd Sixa  82X 

do        Prlnce-e ®  30 

OAKCM— navy  tobo8t<iuallty...»ft.        7llfa  9!li 

OILCAKE-  ,.,,„„ 

Clty.bag gold  40  00   a    .... 

Western. cur.  41  SO   a  45  (JO 

OILS— 

Cotton  seed,  crude  50  ®  55 

Olive,  in  casks*  gall 1  15  a  lis 

Linseed, casks  and  bbls. 60  a  63 

Menhaden.prlmeL.  I.  Sound 35  fc  33X 

Neataloot 75  ®  1  20 

Whale, bleached  winter 75  a  71 

Whale,  Northern 61  a  65 

Sperm, crude 155  a  157 

Sperm,  bleached  winter 2  00  a  .... 

Lard  oil.  Winter a  105 


Nutniecs,  Batavla  and  Penang. 

Pimento,  Jamaica .. 

Cloves 

do    stems  

SPIRITS-  ^       ^  _       ,, 

Brandy,  foreign  brands •  gal: 

Bum— Jam. ,4th  proof " 

St.  Croix, 3d  proof " 

OIn ■• 

Domestic  ii^wors— Cash . 

Alcohol  (90  per  ct)  C.  *  W cnr. 

Whiskey " 

8TKKL— 

Bngll8h,c8St,2dftlstqaamy  VUgold 
English,  snrlng,2d  &  Ist  quality..  •' 
EnitMsb  blister, 2(1*  Istquallty..  " 

Eni;llsli  machinery '' 

Engl'sli  German,  2d  A  Ist  quality 

American  blister cur. 

American  cast,  Tool 

American  cast  spring 

American  machinery 

Amerl  can  tarmac  spring 

8DGAU- 

Cuba.inl.tocom.  rea?">g 

do   fair  to  f,ood  refining 

do    prime,  reflnlnE 8  5-1 6a 

do    lair  to  good  grocery 6X8 

do    pr.  to  choice  grocery 8xa 

do    centr.bhrts.A  bxs,  Nos.  S®13 

Molasses,  hhds  *  bxs 

Melado 

Uav'a.  Box,D.  8.  Noa.7®9 

do         do         do    I0ai2 

do         do         do    isal5 

do         do         do    loats 

do         do         do   IPSJO 

do         do  white 

Porto  Rico, refining, com  to  prime, 
do         grocery,  fair  to  choice. . 

Bratll.hags.D.R.NoB.  9ail 

Java,   do.  D.8.,  NO8.10812 

Manila       -• 

N.  O..  refined  to  grocery  grades    ■  . 

S«)Jn«(i— Hard,  crushed »•       _    ._ 

Hard,  powdered lixa 

do     granulated lOlfa 

do     cot  loaf liva 

Soft  white,  A.  standard  centrlf...       lOxa 

do      do      off  A 10X9 

White  extra  C  Jxa 

Yellow      do 9xa 

Other  Yellow oxa 

TALLOW— 

Prime  city,  »  » . . 
Western,  V  lb  ... 


II 

I  15  ■ 
I  05 
I'JX 


17 
7 
14 
U 

ux 

9 
1< 
10 

11 


7X9         TX 
Ha    8  8-1$ 

ex 

8X 
8!lf 


Ska 
7  a 
5  a 

7X'* 

exa 

loxa 
9xa 

7xa 

'!%'>' 
7X'4 


9M 
7K 

6X 
7X 
«X 
9K 
10X 
10X 
10K 

I" 
8V 
7X 


IIX®        11X 


lOK 
12 

lox 

II'X 
10X 

9» 

9X 


8xa 


Uyson,  Common  to  fair ..cur.  26 

do     Superior  to  fire 31 

do     Extra  fine  to  fluest SO 

do     Choicest 75 

Young  Hyson, Com. to  fair 28 

do          Super. to  fine 36 

do      Ex. fineto  finest CO 

do      Choicest 90 

Bnnpowder,  com  to  fair 28 

do           Snp.tofine 40 

do   Ex. fine  to  finest 62 

do    Choicest 1  10 


Imperial,  Com  to  fair. 

(.0        Sun. to  fine 

Ao        Exrrafine  toflnest 

FysonSkln.ft  Twan..com.  to  fair. 

do         do      Sup. to  flue 

do  do       Kx  flnetotlnesf 

Uncolored Japan, Com. to  talr 

do  Snp'rtottne 46 

do         Ex.flnetofinest 59 

Oolong,  Common  to  talr««««« 2> 

do     Superior  tofine 36 

do     Exfineto  finest 55 

do     Choicest 85 

Bone.  *  Cong..  Com.  to  fair ^7 


43 
OO 

85 
30 
50 
75 
1  10 
S.5 
50 

1  20 
S;i 


29 


do 
do 


"Sup'rto  fine ^ 

Bx. fineto  finest 98 


«  a 
a  a 
17  a 
Nominal. 

37    a  12 

a  5) 

a  n 

a  !>o 

a  52 

a  TO 

®  97 

a  34 

a  52 

a  s5 


....a 

I6va 
il««» 


I'l'^ 
u 

8V 


Prunes,  Turkish 8 

do        French  10   a 

Dates 5   a 

Flirs ..       13    a 

Canton  Ginger ^case a 

Sardines, «  ht.  box.- cur.      <5   a 

Sardines.*  or  box '•         14    a 

Macaroni,  Italian a 

OontesKc  Drieii— 

Appies.  Southern,  sliced 7Xa        8 

do  "  gnarters 9 

do      8tate,sllc»f 7V9        8X 

do         do   quarters 7Xa        7X 

do       Western,  quartera 7    a        7X 

Peaches.  "ar«d  Wpstprn  16   a       18 

do  do  G«.  iroo  1  and  prime,...  I8  mi  20 
do  do  N.Ca-ollna,  prime.  ..,  23  a  35 
do        nnpared,  halves  and  qra...        7   a        8 

Blackberries 8   a        8X 

/laspberrles  27   «      28 

Cherries,  pitted 28   a      25 

Plums 18   a      20 

OIIKNIRA.— Hee  report  uuder  ilotton. 
GaifPOWUHK- 
Shlpplng  »  »  •  ke« a    IM 

mnin{  ik  .ii«itin< a  an 


HAY- 

dhlDDlog „....V  lOO.a 


69    a       70 


PSTKOLKOM- 

Crude,  In  bulk 

Cases 

Refined,  standard  white 

Naphtha,  City,  bbls 

PR0VI810JIR- 

Pork  new  mess Vbbl,20  35   «  20  50 

Pork,  extra  prime "       16  CO    ©16.50 

Pork,  prime  mess "      19  25    a  n  50 

B.iel, plain  me«i "        8  OO    a    9  50 

Beef,  extra  mess "      I"  no    a  10  75 

Baefhams "       IS  00    a  2'.  fO 

Hims. smoked _....#  Ik       14H4       15 

Lard,  City,  steam 12X4       12X 

BICE- 

Carollna,  fair  to  choice 7X  <         8K 

Louisiana,  fair  to  prime 7xa        7X 

Rangoon,  In  bond gold.  3  70    «    2  SIX 

Patna 6X&        7 

8ALT- 

Torkslsland 25    a 

St.Martln's » 

Ltvarnooi.Tsrtotts  sorts «i  sank.  1  40   a 

8ALTPETBK- 

Benned,pure *»  ....a 

Crude gold  SX® 

Nltratesoda "  ....a 

Clover,  Western V  n.       UX  <> 

Timothy V  bush.  2  «5   a 

Hemp.forJlKu 1  88   a 

Flax,  rough a 

Linseed  ,Calcutta«i56ikgold  (time) a 


TIN— 

Bancs gold.  .  .■    « 

Straits v.  \Vil 

English -. '•  .  J'** 

Plates,!.  C.charcoal "  8  25    ® 

Plates,char.terne 7  9U   @ 

TOBACCO 

Kentucky  lugs,  heavy lOX® 

"          leaf,     "      12X® 

Seed  leaf— Connecticut  wrapperB*7S  25    ® 

••              Oonn.*  Mass.  fillers.  ^3.  7    ® 

Pennsylvania  wrappers. '72 18    a 

Havana,  com. to  fine PS    a 

Mannfac'd.inbond,  hlackwork..  "     ■" 

*•  "    bright  work 


25   a 


Sil 
2  60 


12X 

'i'x 

IIX 
2  75 
1  90 
I  'jO 
180 


WOOL— 

American  XX •!»  51    a 

American.  Nos.  1  &  2 50    ® 

American, Combing S4    ® 

Extra.PuUed 45    @ 

No.l,  Pulled SO    a 

California.  Spnnff  Clio— 

Superior,  unwashed  28    ® 

Medlnm 27    a 

Coarse 2.*   a 

Borry  22    a 

Booth  Am.  Merino  unwashed 29    a 

Cape  Good  Hope,  unwashed R2    a 

Texas, fine 80    a 

Texas, medlnm SO    a 

Smyrna, unwashed  gold.  17   ** 

*8heet *tt,gold,ne  8X*       8« 


28 

mx 


8  37X 
3  00 


12 
25 
5.5 
8 

40 

1  25 

SO 

50 

53 
55 
6S 
?0 
35 

S( 

m 

2S 
Z6 
82 
.<« 
.^5 
:5 
SO 


FREIGHTS— 

To  LITBKPOOL : 

Cotton *  ». 

Flour *  bbl. 

heavy  goods.  .Vton. 

Oil 

Coni,blk  *  bgs.  *  bu. 
Wbeat,  bulk  *  bags. . 

Beet »  tee. 

Fork Vbbl. 


. —  STKAM. 


, BAIL.- 

d.  «. 
-...® 

2  6m 

a40  0     2!  6    a  35 

35  0     -  .. 

7X®  .. 

8    «  .. 

5  6  a  ... 
40  a... 


3  3 
35  0 
45  n  a 

3X«.... 

»  *i-A 

6  6  a  70 

4  6  a  9  0 


xumt 


HUNT'S    MERCHANTS'    MAGAZINE, 

REPRESENTING   THE    INDUSTRIAL   AND  OOMMERCIAi.  INTERESTI    3F  THK  nNTTBD  STATES. 


VOL.  21. 


SATURDAY.  JULY  17.  1875. 


NO.  525. 


C  ONTE  W  T«. 


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THB  BAWKWat'  aASBTTB. 


_      •!« 57 

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TBS  OOWUMUtAI. 


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tWartkaa,  aad  aallad  M  an  MkMM 

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1  BiAa  Iw  Onfu  or  PsaMMBn  Haaaj  Ortera, 


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C!*?  o»»  >»«toaa.a»aU  a<fWo  ■■««  Iwtao^aal  iiiiiimIiI  a.    ayMKol 
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rk«a  aataanaMai  af  a  laaoa  at  IIm  roUowiM  ntaa : 
■al  Bakaalailaa  ta  MM  0tr«aW*(ta'la41ar  poMacI 
■aatta-taWrtuMi  ,.. 


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T»  aa4  •>  WUUaa  Wtntu,  KBW 


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»!«■  I«n.dityikrai»ilaaiii. 


t^Tfc»  ItartnrM  IW^artaont  of  th*  raaameLa  U   .,„ 
PiaaaeUI  laiirMU  Lb  Xrw  York  Cltj  bf  Mr.  rrwL  W.  Joaa*. 


ni  iiw  piscu  Ten  i^d  5oib  of  its  riesrsm. 

Tb«re  has  been  much  conjecture  as  to  tho  pntbable 
mcnreniaita  of  the  Treaaorj  (luring  the  current  fitcal 
yt»x.  Bjr  tome  p«raons  it  has  been  gnppoaed  that  Mr. 
Briatow  would  not  sell  any  more  of  the  new  Fivea  to 
the  syndicate  on  the  old  baaia,  but  that  aome  new  plan 
woald  b«  tried  which  wonl'l  tloniandfor 

a  more  rapid  funding  oi  at  a  lower 

rate  of  intcreat.  Another  thing  anticipated  was  that 
the  taxca  would  hare  to  he  increased;  and  a  third 
party  predicted  that  the  Trcarary  wonid  begin  to 
aoeomnlate  gold  as  soon  as  the  export  movement 
of  the  precious  metala  baa  somewhat  abated— a  oon- 
tiagenej    which    is   expected    to   occur    before    long- 


The  first  of  these  expectations  was  the  result  of  a  mis* 
conception,  and  it  has  been  proved  unfounded.  Mr. 
Bristow  on  Thursday  published  his  twenty-second  call 
for  five-twenty  bonds.  The  call  matures  1 4th  of  October, 
and  it  indicates  a  total  of  sixty  millions  of  bonds  sub< 
scribed  for  by  the  Syndicate  or  thirty  millions  more  than 
their  "firm"  bid.  We  see  no  reason  why  the  result 
may  not  bo  ctachcd  which  wo  suggested  a  short  time 
ago,  namely,  that  the  whole  of_  the  fives  should 
be  disposed  of  before  the  meeting  of  Congress.  There 
are  many  drcumstanoea  which  seem  to  favor  this 
expectation ;  and,  if  realized,  it  would  pave  the  way  for 
new  legislation  on  the  subject  next  winter.  In  any  case. 
Congress  will  no  doubt  take  up  tho  funding  question.  I^ 
u  hoped  that  Mr.  Bristow  will  have  some  plan  to  pio- 
pose  which  will  meet  tlio  public  wixhes  and  facilitate 
tho  more  rapid  prosecution  of  the  work.  It  is  a  mistake 
to  suppoM  that  the  whole  of  the  Fives  cannot  be  sold 
before  the  meeting  of  Congress ;  for  the  contract  with 
the  Syndicate  does  not  expire  till  October^iul  np  to 
that  time  the  Syndicate  can,  if  they  please,  call  for  the 
whole  or  any  part  of  the  bon>ls  embrace<i  in  their  con- 
tract. In  other  words,  they  have  the  exclusive  right  to 
buy  tho  new  Kivos  from  Mr.  Bristow,  and  ho  has  no 
right  to  sell  them  to  any  other  persons  until  tho  period 
stipulated  in  the  contract  shall  have  elapsed.  If  the 
Syndicate  can  sell  the  new  Fives  in  Europe  or  here, 
there  is  nothing  in  the  terms  of  the  contract  to  prevent 
their  obtaining  them  from  the  Treaaary,  even  though 
Mr.  Bristow  may  suppose  that  ho  oould  do  lietter  if  he 
were  al  liberty  to  make  a  totally  new  bargain. 

As  to  the  report  that  Mr.  Bristow  contemplates  the 
offering  of  a  new  project  for  tho  consideration  of  Con- 
gress, nothiu<^  of  this  kind  has  been  as  yet  announced. 
The  public,  however,  have  a  very  clear  notion  as  to  what 
they  ironM^o  to  have  done  in  regard  to  the  national 
debL  First  they  wish  the  sinking  fund  aliolishcd  or 
reconatmcte<L  The  law  in  regard  to  it  has  been  disre- 
garded as  a  dead  letter,  and  to  revive  it  now  after  so 
many  years  is  not  necessary  to  tho  pnblic  credit  even  if  it 
were  consistent  with  sound  policy.  The  duty  of  provid- 
ing for  the  sinking  fund  is  no  more  binding  on  tho 
Treasury  now  than  during  the  past  ten  years.  And  if  it 
were,  the  amount  of  the  pnblic  debt  paid  off  oince  the 
war  is  enough  to  satisfy  the  fqiirit  of  the  law,  should 
nothing  more  l>e  done  for  the  sinking  fund  for  several 
years  to  come.  Those  seem  to  be  the  popular  conclusions 
in  regard  to  the  sinking  fund,  and  the  recent  increase  of 
tho  public  debt  is  citcd*as  a  natural  concomitant  of  an 
attempt  to  create  a  sinking  fund  at  an  unfavorable  crisis 
when  there  is  no  surplus  revenue  in  the  Treasury  to  do  it 


Sb 


TffE  CHRONICLR 


[July  17, 1875. 


with.  What  the  people  generally  wish  in  regard  to  the 
sinking  fund  is  that  Congress  would  take  away  its  present 
anomaloQs  character  and  would  either  abolish  it  altogether 
or  make  a  special  ai>j>ropriation  for  it  from  the  proceeds 
of  new  taxes  specifically  laid  for  this  purpose. 

As  to  the  fnnding  of  the  debt,  the  proposition  is  that 
the  costly  system  of  issuing  short  bonds  should  be  aban- 
doned. It  was  perhaps  a  good  ])Ian  during  the  war  to 
issae  a  part  of  our  debt  in  short  securities.  But  if  so, 
we  much  abused  t^e  principle.  We  issued  by  far  too 
much  of  our  debtin  this  form,  and  the  mistake  has  cost 
us  many  millions  a  year  of  extra  needless  interest.  It  is 
high  time  to  change  our  plans.  Our  credit  is  good 
enough  in  the  money  markets  of  the  world  to  justify  the 
adoption  of  the  principle  of  long  bonds,  or  even  of 
interminable  obligations,  such  as  are  issuad :  by  France 
and  England..  At  least  we  ought  to  investigate  the 
.  arguments  pro  and  con,  and  if,  as  is  affirmed,  the  new 
principle  of  interminable  bonds  will  save  us  several 
millions  a  year  without  any  corresponding  evil  to  coun- 
terbalance the  saving,  then  we  should  follow  the 
example  of  , other  countries,  with  such  modifications  as 
may  be  needful  and  proper. 

The  chief  object  jto  accomplish  in  regard  to  the  debt  i£ 
the  reduction  of  the  rate  of  interest  on  the  funded  bonds 
to  four  per  cent.  That  such  a  reduction  is  within  tlie 
poyerof  good  statesmanship  to  achieve,  has  long  been 
the  prevailing  cwiviotion  of  a  great  number  of  influ- 
ential and  well-informed  bankers.  They  do  not  see 
any  reason  why  the  United  States,  with  its  boundless 
resources,  should  rank  in  the  money  markets  of  Europe 

^  among  the  States  that  cannot  borrow  at  4  per  cent. 

We  next  come  to  the  inquiry  about  the  prospect  of 
new  taxes.  The  Treasury  figui-es  for  the  past  fiscal  year 
will  be  published  in  a  few  days,  and  we  sliall  then  know 
,  what  is  the  precise  deficit  for  the  service  of  the  Treasury, 
sinking  fund  included.  Mr.  Bristow  is  said  to  be  in 
favor  of  the  reimposition  of  the  tea  and  coffee  duties.  If 
an'y  new  taxes  are  required,  these  are  probably  the  most 
popular  imposts  to  be  chosen.  When  they  were  taken 
off,  a  few  months  ago,  we  objected  to  their  repeal  on  the 
ground  that  the  people  did  not  want  these  taxes  dimin- 
ished and  the  Treasury  could  not  spare  their  product. 
The  result  has  verified  these  opinions,  and  has  also 

'  ^proved  that  what  the  Treasury  has  lost  has  gone  into 
the  pockets  of  the  speculators;  for  the  price  of  tea  and 
coffee  to  the  public  is  as  high  as  it  was  before  the  repeal 
of  the  duties.  Whether  the  prices  of  tea  and  coffee 
would  rise  if  the  duties  were  to  be  reimposed  is  a  ques- 
tion which  we  ought,  no  doubt,  to  answer  in  the 
affirmative.  This,  so  far  as  it  goes,  would  suggest  an 
argument  against  the  revival  of  the  tax  ;  but  if  any  new 
imposts  should  be  needed,  those  on  tea  and  coffee  will 

_.  be  the  taxes  on  which,  no  doubt,  the  choice  will  fall. 
Finally,  as  to  the  increase  of  the  coin  balance  in  the 
Treasury,  it  has  to  fulfil  several  functions.  First,  its  use 
is  to  guarantee  the  payment  of  the  interest  on  the  public 
debt.  To  place  the  Govenunent  credit  beyond  the  reach 
.^f  doubt,  or  panic,  or  fear,  half  a  year's  interest  at  least 
should  be  held  in  the  Treasury  in  coin  appropriated  and 
held  for  that  purpose  against  all  contingencies.  Some 
persons  say  that  less  gold  than  we  have  indicated  will 
suffice.  But  all  agi-ee  that  30  to  50  millions  of  gold 
should  be  held  in  the  Treasury  for  this  specific  purpose. 
Another  function  which  the  coin  balance  in  the  Treasury 
performs,  is  to  pay  the  certificates  which  amounted  on 
the  1st  of  July  to  $21,'796,300,  payable  on  demand  in 

.    gold.    Thirdly,  the  coin  in  the  Treasury  has  the  function 
of  sustaining  the  credit  of  the  greenbacks,  and  of  paying 


the  gold  obligations  of  fha  Governmeait.  Now  it  has 
often  been  shown  th.it  the  coin-balance  Hi  the  Treasury, 
if  it  is  to  fulfil  these  three  functions  well,  ought  to  rise 
above  the  average  level  of  the  past  thi-ee  or  four  years. 
Congress,  by  means  of  an  adefjuate  revenue,  ought  to 
put  within  Mr.  Bristow's  power  the  means  of  accumu- 
lating a  larger  coin  balance,  and  it  will  be  a  great  public 
convenience  if  he  should  report  his  daily  balances  of 
silver  separate  from  the  balances  of  gold  and  of  green- 
backs.. 


,  ,.   .  SILVER  (JOLNIGB  AND  SPECIE  PAY.WENTS. 

According  to  the  last  advices  from  Europe,  Austria  is 
agitating  the  question  of  resuming  specie  payments. 
Italy  will  also,  no  doubt,  do  the  same  before  long,  and 
France  has  already  fixed  the  day  on  which  she  will 
abandon  the  legal  tender  law  and  redeem  her  notes  in 
coin.  This  general  movement  all  over  Europe  in  the 
direction  of  specie  payments  has  given  rise  to  a  multi- 
tude of  questions  touching  ^txe  relation  between  silver 
and  gold,  and  the  final  result  seems  likely  to 
be  unfavorable  to  the  permanent  retention  of  silver 
except  as  a  subordinate,  token  coinage.  It  is  true 
that  in  Austria,  the  popular  feeling  seems  to  be 
in  favor  of  the  adoption  of  a  silver  standard  of  value, 
instead  of  the  old  double  standard  of  gold  and 
silver.  Silver  has  fallen  in  price  so  much  that  the 
Austrian  paper  money  is  at  a  discount  of  only  1^  per 
cent,  below  silver  coin.  Hence  it  is  argued  there,  just 
as  it  was  a  few  months  ago  in  this  country,  that  resump- 
tion in  silver  would  be  a  comparatively  easy  task.  For 
this  reason,  it  was  proposed  to  abolish  the  present  gold 
standard  and  to  keep  the  silver  standaj'd  as  the  sole  legal 
tender  money.  Against  this,  it  is  ai-gUed  that  silver  has 
fallen  and  is  still  falling  in  value.  Its  future  move- 
ments being  so  uncertain,  silver  is  totally  unfit  for  use 
as  money,  because  the  cardinal  requisite  of  monetized 
metal  is  stability  of  value.  Silver  has  not  this  stability 
and  it  is  therefore  unfit  to  constitute  the  metallic  unit  of 
coin.  Its  only  use  is  to  supply  token  coins  for  small 
change,  as  in  England  and  the  United  States,  in  the  last 
of  which  countries  silver  coin  is  a  legal  tender  to  the 
amount  of  only  five  dollars. 

In  Prussia,  the  monetary  agitation  is  assuming  a  dif- 
ferent shape.  A  Royal  decree  was  published  at  the  end 
of  June  -withdrawing  all  the  Prussian  State  paper  money. 
At  the  end  of  this  year,  -^11  these  government  notes 
which  have  not  been  'redeemed  and  cancelled  will  be 
uncurrent.  The  amount  of  these  notes  outstanding 
at  present  is  54  millions  of  marks,  or  |S12, 500,000.  The 
Imperial  Government  is  also  exchanging  all  the  paper 
money  of  the  different  German  States  at  par  for  the 
reichakassenscheine  or  imperial  gold  notes.  Its  nine 
mints  in  the  various  cities  of  Germany  are  more  actively 
at  work  than  ever.  To  the  5th  June,  Germany  had 
coined  gold  pieces  worth  1,144,410,210  marks,  or  $228,- 
882,042.  Of  this  sum,  885,539,460  marks  worth  were 
double  crowns,  and  258,870,750  marks  worth  were 
crowns.  The  silver  coinage  is  the  most  deficient  in 
amount,  being  only  99,765,112  marks,  the  nickel  coins 
11,312,279  marks,  and  the  copper  coins  4,163,403  marks. 
During  the  last  three  years  the  premature  emission  of 
the  gold  coins  in  Germany  is  believed  to  have  caused  an 
export  of  $100,000,000  of  gold  from  Germany,  or  nearly 
one-third  of  the  aggregate  of  the  new  coinage.  To 
check  this  export  of  gold  coin,  the  old  silver  two-thaler 
pieces  are  being  withdrawn,  which  will  diminish  the 
metal  circulation  of  Germany  by  $37,000,000.  This 
withdrawal  of  coin  is  expected  to  deplete  the  overcharged 


July  17,  18TB.] 


THE  CHkONICLR 


61 


obannels  of  the  circulation.  Saoh  a  prooeas  ia  the  more 
dnirable,  as  the  over-circulation  of  Germany  is  eadmated 
at  •90,000,000. 

In  Switzerland  the  oorrenoy  qneatioa  ia  attracting 
more  diaonanoo  than  ever  before.  The  methods  pro- 
poMd  for  correcting  the  perturbations  of  the  monetary 
■yatem  are  rariona,  and  consist  chiefly  of  a  proposed 
change  of  the  banking  laws  and  in  an  imsrease  of  the 
reatrictiona  on  the  iasne  of  banknotca.  Russia  is  another 
of  the  p.ipor  money  countries  of  Europe,  and  ia  the  only 
one  that  is  not  making  efforts  looking  to  the  restoration  of 
the  specie  standard.  The  legal  unit  of  money  in  Rassia  is 
the  alver  rouble  of  27S  grains  of  fine  silver.  In  actual 
circnlation  there  is  little  els©  but  depreciated  paper 
money,  and  if,  as  is  axpeoted,  the  price  of  silver  should 
go  lower  in  the  European  markets  the  fall  of  price  will 
diminiah  the  diacount  on  the  Russian  paper.  If  the 
price  of  silver  should  fall  to  10  per  cent,  the  effect  will 
be  the  same  on  the  Russian  monetary  system  as  if  the 
weight  of  the  silver  rouble  were  diminished  27-8  grains 
and  the  market  price  of  silver  were  nnchanged.  In 
other  words,  it  would  not  be  that  paper  money  rose  in 
value,  but  it  would  be  the  silver  money  that  declined 
in  value. 

In  presence  of  theae  facts,  H  is  no  wonder  that  the 
disposition  to  renounce  silver  as  currency  is  gaining 
strmgth  throughout  the  continent  of  Europe.  To  illus- 
trate the  decline  of  silver  in  relation  to  gold,  several 
elaborate  statements  hare  beeo  prepared  by  Qermao 
writers.  One  of  the  most  reent  has  appeared  in  the 
D»*iUcht$  HaitdelMatl,  which  gives  some  statistics  of  the 
prodaot  of  the  precious  metala  tbroa^ioat  the  oivilized 
worid,  from  the  baginniog  of  the  sixtMstb  eaotury  to  the 
eloM  of  1 873.  In  the  three  and  a  half  centnriea  from  the 
year  1500  to  1849,  the  total  product  of  gold  was  8,900,000 
pounds,  which  was  worth  $3,100,000,000.  The  aggre- 
gate prodaot  of  silver  was  205,000,000  pounds,  valued  st 
•«,e25,000,000.  It  thus  ap[>ean  that  of  the  entire  pre- 
dnetion  of  the  praoiooa  raetaie  from  1600  to  1849,  gobl 
Mnstitnted  leaa  than  3  per  ocM.  in  weight  and  silver 
more  than  95  per  cent,  but  in  value  gold  waa  8i  per 
cent,  and  silver  68  per-cent.  While,  therefore,  the  silver 
outweighed  the  gold  more  than  32  times  in  value,  it  wis 
worth  little  more  than  twieeaa  moob.  This  will  be  made 
eleerer  by  the  sabjomed  table  : 

p  iSMinTi  asruj,  llts  ve  !•«. 


SOm 


•rMM. 


»»«• 


In  1849  gold  was  diaeovered  in  Ceiifomie,  and  from 
that  time  to  the  end  cf  1878  the  predaetioa  of  gold  ia 
set  down  at  9,600,000  pounds,  or  nearly  three-quarters 
of  a  million  pounds  waght  more  than  was  raised  in  the 
preceding  350  yearn  In  value  this  gold  product  was 
worth  13,850,000.000.  The  qoanUty  of  silver  raiserl  in 
the  SUM  25  years  is  estimated  st  69,000,000  pounds,  or 
•1,550,000,000  in  value.  In  this  qtisrter  of  a  century, 
therefore,  gold  oonstitnted  more  than  12  per  cent  of  the 
weight  and  abont  86  per  cent  of  the  value  of  the  aggre- 
gate prodaot  This  is  shown  in  the  tables  given  below  : 
I  nscioas  mmtut,  ISM  to  ura. 


ijM,ass«>       nif         ti 
■"— •"•.-    Msaav        tmjmjm       is        m 

BMJiiuuma*. 

IMSio'lS«....«(i^r^ 

a«tolS7S....SttT»r 


mSStjm 


*^m>!S» 


UMtalSB 

MSBt*IS«....asM 

tS«u>IS)S....(Md 

un«*]m....oau. 
ntsistea  ...sDrwud  toM. 


as«, 


Miajas 


4Ri,t8>JD0 


Tjiusaote 

S,MS.«t4W 
S.4M^SMM0 


Aocording  to  these  tables  the  whole  yield  of  the  pre- 
cious metals  from  1500  to  1873  was  114,325,000,000. 
Of  this  total  gold  constituted  $6,450,000,000,  and  silver 
$7,875,000,000.  The  question  has  been  asked,  where  is  all 
this  gold  at  present?  To  this  question  our  contemporary 
replies  that  if  we  search  the  vaults  of  the  banks  of  Eng- 
land, FrancCj  Germany,  Holland  and  Belgium,  we  shall 
not  find  more  than  $750,000,000.  It  is  true  that  in  the 
pockets  of  the  people  there  may  doubtless  be  a  con- 
siderable amount,  and  large  sums  are  circulating  for 
business  purposes,  or  are  buried  in  hoards.  But  these 
amounts  are  in  all  probability  much  smaller  than  is 
sometimes  supposed,  for  specie  payments  are  suspended 
in  the  United  States,  France,  Austria,  Italy,  and  Russia, 
and  less  coin  is  wanted  or  used  in  those  countries.  Of 
coarse  there  is  Kome  stock  of  gold  in  the  hands  of 
jewellers  and  other  artists  who  work  in  the  precious 
metals.  But  allowing  for  all  these  sums  at  the  present 
time  in  use  throughoat  the  commercial  world,  there  is  an 
immense  aggregate  of  the  precious  metals  which  remains 
to  be  accounted  for.  The  wear  and  tear  of  coin  is  esti- 
mated at  •15,000,000  a  year,  and  the  demand  for  the 
Oriental  markets  of  India,  China  and  Japan  has  always 
boon  very  large. 

A  moreimportant  practical  question  is  how  the  relative 
value  of  silwr  is  affected  by  the  production  of  the  two 
precious  mcUvls  and  by  the  excess  of  the  supply  of  either 
above  the  demand  for  it.  We  can  not  follow  the  elabo- 
rate arguments  of  our  contemporary  in  detail.  He 
shows  that  during  the  350  years  ending  in  1840  nlver 
fell  in  value  more  than  gold  did,  because  the  preduction 
of  silver  exceeded  the  production  of  gold  more  than 
32  timea.  If  it  had  exceeded  gold  twenty  times  the  silver 
would  probably  have  kept  its  relative  price.  But  there 
was  a  greater  excess  of  production,  and  according  to 
the  law  of  economics  which  governs  valncs,  the 
price  of  silver  fell.  Thus  in  the  first  half  of  the  sixteenth 
century  an  ounce  of  gold  would  buy  11*25  ounces  of  sil- 
ver. In.  the  first  half  of  the  scventccnln  contury  one 
ounce  of  gold  would  buy  12*5  ounces  of  silver.  In  the 
eighteenth  century  it  would  buy  15*1  ounces.  In  the 
nineteenth  century  15*05  ounces,  hi  Mny,  1875,  an 
OJnoe  of  gold  would  buy  10*54  ounces  of  silver.  With- 
out going  further  into  this  reasoning  we  may  concede 
that  our  contemporary  ha.^  shown  that  silver  has  fallen 
cither  temporarily  pr  permanently  7  per  cent  within  a 
brief  space  of  time.  Wo  cannot  agree  with  him  in  the 
positive  oertainty  irith  which  he  looks  for  a  continuance 
of  a  downward  movement.  If  it  occurs,  the  further 
decline  will  probably  be  much  more  gradual;  as  the  bnsi- 
neM  of  mining  the  precious  metals  will  be  checked  if  it 
does  not  pay.  How  far  the  mines  of  other  countries 
will  thus  be  rendered  less  productive  is  well  worthy  of 
in<ialrf."^*rhe  silver  mines  of  this  country  are  capable  of 
beiag  economically  worked,  and  they  are  alrealy  taking 
preQcdeace  of  the  mines  of  Mexico  which  have  hitherto 
been  eappoeed  to  yield  two-thirds  of  the  world's  supply 
of  silver. 


CIIIBIWIITI9G  HERB  AND  ABBOtD. 
We  took  occasion,  in  an  article  published  some  months 
since,  to  point  out  how  the  business  of  marine  nnder- 
writing  could  be  made  less  hazardous  and  uncertain  by 
a  thorough  system  for  collecting  facta  and  an  interna- 
tional interchange  of  experiences  as  to  marine  losses. 
Unfortunately,  there  is  as  yet  no  very  complete  data 
presened,  and  the  underwriters  of  different  nations  act 
entirely  wHhout  concert.    As  an  inevitable  consequence, 


52 


THE  CHROj^iCLE 


[July  17,  1875. 


the  business  still  remains  a  far  more  precarious  one  than 
necessary;  at  certain  times  and  in  certain  places  too 
profitable,  and  at  other  times  and  in  other  places  show- 
ing altogether  too  great  a  proportion  of  loss. 

In  England,  for  instance,  it  has  been  alleged  that 
marine  underwriting  has  been,  for  the  past  three  years 
at  least,  generally  unprofitable— and,  certainly,  the  pub- 
lished statistics,  so  far  as  they  go,  very  fully  confirm 
the  assertion  ;  while,  on  the  other  hand,  in  the  United 
States,  so  far  as  can  be  ascertained,  it  seems  to  have 
been  at  least  fairly  profitable.  Why  there  should  be 
this  difference  is  an  interesting  inquiry  ;  and  yet  as  we 
have  no  such  concerted  system  of  interchange  of  experi- 
ences as  ought  to  exist,  and  as  the  published  returns  are 
not  very  full,  one  is  unable  to  form  an  exact  opinion  as  to 
tho  manno)'  in  which  the  business  is  conducted,  and  with 
certainty  point  out  the  weak  spots.  Such  returns  as  are 
published,  however,  serve  to  give  us  a  general  idea  of 
tho  course  of  business,  and  therefore,  though  more  meagre 
than  we  could  wish,  are  of  value. 

From  a  pamphlet  recently  issued  by  the  Bureau 
Veritas  we  learn  that  the  cry  has  been  very  general 
among  English  companies  of  a  losing  business,  although 
the  statistics  which  tho  writer  of  the  report  in  question 
(Mr.  J.  T.  Danson)  was  able  to  gather  only  included  a 
portion  of  the  underwriting  companies  or  firms.  In  the 
first  place,  there,  as  here,  a  large  amount  of  business  is 
done  by  private  firms,  who  are  under  no  obligations  to 
furnish,  and  who  never  do  furnish  any  information  as  to 
their  risks  and  losses.  Then,  of  the  eighteen  incorporated 
companies,  the  five  elder  are  exempt  from  the  necessity 
of  publishing  annual  statements,  while  of  the  thirteen 
remaining  companies  the  returns  of  only  nine  are  in  such 
shape  as  to  make  any  fair  comparison  or  analysis 
possible,  and  it  is  to  the  analysis  of  the  business  of  these 
nine  that  Mr.  Danson  has  addressed  himself. 

From  the  returns  he  shows  that  in  18V2  there  was 
room  for  a  dividend  from  profits  earned  of  about  five  per 
cent  on  the  capital,  but  in  1873  the  figures  were  changed. 
In  that  year  the  premiums  received  were  £2,251,248,  and 
the  claims  paid  £2,139,415,  leaving  an  apparent  margin 
of  £111,833,  but  the  expenses  of  management  were 
£148,065,  leaving  an  actual  loss  of  £36,232.  In  the  next 
year,  1874,  the  premiums  received  were  £2,052,613,  the 
claims  paid,  £2,188,329,  and  expenses,  £144,465.  Total 
loss,  £280,181. 

Besides  these  nine  companies  there  were,  as  stated 
four  which  were  obliged  to  publish  statements  but  whose 
statements  were  less  explicit  and  less  easy  of  analysis. 
All  these  four  companies  Avere  started  subsequent  to  1870 
and  all  have  had  an  experience  similar  to  that  of  their 
older  competitors.  In  the  aggregate  they  had  paid  out 
down  to  the  close  of  1874  £284,154  more  than  they  had 
received,  so  that  the  thirteen  companies  incurred  in  the 
three  years  of  1872,  '73  and  74'  an  apparent  loss  of 
£483,229,  or,  in  round  numbers  12,416,145.  Mr.'Danson 
sums  up  his  deductions  from  these  figures  by  saying  that 
their  business  has  been  conducted  by  the  same  agents 
who  had  managed  it  in  former  years  and  yet  that  seven 
out  of  the  nine  elder  companies  have  not  even  covered 
expenses,  showing  that  the  premiums  exacted  for  insur- 
ance have  not  been  adequate  to  the  risks  incurred. 

In  the  United  States  dunng  the  same  time  the  showing 
would  be  much  more  favorable  to  the  companies  and  so 
of  course,  better  for  the  insured,  as  there  can  be  no  per- 
manent prosperity  of  the  one  at  the  expense  of  the 
other.  We  have  to  regret,  as  has  Mr.  Danson  in  Eng. 
land,  the  absence  of  full  returns  from  private  under- 
writers, nor  have  we  at  hand  returns  from  the  conjpanies 


which  make  annual  reports  for  1872  or   1873,   but  from 

the  returns  of  the  nine  marine  insurance  companies  doing 

business  in  New  York  for  the  year  1874  we  gather  that 

they  received  in  premiums,  $11,130,571,  paid  in  losses, 

$5,036,311,  and  for  expenses  of  commissions  and  salaries, 

$1,044,274,  leaving  an  apparent  profit  of  $6,049,986 — 

against  a  loss  of   over  $1,200,000  by  the  nine  English 

companies  for  the  same  period. 

The  causes  of  the  English  loss  are  summed  up  by  Mr. 

Danson  as  follows : 

"  (1.)  In  the  first  place,  we  greatly  underestimated  the  value 
of  some  new  risks.  (3.)  We  did  not  obserye,  and  so  did  not  duly 
provide  for,  a  specific  change,  for  the  worse,  in  some  old  ones;  and 
(3.)  we  Bufitered,  to  an  unusual  extent,  from  the  consequences  of 
experiments  made  by  shipowners,  which,  turning  out  badly, 
brought  much  of  the  resulting  loss  to  the  account  of  the  Under- 
writer. The  Suez  Canal  risks  may  be  taken  as  representing  the 
first  form  of  error  ;  coal  cargoes  afford  a  fair  instance  of  the  second; 
and  of  the  third,  there  can  be  no  better  example  than  the  iocreased 
beam  and  overmasting  of  large  iron  sailing  ships." 

These  positions  he  illustrates  at  a  length  which  forbids 
us  to  follow  him,  the  more  especially  as  two  of  the  causes 
mentioned  have  less  weight  here  than  in  England.  We 
have  written  enough,  however,  to  enforce  the  idea  with 
which  we  started,  and  that  is  the  importance  of  more 
perfect  co-operation  on  the  part  of  all  underwriters  in 
collating  facts  with  regard  to  marine  risks  and  losses  and 
a  more  general  interchange  of  experiences  among  one 
another. 


RAIL80AD  EARNINGS   IN  JUNE,  AND   FROM  JANUARY  1   TO 
JULY  1. 

The  reports  of  earnings  from  those  railroads  whose  stocks  or 
bonds  are  actively  dealt  in  at  our  Stock  Exchange  continue  to 
grow  less  numerous,  and  there  have  never  been  fewer  promi- 
nent roads  furnishing  their  earnings,  than  at  the  present  time. 
The  sensitiveness  of  railroad  officials  on  the  subject  appears  to 
have  reached  the  culminating  point,  and  now  a  alight  decrease  of 
one  or  two  per  cent  is  sometimes  sufficient  to  induce  them  to 
withhold  their  usual  monthly  returns  from  publication.  One 
point  should  be  clearly  understood  by  all  our  readers  in  regard 
to  the  comparison  of  earnings  in  the  current  year  with  those  of 
corresponding  months  in  the  previous  year,  and  this  is,  that  the 
earnings  of  each  month  as  they  are  given  out  are  only  approxi- 
mate, and  in  nearly  all  cases  prove  to  be  less  than  the  actual 
earnings  as  made  up  from  completed  returns.  As  a  result  of  this, 
the  approximate  earnings  of  the  current  months  of  this  year  are 
compared  with  the  actual  earnings  of  the  same  months  in  1874, 
and  thus  the  comparison  is  usually  unfavorable  to  the  present 
year.  It  has  always  been  our  custom  to  use  corrected  and  com- 
plete reports  of  earnings  as  soon  as  they  are  published,  and  to 
continue  in  our  tables  throughout  1875  the  approximate  or  esti- 
mate monthly  earnings  of  any  railroad  given  out  during  1874, 
long  after  the  accurate  figures  have  been  published  in  the  annual 
report,  would  seem  to  be  an  absurdity.  With  the  point  clearly 
understood  that  approximate  earnings  of  the  present  year  are 
compared  with  actual  corrected  earnings  of  the  previous  year,  no 
injury  can  be  done  to  any  company. 

The  above  remarks  are  applicable  to  the  statement  of  Union 
Pacific  earnings  for  June,  as  given  below,  and  it  is  claimed  in  a 
circular  issued  from  the  company's  office  that  the  net  earnings  of 
that  month  will  reach  $650,000.  The  following  exhibit  of  gross 
earnings,  expenses  and  net  earnings  for  May,  and  for  five  months 
to  May  31,  is  from  the  same  circular : 

TOR  THB  MONTH  01'  MAT,  1875  AND  1874. 

Gross  Operating  Net       Perc'tageof 

Earnings.  Expenses.  Earnings.     Expenses. 

18TB $1,273,825  11  $45S,243  07  $814.932  01             .%00 

1874 910,065  13  468,322  62  451,742  51             50.36 

Increase $363,169  88                $363,239  53 

Decrease 79  65  14.36 

Average  Increase  of  earning!  tor  month  of  May,  1875,  over  1874,  89  90-100 
per  cent. 

KHDIKQ  MAT  31,    1875  AND  1874,  KOI  XNCLXraiNO  CONSTRUCTION    ACOOtTNT. 

Gross  Operating  Net       Perc'tage  of 

Earnings.  Expenses.  Earnings.      Expensett. 

187B $4,433,239  82  $1,878,0H1  41  $2,605,148  41             41.89 

1874 3,660,75129  2,013,684  20  1,617,067  09             55.39 

Increase $822,488  53  $953,08138 

Decrease 135,592  79  13.50 

The  average  increase  of  gross  earnings  in  1875  over  1874  was  22-47  per  cent '" 

net  earnings,  2617  per  cent,  and  average  increase  of  gross  earnings  per  day 

$5,147. 


July  17.  1875.1 


THE   CHRONICLE. 


53 


Th«  lotanationml  and  Oraat  Noithatn  road  now  reports  earn- 
ing for  ita  oim  Une  only,  th«  previooa  report*  hmTing  Incladed 
the  reeaipta  on  iiiiietj-aeTen  mile*  of  the  Texaa  Padflo,  from 
liomgTivw  to  Taxarkana. 

Aato  the  tit.  Looia  Alton  &  Terre  Haute  main  line,  it  abould  be 
lamuiubwad  that  tbia  la  leaaed  at  a  fixed  renul,  which  ia  not 
afteted  by  a  deelioe  of  famlnga.  The  earoinsa  on  the  branehea 
for  aix  months,  la  which  the  eompaajr  i>  finaDcially  Interested, 
show  an  iaereaae  of  nearly  $39,000  ovar  1874. 

The  St.  Looia  A  Iroa  Moaolaia  road  eontinnea  to  report  a 
-  gratlfTln^  increata  fa  tunings,  a  part  of  which  la  due,  we 
bellere,  to  the  greatar  aetlTiiy  in  Alpmaata  of  iron  ore  OTsr  ita 
line. 

Wm.  H.  Ferry,  BeeelTer  of  the  Bockford  Rock  bland  and  St. 
Ixmia  road,  filed  hia  report  lor  the  manth  of  Jane,  abowing  : 

lUrtl.tateaeeoalMBd....««M»  U  I  Paiaaats  lB^n^!'.'^!J^. .tnjM  M 
JaasfMalpU Mill  n  i  cAaa hand lt,-;«  M 


Total $HJMM|        Total UMBS  M 

The  eamlnga  of  the  New  Jersey  A  Hew  York  Railway  <  Jompany 
Ibr  the  month  of  Jane,  1873,  as  eompared  with  the  aame  month 
In  1874.  aia  as  foUows  : 


aa..I«laMtla*( 
Daavwina  Onadc . 

lBdlaaa^Maaa.*ir«et..  ..  itar 

UHMtaOaauial WUH 

laianaliaMi  *Oi.  Northan.  14.M0 

Kaaaaal^ctas •»,•» 

Kaakak  *  Da*  Motaaa «,«« 

Moi.  Eaaaaa  *  Tiia* *U.aM 

M.L<«ta.AilaB«T.H.(aala)  lUmn 

to             do     bnadMa  a^•lt 
■l.|«aiia.laDaML*BaMI 
•CtMh*  SoaikMMani. 


Kat 


TMat 


.H«un 


aaaaiaaa  ■nam  luntMi  I  to  m%  m. 


tan. 


Oaatral  PKide KtJUnjm 

Cla..  Latarxu  A  CMawW...  UM« 

a*lra..CaL.LlB.  Alad I.^MM 

D— tar'aBeOiMida ItMM 

la4li;afcMiMi  »W1 HMR 

DMaiiaami tjmtjm 

laiwialtaaal  »Ot.  Nonhawu  tHLISt 

KMHwraMc i.4M.«r 

Kaefeak  *  OMJIatae* ««.«• 

Ma.  Kaaaaa  «  Tcsaa I.«M.»« 

•I.  LoaK  Alloa  *  T.n.(iaala!  «t.t» 

4e                  4o     bcaartaa  tn.loa 

SLLinla,lraa]rL«SoatlM>«  UHLtll 

M-Uiria*  aoailMaalaaa....  «».«• 

Catoa  FtaUe Mi^MO 


tail. 


M«: 


mm 


umat 

aR,Tn 

1.4 


*££? 


JK? 

UM 

»k,m 

mjm 

■Mi 

•MM 

n.m 

mjm 

•  •• 

UMM 

lt.411 

•R.m 

., 

n*,«i» 

Taial 
Xat 


~. •■Mn.Ol    fMl^lMn    |i;l«,t«  $t44«,ftM 

ti,«B.»ao 

itly  reported  their  earning* 


The  following  eoapaataa  hare 
for  May: 


HAT. 


Al 

MoMUa  Ohio.  ...... 

at.  r.*iLair«avC.AM.r. 
Te«i 


itn. 


mxi 


Xal 


kAtaaur*. 


MB.  UI4. 

1410        HIMtt 


|11«t 

|ia.tM 


Total »l.«t4l*     "iw 


IM 

K«t  aamlnfs  la  May  are  gtren  o«t  by  lb*  following  naida 
0«»gU,  flfijn,  agalaal  •9,984  last  year,  bataf  ■■  teoNMe  *f 
•IMM:  AicUaa«Topok»*  8aau  W^  •OT.Ttl,  agalMl  !»,«. 
h*ia(  an  latrwaa  of  99^890  i  Dearer  k  Rio  Qraad*.  il8;948, 
agaiMl  |9IiMS,  Utm^  a  dsaraaaa  of  fl.718;  lod.  Clo.  *  Lafayetio, 
181,499,  agalaat  f4S.W7.  being  ao  ioereaao  of  |I8,S8>. 


Til  TliBI  II  COFFII. 

ror  aaronl  yaara  tho  eoBoa  trado  baa  praasatad  faatorea  of  »o 
iMk  totaraat.  awi  lor  Tarioaa  reasoaa.  Tha  short  erop  of  Biasil 
•i*a  la  1871  gara  s—oitaiuiat  to,  awl,  la  ImI.  any  b*  said 
to  haTs  ori^alsad  oao  ol  tbe  aaat  reaarfcabl*  apaealatlons 
erer  witneaaed.  Not  oaly  were  Kew  York  operators  hearily 
Intereated  In  tha  inaanavrM  to  adrane*  prtees,  bat  I»ndo« 
booaas  snd  also  the  merehaal*  of  AMalaiilaiii.  Bottordaa,  Ham. 
barg,  Brenieo,  MaraeUlaa,  Trieet«>.  and  iboaa  of  many  other  porta, 
ahogathar  foradag  a  eoabiaatlon  of  great  atiaagtb.  Thia  epeca- 
klioa  oaly  ealaUaatad  laal  year  in  tha  hl^aat  pilaaa  which  had 
baaakaowafotaaajryaan;  ind*ad,klgbartkBaaay  known  slnoa 


the  esriy  days  of  the  traffic,  except  daring  the  war,  when  an  extra- 
ordinary state  of  affaira  prevailed  in  regard  not  only  to  this  partic- 
alar  trade,  bat  other  branches  of  comm«rce.  As  in  all  gpeculatione, 
bowerer,  this  one  wag  attended  by  a  leaction  about  as  sharp  as 
the  advance,  and  siDce  the  early  portion  of  last  year  there  has 
been  a  steady  decline.    Dnring  that  period  tbe  fall  force  of  our 
financial  difficulties  have  been  increasingly  telt  by  the  counlryi 
and  the  consumptioa  of  oofiee,  in  common   with  other   aemi- 
laxariea,  abowed  a  deeidfd  decrease,   owing  Xa  the  monetary 
embarraaamenta  and  the  high  prices.    The  collapse   in  Europe 
began    at    the  aame   time.     And   it    may   here    be    remarked 
that    experience    would   seem    to    demonstrate    that    nowhere 
is   a   decrease    In    the    eonaamption    of   an    article,    owing    to 
high    prices,  as   quickly    or    in    so    marked    a  degree  notice- 
able   as    in    Continental    Earope.      The    downward    course  of 
prices  both  here  and  In  Earope  has  continued  with  short  inter- 
mptlons  ever  since.    In   the   United    States  the  basiness  has 
been  on   a   eomparatiraly  small  scale  for  many   months,   the 
interior    aaing   ita  aurplna  alock  and   noi    purchaaing  to    any 
marked  extent.    Of  late  aigns  of  returning  vigor  have  been 
Botlcaable  here  in  Kew  York,  and   the  trade  appears  to  be  on  a 
better  footing.    The  laat  Biaail  crop  was  a  large  one,  and  bad,  in 
eooaeetioa  with  the  slowneas  of  trade,  a  depressing  eflecl ;  but 
trade  with  the  interior  baa  raeently  revived,  and  the  supply  in  the 
distribating  poru  of  tba  Atlantic  and  the  Qulf  greatly  reduced — 
In   tact,  now  being  considerably  under  tbe  supply  held  at  this 
time  for  four  years  past.    Moreover,  it  appeara  fmm  despatches 
fraia  Bio  Janeiro  that  tba  next  Brazil  crop  is  expected  to  be  a 
amall  one,  owing  to  the  nnnsaal  length  of  the  rainy  sesaon  there 
which  has.  It  ia  stated,  proven  very  unfavorable  to  the  crop.    It 
Is  forthar  avarred  that  the  yield  of  the   Ulo  region  will   not 
sxeaad  IjnOjQPO  baga,  aad  the  Santoa  district  SOO.OOO  bags,  where 
tha  combined  yield  of  the  season  ending  July  1  was  nearly  or 
qttll*  three  times  the  quantity  now  expected  from  tbe  two  aec- 
ttoaa.    Tbeaa  calcoUtlons  are  exerting  considerable  Influeaoe  at 
praaaat,  and  appear  likely  to  affect  the  future  not  a  little.    It, 
howarer,  aeema  (>rabable  that  retnmlng  proapenty  In  tlie  country 
woald  have  mora  to  do  with   improvement  In  the  coSae   trade 
thaa  aay  caleaUllooa  aa  to  the  crop  uf  Braxil,  though  It  Is  from 
thaaea  moat  of  the  American  supply  Is  drawn.  Crop  estimatea  are 
aaeaaaarily  problematical  to  a  greaur  or  leaa  extent. 

Tba  traOc  1*  coffee  fonta  an  important  part  of  American  oom- 
aMree.  ana  as  saeh  employs  considerable  capital.  The  TTnltvd 
8tataB  eaaool  be  said  to  have  a  monopoly  ol  tbe  trade  In  any 
daaarlplioa  ol  coffee,  aad  In  thia  reaped  la  onlike  Holland, 
which  matalalna  an  almoat  axclaaiva  control  of  tlM  crop  of  Java 
throo^b  the  Netberlaads  Trading  Company — aa  organisation 
which  has  existed  for  bandreda  of  years  with  tbe  sanction  of 
the  fOTaramaat.  Loatfoa  eompaaiaa,  owning  eonaldcrable  ar(«a 
la  Oayhw,  ooatiol  tha  awat  of  tha  trade  from  that  ialand,  which 
dariaf  tba  aaaaoa  ragalarly  yield*  from  800.000  to  1,000,000  cwU., 
the  varlatloa  la  prodoaMna  being  dae  to  favorable  or  onfkTorable 
weather.  The  Java  crop  Is  sometimea  very  much  larger  than 
at  other  times,  bot  faaofnlly  prodaeaa  about  1,000,000  bags 
Tb*  yield  la  Brasli  raagaa  from  1.300,000  to  as  high  aa  8/100,000 
ba(atalhoBloJaBair»fngloa.aBd  trocB  8004Xn  bags  to  800/)00 
baga  ia  tho  SMiaa  dliMM.  Tha  eropa  from  other  aoaroea  of 
aapply  aanaally  reaeh  from  1J00.000  bags  to  1,500,000  bags. 
It  amy  bars  be  stated  that  probably  ao  crop  known  to  commare* 
ia  aM*«  aab)eet  to  wida  variations  In  the  extent  o(  yield,  through 
tboatfraaaa  or  fhvorahte  infiaence  of  the  weather,  aa  that  o{ 
anAa,  aad  Ibia  Iket  glaaa  rlaa  to  pariodlcal  speculations,  fre- 
qaaatly  of  conai4s*ahla  aaiialtade. 

Tb*  eoaanmptkta  of  asAa  in  Earope  and  the  United  States 
aaAlfl^lCehea  aearly  or  qalte  400.000  tons.  Of  this  Urge 
qaaatity,  tb*  United  tftaiaauke*  very  nearly  100.000  tons,  varying 
aaaaidlaf  to  tba  magoltade  of  tho  crops.  It  is  a  rather  carious 
hal,  botraaar,  that  not  ataea  eoflba  became  a  part  of  American 
liada  baa  tba  consoniptloa  la  the  United  States  equalled  that  of 
1888,  la  which  year  it  appeara  tbe  marketa  on  the  Atlantic  coaat 
abaorbad  1 19,167  toaa.  Tba  eonaamption  of  1854  waa  80,123  tons, 
that  of  ta'>3, 98JB19  toaa ;  la  18S6,  97,4:33  tone ;  in  1697,  the  year 
of  flnaaaUI  dtaaatars,  It  fell  to  77,000  tone  ;  In  laiS,  aa  stated.  It 
was  119,000  loos;  In  18S9,  90.80U  tons ;  In  1860,  79,000  tons  ;  In 
1861. 83.800  tons  ;  In  1869.  whan  the  effects  of  the  war  began  to 
be  felt,  89.700  toas ;  In  1868,  88,589  tons ;  In  1804,  48.700  tons  ;  in 
1860,  57,191  tons;  In  1866,  when  ooofldenee  began  to  revive. 
71;W1  tons ;  In  1867.  90^00  tons ;  In  1868,  100.000  tons,  and  since 
1868  It  baa  not  varied  to  any  marked  extent  from  that  quantity, 
except  In  1871,  when  there  waa  aonaldaiable  daeraaa*  in  tbe  yield, 
both  ia  BrasU  and  Java. 


64 


THE   CHRONICLE. 


[July  17,  1875. 


Ai  intltnatecl,  the  moat  of  the  coffee  trftde  of  the  Doited  States 
(•  with  Brazil,  fully  one-half  the  average  crop  of  which  is  taken 
for  American  marketa,  and  in  some  years,  when  the  yield  dimin- 
ishea  considerably,  almost  the  entire  crop  finds  its  way  to  New 
York,  Baltimore,  Boston,  New  Orleans,  Richmond,  Oalveston, 
Savannah,  Mobile  and  Charleston  as  the  first  distribatin;;  markets 
of  the  United  States.  It  appears  from  statistics  just  published  by 
Messrs.  Small  &  Co.,  of  New  Orleans,  that  the  sales  of  Brazil  coffee 
of  during  the  fiscal  year  ending  July  Ist.  1875,  were  1,791,986  bags, 
which  874,123  bags  were  at  New  York,  559,973  bags  at  Baltimore, 
200,686  bags  at  New  Orleans,  40,450  bags  at  Mobile,  85,581  bags 
at  Oalveston,  2*3,117  bags  at  Savaunali,  21,146  bags  at  Boston, 
16,503  bags  at  Richmond.  The  importations  daring  the  period 
mentioned  were  800,801  bags  at  New  York,  553,558  bags  at  Balti- 
more, 200,536  bags  at  New  Orleans,  49,450  bags  at  Mobile,  37,081 
bags  at  Galveston,  ani  the  usual  proportion  at  other  markets,  the 
total  reachiug  1,764,993  bags.  This  quantity  is  434,445  bags  in 
excess  of  the  corresponding  period  ending  .July  1st,  1874,  during 
which  the  importatious  were  1,330,547  bags,  and  is  also  larger 
than  for  the  same  period  of  1872-1873,  daring  which  only 
1,294,709  bags  were  received  at  tlie  various  Atlantic  and  Gulf 
ports.  The  receipts  from  Brazil  have  been  quite  large  since  the 
beginning  of  this  year,  and  it  is  principally  owing  to  this  fact  that 
the  exhibit  for  the  crop  year  ending  July  Ist  shows  the  important 
increase. 


.Categt  fUoiietarn  aiiir  Commercial  (EiigliBl)  Newa 


RATHSUF  EXCHANGE  AT  LONOON,  AND  ON  IiONIfON 
AT  LATEST  DATES. 


KXCHANQB  &T  LONDON- 
JULY  a. 


OH- 

TIXS. 

Amsterdam . . . 

short. 

Autwerp 

3  months. 

Hsmborg 

Paris 

abort. 
8  months. 

Paris 

Vienna 

Berlin 

.... 

Frankfort 

St.  Petersburg 

.... 

Cadiz 

^Wdaya. 

Lisbon 

Milan 

Smooths. 

Oenoa. 

.... 

Naoles 

•  ••• 

Newyork.... 

. ..  • 

Rio  de  Janeiro 

■  •- 

Bahia 

.... 

Baenos  Ayres.. 

Valparaiso 

Parnambnco . . 

•  •. 

Uontevldeo... 

.... 

Bombay 

60  days. 

Cslcutu 

Hone  Kong... 

.••• 

SHacghai 

.... 

Penane 

... 

Singapore..    , 

Alexandria.... 

.... 

11.19  ®18.00 

25.55  £25.60 

20.7S  ©20.82 
25.27>i325.37>^ 

25.55  aM65 

:i.40  &11.45 

20.TS  @20.82 

20.78  $20.83 

27.87«327.42)tf 
27.37X®27.42X 
27.37XiaS7.42Ji 


1<.  9X<I. 
U.  9Kd- 

u.  la. 

5».  1}i&Hd. 


4». 


EXCHANQB  ON  LONDON. 


LATXST 
DATS. 


July  S. 


July   S. 


July   ». 


July  1. 
June  23. 
June  24. 
June  24. 


June  SO. 


short. 


3  mos. 
short. 


8  mos. 
short. 


60  days. 


6  mos. 


12.00 
25. 3J 
20.33 
25.53 

liilso 

20.57 
20.53 
S2K 


$187>tf 


1».  10  l-\Sd. 

i».  ic  i-iaa. 
it.  9a. 


97K 


IFrom  our  own  correspondent.] 

London,  Saturday,  July  3,  1875. 
Two  failures,  of  not  very  great  importance,  have  been  recorded 
this  week,  those  viz.,  of  Messrs.  Da  Costa,  Raalte  &  Co.,  and  o( 
Messrs.  Kilburn,  Kershaw  &  Co.  The  former  are  East  Indian 
merchants  and  deal  largely  in  Manchester  goods,  while  the  latter 
are  silk  brokers,  transacting  business  both  in  the  raw  material 
and  in  the  manufactured  article.  The  liabilities  are  not  very 
extensive,  those  of  the  latter  firm  being  estimated  at  £750,000. 
The  effect  of  these  failures  has  naturally  been  to  produce  consid- 
erable caution  in  mercantile  circles,  and  it  is  obvious  that  there 
can  be  no  extension  of  business  until  the  public  are  convinced 
that  all  serious  difficulties  have  been  overcome.  The  announce- 
ment of  these  failures  is,  however,  received  by  the  mercantile 
community  with  comparative  indifference.  There  is  no  panic  of 
any  kind,  but  there  is  extreme  caution  prevailing  in  every  depart- 
ment of  business,  only  necessary  operations  being  undertaken. 
The  effects  are  now  being  felt  of  the  high  prices  to  which  many 
classes  of  goods  were  advanced  a  few  years  since.  The  decline 
from  the  rates  then  current  has  been  as  much  as  25,  30,  40,  and, 
in  aome  instances,  nearly  50  per  cent,  and  it  is  this  heavy  fall 
which  is  now  producing  so  much  embarrassment  in  the  commer- 
cial worl  J.  AsHngasthe  banks  and'  discount  houses  afforded 
Bopport,  the  firms  in  difflcullies  managed  to  crawl  along  ;  but  now 
that  that  support  has  been  withdrawn  the  condition  of  our  trade 
is  revealed,  and  we  find  that  prolonged  credit  has  lei  to  an  un- 
healthy condition  of  affairs.  Under  existing  circumstances,  there- 
fore, the  sooner  the  firms  which  are  unable  to  proceed  disclose  the 
mate  of  their  affairs,  the  sooner  will  thare  be  a  revival  of  confi- 


dence, and  a  return  to  a  more  mtisfactory  method  of  conduotiog 
business. 

The  Bank  return  published  tiiis  week  exhibits  changes 
incidental  to  the  close  of  the  half  year.  There  has  been  a  stronger 
demand  for  loans  than  usual,  the  increase  in  "other  securities" 
being  as  much  as  £4,277,945  ;  but  this  augmented  inquiry  may 
be  attributed  to  the  additional  precautions  which  have  been  taken 
owing  to  the  recent  failurKS.  The  total  of  "  other  deposits"  has 
been  increased  by  £3,415,019 ;  while  in  consequence  of  the  pay- 
ment of  some  heavy  customs'  duties,  the  Treasury  balance  exhibits 
an  improvement  of  £2,525,817.  As  a  result  of  the  large  increase 
in  the  liabilities  of  the  Bank,  the  propartion  of  reserve  to  them, 
which  was  last  week  4.3i  per  cent,  is  now  not  quite  39  per  cent. 
The  changes  in  the  return  are  due,  however,  to  special  causes, 
and  these  being  quite  of  a  temporary  character,  a  return  to  a 
normal  condition  of  affdirs  may  ba  anticipated  in  the  course  of  a 
few  days.  The  supply  of  bullion,  owing  to  libaral  importations 
and  to  the  absence  of  any  foreign  demand  of  importance,  shows 
the  large  increase  of  £1,549,048,  but  in  consequence  of  an  exten- 
sion of  the  note  circulation  of  £837,876,  the  improvement  in  the 
reserve  of  notes  and  coin  does  not  exceed  £691,398, 

The  probability  is  that  when  the  dividends  have  been  paid, 
there  will  be  an  unusual,  abundance  of  money  in  the  London 
market.  There  is  already  a  very  large  supply,  and  little  demand. 
In  a  fortnight's  time,  the  accumulation  will  be  great,  and  as  there 
is  very  little  disposition  shown  to  lend,  it  is  evident  that  the 
present  rates  of  discount  will  not  be  maintained.  During  the 
present  week,  the  quotations  have  had  a  strong  downward  ten- 
dency, and  consequently,  with  increasing  supplies,  and  with  a 
lessened  demand,  the  downward  movement  is  likely  to  remain 
unchecked.  And  it  is  more  than  probable  that  no  improvement 
will  be  witnessed  until  more  disposition  is  shown  to  lend,  and 
until  sufficient  confidence  has  returned  to  induce  merchants  to 
trade  with  greater  freedom.  The  quotations  for  money  are  now 
as  follows  : 

Percent.  Percent. 

Bank  rate i}i       4  months' bank  bills SXmfi 

Open-market  rates:  8  months' bank  bills, 3X@37f 

30  and  80  diys' bills 3)i(g>35<  4  and  8  months' trade  bills.  4    ©4V 

3  months' bills 3>i@>J< 

The  rates  of  interest  allowed  by  the  Joint-stock  banks  and  dis- 
count houses  for  deposits  remain  as  under : 

,  ,    .    .     ,  .      ,  Per  cent. 

Joint-stock  banks ii<<& 

Discount  bouses  at  call 1!  !!!.'!!.*  i}i&"" 

Discount  houses  with 7  days'  notice ].' 8X@'  ' 

Discount  houses  withl4days' notice...   „ '.'....'!  iX&.'.'.'. 

Annexed  is  a  statement  showing  the  present  position  of  the  Bank 

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

the  average  quotation  for  English  wheat,  the  price  of    Middling 

Upland    cotton,    of   No.    40    Mule    yarn    fair    second    qualit} , 

and   the    Bankers'   Clearing   House   return,  compared  with   the 

four  previous  years  : 

1871. 
Olrcniation,  Including       £ 

bank  post  bills 25.496  1G3 

Public  deposits 9,227,710 

Other  deposits 24,'lMia'423 

(iovernment  securities.  ;4,8H,57:! 

Other  securities 2],18J,603 

Reserve   of  notes  and 

coin 16,528,761 

Coin    and  bullion  in 

both  departments,...  26,495.231 

Bank-rate ij<  p.  c. 

Oanaols 93J<xd. 

Bnglishwheat 5as.  id. 

Mid.  Upland  cotton  ...  9d. 

No.40rauleyarnfalr  Id 

quality Is.  SJ^d.    __.  __..„...     .„..__.  ..^... 

Clearing  House  retum.120,650,000  142,015,000  148,395,000  131,436,000  107,251,000 

•  Prices  June  27. 

The    rates    of  discount  at  the    leading   cities  abroad  are  now 
as  under : 


1872. 

1873. 

1874. 

1875. 

£ 

£ 

£ 

£ 

26,824.095 

26,470.579 

27.451.091 

28,259,281 

12,025,569 

n,49S,B!7 

9,705,890 

9,7i9,890 

19.045,117 

19,111,754 

80,15S.0>9 

25,262.9(0 

l.'!,.'i85,6I6 

13,257,654 

13,801.09.) 

13,749.6i9 

83,257.635 

21,3i4,875 

22,548,779 

25,463,537 

12,6:7,939 

l:,275,929 

11,839.686 

13,762,901 

24,065,094 

22,336,814 

23,925,601 

26,693,116 

3  p.  c. 

6  p.  c. 

iX  p.  c. 

3X  p.  c. 

923i. 

'J-2% 

92  5i. 

9SX. 

598.  2d. 

BSs.  8d. 

60s.  4d, 

428.  lid. 

UXd. 

8%d. 

8X<i- 

•7  7-16d. 

la.  4iid.     Is.  IJid.     Is.  OXd. 


•llXd. 


Paris 

Amsterdam S)i 

Hamburg 

Berlin 

Frankfort 

Vienna  and  Trieste .... 
Madrid,  Cadiz  and  Bar- 

ciilona 6 

Lisbon  and  Oporto..  .       4 
St.  Petersburg 4>tf 


Bank  Open  I 
rate,  market.  | 
per  cent,  per  cent. 

3>i        I 

sxm 

4X 


4 

4 
4>tf 


6 


Brussels 

Turin,   Florence 

Rome 

Bremen 

Leipzig 

Genoa 

Geneva 

New  Yorlt 

Calcutta  

Copenhagen 


and 


Bank     Open 

rate,  market 
per  cent,  per  cent. 
S 

4K 

3V 

SX<S4 

t^ 

4®S 


6 
5 

6 


Large  supplies  of  gold  have  been  received  from  the  United 
States,  South  America  and  India  during  the  week.  There  has 
been  a  trifling  inquiry  for  H)lland  ;  but  by  far  the  larger  propor- 
tion has  been  sent  into  the  Bank.  The  supply  held  by  the  Bank 
is  now  £33,699,116,  which  is  larger  than  for  some  time  ))ast ;  and 
it  is  now  believed  that  all  difficulties  with  regard  to  the  gold 
supply  have  been  surmounted.  The  German  Government  are  now 
obliged  to  work  with  unusaal  economy.    In  fcouseqaence  of  th 


July  17,  Ui5J 


THE   CHRONlciA 


5h 


haary  miUury  ezpeaaea,  the  new  Bodget  ohowB  a  deficit,  and 
traah  Uxee  are  to  be  inipoeed.  This  will  not  salt  the  German 
p«opIe,  who  hare  for  soow  time  been  eomplaiaing  of  the  harden - 
■one  taxes ;  and  aa  there  are  domentie  diffleultiea  to  be  contended 
with,  the  Qoremmeat  wonld  aatarally  be  anxioaa  not  to  allow 
their  ezpenditare  to  exceed  their  ineooie.  It  is  probable,  there- 
tore,  that  the  Oerm»n  Oorernment  will  not  malce  an^  considera* 
ble  parchaara  of  gold  In  this  marliet  for  some  time  to  come' 
although,  «T«B  if  they  did,  we  ihould  hare  ample  auppliea  for 
tbiH.  Am  ivgaida  silrer,  the  market  baa  been  dall  and  prices  are 
loww;  bnt  at  a  alight  eoncawion  the  rappliee  offering  have  diang- 
•d  haada.  Mexican  dollar*  are  aaaltered  in  ralue.  The  prices  of 
boUion  are  aa  follow*  : 


■arOoid 

■u  Geld,  la* 

■arOeULnlaabto 

•paalshDsaklooas 

■esit  kmm\nm  Deablooas. 
PaHedBtamqaldo^"  ... 


psroa.  •taodard 
.par  oa.  ausdard. 
.paras.  (Uadani . 


•.   d. 

TT    » 

n  » 

n  n 


*.  d. 


'.ria*. 
8flT*r.  eoataialag  ■  gn.  OoU. 

DoUan. 


t.    d. 


peroa.  «   «wi 

a.  d. 

per  as.  ttaadard.  4  TK  tt  ...■ 
...p*ror.  da  <  »1-I«A.... 
paroa.  4  t»-l*0-.- 

gaaalaa  Doflara  (Owoiaa) p«raB.aiHnb*c«       

five  ViBae  Plseas paroa. 

Notwithatandlng  the  lacreaalng  abaadaaee  of  monuj,  the  stock 
markau  hare  baen  dall,  and  la  nearly  all  eaaea  prices  are  lower. 
Tk*  priadpal  exeaptioa  ar*  eoawla.  which,  aa  oaaal,  when  a  want 
I  asiala,  hare  siparisoeed  a  marked  improremaat  ia 
PmiThM  OoTvinaeat  ■searitlaabare  been  rery  depresMd 
Ib*  maeh  lower.  Bgrpliaa  are  alao  weaker;  bat  Tarklah 
■pantlvely  ataadj,  Erie  railroad  secaritlea.  owing 
to  the  low  ralaa  qgrtfrnt,  have  •xparisMtd  a  alight  ImproraaMOt ; 
a«d  aa  regards  Unilsd  Siataa  OoTerwl  boods  a  steady  toaehaa 
pnraUad.  The  dosing  qaotattona  for  aeaaola  and  the  priadpal 
I  Mcaritlaa  at  to  day's  markat,  eompatad  with  thosa  of 
k.arasvbjoiaad: 

■ate.     Jair  X 

MM*  ... 

..an  m  lios 
.am  mw  taj 


JaasM. 
lorj 


a.  i.vHi.ttnMtjmay.tuViik.tt.'m.u, 

Do       f.... 

Do   nttSOda  M.  .•«  ■•..••■••aaa>B**eeae.. 

Do  1941^10  ...    .■■•■••••■•■•■•...•••••... 


Da 
Oa 
Do 
Do 


0O  so.  ■  *!«•*•••••••• 

Oe         la 

TteiiBiaMofkt^ 

Oe         Kaw  faadaJ  «•.. 


•d  ■wt..luio.  Ta..i«a 
■ert..fLaM. 


MBart.,ft,K» KM 

^,l*OMakOaa.aain*  ...!«■ 

Oifflnl  osiVtv  MVMW.  ML  flot^  n. flM 

laf  (Mttaral^latasrt^di..  ..MM 
CUMmla*  Oraaoa  Shr..  M 


tia*S&5lhnU»a« 


.lara 


..UM 


■aitMia. 


lUaanrt  EasMt  *  TtSM,  t«  Matt.,  tear,  aaid 

lfawTorkiaal0a*lloBU«al,1».... MM 

"ork  Cwtral  *  Hi 
arkOaMlgm 


M  mm 
M  mm 

m  Sw 

<■  i 

1** 

**  1 

1" 

m  1 

im 

«•  1 

>m 

•  < 

>» 

41 

iH 

KM 

inc 

WH 

1  u 

n  1 

>« 

« 

>■ 

n  I 

i» 

K 

,m 

n  1 

iTT 

n 

iT7 

m 

l« 

ft 

>m 

m  1 

,« 

m 

,m 

n  ( 

Urn 

*>  4 

fm 

.  *lloBU«al,1»..., 

Haw  Tork  Cwtral  *  Hadaoa  IU*«r  ■ortf.  boada. 

Maw  Tark  Oaaoal  f  —  ^— 


r» i« 

lajswiia  araauiia  i 
krt*fm.Kjco  ...tnt 


k«tw„ 

Do^        do. 
Dm.         do. 


.^g^        *k  do.lB.par.b7Brtarr.     IB  i 

Urthtw  <*tdar  Hnrldi  a  inii«««ni«  -■        wnt  T^ 


1^ 


M  AMaa  MatMaa  aaaael.  ■art,  *■■  . 
laTfiartfaittaA*.  T*. 


aa.«fBSLalMr 

Jaaaary,  ttn,  le 


40   I  ,4* 
—         »4 

M 

,  n 

JOIW 


■  mm 


U  I 

tv  (m 

M 

so  #4B 

lOS  •     104 


1MM< 

«' 
101 

8 


as 

m 


Bedm. 

SMiwBBaUwaror  Xaaotcliaaatta,  «<  18M 

Arte  conTertible  bonds,  si isrs 

Do.  eoa*.  mart,  for  coot,  of  sxiatintr  bonds.Ta.lMO 

Do.  Mcood  mort,  7*  IBM 

Ollawn  Clintoo  i  Spiingfleld  Ut  mon.gold.7s..  ItOO 
lUlDoi*  A  SL  LoaIeBrid«e  :Mmort.7* IWO 

Do.  do.  2dmort.,7t.  

nilooia  Caatial,  itnUDf  fand.  ta....; im 

.      .Do.  ^o  Is.  18JK 

nUnoi*  Mlnoori  *  Texas  Ut  mart  7s ...18S1 

Lehlgb  VallcT  eonaol.  mort.  "A,"  Is 

LoalSTiUsANsaliTiUe,  6s ItuS 

Msoipala  *  Ohio  Isl  mort.  7s  1901 

MOwaakaa  A  St.  Paul.  Ut  mort.  T* 1901 

Kaw  Tock  *  Osnada  R^ny,  nar.  br  th«  Dala- 

ware  *  Hodsua  Csaal  scrit., 'IB 1994 

IT.  T.  Ceanal  *  Hadsoo  IUt.  SMtt.  bonds,  la..  1908 
NorthsnCaDlnlirwsr.  cooioLiMirt.,  6s....  I9C4 

Fauaw«naaalBart|aca,Ts. 1907 

Parte  *  Daeatar 1891 

Pean«7iTaBiacaBanliiMct.a*... 1910 

^Oo.  eoaaoLsinkKfHdmartls...  .1905 
roialiauuu  eaa.  mort.  (Jan«  IQ  Ksar.  bjr  Pbll. 

A  Boadlng,  la  1918 

Pba  A  Itla lat matt.  Opur.  bTPinn.BH.)ia°.'.18a 

Do.        w<thoptloatobapaidinPhll.,8s  ... 

PbO.  A  Ma  tan.  matt^casr.  br  Peaa.  KB.)«s.lS)0 

PhlL  A  naadlag  aaoatalconsoL  nvKt.  I* 1911 

Dol    •        &ip.mort.,<a 1W7 

Da  na.  mart.,  ISM,  scrip,  rs 

BoatkAIIerthiEbinubondMs...... 

St.  Loola  Toaaal  tat  mart.  (jnar.  by  tbs  nilaols 

ASt.  LoaU  Bridge  Co.)  9a IgSB 

DalaiiPacUeRinway,  OmsbaBr<dc«,8a..  .in« 
Caltad  Kaw  Jsrsa;  BsUvBj  and  Oual,  Is laM 

D&  do.  do.  do.  (a 1901 

Meairs.  J.  S.  Morgan  &  Oo.  annoance  the  default  of  the  IllinolB 
A  St.  Lonia  Bridge  Company  In  the  payment  of  the  intereat  now 
doe  on  the  bonds.  They  haTe  taken  steps,  however,  to  protect 
the  bondholders'  intereata,  which  they  bellere  will  not  be  more 
than  te«Dporarlly  affected. 

There  haa  been  ^  copiooa  ralafall  this  weak,  and  the  grass  and 
root  crop*  are  laxariant.  Cattle  food  is  abundant  and  there  ia 
STory  prospect  oC  a  large  snpply  during  the  winter  months.  The 
wheat  crop  also  promise*  well,  although  dry  wrather  is  now 
reqalred  for  bringing  it  to  maturity.  The  harrest  will  probably 
be  later  than  asaal.and  aa  short  aapplias  of  wheat  are  now 
eooUag  to  market,  aa  adranca  of  Is.  to  2s.  per  quarter  haa  been 
•Habllabsd  in  prtees  daring  the  week.  The  arerage  ralue  of 
BagUah  prodaee  is  now  4Ss.  ltd.,  against  40*.  4d.  per  quarter 
last  year;  making  the  aTsiage  for  the  season  4Ss.  6d.,  against 
61a.  8d.  ta  I87S-4.  The  total  sales  in  the  Tnitad  Kingdom  since 
harvest  are  •atimatad  at  ft.W7,000  qoarteis,  against  8,28«,0U0 
qoartar*  In  the  preTioua  *ia*on. 

The  folloaring  flgnrss  show  ths  Imports  and  exports  of  eeraa  1 
prodaoe  into  and  from  tbt  United  Kingdom  since  harreat,  tIs., 
from  B«pl«ab*r  1  to  the  «lo**  of  last  week,  compared  with  the 
coimpnadlng  period  in  th*  three  previous  years  :      f 


70  an 

98    893 

iotMaio4K 


,1. 


BOBAS  ..••••••  ••••a*a 

tadUaOon 

^00«  ••••••*•  ■•■•  as  el 


ttr4-«. 

..cwLMLMUat 

iun.u* 

>  •  a  .  *  •  •       ^^^^^^* 


un-4.        in«-«. 

•iMOjn       aM4«.U8 


vstst 


.awt. 


^^^■^^N  •!  •  a  ■••  •• 

ladlaa  Oan ... 
Ploer 


MKJai 


10,018 
18.108 
t,447 
48,011 


7,181.919 
8.747,610 
1,0MLI*4 
l.«>t.UO 
I4w»a,901 

».4m,mi 


1,177411 
l*18ra 
104.8)8 

lo.m 

l.ftU 
187.104 
I8IJ88 


l*,88t,8 

9.«njrT 

1.970,«7« 
1,487.888 
I7.19l,784 
8,888,848 

»1J1I 

17.881 


T,008 
8,488 

81,871 

11.814 


18n.«. 
81.818,491 
10,888.811 

8,ra8.7a8 
M8.ni 

8.100,100 
1&,641,848 
8.78ll«l 

9,188.807 

18,888 

188^88 

8,888 

8.048 

91,078 

80,906 


that  boaiBeas  eontlaaed  to  be 
but  from  the  West  Eliding  o< 


Advtosaftam  Msuthsilti   staU 
80A<Bilsd  with  iitisw  «a«tion  : 
Torfcihirs  ths  aeeonata  are  more  aatiafaetery,  a  good  businaaa 
\MtmK  la  piagi***  ia  wool  and  woolaa  goods  at  firm  prteea. 

Tha  MIowing  aotlea  has  boon  lasnad  by  the  Ix>ndon  and  Weat« 
mlaaur  Baak.  It  will  ba  parcaived  that  that  inatitntion  has,  in 
eonaaqoaoee  of  the  receot  talluraa,  sustained  heav7  loasea,  and 
that  a  lasfs  Hhnsfer  from  tha  reserve  is  neesssary  in  order  to  pay 
a  dlvtdmd  eqoal  only  to  ona-half  of  that  diatribnted  at  thl* 
p«flod  laatyaar  : 

"  Tha  dliaelon  of  ths  London  and  Westminster  Bank  have 
Naolved  to  declare  a  dividaad  at  the  rate  of  lU  per  cent  per 
aaaam  oa  Ikspald-np  eapUal  of  C2jOOO,000  for  the  half  year  end- 
ing tha  80th  J  oaa.  Toe  Ml  profits  for  the  six  months,  after 
Biaking  the  usual  appropriations  and  provision  for  ordinary,  bad 
aad  doubtful  debts,  amount  to  £3SS,000,  of  which  the  dividend 
absorb*  £100,000,  tha  balance  ot  the  above  profit  being  carried 
to  th*  raat,  which  would  then  amouot  to  £1,187,000.  In  view  of 
tha  «M*pt>oaal  loaaa*  and  frauda  daring  the  half  Tear,  the 
dliaolois  nava  thought  it  pnidaat  to  transfer  the  sum  of  £^00,000 
{moi  tha  rsat  to  a  Medal  sosponse  aeoeant,  which  sum  tbey  con- 
aider  more  tbaa  aaSoioBt  to  meet  all  oontiofcencle*.  After  the 
loregolng  raduetloa  th*  r***rv*  will  stand  at  £647,000." 

Maallak  narKat  Iteports— Per  Oakle. 

Thedallyelosingqaotationainthemarketaof  tiondon  and  Liver- 
pool for  the  past  week  have  b««a  reported  by  oable,  aa  shown  in 
th*  following  aafflmarjr : 


66 


THE   CHRONICLR 


[July  17,  1875 


London  Monty  and  Stock  Market.— Tho  bullion  In  the  Bank 

ol  England    baa   increaawi  £820,000   during   the  week.      Below 

are  closing  prices  on  each  day. 

Hat  Mon.        Tae»      Wed.  Thar.  B"rt. 

Uonaola  tormoneT 9)1-16     91  M«     M  MB   94  1-16  94  93  IK-l'i 

■'      accoant 94  ft-tS     94  3-16    Ol  3-18  94  3-16  04  1-16  94 

O.S.««(6-«0^)I8«l,oli!..l06X  10«X        106X      109«  106!<  10«X 

1867 iwn      106X     m%    I06X       ma      im 

0.8.1(M0a !«>,'         lots       'MX      ^0*H         lO^X         104X 

Maw  5t 108X       -103X       108X      104  xWiX         lOiX 

Tbs    quoladona    tor    Jaiixd    StaioK   t«   (ISftS)    at    Frankfort 

were: 

U.  8.««(M0»)186J    ...    98K         ..  MX         93>tf  -..        '    ... 

Liverpool  Cotton  .If  irAc)!. — See  special  report  of  cotton. 

Liverpool  Breadstujft  Market. — The  breadstiiSa  market  closes 
firm.  Prices  are  generally  higher,  excepting  corn,  which  de- 
clined 6d.  at  the  close  of  the  week,  and  is  8d.  lower  than  on  Sat- 
urday last. 

Sat.       Mon.      Tuea.       Wed.       Thnr.       Prl. 
a.  d.      a.   d.      s.   d.       a,  d.       a.   d.       a.  d. 

rioar(Weaiem) ybbl  31    0       %1    0       HO       SI    0       !1.  0       23    0 

Wheat  ( Kcd  W'n.  apr).Vctl    83         85         85         87         8  10         8  11 

"      iKed  Winter)....    "90         90         90         90         90         90 

"  (Cal.  White  club)  ••  94  94  96  97  9  10  9  11 
Corn  (W.  mixed)  ^qnartcr  33  3  33  6  33  6  38  6  3.i  6  33  0 
P«a«fCaniidian)..W  Quarter  40    6       4U    6       40    6       40    6       41    fl       41    0 

'Livertiool  frovUnont  Market. — Beef,    lard    and    cheese    have 

declined  since  last  Friday,  while  bacon   has  gained  3d.    Pork 

steady. 

Sat.  Mon.  Tnea.  Wed.  Thnr.  Prl. 

a.  d.  «.    d.  a.  d.  a.  d.  a.  d  a.  d. 

Beef  (me»8)  new » tee 67    0  66    6  66  0  65  0  65    0  65    0 

Pork  (mess)  new  «bbl...        73    0  73    0  7i  0  7.3  0  73    0  73    0 

Bacon  (long  cl.  mid.)*  cwl    81    9  54    0  5J  0  52  0  f2    0  52    0 

Lard  (American)  ...     "         68    3  53    0  68  0  5S  0  57    9  57    9 

OheeseCAmer'n  fine)    "         56    0  5o    0  55  0  66  0  55    0  55    0 

Liverpool  Produce    Market. — Spirits    turpentine    gained    6d. 

daring  the  past  week. 

Sat.  Mon.  Tuea.  Wed.  Thar.  Fri. 

a.  d.  a.  d.  a.  d.  a.  d.  a.   d.  a.  d. 

Koatn  (common)...  V  cvrt. .    50  50  50  50  50  50 

"     (Ine) "       18    0  18    0  18    0  18    0  18    0  18    0 

Petrolen.a(reflned)....Vga!        9  9  9  9  9  9 

,apiilt«) "888  8  8  S 

rallow(American)...#  cwt.  40    6  40    6  40    6  40    6  40    6  40    6 

0!overeeed(Am.red)..     '•     37    0  37    0  37    0  37    0  37    0  37    0 

Spirit*  turpentine "     22    6  23    0  23    0  23    0  23    0  23    0 

London  Produce  and  Oil  Markets. — Sperm  oil  is  £1  higher, 

while  linseed  oil  is  quoted  3d.  lower. 

Sat.  Mon.  Tuea.  Wed.        Thnr.       Prl. 

£   a  d.  £  a.  d.  £    8.  d.  £  a.  d.    £    a.  d.    £    s.    d. 

Llaa*dc'ke(obl).y  tn  10  IS    0  10  :5    0  10  15    0  10  15    0    10  15  0     10  15    0 

UBseed(CalcntU)....        5U6  50    6  506  506         50  6         50    6 
aagar(No.  IS  D'ch  etd) 

onspot,Vcwt 23    0  23    0  23    0  23    0          23  0          S3    0 

Sperm  oil Stun.  M    0    0  99  0    0  99    0    0  99    0    0  100    0  0  100    0    0 

Whaieoil "     34    0    0  34  0    0  34    0    0  34    0    0     3»    0  0    34    00 

Linseed  oil....*  cwt.        24    3  240  21    0  240         24  0         240 


(Commercial  anb  ittiscellan^ous  ISitms, 


iMPOBfS  AND  EXP0RT8  COR  THK  WaRK.— The  imports  this 
•reek  show  a  decrease  in  both  dry  goods  and  in  treueral  mer- 
chandise. The  total  imports  amount  to  $4,343,501  this  week, 
against  $t),388,188  last  week,  and  $6,934,666  the  previous  week. 
The  exports  are  $,).013,248  this  week,  against  |6,190,155  last 
week  auii  $5,318,653  the  previous  week.  The  exports  of  cotton, 
the  past  week  were  10,340  bales,  against  9,113  bales  last  week. 
The  tollo wing  are  the  imports  at  New  York  for  week  endinir  (for 
dry  goods)  July  8,  and  for  the  week  ending  (for  general  mer 
cbandise)  July  9 : 


rORIleN  IHPORTS  AT  NBW    roitS   FOB  THB   VBBK. 


1872. 

Dry  KOOds 11,519,228 

(teneral  meichandlee...        4,586,011 


Total  for  the  week,. 
Previonaly  reported.... 


16.085,239 
232,125,858 


1873. 

$1.8411,1.38 

7,592,158 

$9,432,296 
217,215,615 


1874. 

$1,781,536 

6,033,452 

17,814,988 
216,861,011 


1875. 

3,385,688 


$4,342,501 
183,115.525 


Since  Jan.  1 . 


...  $233,211,097      $226,6)7,911 


$224,075,999    $187,458,0-46 

Inonrrsportof  thedry  goods  trade  will  be  found  the  Imports  of 
dry  goods  for  one  week  later. 

The  following  is  a  statement  of  the  exports  (exclusive  of  specie) 
from  the  port  of  New  York  to  foreign  ports,  for  the  week  endinir 
July  13: 

BZrOBTa  FBOll  HBW  TOBK  FOB  THE   WBBK. 

1878. 

For  the  week $8,985,813 

Prevloaaly  reported....      111,123,604 


1873. 

$6,427,800 

145,174,111 


1874.  1876. 

$6,267,356         $5,013,248 
152,367,863        127,942.151 


July  10— Str.  Neckar. 


.Loudon Gold  bir^ 

Southampton.. Silver  bara 

Ameclcan  gold  coin. 


50,000 

»9,123 

450,000 


Total  for  the  week ^ $2,939,605 

Previously  reported 52,165,429 

Total  aince  January  1, 1876 $56,105,034 


Same  time  In— 

1869 ..$16,450,160 

1868 55.425,178 

1367 ,.    31,2:.3,658 

1866 49,363,138 


Same  time  in- 

1874 $31,677,701 

1873 81,8M,235 

1872 4I,14.').611 

1871 48,413.898 

1870 20,9A833 

The  imports  of  specie  at  Uiis  port  during  the  past  week  have 
been  as  follows: 

July   6— Bark  Cnracoa Curacoa Gold $1,520 

July   e^Str.  Alpa Savanllla Silver 1,808 

Gold 2,040 

Gold  duet 1,168 

July   9— Str.Atlas Kingaton Gold 1,601 

July  10— Sir.  Colon A^plnwail Silver 4,500 

Gold 2.300 


Total  for  the  week  $15,137 

Prevlonaly  reported 7,371,024 

Total  ainco  .Jan.  1  1875 $7,386,161 


Same  time  in- 

1S74 ...$8,659,803 

1873 2,7.'i8.9B9 

1873 2,73.3,748 

1871.. 3,2:i3,600 


Same  time  in— 

1870 $7,281,647 

1869 9,747,700 

1868 4008,253 

1867 1,606,975 

National  Treasury. — Ttie  following  forms  present  a  sum- 
mary of  certain  weekly  transactions  at  the  National  Treasury. 

l.-^Securities  held  by  the  U.  8.  Treasurer  in  trust  for  National 
Banasand  balance,  in  the  Treasury  : 


Week  For 

andine  Circulation 
May  1...  379,506,900 
May  8....  379,88.3.400 
May  15  ..  ■379,198,900 
May 22..  373.186,900 
Janes..  37ri,93«,9C0 
June  12..  378,17ri.400 
June  19..  376,860,400 
June  26.  376,5-it.,600 
July  3.    .  315.735,000 

fuly   10.  373,333,000 


For  U.S. 
DeDoaita. 
16,227,400 
16.',5J.200 
16.017.200 
15,9li7,2lO 
15,917,^00 
15,942,200 
15  892.200 
15,817,200 
15,792,200 
15,792,200 


Total. 
395,734.100 
395,535,600 
395,216,100 
395,154.100 
391,856,100 
394,118.600 
392,752,600 
392,402,800 
391,527,200 
893,125,200 


Coin  cer- 

^Bal.  in  Treasury.-,    tificatea 

Coin.       Currencv.  ontatM'p. 

1,096,376     22.403,310 

1,870,125      "    ' 

3.501,429 
3,806,600 
3,434,798 
3.874,655 
4.155,245 
3,811,344 


94,625,669 

88,814,4-;S 
92,201,153 
92.551,522 
83,927,204 
83,1)08,659 
7';.016  446 
69,915,673 


21,16fi,400 
20.848  600 
Sn.ll'I.SOO 
19,777.200 
19,248,300 
19,603.100 
18,489,700 

69,608,526      2,240,471    23,673,800 
3. — National  bank  curreucy  in  circulation  ;  fractional  currency 
received  from  the  Currency  Bureau  by  U.  S.  Treasurer,  and  dis- 
tributed weekly ;  also  the  amount  of  legal  tenders  distributed : 
Week  Notes  in  .—Fractional  Currency.-^  Leg.  Ten  . 

ending 

April  S4 

May  1 


Circulation, 

Received, 

Distributed.  Diatrib'd. 

349.710,241 

674,100 

2,192.144 

350,536,886 

882.700 

2,997.468 

a4!).469,201 

615,600 

2,438,775 

360,459,189 

704.800 

2,590,366 

350,018.329 

742,000 

8,303,600 

350,780,279 

695,100 

2,908.157 

349,257,839 

636,300 

1,923,242 

348,994,474 

697,900 

.3,1 48,376 

349.402,839 

690,906 

3,462,592 

349,285,809 

1,6.'.0,000 

349,735,164 

1,985,272 

May  15 

MaySS 

June  5 

June  12 

June  19 

June  88 

July  3 

July  10 

— One  of  the  most  useful  of  modern  inventions  upon  a  cotton 
plantation,  farm  or  in  a  warehouse  where  hay^  cotton,  hides, 
rags,  &c.,  are  to  be  baled,  is  a  first-class  hand  power  or  horse 
power  and  screw  press — one  that  is  durable  and  simple  in 
mechanism,  yet  powerful  in  the  force  it  exerts  upon  the  article 
to  be  baled,  while  doing  its  work  quickly  and  neatly.  Such  a 
press,  for  which  all  the  excellences  above  described  are  claimed,  is 
manufactured  by  Messrs.  Ingersoll  &  Balaton,  Greenpoint,  L.  I., 
whose  patents  date  back  to  1856,  siuce  which  time  their  press  has 
be<-n  largely  used  and  highly  recommended  in  the  United  States, 
Europe  and  South  America.  Those  desiring  to  see  the  press  in 
use  and  inspecting  it  for  themselves  can  do  so  by  calling  upon  the 
following  well-known  firms,  viz:  Wm.  Cushinjr,  New  (jrleans. 
La.;  W.  L.  Gushing  &  Moore  and  A.  W.  &  E.  P.  l-legg,  Galveston, 
Texas;  P.  S.  Meaerole,  Chicago,  111.;  Edward  Magee,  Liverpool; 
John  G,  Rollins  &  Co.,  Old  Swan  Wharf,  London,  England,  and 
Boeke  &  Huidekoper,  Groningen,  Holland, 

— The  Home  Insurance  Company  appears  to  be  finding  profit- 
able business  enough,  even  during  these  dull  times.  Its  first  of 
July  statement  will  be  found  in  our  advertising  columns,  and  no 
better  evidence  of  good  management  (Jsuld  be  desired  than  the 
figures  they  there  give  present.  The  company  is  rapidly  increas- 
ing its  surplus,  having  now  $620,000  over  and  above  its  capital 
and  reserve  for  re-insurance  and  unpaid  losses. 


Since  Jan.l $115,089,417     $150,601,911     $158,635,219     $132,955,399 

The  following  will  show  the  exports  of  specie  from  the  port  ol 
New  York  for  the  week  ending  July  10,  1875,  and  since  the 
beginning  of  the  year,  with  a  comparison  for  the  corresponding 
date  in  previous  years  : 

Jnly  7— Str.  Bothnia Liverpool Gold  bara $30,000 

,  ,      „    „      „         .                                             American  goid  coin...  SSn.OdO 

Jnly   S-^'tr.  Ocorjrla Havana Spanishgold S.C80 

^aiy   a— Str.  Cimbria Hambnrg Silver  bars 68  1:11 

Plymouth American  gold  coin...  600,000 

Parla  A  London  Silver  bare 8^,760 

,,„-_.      T  ,_     „               ^                         Silvercoin 28.000 

Jnly   9— Brig.  ,Tohn  Maaon  —  Porto  Cabello.. American  gold S8  000 

Jnly  10— Str.  City  of  Cheatix.  .Liverpool American  gold 1,0.50,000 

Silver  bara". 38,500 

Goidbara 30,000 


BANKING  AND  FINANCIAL, 

EAILROAD  BONDS.— Whether  you  wish  to  BnT  or  SELL,  write  to 

HA8SLBR  &  CO.,  No.  1  Wa'l  street.  N.  T. 

JOHN  HICKLING  &  CO.,  BANKERS  AND  BROKERS,  72  BROADWAY, 
N.  y.,  are  prepared  to  fill  orders  for  SlocltB  and  Mocic  Privileges  b.v  mail  and 
telegraph.  Parties  wishing  to  learn  how  to  operate  on  limited  risk  should  call 
for  our  book.  "Men  and  Idioma  of  Wail  street";  sent  free  to  any  address' 


STOCKS 
Dealt  In  at  the  New  York  Stock  Exchange  bought  and  sol  i  by  us  on  margin  of 
five  per  cent. 

PRIVILEQES 
Negotiated  at  one  to  two  per  cent  from  market  on  members  of  the  New  York 
Exchange  or  responsible  parties.    Large  sums  have  been  realized  the  past  30 
days.    Put  or  call  costs  on  100  eliareB 

$106  35 
Straddles  $250  each,  control  200  shares  of  stock  for  30  days  without  further 
risk,  while  many  thousand  dollars  prortt  miy  be  gained.     Advice  and  informa- 
tion furnished.    Pamphlet,  contain  ng  valuable  eutistical  information  and 
showing  how  Wall  street  operations  are  conducted  sent 

RREE 
To  any  address.    Orders  solicited  by  mail  or  wire  and  promptly  executed  by 
•BO   address, 

TUMBBIDQB  &  CO.,  Bankers  and  Brokers 
Ho.  3  Wall  street  N.' 


July  17,  1875  J 


THE   CHRONICLR 


67 


€{)€    hauliers'    ®autte. 

^lAriOTTll.  B1NK«  OBBANISBB. 

TtM  Dnitad  Suie*  Comptroller  ot  the  Currenej  farnishM  the 
foltoiriiicMatmBwBtof  National  Baaka orxmniiaJ  the  pact  week; 
t,|M-MrMt«laMv  KaOoHl  Buk.WwtailHlw.  MaMukiuMta.  Aathoriaad 
eapltat.  tlW,OM:  »ald-la  caplul.  •SMOOl    Duiial  C.  MUca.  Praatdant: 

^^  -  roTc^ai-       ■  


Wab  Maro.  Ctealer.    AaikarUetl  la  « 


aoca  boalaaaa  Jol;  10,  Un. 


•  I  V  I  •  K 

Tka  laUo«ia^  Otvtdaada  bar*  racaaiir  I 


II  »lt. 


Ooaraar. 


-ynr 


HallroB4a. 

■■at  PrORtylraaia. 

MlllCrask  A  ViaeOili 

ML  Carkoa  A  Port  Carbon.  .. 

SckijIkUi  Vall'T 

Ttns  Haua  A  ladlaaapalla. . 
Waaka. 

HMlMal  Cit7«|(nr.) 

turn 

A4fialle. 

Aaatteaa 

Aalij 

Aictlc  f\*< 


yafiacat  tin... 

0«ai«aBl 


Ua 
Baparta*.. 


iVIn. 


L»ni  Flia 

Maafeat  aa  Ftoa.... 


ftumOaao^ 

PbaaX  (ltn<*lfa> 

■■aNit  r.»a 

1  nta. 


WillUiMbBt|di  Ot*  rtra 
•ilaaaflai 
>  A  B 


Warns  '  Hook*  rruoaao. 
P'aBLB.  (Oa/a  Iccluira.) 


j  ust  iaaaed  ara  described  ■■  follows :  "  Coapoa  bonds  known  as 
the  foarth  Kriee,  act  ot  Feb.  35,  1863.  dated  May  1,  1863,  as  fol- 
lows: (Joupoo  bonds  $50.  Nos.  31,701  to  33,500  both  inclusire ; 
|IOC,  Xo<.  94,501  to  75.000,  both  inclusive;  f503,  Koa.  34,001  to 
38,300.  both  inclosive  ;  $1,000.  Nos,  96,901  to  108,000,  both  inclu- 
siTe.  The  amount  outsiAading  (embraced  in  the  numbers  as 
above)  is  |10.000.000." 
tJlosiaK  prieee  datW  have  been  as'foUows : 

July    Jaly    July     July    Jnly    July 
lui.  psdod.      ici         11        IS.        14.        I&.       IH. 
Jaii.*Jaly.«l«OK  *:ai)i    1»X      ...      IW     *mn 
JtD.AJoly.    Itj     *MX    \»M    in       in     *'M}t 

MayANoT 'IIT         

May  A  Not   'in         ....  »\W\  'IISX    115!^  'USX 
MayANoT.  •U8K         -    •n"H  •H8     •lt*X    1"X 
MayANoT      Wii^    118)^  •n8,S    H^K    118     *I1:K 
MayANoT.  •1«M    \\t\    1(0     'IISV  *1'BX    H* 
MayANoT.*!*!^    Ill        IWK 'IKK    n*\ 
Jaa.*jBly     \10%*\\t%  'Ik 


ts.ian rag. 

la,  1881 eoop. 

••.MO'a,  18H rrg 

«a.5M'>.  18a....eaap. 

K5-«ra.iaM rrg. 

la,  S-M'a,  ISM coup. 

•a,6-Wa,iatS r«K 

ta,  &-*i'a,  1M» coop. 

(a,fttS-i.MS,a.i..  las. 
•a,  S-*a^s,18n  o .  1  ,eoa  p . 

•a.Mlira.l9>T r«K. 

(a,  Mtra,  IMT — coap. 

•a,Mara.l«« rrr. 

I*.  5-Wa,  ItM coup 

9a,  lOWa ra(. 

la,IO-«ra eoap 

as.  raadad.  I«l r<« 

Is.  (Ba4ad.  IMI.  ..coap. 
la.OuicacT f«a. 


Jaa.AJaly. 
JaaAJaly. 
Jan.  A  Jaly. 
.Jan.  A  Jaly. 
Jaa.  AJoly. 
Mat.  A  Sept. 
Mar.  A  Sept. 
..Qaatteriy. 
...^urtarly. 
Jaa.  A  July. 


itOli 

i» 

•ii»x 

n\H 

i«nt« 

\v.\ 

ItlX 

i«i« 

ItlW 

•IW 

121 H 

•1*1 

iti 

IITS 

\:iK 

ins 

n» 

w\ 

•118X 

IKS 

ir.>i 

ins 

llbV 

IIHV 

lUU 

'.n% 

mv 

*ms 

ll«     111 

lis       119V    IIIK 
IW%    1«U)<*I10X 

ItOK    \»H   1»X 

...•110     •ISDX 

<.WK    1«IS'  *l*0)i 

117     'inv    WtM 

11-s-   inH'ii:j( 

'll»«i  'IISS  'iw 

....  •inj^'iiTM 
mn    ....  mn 


A^    tLlsly  W  to  Aa» 


•Thltlatfea  prlca  bid  ;  aoaato  waa  inadaat  tb*  Board 
Ths  -anffe  In  prices  since  Jan.  1,  and  the  auiouat  of  each  data 
o(  boads  oukaiandinK  Jaljr  1,  1879.  were  aa  follows: 

alDca  Ian.  1.^   >— Amoaui  Jaly  I.- 


ratsAT.  Jaly  it.  isn-«  P.  a. 

Tka  Sfaaar  Slarkal  mm*  riaaaclal  aitaallaa.  —  Oaa 
of  the  moat  mtialaetory  developmaala  ot  tlaa  past  week  baa  beaa 
tba  adranoe  ia  wheat  oa  eoasi«teral>la  parcbaaaa  for  aipon.  wbieb 
hoTe  giva*  soaa  ni— tloo  M  the  fnfai  OMrkat,  aad  alao  wAm  a 
folr  amoaai  of  wiinlil  OTchanf.  Tka  crap  pfnapirti  of  tka 
oooBtry,  at  tba  piwsat  Uaa.  are  •SMtlaai.  aad  aboaM  we  bo 
aariatad  br  a  iraod  asport  damaad  tor  JoM—tte  prodaes.  al  fair 
prtoM.  aa  Importaat  step  towards  tba  rs  aalabllshmeat  of  proa- 
perliy  woald  bo  aeeanplUbad. 

Moaay  oa  emit  baa  baaa  praaainK  tor  asa  at  tbe  lowest  ratta  at 
%»j  ti«e  Made;  o«  Tbaiaday  afiaraooa  wa  baard  ol  $1/100.000 
batay  looad  oa  aloek  eslUtorala  at  U  par  esai.  alao  of  balaaoaa 
allowed  to  ramalBoaitovaraaHratoollaietal  at  t  par  aaat.  Thaaa, 
bowever.  are  loarar  ibaa  a  (air  marfcat  i|aotAltoa.  wftteh  to  ttgH 
par  esal.  Oa  Uaa  kaaa  mamtj  baa  baaa  oflbnd  oa  fDrammaat 
aollauial  at  t  par  esat  far  M  dajs.  aad  $(  par  eaal  UII  laaaary  ; 
alaa  al  4^  par  ««at  UII  Jaaaary  10.  oa  good  ■took  eoltalaral.  Thaaa 
lasiaaaM  will  sbow  pr»uy  laUjr  the  loaa  ot  faall^  sow  praralaat 
AOMBg  tba  Im«*7  aonay  Isadsw. 

UoeMBetetal  paper  U  la  good  dKOiaad  for  prinw  (rmdaa  at  4  to 
4i  par  eaat.  wttb  aam«  axaaptloas  at  3i  par  «aat  oa  diatca  abort 


ls,lin re*. 

Ia,iai coap. 

Is.  WIT  a,  im. coap 

•a,  Mr  a.  ISM coap. 

la,  l^tVa.  IMft coup. 

Ia,l-Vf...  '   oaw.coap. 

•B,Mr«,iaa7 coap. 

la,l-«ra,ItM....'  ruap 

la,IMra -e. 

la,IMra (..•>).. 

Ia,faaaa4.  IHl eoaii. 

la.Carraaey rae. 


lit  Jan. 
:UK  Jaa. 

I  MM  Jan. 
Ill  Jaa. 
lUM  Jaa. 
IITMJaa. 
lltMJaa. 
lU  Jaa. 
lll)fltcb. 
ll«\Meb. 

I I  IK  Jan. 
llTKJaa. 


Hlataaat      RaatilcTcd.     Coapoa. 
S  l«rs  May  Mtin.SS,8U     _t 


8,lt»K  Jbu*  n 
I  \»\  Apr.  18 
II  Itl  Apr.  *; 
S  IttV  Janaia 
8  II4S  Janr  17 
•  It^M  Janets 
t,:ti\  Jane  18 
t>  \\»X  Jane  18 


ll«>tJane  7 
III  June  IS 
IMKApr.  S4 


M.40T.MI0 
al.«0     MJ10.U0 

M.aoi.100    M.wi.Boe 

ta,7«t.00O  lM,74l.tM 

Ml.l«.4ea  144.U14IM) 

n.Mt,7M  Ml.WT.WO 

!t.lS^BCO  U.188.M0 

14I.I0I,»M  .... 
»t.SM.7ft0 

IOt.««,S(iO  l(niM,KO 

•4.an.Mt         


iSoaiac  piieaa  of  saeuritlea  In  London  have  been  as  foUowa: 


0.  •.  la,  MTa,  1«^  eld  . 

o.s.ia,i>ira.un 

0.«.la.l»4ra 

«••»• 


IMX 
lOIS 


"sar 
1. 

IMS 
104 


■MX 


— waes 
Unseat. 


ilaes  Jsa.  L_  ISIB.  — 
BUbest. 


xnn  Apr.  f»  :wji  Apr.  i 

\»M  JB'ie  18    \MM  May  5 

lOtK  Feb.  11    106  K  Feb.  I 

Ift     Apr.  11   104     Jaly  I 


■late  aad  MallraaA  Boada.— Teaneaaer  I 
firm  at  30.  Tb«  t>iO'ls  moat  in  dmiiand  of  : 
tba  Vlmiaia  eooaola.  whioh  am  aouirht  br 
8tata   wbo  caa  aaa  tba  eou|><>oa  for   taxea 


'•reltjr 
■I  are 

|>nru'*n    wiiMiu    the 

TliTr  'i««  Ihtcii  do 


Oa  Tbarsdav  lb*  Baak  M  Ba«iaad  raponad  a  fata  lor  tba  weak 
of  CSIOjKO  la  bailloa.  tba  diaooant  rau  iiiailiilag  aaebaafad  at 
$  pat  ceat.    Tba  Baak  ol  Fraoos  lost  7.70iM>  fnA«  la  apada. 

Tba  laat  weakly  slaiaaaat  ot  tka  Maw  Tork  City  Claanag 
Baass  Baaka.  taaaad  Jal/  10.  ekowad  a  diniaaii  of  $I.1»1JS9S  Id 
tka  exaaaa  abova  tbeir  »  par  caat.  lagal  raasrra,  the  whole  of 
aaeb  oMsaa  baia*  $SI.W7J0O.  agalaal  •MJSI.nS,  tba  prarloae 
weak. 

Tb«  lollowlac  Ubie  sbowa  tba  ckAOffsa  Cm*  tba  ptartoaa  weak 
•ad  a  aoaiparisaa  with  1874  aad  191$ : 

un.  lari. 

JalT  It.     Jaly  It. 

r.Ml.4n«a«,(7«.ii* 
t:jift.4M    M.r 


alovla  prorl*'nn  >n  ^nj  State  landing  law  jel  paas^d  which  has 
workrd   >o  <i  adranlaKoof   boodlinldcm  as  ihat  in  the 

Virginia  law     -  rmlttA  oonpoos  t<>  bx  riTi>i^  I  lu  pajiiii-Dt 

o(   uxea,  and  lli«   Siata   Onarta   bare  m'wt  v  ausUlned 

tite  Validity  nf  (he  law  aa  •  contract  with    '  :*.     A  tele. 

Ktam  from  New  Orlaiai^  dated  IU»  lllh  in^i,  iiiat<«l  that  the 
City  Coaiirll  bad  dstafalMd  t-i  pay  one  half  of  the  City  coapoita 
la  oaab  aad  atamp  tbe  eoapooa  "  half  paid." 

Ia  nilmad  boad*  the  basinaaa  ha*  bmn  lair.  reu>Tally  atateady 
prioia.  Boua  of  tb<>  Paoifle  iaaara  have  ti«IiIk1  a  fracll'>n  in  con- 
s»qaaoee  of  tbe  lower  image  of  gold.  Th»  fundwi  coupons  and 
rvgalar  eoopooa  ot  the  Ouiala  Sontliem  Kailr>ad.  payable  at  the 
Oaloa  Trast  «'4>mpaoy.  Jaly  1.  wero  passed. 

Oally  elaatac  pnoee  of  a  lew   leading  bonds,  aad  tba  ranga 
aiaaa  Jaa.  1 .  bave  b»«a  aa  follows: 

i« 
HTsaa.,  aawt...     M 

li|irCar..aM    ..    '*'y^ 
•ii,Car..aaw  .     •w 
<•  Ttra.. 'oaaaUd   ••> 
do        Mwrla*.   '»s 

«aa. c  .J.aj... 

«•  Mo.  loss  bond* 


Jal<* 
kaaaaaaaaia.  gn>An.»» 


— wn. , 

Jalr  0       Wginana. 
l«MaM»  I«e.  tl.«M 
M.«7seilas.     &1M.1 
iMMjat  DM.     in.7 

la        


iimtH   M.Mi^iM    mjm.m 


i 


taraiiaadsfs 

CaMo«  Malaa  •••«■.— Tbe  prfoae  of  OoraroBMWtaaoarit  la, 
bare  IsUaa  off,  aa  aUgbt  bare  beea  •sf.eeud.  oa  tbr  conald>rable 
dadiaa  la  gold.  Tb«  aflaet,  however,  baa  not  *mm  to  shut  nfT  tba 
\  tot  booda.  aa  la  oaoally  tba  eaae.  and  the  loqnlry  from 
—  --  has  beea  very  if>r«i.  Secreury  Briatow  has  called 
'  oftbe  Bva-twrniieaof  1W3,  on  which  inlereot 
o.ii  <;->»■  ocw.uer  14,  aaii.  It  ia  rsporiod  by  partiea  wbo  ahuald 
bave  e»rra«  lafonaaltoa.  tbat  tba  fleaialary  will  probat.ly  call  the 
wbolebalaaesof  tbalaaae  of  19»«.  within  tbe  next  fortnight. 
Tbia  balaaea,  we  baltova.la  $t4,000j000odd.and  tbe  floal  payment 
In  goll  of  this  iaaaa  of  United  Sutea  saearidea.  lasoed  in  tba 
darkest  day*  of  the  war.  will  mark  aa  Important  point  in  tbe 
•aaaaial  biatory  of  tba  aaaatfy.     Tka  boada  eabtaeed  ia  tbe  emU 


H.T  C.AH  l.tte 

C.Paa.,a"M4>... 

Oa  raa.iiMSi.  . 

da     L'd  )>r-i  > 

do     s  r.Si 

ane  lat  M.  ^ 

n      .,        ■     ■ 
n 


•u 

■MS 

:«B 

14 
WH 
"H 
•MM 

IWV 


aiara  Jan 
Lo*ast._|    Hlthmt. 


>ia  H  *>a>s  'Mn^ 


•'H  J»n. 


1*  Jan.  U 
14  J>n.  7 
4'HApr.  I 
«  Jnua  7 
»  Jtn.  «l 
<et<  Jaaall 

.  *»«r  17 
.1  una  II 

.  JsaaW 
..  ,  Mfh.  « 
•m^  July    f 


III 


HH 


101     >I0      Mar  »  10. 1,  May    I 

II:H  •1"7(i  Kfh.     I  m     M-r.    • 
III     lioiii.lan.    7  114     June  an 


'101 


■  an 

Ju.    5  ii;m  June  t 
June  15  n%  May  lu 


•IMttstaaSftsabM.  aa«a4««a*wadaa(tka  Beard. 
Ballroa^  aaA  miaeollaaeoaa  atociia.— Hm  stock  market 
baa  baan  IrreKular  in  tone,  and  while  aeveral  nl  the  principal 
apeealative  alocka  ahow  a  decline  of  more  or  less  Importance. 
eomparad  with  Isst  week,  other  stockx  are  firinly  held,  and  in 
sntae  eases  bave  advanced.  The  flrroeat  ntocks.  ss  a  class,  seem 
tn  be  the  prominent  NVeatam  spee.altie«.  Northwest,  St.  Paul  and 
Knck  Island,  whicli  have  been  stimulated  recently  by  tlm 
advance  in  wheat  anil  line  crop  prospects,  together  with  repirta 
of  Increanel  earnlni;*.  Tbeae companies  have  not  rerently  i^iven 
out  their  statem>-iu*  of  eamini^.  l>nt  to-day  it  was  reprirted  tliai 
the  Hi.  I'ail  road  ia  rarryinfr  a)>niii  twice  as  inueli  grain  n»  Inst  yiar 
at  this  time :  that  the  Hock  Island  earniogs  for  June  ahnw  an 
Increaae  of  fSTl .0(10. and  the  flrat  week  In  July  a  sain  of  $13,000  ; 
aad  that  the  Nortliwestern  CV>mpany  la  doing  a  l>etier  business 
than  last  year,  and  the  annual  report  will  show  irross  ••arningn  for 
tka  year  ending  May  31  nt  about  |13.7.'i0.f)00.  The  weak>-»t 
stocks  have  been  Erie.  Pacific  Mail.  Uaion  Paciflc,  Western  Union 
Talegraph  and  Atlantic  A   Paciflc  Telegraph.  ^Cleveland  Columbus 


58 


THE  CHUONICLE. 


[July  17. 1876. 


Cincinnati  &  Indlanapolli  haa  reaolved  to  paaa  the  Aajfast  divi- 
dend of  Si  per  cant.,  on  account  of  decreased  earnings.  Wabash 
closes  at  4J  bid.  At  the  close,  to-dny,  the  general  tone  was 
stronger,  in  sympathy  with  the  firmness  in  Western  stocks,  above 
noticed. 

For  the  parpoM  of  showing  the  total   transactions  of  the  week 
In  the  leadinif  stocks,  we  have  oomplled  the  table  following  ; 
Padflc      Lake    Weat'n  Chic.  *  Union    Ohio  A 

Mall.      Shore.  Union.  N'wosl.  Erie. 
M,B0O      l.WO     S.800 

81,100  

«7,M0 
23,400 
11,600 


July  10 lt.100 

••     I» 9.800 

"     IS T.700 

"      14 11,500 

*•      1» 81,900 

"      18 «9,II00 


98,900 
93,900 

n.ino 

91,900 

Reoo 

!l,MO 


1.10) 

BOO 

l.SOO 

e,4io 

1,800 


7,100 
8,  wo 
11.000 
3,700 
6,010 


'aclflc. 

MiM. 

W»b. 

1,900 

1,800 

8J0 

1,W0 

900 

,  , 

8,900 

900 

1,500 

6,300 

100 

900 

1,800 

9,400 

1,000 

8,900 

900 

800 

Total 109.400    195.800    164,400    18,400    82.900    17,600       5,900     8  800 

VThola  stock.  ..900.000  494,665  837,856  149,980  780,C00  387,450  200,000  190,000 
The  last  line  in  the  preceding  table  shows  the  total  number  of 
■hares  of  each  of  the  stocks,  now  outstanding,  so  that  it  may  be 
seen  at  a  glance  what  proportion  of  the  whole  stock  has  been 
tamed  over  In  the  week. 
The  daily  hiKbest  and  lowest  prices  have  been  as  follows : 

Smtarday,    Mondar.    Tueidar,  Wedneaday,  Thursday,    Friday, 
July  10.      July  la       Juijr  ;3.      •■■-•■  .......         . » 


July  U.         July  !S.  July  l8. 

„    ,,.     „          ■....  10l«  *103X  103«  I08X  104 

Harlsm 'ISl     l.SIi<    isij<  131H  VSix  13!     'IV-H    ....    IM     133)4  ISSX 1S3X 

Brie :5)<   I9H     1<K    HH     HH   11        na<   U%     13X   14  13^   un 

Lake  Shore....    is%  9»^     5*ii  58V     9^X  :•>>     ^H  >»H     i^H  MK  99      99x 

Wabash SH     Sji      'Stt      9K        S        9X       6        S           9        9  4}<     5 

Horthwett »)i  M        mn  SiU     >9      i^H    3'X  S'X     S:i^  89V  39^  40X 

do        pret.    BU       SO         49       49         60       90        90       90)4      90).    901^  90%    91 

Rock  Island...  lot     104       101     1(<9       10414  1(4^    104>4  104«    low  lOlK  104K  104X 

St.  Paul 84)4    aiH     34),    84^      84)4   84)4      UK    84)4      34K    a^;(  SIX   3^H 

do        prel....    97)4    67X      S;S    97X      9;X   5714    •....    5TK      67X   9iX  58       59 

At.4k  rac.,pr«t !9)4   15X 

gbloAMlaa...    Zi\    33)4      SM   28X      nji   93)4     93       38         21       i3)4  23)4   '^K 

enUalo;.V.J.*ltl     118       lllS  lllX  •IIIH  112     Mil      119       '....111  1:0)4  110)4 

&eI.,L.*WeBtmvi.:iv   UtH  U'-K   laixl^iX    i^l    l-'lX   190)4  120)4  iisk:i9x 

an.*  81.  Joe.    an    !3V      2<)4   24)4     23^   23)4      23)4    24         2:t)4    23^  24       24)4 

Union  Paciac.    74)4  75X     74)4  16       73)4  74>4     TiK  73<4     79^   lift  T2)4   ;3K 

aol.Ohlc.ftl.C.      8X     8«      •3)4    ....      -3       ....      8)4      8>4        3)4     3)4  8)4     8J4 

Panama ■!»      ...    '128      ....'128       

West.  Un.  Tel.    80y  Bi)4     80)4  81<<     80      80X     79X  80^     7»X  80  79)4  79y 

At.  APac.  Tel.    22X   23         22)^   22$    •...,    93         18       22)4      18y    21  19)4    19)4 

QuIckallTer...;    IS      15      •H)4  17        14      15      '11    -  15        -IS      n 

do       pre*.    aiX  21V   'SIX   ....     21)4  22        21      21  80      2) 

Pacific  Hall....    39H   40)4      40      40V      89)4    40^      39V   4UH      38H    40  38       38V 

AdamsKxp....  inu     lOU      '99)4  100      100    100      >99V  UO      >..  .  100  100    100 

American  Kx..    98       5S         57H    ST)4     9:V   5'X     i'-H    S^         57       SJ  97       97 

United  States..    42V    42V      42W   U\     49      49         43      48     "48)4    45  4<       48 

Welle, Fargo..    78X  TsiJ    •■»      ..f;   '18      ....     79      79        88      »1  '31       .... 

ThlslsthsDrloebldaadaskS'l:  no  tats  was  made  at  the  Board. 

The  estire  range  from  Jan.  1, 1874,  to  this  date,  was  as  follows: 
r-^an.  1, 1875,to  d»te^ — ,|r-^-Whol«  year_1874. 


m  -  „  ..,■:.„  Lowest.  I  Highest 
N.  T.Cen.  *Hnd.  R.,.ioo  May  S8:i07X  May 
Harlem ...IKj^Jan.  12  188     Apr.  97 


Brie l9XJaiie2I 

LakeShore , 67    Jane   1 

Wabaeh 4J4Jnne29 

Northwest 3SJ4  June  12 

do        pref 47)J  June  la 

Rock  Island lOO^May  28 

81.  Paul 98HJnnel2 

do      pref ..    61     Mch.    1 

Atlantic  A  Pacific  pref.  12X  Feb.  26 
Ohio  A  Mississippi....  21  May  21 
Central  of  New  Jersey  .105)4  J'n. 


&'})4  Mch 
80)4  Jan. 
21 J4  Jan. 
48X  Jan. 
62)^  Jan. 

106J4  Mch.  27 
40X  Apr.  9 
59Ji  Apr.  10 
18  Apr.  80 
32;^  Jan.    2 

120     Apr.  27 


Del.,  Lack.  iWe»tern.l06)f  Jan.    2,123     Aur.  27 
Hannibal  &  St.  Jo 18<I4  Jan.  22   30JiMch.  29 


Union  Pacific 86  "Jan.  18 

Ool.,  Chic,  4  I.  C 3     June  IS 

Panama lloxJan.  21 

Western  Union  Tel....  70J4  I'eb.  17 
Atlantic  &  Paclllc  Tel..  !8     July  14 

QalcksUver    13     May  14 

do        pref 20     July  18 

PacIflcUall 30;<  Feb.  10 

AdamsExpress 98     Jan.    2 

American  Express 50     June  26 

United  States  Express.  42     June   5 


Lowest.     I     Highest. 

96Jt  May  19  105S  Mch.  11 

118X  Jan.    7ll34)jFeb.  18 

"~     Dec.  10    51)<  Jan.  15 


61Ji  June  19 
ISJiDec.  29 
34X  July  16 
51  Sept.  10 
92X  June  19 
SIX  May  18 


84  K  Jan.  16 
65XJan.  16 
62.V  Jan.  9 
78>4Feb.  9 
109X  Feb.  9 
49xJan.  10 


4S  May  6'  74;4  Feb.  9 
10)f  Sept.  8'  29  Feb.  16 
2!Ji  June  17!  36     Jan.  10 

98  Jan.    8il09XFeb.  10 

99  Jan.  2:ri2jiFeb.  10 
22)f  Sept.  7|  34)4  Jan.  12 

28  Junenl  385i  Mch.  80 
Sept.  3j  32)4  Mch.  80 
Apr.  20)118  Jan.  9 
Apr.  24|  83)4  Dec.  10 
Aug.  25    20     Nov     7 

22X  Apr.  28   36)4  Nov.  24 

29  June  29  48  Nov.  27 
33)i  Deo.  21  •  51)^  Sept.  30 
92)^  Jan.  18,120  Nov.  18 
98>j  Jan.  2  65X  Dec.  1 
60  Sept.  28l  73  Feb.  9 
69)^  Jan.     S|  84     Nov.  30 


101 
68 
14 


76)4llane    I 

9KJan.  14 

172     Apr.  26 

SIX  July    8 

29XJan.  IS 

35     Jan.    6 

44     Jan.    7 

45J4  Apr.  3 
101)^  Mch.  23 

65     Jan.  19 

65  Jan.  11 
Wells,  Fargo  &  Co 75     June   7|  92)^  Apr.  30 

Tbe  Gold  MarkeJ.— Gold  has  further  declined,  and  touched 
114f  to-day,  closing  at  114:f.  The  considerable  break  in  gold 
which  has  taken  place  in  the  past  ten  days,  does  not  seem  to  be 
fully  warranted  by  any  corresponding  change  in  the  actual  situa- 
tion of  affairs,  and  well  informed  parties  attribute  the  decline  in 
large  part  to  the  breaking  up  of  a  speculative  clique  which  was 
bulling  the  price,  and  is  now  reported  to  have  had  about  $10,000,- 
000  under  their  control.  So  far  as  the  immediate  influence  upou 
the  market  is  concerned,  too  much  importance  has  been  placed 
upon  the  purchases  of  silver  by  the  Secretary  of  the  Treasury,  as 
there  is  no  prospect  of  any  speedy  action  on  his  part  which  will 
affect  the  gold  premium.  The  specie  shipment  thus  far,  this 
week,  has  been  about  $1,100,000,  of  which  $600,000  were  gold, 
and  the  engagements  for  to-morrow  are  reported  at  $500,000.  Ou 
gold  loans  the  rates  to-day  were  2,  3,  and  1  per  aanuin,  and  1-16 
per  diem  for  borrowing,  and  loans  were  also  made  flat.  At  the 
Treasury  sale  of  $1,000,000  gold,  on  Thursday,  the  total  bids 
amounted  to  $1,345,000.  Customs  receipts  {or  the  week  were 
$2,114,000. 

A  telegram  from  Washington  states  that  the  coining  for  the 
fiscal  year  at  three  coinage  mints,  Philadelphia,  San  Francisco 
and  Carson,  will  approximate  as  follows:  Gold,  $34,000,000 ; 
trade  dollars,  $6.000,000 ;  subsidiary  silver  coin,  $5,000,000 ; 
minor  coinage,  $250,000. 

The  following  table  will  show  tbe  course  of  gold  and 
operations  of  the  Gold  Exchange  Bank  each  day  of  the  past 
week : 

•Qootatloni.— > 

Open-  Low-  High-  Cloe- 
init.  est.  est.  Ins. 
aaturdaj,  July  10.. ..116)4  I16J4  116X  119X 
Monday,  '•  l».... 115)4  115S  I16J<  115X 
Tuesday,  "  IS...  .ll.'iX  USX  115X  115X 
Wednesday,"  14  ...116X  114X  116X  114X 
Thursday,  "  15....114X  114X  "S  115 
Friday,  "    16. ...119     114J4  115     114)4 


Total  >— — BalapcsB.i  > 
Olearincs,  Gold.  Currency 
$40,328,000  $2,032,598  $2,4g6,S64 
34,845,000  1,27.%892  1,491,000 
IM.739,000  781,998  910,257 
58,688.000  1. 172,289  2,278,607 
38.110,000  2,099,598  2,)45,.')82 
40,750,000    2,166,095    2,497,705 


Onrrentweek IIRX  114)i'  116X  I14X  $386,803,000     $ $ 

Prsvlous  week 117)<  USX  llTl^  116)4     214.486,000    2,451,405    2,863,948, 

Jan,  1, 1876,  todate,.. 112)4  UIX  IITX  114)4        ' 


The  following  are  the  quotations  in  gold  for  fcieignand  Ameri 
aaa  coin : 


SovereUrns (4  B«  9  84  90 

Kapoleons 8  33  <»    3  92 

X.t  K.li-hmarks 4  79  (»   4  80 

German  X  thalers 7  80  a    .... 

Prussian  X  thalers 7  SO  @ 

Qtirman  Kronen 6  5U  ® 

XKUllders 8  90  « 

Pine  silver  bars 121  ft 


6  70 
4  20 
1  22 


Pine  Rold  bars )4  dls.a)4prm 

Olmes  and  hall  dimes,.    -  9U   ®  —  93 

Five  Irancs -92   &  —  It 

Franca --  IBXa  —  19 

Kngllsb  silver 4  80   <»    4  89 

Prussian  thalers —  70   (9  —  72 

Trade  OoUari —  91)46  -  96 


Foretsn  Excbanse. — The  Exchange  market  has  been  steady 
on  a  moderate  business.  The  principal  feature  worthy  of  com- 
ment was  tbe  improved  supply  of  commercial  bills  arising  from 
the  shipments  of  wheat,  and  it  is  gratifying  to  be  able  to  notice 
any  supply  of  Exchange  coming  on  the  market  from  bo  sa'isfac- 
lory  a  source.  The  specie  phipments  of  the  week  will  probably 
include  upwards  of  $1,000,000  in  coin. 

Quotations  are  as  follows  : 

, July  16. . 

60  days.  3  days. 

Prime  bankers' sterling  blue 4.S«%'^4.87X  ^.W    ©4.90!^ 

London  good  bankers'  do 4.86xa4.Wi)i  4.69X^4.90 

Londonprimecom.  ster  do 4.8.i)4a4.86X  4.89    @4.89X 

Paris(franc8) S.lTxaS.lOX  5.14=4a5.13)4 

Antwerp  (francs) 5.17)4®9  16X  6.14?i^5.18),- 

Swlss  (francs) B.17'^®5.16Vf  5.H)4f4S.18X 

Amsterdam  (guilders) 40X@    40J4  41)40    41:jf 

Hamburg  (reichmrks) 94X®    '5  95);a    95J4 

Frankfort  (reichmarks) 84)14®    »5  95)4t>    9SJ4 

Bremen,  (relchmarks) 94X®    96  95)4®    9674 

Prussian  (reichmarks) B4X®    88  95),;®    95^ 

Tbe  transactions  for  the  week  at  the  Custom  House  and  Snb 
Treasury  have  been  as  follows: 

Custom    , Snb-Treasury. , 

House     ,— Receipts. ,  , Pajrments. -% 

Receipts.  Gold.  Currency.  Gold.  Currency. 

Jnly  10 »172.000       $337,862  78      $687.239  56     $518,408  41     $9?5..348  14 

••     12 421,000  463,19119        675,475  63        475,817  43        739.085  75 

"     18 409,000  49a,H31  55        808,6.54  93        493,58:197     1,H1,592  21 

•'     14 354,000         600.974  18     8,900,0.18  87     1,579,940  25     3,883.8.12  21 

••     IB 498,000  515  457  13        4.34,06126        848,574  73     1,082,042  58 

"     16 201,000        2:J8,628  22     1,406,905  25     1,269.067  :i7       468,170  11 


Total $2,114,000       2,623,915  01     7,813.038  40  4,715,398  18     8,280.01100 

Balance,  July  9 36,227,210  88  54,248,220  .50 

Balance.  July  16 34,135.758  01  53,781,217  89 

KswlTork  City  Banks. — The  following  statement  shows 
the  condition  of  the  Associated  Banks'  of  New  York  City  for  the 
week  ending  at  the  commencement  of  business  on  July  10, 1875: 


ATKRAOIE  AMOUNT  OF- 

Loans  and     _  Legal 


_-„  Net  Glrcula- 

BA.NK8.  Capital.   Discounts.  Specie.  Tenders.  Deposits  tlon. 

New  Fork $8,000,000  |1U.76.^6«I  IWWi.lOO  81,417,00  |1I,C05,600  fS.OOO 

Manhattan  Co 2.050.00t  5.7S8.40O  510,41X)  2,-«'.l,4W  7.»1,1U0  9,500 

Merchants' 3,000,000  9,'.ll,t00  1,0.-,8,3(IU  2,780.300  9,491,-00  536.6U0 

Mechanics" 2,000,000  7,061,90)  33:,.-,00  7o4,300  4,891,400  411,200 

Union  1,500,000  4.(63,000  iMl.tOO  9 '2.9U0  8,577,000          

America..... 8,000,000  l',7J0,T)U  925,700  8.S0;,700  8,378,100  1,21X1 

Phcenlx      1,800,000  3.598,900  332,.iOO  916,4(10  .3,091,8(0  875,700 

Cltv           1,000,000  5,S10,200  692,200  2,4n8.U00  5,7J3,100          

Tradesmen's 1,000.000  8,6ti0,100  52.100  r61.2IK)  2,250.800  741.800 

Pulton           600,000  l,71.i,«00  160,900  518,300  1,377,200            

Chemical      300000  8.74!',300  416,100  1,631,MI0  7,.iOI,700          

Merchant's'Exch'ge.  1,000.000  S,6:il,l>00  48,700  1,;)9.700  8.539.8'.iO  426,300 

QallatlQ.Natlonar..  1,500,000  3.rt7  800  425.cOO  615.500  2,36!,4O0  4«I.3C'0 

Butchers'&Drovers'  800,000  2,<23,000  S8,000  57WH10  1,6  9.000  ISl.iOO 

Mechaulcs&Traders  (100,000  l.S7i,9O0  25,i00  »;2,400  1,289,200  183,900 

Greenwich  '  200,000  985.600          126.600  1,(02.(00  2,700 

Leather  Manuf 600  000  3,2J7,3t'0  8«,-200  809,100  2,7il,900  216,100 

Seventh  Ward 300  000  1,(^7,100  2.'i,500  391,400  1,036,41)0  lS.i.400 

Stateof  N.York..  .  2,000000  5,0«S.«<)0  4P4,700  1.818,900  4,466,300  3,57,80.0 

American  Bxch'KC.  5,000  000  12.S67.100  618,000  3.;«4,rOO  1(.,240,000  li«2,'  00 

Commerce 10000000  18,643,100  423,500  4,S72,8O0  8,499.h00  1.678,100 

Broadwav 1000,000  5,493,700  27,900  l,Ci2.i»0  3,907,500  88(^000 

Mercantile  ........  1000  000  4,224,3«l  170,700  879,800  3,973,200  270,000 

Pacific 422.700  1.716,700  R.IOO  9B8.8('0  2,n3,2(!0  .     ... 

ReDUbllC 2,000,000  5,356,400  803,900  71.',(100  3,76:, 100  8S1.70C 

Chatham    450.000  5,162,600  215.900  839,200  3,422,5(0  267,800 

PeoDle's 412  500  1,163,100  2,200  168.909  1.234,600  5,510 

North  America 1.000,000  2,716,900  56,400  333,000  2,2S2,i00          

Hanover              ....  1.000,000  S.55S,4O0  S7.600  664.1HI0  2  937,900  283,600 

Irvine 500  000  2,t21,ll(J0  9.200  «6!).000  2,.HS0.0OO  141,500 

Metropolitan 4,000  000  11.628.000  935.000  1,6-3,000  8,112.000  286.000 

Citizens                      .  600,000  1.702.900  35,600  436,S00  1,8.14.000  131.0CO 

Sellm  .  1,000,000  2.331,300  32,100  237,400  2.152.300  3,900 

jlSlet ..  1,000,0(0  •i.m.lOO  67,300  457,700  1,917.200  •iU.m 

St   Nicholas  1000,000  2.-WS,400  76,9(0  278,300  1.137,200  6''7.500 

ihoeand  Leather.  1000  COO  3,996,100  84,900  1,483.000  S,«26,600  795.0O0 

CornKlchamte.  1.000,000  2.876,400  81.100  864,0(0  1,445.500  4.1>00 

cSntlnMtal  15D00C0  4,358,200  35,700  60!,(K)0  3,341.600  507.900 

Orien?al        300,000  1503,800  5.600  210,700  1229.600  4,000 

Marine   400  000  2  163,900  119,400  402000  2,307,900  228,100 

imnorteri''&Trild'rs  1,500000  16,246,500  426.300  4,2!4,9O0  l-,-51,500  480,600 

importen)«ir»ur.  .J^.^  i4,32i.O00  480,300  5.9'.5,100  18,673,600  .       . 

Mech.'Bank'gAssi.  SOO.'OOO  9H.M  19.'{»  376.200  840.000  803,400 

ftrocers*                     .  300  000  70i,100  10,8(XI  168.400  660,000          

NorthRlvef 400000  1  Oo^.OOO  11,600  207,400  909.700          

BMtBlve?  350;000  1.043.S00  5,500  197.200  687.K00  189,400 

M^intact'rs'*Mer  800000  719.000  .    1.700  152,300  662,500            

FoirthNatlonal  S,000:OOC  19,448,200  1.250.700  4.0.3.500  I6,728,'2O0  2,114,100 

cSal  NatlTnai::  3  000  000  7tt;4.000  "89,000  1,780.000  6.239,000  .  1,343,(;00 

<%p,.ond  National  300  000  1937,000          4,9,000  1,8.9,000  1.35.((0 

Ninth  Natlona?':;:  1,5™;"°"  9185,400  164.300  2,119,(00  6,806,-2O0  45I.4W 

"irst  National,   ,,,  900,000  5  i;i.500  614,500  1,401.100  6.576.600  4W'IM 

Third  National    ..  1,000  000  4  231,6fO  737,2(0  3  618.400  7,243,.W  49.400 

N  T.Natlonal  Exch.  500  OCO  1,433.100  13.700  214.100  9,33,600  26;.?™ 

Tiih  National...:  1,000  000  2:a<.J00  5%700  611,900  1,568,900  8S7.;1>0 

Bowery  National...  250,000  1,254.000  2,800  251.700  976.000  2J1..O0 

New  York  Co.  Nat.  200.000  l.;36,000  ....  313,000  1,056.100  180,000 

German  American.  1,000,000  3.509,700  299,5(10  715,100  8,8.8.500         

DryGoOds 1,000.000  2,237,000  16.400  249,400  1,705,900 ...... 

Total 831.435  JOO  $230,866,800  i\t.Kr.,m  t70,66l;200  1250,403,200  118,854 ,600 

•  No  report :  saii  e  as  last  week. 

The  deviations  from  the  returns  of  the  previous  week  are  as 

follows : 

Loans Inc.  »1.469,6'10 1  Set  Deposits Inc.  t4.5OS,9«0 

Specie li'C.    8,112.790   Circulation Uec.      127,.00 

Leiral  Tenders. Dec.    9,170,990 

Tbeiollowine  are  the  totals  for  a  series  of  weeks  past : 

Legal                                Olrcu-  Aggregate 

Loans,          Bnede.      lenders.  Deposits.       latlon.  tIearlnjrB. 

April  17..    277,951,500       H.bfS.JOO       50.3911,000  218,40j.900  21.33!,8(«  fi'f'J-?,^" 

A'rll  21..    275«6,000       12.1145.900       53.970.S00  217.926.800  21.116.200  J48.(l«5,»l 

May  1,...    973.258,900         9.511.800       57,132,200  221.062.100  20,784,300  5(10.W.5»0 

May  8....    2-3.l2O.8O0       10.100.000       58.017.500  237,873.8(0  20,132.400  513.6.1.09J 

May  15...    285.216,900       10.864.500       59.356  300  931.921.300  2l..363.8nf!  4;7,921.S»4 

.May  22...    283,600,800        10,634,600       61,022,000  '2.12,129,700  20.163.100  J  4.;5;-™ 

May  29...    25l.:l96.5D0       11.4Si.6O0       6,3..371.900  2.32,.90.9IW  19,921.100  430.41,550 

June  9...    231,401, '00       Ul,65o.200       61.632.300  233.424.100  19.790,830  482.022.U7 

June  12..    an.337.800        I0..,03.:00       66.822,51)0  233.i63.7ll0  IJ.'lM.eOO  S6..1i2.91^ 

June  19..    275.217,500       11,6.53,300       63.1100.200  231.068.100  19.112,000  433.739,193 

June  28..    376,-07.800         8.847.000       71,491,500  235.768,000  19.(0.6.500  424.699.409 

July  8...    279,897200       I8,8'24,6U0       73.53<,I00  245.39S.700  13.9S2.MO  4^.902-o30 

July  10..    180,866.300       16,937,300       70.661,200  350.405,200  :8,864,80O  878,115,831 


J      ly  17,1876] 


THE   CHROXICLE. 


69 


■••t*B  Baaka. — B«low  we   gira  k  aMtemeat  of  the  BoaloO 

XatlooAl  BanlLa,uretanMd  to  the  Claaring  Houta  on  Monday, 

July  !2.  1875: 

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60 


THE  CHRONICLE. 


[July  17, 1675. 


GENERAL  QUOTATIONS  OF  STOCKS  AND  BONDS  IN  NEW  YORK. 
U.  a.  Bond*  ana  aetivt  Railroad  Btoeki  are  qudttd  on  a  premoui  page.    Prices  represent  the  per  cent  value,  whatever  the  par  may  be. 


■lOtTBITIBB. 


Hiate  Bond* 

\lmbiuns  ta,  188S 

do      5*,  18M 

do      8i,16W 

do      8«,  1888  ......  ••  .„•  ■  V,- 

do      8«,Monl.4Euf1aR. 

do      8«.Al».*Cli»i.l'.-.. 

do       8» of  18«.. 

4rkuiuw  to.  funded ■„-■:■-- 

do       7..  1..  U.  *  r<.  s.  '•;• 

do        7«.  Meniplil*  *  L .  K. 

do  ''•.I- R-P»g'S,-," 
do  7».M1»».0.  *Il.K». 
do       7ci.  Ark.  Cent.  B.  ... 

Uallfornlsis ^■■•. 

do        7t,  l»rgo  bond* 

Conneetlcuiu 

U«oivl*  «• : 

do       78,  new  bona* 

do       7»,  endoried 

do       7«,gold  bond! 

IndUnaSa ■■;, 

nilnoU  «»,  coupon,  1877 

do  do       187» 

do       Wurloan 

Kentucky  6b 
Loutolonft  (*. 


do 
do 
do 
do 
do 
do 
do 


do 
do 
do 
do 


Bid. 


BwnniiTtKB. 


do  new  bond«. 
do  new  floating  debt 

711,  Penitentiary 

6a,  levee  bonds 

Ba,       do  ..  ■■  • . 

8a,        do         18".. 

sa! of  WIO.. 

MIChfRanea.  1878-W 

do       6».188S 

do       7«,1890 

MUaonrl  6«,  due  In  187S 

do      do  1»J« 

dc  187? 

dc  1»!8 

do  1879 

...       do  1880 

Funding  bonds  due  In  18M-5, 
Long  bds.  due  'SI  to  '91  Incl.. 
Aaylnm  or  Unlvers..  due  1893. 
Han.  A  St.  Joseph,  due  1875. 
do       do  do  1876. 

do      do  do  18S6. 

do       do  do  1887. 

New  Tork  Bounty  L,oan,  reg 


M 

89 

*»%. 

»4 

97 
100 
lOO 
100 
100 
lUO 

83 

88 

St 


coup. 
68,  Canal  Loan,  1375, 
6a,         do  1877, 

6e.        do  1878, 

«8,gold  reg....lg7, 
68,  do  .  conp..l887. 
68,  do  loan  ..18S3, 
«8,  do  do  ..1891. 
58.  do  do  ,.1875, 
S8,   do       do   ..1876 


Xortb  Carolina  6s,  old,  J.&J. 


do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 
Ohio  68, 

do    6s,1881 

do    68.1886 

Rhode  Island  68., 
South  Carolina 6s.. 


loex 

I06>i 


1I8M 
119X 


Cumberland  Coal  *  Iron 

Maryland  Coal 

Pennsyl vtinla  Coal 

Spring  Mountain  Coal 

HHilroHd  Bond*. 

(SKkK  Kxchange  Ihira.) 

Albany  &  Snaq.,  Ist  bonds...  . 

do  do      2d     do    

do  do      Sd     do    

Boston,  Hartf .  A  Erie,  1st  mort 
do  do  guar.... 

Bnr.,  C.  Kaplds  &  Minn.  1st  7s,  g 
Chesapeake  &  Ohio  6s,  Ist  m.. . 
do  do         ex  coup 

Chicago  &  Alton  sinking  fund. 

do  do     Istmort 

do  do     Income 

Jollet  ft  Chicago,  Ist  mort. . . . 
Louisiana  &  Mo.,  lat  m.,  guar 
St.  Louln.  Jack.  &  Chic,  Ist  m 
Chic,  Hur.  A  (J.  8  p.  c.  Isl  m.. 
do  do    consol.  ni.  It 

Chicago,  lik.  Island  b  Paclttc 
Central  of  N .  J.,  1st  m.,  new . . 
<10  do      Ist  consol... 

do  do      2d  mort 

do  do     con. conv — 

Am.  Dock  &  Improve,  bonds. 
Mil.  &  St.  Paul  1st  ni.  8s,  P.  D 


Bid. 


108 

105X 

100 


80H 
38H 
33 


04X 
108 
112X 


do 
do 
do 
do 
do 
do 
do 
do 
do 


do  7  310  do 
78,  gold,  K.  D 
let  m..  La  CD. 
Istm.I.&M.D, 
Istm.  I.  &  D.. 
Istm.  H.&D 
Istm.  CAM. 
Ist  Consol.  . . . 
2d  m.      do    . 


lOOX 
lOOk 


A.  ft  O. 

N.C.RK....J.&.I. 

do  ....A.  &0. 

do  coup  off. J.  ft  J.. 

do    do  ofl.A.&<>.. 

Funding  act,  1866... 

do        1868... 

New  bonds, . I.  A  J.. 

do  A.&O.. 

Special  lax.  Class  1 . 

do       Class  2. 

do       Class  3. 

1875. 


do 
do 
do 
do 
do 
do 
do 


Jan.  ft  July 

April  ft  Oct 

Funding  act,  1866... 
LandC,  1889,J.&  J. 
LandC,1889,  A.&O. 

7s 0fl888. 

nonf  nndable  bonds, 

Tennessee  68,  old 

do       do  ei  coupon 

do       do       do  new  series 

Texas,  IDs,  of  1876 

Virginia 68,  old ... 

do      do  new  bonds,  1866., 
do       do  1867. 

do  consol.  bonds 

do    ex  matu  d  coup 
do    consol.  'lA  series., 
do  deferred  bonds.. 

District  of  Columbia  S.e.'is 

Kallroad  ^tockx. 
(AcUre  previouHly  quoted.) 

Albany  A  Snsquebanna 

Central  Paclflc 

Chicago  ft  Alton 

do  do    pref. 


do 
do 
do 
do 

do 


Chic.  *  N.  Western  sink,  fund, 
do  do  Int.  bonds, 

do  do  consol.bds 

do  do  ext'n  bds. 

do  do  Istmort.  . 

do  do  cp.gld.bds 

do         do  reg.   do 

Iowa  .Midland.  Ist  mort.  8s.. . . . 

Galena  ft  Chicago  Extended.. . 

Peninsula,  1st  mort.,  conv 

Chic.  &  Milwaukee,  1st  mort.. 

Winona  &  St.  Peters,  1st  mort. 
do  do  2d  mort.. 

C.,C.,C.&  lnd'8.1stm.7s,8.  F. 

Del.,  Lack,  ft  Western,  2d  in.  . 
do  do     78,  conv, 

Morris  ft  Essex,  Ist  mort 

do  do      2d  mort 


99^- 
U2 
90H 
82 


82 
l04X 

99 

97 

90 
lOSX 

82 

eu 

107" 
9W< 
97 


r.n 


109 


»1K 


105 
106X 
112ik 
106 

li6« 
99X 


■KonnrriM. 


Chic,  Bnr.  ft  Qufncy 

Cleve.,  Col.,  Cm.  &  indlanap. 
Cleveland  ft  Pittsburg,  guar.. 

Dbuque  ft  Sioux  City 

Brie  pref 

Hannibal  ft  St.  Joseph,  pref... 

Illinois  Central 

Indlanap.  Ctn.  ft  Lafayette..., 

Jollet  ft  Chicago 

Long  Island 

Marietta  ft  CIn.,  1st  pref 

do  2d  pref 

Michigan  Central 

Morris  ^  Essex 

Missouri,  Kansas  ft  Texas. 

New  Jersey  Southern 

N  Y.,  New  Haven  ft  Hartford 

Ohio  ft  .Mississippi,  pref 

PaclAc  of  Mlssonrt 

Pitta.,  Ft,  w.  ft  Chic,  guar. . . 
do  do    special.. 

Kenaaelaer  ft  Saratoga 

Rome,  Watertown  &  Ogdens 
St.  Louis,  Allan  ft  T.  Haute. 

do  do  do       pref 

Belleville  ft  So.  Illinois,  pref 
8t.  Louis,  Iron  Mount,  ft  South. 
Toledo,  Peoria  ft  Warsaw  .  . . 
Toledo,  Wab.  ft  Wt-stcrii,  pref, 
niBcellaneoUKMoi'ki. 
American  DlstrlcL  Telegraph.. 

Boston  Water  Power 

Oftnton  Co.,  Baltimore , 

Cent.  N.J.  Land  Improv.  Co 
D  lawaK ft  UudsOQ Canal... 

AmnnrJUl  l;oai 

consolidation  coal  of  Md... 
Marlpoaa  L.ftM  .Co.,  aaa't  paid 
do      do  pref     ** 


6 

50JS 

49X 

si' 


lOOX 
92H 

m%. 

l03)» 
112X 


«1X 


103  >< 
IU8 
llliK 
49 


64X 
102 


97X 


14H 


«7 

i02X 


U8X 


112K 
109 


do  do     bonds,  1900-  . 

do  do      construction . 

do  do      7sofl871 

do  do     Ist  con.  gold.. 

Erie,  1st  mort.,  extended 

do       do  endorsed 

do     2d  mort.,  78, 1879 

do     3d    do      78,1883 

do     4I,h  do      78,1880 

do     5th  do      78,1888..   

do     7b.  cons.  mort.  gold  bds. 

Long  Dock  bonds 

Buff;,  N.  Y.  ft  Erie,  1st  m..l8T7. 
do       do  do     large  bds  . 

Han.  ft  St.  Jo.  land  grants 

do  do     Ss,  conv.  mort... 

Illinois  Central,  7  p.  c,  1875. . . . 
Dubuque  ft  Sioux  City.  Ist  m. . 
do  do  2d  div. 

Cedar  Falls  ft  Minn.,  1st  mort. 
Indlanap.,  Bl.  ft  W.,  1st  mort.. 
do  do        2d  mort... 

Mich.  So.  7  p.  c  2d  mort. 

Mich.  S.  ft  N.  Ind.,  S.  F.,  7  p.  c 
Cleve.  ft  Tol.  sinking  fund... 

do  do    new  bonds 

Cleve.,  P'vlUe  ft  Ash.,  old  bds. 

do  do      new  bds 

Detroit,  Monroe  ft  Tol.  bonds, 

Buffalo  &  Erie,  new  bonds 

Buffalo  ft  State  Line  7s 

Kalamazoo  &  W.  Pigeon,  Ist 

Lake  Shore  Dlv.  bonds 

do  Cons,  coup.,  Ist... 

do  Cons,  reg.,  1st 

do  Cons,  coup.,  2d — 

do  Cons,  reg.,  2d..  .. 

Marietta  ft  Cln.,  1st  mort 

Mlch.Cent.,  consol.  78,1902  .. 

do  lstm.88, 1882,6.  f. 

do  equipm't  bonds... 

Now  Jersey  Southern,  Ist  m.  7b 

do  do      consol.  78 

New  York  ft  Sew  Haven  6s.. . 

N.T.  Central  68,1883 

do  6s,  1887 

do    '         68,  real  estate... 
do  6e,  subscription 

do  78,18(6 

do  78,  conv.,  1876... 

do  78,1865-76 

do  ft  Hndson,  Ist  m.,coup. 
do         do     let  m.j  reg. 
Hudson  R.  78, 2d  m.  s.  fd.  1885. 
Harlem,  Ist  mort.  78,  coup. . . . 

do  do  reg 

North  Missouri,  1st  mort 

Ohio  ft  Miss.,  consol.  sink,  fd 
do  do  consolidated.... 
do  do  2d  do  — 
do  do      Ist  Spring,  dlv. 

Central  Paclflc  gold  bonds.. . . 
do   San  Joaquin  br'nch 
do   Cal.  &  Oregon  1st. 
do  Stale  aid  bonds 

Western  Paclflc  bonds 
Union  Paclflc,  Isl  mort.  bonds 
do  Land  grants,  78. 

do  Sinking  fund.. 

\tlantlc  &  Paclflc  land  gr.  m. 
South  Paclflc  HI!,  bds.  cif  Mo. 
Paclflc  It.  of  Mo.,  Ist  mort.  ... 
do         do         1st  Caron't  B. 

do  do         2d  mort 

Paclflc  I?.  78,  guarant'd  by  Mo. 

Pitta.,  Ft.  W.  ft  Chic,  lat  mort. 

do  do      2d  marl, 

do  do     3d  mort 

Cleve.  ft  Pitta,  consol.  s.  fund 

do  do     4th  mort 

Col.,  Cblc.  ft  Ind.  C.  I8t  mort. 
do  df,     2d  mort. . 

Rome,  Watert'n  ft  Og.  con.  1st 
130x  St.  L.  ft  Iron  Motmtoin,  Ist  m. 
60  2dn 

47      Alton  ft  T.  H.,  I8t  mort 

12       do  do    2d  mort.  pref.., 

liy  1  do         do     2d  mort.  iBcome 


103M 


103i 
103 


ICOX 


lOlX 


Belleville  ft  8.  III.  K.  1st  m.  Sa 
Tol.,  PeorlB  ft  Warsaw,  E.D.. 
do  do       W.  D. 

do  do  Bur.  Dlv. 

do  do  2d  mort. 

do  do  conBol.78 

Tol.  ft  WabaBh,  lat  m.  extend, 
do  do        Istm.St.L.dlv 

do  do       2dmort 

do  do       equipm't  bds 

do  do        con.  convert. 

Uonnlbal  ft  Naples,  1st  mort.. 
Great  Western,  1st  mort.,  18S8 
do  2d  mort.,  1893. 

Qolncy  ft  Toledo,  Ist  mort.  1890 
Illlnols  ft  So.  Iowa,  1st  mort... 
Lafayette,  Bl'n  &  Miss.,  1st  m. 
Han.  ft  Central  Missouri.  Istm 
PekIn,Llncoln  ft  Decatur,  1st  in 
Cln.,  Lafayette  ft  Chic,  Ist  m 
Del.*  Hudson  Canal,  Istm., '9 
do  do  to 

do  do  ISTi 

Long  Island  UR.,  1st  mort 

South  Side,  L.  I.,  1st  m.  bonds. 
Western  Union  Tel.,  1st  m.  7s. 
iniiiCellaneoiia  Llkt. 
,       iBrnker»'  QuotaUon».\ 
Elizabeth  City,  due  '95  

ISochcster  City  Water  bds.,  '93 
Atchison  ft  P.  Peak,  68,  gold.. . 
Atlantic  ft  Paclflc  L.O.  Ba,  gid. 
Atchison  &  Nebraska,  8  p.  c... 
Bur.      Mo.  Rlv.,  stock 


78^1 
SO 


82>S 


106  K 


IW 
107X 
103K 
106 


102i 


26 
4X 
lUlX 
108 
105 
iU3>4 
iOl 
104 
102 
103 
101 

lOi" 

lOOJi 


23 

loijc 
m 

iOOV 
iMh 
103M 


ma 

113X 
108  J, 

nil* 

96' 
96X 


91 

lOOH 
99>, 
95>, 


95 

79X 

lOOH 

111 

105 

loiH 

99 

46k 

I'-a 

92 

91 X 

49 

90' 
75 


105 
81>4 
38  J4 

101  k 
10e>4 


96H 


IWk 
115 


102* 


lOSJi 

111 

lllK 
90.S 
»7« 


102 

92 

91 
109 

94 
lUOH 

99* 

95X 


do 
do 
da 
do 
do 
do 
do 
do 


Land  m.  7b.... 

2dS.,do  78.... 

3dS.,do  88.... 

4thS.,  do88... 

5thS.,  do88... 

6th  S.,  do  88. 

Creston  Branch 

Charlton  Branch 

Bur.,C.R.&M.  (M.dlv.).g.7s 

Cairo*  Fulton,  1st 78, gold  .. 

California  Pac.  ER.  78,  gold. . 

do  6s,  2dm.,  6 

Canada  ft  Southern  1st  78,  golc 

Central  Paclflc  7s,  gold,  conv. 

do  Land  grant  68,g 

Central  of  Iowa  1st  m.  78,  golc 

do  do     2d  ra.  78,  gold 

Keokuk  ft  St.  Paul  8s... 

Carthage  ft  Bur.  88 

Dixon,  Peoria  ft  Han.  8s. 
O.  O.  ft  Fox  R.  Valley  8s. 

Quincy  ft  Warsaw  88 

Illlnols  Grand  Trunk 

Chic,  Dub.  ft  Minn.  88... 
Peoria  ft  Hannibal  R.  8s.. 
Chicago  ft  Iowa  R.  8s — 
American  Central  88..... 
Chic,  ft  Southwestern  RR.  7s. . 
Chesapeake  ft  O.  2d  m.  gold  7s 
Col.  ft  Hock.  V.  Isl  7s,  SO  years 
do  do     Isl  78, 10  years 

do  do     2d  7s,  20  years 

Chicago,  C.  ft  Dub.  88 

ChlcTft  Can.  South.  Ist  m.  g.7s 
Ch.  U.  ft  v.,  I.  dlv.,  Ist  m.  g.  7s 
Chic,  Danv.  ft  VIncen's  7b,  gld 

Connecticut  Valley  7s 

Connecticut  Western  Ist  78. . . . 
Chicago  ft  Mich.  Lake  Shore.. 
Dan.,  Urb.,  Bl.  ft  P.  1st  m.  7s,g 
Des  Moines  ft  Ft.  Dodge  1st  is. 
Detroit,  Hillsdale  ft  In.  RB.Ss, 
Detroit  &  Bay  City  8s  guar. . . . 
Detroit,  Eel  River  ft  111.  88. 


101 X 


112 
112 

31>4 

55 

75 

70 

53 
IDS 

85' 


BKCtrEiTiia. 


Bid. 


Del.,  Laos,  ft  Lake  M.  ist  m.  88 
do  do     2d  m.  88 

Dutcheeaft  CoUunbl8  7s 

Denver  Pacific  7s,  gold aO 

Denver  ft  Rio  Grande  78,  gold.    65 
EvansvlUe  ft  Craw£Qtd8V.,78. .    95 

Erie  ft  Pittsburg  l8t  78 8.t 

do  do  2d7s i5 

do  do  7s,  equip 94 

EvansvlUe.  Hen.  ft  Nashv.  78. . 
Ellzabethlowu  ft  Padu.  8s,  con. 
EvansvlUe,  T.  H.  ft  Chic  7s,  g.  (5 
Flint  &  Pere  M.  78.  Land  grant.  90 
Fort  W.,  Jackson  ft  Sag.  88....  60 
Grand  R.  ft  Ind.  7b,  gold,  guar.  103 

do        do   78,  plain 

Grand  River  Valley  Ss 

Hoos.  ft  TexaB  C.  Ist  78,  gold. . 
Indlanap.  ft  VIncen.  Isf's,  guar 
Iowa  KallB  ft  Sioux  C.  18178... 
Indianapolis  ft  St.  Louis 7s..., 
Houston  ft  Gt.  North.  1st  78,  g 
International  (Texas)  Ist  g.    . 

lnt.,B.  &  G.  N.  conv.  88  

Jackson,  Lansing  ft  Sag.  88. . . , 
Jack.,  N.  W.  ft  S.  E.  1st  m.  g.  7; 
Kansat  Pac.  7b,  extension,  gold 
do  78,  land  grant,  gld 
do  78,  do  new  gld 
do  68,gld,Juneft 
do  68,  do  Feb.  ft  Aug 
do  78, 1876,  laud  grant 
do  7s,  Leaven,  br'nch 
do  Incomes,  No.  11. 
do  do       No.  16. 

do        Stock..  

Kalamazoo  ft  South  H.  8s,  guar 

Kal.,  Alleghan.  ft  G.  R.  8s,guar 

Kansas  City  ft  Cameron  10s. . . 

Kan.  C,  St.  Jo.  ft  C.  B.  8s  of  '85 

do       do  do    88  of  '98 

Keokuk  ft  Des  Moines  let  78. . . 

do        1st  coup,  Oct. ,'76 

do  funded  Int.  88 

do  pref.  Block... 

L.  Ont.  Shore  RR.  1st  ni.gld7s. 

Lake  Sup.  ft  XIIbb.  Ist  78,  gold. 

Leav.,  Atch.  &  N.  W.  7s,  guar.. 

Leav.,  Law.  ft  Gal.  Ist  ni.,108.. 

Logans.,  Craw,  ft  S.  W.  88,gld. 

Michigan  Air  Line  Ss 

Montlcello  ft  P.  Jervis  78,  gold 

Montclair  18178,  gold 

Mo.,  Kansas  ft  Texas       gold.. 

Mo.  R.,  Ft.  S.  ft  Gulf  Ist.ii.  108. 

do         do  do    2a  m,  lOs. 

N.  J.  Midland  Ist  7s,  gold 

do  2d  7s 

N.  T.  4  Osw.  Mid.  Ist  7s,  gold, 
do  do        2d  7b,  conv, 

do  West.  Extension  78. 

N.  Haven,  Mlddlet'n  ft  W.  7s. . 
North.  Pac.  1st  m.  gold  7  S-lOs.. 

do        Land  warrants 

OmahB  ft  Southwestern  HR.  8« 


18 
20 
100 

27k 


96 

60 

84 

84 

95 

68 
113 

87H 
100 


96 
82M 


102 
60 
SO 
90 
85 
70 
75 

to' 

22H 

18 

19 
100 
100 
100 

50 


75 
95 
25 
60 
35 
85 
22 
24 
106 
40 

g^ 

70 

40 

32.H 

14 

19 


Oswego  ft  Rome  78,  guar 

Peoria,  Pekln  ft  J.  1st  mort — 

Peorlaft  Rock  I.78,gold 

Port  Huron  ft  L.  M.  78,  gld,  end 

do  do    78,  gold... 

Pullman  Palace  Car  Co.  Block. 

do        bds,  88, 4tb  series 

Rockf 'd,  R.  I.  ft  St.  L.  1st  78,  gld 

Home  ft  Watertown  78 

Ilondout  ft  Oswego  78, gold.. 

Sioux  City  ft  Paclflc  68 

South  I'ncinc  6s,  gold 

Southern  .Minn,  construe.  88.. 

do  78 

St.  Jo.  ft  C.  Bl.  iBt  mort.  108. . 

do         do  8  p.  c 

St.  Jo.  ft  Den.  C.  88,  gld,  W.  D 

do  do     88  gld,  E.  D. 

Sandusky,  Mans,  ft  Newark  78 
St.  Louis,  Vandalla  ft  T.  H.  l8t. 

do  do  2d,  guar. 

St.  L.  ft  So'eastcrn  Ist  7s,  gold 
St.  L.  ft  I.  Ml.  I  Ark.  Br.)  7s,  g. 
Southern  Central  of  N.  Y.  78... 

Union  ft  Logansport  78 

Union  Paclflc,  So.  branch, 6a,g 
Walklll  Valley  1st  7s,  gold. . . . 

West  Wisconsin  78,  gold 

Wisconsin  Valley  88       

Sontlierii   >«ecurltlea 
Brokers^  Quotattmis.t 

Texas  State  6s  

do        7s,  gold 

do       lOs,  0fI884 

CITIES. 

Atlanta,  Ga.,  78 

do       88 

Augusta,  Ga.,  78,  bonds 

Charleston  slock  68 

Charleston.  S.  C,  78,  F.  L.  bds. 

Columbia,  S.  C.,68 

Columbus,  Ga., 78,  bonds.. 

Lynchburg  6s     

Macon  78,  bonds 

Memphis  old  bonds,  68 

do       new  bonds,  6s  — 

do       end.,  M.  ft  C.  RR 

Mobile  58. (coups,  on) 

do      88. {coups,  on) 

Montgomery  Ss 

Nashville  6s,  old 

do        6s,  new 

New  Orleans  58 

do  consol.  68  .. 

do  bonds,  78 

do  gold  7b,  quarterly 

do  10s ,.. 

do  to  Yallroads,  68.. 

Norfolk  68 .■ 

Petersburg  68 

Richmond  68 

Savannah 78, old  ...     .  

do        78,  new 

Wilmington,  N.  C.,68, gold.... 
do  do     Ss,  gold — 

KATLROADS. 

Ala.  ft  Chatt.  Istm.  88.,end.... 
Ala.  ft  Tenn.  R.  181  mort.  78... 
do         do  2d  mort.  78.... 

Atlantic  ft  Gulf,  consol 

do  do    end.  Savan'b, 

do  do    slock 

do  do       do     guar... 

Carolina  Central  Ist  m.  6s,  g.. . 
Central  Georgia  Ist  mort.  78... 
do  consol.  m.  78. 

do  stock 

Charlotte  Col.  ft  A.  let  M.  76.. . 

do  do       stock 

Charleston  ft  Savannah  6s,  end 
Savannah  ft  Char.  1st  m.7s  .., 

Cheraw  ft  Darlington  7s 

East  Tenn.  ft  Georgia  68 

East  Teim.  ft  Va.  6s,  end.  Tenn 
E.  Tenn.  Va.  ft  Ga.  1st  m.7s... 

do  do         stock 

Georgia  RR.  78 

do  stock 

Greenville  ft  Col.  78,  guar 

do  do    7s,  certlf.... 

Macon  ft  Brunswick  end. 78... 

Macon  ft  Western  stock 

.Macon  &  Augusta  bonds 

do  do       endorsed 

do  do       slock 

Memphis  ft  Charleston  Isl  7s.. 
do  do  2d  7s... 

do  do  stock  . 

Memphis  &  Little  Rock  Istm.. 
Mississippi  Central  Ist  m.  78.. . 
do  2d  in.  8s.... 

Mississippi  ft  Tenn.  1st  m.  7s. . 
do  do     consol.  Ss. 

Montgomery  ft  West  P.  let  8s. 
do  do  income 

Mont.  &  Eufaula  Isl  Ss,  g.  end. 
Mobile  ft  Mont.  Ss,  gold,  end. . 

Mobile  ft  Ohio  Bterllng 

do  do       do     ex  certll 

do  do   88,  Interest 

do  do   2dmorl.Ss 

do  do   stock 

N.  Orleans  ft  Jacks.  2d  m.  Ss.. 
do  do    certlf 'a  Ss.. 

N.  Orleans  ft  Opelous.  lat  m.  8s 
Nashville  ft  Chattanooga 6s... 
Norfolk  ft  Petersburg  Istm.Ss 
do  do  78 

do  do  2dm.8s 

Northeaslem,  8.  C,  Ist  m.  Ss. . 
do  2din.Ss... 

Orange  ft  Alexandria,  Isls,  6s.. 
do  do  2d8,  6s.. 

do  do  3ds,  Ss. . 

do  do  4th8, 88., 

Rlchm'd  ft  Petersb'g  1st  in.  78. 
Rich.,  Frelisb'g  ft  Polo.  68. . . . 
do  do  conv.78 

Rich,  ft  Danv.  Ist  consol.  68... 

Southslde,  Va.,l8tm.  Ss 

do  '2d  III.,  guar.  6s. 

do  3d  m.68 

do  1th  ui.  Ss 

Southwest  RR.  Ga  ,  1st  m. 
8.  Carolina  RR.  Isl  in.  78,  new. 

do  6b 

do  78  

do  Block 

West  Alabama  8s,  guar 

PAST  in-v.  COUPONS. 

[Tennessee  Slate  coupons 

Virginia  coupons 

I     do       consol.  coup 

JMemptals  City  coupons 


100 
75 
50 


20 

9S 

40 

60 

BIS 

55 

75 

90 

i7X 
30 
92  S 
101 
90 


93 

94 

50 

6.1 

5S 

62 

9 

10 

83 

90 

48 

52 

40 

42 

K 

86 

90 

6U 

July  17,  1575.] 


THE   OimONIOI.R 


61 


NEW  YORK.  LOCAL  SEOURITIES. 


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Broktr.  1M  Wall  it.] 

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82 


THE  CHRONICLE 


[July  17,  1876. 


3noe0tmenta 


AND 

STATE,  CITY  AND  CORPORATION  FINANCES. 

The  "  Investors' Supplement"  is  published  regularly  on  the  last 
Biturday  of  each  month,  and  furnished  to  all  regular  subHcribers 
of  the  Chboniclb. 

annuaIj  reports. 

Cincinnati  Hamilton  &  Dajton. 

{For  the  Year  Ending  March  31, 1875.) 
The  report  of  the  business  on  this  road,  and  the  lines  owned 
and  controlled  by  it  shows  the  following : 

EABSINaS  AND  EXPENSE ',   INCLUDING  INTEREST. 


From 


C.  H.  &  D. 
* 

PuteDgert 890.810  1 ! 

Freight    531,980  44 

Mails  •'Od  express  %S,9<il  30 
Rents  from  uther 

compaDys 190,600  00 

Kouts   from  real 

estate 6,118  96 

Mileage  of  cars...  4'!.70»  3i 

Interest 88,T74  BS 

To  edo  elevator..       

MlsoellaceoDs... 

TcUl  receipts..  1,1^8,351  81 


Ineomt. 
D.  AM. 
$ 

S38,lfil  31 

t»(1.3i9  73 

48,058  6S 


C.  R.  &C.  C.  H.  *I. 


t 

7J,307  63 

152,lii8  39 

9,398  33 


$ 

133,-87  T9 

!i53,R3l  83 

9,C29  16 


4,67J  71 


18,667  85 
3,036  72 


235  36 


1,668  00 
85  08 


Totals. 
$ 

634,42.^  89 

1,6S8.090  39 

91,017  43 

190,6)0  00 

11.685  03 
47,783  46 
3S,774  58 
12,667  25 
3,036  72 


For 


1,066,909  37    231,099  69 
Expensee. 
D.  &  M.     C.  R.  &  C. 


8,781  86    2,818,115  73 


$ 

144.8!(0  75 
4.213  83 
43,120  00 


C.H.&I. 
$ 

360,36r  07 

10.104  84 

129,220  00 


16,252  11      56,271  89 


Totals. 
$ 

1,773,7.^3  78 
112,171  55 
620,416  37 
34,875  75 
102,248  00 
72,527  00 
4,930  53 


C.H.  &D. 

$  $ 

TransporUUon...    606,585  09  681,910  87 

Taxes 55,873  05  41,979  83 

Inter'st  on  bonds.   158,563  20  18!»,513  17 

Div.  on  com.  stork      31.875  ?5 

DiT  on  pTd  stock       102,248  00 

General  inierest 

Profit  and  lose...       4,930  53         

Total  expenses.    826,95187    1,030,527  62    208,486  69    555,968  80    2,620,622  98 

Neteamlngs 302,402  94        26,38175     25,623  00       197.192  75 

Loss  operating  C. 

H.andl....: 157,214  94  

Total  net  earninss  as  above $197,192  75 

In  addition  tliere  have  been  received  from  sale  of  8d  mortgage 

hDnds  of  the  company 100,000  OO 

From  real  estate  sold  Southern  Railroad 37,500  00 

From  sale  of  bonds,  wood  lands,  and  bills  receivable 1:1,582  86 


Total $348,275  61 

Which  is  accounted  for  as  follows  : 

For  amount  expended  on  C,  n.  &  I.  RR.  for  renewals  of  track, 
brldgcsi,  construction  and  deferred  payments  on  real  estate..  —  $114,562  3S 

For  D.  &  M.  UK.  sinking  fund,  construction,  real  estate  and  In- 
ternal revenue  taxes 49,614  52 

For  interest  euarantee  of  Cincinnati  Richmond  &  Fort  Wayne  RR. 
comiMiny's  bonds". 15,86116 

For  six  new  passenger  cars,  depots  at  stock  yards,  and  Maplewood 
and  internal  revenue  taxes , 40,016  61 

For  reduction  ol  bills  payable 9,008  75 

For  increase  of  fuel  and  materials  for  repairs 56,435  32 

For  decrease  of  current  liabilities ..      62,778  87 


60  and  90  days  with  interest,  which  when  realized  upon  will  go 
far  towards  the  reduction  of  our  indebtedness. 

"Your  Directors  are  not  prepared  to  fix  a  time  for  the  resump- 
tion of  dividends,  but  are  freo  to  say  that  the  prospects  in  that 
direction  have  greatly  improved  by  tlie  latge  reduction  in  expenses 
effected  during  the  nast  year.  A  continuance  of  this  policy  with  a 
(general  revival  of  the  businea.s  of  the  countrv,  and  an  improve- 
ment in  the  rates  of  transportation,  to  which  the  Board  look 
forward  with  hope,  will  expedite  and  ensure  that  result." 

CONDENSED  BALANCE   SHEET,  MARCH  31,  '74-'75. 
Assets. 


Mch.81,'74. 

Mch.  31,  '75. 

Ini-reasp. 

Decrease. 

Construction 

$:i,»7!.R5(  73 

$8,977,410  05 

$2,755,32 

Equipment 

J,127,2.')0  % 

1,127,250  96 

Real  estate 

405.018  29 

867,518  29 

$37,500  66 

Fuel  and  materials 

153,759  57 

210.194  89 

56,435  83 

Woodlands 

10,100  00 
9,016  06 

6,950  00 
8,673  20 

3,7.50  i)0 

Bills  rcce  ivable 

342  86 

Stocks  and  bonds 

326.486  18 

816.996  18 

9,490  00 

Erie  Railway  t'o 

26,116  72 

90,041  72 

63,926  00 

C.  R.  &Ft.  W.  It.  R.Co. 

.H8.G.56  61 

54,517  77 

15.831  18 

Other  railroad  companies 

34,921  29 

64.576  20 

39,654  91 

Post  OfBce  Dep  jrtmcnt 

9.557  16 

ln.4.^0  65 

893  49 



86.097  58 
183,073  18 

7.629  09 
93,377  93 



78.468  19 

Cash  and  cash  assets.... 

40,595  26 

D.  McLaren,  trustee.  .. 

83,618  96 

8i,6t8  96 

D.  &M.  R.  R.,  lessors.. 

433,784  13 

473,9.30  85 

41, 146,12 

C.  R.  &  C.  R.  R.,  lessors 

42.121  19 

1H.498  19 

25,6'2.3  '«> 

C.  H.  &  1.  R.  R.  Co 

866,943  6S 
$7,761,673  99 

1,1.38,720  00 
$8.043,3M  33 

271,777  32 
$482,419  64 

$193,679  30 

LlabUUies. 

Mch.  31,  '74. 

Mch.  31,  '75. 

Increase. 

Decrease. 

Capital  stock 

.  $3,500,000  on 

$3,500.f)0n  00 

First  mortgage  bonds. . . 

.    1,250.000  on 

I,25i1,0n0  00 

Second    "            "      .. 

600.000  OO 

.500,000  no 

Third      "             "... 

.        400,000  00 

600,000  00 

inb.noo  66 

Surplus  earnings 

961.2-2  80 

1,244.337  80 

283,055  00 

Interest  on  honds  

19,316  34 

19.512  ,53 

196  19 



Dividends  unpaid 

1,044  CO 

445  00 

599  00 

Rai  1  i  oad  companies 

.        16.1,629  74 

36.2.10  51 

127,379  23 

Individuals 

125.816  40 

167,538  33 

41,706  93 

Div.  on  D.  &  M.  pref.  st'k        26,272  00 

25,610  00 

662  00 

•*           "       com.    ** 

lR,-i8:i  00 

19,151  18 

762  18 

151.199  14 
641,724  57 

149.808  16 
635,715  82 

1.300  98 

9,008  75 

$7,761,1,73  99    $8,018,354  33    $425,720  30    $139,039  96 
DAYTON  &  MICHIGAN  RAILROAD. 

BALANCE   SHEET,   MARCH   31,   1874   AND   1875. 

Assets. 
Mch.  31, '74.     Mch.  31, '75.       Increase.     Decrease 


$  » 

Construction 5,673,042  55  5,683,787  r 6 

Rightofway 108.71105  lOS.Tl!  05 

Real  e-late 277,669  20  278.19120 

RoUlngstcck 76),2.56  12  765,256  12 

Lima  shop  equipment 12,145  31  12,Il5  31 

Bills  leceivable 129  00  2S9  00 

Individual  accounts 754  00  1,179  00 

Preferred  stock  fund 76,33'j  23  76,643  38 

Prollt  and  loss 146,455  69  146,058  69 


$ 

10,745  01 


425  no 

8.5  00 


Total $348,275  61 

The  gross  earnings,  compared  with  the  previous  year,  show  a 
decrease  of  347  per  cent,  or  $97,794  10,  viz.:  On  C,  H.  &  D.  ER., 
t43,643  4.3  :  D.  &  M.,  143,018  41 ;  C.  H.  &  I..  $34,025  61,  less 
increase  on  C,  E.  &  C.  $20,923  37. 

The  expenses  show  a  decrease  of  |163,884  61,  or  6  22  100  per 
cent.,  viz:  C.  H.  &  D.  $97,713  93,  D.  &  M.  $3.5,131  47,  C.  H.  &  I. 
$50,159  59  lessC.  E.  &  C.  increase  $10,119  38,  making  a  net 
increase  of  earnings  of  $65,090  51,  viz  :  on  C.  H.  &  D.  $54,069  48, 
C.  U.  and  I.  $17,133  98,  C.  E.  &  C.  $10,803  99,  less  decrease  on  D. 
&  M.  $16,916  94. 

The  aggregate  freight  receipts  show  a  falling  off  of  $112,289  34, 
or  6  2-3  per  cent,  while  the  tonnage  increased  1  4  10  per  cent. 

The  passenger  receipts  show  an  increase  ot  $8,561  85,  or  93-100 
per  cent,  and  the  train  mileage  an  increase  of  7  per  ceni. 

The  report  says:  "A  contract  has  recently  been  entered  into 
with  the  Indianapolis  Bloomington  &  Western  Eail  way  Company, 
which  company  controls  upwards  of  350  miles  of  road  west  from 
Indianapolis,  forming  a  close  connection  with  this  road  for  both 
through  and  local  business,  which  must  in  time  materially  in- 
crease its  income,  and  makes  it  important  to  put  the  road  in  first- 
class  condition. 

"  There  has  been  paid  the  past  year  on  account  of  interest 
guaranteed  on  the  Cincinnati  Eichmond  &  Fort  Wayne  bonds,  as 
per  contract  of  June  1,  1871,  |15,861  16,  making  the  amount  to 
this  date  $54,517  77.  The  business  of  that  road  has  been  gradu- 
ally increasing,  which  is  evidenced  by  the  increase  of  business 
.  over  the  line  to  and  from  Eichmond,  and  the  decrease  in  our  ad- 
vances, the  payment  for  the  last  six  months  being  $5,485  34. 
We  have  reason  therefore  to  hope  and  the  managers  of  the  road 
express  the  belief,  that  it  will  ere  long  maintain  itself,  and  begin 
to  re-imburs  e  our  advances  as  well  as  further  increase  our  business 
in  that  direction.  This  is  the  only  guarantee  our  company  has, 
aside  from  its  own  lines  of  road,  all  of  which,  with  the  exception 
of  the  C.  H.  &  I.  E.  E.,  are  self-sustaining  and  a  source  of  profit 
to  this  company. 

"  The  floating  debt  of  the  company  shows  but  a  small  reduction 
from  last  year,  which  is  accounted  for  by  the  large  sums  appro- 
priated for  other  purposes  as  before  stated,  and  the  large  amount 
due  from  the  Erie  E.  E.  Co. 

"  The  large  amount  due  from  that  company,  as  stated  in  the 

ecretary's  report,  has  recently  bsen  adjusted  by  their  notes  at  30, 


Capital  stock 2,400,478  79 

Preferred  stock 1.278,720  00 

Ist  mortgage  bonds I,885,n00  00 

2d  mortgage  bonds 441,000  00 

3d  mortgage  bonds .356,000  00 

Toledo  depot  bonds 105,500  00 

Income  honds 400  00 

C.  H.  &  D.  RR.  Co 438.784  13 

Gainonbds.  conv.intost'k.     160,608  2)- 


7,060,491  20        7,072,104  21        12.010  01 
LiabililUs. 

2,400,  ;'30  68  251  89 

1,278,100  00 


397  00 
397  00 


1,855,000  00 
441,000  00 
356.000  00 
105,500  00 
800  00 
473,9,0  25 
161,513  28 


620  00 
30,000  00 


41,146  12 
935  00 


100  00 


7,060,491  50        7,072,104  21        42  030  01       30,720  00 
CIKCINNATI  RICHMOND  &  CHICAGO  R.  R.  CO. 
The  income  and  expenses  of  this  company  for  the  year  ending 
March  3l8t,  1875,  were  as  follows: 

INCOME. 

From  Passengers $72,307  63 

FroraFreight 162,168  39 

From  Mails  and  Express ,    9.398  32 

From  MlscellaQeous 325  36— $334,099  69 

EXPENSES. 

For  Transportation $144,890  75 

ForT.ixos 4,213  83 

For  Interest  on  Bonds 43,120  00 

For  General  Interest 16„352  11— $208,476  69 

Net  earnings  for  the  year $23,623  00 

BALANCE  SHEET. 

Auels.                          I                        Liabilities. 
Construction $826,733  29  I  Capital  Stock $382,600  00 


Equipment 184.551  98 

Real  Estite  700  00 

Front  and  Loss 17,782  92 


First  Mortgage  Bonds 660,000  00 

Second  Mortgage  Bonds..  65,000  00 

C.  H.  &  D.  R.  R.  Co.,  Les- 
sees   16,498  19 

Interest  on  Bonds,  un- 
claimed   5,670  00 


Total ...$1,029,768  19  Total $1,029,768  19 


genbraIj  investment  news. 

Alabama  &  ChattauOOga. — Mr.  L.  Phillips,  special  commis- 
sioner under  the  order  ot  11th  June,  1875,  made  by  the  Circuit 
Court  of  the  United  States,  gives  notice  that  he  is  directed,  among 
other  matters,  to  inquire  into  and  report  "what  moneys  have 
been  actually  expended  in.  improving  the  road  by  the  several 
receivers  and  by  the  trustees  since  they  have  had  possession  of 
the  road,  and  from  what  sources  these  moneys  were  derived,  and 
reatonableness  of  such  expenditures,  and  the  particular  character 
of  these  improvements." 

Also,  "  whether  the  certificates  were  issued  in  accordance 
with  the  orders  in  the  cause,  and  what  disposition  was  made  of 
the  same,  and  whether  said  disposition  was  made  in  conformity 


July  17, 18TB.I 


THE  CHROXICLE. 


€8 


to  Mid  orders,  and  which,  in  hts  opinion,  ihonld  b«  allowad  and 
which  rrjaetad. 

'  What  tnormtyif  faaa  have  b«ea  properly  paid  or  lnearr«d  for 

'     wftt  of  Um  traat  for  filing;  the  bill  In  tbir  cue  and  for  other 

tegml  tiiWMM  for  ihf  tract,  and  to  wbom  the  lereral 

■la  MW  b«m  paid  or  are  d  ae. 

*  What  o(h«r  aaiDa  in  aeuil   haT«  been  projierly  expended  by 

the  ■erer*!  reerlTBi*  and  tniii»es  la  the  exerciie  of  their  datiee 

for  the  mid  raHroad. 

"  What  MTTieM  the  mM  reeeiven  and  tmiteea  hare  rendered 
la  the  proper  execntion  of  their  trtMU.and  wbat,i(  any, allowance 
•konld  be  made  them." 

For  the  parpoae*  of  thU  InTvalication  Mr.  Phillip*  notiSea 
all  peraons  Intereated  that  he  will  boM  a  aeaiion  at  ChatUnoo^a, 
eoomrneioK  on  M ondaT,  the  26tk  day  of  Jolr,  1873.  Another 
■Nitoo  for  the  aame  parpoae  will  be  held  "  in  or  eoorenlent  to 
5*w  Tnrk."  The  time  and  place  to  be  fixed  by  a  farther  notice. 
•  AtehiflOB  TopekA  *  SaaU  Fe.— After  fandiog  three  ooapona 
thia  company  hu  reaamed  paroMM.and  pay*  .the  Jaly  coupon 
oa  it*  Brat  aMWtm;*  cold  bond*  la  cash.  A  circalar  haa  been 
iaaaed  to  the  Moekholdani  aanouneiag  that  the  execntWe  commit- 
toa  of  that  eoapaay  haa  parchaaed  on  Tpry  farorable  term*  a 
eoMtioIliac  Inlaiaat  In  tha  K*oMa  Xldlaad  Railroad,  which  will 
haNaftarSe  opaimled  by  the  Atchlaon  Topeka  k  San'a  Ke  onder 
a  laaae.  Between  Lawrenee  and  De  Solo  It  U  propoaed  to  oae  the 
Pteaaaat  Hill  roale.  If  terma  ara  Mtlafactory,  otharwiaa  that  por- 
tion will  be  bolll. 

It  is  Mid  that  the  coat  of  the  road  to  tha  Topeka  Company  was 
abotit  $400,000. 

Calr*  k  TlMaaMB.— Tha  rwelvan  Maaara.  A.  B.  Hafford  and 
H.  L.  Morrill,  lasMd  •otieo.  nader  data  ol  J  one  80 : 

**  That,  la  eompliaMa  with  an  ordM  of  tha  Ualtad  StataaCtieait 
Court  for  tha  Hoathers  DIatrlet  of  IlttMia.  daiad  Juaa  U.  1873. 
wa  kara  baaa  i«ila«»d  fron  oor  traat  as  rseaivars  of  tha  Cairo  k 
VisesBsaa  lalfaaad  ;  sad  have  taraa4  •tat  saM  lallnad  aad  all  lu 
property  to  onr  stieeeaaor*  Mraan.  Diassl  aad  Tiacy.  rseaiTsta. 
who  will  carry  out  all  contrmcta  aa4  aMlgatlsas  aMde  by  oa,  aad 
to  whom  wUl  be  lafi  tha  sattlemaal  af  oar  aeeooats." 

ClertfuA  Oalrakw  aaeluwll  *  Ia«luupall«^Tha 
Exeeative  Committea  of  the  Clevelaad  Colambos  OnelnnatI  4 
ladiaaapolis  Hallway  Ooapaay.  In  rlaw  of  tha  following  nUU- 
ment  of  the  opatatioaa  of  taa  road  for  tha  f  rt(  six  montb*  of  the 
prcoeni  year,  ha««  daddad  It  inexpadlaal  to  daelart  any  dividend 
for  the  pi  mat. 

aaamrtt  roa  mx  imtmt,  bssom  nraa  tt,  VW-^tarn.r 


-LMMUn 


ttjmjmm 


i.tMjma 

•HCIM  M 

•.mia 

U.4MM 

froaaUt  

Dbtriet  af  CaliMblik— The  Coaiialtslnaaia  kara  paM  €0  tha 
a<  f  Un/no  of  7  par  caat  boadb  kaowa  a<  '■Cblsace  Ballaf 
•"aa44aalaUr77.  Thay  are  alao  payiac  off  Ika  7;«m«  ont 
1 4aa  la  WsfSMbai  of  Ikla  ysar.  aawaaUMia  $in^.  aad 
of  •  Bar  esM  boada  daa  ia  Im,  aMoaatla(  to 
10.  iBfUlUr  «Mi  aoiM  alher  ■■all  kaaaa  ot  water  aad 
rkat  boada  ef  iko  old  aorponltoaa  ol  Waakli^HoB  aad  Oaocga- 
Iowa.  Tka  IVdaaa  says :  "Tka  SHIS  baadaaatkortaad  by  laie  acts 
of  CoaaiaM.  aow  aaMsot  to  t^.nOOfiOO.  The  two  Coatrollers 
of  the  Traaaaiy,  aetlaa  as  a  boarl  of  aadit.  are  aow  preparia^  a 

"  .thatissofor 

itkatlMr 
It 


stalswsat  ap  to  Jaly  1  of  elalma  allowad  aadoa  Ala.  thi 
f  lla«  sack  ilaliaa  kavlac  atpHed  oa  80lh  Jaaa  laat.  so  < 
totalaaMmat  caa  aov  oa  sacartalaad.    Fratt  sack  ala 


appaara  that  tho  total  aaoaat  clataaad  Is  aboal  fll.OOOOOO, of 
which,  aa  ahore  slata>l.  f»jOM,000  havo  kaoa  allowed  aad  bood* 
tasaad  therefor.  It  la  nH  that  aboat  $\.0»fi»  will  ba  allnwfd. 
■akiac  a  toul  Ifsos  of  %\0fillOJKO  boada  to  data  of  maatlDtr  of 
aext  Coacraaa  In  Deeembar.  This  la  tha  aaoaot  lor  which  Inter- 
est waa  approprlatad  at  laat  SMeloo  of  Coamaa,  payable  by  tha 
fTaHad  (hataa  oa  1st  AacasI  aad  Febraary.*^ 

■rio  ■ailway.— Tha  olostloo  for  Dlmclon  wsa  h^d  Taeaday, 
ISlh  laat.  At  a  VMatiaa  ef  a  lew  stack  aad  boadholdors  oa  tha 
prarloaa  day  Mr.  Joha  LiTlacstoa  sabaUtlad  a  Tatliod  traaaarlpt 
of  tho  aanpaayt  Ibta  ol  stoekholdm,  aa  pfspaiad  for  tko  «la»- 


«d  gmwm  iho  fsllowlaf  esplanatlaaat 
r  boaka  eeatalalof  tko  aamaa  of  tha 


Tho 
foar  saparala  TolsMaa,  tka  two  v^oi  orer  fro«  Ueodea  at  tka  ttM« 
the  Loadoa  Tiaaafar  Aicaaey  waa  eloard,  Fehraary  19,  tSTS.balaf 
dsilKaatad  itapastWrlr  The  Loodnn  Lsdfar.Coamoa  Bharas^  and 
Tha  liSaJsa  Lsd«er.  Prof*rred  (<l>arro.  aad  tka  two  kapt  at  ttia 
koHM  iMtm,  DaaMstle  Lodcar,  No.  1,  Oomaoa  Block,  aad  Doasco- 
tie  Ladger,  5o.  9,  Prolerrad  Btnck.  Tka  aaaaa  ragtalarad  at  tha 
London  nr»nrr  ar»  net  all  ttorriffaafa  or  aoa-lllili  ula  of  the 
I''  it  a  small  forltoB  of  thoaaao  tkodoMastie 

or  .  re  rsoident  hers.    Tha  l<nadoa  books  eoo- 

tala  mirny  iw  n*invs  of  tkoaa  who  m»d»  tkair  traasfere  at  the 
Loa<s«  a^cy  prior  to  lia  bstng  eloasrl  by  order  of  Prudent 
J0wm  aabafora  sCataA,  wklla  tha  Xow  Teffc 


made  at  the  company's  office  here.  The  aggregate  shares  held  by 
the  asTeoteen  ^ntlemen  who  were,  on  Jaly  14,  1874,  elected 
directors  of  the  Brie  Railway  Company  ia  1,^7,  the  several  direc- 
tors  holding  as  tollows:  Hugh  J.  Jt>«ett,20l;  W.Butler  Duncan, 
100;  John  Taylor  Johnston,  1;  Herman  R.  Ballzer,  730;  R. 
Saydam  Orant,  1 :  John  A.  C.  Gray,  11;  Frederick  ScUucbardt, 
80;  Edwin  D.  Morgan,  100;  L.  U.  Meyer,  1  ;  Lacius  Robinson,  1  ; 
Cortlandt  Parker,  1 ;  Marshall  O.  Roberts,  2;  S.  L.  M.  Barlow.  1  ; 
Homer  Ramsdell,  6  ;  Thomas  A.  Scott,  1 ;  Hforv  U.  Stebbina,  100; 
Jobn  King,  Jr.  (resigoad),  none.  The  total  number  of  share- 
holders U  4,370,  comprialag  3.313  holders  of  commnn  stock  and 
937  of  pr«tf  rence  stock.  HWd  in  foreign  eoantrinx,  6UI,08o  sbares, 
VIZ.:  61U.4S.5  common  and  51.500  preference.  Ui-M  by  residents 
of  the  United  States,  904,015,  viz. :  169,515  common  and  34,500 
preference.  Of  the  stoekholders,  1,710  bold  SO  sbares  or  leas; 
681  hold  100  shares  or  lav;  1,039  hold  1,000  shares  or  Ism,  and  80 
hold  over  1.000  shares. 

At  tho  election  of  dltaetors  Mr.  Livingston  made  opposition 
baaad  apoo  hia  elaim  that  he  represented  a  number  of  guxkliold-  , 
era  in  Oroat  Britain  and  elsewhere.  When  S.  L.  M.  Barlow  pre- 
sented his  TOM  on  sharas  and  proxies  to  the  value  of  $23,631,500 
— beinc  836,819  votes — Mr.  Livingston  objtteled  on  the  ground 
that  he  did  not  believe  that  the  proxies  submitted  represented 
aetnal  stockholders.  Mr.  Barlow,  however,  presented  affldavlta 
that  the  aloek  was  held  by  le^l  holders.  The  inspectors  o&erad 
to  eoBsider  any  evidenea  going  to  ahow  that  traasfers  of  stock 
wars  Biada  sobaequent  to  tbe  proxies  being  given,  but  as  Hr. 
LlTlagatoa  oOhred  no  proof  the  vutea  wsm  aoeepted.  Mr.  Barlow 
thaa  Hid  that  ha  had  othar  proxies  representing  $13,000,000  mora 
of  stock,  bat  he  did  not  eoasider  it  neceaaary  to  use  tbem. 

The  ticket  elected  seearad  861,785  votea,  while  tbe  opposition 
ticket  put  forth  bv  John  Livingston  secured  ouly  750  votes.  The 
total  vote  was,  therefore.  363,4S.5,  representlntr  186848,600  of 
sloek.  Mr.  Livingston  Mid  that  he  had  in  his  poasaaalon  proxies 
for  $7,000,000.  entitling  him  to  70.000  votea,  bat  as  be  ooosid- 
ared  the  election  illegal,  he  would  not  vole  upon  tbem.  The 
(Toaad  for  the  alleged  Illegality,  he  declared,  was  that  proxies 
had  hssn  reaeived  from  the  other  side  of  the  Atlantic  thirteen 
days  after  Jane  13,  wharaaa  by  law  tha  books  should  have  bean 
cloaed.  and  that  tboaa  TOtaa  had  been  admitted.  Ha  and  other 
atoakkoMara  had  boaa  earafol  to  Inspect  the  booka  before  June 
It,  aad  thay  were  eertaia  that  the  Kogliah  proxies  had  not  then 
beaa  lae^ved. 

Tha  following  were  the  direclora  elected  :  Herman  H.  Baltzer, 
Bamaal  L.  M.  Barlow.  H.  Snydam  (irant,  Hugh  J.  Jewett,  Jobn 
Tavlor  Jokaatoa,  Louia  U.  Meyvr,  K  I  win  P.  Morgan,  Maraball  O. 
Bokorta.  Baaiaal  Hl<>«n,  and  Henry  U.  Stebbios,  all  of  New  York  ; 
Tkonaa  Dickson.  Pbiladelpbia ;  Solomon  S.  (intbrle,  Buffalo; 
Ollaa  W.  llntrhkiM,  Binghamlnn  ;  Am  Packer,  Mauch  Cbuok  ; 
Osrtlaadi  Parker,  Newark  ;  Homer  Kamsdall,  Vewburgb  :  Lucius 
BoMaaaa.  ElaUra.  Of  tkaae  S.  8  tlathrie.  Ulles  W.  llutchkiss, 
Aaa  Paekar.  Hamoel  Bloaa,  and  Thomas  Dickaon  are  new  direc- 
lora, aad  lake  tbe  places  of  Th^rn**  A.  Scott,  of  the  Pennsylvania 
Balirosd;  John  King,  Jr.,  ot  the  Bai  imore  and  Ohio  H«ilroad  ; 
Fradwtck  Bcharbardi.  John  A.  O.  Ur*y.  and  W.  Bntler  Dancaa, 
of  Haw  York.    John  Klaff,  Jr.,  reeignod  some  limMgo. 

Fraaklla  Telerrapk  Coi— At  the  adjoaraad  tneeiinK  of  tbe 
Franklin  Telr^rraph  Co., held  Jaly  IS,  at  Bjaton,  Alfre'l  Nelson,  of 
N.  v..  poalded,  and  said  that  iha  statement  ol  the  Company's 
flaaaoiaaoaMaot  bopfeoaated.  aa  It  waaaot  ready.  Tbe  follow- 
iMdiraclara  00  tko  tMkat  of  the  New  York  pany  were  elected  : 

BUaagr  Dllloe.  J»y  Uould.  W.  J.  Sym<.  John  11.  Mortimer, 
TkoMMT.  Eskert,  llaary  M.  Kaber.  Fred.  L.  Am«s.  E.  1'.  Atkins, 
aad  R  H.  Bolllas,  Maaara.  Dilloo  aad  Bckart  getiiog  ;.l!i.13.  being 
all  tka  votes  caat,  aad  the  mlirrs  5.544  each.  Jumre  U.  Harris 
waa  aaaataaeaaly  ra  ataetsd  Clerk,  and  Alfred  Nelson  was  choaan 
Tnaaarai;  ka  gelti^  tka  Ml  N«w  York  vote. 

A  nrsaaihli.  redtlac  tkat  the  AtlaoUc  A  Padfic  Telugraph  Co. 
fVaaiialaatlv  sasamad  aaatiel  of  the  Fraaklla  Una.  decreased  Its 
retea  aad  iDJared  ita  kaalaaM  by  sroaa  mismanagement,  and  a 
leaelatioa  direetlaf  tha  Directors  to  hring  action  in  behilf  of  the 
eoespaay,  ia  Uw  or  la  cqaltr.  against  the  Atlantic  &  Pacific 
Telegraph  Co.  waa  lost  by  a  vote  ni  5.446  to  8.198. 

fillauia  niatoo  *  Spriarfleld.— The  old  board  of  directors  of 
the  UiloMa  ('lintoa  k  8pfta«flold  railroad,  who  were  left  oat  by 
iheelaetloa  ol  a  aaw  boaia  aoma  time  ugo,  met  In  Springfield, 
luly  8,  at  an  adjoaraod  Baatlng,  aad  proeeeded  to  fill  vacancies 
which  had  iMoairad.  Tka  folio wlac  gaatkaaeD  were  elected  :  T. 
J  i3mmm  i^HpilaftoM ;  C.  H.  Moore,  ol  Ointon  :  L.  P.  Morton, 
of  Now  York:  (lutrles  8.  Bevton,  of  Iy>ndoo,  England.  Tbe* 
latter  geatlemaa  rapisasala  the  Interssis  of  the  English  bond- 
koMeie. 

Eaakak  *  Dee  Molaaa.— We  learn  that  there  is  no  founds- 
tloa  for  Iho  rsMrt,  noUosd  la  our  Imos  of  10th  inst,  "  ibat  tbe 
Oaa  Malaaa  ft  Fort  DedooBtf  road  la  aooa  to  pass  into  tbe  control 
of  tka  Kaoknk  k  Dee  Molaes  Boad  to  be  operated  as  one  line. " 

Laalsiaaa  SUto  Flaaaeaa.— Auditor  Clinton,  in  a  pabllsbed 
latlar  to  tbe  chairman  of  tha  "  Central  (^anell  of  tbe  Property  - 
hoMeie'  Uoloo,"  naderdate  of  Julj  0,  makea  the  following  elale- 
laaata  of  general  Interest  in  regard  to  the  finances  of  tbe  State  : 

"The  inlerent  tax  now  fixed  by  law  is  6^  mills.  Tbe  school,  3 
mills,  cannot  well  be  rednoed.  Tbe  levee  Ux  ol  3  mills  is  fixed 
by  Uw.  and  nnlees  tbe  leveM  sre  taken  charge  of  by  tbe  United 
Matea  cannot  be  lowered.  The  half-mill  State-House  ux  In  irre- 
pealabte  for  the  next  two  years — msking  a  total  uf  11  niilM,  and 
leaving  only  to  be  considered  the  general  fund  tax  of  8i  mills. 
This  can  be  fixed  at  3  mills,  which,  together  with  the  licenses 
collected,  would  produce  a  sufUcleDt  general  fund  revenue  to 
properly  administer  the  State  (ioveroroeot  in  tbe  bauds  of  any 
economical  administration.     To  eonsammate  this  reduction  of  H 


-_- books  oonula  the    _. 

of  an  koMota.  tofotfa  aad  JowwiIb.  wkoaa  tiaaolera  were  >  mills  on  the  general  fund  tax,  It  would  rec{alre  the  modlflratiou 


64 


THE  CHRONICLH 


[July  17,   1875 


or  obaDfrlng  of  many  laws  now  on  the  statutes,  priocipaDy  con- 
oernin^  salari<«  of  officers,  commissiong,  feps,  &c.,  &c.,  paid  to 
officials.  I  would  suggest,  as  sometliiHH  practicable,  in  this  con- 
nectioo,  that  your  committee,  during  the  interval  belore  the  meet- 
ibg  of  the  next  Legislature,  will  prepare  acts  in  all  the  cases 
needed,  and  urge  their  pa»fl»ge.  Should  you  decide  upon  this 
course,  and  afford  mo  opportunity,  I  will  be  glad  to  point  you  to 
the  acts  necessary  to  be  repealed,  modifie-l  or  changed. 

The  back  taxi-s  due  the  State  «re  now  very  much  reduced 
(some  parishes  having  delinquent  lists  of  less  ihan  flOO),  and  it 
is  hoped  will  be  quite  paid  up  before  next  November.  lu  such 
case  it  will  save  all  penalties  to  the  taxpayer,  and  enable  the 
8ute  to  liquidate  her  few  outstandin^t  warrants,  which,  she  is 
now  unable  to  otherwise  provide  tor.  Under  the  provisions  ot 
the  constitutional  amendments  no  warrants  can  be  issued,  unless 
there  he  funds  in  the  treasury  to  meet  same  as  drawn  ;  this  is  a 
reform  measure  long  needed. 
Following  will  be  found  answers  to  your  interrogatories  : 
,  1.  Th»  present  debt  of  the  State,  bonded  and  floating,  nuiounts 
to  121,099,100. 

2.  The  value  of  the  real  estale  of  this  city,  as  assessed  by  the 
Bute  on  rolls  of  1874,  is  |133,0S0,785. 
8.  The  present  rate  of  Slate  taxation  is  14^  miles. 
4.  The  present  expenses  of  the  State  "  in  full,"  t.  «.,  for  all  pur- 
poses, are  as  follows: 

For  support  of  Government $1,172,000 

For  napportof  i>ul>lic»choolB 400,000 

For  interes'  on  consolidated  debt 1,050,000 

For  expenses  of  ballding  levees 600000 

Total $.3,2M,000 

6.  The  amount  of  back  taxes  now  due  the  State,  i.  t.,  on  prop- 
erty ot  value,  excluding  swamp  lands  and  taxes  due  prior  to 
1865,  considered  collectible,  is  estimated  at  $8.50,000." 

New  Jersey  Midland. — A  meeting  of  bondholders  of  the  New 
Jersey  Midland  railroad  company  was  held  this  week,  of  which 
the  object  was  to  oppose  the  plan  of  re-organization  drawn  up  by 
a  committee  of  bondholder.-)  and  directorn,  appointed  for  that 
purpose  last  month.  The  meeting  was  called  to  order  and  Smiih 
Ely,  Jr.,  was  elected  Chairman  and  VVm.  O.  McDowell  Secretary. 
G.  A.  Hobart,  the  receiver,  in  whose  charge  the  road  now  is,  made 
a  detailed  statement  of  the  present  condition  of  the  road,  as 
follows : 

PRESENT  CONDITION  01"  THE  BOAO. 

Total  valae  Of  road  '. ,.  ..  .  $l,00J,O0J  oo 

Valuo  W'  ehawkcm  Perry  property 60,0011  0 ) 

Tc-minal  grounds  of  New  Jersey  Midland  railroad  in  Weehawken 

(morlfraged  for  $8,000; 275.010  00 

Machine  shops 17.000  OO 

Office  Fixlures,  Ac 4,5)0  00 

Bollini;  stock 200.0  0  00 

Bills  receivable 36,150  00 

Total $3,582,650  00 

UamUies. 
■    Bills  payable $3,434,066  70 


Open  ftcconnt. 

Rollins  »tock  account 

Trip  pay  rolirt 

Tax****,  New  Jersey 

Other  items  anioanting  to. 
Bouds  and  mortgages 


14,200  01 
183,835  21 

68.819  3) 

25,000  00 
109, -262  or 

6 1,-3 10  m 


Total t3,8%,.'>23  40 

Funded  debt  and  mortgages  and  Weehawken  company,  about $5,000,000  00 

To  preserve  the  road  and  to  pay  prior  liens,  Mr.  Hobart  staled 
that  $360,000  would  be  necessary. 

James  W.  Mct-'uUough,  co-receiver,  made  a  statement  of  the 
working  of  the  road  since  it  had  been  placed  in  the  hands  of  the 
receiver,  as  follows : 

1875— March— Disbursements fW.OOO 

March— Earning-' ..         15,000 

April— Diebnrsements  39.000 

April— Earnings 82,000 

May — Dishursements .35,000 

May— Earning! 39,iX)0 

June- Disbursements 28,000 

Juni.'— Earnings 45,000 

Upon  motion  it  was 

Setolmd,  That  a  committee  of  seven  be  appointed  by  the  Chairman  to  report 
at  a  Jntnre  me^-ting,  to  be  called  by  the  Chairman,  a  plai  i  for  the  re-organization 
of  the  road;  and  said  committeij  are  hereby  authorized  to  inquire  into  ;ind 
report  upon  the  present  status  of  the  foreclosure  proceediui:s  and  such  other 
matlerji  as  they  may  deem  material.     The  meeting  then  adjourned. 

New  Orleans  Finances. — A  press  dispatch  of  July  14,  says: 
Reports  of  city  officials  for  the  past  six  months  show  a  reduction 
of  the  debt,  bonded  and  floating,  of  $1,411,000,  and  a  decrea.se  of 
the  current  expenses  comnared  with  six  months  of  the  same  time 
last  year,  of  $331,300.  'llie  reports  exhibit  a  falling  off  of  $400,- 
000  in  the  receipts  from  sources  otlier  than  taxation.  The  Council 
has  adopted  a  resolution  instructing  the  Debt  Cominisoioners  to 
pay  one-half  of  the  interest  now  di»e,  stamping  the  coupons  "half 
paid." 

New  York  &  Oswego  Midland.— The  entry  of  decree  of  fore- 
closure by  the  United  States  Circuit  Court  was  deferred  from  the 
18th  inst.  to  August  4th  next,  at  whieli  time  a  decree  will  be 
entered.  The  Cowdry  committee  claim  to  have  over  $3,800,000 
of  first  mortgage  bonds  already  defiosited  with  them. 

~  Pennsylyania— Philadelphia  &  Erie.— The  Philadelphia 
7ray«irfr  has tlie  following  item  :  The  Pennsylvania  railroad  and 
the  Philadelphia  &  Erie  railroad  yesterday  effected  a  satisfactory 
settlement  of  the  current  account  outstanding  between  the  two 
corporations.  The  Philadelphia  &  Erie  transfers  to  the  Pennsyl- 
vania company  Philadelphia  &  Erie  bonds  and  Allegheny  Valley 
railroad  bonds  to  the  amount,  as  currently  reported,  of  about 
$1,000,000. 

Petersburg  Railroad.— The  recent  trouble  has  been  settled  by 


the  payment  of  the  claims  held  by  the  judgment  creditors  of  the 
company  and  the  second  mortgage  bondholders.  The  payments 
were  made  by  Col.  Gordon,  of  Richmond,  as  agent  for  a  party 
unknown. 

St.  Louis  Alton  &  Terre  Haute.— We  take  the  following 
from  a  letter  of  a  director  of  this  company,  written  in  reply  to 
inquiries  of  a  holder  of  its  securities  : 

In  reply  to  the  inquiries  made  by  you  in  regard  to  tli"  reason 
for  the  decline  in  the  preferred  stock  of  this  Company,  I  can  only 
say  that  I  know  of  nothing  that  has  happened  to  affect  its 
intriniic  value,  and  believe  its  future  to  be  as  uood  as  ever.  The 
publishing  in  the  papers  of  tlio  monthly  gross  earning.-i  of  our 
main  line — t.  «.,  the  road  from  Terre  Haute  to  St.  Louis — may 
have  caused  parties  not  familiar  with  the  circumstances  of  the 
case  to  become  alarmed  about  their  property,  on  account  of  the 
large  falling  off  in  receipts  wh'cU  these  published  statements 
show.  Now,  our  main  line  is  leased  to  the  Indianapolis  &  St. 
Louis  Kailroad  Co.,  (a  corporation  owned  by  the  C.  C.  C.  &  I.  and 
the  Pennsylvania  Companies  jointly),  at  a  minimum  rental  9l 
$37,500  per  month,  which  has  been  and  will  continue  to  be 
promptly  paid.  This  rental  of  $450,000  per  annum  is  the  unvary- 
ing income  of  our  Company,  derived  from  the  main  line,  and 
the  published  earnings — although  aff-ctiiig  the  profits  of  our 
lessees — in  no  respect  concern  our  stockhoMers,  in  that  they, 
however  much  they  may  vary  in  themselves,  do  not  show  an  in- 
crease or  decrease  of  the  fund  applicable  to  interest  and  divi- 
dends. The  income  from  the  main  line,  tlien,  being  fixed,  it  is  to 
the  earnings  on  our  branch  lines  that  the  stockholders  must  look 
for  future  profits.  In  spite  of  the  general  stagnation  ot  business, 
the  gross  earnings  of  the  branch  and  extension  show  an  increase 
for  the  first  six  months  of  1875  over  the  corresponding  period  in 
1874  of  about  $33,000.  We  are  running  our  cars  into  the  Union 
Depot  at  St.  Louis,  and  have  now  the  very  best  route  from  St. 
Louis  to  New  Orleans  and  tire  South. 

Another  important  benefit  to  the  holders  of  the  preferred  stock 
is  the  operation  ot  the  sinking  fund  of  the  first  mortgage  bonds. 
The  trustees  will  purchase  during  1875  about  $55,000  of  these 
bonds  and  the  operation  of  the  fund  will  take  up  all  outstanding 
bonds  of  the  issue  before  maturity.  Upon  the  extinction  of  this 
mortgage  nearly  $180,000  (now  paid  for  interest  and  sinking  fund 
payment)  will  be  liberated  annually  to  be  applied  to  dividends  on 
the  nreferred  stock — those  that  have  already  accummuUied  to  be 
paid  out  of  any  surplus  over  seven  per  cent  before  anything  cin 
be  paid  on  the  common  stock.  This  renders  the  $55,000  paid  out 
for  sinking  fund  a  virtual  dividend  of  about  2i  per  cent.  Had  it 
not  been  for  exorbitant  taxation  in  Illinois  and  for  the  necessity 
of  paying  one  old  income  tax,  we  should  have  been  able  to  divide 
something  last  year  and  trust  to  be  able  to  do  better  in  the 
future. 

The  director  also  states  that  the  company  has  not  one  dollar 
of  floating  debt  and  has  a  surplus  now  of  about  $76,000  ii  avail- 
able assets. 

Toledo  Wabasll  &  Western. — The  receiver  of  the  Toledo  and 
Wabash  Railroad,  the  Hon.  J.  D.  Cox,  in  reply  to  a  letter  from  a 
bondholder,  says  that  the  net  income  of  the  company  is  sufficient 
to  pay  the  interest  on  its  first  and  second  mortgage  bonds,  but  by 
order  of  the  Court  it  i*  to  be  first  applied  toward  extinguishing  a 
debt  mostly  for  labor  and  supplies,  of  about  $700,000,  which  had 
accrued  wlien  he  took  charge  ot  the  road.  Notwithstanding  the 
great  depression  ot  business,  it  is  anticipated  that  this  indebted- 
ness will  be  extinguished  the  current  season  in  addition  to  paying 
the  ordinary  expenses.  In  May  last  a  committee  of  tlie  bond- 
hold;<rs,  appointed  lor  that  purpose,  visited  the  road  and  were 
satisfied  with  the  condition  of  the  property  and  the  economy  of 
its  management,  and  that  the  road  is  in  as  good  condition,  both  as 
to  trac'k  and  equipment,  as  any  road  in  the  West.  An  effort  is 
being  made  to  induce  the  stockholders  to  uniie  upon  a  plan  to 
raise  the  money  necessary  to  clear  off  the  floating  indebtedness 
and  enable  the  company  to  resume,  at  once,  the  payment  of  inter 
est  upon  the  earlier  mortgages,  at  least  with  strong  prospect  of 
success. 


Union  Pacific  Earnings. — The  Financial  Record  says: 

*'  The  FiNANCiAi,  Chronicle  is  the  recognized  authority  on  cotton  statistics, 
but  when  it  attempts  to  lead  in  publishing  in  advance  the  earnings  of  the  rail- 
roads of  the  country,  it  Is  perhaps  out  of  its  place,  if  tlie  errors  which  occur 
are  any  evidence  of  its  want  of  intelligence.  For  instance,  we  published, 
with  all  other  daily  papers,  from  an  official  source  (as  supposed),  the  compara- 
tive earnings  of  the  Union  Pacific  Railroad  for  the  first  twenty-two  days  of 
June  on  the  28th  ult.,  as  follows : 

1873 $718,095  00 

1874 .'i39,92!j  00 


Increase $178,169  00 

'*The  Financial  Chronicle,  on  the  other  hand,  of  July  17,  sends  advance 
copies  to  all  the  daily  journals,  as  follows : 

fiarnings  for  the  month  of  June,  1875 $930,000 

1874 90J,c84 


Increase $27,116 

"  How  ridiculous  does  it  appear  that  the  road  conld  have  lost  so  much  In 
one  week's  operati<m.  The  Chronicle  should  be  more  careful,  if  it  would 
maintain  Us  high  character.  Such  a  blunder  in  cotton  wf-nld  shake  the  world, 
or  at  least  its  subscribers.  The  Latin  proverb  uf  false  in  one  particular  does 
not  necessarily  imply  a  fault  in  everything  to  the  Chronicle,  for  it  is 
generally  correct  In  its  statistics." 

This  severe  criticism  of  the  Record  is  really  amusing,  as  it 
carefully  avoids  any  direct  statement  that  the  Chronicle  has 
published  erroneous  figures.  It  has  become  a  pretty  well  settled 
principle  of  law  that  belore  a  man  can  be  hung  for  murder  it 
must  be  proved  that  somebody  has  been  killed,  and  before  the 
Chronicle  is  to  be  so  completely  condemned  for  errors,  it 
should  be  shown  affirmatively  that  an  error  has  been  made.  The 
Union  Pacific  figures  for  June,  1875,  were  furnished  at  the  com- 
pany's office,  the  figures  for  June,  1874,  are  given  in  the  last 
annual  report— there  seems  to  be  no  reason  to  doubt  the  accuracy 
of  eitUer. 


Joly  17, 1876.] 


THE  CHBONICLR 


H6 


<i  h  «•  *C  0  m  m  c  r  c  i  0  I  vl  i  m  e  s . 
TOM  VI  KR(1 1 A L  EPITOM E. 

tRiDAT  NiOHT,  Jaljr  16,  1875. 

it  IS  "ot-iweeD  B^asoos"  with  many  brancbes  of  trade,  with  the 
coatomary  Inaetirity,  bat  there  ia  nther  lesa  of  that  feeling  of 
dtpiCMJuu  and  atagnation  wbicli  has  been  noted  for  aome  time 
paal.  Aa  prof^eas  ia  made  towarda  re^ttoriof;  oar  caireocj  to 
a  aonnd  baais,  and  it  ia  seen  that  the  aathority  and  a  porpose 
exist  to  promote  tliat  end,  oonSdenee  reTivee,  and  indications 
i»wi*sii  that  a  bet'^r  trade  mar  he  expected  at  du  distant  daj. 
Tk*  weather  has  generally  eoDtinued  rery  favorable  to  the  ciopa, 
local  atorma  proving  the  oniy  exception  to  the  rale. 

ProTiaiona  have  twen  qaite  irregolar.  Puric  and  lard  have 
declined,  under  an  absenee  of  demaad,  and  wealcenioK  markeu  at 
the  Wpai.  Bot  l>aeun  and  cut  meata  have  been  in  better  d» 
maod,  and  l>eing  in  but  lit!;bt  oupply,  with  current  prodnction  at 
higheost,  more  money  b^abeen  paid, iaeladlag  l>aeon  at  llOlSe. 
for  dty  long  clear,  and  pickled  rib  bellies  at  llf313c  in  bulk. 
Beef  haa  been  qaiet,  but  in  beef  hams  there  has  l>een  more  doing 
at  firmer  priees.  Batter  baa  l>een  steady  fur  One  grades,  bat 
•omo  of  ihe  medlom  gradsa  of  Western  have  dropped  to  export 
piieas,  say  abtnt  180 tSc  per  pound.  Cheese  haa  bean  dull,  and 
priees  have  developed  weakness,  with  good  to  choiea  Sute  fac- 
tories going  at  U(319e.  Tall»w  has  been  laors  activs  at  8  lS-I8(i 
tte.  for  prime.  TiMlay,  pork  was  Inner  at  $30  900990  3.'i  for 
msas  OB  the  spot  and  for  tlie  text  two  msnths.  latfd  was  also 
better  at  ISfe.  (ur  prime  stsam  on  tlM.  soot  and  the  next  three 
months,  trith  sala  forali  the  year  at  12  3-10c,aad  baeos  brought 
lSt<»13ic  for  city  long  deiir. 

Coffee  has  remained  about  steady,  and,  with  light  reeeipu.  the 
Slock  of  Rio  is  rsdueed  to  iiflOO  bags,  but  of  Java  tbe  mock  ia 
n,000  mate;  of  other  growths  the  sioek  Is  ledoeed  to  9.900  bags 
■ad  S,000  maU;  Rio  quoted  at  18i<919|«..  goU,  for  fair  to  prime 
cargoes.  Riea  is  in  rsdueed  stock  aad  firm.  Molaasas  lias  bsas 
■Mderately  astlTa,  tks  sales  includlaff  three  eargoss  of  MalAOSas 
and  thkgut.  90  test,  tUlglMe..  and  the  slock  of  foreign  yesterday 
was  lUXK)  hlida.  flogais  havn  beea  dull,  but  are  not  qaotably 
lower:  fair  to  good  leflniag  <'ob«,  TMSte.;  No.  13  clayed, 8{e, 
and  standard  crashed  refined,  11^  The  movemeat  la  raws  has 
bssa  as  follows : 

Bhda. 

■ilil>lipsat  we*  ..  ISLSn 

fleiae  pe«t  «<«k  ttJMt 

BUKkJa>j  IS.  !»»...., ■■..."n*l««  SKIT  HMn  If 

sues  J«ir  I*.  ISM uswis  !!«•  imjm  ijm 

Kentucky  tobaew  hs*  bsso  act]**  Ibr  •sport  (eniafly  to  Spain) 
awl  firmer,  at  9«Mb.  far  loo  and  MtfMc.  for  leaf  :  the  sales  for 
Ihe  week  embraeel  tjOflO  bhda..  of  whieb  WOO  were  lor  export  and 
ISO  for  eoasumpiion.  The  frrowing  crop  la  reportad  to  have 
rseelvsd  aoms  Injary.  Seed  l»ar  baa  bron  fairly  anlve  and  Arm  ; 
Iks aalas eabfB«s :  Clopor  1870.  84  «•<«  t'lnneetieut  at  7|e.: 
amp  of  1973. 114  cases  do.  at  j-V.,  SI4  csm*  WlaeoMta  at  T^Ct  S8 
CMS*  Hute  at  0{«7c.  aoJ  01  caaas  P*nnsylvaat*  at  TflVi*,;  aad 
crop  of  1874, 10  eaeee  Coaarcticat  at  8c ;  also  800  cases  sundry 
klads  at  tlgKe.  Spanlsk  tobeceo  has  r«l*i  lower  and  fairly 
•etive,  wtlh  satoa  of  000  batss  HavsM  at  97KAf  1. 

'  oU  has  ruled  lower  and  dull,  alOOMNu    Orads  fish 


uSn         tetSn 


oils'iuistaadnaehaaged.  Msabadeaoi|-qaalfdat»aa8i«.  Hidss 
have  bssa  ^M  modaiBta  rsaiesi  aad  firm.  5ew  mackerel  have 
bssa  s«Ura,  Oad  fairly  scura  and  slsady.  Box  herring  scarce 
aad  waMstf.    WbMwy  has  beea  fira  at  (t  H 

TkawhasbasmagaadbasiaaaaiaaesaalialgMfcaaa  tataafer 
both  bertli  aod  eharur  room  haveshawaa  daoldad  ImprBrsmsat : 
but,  toward  the  close,  tbe  former  was  rather  weak,  under  a  llmllad 
Inquiry,  but  the  latter  remain*  firm,  owing  to  the  reduced  sapply 
M  ts»aa«a.  iiata  nagagwDaiiu  and  chartsn  laeladr  :  Orain  to 
Mtwsal.  by  sisam, (mtftLi  to  Loadaa.  bgr  siaam.  IO(«l«Hd.:  to 
OI«V>w,  by  sisam,  ff)d  :  «>  Hall,  by  «saa,  9i«10d.;  to  Cork, 
tor  ordars,  7a  8d.  per  qr.:  v>  Peoartb  Boada,  at  7s.  fiat ;  r«fia«l 
MHolaam  to  tha  Contloent,  .>*.  li44|6sL  M.:  t«  lbs  Baltic.  Os ;  to 
V— las  at  Trtsaia,  «s.  lOiagfia  T»^y  oaly  a  moderate  bustaass 
WM  dsM.  sabMdag  giala  to  Ltrerpaol.  by  slaaai,  at  B«eid. 
dowa  to  7i<i7|d,  elodag  at  the  latlar  talas;  grain  to  Oiaagow, 
by  auaa,  »)d-.  ■»!  pransiona  nt  40i84as;  grala  to  Cork,  for 
ardefa.  7s.  fid.;  aad  to  Paaarth  Boada.  lor  ordasn.  7a.  Sd.;  nffiaed 


Szporta  or  LeatftiiK  Articles  from  Newr  YorK. 

The  folio  wing  cable, compiled  from  Custom  House  returns, sbowe 
(be  exporta  of  leading  articleB  from  tbe  port  ol  New  York  aicce 
January  1,  1875,  Co  allthe  principal  foreign  countriea.and  alao  tbe 
totalafortbe  last  week,and8iace  January  1.  Tbe  last  two  lines 
ahow  to(a^  BO^UM.iacluding  tho  value  of  all  other  articles  beaidrs 
those  mRntioneH  in  tho  table 


H  — 


•  rf_rf  • -5  ^  g   '  -"  -■  fi«««»  "§  ?i 


§11; 


:2  .8  .« 
.-"  :*  :p 


:355i=28i:":g:ig 


•-  •  is 


:9  .  :aSS  :8  :|a  :S  :  ■  :28Se  :  :  :S  :SS 


►ISSI :  :ifl8.?5  i?««*2  rg'SHSSglggSiSa  ;IS 


-s£' 


s«f  r^icf 


i  ti 


•*v 


patroleam  to  tbe  Bahic;  Oa.;  caaa  oil  to  Oorf  a,  ISe.  goM.  aad  to 

ika  Mediterroaoaa,  fiSei  gold. 
Rotia  has  eoatinusd  doD  and  elosss  only  about  steady  at  fl  90 

■^'  75  for  strained  to  good  do.:  most  of  tbo  sxport  boaiasss  is 
ig  doaa  at  Wiimlogua.  where  freiirhta  an>  a*  cheap  and  ths 
last  much  lower  ibaa  at  tbia  markrt.  iipirila  turpenlin-  also 
bsaaqalst,  and  slosss  at  31^  RH>o<>d  petrileum  shows 
k  aaddsasorallasd  sowtttion,  aadar  tbaeoniinu.^1  doloeai  aad 


c*; 


sdrieea  from   ths  aiask ;  spot  and   all   July  de- 
livaiy  naoMd  at  the  eloss  then  was  mora  activity,  with 

•aleaoffiSMOi.  Hi".    Crade,  In  bulk.  U  la  tbe  same 

positiao.  aad  Sloacs  at  Stf^Hc  tor  tpot  and  thU  month's  delivery. 
!■»>*  •g>PS/i»ilil  about  «t«Mly.  with  900X100  pouada  Uke 
•dd  at  ?1|lim|ai1lL  Layer  ralaias  ara  qoiat.  but  at«ady  at 
M)0;  TataMlaa  rilghUy  sasleral  »Mi|e.  Cairnau  O^c..  and 
TMUak  praasa  at  St*L 


Ji«3S  gi:85|P558s5H22:=S 
t  ii|i8:||i=|»i5:«5Sip:2i||m||i=|:| 

hi  HI  i'  ^H  :  :i»  i^'Ul  :88  :i||  SSi  =9  ;§§  i  Se 


S"SS 
liei8aii5;;i«:::28S:gS 


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:  :  :  :  .-II  :«g  :  :« 

is 


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■  see.*        «•  e«* 

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iis  ;;S8  it  itiMSSSS  18888  jp 


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J^ ;  i :  i  i : : :  I  j  i  ;^  i  i  ;| !  i  jl : : 


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66 


ME   CfltlOKlCLtl 


[.tuly  l7,  H:5. 


laiporM  or  IiMidlaB  Artlelea. 

The  following  Uble,  oompil^  from  Castom  House  returns 
•heirs  the  foreigu  imporU  of  leading  articles  at  this  port  8mc« 
Jan.  1, 1875,  and  for  the  same  period  of  1874  : 

[The  qoantlty  t«  gWen  In  pacttajte j  when  not  otherwlas  speclfled.] 


Blaee       Same 
Jan.l,'7S.  time  1874 


OUIna,  Otau  and 
Barthenmue— 

China 

earthenware. 


GUia  plate 

Battone 

Ooal,  tons 

0(Moa,bags.. 

Ooffee,  basa 

Ootton,  bale* 

Dmga,  Ac- 
Bark,  PornTlsc, 

Blea.  powders. . . 

Cochineal 

Cream  Tartar... 

Gtambter 

Oam,  Arabic 

Indleo  

Uadder 

OiU,  essential,. 

Oll.Olire 

Opinm 

Soda,  bl-carb.... 

Boda,aal 

Sodaaah 

Flax  


OannT  cloth 

Hair 

Hemp,  bales 

Bides,  *c— 

Bristles 

Bides,  dressed. 

India  rubber 

Ivory 

Jfawelry,  Ac- 
Jewelry  

Watches 

Linseed 

Molasses 


«.7T9 

'  I9,ai» 
tiia,6Bi 

lS.»4i 
6,78t 
8938 
»,0» 
14,«TS 
891.»ll 
3,806 

l«,8t<> 
17.890 
MIS 
330 
6.U7 
i,597 
2,461 

i,iao 

785 
M,779 

461 
16,200 

at.iii 

89.469 

5,648 
4,315 
1,413 
2,753 
70,895 

901 
8,555 
ai,86S 
2,147 

1,7»3 

433 

478,743 

77,651 


5,82: 

n,068 

237,833 

14.457 

6,017 

8,337 

»,148 

10,758 

8 10,09-1 

2,19U 

19,201 

15.079 

2.92! 

758 

21,813 

2.814 

2.595 

l,tl8 

637 

16,802 

1.014 

S6,5M 

S7,l'.6 

21,053 

5.16- 

3,405 

635 

2,411 

103,6SK) 

875 

4.614 

81,491 

1,155 

1,587 

533 

435,664 

78,357 


Since 
Jan.1,'75. 


Hetals,  Ac— 

Cutlery 

HardwAie 

Iron,  KR.  bars.. 

Lead,  pigs 

Spelter,  lbs 


Steel 

Tin,  boxes — 

Tin  slabs,  lbs. 

Rags 

Sugar,  bhds,  tee.  & 
bbls 

Sugar,  bxs  &  bags. 

Tea  

Tobacco 

Waste :.. 

Wines,  Ac- 
Champagne,  bks. 
Wines 

Wool,  bales 

ArUcUt  reiwUd  by 
valut— 

Cigars 

Corks 

Fancy  goods 

|FiBh 

Fruits,  Ac- 
Lemons 

Oranges 

Nuts 

I    Raisins .. 

!Hide8.  undressed.. 

Rice 


Spices,  Ac- 
Cassia 

Ginger 

Pepper 

Saltpetre 

^oods— 

Cork 

Fustic 

Logwood . . . . 
Manogany . . 


Same 
time  1874 


2,249 

1,7S2 

12,177 

66.767 

604.276 

49,625 

537,511 

4,082,225 

76,758 

425,883 
1,147,016 

eas.ei.i 

30,402 
1,H0| 

54,411 

96,718 
29,6)6 


$909,422 

4S,16S 

519,91)1 

124,971 

834,881 
1,700,724 

5S0.033 

714.687 
6,161,269 

187,793 

149,957 
60,692 
82i,930 
122,364 

181,532 
35,720 

S19,.j!in 
72,627 


2,290 

1,584 

174,4f3 

H0,9!l9 

l,199,m 

60,332 

590,961 

6,619,872 

68,617 

463,660 

723,881 

703,624 

57,201 

2,309 

65,601 
100,951 
27,669 


(11849.'>5 
42.258 
51.-1.943 
102,765 

705.422 
l,a87,8i(9 

788, li3 
1,085,57a 
7,536,6. '8 

593,940 

51,101 

61, -335 

329,405 

217,007 

168,.353 
15,028 

167,170 
65.270 


The  exports  for  the  week  ending  this  evening  reach  a  total 
of  14348  bales,  of  which  9,117  were  to  Great  Britain,  3,387  to 
France,  and  ,3,343  to  the  rest  of  the  Continent,  while  the  stocks, 
as  made  up  this  evening,  are  now  150,637  bales.  Below  are  the 
exports  and  stocks  for  the  week  and  also  for  the  corresponding 
week  of  last  season. 


Kxported 

to— 

Total 

thU 

week. 

Same 

week 
1874. 

Stock. 

Weekending 
July  16. 

O.Brlt. 

France 
~82r 

Contln't 

1875. 

1874. 

New  Orleans 

400 

2,72) 

1,349 

"•Jl'i 

38,173 

Mobile 

1-S12 

!■??; 

.... 

.... 

?-?5 

9,411 

1,411 

113M 

t,»T8 

.... 

1.878 

s.oij 

5,9S8 

.  §'^2 

New  rorlt... 

6,S8a 

59 

3,342 

10.210 

5.5T9 

63,090 

'IS-^.', 

Other  ports.. 

.... 

2,387 

S.3I2 

14,816 

84 
10,217 

23,UUU 

30,000 

Total 

9,117 

150,627 

307,985 

Since  Sept.  1 

1,970,460 

84S,i73 

«8,513 

3,617,216 

2,7«3,2tf 

.... 

.... 

Becelpta  of  Domeatle   Prodoee. 

The  receipts  of  domestic  produce  since  January  1, 1875,  and  for 
^he  same  time  in  1874,  have  been  as  follows  : 


Ashes pkgs. 

Breadstuffg— 

Flour bbls. 

Wheat bush. 

Corn 

Oats 

Rye 

Barley  and  malt. 

Grass  seed.baics. 

Beans bbls. 

Peas bu»h. 

C.  meal.... bbls. 

Cotton bales. 

Hemp bales. 

Hides No. 

Hops bales. 

Leather.  ...sides. 
Molasses..  .  bbls. 
Naval  Stores— 

Cr.  turp.  ..bbls. 

Spirits  turpen. . 

Rosin 

Tar 

Pitch 


Since 

Same 

Jan.1,'75. 

time  1874 

4,639 

6,093 

1,7.36,025 

2,152,280 

10,880,081 

24,043.605 

10,3:6,277 

15,138.733 

4,475..'i81 

6,301,373 

73.090 

432,738 

1.113,797 

600,233 

51,470 

34,404 

38,130 

39,442 

232.79S 

326,649 

69.532 

126,543 

863,931 

527,536 

1,547 

2,28v 

1,171,133 

1.000,492 

7,412 

9,5.16 

2,176.470 

1,961,387 

28,157 

23,408 

4,063 

8,.375 

83,220 

38,687 

3ii0,8ie 

241,287 

16.606 

87,9611 

399 

2,363 

Since 
Jan.1,'75. 


Oilcake pkgs. 

Oil,  lard 

PcsuutB bags. 

Provisions — 

Butter pkgs. 

Cheese 

Oatmeats 

Bgga 

Pork 

Beef 

Lard 

Lard l^egs. 

Rice pkgs. 

Starch 

|dtearine 

iSugar bbis. 

Sugar hhds. 

TaHow ...pkgs. 

Tobacco    

Tobacco hhrts. 

Whiskey bbls. 

Wool bales. 

Dressed  Hogs.  .No, 


Same 
time  1874 


131,5.30 

91,521 

3,700 

1,718 

■86,082 

82,143 

479,444 

447.957 

761,078 

679,611 

190.348 

227,954 

267,816 

318,267 

97,956 

85,859 

16,5S5 

15,239 

172,707 

168,701 

8,710 

23,818 

11,406 

12,189 

191,751 

195,191 

11,919 

13,288 

41,200 

12,894 

584 

8.0S3 

22.021 

95.279 

108,260 

28,901 

59,711 

91,668 

132,846 

3U996 

39.778 

46,822 

106,793 

OOTTON. 

Friday,  P.  M.,  July  10,  1875. 
By  special  telegrams  received  to-night  from  the  Southern  Ports 
we  are  in  possession  of  the  returns  showing  the  receipts,  exports, 
&o.,  of  cotton  for  the  week  ending  this  evening,  July  16.  It 
appears  that  the  total  receipts  for  the  seven  days  have  reached 
3,468  bales,  against  6,531  bales  last  week,  6,108  bales  the 
previous  week,  and  9,708  bales  three  weeks  since,  making  the 
total  receipts  since  the  first  of  September,  1874,  3,467,933  bales, 
against  3,783,677  bales  for  the  same  period  of  1873-74,  showing  a 
deereate  since  September  1, 1874,  of  314,744  bales.  The  details  of 
the  receipts  for  (bis  week  (as  per  telegraph)  and  for  corresponding 
weeks  of  five  previous  years  are  as  follows: 


BaaalTsd  this  week  at- 1    1B7!S. 


New  Orleans  ... 

Mobile 

Charleston 

Port  Koral.Ac, 

Sarannao '.. 

UalTeaton.  ..  „. 
Indlagola,  Ac... 
Tennessee.  Ac 

Florida 

North  Carolina. 

Norfolk 

City  Point,  Ac. 


.bales. 


Total  this  week.. 
TotalslnceSept.l... 


825 
%:i 
421 
95 
33i 
338 

1 
B48 

7 
189 
4St 


3,463 


S,4S7.<S3 


1,409 
317 
9M 

'876 

281 

38 

3,033 

5 

217 

3,079 

112 


9.1KI 


3,783,577 


1873. 


1,838 

833 

1,579. 

1,740 


1,571 

to 

199 

3,5ii9 

417 


13,883 
3JS53,189 


1873. 


470 
77 
610 
S8i 
« 
600 

'"7 
1,091 


8,267 
3,699.935 


6,900 
780 

1,809 
929 

2,532 

1,577 
■316 

1,099 


15,338 
3,945,833 


3,145 
436 

1,236 

3,584 

1,012 

l,4-,'3 
31 
101 


Lt^"  Our  telegram  from  New  Orleans  to-night  shows  that 
besides  the  above  exports  the  amount  of  cotton  on  shipboard,  and 
engaged  for  shipment  at  that  port,  is  as  follows  :  For  Liverpool, 
1,500  bales;  for  Havre,  1,500  bales;  for  Continent,- 500  bales ! 
for  coastwise  ports,  1,000  bales  ;  total,  4,500  bales  ;  which,  if  de- 
ducted from  the  stock,  would  leave  20,500  bales  representing  the 
quantity  at  the  landing  and  in  presses  unsold  or  awaiting  orders'] 

From  the  foregoing  statement,  it  will  be  seen  tbai,  compared 
with  the  corresponding  week  of  last  season,  there  is  an  increase 
in  the  exports  this  week  of  4,629  iiales,  while  the  stocks  to- 
night are  57,358  baled  less  than  they  were  at  this  time  a  year 
ago.  The  following  is  our  usual  table  showing  the  movement 
oi  cotton  at  all  the  ports  from  Sept.  1  to  July  9,  tlie  latest  mail 
dates : 


PORTS. 


New  Orleans... 

Mobile  

CharlcBton*  ... 

Savannah 

Galveston*  .... 

New  York 

Florida 

No.  Carolina,., 

Norfolk' 

Other  ports. . . 

Total  this  year. 

Total  last  year. 


BBOBIPTS 
SIKOa  BBPT.  1. 


■  XPOaTBD  SIMOB  SBPT.l  TO— 


1974. 


993.043 
318.326 
439,!i07 
5117,170 
360,166 
156,077 

12,578 
100,833 
40i.433 

79,138 

3464,463 


1210,077 

215,414 

431, 51H 

612,465 

391,206 

194,131) 

12.923 

61,5cl3 

491,633 

49,918 


Great  1 


1873.    Britain.  France.  For'gn     Total 


5^1,763 
8«,S15 
19;,6ti6 
263,678 
2U7,193 
333,036 

14',325 

63,82<) 
83,133 


1381,343 
17S7,409 


246,8J5 
8,130 
41,084 

8«,coa 

2,498 
11,551 


Other  I 


151,682 
36,377 
34,279 

132,914 
10,167 
41,682 


980,050 
131,312 
273,021 
422,592 
220,65  i 
416,299 

15,375 

87,2!  2 
105,345 


2832,400 


Coast- 
wise 
Porta. 


161,815 
191,058 
167,3:8 
191,661 
141,433 

12,573 

85,<108 
339,708 


1293,569 


1,613    3759,003    1116,219     213,474 


28,5;9 
.1,3-23 
6,1»4 
1,S33 
8,453 
97,160 

'877 
3,808 
30,500 


163,5 


*  Oaderthe  head  of  Cfi/trtestnn  Is  included  Port  Royal,  Ac;  under  the  head  of 
Oatvestonls  Included  Indlanola,  &c.;  under  the  head  of  NorfoUc  is  included  City 
Point,  &c. 

The  course  of  the  market  for  cotton  since  Monday  is  precisely 
the  reverse  of  that  of  the  last  half  of  the  previous  week.  There 
was  a  further  advance  of  ^c.  in  spots  on  Saturday,  but  Monday 
developed  dulness,  and  for  the  three  days  following  there  was  a 
decline  of  \q,.  each  day,  at  which  with  gold  and  exchange  a  frac- 
tion higher  there  was  a  fair  business  for  export.  To-day,  there 
was  a  further  decline  of  ^c,  making  ^c.  since  Monday,  and  the 
demand  quite  limited.  For  future  delivery  there  has  been  an 
approximation  to  a  panic,  with  the  greatest  decline  in  the  early 
months,  which  had  been  forced  up  in  anticipation  of  a  comer 
during  August.  All  indications  of  such  an  event  seem  to 
have  been  dispelled,  and  dull  advices  from  Europe,  a  slow  busi- 
ness with  home  spinners,  the  decline  in  gold,  and  favorable 
reports  from  the  growing  crop,  have  had  no  check  upon  their 
depressing  influence.  Today,  there  was  a  further  decline  of  1-16 
@Jc. ,  with  great  activity  and  excitement,  many  operators  closing 
out  their  pui  chases  for  the  autumn  months.  After  Change  there 
were  sales  at  14Jc.  for  Aug.,  14  9-16c.  for  Sept.,  14ic.  for  Oct.  and 
Jan.,  14  7-16c.  for  Feb.,  14fc.  for  March,  14  13-16c.  for  April  and 
15c.    for     May.       The    total    sales    for    forward   delivery    for 

the  week  are    155,850  bales,   including free   on  board. 

For  immediate  delivery  the  total  sales  foot  up  this  week  6,324 
bales,  including  1,675  for  export,  4,618  for  consumption,  81  for 
speculation  and  —  in  transit.  Of  the  above,  —  bales  were  to 
arrive.     The  following  are  the  closing  quotations  : 


New  Classlflcatlon. 


9,471 
2,854,081 


Ordinary per  lb. 

Sood  Ordinary 

LowMlddllng 

Middling 

Good  Middling 

MldiUmg  Fair 

Fair 


Uplands. 

Alabama. 

New 
Orleans. 

i3>ia... 

\1%».... 

13ya.... 

14  a.... 

14  a.... 

i4«a.... 

14V«.... 

14X».... 

i6xa.... 

isxa... 

15M0.... 

isxa.... 

15«9.... 

i5xa.... 

16  a.... 

lexa... 

161*».... 

16X®.... 

\i%%.... 

i6j<a.... 

UKa.... 

Texas 

i3<Ka.. 
i4)4a.. 

15X9.. 

i5xa.. 
16  a.. 
i6Ha.. 


Below  we  give  the  sales  of  spot  and  transit  cotton  and  price  of 
Uplands  at  this  market  each  day  of  the  past  week  : 


8ALKS.                                  \ 

PKIOBS. 

New 
ClassUlcation. 

Bxp't. 

-825 

1,000 

50 

Con- 
sump.- 

Spec- 
uia'n 

■■'a 

3 
"JO 

Tran- 
sit. 

Total. 

Ord'ry 

Good 
Ord'ry. 

Low 
Mldl'g. 

Mid 
dllng 

Saturday 

939 
613 
836 
1.397 
294 
459 

1 

839 

6,n 

889 
2,022 
1,314 

13X 

11^ 

11^ 

t5X 

14K 

14X 

I'iSJ 

Tuesday 

Wednesday 

Thursday 

Friday 

Total 

1,675 

4,613 

81 

.... 

6,334 

.... 

.... 

.... 

Julj  17,  1875] 


THE  CHKOKICLE 


6t 


FW  ionnird  (totlT^ry  the  wl^-  <  fre«  on  board) 

h«T«i«MlMd  darinf  thswMk  1jj.:j.  i  (all  low  mlddliB{{  or 

on  the  b*M>  ot  low  iaid<llia<),aad  thetollowinK  la  a  sUlement  of 
Iha  lalM  aad  prieaa  : 


tm-intr. 


mt.m..M»-n 

W» U  l*-W 

M* Ml-fi 

m>. J*  i-M 


uHi 

...u  ii-n 

....Ul*4< 


UMtelal  Jaly. 

rar  A«c«M- 
«,*l "im 

MM un-ji 

ijm. -...UK 

aa M4& 

iW. ..i» 

IJ». Bl 

«^ai u  i-i* 

tiJM. UMt 

«a. 15K 

ijn UM 

tjm. uai* 

«jw. am 

m. ia»a 

MM. I3*-M 

uai isiiai 

■M ..mi 

KM. UttM 

WM M>U 

!.»■ Ut»«l 

4MHie<alA««. 


«  U  l-U 

...u  vai 

MJM  total  a>pt. 
Far  OetolMr. 


IJM.. 


tJUt  . 

I»  . 
IJM.. 

»JOu.. 
MM.. 


IJM„ 


S: 


MM. 
I>0.. 


M  ITH 

It  ».t« 


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MMM 

Mii-a 

::;uia 

uit-m 


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..  U  tt-*i 
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IM. 
HLIMIMlUOCt. 


tS:: 


For  VoToahor. 

—  ...  MMt 
....U  l-l* 
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»•  ►»! 

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It  %*t 

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UH 

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.  ..  M  Ht 
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WMMalSar. 


^^ 


eu. 
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..U  Mi 
..MS-M 

.11  i!.a 

u'llB 

It  iva 
..II 


1 

Ha 

MM IIM 

_ft:;::::-;'!.i':ii 

lUM  total  Dee. 

par  Junary. 

W II VM 

MM •■tii 

IM Ut-a 

Ml. itVU 

■a :iii-u 

....II  ail 
.......tM* 

...M  l»M 

MH 

....MK« 

It  a-M 

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..  .:...:« 
...  lt»« 


MM  total  Jaa. 

f»t  r<braarT. 

M*. U7-lt 

Ml tl  IMI 

atH 

....It  nm 
II  at* 

....II  tut 

:.;:iiiJa 

...  It  MM 
,...11  »« 

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U 


l,<00. 

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aju. 


et*. 
rorltaRb. 

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UK 

...It  t»^ 

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11 

IS  l-U 


•U IM 

too II  tli 

tJM  lolal  Marafe. 

Por  April. 

Ml nun 

Ml ltU-l« 

IM Il«>-M 

ao B 

Ml UIM 

IM. It  l-U 

m u»« 

IM ua:* 

Ml aiM 

UU UK 

IM imJ 

UM  total  A«fU. 


For 


ft: 


!% 


.  .M 
Jll« 


a:::::::u£a 

«• a'fji 


.MH 


I.IM  total  May. 

_»:::::: 

Mi  total  J 


UN 

a  ii-ai 
.uai« 


.It  I  u 

•  UM itaaii— • 

I  MM -..Ii^l   UHlalairab. 

Tha  iollowtsf  •xehaog*  ha«  b«ea  mad*  duriBg  iha  weak : 

tM  Jair  far  A«c.  araa. 

Tbo  foUowiac  will  ■!««  ipot  qaiWHuM  aad  tk*  elMtaf  priow 
bid  (or  f aiaraa  at  th«  aaiTOTaJ  data*  aaMail : 


lAW  BiBotnra  erLAaoa-ota  oi,aiarno4'no>. 


loealiiiea 


Wbathbb  Bbtowts  bt  TKLBOBAra.— Oar  Ul«rrania  to-night 
■how  la  gaaaral  that  tka  tKf  eoatlaaaa  lo  Make  vorr  tarorabU 
profiMB.  Thaf»  are,  bowwfw,  ladteaiioaa  of  a  !■■•  aatlafaetory 
la  a  fcw  aaBtliMiL  lae  miMh  lata  Mac  wpaciad  la  aoMa 
mi  too  llttia  ta  oihora.  Oar  MoMto  aafNapOMdaai 
apcaaraaea  of  eaterpiitafa  ta  eanata  im— tl<a  et  Ala 

Ther  lUTe  aot  yet  doaa  any  harm.  aad.  with  dry  weather, 

an*  aot  likely  to ;  bat,  with  aa  exeeaa  of  rata,  they  woald  aooa 
five  eaoae  for  aoslely.  The  talnlall  haa  all  tbia  MDath  ba««  ia 
tlM  natam  of  local  aliowen  aod  ixn  at  all  aolfora.  Wo  aaa  that 
oar  Taxaa  tal^niaiaa  aia  aore  favorable  to-aigbt ;  aod  at  MeMpkia 
tha*  hatra  had  aylaadld  •bowera,  wUleb  war*  ao  saeh  aaadad. 

Oalimlm,  TaaMi— W*  hare  bad  alifht  ahowara  oa  two  daja, 
hat  tha  aattra  raialhll  haa  oalr  raaohad  faar  haadiadtlM  of  aa 
laeh.  Thaia  It  a  gaaaral  aaad  of  lala,  thaafh  aoMoa  haa  aaa- 
lalaad  ao  lajoty  aa  yet.  ThaBrM  balaoCaawaottoa  waa  raedvad 
hat*  to-day  from  tha  Klo  Oraada.  Tha  ItlwamiMlai  haa  aroraaad 
W,  tha  hUhMI  baloc  M  aad  tha  lowaat  78. 

Jii  if  aa  3a,  Thaaa.— It  hM  ralaad  hara  oa  two  day*,  with  a  lala- 
tell  of  twaaty-lra  hoadtadtha  of  aa  laah.    Wa  atUl  waat  lala, 
ia  aot  ilaMa«a<.    Tha  Iral  hala  ot  aaw  oettaa  ' 

kvaragad  89, 

thla 


looalvad  hara  yaotarday.     Tha  thinwoMotii  haa  avara 
tha  hJchaat  balac  M  aad  Aa  lowaat  78. 

CWwuoaa.  2Vm«.— That*  haa  baoa  ao  iila  hara  thli 
WetwIthMaadlag  tha  laall   lalafall  darlas  lala  waaka 


II   lalafall  darlaf 
daaa  aot  aMMV  to  ba  lajarad.    Tha  than 
Mk  tha  hUhM  kataf  IM  aad  the  kn'wt  TIl 

JViiM  OHmmZMutmtm,  There  wata  thfaa  lalay  daya  tha  paat 
waak.  loeal  ihowMi,  tha  talafall  raaoUae  thlrteea  haadredtha  of 
aa  laeh.    Armmff  tbanaonater.  M. 

Fie*ifr«irf .  iriM«i<p)i<.— There  waa  oaa  lalay  day  here  tha  paat 
waak,  tha  lalalkll  r— ahlag  loartaaa  haadredtha  of  aa  lach. 
Crop  pwynta  aia  Mill  flattariof.  ATeiaco  thanaomotar  84, 
McMot  VTaad  lowaat  88. 

mrmmmt.  XMWaaa.— There  haTO  baan  rery  few  illgbt  ahowara 
4aHaa  tka  aai^  part  of  Ika  week  aad  laloU  Deeded  badly  to  eome 
lacallnta,    Ahora,  tka  aata  nop  la  aatttely  ipoUed  from  want  of 
tare.    Bala  w,  tka  paaapim  ara  atUl  flna  bat  araa  tbeia  ratali 
A^waga  ikatMMaaur  68.  hlfhaat  104,  lowea:  75. 

i<Mfpfi    Tha  wrathar  hara  the  paat  week  baa 
dry.    Tha  thermometer  haa  avanged  81,  the 
;  M  aad  tha  lowaat  73. 
,  Arkmim,—yf»  hara  had  ao  nla  daring  the  paat 


week  aod  crops  are  baginninir  to  suffer  from  the  want  of  it. 
Average  thermometer  W,  highest  100,  lowest  73. 

JVoMeiU*,  TVnneatM. — We  bad  rain  on  fonrdays  the  past  week, 
the  rainfall  reaching  two  and  sevent7.one  Uaadredtbs  inches.  The 
thermometer  has  areraged  80,  the  highest  being  92  and  the  lowest 
TO. 

MemphU,  TeAnt*»e«.~yf«  had  three  rainy  days  the  past  week. 
The  crop  ia  developinK  promisingly.  Average  thermometer  83, 
highest  »3  and  lowest  74. 

MMle,  Alabama. — There  was  one  rainy  day  here  the  past 
week,  ahowery,  the  reat  being  warm  and  pleasant.  Accounta 
with  regard  to  the  crop  ara  less  favorable;  in  some  localitiea 
rain  is  netdad,and  in  othar  aeetions  they  are  having  too  much 
rain.  CaterpilUrs  have  appeared  in  Dallas,  Marengo,  Willeox, 
Antonga,  aud  Butler  eonntiee,  Alabama,  bat  the  injury  done  is  aa 
yet  limited.  Total  rainfall  for  the  w>«k,  forty-nine  hundredtha 
o(  an  IdcIi.    Average  thermometer  86,  highest  97  and  lowest  75. 

Montgtmtry,  Alabama. — There  were  ahowera  on  two  days  the 
nut  week ;  what  rain  fell  was  not  aafficient  to  do  much  good. 
The  crop,  however,  ia  atill  developing  promisingly.  Total  rain- 
fkil  tor  tha  week,  tbirty-flve  hnndredtha  of  an  inch.  Average 
thanaoaMtar,  87,  bl^heat  OS.  lowest  75. 

Ahaa,  Alabama. — There  haa  been  no  rain  the  paat  week,  tha 
weather  being  warm  and  dry.  The  crop  ia  developing  promia- 
iaglr.    The  tUermometar  haa  ranged  between  85  and  99. 

JfadfMa,  Jbrida. — There  was  one  rainy  day  here,  the  rainftill 
laaehlag  ooo  and  aevantean  handredths  inches.  The  hot,  dry 
weather  the  first  of  tha  week  caoaed  aome  ahadding.  Average 
thtrmometer,  88.  li'ghaat  93,  loweat  8L 

Maeoit,  Osorgia. — There  was  one  rainy  day  here  the  past  week. 
Tka  IkiBMiiaiWiii  haa  areraged  M,  the  higheat  being  90  and  tha 
lowaat  78. 

.^Uoafo,  ChoTfia. — There  were  thunder  ahowera  on  three  days, 
bat  the  reiaaioder  of  the  week  waa  pleaaaot.  Total  rainfall,  two 
and  twelve  hnndredtlia  iaehaa.  Average  thermometer  84,  hlghflot 
»4  aad  loweM  75. 

Cttumbut,  Otorjia. — Tit*  weather  the  paat  week  has  been  warm 
aad  diy ;  aome  eomplalnta  of  drought  have  reached  as.  Average 
tharmomatar  87.  higheat  90,  lowest  76. 

■  SisaaaaA,  (/sor^i/i. — Warm  and  dry  weather  the  past  weak, 
with  oaly  oae  rainy  day,  the  rainfall  on  that  day  reaching  fifteen 
kaadradlkaof  an  inch.  Average  thermometer  85,  higheat  100, 
lowaat  78. 

.ilnfiMCa,  Otvrfim. — Tha  weather  the  past  week  haa  been  very 
wara,  aad  rain  ia  needed.  Rain  tell  on  one  day  to  the  extent  of 
(•or  kaadfadtha  of  an  Ineh,  bat  waa  not  eaoogh  to  do  any  good. 
Taaor  «t  erop  aaeoanu  atmat  the  same.   Average  thermometer  84. 

CMaHM**,  8^M^  Car«Kaa.-^It  rained  slightly  on  one  day  thla 
weak,  the  raiatall  reaching  only  three  buodrMltha  of  an  inch. 
Avoraga  thermometer  87,  highest  97  aod  lowest  76.  The 
waatkar  kaa  been  extremely  warm  and  dry.  Cotton  is  doing 
wall,  hat  aooM  rain  ia  aaadad. 

Tka  following  atatement  we  have  also  reeeived  by  telegraph 
ihowlBg  tha  baight  of  tha  rivers  at  the  pointa  named  at  S  o'clock 
thla  afiomooa  (Friday,  July  16).  Wa  give  laat  yaar'a  fignraa 
(Friday,  Joiy  17, 1874)  for  eompariaoa  : 

^-Jair  M,'7»->#  ^Jair  n.Tt.-. 
Flat.      loch.       W99tm      laeb. 

KawOi1aaaa..IUlowblch-«atarBark 7  e  10  11 

MwstMl A  bora  low-wSMr  wir* t7  10  «  10 

WllhilUa.  ...Abara  lew  wOW Mark Mitt 

Vtskskorg  ...Aberatow-walar^uk H  R  is  0 

Maw  ffi leans  rapartod  halow  high-watar  mark  of  1871  until 
Sept.  9,  1874.  wh<<a  the  sera  of  gauge  araa  ehsngad  to  high-watar 
■ark  of  April  15  aod  10,  1874,  wkleh  la  6  lOiha  of  a  foot  above 
1971.  or  18  feet  above  low. water  mark  at  that  point. 

Mbw  Caor  Corrox. — By  talegrapb.we  learn  that  New  Orleana 
kaa  raaatvad  ali  balea  of  aaw  cotton  this  week,  five  being  the 
glDwtk  of  Texaa,  aod  one  the  growth  of  LoolaUna ;  and  that  Gal . 
vaoion  rtaslTad  a  new  hala  to-day  from  the  Bio  Orande,  and 
ladlaaala  oaa  ycotarday. 

Tha  Iva  halan  of  Kio  Oraade  cotton  ware  reealTed  at  New 
Orlaaaa,  Tharsday,  the  I5th  loat.,  br  railroad  from  Braabear, 
hariac  taaehart  Bnahear  by  ateamahip  the  aame  day.  Laat 
year  oar  record  ahowa  ihn  shipment  of  the  firat  bale  of 
Texaa  cotton  to  have  been  from  Brownsville  July  9,  reaching  New 
TorkJuly  17;  the  flrat  arrival  from  Texaa  laat  year  at  New 
Orlaaaa  w^  Jnly  18,  aod  for  tha  previous  year  July  10. 

Bo*  tka  aMM  rataarkokla  avant  of  the  week  waa  the  receipt 
oa'^lM'WIV  laat.,  at  Haw  OrMaos,  of  a  bale  of  new  cotton 
wotfkiax  400  Ibo.  from  tha  Pariah  of  Bt.  Laodre.  The  New 
Orlaaaa>r4M  Omrrtnt,  la  apaaklng  of  it.  aaya  :  "Our  cotton  circles 
wara  aoat|itataly  taken  by  anrpriee  this  morning  by  the  receipt  of 
a  bate  of  new  eottoo,  not  from  Klo  (iraade,  aa  uaual,  but  from  St. 
Laadia JMrtah.  ahlpped  by  Mr.  Joaeph  Baraad  from  his  planUtlon 
oa  tbo  ^Nhaw  Tkera  caa  ba  no  mhrtaka  about  the  bale  being  all 
of  the  new  erop.  It  la  wall  ginned,  of  good  color,  claaaing  mid- 
dling lair  to  fair,  new  daasifieatloo.  and  weighing  upward  of  400 
ponnda.  Wa  leom  that  thla  cotton  is  moatly  from  Mr.  Berand's 
plaalatloa,  hat  reaeived  liberal  contributions  from  his  neighbors, 
who  Wara  larnlahed  by  him  with  the  seed,  which  is  of  an  unusu- 
ally early  variety,  known  aa  the '  Herlong,'  aaieeted  with  tha 
anticipation  of  retting  an  early  yield."  The  bale  waa  purehaaad 
by  Colonel  W.  N.  Owen  at  the  price  of  80  eenla.  (right  ior  pra- 
alam  lo  be  awarded  for  first  bale  belog  reasrved  to  the  planter), 
who  forwarded  It  by  expreaa,  July  14,  to  Ifaaara.  Bliaa,  Bennett  i 
Co.,  New  York.  The  flrat  receipt  at  New  Orleana  of  Loaiaiaoa 
cotton  laat  year  was  on  August  13. 

Mr.  W.  E.  Blisa,  of  Meaars.  BllM,  Bennett  &  Co  ,  haa  informed 
aa  that  bia  hooae  expeeta  to  receive  this  new  bale  of  Louisiana 
cotton  to-morrow  momliig  (Saturday)  at  about  10  o'clock. 


68 


THE   CHRONICLE. 


iJuly  17,  1875. 


Monthly  Motexentof  Cbop. — Below  we  give  our  statement 
of  the  moDtbly  movement  of  the  crop  brought  forward  to  July  1. 
To  reach  the  fiffures  for  the  past  mooih  of  this  year  we  take  the 
total  in  our  Uble  of  mail  returns  of  July  1  (3,457,034  bales),  which 
uble  brings  th«i  6gureH  down  to,  and  including  July  3  ;  from  this 
total  we  Bubstract  1,0613  bales,  the  receipts  (according  to  the  Cotton 
Exchange  circular)  for  July  1  and  3,  which  shows  the  arrivals  at 
the  porta  to  Jul?  1  to  be  8,456,878  bales.  If,  now,  we  deduct  from 
this  the  arrivals  up  to  June  1  (3,4(X),803  bales)  we  have  remaining 
56.010  bales  as  the  receipts  for  June,  1875,  against  59,501  bales  in 
June,  1874.  Ac. 

aOHTBLT  MOVmOKT  or  OBOP. 


MoittMg  Btet^. 


September. 
October..  .. 
November  ■ 
December.. 


Total  to  Jan.  1 . . . 
Janaary 

Total  to  Fieb.  1... 
Febmarr 

Total  to  March  1 . 

March 


Toul  to  April  1. 
AprU 


Total  to  Hay  1 

May 

Total  to  Jane  1 

Jane 


Tmr  beginning  SepUmber  1. 


1874. 

134,876 
Baa,M3 

799,086 

3,106,676 
444,0S2 


2,550,787 
88I,S-J4 

3,98t,0»l 
SS1,433 

3.I8S,4S) 
1!|3,598 

3,819,062 
81,780 

8,400.862 
66,010 


Total  to  Jalyt 3,456.874 


Tear's  port  receipts .... 

'Overland 

iSouthom  consumption . 

Tear's  total  crop 


1873. 


U5,S86 
S6^S33 
576,108 
811,668 

1,668,349 
70-2,168 


a,560,517 
432,688 

3,043,305 
333,703 

3,375,908 
J73.9R6 

3,649,694 
127,S4li 

3,677,210 
69,501 


3,7.36,741 

3,804,290 
237,572 
128,626 


4,170,388 


Percentage  of  total  port 

•ceipts  received  Jan.  1 . . . . 
Percentage  of  total  port  re- 
ceipts received  Feb.  1 . . . . 
Percentage  of   total   port  re- 
ceipts received  March  1. . 
Percentage  of   total  port  re- 
ceipts received  April  1 

Percentage  of   total  port  re- 
ceipts received  May  1 

Percentage  of  total  port  re- 
ceipts received  June  1 

Percentage  of  total  port  re 
ceipts  received  July  1 

Percentage  of   total  crop   re- 
ceived Jan. 1 

Percentage  of  total  crop  re- 
ceived Feb.  1 

Percentage  of  total  crop  re- 
ceived Harcb  1 

Percentage  of  total  crop  re- 
ceived April  I 

Percentage  of  total  crop  re- 
ceived May  1  

Percentage  of   total  crop  re' 
cclvedjuuel 

Percentage  of  total  crop  re 
celvedJnlyl 

Half  the  port  receipts  received 

On  which  day  receipts  were . 

Half  the  total  crop  received. 

On  which  day  receipts  were. 


18:8. 


184,744 
444,003 
630,153 
524,975 


1,638,875 
569,430 


1871. 


82,078 
829,449 
461,609 
620,374 


2,253,305 
462, 55i 

2,716,857 
309,307 

3,025,164 
118,879 

3,244,043 

173,693 


1,885,651 
346,594 

2.232,146 
208,033 


2,440.228 
135,977 

2,576,205 

77,88; 


3,417,736 
72,602 

;j,490,338 


3,651,346 
141,600 
137,662 


3,930,508 


4884 

67-30 

79-99 

88-74 

93-31 

<>6  66 

98-22 

44-56 

61-39 

75-37 

80-94 

85-12 

88-17 

89-60 
Jan.  2. 
1,909,958 
Jan.  11. 


1,393,806 
492,246 


2,654,072 
39,636 


2,693,758 


■i,732,286 
122,065 
120,000 


2,974,351 


46  11 

61-71 

-74-38 

82-85 

88-84 

93-60 

9659 

42-83 

57-32 

6909 

76-96 

82-63 

86-95 

88-80 
Jan.  8. 
1,822,585 
Jan.  16. 


1870. 


123,817 
855,099 
514,142 
626,n4 


1,648,272 
627,281 


2,275,653 
608, 58K 


2,884,142 

428,107 


3,31-2,249 

276,588 

3,588,817 
193,030 


3.781,84; 
128,845 


3,910,69: 


4,03'M54 

228,923 

91,240 


4,352,311 


153,904 
333,601 
367,813 
500,105 

1 ,355,423 
420,123 

1,775,.546 
372,318 

2.147,664 
246,5-24 


2,394,388 
193,540 

2,687.928 
177,995 

2,765,923 
.'9,484 


ST4Tlia — 


^-1875.-^.— 1874.--^  ^1878 ,  . — 1872 ,  . — 1871. — .  ^1870.-^ 

June  Jul)/  June  July  June  July  June  Aug.  June  July  June  July 


1. 


N.  Carolina. 
S.  Carolina..    97 
Qeort'lv .     .    91 

Florida 94 

Alabama  ...  101 
Mississippi.  100 
Loaisiana  . .    95 

Texas 90 

Arlcaui'as . . .  90 
Tennessee  ..    99 


Acreage . 
CroD  


1. 
95 
99 

97 
101 
102 
103 
103 

93 
104 
109 


9,251,471 


I. 
89 
81 
80 
DO 
82 
78 
70 
98 
75 
90 


1. 

102 
88 
91 
96 
92 
87 
73 

102 
94 
97 


1. 

85 
88 
<t4 
98 
93 
92 
9t 
86 
92 
90 


99 

83 
80 
78 
96 
96 


1. 
99 


94 
96 
105 
100 
104 
100 


104 
98 
107 
112 
101 
103 
96  96 
99  104 
8,767,557 
8,930,508 


1. 
90 


82 
103 


1. 

99 

100 

82 


84 
90 
93 


81 
80 
75 
93 

83  90 
90  96 
7,711,69U 
»,974,«61 


1. 

94 

96 
101 

98 
102 

95 
101 

97 
101 

85 


1. 

98 

98 
100 

93 
100 

98 
100 

98 
100 

98 


-i,825.407 


2.083,11511,978,164 


60-99 
69-01 

81-69 

89-31 

94-28 

97-10 

98-59 

46-84 

63-43 

7504 

82-04 

86-61 

89-33 

90-66 
Dec.  29. 

1,375,784 
Jan.  5. 
1,486,893 


40-87 


66-43 


75-28 


82-14 


8900 


93-79 


3,154,946 


46-56 


60-99 


73-78 


82-25 


88-89 


95-01 


96-99 

9706 

37-87 

42-96 

62-28 

56-27 

66-26 

68 -07 

76-10 

76-89 

82-4S 

82-02 

86-89 

8T-67 

89-85 

89-65 

Jan.   18. 

Jan.  8. 

2,011,601 

1,454,9I« 

Jan.  26. 

Jan.  18. 

2,169,295 

1,575.389 

8,933,8-23    9,;02,8I5       8,767,557       7,711,696       8,78.^,545 

^^_^ 3,860,000    4,170,888       8,930,508       2,974,!i61        4.852,817 

\^'  In  place  of  the  figures  for  July,  1872,  we  give  the  August  statement  of 
thai  year,  as  we  have  not  the  July  statement  by  us. 

The  Bureau  adds,  that  some  portions  of  the  cotton  area  were 
afflicted  with  drouglit,  which,  however,  was  less  injurious  to 
cotton  than  to  other  crops.  Its  injuries  were  mostly  compensated 
by  the  opportunity  it  afforded  for  the  better  working  of  other 
crops.  In  Texas  cut  worms,  cotton  caterpillars  and  grasshoppers 
were  injurious  in  gome  localities.  A  low  isolated  reports  also 
mention  cotton  lice,  but  insect  depredations  so  far  have  not 
stTected  the  crop  to  an  extent  wort>k  estimating. 

BOMBAT  Shipments. — According  to  our  cable  dispatch  received 
to-day,  there  have  been  4,000  bales  shipped  from  Bombay  to 
Great  Britain  the  past  week  and  7,000  bales  to  the  Continent, 
while  the  receipts  at  Bombay  during  the  same  time  have  been 
3.000  bales.  The  movement  since  the  1st  of  January  is  as 
follows.  These  are  the  figures  of  W.  Nicol  &  Co.,  of  Bombay, 
and  are  brought  down  to  Thursday,  July  15 : 

^Shipments  this  weelc— ,  <— Shipments  since  Jan.  1—,  . Receipts , 

Great       Con-  Great       Con-  This      Since 

Britain,    tinent.    Total.     Britain,    tinent.    Total.       weelc.    Jan.  1. 

1875 4,000        7,000      11,000      769,000    390,000   1,165,000        3.000  1,222,000 

1874 11,000        3,000       14,000      735,000    357,000   1,09-2,000        5,000   1,196,000 

1873 16.000  ...       16,000      633,000    191.000      829,000        2,000      910,000 

Prom  tlie  foregoing  it  would  appear  that  compared  with  last 
year' there  is  a  decrease  at  3,000  bales  this  year  in  the  week's 
shipments  from  Bombay  to  Europe,  and  that  the  total  movement 
since  January  1  shows  an  increase  in  shipments  of  73,000  bales 
compared  with  the  corresponding  period  of  1874. 

QuNNT  Bags,  Bagging,  &c. — Domestic  bagging  has  met  with 
more  dnmand  tlii-s  week  and  the  tendency  of  prices  has  been  rather 
upward.  The  sales  during  the  week  here  and  in  Boston  are  1,000 
rolls  and  1.500  half  rolls  at  from  13  to  13^0.  cash.  Thtre  is  also 
a  report  of  500  rolls  and  l.OGO  half  rolls  tor  August  delivery  at 
13Jc.  cash.  Nothing  doing  in  India  which  is  nominally  9J@10c. 
Borneo  IS^c.  Bags  are  nominal,  no  sales  having  been  reported. 
440d  held  at  13^.  cash.  Jute  butts  have  been  in  fair  but  not 
urgent  inquiry  at  3|(a3  15-I6c.,  with  sales  the  past  week  of  1,300 
bales  landing,  at  2|c.  time.  Store  parcels  continue  about  3,300 
bales. 

Visible  Sdpplt  op  Cotton  ab  Made  cp  by  Cable  and  Tele- 
graph.— Below  we  give  our  table  of  visible  supply,  as  made  up 
by  cable  aiid  telegraph  to  night.  The  continental  stocks  are  the 
tiirures  of  last  Saturday,  but  the  totals  tor  Great  Britain  and  the 
afloat  for  the  Continent  are  this  week's  returns,  and  consequently 
brouf  hi  down  to  Thursday  evening  ;  hence  to  make  the  totals  the 
complete  figures  for  to  night  (July  16;,  we  add  the  item  of 
exports  from  the  United  States,  including  in  it  the  exports  of 
Friday  only. 

1875.  1874.  1873. 

Stock  at  Liverpool !,047,nOO  1.004,000  896,000 

Stock  at  London 107,750  122,500  802,750 


We  have  also  worked  out  and  added  to 
percentage  received  at  the  ports  up  to  July  1  of  each  previous 
year's  total  port  receipts  and  total  crop.  'Taking  the  five  years 
together,  the  average  receipts  at  the  ports  to  April  1  were  97-29 
per  cent  of  the  year's  total  receipts  at  the  ports.  If  we  should 
apply  this  average  to  tliis  year,  the  total  receipts  at  the  ports 
would  be  3,5.53,000  bales  ;  adding  then  350,000  for  overland  and 
Southern  consumption,  we  should  have  a  crop  of  3,903.000  bales. 
Or  if  we  consider  that  this  year's  movement  up  to  this  month  is 
represented  by  the  largest  percentage  of  port  receipts  of  any  year 
in  our  record,  that  of  1871-2,  when  it  was  98-59  per  cent  as  given 
above,  then  the  total  port  receipts  for  1874-5  will  be  3,506,000 
bales,  which,  with  350,000  bales  added  for  overland  and  Southern 
consumption,  would  make  a  crop  of  3,856,000  bales. 

AosicuLTURAL  BUREAU  Repout  FOR  JuLT  1. — The  Agricul- 
tural Department  has  this  week  issued  its  report  of  the  condition 
of  the  cotton  crop  on  the  first  of  July.  Below  we  give  the 
Bureau's  figures,  adding  those  for  the  month  of  June  and  July 
each  year  since  1870.  The  percentages  of  average  condition  have 
risen  since  the  Jane  report  in  Nortli  Carolina,  3  per  cent ;  South 
Carolina,  2  per  cent;  Georgia,  6  per  cent;  Florida,  7  per  cent; 
Alabama,  1  per  cent ;  Mississippi,  3  per  cent  ;  Louisiana,  10  per 
cent ;  Arkansas,  4  per  cent ;  Tennessee,  10  per  cent,  and  Texas 
itas  declined  8  per  cent. 


Total  Qreat  Britain  stock  1,154,750 

Stockat  Havre 170,500 

Stock  at  Marseilles 9,500 

Stock  at  Barcelona 75,000 

Stock  at  Hjimhurg 14,250 

Stock  at  Bremen 45,500 

Stock  at  .Amsterdam 3P,250 

Stock  at  Rotterdam 10,000 

Stock  at  Antwerp 4,750 

^,        ,             ,  ,     .-        Stock  at  other  continental  ports 16,000 

the  above  table  tne  

Total  continental  stocks 383,750 

Total  European  stocks 


....  1.538,500 

India  cotton  afloat  for  Europe 601,000 

American  cotton  afloat  for  Europe 124,000 

Egypt.  Brazils,  Ac,  afloat  for  Europe....  29,000 

Stockln  United  States  ports 150,627 

Stockin  Dnlted  States  intenor  ports 13,503 

United  States  exports  to-day 2,000 


Total  visiWe  supply 


..  2,468,630 


1,126,500 

163,750 
14,000 
74,000 
28,000 
45,.500 
87,500 
27,750 
13.000 
42,000 

495,500 
1,6-23,000 

556,000 
90.000 
83,000 

207.935 

29.057 

1,000 

2,589,042 


1,098,750 

151,450 
14,500 
51,000 
36,500 
57,250 

104,000 
37,000 
29,500 
83,000 

564,000 

1,662,750 

406,000 
170.000 

56,000 
177,561 

28,8C5 
3,000 


2.501,116 


Of  the  above,  the  totals  or  American  ami  other  descriptions  are  as  fol- 
lows ; 

American— 

Liverpool  stock 611,000 

Continental  stocks 198,000 

American  afloat  to  Europe 124,000 

United  States  stock 150,627 

United  States  interior  stocks 18,503 

United  States  exports  to-day 2,000 


461,000 

363,000 

290,000 

256,000 

90,000 

170,000 

207,985 

177,661 

29,057 

88,805 

1,000 

3,000 

Total  American bales.  1,099,130 


1,085,042 


998,866 


July  17,  1876] 


THE   riimONICLE. 


69 


t  Atdbm,  Brail,  Sc 


187S. 
SS3.000 

*oe.iioo 

S«,000 


INkM 

ToUlTtHblanpply tale*.  I,«8.a0  t,MM<*  1,301,116 

rriM  MlddUv  DpUada.  Unrpoei Td.  SKOSyd.  Syd. 

Thaae  tgatfrn  indicate  m  deertatt  in  the  eottoa  in  aifrht  to- 
niflrhl,  of  180,413  ImIm  m  compared  with  '.he  mme  date  of  1874, 
and  a  daertat*  of  49,480  bales  a<  compared  with  the  correspond- 
lac  date  of  1878. 

MoTBitKim  OF  Oorrow  at  trb  Imtbrior  Ports.— Below  we 
(ive  th«  morementa  of  cotton  at  the  interior  porta — reeeipU  and 
•hipaeBta  Inr  the  week,  and  stock  to-aight,  and  for  the  eorres 
poodiaC  iTMk  of  1874 : 

^WeekaadfasJaly  U.  19-.^WMk  eadlM  Jaly  IT,  *T4.-. 
Bse*lpta.8Ufasals.  Steak.  B*calpU.8hlpa«au.  Block, 
m  n»  !.■•  107  111  8,3U 

a         lu         an  tt         im       i,«r 

U  n  l,4«D  M  tt  M» 

»  us  IM  U  HI  KT 

II  111  *»  «  H  5T1 

m       um       vtaa         «m       i,i7«      wjuk 

U  Oi  Mtl  1»  Ut  KM 


risahTin* 

Ta«al.aM.. 

AUsata... 

SLLaalL..... 


ni 

M 
u 


Ml 


tu 

l.«M 

lis 

« 

n 

M 

'M 

tM 

aLtti 


ii«i 


Te«il.aew. 


1.4M 


\jm      it,Mft 


TmbLsB. 


Ml*      »Liia 


UM 


The  above  totala  shovtikat  thaold  Interior  steek*  \i%f44»rmmi 
darioff  the  week  8.4W  balea,  and  are  to-aivht  l^.V^l  balaa  Um 
tkaaat  the  saoie  periol  laa*  jaar.  The  reoelpu  have  baaa  SSI 
balaa  iasi  ihao  the  saiai  week  last  year. 

The  espofU  of  aouoa  this  week  (roB  Now  Tork  akow  aa 
iaetaaaa.  aa  eoaparad  with  laat  weak,  tha  latal  raaeklac  10>I0 
balaa,  aicalnst  •,118  balaa  last  week.  Below  we  five  oar  aaoal 
teble  showing  the  exporte  »'  eottoa  from  New  York.aad  ih^lr 
dlraelloa  for  each  of  the  last  foar  waeka;  also  the  tolal  es- 
porte  aa4  dtfawlaa  alaaa  Sept.  1, 1874;  aad  la  iho  laat  eolama 
Um  total  for  thaaaaa  period  of  th*  prsrloaa  year. 

■■Farte  •! C— —(fcalaa) nr—  Waw  Tark alaaa aapl.!.  1ST4 


(NlMrlriaabParta..... 

Tal«l  t*  ««.  Brttafai 

■arre 

OikM  rreaeh  pasta 


latal  VraaMh 


Tolal  t*  n.  Barapa. 

loMirs. 

Total  apala,  *a... 
«raa4  Total 


tIM 


tikiia 


Jaaa 


*jm 


'?." 


Ml* 


MUM      MM      ■.lU    i«,M*    tajn 


My 
It. 


Mi 


TMsl 


IMW 


U.«M 
tt.Ui 

mm 

».MI 


«*,Tir 


MM 

um 

i 

r.m 


Tkatollowiag  are  the  laaaipto  el  eottoa  a*  Maw  Tork,  Boatea' 
Philadelphia  aad  Baltlmora  for  the  laat  waak.aad  alaaa  8a»t.l.'74: 


aaoBTsraoa- 


rtb 

rikOMaHaa. 

VMala.. 

NsslVnil 


fbfalaB 
fMaltUaysar 
Tbtrilaat  yaar. 


■aw  Toaa. 


This 


MM 

"mm 


aia 


:i«,M7 


1^ 

iBSw 

wmm) 


This 


■la 
■apLL 


4 

IM 


<71t 


Mjn 

M^tM 

nita, 

TUM 

Mjn 


;tt.ii« 


tijm 


mjm 


tijai 


This  Staea 

wask.lSaM.1. 


MI 


itui 

UlMl 

*u|au» 
riiib 


ii«.n» 


•■irpiHa  Nbw*.— The  exporte  ol  eottoa  from  the  Cnltad  BlaMa 
tba  paat  week,  aa  par  iuUtl  mail  ratnrns,  hsTs  rnaehed  31,279 
WIee.  So  far  aa  the  Boathara  ports  are coneerDiK], these  are  the 
■ania  exporte  raportod  b/talafraph, and  pabllahed  in  TbbCbbox. 


ICI<B  laat  Priday, except  Qalveston, and  the  figures  fortbat  port 
are  the  exports  for  two  weeks  back.  With  regard  to  New  York, 
we  include  the  manifests  of  all  vessels  cleared  up  to  Wednesday 
Bight  of  this  week.  ^oui  bales. 

Niw  Toax— To  UTerpool,  per  steamers  Oemunlc,  1.S88 The  Queen, 

m  ...  Citr  of  Cheater,  l,1«7....WroniiD{,  l,««....peraUp  (ilen- 

eon«,10U 6,839 

To  Hsrr>i,  per  steamer  Vllle  ds  Ptri;,  W 59 

To  Bremen,  per  •teamer  Necksr,  3M 854 

To  asmboiy,  per  steamer  Cimbria,  149  149 

To  AautetdiuD,  per  neamer  Rotterdam,  100 300 

To  Antwerp,  per  steamer  Stelnmann.  S3 53 

To  CroofUdt.  per  Meamer  I'olonbo,  1,010 l.CW 

To  UeliinKfora,  per  barkHomboraand,  l.tW \,iM 

Nsw  Ou.aAii*— To  UTerpool,  per  steamer  Memphis,  t,m per  ship 


Zephyr,  S,MM 6,M0 

llaTreLi  ■ .'.'' 

BALTmoaa— To  LlTetpo<ri,  per  ataamer  ScaadiaaTlan,  TW 


Tol 


.per  bark  Oeaa.  1,M1 


To  Bremen,  per  steamsTNarBberr,  l,tM l,Ht 

BocTOic -To  UTerpool.  per  stsaaMfHelTstU,  m KS 

Pim-mauaia— To  Aatwstp.  par  steawisr  TtMilana M 

Total n,jm 

Thestrtlealaraol  theae  shipments,  arranged  in  onr  nsnal  form 
are  aa  follows: 

liTsr-  Bre-  Ham-  Amster-  Ant-  Cron-  Helping- 
pool.  Bana.  aea.  bore.  dam.   werp.  ctadt.    fors.  Total. 

5swTork i3S  M      8M      tS      lOO        53    I.OM    1,4H  ia,i40 

XewOitaaoa. CMS    Mil     T.Wl 

BalUaore..                 TM              1.536                               t,8H 

Boa'oa. TM     TH 

PhUadslphla 80     80 


Total. 


.14,631  i,m  i,an     itt     loo     la  1.010  i,4m   ii.fl» 


Below  we  giro  all  news  reeeired  to  date  of  diaaawta,  Ac,  to 
raasela  carrying  oottoo  from  United  Steles  porta  : 

SaauoLs,  eu ,  from  Sersniuh  lor  Boetoo,  which  pat  Into  Norfolk  JuM  W, 
diaahlad,  aailed  for  boaloa,  Jatj  li,  in  low  ot  atesmer  Commsrea,  to  be 
repaired.    The  8.  srrlead  at  Boslon  Itth. 

Xtaasaa.  TweiTs  handred  aad  twaaty-slz  balsa  ot  cotton  hsd  bsea  forwarded 
to  UTsrpool  rron  tba  wreck  of  lbs  ship  Itlacara,  from  New  Tnrk  for 
LWerpaol.  wracked  a  Baiyksad.  ap  to  /one  iT.  480  bslea,  la  addlttoa 
to  the  aboTa,  ware  reoovasad  ea  tba  Mth. 

Fuiais  B-atk  batk,  horn  New  Oftetaa  for  LlTerpool,  before  rspsftsd,  was 
dlaabsulagitargo  at  Kay  Waal  Jeac  M.  U  was  first  deemed  aafllclml 
te  lake  oafbat  a  poclloa  of  tba  etnio  between  decks  and  make  temporsry 
lapalia.  aad  Ibe  Tiiaal  prnesad  oa  her  Tpya«e:  bat  after  breaklag  oat 
eottoa  la  the  lower  bold  for  s  fnrlhor  (urTey,  It  was  roand  that  the 
~  was  Tsry  asaeh  bsalail  and  the  lowrr  llrr  wal,  the  rsaaal  taTlDg 
badly  when  arrlTtag  thnc,  and  It  wsa  deaoicd  asesssarr  to  dls- 
cfeaqss  the  entire  eari«.  Csalken  sod  carpenters  ware  at  won  on  the 
resasL  ae  thai  aodatay  will  be  oceuioaad.  aad  wbaa  It  is  Ibaaaht  safe 
lo  pal  Ibe  canio  back  Into  the  Teasel,  she  wlU  ta  ready  lo  raaalTa  !•« 
The  aadsiaillaia  srs  lepiaaaatad  by  Mr.  Laaaal  Brown,  of  New  York, 
the  owaar  af  lbs  atfaaatr,  aad  ha  not  betuaola  teasrae  npoa  tba  Tains 
af  the  ssaTlesa.  the  csae  baa  been  earrlsd^te  tbe  eoart  and  was  betng 
bawd. 

Uottoa  f raighta  the  paat  week  have  been  aa  loUows : 

-LlTerpool . — HaTre. — ,  , Rramea .^Bambaig.-^ 

Slaam.     Ball.    Btaam.    Sail, 
e.  a.  c         e. 

Wconp.  Xcoap.    .. 

Stamf.  Ncomp.    .. 

Mcomp.  Koomp.    .. 

Iiooaap.  ..  Keomp.  ., 
Maoap.  .  Naoap.  .. 
Mceaip.    ^       Mastap.    .. 

IjiTBRrooL,  Jaly  IS. — I  P.  U.— Br  Cablb  rsotc  Litbrpoou— 
The  market  has  ruled  dall  to-day.  Balaa  of  tbe  day  wese  10,000 
bales,  ot  which  3.000  balea  were  for  export  and  speculation. 
Of  to4lay'a  salaa  6,000  bales  were  American.  The  weekly  moTo- 
ateat  la  glvaB  as  lollows : 

JaaeM.         Jal 
Salee  or  the  week balsa,   mjn 


or  whMhezporterslaok.... 

of  which  spsca'atorawak-., 
^lal  stack 

ol  whkh  Aasrican 

TsatI  bapert  of  the  week. . . ... 

el  whkfc  Aawlasa  ........ 

<  sisal  aipnai       


\R 


i.a 


LMO' 


at,oM 

MJM 


July*. 
6S,<«0 

T.OM 
ItOO 

1000 

i,im,oo9 

614,000 

8n,(no 


H,ao  MJM  8n.nn  63.«w 

^«  Nfi  "cSS  %ss 

».§■  HMM  HMM  4M000 

icaoo  tttno  m,om  h.ooo 


Jnty  16. 

51.000 

5,000 

11,000 

t,OM 

1,047.000 

611.000 

6s.«oa 

11.000 

Kk«M 
MMOO 


SMH 
MM 

(a.ia 

of  whiah  Aaarlaaa .  IMSDO 

The  faBnwl^  labia  wUi  siMW  the  dally  cIosIbs  prices  of  cotton  for  lbs  wsek- 
■alar.         Mea.        Teas.       Wsdaea.      Tbara.         Pn. 
Mld'tCBiaada.  ..a7V       •■•7)<  T  t-lt       ..%l%        T  1-16       ..AT 

do   OAsaaa..    Tl-tS        TT-M         ..^^S        15-16        7  5-16       ..^TV 

BOBOrmAB  Corroif  MARKrrs.— In  relerence  to  theae  market* 
oar  oorraspoadent  In  I<oadoo,  writing  under  the  date  of  July 
3,  187.1,  atetas: 

LlTBRFOj^,  laly  1.— The followlag  are '.bo  prioea  of  middling 
qoanUN  NOOltaa.  compared  with  those  of  laat  year: 

.-PKirA       ^Onod  a  .-Bama  date  1874- 
^Ord.a  Mid—      g'd  rair—        KIne.—      Mid.  rslr.  Good. 
16         16  l»       «       tt       54        IS       M       M 

Mjt      l%%        17       18       M        ..         17       18 
I..  Mid.      Mid.     Q.MId.  Mid  r.   Mid.     G.MId. 
T  IM         TW  TN  6V  t% 

7  1-16     t1-16    7M  7M  •>1*       >■*< 

7  1-16     T  5-IS    T  »-l6     I  

7  I  16     7  7-16    8  6X  8  7-16     *\ 

Blaoe  the  eommeacameat  oi    tbe  year  the   transactions 
spaeulatlon  and  for  export  have  been  : 

,— Aetnslezp.from  Aetna! 
LIt.,  Ilnll  Aotber  ez^'trrom 
ontports  to  dstr— 


noctdeda  .. 
Ofd. 

••* 

Tsaas  ...  *% 
■.Ori'ns.  tK 


Opiaad. 
Mobile.. 


O.Ord. 
6-4 


H 
M.P. 

9 


on 


o-Takea  ea  spec,  to  this  date-. 
1874. 


W7B. 


Aaericaa Ut,6M 

Braaillan 4,IM 

^yp4laa.*«.  IMM 
M.  fa«a,*a.  1.640 
I.  radte  *e.  9M40 


ties.        balee. 


I8.0M 

»,7M 

I.1H 

40,tM 


1878. 
tales. 
81110 

ita 


MO 

a.MO 


\tfn. 
balss. 
41M8 

U,TM 

IPM 

t,4l6 

110.111 


1874. 

balea. 

M1M 

10,760 

8.010 

6.811 

lW,57t 


Total 111.590         101.180         1»,7M        18I,«1S         184,M5  988.160 

The  following  stetement  shows  the  sales  snd  importii  ol  eotlsn 
lor  the  week  and  year,  and  also  the  stocks  ou  hana,  on  Thundiy 
aresing  last : 


70 


THE  CHRONICLE. 


[July  17  1875. 


•ALM,  VTO.«  OF  &1X  DB80R1PTIOH8. 


Trade. 
Aiuadcan.  .balM.ll6.8S0 

BraztUan 8,3« 

B;;yptian 8,S«0 

Smyrus  &  Qrcok  I  ^m 
Wcs' Indian....)  *" 
Bast  Indian 8.980 


Chin  week, 
Kx-  Specula- 
port     tlon.  Total 

1,000 

SO 

lao 


a.6M 

40 

1«0 

3,510 


S40 


SO.IW 
6,870 

3,2W 
(  CO 
I       550 

ll.O-JO 


Total  Same 
this  period 
year.  1874. 
8tl5.770  1,107,810 
240,680    209,200 


Average 

weekly  ealet 
1815.      1874 


138.«(i0 

1,880 

44.1)80 

453,71)0 


196.230 
2,3901 
41,30f 
480.170    1 


8i,510 
SP,fjW 
G,400 


1,330 
:,500 


37,04C 
u,820 
8.71.0 

1,000 

10.480 


fotal. 


..<t.SM> 


6,990      1,520 
Imports.' 


American^ 


BrasilUo......  13,134 

Kgypilan  «^. . 
Burriu.AO'k 


To  this  To  this 
This  data  date 
VOOk.  1875.  1874. 
M,!H3  1.263,711  1.3.Vi,n4 


48,410  1,770,930  1,990,890  60.790     61.100 

■Stocks. , 

Same 


. Indian . 
■t  Indian.. 


Total. 


Total. 

1874. 

1,94^,0)0 

491,010 

297,124 

2,6;i8 

97,TS8 

81S,C'53 


This 
day. 

622,290 

117,680 

86,930 

1,9'0 

7,870 

193,800 


date 

1874. 

484.660 

162,050 

99,910 

2,0701 

81,560  ( 

220.100 


Dec.  31. 

1874. 

274,780 
Si,rrK 
73,660 

23,430 

230,270 


1(1,874 


3,658,673  1,030,040    993,^)50     6a4,710 


BRE  A 


.iNjtu 


-■XPORTB  FROM  KKW  TORK.— — < 


The  movement  in  breadsluffs  at  tliia  market  has  been  as  fol* 
lowB  : 

, BSOmPTB  AT  »»W  TOBK. 

, 1876. .        Since 

Fertile     Since         Jan. 

week.  Jan.  1.  1,  !?71. 
Plour,  bbls.  68,808  1,738,025  2.1.^2,230 
O  meal, "  .  766        69,.'SS2       126,54) 

Wheat,'on8.1,204,977  10,83i,0«l  24,013,605     _ -     .         .  „„.  „,^ 

Corn        "  .    376,964   10,326.277  lD,l.'i8,78«     145,330    6,203,246  1,026.405  11,093,610 
Rve        ".  150        73,0<K)       432,798  -"..-. 

''    •       ■■       .80,273    1,113,797        600.2.33 

160,296    4,475.681     5,301,373 


-1R75.- 
Forlh       Since 
week    .  Jin.  1. 
43  739       irti8.563 
2.4U         91,618 
837.847  11, 536.434 


1974. 

For  the      Since 

week.       Jan.  1. 

37,812    1,281,256 

6.638        113,245 

•3.104  21.564,228 


1,583 


105,687 

110 

63,379 


8,789       513,451 
362         65,665 


Rye. 
•Barley  ' 
Oats  .. 

•  In  "  Receipts  at  New  Tork"  Includes  also  malt 

The  loUowinK  tables  show  the  Orain  In  sight  and  the  more- 
ment  of  UreadstuSs  to  t\i«  latest  mail  dates : 

BBCEIPTB  AT    LAKE   AND  RIVBB   PORTS    FOR  TBK  WKKK   RNDINO 
JULY   10,   AND   PROM  AUG.    1   TO   JULY   10. 

Flour.    Wheat        Corn.       Oaw.      Barley.      Rye, 
bbls.        Inish.        bush.       bnsh.       bash.       hosb. 
<l»61bs.)  (6nibfi)    (56lh9.)    (321h..)  (481b».)  (58  Ibo.) 


Uyrt 
The 


PFS. 

.  ■  FiUDAT.  P.  M.,  July  16,  1815 
Then  has  been  for  the  past  week  vnueual  activity  and  buoy- 
ancy In  ^M  flmir  market,  the  sales  approximatini;  180,000  bbls., 
and  the  (id%^  being  from  25c.  to  40?.  per  bbl.  The  greatest 
Improvemewt  has  been  in  shipping  grade.«,  far  which  the  demand 
ho*  b«eniino«t  aotive.  There  were  free  sales  early  in  the  week  at 
$5  4D(^a  60,  but  yesterday,  some  15,000  bbls.  of  extra  State  sold^ 
part  for  arrival  at  $5  75@|5  90.  Minnesota  patents  have  also 
been  active  and  buoyant,  but  flour  from  winter  wheat  has 
responded  but  partially  to  the  upward  course  of  the  market. 
ftour  is  higher,  and  corn  meal  has  met  with  a  brisk  demand, 
supplies  of  wheat  iiour  are  moderate  at  all  points,  and  the  pro- 
duction  is  usually  small  for  this  season  of  the  year.  To-day 
there  was  a  further  advance,  with  sales  including  a  line  of 
;!,100  bbls.  of  a  favorite  Wisconsin  shipping  extra  at  l|G,  but  at 
the  advance  there  were  more  sailers  than  buyers. 

The  wheat  market  has   also  experienced  a  decided   advance, 
with  eager  buying  for  arrival  at  the  advanced  prices.     A  break  in 
the  Erie  Canal,  near  Palmyra,  that  will  detain  boats  for  several 
days,  was  announced  early  in  the  week.    Foreign  advices  at  the 
same   time   began   to   report   an  advance,  and,  notwithstanding 
some  unfavorable  circumstances,  there  was  from  Monday  an  ad- 
vance of   about  8@10c.    per  bushel,  but  in  Winter  wheat  prices 
improved  in  the  same  time  only  335c.  per  bushel.     At   the  close 
last  evening,  wheat  on  the  spot  and  to  arrive  from  this  side  the 
break  in  the  canal,  was  in  demand  at  $1  27@|1  28  for  No.  3  Chi. 
cago,  $1  30   for  No.  3  Milwaukee,  and  |1  34   for  No.  1  Spring— 
the  highest  figures  in  many  months  past.     Receipts  are  very  fair 
at  the  West,   crop  accounts   have   been    moderately   favorable, 
ocean*  freights  have   advanced,  and   gold  has   declined,  but  the 
stronger  foreign   advices   have  been   the   most  potent  influence 
To-day,   there   was   renewed  activity,  on  reports   of    continued 
rains  in  England,  with  sales  of  half  a  million  bushels,  closing  at 
$1  30@|1  31  for  No.  3  Chicago,  $1  33@$1  34  for  do.  Milwaukee, 
and  |1  37@fl  38  for  No.  1  Milwaukee. 

Indian  corn  has  been  quiet  and  prices  a  little  weak,  until  yes 
,.  terday,  when  there  was  a  better  export  demand  and  a  flrmer 
feeling,  with  sales  of  fair  to  prime  steamer  mixed  at  80J@32e., 
and  prime  sail  do.  at  83c.  There  is  no  change  in  the  general  situ- 
ation as  it  affects  this  staple.  Receipts  continue  much  smaller 
than  last  year,  but  stocks  are  ample  and  crop  prospects  lavorable, 
so  that  the  general  feeling  in  the  market  is  a  quiet  one.  To-day, 
there  was  an  advance  of  Ic.  on  the  spot  to  81@84c.  for  fair  to 
prime  mixed,  and  100,000  bush,  prime  tell  mixed  gold  for  August 
and  September  at  85c. 

Rye  is  held  higher  at  $1  for  Canada  in  bond,  but  little  is  done. 
Canada  peas  quiet  and  nominal.  Barley  malt  selling  mainly  on 
time,  at  regular  prices. 

Oats  have  quite  broken  down,  with  sales  of  prime  mixed  at 
60c.  ill  store  and  60J(361c.,  afloat.     Stocks  at  this  point  are  large, 
trade  is  slow,  and  the  new  crop  is  making   rapid  progress.     To- 
day, the  market  was  flat. 
The  following  are  the  closing  quotations  : 

Floor.  r  Grain. 

No. V  b\>l.-ii  40®  4  90    Wheat-No.3 1pring,bueh.«l  22a  1  27 

BupcrftneStateand  West-  )     .^o.  2  spring 1293  134 


Chicago...    30,315 

Milwaukee 23,037 

Toledo 600 

Detroit 6,-3.33 

Cleveland 2  575* 

St.  Louis 10,810 

Peoria.     1,«00 

Dnluth ...  2,750 


•370,366 

669,680 

lOn.499 

3.5.444 

6,050 

47,994 

(",.320 

38,301 


519.876 
9.520 

115.832 
4,5.'5 
6.300 

44,532 
33,600 


125.R8( 
l'.l,«64 
20,160 
2,S85 
13.000 
84,618 
2'i.900 


609 

1,385 

350 


400 


650 
1,680 


218 
1,520 


1,273,631       731,185       243,141         2.744  3,822 

1,204,103    1,070,039        364,296         6,572  2,M0 

1,605,209    I,a50.n4        3;4,6I5          1,667  13,8)3 

1,378,084        979,300        679,766          4,9.35  23,842 

.■i25  20t!    1,921,303       234.225       19,136  10,816 

793.771     1,499,029       231,354         8,801  51,713 

919,216       821,0.37       366.891        14,554  83,276 

ToUl  Aug.  1  to date...6,01 5.240  58.721,786  41,912,9S0  21.590,42!  5,728  717  1,148,472 

Same  time  1873-74.  ..5,S54,072  80,991,71)2  59,797.266  25.726,262  5,950.173  1,721,323 

Same  time  1872-73. ...5,1509,034  51,309,614  56,376,517  27,2S9,375  9,104.523  1.853,728 

Same  time  1871-72... .4,897.8ij9  38,500,699  05,089,878  28,232,626  6,328,451  2,728,604 


Total 7S.370 

PreviouBweek 84.021 

Oorresi/'ng  weok.'74.  90,482 

•'           '73.  105.214 

"           '72.  61.687 

'(1  98,3.58 

70.  71.161 


*  Eetimated. 

8HIPMBNT8  of  Flour  and  Grain  from  the  ports  of  Chicago, 
Milwaukee,  Toledo,  Detroit,  Cleveland,  St  Louis,  Peoria  and 
Duluth,  for  the  week  ending  July  10,  1875,  and  from  Jan.  1  to 
July  10: 


Flour,  Wheat,  Corn, 

Weekending—  bbls.  ^uf»h.  hneh. 

July  10,  1875 91.921  1.862.494  819.536 

.July  3,  1875 93,361  2,145.131  791,319 

Corresp'ng  week  1874  89.495  198,593  2,211.412 

Oorrcsp'ng  week  1873  121,112  1,3!6,378  1,234.814 

Corresp'ua;  week  1872  60,792  599,461  2,114,821 

corresp'ng  week  1371  106,8.56  8.33.491  2,311,831 

Total.Jan.  to  date....  2,196,730  20,8S4,.384  16,831,283    6,978,297 

Same  time  1874 3.039.139  31,031.47193.055.256         -~      - 

Same  time  1873 3,152,138  lj,i30,,387  211,413,913  11,31.5,859  1,513,430 

8«mfitimelST2 2,011,128    6,380,325  32,204,071    8,911,531     971,187 


Barley,       Rye, 

bush.        bnab. 

4530         5.U5 

6.057         2,770 

2,510         2,266 

14,741        17,339 

10,067       60,526 

6,345        23,3j7 

887,941      276,665 

8,188,(41  1,237,2.58  2,356,908 

-  -  --  ■■-      629,181 

631206 


Oa^s, 

bn«>i, 

248,108 

403.391 

.365,832 

713.813 

615,585 

222..5.39 


BR0RIPT8  OF   FLOUR   AND  ORAIN   AT  8BAB0ARD   PORTS   FOR  THB 
WBBE  BXDING  JULY  10,  1375,  AND  FROM  JAN.  1  TO  J0LY  10. 


Flour, 

At—  bbls. 

NewYork 61,760 

Boston 19.061 

Portland 1,300 

Montreal 23.949 

Philadelphia 20,050 

Baltimore 11,678 

NewOrleana 22,763 


Wheat, 
bush. 
1,082,650 
58,650 

2Sfl|685 

118,000 

78,000 


Com, 
bush.  * 
472,278 
91,063 
6,000 
21,800 
96.000 
72,500 
153,746 


Oats, 

bush, 
131,551 
34,70!) 
800 
28.913 
■66,700 
20,500 
42,670 


Barley, 
bush. 


Rye, 

bnsh. 

879 

400 


300 


Total 160,566    1,568,985       918.382  316,110  ....  1,579 

Previous  week 189.633    1,558.618       748.731  3-36,485  120  1,922 

Cor.  week '71 153,993    1,816,341    2,072,881  413,992  7,675  10,2:17 

Total  .Tan.  1  to  date. 4,659,681  19.230,655  26,710.924  8,743,784  306,261  138,896 

Snma  time  1874 5,5  M.431  .33.277,3^0  28.273.553  9,151295  720,905  623,220 

Same  time  1873  4,626,231  13,724.683  21,933.148  12,394,856  1,112,881  449,165 

Same  time  1^72 4,038,946    5,.372,710  39,037,394  11,122,650  1,288,169  371,016 

And  Montreal— Peas,  30,117  bush. 

Thb  Visible  Sopply  of  Grain,  including  the  stocks  m 
granary  at  the  principal  points  of  accumulation  at  lake  and 
seaboard  ports,  and  in  transit  by  rail,  July  10,  1875  : 


Wheat, 
bush. 

In  store  at  NewYork 550,119 

In  store  at  Albany    9,100 

In  store  at  Buff-ilo 337,751 

In  store  at  Chicago 1,421,254 

In  store  at  Milwaukee. 467,113 

In  store  at  Duluth 55,601 

In  store  at  Toledo 529.902 

In  store  at  Detroit 122.956 

In  store  at  Oswego* 130,000 

In  store  at  St.  Louis 291,294 

In  store  at  Peoria 43,437 

In  store  at  Boston 1,151 

In  store  at  Toronto 11.3.465 

In  store  at  Montreal 251,1  6 

In  store  at  Philadelphia* 180.000 

In  store  at  Baltimore* 90,471 


Lake  shipments 

Rail  shipments 

On  New  York  canals. 


....  1,418.975 
413.519 
....  1,810.708 


Corn, 

bush. 

1,162..596 

23,000 

409,675 

2,739,749 

18,481 

692,'l6fi 
2-l,ai;9 

25,000 
155.306 

7i,469 

44,233 
200 

17,434 
200,000 
401,897 
605.467 
211.069 
539,785 


Oats, 
bush. 
823,461 

87,300 

42.2.35 
325,997 

51,167 

48.897 

23.178 

5.000 

21,3.32 

39,274 

98.416 

60,224 

12,745 

20.000 

12.000 

128,472 

119.636 

163,982 


Barley, 
bush. 
1,163 


7,8*3 
2,384 


450 
'655 


2,317 


Hye, 
bnsh, 
44.323 
12,500 

l!i9i 
3,937 


1.024 
582 

1,812 
100 


4,680       5,U6 


5  00.]^  5  40 
3  733  5  95 


em 

Extra  State,  Ac  

Western  Spring    Wheat 

extras 6  76(8  6  00 

doXXandXXX 6  25ia  6  85 

do  winter  wheat  Xand 
XX  5  76a  8  10 

City  shipping  extras.  ..      6  00®  6  60 

City    trade  and   family 
brands 6  75©  8  00 

8outhe>n  bakers' and  fa- 
mily Brands      7  OOa  8  So 

Soothern  shipp'g  extras. .    6  16^  6  15 

Rye  flour,  saperflne 6  25a  5  75  > 

Commaal— Western,  &e.    4  10.%  4  40  I     State 

Corn  meal— Br'wine.  &c.   4  75®  4  85  I  Peas- Canada 


Total 

July    .3,  1875. 
.       ..  -  .-„  -  ..  .July  11,  1874  . 

No.  1  spring 1  38a  1  38 

Red  Western 1  828  1  37        *  Estimated. 

Amber  do ..  1  a8a  1  40 

White 1  40®  I  45 

Corn-Western  mixed 81fi     81 

White  Western sSi®      90 

Yellow  Western 84®      85 

Southern, yellow ffl  .... 

Rye 98®  1  18 

Oats— Black .,a 

Mixed. 6fl@      62 

White    623      66 

Barley— Western @  .... 

Canada  West (% 


19.4.32 

23.615 

8,651 


70.657 
57.613 
51,269 


THE  DRY  &0OD3  TRADE, 

FaroAT,  P.  M.,  July  16, 187S. 
The  market  this  week  has  shown  an  improved  undertone  and 
although  general  activity  has  been  lacking,  an  increased  move- 
ment in  some  descriptions  of  domestic  goods  was  apparent.  There 
was  a  considerable  Influx  of  jobbers  from  the  West,  Northwest 
and  South,  who  evinced  a  disposition  to  operate  in  such  staple 
'.  i'iiia  i  85  I  cotton  goo4s  as  were  offered  by  manufacturers'  agents  on  terms 


July  17.  1876.] 


THE   CHRONICLR 


71 


father  more  fmronble  tb»a  nominal  holding  ntes,  and  in  this 
way  a  fair  dinributioa  wa«  aecompllshMl :  but  at  regalar  prices 
tianwrtiona  were  limited  to  such  purchase*  as  hare  been  foand 
.'■•ruMai'j  for  the  supply  ol  carrent  trade.  Tlie  production  of 
MtMA  good*  haa  been  a^o  curtailed  by  the  temporary  stoppage 
o/ •everal  Important  New  Eoglaod  mills,  including  the  Atlantic, 
Skfinon  PalU  N'o.  2,  Exeter,  AVebater,  and  one  of  the  Great  Falls 
Bills,  &£.,  and  the  old  eatablisbed  Hampden  cotton  mills  hare  sus- 
pended psrment  with  a  fair  prospect  of  an  early  resumption. 
Woolen  gooda  commission  hooeaa  liiiwai  Iml  a  fairly  satinfactory 
buaineM.  and  aooM  daaeriptions  of  goods  which  had  prerloualy 
beeo aloggish  becaiB*  sore  aetirai  The  trmfflc  in  imported  goods 
was  TtTT  slow,  and  the  general  jobbing  trade  was  utterly  deroid 
of  adirity.  a*  ia  to  be  expected  at  this  time  ol  year,  when  the 
spring  bnslneai  ia  viitaally  orer. 

Vmatmc  Oottok  Ooods.— Tba  mtin  featoraa  of  the  market 
for  domeatie  cottons  were  unchanged,  with  pricea  on  the  whole 
fnlrly    maintained.    Agnto  doaad  oat   aeraral    laice  bnaa  of 
foar-yard  and  Ine  bro  ta  ahoallBga  by  granting  prieo  eoneao 
■ioDS  in  the  way  of  incfMaad  diaeoanta,  and  iheoo  sale*  were 
chiefly    coollned    to    popolar    corpomlon     makes.        I.<eading 
brands  of  bleached  chirtings  were  in  steady  reqaest  for  small 
p*ree!s,  and  sore  actirlty  was  obeerred  in  oataide  iMkea,  which 
were  sold  i«  oosTartonaad  Jobben  at  noa-paylog  piieaa.  CbovioU 
v«i«  In  eoMMwablo  icqaoat  by  ihlrt  msnafaetarata  and  Wealara 
iohben,  bat  other  deMripUoiiii  of  oriwed  eotlona  roled  qaiet  and 
■teody  In  price.     Cotloa  teanela  wan  bk>t«  actlra,  and  the  lower 
grades  mat  with  aooio  fUr  sslea.      BsQsd  jaconets  mored  slowly . 
•nd  were  adraasad  to  «}«.  by  the  Jobbsn.    Orain  bags  aMt  witb 
Mbaral  salea  from  sseoai  bands,  bat  esrpot  warps,  ysras  sad 
:  twiaas  wars  ratber  leas  actlvs.    Print  elolha  were  flnaly 
•t  Se.   for  Mx04  atsadards,  sad  He.  for  extras.    Prints 
rrvaiasd  qolst.  althoagh  soias  eeasldsiabia  lots  of  light  aad 
eboaolats  faadss  wsfs  parcbssed  (for  iUpMsat  by  sailing  rsssal) 
by  lbs  California  tjads. aad  at  tbs  onsptlsaslly  low  mling  pricea 
there  was  a  hit  gsasral  demsad  for  Oaraer's,  Mprsgne'a  and 
^•Osk«Bg  cbosststs  sAbels.    A  asw  make  of  staadard  gingham, 
■adsr  tba  "Mibawk"  ticket,  waa  latfodocad  to  tbs  trade  at  tic. 

Damnmo  Woolkx  Uood*.— Tbsr*  was  a  wotl-sastalaad 
Bo*««s*t  la  laacT  msiImiiis ood saltlags.  wbieb, la  botb  woolsa 
sad  ssMMsd  ttma,  «SM  salsctsd  la  teir  amooau  by  elolk  job 
bets  aad  tbs  sioUiag  trMle.  and  prioas  oT  dwHabls  siylss  ralsd 
trak  Wpinii  sasttags  were  In  good 
grade  Ksataeky  Jaoas  met  with  liberal  asleo. 
oa  tbs  wbob,  leas  actira  than  daring  the  prsvioas  wsak.  bat 
Umtj  dblacbtHas.  ristsra  sad  far  bsayort  wsca  ssverally  in 
Tti|ass<  for  limited  toU,  while  faesd  beavers  wars  ratber  slow. 
RspaUsals  showMl  some  Impmremcat,  bat  prices  remain  low  aad 
aaaatlshrtory.  Flaaaals  Iseked  tbst  dsgrea  of  asUvity  wUsb 
jtSBOliasdalibeMHMttms  laat  y«ar.d«a|dt«  wbleh  iotas  fair 
■pa  Wars  msJs  by  tha  somartsrtsa  boasM;  Hlsabsls  wars 
•psasd  aad  pdsss  mtsMlitsd  by  tbs  Isadtor  •«<•<•  •*  •boat  Its 
per  eesL  abors  last  ysar's  tslas.  bat  ssmpoiatlTely  few  sales  wore 
rvported.  Ia  worsted  dross  goods,  itewls  sad  felt  skirto  there 
wsa  as  moTsmtt  sf  ImroMaass.  bat  bestsry  g««d 
frssly,  espsdairy  sblrls  aad  drawers  of  tbs  >a««r 
were  uken  in  fair  psmls  by  dty  and  oat«<.lowa  Jobbsm  Tbsrs 
was  an  Improved  laqalry  for  fancy  knit  woolsas,  vli.,  OwUgaa 
jaeksts,  aaUoa.  scarfs,  ke..  at  the  cloae  of  tbs  week. 

FoBBiox  Dbt  Qoods.— The  demoad  for  tmportsd  goods  eoa- 
tlaasd  llirbl  aad  apart  from  the  moat  sUpIe  fabrics,  transaetloM 
*■■•  alMost  aomtasL  la  disss  gosds  tbsts  was  mors  laqalry  for 
bla«kfMhaai«a,prl«aolwbidibsTabsMadvaaesd7ilo  10  par 
esat  by  laportsis  In  onassqasnee  of  tbs  flfasss  sad  ■aoiiilty  sf 
tbsss  goods  abroad.  8llbs.ritbona  aad  vslfsts  ralsd  qaist  bat 
nssbaagsd  la  piles.  Drsss  linens  wsrs  ia  t~»^«H  -"Tiinail  ft«m 
JobW  haads  sad  tbs  Ugbt  aopply  oaables  baldats  Is  sbtaiafkll 
>'••■  fc*  tbs  bsM  goods.  Hossskssptag  UasM  wan  more  tn- 
Mlisd  tor.  aad  aew  siylss  of  dswssbs.  *«.,  wars  ssamlasd  by  the 
Otllfomia  and  City  trade,  iiri  |  iistnijlfi  iisiBBisni<iisiiis|iaislliiiii 
ter  the  fall,  bat  few  aetoal  trmoaastlMs  oecarred.  Whits  itooda, 
'■*■■  aad  embroideries  mored  slowly,  aad  woolen  goods  tor  men'* 
'" '  dall. 

loos  ol  dry  goods  at  tbls  port  for  the  week  sadlai 


wrroDaAwa  raoa  WAaaaocna  ato  thhowx  ikto  thb  oahkbt  noanie  tbs 
SAVs  riaioD. 


MsnafKctnres  of  wool 438 

do  cotton.,  ies 

do  illk ms 

do  tux 8tS 

MlMelUneoDa  dry  goods.  US 


tM>l,M7 
9».'M 

ituan 
ssooo 

tMT.NS 
l.SIS,0»4 


aog 
ss 

1,1«9 

s,aii3 


•MI.MS 
<I.0T3 
BCin 

io,flm 
:,oes,4ii 


868 
178 

88 
138 

3S 

S8S 
«.M0 


IJ03.II08 

7»,M5 

44,W9 

MIS 

t3<)8,M3 
83<,76J 


TotsI  j.jot 

Addent'dforeonsampt'a  SJSi 

Total  thrown  opon  m'k't.  4,8i6  t1.es3.tSS      «.5St  |l,4(n.8SS      s[»3  {l^js^ 
aaTaaxD  roa  WAaaaonaia  Diratns  samb  pbbiod 


Manaf  sctoru  of  wool ....  ijnt 
do  cotton..    MS 

do  silk IM 

do  flax tn 

Mscatlaiieoaa  dry  goods,      n 

.  ToUl   Tm 

Addeat'dfacooBsaBipt'B  (.W 


t«IT.SOT 

li«.«M 

1«  ,115 

1«I.6M 

U  191 

|SW,f;t 
l.S)S.OM 


l.tM 

soo 

84 
4CT 
184 

8,888 


tftis.aM 

188.S» 

ao,in 

1II.S4S> 
16.882 

1.085.4  U 


116 

tat 

84 

1..^I9 
i.MO 


•tOLBEfl 

M.ia6 

m.848 

68.9118 

lt.llS 

$m,-m 

884,763 


n>lal«i)l«nMl  a.  the  port.WII  »t»36.7«7      5.764  tl,»».5lS     .3,759  tl.44t,ni 

Ws  annex  prices  ei  a  few  articlet  of  dumestic  fnanafactare: 

Browa  aiiertlaaa  and  Shlrllnaa. 


Width.  Price, 


do 


S-4 

.9-1 

.10-4 

do      .  ..It-t 

4a      ....1*^ 

Aadro*e'n<B.9-4 

do         10-4 

Adrlauc a« 

xwtwwm  r...  at 
lUmmk.  ..  .  U 

AlMaaA Si 

Atlaatie  A.. 

do   D... 

do    B.  . 

do    P. 

do    LL.. 

do    V.  .. 

^Tr"..;.. 

do     A 


88 
86 
87 
M 
88 
8* 
» 

IS 

R 
88 
4ft 


do 


Ihasiwar. . 

Bedford  B. 

Baolt  8... 

do    W .  . 


I 


cat 
D. « 

O..  80 

«..  aa 

w.  «i 


Owliktli. 

do     r.. 

do       1! 
do      KX. 


BUT..  88 


83 

M 

r-H 
ax 

nn 

i" 

» 

IS 

8 

8 

«M 
WW 

*H 

»H 

'A 

li- 
i« 

MM 
It 

MX 

2* 

8 

T 
10 
18 
It 

8 

• 

10 
TV 

!" 

iS* 


Width.  Price. 


DwIgM  W 

Kxvtrr  A  88 

dreat  F>Us  II  86 

do  S  83 

^    do  S86 

OiBBiterllle..  a« 

do         .  7-a 

BarrisborgAl  N 

do         B.  80 

ladua  Head.  86 

do        ..  >8 

do       .    40 

.    .    do       ..  48 

lad'n  Or.RK.  80 

do    NS.  88 

do    KB    38 

do    AA.  40 

do  DW.  88 

(AcoalaO....  48 

do     B  ...  M 

io     S...    88 

do     a-t 


do 


.11-4 


Uarvl 

LjraaaC 

do    B aa 

do     T 86 

LtsgdOB  OB.4-1 

lawtaacel).  M 
do     XX  as 

do       LL.  a* 

do      J.,  aa 

do       Y.    86 

iia**.J a 

do    ■  88 

do    BB.  ..     86 

do  M  .40 
do  (UDdard  86 
Vaxwell 40 


Mtw.  88 

aaeo  aa 

R.  .  88 

K  ...  88 
W         48 


1^ 

do 
do 
do 
do 
do 


_  *CA.  .. 

«•  B..  .. 
do  O.. 
do  K  .. 
do  s«*lii(  .. 
do  do  ACA 
AlbMy... 

da       ...t-a 

do       B.  .4-4 
do       as.. .4-4 

da  ai..T-8 
deOldBidlt-d 
do  OT..  86 
do  OCAT-8 
do  AA  .1-« 
do  H...7-8 
OerdU  AAA      8t 

do      Acx.  at 


80 

to 

n 

16 

at 

T 

at 

88 

at 

88 

ti 

18 
II 
18 
» 


.10-4 
TIslilacs. 

OOtdls  Mo.  1..  at 
do  awalBc.  .. 
do  Ka.l.  .. 
do  No.  8.  .. 
do  Ito.  4.  .. 
do  No.  8.  .. 
do  No.  6.  .. 
No.  7.  .. 


do      d:  .  .. 

BasipdeBOC..  88 

do      BB..  .. 

do       TRA  .. 

Lewlstea  A ...  86 

do      A.  ..  St 

do      A    ..  80 

AA..  .. 

A8A.  .. 

7-8 


9 

8 

9S 
8H 
9« 
8J4 

»* 

14 

WJi 
'■H 
8M 
9X 

V>H 

WH 
»H 

*H 

fH 
KM 

80 

10 

8X 

iojt 

IS 

low 

8 

:i 

8 

,s* 

10 
I» 

• 
18 

£* 

tt 

88 
IS 
IT 
18 
It 
11 
10 

it" 

»M 

UH 

It 

81 

84 

81 

19 

18 

•1 

»7V 

8t.W 

14 


Width.  Price. 
Newmwkel  A  36 

do  D.S6 

Patnam  AA..  38 
Pacldc  ezin..  86 
P«|>p«rall....  7-4 

do  ....  8-4 
_  do  ....  %4 
Pspporell...  ld-4 

do     !';!l8-l 
do  E  Sn«.  39 

do  R 88 

do  O at 

doN 80 

Peonot  A at 

do    B 40 

do    9-4 

do    10-4 

Pltuteld  A.  .  36 
PocaMetC*Doe38 
Portamootb  A  36 


88 
88 
36 
88 
38 
40 
48 

r« 

78 
88 


Tbs 


isly  M.  Win,  aad  tba 
■avs  baea  as  Mtsws : 

■■■■•sa  sea  waiuaiiwjs  roa  roa  waaa  i 


Iks  of  1874  aad  18;] 


IS  mr  Mk  tns. 


I  dry  (o«da  888 


Jl*».iia      m      tt>att       aw      aum 
i4it.a>.4    abMtwtti.4tt     t.440   tmt.-M^ 


c 

0*tt*a  Ball  Daek. 

Vo.  t t» 


do      .    _ 

SaraaacaaeO  38 

do       B  36 

do       B  88 

Stark  A 

do    B.... 
Hwtn  Rlrer. 
SaSblkA... 
TreneotOC. 

Ullcs 

do 
do 
do 

do  .... 
do  .... 
do   ... 

•In  Nob 40 

WalthaaP...  M 

do     ...  .8-4 

do     ..  ..%.t 

do     ....10-4 

is      ..  .11-4 

WaJta  A....  40 

do     AA..  48 

Waebasett...  88 

do  .    80 

du  ..40 

Chaeiia  B 

do     A 

do  ACA  ..  aO 
do  do  ...  16 
do    BMdal,.  ., 

■PeulRlTe.- 

nilaier 

Peabcrton  A  A  .. 

do       B 

do       X 

Pimii«irlTaiila..4-4 

PlllsdeM 

Boaaoks 4-4 

do     T-e 

8irtfl  Rtrer.  .  .. 
Thomdiks  A..  .. 
do  C.  .. 
Willow  Br-k  No  I 
WhtUsBloDXXX. 
do  \.  .. 

To* M 

do H 


10 

t§« 

IS 

SP* 

16 
40 
low 

»w 
!^ 

TW 
"W 
WW 
80 
85 

10 
8 

low 

tow 
« 

I8W 
ISJi 
>A 

riH 

40 

tut 

15W 
]^^ 

» 
10 

14 

to5 
t"^ 

84 
84 

tlW 
8 
18 
11 

«■■ 

18 

low 
Iff 

IS 

if 
•I 


Na  t. 
Raw. 

Llfkt  dsck- 

B>ar(aas.it9ia.. 

da  baaryCtoB.)... 

Kaat.Rareas  tsia. 

do         401b. 


84 

tt 


Lteoala..., 
LyoMB  H.. 
Lander  B 

-      a.... 


Drllia. 

IIW 

II 

....I4I0W 
11 


Oalario  sad  Woodbrrry 

USA  Standard  8<«W  ■". 

do  8  oi.  iO 

to  R  ox.  tt 

do        in  ui.  t4 

do        It  ox.  tn 

do         15  oa.  tn 

Oatlrlo  TwI*,  8Bia.  81 

do  Min.  ta 

Kx  twIs-'Polhcm's"  It 


MsM.0 aw 


stark  A IIW 

SodblkD Itw 


••Bsestis  Olagliaaia. 


ttoll.. 

Peodlatoa  do    . 


Naaia«ke lOW 

lUnfrew llw 

Plaakett 11 

lOWlnmoB 10 

....  I  Alimance 18V 

10     I  Randa!iB«e ilw 

IIW  I  Birw  Bank. 

Cattaa  Taras. 
88  ISargaaat  8  to  18..  as 
as    iPostsaoy    do    ..    tS 


Ju.  Ijmg 

Belrrt. 10 


Rrlfkit. 

Shirley 

White  Mfg  Co. 
Carleion .. 


TXl 
XXX 


tlolt. 
do    . 


cw 

19W 

II 

IS 


ts 

IS 


72 


THE   CHRONICLE. 


[July  17,  lbV5. 


UENERAL 


PRICES  OURttENT. 


4SHKS- 

Fot 

BRKAOSTOFFS— BsetpaoUl  rsporl. 
BUILDING  MATKUIAL8- 

BrUdu—Commoa  tiaril.kllMt 

Oroton 

rmiadalplil*.  ....  

(Mawitt— li'>ienil*l« 

Zinw— KoeklMiil,  eoniinan 

Koekluid,  (lnl>hln( 

LM»nA«r— Soathera  i»lne 

White  plD*  box  l>o«rdf 


«« 


DUO 

I  io 

1  60 

•a  JO 

It  00 


•  BOO 
«  IS  w 
«  ti  a< 
.•    1  90 

•  1  39 
«  1  35 
a  33  UU 
0  25  00 


Whlieplnemercliin.box  bo»riJ«.  aoo   •  i"  «« 

8orac«  bowdi*  pUnlw WOO   •  J5  00 

Uemlooltbo»rdi»pUnl[i. .......    i»  JO 

Xa<I«-'.0«iOd.roni,(eD  *  ib.*  keg   S  » 

ClIach.lHto  81n.*longer. 5  00 

IdAne 

Cnttplkos.allatzre • 

AtfnU— Letd.whlte.Ani.pnre,  Inoll 

Ij«»d,wh.,  Amer.,  puro  dry 

Bine.  wh..Aracr.  dry.  No.  t 

8lBC,wb..Amer..No.I.lnoll ..... 

Pari* white. Bngllah. prime  gold... 
BOTTKK-(WhoIei«le  Prlceij— 
Uiiir  nrkiii>(l£ait'ii>  3a>  to  solectlonB 
Welah  tab*.        **        "       *'  •••• 

HHlfflrklii«(WeBt'n)  ;•      " 
Velibtubi        "        " 


HKMP  AND  JUTE— 

American  arsued V  too.  289  >0   ASSO  00 

American  undreieed ...■    ^■■■•<^    •■••, 

KuMla.clean «»  "  •  JS  ?w"^   f'i^'^ 

Italian ••    2«0  00    fej.5  00 


rfaalla.. 

Blaal.. 

JnM. 


.«»> 


3    « 

MS 
3    • 


• 

9  SO  9 
390  « 
U  • 
»K« 
1  • 
1IK« 
1  39   • 


WOO 
3  SO 
6  90 
SW 
3  19 

190 

87 
27 

22 
22 


CHKK8K-                     ,  .    . 
New  State  factory,  fair  to  good . 
WMiern.good  to  prime 


11 
9X 


AnthracUc  (by  cargo) 8  25    9    '  g) 

Liverpool  ({as  can ue I ft  i.  Si 


Liverpool  house  cannal. 

UOFPKK 

Ulo,  ord.car«o«.«>9»0day»,gold. 

do  fair,  do        go W. 

do  good.  do        itold. 

do  prime.      ^  ^    do        gold. 

Java. mats  and  baga ...gold. 

Native  Ueylon gold. 

Uaracalbo  gold. 

baguayra gojd. 

8t.  iioraingo gold. 

Bavanllla  gold. 

CoaURIca    gold. 

OOPPKK- 

Bolts • 

Sheathing,  new  (over  12  oi;  

Brailers'(over  18  oi.) 

American  Ingot,  Lake  

COTTON— See  special  report. 
OKUOS  *  IIYES- 

Alom.lump 

Argols, crude gold. 

Irgola.reflned.... " 

Arsenic, powdered..... " 

Bicarb,  eoda,  Newcastle '• 

Bl  chro.  potash,  Scotch " 

Bleaching  powder " 

Brlinstonc.crude,  per  ton 

...  V  ft . 


a  17  0O 


19  « 

19X» 
25  » 
21    S 

r.   it 

20H« 

l-  1.1 

20  » 
19   a 


22^3 


Brimstone,  Am.  roll  . 

Camphor   rellned,  clHr ........    ..... 

Castor  oil,  K.l.  In  bond,  »(?al.. gold. 

Caustic  soda •' 

Chlorate  iiotash 

Uochlneal,  Honduras.. 


2X9 

n  a 
28  a 

....a 
..  a 

ie!<8 
....8 

35  00  6 
3X9 
23X9 
85  a 
4  90  9 
20X13 
12X9 
42X9 


Bochlneal,  Mexican " 

Cream  tartar " 

Cubeba,  Bast  India . 

Catch gold. 

aambler 

BInaeng  ...... ...  opt. 

Glycerine,  American  pure '^ 

Licorice  paste,  Calabria 26 

Licorice  paste. Sicily 25 

Llcorlcepaste. Spanish, solid.,  .gold      20   @ 

Mtldpr,  Dutch "  6)«a 

Madder, French "  txa 

Natgalls,hlne  Aleppo 14    9 

or.  vitriol  (S6  degrees) IV9 

Opium.  Turkey  ...(  n.boni),  gold.   4  CO    3 

Prusslate  potash, yellow.  Am S3H9 

Quicksilver gold.     75    " 

quinine cnr. 

Rhnbarb,  China, good  topr....1>  ». 

Bal  soda,  Newcastle gold 

Shell  Lac 

Soda  ash,  ordinary  to  good gold 

Sugar  of  lend,  white 

Vitriol,  blue. common.. 


e  a 
5  87X9 
1  19    9 

17  a 

14    9 

a 


50  9 
I«X9 

(0  9 
195    a 


rx 

18  k 

19H 

19V 

28 

22 

23 

21 X 

17  X 

22 

22 

31 
30 
31 
23 


2H 
24 
32X 
4 
4  S7H 
16V 
200 


23X 

5'mx 

21 

67X 

45 

85X 
7V 
6X 
6  00 
1  20 

18 

16 

36 

28 

30 

7X 

14  M 

IV 

5  m 

34 

76 
23<) 
1  50 

1  52  X 
70 

2  10 

9 


8V9 
Store  Pnces, 
5  75 


risH- 

Oeorge's  and  (}ran1  Bank  cod 4  75 

Mackerel,  No.  I,  shore it  00  a  13  00 

Maokere;,  No.  1,  Bay  9  OO  a    9  50 

Mackerel, No. 2.  shore 10  00  a  10  50 

Mackerel,  No.  2,  Bay 9   8  50 

PLAX- 
North  Ulver,  prl-Tie 

PRUIT- 

Baislna,S«eaieM...  9  00   a    s  29 

do     Layer 2  29   9 

do     Sultana 13X9 

io     Valencia ...  9 

do     Looae  Muscatel 8  40   9 


.«  >       15    9 


»IX» 
21    9 

i»xa 


23 

21 X 
20 


21  a 

.... 

JO  a 

21 

20   «a 

VOX 

17   9 

18 

1<    9 

It    9 

...    9 

13 

It    9 

...    9 

IS 

.  .    9 

13X 

...    9 

1.) 

...   a 

10 

...   a 

9 

10  9 

9  « 

11 

12X9 

"X 

...    9 

12 

loxa 


■a, 

19 


BIDKB— 

X>rtf— Buenos  Ayrea,  aeleeted.  gold 

Montevideo,  do.... 

Corrlentes,  no.... 

Rio  Grande,  do....  " 

Orinoco,  do....  " 

California,  do....  " 

Matain.  and  Mex,  8«  they  rnn 

MaracalbO,  do " 

Babla,  dn....  •• 

Z>rv5a;i«i— MaracalbO,  do....  " 

(Jhlll,  do....  " 

Pernambuco,  do.,,,     " 

gavanlUa,  do....  " 

Bahla,  do....  •• 

WetSattwJ— Buen.Ay,8elected     '• 

Para,  do...  " 

Ctllfomla,  do,...  •■ 

Texas,  do —  cur. 

a. /.»(oc*— Calcottaslanght...  gold 

CalcutW,  dead  green " 

Calcutta  buffalo " 

HOP8- 

Cropol  1874 .»    »        2S    9 

Cropofl87S 15.9 

Crop  of  1872 12    9 

Belgian 9 

Bavarian 9       — 

English a 

IUOB-- 

Pig,  American,  No.  1 : 26  Oil   9  27  no 

Pig,  American,  t.o. 2 24  00    9  26  00 

Pig,  American,  Forge 22  HO   a  24  00 

Pig,  Scotch 29  50    a  32  00 

Store  Prices, 

Bar,  Swedes, ordinary  sizea 180  00   ai40  CO 

Scroll 80  00    9125  00 

Hoop 8!  50    (3133  00 

Sheet,  Knssta,  as  to  assort gold.       ..    ®       MX 

Sheet, single, double*  treble, com.        4X®        IX 

Balls,  new,  English gold  43  00    9  50  00 

do    new.  American car 9  50  00 

LKAD— 

Ordinary  foreign «i  lOOlba,  gold  6  87Xa 

Domestic '■     5  90    9    6  00 

Bar 8V*       .... 

Sheet 9X9 

LKATHER- 

Uemlock.Buen,  A'res,  h.,in.&l J6    9 

■■       California,  h.,  m.  ft  1 is    a 

"      comm'n  hide,  h.,  m.  &1 25    9 

**       rough 27    9 

Slaughter  crop J2    9 

Oak,  rough 28    9 

rexa8,crop 31    a 

M(IL  ASSES—  ^ 

Cuba,clayed -•.••■.•  S   * 

Cuba,  Mos.,  reining  grades,  50  test.  32    9 

do      do    grocery  grades. , 36   9 

Barbadoes 40    -a 

Demerara 3.t    9 

Porto  Rico 35    9 

N.  O.,  new,  com.  to  fancy. . .  V  gal.  ...  9 
NAVAt.  STOKEB- 

Tar,  Washington 2  12X4 

Tar,  Wilmington   2  25    9 

Pitch,  city I A---,-.-  -i;    3 

Spirits  turpentine »  gal..  aij^a 

RoBln  com.  to  good  straln'd  »  bbl.  166    a 

••      No.  1 280    9 

••      No.2 2(0    9 

••      pale 5  SO    a 

**     extrapale 6  75   9 


8ILK- 
Tsatlee, 
Tsallee,  ,  -     - 
Taysaam,  Nos.  1  ft  2. 
Canton,  re-reeled  No.  ICotngoan. 

SPELTER- 

JforclETi '.OO.Ii.gold. 

Uomeittlc....: cur. 


Noa.lto4 *»    5  (fl  9 

re-reeled 5  00  a 

I  50  9 

t  UO  9 


7  25 
7 


BPICES- 
Pepper,  BatavU..... 
do        Slnaapore.. 

do        white 

UasBia,  China  Llgeea. 

do       Batavla 

Qlui;er   African 

do     ualcutta 


gold 


33    9 
25X9 

22  m 

10V9 
10    9 


S  75 

S  50 
5  on 

5  29 

7  87X 
7  W 


Mace  !  '«    ® 


NutmecTB.BatavUand  Penang. 
Pimento,  Jamaica.. 

Cloves 

do     stems  


1  ID 
10H9 
S5  9 
....9 


2« 

■«x 

21 
11 

1  is" 

1  05 
lOK 
37 
ISX 


SPIRITS-  ^        ^  _       „ 

Brandy,  foreign  brands •  gaV. 

Kum— Jam. ,4th  proof *' 

St.  Croix, 3d  proof ** 

Gin •• 

Domestic  Hv'tors— Cash . 

Alcohol  <90  per  ct)  C.  ft  TV cur. 

Whiskey " 

STEEL— 
KnKll8h,ca8l,2ct&lsl quality  *ttgold 
Knifllsh,  snrlng,2d  ft  Ist  qiiallty..  •* 
KnirllNli  blister, 2dft  Istquallty..  " 

Enu'llsb  machinery '* 

EiigllBh  German,  id  ft  Ist  quality  " 

American  blister cur. 

American  cast.  Tool 

American  caft  spring 

American  machinery 

Amerl  cun  tierman  spring 


. gold.— -^ 

3  50  9  H  00 
3  6-<  9  7  03 
3  43  9  "  63 
3  00    9    »  2S 


2  32X3    2  3S 
1  21    a 

iStore  Price* 
i4S'a       17 

6V9  7 
9  9 
I  OX® 
10X4 
....  9 
....    9 

...    ei 


14 
11 

IIX 
9 
II 
10 
11 


2S 

27 

26  X 

28 

39 

SO 

34 

34 
3:i 

40 
45 
4,-1 
55 
71 

2  25 
a37X 
2  25 

i'75 

5  00 
2  25 

6  50 

7  50 


SUGAR- 

Cuba.lnl.tooom.  refii-'ng  7X9 

do    fair  to  aood  refining 7K» 

do    prime,  refliilne 9 

do    tair  to  good  grocery ^%9 

do    pr.  to  choice  grocery 8Ji9 

do    centr.hhds.*  bxs,  Nos.  8®13  8X9 

Molasses,  bhds  ft  bxB J    9 

Melado J    9 

Uav'a,Bol,D.  8.  Nos.  ?@9 7X9 

do         do         do   ior5i2 ^x« 

do           do           do    1S®15 8X9 

do           do           do    16al8 9X9 

do         do         do    iv@:u 10X9 

do          do           white ..  9V9 

Porto  Rlco,reflning,  com.  to  prime.  7X9 

do         grocerv.  fair  to  choice..  8^9 

Brazll.bags.D.S.  Nos.  9911 7X9 

Java,    do.   D.S.,  Nos.  10912  «X® 

Manila       • 7X« 

N.  o.,  refined  to  grocery  grades    ... 

i?e/lu«rf— Hard,  cruBhed Vlk 

Hard,  powdered ll?ia 

do      granulated 9 

do     cut  loaf 11V9 

Soft  white,  A.  standard  centrlf...  lOsa 

do       do      oil' A W%9 

White  extra  C  10)<9 

Yellow      do       9V9 

Other  Yellow 8X9 


BH 
8X 
8V 
i% 
7X 
6X 
IH 

9X 
1«X 

vm 

8X 

sv 

7X 
8V 
7X 


11X9       UK 


TALI.OW- 

Prime  cltsr,  V  » . 
Western,*  »  ... 


....9 
5K9 


lOK 


lox 
10 

9H 

t 

9 


Onrrantt «X9 

Citron, Leghorn 4 

Prunes,  Turkish 7V9 

do        French  10   9 

Dates 5   9 

Klirs 12    9 

Canton  OInger »  case 9 

Sardines,*  hi. box cnr.       25    9 

Blrdlnll.tl  or  box "  14    9 

Macaroni.  Italian 9 

Domestic  Dried— 

Apples.  Sonthern,  sliced 7X9 

do  "  quarters 9 

do       Bialcsllc"! 7V9 

do  do    quarters 7)^9 

Io       Western,  quarters. 7    9 

P-iaches.  pared  Western  16    9 


10 
3  to 

6X 
35 

8X 
15 

5X 
IS 
8  on 
26  X 
IS 
14 


NUTS— 

Filberts.  Sicily 8X9  9 

do        Barcelona 9  8 

Brazil  nuts SVa  6 

Walnuts,  Bordeaux 9  9 

do        Naples 10    9  .... 

do       Grenjble 11X9 

Pecans H    9  IIX 

Peanuts.  Tennessee 1  50   9  1  60 

do      Wilmington I  'O    ®  1  75 

do      Virginia 185    9  1  9n 

Almonds,  Languedoc 9  13 

do        Tarragona 9  19X 

do        Ivlca 9  18 

do         Shell«d 81X9  S2X 

do         Princess ®  30 

OAKUM— navy  to  best  quality,..*  ».        7Va  9v 
OILCAKE—                                            ,^    „^ 

Clty.bag gold  40  on    a  .... 

Western. cnr.  41  60    9  45  00 

OILS— 

Cotton  seed,  crude  47   9  50 

Olive,  in  casks*  gall 1  13    a  118 

Linseed,  casks  and  bbls 60    9  63 

Menhaden,  prime  L.  I.  Sound S5   a  35X 

Neateloot 73   ®  I  2ti 

Whale, bleached  winter 32    a  i5 

Whale,  Northern 61    9  65 

Sperm, crude '  55    *  •■■• 

Sperm,  bleached  winter 1  90    9  .•. 

Lard  oil.  Winter 9  105 


TEA— 

Uyson,  Common  to  fair cnr.  211 

do     Superior  to  Are., 34 

do     Extra  fine  to  anest 50 

do     Choicest 73 

Young  Hyson. Com. to  fair 23 

do          Super. to  flue 86 

do      Ex. flneto  finest fO 

do       Choicest 90 

aunpowder,  com  to  fair 28 

do           Sup.tofine 40 

do   Ex.  fine  to  finest 62 

do    Choicest 1  10 

Imperial.  Com.  to  folr 2! 

1.0        Sun.  to  fine .16 

no        Kxlraflnetofinest 58 

Hyson  Skin. 4  Twan..  com.  to  fair.  21 

do          do      Sup.tofine 'Z,       .     , 

do          do       Ex,  finetoOnest Nonilnal. 


43 

m 

85 
X< 
SO 
15 
I  10 
F5 

m 
1  20 

.V 
48 
T! 
2" 
29 


Uncolored  Japan, Com. to  lair 37 


Snp*rto  fine 

do          Kx.finetofinest 59  9 

Oolong,  Common  to  talr,»«. 2j  9 

do     Superior  toflne 36  9 

do     Kx  llneto  finest 55  « 

do     Choicest W  9 

Bouc.  ft  Cong..  Com.  to  fair 27  9 

do           Snp'rto  fine 36  a 

do          Bx .  fine  to  anest 98  9 


PSTROLEnM- 
Crude,  In  bulls 

Refined',' standard  white. 
Naphtha,  City,  bbls 


Itxa 
llX.i> 

e.v® 


5X 

n 


19  29 


do  do  Ga.  ffool  and  prime.... 
do  d^  N.  Carolina,  prime.  ... 
do        nnpared,  halves  and  qra. . . 

Blackberries 

/{iispberrles  

Ch'irrlea,  pitted 

Plums 

OIIV."'IRS.— See  report  uuder  Ootton 
GCTNPOWDHK- 

snippln^  *  iJ  »  keg 

Mlnl3.{.fc  masting 

HAY- 
duloplng V  lOO.Ib 


fx 

ao 

35 


29 
25 
20 


325 
2  IS 


«  20  40 

®  1«  00 

9  19  00 

8  (HI    9    9  5I< 

"    9  10  7.3 

a  21  (0 

4         15 

12V 


8s  a     70 


PKovisions- 

Pork  new  mess *  bbl 

Pork,  extra  prime " 

Pork,  prime  mess " 

Beef, plain  me-fl 

Beef,  extra  mess "      1"  "0 

Beef  hams IS  00 

Kims. smoked  *»       ..  .^ 

Lard,  City,  steam 12Xa 

RICE- 

CarollnR,falr  to  choice 

Lonlslana,  fair  to  prime .. 

Rangoon,  In  bond gold. 

Patna. . 

SALT— 

Turks  Island 

St.  Martin's 

Livnrnooi  .variou  aorta *ignk. 

SALTPETRE- 

Refined,  pure ** 

Crude ~ gold 

Nitrate  aoda " 

SEED— 

Clover,  Western *  lb. 

Timothy *  bnah. 

Hemp. foreign 1  ns    a 

Flax,  rough 9 

IiUueed,C»loatta«9tkKOld(tlnie) 9 


TIN- 

Banca 

Straits 

English ••.. 

Plates. I.  C.charcoal... 
Plates.cbar.  terne 


.  gold. 


1?X3 

isxa 

8  25    ® 
7  37X® 


TOR A COO— 

Kentncity  !»«»■ ';.«»''y •     }?!52 

"  leaf.      "      •■■        KX9 

Seed  leaf- Connecticut  wrappersTS 
.*  Conn.  &  Mass.  fillers.  •73. 

Pennsylvania  wrappers. '72 

Havana,  coin. to  line ;5 

Mannfao'd,ln  bond,  black  work 

"  "     bright  work 


25 
7 
18 


9 


70 
97 

84 
hi 
85 


53 


8  3TX 
7  '>5 


12 
25 
9S 
8 

4" 

1  23 

SI' 

50 


7K» 

« J^® 

3  70   a 
«X9 

23    9 

.  ..9 

1  40    9 


BX 

7X 

2  67X 


.30 
2  60 


....9 
5X9 
....9 

iiX'a 

2  63    9 


lax 
ii 

IIX 
2  75 
1  90 
I  W 
1  85 


28    9 


wool,-      ^.^ 

American  XX *» 

American,  Nos.  I  ft  2 

American, Combing 

Extra, polled 

Ko.l,  Pulled 

California.  Sprine  Clip— 

Superior,  unwashed 

Medium..... 27 

Coarse '^ 

Burry  -^    *■ 

South  Am. Merino  nnwashed 2(1    9 

Cape  Good  Hope,  unwashed ^i    « 

Texas, fine 80    9 

Texas, medinm fo    9 

Smyrna. unwaghed  gold.       i7    "» 


^3 

5'. 
63 
fO 
35 

31 
FO 
21 
2« 
32 
Ft 
f5 
■5 


Sheet *  ». gold, net 


FREIGHTS— 

ToLlTSSPOOL: 

Cotton *  ». 

Floor *  bbl. 

Heavy  goods .  .  *  ton . 

oil 

Corn  .bnk  ft  bgs.  *  bn. 
Wheat,  butt  &  bags.. 

Beet *tee. 

rork »l>bl. 


. ST»AM. . 

!.<!.  ".  a. 
a      X 
933 


fX  '       8V 

. ~»A  1  I.. . 


.1  n 
35  0 
45  0 


a45  0 
7X«.-.- 

s  a.... 

6  0    9  t  t 
43946 


2  6     .< 

2!  t    a 

35  C     ' 

7V.* 

8X« 

9  6    9 

4  0    9 


xmtlt 


HUNT'S    MERCHANTS'    MAGAZINE. 

RKPRESENTINO  THE   INDUSTRIAL  AND  COMMERCIAL  INTEREST!    JF  THE  HNTTED  STATES. 


VOL.  21. 


SATURDAY.  JULY  24,  1875. 


NO.  526. 


CONTENTS. 


THE  CSBOinOLC. 
It  of 


t^Wmn  ami ■n\UtmHVLimjtmjn»OQmmmd»i 

Tb«  Mm  ta  BnaMa*. WIOii—iiiM  uti  Mlinnnnwi* 

—     -  -   -    -      md  IM  I     W«w» 


n.«.i 

9aUUaikm, 


OlrflMka.  BoMoa  Buka, 
PMMMikla  lukii  Witlnail 


U«ii|iiMii«i  «>9tecfc»««< 
M««r  Tofk  IiMil  SwaritlM. 
tmrmttmm*  mt  »au,  OI17 
Oocpanlla*  FtaaacM  .  .. 


TBI  oomiBma*!.  muB 

m 

m 

M 


MfMrOoad* .... 


Tbb  Ookxxscial  AMD  rniAVCiAi.  CsBomoui  it  itauM  m  Srtwr- 
r.  wUk  a*  Ut4tt  MM  iif  to  aitfa^M  •/  JVMay. 


AmoTataeuM, 

nkMKtara,  m4  MUk4  !•  aO  atk«« 
rwOMTMrOi         ' 
yoraUMoMta. 


AAvotM 

■■  an  paMtakad  *(  *  awn  p«*  Uaa  l*r  aack 
Ha  mitn  Ma  ctvia  tar  •«•,  or  ■••hiBMrtloMk  a 
!*o  proaUa  of  eoall  - "    - 


lltafal  «aaaM«  la 

•iaea  aka  ka  (!«•■, aiaU  adTwttMn  ■••<  kam  aaail  < 
WiKlCTi  la  BaaklK  tadriMadal  tttmmmtmmfm 


TkaLaa4oaaaeaar  IkaOnoncta  U  •(  5o.t  AMda  rtlaia,  OM  Broad 
^tt.Whfm  lakautaHoaaMatokMat  Iki  fiilliiali  ■!■ 

Aaaa...  -  •iMotadoalatkaCkniakiaOaclaillatpoMac*) M   kL 

kU  awa  m'  idbtutpUaa .VT. lie 

lUAS  a.  i-tUA,    I  WILUAJI  a.  OAVA  k  OC  PakUakaf^ 

«oaa  a.  >u>r»,  tm.f  1*  aad  n  WUUaai  aiMt  !ntw  TOBK. 

pDvr  Oriwa  Box  4  Nt. 


\a«t  kla  wf  to  fflikrf  at  *0  caw 
oliwii>ikkllkrwk»i1>«iat  11  ati 


OS  Ik*  laaM  to  M 


fr  AaoaatoUHlaf  OMOannDMUhi.  «»  »~.~-..  rs. -.    i-iy 

tMB,  la  <lati^l«  for  laU  u  tka  o««a     aIm  oaa  «i  of  Bcirr't  MaacmAa  ra 
■Aauna,  IM*  to  Itn,  tUAjAbn*  «ala 


Tka  BmIbmi  Dipirft  of  Ik*  rnmoeu  U   mawlii 
ataraMa  to  How  Tort  Oltr  kr  Hr.  fnd.  W.  Jaaaa. 


Til  CfirTKOlLERI  mrilE^IT  OF  TH8  PHIKE  BILLS. 
**  The  fandunental  nfinnaaitj,"  it  hma  beeo  nid, "  of  any 
latDciBl  lyatam  ia  thu  it  akmll  be  atable  wad  pemuuient.'- 
CapitB]  ia  timid,  mod  it  draada  ehsog*  and  innovation. 
On  thia  principle,  aa  well  aa  for  other  reaacma,  we  opponed 
the  fiaaooe  fatUa  paaied  in  Congreaa  laat  Hcaaion.  The 
important  ehangea  which  were  thoa  made  in  oar  banking 
laws  have  given  riae  to  a  general  deaire  to  know  more 
than  ia  oaoally  oommnnicated  to  the  pnblic  relative  to 
the  basking  aitoation.  The  TreaAorj,  in  compliance  with 
tUa  popnUr  daain^  noantly  puUiahed  the  aUtement  of 
Um  Bedemption  Boreaa  for  the  laat  flaeal  year.  This 
daoMMBt  we  discnased  acme  weeks  ago.  We  have  to> 
4bj  aaolker  dooameot  of  etiaal  intereat  from  the  Comp- 
tnlkr  of  the  Corrency.    It  ia  intended  to  show  how  far 


the  laws  of  June,  1 874,  and  January,  1875,  have  disturbed 
the  condition  of  the  financial  machinery  of  which  the 
national  bankn  form  so  important  a  part.  We  print 
elsewhere  the  statistical  tables  of  this  letter,  which  is  one 
of  thn  moat  suggestiTe  documents  that  has  been  issued 
on  the  subject. 

In  the  first  place  it  shows  the  utter  baseleeaneas  of  the 
arguments  us^il  in  favor  of  these  bills  founded  on  an 
alleged  want  of  banks  and  bank  currency  in  the  South 
and  WeaC  The  old  restrictions  on  the  issue  of  notes 
against  which  so  much  clamor  was  raised  have  been  taken 
off  and  what  do  we  find  is  the  result  of  the  chauge  ?  The 
statement  of  the  Comptroller  is  clear  and  instructive.  He 
telb  OS  that  on  the  20th  June,  1874,  the  amount  of  bank 
notea  ontatanding  was  $349,804,182,  and  that  it  is  now 
#351,869,008.  Next  he  says  that  under  the  provisions 
permitting  the  withdrawal  of  bank  notes,  $25,523,057  of 
notes  had  been  given  np  by  the  banks,  while  no  more  than 
$11,001,892  of  new  oirtnlation  had  been  taken  out  during 
the  same  period.  Theae  facts  would  seem  to  in^icite  that 
the  "  timidity  "  of  conaervative  banks  had  been  already 
excited,  and  that  sonte  of  them  were  retiring  from  the 
note-issuing  bosineaa.  When  all  the  notes  already  sur- 
rendered shall  have  been  destroyed  and  cancelled  the  net 
oontraotion  will  amount,  for  the  fiscal  year,  to  $13,921,- 
165,  which  ia  rather  below  the  eatimate  we  made  some 
time  ago. 

Thirdly,  the  Comptroller  paases  to  another  provision  of 
the  Sherman  bill  of  January,  1875.  This  law  authorised 
an  unlimited  issue  of  bank  notes,  and  provided  that  for 
every  lu  millions  issued,  8  millions  of  greenbacks  should 
be  withdrawn  till  the  greenback  iasne  should  be  reduced 
to  $300,000,000.  In  oonformity  with  this  Uiw,  $6,228,420 
of  greenbacks  have  been  withdrawn  since  tbe  1 4th 
January  last.  >)eing  80  per  cent  of  the  $7,785,525  of 
)>ank  n^ntnsned  ainoe  that  date.  According  to  the 
ComptroUer'a  figurea  then,  the  whole  contraction  of 
bank  notea  baa  been  $13,021,166,  and  of  greenbacks 
$6,228,420,  giving  a  total  contraction  of  more  than 
twenty  millions  of  dollars.  Adding  this  sum  to  the 
fifteen  millions  of  contraction,  which,  as  we  lately 
showed,  ia  due  to  the  redemption  of  bank  notes  and  to 
the  delay  pertaining  to  that  process  and  to  the  reissue 
of  new  notes,  we  shall  arrive  at  the  aggregate  of 
45  millions  aa  the  whole  of  the  contraction  due  to  the 
finance  bills,  whose  paaaage,  it  was  predicted,  would 
cause  so  much  inflation  both  of  the  currency  and  of 
credits. 

These  facts,  however,  are  bdt  preliminary.  The  Comp- 
troller next  proceeds  to  give  a  aeries  of  tables  of  which 
ahe  first  shows  how  many  new  banks  have  been   organ- 


74 


THE  CHRONICLE. 


[July  21  1875. 


Ued  and  how  many  notes  have  been  issued  in  each  State 
since  freedom  was  conceded.  The  number  is  63  banks 
with  a  capital  of  7  millions,  one-third  of  the  whole  being 
in  Pennsylvania.  Next  we  have  the  list  of  conservative 
banks  which  have  gone  out  of  the  note-issuing  business. 
These  banks  have  given  np  $20,889,534  of  notes  for 
which  they  have  deposited  the  greenbacks  and  reclaimed 
the  bonds,  the  latter  doubtless  being  sold  at  the  high  prem- 
ium which  these  bonds  commanded  of  late  in  the  market. 
It  will  be  interesting  to  watch  the  further  effects  of  the 
provision  given  in  the  new  law  which  allows  national 
banks  to  withdraw  all  their  bonds  from  Washington  ex- 
cept $50,000,  instead  of  being  compelled  to  deposit  bonds 
of  the  face  value  of  one-third  of  their  capital,  as  required 
by  section  16  of  the  old  banking  law  of  1864. 

The  Comptroller  next  gives  us  a  table  of  the  States 
from  which  these  20  millions  of  greenbacks  have  been 
deposited,  showing  the  relative  proportion  derived  from 
the  banks  of  each  State.  In  this  list  New  York  has 
$6,846,435,  IHinois,  Missouri  and  Indiana  coming  next. 
What  is  remarkable  is  that  South  Carolina,  Georgia, 
Louisiana,  Virginia,  Texas,  Kentucky  and  Tennessee, 
with  other  Southern  States,  are  all  contributors  to  this 
list  of  banks  that  have  given  up  their  note  circulation.  In 
other  words,  the  very  States  in  whose  behalf  the  author- 
ization of  more  banks  and  more  bank  notes  was  asked, 
have  been  among  the  first  to  give  up  a  considerable  part 
of  the  notes  which  they  had  before  the  law  was  passed. 

The  last  of  the  Comptroller's  tables  is  of  more  general 
importance.  It  touches  a  vital  part  of  the  financial 
system — that  of  the  reserves.  It  has  been  for  years  a 
distinctive  feature  of  the  National  banking  system  that 
we  secured  by  it  a  more  adequate  cash  reserve  than  had 
been  held  under  any  previous  banking  system.  Tliis 
peculiarity  of  heavy  cash  reserves  has  given  to  our 
banks  much  of  that  steadiness  that  has  preserved  them 
from  the  danger  of  frequent  panics  which  were  so  for- 
midable in  1857  and  in  earlier  times.  The  value  of  these 
reserves  is  so  much  appreciated  that  when  the  law  of 
June,  1874,  relieved  the  National  banks  from  their 
obligations  to  keep  a  legal  tender  reserve  against  their 
circulation,  and  established  in  lieu  of  it  the  5  per  cent, 
redemption  fund  at  Washington,  it  was  generally  feared 
that  a  blow  had  been  struck  at  the  credit  of  our  banks 
and  at  the  permanence  of  the  National  banking  system. 
By  the  Comptroller's  statement,  we  find  that  the  old 
habits  of  the  banks  have  led  them  to  keep  as  much 
reserve  as  formerly,  so  that  they  now  hold  148  millions 
instead  of  103  millions,  showing  an  excess  of  45 
millions  over  the  minimum  legal  requirement. 
Of  this  excess  the  country  banks  hold  $22,935,523,  those 
of  the  14  central  cities  $14,029,593,  and  those  of  New 
York  city  $8,388,219.  How  far  this  excess  is  due  to  old 
conservative  habits  on  the  part  of  the  banks,  and  how 
far  to  the  dulness  of  business,  which  does  not  make  it 
easy  for  the  banks  to  lend  their  idle  funds,  is  a  question 
which  we  can  better  solve  when  a  little  more  time  has 
elapsed  so  as  to  prove  whether  the  banks  will  really 
avail  themselves  of  the  freedom  the  statute  now  allows 
them,  to  reduce  their  cash  reserves  below  the  safe  level 
of  former  times. 

On  the  whole,  this  statement  from  the  Comptroller 
sustains  the  arguments  by  which  the  finance  bills  were 
opposed  last  winter.  These  objections  were  for  the 
most  part  founded  on  the  principle  that  the  promoters 
of  the  bills  had  wholly  mistaken  the  nature  of  the 
disease  which  they  attempted  to  cure.  That  malady 
was  a  deficiency  of  floating  capital  accessible  to  agricul- 
tural and  other  industries  to  which  banks  can  lend  ver^ 


little  aid.  What  was  really  needed  by  the  country  was 
some  form  of  agricultural  credit.  Banks  and  other 
commercial  institutions  of  credit  have  been  multiplied  in 
this  country  until  that  part  of  our  financial  system  has 
reached  the  utmost  bounds  of  healthy  development. 
What  is  wanted  to  complete  and  to  g^ve  symmetry  to 
our  financial  system  is  something  which  cannot  be 
conferred  by  banking  facilities,  however  they  may  be 
multiplied.  Whether  Congress  can  usefully  attempt 
anything  for  the  relief  of  this  want  is  a  point  we  must 
reserve  for  future  discussion. 


POLITICAL   ECONOMT   IN  EUROPE. 

We  have  more  than  once  observed  that  among  the 
incidental  effects  produced  by  the  indemnity  payments 
from  France,  there  would  be  probably  developed  in 
Europe  an  active  study  of  the  science  of  political  economy. 
This  expectation  has  already  been  verified.  Since  1870 
the  number  of  German  economic  treatises  has  been  much 
greater  than  in  any  previous  like  period.  One  of  the 
latest  and  best  of  these  works  has  just  been  published  by 
Dr.  Wilhelm  Roscher.  On  this  book  a  suggestive  critical 
essay  is  given  in  the  Fortnightly  Review,  by  Mr.  T.  E. 
Cliffe  Leslie.  Roscher's  fundamental  principle  is  that 
every  age  of  national  development — every  system  of 
positive  law  which  prevails  in  any  country, — requires  for 
its  harmonious  working  a  corresponding  economic  sys- 
tem. Political  economy,  in  his  view,  is  the  physiology 
of  national  life.  He  argues  that  in  an  early  stage  of 
national  growth,  among  any  given  people,  one  set  of 
economic  functions  are  supreme,  and  at  a  later  stage 
another  set  of  economic  functions  may  be  expected  to  be 
prefeiTcd  before  them.  Nations,  like  men,  have  their 
infancy,  their  childhood,  their  maturity  and  their  decline. 
Hence  economic  science,  while  it  gives  us  general  prin- 
ciples of  the  widest  scope,  admits  of  the  greatest  pos- 
sible diversity  in  the  application  of  these  truths  by  the 
practical  statesman  and  legislator.  As  Mr.  Samuel  Laing 
observed,  every  nation  has  something  peculiar  in  its 
political  economy,  just  as  it  has  its  own  peculiar  national 
character. 

Hence,  Roscher  denies  in  the  most  positive  manner  the 
doctrine  of  some  modern  English  and  French  authorities 
that  political  economy  is  a  body  of  universal  truths  or 
natural  laws,  a  science  which  has  nearly  reached  perfec- 
tion, and  whose  fundamental  principles  are  as  fully 
ascertained  and  indisputable  as  those  of  mathematics. 
Against  this  English  theory  Roscher  protests.  The 
science  of  economics  he  very  truly  says  has  little  in 
common  with  mathematics.  It  has  neither  its  self-evident 
postulates  and  axioms,  nor  has  it  any  body  of  definitions 
universally  accepted.  But,  on  the  contrary,  it  has  scarcely 
a  single  definition  completely  settled  and  universally 
agreed  upon.  Political  economy,  according  to  Roscher, 
is  a  branch  of  philosophy  which  has  received  various 
forms  in  different  times  and  places,  from  social,  political 
and  industrial  circumstances  ;  and  it  is  still  at  a  stage  of 
very  imperfect  development.  The  science  of  economics 
bears  a  close  analogy  to  the  science  of  physiology.  The 
latter  treats  the  human  organism,  and  the  former  the 
national  organism,  as  an  active  being,  capable  of  growth 
or  decadence  and  exercising  functions  which  must  be 
watched  and  classified,  analyzed  and  grouped  together. 

As  the  facts  and  conclusions  of  physiology  form  a  basis 
tor  the  physician  in  his  treatment  of  the  body,  so  does 
political  economy,  as  interpreted  by  Roscher,  form  a 
basis  for  the  statesman  in  his  treatment  of  the  maladies 
of  the  nation.     Hence  Roscher,  like  Bacon,  lays  great 


July  24,  1875.] 


THE   CHRONICLE. 


75 


npon  fact«.  The  obaenation  of  eoonomic 
ph«iioinena,  their  olawification,  SDalysis  and  grouping  to- 
£)g|mr  coostitnte  the  indispensable  material  out  of  which 
the  great  fabric  of  eoonomio  science  must  be  built.  This 
is  the  only  quarry  from  which  the  stones  of  the  edifice 
can  be  dog.  In  these  general  views,  Roscher  does  not 
preteod  to  much  originality.  They  are  as  old  as  Aris- 
totle, though  by  modem  economists,  of  late  years,  they 
have  been  too  much  overlooked.  This  defect  has  led  Dr. 
Roscher  to  criticise  with  some  severity  the  labors  of 
English  economists  dnring  the  last  quarter  of  a  century. 
They  are  not,  he  says,  worthy  sncceesors  of  Smith  and 
other  English  eeonomisU  of  earlier  times.  His  strictures 
are,  p«rlu^M,  indiaohminate,  still  there  is  too  much 
ground  for  the  reproaoli  that  mo<lern  writers  have  dis- 
cussed political  economy  as  if  man  were  merely  "an  ex- 
changing animal,"  as  Archbishop  Whately  defined  him, 
or  as  if  human  society  were  led  by  a  blind  pecuniary  in- 
terest, removed  from  all  the  varying  conditions  of  time 
and  place,  of  national  and  social  oiganization  in  which 
•kwe  we  know  it.  No  scieatific  or  practical  results  of 
r$lne  can  be  expected  from  such  efforts,  which  are  as 
barren  and  misguided  as  were  the  lucubrations  of  the 
sohoolmen  of  the  middle  ages.  In  this  country  as  in 
Germany  the  practical  habits  of  the  people  demand  a 
betu-r  method  of  invevtigstiflg  and  reasoning  upon 
economic  facta.  We  want  to  inYMtigate  man  as  he  is; 
•and  not  aa  he  might  be  under  some  Utopian  ceoBomy  of 
•oeiflly  where  he  might  be  more  free  thaa  we  nee  him, 
and  more  prone  to  follow  the  selfish  tendencies  of 
pecuniary  interest.  We  have  said  that  there  are  three 
oountries  where  practical  investigations  into  eoonomio 
fa«ts  may  at  the  present  time  be  pursued  with  singular 
advantage.  Theae  three  coantries  are  Germany,  t^amw 
and  the  United  States.  For  in  each  of  theae  nations 
edpnomie  changea  are  going  oo  that  have  alre«dy  starte«i 
aa  eztriortfnary  deTelopment  of  prodnotive  power  and 
industrial  life,  the  future  of  which  it  looked  forward  to 
with  gre«t  interent. 

As  a  field  fur  economic  study  Germany  ia  prafcned 
by  some  persons  ovit  all  othri  coantries  at  the  preaent 
mnmeiit,  political  economy  being  defined  as  the  science 
»l  I'  h  treaU  of  the  forces  that  canae  a  nation  to  grow  in 
wealth,  and  rtermany  being  the  aMioa  in  which  those 
force*  are  exhibiting  the  oiost  extraordinary  activity. 
Among  the  <iennao  economic  changes  which  attract 
notice,  oa*  is  the  liberation  of  labor  by  the  diaaoiation  of 
tke  tnelMagailda.  A  few  yean  ago,  in  IM9,  these  i>\d 
A*«kles  were  struck  off  which  bad  for  ages  fettered 
mechanical  industry  in  Germany.  Thus  the  activity  of 
industry  received  an  impulse  which  is  only  just  beginning 
tn  «how  iu  fall  eoesgy.  For  several  yearn  its  benefieent 
results  h^ve  hetn  hindered  by  **■"  -'-^kcs  and  hy  the 
miscbievonA    mntroveraias    of   -  theorists    and 

revolationary  enthnaiaets  whose  dreaais and  projects  have 
not  erm  yet  ceased  to  do  misebief.  A  seoond  great 
series  of  economic  changes  have  been  started  by  the 
eatabliabiMBt  of  the  Bmpire  with  its  powerful  moohanism 
for  the  national  nniflcatinn  of  the  40  millions  of  people 
whose  industrial  development  was  for  centuries  checked 
by  their  division  into  a  inultitade  of  States. 

Tbe«/»  and  other  industrial  dianges  would,  however, 
have  been  much  less  powerful  bad  they  not  received  an 
impaiae  from  the  new  wealth  which  has  been  poured  into 
Germany  sine*  the  treaty  with  Prance  of  10th  May, 
1H71.  By  that  treaty  Germany  was  to  receive  as  indem- 
nity for  the  eTpenaes  of  the  war,  five  milliards  of  francs, 
or  l,0<)0  millions  of  dollars,  in  yearly  insulmenu  of 
$«00,000,t)00,  with  interest  at  five  per  cent,  till  the  annaal 


dates  of  payment.  On  the  16th  of  March,  1873,  t700, 
000,000  had  been  paid,  and  a  convention  was  made  that 
the  remaining  #300,000,000  should  be  paid  up  by  the  oth 
of  September,  1873,  with  interest  and  other  payments 
amounting  to  about  $6,000,000.  This  arrangement  was 
carried  out,  and  instead  of  the  payments  extending  into 
1875,  as  agreed  by  the  original  treaty  of  May,  1871,  the 
whole  transaction  was  closed  5th  September,  1873.  Thus 
the  transfer  to  Germany  of  1,110  millions  of  capital  was 
completed  in  twenty-eight  months  instead  of  forty-six 
months,  as  originally  proposed.  It  is  the  rapidity  with 
which  this  vast  displacement  of  capital  was  being 
effected  in  1872  and  1873,  which  constituted  the  chief 
danger  of  the  operation  and  led  us  to  anticipate  that  by 
the  disturbance  of  prices,  and  the  industrial,  social  and 
meroantile  ohangea  produced,  the  leading  thinkers  of 
<«ermany  will  be  attracted  toward  <H?onomio  studies  for 
some  years  to  come.  The  course  of  argument  adopted 
by  several  recent  writers  is  so  well  adapted  to  the  wants 
and  views  of  Ameiioao  economists  that  we  shall  be  glad 
to  see  these  books  >»nwlrtad  by  some  competent  hands. 
Beaides  the  ecoooauo  works  of  Dr.  Koscher,  those  of 
Sohnioller,  Brentano  and  other  sound  economists  merit 
the  attentioiiof  those  of  oar  readers  who  are  interested 
in  eoonomic  studies  and  like  to  see  them  discussed  after 
the  hlitorio.asethod. 


TBI  RISE  n  BKKADmPF!;. 


Oar  mercantile  community  have  become  in  some 
degree  accustomed  to  violent  fluctuations  in  the  values 
of  leading  staples  of  commerce,  often  without  apparent 
or  adequate  cause.  They  are  the  natural  result  of  the 
want  of  confidence  in  the  general  situation  as  relating  to 
boaiaeaa,  which  has  prevailed.  Uncertain  of  their  posi- 
tion, people  are  apt  to  yield  themselves  unresistingly  to 
surprises.  Of  these,  none  has  attracted  more  attention, 
and  perhaps  none  has  deserved  more,  than  the  advance 
which  has  recently  taken  plaoe  in  flour  0\d  wheat.  It 
has  already  exerted  a  wide-spread  influence.  It  has  con- 
tributed to,  if  it  hM  not  directly  promoted,  a  speculation 
in  the  shares  and  bonds  of  Western  railways.  It  has 
di-prcsaed  exchangee,  and  formed  one  of  the  influences 
which  have  resalted  in  the  decline  iu  the  premium  on 
gold.  It  has  caused  great  activity  in  ocean  freights  at 
higher  rates,  and  revived  the  hopes  that  a  renewal  of 
pronjionty  ■      '     •  r:il  business  is  close  at  hand. 

A    disp'  '  \i8ts  to  attribute  the  rise  which  has 

taken  place  in  the  prices  of  flour  and  wheat,  solely  to  the 
floods  which  have  occurred  in  France,  and  to  the  pro- 
longed rains  which  have  fallen  in  England.  But  it  is 
one,  in  no  small  degree  to  other  circumstances,  some  of 
which  have  been  in  exislenee  for  a  considerable  period. 
These  have  been  caref  ully  pointed  out  in  the  editoria 
columns  of  TtiK  I'liKoyiri.R,  as  well  as  in  its  weekly 
review  of  the  market,  but  they  seem  to  have  attracted 
no  more  than  a  momentary  attention  ;  and  the  dominant 
ii  '  of  an   active  nature  have  till  a  recent  date, 

).  ird    lower  prices.     England  seemed  quite  well 

satisfied  *ilh  the  situation.  To  be  sure,  her  stocks  in 
warehouse  were  comparatively  small  ;  but  the  prospects 
of  her  growing  crop  wore  good,  and  her  dealers  were 
made  to  believe  that  our  farmers  were  holding  back 
their  crop  for  higher  prices,  and  that  it  was  only  neces- 
sary to  keep  purchases  for  export  in  the  narrowest 
limiu  to  defeat  this  purpose. 

But  in  the  meantime  clouds  were  gathering  over  the 
market.  From  California  came  advices  of  wet  weather  at 
the  time  of  harvesting;  the  crop  of  Winter  wheat  in  the 


'>>76 


THE   CHRONICLR 


[July  24,  1875. 


Middle  and  Northern  States  proved  to  have  been  killed 
out  to  a  large  extent  by  the  severe  weather  to  which  it 
had  been  exposed;  the  surplus  of  France  proved  to  be 
much  below  the  estimaten  at  the  opening  of  the  season ; 
the  receipts  at  Western  markets  continued  to  show  a 
large  falling  off  as  compared  with  last  year,  so  much  that 
the  aggregate  diminution  to  July  10th  from  Sept.  Ist  was 
940,000  bbls.  of  flour,  and  22,000,000  bushels  of  wheat, 
or  about  25  per  cent.  On  the  other  hand  the  diminished 
exports  caused  our  visible  supply  to  be  maintained  larger 
than  last  year,  but  this  was  at  the  expense  of  stocks  in 
Great  Britain,  and  therefore  had  no  significance. 

Hence  the  market  was  in  a  condition  of 
extreme  sensitiveness  at  the  very  moment  when 
the  unfavorable  weather  in  the  west  of  Europe  came  to 
precipitate  a  rise,  the  elements  of  which  already  existed; 
namely,  very  low  prices,  with  impaired  prospects  for 
supplies  in  the  future.  We  had  intended  to  present 
some  statistics  of  stocks  in  our  own  and  foreign  mar- 
kets; but  thoy  would  have  little  or  no  relation  to  the 
present  juncture.  We  have  had  what  is  called  a 
"  weather  market,"  and  the  cessation  of  rain  in  England, 
with  the  return  of  average  harvesting  weather,  would 
probably  pot  an  entirely  new  face  upon  matters;  the 
•*  scare  "  would  be  over  for  the  moment.  Not  that  any 
important  decline  in  prices  is  likely  to  be  permanently 
established,  but  so  sharp  an  advance  may  naturally  be  ex- 
pected to  be  followed  by  a  reaction  so  soon  as  the  active 
influence  which  promoted  the  speculation  shall  cease  to 
be  felt.  It  can  hardly  be  doubted,  however,  that  the 
world's  supply  of  wheat  for  the  ensuing  season  has  been 
reduced;  precisely  how  much  it  is  too  early  to  determine 
with  any  degree  of  accuracy.  It  is  pretty  certain  that 
the  Cotton  States  have  grown  more  wheat  than  usual, 
and  thus  have  made  good  in  a  measure  the  deficiency  in 
the  crop  of  Winter  wheat,  in  the  Northern  and  Middle 
States.  Our  crop  of  Spring  wheat  has  latterly  made  ex- 
cellent progress,  but  is  still  exposed  to  many  dangers. 
Prolonged  rains  at  the  Northwest  in  August  would  have 
scarcely  less  influence  of  a  speculative  character  than  has 
been  exerted  by  the  rains  of  July  in  England.  Conse- 
sequently,  there  is  no  basis  from  which  operators  can 
proceed  upon  the  general  principles  of  demand  and 
probable  supply.  Speculation  in  wheat  woi»ld  be,  there- 
fore, at  this  time,  mere  gambling  upon  weather  proba- 
bilities. 

The  recent  advance,  however,  has  not  been  suffi- 
ciently great  to  produce  any  decidedly  evU  effects  any- 
where. It  has  probably  added  something  to  the  de- 
moralization already  existing  in  the  markets  for  cot- 
ton at  Liverpool,  and  for  manufactures  at  Manchester 
and  elsewhere.  But  the  wheat-growing  community  Is  a 
large  one;  the  prices  realized  In  many  sections  have  not 
been  remunerative  to  growers;  even  present  prices  are 
rather  below  the  average;  bread  Is  still  cheap;  the 
advance  that  has  taken  place  Is,  therefore,  an  adjust- 
ment instead  of  a  disturbance,  and  by  restoring  a  large 
branch  of  industry  to  a  paying  basis,  contributes 
actively  to  the  revival  of  trade.  Yet  a  scarcity 
of  breadstttffs,  with  an  advance  in  prices  to  extreme 
high  figures,  the  business  of  the  world  is  now 
in  no  condition  to  endure.  It  would  aggravate  many 
evils  which  now  can  scarcely  be  borne.  It  would 
depress  many  branches  of  manufactures  already  stag- 
gering under  their  loads.  It  would  delay  or  render 
difficult  that  adjustment  of  wages  of  operatives,  which 
Is  called  for  by  the  altered  condition  of  the  times,  and 
otherwise  intensify  or  prolong  difficulties  which  the 
present  moderate  advance  will  rather  aid  in  throwing 


off.  Money  is  easy,  and  the  spirit  of  speculation  once 
turned  in  any  direction  Is  apt  to  be  pushed  to  a  danger- 
ous extreme.  It  is  timely,  therefore,  to  invoke  wise  and 
unselfish  counsel's  and  prudent  action. 


THE  NATIONAL  BANES  AND  THE  FINANCE  BILLS. 

The  following  statistics  have  been  prepared  by  the 
Comptroller  of  the  Currency  to  show  the  effect  of 
the  Finance  Bills,  passed  during  the  last  session  of 
Congress: 

BAMKB  OBGABIZED  SIHCB  JAUtfAKT  14,  187B,  WITH  THIIB  CAPITAL  AHD  CIBOU- 
LATIOH  ISSUED  THBBBON  TO  DATI. 

Clrcnrn 
iseaed. 


SUte. 


No.  of 
Banks 

Maine 5 

N.nampsblre  1 

Vermont i 

HaesachQs'tte  8 
('onnectlcnt..  1 
New  York....  6 
New  Jersey..  4 
Pennsylv'nia.Sl 

Virginia 1 

Kentucky....  2 


Capital. 

$8-25.000 
100,000 
200,000 

1,48C,0«0 
100,000 
550,000 
400,000 

3,665,000 
74,000 
800,000 


$99,300 

46,000 

27,0(10 

364.100 

31,500 

275,400 

119,000 

765,860 

ai'.soo 


state. 


Tennessee....  1 

Ohio.  3 

Indiana 2 


BfiSjcaplUl. 


Illinois. 
WlsconBln. 
Minnesota, 
Iowa 


50,000 
160,000 
160,000 
100,000 

50,000 

100,000 

100,000 


Circnl'n 
issued. 
36,000 
59,700 
68,600 
54,000 

36,660 
58,600 


63    $7,004,000   $2,061,250 


LBSAL  TKNDKRB  DEPOSITED  fBOX  TOME  20,  1874,  TO  JIJNE  30,  1875— IKSOLTEHT 
BANKS,    LKjniDATINB  BAMKS,   AHD  TODER  ACT  OF  JXJSE   20,    1874. 


InsolTent. 

June  20  to  July  1 $106,857 

186.(98 

56,115 


July. 

August 

September.. 

October.... 

November.. 

December.. 

January . . . 

February... 

March 

April 

May 

June 


192,041 
154,468 
330,187 
146,119 

STJOSi 

34|d66 
288,300 


Liquidating. 
$127,880 
257,400 
317,600 
180,000 
269,201 
42,500 
131,400 
507,195 
296,650 
334,912 
278,838 
275,950 
426,166 


Act  June  20. 

$870,600 

2,724,960 

2,816,700 

973,400 

526,900 

61,199 

261.200 

1,126.395 

2,987,560 

2.483,605 

1,984,625 

1,337,;150 

2,385,160 


Total. 

$1,105,337 

3,158,043 

3,190,425 

1,153.400 

988,143 

,  258,167 

722,787 

1,778,809 

3,283,100 

2,875,448 

2,261,463 

1,637,309 

3,099,626 


$1,640,921         $3,442,601         $20,539,534        $25,523,057 


LEGAL  TENDERS  DEPOSITED  SINOE  TUNE  20,   1874,  BT  STATES. 


Insolvent. 

Maine 

NewHampshire .... 

Vermont .... 

Massachusetts .... 

Rhodelsland 

Connecticut 

New  York $118,400 

NewJersey 

Pennsylvania .... 

Maryland .... 

District  of  Columbia 214,719 

Virginia 527,879 

West  Virginia 

South  Carolina ..  

Georgia 

Louisiana 271,061 

Texas .... 

Kentucky .... 

Tennessee  

Missouri ..  . 

Ohio ,.  .  .. 

Indiana 6J,187 

Illinois 195,100 

Michigan 

Wisconsin 

Iowa .... 

Minnesota....        ■■■. 

Kansas 78,875 

Nebraska .... 

Colorado — 

Utah 78,900 

Montana .... 


Liquidatiog. 

$41,200 

27,400 

60,600 

96,400 

27,656 
251,300 

23,060 
348,407 
166,600 

77,466 
646,900 

169,666 
261,000 


148,001 

146.800 
198,995 
272.800 
27,000 
183.300 
176,888 

166ii66 

itisoo 


Act  June  20. 


$395,000 
153,900 
177,700 

6,846,435 
297.000 
346,700 


239.600 

90,000 

573,580 

146.000 

383.000 

45,000 

314,000 

315,369 

2,813,360 

127,950 

1,114,200 

3,378,530 

541,300 

51.3,100 

784,100 

698,060 


40,480 

196!  880 
27,000 


Total. 

$41,200 

27,400 

60,500 

491,400 

163,900 

804,760 

7,216,135 

320,060 

495,107 

166,600 

314,719 

834,879 

736,900 

573,580 

316,000 

915,062 

45,000 

314,000 

463,260 

2,813,850 

874,750 

1,375,582 

3,846,430 

568,800 

698,400 

960,988 

693,060 

338,975 

40,480 

86.600 

270,000 

27.000 


$1,540,922       $3,442,601     $20,537,634     $25,523,067 

■TATEKENT  OF  THE  CASH  REBERTE  OP  THE    NATIONAL    BANKS    AT  THE  OLOBB 
or  BUSINESS  MAY   1,    1876. 

States  and 

Territories      Cities.* 

Cash  reserve  required $85,400,358  $28,557,813  } 

Cash  reserve  held 48,336,851    42,617,406 


Legal  Tender  Notes. 34,414,616  25,483.540 

V.  8.  Certificates  of  Deposit. ...  790.000  11,976,000 

Specie 1,217,858  1,497,788 

Five  per  cent  Redemption  Fund  11,913,977  3,661,078 


N.Y.  City.       Total. 
1  $49,376,434  $103,364,675 
■    57,764,663    148,717,910 

83,979,103  83,877.269 

25,890.000  38,656,000 

6,683,326  9,398.378 

1,218,224  16,787,279 


REOAPITtlLATION. 

Cash  reserve  held $148,717,910 

Ca'h  reserve  required 103,364,575 

Excess .' $45,353,335 

•  Albany,  Baltimore,  Boston,  Cincinnati,  Chicago,  Cleveland,  Detroit.  Louis- 
ville. Milwaukee,  New  Orleans,  Philadelphia.  Pittsburgh,  St.  Louis  and  Wash- 
ington. 

Cate0t  fHoiietarn  aiiir  (Eommercial  (Jngltal)  Neina 

Bnxllsh   iTtarHet  Keporta— Per  Cable. 

Thednily  closiiif;  quotations  in  the  markets  of  London  and  Liyer- 
pool  for  the  past  week  111  ve  been  reported  by  cable,  aa  shown  in 
the  following  Bummii>  : 

London  Money  and  Stock  Jf<»rft«<.— American  securities  have 
steadily  advanced  since  last  Friday. 

The  bullion  in  the  Bank  of  England  haa  increased  £726,000 
during  the  week. 


July  24,  1875  ] 


THE   CHTtONICXE. 


77 


Bat         Mod.       Ta«t.    Wed.         Thar.  Pn- 

OouoUforaonar M  1-1(     »n-M     M*- KM  1-16     MS  M  7-14 

"      aceout MM  M  »-M    MS»-1CMT-1«      ««^  M  7-16 

--    "       iMT 101         mit     ma    lorij       jot?      i€8 

0.  S-UMOs IMX         IMV       mx      I06K         !MV         109V 

N««5« UKX         lM<f       N8         lOSJi         lOSK         lOStf 

Tb>    qaottUona    lor   (Taited   SUtsa  8a  (1803)   at  Fr*akfort 
w«i«: 

0.8.«a(MIMUn    KK  tdH         ....  «8X 

Uwtrftai  Chiton  JVirJcit.— Sao  ipadal  report  of  eotton. 
Umrpttk  BrtadMtuft  Jrarifc«<.— The  market  eloeed  strong  it 

advanced  qnotatioae. 

■at.  Moil  Taea.  Wad.  Thnr.  Pri. 

_,       ,_          .           _^^,    *;  i.  ».   d.  •.   d.  ».  d.  •.  d.  a.  d. 

E?*'<^**!l!a>' »bW«    0  »■  MO  MO  HO  MO 

''if*'lWjr»-»P"-»"'    »"  •"  »»  »•  WO  10    0 

-      *adWlBt»r)  ...    "to  (•  98  lU 

**     jpw.Wklla  dab)  "     ail  (11  10    s  w   t  It    S  It    4 

Oora  ( W.  mlzad)  9  qaartar  ao  S3(  Sl«  US  SS«  iS9 

Ptaa(0— xMaat. .» eaaitat  4t   0  41    •  41    o  41    0  4«   o  41   0 

U**n>Ml  PratiMm*  Marlut.—Qiieeae  hM»  talleaoff  6d.;  pork, 

bMoa  and  lard  are  higher,  a*  will  be  leen  by  annexed  quoUUona. 

•at.     Hoa.      Taaa.      Wad.      Thar.        Pri. 

...  _  •■d.a.d.a.  d.a.   d.       a.d        a.d. 

Baar(Baa*)a«wf  tea BO       «0      460       (50       (50       (50 

Pork  (aaaa)  Dew  «l>b!...  KO  Tt*  TIO  151  75  0  ISO 
itMaa(loBtel.mrd.)Ve«(  5*0  U  t  H«  (•(  no  UO 
Lard  (Aaerlcaa)  ...  "  MO  ««  »  9  UO  MO  HO 
alAaar'a  f  aal    ■'        M(       M(      51    •       MO       MO       MO 

UMn>»riJ'rodme4  Jfarktt.—PtUm  bare  ruled  iteadj  throogb- 

Wed.      Tbar.       ril. 
a.  d.      a.  d.      a.  d. 

SO        SO        SO 

la  0     u  0     la  0 
(  •  ( 

t  t  s 

40    (       40    (       40    ( 

no     no     n  ( 
n  (     n  (     MS 

London  Prodtut  and  Oil  Mmrk4U.—hM  eomparad  with  a  week 
afo.  the  followioir  ehange*  are  Botieeablei  Aa  adTaaeaof  U.  !■ 
aggar,  a  daeiioe  of  CX  In  ■p«flioU,ft 
cake,  aa  adtanee  of  8d.  is  llnwai,  and  aa 
oil. 

Mat.  Moa.       Taaa. 

«  a  d.    «e.  d.   <  a.  d. 
l,:a<'de'k«(oM).Vlc  10  Id    •  I«  :0    (    M  10    0 
Uaa«ad(Oalc«ltal....        »|    •       St    0         SO    0 
«««ar(Ni>.  U  O'ca  aid) 

aaapoLVcot tt   •       II    0        U    • 

O-Mnaoll  ....Wtaa.  M«*M0((80t 
Waaleoll     .  -'M(*>IO(MO( 

InU...  *c«t.        MS       M    a         MS 


aau  Moa.  Taaa. 

a  d.  iL  d.  a.  d. 

■oalafeocamoal...  fewt..    SO  5   0  S   • 

_"     (la«) ••       U    0  18    0  la   • 

Patro(«a.aireaa*J)....«n!        »  t  • 

.tulU} "888 

Tallow<ABarieaa>...«  e»t.  40   (  40   (  48   ( 

Oto*afaead(AB.rcd)..    -no  no  81  • 

Splrlu  tarpeatlaa -    tS   (  (8   8  MS 


Ota*.  laUi 
o<ld.laUaa*ad 


Wad.      Tkar.        Prt. 
«a.  d.  «a.d.«a.   d. 

Miotwiaowios 
so  0      81  a      u   • 

«    (         n(        88    s 

•aasnosnoe 

H00»80M(0 
MS         MS         MS 


(Jommcicial  aiiJ>  illisccUaueous  Xcius. 

laiMara  aad  Rcpurt*  roa  Taa  Wbbl — The  Import*  tbia 
••ok  ahow  aa  tawaaae  ia  both  dry  (ooda  aad  la  raaoral  ser- 
•aaadlaik  Tlt>  total  laporta  amoaat  l«  •S,Ml,2St  thto  week, 
ajcalaM  f4.M3MI  laat  weak,  aad  $4,368,188  the  prttrioaa  week. 
Tba  «X|>urte  arr  $5jM>Sj8a  thla  weak,  airatDal  |.'>.0I3.S48  laat 
wm<k  aoil  f't.luo.l.'U  tbeprevtoaa  week.  The  oiporta  of  eotton, 
the  paat  «r«wk  *rre  1. SIX'S  bale*.  ai;*liut  :0,»40  bale*  laM  week. 
Tbelollnwiiiiearvtbaimtionaat.Sew  York  lor  week  end  in*  ((or 
irr  cooda)  Juij  IS, aad  forth*  week  eadlac  (tor  coaeral  mer 
ebaadlaei  Jaly  10 :  >  i 


Dtt 


Tatal  fart— weak.. 

^aetoealy  rayovtad.... 


I  a«BI 

tan. 

|I.T*I,1W 
4JM1.(W 

Nia«,4(s 

tas.ni.g»T 


4.raj88 

j«LS«i.s8a 
Ma.ai'T.MI 


tfflK. 
•1.4(1471 

iiM^na 


.S»S:S  £:Sl-S 


"««'*^> «M4.T181SM     |a!S.I78,«88      aaiMaUn    «iaU88kl96 

la  oar  riport  ol  thedry  ffood*  trade  will  b*  louad  the  Importaof 
dry  (oodaior  one  week  later. 

The lollowtnir  la  aatatetneat  ol  the  exports(exelo*iTe  o(*p*el«) 
froantb*  port  of  New  York  to  loreign  porta.for  tba  week  aadlac 
Jnljr  20:  " 


Pot  Ua  weak 

Picetoaal  j  reporlad. , 


M«  »w  Tona  foa  Taa  van. 
tart.  1878.  1R4. 

iti&Cm    tSjSfJnt     £&m 


lais. 
•a.tnjM 


''•••> (iM^aajM   iis7.isi.8n   •laMta.au   ttaiu8,s8i 

rfaff  rnllowiaR  will  (how  the  export*  of  •p*eia  from  th*  port  of 
ff'  ■  r  the    week  eadlnff  July   17,   1875,  and  alaee  the 

h'-  '  'bt  year,  with  aeompariaoa  lor  tbe  eorreapoadiaf 

datr  In  nr»«io*a  rear*: 

hl7  l4-air.  Algeria 


SOrcrtan 

Ooldban 

tiarttaa  fold  aola .. 
Aantealair-dollara 


•M74a> 


Ja>TlS-Mr.Klepal*ck. 


'tatriT-Mcoanaaa.... 

J<iljl7-«<r.  Maaal 

iUT  IT-str.Adrtaila.... 


slS 


Same  time  id— 

1874 

1878 

187» 

1871 

1870.. 


I     Same  tune  to— 
....$SS,ie«.3J4|l88« 

....  a8.7;i,7B«  1 18*8 .;; 

....  4*786.08?  1 1967 

....  49.8»U57ll8«« 

n.on.issi 


.  57,S0«,SI( 
.  S3,774.0<i: 
.    «,719,151 


Tbe  imports  ol  apeeia  at  tuia  port  daring  tbe  past  week  have 
beenaafollowa: 
JuJy  1»-Slr.  Coloo AfpbiwaU SllTerbnIllon. 

StlTercoin.... 

Oold 

Gold  doat. 

Jair  14— atr.  Colnmbaa... Jiarana. Gold  .  . 

Jaly  1«— Bnc  Baglet Culdad  BoUrU.8UTer....V.".." 

t*ilver  bare 

Oold  bolltoa  . 
Jaly  14— Schr.  JCaria  Reynolds tAgnayra....... Gold 


Jaly  15— Brig  P.J.  MeiTTDian.8(7j4i;o  daOaba.aold°.°.'.'.' 
Joly  15— Str.  Cltjr  of  N,  V . .  .  .Htrana..  


July  I5-Sclir.  M.  PeDdletoB...Caracoa... 


....Gold.... 
..Gold 


818 

am 

ass 

178,875 

468 

887 

8.M0 

U.7«8 

11,«14 

Bt,aae 

640 


Total  for  the  week tMO.im 

PrarlonalT  reoortad I!".'.!;!*.;'.'.'.;  7,S6)i61 

'n>tal  lioee  jao.  1  1875» n  687  -41 

uaatlaala—  Same  time  In—  ••.<w',.»i 

WTO $7,317,101 

US9. 9.747,700 

J2S 4,00i.a8 

>8S7 1.606.875 

Natioicai.  Trsasitbt. — The  tollowing  forms  present  a  eum- 
marv  ol  certain  weekly  traaiactions  at  tbe  National  Treasury. 

!• — Securities  held  by  tbe  U.  a.  Treaaurer  in  trust  lor  National 
Baaksand  balance  in  tbe  Treasury: 


1S74 
1S7J. 
1878.. 
1871.. 


.•i.S8a.ia 

,ai85S.IM 

.  t,7ail.B43 
.  MM.1G6 


Week       .    Por 
aadlDc   Olrealatlon. 
Peb.  s..  saMdisao 

Peb.  IS..  891884.150 
Pab.SO..  »«,4(B.S30 

Peb.  n..  sst,osa.a^o 

Martha..  S8S.89*  190 
Marck  18  88t,(Jt.«ao 
March  80  Sai.a».S8« 

March  nsaa^assao 

April  S 

April  10.  8aMBl,IOO 

— - 

liqris..  sia^iaa^sa  tajatn^ 


iSai.a».S8«  lAsaMae 

isaa^Msao  uSmsb 

Mn.sis.am  K^aaMaa 


Por  O.  8. 
DaoosiU.      Total. 

laasMaa  4eQ,m,4Ba 
M,m.mo  se8.t88.8Ba 

11481180    881,981,860 
l(,ML<aa  S8114»,8B0 

tiittjaa  M.511,880 

IIIMQM   8n.7S4,8S0 
-^   (81.881,180 

sn.mtao 

(•(,881488 


Com  cer- 
tlflcatea 

CarrencT.  oaut'd'e. 

8.6tS.Or7    ta.517,800 


^Bal.  In  Treaanry , 

Cola.      - 
(1010,765 

n,9S7.a7t 

71810.776 


74,000,000 
70,900,815 
78,8M.738 
a0,174,051 


84,inj7S 

aian.(*s 


wi,-mjm  ai*a,aw 

l8B.B8iaia   88314.4(8 

a(i«Ki,iaa  aiaaMst 


,8(0  isMuaa 

,488     IIWUM 

_jm  tajatMaa  . . 

May  84...  snaMaa  laMjsa  aaMsfiaa  8ib6i.si8 

JaaaS..  tUmSS  U^MMM  8M,881iaa    ai(r,(M 

jaaais..  nini4aa  ii»a^8B*  (Bt,iu,8ea  sieoKja 

•      ■- .toa  isaaiaso  ssiTaiaao  r,oi?44( 

(OS  iiair,a(a  (8i«M,aBe  aiMisn 

,(08  11181888  8ai,5?.(aa  ITT... 


Joaald. 

iaae  M.  STMSli 

loiy  t.  .  rmaisaa 

lalylOi 

Joirir.  8n,isT, 


tlTaiaaa  asLia^sso  8s,80is48 
u.i8i8»  asiaaiaas  8I800.M7 


9.013.000 
S,67^,4J5 

(.ub^oob 

8.148,908 
(.SOKM 
MS4.ia8 

4°.4tt!9m 
1180,M4 
ll4ia«8 
1.081878 
1,871190 
1901,498 
1801800 
1444,798 
m4,(9S 
4.185,846 
1M1,M( 

9,M0!47I 
9.076,406 


SI.8l6.8ao 
SI,7M.90O 

tiobb.oob 

81141100 
84,861700 
94,019, 900 


tS.  198.400 
n.lSO.BOO 
HSll.&OO 
9140J.aro 
91,1(4,400 
80.M8(00 
90.119.800 
19,777,800 
11948,800 
IISOIIOO 
18.481700 

8S.8n°.Mo 
94.809.400 


t.— National  bank  carrency  in  eireulatlon ;  Iractlonal  currency 
rs**lr*d  trom  tbe  Uorreney  Bureau  by  U.  S.  Treasurer,  and  dls- 
tribotad  weekly :  also  the  amount  of  Utral  tenderadlatKbuted : 

Week  Notaala  ,-PractloaaJ  Cnrreocy ,  Le^.Ten 

OirealaltOB.    Baealvad.   DIatribaled.  Dlatrib'd.' 


fab. (  .... 
Peb.  18  ... 
Peb.  80  .. 
r.b.K  ... 
Marah*.., 
March  IS., 
March  80., 
March  n.. 

Apriia... 

April  10  .. 
AprlllT... 
April  St.. 

May  1 

Maya.... 
MayU... 
Mayas... 
JaaaS  ... 
Jaaeia  .. 
Jaaei*... 
JaoaM... 
Joly  8.... 
Joly  10... 
Jaly  17 

Tna  CtniBKitcT  aitd  rnc  BxcMxqccR.— A  meeting  bi  called 
for  tbe  dlseoaaioa  nf  the  current  at  tbe  rooms  of  tbe  Reform 
Club.  K",  South  WaahiDglon  aquare.  on  Wednraday  next,  at  8 
P.M.  Tbe  ol'J  r'.a  of  tbe  meeting  are  announced  to  be  to  pro- 
mote a  reform  «f  our  finaorial  aystem  and  to  appoint  delegates  to 
tb*  coaiog  Conrrntion  at  Cincinnati  in  October,  4U  proposed  by 
the  a**ting  of  4tb  May  at  Klehmonil,  Va. 

;e  *  Okia  Canal.— Tbe  lollowing  Is  an  abstract  nf 

intb  annual  rtpr>rt  ol  the  Prraideot  and  Lirectora  lor 

year  ending  December  31,  1874 : 

Isealpta  Iran  telle tSno,l48  18 

RecHpwhaa  other  aoaroas |7,9((  08 

Total  rassiptsftasB  all  sasiuss  $517,418  98 

This  i*  aa  Incraaaa  nrsr  the  raeeipts  of  1873  of  $80,406  T,i,  and 
OT«r  tbe  raeeipts  of  1878  of  $0,701  'lO. 
The  *apan*e*  for   operating  canal,  including  the  salariea  of 


845,011488 

184,700 

s.!nini 

844.810,4(8 

884.100 

1SM,M1 

»M,4M.m 

ml  NO 

iMiaaa 

•41881(18 

ISOSSM 

wtumjm 

8818M 

.S.W1880 

wnkjKtjm 

St9.0UO 

'iMUsse 

•47.481881 



S.8S7.1tl 

an.atiioa 

8M,S(0 

iaM.:4t 

Miaaina 

sa^aoo 

1707.(08 

•dl8814ll 

moao 

MI7.7M 

•ainiMi 

814.188 

iiaiiM 

wnjmjm 

aaiToa 

19n.448 

«»% 

aiiaoa 
iMJaa 

1441TJS 

IBsissa 

asisiiasa 

741000 

1881808 

^ 

881180 

is(8.in 

;^ 

i.a(iMs 
it<ia;( 

i4ai(M 

XSSSM 

1,111(00 
1,981878 

a8t.su.Ta( 

1000,080 

tse*  for   operating 
ir»7;S04  «. 


Jaly  rr-atr.  Oliy 


Tataf  for  tbe  wash. 


IS  8i>o.«orBB 

Tewhlahsdd  balaoce  ataadlac  orer  froo  prerioaa  year 88.577  M 

Total  sam  for  dleborsaaaaat $381785  13 

or  this  sum  $237JI2.'S  were  appropriated  to  paying  off  tbe 
coupons  on  preferred  construction  bond*,  the  laat  payment  being 
the  coupons  wblcb  matured  July  1,  1801. 

The  sum  of  fSlAtO  07  was  expended  in  tbe  pnrchaaeof  a  (team 

pump,  sttram  (IreHf^R,  dressed  stone,  etc., and  $3,.52.3  10  represented 

oTerpald  tolls,  wbirli  were  refunded.     Tbo   balance  in  tbe  hand* 

of  the  disbursing  officers  at  tbe  close  of  tho  year  was  $87,790  30. 

IMPBOTKMMKTa. 

CoaMmiag  tb*  ImproTemeat*  made  daring  tbe  year,  the  report 
anya; 


78 


THE  cmtONICLR 


[July  24, 1875. 


In  addition  '.o  the  asiud  repairs  to  the  canal  and  stractiires,  the 
work  of  drtHlging  tlie  priem  of  canal  with  steam  dredge  has  been 
pushed  forward,  and  witli  good  results. 

Tlie  number  of  yards  of  enrtb  removed  from  Rock  Creek  and 
the  Ueorgetown  level,  wag  'ZofiS't  cubic  yards,  at  a  cost  of  24 
cents  per  yard,  a  reduction  as  compared  with  work  heretofore 
done  by  hand  during  the  Winter,  of  is  cents  per  yard.  Not  only 
has  the  cost  per  yard  been  reduced,  but  navigation  has  been 
maintained  through  Rocli  ("reek,  whicli  could  only  have  been 
done  by  the  use  of  a  steam  dredge,  the  importance  of  which  was 
fully  demonstrated  during  the  year.  A  nerious  break  occurring 
in  the  Alexandria  Canal  entirely  suspending  navigation  over  it 
for  six  weeks,  all  the  trade  destined  for  Alexandria  was  passed 
through  the  Creek  and  thence  by  river  to  that  point.  Without 
this  improvement,  a  large  portion  of  the  trade  would  have  been 
loat.  We  are  satisfied  that  the  Increased  revenue  derived,  be- 
cause of  these  improvements,  will  exceed  $50,000,  The  work  of 
removing  the  deposits  on  the  main  canal  must  be  continued 
until  it  is  restored  to  Its  original  width  and  depth.  To  this  end, 
another  steam  dredge  should  be  built  as  soon  as  the  revenues  ot 
the  company  will  admit  of  it. 

STSAK  STONE  CRUSn KB. 

A  very  great  improvement  has  been  made  by  macadamizing 
the  tow-path  on  that  portion  of  the  Monocacy  Division  below,  or 
east  of  the  Monocacy,  which  was  composed  bt  clay,  without  the 
use  of  stoue,  and  which  in  wet  weather  becomes  almost  impas- 
sable, while  to  keep  it  in  repair  has  cost  more  than  treble  per 
mile  where  stone  wuh  used. 

One  of  Blake's  crushers  and  steam  engines  was  purchased,  and 
has  been  in  successful  operation — 6,535  perch  of  stone  being 
crushed  and  put  on  the  tow-path,  at  a  cost  not  exceeding  05  cents 
a  perch,  or  less  than  one-hnlf  of  the  cost  for  same  work  by  hand. 
This  work  should  be  continued,  and  other  crushers  purchased,  so 
that  the  entire  tow  path  may  be  macadamized. 
TONNAGE. 

Tlie  number  of  tons  of  coal  mined  and  shipped  frum  the  Cumberland 
basin  in  1873.  wan 8,674,101 

The  number  of  ton  ^  of  coal  mined  and  shipped  from  the  Cumberland 
baeinin  1874,  was S,«10,895 


DecresM  in  production 363,306 

The  decrease  In  ehipmcnts  by  railroad  from  this  rej^on  was 254,848 

While  the  decrease  in  canal  shipments  Irum  same  basin  was  only 8,358 

In  addition  to  these  shipments  tnere  was  transported  on  the 
canal  65,643  tons  of  j^aa  coal,  thus  making  the  total  coal  tonnage 
for  the  year,  836,392  tons,  being  an  actual  increase  as  compared 
with  1873,  of  38,787  tons. 

THE  BONDED  DEBT 
of  the  company,  represented  by  the  "  preferred  construction 
bonds,"  which,  under  the  decision  of  the  Court  of  Appeals,  have 
priority  over  the  State  loan,  amounts  to  $1,699,500  ;  the  overdue 
interest  on  which,  to  January  lat,  1875,  is  $1,376,595,  making  the 
total,  principal  and  interest,  $3,070,095.  Which  amount  of  over- 
due interest,  togetlier  with  the  accruing  interest  of  $104,970  each 
year,  must  he  paid  before  the  State  of  Maryland  can  receive  any 
direct  benefit  froiu  her  investment,  in  this  work. 

If  five  coupons  ($254,935)  are  paid  off  each  year,  the  entire 
overdue  and  accruing  interest  can  be  llquiitated  by  the  Ist  of 
January,  1883 — eight  and  a  halt  years. 

COMPETITION. 

The  report  discusses  the  railroad  cotnpetition  for  the  trans- 
portation of  coal,  and  informs  the  stockholders  that  they  must 
consent  to  the  making  of  such  improvements  in  the  canal  as  will 
reduce  the  cost  of  running  the  boats  to  a  minimum.  On  this 
subject  it  says : 

When  this  canal  was  completed  in  1850,  it  was  not  supposed 
that  a  ton  of  coal  could  be  profitably  moved  by  rail  for  less  than 
two  cents  per  ton  per  mile,  whereas  it  is  now  transported  from 
Cumberland  to  Baltimore  for  a  fraction  over  one  cent  per  ton  per 
mile. 

It  is  true  that  during  the  same  time  reductions  have  been  made 
in  tolls  and  wharf  charges  by  the  canal,  so  that  a  proper  differ- 
ence has  always  been  maintained  iu  its  favor.  But  further  im 
provements  are  being  rapidly  pushed  forward  by  other  transporta- 
tion companies,  which,  when  completed,  may,  and  probably  will, 
require  further  reductions  on  our  part.  Up  to  this  timrt  the  Bal 
timore  and  Ohio  Railroad  has  been  our  only  formidable  com- 
petitor. 

The  able  and  comprehensive  minds  who  direct  the  affairs  and 
shape  the  policy  of  that  Company  have  long  since  recognized  the 
necessity  for  greater  reductions  in  the  cost  of  transportation,  and 
to  that  enl,  have  been  for  some  years  constructing  its  third  track 
from  Baltimore  to  Cumberland,  which,  when  completed,  will 
enable  it  to  reduce  the  cost  of  delivering  a  ton  of  coal  from  the 
mines  on  board  of  vessels  in  the  harbor  of  Baltimore  to  a  mini- 
mum, which,  together  with  the  superior  facilities  that  the  port  of 
Baltimore  has,  as  compared  with  Georgetown  and  Alexandria, 
for  shipping  to  Northern  ports,  will  make  it  absolutely  necessary 
that  a  corresponding  reduction  in  cost  and  improved  facilities 
shall  be  furnished  by  this  Company. 

Within  tlie  past  four  years  another  competing  line  has  been 
constructed  to  the  coal  fields,  which  is  owned  and  controlled  by 
the  Pennsylvania  Railroad  Company,  the  very  able  and  astute 
managers  of  which  recognize  the  great  value  and  importance  of 
securing  the  transportation  of  a  large  portion  of  the  uroducts  of 
the  Maryland  mines,  and  thus  divert  it  from  Baltimore  and 
Georgetown  to  Philadelphia  and  Amboy. 

To  this  end  they  have  constructed  a  railroad,  via  Broad  Top,  to 
the  Maryland  State  line,  at  which  point  they  connect  with  the 
Cumberland  and  Pennsylvania  Railroad,  which  passes  through 
our  entire  coal  basin,  thus  affording  an  all-rail  route  to  Phila- 
delphia, South  Amboy  and  Jersey  City, 


Up  to  this  time  the  tonnage  of  that  road  has  been  insignificant 
owing,  possibly,  to  some  extent  to  the  want  of  rolling  stock,  but' 
mainly  because  of  the  great  length  of  haul  ;  so  that  the  Mary- 
land lines  have  been  the  cheapest,  and  possibly  no  serious  com- 
petition could  for  any  great  length  of  time  be  maintained  by 
this  line  as  now  operated. 

But  the  Pennsylvania  Railroad  Company  owns  and  controls  the 
canals  leading  up  the  Juniata,  and  have  for  some  years  been 
making  extensive  improvements  by  enlarging  them,  and  it  is  now 
proposed  and  recommended  by  their  accomplislied  engineer  to 
spend  only  one  million  dollars  more,  which  would  complete  their 
enlarged  canal  and  slack  water  up  the  Juniata  river  to  some  point 
within  80  miles  of  our  mines. 

Then  with  a  railroad  of  only  SO.miles,  and  a  canal  of  sufficient 
capacity  for  section  boats  of  300  tons  passing  through  to  Phila- 
delphia and  New  York,  they  claim  that  a  large  portion  of  the 
tonnage  of  this  canal,  as  well  as  the  Baltimore  and  Ohio  Railri^ad, 
must  be  diverted. 

The  report  suggests  the  following  improvements  as  necessary 
to  retain  the  trade  of  the  canal : 

First — To  restore  gradually  the  water-way  of  the  canal  to  its 
original  dimensions,  so  that  with  the  present  locks,  the  tonnage 
of  boats  should  be  increased  from  109  to  120  tons. 

Second — To  control  the  amount  of  terminal  charges. 

Third — And  if  poscible,  secure  such  a  control  as  would  enable 
us  to  fix  and  maintain  a  uniform  rate  of  freight  charges. 

Fourth — Enlarge  tlie  locks  of  the  canal  so  as  to  increase  the 
capacity  of  the  boats  to  two  hundred  and  fifty  tons. 

The  estimated  cost  of  this  last  mentioned  improvement  is 
$81,200,  and  the  report  recommends  that  it  be  begun  during  the 
suspension  of  navigation  next  winter. 

Northern  Pacific. — The  Master  Commissioners  appointed  in 
the  Circuit  Court  of  the  United  States  for  the  Southern  District  of 
New  York,  give  notice  that  they  will  sell  at  public  auction,  within 
the  States  and  Territories  in  which  they  may  be  situated,  all  such 
of  the  lands  and  land-grants  conveyed  in  the  mortgage  or  deed 
of  trust  in  the  bill  of  complaint  in  said  action  mentioned,  as  are 
situated  on  the  completed  portions  of  snid  road. 

The  times  and  places  of  such  sales  am  as  follows,  that  is  to  say  : 

At  Tacoma,  in  Washington  Territory,  on  the  15th  day  of  Sept., 
1875; 

At  St.  Paul,  in  the  State  of  Minnesota,  .jn  the  15th  day  of  Oct., 
1875 ; 

At  Fargo,  in  Dakota  Territory,  on  the  31st  day  of  Oct.,  1875. 

No  lands  will  be  sold  which  may  have  been  disposed  of  by 
conversion  of  bonds  into  land  ;  by  any  contract  for  sale  thereof, 
which  shall  have  been  approved  and  countersigned  by  the  receiv- 
er appointed  in  this  cause  before  the  date  of  the  sale  as  herein 
advertised  ;  or  otherwise  by  sale  under  orders  of  the  court,  before 
the  date  of  sales  advertised. 

The  terms  of  the  sales  are  as  follows,  that  is  to  say : 

"The  purchaser  or  purchasers  shall  pay  to  the  undersigned  as  Master  Commis- 
sioners at  the  time  of  sale  the  sum  of  five  (5)  per  cent  in  cash  on  the  amount  of 
the  bid,  such  sum  to  be  forfeited  in  case  of  non-compliance  with  the  terras  of 
sale;  and  within  sixty  days  thereafter  or  upon  consummation  of  such  sale  or 
sales  by  the  court,  the  balance  of  the  amouut  of  such  bids  shall  be  paid  In  cash, 
provided,  however,  that  in  the  i)ayment  of  such  balauce,  first  mortgage  bonds, 
which  have  been  sanctioned  by  the  court,  maybe  taken  as  cash  ;  each  bond  In 
such  case  to  be  taken  only  for  such  an  amount  as  would  equal  the  dividend  to 
which  it  would  be  finally  entitled  under  the  decree  in  the  above  entitled  action. 

"Said  lands  and  land  grants  will  be  sold  under  the  terms  and  conditions  as 
above  prescribed,  in  sinele  sections  or  subdivisions  thereof,  to  the  highest 
and  best  biddc-,  in  accordance  with  public  resolution  No.  44  of  the  Forty-first 
Congress  of  the  United  States,  second  session  :  and  the  privileffe  may,  at  the 
time  of  sale,  ne  given  to  any  person  who  shall  bid  off  a  single  section  or  sub- 
division thereof,  of  taking  at  the  same  price  any  number  of  additional  and 
adjoining  sections  or  Bubaivisions,  up  to  and  including  forty-nme,  subject, 
however,  to  the  right  of  the  Master  Commissioners  to  withhold  such  privilege, 
if  they  shall  deem  proper." 

Port  Royal. — Mr.  D.  C.  Wilson,  President  of  the  company,  has 
been  appointed  receiver  on  application  of  the  bondholders  and 
other  creditors. 

Southern  Minnesota. — Notice  is  given  tj  the  eight  per  cent 
construction  bondholders  of  the  Southern  Minnesota  railroad  com- 
pany, that  holders  of  certificates  issued  in  exchange  for  such  eight 
per  cent  bonds  as  have  all  the  unpaid  coupons  attached,  will 
receive  three  per  cent  or  $30  per  bond,  on  presenting  the  certifi- 
cates to  the  Farmers'  Loan  and  Trust  company.  No.  26  Exchange 
place.  New  York,  for  the  purpose  of  having  the  amount  of  such 
payment  stamped  thereon. 


BANKING  AND  FINANCIAL. 


R&ILROAD  BONDS.— Whether  you  wish  to  BUT  or  SELL,  write  to 

H.VSSLBR  &  CO.,  No.  T  Wall  street.  N.  T. 

JOHN  HICKLING  &  CO..  BANKERS  AND  BROKERS,  72  BROADWAY, 
N.  y.,  are  prepared  to  fill  orders  for  Stocks  and  Stock  Privileges  by  mall  and 
telegraph.  Parties  wishing  to  learn  how  to  operate  on  limited  risk  should  call 
for  our  book,  '•  Men  and  Idioms  of  Wall  street";  sent  free  to  any  address' 

STOCKS 
Dealt  in  at  the  New  York  Stock  Exchange  bought  and  sold  by  ns  on  margin  of 
five  per  cent. 

PRIVILEGES 
Negotiated  at  one  to  two  per  cent  from  market  on  members  of  the  New  York 
Exchautre  or  responsible  parties.    Large  sums  have  been  realized  the  past  30 
days.    Put  or  call  costs  on  100  shares 

$106  25 
Straddles  $250  each,  control  JOG  shares  of  stock  for  30  days  without  further 
risk,  while  many  thousand  dollars  profit  may  be  gained.    Advice  and  informa- 
tion furnished.    Pamphlet,  containing  valuable  statistical  information  and 
"bowing  how  Wall  street  operations  are  conducted  sent 

FREE 
To  any  address.    Orders  solicited  by  mall  or  wire  and  promptly  executed  by 
■an   Address, 

TXJUBBIDGS  &  CO.,  Bankers  and  Brokers 
No.  2  Wall  itr««t  N.' 


July  24,  1876.] 


THE  CHRONICLR 


79 


^l)e    6ankcr9*    ®a?ettt. 

NATlONAIi  BANKS  ORaANIZBO. 

The  Doited  SUtea  Comptroller  oi  Ihu  Carrency  furnishes  tlie 

followiac  statement  of  National  Banks  oripuiiseil  the  past  weeic . 

I.M  Ihil  Nstloaal  Baak  of  Tvaatam,  ftuuylTsaU.  Aaihorised  capital, 
MMn:  psId-lB  capital.  190.000.  J.  8.  HcCutoar.  Prealdeni ;  Jolm  F. 
BHMa,  OuUir.    AathorUed  to  eoamsnca  badaeM  laiy  17. 197S. 

DIVIDBNDR. 

Tke  CoUowiac  fMridsada  Iuto  reeaaUr  keen  aiUKMIieeil : 


OOHTAaT. 


(qoar.x. 

iBaaraaea. 

AMalaun'  

.  _  *  Baildaa'  Vln.. 
Hatul 


Paa      Wan    Uoou  Oumso. 
CanT.    P*ABU.  (Da/s  ladaalT*  ) 


6 
5 
S 

S 
10 

6 


Asf.    i 

lie.   t 

OB  MB. 

Lioir  SI' 
l*ir    1 


talj  a  to  Abb-  t 


I 


Panar.  Jaly  «s.  I9n-*  P.  M. 

Tlia  ■•••r  MBrkat  mm*  PlBBBelml  nUaaUoB.  —  A 
farther  decline  in  gold,  a  redaction  io  tlie  rates  of  exchange,  and 
•  moAmaU  adTaiiea  ia  itodu  haT*  been  the  principal  events  of 
tkBwaak. 

Mo— y  eoBttMB—  at  the  rata*  of  oxtrwtnawoe  prvvioatty  aotieed, 
tk«  qaoUdoa  oa  eaU  Iobim  being  d  per  caoL.  with  sseaplieMat  U 
par  «■!.  Priaa  papar  ia  oold  at  4iSH  par  eeat.  with  exesptioes 
oackolao  ■bottdalaat  H  per  east.  Tba  laat  bank  sUtemeot 
•hawad  a  farther  large  aecomalatlon  ot  logal  tenders,  and  plaeed 
tW  toul  now  held  by  the  dtj  banks  at  yn.1*S.800.  and  the  total 
•aiplaa  rsasrrs  of  the  banks  at  9S$X)a3.  SBQ.  It  ia  a  qasation  of 
dtiiasifaw  how  long  the  aeenmalation  of  faads  will  go  oa  with- 
oat  Isartiag  Io  the  ose  of  uonejr  in  specalativo  operations— either 
■aaadal  or  nareutUa— which  ia  the  oaoal  lasalt  of  a  long  aeea- 
•ahrtloa  of  141a  mamar  far  whkk  ao  proiiabia  aae  ia  foaod  in 


la  loadoa  ■o«<y  la  vary  sMy  ;  the  Bank  of  England  holds  a 
larga  ■■oaat  of  baUloa,  and  Its  lueerva  bjr  the  laat  slaluwoat 
WM  4»|  pw  asat.  of  ita  liabiUti««,  the  laeraaae  of  ballloa  la  tb« 
waok  wwWag  Thaiaday  baing  <7M,U8,  aad  the  dlaeoaat  rata 
•tUl  8  par  asat.  The  Baak  of  riaaee  gained  IT.ISSjOOOfranos  in 
•posts  far  tka  waek.  The  raooora  by  eahia  of  a  larg«  taaae  ot 
eoaatarfah  aotoa  oa  iha  bank  of  Eaglaad  aad  Baak  of  Fraaee 
Bfa  eoalrmed  la  the  followlag  note  fiWB  the  l>epartiaoat  af 
Blata  at  Waahiagtoa : 

DaraanaBT  oa  •rtra,  Wisaisems,  iato  n,  Itn. 
ay  mmm  a*  Htm  fat»  0»nf  Mm»  jirL 

•mi:  I  lw*«  tk*  koaar   to  Ir*' 

iM*»iS   ftoai   the    MtUh    Ml 
a    eapT    <f    a 

of    risBsa     «• 
la  whka   It    Is 
wllfe  haaAsBsitsn  at 


s(     Isrissn. 

•MEltara, 

a  tsssiltr  of 

UaoU 


of 
to  •D 
.  who  han 
ssaassHMt  twaatHMw  aoiss  la  stwahiton, 
«tn«,«f  IheMlaesr  IOsa4»ta»«aKB(7(. 
•IBS).  tW  sssealadaB.  II  Is  s»M.swowtiispsi<tlalssB«.sas«lgsBtle 
M^BHkar  k0sa«  bsmb  sb4  ljmtnM<--  astMoTlte  Baak  of  rraasT 
iMbBSto^lOthssslasaftMaiUlMkit*  tohemfeM  wllew  Tork.  wkaa  a 
«*4s  koaka*  Is  la  sse  to  UMlr  Misriaa.  Tks  aMss  of  Ik*  laak  of  f 
swta  ke  SM  la  ilUBlalliia  stlsoiia  aad  PiaoMMTlkfaack  Iks  as* 
ksakBe.  The  pisa  wka  mmlm  ths  dtochieafs  tmfht  kas  sssa  Iksas 
sadjtoilhapsBsrsf  iheiisaiaMlslalOMilsalwiifflkatssidakirlfc 
sfBsaba*.  ^kssa  tats  aiassMMMMM*  laysawttk  Ike  n^ 
wfll  1^  Iha  jMiMr  la^  asaaUsMMaa  ss  yea  aap  4aaB  prsMT. 

Baai 


ot 

hylhsWak 
mttalraa 

I  haw  Iks 


rtoks^Bo. 

Tka  laat  waakljr  stoifsl  ol  the  Kaw  York  Clt/  Cloanng 
HaaM  Baaks,  ioBaod  JaXj  17.  ohowed  aa  laowaoi  of  9S;(IS«jBaO  la 
tko  ascooa  abova  tb«ir  95  per  eent.  legal  reoorro.  tha  whole  of 

against  |M.W7jM)0,  the  preriooo 


Tka  faOawtaf  laMo  akoan  Ika  ohaagaa  tn^  the  provtou  woek 
1  a  iiaaiariMa  with  1874  aa4  1878: 


••,1881 reg. 

la,  1881 conp. 

la,  5-ao'*,  ISn ..res. 

•■.M0'i.l8«l...:OODp. 

la.  5-IO'a,  18M res. 

la,  &.«0'a,  18M conp. . 

la,  S-M't,  1816 ng. 

la,  5-tO'i,  1865 CODD. 

la,  S-*0'a,  18S^  Q.  1.,  reg. 
•a,5-«0's,18lfiD.l.,coap. 

la.S-U's.lSrr Kg. 

la,S-«ra,lM1....coap. 

la,  6-«ra,  1808 rer. 

la,  t-Wa,  1818 conp. 

8a,10t0'a re«. 

la.  lO-KTs conp. 

5a,  fnaded.  1881 reg 

5«.  raoded,  1881,  ..eoap 
l«i,CarrencT reg. 


The 


■Tha  market  for  OoTerameata  ha, 
aad  aaoottlod  ia  aoaooqaoaooof  tha  weakaeoo  In  gold, 
itsoo.  whleh  are  not  afladod  bjr  gold  floetoations. 
■toady, 
piloaoof  oaearitioa  la  Londoa  have  booa  ao  follows: 

Jan.  I,  ivnr=^ 
BKbast. 


lOOWApr. 
\U\  Pab.  U    166K  Peb. 


Ctalac  prtooo  daUy  kaTo  boon  as  follows : 


t 

6 

J«lj    9 


iBt.  period. 
.Jan.  A  Jaly. 
.Jan.  A  Jaly. 
.May  *  Not. 
.May*  Not. 
.May*  Not. 
May*  Not. 
.May*  Not. 
May*  Not 
.Jan.  *  Joly 
.Jan.  *  Jaly 
.Jan.  *  July. 
Jaa.  *  Jaly 
.Jan.  *  Jaly 
.Jan.  *  Jaly 
.Mar.  *  Sept 
.Mar.  *  Sept 
..  Quart  eriy 
...Qnartcrly 
.Jan.*  Jaly 


July 

17. 

•IWK 

•mx 

•118 

11«« 
♦117X 

117\ 

119 

IM 

•iiex 

119 

•180 
ItOH 

•ItO 
,    IWii 

•U7H 
IITX 
11&H 
IIVX 


Jaly 

Jaly     July    Jaly    Jaly 

11. 

Sn.        t\.        n,       13. 

laox 

•119X»n8)<    119 

:*ij« 

ItlM  •ItOX  *ltOJ<    180 

•116X 

•116     •IM     'IM     •118 

•117K 

117         ....  •115V 'lis 

117« 

n7K    116X  •116)<    116 

niBx 

•118X      ....  'USX    116X 

iit»X 

Win      ....  •118     •117Jtf 

118S 

118K      ....    117     'IIB 

r.bX 

iisx  inx  *mx  ii7« 

•1*1 

110        119      •tlBM  *11.S 

i»« 

119X    U»ii    U»if    1I8X 

•IM 

•11^        'IW 

11»«  •!183<  "IIS     'IIBX 

llOK 

I!7J< 

H7X      ■  -.    IIBX'IIS 

•1I7X 

m)i  •lie    'US    'iisv 

iisx 

115          ....  »113J< 'IISX 

117 

116X    116     *1I5        114X 

m\ 

»m)i*mji  Its     iMiii 

•Tut  lithe  price  bid  :  aoaatowaa  made  at  tha  Board. 
The  raofre  in  prices  since  Jan.  1.  and  the  amount  of  each  elasa 
of  boads  outstanding  July  1,  1875,  were  as  follows: 

. — RaiiKealiice  Jan.  1. — .   . — Amoant  July  1. — 


ltt3<May  Mtl 
IMK  Jaaen 
1I8X  Apr.  IS 
II  1*1     Apr.  t7 
8  mx  Jane  18 


Loweai.         BlEbeat.     Res 

la.1881 reK..118     Jan.    

la,  1881 coap..  IISK  Jan. 

la,  6-IO'B,  1808 coap     lUH  Jao. 

la,  6-«0'»,  19M coap..  118     Jan. 

•a,V«0'«,  IS« conp..  lUK  Jan. 

la,»-«0-a,t8«5,aew.coap..inK  Jan.    8 

Ia,fr4ira,t8tl coap..  tUK  Ju>.    * 

la.  6-aO'a.  lan coop     lIS    Jaa.    « 

Sa.l»-«ra ..  ..re«..  litMMcb.    6 

ta.tO-Wa coup..  lUX  Mch.   4 

Ba.  faadad.  1881 ....  coap. .  I IIK  Jan.    t 
la.Carmcy ra«..inXJan.    4 


latared. 
.388,880 


I«4X  Jane  IT 
1«6X  June  IS 
laoH  Jane  18 
II8M  Jane  18 
ll»>iJane  7 
lit  June « 
IMX  Apr.  84 


16  860 
88.801.800 
SS,7«t,000 
U.I98.«50 
88,615.750 
!4.186,SC0 
141,801,560 

104.809,566 
64.ltS.51t 


Coupon, 

89,4b7!i6o 
64,810,560 
lt,89l.60« 
118,741,880 
144.584.460 
ttl,»97.00O 
tS,188,5l0 

St,tiM^7M 
107.836.160 


Mats  aad  Kallroad  Boada.— Tenneosee  bonds  have  been  re- 
markably well  luaiotaioed  at  50  to  60t,  in  view  of  the  fact  that 
the  OoTi-mor  ha*  wrltteo  a  straightfurward  letter  explaining  tha 
non-payment  of  July  lnter««t,  and  intimating  that  nothing  will 
be  done  in  the  matter  till  the  Legisla'.nre  meeU  affain.  The 
telegraphic  report  oi  last  week  that  the  Council  ot  the  city  of 
New  Orleans  Mkd  decided  to  pay  half  interest,  due  on  certain 
iasnes  of  ila  bonda,  is  leonfirmed  by  mail  adTiees.  In  New  York 
city  the  tax  rate  for  1875  has  jost  bean  fixed  by  the  Board  of 
Saparriaoro  at  ti.9A  per  $100. 

Railroad  bonds  hava  been  mora  aotlro,  and  advanced  on  several 
of  the  prominent  issneo.  Amoac  the  moot  active  lionds  have 
been  some  ot  the  Issuso  of  the  Chicago  and  Northwestern  and 
the  St.  Paul  companies,  which  have  advaneed  on  the  reports  of 
larger  earoings  on  those  roada,  and  in  aympathy  with  the  higher 
priees  ol  their  stocka.  The  Pacific  railroad  boads  have  alao  lieen 
in  favor  aad  have  been  taken  fre«<1y  at  higher  prioea  than  thoaa 
raling  laat  week.  C.  C.  &!.«'.  1st  mortgaga  bonds  sold  up  to  4IH- 

Oallr  elosiBir  pr<eea  of  a  lew  leading  bonda,  and  the  ranga 
since  Jaa.  1.  baTS  been  sa  follows: 


'f7 


Jaly 

It: 


Jaly    Jaly 


July   July 

M.        ». 

to 


•iT«Ba..Beva...   •«      •jM   •«        ...     'tut  NM 

li«.Qar.,eM....   •»%   •5k   •»•«•«      *»)! 
laH,5r..ae«,..   'lO"   -iP   •»     2?     '••     li! 

±-f^  3h  .-Sh  :s,  :s«  :a  :s 

•a Me.°<M«SMida  'tlDK  'MS    ittic  'tmi   l6i      Ml 

*tWI('iU 


1.     ltH(  *tllM  *inM 'I'tX  ' 
L    -Ul     •iii    MU 

..  'ifli    'iii    'US    'la-K* 
u    at    MM    *«<    Mfi 


.  Olaea  Jaa  I  -< 

Lowaat.  ,  Ul«ha«t. 
M  Jaa.  tt\  tMiita.  I 
»  Meh.ll  ii  Jan.  I> 
II  JnaaM  l«  Jaa.  7 
MX  Jao.  M  *>X  Apr.  I 
M  l«h.»  a  Jane  7 
m  iKli.vl  B  Jan.  n 
Mtt  Jaa-  UiOSKJone* 
inV  Jan.  IH'IITW  Mar  17 
H).  iau.  «  iaS  Janep 
«>  Jan.  lIuiKJaaaii 
•0  Jaa.  »I|(Dm  Meta.  1 
MM  Jaa.  y  Ml*  Jaly  t 
»<  Mar  M  io;t.  Mar  • 
mu  P«6.  I  ll.^  Apr.  • 
MljJaa.  7114  JuaaM 
UB  Jan.  SIllKJone  I 
71    Jane  It  rS  May  10 


*.r.c.aa.rMia 

C.Pae  .folStt.. 

Ca  Pat.,  :•!*•.. 

*■*  S  P.ia. 
■rtatal  M.la.... 
».  J.Cae.lslla 

CTAHWaoMU    at    mm    **<<    mS    mS    **% 

•nia U tka anaa MS.  as **!* »••  nadaattaa  Board. 
Kallraad  aad  Mlaeellaaeaaa  Stoclta.— The  stock  market, 
tboogb  oooMwhat  Irragnlar  in  tooe,  has  shown,  upon  the  whole, 
a  good  deal  ol  finnnaao  In  prioee.  Compared  witli  our  fii;urea  of 
laat  Friday  nearly  tha  whole  apaoalatlve  liat  ahows  beii«r  prio-s 
to  imj  than  at  that  time.  Ths  leading  stocks  la  the  advance  have 
been  the  Western  specialties — Nortuweet  and  Ht.  Paul — whirh 
have  been  strong  oa  the  reporla  referred  to  last  week  of  larger 
presaat  aad  proapoetive  earnings,  based  on  the  higher  price  of 
wheat  aad  the  large  orttpo  ezpaeled  throutfboul  the  West.  Other 
stocks  bava  syiapathfaaa.  aadavansuch  "fancies"  aa  Krie,  Wabash 
aad  C.  C.  A  L  C.  aavo  marked  better  prices.  A  Chicago  leli-^ram  of 
Ika  8U  giveo  tae  feilowlog  summary  of  figures  troiu  tli«  anonal 
rsiMMVrf  1^"  Mieklgaa  (Antral  Uoad  for  the  year  ending  May 
81,  leTo:  Eaminga  daring  the  year  from  passengers  were  $9.- 
818,»W;  from  frsight,  $iM7JBM;  mlaeollaneoaa,  $335,440; 
toul.  17,103.280.  The  expenoas  aad  taxaa  ware  $5,068.0»7 ; 
laavtag  tha  a«t  aamlags  $3,084,188.  The  loss  in  net  earnings, 
eompaiwl  with  tha  year  ending  May  81.  1»74.  la  $76,350.  l^e 
aet  sarataga  of  tha  main  line  for  the  past  year  were  $l,7flS,- 
410.  Tha  reanlu  of  the  year's  work  are  not,  the  report  says,  en- 
ooaraglng  to  the  stockholders.  thouKh  the  volume  of  transporta- 
tion tkls  year,  l/t41,980  tons,  is  a  considerable  increase  over  the 
preceding  year. 

At  tha  eloae  to-dav  the  tone  wao  generally  strong,  though 
baalaoai  wao  qolta  dall. 

Wm  tha  porpooo  of  ohowlng  the  total   transactions  of  the  week 
la  tbo  iMriliag  stoeka,  wo  have  compiled  the  table  following : 
Pacific      Lake    WMt'n  Chic  *  Union    Ohio  * 

Mall.      Rhora.  Union.  N'waat.  Kria.  Pacific.    Mlaa.    Wab. 

July   17 9.300     86,300      10,800    11,100    18,100     4,700       9,100        800 

••      19... I0.XI0     87.800     16.800    19.100    U.IOO        100       8,100      1,800 

-      80 10800      88,100      16.700    13,000      7,300      1,300        1.400      1,400 

"      n 14,400      19.M0      11,100    M,IOO     1,100      4,wa  400     1.000 

It    9,100      l9,Kn     88.180    l£w>        700      1,700  700     3.800 


6.100      11.800      16.800 


8,800     1,600       1.800     MOO 


Total 18.800    118.800    118,700  101,000    41.900    15,800     11.100    11800 

WkoU  Stock.  .480,000    4»l,l«e    irr,89«  148,980  780,000  301,450    800,000  160,000 


80 


THE   CHRONICLE. 


[July  2i,  1876 


Th«  last  line  in  the  proceding  table  shows  the  total  nambor  of 
shares  of  each  of  the  stocks,  now  oatataodinii:,  so  that  U  may  be 
seen  at  a  glance  what  proportion  of  the  whole  stock  has  been 
turned  over  in  the  week. 

Thtt  daily  hlf^hest  and  lowest  prices  have  been  as  follows : 
Satarday. 

juif  n. 

■.Y.Cen.*H.B.  '.iti^  101 

Harlem m     134 

Krle 15      a\ 

LakeBtiore....    au      n 

WabMh S       SU 

Northweit «U    Hit 

do      pret.    51      ^K 
Itackliland...  l(M<t  105S< 

St.  Paul S-iZ  atH 

do  prel....  58m  59 
Al.A  Pac.pref.  15K  15W 
Ohio  AMlu...  »si  24Ji 
Central  o:. N.J. '110  111 
Dal.,I..ft  Weit  IKK  1I9H 
Hao.ABt.  Joi.  MH  SX 
UulonPacl&c  7?H  "3* 
Col.Ghlc.AI.C.     SX    iS 

Panama 'Vi»      ■■■■ 

Weal.  Un.  Tel.    WX  WK 
At.  *Pac.  Tel.    19X  1»X 
Qulctullver....  •...     15 
do       pref.  '....  n 
t'acinc  Mall....    S3X  S3K 
AdamaKxp....  •»*  10) 
American  Bx..  'SIH   58 
United  Btatea..    **      iS 
Welle, Fargo..    W      88 

Xhta  la  the  price  bid  and  aalce'l :  no  $al»  wai  made  at  the  Board . 

The  entire  range  from  Jan.  1, 1874,  to  this  date,  was  as  follows: 


. Jan.  1, 1875,  to  date ,1 

Lowest.      I     IHehest. 
N.  Y.  Cen.  4Und.  R...10O     May  28  107JiMay     8 

Harlem m^Jan.  12  IM     Apr.  27 

Brie 12XJane2I    35>^Mch.  29 

LakeShore 87    June   1   SOK  Jan.    2 

Wabash 4JiJnne2!»   21Ji  Jan.    2 

Northwest S5X  June  12   48XJan.    ■• 

do         prof 47>iJuneI2   62JiJan.    2 

Rock  Island lOOX  May  28  !06Ji  Mch.  27 

Bi.  Panl  «8«  Jnue  ia|  40)i  Apr.    9 

do       prcf 51     Mch.    1    61  Ji  July  20 

Atlantic  *  Pacific  pref.  12X  Feb.  2li  18  Apr.  3u 
Ohio  it  Mississippi....  21  May  2l|  32Ji  J""-  ^ 
Centralof  New  .Jersey. 105"i  Jan.  5,120  Apr.  27 
Del.,  Lack.  &  Western. 106>i  Jan.    212.3     Apr.  2" 


-Whole  year  1874.- 


FlneKOldkars )(  dii.i^x^prm 

Dimes  and  hall  dimes..    -  9u   ®  —  99 

FIvelrancs -92   A  —  94 

Francs --litx®  — 19 

KngUsh  sliver 4  80   »    4  85 

Prussian  thalers —  70   r*  —  7"^ 

Trade  Dollari —  9IH&>  —  96 


BannibalA  St.  Jo, 

Dnion  Pacific 

Col..  Chic.  &  I.  C. 

Panama  ■  

Western  Union  Tel 


18X  Jan.  22 
.  88  Jan.  18 
.  3  June  18 
lini^Jan.  21 
...  70XFeb.  17 


30i(  Mx:h.  i'J 

79X  Jane   I 

9^  Jan.  14 

172     Apr.  26 

SlKJuly    8 

29>iJan.  15 

35     Jan.    6 

44     Jan.    7 

46Ji  Apr.  8 
lOIX  Mch.  23 

65     Jan.  15 

65  Jan.  11 
Wells,  Fargo  &  Co 75     June  .7|  92X  Apr.  30 

Railroad    Earnings. — The  latest   earnings  obtainable,  and 
the  totals  from  Jan.  1  to  latest  datea,  are  as  follows  : 


Atlantic  &  Pacific  Tel..  !8  July  14 

OuieksUver 13  May   1-1 

do        nrcf 20  July  16 

Pacific  Mail 30:5i  Feb.  10 

Adams  Express 98  Jan.    2 

American  Express 60  June  25 

Onitcd  States  Express.  41  June   5 


Lowest. 
95J<  May  19 
llSXJan.  7 
26  Dec.  10 
61%  June  19 
18Ji  Dec.  29 
SiH  July  15 
51  Sept.  10 
32>i  June  19 
3iJi  May  18 
48  May  6 
MX  Sept.  3 
2;ji  June  17 

98  Jan.    3 

99  Jan.  2 
22}tf8ept.  7 
23     June  17 

8  Sept.  3 
101  Apr.  20 
68  Apr.  24 
14  Aug.  25 
2iH  Apr. 
29  June  29 
33K  Deo.  21 
92X  Jan.  13 
58)i  Jan.  2 
60  Sept.  28 
69Jtf  Jan      " 


Highest. 

105>4  Mch.  11 

134i(;  Feb.  18 
51"<Jan.  15 
84H  Jan.  16 
55V  Jan.  16 
6S;K^  Jan.  9 
78)iFeb.    9 

109X  Feb.  9 
49jiJan.  10 
14%  Feb.  9 
22  Feb.  lb 
36     Jan.   10 

109)i  Feb.  10 

i;2jiPeb.  10 
34Ji  Jan.  12 
•38^  Mch.  30 
Six  Mch.  30 

118  Jan.  9 
83%  Dec.  10 
20  Nov.  7 
36K  Nov.  24 
48  Nov.  27 
51X  Sept.  30 

120     Nov.  13 

65>i  Dec.     1 

73     Feb.    9 

6|  84     Nov.  30 


Sarerelgns 14  87  at4  92 

Napoleons S  3S  »  8  92 

.X.V  K^lchmarks 4  75  a  4  8U 

German  X  thalers TM  »  .... 

Prussian  X  thalers 7  80  <S  .... 

(}<;rinan  Kronen 6  50  &  8  70 

XKUllders 3  90  «  4  20 

Fiue  sliver  bars 1  21Ma  1  <:2 

Forelsn  Excbanse. — For  the  first  time  in  several  weeks 
there  has  been  a  reduction  in  the  banker.'*'  rates  for  foreign 
exchange.  Tlie  better  supply  of  commercial  bills  arisinsj  from 
grain  Bliipments,  and  the  very  easy  condition  of  monetary 
affairs  in  London,  have  both  contributed  to  make  rates  easier.  It 
is  remarked  among  exchange  deiilers  that  a  supply  of  grain  bills 
generally  seems  to  have  more  effect  on  our  market  than  would 
the  same  amount  of  exchange  coming  from  any  other  source, 
tliough  the  particular  reason  for  this  is  not  definitely  accounted 
for.  To-day  the  rates  on  actual  business  were  about  4.86j*4.86i 
for  60  days'  sterling  and  4.89  for  short  sight.  Quotations  are  as 
follows : 

, July  23.—  . 

60  days.  3  days. 

Primebankers' sterling  bills ■4.86>i'^4.67  4.89'-i@4.90 

London  good  bankers'  do* 4.86    &4.H6}i  4.89)^(^4.90 

Loudon  prime  com.  eter  do 4.84)^104.86  4.89    @4.89J< 

Pari8(francs) 5.17X^5.163^  5.14>ia5.13)i 

Antwerp  (francs) 5.17>i@5  16)f  6.14>i®5.13M 

Swiss  (francs) % 6.17!^@5.16V  5.14)iia5.13X 

Amsterdam  (guilders) 40Ji@    W%  UH'it    41J< 

Hamburg  (reichmrks) »4!i@    95  95>ia    95J, 

Frankfort  (reichmarks) 94X@    95  95Ji3    95% 

Bremen,  (reichmarks) 94%!^    95  95Ji®    95% 

Prussian  (reichmarke) 94%®    95  95>»a    95Ji 

The  transactions  tor  the  week  at  the  Custom  House  and  Sub 
Treasury  have  been  as  follows: 


-Latest  earnings  reportea.- 


Jan.l  to  latest  date. 


Koads.  187S.  1874.  1875.  1874 

Atch.,  I'op.  &  S.  Fe.  Month   of    May.  $107,645  $101,344  ^471,240  $I72,.",67 

Central  Pacific.  ..Month  of   June.  1,711,000  1,366,613  7.817,000  6,323,963 

Cnic.  DiUV.&Viic.  Month  of    May.  ,'>.5,18!  41646  233,614  211,577 

Gin.  Lafay.  &  Chic.  2'1  week  of  July.  9,105  8,615  202,109  235,3.54 

Denver&R.Grande.lat  week  of  July.  7.879  8,697  18|.,4i0  17fi,.i57 

Illinois  Central  ....  Month  of   June.  599,928  r,fl3,416  8,367,2S8  3,615.076 

Ittdianap.  Bl.  A  W...  Monthof  June.  79.3«  1.30.164  586,267  822,693 

Indianap.Cin.&Laf.  Month  of    May.  145,892  144,872  681,168  723,753 

Intern'l  A  Gt  North.  1-t  week  of  July.  16,548  15,157  69B,7j4  586,397 

Kansas  Pacific Month  of    June.  275,665  316.3;!9  1,150,287  1,519,681 

Keokuk  ,&  Ucs  M...  Month  of    June.  66,488  49,954  403,886  327,77; 

Mo.  Kansas* Tex...  Month   of  June.  218,094  237,420  l,238,0i3  1,429,886 

Mobile*  Ohio Month   of   May.  100,532  146,667  69.3,397  963,864 

St.  L.  Alton  &T.H..  Ist  week  of  July.  15,874  20,917  482,740  6U7.793 

do           branches.  2d  week  of  July.  9,213  10,241  294,009  265,757 

St.  L.  I.Mt.&South.  2d  weekof  Ju  y.  .58,000  66,962  1,740,860  l,5.39.-.;07 

St.L.  A  Sontheast.  Month  of  June.  65,083  96.9.39  479,265  598.7.'J0 

BtPanl&S.City.&c.  Month  of    May.  73,221  8!),472  236,581  301,997 

Union  Pacific   Month  of  June.  OiO.OOO  902,881  5,3.54,6,^3  4,563,632 

The  Gold  Market. — Gold  has  made  a  further  important 
decline,  having  touched  111}  today  as  the  lowest  point 'of  the 
week,  closing  at  113f .  The  principal  feature  in  gold  appears  to 
be  the  absence  of  speculative  support,  and  it  is  possible  that  the 
decline  in  price  has  also  been  assisted  by  sales  on  short  account, 
f'ertaiuly,  the  purchases  to  cover  short  sales  have  been  one  prin- 
cipal cause  of  the  temporary  reactions  in  price,  and  the  spasmodic 
advances  of  a  fraction  which  have  taken  place  from  day  to  day. 
It  is  generally  thouglit  that  the  dtcline  in  gold  has  been  too 
rapid,  as  the  extreme  decline-  has  reached  about  5i  per  cent.,  and 
it  is  also  seen  more  clearly  than  heretofore,  that  the  influences 
which  carried  the  premium  up  to  117^  were  more  largely  specu- 
lative tlian  had  generally  been  supposed. 

At  the  Treasury  sale  of  |1,(X)0,000  on  Thursday  the  total  bids 
amounted  to  $3,625j000.  On  gold  loans  the  rates  to-day  were  1, 
2  and  3  per  cent,  for  borrowing,  flat,  and  3  per  cent,  for  carrying. 

Custom  receipts  of  the  week  have  been  $3,147,000. 

The  following  table  will  show  the  course  of  gold  and 
operations  of  the  Gold  Exchange  Bank  each  day  of  the  past 
week  : 

. (jactations. , 

Open-  Low- High- Clos- 
ing,    est.     est.    iuK. 
Saturday,  July  n....114K  1I4X  114K  1I4J< 


Custom 

House 

Receipts. 

July  17 J226,000 

"     19 456,000 

"     20 379,000 

•      21 314,000 

••     22 491,000 

"     23 281,000 


-Receipts. 


-8nb-Treasnry.- 


Gold. 
$.341,822  31 
5SS,9i4  45 
437,675  00 
343.674  16 
613  373  76 
393,480  47 


Currency. 

$941,093  63 
1,257,203  33 
1,36S,221  93 
6,630,005  35 
896,251  20 
1,718,186  12 


-Payments. - 


Gold. 

$214,989  81 
313,576  27 
310,258  40 

1,1 98.0  H3  26 
290,350  21 

1,877.913  32 


Ourrenry. 
$950,454  00 

815.103  75 
1,081,376  91 
6,1116.350  50 

730,688  01 

601,012  CO 


Total $2,147,000       2,622,410  18    12,810,96156   4,505,17133    10,.'!78,015  20 

Balance.  July  16 34,1.35,758  01    53,781,217  8!) 

Balance,  July  23 32,552.996  86  56,214,164  25 

AewVorU  City  BanHs. — The  following  statement  show* 
the  condition  of  the  Associated  Banks  of  New  York  City  for  th" 
week  ending  at  the  commencement  of  business  on  July  17, 187.5  : 


-ATXBAeS  AMOUNT  OF- 


Bakks. 


NewTork $8,000,000 

Manhattan  Oo 2,050.00C 

Merchants' 3,000,000 

Mechanics' 2,000,000 

Union 1,500,000 

America 8,<X)0,000 

PhcEuix 1,300,000 

Ulty 1,000,000 

Tradesmen's 1,000,000 

Fulton 600,000 

Chemical 300.000 

Merchants' Exeh'ge.  1,000.000 

Gallatin,  National..  1,500.000 

Butchers'&Drovers'  800.000 

MechanlcB&Traders  600,000 

Greenwich 200,000 

Leather  .Manuf 600,000 

Seventh  Ward 300,000 

State  of  N.  York. .  .  2,000,000 

American  Exeh'ge.  5,000,000 

Commerce 10,000,000 

Broadway 1,000,000 

Mercantile 1,000.000 

Pacific 422,700 

Republic 2,000,000 


Loans  and 
Capital.   Discounts.    Specie. 


Legal 
Tenilers. 


J9.935,:!l.O    $il,5'>7,300    H,oS-.!,i:0 


Chatham. 

People's 

North  America... 

Hanover 

Irving 

Metropolitan 

OtizeuB 

Nassau. 


450,000 

412.500 

1.000,000 

l.OOO.Ol'O 

5U0.000 

i,oei',coo 

6W,0C0 

^oot^ooo 


Market 1,000,0('0 


St.  Nicholas, 
Shoe  and  Lrather. 

Corn  Exchange 

Continental 

Oriental 

Marine 

Importera'A  Trad'rs 


1,0(10,0110 

1,0011.000 

1,000,000 

1,500,000 

300,000 

400,000 

1,500,000 


Park 2,000,000 


Monday, 
Tuesday,  " 
Wednesday,  " 
Thursday,  " 
Friday, 


19....I14><  113%  \U'4  114 

20...  .114    WAX  \u%  \wy, 

81....113X  \li%  113i(  \\%% 
22. ...113  112«  113  112V 
»3,...112X  UIX  112K  USX 


Total      , Balances. . 

Clearings.      Gold.    Currency. 

$50,073,000  $1,929,425  $2,321,275 
3(1,639,000  1,127,515  1,302,747 
33,698,000  1,440,260  1,656,039 
53,180.000  2.589,829  2,982,733 
54,542,000  2,410,756  2,763,671 
38,34S,000    1,298,923    1,501,962 


Currentweek 114X  UIX  114K  MiH  $371,380,000     $ 

Prevlons  week 116X  114S  116)f  114X     286,803,000    2,166,095 

J»n.l,18TB.todate...ll»X  lllX  117X  112Jt        


2,497,705 


Mech.  Bank'gAsso. 

(Srocers* 

North  River 

East  River 

Manuf act'rs* &  Mer. 
Fourth  National. . . . 
Central  National... 
Second  National.... 
Ninth  National.  .,. 
First  National, 


500,000 
300,000 

1,000,000 
350,000 
300,000 

5,000,000 

2,000,000 
300,000 

1.500,CCC 
50C,(0D 


Third  National 1,000,000 


N.Y. National  Exch. 

Tenth  National 

Bowery  National , . . 
New  York  Co.  Nat. 
German  American. 
Dry  Goods 


500,000 

1,000,000 

250,000 

200,000 

I.OOO.IHIO 

1,000.000 


6,33i.600 
9,11.1,200 
C',90.tiO) 
4.4-4,800 
!',615,0'.HJ 
S,5a3,«l 
5,nS,lllO 
8,713,800 
1,74I,JOO 
8.691,100 
S,S3J.700 
3,825.600 
2,343,000 
1,87.1.000 
».3,;iOO 
3,M9?,71X1 
l.OJ  3,-00 
4,9 15,700 
12,909.100 
18,4)3,1400 
5,SM,400 
4,308,H'0 
I,7r!,S00 
3,3«J,'r00 
S,'.9<,r.00 
1,407,2(0 
8,6b'.',5O0 
3.432,0110 
2,314,000 
11.930,IW 
1 ,68!l,!>00 
2,175,8C0 
2.914.400 
2,3(KI,100 
4,017,000 
2,800,400 
4,40l',300 
1,S3S,300 
2,396,000 
16,432,900 
13,9S9,'2O0 
89i,5U0 
691,500 
1.013.200 
1.050.000 
736,500 
19,730,600 
70«.000 
1,697,000 
6,599,';  00 
5,831.200 
3,636,7tO 
1,491,700 
2,3r2,*00 
1,237,500 
1.270,000 
9.311,300 
2,253,8v;0 


397,900 

1,1»6,300 

1,OSS,000 

263,100 

341,100 

sia.too 

869,200 
48.200 

193,400 

441,100 
51,500 

45S,:00 
39,000 
25.500 

361,200 

33,200 
284,400 
672,500 
414,500 

57,400 
150,000 

9.700 

819,500 

239,800 

400 

33,600 
127.100 

2(j,000 
47.1.0i;0 

35,200 

33,100 
107,800 

85,900 

10,100 

4J.100 

101,900 

5.900 

62,200 
410.800 
5:9,900 

27,200 
7,800 

15,700 

5,000 

1. 100 

980,400 

22,000 


230.900 
429,900 
797,010 
11,000 
52,200 
2,100 

22f,70b 
19,000 


la.'joo 
2,110.100 
i,iHi.;oo 

1.032.900 

a.6.5.600 

896,  UU 

2,480,000 

556.800 

431,-00 

l,7»7,3O0 

831,flJ0 

71S.800 

436,1100 

a!S,9O0 

129.500 

408.600 

348,500 

2,014,200 

2,57S,iW 

3.1I|S,500 

!, 157.700 

86'.,200 

1,029,100 

406,800 

7  S,300 

23;.0OU 

sa.ooo 

71'UIOO 

73;,(X)0 

2,971,000 

403,900 

478,500 

379,800 

853,300 

1,324,000 

482,000 

611,1100 

210,800 

4S1.000 

4,889.900 

6,831.000 

4I8.3U0 

167,600 

173,600 

168,600 

20J,9OO 

4.140,000 

1,8*3.000 

553.000 

2,032,300 

1,612,700 

3,881,1110 

229,1011 

720,900 

2,50,700 

83l,«0 

1>16,500 

263,700 


Net 
Deposits 
|IO,S05,1I») 
5.«S6,UO0 
8,814.800 
5.s55.fif«l 
8,411,900 
8,617,800 
^',960.800 
5,425,000 
2,345,600 
1,397,600 
7,749,500 
3,40l,5'.« 
2.421,000 
l,6dU.000 
1,211,6(10 
1,016.300 
3.SSS,iO0 
1,061.200 
4.576,200 
9,987,0(10 
7.(135,300 
3.353,900 
4,0(5,700 
2,122,500 
5,443,100 
3,358,5(0 
I,2'.0,30O 
2,37.'.400 
2,»;i.S00 
2,453.000 
9,388.000 
l,8«.9O0 
2.2-9,600 
1,»94,500 
1,243,200 
3,)8j,'00 
1,55!,900 
3,I63„3(0 
1,305,300 
2,213,700 
19,285,800 
19.434,900 
853.400 
639,100 
823.S00 
677,500 
717.600 
16.777,000 
6,3(3,000 
1.792,0(0 
6,956,800 
7,100.600 
6,83'., TCIO 
1,018,400 
1,744,900 
9»0.6'10 
1,(116.0011 
4,345,300 
1.755,100 


Clrcula- 
tlon. 

»7.700 

9,500 

531.900 

433,600 

t75,7(.0 
762.700 


426,300 
460,300 
U8.(00 
195,700 
2.700 
216,100 
1.55,300 
350,300 
649,600 
1, 878,6(10 
887,000 
•225,0110 

631  .Coi' 

267,8(10 

5,6C0 

28bii6o 

138,900 
286,000 
180.2i:0 

8,900 
225,000 
699,000 
796,000 

4,910 
4»».7«1 

4,000 
228,100 
480,600 


303,100 


190,0(10 

2,U4',il'cO 
1,314.000 
1,S5.(K  0 
453.700 
■  45,000 
41i,400 
269.91'0 
888.900 
225,000 
160.O0O 


Total »3l.(3J.2OOt279,553,8O0  116.964.900  t73,79S,300  1250,326,600  $18,801,600 

The  deviations  from  the  returns  of  the  previous  week  are  »b 

follows : 

Loans  Dec.  »1,303.(X10  |  Net  Deposits Inc.    »421.4CO 

Specie    Inc.        2i,600  |  Circulation Uec.       53.200 

Leiral  Tenders Inc.    3.S84.1Q0 


Tbe  following  are  thetotals  for  a  series  of  weeks  past 


The  following  are  the  quotations  in  gold  for  foreign  and  Ameri- 
oaM  coin ; 


Aorll  21.. 
May  1  — 
May  8.... 
May  15  ... 
May  22.... 
Marl29.... 
June  5.... 
Jane  12... 
June  19... 
June  26... 
July  3,... 
July  10.., 
July  17,,. 


Loans. 

275,886  (1011 
27,3.253,900 
4<3,420,800 
285.216,900 
283,600,800 
251,396,500 
23l,401,f00 
237,337,800 
275,217,500 
276.707.800 
•279.397.200 
280.866,900 
279,553  .SCO 


Specie. 
12.045,900 

».5 11.800 
10.100,000 
10.364.,i00 
10,634,600 
ll,46i.6(10 
10,635,200 
10,W3..'00 
11.633,300 

8,847,000 
13.824.600 
16,937,300 
16,964,900 


Legal 
lenders. 
53.970,300 
57,132,^200 
58.0l7.500 
59.356  300 
61 ,0-22,000 
63.371,900 
64,632,300 
66:322,500 
68.900,-200 
71.491,500 
73,532.100 
TO,66U00 
•iS.TJS.SOO 


Deposits. 
2I7.9».3'J0 
221.062,100 
2^27.SW.3('0 
231.9SI.300 
232,120,700 
2,32,890.900 
233.424,100 
233.163,700 
231,068,100 
235.768,000 
245,395,700 
25C1.405  200 
250,826,600 


Clrcu. 

iatlnn. 
21.1I6.-2O0 
20,734,800 
20,I3'(.400 
8(  1.363.800 
20.169.10J 
19.9^21.1(i0 
19.790.800 
19.666.601) 
19.112.000 
19.016.500 
13.932.500 
18.854.800 
18,8(11,600 


Aggtegale 
Clearing^. 

448.065.054 
500.'.ai.590 
513.6rl.092 
4i7,921.394 
514,251,270 
430.141,5,50 
41>2,0^22,l-27 
Si;;.122,915 
433,739,499 
424.699,409 
4:8.902.580 
873,123,183 
8115,945,746 


July  24, 1875.] 


THE   CHKONICLK 


81 


«••«•■  Bask*. — Below  we  irive  a  iMtemeot  of  the  Bosto" 
National  Banke.MretarDod  to  the  Clearing  Houie  on  MoDdm7> 

Julr  !».  1(175 : 

l>a*a>. 


BOSTOW,    PHILADELPHIA,  Etc.-Condnned. 


kaOUBITIB*. 


Bid. 


PHILADBLPHIA. 

■TATI  AMD  OITT  BOV9S. 

p«aa*TlTUil»st,  coop 

do  do    re^ •.» 

to       u,  io-i>.  a..,.. 

«o  do      15-».  M.. 

rhU«4elptal*  i<,  ad 

do  >*.  new 

AlKwlnny  CouBiT  9«,  coup.. 
nsubarsM •«•• 

do       M ~ 

do       «• 

Hew  Jency  Bute  tt.  Kx«ai»tt 
CamdoB  Coaatj  •' 
<'amdeDCItr  la.. 

Pilawar'b 

HarrUbsr*  CUT  •• 

aj^LaoiD  iTOoaa. 

OaMden  4  AilauUe 

do  do      pr«f 

CatawlM* 

do        pr«i •••- 

do        aew  pr«r 

BiBiiraA  Willluupon.. ...... 

Baura  *  WDlUmtport  pnt.. 

■Ml  l»«BaTlTMll»......;^.... 

Haaliasdoa  *  Broad  Top  .. 
4o  do    »••* 

tiAls*  Valley 

UMetokarlull 

MImMU 

■M«aalMalBC  Valley 

KorrWawa. 

KeiaMra  Caaual.. 

■offtk  P»Daaylva»la 

Odae«k*lU«k«By  BlT«r 

raaaoinala. 

rilUdalpkla  *  Brlc  

Piilla4*lpkU  *  JUadlBf 

puiadelpau  *  Trastua. 
Pktia.,  will 


Aik 


101 H 
leiX 

•M 

111 

U5 

ii" 
wi ' 

IK 


a 
ts 

1»H 
UH 
*»% 
it 


unx 


liHX 


BALTinORK. 

Minlaad  ••,  defence,  J.  ft  J. 

do       to. exempt,  ls!r7  ... 

do       to.  ino,  qoarterl)'.. 

do        ft»,  qaarterly 

Banimon  u,  \»M, 


■aovaiTiaa. 


do 
do 
do 
do 
do 
do 
do 


.1^, 

.1890. 


,  quarterly 
to.Park,lba'.  »J— M 


Bid. 


10SJ« 

;o«H 

lOS 
MS 

:ot 

lOIK 


105 


«**tC1 


miaa.a  BalthDora 
J .  Compftalea..... . 

■oi.  praf.... 

IT •».. 


T««al — nur.jMT  tuuviaa  li.m.M 

tkaiatal  amoaai  ■'daaca»tk«rilaaaa."a*  peralalaiBaat 


im  im. 

ta«J<iyl»,l» 
Tke devUtloiia  rrom  Ikst  week'* ret uraear*  aa  loljowe: 

ifMal (ncraa'e.  IllljBBi bwalTastaia 'ucreaie    MKJM 

.laeroaw.  l.a>T,:«l  i/«i>aelU I.Tll.at 

OeraMt.    iimmI  t:irealaUM Ui,ldi 

TWIollowlBgare  the  totaUfora  ■erleaef  wen  '     . 

17?":.:::.:::  I'SaS     .SS     ^     U.Vw*     w 

Jalj   1»  .__— .  . 


&£S    }iS}iS 


PMIa«el^lila  •*-•••(.  —The  followtag  ta  tbe  ararac*   eon 
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lag  ifoo'la/,  Jai 

Baaas 
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Total  aal 
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^i^irt-:::/::::::::::::: 

kill  XaTlcatioB. ....... 

do  pnf... 

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do     laa.lB«B£H 


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lilt 


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to,19a>.J.aj 

to.  int.    do    

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Nortliem  Cenlral SO 

WeeUra  VaryUnd W 

renirall  hlo » 

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do         to.i98S.  A.a  O... 

M.W.Va..M  >l.(auar)'M,JJkJ. 

Plttab.accDBelbT.  ilW,  do 

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do  to.  aolo.!"*). ')■*<>■ 

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do       to.Sd.  J.a  J...... 

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do       Caolon  endoraad. 

MIBCBLL*aBor». 

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WB4M  ;  D«|  I  ■■.. lad.    i&mnt 

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.    0*f-  tttmixt  ipaaia.   LaaaiTeadaf.     Ii»p.>*ii<.  vii«al*liMi 

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Water  Stock  bonda  :a,H01.... 

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do  »*J! 

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6aTtoB  A  Michlian  atnek  .... 
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I  LOOfSVILLK. 

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do       tof^tow 

do        Walei  to,  't?  to  ■»». 
do        Waur  Stock  to,  f>. 

da        Wharf  to ...^■ 

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liOa|ar.,ClB.*  Lei..pr*r 

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HT.  LOVIS. 

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to      WaUi  to  Kold • 

do  do       do  (new)* 

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do  Ken<iw»i  (old  to * 

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'88 


THE   CHRONICLE 


[July  24,  1876 


GENERAL  QUOTATIONS  OF  STOCKS  AND  BONDS  IN  NEW  YORK, 
ff.  8.  B&nd*  ana  actiw  Railroad  Stock*  art  quoted  on  a  premoiu  page.    Prices  represent  the  per  cent  value,  lohatever  the  par  may  b  e  ^ 


MOirmimi. 


State  Bonds. 

Uibun>ta,18SS 

do      M.ISM 

do      f»,ism 

do  8i,Mont.  *Knfl»K. 
do      8i.Al».*Ch«t.R^.. 

do      8» of  18«.. 

Arksntu  «•.  f  nnded.  ........•• 

do  -'.I.-  R*  Ft.  8.1m. 
do  '».  MeiniihiB  ft  h-  R- 
do  >  I..K.,V.B.*N.O 
do  7l,Ml««.0.  *R.  BtT. 
do       7i.  Arlt.  Cent.  R.  .. 

UtllfornUTB ...-.^ 

do        7s,  l»rgebondi..  .. 

Conneetlcutta 

G«orgU  •■ 

do       7ii,  new  bonda 

do       7«,  endorsed 

do       7s,  Kold  bonds 

Indian*  98 -. 

Illinois  ta,  coupon,  1877 

do  do       tnt 

do       Wtrlonn 

Kentnoky  6s 

Lonlslanft  6e 

do        do  new  bonds..  .. 
do        do  new  floating  debt 
do        7s,  Penitentiary.. . . 

do        (a,  levee  bonds 

do        6s,       do  

do        S«,        do         1675.. 

do        8s of  WIO.. 

Michigan  as,  187S-T> 

do      6a,188S 

do      7s,  18M 

Mlisourl  6s,  doe  In  1813.... 
do      do  1876.  ... 

do      do  isn 

do      d€  1878.  ... 

do      do  1879 

do      do  1880 

Funding  bonds  due  In  189MS. 

Ijong  bos.  dne  "81  to  tl  Incl.. 

ABylam  or  Unlvers.,  dne  1893. 

Han,  ft  8t.  Joseph,  due  1875. 

do      do  do  1876. 

do      do  do  1886. 

do      do  do  1887. 

Hew  York  Bounty  Loan,  reg 

do  do         coup. 

do        6«,  Canal  Loan,  1875. 

do        68,        do  1877. 

do        6s,        do  1878. 

do        6«,gold  reg.... 1887, 

do        6e,  do    coup.. 1887. 

do         6s,  do     loan.. 1883. 

do        6s,  do      do  ..1891. 

do        5s,  do      do  ..1675. 

do         68,   do       do   ..1876. 


North  Carolina 6s,  old, .).  &  J. 


A.  &0. 
N.  C.RR.....I.&  J. 

do         ...A.  &0.. 

docoapoff..J.  &  J.. 

do  do  ofl.A.&O.. 
Ftindlne  act,  isii6... 


New  bonds,  J.  A  -T. 
do  A.  &  O. 

Special  tax.  Vims  1 
do  ClasB  2 
do      Class  3. 


do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 
Ohio  68, 1875. 

do    6«,<R81 

do    68.1866 

Rhode  Island  6« 

South  Carollua  68 

do       Jan.  &  July. 

do       April  &  Oct 

do       Funding  act,  1866... 

do      LandC,  1889.J.&  J 

do      LandC,1889,A.&0. 

do       78 0(1888 

do      nonfundable  bonds. 
Tennessee  68,  old 

do       do  ex  coupon 

do      do      do  new  series 
Texas,  lOe,  of  1876. 
Virginia 6s.  old... 

do       do  new  bonds,  1866... 
do      do      do  1867. 

do       do  consol.  bonds... 
do       do    ex  inatu  d  coup 
do      do    consol.  Sd  series,. 
do       do  deferred  bonds.. 

District  of  Columbia  3.65« 

KallroHd  ^tocka. 
(Activfi  previouhly  quoted.) 

Albany  &  Susquehanna 

Central  Pacinc 

Chicago  tt  Alton 

do  do    pref 

Chic,  Bur.  &  Qufncy 

Cleve.,  Col.,  Cm.  &  Indlanap.. 

Cleveland  ft  Pittsburg,  guar.. . 

ubuque  ft  Sioux  City 

Erie  pref 

Hannibal  ft  St.  Joseph,  pref. . . 

Illinois  Central 

Indlanap.  CIn.  ft  Lafayette... 

Jollet  ft  Chicago 

Long  Island 

Marlettaft  CIn.,  1st  pref 

do  2d  pref 

Michigan  Central 

Morris  ft  Essex 

Missouri,  Koneas  ft  Texas.  . . 

New  Jersey  Southern 

N  Y.,  New  Haven  ft  Hartford 

Ohio  ft  Mississippi,  pref 

Pacinc  of  Missouri 

Pitts.,  Ft.  W.  ft  Chic, guar.... 
do  do    special.. 

Uensselaer  ft  Saratoga 

Rome,  Watertown  ft  Ugdens.. 
St.  Louis,  Alton  ft  T.  Haute. . . 
do  do  do       pref 

Belleville  ft  So.  Illinois,  pref. 
8t.  Louis,  Iron  Mount,  ft  Sooth. 
Toledo,  Peoria  ft  Warsaw  . 
Toledo,  Wab.  ft  WcBtern,  pref. 
fflllscellaiieoun  Klockx 
American  lUstrlcl  Telegraph.. 
Boston  Water  Power.. 

'.^anton  Co.,  Baltimore 

Cent.  N.  J .  Land  Improv. Co.. 
O  lawace  ft  Hudson  Canal 

A'nerican  *:oai. 

Cnnsolldatlon  Co«l  of  Iwd 
Mariposa  L.ftM.  Co.,  ass't  paid 
An      do  prof     " 


do 


29 
39 

l* 

101 

1U9 

lOOK 

IOOJ< 

lOOH 

lOOH 

li»>4 

WIH 

100 

100 

100 


106 


30X 

30 

50 

50 

33 

33 

12 

11 

10 

10 
3X 
2>i 
2>4 
lOOX 
102 
107 
103 

32 


6 
50 
M% 
ii\ 
102 
36 
87  j< 
37)1 
62 
51 
46 

4* 
72 


104 
108X 
lU 
45 

fix 
60 


98X 


23» 

143  H 
14 


»H 


in 

9H 
10 


lois 


106X 


68M 
IttiM 


144X 
46 


66 

liik 

w' 
jox 


SKUURITIXS. 


Cumberland  Coal  *  Iron 

Maryland  Coal 

Pennsylvania  Coal 

Spring  Mountain  Coal 

Railroad  Bond*. 

{Stock  Kxehangt  frires.) 

Albany  ft  Snsq.,  let  bonds... 

do  do      2d     do    ... 

do  do      8d     do    ... 

Boston,  Hartf.  ft  Brie,  Istraort 

do  do  gtiar — 

Bar.,  C. Rapids  ft  Minn.  1st  Ts,  g 

Chesapeake  ft  Ohio  6s,  lat  m.. . 

do  do        ex  coup 

Chicago  ft  Alton  sinking  fund. 

do  do     Istmort 

do  do    Income 

Jollet  ft  Chicago,  1st  mort 

Louisiana  ft  tfo.,  let  m.,  guar 
St.  Loula.  Jack.  A  Chic,  1st  m 
Chic.  Bur.  ft  Q.  8  p.  c.  IBt  m. . 
do  do   conBol.  m.  78 

Chicago,  lik.  Island  ft  Pacltlc. 
Central  of  N.  J.,  1st  m.,  new. .. 
do  do     1st  consol.... 

do  do      Sd  mort 

do  do     con.  conv 

Am.  Dock  ft  Improve,  bonds.  _ 
Mil.  ft  St.  Paul  1st  m.  8s,  P.  D. . 


do 
do 
do 
do 
do 
do 
do 
do 
do 


do 
do 
do 
do 
do 
do 
do 
do 
do 


do  7  ilO  do 
7s,  gold,  U.  D. 
lstm..LaC.D. 
Istm.l.ftM.D, 
Istmi  I.ft  D.. 
Istm.  H;ft  D, 
let  m.  C.  ft  M. 
1st  Consol.  ... 
2d  m.     do 


Chic,  ft  N.  Western  sink,  fund 


do 
do 
do 
do 
do 
do 


do 
do 
do 
do 
do 
do 


Int.  bonds, 
consol. bds 
ext'n  bds. 
1st  mort 
cp.gld.bds 
reg.   do 


Iowa  Midland,  Ist  mort.  6s, 
Galena*  Chicago  Extended.. 

Peninsula.  Ist  mort.,  conv 

Chic  ft  Milwaukee,  ist  mort. , 
Winona  ft  St.  Peters,  Ist  mort 
do  do  2d  mort.. 

CC.C.ft  Inu'8.l8tm.7s,  8.  F. 
Del., Lack.*  Western, 2d m.. 
do  do     78,  conv. 

Morris  ft  Essex,  Ist  mort. . . 

do  do      2d  mort 

do  do      bonds,  1900 

do  do     construction . 

do  do     7sofl8n 

do  do     Ist  con.  gold. 

Erie,  iBt  mort.,  extended 

do       do  endorsed 

do     2d  mort.,  7s,  1879 

do     Sd    do      7s,1883 

do     4t,h  do      7s,  1880 

do     5th  do      78,1888 

do     78,  cons.  mort.  gold  bds 

Long  Dock  bonds 

Buir,  N.  Y.  ft  Erie,  1st  m.,  1877. 
do  do  do  large  bds 
Han.  ft  St.  Jo.  land  grants. . . . 
do  do  88, conv.  mort.. 
Illinois  Central,  7  p.  c,  1875. . . 
Dubuque  ft  Sioux  City,  Ist  m. 
do  do  2ddlv 

Cedar  Falls  ft  Minn.,  Ist  mort 
Indlanap.,  Bl.  ft  W.,  1st  mort. 
do  do        2d  mort.. 

Mich.  So.  7  p.  c.  2d  mort 

Mich.  S.  ft  N.  Ind.,  8.  F.,  7  p.  c 
Cleve.  &  Tol.  sinking  fund... 

do  do    new  bonds 

Clevc.P'vlUe  ft  Ash.,  old  bds 

do  do     new  bdB 

Detroit,  Monroe  &  Tol.  bonds. 

BuSalo  ft  Erie,  new  bonds 

Buffalo  ft  State  Line  7a 

Kalamazoo  &  W.  Pigeon,  1st. 

Lake  Shore  Dlv.  bonds 

do  Cons,  coup.,  1st... 

do  Cons.  reg..  1st 

do  Cons,  coupj.  2d 

do  Cons,  reg.,  2d 

Marlettaft  CIn.,  Ist  mort 

Mich.  Cent.,  consol. 78, 1902  ... 

do  iBt  m.  88, 1882, 8.  f. 

do  equlnm't  bonds... 

New  JerBey  Soutliern,  1st  m.  78 

do  do     consol. "' 

New  York  &  Sew  Haven  6s. 

N.  Y.Central  6b,  1888 

do  6s,  1887 

do  6s,  real  estate 

do  68,  subscription. 

do  78,1876 

do  78,  conv.,  1876. 

do  "8,  1865-76 

do  &  Hnd8on,l8tm.,coup. 
do         do     l8t m.,  reg.. 
HudBon  R.  7s,  2d  m.  s.  fd.  18%. 

Harlem,  Ist  mort.  7b,  coup 

do  do  reg 

North  Missouri,  1st  mort 

Ohio  ArMlsB.,  conBOl.  sink,  f d 
do         do     consolidated.... 

do         do     2d     do         

do  do      1st  Spring,  dlv. 

Central  Pacific  gold  bonds 

do  San  Joaquin  br'nch 
do  Cal.  A  Oregon  Ist.. 
do  State  aid  bonds 

Western  Pacific  bonds 

Union  Paclllc,  Ist  mort.  bonds 

do  Land  grants,  78. 

do  Sinking  fund... 

\tlantic  &  Pacific  laudgr.  m. 

South  Pacific  RU.  bde.  o?  Mo. 

Pacific  R.  of  Mo.,  iBt  mort.  ... 

do         do         iBtCaron'tB. 

do         do         2d  mort 

Pacific  R.^Tb,  guarant'd  by  Mo. 
Pitts.,  Ft.  W.  ft  Chic,  l8t  mort. 
do  do     2d  mort. 

do  do     3d  mort. 

Cleve.  ft  PlttB.  consol.  s.  fund 

do  do     4th  mort 

Col.,  Chic  ft  Ind.  C.  I8t  mort. 
do  d(,     2d  mort.. 

Rome,  Watert'n  ft  Og.  con.  Ist 
St.  L.  ft  Iron  Mountain,  Istm. 
Sdn 

Alton  ft  T.  H.,  iBt  mort 

do  do    2d  mort.  pref... 

d)         do     2d  mort.  Income 


Bid. 


100 
24* 


102 
113 
104  Si 
108X 


99X 


«'% 

92 

83 

84V 

HI 

«m 

85 

m 

Td 

79 

m 

04H 

Oil 

1112 

97 

MH 

90 

m% 

S4X 

84% 

61 

lojx 

96X 

M 

43 
106 
lU 


109X 

102 

lOSX 
103X 

lOi 
96 


84K 


80 

28 
9 
102 
101% 
105 
iOSx 
101)4 
IM 

"§>< 
108 

100 

loi' 
i66' 

96)i 
95)4 

106 

103)4 

112 

23' 

loijt 

102)4 

l02 

iOO 

100 

lOlX 


116 
114 

link 

UOH 
89 
96X 

76" 

l66" 


99ik 
9SV 


KH 


79 
100)1 


40X 


108H 

113 

IDS 

lii" 

100 


103 
107 
103!« 


102)4 
108 


116)4 


109  J< 
UIX 


96M 


lOOH 
90* 
89J 
09 
94 

101 

lOU 
96 


49^ 


108 
92M 


BBOuamss. 


Belleville  ft  8.  III.  K.  let  m.  88. 

Tol..  Peoria  ft  Warsaw,  E.  D.. . 

do  do       W.  D.. 

do  do  Bur.  Dlv, 

do  do  2d  mort.. 

do  do  consol.7B 

Tol.  ft  Wabash,  1st  m.  extend. 

do  do       Istm.St.L.dlv 

do  do       2dmort 

do  do        equlpm't  bds, 

do  do        con.  convert., 

Hannibal  ft  Naples,  let  mort.. 
Ureal  Western,  Ist  mort.,  1888 
do  ad  mort.,  1993. 

Qnlncv  ft  Toledo,  Ist  mort.  1890 
Illinois  ft  So.  Iowa,  1st  mort.. . 
Lafayette.  lU'n  &  Miss.,  iBt  m. 
Han.&  Central  Missouri,  Istm. 
Pekln.Llncoln  &  Decatur.  iBt  m 
CIn.,  Lafayette  &  Chic,  Ist  m. 
Del.  ft  Uudeon  Ganal,  1st  m.,  '91 
do  do 

do  do  ISTi 

Long  Island  RR.,  I8t  mort 

South  Side,  L.  1.,  Ist  m.  bonds 
Western  Union  Tel.,  1st  m.  78 
iniHcellaueoiis  Lint. 

iBrokert'  Quotatlons.l 
Elisabeth  City,  due  '95 


Rochester  City  Water  bds.,  '93 
Atchison  ft  P.  Peak,  6s,  gold 
Atlantic  ft  Pacific  L.  O.  6s,  gld. 
Atchison  ft  Nebraska,  8  p. 
Bur.     Mo.  Rlv.,  stock, 

do  -  -       - 

do 

do 

do 

do 

do 

do 

do 


do 
do 
do 
do 
do 
do 
do 
do 


O't- 


Land  m.  7s.. 

2dS.,do  78.. 

3dS.,do  8s.. 

4th  8.,  do  88. 

5thS.,  doSs. 

6th  S.,  do  88. 

CrcBton  Branch 

Charlton  Branch 

Bur.,C.R.&M.  (M.dlv.),g.  7( 

Cairo*  Fulton,  let 7b, gold  .. 

California  Pac.  RR.  78,  gold.. 

do  6b,  2dm., I 

Canada  ft  Southern  l8t  78,  gol 

Central  Pacific  78,  gold,  conv. 

do  Land  grant  68,] 

Central  of  Iowa  let  m.  7s,  goli 

do  do     2d  m.  7b,  gold 

Keokuk  ft  St.  Paul  88...  " 

Carthage  ft  Bur.  8s 

DIxon.PeorIa  ft  Han.  8b 
O.  O.  ft  Fox  R.  Valley  88 
Qulncy  &  Warsaw  88 — 
IllinolB  Grand  Trunk.... 
Chic,  Dub.  &  Minn.  86.. 
Peoria  &  Hannibal  R.  8s. 
Chicago  ft  Iowa R.  88... 

American  Central  88 ,    . 

Chic  ft  Southrfestcrn  RU.  7b 
Chesapeake  ft  O.  2d  m.  gold  78 
Col.  ft  Hock.  V.  Ist  78, 30  years 
do  do     l8t  78, 10  years 

do  do     2d  78,  20  years 

Chicago,  C.  ft  Dub.  8s 

Chic*  Can.  South.  iBt  m.g.78 
Ch.  D.  &  v.,  I.  dlv.,  iBt  m.  g.  7b. 
Chic,  Danv.  &  VIncen's  7s,  gld 

Connecticut  Valley  7s 

Connecticut  Western  iBt  7s 
Chicago  &  Mich.  Lake  Shore.. 
Dan..  Urb.,  Bl.  &  P.  Ist  m.  78,  g 
Des  MoineR  &  Ft.  Dodge  Ist  7b. 
Detroit,  Hillsdale*  In.  RR.Ss 
Detroit  &  Bay  City  88  gnar. . . . 

Detroit,  Eel  River  *  III.  8b 

Det.,  Laos,  ft  Lake  M.  1st  m.  Ss 
do  do     2d  m.  8s 

Dutchess  &  Coltmibia  7s 

Denver  Pacific  78.  gold 

Denver  ft  RIo  Grande  78,  gold. 
Evansvtlle  &  Crawford8V.,7B., 

Erie*  Pittsburg  1st 7b 

do  do         2d78 

do  do         78,  equip 

Evansvllle,  Hen.  &  Nashv.  78. . 
KUzabethtown  ft  Padu.  8s,  con 
Evansvllle,  T.  H.  &  Chic.  78,  g. 
Flint  &  Pere  M.  78,  Land  grant. 
Fort  W.,  Jackson  &  Sag.  86 — 
Grand  R.  ft  Ind.  7s,  gold,  guar, 

do         do    7s,  plain 

Grand  River  Valley  8s 

Hous.  *  Texas  C.  1st  76,  gold.. 
Indlanap.*  Vincen.lBtVB,  guar 
Iowa  Falls  &  Sioux  C.  1st  78. . . 

Indianapolis*  St.  Louis 78 

Houston  ft  Gt.  North.  lBt78,  g. 
Internatlonsl  (Texas)  1st  g.    . 

Int.,  H.  &  G.  N.  conv.  88  

Jackson,  Lansing  ft  Sag.  Ss 

Jack.,  N.  W.ft  S.  E.lBtm.g.7s 
KansaL  Pac  Ts,  extension,  gold 
do  7s,  laud  grant,  gld 
do  7b,  do  new  gld 
do  6B,gld,June& 
do  68,  do  Feb.  *  Aug 
do  78, 18T6.  land  grant 
do  7s,  Leaven,  br'nch 
do  Incomes,  No.  11. 
do  do       No.  16. 

do        Stock 

Kalamazoo  ft  South  H.  Ss,  guar 
Kal.,  Alleghan.  ft  O.  R.  Ss.guar 
Kansas  City  ft  Cameron  lOs. . . 
Kan.  C,  St.  Jo.  ft  C.  B.  8b  of  '85 
do        do  do    8s  of  '98 

Keokuk  ft  Des  Moines  1st  7s. 
do  let  coup,  Oct.,' 
do  funded  int.  Ss 

do  pref.  8tock.. 

L.  Ont.  Shore  RR.  Ist  m.  gld  7s 
Lake  Sup.  &  Miss.  1st  7b,  gold 
Leav.,  Atch.  *  N.  W.  78,  guar. 
Leav.,  Law.  &  Gal.  iBt  m.,  lOs. , 
Logans.,  Craw.  *  S.  W.8B,gld. 

Michigan  Air  Lhie  88 

Montlcello  ft  P.  Jervls  78,  gold 

Montclair  1st  7b,  gold 

Mo.,  Kansas  *  Texas       gold.. 

Mo.  R.,  ft.  S.  ft  Gulf  Istm.  lOs, 

do         do  do    2u  m.  lOs. 

N.  J.  Midland  Ist  7b,  gold 

do  2d7s 

N.  Y.  ft  Osw.  Mid.  iBt  7s,  gold, 
do  do        2d  78,  conv. 

do  West.  Extension  7s. 

N.  Haven,  Mlddlet'n  ft  W.  7b.  . 
North.  Pac.  1st  m.  gold  7  3108.. 

do        Land  warrants 

Omaha  ft  Southwestern  RK.  8«| 


Bid.  Ask 


M 

ex 

66)4 


SI 
lOTX 


m 

99 

lOB 

106 

40 

4(1 

45 

30 

40 

113 

lllfi 

110 

110 

no 

no 

nil 

no 

112 

nil 

112 

30 

«2H 

50 

55 

60 

75 

70 

40 

55 

100 

103 

92)4 


20 

1T)4 

35 

25 

93 

65 

25 

30 


18 
20 
100 

27)4 


94 

67)i 

35 

35 

36" 
100 
70 
70 


96 

60 

84 

64 

95 

65 
112 

87)4 
100 


90 
85 
70 
75 

a' 

22)4 

18 

19 
100 
100 
100 

50 

90' 
76 
96 
25 
60 


106 
40 
32K 
60 
70 
40 
32)4 

21 

■3' 

86 
123 
2> 
«6 


asotrsTTics. 


Oswpgo  A  Kome  Is,  guar 

Peoria,  Pekln  &  J.  Isl  mort.... 

Peorla&  Kwk  I.78,(?old 

Port  Huron  A  L.  M .  78,  gld.  end 

do  do     78.  gold... 

Pnllman  Palace  Car  Co.  Block. 

do        bdB,  8h,  4tli  Bertes 

Rockf 'd,  R. I.  &  Bt.  L.  I8t  78, gld 

Rome  A  Watertown  78 

Rondout  &  Oswego  78,  gold. . . 

Slonx  City  &  Pacific  6« 

Soulh  PaclflcCs,  gold 

Southern  Minn.  conBtruc.  88. . . 

do  78.. 

St.  Jo.  &  C.  111.  iBt  mort.  lOfl. . . 

do  do  8  p.  c. 

St.  Jo.  &  Den.  C.  8b,  Rid,  W.  D. 

do  do     88,gld,E.D.. 

Sandnsky^anB.  A  Newark  78. 
St.  LoulB,  vandalla  &  T.  H.  lat. 

do  do  2d.  guar. 

St.  L.  ft  So'eaatern  iBt  7b,  gold. 
Bt.  L.  A  I.  Mt.  (Ark.  Br.>  7b,  g. 
Southern  Central  of  N.  Y.  78.. . 

Union  A  LogansportTB 

Union  Pflclflc,  So.  branch,  6b,  g 

Walklll  Valley  let  78.  gold 

Went  WlBconeln  7ft.  gold 

WlHconBln  Valley  88  .     

Sontliern  Sccnritles. 
{Brokers^  Quotations. f 

Texas  State  6b 

do        7s,  gold — 

'  do       108,of  1884 

01TIK8. 

Atlanta,  Ga., 78 ... 

do       88 

Augusta,  Ga..  78,  bonda 

Charleston  stock  68 

Charleston.  S.  C..78,  F.  L.  bds. 

Columbia,  S.  C,  6s 

Columbus,  Ga.,  7b,  bonds 

Lynchburg  65 

ftfacon  7h,  Donds 

Memphis  old  bonds.  68 

do       new  bonds,  fis 

do       end.,M.  AC.  RR.  ... 

Mobile  58.(coup8.  on) 

do       Ss, (coups.  OD) 

Montgomery  8s 

Nashville  68,  old 

do        68,  new 

New  Orleans  58. 


consol.  6b 

bonds,  7s 

gold  7b,  quarterly 

108. 

to  railroads,  6s.. 


do 

do 

do 

do 

do 
Norfolk  68 

PeierBburg  68 

Richmond  6s , 

Savannah  7s,  old  . 

do        78,  new 

Wilmington,  N.C.,68,gold.... 

do  do     8b,  gold 

RAILROADS. 

Ala.  A  Chatt.  let  ra.  88.,end.... 
Ala.  A  Tenn.  R.  Iflt  mort.  76.., 
do         do  2dmort.7s — 

Atlantic  A  Gulf,  consol 

do  do    end.  Savan'h. 

do  do    Btock 

do  do      do     guar... 

Carolina  Central  iBt  m.  es.  g. 
Central  Georgia  1  Bt  mort.  7e. 
do  consol.  m.  78. 

do  stock 

Charlotte  Col.  A  A.  1st  M.  7s.. 
do  do       stock  — 

Charleston  A  Savannah  68,  end 
Savannah  A  Char.  Ist  m-Ts... 

Cheraw  A  Darlington  7b 

EastTeun.  A  Georgia  6s 

East  Tenn.  A  Va.  6s,  end.  Tenn 
fi.  Tenn.  Va.  A  Ga.  1st  m.  7b.  . 

do  do         stock 

Georgia  RR.  7b 

do  stock 

Greenville  A  Col.  7b,  guar 

do  do    78.  certlf... 

Macon  A  Brunswick  end.  78,., 

Macon  A  Western  stock 

Macon  A  AugDBta  bonds 

do  do       endorsed — 

do  do       stock 

Memphis  A  Charleston  lat  7s.. 

do  do  2d7ri... 

do  do  stock  . 

Memphis  A  Little  Rock  Istm.. 

MiBslBsIppl  Central  iBt  m.  78. . . 

do  2dm.  88.... 

MIsBlssippI  A  Tenn.  Ist  m.  Is. . 

do  do     consol.  Ss. 

Montgomery  A  West  P.  Ist  8s. 

do  do  Income 

Mont.  A  Enfaula  ist  8s.  g.  end, 

Mobile  A  Mont.  Ss,  gold,  end. . 

Mobile  A  Ohio  BterlTng 

do  do       do     ex  certlf 

do  do   88,  Interest 

do  do   2d  mort.  8s.... 

do  do   stock 

N.  Orleans  A  Jacks.  2d  m.  Ss.. . 

do  do    certlf '8  Ss.. 

N.  Orleans  A  Opelous.  istm.  8s 

Nashville  A  Chattanooga  68.. 

Norfolk  A  Petersburg  Istm.Ss 

do  do  78 

do  do         2dm.  88 

Northeastern.S. C, Istra.  Ss.. 

do  2dm.  Ss... 

Orange  A  Alexandria.  Ists.  68.. 

do  do  2d8,  68.. 

do  do  SdB,  8s.. 

do  do  4th8,  Sh.. 

Rlchm'd  A  Petersb'K  Ist  m.  7s. 

Rich., Fre'ksb'g  A  Poto.6s.... 

do  do  conv.78 

Rich.*  Danv.  Ist  consol.  6a.. 
SouthsIde.Va., Istm.Ss...  ... 

do  2d  m.,  guar.  6s 

do  3d  m.68....... 

do  -Ithui.  SB 

Southwest  RR.  Ga.lstm, 
S.  Carolina  RR.  Ist  ID.  78»  new 

do  68 

do  78 

do  stock 

West  Alabama  Ss,  guar , 

PAST   DUK  COTTPOHB. 

Tennessee  State  coupons 

Virginia  coupons 

do       consol.  coup 

Memphis  City  coupons , 


Bid.  Ask 


Jalj  24,  1875.J 


THE   CHRONICLE 


8S 


NEW  YORK  LOCAL  SRCUR[T[BS. 


Bask  stcck  LlM. 


■■■■raaee  Stock  List. 

(Qaoutlou  br  K-  B.  Bailbt,  broker,  (S  Wall  street.) 


64 


.THE   OHRONICLK. 


[Jnly  24,  1876. 


AMD 

STATE,  CITY  AND  CORPORATION  FINANCES. 

The  "  Investors' Supplement"  is  publituhed  regularly  on  the  last 
Saturday  of  each  month,  and  furnished  to  all  regular  subscriber  a 
of  the  Chboniclr. 

ANNUAL    REPORTS. 

Delaware  Lackawanna  &  Western  Railroad. 
(Return*  for  the  Year  ended  Dec.  31. 1874.) 
From  the  report  of  this  company  for  the  year  1874,  we  take  the 
following  figures  and  comparative  tables  : 

BAKM1S08   AND    BXPENSK8    OK  THB  MAIN  LINE   FOE  THE   YEAB. 


Expenses. 
For  maintenance  of  way. ..  $596,219  65 

For  rolling  stock 663,724  66 

Porfucl 211,258  67 

For  transportation 614,310  35 

Hlecellaneons 17,679  05 


Karningt. 

From  pasrengcrr $406,593  76 

From  freleht    4,689,861  73 

Prom  mairand  express. . .       43,758  00 

Fromiise  of  cars 261,749  83 

Miscellaneous 5,762  69 

Total $5,847,'; 85  51 1        Total $2,103,093  23 

Balance— Net     earnings,     $3,244,633  23.      Payments— Taxes, 

$103,051  89 ;    dividends  (10  per  cent.),  $2,937.500 ;   interest  on 

lunded  debt,  $559,787  37— total  payments,  $3,690,939  36.    Tliere 

was  also   paid  the  sum  of  $406,733  30  on  construction ;  and  re- 
ceived, from  sale  of  bonds,  $251,783  50. 

Freight  and  coal  moved — through,  53,891  ;  and  local,  3,597,872 

— total,  3,653,763  toni.     In  the  freight  are  included  3,112,221  tons 

of  anthracite  and  8,073  tons  of  bituminous  coal.    In  the  previous 

year  there  Wfre  moved  4,448,739  tons  of   freight,  of  which  3,800, 

643  tons  were  iMal. 
The  gross  earnings,  operating  expenses  and  net  earnings  of  the 

main  line  for  nine  years  have  been  as  follows : 

Fiscal  Groes 

Years.  Earnings. 

1868 $2,738,496  20 

1867 2,613,978  63 

1868 3,743,107  00 

1869 8,417,324  31 

1870 4,106,231  67 

1871 3.351.48136 

1878 4,746,677  70 

1873 6,248,465  33 

1874 5,347,725  51 

BARNINOS  AND  EXPENSES  ON  THE 
Gross 
Divisions.  Earnings. 

Main    line  (including  Warren 

RK.  and  Bloomsbure  Br'ch).  $5,853,691  72 
Morris  &   Essex  (Includinc  N. 

&B.  UK.  andC.  RK.) 3,946,161  52 

OswctfO  &  byracuse 397,74 1  13 

Utica  &  Clicnango  (including 

Valley  &  Green  lill.) 471,218  94 

Cayuga&  Susquelianua 106,01.4  57 

Syracuse  Binghamtun  &  New 
YoraRR 702,4J6  57 


Operating 

Expenses. 

$2,023,672  64 

2,712,662  06 

Net 
Earnings. 
$714,623  66 

1,918,459  15 
1,632,318  81 
2,565,519  76 
1,670,848  80 
1,878,713  47 
8,748,163  46 
8,103,092  23 

1,794,647  86 
785,006  50 
1,540.710  91 
1,680,635  56 
2,867,664  23 
3.500,302  87 
3,244,633  23 

SEVERAL  DIVISIONS. 

Grose 
Expenses. 

Net 
Earnings. 

$8,378,152  63 

$3,475,639  04 

2.741,273  06 
308,633  to 

1,204,888  46 
89,110  63 

391,919  43 
124,105  05 

78,209  51 
*J8,091  48 

475,133  38 

227,323  19 

Total $11,477,886  45        $6,419,817  20        $5,075,160  73 

Deduct  advances  to  leased  lines 1,586,060  43 

Net  profits  for  1874...  $8,439,100  81 


»  Deficit. 


CONDENSED  BALANCE   SHEET,  DEC.  31,   1874. 


Construction  account. . . 

Coal  on  hand 

Cas-li  on  hand 

Bills  receivable 

Materials  on  hand  ..    .. 
Advances  to  leased  r'ds 

Stockand  bonds 6,9IS,8;J8  75 

Accounts  receivable 8,481,216  84 


$27,688,722  23  I  Capital  stock $2.3,500,000  00 

1,383,481  04  I  Bonded  debt 8,151.200  00 

415,836  30  I  Bills  payable 676,181  74 

429,895  17  I  Accounts  payable 4,'S03,C65  83 

1,2.33,080  65  I  Notes  discounted 314,134  52 

1,536,060  42  |  Surplus 4,186,959  21 


ToUl $41,016,531  30  I         Total. 

Abstract  of  General  Account  of  D.  L.  & 


$41,0!6,581  30 

W.  for  ten  years : 

Cost  of  Road 


Close 

Liabilities. 

, 

and 

of  Years. 

Slock. 

Bonds. 

Debts. 

Total. 

Equipment. 

i«i;4-f.5 

.  $10,247,050 

$3,391,t00 

$742,  sa5 

$14,481,1.35 

$11,760,395 

186.5-«6.... 

.     11.581,600 

3,8:o,.'>00 

717,2n 

1.5,376,321 

12,1S0..S31 

l!*>-67 

.     13,386,0J0 

3,308,000 

708,205 

17,402,2i5 

13,(04  985 

1867-68... 

.     14,1I'0,OOJ 

?,68i,000 

l,0iS,161 

18.791  161 

14,064,884 

J8t8-«9.... 

.    n,;oo,ioo 

3,308,000 

2,19J,000 

19,598.000 

14,671,491 

1869-70.... 

.     18,8aS,850 

3,308.000 

2,6511,0(jO 

24,7fi6.B50 

18,616,936 

1871 

.     ]8,85S.«.'>0 

2,744,000 

4,319,917 
4,W3!»,644 
4,601,769 

25.922.767 

19,897,394 

18;2 

20.000.000 

6,394.000 
6,872,2110 

29  6.33,614 

21,252  218 

1873. 

.     21..'.00.0U0 

35,775,769 

27,081,303 

1874 

83  000,000 

8,151,200 

4,884,237 

36,533,237 

27,588,723 

The  New  York  State  Canals. 

{.Extract!  from  the  Report  of  the  Slate  Engineer  and  Surveyor  for 
the  year  ending  September  30,  1874.) 

The  expenditures  on  account  of  the  Engineer  Department  for 
the  fiscal  year  have  been  $104,199  33. 

The  following  shows  the  amount  of  work  done  under  the 
supervision  of  the  Engineer  department  during  the  fiscal  year  : 

Eastern  division $575,629  89 

Middle  division 283,600  67 

Western  division 477,022  67 

Total...  $1,336,168  23 

The  total  cost  of  engineering  has  been  about  7*8  per  cent  of  the 
cost  of  the  work  done. 

WORK  UNDER  CONTRACT. 

Statement  showing  the  total  amount  of  work  done  during  the 
fiscal  year  ending  September  30,  1874  ;  also  the  amount  of  work 
remaining  to  be  done  on  all  existing  contracts  upon  the  New 
York  Stale  canals,  under  supervision  of  the  Engineer  Depart- 
ment : 

Amount  done 
during  the 
Name  of  Canal.  fiscal  year. 

Erie $86!,5I1  60 

Champlain 262,115  92 


Stock. 

Bonds.  Float 

gdebt. 

$23,500,000 

$8,151,200 

$< 

884,836 

1.160,400 

174,000 

8,78:1.700 

263,733 

300,000 

170,000 

24,914 

750,000 

43  621 

1,800,000 

1,261,400 

40,820 

16,000,000 

14,873,000 

498,056 

36,697 

100,000 

79,565 

ia3,850 

7,278 

589,100 

2,004,000 

1,670,000 

127,5i9 

Oswego.. 

Chenango 

Chemun;; 

Cayuga  and  Seneca 

Genesee  Valley 

Oneida  Lake  

Chenango  Canal  extension. 


40,884  12 

36.370  29 

426  05 

39,630  00 

6,973  82 


Amount  re- 
maining to 
be  done. 
$322,211  40 
22,100  00 
16,830  00 
2,074  CO 
1,560  00 
26,040  00 


84,420  00 
401,974  48 


Year.  Amount. 

1869 $307,300  66 

1870 «!)5,623  52 

18T1 73.1,402  85 

1872 640,913  52 

1873 %7,175  39 

1874 961,161  67 


The  above  figures  include  the  cost  of  coal-lands  and  improve- 
ments, together  with  real  estate  and  other  permanent  property 
owned  at  various  places  for  the  transaction  of  legitimate  business. 

The  D.  L.  and  W.  Company  owns  or  leases  all  the  lines  operated 
by  them  except  the  Syracuse  Biiighamton  and  New  York  Rail- 
road. Their  general  balance  sheet  made  up  for  Dec.  31,  1874, 
cmbractd  the  liabilities  and  property  of  all  the  companies  named, 
as  follows: 

rilOPKRTT,  STOCKS  AKD  LIABILITIES. 

Companies.  Coustrnct'on. 

Del,  Lackawunna  &  West $27,588,722 

Oswego  it  Syracuse...         ..      1,518,670 
Utlca  Chenango  Ik  Snsq.  V..      4,047,433 

Greene 394,914 

Valley 793,621 

Warren ..      1,302,820 

Morris  &  Essex 80,371,036 

Chester 216,161 

Newark  &  Bioomfleld 111,128 

Cayuga  *  Susquehanna 1,181,012 

Syracuse  Bingharn'o  S,  N.  Y,     4,044,029 

Total $71,564,969     $48,917,647   $26,399,600     t6,96»,144 


Totals $1,240,400  39  $825,759  85 

The   above  does   not   include  sundry  items   of  work   done  by 

superintendents,  under   the  supervision  of  this  department,  and 

reported  in  detail  by  the  Division  Engineers. 

Statement  of  expenditures  for  extraordinary   repairs  upon   the 

Erie  <  !anal,  from  1863  to  1874,  both  inclusive  : 

Year.  Amount. 

1863 $36,797  63 

1864... 334,113  0(i 

1S65 2:14,646  17 

1886 206,061  22 

1867 118,477  06 

1868  158,468  75 

Total '. $5,:iS6,161  56 

The  tonnage  of  the  New  York  State  canals,  during  the  seven 
months  of  navigation,  exceeded  the  aggregate  tonnase  of  all  the 
railroads  in  the  State  for  the  years  1800,  1861,  1863  and  1863; 
and  upon  the  avera)!;e  equalled  that  of  the  railroads  from  1860  up 
to  and  including  1868  ;  after  wliich  the  tonnage  of  tho  railroads 
rapidly  increased,  until,  in  1873,  it  was  more  than  four  times  as 
great  as  that  of  the  canals.  The  total  tonnage  movement  in  the 
State,  as  above,  upon  canals  and  railroads,  from  1860  to  1873, 
both  inclusive  (fourteen  years),  was  37,096,47'i,S46,  of  which  the 
canals  performed  about  35^  per  cent  of  the  whole. 

The  cost  of  these  canals  and  railroads,  including  equipment,  is 
as  follows  : 
New  York  State  Canals,  ae  per  Auditor's  report,  1873,  $73,440,894  ; 

damages,  $2,501,349;    extraordinary  repairs  or  improvements, 

$6,l>72,752;  equipment,  $19,200,000  ;  sum  total,  canals $100,717,995 

New  York  Central  &  Hudson  River  and  Erie  Railway,  1S73 189,645,046 

All  the  remaining  steam  railroads  In  the  State,  1873 316,204,995 

Total  cost  of  steam  railroads  and  canals $606,568,036 

Total  cost  and  equipment  of  roads  operated  by  horse  power,  1873.      34,837,028 

Total  investment  in  the  State  canals  and  railroads $641,405,064 

V\'hich  is  equal  to  about  30  per  cent  of  the  gross  taxable 
properly  of  the  State. 

TONNAGE  DELIVERED   AT    TIDE-WATER. 
From  Erie 
Years.  Canal. 

1860 2,276,061 

1861 2,449.609 

1862 •....  2,917,094 

1863 2,647,669 

;864    2,146,634 

1865 2,078,361 

1866 2,52:1,664 

1867 2226,112 

1868 2,378,572 

18S9  2,2.57,689 

1870 3,290,698 

1^71 2,648,877 

IRia"    ■  2,670,405 

1873;;;; 2,58-5,355 

1874 ^— ^ 

Totals 34,096,820  10,300,026  44,:496,846 

CAPACITY   OF  THE  ERIE   CANAL. 

The  capacity  is  measured  by  the  number  of  lockages  that  can 
be  made  in  any  given  time.  The  average  time  c.iusumed  at  each 
lock  during  the  season  of  1874  by  the  Baxter  steamboat  was  five 
minutes.  This  would  give  288  lockages  each  way  every  24  bours 
or  for  the  season  (310  days),  60,430  lockages  each  way,  which,  at 
200  tons  (minimum)  each,  gives  a  tonnage  capacity  each  way  of 
12,096,000  tons.  This  may  be  considered  its  maximum  capacity. 
Ten  minutes  at  each  lock,  with  same  cargo,  makes  its  tonnage 
capacity  each  way  for  the  season  6,048,000  tons,  which  may  be 
taken  as  its  minimum  capacity. 

The  tonnage  arriving  at  tide-water  by  way  of  the  Erie  Canal 
has  been  as  follows  : 

Inl83',  from  Western  States ,^?'^5? 

In  1837,  from  thU  State ■      3^1,851 

377,506 


From  Cham- 

Total  at 

plain  Canal. 

tide- water. 

578,816 

8,8.54,877 

630.6.35 

2,980,144 

48.5,615 

3,402,7l'9 

637,038 

3.274,737 

058,623 

2,806,257 

651,820 

2,730,181 

781,913 

3,305,607 

S03,58:i 

8,029,695 

862.334 

3,240.8116 

8.18,453 

3.09.i.l42 

865,6;14 

3,156,;4»2 

846,9.9 

3,495.806 

M77,5.S9 

.1,647,941 

791,294 

3,:176,649 

Total. 


In  1816,  from  Western  States fSS'HS 

In  1846,  from  this  suite •     600.663 

Total 1,107,493 


July  21,  187  5. J 


THE   CHRONICLE 


85 


IiilMi.fK>mWMlcnBMai S.SM,8n 

la  Mtt.  tnuB  thla  State j.... ««.<« 


l,»n,C94 

la  IKS.  ft«a  WMura  SUM* *>'*!-!*S 

iBian,ft«aiUi8ma ~ sMn 


ToUl l;»8wJS9 

BBCKIFTB  FHOlf  TOLLS. 
The  total  amoDnt  of  tolls  ree«ired,  collected  on  and  applicable 
to  the  Erie  canal,  from  183S  to  1878,  iocliisiTe.  was  $109,aM,389  : 
of    thia  amoant  $14,604,631   waa  oonlribatad  fioia  the  lateral 
caaal*. 

KAnmXABCB  OV  tut  KRIB  CAXAL 

tar  erilaarr  nmMn.  eaUactioaa,  Ac,  fraa 

■rte  m*  Chmmftitm  camla tM.U*,tM 

for  nma  period  for  CkanpUla > 4,mk(n 


TbaloM 

ttHlBll 


LaSTtac  •npla*  enr  coat  o<  oialateiiaaae.. 
A»4eT«rco«nfUM— till. Una  ana  r-'-' 


|M.oga.as9 

Macau 

4Mn.»« 

OEAisi  FimoHTs  ornt  tkb  ekik  raoit  okicaoo. 
The   following   table  ahows   the   areraK*   rates   of  freight  for 
grain  per  bnabelfrom  Chicago  to  New  York  for  the  past  ihUteen 
year*: 

fiBiao  TO  aaw  towc,  tia  bottaux 

nigbat  Bl«kwt        ATe>H« 

XoBbar  lau,  Chteacs  iat»,^B*lo    tkroack 


T«an. 
MM... 


MH 

taM. 


of  dMjt       to  BoAla^ 


iai7.. 

lan.. 
me.. 

laa.. 

Mr«.. 


!^ 

w 
w 

w 
w 
w 

M 
M 
11 
II 
II 
II 


M 

n 

It 

m 
» 

M 
M 
tt 

n 


to  N«w  Ynck.     late  of 
erat*.     fr'ihl,  et>. 

at  tth 

tt  Mk( 

a  »n 

M  MM 

a  MX 

*4  a 

n  a 

M  n 

n  ttit 

n  Uii 

U  It 

a  i» 


Th*  fellowtaf  abowa  the  rate*  oa  wheat  and  eora  for  aaeh  mooth, 
lor  the  aaaaooa  of  197S  aad  1874 : 


A*<ra«at»>rttaa«aaB.  II    ST         10   II         WOT  OO; 

TkaaboT*  laelodaa  caaal  toUa  from  Bafttlo  to  Troy.aa  follow*: 
oa  wheat  per  boah,  le.  aad  la.;  on  eora,  le. 


OEITCRAL  mVESTMBWr    NEWS. 


AtlaaU  *  Blefc— 4  Air Uae^Mr.  JuIIup  M.  I'tf«a.  Special 
Mmtuct  appolalfd  by  tka  Ualtad  8'at>«  Cireaii  C.iurt  lorXorthera 
Oaonria,  fflv«  aoU«*  tkat  lor  tka  purpoar  of  Uhtrg  taatlmoo/  a* 
to  the  boada  aad  other  dehta  of  the  oMnpaajr,  aa  dIrMtad  by  the 
otdar  ol  th*  Goait  km  will  alt  la  New  Yorit.  at  the  Plfth  Araaa* 
Bolai,  Jaljr  M.  All  holder*  of  hoa<l«  or  olhar  claliaa  ara  rMjaliad 
to  yrwiat  thair  dataa  with  arldMcv. 


Bam  A  flariaar.— A  apwOal  aaallac  of  atnckholdaa* 
waa  hold  ia  Wataaaier.  Jalf  IC  The  meat  lag  waa  aalled  for  Ika 
«f  MNlairlf  the  slockkotdera  w<o«M  aathorlaa  a  farther 
•t  boadai  It  waa  rotad  to  laaue,  la  addttlaa  to  the  boada 
Of  aathoriaad  l«  be  iaaaad  to  the  amooot  of 
la  tka  aoioaat  of  laOOjIW  for  the  parpoee  of 
f aadlac  th«  ladafeladawa  laeanad  to  tha  loaatiea  ol  tha  road  from 
Barbara  Cwiataa  to  tha  aav  Dah>e  Depot. 

Braakljra  Ctty  Baa4fc  Mayor  HoalaraadOtatrollar  Powell 
latelr  opmHK)  the  Siteea  hW*  fcr  the  ••  BmWya  Qtf  kead*  for 
tha  eumplatioa  of  th*  New  Tork  Bride*."  fMOJHM  a<  whl«b  Ua<t 


baaa  adTartiaad  (ov  aal*  Th*  hood*  are  da*  la  IMS  aad  IMH,  aad 
haar  •*«••  par  aaat  loiaraat.  The  toul  aaeaat  oT  tba  bida  waa 
$$jmjm,  aad  tha  prioM  raaffw!  from  101  to  108  M. 

BvHagtM  CMar  BuMs  ft  Blaaoaata.  A  Cedar  Rapidii 
dUpateh  •art  that  in  the  Ualt«d  8ut«*  Olatrle'.  Coait  of  Knokak, 
Iowa,  aflrr  MTeral  dtTV  haarlnf  in  the  caaa  of  the   Barlloiroo 


Cedar  RaptdsA  Mlanaaota  railroad,  Jiidg*  I»t*  appointed  Gvo 
Wlaalow  parmanaat  racalvar  ol  the  road  la  th*  latcreat  of  Taylor, 
Claw*.  Cblhoaa  aad    otban,  rtcrreeaUaf   th*    boadholdert,  aa 
•g«iaM  tha  reeaotly  eleelad  board  of  diraelon,  haaded  by  John  I. 
Blair. 

Ceatral  of  lawa.— A  drcolar  haa  roeaatlj  boaa  laaaod.  par 
porting  to  be  alcawl  bj  both  th»  New  Tork  and  Boatoa  eom- 
nitiree,  propoatag  the  followlag  tiuit  of  tettletuent  of  the  com- 
psnr't  dlOcaltlea^  tix.:  A  new  cmnpany  to  be  orgaoiied,  known 
aa  the  Ceatral  Iowa,  which  thall  uke  the  property,  tobject  to 
tba  praaaat  Brat  mortgage  of  |S  700.000.  The  eapiial  ttock  nhall 
b*  $8,000,000.  of  which  $807X100  thai!  b*  Ont  prvforred  7  per 
aaat  atoek.  aad  ahall  ba  istaad  far  tka  aapald  eoopooa  on  the 
*nl  aortgag*  boada:  $1,187,800  ibaU  b*  aaaoad  preferred  7  per 
aaat  Moak,  to  ba  azohaagod  for  the  aecoad  mortgage  boodn  and 
aaaaid  aoapoaa ;  tka  laialnlag  %3SKS0O  to  be  cuomon  ttock. 
ta  ba  sxakaagad  ior  tka  iaaUaf  debt,  dollar  for  dollar,  and  for 
fka  fn^iVl  fwntm  ||0«k,  mt  ikara  of  new  for  three  of  old. 


The  firat-mortgage  bondholdera  are  to  a^rree  to  take  the  net 
earnings  of  the  road  in  full  satitfaction  of  their  interest  claims  up 
to  1881,  full  interest  to  be  paid  thereafter.  Until  the  finnual 
meeting  of  1883 '.he  joint  committee  of  the  bondholders  to  have 
the  naming  of  all  the  directors,  and  a  sort  of  veto  on  all  their 
aett. 

In  answer  to  this,  a  circular  irtned  by  Mr.  A.  L.  Hatch,  of  the 
new  St.  Louis  Iowa  &  Minnesota  Railroad,  aated  July  6,  says: 

"Da^a  Sia ;  Mjr  attention  hu  this  day  t>ern  callpl  to  «  circaltr,  otteat'blj 
ioaed  bjr  the  '  New  Yorlc  John  Committee* '  and  '  Boston  Committee '  of  the 
bondliolderaof  the  Central  Bail  road  Company  o(  Iowa,  but  without  date.  Lett 
some  mI-tppr(hecalon  arbe  In  jroor  mind  aa  to  tlie  exact  atatna  of  aBklra,  allow 
ma  to  atale  tbit  the  Botlon  Commttee  turned  orer  their  tniat  acme  tunr 
waaka  ago  to  the  St.  Loala  Iowa  t,  Mtnneaota  Railroad  Compaay."  ^ 

The  following  were  elected  in  June  aa  directors  of  the  St.  Louis 
Iowa  &  Mionfesota  Company  (Central  Iowa  re-organized) :  Joseph 
Wrntwortli,  John  L.  Dod(;e,  Knius  P.  Kingman,  A.  L.  Hatch,  Qeo. 
J.  H.  Chedel).  ex-Uor.  E.  W.  Eastman,  A.  R.  Frothingham,  C.  E. 
Fuller.  J.  W.  Beats.  They  have  met  as  a  board  to  perfect  their  or- 
eanizatioo,  and  in  a  short  time  will  make  a  lull  report  to  all  in 
iatereat. 

Ckicago  A  Padocak.— Mr.  Ralph  Plamb,  President  of  thla 
company,  writes  under  date  of  July  10:  "The  writer  has  just 
ratamed  from  London  aft^r  having  sold  snfflcient  bonds  of  the 
Chicago  It  Paducah  Railroad  Company  to  meet  all  of  the  liabilities 
el  the  company  and  to  put  it  in  such  a  condition,  with  respect  to 
finances  lor  the  future,  aa  to  insure  the  tnccera  of  the  road.  The 
length  ol  o^mpleted  line  (reaching  from  Streater  lo  Altamont)  is 
ISO  miles,  and  at  the  latter  place  it  connects  with  the  Springfield 
A  Illinois  Southeitatrrn  (now  a  branch  of  the  Ohio  &  Mistlsoippi), 
thut  aecuriag  a  ftvorabU'  cuoneeiion  with  the  Baltimore  &  Ohio 

Sit«m  at  the  South.    Tiie  eonnacUon  with  Chicago  is  over  the 
leago  Burlington  <fc  Quincy." 

Colarada  Oatral  Bailroad.— Notice  ia  given  that  a  special 
maetlag  of  atoekholdeta  at  ilie  lequast  in  writingof  the  holderaof 
one-fifth  part  ol  the  capital  stock  of  said  company,  will  be  held 
at  the  nfSce  of  the  company,  at  Golden,  Colorado,  on  Thursday, 
Aagoat  18,  at  ft  n'rlock,  A.  .M. 

Tkooi^aet  of  toch  minting  is  to  determine  whether  or  not  an 
agii  aaiaut  to  cootolidate  tlie  ttock  and  property  of  said  corpora- 
tloa  with  the  stock  aad  property  of  the  Kanaat  Pacific  railroad 
company  thall  be  made  and  executed  by  thia  comiiany. 

ladlaaa  Daht— Wakash  ft  Erip  Canal.— In  the  Circuit  Court 
at  the  United  StatM.  Dttirict  of  Indiana,  in  the  suit  of  Jonathan 
K.  Gapen  vt.  The  Board  it  1'meteea  of  the  Wabaah  ft  Brie  Canal, 
a  decitlon  haa  just  been  mtde  by  Jnaticea  Orummond  and  Daiia, 
aad  tha  following  order  made  : 

"  It  la  ordered   and   decreed   that   the   holders  of  the  dlfia'cnt 
atoe^a  apadfled  in  the  aaid  bill  of  complaint  aie  ea'Jtled  to  have 
the  laid  trost  property  iippropriated  to  their  beaaflt  In  aooordaaea 
with  thair  teveral   rightful   nrioritiea  aa  thev  mav  hereafter  be 
determined  by  the  coart ;  and  the  court  farther   Bod  and  decree 
that  the  taid  trust  property  is  aabject  to   deterioration   and  waata 
in  its  pref  nt  o»ndlii>>o.  and  for  that  reason  the  taid  trust  ahould 
he  aa  ipaedllr  at  practical  woand   up   for   the  benaflt   ul  all  cun- 
earaad.     And  for  that  end   It   it  ordered,  idjudgoa  and   d»cre«d 
that  Ckarit*  Butler.  Thoina*  Dowliog  and  Jamea  8.  Ilint-in.  who 
aow  aoaspoaa  the  board  of  truateee  of  the  Wabash  ft  Krie  Canal, 
bo  sad  tkey  are  hereby  appoiniei  truatees  to  hold  and  admioitter 
tha  laid  traat  property  now  in  their   handt   under   the  order  and 
dinclloa  of  tlie  eonrt  from  time  to  time,  and  to  make  such  dlspo- 
alllon  of  the  said  troal  property  in  the  till  deacribed,  aad  it>  tolls, 
laooa*  aad  pr'Oeeda.  aa  tuey  may   be  directed   to  make  by  the 
enan  hereafter.     And  It  it  farther  decreed  by  the  ranrt  that   the 
Uoa.  Samuel  B.  Oookiat  be  and  is  hereby  appointed  special   mas- 
ter lo  lake  the  accnaato  of  said  trniteea.  and  to  take  proola  under 
tueb  regnlationt  and  eotlre  aa  he  may  de«ra  best,  nf  the  amouota 
of  all  tiockt nuta'tadlnic.  anl  included  in  the  tru't  set  out  in  the 
bill,  and  the  tamra  ol  the  aernral  holdert  thereof ,  and  the  amount 
held  by  each,  and  the  cU'a  thereof,  and   alto   to  itate    fully   and 
preHiely  the   amount   nf  racU   elaaaol    ttock  and    the    prioritlea 
of  each  and  everr  of  tuc'i  ilasaea  of  stick  up'>n  the  said  canal,  or 
Income,  or   laii'ls,  or  el:lier  or  any   of  tbetn,  and    having  taken 
tuch  aecoiDi,  hr  shall   re|>ort  the  tame   unto  thia  court  for  the 
purpoaa  of  finally  aettlinfr  the  difTcrrnt  equitlei  of  all  and  singular 
the    terip-holden  n|ioa   aaid    trutt   prop<*rty.     And  the   trustees 
hereby  appointed   are  diret-ted.  under  the   orders  of  the  special 
maater^tojuke  oat  and  report  to  such  tpedal  matter  as  speedily 
aa  pVdfTlSMa  aa  inveatory  of  all  and  ulnitular  the  asMeis  ol  ertry 
kind  In   tkair  poMsathM,  or  umlcr  their  ontml.  iK-lonuiug  lo  said 
trutt.  and  If  In  their  Jadgment  any  of  the   property  now  in    their 
catUxiy  ought  to  be  tpee'lily  told.  It  shall  be  their  do'y  to  report 
tuch  fact  lo  the  court,  togi-tlier  with  the  recommendation  of  such 
special  maatcr  at  to  the  expediency  of  socb  imme<liate  sale,  for 
tuch  action  at  the  court  may  upon  proper  application,  order  and 
decree.     And  the  said  truaiexa  hereby  appointe<l   are  directed   to 
maintain  the  property  and  the  income  of  the  same  aa  it  may  from 
time  to  li'ue  accrue,  under  the  tole  direction  ol  thit  court  herein, 
and  am  directed  and  required  lo  make  no  payments  out  of  any 
trust  funds  lo  their  hands  except  for  the  purpose  of  dltchar^'iog 
the  mm  aiarj  and  proper  operating  espenies  by  them  incurreti  in 
manaffing  each  truat  property,  and  in  discliarging  thit  trutt,  an- 
leas  such  payments  are  hereafter  specially  orderwl  to  be  made  by 
the  order  herein. 

"  And  the  trustees  are  h-rehy  required  to  report  to  said  special 
master  and  this  court  from  time  to  time  their  receipts  and  dii- 
buneroents  in  and  about  the  ditcharge  of  their  trust  herein. 
And  the  truateee  and  said  special  matter  are  hereby  directed  to 
make  tpecdy  and  full  examination  and  report  to  thii  coart  with 
all  oonvaniant  speed  aa  to  the  liest  metho  I  of  finally  closing  the 
said  truti  Md  tba  beet  oaaiier  of  disposing  of  said   trust 


86 


THE  CHRONICLE 


[July  24, 1875. 


property,  bo  as  to  prodace  the  Iar(;reet  available  sum  for  the 
benefit  of  all  the  eettui  qui  trust,  and  all  other  equities  are  hereby 
reserved  tor  the  further  orders  of  the  court. 

David  Davis, 
Thomas  Drummond. 

LonlsTille  Nev  Albany  &  St.  Lonis.— At  a  meeting  uf  the 
directors  recently,  it  was  resolved  to  oppose  tlie  foreclosure  pro- 
ceediogs,  but  to  ofier  no  resistance  to  the  appoiutment  of  a  receiver, 
or  to  any  action  of  the  lx>ndliolderB  looking  towards  the  completion 
o(  tho  roaJ. 

Missouri  Kansas  &  Texas.— The  Railroad  Oaeette  says :  Our 
Amsterdam  corrcspondunt  writes,  under  date  of  June  27: 
%  "  The  ini)8t  important  fact  of  tlie  week  was  the  advertisement 
of  the  committee  of  the  Missouri  Kansas  &  Texas  railway  company 
that  a  meetin^r  will  be  held,  July  36,  for  considering  the  pro- 
posals for  an  af^reement  to  obviate  a  foreclosure.  The  proposals 
are  not  yet  published  by  the  committee,  but  I  can  tell  you  what 
the  principal  conditions  are.  The  hypothecated  Boonville  Bridge 
and  Fort  Smith  bonds  to  be  accepted  by  the  bondholders  in  pay- 
ment of  their  dues.  Thus  the  first  mort^jage  bonds  will  be 
increased  by  this  amount,  and  the  floating  debt  diminished  in 
proportion  to  the  price  at  which  they  are  accepted  in  payment. 
For  the  balance,  income  bonds  will  be  given  to  the  floating  debt 
creditors.  The  wndilions  of  the  management  will  be  embraced 
in  the  second  mortgage  instrument.  The  first  mortgage  bonds 
(the  committee  means  the  Missouri  Kansas  &  Texas  bonds,  though 
they  are  a  subordinate  lien  so  far  as  there  are  outstanding  bonds  of 
the  Union  Pacific  Southern  Branch),  will  have  their  coupons,  due 
in  1S74  and  1873,  paid  in  second  mortgage  income  bonds,  bearing 
6  per  cent  currency  interest,  after  the  payment  of  the  first  mort- 
gage coupons,  or  such  smaller  interest  as  the  surplus  will  be 
sufficient  to  make  up  ;  from  1876  to  1878  the  company  promises  4 
per  cent  gold,  and  3  per  cent  in  these  income  bond-s ;  from  187S  to 
1881,  5  per  cent  gold,  and  2  per  cent  income  bonds  ;  in  1882,  and 
thereafter,  full  gold  interest.  Three-fourths  of  both  the  Union 
Pacific  Southern  Branch  and  the  Missouri  Kansas  &  Texas  loans 
were  sold  here,  and  nearly  all  the  former,  so  we  have  the  right  to 
look  sharp  and  make  our  own  conditions.  The  company  failed  to 
carry  out  the  former  arrangement,  and  now,  when  the  earnings 
are  decreasing,  the  company  promises  more.  ■*  *  *  What  we 
want  is  Holland  trustees,  Holland  directors,  or  since  the  Ameri- 
cans oppose  this  as  long  as  possible,  a  Hollander  as  agent  or 
commissioner,  appointed  and  paid  by  the  Holland  bondholdors, 
and  not  removable  by  the  company." 

Mew  Jersey  Midland.— The  plan  of  reorganization  recently 
proposed  provided  for  the  formation  of  a  new  company  which 
shall  issue  securities  as  follows  : 

1.  First  mortgage  bonds  to  the  amount  of  $800,000,  to  be  used 
to  pay  off  arrears  of  wages  and  loans ;  to  pay  rentals  due  and  re- 
ceiver's certificates  ;  to  buy  new  equipment  aud  to  complete  the 
road  to  the  Hudson  River. 

2.  Genera!  mortgage  bonds  to  the  amount  of  $4,500,000,  of 
which  $.3,700,000  sliall  be  exchanged  for  the  present  first  mort- 
gage bonds  and  unpaid  coupons,  and  $800,000  to  exchange  here- 
after for  the  first  mortgage  bonds  provided  for  in  Section  1.  The 
company  to  have  the  option  for  five  years  of  paying  interest  in 
scrip,  convertible  into  10-year  income  bonds. 

3.  First  preferred  7  per  cent,  stock  to  be  exchanged  for  the 
second  mortgage  bonds  and  unpaid  coupons. 

4.  Second  preferred  7  per  cent,  stock  to  be  exchanged  for  the 
consolidated  bonds  and  unpaid  coupons. 

5.  Common  stock  (not  to  exceed  $1,400,000)  to  be  exchanged 
for  the  present  stock. 

6.  Holders  of  mortgage  bonds  to  have  one  vote  for  each  $100 
until  interest  has  been  paid  in  cash  for  three  years. 

7.  Parlies  receiving  new  stock  to  pay  an  assessment  of  $2  per 
$1,0(X),  *o  meet  expenses  of  reorganization. 

Objections  have  been  urged  against  this  plan,  and  some  of  the 
first  mortgage  bondholders,  at  a  meeting  last  week,  directed  their 
chairman  to  appoint  a  committee  to  prepare  a  plan  for  foreclosure 
and  reorganization.  Mr.  Ely  announces  the  following  crenttemen 
as  such  committee :  D.  B.  Halstead,  President  New  York  Rx- 
change  Bank  ;  F.  Leland,  President  New  York  County  Bank ;  J. 
Wyman  Jones,  President  Bondholders'  Association;  John  J. 
Brown,  President  First  National  Bank,  Paterson  ;  E.  S.  Francis, 
Cashier  Pittsfield  Bank,  and  S.  E.  Olmstead,  Norwalk,  Conn. 

New  Orleans  City  Finances.— lu  regard  to  the  despatch  pub- 
lished in  The  (JitiioNiCLE  last  week,  stHting  that  one  half  of 
coupons  over-due  would  now  be  paid,  the  following  gives  a  more 
extended  account  of  the  figures  submitted  to  the  City  Council 
and  of  the  resolution  adopted  : 

The  Administrator  of  Public  Accounts  submitted  a  lengthy 
report,  from  which  the  following  is  taken  : 

BALANCE  SHEET  Of  BLDOET  LECGKK  FOB  OURKKNT  CITT  EXPKNDITUBES 
IN0LU8IVB  or  .lUNB,  1875  (LESS  $14,96*  93  NOT  APPBOPBIATED,  OWING  TO 
BUDOET  APPROPHIATIONB  BEING   EXIIAUBTED). 

Total  budget  approprlatiouB $1,336,566  00 

rolal  approDriations  as  per  ordinance TC?,!?-!  B7 

Balance        ... $56M3l's3 

Less  Jane  bills  as  above 14  968  93 

True  balance "$M.'M99lo 

Comparative  statement  of  floating  debt  on  December  31.  1874 
and  June  30,  1875: 

JuneSO,  1875 -lilSB.SIO  49 

Reduction $792,716  49 

Comparative  statement  of  bo.ided  debt  on  December  31,  1874, 
and  June  30,  1875  : 

Decembers!   1874 $22,812,179  89 

JuneSO,  1875 22.198,680  00 

BedacUon $618,599  89 


Comparative  statement  of  city  taxes  collected  for  the  first  six 

months  of  each  year: 

ISJ "  $S,084,91W28 

1875 2,aB8.S88  96 

Excess  of  collections  In  1875 $341,241  68 

BSCAPITDLATION. 

Redaction  of  bonded  and  certified  debt $618,699  89 

Reduction  of  floating  debt 792,715  49 

Total  redaction  of  debt $1,411,316  38 

Comparative  statement  of  current  City  expenditures  for  the 
first  six  months  of  the  years  1874  and  1875 :  Total  expenditures 
for  1874,  $1,073,495  37  ;  total  expenditures  for  1875,  $752,134  77  ; 
decrease  of  expenditures  in  1875,  $321,360  60. 

The  Committee  of  the  Whole  reported  that  the  contract  for  the 
re-building  of  the  Villere  street  bridge  was  let  to  Mr.  Dupasg  for 
the  sum  of  $238. 

The  following  was  submitted  : 

The  Committee  of  the  Whole  submit  the  following  ordinance  : 

Be  it  ordained,  That  the  Commissioners  of  the  Consolidated 
Debt  be  and  are  hereby  authorized  to  pay,  witliin  a  delay  not  ex- 
ceeding ten  days,  fifty  per  cent,  of  the  following  past  dije  interest 
coupons,  and  that  such  pro  rata  payments  be  continued  out  of  all 
interest  collections  up  to  January,  1876,  provided  that  the  holders 
of  such  coupons  shall  indicate  their  acceptance  of  this  arrange- 
ment by  their  respective  signatures  at  the  time  of  payment.  The 
said  coupons  shall  be  stamped  thus:  "  Half  paid." 

Consolidated  1852,  due  July,  1875. 

Railroad  up  to  July,  1875. 

Pontchartrain  Railroad,  due  July,  1875. 

Street  improvements,  due  Februiry,  1875. 

Water  Works,  due  July,  1875. 

Seven  per  cent. -currency,  1869,  due  March,  1875. 

Seven  per  cent,  currency,  1870,  due  June,  1875. 

Consolidated  gold,  general  series,  due  January,  1875. 

Carrollton,  due  November,  1874. 

The  report  and  the  ordinance  were  both  adopted  unanimously. 

The  Picayune  says  of  this :  "  The  proposition  that  the  present 
city  administration  has  reduced  the  bonded  debt  of  the  city 
$618,599,  means,  strictly  interpreted,  that  the  revenues  of  the 
wharves  for  five  years  have  been  exchanged  for  that  sum.  The 
average  yearly  income  from  the  wharves  may  safely  be  estimated 
at  $275,000.  For  five  years  it  would  agrgregate  $1,375,000.  City 
Surveyor  Hardee  has  shown  that  $100,000  only  w^re  required  to 
complete  the  repairs  of  the  wharves  ;  but  suppose  we  double  that 
amount,  in  order  to  be  quite  sure.  Then,  with  allowance  of  ten 
per  cent,  for  the  expense  of  collecting  the  revenues,  which  is  just 
twice  as  much  as  it  ought  to  cost,  we  have  the  following  exhibit : 

Five  years'  revenues $1,375,000 

Less  coat  of  completing  repairs $200,000 

Cost  of  collecting  revenue  five  years 137,500—       337,500 

Total $1,087,600 

"So  tho  city  trades  off  available  assets  to  the  amount  of  $1,087,  - 
SCO  to  take  up  a  debt  of  $618,599.  *  »  »  If  the  rest  of  the 
retrenchment  displayed  on  paper  at  the  last  meeting  of  the 
Council  were  of  a  kind  with  this  $618,599  diminution  of  the 
bonded  debt,  the  public  might  have  reason  to  pray  for  protection 
against  further  economy.  We  do  not,  however,  pretend  that 
such'isthe  case.  There  has  been  undoubtedly  a  saving  in  the  cur- 
rent expenses  and  some  contraction  of  the  floating  indebtedness." 
New  York  City  Yalnation  and  Tax  Rate.— The  Board  of 
Supervisors  met  this  week  for  the  purpose  of  fixing  the  rate  of 
taxation  for  the  ensuing  year.  The  Committee  on  Finance  made 
a  report  from  which  we  extract : 

The  assessed  value  of  real  estate  was,  in  1874,  $881,547,995  ;  in 
1875,  $383,643,545.  The  assessed  value  of  personal  estate  was,  in 
1874,  $272,481,181;  in  1875,  $217,300,154— in  other  words,  the 
assessments  on  real  estate  are  $2,095,550  higher,  and  the  assess- 
ments on  personal  estate  $55,181,027  lower  in  1875  than  in  the 
preceding  year,  making  the  total  valuation  for  1875  $1,100,993,699, 
against  $1,154,029,176  in  1874.  The  falling  off  in  valuation  to  the 
amount  given  was  caused  by  purging  the  rolls  of  all  assessments 
which  were  found  by  the  Commissioners  of  Taxes  and  Assessments 
uncollected,  and  to  all  appearances,  uncollectible.  Thus  by  a 
recurrence  to  said  rolls,  it  will  be  fo«nd  that  in  1872  the  uncol- 
lected tax  was  $1,487,706  49,  representing  $51,283,523 ;  in  1873, 
$1,099,634  14,  representing  $43,985,360 ;  and  in  1874,  $1,041,560, 
representing  $37,198,557  of  the  total  assessed  value.  For  this 
assessed  value,  representing  the  uncollected  city  taxes,  the  City, 
during  the  last  ten  years,  from  1865  to  1874  inclusive,  has  had  to 
pay  to  the  State  in  taxes  $1,900,000.  This  unreasonable  burden 
caused  by  the  retention  on  the  rolls  of  unproductive  values,  the 
Tax  Commissioners  have  very  properly  wiped  out  to  an 
extent  warranted  by  past  experience.  An  additional  amount  of 
personal  property  heretofore  assessed  has  likewise  been  stricken 
from  the  roll,  in  consequence  of  judicial  decisions.  From  the  late 
report  of  the  Tax  Commissioners  the  specified  cases  can  be  learned. 
Owing  to  this  large  amount  of  uncollected  taxes  an  annual 
deficiency  has  been  caused,  for  which  provision  in  the  next  follow- 
ing tax  levy  had  to  be  made,  adding  in  that  proportion  to  the 
regular  annual  appropriation.  For  the  last  five  years  this 
deficiency  has  been  $1,000,000  or  more  per  annum,  all  of  which 
had  to  be  added  to  the  next  coming  estimate  of  expenditures,  save 
the  deducted  amount  of  unexpended  balances  from  the  preceding 
year.  The  amount  recommended  by  your  Committee  to  be  added  to 
the  appropriations  made  by  the  late  Board  of  Estimate  and  Appor- 
tionment, in  order  to  cover  forthcomins  deficiencies  in  collection 
of  $33,171,472  33,  is  $526,555  63,  making  the  total  amount  to  be 
levied  aud  collected  for  the  purposes  of  the  (!ity  government  dur- 
ing the  current  year  $33,698,037  86,  which  is  less  by  $438,588  53 
than  the  law  authorizes  you  to  raise  by  levying  on  the  real  and 
personal  property. 


July  2 1,  1875] 


THE  CHRONICLE. 


87 


Yo«r  eoaiBitiM  oa  doae  eT«inliMrtion,-h»Te  found  the  Uialta  of 
tk*  Ux  IBM  witbla  wbieh  it  MeAed  jodieioiu  to  more  to  be  from 
93  M  to  t^  96,  utd  they  dreided  to  recommend  to  70a  the  middle 
betwren  the  two  extremes,  oameljr:  $°397  u  aforeaaid.  If, owing 
lok  oonsldermble  fallinK  offio  the  amoant  of  ancolleeted  taxee 
•Bd  to  prMoaiaUe  unexpeaded  b»Unee«  of  appropriation*,  it 
■hoaU  be  MMrtalatd  ax  the  eloM  of  the  flaeal  year  that  tlie  fore- 
goiaK  tW,W6jM7  W  have  been  amply  MifflcieDt  to  meet  all 
iiiillaaij  leqaliemen!*  of  the  City  Oovemment,  and  tnat  the  cos- 
%omuf  defleieacy  baa  been  wiped  out,  a  gaidiog  rule  for  the 
fatare  ia  gained,  the  eooadeniioaa  application  of  which  most  be 
fbllowed  by  a  constant  leaaenin);  of  the  barden*  of  the  tax-payere. 
Tbe  ComiDltMa  iwcoanMad  the  adoption  of  thia,  their  report 

Sayaiflaur  Panoy  mnved  to  atlike  oat  the  part  lataaded  to 
eorer  Jatdaadaa,  ••  he  belloTed  it  to  be  anneoeaaarr.  Baperriaor 
Vanea  Mid  he  beUered  the  amoaot  aaked  for  woald  be  niniBMary 
to  eorar  daJdiadea.  He  had  mad*  a  close  calculation,  and  deeia- 
•d  it  daeModly  nniafe  to  make  no  extra  proTiaion  for  defldeneie*. 
A  vote  waa  had,  and  the  motion  to  strike  oat  the  sum  asked  fnr 
ilaleisadsa  waa  cairiad.  Haparriaor  Billings  then  morrd  to 
iMTit  tba  Rim  of  9MM.M8  8».  oMking  the  ux  rate  |3  M.  Tils 
waa  also  lost.  Baparrisor  Pnrray  aioTed  that  the  sum  of  $\9i\,- 
919  B  ba  laasrted.  This  was  carried.  The  tax  rate  wan  then 
flzsd  at  «S  94  |iar  f  lOOl 

BMkftri  Bi!0k  IsUad  k  $t  Lonl*.— A  motion  was  made  to 
eamalt  for  eonteippt  Samael  P.  Porter,  sheriff  and  ex  olBdo 
eellador  of  Rock  Island  eoaoty,  lor  dispoalag  of  certain  property 
batoagiag  to  the  road  after  it  had  paased  into  the  bands  of  a 
reedTer.  J  ana  99  last.  Porter  sold  for  Slate  and  county  taxes 
all  that  portion  of  the  road  lying  in  his  oeantT  to  E.  \V.  Smith, 
of  D«a  Mdaaa,  Iowa,  (or  the  amooat  of  taxes  due,  lieint:  $3,739  S8. 
Thi  Mad  waa  at  that  tine  la  the  hands  of  William  U.  Kerry,  the 
raedTer  appdated  by  Jtndge  Dmmmood.  After  eome  diarnadoa 
Jodge  DramiBoad  Mid  he  woaMMtaddetbesalenji  Inblsopiaion 
It  was  absolalely  rdd  ;  that  wbeo  a  reodTer  baring  pnssssdno  d 
the  property,  gare  aotlee  to  partlea  intertded  th^lh*  would  apply 
!•  tae  eoart  for  aa  injoaetloa  t>  restrain,  thsy  were  from  that  ttias 
la  eoart,  and  the  purebaaer  of  the  inop««ty  was  also  to  be  ooadJ- 
eied  la  eoart.  Jodge  Dramaoad  did  ao«  paaUk  lor  eoMampt,  b«t 
dadrtd  that  Mr.  Ponrr  icdsem  the  laad  adi  |4Me  It  aa  ke  foaad 
it  in  the  ban<l*  of  tb*  reeairsr. 

In  punnaoro  of  a  drcree  of  the  U.  8.  Gbaall  Oeort  eaterad  ta 
the  foreclosure  suit  of  the  ITnion  Trust  Co.  acdaat  this  road  00 
the  18th  day  of  July.  A.  D..  187S.  H«ory  W.  Bhkop.  Master  la 
Chsocery,  gives  aotlee  that  be  will  sell  tacMker  na  oae  pivparty, 
atpaMie  aadtoa,  Toeaday.  the  -.eaib  (10)  4i|f  at  Aagaai,  A.  D. 
1879,  la  Chicago,  tbe  mortgaged  premisea  iMwl»iit  la  the  Mil  of 
eoapldat,  ladodlag 
-'Hm  sallM  I— iis«  sf  ssM  Bsckfonl.  Bs*  Maad  *  M. 
*Mk  sa  >issit»  s'd  Mtfes  Is  Iks 
bjr    H.    sad    absk    ttrm    aB    ihs 


all  Implemoott,  fnel,  and  materials  for  Uie  conBtractlon,  operating,  repairing, 
or  reolacing  tbe  eald  rallroel  or  any  o(  its  branchos,  or  in  or  for  openUne  and 
worklog  any  of  Its  coal  mlnss.  or  any  of  its  eqalpmenu;  also  all  franoiises 
eonoecied  wtUi  or  relaUngte  the  aala  railroad,  and  al>o  all  right*,  cittma  and 
bonellu  la  and  to  all  leaaea,  oontncts,  and  aneemenu  made  with  any  parties 
owning  aar  coal  landa  or  imneral  landa,  or  railroad,  or  rallroada.  or  with  any 
other  parUn  for  aoj  other  property,  together  with  all  and  alngnlar  the  lande, 
teoeisenta.  and  apparienaneea  thereanto  belongtni;,  and  the  reveralons, 
rsmsindsrs.  toUa,  Incomes,  rents,  iasnes,  and  proois  thereof,  and  also  all  the 
estatss,  rld>t«,  titles,  sod  Interesu  whatsoerer,  aa  well  at  law  aa  In  c-qnity,  of 
the  aald  Bodtford  Rock  lalaad  A  St.  lAoia  railroad  company  of,  In,  and  to  tbe 
aame;  also  the  entire  rallraod  of  the  Orion  A  Xlnerarllle  railroad  company, 
with  all  the  franchises,  priTflaRss.  and  apporteaancee  thereto  belonging ;  and 
all  other  properly,  real  and  psraonal,  bekoging  to  aald  Rockford  Rock  laland 
A  St.  Loa.a  railroad  eompoay  and  aeJd  Orion  A  Mlnersvllle  railroad  eomiuiny. 
or  olihcr  of  them,  and  which  is  now  In  the  poaaeealon  of  William  II.  Kerry, 
receWer,  and  •ll  other  property,  rights,  fnnchtaea.  and  thioga  which  thall 
ban  nean  acquired  by  pnirhn—  or  otherwise,  by  the  aald  receiver  daring  the 
pendeoey  of  thl<  »ait  for  use  lu  connection  with  rata  railroads,  and  shall  be  at 
tbsnassef  the  sale  thereby  decreed  la  his  posaesalon,  or  to  which  he  may 
Ihsa  ba  satttled.  togethsr  ss  oas  properly,  and  not  in  separate  par-ela  By 
'*^    '  —  of  add  decree,  two  hundred  thotiaand  dollars  of  the  sum  bid  at  snob 


Ikat , 

sdslalobepddby  tbs'pardisser  In  cssh  at  the  time  of  aale.  and  for  the 
biiaaee  d  the  snm  bid  by  Hw  pnrcbasar  at  aald  sale,  the  Maaier  la  authorised 
Is  raealT*  Ihim  auch  purchaser.  In  Hsu  of  cash,  any  of  the  outstaadliw  and 
oapald  bond*  or  coupons  leased  under  and  secured  by  the  mortgages  or  June 
IS,  18dL  or  October  iX  IMS,  mentioned  in  aald  decrse.  or  certificates  of  Indsbt- 
nilsesa  Issued  In  lieu  of  any  d  aald  eonpona,  at  each  peteentags  as  asid  Court 
ahdl  direct  (at  the  agiproTal)  of  edd  eale." 

Teaaenee  State  Flnaacett.— Got.  Porter,  of  Tenneisep,  baa 
written  the  folluwing  letter  in  explanation  of  the  failn're  of  hia 
Stato  to  pay  the  July  iatrrest  on  lu  debt : 

ExBcmvB  Okkicb,  Nashville,  July  13. 

Sir  :  In  answer  to  yoar  inquiry,  I  hare  to  state  that  an  effort 
was  made  in  good  faith  to  t>orrow  money  to  meet  the  July  inter- 
eat  oa  tbe  Htate  debt.  Tbe  people  of  the  Stato  exported  that  the 
intoreat  would  be  pa'd  If  a  loan  eould  be  negotiaiea  on  terms  that 
were  at  all  liberal.  Tbe  necessary  amoaot  of  money  was  offered 
to  the  Comptroller  at  seven  and  a  quarter  per  cent,  per  annum, 
bat  la  making  a  loan  of  $600,000  he  was  reauired  10  deposit  aa 
ediaieral  security  the  sum  of  $850,000  in  the  bonds  ot  tlie  Suto. 
Be  eonld  not  cmmpiy  with  tliis  requirement  for  tbe  reason  that  he 
waa  not  provided  with  tbe  secnritiea  demanded.  It  is  true,  aa 
you  aujrgcat,  that  tbe  power  to  negotlato  a  loan  has  been  granted 
to  the  MmptruHer,  but  be  cannot  exercise  it  ro  long  as  banks  and 
haakan  Torase  to  aceapt  his  undertaking  without  a  pledge  of 
other  eeaarlty. 

There  was  some  hedtation  in  making  the  loan  on  the  part  of 
boakers  00  other  gmaaig.  but  it  could  hare  been  negotiated  if 
the  Comptroller  lia<i  been  provided  with  tbe  neeeesary  collateral. 
In  my  own  opininn  the  underukiog  of  tbe("'omptr<'ller,  backed  as 
he  la  by  the  entire  reveauee  of  tbe  State,  would  bn  ample  secarity 
focaay  amount  borrowed  under  authority  nf  the  Financial  Board, 
bat  a  diflbront  opinion  controlled  the  aciion  of  the  bankeraot  New 
Tork. 

In  answer  to  the  other  Inquiry  I  have  this  to  say  :  I  do  not  be- 
lieve that  the  prveent  Oeoeral  Aaeemb'y  would  provide  means  to 
pay  the  Inurest  oa  the  8ute  debt  or  enlarge  tlie  power  of  the 
Oampttoilorof  the  Treasury  to  borrow  money,  aid  1  cannot,  there- 
tore,  ase  oay  good  result  from  an  extra  sesaioo  of  tbe  Lcgislo* 
taie. 

I  lm««  Iha  hoaor  to  be  your  obedient  aervaat, 

Jamms  a.  Poktxb. 


MONTHLY  BAKNIN68  0F  PRINaPAL  RAILROADS. 


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88 


THE   CHRONICLE. 


[Jnly  24.  1875, 


^  I)  c  €  0  III  m  c  I-  c  i  a  I  ^Jj|}}^££:_„ 
coTimercjIl  E^ 

l-niDAY  NiouT,  July  23.  1875. 
Trade  the  past  week  may  be  regarded  as  fairly  active,  wheu  wo 
consider  that  this  is  the  summer  season.  A  farther  decline  in 
gold  tends  to  promote  the  revival  of  confidence  which  is  so  much 
needed.  An  active  speculation  in  breadsluflfs  and  a  rise  in  other 
staples  have  taken  place.  Trade  in  imported  merchandise  is  dull, 
as  it  usually  is  in  July.  But  crop  prospects  continue  generally 
good  ;  local  storms  and  droughts  are  the  chief  exception ;  and 
with  the  probability  that  growers  will  obtain  fair  prices  for  their 
products,  the  indications  seem  to  be  that  the  Fall  trade  will  be 
very  good. 

Provisions  have  been  quite  active,  and  in  pork  and  lard  the 
epeculation  for  an  advance  has  continued  with  much  vigor ; 
until  yesterday,  mess  pork  sold  at  $21@21  10  for  August,  and 
$31  10(321  20  for  September ;  prime  steam  lard  at  14ic.  for 
August,  and  14|c.  for  September.  Bacon  is  scarce  and  higher,  at 
12i@13c.  for  city  long  clear,  and  cut  meats  show  an  irregular 
advance.  Notwithstanding  the  high  price  of  swine,  the  number 
brought  to  "arket  does  not  materially  increase.  Butter  has  been 
doing  a  little  better,  especially  the  fine  grades.  Cheese,  at  some 
decline,  has  been  more  active,  but  closes  steadier,  at  il@llfc.  for 
prime  to  choice  factories.  To-day,  the  market  showed  some  excite- 
ment in  pork  and  lard  ;  mess  pork  advanced  to  f  31  85  lor  Sep- 
tember and  $21  75  for  August,  but  Bubsequently  closed  at  30@ 
40c.  under  these  prices.  There  was  a  large  speculation  in  lard 
for  September  at  13Jc  ,  but  there  was  a  decline  towards  the  close, 
with  an  unsettled  feeling. 

Ckifiee  has  been  firm,  but  rather  quiet.  Stocks  of  Rio  are  in- 
creased to  45,627  bags,  and  of  Java  to  57,863  mats,  with  5,651 
bags  and  4,400  mats  of  other  growths.  Rio  quoted  at  18J@19fc, 
gold,  for  fair  to  prime  cargoes.  Rice  has  been  fairly  active,  and 
stocks  are  pretty  well  reduced.  The  first  parcel  of  new  domestic 
rice  has  been  received  at  New  Orleans.  Molasses  has  been  doing 
belter,  and  50  test  Cuba  refining  is  now  quoted  at  35c.  Sugars 
have  been  fairly  active  and  steady.  The  new  crop  in  Louisiana 
is  exposed  to  some  danger  from  an  overflow  of  the  Mississippi. 

Hhds.  Boxes.  Bags.  Melado. 

Receipts  past  week  7,052  8,074  1,718  589 

Sales  past  week 18,408  3,150  89,426  121 

Stock  July  2J,  1875 164,783  44,539  162,439  15,028 

Slock  July  23,  1874 154,617  97,831  211,656  934 


Sxportn  or  LieadluK  Articles  from  tsew  Vorii, 

The  following  table,  .compiled  from  Custom  House  returns, 
shows  tlie  expoi-ts  of  leading  articles  from  the  port  of  New 
York  ainse  January  1, 1875,  to  all  the  principal  foreign  countries, 
Hud  also  tlio  totals  for  the  last  week,  and  since  January  1.  The 
last  two  lines  ihow  totai  valuen,inc\uiing  thn  value  of  all  other 
articles  besides  those  mentioned  in  the  table. 

0pt-^^,^    .**     .^^^^*'^*  '-  ^- ^JOoO'S*  n  i^'-o  w  yf  T* -JO  J-  :■*  VJ2  c~  K  00 

-    ^    -'    3  d  S 

S  ~  ^  Si^r^ao  »i-i  otJii-  <o  c- to  «  woa  <r  -^  ■»»  o  cO'»t-^««^aD-^'>j'  ao-fo*--'--^**.'-;-^   o    • 


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Kentucky  tobacco  has  ruled  lower  and  less  active,  at  9@10ic- 
for  lugs  and  18@22c.  for  leaf ;  the  sales  for  the  week  embraced 
400  hhds,  of  which  250  for  export  and  150  for  consumption. 
Seed  leaf  has  been  in  light  demand,  but  about  steady.  The  sales 
embrace:  Crop  of  1870 — 30  cases  Connecticut,  at  7fc.;  crop  of 
1871 — 43  cases  do,  on  private  terms  ;  crop  of  1873 — 200  cases  do, 
at  13(a35c.,  270  cases  Pennsylvania  at  13i@25c.,  30  cases  Wiscon- 
sin at  5Jc.,  41  cases  State  at  lljc,  and  329  cases  Ohio,  on  private 
terms  ;  and  crop  of  1874 — 550  cases  Connecticut,  part  at  8c.;  also 
250  cases  sundry  kinds  at  10@3.5c.  Spanish  tobacco  firmer  and 
fairly  active ;  the  sales  were  600  bales  Havana  at  87ic.'a$l  05. 
The  Agricultural  Bureau  has  published  a  very  favorable  report 
of  the  growing  crop,  but  it  has  latterly  been  neutralized  by  dam- 
age from  floods  and  storms. 

The  past  week  has  been  one  of  considerable  activity  in  ocean 
freights,  and  grain  room  has  shown  a  material  advance,  charter 
room  especially  ;  vessels  suitable  to  the  petroleum  trade  also 
have  been  held  at  decidedly  higher  rates,  the  main  stimulants 
being  higher  breadstuffs  abroad  and  the  reduced  supply  of  ton- 
nage in  port.  Late  engagements  and  charters  include:  Grain  to 
Liverpool  by  steam,  7f@8d.,  provisions  at  35@453.,  cotton  at  id.; 
flour  by  sail,  2s.  3il.;  grain  to  London  by  sail,  lOd.,  and^flour  at 
3s.;  grain  to  Cork  for  orders,  7s.  10id.@83;  to  the  Continent, 
8s.  3d.(88s.  4id.;  refined  petroleum  to  Antwerp,  5s.;  to  the  Bal- 
tic, Cs.  10id.Si7s.;  to  the  Mediterranean,  5s.  74d.,  and  cases  at 
27J@38c.  gold  ;  naphtha  to  Liverpool  or  London,  6s.  Today 
there  was  less  doing,  but  rates  were  firmly  held.  Grain  to  Liv- 
erpool  by  steam,  7i@8id.;  tobacco  at  27s.  6d;  grain  to  Cork  for 
orders,  89.  per  qr.;  refined  petroleum  to  Elsinore  for  orders,  78. 
3d.     Flour  from  Richmond  to  Rio  Janeiro,  f  1  25,  gold. 

Rosin  has  been  fairly  active  at  a  decline  to  ijl  62i@l  70  for 
common  to  good  strained,  but  closes  quiet  at  these  figures. 
Spirits  turpentine  was  steady  until  near  the  close,  when  holders 
redueml  quotations  ^c,  which  stimulated  a  belter  trade  at  3Hc. 
In  refined  petroleum  only  a  small  business  has  been  done,  but  as 
exporters  show  some  disposition  to  take  hold,  quotations  remain 
steady  at  lie  for  July  delivery  ;  crude,  in  bulk,  was  quoted  at 
5Jc,  and  quiet.  Ingot  copper  has  advanced  to  23c,  cash,  for  Lake, 
at  which  price  400,000  lbs  were  sold. 

Linseed  oil  has  ruled  lower  and  quiet  at  59@60c.  Crude  sperm 
and  whale  have  been  quiet  but  firm;  Menhaden  has  been 
in  fair  demand  at  35c.  Hides  have  sold  moderately  at 
steady  prices  ;  dry  Orinoco  sold  at  21|c.  feold,  4  months,  and  city- 
slaughter  ox  9ic.  currency.  Codfish  have  been  in  fair  demand 
and  steady  ;  George's  sold  at  $5  35.  Mackerel  quiet.  Whiskey 
has  declined  to  $1  20^.  Domestic  flax  seed  o£  the  new  crop  has 
■old  (or  arrival  at  |1  67f 


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THE  CHEONICLR 


89 


The  tollowiaK  t*bls,  eoupilid  from  Ututom  Hoaaa  retarns 
■  Iww*  lb*  forai?!)  imporu  ot  leading  articles  at  this  port  since 
Jan.  1, 1873,  and  for  the  same  period  of  1374  : 

(Tm  4»MiUiy  U  «traa  ta  p>c<u««<  «hsa  ujt  uikarwiM  specUod.] 


3uaa,  GliM  and 
■srtkMi' 

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11,  " 


t.tw 

IMVT 


Mslali  ^kc— 

Oatlrrjr 

Banl«>i« 

boo,  KR.  ban.. 

LaaU,  iiiM 

■feliar.Tba 

nu,  bona.!'.... 
Vi><laba,lk*... 

Sr.khdih'ica."* 
Ml* 


VfkaoGO...... 

mat*. 

Wlaea,  He— 


um 

79* 

iMir 

MM 


IMM  O^an 
-MM 


Wli 


<.tn 
ivm 

M,47r 

TT.m 


Same 
Imaim 


i,in 


MM 


■iMl 


!«•     

in.lMiBU«a. 


t, 


'■um     n,aM 


Byrcsfc 

fSu,"*i^ 

L— oas... , 

OraacHu 


1.617 

175.W7 

l*a,7M 

l,l»».l» 

1,9^ 

4Ti,rs 

7««L1U 

m«u 

<.Mt 

«,IM 

*t,nt 


I0i7jn  tttta.m 


4t.lW 
5SI,>M 

m.4M 


umtju; 

1H.MB 
IMlT* 


The  exports  lor  the  weelc  ending  this  eveolot;  reach  a  total 
of  4,730  bales,  of  which  3,601  were  to  Great  Britain,  133  to 
Prance,  and  3,034  to  the  rest  o(  the  Continent,  while  the  stocks, 
as  made  up  this  evening,  are  now  136,330  bales.  Below  are  the 
exports  and  stocks  for  the  week  and  also  for  the  correspondinjf 
week  of  laat  season. 


lUporua  lu- 

Toui 
th.> 

WMk. 

a*ino 
wcex 
1174. 

Stock. 

Jalj  a. 

e.Brlt. 

riaaer 

iii 

OontlB't 

ISiS. 

1874. 

N*«  orlamat 

Moblia 

CkariMioa... 
taraanith 

■etr  rork.'" 
Ottaw  ports*. 

lis 

l,U< 
^30 

SS 

'aao 
•iV 

aSSP. 

aa 

'm 
so 

■ao 

4,790 
l,(5t,ISS  i 

S,Kt 

i'Mi 

U1 

«3,au 

M7 

4/B7 

liSI 

S.tilS 
TS.OU 

(.Ml 
10.43) 

».IMI 

Tout   ... 
Sine*  Sept.  1 

tmm 

in.j»i 
S.7S,3;« 

IMA30 

isi,no 

*  The  sxport*  Ihla  waek  _ 
mora  a>  bal««  to  UrerpooL 


of  "oUier  porU'*  luclude  from  BalU- 


41,UI 

UllU 
IM,M1 

nuw 

MM,tTB 
MI.1W 

».«».« I 
•17.ttt 

Sl.lOt 
•IJMS 

t!7.»; 


ut,tn 
nnti 


Mjm 


«io 


The  laealpw  of 
the  Mm*  time  ia  1874, 


itle    Pra^aee. 

since  January  1. 1975,  aad  lor 
hare  ba«a  as  foUowi : 


[t^rOoT  telegram  tiom  New  Orleans  to-night  shows  that 
bsaides  the  aboreexporta  the  amount  or  cotton  on  shipboard,  and 
•■gaged  for  ahlpmeat  at  that  port,  is  as  (olio ws:  For  Liverpool, 
1.800  bales;  for  Uarre,  1,500  bales;  for  Continent,  — bales  ; 
for  coastwise  ports,  300  bales;  total,  3,-500  bales;  which,  if  de- 
daetrd  from  thx  stock,  would  leave  30,000  bales  represeatinK  the 
qoantity  at  the  landing  and  in  presses  unsold  or  awaiting  orders*  I 

Prom  the  fnregoiug  siaieraeot.lt  wilt  be  sa«n  that, compared 
with  the  eorrespoading  week  ot  last  season,  there  is  a  <Uerea$6 
IB  the  exports  tills  week  of  rtJUl  'i>ale4,  while  the  stocks  to- 
night are  51,140  bale*  Uit  than  thejr  were  at  this  time  a  year 
ago.  The  following  Is 'ur  usual  table  showinir  the  movement 
el  eotton  at  all  the  porufrom  Sept.  1  to  Jul/  10,  the  latest  mall 
daUs: 


Stock. 


•  U  laeiadsd  Port  Borsl^Jke.:  aadar  ihs  brad  ot 
*e.iaafirilM  hsaaoTM^rbtt  I    


u  Ineladad  City 


COTTON. 

rillD*T,  p.  U..  July  2.1.  1975. 
Bf  spedal  teUgnoM  raeeiTad  to-night  from  the  Sonthem  Porta 
we  are  la  posasMioB  of  Iko  retaraa  showing  the  reeelptd,  exports. 
te.,  ol  cattoa  tor  tbo  waek  eadtng  thla  oroatag,  Jnly  tt.  Il 
■ppoan  tbal  the  total  faeatplo  for  the  soroa  day*  bare  reaekod 
1«1S  balaa.  against  S,M8  bale*  last  wedt.  6.531  bale*  the 
piaiWiat  week,  aad  •.109  balaa  three  waok*  ilaee,  ataklng  the 
total  rseaipU  tlaM  the  Iral  of  Beptembsr,  1874.  8^70.293  balsa, 
agalaal  S,788457  balea  for  tho  saiae  period  of  1873-74,  ihowlng  a 
ilisrmi  slaoe  September  1. 1874.  of  318j074  bal«.  Tbo  detaiU  of 
Ibo  raeelpu  (or  titts  weak  (as  per  telegraph) aad  foreonespoadiag 
week*  of  Ive  prerlooa  years  are  as  follows: 


•naawafkaa«or< 
fjim  11 1  Cla  sill  1 1 1 

l^o  paat  week  opened  with  rather  moro  stsadlneas  for  spot 
ceUoa,  b«t  the  demand  proved  limited,  and  on  Tnesday  and 
WedaMday  qnolaiioaa  Were  reduced  ^.  each  day.  This  decline, 
altbeagh  aeeonpanied  by  a  reduction  in  the  prifrium  on  gold, 
waa  foDowad  by  a  more  active  spinning  demand  and  a  fair  bus!- 
aeaa  ft>r  etport.  Yeatorday,  there  waa  a  steadier  fooling,  but  the 
shippers  wlthdrrw  from  the  market,  and  the  business  rmbraeed 
only  a  few  hundred  bales  for  home  consumption.  Tu-day,  the 
market  waa  Armor,  bat  not  quotably  higher,  with  a  fair  buainess 
for  eoasaaiptlon.  For  future  delivery  the  feeling  has  been  fever. 
lab,  the  flaetuationa  frequent,  and  the  tone  variable.  During 
8atBrday,  and  early  oa  Monday,  there  was  a  persistent  attempt 
on  the  part  of  local  operators,  not  only  to  check  the  decline,  but 
to  yiiwinia  a  rise  ia  the  next  wintrr  and  spring  months.  This 
acw  Borsoeat  waa  based  on  the  danger  of  a  flood  in  the  Missia' 
■Ippt,  report  of  vermin  and  exoeeslva  rains  frim  various  quar* 
tors  and  prolonged  drought  in  others,  aad  the  belief  that  the 
wont  bad  been  witaeaaed  in  Uverponl  and  Mssehester. ,  But  on 
Tusaday,  Liverpool  reported  a  partial  decline,  aad  the  premium 
on  gold  took  a  downward  tarn,  which,  with  good  reports  from 
the  etop.  quite  demorali/>^l  the  market  for  the  oiouiont.  On 
Wedaeaday,  however,  tlinre  was  a  renewed  movement  for  a  rise, 
bat  the  aioat  a<nive  baying,  which  swelled  the  busincKs  of  the 
il'T  tlJMIIi^l""  58^800  balee,  was  not  sntHclent  to  establish  an 
advaoee ;  on  the  eoatiarr.  a  decline  waa  recorded.  Vesterday, 
with  gold  more  steadr,and  moreassuring  advices  from  Liverpool, 
there  was  a  small  advanre  ;  this,  however,  was  not  fully  main- 
tained at  the  close.  The  irregalarity  of  th«  market  will  be  seen 
by  tho  eomparison  o<  the  closing  prices  of  Wednesdar  with  those 
of  the  Saturday.  The  early  months  were  |<47-l(to.  lower,  while 
the  later  months  had  l«ll.-o  off  only  3-16taic.  Tho  speculation 
for  a  riae  his  derived  confidence  froai  the  belief  that  any  change 
in  the  state  ot  trade  muft  bf<  for  the  l>elter,  and  in  crop  accounts 
for  the  worse  ;  perhaps  we  shall  have  both  tn^^ther,  and  In  that 
caseaome  teeoverr  in  prir>^.  it  Is  tliou^bt.  will  pretty  surely  take 
place.  To-day.  the  market  again  op.ined  buoyant  on  stronger 
Uverpool  advices,  but,  aa  on  yesterday,  developed  weakness  as 
the  day  advanord,  and  only  a  slight  Improvement  waa  esUb- 
llahed.  After  'Change,  there  were  sale*  at  14  17-33^14  9- 16c. 
for  Angoat,  14  13-83414  7-i6c.  for  September,  14  8  32f<iil41c. 
for  October,  14  7  SSaHic  for  January,  and  11  13  33c. 
for  Febmarr.      The    total    sales    for     forward     delivery    for 

tho  week  are   l)N>,80p  bales,   including  free   on  board. 

Vot  Immediato  delivery  the  toUl  sales  foot  up  this  week  5,817 
balee,  ineloding  600  for  export,  5,301  for  consumption,  16  for 
speculation  and —  in  transit.  Of  tho  above,  —  bales  were  t* 
arrive.    The  following  are  the  closing  quotations : 


M 


THE  CHltONlCLE. 


[July  24,  1875. 


New  ClwtlflMtlon. 


Ordlnanr per». 

•oodOrdlouj 

bowUlddUai 

mddUu 

Oood  Middling 

Middling  Pitir 

F»lr 


Uplanda. 


I2H*-- 

lax:... 
i«Ka.... 

lSli».... 

isx«... 
i«sa---- 


i»ha.. 


Haw 

Orlauii. 


Toxu 


I2)i9- 
14    «.. 

i«xa.. 
isSs- 

MhOI.. 


Below  we  five  the  sales  ot  spot  and   transit  cotton  and  price  of 
Uplandt  at  this  market  each  day  of  the  past  week  : 


Kew 
Claulflcatlon. 


Satnrdajr ... 

Monday 

ruuday.... 
Wadneada} . 
Ttanradar... 
rrldar 


Rxpt. 


Total.. 


Con- 
aamp. 


lie 
ao» 

!,59a 

1,780 

732 

•90 


5.201 


Spec- 
als'n 


Tran- 
>tt. 


Total. 


MS 

IS 


5,817 


Good 

LOW 

Mid 

ord'ry 

Ord'ry. 

MIdl'g. 

dllnc 

t!H 

It 

HV 

15X 

12li 

14 

UX 

15S< 

12  »< 

I3X 

UH 

IS 

12K 

13<^ 

IliJ 

14« 

12^ 

18X 

14« 

12H 

I3!k 

14X 

14  » 

For  forward  delivery  the  sales  (including  free  on  board) 

hare  reached  during  the  week  193,800  hales  (all  low  middling  or 
on  the  basis  of  low  middling), and  thefoUowing  is  a  statement  of 
the  sales  and  prices  : 


KorJuly.         I 
balea.  cu. 

109 1413-32 

lOOB.-n 13H 

300 lis 

900 14  1732 

«0 14  »-16 

100  B.n... .1425  32 
100  a.n.... 19  13-16 
100 14  2»-32 

1,900  toUl  July. 

For  August. 

1,700 .4  7-U 

1,300 14  15^ 

5,100 IIH 

l.JOO 14  17-32 

2,>00 14  >-i6 

3,300 14  IM2 

4,400 14« 

200 1)  21-32 

too 14  23-32 

•00 14« 

900 14  25-32 

200 14  27-32 

400 143< 

aOU 14  29-32 

aoo 14 :5-i6 

8,200 14  31-32 

1,200 15 

39,500  total  Ang. 

For  September. 

SJOO 14  9-32 

•  4400 14  5-16 

1.800 U  11-32 

8,900 U% 

5.400 14  13-3i 

3,000 14  716 

1,100 14  15-32 

200 14>< 

500 14  17-32 

»,«00 14  9-16 

aoo 14  19-32 


balea. 

eti. 

balai.                   CU. 

US 

1.200 14  1-16 

1.600 14  3-32 

2.600.. 

14  21-32 

3.200.. 

14  11-16 

2.300 UH 

600.. 

14  28-32 

1.700 14  5  32 

1,000 15  3-16 

33,700  total  Sept. 

100 14  7-82 

1.200 14)4 

'00 14  9-32 

For 

October. 

300 

..11 

500 14  5-16 

1.400.. 

14  1-32 

5  500 

14  1-16 

20,700  total  Deo. 
For  January. 

6''200  . 

14  3-32 

4.900  . 

UH 

4.000.. 

14  5-32 

3,300 14M 

1,400 14  5^ 

2  200 

14  3-i6 

.     ...11  7-32 

3,600 14  5-16 

3*200 

14  M 

SOO 14  7-32 

1,500 14W 

2,400 

IJ  5-16 

500 14  9-S 

1,600.. 

14  11-82 

1.400 14  5-16 

5,300, . 

14H 

500 14  11-32 

200  . 

14  13-32 

100 UK 

2,200 11  18-32 

41,100  total  Oct. 

15,300  total  Jan. 

For  UoTember. 

200.. 

13  31-32 

For  February. 

4  400 

14 

300 14  9-53 

2.6U0 14  5-16 

900.. 

14  1-32 

2,400.. 

14  116 

500 14  11-32 

2.100 14X 

800 14  13-32 

14  3-32 

900.. 

.■.";.';!iV5-S 

100.. 

500 U  7-16 

200.. 

14  3-16 

200 14  15-32 

800 UX 

300 14  17-32 

1  'iOO 

14  9-.K 

■500.. 

14  5-16 

100 It  9-16 

100.. 

14  11-32 

100 14  i»-3a 

1,300 UH 

16,400  total  Nov. 

9.600  total  Feb. 

For  Jccember. 

SOO. 

13  31-32 

For  Marcb. 

6,500. 

14 

SOO 14  15-32 

1,200 14X 

3,100. 

14  1-32 

balea.  cts . 

1,800 14  17-38 

1,800 14  9-16 

1,600 14  19-32 

400 14X 

1,400 14  21-3J 

800 1411-lS 

500 14  23-32. 

300 14  25-32 

300 14  18-16 

900 14  27-S2 

100 14X 

11,400  total  March. 

For  April. 

600 14  25-32 

300 14  13-16 

800 14  27-32 

:oo HH 

800 14  29-32 

600 14  15-16 

300 14  31-32 

200 15 

•200 15  1-32 

3,800  total  April. 

For  May 

:0O 14  15-16 

100 14  31-32 

500 13 

500 15  1-32 

100 15  1-16 

200 15  S-32 

100 15X 

SOO 15H 

200 15  9-S 

2,400  total  May. 

For  June. 

300 15  8-16 

100 15  7-32 

400  total  June. 


The  following  exchange  has  been  made  daring  the  week : 
3-16C.  pd.  to  excb.  100  May  lor  June. 

The  following  will  show  spot  quotations  and  the  closing  prices 
bid  for  futures  at  the  several  dates  named : 


OLD  OLASSIPIOATION. 

Toes.         Wed.          Thurs.  Frl. 

15                H%             14K             14X  14X 

14«             14  n-32      14  15-32      11  7-16  14  15-32 

14  15-16      14  9-16        14  15-33      UK  14  17-32 


LOW  SilDDLINO  UPLANDS 

Frl.  Sat.  Mon. 

Oa  spot 15  15 

July     14  2J-3J  14  29-32 

August 14  27-32  14  15-16 

mxdITlino  uplands— hbw  olassifeoatioh. 

On  spot 15X  15%  15K  15  11«  14X 

Beptember 14  17-32  14  21-82  14  21-32  11  -.1-88  14  9-32  14  5-16 

October   14  7-32  14  5-16  14  11-S2  14  3-32  14  1-32  14  1-32 

November 14  1-16  14  3-16  14)i  14  13  31-32  13  31-32 

December 14  1-16  14  8-16  14X  14.  13  31-32  13  31-32 

January 11  7-S2  14  5-16  UH  14  5-32  14>i  UJ4 

February 14  13-32  14  17-32  14  19-32  14  11-32  14  9-32  14  5-16 

March... 14  19-32  14  23-34  It  13-16  14  »-16  14X  14  17-32 

April 14  25-32  14  15-16  15  14^  14  11-16  14  23-82 

May 15  ISK  15X  14l5-;6  UH  UH 

Juno 15  3-16  15  5-16  15  13-32  15i<  15  3-32  15X 

Balea  spot 509  193  209  1,292  2,SS0  742 

Bales  future...  43.700  14,100  23,800  31,700  53.S00  31.600 

Bold 114X  lU'A  114X  113«  112K  112X 

Kxchantce 4.S5  4.84V  4.84X  4.84X  4.84X  4.8iH 


14X 

11  13-32 
14K 
11  1-16 
11  1-16 

"H. 
14  1-16 

14  21-82 
14J< 

15  1-16 
15X 
996 
36.700 
112X 
4.S4M 

Wkathkb  Repokts  by  Telesbaph.— Our  information  by 
telegraph  to-night  with  regard  to  the  crop,  in  general,  continues 
favorable ;  the  exceptions  to  this  are  the  drought  reports  from  the 
lower  half  of  Texas  and  portions  of  Qeorgia  and  a  few  limited 
aectioDB  elsewhere,  and  the  threatened  overflow  of  the  Mississippi. 
As  we  stated  last  week,  the  rain  we  have  had  has  been  in  the 
nature  of  showers,  and  the  rainfall  by  no  means  uniform,  so  that 
many  other  portions  of  the  South,  be^de  those  mentioned,  would 
be  greatly  benefitted  by  rain.  With  regard  to  the  overflow,  we 
give  below  all  the  facts  we  could  obtain,  in  an  item  by  themselves. 
Very  little  damage  we  should  say  has  from  this  cause  been  done 
yet,  and  the  probable  or  possible  damage  would  seem  likely  to  be 
somewhat  limited  as  there  is  so  little  water  in  the  lower  rivers. 

Oahettan,  Texas. — We  have  had  no  rain  yet,  and  the  crops  in 
the  lower  counties  are  suffering  for  the  want  of  it.  Reports  from 
the  northern  portions  of  the  State  are  more  encouraging,  though 
even  mor  e  rain  would  be  very  acceptable  there.  The  thermometer 
has  averaged  86,  the  highest  being  96  and  the  lowest  78. 

Indianola,  Texas. — We  are  still  without  rain  and  crops  are 
suffering.  The  thermometer  has  averaged  84,  the  highest  being 
96  and  the  lowest  76. 

Corsieana,  Texas. — The  first  rain  fell  here  last  night,  the  rain- 
fall being  two  and  twelve  hundredths  of  an  Inch.  Cotton  is  doing 


very  well.    The  thermometer  has  averaged  84,  the  highest  being 
102  and  the  lowest  being  75. 

2/etB  Orleans,  Louisiana- — We  had  rain,  local  showers,  on  five 
days  the  past  week,  the  rainfall  aggrefjating  two  and  twenty-five 
hundredths  inches.     Average  thermometer  95. 

SkreTcport,  Lcmisiana. — ^Thero  were  showers  here  daily  from 
Sunday  to  Wednesday,  and  the  rain  is  doing  a  great  deal  of  good 
all  around  the  neighborliood.  Total  rainfall  twenty  hundredths 
of  an  inch.  Average  thermometer  90,  highest  107  and  lowest  74. 
Vicksburg,  Mississippi. — There  was  one  rainy  day  here  the  past 
week,  the  rainfall  reaching  eighty  one  hundredths  of  an  inch. 
The  thermometer  has  ranged  between  79  and  89,  averaging  83. 

Columbus,  Mississippi. — The  weather  the  past  week  has  been 
warm  and  dry,  although  it  is  now  cloudy  with  good  prospects  of 
rain.    Average  thermometer  87,  highest  96  and  lowest  75. 

Little  Bock,  Arkansas. — Excepting  two  days  the  past  week  haa 
been  cloudy,  the  rainfall  for  the  week  reaching  seventy-one  hun- 
dredths of  an  inch.  The  thermometer  has  averaged  83,  the 
highest  being  100  and  the  lowest  70. 

NaAmlle,  Tennessee. — There  were  two  rainy  days  the  past  week, 
the  rainfall  reaching  two  inches  and  thirty-eight  hundredths. 
The  thermometer  has  averaged  83,  the  highest  being  97  and  the 
lowest  70. 

Memphis,  Tennessee. — There  were  three  rainy  days  the  past 
week,  the  rainfall  reaching  eeventy-two  hundredths  of  an  inch. 
We  are  having  too  much  rain,  and  in  consequence  the  river  is 
overflowing  in  low  places ;  as  yet  no  serious  damage  has  been 
done,  though  much  damage  is  feared.  The  tributary  rivers  are 
also  higher.  The  thermometer  has  ranged  between  75  and  89, 
the  average  being  83.  Another  correspondent  telegraphs  that  a 
good  many  places  from  Friars  Point,  up,  are  partially  overflowed; 
the  river  is  still  rising,  and  there  are  strong  grounds  for^  the 
gravest  apprehensions. 

Mobile,  Alabama. — On  Saturday  last  we  had  an  unusually  se- 
vere storm,  and  on  two  days  it  was  showery,  the  rainfall  aggre- 
gating one  inch  and  twenty-three  hundredths.  The  crop  is 
developing  promisingly,  though  rain  is  generally  needed,  and 
there  has  been  some  shedding.  We  hear  rumors  of  the  appear- 
ance of  caterpillars,  but  think  them  of  little  importance.  Average 
thermometer  83,  highest  99  and  lowest  73. 

MontgoTMry,  Alabama. — Our  telegram  from  this  point  hag 
failed  to  reach  us. 

Selma,  Alabama. — Crop  accounts  are  rather  lees  favorable ;  rain 
is  needed,  none  having  fallen  the  past  week,  the  weather  being 
warm  and  dry.    Average  thermometer  85. 

Madison,  Florida. — There  was  one  rainy  day  the  past  week,  the 
rainfall  reaching  eighty  one  hundredths  of  an  inch.  The  cotton 
plant  still  needs  rain,  though  the  bottom  crop  is  thought  to  be 
sate.  The  thermometer  has  averaged  85,  Ithe  highest  being  90 
and  the  lowest  80. 

Macon,  Georgia. — There  was  no  rain  here  the  past  week.  The 
thermometer  has  averaged  88,  the  highest  being  99  and  the 
lowest  77. 

Atlanta,  Georgia. — The  weather  the  past  week  has  been  varm 
and  dry  and  very  hot.  The  crop  is  developing  promisingly.  The 
thermometer  has  averaged  93,  the  highest  being  98  and  the 
lowest  76. 

Columbus,  Georgia. — The  weather  the  past  week  ha«  been 
warm  and  dry.  The  drought  is  now  becoming  serious.  Average 
thermometer  87,  highest  98  and  lowest  78. 

Savannah,  Georgia. — There  was  no  rain  the  past  week,  the 
weather  being  warm  and  dry.  The  thermometer  has  averaged 
88,  the  highest  being  103  and  the  lowest  76. 

Augusta,  Georgia. — There  was  only  one  light  rain  the  past 
week,  the  remainder  being  warm  and  dry.  Crop  accounts  are 
less  favorable,  the  plant  being  badly  in  want  of  rain.  Total  rain- 
fall, five  hundredths  of  an  inch  ;  and  average  thermometer  88. 

Charleston,  South  Carolina. — The  weather  the  past  week  has 
been  extremely  warm  and  dry,  and  rain  is  needed  badly.  Aver- 
age thermometer  88,   highest  98  and  lowest  78. 

The  following  statement  we  have  also  received  by  telegraph 
showing  the  height  of  the  rivers  at  the  points  named  at  3  o'clock 
this  afternoon  (Friday,  July  23).  We  give  last  year's  figures 
(Friday,  July  34, 1874)  for  comparison : 

^-July  S3 '75^ 
Feet.       Inch. 
3 
31  6 


New  Orleans. .  Below  high-water  mark 7 

'  Heniphla Above  low-water.mark  si 


Nashville Above  low-water  mark SO 

Vicksburg Above  low-water  mark 36 


,-3\ay  24,'74.-> 

Feet       Inch. 

18  4 

8  5 

S  0 

14  4 


New  Orleans  reported  below  high-water  mark  of  1871  until 
Sept.  9,  1874,  when  the  zero  of  gauge  was  changed  to  high- water 
mark  of  April  15  and  16,  1874,  which  is  6-lOths  of  a  foot  above 
1871,  or  16  feet  above  low-water  mark  at  that  point. 

Crop  Rkpobt  for  July  of  the  Mobile  Cotton  Exchange. — 
By  TELKOBAPH  we  have  received  to-night  the  following  crop 
report,  just  issued,  of  the  Mobile  Cotton  Exchange  for  July  : 

To  the  Officers  and  Members  of  the  Mobile  Cotton  Exchange  : 
BSGbntlemen— Your  committee  respectfully  submits  the  following  report  of 
the  condition,  etc.,  of  the  growing  cotton  crop  for  the  period  commencing 
June  i5  and  ending  July  15  : 

Alabama.— One  hundred  and  twenty  replies  from  forty-eight  counties.  In 
thirty-nine  counties  the  weather  is  reported  as  having  been  seasonable ;  in  nine 
conuties,  too  dry;  and,  as  compared  with  last  year,  in  only  tliree— Chocfaw« 
Macon  and  Russell— haa  it  been  loss  favorable  ;  in  all  the  others  more  favor- 
able. The  stands  are  univorsally  reported  good  and  better  than  last  year- 
The  plant  Is  forming,  blooming  and  boiling  well.  Laborers  lire  workingwell, 
and  are  very  forward  in  farm  work.  The  present  condition  Is  good  and  the 
promise  better  than  last  year.  There  is  nothing  unfavorable  but  the  need  of 
rain  in  a  few  counties  of  the  sandy  lands. 

Mii93U3im,— Flfty-aiz    repUas    have     be«a    received    from    nineteen 


Jnly  24,  1875.) 


THE  CHUOKICLE. 


iJl 


laaatkaeiMatta 


of  tk*  m»9 


ka*  bMD  iManUj  MMoaabl*  muI  anlTcmlly 
iitWbli  lk»  lut  JMT.  TiM  staads  an  aeaUant  and 
<kaa  kat  jaar.  Tka  ptut  U  fonaiaf,  bkioaiae  and  bolliag  well 
Ilavaiiba,  Lowade*  aad  Nnrtoa ;  is  tliaas  three 
than  la  naaa  eoaplalsi  a(  a  weady  giowth  to  the  pUot^ 
by  too  BiDcb  rala  la  Uw  hmrj  laada.  The  labor  It  ae 
a*  caa  ba  daalnd ;  all  workiat  *«U-  Tl"  pnaeat  ooodltloD 
to  goad  aad  wton  pnnUlac  Ikaa  lait  year.  Tb« 
aWa  duaailaaeai  aw  baW»  cnllHitfaB.  ■on  ididtnt  labor,  and  lum 
wun  adiaatad  thn  Im«  yaar.  ThaaarsTotable  an  the  weedy  growth 
■atod  aban,  waal  of  nla  la  ioae  miU  aectloaa  of  wndy  land*,  aad  a  few 
baU  ■mma  npottad  la  Jaayv  coaaty. 

V*f7  napactfaUy  your  obadlant  •errtata, 

r.  K.  lawn,  Cbalraaa, 
J.  W.  Wbrom, 
a.  e.  DuwtB, 
/Quv*  Bunaaa« 
Of  OooaUnaa  on  laftoiBatlaa  and  SUtUtle*. 

MTSSKLT  RBCmim  OW  Comm. — Below  we  giTe  a  table 
■bowing  the  raoeipta  oteottonaMh  week  at  all  the  porta  of  the 
United  Htatea  (or  aereral  eeaaoaa,  indieaUag,  alao,  the  total 
crop  —ch  year.    Oar  flguree  are  gtren  In  thotuaada  of  balea. 

iB7«-i».    um-t*.    im-n.    lan-n.  isro-n.    im»-to. 


river  fignres  for  to-nlgbt  will  be  foand  below.  Our  Memphis 
telegrams  sbow  that  in  low  places  there,  the  river  is  now  over- 
llowing.    One  correspondent   telegraphs   that    in   a  good   many 

j  places  from  Friara  Point  up,  the  water  ig  already  over  the  banks  ; 

I  and  the  same  despatch  my  a  that  there  is  cause  (or  the  gravest  ap- 
prehension. Further  heavy  rains  are  also  reported  in  the  Valley 
of  the  Ohio  and  in  the  Wabash  during  the  past  forty-eight  hoars. 
On  the  otiier  hand,  one  telegram  states  that  the  overflow  must, 
in  any  event,  be  very  limited  ;  that  the  rivers  south  of  Memphis 
are  low,  and  this  is,  therefore,  very  different  (mm  a  Spring  Hood, 
when  the  ground  is  saturated  with  water  aud  all  the  rivers 
fall.  Evidently  there  is  much  in  the  puggeHiion  of  this  latter 
oorreepondent,  and,  unless  we  have  further  very  heavy  rains,  we 
have,  we  thinic,  rea^pn  to  hope  that  the  damage  done  will  be  con- 
fined to  a  limited  section. 

For  the  purpose  of  shoving  oar  friends  the  comparative  state 
of  the  water,  we  give  below,  from  our  own  record,  the  position 
last  Spring  (April  S),  when  the  water  was  at  about  its  highest 
point  of  the  year,  and  also  the  figorea  for  la  st  Friday  and  to-night : 

1875.- 


Oate. 


4.. 

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la.. 


Oct. 


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■AuiMy  haa  bM« 


ast  weak  In  refaraaea  to  the  high  aad 
saiaaippi  Valley.  Wa  have  taken  par- 
I  tiM  laMnBaUaa  wa  wold  by  telegraph 


*llstss»«aeaaat1 . 

Otvbvlow  m  TSB  MiMtfrri  vxixst. 
felt  In  eottoa  drelsa  the  past 
rUIng  water  aloag  tha  Mlasii 
tiealar  paiM  to  okata  all  th.  ...^^...„  ..  „. 
wttkMgavd  totka  riMaOoa  apte  tUa  avaalag.    Oar  rf«a(sr 
asvfaapoadaala  m»im  soato  faaui,  bat  are  Imi««  aiao  telegraphed 
lo  day  to  other  f rleada  aad  ha*«  llMir  rapUat  la  addiUon 

U  testts  that  the  water  haa  ba«l  oonsnuuly  rtaiag  during  the 
weak.    Oar  river  report  last  Fridar  sliowad  tT  fast  10  Inehea  at 

** 4ia,  aad  aS  feel  aad  8  laaLea  at  VlakalMrg.  above  low 

iiafk.agal>M8t«mallleapblaaad«l  (eat  8  laches  at 
bug;  Iha  Ugkart  potaMt  ot  UM  Bpiiag  (April  »).    The 


New  Orlaaas. .  Beiaw  hich-water  Burk. 

■Mipbla Above  low-water  Bark. 

Naahville...  .Above low-vatar mark... 
Vlcksboit — Above  low-water  mark.  . 


^-Jnly  a.-.  ^Jaly  18  ^  ,-Apiil  1.^  " 
Peet.  Inch.  Feel.  loch.  Feet.  Inch. 
.71  7         «  4  1 

.  11         «         r        10         31  0 

.  10         4         18         »         to  7 

.  It         7         M         8         4i  6 


The  above  indicatea  that  water  has  risen  this  week  at  SfempUs 
8  feet  8  inches  and  at  Vicksbarg  8  feet  11  Inches,  and  that  it  is 
BOW  1  foot  S  inches  lower  than  last  April  at  Memphis,  and  5  leet 
11  inches  lower  at  Vicksburg. 

BOMBAT  BaiPMum. — According  to  our  cable  dispatch  received 
t»day,  there  have  bean  8,000  bales  shipped  from  Bombay  to 
Great  Britain  the  paat  week  and  no  bales  to  the  Continent, 
wUla  the  raoelpu  at  Bombay  during  the  same  time  have  been 
SMO  balaa.  The  movement  since  the  1st  of  January  is  aa 
toUows.  Theae  are  the  figares  of  W.  NIcol  k  Co.,  o(  Bombay, 
•ad  ara  breoght  dowa  to  Tharaday,  July  22 : 


^  this  weak-x  ^-Sblpawatailnce  Jao.  1-, . Rsealpts — . 

One*     -Oea-  Onat      Ooo-  Thie     diaee 
MislB.    Ooant.    TstaL     Mlala.   HaenL    Total.      weak.    Jan.!. 

MM.....  MM  t^io    'm,iM  1H.00O  i.in.000     1.000  lJl^aoo 

MM MM       l.«D       Xm     1tl,«0    m,000  I.OMIOOO       3.000  lIlM.OOO 

Itn MM       1.100       7,100     M4.000    IMLOOO     SM^OOO       1.00O     »ia.ooo 

FfOOl  tba  (oregolag  It  would  appear  that  compared  with  last 
yaar  there  lean  taersasr  of  1,000  hales  this  year  in  the  week's 
■hipmsaM  (rom  Bombay  lo  Europe,  and  that  the  toUl  movement 
liaeo  Jaaoary  1  shows  an  Msrsoss  in  ahlpmenu  of  74.000  bales 
Maparad  with  the  eoneapondlng  period  of  1874. 

Qonnr  Bags,  Baooixo,  Ac. — The  market  for  bagging  has 
baaa  ■odeiately  active  during  the  week,  and  Prices  are  a  ahade 
firmer  with  a  good  demand  from  the  Booth.  Salea  are  reported 
0(8,000  rolls  at  prices  ranging  from  181  *<>  lS{e.  cash,  the  market 
•kMing  firm  at  lS|(il3ic.  There  are  one  or  two  amall  ]>arcels  In 
Boatoa  which  caa  still  be  obtained  at  13e.,  theogh  most  holders 
MklHmiic.  IndU  bales  are  held  at  OtaiOc.  cadi.  Borneo  18ic. 
karat  IHc  la  Boatoa.  Bags  are  dull  and  aaf  laeted,  and  with  no 
■alas,  ptlflaa  are  oomlaal,  boldera  asking  184^li|r..  fur  440s. 
The  laarkat  for  butts  Is  moderately  active  and  prices  are  firm. 
TL*  stock  la  hand  oonllnuea  very  lii(ht  and  most  of  the  near  arri- 
vals have  been  tmoght  by  eoasomers  ;  holders  are  asking  8{^ 
9  18-I6e.  for  spot  lots  and  S}e.  time  guaranteed,  bagging  quality,  to 
arrive;  sales  aie  nportad  of  1.300  hales  spot  and  to  arrive  at  above 
qaotations.  The  market  appeara  strong  with  every  Indication 
that  it  will  laat  (or  tba  balanoe  of  thia  year. 

ViaiBumorrLT  or  Oorroa  aaMAoaor  btCablb  a.ndTklb- 
•BAPU. — Below  we  give  oar  table  of  vialble  supply,  ss  made  op 
by  cable  aad  telegraph  to-night.  The  contloeotal  atocks  are  the 
■gona  of  last  Saturday,  but  the  totals  (or  Oreat  Briuin  and  the 
adoat  (or  the  Continent  are  this  week's  returns,  and  oooaeqoently 
braaght  down  to  Thursday  evening;  heace  to  make  the  totals  the 
eoMplete  figures  (or  to-night  (July  33;.  we  add  the  item  o( 
anorta  from  the  (Jallad  States,  including  In  it  the  exports  o( 
Friday  oaly. 

Mlt.  1114.  im. 

tlBCkai  Uvarpool LIWjtK  HLOOO  111,000 

ttock  at  Loadsa tOMOO  lIl.iM  lll.MKI 

Total  OrMI  Britala  stock 
■lockalBavn 
•taek«( 
Stack  at 

tteck  at  Ifawbant.. 
Mock  at 
at 


TMal  eonUaital  pans. 

Total  Catopsaa  I 
Indto soUsa s4aat (or  laraye., 
AoHrkaa  eotlDa  afloat  for  larape 
Itfpt,  Bnall.  Ac.  afloat  Ibr  Barop*. 

Mock  la  Uallsd  Stalm  porta lIMIt 

atoek  la  Callad fltates  latarlor  porta....      IMtO 
Daltad  BUiea  asportt  to  day VM 

Total  vlslbU supply .     .bale*.  1,177,110  1.4».T7i  l,«)7,M6 

or  tk*  abevo.  th*  totala  at  Amaneaa  and  other  deaerlpUoD*  are  aa  fol- 


i.ia.tao 

I,I10.M« 

is7,oao 

IM7M 

M,(iao 

U.«M> 

71.790 

41.000 

r.KO 

M,MO 

tMoo 

M,aoo 

M.7M 

lOMSO 

n.no 

n,ooo 

It,  no 

10,000 

41,000 

78,000 

4«l,tS0 

»7,1«0 

i,ui.aao 

1,8S7.7M 

HI, on 

178,000 

71.000 

107,000 

;i.ouo 

98,000 

1I7,*N 

im,ni 

tt.lO< 

15,444 

1.000 

1,000 

411,000 

in,Mo 


nipioo 
MiiOog 


92 


THE   GHHONICLE. 


[July  24, 1875. 


1875. 

101,000 

136,530 

11,230 

2,000 


American  aloat  to  Karope 

United  States  Btock 

United  State*  Interior  ttoeka 

United  States  expoits  co-day 

ToUl  .\meric.in bales.  1,010,760 

Satt  Indian,  BraxU,  <tc.— 

Liverpool  stock 

London  stock „ 

Continental  stocks 

India  afloat  forBurnpo ... 

Bjfypt,  Brazil,  Ac,  adoat 


1874. 
73,000 
187,670 

25.602 

1,000 


1873. 
107.000 
169,751 

25,444 
2,000 


Total  East  India.  Ac. 
Total  American 


444.000 
105,500 
185.250 
569,000 
33,000 

1,33S.75J 
1,040,780 


1,010,272 

546.000 
121,250 
294,250 
631,000 
73.000 

1,475,50D 
•  1,010,272 


930,195 

520,000 
211,500 
3:0,250 
378,000 
58,000 

1,477,750 
9)0,195 


ToUl  visible  supply ..bales.  2,377,510  2,485,772  2,407,915 

Price  Middling  Uplands,  Liverpool 6  IS-ied.        8)i®3Xd.  8Jid. 

These  fijrurss  indicate   a  decreme   in  the   cottou  in  sijybt  to- 
alubt,  of  103,363  bales  as  compared  with  the  same  date  of  1874, 
and  a  decrease  of  30,433  bales  as  compared  with  the  correspoDd- 
'  inK  date  of  1873. 

MOVBMENTS   Of  COTTON   AT  THB  iNTBUIOa  POKTS. — BeloW  we 

give  the  movements  of  cotton  at  tlie  interior  ports — receipts  and 
sliipments  for  the  weetc,  and  stock  to-night,  and  for  the  corres- 
ponding week  of  1874: 

^Week  endine  July  23,  '75-,  ^Week  ending  July  24,'74.-, 
Receipts.  Shipments.  Stock.   Receipts.  Shipments.  Stock, 


Angnsta 311 

Columbus 

Macon 

Montgomery*... 

Selma. 

Memphis 

Nashville 


63 
23 
20 
14 
167 
43 


750 
55 
93 
106 
57 
1,280 
673 


1,400 
845 

1,410 
600 
282 

3,9(2 
t2,851 


186 
34 
22 
12 
10 

411 
66 


1,054 
81 
27 
105 
54 
1,521 
654 


7,484 
1,625 
2,277 
164 
628 
9,204 
4,320 


Total,  old,... 

.       641 

2,914 

11,230 

741 

3,496 

25,602 

Shreveport 

39 

41 

41 

'106 

117 

248 

Atlanta. 

29 
58 

77 
819 

577 
1.748 

51 
2:5 

10 

722 

637 

St.  Loui* 

8,746 

Cincinnati 

.     1,339 

1,175 

2,591 

3S4 

401 

9,450 

Total,  new . 

.     I,4ti5 

2,145 

4,957 

766 

1,250 

19,0S1 

Total,  all 

.     2,106 

5,039 

16,187 

1,507 

4,746 

41,683 

"  Ottr  telegram  from  Montgomery  having  failed  to  reach  us,  we  are  compelletl  to 
eBtimate  our  figures  for  that  point, 
t  Actual  count. 

The  above  totals  show  that  the  old  interior  stocks  have  (?e(5r«a?e(i 
daring  the  week  2,273  bales,  and  are  to-night  14,372  bales  le,i-i 
than  at  the  same  period  last  year.  The  receipts  have  been  100 
bales  less  than  the  same  week  last  year. 

The  exports  ol  cotton  this  week  from  New  York  show  a 
decrease,  as  compared  with  last  weak,  the  total  reaching  1,805 
bales,  a'jainst  10,240  bales  last  week.  Uelow  we  give  our  usual 
table  showing  the  exports  of  cotton  from  New  York,  and  their 
direction  for  each  of  the  last  four  weeks ;  also  the  total  ex- 
ports and  direction  since  Sept.  1,  1874;  and  in  the  last  column 
the  total  for  the  same  period  of  tha  previous  year. 

Export*  o(Catton(baIe«)fVoin  New  Yorit  since  Sept. !>  1874 


WBXK  SHDINS 

Total 

to 
date. 

Same 

period 

prev'us 

year. 

June 
30. 

July 

7,834 

July 
14. 

July 
21. 

4,837 

6:839 

1,156 

364,048 
7,033 

412,399 

Other  BritiBli  Ports 

Total  to  Gt,  Britain 

Havre     

4,837 
3,662 

7,831 

6,839 
59 

1,166 

371,081 
11,610 

412,399 

6,932 
1,701 

Other  French  ports 

lotal  PrBncli 

3,662 

163 
204 

90O 
379 

69 

351 

149 

2,839 

550 
99 

11,610 

21,6S3 
18,832 
6,683 

8,633 

20,601 
4.043 
3.238 

3remen  and  Hanover 

Total  to  N.  Enrope, 

Spain  OportoJtaibralUr&c 
AUothere 

367 

1,279 

3,342 

649 

45,588 

10 
55 

27,842 

25 
2,647 

Total  Spain,  &c 

8,866 

.... 

.... 

65 

2,672 

Orand  Total 

9.113 

10.210 

1.805 

428,344 

451,546 

Shipfino  Naws. — The  exports  of  cotton  from  the  United  States 
the  past  week,  as  per  !ateit  mail  returns,  have  reached  5,858 
bales.  So  far  as  the  Southern  ports  are  concerned,  these  are  the 
game  exports  reported  by  telegraph, and  published  in  The  (Jhbon. 
lOLR  last  Friday,eicept  Galveston,  and  the  figures  for  that  port 
are  the  exports  for  two  weeks  back.  With  regard  to  New  York, 
we  include  the  manifests  of  all  vessels  cleared  up  to  Wednesday 
night  of  this  week.  ^otal  bales  . 

Nkw  Tork— To  Liverpool,  per  steamers  Algeria,  52 City  of  Montreal, 

408 Snain,  200  and  9  Sea  Island Idaho,  56 per  ships  Isaac 

Webb,  287...  Simla,  144 1,166 

To  Bremen,  per  stjumer  Mosel,  550 550 

To  Hamburg,  per  steamer  KlopDtock,  99 ..         99 

New  Ori.k  INS— To  Liverpool,  per  steamer  Warrior,  400 400 

roll4vre,  per  ship  Scioto,  2,3-J8 2,328 

Texas— To  Liverpool,  per  schooner  Luola  Mnrchlson,  1,325 1,'325 

Total 6,868 

The  j^rticularsof  those  ahipiuents,  arranged  in  our  usual  form 
are  as  follows: 

Liver-  Bre-    Ham- 

pool.  Havre,  men.    burg.  Total. 

.VewYork 1,156       ...       650        99       1,805 

New  Orleans 4C0    2,328      ....        ...       2,728 

Texas 1,3-25     1,3-25 

Total 2,881    2.828       660        99       5,853 

Below  we  give  all  news  received  to  date  of  disasters,  &c.,  to 
vessels  carrying  cottou  from  United  States  ports  : 

Ithdbib.  str.  (Br.),  Mitchell,  from  Galveston  for  Liverpool,  put  Into  Queens- 
town,  July  16,  short  of  coat. 

NiAGARv.  About  2,000  bajes  cotton  had  been  saved  toJuly  3  from  the  ship 
Niagara  (Br.),  from  N(-w  York  for  Liverpool,  wrecked  at  the  South  Stack. 

Prairie  Bird,  biirk,  from  New  Orleans  for  Liverpool,  had  discharged  c  argo  at 
Key  WeBt,  July_  8,  and  carpenters  and  caulkers  were  at  work  making  all 
temporary  repairs  necessary.  About  300  bale^  of  burnt  and  damaged 
cotton  from  lier  cargo  were  shipped  to  New  York  per  steamer  State  of 
Texas  on  the  8th.    The  vessel  had  commenced  to  re-load. 

Saqa  (Nor.),  Oleen,  from  New  Orleans  for  Malaga,  remained  at  Gibraltar  Jane 
28,  undergoing  repairs. 

Cotton  freights  the  past  week  have  been  as  follows : 


Thetollowingare  the  receipts  ot  co'tton  at 
Philadelphiaand  Ualtimorefor  the  last  week. 


New  York,  Boston 
and  since  Sent.1,'74 


■BOB'TS  rROM- 


This       Since 
week.    Sept  1. 


New  Orleans. 

Texas 

Savannah.... 

Mobile 

Florida 

S'th  Carolina 
N'th  Carolina 

Virginia 

Morth'rn  Ports 
Tennessee.  &c 
Foreign — 


Total  tbiB  year 
Totallast  year 


917 
893 
163 


607 
27(] 
104 

S4 
432 

25 


8,505 


111,164, 

65,1-221 

109,921 

1,2701 

6.6C8 

117,918 

69.666' 

151,216 

13,SCii 

157,265 

2,8i0i 


795,169 


6,157     947,047 


This  1  Since 
week.  Sept.1. 


450 
360 


20 
1 

867 
33 


85,877 
16,798 
41.664 
30,722 

Jjiois 

61 

7.3,539 

69,669 

38,508 

162 

319,405 


1,293 


4,087  334,130 


PHnaDELP'lA 


This 
week. 


125 


Since 
Sept.1. 

6,916 
4,184 
15,146 


B,793 
8l',7S3 


62,822 


5»4    41,615 


BALTIHORB. 


This 
week. 


220 


Since 
Sept.]. 


18,746 

12.i26 
18,841 
61,106 

8,637 


119,154 


199  1)0.984 


,- — -Liverpool. 

-v — Havre. — , 

, Bremen. 

.^Hamburg.— , 
Steam.    Sail. 

Steam. 

Sail. 

Steam. 

Hail. 

Steam. 

Sail. 

a. 

d. 

c. 

c. 

c. 

c. 

c.           c. 

Saturday @\' 

..®« 

11-16 

Xcomp. 

Xcomp.     .. 

Monday &ii 

■  ■&H 

11- !6 

Xcomp. 

Jicomp.     .. 

Tuesday @!^ 

..©¥ 

11-16 

Xcomp. 

Jicomp.     .. 

Wednesday    ..@K 

..@!t 

11-16 

Xcomp. 

^comp.     .. 

Thursday..     ..&H 

..@5< 

11-15 

Xcomp. 

>icomp.     .. 

Friday ®Jf 

..ax 

11-16 

><comp. 

Jicomp.     .. 

LivEnpOOL,  July  23. — 4  P.  M. — By  C.*.blb  prom  Liverpool. — 

The  market  has  ruled  firm  to-day.  Sale.s  of  the  day  were  10.000 

bales,  of  which  3,000  bales  were  for  export  and  speculation. 
Of  to-day's  sales  6,000  bales  were  American.  The  weekly  move- 
ment is  given  as  (oUows  : 

July  2.  July  9.       July  16.        July  23. 

Sales  of  the  week bales.    48,000  65,000            61,000            61,000 

Forwarded 5,000  7,000              5.000              6.000 

of  which  exBorters  took 7,000  1-2.030             11,000            16,000 

ot  which  speculators  took 2,000  9,000              2,000              6,ono 

Total  stock 1,030,000  ;,OI7,OOo        1,047.000        1,036,000 

of  which  American 62-2,000  614.000           611,000           594,000 

Total  Import  of  the  week 92,000  80,000             53,000            45,000 

of  which  American 51,000  27.000            2.3.000             14,000 

Actual  export 8,000  8,000            30,000             10,000 

Amountadoat 5.36,000  5-23  090           465,000           447,000 

of  which  American 97  000  92,000            69,000             66.000 

The  following  table  will  show  the  daily  closing  prices  of  cotton  for  the  week . 


Satur. 
Mid'g  Uplands.       7 
do    Orleans..  7>i®.. 


Mon. 

7 
IX®.. 


Tues. 

6  15-16 

7  3-18 


Wednes. 

6  15-16 

7  3-16 


Thurs. 

6  15-16 

7  3-16 


Fri. 

6  15-16 

7  3-16 


BRE  ADSTUFPS. 

Fridat,  p.  M..  July  23,  1875 
The  flour  market  baa  continued  active,  excited  and  buoyant, 
and  last  night  prices  had  advanced  over  the  quotations  of  the 
previous  Friday  fully  50@78c,  per  bbl.,  with  large  sales  of  the 
regular  shipping  extras,  State  and  Western  at  $6,  $6  25  and  $6  50 
per  bbl.  on  the  spot  and  for  August  arrival,  but  an  advance  yes- 
terday to  $6  75  checked  the  demand.  The  movement  has  been 
mainly  speculative,  stimulated  by  the  wet  weather  in  England. 
But  to-day  the  improvement  of  yesterday  was  almost  wholly  lost, 
and  the  close  was  flat. 

The  wheat  market  has  also. been  the  scene  of  great  excitement 
and  activity.  The  business  of  the  week  may  be  set  down  at  fully 
three  million  bushels.  The  prolonged  rains  in  England  have 
stimulated  an  active  export  and  speculation,  and  at  the  close  last 
evening  prices  bad  advanced  10@12c.  over  the  previous  Friday, 
although  on  Saturday  prices  fell  off  2@3c.  The  higher  prices  have 
stimulated  the  deliveries  at  the  Western  markets,  and  the  new 
crap  continues  to  make  a  satisfactory  progress.  The  break  in  the 
canal  at  Palmyra  has  been  repaired,  and  boats  began  moving  east- 
ward^on  Wednesday.  It  was  estimated  officially,  yesterday,  that 
there  are  4,000,000  bushels  of  wheat  afloat  on  the  lakes  and 
canals  destined  for  this  market,  nearly  or  quite  all  of  which  will 
arrive  in  August.  To-day, there  was  a  decline  of  2@3c  per  bushel, 
with  sales  for  the  first  half  of  August  at  |1  36@1  36i  for  No.  3 
Chicago,  and  |1  40@1  41  for  Ko.  2  Milwaukee,  with  amber  winter 
going  at  |1  48, 


July  24  1875.] 


THE   CHRONICLE. 


98 


Indian  corn  has  been  actiTs  and  bigker,  owiac  to  continued 
■mall  leoeipta  at  the  Western  market*  and  /arorable  foreign 
adrioe*.  Price*  were  laat  evening  np  8(99  per  cent,  per  buihel. 
The  nlee  have  been  largely  of  prime  mixed  for  Aogast  delirery 
and  the  Bret  half  ot  September,  opening  at  85c  and  adTanclng  to 
90e.  To-daj,  tbere  waa  a  nnart  decline,  with  salee  of  good  to 
prime  mixed  at  87(SeBc  afloat. 

Bye  baa  been  more  aetlTe  at  93e.  for  Canadian  in  bond.  Canada 
p«aa  aomlnal  and  barley  nuilt  dull. 

Tha  qMoolaUan  haa  extended  moderately  to  oala,  and  No.  3 
mixed,  wliieh  sold  early  in  the  week  at  61c,  had  adranoed  yeater- 
day  to  60e.  There  ia  nothing  id  the  sute  of  suppliea,  preaent  or 
pwapaartTa.  to  ■timnlaf  an  adTasce,  bat  sympathy  with  wheat 
and  eera  hm  bad  aooM  aflaet.  To-day,  No.  9  Chieafo  nld  at  87e., 
afloat,  bat  at  the  close  06c  waa  the  beat  bid. 

Tba  foUowlag  are  the  eloeing  qaotatlona  : 
ru>cB.  I 

•bb;.|4Mia5  U 

a*  Slate  *  West- 


Ho.*. 


B4MBB 
•  MO* 


l8Ut«,*C 

Wwtera  Bprlaf  Wkeat 

•ztra* •  leo  •  ao 

doxxudxxx. •  no T n 

<o  wlatar  wheat  X  aad 

XX •«■•■» 

our ekipplaf  Ulna..  ..    •  ISA  (  *> 
OMr    trad*  and  tUBlly 

bnada.  1  OOO  •  » 

■— t>«a  bakwe'  and  (s- 

■llraraada      T  MA  ■  W 

■oatk«n*klp9't«ztraa..    •  MM  1  I) 

■ve  doar,  MMriaa B  ■•  •  K 

Oeraaeal-WMtan,  Ac.    4  M  4  M 
Oe*»»eal    BCwtae.  *«.    B  (Oft  S  10 

The  moT*m<«t  ia  braadatiilb  at  tiua  market  haa  been  aa  fol- 
low! : 


UaAia. 
t— Ito.3iprtnc  ba*b.(l  MA  l  is 


ttpriac. 

fo.i^pdag 

Amber  do 

WhiU „. 

Oon-Wastera  Blzad 

Whit*  Weetaa 

Tallow  Waelera 

■oatlMra,7ttt0w.... 

BT« 

uata- Black. 

Xlzed 

WhlM   

Barlij-ITHMrB....  . 

Ouads  Weat. 

8UU 


I 

I  «T 
141 

148 
IM 

m 

n 

i'io 


•  At  aaw  Toaa.— 

, Un. .       8lBC« 

For  the    Slaee         Jaa. 
Jaa.  1.       t.  !?T4. 


noar.bMs. 
OL 


> BxroMS  raoa  saw  Toac— . 

. ins. .    . U74 . 

Porta       Slact  Forth*      Stat* 

wMk     Jaa.  1.  w*«k.     Jaa.  1. 

VJOB    LBILW    MItMT     50.4*1    UKNI  t;,Tr3    I.MB.Otl 

I.TU      Ti,fn     i«.i«     4.087      tr.:«B  tjm     in.«N 

ntkWl  11,1M.M4  Kni.1B4    IM.4IS  tUmjf*  tB4,«M  ti,nii,(m 

»n.4M  MLMMH  ltkB«M*S    Sl.TCB    14K»M  n7,aM  II.IBI.U4 

1MI0    4iLn8      ....     mimt 

S.T1D    UtMn       MUM         ....  110 

Mi.tn  i.iiMii  \atjm     tjm     ii«8 


•  la* 


»,uum     ijm     mm      a.*:      imm 
I  at  Mew  Talk*  iMtadaa  alw  awlt 

Tb«  Mlowiac  tablaa  show  tb*  Orala  la  right  aad  the  move- 
moot  of  BreadMaVa  to  the  latest  null  date*  : 
aaraTrra  at  uuib  aMD  aiTKa  pobt*  fob  tbb  waax  bmdm* 

JOLT  17,  AVD  FMOM  AUO.    1  TO  JULT  17. 

Flear,     Wb*al.       Cora.       Oala.     Barter,       Rj«, 
khia.      hack.  k«*h.       kvk.       '     '         '     ' 

A^~  (WAeJ  (Mlbs.) 


MDwaaka*.. 


bS 

M1B* 

Hior 

US 


BdnriB 

88I.4M 
181.181 

J4.4I 


Oora. 

k«*k.       _  

(Mlba.)  Oilbaj  HBIkaXMIhi.) 


Tr,fM 


run* 

IMM 
181.111 

4.T4* 
t.lM 

n.M8 

7M88 


BI8 


«IJMI 


I.I 


tit 

Ltto 


TMaL.  .  8l.r*t  l,aiB.TU  uom.im 

«vaefe njm  i,m,M4  m.iih 

r*M(we*k,T4.  M.114  MO^IM  l,TI«,Wr 

^'       18.  Hau  >.ui.M8  uait.in 

-^       It.  4t.TM  ntk74t  i.ni.am 

•M  vm.ut  ijanMi  i.«t«.im4 

18.  IBJIB  MMMB  no.«rT 


mum 


80.141 

m.Ti8 


Volai  Aac  I  ledale.  A,a8Mtt  8Mtai< 
laaMttiaa  ms-M.  .«,8iW88  aMatU 
•Mae Mm  I8>».18..  .tL8H,a*  mmm  mjMMt 

•»m»nm»mt%-n...*jSGmmm*mmjmi.4m 


1.MI     mtu 

I.T44  I^MI 

7.0U  t,l« 

1U.m        i.tM  BDlIM 

IMMl       l«,MI  tM48 

tBjmt       l«.*4t  MwtM 

IM.M8       UkTM  IB,»I8 
8M81MI  8LMI.:8t  B,:8A0H  l.ltl,tR 

<i.ti4,aH  auHcTt  Mai.M8  una^ia 

""" IBdtllMlIM  tJO^Ttt 


OaMTABATITB  flnpilBliT*  Of  floar  and  Oraia  from  the  porta 
ol  Chica«o,  Mllwaakae,  Toledo.  Detroit,  Clevelaad.  8t  Loala, 
P*orla  aod  Dniath,  from  Jan.  1  in  Jaty  17,  ladoalTe,  for  the 
laat  four  yaara : 

rioei.     Whaat.       Uora.      Oata,      ■arlai,       Bf*. 
hM*.       ^aab.        i>e*k.      kask.       haik.       kaak. 

2M-lledMe. tjaajM  1I,mM(  IS.IB4.MB   UMilH    *n.n«    f».m 

iaiaettiMl8M AUUM  njMt.«n  ■iIOi.M    MUM  1.8<l.«lt  M7t.«M 

saMOM  WIS i.t«ijn  lajMa^ma  n.mn.m  iMjmjm  i.«M.«it   bcmi 

BMMttiMiart  t.MIJ8l    1,S4t,0H  S4.«IS,487    t,1SaktH  l.Mi.441     «t4.Ml 

■aoatrra  of  floob  and  obaib  at  asAaoABO  fobts  fob  tbb 

WBBX  BJIBwi  JOLT  17, 1879,  ABD  PBOK  JAB.  1  TO  JtJLT  17. 


At- 
HcwTork 


Floar.    Wkeal,       Cora,        Oala,        Banajr,     Kr«< 
bkkk      kaak.         hMk.       ka*.         kwk.    kaSk 


Cora, 
™-  — _  hMk. 
IB^dW  tM.aM  481.184 
18,814        lt.lM        


RSjjSViiti.'.'.'.'.'.'. .'   turn       ivteo     lonion 


MB      tvm        '-m 


414 


BaMaMr*... 
>«wOi1*«aa 


ll,Mt       llOJH 
t»<l4 


«,TM 


M.408 


MIS 


TMal 


Oar.  week 


-14..  .. 


TMaiAw. 


mm  imjtm     «i«.mi    mmb        ....     \jm 

1I8.784    Ma.81t    <,aU.«M     fiM*4  4400       tMB 


v.m 


.\jotMmAjn\,\mnjm\Jinn.4m.m  tyMB,»«      avi,tM 

ISM S.4«4.1M  S4.te»J»  M.I».4M   g^MBM       nB.MB 

HMttMWn «.IM,tW  U,*MMI  tt*A].1lt  ttjFltJM     l.ttt,BI»    

UmHtmmVnt. 4.l4S.tn    ».7«;«7  4»,»>a.3«7  ll,9B«,0tT    ix,a8  miM 

Tbb  ViaiBLB   BOFFLT   OF  Ubain,    laelodlng  tb*  stoeka  la 
ffaaary  at  im  priaeipal  polata  of  aeeamulatlo*  at  laka  aod 


seaboard  porta,  in  tranrit  on  the  lakes,  the  New  York  canals  an  d 
by  rail,  July  17, 1875 :        _ 

Barley.       Bye, 

bnsD.     biuh. 

1.163      84,923 

....      13,800 


In  (tor*  at  New  York 

In  store  at  Albaoy 

In  ator*  at  BnflWo. 

In  atore  at  Chicago 

In  atora  at  Milwaokee. 

In  (tore  at  Dolath-H , 

la  Mora  at  Tolado .*.., 

Ia  store  at  Detroit 

Ia  atore  at  Oaweco* 

(a  atore  at  St.  Loala. 

In  atore  at  Peoria 

In  store  at  Boelon....  

Ia  atore  at  Toronto 

la  store  at  Montreal ,. 

Ia  store  at  PhlladelpbU*.'.. 

iBstoreatBalnsMiia* 

lake  ablpiBenls 

Rail  aUpoMBls.  

On  Mew  York  canals 


Total 

Jol;  10,  I87&.. 
Jaly  18,  1814.. 


Wheat, 
baeta. 
STt.eiS 

T.yio 
S3g,sa8 

1,418,00 

400.018 

14.771 

5tS.061 

.     184,013 

.      100,000 

,      tt^44S 

10,081 

18.110 

M,Bt0 

,      173.830 

.      170,000 

81.01B 

,  LM8.0n 

448,778 

1,080.874 

' 

8.B1(,W4 

,  8,a8e,aH 

B,«04,» 


Com, 
baah. 
1,137,613 
18.000 
B«,««8 
t,88l,4S3 
31,390 

tisiist 

8«,101 

10,000 

ll>.ltT 

M,8H 

47,711 

183 

13,587 

110,000 

848.M6 

788.114 

480,147 

371.774 

7.t7t.Tri 
7,844,SU 
7,188,871 


Oat^ 
baah. 

763,359 
7«,!00 
9S.S!S 

*M,787 
63.498 

«6.'68i 
11,301 

1,900 
11,985 
18,085 
84.718 
51.181 
U.641 
•5.000 

5.000 

8^58l 
iiciot 

84,840 

9,003,079 

3,076.118 

819.768 


7.883 
1,589 


50 

'm 

7l464 
1,917 


1.441 
1,018 


18 


800 

i,on 


5,838       1,618 


16,916  96,181 
19.4St  70.467 
13,931      50,771 


•BsHiMtrd 


THE  DRY  O0OD9  TRADE. 

KHiuiT.  P.  M.,  July  18,  1876. 
Daring  the  past  week  the  package  trade  in  domestic  goods  haa 
ahown  a  farther  improTement,  bat  the  importing  and  jobbing 
branehea  have  remained  dall.  California  and  Texaa  jobbers  were 
Ubaral  opatalors  and  inereased  action  waa  observed  on  the  part  of 
tha  Weatam  and  Sontbam  trade— the  latter  baying  more  freely 
than  for  some  time  past  In  acoordaaoe  with  the  improved  outlook 
In  that  section  throagh  the  rise  in  breadatofEL  More  attention 
waa  paid  to  the  examination  of  aatamn  goods  by  the  general  job- 
bing trade  and  |>rioea  ware  eatablished  by  manafacturers'  agenta 
for  oartala  prominent  makrs  of  prints,  cotton  flannels,  blanketa. 
Unsays,  earpets,  felt  skirts,  kc;  which  induced  aome  liberal  pur- 
rhsses  of  the  two  formar  deseriptioaa  of  goods.  There  waa  no 
material  change  In  valaas  of  aithar  eottons  or  woolens,  although 
tbare  waa  ooaaidsrable  pressure  to  sell  some  makes  of  the  tormer 
at  a  eoaessalon  from  prerlous  holding  rates.  The  Langley 
Manufactaring  Company,  of  Sooth  Carolina,  olosed  out  at  aaetion 
In  thia  dty  400  bales  brown  cotton  which  liad  bean  slightly 
damaged  by  Are  aod  water  in  IhMr  warehoaaes.  The  demand  for 
wool  flannels  was  not  ap  to  espaetations,  aad  sales  ot  blankets 
were  eheeked  by  aa  Impending  aaetion  sale  of  600  bales  colored 
blankets,  (maanfaetured  by  the  West  Boylston  Maaafactaring 
Company)  which  will  lake  plaee  next  weak.  Aa  will  be  seen 
bslow  tbsre  waa  a  wall  sastalaad  demand  for  woolen  goods  for 
smb's  wear,  and  an  ImpiOTad  movsmeot  in  repellenV- 

Domanc  Cotton  iHwim.— The  ebief  feature  of  interest  waa 
Iba  opaalag  of  new  dark  prints  by  several  of  the  sgents,  at  the 
following  prisss:  Hadflcand  Uanebeater, 9c,  Hamilton,  American 
aad  Daaaalla  al  S^c.,  at  which  flgarea  some  fair  salea  were  made 
la  Jsbbwa  from  remote  seetioas.  Brown  and  bleached  eottona 
wata  la  fair  demand,  and  further  large  lines  were  closed  out  at 
lower  prices,  including  Indian  Head  brown  sheetings  at  lOc,  and 
King  Philip  bleached  sblrtlngs  at  11^  Prieea  forootton  flannela 
were  ealabllahed  at  a  sbado  below  the  closing  rates  of  last  season, 
aad  Ubeial  aalas  of  low  aod  medium  gradaa  resulted.  Colored 
oottoaa  dragged,  except  eheviota,  (or  which  there  wasaeontlnuoua 
demand.  Rolled  jaooooata  were  further  advanced  to  7c,  but  flat- 
told  cambrics  and  silsalaa  remained  unchanged.  Uraln  bags  were 
fairly  active  and  qulta  ateady  in  jobbera'  banda.  Print  dotha 
rsasalnad  Arm  at  laat  week's  qaotatlona— 5c  lor  standard  04x04 
and  I4e.  far  rziraa.  and  manufaeturera  are  not  anxioas  to  make 
contracts  until  It  is  ssaa  whether  tba  operators  at  Fall  River  will 
submit  toa  Inaction  o(  wagsa  which  la  contemplated  on  the  flrst 
proximo. 

DoMBsnc  WooLKB  GOODS,/— Fancy  caaelmerea  and  saltings 
were  la  good  demand  by  clothiers  and  cloth  jobbers,  and  prices 
of  the  SMat  desirable  stylea  were  fully  mainulned,  while 
thoae  lacking  charaeter  were  weak  and  unsettled.  Worsted 
ooalinga  moved  ateadlly  and  In  liberal  amounts,  and  tbere  was  a 
fair  daaiaad  for  Elysians,  some  mskea  of  which  are  largely  sold 
to  arrive.  Faced  beavers,  &e.,  were  in  slightly  improved  request, 
and  there  waa  condderablo  activity  in  Kentucky  jeans  and  doa- 
aklna,  and  rapellanta  moved  more  freely,  although  at  low  and  un- 
remunerative  prices.  The  demand  for  wool  flannels  Isgged 
bablnd  sxpeetatioas,  and  blankets  remained  quiet.  Hosiery  was  in 
slaady  request,  and  Cardigan  jackeU,  shirts  and  drawers  and 
faaey  boalary  were  distributed  to  a  fair  aggregate  amount.  Prices 
fat  carpets  were  made  by  the  leading  agenta  at  an  advance  upon 
reoent  rates.  Dress  goods,  shawls  and  felt  skirta  were  inaetive. 
and  tinseyt  moved  slowly. 
PoBKioM  Dbt  Goods. — Tbsts  was  no  improvement  in  the  de- 


94 


THE   CHRONICLE. 


[Jnly  24,  1875. 


mand  for  imported  goods  which  oontinued  quite  light.  Staple 
goods  are  firmly  held  in  first  hands,  and  advices  from  the  leading 
Continental  ciarkets  indicate  an  adrancf  on  all-wool  dress  fabrics, 
such  as  cashmeres,  merinos.  &c.,  owing  to  the  continaed  high 
coat  of  fine  wools.  HouselieepiDg  linen  goods  are  firmly  held, 
and  handkerchiefs  have  been  subjected  to  a  alight  advance,  while 
shirting  and  clothing  linens  are  unchanged.  Silks,  velvets,  rib. 
bona,  white  goods,  laces  and  embroideries  were  severally  quiet_ 
and  woolen  goods  remained  dull.  Smallwares  and  trimmings — 
•with  which  out-of-town  jobbers  usually  commence  their  fall  pur- 
chases— were  in  improved  request. 

The  importations  ot  dry  goods  at  this  port  tor  the  week  ending 
July  22,  1875,  and  the  corresponding  weeks  of  1874  and  1878 
have  been  as  follows : 

nrraaaD  roa  oonbumftiom  roa  tub  wbsk  KiiDiHa  jult  3i,  1815. 


Brovrn  SfeiectlDKa  and    ShlrtlUKS. 


Width.  Price. 


. 1878 ,  . 1874 , 

Pkgs.    Valae.  Vken.  Valne. 

■anafaetaresof  wool....l,%0     t673.S1S  1,S«8  (671,476 

do                cotton..  1,868       4».«63  1,153  394,65-1 

do                   silk 868        974.372           &-i9  361.874 

do                 flax 1,007        88:,58»  1,187  254.869 

MitcellaneonB  dr;  goods.   a84       llO.OSl  1,518  131,502 


. 1875 

PkcB  Value, 
1,0«1  {496.584 
296,846 


1,083 
446 
408 
306 


820,014 
116,209 

82,93,S 


5,960  fl,804,378       3..334  $1,312,391 


ToUl   .    4,255*1.768.88) 

WITHPRAWN   raOM  WJLRBHODSK  AND  THHOWN  INTO  THB  MAKKKT  DORINH  THB 
8AHI!  PKRIOD. 

572     $283,740  488  $241,405  444  $310,620 

405        125,889  299  110,309  26R  92.507 

149        150.010  90  76,062  86  89,085 

469        106.943  431  91,639  491  119.183 

65         12,795  67  18,220  1,181  40,061 


Mannfactares  ot  wool  — 
do  cotton . . 

do  silk 

do  Sax 

Mlscellaneona  dry  goods. 


ToUl 1.660     $679,377 

Addent'dtorconsampt'n  4,252    l,768,.'i89 


1,365     $533,835 
5,960     1,804,873 


2,46S     $551,455 
3.334     1,312,391 


Total  thrown  upon  m'k't.  5,912  |2,447,76H      7,.335  t2,.3-J7,203      5.802  $1,863,848 


BNTBRBO  FOB  WABBBOUBIHG  DORINH  SAME  PKHIOD 


Allendale 8-4 

do      9-J 

do      ....10-4 

do      .  ..11-4 

do      ....12-4 

Anclroec'ggIn.»-4 

do         10-4 

Adriatic 36 

Agawam  F...  36 
Alabama.  ...  36 

Albion  A 36 

Atlantic  A...  36 
do  D....  86 
do  H.  . 
do  P. 
do  LL.. 
do  V.  .. 
Appleton  A. 
do  N. 
AOKDCta 

do     A.'.'. 
AmoskeaR.  . 
do 
do 
do 

Boston 36 

do     40 

do     10-4 

do    8-4 

do    9-4 

Broadway.  ...  38 
Bedford  R...  30 

Boott  S 40 

do    W..   .      4R 
do    FF  ....  38 

Uabot  A 36 

Continental  C  86 
Oonestoga  I>.  28 
do  G..  30 
do  S..  33 
do  W.  38 
do  AAA  .. 
Crescent 36 


23 
25 

2T« 
38X 
87>i 
27  J< 


87 
36 
36 
36 
33 
36 
80 
27 
,  86 
45 
49 
60 


Hanof  actnies  of  wool ...  1,173  $524,3.55 

do                cotton..    614  184.874 

do                silk 116  113,!I02 

do                   flax 567  144,195 

MlscsUaneons  dry  goods.     128  21,153 


1,345 

497 

120 

677 

4,088 


$553,548 
161.593 
116.170 
170,541 
41,669 


1,340      $612,749 
645        196,231 


180 
675 
472 


251,891 
157,583 
43,857 


Total 


2.598      $988,478 


Addent'dforconsompfn  4.252     1,76S,889 


6,727  $l,06.'),42O 
5,960      1.804,373 


3,212  $1,161,700 
.■),a34     l,313,H9t 


roUlenteTBdai  the  port  .6,850  $3,756,867     13,687  $3,357,793      6,546  $2,474,091 
We  annex  prices  ol  a  few  articles  ot  domestic  manaficure  : 


do 
do 
do 
do 


Ancona  fancy 

do  specialties 
do  snirtings.. 
American  1  Am  Vy 
do  dk  fancies 
do      gn  &,  ogn 

ruby 

blne&wh 
blue  ft  or 
dblpinic. 
do  cks  &  hr  cds 
do  all  pnks  do 

do     robes 

Anchor  shirts 

Albion  solid 

do     fancy 

do  plain  sidehd 
do  soiling. ... 
do      solid  blck 

do      grey 

do    sn<*pd  plds 
Aliens^  fancies.    ' 


8 


10 
lOX 


8 

8X 
8 
»X 

ex 

SH 

X-6 


do     side  band.7X-8 

do     pink 

do      plnkchks 

and  f  tripe... 

do     shirtings. 

Amoskeag 

do       pnrples 

do       side  bd 

do       pink... 

do        robes . . 

Arnolds  fancies. 

do  specM  styles 

Bristol  fancies... 

do      specialties 

Brighton  snitings 

Berlin  solid  colors 

do    suitinps 

Cent  Pk  Shirtings 

Cocheco  fancy 

do     side  band 

do     robes 

do     pnrples.  . 

do      pinks 

do      shirtings. 

Ooaestoga  fancies 

do       side  bnd 

Dnnnell's  fancy.. 

do      side  bnd 

do      novelt*B. 

do     robes . . . 

do     pinks. . . 

do     shlrtingi 

do      pnrples. 

Eddystone  fancy. 

do       frocks... 

Freeman  fancies  . 


Prints. 

Freeman  rnhy  . . 
...  \  do  Swiss  do... 
7}tf  I  do  specialties 
S  I  do  pluks... 
8)tf  Garner's  fancies. . 
9     I       do      s  de  baud 

do      robes 

do  pinks  . . . 
do  shirtings, 
do     mourniiig 

do      solid 

do      purple  . . , 

Gloucester 

do  mourning, 
do  shirting... 
do  cambrics., 
do  side  band., 
do  solid  blck  . 
Knickerbocker  Ty 

Hamilton 

do  checks  . 
do  h'rcord. 
do  purples . 
do  shirt' gs. 
do  sp'l  styles 
do  blue  and 
green  f'cies 
Harters  grn&ogc. 
do  palm  .. 
do  fancies., 
do  Swiss.... 
do  ruby&bk 
do  cJfcr  pi'ks 
do  c  ft  r  cks 
do      side  bnd. 

Lodi  fancy 

Miners'  shirtings. 

Manchester 

do  robes . 
do  side  hand 
Herrimac  D  fey. 
do  Fpink... 
do  F  purple, 
do  F  checks 
and  (^tripes 
do  side  b'n  1 
do  shirtings 
do       robes .. 

Mallory  pinks 

do  buffg. .  .. 
do  frock.... 
do  h'rcord.. 
do  checks... 
do  purples... 
Oriental  fancy  .. . 
do  sideband 
do      robes.... 


Dwight  X.. 


do 
do 
do 
do 
do 
Exeter  A . 


30 
T....  88 
Z....  36 
ZZ.. 
SMr. 
W  . 


40 
36 
36 
36 


7X 

7X 
lOX 

9 
10 

8 
8 

sa 

10)i 
8X 
9M 
7« 
6X 

isM 

15 

19 

lOX 

12 

S2X 

27X 

30 

8 

7 
10 
13 
11 

9X 
10^ 

8 

8 

9 

lOX 
ISX 
10 

7!i 

8)i 

9 

9ii 
10 

9 

Shi 


Great  Falls  M  36 
do  8  33 

do  B  36 

do  J  36 

Granitevllle . .  36 
do         ..7-a 

Hallowell 36 

do         ..  40 

do         ..88 

HarrieburgA.  86 

do  B.  30 

Indian  Head.  36 

do       ..  ;-8 

do       .    40 

do       ..  48 

Ind'n  Or.RR.  80 

do    NN.  38 

do     BE.  36 

do     AA.  40 

do   DW.  36 

LaconiaO 46 

do     B....  36 
36 


wO  AJt. 

do      ... 

do      ... 

do  ... 
Langiey... 
Laurel  H. 
Lyman  C 

do     E. 

do     T. 


..9-4 
.10-4 
.11-4 


9 
8 

i(,H 
8X 
9X 
8X 

10 

'9Ji 
8X 

10 
9 

14 

18X 
7)i 
8X 
9X 

10X 

lOX 
9X 
9X 
8M 

27M 

.30 


Width.  Price.  Width.  Price. 

Newmarket  A  36         Rx 

do  D  36 

Putnam  AA..  36 
Pepperell —  7-4 
do  ....  8-4 
do  ....  9-4 
dp  ....10-4 
do  ....11-4 
do  ....13-4 
do  E  flne.  39 

do  R 88 

do  O 38 

doN 30 

PeqnotA 36 

do     B 40 

do    9-4 

do    10-4 

Pittsfleld  A.  .  86 

Poca«setCanoe89 

Portemonth  A  38 

Plum  Island..  86 

do        .    89 

SaranacflneO  38 

do       K  36 

do        E  36 

Stark  A 36 

10     I     do    B 36 

8X    Swifi  River..  36 

Suffolk  A 36 

TremontCC.  86 

Dlica 36 

do   heavy..  40 
do   


10 

20 

25 

27X 

30 

35 

40 

lOK 
9X 
8X 
1H 

IIX 

18X 


10 

s 

10X 

ux 

"9K 

12 

lOX 


36 

36 

36 

.  36 


Langdon  GB.4-4 
Lawrence  0 . ,  36 
do  XX  36 
do  LL.  3tt 
do  .J..  36 
do       Y.    36 

Maes.  J 29 

do    E     ...  33 
do    BB.         36 

do    M 40 

do  standard  36 

Maxwell 40 

Medford    ....  36 

Mystic  River.  36 

Nashua  fine  O  .33 

do      R....  .36 

do      E....  36 

do     W  ..    48 

do      9-4 

do      10-4 


lOX 

8 
15 

9X 

lOJi 

8 
11 

9X 

8 

8 

>'X 
10 
10 
15 

9X 


10 

11X 

16 

30X 

35 


do 
do 
do 
do 


46 
,  68 
76 
86 
9« 


do  Non 40 

do  heavy..  .110 

WallhamF...  36 

do      ...  .5-4 

do      ..  ..9-4 

do      ....10-4 

do      ..  .11-4 

Warren  A....  40 

do     AA..  40 

Wachueett ...  38 

do  .    30 

do  ..40 

do  ..48 


Bloacbed  SbeetlnK*  and  Slilrtlngs. 


Amoskeag  A .  36 
do       Z..  3) 


7X 

«)»' 

6X 

ex 

I  ! 

8   I 

8 

9 

9 

9 

7 


«X 
9X 
10 
8 

e 

8 

8X 

9 

9X 

9X 

9X 

8 

9 


8X 

8X 

in 

8« 

rx 

8 

.s 
7 

7  . 

■7X 
8 
8X 

7X1 


9X 


Oriental  purple  . . 

do      ruby 

do  shirtings. 
Paciflc  Mills 

do    side  band. 

Passaic    

Peabody  solid  .  . 

do  side  bnd 
Richmonds  fane's 
do       frocks.. 


9X 
9X 


8 
8 

7X 
9 

9X 
9M 
9X 
10 
9X 


do 
do 
do 
do 


43 

.  46 

6-4 

.10-4 


6X 

'9" 
10 

9 

9 

9X 

9 


8 

9X 

9 

8X 

8X 

8X 

8V 

8X 


9X 


9 

9 

8X 

8X 

8X 

8X 

8X 

9 

8'i 


7 
8 
10 


Androacog'nL  36 
do  AA  86 
do  ...  8-4 
do  ....9-4 
do  ...10-4 
ArkwrightWT36 

Auburn  36 

Allendale 6-4 


do       cords . 

do       ch' cks. 

do       dbl  pnk 

do       purples 

do      Quakers 

do  chocolates 

do       grays... 

do  Ger.  bl  &  r 
Simpson's  sol  bks 

do    bik  ft  wh 

do    sideband 

do    shep  pld:* 

do  silver  i;rey 
Hair-cloth  Chev'ts 
Sprague's  froc's.. 

do      reds  

do      pnrples. 

do      pinks 9 

do      solids 

do      fancies   .        7 

do      chnz  rbs.        9 

do      robes         9-10 

do      blucA  wh 

do      shirtings. 

do      staples.  . 

do      indisnbl. 

do     Ger.  pl'd. 
Southbridge  f'ncy    8-8X 
do       shirting        8 
do      side  bnd       9 
Union  mourning. 

do    side  band . . 

do    Grec'n  grey 

do    solid  black. 

do    shirtings... 

do    shepd  plds. 

Wamsutia 

do       robes  .. 
Washington  Tacy 

do    specialties      .... 

do    d'ble  pink      10 

do    frock  pink       9>^ 

do    doub  purp       i^x 

do    rubies 9X 

do  Swiss  rub.  9)i 
do  flgd  green  9X 
do    side  band.       8 


do 
do 
do 
d. 
do 
do 


.7-4 
..8-4 
..9-4 
.10-4 
.11-4 
.12-4 


Barker's  .Mills. 36 

Bartletts  A...  36 

do     XXX  36 

Ballon  ft  Son.  .36 

do  .33 

do     A  A.  36 

Bates  OS 36 

do  !!B  -36 

Bay  Mills  ....  36 
Blackst'neAA  36 

Boott  B 36 

do    C 

do    E 

do    R 28 

do    8 36 

do    W 42 

do    X  46 

do      10-4 

Boeton 8-4 

do    9-4 

do      10-4 

Chestnnt  Hill. 36 
Crescent  ..   ..86 

do      83 

Cabot 7-8 

do     36 

do  9-8 

do  ..  5-4 

Canoe 27 

Cottag  ..  .  .36 
Chapman  flne  .S6 
do       X.     -- 


13 

14X 

18 

32X 

12 

15 

30 

32X 

37X 

hx 

2'1 

23 

35 

27X 

82>i 

3TX 

a3>, 
11 

13X 

7X 
11 
13 
lOX 
13>i 
10 
10 

'sx 

7X 
9X 
13X 
15 
37X 
37X 
3-3X 
37>,- 

O 

IIX 
lOX 
8X 
10 
13 
14 


16 
15 


11     I  Dwight  SUr..  45 
I       do   carabr.  36 

Elmwood..  ..  36 

Fearless...     .  36         9X 

Frnit  of    the 
Loom 36  12>f-13 


do 

QO 

do 
do 
do 


..  42 

..5-4 

..6-4 

IOCS  36 


33 
.36 
31 

33 


do    camb.  36 
FranklinMfgCo36 
Forestdale  ...  38 
Gem  of  the  Spin- 
dle  86 

Greenville  ex.  38 

Green  G 36 

Gold  Medal. 

do 
Qr't  Palls  Q, 
do       S.. 
do       M. 
do        A..  32 
Hallowell  Q..  36 

Harris 36 

Hill's  8.  Idem  33 
do  36 

do  42 

Howe 36 

Hope 36 

lad.  Orch.AA.  36 

do      H  dw  36 

do  S..  36 

do      OC...  84 

King  Phillip  .  36 

do     camb.  36 

Knight  cambr  36 

Lawrence  8  . .  33 

Litiwood 36 

Laconia 8-4 

do    9-4 

do    10-4 

Langdon 42 

do       46 

do      GB..  36 
Lyman  camb..  36 

Lonsdale 36 

do  Cambric  36 
MasonvlUe...  36 

Maxwell 36 

Meihuen      .27 


Davol 36  13X-14  I  Nashua  E. 

do    48       18     I       do 


Appleton li)f 

Amoskeag  A 1 1>^ 

Aagnita 10)^ 

Boott llx 


Bro-wn    Drills. 

Laconia 11  jf 

Lyman  H 11 

LangleyB -14  \0X 

MassD 11 


Mass.  G 9)^ 

Pepperell llu 

Start  A n 

Suffolk!) 11^ 


Amoskeag       11j< 

Bates llx 

Caledonia 

Glasgow        10J< 

Glenox 

Gloucester 10 

Lancaster Ux 


Domestic   Olngliams. 


Namaske lOX 

Renfrew llx 

Plunkett 11 

Onion 10 

Alamance ViX 

Randalmoc ..      IJf 

BivarBask. 


•las.  T.ong 

Balrd 10 

Belfast 9V 

Shirley  iu 

Wl>lteMfgOo U 

Carleton 15 


do   46 

Dwight  D...  40 
do  AA  36 
do  Star..  36 
do       do  ..  42 


Woodberry    and    Dmid 
Mills  and  Fleetwing. 

No.0 40 

No,l 88 

No.2 86 

No.S    34 

N0.4 32 

N0.6 30 

N0.6  28 

NO.T 3» 


5-4 

30     I       do      9-4 

17  I  do  ..  10-1 
9«  Newmarket  C  86 
11        N.Y.  Mills.... 36 

14     I  Peabody 36 

Cotton  .Sail  Dnck 


18 

20 

25 
16 
16 

ii'x 

lOX 
14 

8 

9X 

1?^ 

8 

9 

9X 

8X 
10 

9X 
12 
14 
lOX 

9X 
13 
15 
11X 
10X 
IIX 

u% 

lOX 

ii" 

27X 

30 

35 

HX 

14 

I4H 

16 

"■2 

16 

12 

16 

8X 
12X 
16K 
33X 
37M 

9X 
16X 


Peoperell 6-4 

do    5-4 

do    T-4 

do    8-4 

do    9-4 

do    10-4 

Pequot 5-4 

do    6-4 

do  ...8-4 

do    9-4 

do     10-4 

Pocasset  Can'  . . 

do         F.  80 

do       FF.  36 

Pride  of  West  36 

Red  Bank....  .36 

do       .  .     33 

Reynolds  AA.  36 

Suffolk  L 36 

Standard 36 

do       83 

SlaU-rville....  36 
do       ....  33 

Social  C 33 

do    L .36 

Sugamore 7-8 

TborndikeB.  .36 

Tuscarora  XX  36 

do       ....  45 

do         ...9-8 

Utica 35 

do  ex  hvy..  36 


do 
do 
do 
do 
do 


5-4 
..6-4 
..8-4 
..9-4 
.10-4 
do    Nonp..   86 

Winona 36 

Waltham  X...  33 

do  ..43 

do       ...6-4 

do       ....8-4 

do         ...9-4 

do  .10-4 

Wamsutta.  .9-8 

do  OXX. 

doOHH 

do 

Wauregan. 

do    camb.  .. 

White  Rock..  36 

Whitinsvllie..  38 

do  33 

We8sac'mc'n.B36 

do         G.33 

Warren  A  A..  «« 

do        B...  36 

Williamsvllle  36 


.  36 

.  36 

,  5-4 

38 


7X 
8 
B 

ISX 
IBX 
28 
»7X 
40 
48X 
47X 
15X 
57H 
12X 
ISX 
26 
«X 

iix 

15 
«X 
8X 

14 

16X 


20 
15 
25 

nx 

30 
35 
20 
25 
30 
35 

iox 

7 

S 
16 

8 

7X 

8X 

8 

MX 
lOX 
10 


9 

6 

9 

14X 
22 
30 
18X 
15X 
35 
27)i 
40 
4iH 
47X 
15X 
14X 

8X 

nx 

25" 

27X 

32)i 

20 

15X 

16X 

•22 

14 

15 

HX 

10 

9 

9X 

9 
15 
11 
14X 


No.  8. 
No.  9. 
No.  10. 


25 
24 
22 


Amoskeag 

Androsoog'n  sal. 
Canoe  River  — 

Clarendon 

Conestogo,  brwn 
Ballowell  Imp. 
de       browa 


10 
12 

S 

8 
IIX 


Light  duck- 
Bear  (S  OE . )  29  in . .  1 
do  heavy  (9 oz.)...  9 
ICoBt.  Ravens  DOIn.  1 
do          401n.  ! 

Corset  Jeans 

I  Ind.  Orch. Imp.. 
I         do        sat.... 

Eearsage,  sat. . . 

Laconia 

Nanmkeag  sat 

Newmarket ... 


Ontario  and  Woodberry 
USA  Standard  25,ii  In. 
do  8  oz.     30 


do 
do 
do 
do 


9oz.  32 

10  uz.  24 

12  oz.  39 

15  oz.  :'8 


Ontario  Twis,  89tn.    21 
do  .36ln.    33 

Ex  twls'*Polhem's' 


12 


I'X 
11 

ISX 
9X 


Pepperell,  bl»a 
do        sat. 

Pequot 

Roekport 

Snflolk 

Hamilton  ..  .. 


nx 

•12 
13X 
10 
10 


July  24,  1876.] 


THE   CHUONIOLE. 


95 


UKNBKAI. 

PRICES  CURkENT. 


Pol..   .  „ 

■UtLOUre  MATBKL41.8- 


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.96 


THE   CHI10NIC5LE. 


[July  21,  1875. 


Commercial  Cards. 

BrinckerhofF,  Turner 
&    Co., 

Itonataetarera  and  Dealers  n 

COTTONSAILDUCK 

And  all  kinda  of 

COTTON  CAHVAS,  FELTING  DUCK,  CAR  COVER 

IHG,  BAOOINU,  ItAVKNS  DUCK,  SAIL  TWINES 

*C.    "ONTAUIO"  8EAMLES8  BAOB, 

"AWNING  8TKIPKS." 

Alao,  AgenU 

finlted  Staces  Buntlns  Company. 

A  full  aapplT  all  Wldtlii  and  colors  always  In  stock. 

N».  109   Dnane   Street. 


E.R.Mudge,Sawyer&Co 

AGENTS    FOB 
iraaltinston  mlla, 

Bnrllnston  ^Vooleu  Co., 
Clllcopee  Mfg;  Co,, 

Ellcrtou  ISew  lUilla, 

Saratoga  Vlctorr  mfg  Co. 

NKW  YORK.  BOSTON. 

43  A  4S  WHITB  STBIIT.  15  CHiUNCKT  ST. 

PHLLADKLPHIA, 

J,  W.  DATTON,  230  Chkstkdt  Stbekt. 


Smith,  Baker  &  Co., 

GOiami  SSI  ON    dIERCHANT»J 

ITokohama  and  Hiogo,    Japan. 

REPRESENTED  BY 

E.    W  .    CORLIES, 

66X    Pine    Street.    New    York. 

JEWELL,HARRISON 
&    COMPANY. 

PI7RE    liARD    PACKED    FOR 
ALL.    CLIHATES. 

PROVi&lON    DEALERS   AND   MANITFACTUBER 

Oi'  LARD  OIL  A    D  STKARINE. 

ESTABLISHED  1841.  NEW  YORK. 


F.  LB.  Mayhew  &  Co., 

140    Front   Street, 

MANUrACrnBEBS  OF 

OlliS— SPERM,  WHALE,  ELEPHANT  &  LARD. 

CANDIiBS— SPERM,  PATENT  SPERM,  PAR- 

AFPINE,  ADAMANTINE,  HOTEL  AND 

RAILROAD. 

For  Erport  and  Home  use. 

PARAFFINE  OILS,  WAX  AND  BEESWAX. 

Wm  Pickhardt&Kuttroft 

I  ni  PORTERS 

AMD 

coiriinissiON  merchants 


CHEMICALS,   COLORS,  DYESTUFFS, 

No.  23  Oeaar  Street,  New  York. 

Branch  Ottices  la  Ftilladelpbta  and  Boaton. 

Am)LF  kVttROFV.  I  Ge'^eral  Partnera 
B&DISCHfi  ANILIN   &  BODA  FABRIK 

Special  Partner 

John  Dwight  &  Co., 

MANtTFACTURERS  OF 
SUPER-CARBONATE 


Railroad  Material,  &c. 


SODA. 


No.  11  Old  Slip,  New  York. 

The  .jODoinK  Trade  ONLY  Supplied 


Olyphant    &  Co., 

COMMISSION    MERCHANTS, 

HoBK  Kong,  Shanghai,    Foochow    * 
Canton,  China 
Represented  bt 
OLYPHANT  &  Co.,  of  China, 

104  WaU  St.,  New  York. 


nANOHESTER 

Locomotive     Works, 

MANUFACTURERS    OF 
IioeomotlTea,    Stationary   Steam   En- 
gines, and  Toole, 

MANCHESTER,    N.  H. 

ARETAS  KLOOO,     W.  C  IflEANS, 

Supc.rinttMuient  Treasurer, 

Manchester,  N.  H.        40  Water  street,  tiustoo. 

Morris,   Tasker  &  Co., 

Paacal  Iron  ^Vorks,  Philadelphia. 
Taeker  Iron  IVorks,  Neivcaatle,  Del. 

HAirorAOTUBEBS  OV 

LAP-WELDED  AMERICAN  CHARCOAL 
IRO]V    BOILER    TUBES, 

WROUGHT  IRON  TUBES  &  FITTINGS 

ot  every  deBcription,  for  Gas,  Steam,  Water  and 

Gil,  Steam  and  Gas  Fitters'  Suppltefe,  Macliinery 

for  Coal  Gas  Worlts,  Cast  Iron  Water 

and  Gas  Pipe. 

IMPROVED  SUGAR  MACHINERY,  Ac,  &c. 

OFFICE  AND  WAREHOUSE  : 

No.  16  GOLD  STREET,  NEIV  YORK. 


THE 

United  States 
Rolling  Stock  Company 

Are  now  prepared  to  Lease 
Lecom  vtivea, 

Pnaaenger  Cars, 

Baggage  Cara, 
tirain  Cars, 

Stock  Cara. 

and  Coal  Cara. 
For  terms  and  Information  apply  to 

JAMES    B.    HODCSKIN, 
General  Manager.  74  &  76  Wall   treet.  New  York. 

Edward   W.  Serrell, 

CIVIL    ENGINEER, 

78    Broadway,    New    York. 


RAILROADS,  BRIDGES     AND     EXPLORATION 

"SEFFELL'S   PATENT    WROUGHT 

IRON   VIADUCTS." 

tV  Particular  attention  given  to  the  examination 
of  Public  Works  for  capitalists  seeking  investment. 


WV.  BOBDBN. 


L.  N.  LOVKLL 


Borden  &   Lovell, 

COMMISSION     MERCHANTS 

70  &  71  TTest  St.,  New  York, 

AGENTS  FOE 

BORDEN    MINING    COMPANY, 

CUMBERLAND   COALS. 
FALL  RIVER  IRON  WORKS  COM'V 

NAILS,  BANDS,  HOOPS  AND  RODS. 

OLD    COLONY  STEAMBOAT    CO.. 

FALL  RIVER  LINE  STEAMERS. 

WALLKILL    LIME    &   CEMENT  CO. 


Railroad  Material  &.c. 

>OHH  a.  KXMITBDT.  HBITBY  H.  BAKBB.  JOBITS.BARHB  - 

J.   S.    Kennedy   6c    Co., 

BANKERS  AND  MERCHANTS, 

41  CEDAR,  COR.  WILLLAM  SI'., 

Neir  York. 

Buy  and  sell  Railroad  Investment  Securities.   Go 
lect  Coupons  and  Dividends.   Negotiate  Loans  and 
draw  Bills  of  Exchange  on  London. 

Agents  of  the 

CAMBRIA    IRON    COMPANY, 

of  JOHNSTOWN,  Pa.,  for  the  sale  of  their  IRON  and 
STEEL  RAILS. 

All  business  relating  to  the  Construction  and  B(intp 
meat  of  Railroads  uniertaken. 

Thos.    J.    Pope  &  Bro., 

393  Pearl  Street,  New  York 

Pig  Iron, 

RAILS,    COPPER, 

SPELTER,    TIN,     LEAU. 

NICKEL.     HISMI'TII,    fcr. 


Publication. 


PHELPS,DODGE  &Co 

CLIFF     STREET, 

Between  John  and  Fulton,  Netv  York. 

IMPORTERS  AND  DEALERS  IN 

Tin   &  Roofing  Plates, 

OF  ALL  SIZES  AND  KINDS. 
PIG    TIN,    RUSSIA     SHEET    IRON, 

CHARCOAL  AND  COMMON  SHEET  IRON, 
LEAD,      SHEET      ZINC,       COPPER 

Spelter,  Solder,  Antimony,  & 

MANUFACTURERS  OF 
COPPER.   BRASS  AND  WIRE. 


"  EVERY  SATDRDAY  "  MERGED   IN    THE 
LIVING  ACE. 

The  moat  eminent  aathora  of 
the  day,  such  as  Prof.  Max 
Mailer,  Prol.  Tyndall, 
Dr.  W.  B.  Carpenter, 
Prof.  Huxley,  Hon.  TV. 
E.  Gladatone,  The  Duke 
of  Argyll.  B.  A.  Proc- 
tor, Jamea  Anthony 
Froude,  C.  Klngaley, 
Mattheiv  Arnold,  Ar- 
hnr  Help*,  Anthony  TroUope,  Mrs. 
Muloch  Misa  Thackeray,  Mra.  OH- 
phant,  William  Black,  Geo,  MacDon- 
ald,  Erckmanu-Chatrlan,  Ivan  Tur- 
gnenleS'  Jean  lugelow,  Alfred  Tenny. 
aon,  Robert  Brow^nlng,  and  many  others 
are  represented  In  the  pages  of 

Littell's  Living  Age. 

Thk  LrnNS  Aqk  has  been  published  for  more  than 
thirty  years,  with  the  warmest  supnorr,  of  the  best 
men  of  the  couDtry.  It  has  admittedly  continued  to 
stand  "  at  the  head  of  Its  class,"  and  its  snccess  Is  now 
greater  than  ever  before,  tt  has  absorbed  its  younger 
competitor,  *  KVEUr  SATURDAV,'  and  is  without 
a  rival  In  its  special  field. 

In  1S75  The  Living  Agb  will  furnish  to  its  readers 
the  productions  of  the  ablest  authors,  above-name* 
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ktmtk 


HUNT'S    MERCHANTS'    MAGAZINE, 

SBPBBSEirrDrO  the   industrial   and  COMMERaAL  INTERESTl    JF  THE  UNTTKD  STATES. 


VOL.  21. 


SATURDAY,  JULY  31,  1875. 


NO.  527. 


C  ONTE  NTS. 


TBI  CBRu5ICUi 


AO*.. 


lotm  Oar  C«m»CT . 


0»M—|iUuu  9l<M- 


L»mtll«—<»ry«m40«»iwr>il 


N« 


■wit  MartuL  0.  •. 
CUv  JBMfciL  jioa(ua    BttakiL 


Ooia  lUrktt. 
RvwTiirk 


THB  BAMKBJtS-  OAnTTB. 

Bukt^  m Id* 

macxalteMOf  9tsck*Mi4Boad*      19 
lBT«ttM«M  Mrf  flute,  Cinr  ud 

-  10* 


na  OOMMBKCIAL,  muB. 


CoUom 
Brmanmt* 


111  I  r>rTO« 
lit    Pric«*Cair 
II* 


in 

118 


$t)e  ^t)toniclf. 


TasOomcaaotAL  AUD  rmiii  iii  rimanmi 

nsat  or  ■vi«cmimo>-PATAm  la  hinuKm, 


■■■■It  *«s  rnuMUL  CaaonMU,  yUfmti  kr  «int«  M  ill* 
•akiottan,  aad  asUad  I*  aU  MkWK 

y*r  O—  T««r  (iMladiM  |  o  m^l •»  t* 

ParMsMaatta. •  I« 


SataertpliM*  vol  to  bo«II«»««  nui  r>r>l««i  miini  ty  «  vHtfM  (riir 
laada^A—       ^*^  —      — 


'  Oraha  or  PyMu08!<-«  Maaax  ONaf*. 
A«v*ttla«iiteaw. 

an   paWUh^'l  M  ■  aMia  9m  Itoa  IW  aack 

»  ■<■■  tr-  -''^nlaTfl<a,ar»a>a,iaaa»litok  a 

H>iwliliii>ailaaw<%  Ha  |mr.  aaaw  pBbUaMi<>a  I«iIh  to* 

flaaaaM  toKl*aii.aada4*aftlarr  ««<art  awirinaaltlaii   la  hi  at 

ItmiiitaaartlaK  aadflaiaitii  ■  <aiipwDM,  aacklaaatSST^ 

■••■4»a  uSaa. 
TtatcainaaMaf  itoOMBoaieu  l«  n  »«,•  AaatUPrian,  OM  BraU 
»<»aa».»toto  III  iBlailii  atalaaaa  at  ihr  faOavlatnlaa: 

Aaatoiaato«lailMiMCtoOki«alel«(tnda«BtpaMac<a  ..  ......  M  la. 

Ma  aaaito*  aMnrfaMaa  ~  I    a>, 

VIL1J4B  a.  B«aa.    I      '    WtJJjiM  ■.  DaWJ'  it  OoV  PatliatiijL 
«aaa  •.  flotd,  jb.  (  T»  and  ll  WUUam  tirMi.  HIW  TOKK. 

Porr  Omca  Bos  4  Ht. 


e^A  a 

eaaUL    Va 


U  faralatod  al  90 
far  Mtoattonai  fl  Ml 


po«ta4(«  ua  ib«  I 


Maaaa 


Aaaa«laia«ala(  ikaOaaaaaaui.  *■•  Vdiakul  Caaa 
la  ditaja  tar  ala  at  Om  tmm.  Alao  aaa  M  of  Mnav-a 
auifc  W  10  Mn.  *Wt9  !>■■  ralaaiw. 


la  ID 
7 


PtandKl 


Tba  fciiavaa  DjpaWiaaat  oT  ik«  raaMnsta  (• 
latinwu  In  N«w  York  City  bj  Mr.  ftad.  W.  JasM. 


r«pfi««at«d  aaonf 


low  TO  IBPOIl  (IB  CrilE<i(T. 
In  accordance  with  the  announeetnent  in  the  C'liaox- 
ICLR,  Uat  week,  a  meeting  wan  held,  on  Wednesdaj,  in 
thia  citj,  bj  a  num)K<r  of  biixineM  men,  in  napport  of 
naaanrefl  to  prevent  further  iiillation  of  paper  money. 
A  delegation  waa  elected  to  procaed  to  the  Convention 
at  Cincinnati,  on  the  '23th  October  next.  In  several 
important  ri«pcct%  that  convention  ia  a  noteworthy 
sign  of  the  timen.  It  ia  to  be  lirld  pamoant  to  a  reaola- 
tion  paaMd  at  a  pablic  meeting  held  last  May,  at  the 
7'obaooo  Exchange,  in  Richmoi.<],  Ya.  The  convention 
ta  to  consiat  of  delcgatva  from  tlie  prominent  bu.Mnesa 
ecotres  of  the  coontryi  Mid  its  o'gcct  is  two-fold:  first, 
to  confer  aboat  maaaurea  to  restore  specie  paymenu; 
and,  scoondly,  to  endeavor  to  correct  the  evils  of  the 
-  ^  avatem.  In  conformity  with  this  call,  a 
Vatlonal  rereniM.^ 


number  of  meetings  are  to  be  called  in  IV>8toa  and  other 
chief  cities,  like  that  held  here  on  Wednesday.  At  this 
meeting  a  number  of  resolutions  were  passed,  a  copy  of 
which  has  been  sent  to  as,  as  follow; : 

Wbrreas,  at  a  pablie  meetlor  held  at  the  Tobacco  Exebaage,  In 
tha  city  of  Kicbmood,  od  lUa  4ih  of  Maj  laat,  a  reaolulion  waa 
adoptad  calling  a  oooTtDtim  ol  delagatea  from  the  promiaanl 
bualoeas  localitias  ol  tba  coontry.  to  asarmble  at  Cincinnati,  on 
tbe  SQtb  of  OeiytMr  n*xi,  to  confer  abont  meaaurea  to  r<«tot« 
sprda  paymeon  and  to  correct  tha  evila  ol  oar  national  revenaa 
ayatrm  ;  ibarvfore, 

ItraoWrd,  Tbat.diaoirdicg  all  party  feellngB,  and  b^Unvlng  tbat 
forrl|[a  and  domratie  commerce  and  all  pmductire  industry  must 
laagaUh  nader  a  currpary  drpreciat«d  and  fluctuating  in  valae, 
and  a  raveaaa  ayalrm  wbicb  i«  uni  qual  in  Ita  bardena,  we  reapond 
totbe  Biehmondcall.  and  tbat  twpoiy-flve  delegates  ba  named 
from  New  York  ty  tbe  ebairman  of  ibia  meeting  to  attend  the 
pmpoard  Cincinnati  ConrrnlioD. 

Saeoed — Tbat  we  luflrxibly  Mt  onr  faeea  against  all  scbemei 
lor  eartaaey  InllatioD  or  any  form  of  paper  cnrrrncy,  greenbacks 
or  otharwiae,  ao  long  aa  tbat  currency  ahall  conaiit  of  irredeem- 
able pronlaM  to  pay  money,  and  we  will  oppoae  any  policy  wbicb 
baa  aot  a  diriet  parpoae  to  aatabliah  tbe  currency  on  a  par  with 
and  kCtoallT  iotercunrrrtibla  with  coin. 

Third— Tbat  we  cordially  eomroeod  to  tha  friends  ol  a  soand 
carraacy  ihroogfaoul  tbe  Unltad  States  tha  proposed  ooaferaiica 
M  Ctadaaail,  and  we  urge  tha  general  appointment  «f  dalagataa 
to  tbaOsBTenilon.  * 

Foarth — Tbat  wblte  we  do  aot  pledge  onraelvea  to  tbe  apeciSe 
meaauraa  brongbl  forward  in  ike  Richmond  Conrentioa,  yet  ihoaa 
meaaarra,  Mag  In  barmooy  with  tbe  general  pnrpoaea  of  tbeM 
raaolalloM^  are  worthy  ol  and  abonld  recatva  Joat  eonsldaiatlon. 

It  ia  impossible  to  read  theae  raaolutions  without 
admiring  the-  intelligent  and  practical  spirit  which 
aniiaatea  them.  The  following  delegation  was  appoint- 
ed to  go  to  Cincinnati  in  October  for  the  pitr]>ose  of 
advocating  them:  F.  K.  Tbarber,  Lloyd  AKpinwall,  S. 
D.  Babcock,  A.  L.  Earle,  George  W.  Clarke,  Frederick 
A.  Cookliag,  George  K.  Sistare,  Parker  Ilandis,  D.  IT, 
Landon,  C.  M.  Fry,  Algernon  S.  .Sullivan,  A.  A.  Low, 
G.  A.  Mcrwin,  Thomas  W.  Kvan^  Percy  Pyne,  John  F. 
Henry,  Wm.  K.  Kinland,  Charles  A.  Dana,  Franklin 
Edson,  Meyer  II.  Meyer,  Clarkson  N.  Potter,  John  T, 
Agnew,  C.  Delamater,  J.  W.  Seligman,  and  li.  S. 
FerrfeeT^flio  delegations  from  noston  and  other  citiea 
have  not,  we  believe,  been  as  yet  elected. 

It  ia  an  easy  task  to  find  fault  with  this  movement. 
One  ready  objection  to  snch  conventions  is  that,  as  has 
often  been  said,  they  seldom  lead  to  much  practical 
good.  We  cannot  Kiibnoribo  to  this  dioparaging  opinion. 
A  .linrrimination  should  be  made.  The  reason  why  such 
meetings  sometimes  fail  is  not  because  they  are  in  their 
nature  unadapted  to  accomplish  good.  On  the  contrary 
they  are  vital  parts  of  modem  civilization;  but,  like  all 
other  instrnmenUl  agencies,  they  require  to  be  well 
managed.  A  Rodman  gun  is  a  powerful  engine  of  war; 
bnt  except  it  be  properly  loaded  and  well  aimed,  what 
it  good  for?  So  ki  it  with  our  conventions,  populat 
aaaemblies,  and  other  means  of  publicity.  They  are  tha 
joost  powerful  and  cfllcieut  engines  of  modern  progress. 


98 


THE   CHRONICLE. 


[July  31    lt75. 


They  are  the  weapons  of  its  war  against  bad  govern- 
naent,  corrupt  officials,  and  mischievous  institutions. 
Bnt  except  the  battery  be  well  manned,  and  its  fire  be 
ooneentrated  and  well  aimed,  we  need  not  wonder  if  its 
fireis  badly  delivered.  Before  any  such  convention  as 
this  can  be  pronounced  nsele.-is,  there  are  two  questions  to 
be  asked, — 1,  what  are  the  objects  at  which  it  aims  ?  and 
2,  does  it  pursue  these  objects  in  the  b.e8t  way  and  by 
the  agency  of  the  right  men?  As  neither  of  these 
inquiries  has  been  fully  answered  by  those  who  find 
fault  with  the  Cincinnati  Currency  Convention,  it  is 
only  fair  to  its  promoters  that  we  should  hold  our 
judgment  in  abeyance  until  their  real  motives,  objects 
and  character  shall  be  more  fully  disclosed,  and  until 
the  delegations  from  other  cities  shall  have  been  chosen. 

We  may  even  go  further.  If  we  read  with  care  the 
resolutions  above  given  we  shall  find  a  strong  presump 
tion  in  favor  of  the  new  movement.  The  New  York 
meeting  has  taken  strong  ground  against  paper  money, 
and  it  vehemently  opposes  currency  inflation.  This  is  a 
significant  fact,  which  at  once  commends  the  movement 
to  the  advocates  of  a  sound  currency  all  over  the  country. 
If  the  other  delegations  from  the  various  sections  of  the 
United  States  receive  similar  credentials  to  those  of  New 
York,  there  is  no  doubt  that  the  Currency  Convention 
next  October,  whether  its  influence  be  less  or  more,  will 
cast  its  vote  into  the  scale  of  hard  money. 

This,  however,  is  not  all.  The  resolutions  before  us 
oppose  all  issues  of  currency  not  redeemable  in  coin  on 
demand.  There  are  a  considerable  number  of  persons 
who  call  themselves  "  hard  money  men,"  but  whose  sole 
title  to  that  honorable  name  is  that  they  oppose  green- 
back issues.  Government  must  not  emit,  they  say,  any 
more  greenback  notes.  As  soon  as  possible  the  green- 
backs outstanding  must  be  withdrawn  and  cancelled. 
But  bank  notes  they  would  emit  in  place  of  the  green- 
backs to  any  extent  and  without  stint.  The  reason  they 
give  is,  that  bank  notes  cannot  be  kept  in  circulation 
beyond  the  wants  of  business,  inasmuch  as  they  invari- 
ably return  to  the  issuers  whenever  they  are  put  out  to 
a  greater  amount  than  is  required.  This  mischievous 
heresy  has  been  so  often  refuted  and  its  sophistry  exposed, 
that  we  shall  not  at  present  waste  time  upon  it.  What  I 
is  important  is,  that  the  resolutions  now  before  us  are 
perfectly  sound  on  this  question.  They  oppose  any  form 
of  paper  currency,  greenbacks  or  bank  notes,  so  long  as 
it  shall  not  be  redeemable  on  demand  in  coin  of  the  law- 
ful standard  of  25  4-5  grains  of  gold  to  the  dollar.  It 
is  gratifying  to  find  such  sound  views  emanating  from  a 
convention  which  had  its  origin  in  Richmond.  It  adds 
another  to  the  long  list  of  proofs  that  the  South  is  not 
so  badly  informed  on  the  currency  question  as  some 
reporters  have  injuriously  represented  it. 

Finally,  we  [may  set  it  down  to  the  credit  of  these 
currency  reformers  that  they  have  a  clear  idea  as  to 
what  inflation  really  is.  Some  of  the  inflationists,  in 
their  eagerness  to  escape  the  opprobrious  name  which 
belongs  to  their  opinions,  have  resorted  to  the  disingenu 
ous  trick  of  defining  "  inflation  "  to  mean  "  bank-credit 
expansion."  In  this  sense  they  say  they  are  not  infla- 
tionists. But  these  men  know  well  that  what  they  are 
accused  of  is  not  that  they  desire  to  legislate  for  "  bank- 
credit  expansion."  The  fault  charged  upon  them 
18  that  they  seek  inflation  of  paper  money,  which  is  a 
very  different  thing.  If,  at  the  bar  of  public  opinion, 
the  inflationists  are  to  be  allowed  to  give  a  new  definition 
of  the  crime  of  which  they  are  charged,  it  will  be  easy 
for  them  to  plead  "  not  guilty."  But  these  new  defini- 
tions have  not  perplexed  or  puzzled  the  currency  re- 1 


formers  whose  labors  we  are  considering.  Thoughtful 
men  will  look  with  some  interest  for  their  further 
proceedings  in  regard  to  the  reform  of  both  the  currency 
and  the  revenue  system  of  this  country.  As  to  the  first  of 
these  points  the  Convention  are  evidently  advocating 
the  true  principles  of  scientific  and  practical  reform 
when  they  oppose  and  protest  against  all  issues  of 
irredeemable  paper  money  of  every  kind. 


THE  FAILURE  OF  DONCAN,  SHERMAN  &  CO. 

The  event  of  the  week  is  the  suspension  of  the  prominent 
firm  of  Duncan,  Sherman  &  Co.,  who  closed  the  doorS 
of  their  banking  house  on  Tuesday  morning.  Except 
in  the  magnitude  of  the  liabilities  the  failure  has  little  to 
distinguish  it  from  other  disasters  of  like  kind  which 
have  befallen  so  many  over-expanded  houses  during  the 
past  two  years  in  England  and  here.  Still  on  that  very 
account  the  event  is  full  of  timely  instruction  and  salu- 
tary warning.  Nearly  a  quarter  of  a  century  ago, 
the  firm  of  Duncan,  Sherman  &  Co.  was  formed.  Its 
partners  were  of  great  reputed  wealth,  and  the  business 
of  the  house  was  conducted  on  conservative,  sound  prin- 
ciples. Hence  its  credit  stood  high  both  at  home  and  in 
England.  Ten  years  since  the  firm  consisted  of  three 
partners;  of  whom  one  died  and  another  retired,  leaving 
the  junior  partner  to  form  a  new  association  under  the 
old  partnership  name.  To  give  the  new  partners  and 
their  enterprise  the  more  prestige,  it  was  announced  that 
the  capital  of  the  concern  would  receive  no  diminution 
from  the  retirement  of  Mr.  Alexander  Duncan.  The 
new  firm  was  also  understood  to  be  backed  by  powerful 
capitalists  in  England. 

For  these  and  other  reasons  which  we  need  not  here 
detail,  the  new  firm,  like  the  old  one,  enjoyed  an  excep- 
tional position  of  credit  in  this  country,  as  is  proved  by 
its  large  resources  and  deposits.  Of  late,  indeed,  there 
were  a  few  bill-brokers  and  dealers  in  foreign  exchange 
who  did  not  deal  as  freely  as  formerly  in  the  credits  of 
the  firm.  But  these  cases  were  few,  and  they  were  not 
talked  about  except  as  a  temporary  subject  of  hyper- 
critical, querulous  gossip  of  no  immediate  significance. 
It  was  generally  known,  however,  that  the  firm  had  suf- 
fered losses,  and  but  for  the  vague  trust,  which  was 
general,  in  the  foreign  connections  of  the  firm,  its  credit 
would  have  no  doubt  suffered  more  than  it  did.  Still 
the  notes  of  the  firm  sold  in  Wall  street  of  late  at 
rates  which  showed  that  its  position  was  not  so  high  as 
it  used  to  be.  Some  of  our  shrewdest  bankers  say  that 
for  as  long  as  five  years  they  have  refused  to  admit 
Duncan  &  Sherman's  paper  into  their  portfolios,  while 
an  eminent  exchange  house  told  us  lately  that  they  had 
for  over  two  years  refused  to  buy  Duncan  &  Sherman's 
foreign  bills  even  at  an  eighth  per  cent  below  the  market. ' 

We  mention  these  tacts  not  so  much  because  of  their 
intrinsic  importance  as  for  the  light  they  throw  upon 
the  conflicting  reports  as  to  the  real  position  of  the 
insolvent  firm  and  of  its  credit  in  Wall  Street.  These 
rumors  say,  on  one  hand,  that  the  failure  was  no  surprise, 
but  had  long  been  expected  ;  and,  on  the  other  hand,  it 
is  affirmed  that  the  insolvents  enjoyed  the  most  unlimited 
credit  up  to  the  very  moment  of  their  failure.  Their 
position  was  somewhat  like  that  of  a  man  on  the  field  of 
battle  who  has  received  his  death  wound,  but  has  still 
the  strength  to  go  on  fighting  for  a  considerable  space 
of  time,  after  which  he  drops  dead  in  an  instant,  and 
falls  just  when  he  seemed  near  to  victory  and  safe  from 
harm. 

As  to  the  immediate  causes  of  the  failure  it  is  prema- 


Jnlj  31.  1875.] 


THE   CHRONICLE 


99 


tare  to  attempt  to  say  much  before  the  preliminary 
report  of  Judge  Shipman  is  officially  pnblished.  Enough, 
however,  is  known  to  justify  the  general  belief  that  the 
catastrophe  was  not  wholly  caused  by  recent  losses.  It 
8  ascribed  chiefly  to  old  losses  whose  pressure  has  been 
growing  more  intolerable  during  several  years  past. 
The  evidence  goes  to  sho  ir  that  up  to  the  critical  period 
of  1867  the  business  of  the  new  firm  had  been  conducted 
on  the  game  principles  of  eantioas  conservatism  which 
had  been  so  conspicuous  in  the  management  of  the  old 
firm.  Soon  after  that  date  »  change  began.  The 
good  banking  securities  which  were  alone  accepted  before 
were  found  too  unprofitable;  others  offering  "  high  inter- 
est with  low  security"  were  preferred,  and  after  a  while 
oolminated  in  heavy  and  repeated  lock-ups  of  capital  in 
unmarketable  investments.  When  the  panic  of  1873 
broke  out,  a  careful  examination  was  made,  and  Duncan, 
Sherman  t  Co.  were  declare<l  to  be  solvent.  This  favor- 
able estimate  was  founded  on  expectations  which  have 
■inoe  failed.  When  the  bouks  of  the  tirm,  with  the 
aoooonts  of  their  speeolations  and  enterprises,  are  fully 
examined,  it  will  probably  be  aeen  that  the  capita!  of 
the  house  was  eaten  up  years  ago  by  the  hungry  enter- 
prises which  it  had  fostereil  .ind  nourished.  Although 
these  parasites  bad  honeycombed  the  fabric  of  credit  and 
capital  and  worn  it  away  to  a  mere  shell,  the  evil,  it  was 
thought,  was  not  hopeless,  ami  further  disasters  might  be 
avoided  if  proper  care  were  taksn,  and  if  adeqoata  rap- 
pliea  of  capital  could  be  procured. 

That  these  expectations  had  in  them  a  basis  of  truth 
is  proved  by  the  long  and  earuest  fight  which  the  firm 
made  against  overwhelming  perils.  The  estimate  was 
faulty,  however,  in  two  rcspectf  First,  it  omitted  to 
take  into  the  aooonat  a  principle  which  a  prudent  man 
o*n  seldom  afford  to  loso  sight  of  in  estimating  the  posi- 
tion of  an  embwTMaed  banking  fna.  If  snch  a  house 
resumes  basioeas  with  the  prcssare  of  old  losses  upon  it, 
which  it  hopes  to  retrieve,  the  danger  is  that  it  may  be 
sedaoed  sooner  or  later  into  bad  buiBeas.  It  will  accept 
risks  for  the  sake  of  extra  profits,  and  will  make  perilou 
ventures  under  the  urgency  of  its  aeed  for  greater  income 
than  is  yielded  by  the  minute  bat  sure  gains  of  legiti- 
mate bankiDg.  Of  Duncan,  Shennao  A  Co.  we  may 
say,  as  of  all  the  bankers  and  of  nearly  all  the  merchants 
who  have  lately  failed,  that  tbej  owe  their  ruin  much 
leas  to  losses  conaeeted  with  thel^kgftiBUto  VosineM  as 
bnaksn,  than  to  the  more  periloM  bnsiDeas  which  they 
were  tempted  into — the  business  of  financing  and  specu- 
lation. In  this  country  the  ooeup«tioa  of  financing 
railroads  or  other  useful  aaterpriass  is  both  honorable  to 
indiTidnsla  and  vitally  inportaat  to  the  community. 
Some  of  our  most  eminent,  upright  and  valnsble  men 
are  engaged  in  this  work,  and  when  any  of  their  num- 
ber eomes  to  grief  a  blow  is  stmok  at  the  most  vital 
productive  forces  of  the  nation.  It  is  a  great  loss  to  the 
oonntry  when  any  of  our  railroad  magnates  by  their 
111  fortune,  bad  calculation  or  malfeasance  bring  dis- 
honor or  discredit  upon  railroad  enterprise.  Imp<irtant, 
however,  as  this  work  of  railroad  extension  undoubt- 
edly is,  it  cannot  be  carried  oat  by  bankers'  cred- 
its or  bj  bankers'  deposits.  Those  funds  are  sacred 
to  Commeroe,  who  is  so  jealous  that  she  never 
fails  to  visit  with  the  severest  marks  of  her  dis- 
pleasure  all  attempts  on  a  great  scale  to  convert 
floating  capital  unduly  into  fixed  forms  of  investment. 
England  learned  this  lesson  at  an  hnintmsn  cost  by  the 
panic  of  1847.  We  have  been  taught  it,  at  less  expense 
perhaps,  but  with  greater  suffering,  in  our  panic  of  1873, 
One  of  the  leiOM  which  that  disaster  had  to  teach  us 


was  repeated  and  confirmed,  on  Tuesday  last,  by  this 
latest  of  our  banking  failures. 

Secondly,  the  other  error  to  which  we  referred  above 
was  founded  upon  the  expected  supply  of  foreign 
capital  in  aid  of  the  insolvents.  Those  sanguine 
persons  who,  in  September,  1873,  calculated  so  con- 
fidently upon  the  possibility  that  foreign  capital  would 
be  forthcoming,  and  that  other  aid  would  be  given,  so 
as  to  extricate  the  firm  from  its  threatening  burdens, 
have  failed  in  their  calculations.  They  probably  under- 
estimated the  weight  which  had  to  be  raised;  they 
certainly  underestimated  the  force  that  could  be  had 
with  which  to  raise  and  sustain  it.  The  illusion  seems 
to  have  been  kept  up  to  the  last.  An  eminent  authority 
is  quoted  as  saying,  "  that  the  insolvent  firm,  up  to  the 
close  of  business  in  Ix>ndon,  on  Tuesday,  had  indulged 
the  hope  that  some  negotiation  there  would  be  com- 
pleted which  would  help  them  throug^i  their  present 
difficulties.  When  this  hope  failed  and  the  business 
day  in  London  closed  without  the  desired  4ielp  being 
rendered,  there  was  nothing  left  but  to  announce  here 
the  catastrophe  which  had  already  occurred  in  London." 

If  these  views  are  sound  and  correct  they  tend  to  dissi. 
pate  the  alarm  which  has  been  expressed  in  some  quarters 
as  to  the  probable  effect  of  the  failure.  In  Wall  street  a 
foolish  attoinpt  was  made  to  get  up  an  excitement  in 
gold  and  stocks ;  and  it  is  said  that  the  speculators  began 
operations  on  Monday  having  surreptitious  information 
as  to  the  impending  catastrophe.  However  this  may  be 
the  incipient  storm  dispersed  itself  almost  immediately, 
and  Wall  street  is  as  quiet  to-day  as  if  nothing  had 
happened.  As  to  the  minor  insolvencies  announced 
during  the  week,  they  have  no  connection  \wlh  the  failure 
of  Duncan,  Sherman  d:  Co.,  whose  larger  creditors, 
though  numerous  and  widely  dispersed,  are  not  likely, 
it  is  said,  to  be  fatally  compromised  by  their  losses 
through  this  firm. 

BDIOPBl!!  COnSUIPTIO^  UP  lUTTOM. 

The  im|>ortance  of  not  overestimating  the  European 
consumption  of  cotton  was  never  more  forcibly  illustrated 
than  at  the  prencnt  time.  Since  1871  our  statistics  on  this 
point  have  differed  widely  from  the  statistical  tables  pre- 
pared at  Liverpool,  though  our  figures  have  been  favored 
by  some  of  the  best  statisticians  of  the  Continent.  The 
greater  part  of  this  difference  was  made  in  the  English 
oonsomption  of  1871 — the  Liverpool  Cotton  Brokers' 
Association,  through  an  error,  underestimating  as  we 
have  always  claimed,  the  "  invisible  stock,"  or  stock  held 
by  spinners  at  that  time,  whereby  the  quantity  actually 
consumed  was  much  oventated.  In  itself  such  an  error 
would  be  unimpprL-int  conid  it  have  been  confined  to  that 
year  only;  but  as  fixing  a  rate  of  weekly  consumption  of 
cotton  ip  Jjp gland  some  three  thousand  bales  per  week 
larger  than  the  actual,  it  has  resulted  in  an  over-esti- 
mate each  succeeding  twelve  months  of  the  actual 
consumption,  producing  disappointment  and  loss  year 
after  year  down  to  the  present  time. 

The  peculiar  sUtistical  facU  of  the  first  half  of  1875 
open  to  us  an  opportunity  to  show  that  our  figures  have 
been  correct;  and  as  they  have  been  the  subject  not  only 
of  proper  criticism  by  other  statisticians  who  dissented 
from  them,  but  of  very  harsh  comments,  unworthy 
imputations,  and  inconsiderate  denials,  by  writers  at 
home  and  abroad,  who  apparently  did  not  understand 
our  tables,  we  return  to  this  topic  of  the  past  once  more, 
that  the  readers  of  the  CnBOMCLE,  interested  in  cotton 
statistics,  may  see  our  figures  fully  justified  and  con- 
firmed.   This  inquiry  seems  to  be  peculiarly  appropriate 


100 


THE  cimoNiciii 


[July  31,  ii  6. 


this  week,  when  we  have   new   illustration  of   the   dis- 
astrous results  of  the  opposite  belief. 

We  will  not  take  the  space  to  reproduce  Beparately 
our  annual  statements  of  European  consumption;  hut 
condense  those  of  the  last  five  years  together,  and  for  all 
Europe,  beginning  with  1870.  Our  statements  of  actual 
consumjitioii  in  those  years  were  severally  as  follows: 


llllet. 
J8TO-Gre»t  BrIUi  n S.748.000 

Continent l,748,d<XI 

18-1— Great  BrlUln 8,905,000 

ContliVnt 2,1M,000 


18T2— Great  Britain. 

Continent 

18T3— Great  Britain. . 

Continent 

1874— Great  Britain.. 

Continent  


3,265,000 
S,.303,000 
3,217.000 
a,  169,000 
3,181,000 
8,239.000 


l,n5i,470,00O 

tae,  760,000 

l,145,4.'i5,0OO 
797,830.000 

1,170,600,000 
831,189,000 

l,a54,375,lK)0 
S06,40S.OOO 

1,250,125,000 
832,000,000 


Toua  baU4. 
4,496,000 
6,069,000 
5,666.000 

5,385,000 
5,420.000 


Total  po«niis. 

1,709,830,000 

1,943,291,000 

a,C01,789,0CO 

8,000,871,000 

2.082,185,000 
9,797,306,000 


Total  consnroption  Ave  years 95,938,000 

Prior  to  Janaiary  1,  1870,  there  was  no  guide  to  an 
estimate  of  the  quantity  of  cotton  held  by  spinner.s 
(beyond  flie  cotton  in  actual  process  of  manufacture, 
which  is  never  counted  in  any  annnal  statistics), 
except  the  estimate  made  at  Liverpocl,  December 
31  in  each  year,  of  the  stock  held  by  English  spinners. 
The  estimate  for  December  31,  1869,  was  80,000  to 
100,000  bales.  Upon  this  our  estimate  of  the  "  invisible 
stock,"  or  stock  held  by  spinners  in  all  Europe  January 
1, 1870,  was  150,000  bales.  It  matters  not  much  whether 
that  estimate  was  correct  or  was  50,000  bales  too  large 
or  too  small.     It  is  only  our  starting  point. 

The  visible  stock,  or  stock  in  ports,  at  the  beginning 

of  1870  and  at  the  end  of  1874  are  undisputed.     These, 

or  very  nearly  these,  figures  are  given  by  all  authorities; 

and  there  is  a  like  agreement  as  to  the  quantity  imported 

during  the  five  years.     Difference  has  existed  only  in 

regard   to   actual   consumption,  and,  consequently,  the 

"  invi-sible  stock."     We  condense  the  figures  of  the  five 

years'  supply  of  cotton  in  Europe  as  follows: 

Hales. 

Stock  Jan.  1,  1370-In  porta  687,000 

Ucld  by  spinners 150.000 

Totaletock 737,000 

Imported  during  Ave  years,  1870-74 26,817.000 

Total  supply 27,554,000 

Actual  consumption  during  the  Ave  years  by  our 
•tatements— see  above 259.38,000 

Cotton  In  Europe  unconsnmed  Dec.  31, 1874 1,616,000 

Of  which  was  visible  or  stock  in  porta 1,084,000 

Invisible  or  stock  held  by  spinners  in  all  Europe 
Dec,31,1874 532,000  168,394,000 

During  these  five  years  many  millions  of  spindles  were 
pnt  in  motion,  more  than  were  running  iu  18G9  and  pre- 
vious "bad"  years,  old  spindles  repaired  and  started  up 
or  new  oaes  built,  under  the  impulse  of  great  profits  that 
followed  upon  the  great  cotton  supply  and  low  prices  of 
1870-1.  Every  ten  thousand  spindles  requires  an  appre- 
ciable quantity  of  cotton  to  clothe  them,  and  every  hun- 
dred looms  a  certain  quantity  of  yarn  wlien  in  operation. 
This  is  "  stock  in  process"  of  manufacture.  The  machin- 
ery in  all  Europe  in  1874  must  have  employed  75,000  to 
100,000  bales  more  of  cotton  in  process  than  was  required 
for  the  machinery  working  in  1869.  Cotton  so  employed 
js  not  yet  a  part  of  the  cotton  consumed  properly  to  be 
accounted  when  stating  tlic  actual  consumption  of  any 
year.  If  from  our  resulting  "  invisible  stock,  December 
31,  1874,"  as  above,  we  deduct  83,000  bales  for  cotton 
in  process,  added  since  the  partially  suspended,  work  of 
1869,  we  have  450,000  bales  as  the  actual  spinners'  stock 
of  available  cotton  in  all  Europe  January  1, 1875 — 250,000 
bales  in  England,  and  200,000  on  the  Continent. 

We  now  bring  forward  the  stocks  on  hand  January  1 
1875,  and  add  the  statistics  for  the  first  half  of  the  our' 


28;j,300,0fl0 
63,000  000 

88C,iOO.OOo 
10,408.200,000 

10,408,200,000 

9  797,306,000 

610,894,OCO 
422,500,000 


rent  year,  using  for  this  purpose  the  estimates  of  current 
consumption  prevailing  at  Liverpool,  not  having  at  this 
time  in  the  year  the  data  for  our  usual  computations  : 

STOCK  IN   ALL   KUBOPE  JANUAKY    1,  1875. 

S<ae».  Pound), 

In  porU  (visible) 1,084,400       4SJ,6O(,r0O 

Held  by  spinners  (invlsibk)  450,iiC0       175,600,000 

ToUl  stock  . January  1 1,634.000       398.000,000 

Imported  la»t  six  months  to  July  1 3,804.800    l,3SO,GO0,fl00 

Total  supply  to  July  1 4,838,800  1,378,000,000 

Estimated  coiisnmption,  26  weeks,  107,500  bales,  or 

41,800,000  lbs.  per  week • 2,795,000  1,087,000,000 

Unconsumed  July  1 2,043,800  791,0O0,0(:O 

Of  which  visible  In  ports 1,524,400  59O,CO0.OO0 

Held  by  spinners  (or  invisible) 619,400  201000,(100 

The  invisible  stock  being  increased  69,400  bales  since 
January  1. 

But  that  was  for  all  P^urope.  The  statistics  for  (ireat 
Britain  .alone,  show  an  increase  iu  the  spinners'  stock  of 
nearly  100,000  bales  during  the  first  three  months  of  the 
year,  and  a  diminution  almost  as  large  during  the  second 
quarter.  Iu  these  quarterly  statements  we  omit  all 
mention  of  invisible  stocks,  except  as  added  to  or  reduced 
during  the  terms,  and  use  only  undisputed  data  and  (for 
the  consumption)  current  Liverpool  estimates: 

Bales.  Pounds. 

S»ock  in  the  ports  of  Great  Britain  January  1,  1875..      783.370  299,040,000 

Import  to  Great  Britain  3  months  to  April  1—1  ssa 
export  for  same  time 1,134.770 


Visible  supply,  ftrst  quarter 1,921,140 

Estimated  consumption   13  weeks,  62,100  bales,  or 

84,350,000  lbs.  per  week ' 807..300 

Unconsumcd  April  1 1,113,840 

The  Ktsii^s  remainder  (stock  in  ports)  was 1,014,680 

Showing  that  there  must,  have  been  added  to  spinners' 

stock  in  these  three  months 99,160 

Again : 

0  Safes. 

Stockln  the  ports  of  Great  Britain  April  1,  1875 1,014,080 

Import  to  Great  Britain  3  mottha  to  July  !— less  ex- 
port in  same  lime. 831,510 

Visible  supply,  second  quarter 1,816,190 

Stock  remaining  In  ports  July  1,  visible 1,133,050 

Leaving    for    consumption    out   of  this   quarter's 

visible  supply 711,140 

Yet  ,'he  actual  consumption  (as  estimated)  was 807,300 

Showing  that  In  these  3  months  spinners'  stocks  were 

reduced  by 96.160 

And  that  as  between  January  1  and  Jnly  1  the  stocks 

held  by  spinners  In  England  were  nearly  the  same, 

or  increased  only 3,000  1,170,000 

Now  what  was  the  "  invisible"  or  spinners'  stock  in 
England  January  1,  18T5  ?  To  answer  this,  we  return  to 
our  old  figures: 

stock  in  GreSt  Britain  Jan.  1,  1875—  Bates.  Foiinds. 

Visible,  In  ports 78(),.370       299,040,000 

Invisible,  held  by  spinners 230,000         93,160,000 


417,6C  0,000 

7411,640,000 

3!5,640,000 
431,000,000 
392.700,000 

38,300,000 

Pounds. 
392,700,100 

324,200,000 

716,900,000 
438,390,000 

27.^.510,000 
315,610,000 

37,130,000 


Total  stock 1,0.36,370       397,200,0(0 

Import  B  months  to  1st  July— Ics*  export  for  same  time  1,966,280       771,800,000 


Tolal  supply  6  months , 3,002,650  1,169,000,000 

Estimated  consumed  aO  weeto,  as  above  1,014,600  631,880,000 

Leaving  unconstimed 1,388,050  5)7,T10,000 

Of  which  was  visible  (In  po[t,ii.lttlyl ...  1,135,030  4a8,.39O,000 

Invisible  or  spinners'  stocks 853,000  99,330,000 

This  253,000  bales  (only  3,000  bales  more  than  on  1st 
January,)  is  equal  to  about  4  weeks'  consumption  for  the 
37^  or  38  millions  of  England's  spinning  spindles.  If 
equally  distributed  among  them,  as  is  hardly  possible,  it 
would  be  a  scanty  supply  when  work  is  running  full.  It 
may  be  that  now  when  business  is  so  unsatisfactory,  and 
lower  prices  are  expected,  that  this  stock  will  be  still 
further  reduced,  and  that  weekly  purchases  may  for  some 
weeks  longer  be  continued  at  a  rate  10,000  or  12,000 
bales  per  week  less  than  the  consumption.  Be  that  as  it 
may,  this  process  has  gone  far  enough  already  to  demon- 
strate that  our  past  figures  of  both  consumption  and 
invisible  stock  were  substantially  right,  and  its  further 
continuance  would  further  confirm  the  fact.  Yet  it 
should  be  remembered  that  spinners  cannot  reduce  their 
stocks  much  lower  without  prejudice  to  their  work,  and 


July  31.  18^5.] 


IHE   CfltlONlCLR 


101 


that  Id.  for  middling  upland  cotton  »l  Liverpool  is  a  low 
price  to  make  on  thv  anlicip-iii'"i,  whicli  may  yet  be  dis- 
appointed, of  a  very  large  cn.i|.  now  growing. 

On  the  other  hand,  it  is  to  l.e  noted  that  while  the 
supply  of  cotton  produced  in  1  !^74  falls  off  most  in  its 
Ankerican  contrihation,  prol.;ibIy  300,000  bales,  the 
visible  supplyof  American  c-oti'm  is  now  1,040,700  bales, 
against  1,010,272  bales  last  yiar,  and  »30,1»S  the  year 
l>efore,  showing  that  its  consumption  has  fallen  off  with 
the  reduction  of  supply,  or  that  the  invisible  stock  carried 
i«ver  from  last  year  consisted  Hirgely  of  American;  the 
latter  8U|>positiua  is  probably  tlie  true  one. 

In  view  of  sni-h  factts  as  these,  we  would  again  im- 
press upon  onr  friends  the  irii]iorlance  of  more  closely 
scrutinizing  figures  of  con8uiii|ition.  It  has  been  too 
much  the  cuxtom  to  confine  ntimtion  to  forecasting  the 
probable  supply,  while  fixing  i-'iisumption  at  about  the 
deliveries  of  the  previous  twchc  mouths.  This  error  is 
the  prime  factor  in  all  the  dL«x><tun  to  the  cotton  trade 
fur  several  yean  past.  Spinners  natarally  stock  up  when 
crops  are  abundant  and  run  on  that  stock  when  the  suit- 
ply  is  short.  This  is  constant Iv  occurring,  so  that  the 
deliveries  furnish  little  iudiLati.>n  of  the  true  cooaamp- 
tion.  We  can  estimate  approximately  tbecoUon  actnally 
used  by  knowing  the  spinning  <';i|iactty  of  each  (x>antrj 
and  in  no  othvr  way.  liut  with  that  fact  as  a  starting 
point,  the  rest  is  comparatively  plain.  Ra{>id  increase 
in  the  use  of  cotton  in  any  countij  ia  impossible.  The 
spindles  must  be  made  and  seu  u  |  •  ti  nl,  and  that  can  be  done 
only  at  about  a  fixed  rate  per  month  and  will  not  be 
done  to  any  extent  when  the  g  is  not  profitable. 

ilenoc,  if  we  see  a  large  crop  ,.....:...  disappearing,  we 
may  reasonably  conclude  that  manaheturera  are  stocking 
up,  and  that,  the  next  year,  wlien  the  supply  is  short, 
and  when  all  those  who  are  looking  at  tlie  short  supply 
alone  are  expecting  prioea  to  go  up^  there  will  be  a  won* 
derfal  "abatcotion"  of  s]>innem  fnm  market,  with 
l>erhaps  atatioaarj  or  lower  valaeUi  It  kt  evident,  t>H>re. 
fore,  that  no  factor  in  the  prohlem  as  to  the  future  of 
prioea  is  more  im|iortant  than  tli>'  "invisible  stock." 


CaUat  moiutaro  anil  <&ominernal  (Siiglifi)  Neaf 


«Ar««»»  •«cHA!«aB  ar  lo^i»»w.  >w»  9m  i.«ni>«b 

AT  LATBST  l>  iTV. 


BZcaASOB  AT  LOKDOX- 
JCLT  IA 


■XOBAHOI  OH  LOITDOII. 


daISl 


AaMarSaa...     *Mt.    IlLISMAtLJSK     JalrIA 

Aatmrp f  t^,|SUS    ,  M.» 

Baabvt HAM    i  isais 

P»«J» *kmt.   WinN.  iSMlK 

Pwta iBoalteSLlft      taw 

ViMMk .  ..      itt.J1Mi  M.mM     .laiftL 

MU, JS.7«       »-0>  -^ 

fnSSmt mr«     w.n    i 

|t.rws>st»     ....    IMS-M  ai7-is 

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USiis ««sy%  I    MM  SIS 


isMaiaASi.«e     r.M 
[    ....    Was  I  «t. 


il«i*rark ..... 
W«4aJMMife 


An«s.. 


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lt.«Jitf«te.SM<f 


•TV 


to  the  result  of  tbe  harvest.  Kveu  ia  esrly  loenlitira  there  are  no 
decided  iadicaliong  of  tbe  eropei  spproachiD<  luaturit.v,  aod  there 
is  reason  lo  fear  that  the  harvest  mu«t.  uoder  any  circamatances, 
be  very  late.  Tbi»,  however,  would  not  be  so  tierioaa  a  matter 
were  there  hopea  of  a  opeedy  change,  but  at  tbe  present  time,  the 
weather  baa  a  very  unsettled  appearance,  aod  it  i«  feared  that  it  will 
remain  so  lor  aome  days  to  come.  In  several  localities  tbe  wheat 
plant  has  been  laid  down  by  the  rain,  and  unless  we  have  some 
l^nial  aunahiny  days  to  restore  its  vi^r  there  must  be  a  consid- 
erable deficiency  in  the  yield  of  c«real  produce.  It  is,  indeed, 
diffiealt  to  perceive  how  it  is  possible  thr.t  the  wheat  crop  in  this 
country  can  now  be  an  aveiaije  one.  At  one  p<-riod,  the  promiae 
was  an  excellent  one,  but  whilst  the  plant  was  in  bloom,  the 
weather  became  unsettled,  so  that  since  the  critical  period  of 
blooming^commeneed,  the  drawlMcks  to]an  averaffe  crop  have  been 
great.  And  not  only  is  the  weather  adverse,  hut  in  consequence  o^ 
taa  keavy  fall  in  the  (|uotationa  last  autumn,  and  to  the  high 
prices  at  which  iMtrley,  oals,  beans  and  peas  were  disposed  of,  the 
acteag e  of  land  under  wh«at  bat  diminished,  while  that  of  spring 
com  has  been  augmented.  There  are,  therefore,  two  reasons  for 
believing  in  a  defirient  crop  of  wheat  in  this  country,  via.,  bad 
weather  anJ  a  redneed  acreage. 

The  adverse  weather  baa  naturally  bad  the  effect  of  producing 
considerable  actlvty  in  the  trade,  both  as  regards  produce  on  the 
spot  and  to  arrive.  The  advaaoe  established  in  prices  liu  been 
eoasiderabls,  vis.,  4a  to  .*>«.  per  qiurter,  while  the  quotation  for 
flour  kas  been  imlsed  3s.  to  7s  per  sack.  The  trade  closes  with  a 
very  Sm  appearance,  anJ  unless  the  weather  rbaagea,  a  further 
advance  )n  the  qaotations  is  inevitable.  In  tbe  Northwest  of 
Prance,  there  bsf  also  been  a  heavy  tall  of  rain,  and  as,  in  conse- 
qiMaee  of  the  unsettled  weather  the  crop  prospects  In  Franee  are 
not  wry  bright.  It  seems  pr-ibable  that  France  will  be  a  competi- 
tor with  as  in  the  foreign  markets. 

If,  however,  we  have  some  floe  weather,  there  will  be  a  large 
yield  of  eattle-feedlog  staffs,  not  only  bxcause  the  crops  look  well, 
bat  also  beesose  an  increased  quantity  of  land  has  been  devoted 
to  their  production.  Tbe  greater  portion  of  the  hay  crop  has, 
however,  bssn  gathered  In  poor  eonditloo,  aod  gnod  dry  (lualllles 
eoinms»<l  high  prices,  but  tbe  pastures  are  luxurlaot,  so  that  there 
Is  an  ample  supply  of  grasi  available  for  the  production  of  beef 
and  mattoe.  Tomlp*,  marigolds  and  all  mots  p^>mise  exceeding, 
ly  well:  hpa<'e  if  we  have  to  pay  more  for  breail,  we  shall  obtain 
nut  only  a  better  supply  of  meat,  but  also  an  improved  quality. 
It  is  aot  probable  that  the  pries  of  meat  wVII  lie  reduced  in  con- 
ssqosBCS,  as  the  eonsumptlon  Is  too  great,  and  Is  4nly  about 
•qalvalsBt  le  tbs  production  ;  bat  had  we  not  had  the  promise  of 
a  lafg*  yield  ol  roots,  It  is  more  than  likely  that  during  the 
aatama  ssoaths  ws  shoald  have  bad  lo  pay  a  still  higher  price 
for  Bsat,  ss  the  farmers  and  graxlers  would  not  have  had  the 
opportaaity  of  sending  their  stock  to  market  quite  matured  aod 
ia  piiaM  eoadlttoo.  Bat  even  for  roots  aod  spring  corn,  flue  sonsy 
wsalkar  la  moeh  wanted.  In  order  to  bring  them  lo  maturity. 

TIm  CsUowtag  flgaras  show  the  inporu  snd  exports  of  cereal 
ptodace  lato  and  from  tbe  Ualtsd  Kingdom  sinoe  harvest,  vis., 
1  to  the  doss  of  last  week,  oompared  with  the 
period  in  the  tbroo  prsvioas  years  : 


ITfoa  ost  owa  eortftfmtmt.} 

lAMDos.  HMatdar.  Jaly  17, 1875. 
Tbo  ssosi  imponaat  news  of  the  we«-k  Is  wlihoat  doubt  the 
■aprafttloasaesB  of  the  weather  ior  ttie  gfowisg  crops  ol  cereal 
pvodaoA  Tossday  wsaaflaa  bright  sumoMr  day,  byt  with  that 
easspUoathsiohsaheaaaaalasost  aocoaiiag  Md  heavy  fall  of 
rata,  aad  thsrs  Is  laeraaslaf  aaxisty  lo  Boaetqasaii  with  regard 


ItTi-A 
.cwt.M.S«.M4 


isn-t. 

LIST 


OaU., 

rsas.. 

Baaaa. 

laSlaa 

near. 


•m  \^ 


Ooia.. 


Mey. 
Oau.... 


•ewi. 


ladlaaOsra, 


t.sii.ni 

I4,<HAUS 
»,1«SJIt 

UJSt 


AM«.<U 

iMSAsn 


int-s. 
t*.>n.s)9 
it,n7,«ss 

10,tlAU0 

i.fST,sn 
Ano,sis 

lAISASSt 

Ani.sn 


itn-s. 

tAI0(,3M 

11.114,186 

ASSAIM 

utjav 

AMI.tM 
IA«S4,««t 


t.'m.m 

sot.«-« 

MAirs 

l^sns 

II7.MS 

iA«n 

I0,9«6 

7,110 

ASM 

A«4 

ISi.sM 

lAaM 

siAses 

IS.MS 

l,ltA»T 

lArss 

108.41S 

A7W 

S.««0 

t7,l« 

8I.07S 


The  avsrage  price  of  English  wheat  is  now  4  it.  4d.  per  quarter  . 
agaiast  SOa  9d.  per  quarter  last  year.  This  Is  for  the  week  ending 
July  10,  so  that  this  week's  advance  Is  not  included  in  it. 

The  salsa  of  Esgllsh  wheat  at  the  principal  markets  of  England' 
althoagb  reported  to  be  small,  are  in  excess  of  last  year,  and  indi- 
cate that  tbe  magoltude  of  last  year's  crop  was  not  over-estimated. 
Aeoordlog  to  the  last  oflidal  return,  tbe  sales  in  the  l.'iO  principal 
marksts  of  EogUnd  for  the  week  ending  July  3,  were  34,007 
qaarters,  sgaiost  43,100  quarters  in  the  preceding  week,  and  20,070 
qoartars  io  the  oorrespondiog  week  of  lost  year.  In  the  whole  of 
the  Klagdom  It  Is  estimated  that  the  sales  were  140,000  quarters, 
sgainst  104,800  quarters  in  1^74,  showing  so  increase  ot  80,700 
quartsTA  Since  harvest  tlie  sales  io  the  1S3  principal  markets  of 
Eaglaad  have  amoouted  to  3,033,310  qiurtsrs,  against  2,(ni7,548 


102 


THE   CHRONICLE. 


[July  81, 1875. 


quarters,  making  the  total  for  the  whole  Kingdom  10,134,000 
quarters,  against  8,390,000  quarters  in  1873-4.  The  average  price 
for  English  wheat  is  now  438.  6d.,  and  the  average  for  the 
season  is  also  438.  6d.  per  quarter.  In  1873-4  the  average  was 
61b.  8d.:  in  1872-3,568.  6d.;  and  In  1371-2,  568.  3d.  per  quarter. 

It  appears  from  the  official  return  that  in  the  month  of  June 
we  imported  8335,539  cwt.  of  wheat  into  the  United  Kingdom,  of 
which  the  United  States  contributed  the  large  quantity  of  2,025,- 
451  cwt  In  the  first  ^ix  months  of  the  year  our  importations 
were  18,986,424  cwt.,of  whichll,099,0a6  cwt.  were  from  the  United 
Sutes,  8,804,880  cwt.  from  Russia,  and  2,029,930  cwt.  from  Ger. 
many.  France  has  sent  a  somewhat  larger  supply,  but  the  above 
are  the  principal  countries  which  have  forwarded  any  considerable 
quantities  of  produce.  Uf  flour  the  imports  in  the  month  were 
824,866  cwt.,  and  in  the  six  months  2,820,698  cwt.  against  3,518,- 
653  cwt.  in  1874.  Of  Barley  the  receipts  have  been  5,660,925  cwt., 
against  4,649,650  cwt.;  of  oats,  5,540,930  cwt.,  against  6,785,821 
cwt.;  of  peas,  890,546  cwt.,  against  719,611  cwt.;  of  beans,  1,606,834 
cwt.,  against  1,218,696  cwt.;  and  of  Indian  corn,  9,657,725  cwt., 
against  8,432,816  cwt.  last  year.  The  estimated  value  of  our  imports 
in  the  first  six  months  of  the  present  and  last  two  years  is  as 
follows : 

1813. 

Wheat JB18,04».660 

Barley 3,340,857 

Obw 2,149i767 

Pea» 295,8dl 

Beans 568,883 

Indlancorn        2,740,600 

Flonr 8.212,559 


1874. 

187K. 

£12,780,5  79 

£9,659,968 

2,323,932 

2,402,220 

2,802,061 

2,501,536 

835,120 

411,133 

564,849 

743,501 

8,694,899 

4,016,736 

3,392,436 

2,196,086 

£25,693,876 

£21,907,180 

Total £24,353,607 

The  supply  of  money  in  the  discount  market  has  been  abundant, 
but  the  downward  movement  in  the  rates  has  received  a  check. 
This  is  due  partly  to  the  adverse  weather  and  to  the  advance  in 
the  price  of  wheat,  and  partly  to  the  fact  that  the  Bank  of  Prussia 
has  raised  its  rate  of  discount  to  5  per  cent.  Germany  has  of  late 
been  losing  gold,  and  endeavors  are  now  being  made  to  attract 
supplies.  This  has  produced  a  little  more  firmness  in  the  money 
market,  althougli  there  are  now  ample  supplies  of  gold  available 
for  meeting  the  requirements  of  the  German  mint.  A  substantial 
advance  in  wheat,  which  must  take  place  unless  the  weather 
changes,  would  have  more  effect  upon  the  movements  of  bullion 
than  the  purchases  of  the  German  Government.  The  supply  of 
commercial  bills  is  very  limited,  and  as  further  failures  have 
taken  place,  any  immediate  increase  in  it  is  not  anticipated.  The 
following  are  the  quotations  for  money  : 

Percent. 

4  months' bank  bills 2%@3 

6  months' bank  bills 3    @3X 

4  and  6  months'  trade  bills.  3}i^ 


Bank  rate 

Open-market  rates : 

SO  and  60  days'  bills. 

Smonths'bllls 


Percent.  | 

3 

2X1 


The  rates  of  interest  allowed  by  the  Joint-stock  banks  and  dis- 
count houses  for  deposits  remain  as  under  : 

,   ,    .    .     ,  .       ,.  Per  cent. 

Joint-stock  banks 2    gj. 

Dlsconntbonsesatcall ...!'...'...!!!!..  2    @ 

Disconnt  houses  with 7  days' notice !...!!.'.  2}i® 

Discount  hoases  with  14  days' notice...   _ .•..'..  2Ji©.i!. 

Annexed  is  a  statement  showing  the  present  position  of  the  Bank 
of  England,  the  Bank  rate  of  discount,  the  price  of  Consols, 
the  average  quotation  for  English  wheat,  the  price  of  Middling 
Upland  cotton,  of  No.  40  Mule  yarn  fair  second  qualitj , 
and  the  Bankers'  Clearing  House  return,  compared  with  the 
four  previous  years  : 


1871. 
Clrcalation,  Including       £ 

bank  post  bills 25.802,192 

Public  deposits 4,930,781 

Other  deposits 27,135,017 

Government  securities.  :5,545,781 

Other  securities 18,256,278 

Reserve   of  notes  and 

coin 16,918,389 

Coin    and  bullion   ic 

.  both  departments....  26,972,139 

Bank-rate 2  p.  c. 

Consols 93J4. 

English  wheat 68a.  «d. 

Mid.  Uplandcotton  9d. 

No.40muleyarnfalr  !d 

quality Is.  2Vd. 

Clearing  House  retnm.122,823,000  135,894,000  183,613,000  111,837,000  101,579^ 

•  Prices  July  8. 

The  following  are  the  rates  of  money  at  the  leading  cities 
abroad : 


1875. 
£ 

28,821,630 
4,079,820 
26,046,214 
15,071,418 
19,165.904 

14,150,000 

27,605,005 

3  p.  c. 

94)i. 

44s.  4i. 

•7>fd. 

Is.  3>^d.     Is.  l«d.        Is.  Sd.        »ll}frt. 


1872. 

1873. 

1874. 

£ 

£ 

£ 

26,612,642 

26,557,891 

27,602.745 

5,740,777 

5,734,935 

3,825,205 

21,488,700 

18,611,878 

19,929,496 

13,385,646 

13,278,154 

14,225,691 

20,780,087 

18,241,179 

17,024,822 

11,498,198 

l;.309,640 

10,833,624 

22.663,433 

22,411,200 

23.047,779 

3X  p.  c. 

4X  p.  c. 

2«  p.  c. 

ny,. 

92X 

92%. 

5S8.  4d. 

69s.  6d. 

60b.  Sd. 

lOd. 

8Xd. 

8  3-16d. 

Bank  Open 
rate,  market, 
per  cent,  per  cent. 
3ii 


Paris 4 

Amsterdam 3)^ 

Hamburg 

Berlin 6 

Frankfort 4 

VlennaandTrieste....  i)i 
Madrid,  Cadiz  and  Bar- 
celona..    6 

Lisbon  and  Oporto..   .  4 

St.  Petersbure 4)i 


3Jtf 

4 

4 

4 

4X 


3>f 


Brussels 

Turin,  Florence 

Rome , 

Bremen 

Leipzig 

Genoa. 


Bank  Open 

rate,  market 
per  cent,  per  cent. 

8  8 
and 

5  4i( 

3H  SM 

....        6  4)i 

S  i)i 


Geneva 3X  8Jf@3V{ 

New  York 4@5 

Calcutta  i)i 

Copenhaiien 6  i^ 


July  3. 

July  17. 

94)i@  .... 

94«®  .... 

107    ©108 

107>»@I08X 

102>iiai03X 
l66if@l67" 

108    ©104 

10H)i@107 

105    ®10« 

105    ©106 

W»i(&106}i 

107    ©107>^ 

...  .@  .... 

.  ...&      .  .  .  . 

103>«@104 

102^^108 

104  mo5 

!04    (^105 

,.,.@  .... 

.  ...1^ 

■■■■§  ■■■■ 

....a  .... 

25    @  35 

25    ©35 

25    ®  85 

25    ©35 

99    ®101 

99    ©101 

99    @101 

99    ©lot 

98    @100 

99    ©101 

9S    @100 

99    ©101 

98    ©100 

99    ©101 

98    @100 

99    ©101 

32    @35 

32    ©  35 

49    ©  51 

49    ©  51 

There  have  again  been  liberal  arrivals  of  gold  and  in  the 
absence  of  an  export  demand,  large  supplies  have  been  sent  into 
the  Bank.  The  following  are  Messrs-  Pixley  &  Abell's  quotations 
for  bullion,  from  their  usual  weekly  circular : — Gold :  Bar  gold, 
778.  9d.  per  oz.  std.;  bar  gold,  fine,  77s.  9d.  per  oz.  std.;  bar  gold, 
refinable,  778.  ltd.  per  oz.  std.;  Spanish  doubloons,  —  per  oz.; 
South  American  doubloons,  —  per  oz.;  United  States  gold  coin,  76s. 
3id.  per  oz.  Silver:  Bar  silver,  fine,  4s.  7  ll-16tl.  per  oz.  std.;  bar 
silver,  containing  5  grains  gold,  4s.  S^d.  per  oz.  std.;  Mexican 
dollars,  48.  6Jd.  per  oz.;  Spanish  dollars  (Carolus),  — per  oz.,  none 
here ;  five  franc  pieces,  —  per  oz. 

Notwithstanding  the  wet  weather  the  stock  markets  have  been 
firm,  and  prices  have,  in  most  instances,  improved.  The  railway 
companies  are  now  declaring  their  dividends.  That  of  the  London 
&  Brighton  company  will  be  at  the  rate  of  2i  per  cent,  against  IJ 
per  cent.  Soutli  Eastern,  3}  against  3^,  and  of  the  Metropolitan, 
8i  percent  airainst  2i  per  cent  for  the  corresponding  period  of  last 
year.  The  closing  prices  of  consols  and  the  principal  American 
securities  at  to-day's  market,  compared  with  those  of  July  3,  are 
subjoined: 

Redm. 

Consols 

United  Stoles,  6s 1881 

Do       5-20years,  6s 1882 

Do       68  1884 

Do       6s 1885 

Do       68 1885 

U.  S.  1867,t371,346,850  iss.  to  Feb.  27,'69,  6s...  .1887 

Do       59 .  1874 

Do  funded,  6s 1881 

Do  10-40,59 1904 

Louisiana,  old,  6s 

Do        new,  68 

Do        levee,  8b 

Do  do    88  1875 

Do  do    6s 

Massachusetts,  6s 1888 

Do  5s 1894 

Do  5s 1900 

Do  SB 1889 

Do  5s 1891 

Do  5s 1891 

Virginia  stock  6»* 

Do  New  funded  68 1905 

•  Bx  6  coupons,  January,  1872,  to  January,  1874,  inclusive. 

The  fifty-fourth  report  of  the  Union  Bank  of  London,  submitted 
and  adopted  at  a  meeting  of  the  shareholders  held  on  Wednes- 
day, shows  that  the  net  profits  for  the  six  months  eu  ling  30th  of 
June  last,  after  payment  of  all  charges,  including  £114,995  128. 
lOd.  for  interest  paid  and  due  to  customers  on  their  current 
and  deposit  accounts,  and  £32,185  Os.  4d.  brought  forward, 
amounted  to  £165,748  9s.  6d.,  and  recommends  the  payment  of  a 
dividend  at  the  rate  of  15  per  cent  per  annum  on  the  paid-up  capi- 
tal, clear  of  income-tax.  This  absorbs  £104,625,  and  leaves  a 
balance  of  £61,123  9s.  6d.,  which,  with  the  sum  of  £38,876  10s.  6d. 
taken  from  the  reserve,  making  £100,000,  the  directors  set  aside 
as  ample  provision  for  bad  and  doubtful  debts  and  to  meet  the 
possible  losses  through  the  heavy  failures  during  the  past  half 
year.  The  amount  due  by  the  Bank  on  current  accounts  and 
deposit  receipts,  including  interest  accrued,  is  £13,921,775  148.  Id., 
while  the  liabilities  on  acceptances  (cover  in  hand  being  £7,101,- 
904)  are  £4,402,218  4s.  lid.  The  loans,  bills  discounted,  &c., 
amount  to  £13,040,419  83.  7d. 

At  the  meeting  on  Thursday  of  the  London  Joint  Stock  Bank 
the  report  stated  that  after  providing  for  rebate  of  interest  and 
crediting  the  "  Guarantee  Fund"  with  £7,724  for  six  months' 
interest,  the  net  profit  amounts  to  £142,002.  Of  this  amount 
£90,000  has  been  appropriated  for  the  payment  of  a  dividend  at 
the  rate  of  15  per  cent  per  annum,  and  there  remains  £52,002  to 
be  carried  forward.  The  amount  of  dishonored  bills,  the  report 
further  stated,  for  which  provision  has  had  to  be  made,  is  £89,076. 
The  "  Guaratee  Fund"  stands  at  £522,713  ;  the  "  amount  due  by 
the  bank  on  current  accounts,  deposit  receipts,  circular  notes,  and 
acceptances"  was  £21,127,493,  and  the  "  bills  discounted,  loans 
and  other  securities"  amounted  to  £19,458,973. 

An  adjourned  meeting  of  bondholders  of  the  Erie  railway  was 
held  at  Cannon  street  Hotel  yesterday,  when  the  following 
resolutions  were  passed : 

1.  That  Sir  Edward  Watkin,  M.  P.,  having  accepted  the 
appointment  of  chairman  of  the  committee,  he  be,  and  is  hereby, 
elected  to  that  office,  and  that  the  following  gentlemen  do  with 
him  constitute  the  committee,  with  power  to  add  to  their  number, 
viz :  Sir  E.  W.  Watkin,  M.  P.,  Chairman ;  Sir  Cecil  Beadon,  K. 
C.  S.  I.;  Mr.  J.  K.  Cross,  M.  P.;  Mr.  B.  Whitworth,  M.  P.;  Mr. 
Westlake,  Q.  C;  Mr.  Henry  Ransom,  Manchester.  2.  That  a 
subscription  be  opened  to  meet  the  expenses  of  half  per  cent  on 
the  bonds,  but  payable  only  out  of  the  first  coupon,  and  that  the 
bondholders  of  all  classes  be  urgently  requested  to  join  in  it,  and 
to  sign  the  form  of  authority  and  subscription'  now  produced,  so 
as  to  secuse  that  unanimity  which  is  so  essential  to  success. 

At  the  meeting  of  shareholders  of  the  Erie  railway  company 


JaljSl,  1876] 


THE   OimONICLE. 


10^ 


held  M  f>iitfK'««  itTtiet  Hotel  on  Jal^  IS,  the  following  reaolations 
were  proposed  and  carried  nnanimouslx,  riz.: 

1.  That  n  eommlttce  be  formed  of  sbareholders  in  the  Erie  rail- 
wa/  eoopany,  for  the  protection  of  their  rights  and  interests,  with 
instmetlons  to  act  as  tar  as  possible  ia  eoaeert  with  the  bondhold- 
ers eommittee,  so  as  to  insore  joint  and  oiiited  action  on  the  part 
of  all  interests.  2.  Tbat  the  eommittee  consist  of  the  following 
gentlemen : — Peter  Mel«gan,  M.  P  ,  Linlithgowshire  ;  J.  il. 
Doaglas,  E^  ,  Capar  File  and  London,  director  of  North  British 
railwar  company  :  W.  Leeming,  G«)..  Eaton  House,  West  Derby, 
near  LiTerpool ;  VV.  Weir,  Em.,  (ilasgow;  George  Smith,  Esq.. 
Melmotb  Lodge.  Ryde,  Ule  ot  Wiglit,  late  director  of  Ureat  West- 
em  railway  of  Canada.  3.  That  the  sbareholdera  be  invited  to 
sabeenbe,  at  the  rate  of  Od.  per  share,  toward*  the  expuusee  ;  and 
that  the  shareholders  be  urged  individually  to  nign,  and  forward 
to  the  eommittee  in  the  coarse  of  the  next  week,  the  form  ot 
authority  and  subscription  now  produced,  as  of  the  most  essential 
importance  to  the  sueeessful  action  of  the  depntatioa  to  America. 

It  was  reported  that  letters  bad  been  iMSived  from  influential 
shareboidwa  in  England  and  Scotland,  holding  very  large  amounts 
ot  PralsiMMe  and  Ordinary  shares,  in  which  they  expressed  their 
eoaeoiTWiee  in  the  principal  object  of  the  meeting,  riz.,  the 
appolDtBMnt  of  a  committee  for  the  protection  of  the  interests  of 
the  shaishiiWws,  to  ad  in  harmony  with  the  bondholders'  com- 
mitte*. 

The  failore  is  announced  of  Meears.  Lambert  Brothers  k  Scott, 
engaged  chiefly  in  the  coal  trade,  with  liabitiliea  aatimated  at 
£800,000  to  £800.000. 

The  Board  o(  Trade  ratona  for  Jane  and  for  the  flrst  six  months 
of  thn  year  hare  baaa  Iwiiit  this  wsf>k,  and  they  show  that  the 
eflaela  of  the  recent  fiUIurea  on  the  trad*  ot  the  country  have  bs«n 
somewhat  setious.  The  returns  for  the  present  iitonlh  will,  no 
donbt.  exhibit  a  still  worse  rssult.  Tha  foUowtng  are  the  leading 
pnnienlars: 


cotton  piece  goods,  oat  oi  43,060380  yards,  29,185,100  yards  were 
forwarded  to  other  coantriee,  »o  that  when  we  bear  in  mind  that 
this  year's  returns  only  include  shipments  on  United  States' 
account,  the  comparison  is  more  tavorable  than  a  cursory  glance 
would  suggest.  The  following  figures  relate  to  the  six  months 
ended  June  30th : 

UTS.  1874. 

8,t40,8SS  8,384.448 

3S9,07S  1.16t.SSt 

10',SSt.TS«        IK.M3.439 

I,«99.15«.tl7    I,7VS,8T9,158 

l,5$i.0ST  I.I71.7W 

15..1M.M4         1S,M0,686 

114,3I0.U3       IOi,f9i,480 


Imporu  of  cotton ewt. 

Exports  of  cotton cwt 

Kxporuot  cotton  j*m Iba. 

Export* of  cotton  piece  good*.. yd*. 

Exporuof  iron  and  *t««I  ton*. 

Export*  of  llnsn  jrarn    lb*. 

Exports  of  linen  piece  ^oods yd* 

ExporU  ot]atem*aar*ctnres...7da.        44.70t,6U        61.V7t,«8S 

BzporU  of  allk  nunnfactares £S1\S13       £I,01S,8S8 

Exportt  of  wool  BriiUh lbs  t,atl),Ml  <4«>,a35 

ExpofU  of  wool,    colonial    and 

foraten lbs.         S«.an,16S        8Mn,0>« 

Rsporta  of  woolen  jam lb*.         I&,«I8.MI>        lS.874,«n 

Bz|iorU  of  woolen  clotli. yd*.         I8,n8,«M         17,9M,070 

Bzport*  of  wonted  •tuff* *d*.       l&%OM.tt(       iaa.llt,MO 

Rxpon*  of  blanket*  and  blaiUMt- 

ln« yds.  I,88B.«U         «.T«7,T8» 

Bxporta  of  flaanais |da.         lLa8a.n8         3.438,«I0 

KzpotU  of  carpets yds.  4,7t7.80U  4,04S,1S7 


8.114.97S 
I.M},6S5 
104,49&,M)0 
1,731,1<W,800 
1,1&6,180 
IS,561,i49 
110,7(C<,0a0 
56,1M,180 
£  841,(00 
ft.194,798 

tfi.«l,51« 
14.81^000 
19,71)7,800 

Mt..ns,?oo 

3.419.  MM 
S,«91,100 
S.t6^00D 


The  following  were  the  qtiantitiesof  cotton  manufactured  piece 
goods  exported  from  the  United  Kingdom  in  June,  compared 
with  the  corresponding  period  in  the  two  preceding  years : 


1873. 

Tsrds  t,ttl,«l0 

4,08^S^O 

1.9H.3S1 

tatraasit 4.SI1.800 

ToPi)na^Asores,SBdlCadelia 6,401,400 

To  Italy 4,4n,aao 

To  Aaafalsa  tacTttorles ^ 


Too«rasar. 
To  HoUaad.. 
To 


im 


WM. 


gnjKi.tu 
irtjmiM* 


isn. 

1.MUI 

laMtun 

giajii,i» 
io»,Ma.aM 


It  follows,  therefor*,  that  the  estimatad  valne  ot  our  Impona 
in  June  waa  about  £9/100,000  le«s  than  la  the  eonespondlag 
moath  of  last  year,  while  tor  the  six  laontha  It  shows  adimlan- 
tion  ot  about  eiJOiflOO  eompared  with  the  same  period  in  1874. 
As  regards  our  exporta,  there  Is  a  decraaaa  ot  about  £1/)00,000  for 
th*  month,  and  ot  £8,OOOjOOO  tor  the  sismonths.  It  is  satiataetory 
to  aotioe,  howerer,  that  the  low  prices  to  which  eertain  articles 
have  fallen,  and  notably  matals,  are  iMwiittng  (he  attention  of 
export  buyers,  an  tneraaaa  la  the  quaafMtx  bal^  tadknlad,  whi<e 
than  la,  at  th*  aam«  tiaM.  *  dlmlnatioo  !■  Ika  satlmalail  Tain*. 
Th*  •zposta  to  th*  Uaitad  Stalaa  duri^  th*  sis  (Montha  hara 
b**n  aa  foUowa : 

ML  tart.  tan, 

Mn,iM 

JH,4« 
■.Mi 


i,«ia.40o 

18.810.900 
13,«48,a00 

uj04.aao 

t,7M.0tl 


T.»Or**B«. 
ToTsikey. 
ToRcypt.. 

lalfB     

To  W««t  Coast  of  Afttaa.. 
To  United  .sutM 

latraaalt 

To  roralgB  Wast  Udl«* M«0.(00 

ToHaiiee a,eai.«o 

ToUaUsd  flIBIas  of  ColoabU  (New 

Oiaasda)    Mtl.tOO 

lanaaslt. a.4«.900 

ToBraaO 111,731.900 

To  Urataay l.mon 

ToAnrnttaeRepabHe M<n.«a 

Tooflii s.iat,aao 

Toftwa a.lMBirO 

TaCUaaaadBaatKaw tl.TTS.M) 

latnaalt. UTaitOO 

ToJspaa l.«as.aoo 

ToJava. 1,800.000 

ToPUIlMiaeUaBd*. aBt,7Da 

ToOlbtaftsr <,M1.*I0 

To  Mai u i.ua.oa> 

To  Br1U>ta  Nortb  Amartea  «,l«i,7MI 

To   Brlttah   WaM   ladU  Uaad*  sad 

Oelaaa^ 1S49.400 

To  Brtdah  ■oe****ton*  la  Soath  Africa.  1.378,900 
TnBr1tl*bladliH- 

Rooibay Mn.OOn 


•  •••  ■••••••cwt. 


1 111.1 

4IL1M 


lrea,tw.  A* 
Ifsa,  fallmad 
Ire*,  beep*,  d 

Iraa.  tla  pills* 

Iraa,ea*(er  ■louslil 
lr>B.eM..      TTTT, 


Apaetal  and  dapa... 
Baaraadals 

offiTT^y^. 

S***?^  P*  ^P— ds^  ."  »*i« U^J*" 

BwlBS*w,r%  psveaWa^  a6......vaHeb 

Baa«BtHfe«7^iinisHi.  ** nlM. 

teas.        MM« 

AbeOarfialss.toaa.  UjB 

loaaL  4MM 

!'!i.'.'!.is^       aS 

^^  ,....,..lsa*.         Wi^S 

IjT  ■•    -;••.•■  ■» ^5^     -     ,_?<fl* 

I  passe  gsoas.... ...........  ,.vd*. 

ssqr.  ..--.  .  - ....  ....wa— ■ 

..  -.wtlQBae^BrtBC^ns^aeMSB 

CT: 

•ukbi 
Mlkrtikee* 


1^  *ss 


urn 

M.ISi 


Total  nnblaacbad  or  bl«aeh«d. . 
Total  prlalsd.  dyea.  or  eolored. 
TstsI  ef  ■tied  sMtstlsIa  eetton 


..in,«o«,a>i 
.  n,Mi,tai 

..  L,m,on 


1874. 
4.808.300 

4.398,431 
8.018,300 
9,000.100 
S,I88,»40 
4,071.900 
988.110 
1,718,700 
18,388,100 
8.873,000 
1,107,100 
AS44.«00 
8,479.480 

U«M0O 

1619.700 
3.617.000 
16,(79,780 
1.388,300 
4,44^BO0 
6.*M,100 
1,681.000 
18411,010 
t,aM,80O 
686  400 
1,1MI,000 

8»>,iao 

tH,»« 

8.«t,«» 

8,078.000 
1.771,010 

10.WI,000 

3,M0,IW 

101,61A«D 

7,7*1,700 

l,Ma.*00 

1,1M,«I0 

i^vt.«ra 

n7.T76,«0 
8144I.617 

871.100 


TstaL *8J41,777 

Othar  manutaetarra  ol  cotton  abow  as  follows 
«i.ia« 


1876. 
S.01!i,800 
4.941,400 
8.»l.800 

• 

6,464.100 
6,988,000 
:.UaL800 
1.706,400 
14,010.800 
7,878,800 

1.117.700 
6,*I7.M» 

• 

8,otn,ion 

1. 167.400 
1,513,800 

ia,m.too 

8SI.100 
1.888,900 
S.47^7aO 
1,10,800 

at,iM,ioo 

■,419,800 
4,964,100 
1,8«,700 
1,1801100 

m,800 

1.171,100 

1,701,100 
1, 719.700 

11.000,700 
t,«7a.7l>0 

ai,n  8,700 

6,108,000 

■ 

8.178.100 
8,888.100 

■M01,<I10 

I8I,71^S0I) 
70,118,400 

801,100 


311,0e8.8«;       1M,78M00 


•.MO 

Mjna 

iH.7«8 


f, 

J,aoi 

100.MO 


^M 


ii.t4a 

87,118 

•i.«m,T)a 
i.onU« 


*4I.  . 
«It,TI8 

IO.M 

4!S^ 


n,l7AW* 
L,MWM 


Owpeua 

It  will  be  ootlesd  that  la  aome  Instaaaaa  a  Intg*  daeraaae  ia 
our  exports  to  the  Cnitsd  Buias  U  p«rai^bl*.  Thlf,  however. 
Is  only  appaiant,  aad  not  real,  ibe  Boaid  of  Trade  having  since 
the  eommaneamant  ot  the  preaeui  Te«r  adopted  a  new  system  of 
raglMratiin,  °oy  which  the  actual  lestinatlon  of  goods  can  now 
ba  aaesrtaiaed  In  tha  flrst  six  months  at  last  year,  oat  of  83,8S1,- 
770  yards  ot  woiilad  stnflb  exported  to  the  Uaited  Stale*, 
4JW,700  yards  wen  la  traaalt  to  other  eonntries.  while  out  of 
1JM.79S  yards  ol  woolen  elotb,  l,2AOJ0O  yards  were  forwarded 
eUafljr  thion^  Kaw  Taik  to  other  deaUnations.     As  regard* 


•  aiase  Jamary,  iwa,  ik*  imlsaallea  of  Ihs  tadlraei  trad*  to  tbess  eeun- 
irtas  be*  basa  dfaesMlaaed.  aad  Iks  asods  sre  a 
ceaaulaaof  alUsMIe  deetfssUon. 

The  imports  and  axporu  ot  gold  and  silver  daring  June  haT* 
I  fol  lows : 


OeM  .. 

•Over. 


taroarr*. 

..«1.8U.ua 
. .     1,481,8*8 


18N. 


TolsJ 


.A»t.7«8 


..«t,in,iu 

8WJ18 


48,888,118 

£1.184.801 
•40#ll 


1871t. 

£4,874.118 

1,136,111 

£5.908.717 

£988,887 
•04,747 

£1,687,414 


Total £1,018,968  £1,776,113 

Anaased  la  a  retnra  showing  the   number  of  bales  of  cotton 

impart«d,  exported,  forwarded  from   ports  >o  inUnd  towns,  and 

retumad  to  ports  during  the  month  and  six  months  ended  80th 

Juaa,  1875  : 

. Inport*.- 

Monlh. 


As 

BnsilUa.      .  , 

ls«t  todtsa... 

SfbesUaaaeas! 

Total...^. 


.  88.898 


.Mo^m 


six  mo*. 

, Kxpocta. . 

Month.           Six  mo*. 

Bale*. 

Bsl«*. 

Bale*. 

i.ai4.ie» 

•,486 

47,780 

178,177 

788 

11,614 

Boo.aM 

86,176 

188,418 

147471 

Ml 

8,988 

18J07 

l.TTO 

11,111 

K118.8H 

4M49 

307.988 

104 


THE  GHBONlCLfe 


[July  31,  18^6. 


Forwarded  from  porn  lo  Forwarded  from  inlaud 

Inland  town*.  towng  to  ports. 

Month.  Six  mot.  Month.        bl\  mot. 

BaU'9.  Bales.  Bales.                Bales. 

American 121, M«  g»4,IW7  718                     4,541 

Brazilian 3S.t«  8«7,651  ....                          40 

Kut  Indian 3»,190  iiiA-M  «l                      3b» 

Eiyptlan 14,07ti  119,789  tiO                       880 

MlMell&neou S,T84  !fci.<iS9  .  .                         98 

Tot»}. :....Mn,OM  1,488,089  867  5,481 

KutfllsU   .tlarKel   Kepurta— Per  Oftble. 

Thednilyoloatagqaotationslnthe  markets  of  London  and  liWer- 
pool  for  the  past  week  have  been  reported  by  cable,  ai  shown  in 
the  following  summary : 

London  Money  and  Htcek  Market. — American  securities  are 
higher  than  they  were  a  week  ago,  10  40s  and  new  fives  touching 
the  highest  point  of  the  year.  The  Bank  rate  has  been  fixed  at 
2^  per  cent. 

The  bullion  in  the  Bank  of  England  has  Increased  £378,000 
during  the  week. 

Sat         Mon.     Tuea.     Wed.        Thnr.        Prl. 

i;<iu8a'Bror  money 9i  7-lS    917-16    94  9-l«    94  9-16    94  ll-lil    94  11-lS 

"      acconnt 9)7-16    94  7-16    919-18    B«  9-16     li  U-16    94  11-16 

O.».'«a(5-S09,)18«S,old..l07Jt        lOTK       107K        107X         t07X         107% 

1867 108W       108V       lO^X        lOSX  l&SX         108X 

D.  8.10-Ma 105>«        105X       105V        105X         106^         loeii 

New  5s „ lOSX       103S'        103;<  ;      lOSJi  104>i         \My, 

Ti>3  q uomioQS  tor  UalleJ  ijtaces  Ss  (loti'j)  at  Frankfort 
were : 

U.  S.  6« (5-S0«)  186J    ...    99  98^  ....  %%% 

Liverpool  UoUon  V'lrkii. — See  special  rciport  of  cotton. 
Liverpool  Bread»tuif»  Market. — The    market   for    breadstuffs, 

excluding  corn,  closes  firm.     Corn  is  dull,  at  a  decline. 

sat.  Mon.  Taee.  Wed.  Thnr.  FrI. 

_                                              a.  d,  s.   d.  a.    d.  e.  d.  a,   d.  e.  d. 

Floor  (Western) ybbl  36    0  26    0  36    0  36    0  36    0  36    0 

WheaKKed  W'n.  »pr).»ctl  10    0  10    0  94  94  94  96 

"      (Red  Winter)....    "      :  

'•      (Cal.  White  club)"    It    4  11    4  10    6  10    6  10    6  ID    8 

Corn  (W.  mixed)  W  qaarter  35    9  35    9  35    0  84    6  84    0  38    9 

Peas(CauadlaQ)..%aaarter  44    0  44    0  44    0  44    0  44    0  44    0 

Liverpool  Provisions  Market. — Cheese,  pork  and  bacon  are 
higher,  while  lard  has  lost  3s. 

Sat."  Mon.  Tnes.  Wed.  Thar.  Frl. 

8.  d.  s.    d.  8.   d.  8.   d.  s.  d.  8.  d. 

Beef  (mess)  new  ^?  tee 65    0  6')    0  65    0  65    0  65    0  63    0 

Pork(me88)  newSbbi...        75    0  76    0  77    0  7T    6  77    6  77    6 

Bacon  (long  cl.  mld.)1P  cwt    5.3    0  54    0  58    0  68    0  53    B  53    6 

Lard  (American)  ...     "         Hi    0  m    0  61    6  61    6  60    0  60    0 

Oheeae(Amer'n  fine)    "         55    0  65    6  56    6  56    6  57    0  57    0 

Liverpool  Produce  Market. — Tallow  and  spirits  turpentine  are 
higher. 

Sat.       Mon.      Taae.      Wed.      Thor.       Kil. 

s.  d.  s,  d,  8.  d.  8.  d.  s.  d.  8.  d. 
Rosin  (common)...  Vcwt..    BO        50         50  (0         50         SO 

„"     (Ine) ■•       18    0       18    0       18    0        18    0        18    0       18    0 

Petroleuin(roflned) ^"a!        9  9  9  9  9  9 

"         (spiilts) "888888 

Tallow( American)... V  cwt.  40  6  40  6  <U)  6  40  6  40  6  41  0 
01over8eed(Am.red)..  "  87  0  37  0  87  0  37  0  87  0  37  0 
Spirits  turpentine "     33    S      33    0       33    0       33    0       33    0       33    0 

London  Produce  and  Oil  Markets.—Uoaeei  cake  has  gained 
IDs.  during  the  week  and  Unseed  Od.  Sperm  oil  has  ruled  £3 
lower  than  last  week. 

Sat.  Mon.        Tnes.        Wed.       Thnr.        Frl. 

,,    „  „       ...  £  »  i-    £».i.   £  ».  d.    £  8.  d.   £   e.  d.   £  s.  d. 

UnB'dc'ke(obl).¥tn  10  15   0  11    0    0    11    0    0    11    0    0    11    0  0    11    0    0 

•  I.lMeed(Oalcatta)....       61    8       61    6        61    6         51    6        516         61    6 

Sagar(No.l3  O'ch  atd) 

onspot.Vcwt..  ..:      33    6       31    6         336         336         386         33    6 

Sperm  oil »  tun.  i)5    0    0    9?  0    0   95    0    0    95    0    0    95    0  0    95    0    0 

Whale  oil ••     34    0    0    34  0    0    34    0    0    34    0    0    34    0  0    34    0    0 

LtQaeedoll....9cwt.        24    3       34    8         34    3         24    3         34  3         34    3 

€loinmercial  aitir  iHisccUaueous  l^ms. 

iMi-ORi-e  AND  BxPOBXS  FOR  THB  Wkbk. — The  Imports  this 
week  show  an  increase  in  dry  goods  and  a  decrease  in  genera] 
merchandise.  The  total  imports  amount  to  $7,001,511  this  week, 
against  16,641,229  last  week,  and  $4,343,501  the  previous  week. 
The  exports  are  $5,793,286  this  week,  against  $5,303,633  last 
week  and  |.5,013,34S  the  previous  week.  The  exports  of  cotton, 
the  past  week  were  5,(517  bales,  against  1,805  bales  last  week. 
The  following  are  the  imports  at  New  York  tor  week  ending  (for 
dry  goods)  July  23,  and  for  the  week  ending  (for  genera)  mer 
cbandise)  July  23 : 

FOBKISK  IMPOBTS   AT  «»W    lOllK  FOB  THB    WZBE. 

_  1873.  1873.  1874.  1875. 

Drjf  goods .%....      *3.6.)5,83!)        t3.76i>.8«         «2,857,793       13,474,091 

General  merchandise...        4,615,663  4,210,839    ■      5,88i,753  4,527,4-20 

ToUl  for  the  week..  t7,331,202  $6,967,706  t8,740,546  *7,C01,6H 
Previously  reported....     244,776.593       2;3,I78,366        330,434,477       191,099,355 

Since  Jan.  1 1251,997,795     t4)0,145,973      1389,175,023    1201,100,766 

Inoarrsportot  thedry  goods  trade  will  be  found  the  importsof 

dry  goods  for  one  week  later. 
The  following  is  aatatement  of  the  exports  {exclusive  of  specie) 

fromthe  portof  New  York  to  foreign  ports, for  the  week  ending 

July  27; 

■  XPOBTS  VBOM  RKW  TOBK  IKJB  THB  WBKB. 

„     .„  ,  1872.  1878.       •  1874.  1875. 

For  the  week 14,374,943        $5,764,333         »6,661,TS8         15,793,386 

Previously  reported 120,003,8.54      157.131,573        163,943,315        138,159,031 

Since  Jan,  1,. $124,3^^'>97    $163,895,896     Cir(K60S,103     $143,963,31> 


The  following  will  show  the  exports  of  specie  from  the  port  of 
New  York  for  the  week  ending  July  24,  1875,  and  since  the 
beginning  of  the  year,  with  a  comparison  for  the  corresponding 
date  in  previous  years; 

July  31— Str.  Algeria Liverpool    .   ..American  gold  coin...  $a.V),000 

Gold  bars 33.000 

American  silver  coin..  650 

Silver  bars.  60,691 

Jiily33— Str.  Cilyof  N.  Y..  .  .Ujvana Silvercoln 6,310 

July  32— Str.  Frlsla Hamburg Silver  bars 99.839 

Parle Silver  bare •..  105,65(1 

London Silvcrbars 31.000 

^fexican  dollsra 20.noo 

Tradedollars 6,no  0 

JalyS4— Schr.  A.  W.  Collins... Porto  Oabello.. American  gold 45.ono 

July  34— Str.  Celtic... Liverpool  Sllverbars 3.i,R.33 

Mexican  dollars 69,016 

July  S4— Str.  City  of  Berlin ....  Liverpool Silver  burs 71.000 

Gold  bars 13,000 

Total  for  the  week $815,879 

Previously  reported 67,067,255 

Total  eince  January  1, 1876 $67,883,184 


Same  time  in— 

1869 $21,294,741 

1868 58.971.B65 

1867 .87,i66,05". 

1886 51,394,597 


Same  time  in- 

1874  $:i2,8W.004 

1878 37..i98,608 

1873 58,1«!,7.'10 

1871 60,937.311 

1870 33,963,0.83 

The  Imports  of  specie  at  this  port  during  the  past  week  have 
been  as  follows: 

July  19— sir.  Atlas Klnftston Gold $1,000 

July  SO -Str.  City  of  Merldan..  Vera  Cruz Gold ...  14,175 

Sliver 13,120 

July22— Str.  City  of  Vera  Cruz.IIavana Gold 97,111 

July32— Str.  Georgia....   ..  ..Havana Gold 75,000 

July24— Str.  South  America. ..St. Thomas. ...Gold  400 

Total  for  the  week  $200,206 

PrevIouelT  reported „ 7,687,147 


Total  since  Jan. 
Same  time  In— 

1S74 $2,735,(174 

1378,... 3,869,261 

1873 5,739,862 

1871 3,348,306 


1   1875 $7,857,353 

Same  time  In— 

1870 $7.3.30,217 

1869 9,787,172 

1868 4,0«.i.0(.6 

1867 1,743,560 


National  Trbasdby. — Tne  following  forms  present  a  sum- 
Dlarv  of  certain  weekly  transactions  at  the  National  Treasury. 

1. — Securities  held  by  the  U.  8.  Treasurer  in  trust  for  National 
Banks  and  balance,  in  the  Treasury: 


Week  For 

endinsr   Circulation. 
July  3. , .  375.73.i,0O0 
July  10. .  375,.3.33,000 
July  17..  375,197,:)«2 
July  24..  874,753,.362 


For  U.S. 
Deoosite. 

1.5,792,300 
15,793,200 
15.792,230 
18,792,200 


Total. 
391,627,2(0 
391,125.200 
390,989.582 
393,546,662 


Coin  cer- 
-Bal.  In  Treasury.—,    tiflcates 
Coin.      Currency,  outst'd'e. 


69,608,526 
68,800.027 
66,928,937 


2,240.471  28,673, fOo 
2,076.405  2:j..809,400 
2,130,758      22,628,800 


3. — National  bank  currency  in  circulation  ;  fractional  currency 
received  from  the  Currency  Bureau  by  U.  S.  Treasurer,  and  dis- 
tributed weekly ;  also  the  amount  of  Jegal  tenders  distnbuted : 

Week  Notes  in  r  -       ~ 

endine  Circulation. 

July  3 349,285,309 

July  10 349,7J6,164 

July  17  .     351,613.724  2.000,000 

July  24 350,7»4.469         3,060,000 

St.  Joseph  &  Denver  City.— Decrees  of  sale  in  foreclosure 
have  been  entered  in  the  case  of  both  the  Eastern  and  Western 
divisions  of  this  road — the  East  division  to  be  sold  November  4, 
and  West  division  November  5, 1875. 


-Fractional  Currency.—,  Leg.  Ten  . 
Received.   Distributed.  Dietrib'd. 
• l,6f  0.000 ' 

1,935,272 


BANKIN&  AND  FINANCIAL. 


COMMERCIAL  WAREHOUSE  COMPANY  OP  NEW  YORK, 

No.   39  WlU-UM  S'TBEET, 

New  Yobk,  July  28, 1875. 
To  the  Editor  qf  The  Chronicle ; 

Sia :  Inasmuch  as  the  merchandise  stored  in  our  warehou'es  amounts  to  over 
four  millions  of  dollars  in  value,  it  Is  perhaps  proper  to  state  that  Ihe  suspen- 
sion of  the  Commercial  Warehouse  Company  in  no  wise  affects  the  value  or 
security  of  the  warehouse  receipts  issued  by  the  Company  for  goods  storeil  iu 
our  warehouse. 

Wm  Tobin,  Superintendent. 


Paul  J.  Armocb,  President. 


TO  CAPITALISTS  AND  INVE.HTORS. 

Parties  desiring  to  make  safe  investments  are  offered 
Texas  lO  per  cent  Bouds, 
Texas  7  per  cent  Gi'ld  Bonds, 
nou'tton  and  Texas  Central  Road, 
First  Mortgage  7  per  ceut  (Jold  Bonds, 

by  WILLIAM  BR  VDY, 
dealer  in 

Texas  Securities, 
23  William  St.,  N.  Y. 


RAILROAD  BONDS.— Whether  yon  wish  to  BUY  or  SEl.U  write  to 

HAflSLBR  *  CO.,  No.  7  Wall  street.  N.  Y. 


STOCKS  ^  _      , 

Dealt  in  at  the  New  York  Stock  Exchange  bought  and  sold  by  ua  on  margin  or 

fivS  per  ceut.  

PRIVILEGES  .V,      -^    , 

Negotiated  at  one  to  two  per  cent  from  market  on  members  of  the  J.ew  Tork 
Exchange  or  refpoiiBible  parties.  Large  sums  have  been  i  ealized  thepusi  80 
days.    Put  or  call  costs  on  100  shares 

$106  25 
Straddles  $2.50  each,  control  200  shares  of  stocl;  for  30  days  without  farther 
risk,  wbile  reany  thousand  dollar? profit  nnv  be  gained     Advice  and  informa- 
Uoii  furntshed.    Pamphlet,  conulning  valuable  statistical  information  and 
.showing  how  Wall  street  operations  are  conducted  sent 

FREE 
To  any  addre*e.    Orilcri)  solicited  by  mail  or  wire  and  promptly  executed  by 
•su    Address,  TUMBRIDGE  &  CO.,  Bankers  and  Brokers 

No.  a  WaU  street  N. 


JqIj  31,  IttiSJ 


THE   CHBONICJLR 


105 


€t]t    8aukerg'    ©luettt. 

ic&Tio:«Ai.  Bi>Ks  oaaiNizso. 

Tha  Uoitod  States  Comptroller  ot  the  Carrencjr  famishes   the 
toUowiox  statement  of  Xacioa&l  Baaks  orKaaixeJ  tbe  past   week: 

t,t%— FInt  NatloBnl  Bank  of  Fre-por'.   PeoDiTlrnuU.    Aathoriaed  capital. 

rlOOO;  paid-in  opi'al.  t-'OOO     Eaunnel  Wenheiin'r.  Pre«ldent;  J. 
Macill.  Carhier.    Antlioriz  d  ?>.  comiuriKv  btalnec*  Jal^  tl,  ItfT;. 
*,nT— Fsrawn'  Karioosl  Bank  of  Prkin.  Illlooi*.    Aalborized  eaplul.  f  90,000; 

paM-in  capiul.  tai>,00(.    Joosrliin  >I«rri<m,  Pr»ld«Di :  A.  B.  Bobllt. 

Cuhim.    Aathorixad  o  commeu.  •  biuia.M  Jnlj  Si,  1875 
t,M    apenccr  Xitianal  Bank,  Spcocrr.  MaaackoietU.    Anthorixed  caplul, 

•l«0,aaS;  Mid-ln  caplf«i.  fivxi     KnMa*  Joaea,  Hrasident;  W.  L. 

Dcaead.  Owhier.     fliiihirin  il  i    ini— niirs  limlTr  i  Filr*'  "T* 
2,K*— IfMropoUtaa   Na'iaaal  Baok  uf  Bostoo.  XaMBchawti*.    Aolborisad 

capiol,   tafle.OOO:  paid-in   caiiiMi,   ^it.M<.    Speo&r  W.  RicbntU. 

Prr«ld«nt :  8.  D.  Lortnf .  Oa*hWr.    Astburizad  to  o 

jnir  r;  iem. 

BIVIDBIfSN. 

Tha  roUowlac  DIrldaads  bar*  raeaatlr  b««a  aanoBRcad : 


OamrtMr. 


Onnr. 


Ral  rMsda. 
Cadar  B*plda  A  Mo.  Klrer.  pr«f. . 


Kortk  PmafjlTtolt 

■•■ks. 

CMb  BKhaaiia  . . .  . 

laaBraaa*. 


iquir) 


• 


OakkaraPira.... 

l>l.XlckolB« 

Mlaral  ■•■*•■■. 
Iowa  Haliroad  I^ad  Co.  (qaaf.) 


1 

a 


w 


Waa>  I  Hook*  OuMan. 
P'aBLC  (Dsjrs  Icdiitir*.) 


A.,. 

Abk. 
Aoc- 

Aog. 

Aac. 
Anr 
Aac- 

Aoc. 


t  Jalr  « to  Aax.  1 


nuuT.  Jair  an.  utv-«  p.  u. 
Tka  ■•■ar    Harkal    and    Flaaaelal   kltaaUoa. — The 

OTenhadowiog  araot  of  tbe  we«k  wm  the  failara  of  Measn. 
I>nDC«i>.  Bhannan  *  Ca  The  anaoaaesiiiMit  at  1 1  80  o'clock  oo 
Tocadaj  morotog  that  this  promintst  baakiog  hoasa  bad  •«•- 
peadad  took  the  siMat  oompleieljr  kf  sarprlse,  and  for  a  short 
time  there  was  so  apprabeosloa  ot  faaie  similar  to  that  which 
prcTailed  00  the  failoie  of  J»j  I'o'ika  ft  Co.  In  September,  lAi3. 
llie  alarm  was  rtry  brief,  howerrr,  ••  It  required  but  a  sroond 
thoofht  to  eoorince  aoj  ooe  tLat  thai*  was  not  th«  stlsbtcst 
•aal^KT'  batwiaa  the  present  financial  sttaatioa  and  that  which 
aztstad  lo  September,  18T8,  and  that  ao  failure  of  a  single  firm 
now,  however  promlaeat  tbe  firm  mlgfct  be,  coald  poaslbljr  be 
attondad  wiin  soch  widespread  disastar  aa  Immadiatalj  (ollowad 
the  first  failarca  in  the  paste  of  that  fsar.  Mamj  ea  call  Is  now 
3  per  cent,  per  anoam,  with  milhons  ofCrrini;^  money  then  was 


Twentiee.  those  of  18G4,  there  were  |54,993,800  ontstanding  July 
I,  1!J75,  so  ihat  llie  balance  of  new  Fives  would  come  near  to 
extiaguialiin);  iLat  iasne, 
Oloaing  prices  dailr  hsTe  been  as  follows : 

July    Jaly    July    July    Jaly    July 
^  ,-,„  Int.  period.      M         id.        27.        S8.         89.       80. 

S'JSS reg.. Jan.*  July.  •!18«':'8V«I19«    140     •n9K    IM 

iM2,V-:ili eonp..Jaii.*Jnly.»li9X*:«)j. 'liOX    m       uo       WH 

••.**)«,WW reg.  .May  *  Not.       

«a,»M;a.lM«....coop..May  A  Not.  •113]<*IU     'US     'lisw      ... 

Jj*-*S».J8M reg..May*NoT •115X    117       116^    11«     •liBV 

*•, S-W«,  18H coup. .May*  Not.  'IISX  •115X»11«K  'in     •lisv'nsv' 

I5*"2>'** re({..May*HoT 'inv    USX    '-I8>f  TS       118H' 

•a, 9-*)'a, ua» ooap..MayA  Not.    JI7i<  •;i8J<  •113       IJO     'IIQ     «116 

!^»fU».WM.»-.i-.'««..J«l-*JnlT     117     •in«ni»>,-    li8J<»118H«118>f 
<«,»-10'a,18Hn.i,eoap..Jan.*Jal7.*:nK    USX    119       119       118X    118« 

••,640-a,ISR rex.Jan.  AJsly 119« 'WX    119)4  •119X 

fs,»4irB,lMI....Coop..Jan.  AJnIy.'liS       ISO       !*>>< 'ISOX    l»0)j    '.SOX 

•s,»4ira,l8tS rer..Jan.  A  July 'imx  •II»\    ItUj*  ••"'X  •USX 

•s.k-Wa.lMS coup  .Jan.  *  July.    11»X    ll'JX  •1*'X  "-»><  •119V    UO 

Ss.lOMfa r«g.  Mar.  *8ept.'ll&V*l°-7       117>i    117       llfX 'IIBV 

Sa,l(MO'a coQp..ll«r.*8ept.»llSX  'llfX    H'S  'inx 'llf'Jt  •I16X 

Ss.  fanded.  1881 rt«    ..QuartarTy. 'lU     *113;i    llSX  •I16X 'IKX    11» 

Sa.fanded.IlMI,  ..eoap....Qaartcrly.    IWX    118     *1I6X    117       116V    116X 
««,Cn«r«aeT recJan.* July 'ItlX    mx    l^H    1<3       I«X 

■ThUUtbe  price  bid  :  no  aalt  waa  mada  at  tbe  Board, 

Ths  range  in  prices  liow  Jan.  1,  and  tbe  amount  of  each  clan 
of  bonds  ouMtandiog  July  1, 1875,  were  as  follows: 

. — Ranic*  alBce  Tan.  1. — .  > — Amonnt  July  l.~ < 

Loweav.         Utftbaet      Realatered.  Coupon. 

118     Jan.    S  liS'iMay  Mtin,SSS,890        t 

::3XJ*a.     S  l}«X  Jnnaa            89.407.600 

lUXJaa.    tllSXApr.  IS            M.SSO  M,810,U0 

116     Jaa.  II  Itl     Apr.  (7      t«.S01.S00  ti,«8I.M)0 

!17X  Jaly  U  IHV  Jane  18     SS.7M,oaO  118,74t.aS0 

ll7XJan.     8  1*4),' June  17      U.l«8.iU0  I44,6M.460 

llSXJaa.    »  lt.V<i  JnneK      e8.6M,7B0  t>1.9«7O0O 

118    Jaa.    9:fSSJanel8      :4.185,&U)  U,t88,6lO 
IMXMeb.   ftlt8xJanal8    141,a01,6M 


Je.ian re« 

■S.18U coap 

le.MO's.ltn. coup 

Is,  MIPS,  ISM coap 

(«.»-»'i.l8« coup 

ts,  5-Ws,  18U,  new.conp, 

(s.»-Ws,UST coup 

•s,ft.Ws,t8<8 coup 

U.19^V» reg. 

Ss.lO-Mra coop..  lUXMeh.  4 

Ss.fondad.  1881 coop..  1I8X  Jan.    i 

la.CarreaCT rcc.  117X  Jan.    4 


llvXJnne  7  St.9e4.7&0 
119  Janets  804.688,500  107.638,950 
iMXApr.  M     84.6t3,51(  


CTIoalair  prices  of  seenritiea  in  London  have  been  as  follows: 

July 
16. 

Jjly 

Jaly 
80. 

, Since  Jan.  1.  19J5,  — , 

Lowest.          BlRhest.C 

a8.ls.8-«ira.l«t,«ld.. 
a.a.8«,Mira.tan 

0.»,ta.ia-«fa  

««w»a _ 

I05X      I08X 
lOSX  '  104K 

105V  Apr.  tt    :08X  Apr,    8 
10)IXJnnel8    109X  May     5 
KHX  Feb.  18|  10«V  Jaly  18 
lut     Apr.  la   IMK  Jaly  W 

Mate  aB«  BeUroa«  BeBda.-T0noeaiiee  bonds  continue  to  be 
well  maintaiaad  and  parcbases  lor  Baltimora  account  have  been 
quite  liberal.  Despatches  tOMlay  from  Louisiana  say  that  the  Su- 
preme Court  of  the  State  baa  held  tlie  three  million  and  four 
million  Issues  of  leTee  bonds  eonstitutional,  and  ordered  their 
fnadlof.  bot  decided  aitatnst  tbe  one  million  Issue, 

Bailfvad  bonis  hare  been   tolerabiT  active,  and   sereral   Issnes 


kaTe  sol  J   at   kiKher  prices.    The   Northwest   consolidated   (told 

quoted  aoyabere  from  7  per  crnt   ^  .Id  per  annum  to  'l    pet  eaot- 1 }»<»<'•  »»f'?  •!'.°'"'  «•"  •""•*  advance  and  sold  t»day  at  88J;  other 

_.,   j,._    ._.    .,_ ,.   .     .      ,     ,     .  ,  ,  ,  Issoeaof  the  Noriliw'Bt  Company  and  also   of   the  St.  Paul   road 

per  diem/  aad  diBcnlt   to  be  Liad  at  aoy  prier.     It  waa  Imrae- 

dialrly  eoadadad  that  tbe  failure  of  Messrs.  Duncan, 8U«rman  * 
Cn.  mast  have  attaaa  from  special  eawsa.aad  It  was  snppoaed, 
(•a  pfOTsa  to  ba  tba  fsct  so  far  aa  laforwatloo  can  yet  be  ob- 
tained), tbat  the  larga  operation*  ol  tka  firm  la  eottoe  bad  be<m 
the  principal  eaose  o<  their  dlsaatpr.  Tha  hooas  eoJ'>ys  aa  eieep- 
tlooa;iy  bluh  reputation  for  booorabladsaUa^,  and  tha  fact  that 
tbey  dctermlacd  to  suspend  Immrdiaialy  laataad  of  sbaalair  their 
good  credit  by  obtaialag  fartb-r  loaas,  oadar  eoaaaalawot  of 
their  traa  pcaltloa,  U  qolu  fsTi>rably  oomiaaatsd  on. 

Tha  tiicesy  market  waa  temporarily  dMarbed  by  the  eveoU 
abOTo  rsfartwd  to,  and  eall  loans  wera  qaotad  for  a  short  tiOM  oa 
Taaadsy  at  496  par  esot ;  tb«ae  ratea,  bowvrer,  bad  no  si|calfi- 
eaaee,  and  Immrdlateiy  fell  oA  to  SgS  per  eonl.,  and  today  the 
old  price  ot  11««3  per  era t.  la  f  rxely  qaol^d.  Prima  eomoianial 
paper  baa  oot  bcea  aOMtad  aad  la  in  food  iliiwnd  at  4  to  44  per 
e»ot. 

Oo  Tburaday  tba  Bank  ol  Entclanl  radaesd  lis  rate  to  3)  per 
eaat.,  and  ahnwrd  a  rain  In  bailioo  Csr  thewoek  of  £277,5SL  Tba 
Bank  of  France  Kalnad  I,3t8,0ii0  fraaaala  ep>«ia  for  the  wwk. 

Tba  laM  werkly  sUtem »  York  (.Ity  CI«anng 

HoaosBaaka,  iuued  July  31.  reaae  of  $I.(4S.1KI0  in 

above  their  98  p>-r  cvat.  legal  re««-rT>-,  tbf  whole  of 
being  |9B,S0a^4SO,  SKalaal  |S8,038A>0,  tbe  previous 


Company  i 

tliave  bawn  stmnir.     Tlip  first  drawing  of  one  per  cent.    ^$144,000) 
ot  tne  Union  Pacific  ainkinir  fond  bonds  took  place  at  Boston  this 

wsek.aod  the  tollowing  q.nmber8  were  drawn  which  will  bs  re- 

deemed  at  par  Sept.  I,  vix.: 
4J08    I.Kl    5.888    8.110    5.«ll  lt.Clt    4.StS       410    9,Stl  'A760    IJNO  18,188 

lljfti  18,084  8.445  119  5.*n|  4.484  7.t44  1.7S0  ll.Mt  8,804  ll.il4  14  TOT 
8.890    t,«44       841    8,881  lO.n    8,110    t.«74    •.446    1,489  11,M(    8.440    6,784 

ttJK*  MLta  U,14S  S.0  1  t.l.Vi  t.4l8  ll,9H  lll«»  T.<16  4,«-t  7,101  11,888 
l.»a  1^888  1,18.1  8.914  1,170  8,«tl  MIM  l.a»7  I0.8n  1.149  4,438  4,680 
1.001  «,7n  ^»l  B,M8  7.411  7,a81  10,541  tam  S,t30  in,.«l  9511  1,408 
MIS    t,etl    •,«>    l,t78    8411    <L470    8,604  11,5*1  Il,i;i<    1,6I9    7,980    8,84d 

m.VVI    7.«n    1«M    8,818  IMS    Ml8  1l,7W       904       7'«4  11.908    8,3<7    MTS 

11.588  11,^«  14,aM    8J6S    8.188  11.111  18.188  14,011    8,M1  U,«8  11,787    T,481 

a.4B    8J8a  18,181    1410    •.8il  It,8m  11.711    4.041    9.1*4    816)       881    4.910 

8,tM  144*8    5481    84  7    t.OEU       8M    7468  18.«»4    4,187  1P,808    l.OSI    8488 

817    I.U8  II.Cl       08    1.7«5    1,118    8,870    8,814    8,717  l8,Ut    8,197    ■4M 

Dally  eloalair  prices  of  a  tew  leading  bonds,  and  the  range 
8lB0e  Jan.  1 ,  have  been  as  follows: 


tba  exi 
soak  ax< 
week. 

Tb->  fotlowloir  t<ble  show*  tli"  cbaogas  frotk  the  prevlons  week 
aad  a  cmaparlron  with  leti4  and  1S78: 


-I8TO^- 


Jsl*  IT       Jaly  II. 
•  aaedls.|11*MM18<R14«t~ 

•f«««e  Ill-«44r0     n4l«. 

Olrcalattoa^..  ln.mtjmt  18i««a.is«  n 
Itetdapmdti..  m4a8««8  19(,l«6eui 
l.eralUBd«rs.     18,118488     mj»IS4llo  i 

raftotf   aMiea    Haada, — rii-  ma 
ritir*    lias    naturally  l>«'»q    una»t  Ufl    l> 
Til-  rail  nf  fHrcrptary  Briatow  » 
T-  '  I*K,  b-io(r$14 

il'  >n  itlvrn  In  nu 

tl.  vrill  e*««e  Octol 

»•  '  nls  unsold  the  • 

catn  iiavt>  (US  option  to  snbc 
<alllac  boada,  tha  BsaraUry 
be  called  ta  tb«  ofdar  of  u,.,..  ....< 


1874. 


two. 


II.      Diamaccs.        Jsiy  85.     Jnly  81 

.«»Iw,       M4j8i  8a44B,71t  M.i<M8» 

3rt»a  t\7r4W  87418188 

o  UI1I14M  t».ll8410 

•<  88.714408  8M81.18e 

'  •vsmmaat  seen- 
'latlon*  In  ffnid. 

'  -  T,.,,,^  ......iM-e  of   the  KlT«. 

i<  been  made  SMordlog  to 

f  .T'llv  17,  aed  Interest  oa 

II  remain  now  of  the 

,0.  wliirh   lh<-  Syndi- 

.      In 

ill 


Jaly   Jaly  Jaly  Jaly   Jaly  Ja'y 


';? 


H. 

to 

'70% 
•10 

•ai 

•M 


n. 

'4*  JO  *»>% 

...  "m  •» 

•18  •*»  •»» 


««( 

*II.Car..ald  ..  •» 
ti«.aar..B<«...  •10 
•a  Tirs..  moaolld  •al 

do        IdiVtaa.  'M 

•aS.C.J.aj ..  -       - 

ta  Me.  I«^  beads   MIX   WIM   t8IX    IM 
K.r.C.aR.  ■•t7a  •II' 
C.  Pac.snldU..      — 
Ua  Pac.iatat... 

do     L'dur-ita 

di       8  P.  8a.. 
KrlalatM.Ta •lOlH  *K>IH 

•  1 1lise8  llP.a.    'Ill        i,.. 
IIS<!<TtHl>ITi...    MSX  *IMH 

c.  a  H.w  (.>M  ;a   M      *i» 


•111 

•Hi* 


•»4  't* 
tl 

•101  •iOI 

II3V  *II4  •:lt 

^8  ivoH  vn 
lai      io>K   DM 

Wk       fi      WK 

M         tSli      M 

•lIBti  'lOlH  'inw 

li^H    lllH    I'lX 

'IIJ 

•ie<    •OT    'lOiv 

8S         9»X      UH 


.  BlncaJaa  1— — « 

Lowaai.  i  HIshaat. 
44  Jaa.  n  9\H  Jaa.  t 
■a  Mrb.  r'  »  Jan.  I> 
11  Juna  U  14  Jan,  7 
U(<  Jiu.  M  i'H  Apr.  1 
la  Mofe.ti  45  Jana  7 
M  Mcb.si  S3  J>o.  17 
MX  Jan.  II  .OSKJuneiS 
IIIV  Jan.  laiinti  Ma;  17 
%i\  lao.  %\y»%  JoneH 
an  Jan.  a;M>xJaiie«) 
M  Jan.  »i  1(0)4  llcb.  '< 
WX  Jaa-  ''  '*H  July  * 
10'  May  »  10:|,  May  4 
tiTHFcn-  II"  ^pr.  • 
IMJjJan.  7  111  June  10 
HB  Jan.  4|  Itl  y  June  5 
I  71    Juna  Itl  «7V  May  lU 


iin»  I9SI1V 


•TkUlatb<iDneaMd.aoaaJ«»asaa4ea>tka  Board. 
Bailroad  aad  BtlaeeiiaMeons  sioclia. — The  market  has 
witnesacil  tliis  w<Hik  onn  of  thoae  periods  of  ti-mporary  panic, 
wllh  a  r«marl(able  brrak  and  rapid  rt-covery  in  prices,  which 
resembled  morv  ib«  (orini-r  days  wlirn  tbe  tide  of  stock  specula. 
tloa  was  at  lis  flood,  than  anythlni;  wbich  has  been  reen  riuriog 
the  past  eiithteeo  montlis.  VVhnu  tlie  failure  of  Duncan,  Sher- 
man ft  Co.  was  announced  on  I'neaday  there  was  an  immediate 
break  In  priera,  and  Western  Union,  Ukinj;  the  lead,  sold  troni 
921  down  to  73— the  saccrralve  prices  at  tbe  Board  from  80}  being 
as  follows:  70.  'H,  *«.  *8.  ".  74*.  73,  74*.  75.76,  7tf.  These 
prices  will  abow  the  panicky  feelinir  of  tlie  market  at  that  time 
raoro  eoncluaively  than  any  deiailed  rl»«cri|ition  of  tSeexcllenient 
vliieh  prevailed.  Oilier  stocks  fell  olf  sharply,  though  not  to  an 
equal  extent  with  Western  Uciuo ;  Lake  Shore  touclied  S8, 
Northwest  »(H.  St.  Paul  34,  Panama  122,  PociGc  Mail  34,  and 
Union  Pacific  08. 
As  soon  as  the  fact  was  clearly  seen  that  the  trouble  was  lim- 
t'lT*- '  ited  to  tbe  one  house  named,  tba  reooTsry  in  prices  was  almost  as 


106 


THE  CHRONICLK 


[Jaly  31.  1875. 


rapid  aa  tbe  decline,  and  now  at  the  close  the  G^eneral  list  is 
strong,  and  several  stocliB  at  the  highest  prices  reached  for  sev- 
eral weeks.  Western  Union  Telegraph  sold  today  at  84^  on  the 
report  of  negotiations  being  in  progress  for  the  lease  of  the 
Atlantic  and  Pacific  line,  according  to  rumor,  for  a  rental  of 
$140,000  per  annum.  Northwest  and  St.  Paul  continue  str-ing 
on  reports  of  increased  f-arnings.  Pacific  Mail  advanced  on  cable 
reports  that  the  Aastralian  Qovernment  had  ratified  the  con- 
tract for  mail  service  at  $500,000  per  year. 

For  tbe  parpose  of  showing  the  total    transactions  of  the  week 
in  the  leading  stocks,  we  have  compiled  the  table  following  : 
Fsclflc      Lake    Wot'n  Chic.  &  Union    Ohio  <fe 

Union.  N'weat.  Erie.  Pacidc. 

SO.SOO      6.500      1,600      S,900 

48.300      " 

84.400 

71,700 

64,600 

ti,800 


MatL 

Jolj  M a.900 

••     M 18,000 

"      S7 40.800 

"      « 28,400 

'•      «    18.000 

■'      30 43,900 


10  400 
18.800 
24,300 
11,51)0 
17,500 


6.800 

6,600 

14.100 

8,600 

3,4U0 


3.400 
3,700 
9,300 
2,000 
1,400 


Hien. 
4fl0 
3,400 
8.900 
10,400 
14,700 
5,300 


Wab. 

800 
700 

l.sno 

1.600 
40O 
500 


34O,.30O    98,000    .3.5,600    23,800 
837,856  149,930  780,000  867.480 


43,100      6.800 
200,000  150,000 


Total 158  800 

Whole  stock.   ..SOO.OOO 

The  last  line  in  the  preceding  table  shows  the  total  number  of 
shares  of  each  of  the  stocks,  now  ouistaoding,  so  that  it  may  be 
seen  at  a  glance  what  proportion  of  the  whole  stock  has  been 
turned  over  in  the  week. 

The  daily  higliest  and  lowest  prices  have  been  as  follows : 


Satarday. 
Julr  H. 

a.r.uen.AB.B.  :u4K  ioik 

Harlem 'ISSH  1S4X 

(trie U%    15 

I.Kke  Shore....     61      81K 

WabHah 6X     SK 

Sorthweat *IH   «V 

do       pref.    54H  My 
tiock  Island  ...  loss  lOSH 

*t.  Panl 8«X  86X 

do      prel....    59H   69* 

^t.A  Pac.,pref 

Ohio  *  Mill...     S3H    13'4 
Oentral  o:  .N.J.'llOX  llOX  ' 
Del.,  L.dfc  Weat  ll>H  12U 
aan.  ASt.JoB.    KX    SH 
Union  Pacific..    74X  75X 
Ool.Chlcftl.C.      i%    5K 

Panama '....  ISi 

W«»t.  Un.  Tel.  80X  81 K 
At.  «Pac.  Tel.  21 H  "X 
qnickallver....  'ISX  HH 
do  pref.  •20  MX 
eaclSc  Mall....  33X  39)i 
AdamaKxp....MiO  :OUi,  ' 
American  Ex..  57S  57H 
unltedSUtee..  '40 
Wellt.  Fargo..     


Uonday, 
July  M  July 
lOJU  :01X  IIB  lot 
--  -  13-1 
14V 


Tue»<l«T.  Wedneaday,  Thnreday 


'A  :«  . 
1S4S  135 

14  S  15X 
Hii    Si 

8*      7 

41X   im 

55  5iy 
W5X  luSX 
3«V  r,H 
59X  eo 

15  IS 

2SX  a 
no     llOS 

119*  119J( 
23H   28 

7«H  :sx 

5X     8X 
13U     138 
81«    SJJf 
•20K    22 


38  y  39K 
100 

57X  57X 

42  42^ 


14 


58 

SIH 

< 

6V 

8«K 

tiU 

52V 

55 '4 

1U3X  1(>5X 

S4 

H6V 

57 

dUV 

22« 

23X 

1U»M 

lion 

MA  120 

24 

2j((i 

68 

74  S 

4 

5*li 

W. 

V.'S 

78 

82?|i 

21 

21 H 

IS 

15S 

•2US 

25 

.14 

3» 

IIOH 

57  H 

57x; 

■40 

July  2S. 
".OiV  103H 
•130     131 
13X    15X 
58K   6UX 
65     «X 
38X   40X 
52H    54 
103«105 
S4V    364 
53H    59 
US    14  i< 
21H    ii% 
109     109X 
•119     120 
25       2i 
70  H    7SX 
4>»      4M 
125     125 
78       ilH 
iOH    211X 
15X    15« 
51H   21X 
365«    38X 
•9'JX  IWIX 
•55  X    5i 
43       43 
•81       81» 


July  29. 
103X  103K 
134     134 
14X    15 
SOX    61X 

6X    ex 

40X  4'JX 
55  56 
104X  105X 
85K  36X 
59  59  X 
14X  14X 
2tX    22X 

loaviio 

119X  119X 
25  25X 
73  73X 
4X     4« 

ISO  131 
SOX  8JX 
20x  20V 
15X  15X 
21 X  21V 
37V    39 

lOO     100 

•57       53 

•43 

•81       82 


,    rrlday, 
July  80. 

101     104  V 

134X  I3IX 
14  V  15 
«1K  6i% 
■'%  6X 
40X  42X 
SIX    55X 

105X  105  X 
3«X  3liV 
59X    5«x 

14  14 
21X    2^X 

lioxnox 

'119X   .... 

78X    7SX 
•4X    .... 
132     133 
83X    84X 
20V    20V 

15  15 
21  21 
38X    V>H 

100  100 
•57X  58 
43X  44 
'....    81X 


TnUlB  tri«  iirlca  old  liii'l  n^Ka  I  :  ni  nfltn  waa  mHde  at  the  Board. 

The  entire  range  from  Jan.  1, 1874,  to  ihia  date,  was  as  follows 

Jan.  1, 1875,  to  date ,1. Whole  year_1874 

,  Highest. 


IjOwefit 
N.  r.  Cen.  *Hnd.  R...IOO     May' S8 

Harlem .-..127X  Jair.  12 

Srle 12^  June  21 

LakeShore 57     June    1 

Wabash 4J<  June  29 

iVorthwest S6\  June  12 

do         pref 47^  June  12 

Rock  Island lOOX  May  28 

9 \.  Paul  28X  June  12 

do       pref 61     Mch.    1 

Atlantic  &  Paciflc  pref.  lax  I'el>-  26 
Ohio  &  Mississippi....  21  May  21 
Central  of  New  Jersey. 106)i  Jan.  D 
Del.,  Lack.  A  Western. 106X  Jan.    2 

Hannibal  &  St.  Jo 18!^  Tan.  22 

Union  Paciflc  36     Jhu.  18 

Col.,  Chic.  &  I.  C 3     June  18 

Panama  .        .  110^  Jan.  31 

Western  Union  Tel....  70V  Feb.  17 
Atlantic  &  Paciflc  Tel..  !8  Jnly  14 
quictsllTer    13     May  14 

do         pref 20     July  16 

PaclficMail 30;i  Feb.  10 

Adams  Express 98     Jan.    2 

American  Express 50     June  26 

United  States  Express.  42     June   5 


107X  May 

138  Apr. 
35><  Mch 
80H  Jan. 
21%  Jan. 
48%  Jan, 
62X  .Ian , 

106%  Mch.  27 
40%  Apr.  9 
61%  July  80 
18  Apr.  30 
.3-2%  Jan.     2 

120     Apr.  27 

123  Apr.  27 
30><  Mdh.  29 
79%  June  1 
9%  Jan.  14 

172  Apr.  i6 
84%  July  29 
29X  Jan.  15 
35  Jan.  6 
44  Jan.  7 
45%  Apr.    3 

101%  Mch.  23 
65  Jan.  16 
65     Jan.  11 


Lowest. 
95%  May  19 
118%  Jan.  7 
26  Dec.  10 
67%  June  19 
18%  Dec.  29 
34%  July  15 
51  Sept.  10 
92%  June  19 
.31%  May  18 
48  May  5 
10%  Sept.  3 
21%  June  17 

98  Jan.    3 

99  Jan.  2 
22%  Sept.  7 
23     June  17 

8  Sept.  3 
101  Apr.  20 
68  Apr.  24 
14  Aug.  25 
22%  Apr.  28 
29  June  29 
33%  Dec.  21 
92%  Jan.  18 
58%  Jan.  2 
60     Sept.  28 


Highest. 

105%  .Wch.  II 

134%  Feb.  18 
51%  Jan.  15 
84%  Jan.  16 
55%  Jan.  16 
62.V  Jan.  9 
78%  Feb.    9 

109%  Feb.  9 
49%  Jan.  10 
74%  Feb.  9 
22  Feb.  16 
36     Jan.  10 

109%  Feb.  10 

112%  Feb.  10 
34%  Jan.  12 
38%  Mch.  30 
32%  Mch.  30 

118  Jan.  9 
83%  Dec.  10 
20  Nov  7 
36%  Nov.  24 
48  Nov.  27 
51%  Sept.  30 

180  Nov.  13 
66%  Dec.  1 
73     Feb. 


69%  Jan.     5|  84     Nov.  30 


Wells,  Fargo  &  Co 75     June   71  93%  Apr.  30 

Ttoe  Gold  Market. — At  the  opening  of  the  week  the  gold 
market  showed  a  tendency  to  increased  firmness,  owing  to  tlie 
purchases  made  to  cover  "  short"  8;ilea,  and  after  opening  at  112 
on  Monday,  the  price  ran  up  to  Il3f ,  and  advanced  again  on 
Tuesday  to  near  114,  before  the  failure  of  Duncan,  Sherman  & 
Co.  was  announced.  When  the  latter  event  became  known,  the 
price  jumped  up  in  a  few  moments  to  116f ,  and  from  that  point 
declined  again  to  113^,  and,  with  numerous  fluctuations  of  less 
importance  during  the  balance  of  the  day,  closed  at  114i.  The 
following  is  the  Gold  Room  record  of  the  prices  during  the  hour 
of  principal  excitement  on  Tuesday  : 


Time.         Price. 

11.00 113K 

11.J7 118X 

11.98 118% 

n.» 113% 

Il.aO 1I3)< 

11.31 118% 

11.81 114 

11.8J 114% 

11.88 118 

11.83 115% 

IIM 116 

11:85 116% 


Time.         Price. 

11.85  116% 

11.36  116% 

11.88 116 

11.37 115% 

11.37 115% 

11.88 115% 

11.38 115 

11.39 114% 

11. t9 114% 

11.40 114% 

11.40 114% 

11.41 114% 


Time.         Price. 

11  43  114% 

11.44 114% 

11.45 114% 

11.45 114 

11.46 JI3% 

11.48 113% 

11  46 113% 

11  46 113% 

11.47  113% 

11.48 113% 

11.48 113% 

11.49 118% 


Time.         Price. 

11.50 113% 

11.53 113% 

11.53 114 

11  64 11.3% 

11.65        ...114 

11.55 114% 

11.55 114 

11.56 114% 

11.57 114% 

11.57 114% 

12.00 114 


Subsequently,  as  tiie  excitement  subsided,  tbe  tendency  of  gold 
was  towsrd  lower  prices.  Today,  after  opening  at  112f,  the 
range  was  from  112f  to  113^,  and  closing  price  112f.  On  gold 
loans  the  rates  were  liigher  for  borrowing  on  the  days  when  the 
market  was  so  much  unsettled,  and  reached  1-33,  1-16,  and,  on 
Tuesday,  even  i  per  diem  for  use.  Today,  the  terms  were  1,  3, 
and  1-64  per  cent  for  borrowing,  and  flat.  At  the  last  Treasury 
sale  of  tbis  month  of  $1,000,000,  on  Thursday,  the  total  bids  foot- 
ed up  $3,220,000.     CuBioms  receipts  of  the  week  were  $2,444,000. 

The  following  table  will  sbow  the  course  of  gold  and 
operations  of  the  Oold  Exchange  Bank  each  day  of  the  past 
week  : 


Total      , Balances. , 

Clearinsra.  Olold.  Currency. 
$71,146,000  12,284,772  $2,800,980 
84,224,000  1,329,275  1,509,213 
38,.385,000  1,141,200  1,319,891 
91,928.000  2.148.889  2,522,265 
54,824,000  1.742,907  2,081.826 
39,142,000     1,159,900    1.813,543 


, ({aotatlons. , 

Open-  Low- High- Clog- 

Ine.  est.  est.  Ine. 
Satardaj,  July  24....  112%  112  112%  112% 
Monday,  ■■  26. ...lis  112  112%  112% 
Tneadsy.  "  27. ...112%  112%  116%  114% 
Wednesday,"  28  ...113%  113%  114%  118% 
Tharaday,  "  29...  112%  il2%  112%  112% 
Friday,  "    30  ...112%  111%  113%  112% 

Oarrentweek 112%  112      116%  118%  $327,349,000     $ $.... 

Previous  week 114%  111%  114%  113%     271,380,000     1,298,628     1,501,9«2 

Jan.  1.1875,  to  date. ..112%  111%  117%  112% 

Forelen  Excbance. — Exchange  showed  some  little  activity 
on  steady  prices  at  the  beginning  of  the  week,  but  on  the  failure 
of  Messrs.  Duncan,  Sherman  &  Co.,  who  were  among  the  promi- 
nent drawers  of  exchange,  business  was  for  a  short  time  nearly 
paralyzed.  Afterward,  a  moderate  business  was  done  at  old 
prices,  but  to-day  there  was  decidedly  more  firmness  in  tone  and 
an  advance  to  4.87^  in  the  asking  rates  of  leading  bankers  for  60 
days'  sterling.  The  firmer  tone  seems  to  be  based  on  the  mode- 
rate supply  of  commercial  bills,  and  the  probability  of  a  falling 
off  in  grain  shipments,  without  a  prospect  of  suflScient  exchange 
from  any  other  source  to  meet  the  current  demands  of  the 
market.  A  resumption  of  specie  shipments  soon — perhaps  next 
week — is  looked  for  by  some  of  the  best  informed  dealers.  Ratea 
to-day  on  actual  business  were  about  4.87  for  60  days'  sterling, 
and  4.90  for  short  sight.      Quotations  are  as  follows  : 

. Jnly  30. . 

60  days.  3  days. 

Prime  bankers' sterling  bills 4.87  .i%4.S7%  4.89H®4.90)^ 

London  good  bankers' do 4.86%04.87  4.89    ®4.89>< 

London  prime  com.  ster  do 4.86    @4.86%  4.88%04.88 

Paris  (francs) 5.17%a5.16%  5.14%@6.13% 

Antwerp  (francs) 6.17%a8  16%  5.14%@5.18% 

Swiss  (francs) 6.17H(a8.16%  8.14%(a6.13% 

Amsterdam  (gailders) 40%®    41  41%0    41>i 

Hamburg  (reichmrks) 94%(S    95%  95%^    96 

Frankfort  (reichmarks) 94%(2    95%  95%0    96 

Bremen,  (reichmarks)....-. 94%®    95%  95%®    96 

Prussian  (reichmarks) 94%®    96%  95%®    96 

The  traaaactions  tor  the  week  at  the  Custom  Bouse  and  Sub- 
Treasurv  have  been  asfoUows: 

Custom    , Sub-Treasury. — . 

House     . Receipts. .  . Payments. ^ 

Receipts.  Gold.  Cnrrency.  Gold.  Currency. 

July  24 1;2.37,000    $1,419,754  94   tl.7»9,857  30     $300,411  14  $1,543,212  54 

••     26 663,000       1,46:,4S9  78      1,609,002  21         178,519  61         597.51188 

"     97 482,000  979,279(52  737,756  30        854,572  80     1,407,734  37 

••     28 53.3,000       1,812.38129        935.438  69     1,911,583  16        482,520  94 

•'     29 279,000       1.071,812  42     1,081,85171        835,516  00        731,480  70 

"     30 250,000         261.624  13      1,831,075  26     1,155.250  09        628,739  61 

ToUl $2,444,000       7,002,242  18     7,984,98147    4,135,85130     5,391,280  04 

Balance.  Jnly  23 32,532,996  86  86.214,164  25 

Balance.  July  30 35,419,887  84  58,807,916  68 

New  York  City  Banks. — The  following  statement  BbowB 
tl!e  condition  of  the  Associated  Banks  of  New  York  City  for  the 
week  ending  at  the  commencement  of  business  on  July  24, 1875  : 


Loans  and 

Legal 
Tenders. 

Net 

Circula- 

BufKS. 

Capital.    Dlscounta. 

Specie. 

12,662,(00 

Deposits 

tion. 

New  York 

18,000,000 

|Ui.ll2.0«) 

»1,09«.00C 

|ll,90.;.l'(IO 

17.600 

Manhattan  Co 

2,050.00C 

6.309.900 

434,200 

1,203.900 

4.765.000 

9.500 

Merchants' 

3,000,000 

9,174,100 

l,097,0iO 

8,371.500 

9.412.300 

515,600 

Meclianica' 

3,000,000 

6,8SS,80j 

794,300 

1,213.000 

5.553,600 

430,000 

Union 

1,500,000 

4,313,600 

182,400 

1,132,300 

3,263,500 

America 

3,000,000 

l!,783,600 

381,300 

8.717.100 

8,856,v00 

1,200 

Phcenlx 

1,800,000 

3,607,500 

335,000 

978,600 

8,073,200 

371,200 

City 

1,000,000 

5,l«7,0('O 

909,400 

2,466,000 

5,8S6,800 

1,000,000 

3,786,700 

43.200 

560.800 

2,373.SOO 

780.800 

Pulton 

600,000 

l,«7i!.100 

223,200 

5S0,300 

1,434,600 



Chemical 

300,000 

8.514.200 

668,400 

1,498,100 

7,378,300 



Merchanta'  Exch'ge. 
Gallatin,  Natlonar.. 

1,000,000 

S,SC9,300 

57,000 

770,900 

.3,3J8,6'.0 

422,900 

1,500,000 

3,848.700 

SS5.S00 

714.100 

2.381,700 

452,400 

Butchers'&Drovers' 

800,000 

2,343,000 

39,000 

4f0.000 

1,708.000 

utxw 

MechanlcsATradera 

600,000 

1.S95,300 

25,500 

335,100 

1.253,800 

192,700 

Greenwich 

200,000 

979,300 

129.500 

1,016,300 

2,700 

Leather  Manuf 

600,000 

3,3:^1,9(X1 

664,100 

473,900 

3,14;.(HX) 

232,000 

Seventh  Ward 

300,000 

1,118,800 

sui'loo 

315,000 

1,117.300 

151,400 

State  of  N.  York.. 

2,000,000 

4,8911,000 

2,042,500 

4.463,000 

350,800 

American  Eich'ge. 

5,000,000 

12,6*).C00 

789,000 

2.4;),('00 

9,528,000 

637,000 

Commerce 

10,000,000 

18,336,200 

*3-'5SS 

3,923,900 

8.299,200 

1.841,500 

1,000,000 
1,000,000 

5,483,700 
4,375,100 

50,900 
152,500 

l.lSS.f-OO 
8:5,400 

8.322,500 
4,013,000 

892,700 

Mercantile 

225,000 

Pacific 

422.700 

1,778,800 

30.600 

1.082,500 

2,171,400 

Bepnbllo 

2,000,000 

5,2f0,400 

881,500 

748,800 

3,69^.600 

821,800 

Chatham 

450,000 

S,!39,400 

216,500 

717,400 

3,274,800 

264,700 

People's 

North  America 

412,500 

1,363,300 

400 

S'2O,S0O 

1,259,100 

1.000,000 

2,733,100 

31.600 

463,000 

2,39i,90O 

Hanover 

1.000,000 

3.5'.6,800 

146.900 

63.',700 

2,969,800 

276,800 

5(10,000 
1,000,000 

2,285,000 
12,11(1,1100 

30.000 
263.000 

842.000 
2,896,000 

2,514.000 
8,990,000 

138,400 

Metropolitan 

286,008 

8U(',000 

1,6.3.600 

36,200 

439,700 

1,798,800 

130.500 

Kamau 

l.OOO.POO 

2,193,300 

37,600 

6J3,!00 

2,340,400 

3.900 

Market 

1,000.000 

2,786,200' 

129.800 

461',400 

1.891,400 

214,000 

St.  NlCholBB 

1,0(10,000 

2,I94,1»0 

60,100 

363,400 

1,182,700 

700.70C 

Shoe  and  Leather. . 

1.000,000 

3,973,700 

82,300 

1,436,000 

3,591,700 

777.800 

Corn  Exchange 

1,000,000 

2,777,100 

64,800 

712,000 

1,70J,500 

Continental 

t-,50ti,0C0 

4,a87,400 

T-.400 

729,000 

3,4U,U0 

Oriental 

300,000 

1,471.000 

4.900 

249,100 

1,:!03,100 

J-'^ 

400.000 

2,355.700 

70,500 

590.000 

2,354,800 

222,400 

Importers'*  Trad'ra 

1,500.000 

16.168,000 

395.200 

4.281,200 

18,112,800 

470.000 

Park 

2,000.000 

13.744,100 

502,000 

6,863.100 

18,955.200 

Mech.  Bank'gAaeo. 

500,000 

896,400 

22.700 

471.000 

879.600 

29°8,b(l6 

Grocers' 

300,000 

6;4,600 

8,400 

185.200 

North  River 

:. 000,000 

968.700 

20.600 

266,100 

884.000 



Bast  River 

350,000 

1,065.400 

12.700 

163.600 

681.100 

186,800 

Manuf  act'ra'AMer. 

300,000 

736.700 

1,11(10 

181,1)00 

6?6,0(  C 



Fourth  National 

5,0O0,00(' 

19,337,200 

801,800 

4.f80,700 

17.087.200 

2.093,200 

Central  National... 

2,000,000 

6,951.000 

27,000 

2,010.000 

9,:43.000 

1,333,000 

Second  National 

300,000 

1, 9^0.000 

515.000 

1.766,100 

135,000 

Ninth  National.  .  . 

1,500,CCC 

6.627,600 

168,X'0 

2,21S,70(; 

7,070,700 

flratNatlonal 

50C,(00 

5.459.8U0 

657,200 

1,136.700 

7.305,900 

45,000 

Third  National 

1,000,000 

3,6OO,5C0 

1,(173,4('0 

3.656.300 

6,?63,800 

N.T. National  Exch. 

500,000 

1,135,300 

5.600 

'241,300 

965.700 

269.200 

Tenth  National 

1,000,000 

2.379,ii00 

125.800 

654,800 

1.766,000 

832,900 

Bowery  National... 

250,(^('0 

1,203,000 

2,300 

251,000 

970.000 

New  York  Co.  Nat. 

200,000 

1.189,000 

S17,(T0 

1,041.000 

178,000 

German  American. 

1,000,000 

3.S74.200 

255.300 

1,570.600 

4,473,900 

DryGoode 

1,000.000 

3,234,000 

15.500 

213.200 

1,663,900 

ToUl »S1.085.20C  »277,549J00  ll7.519.4(Ki  »75,015.200  1252.128.600  «18,599,400 

The   deviations  from  the  returns  of  the  previous  week  are  as 
follows : 

Loans '  •      »2.oa9.600|  Net  nepoalts .Inc.  »1,302,000 

Specie.  .    I.e.       S.51.5O0  I  Clrt  Illation Dec.     202,200 

LeiralTendcre Inc.     1.219.900 

Tbe  following  are  the  totals  for  a  series  of  weeks  past  : 


Legal 

Circu- 

Aggregate 
Clearings. 

Loans. 

Specie. 

Tenders, 

Depoalta. 

lation. 

July  S... 

279.897.200 

IS.8'24.600 

73.53i.100 

245.j95.700 

13.932.500 

4;S.9(I2..380 

July  1".. 

.    280.866,800 

16,937.300 

70.661  JOO 

2.VI.405  200 

;8.854.80fl 

S7ii,125.183 

July  17.. 

.    279.558.800 

16.964.900 

73.795.800 

250.826.600 

iejci.600 

385,945.749 

Jnly  34.. 

277,549,200 

17,519,200 

75,015,200 

252,128,600 

18.5»».40O 

361.804.38 

July  81,  1675.] 


THE  CHRONICLR 


107 


■oalaa  ■•■ 
National  Baaki, 
JaljM.  1875: 

itaau. 
ailfltc   


ka. — Below  we  giwt  a  atatement  of  the  Boston 
aa  retained  to  the  ClearioK  Houae  on  Monday, 


UMiUt. 


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i;oQ«lB«a»«l 

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Rertk 

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Sk<>«*Lawb*r... 


|taU., 


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rra4art> 

fraaoal 

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f\nl 

■•eoad  (OfaaiM) . . . 

TMrd 

foank  ..  

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^■k  sf  RsdaaiMlaa. 
Baakof  Hapabllc... 

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W«a  *  £• 

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<r«k«<ar.... 


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in.wo 


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Tb* derlMioaa rroM  Ism  week's  retunaare  •■  lollowe 

caeNai laataaM..     NJK I  UaalfMefS Uerasat. 

U-aa« .Piirmi.     1*,ue I  u*aoMb, Oaeraaaa 

•aaeta Oacraaw.    tKlHi  ciraaUMea Oaaraaa* 

The  iollowtas  'f*  t^  totals  for  a  aarlw  of  weeka  p*«t: 
.    DMa.  i.aaaa.         •••eu,   u»«nTiaiai».   Daaaalia.  ClrcaUitaa. 

jaa*» n:»iS       .!&8i       M^E^     »Lln^       MMne 

j«{  it.'.: .'".'.'.'..  m^B     mX     )^n    ggq     ajSaS 

rhUa4elpklm  Bitaau.— Tb«  followtag  Is  the  aTarace  eon- 
4itloa  of  the  HhtUdelpUa  NaUooal  BMka  (or  the  week  pieeed- 
Ing  Mooday,  Jely  M.  !875 :  Total  a«t 

RartkAaaflaa  •  — —      .-.-^_ 

firaMsaa*  M 
paaainlal..... 

MMkul/a'    ... 

■  •i(  K.  Ul 
Aa>ui'»rk 

*»n«i---    - 

a«ak  of  Cutamvrca 


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r  •(«  ....  itfcaajw  m^mum  vnt^o  msijM   fRjn/si  liajiMtf 

Vae  iwetat-r^M  from  the  reMraaot  preTioae  week  ere  aa  tollowa- 

...Jaa.  aMMM'tMooatML. Ia<  .         mt 

_, Da».     /tmiCir^iilallee t>r«       njm 

u«#»i  »••■»•»  »->•••.     ...       lu..    tStjHI 

Tbe  follovi  .|r  are  the  toiala  (or  a  aoriea  el  week* 

Data.  - 

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JaaaaL 


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ea       JS?!B2Li**-     ■ 

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iaa*OM.,aew,  li .. 


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BOSTON,   PHIIiADBIiPHIA,  Ete.-Vontlnaed, 


■acmaiTxaa. 


raiI.ADBI.PHIA. 

arATB  AJID  OITT  BONDS. 

PeansrlTaaiaM,  ooap 

do  do    ren 

do  (i.IO'IS,  2d 

do          do       U-K.  Sd., 
rhiladelpbia  6a,  rid 

do  fa,  new 

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FltUDorta 

do       Ba 

ao       71 

Haw  Jafaay  State  ••,  Kxampta 

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oamdea  City  7» .    ... 

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do  do    praf, 

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do        a.  exempt.  Itj87 

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Uaftoaa  Mleb.tat  M.,^    (1.. 

do  do        ldM..7,-M.. 

do  do        idU..7,'H.. 

do  To-do  dap.  I>da.f.-<I--M 
Oaytoaa  Waat..lat  11.,  IMI.. 

.lo         do       lal  M.,  IK«.. 

do         do      lat  M.,  I,  IWS. 

Ud.,Cta.ALar.,lalM„7 

do         (I.ac  )latM.,7.IM» 

Uttla  Miami. «.  ima 

Cla.  Baa.  A  Dayton  aloek 

Oolaoibaa  A  Xenlaatock 

OaTioa  AM>ehl«an  atnrk.... 

do         Ip  e.ti'kaaar 

UttiaMlaalatoek 


■.OUIMVILLB. 

U>atoTlllaa.tllof7 

do       a-'rio-a 

do        waui  a.  '17  to  -a. . 
do        Water  Btor.k  a.  17. 

do        Wbarfa ._^. 

do        apaclal  tax  a  of  "a. 
JoV.,  Mad.*  I,latM.<laM)7,1l 

do  do    Id  .M  ,7,. 

do  do    lit  M.,7,1IM.... 

Loala*. C.  A  L«i.. lal  tl.,7, 17. 

T  oala.  a  Kr-k..  latAI . , «.  TO.-™. 

d4j        Lonlar.  Loan,!.  V 

.  m  Hwb.  lat  M.  (m.a.)  7,  *?. 

do    Lac.  Irfi^n  (in.a.)i.^.  i: 

■lo      (L«b.Br.)t."« 

litM .  (Mem.  Br)7,T.' -ns. 

latM.(l.el>.br.ex)7,'a)-'n 

Lon.  I/n(Leb.br.ex><,1l 

Cnniwl.iat  M..7,  IIM.... 

Jeffaraon.,  Mad.  A  Ind 

I>>alar..  CIn.A  LaB..prer 

ilo  do         eommon. 

Laalarllli- A  Naabrllle 

fix.    LOIIIR. 

St  Looia  a.  Lona  Honda 

io       Water  a  (Old '  ICdK 

do  do      do  (nevi*  l.eK 

do  BrIdse  Approaek  s.a*  lieH 

do  Ren-wal  rold  *• '  KQW 

do  Sewer  (  •■  ('lnell'2-31'  V9h 

SLLoulaCo.  new  Park  a.  a 

do         c-y.  7a •  icdir 

ALA  raellle  anar.  land  rranu 
<lo      7,1  M.  cfnnded).... 

•And  Interut. 


M 
n 
W 

a 

100 

n 


M« 

si 


loo 

104 
K 


IM 

aiC 

81 


IM 
MM 


n 

1.... 


IM 

IM 

'■55" 
ii'i 

■\n 
us 
to 
iti 

M 

IM 

HI 

a 

.7 

:ni 
a 


r7 

•110 
(5 
K 
71 
•1 
II 
M 

a 

13 

m 

•7 


IM 

in 

IM 
•4 

IM 

la 

liO 

a 

IM 
M 

IM 
U 

w 

7« 
IM 
100 
M 
•I 

a 


to 

77 
tt 
M 
IS 

IM 


do 
do 
do 
do 
do 


M 

a 

H 

a 

m 

.1 

>■>« 

74  H 
M 

M 

a 

P 

M 


«K 


W 
W 
W 
•0 
10 
10 
iO 

2« 

N 

» 

n 

.... 

« 

■ion 
IMK 

itiii 


? 


lOS 


THE  CimONICLB. 


[July  31. 1876. 


GENERAL  QUOTATIONS  OF  STOCKS  AND  BONDS  m  NEW  YORK. 
U  8.  Bondi  ana  aeH9»  Bmlroad  Stock*  are  quoted  on  a  pretunu  page.    Price*  repretent  tht  yer  eent  talue.  whatever  the  par  may  he. 


uwrv^rrr-**- 


Jtiiaia  uouOa. 

MabanMM.IM 

do      S«,18a>  

8i,  ISM 

a«,|888 

8«,  MoncAKut'taR. 

8i,Al».*Ch»t.B^. 

of  18W. 


do 
do 


do 
do 


4rkiui8as  to,  funded - .  ■ 

40       7«.L.  K.*n.8.Hi. 

do       7«.  MeinithiB  *  L.  K. 

do        •!.  L.H..P.B.4NO. 

do       7a,MlM.O.*  R.R1T. 

do  7«,  Ark.  Cent.  R.  ... 
U«liroraU7s ,  

do        7«,  iMge  boodi 

Connecticut  to 

(i«orKl*  •• : 

do       7b,  new  bonds 

do       7»,  cn<Ior«ed. 

do       7s,  ftoM  bondt 

JDdlvnaSa .^. 
Illoolata,  coupon,  18T7 

do  do       187* 

do       Warloan 

Kentucky  da 

Louisiana  69, 
do 


Bid, 


IM 

*i) 

N 

•  IX 

N 
100 
IW) 
llil 
101 
Vii 


do  new  bonds., 
do  now  floating  debt 

7a,  Penitentiary 

to,  levee  bonds 

8s,       do  ..... . 

Ss,        do         1878.. 

8s! of  WlO.. 

Mlelii»«u  to.  l87»-7» 

do      to,188S 

do      78,1890 

MtMonrt  to,  duo  In  1875 

do      do  1876 

dc  im 

d«  18T8 

do  1879 

_.       do  1880 

Funding  bonds  due  In  19W-5. 
Long  bda.  due  '81  to  '91  Incl.. 
Asylum  or  Unlvers.,  due  ISW.         ,  - 
Han.  ft  St.  Joseph,  due  1875.  *2  W 
do       do  do  lK6.j'"05» 

do      do  do  1M6.  UO^ 

do      do  do  1887.  t'wX 


do 
do 
do 
do 

do 


do 
do 
do 
do 


100 


ssoimiTiis. 


U 


lUl 
1(4 

lU 
lOUH 

ico^ 

101 
101 

lot 

101 

uox 

IJl 


Bid, 


do 

do 

(in 

do 

do 

do 

(10 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

New  Tork  Bonnty  loan,  reg. 

do  do         coup. 

do        6s,  Canal  Loan,  1875. 

do        to,        do  1877. 

do        to,       do  1878. 

do        to, gold  reg.... 1W7. 

do        to,  do     coup.. 1887. 

do        6s,  do     loan..  1883. 

do        to,  do      do  ..1891. 

do        58,  do      do  ..ISW. 

do        58,  do       do  ..1876. 
North  Carolina  68,  old,  J.  &  J.. 


A.&O. 
N.C.RR....J.*  J.. 

do         ....A.  &0.. 

doconpoff.J.  &  J.. 

do  do  off.A.  &0.. 
Funding  act,  1866. . . 


do 

New  honds.  J.  &  J.. 

do  A.*0.. 

Special  tax,  Class  1. 

do      Class  2. 

do      Class  3. 


do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 
Ohio  to,  \WR. 

do    to.iesi 

do    to.iaB6 

Rhode  Island  6a 

South  Carolina 68 

do       Jan.  &  July 

do       April*  Oct 

do      Funding  act,  1866.. 

do       Land  C,  1889,  J.  &  J 

do       LandC,1889,A.4;0. 

do       7s of - 

do      nonfundable  bonds. 
Tennessee  6s,  old 

do       do  ex  coupon 

do      do       do  new  series 

Texas,  108,  of  1876 

Vlrglnla68,old....  ■■■■■■■■■ 
do  do  new  bonds,  1866 
do      do       do  1867... 

do       do  consol.  bonds ^ 

do  do  eimatudconp.  57)1 
do  do  consol.  2d  8erle8,.j  46_ 
do       do  deferred  bonds.... 

District  of  Columbia  S.6r« 

KallroHd  Niocks. 
(Actite  previouHlij  Quoted.) 

Albany  &  Susquehanna 

Central  Paciflc 

Chicago  ft  Alton 

do  do    pref 

Oblc,  Bur.  A  Quincy 

OleTe.,  Col..  Cm.  ft  IndUnap.. 
Clereland  ft  Pittsburg,  guar.. . 

Dubuque  ft  Sioux  City 

Krie  pref 

Haimlbal  ft  St.  Joseph,  pref .. . 

Iljtnois  Central 

rndl'anan,  Cln.  ft  Lafayette.... 

J ollet  ft  Chicago 

Iione  Island 

Marfettaft  Cln.,  l8t  pref 

do  2dpref ,, 

Michigan  Central M 

MorHsftKsBex 102 

MlBSourl,  Kansas  ft  "Texas.  .. 

New  Jersey  Southern: ^H 

N  Y.,  New  Haven  ft  Hartford.  14d 

Ohio  ft  MlnBlsslppI,  pref *0 

Paciflc  of  .Missouri 

Pitts.,  Ft.  W.  ft  Chic, guar....    97J, 
do  do    special.. 

Rensselaer  &  Saratoga 

Rome,,  Watertown  ft  Ogdens 
St.  Louis,  Alton  ft  T.  Ilauto. 

do  do  do       pref 

Belleville  &  So.  Illinois,  pref. . 
Bt.l.oul8,  Iron  Mount,  ft  South.    14 

Toledo,  Peoria  &  Warsaw 

Toledo,  Wab.  ft  Western,  pref. 
lQiitcellaueuusKt«k4-|£k 
American  lUstrlct  Telegraph. 

Boston  Waler  Power 

I.'anton  Co..  UHlthnore ;  *  50 

Cent.  N.  .J.  Land  luiprov.  Co. 

S  Uware  ft  Hudson  Canal >19S 

Aniprtp.tin  «;oBi. 
tJoiiHoiMarioii  i;oal  or  Vd.iT..    47 
^larlposaL.ftM.Co.,  ass't  paid    18H 
do      do  pref     •' 

Cumberland  Coal  ft  Iron 

Maryland  Coal 

Pennsylvania  Coal 

prliig  Moontala  Co«l 


6X 
90 
SO 
i9)i 
102 
36 

a; 

37 


102 

92S 
IWX 
109 
Ul 

43 


Railroad  Bonda. 

(SUKt  SxcAangt  FricU.) 

Albany  ft  Susq.,  1st  bondt... 

do  do      2d     do    .... 

do  do      8d     do    .... 

Boston,  Hartf.ftErle.lstmort 

do  do  guar.... 

Bur.,C.RapldsftMlnn.  Ist78,( 

Chesapeake  ft  Ohio  to,  Ist  m... 

do  do        ex  coup 

Chicago  ft  Alton  sinking  fund. 

do  do     Istmort 

do  do     Income 

Jollet  ft  Chicago,  1st  mort 

Louisiana  ft  Mo.,  Istm.,  guar. 
St.  Ldii1;<  Jack,  ft  Chic,  1st  m. 
Chic.  Bur.  ft  Q.  8  p.  c.  1st  m. . . 
do  do    consol.  m.  7b 

Chicago,  Rk.  Island  ft  Paciflc. 
Central  of  N.  J.,  Ist  m.,  new.. . 
do  do      l8t  consol.... 

do  do      2d  mort 

do  do     con.  conv 

Am.  Dock  ft  Improve,  bonds,. 
Mil.  ft  St.  Paul  1st  m.  88,  P.  D. , 
do  7  3-lOdo. 
7b,  gold,  R.  D. 
lstm..LaC.D. 
Istm.l.ftM.D. 
Istm.  I. ft  D.. 
1st  m.  H.  4  D. 
Istm.C.ftM. 
1st  Consol.  ... 
2dm.  do  .. 
Chlo.  ft  N.  Western  sink.  fund, 
do         do  Int.  bonds. 

do         do  consol.bds 

do         do  exl'n  bds 

do         do  1st  mort.  . 

do         do  cp.gld.bds 

do         do  reg.   do 

Iowa  Midland,  let  mort.  8s 

Galena  ft  Chicago  Extended... 

Peninsula,  Ist  mort.,  conv 

Chle.  ft  Milwaukee,  1st  mort.. 
Wluona  ft  St.  Peters,  Ist  mort. 
do  do  2d  mort.. 

CC.C.ft  lnd'B.lstra."8,  8.  F. 
Del.,  Lack,  ft  Western,  2d  m.  . 
do  do     78,  conv. 

Morris  ft  Essex,  Ist  mort 

do  do     2dmort  

do  do     bonds,  1900 

do  do 

do  do 

do  do 

Erie,  1st  mort.,  extended. 

do       do  endorsed 

do    2d  mort.,  7s,  1879 

do    Sd    do     78,1888 

do     4th  do      7s,1880 

do     5th  do      78,1888 

do     78,  cons.  mort.  gold  bds. 

Long  Dock  bonds 

Buff?,  N.  T.  ft  Erie,  Ist  m.,  1877. 
do       do  do     large  bds  . 

Han.  ft  St.  Jo.  land  grants 

do  do     88,  conv.  mort... 

Illinois  Central,  7  p.  c,  1875. . . 
DubuQueft  Sioux  City,  iBtm. 
do  do  2d  div 

Cedar  Falls  ft  Minn.,  1st  mort 
Indlanap.,  Bl.  ft  W.,  1st  mort. 
do  do        2d  mort.. 

Mieh.  So.  7  p.  c.  2d  mort 

Mich.  8.  ft  N.  Ind..  8.  F.,  7  p.  c. 
"  ~ nd 


1081 
lOC) 

28k 

si' 

40 

ico' 

'.0»X 
102 


102 
il8X 

loek 

112S 
lOJM 

lis' 

M 


»4M 


78 
81)» 


97 


82>j 


construction 

78  of  1871 

1st  con.  gold. 


2SK 


SKOUBinXS. 


Tol.  ft  Wabash,  1st  m.  extend. 

do  do       1st  m.  St.L.  dlv 

do  do       2dniort 

do  do       equlpm't  bds. 

do  do       con.  convert.. 

Hannibal  ft  Naples,  lat  mort-. . 
Great  Western,  lat  mort.,l^. 
do  2dmort.,18W. 


106X 
105 

lid" 
lOOX 


<4H 

M 


104X 


82X 


...'  Quincy  ft  Toledo.  Istmort.  1890 

...    llllnofs  ft  So.  Iowa.  Istmort... 

...MLafaycttc.  m'n  ft  MIbs,  Istm. 

....I  Han.  ft  Central  Missouri,  Istm. 

nOM    Pekln.I.lncolnftUecatur.lstm 

lln.,  L«fuve(tc  ftChlclstni. 

Del.  ft  Hudson  Canal,  Ist  m.,;91 

do  do  1^ 

108     i  do  do  __  ISTi 

Long  Island  RR.,  mmort..... 

South  Side,  L.  I..  1st  m.  bonds.    . . . . 

Western  Union  Tel.,  Istro.  78. ilOlK 


«H 


Cleve.  ft  Tol.  sinking  f  u 

do  do    new  bonds 

Cleve.,  P'vlUe  ftAsh.,  oldbds 

do  do     new  bds 

Detroit,  Monroe  ft  Tol.  bonds 

Buffalo  &  Erie,  new  bonds 

Buffalo  ft  State  Line  78 

Kalamazoo  ft  W.  Pigeon,  1st. 

[Lake  Shore  Dlv.  bonds 

'       do  Cons,  coup.,  Ist... 

do  Cons,  reg.,  Ist 

do  Cons,  coup.,  2d 

do  Cous.  reg.,  2d 

Marietta  ft  Cln.,  l8t  mort 

Mich.  Ceut.,  consol.  78,1902  ... 

do  Utm.88, 1882,8.  f. 

do  equlpm't  bonds... 

New  Jersey  Southern,  Istm. 78 

do  do     consol.  7s 

New  York  ft  Ijlcw  Haven  6b — 

N.T.  Central  08,1883 

do  68,1887 

do  to,  real  estate — 

do  to,  subscription. 

do  78,1876 

do  7s,  conv.,  1S76 — 

do  78,  1865-76 

do  ft  Hudson.  Ist  m.,coup. 

do  do     Ist  m.j  reg... 

Hudson  K.  7b,  2d  m.  s.  fd.  1885.. 

Harlem,  1st  mort.  7s,  coup 

do  do  reg 

North  Missouri, Ist  mort 

Ohio  &  Miss.,  consol.  sink.  fd. 

do  do     consolidated 

do  do     2d     do  

do         do     Ist  Spring,  dlv.. 
Central  Paciflc  gold  bonds.. . . 
do   San  Joaquin  br'nch 
do   Cal.  ft  Oreeon  iBt.. 
do  State  aid  bonds 

Western  Paciflc  bonds 

Union  Paciflc,  1st  mort.  bonds 

do  Land  grants,  7s. 

do  Sinking  fund... 

Atlantic  ft  Paciflc  lander,  m. 

South  Paciflc  UR.  bds.  of  Mo. 

Pacific  It.  of  Mo.,  Ist  mort.  ... 

do  do         Ist  Cnron't  B. 

do  do         2d  mort 

Paciflc  R.  78,  guarant'd  l)y  Mo. 

Pitts.,  Ft.  W.  ft  Chic,  1st  mort. 

do  do      2d  inort. 

do  do     3d  mort 

Cleve.  ft  Pitts,  consol.  s.  fund. 

do  do     4th  mort 

Col.,  Chic,  ft  Ind.  C.  Ist  mort. . 

do  "^f.     2d  mort.. 

Rome,  Watert'n  ft  Og.  coo.  Ist 

St.  L.  ft  Iron  Mountain,  Ist  m. 

2-1  n 

Alton&T.H.,  Ist  mort 

do  do     2d  mort.  pref.. . 

di  do      2dniort.  iHconie 

Belleville  ft  S.  111.  n.  ist  m.  8b. 

Tol..  Peorluft  Warsaw,  E.D... 

do  do       W.  1).. 

do  do  Bur.  Dlv. 

do  do  2d  mort.. 

do  do  cousol.Ts! 


IIIX 


101 
106>4 
lOSJi 
103>S 

ICO' 

ifi' 

96 

lOi' 
80 


84« 


80X 
2ij 

102' 

W7 

105 

iOSX 

101  >4 

104H 

103 

US 

101 

83>4 
101 
102 
lOl 

97 


niicellaneons  Likt. 

(Broken'  Quota  tiom.^ 

CITIXB. 

Buffalo  Water 

do      Park  

Elizabeth  City,  due  '95 

Newark  City  7b .... 

Rochester  City  Water  bds.,  '88 

HAIUKOAOS. 

Atchison  ft  P.  Peak,  6a,  gold.. . 
Atlantic  4  Paciflc  L.  G.  Ss,  gld. 
Atchison  ft  Nebraska,  8  p.  c. . . 
Bur.     Mo.  lilv.,  stock 


do 
do 
do 
do 
do 
do 
do 
do 
Bur.,C 


do 
do 

A3 

do 
do 
do 
do 
do 


102 
1U8 
103X 


S4% 


102X 


io:x 


lOlH 


106X 

103 

112 

■ik" 
loix 

101 
lOl 
iOO 
100 
lOlK 


116 
114  X 
108 
III* 
llOX 

B9 

98 


92 

lOlJJ 
93* 


102), 


104)4 


90 
100 

96X 


101 X 
99% 


95X 


IS" 
105 

loi's 

99)1 
!*)% 
lS)i 
31 
92 
50 

lOOX 
92 


95X 


105 
50% 


Land  m.  7s... 
2d  8.,  do  7s... 
8dS.,do  Ss... 
4th  S.,  do  8b.. 
Sth  8.,  do  8b.  . 
tth  8.,  do  8s. 
Creston  Branch 
Charlton  Branch 
U.R.ftM.  (M.dlv.),g.78. 
Cairo  ft  Fulton, 1st  7s,  gold  .. 
California Pac.  RR.  78, gold... 
do  6s.2din..g 

Canada  ft  Southern  let  7s.  gold 
Central  Paciflc  78,  gold,  conv.. 
do  Land  grant  6s.g 

Central  of  Iowa  1st  m.  78,  gold 
do  do     2d  m.  7s,  gold 

Keokuk  ft  St.  Paul  8a... 

Carthage  ft  Bur.  Ss 

Dlxon.Peorla  ft  Han.  8s, 
O.  O.  ft  Fox  R.  Valley  8s 
Qnlncy  ft  Warsaw  8b.  . . . 
Illinois  Crand  Trunk.... 
Chic,  Dub.  ft  Minn.  8b.  . 
Peoria  ft  Hannibal  R.  88. 
Chicago  ft  Iowa  R.  88... 
American  Central  88 —  , 
Chic,  ft  Southwestern  RR.78.. 
Chesapeake  ft  O.  2d  m.  gold  7b 
Col.  ft  Hock.  V.  1st  78,  30  years 
do  do     Ist  78, 10  years 

do  do    2d  78, 20  years 

Chicago,  C.  ft  Dub.  88 

ChlcTft  Can.  South.  1st  m.  g.78 
Ch.  D.  ft  v.,  I.  dlv.,  I8t  m.  g.  7s. 
Chic,  Danv.  ft  VIncen's  78,  gld 

Connecticut  Valley  78 

Connecticut  Western  let  78. . . . 
Chicago  &  Mich.  Lake  Shore.. 
Dan.,  i:rl)..  B1.&  P.  Istm.'a.g 
Des  Mollies  &  Ft.  Dodge  1st  7s. 
Detroit,  Hillsdale*  In.  RU.88. 
Oetrolt  ft  Bay  City  8s  guar. .. . 

Detroit,  Eel  River  ft  111.88 

Det.,  Laus.  ft  Lake  M.  Ist  m.  8b 
do  do     2d  m.  88 

Dutchess  ft  Columbia  7s 

Denver  Paciflc  7s,  gold 

Denver  ft  Rio  Grande  78,  gold. 
Evansvllle  &  CrBwford8V.,78. . 

Erie  ft  Pittsburg  1st  78 

do  do  2d  7s 

do  do         78,  equip 

Evansvllle,  Hen.  ft  Sashv.  7b.. 
EMzHbetiitown  &  Padu.Ss.con. 
Evansvllle.  T.  H.  &  Chic.  7s,  g. 
Flint  ft  Pere  M .  7s,  Land  grant. 
Fort  W.,  Jackson  ft  Sag.  88 — 
Grand  R.  ft  Ind.  1st  guar  78.... 
do  Ist  L.  G  78... 

do  1st  ex  L.  G.  7s 

Grand  River  Valley  8s 

Hous.  ft  Texas  C.  Ist  78.  gold. . 
Indlanap.  ft  VIncen.  Ist  7b, guar 
Iowa  Falls  ft  Sioux  C.  Ist  7? 
Indianapolis  ft  St.  Louis  7s. 
Houston  ft  Gt.  North.  Ist  78 
International  (Texas)  1st  g 
Int.,  H- ft  G.  N.  conv.  8s    .. 
Jackson,  Lansing  ft  Sag.  Sb. 
Jack.,N.  W.  ft  S.  E.  lstm.g.7s 
Kansat  Pac.  78, extension. gold 
do        7b,  land  grant,  gld 
do        7s,       do  new  gld 
do        to.gld,  Juneft  l)<'e 
do        68,  ilo  P'eb.  ft  Aug 
do        'Js,  1S76,  land  grunt 
do        7b,  Leaven,  br'nch 
do        Incomes,  No.  11 
do  do       No.  16 

do         Stock..  

Kalamazoo  ft  South  H.  88, guar 

Kal.,.AIl0Klian.  ft  O.  K.  8s. guar 

Kansas  City  ft  Cameron  lOs... 

Kan.  C,  St.  Jo.  ft  C.  B.  8s  of  '85 

do       do  do    8s  of  '98 

Keokuk  ft  Dob  Moines  1st  78. 

do        1st  coup.  Oct. .'76 

do  funded  int.  ?is 

do  i»rcf.  ptoek. . . 

L.  Ont.  Shore  RR.  Ist  m.  gld  Ts. 

Lake  Sup.  ft  Miss.  1st  78,  gold. 

Leav.,  Atch.  &  N.  W.  78,  guar.. 

Leav.,  Law.  ft  Gal.  1st  m. ,108.. 

Logans.,  Craw.  &  S.  W.  8a, gld. 

M Ichigan  Air  Lhie  Ss 

Monticello  ft  P.  Jervls  78,  gold 

Montclair  lsl78,  gold 

Mo.,  Kansas  ft  Texas       gold.. 

Mo.  R.,  Ft.  S.  ft  Gulf  l8t.ll.  lOs. 

do         do  do    2u  in.  10s. 

N.  J.  Midland  Ist  7s,  gold 

do  2d  78 

N.  Y.  ft  Osw.  Mid.  Ist  7s,  gold. 
do  do        2d  78,  conv. 

(to  West.  Kxteusion  la. 

N.  Haven, Mlddlet'n  ft  W.  7s.. 
North.  Pac.  lat  m.  gold  7  S-los.. 

do         Land  warrants 

Omaha  ft  Southwestern  RR.  as 
Oswego  ft  Rome  7s,  guar 


tzcmiTiH. 


lii" 
112 

sm 

55 

75 
TO 
55 


Peorta,  Pekln  ft  J.  Ist  mort....| 

Peoria  ft  Rock  1. 7s.  gold 

Port  Huron  ft  L.  M.  78,  gld,  end 
do  do     78,  gold... 

Pollnian  Palace  Car  Co.  stock, 
do        bds,88,  4th  aeries 
Rockf 'd,  R.  I.  ft  St.  L.  1st  7a,gld 
Romeft  Watertown 7a......... 

Rondout  ft  oawego  78,  gold. . . 

Slonx  City  ft  Paciflc  to 

South'  Paciflc  6b,  gold — 

Southern  Minn,  construe.  8b.  . 

do  78., . 

Bt.  Jo.  ft  C.  Bl.  let  mort.  10«. . . 

do         do  Bp-J5- 

St.  Jo.  ft  Den.  C.  to,  gld.  W.  D. 

do  do     Ss.gld,  K.  D.. 

Sanduaky,  Mans,  ft  Newark  7s. 
8t.  Lonia,  Vandallaft  T.  H.  1st. 

do  do  2d,  guar. 

St.  L.  ft  So'eoatern  lat  7b,  gold. 
St.  L.  ft  I.Mt.  I  Ark.  Br.)  ib,  g. 
Southern  Central  of  N.  Y.  7s... 
Union  ft  Logansport  7b.  . ...... 

Union  Paeltlc.  So.  branch,  to, g 

Walklll  Valley  1st  7s,  gold 

West  Wisconsin  7b,  gold 

Wisconsin  Valley  8a 

Sonttaern  Secnrltlea, 

'Drokem'  Qvotationt.; 

STATKS. 

Texas  State  fis  

do       78,  gold 

do      1«8,  ofl884 

do       108,  defence 


Bid. 

'v> 

45 

25 

» 

n 

10 
•2)4 


92X 


50 

95 

too 

S5 

15 

94 

96 

60 

S4 

75 

84 

m 

16 

m 

65 

wz 

1116 

10 

N5 

.■iO 

65 

KKI 

HO 

83 

".(I 

80 

94 

96 

;5 

82). 

wx 

65 

60 

65 

99 

102 

m 

70 

8ll 

B5 

9(1 

m 

85 

118 

70 

70 

76 

US 

711 

IT 

'211 

14 

16 

n 

19 

90 

1IKI 

90 

111(1 

9ii 

KKI 

90 

18 
20 
100 

27k 


23 
106 
40 
32X 
50 
V) 
40 
S2X 
14 
21 


OITIB8. 

Atlanta,  Ga.,  78 

do       8s 

Augusta,  Oa..  78,  bonds 

Charleston  stock  6s  .  ^ ....... . 

Charleston.  S.  C,  7s,  F.  L.  Dds 

Columbia,  S.  C,  6s 

Columbus,  Ga.,  78,  bonds 

Lynchburg  6s    

Macon  7s,  bonds 

Memphis  old  bonds,  to 

do      new  bonds,  68 

do      end.,  M.  ft  C.  RR.  .. 

Mobile  5s,(cotip8.  on) 

do      8s, (coups,  on) 

Montgomery  88 

Nashville  6s,  old 

do       68,  new 

New  (Orleans  58 

do  consol.  68 

do  bonds,  7s 

do  gold  7b,  quarterly 

do  108. .. 

do  to  rallroada,  6a. 

Norfolk  68 

Petersburg  68 

Richmond  68 

Savannah  7s,  old 

do       78,  new 

Wilmington,  N. C, to, gold... 
do  do     88,  gold.... 

nATLROADS. 

Ala.  ft  Chatt.  1st  m.  88.,  end.. . . 
Ala.  &  Tenn.  R.  Ist  mort.  78. . . 
do         do  2d  mort.  78.... 

Atlantic  ft  Gnlf ,  consol 

do  do.  end.  Savan  h. 

do  do    stock 

do  do      do     guar... 

Carolina  Central  1st  m.  6s,  g... 

Central  Georgia  1st  mort.  7s... 

do  consol.  m.  78. 

do  stock 

Charlotte  Col.  ft  A.  Ist  M.  7s.. . 

do  do       stock 

Charleston  ft  Savannah  6s,  end 
Savannah  ft  Char.  Ist  m.  7a. . . . 

Cherawft  Darlington  78 

East  Tenn.  ft  Georgia  6s, ^.... 
East  Tenn.  ft  Va.  6s,  end.  Tenn 
E.Tenn.  Va.  &Ga.  I6t  m.  78... 

do  do        stock 

Georgia  RR.78 

do  stock 

Greenville  ft  Col.  78,  guar 

do  do    7b,  certlf — 

Macon  ft  Brunswick  end.  78... 

Macon  ft  Western  stock 

Macon  ft  Augusta  bon^s 

do  do       endorsed.. . . 

do  do       stock 

Memphis  ft  Charleston  Ist  7s. . 

do  do  2d7s.. 

do  do  stock  . 

Memphis  ft  Little  Rock  Istm.. 

Mississippi  Central  1st  m.  78... 

do  2dm.  88....] 

MlBSlssIppi  ft  Tenn.  1st  m.78.. 

do  do     consol.  88. 

Montgomery  ft  West  P.  Ist  8s. 

do  do  income 

Mont,  ft  Eufaulalst  Ss,  g.  end. 

Mobile  ft  Mont.  8s,  gold,  end. . 

Mobile  ft  Ohio  stcrUng 

do  do       do     ex  certlf 

do  do   8s,  Interest 

do  do   2d  mort.  88 

do  do   stock 

N.  Orleans  ft  Jacks.  2d  m.  8s.. 

do  do    certlf '8  88.. 

N.  Orleans  ft  Opclous.  Ist  m.  88 

Nashville  ft  Chattanooga 68... 

Norfolk  ft  Petersburg  1st  m.  8s 

do  do  78 

do  do         2dm.  8a 

Nortlieastem,  S.  C,  1st  m.  Ss. . 

do  2d  m .  8s.. . 

Orange  ft  Alexandria,  Ists,  68.. 

do  do  '2d8,  6s. . 

.   do  do  Mf.  8s. 

do  do  4ths,  SB. . 

RIchm'd  ft  Petcrsb'g  iBt  m.  78. 

Rich.,  Fre'ksb'g  ft  Poto.  68. . . . 

do  do  conv.76 

llIch-ftDanv.  1st  consol. 68... 

Southslde,  Va.,  Istm.Ss 

do  ■2dni.,  guar.  68. 

do  3d  in. 68 

do  4th  m.Sa 

Southwest  RR.  Ga  ,  1st  m. 
S.  Carolina  UR.  Isi  lu.  7s,  new. 

do  68 

do  7s  

do  Btu(^.... 

West  Alabama  8s,  guar... 
PASr  PVE  ootrpoHS. 


Aak 

~ 

M 

88 

ss^ 

20 

«S 

40 

60 

tlH 

SS 

T5 

to 

m 

25 

nn 

101 
90 
4« 


n 

M 

102 
99 


m 

M 

TO 
« 

80 
T8 
50 
48 
H 
40 
45 
68 
80 
TO 
84 
48 
86 
87 
90 
42 
T5 
80 
8S 

to 
to 

68 
80 

25 
52 
42 

70 

io" 

30 
75 
102 
99 
56 
«T 
35 
62 
SO 
90 
T5 
75 
14 
S« 


23   ^  iTennessee  State  coopona, , 

1 1  Virginia  coupona 

«5  (To      couBol.coup 

100    I  IjIompblB  City  coupons.,.. 


Joly  81, 1875.] 


THE  cIrRo^^cLK 


109 


3nvtBtmtn\s 


AJfD 

STATE.  CITT  AND  CORPOKATION  FINANCES, 

The"  loTMtora'Supplemeat"  ispablished  refraUrlroa  tbelut 
8«tarda]r  of  e«eh  month,  aad  farnWiad  to  ftll  regnUr  lobiieribers 
ol  the  Chvoxiclb. 

ANNUAL    REPORTS. 

XichJ^aii  Central  Railroad. 
(Report /or  the  year  tnJing  May  31,  18TS.) 

Tha  earnlogs  oftue  wboie  property  of  lheCompaor,dar!D(r  the 
7«ar,  ware  •7,10i;M8  41  ;  oprntior  eipenar*.  incladioK  Uzei, 
|S,O«8,O07  7«;  \t».^\ag  lor  oei  earaioKf.  $3,031,188  «.  The 
gtOM  eaniioKt  the  jaar  before,  wera  |7.63'1.081  70 ;  opermting  ex- 
Maaaa,  KJ^»fi*A  S»  ;  net  earoiBn,  fa.llO.lSS  81.  The  total 
decraaae  in  the  net  earnings  from  u«  likoU  buiinet  ot  the  Com- 
pany waa  178,230  68 :  tliat  apoa  tka  aMi»  Um  waa  |70,591  88 ; 
and  opoa  ibeleaaed  lines.  95.650  37. 

The  following  ubie  ihowi  tlie  aanings  and  expenses  of  the 
main  line  and  branches  during  the  year,  separately  : 

anMEai 

IMallaa •ft.tos.i 

JoUalDlTMaa 

Oamt  Wmt  Vailm  DIvtilaa. 
T  '     I  r  -  •  So.  Bavu  Dir. . 

Haaios  IN*««sa 

■aaihBnd  IN*tsioa „.. 

jMfcaOB  IsiwlM  M 
OlTiitoB 


tMEariiiapk 

ir.Tii  m 

«S.MttM 

•r.<ei  M 

S4.(/W  tt 
t«.«M14 

factum 

•t,i«im  la 

t)(.mM 
iT.a«n 

IMMU 

mt,<ut* 

an  Baralflff*. 
•  I.Ttl,4IO  • 

n*i*  tt 

mm  51 

3i.no  » 
■,«a6u 

Ma,«n« 

TotaU tl,tO>.iM41       tl.0H.IX7n       •t.OM.iaB  IS 

Tha  mala  Una,  la  this  lUtemeot,  ladndea  the  Atr  Lane  also, 
which  la  simaly  a  do«bla  track,  aod  nasd  aa  such. 

Ptasldeat  Joy's  report  Is  al waj«  on*  of  the  most  elaborate  and 
moat  interesting  pabltahed,  and  if  tpaos  paimlttad  we  should  ba 
g'ad  to  pabliih  it  entire.     He  tays  : 

"Tbs  whole  reanlt  of  the  yetr'i  baalasss,  as  the  Board  are 
again  eoopelled  to  suie,  will  carrr  wUh  it  bot  little  eneoursge- 
meot  to  stoekbolders.  and  it  will  add  b«t  litt.e  to  it,  when  it  is 
stated  that  tbs  operating  oxpenvea  of  tha  past  ysar  hare  been,  as 
thay  are  stated  Id  the  aeeouata,  iii  laawn  by  chargiag  to  them 
Iran  snspcndad  aeeonnts,  maor  claima  ontstandinjr  for  a  long 
time,  bat  now  8 nally  adjusted, oi  ilm  grass  snm  of  ^18.783  which 
properly  should  have  been  charged  sflaat  the  reTeanos  of  prior 
ysara.  Instead  of  sgataat  those  of  thispiat  ysar." 

And  yst  thsia  has  has*  an  actual  flOMldasabla  iaetaass  la  tha 
quantity  ol  boalaeas.  Tha  lacmase  ot  tonnage  moved  over  tbe 
road  darlag  the  y^r  \9!TX-\  ovrr  tUal  of  any  prior  ysar,  waa  the 
very  large  amoac'  .  tok.H  Tbe  grcn  tonnage  moved  that 
ysar  was  I,3U>&<  .rin^;  ilie  past  year,  tbe  groas tonnags 
movrd  was  l,84l;28U  tuns,  being  ao  iacnaae  ct  47JB8  tons  over 
that  of  1873-^  Ths  Incrsaas  lUsu  has  baan  oe  both  ibroagh  and 
local  tonaage.  Tha  towMga  moved  in  aaeh  of  tbe  last  Ave  rears 
is  as  f  illows : 
taian    M.1Wt0Ba|Inlflt. ...  I.«l(.m teas. 

■■int t.i*Mi>  -     iBt«T4  ...  tjm.tH   - 

lawn...... tMCm  ■*   lutm  ..  i,stt,xM  - 

PrsaltaA  Jot  agala  orgaa  that  the  immeaae  improvsmenia  on 
his  road  vara  ahsoTataly  raqnired.  *od  says :  "  To  have  ramalnad 
rtallaaary,  wHboat  tha  capacity  to  da  tha  ealargsd  boslneaa 
rasslag  apo*  It  In   187tk^and  which  than  clogged  It.  laallsing 

ould  hava  beaa  tbs  direct  way 
ots  of  all  nst   reveanss  trom  its 


"The  maltiplication  of  throujrh  lines  of  care,  for  the  ihrongh 
freight  basiD«8«,  l.y  the  various  road«  between  the  We»t  and  the 
East,  is  a  source  of  Ki^at  annual  expense  to  all  companies  over 
whose  roads  they  run,  unless  each  company  has  its  full  quota  of 
cars  in  the  lines.  The  cost  to  this  rompany.  lor  the  use  of  such 
ears  during  the  last  year,  was  1356.000.  This  is  so  (treat  a  bur- 
den that  the  Board  has  provided  lor  seven  hundred  new  cars, 
which  during  the  Spring  have  been  put  upon  tbe  road,  to  be  used 
where  they  will  best  counterbalance  this  large  annual  charge. 
Tbe  money  to  pay  for  tbera  waa  provided  for  by  an  equipment 
mortgage,  and  by  a  pledge  of  the  sinking  funds,  which  will  be 
released  to  this  Company,  by  the  payment  of  the  remaining  bonds 
falliog  due  in  18^-.},  and  which  are  provided  for  by  the  bonds 
nnder  the  ten  million  mortgage,  set  apart  for  that,  and  which  can 
be  used  for  no  other  purpose." 

TRIAI.  BAI.ANCE,  VICHIOAIt  CKNTRal.  RAILBOAD,  MAT  31,  1875. 

Z>r. 

Cash »M>.Mt  M 

Chicago  land  aceoant l««,tM  67 

RandrTMcaritlesandaceoDDls. IM.1W)  M 

Jackson  land  aceonnt i3,ini  St 

JoUet  *  Horthem  lodlaaa  Railroad  al'cK Ifl8,ns  OO 

Jackaoa  I/iaalng  A  Saginaw  Railroad  atack 376,710  tt 

Oonatnctioa  accoant  ST,Ma.««  SB 

AasMa  la  haods  of  a  F.  UTamor*.  Local  Treasorer M.SM  «0 

AaseU  In  hand*  of  J.  F.  Joy,  President 10:.7<7  71 

MataciaU  on  hand 315.198  96 

OfaadBlvarTallar  RallroadconalmetloasceOBBt..... 917.101  00 

lOcblgao  Air  Line  Railroad  cooatractionaecoaol 3.806,769  8S 

Kalaaaaoo  ft  Soo'h  Daveo  RaUraad  eooatnictlon  arcennt 1M,9SS  34 

JoUat  *  Narthrm  Indiana  RaUnsAaooatractioa  accoant S9,118  91 

8  Blfe  Bend  A<r  Una  Railroad  eoaametioaaceoaol M,«I6  (0 

Jacfcaoa  Laoalna  *  Sasiaaw  Rallraad  coa«tni<  tlon  accoaat e!M,9rr  OB 

IXtroitABaTOitrRanraadCoiniiaaT.  1IH,116  » 

Chicago  A  Mlchlcan  Lake  Shore  boBda 86,170  08 

OetroTt  Hllladale  A  Indiana  bonds 8.I7S  00 

DetrollKelHlTcr  Jt  iniooltbonda 4,U0  OO 

H.  H.  Baaaewell  and  N.  TbaTe^,  tiasteaeeqalpmeBt  boada....  S86,000  00 

BUIarsodvaMe    10.K8  M 


Total $St.438,ni  4S 

Or. 

ByeapUslslBek tlS.'NS.SIM  00 

By  baad  swissls ll.n^aBO  oo 

By  8  per  eaal  Ai<^ln«  mortiiate 1,900.000  00 

By  SBJiald  dlrMenda  and  coapoBS U.T87  13 

By  bllla  payable 770,015  18 

^  Isrwma  acooaat „.... 1. 639,1 66  U 


P  -       - 

iroa  it  tha  rales  only  of  1S74-9,  wo 

I*  tka  le«al,  or  nearly  tha  total  loss 


Tha  lata  par  toa.  par  ttlla,  on  all  fnMt  awriad  in  1865  waa 
8  8100e*ata.  Oaa  ysar  lat«r  It  was  8  iklW  eaata.  Two  years 
later  stilt  U  wsa  9  •  100  cwils.  In  18W  It  waa  1  9<«:i00  eacts. 
Two  years  later  It  waa  1  SS-'I(«  c- nt«  In  1N74  It  waa  180-100 
eaau ;  sad  last  yea*  It  waa  raducrd  \<>  1  18  KXI  canu  p«r  too  per 
mile.  Tb«  toaaaga  m  'Ved  the  Uat  yaar,  as  sUlad  above,  waa 
l,Ml;280ta«M.  Coald  wa  have  realixed  Ika  rata  par  ton,  par  mils, 
which  ralsd  la  1089,  tan  Tears  ago,  tbaawalaits  from  this  bosl- 
Mso  waald  have  hosa  |9.74l  JW8  00,  whOa  Ihaisal  saralnga  were 
aalr  |S;SMJM7  01— a  dlfriaoce  of  MJMi,18t  68.  Had  «•  >«. 
esivad  tha  rate  of  1870,  Bve  years  later,  aad  oaly  Ave  vaaro  ago, 
tha  aaralaga  from  this  aonica  would  iawa  baaa  |84Q8.M6  hS, 
whila  tha  real  aarali^a  wata  9tjmjM  01— making  a  difTereaoa 
if  19.811,878  M. 

"  TIm  greni  caaaes  which  have  afli>ctad  T««r  property  ara  not 
tha  lease  of  this  or  that  latnral  road,  thaagh  tomporarily  thia  baa 
•  af'Ct.  A  liule  tima  will  ttany  aU  aooh  raanlU  from 
Tha  maiiofa  which  have  mmttf  tmpaind  tb«  roTe«. 
aaa  of  tha  cocapaay.  ha««  hsan  wholly  bip«ad  tha  control  of  tbe 
■sal.  Thoy  are  largely  perniaoSBl.  Bnttt  la  now  hardly 
r tha3  tha  worst  haa  aot  lieeo  rsaebed.  It  Is  now  c|ait« 
eartaia  that  tha  f  Blare  will  ba  one  of  iacreaalng  revenoe,  with 
lacisaaaof  btuiaaaa.  It  Is  also  csrtain  tbat  tbe  rmalu  ol  tha 
aeoaomloa  bagua  aad  in  progrras.  will  bamsch  more  marked  la 
tha  sasl  llNa  la  tha  past  year,  'there  aa^  craa  now.  indioatloaa 
af  aa  IttptOSauwili  la  sevaral  elasaes  of  haNssw.  Paseanger  rat««, 
aad  lataa  oa  aB«a  aiasaaa  of  freight,  hava  boon,  or  will  b'.  reator- 
cd.  Diaooasloa  hstwtea  rnrat  eompanleS^aad  involving  all  others 
la  their  eonasqaaacaa,  wiD  eaaas  Therola  promise  of  aUundant 
harveau  In  tha  Waot.  New  roads  can  pilMily  again,  for  many 
years,  be  bnllt  to  injnro  tha  old  noee.  Whh  the  aalorml  IncrraMt 
Of  hastacas,  snd  with  only  soeh  rates  antbocnadition  of  things  will 
allow  aa  to  realise,  but  a  abort  liin"  n  It  he  nxjalnHl  tu  restore 
thavalaaof  thegroaili  <ioly  fmmlaersasad 

lailiiM.  aad  aot  (rom  a^  <  4se  o(  rataa.thongh 

thaia  will  ba  aa  impnramaat  ia  tUcio. 


If  Has  of  road  owned. . 
Total  aqalT.  alagle  liaeli. 


TotU 834,438,771  tt 

COMrARATIVB  aTATBHBITr  VOH  TOUB  TBABB. 

Saud  sag  MfMlimii'l.  _ 

Wn-tl          l«79-n.  187*- 74.         MTMS. 

3M                3i»^  am                888 

413  480 

••18  •634 

•M«  aSU 

tm  310 

ISO  U8 

4,180  4,«l 

y  J(aU  Ziaa. 

153417 
794.3I8 


TSttI  aUlaa  opatatad. 


liaiacsriL. 

riatcht  irala  can.... 


3t» 
451 
7*6 
IM 
110 


4M 

•984 

919 

311 

198 

4,9tt 


fWSflSfflvds  ttVOMAa 

WfrfA  CMnCB*  IttCM.. 


^-  s. 


slan- 


Olhar  asraliwa 


318.7«),1tl 
l.«87.3M« 

tjtn,tm9t 

34«klM«0 


148,318 

10) 

C4I.6:i 

-      119 

848,018,}I3 

I.1a^718  tt 

3.n«9n4t 

3n,6M*l 


taSbisi 


tSSm 

9a8;ots 

sttsilGss 

ijoksr.  78 
4,a«imit 

I9«.«83a 

SI8J88.g08 

1.798,717  88 

3.ttl.1«7  01 

39«,»a  10 

6,181.937  77 
8,863,811  58 


l.«;6.761  or  1,919.134  19 
631.103  70       891,596  68 


•  ladadae  Detroit  A  Bay  Clly  Raihaad  aad  bnoeb. 

ntmetal  OM^KHnaf  Ctaat^r  AbeA  Ttar. 

Chpilal  93scft I7.ir,0«ai  IMK.38I  38  IA|48,3ni  00  18,798,904  90 

iSlsiiskt  ..      6,901^PllUE3niUl|i53n  00  13,986,800  CO 

HIBspayal* '. SSUMT!        80.«1  T3    I,(M.4M  77       170,015  16 

BUaaeaof  iMnmaacoosDI     tM JM  «       Tt4.8  5  91    I.S'<3,9n  98    1.6<9,769  14 
Olhw  sac  u  aad  lUbUIUja      7«8MSt       131,466  U       139,8M  51        K.''9t  in 


TMalUabUlllas 


Adv'aWbaMchrsaaa.Ae.  3,819,81 
Aa^eftaTlUeatvar...    STx.'^ 


.tS,S67,0tt  »  81,318,807  16  34,141,797  «  34,438,ni  43 
.l».iaM99  61  9IMM80  91  3S,lilS,A17  5i  97.Mn.S94  86 


^artaa^  csah  ea 
sad  sMontoa«l 


8 

iaa,9»M 

l.UI,940  9t 
353,m« 


4,Sni.lM  •» 
4SV11I  l» 
310,074  00 

1,497.749  79 
9M,4M  34 


4.«a6.SM  •>» 

1,0CI.1II  s« 

4St,sOI  91 

913,3Mn 
S1S,'iS0  15 


«.7««,6«3  88 
513,950  K 

101.948  64 

I.I7I.6M  76 


Total  propwty  aad  asaeta  tt,867.0d9  «  Si,816,9in  15  31,141.717  36  34,438,771  43 

OENBRAL  INVE3TMBNT  NEWS. 

Chlrago  *  North wrateni  Conttolidated  Gold  Bonds.— Tha 

Treasurer  of  the  Company  haa  lately  imued  a  circular  in  regard 
to  the  character  and  8<-cariiy  of  these  bunds,  whi'ch  states  that  tbe 
mortgase  providea  for  atoul  issue  of  $48,000,000,  reserving  there- 
from ^,840,000,  which  can  be  issoed  at  the  opiiou  ol  tiie  Com- 
pany, but  oaly  in  snbetitutlon  of  other  prior  bond.-t.  wliich  are  re- 
cited in  the  monirage, and  were  oolatanding  at  llin  date  thereof 
to  amount  of  f  18.74tf,')00.  the  aame  being  the  bonds  of  the 
Conaoliilated  Chicago  It  Northwestern  Railway  Company,  and 
covering  1,01')  miles  of  railway,  at  ao  average  rate  of  f  17,700  per 
mile. 

KBaervation  is  siso  made  for  tbe  bonds,  payment  of  which  is 
aaeumel  bv  the  Company's  trnarantee  or  by  ownership  of  the 
lines,  to  amount  of  $ia,50'9,.'i00.  These  latter  bonds  cannot  be 
substituted,  except  upon  consolidatloB  of  their  respective  roads, 
whereby  the  ilea  of  tbe  mortgage  ia  extended  over  the  same, 


110 


THE  CHRONICLE. 


[July  31,  1876 


This  mortgage  is  necured  by  Hen  on  all  the   franchises,  income    Funding  Board  has  been  directed  by  a  mandamus  to  fund  them, 
and  property  of  the  Company,  consisting  of  1,058  miles  of  railway,  |  The  other  levee  i>Bue  was  held  invalid, 
with  all   the   equipment,  depot   grounds,  &c.,  subject  only  to  the  ^  —..__.. 

.. f__! u?_j-      .;__.„  »1Q  TiQ  KAO    «...„*I7  7ftn    n^r 


liens  of  prior  bonds,   amounting  to  $18,749,500,  or  to  |17,700   per 
mile. 

The  increase  of  bonded  debt  consequent  upon  the  issue  and 
sale  of  the  whole  irsue  of  gold  bonds  would  be  |12,051,0t)0,  which 
is  equal  to  119,000  per  mil*-  for  the  1,058  iniles  constituting  the 
Consolidated  Chicago  &  Northwestern  Itailway  covered  by  the 
mortgage.  Up  to  the  Ist  of  June  last,  $9,758,000  of  the  bonds 
bad  been  sold, leaving  $2,893,000,  which  maybe  disposed  of  here- 
after. The  total  of  bonded  debt  will  then  be  $31,400,500,  for  the 
1,058  miles,  which  is  equivalent  to  $29,700  per  mile  of  road,  the 
actual  cost  of  which  is  upwards  of  $59,000  per  mile.  The  net 
earnings  of  said  t'ompany,  after  payment  of  operating  expenses, 
rent  of  leased  roads,  interest  on  bonds,  including  the   interest   on 


Padncah  &  Memphis. — Philo  C.  Calhoun  and  Lewis  C.  Meyers 
of  New  Yorli  have  instituted  suit  in  the  a  United  States  District 
Court  for  West  Tennessee,  on  behalf  of  the  first  mortgage  bond- 
holders of  the  Paducah  &  Memphis  railroad,  to  foreclose  the 
mortgage. 

Kockford  Rock  Island  &  St.  Lonis  Road.— In  the  case  of  the 
Union  Trust  Company  against  the  Kockford  Rock  Island  &  St. 
Louis  railroad  company,  Juige  Drummond  hag  made  a  decree 
which  includes  the  following,  as  given  in  the  Chicago  Times  : 

First :  The  mortgage  executed  on  June  15.  1868,  covers  all  of  the  railroad 
north  of  a  point  on  the  main  line  due  cast  of  Burliugton,  Iowa,  and  was  given 
to  holders  of  the  first  series  of  bonds  numbering  from  t  to  5,000  Inclusive.  If 
the  property  on  sale,  as  hereafter  mentioned,  is  insufficient  to  meet  the  de- 
mands of  the  first  mortgage,  the  bondholders  are  entitled,  for  any  balance  due 
upon  said  first  bond  series,  lo  share  the  proceeds  nro  rata  with  the  holders  of 
■•       ■       ■       ■--' 16,000  to  9,000,  of  all  the  other  property 


gold  loan  bonds,  were  $1,366,167  54  for  the  fiscal  year  ending  May  I  the  second  bond  series,  nnmiH-ring  from  .,,_„_,,  -     -      _ 

Qi   »    iQ~>:  .  T  f       >  ■I  o         ^   (  covered  by  the  second  mortgage  of  Oct.  «8,  1868.    Under  any  circnmsWi.ces 

olst,  10*0.  ,  ,    ,  i  .  .,,    t  J     ,  the  holders  of  the  second  series  of  bond«  are  not  entitled  to  any  part  of  the 

Erie. — On  the  first  Monday  of  August  a  motion  will    be  made  !  proceeds  of  property  covered  by  the  mortgage  of  June  I5. 1868.  unless  there 
by    Josiah    Uichards   and   John    Livingston,   in    Supreme    Court ,  should  b^a  surplus  after  moetinpthc  dein«ndi<_oJ  the  bondholders  of  the  first 


Chambers,  for  an  order  vacating  the  election  of  directors  of  the 
Erie  railway  company,  which  took  place  on  the  18th  of  July,  and 
for  a  new  efection.  The  papers  in  the  case  are  voluminous,  and 
consist  of  affidavits,  which  embody  the  objections  to  the  election 
which  were  made  by  John  Livingston  and  others  at  the  time. 

Gilman  Clinton  A  Springrfleld.— T.  E.  Hinckley,  Receiver  of 
the  Oilman  Clinton  &  Springlield  Railroad,  has  prepared  a  report 
for  the  first  half  of  the  year  1875,  which  states  that  the  receipts 
have  been  :  Freight,  $90,627  01 ;  passenger,  $21,752  44 ;  miscel- 
laneous, $7,377  37.  Expenses:  Operating,  $94,511  65;, net  earn- 
ings, $34,245  17. 

Joliet  Si  Nortll.  Indiana. — Bonds  of  the  Joliet  &  North.  Indiana 
railroad  were  issued  to  the  amount  of  $800,000,  at  eight  per  cent 
interest.  The  road  wa^j  leased  to  the  Michigan  Central  railroad 
company  at  an  annual  rental  of  $89,000,  of  which  $64,000  were 
applied  to  the  payment  of  the  interest  on  bonds,  and  the  surplus, 
$35,000,  was  paid'  as  dividends  upon  the  Joliet  &  Northern  Indiana 
stock,  most  of  which  went  into  possession  of  the  Michigan  Cen- 
tral stockholders.  The  bonds  maturing  in  1873,  the  holders  were 
offered  new  bonds  at  six  per  cent  or  the  option  of  foreclosing  the 
mortgage,  and  thus  obtaining  an  unequipped  railroad,  the  lessee 
claiming  that  the  lease  would  be  extinguished  by  a  foreclosure. 
Judge  Blodgett,  ot  the  U.  S.  Oistrict  Court  in  Illinois,  has  just 
rendered  a  decision  in  favor  of  the  Irondholders  and  against  the 
Michigan  Central  railroad,  requiring  the  latter  to  pay  over,  to  a 
receiver  tlie  entire  annual  rental,  the  surplus  to  be  applied  to  the 
payment  of  the  principal. 

Lonisiana  Leyee  Bonds. — A  despatch  from  New  Orleans, 
July  29,  says :  Yesterday,  the  Supreme  Court  of  Louisiana, 
sitting  at  Monroe,  passed  on  some  of  the  important  cases  sub- 
mitted to  them  under  the  Funding  law.  The  Court  decided  Acts 
Nos.  32  and  115  to  be  constitutional,  and  consequently  the  bonds 
known  as  the  Four  Million  and  Three  Million  Levee  issues  to  be 
valid.  Most  ot  these  bonds  are  held  in  Europe,  and  over  $1,000,- 
000  of  them   have  been    received  in  this  city  for  funding.     The 


series.  The  property  is  to  be  sold  altogether  and  not  in  several  parcels.  The 
value  of  the  land  covered  by  mortgage  of  June  16  Is  .37  per  cent  of  the  valne  of 
the  entire  property  of  the  road,  and,  as  the  principal  sura  of  both  Bcriea  are 
doe,  the  property  must  satisfy  it. 

Second:  The  Kockford  Kock  Island  &  St.  Lonl"  Railroad  Company  must 
pay  to  the  Union  Trust  Company  of  New  York,  within  five  days  after  this  de- 
cree, the  sum  of  $11,451,68,^  90  in  gold,  with  interest  from  ilay  24,  1875,  and 
costs  of  the  suit.  Of  this  sum  $6,254,211  S8  arc  due  on  the  first  series  of 
bonds,  and  the  balance,  $4,9^*7.316  62  on  the  second  series. 

Third;  In  default  of  payment  the  mortgaged  premises,  inclading  the  entire 
property  and  branches  of  i lie  Company,  are  to  be  suld  by  Mr.  Bishop,  the 
master  In  chancery,  as  onn  property,  and  not  in  several  parcels,  to  the 
highest  bidder  at  auction.  The  terms  of  the  sale  should  be  $200,000  in  cash 
and  the  bslanco  at  such  a  time  as  the  court  may  determine. 

Fourth:  Out  of  the  purchase  money  received  by  the  Master  In  Chancery,  he 
shall  first  pay  the  cost  of  this  f  uit.  then  turn  over  $42,506  95  1 1  the  Union 
Trust  Company,  as  its  allowances  for  expense.-*,  compensation  and  counsel 
fees,  and  ^=8,400  ai'  counsel  fees  for  the  intervening  ix  udholders,  and  $29.- 
3(i2  20,  with  ten  per  cent,  interest  from  June  15,  1875,  to  the  Orion  &  Miners- 
ville  Railroad  Company,  due  to  it  under  contract  or  terms  of  lease.  The 
Minersville  Road,  upon  such  payment,  shall  then  convey  by  deed  its  entire 
line  to  such  individuals  as  may  have  purchased  it  under  the  sale.  When  these 
payments  have  been  made,  the  Master  in  Chancery  shall  hold  the  balance  of 
the  money  at  the  direction  of  the  Court. 

Fifth  :  Tne  Masier  shall  pay  over  the  balance  or  the  proceeds  of  sale  to  the 
Clerk  of  the  Court,  who  shall  apply  the  same,  under  the  direction  of  the  Court, 
to  the  payment  of  the  bonds,  coupons  and  certificates. 

Rntland  Railroad. — A  meeting  of  the  stockholders  of  the 
Rutland  railroad  was  held  at  Rutland  July  28.  The  directors' 
report  urged  that  the  control  of  the  Rutland  railroad  revert  to  the 
original  managers,  cutting  loese  from  the  Central  Vermonl  rail 
road. 

Article  11  of  the  contract  between  the  two  roads  provides  that 
the  Rutland  directors  can  enter  and  re- possess  their  road  whenever 
the  Central  Vermont  fails  to  pay  rental  within  sixty  days  after  it 
becomes  due.  The  report  shows  that  the  amount  withheld,  now 
due  the  Rutland  road,  is  $231,610  63.  According  to  the  contract, 
the  Rutland  road  gave  thirty  days'  notice  to  the  Central  Vermont 
that  they  proposed  to  run  their  own  road,  because  the  Central 
Vermont  bad  broken  its  obligations.  The  thirty  days  expired  on 
the  26th  inst.,  and  the  Rutland  road  is  preparing  to  commence 
legal  proceedings  as  soon  as  possible. 


RAILROADS   IN    THE   STATE   OP   MICHIGAN. 

(Returns  for  the  Year  Ending  Dec.  31,  1874.) 
By  the  courtesy  of  Hon.   Stephen  S.  Cobb,  State  Commissioner,  we   are  enabled  to  present  below  the  leading  statistics 
of   all  the  railroads  in  the  State  ot   Michigan  for  the  year  1874.       Only  one    company  of   them  all  declared  any  dividends,  and 
that  company  was  the  Lake  Shore  &  Michigan  Southern,  which  paid  one  dividend  of    3J  per  cent.      This  cmdition  of    railroad 
affairs  in  a  prosperous  State  like  Michigan  ought  to  be  sufficiently  unfavorable  to  please  the  most  irreoressible  of  Grangers. 


stock  paid 

Funded 

Float'g 

Sostofroad  Passe'g'rsl 

Freight 
(tons) 

s«s 

Pass'ger    Freight 

Total 

Dperat'g 

Net 

Naxe  of  Coxpant. 

l°l 

up. 

debt. 

debt. 

equipment 

one  mile. 

carried 
one  mile. 

3  2  a^ 

earnings  earnings. 

gross 
earnings. 

expenses 

earn'gg. 

$ 

$ 

t 

$ 

t            .  $ 

t 

$ 

« 

(14)Chlcago  A  Lake  Huron. .. 
Otalcago  &  Mich.  Lake  Shore.  .. 

2.32 

(1)5,775,000 

5.140,000 

2,142,420 

12,679,420 



232 

127,627       201,379       345,399] 

256,8?a 

90,117 

246 

(1)1.511,167 

6.6.30.000 

1,093,167 

7,011,683 

8,708,271    12.367,481 

246 

261,248       371,868!      B8S,445l 

536,84:i 

146,608 

Chicago  &  Norlhwe:'lern 

(2)170 

(1)36,478,353 

29,668,500 

(3)66,5:8.0H-' 

111,2.36,321,  31,907,814 

1,990 

3,223,373 

9,.351,31 113,361,6(101 

8,582,422 

4.779,268 

Chic.  Det.  &  Can.  G.  T.  June... 

.59 

978,984 

1,095,000 

. 

8.073,984 

(4)               ..      ... 





Detroit  and  Bay  City 

(H)Detroit&  Milwankec 

(6)Detroit  Hillsdale  cfc  Ind 

114 

1,331,450 

2,331.000 

200,066 

(5)3,862,450 

4,593,042     8.078.674 

114 

126,906 

250,597 

390,;-33 

889,9  it 

100.417 

191 

2,517.1J0 

7,123,29-! 

907,695 

12,116,234 

36,010,405 

191 

448.625 

641,938 

1,151,206 

9)4,472 

206.734 

64 

344,098 

1,470,000 

141.494 

l,.i41,77H 

64 

56.822 

:32,8.38 

6:3,  ^SI 

47,329 

16,422 

Detroit  Lansing  &  Lake  M 

Flint  &  Pere  Marquette 

179 

1,678.101) 

6,054000 

41)3  875 

6,520,796 

7,460,721 

21,321,746 

179 

822,393 

559,671 

807,697 

439,254 

372,443 

279 

3, 208.200 

6,468,980 

1,59(1,439 

11,738.430 

12,831,419 

(7)2:32 

881,861 

600,368 

1,020.561 

692,4.39 

480,987 

Port  Wayne  Jackson  &  Sag  . . . 

KXt 

(i)i,l5i,noo 

2,000,000 

2^2,268 

.9,169.2:31 

5,051.301 

100 

91,856 

168,483       277, ^2, 

180,805 

96,418 

Orand  Kapids  &  Indiana 

385 

2,800.C0fl    8,000.00( 

351,179 

10.909,973 

12.62:3,086 

25,872,854 

335 

386.014 

698.385;  1,175,883 

759.203 

416,680 

(ll)Traverse  City 

26 

205  000       250  000 

38,467 
223,738 

.  458,  :W2 
1,366,959 

239  842 

26 

10,595 

U  514         25,102 

15,7.'ia 

.      9,349 

Orand  R.  Newaygo  &  Lake  S... 

36 

533OU0       676000 

35 

83,075 

86.958       1.35.139 

63.839 

71,319 

Hecla  &  Torch  Lake 

4 

100,000     none. 
50,000,000  36,511,000 

73,060 
none. 

173,060 
79,159,999 

1,038.400 
999,342,081 

41,368         41,:368 
11,918  349117,146,130 

75,057 

Lake  S.  &  Mich.  8.  &,  branches. 

i.ns 

173,224,572 

1,176 

4,S49,622 

11,152,371 

5,993,769 

Branches  of  L.  S.  in  Mich.— 

I 

1 

Detroit  Monroe  &  Toledo 

f9)es 

414,100       924,000 

none. 

8)1,291,968 

(9) 

(9) 

(9165 

(9)123,438 

(9)i38.375 

(9)376,618 

(»> 

<? 

Kalamazoo  Allegan  &  G.  R... 

(9)5t 

610,00C 

840,00i: 

none. 

(8)1,450,OOC 

(9) 

(9) 

(9)58 

(»)(10,367i  (9)94,616 

(9)169,9.57 

(9) 

(9) 

Kalamazoo  &  White  Pigeon.. 

(9)3t 
(9)61 

2,SO,90( 

60o,onc 

none. 

(8)«10,00( 

(9) 

(») 

(9)38 

(9)43,114'  (9)68,515 

l9)i:6,r.40 

(9) 

(9) 

Not  them  Central  Michigan . . . 

(10)610,000 

1,525,0011 

none. 

(8)1,347,491 

t't) 

(9) 

(9)61 

(9)41,067 

(9)82,4.Vi 

(9;78,237 

(9) 

'•\ 

(ll).Mansf.  Colowater'A  LiiKe  M. 

1! 

29,622 

4,400,0n( 

160,134 

11'         2,88:1 

6.232 

8,242 

7.3.56 

885 

Marq.  Houghton  &  Ontonagon. 

8-. 

2,306,60( 

5.456,t)0( 

769.89S 

8.261,6« 

1,818,235 

16,S12,652 

S8i       9:i,965 

776,744 

882,971 

483.941 

399.0:32 

Michigan  Central  (ma'n  line)... 
Branches  of  Mich.  C.  RR.— 

m 

13,738,204 

10,786,000 

98,288 

27,119,821 

71,897,177 

313,401,083 

789 

1,818,307 

4,022,588 

6,189,2N3 

4.058,948 

2,O70,:305 

Grand  River  Valley 

mw 

491.2O0 

1,500.00(1 

(13)1,992,000 

5,162,348 

4,92:),939 

81 

I5.J,.329 

141,021 

307,615 

210.110 

97,504 

Jackson  Lansing  &  Saginaw. 

(12)23 

)'        1,966.891 

4,:M7.00I 

44.00( 

(13i6,248,00( 

8,474,02; 

1S,8.')7,791 

23ti 

862,816 

446,691 

718,402 

432,3K8 

286.033 

Kalamazoo  &  South  Haven. . . 

(12)3< 

75,00 

710,001 

(13)710.00( 

1,115,189 

875,335 

3! 

3«,9I0'        .39.883 

75.84f 

44.14: 

31,705 

Michigan  Air  Line    

(12)1  i 

(13)2.500,0li( 

2,083,6671    1.474.27( 

11. 

67,290 

69,78! 

145,81C 

2I7.5U 

(MiMichigan  Lake  Shore 

5 

r^        460,nn( 

880. 00( 

107.7.35 

1,442,30- 

5" 

3:3.086 

47,09" 

84,80 

59,13- 

25.666 

Mineral  Range 

1 

1           101,68, 
1             '.5,00C 

167  50 

82  10( 

335  9^' 

772  IW 

512,296 

1' 

3S  955 

60,07- 
3.674 

91,12 

56.78f 

43,338 

Paw  Paw 

e 

i.5.no( 

10,000 

80,000       

< 

4.32C 

9,98' 

9,3)- 

646 

Saginaw  Valley  &  St.  Lonis  . . . 

i 

i\          2«5,54:i      4l(i,CKX 

13.761 

793,148        870,92" 

1,194.01? 

(16)3-1 

28.606 

80,30 

112,13 

51,81( 

)      61.123 

(14)St.  Clair  &  Chic.  .Mr  Lino  . 

i 

r             ...■           325  OM 

1           514.4001        ■■■UAif 

148,8W 

16'         9,7641         6,6421        18,68' 

12,2331        6,4.55 

*  Including  main  line.und  branches,  bat  not  second  track  and  sidings. 

(1)  Issued.  i  (9)  Included  in  L.  S.  ,fc  M.  S.  main  line. 

(2)  In  Michigan.  I  (lOi  Subscribed. 

(3)  Whole  line.  1,989-88  miles.  j  (11)  Operated  by  the  G.  R.  A  I.  Co. 

(4)  Records  burned.  |  (12)  Included  in  M.  C.  RR.  total. 

(5)  Cost  of  road  only ;  equipment  furnished  by  M.  C.  RR.  I  (18)  Road  only  ;  equipped  and  operated  by  M.  C.  RK. 
(8)'.S9ld  under  mortgag.-,  February.  1875;  new  company  formed.  I  (14)  In  hand"  of  receiver. 

(7)1  Forty-eight  miles  of  this  line  coinoletud  December  7,  18r4,  (16)  5  68  miles  of  tracK  leased  from  J.  L.  &  S.  RR. 

(8)  Cost  of  road  only ;  no  equipment  ever  owned.  I 


July  Sl»  1875.] 


THE   CHRONICLE 


111 


(ioSmER(TrAFEPITOME. 

t'WSA.T  NioHT.  July  30.  1875. 

The  &aiara  of  Danean,  Shermmn  ft  Co.,  annoiuiced  on  TaewUy, 
piMipiUted  a  panic  U  cotton,  and  caaae<t  a  decline  in  price* 
which  haa  ilnce  been  only  partially  reoorerod,  but  in  otlier  ataplea 
of  mercliandiae  had  UlUa  efl«;t.  The  lailure  of  the  Commercial 
Warehouae  Company  ana  two  booaea  in  the  grocery  trade,  on 
Wadneaday,  had  a  depreaning  tasdeBcy  in  that  brancli  of  bnsi- 
BMi,  and  eanaed  a  alight  decline  In  sugar.  The  speculation  in 
bieadstnffi  haa  sabaid«d,  and  prleea  have  declined  materially. 
Violent  atorma  hare  impaired  crop  proapecta  in  the  Weat  and 
Northwaat.  The  week  haa,  therefore,  been  an  erentful  one  In 
baiiaaaa  mattera  ;  and  eren  if  nothing  farther  ahouid  occur,  some 
daa  moat  alapae  before  trade  .eaa  be  reatorad  to  an  equable 
tampar. 

ProTiaioua  have  shown  a  drooping  teodenry  in  many  of  the 
leading  artielaa  of  this  branch  of  trade.  Meia  pork  has  declined 
to  990  M^n  eaah.  990  80930  89  for  the  first  of  Aagast,  and 
$91(991  10  for  September;  and  lard  haa  fallen  to  13  IMOc.  for 
fiimt  Western  steam  for  August,  and  18  13-lCc.  for  September, 
bat  there  followed  in  both  caaea  aone  reoorery  from  theaa  prieaa. 
Baooa  aad  cot  maata  hare  also  dareloped  some  weakneaa.  the 
demand  hariug  greatly  falleu  o&  Beaf  of  all  deaeripUona  haa 
mlad  firm.  Batter  haa  adTanced  fbr  the  finer  gradea,  and  eloae* 
It  sally  Chesae  haa  worked  up  }^^.  on  the  Soei  gradea,  bat 
doasa  qolat  aad  barely  ateady.  To-day,  maaa  pork  wa«  eaaiar, 
M  |90  tOfltl  larfl«pt«Bbar,  and  bid  fell  off  to  ISfOlS  ISlfc. 
for  the  sawt  noaih,  the  market  for  proviaiooa  ahowlag  la  other 
partleulara  vary  Uttla  change. 

Bio  coffee  waa  aetire  early  in  tha  week,  and  pri«aa  wore  ad 
vaaead.  with  tha  aV>ck  reduced  to  10,447  bags ;  bat  other  growths 
ware  In  ample  aopply  aad  dull ;  atoek  of  Java,  53,261  mats,  and 
ot  other  growtha  6,490  bag*  aod  16JH  mala.  Rica  haa  baaa  firm, 
with  a  demand  for  Baagooo,  to  arriTe.  at  |9  80,  gold,  par  100  Iba. 
Miilsssis  baa  adTaoead  to  37e.  for  SO  test,  bottha  eloaa  la  dall. 
Sugars  were  higher  early  lo  the  woak.  bat  doaad  doll,  diooplag 
anaetiled,  onder  the  combiaed  lafloenoa  of  laiga 
at  (ailoraa  ia  the  trade. 

1.4M  & 


Bxporta  or  iieaAlUK  Articles  Irom  New  YorK. 

The  t'ollowing  table,  compiled  from  Custom  House  returns 
shows  the  exports  of  leading  articles  from  tbe  port  of  New 
York  since  January  1, 1875,  to  all  the  principal  foreign  countries, 
«nd  also  the  totals  forthe  last  week, and  since  January  1.  The 
last  two  lines  ihnw(o(a««a^ua*,including  tliH  value  of  all  other 
artidea  beaidea  thoae  mentioned  in  tha  table. 

••'   3"         Jf  8  "  '°'       ^ 


and 


atoeka 


BmttliHm,  MHk MMM  •«■  lts,«5  ia.«« 

•wakJa^a.  MM M.'W  MMM  iM.eto  rr, 

Kentaeky  tobacco  haa  oontlnuad  oalet,  notwltbatanding  the 
bad  crop  report;  lag*.  »ilOi<- ,  aad  leaf.  12833c;  the  sale* 
for  tha  woak  aabtaoad  400  bbda.,  tt  «kkh  900  was*  for  aiport 
and  laO  for  ooaaMBUoa.  Tha  filawM  LoolrrUto  had  little  or 
DO  affect.  8a*d  laaf  haa  boan  qnlal  bat  firm ;  tha  salaa  ambraoo : 
(>M  of  1879. 99  CMsa  PeaaaylraalaM  99ic.  Vl  eaaaa  BtoM  at7|e.: 
«Mp  of  1879.  SO  eaaaa  MaaaacbnaaUa  at  Itk.,  379  flaasa  Paanayl- 
vaala  at  TMHS^e.,  aad  900  caaM  flo— letloit  oa  prtrau  laraa ; 
•ad  orop  of  1874.  44  eaasa  do.  oa  priaata  tanoa ;  alaa,  990  eaata 
•aadry  kiada  at  7(i8Se.  Spanish  tnbaasn  haa  rated  hlf  hor  aad  la 
(air  denaad ;  tha  aalaa  ware  SSO  bate*  Havaaa  at  8Ba.Ml  17. 

Tbora  haa  baaa  a  alaady  baalncoa  la  ocaaa  frsighla  daring  moot 
of  tha  poat  waok,  aad  totaa  cootiaoad  to  aaow  Impfaromaat, 
berth  looat  aapaelallr.  grain  to  Llrarpool,  by  aiaaoi,  haiag 
SMM^.  at  ooa  pariod;  bat.  latterly,  the  liiiht  damaad,  ooaaa 
qoaM  apoa  Hiall  aloeka  hen*,  has  slightly  redaosd  rotaa.  Cbai- 
tafa  hara  ramalaad  firm  throughoat ;  la  fact,  tha  rataa  ara  bald 
abo«a  ahlppns'  Umho,  aad  a  altgbt  daeUaa  woald  aot  be  aarpria- 
lag,  aiiiaiilialaillBi  Um  limited  oft«ia«a of  room ;  lata  oa^«a- 
■••la  aad  chatlanlMlada  :  (irain  to  Uvarpool.  by  staam.  8i« 
8|4.:  do.  to  Loodoa.  by  sail,  81d-.  loar,  do.,  3a.:  grata  to  Cork, 
far  ordais,  fiaisl  lo  arriTO,  7a  0d.<iTiL  >il(|9s;  reflnad  patroleam 
to  tha  CooUaaai.  Sa.  8d.;  erode  do.  taBavrs.fia.  Sd.;  refined  do.  la 
aaasa  aad  barrels  to  Alicante,  30e.  gold  aad  8s.;  refined  in  bbia, 
Philadatphia  to  tha  Baltic,  •».  Od.  To  day.  then  was  a 
11  baaiasaa  at  abeat  alaady  ratea  for  berth,  aad  firm  rataa  for 
«m.  Oiote  to  Llvarponl,  by  ataam,  7f'ieid.;  cotton,  at 
id.;  taCaad  pa«r»!aaa  to  the  Ballfa,  *lHal  te  arrive,  at  Oa.  8d.; 
do.,  from  Phlladalpkto  to  the  CootiaaM.  Sa.  74d. 

Thatw  haa  baaa  a  nwderate  buslaato  la  roain  at  aboat  ataody 
flgorea;  eomaoa  to  good  strained.  $1  OS^fl  70;  there  la  aome 
asport  damaad.  bat  tha  high  rates,  togathar  with  the  scarcity  of 
frtight  room,  laalitat  bialnasa  8p<iUa  larpentinn  sold  well  at 
99H  aotil  at  iba  aloM^  wbaa  a  ilsitlis  took  plscf  to  3>c..  with 
Utttedolag.  Bataad  patrolaam  oloHa  aaaiar  at  i:^Jll|c  tot 
pMMpi  dallTary,  altar  a  weak  of  dalaaaa.  Crada  la  balk  ra 
mttmt  aboot  alaady, 
ft|e.  farapot  aad 
bat  aboat  steady 

FMl  havo  baaa  la  good  damand  aed  almoat  'alaady.  Uaaaad 
oil  haa  ralad  taaaaat  80«9u,  io  caibs  gad  barrels.  Crude  aperm 
haa  baea  la  Cair  daoMwd,  with  salea  000  bbla.  at  New  Bedford,  on 
priTato  tarma;  qaotaJ  at  fl  80.  Other  oUa  qaiet  and  unchanged. 
Hldsa  have  baaa  la  (air  damaad  and  traiar ;  salaa  of  dry  Monte- 
vldao  at  SSfc  gold,  4  moaths,  aod  City  slaaghtar  ox  at  Oie.  eor- 
reoay.  Whlakaraiaaad  qolot  at  $1  91.  Tallow  haa  baea  fairly 
•etlTa  at  SKiS  lS-19«i 


r,  mnmr    m    w«««   v*   ^amammmm,      v>rHU«    in    viua    re- 

sdy,  owiag  to  the  fiia  Creek  adTieaa ;  qaolad  at 
Aagaat  dalirery.     tagot  copper  haa  boaa  qaiet. 
r ;  salaa  160,000  lbs.  Uka  at  nfaiSe  eaah. 


•Siof 


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l^U^i    ' "         —   - 


s 


•    ^  •  is 


::=:«:|.i3E?iag2i:-ii:5i 
i:2j?— :§:|S:8:::SS«g:i:§:ig 

-    ■  ■* -'  ■  is 


Ii 


I  =    :  nn*  ■  .5  is*S  ^S  :  ;85|P85g858?8  '  88 

•fS 


i88  18  -|g  :iHi  :5  ■■U%  -:8S  iSSisi^SSs  i^S   Si 

w  ^  m  m      •,■*, 

hl888  i«  ;i  :  iga  i*-2i2  =88  ili  8«8  :»  :g8  iil 


:J|t!":|i|S 


11 


.a  :g  :  :|   SSS  :g  : 

If  i 

i  ;«  •  :8  :  :5 

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•  :  :  :  .   IJ  :  ^,- 

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a  i  i  :  i  :  :  :  :  i  :  :  :  :e  i  "1  I  :  ;  ililll"  ii  JJ  '  — 
■•::-:::--:::':i:::8-: 


IPS8 


i-j ;  i  I :  • :  i :  i : :  if  i :  ;l  i  I  i*  ; :  i :  i ;  :i 

tlJililH^lJiilMhllliJ 


112 


THE  CHllONICLE. 


[July  31  lS75. 


Import*  of  beadlac  Artlelea. 

Ths  following:  table,  cotupilnd  from  Custom  Housx  rnturnR 
shows  the  foreiga  imports  ol  leading  articles  at  tbig  port  since 
Jan.  1, 1875,  and  for  the  same  period  of  1374  : 

[Tbeqasntltrisglrenln  pscia^oa  wh«a  not  otherwiss  specified.] 


Since       Same 
Jan.l,'TS.  time  vni 


Siiloa,   QIaiia  and 
Barthenware— 

Obina 

Barthenware.  . 

aiass 

Glassware 

QIass  plate 

Bnttons 

Coal,  tons 

Cocoa,  bags.. 

OolTee,  bairs 

Uatton,  bales 

Drags,  Ac- 
Bark,  PeroTlac.. 

Blea.  powders. . . 

Cochineal 

Cream  Tartar... 

Qamblar 

Gam,  Arabic 

lodlgo  

Madder 

Oils,  essential.. 

Oil,  Olive 

Opiam 

Soda,  bl-carb.... 

Soda,  sal 

Soda  ash 

Flax  

Fara 

QnnnT  cloth 

Hair 

Hemp,  bales 

Hides,  Ac- 
Bristles 

Hides,  dressed.. 

India  robber 

Ivory 

Jewelry,  Ac- 
Jewelry  

Watches 

Linseed 

Molasses 


7,430 

«u.5;45 

»74,980 

15,749 

6,209 

4,365 

30,444 

15. 609 

•75.070 

8,476 

17,749 
18.46S 

3,oeu 

330 

7,899 

?,657 

3,':  34 

1,181 

749 

S5.303 

486 

16,300 

84,657 

84,13" 

5,397 

6,040 

1,413 

4,893 

74,331 

996 
8,791 
33,585 
2,225 

1,876 

460 

574,,594 

85,091 


8,478 

M,4S5| 

»53,731 

16,592! 

5,413 

3,722 

25,047 

15,395 

9-il,819 

2,214 

19,955 

16.23J 

9,937 

768 

25,867 

3,025 

S.8D5 

1,188 

530 

30,306 

1.161 

30,449 

39,170 

29,19! 

6.400 

8,778 

625 

».6;9 

120,114 

93) 

4,986 

33,075 

1,316 

1,777 

567 

471,959 

83,850 


Since 
Jan.l,'7&, 


Metals,  Ac- 
Cutlery 

Hardwaie 

Iron j'KR.  bars... 

Lead,  \>ig» 

Speller,  lbs  .... 

Steel  

Tlu,  boxes 

Tin  slabs, lbs... 

,Rag8 

[Sugar,  hhds,  tea.  A 

bbls 

Sugar,  bxB  A  bags. 

Tea  

I  I'obacco 

iWaste 

[Wines,  &c — 

Champagne,  blca. 

Wines 

Wool,  bales 

!  Articles  reporttd  by 

value  m- 

Cigars 

Corks 

Fancy  goods 

Fish 

iFruits,  Ac— 

Lemoas...  ,.., . 

Oranges 

Nuts 

Haisins 

Hides,  undressed. 
Klce 


Spices,  Ac- 
Cassia 

Ginger 

Pepper 

Saltpetre 

iffoods — 

Cork 

Fastic 

Logwood , 

Manogany  — 


3,3» 

1,791 

18,002 

B1,3S4 

604,276 

53,306 

585,737 

4,444,630 

81,661 

45J,.379 
1.424.032 

601,989 

33,889 

1,200 

63,320 
10.\212 
32,114 


t9n).621 

47,534 

580.W5 

127,307 

350,3,34 
1,705,221 

601,878 

714,687 
6,671.140 

300,622 

150,739 

64,413 

379,470 

14!t,956 

206,917 
46,512 

3.16,438 
72,72- 


Same 
Ume  1S7« 


3,538 

1,720 

1885S2 

130,693 

1,199,157 

66,039 

615,277 

6,fl2B.078 

72,695 

483,365 

7;i8,3»i 

';2«,.S87 
58,  W5 
2,490 

70,590 
110,076 
38,612 


$1359.413 

47,143 
553,577 
109,002 

796.467 
1.296,079 

821,801 
1,085,575 
8,111,005 

625,114 

51,101 

63,077 

399,999 

340,350 

158,353 
16,914 

161,353 
68  470 


Receipt*  or  Domeatlc   Produce. 

The  receipts  of  domestic  produce  since  January  1, 1875,  and  for 
the  same  time  in  1874,  have  been  as  follows  : 


Since 

Same 

1   . 
1 

Since 

Same 

Jan.1,'75. 

time  1874 

1 

Jan.1,'76, 

time  1874 

Ashes pkgs. 

6,088 

5,478 

Oilcake..,. 

.  pkgs. 

136,493 

93,859 

Breadstuffs— 

1,889,921 

2,390,413 

Oil,  lard.... 

4,0:6 

86,881 

1.728 

Flour bbls. 

Peanuts.  .. 

..baga. 

22,592 

Wheat bush. 

12,172,154 

25.191,5:7 

Provisions- 

Cora 

11,151.083 

17,5:12,633 

Batter  ... 

.pkgs. 

513,431 

487,739 

Oats 

4,854.758 

5,472,522 

1    Cheese... 

955,00:) 

861,699 

Kye 

73.5ii5 

434,72S 

Cntraeats 

198,1:17 

232,931 

Barley  and  raalt. 

1,1.30,467 

668,7931 1    Ksirs 

3S2,037 

310,044 

Oraas  seed.bags. 

51.470 

34,684 

Pork 

105,366 

86,5:17 

39,355 
2.14.593 
74,522 

40,244 
326,649 
134,223 

Beef.  ..  . 

17,024 

178,0dl 

8,724 

15,734 

Peas    bu^h. 

Lard 

17:,903 

C.  meal bbls. 

Lard 

.kegs. 

84,521 

Cotton bales. 

367,927 

541,897  !Rice 

.pkgs. 

13,143 

13,589 

Hemp bales. 

Hides No. 

1,567 

1,307  921 

7,8:l'i 

2,327 
1,060,395 

Starch 

304,823 
13,796 

44,731 

306,844 

Stearine 

13,673 

Hops bales. 

9,839 

Sugar 

.bbls. 

Leather.  ...sides. 

3,3(17.978 

3,124,002 

Sugar 

Talow 

.hhds. 

12,901 

284 

Molasses,.  .  bbls. 

83,707 

33,406 

.pkgs. 

9,737 

22,597 

Naval  Stores— 

Tobacco    . . 

100,606 

118,3:)3 

Cr.  turp,  ..bbls. 

4,593 

3,400 

Tobacco 

.hhds. 

80,0)7 

67,793 

Spirits  turpeu... 

35,.30i 

44,981 

Whiskey... 

.bbls. 

99,033 

117,875 

Rosin 

393,  He 

272,905   Wool...'.,.. 

.bales. 

3ii,0S3 

47.050 

Tar 

17,007 

37.984  Dressed  Hogs . .  No. 

46,833 

106,793 

Pitch 

409 

3,363' 

COTTON. 

Friday,  P.  M,,  July  30,  1875, 
By  special  telegrams  received  to-nigUt  from  the  Southern  Ports 
we  are  in  possession  of  the  returns  showing  the  receipts,  exports, 
&c.,  of  cotton  for  the  week  ending  this  evening,  July  30.  It 
appears  that  the  total  receipts  for  the  seven  days  have  reached 
2.377  bales,  against  3,513  bales  last  week,  3,408  bales  the 
previous  week,  and  0,531  bales  three  weeks  since,  making  the 
total  receipts  since  the  first  of  September,  1874,  *3,473,054  bales, 
against  3,793,931  bales  for  the  same  period  of  1873-74,  showing  a 
decrease  since  September  1,  1874,  of  319,277  bales.  The  details  of 
the  receipts  for  tuis  week  (as  per  telegraph)  and  for  corresponding 
weeks  of  five  previous  years  are  as  follows: 


UaoalTed  this  week  at- 

1375, 

1874. 
1,327 

:«) 

572 

m 

2)1 

607 
5 
153 
911 
1.35 

4,574 

1873. 

1873. 

1871. 

1870. 

Kew  Orleans  ,,,.balas. 
Mobile 

339 
84 
680 

"Vi 
193 
lU 
492 
8 
27 
430 
21 

2,871 

1,76» 

612 

[     2,338 

'        931 

\        893 
3,731 

188 

2,134 

41 

461 
41 

21li 

111 

93 

SW 

1 

287 

72: 

63 

4,518 
673 
895 
834 

1,581. 

1,373 

'i«3 
1        578 

1,463 
202 

705 

Savaonali 

Galveston 

1,500 
250 

Tenaeaise.Ac 

Florida  

1,938 

North  Carolina 

62 

Norfollc 

City  Point,  *c 

470 

Total  this  week 

12,255 

2,566 
2,706,117 

10,900 
3,563,247 

6,61! 

TotalilneeSept.l,.. 

•3,473,654 

3,792,931 

2,349,036 

The  exportd  tor  the  week  ending  this  even'.oj;  reach  a  total 
of  0,480  bales,  of  which  ■'iJi  were  to  Ureal  Britain,  03^  to 
France,  and  5,3'3l  to  the  rent  ol  the  Continent,  while  the  stocks, 
aw  made  up  thid  eveuin.if,  are  now  135.53>  bales.  Below  are  the 
exports  and  slocks  for  (he  week  aad  also  for  ihs  corra^ponding 
week  of  last  season. 


DizporceU  to— 

Total 

thi. 

week. 

Same 
week 
1874, 

B«juK. 

9f6)*ken(1lDtf 
July  80. 

a.  Brit. 
S43 

lio 

France 

633 

683 

850,161 

Contln't 
427 

4;365 

23 

5,S2l 
435,8.33 

1875. 

1814. 

Sew  UrleiiDt 

Mobile 

Uharieston... 
Sivnniiih.... 
Qalveaton  .... 
New  Torit. 
Other  ports'. 

5,«i7 
91 

6,480 
2,659,601 

•.',771 

ia,:5« 

14,327 
2.7il4,OJ6 

4,6)1 
674 

2, '24 
6S.S9S 
35,0U) 

22,861 
5,201 
<,IU 

Kwno 

4,  89 
101,614 

26,IX«l 

Total    ... 
Since  Sept.  1 

5!l 
1,378,582 

133-593 

176,319 

•The  exports  this  week  under  tlie  head  of  "other  portH"  Include  from  Haiti* 
more  25  bales  to  Bremen,  and  Ironi  Uoi^toa  66  bales  to  Liverpool. 

Y^S"  Our  telegram  from  New  Orleans  to-night  shows  that 
l>eBide8  the  above  exports  the  amount  of  cotton  on  shipboard,  and 
engaged  for  shipment  at  that  port,  is  as  follows:  For  Liverpool, 
2,.500  bales;  for  Havre,  1,:')00  iiales ;  for  Continent,  500  bales ; 
for  coastwise  ports,  .500  bales;  tola!,  5,000  bale.n ;  which,  if  do- 
ducted  from  the  stock,  would' leave  18,000  bales  representing  the 
quantity  at  the  landing  and  iu  presses  unsold  or  awaiting  orders.] 

From  the  foregoing  statement,  it  will  be  seen  tli>tt,  compared 
with  the  corresponding  week  of  last  season,  there  is  a  d6irea»e 
io  the  exports  this  week  of  8,047  jalej,  while  the  stocks  to- 
night are  40,734  bale-  leas  than  they  were  at  this  time  a  year 
ago.  The  following  is 'ur  usual  table  shuwlni;  lbs  movemeqt 
ol  cotton  at  all  the  ports  from  Sept.  1  to  July  33,  the  latest  mail 
dates : 


PORTS. 

aauKiPTB 

SI!(0a  88PT.  1. 

SXPOaTBD  SIHOC  SBPr 

I  TO— 

Coast- 
wise 
Portt. 

Great 
Britain.  France, 

Other 
For'ftn 

131,r,!T 
SB,3~ 
34,27j 

12;),4M 
10,>«7 
45,633 

1,050 
3.583 
22,857 

430,537 

Total. 

13)4.   1     :873. 

New  Orleans,.. 

Mobile 

Charleston*  ... 

Savannah 

Galveston*  .... 

NewTork 

Florida 

994.111 
t3l9,.87 
440,270 

S!(7,737 

sro,7i5 

157,263 

12,59U 
101,005 
408,415 

W,3;9 

1212,914 
2:6.819 
4:M,l;'i 
6H,S23 
391,-53 
196,lr76 
12.U59 
6l,S8S 
49;l,«32 
50,383 

5«,i63 
86,815 
l'.i;,666 
863,678 
2ill,J9S 
3;i,031 

11,325 
63,621 
83,103 

1873,061 

243,933 
8,1.30 
42,334 
SI1,(WI 
3  496 
11,610 

849,5*1 

983,601 
I3i,:)ia 
271.2M 
4i3,1 12 
221,759 
428,341 

15,375 

10n,0«5 

164,4  8 
191,581 

168,721 
196,592 
141,328 

12,590 
S5,4i3 
8U',401 

23,600 

4,257 

899 

3,018 

7S,IK9 

No.  Carolina,,. 

Norfolk" 

Other  porta.... 

439 

s,om 

21,500 

Total  this  year. 

3471,2nt 

2653.121 

1304,116 

135,816 

Total  last  year. 

...   L'n8S,357 

1805.174  1  363,679 

610,716 

2719,569 

1134,280 

187,707 

•  To  thia  total  we  have  added,  at  Mobile,  1,034  baleti  beiog  corrections. 


•  Under  the  head  of  Ch'trlpfiti-'n  la  tn';luded  Porr  Royal,  &c  ;  under  the  head  of 
G'a/pe^tonls  included  lndlanola,&c.;  under  the  head  of  Norfolk  is  Included  City 
Point.  &c. 

t  in  this  total  are  include  1.  th's  week,  1,094  bales  at  Mobile  for  "corrections," 

The  market  this  week  opened  firm,  with  a  fair  spinning  de- 
mand, but  on  Monday  quotations  were  reduced  \c.,  and  on  Tues- 
day, under  the  elTect  of  the  failure  of  Duncan,  Sherman  &  Co., 
there  was  a  reduction  of  fc,  followed  on  Wednesday  by  a  fur- 
t'ler  reduction,  carrying  middling  uplands,  new  classification, 
from  14|c.  on  Saturday,  to  14Jc.  on  Wednesday.  The  "  lock-out" 
at  Lancishire  and  the  threatened  closing  of  mills  in  Massachusetts, 
together  with  the  removal  of  apprehension  of  injury  to  the  grow- 
ing crop  from  an  overflow  of  the  Mississippi,  were  depressing  in- 
fluences  which  contributed  to  the  depression  caused  by  the 
failure  above  mentioned.  Yesterday,  there  was  a  recovery  of  ^c. 
in  quotations,  with  a  fair  1)usine8s  for  consumption  and  export  ; 
and  today  with  Liverpool  higher,  and  reports  with  regard  to  the 
flood  less  favorable,  there  was  a  firm  market  with  a  fair  business 
for  consumption.  For  future  delivery,  there  was  on  Saturday  a 
considerable  improvement  in  prices  for  the  later  months,  specu- 
lation being  stimulated  by  the  advices  of  a  threatened  overflow 
of  the  Mississippi  River.  But  on  Monday,  this  danger  was  dis- 
pelled, and  under  the  advices  of  an  extensive  closing  of  mills  in 
Lancashire  and  Massachusetts,  with  an  inkling  of  the  disaster 
to  the  house  above  mentioned,  which  was  public  on 
Tuesday,  there  was  a  great  pressure  to  sell,  and  in  the  two  days 
prices  declined  for  all  months  9-16@Jc,  This  decline,  great  as  it 
was,  had  little  effect  on  tlie  standing  of  otlier  houses,  and  one 
unimportant  failure  only  was  reported.  On  Wednesday,  not- 
withstanding a  further  reduction  of  spot  quotations,  futures 
recovered  l-16c.  on  the  early  months  and  Jc.  on  the  later  months, 
Liverpool  proving  to  lie  less  afl«<?ted  than  was  anticipated  by  the 
failure  of  Duncan,  Sherman  &  Co.  Complaints  of  a  weedy  and 
unproductive  growth  in  tlie  plant  in  portions  of  Tennessee,  and 
drought  at  other  points  iu  the  South,  had  some  effeci  also  in 
supporting  the  market.  Yesterday,  there  was  at  the  opening  an 
advance  of  \c,  in  the  whole  list ;  but  the  demand  proved  moder- 
ate and  the  advance  was  wholly  lost  at  the  close,  for  the  later 
months,  and  only  partially  sustained  for  tlie  earlier  months.  To- 
day, there  was  a  general  improvement  of  3  aSJiJc,,  but  the 
demand  was  not  active.  Liverpool  advices  were  strong  on  the 
spot,  but  easier  for  futures  ;  and,  as  stated  above,  Memphis  indi- 
cated renewed  danger  of  an  overflow  of  the  Mississippi.  After 
'Change,  there  were  sales  at  14  5-83@14  3 10c.  for  August, 
13  15  10c.  for  December,  14tc.  for  January,  and  14  5-lGc. 
for  February,      Tlie   total   salee    for     forward    delivery    for 


July  3i    1876  j 


THE  cmiOXICLE. 


lis 


thf    T 
ba 


>•  tMiM,   luoliKliai; 


fr««   oa  bokrd 


.  tbe  total  Milea  foot  up  this  week  G,:S2'3 
T   Bipciri.   Ijlll  for   cousumpliou,  nCS  for 
lu  iruiiit.     uf  tlid  above,  —  balef  wore  to 
Tbe  followinK  arr  tli»  cIo«lii|{  quotktion*  : 


D»lu<l«.       tumm*.  1    OMMU. 

Tuaa 

S»5iuiy::;.-:.::r.*; 

nx*.         iiK«...    '  ta  •... 

»S«....     1     liU*.-.          I'H*.... 

It   «... 

nsf.... 

ISIlX... 

Baiow  w«  yiT*  (he  ■»!«•  o(  spv 
UfUmdtM  tUa  amrkat  -ii<-H  i •  r 


aad  (imDsii  cotton  Mid  price  of 
•yf  dta  paat  week  : 


tawieay. 


rmMlej..:. 
Wc«sei4a) . 
rkan4aj... 
rHdar 

Total 


Uoe- 

9p«C       ITK.- 

»Mt. 

Ma*' 

•U-a 

•11. 

r« 

11 

M 

4« 

A.. 

... 

:.»♦• 

M 

IJM 

.-.. 

«• 

-x 

•i 

M 

s^t 

yu 

Too 


,.^  _^1|  ^\-l 


I'H  M 

...    I    .... 


£■1 

I'M 

1Kb 
US 


For  forward  delivery  the  nix- 

ba*e  rekeiiftd  dariai;  the  w««k  Jl         .   , — „  .. 

en  tbe  ba«i«or  low  ai'i<l<tli'iK>.ai<'l  lUKtollowioi;  i*  a  •talomeBt  of 
the  aalfe  aad  price* 


free  on  board* 

i'l  \)\l•■^  (all  low  middUcjf  or 


ror  Jaij 

ell. 

■.t  ta-;* 


■m..^ t» 

JM Utf-H 

.«• UK« 

a» 11  u-!i 

H 

!t4  l-M 


■ta.  a. 

tarn. 

fl>a.a*i 

UJf 

t.fi' 


(ittn 


for 
ijuu!.. 
»^   • 

I.M... 

KW... 
IJBU... 


.':.*i 


'5|- 


II  >.~i  I 

^alalDae.       ! 


llj*)t«(air*b. 

ror  Man*. 

■• IIV 

a*. .11  .>S 

a«. M\i 

tm. u  »-u 

m It  kit 

It  ti-«< 

.I<H 

II  1*4. 

11  1- 1* 

..   II  im 


1.  «i  I       sv*  . 

>a\  B:: 


.>•  i>:i 

.  ...Uh 
.l4tMII 

II  u.  a 

•   ;iH 

u  r 


.1  i>  w 


ijm.. 
\jm.. 


...     IIS  I 

.11  I**;! 
.  It  t-i4I 


1 .  :    L  _«• 


beea  aada 


ll-U  , 

it«     l.WletalMar- 
1  :-l4 1 

rar  Jaae. 

wt a  t'Vk 

•B Ik  ll-M 

-  .  u  %  I     Ni  leial  Jaaa. 
dnrtog  the  week ; 


The  followlos  will  ahow  apot  quotaitawaad  th*  tloalag  prieaa 
bid  (or  fatarea  at  the  aareral  datea  aaai«d: 


x^im  BtBeus*  art-taet-uLa  ai 

rn.  iUl  Uoo.  Ta«a. 


"^  Tkan.        rtt. 

•IH  .  Iiv 
l««. 
M  >J 


II 

II I-; 


l«H 


?%i 


I* 
Ul 


WKATHItK    RKTOm    BT 
Willi  rrgard  to  th<>  crop  tro 
South,  Icaa  faTora' 
lapraTemeDt.     In 
lower  half  of  the  - 
tba  aOMlltiao  of  ti. 
wbara  pioaialoff. 


■porta  to  otirbt 

aectloD  of  tha 

•  i%»   \\iej  allow  aoma 

i*r«  had  ralo  io  tba 

>   inuch   oetKlM),  aod  now 

»ppaara  to  be  ainioat  xteTj- 

laoa,  Arkanaaa  and  Miaaiaalpci, 


an,  oo  tba  whole,  dotac  Tar/  wall ,  thoof  h  of  eoaraa  in  each  of 


those  States  there  are  pointa  from  which  the  reports  are  not  to 
entireljr  satisfactury,  but  nach  districts  would  appear  to  be  quite 
,  limited.  In  Alabama,  howerer,  and  Ueorgia  and  South  Carolina 
!  a  Terjr  considerable  section  ia  needing  rain  badly  ;  while  in 
Tenneaaes  the  Memphis  district  is  in  daor>er  of  sutferinvr  loss  from 
the  flood  which  our  correspondent  tonight  KtateR,  i-t  inevitable, 
though  otherwise  the  crop  in  that  section  i«  doin)^  well. 

Oalv«*ton,  Texiu. — There  baa  been  rain  here  this  week,  the 
rainfall  reaching  forty-tive  hundredths  ot  an  inch.  Crop  prog- 
pecta  are  now  generally  good,  though  souie  localities  are  still 
needini;  rain.  The  thermoioeter  baa  averaged  US,  the  highest 
being  ttO  and  the  lowest  70. 

jMianoia,  Texas. — It  Las  rained  this  week  to  thu  extent  of 
three  inches  aod  vixty  one  huudredtli»,  and  the  coudition  of  the 
cotton  plant  is  now  fair.  The  theruiouieter  has  averaged  84,  tha 
hijrhesi  being  V6  and  the  lowest  71. 

Curneana,  I'ex.i*. — We  have  bad  more  rain  this  week,  the  rain- 
fall reaching  two  inzheii  aod  eiglily-two  hundredths.  Crop  pros- 
peeta  are  now  very  good.  Tbe  tbermometer  has  jiversged  84,  the 
niirbeat  being  9S  ami  the  lowest  70. 

New  OrUatu,  Loninnna. — It  rained  on  five  days  the  past  week, 
local  showers,  the  rainfall  roachini;  one  Inch  and  thirty-five  hun- 
dredtha.     Tbe  thenuometer  has  avragcd  84. 

Skmtport,  iMuinanit. — Our  telegram  Irom  this  point  has 
failed  to  reach  us. 

Yielulturg,  Miuiuappi.^  -6nr  Vickabarg  telegram  has  failed  to 
come  to  band  aa  we  go  to  press. 

CaiumlnUy  Mittunppi. — There  liavs  been  local  showers  on  one 
day  thia  week  in  the  country  tributary  to  Columbus,  but  no  rain- 
fall here.  Tbe  thennomeler  haa  averaged  80,  the  highest  being 
to  and  tbe  lowest  76. 

LUUe  Rork,  .flnfcan»M.— Rain  fell  here  on  Saturdar  and  Mon- 
day last  ;  the  last  three  days  of  tbe  week  hare  been  clear.  Cropj 
are  in  excellent  condition.  Average  thermometer  80,  highest  94 
and  loweal  07.  ToUl  rainfall  for  tbe  week  one  inch  and  twenty- 
eight  handredths. 

NaakmlU,  rMOMSM.— We  are  having  too  much  rain.  There 
were  aix  rainy /Jays  the  past  week,  a  toUl  r.iinfall  tor  the  week 
of  one  Inch  an9  thirty-seven  handredths.  Average  thermometer 
19,  bigheet  91.  lowent  OS. 

Memphit,  Ttnntttft.—HtAn  fell  on  thr<>e  days  of  tbe  paat  week 
to  the  extent  of  one  aod  furty-aioe  hundredtha  inches.  The  crop 
la  developing  promisingly,  although  we  are  having  too  much 
rain.  The  tbermoiurler  baa  averaged  8(1,  having  ranged  between 
73  and  88.  The  tributtry  river*  are  higher ;  no  injnry  baa  yet 
b-^n  done,  hut  mach  damage  ia  ieared  from  the  river.'  which  ia 
atill  riaing,  and  an  overflow  would  now  seem  to  be  inevitable. 

MMU,  Al'ibama.—Tbti  weather  the  paat  week  haa  been  warm 
and  dry,  no  rain  having  fallen.  Oop  aeoounta  ai«  leaa  favorable. 
Mach  damage  ia  feared  from  the  drought,  and  in  aome  localillea 
it  >•  lielieved  some  damage  has  alreaily  l>een  done.  Tbe  tber- 
■oiMUrhaa  been  aa  lolluws:  Highest,  97,  lowest  74,  and  aver- 
acaM. 

M0Ht§9mng,  Alabama. — Thore  was  only  one  rainy  day  here 
the  paat   week,  and  only  tbri"  ''Us   of   an    inrh    of  rain. 

Mac*  daoMga  ia  frared  from  il.  The  thermometer  haa 

avaiafad  97,  tha  highest  being  'Ji  anJ  tbe  lowest  7X 

&MM,  AUhama. — Tbe  wantkar  has  l>een  warm  and  dry  all  tba 
weak,  withoot  rain.  I'plands  are  shedding  and  crop  aocounla  are 
faoerally  leas  favorable.     Average  thermometer,  M. 

iMlaan,  i'Wufii.— There  waa  one  rainy  day  the  paat  week,  the 
rnlatali  reaching  one  inch  and  Ave  buudredllia.  This  rainfall 
haa  bean  only  local  The  mlddl*  crop  is  shrdding  badly,  and  ia 
BMk  la  a«od  ot  rain.  Average  thermometer  80,  highsat  Bl  and 
lowaat  81. 

JfMM,  Oavryio.— There  haa  been  no  rain  here  daring  the 
d  eropa  are  auS^Ting  in  oonaequence.  Average  thcr- 
89.   higbaat  99  and  lowest  79. 

AtUtmta.  0*oryia.— On  two  days  the  past  week  there  were  thun- 
der abowan,  the  rainfall  aggregating  eighty  one  hundredths  of 
aa  iaefa.  Toe  remainder  of  tha  week  waa  pleasant.  The  crop  la 
devloplag  pwiatngly .  Average  thermometer  87,  higbeat  00 
and  lowaat  78. 

(kiwmluB,  Otorgia.—then  waa  rain  here  on  one  day,  the  rain- 
fall reaching  forty  two  huodradtba  of  an  iucb,  but  it  waa  not 
snoBgh  to  do  mach  good.  Avange  thermometer  80,  higbeat  90, 
lowaat  70w 

Bammtmk,  OMfyia.— Rain  fell,  on  one  day.  to  tbe  extent  of  one 
hundredths.  Tbe  days  have  l>e«n  warm  aod  the 
lermometer  :  Highest  I<l0,  lowest  74,  average  9^>. 

AUfUtla,  Oaorwia.— The  weather  has  ruled  warm  and  dry  the 
paal  areek,  there  having  been  but  a  sprinkling  on  two  days,  the 
rainfall  reaching  thirty  hundredtha  of  an  incli.  Crop  acconnta 
am   leaa   lavorahle,  both  cotton  and   corn  being  sadly  sfTected  by 

'  drought.     The  cotton  plant   ia  shedding,  and   l>olls  are  drop- 
:  badly.     Tlie  th-rrnonieter  has  avt  raged  80. 

UhaHttla*,  SeutA  C'urirfi/ui.— There  was  no  rainfall  here  thia 
week.  Tharnometer  has  averaged  80,  the  highest  t>elng  04  and 
tbe  lowaat  79.  The  weather  haa  l>een  extremely  warm  aod  dry, 
and  the  crop  is  sutTxring  from  tbe  drought. 

The  following  statement  we  have  also  received  by  telegraph 
showing  the  he^bt  of  the  rivers  at  the  points  named  at  3  (Tclock 
tbU  afternoon  (Friday,  July  80).  We  give  laat  year'a  fignrea 
(Friday,  Jaly'Sl,  1874)  lor  comparison : 

^  Jaly  a),"7».-.  ^Jnly  81 .14.  -, 

_  Fsst.      Inch.  r««L       lacb. 

Rew Orlsaaa.. Below  hlgn  watermark •  9  It  a 

Mospfela. AtwT*  low-walarmark St  t  8ft 

Hastrvine'. Abort  low. irator  mark tS  ,1  t  ( 

VIckabarc.....  Above  low.wattTDiark 38  t  II  I 

New  Orleans  reported  below  hlfh-water  mark  of  1871  nntll 
Bapt.  9, 1874,  when  the  i«ro  of  gauge  waa  changed  to  blgh-wat«r 


InehnadgLx  hi 
algfeWliM^lbe 


114 


THE   CHRONICLE. 


[July  31,  1875 


mark  of  April  16  and  16, 1874,  which  is  eiOths  of  a  foot  above 
1871,  or  16  feet  above  low- water  mark  at  that  point. 

Crop  Reports  ok  the  Cotton  Exchanges  for  July.— We 
gave  last  week,  by  telegraph,  the  Mobile  crop  report  for  July 
and  now  give  all  others  which  have  reached  us  this  week.    Some 
of  the  Exchanges  make  no  report  this  week. 
({uestlons. 

First  Question.— What  has  been  the  character  of  the  weather  since 
June  l&th ; 

Second  Ctueatlon.— Haa  the  weather  been  more  or  leaa  favorable  up  to 
this  i>iTiod,  than  ilurlngsame  lime  lant  year  f 

Third  tiue«llon.— How  arc  the  stands  in  yonr  section,  and  how  do 
they  coiop^iro  with  same  time  last  year  f 

Foartb  Qneation.— Is  the  cotton  plant  formlns,  bloomtog  and  boiling 
well  ? 

Firth  tlueatlon.— Do  the  laborers  continue  to  work  well  ? 

Sixth  ftuenllon,— What  Is  the  present  condition  of  the  Cotton  Crop 
In  your  seciTon,  and  how  does  it  compare  with  same  time  last  year  f 

Seventh  Qiieatlou.— state  any  favorable  or  unfavorable  circumstances 
relative  to  the  crowth  or  condition  of  the  Colton  Crop  in  your  section  not 
covered  by  the  above  questions. 

Savannah  Department. 

This  report  covers  Northern,  UiddU,  and  Southweetern  Georgia  (belne  all  o  f 
Georgia,  ercept  the  28  counties  In  c'.iarge  of  the  Augusta  Cotton  Exchange) 
and  tlie  entire  State  of  Florida.  The  report  Is  prepared  and  Issued  by  the 
Savannah  Colton  Exchange  through  their  Committee  on  Information  and  Sta- 
tistics, composed  of  J.  H.  Johnston,  chairman,  T.  H.  Austin,  E.  I.  Moses, 
R.  W.  Simpson,  A.  MotTat. 

Georgia.— Condensed  from  153  replies  from  67  counties. 

AxswER  TO  First  Question.— 119  favorable  and  more  so ;  29  too  dry ;  4  too 
wet ;  1  less  favorable. 

Answer  to  Second  Qdestion.— 97  more  favorable ;  31  less  favorable ;  25 
same  as  last  year. 

Answer  to  Third  Quistion.— 124  good— better  than  last;  39  about  same 
as  last  year.  ^    ^       ^ 

Answer  to  Fodrth  Question.— 144  yes;  9  no— backward. 

Answer  to  Fifth  Question.- 15.3  yes. 

Answer  to  Sixth  Question.— 104  good— better  than  last  year;  22  same  as 
last  year ;  27  not  so  srood. 

Answer  to  Seventh  Qdestion.— 44  very  promising ;  6  same  as  last ;  35, 
some  complain  of  want  ot  rain,  rust.  etc. 

General  tenor  of  replies  indicates  the  condition  of  the  crop  very 
favorable,  clean  and  well  fruited,  except  in  some  locations  where 
rain  is  needed. 
Florida. — Condensed  from  36  replies  from  15  counties. 

Answer  to  First  Question.— 36  favorable  and  more  so  ;  some  want  rain. 

Answe  r  to  Second  Question —28  more  favorable ;  8  less  so — too  dry. 

Answer  to  Third  Question. — 'ii  more  favorable ;  4  less  so. 

Answer  to  Fourth  Question.— 31  yes;  5  not  so  well. 

Answer  to  Fifth  Question.— .%  yes. 

Answer  to  Sixth  Question. — 30  good— belter  than  last ;  6  not  quite  as 
good. 

Answer  to  Seventh  Question.- 32  very  promising,  clean,  well  worked, 
some  late  ;  4  needing  rain. 

Angusta  Department. 

This  report  covers  the  counties  of  Georgia  not  Included  in  the  Savannah  He- 
port,  and  is  issued  by  tlie  Augusta  Cotton  Exchange  through  their  Committee 
on  Informalion  and  Statistics,  composed  of  L.  L.  Znlavsky,  Chairman,  J.  J. 
Pearce,  E.  D.  Kelley,  E.  W.  Heard,  L.  C.  Nowell,  A.  M.  Benson,  Wm.  M.  Read. 

Oeoi^ia. — The  report  is  based  on  76  replies  from  28  counties. 
Average  date  of  replies,  July  15. 

Answer  to  First  Question.— Seventy-four  reply  very  favorable  and  sea- 
sonable ;  one  too  much  ratn ;  and  one  too  dry. 

Answer  to  Second  Question.— Seventy-one  reply  more  favorable;  five 
reply  less  favorable. 

Answer  to  Third  Question.- Stands  invariably  good,  and  better  than 
last  year. 

Answer  to  Fourth  Question. — The  cotton  plant  Is  formiag  and  blooming 
well,  and.  with  the  exception  of  late  cotton,  is  boiling  well. 

Answer  to  Fifth  Question. — With  two  exceptions,  the  laborers  are  work- 
ing well  and  satisf«ciorily. 

ANSWER  TO  Sixth  Question.— Seventy-three  report  the  condition  very 
good,  and  better  than  last  year.  Three  report  not  so  good,  and  later  than  last 
year. 

Answer  to  Seventh  Question.—  Favorable— the  crop  is  well  worked  and 
clean,  and  growing  finely.  Unfavorable- A  few  report  a  too  rapid  growth  of 
the  weed.    Three  report  some  slight  rus',  and  two  report  some  lice. 

Nasliville  Department. 

This  report  covers  Middle  Tennessee  east  of  the  Tennessee  River,  and  the 
following  Counties  of  ^/a*om«;— Lauderdale,  Franklin,  Colbert,  Lawrence, 
Morgan.  Limestone,  Madison,  Marshall,  Jackson,  DeKalb  and  Cherokee.  The 
report  is  prepared  and  issued  by  the  Nashville  Cotton  Exchange  through  their 
Committee  on  Statistics  and  Information,  composed  of  John  F.  Wheless, 
Chairman,  Thos.  B.  Sample  and  Oeo.  J.  Qoodrlch. 

Condensed  from  answers  to  over  200  inquiries — average  date  of 
replies,  July  31. 

Alabama. — 

Answer  to  First  Question.— 30  answer  good  rains  and  seasonable  ;  10  too 
wet;  5  light  rains. 

Answer  to  Second  Question.- Only  two  answer  unfavorable  for  cotton  ; 
the  balance  of  our  correspondents  say  "  more  favorable." 

Answer  to  Third  Question. — Majority  answer  stands  ffood  ;  12  belter  ;  5 
about  same  ;  6  not  so  good. 

Answer  to  Fourth  Question.— The  greater  part  say  very  well ;  a  few  com- 
plain of  too  rapid  growth ;  3  not  so  well ;  6  about  average. 

Answer  TO  Fifth  Question. — Yes.    8  reply  not  so  good  since  the  harvest. 

Answer  TO  Sixth  Question.— Quite  favorable;  8  plant  small  but  growing 
rapidly. 

Answer  to  Seventh  Question.  - 10  answer  none ;  9  too  much  rain ;  5  favor- 
able. 

Tennessee. — 

Answer  to  First  Question. — 43  answer  heavy  rains ;  15  say  fine ;  9  wet 
and  hot. 

Answer  io  Second  Question.  -51  answer  very  favorable ;  16  not  favorable, 
too  wet ;  5  about  same.  * 

A  nswer  to  Third  (Question.- 12  give  not  so  good  ;  62  good. 

Answer  to  Fourth  Question. — W  very  well ;  23  answer  no;  li  "  so-so." 

Answer  to  Fifth  Question. —  (tetter.    7  not  so  well. 

Answer  to  Sixth  Question. — 35  answer  very  good  ;  6  average ;  9  not  so 
good. 

In  this  connection  we  will  state,  last  year  at  this  time  we  were  in  the  midst 
of  a  terrible  drought.    So  no  jusl  comparison  can  be  made. 

Answer  to  Seventh  Question.— Plant  was  very  small  up  to  first  of  month; 
■Ince  which  time  the  heavy  rains  have  caused  it  to  make  too  much  weed,  and 
not  aqoatea  euongh. 


The  committee  add — We  can  but  re-echo  the  cheerful  tone  ex- 
pressed in  the  replies  received,  and  congratulate  you  upon  the 
increased  interest  which  our  planting  friends  take  in  answering 
our  questions. 

Withiu  the  last  lew  days  heavy  rains  have  fallen  over  the 
greater  part  of  our  district,  and  we  hear  great  complaint  of  too 
rapid  growth  of  the  plant,  and  fears  that  it  will  run  too  much  to 
"  weed,"  consequently  will  be  deficient  in  bloom  and  fruit. 
Some  little  complaint  of  insects  and  worms,  but  not  enough  to 
excite  any  anxiety.  We  trust,  however,  our  fears  may  all  prove 
groundless  and  that  we  may  be  blessed  witii  the  now  promising, 
abundant  yield. 

Norfolli  and  Portsmontli  Departmant. 

The  Norfolk  Cotton  Exchange  (H.  8.  Rsynolds,  Chairman  Committee  on 
Information  and  Statistics)  Issiioa  the  loi'.owing  report,  covering  the  State 
0/  Virqirita  and  the  following  Counties  in  Norlk  CarolirM:  Rutherford,  Lin- 
coln, Oatawba,  Rowan,  Davidson,  Iredell.  Burke. Wilkes.  Caldwell,  Alexander, 
Davie,  Forsythe,  Yadkin,  Stokes,  Surrey,  Rockingham,  Caswell,  Person, 
Granville, Warren,  Franklin,  Nash,  Wake,  Hyde.  Pitt,  Green,  Cartaret,  Craven, 
Beaufort.  Tyrrel,  Washington,  Martin,  Bertie,  Chowan,  Pasquotank,  Camden, 
Currituck,  Gates,  Hertford,  Northampton  and  Halifax. 

North  Carolina. — Condensed  from  55  replies  from  27  counties. 
Yirglllia. — Condensed  from  6  replies  from  4  counties. 

Answer  to  First  Question. — Twenty-four  replies  from  North  Carolina 
report  weather  very  favorable,  Twenty-five  replies  from  North  Carolina,  to 
July  8th,  as  very  dry  and  hot;  since  then  very  favorable.  Six  replies  from 
Norih  Carolina,  too  much  rain,  causing  too  much  growth.  Six  replies  fiom 
Virginia  report  weather  dry  to  July  7th;  since  then  seasonable. 

Answer  to  Second  Question.- Twenty  replies  from  North  Carolina  report 
weather  more  favorable.  Thirteen  renlies  from  North  C  irolina  report  weather 
about  same  as  last  year.  Twenty-two  replies  from  North  Carolina  rifport  less 
favorable,  owing  to  dry  weather  in  June.  Three  replies  from  Virginia  report 
more  favorable.     Three  replies  from  Virginia  report  less  favorable. 

Answer  to  Third  Question.— Twenty  replies  from  North  Carolina  report 
elands  as  better  than  last  year ;  twenty.seven  replies  as  comparing  favorably 
with  last  year;  eight  replies  as  not  so  good  as  last  year.  Four  replies  from 
Virginia  report  stands  as  very  line  ;  two  replies  as  not  equal  to  last  year. 

Answer  to  Fourth  Question. — Thirty-eight  replies  from  North  Carolina 
report  plants  as  forming,  blooming  and  boiling  well ;  seventeen  replies  as 
forming  very  well,  but  as  yet  few  blooms  and  bolls,  six  replies  from  Virginia 
report  plants  as  forming  well,  but  few  blooms  and  no  bolls.    . 

Answer  to  Fifth  Question.  Fifty-two  replies  from  North  Carolina  report 
laborers  as  worklnir  very  well,  and  in  numbers  of  Instances  much  better  than 
since  the  war  ;  three  replies  report  ihem  as  beginning  to  take  part  in  politics. 
Five  replies  from  Virginia  report  them  as  working  very  well ;  one  reply  reports 
them  as  worthless 

Answer  TO  Sixth  Question.— Fifty-five  replies  from  North  Carolina  report 
condition  of  crop  as  very  good,  but  In  size  it  is  generally  a  little  smaller,  and 
from  five  to  eight  days  later.  Five  replies  from  Vi'ginia  report  condition. as 
better  thsn  last  year ;  one  reply  as  not  so  good. 

Answer  to  Seventh  Question.— Replies  state  that  the  frequent  rains  may 
cause  a  too  rapid  growth  of  weed. 

Map  of  the  Cotton  Growing  Kkgion  of  the  United 
States. — Mr.  Charles  Hyllested,  Jr.,  (Cotton  Exchange  Building) 
bae  j  ust  compiled  a  very  interesting  map  showing  the  transportation 
routes  by  water  and  railroad  in  the  United  States.  It  is  particu 
iarly  designed  for  indicating  the  various  ways  cotton  may  seek 
a  market  and  will  be  found  of  decided  in'.erest  and  a  great  con- 
venience to  all  engaged  in  the  trade.  The  time  was  when  this 
staple  clung  closely  to  the  great  river  routes;  but  now  that  the 
South  is  crossed  in  every  direction  by  railroads,  some  such  map 
becomes  quite  indispensable  in  following  the  various  changes  in 
the  movement  to  the  ports  from  year  to  year. 

European  Consumption  op  Cotton. — Wfc  would  refer  our 
friends  to  our  editorial  columns  for  an  article  on  this  subject, 
which,  we  think,  they  will  find  of  considerable  interest. 

Bombay  shipments, — According  to  our  cable  despatch  received 
lo-day,  there  have  been  no  bales  shipped  from  Bombay  to  Great 
Britain  the  past  week,  and  3,000  bales  to  the  Continent,  while  the 
receipts  at  Bombay,  during  the  same  time  have  been  1,000 
bales.  The  movement  since  the  first  of  January  is  as  follows. 
These  are  the  figures  of  W.  Nicol  &  Co.,  of  Bombay,  and  are 
brought  down  to  Thursday,  July  29  ; 

^-ShtpmentB  this  week-,     .-Shipments  since  Jan.  1^      , — Receipts. — , 
Great        Con-  Great        Con-  This  Since 

Britain,  tlnent.   Total.      Britain,  tinent.      Total,     week.       Jan.  1. 

181J5 3,000        3,000      777.000    399,000   1,176.000        1,000  1.226,000 

1874 2,006        1,000        3,000      713,000    359,000   1,102,000        1,000  1,2(10,000 

1873.   ...     3,000        1.000        4,000      647.000    193,000      840,000        2,000      915,000 

From  the  foregoing  it   would  appear  that,  compared  with  last 

year,  there  is  an  increase  of bales  this  year  in  the  week's 

shijvnents  from  Bombay  to  Europe,  and  that  the  total  movement 
since  January  1  shows  an  increase  in  shipments  of  74,000  bales 
compared  with  the  corresponding  period  of  1874. 

Gunny  Bags,  Bagging,  &c. — The  market  for  bagging  contin- 
ues firm  and  holders  are  asking  IS^c  cash  ;  a  few  small  lots  can 
be  had  at  this  figure,  and  to-day  l.Sfc.  was  offered  and  refused. 
The  Boston  market  is  steady  with  a  lew  lots  offering  at  a  shade 
under  \Z\c,  cash,  thougli  most  holders  ask  this  figure.  Sales  dur- 
ing the  week  here  and  in  Boston  foot  up  o,500  rolls  at  13@13|c., 
the  market  closing  firm  with  prospects  of  higher  prices.  India 
bales  have  been  neglected  at9J®10c.  cash.  Borneo  is  in  small  stock 
and  prices  are  steady  at  13it@13Jc.here,  and  13c.  iti  Boston.  Butts 
are  in  very  light  supply,  the  stock  in  hand  only  footing  up 
about  2,600  bales  here  and  1,600  in  Boston.  t.)onBumption  during 
July  17,700  bales.  Sales  were  made  during  the  month  at  prices 
ranging  from  2J@3c.  cash  and  time.  The  market  closes  firm  at 
2  15-16@3c.  cash  and  time  here,  with  prospects  of  higher  figures 
as  soon  as  the  fall  trade  opens. 

Visible  Supply  of  Cotton  as  Madb  op  by  Cable  and  Tele 
GRAPH. — Below  we  give  our  table  of  visible  supply,  as  made  up 
by  cable  and  telegraph  to-night.  The  continental  stocks  are  tlie 
figures  of  last  Saturday,  but  the  totals  for  Great  Britain  and  the 
afloat  for  the  Continent  are  this  week's  returns,  and  consequently 
brought  down  to  Thursday  evening  ;  hence  to  make  the  totals  the 
complete  figures  for  to-night  (July  BO),^  we  add  the  item  of 
exports  from  the  United  States,  including  in  it  the  exports  of 
Friday  only.  , 


July  SI,  18.6.] 


THE   CHR0N1CI.K 


115 


Btoekat  Unrpooi. 
Block  at  Loadoa.... 


vm. 

I.OUklOb 

100,230 

Total  OraMBrltala  Mock    |.IU,ISO 

BtockatBaTT* 199,000 

StookstManelUao 8,900 

Sloak  ai  Baccakm t4,0OD 

Slock  at  HambVK 11,900 

talBraaaa.  41,n0 

lati 

EMI 

Btotk  U  Aatwerp 4,730 

Stotk  at  o«lMr  coatlaaaMI  port* HJtK 

TMal  COS  lUaalal  porta 

Total  Kwopcaa  itoAs. 
ladia  eottoa  at  jM  for  Xorope 
ABartcoa  cottoB  aioal  f  or  ■amp* 
■erpt.  Brsril.  Ac  aaeM  Itar 

Slo*  fai  Cattod  Stalao  porU 

Stock  la  nailed  Stale*  Interior  pom 
UoHad  Stalaa  cxporu  to  dar  


18T4. 

Ma.000 

113.000 

1,041,000 
lS4.tS0 

l^ooo 

79,000 
9«,3CO 
44,000 

(•.no 
tt,ao 
it,<ao 

41,000 

4»4,TS0 


1878. 
848.000 
tM,M)0 

1,007  JOO 
1B«,»0 
14.830 
43.000 
84.000 
SS,MO 
100.500 
83.300 
80,000 
88.000 


588,000 


1,813.900 

»nooo 

88,000 
V.OOO 
156,107 
t«,8N 
1,000 


Total TtaMooappiy .  ..bale*.  lLMBkl«8  l,4tt,8«0 

or  thoabsra,  Ika  lolala  of  Aaaneaa  aad  other  deecrlpttow  i 


t.8S3.aB 

r*  aa  fol- 


Uvotpool  (tick 


0Mla«Sl 
UaHad  SiaUa  li 
IMla« 


ospotii  lo-day . 


Total  Aaarteaa 


aM,i*B 

418,008 

e8,oat 

iflLtoa 

mijm 

148MS 

■.4jm 

n.m 

88,808 

.    .       lAltS 

ntjif 

l8B,1irt 

lkt41 

nAn 

84.888 

«l«« 

1,800 

LOOO 

bale*.  MtlJH 

tMJlD 

RO,088 

SoS 


•n,im 


1,M1M8 


l.44<1» 

tr4j8a 


TMalTlalMoMiflr. 


lie*    UI8.U8 
..   Tl-IM. 


„^ ^ 8.4t«,840 

PTie*MMdnacO«iBa.LI«OTpoai T  1-lM.  8M«.  $Xi. 

Theoa  igar**  ladieat*  a  dtcrtaM  la  tha  eotton  la  Bisbt  to- 
•ifbt,  of  74,4M  baloa  —  eomparad  with  :ha  Mmo  dau  of  1874. 
aad  aa<MftMMof  19,901  baloa  aa  eomparml  with  tbe  eorreapoad. 
iaff  data  of  Xtftt. 

Moraicaim  or  Uorron  at  thb  Imtsbioa  Pobt*.— Bolow  «• 
Vi*«  tba  taoTomaaU  of  oottoo  at  tbe  iDtarior  porta  raaalptt  aad 
■hlpia«n*a  (or  tho  week,  aad  otoek  l»«ickt.  aad  for  tba  eofraa- 
poodioK  troek  of  1874 : 


*tt 

UO 

1  m 

m 

n8 

4,M8 

M 

•7 

IM 

m 

IM 

1.431 

II 

844 

sn 

41 

181 

Mn 

18 

81 

441 

M 

41 

«4 

11 

«S 

Ml 

n 

MO 

*s? 

118 

8M 

MM 

tn 

i.aM 

8 

849 

%jm 

WI 

OK* 

UN 

mt 

M» 

Mil 

ra 

MIS 

•jat 

11 

11 

41 

81 

IS 

88 

15 

Mi 

■ 

84 

in 

n8 

■0 

t.«4 

:ij 

114 

ISM 

•M 

t« 

ytn 

8M 

I.84I 

1^4S1 

1.111 


841 


\jm 


14411 


TMli-aa. 1,411  KM         14.181  MM  t^M         n.«4 

Tha  aboro  totals  show  that  tho  old  lalarlor  stosks  have  iffirt8U< 

dartac  tba  waak  Xfm  baUa,  ao'i  ar«  to-idffhl  UJHO  balas  Urn 

thaaat  tho  aaiaa  poriod  laat  year      Tho  raeolpU  hara  boaa  414 

balas  Um  ibaa  Iha  aaiaa  wMk  laat  yaar. 
Tfea  aipofta  ol   aotiaa  ihia  waok  Itoai  New  Tork  ibo*  aa 


maaa.  aa  eamand  with  laat  wash,  Iha  total  r>«ehrag  S.917 
loa,  aitalait  1.MS  balas  laat  weak.     Bslow  we  i^lTe  onr  o»ukI 


♦ 


bal    .    _    .    .^ „_^ 

table  ibowtDK  the  nxpnrta  n'  eottoa  from  New  York  kDH  th.-ir 
direetloa  for  each  of  tho  la*t  foar  waaks;  a!ao  tbe  toul  ex. 
yorta  aad  dlrostioa  alaoa  Sept.  I,  1874;  aad  la  the  last  eolama 
tha  lalal  for  tha  aa«a  period  of  tbe  ptotUmm  year. 

B>»«rtaa(C««t«a(k«lao)nr*aNaw  Voettaia«o*a»t.li  1194 


OIker  Sri  tiah  Porta 

Total  to  at.  ■vttaita 

■avre 

outer  Piwaeb  parte 


total  PratMk 


Total  to  If.  Baropo, 
LOpertoAOnnMaeAc 


k 


Tetal  Spala,  Aa.. 
Oima4  Total.... 


r 


1J84 


US 


Jalj 
14. 


'& 


'S^ 


Its 


I4S 


\jn     M41 


>.liS 


um    itt,8to     m>     utT 


IIS 


ns 


IMM 


M.S 
S.t 


tS,48T 
M 


4«.«tl 


klU 


«,1St 


MW 

4441 


The  following  are  the  receipts  ot  cotton  at  New  York.  Boston 
Philadelphia  and  Baltimore  for  the  laat  week, and  since  8eDt.l,'74 


aaoa'T*  raoa- 

■■w  Toaa. 

BOSTOII. 

rHii.ASBi,r'u 

BALTIliOBB. 

Thi> 
week. 

I,U5 

1,718 

188 

.... 

no 

5 

114 

8t 

Hi 

144 

1  Since 
Sept  1. 

Thli 
week. 

Since 
SepM. 

This 
week. 

as 
in 

Since 
Sept.1. 

6.915 
4,184 
I3,ri 

3,798 
Sl.SW 

Thi* 
week. 

tio 
■jo 

10 
94 

"vt 

Since 
Septl. 

Now  Orleaa*.. 

Texa* 

laTannah 

MobUe. 

Florida 

S'th  Carolina 
.S'th  Carolina. 
Vlrainia...  . 

Taaaeaaee,  Ac 
Porel(a 

Ili.Sll 
«8,8a8 

110,10* 

1,110 

5.509 

118.111 

90,814 

1314SU 

18.8« 

15T,tn 

8.184 

ioi 
"io 

4 

M 
184 

88.877 
18.T1S 
41.885 
10,111 

81 
78,848 
89414 

«in 

lU 

lairiB 

11116 
18.911 
(il,S00 

slOM 

Total  thii  year 

8,9« 
9.900 

199,007 

5t« 

si9,a» 

131 

88,169 

ta 

119.4« 

Tetal  laat  rear. 

951.9fl< 

i.oaa|tsi.i8il 

838 

4t.9# 

I03.:44 

BHiPPtif  e  Nbws.— Tbe  azpens  of  eotton  from  the  United  Ststeg 
the  past  week,  aa  pel  UtU*l  mail  returns,  have  reached  10,34 
bale*.  So  far  as  tbe  Southern  ports  are  concerned,  these  are  th 
■una  exnorts  reported  bj  telegraph, and  published  in  TbrCbhOK* 
nut  last  friday.exeeptOalToeton, and  the  figures  for  that  port 
ara  the  exports  for  two  weeks  back.  With  reirard  to  New  York, 
we  laelade  tbe  manifests  of  all  Teasels  cleared  up  to  Wednesday 
al^ht  of  this  week, 
■aw  TonK— To  Urerpool.  per  steamer  Bito.  110 

To  RaTTc.  per  •tasmcr  Amnlqae.  31S  and  4]  Sea  liUnd.. ... 

To  Breasn,  pcrsteamer  lionan.  718 

To  Sottaidaa.  per  ateamer  P.  Caland.  1.9M 

Tat;raaaiadL  par  it«amcr  NaraHno,  1.830 

To  St.  P*4er*bnr?.  per  •taamer  Navarioa  580 

!»»w  Obi  But*-  To  Vera  Cmi,  per  ataamer  City  of  Mevleo.  MS. 
CaaBLisToa— To  Harre,  per  bark  Oeoqn  K«K>n.  I.1<0  Upland.. 

SaTA«aAa-ToSanlaodar,  per  bricAaale Vail.  300  Uplaad 

TBI**— To  Urerpool.  per  bark  Boriqae.  I.8W  

BaiTtaoes— To  LlTvipaol,  p*r  iWMsr  Hlbtmlan.  m. 


Total  bale*. 

110 

88) 

.    ....  118 

....  1.998 

1,880 

680 


l.tSO 
580 

l,81S 

no 


Total; 


10,840 

<'ho  •kriluiilarail  thean  sklpmeats,  arranned  in  oar  osnal  form 
ara  saiollows: 

81. 
liTsr-  Ito-  Bottar-  Croo-  Pelera-  Bant-  Vera 

pool.  Bavr*.  bob.  dam.    •tadl.   borg.  aader.  Cnu.Telal. 

XewTorfc 110      888      TO    I.IH    1,180      880     8411 

New  Urieaas, fB  (is 

Cbarleatoa 148S     1,130 

8araai.ah |B1     ....  590 

T»«a« 1478     1,878 

■altlaoro ....     ao     ttO 


t.101 

wa  firs  all 


1.8 


1U 


1.S18    1,880       880       880       883    10440 

neirs  raeeiTad  to  data  of  diaa  iters,  Jto.,  ta 
rassala  earrylQic  eotton  from  Uatted  States  ports  : 

Lotnaiiai.  atr.,  has  beea  raised  by  pontoon*,  and  wa*  taken  to  Ballimore, 
Jaly  I*.  She  had  beea  la  shallow  water  for  some  tiBM.  bnt  sank  acata 
•even]  iloM*  *ft«r  belof  ralaed.  A  portioa  of  the  wood.work  bad  to  b* 
Mows  away  with  aiiro-a' ' 


jy  wlih  Biiro-flrcatlaa. 
WToaiao.  rtr.,  from  New  Tork  at  Llrerpool,  oolllded  «fl 
lKt*«r  liar*«r-  Jely  13.  with  stCBBsiilp  Abr**lnlA  aa 
InkarbalL    She  wae  docked. 


irliareeyi. 
ahly  ISBB^idl 

Oottoa  fraif  bla  th*  past  waok  have  boao  as  follow* : 


New  Brigfatoa 
aad  was  considcr- 


-Ut< 


Harre. — > 


— nrenien.. 


-Bambarr.-. 


LtTBitPOOL,  July  80 — t  P.  U.— Br  Cabi.s  prom  Ltybbpool.— 
The  market  opened  with  a  hardening  tendency  and  cloaed  strong 
to-day.  galea  of  tbe  day  were  l.'S.OOU  bales,  of  which  3,000  bales 
war*  for  export  aad  >peealatlnn.  Of  to.day'H  Hale*  8,000  bales 
wsra  AoMllcaa.   Tha  weakly  moTameat  I*  glran  aa  loUows  : 


Jaly  9. 

Sale*  of  the  week... balas^   ai^M 

^j*  waideQ i48S 

or  which  •  xportare  took. .. . 

of  which  (pacalator*  took. . 
Total  steak  

of  which  Aaarl can SKO 

VMslJaBitf  of  th*  week 10,000 

^^tnS\mm\iaKk. R400 

S*taal*sport 8,000 

AaoaaiaSaat tlinoo 

of  which  Aaertcaa. 91,000 


••^^ 


■laly  11. 

Jalyll. 
81.000 

51.000 

8.000 

1000 

11400 

18.000 

8.000 

8.oro 

1,041.000 

1.088.000 

811,000 

9*1.000 

88.1100 

48.000 

•«.ooo 

14.000 

10,000 

laooo 

413.000 

441,000 

19.000 

58.000 

Jaly  SO. 

74,000 
f.OOO 

11.000 

9,000 
1,018,000 

asi.000 

40.000 
98.000 

10.000 

404.000 
M.OOO 

Tka  faOowlac  laM*  wOl  show  th*  dally  eloalac  price*  of  cotton  for  th*  week : 

Xoa.        Tne*.       Wadnes.      Thnr*.         Pn. 

Till  1-18         1  1-18 
TMtt..        7149  1WO..  7  5-14         7  »-lS 

KoilOPBAlT  Corroit  MAiiKvn. — In  reference  to  these  markets 
oor  eorreapoodent  la  London,  writing  uoder  the  date  o(  Jal^ 
17.  1875,  etatea! 

I^iraapooi.,  JoIt  13.— The  following  are  the  prices  of  middllnn 
qoalitlaaofeottoQ.  compared  with  thoae  of  last  year: 


Satar. 

MId'f  Dplaod*.       T 
do   Ort«aae..  7X9.. 


Mil 


411401 


^Palr  * 
,-Onl.*  Mld^      I'd  ralr-^ 

l*af*laad. 18         18  19       » 

riarldade  13J4      14X       17       18 

Ord.  Q.Ord.  UMId.      Mid.     Q.MId. 
qpland..8V     4V        *  1^«   ^  t-14   IH 
KoWle...  8X     *H         *»  IK         1H 

Teia*  . . .  8K     tH         8'{  -         T^         T>,- 


~aood  A  ^-Sara*  data  1814- 
Plne.->     Mid.  Pair.  Oood. 


IS 

10 

Mid.  p. 


84 


19 
11 


n 

18 


Mid.     a.Mld. 
8  8-18      8W 
1 8-18      8M 


IK 


8K 


M 

80 

M.P. 


116 


THE   CHKONICLE 


[July  31,  '-5. 


dlace  tUe  uoiumtiaceman;  ol  tbe  /ear  tKc  traaaactioas  on 
■(MCulatioa  aad  for  export  hare  been  : 

^Actnalexp.rrom  Actual 

LW.,  Hall  Jb  other  «xu'trroin 

/-Takea  on  (Dec.  to  this  llat&-^       outports  to  date— .  U.K.  In 

1875.             1874.              1878.              1875.              1874.  1874. 

balM.         bales.          bale*.          balea.          halea.  bale 

AmerlesB 148,990         Uit,4M           93.9M          &l,i>*l           C8.46')  105.130 

Brazilian 4.»Sa          18.100            ».'»«           15.411           ll.rtiO  89.980 

H^pUan.  Ac.  11,040           U,M>            6,0*0            3.370            5.3^0  lt,470 

WVIndl»,*e.     I.7«)            t.l89               810           lO.WS            6.937  iS.OOO 

B.  India    Ac.  59,01*           42,1)0           40.1M         118,561         153,576  501,000 

ToUl n3.l99         « 13,190         143,l!a        199,5li9  il6,061  S83,58o 

Thefallo«rini;«ta(einent  ihows  the  sales  and  import!  of  cotton 
for  the  treek  and  year,  and  also  the  stocks  on  hand,  on  Thurrdi; 
•Teninij  last : 

a^LU,  iTO.,  or  ALL  DisoBirTioas. 

. Salea  this  week. .      Total       Same        Arerage 

Kz-  Specula-  this        period    weekly  sales 

Trade,    port     tlon.   ToUl.       T«ar.        1874.       18'.5.      1874 

&iua/ieai.. bales. t2.860    3.37U      1,530     46.610     965.870 1,17.\87a    83,080    36,450 

•raalllaB 5,OS0    1,555  10       8.020     269.170    2)7,150     8,910      6,910 

BfTptiaa 4,350        71  10       8.830      135.570    168,430      5,»0     5,t-90 

BmyrnaAQriekl  ,^  .,,  ,.  (  30  1.3D0  8,6101  ,  »<„  ,  „«„ 
Westlndlaa....)  "*  "'  "  1  »'0  46.890  44,110  f  '•**  ''"^ 
'Baftludlaa I,»3I    4,»tl        300      11,990     478,880    518.020    11,370    10,600 

fotal 4t.840    t.tlS      1,930     51,450  1,891,770  1,186,030  59,940    60,670 

, Imports.  .  , Stocks. , 

To  this  To  this  Same 

This        date        date  Total.  This  date     Dec.  31. 

week.       1875.        1874.  1874.  day.  1874.        1874. 

ajnerlcaa J3.044  1,813,721  1.S9S.488  1,949,030  610.670  460.600      574,780 

BrazUiaa  ....    2,9.31     296,955     804.(153  494,040  ll\2!iO  162,470        82,52C 

Beyptlan        ..       834     156,899     178,522  297,124  79,900  91,850        73,660 

Smyrna  A  Or'k       HI        2.881         1,968  3,638  9,010  1,9001     „  ... 

W.Indian....     S,I24       29,726       38,t01  97,TS8  7,540  J6,7W)  f     "'■*'" 

■astlDdlaa...  «4,04S     438,247     431.866  813,151  t3!.Ol0  260.300      230,270 

Total U,C7r  1,287,9«9  1.3<7,2»3      »,658,6rS  1,017,450  1,003,910    684.710 


BRE  ADSTUPFS. 

Fbidat,  r.  M.,  July  SO,  18',5 

The  downward  turn  in  our  flour  market,  noticed  ou  Friday 
last,  continued  with  much  force,  until  shipping  extras,  which  ha'l 
•old  at  |6  S0@|6  75  the  previous  week  had  receded  to  $5  75(a$6, 
01  a  decline  of  75c.,  and  other  low  and  medium  grades  fell  off 
fully  as  much,  with  Xo.  3  selling  at  $4,  superflne  at  $5,  and 
straight  extras  from  Winter  wheat  at  |6  ;  but,  at  this  decline,  the 
market  became  quite  steady,  in  sympathy  with  an  upward  turn 
to  the  wheat  markets,  on  reports  of  bad  weather  at  the  West,  but 
the  demand  was  moderate.  To-day,  there  was  more  advance  in 
4ie  lower  grades,  and  a  line  of  fair  extra  State  sold  at  %5  80. 

The  wheat  market  quite  broke  down  early  in  the  week,  under 
the  return  of  good  weather  in  England,  the  subsidence  of  specu 
lation,  and  increased  supplies  at  the  Western  marketfi.  Subse- 
fuently,  some  irregularity  was  cauied  by  the  announcement  that 
the  movement  of  boats  on  the  canal  was  impeded  by  low  water, 
which  would  prerent  the  arrival  of  boats  from  the  break  till 
about  the  4th  of  Aui;uBt.  There  was  some  disposition  to  "  corner" 
f arties  who  were  in  need  of  wheat  for  this  week.  Therefore, 
No.  3  Milwaukee  brought  $1  37  on  the  spot,  and  No.  2  Chicago 
(1  33@$1  34  on  the  spot,  while  selling  3@4c.  lower  for 
August  delivery.  Yesterday,  the  market  developed  weakness  in 
Spring  wheat,  and  No.  3  Chicago  sold  at  $1  31  on  the  spot,  and 
f  1  29  for  August,  but  Winter  wheat  was  firmer,  owing  to  a  de" 
Biand  for  shipment  to  Portugal,  and  amber  brought  $1  45.  To- 
day, with  unfavorable  weather  for  the  growing  crop  in  England 
and  at  the  West,  there  was  a  marked  advance,  with  sales  on  the 
spot  at  $1  34@$1  35  for  No.  3  Chicago,  and  $1  31@|1  33,  to 
Mrive,  and  |1  40  for  No.  1  Spring,  to  arrive. 

Indian  corn  declined  wftli  wheat,  until  current  prices  were  83 
@84c.  for  steamer  or  fair  mixed,  and  80@36c.  for  sail  or  prime  do, 
at  which  the  market  liecame  active  for  export  and  home  con- 
tnmption,  wilh  large  sales  on  Wednesday  and  Thursday  at  these 
prices,  and  lines  of  prime  mind  for  August  and  September 
delivery  sold  at  85c.  Some  heated  mixed  gold  at  78@80o.  Today, 
on  reports  of  injury  to  the  growing  crop  by  storms,  there  was  a 
firmer  feeling,  but  a  quiet  market. 

Kye  has  been  dull  and  drooping,  and  yesterday  there  were  sales 
of  new  crop  from  Jersey  at  |1  08.  Canada  peas  have  remained 
dull  and  nOLuiual  at  $1  i.?@$l  18  in  bond.  Barley  of  the  new  crop 
four  rowed  State  has  eola  for  arrival  in  September  at  ^l  20.  Oats 
receded  rapidly  to  60@Glc.  for  prime  mixed  in  store  a^d  afloat,  at 
which  the  demand  became  more  active  and  the  market  exhibited 
»  steadier  tone.  »"•'         "  "  » 


Klocb. 

No.  « «  bb;.  |4  J5a  *  75 

Saperfine  State  A  West- 
ern   B  00;^  6  60 

Extra  State,  Ac 5  753  6  00 

Western   Spring    Wheat 

extran 5  703  6  10 

doXXandXXX 6  25^7  40 

d«  winter  wheat  X  and 

XX  «00O  8  00 

Oity shipping  extras..  ..  t  00^  6  60 

City    trade  and  family 

brands 6  153  8  00 

Sonthei  n  bakers'  and  fa- 
mily Brands 7  253  8  25 

Soatliern  shipp'K extras. .  6  253  7  00 

Rye  floar,  snperilne 4  "(S^  6  25 

Corn  meal— Western,  Ac.  4  30^  4  !>0 

OoTB  meal— Br' wine.  <tc.  5  003  5  10 


Ubain. 
Wheat— No.Sipring,  bash. fil  253  I  tS 

.40.  2  spring 1313  188 

No.  1  Bering 1  403  1  4t 

Red  Western 1  383  1  48 

Amber  do 1  4.53  1  a 

White 1  453  I  M 

~ -      «• 

tl 
i6)t 


Corn-Western  mixed . . 

White  Western.. 

Yellow  Western. 

Southern,  yellow. 

Rjs 

Uats— Black 

Mixed 

White    

Barley — Western. 


86. 


933  1  10 


603 
623 


6t 

6S 


Canada  West 3 

State...! 1  10®  1  M 

Peas— Canada 1  153  1  U 

The  movement  in  breadstu&s  at  this  market  has  been  as  fol* 
lows  : 

. — BioaiPTsiT  mw  roBK . bxpobts  »boii  rbw  tobi.—  -» 

. 1875. ,        Since    . 1875. .    . 1974. , 

For  the  Since  Jan.  Portte  Since  For  the  Since 
week.  Jan.l.  1,  !074.  week.  Jan.  1.  week.  Jan.  I. 
77.988    1,889.921     2.390,443      35  2T1     1.052  262  --- 

3,375  74,522  134,228  4..»85  I02.09Q 
375,990  12,172,154  iM9l,5ri,105,78O  13.468,612 
310,385  11,154,0*)  n,5.W,633    254,022    6,718,970 


Flour,  bblp. 
0.  meal,  "  . 
Wheat,  bus. 
Corn,  "  . 
Rye.  '• 
•Barley  "  . 
OaU  ..."  . 


475 

10,900 
147,900 


f3,565 
1,130,467 
4,854,758 


434.728 

668.793 
5,473,522 


8.628 


105,687 
110 
71,76« 


41,995  1,291,021 

2.747   118,861 

890,576  22,A09.66( 

965,869  12,817,401 

....       621,451 

580      is,ilA 


•  In  "  Receipts  at  New  York"  Inclades  also  malt 

The  following  tables  show  the  Grain  in  sight  and  the  moTt- 
ment  of  Breadstuffs  to  the  latest  mail  dates  : 

RBGBIPTS  AT  LAKE   AND  aiVBR   PORTS   FOR  THB  WBBK   BNOIK* 
JULT  34,  AND  FROM  AUO.    1    TO  JULY  34. 

Flour,     Wheat,        Corn,        Oats,     Barley,        Bye, 

bbls.       baeh.  bash.        bush.       bush.        bush. 

At—  (196  lbs.)    (fiO  lbs.)     (56  Ihp.)    (32  lbs  )    (48  lbs.)  (58  lbs.) 

Chlcagc...     ......     28.5!0       611,301    -  ~ '         "    "^        '    "' 

Milwaukee 47,120    1,194,659 


Toledo. , 
Detroit.  ... 
Clerelaad. . 
St.  Louis. . 
Peoria..  .. 
Duluth.... 


4.J0 
5,966 
1.975« 
9,401 
4,450 
29,500* 


46.915 
54.131 
10,600 
131,1.31 
8,780 
106,099 


1,356,112 

103,.308 

1,100 

i,«si 

10,(05 

30,190 

578 

u 

131,  lai 

15.874 

350 

9,553 

11,133 

1,0.-0 

13,500 

>•    • 

75,550 

82,855 

450 

S4( 

89,060 

23,200 

1,280 

t.41f 

1,572,913 

'220,060 

3,758 

<43« 

1.0B9,%7 

351,279 

1,.361 

3,811 

1,513,022 

291,7il3 

30,430 

17,1«» 

2,.30.5.5!3 

626,335 

D,068 

11.971 

1,627,423 

364.(117 

30,343 

8.800 

2,03,276 

1,004,957 

37,387 

133,118 

805,979 

379,510 

31,120 

18^587 

Total ino.502    2,163,508 

Previousweek. 81,779    1,1)05,713 

Oorrenp'ngweek,'74.     87,101    1,186,376 

"  '73.      84.680    1,118,925 

"  '72.      45.876       420  719 

"  "il      100,374    1,014,715 

"  '70.      84.352    1,3.35,924 

ToUl  Aug.  1  to  date  .5,197,821  62,577.f06  44,5.')5.859  22.161,762  5,:31,S36  1,15«,90T 
Same  time  1873-74.  .6.H!i.2»7  83.256,3i5  63.028.915  26.2'J5,:61  5,977.t,lS  1,741,269 
Same  time  1872-73..  .:.685.9!)0  53.559,627  60,341,1(16  38,648,379  9,119.821  1.887,694 
Same  time  1871-72..  .4,936,033  39,297,159  68,508,888  3^,751,974  6,365,73*  3,752,751 

*  Estimated. 

Shipments  of  Floitb  and  Grain  from  lake  ports  for  the 
week  ending  July  24, 1875,  and  from  Jan.  1  to  July  24,  inclusive, 
for  four  years ; 

Wheat, 
basb. 
3.042125 
1,854,796 
1,862,491 
3.14.\131 


Flour, 
Week  ended—  bbls. 

July  34, '75 100,313 

July  17, '75 98,510 

July  10, '75 94,921 

July   3, '75 93.361 

Jan.  1  to  date 2,695,4">3  '21,78i;205  19,933,'3i8 

Same  time  1874 8,252  839  3-3,870.056  26.372.699 

Same  time  1873 3.349,'-:8J  20,452,465  24,232,060  12,604,651  1,558,214 

8»mn  time  1873 2,147,901     7,188,557  36.279,090  10,209,156  1,031,713 


Corn, 

bneh. 

1.797,949 

1,253,081 

8I9,S36 

794,339 


Barley, 

bush. 
2,571 
5,333 

4,^ao 

5,057 

875,,S47 

8.856;  184  1.319.061  3,377,301 

656,871 

691,8:U 


Oa-.e, 

bush. 
365,290 
303,486 
248,108 
40:).:,93 
7,546.073 


bnab. 
5,521 
1,611 
5.111 
3,770 

384,600 


BBCRIPT8   OF    FLOOR    ANUURAIN   AT  SBABOAHD   PORTS   FOR  THl 
WBBK  BMDINO  JULY  34,  1875,  AND  PROM  JAN.  1  TO  JOLY  34. 


Flour,  Wheat,  Corn,  Oats, 

At—  bbls.  bush.  bash.  bueh. 

NewYork  75,319  673,920  453,3il3  171,963 

Boston 18,415  23,033  157.418  31.918 

Portland* ..  6,550  ....  6,,'^50  1,200 

Montreal 31 .707  357,267  12.000  1  813 

Philadelphia 13.990  160,<i00  145,200  74,900 

Baltimore 10,223  116,035  94,400  10,000 

New  Orleans  10,064  ....  84,711  14,201 


Barley, 
bush. 

3,400 

■'24 


Rye, 

bash. 

Ill 


601 
1,S» 


Total 17.3,167    1,240,854      901,978 

Previousweek 151,426    1,370,720       749,867 

Cor.  week '74 17.3,615    1,004,610    1,665,384 

Total  Jan.  1  to  date. 4,981, 274  21.993.329  28,363,763 

Same  time  1874 5.837,803  35.669.870  31.794, S43 

Same  time  1873 4,878,435  16.1.17,472  23.902.419  13,309,350 

Same  time  1^73 4,243,299    6,t00,900  42,850,030  12.375,910 

Thb  VisiBLB  SOPPLY  OF  Urain,  including  the  stocks  in 
granary  at  tl.o  principal  points  of  accumulation  at  lake  and 
seaboard  ports,  in  transit  on  the  lakes,  tlie  New  York  canals  and 
by  rail,  July  34, 1875 : 

Wheat,      Com, 
bush.        bush. 

In  store  at  New  York 413.  i44    1,016,355 

In  btore  at  Albany    11,500         15,000 

In  store  at  Buffalo 736,610       4Vl.5,951 

In  store  at  Chicago... 1,010,131    1,950,016 

In  store  at  Milwaukee 754,330        23,578 

In  store  at  Duluth 67,208 

In  store  Ht  Toledo 444,968 

In  store  at  Detroit 1.36.847 

In  store  at  Oswego* ....       90,000 

In  store  at  St.  Louis . .      199,335 

In  store  at  Pooria 12,262 

[n  store  ai  Boston 21,977 

In  store  at  Toronto 100,096 

In  store  at  Montreal,  15lh 273,3-10 

In  store  at  Philadelphia* 16.5.000 

(n  store  at  Baltimore 86.203 

Lake  shipments  !.;2j.690 


309,121 

296,458 

158,861 

9,354,363 

9,933,710 


Oats, 

bash. 
732,491 

84,400 

51.590 
219,353 

53  104 


3,424 

764 

4,115 

309,449 

729.320 

1,1.38,521 

1,309,952 


Barley, 

bash. 

1,163 


693 
1,589 


1,071 
864 

1,101 
141,831 
628,971 
613,831 
414,614 


Rye, 

bask. 
21.811 
15.801 

i\m 

IM 


Rail  shipments. 

On  Niw  York  paiiijjs, . . 


««*lngerop,*tLe""marTe?warf  "°^*^o»«>le  «,port8  Itom 
high  as  70c.  "'^^""^'.vvith  choice   white      * 


:.\ 


.-J^r 


\fSta- 


15S.S'5 
2,3<18,C00 

9,074,751 
8.516,364 

ARIt  fUUl 


306.561 
21,537 
15,000 
95  332 
4.'i,978 
102,959 
185 
23,887 
31.5,000 
392.0^0 
1,4'S,671 

;;89.2;s 
433,(X)0 


36  763 
18.311 

3.000 
15,5)8 
61,.303 
68.8.0 
48,833 
32.541 
25.500 

5,000 
59,782 
205.  S^S 
41,172 


539 

12,b78 
1,917 


11 


1,011 


1,5M 


1,671       5,511 


7.85.3,394 
T.I-72.772 
9  lii'r  aaa 


1.755,8U 
3,003,079 


SOia 


)  o,. 


I  jSy  S3,  1871 


i.43 


■n.a>* 


July  31,  1876. 


THE   CHRONICLE. 


117 


THE  OaT  GOODS  TRADE. 

Fbisat.  p.  M..  JoIt  so,  tSli. 
Tke  improrvd  feelini;  In  the  nuoket  which  hms  been  noticed 
daring  the  past  few  week*,  was  momentarily  checked  bj  the 
fail  are  of  Duncan,  Shennan  &  Co.,  and  for  a  few  days  the  out-of- 
town  jobben  orooeeded  eantiouiilT  in  their  operationa  ;  bat  before 
the  end  of  the  week  confidence  was  measurably  restored  and  a 
fair  amount  of  basiners  was  transacted  by  the  domestic  commis- 
sion houses.  California  and  di^itant  Western  jobbers  were  the 
most  liberal  operators,  an3  extt-oded  their  purchases  to  printed 
ealicoe*.  drsas  goods,  shawls,  liosiHry.  Ac.,  ia  addition  to  staple 
oottoa  aod  woolen  prodoetioos.  There  was  not,  however,  a  trace 
of  speculation  in  the  trade  and  purchases  wer*  reetricted  to  such 
materials  as  are  eoasidered  necessary  for  the  pursuance  of  a 
legitimate  basineas.  The  Importiog  and  jobbing  brancbs*  of  the 
trade  eootinued  InaetiTs,  but  no  mora  w>  than  is  nsaally  expert 
eneed  at  the  ead  of  July.  The  Waal  Boylston  ManufaeturiDg 
Company  cloaMd  oat,  at  auction,  500  hale*  Eagle,  Hunters  and 
Farmers'  and  Mechanics'  colored  blankets,  moat  of  wliich  were 
taken  ia'moderate  lots  by  the  Western  trade  at  fair  prices.  Pro- 
doetion  of  eotkm  goods  la  gradually  biiag  lessened ,  owing  to  the 
dsprs— Bit  eonditio*  of  the  market  aad  tke  low  ruling  prices. 
WaaMtta  mills  are  about  closing  for  ths  present,  and  the  Utlen 
Bteam  Mills  will  shortly  commence  raaaing  o*  r*dooed  time. 

Dotnmc  Cotton  Oooim.— Tbe  daaand  for  eotlon  goods  has 
been  irregular,  and  transactiocs  wereehiefly  eoofined  to  the  moat 
popular  makes  on  which  alooe  prices  were  fairly  steady.  Heary 
standard  and  four-yard  brown  shr><tinga  of  the  l>est  make*  moTed 
steadily,  and  Indkao  Head  stardani»  umn  again  marked  ap  V> 
KHc.  while  such  goods  as  Lawrrnce  LL,  Massaebnsetta  BB,  Ae  , 
were  mora  firmly  held.  Bleached  ahlftiog*  mled  quiet  and 
weak,  and  WamsutU.  Pride  of  the  WsM,  Cahot,  ftc,  declined  )«. 
Cotton  flannels  wera  in  leaHy  good  dsnand,  and  a  few  of  ths 
mora  promiaent  makes  are  closely  sold  np  to  rseoiptSL  Brown 
drills  were  ia  light  demand  for  export,  sad  odterwlse  quiet,  aad 
ducks  were  mly  in  moderate  re<]uest,  allhenfh  the  new  Bengal 
rattan  ktripee  were  Ukeo  freely  by  the  Western  trade.  Corset 
jeans  aad  satteens  w«re  ia  better  demand,  and  cbeTiola  eoottaae<l 
active.  Tickln>;s,  dsahns  aad  eottoaadw  Morod  slowly  and  in 
small  parcels,  aad  ralMJaMooats,  flat-fsM  sambries  and  slleelaa 
were  without  ailmaUos.  Print  cloths  were  more  firmly  held  In 
▼lew  ol  an  apprehended  striks  at  Kail  Bifar,  aad  extra  standanl 
Ms  weie  quoted  at  BfSici  Dark  msMar,  haey  aad  chocolate 
prints  reeelred  aMtwatlaatloa  from  dislaal  Jobbers  and  tlM  City 
trade  with  whom  sosM  lalrllass  wera  plaasd  at  8|e.  ao  1  9c.  The 
Codieea  fall  prials  wars  opisDad  at  9c..  aai  the  Merrimack,  Bris- 
tol aad  Bontbbrtdgs  awkas  at  S^e. 

DOMavno  Woouoi  Oooml— The  smmmsM  Ib  woolen  goods 
far  msa's  wear  has  beea  Isas  aetire,  aad  olotlis,  black  doeakias 
Md  bflcd  baaveia  rsaalMd  dnll.  Faa«[f  «aaatmer»a  ao<l  sultln(s 
dragged  so— whal,  alllM«(h  special  stylw  ehaafed  hands  to  a 
eoasidsfabls  aaoaal.  Wutslod  eoatiofs  ooattaasd  In  good  da- 
mMmi  aad  bsTo  tlias  far  had  a  nost  soasMsfMl  ssasoo.  Elyslaas 
were  the  mosl  asUvo  of  ovsroMtiogs,  but  salsa  were  ooly  moderate. 
Kpniurky  Jsaas  aiorsd  steadily  (althoack  so  large  sales  were 
reported)  and  are  flrmlr  hold  at  rarn-at  prices.  Thrre  was  an 
improved  isqalry  (as  bis  alt,  blue  and  dark  mixe-1  repelleoti,  but 
few  transaetlooa  oeearrsd  oa  aeeonnt  of  Ibo  low  priese  ottered  by 
iateediag  buyofs.  Wool  flannels  were  la  ksttsr  dentaad ,  but  by 
ao  maaas  so  aetlTa  aseoaM  bodasired,aadMaake(s  moved  slowly. 
Tbera  waa  no  aovomsat  of  importance  la  troistad  drsas  goods, 
shawls  or  skirts,  bat  bnalsry  goods,  *hirts  aad  drawers  aad  Oar. 
digaa  jaekets  mot  with  fair  salee,  and  rnlad  steady  la  price. 

FomsWM  Dht  Qoooa.— There  was  a  s!igbl  iacrease  in  the  do- 
maad  for  atrielly  staple  fabrics  by  the  Oalifomla  aad  other  job. 
ben  ftrom  rsmots  sasUsas  of  the  oooatry,  but  the  aggregate 
tfsaaswloas  of  tbe  week  were  light  and  aalmportant.  Black  pure 
mohaisB,  brill taatlass  asd  cashmeres  wsre  tbe  moot  active  of 
drsas  Csbrles  and  pricss  of  thaoe  goods  are  qnite  firm.  Silks  and 
ribSiaas  eiAtlaned  dull,  and  the  latter  wUl  probably  remain  so 
until  aa  impstas  Is  given  to  their  movnmsat  by  the  auction  salea 
which  will  commsaee  aboot  tbe  middle  ol  Angoat.  Linens,  white 
goods  and  embroldarias  wars  without  eapaslal  fsainres,  and  then 
was  only  a  modatals  Inquiry  for  men's  wear  woolaas  by  the  cloth 
aad  dry  goods  jobbars. 

Tbe  importations  ol  dry  goods  at  this  port  lor  the  week  ending 
Jaly  99,  1876,  aad  the  eomspoodiog  weeks  of  1874  and  187S 
have  baea  aa  follows  : 


Foa  ooascnmoa  roa  tbs  wssk  sicDoia  jult  a},  1876. 


. 18T8 . 

Pkn.    Valne. 

Manafactarasofwool...  i.ist     |60O,6-iS 

do  cotton..    897       a3t.410 

do  tilk SSD       »8.9aa 

do  tax SIS       ltt,(44 

KlKellaiiooas  drj  goods.   545       Ul,S68 


. 1874 , 

Pke».  Value. 
1884,799 
888.121 
4«.»i9 
:36.r43 
13S,9»tf 


1.834 
1,180 

041 
1,0!» 

44i 


. 1875- , 

PkB«.    Valne. 
1474.7 

S9I.( 
187.1 
1GI.66 


974 
1.249 
573 
663 
998 


Total        8,57J  tl.449.8i4      5,118  18.110,648      8.755  »1,*14.SS1 

•iTBoaivii  raoa  wAaaauoas  aan  thbowh  uito  tus  aAHasr  Doams  tbb 
sans  rsaioD. 


Hannfactiirea  of  wool 

do  cotton . . 

do  (Ilk 

do  flax 

Mt«calUuiMiai  dry  goodt. 


71» 
SS7 

M 
870 

99 


tii8,ats 

M.a34 

n.«9s 

(8.38S 

16,610 

1663.080 
l,449,8«t 


S13 
SM 
110 
614 
1S4 

1.781 
5.116 


t»4,8t0 

96.536 

165,896 

1I4,6S8 

{6:8,541 
*.  1 10,613 


781 
400 
130 
711 
SOS 


1436.841 
188.180 
HI8.«75 
136.9*1  - 

i*,r.oi 


ToUl     1,609 

Iddent'dforcoaaampl'D  S,ST1 

rotalthrownaronm'k-t.  5.181  $1.11^904      6.847  11,71^,169      6.P91  {1.3571549 
sKTsaaD  roa  wiasBooaiHu  ooans  *amm  fsbiod 


IbnaractofM  ol  wool  . .      9J8  t4«S.O:4 

do                cotton.      471  116,ro4 

do                allk IiiS  14«,tM 

ao                flax.   .       389  101.176 

ll>*c«lao*oaa  dryKooda.      41  W109 

lolal          loot  lan.OH 

^.t'lratMrorcoaaamut  I,  3,071  LMlIM 


l.SM 
S4« 
148 
651 
104 


$671,168 

i7i:aet 

181,447 
146,469 
11,711 


1,97B  tl,l9i.Kn 
6,116     1110.618 


4C9 
3» 

100 
47S 
943 

1.676 
3,765 


*1I8,99S 
110.138 
IH.m 
118,190 
36,879 

teotiat 

1.514,831 


rau)  raiared  a.  the  port  .S.grn  «t,189.ni      8.0M  18.804.506      ^431  $1,118,365 
^s  annex  price*  ot  a  few  article*  ol  domestic  manufacture: 


Ancooa  faaey 

do  apacialtiM 
do    akIrtiBca.. 

Aatarieaa  1 4km  fW 
do  dk  kaitsa 
do  (oA  ogn 
do  n*>j  ..  . 
do  bInrAarh 
do  blue  A  or 
do  dhl  pinii. 
dorki  Ahrrda 
du  all  pnka  de 
do      robs* 

Aacberablfts.... 

AIMooMHd 

4a     laaey 

doplaliialdabd 
de  aalllsc  ... 
do     ailtd  b)ck 


8X 

* 

10 

lox 

!>* 

t 
9 
8 

S" 

do    aB»4'pid*       »)t 
AIlasa'faiKl**.    7X-S 
4e     aide  band, 

do     plak  9 

do     pinkdiks 

aadatitpe 

do     aUrtlaip. 

Aaeeksas 

do       psrplas 

do       stdcbd 

de      plak... 

do       lobas.. 

ArooM's  (kadas. 

4s  apselatflaa 

■fhlaTlsaslea 


23 


Prints. 

I  fteeuian  mbir 

'       doSoiaa  An... 

I       do    apeclaltie* 

'      do       pluka... 

Oamer's  nane*. . 

do     a  de  band 

robe* 

pinka  ... 
(hirtlnn. 
BoamUia 
solid.  ... 
porpla... 

liar 

do  mnomlBf . 
doahlrtln(... 
docambrtca.. 
do  aid*  band.. 
do  aoild  Mrk . 
KBiekarbocker  Tj 

HamlltoB 

do       ebeeka  . 

h'rcord. 

porple*. 

ablrt'n. 

•p'l  8I7M* 

blae  and 


do 
do 
do 
do 
do 
do 
Qlooe 


do 
do 
do 
do 
do 


Unshtna  salOBga 

iWrllnarrfldaslsn 

du    aalUnsa.,.. 

<*MiPk8Wftii«s 

COckesslbacv 

4o     itStmU 

da     rebas   ... 

a  5sfir  .■ 

do     sUrtlast, 
■afkaSas 


8 
S 

9 
9 
• 
9 


Hsni 
do 
do 
do 
do 
do 
do 
I       do 


jrrara  f'cla* 


DaaaslTs  teaej. 


10 

i 

« 


4e  Buvall'a.  914 

de  rsbas...  *H 

do  plnka. .  9J4 

4a  ahlfttl«a  8 

ito  pufiev.  9 


10 

It 

9 
8 


Canoe  Wvar. 


8W 
»X 

'sw 

•H 
8 

N 

T 
T 

V^ 

iii 

9 
9 

9 
9 

•H 

8 


?** 
9V 

•  << 


10 

8M 


9 
9 

9H 


do      rotaaa....       IW 

Coraet  Jeaae. 

>  lad.  Orcb.  Imp. . 
I         do       mt. 

K«araa(a,ast.. 

l.aeonla 


palm 

taaclaa.. 

Swia^.... 

rabyAbk 

cArpl-ka 

e  A  r  eka 

aide  bad. 

LodI  raaev 

XlDers'itkUtlags. 

Manchsslsr. 

do        robaa. 

do    aldabaad 

MsrrlmaeO  fey. 

do    Pplak... 

do   Fparple. 

do   F  shadia 

sadttrlpss 

do    sMabTl 

do     Alrtl^ts 

do      robes.. 

Mallory  stalks.... 

do     aagk..  .. 

do     frock.... 

do     hVeord.. 

do     AackB... 

do     parplaa.., 

Orleolal  fSorv  ... 

do     atdabaad 


Oriental  pnrple  .. 

du      mby  

do  ablrtinsa. 
PaclflcHilla 

do    aide  band. 

Paanic    

Peabodyaolld  .  . 

do  aide  bnd 
Rlebmonda  fane'a 
do       frocka.. 


do 
do 
do 
do 
do 


corda 

cb  eka. 

dhl  pok 

parplea 

Qnakara 

do  chocolatea 

do       gmya... 

do  Orr.  hi  A  r 

Slmpaoa'a  aol  bka 

do    bik  A  wh 

do    aide  band 

do    abep  pida 

do  allTFrcrey 

Balr-clolb  Cbev'u 

Sprairaa'a  froc'a.. 

do     reda 

do  parplaa. 
pinka.... 
aollda.... 
fanclea  . 
ebna  rba. 
robea  ... 
blaeA  wb 
ablrtlDca. 
■taptaa... 
Udlinbl. 


do 
do 
do 
do 
do 
do 
do 
do 
do 
do 


•er.  Bl'd. 

Soathbrldjre  f'ncy 

do      ahirtlns 

do     aide  bnd 

TTsloB  OHHiralng. 

do    aide  hand . . 

do    Orec'n  crey 

do    aolld  hiack. 

do   ablnlnx*. .. 

do    abrpd  pida 

Wamaalu 

do       robea .. 
Waablncton  racy 
do    aprcialllva 
d'bl..  pink 
f'ock  pink 
donb  pnrp 

rablaa. 

Swiaa  rub. 


8 
8 

■IM 
9 

J** 

to 

9H 
9 
9 
9 

9 
8M 

2^ 
!« 

9 


7 

9 

9-10 

7" 
8 
10 
9 


do 
do 
do 
do 
do 
do 
do 


Ifd  Kreea 
aids  baad. 


.  iPepperell,  M«a.. 
do        mt. .. 


BaUowsH  lam 


11M  '  Peqnol 


Naamki 


aamkaag  a 
ewimriSl. 


II 
111* 
9M 


Rockport 

Haflolk  .. . 
Hamilton 


SH 

BH 

6V 
8 

io" 

9V 
9M 


11 

10 


Aawtcaa 


U-II 

U-14 

do       teacy         II 
BaUaClM*M4..         I3W 
Contla  awnlac  .llW-<6 
Oolaablaa 9)f 


WoOdlMll  I 

Mill*  aad 

II0.O 

No,  I. ...... 

Wo.l 

No  8    .. .  . 

No,  4 

No  6 

No.«  

No.  7 


Aaoskasc 


aad    Drald 
PlMtwlu. 

".'."'.'.    m 
94 

....  n 
n 


BlHrea. 

r.'mit  Chariot  18 

Hamilton U-14 

Lcw'n  AA.CbaT.  13 

do         A  ...  11 

Maa.ahaate 18 

OilaBB IIK 

Park  Mtna  Ch'L  13^ 
rettoa  «all  Daek. 

No  8 B 

No.  9 M 

No.  10 It 

Llcht  daek— 

B«w(Ros.il9ln..  17 

do  hearyffoa.)...  10 

Mont.RaTenattln.  19 

do  40tn.  98 


ThomdIkaA.... 

do        B....  18-14 

UncasTllle  A...  1(V.U 

do         UCA.  11-18 

Wblltenton  AA  14 
do  B.  .  It 
da  fancy  XX        5 

Ontario  and  Woodberry 
U8A  Standard  Kit  in. 


do 
to 
do 
do 
do 


Sox. 
9  ox. 

10  ox. 

11  ox. 
IS  ox. 


Ontario  Twla,19in. 
do  861  n. 

Bx  twla"Polbem'a" 


10 
tl 
14 
19 
38 
II 
13 
It 


DoBieatle 

IIX  {  Namaake . 


Caledonia . . 
Oisaflnw 

Qteaoz 

aieaeesler. 
I«feutar.. 


IIMI 


Olmgkama. 

..  lOK 

ReDfrew ltj( 

,  ..  .  ;  Plonkett II 

IOmI  I'nlon 10 

I  Alamance UK 

Randalmos. IJf 
Bl»er~    ■ 


laa.  I»DE 

Baird 10 

Belfaat »* 

Bhirlay *}* 

White  Mfg  00 11 

COrlaton. U 


118 


THE  CHUONIOLE. 


[July  31,  1876. 


UBNBRAI. 

PRICES  CUKkKNT. 


AflHRS- 
Pot..  .  . 


.  ass 

11  00 
38  00 

■   1  io 

, .     130 

ii *ie 25  'JO 


BBBADSTnFFS— 8««>»p«el»lreport. 

BUILDING  MATKIUALS- 
BricJu—i^ommoa  uard.afloM 

Croton 

Phllailalptils.  ....  

C'tfnwni— 'J  ■««ndAle 

£<m«— Kockluin,  common.... 

KockUnd,  flnl^Mni 

i,«.mi)«r— ionthcrn  pWa J2  «  Shoo 

Wmte  pine  box  honrd ••••■•:••  '•'J   fSS 

^ISiVol!.",'""""'"-''"   "  :  »»^  2  "  SS 

niklrdMh ;;; woo  »5ooo 

^uckw«"5i;::::::v..-.:::: ■»*.  gjwoo 

8Dr.i.'e  board.*  nl.nk. |5  SJ    S  oS  XS 

H»mlock  hoard. »  Plank.     ^....     1«  ""    «  ''S  22 

ClInch.lH  to  3  1n.*longer 5  ">   » 

Mllna 5S  f 

Catkplke..«ll.li'.e« •  •>  *  • 

JWnM-tnad.  white.  Am, pure,  In  oil  11    • 

Lead.wh.,  \m»r.,pure  dry.    «Ka 

Cine,  wh..  Amor.  dry.  No.  I ,J^f 

Zinc,  wh..  A'ner..No.l.ln  oil  ..... 
Pari. whlt».Rnell«li, prime  roia... 

B|JTTKB-<WholMale  Price-)- 
Half  flrkln»(Ka»fn;3os  to  .elections 

Wel.htnb.,  „  ".  ,  "  " 
Halfflrktn.(We.fn)  '•  " 
-Welsh  tnba         " 

Ne»  state  factory,  fair  to  good 


•  <  so 

a  14  00 

«  SO  oil 

•  1  30 

•  ... 
«  .... 
«  86  00 


«  90 
5  75 
8  79 


HKMP  AND  JDTB-  _, _^  ^ 

American  jraMed Vton.  2SS  30   <t980  00 

American  andreued _•..■•    ...• 

KnMla.clean (old.ISO'HI    mZlS  00 

Italian '•   »«  00   fra-.S  00 


Manila 

Sim 

Jute 


.*» 


'X9 
3    • 


23S 
UK 

■ii" 

■it 

Jl 


13 


11S« 
1  35    a 


■X 
12 


9X 

1  oo 

3-2 
80 
3< 
39 


We«tern,  guoa  to  prime. 

COAI/-  .^  ^  noK 

Anthracite  (by  cargo) s  *i 

Wyerpoolgas  cannel... 

LiTerpool  house  oannal •• 


a 
a 


ItX 

10 


a  « 50 
a  12  00 
a  17  00 


i9«a 

isii^a 
•a  a 
:i  a 
»;  a 

20X.« 

17  a 
in  a 
i>  a 


2j«a 
n  a 
'»  a 

4  25    a 
1»X9 

1  90  a 

86  00    & 

3xa 

2?xa 

85  a 

4  45  a 

VOKS 

ill  a 
4-ixa 
o5  a 


5R7Ha 

1 2u  a 

17  a 

14  a 

26  a 


una 

...a 
wa 


73  Ha 
-8 

50  a 

1 45  a 

60  a 

19-iK3 


..  a 

le 

.  a 

13S 

..  a 

M 

..  a 

10 

..  « 

9 

10  a 

9  « 

11 

i2xa 

15K 

..  a 

U 

loxa 

SILK— 
T.atlee,  Nos.l  to  4 9*    SCO   a 

Tsatleo,  re-reeled ...     4  62X3 


Taysaaih.Nos.l  A2 •  50 

Canton,  re-reeled  No.  1  Cstngoan..  5  03 

8PRLTKB— 

Foreign lOO.B Jiold.  7  25 

Domestic cnr.  7  15 


9  75 
5  87VJ 

5  00 
5  25 


7J7X 

7  50 


K^  ord.  cargoes.  60a90  days,  go  d. 

do  fair,  Jo       S»S- 

do  good,  do        gold. 

do  prime,      ^  ^    Ao       gold. 

JaTii.maUandbaga gold. 

Native  U«ylon jujd. 

Maracalbo   |0  «- 

Lagnayra go  "• 

St.  iiomingo go  0- 

8av«nllla  go  "• 

Costa  Blca    gold. 

OOPPKB- 

Bolts .1 

Sheathing,  new  (over  IS  o«>  

Br»r.lerB"(over  l«o».) 

American  Ingot,  Lake 

COTTON— See  special  report. 
DBDCJS  *  DYES- 

Alnm.lnmn ••-••- 

Argols, crude *  .,  • 

Irgols.reOned 

Arsenic,  powdBred..... 

Blcarh.  sods,  Newcastle '• 

Bl  chro. pota«h .  Scotch 

Bleaching  powfler 

Brlmstone.crude.perton 

Brimstone,  Am.  roll *». 

Cimnhor   renned —  .........  ...... 

Castor  oll.K.MnOond,  » gal.. gojd, 

Caastlc  soda ,. 

Chlorate  potash  

Cochineal. Honduras . 

Cochineal.  Mexican .. 

Jream  tartar..... 

Suhe^is.Kast India . 

Cntch KOM. 

Baml>ler 

einscng  ...... ■=,'','• 

Glyc  rlnc,  American  pure __ 

irdSricepaiwrdaiabrta 

f.lprt-ice  paste. Blcllv ^5 

Licorice  paste.  Spanish,  solid. .  .gold      20   ® 

M*rt  ii>.r,  Hatch 

Mad'ler, French.. 

Nntk' ills,  bine  \leppo. 

or.  vitriol  f "6  degrees) 

Opium  Turkey  ..  ..(In  bond),  gold.    4  25 
Prusslate  potash. yellow.  Am...... . 

Quicksilver gold. 

Quinine.  ..  •■• ipn'- 

Khnbarb,  China, good  topr....V  lb. 

Bal  soda.  Newcastle gold 

Shell  Lac... .- .. 

Soda  asb.  ordinary  to  good gold 

Sugar  of  lead,  white ...a 

Vitriol,  blue. common 'Ha 

Store  Pnces. 


V\ 
19 

19X 

20 

28 

22 

23 

2IK 

17X 

22 

n 

31 
30 
31 
2SX 


2X 
24 
35X 

3X 

■l6X 
100 


2SK 

4'«2*4 
31 
50 
45 
36 
8 

6X 
6  00 

1  25 
18 
16 
36 
23 
30 

7X 
14 
IX 
5  OC 
34 
73 

2  3J 
1  50 

1  Sin 
70 

2  15 
;8Vi 


HIDBS- 
i>ry— Buenos  Aytea,  selected,  gold       n    a 
Montevideo,  do....     "         22   « 

Corrlentes,  do....     "         21    a 

RIO  Grande,  do....     ••         'iisa 

Orinoco.  do....     ••         21  X» 

California,  do....     ••  ioaa 

Matsm.  and  Mex,  as  thov  run     "  11    a 

Maracalbo,  do....     "  16   a 

Babla,  do....      ■■  16    a 

Drv fiaU«l— Uaracslbo.do....     "       ....    a 
cThlll,  io....     '•  16   a 

Pernambnco,  do  ...      •• 

SavanlUt,  do —      '* 

Bahla.  do....      •• 

ITel^alMd- Bnen.  Ay.selected     " 
Para,  do...     •• 

California.  do....     •• 

Texas,  do....    cnr. 

A. /.8tocl:— Calcutta Blanght...  gold 

Calcutta,  dead  green " 

Calcutta  buffalo ...      " 

HOP8- 

Cropal  IK74 •   tt       21    «       80 

Cropofl873    19    a        25 

Crop  of  18  n K«        19 

Belgian S 

Bavarian a       — 

English..., a 

lBO»-- 

Plg,  American,  No.  1 29  00  a  21  00 

Pig,  American,  No. 2 24  00  »  26  00 

PIE,  American,  Forge.... 22  PO  «  :4  00 

Pig,  Bcolcn    29  50  a  32  00 

.ItorePricet. 

Bar,  Swedes, ordinary  sixes    130  00  ai40  (0 

Scroll 80(10  ®125  00 

Hoop 87  50  alS3  00 

Sheet,  Ru?sla.  as  to  assort gold.  ®       13H 

Sheet, slngle.douhle*  treole.com.        4X®        fH 

Balls,  new,  Kngllsh gold  48  00  @  50  00 

do    new.  American car a  50  CO 


SPI0K8- 

Popper,  Batavli. gold  ...,a 

do        Blnaapore 17K« 

do        white S*** 

Cassia,  ChlaaLlgnea 23HS 

do       Batavia 52    a 

Ginger  African )0k« 

do     Calcutta 10  & 

Mace  1  10    a 

Nutmegs,  Batavia  and  Penang 100  a 

Pimento.  Jamaica toH« 

Clove" 84   a 


do    stems 


24 

11 
1  is" 

1  09 

101 

86 

15M 


SPIRITS— 

Brandy,  foreign  brand. ♦  gal\ 

Bum— J  am..  4th  proof *• 

St.  Croix.  3d  proof " 

Qln •• 

Pnmefttc  Mo?ior«— Cash . 

Mcohol  (JO  per  ct)  C*  W cnr. 

Whiskey ■ 

BTBKL— 
linKllsh,  c«!it,2dftlsl  c|uallty  fKgold 
Kngllsh. sprlng.'M  &  Istquallty..  *' 
Kniillsh  hllKter. 2d  *l8t quality..  " 

FuL'llsh  machinery *' 

English  German,  2d  A  Ist  quality  " 

Amijrlcan  blister our. 

Amnrlcan  cast,  Tool 

Ameri'ian  cast  spring 

Amerlcart'inachlnery 

Am-^rlnan  ttffrmar  spring 


. gold.-— p 


4  ro 
8  (5 
3  45 
8«0 

2  82 
1  21 


5  00 
7  00 
»  65 
82S 

285 


Store  Pricet 

14H«        17 

6xa 
g  a 
lOxa 

lOXA 
....    « 


LEAD— 
Ordinary  foreign *  100  lbs,  gold  6  75 


Domestic ■■  5  95    a 

Bar 8Xa 

Sheet 9X® 

LEATHER- 

Hemlock.Buen.  A're8,h.,m.4l K    a 

Ciilllornia,  h.,  m   *  1 i5    a 

**       comm'n  tilde,  h.,  m.  &  1 -^5    a 

"       rough 27    a 

Slaughter  crop 3'2    a 

Oak.  louirh 23    a 

Texas. crop 81    a 

MOLASSKR-  .... 

Cuba,  centrifugal  and  mixed 21    a 

Cuba, clayed .  „•••.■  ^    * 

Cuba.  Mn«.,  ri'flning  grades,  50  test.  36    a 

do      do    grocery  grades. , 37   a 

Barhadoes JO    « 

Demerara 8i    a 

Porto  Kino 85    a 

N.O..  new.fair  to  fancy.  ..  W  gal.  65    a 

NAVAi.  STOI4K8-  ._ 

Tar,  Washington 2  S7X» 

Tar,  WllmlnKton    2.50    3 

Pitch,  city..... .i-L-,-.-  '  !?*<* 


6  97H 
6  00 


Spirits  turpentine. .. . ..  .•.••".;  ?«','  ■ 

Rosin  com.  to  good  stralc'd  w  bbl. 


No.  1 

No.2 

pale 

extra  pale  . 


1  65 
a  75 
1  80 
4f.O 
6  30 


28X 

.•6H 

■i6H 

28 

35 

30 

■!4 

32 
36 
33 
42 
45 
45 
52 
73 

2  50 
2  62X 

■  'ssx 

1  75 

i  m 
■i  m 

5  50 
7  CO 


a 


80GAB-  „,_ 

'Jjua.lnl.to  com.  reCring   7J<a 

dn    fair  to  fcood  refining.. ..'Si 

do    prime,  refining 8  5-16a 

do    fair  to  good  grocery 8X8 

do    pr.  to  choice  grocery..........  BHa 

do    centr.hhds.ft  bxs.  Nos.  8®13  8X» 

Molasses,  hhde  &  bxs 7   a 

Melado ;,  a 

-    8.Nos.'.®9 '%* 

do  ioai2 fxa 

do    1S®15 BK9 

do  ifiai8 9xa 

do  ita^u loxa 

white  9va 

PortoRlco.rellnlng.com.  to  prime.  yt<i 

do        grocery,  fair  to  choice..  8xa 

Brasll.bags.D.  S.Nos.9«ll 7Xa 

■Java,   do.  D.S.,  Nos.lOal2  «X® 

Manila       y "Xg 

N.  O..  refined  to  grocery  grades    ...  ...  _a 

Befliwtl— Hard,  crushed »»  JlXa 

Bard,  oowderei '"*s 

tto     grannist'iu .■•» 

do     cut  loat llVa 

Soft  white.  A.  atanaara  centni...  10«« 

d<,       di.      otfA 'OS® 

White  extra  C  l"**® 

Tellow      do       9«a 

Other  Yellow »»» 


7 
14 

11 

ux 
» 

16 
10 
11 


tiav'a.  Box.D. 
do  do 

do  do 
do  do 
do  do 

do  do 


8V( 

ex 

8K 

es 

9X 

1% 

6X 
1% 
8X 
9X 

lOJi 
6X 
8V 
7X 
8X 
7K 


11 
UK 

ICX 


10^ 


TALLOW- 
Prlmeoltjr,*  '» 


rrime  011.J ,  ^   ii:^ 

Western,  ♦»    ....•         ''*'» 


a  8  13-16 


8X 


George's  and  Grand  Bank  cod, 4  75 

'.'.'.'.    9  00 
....  10  00 


Mackerel,  No.  1,  snore 

Mackerel,  No.  1,  Bay  .. 
Mackerel. No.t  shore... 
Mackerel,  No.2.  Bay 

FLAX—                   ,  - . 

North  River,  prime •  » 


525 
a  13  00 
a    950 

a  10  50 

a    8  90 


19 


FRITIT-  ,~,    _ 

Raisins,  SeeoiesB 5 '"'   • 

do     Layer 2  20   a 

do     Sultana IJXa 

lo     Valencia lOxa 

do     Loose  Muscatel 3  40   a 

Currants ,/XI 

Citron, Leghorn -^X* 

Prunes.  Turkish 8   a 

do        French  10   ® 

Dates ,5   a 

s-wa •• 1-    a 

Canton  Ginger »  case.      ....» 

iardlnes,  Whl.box car.       «   a 

afarrtlniii,*' nr  nox 18Xa 

Macaroni,  Italian ® 

DomenUc  Dried- 

Appies.  Southern,  sliced 7X® 

5o  •■  quarters a 

di      state,snc»1 7V® 

flo  do    quarters 7Xa 

To       Western,  quirters 7)«a 

Peaches,  nared  Western '.6    ® 

do  do  Qi.  ffooi  and  prime....  ifl  ■* 
do  do  N.  CaoUoa,  prime.  ...  28  a 
oo        unpared,  halves  and  qrs. ..         7    ..« 

Blackberries „'*<* 

/{mpberrles  26   ® 

Cherries,  pitted 21    a 

Plums 13    ® 

GITVfilKS.— *»ee  report  under  Cotton. 

GONPOWDUR- 

Shipping  »  25  »  keg a 

Mining  A  Blasting ® 


5  25 
2  25 

iox 

360 
6X 

'8X 
15 
5>4 
IS 
8  00 
26X 
14 
14 


8« 
7X 
7X 

13 

.20 

25 


7W 
5V 
9 


im 

1  70 

1  90 

2  00 
17K 
18  H 

84' ■ 


Uyson,  Common  to  fair cnr.       26 

do     Superior  to  Are 34 

do     Extra  fine  to  finest 50 


Filberts.  Sicily «..  jxa 

ao        Barcelona 7    a 

Brazllnuts •■       ...    ..^  BXa 

Walnuts,  Bordeaux t« 

do        Naples 10    ® 

do       Grenjble nxa 

Pecans...   U    ffl 

Pi-anuts.  Tennessee 1  55    a 

do      Wilmington 1  .0    a 

do      Virginia 185    a 

Almonds,  I.anguedoc 17   a 

do        Tarragona IS    a 

do        Ivica 17    « 

^o        Shelled Si    a 

do        Prince's @      30 

OAKUM— navy  tobeBtquamy...»ib.  7Xa        9* 

"city.bag" ""'"tSS   2    •■■• 

Western -..cur.  45  00    a    .... 

Cotton  seel,  crude    47   ®  50 

Olive,  in  casks*  gall Ill    a  118 

Linseed,  casks  an  I  bbls ■..  .       60   a  68 

Menhaden,  prime  L.  I.  Sound 34    (a  35 

Neatsloot.. ......... 15    ®  120 

Whale, bleached  winter 12    a  i5 

Whale,  Northern ,  $ji    ®  *^ 

Sperm, crude }  55    *  — 

Soerm.  bleached  winter 1  90    a  .... 

Lard  oil.  Winter a  105 

PBTROLKITM- 

Crude,  inbuh! 5X«  5X 

Q^^es 16    la  16X 

Reflned.'standarrt  white llXft  HX 

Naphtha.  City,  bbls a  9X 

PKOVISIOHS— 

Pork  new  mess »  bbl.  20  90    «  21  00 

Pork, extra  prime ;',      ',«  »«   |  j,-^^ 

8  00     a     9  50 

10  no  a  10  75 

22  25    a  23  (0 
15    ■»        I5X 

i3xa      13H 


27 
22 
30 


3  29 
2  75 


HAT-. 

SMOP'CS 


,« looim     69  a 


Pork,  prime  mess 

B"!el,  plain  rae.-fl 

Beef.extra  mess... 

Reef  hamp,  old  and  new 

Hims.smotnn -  ••■•  " 

Lard.  City,  steam 

BICK- 

Carol Ins,  fair  to  cno'ce 

Louisiana,  fair  to  prime -. 

Rangoon,  in  bond...- gold. 

Patna 

8ALT- 

Tarks  Island 

81.  Martin's 

Livernoot  .v.rionaaorti VaanK. 

SALTPETRE- 

ReOned.pnre W" 

Crude - gold 

Nitrate  soda 


do      Choicest 
Young  Hyson, Com.  to  fair, 
do  Super. to  fine. 

do     Kx.  line  to  finest 

do      Choicest 

Bunpowder,  com  to  fair... 
do  Sup. to  fine., 

do   Ex. fine  to  finest.... 

do    Choicest 1  10 

tmperial.Onni   tofair 2] 

i.o        Sun.  to  fine 36 

do        Kxtraflnetoflnest 58 

Hyson  Skln.&Twan..  com.  10  fair.       21 

do  do      Sup. to  fine 27    _ 

do         do      Kx  fine  to  finest Nominal. 

Uncolored Japan, Com. to  fair 37 

ao         Sup'rtofine <; 

do         Kx.flne  to  finest 59 

Oolong,  Common  to  falr.,^ Ij 

do     Superior  toflne s» 

do     Kxfineto  finest SS 

do     Choicest f^ 

Sonc*  Cong.,Com.  tofair 


60 

90  a 


40 
62 


48 
60 
85 
30 
50 
75 

1  10 
8.1 
50 
75 

1  '20 
35 
48 
Ti 
26 
29 


Snp'rto  fine 


Bx.flneto  finest 58 


.  gold. 


do 
do 
TIN— 
Banca.. 

straits ". 

English 

Plates,  I.  C.cbarcoal " 

Plates.cbar.terne 

TOBACCO— 
Kentucky  lues,  heavy 

leaf.  ;;. 

Seed  leaf- Connecticut  wr«ppersT3 

•«              Conn.  A  Mass.  fillers.  •TS  7 

Pennsylvania  wrappers .  '72 18 

Havana,  com. to  fine............ s» 

Manufac'd,ln  bond,  black  work 1] 

■•             •■    bright  work 25 

'TSerToan  XX..  *»       w 

American.  Nos.  I  *2 60 

American, Combing 54 


tsxa 
800  ® 
7  25   a 

inxa 
i2xa 
25  a 


42 
54 

77 
SO 
52 
70 
97 
84 
52 
85 

58 
MX 

9  85" 
760 

12 
29 
55 

8 
40 
1  25 
SO 
50 


.»». 


8RED— 

Clover,  Western 

Timothy 

Hemp.forelgn 

Flax,  rough 

Llnaeea.(Jalnatta  *  9«ftgola  (time) 


7X^ 

7xa 

2  75    a 
6X® 

25   a 

.  ..a 
1 40  a 


5xa 


11X3 


8X 

7X 

2  87X 


.V  bash.   :  90   a 

1  87Xi 

1  65    < 


lax 


12 
800 


1  67X 
1  85 


Extrs.Pnlled 

No. 1.  Pulled 80 

California.  Spring  Clin- 

superior,  unwashed as 

Medium.., 27 

Coarse g 

South^iin .'  Merino  nn-washe'dV.'. . .  29 

Cape  Good  Hope,  unwashed 


Texas,  fine »" 

Texas,  medium.... »" 

Smyrna. unwashed  KOlo.      w 


52 
55 
68 
90 
89 

84 

30 
28 
26 
83 
ii 

35 

to 


^Seet »». gold.net 

FREIGHTS-  ^-BTXAll.--- 

ToLm«POOL:  >.d.    ».  d. 

CoUon *  ».  ....«    )< 

Flour »  bbl.  59   a,... 

Heavy  goods.  .11  ton.  85  0   a45  0 

OU '..-  45  0    a — 

Com,b'lkftbgs,*ibn.  8X».... 

Wheat. biJt&  bag...  , 'X»— • 

Beet »tce.  60  a... 

Pork Vbhl.  6  8  a.... 


i\m 


«.  d. 

....® 
3  6  «a 
25  0  a 
35  0    « 


800 


96. 

«0 


July  8l,'18T6.] 


rflE   CHROXICLE 


m 


Railroad  Material,  &o. 


■ANOBBMTBB 

Locomotive     Works, 

MASurAcrrBWis  or 

I,««*aaatlve«,    Stmtlenmrr   Stemai  B»- 

Klnrs,  and  To«la, 

MANX'BJBSTSR.  V.  B. 

41tKTAS  BLOO0,     W.  O.  SIRAIIB, 

■■»»il«n«««u>  _  „  TrM«orer. 

MMOMMv.K.a.       4tWM«rwn«t.BaMoa. 

Morris,   Tasker  &  Co., 

Pa»«al  Iron  Works,  I'hiladrlpkla. 

Tmakar  Iron  Works,  ?tewemstle,  Bal. 

■AinrrAorvan*  or 

LAPWKLDBD  AWBRICA!(  CHARCOAL 

IROK     BOILER    TtBES. 

WBOOQBT  tuns  TUBIS  *  FITTINGS 
of  •**(*  dMsiptloa,  for  Om,  Stesm,  Water  tad 
On,KMt>  BMl  Om  rtlUn'  »«pplia«.  M>cU 
te  Onl  Om  Warkik  Cot  Inm  WsUr 


I  Om  rtiUn'  »«pplia«.  MicUawr 

-••  Wark».C«atr       — 

•ndOM  Pip*. 

DIPBOVSD  SCOAS  KAOBimRT.  Ac  *«. 

OITlCB  AKDWARSaOnaC  : 

n*.  I  <  C>*L1>  kTBBKV,  If  BW  VOBB. 

T  M  B 

United  States 
Rolling  Stock  Company 

An  BOT  >»1»M»«  lo  Lmm 

MB«tlTea, 
Psaa»MKrr  Cara, 
BacsBc*  <  ara, 
Urala  4'ara, 

»l««k  Cara. 

•■4  Coal  Omrm. 
ror  lana*  lad  laf oraaOaa  ay^  to 

.fAHBS    B.    ■•DOaKIN,  \ 

NAIiWtf  •raM.XvSatt. 


Edward   W.  Skrrrll, 

CIVIL    KMttlNKRB, 
TS    Braa4war,   flaw    Tork. 


KAOJIOADa,  nUDOBS     AKO     HIOOKAIIOk 
-aSyVBU.**   PATUIT    WKUUUUT 

mam  tiadpct*.- 


I 


BORDF.N    &     LOVELL, 

COHHiaitlON     aBBCHANVa 
T*  *  Tl  Waat  MU^  Maw  Terk, 

AOKSTB  FOR 

BOBDBR  aiiriive  co.nPA!«v, 

CUMHUOAVD  COALS. 
rAl.1.  BITBB  UBON  WAmaUICOH** 

NAtUI.  BAKM,  WMIW  AMU  KOM. 

•  LB   OOL*I«T  STBAHBOAT   OCw. 

FALL  HlVCr  UKt  ITBAHAKS. 

'WALLKILL    LIMB   *  CKBBNT  <)•. 

PHELPS,DODGE&Co 


Dlf<MmtBS  AMD  DBALKR8  III 

Tin   &  Roofing  Plates, 

or  ALL  ■IZBS  AMD  KIMD*. 

ra«  Tin,  kossia    aaBBT  iBoa, 

CHAMCOAL  AMD  COltMOM  BBBKT  IROB, 
■JiAB,      BBBBT      StNC,       COPrBB 
■yaltar,  BaMar,  Aatlaioaf'.  A 

MAMUrACTtniBBB  Ot 
«BWBB.    BBAaa  ARB  W^IBB. 


Railroad  Material  &,o. 


ioa>  *.  zsjcwasT.  buibt  a.  bassb.  joaa  s.  baexb 

J.   S.    Kennedy  &   Co., 

BANKBB9  AND  nERCHANTB, 

41  <.  EDAR,  COB.  WILLIAM  ST.. 

If a«r  York. 

B«r  lad  Mil  Hailrmd  laTatment  SacBrlttM.  Co 
I«c(  OoBpaoB  aa*  Ottldaada.  JTacoOata  Loaoa  aaii 
draw  BtUa  of  Kiehaac*  oa  Lottdon. 

A«aDUor  Um 

CAIHBBIA     IBON    COnPANT, 

of  JOIUnTOWM,  Fa,  for  ttaa  lala  of  thalr  IRON  an  i 
STBKL  RAILS. 

All  baatnaaa  rslattar  to  th*  CooatneUoa  and  Bqatp 
■*M  •!  BBllroad*  OBlBruina. 

Thos.    J.    Pope  &  Bro., 

>«a  Pearl  Street,  Naw   York 

Pig    Iron, 

BAILS.    <OFPKH, 

SPBLrKR.    TIN,     LBAO, 

Nirwiri,.    ntaMl'Ttl.   kr. 


Miscellaneooa 


'<1^ 


^:^^^^^ 


STEEL    PKNS.  ' 

MAirurAcnrRBBS'  waekiiouba. 

JtiaBPH    QILLOTT    A     »ONS, 
«l  J'>;sa  Htreat.  Naw  Vark. 
RKKRT  HOB.  Boui  Aaawr 


TO    PRINTERS. 

Wa  kaay  aa  haad  (b*  largan  Moek  of 

PBINTINO    TTrBS 

la  Aaatira,  laiortad  lor  Baaltia.  Pxaak,  BBaalak, 
aa4 Fottaiawau  «kMk *•  Mala l*« <*  —UpmnMm- 
«ra,a>l«a  aneMlor  aaA 
Wa  ako  daal  IB  all  ku«a  sf  a«w  PilattB*  MatarWa 

Geo.  Bruce's  Son  &  Co., 

H*.  I*  CkkMkara  •§■«••,  H.  V. 

B.  B  — TW  Maak  aadBaad  TaklM  el  IW  ranara 
IBL  aaa  riBaa«»AHlB»ilBia.aa>lli»  llaa-a^- 
I  la  OM  Ba<«r,aa  at  liti  •■MtAty  of  aaek 

^  taaatvfataa  taaaa.  ara  M(  la 

■TAB  IkttrPataat  rwaraa 


J 

Gorham  Mf'g  Company. 


osEPH  Bachman  6c  Sons, 

HBriu»K<rTATirB*  or 


Sterling   Silvar 

AMD 

Fine  Electro  Plated  Wart 


IMK 


R 


J»HN 


•rSBL,    CBAMCOAL,    aaa 
B.  B.  of  Ika  Ttry  teal  qmtUtj 
niubl*  for   flhiFt,     Btenai 
BrMcaa,  Oaji,  I>ar- 
laallMd  naaaa.  Mialnc 
BoMUs    FaitBut.    Ac.      A 
Lata    Stack    aoBaUallr    oa 
kaad.  fron  wkiek  aar  ttairrd 
iMctki  ara  rat. 
w.   aiAaoN   4c   €<».. 
4B  Rroa4avar,  Naav  Tark. 


Financial. 


Union  Trust   Company 

or  NKW  YORK, 
No.  TS  Broadway.  Cor.  Rector  St. 

CAPITAL 
ONB  niLLKIN   DOLLARS. 

INVKSTgn    IN    DSlTKB    ST\TK<    B'>NDS. 

AnlhO'Ued  by  1  «  to  act  acta.  STerntar.  Artmlnlt- 

tntor,  ua.rdl.n,  K<>celT«r  xr  Trn.tee.  and  l>  a  Itsal 

Jer'0.itoi7  for  mooer  paid  Into  Cuart  or  tranaferrad 

to  It  Iqr  aar  ''nrroiiato. 

loteraai  allowsd  oa  dapoalu,  which  mar  l>a  made 
and  witbdrawn  at  anr  tima. 

K.  B.— Cbeoka  of  I)«p4Wltora  on  thla  Institution  paai 
throoah  the  Oleartnr  mo<i.^. 

BDWAKU  KINK,  Preaidrnt. 
J.  HI.  IMeLKAM.  FIrat  V Ire-President. 
Wm.  WHITBWKI«;ilT. 

Serond   Vlt-e-Prealdent. 
KXJtCOTlVK  CCMMII  IKK; 
J.  M.  IfOLBAN.  8AJirML  WiLLKTa. 

B    H.  HCTTOII.  Wm.  WaiTBWaiOHT, 

K.  B.  WaatBT,  Oao.  Cabot  Wabd, 

O.  O.  WiLLiAMa.  W«.  Bmaa  DmcoAir, 

J.  H.  OSILVIB,  fceeretarF. 

The  Brooklyn  Trust  Co. 

Cor.  of  Mootacne  A  Clinton  lU.,  Brookljrn,  N.  T. 

CAPITAL,  unjm. 

Thla  Compaar  I*  antborlaed  br'Peelal  charter  to  act 
M  r«celTar.  traataa  or  anardlan. 

It  eaa  aet  aa  ataot  la  the  Mie  or  mauaccTnrnt  of  real 
eatate.  oollaet  iDtO'eat  or  rilrldeoili  n*celrfl  realntry 
and  traatfar  books,  or  make  parcbaae  and  Mtle  of  Got. 
erament  aad  otner  Mcnritwe. 

Keltctoaa  and  charltahle  Inatltotloaa,  and  peraoni 
nnaccoatomed  to  tae  traovacuon  of  bu-lneaa.  will  find 
thla  i'umaaar  a  safe  «tid  cnnv.'nient  depoaltorr  for 
moner.  KIPLKV  BKPKS.  Prealdeot, 

CilAS.  K   I1AK7IN,  Viee-Pratt. 

Kdsab  M.  CrLJ.B>.  Cnanaal. 

TKtntTBKS: 
J.  8.  Rockwell,       Hrnrj  Saater,     Alex.  MeCne. 
W.C.  Klnialey,      Chaa.  K.  Marrla,  A.  A.  Low, 
Joha  P.  Rolfe,       A''m  II.  Kajriu,    8.  II.  i  hittrndaa, 
t  homaa  SalMran.   IHn'K'h.anrfy.   Krtward  Ilanr^, 
M.k.  PMnapoBt.    Joalah  <>.  Liiw,     Jamea  U.  Flab. 
Iiitt  IlalttJ.  Alas.  M .  While. 

'~~^'  Wm.  B.  gpitKBR.  gecrataiT 


r  COMPAKY, 


OP    THB   ''ITV    OP   NKW  VOBK, 

cot.  BtOAnWA  r  <t   WAKRKN  81„ 

PAUKVP  CAPITAL,  fl.OOO.OOO. 

laraatad  la  Uniiad  tlatae  aorsraoient  Booda. 

^■B"  ^^SS^^^'^  CKS1  InunH  per  aasina  aa 

*K!?M#«iJ^.vy'%tre* per  aasisa  aa 
lpiigldMtimniintif»»itaaM«iB«rlaBBtr. 
Aa-rKSMafarM.--.  ^^,„^^  p^^^ 

JiiHM  C.  CRniKBBAMK,  tvmary. 

■EN  AUD  IDIOMS  OF  WALL  STREET 

la  a  BOW n  pap*  book  alrlnp  the  hlrh.at  and  I'-west 
prVaaaf  ato.  k.  for  i%Tf.ar..  rt>mi>  .ti-  li.t  o'  df»faniied 
lailntda.  -'It  orera- 

tot«.tBd  11  mm*  of 

moeM.    <  K'oer.  for 

atoekt  aprt  .to'K  priTiirKi-.  •-..-vu'i-i  >•]  luatl  and  tel^ 
«Tap»,fBl>lltiii  made,  moaar  laTeeied,  aad  Infor- 
■atNaBTtalT 

JOHN    HICKLI/^e   A    CO., 

aad  Broker.,  n    BROADWAT.   K.  T. 


Tumbridge  &  Co., 

BAJIKBRS   AKD    HUOKBKS. 

t  Wall   Itraat,  New   Tork, 

Bay  tad  Sail  8'acka  oo  Mafplna  or  for  Ctab 
PITTN  tod  CALLS  orKOtla'fsd  at  the  lowttt 
■arkatiataa;  BSO  for  SO  sharra,  BIOO  far 
I  OO  aharaa.  Thirty-two  ptito  ezpUnatory  pas- 
pblrl  Btflad  on  apullrsllnn 


MiioeUaneouB. 


McAlister  &  Wheless, 

corroN 

OOnim  ISSION    mBBOHANTS 

NASHVUJJI,  TKNNBSn, 

Bpattal  attantlao  clTaa  to  Splnaert' orden.    Corr*- 

''Rarnnoaa^Th'lrd  and  Poar>B  NaUoaal  Baaki 
aad  Piwlslare  of  Taa  CBtomtiLB^ 

Farmers'    Favorite. 

CIDER  AMD  WINB  NILLS  AND  PRESSKS. 

Bead  for  our  new  Clrenlare, 

R.    H.    ALLBN    A     CO.  , 

181  A  1«  WATKK  8T„  New  Tork. 

Asricoltanl  Implaisaau.  Saadt  aad  FertUUart. 


IT 


THE  CHRONICLR 


[Jaly  81,  1875 


Financial. 


Winslow,  Lanier  &  Co., 

BANKEBtt, 

«T  PINK  8TRBBT,   NBW  YORK, 

Kecelve  the  acconnte  o  f  interior  htnlm,  bnnlierf , 
corporfttione  and  Mercbautn. 

Agent!  for  the  sale  of  City,  Connl  y,  and  K&llraad 
Bonds  ;  leene  Letters  of  Credit  for  foreign  travel. 
LONDON  CORRB8PONDKNTS 

OITV  BANK,  Tbrwadneedia  Street. 


Ripley  &  Comp'y, 

BANKKR8  &    FINANOIAI.  AGENTS, 

DSALBR8    IK 

BAIL  VAT    AND    CORPOBATB   SBCURITIES. 
No.  83  Pine  St.,  New  York. 

Geo.  B.  Satterlee. 

Knoblauch 

&  Lichtenstein, 

BANKBRS, 

T  Rroad  Street,  Neiv  lork. 

Draw  Bills  of  Exchange  ana  Isene  Letter?  of  Cie- 
dit  on  all  principal  cities  of  Europe. 
Open  CreditsonShaushae  and  Vokobaina 
Telet'raphic  transfpr«  mM'* 
«o«cia!  Partner.— 0RDT8CHE  BANK,  Bentn. 


Albert  Hj  Nicolay  &  Co. 

stock  Auctioneers  and  Brokers, 

No.  43  PINE  STREET,  NEW  YORK. 

W  REGULAR   AUCTION  SALES 
OF 

STOCKS    AND     BONDS, 

Enery  Monday  and  Thursday^  or 

Spsoiai.  Salkb  Mads  ok  all  othkb  Days, 

UPON  ONE   DAY'S   NOTICE   WHEN   REQUIKKD 

Oar  EAtablUbed  Custom  23    Veara. 

tV  stocks  and  Bonds  bought  and  Bold  at  the  New 
York  Stock  Exchange  and  at  prlrate  sale  on  comiolB 
sioa. 

%W  Securities  not  dealt  In  at  the  Stock  Boards 
Bpecl&tty  with  this  house  for  many  jears. 

PF~  First-claaa  Municipal  Bonds  Railroad  Sonde 
and  other  Incorporated  loans  neg:>tlated  on  liberal 
terms. 

Gwynne  &   Day, 

(EttWjlielied  1854.) 

B  A  N  K  JB  R  S  , 

No.    16    TTAIiL    STREET. 

Buy  and  Sell  Stocl^s,  Bonds  and  Gold  on  Commission 

l)ea  ers  in 
NEW  TOliK  STATE  STOCKS 

KuW  lOKK  CITY  STOCKS. 

MISSOURI  STATE  SIXES 
And  other  first-class  Inveatmeut  Securities. 

E.  S.  MT7NKOK.  B.  K.  WlLLARD, 

Hemt>er  Stock  Kzch'ge.  Member  Stocks  Gold  l!,xch'B 

E.  S.  Munroe  &  Co  , 

BANKERS   AND    BROKERS, 
No.  1  Broad  Street,   Corner  or  trail, 

DREXEL    BUILDING. 

Buy  and  sell  Bonds,  Stocks,  Gold  au'l  Foreign  Ex 
change  on  Commission.    Interest  allowed  on  dcnoslts] 

N.  T.  Beers,  Jr., 
Brooklyn      Stocks, 

OAS    STOCKS, 

2X     WALL     8TRBKT. 

Dealer  In  Railroad  and  Inveptment  Stocks  and  Ponds 

JALDEN  GAYI.OKU,  Miscellaneons  Se- 
•  curltes.  No.  3)  Wall  St.,  Mew  Vork.  (P.O.Box 
1^2).  Special  attention  given  to  St.  Louis  City  and 
County  Bonds;  Missouri  County,  City,  Town  and 
Sctasol  Bonds.  Also,  to  the  Bonds  and  stocks  of  the 
lolDwlng  ICnllroads :  Atlantic  *  Pacinc,  Missouri 
Puclflc,  JSuutll  Paciflc,  Katiaas  Pacific,  Denver  Pacific, 
North  MUajuri.  bt.  Louis  Kansas  City  &  Northern. 
Refers  by  permission,  to  Mesws.  W.  8.  Nichols  &  Co., 
Bankers, New  Vork  ;--  ,■■'.. 


Financial. 


Dist.  of  Columbia  3-65 

GOVERNKIENT    BONDS. 

Fbrtynint  ytart.    TIeldtng  on  Uit  Cott  S  2-3  per  cent. 

"  And  the  faith  of  the  U.  8.  Is  hereby  pledged  that 
"  the  IT.  8.  will,  by  proportional  appropriation  a^  cou- 
*'  tempiated  1u  this  act.  and  by  causing  to  be  levied 
'*  nnoii  ihc  propel  tv  within  salil  1)1  trie,  such  tsxcs  as 
•'  will  do  so  :  p  ovlde  the  revenues  necescary  to  pay  the 
'  interest  on  Bald  bunds  ris  the  same  may  become  due 
"  and  payab  e,  and  create  a  sinking  fund  for  the  pay- 
"ment  of  ih.' principal  at  maturity."— .4c«  Cofi^rMS 
>«».,  :8T5. 

ROLLINS   BROTHERS   &    CO.. 

Banker*,   Neir  York, 


Bad  Bills   Collected 

AT    TBI 

LAW    AND    COLLECTION    OFFICE 

Ot    R     S.    CARROLL, 

7  TREMONT  ROW,  BOSTON. 
Charges  reasonable.    Abundant  references.   Collec- 
tions made  In  ail  p.rts  of  the  United  States. 

Smith  &   Hannaman, 

CHOICE    nUNICIPAL     BONDS. 

INDIANAPOLIS.    INDIANA.     • 


A  Sol  id  Twelve  Per  Cent 

"While  bondB  and  stocks  are  the  footballs  of  brokers, 
the  solid  Illinois  an<t  Missouri  TEN  PKR  (JrNTS 
(semt-auuually  at  tne  American  Exchange  National 
Bank,  New\orh)and  our  choice  KaDsas*  TWELVK 
PER  CKN'l  S  have  never  failed.  Nothing  but  an  earth- 
quake can  impHlr  their  abso'ute  security;  and  as  to 
proiirptness.aek  our  New  Vork  Bank,  itur  paper  is 
o/way*  oi par  in  New  York,  because  always  paid  af 
maturity.  Hxtc  loaned  mllliong,  and  not  a  dollar  ha 
•ver  been  lost.—Kor  details  address  ACTUAR  i  of  Ih^ 
Central  Illinois  Loan  Agency,  Jacksonville,  IllluoU 
■.  O.  Box  657. 


AaeiTBTUB  J.  BBOWN. 


WALBTOK  n.BBOWK. 


Aug.  J.  Brown  &  Son, 

RANKERS, 

SO  Liberty  Street,  New  York. 

SPECIAL  ATTENTION  GIVEN  TO  THE  NEGOTIA 

TioN  or 

RAILROAD    SECI7KITIES. 

Levy  &   Borg, 

53    Exchange    Place, 

BROKERS  AND  DEALERS   IN  ALL  KINDS  OF 

^OVTHERN  AND  miSCELI  INEOUS 

8EC0EIT1ES 


Grant  &   Company, 

BANKERS    AND   BROKERS. 
No.     33    tVA  L  L     STREET. 

TRANSACT  A  GENERAL  BANKING  BUSINESS 
STOCKS  BOUGHT  AND  SOLD  ON  COMMISSION 
INTEREST  ALLOWED  ON  DEPOSITS. 

R.  StrmAM  Qbant.  G.  St.  John  Shkfixld. 


SIDHET  B.  OOOKS. 


WKKD.  a.  OOLTOH. 


Cooke  &    Colton^ 

BANKBRS    AND    BROKERS, 

44  BROAD  STREET,  NEW  YORK. 

Stocks,  Bonds,  Gold,  Foreign  Exchange  and  Mis. 
cellaneous  Securities  bought  and  sold  strictly  on 
Commission. 

Gargiulo  &   Co., 

BANKERS    AND    BROKERS, 

Nos.  4  &    6   Rroad   Street, 

NEW  YORK. 
Stocks,  Bonds,  Gold  and  Miscellaneons  S«:aritie« 
bought  and  sold  strictly  on  commission.   Orders  bj 
mall  or  telegraph  carefully  attended  to. 

Hilmers,McGowan&Co 

BROKERS  IN 
FOREIGN  EXCHANGE    AND  GOLD 

54  Urall  Street,  New   ¥ork. 

(P.  O.  BOX  ii,84I.) 
Special  attention  paid  to  the  negotutlon  of  Cooi. 
merclal  bills. 


Financial. 


O.  T.  Bonner  &  Co., 

BANKBBS  AND  BBOKBRS, 
No.  20  Broad  Street,  Now  York. 

Stocks,  Bonds,  and  Government  Secnrltiea  bought 
and  sold  on  commission  at  the  New  YorK  Slock  Kx- 
chunge. 

Dealers  in  all  descriptions  of  Bonds  and  Investment 
Securttiea. 

The  correspondence  of  Bankers  and  Brokers  through, 
out  the  country  soUcitecl. 

Fnndlng  of  Southern  State  Bonds. 

We  are  prepared  to  fund  BondR  of  the  following 
Southern  BtHtes,  in  accordance  with  their  several 
Funding  Acts,  upon  the  must  reasonable  terms 
possible: 

VIRGISIA,  LOUISIANA,  SOUTH  CAROLINA^ 
TENJIESSEB. 


nr  ANTED. 

West  Wisconsin  Railroad  Land  Gtant  Bonds. 
Georgia  State  Eight  Per  Cent  Bonda. 
St.  Joseph  ft  Denver  City  Railroad  W.  D.  Bonds. 
IlltnoisXIouQty  and  Town  Bonds,  Repudiated. 

FOR    SALE. 

Kansas  Pacific  Railroad  Income  iton  ds. 
Houston  t  Texas  Central  RR.  First  Mortgage  Waco 
Branch  Bonds. 
Richmond  County,  8   I.,  Seven  Per  Cent  Bonds. 
New  Orleans  Mobile  &  Chatt.  First  Mortgage  Bonds. 

G.    T.    BONNER    &    CO.. 

20  Broad  Street,  Nenr  ITork. 


CLEVELAND  CITY  Te,  due  in  1894. 
CINCINNATI  CITY  7'308.  due  in  1903. 
ST.  LOUIS  CITY  6s,  due  in  1887. 
JERSEY  CITY  78,  due  in  1894. 
NEW  YORK  CITY  78,  due  in  1886. 
ROCHESTER  CITY  78,  due  in  1903. 
BUFFALO  CITY  7s,  due  In  1894. 
For  aale  by 
DANIEL      A.     MORAN, 
40    IVall    Street. 


THE  UMTED  STATES  mORTGAGE 
COMPANY  otters  for  sale  its  bonds,  represented 
by  mortgages  on  Improved  real  estate  and  by  a  sub- 
scribed capital  of  Id.OUO.OOO  m  gold. 
DJKECTOiSS: 
S.  D.  BABCOCK,  Preiident. 

L.A.  VON  HOFFMANN,  Treasurer. 
B.  H.Hutton,  Fred.l?c!iuchardt, 

F.  L.  Barreda,  J.  Herpont  Morgiin, 

W.  Butler  Duncan,  David  nows, 

John  T.  Johnston,  W.  H.  Burns, 

O.  Tracy.  J.J.  Goodwin. 

For   further  particulars   apply  at  the  company's 
office.  No.  50  Wall  st.        ALEX.  J.  KOCH,  Secretary. 

To  Capitalists. 
^soojooo 

IN    sums   OF    $2,000    TO    $150,000, 

Wanted  for  Applications  now  in  hand  for 

FIRST     inORTGAGE    LOANS 

0!f 

FIRST-CLASS  CHICAGO  PROPEETT, 

AT    INVITING    RATKS    OF    INTEREST. 
Evirj/  valuation  reliable,  and  not  over  40  per  cent  of 
present  actual  value  required. 

JOSIAH     H.      REED, 
20  Nassau  Street. 
Thirty  years*  acquiintance  with  Chicago,  and  City 
references  of  the  highest  character. 


Cook    County,   Illinois, 

SECURITIES,   INCLUDING 

SOUTH    I»A.IMi 

SEVEN     PER     CENT     RONDN. 

A    LIMITED    AMOUNT    OF     THE     ABOVE 
CHOICE  mVESTMENTS  FOR  SALE  BY 

H.  A.    SCHREINER, 

60   Wall   Street. 


E  .    S  .    Bailey, 

65  WALL  STREET. 

Dealer  in 

Fire    ard    Marine   Insurance   stock* 
and  Scrip 

"SPECIALITY." 

Casta  paid  at  once  for  the  above  Securities ;  or  thej 
will  be  Bold  on  commlMion,  at  aellers  optiOD. 


xmm 


HUNT'S    MERCHANTS'    MAGAZINE, 

aKPRESENTINO   THE    INDUSTRIAL   AND  OOMMEBCIAL  INTERESTI    JF  THE  nNITED  STATES. 


VOL.  21. 


SATURDAY.  AUGUST  7,  1875. 


NO.  528. 


CONTEMT*. 


TBI  CHROmCIX 


SaMvSka 


I OD  Spade  Pmf- 


Tk*  Uammmt  Tnmttm  Ha* 

tatAbcod 

BwlaaM  Ptaatmdaa 

TiM  CHn*  of  un  aad  Ita 

FlMiriil»«t««wo>J«ly II* 


TlM  DabC  8IUMWBI  fttr  ialj, 

>l»j      K7S It7 

I  LMlmlUoattmrj tatOammtrnttMi 

1*1 !    lacii«bK«w> us 

1*1  I  Ooaaardal  ia4  HlMaikaaoa* 

It*      Mmm « MO 


MMT  Mark*.  0.  S.  SMWltiw, 
Mfw  SM^aaU  MtfkM, 

raLMpUaBk 


m  BANKERS'  OLUVm. 

MC. 


I  Qma/mOom  <rf  «seto»»4  Bo«d» 
MavTork  I  S«w  TMft  Loot  SwvltiM  . .   . 

IS    Buka,  lawUHat  m4  SUM.  C\tj  >i»l 

>.  NmIomI  I    Oatpanilaa  FUmumm 

T8«  OOMMBKClALi  TIIUB. 


ui 

1*4 


IM 


la 

141 


m\)t  €[)xon\t[t. 


TasCoififBaciALAiio  Km  i  rtn  > i,  Cbbowkti  ■  i§  tiiu§4  m 

dug  »ominff.  with  lAt  laUtt  i%^m  Bf  to  wUdniglU  »f  PUimg, 


laaOothOT*: 


.     (It 


rcsiu  or  •aBMaimoB-PATABiiB  m  adtamb. 
r«  om  tw  .„ 

Fkr  sis  Moatta. 

I  win  b«  f— ii«»»<  ■■UI  mimtk  navB*!  •»  •  avMn  (r^tr 

ikf  Oraruar  Po»ni«h  Ww  i|  OiBi. 
■  JTirtlnwiH. 

•n   patxLlMi  M  ■  tau  Mr  Ha*  tar  ■■* 
.^ •  — '  "Mr*  •/■flMnlvivwL  or  sarsi  !■■■■* lo^  ■ 

({3|^^fe.«l':^*»»f*J*»«»«fr»  !»"•!••■«•»' •l«P«r«»««««t    HMO"*! 


I  ■  MBM  POT  Ua^,  •Mk  iMarttoa. 


coin 
■••■daa 
•(  thaOnnmcu  t«  «  ■■^t  AafOa  rrUr*.  OM  Bi«a4 


Tht  LoaBoa 

■Wa  wtiitlfilm  «•  •■■•a  ■!  tfea  fMtovti^  caiM ; 


Ml  MalM*  r^MriMioa 
a.  riATB. 


A.    I      '    WILLIAM  B.  DASA  ft  OO.,  PsMiibOT^ 
'■•I  W  u4  il  WUllu*  MnM,  !(KW  TO 

ftvr  Omca  Box  4  SM. 


I    St. 


■^^  A-y  "y-*"*?-'*  '•n>l»>>'«t  •!  ••  emu ;  piMMc*  oa  Ik*  matm  1«  to 
•■•<^  TfltaMM  kaaaB  lar«atocrit>cr>  >t  tl  M, 

iri.^l.TTS^.*^J!?V'  '^  "*"     *•«>«»•••♦  of  ItiMT-.  M«aoaA»  n 
■  *«Ama,  IMB  lo  |»n,  tlxtj-ihrr.-  DlanaML 


Tk*  BHiaMi  BipilMiiH  nt  ih«  CtaMngu  !• 
Ia«OT««u  U  Km*  York  Ciir  br  Mr.  9nA.  W.  J< 


SEVITOJ  XHEEIIN  il>  XPE(  IE  PiUKNTJ. 
laBt  SBtordky  Mr.  John  Shemuui  gsTe  to  his  oon- 
MitoenU  in  Ohio  one  of  the  moBt  complete  and  ex- 
haoatire  Brgamenu  in  favor  of  ipccie  paymenu  which 
*•  ■*■*  '""tidiooB  BdTOOBtfM  of  s  foaod  onrrency  oonld 
•*■*'••  J''"*  of  ■••»  Mr.  ShcrmBB  explained  hin  riewi 
BB  to  what  a  aound  currency  itL  He  eeUbliahed  by  the 
ordinary  argtimenu  the  position  that  a  good  currency 
in  modern  timea  mnat  consist  of  two  parU,  one  of  which 
roojt  be  of  ••oln  and  the  otfu  r  of  paper,  redeemable  on 
demand  in  coin.  The  lominonjt  reawming  and  illnrtratioiid 
by  which  theee  qnaation*  were  Boalyxed  and  dincnaned 
we  are  compdled  to  omit  for  oUmt  topioa  more  novel 
■DdtiBdy. 


The  next  question  was,  ho  tr  f&r  our  currency  is  de- 
graded from  the  model  which  Mr.  Sherman  had  declared 
to  be  the  mo8t  perfect  and  the  moul  trustworthy  cur- 
rency. In  a  few  brief  touches  Mr.  Sherman  skctuhud  the 
history  of  our  paper  money  from  February,  1862,  when 
the  I.«gal  Tender  act  was  passed.  IIu  defended  that 
statut<>,  and  contended  that  the  evils  which  it  has  brought 
upon  the  country  should  be  charged  upon  subsequent 
statutes,  by  which  the  Leg^  Tender  law  was  made  more 
mischievous  than  it  could  otherwise  have  'become.  His 
whole  reasoning  on  this  subject  is  sumined'up  in  the 
following  passage,  which  contains  a  brief  and  condense*! 
fragment  of  history  well  worth  preserving : 

I  reoMabn  well  all  tba  flireamiuneas  eoBaaeted  with  the  first 
aod  all  ibe  aucnM^linK  iaaaea  of  Coiled  Slates  notaa,  sad  took  as 
•flrcilrw  a  pan  aa  anj  one  oUe  In  prorldinir  for  th^ir  iaaur.  It 
waa  la  Kabruary,  IMJ,  after  all  the  banks  had  aiupendrd  iipeoie 
paymeou,  wliro  i>ur  armip*  ttad  made  no  proitraaa,  our  re>vpnuea 
werr  rat  nir  by  the  war  and  our  nxp«Ddltarea  were  mnr*  than 
|1,OOO.UOO  a  day.  Tlirre  waa  then  lyinffon  the  tahlenfMr.  CUaae. 
SrcreUrr  of  liie  Treaaury,  rrqaianiuon  lor  nver  BSO.OOO.UUO  to  pay 
our  aoHlera  aod  lo  aupply  them  with  food,  amnionitlon  and 
trk'^aportatioD.  Uur  booos  eould  not  be  sold,  for  there  waa  no 
eurreory  to  pay  for  thrm.  We  bad  toiaaue  the  nokBaot  ibe  rToited 
Stat«a  In  the  form  of  carrencr,  and  yrt  aa  a  pan  of  the  pablic 
delA.  Tbxooly  q>ie«ilnn  waa  whether  they  ahould  be  a  Irgal  Kinder 
twtwreo  lodlriduala  in  the  payment  of  debta.  Upon  tbia  point  I 
bad  clear  cnnvictlooa.  I  felt  that  If  our  loldiera  wen  to  be  mm. 
pelled  to  take  tbeae  uolea  aa  money  that  we  were  bound,  li  we 
ooold,  to  rtqaire  ereryltndy  else  to  take  them  as  money.  We 
eoeld  DMleare  them  to  the  tender  mercies  of  rredltors,  aharerj 
•ad  BBpatrioCle  mm,  wb?  would  gladly  decry  and  repudiate  these 
•eua.  Wa  therefore  made  them  a  le^cal  tender,  and  the  Supreme 
OoBtt  baa  npbeld  oar  powar  to  do  ao.  But  we  took  every  pr>H;au- 
liea  te  preveat  their  dapredattoo.  Wa  carefully  limiie<l  the 
aaoant ;  we  made  them  reealrabte  for  all  internal  taxt«;  we  made 
tbem  a  le^al  lender  in  payment  for  all  debta,  aod  we  made  them 
eonvenlblx  into  booda.  the  ioteraat  of  which  waa  payable  in  gnid, 
asd  the  dotica  or  tai>«  oa  importad  sooda  were  made  payable  in 
g«ld.  ao  thai  we  would  hare  an  ample  fund  In  i^old  to  pay  the 
latereat.  After  all  tliix  we  limited  ibe  amount  bryond  wliich  we 
would  oerer  (ro  at  (4(IO,000/X)0.  8ach  waa  the  care  and  aoilcitude 
with  whicli  we  hedirrd  in  tba  irreenbarkii,  and  every  dollar  of  them 
waa  Irsaed  with  the  understandinK  and  deilsred  public  policy 
that  after  the  war  waa  orer  they  wuuld  b«  redeemrd  in  i^ola. 
Tbe  grMt  error  of  oar  financial  policy  waa  in  repeilin);.  Inrtead  of  0 
aifanemHaw.  durtng  ilie  war  the  right  of  each  liolder  at  hie  will 
lo  ennrert  hia  gremhacka  into  booda.  Thia  would  have  restored 
tliem,  aonn  after  tlie  war,  to  par  In  Kold.  The  coniwqurneea  of 
thia  error  ia  to  involve  uii  in  the  dicredit,  now  ten  reara  after  the 
war  la  orer,  of  fordnK  eveiytjody  to  takf  our  nolea  at  a  deprecia- 
tion of  foarteeo  per  cent,  while  the  United  Stalea,  with  ample 
meaoa,  refuae  to  redeem  tham  acoordiog  to  the  promise  printed 
on  their  face. 

In  thia  sUtoment  it  will  be  observed  that  Mr.  Sherman 
makes  no  mention  of  the  immense  issues  of  interest- 
liearing  legal  tender  notes  which  in  1865  and  1866  had 
such  a  powerful  influence  in  retarding  the  consolidation  * 
of  the  public  debt  ;  just  as  during  the  last  two  years  of 
the  war  they  had  exerted  a  powerful  influence  for  the 
depreciation  of  the  currency  and  the  raising  of  the  pre- 
mium on  gold.  If  Mr.  Sherman  had  given  those  interest- 
bearing  notes  a  place  in  his  narrative  he  would  have 
presented  a  complete  aoooont  of  the  main  facts  in  regard 


120 


THE   CHItONICaLE. 


[August  7,  1876. 


to  OUT  paper  money  legislation.  Those  facts  are  three  ; 
first,  we  made  our  irredeemable  paper  a  legal  tender  for 
all  debts  public  and  private.  This  was  done  under  the 
war  power  of  the  Constitution  which  the  Supreme  Court 
of  the  United  States  has  declared  to  be  an  adequate 
authority  for  that  purpose.  Secondly,  under  cover  of 
this  war  power  we  pushed  the  issues  of  irredeemable 
currency  too  far.  We  issued  a  larger  volume  of  this 
seductive  and  dangerous  paper  money  than  we  could 
keep  at  par.  And  to  crown  our  errors  we  proceeded 
near  the  close  of  the  war,  when  excessive  issues  of 
greenbacks  had  caused  enormous  depreciation,  to  in- 
crease that  evil  by  indefinite  issue?  of  five  per  cent 
legal  tenders;  and  while  thus  augmenting  the  burden 
to  be  borne  on  the  tottering  fabric  of  our  mone- 
tary system,  we  knocked  from  under  the  edifice 
one  of  its  chief  foundations  by  repealing  the  converti- 
bility clause  of  the  act  of  1862.  This  repeal  we  regard 
as  one  of  the  worst  and  most  flagrant  errors  of  Mr. 
Chase's  administration.  Mr.  Sherman  evidfently  thinks 
no  better  of  it.  He  very  traly  observes  that  this  con- 
vertibility, had  ii  been  allowed  to  continue  in  operation 
and  to  work  out  its  full  results,  would  have  restored  the 
greenbacks  to  par  in  gold.  Our  readers  will,  many  of 
them,  remember  what  it  was  that  led  Mr.  Chase  to  adopt 
his  disastrous  policy  on  this  subject.  He  thought  that, 
notwithstanding  the  war,  he  could  borrow  money  at  5 
per  cent  instead  of  6  per  cent.  Several  speculative 
persons  who  had  great  influence  at  Washington  endeav- 
ored, with  too  much  success,  to  foster  this  mistaken 
*  notion,  which  they  saw  would  conduce,  if  embodied  in  a 
law,  to  give  power  and  activity  to  perturbing  forces  that 
would  make  great  oscillations  in  gold,  in  stocks,  and  in 
other  sensitive  values.  Their  project  succeeded.  The 
requisite  legislation  was  obtained,  and  culminated  in  the 
most  violent  fluctuations  of  values  which  had  ever  been 
known  in  this  country. 

The  third  point  on  which  Mr.  Sherman  spoke  was  the 
remedy  which  it  behooves  us  to  try  with  a  view  to 
restore  our  currency  once  more  to  its  normal  condition. 
This  normal  condition,  as  was  shown  at  the  outset,  is  a 
state  of  specie  payments.  Among  the  reasons  that  he 
advanced  to  prove  that  our  currency  should  be,  as  soon 
as  possible,  brought  up  to  the  old  level  of  value,  there 
were  two  c>r  three  which  deserve  special  consideration. 
For  example,  he  argued  that  a  greenback  is  really  a  bond 
of  the  United  States,  payable  on  demand,  and  payable 
in  gold  at  the  rate  of  25-8  grains  of  standard  metal  lo 
the  dollar.  These  bonds,  which  we  call  greenbacks,  are 
as  really  an  overdue  claim  oa  the  Treasury  as  are  the 
called  5-20's  and  the  other  matured  bonds  of  the  United 
States.  These  greenbacks  must  be  paid  some  time  or 
other  in  gold  or  its  equivalent  if  the  debtor  is  able  to 
pay.  As  to  this  ability,  Mr.  Sherman  contended  that  it 
depended  upon  several  conditions  which  were  quite 
within  our  power. 

He  next  proceeded  to  discuss  the  objections  to  the 
policy  of  resumption.  First,  the  most  obvious  objec- 
tion 18  that  existing  debts  and  contracts,  based  upon 
depreciated  paper  money,  would  be  advanced  to  the 
gold  standard.  If  this  were  done  suddenly,  without 
notice  or  time  for  preparation,  it  would  be  wi-ong;  but 
if  reasonable  time  is  given  contracts  will  be  adjusted  to 
»  the  change.  With  a  view  to  meet  this  objection, 
the  law  of  January,  1875,  allowed  four  years  as 
the  interval  for  preparation  and  adjustment.  An- 
other objection  is  that  which  assumes  that  the  conr 
traction  of  the  currency  needful  for  a  return  to  specie 
payments,  would  make  money  scarce  and  add  to  the  in- 


dustrial distress.  This  Mr.  Sherman  denied.  He  pointed 
U}  the  example  of  France,  inhere  an  aggregate  currency 
of  paper  money  and  gold  is  maintained  as  large  or 
larger  than  ours.  His  argument  might  have  been 
strengthened  if  he  had  shown  the  large  amount  of  con- 
traction which  the  French  currency  has  suffered  during 
the  last  two  or  three  years.  This  contraction,  as  we 
recently  showed,  did  not  injure  business  or  disturb  the 
money  market;  for  monetary  ease  has  continued  unbroken 
in  France,  and  the  activity  of  the  French  internal  and 
external  trade  during  this  period  has  surpassed  all  prior 
experience.  Some  persons  have  ingeniously  conjectured 
that  gold  and  silver  coin  pass  current  among  the 
French  people,  and  have  supplied  the  place  of  paper 
money  which  has  been  withdrawn  and  cancelled.  We 
are  assured  that  this  is  not  so.  The  French  people  do 
not  use  coin  in  their  daily  business  to  the  extent  sup- 
posed, and  the  contraction  of  the  French  paper  money 
has  only  removed  the  excessive  issues  which  were  need- 
ful to  carry  out  the  enormous  financial  transactions  inci- 
dent to  the  payment  of  the  French  war  fine. 

Perhaps  the  most  instructive  part  of  Mr.  Sherman's 
speech  is  that  in  which  he  refuted  the  sophistry  of  those 
inflationists  who  contend  that  the  Jay  Cooke  panic 
was  brought  on  or  made  worse  by  contraction  of 
the  currency.  In  exposing  this  view  Mr.  Sherman  con- 
cludes as  follows:  "In  September,  1873,  when  the  panic 
commenced,  the  amount  of  United  States  notes  out- 
standing was  $356,000,000,  of  fractional  currency 
$45,000,000,  and  of  bank  circulation  $339,000,000,  in  all 
$740,000,000,  or  more  than  it  had  ever  been  before. 
The  panic  came  with  this  vast  sum  afloat,  and  Secretary 
Richardson,  without  authority  of  law,  issued  $26,000,000 
more  of  United  States  notes,  for  the  laudable  pufposo 
as  he  thought,  of  easing  the  money  market.  It  nearly 
all  went  into  banks,  and  there  remained  in  unbroken 
packages.  If  flooding  a  country  with  currency  would 
prevent  a  panic  or  stop  one,  here  we  had  the  trial.  But 
it  was  only  like  pouring  oil  on  a  fire.  It  is  demon- 
strable that  nearly  all  panics,  except  only  such  as  are 
traceable  to  war,  famine,  or  like  causes,  spring  from 
expanded  credits,  and  in  many  cases,  from  excessive 
paper  money.  Over  production  is  the  inevitable  result ; 
improvident  contracts,  unprofitable  enterprises,  and 
wiM  speculation  always  follow  expanded  credits, 
whether  by  corporations,  banks,  or  individuals.  Infla- 
tion, the  very  name  implies  buoyancy,  expansion,  gas, 
destruction;  and,  alas,  the  destruction  often  falls  on 
those  who  did  not  breed  the  storm.  Now  that  time 
has  given  us  a  full  view  of  the  expanded  credits  and 
improvident  enterprises  of  1873,  we  only  wonder  that 
the  wreck  was  not  more  overwhelming  and  enduring. 
Surely  prudent,  sensible  men  who  will  study  such 
financial  waves,  must  conclude  that  the  only  remedy  is 
to  reduce  credits  to  a  substantial  basis.  A  few  articles 
for  a  time  will  not  sell  because  there  is  no  demand  for 
them,  or  there  is  an  over  supply.  But  this  soon  passes 
away.  Industry  is  gradually  reviving,  and  now  is  the 
time  to  base  our  enterprises  upon  specie  paying  money, 
and  upon  thrift,  industry  and  economy." 

At  present,  as  in  1868,  great  interest  is  attached  at 
home  and  abroad  to  the  position  of  Ohio  on  the  question 
of  specie  payments,  and  this  able  and  suggestive  argu- 
ment in  favor  of.  a  sound  currency  well  deserves  to  be 
republished  in  a  separate  form.  In  it  Mr.  Sherman  has 
made  a  timely  and  valuable  addition  to  the  long  list  of 
previous  services  which  he  has  rendered  in  and  out  of 
Congress  to  the  work  of  restoring  a  solid  basis  to 
business  and  commerce  bv  a  reform  of  the  currency.    ' 


August  7.  1875] 


THE   CHBONICLR 


121 


THB  KOIETiir  TROIBLBS  lERR  IND  IBKOID. 

^'  >  find  it  hard  to  understand  why  the  late 

pa:  .      ,d  ha»  not  made  a  more  profound  impres- 

sion here.   The  chief  reasons  for  our  exemption  from  more 
trouble  are  to  be  sought  in  some  peculiarities  which  are 
well  worth  notice  in  the  modern  organization  of  the  money- 
market  here  and  in  Europe.     One  of  these  peculiarities 
is  that  capital  moves  in  hirger  masses  than  formerly. 
Adam  Smith's  fundamental  principle  of  the  "dirision 
of  labor"  has  been  carrievl  td  a  higher  perfection  in  our 
day  than  in  his.     In  England,  from  the  enormous  accu- 
mulation of  floating  capital,  this  principle  has  received 
more  extensive  and  diffused  developq^ent  than  anywhere 
tim  in  the  world.     Hence,  the  money  market  there  is 
extremely  sensitive.     The  oj ..rations  of  business,  as  the 
London  7^m(«  lately  showed  in  a  very  graphic  article,  are 
carried  on  by  two  wholly  distinct  classes  of  men.     One 
class  finds  the  capital  and  the  other  employs  it  and  makes 
it  fructify.  "In  modem  businisa,''iayB  our  contemporary, 
"  the  men  who  use  capital  for  the  ourying  forward  of  the 
major  operations  of  commerce  and  trade  are  not  the 
owners  of  that  capital.     Our  merchants,  manufacturers 
and  captains  of  industry  do  not  trade  on    their  own 
money.     The  active  men  on  'Change  have  little  capital. 
If  these  leaden  in  the  great  army  of  modem  industrj- 
were  condemned  to  use  no  fundi  bnt  their  own  for  one 
day  the  transactions  of  that  day  would  shrink  into  very 
amal!  dimensions  indeed."      We  lately  quoted  from  Mr- 
Bagehot's  "  Iy>mbard  Street"  a  remarkable  illustration 
of  the  effects  of  this  separation  of  capital  from  labor, — 
this  delicate  complexity  in  the  oTganiuttion  of  modem 
France  and  England.     He  showed  how  the  men  with 
large  means  are  gradually  rrowded  out  of  many  depart- 
menu  of  business  by  men  of  little  or  no  capital,  who 
can  pet  their  I/iIIk  di«count''d  at  the  bank  or  in  Lombard 
street,  and  can  in  this  way  < "ramand  abnoet  any  amount 
of  capital  at  a  quarter  of  the  aairaal  sum  which  they 
would  cipeet  to  gain  a*  extra  profit  on  the  nme  capital 
if    the    money   with   whieli    they  trade  was  all    their 
own. 

It  follows  from  this  prowing  complexity  of  the 
London  money  market,  which  only  exhibits  on  a 
great  scale  changes  similar  to  those  whieh  are  going  on 
here  and   throughout   t'  imerctal  world,  that   the 

danger  of  financial  pai;  icreaeed.     When  a  man 

usee  his  own  capital,  and  ow<>s  no  more  than  ho  can 
easily  pay,  no  financial  crii^ii.  however  sudden  or  severe, 
is  likely  to  hurt  him  very  mii'h.  Bnt  if  he  haa  to  go  to 
his  !•  if  he  depdids  on  his  diMM)unt« 

to-da_,       •.  which  nature  to-morrow  ;  if  he 

is  trading  chiefly  on  borrowed  eapital,  as  the  London 
Timti  says  the  great  amiy  of  Eogtish  commercial  men 
are  trading,  then  there  ik.  wo  lay,  a  great  danger  of 
panics.      Such     disaster*  'y    to    oecnr    more 

fre<]ucntly*  and  thfiir  results  are  likely  to  spread 
under  different  conditions  from  tlioae  of  former  years. 
As  the  theory  of  storms  has  been  somewhat  disturbed 
by  the  recent  tempest,  so  must  the  oommon  theory  of 
paaios  be  modified,  from  the  teadting  of  the  late  finan- 
eial  liisaatiiiu  in  Eoglaod  and  hen.  For  nearly  half  a 
eentnry  we  have  been  taught  to  expeot  a  financial  crima 
ilx^Mit  once  every  ten  yean.  Bat  thu  periodicity  in  no 
l"'ii;er,  it  seems,  to  be  relied  upon.  Tl»e  world  moves 
faster  iu  this  age  of  telegraphic  and  stc^m  oommuntca 
tion,  and  it  woald  seem  that  in  future  our  panics  may 
both    repeat   t1  '  ,,,,1    ^jn  Hprcad  more 

iMXively.     Til.  J    .iH   t.i    ^jK-iid    their 

force  more  swiftly.     If  then  we  are  anxious  not  to  allow 
the  late  flnaodat-eriai  in  England  to  pi 


compelling  it  to  yield  some  specific  information  that  may 
be  of  use  in  the  prevention  of  future  panics,  one  of  the 
lessons  it  teaches  us  is  the  growing  danger  of  modem 
business  in  which  men  rely  for  too  large  a  part  of  their 
capital  on  borrowed  money. 

Uere,  then,  we  have  some  of  the  elements  for  solving 
the  question  with  which  we  started.     If  the  financial 
troubles  in  England  have  produced  very  little  disturb- 
ance here,  there  will  not  be  much  ground  for  surprise 
when  it  b  proved  that  the  storm  came  from  local  causes, 
that  it  was  by  its  origin  of  a  purely  local  character,  and 
that  it  was  only  likely  to  bring  such  craft  to  grief  as 
were  involved  in  the  perilous  whirlpool  of  British  mei^ 
cantile   credits.     We  are  far  from  wishing  to   suggest 
that   on   the  list  of  our  bankers  and  merchants   there 
are  not   a  considerable    number  who    are    chargeable 
with     the     fault    of    being    over    extended,    and     of 
trading    too    much    on    borrowed    capital.       On    the 
contrary,  we    have    above   affirmed    that    this    is    so. 
For  many  months  the  Chronicle    has   been  declaring 
that    this      class     of     our    mercantile     men     is     too 
lar)!;e,  and  we    have    urged    upon   them  the   necessity 
of    caution,    of    contraction,    and    of     more     pmdent 
circimispection.     Tlio  point   upon   which   we   mean  to 
iunst  is  that  the  over-expansion  of  mercantile  credits  in 
this  country  does  not  seem  to  have  reached  so  enormous 
a  development    as    has    notoriously   been    attained    in 
England.     The   substantial   soundness  of  the  fabric  of 
our  mercantile  credits  was  proved  both  by  the  effects  of 
the  panic  of  1873  and  by  the  records  of   the   failures 
since  ttiat  event.     In  the  United  States  the  mercantile 
failures  are  shown  by  the  late  report  of  Messrs.  Dun, 
Barlow  A  Co.  to  have  amounted  to  a  much  smaller  som 
during  the   last  half  year   than  the  failures  of  Great 
Britain.     We  need  not,  however,  pursue  tliis  argument 
farther.     Enough  has  been  said  to  indicate  why  it  was 
that  the  late  English  failures  had  so  little  tendency  to 
disturb  either    the    money  markets  here  or  those  of 
France,  Germany  and  continental  Europe.  «' 


An  article  on  sul>sequent  pages  by  B.  F.  Nourse,  of 
Ikwton,  will  l>e  found  very  snggcstive,  and  we  trust  its 
length  will  not  prevent  any  from  giving  it  a  careful 
reading.  However  much  we  may  wish  it  were  different, 
there  can  be  no  doubt  of  the  fact,  that  as  yet  we  have 
failed  to  realize  the  anticipated  renewal  of  business 
actinty  and  enterjirise.  Labor  still  continues  only  in 
part  croployeil,  and  in  truth  each  succeeding  six  months 
finds  that  part  1.. .  ..ming  smaller  and  more  poorly  paid. 
Consequently,  w  s..  that  class,  because  it  can  get  no 
hire,  emigrating  back  to  Enrope  from  this  land  of  abun- 
dllwWWWere  the  demand  for  labor  should  be  infinite  and 
iu  hire  rich.  We  also  find  reported  everywhere  trade 
very  dull;  markets  glutted  by  an  excess  of  production 
beyond  home  consumption,  and  the  high  cost  of  pro- 
duction prohibiting  the  export  of  the  surplus.  In  a 
word,  the  prevailing  tendency  is  towards  stagnation, 
inertia,  torpor,  among  a  people  whose  nervous  energy, 
active  habits  and  daring  enterprise  are  equalled  nowhere 

else. 

This  increase  in  the  stocks  of  goods  is  accompanied 
also  by  production  restricted  in  all  departments.  In 
many  pUces  the  wheel  of  the  spindle,  the  quick  flight 
of  the  shuttle,  the  ponderous  blow  of  the  trip-hammer, 

„  „„^  .„ ,„    the   click    of    the    sewing    machine,   and    other    usual 

by  us  without '  sounds  of  happy  and  profiuble  industry  are  heard  ng 


122 


THE  CHRONICLR 


LAngust  7,  1875, 


more,  or  are  heard  only  at  intervals,  as  "  short  time" 
compels  joyless  holidays  ;  and  the  lights  of  the  fur- 
nace, the  kiln,  the  forge,  and  other  places  where  fire  and 
steam  are  men's  obedient  and  untiring  servants,  have  gone 
out.  Men  and  women  who  should  find,  in  the  care  and 
running  of  those  wealth-earning  works,  the  pay  where- 
with to  get  all  needful  things,  sit  wretchedly  at  home, 
or  roam  idly,  thinking  bad  thoughts,  brooding  over  the 
evil  for  which  they  see  no  cause. 

On  the  other  hand,  we  find  capital  also  in  large  part 
idle  and  its  active  part  very  poorly  paid.  Because  it  can 
get  no  proper  hire,  wo  see  it  even  returning  to  its  lenders 
in  Europe  from  the  land  where  much  more  capital  should 
be  brought  and  used,  with  great  profit  to  itself,  in  devel- 
oping the  wealth  that  lies  waiting  in  the  mines,  the 
forest,  the  field  and  the  shop.  Currency  is  everwhere 
abundant,  every  bank  in  the  land  being  full  of  it.  But 
finding  no  profitable  use  in  good  and  safe  works  it  is 
again  going  in  aid  of  stock  speculation,  bringing  young 
men  from  the  habits  of  industry  and  economy  to  the 
chances  of  a  corner  in  "  Wabash"  or  "  Pacific  Mail  "— 
of  a  palace  or  a  prison. 

These  are  the  plain  facts  which  make  up  the  present 
situation.  All  have  been  expecting  that  each  succeeding 
six  months  would  bring  relief  in  the  return  of  active  and 
profitable  trade,  but  the  good  we  desire  evades  us  con- 
stantly.    What  is  the  cause  ? 


THE  CRISES  OP  1837  AND  1873. 

(Communicated.) 

Among  the  many  thousands  of  men  of-  business^ 
mechanics,  manufacturers,  skilled  laborers,  farmers, 
merchants  and  others,  who  carry  on  or  direct  the 
immense  productive  industry  of  this  country  in  its 
many  forms,  and  its  trade,  banking  and  other  ex- 
changes, how  manylhave  had  in  their  own  experience 
any  practical  knowledge  of  the  necessity  of  a  sound, 
Kedeemable  currency  ? 

According  to  the  last  census,  of  all  the  white  men  of 
ages  21  to  69  years  inclusive — i.  e.,  old  enough  to 
vote,  yet  under  three  score  and  ten, — the  proportion 
of  those  of  21  to  34  years  inclusive  was  46  per  cent; 
of  35  to  54  years  41  per  cent,  and  55  to  69  years  13 
per  cent. 

The  man  who  is  now  34  years  old  was  only  21  years 
old  13  years  ago  when  the  war  caused  the  suspension  of 
specie  payments.  He  knows  so  much  of  the  uses  and 
advantages  of  a  redeemable  currency,  as  he  may  have 
learned  in  his  youth,  or  by  his  reading,  or  by  his  good 
sense  and  reason.  Nearly  one  half  of  all  the  men  who 
direct  and  performed  all  the  varied  business  transactions 
of  this  great  country,  have  just  that  knowledge  and  no 
more  of  the  reasons  why  our  currency  should  be  like  that 
of  the  commercial  world — "  good  as  gold."  The  man 
who  is  now  38  years  old,  was  of  21  years  when  the  sus- 
pension of  1857  occurred,  and  may  remember  the  cir- 
cumstances of  that  sharp  but  short  crisis,  the  resumption 
by  all  banks  in  the  following  spring  (1858),  and  the  three 
years  of  remarkable  prosperity  which  intervened  before 
the  war  began  in  1861.  Men  who  are  now  45  years  old 
and  more,  up  to.  55,  can  remember  more  or  less  of  the 
financial  and  business  history  of  the  country  during  the 
period  after  the  resumption  in  1842  down  to  1857^ — 
fifteen  years  of  State  bank  currency,  generally  well 
secured  and  redeemed — a  specie  paying  period,  marked 
by  recovery  from  the  great  prostration  and  distress  that 
followed  the  general  suspension  of  1837,  and  by  great 
increase  in  the  wealth  and    population  of  the  country. 


But  he  must  now  be  about  60  years  old,  who  was  engag- 
ed in  business  prior  to  1837,  and  has  personal  recollection 
of  that  eventful  time.  It  is  safe  to  say  that  no  one  who 
was  a  merchant,  banker,  manufacturer  or  manager  of  any 
considerable  business  in  1837,  can  now  be  found  who  is 
not  a  constant  and  decided  advocate  of  a  specie-redeema- 
ble currency.  Few  of  them  remain  in  the  active  business 
of  this  day,  and  fewer  still  are  now  heard  in  Congressional 
debates.  The  majority  of  the  active  managers  of  busi- 
ness to-day,  have  seen  the  inflating  and  delusive  eflFects 
of  an  irredeemable  paper  currency,  but  they  have  not 
seen  the  expiation  that  always  follows  such  false  pros- 
perity. They  have  heard  the  advocates  of  specie  pay- 
ments ridiculed  and  denounced  as  croaking  "  theorists," 
but  now  they  see  in  part  the  fruits  of  folly.  History 
carries  good  lessons  to  all  who  heed  them.  All  of  these 
extraordinary  crises  have  their  most  important  features 
in  common,  though  the  attending  circumstances,  preced- 
ing and  consequent,  vary  widely  in  one,  from  those  of 
every  other,  and  the  common  characteristics  differ 
greatly  in  degree. 

Let  us  recall  briefly  the  leading  events  and  incidents  of 
"  the  great  crisis  of  1837"  as  it  was  termed  for  many 
years  after.  But  first  notice  the  prominent  contrast 
between  that  period  and  the  present.  Then,  the  aggre- 
gate valuation  of  the  real  and  personal  estate  in  the 
United  States  and  Territories  was  only  about  one  eighth 
its  present  amount;  the  population  was  about  two-fifths 
its  present  number;  therefore  the  wealth  per  capita  in 
1873,  when  this  crisis  occurred,  was  three  and  one-fifth 
times  as  much  as  it  was  in  1837.  Then,  the  greater  part 
of  the  whole  number  of  commercial  debtors  eventually 
became  bankrupt,  though  comparatively  few .  of  them 
expected  that  result  during  the  first  year  of  suspension; 
now,  the  cases  of  actual  insolvency  among  merchants  and 
other  active  business  men  have  been  few,  and  to  their 
number  very  few  more  need  be  added  unless  the  meas- 
ures to  restore  business  activity  be  too  long  delayed,  and 
the  shrinking  of  values  and  non-employment  of  labor  and 
capital  be  continued  until  both  courage  and  resources 
shall  be  exhausted.  Then,  suspension  of  specie  payments 
was  coincident  with,  and  a  serious  part  of  the  crisis;  this 
time,  suspension  of  specie  payments  was  caused  by  the 
war,  was  precautionary,  deliberate,  and  not  because  the 
banks  were  unable  to  redeem  their  issues.  During  the 
war  extraordinary  conditions  grew  up  which,  being  con- 
tinued with  increased  force  after  the  war  ended,  made 
inevitable,  sooner  or  later,  a  crisis  such  as  we  had,  and  hid 
from  view  (at  least  the  popular  view)  the  irresistible 
progress  to  it.  These  are  the  great  points  of  contrast  or 
difference  between  the  crisis  of  1837  and  that  of  1873. 
Following  along  the  salient  features  of  each  period, 
especially  those  preceding  the  catastrophes,  we  shall 
see  the  points  of  resemblance,  and  the  reasons  why 
the  experience  in  one  case  carries  instruction  for  the 
other. 

Prior  to  1833  the  United  States  Bank  had  held  a  reBtraining 
control  over  the  other  banks  of  issue  in  the  whole  country,  pre- 
venting excessive  issues  of  notes.  An  act  of  Congress  to  renew 
the  charter  of  the  Bank,  passed  by  both  houses  in  1832,  was  vetoed 
by  President  Jackson.  In  1833,  by  order  of  the  same  President, 
the  public  deposits  were  removed  from  the  United  States  Bank  to 
certain  State  banks,  thus  inaugurating  what  was  called  the  "  Pet 
Bank  System,"  which  some  years  later  gave  plnce  to  the  "  Inde- 
pendent Treasury. "  The  charter  of  the  United  States  Bank  expired 
March  3,  1836,  and  could  not  be  renewed  on  account  of  the  deter- 
mined-resistance of  the  President.  At  the  time  of  the  veto  in 
1832  there  was  a  majority  la  favor  of  the  re-charter  in  Congress, 
and  probably  a  majority  of  the  people  favored  it;  but  both 
majorities  had  become  ia  accord  -with  the  President  before  1836. 
Losing  its  national  charter  the  Bank  obtained  a  State  charter  and 


Angnst  7,  lb75.] 


THE  CHRONICLE. 


123 


became  the  TJ.  S.  Baiik  of  PennsrlrmnU,  under  the   nuuuLgement 
of  lU  former  officers  geneikllj,  and,  obt&lning  by  porchaoe  the 
•aaeta  of  the  old  bulk,  etanjed  to  wield  the  power  and  perform 
the   functions  of    the   old   United   States   Bank,  bj  placing   its 
brancheii  in  all  the  principal  cities  and  doing  the  same  leading 
•Dd  controlling  boalDess  as  of  old.    Bat  it  was  no  longer   the 
flaeal  agent  of  the  goTsnunent ;  it  no  longer  held  the  public  funds 
M  a  basis  for  iu  loans;  it  bad  to  paj  off  the  goTernment  for  its 
■lock;  it  had  lost  iU  special  power  and  rapidly  lost  its  prestige 
and  its  old  popularity  as  well  as  the  confidence  of  the  people;  it 
became  deeply   inroWed  in  liabilities  and  obligations;  and  in 
daapeiata  efforts  to  recover   its   former  command  of  business  it 
made  loans  from  its  own  and  borrowed  funds  too  large  in  amount 
and  too  little  secured  for  iU  safety.     This,  however,  was  charac 
tarisUe  of  the  times.     The   deposit  banks,   or  many  of  them, 
•agar  to  get  profits   upon   use   of  the  pnblie  funds,  rapidly  and 
widely  extended    their  loans  beyond  tho   bounds  of    prudenca. 
The  example  became  infectious,  leading  the  policy  of  too  many 
other  banks  ererywhere;  and,  as  if  thst  was  not  enough,  new 
banks  by  scores  were  chartsnd  and  started  in  operation  in  all  the 
States  and  Territories,  a  few  of  them  with  cash  capital  wholly  or 
in  part  paid  up,  but  more  of  them  based  ob  mortgages  of  real  estate, 
or  worse,  upon  subscribers'  notes  uosecmred;  and  nearly  all  engaged 
most  indoatriously  In  forcing  their  sircniating  notes  into  use 
by  loans  and  by  ths  spaenlations  which  such  easily   borrowed 
money  enooaraged.    Thus  tempted,  all  tlsssrs  of  persons  went- 
more  or  less,  into  debt    Patient  iadoatty  for  small  and  regular 
gains  was  abandoned  forspaealatlon.    Prices  adTaooed  qniekly  and 
far,  until  our  export  trade  was  seriously  redaesd,  and  the  cost  of 
iTlng  was  doubled  by  the  rise   in  priMS,  was  doubled  again  by 
tha  eztraraganea  and  luxurr  thus  engsadsfed,  while  these  high 
prices  and  this  luxurioos  living  teipptsd  to  giaatly  enlarged  im- 
portations of  foreign  goods.     Beal  eatita  baeama  the  subject  of 
wild  specolation  and  extraordinary  rise  in  prices.     All  sorts  of 
laada  in  dty  and  country,  from  th»  pins  forests  of  Maine  to  the 
UT»oak  hammocks  of  the  Qulf  Coast,  aad  from  the  "  water  lots'' 
la  Jersey  City  and  Noddle's  lalaml  to  tha  cotton  lands  of  Taaoo 
and  the  prairies  of  Illinois,  were  «oldaad  rsaold  at  ever  advancing 
prices.     "  Money"  was  maaafactured  daUy,  itot  only  the  notes  of 
sound  banks,  but  the  "  Bfaadon  Bank"  Uad  in  the  South  and  the 
'■  Wild  Cat"  and  "  Bad  Dog"  in  the  West;  yet  rapidly  aad  reck, 
laasly  ss  currency  was  issued,  the  want  of  mora  increased  as  fast 
by  reason  of  the  advaaeiag  prices  and  the  maltipliclty  of  trans, 
actloas     This  ssamad  to  ba  prosperity.    Everybody  was  getting 
rich.     In  the  hyparbola  of  the  day,  the  sehoolboy  was  diasatlsfied 
who  missed  making  his  hondred  dollam  bafbre  or  aflar  school 
each  day.     Snddenly,  when  this  seead^  prosperity  was  at  its 
hlghsst,  early  in  1837,  there  cam*  a  paaasi     It  was  the  calm  that 
preeadas  the  hurricane.    A  few  mootha  later  the  wheels  of  busi- 
asas  ware  stopped.     The  greater  part  of   the  debtors  of  the 
whole  CDBBtiy  had  failed,  and  the  banks  had  all  suspended  specie 
payBMBta,  the  weak  aad  tha  strong  alike.    Everything  was  proa- 
tiate.    As  moat  nan  held  aaseu  wUeh.  a  few   months  before, 
were  worth  much  more  than  they  owed,  thay  did  not  at  first  see 
that  they  were  in  truth  bankrupt.    Indaad  the  few  men,  here  and 
thaie,  who  did  perceive  what  was,  aad  what  was  to  come,   and 
boldly  aad  iaatantly  mada  the  sacrifice  of  forced  Mies  of  property 
at  whatever  loss  was  ascsawry  to  clear  thatr  dabto,  eaoaped  the 
long  agony  of  stupor  which  followed,  aadlbaa  laid  the  foaada- 
tion  of  f tttore  great  fortaaaa.    But  tha  paepla  as  a  whols  expeetod 
sa  early  raeovary.    The  press  said "  tiada  will   revive  In  the 
■pdag,"  and  the  people  believed  It,  bat  la  the  spring  and  through 
Un  theie  waa  only  a  brief  rally  surosaded  by  lower  condition. 
Trade  did  aot  rarive;  it  feM  off  and  maaafaetaring  industry  Ian- 
(alahad  yat  mors.    This  ehaage  from  bad  to  worse  continued 
lata  IHB.    la  that  year,  by  common  ooaaeot,  the  banks  rssamed 
spsde  paymeal.     New  England   and  New  York   bad   far  more 
astoal  wealth,  aapedally  la  free  capital,  in  proportion  to  their 
ladebtadasas,  than  any  other  section  «(  the  eoontry.     Pennayl- 
vaaia  also  had  great  wealth,  but  wu  «?w-bome  by  debt,  Suie 
eofpcnte  and  private,  and  worst  of  all,  just  then,  by  that  fearfnl 
laeabas.  the   Coiled  States  Bank   of   Pennsylvania.       In   New 
England  aad  New  Tork   llqukUtloo  of  debt,  and  conversion  of 
asseU  into  active  capital,  had  ao  far  procasded  that  specie  paymeats 
ia  thoss  States,  rianmed  la  1839,  could  ba  and   were  thereafter 
■alatalned  down  to  the  crisis  of  1h.'>7.    But  m  all  the  rest  of  ths 
•oaatry  South  aad  West  of  New  V.rk,  the    banks  with  very  few 
sMaptloaa,  aflar  a  short  aad  faeble  effort  to  redeem  their  notes, 
■fUa  napanded,  aad  so  raaaalaed  until  the  meat  of  them   were 
doasd  ap  in  bankraptey,   aad  even  of  thoae   that  eventually 
raaoraiad  many  renalaad.oadar  saspeaatoB  uatU  )jgf^  when  the 


operation  of  the  National  Bankrupt  Law  of  1841   had  completed 
the  liquidation  so  slowly  moving  in  previous  years. 

In  1839,  when  the  second  suspension  by  the  banks  occurred,  it 
was  in  obedience  to  a  public  sentiment  ao  common  as  to  have  the 
force  of  compulsion  and  was  expressed  in  State  laws.  It  was 
said  and  believed  that  should  the  banks  press  the  payment  of 
debts  due  them  sufficiently  to  enable  them  to  redeem  their  circu- 
lating notes,  it  would  violently  carUraet  the  eurreitcy  by  that 
redemption;  it  would  disable  the  banks  to  afford  business  facili- 
ties and  accommodation  to  the  people;  and  it  would  cause  both 
great  depreciation  in  the  property  sold  to  pay  the  debts,  and  a 
great  fall  in  all  prices.  Whereas,  if  the  banks  should  not  be 
required  to  redeem  their  issues,  and  the  volume  of  currency 
should  not  be  reduced,  prosperity,  good  prices,  renew>«d  industry, 
good  wages,  good  profits  and  active  trade  would  soon  return,  and 
then  specie  payments  aould  be  resumed  without  injury  to  either 
banks  or  people.  Have  we  not  heard  the  same  arguments  made, 
in  the  last  year  (and  are  we  not  now  constantly  hearing  them)  in 
favor  of  continued  suspension  of  payments  by  the  Treasury  of 
the  United  States  and  by  the  banks  t 

The  experiment  was  then  tried.  The  States  enacted  "  Stay 
laws"  by  the  provisions  of  which  creditors  were  prevented  or 
retarded  in  collecting  debts  due  them.  But  waa  the  suffering  that 
ensued  then  wholly  or  chiefly  that  of  the  creditors?  Not  at  all. 
By  a  law  higher  than  Sute  legislatures  or  Congress  can  enact  there 
la  a  just  penalty  upon  a  people  committing  such  a  wrong.  The 
debtors'  property  depreciated  year  by  year  until  the  debtors  them- 
selves abandoaad  it  and  sought  escape  under  the  bankrupt  law. 
In  many  eases  tha  estates  which  In  1837  were  worth  several  times 
the  debts  for  which  they  were  liable,  had  so  depreciated  that  in 
1841  they  would  not  command  the  30  or  S-5  cents  on  the  dollar  for 
which  the  notea  of  the  banks,  holding  the  judgments  against  the 
property,  could  have  been  bought  up  and  the  debts  discharged. 
The  prices  of  products  of  American  industry,  except  as  tempora- 
rily affected  by  short  supply,  gradually  declined.  The  gmX 
amount  ot  loans  doe  to  the  banks  was  never  paid,  yet  those  who 
owed  them  became  poorer  year  by  year.  The  unredeemed 
drenlation  of  the  banks  which  was  to  carry  the  people  back  to 
prosperity  if  not  contracted  by  enforced  redemption,  was  In  great 
part  wholly  lost,  and  the  currency  contracted  to  the  entire  amount 
so  lost.  Yet  it  was  only  when  it  had  disappeared  and  a  sound 
currency  of  small  volume  had  taken  Its  place,  that  the  long  de 
layed  and  much  desired  bleasings  oi  prosperity  returned. 

During  this  period  high  wag(«  ceared;  the  ranks  of  labor  for 
Ufa  lost  much  of  their  former  employment,  yet  were  swelled  by 
thoasands  from  former  idlers  and  middlemen  ai^  speculators 
driven  by  poverty  to  labor  for  subsistence;  and  many  ahops  and 
factories  being  dosed  wholly  or  in  part,  the  great  body  of  those 
so  deprived  of  occupation  or  employment  sooght  a  living  by 
a^callaia.  Thus  the  products  of  the  farm  were  cheapened  to 
an  extreoie  opposite  to  the  high  prices  which  In  tho  "flush  times" 
prior  to  1837  had  so  prevailed,  that  importations  of  flour  were 
made  from  England  to  this  grain  growing  country.  Low  wages 
or  none  at  all  and  the  suspension  of  much  of  the  manufacturing 
IndoMry,  enforced  reduced  consumption,  privation  and  suffering 
amo^  tha  poorer  risssns  and  a  severe  economy  by  all.  Capital 
ceased  to  lad  safe  and  profitable  use,  and  it  became  cheap  also. 

These  remarks  upon  the  conditions  In  the  year  1830  to  1843 
apply  to  the  country  generally,  but  only  In  small  i)sgree  to  the 
States  that  resumed  specie  payments  In  1830  and  maintained 
them,  and  In  that  degree  chiefly  because  of  their  connection  with 
and  dependence  upon  the  rest  of  the  country.  Their  improve- 
ment began  in  18SB  and  was  eoBtinaons,  but  did  not  become  rapid 
aatil  after  1848  when  the  other  States,  having  the  solid  basis  of 
■psAsKTWork  from,  began  to  shara  that  Improvement,  and  then 
wealth  accumulated  rapidly.  I  have  said  there  is  a  law  higher 
than  any  that  Stales  or  Congress  can  enact.  It  Is  not  perceived 
until  the  storm  comes  which  Its  violation  has  provoked.  You 
then  see  It  in  the  gradual  loss  of  confidence  discoverable  in  the  in- 
creasing timidity  of  capital  and  coincident  depreciation  of  values. 
Disasters  and  loss  of  employment  enforce  a  smaller  consumption 
of  even  the  necessaries  of  life  upon  the  poor,  but  some  unconsci- 
ous Inner  thonght  or  Instinct  prompts  the  people  of  comfortable 
income  to  a  reduced  ezpeadlture.  The  great  crash  and  panic  go 
by,  but  a  sense  of  evil  yet  to  come  remains,  that  not  all  the  cheer- 
ful but  delusive  assurances  of  an  early  return  of  better  times  can 
dispel.  That  fear,  or  instinct,  or  whatever  it  may  be  that  bears 
upon  men,  has  its  ample  cause.  The  wrong  remains,  and  until  it 
be  displaced  by  right,  well  may  the  people  fear  what  is  In  the 
future.  It  was  so  In  the  period  which  has  been  described,  and  it 
iawMW,  though  perhaps  only  at  its  beginning. 


124 


ME   CmtONICLE. 


[August  7,  187ft. 


Before  making  tbe  comparison  between  that  period  and  the 
present  one,  I  will  mention  an  incident  of  the  former  which  carries 
a  practical  snggestion.  The  business  in  all  the  Southern  cities, 
except  New  Orleans,  and  there  in  part,  was  carried  on  by  the  use 
of  the  depreciated  bank  notes  and  "  change  bills,"  or  "shinplas- 
ters"  redeemable  in  tlioso  notes.  Tlie  depreciation  became  worse 
each  succeeding  year.  Goods  were  generally  sold  upon  four  or 
six  months'  credit,  and  notes  gtven  payable  in  Northern  cities  in 
specie  funds,  or  if  at  the  South,  with  current  rate  of  exchange  on 
New  York.  A  Southern  wholesale  merchant  bought  hia  goods  in 
New  York  and  Boston  in  the  Fall,  when  New  York  funds  at  his 
home  were  worth  say  34  per  cent  premium,  and  sold  the  goods  dur- 
ing the  Winter.  When  his  note  became  due  in  the  Spring  the  rate 
of  exchange  had  advanced  to  80  or  32  per  cent.  In  this  advance 
a  great  part  of  his  profit  was  gone.  This  loss  was  too  severe  to 
be  endured  and  growing  worse  every  year.  The  merchants  in 
one  of  those  cities  determined  to  stop  it  by  adopting  for  their 
city  a  specie  basis,  if  that  were  possible.  No  currency  was 
visible  other  than  the  irredeemable  notes  of  their  own  and  the 
adjacent  States — no  specie  except  that  in  the  custom-house.  An 
earnest  discussion  was  had.  The  opponents  of  the  proposed 
change  argued  plausibly  that  it  would  drive  trade  away  to  other 
markets,  or  that  the  absence  of  specie  currency  would  render  it 
impracticable;  that  if  specie  should  be  brought  there  to  begin 
with,  it  would  quickly  be  gathered  up  and  sent  North.  These 
were  met  by  some  who  had  studied  the  works  of  Adim  Smith, 
Bicardo  and  other  writers  on  political  economy.  The  arguments 
of  the  latter  carried  the  majority,  and  decision  was  made  to  try 
the  experiment  in  this  manner — not  to  refuse  the  depreciated 
notes,  but  to  put  specie  prices  on  all  their  goods,  and  take  the 
notes  at  their  current  rate  of  discount.  What  was  the  result  ? 
Before  the  second  month  had  expired  there  was  an  ample  supply 
of  gold,  of  silver  change,  and  of  redeemable  bank  notes  for  all  the 
trade  of  the  city,  and  that  trade  was  materially  increased  by  the 
report,  which  quickly  spread  through  the  surrounding  country, 
of  the  cheaper  prices  there  than  could  be  found  in  any  other 
market  in  that  vicinity.  Moreover,  the  notes  of  suspended 
banks  wholly  disappeared.  The  merchants  had  given  a  proper 
/alue  to  gold  and  it  came  to  them,  as  air  rushes  to  fill  a  vacuum, 
and  they  had  demonetized  the  bank  notes,  which  then  went 
where  they  would  still  find  value  as  "money."  That  city  lost  no 
more  of  the  depreciation  which  afterwards  came  on  the  notes. 

What  worked  so  well  in  that  case,  in  a  small  and  isolated  city, 
would  work  equally  well  on  any  other  scale,  however  large,  even 
for  our  whole  country.  Give  gold  its  true  value  here,  treat  it  as 
money,  and  then  it  would  come  iu  exchange  for  our  commodities 
in  ample  supply.  But  you  cannot.  Why  ?  Because  a  statute 
law  forbids  the  operation  of  the  law  of  political  economy.  Be- 
cause the  Act  of  Congress  says  that  printed  pieces  of  paper  shall 
be  your  lawful  money,  and  gold  will  not  associate  on  terms  of 
equality  with  anything  so  much  beneath  itself  as  ia  an  irredeem- 
able piece  of  paper,  though  bearing  the  seal  of  sovereignty  of  all 
the  powers  of  the  earth.  If  Congress  will  make  those  pieces  of 
paper  redeemable  promises,  then  gold  will  recognize  in  them  its 
equal,  and  for  convenience  its  superior. 

Let  lis  now  take  a  similar  brief  look  at  this  crms. 

The  leading  events  and  circumstances  of  the  last  twelve  years 
are  known  to  all  of  us,  yet  it  is  necessary  to  recall  them,  somewhat 
in  their  order  of  occurence  or  sequence.  During  the  war  private 
debt,  except  for  long  time  and  upon  mortgage  security,  was  in 
great  part  liquidated,  and  the  cash  system  took  the  place  in  trade 
of  the  previous  credit  system.  The  occurrence  of  war  itself  sus- 
pended much  business  and  many  industries  for  a  time,  releasing 
a  large  amount  of  free  capital  from  its  previous  uses,  and  making 
money  plenty  and  cheap  for  lack  of  employment.  It  also  de- 
stroyed the  employment  of  many  laborers.  This  would  have 
been  a  condition  of  stagnation,  such  as  existed  after  the  crisis  iu 
1837,  and  such  as  now  exists  in  a  small  degree,  had  not  the  war 
another  and  Immediate  effect.  It  called  into  the  army  and  navy 
a  great  number  of  the  unemployed  men,  or  other  men  whose 
places  as  workers  had  to  be  filled,  and  it  called  for  loans  to  the 
public  treasury  of  all  the  idle  money.  This  money,  as  fast  as 
received,  was  again  disbursed  among  the  people  for  expenses  of 
the  war.  It  soon  called  into  activity  a  great  variety  and  amount 
of  industrial  labor  for  war  purposes.  As'Soon  as  the  magnitude 
and  .probable  duration  of  the  war  came  to  be  recognized,  and  the 
demand  that  would  be  made  upon  the  financial  strength  and 
resources  of  the  government;  and  especially  when  Congress 
deemed  it  necessary  to  make  a  forced  loan  of  the  people  by  the 
issue  of  legal  tender  notea,  every  responsible  debtor  preferred  . 
cash  payment  to  holding  the  graduaUy  depreciating  currency.  ' 


Thus  by  the  brief  period  of  stagnation  preceding  active  war,  and  by 
the  natural  effect  of  the  currency  laws,  private  debt  for  ordinary 
business  was  virtually  abolished.  The  enormous  cost  of  the 
war  was  paid  by  loans  from  the  people  In  continuous  succession. 
The  money  once  borrowed  was  disbursed,  again  borrowed  and 
again  disbursed,  and  this  round  repeated  to  the  end  of  the  war. 
Then  a  war  debt  remained  of  about  |3,000,000,000.  It  will  be 
evident  to  some  thoughtful  men  that  a  volume  of  currency  which 
was  sufficient  for  all  the  business  of  the  loyal  States,  and  much 
business  which  had  been  done  by  its  agency  in  the  seceding  States, 
when  all,  in  its  multiplied  forms,  was  in  the  highest  activity 
before  the  war,  and  was  in  such  excess  of  the  use  for  it  when  the 
war  had  begun,  would  have  been  amply  sufficient  for  the  conduct 
of  all  the  business  during  the  war,  including  the  extraordinary 
transactions  of  the  government  in  its  prosecution,  if  the  currency 
could  have  been  protected  from  depreciation.  This  ia  made  clear 
when  we  remember  that  even  the  capital  borrowed  by  the  gov- 
ernment was  returning  to  its  lenders  as  fast  as  borrowed,  and  that 
in  18G0-1,  specie  flowed  freely  to  this  country  for  the  balances 
due  us  from  abroad,  after  we  had  paid  all  our  debts  due  abroad 
and  had  paid  for  all  the  securities  which  the  approach  of  our  war 
had  caused  foreign  holders  to  send  home  for  sale.  The  further 
fact  should  be  noted  that  though  we  were  producing  gold  at  a 
rapid  rate  yearly,  our  exports  of  gold  did  not  become  large  in 
amount  until  by  the  depreciation  of  our  currency,  and  consequent 
Inflation  of  prices,  excessive  importations  of  foreign  goods  were 
Invited — and  further  that  our  stock  of  gold  which  we  held  in 
1860-1  did  not  leave  the  country  until  time  enough  had  elapsed 
after  the  close  of  the  war  to  show  that  there  was  no  purpose  of 
early  return  to  specie  payments. 

But,  whether  possible  or  not  to  have  carried  through  the  war 
without  any  serious  inflation  of  the  currency,  and  the  consequent 
and  inevitable  depreciation,  the  experiment  was  not  tried.  The 
leagal  tender  currency  was  created,  followed,  near  the  close  of 
the  war,  by  the  national  bank  currency.  The  legal  tender  notes, 
the  7 '30  notes,  and  the  compound  interest  notes  (all  legal  tenders) 
were  issued  as  the  increasing  exigencies  of  the  war  and  the 
strain  upon  the  government  credit  demanded  them,  and  the  war 
was  carried  through  successfully,  in  spite  of  them,  or  by  means  of 
them,  as  men  may  severally  think.  At  the  end  of  the  war  there  was 
very  little  of  private  or  commercial  debt.  The  great  national  debt 
was  held  by  the  banks  and  by  the  people.  The  effect  of  success 
was  to  cause  a  rapid  advance  in  our  national  securities  in  the  esti- 
mation of  foreign  capitalists,  and  at  the  advanced  but  still  low 
values,  compared  with  present  prices,  they  were  transferred  to 
Europe  in  large  amounts.  The  loanable  capital  of  the  national 
banks,  thus  set  free,  was  at  once  invested  in  private  loans  and 
discounts,  and  that  line,  which,  in  1865  was  so  small,  went  on 
increasing  year  after  year  until  1873,  when  its  further  expansion 
was  stopped  by  the  great  panic.  (In  December,  1865,  only 
$498,843,447,  it  rose  to  $940,233,304  in  September,  1873.)  Private 
debts  increased  even  faster  outside  the  national  banks,  in  every 
variety  of  form  and  among  all  classes  of  people  for  purpoaea  of 
speculation. 

By  the  rise  of  prices  and  greater  margins  of  profits  in  all 
branches  of  business  during  the  war,  great  prosperity  or  what 
seemed  to  be  such,  prevailed  everywhere  in  the  loyal  States. 
Great  fortunes  had  been  made,  and  all  but  a  few  unfortunate 
annuitants  whose  income  did  not  rise  with  the  cost  of  living, 
had  seemed  to  gain  in  wealth.  If  in  18G5  an  account  had  been 
taken  of  the  enormous  waste  of  material  wealth — not  counting 
that  of  human  life,  by  the  war — and  a  true  balance  had  been 
struck  between  the  wealth  added  and  that  lost  or  destroyed  since 
1861,  valued  according  to  the  scale  of  1861,  and  all  had  been 
marked  down  to  the  values  of  that  year,  on  which  side,  loss  or 
gain,  would  the  balance  have  stood  1  No  such  computation  was 
made.  It  was  taken  for  granted  that  the  apparent  gain  was  real, 
and  to  some  extent  it  was  undoubtedly  a  gain  iu  the  possessions 
of  the  people,  if  the  public-debt  then  held  by  the  people  could 
properly  be  called  tho  people's  wealth.  They  had  loaned  it  to  the 
nation,  yet  what  the  nation  owed,  the  people  owed.  If  then  it  had 
been  wiped  out,  swept  away  with  one  stroke  of  a  pen,  the  people, 
as  a  nation,  would  have  been  neither  richer  nor  poorer,  save  in 
the  effects  of  doing  such  a  wrong.  That  debt,  constituting  tlie 
wealth  of  individuals,  but  not  wealth  to  the  nation,  was  in 
the  nature  of  a  mortgage  upon  the  aggregate  property  of  the 
whole  people,  and  as  auch  must  be  paid.  Its  transfer  to  Euro- 
pean capitalists  since  that  date,  whether  for  railroad  iron  or  silks, 
whether  for  reproductive  power  or  luxuries  that  have  perished, 
does  not  change  its  status.  No  clear  and  true  view  of  the  situa- 
tion to-day  can  be  taken  that  does  not  first  examine  the  true 


Auguat  7,  1875.] 


THE   CmiONICLE. 


125 


■itution  aa  it  waa  at  the  end  of  war,  when  we  started  upon  the 

wonderful  career  which  ended  in  1873;  and  unless  we  remember 

that  a  great  part  of  the  apparent  gain  during  the  war   was  only 

in  the  higher  prioeo.     We  had  "  marked  up  our  stock  of  goods" 

without  materially  Inereaaing  their  quantity.     In  one  respect, 

howerer,  a  great  gain  had  been  made.    The  yar  had  quickened 

lato  fullest  life  and  aetivitj  all  our  productive  forces,  and  thrown 

new  energy  into  erery  department  of  baaineas,  under  the  spur  of 

patriotism  and  under  the  stimulua  of  great   profits.     It   was  an 

abnormal  condition  and  dangerous,  yet  pleasing  to  the  people, 

who  despised  words  of  warning  as  the  croakings  of  timid  or 

obstractire  men,  and  preferred  the  delnsiTe  assurance  that  all 

was  going  safely  and  prosperously  by  the  use  of  "  the  beat  cur. 

rency  the  world  erer  saw."     WLen  the  war  ended  not  one  of  the 

statenMa,  and  few  of  the  politicians  of  the  country,  openly  took 

graand  against  the  promised  and  expeatad  return  to  specie  pay- 

BMDts  as  soon  as   the  demand   debt  of  the   Treasury   could   be 

retired.    The  few  politicians  who  dared  hint  at   repudiation  in 

any  form  were  rebnksd  by  the  popular  Tolee.     All  can   now   see 

that  the  time  to  restore  a  soand  eoirency  was  when  the  war 

dosed,  when  the  people  expected  it,  when  the  banks  expected  It 

and  held  their  specie  raserres  (or  it,  aid  wheo  there  was  no  great 

"  debtor  interest"  to  sailer  by   it.     Tkat  opportunity  was  lost 

beeaoae  Oongivas  did  Bot  Neogniie  it  and  knew  not  the  conse- 

qoeaea  of  lodng  it    BsMaa  the  kgal  tender  notes,  a  large 

MDOOBt  of  7*80  and  eompomd  Intersil  notes  had  to  be  paid  off  or 

t«adsd.    WUl*  that  was  la  progress  H  beeaoM  popnlar,  in  and 

out  of  CoagreM,  to  diaoowse  of  the  bsasfiu  of  the  IrredswnsMs 

eoReaoy  which  "eoold  sot  be  drained  away  by  esport,"  and  oi 

Ik*  "aapaiallaled  prosperity"  which  It  promolsd,     IVa  policy  of 

eoottaetlng  the  rolome  of  "  greenbacks,"  inaagnnUad  under  Mr. 

HeCulloch's  a<lmtni«tratlon  of  tb>'  Treasury,  became  odious,  and 

when  contraction  had  beett  Indjicrnetly  poshed  In  the  fall  of  1867 

lasMdlately  IbUowing  tha  withdrawal  of  soMB  300  atiUions  of 

other  Treasury  ttoAea,  Onogress,  on   Fsbroary  7,  1806.  forbade  its 

proeesdisg  fuithar.     la  March,  HU9,  on  the  awisssinn  of  a  a«w 

■dmiiiistratUia,  Coagiaai  raaewed  tha  ^Miga  of  aarUast  praetlc*- 

ble    retnra   to   spssU   eoreaey,  aad  Iha  Praaidaat   approTsd 

It.      Tet    from    that    day    in    1808,   «Im«    Cuiigiass    forbad* 

aay  ttaikvt  eoatraetkon   of    the  M(tf  taadvs,  dowa  to  th* 

praaaal  yaar,  OM^naa  has  Uken  aot  oa*   step  towarda   th* 

fuinaiaat   of  th*  pobU*  pledge,   b«t,  oa  Ik*  eoalrary,  It  ha* 

rated  down  or  burisd  la  eoounittev  erary  propoaitloa  to  that  end 

■ad*  by  the  law  «araaai  mm  who  (otaaaw  ik*  eoatf  ag  arlL     No 

oibair  pewar  bat  Omgrsas  could  act  la  O*  laatiar,  aad  Coagrsas 

refoaiag  it.  the  eouotry  was  left  \n  drift  lata  the  stona.    Whoa 

la  1808  tiM  probability  that  the  iriadasaubia  earrsaey  syaUas 

waald  ba  eoaliaasd  iadeaaitely  or  uatU  latOTruptad  by  dIaMtar, 

bacaat*  esrtalaty,  tli*  apoealatire  and  oyaaalw  fotcaa  wU«h  bad 

growa   np   durtag   tli*  war,  and   hai  aiae*  aoqulrod  giiialsi 

simigth,  foaadaaawiatpalseand  wi««aaIo*garh*ld  la  ebseb  by 

that  dreaded  word,  eoatnetioa.    Old  Saaa  of  laToalaaal  was* 

posbad  further  and  a*w  tmm  enatad,  ebMy  In  th*  eoaatraetlM 

aad  poicbasa  of  railroads,  aad  dealiaga  la  their  stocks  aad  boads. 

Th*  fire*  or  loaaabi*  capital  of  ih«  eoaatry  booHD*  locked  up^ 

Am  bstbi*  ilalad  prtvat*  aad  corporate  debt  ln«i«a*ed  to  a  raat 

aaoaal.    Th*  seal*  of  prtsss,  eapaelal^  of  arerythlng  raqulrad 

tot  ordlaaiy  aabaialaaa*  aad  eoaaumpltaa  of  tb*  people,   was  in 

UsaTsn^s  Awabov*tlMl0T*I  lndi«lii  bf  th*  gold  ptanloa, 

aad  tb«eaatof  oar  aaaalMMtres  sohlgitato  forbU  thair  ax- 

poHabiaad.    BpsaalsHaa aad  spsnnlltaiflasa  ralad  th*  day. 

Thaoarraaey.  twto*  m  laig*  la aiO  ■  aeaM  bs  aal»ly  asad  la 

a  pradaal  aad  prnfilabia  ssMduet  of  aH  Ik*  laal  haslasss  of  th* 
eaaatrjr,  baoao*  aaara*  aad  aMch  of  k  had  ilsaypund.  ao  ad* 
kaaw  whatai  la  Ik*  mmm»t  of  t»78  ikM*  oaoM  a  paMa  sgala 
th*  ealai  bafor*  tk*  barrloBa*.  M<<a  of  Ufys  eapiial  aad  aMa  of 
SBiali  was  as,  a*  wall  as  omu  poasearfag  oaly  credit,  lonnd  tkey 
had  orar-iaTsstad.  As  from  a  eoaiaMa  isillag  th*y  triad  to  sell, 
bat  othsra  woald  aot  bay.  Oartaia  gHM  haatlai  haatss  la  New 
Torik  that  had  basa  awrylag  gigaati*  nUiaad  aad  othar  sshiawi. 
with  iMNMy  bdoaglag  to  their  dapofllHi,  batflg  sailed  tor  daparfto 
aad  uaabla  to  pay  beoaaaa  th*y  eonU  Ml  saavait  thalr  saeatMa*. 
wero  obliged  to  laU.  Th*  alarm  bad  asaa,  aad  la  a  f aw  w*aha 
the  whadi  al  hadniai  wsro  slopped.  Ik*  baaka  being  alnwdy 
aader  aaspaaaloa  of  paymaat  It  was  sapyasid  they  could  go  no 
'artksr  dowa;  but  th*y  wero  unabl*  to  pay  depoaitors  erea  in 
iaptaelalad  sorraaay,  aad  laiprorlsed  a  a*w  method  of  p«ym«at  by 
(X«arlag-hoa*s  estUBeataa.  Paralyiiishadoome.  Yet  th  I*  was  only 
aetmaaey  p«aieaadltaooapaas»lby.  laafewmonths  busln«as 
was  pwsniag  iu  usual  soars*,  btit  at  lowar  prieea  and  with  great 
aad  loaaabla  oafMal  had  b«eoaa  more  abnadaBl 


for  many  years  and  (or  the  right  sort  of  securities  could  be  hired 
at  borrowers'  rates.  It  was  then  hopefully  said,  business  will 
resume  its  usual  course  in  the  spring.  But  iu  the  spring  it  was 
found  that  the  shops,  (umaoes,  (actories  and  other  industrial  works 
which  had  been  stopped  by  the  panic  did  not  start  up  again;  that 
many  more  had  been  added  to  the  large  list  o(  unemployed  labor 
era,  and  then  it  was  said,  everything  will  revive  again  in  the  (all. 
The  fall  came,  but  with  it  no  revival,  on  the  contrary,  more  sua. 
pended  works,  more  (ailed  merchants,  greatly  reduced  profits,  or 
none  at  all,  more  idle  who  would  bo  workers,  and  more  hungry 
who  would  not  lack  bread  if  they  could  get  work.  Then  again, 
the  spring  was  looked  forward  to  with  hope  and  expectation,  but 
now  it  has  also  passed,  leaving  us  with  hope  unrealized,  siill 
looking  into  the  future.  In  many  departments  o(  trade  the  dul- 
nesa  o(  movement  is  almost  stagnation.  Yet  there  is  no  lack  of 
either  capital  or  currency.  Capital  is  seeking  hire  at  very  low 
rates  in  all  utf*  places,  while  the  banks  are  burthened  with 
currency. 

What  is  the  meaning  of  thai*  strange  and  seemingly  inoonsist 
ent  conditions,  which  wera  ncpeeted  by  but  few  men  and  by  the 
Biost  of  members  of  Congress  even  last  winter  would  have  been 
deemed  impossible?  It  is  said  that  production — meaning  the 
prodncUon  of  the  iron  and  ooal  minea,  the  forest,  the  factories, 
fouadries  and  workshops — has  beooma  excessive,  and  is  now 
beyond  the  demand  for  consumptioa.  Yet  production  in  nearly 
all  depsrtmenta  of  mechanioal  industry  is  reduced,  and  is  much 
less  now  than  it  was  two  yean  ago  when  there  was  no  excess 
apparent.  Rxossa  arises  than  ooly  from  redueed  consumption, 
aot  at  all  from  laerease  of  produetioo.  The  inquiry  suggested  is, 
what  haa  ao  suddenly  aad  ao  severely  reduced  the  consuming 
ability  of  our  ppople?  The  paoie stopped  work  on  many  large  under- 
takings, flrat  on  long  lines  of  railroads  in  construction  or  reoon- 
stmction,  then  on  the  rolling  mills,  machin*  shops,  foundries  and 
other  works,  and  then  and  suoeasively  since,  other  industries,  the 
Ul*r  ones  causad  by  the  eiirlier  through  loss  of  their  employ- 
OMat  or  <i— Itwii  The  stopping  of  work  on  railroad  building 
dlsrharg*d  ataoy  thooaand  laborers,  and  each  aucceeding  suspen- 
sion has  added  to  th*  great  army  of  the  unemployed.  These 
thnnsaails  wen  forced  to  reduce  expenditure  in  every  way  possi- 
bl*  and  so  their  enforced  eeonomy  cut  down  the  employment  of 
7*1  othar  tbwwnds,  and  the  reduetion  Is  yet  progressing.  Abun  ■ 
daat  harraalB  throughout  the  world  have  given  cheap  bread,  yet 
aatay  thousand  families  will  ba  naarer  to  hunger  than  for  many 
years,  for  lack  of  employoiaat,  aad  the  circle  of  enforced  idleneas- 
diaaliility  and  poverty,  wldaaa  daily.  From  the  works  yet  run> 
alag  w*  hear  too  often  that  pniflts  diminish  ffiom  month  to 
month,  or  have  wholly  diaappsared.  Tbu  hope  of  "  better  times 
sooa"  so  cheerfully  held  by  all  a  year  ago,  and  by  fewer,  yet 
maay,  six  months  ago,  is  gradually  fading  away  as  the  "hope 
dafanad."  Capital  Is  ever  timid,  always  asaking  security  first 
aad  ptoSt  as  U*  second  point,  except  where  loag  immunity  from 
ioas,  aad  tha  habit  of  getting  sxeaasive  latarest,  aa  during  the 
Sva  yaara  prior  to  tha  atidsuaunar  of  1873,  had  made  caution  to  b* 
forgoltaa;  but  now  heeding  theoM  maxim  that  "  aacnrity  falls  aa 
Intarsat  rises,"  It  is  thoroi|ghly  scaiad  by  tha  panic  and  it* 
revelations,  and  seeks  safely.  No  temptation  of  exces- 
sIt*  iaiarest  can  soon  again  lura  it  Into  great  risks. 
The  extrwn*  of  over-prudence  now  prevails,  and  the  seven 
par  cent  of  th*  young  manufacturer  or  machinist  who  nasda 
IH.OOO  to  add  to  th*  $60,000  which  he  owns,  for  the  complotiaa 
of  hla  works,  la  rofnsad,  whila  th*  thrs*  psr  cent  of  the  borrower 
on  gOTorunsat  bonds  Is  glsdly  accepiad.  On  the  other  hand,  the 
young  machinist  who  has  tha  $00,000,  having  looked  over  the 
bitlt^Mj^daad  its  prospects,  has  concluded  that  to  make  debt 
to  enlarg*  his  works  now  would  endanger  the  loss  of  what  he  has 
and  he  daeidsa  not  to  borrow  if  he  could.  Look  over  the  price 
list  of  railroad  and  other  corporation  bonds  and  see  how  many 
that  aro  regularly  paying  seven  or  eight  per  cent  yearly,  and  have 
never  defaulted,  are  offered  ^or  sale  at  65  to  7S  per  cent,  equal 
to  an  Investment  of  ten  to  twelve  per  cent  yearly,  while  the  market 
rate  (or  loans  on  the  preferred  aeourities  is  one  and  a  half  to  two 
per  canL 

Otnfldaaea  has  been  terribly  shaken.  The  feeling  of  today  in 
,asp0Ct  of  th*  present  and  the  future  is  in  violent  sontrast  with 
tb*  faeling  eighteen  montlis  ago.  The  change  in  feeling  is  far 
graatar  »'«»"  even  the  change  in  apparent  facts,  great  as  that  is. 
Than  must  be  some  sufficient  cause  for  all  this,  and  tAat  eauu  if 
tJi»  deprMtaUd  and  iirtd&emiM*  eharaeter  of  our  etitrtney.  Until 
that  canae  be  lemoved  and  a  sound  true  money  currency  be  put  In 
It*  plaee,  or  a  law  be  enacted  the  sure  effect  of  which  will  be  to 
■•CUN  that  rsault,  there  can  be  no  restoration  of  confidence,  that 


126 


THE   CHRONICLR 


[August  7,  1875 


most  essential  element  of  business  prosperity,  nor  any  permanently 
sustained  improvement.  A  perception  of  this  great  truth  is  tak- 
injf  hold  of  men's  minds  everywhere,  however  unconscious  they 
may  be  of  the  fact.  And  if  we  cannot  advance  out  of  this  stag- 
nating and  profitless  condition  we  must  retrograde  still  further. 
The  charm  of  delusion  is  broken.  Falsehood,  not  wilful  or  ill- 
designed,  as  some  are  too  ready  to  charge,  but  the  outgrowth  of 
successive  errors  and  peculiar  circumstances,  has  lost  its  power, 
and  on  this  great  question  inexorable  truth  and  righteousness  will 
eventually  rule.  It  may  be  soon,  and  if  so,  well ;  but  it  may  be 
through  great  suffering  yet  to  be  endured. 

Those  who  called  for  more  currency,  when  they  saw  the  destruc- 
tive rates  of  interest  obtained  for  the  loan  of  money,  must  have  dis. 
covered  during  the  last  few  months  that  it  was  the  excessive  and 
bad  use  of  the  loanable  capital  of  the  country  which  made  money 
so  scarce  and  dear,  and  so  inaccessible  to  those  needing  it  for 
legitimate  business.  They  must  now  see  that  to  have  added 
more  currency  was  to  add  more  propelling  force  in  that  vicious 
direction  without  affording  any  relief  to  the  productive  and  com- 
mercial interests.  For  now,  with  less  currency  than  existed  before 
the  panic  in  the  channels  of  business,  after  allowing  for  the 
actual  reserves  then  and  now,  and  very  large  amounts  of  that 
lying  idle  in  banks  and  other  depositories,  there  is  an  ample  sup- 
ply of  currency  everywhere,  while  crops,  in  their  aggregate 
nearly  as  large  as  were  ever  produced,  are  moving  to  market. 
They,  or  some  of  them,  have  yet  to  learn  that  the  best  and  quick- 
est road  to  a  renewed  prosperity,  to  a  restoration  of  all  our 
industries  to  their  highest  activity,  is  by  improvement  of  the 
currency.  Let  that  be  done,  or  the  law  be  enacted  iind  visibly 
operative,  that  shall  secure  it  to  be  done,  and  then  they  will  see 
confidence  displacing  distrust,  and  bright  hope  driving  away 
despondency.  Now  capital  lies  idle  in  many  places  waiting  for 
lower  values  at  which  to  invest.  There  then  would  be  active  com- 
petition of  capital  to  secure  the  best  investments.  Now  values  are 
falling,  though  in  many  cases  prices  are  quite  below  their  proper 
value  in  specie,  tested  by  the  price  of  similar  articles  elsewhere. 
There  then  would  be  an  adjustment  of  all  prices  to  specie  value, 
and  almost  inevitably  we  should  see  a  specie  inflation  from  over- 
speculation,  as  occurred  in  England  after  their  resumption  in 
1821,  when  their  inflation  culminated  in  the  great  commercial  and 
financial  crisis  of  1835. 

No  one  can  fail  to  observe  certain  features  common  to  the  crisis 
of  1837  and  that  of  1873.  Excessive  speculation  and  high  prices 
prevailed  under  excessive  issues  of  currency — although  in  1837 
it  was  nominally  redeemable  (but  redemption  not  required,  except 
under  the  Suffolk  Bank  system  in  New  England),  and  irredeem 
able  in  1873;  these  high  prices  encouraged  excessive  imports, 
especially  of  luxuries,  and  restricted  the  exports  of  our  manufac- 
turers; and  capital  in  too  large  amount  took  fixed  forms,  even 
while  the  amount  of  debt  was  fearfully  expanded.  Such  con- 
ditions in  both  cases  preceded  the  crisis  or  panic.  Following  it 
came  first  the  general  arrest  of  business  movement,  a  brief 
paralysis,  and  afterward  spasmodic  and  irregular  periods  of 
improvement,  each  in  turn  giving  way  to  greater  depression.  So 
far  we  have  gone  in  this  period.  In  the  earlier  one,  that  down- 
ward progression  continued  until  1842.  We  have  yet  to  see  how 
far  it  will  continue  this  time.  The  same  great  principles  apply 
in  both  periods,  and  it  is  vain  to  argue  or  to  hope  that  any  dif- 
ference of  circumstances  can  now  defeat  the  operation  of  the  law 
which  was  inexorable  then.  There  is  no  sufiicient  reason  why 
the  ebbing  tide  should  not  be  turned  within  a  year  for  a  steady 
flow  of  prosperity.  Besides  the  great  wealth  in  fixed  forms,  too 
rapidly  fixed  in  the  last  few  years,  t'Mre  is  an  ample  supply  of 
free  or  loanable  capital  to  put  in  active  motion  all  the  industrial 
forces  of  our  whole  people.  It  awaits  only  those  conditions 
which  shall  inspire  its  owners  with  confidence,  and  the  first  and 
indispensable  one  is  such  action  by  Congress  as  shall  ensure  a 
sound  currency  at  an  early  day.  B.  F.  NOURSE. 


FINANCIAL  REVIEW  OP  JULY. 
There  was  little  to  disturb  the  quiet  current  of  events  until  the 
failure  of  Messrs.  Duncan,  Sherman  &  Co.  on  Tuesday,  the  27tb. 
The  latter  event  was  altogether  unexpected,  and  created  for  a  few 
moments  a  feeling  of  panic  at  the  Stock  Exchange,  which  was 
followed,  however,  by  a  quick  recovery  in  tone  and  prices.  The 
embarrassments  of  this  prominent  house  were  attributed  to  their 
advances  to  unfortunate  railroads,  which  had  been  the  cause  of 
accumulating  losses  for  several  years  past,  and  also  to  recent 
speculations  in  cotton,  in  which  the  house  was  largely  involved 
and  is  reported  to  have  lost  heavily. 


Money  was  excessively  easy  throughout,  and  with  the  exception 
of  a  temporary  advance  to  4<a5  per  cent  on  the  above  mentioned 
failure,  was  quoted  at  1^(33  per  cent  on  call,  and  at  3J  to  5  per 
cent  on  prime  commercial  paper. 

The  Bank  of  England  rate  was  successively  reduced  to  3 
per  cent  and  2i  per  cent,  with  money  in  the  open  market  much 
lower. 

Government  bonds  were  unsettled  by  the  large  decline  in  gold, 
and  although  tlie  active  demand  for  bonds  followed  the  first  frac- 
tional decline  in  prices,  the  ultimate  fall  in  gold  of  about  5|  per 
cent,  was  so  large  as  to  unsettle  the  market.  The  most  impor- 
tant event  of  the  month  was  the  calling  in  by  the  Secretary  of 
the  Treasury  of  the  whole  balance  of  the  Five  Twenties  of  1862, 
in  pursuance  of  his  arrangements  with  the  Syndicate,  who  are 
selling  new  Fives  freely  abroad.  This  will  leave  |48,537,550  of  the 
new  Fives  yet  unsold,  which  the  Syndicate  have  the  option  to  sub- 
scribe for  till  November  15,  1875. 

OLOSraO  PRIOBI  or  eOVEBHKIHT    SECtTRITIZS    IH  jm.T,  1876. 

. Coapon  bonds. . 

Ss  '81  f and.  6s'81  68'81  5-208  6-208  S-20B  6-208  6-208  5-208  10-40e  10-40a    6b 
July       coap.     reg.  coup.  1862.   1864.  1865.  1865.  1887.  1868.    reg.  coup.   cur. 

new. 
1 m        Jgju 

a nsji  121      1S2X  iso>tf   inx   

3 118X121      mn    ....  118K    „  122)<  isu     ..„     

4 8 

5... 
8.. 

7.. 


....  mn 
\Ky,  .... 
n»>i  i2o>( 

9 my,   ..  . 

10 

11 

12 118«     .... 

13 118>i  laoji 

14 

15 120 

16 

17 117K     ■-. 

18 

19 117      120X 

20 116X    .... 

21..  ..  115 

....  119 

114K     ... 

114%     ... 


123 
123 

12iJi 
123 


Holiday... 

120>< 

lisji  12ij^  120ii 

nsH  ma  iw^i 

118X    

.8 


ma 

122 

ma 

I21X 
121X 


....  ina 

....  ma 


...  ni% 
119X  ma 


ma  118K  122>^ 


ma 

122 


!      115X 


22.... 

24 
25 


121X 

12U 


.  120 


118>tf  121      120 

..  .  ma   .... 
ri7ji  ....  119 

118      r.9X  1I9X 

H9)i 

in«  180      119 
8  

ma  ii9ji  118X 
i:7x  ma  ii8>i 
i!6x  ....  ma 


ma   ....  ma 

laiX  121      117K 
ViOa  120X  117 
120)i  120X     .... 

i2oji  .  .,  ma 

120H  120Y    .... 


....  lasx 

ma  ma 

m%  .... 

....  ma 

ma  .... 


..  116 


118 
27 ... 

28 J17    lao 

29...   .  116J<     ... 

30 116]4  120 

31 116      120 


121 
120 

ma 


....   117H 

mx   .... 

..8 

....  118>f 
....  119 

ISO      !19 
....  118)^ 

....  ma 


120>i  120X  in>i 
1195i  119X  117>i 
119Ji 

ma  ....  116J4 

llSTi    

....  naa  .... 


inji 


ma 


123 


120      119X    ... 

ma  ....  ma 

117 

ma   ....  ma 

120Ji  180 


Open'g  nsa  121 
High'Bt  :i8Ji  121 
Lowest  114X  119 
Closing  :16      120 


m%  115X 

123  116>i 

120  115?i 

120Ji  116)i 

0LO3IXS    PRICKS  OF  CONSOLS 


nsa  ma  i^a  i^a  ma  i'^Vi 

USa  m)i  120)^  122K  121>^  117J4 
116  117J<  117)f  llBJi  119X  116>i 
116      120      118)i  120K  120      116X 

AND  n.   8.   BEOnBITIES  AT   LONDON 


ma  ma 

....  ma 

....  122 

...  122X 
llbX  122 

ii9i<  ma 

119X  123 
116X  122 
116X  122 

IK  JOLT. 


Date. 


Thursday 
Friday.... 
Saturday.. 
Sunday... 
Monday.. . 
Tuesday ., 
Wedaesd' 
Thursday 
Friday.... 
Saturday , 
Sunday... 
Monday... 
Tuesday.. 
Wednesd' 
Thursday 
Friday... 
Saturday. 
Sunday.. 
Monday. . 


5-20,110-40 

1867. 


106X'106XI104J< 
lObJi  :06Ji|ln4J[( 

io6a\ma\ma 


1063i,104X 
106JfilO4X 
'I06X  104^1 
llOtiJi  104X1 
■106J4il04X 
106X,104)<I 

lOBJi  loix 

106  J<  1104X1 

m%wia\ 

107>i  104X1 

107  IHa 
107     104X 


1-16  |106i<|l07X|104X 


Date. 


Tuesday. . .  20 

Wedne8d'y21 
Thursday  ..22 

Friday 23 

Saturday. ..24 
Sunday....  26 

Monday 26 

Tuesday...  27 
Wedne8d'y28 
Thursday  ..29i 

Friday 30 ! 

Saturday.. .31 


Consols  U.  S. 

for       5-20, 

money.  *65o. 


94  9-18 
94  7-16 
94% 
94  7-16 
94  7-16 


94  7-16 
94  9-16 
94  9-16 
94  11-16] 
94  11-16; 
94  11-16 


107 
107X 

lona 

107% 
107X 


5-20, 
1867. 


1(M0 


107Xl)04X 


107X 
107X 
108 
108X 


106X 
105X 
105X 

ma 


107X  108X  105X 
I07ii;l'-08X'105X 
107J<:i08X'105X 


107X  108X 
107Ji|108X 


Opening 193  ll-16'l06x!lO<iX 

Highest 94  11-16  107XUf8X 

Lowest 93  11-16  106Xil06X 

Closing |94  ll-16il07Ji  lOSX 

High.  rsince|94  11-16  108),  109X 
Low,  f  Jan.li9i%       |l05xll06X 


06X 
106X 
106% 

104X 
106% 
104X 
106X 

ma 

108X 


Dealings  in  securities,  other  than  governments,  were  on  a  fair 
scale,  and  prices  were  generally  firm,  and  ih  case  of  some  of  the 
popular  railroad  bonds,  made  a  considerable  advance. 

The  stock  market  was  not  particularly  active,  but  the  general 
tone  was  firm  and  the  closing  prices  showed  a  material  advance 
over  the  opening  on  many  of  the  prominent  speculative  stocks. 
The  leading  influence  was  the  report  of  increased  earnings  on  the 
grain  carrying  roads  of  the  west,  which,  together  with  the  good 
crop  prospects  and  the  rise  in  wheat,  had  the  effect  of  giving 
strength  to  the  stocks  of  those  roads,  and  by  sympathy  to  the 
whole  market.  Western  Union  Telegraph  was  strong,  having 
negotiated  all  its  new  loan  readily  at  95,  and  also  towards  the 
close  of  the  month  on  rumors  of  negotiations  ^  for  leasing  the 
Atlantic  &  Pacific  Telegraph  lines. 

The  following  table  will  show  the  opening,  highest,  lowest  and 
closing  prices  of  railway  and  miscellaneous  stocks  at  the  New 
York  Stock  Exchange  during  the  months  of  June  and  July : 


BANOi:  OP  STOOEB  DJ  JTTNE  AND  JULT. 


-Jnne.- 


-Jnly.- 


Rallroad  Stocks.  Open.  Hieh.  |Low.    Clos.  Open.  High.  Low.  Clos. 

Albany  &  Susquehanna    103  103  103  108  101  101  101  101 

Atlantic  &  Pacific  pref..    15  16  14%  16  15         16Jf  Wi  13X 

Central  of  New  Jersey. .  lOSX  113%  107  113X  111  lllX  109  110% 

Chicago*  Alton 102X  1«3  101%  102X  103  105  10-2«i  104% 

do  scrip...  100  lOO  100  100  

do             pref....  106  108  106  107  107^  109  107  10» 


JAnguBt  7,  1875.] 


THE   CHROXICLK 


127 


■    Jttn«.  .    . July . 

Bl(b.   Low.  Chw.     Open.  Hlch.   Low.   do*. 
CUema,»ml.MO/tiaaiWt    Ui      UlJt   iUH    113      IIS      111       lis 

cucHo.  mh- *  sTMi  n      »»    ta%    uk    at    nx    ns    mm 
«•  do  pnf.  «5       aex    9ij<    OM    ss       nx    as       »x 

do       ANorthweafa    IB        *IX     S&V     »X      W<     4tM     »M      « 
do  do    anl.    H        »        ng     nu     SOX      S8K      M        SSJi 

do       *  Rock  bbad.  lOOK    VHM    ICIW    Wt       ICdX    Itsy    lOIX    IWW 
Clnc..Cat.,Ciii.*Iiid..    U6S30n4«4S«M 
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D*L.Uek.*WMtMB..  117       ItlJK    IlT       nOX    lUX    1«IX    HoX    t»M 

Dabaqo*  *  Slooz  at;..    (I        tl        «1     •  •!  

Int. IT         I8X      ItW     HX      MX      ISX      !3X      MX 

dopnfwrad »4M     MX       0        MX      

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KsMM  Paetts IS        SOX     IS        U        

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do         Sdpnf.     B  S  8  • 

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MIX    IVIX     WX   WIX  MOX    ISSX    MBX    IMV 

II«wJ<n«7 180       inx    130      UIX  ISSX    l&l       ISSX    130 

MowJaney  Boatbwa...      4X       4X       3  SX       iX       ^X       tx       3 

M.T.Cm.*a.B ISOX    10<X    lOOX    U>  lOSX    lOtX    lOt       I0« 

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padflc  or  MisMMri SOX    Six    *»      mi    m%    six    «      «x 

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ntia..r.w.*cbLrur  srx  wo      9sx    tix    »ix    wx    «x    six 

B«B«nU*r«8afSta«a..  lU       IM        IM       IM V.  ../. 

Pt  L>,  AKoaA  T.  H.  pf.     18         18  18  18 

BL  I..lroa  ML*  Boatii.     ISX      SO         18X      1>  U         IB  U  U 

8LLoala.K«B.a*I«..      SX       SX       SX      IX  

do  do     pr«f.    l>X«*38asBSBSSS7 

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do                  pr«(    SX       SX  SX  SX 

OaloaPMdle W        7»X     «•        IB  TSX     TBX  SB  TSjJ 

Wtma MO       ISO       100       M  lOIX    lOIX  lOlX  MIX 

BHa#aHBM— BBi 

PacttcMaB SB         43         SIX      MX  40         4IX  34  SSX 

AiiaatfcAPkdfleTal...    SSX     SS        SX     %  SSX     tSM  U  » 

WaiSinltatoBTai TIX     TtX     TIX     IM  SO        MX  n  SSX 

OaModdadoa  Goal 4Sx     41        4«S     SS  «        S  «  Sjs 

MarfaglloalalaOMl..    B4^      S4        44        8"  SS        SB  «S  M 

Chaioa SB        4BX      43        •  BO        SS  SS  SB 

llVMtAX.,a*rt|iald     S         ItX       3        MK  ISX      ISX  SX  MX 

(talekjilw IS  18        ISX  S  U  UM  UX  IS 

:.*»_H«* SIX  SBX     31^  a>  SB  Sr  S*  «X 

AdMalnw. lS«t  181        SBX  BS  SKX  MBK  IBX  MO 

Ammteut*Efnm M  84X30  IfX  bT  SB  SdX  ST 

-TattodBtalaaKxpraa..    SI  SI         ««  dT  4»  4B  43  44 

»*IU,rttonxfnm...    88  8S        1>  M  80  83  TSX  St 

5*»J'J''!S?^  ••»•*'•  ••»•*•«     I8BX    n     is«( 

MawTorkOa* M       ISO       130       UB        „      „ 

Gold  ouule  a  Urf*  bnak  and  deelioad  from  117^  ot  lllf  aa 
tb*  eztiaoia  poiata.  Thar*  were  f  re<}a«nt  flaclaalkma  and  ra- 
,  panicalarl/  that  of  ahoui  3  pw  eaat  ob  the  tallora  of 
Bhannan  4  Co.,  bat  it  waa  aridaat  that  the  piwrloua 
•dvaoea  bad  boas  largalj  tba  roault  of  spaeslatiTa  maalpalatioa 
and  tbat  tba  eUqae  baTia(  djiaolrod,  tba  praalnB  daeUaad  U 


111 


I  nil 


t'UjMiWM  UTX  inx  iftMaiiar....  81  in 
•?Sr.:!!I   ,•«?«>•?«  i«««*»".... - 


rildar... 
Btmiiy 
■aadar 


%,  .'...lain 

^in  fiMx 
Mmu\i»K 
..  Biiax  tu 

JB  UBXIIIBN 


ins; 


ins    ll'V      M.,aAmw 


..UJ  .... 

irii'T* 


Tkanda? 


Frtdar.  .. 

BaMlhy 


lt»X>l!4N 

15     MS 


Th 

Fr 


I  ' 

^dMShr "  7 


.  ii»s  ti»x 

«  113      lltX 

.,.-,..,','!-■■."■••■; 
ISM.   ...iIKrH  tl»< 

'.«»....  liuH  ir 

iJ» iisx  tir,    .  ,  .    , 

un mx  my  n>\  nt^ 

Unt Ilty  ins  IXI^  ltn\ 

Ittn  1T7W    Illy    1'"%    Iwx 

.  i,  ItAX 

s  MO 
:  I  .  ...  :  -  Si  14* 
l«l  lV><t  !«««  144 
itM      tA      >S      3U 

I48B._^  10*     Mb5  ISOX  lis 
'-.  t.  !»  IMX'lllX  mx  IMX 


lau. 


toreign  rieiiaoge  wa«  Brm  dur;a«  ail  tba  rarly  pan  of  the 
BMtb,  and  prieaa  bifb  •aoogh  u>  admit  of  eoln  ahlpmcnla,  bat 
sabMqaMtlr  lalaa  daeUaad  la  eoDa«<|MMa  of  tba  battor  aapplj 
ofeoaaaretelbUteMlatBCfraDKraia  aktpMata.  BoalaaM  waa 
al«i  oaaattlad  by  tba  fUOora  of  Meaaia.  Ducaa,  Sharmas  ft  Co.. 
who  was*  aiiMQg  tba  pfomln  sot  dn««a  at  WHb. 


Jaiy  I. 

~  3. 

'•  3. 

-  4. 
••  8 

-  8. 
~  T, 
"  8. 
~  8. 
"  W. 

-  11. 
"  », 

"  u 

~  M 

•  U. 

-  M, 
"  « 


SOdaya.  s  . 

4.8J  M mx  <.SB 
4  ST  A4.BIX  4  SO 
«.f>   •4.3«X4.S0 


1i^.' 


urn  azcBAiiaa  foa  «vlt.  MB. 

I  BBdaja. 

.SO',!Jal»» " 

.SC  ,        "  IS.. 4 .88X1 

I.SOX       "  a8..4J3X( 

•'  SI..4.8SX 

••  S8..4  3SXI 

LSOX  I      ••  S8..4.»x 

i:£2l  •&•*:"* 

-.sr9<  I    ~  a8..4 


3  dar*. 


Kia|s.4.s8xo4  srw  4  nxtt4.«ax 


THE  DBBT  STATEMENT  FOB  JDLY,  l87S. 
The  following  la  the  offieiat  statemeat  of  the  public  debt  aa 
appears  from  the  books  and  Treasarer's  retarns  at  the  close  of 
boaiaen  on  the  last  da;  of  Jaly,  1875 : 

Dabt  beariBB;  Imtereat  In  Coin. 


Character  of  laaae. 


Saof  I8W 

4a  or  1381 

*a,Oraaan  War... 

Saor  1881 

Sa.  BBO-a  or  1888  , 

Saor  U8L 

6a,10-«ra 

4a.VSaaar  1884... 
4a,M0iar  I8S4.. 
8i,Maa(ir  USB... 
Sa,84Saor  1BS^  i 
Sa.  B«liar  IMT... 
4a,  VSOa  of  1883.  . 
Sa,  Pnadad  Loaa, 


Anth'rizing 
Act. 


....  Jone  14,  <S( 
....Feb.  8, -Bl 
....  Mareli3,<BI 
....  JQJJ*A..« 
....  rM>.  SJ.'BI 
...  lUrcb3.1i 
....  March 8,  "84 
....  March 3,  W 
....  June  30.  "M 
....  March 3.  ■at 
law.  March  8,  — 
....  March 3, 
....  MarchS,  _ 
laaitjiilT  14,70 


1814 
1880 
1-M 
1881 
1883 
UBl 
ISOt 
1884 
1884 
188B 
18BB 
1887 
1888 
UBl 


Intereat 
Perioda. 


A  J. 

*  J. 

*  J. 
A  J. 

A  J. 
JkS.* 
A  N. 
A  N. 
A  N. 
A  J, 
A  J. 
A  J. 

—r. 


Bonds  Ontatanding. 


Regiatered.       Coapon. 


$260,000 
13,7»«,000 

US,8M,«b' 

38,880 

BS.683,300 

141,814.690 
1X8,800 
3B,SSS,800 
38,7BS,aOO 
88,388,400 
88,896,130 
14,«Sl,a0O 

303,341,530 


t4,6«l.000 
945,000 
68,431.800 
49,818,880 
31,3I7,;W> 
SS,!»1.6S0 

'siwiioo 

118,748,350 
144,803.700 
«il.9S6,800 
38,068,500 
818,464,900 


Tk«i 


«e)tM,pKaBdaa00i 
■ad  also  |SiBOO  aad  81 


ia)  Coupon 
0.  (10,000. 
and  81,000,  regtiterea,  same 


or  dabt  bearfan  faitawat  In  coin t76t.l3l,150 

or  danomlnallona  of  each  bane  or  boiala  are  aa  followa: 

~  tB,OM.    (6)  coapon  Sl.OOO,  resialered  ti.OOO,  $5,1 

-Bi    (<r)eoapoo,t5ir»IOO,»3&      ^ 

•tojooo.  ^^ 

aad  BIOD  boaasaia  paid  annnallT  li 
On  the  above  laaaaa  or  booda  thSSB  ii  a  total  of  t9.«3.  Mi  of  Intereat  oTerdne 
aadaotretcalMtar.   The  total  aaoantaeemed  Intereat  to  date  U  tlT,383,08t. 

Oebs  Baarlac  laSaraaS  Ib  I.awtBl  mommj, 

I  Principal.  lataieat 


3a,  Xarr  paaalaa.  Act  July  SI, '48,  Int.  appl'd  odIt  to  pena' 
4a,  Oacdfa  or  tatdabtadneaa.  Act  Jtly  8,  '70,  One  In  1875 

AuiiBaM  oT  debt  beanng  Intereat  InUwfnl  money 


114,000,000 
878.000 


»;4.878,000l  t48.300 


<a^ooo 

11,800 


••  Which  iBtaraaS  Baa  Caaae*  ataea  Halartsr. 

nate  la  a  total  amoaot  of  oreMoe  debt  yet  ootatandlnc.  which  haa  nerer 

1^  j^^^^^  ^  $ia«»,SM  principal  aad  t*rlJUI  tatenst.    Of 

1  •S.sajM  la  oa  the '•  caUed"  STe-tweallaa  of  Sis. 
»a>3  B«BiiBc  BO  iBSaraat. 


ChaiBctaror  laaae. 


n.  a  iwai  too. 

OiiHBraliirf 

Oardfh.  far  gaid  d^podiad 


Aathodxlag  Acta. 


JolylT,  IBSl.aad  Feb.  IS,  1888 

Feb.  SB  tad  July  II,  ti.  and  Mar.  3,  I86S 

Jaae%IS78 

Joly  17. 1883.  Mar.  8, 1388  A  Jano  SO,  1884 
Mar.  3,  V  Cln  fSO.  BOl  100. 300,  l.OOil,  5,000) 


ordattbearlatno  Intaraat. 


Oatstand'g. 


•as.8rr 

374,755,106 

M,«To,oao 

41,146,386 
SS,71M00 


♦B0S,98^478 


pSSBlBMOB. 


la  CM»— 


Total  dsMhaailiCtalareat  in  eoia 

Daar  aaaaoM  bmaaar  la  LAWVtn,  Monr— 

OtlBralaa  at  4  par  eaat 

XaeypaadoafaadatSperoaat 


•1.7D8,4auaO 

w4taao 
liooo^aoo 


Totrt  dabs  Baart^lalaaail  la  Iwrtal 

Dasr  OB  want  farr.  staa  oaAaas  asaa  MAnrarrr. 
DBBt  8BV»a  ■■  iwaai— 

OMMad  aid  laaal  tndar  aolaa...,, 

CXsMsaSsaataspaait 

FtasBlsaal  aanaaef 

OiifMiialu  of  |sM  dspa^ai 

Total  dabt  boarilW  BO  la  tercet. .. . 


_Aaoaat 


818,888.780 


$M.B7S.a80 

io,Ba.tn 
iar43K>« 

^4,tra,B0D 
41.14B,3B3 

Bt,nMoo 


$808,888,478 


TWal  dafes  priarfcal  aad  Intereat,  la 

atadK^i 


payaeat 
A— iiai  IB  vaa  TaaaacBT— 
Cola 


|8.S«73IS.048 
latanot  doe 


IMal 


Debt.  leaaaiBoioi  ia  the  trwiiary,  AjJtlsi'Y.'iBn'"^ 
Debl,laaaaaH>aat  latbaTreaaory.ftlp  I,  tsa. 

Pitiwai  or  debt  dartaa  tba  past  aa 
«r«rt*ibwa3aaeliinm 


Interest. 


t»jaM,ui 


48,3  3 

SST.l 


S8JW4 


t>T,iio,4ao 

8,884,80,808 

48,848,100 
4413,968 

84.S7P.000 


$l37,M8,Vra 
3,137,383,888 
8.138.888,116 


}I,8ei.88T 
1,304.881 


I  Sa  She 


•  She  Parlfle  ■allraa*  Oaipaalaa,  latareai 
rayable  In  i.aw3al  ■•■•V. 


Clanclarar  laaae. 


Oauial  Padfle 

■aaaaa  PadBc    

UalOB  Fadfle 

OaMfal  Bnaeh,  Dalaa  Padfle. 

Waatata  Fadfle 

MauOttrsadndfle 

Total 


I    lalaraat      Intaraat 
Aaooat   '    paldbr    repaid  by 
Oatatand'r  United  IM's  u'nap't'n 


$114IB>,3S1  (1.1BI,SIIT 

S,l08,«a8  1,483,701 

11JN.834  8,554.836 

181.808  89,431 

718,880  9,887 

883.708  10,141 


m 


/J38JS 

uauto 

trssm 


184,883,813  >38,308,807  >«314.1S>>  >SI,S88.64r 


Balance  of 
Int.  Dald 
by  U.  8. 


$9,861,030 

1.810,190 

8,889,468 

748,888 

713,018 

Sn,881 


The  Fadfle  Manroad  boada  are  aD  lamed  nndn  the  acta  of  Joly  1. 1883,  and 
Jahr  I,  1884:  tbay  are  feglatered  bonda  In  the  denoainattons  oT  $l,00n,  35,000 
■aa  •10,800;-  bear  6  per  cent  Intereat  In  currency,  payable  Jaaaary  1  and  July  1, 
■ad  ■■taia  88  yean  from  their  dau. 


— The  Pullman  Palace  Car  Compaajr^lTea  notice,  in  our  to  day's 
Isana,  tbat  thsy  will  |iaj  the  outstanding  bonda,  amounting  to 
fl, 000^)00.  bevInK  8  per  cent  Interaat,  first  series,  and  due  Nor. 
ISth,  1875,  at  any  time  prior  to  that  date,  with  accrued  intereat, 
on  presentation  at  the  offloe  of  the  Farmers  Loan  and  Trtis'. 
Company  la  Naw  fork. 


128 


THE   CHEONICLK 


[August  7, 1875, 


Cateat  fHonctarg  anis  (Somiiurcial  (Sugliat)  Newe 


RJlTBSOP  BKOHANGB  AT  liONOON,  AND  ON  LONDON 
AT  (.ATBST  OATBa. 


KZCHANQR  AT  LONDON— 
JULT  8S. 


Amsterdam 
Antwerp... 
HambarK... 

P»rli 

Pari* 

Vienna 

Borlln 

Fraakfort  . 
St.  Peterabarg 

Cadiz 

LiabOD.  .. 
Milan.... 
Qenoa..... 
Xaolea .... 
New  York 
Rio  de  Janeiro 

Bahia 

Buenos  Ayrea.. 

Valparalao 

Pernamboco . . 
UoDtevldeo... 

Bombay 

Calcutta 

Hong  Kong... 

Shanghai.. 

Penang 

Singapore..    . 
Alexandria 


abort. 
8  months, 


short. 
8  months. 


%daj«. 
8  months, 


60  days. 


11.18    &nM 

i6M    giU.eO 
SO.TO    asO-74 
SB.S.'i    QiS.V^ 
85.5iXdi5.57X 

n.r,)ia,n.4i>i 

80.70  Q80.74  I 
80.70  6811-74  I 
U  11-16^3^ 
*■}%&<»  I 
UX@fi8  9-16 
27.S«Ha87.57>i 
27.S8i<S87.B7X 


U.  9Hd. 

U.  9)id. 

a*,  ild. 

&i.  6)id. 


S».  lid. 


BXCHAHQI  ON  LONDON. 


July  88. 


July  88. 
June  15. 


July  22. 
July  19. 
July  88. 
July  19. 


July  21. 


short. 


8  mos. 
short. 


8  mos. 
short. 


3  mos. 


fiO  days. 
90  days, 


GmoB. 


3  mos. 


18.00 

8J.88 

80.34 

•SB. 29 

U'm 

80, SO 

20.50 

33!^ 


$«87X 
27  )t 


1«.  lOd. 
U.  i%d. 
4>.  IXd. 
bs.  Ifid. 


97X 


[From  our  own  correspondent.] 

London,  Saturday.  July  34, 1«75. 
The  weather  during  the  past  week  has  been  very  unsettled,  and 
there  hag  again  been  a  heavy  fall  of  rain,  not  only  in  the  British 
Islefl,  but  also  in  the  Northern  parts  of  France  and   in  the  South 
of  Norway.     The  rains  which  have  fallen  go  copiously  are  more 
like  those  of  autumn.     There   has   been   s.nce   last    Wednesday 
week,   an   almost   uninterrupted    downpour,   and  in  most  parts 
of  the  country  the  floods  have  done  serions  damage  to  the  crops, 
although  they  h  ave  not  fortunately  led  to  much  loss  of  life.     The 
weather  presents  just  now  a  somewhat  more   settled   appearance' 
the  rainfall  during  the  last  few  days  having  been  comparatively 
light ;  but  it  is  very  far  from  what   we   expect   in   July,   the  sun 
being  still  obscured  by  cloud.    The  crops  have  of  course  made  but 
little  progress  towards  maturity,  and  it  is  to  be  feared,  nay,  it  is 
certain,  that  much  damage  has  been  done,  especially  to  the  crop 
of  wheat.    In  many  parts  of  the  country  the  crops  have  been  much 
laid,  and  unless  we  commence  at  once  to  enjoy  bright  sunny  days, 
the  prospect  will  be  avery  gloomy  one.   Under  any  circumstances, 
the  crop  of  wheat  must  be  decidedly  below   an  average,   for  not 
only  has  the  weather  been  unpropitious  since  the  period  of  bloom- 
ing commenced,  but  as  I  have  mentioned  in  former   letters,  there 
ig  no  doubt  of  the  fact  that,  owing  to  the  heavy  fall  last  autumn 
in  the  value  of  wheat,  and  to  the  remunerative  prices  obtained  for 
other  kinds  of  grain,  the  quantity  of  land  devoted  to   the   produc- 
tion ol  wheat  has  been  reduced,  while  that  on  which  feeding  stuffs 
are  being  grown  has  been  considerably  augmented.    The  farmers 
may  perhaps  regret  it  now,  as  wheat  promises  as  far   as  price   is 
concerned,  to  prove  a  more  remunerative  crop,  although  when  we 
consider    the    diminished    yield    and    increased   expenses   made 
necessary  by  the  storms,  it   is   not   improbable  that   even   higher 
prices  will  not  yield  so   very   satisfactory   a  result.     This  year's 
harvest  will  unquestionably   be   a   very    tedious   and   expensive 
operation.     In  many,  if  not   most  localities,  it  will  be  found  to  be 
impossible  to  employ  machinery,  and  the  farmers  will,  in  conse 
quence,  have  to  pay   very   high   prices   for   labor.     The  leaders, 
therefore,    of    the    strike   movement    amongst   the  agricultural 
laborers  will  very  likely   introduce   fresh   obstacles  to  a  speedy 
in-gathering  of  the  crops. 

Notwithstanding  the  very  unpropitious  weather,  the  wheat 
trade  has  been  less  excited  than  might  have  been  expected.  Dur' 
ing  the  past  fortnight  an  advance  of  from  8  to  10s.  per  quarter 
has  been  established  in  prices  ;  but  this  is  not  much,  considering 
how  low  has  been  the  quotation  during  the  present  season.  The 
course  of  the  market  will  now  depend  greatly  upon  the  weather 
but,  at  the  same  time  it  must  be  expected  that  even  with  fine 
weather  present  values  will  be  maintained,  as  the  crop  in  this 
country  will  not  be  an  average  one.  Much  will  naturally  depend 
upon  the  requirements  of  France,  for  should  that  country  be  com- 
pelled to  import,  we  shall  have  an  important  competition  in  the 
producing  markets,  and  shall  have,  in  consequencej  to  pay  a 
higher  price  for  our  very  extensive  wants  for  the  next  twelve 
months.  Money,  however,  is  very  abundant  here,  and  if  the  im- 
proved prices  which  the  American  grower  will  obtain  for  his 
produce  gives  a  stimulna  to  American  trade,  and  we  derive  some 


benefit  from  It,  wo  may  perhaps  have  not  much   cause  to  regret 
that  we  shall  have  to  pay  a  little  more  for  our  loaf  of  bread. 

The  following  figures  show  the  imports  and  exports  of  cereal 
produce  into  and  from  the  United  Kingdom  since  harvest,  vii., 
from  September  1  to  the  close  of  last  week,  compared  with  the 
corresponding  period  ia  the  three  previous  yean  : 

UtPOBTS. 
™r^  1874-5. 

Wlieat cwt.  8«,111.10« 

Barley 12.158,018 

Oats B,08i,877 

Peas 1,741,35« 

Beans 2,698.885 

Indian  Com 14,366,t 


Flour 5,SC5.937 


1878-4. 

87,785.128 
8.149,774 
9.497,251 
1,280,271 
8,405,995 

15,7(11,442 
5,913,362 


SZMBn. 

Wheat cwt.  802,787  8,299,280 

Barley 166,999  233,403 

Oats 77,407  122,024 

Peas 18,458  11,807 

Beans - 8,G47  2,518 

Indian  Corn 48,058  131,229 

Flour 55,574  245,150 


1872-8. 
39,980,846 
18,473,787 
10,643,628 

1.316,856 

8,898,974 
18,688,905 

6,C32,653 

686,924 
2,1,147 
18,411 
7,263 
2,533 
43,964 
29.061 


1871-2. 
34,497,195 
11,300,588 

9,(53,851 
934,730 

3,054,319 
17,247,158 

2,958,309 

8,197,994 

16,216 

105.520 

9,907 

3.060 

28.903 

81,587 


On  the  continent,  the  appearance  of  the  crops  varies  considera- 
bly. The  rye  harvest  has  been  commenced,  but  that  of  wheat  is 
delayed  in  consequence  of  the  unsettled  weather.  It  is  stated 
that  but  for  the  rains,  the  yield  of  produce  would  have  been 
satisfactory,  and  the  quality  excellent. 

The  nnpropitious  weather  seems  to  have  induced  the  directors 
of  the  Bank  of  England  to  refrain  from  making  a  change  in  their 
rates  of  discount.  The  Bank  return  published  during  the  week  is 
very  satisfactory,  the  proportion  of  reserve  to  liabilities  having 
increased  irom  46^  to  491  per  cent.,  showing  an  improvement  of 
about  3  per  cent.  The  supply  of  bullion  has  been  increased  by  as 
much  as  £726,116,  the  total  being  £28,331,118,  against  £23,196,06.5 
last  year.  The  reserve  of  notes  and  coin  also  shows  the  substan- 
tial increase  of  £928,393,  the  total  being  now  £15,078,393,  against 
£11,242,290  in  1873.  There  is  very  little  trade  demand  for  money, 
and  business  is  greatly  kept  in  check  in  consequence  of  the  indis- 
position of  the  banks  and  discount  houses  to  take  any  but  the 
best  descriptions  of  paper.  This  is,  of  course,  in  favor  of  our  large 
commercial  houses,  which  ought,  if  the  present  state  of  affairs 
continues,  to  absorb  a  large  proportion  of  the  trade  of  the  country; 
but  as  even  large  houses  have  lately  succumbed,  considerable 
caution  is  exercised  with  regard  to  some  of  these.  Firms,  how- 
ever, of  undoubted  soundness  can  obtain  money  now  at  3J  per 
cent,  which  ought  to  enable  them  to  realize  substantial  profits. 
The  state  of  business  is,  nevertheless,  much  uasettled,  it  being 
feared  that  we  have  not  yet  seen  the  lowest  with  regard  to  certain 
articles,  amongst  which  silk  and  jute  are  prominently  specified. 
The  quotations  for  money  are  now  as  follows 
Percent. 


Bank  rate 

Open-market  rates : 

30and  60  djys"  bills iH&iX 

8  monthB'bills,... 2jia2>J 


Percent. 

4  months' bank  bills axOSJi 

6  months' bank  bills i%®i% 

4  und  6  months'  trade  bills.  3    ®3>^ 


The  rates  of  interest  allowed  by  the  Joint-stock  banks  and  dis- 
count houses  for  deposits  are  as  follows  : 

,...,..     ,_  !'«'■  <=6°t- 

Joint-stock  banks j    ©.... 

Discount  houses  at  call 2    @!'!! 

Discount  houses  with 7  days' notice 2J^@  ... 

Discount  houses  with  14  days' notice...  _ iH&..-- 

Annexed  is  a  statement  showing  the  present  position  of  the  Bank 
of  England,  the  Bank  rate  of  discount,  the  price  of  Consols, 
the  average  quotation  for  English  wheal,  the  price  of  Middling 
Upland  cotton,  of  No.  40  Mule  yarn  fair  second  qualit} , 
and  the  Bankers'  Clearing  House  return,  compared  with  the 
four  previous  years  : 


Oircoiauon,  including 


1871. 
£ 


bank  post  bills 85.784.487 

Public  deposits 4.718,127 

Other  deposits 2C,801,'388 

Uovernment  securities,  14,892,563 

Other  securities 17,870,64 1 

Reserve   of  notes  and 

coin 17.410,171 

OolD    and  bullion  in 

.  both  departments..,.  27,444.441 

Bank-rate 2p.  c. 

Consols 93J(, 

Euglisb  wheat 58s.  lOd, 

Mid.  Upland  cotton    .,     9  l-16d. 
No.40  mule  yarn  fair  id 

quality Is.  2J^d. 


1878. 
£ 

26.581,179 
6,887,605 
22,214,790 
13,885,646 
22,561,308 


1873. 
£ 

86,326,984 
6,053,497 
18,494,474 
13,281,882 
17,414,494 


1874.  1875. 

£  £ 

27,303,930-  88,622,129 

3,681,59*      3,880,633 


19,750,967 
14,025,691 

16,400,551 


26,647,815 
14.276,626 
18,971,309 


11,978,048    12,347,517    11,342,890    15,078,398 


83,187,308 

SSa.  6d. 
9d. 


33,215,867 

4  p.  c. 

98X 

B9s.  6d. 

8Xd. 


23,196,065 
2>f  p.  c. 

eos.  lod. 

8  »-16d. 


18.  5X<i-     !»•  5X<1.      Is.  OXd. 


28,331,118 

3  p.  c. 

94X. 

46s.  Od. 

6  15-16d. 

lid. 


Clearing  Honse  return,  83,8a«,000    99,110,000  107.142,000  135,606,000  123,539,000 


The  rates  of  money  at  the  leading  cities  abroad  are  as  follows  : 

Bank     Opes 
rate,  market 
per  cent,  per  cent 


Bank  Open 
rate,  market, 
per  cent,  per  cent. 


Paris 4   "  3@3i[^ 

Amsterdam SX  i>i 

Hamburg 4 

Berlin «  3X 

Frankfort 4  4 

VlennaandTrleste..  ,  4^  4X 
Madrid,  Cadiz  and  Bar- 
celona   «  6@8 

Msbon  and  Oporto 4  3>i@4 

St.  Petersburg i)i  6@5^ 


Brussels 

Turin,  Flortmce 

Rome 

Bremen - .  •  ■ 

Leipzig — ... 

Qenoa 

Oeneva >., 

New  York .., 

Calrntta  , 

Copenhagen , 


and 


5 

3« 
5 
6 


•;;:    '^ 


6 
3« 

4)f 


\ 


Aogvl  7, 1876  ] 


THE   CHKONlCUi. 


129 


Then  U  Mill  do  demMld  for  gold  for  export,  and  the  bulk  of  our 
i  mporUtioDi  baa,  io  oooaeqaaoce,  boM  lent  into  the  Bank.  The 
rats  for  India  Coaocil  bills  havlog  lomewhat  improved,  lilver 
ia  aomewhat  firmer,  but  Mexican  dollars  are  anchanged  in  value. 
Ml— li   Pizle7  &  Abell  quote  as  (oUowB : 

•out.  •.   d.      •.  d. 

BuOold  per  oa.  tundard.    TT    t 

■KSold,tB« p«  oa.  lUadard.    rr    9 

■arGgU,r«aMMa ftraa. standard .    Tt  U 

SaaalshDoablooM ^ peroa.      .... 

Boaik  Amsrieaa  Doablooaa peroa 

OaitadSutMOoldtJ"'-  peroa.    W    SJi 

•ILTIB.  t.    d.  • 

Bar 8U vw, riae pa* •■.  ttaadard.  4    TltHA 

Bar  Stiver. eoDtalnlncSrcr*.  Odd.     par  or.     do        4    8X      A 

Mazleaa  Dollan peroa.  4    (M     tt 

Spaalafe  Dollar*  (OuoiM) pares,  none  here 

five  Fn 


Pieces..      oeroi. 

The  periodical  sale  of  bills  on  India  was  held  at  the  Bank  of 
England  on  Wedneadaj.  The  amoant  allotted  was  £600,000,  of 
which  £348,000  wsa  to  Calcutta.  £296^000  to  Bombay.and  £24,000 
to  Madras.  Tenders  <m  all  I'residenciee  at  119|  will  recHvo 
about  24  per  cent,  and  above  tliat  price  in  fnlL  This  mult 
shows  a  slight  improrement  in  the  demand  for  the  means  of 
remittaaca  to  the  Emi. 

Measrs.  Mortoa,  Boae  A  Co.  annooaee  that  they  are  prepared 
to  rseaiTO  aolMeriptions  to  an  issaa  of  £38«/EQ0  sterling  5  per 
MBt  eonpoB  bonds  oi  the  eitj  of  ProTidanee,  State  of  Rhode 
Island.  Ualtad  Blatea.  The  price  of  i«iw  Is  to  be  90  per  £100 
boad,  5  par  esat  being  payable  on  appUeatlon,  and  8S  per  cent 
OB  tke  SOth  ot  Aagnat.  The  proepealaa  states : 
Tkejoads  an  Io  bearer,  and  ,rei>a]r>blej|ljar  \a  LMidoa  iajm  .Tbej  are 


SsaSSlsaan  e(  MaktM  Paadi 
MHeJtaMsc  had,  teWlavcsb 


of  turn  «e  be  snaasny  psM 

Paada,  who  are  ••  JieM  the  mom  aa  aa  aeoaa- 

it«t  rtth<T  la  tb  boada  or  aolea  of  lb*  dtr 

of  PMvMaac^  or  beads  of  ibe  Bute  of  abode  Uaad.  or  of  tbe  Ualied  Btata* 

vsraBMBl,  for  lbs 


I  of  the  ibove 

MsHiaL  Oiaat  Brothers  announoe  that  they  are  aalhorlsed   to 

iceeH*  tiibaeriptlona  to  an  issue  of  CSetjOOOterrainable  debenture 

boada  of  tbo  fnwaolWktail  fond  of  tba  dty  of  Quebec    The  loan 

wlU  ba  taaasd  la  toads  of  £500,  £S0O.  and  £100  each,  bearing 

iatereat  at  six  per  cent  per  annum,  iataraat  boiag  payable  half 

yearly   In  Loadoe.    The  prior  r>t   lana  la  £in  par  £100  boad. 

Tbe  principal   la  payaMo  at  par  oa  the  1st  of  July,  1906.  and  a 

■inking  foad  of   1)  par  cent   »IU  ba  aaaaally  sat   apart  and 

inveeted  by  tbe  corporation  to  redaefli  Iha  bonds  at  the  above 

•date  as  specified  In  the  act  of  Parlls— t,    Thaaa  bonds,  says  the 

proapeetna, 

ArssajsMe>s>f.sa«sreetaffdeat>spabBc  pvoparty  of  Ibe  Oorpe- 
'  iaaidaaalalbv|rsast«ro(iberltrsfQaease.aad  araiaaadlor  lb* 
.JSaori*4«Ntag«d(U«d«b«>tur«a«riSfS(ld  dtr  aMMlMed  la  Lea- 
ilBlMLsa4aMrSS«  da*,  to  tsaawaai  of  ibMksad  far  ife* 

Mva***.   ne  nweaas  of  ibe 
.  ^  ,  ,  ..  ,t=;Ji  mK  sa  sartUad  by  tbe 

City  TtMsaiw,  m^mft  <a  MUM  Satm^  Ks-' -" 

lb*dt     " 
la  Ik* 


nr  ef  OMUa  llsMs  w  ba  I 
•  IssI  mMsI  •SMBsat  af  satoanu. 
eadte  AfsflWiniCtteMBi  saeoat  oT^ 
wHulaa  was  pjMm.  abeai  BSASiOi 


There  haa  baea  eoasUarablo  eviiWwt  ia  tba  dty  thla  week, 
owing  to  the  arraH  ot  Uie  Brother*  OolUa,ea  a  charge  of  defraad- 
ing  tba  Loadoa  *  Waatmiaater  Baak.  Tkaebarga  is  that  tb<>y 
have  obtalaad  tMO,000  by  mean*  of  aeeomoiodatlaa  bitla— a  well- 
known  eoouBodity  ia  this  diy  and  aaioagat  oikar  trading  com- 
munitlaa.  Tba  tbrnrg*  of  frand  haa  yal  to  ba  aabatantiatad  ;  bat, 
BO  doabt,  tlM  Loadoa  4  Waatminater  Bnk  Ufa  baan  wall  adrlnad, 
tkay  aia  piapaii^i  to  k^  artisMa  ■  bafoca  tba  Jary 
itiy  eocMlailTa  to  obtain  a  aartfkt,  bat  of  which  notbing 
oxeapt,  parlMpa,  eartain  narkH  on  BBBMaoaa  biUa  of  ezehaaga 
has  yet  bean  mada  pnblic. 

Tba  stoek  Marfcats  have  not  baaa  ^MattaOy  alkniail  by  tha 
wsathar.  Tka  toaa  has,  however,  baaa  4all.  hat  Ualta4  ■lataa 
■oeka.'  aad  iadaad  all  tha  stocks  of  tka  oara-prodadBg  eoontrica, 
kava  aUraatad  attaatlaa,  in  consafaaaea  of  tha  klgbar  value 
BBlaliUBbad  Ib  tha  aora  Barket.  and  of  tha  eartainty  that  wa  shall 
^laqalia  targe  sappllaa  of  forrlgn  prodaaa  daring  tha  eoaUBg 
Tba  eloalag  pitaea  ot  CobmIb  aad  tha  prtadpal  A»«tMB 
at  tody's  Marfcet.  ootapaiad  with  thoaa  of  laat  weak, 
I  aa  follows : 


iiedm. 

Muuchasett*,  Bs .,1889 

Do  8* mi  99 

.Do  S* UBl  99 

TirglDla  stock  Da* ^ 33 

Do  New  fondel  «a 1105  M 

AaiUCAN   DOLLAB  BORIM  AlfD  SHAKB8. 

AtlanUc  A  Great  Weetern  Ui  M..  $1,000,  Ts...l90i     99 
Do  ad  moit.,  tl.OOO,  7a.l909 

Do  3d  mort,  $1,000 1901 

Atlaatlc  IdlidwippI  A  Obiu.  Con.  mort.,  Te. . . .  1906 
Baltimore  A  Potomac  Oliin  Line)  lat  murt,  (a.1911 
do  (Tn  D  ncl  1 1  Bt  mortgage,  (a, 

(gaar.  bv  Penntjrlrania  &  No.  CenLBaUwaj).1911 

CeotialofNew  Jereer.  cons.  marV^  7i 1890 

Central  Pacific  of  Caliromii,  ut  aort,  «• 1816 

Do  Calirorntt  3s,  Onfoa  Dlv.,  1st 

mortgage  gold  bonds,  ite 18M 

Detroit  A^lUlwaakee  1st  mortgage.  T« !816 

Do  IdmortgagiLa* 18TC 

Bri*$iaOsbarM _ 

Do  preferaDce,  7» 

Do  coovertible  gold  bonds,  7t 1904 

Qalveston  A  Harrisbarg,  lai  morunge.  ■* 1911 

Illinois  Central,  $100  shares  

Lehl(h  V'sller,  ooosoltdsu-d  mortgage,  la. 1919 

Marietta  A  CtndBnall  Railway,  TC. 1881 

Mlasonrl  Kaaaaa  A  Texas,  let  mort.,  guar,  gold 

boads,  Ktwllah,  71 1904 

N*w  TorfcBMIon  A  Monirrai.'Tl.' 190S 

Haw  Tork  Caatial  A  Hndsuu  Blv«r  mortg.  bond*.. 

New  York  Central  $100  stuu-fs 

Oregon  A  Oaliforala,  1st  mort.,1* 1890 

do       Prankfort  I  ommit'e  Beeelpta,  z  coop. 

Pennsylnnla,  $80  share* ! 46 

Oa  f St  mart.,  6a >880 

FhiladalpUa  A  Raadhig  SM  alMSSS 41 

PlUabara  Port  Wayne  A  CbiCMB  aqolpment 

beads  (gnar.  by  PennsylvanlaOaJ.Ba 98   Al 

Uaioa  PacUc  Land  Grant  1st  ngtCn 1889     91    S 

Ualee  PaeUe  Railway,  1st  mortice,  r* 1818     89   0 

A>aa«aa  arsBLnn  bohd*. 

Allagbeav  VaUer.  goar.  by  Paoa.  E'y  Co 1910     86    O  81 

AUaalic  A  Gt.  Weatem  coosoL  sort..  Blschoir. 

oeru.(a).7s 1890       t 

Ailaatlc  AGt.  W.,  r»or(antsatioa  scrip,  7S...UR4      .... 
Do  do.       l*a*edilneeiaBtaltnst,7*.19at     4* 

Do  da  do.  1873, 7s.  1908     80 

Da  da.       Waatem  eztaa,,  (• 1878     18 

Da  da.  do.  7a,  mar.  by  Krle  R'y.      30 

Baltlawii*AOI|to,(* .„? 18fe    106 

Do  4*  ... 1909    106 

Oa  4* 1810    M)ti 

BarllaftOB  C«dar  Raalds  A  Mlnassotl,  7* 1901  ^ 

'^110  a  Vlaieaase,  Ts  ..  ....  ...1908 

Chicago  A  AliOB  •t*rUng°con°aol.  morC.'.  «•'. '....  1906 

OMoMo  A  Padacab  Ist  mort.  gold baadi.  7a.. .1908 

Oissalisd,  Oalaaha*,  Cla.  A  lBd.eoa.  aort 

Ma*sraRsOwayo(  Masaachosett^  6i  1888 

1815 


July  17. 
■-     -  101 

w  aioi 

99    SlOl 
K    Sk 

49    SSI 


81  %m 


48 
94 
30 
40 
101 
107 

m" 

100 
SI 


90    I 


ias»(  ,106M 


lOSMi 
106 


*iB6 


I.  saaM.  (or  ooav.  df  aiMlBg  boad*,7s.l880 


81 
•4    . 

SIS 

88MA94V 
I04M<  kKMir 


Olbaaa  CHaloa  A  i»priaaa«ld  1st  aocviald,1a. .  1900 
IUastaA8l.LaaU1r^p!staMct.ia 1900 

Da.  d&         tdBefL.Ts 

imssis Oaattsl. slaklag fnnd.  aa....| 19» 

9».  do         aa  18n 

nUaats  Mlssead  A  Taaa*  1st  mart  7* 18S1 

UM|A  TsBij  asml  aart.  "A."  8s IO0m2ioim 

UaiavtItaAIIaahvtIU,  4*  19ia     (0   (  t  9i 

liapai*  A  OUa  1«  BHTt.  7*    1901     (8   (  ilOO 

Uwaabia  A  at.  PaaL  tsi  mart  k .1908     80   i^86 

lew  Tofh  A  C^ai8s  R'way,  gnar.  by  lb*  D«lv 

war*  A  Badaaa  Cbaal  acrii.,  ■§ IWt    100 

R.  T.  OnUial  ABadaoaUlT.  aovtboad*,6*..19as    106 


lOOM 

T4 

79 

87 


48 

81 
84 

10 
89 
31 
78 
80 
88 
98M 


100 
90 


43 

91 
30 


53 

MX 

BS 
M 

n 


#88 

80 
80 
80 

iMJrftioox 


101 
9t 


ai 


109 
107 


98    (  )I00 
88   085 

100  aia9 


•  la  5  eeapees,  Jasaary,  1819,  le  Janaary,  im4.  ladnalva. 

Kaxtleh    VarKet  88ararU— Per  <}abl*. 

TltaJUlyotoalBKqaoiatioasIn the  marketaoi London  and  Liver- 
pool tor  I  tie  paat  week  liava  baaa  reported  by  cable,  aa  ahown  In 
tha  loliowing  summary : 

Ltm4o»  Money  and  Stock  Jfarkaf. — American  seeorltiea  have 
ralad  steady  tbroaghout  tha  week. 

Tbe   ballloo  ia  the  Bank  o(  Englaind   haa  Increased  £58,000 

during  the  week. 

Hat        Hoa. 

Ooaaot*  for  aoaay 9*  11-18 

aeeoant »4  ll-M 

0.  B.  8a  9-9aB.>1886,oM. .  107K 
"        -  u,5 


8H«^ 


138! 


Jaly  94. 

mi;  J09M 

M«MI  Mm 

....I  \  .  .. 

Ml  MTM 


iWT 


-Do 
Do 

n.  a. mumjmm\». ler^b.'n'.n ^..^iot 

Do       5a im 

Oofbaded.8s „  -1 

^^Stia." ""■  '    •"'•*••'    •.01'#W» 

*>  * vm    •'i 

*>    •• .  ..  85    ( 

.>• .vm     98    I 

5a,  "- 


Do 


s: 


July  n. 

M»  -  - . 
loriJki  >la8M 
108^— 


.85 
101 
101 

001 


90 
99 
99 


10*M' 
108    I       , 
187    f^H 

lOSMi   Mi 


95    (   .85 


101 

tin 


0.  B.1I 
Maw  5* 


1887., 


.IMH 


i 


Ta**.     W*d. 
M  9-16    94  »-18 
M  9-14      94X 

Thar.       Fn. 
•4  7-14      94  &-19 
94  >-18      94  7-18 

atea   Os   (1808 

)   at    Frankfort 

Tbt    qaotacloBS    lor   (Taitad 

U.B.8s(Mte)l881 

Utwfttl  Omm  M»rkil.-^am  Bpaoial  raport  of  ootton. 

Uurfmt  Brtadilmfi  MmrktI.    Bwadstnffii  close  buoyant  at 
an  advance. 

Bat.  Maa. 

a  i. 

PloarCWasiara). 9bbl  98   8  J. 

irk*al(le«ira.fpr).tetl    9   8  9 

••     (RadWiatar)    ..    "       -•■         s  

"      {CbLWhlU  dab)  ••    10   8  o         10  10 

UorntW.  aiz*d)«qBarter  38    9  ".         34    0 

P*as(aaaadlaa).  .•  oaarter  44   0  44   0 

Uttrfool  Protii(«ni  Markst. — Pork  and  lard  are  higher  than 

a  week  ago,  while  cheese  closes  the  week  Is.  lower. 

Sat.  Hoa.  Taea.  Wad. 

ad.  a.  d.  a.  d. 

Beet (a«ea)aaw lice 65   0  •»  «S    0  65   0 

tek(B«e*)Bew«bbl...       77    8  |  77    6  79    0 

Baeoa(loacd.Brd.)Vewt    53   8  ^  53    6  53    6 

U(«  fiaaricaa)  ...    "        80   0  n 
OhsaeeCAaer'n  lae) 


Tbm. 
a  d. 
96  0 
9   9 


Wad. 
*.  d. 
96  0 
9    8 


11 
34 
44 


00 
37 


80    0 
57    0 


60    0 
51    0 


Thnr. 
s.   d. 
96    0 
9    9 

li'i 

34    6 
44    n 


Thnr. 
s.  d. 
43  0 
80  0 
^8  6 
80  6 
54    6 


Fri. 

s.  d. 
t«  8 
10    1 


II 
34 
44 


PrI. 
s.  d. 

6ft    0 

ao  0 

83    6 

61    0 
66    0 


180 


I 


THE   CHRCMflCIfe 


[August  7,  1876. 


lAverpool   Produce  Market. — Tallow  is  6d.  higher  than  on 
Friday  last.     Other  prices  uochanged. 


Hat.       Moo.      Taea.      Wed.      Ttanr. 


♦  cwt.. 


•»8» 


KoalD  (common), 

"     (Ine) 

Petroleaai(refliied). 

"        (splilts) 

Tallowf American)...*  ewt.  41 
0Iov«r8eed(Am.  red)..  "  87 
Spirits  turpentine "     ii 


t.  d. 


s.  d. 


■.  d.      e.   d. 


6    0 
18    0 


•Frl. 
B.  d. 
6  0 
16    0 


41 

5 

41 

87 

0 

87 

n 

ti 

•ii 

London    Product    and  Oil  Market). — Prices    generally    rule 
lower  than  last  week. 

Sat.  Mon.  Taes.        Wed.       Thur.         Frl- 

£   «  d.  .  £   8.  d.     £  a.  d.   £    B.  d.   £   s.   d- 

Uae'dc'lco(obl).V  tE  10  15    0  :  10  :5    0    10  15    0    10  15  0    10  15    0 

Uaseed(Calcatta)....       51    0  |^  51    0        61    0        510         51    0 

SagarCNo.  13  O'ch  atd)  -3 

onapot,  Mcwt S36  3  336         236         !3  6 

Spermoil Vtun.  J}    00  m  93    009SOOU2    00 

Whale  oil "3400  :  31003400    8100 

Un8eedoll....y  cwt.        84    3  :  84    3         S4    3          14  3 


33 
92  0 
34    0 


(fiioinmcmal  anb  iitisceUaneoue  N^ujb. 

(MPORrs  AND  Exports  for  thb  Wbbk. — The  imports  tbi» 
week  show  a  decrease  in  both  dry  .goods  and  e-eneral  n:er- 
chandise.  The  total  imports  amount  to  |5,803,769  this  week, 
against  $7,001,511  last  week,  and  $6,641,229  the  previous  week. 
The  exports  are  |4,335,683  this  week,  against  |5,793,288  last 
week  and  $5,303,632  tlie  previous  week.  The  exports  of  cottoo, 
the  past  week  were  1,495  bales,  against  5,617  bales  last  week. 
The  tollowingarethe  imports  at  New  Vork  tor  week  ending  (for 
dry  goods)  July  39,  and  for  the  week  ending  (for  general  mer 
chandise)  July  80 : 


FOBRISH  IMPOBTa   AT   NSW    XOllK   rOB  TBI   WBKB. 


1878. 

Dry  gooda $3,169,419 

General  merchandise...       6,365,932 


Total  for  the  week.. 
Previoaaljr  reported.... 


18,535,341 
861,997,795 


1873. 

{3.309,919 

3,103,169 

$5,413,088 
S40,U5,973 


1874. 

$S,.;04.506 

3,904,333 

$7,208,7« 
339,175,023 


1876. 

$3,118,366 

3,685.401 


$6,803,769 
201,100,766 


Since  Jan.  1 $260,633,156     $345,658,060      $243,383,750    $206,904,535 

In  our  raport  of  the  dry  goods  trade  will  be  found  the  importsol 
dry  goods  for  one  week  later. 

The  following  is  a  statement  of  the  exports  (exclusive  of  specie) 
(romtheportof  New  York  to  foreign  port8,for  the  week  ending 
August  o : 

BZFOBTS  raOM  NBW  TOBK   FOB  THB   WBBB. 

1872.  1873.  1874. 

For  the  week $4,053,332         $6,096,234         $6,1E7,917 

Provloaaly reported..  .      124,277,797      162,895.896        170,605,103 

Since  Jan.  1 $128,330,129     $168,995,130     $175,;63,020     $148,277,999 

The  following  will  show  the  exports  of  specie  from  the  port  of 
New  York  for  the  week  ending  July  31,  1875,  and  since  the 
beginning  of  the  year,  with  a  comparison  for  the  corresponding 
date  in  previous  years  : 


July  S9— Str.  Wieland Hamburg Silver  bars 

London Silver  bars 

Mexican  dollars 

French  silver  coin. 

Paris Silver  bars 

July  31— Str.  City  of  Kichmond.Llverpool Silver  bars 


$41,896 
72.000 
10.000 
8,600 
68,100 
30,000 

Total  for  the  week $2.30,596 

Previously  reported 67,683.134 

Total  since  January  1, 1875 $58,113,729 

Same  time  in—  I     Same  time  In— 

1874 $34,087,250  11869 $21,926,.506 

1878 38.109,050  11868 59.688,157 

1872 64,801,039  I  1867 37,427,856 

1871 51,*3,016  I  1866 51,824,771 

1870 37,797,903  I 

The  imports  of  specie  at  this  port  daring  the  past  week  have 
been  as  follows: 
July  26— Str.  Claribel Savanllla Silver 

Gold 

July  26— Str.  Acapulco Aeplnwall Silver 

Gold 

July  J6— Bark  Curacoa Cntacoa Silver 

Gold 

Jnly  28— Str.  Tybee  St.  Domingo... Sliver 

Gold 

Jnly  30— Str.  Cuba Havana Gold 


Since   the  commencement  of    the  year  the   transactions   on 
speculation  and  for  export  have  been  : 

.— Actnalexp.from       Actual 
L!v.,  Hull  k  other  exp'tfrom 


$3,299 

4.897 

21,031 

6,105 

460 

2,400 

560 

886 

49,600 


Total  for  the  week $88,718 

Prevloualy  reported 7,8!j7,353 


Total  since  Jan.  1  1875 $7,976,071 


Same  time  in— 

1874 $3,041,822 

1878.     .      8.885,083 

187S 2.790,931 

1871.. 7,424,449 


Same  time  in— 

1870 $7,360,688 

1869. 9,784,778 

1868 4,264.010 

1867 1,743,668 


BaROPBAN  Cotton  Markbts. — in  reference  to  these  markets 
our  correspondent  in  London,  writing  under  the  date  of  July 
21,  1875,  states : 

LilVBBPOOL,  July  32. — Thefollowiug  are  the  prices  of  middling 
qualities  of  cotton,  compared  with  those  of  last  year: 

.-Pair  &  -Good  &  ^Same  date  1874- 

^Ord.AsHId^      g'dfair->  Fine.-^      Mid.  Fair.  Good. 

8eal8land 16         18           19       20  23       34       19       22       26 

Ploridado  HH      Wi       17       18  SO       ..         17       18       20 

Ord.  G.Ord.  L.Mld.      Mid.     G.Mld.  Mid.P.  Mid.     G.Mid.    M.P. 

Upland..  6K      fiK         6  11-16    6  15-16  7«          7H  8  8-16      8>f          8J< 

Mobile...  6H      6Ji         6X           7             73i          7K  188-19       8X          iJi 

Teia8...6K     «X         6X  7  7Jf         -.%  

N.Orrns.  iii     6M         i'A          7  8-16    1\         8^  iH          6X          9X 


1876. 
balea. 

American 151 ,840 

Brazilian 6.330 

BL'yptlan,  Ac.  11,090 
W.  India,  Ac.  1,710 
B.  India   Ac.  60,670 


.—Taken  on  spec,  to  thla  date-. 


1874. 

bales. 

140,740 

18,100 

13,010 

8,180 
43,520 


1878. 

balea. 

99,370 

2.540 

6,090 

920 

41,280 


outportatodate^ 

1875. 

1874. 

balea. 

hales. 

55,867 

70,689 

16,918 

H,560 

3,600 

5,561 

10,494 

7.010 

122,788 

159,583 

U.K.  In 

1874. 

bale;. 

105,180 
39,980 
12,470 
26,000 

601,000 


ToUl 229,410         817,550         150,140        209,567         267,21 

The  following  statement  shows  the  sales  and  imports  of  coti  on 
for  the  week  and  year,  and  also  the  stocks  on  hand,  on  Thurrdiy 
evening  last : 

BALBt,  BTC,  or  ALL  DBBOBIPTIOHB. 

. Salea  this  week ,  ToUl  Same 

Ex-  Specula-  thla  period 

port     tion.  Total.  year.        1874. 

"   ■" 87,860  l,O0.'i,7.30  1,211,410 

6,210  269,380  235,010 

8.910  135,480  173,050 

1,.390        2,6901     ,  ,™, 

910  47,800  44,980  f    '••*™ 

12,920  491,800  533,870    11,290 


Trade. 
Aiuei'ican . .  balea  .87.850 

Brazilian 4,550 

Egyptian 3,160 

Smyrna  A  Greek  I  ,j^ 
West  Indian....)  "" 
Bast  Indian 9,080 


9,820 

1,260 

200 


360 
4,400 


4,650 
400 
500 
20 
660 


883,680 


Average 

weekly  sales 

ISW.      1874 


32.900 
8.760 
6.210 


36,810 
6,890 
6,650 
1,000 

10,690 


Total 45,190  16,840     5,780     60,810  1,952,680  2,200,990  59,420    60,340 


-Imports.- 


To  thla  To  this 
Thla        date        date 
week.       1875.        1874. 

American 18,533  1,.327,254  1,403,369 

Brazilian  ....    9,450     306.405     318.037 

Egyptian  ...       752 

Smyrna  A  Gr'k     

W.Indian....     1,621 

East  Indian...  19,694 


Total.... 


167,681 

2,381 

31,347 

468,141 


179,338 

1,968 

39,814 

443,106 


Total. 

1874. 

1,919,030 

494,040 

297,124 

2,638 

97,788 

818,058 


This 
day. 

591, S90 

118,680 

76,4.30 

5,010 

8,030 

838.620 


-Stocka.- 

Same 

date 

1874. 
4.36,170 
166,380 
88,170: 
1,830  1 
27,560  f 
861.910 


Dec.  31. 

1874. 

374,780 

82.52C 

73,660 

23,480 

230,210 


45,250  2,883,179  2,390,687      3,658,678  1,035,660     982.010    684,710 

Return  of  the  quantities  of  cotton  imported  and  exported  at  the 
various  ports  of  the  United  Kingdom  during  the  week  ended 
the  3Sd  day  of  July,  1875  : 

Imports,  Bales.    Exports,  Bales. 

American 13.582  5.312 

Braziiiaii 9,399  1,107 

Eastlndlan 19,439  5,675 

Egyptian  752  146 

Miscellaneona  3,028 


Total 46,194 


368 
12,608 


Evansville  Owensbord  and  Nashville.— On  application  of 
a  number  of  the  creditors,  the  United  Ktates  District  Court  at 
Louisville,  Ky.,  has  declared  this  company  bankrupt.  Mr.  K.  S. 
Triplett,  of  Owensboro,  Ky.,  has  been  appointed  receiver  until  an 
assignee  can  be  chosen  by  the  creditors.  A  meeting  for  that  pur- 
pose will  be  held  August  10. 

Iowa  Railroad  Land  Company.— The  sales  of  the  Iowa* 
Railroad  Land  Company  during  the  month  of  July  last  were  as 
follows:  14,89362  acres  to  164  purchasers,  for  (including  105 
town  lots)  $119,073.08.  Cash  collections  for  the  montb,  $S0,- 
838.90.  The  lands  of  the  Iowa  Railroad  Land  Company  are 
wholly  situated  upon  the  lines  of  the  llliuoia  Central  and  Chicago 
&  Northwestern  Railways  in  Western  Iowa. 

Pennsylvania  Railroad. — The  Board  of  Directors  have  deter- 
mined to  declare  quarterly  dividends  hereafter,  instead  of  semi- 
annual, and  have  just  declared  the  first  quarterly  dividend  of  two 
per  cent,  out  of  the  earnings  of  the  past  three  months,  payable 
on  the  30th  of  August,  on  all  the  stock  of  the  company  as  regis- 
tered on  the  31st  of  July.  It  has  been  customary  heretofore  to 
close  the  transfer  books  ponding  the  payment  of  a  dividend,  but 
in  this  case  the  Board  of  Directors  have  ordered  that  the  transfer 
books  shall  not  be  closed  at  all. 

Portland  &  Ogdenshurgh.— The  Portland  &  Ogdensburgh 
Railroad  will  be  opened  for  travel  through  the  White  Mountiin 
Notch  during  the  coming  week,  and  trains  will  run  from  Boston 
and  Portland  to  the  Fabyan  Houte,  where  connection  will  be 
made  with  the  Boston  Concord  &  Montreal  Railroad.  The  Con- 
necticut will  be  bridged  at  Dalton,  N.  H.,  immediately,  and 
within  sixty  days  it  is  expected  that  connection  will  be  opened 
with  the  Vermont  division  of  the  Portland  &  Ogdensburgh  Road. 
The  completion  of  the  entire  road  will  give  the  shortest  route  be- 
tween the  lakes  and  the  Atlantic.  Messrs.  Fairbanks  &  Co.,  the 
celebrftted  scale  manufacturers,  are  largely  interested  in  this  road, 
and  on  its  completion  to  St.  .lohnsbury,  will  have  about  20,000 
tons  of  freight  a  year  to  send  on  it.  Messrs.  Hassler  &  Co.,  of  7 
Wall  street,  are  now  offering  a  few  of  the  six  per  cent  gold  ixinds 
of  the  Vermont  Division  at  81i.  . 


BANKING  AND  PINANCIAL 

EAILKOAD  BONDS.- Whether  you  wlah  to  BITY  or  RBI,!.,  write  to 

HASSLKR  A  CO.,  No.  7  Wall  street.  N.  T. 


STOCKS 
Dealt  in  at  the  New  York  Stock  Exchange  bought  and  aoia  by  ua  on  margin  of 
five  per  cent. 

PRIVILEGES 
Negotiated  at  one  to  two  per  cent  from  market  on  members  of  the  New  York 
Ezchanire  or  responsible  parties.    Large  sums  have  been  realized  the  piisi  30 
days.    Put  or  call  costp  '^:i  100  shares 

$106  25 
Straddles  $250  eac'.  ,  cuutrol  200  shares  uf  atocK  for  30  days  without  further 
risk,  while  many  thousand  dollars  profit  may  be  gained.    Advice  and  informa- 
tion furnished.    Pamphlet,  containing  valuable  statistical  information  and 
showing  how  Wall  street  operations  are  conducted  sent 

FREE 
To  any  addreaa.    Orders  aoUcited  by  mall  or  wire  and  promptly  executed  by 
'8u    Address, 

TUUBRIOGS  A  CO.,  Bankers  and  Brokers 
.No.  S  WaU  steeet  N. 


Angnat  7,  18  6.] 


THB  CHR0NIC5LE 


131 


^l)t    6 ankers'    (3a}tilt. 

NATIONAL  BANKS  OBe.4?flZ8D. 

The  United  Suum  Comptroller  ot  the  Currency  famishes   the 
folloirinK  statement o(  Xfttionml  Banks  orifanixeU  the  psat   week: 

t.lM-ButOB  lUtiond  Beak,  Barten.  Vt.  AathorlMilcapiua.  tiao.O(iO;  paid- 
in  capital,  tmjm.  Hiiam  McLallsB,  Preitdaot:  B.  K.  Dewey, 
CaaUar.    Antboriaad  to  eommeoca  healaaai  Jal?  SO,  tsn. 

M>l-KaTBleoa  Natioaal  Baakof  l>hlladaipkla,  Peaa.    Aoikoriaad  capital, 

rB,ailO:  pald-la  oapUal.  $»o.0O0l    Okarlaa  M.  CUnaao,  Preatdeal ; 
B.  wlawell.  Ouhler.    Aathoriaad  to  commaaea  baaiaaaa  Joly 
ao.  IfflS. 

DIVIOBHBM. 

The  roHowlBc  Dlrldead*  iMTe  receaUf  baas  annoaaead : 


C^mrAMT. 


Ballroa4a. 

fUsTilsall  *  Pltubargh,  goar.  (qoai.). 

Fwaailwla  (qaar.) 

Biaadianaek. 

ttaaks 

Bank  of  tke  Maahatua  Oaapany 

St.  Nlcholaa  Nit.  

lasaraae*. 

CttyPbe 

NawTorknn 


Onrr. 


4 


Wan  I  Books  Cumbp. 
^AaLa.  (DaTa  IsdislTa.) 


Sept.    1  Aoc.  11  to  Sept.  1 

Aaf.  10  

Aac  le  

Aoc-  ie|  

Aac.    *>ac.  t  to  Aag.  a 


ramaT.  Aacoat «.  UTS-S  P.  M. 

Tka  ■•■•r    Markat    ■■<    Flaaaelal   attaaUoa. Since 

the  temporarrezcitamentarislD(;frnm  tbefailareof  the  prominent 
banking  boose,  relened  to  In  our  lii.«t  report,  there  has  been  noth- 
int;  of  importanoa  to  disturb  the  quiet  ot  llnaaeial  circles.  The 
opinion  tbea  axpraaaed  that  the  failare  was  owini;  to  special 
eaoaes,  and  nol  at  all  the  reauU  of  Ukj  ansoaodaeas  which 
aftetad  oUter  haaklitg  boosaa,  seems  to  bars  bemi  prored  cor 
ra^  aa  tha  momty  Marksl  haa  relapaad  iato  its  tormer  extreme 
ease,  and  the  stock  aad  gold  markela  iSMted  qolcklj  to  their 
prerioos  condition. 

The  mooejr  market  continaea  eitraoaaljr  easy  at  1^  to  3|  par 
rant  oo  call,  and  3i  to  8  per  cent  on  piina  paiwr,  aeeordlac  to  its 
Krade  aad  the  time  It  has  to  run.  Tha  rataa  oa  paper,  as 
might  oatarally  ha  ezpaetad  toward  tjie  close  ol  summer,  are 
hardaaiag  aiightljr  on  loag  4ate  |iap«r,  bat  this  la  merol/  pre- 
•aoilonarj,  and  there  has  aerar  baaa  a  time  whea  tha  opinion 
ha*  been  more  general  at  this  lime  of  ysar  that  tha  moaey  mar- 
ket would  oontinoa  aasy  throaKhoul  tha  aetive  Fall  saa»>o. 

On  Thuradar  tha  Bank  of  EoKland  laported  aa  ioeieaae  in 
boIUoaol  £08,000  for  the  we'k,  and  tha  rate  of  diaeoaat  an- 
ehaaged  at  $i  per  cent,  nooex  id  tha  opaa  market  being  i  per 
eant  lower.     Tha  Bank  of  Frmocn  lost  0M,OOO  (rases  in  spoeia. 

The  Boraau  of  Sutlatics  at  Waahiagton  has  now  eomptlad  Its 
prsttmiaa'7  report  of  ttttieoaimer  ''altad  States  for  the 

IimI  r«Br  aMliag  Jaaa  SO,  1873.  i>ort  U  lasaed  much 

iBoi*  prMiptlr  than  aaual  her<<tor.>.-,  .u  i  m  therefore  of  more 
present  ialaraat,  we  give  the  following  flgvraa : 

laiaan  OPte  raa  cjona  wana 


•«SS.W,M 


|>U,MMH 

«.m.«a 

Total  expert*  of  epsela IMbaMM  •n.UUtt 

The  last  weekly  autstsat  ol  the  Haw  Terk  City  Claannff 
Hoaae  Bank*,  ia»ued  Jaly  St,  ahowrd  a  daaraaao  of  ftnjOOO  in 
the  eseaas  abore  tbair  35  per  cent,  legal  raaerro,  the  whole  of 
such  euaas  being  t»J»l/n\  a^laat  |l|,in,490,  the  prerioas 
week. 

Th»  foltowiag  table  shows  the  ebang«  tiom  the  previoas  week 
aad  a  eonpartsoa  with  1874  and  1S73: 


-wn. 


iaiTM.       Jaly  SI.      D\tm 
njMI^M     lATRjnoDrc.    U 

,m   ibfM^iw  o<c 

—    aijIMLiaoDec. 
*"  Inc. 


ItN. 
Asa.  I. 


un. 

Aaa.a. 


•i.Tii,Mo    n.m.aoB 
Mi;i«MN  ma«t.«n 


OBi<a«  atataa  ••■«•.— OoTerniaaal  sanritlea  bara  ibown 
eoartdiiahle  straagth  oa  a  Boderaio  boalaaas  at  the  Board.  The 
•baagaa  la  g>ld  aad  oneartalnty  aa  to  Ita  falare  moremeou  have 
had  tba  aAt«  of  ■■aallltag  the  market,  bat  withoat  abaklog  out 
any  largo  aaoaat  el  boada  from  the  kaads  of  piaoaat  boMeni 
P*«  tka  «D«alara  af  ptHata  bankers  we  ba*e  heard  of  sooie 
large  ttaasaetioos.  aad  la  sareral  inataaesa  the  parehasa  nf  round 
Iota  by  fiaaadal  eorporatloaa.  The  aoeeaH  mtft  with  in  the  salee 
of  aaw  BTea  abroad,  and  the  steady  dsiiisiiil  for  OoTemmeat 
boeds  here,  point  lo  a  probability  of  a  iMsasJ  la  setlTlly  aa  soon 
aa  tha  gold  market  beeosMe  more  settlal  . 

<Xoilag  prtoao  of  •aaofMao  la  bondoa  hsro  basa  aa  follows : 

BUkaat. 


O.B.«s,Mra.MB,aU. 

D.B.a*,Mra.i«n 

a^la,l*4ra  


^ 


*!«• 


tnji 


.„    ,  mx  I  '-oti 

low     MM     lOtH 

mx\u*%\  iMH 


-i- 


Loweat. 


mir  Apr.  _ 

IMM  J>**  K  IMW  M*/     t 

imx  P<k.  1«  \MH  J'lf  »\ 

m     Apr.  It  IMK  Jxlr  at 


iOili  Apr. 


(Tloainfr  prieea  dally  have  been  as  follows  : 


ta.lSSl reg. 

•a.  1881 coup. 

ta,  S-tO-*,  Utt  rec 

«*,»W*,  18tS....coap. 

<^  5-tO-*,  1884 ree 

fa,  5-tO'*,  1864 a>op. 

aa.A-«0>*,  ISH ^mt 

(a,  VM'*,  188S coop. 

•a,M0'a.l88S,n.  I.,  reg. 
ta,t-S(ra,t8(BD.i.,coap 


•a,s-«r*,isn 

ta,  &-«)■•,  18(7... 

••,5-to-*,isa8... 

aa,5-lira,  1888... 

Sa.10  40'* 

ta,l(MO'* 

ta.  fnnded.  1881. 
aa.faaded.Uil, 
ta.Oaneaer 


reg 
coup. 

...rep. 
.coop. 

...reg. 

.coop. 

...reg 

..coap. 

...reg. 


Int.  period. 
Jan.  t  Jaly 
Jan.A  Jolj 
May  A  Nov 
.May  A  Not. 
May  A  Not. 
.May  A  Not 
May  A  Not 
.May  A  Not. 
.Jan.  A  Jaly 
.Jan.  A  Jaly 
.Jan.  A  Jaly. 
Jan.  A  Jaly. 
.Jan.  A  Jaly. 
.  Jan.  A  Jaly . 
Mar.  A  Sept. 
Mar.  A  Sept. 
. .  Qoarterly . 
...Quarterly. 
Jan.  A  Jaly. 


Jnly    Ang.    Ang.    Aog.    Ang.    Aug. 

81.        I  S.  4.  6.         6. 

ISO       1!9J<    119X  •!«     »HOX  •I«0« 
•IMii'ltOK    liOX'lJOX    H13<»1s1j5 


115 

•H5    •iiBx»ii6 

IISV 

nSX  MISV    118 

11- 

118^  'IIS^'IISK 

UfV 

•:i8X  •llSii  •118,'< 

1>H 

•118K    IISH'IISX 

iltiJi 

i:8j<   n8)<«ii8K 

ii^<>i 

•IISK  •n»K  'ItO 

130 

•180K    IKM    l*OX 

U»x 

•mx  *i»x  'itox 

ISO 

IMX    1»J»-    'MX 

I16Vi 

•i;j),-»ii4«»ii4X 

U6\ 

•n«x  'iisx  •in« 

'lux  'lis     »UbX 

1!« 

»iUX  •»»     Jt»x 

It* 

•lu    •Its     mx 

•115« 

*nix 

'V.SX 
•119 

119 

119 

IMX 

liOX 
•1»X 

lil 
•1U« 

•inv 

1I5X 
11S« 

•1»J< 


*U6X 

*mx 

*inx 

nsx 

•119 
118K 

•lioS 

•HI 

•Itl 

•114X 

•inx 
116X 

mx 
*mx 


•ThI*  1*  the  price  bid  :  no  taU  waa  aiade  at  tha  Board. 
The  ranite  in  prices  since  Jan.  1,  and  the  amount  of  each  class 
of  boada  ouiatanding  Aug.  1, 1875,  were  as  follows: 

, — Baage  since  Jan.  1. — •  ^—Amoant  Ang.  1,-^ 

„                                      Lowaai.         Hlgbeat.     Beglstered.  Coupon. 

••.>!« reg.. 118     Jan.    5|ll«JiMay  t»»lft,a6»,8M        $ 

■a,18Bl coop..  nsK  Jaa-    SlMMJunalT           aMI0,8W 

ta.8-tira,l8n. coup     114  W  Jan.    t  118 K  Apr.  IS            I8.IB0  t»JBn,t»» 

U,i-W$,MM coup..  11.-.V  Aug.    i  l«l     Apr.  IT      t«.a(M.400  Jt,«8a,4M 

la.V10'*,l8<ft coop..  IlTvj  July  ttlttK  June  IS     3S.TM,oaO  118,741.880 

l*.»-«r*,iau,Bew.coap..  1I7>,  Jan.    8  1*4XJnnel7      ii.SB».*O0  144,SaR.7(» 

t*,  S-tO**,  1887 conp..  list,  Jan.    VJIi&Ji  June  tS      88.698,160  «tl.9«  600 

ta, l-tra,  1818 coup  .  118    Jan.    •l«8.SJanel8      t4.4«t,SCO  ta,06t,6lO 

S*,IMra reg..  llt><Meh.    MlSMJonalS    ltl,814,8&0  .... 

»a.lO-tra coop..  lUKMeh,  4  1li>liJaoe  7          5t,9S1.6A0 

ta.faaded,  l8ai....coap..llSK'aa.    tilt     JunetB    808,841,880  tlt.4M,«00 

ta.CarraeCT reg..  117^  Jaa.    4  IMX  Apr.  M     84.888.618  


Btate  aad  Ballroad  Boata.— There  baa  been  very  little  done 
in  Slate  bonda  beyond  a  tew  salee  of  Tennessees,  of  which  the 
price  lo-day  was  SU  for  new  series. 

Railroad  bonda  hsTe  been  aetiTO,  and  aome  of  the  Northwestern 
and  St.  Paul  lafoea  buoyant.  The  leading  issue  was  the  Chicago 
k  Northwaat  consolidated  gold  bonds,  which  were  dealt  la 
largely,  and  advanced  to  88{,  selling  back  to  87|  to-day.  The 
PaeiBc  laaues  were  alao  ia  Caror,  as  usual,  and  their  prices 
firm.  There  were  sales  to-day  at  the  Board  of  $8,000 
Centra]  Padflc  land  Krant  bonda  at  961390f,  this  being  their  first 
sppraranoe  In  the  official  liat.  Ohio  and  Mls-issippl  JM  mortgage 
bonds  hare  sold  down  to  70,  and  it  Is  difficult  to  account  for  so 
low  a  price  on  a  7  per  cent,  mortgage  bond,  except  upon  the  sup- 
tiositloe  that  the  holJera  fear  a  posalble  default  in  the  interest, 
bowefer  ill-founded  their  fears  maybe.  The  company  baa  not 
recently  reported  its  earnings,  aikd  this  has  probably  helped  the 
decline. 

Daily  closiaff  pr*ees  of  a  law  leading  bonds,  and  the  rango 
slaee  Jan.  I ,  have  been  as  follows: 


,eM.. 


Jaly 
IL 
**Taaa.,  *«•*...  'isk 
till. Oar  -■* 
•an.  Oar 
OVtrg.. 

•aiie.'iaaiibeaa*  mik 
».X. &*■.  litis  ni« 


Aaa 

I. 


aj. 


*J* 


alM 


Aag.  Aus. 

..  .    ni       TS       •» 
•10       •»       •»       "IS 

■*i    •6    •mn  •MH 
•<•      ....  'ta     'MK 


8/Ri«t"  sfg  as  ISi 

4->      m.f.f..     »«H    •>«    •« 


■rtetstM.T* 
>.  J.Oaa.lat  7* 
rt  Wayaa  la«  7*. 


S.  P.t*..      »^H      M' 
M.7*.....  •IISH  !«!M 


litjt 
rtwaraalatl*.    Mil 
■ee<7*MI*i1B..    *MBM 

n 


a  a  M.w.  told  ts 


iai«i   

lat    •!«• 

Ill     Mil     •lU     ' 

taiK  McsH  •iiiii 

ITM      MX      «K 


Lowaat. 


Slac*  Jsa 


S  i'i 


JasaM 


18     Mch.p 
I4N  Jsa.  n 


lllt(Jaa.  is 


Highest. 
»S  Jan.  t 
«  Jan.  It 
It  Jan.  1 
aiH  Apr.  S 
46  Jane  7 
B  Jaa.  tl 
lOSX  Jaaatl 
Il7ti  May  17 


nj,  Ian.    t  lutv  JnnsM 

SJaa.  (itiaKJaQsii 
Jan.  »  lOOM  Meb.  t 
t>K  J>a.  >l  MH  July  I 
101  May  nilOI),  Hay  t 
IVIH  I'et.  Ills  Apr.  I 
lOtM  Jan.  7;il4  JnnaiO 
108  Jan.  tlUIMJnn*  1 
7*    June  Ul  t>K  Aug.  4 


•ThI* lata* ane*M4.  aoteitva*  aadaaiia*  Board. 
■allroB*  aaA  ■Iseellaaaoaa  Stoeka.— The  stock  marks  ^ 
has  basa  abeat  as  aetive  as  might  bo  expected  at  this  aeaton, 
with  soma  flactuatioo  in  tone  and  prioaa.  Alter  the  flurry  of  laat 
week  there  was  a  decided  reactloo  toward  higher  pricos,  and 
during  the  early  part  of  thn  presmit  week  the  tone  was  Keneratly 
firm.  An  exception  to  this  waa  Ohio  and  Miaalasippi,  which  tell 
off  about  3  per  cent  to  H{  on  Saturday  last,  and  has  since 
ft aol gated  batweea  that  price  aad  30,  closing  to-day  at  lOf  The 
daelloo  siMiiiis  to  be  based  on  the  espeetatioa  that  the  dividend  on 
prafswad  stock,  due  in  September,  will  be  passed  in  consMi  u«nce  of 
ooeiaMad  tamlags  and  damage  by  floo<is.  To  day,  Weatem 
HalqaTabMaph  was  the  main  feature,  and,  after  opening  at  83i, 
sold aMRrtoBO^  oo  large  tales,  and  closed  at  Slf  The  market 
la  the  morning  waa  generally  weak,  and  declined  on  rumors 
frasly  eif«itlatad  that  Tarioua  houses  were  in  fioancial  trouble, 
tboash  tho  ebaraeter  of  these  rumors  ami  the  fact  ihat  prices 
quickly  roaelad,  gave  the  movement  the  appearance  ot  an  attack 
purposely  made  to  depress  prioas.  The  Western  roada  continue 
to  report  a  material  ineretae  in  earrent  earnings. 

^or  the  pnrpoee  of  showing  the  total    transact  loos  of  the  week 
ta  tke  leading  stocks,  we  have  compiled  the  Ubie  following  . 

pidte      lAka    West's  Chic.  A  Union    Ohio  A 

DaloB.  N'waat.  Brie.  PadAc.    MI«b. 
tl.SOO     «,t00     1,000     1,400 


MalL 

Shore. 

Jaly  81  

..  tS.4M 

0,000 

Aog.    f 

..    '.fi» 

l%400 

.  14.100 

i«.too 

••       4 

..    7,000 

4.TII0 

•a           • 

..  kwn 

18,800 

M              g 

..  HWO 

88.100 

Total 

..  88.700 

100.600 

Whole  Slock. 

.JOO.OOO 

4»t,8S6 

14.180 
11800 
10.400 
6,800 
80,100 


8800 
8,600 

•.AO 
sjoo 

7,700 


8,800 

1,N0 

800 

1,400 
8U0 


800 
800 

800 

400 

1.700 


86,700 
18,800 
6.800 
8,800 
4,800 
4,000 


Wab. 
800 
800 
800 
800 
800 

7.700 


101,900    4<,a00      8J0O      6.600      67,800      9.700 
887,866  14«,880  780,C00  887.460    800,000  160,0     i 

The  last  line  in  the  preceding  Uble  shows  the  total  nambor 
shares  of  each  of  the  stocks,  now  outstanding,  ao  that  it  may 
seen  at  a  glance  what  proportion  of  the  whole  slock  has 
tttmed  over  In  the  week. 


132 


THE   CHRONICLE 


[August  7,  1^76. 


The  dally  hlKbent  and  lowest  prices  have  been  as  follows ; 

SUnrdaj,    Honday,    Tueiday.  Wednaiday,  Ttiurtdky,    Frld», 


July  <1. 
■.Y.Cen.*H.«.  itM     104X 

Harlem m     l» 

■rle US  WK 

Lake  Shore....    «lx  «w 

Wsbaih i\     « 

Northweat 41H  nv 

do      pref.   tsx  Kfi 
Bock  laland...  IKi,  van 

St.  Paul SSK   mS 

Oo  prel....  •S»i«  60 
at.ft  Pac.pref.  I3)<  \3% 
Ohio  AMIaa...  !Sy  ilk 
Central  of  N.J  .'no  lioji 
Uel.,L.*  Weat  IM  12UU 
Haa.  ASt.  Joa.  MX  » 
Union  Paclflc.  "' 
Ool.Chlc.4kl.C. 

Panama 

Weat,  Un.  Tal. 
At.  ftPac.  Tel. 
QalckailTer. . . . 
do  pref. 
FaclUc  Mill... 
Adama  Bxp. . . 
American  Bx. 
UaltodSUtna. 
Welle.  Farto . 


W      i3X 
••H   .... 

131    in 

•14H    .••• 
39)2    *OJi 

iiu    too 

57       57 
•<!       M 

•....    MX 


Aug.  a. 

IM  :04 
•....  185 
14X  14  X 
<1  (SIX 
5X  5V 
41  41 JK 
55  S3X 
105V  IWX 

»X  sex 

5SS    5» 
18X    13X 
mx   19X 

•US     HO 
120     IW 

•....    7» 
WX    TSX 
•4        5 

'ISO     13-2 

nx  8SX 

18X    1»X 


S»X    I9X 


57 

•4a 

81 


Aug.  3. 

104     IWX 

•....ISS 

14X  "X 
61  «1X 
5X  5X 
41X  4'^X 
S8X  »X 
105X  IMSX 
M  3«X 
59       59X 

li"    19X 

109   :o«x 

120X  120X 
24  34X 
TIH   T8K 

•4X     4,X 

88X  S3X 

18  13X 

•14  .... 

•....  23 

89X  40X 

■ICOX  ■•■ 

•57  57X 

•42  44 

•....  81X 


Aug.  4. 

!03K  lOJV 

'184  135 
14X  14V 
MX  MX 
6X  i\ 
4IK  4';X 
55X    55X 

»«»XJ05X 
8«W    8«X 

•5»X    .... 

i»x  i»\ 

108)2  >09X 

'IWX  vxx 

23       24 

■a    78X 

•«X      5 
180     131X 
8«X   83X 
18X  la 
^15 


Aug.  5.  Aug.  i. 
101  104  lOSV  wSX 
:134X  18IK  '134     186 


'31M 


'six  67'X 

•4JX   45 

•80       81 


14X    14S 
«0X    61X 

41X   41V 
55       55 

lOSX  106 
86       3<X 
MX   59X 
14       14 
19X    VO 

10»X  lO^K  ' 

12CX  laux 
23    n 

fin    72V 
*«V     5X 

'130V  132 
82V  83 
18       18X 

;i5X    16X 

8»x  six 

looxioix 

57X    57X 
•42X   44X 

•7ii       81 


14X  14X 
5»X  6U« 
5X  5V 
41  41X 
55  5SX 
105X  105X 

33V  »k 

59       59 
14       14 

18V    19X 
109K  IIU 
12UX  120X 
23       23X 
72X   78 
4        4 
189     132 
BOX   82X 
18V    1*IV 
15X    15X 
21 X   21X 
S8X   39X 
lOlX  lOlX 
67X   57V 
43       43X 
•78       81 


Ttila  la  the  or.v.-t  ))id  and  aike^  ;  no  $ate  waa  made  at  the  Board . 
The  entire  range  from  Jan.  1, 1874,  to  this  date,  was  as  foUowa: 
^-^an.  1, 187S,  to  date- — ,|,___ Whole  year_1874. , 


N.  T.  Ceo.  A  Und.  R...IO0     Ua;'  S8 

Harlem m^Jau.  12 

Brie lljiiJaneSl 

Lake  Shore 67     Jane   1 


Wabash 4J<  June  89   SlJi  Jan. 


Northwest 3i\  June  ;S 

do        pref 47XJunelS 

Rock  Island lOOXMay  28 

81.  Paul  SSXJuneia 

do       pref 51     Mch.    1 

Atlantic  A  Paclflc  prnf.  lay  Feb.  !6 
Ohio  &  Mississippi....  ISXAug.  2 
Central  of  New  Jersey .  105X  Jan.  D 
Del.,  Lack.  &  Western.lOfiX  Jan.    S 

Hannibal  &  St.  Jo 18^  Jan.  32 

Union  Pacific 88     Jan.  18 

Coi.,  Chic.  &  I.  C 3     JnuelS 

Panama llOXJan.  21 

Western  Union  Tel....  70X  Feb.  17 
Atlantic  A  Paclflc  Tel..  '8     July  14 

QuicksUver    13     May  14 

do         pref 20     July  16 

PacUcMail 30J(  Feb.  10 

AdamsExpress 98     Jan.    2 

American  Express 60     Jnne  9fi 

United  States  Express.  42     June   5 


lliKhest. 
107»i  May     8 
1!!8     Apr.  87 
g.'SX  Mch.  20 
eOXJan.     3 


48;<  Jan 
62V  Jan 
lOeji  Mch.  27 
40X  Apr.  9 
6V4  July  20 
18  Apr.  30 
82V  Jan.  2 
180  Apr.  27 
123  Apr.  27 
30X  Mch.  29 
79X  June    1 


9XJan.  14 
172     Apr.  86 

84>i  July  39 

29XJan.  15 

36     Jan. 

44     Jan.    7 

46%  Apr. 
lOtx  Mch.  83 

65  Jan.  18 

66  Jan.  1 
Wells.  Fargo  &  Co 75     June   7|  93X  Apr.  30 

Railroad    Earnlnga— The  latest   earnings   obtainable,   and 
the   totals  from  Jan.  1  to  latest  dates,  are  as  follows  : 

Latest  earnings  reporteo. ,  Jan.l  to  latest  date. 


Lowest. 
95V  Hay  19 
118V  Jan.  7 
26  Dec.  10 
67V  Jnne  19 
18V  Dec.  29 
S4V  July  15 
51  Sept.  10 
82V  June  19 
SiV  May  18 
48  May  5 
lOV  Sept.  8 
SlV  Junel" 

98  Jan.    3 

99  Jan.  2 
22V  Sept.  7 
23     June  17 

8  Sept  3 
101  Apr.  20 
68  Apr.  24 
14  Aug.  25 
22V  Apr.  28 
29  June  29 
3S%  Dec.  21 
92V  Jan.  13 
S8V  Jan.  8 
60  Sept.  28 
69V  Jan.     5! 


Highest 
105V  Mch.  II 
134V  Feb.  18 
61V  Jan.  15 
84V  Jan.  16 
65V  Jan.  16 
68^  Jan.  9 
78X  Feb.  9 
109V  Feb.  9 
49V  Jan.  10 
74V  Feb.  9 
22  Feb.  16 
36  Jan.  10 
109V  Feb.  10 
112V  Feb.  10 
34V  Jan.  18 
38V  Mch.  30 
32v  Mch.  30 
118  Jan.  9 
83V  Dec.  10 
20  Nov.  7 
36V  Nov.  84 
48  Nov.  27 
5!V  Sept.  30 
120  Nov.  18 
65V  Dec.  1 
73  Feb.  9 
84     Nov.  30 


Roads. 
Atch.,  Top.  &,  8.  Fe.  Month  of    June. 

Central  Pacific Month  of   June . 

Ctiic,  Danv.&Viuc.  Month  of  May. 
Chic,  Mil.  &  St.  P.  Month  of  July. 
Oin.  Lafay.  &  Chic.  3d  week  of  July. 
Denver  &  R.  Grande,  ad  week  of  July, 

Illinois  Central Month  of  June. 

Indianap.  Bl.  &  W...  Monthof  June. 
Indianap.  Cin.&  Laf.  Month  of  May. 
Intern'l  &  Gt.  North.  2d  week  of  July. 

Kansas  Pacific Month  of    June 

Keokuk  &  Des  M...  3  weeks  of  July. 
Mo.  Kansas  &  Tex.. .  3d  week  of  July. 

Mobile  &  Ohio Month  of   Jnne. 

Phild.  &  Erie Month  of  June. 

St.  L.  Alton  &  T.  H..  3d  week  of  July. 
do  branches.  3d  week  of  July. 
St.  L.  I.  Mt.iSi  South  .  3d  week  of  July. 
St.  L.  &  Southeast..  2d  week  of  July. 
St  Paul  &  a.  City.&c.  Month  of  Jnne. 
Union  Pacific Month  of  Jnly. 


1875. 

$103,886 


11,000 

65,182 

842,197 

8.264 

6,653 

699,928 

79,3.-i7 

145,892 

16,110 

275,666 

42,788 

48,931 

89,938 

887,158 

14,515 

8,680 

67,500 

14,233 

65,789 

1,034,653 


1874. 

$101,774 

1,366,615 

41646 

749,815 

10,083 

9,550 

692,416 

130,164 

144,872 

15,735 

316.a39 

31,101 

61,995 

180,406 

313.032 

31,734 

10,218 

56,419 

16,740 

71,482 

850,143 


1875. 

<575,1S6 

7,847,000 

283,644 


1874. 

$574,663 

6,323,963 

244,677 


810,373 

188,082 

8,367,288 

586,267 

681,168 

611,844 

1,450,287 

446,674 

1.378,937 

783,336 


613,415 
302,689 

1,798.360 
510,714 
302,370 

6,447,893 


245,136 

18S,107 

3,615,076 

822,693 

728,753 

602,132 

1,619,681 

358,881 

1,686.465 

1,084,270 

648,565 
276,005 

1,595.636 
637.619 
373,429 

5,413,775 


Tbe  Gold  Market. — There  was  no  special  movement  in 
gold  in  the  early  part  of  the  week,  and  the  price  remained  tol- 
erably steady  at  112J  to  113.  Latterly  there  has  been  more 
firmness,  and  an  advance  was  made  to-day  to  114,  leading  to 
rumors  in  some  quarters  that  a  new  clique  movement  would  be 
undertaken ;  as  to  this,  however,  it  is  more  probable  that  pur- 
chases to  cover  short  sales,  and  rumors  of  financial  difficulties 
which  were  freely  circulated  in  the  stock  market,  were  the 
principal  influences  causing  the  advance.  It  is  also  anticipated 
that  gold  shipments  may  soon  be  resumed  on  a  considerable 
scale.  On  gold  loans  the  rates  to-day  were  1,  3  and  2  per  cent, 
per  annum  and  1-64  per  day  for  borrowing,  also  flat. 

The  Treasury  programme  of  gold  sales  for  August  includes 
15,000,000,  $1,500,000  on  first  and  third  Thursdays  and  $1,000,000 
on  second  and  fourth.  At  the  first  sale  of  $1,500,000  yesterday, 
the  total  bids  amounted  to  $7,815,000.  Customs  receipts  of  the 
week  were  $2,651,000. 

The  following  table  will  show  the  course  of  gold  and 
operations  of  the  Gold  Exchange  Bank  each  day  of  the  past 
week  : 

. (^notations. , 

Open-  Low- High- CloB- 

ing.     est.     est.    ing. 

Batnrday,  July  81....  112V  112V  113     liav 

Monday,  August  3.... 112V  113V  113     118V 

-...118V  112V  118     iiav 

...112V  liaj<  118      113 

....113      118      113V  113V 

...116V  113)i  114      113V 


ForelKn  KxehauKe.— The  exchange  market  has  been  firm, 
upon  the  whole,  and  prices  close  to  specie  shipping  point.  The 
supply  of  commercial  bills  is  quite  moderate,  and  the  only  ex- 
change of  any  consequence  coming  on  the  market  was  that  drawn 
in  sight  bills  by  a  leading  house,  against  the  Syndicate  sales  of 
new  U.  S.' bonds  in  Eurupe.  It  is  known  that  these  sales  are 
made  very  freely,  but  as  the  transaction  is  ultimately  only  an 
exchange  of  new  bonds  for  old,  the  supply  of  bills  from  this 
source  is  rather  an  accident  of  the  moment  than  a  permanent 
source  to  be  relied  upon.  Much  satisfaction  was  given  by  the 
definite  announcement  by  Messrs.  Drexel,  Morgan  &  Co.  to-day, 
that  pursuant  to  arrangement  all  the  letters  of  credit  and  circular 
notes  issued  by  Messrs.  Duncan,  Sherman  &  Co.,  and  held  by 
travelers  abroad,  will  be  caslied  or  exchanged  for  new  credits  on 
presentation  at  their  houses  in  London  or  Paris.    Quotations  are : 

. Aug.  6. . 

60  days. 

Primebankers'iterllDg bills 4.87    04. 87V 

London  good  bankers'  do 4.86V04.87 

London  prime  com.  ster  do 4.86    @4.86V 

Paris  (francs) 5.17va5.16V 

Antwerp  (fraucB) B.17V®5  16V 

Swiss  (francs) B.17)4®5.16V 

Amsterdam  (guilders) 40V9    41 

Hamburg  (reicbmrks) 94vS    9SV 

Frankfort  (relchmarks) 94KW    95)2 

Bremen,  (reichmarke) 94va    95V 

Prussian  (relchmarks)...... 94vi3 


95V 


3daya 

4.89H®4.90V 
4.89  ^4. 89V 
4.B8V<34.89 
5.14V@6.13V 
6. 14V  @5. 13V 
5.14V<a5.13V 

41V(»    41V 

96Va    " 

9BVO 

95V® 

95Via 


9S 
96 


The  trausactious  tor  the  weelc  at  the(JuBtoin  House  and  Sub- 
freasurv  have  been  as  follows: 


-Receipts, 


Custom   , — 
House     ,— 

Receipts.  Gold.  Currency, 

July  31 $335,000    $1,315,180  03  $1,360,666  .50 

Aug.    2 330,000  579,0;I3  83     1,088,306  SH 


Sub-Treasury. - 


-Payment8.- 


Gold.  Currency. 

$793,844  39      $983,081  11 

.       .  560,290  iiO        852,216  91 

Treasury  closed-funeral  of  ex-President  Johneou. , 


4 842,000 

5 734,000 

8 410,000 


1,613,673  86 

2.006,120  06 

424,022  13 


1,855,496  65 

754,400  33 

1,963,842  12 


1,613,048  26 
1,180,841  95 
2,115,338  43 


8,809.823  68 

724,534  50 

1,184,860  84 


Total $2,651,000       8,968,094  90     7,033,712  48   6,168,863  93     6,894,617  01 

Balance.  July  80 36,419,887  84  58.807,915  68 

Balance.Aug.  6 35,225,318  81   59.936,111  10 

NewlforK  Cltr  Banhs.— The  following  statement  shows 
the  condition  of  the  Associated  Banks  of  New  York  City  for  the 
week  ending  at  the  commencement  of  business  on  July  31,  1875  : 


-ATXBAGS  AMOtJKT  OF- 


Bankb. 

New  York 

Manhattan  Co 2,050.001 

Merctaants* 3,000,000 

Mechanics' 2,000,000 

Union 1,500,000 


Loans  and  Legal  Net 

Capital.   Discounts.    Specie.     Tenders.  Deposits 
..  $8,000,000    tlli,515.0U)   »2,50S,l«Xl    |l,aa9,00C    ' 


America. 

Phoenix 

City 

Tradesmen's 

Fulton 

Chemical 

Merchants*  Exch'ge. 
Qallatlu,  National. . 
Butchers'&DroverB' 
MechanlcsATraders 

Greenwich 

Leather  Manuf 

Seventh  Ward 

State  of  N.  York. . 
American  Exch'ge. 


1,000,000 

1,800,000 

1,000,000 

1,000,000 

500,000 

300,001' 

1,000,000 

1,500,000 

800,000 

600,000 

200,000 

600,000 

300,000 

2,000,000 

5,000,000 


Tuesday, 
Wednesday, 
Tbarsday, 
Friday, 


Total      , Balances. , 

Clearings.  Gold.  Currency. 
$33,673,000  $1,458,762  $1,693,635 
40,137,000     1,226,576     1,392,614 

1,079,912  

1.703.111 
1,031,540 
1,802,190 


12,901,000 
16,370.000 
16,784,000 
33,824,000 


1,221,521 
1,921,769 
1,432,857 
2,688,566 


Ourrentweek U2V  118iW114      113X  $1*8,638,000     $ $ 

Previous  week 1181^112      116V  113V     337,349,000     1,159,900     1,813,543 

Jan. l,1875.todate... 112V  lllV  117V  113V 

The  following  are  tbe  quotations  in  gold  for  foreign  and  Ameri- 
can coin  : 


Commerce 10,000,000 

Broadway 1,000,000 

Mercantile 1,000,000 

Pacific 422,700 

Republic 3,000,000 

Chatham 450,000 

People's 412,500 

North  America 1.000,000 

Hanover 1,000,000 

Irving 500,000 

Metropolitan 1,0CC,C0P 

Citizens MD,OC0 

Kaasan 1,000,000 

Market 1,000,0('0 

St.  Nicholas 1,000.000 

Shoe  and  Leather.. 

Corn  Exchange 

Continental 

Oriental 

Marine 

Importers'A  Trad'rs 

Part 

Mech.  Ban^'gASBO. 

Grocers' 

North  River 

Bast  River 

Manuf acl'rs'A  Mer. 

Fourth  National 

Central  National... 

Second  National 

Ninth  National.      . 

First  National 

Third  National 

N.Y.Natlonal  Exch. 

Tenth  National 

Bowery  National. . , 
New  York  Co.  Nat. 
German  American. 


1,00(1.(>00 

1,000,000 

1.5110,000 

300,000 

400.000 

1,500,000 

2,000.000 

500,000 

300,000 

1,000,000 

350,000 

300.000 

5,000,001 

3,000,000 

300,000 

i,50o,rct 
5oc,(;oo 

1,000,000 
500,000 

1,000,000 
J50,OCC 
200,000 

1,000,000 
Dry  Goods 1,000.000 


5,838,r00 

440,700 

1,553.100 

9,483,400 

1 ,308,21 0 

3,474.200 

7,I21,90j 

339,700 

1,284.300 

4.444,500 

162,900 

1,247,500 

9'Mi.900 

905,100 

3.5i2.aKI 

3,^97.600 

41S.a)0 

7'J9,300 

5.H4,irO 

736,300 

2,160,000 

3,846,!i00 

56.600 

595.600 

1,545,000 

234,400 

GS8,5O0 

8,544,600 

641,300 

1,488,500 

3,629.000 

57,200 

910.800 

3,969.900 

379,000 

729,900 

3,281,000 

39,000. 

:  01,000 

1.894,800 

35,400 

331,300 

1,.)54.400 

119.300 

3,«8,700 

450,900 

410,300 

1,106,800 

52,000 

323,000 

4,857J00 

321,800 

l,'i41,100 

K,615,l'00 

802,000 

2.20U,(,'00 

18,540,100 

471,100 

4,111,900 

.%50«,60O 

33,700 

1,055,100 

4,350,500 

141,800 

715,300 

1,829,800 

10,600 

1,083,300 

S,467,S00 

«75,S0O 

498,700 

£,26!,900 

134,700 

738,800 

l,3ll»,a» 

400 

308,600 

2,746,900 

47,900 

409,000 

3.551,400 

167,600 

527,800 

2,275,000 

34.600 

716.000 

12.i23,0O0 

253.000 

3,173,000 

1.641,730 

87,000 

362,300 

2,269,900 

29,300 

3^3,900 

2.740,100 

133,500 

466,100 

■J,48»,800 

78,100 

318,000 

3,986,700 

120,600 

1,333,400 

2,668,400 

54.tO0 

800,000 

4,211,900 

90,000 

701,000 

1,632,200 

4.700 

259,100 

2,S>6,b00 

96,(00 

640.000 

15.441,200 

378,800 

4,613,500 

14,033,500 

6;9,000 

6,124,400 

1,067*10 

38,600 

422,600 

683,400 

12,600 

205,500 

968.300 

21,100 

204,900 

'■Th^ 

21,900 

1,000 

175,400 
186,300 

19,140,300 

580,000 

5.778,300 

7,069fl» 

31,000 

1,735.000 

1954,000 

395,000 

6,592,300 

93,900 

2,357,000 

5,164J00 

869,100 

1,912.300 

3,4J«,7()0 
1,452,300 

506,400 

4.288.70O 

4,600 

2.59,000 

3,233,600 

82,800 

425,200 

lAfjm 

2,600 

261.000 

UMfiM 

296,000 

S.3WM0 

2,inSTO 

130,400 
8,500 

1,657,700 
208,000 

Dep 

110,5)5,0110 

4.665,200 

10,003.300 

5.517,800 

3,490,400 

8,910,  ;00 

.<l,16S,-2«) 

5,735,200 

2,396,000 

1,440,300 

7,381,600 

3,304 .6'JO 

2.470,400 

1,661,000 

1,267,100 

!,03.:.600 

2,869,100 

1,119300 

3,99J,700 

9,126.000 

9.134,900 

3.2^1,900 

3,912,500 

2,223,900 

3,129,100 

3,2;R,3('0 

1,232,300 

2,368,800 

2,831,300 

2,410.000 

9,918,000 

1,706.200 

2.149,700 

l.«3e,SO0 

1 ,079,800 

3,412.900 

l,70i,500 

3,326,900 

1,310,500 

2,531,200 

17,614,200 

18,813,100 

1,IX'5,900 

672,300 

836,100 

703.400 

634,3(C 

17,419.400 

6,273.000 

1.787,(00 

7,159,700 

7,342.800 

6,939,100 

997,600 

1,314,800 

936,000 

1,003.000 

4,412,400 

1.629,700 


Circula- 
tion. 

t7,40C 

9,50C 

518,600 

425,800 

"l",2i'o 
c6«,70O 


479,6(10 
454,300 
Ir2,l00 
193,700 
2,700 
243,8(10 
151,200 
341,8('U 
633,000 
1,781.2(10 
882,800 
225,000 

826,400 

265,800 

6,500 

277,800 
136,400 
286,000 
133,300 

214,000 
700,500 
785,000 

4.900 
488.700 

4,000 
322,400 
468,900 


192,400 

2,l(B',io6 
1,337.000 
135,000 
437,5001 
45,000 
49,400 
269.6(10 
B49,3(« 
223.000 
180,(100 


Total 181,085,200 1278,907,700  115.737,200  175,534,000  1261 ,066,100  tl8,576.I00 

The  deviations  from  the  retains  of  the  previous  week  are  a* 
follows : 

Loans Inc.  »1.S58.5(I0 1  Net  Deposits Dec.  11,062,500 

Specie Dec.     1,782,300   Circulation Dec.       23.100 

liegal  Tenders Inc.       518.800 

The  following  are  the  totals  for  a  series  of  weeks  past : 

Aggregai* 


Sovereigns $>  86   &t»  VI 

Kanoleonn 8  88   @    8  03 

X  X  Relchmarks 4  75    ®    4  80 

X  guilders 8  90    »    4  20 

Hue  silver  bars 1  23)4®    123 

Flue  gold  bars V  dfs.@V  prm 

Dimes  and  halt  dimes...  —  90  ®  —  93 


Five  francs — 92   ®  —  94 

Francs —  lev®  —  19 

English  silver 4  80    (4    4  85 

Prussian  paper  thalers. ,  —  70V(^  —  72 
FrussUtn  silver  thalers..  —  TO   @  —  71V 
TradaDollars  -96   ®  -  96 


May  8.... 
May  19  ... 
May  22.... 
May  39.... 
June  5 — 
June  13... 
June  19... 
June  30... 
July  3... 
July  10... 
July  17.. 
July  34... 
July  81... 


Loans. 

iS3.42O.8O0 
285.316,900 
283,600,800 
381.396,500 
281,401..'00 
2)7.997.800 
275,217.500 
276.707.800 
279,397.300 
280,866,800 
279.558.800 
377JS49J00 
378.907,700 


Specie. 

10.100.000 
IU.364.500 
10,634,600 
11.482.600 
10,653,200 
10,'i08,;00 
U. 653.300 

8.847,(100 
13.824.6110 
16,937.300 

16.964.900 
17,519,200 
15,737  JOO 


Legal 

Tenders. 
58.017.500 
59.356.300 
61,022,000 
63,371.900 
<4,«33,300 
M,332,500 
68.900,-200 
71.491,500 
78,S3v,100 
70.661.200 
73.795.300 
79,015.200 
79,184  000 


Deposits . 

227.873,300 
231.921.SO0 
232,129,700 
232,890,900 
233.424.100 
383.163,700 
2.S4.068.1OO 
235,708,000 
245.895,700 
250.405  200 
250.826,600 
252,128,600 
361,066,100 


Circu- 
lation. 
20,188,400 
S0.36S.80n 
20.163.100 
19.921.1(10 
19.790,800 

ig.iM.eoo 

19.142,000 

19.016.600 
13.982.500 
18.854,800 
18301.600 
18,599.400 
16,576,100 


Clearings^ 
513.6il.09j 
447,921.894 
514,257,27^ 
430.141,55" 
482,022,12] 
367,122,915 
433,739.495 
4'24.«64.409 
478.9(12.380 
379,125165 
385,»45.749 
:i«l.S(M,SSO 
392,741,67' 


August  7,  1875.] 


THE   CHRONlCLEi 


133 


SoatoB  itaBka. — Balow  we  glra  •  itmtainent  of  the  Boalon 
XatioDal  Banks, M  rata ruod  to  the  Cle*riog  Houw  on  Moudaj, 
Aog.  3.  1875 

tlJTI.lOO 


4U*aiic. 

AUu 

Bi«ek>coa«.. 

Boatos 

BifUio*.... 
aroutwkf  .., 

CMtnt 

Oal*ahl*B... 
OoaUsMUI. 

>Uol 

Inrait 

rueall  HU) 
Pr««aaa*i... 

Slab* 

aualltia.... 

Bovartf  

<(>aarMMnn'_... 

Mtrcac 

Majaackaaatta 

Mararlck  

Martkaaia' 

■oaaiVaraoB 

4a«  Baclaa^....... 

■•rtt 

OldBoatoa 

Mawaai  

S*oa*L«a>kar 

•lata 

•  tfolk 

Tradafi*. 

Tfamoat 

*«aklactoa 

^Irat 

ItMoadCQraalia),.. 

T^lrd. 

Foartk 

SiaK  or  Coamaraa. 
lakor  H.Aaarlaa 
_  k  at  KadaaMioa. 
■aakariiaaaSle... 
9«aaaa»aatlk 

fSa:::::. 

Iiekaaca.. 
■Ma  *  £aa( 

Bavara 

■•eaniT.... 
t/«lae.  ..  . 
Wakatar  ... 


Uaaltai. 


SaafM.  L.T.  Notaa.  Oapotlti 

^  n  ^ 

SB    am    iRSS 


CI  real. 


1«JU) 

tnjuu 
Mi.lgp 

MUOD 


MAW 


lUJW 


BOSTON,   PHILADBLPHIA,  Btc-Contlnaed. 


aaovarriaa. 


SsSx 

MIJM 


— tJH-JH 


MIJM 


3 'All 
\t:.:v) 
t:t.-.A 

ST-.:* 

IU.'4>. 

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IMJMC 


»<'<» 


■MM        M1A( 


PHILADBLPHIA. 

mrs  AaD  oitt  aoxoa. 
PeanaylTanlaSa.  coap 

do  do    roK 

do  ••,  10-lS.  M 

do          do      M-H.  ii . , 
miadatpbla  b,  ild 

do  te.  Dew 

AJIaabaar  CoaatT  ia,  ooup.. 

FtaabnrtM 

do        9a _ 

do       Tf. 

Hew  Jeraar  Stata  la,  Ezaoiiti 

<.  am  Jen  Coanty  to 

t'asiden  City  7i 

Delaaara  (a 

HaiTlabiirg  Cltj  to 

aau.Boai>  aroosa. 

OiB««B  *  AUaaUe 

4o  do      praf.... 


do        praf  

do        aaw  praf 

Dmlra*  WUllamaport 

■iBilra*  WUllamaport  praf. 

■aat  PaaaarlTaala 

UasUDtJos*  Broad  Top  .. 
do  do     praf. 

Laklcti  Vallaj 

LmiaSekaTliUI 

Mlaahlll 

MaaqaaboatBC  Vallay 


101     WIH 


sS 


.35 


'.DaSnaM*.      hJS 


rawL. WUMJM   IIMIM.I  tU*>JM 

Tkateui  — T-tafdaatanttwfcalra  "it  parautaiiaataf  Ai*.  I,  la 
Thx  lerUUoaa  from  laM  v«*k'«  ratsnaM*  M  iollowa 

>'«>•     taaraaa*.  •MSLM* I  Dai 

.*"■■'.*.   Kawaaaa.  ^ES   CIr. 

Latml  Taadara lacraaa*.      •R.»l 

rkafollowlDK  kr«  tb«  totaUfora  tarlH of  v««kB p«at 
j,|ifY*'  t<>aaa.  »»tu.    l.«»aiTlMB».  fttjtjft  Wrrali 

Jaif  d.'.','.' 
I"l»  It    ... 

lair  M 

A««.J . 

PMIa««l|plite  ■■■>»■— Th>   followtac  la  lb*  »v«iaM 
4ltloa  of  iha  Philadelphia  Natiooal   BmU  for  tha  WMk 

,  Aii«.  2.  :879 


\ng  Ifnodaj, 

••■Ka. 


PkUadalpkto  *  Traaloa 

rkila.,  wilailak.a  Balilmora 

DartadM.  J.Campaalaa 

WaatCkaaureoaaoLptaf 


M3«>      WaMCkaaMI 

mjiW   WaatJaraaT 


OaaaL  aiooka. 
UM*  VaTlfaUoB.. 

■ahartCiU  MinitSiai'.'.'.'.'.'.'.'.. 
do  p(«(.  ... 

aATiBoa>  aovaa. 
inigliayVal.TB-Ma.UW... 
do      M  B.  Bxt..ltw 
do     Iae.il  aad.-M 
■aWMati  DatawwaJat  ■.(.'n 
-••>            da     vTu.  to,-* 
<•           do      M  M.  to.tl 
OMBdaaAABkaf.da.  11... 
Je            do      to,  ■».... 
da           doaort.to.'M. 
Uia.  a  AUaa.  M  a,  k,  (.  i« 
_  do           M«elB.tt(i... 
VMB.  •  Bafllaatoa  Co.  to,  13. 
OBlavioaa,BO««.IIM 

^^^^VVH^H  ^      .  ■  .  ..... 


aaouBiTiaa. 


BALTiinORE. 

Marrland  6a.  doience,  J.  a  J., 

do        to,  exempt.  18{r7 

do        to,  liW,  qnarterlj... 

do        6a.  qaarterlr 

Balttmora  to.l8B4,i)iianerlT 

do        "    —        "    " 


do 
ao 
do 
do 
do 
do 


84,00 

to,  list.  J.  a  J 

to, law,  qnarterly... 

to,ParK,lllK<,  Q.— M 

to,  I'SS.M.a  S. 

to,  exempt, t8,M.a  S 


Bid. 


IDS 
INK 


lOiSf 

IMV 

i3 


Si 


Er*V7lTiMaott.iar<N.  ... 

.^  S  .S».  oaoa'.la,*; 
iaajMaa  M  MfCto?!^^^ 
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•a        da 


da    raa.lM 

v/mt      p       v*       •oa.to.to^nB 

aaatoalil,  ito'.:!!! 


to,  IlUi.     do 

Norfolk  Waur, 8a 

RAiLaoAD  a-Tocxa.     Par. 

Bait  a  Uhlo-Stock ito 

do        Waah.  BraDeii..lia 
do      Parkereborv  Br.  BO 

Nerthara  Central H) 

Weatem  Maryland 80 

Cenlraii  hlo SO 

PlltabnrKb  a  ConnellaTUIe.  BO 

BAILROAI)   HOMOS. 

Bait.aobio  to,  :*r,j.*  J.... 

do         to.lft>s,  A.tf  O... 

H.W.Ta.,  U  M.rnary95,  J  AI. 

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do  to,(old.lHO,J.*J. 

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da  IMl<.,lUt,Ta  J.. 

«u  MM.,  (aaar.)  J.aj 

do  MM.,  (praf.) 

do  a>M.(cr.by  W.-  a.)J.*J. 
.     do     6a,  MM..  ((Bar.)  J Jt  J. 
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IVAIBJNOTON. 

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do  ■I»,IS»! 

aarkai  Btoek  bonda.  Ta.  im. 
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la.ltn... 
road.  Loan  (Cooa.)  I.6»a.  16M 

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MS     Mi 


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a«Bb«ry«Zrla  lat  ■.TlL'n., 
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Warraaa  P.  lata.  la.'M 

WaatCkaatar  eoaa. :§.'>■.  ... 

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do  do  td  Mort.Iia 

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do 


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ab  MoTlaattoa  to.  tl... 


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eODT.,  (."M. 

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ao      l«M.,  OM . 

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aekarikHIHaT.lat  m.to.TI. 
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da  to.  Imp., 'M... 
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do  ll.»oa(acar.lti9 
do         iorlp 


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do 
do 


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OINOINRATI. 

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Cla.. Bam. a  D..  lat  M.,  1  60.7. 

do         do      ldM.,7,-«l... 

do         do      ldM.,l,T7... 

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QenabataXaDlaatoek ... 
Daftoo  A Mieblaaa  nock .... 
do         Ip  e.ifkfaar 
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I.OVIBTII.LB. 

Leatarlllato.iataTI 

do        to,17to1t 

do        Watai  to,'l7to16.. 
do        WaUr  Stock  to,  '17. 

do        Wkarfto 

do       apaclal  tax  to  of  w. 
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do         do   MM. ,7, 

do         do   tat  M.,t,tm... 

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da      Ix>DlaT.Loaa,t.1i 

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de   laU4.(lab.br.ax)7,-t0.1t 

do   Laa.L'na<«h.br.ax)l,1t 

do   Conaol.«t»l..7.1IM... 

/aflkfaoB.,  Mad.  a  Ind 

Uoal*T.,Cla.a  Lax.,praf...... 

do  do         eoramoa. 

LenUTllla  a  Haahrllla 

LOIJIB. 

St  L-oala  6a,  LoDjt  Bonda 

10       Wataili  Rold ■ 

do  do      do  (oaw) 

do  gnd|«  Approann  t.to 

do  Ranawalcold  to 

~    Bawar  ( .  to  (d Ball'M) • 
jklaCo.  law  Park  (.  to. 

Jo        o>,  :i 

AUa  rteine  aoar.  land  rrasla 
lo       JtTM.  ifaoded). 


doB 

BkXoa 


*  ABd  iBtaraat. 


lOls 
ICih 


in 

>(SMI 


134 


THE   CHRONICLE 


[August  7.  1875. 


GENERAL  QUOTATIONS  OF  STOCKS  AND   BONDS  IN   NEW  YORK. 
8.  Bonds  ana  active  Railroad  Stoekt  art  quoted  on  a  prenout  page.    Price*  repreaf.nt  the  ver  eent  value,  whatever  the  par  may  be. 


•«mT»TTT««. 


State  Bonds. 

Alabama  ba,  1883 

do      Sa.isas 

do      Si.lSM 

do      8a,  1888  ;u  >. 

do  8a,  Mont.  *  Knna  B. 
do      8i,  Ala.  *  Chat.  R^. 

do      8s of  18«2. 

Arkansaa  68,  funded 

do  -8,  L.  R.  ft  Ft.  8.  IM 
do  78.  Mpinuhis  ft  L.  11 
do  7»,1,.  K..P.ll.ftN.,0. 
do  7s,Ml6«.(>.  *U.  Klv 
do        78,  Ark.  Cent.  R.  ... 

Uallfornia  78 

do        7«,  large  bonda 

Connecticut  68 

Georgia  6« 

do       78,  new  bonda 

do       78,  endorsed 

do       78,  gold  bonda 

Indiana  58 •^' 

Illinois  68,  coupon,  1817 

do  do.      187» 

do       Warloan 

Kentucky  68 

Louisiana  68 

do  do  new  bonda..  .. 
do        do  new  floating  debt 

do        7a,  Penitentiary 

do        «s,  levee  bonds 

do        8«,        do  ■■■■■' 

do        88,        do         1875. 

do        S8 of  1910. 

Michigan  «8, 1878-78 

do        68,1883 

do       78,1890 , 

MlMouii  6s,  due  In  1875 

do       do  1976 

do       do  187? 

do       d«  1878 

do       do  1879 

do       do  1880 

Funding  bonds  due  In  1894-5. 
Long  bOB.  due  '81  to  '91  Incl.. 
Asylum  or  Unlvers.,  due  1892. 
Uao.  ft  St.  Joseph,  due  187S. 
do       do  do  1876. 

do      do  do  1886. 

do       do  do  1867. 

New  York  Bounty  1/oan,  reg. . 
do         ci't' 
68,  Canal  Loan,  1875. 


IWX 

89 

t8K 

<S 

98)4 
101 
100 
100 
lOi 
Wi 

38 

Si 


100 


aaovBiTiss. 


Bid. 


Bailroad  Bond*. 

(Slock  Exchange  Price*.) 

Albany  ft  Saaq..  Ist  bonds. . . 

do  do      2d     do    

do  do      3d     do    — 

Boston,  Hartf .  ft  Erie,  Ist  mort 
do  do  guar  — 

Bur.,C.RaptdB&Mlnn.  Iat78,  g 
Chesapeake  ft  Ohio  68,  Ist  m... 
do  do        ex  coup 

Chicago  ft  Alton  sinking  fund. 

do  do     1st  mort 

do  do     Income 

Jollet  ft  Chicago,  1st  mort 

Louisiana  ft  Mo.,  lat  m.,  guar. 

St.  Loula.  Jack,  ft  Chic,  lat  m . 

Chic,  Bur.  ft  Q.  8  p.  c.  Ist  ra. . . 

do  do    consol.  m.  78 

Chicago,  Rk.  Island  ft  Faclflc 

Central  of  N.  J.,  I8t  m.,  new.. 

do  do      Ist  consol... 

do  do      2d  mort — 

do  do     con. conv — 

Am.  Dock  ft  Improve,  bonds. 

Mil.  ft  8t.  Paul  let  m.  8b,  P.  I) 


68,  do 
6b,  do 
68, gold  reg... 
68,  do  coup. 
68,  do  loan . 
68,  do  do  . 
58,  do  do  . 
do       do 


ist;, 

1878. 
.1887. 
.1887. 
.1883. 
.1891. 
.1875. 
1876, 


101 H 

look 

lOOX 
lOOA 
lOOX 
H»)i 

ll»X 

\i> 
no 
iiu 


109)1 
lOSJk 
100 

si' 


102 

114 
1U4 

'.oev 

107 

109  " 

99 


Chic,  ft  N.  Western  sink,  fund 


106 


North  Carolina  68,  old,  J.  ft  J. 
A.  ft  O.. 
N.C.KB....J.&  J- 
do  ....A.&O.. 

do  coup  off.  J.  ft  J., 
do  do  off. A.&O. 
Funding  act,  1866,., 
do  1868. . 
New  bonds.  J.  ft  J. 
do  A.  ft  O. 

Bpecial  tax.  Class  1 
do  Class  2. 
do      Claas  3. 


do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
Ohio  68, 1875.. 

do    68,1881 

do    68.1886 

Rhode  Island  68 

South  Carolina  6e 

do       Jan.  ft  July 

do       April  ft  Oct 

do  Funding  act,  1866. . 
do  LandC,  1889,  J.&  J 
do      Land  C,1889,  A.&O. 

do       7s 0fl888. 

do      nonf  undable  bonds. 

Tennessee  68,  old 

do       do  ex  coupon 

do       do       do  new  series 

Texas,  IDs,  of  1876 

Virginia  68,  old 

do       do  new  bonds,  1866. . . 
do       do       do  1867... 

do       do  consol.- bonds 

do       do    exmatudcoup. 
do       do    conBol.  2d  scries.. 
do       do  deferred  bonds.. 

District  of  Columbia  S.658 

Railroad  Mocks. 

(Ar'tine  previoufili/  quoted.} 

Albany  &  Susquehanna 

8entral  Pacific 
hleago  ft  Alton 

do  do    pref 

Chic,  Bur.  ft  Qulncy 

Clcvc,  Col.,  Cfn.  ft  Indlanap.. 
Cleveland  ft  Pittsburg,  guar.. . 

Dubuque  ft  Sioux  City 

Erie  pref 

Hannibal  ft  St.  Joseph,  pref... 

IlJInols  Central 

indfanap.  Cln.  ft  Lafayette 

Juliet  ft  Chicago 

Long  Island 

Marietta  &  Cln.,  Ist  pref 

do  2d  pref 

Michigan  Central 

MorrlB  ft  Ksaex 

Missouri,  Kansas  ft  Texas.  .  ■ 
New  Jersey  Southern 

N  y..  New  Haven  ft  Hartford. 
Ohio  ft  Mississippi,  pref 

Pacific  of  Missouri 

Pitts.,  Ft.  W.  ft  Chic,  guar. . . . 

do  do    special.. 

KenBsetaer  ft  Saratoga 

Rome,  Watertown  ft  Ogdena. . 
Bt.  Louis,  Alton  ft  T.  Haute, 
do  do  do      pref 

Belleville  ft  So.  Illinois,  pref. . 
Bt.  Louis,  Iron  .Mount,  ft  South. 

Toledo,  Peoria  &  Warsaw 

Toledo,  Wab.  ft  Western,  pref. 

inixcella  neons  Ktncki) 

American  District  Telegraph.. 

Boston  Water  Power 

Canton  Co.,  Baltlinore 

Cent.  N.  J .  Land  Improv.  Co. . 

D  laware  ft  HudsonCanal 

A'nerican  i:oai 

Conaolldanon  coal  or  Itfl 

Mnrlposa  L.ftM.  Co.,  ats'tpald 
do       do  pref      '• 

Cumberland  Coal  ft  Iron 

Maryland  Coal 

Pennsylvania  Coal 

Spring  Monntaln  Co*l 


do  Tiiodo. 
78,gold,  R.  D, 
l8tm.,LaC.D. 
Istm.l.ftM.D. 
Istm.  I.ftD.. 
Istm.  H.ft  D 
Istm.C.ft  M. 
Ist  Consol.  ... 
2d  m.      do 


24X 


UOX 


BK017B1T1K8. 


Bid. 


do 
do 
do 
do 
do 
do 


Int.  bonds 
consol. bde 
exl'n  bds 
1st  mort. 
cp.gld.bds 
reg.   do 


93K 


83 
102H 

96>i 
90 
100 
>»'A 


110 
•Mh 

92>i 
90 

94 
84 

sax 

82X 

90 

60 

104' 


Tol.  ft  Wabash,  Ist  m.  extend 
do  do        Istm.St.L.dlv 

do  do       2dmort 

do  do       equlpm't  bda. 

do  do        con.  convert. 

Hannibal  ft  Naples,  Ist  mort.. 

Great  Western,  Ist  mort.,  1888 
do  2d  mort.,  1898.. 

Qulncy  ft  Toledo,  1st  mort.  1890 

Illinois  ft  So.  Iowa,  1st  mort... 

Lafayette,  ni'n  ft  MIbs.,  18tm. 

Han.  ft  Central  Missouri,  latm. 

PekIu,Llncoln  ft  Decatur,  iBtm 

Cln.,  Lafayette  ft  Chic,  IBtm. 

Del.  ft  Undson  Canal,  Ist  m.,  '91 
do  do  1884 

do  do  18ri 

Long  Island  RR.,  1st  mort 

South  Side,  L.  I.,  Istm.  bonds. 

Western  UnlonTcl.,  istm.  7s. 

nil»cellaneons  List. 

(Brokers'  QitouiUone.) 

OITIBS. 

Buffalo  Water 

do      Park 

Elizabeth  City,  due  '95 

••       "    '85 

Newark  City  7s 

Oswego 

Ponghkeepsle  Water 

BocheBter  City  Water  bds.,  '93 
Yonkers  Water,  due  1903  .. .     . 

BAILKOAOS. 

Atchison  ft  P.  Peak,  6b,  gold.. . 
Atlantic  ft  Pacific  L.  G.  6s,  gld. 
Atchison  ft  Nebraska,  8  p.  c . 
Bur.  ft  Mo.  Klv.,  stock 


lOO 

102 
108 

us 

49 
91 X 
61 
22 

96" 


104X 


«3X 
102>i 

2X 
144 
42 


6 
22X 


119S( 

47" 
11)4 
US 


Iowa  Midland,  Ist  mort.  88, 
Galena  ft  Chicago  Extended.. 

PenlnBula.lst  mort.,  conv 

Chic  ft  Milwaukee,  Ist  mort.. 
Winona  ft  St.  Peters,  1st  mort. 
do  do  2d  mort.. 

C.,C..C.ftInd'8.l8tm.7B,6.  F. 
Del.,  Lack,  ft  Western, 2dm.  . 
do  do      78,  conv. 

Morris  ft  Essex,  Ist  mort 

do  do      2dmort    

do  do      bonds,  1900.  . 

do  do     construction . 

do  do      7s  of  1871 

do  do     Ist  con.  gold.. 

Eric,  Ist  mort.,  extended 

do       do  endorsed 

do     2dmort.,  7s,  1879 

do     .8d    do      78,1883 

do     4th  do      7b,1880 

do     5th  do      78,1888 

do     7b,  cons.  mort.  gold  bds . 

Long  Dock  bonds .^.. 

Buff.,  N.  Y.  ft  Erie,  1st  m..  1877. 
do       do  do     large  bda  . 

Han.  ft  St.  Jo.  land  grants 

do  do     8s,  conv.  mort. .. 

Illinois  Central,  7  p.  c,  1875.... 
Dubuque  ft  Sioux  City,  Ist  m. . 
do  do  2ddlv. 

Cedar  Falls  ft  Minn.,  I8t  mort. 
Indlanap.,  Bl.  ft  W.,  1st  mort. . 
do  do        2d  mort... 

Mich.  So.  7  p.  c  2d  mort 

Mich.  S.  ft  N.  Ind.,  S.  F.,7  p.  c. 
Cleve.  ft  Tol.  sinking  fund — 

do  do    new  bonds 

Cleve.,  P'vllle  ft  Ash.,  old  bds. 

do  do     new  bds 

Detroit,  Monroe  ft  Tol.  bonds. 

Buffalo  ft  Erie,  new  bonds 

Buffalo  &  State  Line  7s 

Kalamazoo  ft  W.  Pigeon,  1st. 

Lake  Shore  DIv.  bonds 

do  Cons,  coup.,  1st... 

do  Cons,  reg.,  I8t 

d<v  Cons,  coup.,  2d — 

do  ConB.  rcg.,2d 

Marietta  ft  Cln.,  Ist  mort^.... 
Mich.  Cent.,  consol.  78, 1902  . . 
do  iBt  m.  8b,  1882,8.  f. 

do  equlpan't  bonds...! 

New  Jersey  Southern,  Istm. 76 
do  do     consol.  78 

New  Y'ork  ft  New  Haven  68.. . . 

N.Y.  Central  68,1883 

do  68,1887... 

do  6b,  real  estate — 

do  68,  subscription. 

do  78,1876 

do  7s,  conv.,  1876.... 

do  78,  1865-76 

do  ft  Hudson.  1st  m.,  coup. 

do  do     Istm.,  reg... 

Hudson  R.  7s,  2rt  m.  s.  fd. IffiS.. 

Harlem,  Ist  mort.  7b,  coup 

do  do  reg 

North  Missouri,  Ist  mort 

Ohio  ft  Miss.,  consol.  sink.  fd. 

do  do     consolidated 

do  do     2d     do  

do  do     iBt  Spring,  dlv.. 

Central  Pacific  gold  bonds. 


IMX 
103)4 


102 


81)4 


lOlX 


88X 


98)4 


108 
104)4 


99K 


102)4 


do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

So 

do 

64 

102)1 


102 
100 

80)4 

26 

8 

102H 

108 


101k 
104)1 
100 
103 
101  I 
83)4 
101 H; 

lOik 

97 

93 

101)4 
103)1 
113 


101 X 
102)4 

ma 


ICOH 


115)4 

115 

108 

m 

89)4 


S4)4 


102X 
109 


Land  m.  7b.. 
2d  8.,  do  78.. 
SdS.,do  88. 
4th  S.,  do  8s 
5th  S.,  do  88 
6th  S.,  do  8s 
CreBton  Branch 

Charlton  Branch 

Bnr.C.R.ftM.  (M.dlv.),g.  78 

Calroft  Fulton,  Ist  78, gold  ... 

Calif ornia  Pac.  RB.  78,gpld... 

do  68,  2dm., g 

Canada  ft  Southern  Ist  78,  golc 

Central  Pacific  7s,  gold,  conv.. 

do  Land  grant  6s,g 

Central  of  Iowa  Ist  m.  7s,  gold 

do  do     2d  m.  78,  gold 

Keokuk*  St.  Paul  88... 

Carthage  ft  Bur.  8s 

Dixon,  Peoria  ft  Han.  88 
O.  O.  ft  Fox  R.  Valley  8s 

Qulncy  ft  Warsaw  8s 

Illinois  Grand  Trunk. .. . 
Chic,  Dub.  ft  Minn.  8a.. 
Peoria  ft  Hannibal  R.  88. 
Chicago  ft  Iowa  R.  8s... 
American  Central  88 —  , 
Chic,  ft  Southwestern  RB.  78. 
Chesapeake  ft  O.  2d  m.  gold  7s 
Col.  ft  Hock.  V.  Ist  78, 30  years 
do  do     iBt  78, 10  years 

do  do     2d  7s,  20  years 

Chicago,  C.  ft  Dub.  88 

Chic,  ft  Can.  South.  I8tm.g.78 
Ch.D.ft  v.,  I.  dlv.,  Ist  m.  g.  7s 
Chic,  Danv.  ft  VIncen's  78,  gld 

Connecticut  Valley  7a. 

Connecticut  Western  1st  78 ... . 
Chicago  ft  Mich.  I,ake  Shore.. 
Dan.,  Urb..  Bl.  ft  P.  1st  m.  78,g 
Dee  Moines  ft  Ft.  Dodge  1st  7s. 
Detroit,  Hillsdale  ft  In.  RU.Ss. 
Detroit  ft  Bajf  City  8b  guar. . . . 


lOlX 
103)4 


103)4 


102X 


«7X 


102)1 


112 
112 

32)4 

55 

75 

70 

50 


SSOtTBITin. 


Oswego  ft  Rome  7e,  guar 

Peoria,  Pekln  ft  J.  IbI  mort. . . . 

PeorlaftKock  I.7B,gold 

Port  Huron  ft  L.  M.7b, gld,  end 

do  do     7e,  gold... 

Pullman  Palace  Car  Co.  stock. 

do       bds,  8s,  4th  series 

Rockf 'd,  K.  I.  ft  St.  L.  let  78,gld 

Rome  ft  Watertown  7s 

Bondoutft  Oswego  7s, gold... 

StouiCltyft  Pacific  68 

South  Pacific  68,  gold 

Southern  Minn,  construe  8s. . . 

do  78 •     . 

St.  Jo.  ft  C.  Bl.  let  mort.  10«. . . 

do         do  8p.  c. 

St.  Jo.  ft  Den.  C.  8s,  gld,  W.  D. 

do  do     88,  gld,  E.  D.. 

Sandusky,  Mans,  ft  Newark  7s. 
St.  Louis,  Vandalla  ft  T.  H.  1st. 

do  do  2d,  guar. 

St.  L.  ft  So'eastern  Ist  78,  gold. 
St.  L.  ft  I.  Mt.  (Ark.  Br.)  78,  g. 
Southern  Central  of  N.  Y.  7b.. 

Union  ft  l,OBanBport78 

Union  PacWc,  So.  branch,  68,  g 
Walkin  Valley  Ist  7s,  gold.. 
West  WlHconsln  78,  gold... 
WleconBln  Valley  8e 


Bid. 

«0~ 

70 

45 

ss 

92 
10 
92)4 


Detroit,  Eel  River  ft 
Det.,  Laos,  ft  Lake  M.  let  m 
do  do    2d  m.  8e 

Dutchess  ft  Columbia  78 

Denver  Pacific  78,  gold 

Denver  ft  Bio  Grande  's,  gold. 
Evansvllle  ft  Crawfordsv.,78.. 
Erie  ft  Pittsburg  1st  78 

do  do         2d7s 

do  do  7s,  equip 

Evansvllle,  Hen.  ft  Nashv.  78. . 
Ellzabethtown  ft  Padu.  88,  con. 
Evansvllle,  T.  H.  ft  Chic.  78,  g, 
Flint  ft  Perc  M.  78,  Land  grant 
Fort  W.,  Jackson  ft  Sag.  88. . . . 
Grand  R.  ft  Ind.  1st  guar  78. . . . 
do  IstL.  G  78... 

do  iBt  ex  L.  G.  7f 

Grand  River  Valley  8b 


do  San  Joaquin  br'nch 
do  Cal.  ft  Oregon  1st., 
do  State  aid  bonds 

Western  Pacific  bonds 

Union  Pacific,  1st  mort.  bonds 

do  Land  grants,  7s. 

do  Sinking  fund.. 

.\tlantlc  ft  Pacific  lander,  m. 

South  Pacific  KR.  bds.  of  Mo. 

Pacific  R.  of  Mo.,  1st  mort.  ... 

do  do         IstCaron'tB. 

do  do         2d  mort 

Pacific  B.  78,  guarant'd  by  Mo. 

Pitts.,  Ft.  W.  4  Chic,  1st  mort. 

do  do     2d  mort 

do  do     Sd  mort, 

Cleve.  ft  Pitts,  coneol.  s.  fund. 

do  do     4th  mort 

Col.,  Chic  ft  Ind.  C.  Ist  mort. 
do  ''('     2d  mort. 

Rome,  Watert'n  ft  Og.  con.  l6t 
St.  L.  ft  Iron  Mountain,  Istm. 
do  ad  o 

Alton  ft  T.  H. ,1st  mort 

do  do     2d  mort.  pref... 

At  do      2d  mort.  Income 

Belleville  ft  S.  III.  R.  1st  m.  8s. 

Tol..  Peoria  ft  Warsaw,  E.  D.. , 

do  do       W.  D.. 

do  do  Bur.  Dlv. 

do  do  2d  mort.. 

do  do  coDaol.7i 


101 X 
9i)« 
89)4 

lo: 

93)4 
101)4 
99)4 
96X 


102X 
91  \ 
90 

95" 
lOlX 

96)4 


92)1 


lOOX 
112 

lasK 

lOSX 
100 


BO 
94 
100 
9S 

TC 

77 
83 
54 
63 

■io' 
?o 

70 
45 
40 
48 
30 
35 


105X 


90)4 


Hous.  ft  Texas  C.  Ist  7s,  gold 
Indlanap.  ft  Vlncen.  IsOs,  guar 
Iowa  FallB  ft  Sioux  C.  Ist  78. . . 
Indianapolis  ft  St.  Louis 7a.... 
Houston  ft  Gt.  North.  1st  78,  g. 
International  (Texas)  1st  g.    . 

Int.,  H.  ft  G.N.  conv.  88    

Jackson,  LauBlng  ft  Sag.  8s.... 
Jack.,  N.  W.  ft  S.  E.  l8t  m.  g.  78 
Kansat  Pac.  7b,  extension,  gold 
do  7s,  land  grant,  gUl 
do  7s,  do  new  ^Id 
do  6s,gld,June&D( 
do  68,  do  Feb.  ft  Aug 
do  7s,  1876,  land  grant 
do  7s,  Leaven,  br'nch 
do  Incomes,  No.  11. 
do  do       No.  16 

do         Stock 

Kalamazoo  ft  South  H.  8s,  guar 
Kal.,  Alleghan.  ft  G.  R.  88,guar 
Kansas  City  ft  Cameron  lOs. . . 
Kan.  C,  St.  Jo.  ft  C.  U.  88  of  '85 
do        do  do    88  of  '98 

Keokuk  ft  Des  Moines  1st  78 

do         l8t  coup,  Oct. ,'76 
do  funded  Int.  88 

do  pref.  stock... 

L.  Ont.  Shore BB.  1st  m.  gld  7b 
Lake  Sup.  ft  Miss,  let  7s,  gold. 
Leav.,  Atch.  ft  N.  W.  7s,  guar.. 
Leav.,  Law.  ft  Gal.  1st  m.,  10s. . 
LoganE.,  Craw,  ft  S.  W.  Ss.gld. 

Michigan  Air  Ltne  8b 

Montlcello  ft  P.  Jervis  78,  gold 

Montclalr  iBt  7s,  gold 

Mo.,  KanaaB  ft  Texaa       gold. 
Mo.  B.,  Ft.  S.  ft  Gulf  lst.-n.  lOs. 
do        do         do   2d  m.  lOs. 

N.  J.  Midland  1st  78,  gold 

.    do  2d  7s 

N.  T.  ft  Osw.  Mid.  1st  78,  gold 
do  do        2d  7s,  conv 

do  West.  Extension  78 

N.  Haven,  Mlddlet'n  &W.78.. 
North.  Pac.  1st  m.  gold  7  3-108.. 

do         Land  warrants 

Omaha  ft  Bouthwestern  HR.et 


84 

84 

95 

65 
i06 

66 

65 
100 

83 

80 

96 

82)4 

65 

69 

lOJ" 
60 
SO 
90 
85 
TO 
75 

TO 

20 

16 

19 
100 
100 
100 

50 

96' 
75 
95 
25 


13 
20 
100 

2ik 


22 
23 
106 
40 
32X 
50 
70 
40 
32)4 
14 
21 

'3' 
39 
21 


Sonthern  Securities. 

Brokers'  Quotattont.', 

&TATKB. 

Texaa  State  68  

do        78,  gold  ..     

do      108,ofl884 

do       10s,  penBlon 

ciTiJia. 

Atlanta,  Ga.,7B 

do        88 

AugUBta,  Ga.,  78,  bonds 

Charleston  stock  68  .......... . 

Charleston.  S.  C,  7s,  F.  L.  bds 

Columbia,  S.  C.,6s 

Columbus,  Ga.,  7b,  bonds 

Lynchburg68 

Macon  7b,  Donds 

Memphis  old  bonds,  6e 

do       new  bonds,  6e 

do       end.,  M.  ft  C.  BB.  .. 

Mobile  5s, (coups,  on) 

do      88,  (coups,  on) 

Montgomery88 

Nashville  68,  old 

do       6s, new 

New  Orleans  58 

do  consol.  68 

do  bonda,  78 

do  gold  78,  quarterly 

do  108 ,. 

do  to  railroads,  68 

Norfolk  6s 

Petersburg  68 

Richmond  6s 

Savannah  78,  old 

do       7s,  new 

Wilmington,  N.  C,  68,  gold., 
do  do     88,  gold.... 

BAILROADB. 

Ala.  ft  Chatt.  lat  m.  88.,  end.. . . 
Ala.  ft  Tenn.  R.  lat  mort.  78. . . 
do         do  '2d  mort.  78 — 

Atlantic  ft  Gulf,  consol 

do  do    end.  Savan  h. 

do  do    stock 

do  do      do    guar... 

Carolina  Central  1st  m.  68,  g... 

Central  Georgia  1st  mort.  78.. . 

do  cooBol.  m.  18. 

do  Btock 

Charlotte  Col.  ft  A.  Ist  M.  7s.. . 

do  do       stock 

Charleston  ft  Savannah  68,  end 
Savannah  ft  Char.  Ist  m.78.... 

Chcrawft  Darlington  7b 

East  Tenn.  ft  Georgia  68 

East  Tenn.  ft  Va.  66,  end.  Tenn 
E.  Tenn.  Va.  ft  Ga.  1st  m.  7b.. 

do  do        stock 

Georgia  BB.  78 

do  stock 

Greenville  ft  Col.  78,  guar  .... 
do  do    78,  certlf... 

Macon  &  Brunswick  end.  78... 
Macon  ft  Western  stock, 
Macon  &  Augusta  bonds 
do  do       endorsed — 

do  do       stock 

Memphis  ft  Charleston  let  78. . 

do  do  2d  7s... 

do  do  stock  . 

Memphis  ft  Little  Rock  l8tm. 

Mississippi  Central  Ist  m.  7s. . 

do  2dm.es... 

Mississippi  ft  Tenn.  Ist  m.  7s. 

do  do     consol.  88. 

Montgomery  ft  WeBt  P.  1st ' 

do  do  Income 

Mont.  &  Eufaula  1st  88,  g.  end 
Mobile  &  Mont.  88,  gold,  end. . 

Mobile  ft  Ohio  Bterllng 

do  do      do     ex  certlf 

do  do  8s,  Interest — 

do  do   2d  mort.  88 — 

do  do   Block 

N.  Orleans  ft  Jacks.  2d  m.  88.. 
do  do    certlf 's  88. 

N.  Orleans  ft  Opclous.  lBtm.8s 
Nashville*  Chattanooga 6s... 
Norfolk  ft  Petersburg  letm.Se 
do  do  78 

do  do         2dm.  88 

Northeastern,  S.  C,  1st  m.  8s. . 
do  2dm.  88... 

Orange  ft  Alexandria,  lets,  6b., 
do  do  2dB,  6s. 

do  do  3ds,  88. 

do  do         4th8, 88. 

Blchm'd  ft  Petersb'g  Ist  m.  78 
Rich.,  Fre'ksb'g  ft  Poto.  6s. . . 
do  do  conv.78 

Rich,  ft  Danv.  let  consol.  68. . . 
8outh8lde,Va.,  I8tm.88...  .  .. 

do  2d  m.,  guar.  68 

do  3d<n.68 

do  4th  m.88 

Southwest  BR.  Ga  ,  Ist  m. 
S.  Carolina  RR.  Ist  m.  78,  new 

do  68 

do  7s  

do  Btock 

West  Alabama  88,  guar 

I  PAST  DUK  00TJP0N8. 

(Tennessee  State  coupons 

I  Virginia  coupons. ..  
(To      consoLcoap 
Memphis  City  coupons 


100 
75 
SO 
as 

93x 

M 

20 

96 

40 

60 

81)4 

59 

75 

90 

nx 

25 
92)4 
101 
90 
48 


102 
98 


87 
56 

70 
62 
78 
80 
78 
50 
43 
55 
40 
43 
65 
80 
TO 
84 
48 
35 
87 
50 
38 
75 
80 
88 
90 
90 
65 


August  7,  18(6.] 


THB  CHRONICLE 


185 


NEW  YORK  LOCAL  SBGURITIES. 


■••k  stock  Uat. 


COHFAVias. 


PBioa. 


Insurance  Stock  Uat. 

(Qoouiloni  bj  K.  s.  Bui.it,  broker,  H  Wall  ttrcet.) 


CoMr^aia*. 


AdrlaUe 

JtlB» 

ARwrlcaa ... 

Am«Heui  Kzeh'e. 

Amity..    

Arc  tie 

Atlwtle 

Bowery . 

Btewera-  *  MlM'n 

Broeiwey 

Brooklya 

CIUmm' 

City 

CUnloa 

Colanbla.. ........ 

rommerce  Fir*.... 

Coamrcld 

COBlUeatAl 

Kacia 

nniUreCtty 

■a^ortmn 

KxeiMam. 

Pemvot 

PlremeDl  

rinnen'ePutf.... 
nraBeB**  TrmM... 

e*kk«r4 

OenMB  twericM 

0«nuate. 

Olob* - 

Oreaavteh. 

Oaardlaa ■..,, 


Cafitai^ 


Par  Amounl. 


liaak.«Trail-n'    .. 

at.>aalre-(Bkly» 
•taaaliU.    

MerakasU' 

MeWOMinaa 

Maalaat^a'klyB). 

giwToBiFra.:: 
](.  T.  *  taakara.. 

llhMara. 

NoTtkElTar 


rdwy.    IT 


wutn 


NbtBitb 


M,1M 

MS 


»    9    » 
10     10     10 


iM,«gi 


DnriDauBs. 


isn  isn  ISR  mt  Laat  Faid. 


I 


14     It 


ff  t>a  ■(!■«,  >w<—»  baaa  4aelar«4  aat  of  ab 


10   'l»  lio   In    Ja  ytis-io 


Jnly.  "TS..! 
J.n..'7J..7 
Joly,T6..8 
Jalj,'tJ..J 
July,'B..4 
July,  IS.  .5 
Jal),1s..s 
Jane.'Ts.ls 
July,  *49..B 
Aa(.,'7S.10 

Jniy.  *n.a> 
JnlT'Ti..:0 
AnK.,*73.IO 
Joly,  T5.  :0 
Jttiy,  "75,  ,5 
July,  "a.. 5 
July^TJ.lU 
JolyTS..  B 
July.  IS. 15 
July.TS  .1 
Inly.  "W.. 5 
Joly,  ■»  10 
JulT,TS.1X 
jBly,"B..i) 
Jnly,  "75.  .6 
July,  T3..a 
AOf  .,"75.  .5 
Jnly,  "n.. 5 
Jnly,  15,  .5 
Jnly.'7S..10 
Jan.,'7S.e 
July,  "15.  .5 

JUIT,"T5..I0 
July,  "75.  5 
Juy,':5..5 
Jaly,'75..9 
Joly,T5..5 
July.TS..  .0 
Jnly,-;9..< 
Jnlr,';»..5 
Meii.,'B..i 
Jnly.  "15.  u> 
July,  ni.io 
July,  TS.lf 
Jnly, '.5.  .5 
Jnly,":s..5 
July,  ■49..> 
Jnly."5..5 
Jnly.  "75. S 
Jnly,  TB..! 
Jaiy.  "75.10 
July.  75.  .5 
July.tS.J 
Jnly,  15.1U 
jnly.  19.  .5 
Jnly,  15.10 
Jui.s.'TS.IO 
Jnly.  15. .« 
Inly.  "B. 10 
Aoit..1!i.lO 
Jnly.  IS.. s 
Jnly.  IS.. » 
Apr.,  IS.:! 
Ji.ly,11.» 
Jnlj.H.lO 
Jnly.19.10 
Ja  T.  '75.10 
July,  IS.. 5 
Jnly,  15. .« 
Jnly,  It  5 
JniT,  1t..5 
1S..« 
IS  I 
,15.10 


laiT, 


'^ 


*or/n..s 

Jaiy.lS.M 
Juir.isis 
reb.,-:i  .1 
July,  15.10 
Jnly,  15.10 
Jaly,15..l 


PaioB. 


Bid     Aakd 


130 


i»" 


1» 

sai 
lid" 

ILt 

as 


ai> 

i« 


l«0 

78 

'S 

ITS 

l« 

in 

IM 

110 

110 

MO 

IHI 

Ml 

110 

lU 

i« 

•\x 

Wl 

i« 

MS 

m 

•s 

B 
110 


III 


capital  and  proai  acnn 
Tar  and  Weatcbeettr,  aad  V  per 
of  alwTa  aat  wrvlBa, 


ar 

cent 


City  SMtimioa. 

(QMtliaao  »y  PAin»L  A.  Mobajt.  Bwk«f.  m  Wall  «ttaat.] 


■•v«ncaboa4e. 
AaaMBMBi  bo«d*.,.lf)0-7I. 
laipr«Ts«a«at  (Maoa 


MnM  bo*4e um-m. 

JraalSa    K)ao<alloa»  by  M. 

rarfM 


WaMrlaaabo 
BHocaaosMM 

IKl&r  loaa 

ciiy  boada , 

Sln«  Co.  bonda- .. 

so         da 

AU  Brooklyn  boada  Oat. 


MoMta  rayaMa. 


r«fe„llay  Aat,*  Not 
do  do 

«•  do 

t  t 

MWAKSTaBber. 

rakMltoy  Aac,*  Mot. 

t   i 

rak^^Vay.  An*.*  Nor. 

Mar  *  RoTcnitier. 

do  dc 

]:     is, 

do  do 

do  do 

do  do 

d«  do 

Janaary*  Joljr 

Jaaaiiry  A  July. 

do  uo 

Jaa.,  May,  Jnly  A  Nor, 

Jaasary  and'Jaly. 
BBaae.Jr.,  Broker,  Vi 

jAOOary  A  July, 
do  do 

do  do 

do  do 

do  do 

a«  do 

do  do 

Msr  *  MoTaabsr. 
«o  do 


Boadadae. 


lOiMO 

jgo^ 

iSEitii 
iis*-im 

IKR-ll 

in«-«« 

IIOI 

ins 

IKM-HI 
IS7S-15 

wn 

MM 

w«-« 

im 

int 
wi»« 

int 

■  Ml 

lon- 

ia«>-iMa 
lao-Ti 

IV75-OI 
INS 

mt-iion 

Wall  It,] 

ins-« 
lan-ts 

l*15-t« 

IMS 

1*19 

ltO*-l«M 

un-ts 
IMO-ai 

MB-dU 


PIIOB 


Bid.  A«k 


•a 
lot 

•0 
lul 
101 
-,01 
101 

•J 

100 
•7 

109 
101 
107 
110 

•:oi 

101 
IMM 
110 
lUI 
•lOH 

i.a 

IW 
15 

w 

101 
10* 

ino 

;08K 

Wl 


lot 

104 
101 
'.01 

imx 
:ci 

101 K 

114 

101 


lOjH 

no 

101 

n 

101  h 
Id 

no 

10* 

iif 

10  »f 

in 


lit 

10< 

lot 

lU 
104 

N 

n 

lot 

101 

im 

101 


l«)t 

in 

iTo'* 

Mi 

iS 


138 


THE   CHEONICLE. 


[Angusl?,  1875, 


^l)c  Commercial  ®ime0. 

'^       SySiSRClAL  EPITOME. 

PuiDAY  NiOHT,  August  6.  1876. 

There  has  been  a  partial  revival  of  business  in  some  depart- 
ments the  past  week.  Pro'onged  rains  and  severe  floods  have 
visited  the  Ohio  valley  and  other  portions  of  the  Western  States, 
and  caused  much  injury  to  the  growing  crops ;  cereals  have  suf- 
fered most,  but  the  injury  has  extended  to  tobacco,  cotton,  etc. 
Latterly  the  rains  have  cea»ed  and  the  floods  are  subsiding. 
Railroad  transportation  hag  been  greatly  interrupted.  The 
reported  damage  to  the  crops  caused  a  revival  of  active  soecula- 
lion  In  many  staples  of  domestic  produce,  and  a  considerable 
advance  in  prices  took  place;  but  with  the  return  of  better 
weather,  speculation  has  subsided  and  prices  in  most  cases  have 
partially  receded.  There  is,  however,  notwithstanding  these 
•drawbacks,  a  considerable  revival  of  regular  trade. 

The  following  is  a  s'atement  of  the  stocks  of  leading  articles 
•of  domestic  aud  foreign  merchandise,  at  dates  given  : 


•Beef tcs.  sndbbls. 

g>ork bbi9. 

Tobacco,  foreign....- bales. 

Tobacco,  domestic hhds , 

■Coffee,  Rio  bags. 

•CofTee,  other  bags. 

•Coffee,  Java,  Ac mais. 

'Cocoa bags . 


1874. 
August  1 . 
4,081 
43,855 
21,785 
31,254 
73,8M 
39,M5 
22,895 
4,.305 


Sugar. 


.hhds.  1-13,372 


-1875. 
Angnst  1. 

3.076 
44.429 
11,607 
89,877 
46,182 

7,600 
72,054 

5,953 

1.54,799 

31,.399 

190,000 

14,5,33 

5,23(i 

2.000 

217,400 

76,645 

65,.374 

3,466 

4,936 

4,750 

2,150 

7.600 

1,900 
14-2,167 
16,500 
10,210 

5.703 
89,000 

1,600 


July  1. 

4,685 

49,859 

9,009 

40,356 

44,207 

1-2,724 

24,678 

5,457 

167,541 

33.902 

181,024 

13,619 

9,818 

2,500 

213,100 

110,846 

65.606 

4,519 

6,812 

3,500 

970 

8,050 

8,ino 

83,000 

15,500 

12,614 

3,300 

92,350 

1.166 


SxporlD  or  LieadlUK  Arttclea  from  Newr  YorK. 

The  following  table,  compiled  from  Custom  House  returns 
shows  the  exports  of  leading  articles  from  the  port  of  New 
York  since  January  1, 1875,  to  all  the  principal  foreign  countries, 
and  also  the  totals  for  the  last  week,  and  since  January  1.  The 
last  two  lines  show  total  values ,\nc\ad\ng  the  value  of  all  other 
articles  besides  those  mentioned  in  the  table 

7,  7?  ,->  ,00  ^  A-*-.f  OOQ*  ^  a6««  n       .* 


!<      w-^      CO      ^      ■v      wa     00 


Qi^      ^'     eg'  r^ 


.-•  «i  -^SC 


^ssisi^s 


i^sg^'. 


_  «  00  fi  t-  p  Cf   t 

oB  m  tf3  •'*  «^  <;;  ^   I 
c-      CM  ec  — ■  < 


rgmntr  boxes.    8i,786 

Sugar....!'.'. bags,  etc.  240,906 

Melado bhds.      1,652 

Molasses bhds.      4.746 

Molasses bbls.      3,500 

Hides No.  181,900 

Cotton bales.     89,705 

Rosin bbls.    65.700 

SpiriU  turpentine bhls.      7,309 

Tar  bbls.      2,722 

Hlce,B.  I bags.     22,500 

Hice,  domestic bbls.  and  tcs  250 

Gunny  cloth  (Cal.) bales.     12,700 

Ounny  bags bales.      6,300 

Linseed  bags.    None. 

Saltpetre bags.     13,500 

Jute. bales.     19,100 

Jntebutts Dales.    26,900 

Manila  hemp bales .    65,688 

Ashes bbls.         866 

A  speculation  in  pork  and  lard  sprung  up  on  the  reports  of 
injury  to  the  growing  corn  crop,  by  which  it  was  thought  the 
yield  would  be  cut  short.  Mess  pork  advanced  to  $31  60  spot 
and  August,  and  $21  70  for  September,  and  lard  advanced  to  14c. 
on  the  spot,  14ic.  for  September  and  October,  and  13c.  seller  the 
year,  but  other  hog  products  have  been  dull,  and  yesterday  the 
whole  market  developed  weakness.  Beef  is  scarce  and  firm. 
Tallow  has  been  active  and  firmer,  at  8|@9c.  Butter  has  remained 
about  steady.  Cheese  has  been  active  for  export,  but  the  supplies 
having  Ijeen  very  large,  prices  have  been  barely  sustained  at 
llj@12c.  for  prime  factories.  To-day  the  market  was  firm  but 
quiet,  at  $21  60@21  65  tor  mess  pork,  and  14jal4  3-16c.  tor 
prime  steam  lard,  seller  September. 

The  grocery  trade  has  rather  recovered  tone.  The  stock  of  Rio 
.coffee  has  been  increased  by  liberal  receipts,  but,  with  favorable 
foreign  advices,  prices  have  ruled  firm  ;  Kio,  fair  to  prime  cargoes, 
ISiOSOc.,  gold.  Rice  has  been  quiet  for  domestic,  but  Rangoon 
has  been  in  demand  for  shipment  to  Cuba  at  2i@2|c.,  gold,  in 
bond.  Molasses  is  higher  at  38c.  for  50  test,  but  closes  quiet. 
Sugars  are  quoted  ^c.  lower,  but  with  a  better  demand  at  the 
decline.     The  large  stocks  are  carried  with  much  confidence. 

Kentucky  tobacco  has  ruled  firmer  but  quiet  at  8i@llic.  for 
lugs  and  l3@24c.  for  leaf;  the  sales  for  the  week  embraced  550 
hhds.,  of  which  400  were  for  export  aud  150  for  consumption. 
The  growing  crop  has  been  much  injured  by  rains  and  floods. 
Seed  leaf  has  continued  quiet,  but  prices  have  remained  about 
steady  ;  the  sales  embrace:  Crop  of  1870,  37  cases  Connecticut  at 
8fe.;  crop  of  1871,  50  cases  Pennsylvania  at  21c.;  crop  of  1873,  44 
I  Connecticut  at  16@16i^t-..  50  cases  do.  on  private  terms,  114 
I  Ohio  at  7i@13ic.,  162  cases  do.  on  private  terms,  160  cases 
State  at  6i'315c.,  65  cases  do.  on  private  terms;  and  crop  of  1872 
and  1873,  113  cases  Pennsylvania  on  private  terms.  Spanish  to- 
bacco has  ruled  lower  and  fairly  active  ;  the  sales  were  500  bales 
Havana  at  85c.@$l. 

Ocean  freights  have  been  fairly  active ;  berth  room  especially 
has  been  In  pretty  good  request,  and  as  the  supply  of  room  is  not 
large,  rates  have  been  mainiained  with  firmness.  Charters,  on 
the  contrary,  have  latterly  shown  weakness,  and  not  a  little 
decline  and  less  activity  was  noticeable.  Late  engagements  and 
charters  include:  Grain  to  Liverpool,  by  steam,  8i<a9d. ;  do.  to 
London,  by  sail,  Q^d.;  do.  to  Glasgow,  by  steam,  8i@9d.;  do.  to 
Cork,  for  orders,  at  7s.  !)d.  per  qr.;  do.  to  the  Continent,  at  7s.  3d  (3 
7s.  6d.  Refined  petroleum  to  the  Baltic,  6s.  8d.@63.  6d.;  case  oil, 
to  the  Mediterranean,  28c.  gold.  To  day,  charters  showed  a 
further  decline,  but  berth  room  was  firm ;  grain  to  Liverpool, 
by  Bteam,  at  8i@9d. ;  cheese  at  453. ;  grain,  by  sail,  8i@9d. 
Grain  to  Bristol  and  London,  by  sail,  9}d.;  and  to  Cork  for  or- 
ders, 7s.  6d.  per  quarter  ;  refined  petroleum  to  the  East  coast  of 
Ireland  at  5s.  3d.,  and  naphtha  to  Exeter,  59.  9d. 

In  naval  stores  only  moderate  transactions  have  been  reported, 
and  quotations  are  barely  steady  at  31i@32c.  for  spirits  turpen- 
tine, and  $1  65@$1  70  for  common  to  good  strained  rosin.  Pe- 
troleum,  at  the  close,  was  firmer,  owing  to  limited  offerings  and  a 
better  export  demand  ;  refined  in  bbls.  for  spot  and  all  August 
delivery,  lljc.;  crude,  in  bulk,  quotedj  at  5i@5|c. 


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:I  £ 


Svanas     oo 


'S^^ 


o  a 


Augost  7,  I876.J 


THE   CHBONICLE 


J  39 


OOTTON. 

Fkidat,  p.  M..  AaguBl  6,  1875. 
Bj  speoUI  telegnnu  reoBived  to  ni^bt  from  the  Soathern  Porti 
wears  io  poaieasioa  of  the  returaa  showing  the  receipts,  export!, 
Ac,  of  oottoQ  for  the  week  eoding  thi*  eTeoiog,  Aag.  6.  It 
•ppean  thM  the  total  receipt*  for  the  levea  days  have  reached 
3.06S  balee,  agaiuat  3J77  bales  lart  week.  2.513  bales  the 
prsrioiu  week,  and  3,488  bales  throe  weeks  since,  making  the 
total  receipts  since  the  first  of  Septesiber.  1874.  3.475.737  bales, 
agaiBOt  S,7S>7.910  bale*  for  the  aain)  pariod of  lSr3-74.  showing  a 
rfsnrwsi  aiiMa  September  1,  1874.  of  888,173  balea.  The  details  of 
tha  reeeipu  for  t  its  week  (as  per  tnUgtapb)  and  for  corresponding 
waaka  of  Ave  previous  /ear*  are  as  follows: 


hundred  thoasand  bales.  O^  Wednesday  quotations  were  reduced 
4c.  and  on  Thursday  continued  weakness  was  developed,  all  spirit 
having  departed  from  the  market.  To  day,  there  was  very  little 
doing,  but  with  gold  higher  a  steadier  feeling  was  observable. 

For  future  delivery  the  fluetoatioos  have  been  wide  and  fre- 
quent, and  often  very  irregular.  The  Mississippi  overflow  had 
but  a  temporary  influence  in  siimulating  prices;  while  from  other 
points  the  crop  accounts  w^re  improved  soon  after  the  opening. 
Yasterdav,  the  market  quite  broke  down,  without  apparent  cause, 
and  (or  the  later  months  prioua  were  lower  than  in  the  height  of 
the  recent  panic.  To  day,  there  was  more  firmness,  the  early 
months  being  ^c  and  the  later  months  1.16<gi3-33c  higher,  but 
the  demand  was  moderate.  After  'Change,  there  were  sales  at 
13  15-16c.  for  Oct.  and  Doc,  and  14  5-lOc  for  Feb.  The  toUl 
sales  for  forward  delivery  for  the  week  are  162,700  bales,  in- 
cluding     free  on  board.     For  immediate  delivery  the  total 

sales  foot  up  thU  week  6,387  bales,  including  1.933  for  export, 

4.444  for  consumption,    10   for  speculation   and   in  transit. 

Of  the  above, bale*  were  to  arrive.     The  following  are  the 

oloaing  quotations  ■ 


Haw  ClaaalScatloa. 


Tha  esporta  lor  tha  week  eadio^  tUa  •▼•■laic  r««eh  a  total 

of   2.713  balsa,  of  which  1.913  wera  W  Great  Briuln.  to 

Fraoee,  and  800  to  tha  reat  ot  the  Ooallaaot,  while  the  atoeks, 
M  Bad*  mp  Mb  •▼•aiag.  are  now  139i,9W  bal«a.  Below  ar«  the 
•Motta  aad  atoeka  for  th«  weok  and  alao  for  the  oorraspoading 
WMkof  lutaaMOiL 


as^rtoa  to-           ■    y^,. 

■Ma 

Wt«( 

ItN. 

Um. 

**AM*«.*' 

•  .•rll. 

m 

•a 

4 

Pfaa«> 

Coatlai     WMk. 

int. 

ISN 

.<l««  urlaaaa 

Mobiia 

Ohanaslaa... 
JmaMk.... 

0«fe«rs«cl*V 

■1 

OM 

tl.«H 

Cat 

Total   .. 
Mac*  Sifl.  1 

mJJS 

UMH 

««040r«aary... 
bevMIMUaa.... 
tttitUaT^..... 

••QaMiMiiaa..., 

MMdbBcralr.... 
r»lr 


.para, 


11  «., 
tiK*.. 
I4<,f.. 
■«»•.. 
UK*.. 

I*W« 


■Stm 
Orlaaas. 


I3X*... 
l«H«.... 

KM*.... 
I»S«.... 


Texas 

Hit" 

umSI.. 

i«m»... 


B«>ow  we  rive  the  salea  ol  spot  and   transit  ootton  and   prioeof 
OfUmdM  at  this  market  aaoh  day  of  tha  paat  weak  : 


CiaaaUcMloa. 

«*L«a. 

rmf  >• 

-•iii 

Com- 
aaap. 

M 
«»' 
•44 

m 

1.IW 

'4.UI 

« 
■■■4 

Tnw- 
•11. 

Tetai. 

OrtfTr 

OT*tt. 

LOW 
Midi's. 

14 

Mia 
sunt 

'•»•»••»   

aaa4«f .  ...^• 

r«a*iar   ... :; 

*aas««U) 

fkaraoaf 

rrtaaf.  ........ 

a«a. 

M 

ifiU 
*4I 

l,"9S 

i.sa 

It 
1: 

14H 

14  h, 

>4>i 

ratal 

« 

■  ••• 

MR 

.... 

... 

.... 

.... 

•Tto 


l^*Oar  lolscrmiB  fia«  New  OriasM  to-algbt  shows  that 
bwHaa  the  abova  azporta  the  amount  of  eoUoo  on  shipboaH.  and 
•■iracad  tor  ahipoMat  at  that  port,  ia  ■•  loilows :    For  Liverpool, 

8,000  bat«:  far  Havre,  8/100  balea;  tor  OoallaMt.  baiea ; 

foreoaatwlaa  porta,  900  balm;  total, 8;I00  balsa;  which,  if  d*- 
dnetad  from  Iha  alaek,  woald  leave  ItjnO  balaa  reprsaeotlnit  tha 
qoaatity  at  tha  landtoir  aad  in  praaaeaoMold  or  awaiting  orders.] 

From  the  rnroKoliig  staiaiavat.  It  will  b«  aaaa  tbat.ai>«ipar«d 
with  the eorraapoadlac  waak  <>'  last  ss— aa.  thara  Is  a  <f*«r«4«« 
la  Iha  axporta  this  w««k  of  G.I.I!  jaloa,  while  the  stocks  to. 
alcht  arv  19.390  bala-  <«ss  thaa  they  w*ra  at  this  time  a  year 
■ffo.  Tha  followiag  U<arasual  (ablt  sbuwing  the  movemaat 
ol  eottna  al  all  tha  port*  from  !4«pt.  I  to  Jaly  90,  the  lateai  mail 
dataa: 


FW  forward  delivery  the  salaa  (Including  free  on  board, 

bav*  reached  during  th»  week  183.700  balea  (all  low  middling  or 
•a  the  baais  of  low  inij'lli'i,r),\ad  the  following  ia  a  statement  of 
tha  salaa  and  pricea  : 


IaaroaraB  •laea  aarv.  1  f»- 
Jlraai 

|»ltala. 


•Jl» Ilji  . 

m. 14  •« 

..u»-ul 

.14  ll« 


...  II  rts 

...  14  i»« 
MM 

...14  n^ 

WJHialattapt. 
tnt  Ootoftar. 

—         ..in 


mjM 


*  Oaasr  l»a  aoaa  a«  OtirHii  11  la  laaiodad  Psn  aMaLAs.:  oadar  ika  k«a<  «f 
fiffl'.'li     """'*  "•■isliaa.i  owlw  >aa  tmSirX^m  l»  lacladstf  Ci« 

Tb«  aarkM  o^mtA  (ba  w««k  bnoyaat  for  cotton  on  the  spot 
Tba  raacUon.  wUah  had  aat  in  at  th«  aloaa  of  our  last  waa  ooo- 
itaoad  wMh  ma«h  Ttgor,  aad  on  Mood^  ^oetotloea  were  marked 
up  i«.,  Mtaktaf  |c  ffMB  the  lowrst  polM.  Tk«  chtaf  elemeota  of 
■treagtli  were,  the  saall  sloeks.  tha  ataady  splaaing  demand, 
flrmer  ivporta  (rooi  Uvsrpool  ao'l  tba  Mporta  of  drooght  la  tha 
Atlaatie  Siataa,  MgalbOT  with  the  oroHfew  of  the  Mlraisaippi 
Blvar  ia  A rksaia  aad Twaesar r .  thraat«nlac  aioro  or  Iras  injury 
la  tkoae  aeetioea.  Bat  Ute  improvanaat  waa  not  suataiacd. 
Raiaa  fell  in  the  CamUaaa  aad  Ueorgla  aad  Alabama,  Io  the  relief 
of  tha  dfooyht,  aad  it  waa  daimed  that  tha  ororflow  of  the  Mia- 
■arippi  wtll  not,  at  tba  woiat,  cut  tha  erop  abort  mora  thaa  a 


rut 


IJM.. 


14  list 


_  Uttfi 

MJM  total  Xov. 


iMlaa. 

4.10)... 
XMB... 
1.WI... 


m.. 

MS  . 
IM... 

i£;; 


har. 
,  It  IMS 
..!«  tt-M 

.ar.n 

■ii'fi 

.!•  l»-lt 
.11  H-*> 

..  II 

.  l4l-« 
..It  l-M 


..II  m 

,14  8-l< 
...14  l-St 

i'.'.iV  »Ji 
.14  ii-a 


lolalDeo. 

For  Jaaoarr. 
an) u  is.i< 

no M  K-tt 

m. 14 

»a i4i«i 

■D 11  ll< 

HP ...M»a 

«• UK 

m 14  vS 

....It  t-ia 
..  14 ;« 

....I4S-I* 

'.'.'.'uiMi 
...14  rit 

...14  IMl 
' UH 

:4  %-\t 

14X 
»/at  toui  Jan. 

/or  /«brii«rT. 

tm 14  Vn 

—  .I4».l« 

.14  J-O 


.s 


an 
iw. 


Dalaa. 
aoo  . 
an.. 


.14  tl-ii 
1411 


s.- 


i/a>.. 
ijog. 
i,an.. 

an.. 


Ilk 

....14  »a 

....14  f-l( 
...II  ll-S< 

'.'.'.iV'iiiS 
....It  ;-i4 

...II  ISO 

!!!ii'r:4i 

....14  «-i* 
..14  1*41 


SJD»  tout  Pab. 
for  Mareh. 

i.:(w u% 

Mi 14  7-l( 

lUU 14  IVU 

»M 14(4 

an 14  n»t 

400 II  ».M 

lai 14  it.s4 

IW UH 

WU 14  tl-S 

•ao 14  i:-i« 

<    MM MIMl 

|J» I4y 

lU) It  U-il 

4m uti-tt 

•M U 

TJoatoalMaroh. 

ror  Apill. 

HU .14  l»« 

100 14  tl«l 

UU II  l|.|( 

EOD 14  It  l( 

an 14  n^t 

«•) !4  si-a 

ao n 

an ut-it 

Ma  total  AprlL 
For  Mar 

..At  l*.|« 

..  14  n« 
...14  n« 

Ml IS 

7m isi4> 

MM UI44 

i.an UH 

lOU 119-1* 

l;M>  total  Maj. 
For  Joaa. 

100 ai4B 

l«D M  M< 

Sn  total  .Inoa. 


100.. 
lOI  . 

an  . 


i.aa UK 

ia« uSa 

Tbatolloarlag  axehaagea  bava  boaa  made  during  the  week : 

•-■s.  pd.  to  *ick.  lOO  Sept.  for  Aas. 
tOOaiit.  a.  a.  foraapl..arrB. 

Tba  followiag  will  sbow  spot  quotations  aad  the  closing  pricea 
bid  ior  fuluma  at  the  several  datoa  named : 


tow  HiODLiva  urLASaa— .ita  oLAaairio*Tios. 


Oaapat.. 


Ffl.  Sat.  Moa.       Taaa.         Wait.         Ttaora.        Fri. 

ula       l°4i-U       14  0-01      14  ^n        \li-K       \tii-*t        Uii 
■loDLiao  in>L4in>a— saw  OLAaatriOATioii. 


140 


ff* 


THE  CimONKXE. 


[August  7,  1875 


Wbathbr  Rbforts  bt  TKLKORiPH.— Witli  the  exception 
of  Ibe  overflow  of  the  Mississippi  our  reports  wlili  regard  to  the 
crop  tonljjht  are  generally  more  Invorable  ;  tliat  is  to  say,  a  very 
considerable  portion  of  the  section  throuf-h  the  Atlantic  and 
Gull  States  which  hns  been  guflering  from  droucht  has  during 
the  week  been  visited  with  splendid  showers.  Of  course  these 
rains  do  not  restore  the  plant  to  its  former  vigor,  but  tliey  check 
the  ill  effects  ot  the  drought,  and  iii  great  part  confine  tlie  injury 
done  to  the  thin  and  sandy  lands.  Unfortunately,  however,  tbese 
rains  have  not  l>een  universal,  and  there  are  still  complaints 
from  important  districts  in  all  those  S»tes.  All  the  country 
■which  has  escaped  the  drought,  and  which  in  the  aggregate  is 
probably  two-thirds  the  cotton  area,  is  doing  well,  and  much  of 
it  splendidly.  As  to  the  overflow  it  ia  impossible  to  tell  as  yet 
how  far  it  will  go  or  what  will  be  its  effects. 

Oatveiton,  Texas. — Crops  are  in  fine  condition,  and  the  pros- 
pects very  good  in  the  upper  countries,  but  rain  is  needed  on  the 
coast.  There  has  been  no  rainfall  the  past  week.  The  ther- 
mometer has  averaged  82,  the  highest  being  96  and  the  lowest  78. 
■  Indianola,  Texas. — The  crops  in  this  vicinity  need  rain,  none 
having  fallen  the  past  week.  Average  thermometer  85,  highest 
95  and  lowest  77. 

CorHcana,  Texas. — There  was  no  rain  here  the  past  week. 
.Crops  are  in  good  condition.  Average  thermometer  84,  highest 
100  and  lowest  87. 

New  Orleans,  Louisiana. — There  were  three  rainy  days  during 
the  week,  local  showers,  the  rainfall  reaching  eighty-five  hun- 
dredths of  an  inch.  Rainfall  for  the  month  of  .July  eight  inches 
and  eighteen  hundredths.  Average  thermometer  84.  In  our 
issue  of  the  24th  ult.,  we  gav»  the  average  thermometer  at  New 
Orleans  for  the  week  as  95.  This  was  an  error,  as  the  average 
thermometer  for  that  week  was  83. 

Shreveport,  Louisiana. — There  were  three  light  showers 
here  during  the  week,  the  rainfall  reaching  five  hundredths 
of  an  inch,  and  fine  showers  in  this  vicinity.  August  set  in  with 
colder  nights  and  cooler  mornings  than  for  several  years  past. 
The  crops  are  in  a  bad  condition  on  the  hills,  but  are  fine  in  the 
valleys.  Sufficient  rain  fell  the  past  week.  Thermometer — 
Highest  101,  lowest  68,  and  average  85. 

Vicksburg,  Mississippi. — There  were  two  rainy  days  the  past 
week,  the  rainfall  reaching  seventy  six  hundredths  of  an  inch. 
Average  thermometer  78,   highest  83  and  lowest  76. 

Columbus,  Mississippi. — There  was  rain  on  three  days  during 
the  week,  the  rainfall  aggregating  one  inch  and  eiglity-iieven 
hundredths.  The  nights  are  too  cold  for  cotton.  The  thermom- 
eter has  averaged  79,  the  highest  being  95  and  the  lowest  69. 

Little  Bock,  Arkansas. — It  was  cloudy  one-half  the  week  and 
clear  and  pleasant  the  other  half,  but  no  rain  fell.  Average  ther- 
mometer 79,    highest  96  and  lowest  60. 

Nashville,  Tennessee. — Rain  fell  on  four  days  the  past  week, 
the  rainfall  reaching  forty  hundredths  of  an  inch.  Average 
thermometer  74,  highest  83  and  lowest  64. 

Memphis,  Tennessee. — We  are  having  too  much  rain.  It  rained 
two  days  the  past  week,  the  rainfall  reaching  ninety-seven  hun- 
dredths of  an  inch,  and  the  rest  of  the  week  was  cloudy.  All  the 
crops  outside  the  levees  are  lost  through  the  very  disastrous 
overflow  in  this  vicinity,  and  inside  the  plantations  are  suffering 
seriously.  The  lowest  estimated  damage  done  in  Arkansas  and 
Mississippi  is  eighty  thousand  bales.  Cotton  is  growing  to  weed 
without  top  fruit,  and  there  ia  some  rust  and  shedding  of 
squares.    Average  thermometer  75,  highest  83  and  lowest  68. 

Mobile,  Alabama. — It  rained  one  day  severely  and  was  showery 
one  day  the  early  part  of  the  past  week,  but  the  latter  part  was 
clear  and  pleasant.  There  were  delightful  showers  in  this 
vicinity,  lliu  indications  being  that  they  were  of  wide  extent,  but 
some  sections  are  still  seriously  suffering  from  the  long  and  pro- 
tracted drought.  Rainfall  for  the  week  seventy  two  hundredths 
of  an  inch  ;  for  the  month,  four  inches.  Average  thermometer, 
82,  highest  93  and  lowest  69.  The  first  bale  of  the  new  crop, 
received  August  5th,  consigned  to  A.  Proskauer  &  Co.,  by  A.  & 
H.  Strassburger,  from  the  plantation  of  Hiram  Vickers,  Mont- 
gomery county,  Alabama,  classed  ordinary,  was  auctioned  to  day, 
at  15c.,  to  E.  V.  George  &  Bro.  The  first  bale  last  year  was 
received  on  the  13th. 

Montgomery,  Alabama. — There  were  two  rainy  days  here  the 
past  week.  The  days  have  been  warm  and  the  nights  cold. 
Accounts  from  the  interior  are  conflicting,  but  the  drought  has 
reduced  the  crop  estimate.  Th»  first  bale  of  new  cotton  was  re- 
ceived by  A.  &  H.  Strassburger,  of  Grangers  warehouse,  on  the 
fourth  inst.,  (as  noted  above)  and  shipped  by  them  to  Proskauer  & 
Co.,  of  Mobile.  The  thermometer  has  averaged  79,  the  highest 
point  reached  being  97  and  the  lowest  65. 

Belma,  Alabama. — There  were  two  rainy  days  here  the  past 
week  with  a  rainfall  of  sixty-four  hundredths  of  &n  inch.  The 
crop  is  developing  ))romisingly,  though  a  few  caterpillars  have 
been  discovered  in  ove  locality.     Average  thermometer  76. 

Madison,  Florida. — Rain  fell  on  three  days  the  past  week,  the 
rainfall  reaching  seventy-nine  hundredths  of  an  inch.  Average 
thermometer  79,  highest  84  and  lowest  74.  Considerable  com- 
plaint is  heard  of  rust,  and  cotton  is  shedding  badly. 

Macon,  Georgia. — We  had  an  unusually  severe  storm  the  past 
week.  Crop  accounts  are  more  favorable.  The  thermometer  has 
ranged  between  68  and  94,  averaging  80.  Total  rainfall  for  July, 
one  inch  and  sixty-one  hundredths. 

Atlanta,  Oeorgia.~Wa  had  splendid  weather  here  the  past 
week,  rain  falling  on  one  day  to  the  extent  of  nine  hundredths  of 
an  inch.  The  reported  damage  to  the  crop  is  much  exaggerated. 
Average  thermometer  77,  highest  88  and  lowest  68. 

CMumhus,  Georgia. — It  was  showery  three  days  the  past  week, 
the  rest  being  pleasant;  total  rainfall  for  the  week,  one  inch  and 
eight  hundredths  ;  for  the  month,  one  inch  and  sixty-six  hun- 
dredths.   Average.thermometer  81,  highest  94  and  lowest  70. 


,— Ang.  7,'74 ■ 

Feet.  Incb. 

12  11 

8  11 

8  11 

5  0 

11  7 


SaiMnnah,  Oeorgia. — On  two  days  the  jmst  week  we  had  de- 
lightful showers,  and  the  indications  are  that  they  extended  over  a 
wide  surface;  the  remainder  of  the  week  was  pleasan'.  Rainfall, 
eighty  nine  hundredths  of  an  inch,  and  for  the  mopih,  one  inch 
and  fifty-one  hundredths.  Average  thermometer  80,  highest  96 
and  lowest  70. 

Augusta,  Oeorgia. — It  rained  here  lightly  on  five  davs  of  the 
week,  but  not  enough  to  do  much  good.  Reports  continue  un- 
favorable and  crops  in  this  section  are  generally  looking  very 
badly.  Average  thermometer  79.  Total  rainfall,  seventy  seven 
hundredths  of  an  inch;  for  the  mouth  two  inches  and  thirty-five 
hundredths. 

Charleston,,  South  Carolina. — There  was  no  rain  here  the  past 
week  ;  the  weather  is  hot  and  extremely  dry,  and  crops  are  suffer- 
ing for  rain.  Rainfall  for  July,  one  inoli  and  five  hundredths. 
Average  thermometer  83,  highest  93  and  lowest  75. 

The  following  statement  we  have  also  received  by  telegraph 
showing  the  height  of  the  rivers  at  the  points  named  at  3  o'clock 
this  afternoon  (Friday,  Aug.  6).  We  give  last  year's  figures 
(Friday,  Aug.  7, 1874)  for  comparison  : 

^Aug.  6,'75-, 

Feet.  Inch. 

New  Orleans.  .Below  high-water  mark 6  2 

Memphis Above  low-water  mark 33  0 

NaBhville.  ...Above low-wat<^r mark 13  0 

Shreveport Above  low-water  mark 12  6 

Vicksburg Above  low-water  mark.. 39  2 

New  Orleans  reported  below  high-water  mark  of  1871  untl^ 
Sept.  9,  1874,  when  the  zero  of  gauge  was  changed  to  high-water 
mark  of  April  15  and  16,  1874,  which  is  eiOths  of  a  foot  above 
1871,  or  16  feet  above  low-water  mark  at  that  point. 

Crop  Reports  op  the  Cotton  Exchanges  for  July. — We 
give  below  all  the  reports  of  the  Cotton  Exchanges  for  July  not 
hitherto  published.     Memphis  makes  no  report  this  month, 
({aestloiis. 

First  Qnestloa.— What  has  been  the  character  of  the  weather  since 

June  15th? 

fSecopid  (Ineatlon.— Has  the  weather  been  more  or  less  favorable  np  to 
this  period,  thuu  during  same  time  last  year  ? 

TUIrcmueotloii.— How  are  the  stands  in  your  section,  and  how  do 
they  comp:ire  with  same  timo  last  year? 

Fourth  dnestlon.— Is  the  cotton  plant  forming,  blooming  and  boiling 
well  ? 

Flftb  dnestlon.— Do  the  laborers  contintie  to  work  well  f 

Mxtli  Question.— What  is  the  present  condition  of  the  Cotton  Crop 
in  your  seciiou,  aurt  how  does  it  compare  with  same  time  last  yeir  ? 

Seventh  Clnentlou.— State  any  favorable  or  unfavorable  circamctanceB 
relative  to  the  growth  or  condition  of  the  Cotton  Crop  in  your  section  not 
covered  by  the  above  qnestions. 

Galveston  Department. 

This  report  covers  the  Stale  of  Texas,  and  was  prepared  and  issued  by  the 
Galveston  Cotton  Exchange,  through  their  Committee  on  Information  and 
Statistics,  composed  of  J.  B.  Braman,  Chairman,  J.  S.  Orinuan,  Thco.  O. 
Vogel,  H.  Batjer,  H.  I.  Anderson. 

Texas. — These  answers  are  condensed  from  133  replies  received 
from  71  counties,  and  .are  based  upon  mail  accounts  ending  July 
15th. 

Answer  to  First  Question.— 40  replies  report  weather  dry,  55  very  dry  and 
hot,  and  38  favorable. 

Answer  to  Second  Question.  -61  replies  report  the  weather  more  favorable, 
up  to  this  period,  than  same  time  last  year  ;  45  report  less  favorable,  while  27 
say,  "  about  the  same." 

Answer  to  Third  Question.— S7  of  our  responses  report  "  good  stands,"  35 
better  than  last  year,  ib  not  as  good  as  last  year,  and  46  report  about  the  same. 

Answer  to  Fourth  Question.— 106  replies  say  that  the  plant  is  forming, 
blooming  and  boiling  weil,  while  27  report  the  plant  small  and  backward  and 
not  as  promising  as  at  this  time  last  season. 

Answer  to  Fifth  Questidn.— Out  replies  to  this  question  all  indicate  that 
the  labor  is  much  more  eflicieut  and  reliable  than  in  any  previous  year. 

Answer  TO  Sixth  Question. — 63  reply  that  the  present  condition  of  the 
crop  is  belter  than  last  year,  26  report  it  not  as  good,  and  44  say,  "about  the 
same."  In  all  sections  of  the  Stale  the  plant  is  much  smaller,  and  is  consid- 
ered from  one  to  three  weeks  later  than  same  time  last  season. 

Answe?  to  Seventh  Question.— There  is  general  complaint  of  dry  weather, 
only  a  few  localities  having  been  visited  with  sufflcient  rain.  Several  of  our 
replies  indicate  that  the  plant  has  stopped  growing,  and  has  commenced  to 
shed  its  bloom  and  young  fruit.  So  far  there  ia  no  tppearanceof  the  cater- 
pillar. In  some  few  places  the  boll  worm  is  reported,  out  has  done  no  serious 
damage.    Rain  is  the  "one  thing  needfiU"  tO  secure  a  full  average  yield. 

New  Orleans  Department. 

This  report  is  dated  July  26.  and  covers  that  part  of  the  State  of  MUHa- 
slvpl  not  apDOrtioned  to  the  Memphis  and  Mobile  Cotton  Exchanges ;  the 
entire  State  of  Louisiana  and  the  State  of  Arkansas,  south  of  Ihe^  Arkansas 
River.  The  report  is  prepared  and  issued  by  the  New  Orleans  Cotton  Ex- 
change through  their  Committee  on  Information  and  Statistics,  composed 
of  Harrison  Watts,  Chairman.  J.  V.  Richards,  Wm.  A.  Gwyn,  K.  C.  Cam- 
mack,  Edward  Morphy,  and  W.  C.  Simmons,  Jr. 

Louisiana. — The  following  is  condensed  from  sixty-three  let- 
ters received  from  thirty-one  parishes,  and  their  average  date  is 
to  the  15th : 

The  character  of  the  weather  is  .generally  reported  as  favorable,  more  so 
than  at  the  same  period  last  yi'ar,  though  our  latest  dates  bring  us  complaints 
of  drouth.  The  stands  are  generally  good,  and  better  than  last,  year.  'The 
plant  is  blooming  and  boiling  well ;  labor  ufhcient,  and  the  present  conditiou 
of  the  crop  much  better  when  compared  with  last  year,  except  In  certain  dis 
tricts  where  rain  is  needed. 

Mississippi.— Condensed  from  100  replies  received  from  33 
counties,  nearly  all  dated  on  the  15th  of  the  month,  their  uni- 
formity of  date  being  a  great  improvement  over  the  past :     • 

The  character  of  the  weatlier  for  the  past  month  has  been  mainly  favorable, 
with,  however,  considerable  exceptions.  Some  letters  complain  of  too  much 
rain,  others  of  the  want  of  it,  these  opposite  reports  coming  often  from  the 
same  county,  showing  an  unusually  partial  distribution  of  rain  or  local 
showers.  Plantations  not  five  miles  apart  have  had  ton  much  rain  en  some, 
and  too  little  or  none  at  all  on  others.  Ono-founh  of  the  letters  state  the 
■'plant  is  too  largo  and  grovvi  I  g  too  fast  to  fruit  well,"  and  is  in  a  very  un- 
favorable condition  to  receive  either  a  protracted  drouth  or  wet  spell.  A 
very  few  complain  of  boll  worms  and  shedding,  but  no  apprehension  is  ex- 
pressed of  caterpillars,  none  in  noticeable  numbers  having  appeared.  Stands 
generally  good,  and  laborers  working  well. 


August  7,  161 S  J 


THE   CHRONICLE 


141 


ArkMUM. — Fortj  reporta  received  from  twenty-one  eoanties  : 
ne  wcMb«r  ka«  baea  (•scimllj  dry.  OceulMwi  •bowari.  bowerer,  htve 
prcreatel  ■■;  daaafc^  aad  on  ibe  wbole  U  baekMB  laare  fkrormble  lh«n  lut 
jMr,  ud  ataMM  m  good  m  eoold  be  wUbed.  Btiiiili  ft  nportad  nnirorinljr 
gen  aad  llw  pluc  fIviUag  remarlublr  well.  Tbe  yamcml  oeadltion  u 
■aiMbttdlr  Ike  toa«t  kaown  for  a  oacnbar  tt  jmn,  and  axeapUoK  some 
ajUiibMnhia  at  a  po«dMe  drratb.  the  tana  of  our  eotreapoaoanca  U  aa 
rbaaifiil ««  coeld  be  aaalrwL 


Charlmton  Departeent. 


ThU  reparleoten  a*  ■> 
thmOmStmrni 


ina,  and  ii  prepared  and  laaaad  br 
-trOommltt*N;  un  lofonuation  and 
nalmao,  Wm.  J.  McConnack,  L. 


koUlag  well    Tbe  Ubor  !• 
Moal  to  Inat  of  laat  year.    Fire 
injury  ironikiUl  and  from  too  moeh  wind 


■  OoMaal^ 

eeapoaed  of  J 
J.  Walker.  J  Si.  Thumi>aua.  \V.  K.  S; 

Moath  Carolina. — Coaiieaaed  from  97  replies  reeeiTed  from  39 
ooantiea. 

Tbe  wrather,  oo  tbe  whole,  haa  been      iin— Mr.  and  compares  farorablj 
with  that  of  last  jrear.    The  stands  arv  >«  t>ood,  tf  «oi  belter,  sod  tb«  plant  Is 
gsasiilly  rssortMl  aa  (onnlaic,   bloum  '^,-  s^  be'" 
aSelsnt,  andthe  preeeni  eoadltlun  U  ■■  : -ixt  eqoal 
aaawan  (ram  (oar  ODonllaa  report  injurv  iromhiUI 
la  oae  ouoatj  Uce  are  reportad,  and  ru.it  lu  snolber. 

Kkw   Cbop   Cottox. — Oar    Mobile    lod    Mooigomery    corrtv 

qwDdent*  talegmph.  lu  lo-oigbt  liiat  the  tiret  bale  of  thenew 

erop  cotton  laiaed  in  AUbunn  waa  r<;e<si*«l  at  Monlgooaery,  Aog. 

4,  by  A.  &  H.  Straaabarger,  from  the  plaatatioo  oi  Hlmm  Viekers, 

Moot^omerjr  eouotr,  Alabama.    Ii  waa  eonsif^ned  by  M«aara.A. 

A  H.  Straasburger  to  A.  Proakaaer,  of  Mobile,  wliere  it  wna  lo-dsy 

■old  at  auction  to  E.  V.  Ueor^  A  liro.,  for  loc     It  waa  daaaed 

ordinary. 

Taa  IfiMiasirPi  Ovkrvlow,— Of  «o«w  it  ia  Impoaaible  as 
yet  to  measure  tba  extent  ot  t:  •■  .laiaaiadone  to  eoiton  by  the 
coodition  rt  the  Uiaaiaalppi.  In  (act.  no  one  can  konw  tbe  reault 
until  the  flood  h«a  anbaided.  0:ie  of  oar  M>-ini>hia  ormapon- 
drnta,  however,  eaada  vm  this  we«k  a  eommnnieatlon  ot  much 
intfreat,  from  whidi  w*  make  thn  toUavhif  eviraet.  ainee  It  ao 
clearly  ataUa  tbe  condition  as  it  waa  laat  week,  Tharedar.aad 
therefore  belpa  lU  to  interpret  the  lat«<r  adrieea  o(  this  we«k  : 

MKJifnia.TKXi(.,  Jaly  89, 187^ 
Utrnn.  W.  B  Dana  A  Co. : 

OsntUwten  :  At  the  date  of  oar  telcf^ram,  lart  Friday,  llTiny  la 
circles  filled  with  mmnis  of  tliiK,  thai  an<l  another  plaalatloa 
undrr  water  or  so  nearly  so  that  any  fartbrr  rise  in  the  Wasls 
slppi  would  caiiSM  wholesale  deatru'iioo,  we  ami  too  a  more 
s^naatlooal  deopatch  thao  the  fact-a  warranted,  or  tl>yn  w>-  woald 
have  s^-nt  had  oar  reports  not  inrloded  fran  of  au-hipeted 
damage  aa  well  a^aeiaal  damaifr  already  done.  We  are  please<l 
to  aay  that,  to-day,  w<>  can  hear  '<l  n>i  pIsoMar  at  any  puiot  on  the 
Hrer  who  baa  aoff-"  ti  lamsfe  to  hia  oottoa  crop. 
Almost  every  planter  :  >  vrrj^  baa  had  a  small  portion 
of  bts  crop  hurt  by  overtiiw  sml  miM)  walar;  bat.  as  a  whole.  It 
amnanta  M  aoliiiaf .  Tlw  dajKvr.  iiow«««,  waa  msa(  ImvlaeBl 
sad  la  ant  yet  passed,  aa  the  riri-r  onarnertMlly  rose  oa*  laeb 
here  to-day,  sod  a  large  area  oi  r.  have  aow  all  they 
ran  safely  stand.  You  will  un'trr  <aea  more  clearly 
when  we  stale  that  the  river  bank  m  unually  tbe  hi^bsat  part  ol 
a  maa's  pteaution  ;  ail  of  ike  mil  is  alluvial,  the  aosnttoaa of 
the  yearly  ovrtllowv,  sad  tlie  ground  dasesads  as  yoago  away 
from  lbs  river.  The  chararter  ot  this  soil  is,  of  course,  soft, 
spongy,  and  betoi;  mostly  sandy  loaiu,  yields  to  tbe  least  pressure 
M  water.  The  planter  pnts  hi*  enttnn  }■  bla  opening  as  much  aa 
a  mile  daek.aod  two  io.<aa  or  m>rn  aU  atoaff  the  river.  The 
wai'r  permeate*  rverr  aqoam  in<-  :.  r'sultlac  in  many  atreama  of 
ilpe  water.  If  the  levee*,  loar- <ir<  u  they  are,  staad,  (and  the 
whole  State  of  Arkao***  ha*  i\  -  f  any  account,  while  the 
Misniaslppi  levree  are  very  p-^  -  ;>  may  be  as  badly  dara- 
■gad  fNHa  sipe  sa  river  water  dir- .  '.U*  ripe  water  either  kills 
taaplaait  or.  If  H  remains  standing,  ealiha  it  to  throw  lie  fruit. 
Thass  Idea*  we  know  are  correct.  Thavrilerof  ihiii  spent  last 
we^  OB  a  plantatloa  thirinen  mile"  t>e|ow  here,  ihrowinff  up  a 
leva*  of  \\  miles  front.  In  orHer  to  -^ve  a  planv>r's  crop  that  we 
had  advanced  several  thoa«e ml 'I "sr  vat*.  This  place 
wa«  low,  and  thoUKh  we  kept  tli"  ov-  .aid  iMt  prevent 
ilie  sipe  water  from  vettinr  thmmrh  "■•  >■■■'  i^^umi  near-by,  and 
snr  loag-eoatiawsd  presaar*  will  cause  dama^a  more  or  less 
which,  howwrcr,  euaol  to  total.           •           a           *  e 

Toura  truly, . 

Ttia  above  *hows  us  clearly  wber>'ln  tba  daager  from  this  fl'Md 
-ttnsfals  What,  however,  I*  thr  extent  of  tbe  harm  done,  since 
I  his  letter  was  written,  it  will  be  impomibln  to  slat*  until  the 
waters  subside.  To-nlifbt.tbe  river  aeemoto  be  stilt  rising,  and 
at  oar  latest  advless  was  aboat  elt;hl  iacbaa  below  tbe  rise  of 
March  last,  wltb  tka  8i(aal  Service  Bofiaa  pfadicting  a  farther 
rise. 

BOMBATBiimfairra.— Aoeordiactooiireable  dispatch  reeelved 
to^day,  there  have  been  t/KW  bales  shipped  from  Bombay  to 
OreM  Britain  -be  past  weak  and  no  balsa  to  the  C'-ontinent, 
while  the  raeelpts  at  Bombay  darioi;  tba  same  time  have  t>een 
3.0U0  balaa.  The  movemeat  since  tba  1st  of  January  Is  as 
follows.  These  are  the  ficares  of  W.  Nieol  A  Co.,  of  Bombay, 
aad  are  broacbl  dowa  to  Tharsday ,  Aug.  5: 

'^HMsati  this  weak-.  ^-Shlpasnustam^as.  V-^  . Bseslpta— > 

Onir     Caa-  flreai       ("oa-      _  This     Mace 


Brltafi.    Hasat. 
inn 


Total. 
1,M» 


t)r«ai 
Briuln. 

TT-.om 

TWl.Ort) 
Mr.MO 


iioaat.  VotaL 

t'lood  i,m.«oi 
num    - 


This 

weak.    Jan.  1. 

MOO  i;m.oso 
i,«oo  i.m,«o 

917,000 


Prom  trie  foregwlag  It  would  appear  that  compared  with  laat 
year  there  ia  a  i*»r*am  of  17,000  l>al-«  this  ywr  in  tbe  week'* 
•hlpments  from  Bomlwy  to  Europe,  and  that  the  total. movement 
•ince  January  1  shows  an  fnaraajs  In  sMmsaata  of  07,000  bales 
eompared  with  the  sorrespeadlag  period  tA  1874. 


QuNitY  Baos,  Baoginq,  Ac.— The  market  for  baggiofi;  dnrinflf 
the  past  week  hag  beuii  only  moderately  active,  but  prices  con- 
tinue firm,  and  sellers  are  not  disposed  to  make  conce.^sions  to 
effect  sales.  There  have  been  sales  of  about  6,000  rolls  here  and 
In  Boston  at  13^313{c.,  the  market  cIosIdk  tirni  at  the  latter 
figure.  "Bales  are  in  light  demand,  and  prices  arn  quoted  at  10c. 
for  native,  and  13^31^.  for  Borneo.  Bags  continue  quiet,  and 
prices,  iu  the  al^aence  ot  transactiODS,  are  entirely  nominal.  Butts 
(tave  been  in  fair  request,  and,  with  a  small  stock  in  hand  and  no 
arrivals  of  any  amount,  prices  have  become  a  shade  firmer,  and 
sales  have  t>een  made  of  DOO  bales  at  3c.,  time,  here  and  in  Boston, 
the  market  cloaiug  firm. 

VisiBLB  SappLY  or  Cotton  as  Made  op  by  Cablk  andTklk 
SRAPO. — Below  we  give  our  table  of  visible  supply,  as  made  up 
by  cable  and  telegraph  to-niitbt.  The  continental  stocks  are  the 
flifure*  of  last  Snturday,  but  tbe  totals  for  Ureat  Britain  and  the 
afloat  for  the  CouiiQeui  are  this  week's  returns,  and  consequently 
brought  down  to  Thursday  evenintr;  hence  to  make  the  totals  the 
complete  figures  for  to-night  (Aug.  6>.  we  add  the  item  of 
exports  from  the  Dnited  Statea,  including  in  it  the  ^rrmrtsof 
Friday  only. 

U7B.  1874.  187S. 

Slock  at  Liverpool M«,(iOO  tll.OOO  845,000 

Stock  at  London ,.„.       M,SOa  118.790  tOl.lAO 

ToUlOreatBrlala  stock  1,058,1100 

SloekuUaTre 184,900 


Stock  St  Marselllea... 
Stock  at  Baroetena .. . 
Stock  atBambnrc.... 
Slock  at  Rremeo .  . . . 
Slock  at  .\materdain. 
Stosk  at  Boltardam . . 


portt 


8,000 
80,00)1 
11,000 
4S.00O 
41,790 
10,000 

4,000 
'.5,0FO 


Total  eon Uaslal  port*. »MM 

TatsIKaropsaa  stacks. l,4at.7«0 

IsdteeoMooajatlCr  Karops nl.OOO 

Aasrlesa  cottoa  alost  for  Borope  8t,lM 

Igrpt.  Brasll.  Ac.,  afloat  for  Korope 81,000 

Stock  la  Catted  StsiM  pons I»,MM 

iliaefc  la  Oallsd  Btates  Interior  ports  ...  8,789 

UsUad  Stale*  azports  U>  day 1,000 


1,014,790 
lli3.000 
15,790 
TS.730 
81,780 
48,000 

8^aoo 

18,000 
18,000 
S7,000 

48t,eo 


1,046,780 
191,100 
14.1S0 
45.000 
84.000 
91,900 
101.800 
81.800 
19,900 
88,000 

841,180 

1,998.000 
879,000 
78,000 
88,000 
143.498 
11,954 
1.000 


Tstal  vtslklesapftr bals*.  l.ltl,»tl  1.811.991  l,n8,U0 

or  Iks  above,  the  totals  or  Amsneaa  and  other  descriptions  are  aa  fol- 


Ll»f  sil  «todk *... 

CeaUaaaial  Mocks 


Daiu4l 

Oaltad  Sisiss  latsrior  atoek*. 

0aHa4  aiBtas  rspmis  co-dar  . 


T<i4al  AMsrieaa 


ttlvsrpoot  stack ....  . . .  h  , 

Loadea  stsc^..... .••.., 

OosttasaUl  stashs 

tadlaaSaaOarBaraee 

■gypt.  Brasll,  Jkc.  afloat 

Tdlallasi  ladla.*e 1.<M.;80 

Total 


888.000 

899,009 

847,000 

194.000 

r«,ooo 

181.000 

9MU 

99.000 

78,000 

118,109 

199,«t 

143,486 

8.7W 

11,880 

ll.lM 

1,000 

1.009 

1.000 

«MH 

9ta.gM. 

848,410 

«M11 

811,000 

496,000 

.NJiO 

118,790 

101,780 

a9(.ao 

108,190 

817,180 

BU.000 

818,000 

179^)00 

81.109 

61100 

98,000 

1.9M.;80 

1.411.000 

1.491,000 

HMM 

lia.9U 

818,410 

vm\*» 

MUMM 

l.n9,410 

7KA 

»K<1- 

«x<>. 

IWal  visible  sappiy hi 

Pries  HUdllag  Upiaada.  Liverpool.. 

The**  B^urvv  Indicate  a  Attrt***  in  tbe  cotton  In  siirbt  to- 
oi|rhi,  of  100JP50  bale*  as  compared  with  '.he  same  date  of  1874, 
aad  a  rfiwrsiiii  of  53,701  baton  as  compared  with  the  correspond- 
loK  dau  of  I87>. 

MorMMKMTS  at  COITOII   AT  TUB  IMTBHIOR  PORTS.— Below  WS 

irlve  tbe  movementa  of  cotton  at  the  Interior  ports — reeaipts  and 
slilptnen'*  (nr  the  week,  and  stock  to-aijfht,  and  for  the  correa- 
poodioif  week  of  1874:  , ;, 

,-W*«ksodin<Aac<k  '7»^^W*ek  ending  Aag.  7.  '74.-. 


Aagasfit.TT^. 

lis 

88 
• 

191 
81 

l.8tt 
TOO 
8flO 

418 

896 
4* 

114 
14 

110 
Kl 
810 
84 

7,a6 

Oolaabas 

I.Ml 

Hseoa  

1.014 

MeaHMsry 

OM 

galma 

14 
154 

81 

171 

Mi 
8,166 

19 
896 

n 

1,478 

4<T 

Mseiphl* 

6.980 

NaabvlDe, 

1 

4M 

191 

i.m 

1.817 
8,789 

198 

1,198 

188 
1.399 

3.798 

ToUl.olA.... 

28,380 

» 

84 

86 

19 

40 

Its 

itISBiS           

8 

u 

874 

16 

41 

087 

St-Loala 

■ 

118 

(98 

111 

BM 

4,879 

Ulaeiaaad 

UB 

8*1 

t,aoe 

488 

1,1M 

7,«n 

Total,  new 

n* 

1.838 

8,710 

804 

i,8ie 

13,111 

— 

■  ■  — 

—  — 

ToUl.all 

186 

1.878 

11,499 

1,761 

4,094 

86,481 

The  above  totals  show  that  theold  interior  stocks  havedssrsassd 
durinx  the  week  603  bales,  and  are  to-night  13,r)0t  bales  lt*t 
than  at  the  same  perio<<  last  year.  Tbe  receipts  have  been  733 
bales  Ut*  than  the  same  week  laat  year. 


142 


THE   CHRONICLE 


[August  7,  1-^.6. 


Tbe  ezportii  ot  cotton  this  week  from  New  York  show  a 
decrease,  as  compared  with  last  week,  the  total  reaching  1,495 
bales,  a-jainst  5,617  bales  last  week.  Below  we  (five  our  usual 
table  showiug  tbe  exports  nf  cotton  from  New  York  and  their 
direction  for  each  of  the  last  four  weeks ;  also  th»  total  ex- 
ports and  direction  since  Sept.  1,  1874;  and  in  the  last  column 
the  total  (or  the  saiuj  period  of  tba  previous  year. 

BKporUatOott<»u(balea)n-oni  New  York  sluceitept.I,  18T4 


■XPOBTID  TO 


Uvorpool 

Otiier  Britieh  PorU. 


TotKl  to  ot.  Britain 


Havre 

Otber  French  porta. 

lotal  French.. 


Bremen  and  Hanovez . 

Hambarj; 

Other  ports 


Total  to  N.   Europe, 

Spain, OportoftQlbraltar&r 
All  others 


Total  Spain,  Sec. 
erand  Total 


WBBK  ■■BUIS 


July 
14. 


6.839 


59 


8.11 

-.49 

2,839 


3,342 


July 
21. 

1,156 


i,!58 


550 


649 


«8. 


110 


110 
63S 


713 
4,166 


4.869 


10.810        1.805        5,617        1,485 


Ang. 


695 


695 


800 


800 


Total 

to 
date. 


364,a%a 
7,033 

371.886 

12,348 


12,248 

23,19« 
18,'i« 
9,S89 


51,257 


65 
435.456 


Same 
period 
prev'us 

year. 

429,102 


4S9,I02 

6.932 
1,701 


8,63:} 

80,561 
4.043 
3,238 


27,842 


25 
2.647 


8,672 
468.249 


Theiollowingare  the  receipts  ot  cotton  at  New 
Philadelphia  and  Baltimore  for  the  last  week,  and  si 


York,  Boston, 
nceSept.1,'74. 


bbok'tb  fbom- 


New  Orleans.. 

Texas 

Savannah 

Mobile 

Florida 

6'th  Carolina 
N'th  Carolina 

\rir(!lnia 

North'rn  Ports 
Tennessee,  Ac 
Foreiffn 


Total  this  year 
Total  last  year. 


NBW  TORK. 


This       Since 
week.    Sept.  1 


130 

282 

25 


76 

8 

117 


361 
95 


1,093 
6.058 


112,6491 

67,1401 

lin,i34i 

1,270' 

5.509| 

118,20.1; 

59,682 

151,447 

13,SiiSl 

157.739; 

3,049, 


800,190! 
957,999! 


This     Since 
week.  Septl. 


33 

1,0B1 

11,9 


1,899 
2.27-2 


35,377 
16,798 
45,001 
20,722 

23^615 
-  6! 
73,576 
70,695 
38,931 
162 

021,326 

3.39,435 


PHILADKLP'IA 


This     Since 
week.  SepUl. 

5,91b 
4,184 
16.545 


5,793 
31,96- 


262 
84S 


63,40»; 


42.317 


BALTIHOBB. 


This    Since 
week.  Sept.). 


:oi 


811 


18,745 


12.2!6 
18,911 
61,524 

8,132 


119,E2S 
l;l..')64 


SiilPPlNG  Nbws. — The  exports  ot  cotton  from  the  CTnited  States 
the  past  week,  as  per  latest  mail  returns,  have  reached  3,583 
ball's.  So  far  as  the  Southern  ports  are  concerned,  these  are  the 
same  exnorts  reported  by  telegraph, and  published  in  TheChboh. 
ICLI!  last  Friday,except  Galveston,  and  the  figures  (or  that  port 
are  the  exports  for  two  weeks  back.  With  regard  to  New  York, 
we  include  the  manifests  of  all  vessels  cleared  up  to  Wednesday 

niglit  of  this  week.  n.  .  .  ,,  , 

^  Total  bales 

New  York— To  Liverpool,  per  steamers  Repablic,  96 Nevada,  576 

England,  2:1 60.5 

To  Bremen,  per  steamer  Main,  800 g0;j 

New  Orleans— To  Liverpool,  per  steamer  State  of  Alabama,  345 345 

To  Vera  Cruz,  per  brig  Espeninza.  427 427 

Tkvas— To  Liverpool,  per  steamer  San  Antonio,  1,325 '. 1,225 

Baltimore— To  Bremen,  per  steam,  r  Braunschwiig,  25 25 

Boston— To  Liverpool,  per  steamer  Marathon,  66 66 

ToUl 3,583 

'flia  jirtiniilars  >t  'Ij.ise  sbipiutf  a  la,  arranged  in  our  uxual  rorm 
are  as  follows: 

Liverpool.    Bremen.  Vera  Cruz.    Total. 

800  ....  1.495 

772 

1,225 

25 

66 

3,583 


New  York. 


695 


25 


427 


427 


New  Orleans 345 

Texas 1,22S 

Baltimore 

Boston 66 

Total 2,331 

Below  we  give  all  news  received  to  date  of  disasters,  &c.,  to 
▼essols  carrying  cotton  (rota  United  States  ports  : 

South  Carolina,  str  ,  Nickerson,  from  Charleston,  at  New  York  July  31,  broke 

her  cog  wheel  on  the  passage. 
Fraibik  Bird,  bark,  from  New  Orleans  for  Liverpool,   which  put  into  Key 

West,  .June  16.  with  her  cargo  (cotton)  on  Are,  completed  repairs  and  had 

nearly  lltiished  re-loading  July  21. 


Cotton  freights  the  past  week  have  been  as  tollows  : 


Saturday... 

Monday 

Tuesday. .. 
Wednesday 
Thursday.. 
Friday .  .-. . 


Steam. 

d. 
..@V 

..av 
■  ■&^ 


Liverpool. 


SaU. 

d. 

.@« 


V — Havre. — , 
Steam.  Sail, 
c.        c. 
11-16 
11-16 
11-lfi 
11-16 
11-16 
11-16 


Bremen. 

Steam.  SaU. 
c.  c. 

Xcomp. 

><comp. 

J^comp. 

)^comp. 

>tfcomp. 

i^comp. 


-Hamburg.^ 

Steam.    Sail. 

c.  c. 

Xcomp.     .. 

^comp.     .. 

Xcomp.     ., 

Jicomp.     .. 

Jicomp.     .. 

^comp.     .. 


IjIverpool,  Aug.  6. — 4  P.  M. — By  Cable  prom  Liverpool. — 
The  market  has  ruled  quiet  and  steady  to-day.  Sales  of  the  day 
wore  10.000  baies,  of  which  2,0C0  bales  w"ere  (or  export  and 
■peculation.  Of  to-day's  sales  5.000  bales  were  American.  The 
weekly  movemeat  is  given  as  follows  : 

July  16.  July  23.  July  .30.  Aug.  6. 

Salcsof  theweek bales.    51.000  61,000  74,000  6S,000 

Forwarded 5,000  6.000  .".OOO  2,000 

of  which  exporters  took 11,000  16,000  12,0U0  13  ODO 

of  which  speculators  took 2,nflO  6.OOO  9,000  5  UOO 

Total  stock 1,047.000  1,036,000  1,013,000  959,000 

Of  which  American 611,000  592,000  684,000  553,000 


July  16. 
Total  Import  of  theweek 63.000 

of  which  American ,     ..    23.000 

Actual  export       loiooO 

Amountalloat 465,000 

of  which  American .    69,000 

Tli«  following  table  will  show  the  dally  closing  prices  of  cotton  for  the  week 
...J,    „  ,     J     .^'l"-  ^°'^-  T''«»-       Wednes.       Thnrs.       Fri. 

''^o'E&tA^t:     "o'"^^.     ]U:.    ]^i::    ?jj|: 

t^~  Far  European  Cotton  MarUU  stt  page  180. 


July  23. 
45,000 
14,000 
10.000 

447,000 
66.000 


Jnly  30. 
44,000 
26,000 
111,000 

404,000 
89  000 


Aug.  6. 
li.OOO 
5.000 
13,000 

401.000 
26,000 


•7V 
7X 


BREADSTUFFS. 

Fkidat,  p.  M.,  August  6,  1615 
The  depression  in  flour  noted' last  week,  as  the  effect  of  the 
return  of  comparatively  good  weather  in  England,  and  the  conse- 
quent subsidence  of  speculation,  was  nearly  recovered  early  in 
this  week,  owing  to  a  speculation  on  Western  account  growing 
out  of  the  prolonged  rains  and  tbe  disastrous  floods  which  have 
occurred  in  the  valley  of  the  Ohio  and  other  portions  of  the  West. 
These  have  no  doubt  been  unusually  severe,  and  have  done  a  great 
dealof  damage,  but  with  the  return  of  fine  weather,  there  is  a  dis- 
position to  regard  the  reports  as  somewhat  .exaggerated.  Flours 
from  winter  wheat  have  shown  the  most  business.  On  Wednesday  a 
large  business  was  done  in  fair  shipping  extras  from  spring  wheat, 
at  $6  10(36  25,  but  most,  bids  were  yesterday  reduced  to  $6.  To- 
day, on  favorable  I.,iverpool  advices,  flour  was  10@15c.  higher  and 
more  active,  with  large  sales  of  shipping  extras  at  $6  15(g6  SS- 
Rye  flour  has  been  dull,  and  corn  meal  drooping. 

The  wheat  market  opened  the  week  very  excited  and  buoy- 
ant, and  on  Wednesday  Spring  wheats  had  regained  all  they 
had  lost  the  previous  week,  while  Winter  wheat  reached  even 
higher  figures,  with  large  sales  for  spot  and  all  August  at  |1  39 
@$1  40  for  No.  3  Chicago,  $1  49(a|l  50  for  No.  1  Spring,  and 
$1  58a$l  60  for  amber  Winter.  Yesterday,  however,  part  o( 
this  advance  was  lost,  with  large  sales  o(  No.  3  Chicago  at  %l  36 
(Sfl  38  for  fair  to  prime,  on  the  spot,  $1  47rffi|l  48  for  No.  1 
Spring  (or  all  August,  and  |1  58  for  amber  W  inter.  The  storms, 
alluded  to  above,  have  done  much  damage  in  the  Spring  wheat 
sections.  To-day,  the  market  was  firmer,  on  the  foreign  advices, 
with  sales  of  No.  3  Chicago  at  $1  38(a|l  40,  No.  3  Milwaukee, 
$1  43(a|l  45,  and  No.  1  Milwaukee  |1  50,  but  the  close  was  dull. 
Indian  corn  has  been  active,  but  at  variable  prices.  The  supply 
has  been  more  liberal,  and  much  of  it  out  of  condition,  so  that 
heated  mixed  sold  yesterday  at  77(380c.,  with  fair  to  prinie  84@ 
86c.,  and  choice  S7@87ic.  on  the  spot,  with  three  loads  of  prime 
sail  mixed  for  September  at  88c.  The  storms  and  floods  have 
injured  the  growing  crop  of  corn,  as  well  as  that  of  wheat,  though 
probably  not  to  the  same  extent.  To-day,  the  market  was  lower» 
at  82(a85c.  for  fair  to  prime  mixed.  Rye  has  been  steady,  and 
yesterday  a  boat  load  of  Canada  in  bond  sold  at  9oc.  Barley  has 
shown  an  upward  tendency,  and  four-rowed  State  for  September 
delivery  quoted  at  f  1  20(g$l  35.  Barley  malt  has  been  more 
active,  with  sales  for  cash  at  $1  35  for  two-rowed  State,  $1  46  for 
four-rowed,  and  $1  60@$1  65  for  Canadian. 

Oats  were  excited  early  in  the  week,  and  higher  prices  were 
obtained,  a  line  of  No.  2  Chicago  selling  for  the  last  half  of 
August  at  66c.;  but  the  trade  held  off,  and  yesterday  there  was  a 
sharp  decline,  with  large  sales  of  prime  mixed  at  62c.  in  store  and 
64c.  afloat.  The  larjje  stock  in  store  here  defeats  speculation  for 
arise.  To  day,  Ihere  was  an  advance  to  66c.  for  prime  mixed 
afloat,  but  the  close  was  dull. 

The  following  are  closing  quotations  : 

Floor.  i  Ubaih. 

No.«............;.fiJ)b;.i4  60®  5  20|  Wheat— No.3ipring, bash. $1  30®  1  38 


Saperiine  State  &,  West 
em .■)  40a  5  85 

Bxtra  State,  Ac b  10®  6  40 

Western   Spring  Wheal 

extras 6  003  6  SO 

do  XX  and  XXX 6  603  7  75 

do  winter  wheat  X  and 
XX  5  403  8  40 

City  shipping  extras. .  ..     6  353  7  26 

City     trade   and  family 
brands 7  403  8  40 

Southe'ii  bakers' and  fa- 
mily brands      7  503  8  50 

Southern  shipp'g extras. .    6  50;^  7  20 


.•(o.  2  spring 1883  144 


No.lspnng 1473  150 

"   "  Western 1  603  I  67 


Red 


Amber  do 1  58,3  1  60 

White 1573  162 


773  86 
90®  91 
853  87 
...3  ■-.- 
933  1  10 


Rye  flour,  superfine. 
Corn  meal — Western,  &c. 


Oom  meal — Br'wine.  &c 
The   movement   in 
lows  : 

, RBOEIPTB  at  NBW  TORK. 

. 1876. ,        Since 

For  the  Since  Jan. 
week.  .Ian.  1.  I,  !?74.- 
Floor,  bbls.  6S  663  1,9,58  5S4  2.854.9.W 
0.  meal. "  .  3,630  78.1.52  1-35.433 
Wheat,  bus.  .%0j.211  12.6r5,.3RB  2.5,706,728 
Corn,  "  .  7  S.nBO  n,88!.743  18,945.711 
Rye.        '•  7,16(i         80.731       444.259 

•Barley  "  .      11.501    1.141.988       698.243 
Oats  ..."  .     108,642    4,963.400    6,533.684 


Corn-Western  mixed .. 

White  Western 

Yellow  Western 

Southern,  yellow 

Rye . 

Oats— Black 

Mixed 

White    

Barley— Western 

Canada  West @ 

State 1  16(3  1  30 

Peas— Canada 1183  140 

breadstuSs  at  this  market  has  been  as  fol- 


64® 
67® 


66 
72 


4  753  6  25  I 
4  103  4  60 
4  903  6  00  I 


BXPORTS  TROM  NBW  TOBK. , 


1875. 

Port  re     Since 

week.     Jan.  1. 

35.219    1,087.481 

8.670        105,760 

.529,9')1  13.998.683 

319.621      7,0.18.591 

7,573       ll;),«60 

110 

3.122        74,838 


1874. 

For  tbe      Since 

week.      .Tan.  1. 

36,186     1,327,209 

4.1^8        152,513 

346.914  2S.9.56.580 

806,4:',9  13,622.842 

873       5J3,324 

446         74',287 


*  In  "  Receipts  at  New  York"  tnclndea  also  malt 

The  following  tables  show  the  Qraio  in  sight  and  tbe  move- 
ment of  Breadstuffg  to  the  latest  mail  dates : 


Angnst  7,  1875.J 


THE  CmtONICLR 


143 


KBCBtrr*   AT  LAKK   AND  RITKB   PORTS   FOm  THB  WBKK    KNDIHO 

ixn.r  81.  AHD  rROM  ado.  1  to  jitlt  81. 

Floar,  WkMt,  Corn.  Oat*.  Barlrj,        Rye, 

bblik  buh.  ^  buah.  bnah.  buah.        bush. 

At—                      (:«6  lb«.)   (W  Ib*.^  (M  lb*.)  (n  lb«.)  «8  lh«.)  (U  lb«.) 

ChlOHIo.. ^     31419  •n.ns  l.U^CM  n.SM  S.7VI       lO.IitS 

IIUwukM U.HH  l.m,«M  1^«M  1S,IM0  l,«S         1,800 

Tat*4^ %*t»  aiM8  131.904  1.87;  100 

IMnUL (.on  41,919  LMI  1J8S          

cteMiud. nat*  M,«o       \*»      1S.00O       

•«.  Lo«ia....._ t.n*  i«,9ii  sg,<n      bm        ....       8,sio 

PMria.    1.1Dft  MU)  90.980       18,4as         ..  .      II.MO 

DalMk t^n*  UMM           

Toui..     1U044  a.aHL«8  i.Mo,4M    ir.an      B.1&1     mjos 

Prmou*  WMk. 10a.M8    X.M8L8aB    l,AT^9t*      I10.QSO        3.738        i,4M 

OnrrMp-BCWMk.T4.     S4.MI    1.041.808    l.!>9».lff      m,.1M  *    4IS780       17,44* 

■It.    93S3B  i,na.ui  t.i!ti.aM     404.945     ic.nM     ia,o44 

It.      n.nt       4K.5I5    1.078.818       J*e,5l«       90.841         7.97S 
M     US,*tr    l.m.UT    1.74A.9tT    l.MB.afiO       48,1V7     1M.SM 

■70.    n,MS  umjm    8*6,790    1*4.734     10.U0     4s,»u 

TMal  A««.  1  tedaU.  A*I*J«S  M.iaiJM  4«.m.ilS  l*.*H[,41S  \7S3.ia8  I.l9<.0t0 

asMttaa  ws-M.  .•.■■•.Me  ujtm,m  *\.im.mnumjiM  *.onjm»  \.n*,v.i 

tOmt  tK%-n.. .Z,Vl.tK  ft«,80i4»t  •t.4»i.*M |y4U*4  •.Itf.OtI  1.9PI.138 


R»e. 

ba«h 
18.0]« 


Bmnnam  or  Fu>aB  ass  Orapv  from  Uke  pons  for  tli« 
we«k  eoding  July  31,  1875,  sod  from  Jao.  1  to  Jalj  81,  Incloaire, 
for  foar  yaara : 

Ploar,     WhMt.        Cora,       0«it,      Barle), 

Wmktmiai—  hbU.       ^ath.        bnih.      feoab.       boib. 

JaiT*i.i9 imjm  i,8i»,r«!  uw.tu     uiits      ^^»^ 

JbI7*4.*b .•loo^ia  t.044.i»  i,797.*a    at.«M      •.m 

JaljrIT.  rs IMIO    I,*M,7*0    I.U.1,08t      |*I.4IW        t.VU        i.nt 

Jal7M,*n M,M1    I.S0I,4M       8IV.»8(      iSllOS        4,aM        &m 

Jaa.llo«M« Jum^T4l  lOjatLM*  tl.l«,:a8   U**,*W     n*.l«l      IM3M 

aaaa  Mm  IIM. IJ*W45  «4BIMn  *7J<I7,:I4   MKI.*")  L^O-an  <.S74L4I» 

MwMitiM  wa A4ao,nii  ujmjtu  i5.99i.*m  njm.m  i.m*.04s    or.*!* 

Hum  tiM  tfn  .....tjaO.W>    8,848,801  U.tM  08*  IOl480.t7S  1,048.0*4     W8,80O 

UKMFTo  or  wutvm  AHoaRAiii  at  «bam>asd  port*  won  thb 

fTBBX  Bjn>tlf«  JITLT  31.  1873,  AAO  PROII  JAX.  1  TO  Jin,T  81 


Al- 
Raw  Tack 


PorllMd 

MoMraal 

PkltedalpUa.. 
BalUaota.... 
NawUrUuw. 


Floor. 
bbU. 

mjM 

ItLtN 


WkaU, 


14,lao 


■0.730 

ii*.*ao 

».4S4 


Com^ 

boob. 

4«.310 

nt.48t 

149.40* 
140.4(a 
41.48* 


Bamr, 
boah. 
4.80 
10* 


.«»!»• 


aao 


luo 


Total I47,4M    l,*>Mn      9U.7i« 

avaak 17*,l«r    I.MMM      *»i.vTt 

Oor.  waak*94 110,146      ItUtM    1.8IM.-T 

Total  jm.1  to  «■*•.&  nuni  iwn,in  »,3r<,4ifl 

—H jU*M«HJ4I.M*U.<M,)««| 

■ A«M«  tvmjm  »t,i*7.s«  L__ 

n. 4j4M»  i,*n.*aD  44.s34.48*  lUM,*!? 

Thb  Vuibub  »arn.i  or  UHAi.t,  iMladioK  the  atock*  la 
irraaarj  al  ir.o  i»riaeipttl  poiou  of  ac«Maal*tl<m  •(  Uk«  aoH 
oaoboard  porta,  la  trmauiit  ob  tlio  lakea,  th«  Haw  Tork  ouwla  M>d 
bjrmil,  Jul/ 31,1873: 


1^4*4       t.0T« 

«,>78      11.7*0 

StLtTO   148.180 

;SMM  M«,i«: 

l,«a*,iM   cr«.808 
l,ltllN    440.790 


la  fton  at  !taw  Torfc. . 

(a  Mora  at  AlbaaT    Tj 

la  ilOTa  ai  Ba&la 8MUMt 

la  atora  *l  CblcMO LUMfr 

la  atnra  al  Mllmakaai lj048iaao 

la  •tor*  at  Oalalb. (l.Tlt 

la  turn  u  Tolilo 

la  a4or«  at  I>atia4t 

la  (lara  at  oovafv*. . ... 

laatawillt.  Lwlo. in.ni 

laataraatfaaata....  Ml* 

■  ■  MOWM   BOBlOfl..  .•     aoaoaaaa  9^MB 

UataraatTatoato,  Mkt*» 

la  Mora  at  MoafNal.. •|1«4 

la  t4ara  at  PWIadalpUi* nUW 

laataaaatflalf  mi*... MM 

UkaiMfaoH 1.0I8I.804 

aaamfSaST m,tm 

omWmtrm^tmtiB. tjam.ii* 

Jaly  *4.  in* 

Aag.  1.  MM  .._ 


Cora, 
boab. 

4.080 

tBI..'« 

«A«.0»» 

3r7.440 

4ti.<rt* 

»>.7tl 

I 1.000 

70  MO 

t:.o*« 
7*.a« 

IMIl 

*«.oat 

8*4.7*4 

1.10*  4W 

480.1*1 

70T.7ff 


8ML0** 
TLtOO 
I*  Ml 

fl«.l*« 

l*.4*l 

SLIM 

US 


m.mt 

4Mlt 


■sz- 


4.1*3 


1,«IT 


■7». 

boak. 
tkm, 

14,104' 

i!at4 

1. 1*8 

"i« 


Mm 


8.9I1.0M 
MT4,1*I    7JM.1N    t,1i 

•.4KJM  i.tMi.oi1     a; 


1,1*8 

ijai 

to 
n,in 

•.49B 


IM07      O*.*** 


8A.;** 

U*llf7 


THi:  DRY  GOODS  TRADE. 

racMT.  p.  IL,  AacM  «,  ltl*k 
Tho  damaffo  done  to  tbo  oopo  In  the  WaM  bao  bad  a  d«pf«*ala|( 
laflaasco  apoo  the  markat  tUo  we<-k,  and  bayvro  from  oomo  of 
lb*  moat  importanl  diatriboUag  poiota  bava  aoBdodtd  to  a«alt 
fortbar  doralopmnaia  bofor*  raaomiDK  •paraUow.  Tbar*  waa 
boworar,  a  tUr  BMraiaaBl  ta  aataa  daaorlpOiMa  o(  ilntiioallii  looia 
trom  tint  baada,  aad  otiietl/  aaiiniD  labrlca  toeb  aa  wool  flaaaala, 
boala/7,  worotad  drcao  ffooda,  Wotrju.  ahawU,  fah  akirta,  ice., 
maallaatcd  a  HMdatala  itgnm  ol  actiTlty.  Tbe  print  market 
barama  aaaattled  rarly  in  the  week  hj  iba  redaction  of  Cdtbaou, 
Maadiealar  aad  PadAo  priota  to  Sic,  which  had  Iba  efleet  of 
atlmolaUBC  tka  ilomoail  far  tbaae  ataodard  gooda,  while  ereatlog 
a  daprioaleB  im  othar  iB4ikaa  of  lee*  rppaUtioa  which  era  held  at 
tba  aaaM  price.  Dombatic  gooda  are  h<-ld  wHb  eotwiderable  flrm- 
aeeo,  bat  at  ptieea  aflbrdioc  a  yrrj  aliKbt  maritia  of  profit  10 
maoafactarero.  ProdaeUoB  of  cotton  gooda  baa  been  farther 
decreaeed  hj  eloeinic  aearlj  all  the  Fall  Rleer  print.eloth  millii  on 
aaeoBBt  of  a  atrike  amoog  tbe  operatlrpa,  aad  maaj  of  the  woolen 
ffoods  mllle  are  aboat  waatlBg  to  ran  on  ahort  time  becmoee 
prices  are  ao  low  aad  iiB|miliM  .  A  allffht  improremeat  io  to  be 
acted  in  the  jobbiof  braa«haa  of  tbe  trade  aad  more  laqairy  for 


•♦-•eaortmeiit*  by  retailers  wlio  haTejnst  completed  stock-taUnfr; 
bat  tbe  traffic  in  imported  goods  baa  oootinued  light 

Domestic  Cotton  Goods.— The  expected  improTemeDt  in 
cotton  goods  has  not  been  realized  and  during  the  week  transac- 
tions were  Btrlctly  moderate,  on  the  whole.  There  was  a  well 
•ostained  demand  for  co'.ton  flannels,  cheviots  and  certain  makes 
of  four-yard  and  heavy  brown  sheetings,  which  were  distributed 
to  a  lit>eral  aggregate  amount,  otherwise  selections  were  of  a 
hand-to-moath  character.  Staple  ootton  goods  remained  unchang- 
ed in  price  except  Conestogo  tickings,  some  numbers  of  which  were 
rednced  Kglc.  per  yard.  The  strike  which  has  occurred  in  the 
Fall  River  print-cloth  mills — most  of  which  hare  been  closed— has 
had  the  effect  ol  strengthening  prices,  although  there  has  been  no 
material  advance,  and  extra  Standard  64s  closed  at  5J^|c.  with 
few  transactions.  Dark  prints  which  have  been  placed  on  the 
market  at  aoprecedently  low  priees,  l>ecame  more  active  althoagh 
iodividaal  selections  by  city  and  oot-oftown  jobbers  were  notice- 
ably small,  and  calculated  only  forthe  supply  of  the  eirMesi  trade. 
Coeheco,  Paci6c  and  Manchester  fancy  prints  were  reduced  to  8Jc., 
Pacific  robes  to  S+c,  Allen's  fandes  to  8c.,  and  Allenss  and  Mal- 
lory  pink*  to  84c;  Lancaster  and  Renfrew  ginghams  were  in  good 
demaod  and  both  makes  are  snld  to  arrive. 

D01CK8TIC  WoOLKji  Goons— The  distribution  of  men's  wear 
wooleaa  has  Iwen  quite  moderato,  and  transactions  were  mainly 
coafiaeo  to  limited  sales  to  jobber*  and  the  smaller  clothing 
trade.  Worsted  coatlnts  and  E'yrisns  w-re  in  fair  requestr  and 
aooie  larire  deliTorlea  of  these  goods  were  made  on  account  of 
former  order*.  Fancy  ca*simerea  dragged,  and  there  was  a  less 
aetiva  demaod  for  Kentucky  jeans,  but  price* on  both  descriptiona 
of  goods  were  well  maiouined.  There  was  an  improved  demand 
for  white  and  colored  wool  flannels,  and  the  salea  ot  the  week 
leachad  a  fair  aggregate  amount.  Blanketo  were  also  Uken 
more  freely  by  tbe  Weetern  trade,  in  both  white  and  colored 
makea,  aad  are  firmly  held  at  mling  quotations.  Felt  skirts 
were  opaaed  by  eeveral  agents  and  met  with  moderate  sales. 
Woolaa  aad  worsted  reversible  sbawl*  cnntlnaed  quiet,  but  the 
supply  la  Bot  yet  large  enough  to  induce  operations  in  these 
gooda.  Woven  worsted  drew  fabriet  became  more  active  with 
tba  opaalog  of  tbe  PariBc,  Mancheater,  Washington  and  Schep. 
par'aaiakaa,  and  the  Hamilton  printed  reps  met  with  fair  sales. 

FOBKIOS  Dbt  Goods— There  baa  been  a  rather  more  active 
demaod  for  the  moat  staple  imported  goods  by  city  jolibera  who 
do  not  import  their  own  gooda,  and  tba  Western,  &>uthern  and 
California  trade.  In  woolen  gooda  for  men's  wear  there  was 
mora  aoioiatioa  ia  heavy  worateils,  fancy  camimeresantl  ruitings, 
ba*  UaaaaatlsBB  ware  ia.llviilually  small.  Black  eaahmerea  and 
para  aolMira  were  in  ateady  request  and  firm  at  ruling  ntea,  but 


operattoaa  ia  (aaay  dreaa  fabrics  were  eompamtlvely  Hm  and  un 
importaat.  Uooaakaepiag  linens  moved  more  freely,  Mt  sliirtinir 
aad  dochlogmakeerrmained  quiet.  Silks  were  ligbily  dealt  in  and 
th»rm  waa  little  doing  in  velvets  or  ribbons,  altiiough  black  giox- 
graia  laakae  of  the  letter  wnre  in  ateady  reqai>«i  and  very  arm. 

The  tmportauooa  ol  dry  g»o<la  at  thia  port  lor  tUe  week  emling 
Aug.  3,  1875.  and  tbe  correapoadlag^weeka  of  1874  and  18:;i 
have  been  aa  follows : 

amaaa  sea  oooaoarrtoa  roa  tos  wsaa  aaoias  acourr  S,  1875, 

. 1*73 .       , 1»74 .        . 1875 , 

^    ^^  rhat.    Valaa        Pk«».      Valaa.       Pkaa     Vale^ 

■saOfSfta faa  of  weel. . .  I.Srt     |7:«4»       I.«7S     t**7,081       1,014      MO^  4  % 

4a  eottoa..l,4e>)       4ao.JM         *aO       SH.OII         as*       tii.t.,.. 

4o  (lU 40*        407400  **3        SS*,8<a  tW        4»t.l,,> 

_       do  lax 81*      *l*jn         la       Ifi.***         154       r.3.4u 

■laeaUaaeoaa  4rr  gooda.  Btr      15T,(«I        *44       194.880        4«(      }Uk0.i 

Total        4.**»  11,958,388      tjsM  |I,94V43      3.1m  |1.S7J,7.J 

wcT>D4uwa  *•*■  WABaaooaa  a*d  raaewa  mro  ras  aaaairr  ninuico  m  * 

aaaa  raaioo. 
■saaiaatafaserwool....     Ml    »44a,81l        888    t4iS.8S1 
4o  eettaa..     *»      I4BJM        HO      U8l8vi 

4a  silk I«7       mm         148       141,98 

4e  lax »8*       imjM        481       ieil,8lS 

MlseaDaasoa*  Iry  cao4a.      7S        11.4T4         Ml         11,8*8 


Total 
Ad4aat:a 

Iblall 


pfi 


t,OJl 
4,880 


i,r 


t,fn 

4,98* 


t*li>.!R* 
1. 943.843 


545 

888 

S* 

44T 

181 

1.87S 
^781 


t*4l.?..> 

90. 1:1 

W,' .-.  1 

108.1  M 

13.11.1 

1.5r3,-.VJ 


■■k-t.  I.7SI  <1.7tlRl      4,800  t*.»4,*8«      8,854  {8.115,9  ..M 
roa  waaaaoosiaa  Mmno  aaaa  paaios 
■aaatooataaef  waol...      988     •490.080      1,880       t<(a,t(n        488 


4o  cnltoa. 

4o  silk   .   . 

4o  lax 

IIlK4ilaaao«a  dry  goods. 

Total    .    TSfl 

444asf<irereoaaani.t  a  4.SM 


I08.VI0 
197.4J4 
141,707 

«»,t:5 


*,4SS|1.0I7,NI 
4,638     1.94i.««3 


*7S 
C8 

im 

18 


lltl.ll^ 

91  I   A 

41.-,  a 
lu.i  -JS 


1,009     $44)*.'  i;i 
8,781      1,57:1.774 


IMal  aaland  ai  the  port  .4,574  t*.814.Wr      8.98S  11.970.964      4,790  t«.Of-.>, 
Wa  anaaz  prieea  of  a  few  articlea  ol  domestic  manufacture : 
Cottoai  Kali  Daek. 

Vo.  8 

No.  9 

KcIO *« 


Woodbarry    aad    nrnld 
Mill*  aad  riMlwIng. 

5aO 40 

Ho,l «8 

Wo.* 88 

H&8    84 

No,* 8* 

Ha*. *0 

Nou4 *8 

a^  ••••*  *«*>■■■■,    m 


LIgbt  dock— 

B<«r(So8.i**ln.. 

do  bear;  (9as.). . . 

Mont.HavensiMn. 

do         40ta. 


IB 

Ontario  and  WoodUxy 

*4 

UHA  Hlandard  KM  In. 

1* 

do          8  ox.     :" 

eo       9  ox.    .-.' 

do         10  uz.     '.  1 

17 

do        1*  ox.    1:1 

«l 

do         lAox.       H 

19 

Ontario  Twls,*»tn.    9i 

M 

do          8810.    .3 

XxtwU-'PoUUB'*"    1* 

ll 


THE  CHRONICLE. 


[August  7,  1875. 


Oommeroial  Cards. 

BrinckerhofF,  Turner 


Mannfitctnren  aod  Dealers  n 


&    Co., 

n  aDd  Deal 

dOTTONSAILDUCK 

And  all  klnda  of 

COTTON  CANVAS,  FELTING  DUCK,  CAK  COVER 

IHG,  BAGGING. ftAVENSDUCK,  8Aa  TWINES 

*C.    '•  ONTARIO"  SEAMLESS  BAGS, 

"AWNING  STRIPES." 

Alaa,  AnenU 
ITmlted  States  BnntlnK  Company. 

A  tolliopplrall'mauu  and  Colon  always  In  etock. 
No.  109    Daane   Street. 


E.  R.Mudge,Sawy  er&Co 

AGENTS     FOR 

fxraabinstoa  milti, 

Burllneton  Wnoleu  Co.. 
Clilcopee  JlTs  Co., 

Kllertoii  IVenr  Milla, 

SaratOKa   Victory  Mfg  Co. 

NKW  TORE.  BOSTON. 

43  &  45  WmT«  Stbhit.  15  Cbacnokt  St. 

PHILADKLPHIA, 

J.^W.  DAYTON,  230  CHIBTNUT  SteeeT. 


Smith,  Baker  &  Co., 

ooniinissioN  merchant! 

Yokobama  and  Hloeo,    Japan. 

REPRESENTED  BY 

E.    -W  .    CORI.IE8, 

«e>f    Pine    Street.    New    York. 

JEWELL,HARRISON 
&    COMPANY. 

prRE    I.ARD    PACKED    FOR 
ALL,    CLIMATES. 

PROVISION   DEALERS   AND   MANDFACTUBER 

OF  LARD  OIL  A    D  STEARINE. 

ESTABLISHED  1841.  NEW  YORK. 


Ocean  Steamships. 


CuNARD  Line. 


B^NOTICE.— with  the  view  of  dlmlBlshlnjs  the 
chaDces  of  collulon,  Iho  steamers  of  this  line  take  a 
speclHeil  course  for  all  suasous  of  the  year. 

On  the  outward  I'aasitKi;  frciii  Queeiistown  to  New 
York  or  Koston,  crossing  Meridian  of  5U  at  4)  Lat.,  or 
aoiUlug  to  the  North  of  43.  On  the  Homeward  Pas- 
sage, crossing  the  Meridian  of  5U  at  42  Lat..  or  nothing 
to  the  North  of  42. 

THE  BRITISH  AND  NORTH    AMERICAN  BOYAL 

Mail  stkamshu's. 
between  nkw  volik  and  liverpool, 

CALLING  AT  CORK  HAUliuR. 
FBOMNEWTORK.  J  FEOM  MEW  TORK. 

Bothnia...  ..Wed..  Aus.  11    •Russia Wed.,  Sept.   8 

Abysslula..  .Wed.,  Aug.  18  I  Bothnia Wed.,  Sept.  15 

Algeria Wed.,  Aug.  23    Abyssinia. ..Wed.,  Sept. 22 

Scythla Wed.,  Seiit.    1    AlKCrla Wed.,  Sept.  29 

China Hilt.,  Sept.   4  '  Scythia Wed.,  Oct.  6 

And  every  following  Wedncbdiij  and  Saturday  from 
New  Vork. 

Steamers  marked  *  do  not  carry  steerage  passengers. 

Rates  OP  PASSAOE.—Cabln,  $^,  tlOU  ujid  $130  gold, 
according  to  accommodation.  Tickets  to  Paris,  $15, 
gold,  additional.    Ueturu  tlcitets  on  favorable  terms. 

bteerage  at  lo  w  rales. 

Steerage  tickets  from  Liverpool  and  Queenstown 
and  all  parts  of  Europe  at  lowest  rates.  Through  bills 
of  lading  given  for  Belfast,  Glasgow,  Havre,  Antwerp 
and  other  piirts  on  the  Continent,  and  fur  Medltterra- 
nean  ports.  For  freight  and  cabin  pawsage  apply  at 
the  Company's  olflce.  No.  4  Bowlini;  Green:  forsieer- 
ago  passage,  at  111  Broadway,  Trinity  Bulld.nR. 

CHAS.  G.  FUANCKLYN   Agent. 


F.  LB.  Mayhew  &  Co., 

140   Front   Street, 

ItANtjrAOTURBKS  Or 

OUS— SPERM,  WHALE,  ELEPHANT  &  LARD. 

C  AND  I- KS— SPERM,  PATENT  SPERM,  PAR- 

AFFINB,  ADAMANTINE,  HOTEL  AND 

RAILROAD. 

For  Export  and  Home  tise. 

PARAFFINE  OILS,  WAX  AND  BEESWAX. 

Wm  Pickhardt&Kuttroft 

inPORTERS 

AND 

oeinniissioN  iuerchants 

IK 

CHEMICALS,  COLORS,  DYESTUFFS, 

&c., 
Soi  23  cedar  Street,  Neiv  York. 

Branch  Offices  In  Philadelphia  and  Boston. 

WM.  PICKHARDT.     i^„„„.,  „.„„._ 
ADOLF  KCTTROFK,  ( General  Partners 
BADISCHB  ANILIN  &  SODA  FABRIK 

Special  Partner 


John  D wight  &  Co., 

MANUFACTURERS  OF 

SVPER-CARBONATE 

or 

SODA. 

No.  11  Old  Slip,  New  York. 

The  joooiDK  Trade  ONLY  Supplied 


Olyphant    &  Co., 

COMMISSION    MERCHANTS, 

HoHK  Kons,  Sbangtaal,    Foochonr   & 
Canton,  Cblua. 
Rkpsxsbhtbd  bt 
OLYPHANT  &  Co.,  or  China, 

104  Walt  St.,  New  York. 


ONLY 

Direct  Line  to  France. 

The  General  Transatlantic  Company's 
Mall  Steamships, 

BETWEXK 

NEW    YORK     AND    HAVRE, 

CALLING    AT    BREST. 

The  splendid  vessels  on  this  favorite  route  for  the 
Continent,  (being  more  southerly  than  any  other,) 
will  sail  from  Pier  No.  50  North  River,  as  follows  : 

•PERBIRE,  Danre Satorday,  August?. 

FKANCE,  Trudelle  Saturday,  August  21. 

•VILLE  DE  PARIS,  Lachesnez Saturday,  Sept.  4. 

PRICE  OF  PASSAGK   IN    GOLD   (including   wine.) 

First  cabin.  ti20  and  $110,  according  to  accommoda- 
tion.   Second  cabin.  (72.    Third,  ^40. 

lietnrn  tickets  at  reduced  rates. 

Steerage,  $t6,  with  superior  accommodation  and 
including  all  necessaries,  without  extra  chiirge. 

Sicainers  marked  thus  *  do  not  carry  steerage  pas- 
sttngers. 

GEORGE  MACKENZIE. 

Agent,  55  Broadway. 


For  Liverpool, 

(Via  Qaeenatoirn) 

CARRYING  THE  UNITED   STATES  MAILS. 

THE     LIVERPOOL    AND     GREAT      WESTERN 
STEAM  COMPANY  will  dispatch  one  of  their  flrst- 
clasa  full-power  iron  screw  steamsuips  from 
PIER  No.  46  NORTH  RIVER,  EVERY  TUESDAY  as 
follows: 

DAKOTA Angust  10,  at  noon. 

WISCONSIN AuKuat  17.  at  3  P.  M, 

WYOMING Angust  24,  at  11  A.M. 

IDAHO August  31,  at  3  P.M. 

MONTANA Sept.  7.  at  10  A.  M. 

NEVADA  .Sept.  14,  at  3  P.  M. 

Cabin  passage,  980  gold. 

Steerage  passage  (Office  No.M  Broadway)  at  low 
rates. 

For  freight  or  cabin  passage  applr  to 

WILLIAMS  &  GUION,  No.  63  Wall  Street. 


^^  Atlas  Mail  Line 

BI-MONTHLY   MAIL    SERVICE    TO    JAMAICA, 
HAYTI,  COLOMBIA  and  VENEZUELA. 

Flist-ciass,  full-powered.  Iron  screw  steamers,  from 
Pier  No.  '51.  North  River. 

FOR  HAYTI   AND   VENEZUELA, 

CLARIBEL...  Augusts. 

ANDES August  21. 

FOR   KINGSTON  AND  COLOMBIA, 

ETNA Angust  13. 

ALPS August  31. 

Superior  flrst-class  pnssenger  accommodation. 
PIM,  FOBWOOD  &  CO.,  Agents, 

No.  68  Wall  Street. 


Providence  &  Stonington 

STEAmSHIP   COMPANY. 

Consolidation  of  STONINGTON  Line 
and  PROVIDKNCE  Line  between  NKW 
VOhK  AND  BOSTON. 

STOIVIXGTOIV   LINE. 

FOB  PROVIDENCE,  NEWPORT  AND  BOSTON. 

Steamers  RHODE  ISLAND  and  NARRAGANSETT 
leave  Pier  S3.  N.  R.,  foot  of  Jay  St.,  at  S  p.  h.  dally,  ex- 
cept Sundays. 

Through  tickets  to  all  principal  points  In  New  Eng- 
land and  the  Provinces  may  be  oblalued  at  Railroad 
and  Hotel  Ticket  Ortices.  State-Iiooms  secured  at 
the  offices  ,of  Westcott  Express  Company  and  at  319 
Broadway. 

PROTIDENCE    L19IE. 

VIA  PROVIDENCE  DIRECT. 

Steamships  ELBCTRA  and  GALATEA  leave  Pier 

27.N.R.,foot  of  Robinson  st.,at5  p. u. dally, except 

Sundays.  Direct  route  for  Worcester  and  all  Northern 

points  via  Worcester. 

Freight  via  either  line  talten  at  lowest  rates. 

D.  S.  BABCOOK,  President. 
Ii.  W.  FHiKINS,  General  Pass.  Agent. 


Railroad  Material,  &,c. 

JOHN  B.  KUrVEDT.  UEKBY  X.  BAKES.  JOHIT  B.  BABKB  S 

J.   S,    Kennedy  &   Co., 

BANKERS  AND  MERCHANTS, 

<1  CKDAB,  COB.  WILLIAM  ST., 
New  York. 

Buy  and  sell  Itailroad  Investment  Securities.   Co 
lect  CoupoBB  and  Dividends.   Xegotiate  Loans  and 
draw  Billa  of  Exchange  on  London. 

Agents  of  the 

CAMBRIA    IRON    COMPANY, 

of  JOHNSTOWN,  Pa.,  for  the  sale  of  their  IRON  and 
STEEL  RAILS. 

All  business  relating  to  the  Construction  and  Eqnlp 
ment  of  Railroads  un  iertalien. 

Morris,    Tasker  &  Co., 

Pascal  Iron  Works,  Phlladelpbla. 
Tasker  Iron  Works,  New^castle,  Del. 

HAHIIFAOTt7BEB8  OF 

LAP-MTELDED  AMERICAN*  CHARCOAL 
IRON    BOILER    TUBES, 

WROUGHT  IRON  TUBES  &  FITTINGS 

of  every  description,  for  Gae,  Steam,  Water  and 

Oil,  Steam  and  Gas  Fitters'  Supplies,  Machinery 

for  Coal  Gas  Worlts,  Cast  Iron  Water 

and  Gas  Pipe. 

IMPROVED  SUGAR  MACHINERY,  Ac,  Ac. 

OFFICE  AND  WAREHOUSE  : 

No.  15  GOLD  .STREET,  NEW^YORK. 


THE 

United  States 
Rolling  Stock  Company 

Are  now  prepared  to  Lease 
IiOComotlTes, 

Pisseuser  Cars, 
Baggage  Cars, 
Grain  Cars, 

!$tock  Cars, 

and  Coal  Cars. 
For  terms  and  information  apply  to 

JAMES    B.    HODGSKIN, 
General  Manager.  74  &  76  Wall    treet.  New  York. 

Thos.    J.    Pope  &  Bro., 

393  Pearl  Street,  New   Yorh 

Pig   Iron,    . 

RAILS,  COPPER, 

SPELTER,  TIN,  LEAD, 

NICKEL.     RIS'.IICTII,   let. 


WM.  BOBDES. 


L.  V.  LOTBT.!. 


Borden  &  Lovell, 

COMMISSION    MERCHANTS 
70  ic  71  W^est  St.,  New  York, 

AGENTS  FOR 
BORDEN    MINING    COMPANY, 

CUMBERLAND   COALS. 
FALL  RIVER  IRON  W^ORKS  COM'Y 

NAILS,  BANDS,  HOOPS  AND  RODS. 
OLD   COLONY  STEAMBOAT    CO.. 

FALL  RIVER  LINE  STEAMERS. 
W^ALLKILL    LIME    &  CEMENT  CO. 

PHELPS,DODGE  &Co 

CLIFF    STREET, 

Between  John  and  Fulton,  New  York. 

IMPORTERS  AND  DEALERS  IN 

Tin   &  Roofing  Plates, 

OF  ALL  SIZES  AND  KINDS. 
PIG    TIN,    R17SSIA     SHEET    IRON, 

CHABCOAL  AND  COMMON  SHEET  IRON, 
LEAD,      SHEET      ZINC,       COPPER 

Spelter,  Solder,  Antimony,  &, 

'""    'ttANUFACTURBRS  OF 
OOPPBR.   BRASS  AND  1VIRE. 


Angwt  7,  1876  J 


iflE   CHRONICLE 


ui 


Financial. 


Brown,  Brothers  &  Co., 

lio.  s»  ■waLm.  MT.,  n.  t., 

I— n.itilint  eaah  mpoilnit,  ornlfarictarT  gwutm 
e(  r«p«ra«B>.  Ctnalw  CndiU  for  TraTtlcn,  In  toOari 
Cor  ■••  IB  lb*  Unlud  MMW  aad  Mljuciii  cooatrtw. 
i  mwMmt  for  ■••  ta  anr  I'ut  e<  Us 


THXT  ALSO  imum  COMXKKCIAL  CBKOITB. 
tUJU  CABLE  TKAXSrKBS  Of  Muxn  >>■ 
TWKCB  TMU  COGHTBV  AiiD  SNOLAHn,  AVD 
URAW  BIIXS  or  KXCUAXUK  ON  OIKAT 
BBITAIK  AMD  UULLAM0. 


Morton,Bliss&Co 

Bakksbs,  3  Bboas  St.,  N.  T. 

laue  dienlwr  NoUa  kod  LutUn-  ot 
Credit  for  Trmrelars;  aUo  ComUMreiAl 
Cndltt  aTkllable  in  all  part*  of  the  World. 

MegotiaM  nnrt-Claaa  Bailway,  Ci^aad 
State  Loan* ;  Make  Tnlegrapbie  TrM«fen 
of  Honey  ; 

AKD  DRAW  KXOHANOB  ON 

MoBVOir,  Ho««  Jf  Oo.,    -    Lonwir. 

HoTraretrKB  A  Co.,  -    -    -     Pasib. 

Hon  A  Co.,    -      -    -  Amstekdak. 

AaBMCT  or 

Merchants'  Bank 

or 

Canada, 

•  a    WALL     UTRKKT. 

Capl*«>'    •   •   •   •  -   $»,04M>,oi)0  (>*M. 
rBl«  ap,   .....   s.lVS.OBi      ^^ 
Biixa  or  BJuaiAiioB  xuduut  and  mha 

CUMMJUKJIAL  CKlOttTa  OiUJITkU.  UK.vm  u> 
CAIIADA  UMinOI.  alLU  CnlXKCTKO,  AUO 
UTHBB  BABKUA  BDalBIM  TRABaAlTTUlL 

—  J.  noSIii.    f 


WM. 
I.ONDON    A«BMriF7 


St    Lambar«  at. 


John    Munroe    6c    Co., 

.<«•.  •  WbII  Mr***,  New  York, 
N*.  41  mate  Bt.,  Boolon. 

CBCI^^hS   AfU    CAatLB   TBA»»rkia  OH 

nvnuoH  *    «'•».,    fAMia. 

•nmuiia  csn^oas  on 

ALBXANDKBa,  cri«LirrB«  *  o*^ 

LMi««a. 

kixrr  DAT  BiBMLaia  an  tub 
nONaOLIOATK*    mahil,    i.on»*i«. 

VeauaciAi,  ajid  TaATaruaa  Lsrrraa  or  Onnr. 

Knoblauch 

6c  LTchtenstein, 

BANKBKM. 
T  Bread  Btreet,  New  Verk. 

Draw  Bin*  or  Kxcbaon  sad  laiar  Lritm  of  Me- 
411  oa  *ll  pdad^  clilea«r  Vnopo. 
'-  tCn«uaaBkaa«liaKaMV«kekaaBa 


Opaa  CnBu  oa  Bftai 
TWenaaUe  UBa<f«~ 
••edal  >a(ta«.— « I R I 


RL~n<CBB  BAKK. 


Winslow,  Lanier  8c  Co., 

BANKB««, 

.  f  'W  ran  smar.  tmw  tobk,    , 

*i«»lr>  tk*  totooBt*  of  latennr  haaks,  taafeai^ 
'aataadMacteatik 
ta  tfea  ■!•  ar  atn  OiBBi  II,  aad  NallfiM4 
lene  Lekea  ••  CkeBt  is*  fereiira  trsTM. 
LONDON  OOmSrONDKNTS 

niTT  BANB,  TkreadsMaie  Btreet. 


Hilmers,McGowa  n  8c  Co 


IN 

■iON  RXf-HANOB    A  !«  D   »OI.B 
M  Wall  Btreet,  New   Terk. 
(P.  O.  BOX  tMli 

Ae  eifWiiloa  efOaa- 


Financial. 


REAL  ESTATE 
MORTGAGE  BONDS 

aCARAMTKKO  BT  TBK 

Equitable  Trust  Co., 

$1,000,000    CAPITAL. 

THBSB  RKALBBTATK  MUttTUAUK  BONOS  AKE 

COMMBHOED  TO  THB  ATTK>TION  OF 

TUB  MOST 

C:05I8ER¥ATIVE     nTTESTORS. 

ftrt  Iter  bare  ttaa  ladhrldaal  UabUIn  of  iLe 
maker. 

iMcawt— EiohbeadkMcandlsaArMiBortaasc  of 
nal  <«<*t«  of  aoi  It—  tbaa  doeua  tta  nhie. 

nMr«-Tk«  f raavt  MfaMU  at  both  pttaetpal  and 
later««t  of  cTcry  bona  to  nanaloed  by  tala  CompauT. 

The  Cnwiiaey  gaa Hnlnrtiia  taeaa  BoaiU  raoatTM  no 
drrofiu,  oeaa  au  aeaay.  aad  laean  ao  obUgatlooa  of 
aay  ahaneter  axaopt  Ibow  arlalaa  tran  mcb  euraaij 
Uarabr  kaapiaa  lla  vboie  cwfial  of  «tae  Million 
Dollara  aalmjigiad.  TO  MJCSt  AT  AIX  T1MK»  the 
proaipipniaaM  ef  both  pnadpal  aod  Interat   of 

ABaana«aia«e«ftaeMa  Boada  an  formally  ap- 
prorad by uw loUowtncEieenUTa  Board : 
aoBXn'L.KBHBBOT.  ADBIAN  IBBJlt. 
8A5raj%U4n.  J^MBS  A._ KJ<.i«k VKLT. 


CHA9.  Bt'TlJa.  JOBS  D.  MAZWfcu., 


UKNUr  f. 


AB 

KUOKaK  kbllt. 
Jobs  d.  MAZwt 

CL'BTAV  a.  KUBCUl 


lk«*a8ecaittleikaarB«TaaP«r  Caat  laleraM 
Haaa«laiiMaBr(aa4ai«aB«rattBrale  at  par 

St.  H  aa4  M  wuaan  atraat. 


-  ._  and 
Compaar 

JOBimMLi!  kPWAJUB.  Ptaatdaat. 


YH 


r  COMPANY. 

OF    Till:    <  IT\     or    >i  \v   ViiUI 


PA1I>-LI>   CAl'11.11.^  »l,UiM>,000. 

laraMad  la  Daitad  Mala>  Oo»ira»aat  Boada. 

rtm  TMMMM  ^MM  tSj^tmlirmi  pm  e— ■>  mi 

S'VSSS'JUt^/^^ilreM  M-  OMam  oa 
d^eait  reMMdiaw  Ma  atfelAa  jr  toeear. 
AeU  aatrwlai  far  aataiaa.        _ 

D.  R.  MAXOAJI.  Praaldaat. 

;rQa«  CL  ORiUBaABk.  r 


Union  Trust    Company 

or  1CKW  roRB. 
It*.  Tt  BreaJwar,  Cer.  Beeter  Bt. 

CATITAi. 
ONB  aiLLlUN  BOLLABS. 

IBVmjUt   IB    DBITBD  BTATBa    B'llua. 

Aeiaerlaatlvl-vMait  aatat  faweiar.  Adaiale- 

Utiar.  Baifdi^  kMalnr  or  Tiaataa.  aad  u  a  taaal 

tm  tJnrrmrwtmm  ***  BMe  Oaait  ar  Iraartinad 

ten  br  aer  aairaaala. 

lauraM  allowad  aa  daeoiMa.  wMck  ma  ba  Bade 
»at  aliXiaea  alaer  «■» 

B .  B.-C««et>  orDoaosluica  ea  tkto  UaUtBUea  pm> 
Urowb  Ike  <:iMrlBe  Haaaa. 

BBWABB  KAMtt.  rraaMoal. 
J.  ■.  MeLBAN.  nrel  VfWprealtfeat. 
Wm.  WHITBWBieHT, 

BeeeaA  TteeBPreeldeai. 
■XJiCOTtVB  OOlOUrTBB : 

t.  M.  MeLaka.  laavn.  Wiu.aTa. 

U.  BoTTD>,  '    Wm.  wiriaejieaT, 


.  BoTTD>,  _        

B.  B.  Waaiar,  Oao.  Ciaor  Wiao, 

0.  O.  WuAiajaa.  wa,  BrruiS  Mraoaa. 

3.  m.  tKllLTIB.  keerotarr.. 

The  Brooklyn  Trust  Co. 

Car.  at  Maalacaa  *  UHaioe  aia..  Braekiya.  B.  r. 
CAFnAL.  BWJB. 

or  aaardka^  ^t^MV 

I  la  Ike  aala  or  aaaaMMt  ef  real 

»  «ad  3a  of  Oo? 


Jaha  r.  Kolte.       Aba. 
rioau*  Sanirca.  Daal . 
H.  k.  Piarxepoat.   JoalaB 
Jakailalsay,  ^^^fjf 


Tumbridge  8c  Co., 

BASBBBS    ABO    8KOKBBB. 

t  Wall  Street,  New  Terk, 
Bay -aod  Sail  Bwick*  oe  MarirfM  or  for  Oaak 
PCXa  and  CALL*  aafMiaiad  at  Ui«  Jeweat 
■arkatrataa;  (SO for  (0  akaree,  $100  lor 
lOO  akaree.  TMrty-reo page aiplaiMitory ym- 
pklat  loaOad  oo  applltattCB 


FinanciaL 


Gwynne  8c  Day, 

(BatablUtaed  1854.) 

BANKERS, 

N*.    IS    TTALL    MTRKfiT. 

Bay  and  Sell  Stocki,  Bonda  and  Oold  oa  Commlislon 
Ilea  tn  In  ~»™iiu.«ou 

NKW  TOOK  8TATR  STOCKS 

KaW  V01;li  CITY  STOCKS. 

MlS>OtUI   SIATK  8IXK8 
And  other  flnt-clMS  lDve«tnieiit  Securities. 


nUscellaneoua. 


McAlister  8c  Wheless, 

conroN 

OOnniSBION    nKBOUANTS 

MASBVILLK,  TENNBSSRE. 

Speela]  auaoiloo  elTea  to  Splnnera' orden.  Corre- 
•pondaaea  aolloltad. 

Rkraaasoaa^— Tbird  and  Foarta  MaUonal  Baakt 
and  PraarMeta  of  TaaCaaoinoLa. 

Farmers'    Favorite. 

GIDIK  AND  WIXE  HILLS  AND   PRESSK8. 

Scad  Cor  oar  new  Clrcalara. 

R.    H.    ALLBN    *     CO., 

UB  A  UI  WATZa  ST..  New  Tork. 

Akrteilliaial  Implemanta.  Baada  and  FertllUara. 


2. 


STEEL    PENS. 


MANCFACrVRXRS'    WARKauUSB, 
JOBBPH    OILLOTT    A     SONS, 
»l  Joba  Nlreet,  New   York. 
HRNMT  HON.  HoLB  AosMT 


TO    PRINTERS. 

We  kaap  oo  hand  th*  larseat  itock  of 

PBINTINQ    TVPKfl 

In  Ajaartea,  aaaerted.  tor  BMdM.  Frtaab.  Spaotah, 
and  PoiliviiiUk  wblch  «a  •aUln Iota  lu  .ult  purcbu- 
en,  at  low  enea*  for  eaab 
WaakodialiaaUkladaef  Bevn^nUnc  Uatviaia 

Geo.  Bruce's  Son  8c  Co., 

No.  13  Ckambera  Htreet,  N.  V. 

K.  B  — TkaStoek  and  Bond  Tablea  of  the  Coaaaa. 
euL  aao  FnraaeiAL  Oaaainot.a,  pabllAMi  la  a  >np. 
pleaiaat  to  thai  pa  er.  on  tbe  la«  Katutday  uf  meb 
nooilkaada-'r»Tiiiat«eniT..«Ten  paaaa.  are  eat  In 
HruMS  Kaapailal.  Bo.  U.  with  ihalrPaiaai 


aod 


Klauraa 


Joseph  Bachman  8c  Sons, 

BBrBBSKNTATIVRS   OP 

Gorham  Mt'g  Company. 


Sterling  Silver 
Fine  Electro  Plated  Wart 

Na    3  IMAIDRN     LANK.  NBEW    YORK 

Wire     Rope. 

8TBBL,    OBABOOAL,     and 

B.  B.  of  the  rary  beat  qnallty 

lanlUble    for    Shlpa,     Rlgclna 

Isupenilon  Rrldtea,  Oayi,  I>ar- 

Incki.  Inclined  Planet.  Miaint 

FHelattnc    Parpotaa,    Ae.      A 

LAUga    Block    eoaauntly     oa 

bead,  from  wblcb  any  dealrad 

laoffth.  are  cat. 

JOHN     W.     MASON    *    CO., 

4S  Broadway,  New  Verke 


THE  CHRONICI.R 


[August  7,  1875 


Financial   Notioei. 


CHICAGO  Di;Br(t(JI<:&  niNISESOTA 

AND  CHICAGO  CLINTON   &  UUBUQUK 
UA.U.UOAI)  COMl'AMKS. 
BONPHOI.fihKbof  thee  roam,  who  have  not  re- 
celvc'i  circnlari  co^  ceruintf  foreclosu'-e,  can    obtain 
them  by  applying  lo  UH  4HLK^  P.  IIOWDITCII, Secre- 
tory uf  ihvcouiiulitea.StSSt&ieaireet,  Uoaiou. 


Financial 


OrFiOK  or  PuLUtui'*  Palaoi  Car  Coxpant,  ) 
Cbioaoo,  July  SO.  1S75.     i 

THI*t  COnPANY  UriLL  PAY  THE 
oaUUndlnt:  lionU>  of  Ha  Isaneof  f  1,000.000  8  per 
cent,  Brat  aerlea,  due  Not.  15, 1975,  at  any  time  prior  tn 
that  date,  with  accrtied  Intereat.  on  prcieutallon  at 
the  olHce  ol  me  rarn.era'  Loun  and  1  ruat  Coiipany, 
^ew  York.         CH  AKLKS  w.  ANUELL,  tecretary. 

THK  II^ITKDSTAXKS  MORTGAGK 
COMPANY  ollirs  for  i-Hle  lt«  HnnclB.  btarlng  7 
per  cent  inter— t.  represented  by  Morluaires  "it  li"- 
proved  Real  Jiiuie  and  by  a  Capltnl  of  t5,(X«.0IXI  m 
Uuld. 

D!BECT0R8: 
S.  D.  BABCOCK,  freilueut. 

L.  A.VON  HOFFMANN,  Treasurer. 
B.  H.Hntlon,  Fred.tcntichardt, 

F.  U.  Barreda,  J.  ■  lerpont  Morg  n, 

w.  Builer  Duncan,  David  i>ow8, 

John  T.  Johnston,  Waller  M.  Burna, 

charlea  Tracy.  James  ,J.  Coijdwin. 

For   further  partlcnlars   app'y  at  the  company  • 
office.  No.  50  nrail  Bt.        ALKl.  J.  KOCH,  ssecietary. 


Financial. 


Bad   Bills   Collected 

AT    THK 

LAW    AND    COLLECTION    OFFICE 

Ol    R.    S.    CAKKOLL, 

7  TREMONT  EOW,  BOSTON. 
Cltarfres  reasonable.    Abundant  references.    Collec- 
tions made  In  ail  p.rts  of  the  United  states. 

N.  T.  Beers,  Jr., 
Brooklyn      Stocks, 

GAS    STOCKS, 

3  a     WALL     8TEBET. 

Dealer  In  Kailroad  and  InTCStment  Stocks  and  itonds 

McKim  Brothers  &  Co.^ 

BA-XKERS, 

47  ^V«I1  «(ir«et,  Naut  Vorb. 


Ripley  &  Comp'y, 

BANKERS  Sc    FINANCIAL  AGENTS, 

I>KA1.1ER8    Iir 

RAILWAY    AND    CORPORATE    SECURITIES. 

No.  32  Pine  St.,  New  York. 

Geo,  B,  Satterlee. 


Albert  H.  Nicolay  &  Co. 

stock  Ancti  oncers  and  Brokersy 

No.  43  PINE  STREET,  NEW^  YORK. 

IV-  BEOULAR   AUCTION  SALES 

or 
STOCKS    ABTD    BONDS, 

Every  Monday  and  Thursday,  or 

BPXOIAI.   SALBB    MaSX    ox    JOA.  OTHXB  DATS, 

UPON  ONE   DAY'S  NOTICE  WHEN  REQUIHKD 
Onr  Establlsbed  Cnatom  33    Years. 

t3r  stocks  and  Bonds  bought  and  sold  at  the  New 
Tork  Stock  Exchange  and  at  private  sale  on  commla 
■Ion. 

tir  Securities  not  dealt  in  at  the  Stock  Boards 
specialty  with  this  house  for  many  j-ears. 

fir~  First-class  Municipal  Bonds    Railroad  Bonds 

and  other  Incorporated  loans  neg)tlated  on  liberal 
terms. 

Gargiulo  &  Co., 

BANKERS    AND    BROKERS, 

Noa.  4  &    6    Broad   Street, 

NEW   TORK. 
Stocks,  Bonds,  Gold  and  Miscellaneous  Securities 
bought  and  sold  strictly  on  commission.   Orders  by 
mall  or  telegraph  carefully  attended  to. 


Cook    County,   Illinois, 

SECURITIES.    INCHJDINQ 

SOUTH   i>^itK: 

SEVEN     PER     CENT     BONDS. 

A  LIMITED  AMOUNT  OF  THE  ABOVE 
CHOICE  INVESTMENTS  FOR  SALE  BY 

H.  A.    SCHREIIVER, 

60    Wall    Street. 

Dist.  ot   Columbia  3-65 

GOVERNnENT    BO?(D«'. 

Forty  nine  years.    Yielding  on  the  Coat  5  2-3  per  cent. 

*'  An'l  the  faith  of  the  U.  S.  Is  hereby  pledged  that 
"  the  U.  S.  will,  by  proportional  approprUilon  at  coii- 
*' ten^pla'ed  In  this  act,  and  hy  cau-lng  to  be  levied 
**  Upon  the  propel  t\  wltnln  sain  1)1  trie,  such  taxes  as 
"tvilldofco;  p  ovlde  the  rcveaues  necesfary  to  pay  the 
'  Interest  on  said  bnndH  aH  the  i^atne  tnay  become  due 
"  and  pavHb  e.  and  create  a  sitikInK  futuf  for  the  pay- 
"ment  of  th  '  principal  at  maturity.'*— .4c(  Cantf'*««« 
>e6.,;875. 

ROI.I.INS   BROTHERS    Sc    CO., 

Bankera,   New  York. 


FISK    &  HATCH, 

BANKERS, 
5   NASSAU    STRKET,  N.    ¥. 


U.  S.  Governtnent  Bonda.of  alllsBDesanddenomlna- 
tioiu,  bo'jghtandBOltl  direct  at  curreDt  market  rates, 
la  large  or  BOiall  amounts  to  suit  all  classes  of  tnveS' 
tors  aod  Institutions,  and  for  immediate  delivery ;  and 
all  business  connected  with  Investments  m  Govern- 
ment Bonds,  tran^ferB  of  Kegintert  d  Certtflcates,  Kz- 
cbange  of  Coupon  Bonds  for  Registered,  Collection  of 
interest,  &c.,  attended  to  on  favorable  terms. 

All  other  marketable  Stocks  and  Bonds  bought  and 
Bold  on  commission ;  Gold  Coupons  and  American  and 
foreign  Coin  bought  and  sold;  approved  deposit 
accounts  received. 

FISK  4c  HATCH. 


S.  G.  &  G.  C.  Ward, 


AGENTS    FOB 


EtRING    RROTHERS  4c  OOfflPAIVY, 

62  WALL   STREET,   NEW    YORK, 
88  8'1'ATa  STRIirKT,  BOSTON. 


AAeUSTUB  J.   BBOWTf. 


WAXSTON  n.BBOWN* 


Aug.  J.  Brown  &  Son, 

BANKERS, 

£9  lilberty  Street,  New  York. 

flPKClAL  ATTENTION  GIVEN  TO  THB  NBGOTI A 
TION  OF 

RAIIiROAD    SECURITIES. 


Levy  &   Borg, 

53    ExcUange   Place, 

BliOKEBS  AND  DEALERS  IN  ALL  KINDS  UF 

SOUTHERN  AND  miSCELI  (NEOUS 

SECURITIES 


Grant  &  Company, 

BANKERS   AND  BROKERS. 
No.    33    lYALI.     STREET, 

TRANSACT  A  GENERAL  BANKING  BUSINESS 
STOCKS  BOUGHT  AND  SOLD  ON  COMMISSION 
INTEREST  ALLOWED  ON  DEPOSITS. 

R.  Stttoam  Grant.  G.  St.  .Tohw  Rhkftki.i>. 


BtDNXT  X.  OOOKX. 


FKKQ.  0.  COLTON. 


Cooke  &    Colton^ 

BANKERS    AND    BROKERS, 

44  BROAD  STREET,  NEW  YORK. 

Stocks,  Bonds,  Gold,  Foreign  Exchange  and  Mis* 
cellaneouB  Becarltiea  bought  aud  sold  strictly  on 
CommlsHion. 

Smith  &  Hannaman, 

CHOICE    raCNICIPAI.    BONDS, 

INDIANAPOLIS.    INDIANA. 


Financial. 


A     SAFE   AND   PROFITABLE   NEW 
ENGLAND    SECURITY. 

TEEMONT  DIVISION  OF 

Portland  &  Ogdensburg 
Railroad, 

The  sale  of  the  First  Mortgage  Bonds  (t90,000  to  the 
mile)  gives  ample  funds  for  the  completion  of  the 
road,  and  Insures,  under  Usable  and  faithful  manage- 
ment, a  very  profitable  and  absolutely  safe  investment, 
aod  open<4  an  entirely  new  western  route  to  Boston 
and  Portland. 

A  limited  amount  ot  their 
FIRST  noRTGAGE  SINKING  FUND 

GOLD   BONDS 

1  or  sale,  for  the  present,  at  a  price  yielding 

8  1-2    PER    CENT    INTEREST. 

HASSLiER    &     CO., 

No.  7  Wall  Street,  New^  York. 


O.  T.  Bonner  &l  Co., 

BANKEBS  AND  BR0KSB8, 
No.  20  Broad  Street,  Now  York. 

stocks.  Bonds,  and  Government  Securities  hougnt^ 
and  8o!d  on  commission  at  the  New  Tork  stock  Kz- 
chtnpe. 

Dealers  in  all  descriptions  of  Bonds  and  Investment 
Securities. 

The  correspondence  of  Bankers  and  Brokers  through- 
out  the  country  nollclted. 

Funding  of  Southern  State  Bonds. 

We  are  prepared  to  fund  Bonds  of  the  following 

Souttiern   StMtes.  In    accordsnce   with   their   several 

FnnolnR    Acts,    upon    the    must   reasonable   terms 

possible  i 

VIRQINtA,  LOmSIANA,    SOUTH    CAROLINA, 

IEHNESSEB. 

■WANTED. 

Eanpas  Pacific  Railroad  Sevens,  dne  18T6. 
St.  Joseph  A  Denver  City  BR.  W.  D.  Mrat  Mortgage 
Bonds. 
Calro.&  Fulton  BR.  First  Mortgage  Bond^. 
St.  Louis  City  Six  Per  Cent  Gold  W.  W.  Bonds. 

FOK    SALE. 

Houston  &  Texas  Central  Main  Line  First  Mortgage 
Bonds. 
Louisville  A  Nashville  Railroad  Stock. 
North  Carolina  Six  P<-r  Cent  Special  Tax  Bonds. 
Galveston  City,  Tex..  Ten  Per  Cent  Fire  DeptBonds 

G.    T.    BONNER    &    C<»..     . 

20  Broad  Street,  Nenr  York. 

CLEVELAND  CITY  78,  doe  in  1894. 
CINCINNATI  CITY  7'308.  dne  In  1903. 
ST.  LOUIS  CITY  09,  due  in  1887. 
JER.SEY  CITY  78,  due  in  18M. 
NEW  YORK  CITY  79,  due  in  :886. 
ROCHESTER  CITY  7b,  doe  in  1903. 
BUFFALO  CITY  78,  dne  in  1894. 
For  Bale  by 
DANIEL      A.     MORAN, 
40    'Wall    Street. 


To  Capitalists. 
^soojooo 

IN    sms   OF    $2,000    TO    $150,000, 

Wanted  for  Applications  now  In  hand  for 

FIRST     niORTGAGE    LOANS 

ow 

FIRST-CLASS  CHICAGO  PROPERTY, 

AT    INVITING    RATK.S    OF    IIITEHKST. 
Etery  vahmtion  reliable,  and  not  over  10  per  cent  of 
present  actual  value  required. 

JOSlAH     H.     REED, 
20  Naaaau  Street. 
Thirty  years'  arqntlntance  with  Chicago,  and  City 
references  of  the  highest  character. 


CHARL.i:S     OTIS, 

47  EXCHANGE  FLACK, 

City  Railroad 

and  Gas  Stocks, 

Specla;tr  for   19  Yeara. 

See  qnotatlona  of  '  Local  Becnritlea"  in  tiiii  yaper 


THE 


AND 


xtmtk 


HUNT'S    MERCHANTS'    MAGAZINE, 

REPRESENTING  THE    INDC8TRIAL   AND  COMMERCIAL  INTERESTI    JF  THE  nNITKD  STATES. 


VOL.  21. 


SATURDAY.  AUGUST  14,  1875. 


NO.  529. 


CONTENTS. 


muyl  toAWBMI... 
MS  I  Soaalhiag    lUw    In    Uf*    U- 


TBB  CBRUX1CLI. 
•ad  n*tkOfB*f  I     fiaaJma 

Ik*  MoMT  lUrkM 

Tto  Beyon*  of  th«  Witli— I  

Bnk<   1«|  UMMIIo»««»i7«»4CiiMiii«iUI 

OMloa  OanMOoB  rad  HD*  of  I     t>|H  J* 

tuMam. m  I  CoaaacUl  u4  IflMwDuaoa* 

laUraaT BwalBai  la  Jalr.  aad  I     Nwn 

TBI  BAinuKs-  OAorrra. 

MoMT  MmIMI.  U.  •.  ammtiOm, 
tatiwr  Madta,  CMd  lUrkat, 
KontC*  IiiMnc*.  K**  York 
dlT  Biaki,  BoMOB  Baaka, 
niOiMfMa  Bulk*.  NalloMl 


Ml 


y* 


of  9ts«kai>4  Bonds 


IM 

MS 

:^««TaikU>eslBKaritt«  ..  .      U« 

InTMtmnt  aad  Slau,  Ottrrad 

OQcpanUao  PlaaaoM W 


THB  OOMJUKCUl.  TDUB. 


^[■■■tlilBplto— ., 


iuir>fT«i 
:nf  PrHw 


1«T 

irs 


Stie  <(l)ronicle. 


TasCOMMBactAi.  AMD  Financial  Cbbdiiicijiw  i«wi«<  — 
tag  momimg,  wUh  tlu  laUM  miM  nf  U  mid»iflU  »t  ^ridmg. 


rCBKt  or  ■UBMUrriOI-PATABLS  IB  ADTASCS. 

Tbb  CoMw—nti   AifB  FoiAiioiAi.  '•""——-   tolUwwl  bf  CHi1«*  l«  dty 
••kwrtbaa.  aad  aatlod  to  an  oa«n: 

rbrOMT«ar(tadadlatpoMac«) IJO  91 

For  8U  Moatki. .T.VTiTT. •  lO 

SabMripUoM  wU  b«  «aMlBa«l  antll  oriarad  Moppod  ty  a  nrlWai  ardtr 
•raia«^«Mbaflaa«|b«.    Tte  PaMltbenaaaaat  ba  raapamatWa  for  RamlV 
'   hj  OraHa  or  Poat^McaMeaar  Ordan. 

A<Tartl»«1— to. 
adiaUiiMWli  aia   paMl.had  M  tS  ciMa  w  Uaa  tor  aack 


MiMaa,  MS  vkaa  dataiSa  •dan  an  0rm  rar  ■««,  ar  iMfa.  laatlnaa.  a 
IttanJ  dIaaeMt  la  aadak  >o  pmbIm  ol  wMlaiiii  ^fcllaadoa  la  Ika  baai 
Naaa  aM  »a«>»aa.iaaU  adtacMaai.  wan  tawaqMl  iipaiWlMifc  BkiBal 
MMlHilaBaaklaK  aadrtaaaalal  colamadiswa  »»  !■»  aaifc  f  iMtfoa. 


■••■doa  ••••. 

Tk*  fxxidea  odtoaaf  OfOmaomciM  la  «  |l«kS  AasMa  Frlan,  OM  Broad 
stfMi.  .  twra  aakaartillm  aiouaaa  at  (feaMtowtacmiaa: 

Aa»  .«!  kakaatlailua  la  tka  Ohroalde  Oadadlag  poaiaf ) At   tk. 

8U  Hsoatka^  rmaertatlaa  l    B* 

vnxiaa  a.  a«aA.    I  WIUIAM  a.  DABAik  Ool,' PaUialMtol 

roaa  a.  rtorD,  JS.  (  ''«  ""i  SI  WUIUm  ttfa«.  yiW  TOSX. 

Von  Omea  B<iz  4  sat. 


t^i^  -*"*■<  diacotai  la  raralahnl  at  WmoU;  poatam  oa  Ika  taaia  la  tO 
waia.    YnlaMMkimiHtukauliiinaHHiL 

.  HT*  A  aaanMa  aal  af  Ika  OoananaL  abb  rnaaaaL  Caaa«Ka.a-Jal  r 
MMa  •kUanfta  fW  aala  U  tka  omc«.  Alaa  aM  aatof  IltraT'aMaMaAaTS 
MaaAMaa.  U»  to  Itn.  ilstMkra*  volaaaiL 


_|VTka  Baalaaaa 
Flaoaetat  lotarasu  la 


Tka  ftariiiaaa  D^Hrtamt  of  ih«  CBanaici.a  la   ranraaautad  amooa 
it  lotarasu  la  If«w  York  ntf  hr  Mr.  rrarf.  W.  JoaaaL 


THB  STU3I.ITI0?!  AKD  PLLTIluli  OF  TDK  XO.tET  liEKET. 
"The  money  market,"  it  hitcbMo  nud,  "  hu  in  modern 
timed  A  t^^ndencj  to  a  uniform  l«vel  all  over  the  world. 
Uke  the  ocean,  it  Mekii  c<|uilibriam,  and  knows  no  rent 
bnl  as  it  approximatCB  thereto."  Whether  this  be  tme 
or  not  of  the  money  markit  in  general,  we  may  at  least 
concede  ^hai  it  seema  to  a  large  extent  to  be  true  of  the 
money  market*  here  An<I  in  Europe  at  the  prcaent  mo- 
""«>t-  The  MDgolar  monpt.iry  ama  which  has  prevailed 
for  lome  time  pABt  in  tli.  ooiBmercial  world  haa  jnst 
received  a  new  intutralinn  in  the  fall  of  the  Bank  of 
England  rate  on  Thanday  to  two  per  cent.  The  redac- 
tion waa  ineviuble,  aa  has  long  bem  erident  to  most  of 
tboaewho  Are  oonreraAnt  with  the  condition  of  mone- 


tary affairs  here  and  abroad.  The  Bank  of  England, 
since  the  suspension  of  specie  payments  in  France,  has 
become  the  great  financial  clearing-house  of  Europe  and 
of  the  commercial  world.  Through  that  institution  and 
the  system  of  banks  of  which  it  is  the  centre,  the  great 
transactions  of  modem  oommeroe  are  adjusted  without 
the  intervention  of  more  than  a  very  small  proportion  of 
actual  cash.  If  that  institution  then  be  the  centre  and 
heart  of  th^  financial  circulation  of  Europe,  it  in  natural 
that  wo  should  find  there  the  same  stagnation  which 
notoriously  prevails  elsewhere.  This  stagnation  is  the 
most  serioofl  symptom  of  the  existing  ease  of  moneya 
We  have  several  times  of  late  called  attention  to  the 
fact  UiAt  the  recent  ratea  of  the  Bank  of  England,  low 
AA  they  were,  were  high  relatively  to  the  rates  cnrrent 
here.  In  spite  of  the  positive  expectation  of  tho'English 
Authorities  through  several  months  past  that  the  Bank 
would  have  to  resort  to  high  rates  "to  protect  and  to 
replenish  its  gold  reserve,"  we  hare  been  unable  to  see 
how  such  rates  conid  prevail,  or  how  any  institution, 
however  strong,  could  snooeed  in  keeping  them  up  in 
face  of  the  powerful  forces  which  Are  ACtid^  on  the  loan 
market  to  depress  the  rates  for  money,  both  in  Europe 
Aod  elsewhere.  Those  forces  are  numerous.  One  or 
two  of  them  are  specially  conspicuous  just  now. 

First,  there  is  an  abund.ince  of  idle  capital.  The 
stagnation  of  the  monetary  situation  is  not  caused  by 
Aoy  Uck  of  loanable  funds.  It  takes  its  origin  from  the 
activity  with  which  the  productive  powers  of  modem 
society  operate  to  increase  material  wealth.  The  steam 
engines  and  the  labor-saving  machinery  in  this  country 
have  been  compute<l  to  be  equivalent  to  the  unaided 
labor  of  one  thonsand  millions  of  persons  all  engaged 
in  the  task  of  prodnotioii.  So  fsr  as  the  national 
wealth  is  concerned  its  increase  seems,  on  this  hy- 
pothesis, to  be  going  on  as  rapidly  as  if  the  whole 
|M>|tiil«liAn  of  the  globe  were  at  work  on  this 
continent.  Applying  this  same  principle  to  the  nations 
of  Europe,  wo  should  arrive  .it  an  enomious  aggregate 
if  we  were  to  try  to  compute  the  annual  growth  of 
Christendom  in  productive  wealth  and  available  capital. 
If  we  desire  palpable  evidence  of  this  active  growth  in 
the  monied  resources  of  the  age  in  which  we  live,  we 
may  find  it  in  our  own  war  finance  ten  or  fifteen  years 
ago;  or  in  the  recent  payment  of  $1,000,000,000  to 
Germany  by  a  nation  which  is  less  rich  than  some  of  her 
neighbors  in  available  wealth.  The  fact  that  France 
to-day  shows  so  few  signs  of  financial  exhaustion,  has 
often  been  cited  to  prove  the  industry  and  economy  of 
the  French  people.  It  does,  indeed,  show  the  exist- 
ence and  the    strength    of    these    important    national 


146 


THE   CHRONICLE 


[August  14,  1«75. 


characteristics.  But  it  also  illustrates  the  great  general 
principle  to  which  we  have  referred, — that  material 
wealth  and  jjroductive  power  are  increasing  in  our  day 
with  an  energy  and  a  speed  of  which  the  world  has  had 
no  experience  in  former  times. 

But  how  does  this  amazing  increase  of  capital  tend  to 
affect  the  money  market?  It  does  this  in  several  ways  ; 
chiefly  by  pouring  into  the  reservoir  of  the  money  mar- 
ket new  supplies  of  available  funds  which  are  accumu- 
lating continually  and  seeking  investment.  How  such 
an  increase  of  loanable  capital  gorging  and  overflowing 
the  channels  of  the  money  market  must  tend,  other 
things  being  equal,  to  depress  the  rate  of  interest  we 
need  not,  to  American  readers,  stop  to  explain. 

But  this  growth  of  capital  is  only  one  of  the  forces  to 
which  the  depression  of  the  rate  of  interest  is  due. 
While  capital  has  been  expanding  in  volume,  the  avenues 
for  its  employment  are  subject  to  capricious  changes. 
The  readiness  with  which  capital  invests  itself  in  securi- 
ties and  in  industrial  ventures  differs  very  much  at  various 
times.  There  are  periods  in  the  history  of  the  money 
market  when  capital  is  undiscriminating  and  rushes 
eagerly  into  a  multitude  of  enterprises  which  engulf  and 
destroy  immense  sums.  Such  a  mania  for  investment  is 
usually  followed  by  apathy  and  dulness,  just  as  the 
hot  fit  of  a  fever  is  followed  by  the  languor  of  conva- 
lescence, preparatory  to  the  return  of  health.  The  work- 
ing of  this  principle  is  well  set  forth  by  the  Berlin  cor- 
respondent of  the  London  Times.  He  says  : 
*  In  common  with  other  countries,  Germany,  upon  the  restora- 
tion of  peace,  indulged  in  over  speculation,  and  was  deep  in  a 
bubble-company  mania  which  could  not  but  lead  to  serious  con- 
sequences. A  general  fall  of  prices  and  the  wholesale  extinction 
of  new  joint  stock  concerns  were  the  eventual  results  of  over- 
production and  imprudent  investment.  If  the  one  was  prejudicial 
to  manufacturers,  the  other  so  inju.-ed  small  capitalists  that  there 
is  not  a  shopkeeper  left  but  suffers  from  the  impaired  resources  of 
his  customers.  Besides  these  causes  of  temporary  slackness  at 
work  in  every  part  of  Europe,  German  industry  had  some  special 
and  even  more  disastrous  blows  to  stand  up  against.  Whatever 
advantages  they  may  ultimately  bring  the  country,  the  French 
milliards  have  proved  no  immediate  blessing.  The  unwise  haste 
with  w  hich  a  portion  of  the  national  debt  was  repaid,  and  the 
unavoidable  but  none  the  less  deplorable  despatch  with  which 
fresh  military  preparations,  involving  a  stupendous  outlay,  were 
made,  flooded  the  country  with  cash,  and  gave  an  additional 
impetus  to  momentary  over  consumption  and  over-production, 
with  its  attendant  evils. 

Encouraged  by  this  apparent  prosperity,  the  socialistij  move- 
ment for  some  time  rife  among  the  working  men  proceeded  from 
theory  to  action,  sending  up  wages,  and,  with  wages,  rent  to 
twice  and  thrice  its  former  figure.  Provisions  followed  in  due 
course.  Thus,  when  the  crash  came  and  reaction  set  in  at  borne, 
German  manufacturers  not  only  found  the  purchasing  power  of 
their  own  country  greatly  reduced,  but  what  was  equally  bad, 
the  cost  of  production  had  been  increased  to  such  a  degree  as  to 
render  it  difficult  for  them  to  compete  in  the  markets  of  the 
world.  As  one  mill  after  the  other  was  forced  to  adopt  short 
hours,  wages,  it  is  true,  fell ;  but  the  price  of  provisions,  being 
regulated  by  the  needs  of  the  European  family  at  large,  remained 
what  it  was,  and  accordingly  prevented  the  price  of  labor 
from  getting  back  to  anything  like  the  figure  it  started  from 
in  1871.  Neither  could  the  former  frugal  and  industrious 
habits  of  the  hands  be  quickly  revived,  nor  the  conscientious 
solidity,  once  a  characteristic  of  German  workmanship,  be  restored 
immediately.  Thanks  to  the  combined  influence  of  these  various 
agencies,  the  commercial  statistics  of  1873  and  1873  assumed  an 
unprecedented  cliaracier,  which  struck  terror  into  the  national 
heart.  In  1872,  imports  were  estimated  at  1,087,000,000  thalers, 
exports  reaching  only  773,000,000  thalers  ;  in  1873,  things  looked 
still  more  gloomy,  imports  going  up  to  1,353,000,000  thalers,  while 
exports  went  down  to  767,010,000  thalers.  When  these  returns 
of  the  Commercial  Department  became  known,  the  ruin  of  German 
industry  seemed  to  be  at  hand.  But  in  healthy  bodies  disease 
effects  its  own  cure.  The  surplus  money  gradually  finding  its 
way  into  other  lands,  there  remained  nothing  for  the  population 
of  this  country  to  do  but  to  curtail  expenditure  and  return  to  work 
in  earnest.  The  Custom  House  statistics  for  1874,  though  as  yet 
incomplete,  show  this  process  of  reform  to  be  in  full  swing. 

To  sum  up  the  facts  we  have  pissed   in  review,  we 

repeat  that  the  most  serious  symptoms  in  our  money 

market  at  present  are  stagnation  and  incertitude  whicli 

are  accompanied  by  a  very  low  rate  of  interest  resulting 

from  a  plethora  of  idle  capital  and  a  contraction  of  the 

approved  channels  of  investment.    How  long  this  par- 


tial and  depressing  languor  will  continue,  and  what 
further  failures  may  follow,  it  is  impossible  to  foresee. 
Monetary  stagnation  is  one  of  the  penalties  we  have  to 
pay  for  the  over-strained  expansion  of .  past  years.  It  is 
the  indispensable  preliminary  to  recovery.  And  it  is  a 
malady  which  as  we  have  seen  is  not  peculiar  at  present 
to  this  country.  Though  distinguished  by  some  local 
modifications,  it  is  epidemic  elsewhere,  and  affects  with 
more  or  less  violence  several  of  the  active  commercial 
nations  of  the  world. 


THE  REPORTS  (IP  THE  NATIONAL  BANKS. 
For  reasons  which  have  been  often  explained,  the 
movements  and  condition  of  our  National  Banking  sys- 
tem are  commanding  anxious  attention  all  over  the 
country  since  the  financial  legislation  of  the  last  session 
of  Congress.  Hence,  the  quarterly  statements  of  the 
banks  have  been  examined  with  a  keener  scrutiny  than 
usual.  In  the  latest  of  these  reports  the  Comptroller 
of  the  Currency  shows  the  condition  of  all  the  national 
banks  in  the  United  States  on  the  30th  of  June.  We 
are  thus  informed  of  the  state  of  the  banks  at  the  close  of 
the  fiscal  year.  As  "the  accounts  of  the  Treasury  of  the 
United  States  are  made  up  to  the  same  date,  we  shall  be 
able  to  compare  the  several  parts  of  which  our  financial 
system  is  composed.  It  will  thus  be  possible  to  ob- 
tain a  more  comprehensive  and  complete  view  of  the 
financial  situation  of  the  country  than  has  been  given  in 
previous  years.  The  benefit  will  be  enhanced  by  the 
fact  that  the  State  banks'of  N"ew  York  made  their 
official  returns  on  the  26th  of  June,  so  as  to  present  a 
summary  of  their  statistics  at  nearly  the  same  period  as 
is  covered  by  the  reports  of  the  national  banks.  To 
show  the  progress  of  the  National  Banking  system  dur- 
ing the  last  two  years  we  subjoin  the  following  table, 
which  gives  the  Comptroller's  statement  just  published, 
together  with  the  corresponding  figures  for  the  Spring 
reports  of  1873,  1874  and  1875  : 


CONDITION  or 
LiabilUUe. 

Capital  stock  paid  in 

Surplus  fund 

Undivided  profits 

Nat.  bank  notes  outstand'g. 
State  bank  notes  outstand'g. 

Dividends  unpaid 

Individual  deposits 

U.S.  deposits 

Deposits  of  U.  S.  disbursing 

officers 

Due  to  National  banks 

Due  to  State b*ks  &b'kers.. 
Notes  and  bills  re-discounted 
Bills  payable 

Aggregate  liabilities 1, 

Sexmrcef. 

Loans  and  discoants 

Overdrafts 

U.  S.  bonds  to  secure  circ'n 
U.  S.  bonds  to  secure  dep'ts 

U.  S.  bonds  on  hand 

Other  st'ks,  b'ds  &  mort'gs. 
Redeeming  &  reserve  ae'ts. 
Due  from  other  Nat'l  b  inks 
Due  from  State  b'ks  Jfc  b'krs 
Real  est.,  furnit'e  &  fixtu's. 

Current  expenses 

Premiums  paid 

Checks  &  other  cash  items. . 
Exch'ges  for  t'  ear'g  House. 
Bills  of  other  Nat'l  banks.. 

Bills  of  State  banks 

Fractional  currency 

Specie  on  hand . . 

Legal  tender  notes 

U.  S.  cert,  for  leg.  ten.  Aotes 
3  per  cent  certificates. .     ... 

5  p.  c.  redemption  fund, 

Due  from    U.   S.    Treasury 

other  than  5  p.  c.  red'n  fd. 


TH£  NilTIONAI,  BAKK3, 

1873.  1874. 

April  S6,        May  1, 

l,962ftan*».  l,m» banks. 


* 

487,891,251 

115,80,5,674 
55,415,348 

338.163,864 
1,280,208 
1,462.336 

616,848,353 
7,880,087 


$ 

490.077,101 

125,561,081 
54,331,713 

340,267,649 
1,049,286 
2,259,129 

649,286,293 
7,994,422 


1873-1875. 
1875. 
May  1, 
2,045  banks. 

$ 
497,717,143 

131,404,608 

55,849,959 

322,522,330 

81.3,079 

2,502,234 

692,558,620 

6,797,972 


4,425,760  3,297,689  2,766,387 

126,631,986  135,640,418  127,033,238 

35,036,433  48,683,921  52,654,956 

5,403,048  4,581,420  5.671,031 

7,059,188  4,772,662  6,079,632 


1875. 

June  30, 

2,076  banks. 

* 
500,568,663 

13:i,  169,094 

52.160,104 

318,148,40  6 

786,844 

6,105,619 

686,478,630 

6,714,328 

3,459,061 

1.38,914,828 

55,714,055 

4.261,464 

5,758,299 


,800.303,280  1, 
912,061,267 


,867,802,796  1 

$ 
923,3}7,030 


386,783,800 

15,235,000 

9,613,560 

22,449,148 

88,815,557 

.38.671,088 

12,883,353 

34,216,878 

7,410,046 

7,659,987 

11,425,209 

94,132,125 

19,310,202 


389,249,100 
14,890,200 
10,152,000 
25,460,460 
94,017,603 
41,291,015 
12.374,391 
36,708.066 
7,547,203 
8,680,370 
11,948,598 
94,878,218 
20,673,452 


2,198,978 

16,868,808 

100,605,287 

18,370,000 

710,000 

2,187,186 
32,669,969 
101,692,9.30 
40,135,000 

Aggregate  resources. . . .  1,800  303,280  1,867,8(»,796  1,904,421,193  1 


Angast  14, 1876.] 


THE   CHRONICLE 


147 


The  capital  of  the  National  Baaks  has  now  reached  a 
higher  level  than  ever  before.  Its  amount  is  801  mil- 
lions, against  487  millions  two  j-ears  ago.  The  number 
of  the  banks  is  2,076,  showing  an  increase  of  thirty- 
one  banks  during  the  last  two  months.  These  thirty- 
one  banks  have  an  aggregate  capital  of  about  four  mil- 
lions of  dollars,  so  that  the  ayerage  capital  of  each 
institution  is  less  than  $130,000.  From  other  facts 
referred  to  below,  it  appears  that  the  new  banks  which 
are  just  beginning  to  rise  uji  throughout  the  country, 
under  the  stimulus  of  the  recent  financial  legislation^ 
are  all  of  them  banks  of  sm.ill  capital.  This  tendency 
is  illustrated  by  the  following  table,  which  shows  the 
number  of  banks  that  have  been  orgatixed  since 
the  Dawes  Compromise  Finanee  bill  was  passed.  In 
this  table,  therefore,  we  m-.-  r«i(leeted  the  influence  of 
that  bill,   as  well   as  of  th.  i  Resumption  bill, 

which  was  paned  14th  Janii.i. . ,  . 

VmpUal. 

100,000 
MO.Oon 
la^oao 

UM^OOO 

n.iM 

10O.00O 


March  VK 
Add  grf-eobsekt  retired,  viz.,  80  per 
unt  on  Dew  National  bank  ctrcal»- 
tlon  ia«ned  np  to  date •S,MS,t80 

Direct  currency  contraction  under  new 
finance  law« $16,584,717 

Add  contnction  indirectly  due  to 
tboaelawt 1S,000,000 


April  !0. 


t!>.»48,i10         t6,SS8,4a0 


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From  thia  table  it  appears  tkat  in  the  period  of  six 
montha  63  banks  were  created,  with  a  united  capital  of 
$7,004,000.  Bat  we  showed  aboTe  that  31  of  thiMte 
banks  were  organized  during  the  last  two  months  of  the 
half  yrar.  Hence  it  ia  clear  that  the  prediction  we 
BUtde  whao  tha  Sherman  lull  was  paaaed  haa  already 
neaiTad  aonie  ooiToboration.  This  prediction  affirmed 
that  the  Sherman  bill  would  stimulate,  all  over  the 
ooontry,  two  oppoeite  moveraeota.  First,  that  it  would 
operate  upon  oonaervativo  men,  eapedally  in  some  of  the 
«hief  financial  centrea,  and  wontd  canae  them  to  with- 
draw or  give  up  their  cnrresey,  thus  checking  on  that 
aide  the  growth  of  the  natioaal  banking  ayatem.  Oa 
another  aide,  however, '  :te  principle  of  expansion 

was  antidpated.  Thui  :^^.  .aiiun  was  declared  likely  to 
induce  men  of  small  reaources  and  experience  to  form 
■mall  banks  in  country  towns  and  villages,  relying  u|K>n 
the  earrency  privilege  for  the  chief  part  of  their  ex- 
pected profit.  The  infcri  iioe  deduced  waa  that  the  law 
in  question  woald  cause  fontlMlioii  of  the  rum-noy  for 
some  time,  and  that  an  oppoait*  movement  of  expanniun 
would  gradnally  set  in  afterwards.  It  is  premature  aa 
yet  to  offer  an  exact  estimate  as  to  these  re«nlt>>  which 
are  only  partially  developed  in  the  facts  set  forth  in 
tha  foregoing  tabl&  Mon^vcr,  there  ia  evidence  from 
other  sources  which  may  be  cited  in  confirmation.  A 
shoit  time  ago  the  Comptroller  of  the  C'urrency  com- 
piled three  statements  to  show  at  different  dates  the 
total  amount  of  currency  contraction  from  the  recent 
finance  laws.  Theae  statementa  are  luci<l  and  suggest- 
ive. They  are  aa  followi: 
nramina  «•»  covnuvnow  or  •  ■  Ka 
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Ti.taloontnction  toaoth  Jojfe $Sl,SS4,117 

•  M  per  cent  on  $a,S«6,600  new  NUional  bank  notes  laaned  np  to  April  1. 
t  80  per  oent  on  $4,933,300  new  National  bank  notes  Issaed  np  to  May  1. 
;  80  per  cent  on  $T,'S5,5»  new  National  bank  notes  issaed  np  to  July  1. 

Here  we  have  a  proof  that  an  irregular  contracting  force 
of  some  activity  was  rightly  ascribed  to  the  last  two 
finance  bills.  The  currency  showed  considerable  changes 
soon  after  the  laws  were  passed.  The  first  line  of  the  table 
shows  the  contracting  force  with  its  effects  at  different 
times.  In  March  it  had  caused  currency  contraction  to 
the  amount  of  1 7  millions.  In  April  the  amount  was  20 
millions.  In  .Tune  it  had  risen  to  25  millions.  Turn- 
ing next  to  the  expansive  force  of  the  bill  we  find  its 
effects  recorded  in  the  second  line  of  the  table,  which  shows 
a  much  more  tardy  development,  in  precise  harmony  with 
the  prediction  above  referred  to.  The  expansion  of  the 
onrrency  by  new  bank  note  issues  amounted  in  March 
to  t3,.'55«,«00.  In  April  it  had  risen  to  $8,888,337.  Two 
months  later  the  expansion  had  risen  to  $1 1,601,892.  It 
will  be  interesting  to  compare  with  the  currency  changes 
above  recorded,  the  later  movements  of  the  currency, 
which  are  t6  be  developed  under  the  conflicting  forces  of 
expansion  and  contraction  that  have  so  recently  been 
introduced  into  our  financial  machinery. 

COnom  CO.ITEilTIOH  AHD  BILLS  OF  LADINS. 
The  late  Convention  of  the  National  Cotton  Exchange 
held  in  Virginia  was  a  very  business-like  body.  It 
accomplished  iu  work  quietly  and  expeditiously,  making 
little  noise  but  doing  much.  We  should  like  to  have 
made  room  for  a  report  of  its  proceedings,  and  only  the 
the  crowded  state  of  our  columns  has  prevented. 

No  point,  however,  which  this  convention  discussed 
waa   of  more  practical   importance  than  the  proposed 
legislation  with  regard  to  bills  of  lading.     It  is  quite 
remarkable  that  this  subject  has  not  been  earlier  agitated, 
and  that  business  men  aboold  ao  long  submit  quietly  to 
the  loose  and  inseonre  praotioee  connected  with  the  issue 
of  theae  instmmenta.     We  all  know  for  instance  that  a 
railroad  or  steamboat  company's  agent  may  execute  and 
iaaue  such  a  bill  in  the  name  of  the  company  l>efore  the 
goods  are  received,  and  yet  after  the  bill  haa  been  nego- 
tiated and  an  innocent  party  become  the  posacesor,  such 
innocent  party  cannot  bold  the  railroad  or  steamboat 
company  resjMjnHible.     The  same  is  tnie  also  with  regard 
to   warehouse   companies'    receipts,   the  courts   having 
decided  that  the  act  of  the  agent  is  in  such  cases  beyond 
the  scope  of  bis  authority.     lie  (the  agent)  had  no  right 
tofleliver  such  a  bill  or  receipt  before  he  received  the 
••••lAi^nd  cannot  therefore  bind  his  principal.     Thus  a 
fraudulent,  or  even  a  careless  agent,  might  and  often  has 
done  great  harm  to  innocent  parties.     At  times  failures 
have  resulted  from  advanc<>8  made  on  just  such  bills  with 
no   merchandise  delivered.     But  what  is  of  more  im- 
portance than  an  individual  failure,   is  the  uncertainty 
and  risk  attemiing  all  transactions  connected  with  such 
instruments,  if,  even   when  duly  executed  by  an  agent 
of  the  company,  they  may  thus  turn  out  to  be  mere 
worthless  pieces  of  paper.     Thin  opens  the  gates  wide 
to    fraudulent    prictices,   encourages   rather  than   dis- 
courages them,  and   throws  around  every  such  dealing 
an  atmosphere  of  doubt  and  distrust  which  is  the  bane 
of  legitimate  trade. 
To  meet  and  in  some  measure  to  correct  this  evil,  the 


I'48 


THE   CHRONICLE. 


[August  U,  1876. 


National  Cotton  Exchange,  through  Mr.  John  F. 
Wheeless,  Chairman  of  tlie  Committee,  proposed  the 
passage  of  a  laV  in  each  State  which  should  open  the 
way  to  a  remedy  against  the  agent  signing  such  an 
instrument,  and  also  against  the  company  in  whose  name 
it  is  issued.  The  idea,  we  suppose,  was  that  the  agent, 
of  course,  should  be  punished,  but  also  as  between  the 
company  and  the  innocent  holders  the  company  should 
suffer.  Hence  they  recommended  each  exchange  to 
seek  to  secure  in  its  State,  legislation  to  the  following 
effect : 

First.  That  no  maeter  of  any  vessel  or  boat,  or  agent  of  any 
railroad,  transfer  or  transportation  company,  or  any  other  person, 
shall  give  any  bill  of  Jading  or  other  voucher  for  any  cotton, 
grain,  tobacco  or  property  of  any  kind,  by  which  it  shall  appear 
that  such  produce,  merchandise  or  property  has  been  shipped  on 
any  vessel,  boat,  railroad  or  other  company  or  vehicle  of  trans- 
portation, unless  the  same  shall  have  been  received  in  depot,  or 
delivered  to  such  vessel  or  boat  or  other  vehicle,  to  be  carried  or 
transported  as  expressed  in  said  bill  of  lading  or  other  voucher. 

Second.  That  any  warehouseman,  master  or  agent  of  any  ves- 
sel or  boat,  or  any  other  person  who  shall  violate  this  act,  shall 
be  deemed  guilty  of  a  criminal  offence,  and  upon  indictment  and 
conviction  therefor  shall  be  fined  in  any  sum  not  exceeding 
15,000  or  imprisoned  in  the  penitentiary  of  the  S^.ate  for  not 
more  than  five  years,  or  both  such  fine  and  imprisonment.  And 
all  and  every  person  or  persons  aggrieved  by  the  violation  afore- 
said shall  have  a  right  of  action  at  law  against  the  person  or  per- 
sons, corporation  or  corporations  whose  agents  have  violated  this 
act,  to  recover  damages  which  he  or  they  may  have  sustained  by 
reason  of  such  violation  as  aforesaid,  before  any  court  of  compe- 
tent jurisdiction,  whether  such  person  or  persons,  corporation  or 
corporations,  shall  have  been  guilty  of  fraud  under  this  actor  not. 

We  have  not  the  final  resolution  of  the  Convention 
before  us,  but  the  above  has  been  given  to  us  as  the 
substance  of  their  action.  The  intention  evidently  was 
to  make  the  act  of  the  agent  a  misdemeanor,  and  to  give 
the  aggrieved  party  a  right  of  action  for  damages 
against  the  company.  How  far  this  latter  provision 
can  be  enforced  does  not  seem  to  us  quite  clear;  it  may 
be  doubted  whether  on  this  point  the  action  of  the 
Convention  suggests  the  true  remedy.  A  railroad 
compauy,  for  instance,  must  have  an  "agent  at  each 
station  to  receive  freight  and  give  bills  of  lading.  It 
would  be  extending  to  that  agent  large  and  very  unusual 
powers  if  every  piece  of  paper  he  chose  to  sign,  pre- 
tending to  cover  merchandise,  should,  in  the  hands  of 
an  innocent  holder,  bind  the  company.  Still  we  are 
very  glad  to  see  this  discussion  and  action,  knowing 
that  if  pursued  and  followed  up,  as  it  no  doubt  will  be, 
some  statute  will  be  framed  embodying  the  spirit  of 
these  suggestions  and  yet  protecting  all  parties  con- 
cerned. The  Tennessee  Legislature,  last  winter,  passed 
an  act  to  the  same  effect  as  above,  with  other  provisions, 
about  as  follows  : 

1.  That  whosoever  shall  buy  any  cotton,  tobacco  or  other  pro- 
duce, merchandise  or  property,  for  cash,  or  shall  procure  an 
advance  upon  the  same,  and  shall  sell,  hypothecate  or  pledge  the 
same  to  another,  and  use  the  proceeds  thereof  for  any  other  pur- 
pose than  the  payment  of  the  seller,  vendor  or  party  advancing 
thereon,  or  shall  ship,  carry,  or  otherwise  make  way  wiih,or  shall 
deliver  to  another,  any  such  cotton,  tobacco  or  other  produce  or 
merchandise,  without  payment  to  said  seller  or  vendor  or  party 
having  advanced  thereon,  shall  be  guilty  of  a  felony,  and  upon 
conviction  shall  be  punished  by  fine  or  imprisonment,  or 
both,  &c. 

2.  If  any  merchant,  broker  or  warehouseman  undertaking  to 
execute  orders  for  the  purchase  of  produce  or  merchandise,  shall, 
with  intent  to  defraud,  draw  a  bill  of  exchange  upon  his  prin- 
cipal or  his  agent  for  a  greater  sum  than  the  cost  or  value  of 
such  produce  or  merchandise,  with  reasonable  charges  thereon, 
he  shall  be  liable  to  all  the  penalties  previously  named  ;  and  fur- 
ther, that  no  written  or  printed  condition  or  clause,  which  may  in 
any  way  limit  the  liability  imposed  by  this  sot,  shall  be  of  any 
effect  or  force  whatever. 


The  convention  did  not  take  action  upon  these  latter 
portions  of  this  statute,  the  intent  of  which  evidently  is  to 
impart  further  security  to  transactions  in  these  articles  of 
merchandise.  Grave  abuses  have  arisen,  and  it  is  sought 
to  cure  them  by  this  legislation.  So  far  as  it  can  be  done 
in  this  manner,  such  legislation  will  be  favorably  received. 
At  present,  as  we  understand  it,  a  whole  consigment  of 
cotton  can  be  hypothecated  or  sold  to  pay  railroad 
charges;  that  is,  the  real  owner  can  lose  the  title  to  the 
whole  under  a  claim  of  advances  for  freight.  These 
latter  provisions  of  this  law  are  intended  to  meet  a  case 
of  that  description,  and  other  similar  abuses.  But,  after 
all,  it  may  be  doubted  whether  in  these  particulars  there 
can  be  much  security,  except  as  one  is  careful  to  select 
honest  agents  or  consignees. 

Still,  as  fre  said  above,  the  discussion  of  this  whole 
subject  is  timely.  There  are  evils  here  which  should  be 
checked,  and  through  such  discussion  the  true  remedy 
for  checking  them  will  be  reached. 

RAILROAD  EARNINGS   IN  JCIY,  AND   FROM  JANUARY   1   TO 

AUGUST  1. 

The  annual  reports  of  prominent  Western  railroads  for  the  last 

fiscal  year,  several  of  which  have  only  recently  been  issued,  show 

the  lowest  rates  on  freight  that  have  ever  been  made.     In  fact,  it 

has  been  a  matter  of  surprise  that  the  falling  off  in  earnings  was 

BO  little  due  to  a  decrease  in  the  volume  of   freight  transported, 

as  in  many  cases  the  reports  show  that  the  tonnage  moved  was 

equal  to  or  even  larger  than  that  of  previous  years.     Before  the 

annual   reports   for   1874  had  been  published  it   was  generally 

supposed  that  the  depression  in  commercial  business  during  the 

year  had  led  to  a  heavy  falling  off  in  the   quantity  of   freights 

shipped  by  rail ;  but  the  actual  returns  show  that  the  chief  cause 

of  the   malady   with  railroads  is  in   the   unprecedentedly   low 

freight  rates  prevailing,  and  that,  even  with  a  moderate  advance 

in  these,  the  amount   of  business  done  would   be   sufficient   to 

enable  them  to   earn  fair  dividends.     The  truth  is  conspicuous 

that  the  rates  of  transportation  have  been  too  low,  and  a  moderate 

advance  ought  to  be,  and  we  believe  will   be,  established.     The 

present  time   of  the  year  is  unfavorable,  but,  with  the  close  of 

navigation,  a  new  opportunity  will  be  offered,  and  it  is  hardly 

supposable  that  the  railroads  of  the  country  are  go'ng  on  to  do 

business  at   rates   which   do   not  pay,  and  which   have   already 

caused  a  suspension  of  dividends  by  many  of  the  b*t  companies 

and  driven  others  to  default  oq  their  bonds.     At  the  moment  of 

writing  intelligence  comes  to  hand  of  an  advance  in  the  Western 

freight  tariff  on  the  four  leading  trunk  roads,  which  will  go  into 

effect    to-day.      The   following  are    the  rates  at  which   freight 

will  be  taken  from  New  York  and  Boston  to  the  leading  points 

W^est ' 

let  Class.    2d  Class.    3d  Class.    -Ith  Class.    Special. 

Bnfi&Io 45  40  35  30  20 

Cliicsgo 60  40  30  25  20 

Cleveland...  40  30  25  20  15 

Cincinnati 46  37  28  23  19 

LoaisYille 60  49  39  34  28 

St.  Lonis 67  65  43  36  32 

Toledo 40  81  85  20  18 

Detroit ...  40  80  25  20  15 

Milwaukee SO  40  30  S5  20 

The  agreement  entered  into  by  the  freight  agents,  and  ratified 
by  the  officers  of  the  several  companies,  seems  to  be  quiti>  har- 
monious, and  the  opinion  is  expressed  among  railroad  men  that 
the  terms  will  be  well  kept,  and  that  there  will  be  no  more  of 
that  ruinous  "cutting"  in  rates  which  has  heretofore  been  so 
damaging.  The  present  tariff  is  still  low,  and  ought  to  be  satis- 
factory to  shippers. 

Crop  reports  from  the  Northwestern  States,  in  that  section  of 
country  drained  by  the  lines  of  the  Chicago  &  Northwestern  and 
Milwaukee  &  St.  Paul  roads,  are  thus  far  quite  favorable,  and  the 
wheat  harvest  at  latest  dates  was  progressing  rapidly,  with  every 
probability  of  a  large  yield.  With  good  weather  for  a  few  days 
more  in  that  section  there  is  every  reason  to  look  for  a  heavy 
grain  traffic  during  the  coming  autumn. 

The  Pacific  railroads,  which  have  a  monopoly  on  their  lines  and 
are  not  affected  1  i  i.inous  tariffs,  continue  to  show  a  large  in 
crease  in  earningd. 

Frpm  a  general  view  of  the  situation,  including  the  circum- 
stances above  referred  to,  we  are  inclined  to  the  opinion  that  the 
point  of  greatest  deprfession  in  railroad  earnings  has  been  passed, 
and  that  the  future  will  be  more  favorable.    It  is  impossible^to 


Aognct  14,  1876.] 


THE   CHRONIOT.K 


149 


hold   to   laeh   ao   opinioo  with   absolota  inflexibilitj,  but   there 

■ttemi  to  be  irood  remson  for  eotertaining  this   more  encoarmging 

riew  of  the  fature,  and  for  thinking  that  the   first  half  of   1875 

will   be   remembered  aa  the  worst  period  on    record  lor  railroad 

baaioeaa. 

■inaoti>  BABsoiaa  IM m.T. 

wn.  ISN. 

Central  Padtc tl.«T7.(»a     $IJHI.MO 


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Now,  Mr.  Homans  proposes  a  radical  change  in  the  conditions  of 
life  iDsarmnee^nameljr,  t!ie  praetieal  recognition  of  the  ownership 
of  the  policy  tuAder  in  tlie  rutro*  vhieh  grout  out  of  hit  oien  pay- 
ment*. This  recognition  is  to  be  shown  in  the  policy  by  grautini; 
to  the  policy  holder,  when,  for  any  reason,  he  may  wish,  or  be 
compelled,  to  discontinue  his  insnrance.  the  right  to  draw  oat  in 
eaah  his  accamulated  deposits,  or  reserves,  on  one  condition  ;  and 
that  condition  is  the  cost  of  procariog  a  sabsiitata  who  will 
thereafter  maintain  the  contribniions  to  the  three  funds  which 
have  already  been  named  as  supported  by  the  payment  of  a  uni- 
form annual  premium. 

We  have  not  the  space  to  enlarge  upon  this  subject;  but  Mr. 
Homan'a  idea  has  been  utilised  by  the  formation  of  a  new  Life 
loaaraDoe  Company,  organised  for  the  purpose  of  effecting 
Inrnrances  on  the  plan  sugKcated,  ^called  the  Provident  Savings 
Life  Assurance  Society  of  New  York)  where  all  who  are  inter- 
ested can  examine  inio  the  system  more  fully. 


Catiflt  fllouetarn  aiiii  €o:niiurclal  (Euglisi)  Xtwa 


RArK«  ar 


««rH\.M«iR    IT  f.«».^IION.    4ND  ON   (.ONbOR 
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M1KTH1X6  .NEW  IS  LIFI  IHGIiXCE. 
Mr.  Sbeppaid  Homans.  late  actaary  of  the  Ifntosl  Ufa  Insnr- 
MMe  Compaay  of  New  Tork,  read  a  very  inlereating  paper  before 
tbo  AflMrtean  Social  Belaaee  Aasociatioo  last  mooth.  at  Detroit, 
eontalnlng  sf  gelloAS  "  (or  a  plan  of  life  losoraoee  wiibool 
large  seevaaUtlOAS  or  reserrea."  Mr.  Homaaa  abows  that  the 
onifora  anaoal  praiAiam  paiii  for  Ufa  iAMiaaea  Is  divisible  Into 
tbrsa  parte,  which,  ha  says,  are  eVMIially  diflitreot  in  their 

Datore,  and  should  oever  ba  i — itf tttt  Aswtly.  1,  the  provisloo 

for  dalas  by  death  dariog  the  year ;  t,  Ika  prortslon  for  expeeses 
of  aaaagameot  and  advara*  eontioceaelas ;  aad  3,  the  reserve,  or 
yearly  deposit,  to  Maatkha  datdta  in  latar  years  whao  the  nnilorm 
annual  piattlaM  will  ba  laas  than  tha  tkoA  eamat  yearly  coau 
of  iaaaiBMA.  Thaaa  aasoal  deposits  or  imsiiss  are  alalail  to  be 
priMtt  MemmnlmUMU  Md  in  trust  f»r  UU  tndMduat  itpttOor 
aimply  paynenta  ia  advance  to  meet  iIm  astra  eoet  of  ioaurance 
upon  bis  own  life  in  the  distent  and  aaaartaia  fotare.  This  ia 
the  saviags  bank  departaaat  of  life  laaaraaee,  in  which  ea«h 
policy  bolder  has,  or  shoald  have,  to  bis  credit  his  own  proper 
sam  ;  that  sos  being,  as  is  ar^-ued,  his  private  property,  aad 
sboald  not  ba  esAlbeatad  in  whoU  or  la  part  If  be  Is  naable  or 
does  not  with  to  pay  (or  the  contiouaaea  of  inaoranea.  II  be 
OMoels  hia  policy,  ba  fraea  the  oon>|>aay  from  the  risk  of  paying 
tba  s«B  Insared,  aad  ba  sboald  ror,<iva  the  aeeanttlatlooa  which 
have  gfvwB  oat  of  Us  «wa  poymento,  and  whiab  ware  Intended 
to  pfovta*  for  Um  looi  whtak  his  withdrawal  prsaladaa. 


IProB  oar  owe  corraaponianL] 

London.  Saturday,  JoJ^  81, 1870 
Ths  {slluro  of  Ueasra.  Duncan,  Sherman  &  Co.  haa  not  had 
moeh  effect  here,  and  even  in  American  railroad  securities  there 
WMonlya  brief  period  ol  depreasion.  It  ia  not  to  lie  expected, 
however,  tliat  the  suapenslon  will  be  without  aome  adverse  infla- 
%atm,  for  snrh  could  scarcely  be  expected  when  it  is  Imrne  in  mind 
that  the  repntetion  of  the  Arm  was  much  above  the  average.  The 
priadpal  effect,  as  far  aa  the  Earopean  money  markets  are  con- 
.  will  be  to  check  any  tendency  for  money  to  find  invrat- 
ia  American  railroad  securities,  more  especially  as  capiteliste 
aad  smaller  Investors  are  very  timid  al>out  the  aoundneaa  of  most  * 
aeearities.  If,  as  ia  believed,  the  present  failure  ia  but  one  of  the 
isgadeo  of  the  American  panic  of  1878,  the  dislrust  may  not  be  of 
long  daratioo.  For  a  time,  however,  purehaaes  of  stocks  will  be 
chsclrsd.  aad  new  schemes  will  not  be  received  with  favor  ;  but  a 
healthy  feature  Is  that  American  railroad  bonds  have  not  suCTered 
to  any  material  extent,  the  holders  of  them  being  altogether 
unwilling  to  sell,  with  but  few  exceptions.  American  first  mort- 
gaga  ^^0&n  held  as  a  permanent  Investment,  and  It  is  not 
likely,  tbereforr,  that  one  failure  In  the  ITnited  Statea  would  lead 
to  any  baaty  realltatlonf.  As  regards  United  Sutea  Oovernment 
aecuritiee,  the  tone  has  been  very  firm,  and  prices  have  bad  an 
upward  tendency.  T>ie  lionda  of  all  the  principal  com  producing 
coantriea  have.  In  fact,  continued  In  reqneat  at  advancing  qnota- 
tioaa. 

If  the  fail  are  ol  Dnncaa.  Sherman  A  Co.  checks  the  oulfiow  of 
eapitel  to  America,  it  it  probable  that  the  English  money  market 
will  remain  in  a  stagnant  condition  for  some  months  to  come.  It 
was  thought  that  the  improved  prices  for  wheat  would  give  a 
stimnlna  to  American  trade,  and  that  a  speedy  termination  to  the 
difllcnltlea  which  have  beset  American  trades  for  so  long  a  period 
would  be  reached.  And  from  this  improvement  we  were  In  hopes 
that  the  general  butineaa  of  this  country  would  derive  some  bene- 
fit. Theee  hopes,  however,  are  now  fading  aomewhat,  and  it  is 
dilBealt  to  see  in  what  direction  our  vast  auppllea  of  idle  money 
will  he  absorbed.    It  is  probable  that  no  farther  advance  will  be 


150 


THE   CHRONICLE. 


[August  14'  1875. 


CBtabliahed  in  the  value  of  wheat,the  fineness  of  the  weather  havin;:^ 
induced  many  speculative  and  bona  fide  holders  to  sell,  the  result 
of  which  has  been  that  prices  have  experienced  a  decided  fall 
during  the  present  week.  It  is  quite  possible,  nevertheless,  that 
when  the  trade  has  returned  to  its  normal  condition,  that  is  to 
saj,  when  the  speculative  element  which  had  been  introduced  into 
it  iu  consequenee  of  the  'ate  unsettled  weather,  has  vanished,  it 
will  be  found  that  a  higher  range  of  values  than  last  season  is 
justifiable,  as  the  production  of  wheat  in  the  United  Kingdon  is 
certain  to  fall  short  of  that  of  last  vear.  The  late  rains  Lave,  in 
many  localities,  done  considerable  damage,  besides  which  there  is 
decidedly  less  land  under  cultivation,  but  the  price  which  we 
shall  have  to  pay  will  be  largely  determined  by  the  requirements 
of  other  countries,  for  if  we  have  such  a  competitor  as  France  in 
the  producing  markets,  it  is  obvious  that  a  higher  range  is  inevita- 
ble, unless,  indeed,  America  and  Russia  should  have  a  very  large 
surplus. 

The  Bank  rate  of  discount  has  been  reduced  this  week  to  2|  per 
cent,  but  no  increased  demand  for  accommodation  has  been  created. 
In  every  quarter  a  very[limited  inquiry  has  been  experienced,  and, 
owing  to  the  recent  failures,  and  to  the  prosecution  of  Messrs. 
Collie,  on  the  question  of  accommodation  bills,  the  banks  and 
discount  houses  are  very  shy,  and  will  only  take  the  best  paper.  We 
are  of  course  in  that  condition  in  which  an  improvement  in  trade 
is  next  to  an  impossibility.  It  is  difficult  for  second-rate  traders 
to  get  iheir  bills  discounted  or  otherwise  to  procure  accommoda- 
tion, and  hence  there  are  not  many  facilities  aflforded  for  a  devel- 
opment of  our  commerce.  On  the  contrary,  there  is  a  natural 
tendency  towards  contraction,  and  no  doubt  it  will  be  found  that 
the  trade  of  the  present  summer  has  been  on  a  very  restricted 
scale.  Eventually,  the  depressing  process  which  we  are  undergoing 
will  bring  about  a  healthier  state  of  things,|and  it  is  pretty  evident 
that  the  banks  and  discount  houses  will  be  more  cautious  in 
future. 

The  demand  for  money  throughout  the  week  has  been  exceed- 
ingly limited,  and  the  supply  of  money  being  abundant,  the  best 
bills,  having  various  periods  to  run,  are  taken  at  the  following 
quotations ; 

Percent.  Percent. 

2X        4  months' bank  bills 2V@2>i 

6  monthe' bank  bills i%®i% 

4  and  6  montba'  trade  bills.  iX&'^X 


Bank  rate 

Open-market  rates : 

30  and  60  diys'  bills 2 

Smonths'bflls 3 


®2>i 


The  rates  of  interest  allowed  by  the  Joint-stock  banks  and  dis- 
count houses  for  deposits  are  as  follows  : 

Per  cent. 

Joint.atock  banks 1^®..., 

Discount  hOQses  at  call \%<g^.  .' 

Discount  houses  with 7  days' notice 1X@  ... 

Discount  houses  with  14  days' notice...   ^ IX®.... 

Annexed  is  a  statement  showing  the  present  position  of  the  Bank 
of  England,  the  Bank  rate  of  discount,  the  price  of  Console, 
the  average  quotation  for  English  wheat,  the  price  of  Middling 
Upland  cotton,  of  No.  40  Mule  yarn  fair  second  qualitj , 
and  the  Bankers'  Clearing  House  return,  compared  with  the 
four  previous  years  : 

1871. 
ClrcQlatlon,  incladlng       £ 

bamk  post  bills 26,340.466 

Public  deposits 4  731,757 

Other  deposits 24,411,661 

Government  securities.  14,669,090 

Other  securities 17,621,636 

Reserve   of  notes  and 

coin 15,488,908 

Ooln    and  bullion   In 

\  both  departments 26,21.3.1.33 

Bank-rate 2p.  c. 

Consols 93%. 

English  wheat 588.  Od. 

Mid.  Upland  cotton     ..    8  15-16d. 
No.40muleyarnfalr  Sd 

quality Is.  2d. 

Clearing  House  retam.116,642,000  147,653,000 

The  proportion  of  reserve  and  liabilities  at  the  Bank  is  nearly 

51  per  cent,  against  49f  per  cent  last  week. 

The  rates  of  money  at  the  leading  cities  abroad  are  as  follows  : 


1878. 
£ 

86,757,401 
6,710,987 
26,l-i9,645 
1.3,385,646 
26,394,658 

1878. 
£ 
26,313,704 
6,178,853 
18,225,131 
13,296,253 
17,149,980 

1874. 
£ 
27,071,025 
3,-320,647 
19.397,919 
13,627,072 
16,653,918 

1875. 
£ 

28,600,789 
3,590,209 
26,222,114 
14,026,626 
18,712,808 

11,477,943 

12,423,352 

10,773,293 

15,384,227 

22,826,068 

598.  Id. 
9>4d. 

23,318,007 

60s.  id. 
8Xd. 

22,478,318 

3  p.  c. 

92%. 

608.  5d. 

8Xd, 

28,608,672 

2X  p.  c. 

94X. 

478.  5<1. 

7  l-16d. 

U.  3d. 
47,653,000 

Is.  IKd. 
96,013.000 

Is.  OVd. 
89,556,000 

lid. 
83,523,000 

Brussels 

Turin,  Florence 

Rome 

Bremen 

Leipzig 

Qenoa.s 

Geneva 

New  York 

Calcutta 

Copenhagen 


Bank     Open 
rate,  market 
per  cent,  per  cent 
3         2X®3 


and 


Bank  Open      I 

rate,  market.  | 

per  cent,  per  cent.  | 

ParU 4        3  I 

Amsterdam %%     m      l 

Bambnrg.. 4>^ 

Berlin 5       iH&fi  \ 

Frankfort 4        4Ji       | 

yiennaand  Trieste..,.       4>^     4}i 
Madrid,  Cadiz  and  Bar- 
celona         6         6®8 

jtsbon  and  Oporto 4        3jtf 

St.  Petersbnrs B^     ei®iH 

There  is  no  demand  for  gold  for  export,  and  as  there  have  again 

been  liberal  importations,  a  considerable  supply  has   been  sent 

into  the  Bank.    Silver  is  momentarily  scarce,  and  58d.  has  been 

obtained  for  parcels  on  the  spot,    A  large  quantity  has  been  ship- 

«d.to  India  daring  the  present  week. 


5 
6 

'sii 

6 


4>tf 
4X1 

3X®4X 
6ii 


Another  of  the  banks  which  has  buffered  from  the  failure  of 
Messrs.  Collie  has  issued  its  report.  It  is  the  London  and  County 
Bank,  and  the  memorandum  issued  states  that  the  directors  have 
decided  to  pay  an  interim  dividend  for  the  half  year  ended  30  June 
last  after  the  rate  of  16  per  cent  per  annum,  and  to  carry  forward 
a  balance  of  £82,762  17g.  8d.,  which,  with  £75,000  taken  from  the 
reserve  fund,  will  be  retained  to  meet  an  exceptional  loss  arising 
from  the  recent  failure  of  Alexander  Collie  &  Co.,  whose  drafts 
upon  various  firms,  amounting  to  £213,398  17s.,  held  by  the  bank, 
have  not  been  or  will  not  be  paid  at  maturity  or  in  full.  The 
reserve  fund  on  the  30th  June,  after  the  above  deduction  of 
£75,000,  stood  at  £036,895.  At  the  corresponding  period  of  last 
year  the  dividend  was  at  the  rate  of  20  per  cent  per  annum,  and 
£29,279  was  carried  forward. 

In  the  stock  markets  during  the  week,  the  chief  feature  has 
consisted  in  a  demand  for  English  railway  securities,  most  of 
which  have  experienced  a  decided  improvement  in  value.  The 
traffic  receipts  continue  favorable,  and  now  that  an  impetus  has 
been  given  to  the  holiday  movedients  by  the  return  of  settled 
weather,  it  is  expected  that  future  traffic  statements  will  exhibit 
satisfactory  results.  United  States,  Bussian,  Hungarian  and  French 
Government  securities  have  been  firm  ;  and  Canadian  railroad 
bonds  have  attracted  conuiderable  attention.  United  States 
descriptions  were  rather  shaken  on  the  failure  of  Messrs.  Duncan, 
Sherman    &   Co.;  but   a   recovery  has   since   taken  place. 

The  weather  having  vastly  improved,  some  desire  is  now  shown 
to  sell  wheat,  and  as  buyers  bave  of  late  made  large  purchases 
the  trade  is  in  a  depressed  state.  A  reduction  of  28.  to  3s.  per 
quarter  from  the  late  highest  point  must  be  quoted.  The  market 
will,  no  doubt,  assume  a  more  settled  aspect  in  a  few  days.  If  the 
weather  remains  fine  harvest- work  will  be  commenced  in  about 
ten  days.  At  this  period  last  year,  a  large  quantity  of  wheat  had 
been  cut  and  carted. 

The  following  figures  show  the  imports  and  exports  of  cereal 
produce  into  and  from  the  United  Kingdom  since  harvest,  viz., 
from  September  1  to  the  close  of  last  week,  compared  with  the 
corresponding  period  in  the  three  previous  years  : 

ntPOBTS. 

1874-5.  1873-4.  1872-3.  1871-2. 

Wheal cwt.  37.461,778  88,591,105  40,926.500  35,402,897 

Barley 12,362,388  8,222,874  12,587,877  11,477,219 

Oats 9,518,823  9,709,0.33  11,074,541  9,852,518 

Peas 1.745,607  1,308,974  1,342,002  993,132 

Beans 2,678,656  3,434,674  2,348,999  3,088,328 

IndianCom 14,841,933  16,165,178  19,173,306  lS,lo7,007 

Flour. 6,983,878  6,038,434  6,123,744  3,009,448 

IXFOBTS. 

Wheat CWl.       20.5,967  2,320,250  642,5(2  2,199,271 

Barley 187,134  2-33.473  21,283  16,.J01 

Oats 77,691.  12-?,335  20,526  106,355 

Peas 18,588  11,306  7,458  9,946 

Beans - 3,Sn  8,513  2,533  3,060 

Indian  Corn 46,4M  137,814  46,047  28,987 

Flour 56,1TO  228,783  31,681  81,765 

The  report  of  the  Select  Committee  of  the  House  of  Commons 
upon  foreign  loans  was  laid  upon  the  table  of  the  House  on 
Thursday  evening.  It  is  a  lengthy  document  and  will  be  read 
with  interest  by  all  those  who  are  interested  in  money  matters  or 
have  money  to  lend.  The  details  respecting  each  loan  which  has 
formed  the  subject  of  inquiry  appear  to  be  very  complete,  and  the 
Committee  think  that  the  public  will  learn  much  from  their 
perusal.  It  is  to  be  hoped  that  the  public  will  not  in  future 
expect  ten  and  twelve  per  cent  for  their  money,  and  undoubted 
security  at  the  same  time.  It  they  do,  they  must  run  the  risk  of 
sacrificing  their  capital.     The  report  concludes  : 

"  In  conclusion,  your  Committee  feel  bound  to  express  their 
conviction  that  the  best  security  against  the  recurrence  of  such 
evils  as  they  have  above  described  wHl  be  found  not  so  much  in 
legislative  enactments  as  in  the  enlightenment  of  the  public  as  to 
their  real  nature  and  origin.  Your  committee  hope  that  the 
history  of  the  foreign  loans  embodied  in  this  report  will  tend  to 
enlighten  the  public,  and  to  render  it  more  difficult  for  unscrupu- 
lous persons  to  carry  out  schemes  such  as  those  which.in  the  cases 
on  which  it  has  been  the  duty  of  your  committee  to  report,  have 
ended  in  so  much  discredit  and  disaster." 

Messrs.  J.  S.  Morgan  &  Co.  announce  that  they  are  prepared  to 
receive  subscriptions  to  an  issue  of  £133,000  in  six  per  cent  bonds 
of  St.  Louis  City  redeemable  in  1895.  The  price  of  issue  is  96^ 
per  cent,  or  £193  for  £200  bond.  The  bonds  are  to  bearer  for 
£200  or  $1,000  each,  with  interest  coupons  attached.  The  princi- 
pal of  the  bonds  will  be  repaid  in  1895,  at  par  in  sterling,  in 
London,  at  the  counting-house  of  Messrs.  J.  S.  Morgan  &  Co.,  or  in 
gold  in  New  York,  at  the  option  of  the  holders.  The  interest 
coupons  are  also  payable  at  the  option  of  the  holders,  either  in 
London  or  New  York.  Both  Interest  and  principal  of  the  bonds 
are  free  of  all  United  States  taxes.  The  bonds  are  issued  under 
authority  of  Acts  of  the  Legislature  approved  4th  March,  1870, 
and  30th  March,  1874,  and  of  an  Ordinance  of  the  City  of  St.  Louis, 
approved  32d  April,  1875. 


Anguft  14, 1875  ] 


THE  CHRONICLB. 


151 


The  (ollowing  retam  from  Mesdm  Pixley  <&  Alwll's  half  /early 

ciroalar,  sfaowt  the  imports  aud  I'xporta  of  gold  aad  silver  into  and 

from  LondoQ,  dnilDgtha  firat  eii  aontba  of  tha  present  and  of 

laat  year : 

lapoBiA 

1874.  IKS. 

Odd «i«,s!n,7i8  msM,-na 

surar 4,9n,aM  T.(Ma.«a) 

Total £tT,9U,M0  £I<.981,9W 

•  KXPoaK 

Odd £7,U1.4SS  £8,C«).IM0 

SU»r...  4,1Ba,BM  T.tSS,6ti 

Toud £1I,415,0M  £15,T»7,5« 

BaalUk  namei  Kep«rW— Par  Oakl*. 

Thadailyeloaln^qaotstionaia the awrkeuol London  and  LItvt- 
pool  lor  tha  paat  week  have  be«n  reported  by  cable,  aa  shown  in 
the  followinif  aummary : 

Lamdon  Montj/  and  Stock  Mirktt. — The  Bank  rate  has  been 
redaeed  to  2  per  cant  from  2i  p«!r  caaL 

The  bullion  in  tBe  Bank  of  En|)«ad  baa  Increased  £329,000 

dnriaf  the  week. 

Bat         Mod.     TaM.     Wed  Thar.        FrL 

OMselsroraoaaj y  j         M  S-18   M  S-lt    M  T-lt    M  IS-M    H  1-H 

'*     aeeoBct. 9S        m  vii  M%        MM        •«  Ifr-u   16  «-ie 

o.8.ia(s-taB,)ia(>,  oid.-g&     mn     mn     ivrw      wtm     mx 
»      ..       u„_ .5      ,ag^     ju^     ijig       ^^      ^^ 

o.8.tMta Is      !«),     MM     WH      mx     m 

■•w  6a...._ H«        VMM      MX       IMx         IMM       Vmi 

rti  qa>>t«doas  lor  Uaiifl  8t«lM  Os  {\W%)  at  Frankfort 
wera: 

D.B.«a»«B)IMt 

LitttfMl  OttUm  JfsrM.— See  tpaalal  report  of  cotton. 

Li—rpooi  BrtadMufi    Market.— Tht   market    ior    breadstaffs 

closes  doll  and  lower. 

aai.  Moa.  TsM.  Wad.  Tkar.  Frl. 

_                                          a  d.  •.   d.  lb  4.  s.  d.  •.  d.  a  d. 

ria«r(WMi«ni) «bbl  M«  ».    •  Ml  H«  WO  MO 

Wheat  (Bad  Wa.tpD.Vetl  to   1  10   •  :0  •  10   t  10    •  10   a 

.BadWlaur)....    "      It    4  It    t 

ipaLWklU  ctab)  •*    tl    6  !1    t  no  It    0  119  It    a 

■laad)  f  qaartar  •«    •  31    ■  MO  HO  ISO  «4« 

-""'  .••aartsr«4   0  41   •  MO  44   0  41   n  4I   0 

UmrfMt  ProsMsiM  Marhtt.  Bmob  and  lard  are  higher. 
whila  ebaaaa  is  Is.  lower. 

sat.  Mia.     TaM.  Wed.  TVar.  Ph. 

%.  i.  •.   4.      •.  4.  (.   d.  *.  t.  *.  d. 

•esr(aaast  news  tee MO  USMO  BO  MO  MO 

m(k(aasa)a«wfbbl...       MO  nJfMO  MO  HO  MO 

■MaalleaCd.iBld.)9cwt   Ht  uiuo  MO  MS  MO 

Urt  (iiMrkaa)  ...    ••       at   4  n  •     M  0  tl   t  HO  HI 

ObMaatAaar-a  daat    ■■        Mu  :«tHO  MO  Uo  HO 

Umtrpttt  Prodtut  Marktt. —TtXiaw  aad  teMOMM  toaiM  hara 
•dTsaead  during  the  week. 

sat.  Moa.  Tbm.  Wad.  Tk«>.  frt. 

a  d.  •.  d.  a.  d.  a.  d.  t.  d.  (.  d. 

■oeiB(eoMaoa)...  fcwt..   10  s«  tl  it  tl  It 

**     (ta«> ••       U   0  1!)   I  U   0  18   0  It   t  U   0 

P«tr(it«a.«rMla«l)....«|aI       t  I  I  t  I  I 

_      ••         (•pIllUl "^         I  §  I  I  I  I 

T»l\omUmmim^...9  ewt4ll4l|  III  Ml  Ml  411 

Oh>T«nMd(Aa.r«d)..  "«To  ri  ro  ni  ni  no 
•p«fH»  tanaatlas "Hi     til     Ml      Ml      Ml      Ht 

Lond^  FntuM  m»d  OU  JfirAHi.— Uawad,  linaaed  oil  aad 
sugar  ara  Ughar  thaa  oa  last  Friday. 

•at.  Moo        TaM.       Wad.      Tbar.        m. 

,.     ,,   ,^      ^.  «   •  d.  «   iL  d    «  «.  d.     «  *.  d.   «   •.  d.  <  a  d. 

Uu'dc-katobOVttM  tl  lUtSOMtllWUIMItlMMI 
UaaaadjCaleatia)....  si  I  tl  4  HI  II  I  11  I  U  I 
•uarfNo.UD'ebstd) 

aaipo4,«ewt Ml        S40MI        Ml        Ml        Ml 

•"OTaett Slaa.M  IIMOoHIIHIIMOOMOl 

Whalaoll "MIIM00MIIMIIt400MII 

UaMadaU....VewU      Ml        144       Ml        Ml        Mt        Ml 


Commercial  an5  iUisceUaiuous  ISitxoe. 


Imronn  aitd  Bicfomti  for  tmm  Wbsk.— The  loporu  thta 
••ak  show  •  dsorasn  ia  both  dry  goods  and  veneral  icer- 
ihaadlsa.  Tha  total  Imports  antoant  to  f4,7>«0,293  this  week, 
sfalaM|9j8n,7W  last  weak,  aol  |7/)0U'S11  the  prorioaa  week. 
Tka  atporta  ara  VkMTjKl  ttil<  week.  airaio«t  $4.335;S8a  last 
waakaad  IS.TOSJM  the  previous  week.  Tlie  mporuof  aottoa, 
Uta  MM  weak  wera  Ml  bales,  agaiaat  1.4S3  bales  last  week. 
The  ioilowingaretbe  Imports  at  New  Tork  lor  wevk  ending  (for 
dry  goods)  Aug.  5,  and   lor  the  week  eoding  (lor  general  mar 


5'T 


itn. 

<a.tM,4a« 
4.iia.t»« 


•MI4^HI 

<mM4 


1*74. 

tt.ITO.9M 

4,0S8.1« 


urn, 

1.M1.1 
iiM,im 


jrj7\M0        HmMI         tt.Oim.mt        H.TM.tM 
HlbWt.lJ>l      MChMH       MSJB.no       mB,tM.M0 


_    Tstal  rof  taa  weskA 
Aavtoaslf  rsperted.... 

■lacsJsa.1 tir.liI,*T«     tWMMOl      IBMH.4H    tllI.Ha3» 

laoarrsportolthedry  g<KKl«-.radewllI  be  iooad  tbeimportaof 
dry  gooda lor  one  weak  later. 

Tha  lollowioK  li  aautaraeot  of  the  exports(exclnslTe  ol  spmsie) 
nvMtlia  portof  New  York  to  (oreiga  ports.for  lbs  week  ending 
AagwHlO:  -    i~      .  ■ 


BzroBTs  raoa  Maw  tore  tob  tbb  wbbk. 
1873.  1874. 

$S,»76,814  tS,.H£I.353 

ie8.«93,iao         17i,'.6i,<m 


1879. 

Fortheweek ts,*78,a4t 

PreTioBsl;  reported. .  .      1:18^,199 


18TS. 
148,977,993 


Since  Jan.  1 1133,608,871     »174.i«8.a5«     |181,1U.373     f  153,495,66  0 

Tberollowin(r  will  gUow  the  exports  ot  specie  from  the  pori  ot 

New  Tork  for  the    week  ending  Aag.  7,   1875,  and  aiuce   llie 

beginning  of  the  year,  with  a  eompariaon  lor  the  corresponding 

date  in  i>r«vioas  Tears ; 

Aog.  4— Str.  KoMiii LiTcrpooI SilTerban 133.000 

....   .    ....  „ --_.. —  .,.,_„  "g^,^, 

4.683 

67,195 

9,175 

9,880 

300,000 

145,000 

64.589 

2SO.000 

11,U0J 

100,001) 

100,000 


Aas-  5— Str.  Pommennia Hambure. t>llrer. 

Oold    

Psrls Silver 

KoreljEB  coId    

LftDdon F»rt-len  coin 

AroeiTcan  gold  coin 

Silver  bar* 

Anj;.  7— Sir.  Brittaonlc Urerpool »tilverbar« 

Amcrlcu  gold 

.Aog.  7— Str.City  of  Brooklyn.. .Liverpool Silver  bus 

An«.  7— iiir.  Kbein Psrls American  gold 

London Amerlcangold   

Total  for  the  week fl, 123.818 

Prarlonslj  reported 58,113,799 


Total  since  Jsnoary  1, 1875 $59.S»7MT 

dams  time  m—  I    Same  time  In — 

1874  »«T,«I8.«M  1 18M $13,486848 

1811 l8,»il,«S5  I  im 69,584,680 

IFIt a6JBS,9M|lM7 88,674.716 

1871 H.tn.tll|18M Sl.KT.Mi 

18T0. to.n&.isil 

The  Imports  of  tpeeie  at  this  port  daring  tha  past  week  have 
haanaalollnwa: 

Aa«.  t— 8(r.  Ruts KlsfStoa Oold  coin <3,':43 

Aoc.  4— DsrkRoeksl Porto Csbcllo  ....Gold  coin laii 

Aac.  4— Sir.  Oolnmbns Bsvsna   Onld  coin 193U0 

Aa(.  l-fllr.  Cllyof  XewTericHavaaa Slltercoln t',a8t 

Uold  coin    96,500 

Aag.  I— Bark  X.  AntonU BaTana Oold  coin sisoo 

Aa«.  7— tklir.  ImpalM  BalUe SUvercoln 800 

Total  for  tbe  week  

PrerloaalT  renorted 


111,088 
7i»TS,071 


Total  •loaf /SB.  1  ISIS. t8<031>)n 


Same  tta*  In— 

1S74 

I*n 

1971 

lUl 


..i9Mjn 

..  1^1t7.Ht 
..   ;.4«4,44l 


Same  time  In— 

WW $7,405,375 

1*» 1,815,300 

1MB 4,694.114 

1867 1,743,560 


.National  Trbasurt. — The  following  forms  present  a  sam- 
oiarr  ol  certain  weekly  Iraotaetions  at  the  National  Treasury. 

1.— Securities  hrld  by  the  (J.  8.  Treasurer  in  trust  lor  National 
Banaaand  balanc<  in  theTraaaury: 

Coin  eer- 

W««k  Por         PorU.  8.  .-Bal.  In  Treasnry ,    tllcstes 

aadlnr  Otrealaltoa.  Dsooeits.      Talal.  OoIb.      CnrrencT.  onut'd'c. 

JaljM..  a74,7M,HI    iani.aH    m,S4l,IH   M,9M.t87      1,180.768     99,618,800 

jaiT  11.  nt.M4.aH  it,7M.m  aH,«u,aM       WTT 

kat-  1--  a74.»7,8e9     I8,:tt.l00    aU,79«,0H    71.Ma.419      9.7n,8lt    92,657,900 

3. — National  bank  currency  in  circulation ;  Iractional  currency 

raealTad  Irom  the  Currency  Bureau  by  V.  8.  Treasurer,  and  dis- 

trlbntad  waeklr  ;  also  the  amount  of  legal  tenders  distributed: 

Week  ifotsstB  .—Fractional  Currency ,  Leg.  Ten 

sadlns  Otrealstlon.    Received.   DistrlbnUd.  DIsuib'd 

'-----  r      ■  AHA  Ann 


Jaly  M 88a7«4.4M 

Jalyai MI.HI,t4> 

Aa«7 l4t.l97.tH 


3,060,000 
1,639,361 
t,861.»M 


— Mr.  W.  Bavard  Catting  la  now  offering  one  hundred  thouoand 
dollara  of  the  Water  Loan  Bonds  of  the  Town  of  Lake,  Cook 
Coanty,  llllnoia.  The  town  ot  Lake  adjoins  Chicago  on  the  South 
at  30th  atiaet  aad  oontains  the  stock  yards  and  cattle  market  ol 
the  Qly.  Thane  booda  were  iMued  in  conj unction  with  a  similar 
loan  ol  the  vtllsge  of  Ilyde  Park  for  the  coastructioo  of  a  coiiiiiioa 
aystem  ol  wtter  workit :  they  bear  tntereat  at  7  per  cent  per  aanum, 
payable  in  January  and  July  at  the  American  Exchange  National 
Bank  in  New  York.  Theaasassad  Taluaiioo  of  real  esute  in  the 
town  Is  $13,000,000.  real  Tsloation  about  f45,000/)00,  and  the 
toul  indsUednan  |.'>00,000. 

—We  aotlee  that  Mr.  Willtam  L.  Montague,  late  of  Hazard  & 
Montague,  and  Mr.  P.  Fleary  Mottelay,  late  with  Howland  te 
Aspinwall,  have  formed  a  eopartners'ilp  under  the  firm-name  of 
Moatagae  ft  Mottelay.  Tbe  new  firm  propose  to  do  a  commission 
boalnass  In  stocks,  bonds  aad  gold,  and  will  alao  make  a  specialty 
of  dealing  In  stock  privilegea  on  members  ol  the  New  York  8tock 
Exchange  or  other  responsible  parties.  They  have  taken  the 
sp«u:ious  offlon  00  Broadway  and  19  New  street. 

-^Jh^Toledo  k  Wabash  equipment  bondholders  are  requested 
to  confer  immediately  with  tbe  committee  appointed  to  protaot 
their  Intereaia,  ol  which  B.  F.  Ham,  33  Naasau  street,  la  the 
chairman. 


IkHim  AND  FINANCIAL. 

RAILBOAD  BOMM.— Wbsthar  yoa  wish  to  BTTT  or  SBI.f..  write  to 

HABSLRS  *  CO.,  Mo.  7  WsD  street.  N.  T. 

STOCKS 
Dealt  la  at  the  Mew  Tork  Stock  RzrJiange  boogfat  tod  told  by  na  on  msrgtn  of 
IvsperMat  PRiVILBOBS 

IfsBOtlaltd  at  one  to  two  par  cent  from  market  on  aembers  of  tbe  New  Tork 
■sctsaae  or  rssponsible  panlsa.  Large  sums  have  been  realised  the  post  80 
daya.    Pat  or  call  cmU  on  IH  abarss 

_       $1M  M 
Strsddles  $H0  esch.  control  MO  •hare*  of  ttoek  for  30  diys  wlihnnt  rnrther 
ri»k,  while  Bisay  tbotmsnd  dollars  profit  mtr  be  giiincd     Advlru  attd  Informa- 
tion fiuBiabad.    Psaphlet,  conUla'Bg  vsluable  lUtUiUcsl  Information  and 
•bowing  bow  Wall  (Irrnt  opefatlons  are  condncted  sent 

FRKB 
To  any  sddrsss.   Orders  sollalted  by  mall  or  wire  and  promptly  czecnted  by 

Adflrsaa,  TCVBRISaK  *  CO.,  Bankers  and  Brokers 

Ho.  t  Wall  street  N, 


162 


THE   CHRONICLE 


[August    4,  1    5. 


road  enrningB  eeems  to  be  pood,  and  the  advance  in  rateB  lo-day 
on  leading  truuk  lines  to  tbe  West  is  one  8lep  in  tbe  dirrction  of 
securinfj;  a  more  reasonablti  compeDsation  for  tbe  tranHpurtaiion 
of  freijjht. 

For  tbe  purpose  of  pbowing  tbe  total   transactioDS  of  the  week 
in  the  leadiuff  stocks,  we  have  compiled  tbe  table  following  ; 

WeBt'n  Cblc.  &  Union    Ohio  & 

Union.  N'weet.  Erie.  Paclllc.  Miss.  Wab. 
II, MO  S.liOO 
14.U00 
S.900 
9,300 
29,1100 
2S,000 


Aug. 


7., 
». 

10.. 

II.. 

IS 

13. 


Paclllc 
Mail. 
.  11.900 
.  4,800 
.  1.400 
.  6,100 
.  8,1100 
.    4,600 


Lake 

Sbore. 

14,600 

6,600 

I.IUU 

6,900 

6,300 

16,500 


70() 
1.600 

2,;)oo 

2,(iiiO 
11,000 


600 
400 
2,  SOD 
1.100 
1,400 
1,2U0 


1,600 
1,200 
2.000 
900 
1.600 
1,200 


6,800 
6,600 
1.400 
2,500 
900 
8,800 


400 
POO 
1,000 
200 
100 


Total 49.700      52,000      9-2,300    50,800      7.500      8,500      22,000      2  800 

Whole  stock.   ..200.000    494,665    337,856  149,980  780,C00  867,460    200,000  150,000 

Tbe  last  line  in-tbe  preceding  table  shows  tbe  total  number  of 
shares  of  each  of  the  stocks,  now  outstanding,  so  that  it  may  be 
seen  at  a  glance  what  proportion  of  the  whole  stock  has  been 
turned  over  In  tbe  week. 

The  daily  highest  and  lowest  prices  have  been  as  follows : 


a.r.Cen.AU.K. 

Harlem 

Brie 

Lake  Shore — 

Wabaah 

Northwest 

do  pref. 
Kock  Island ... 

St.  Paul 

do       prel 

at.*  Pacpref. 
Ohio  A  MiBS.. 
Centra)  o:  N.J. 
Del.,  L.&  Weal 
Ban.  &  St.  Jos. 
Union  Pacific. . 
Uol.Cljlc.*l.C. 

Panama 

West.  I'n.  Tel. 
At  &  Pac.  Tel. 

Quicksilver 

do  pref. 
Pacific  Hall.... 
Adams Kxp  ... 
American  Ex.. 
littl ted  States.. 
Welle,  Fargo.. 


Saturday. 

AUK.  7. 
-.0351  ;osx 
1:<I     134 

14X    14K 

•6        6 
41       41X 

■54  H  5S\ 
1U5J,  lOSX 
86  36^ 
59       59 


Monday, 
Aug.  9. 
101     :oiK 
184      134 
14X    UH 

60     eun 
e!4    na 

41X    42 
51>k    55 

105X  IWX 
3»>,    86H 

•69X    6U 


\SH    19X 

1»H    litS 

•l(»v  no 

•iWM  no 

•rAi5»  laOH 

•119X  120 

aj,   .'Sii 

2.)       iiH 

7i'4  ri>i 

71H    72X 

•4        5 

4S     4H 

•130X.... 

•123H  18; 

81       »iii 

Six    82X 

•i:H   19 

•18       18V 

•isx  mx 

•16K    ... 

•21 H    2iH 

•21 

88>4    39X 

3=X   39X 

•liC       .... 

•10'.      103 

58       53 

•57       58 

•42       44H 

•42       44 

•Is       SO 

•77       fO 

Tuesday. 
Aug.  111. 
IiiiX  lOiX 
•133X  1S1>4 
14X  IS 
40!,  60X 
6X     6S 

tin  *•■% 

55       55 

1U3V  I"5X 
a«J<  36X 
60       6U 

HH    '■9% 

•xma  :io 

•119M  120k 
22^   21 
71  >*    72  V 
4H     4S 
"...  ISO 
81 H  8;k 
ISX    19 
•15X    16X 
•21X    23X 
S8J(    3SX 
■lOIM  103 
•....    53 
42X   42X 
•77       81 


Wednesday, 
Aug.  11. 
-.01     104 

•....IMX" 
UK  i43f 


59X 

w^ 

6X 

«« 

4l!4 

41H 

64  « 

54K 

10.iX  105H 

36  . 

ooH 

59X 

69* 

U 

IftH 

18  X 

IDX 

•109*  1:0 

■■20 

120 

"ii 

21IW 

:ix 

71V 

■4X 

•13(1 

81 

BIX 

19« 

19V 

•15 

16H 

::1H 

•an 

!«)« 

sunt 

•1(1 

y>% 

57J(! 

an 

42 

•76 

V9V 

Thursday, 
Aug.  12. 

101  .til 
183     134V 

14V    I^ 
59V    WX 
«X     ►)< 
41X   41V 
54K    64  V 

105X  lOSX 
31IH    36H 

•5S«  59V 
nv  l2k 
13V    19X 

IOjX    .   .. 

119  ><  120 
2-.X  2; 
72       73« 
4V     4V 

13!      131 
81X    82V 
20       20X 
16       16 

•20 
88X    S9X 

102  103 
•67       58 
•Ulii    .... 
•75       79 


Friday, 

Aug.  13. 

1WS<  lOlX 

133)i  131 H 

14K    15 

i'H    61 X 

6'A      6X 

4iH  *'H 

55       55V 

105V  106V 

36  V    37  S» 

IjlJ        60  •4 

13       I.SX 

19«    1H% 

iiox  ntix 

120k:  120V 

21 H  23 

7ai  73X 
•*H     5 

■1311  .  .. 

ti3  83V 

Wa  20M 

•15  16)1 

39"    'sii% 
'lUlV  103 

68       58 
•41 

79       79 


•This  la  tbe  price  bid  and  askei  :  no  tale  was  made  at  the  Board . 
The  entire  range  from  Jan.  1, 1874,  to  this  date,  was  as  follows: 
,  1875,  to  date ,,. — ^Whole  year  1874. . 


. Jan.  1, 

Lowest. 
N.  T.  Cen.  *Uud.  K...100  May 
Harlem 1?7X  Jan- 
Brie 12iiiJune: 

Lake  Sbore 57     June 

Wabash ••     4Ji  June 

Northwest 35\  June 

do         pref 47>4  June 

Rock  Island lOOx  May  : 

81.  Paul  28><  June 

do       pref ..    51     Mch. 

Atlantic  &  Pacific  pref.  1 1  Aug. 
Ohio  &  MissisBippl....  18)if  Aug. 
Central  of  New  Jersey.  1D5}<  Jan. 
Del.,  Lack,  i  Western. IDBX  Jan. 

Hannibal  &  St.  Jo 1854  Jan. 

Union  Pacific  36     Jan. 

Col.,  Chic.  *  L  C 3     June 

Panama  .   .        110^  Jan. 

Western  Union  Tel 70J4  Feb. 

Atlantic  &  Pacific  Tel..  !8     July 

Qalcksilver    13     May 

do         pref 20     July 

PaciflcMail 30%  Feb. 

Adams Bxpress 98     Jan. 

American  Express 50     June 

United  States  Express.  41^  Aug. 
Wells,  Fargo  &  Co 75     June 


Highest 

28 

107 Ji  May 

8 

12 

138     Apr. 

27 

21 

35XMch. 

29 

1 

80X  Jan. 

2 

an 

21  Ji  Jan. 

2 

:a 

48«  Jan. 

4 

12 

62 Ji  .Ian. 

2 

28 

10B%  Mch. 

27 

12 

40X  Apr. 

9 

I 

61  Ji  July 

20 

I! 

18     Apr. 

3(1 

2 

.32Ji  Jan. 

2 

r 

12.1     Apr. 

27 

2 

123     Apr. 

27 

22 

30H  Mch. 

29 

18 

7SX  June 

1 

18 

9%  Jan. 

14 

21 

172     Apr. 

26 

17 

84X  July 

29 

14 

29X  Jan. 

16 

14 

35     Jan. 

6 

16 

44     Jan. 

7 

10 

45%  Apr. 

a 

2 

lOiJi  Mch 

23 

25 

65     Jan. 

15 

11 

65     Jan . 

11 

71  92>i  Apr.  : 


Lowest. 
95%  May  19 
18X  Jan.  7 
26  Dec.  10 
67%  June  19 
18%  Dec.  29 
34%  July  15 
61  Sept.  10 
n)i  June  19 
.31^  May  18 
4g  May  5 
lOJfScpt.  3 
21%  June  17 

98  Jan.    3 

99  Jan.  2 
22JtfSept.  7 
23     June  17 

8  Sept.  3 
101  Apr.  20 
68  Apr.  24 
14  Aug.  25 
22%  Apr.  28 
29  June  29 
33X  Dec.  21 
92%  Jan.  IS 
58%  Jan.  2 
60  Sept.  28 
69%  Jan.     5 


Highest. 

105%  Mch.  11 

134 H  Feb.  lb 
51%  Jan.  15 
84%  Jan.  16 
653<  Jan.  16 
62  ¥  Jan.  9 
78X  Fob.    9 

109%  Feb.  9 
49%  Jan.  10 
74%  Feb.  V 
22  Feb.  16 
,36     Jan.    10 

109%  Feb.  10 

112%  Feb.  10 
34%  Jan.  12 
38^  Mch.  30 
.32%  Mch.  30 

118  Jan.  9 
83%  »ec.  10 
20  Nov  7 
36%  Nov.  24 
48  Nov.  27 
51%  Sept.  SO 

120  Nov.  18 
65%  Dec.  1 
73  Feb.  9 
84     Nov.  30 


PorelKn  Kxchange.—Exchanjfe  was  firmly  held  on  a  smal 
supply  of  bills  until  Thursday,  when  the  Syndicate  bankers 
again  appeared  as  drawers,  and.  short  sight'  sterling  became 
easier.  On  the  same  day,  however,  the  Bank  of  England  reduced 
its  discount  rate  to  2  per  cent,  and  60  days'  sterling  was  advanced 
here  i  y>oint  to  equalize  quotationg.  On  Wednesday  some  coin 
was  shipped,  but  that  wbicli  had  been  engaged  for  Thursday  was 
in  large  part  withdrawn,  and  only  $250,000  sent  out.  Tbe  market 
lit  the  present  moment  bangs  chiefly  on  tbe  operations  of  the 
Syndicate  bankers,  as  no  considerable  sujiply  of  bills  is  looked  for 
just  now  from  any  other  source.  Quotations  to  day  were  reduced 
i  point  on  both  long  and  ehort  sterling  ;  on  actual  business  the 
rates  were  about  4.87  for  60  days'  sterling  and  4.89J  for  demand. 
Quotations  are  as  follows  : 

, Aug.  18. . 

sadays.  8  days. 

Prlmebankers'sterllngbllls 4.87  ^4.67%  4.89!4a4.90 

London  good  bankers' do 4.86%a4.87  4.89    ©4.89% 

London  prime  com.  ster  do 4.86    ©4.86%  4.88%a4.89 

Parie^franc8) 6.16%a5.16%  5.18%(a8.12% 

Antwerp  (franca) S.16%i85  15%  5.13%®5.1!% 

Swiss  (francs) 6.16%ia5.15%  5.ia3iiaS.12H 

Amsterdam  (guilders) 40%®    40%  41%<l    41% 

Hamburg  (reichniarks) 95%®    95%  96%a    »6% 

Frankfort  (reichmarks) 95%ia    9.5%  96%^    96)i 

Bremen,  (reichmarks) 95%@    96%  96%®  4(6% 

I'russian  (reichmarks) 95%®    95%  96)5®    96% 

The  tDiusiiutious  tor  the  week  at  thelJusloio  House  and  Sub- 
Treasurv  have  been  as  follows: 

Uastom    . Snb-Treasnry. — > 

House     , Receipts. ,   ,— Payments. . 

Receipts.  Gold.          Catrency.           Gold.           Currency. 

Aug.    7 t4S6.000  t2,014,8''8  63   tl.S61,680  61      1309,238  40      $976,91191 

'       9 623.000  555,280  :«        616,065  68        376,214  51        7H2.791  88 

•'     10 488,000  494,7tO  99        891,786  04        219,467  94        695,183  75 

•     11 896,000  401,61197        739.866  80     8,180,4:i5  12     1,1.55.^74  89 

'      12 600,000  661766  11         760,6tiO  19         146,478  89        670,933  00 

"     13 291,000  403.440  18      1,574,018  08     1,144,744:16        807,284  99 


The  Gold  Market. — Gold  was  firm  in  the  early  part  of  tbe 
week,  but  easier  yesterday  and  today,  the  price  touching  1121 
this  morning  and  closing  at  113J.  "Tliere  was  $430,000  specie 
shipped  on  Wednesday,  but  subsequently  the  appearance  of 
more  bills  drawn  by  the  Syndicate  bankers  made  a  better 
supply  of  exchange.  Another  call  for  $10,000,000  fivetwentiesi, 
tbe  first  of  the  1S64  issue,  to  be  made  today,  indicates  a  rnpid 
sale  of  tbe  new  five  per  cents  abroad  by  the  Syndicate,  and  'bis 
movement,  togethw  with  tbe  approaching  export  season  for 
cotton  and  other  produce,  are  just  now  important  elements  to  .be 
cpnsidered  in  estimating  the  future  course  of  the  gold  premium. 
On  gold  loans  rates  to  day  were  1,  2,  3  and  6  per  cent  per  annum 
and  l-64(@l-32  per  diem  for  borrowing. 

At  tbe  Treasury  sale  of  $1,000,000  on  Thursday  the  total  bid  for 
was  $3,369,5Q0.  Customs  receipts  of  the  week  have  been 
$2,787,000. 

"The  following  table  will  show  the  coarse  of  gold  and 
operations  of  the  Gold  Exchange  Bank  each  day  of  the  past 
week  : 

. Qootallons. , 

Open-  Low-  High-  Clos- 
ing,    est.     est.    ing. 
.    7. ...113%  nan  113%  113% 
9....1i;)%  113%  113%  11.3% 

10  ...113)<  113%  114      114 

11  ...114.  113%  114%  114 
12. ...113%  113%  114   113% 
13  ...113%  112%  113%  113% 


Saturday 

Monday, 

Tuesday, 

Wednesday, 

Thursday, 

Friday, 


Ang 


Total      , Balances. , 

Clearings.      Gold.    Currency. 

$43,06'?.000  tl,467,r,72  $1,674,799 
14,435,000  945,683  1.078,423 
12,620,000  927,000  1,1S7,513 
26,29:3.000  1,196.D»9  1,437.176 
20,h50,000  874.400  1.003,893 
29,285,000        963,801     1,109,365 


t t 

1,802,190     2,088,566 


Current  week 113%  112%  114%  1133^  $146,551,000 

Pwvioas  week 112%  112%  114      113%     153,638.000 

Jan.  1.1875,  to  date...  112%  111%  117%  113%         

Tbe  following  are  the  quotations  in  gold  for  foreign  and  Ameri- 
can coin  : 

BovereUr.s (186   ®$4  90  Five  francs —  92   @  —  94 

Napoleons 3  88    ®    3  92  Tiancs —  18%@  —  19 

X  X  Reichmarks 4  77    ®    4  8J  Kngllsh  sliver 4  Su    (*    4  8i 

X  guilders 3  90   <a   4  20  l'ru,i8lan  paper  ihalera. .  —  .0%®  —  72 

fine  silve'  bars 122)4®    123  Prussian  silver  thalers..  —  70   @  — '.IX 

Flnegoldbars %dl«.8%p.m.  Trade  Dollars  —95   ®  —  96 

Plmes  and  baU  dimes., .  —  90  @  —  96 


Tot»l $2,787,000       4,531,237  23     5,843.027  40    6,876,639  21 

Balance,  Aug.  6 85,225,218  81    59,9361!110 

Balance.  Aug.  13 31,379,816  62  60,680,658  10 


5,098,480  42 


New  York  City  Banks. —The  following  statement  shows 
the  condition  of  tbe  Associated  Banks  of  New  York  City  for  the 
week  ending  at  tbe  commencement  of  business  on  August  6, 1875  : 

. ATXBAeS  AMOUNT  OF , 

Loans  and  Legal  Net  Clrculu- 

Bames.  Capital.   Discounts.  Specie.  Tenders.  Deposits  tlon. 

Mew  fork t3,UU0,0Wi  110,471.2(0  t2.3tlU,«0a  ll,U12,3l)C  110,227.5(10  (7.000 

Manhattan  Co 2,050.001  5,5»6.i00  H0,1U)  2,3n,l>00  4.936,'i00  »J0t 

Merchants' 3,000,000  9,45li,10O  l,6J4,9tO  8,871,600  lt,705,900  5llS,«0« 

Mechanics' 2,000,000  7,^6,500  27ll,6UO  1,119.100  5.lf8,900  426,300 

Union 1,500,000  4.55.'!,tHJ0  3li9,lU0  1.U9,S0U  3,681,400          

America 3,000,000  9,632.:0'J  lJ8(J.6i0  3.65C.600  9,590,600  l,2li0 

Phoenix 1,800,000  3,906,700  4S3ji0O  613,9(10  »,332,s«)  f.6«,700 

Ultv    1,000,000  6.634,-.(0  !iOl,SUO  2,443,000  5,784,200 

Tradesmen's 1,000.000  3,817,  00  82.a00  622.500  2,  6b,ti00  793.400 

Fulton 600,000  l,508,'0O  233,400  708,200  1,414,900 

Chemical  300,000  B.454.UJ)  606,700  l,8»7.6O0  7,603,310          

MerchantB'Exch'ge.  1,000.000  8,705,400  65,200  846.200  3,58i.2'.U  4:8.000 

Gallatin,  National..  1,500,000  S,!i28.S00  443,800  'ai.'M  2,1!'8,800  446.8t0 

Butchers'&Drovers'  800,000  2,211,000  38,000  498.0U0  1,631.000  1^2.500 

MechnnlcBiTraders  600,000.  l.S29,900  ZtfiOO  292,400  l,2»«,7tl0  192,700 

Greenwich 200,000  1,,W8.4U0          114.200  !,OS8.iO0  2,700 

Leather  Manuf 600,000  3,166,3(iO  471,800  567,400  •2,9l>8,900  2i7,1..0O 

Seventh  Ward 300,000  1,10?,300  82,100  335,300  1,111.500  147,100 

State  of  N.  York..  2,000,000  4,765,500  829,600  1,4-4.900  S.iSI.SOO  841.300 

American  Exch'ge.  5,000,000  12,585.(00  814,000  2.331,11)0  9,15S,7l«J  632.000 

Commerce 10,000,000  19,226,100  565,600  4,192,300  9.660,400  1.781.0(« 

Broadway 1,000,000  .%H9»,800  38,200  6.'9.iOC  3.Sl.l\600  896,000 

Mercantile  1,000.000  4,294,81'0  171,000  709,700  3,,SiiO,000  225,000 

Pacific 422.700  1,S76,^00  U',300  1.U(%,dCiO  2,18!',Ul)0          

Republic 2,000,000  5,366,700  792,(00  778,.00  4,W6,S00  824,500 

Chatham 450,000  J,0b3,s(XI  159,200  7<9,6U0  3,;93,2(0  264,100 

People's 412,500  1,3»1,8(«  410  251.200  1.190,500  6,500 

North  America 1.000,000  2.7.i3,liOO  58,100  375,000  2,S24,900          

Hanover    1.000,000  3.5:4.|I00  157.100  554.900  2,88;,J0ll  269,900 

[rvlng 5(0,000  2,291,000  80,000  645.000  2.«0.('00  136,400 

Metropolitan l,OC(l,eO0  12.11S,I00  419,a'0  3,051,000  10,212,100  286.000 

Citizens 600,000  1.66U.3U0  88,500  322,2UI  1,637.100  131.710 

Nassau 1,000,000  23)1,800  23,200  224,300  2,072,300  ii,9CU 

Market 1,000.000  2,73i.900  185>I0  417.21X)  1,791,100  2('S,4(/0 

3t.  Nicholas 1,000,000  2,169.f!00  68,600  811,500  1.097,800  694,700 

Shoe  and  Leather..  1.000,100  4,017,600  121,500  1,097,0(0  3.279.500  785,000 

Corn  Exchange 1,000,000  2.679,;0C  67.900  l,O44.0tO  2.O32.700  4. POO 

Continental 1.500,000  4,lSf.4O0  66,000  5;2,aiO  3,08.4(0  483.700 

Oriental 300,000  1,616.300  4.700  215,900  1,299,200  4,000 

Marine 400,000  2,396.500  1(4,900  486.600  2,£6i,60li  218,300 

Importers'*  Trad'rs  1,500.000  I5.i;7.<0C  446.500  4,751,300  17,485,100  485,900 

Pa^K  2,000.000  14.000,200  -601,500  5,643,000  18,841,100            

Mcch.  Ilank'gAsso.        500,000  1.129,000  24,400  316.900  1,017.700  296,600 

Grocers' 300.000  IlO.-Jlfl  9,100  V'SfitX)  675,iO0          

North  Klver '.,liOO,000  954.900  17,900  197,400  81.6.000          

East  River 350,000  1,071.200  16,500  180.900  7iri.000  1B7,HI0 

Manufacl'rs'ft  Mer.  800.000  69;.S00  1.0O0  146,300  613.'.(C            

Fourth  National....  5,OO0,00(  18,;65,S(10  418,400  5.567,900  16,732.400  2.106,210 

Central  National...  2,000,000  7,168.000  25,000  1,413.000  6,0-6.000  1,312,000 

Second  National....  300,000  1,991.000          488,000  l.-.94,IOll  135,(10. 

Ninth  National.   ..  l,500,CCt  6,7-.;6,f.00  186.000  l,6<i7,;-0('  6,657,100  -427.90O 

First  National 50C,fcOJ  6.04S.4U0  *;7,300  l,3i;.500  -1.502.500  45,001> 

Third  National 1,000,000  3,576,;fO  488,800  4,326.800  7,U7i,000  49,400 

N.T.Natlons)  Rxch.  SOO.OOO  1,131, '.00  8,400  ZM.WO  1,043,600  269.900 

Tenth  National 1,000,000  2.247,900  43,600  516J00  1,32,000  860,81-0 

Bowery  National...  250,C(  (  1,201.700  2,800  2.-.2.00d  976.400  2a.000 

New  VoikCo.  Nat.  200,000  l.-2.5,5,U0O  ....  319,(10  I,102,00(i  180,000 

German  American.  1,000,000  3,i8S..'«0  258.800  I,4ic,500  4,i53,i«)         

OryGoods 1,000.000  2,174,800  7,500  315,400  1,73;,500          

Total 13,1.035,200  $280,434,300  (ir334,40u  173,601,300  #25l.462.a0  $18,521,800 

The  deviations  from  the  returns  of  the  previous  week  are  a* 
follows ; 

Loans Inc..  $1,526.6(10  I  Set  Deposits.  Inc.    $396,7oJ 

Specie Inn.       597.'20li   Circulation Uec,       54.30" 

I,egalTenders ...Dec.     1.932.700 

The  following  are  tbe  totals  for  a  series  of  weeks  past : 

Legal  Clrcu-  Aggregaia 

Loans.  Specie.  lenders.  Deposits.  larlon.  Clearings. 

Mavis...  285,216.900  10.364.500  59.356  330  23;.921.30ll  2i'..S63.8lW  •I47.921.S94 

May -22....  283,600.8011  1(1,634,600  61,02i,000  2;i2,12l,-;(IO  .  20.163.10i)  5l4,25;.270 

May  29....  2.--1.196.500  Il.4oi.600  63.S71,900  232,b90.9IKl  19.921.100  430.141,530 

June  5...  2-11,401, '(10  10,655.200  6l.6f>.:i00  233.4.'4.UI0  19.79m  .800  4!>2.02;,127 

.Iunel2...  2!7.«n,800  10,?O'(,.'00  66.s2-2,500  283.163.700  19.il66.600  361.1-^2.915 

.Jane  19  ..  ■275,2i;,500  U.653,300  6S.'.l(lO,200  234.C68.100  19.142.000  43S.739.498 

.Iune86...  2:6.707.800  8.S47,(IOO  71.191.!!00  235.7I)S,(XI0  19.(l'.6.500  4-«.661.4(« 

.Inly  3....  ■279,397.200  .13.824,6110  73.S!i,IOO  245.a9li.700  18.932.500  4;3.»()2.:;fi0 

.July   M...  280.866,800  16,937.300  70.661.200  250.405  200  :8.M4.80'i  873,12,5  188 

.lulv   17.,  2:9.558.800  16.964.900  7:f.7*5.300  250.826.600  ie.8tl.60O  8»5,»45.749 

.lulv  21.  .  277.549  2011  17,519.200  75.115.200  25.M2a.6C0  J8.59».«I0  ;161.S04.S80 

.luly  31.  .  273,907.700  15.78i.200  75,531  000  251,066.100  18,6.6,100  3!i2.74'.,677 

Augusta.  ^30.434,300  16,334,400  73,601,800  23l,46i,80O  ld,5n,80tl  861.950.125 


Angas   14,  1575  J 


THE   CHRONICLE. 


153 


4).l)e    6aiiKec9'    <@a?eiu. 


!<I1T10.XAL  Bi\KS0KGiNIZ80. 

TUe  Caitad  Stataa  Comptroller  ot  the  Carreocy  farniahea  the 
loUowio^sutomentof  \»tional  Bhoks  orKmnisaJ  the  put  week: 
t^U—Citj  National  Bank  of  Glouce»ur,  MaaMChuetla.  Auihoriz«d  capital 
I1BO.000:  paldlnciplul,  |;:s.o»    Addtaon  Gilbert.  Pr^-iil^ni :  vVm. 


.V-  Pew,  Caahlrr.    Aottn.rUoii  ( 


baatneaa  Aujnist  6.  1875. 


BIVIDBNDN. 

OOMTAWT. 

Pbb 

Csar. 

Whek     Hook*  <;i^»d. 
P"AmiM.  (Daya  Itdaalre  ) 

SlOTliacnra 

5 

1 
ood«»|          .      .. 

Tke  BI«Ba 


ruDAT.  AoCTit «.  IS7S— «  p.  u. 
ft  .llarket  and  naaaelal  MtaaaoB—Amonij 
the  tew  ereola  of  lDt«re8t  which  have  relieved  the  dall  roatioe 
of  a  mldraiDiBer  work  in  hualMas  drclee,  wei»  the  failure  ol 
Meaan.  Archibald  Baxter  k  Co..  a  promioent  ahipplDg  and  com- 
miaaiou  liou*e ;  the  diacov-ry  of  counterfeit  bond*  ol  the  Cali- 
fornia and  Oregon  Bailroai  iCeotral  Pacific);  and.  to-dar,  the 
publication  of  a  preliminarr  xtatameot  of  the  afiain  ol  Meun 
Dao^aii.  Sherman  t  Co  The  liabllitiee  of  Mewra.  Baxter 
^*'  "  •*  feported,  will  be  eorered  to  a  larse  extent  by 
proeeeda  of  fcnin  ahippM  and  yet  to  arrive  in  Liverpool  The 
coaotarfeil  bonda  wvae  ImmfHialaljr  traced  to  their  anthnni  ami 
the  criminala  arreated.  Th^  atatement  of  the  liabilltiri.  and 
aaaeta  of  Dudcvd.  Sherman  k  Co.  ia  an  approximate  and  not  a 
Saal  exhibit.     Tha  Bfona  are  aa  tollowa  : 


SUSSSi^SL' 


valaeaf  aaearli7h«ld 


.  •!«,«»  er 
.     H,Ht  71 


Dae  iDiiapoali 

P**-'«'."yO  WTiM|iuii'd«t^"  tabjceita a4]i 
•ecandkrpied^of  raalaauu 


ll«M 
in.WH 


Oae  to  dapOiUare  ea  ■ 

Total  UaMHllae 


Hiaiii  of  Jiaiilt... 
>' oadlu  aad  dicakr 


•■T.nOM 
l,ilS.«»l  M 
t.SU,l«T3 


.•4jin.i«««s 


Chab  oa  haad-«gU  aad  earrr.. 

.  af  whiOh  It  I.    ■ 

ker«M«lll< 
i.or«hleli 
,  or  wkieb  It 


TMlwtabee 

.'    1  will 

■1  <rUlbe« .... 

■     III  m  iMllaftad    .. 
■lit  awfcat  valie 

aathaalad 
.ryl 


■.enit 

aiiM  It 
HMM  u 
tM,«IOID 

tiiMt  m 


riijmm 


la  Xew  Tork 
rkaaw^WLevaraadalK 

"•irv"  •■        .^.»r;;.;;;  ::;■;:: 

_  c  w.BaHarDaacao'akaiaaaadfar- 

XSS^at:^  Pwpartj,  ..ilnaMl  at  muui 

'•{■••••ewatm n JH  §• 

W-Wm**  •fcanaea'a  kaa«  ai.i  fanllan.  aad 
mory  paneaal  aad  n»l  voMftr.  tliml  at 
■urtetwJaeiefcaWBtih.."  .^.^TfTT;."    M.aM  «0- 

It  ta  awed  that  the  amdMrt  of  traveierii'  Vredlu  actually 
MoiMd  by  Mr.  Alexaodrr  (>•■«■  la  Loadoj,  without  aecanty 
Jr?,it.'f°''!?.'"Tr  •**"*'^  The  liam  ~  btlU  payable"  ft» 
VMlSjWl  ia  ait  la  tha  Urm'a  aanMiaadatioD  a«oeptanoea. 

Oar  looal  Mooer  market  l.aa  baaa  eaay  at  ;|  to  3^  per  c-nt  on 
eaUloaaa;  large  block*  of  moaejr  are  praaalDg  for  oae  od  Gov. 
enmadt  oollaiaral  for  80  or  40  daya*  tlma.  Oa  eommerdal  pap^r 
the  rata*  ehow  a  •Ilfbl  hard.«kw  lawiaMr.aad  qaoUUooa  are  *i 
to  9i  par  erat  os  prime  pa|»>r  eft  l«  4  moalba,  wlik  axeaoUoaaat 
lower  rmtaa  oa  dMiee  paper  of  abort  dau. 

Oa  TbaiwUr  the  Bank  of  tmgUaA  rcdoead  iia  mlalmam  dia- 
coaat  »»•  to  a  p,,  c^ni  („„„  ^  jte  prevlooa  flKore.  and  ahow«d 
a  nOa  la  ballloo  for  the  w^k  of  CSM.79t. 

Tha  laM  weakly  alatem-at  el  the'  New  Tork  Cltv  n«inait 
S?^  Bartattaaaed  Auu  7,  ahovedadeereaae  of  $l,'434.»Jri  In 
■■".•«••*  •«*»•   Ihelr  35   par  eaal.  lagml  raaarve 

•ooh  exeaaa  baiat  fr,070.ud0,  i      "    ^^' 

week. 


Oloaing  pricea  dallv  bare  been  aa  followa : 


•a, 1881 

•a. 1881 

6a.5-«0'a,t8M... 
to,5-M-s,  18M... 
(a,&-Wa,18H... 
•a,  V*i'»,  1885... 
•a,  5  au'a,  186S,  n.  1. 
Sa.5.au'a,186Sa.l.,coup 
•a.  S-M'a.  19m reg 


(a,  ».«■•,  1887 
8(1,  &-«)■>,  lg«8. 
8a.  S-Wa,  1888 
9a,  10  40'a 
ta,  10-M-a 


^   ..      *°S-   ■*"g-    Ang.    Aug.    Aug.    Ang. 
Int.  period.       7         ».         jq'       u*        ,£       13" 

..•reg..Jan.*Jnly.«l«ox    l«nj<  aisoj^  MiOX    liOK    1«0X 

..  reg.May  *Noy.  •116}(  'uex    llfi>^  •U6H  •liejj  •lis 

coop.. May  4  Not.    116X    116\    116X 'UBS    Il««  •118 

..ie(r.  MayANoT. 'IISW  •!!!»     •110     'ligv  •i:9)I  •119 

coop.  May*  Not.  •I19V  'llltX    11»X    11»V  'HHh' 'llS). 

reg.Jaa.  A  Jaly    *1I9X  •llSi<    llflx  •USJi 'lisix  •IW 

Jaa.AJaly.    I19X    r.sS'    ma    UVH    liux  •lig 

Jan.  AJaly.  *IWK    1!»>» 'linx  •l»ox    ISCX  •ISOjtf 


coap..Jaii.A July.    I»OJ<    1»>4    im)i    VX)\    ISO);    :ia)w 
...rer.JatLAJuIy.  •1«1<'1«I      •!«     'lai     •isi      'iTl 
..coup    Jan.  A  July.    Ut«t    1)1^  •l^l     •<2i       iji     (jai 
...rcjf.   .Mar.  A8ept.^U4,S 'I'.JX 'IHS    IftX '^H '114)4 
^  ^   ..  .     -        .coap..iIar.ASept.    li:>k    lis     'mx '118     '118     •mv 

Sa,  fnnded.  I8S1 reg    ..Qnarterly. 'II*       116       119       118     •118       118 

8a.fun.led. 1881,  ..coop. ...Quarterly. •ll«3i    11«X  •lt8X    IIBH  •116K    118V 
8».CmrcncT  reg.  Jan.  A.Inly.    1«X 'IM     »lt2       18»X    1«8X 'mx 

•  Thla  la  the  price  bid  :  no  $alt  waa  made  at  tha  Board. 

The  ranire  in  pricea  aiooe  Jan.  1.  and  the  amount  of  eaeh  olaaa 
of  boada  ouuitaodini;  Atig.  1,  1875,  were  aa  followa: 

. — ^Range  aince  Jan.  1 . — Amount  Ang.  I. — 

Loweai.         RIgheat      Ragtetered.     Coupon. 
118     Jan.     6  Itt»  May  Mf  193.888,890         $.  .. 

SIMJKJauelT  89.8)0,600 

a  IU\  Apr.  18  88,890  49,8n,6»0 

8  1«]      Apr.  87      t8.309.40O  3«,R89.400 

84  mx  June  18      SS.1M.0a0  118,748.890 

8  1«4V  June  17      88.989.400  144.398.700 

9  lUV  June  16  8e,S9H,IS0  ««1.9«8  800 
»  ilS.S  June  18  '.4.431,.')CO  ta.OSlBCO 
8ll8MJnoel8  141.811,650 
4llii)tJnne  7  ...  98.991.880 
1119  JonaiS  t0&.»«l,8S0  818.484,900 
4  1MXApr.  M     84.888.81t  


«a.l881 

8a. 1881 

l*.S-tO'a,18SS. 
8*.  8-80' a.  1884. 
8a.  VSO'a.  1»W 
«a.  9-tO'a,  1889,  new,coup 
«a.  8-80-*,  1887 
9-Wa.lS88 


..reg. 
conp. 
coup 
coop, 
conp. 


:-.8K  Jan. 

114K  Jan. 

IIAV  Aug. 

117X  July 

ll7KJan. 
coup..  1I8X  Jan. 
coup     118     Jan. 


S«,10-I0'a reg..  118)<Ilcb 

Sa,  10.40'a coup..  118X' Mch. 

Sa.ruadad.  1881.... coup..  II3K  Jan. 
aa.Onrreney rag.,  mx  Jan. 


Uloalaar  prleeaof  aeearlUea  la  Loadoa  have  been  aa  followa: 


"r 


^^: 


o.a.aa.vto'a.  i8aB.oid..]  torv  I  :ctx  !  \or,u 

0. 8.  Sa.  vara.  1887 I86K  I  'MX  |  lO^M 

O.S.Sa.1tHMra  >  I08W      108V     107 

»ew8a    ..*.     .       ..    18«X  I  lety  |  106V 


Since  Jan.  1,  187&,  — 

Loweat .      1     Blgbeat. 


105W  Apr.  1*1  iORV  Apr.  9 
tOavJufolB  109V  May  S 
10*V  ■'cb.  19  107  Ang.  13 
lot     Apr.  19    108V  An<.  18 


Mate  aad  Rallroa«  Boa«a^There  haa  been  bnt  Httlo  bnai- 
neea  at  the  Board  in  the  Southern  Hat,  Tenneaaeea  beln^r  moe^ 
dealt  In  at  firmer  pricea.  Salee  were  made  yesterday  at  52^  for 
old  and  .51  (or  near,  bnt  to  day  holdent'  pricea  were  so  much  highe' 
Oiat  no  public  palea  ware  made.  Virfrinia  bonds  are  firiu  on  8 
home  and  Baltimore  demand.  The  1 1, 000.000  iaaue  of  Li'iuiaian 
levem  w-iirh  we  Kiated  two  weeka  alnre  that  the  Supreme  C«urt  o 
the  Sute  hail  divided  Bgainat  as  to  their  conatitutionality,  it 
appeara  now  were  not  paaaed  on  by  the  ooart,  and  their  case  will 
uut  be  laached  before  November;  the  miatake  occurred  through 
an  arroueotia  telegram  fr«>m  Monroe,  I.<a..  where  the  court  was 
klttinif.  Railroad  bonds  have  l>een  reasonably  active  for  the  sea. 
BOO  at  Arm  prices.  Pacifies  are  well  maintained  on  free  tranaac- 
tiona  A  diacnvery  waa  made  of  fifteen  oounlerfeit  bond*  of  the 
California  A  Oregon  (Ceat.  Pacific)  bonda,  bat  the  autliora  were 
•ooo  found  and  arreated,  aad,  ao  lar  as  known,  none  of  the  bonda 
aaeceaafolly  pushed  out.  Cble.  A  North wes^conaol.  gold  bonda 
have  beea  wdl  maintained  in  the  vicinity  of  88. 

Dally  elnaiotf  i>r<eee  of  a  lew  leading  bonda.  and  the  rangre 
■iBce  Jan.  1 .  have  been  aa  followa: 


aiTaaa.,  aawa... 
•aW.  Car..aM.  .. 
•a  N.  rw..a««.. 
«•  Vlrs..  coaaoUtf 

«o       aaaartaa. 
•aa.C.J.AJ.. 
ta  Me.  laaui  beada 
K.T  '•  •■  "    •■'■• 
C.I- 
tin 

4.. 

d-.      ••  r  *• 

■rlaUl  >!.;•.... 

wr.j.  om».  in  >•. 

rt  Wayae  lal  ••. 
I|ae«  r«l'1  lat  ^^. 
C.  AM.W.culdla 


A-y. 

•\n 
••X 
•ts 
t» 

■MM 
•IISH 

-  ulH 
1  1 
-H 
►  H 

•111 


Aas. 

*. 

>K 
•80 
•10 
•M 
•MV 
•77 
lulH  ' 
•lUH 
im 
10)  H 
•la^i 
•81* 

•■.oav' 
•lit 


•tOK    asK 
♦»• 

•B 

•«a 

•n 
'101 H 

M4« 
W 


I(BK  •uak 


ItSH 


•10 

•«ll< 

•MM 

lotii 

■||«V 

lUtH 

iins 

•im 

•■o»K 

•i« 

•KMH 


Aa«. 
It. 
*l 

•lA" 

•t4H 
•MSt 

loiv 

IKS 
IIQH 

lot 

•S3 

'1(B), 
'101 
III 


•SI 

•io" 

•8114 

•M)t 

•JJ 
•101 K 
'IMH 
■lOtH 

loan 

MM 

t*H 
•108 
•IWH 
•liJ 

l« 

NX 


-ainoaJan  1— .*— ^ 


Lowaat. 
44  Jan.  n 
V  Mch.8! 
II  June  XI 
UXJan.  H 
m  Meli.*s 
»     Meh.W 


MM  Jaa 
ItlV  Jaa. 

«)■  fail. 

«    Jan. 

fO     Jan. 
I  «>M  Jan. 
'10 '     Ma 
VflH  Fel 


.   14 


May 

108)2  Jan. 


Jan. 


Hlgheat. 
t^H  Ju.  t 
»  Jan.  la 
18  Jan.  7 
(IK  Apr.  i 
a  Jnna  7 
85  Jan.  37 
lOaV  JlUMtS 
iaill7K  May  17 

«,10(k  JOBSM 

iiUOK  Juneai 
tllODH  Men.   ■> 

»'lo;t.  May  • 
1,115  Apr.  » 
7  114  June  90 
9  ItlM  June  8 


June  Ml  WK  Aug.  4 


the  wliole  of 

afaiaa8~|S8j3M;S73.  the  previous 


Th'  taltowtac  «•«>••  "howa  tha  ebanirea  fto*  tha  prevloaa  week 
aad  a  eompariaoa  with  1874  aad  1978 : 


l«7fc. 


881 

TMaisoo    i8.«auMI>w.  t.«a.i«» 

•  OMHatf  asMaa  ■•■-»—«o»afa«.nt  boada  have  haen  moch 
the  aame  aa  laM  week  in  aboirlaff  a  ■awll  boalDeaa  at  the  Board, 
bat  ounaiderable  transactiona  over  tha  eooatera  ot  teadiaa  deal 
'T.  .T^»-*«r.  «he  TreasorT  Dapartfaeat  raaaed   ita  tw-ntr  /„„rih 

ti.V°'JP'*^*''""'' *'™'''-  "^"f  «*"   "««   «"  'ort 

""t    The  amonnt  eallr.i  is  f  10.0(10.000.  and  :he  de-  f 

fcoada  aa  fpllowa-ihat  i.  to  a^.  boada  of  tha  aeU  .)f  March  3, 

*»••.  •■■  Jaae  ao,  lau : 

tJSblSLST  SSTiT^  .^"  "1"  ^.  ?*J'*»*  *  M88-J100,  N«».  1  to  78. 
h^Ii^T^iJ'?-  J«r  "  ♦*•>■* la*Miii:  11.0801  So-Tl  to  988.  both 
^iSm-SlT  ly  "^i*#  !5**<»*    1V3:8»48.800. 

iJWL*!!*  lselu-lT».   nStkT 
•tm4  bo84i   aUL  N.<«.  I  ia  ttr 


After 
IVoaL  I 


Ita 4.800,  bath  ladaalva;  #1,000. 
h'lKlaalTa:  |ian,  Noa.  I  to  880, 


'^.'.";J''r!T^,.TW8*-H88a.vx)    <i,M4i^  ♦la.aeiMwi. 


•  TUftt*tb*one«Md.  oo  tnttmrnm  nadaaitha  Board. 
Ballraad  aad  illlsceilaaeoaa  Stoeke. — The  stock  market 
was  quiet  in  tlie  early  part  of  the  week,  and  in  the  aiMwnce  of 
many  brokers  and  op«ratora  at  llie  waterinK  placee,  the  volume 
of  bu«ir»-sa  done  was  small.  Yeeterday  and  to-day  there  waa 
e<llT  more  animation  in  the  market,  with  an  advance  in 
price*  of  tnor"  or  lenn  iiiiixirtance.  Western  Union  I'elei^niph 
opened  at  81 1  yeaterdav  morning,  and  sold  to-day  up  to  83{, 
Closing  at  KH ;  ^  to  the  proposed  leaae  or  purcbsae  of  the 
Atlaatie  and  Padfie  llnea,  the  only  facts  yet  deTelo|i«d  ore  that  a 
onmmittee  of  diraetora  was  appointed  to  oonaider  the  matter,  and 
tba  Inllowiog  paragraph  appears  ia  a  publiahed  letter  of  Preai- 
deat  Orton,  vix: 

"TbaWeatrm  Union  Company  can  nw  to  ailTantage,  and  may  absolutely 
rnialre.  within  ihr  nrai  iwolre  mnntha,  tea  thnnaand  mllea  or  additional 
wiraa.  I'  ihc««  mldifloniil  raclllll<-a  can  be  acquired  of  companies  now  uaing 
tbera  In  comp^tltloo  with  us  cheapi-r  than  wa  nan  erect  them,  Hearty  it  would 
be  of  our  lotsraat  to  boy  oat  such  conipaoloa  rather  iban  to  erect  new  wirea." 

Tliere  haa  been  aome  actirity  in  Atlantic  and   Pacific  RHilroad 

areferri-d  atnrit  wbich  sold  at  1.^  to  day,  and  in  the  Pacific  of 
ilseoiiri  wliich  ia  leaxinl  to  the  Atlantic  and  Pacific  and  annual 
dividends  on  ita  stock  guaranteed;  the  latter  sold  at  47(^7^, 
alKiut  1  [>er  <->nt  a<lvaooe  on  yesterday.  The  (reneral  tone  on 
Western  stiicltB  was  sirong.  Lake  Shore,  Northwest'-rn,  8t.  Paul, 
and  Kock  IsUn'l  all  ndvancinif  about  1  (lercent  beyond  the  loweat 
prieea  of  yesterday.  Towarda  the  close  there  was  a  slight  reaction, 
and  tlie  market  closed  steady  at  a  fractional  decline  from  the 
beat  prices  uf  the  day.     The  prospect  for  an  improvement  lo  rail- 


164 


THE  CHRONICLK 


[August  14,  1876. 


Boston  Banks. — Below  we  ^We 

Kattonal  Banka,  as  returued  to  tUu  Olt^a 
Aug.  9,  1875  : 


statement  of  the  Boston 
rinu  House  on  Monday, 


SauKt.  CspUal. 

fctUntIo t19<>,0Ul' 


Atlu 

BiaoKttous. 
B>«(on..  .. 
B  lylvton,,.. 
[Iruadwa)  .. 
Contral., 


1,JU0,U0D 

1,1X10,000 

1.000.000 

TOO.tXX) 

>00.000 

500,000 

Calaiuhian 1,000,000 

CoDtlneutal 1,000,000 

gllot IJXMjOOO 

Brerett 400.000 

PaDODllHall 1^,000 

Krecmau'i 900,000 

Olohe  1.00O.0OC 

ttamlltaii 7SO.OO0 

Howard I,000,00« 

Vlanufacturera' 900,000 

M»rKfI 800,00(! 

MaUKClinselU 800.000 

Maverick  400,000 

Merftaanlt' 8,000,00( 

MetropolUan: 2>U,00a 

Mouni  Veraon  200,000 

iTew  BnKland 1.000,000 

Nortb 1,000,001' 

Old  Boaton »00,000 

Shawmut  1,000.000 

Shoe  *  Leather l,uoa,OOU 

State a,000.(X>C' 

Baffolk 1.500,000 

Trader.' 800,000 

TreiQont.  l.OOO.OOl 

Waablngton 750,000 

FIrat 1,000,000 

Second (Qranlte)...  l,<00.00(> 

Third 300,000 

Fourih  ITS.aiO 

Bank  of  Commerce.  a.OOO.OOU 

Bankot  N.AmerlCK  l.OOO.uOO 

B'k  ol  Redempllon.  1,000,000 

Bankof  Kepnbllc...  1,500,000 

Oommonwealth 500,000 

Olty 1,000,000 

BaKle  t,0OO,0i)O 

BzctaanKe 1.000,000 

aide&Leattaer l,.'iOO.0O0 

Bevere «,000,000 

Secarlty 200.000 

Union 1,000.000 

Webster t,500,0OC 


boantt. 

tl.M^.WO 
S.S.>».:00 
4,KI4.liUI 
8,416.900 
131'i.iOO 
49;.UU0 
1,IB«.400 

i.oei.iuo 

1,081,000 
i.4l6.0(iu 

;,«-.5soo 

2.338.910 
'..7J»*)0 

1.0il.?0l' 
1.S9J.800 
2.1)88,900 
l,«74,90O 
9.431.60(1 

146,310 

622.800 
2.55 -.900 
8.198.110 
■J.0OO.2U0 
;;.612.6tJ0 
3.657.2U0 
3,8Sll.30O 
8.' 80.500 
l.Sl'.'lOO 
8.356.900 
1.9''2,70C 
4.3:i.9(H' 
<.0J1.20(i 
1.141.200 

221,800 
B.ISP.SOO 
2.i;0.2U0 
S.SS'i.^H 
8.135.000 
3.5i:.9(!0 
1.9S1.2(0 
2.O54.6O0 
4,975.S00 
3,76l',800 
5,.'i33.l  00 

SS6.W0 
2.91 ;  .200 
2.705,500 


Snecle. 

»32.m>.' 

8<U 

4.41'0 

s.aw 
:i.^ 


11.600 
2,300 

l'.9* 

io'.«i6 
4.;o(i 

100 
10.600 
87.500 
2.700 


I9,3CC 
3)  .400 
4S.600 
12.rV« 
IS.OOO 
36.100 
2J.100 
13.500 
81,500 
8,500 
2.600 
121,^0P 
36,400 

'  2.700 
2.').11I0 
33.300 

H.m 

12,1X10 

'..S.« 

1B7,800 

25  ..WO 

24.300 

fiOO 

i2.'00 

5,100 


b.T.Notei. 
$61,100 
9iJO0 
ail.TcO 
111.400 

44,t.00 

4,'iJ.>00 
123,9110 
1»'.000 
117,700 
148.500 

63.600 
117,400 

»4.U(W 
•97,500 

83,:00 
125.600 

85.700 

S6.500 
178,800 
127,400 
677,700 

29,000 

68300 
126.600 
251.500 
300.600 
152.800 
255.100 

60.800 
173,000 

i8i',eoo 

168,600 
98,200 
2911,610 
833,800 
46,900 
IIJWO 
459,400 
:<8.I00 
429,0(10 
156,000 
itifiOB 
92,500 
180,300 
225,100 
215,200 
8».1C0 
80.S0O 
159.400 
133,300 


Denoblta. 

(549.400 

1.0.«.41'0 

I.8M,810 

794  ."'00 

691,900 

819.000 

934.800 

l,O2«,0CO 

986.900 

742,800 

587.100 

1.117.900 

.^42,700 

822.200 

752,200 

78;.rao 

672,900 

627.100 

1354300 

1,066.900 

5.221,700 

235,U'0 

365.900 

846,600 

1.4."6.800 

1. 062.300 

903,300 

1,214.700 

1,117.300 

98«.fO0 

624.700 

745,700 

629,600 

1,294. ",00 

1,7»6,8(10 

817,700 

67.700 

1,7«;.900 

675.200 

1,273,800 

747.3(10 

2,6S2.800 

787,?00 

841.400 

1,8;7.600 

1,019.100 

33S7.4r.0 

7.55.600 

1.207,200 

1.317,100 


Clrc.ul. 

$41 9.400 
C1534I 
7W.9(I0 
587.900 
49i,8u0 
166.000 
2O».9O0 
725.U«l 
550.OX) 
765.900 
ri6.7or- 
394.300 
8.S8.9U0 
848.7U0 
227,900 
445.700 
1S7.4IX; 
34l.liOi 
342.I'J(> 
844.200 

176.360 
706,900 
6I!(,S00 
800,100 
479.900 
77(i,*)ii 
979,700 
723,6(10 
141,100 
634.3* 
57.'.400 
5-6.431' 
451.'10(: 
152.80i 
11.700 
5U.II<I 
5ll9,4(«.l 
632.40(1 
971.000 
300,000 
414.800 
321 .101' 
705.UI0 
94  V*!' 
975.000 
178,"0O 
520.900 
448,200 


Total »50.5S8,0r0    »;33,221,100  {1,046.700     li.716.5C0    |53,650.0(.0  124.939.500 

Thetolal  amount '•duetoolherBanK8,"aHPerBtatementof  Aug.  9,  le  f23,36l,000 
The  deviations  from  last  weeli's  returns  are  as  lollows : 

Capital Increase.    »;60.000  ;  Li-ual  Tenders Decrease.  »25;,ooo 

Loai.t Increase.  l,29o,l«10    Deposits Increase,    1,364,903 

Specie Decrease.      46.,^00  1  Circulation Increase.        22,500 

ThefoIlowinK  are  the  totalsfora  series  of  weekspast; 
Uaie.  Loans,  Specie,    LeKalT<^nders.    Deposits.  Circulation. 

.lulT   12 131.M-,800  2,039,100  7.770.600  55.370.200  24,915.000 

.Inly  19 !32,356.000  l.;91.40O  O.216.400  58.59,5,800  2.5,(68.100 

July  26 181.525,900  l.S"8  700  8..'95,500  52,870,300  24.941.C«i 

Anif.  2 131,934.100  1.093,000  8,9«».o00  S3.285.100  24.8a7.W«) 

Auk, 9 188,ii4.I00  1.046,700  8,716.500  53,650.000  2),K9.00 

Philadelphia  llauka. — Th«    following    is   tUe  average    con. 

dition  of  the  Philadelpliia  National  Banks  for  the  week   preced. 

ing  Monday,  Aug.  9,  1875  :  Total  net 

Banks.  oapUal.       Loans.     Specie.     L,  Tender, Deposlts.Clrcnlat'ii. 

Philadelphia |1,500,OCO     -• -■       -- ""     

NorthAraerlca 1,000,0(0' 

Farmers  and  Much.   2,000,000 

Oommerclal 310,000 

Mechanics'  8O(),00O 

Bank  N.  Liberties,       500,00o 

Southwark 290,000 

Kenslnston 250,000 

Peun 500,000 

Western 400.0CO 

Manufacturers',...    1,000.000 

Bankof  Commerce      250,000 

Otrard 1,000.000 

Tradesmen's 200,000 

Oonsoildatlon 300,000 

City 100,000 

C)mmonwealth....      300,000 

Corn  Kjchange....      500,000 

Union 500,000 

First 1,000,000 

Third 300,000 

Blxtb 150,000 

8  ^ventQ 350,000 

BUtath 275,000 

Oentral 750,100 

Bank  of  Uepnbllc. .    i  .OOO.IW 

Security    250.0101 


I5.jai,ooo 

H10.000 

«1. 480,000 

14,310,000 

4.913,000 

27,000 

1.317.000 

3.932.000 

6,4:6,600 

115.900 

1.315,900 

5.503,500 

2,626,000 

17.000 

475,000 

1,675,000 

2.1lf.l60 

8,667 

33i,SS0 

1.341.200 

2.893,000 

682,000 
638,8(B 

2,501,000 

1,553,217 

4.440 

1.618,i)41 

I,014,8i4 

224.0(10 

719,175 

1,270.351 

1.000 

292,997 

94'-,85S 

2,182.932 

54  ,'262 

r26,ais 

2.132,778 

2.594.000 

i73,000 

1.632,000 

751.785 

1,105 

271,249 

685.621 

S,9;5.000 

12.000 

851,000 

3.013,000 

1,496.000 

7,000 

377.(00 

'.,15S,000 

1.196.169 

1.500 

212.608 

W.3I9 

1.6:2.030 

1,417 

385.917 

1,113,188 

SSt.OOO 

156,000 

630,0)0 

2.014,000 

5,603 

747,000 

2.205.000 

1.622.000 

3»6,000 

1.436.000 

4.018.000 

13,aiO 

1.125,000 

4,077,010 

958.UO 

396,000 

95:. 958 

576.000 

144,000 

471,000 

f.53.000 

157.000 

486.000 

1,117.000 

177,000 

814.000 

4.517.000 

12.000 

993.000 

4.050,000 

2.328,000 

18,000 

370,000 

1.021,000 

702,000 

133,000 

472,000 

TJtal ; tI6.43B.|ior  »61.976.i29    »iC4,92l     »14,658,124     149.99.5,368   |10.982,313 

Tne deviations  from  the  returns ot  previous  WPBJ!  art"  as*  (o)lnwK 

I.o»n» ,  ,,inc.  H60.303  I  Deposits Dec.    I6i0,347 

Specie     .,     .        Im.      79.205 1  Circulation  Inc         85,31.15 

Lneai  Tdniler  N'>t.es.     ...      Dec,     136.45J ! 

Tlie  following  are  the  totals  for  a  series  of  weeks  past  : 

Date,                     Loans.  Specie.  LeganVnoer,      Deposits,   Circulation 

July  12  61,022.475  880,860  15,016.031  49,375.076            10,865.318 

JuiylS .        61.314.919  m':M3  14.901.163  50.26S.691             10.924,713 

J«ly»6 61,421,824  •2T2,640  15,037,828  502S9.033            10.852.61 

Aug.  2 61,815.929  335.7;9  14.804.582  .^0.68^15             10,897,009 

61.976.328  404.921  14.668.124  49,091.368             lo!9S2.8l7 

—  — : 2 


.    2, 
Anir.  II  , 


(lU(»T4Ti(i^N  i\  tumm 

.  PfllLAUELPIIlA    AND  OTHER 

CITIES. 

BIODEITIKi, 

ItW, 

ASk. 

8KCTJEITII8. 

Bid, 

Ask 

HOatTON. 

Matne6> 

New  Hampshire,  68 

Vermont  6s 

Hassachtiaetts  6s.  Gold 

do           5s,  (iold  

104)4 

lii" 

107 

103' 
86« 

^^ 

111 

U9S 

lOOX 

2" 

1'4X 
lOlX 

ii2" 

107.1« 

S^ 

36    , 

101  1 

94    1 
89X 

"i 

Vermont  A  Maes.,  I8t  M.  «,'88. 

STOCKS. 

Boston  &  Albany  Stock 

Boston  &  Lowell  stock 

rtOBton  ft  Maine .^.   ... 

Boston  &  provldenct^  

Burlington  A  Mo.lnNebraBks 

137 

71 H 
117 
ISiK 

45 

60 
117 

12 

isi' 

59K 
50 

'.36" 
BiH 

128' 

g^ 
113), 
107)4 

is' 

81 

101 
117)4 

Chlcai^c,  Sewerai^e  7s 

do       Municipal  7b 

Chlcai^u ,  Bur.  A  Qnlncy 

Cln.,Sanda8Ky  ACIov.atocb 

Conco  rd 

Connecticut  fllver 

134M 
59>i 
I29X 

Portland68 

Atch.  &  TopekalBt  m,7fl  ..  .. 

do               land  Rt.  7s 

d.i                2d  7b 

Connecticut  A  Passampstr,  pf. 

do                land  Inc.  12b., 
Boston  &  Albany  7s 

Bastern  f  New  Hampshire) .... 

MHOchester  A*  Lawrence 

Nashua  A  Lowell 

Burlington  A  Mo.  Neb.  Ss,  1894 

81 

do              do    Neb.  8b,  1883. 

Eaatern  Mass..  7« 

Ind.  Cln,  &  Laf .  7«,  '.869 . , 

do          equipment  10s, 
do         funded  debt  7b 

Ogdensburg  *  Lake  ch ,  6s 

Old  Col.  *  Newport  Bde,  7,  Tl. 

Kutland.new  78 

Northern  ot  New  Hampshire. . 

Norwich  A  H'orcester 

Opdens.  A  L.  r^bampUln 

do               do      pret 

OldColony '  «^ 

fort.,  Bar.o  A  Portsmouth  ... 
Katland  common 

95 

128X 
35)4 

114  " 

Verm'tCen.,jBtM.,cons.,7,'8e 

40 

do     2d  Mort.,7, 1891 

Vermont  dc  Can,,  new,  88 

Vermont  A  MaBsachusetts 

worcceter  A  Nashua^ 

97 

BOSTON,   PHILADBLPHIA.,  Etc.-Contlnaed. 


8XUUB1T1KB, 


PHILADELPHIA. 

•TATB  AKD  OITT  BOHDt. 

fennsTlvanlaSB,  coup 

do  do    rev 

do  61,  10-15,  2d 

do          do      19-'29. 3d.. 
Philadelphia  68,  old 

do  68,  new 

Alleiihany  Coantv  58,  coup... 

PlttBburg4B 

do        58 

do        78 

Hew  JerBcy  State  68,  Exempts 

Camden  County  68 

I'amden  o:ity  7» 

D,:  law  are  6h 

HarrlBbarg  City  <• 

BalLBOAD  BTOOK0. 

Camden  &  Ailantlc 

do  do      pref 

CatawlBBa 

do         pre! 

do        new  pref 

Blmlra&  Wllllausport 

BImIra  A  Wllllameport  pref.. 

Bast  Pennsflvanla 

Huntingdon  *  Broad  Top  .. 
do  do     pref. 

Leblgh  Valley 

Little  Schuylkill 

Minehlll 

N  esquehoning  Valley 

Norrlstown 

Northern  Central 

North  I'<-nnsyl\anla 

(.>ll  C  eek  &  AlleRheny  Hlver. 

Pent  sylvan  la 

PhllaUelplila  *  Erie ,,, 

PnllHclelphla&  Kiiailing 

Philadelphia  *  Trenton 

Phlla.,  WilnilnK.A  Baltimore, 

United  N,  ,1.  Companies 

West  Chester  contoi.  pref 

WestJersey 

CANAL  BTOOKB. 

Lehigh  Navigation 

Morris 

do    pref , 

Schuylkill  Navigation 

do  pref 


BAILROAD  BONDS. 

Allegheny  Val.  7  S-lOs,  1896 

do        78  E,  Eltt.,1910 
do      Inc,  7Bend,'94 
BelTldere  Delaware, let  m,6,' 
do  do      2d  M.  68,'fl5 

do  do       Sd  M.  68,'8" 

Camden*  Amboy.6B,  '83... 

Jo  do       66, '89 

do  do  mort.  68,  '89. 

Cam.  *  Atlan.  1st  m,  7b,  g.  1903 
do  2d  do78,  I83I1... 

Cam.  «  Burlington  Co.  6«,  '97, 

I  atawissa,  new  7i'.  1900 

Cayuga  l.akclstm,  g.  7»,  1901 

ConnKCtlnit68  1900-1904 

'hartlers  78. 1901 

Dan..H.  ftWllkeBilst  mH78,'6! 
Dnlawaro  mort.  6s,  yarlous. . . . 

East  Penn.  Ist  mort. 7b, '88 

El.*  W'mspoit,  iBtm,  78. '30. 

do  do   58,pcrp 

HarrlBburg  !8t  mort.6« ,'83... 

H.  &  n .  T.  Ist  mort.  7b,  '90. . . . 

do       2d  mort.  7b,  '75... 

do      3d  m.  con8.78, '65 

Ithaca  &  Athens  g.  7b.  '90. . . , 

Junction  1st  mort.  6b,  '83, , 

do       2d       do  1900(99 

Lehigh  Valley,  68, 1898 

do        do         do     reg.  1898 

do        do         do       7b.  1910 

do        do        con.  m.  6s,  1923 

do        do  do  reir  19iS 

LlttleSch\iyIklU.lstM..7, 1877, 

Northern  Central,  2i  m,,68,'85 

Northern  Pnclflc  7  3-lOs.  19l« 

North  Penn.  Ist  m,  68,  '85.: 

do  2dm.  78, '96 

do  chattel  M.  lOs , 

.10  gen.  M.  78,  1903.. 

on  Creek*  Ale.  K.. cm. 7«.'89 

OllCreeklst  m.7s,'82..  .  . 

Peun*  N.  y.C.&R  K 7s.'96-l ' 06. 

Pennsylvania, IBt  M.,6, 1  -0... 

do         gen.  m.  1910,  coup 

do         gen.  m.,  reg.,  1910 

Perklomen  iBt  m.6s,'97 — 

Phlla.  *  Erie  Ist  m.68,'81.. 

do  2d  m.  7b. '38.. 

Philadelphia  *  Readlng6B,  '80 

do  do       7b,  '98 

do  deb.  bonds. '93 

do  g.m.78,c.  1911 

do  do    reg.:91i 

do         new  conv.  7s,  1898 

do  Coal  4 1,Co  m.,78 ,  '92-'3 

Pitts,,  Cln.  4  St.  Louis  7s,  ",10,, 

Shamokln  V,  *  Pottsv.  7s,  pe:. 

SteuliR^vitle  &  Indiana 78. '84- 

Stony  C  eeK.  Ist  m..  7a,  19(j7... 

Sunbury4  Erie  l8t  m.  7s, '77.. 

Sunbury  &  Lewlston  7b,  1(>60.. 

Union  *  Tltuavllle 

U.iltedN.  J.  c  ns.  m,  68,  91,, 

Warren  4  K.  let  m.  iS, '96 

West  Chester  cons.  7b, '91.  ... 

'West  Jersey  let  m.6s,  '96 

do  do    78,1597,... 

Western  Penn.  Uli.  68. 1598..,. 

do        do     6sPb'96 

ffllmlng.  *  Kead.,lBt  M  .,7, 19<«i 
do  do   2d  Mort.l9U2 

OANAL  BONDS 

Delaware  Division  6b, '78 

Lehigh  Navigation  68. '31 

do  Kn.'»7.... 

do  Tl  

do  conv  ,  '82 

do  conv.,  g,'»4. 

do  gold, '»' 

Morris, IstM., 6, 1876 

do       2dM.,  1876 

do      boat,  '85 

Pennsylvania  68, 1910 

Schuylkill Nav.lat  m.68,'«7. 
do        2d  m.,  6b,  1907 
do        m.  9b, €..'95 
do        6b, Imp. ,'80.. 
do  68,  boat  &  car,19IS 
do  7a,boat*car.I9ig 

do         scrip 

Susgnehapna  6b.  1894 


101 

•M\ 
no 
103K 
107X 

82 

60 

80 
107 
105 
100 

03 

101 K 
90 


40 
7 

13 

82)4 

50 

63)4 

56 

96  H 

29)4 

52 
9V. 

50X 

20^ 

55H 
130 

60 
ISOS 

53 

39 


51 
t3 

128 
7X 
14K 

91 

81 

50 
100 

1)6 

90 

99 

99 

103)4 
103 
105 

94 
104X 

70 


20 
100 
105 
102)4 

60 
101 
105 
iOl 

55 
100 

99 

96 

103)4 
103 
111 

99k 
•00 

is' 

I01)s 
107 
106 
l03 
55 

103)4 
103s 
1(0>4 
lOSX 

90 

97)4 

S6>, 
10: 
lOSX 

81.K 
106)4 
107 
106)4 

74)4 
85)4 
74X 

100 

100 
22 

98' 

165' 

;m' 


50 
6 

95 

lOOi 
lOOX 

162" 

105X 

101)4 

100 

100 

lOO 

69 

97)4 

81V 

79 


lOlX 


111 

104)4 
107X 


130X 


51X 
S5 
loO 

15)4 


91)4 

88 

52 

98" 
90)4 
99)4 

100 

104)4 


99X 


20 
102 
103 

103)4 

58 

64 
106 
10)* 
101 
1034 


87>. 
81)4 

106)4 
75 


101 

ma 

97 


aBOTTKlTlBB. 


do 
do 
do 
do 
do 


BALTfinORK. 

Msryland  6»,  delence,  J.  4  .1.. 

do       6«.  exempt,  1S87 

do       6^,  1^90,  quarterly. ,. 

do        5s,  quarterly 

Baltimore  6b,  1884,  quarti-rly.. 

do        6s,1.-iP6.  J.  4  J , 

do  6-<.  1890,  quarterly. .. 
68,Park,  1690,  O  -M 
6b,  1-93.  M.*  S..... 
6«,  eiempt,'93,.M.4  8 

68,  1900,  J.  4  J 

68,  1902.      do 

Norlolk  ■Wai'r,88 

BAII.ROAP  BTOCKB.       Par. 

Bait,  4  Ohlo-Bt'ck 100 

do         Wash.  Branch. .1(4) 
do      Parkersburg  Br.  51 

Northern  Central 90 

Western  Varylund 50 

("entrali  hlo 90 

PItlsburKh  4  ConnellBvUle.  50 

RAILBOAU  BOND!  . 

Bait.*  Ohio  68,  IfSO.J.*  J.... 

do  68, 1885.  A.  4  O.,, 

N.W.Va.,3d  M,(gnar)'-5.  J.4J. 

Plttsb,4  CtniicllBV,  7s.'98,  do 

Northern  Central  68. 18*5,    do 

do  68,  1900.  A.*  O. 

do  6s,  gold,  1900,  J  4J 

ten.  Ohio  61,  Itt  M.,!890,M.4S. 

W.  Md,68,lst  M„(Er)'90,J.»  J. 

do  iBtM.,  1^90.  J.  4  .J. 

do  2tl  M..  (guar.)  J.4J, 

do  2d  M..  (pref.) 

do  2»  \I,(gr,by  W.'  o.)J.*J. 

do     6s.^d  M  .  (guar.)  J.*  J. 

Mar.*  Cm. 78,  F.  «  A.,  1692... 

do  2d.  M.4  N 

do        8b,  3d,  .J.  4  J.. 

Union  PR.,  iBtBuar,,  .1   *  J.. 

do        Canton  endorsed.. 

MTSCBLLANBOUB. 

Baltimore  Gas,  certificates... 
People'B  Gas 

WASHINGTO<«. 

Perm.  Imp., 6s.  g.  H91 

do  78,1691 

ilarket  Stock  bonds.  78. 1592.. 
I?ater  Stock  bonds  78, 1901 . 

78,1903... 
rnnd.  Loan  (Cong.)  3.65b.  1924 

5  year  Cers.,  7  3-10,  1875 

fen  year  Bonds,  69, 1878 

'nnd .  Loan  (Cong  )  6  g,  1892, 
Fund.  Loan  (Lepj.is.g,  1902.. 
Cein.  of  Stock  ;i.^28>58,at  pleai- 
"  '•  (I843)6»,atpleat 
Giles.  4  O.  Bt'k  ('47)  6s.  at  pleas. 
Board  of  Public  "Works— 
Cera.  Gen.  Imp.8e,lS71 

do  1875 

do  1876 

do  1S77  

do  1878 

do  Series, 

Certlflcaies.  Sewer.  88,1871-77. 
Water  Certificates,  rs,  1877... 

QBOBGKTOWN. 

General  ttock,8s,:8Sl 

do  6s,  at  pleasure. 

Pounty  stock.  6b,  do 

Market  slock,  68,  d3 

CINCINNATI. 

Cincinnati  58 

do         6s 

do         7s 

do         7-308 

Cincinnati  South'n  RR.  7.308  • 

flam. Co. .Ohio 6  p.  c.  long  bdH 

do         do     7  p.c.,1  to5yr8 

do         do     IgbdB,  "  *■  ■'■"'■ 


!  4  '..sof 


Cln.  4  Cov. Bridge  siock,  pre! 
do  t'Onds,  long. 

Cln..  Ham.*  n..l8t  M.,  7,  80. 

do  do       2dM.,7, 'SS. 

do  do  Id  M.,  8,77. 
cm..  Ham. 4  Intl. 7s  gnnr  ..  , 
Cln.  4  Indiana,  1st  M.,7 

do  do     2d  M., 7,1877 

Calnm.,4  Xeola,  1st  M.,7,  '90. 
Dayton  4  Mich.,  1st  M.,7   81.. 

do  do       2rtM.,7, '84.. 

do  do        3.1  M„  7, '88.. 

do  To'do  dep.  1x18,7', 'Bl-'94 
Duton*  West..  mtM.,  1881.. 

do  do        Ist  M„  19(5,, 

do  do       Ist  M.,6, 1905 

Ind.,Cln.4Laf,,  l8tM..7 

do  (I.*C)lstM., 7,1886 

Little  Miami,  6,1883 .. 

(Tin, Ham.  4  Dayton  stock. . 
Columbus  4  Xenia  stock  , , . 
Dayton  4 Michigan  atock... 

do         8  p  c.  Bt'k  guar 
Little  Miami  Btock 


I.O(JISVII.I.E. 

Louisville  6s, '92  to '37 


do 
do 
do 
do 
do 


6s,  '97  to  '98 
Watei  6s, '8710 
Water  Stock  68,  '97. 

Wharf  68 

special  tax  68  of  '89. 
Jeff.. Mad. &  I,lstM.(I&M)7,  '81 

do         do   2dJI.,7, 

ito  do    1«  M,, 7, 1906.,,, 

Lottl8y.C.4Lex.,l8tM.,7, '97.. 

I  oolB.  *  Fr'k., Ist  M.,6, '70.'78.. 

do        Loulav.  Loan,6,'31 

L.  «iN»«h.lstM.  (m.s.)  7,  •77.. 

do    Lotl.  Loan  (m,8.)6,  *86- .S7 

do  do      (Leb.Br.)6.'S6 

do    IstM .  (Mem,  Br)7,  •70-'75. 

do   l8tM.(Leb,br,ex)7.'80-'86 

do    Lou.L'n(Leh.br.exl6,'93 

lio    Consol.  ist  M ..  7, 1898. . 

efferson.,  Mad.  4  Ind 

LonlBV., Cln.4  Lex. .pref.... 
do  do  common. 

LoQlavUle  *  Nashville 

ST.   I.OlTI$. 

8t  Louis  68,  Long  Bonds 

lo       Water69gold * 

do  do       do  (new)* 

do  Bridge  Approach  g.6s' 

do  Renewal  gold  68 • 

do  Bewer  g.  6s  (dne'91-2-3)" 
St,  Louis  Co.  new  Park  g.68... 

do         c'y,  78 • 

At.*  Pacific  guar,  land  grants 
ilo      2a  M.  (funded).... 

•  And  interest^ 


lOS).. 


104)4 


89)4 


92H 
102 


26)» 


■92 

'103 

"106 

!('«)« 

•92 

•101 

•102 

115 

90 
111 

93 
110 

,M 

90 

.8 

:o3 

99 
93 

89 
97 
•100 


'99 

M\ 

103)4 

103 

103 

103 

lOSX 


UOX 


104)4 
165" 


!04)4 
185 

4S')4 


>7X 
103 


89)4 
9i' 

r,H 
m" 

99)4 

60H 


35 
94 
10s 

107 
101 

94 
103 
105 
120 

95 
103 

SS 
102 

N3 

91 


90 
90 
90 
90 

90 

90 

90 

72 

89 

76 

86 

90 

96 

88 

69X 

99 

90 

8S)4 

38 

■p" 
6 
31 

100 

104 '4 
104)4 

16.V 
104)4 
41 X 


AogQBt  14, 1875.] 


Tfm   CHRONICLEl 


lo5 


GENERAL  QUOTATIONS  OF  STOCKS   AND   BONDS   IN   NEW   YORK. 
IT  8.  Bomd»  mn*  meti*4  Railroad  StoeM  ttrt  quottd  »n  m  pr*MOU»  page.    Frieet  repr«Mnt  the  ver  Witt  vaiiu,  vKatever  t!ie  par  may  be. 


•KcrviTiKa. 


»!■(•  ■•■« 


)a.lM.. 


4o     ti.liaai.'*ltntltoB. 

l:  &..^.*.!:^5ii:: 

?.B.»!«.0. 

K  Ark.  cent.  B. 


1».  !«««•  bond!.. 

CoDaceUntti 

Owrfteli ■ 

«e      >.a«w  tK>a4«.  ... 

«e      X«a*>cM4. 

do      'k.coM  boBdi  .. 


S       W.&. 


«B     m. 


UniuAti.... 

Aifc  40  m-_ 

to  toMVKMltetoM 

to       tiVmlfuiami. 


a 

IS 

u 

u 
a 

U4 

wi" 

M 

!M 
MP 
WI 
M 
M 


Ball  road  B«Bda. 

!      Ohc*  SceAoM*  mrMO 

AnMr*s<»«-wk 

to        <o     fi 

to  to      M 

BoMia.  Bwtt.  *  KrU.  W  mort 
,    to  dtt  (aw.... 

BV.,CBM>lto*  MIBB.  Ut  7>.  ( 
cbatocake  *  UMo  <•,  ui  ■.. . 

to  do  «  COBD 

A  Altoa  •Inkloa  tosa. 
to    lat  mart 


*Chlea>o.tMaiort 

a*Mo.,  latm..(aar. 
Jack.  A  Chtc.  IM  m. 
a  Q.  9  p.  e.  IKm... 
do  coQM>t.  m.  ~i 
_IaiaBd*  raeiac 
X.J..UIai..BV 
to  IM  eoaao 
to  M  mort. 
to  eoa.  eoBT... 
*  ImproTa.  bead* 


Paalliim.a^P.D.. 


I  to. 


Cblt.*N.  « 
to  to 
to  to 
to        to 


to 


*,goM.R.D. 
l3ai..LaC.D. 
MaQ.*ltJ>. 
IMm.  !j*IJ.- 
tM  m.  H.  *  D. 
IMBLCfM. 
IMCoaaar  ... 
MbI     to   .. 

ma«>tbto 
•afa  Ma 

W 


Btd. 


1»H 


lip^ 


.SP' 


■■7 


» 


Ham  caroUaati.  old.  J.  ^ 
to  A.  *  o. 

to     ir.C.BB....J.*J. 

to       to  to  «l->.iO- 

to      raattMaaklMl... 


» 

» 


Man*  *  Baaai.  IM  BWt. 


lOiM 
U«M 

vii" 

tio 

in 

lib" 

US 


9X 


!»'• 


"^ 


Haaalbal  a  Napica,  Ut  mort. 

Gtaat  Weatera,  IK  mort.,  1888. 
do  Sdmort.,  18S8.. 

QBlarT  *  Toledo,  lit  mort.  1890 

UIlBoU  a  Bo.  lava,  lit  mart.. . 

Lafajeite.  Bl'a  a  MIm.,  ut  m. 

Ban.  a  Ceairal  Miaioiirl,  lit  m. 

PoklnXlncola  a  Decatur,  lit  m 

ICIn..  Lunette  a  Chic.,  lit  m. 

Del.  a  Hadion  Canal,  lit  m.,  Nl 
do  ia»l 

do  18T« 

Loaa  lalaad  RR.,  l«t  mort 

BoaOl  BMc,  L.  I.,  lu  m.  boDdl. 

Weatara  union  Tel.,  Utm.7i. 

lUa««IlaBaoaB  Ltat. 

tanktrtf  QwlaMofH.^ 


SKCUBmi 


Tol.. 
do 
to 
to 
to 


I  Wahaab,  let  m.  extend, 
do        tBlm.8t.L.dlr 

do       Mmort 

do       eqnlpm't  bda. 
do       eon.  conrert.. 


Baflaio  Water...' 

to     Park 

KbabaMi  Ctty,  daa  « 

-       "    ■» 

RavaikCttyla 

Onran 

FKankaapaia  Water 

BaSaaler  City  Water  bda.,  tS 
Toakita  Water,  doe  tm 

aAU,BOAoa. 
AlchlaoB  a  P.  Peak,  la,  (Old.. . 
Atlaotle  *  Padfle  L.  O.  fa,  (Id. 
Atcklaoa  a  Mebraaka,  8  p.  c. . . 
Bar.  *  Mo.  Btr.,  atock 

to        Laad  m.  7a — 

to       ldB.,tola.... 

to       MB.,to8a.... 

to        «h8..to)a... 

to       llhB..to»a... 

to        Mi8.,doaa.  . 

to     Creaton  Brmacb 

to   Charlton  Branch 

B«r..C.  R. * M.  (M . dlr.). (.  7a. 
Cairo  *  Pnltoa,  Itt  7i.  (old 
Calif orala  Pac  RB.  7a.  (old 

to  •a.l(lm..( 

Onato  *  toalfeera  lai  7a.  (old 
CWbal  raette^a,  gold.  conr.. 
~         '  ot  low*  tat  m.  7a.  (old 


lOi' 


lOi" 


MX 


IB 

II 


SSisrissjsii." 


■AU—. 

Z  Law.  *  Ual.  !■>  m..  Ma. 
Crmw.aB.  W.Sfcfld 

J  AlrUaeM 

iDo  a  P.  JrrTla  7a.  gold 

latlLKoM jv 

_M*Tezaa       gold.. 

n.>.*eoUlatja.  10*. 

to  '    to        do  u  m.  10a. 

B.  J.  Midland  lal  7i.  (old 

to  )d7ii 

It.  t7*  0*w.  Mid,  l«t  7a,  (Old. 
to  do        M  7a,  conr. 

to  Weat.  Kiwaalon  7a. 

6.  Baraa.  Mlddlet'n  a  w.Ta.. 
iMrK^atm.gold7i.uia_ 
40        Land  wanaiito.... 
PMit  I  ft  ' — • • —  °°  - 


asouBiTiaa. 


Oawegoa  Itome7B,  (u&r... 
Peoria,  Pekln  a  J.  lat  mort. 

PeorlaaKock  I.7a.gDld 

Port  Boron  a  L.  M.  7b,  gid,  end 

do  do    7b,  gold... 

Pollman  Palace  Car  Co.  Block. 

do        bds,  88.  4th  aerlea 

Rockrd.  R.  I.  a  St.  L.  lat  7B,gld 

Rome  a  Watertown7B 

Bontont  a  Oawetto  7b, gold... 

StouCltrAPaciflcta 

Sooth  Pacllc  <a,  gold 

aoBlhem  Minn,  conatroc.  Sa. . . 

do  7a 

St.  Jo.  *  0.  Bl.  lat  mort.  10a. . . 

do         do  8  P.O. 

St.  Jo.  a  Uen.  C.  SB,  (Id,  w.  D. 

do  do    8«,  gId.  E.  D.. 

SandnakT.  Mana.  a  Newark  7a. 
8t.  Lonla,  Vandalla  A  T.  H.  lat. 

to  do  2d,  guar. 

SI.  L.  a  So'eaatern  lit  7a.  gold. 
St.Uai.Mt.  (Ark.  Br.)  7b,  g. 
Southern  Central  of  N.  T.  7a.. 

l^nlon  a  Lqganaport  78 

Union  Paclnc,  So. branch,  6a,  g 

Walklll  Valler  lat  7a.  gold 

Weat  wiBcoDBin  7a,  gold 

Wlaconaln  Valley  8a 

SoBthern  Seenrltlea. 

iBrokera*  Quotaaoiu.j 
BTATaa. 

Taxaaetatota 

do       Xgold 

do      101,0(1884 

do      lOa,  penalon 

oiTiaa, 

AUaota,  Oa.,  7a 

do       Ba 

Aagtula,  Oa.,  7b,  bondi 

Ckarleaton  atoek  (a 

iharleaioo.  B.  C,  Ta,  F.  L.  bda. 

lolomMa,  8.  C  ia 

Jolomboa.  Oa.,  7a,  bonda 

Lnchborgla 

MaeoB  7a,  bonda 

ManphtaoM  bonda, (a 

do      new  bonda.  6a 

do      end.,  M.  a  C.  RR.  ... 

Mobile  ia,(coapa.  on) 

to     Ba,(conpa.  on) 

MoBtaoinery  8a 

Baahrbla  (a.  oM , 


XavOrieaaaSa.. 


to 
XortolkBa... 
Petaraborgda 
Blefemoad  ta. 


to 


ooaaol.  la...  . 

bonda,  7a 

gold  7a,  qnarterly 

to  VaUrbada.'lai 


7a,old 

to       7a,  new 

Wllml^toa,  N.C..6a,gold.... 
do  do     8a,  gold.... 

BAiLaoADa. 
Ala.aChsu.  IBt  m.ta.,  end.... 
Ala.  *  Trnn.  R.  Ki  mort.  7a. . . 
do         do         MmorLTa.... 

AUaatIc  *  Oolf ,  oonaol 

do  do   end.  BaTaani. 

to  do   atoek 

to  do      do    gnar... 

OarodlB  OMtral  lat  m.  la,  (.. . 
Caatral  Oaorgla  lat  mort.  Ta.. . 
to  tonaol.  m.  7*. 

to  HAck 

CharlotU  Col.  *  7»>  M.  Ta.. . 

to  do      atoek 

CharleatoB  a  Baraaaah  6e,  and 
SaTaaaah  *  Char,  lal  m.Ti... 

Cbarawa  Darlington  7a 

~    '  Tenn.  a  Georgia  6« 

Tenn.  a  Va.  ••.  rnd.  Tenn 

K.Taan.  Va.aua.lai  Di.7a,.. 
to  do        Block 

<T^'^Si<i::::::::::::: 

OraeBTllle  a  Cal.?i,  goar 

do  to  1a,certlt.... 

Maeoa *  BroBawtek  aBd.7f.,. 

MacoB  a  Waalan  aloak 

Maeoo  *  Aanauboada 

do  00      endoraad.. . . 

do  do      atoek. 

Maaiphla  a  Charlaaton  lat  7k.. 

do  do         ad7<... 

to  do         Block . 

MaaiphU  *  Little  Bock  lat  m.. 

MMafialppt  Central  lat  m.  78... 

do  adm.Ba.... 

Mlaataetppl  *  Taan.  lat  m.  78. . 

do  do    oooaol.  Ba. 

MoBtcomery  *  Weat  P.  lat  Ba. 

do  do  Income 

Beat.  *  Bofaalalat  Ba,g.  aad. 
oMIa  *  Mont.  8a,  gold.  end. . 

MebOa  *  Ohio  aterling 

to  do      do    ex  certlf 

do  do  Ba,  Iniereat 

do  to  ldBiort.aa 

do  do  Block 

n.  Orlaaaa  a  Jaeka.  lat  m 

do  do   eartlfa  la.. 

n.  Orlaaaa  *  Opeloaa.  lat  m.  8a 
MaahTllle*  Chattaooogaaa... 
Morfolk  *  Petenbnig  lal  m.  8a 
to  do  7a 

4o  do         Idm.Ba 

Hortheaatem,  B.  C,  lit  m.  8a, 
do  Bd  m.  (a.. 

Oraa«a  *  Alexandria,  lata,  6a. 
do  do  3da,  Ba. 

do  do  Ida,  Ba. 

do  do         4U>8.8a. 

Btchm'd  A  reterab'a  lat  m.  7b. 
Rich.,  Fre'kab'g  a  Polo.  6a. . . . 
do  do  oonr.7a 

Rich,  a  DaBT.  lat  eoBBol.  (a. . 
8oothalde.Ta.,l8tm.ai...  .  . 
do  1dm.,  goar.  6a 

do  8d  m.6a 

do  4lhm.Ba 

SoMhweat  RR.  Oa  ,  lat  m. 
B,  Carolina  RR.  lat  id.  7b,  new 

to  la 

do  7a 

to  etock 

Weat  Alabama  8a,  goar 

PAor  DDB  ooupoaa. 

TenoeaaeeSuuooapona 

Virginia  oonpona 

do      eonaol.coop 

Mampliis  City  conpooa 


100 
71 
«X 

as 

ii" 
*« 

12 
«B 

«■' 

7S 
M 

ao" 

30 

i66'" 

8« 

m 


lOO 
lOB 


a 
n 
a 
w 

io" 
ao 

75 
lOt 
H 
M 
BT 


as 

w 

7B 

7B 

N 

at 

100 
80 

Bl 

ta 

M 
Bl 

BB 


15fi 


THE   CHItONlCLE 


lAugust  14,  1875." ' 


NEW  YORK  LOCAL  SBOaRETIBS. 


Bank  Stock  List. 


CoxrANise. 


Marked  tlius  (■)  are 
not  National. 


America' 

Auerlcau  Exchange 

Bowery 

Broadway  .... 

Ball'D  Mead" 

Bat«her>  dt  Drovers . . 

Central 

Cbatliam 

Chemical 

CltUeas' 

Olty 

Commerce 

Continental 

Corn  Kxclianne* 

Currencv 

Dry  lioodB* 

Bast  River 

Eleventh  Ward* 

Fifth 

First 

Kourth  

Fulton 

Gallatin 

German  American*. 
German  BxchanKe'.. 

Ge.'inania*  

Greenwich* 

Granl  Central' 

Grocers* 

Hanover 

Uarlem* 

tmporters'  ft  Traders*. 

[rvlnv 

Island  City  

Leather  Nlanufactrt*.. 

Loaners'' 

Manuff.trers'*  Build.* 

Manhattan* 

Uauut  ft  Merciiants*. 

Marine 

Market 

Mechanics 

Much.  Bkg  Asso'tlon 
Mechanics  &  Traders.. 

Mercantile 

Herchants 

Merchants'  Ex 

Metropolis*  

Metropolitan 

Murmy  Hill*  

Nassau* 

New  Vork 

New  York  County 

N  Y.Nat. Exchange. 
N  Y.  Gold  Exchange' 

Ninth 

North  America* 

North  River* 

Oriental* 

Paclflc* 

Park 

Peoples* 

Phenlx 

Produce* 

Republic 

St.  Nicholas.. 

Seventh  Ward 

Second 

Shoe  and  Leather 

Sixth  

State  ofNew  York... 

Tenth ,. 

Third 

TraJesmen's 

Union 

■West  Side* 


CariTAL. 


Par  Amount. 


3,0i«.0W 
MXXI.UOU 

2sa,iwu 

i,oau,uoo 

aie^ioo 

e(iu,(XHi 

2,(I0U,UXI 
4SU,00U 

sao,iwo 

K'O.OUC 

i,oao.uxi 

10,000.000 

1,500,000 

1,000  000 

100,0011 

1.000,000 

350,000 

.'U),000 

uo.ooe 

SOO.UOu 
5  000,000 

600,000 
1  500,000 
lOOIl.OllO 

ai«,ocm 

200,0011 
800,000 
100,000 
300,C(iO 
1  000,000 
100,000 

1  50il,t«l 
"500.000 

101,0(0 
600.000 
500,100 
4-0,000 

2  050,000 
300,000 
100,000 

I.CIOO.OOC 

2,000,000 

500,000 

600.000 

1,000.000 

3.100,000 

1,000.000 

500,000 

4.000.000 

S'JO.OOO 

1,000,000 

3,000,000 

200,000 

500,000 

500,000 

l.SflO.OfO 

1,000,000 

400,000 

300,000 

422.70i 

2,000,000 

4'.2.!iOO 

1,8001)00 

2,'il!,000 

2,000,000 

i,ooo,oai 

800,000 

300.000 
1.000,00(1 

200.000 
2,000,0110 
l.OOO.OCO 
1. "00.000 
1,000,00' 
1,500,000 

200.00(1 


DiTIDCNDS. 


.J.  &  T. 
V.&A. 
.J.&.I. 
F.&A 
.!.&  J. 
J.&  J. 
.I.*.T. 
.I.&.I. 
M.&N. 
M.&N. 
M.&N. 
.I.&.J. 
J.&.I. 

,!.&  J. 
A.  &  O. 
M.&N. 

.r.&.j. 

J.&.J. 
,T.&.J. 
J.&  J. 
J.&.T. 
J.&.I. 
.!.&  J. 
.J.&.I. 
Q-F. 
,I.&.I. 
,!.&  J. 
J   &J. 

fV&a. 

F.&A. 
J.&  J. 
J.&  J. 
J.  ft, I. 
.I.&  J. 
M.&N. 
J.&  J. 
J.&.l. 
J.&  J. 
M.&N. 
I.  &.). 


la 

12 
12 
10 

7 

3X 


12 
10 


II 

10 
'.0 

7)4 
10 

9 


7 
12 
12 
12 
10 

7 

3X 


12 
12 

S 

8 

I' 
10 
10 

s 


uly  1.75... 6 
Feb.l2.'74.81« 
,la-.10,'75...4 
Aug.ll),-;5..5 
luiyl.'73..3X 
Jalvl,'75...f. 
July  ;,'75...4 
.Iulyl.'75...5 
May  1."!5....3 
May  i,'75.  ..5 
May  I,'75...1 
.lulyl.'75...4 
.Inly  1,'7S...4 
Iulyl,'75.3M 
,Jnly6, "la  ..5 
Apl  l.To.  .4 
May  lo,'T5..4 
July  1, '75... 5 
Jan.  2,'7.^...7 
July  1,'75.3>, 
Mav,  '73. ..5 
Jar,.2, '7'i...4 
July  1. '75  ..4 
.[ulyl,'74.3X 
Ju1t;.'75...6 
Auk. 2,75... S 
•lu  y  1,'75...6 
J  ly  1.'75...5 
July  1,'75.3X 
.Jnlyl8,'74.3K 
Feb.  ■«,  '75.  4 
Aug.  9,  '75.. 4 
.Ian  2. '75.. .3 
July  1. '75... 7 
July  l,-75...6 
Jan. 2,  75... 4 

"ay  10, '75 
,ran.2'7i.2Hg 
July  1,'75-.  4 
July  :.";.5...5 
.M  y  1,'75...5 
Jnlyl.'-5...4| 


140 
108>i 


lOOX 
■33 


180 
147 


Inanranee  Stock  List. 

(Quotations  by  K.  S.  BaiLXT,  broker.  65  Wall  street.) 


.1::. 


Gas   and  City  R.R.  Stocks  and  Bonds. 

[Quotations  by  Charles  Otis,  Broker,  47  Exchange  Place.} 


Gas  Companies. 


Brooklyn  Gas  Light  Co 

Citizens*  Gas  Co  (Bklyn 

do  certuicates 

Harlem. 

Jersey  City  &  Hoboken 

Manhattan 

tropotltan 

do         certificates 

do         b  n  B 

Mutual.N.  Y 

Nassau.  Brooklyn 

do  scrip .. 

New  York    

People's  (Brooklyn) 

do  do       bonds.  , 

Westchester  County 

C«rtlflcates 

Bonds       

Williamsburg 

do  8<'»^^ 


Par  Amount.  Periods 


Si-iecJctr  Sl.it  i'"«Wow/'err^— stock 

Ist  mortgage , 

Broadway  £  Seventh  .4oe— stock. 

iHt  mortgage 

Brooklyn  City— stock 

Ist,  mortgage 

Broadway  1  Brooklyn)— stock 

Brooklyn  it  Hunter' h  Pt — stock.. . 

1st  mortgage  bonds 

•Antral  Pk,  JV.  it  B.  River— stock 

'atmortgage 

la       do       

Christopher  dt  lenth  ,S'(rc«(— stock 
U  >neylHlaiifl  it  Brook'n — ist  nioi-t 
Dry  Dock,  E.  B.  it  Battery— stock 

Ist  raortjjage,  cons'd 

&tgh  th  Avenue — stock 

1st  mortgage 

42rf  St.  A  Grand  St  /> err y— stock., 

1st  mortgage 

Central  CroHS  7own~stock 

Ist  mortgage 

yinth  Aoenue-stock 

Istmortgage 

Second  Avenue — stock     , 

1st  mortirage 

2a  mortgage 

3d  mortgai/e 

Cijns.  Convertible 

Sixth  Avenue-  stock 

l>lt  mortgage 

7hlrd  Ave.uae— stock .. 

tit  ninrtKage 

'iwenly-lhira  Street— utocK 


2,000,000 
1,200,000 

SOO.ncO 
1,850,000 

386,000 
4,000,000 
2,:  00,000 
1600,000 

500,0(10 
5  000,000 
1,000.000 

500,000 
4,000,000 
1,000,000 

300,000 

466,000 

53,000  I 

■.^1,'00  ' 

1,000,000  I 

1 .000,000  I 


A.&O. 

F.&A. 
J.&  J. 
J.&  J. 
M .  &  S. 
M.  &S 
J.&  J. 


M 

ftN, 

<, 

-K. 

M 

*,  K. 

F. 

&A. 

.  &  J. 
J.&  J. 
J.&.I. 


Last 

K    (iivHleUfl, 


Ju'y.    '75 
July,*75 


May     In. 
July ,    '75 


July,  '75, 


5    |Jnly,   *T5 
7    ' 


■245 
lOij," 

295' 
156 
106 


100 
124 
102  >« 
lf.5 

98 

98 
100 


189 
102K 


Aska 


250 
152 


«00,000 

614,000 

2,100,000 

1,600,000 

2,000,000 

300,000 

200,000 

401,000 

3110,000 

1,161,000 

550.000 

600,000 

650  000 

307,000 

l,'iOO,000 

900.000 

1,000,000 

■203,000 

750,000 

220,000 

560,000 

200,000 

7*7,000 

167,000 

!,('99,500 

350,000 

200,000 

150,000 

399,500 

7.'iO,00f 

250,000 

2,000,000 

2,000,000 

600,000 

120.000 


J.&  J. 
J.  &  J. 
J.&D. 
Q-F. 
J.&  J. 
J.&  J. 

J.  &  J. 


F.&A. 

M.&N. 


J.  &  J. 
Q-F. 
J.&D 
J.&  .1. 
J.&  J. 
M.&N. 
A.&O. 


J.  &  J. 
ff.-F. 
J.  AD. 
F.&A. 
A.&O. 
.M.&N. 
M.&N. 
J.  &  J. 
Q-F. 
J.&  J. 
.T  &  J. 
M.&N. 


1880 
July,  75 

1884 
May, '75 

18T2 
July,  75 

"isss" 


1882 
1890 


1877 
May,  '75 


July,'75 


M;'y,  '75 
1873 


Julv,-75 

1877 

1876  ■ 

1885 
■  1888 
Mny,'75 

1890 
May,   "VS 

1090 
July.-TS 


71 
92K 

ios" 

160 
63 
85 


70 


85 

155 
100 
100 


96 


72X 


85 

ioo" 

H6 
100 
101 
100 


COHPAHIU. 


Adriatic 

.£tna 

American 

American  Bxcta'e. 

Amity 

Arctic , 

Atlantic 

Bowery 

Brewers' AM'lst'rs 

Broalway 

Brooklyn 

Citizens* 

City 

Clinton 

Columbia 

Commerce  Fire.... 

Commercial 

Continental 

Kagle  

Empire  City 

Eniporinm 

ExGiiange 

Farragut 

Firemen's  

Firemen's  Fund — 
Firemen's  Trust... 

(^ehhard 

German- American 

Germania 

Globe 

Greenwich 

Guardian 

Hamilton 

Hanover 

Hoffman 

Home 

Hope 

Howard 

lmporter8'&  Trad.. 

Irving 

.lefferson 

Kings  Co.  (B'klyn) 

Knickerbocker 

Lafayette  (B'klyn) 

Lamar..    ; 

Lenox 

LonglsiandCBkiy 

Lorlllard    

Manuf  &  Builders'. 

Manhattan 

Mech.&Trad'rs'. 
Mechanlc8'(Bklyn) 

Mercantile 

Merchants' 

Metropolitan 

Montank  (B'klyn) 
Nassau  (B'klyn).. 

National 

N.  Y.  Kqnltable... 
New  York  Fire  .. 
N.  Y.  &  ionkers. 

NIairara 

North  Elver » 

Paclflc 

Park  

Peter  Cooper.  ,  .. 

People's 

Phenix  (B'klvn)  .. 
Produce  Exchange 

Belief 

Republic 

Kidgewood 

Resolute 

Rutgers' 

Safeguard 

St. Nicholas 

Standard 

Star 

Sterling 

Stuyvesant 

Tradesmen's 

United  States  

Wf-stciicter 

Wllllamsbur^Clty. 


This  coiimu.  i,uuwa  lut  dlvluend  un  itoekt,  hIso  date  of  matarity  ot  iondt. 


Capital. 


Par  Amount. 


100 
50 

100 

100 
'20 
50 
25 

IOO 
25 
17 
30 
TO 

:00 

30 
100 

SO 

100 

40 

1011 

100 

SO 

5(1 

17 

10 

10 

100 

100 

50 

50 

25 

100 

'.5 

50 

SO 

100 

25 

50 

.50 

\» 

30 

20 

10 

60 

llXl 

•25 

50 

25 

100 

100 

25 

50 

50 

50 

80 

50 

50 

37K 

35 

100 

100 

50 

25 

2i 

100 
20 
20 
50 
ll'll 
50 
100 

lai 
100 

25 

100 

25 

50 

100 

100 

25 

25 

2i 

10 

50 


200,000 
200,l«Kl 
400.1100 
200,000 
2(0.000 
20t'.(X10 
■200,000 

a«,ooo 

200.0ifl 
200,000 
153,000 
900,000 
210,000 
250,000 
300,000 
200,000 
200,000 
1,000,000 
800,000 
200,000 
200,000 
200,000 
200,000 
204,000 
150,000 
150,000 
200,000 
1,010,000 
500,000 
2O(',00O 
200,000 
800,000 
150,000 
500,000 
200,000 
3,COO,000 
150,000 
500.000 
200,000 
200,000 
200,010 
150,000 
280,000 
150,000 
200,000 
150,000 
200,000 
300,000 
200.000 
•J50,000 
200,000 
150,000 
»0,000 
200,000 
300,000 
200,000 
200,000 
200.000 
210,000 
200,000 
200,000 
5(0.000 
350,000 
200,000 
200,000 
150,000 
150,000 
1,000,000 
■,!00,(  00 
■200,000 
300,000 
2001PO 
200,000 
200,(100 
210,000 
'.50,000 
200,000 
200,000 
200.000 
20(1,000 
150,000 
250,000 
■250.000 
'WO.OOn 


nvt, 

Jas.  1, 

l«iC.* 


DiTIDSKDS. 


1371  1872  1S7S  1871  Last  Paid. 


a,::: 

E4,1S» 
244,663 

68,766 
5,0!i5 

15,4!« 
106,636 
310,875 
7,721 
8«.',575 
!«!,4i: 

iW,894 
1M,907 

49,787 

»,i78 
iiS,eT9 
DM.aOi 
414/X9,-- 
11»,558  10 

2I,2£6 

92,615 

(4,133   .. 
105,654  10 

81Jt« 

91,940 

19,937 

398,751 
116,672 
325,224 
48.007 
128,796 
t329,[9i 
90,653 
t885,281 
29,741 
143,ll\2 
77,712 

'.4,861 
136,244 
174,6',2 
80,264 
121,317 

83,145 

79J6S 
169,447 

67,238 
115,712 
187,759 
315,753 
122,4:9 

50,008 
151,863 

36,755 
121,476 
234,314 

96,618 
3(0,985 
196,0(11 

20,529 
426,524 
iao,6('0 
350,139 
165,216 
211,544 
132,708 
636,-2'2! 

12,.  00 

43,051 
101,002 

58,877 

30,441 
191,749 

90.597 

61,403 
:2(,S06 

78,il>0 

71,077 
165,369 
153,9<6 
246,825 
tl62.560 
256.690 


11 
22 
10 
10 

8X 

io". 

10 
10 

io" 

10 
15 


3« 


10 
11 
1(1 
10 
■iO 
10 

(1 

15 
5  10 
10     10 

13  16 
10     10 

14  114 
10    110 


July,  "75.  .5 
JKn.,'7^..7 
.inly, '75. .8 
July, '75.  .5 
July, '75. .4 
.lU'y,  '75.  .5 
Jul5.*75..5 
(un.-,7.5.15 
;uly,*75.  ! 
Aug.,'75.1(' 
Juy, '75.20 
Ju1v'75..;o 
Ang.,'75.l(i 
July, '75.  :0 
July, '75.. r 
July,  "75.. 5 
July,*75.10 
July 75..  S 
July, '71.15 
July. '75  .7 
.iniy,  *75..5 
July, '75.10 
Julv,'75.7)( 
July, '75.. 8 
July,'75..5 
Jiily,*75..6 
Aug. ,'75. .5 
July,  "75.. 5 
July, '75.  .5 
Juiy.'75..i0 
Jan.,'75.25 
.July,  '75.  .5 
Julv,'75..!0 
J.ily,'75.  5 
Ju  y,'75..5 
July, '75.. 5 
July,'75..5 
July,'75...6 
July, '75.  .6 
Jnly,';6..5 
Mch.,75..5 
Jnly.'75.1( 
Jnly.  '75.10 
July,  "75.  ic 
July,",5..5 
July, '75.. 5 
July,  '75, 
July,':5, 
July, '75.. 5 
July,  '75. 
July,  '75.10 
.Inly,  '75.. 5 
Julv,'75..5 
July, '75.1(1 
July. '75.. 5 
Julv, '75.10 
Ju.  e,~5.10 
July, '75.. 6 
(uly, '7:..10 
Aug.,'75.10 
July,  75. 
Jnly,  75.. 5 
Apr., '75.. 6 
Ji.lv, '75.2) 
July,  71.10 
Jiilv,'75.10 
Ju  V,  75.10 
July,  75., 5 
July. '•:5..5 
July, '75,  6 
July,  75. 
Ju'y,  *75. 
Julv,  '75  .6 
AnK.,'75.10 
Jnly.75.7>, 
Auif.,'75..5 
Ju  y.':5.5.fi 
Julv,'75  7K 
Feb., '75  .5 
Jnly,  '75.10 
Julv,  ■75.10 
July,  75.. B 
Aug  ,'75.  .5 
Jny.  75.10 


Pbiok. 


150 


TO 

75 

■06 

210 

.'15 

■215 

165 

170 

, 

140 

■0 

115 

77 

t.5 

185 

115 

120 

•iM 

120 

97 
115 
140 
300 

90 
160 
lie 

90 
102 

165' 

r.5 

85 
170 
1S5 
180 
150 
100 
100 
loO 

90 
120 

no 

90 
190 

75 
175 
185 
110 
200 
170 


100 

iib" 


170 
115 

9.5 


180 

200 
140 


95 
195 

80 
1S5 
l'J5 
115 


95 
95 

110 
90 
185 


»  (Iver  all  natxltties,  incIndinK  re-'iisurance.  capital  :in<l  urn  or  sni  in 
tStock  dividends  of  25  per  cent  by  the  Hanover  and  Westchester,  and  2J  perc 
by  the  Home,  have  since  been  declared  out  of  above  net  surplus. 

CStr  Securities. 

[Quotations  by  Dakiel  A.  Moras,  Broker,  40  Wall  Street.] 


New  York: 

Water  stock l»il-63. 

do         1054-57. 

Croton  waterstock. .1845-51. 

do  do        ..1852-60. 

Croton  Aqued'ct stock. 1865. 

do       pipes  and  mains 

do       reservoir  bonds 

Central  Park  bonds.  .1853-57. 
do         do         ..1853-65. 

Dock  bonds 1852, 

do         1870. 

Floating  debt  stock. . . .  1860 

Market  stock 1865-68, 

Soldiers' aid  fund 1868 

do  do      1863 

Improvement  stock 1869 

do  CO     1869 

Consolidated  bonds var 

Street  imp.  stock' var, 

do         do        var, 

Npw  Consolidated 

Westchester  County 

Jersey  City: 

Water  loan 1852-67 

do       long 

do        1869-71 

Sewerage  bonds 1866-69, 

Assessment  bonds. ..1870-71. 
Improvement  bonds    ...... 

Bergen  bonds 1868-69, 

flrooArfwn— [Quotations  by  N 
Local  Improvement— 

Citv  bonds 

do        

Park  bonds 

Water  loan  bonds 

Bridge  bonds...  

Water  loan,  

City  bonds  

Kings  Co.  bonds .. 

do         do    

All  Brooklyn  bonds  flat. 


Months  Payable. 


Feb.,May  Aug.&  Nov. 
do  do 

do  do 

do  do 

do  do 

May  &  November, 

Feb„)(ay  Aug.&  Nov. 

do  do 

do  do 

do  do 

May  &  November. 

Feb.,May,  Aug.&  Nov. 
May&  November.  . 
do  dc 

do  do 

do  do 

do  do 

do  do 

do  do 

do  do 


January  &  July. 

January  &  July. 

do  do 

Jan., May,  July  &  Nov. 


January  and  Jnly. 
Besbs,  Jr,,  Broker,  2>s 

January  &  J  uly, 
do  tio 

•do  do 

do  do 

do  do 

00  do 

do  do 

MST  &  November, 
4o  do 


Bondsdue. 


1875-80 
1875-79 

1890 
188:1-90 
1884-1911 
1881-19(10 
1907-11 
1875-98 
1875-95 

1876 

1901 

1878 
1894-97 
1873-75 

1876 

1889 
1879-90 

1901 

1888 
1879-82 

1896 

1891 

1877 

1895 

1899-1902 

1872-79 

lS7r.-91 

1905 
1674-1900 
Wall  St.] 

1875-80 
1881-95  • 
1915-24 

1903 

1915 
19(r2-1i«lo 
1881-95 
1880-83 
1875-80 


96 

101 
96 

Ii'2K 
102>, 
.■.(•9 
lO^M 
9« 

102X 
97 
108 
10!  S 
107 
U2 
•■.01 
102H 
IIMH 
HO 
U'2X 
•10 
1  2 
106 

«6 
10; 
10« 
100 

iosx 

102 


WIS 

1(« 

lOl' 

:o;i)t 

108 

:c2 
11  Ik 

1('5X 
102 


97 
101 « 

S7 
103 

10s 
no 

108 

S17 

103 
9.^i 
110 
108 
110 
•.02X 
103 
IOS 
108 
112 
,03 
l')5 
113 
107 

98 

97 
!0« 
102 
101 
104 
lOSH 


108 

107 

llOS 

ill 

109)4 

1(3 

103 

106  Ji 

104 


Aogost  14,  1875.] 


THE   CHRONICLR 


157 


Jnuestments 

AKD 

8TATB.  CITT  AND  CORPORATION  FINANCES. 

The  "  laTMtora'  9applemeoi"  U  pabUahed  ngixUii\j  on  the  Imst 
Sktardar  of  each  moDth,  And  furoiahed  to  all  refroUr  sabaciibers 
ol  the  Chroxicia 

ANenjAI.    REPORTS. 

Geonrla  RailrMMl  k  Banking  Companr. 

(For  tJit  year  endiny  March  M,  1875). 

T\ta  tKra\ttg» 

tmmmtmtn.. 

heiaht 

**     aiail 

OpMatiag 

IT  I  ia<anWa«  in— nftitlna tatlttS  M 

■DtiT*  po«r«r ai>Ml  IS 

nMlLUos' eeot  wa* ,_ MS,OM  W 

«. «,B6S»- 


im.mr-m 


malBUBaree  of  can. 
Net 


mum  90 


The  axpeDaoa  ara  M  8-S  per  cent  of  tke  carnlona.  Tha  pro6ta 
of  bnainaM  ara  Vi  S-5  per  cent,  of  wbleh  there  baa  been  expended 
forostflt.  Ae..  flOS.TSd  19. 

The  Snperlateadeat'a  report  htd:  '  The  rrductiooaof  espeaa^a 
in  the  drpartaaat  of  eeadaeliac  tranaportatioo,  approsaiialea  the 
reduction  in  ^roaa  leeeipla.  while  thajadnetioa  »f  ••zpeoaea  in  tba 
motiTe  power  dxpartmant  hao  rathecMBeeeiled  the  rrducllon  in 
Kroai  rvceipta ;  and  tbia  is  an.  nntwitlflMKliiis  tbe  fact  that  <he 
mileaf*  aecoant  abowa  1,140 '3>I»  imlai  made  by  eoxtaea  doring 
the  Im(  year,  a^aiaat  l,l40.i>.Vi  milM  made  the  year  praTiooa, 
whtehptoveathata*  maeb  B^rvirt- waa  partorme't  in  1874  and '5 
loaarB  9injB77  78  hae  than  wa«e«raadl«  1873  anl  '4,  witb  aiwot 
the  aaae  mllae|»,  wUeh  ia  erideDceol  Iha  fact,  that  our  ralaa  of 
traosportatioo  have  been  loo  loir  for  |b*  laal   year  ;  and  to  tbia, 

ibdSd^  tb 


more  than  *ny  other  laet,  ia  aurib 


tbe  falling  off   in   net 


*      *      *     **  In  rpila  of  the  uofaTonble  dreaii>alaa«(a  of  laat 
year,  tiie  tut  imatm*  of  yoMr  road,  Mfear  paylas  and  dednetiac 
|tOS.730  IV  for  MfdMlMrf  mUJU,  &e.,ma  aoScteot  to  i>ay  iatenat 
OS  tbe  boBded  dek*  pr«p«r  of  the  (ieoifta  lailroad,  and  aboat  7^ 
par  cent  oo  the  capital  atoek,  wlilioul  lelerrlDK  to  any  other  aoaree 
of  inepme  which  the  roapany  m^y  have  had  :  but  a  large  amoaot 
of   tbe  mad'a  levaaiM  had  to  U-   oaad  in   paying   Intercat    on 
endoraeoMMla  lor  other  roada  aod  other  liabllitica,  and  it  may  be 
that  tbeoompaay  eommeBe»l  |i«ying,iieoa  after  the  war,  rather 
larger  dlrideoAi  thaa  wamadrimblemriar  tlu  etremmttantM  Hum 
triMinff,  aad  hafct9  the  war  dama,;«a  to  tha  nxd  bad  been  fully 
lepalrMl.    The  opinloo  of  tbe  Prnidaat  oa  that  aal.jeet   will  be 
well  rroelleele<l,  bal  in  the  oeMlr  oeadltioa  of   the   ■toekholdera 
nf:-T  ;)ie  war  the  beard  found  rrry  HMMg  reaaooa  tor  a  dapartare 
;•  r.  1 1. at  Tioiley. 

'  liaae  lately  made  Id  eoMjaMtioo  witb  the  Oeorgia 
(■  ad.  aad  toiatagreemrnt  with  that  conpaay   fo'  tbe 

iiuki..>.. .... ..;  of  the  Waatero  railroad  oi  Alabama,  it  la  hoped,  will 

proTe  adraataitooaa  l»  both  eampaolaa,  aad  limtn  the  btu^kmt  ol 
yoar  road  in  thai  dlrertaa." 

•aaaauu.  aatiaaca  naaar  SAaoB  H.  ttn^ 
Dr. 

Tbr  nad  Mil  iiaoeiai M,UCOte  (• 

R..I  «^ai=  for  road      HOMt  ** 

R«l»ut« 1M*T1»-      UfMMM 


•  M»«ae*< 


Tula  ks State af<>eor|ia 

Atiacaajrafaaaaadeeata 


Stock  iCaak.  CtatL  A  St.  Uato  laiiwaj 

**  Raaa  tai  lead  eaaaaar 

■■  AtlaalaAWaa(MMialkaa4eDii'i-<' ' 

"  Claergla  tTaatara  rat  wad  0».. . . . 

~  Hatoe  M  A^aaM  laWiaaSOe  .  .       ...  .. 

-  BailtaaataAiAar.  n&aMAauaaMMpOa 
"  5rw  Terti  A  Seatt  riliMia  mmmtVlft... 

■aa«i  Macea  A  SiaaawtO  lataadcn  ....U«~.. 

**  Kaat  Traa  A  Oaanra  mUfeed  Ce 

■*  Waalara  of  Ala.  mBnat  Oa .Miu.. 

••  BaUwIaC-oaaiy .^  ... 

-  Cnyof  Maeaa. ,V,  ..„ 

**  fort  Royal  lailread  Cb. . .     .  , 

"  City  ad  Alhaas 


a,iw,avi  IS 
ii.ns  « 
II.IM  n 


7»jn»m 


n^istfls 

•t.MSW 


lleuet 


IO» 

t  failraad  Ce.  of  Ala 


Msseo 


m,«7«M 

— 1« 


inaaaA  Aanala  rallnad  fl«,. 

I  oaitiik   ■..■■*.*.",'..' 
at 


SMMtt 


TUM« 


UlKWfT 


no^Mi  •? 


Mt.7«IOO 
SfJMM 


■msBa 

Id^ait  *T 
MSM 


M.tntt 


•i>,*st.iai«i 


Capital  atoek... 
rrodiaw*  leaa 
larewi  t.f  roeil 
DtrMaad  on  ». . 
latwaal 


t1 


4i,1VI  « 

ttJOt  77 

4tSI0 


da  el  tkM  compaay, 
Cayaid dlftdaada    ..  . 


4M^«Sin 


MMM« 


Doe  toother  corporailaDs,  Ac 

Completion  ot  Macoo  A  Aug  railroad. 

Banknote $116,078  40 

I,eaaonlian£  S«,»57  « 

TraoapL  offlce  change  billa 1,390  00 

LeMOUtuum $88  85 


$1,071  69 
71,000  OO 


78,715  13 
46S7S 


fitSght' 


Macon  &  Aiigasta  Railroad. 

axcBirra. 

andmall t»8,iei  M 

it 77,18*88 


80.178  88 
t6,S31,7S«  43 


Total  eamlnga 


(ns,450  7g 


■iraiiaaa. 

For  oondnctl"K  tnuuportatinn t*3,797  09 

"'  motive  power 80,43166 

'•  mainiananev  of  w«7 47.781  S8 

•*  maintenance  of  can 1,8S!I  40— 103,364  00 

Netprodu : tlt,C86  *t 

Chicago  DaaTille  &  Ylncennes. 

{JteMieer'i  Report.) 
When  Oeneral  Adoa  Andeiaon  wat  appointed  receiver  by  the 
United  Stair*  Circait  Court  he  was  directed  by  the  Court  to  pre- 
pare a  f^ueral  nutemeul  of  tbe  affaire  of  tlie  coiupauy.  He 
reoentlr  Sled  in  Chicago'  an  elaborate  report,  wbicli  waa  quoted 
at  len^h  by  tbe  Int'r-Oetan  of  that  eity,  and  from  which  we 
extract  tbe  following : 

rmiBBS  Dear. 

Bjrpoth-       Held  bj 
Sold.  ecaled.        ReceWr.         Tnttl. 

Ptntmefl(Bge,Dl.  DIrialon.... 11,900,000  ...         $S,S00.00l} 

Ptiataertai«a.lad.  DItUlon..   l.ttAOOO      fVT.noo       ...  l,IMri.00O 

Seeoad  anrtvwe 170,000         786,000         >4S.OOO         1,000,000 

Ckattai  manai«a 986.000         64.000        t.oco.ooo 

Total $a,*n,ooo  ti,«n,iK»     sia»,ooo     toiooc.ooo 


PLOATUle    DOT. 

For  opantlBc  the  road    

For  eoaatractloa 

For  ralila<  ala^ 

aomx  aoaaowBB. 

Onrda*  ooepoaa 

Qt>h  l"aM,  New  Tork 

Caah  loaaa.  Chio^u 

Ontdian  Ooaaatdal  National  Baak,  ChicafO.. 

~         '   '     >ta^  Bart  A  Co..  Chtcaco 

itton  paper,  H.  Crawfocd,  CUcafo... 

Total  

•amiBT  Aoootnrra. 

Jaddoe  A  Trnuc/ 

a.  J.  Walkir.  anua. 

lalaraat  oa  (S.  1.  Walker)  raal  aatale  ootaa. .  ... 


.    «t,88sn 
.  srt^sn  40 

.  |tt,tSS  44 
.   U9,SS4  67 

.     74,684  88 

wr  80 

1,086  II 

..      6,000  00 

.*4W,606  80 


.....  tS88,SS6  10 

6,180  78 

1,80800 

TeM  •a88,»>6  88 

Sam  total  of  ladabtadsaM tI,tSi,84B  06 

ROLUnO  STOCK. 

Ia  regard  to  the  claim  of  the  Hinckley  Loeomotlve  Worka  fora 
fffi/Ul  06  for  Bto  locomotlvea  delivered  on  tbe  road  io  tbe  Fall 
ol  1873.  at  an  average  price  of  $13,500  each.  Tbia  price  ia  very 
high,  the  aagiaea  are  unaalted  to  tbe  buaineaa  of  the  road,  and 
the  reoaiver  caanot  recommend  that  any  effort  be  nnaile  lo  retain 
them.    . 

In  regard  to  the  contract  with  the  Indiana  Block  Coal  Company, 
he  adviace  that  it  be  forfeited.  He  la  alao  of  the  opinion  that  ihe 
contract  witb  Sebnil,  of  York,  Pa.,  for  225  luuv  at  $7U0  each,  with 
10  par  cent  intareat,  la  exorbitant, aa  anch  atock  can  l>e  purchased 
for  $S75  to  fOOO  each.  Aa  the  road  cannot  carry  out  tbia  eon- 
ttael,  ke  leeommends  that  Mr.  Sehall  be  granted  parmlaalon  to  re- 
lake  the  eara  under  lila  lien. 

ACCOUNTS  AXD  FU>ATIXO    DEBT. 

On  the  hooka  ol  tbe  Chleago  Danville  A  Vincennea  Railway 
Company  in  Chicago  are  thiea  acooanta,  with  balances  to  their 
credit  as  follows: 

88.  Ja^aoa  A  Taaaaj •••JS!  1" 

M.  It.J.Walkaraolaa         8,160  76 

tl.  laiansl  ua  (S.  i.  Walkar)  raal  aslata  Bolaa 1.800  00 

Telal •MS.mTm 

Tk«  Ueas  of  9S68,&80  10  la  f^vor  of  Judson  ft  Tenney  repre- 

aaala  accoaala  for  building  tbe  road  by  J.  E.  tfouog  A  Od.  since 

IMS. aad  as   tbe  creditors   have   signified   tbeir    willingness  to 

iceaiTw  p^y  lor  any  balancea  la  the  capital  stock  ol  tbe  company, 

he  diiea  not  therefore  reheard  Jadaon  A  Tenney 'a  aecoant  as  a  cash 

U^falUlij^The  claims  of  $6,100  75  on  Samuel  J.  Walker'a  paper, 

lSrffflSSa\a  intereat,  the  Oeneral  thinks  are  of  doubtful  value, 

and  eonacquently  have  not  been  reckoned  aa  caab  liabilities. 

Should  U>e  arrangemeota  with  the  Hinckley  Locomotive  Works, 

tWlodiana  Block  Coal  Company.and  Miebael  Scbail  be  cancelled, 

the'  actual   eaab   floating  indebtedqeaa   due  and  unpaid  July  81, 

187S,  will  stand  as  follows : 

Oa  oparatlac  aeaoanU • •*I^j??  ?? 

eoatniMkoaaecDaBU.... .........      W-fW  10 

415,606  80 


Oa  reoatracuoa  aecoanU 
oa  roUlDc  alocfe  aceoaala ....-, 
Oa  a<.Bay  k«««>wad  accoania 


Total t«8.14»Il 

Doe  aftw  Aacaat  1,  I87S,  with  paymenta  doe  axtandlng  to  Doc.  «.  .,„  ,^  ^ 

,na |10«.l)e6  «9 

tdd  aiiaal  dna  prmlrrr  T  /ii'r  f1 768.149  « 

Total $841. 184  SO 

Certain     portions   ot    tbia   indebtedneea  are  secured   by  the 
hypothecation  of 

Flr»t  Mort«ac«  Indiana  DlrWoo  bonds •SI-9S5 

FIni  mart  as*  bnoda .J • iSJS? 

Okattal  aaortoc*  Ix""'' ' ssOiOOO 


Total  booda. 


%Vr,f.^ 


168 


THE  CHRONXGLK 


[August  14,  1875. 


KATIONAL  THUST  COMPANY. 

'i'be  only  itum  relatiVti  to  this  case  appearing  on  the  bookn  of 
the  Chicago  Danville  &  Vincenncs  Kailroad  Company  is  a  charge 
of  $6,829  26,  for  cash  paid,  at  sundry  times,  from  Nov.  16, 1874,  to 
January  9,  1875,  by  the  Chicaiio  office,  upon  drafts  made  by  the 
New  York  office  of  the  railroad  company. 

The  receiver  says,  however,  that  when  the  funding  scheme  was 
proposed  in  November,  1873,  the  National  Trust  Company  held 
298  first  mortgage  bonds,  which  it  had  secured  at  85  cents  on  the 
dollar.  The  National  Trust  Company  was  opposed  to  the  funding 
scheme,  and  certain  persons  connected  with  it  issued  a  circular  to 
the  bondholders,  recommending  them  not  to  fund.  The  railroad 
company  then  consented  to  buy  back  the  bonds  at  the  same  figures 
paid  by  the  Trust  Company,  with  Interest.  A  settlement  was  then 
effected,  and  the  railroad  was  found  to  be  in  the  Trust  Company's 
debt  to  the  amount  of  |31, 982  53.  This  sum,  however,  included 
a  $10,000  loan  made  to  the  railroad  company  by  the  bank.  This 
balance  was  secured  by  a  pledge  of  bonds  and  mortgage  for 
$50,000,  given  by  Judson  &  Tenney,  and  the  Trust  Company  was 
satisfied  and  withdrew  their  opposition.  The  item  of  $6,829  26 
was  a  part  payment  on  this  indebtedness.  The  bank  has,  how- 
ever, subsequently  treated  the  $253,300 — the  amount  paid  by  it 
for  the  bonds  originally — as  a  cash  draw,  and  should  this  arrange- 
ment stand,  that  amount,  with  the  balance  due  in  the  $31,982  52, 
must  be  added  to  the  floating  indebtedness.  The  receiver,  how- 
«ver,  states  that  the  officers  of  the  railroad  were  not  endowed 
with  the  power  to  so  involve  the  road  with  the  National  Trust 
Company,  and  the  amount  claimed  by  the  Trust  Company  is  for 
these  reasons  omitted  from  the  items  of  cash  liabilities. 

The  receiver  says  that : 

In  the  summer  of  1873,  it  is  stated  that  Joseph  E.  Young,  as  the 
general  manager  of  the  Chicago  Danville  &  Vincennes  Railroad 
company,  executed  a  large  amount  of  accommodation  paper  to 
Samuel  J.  Walker,  which  was  negotiated  and  sold  by  the  latter. 
Much  of  this  paper  has  been  paid  and  taken  up  by  Mr.  Young, 
leaving  now  outstanding,  as  he  represents,  about  $140,000,  and 
the  receiver  believes  this  statement  to  be  substantially  correct. 
Several  suits  have  been  brought  against  the  railroad  company, and 
are  now  pending  in  the  State  Courts  of  Illinoi-f.  The  company  are 
defending  the  actions  upon  the  ground  that  Young  had  no  author- 
ity whatever  to  execute  such  paper,  and  that  it  is  not  liable 
thereon. 

In  the  year  1872,  S.  J.  Walker  sold  to  J.  E.  Young  a  large 
amount  of  real  estate  in  the  City  of  Chicago.  Young  executed 
his  individual  bonds  for  the  purchase  money  at  an  average  term 
of  five  years,  with  interest,  payable  semi-annually.  The  aggregate 
amount  oi  such  bonds  is  stated  at  about  $500,000.  All  the  bonds 
were  secured  by  a  trust  deed  upon  the  real  estate,  and  it  is  also 
claimed  that  the  President  of  the  railroad  company  officially 
guaranteed  the  payment  of  the  bonds,  principal  and  interest.  It 
is  also  represented  that  on  the  18th  day  ol  February,  1874,  Walker 
and  Young  entered  into  another  contract,  in  writing,  by  the  terms 
of  which  Walker  agreed  to  surrender  the  bonds  to  Young,  upon 
*  a  re-conveyance  of  the  property  to  him,  and  thereupon  to  cancel 
the  contract  of  1872. 

The  books  of  the  company  furnish  no  evidence  of  either  the 
contract  of  1872  or  ^8X4^,  and  the  receiver  cannot,  from  the  data  at 
hand,  give  a  more  detailed  statement. 

FONDKD  COUPONS. 

The  coupons  of  all  the  first  mortgage  bonds  are  due  semi- 
annually, oil  the  1st  days  of  April  and  October. 

On  the  Ist  of  October,  1873,  the  railroad  company  failed  to  pay 
the  coupons  then  due,  and  two  propositions  were  suggested  for 
funding  the  overdue  coupons,  under  which  the  following  bonds 
were  issued  : 

Convertible  lecond  mortgage  bonds $58,000  00 

OertiflcatoB  of  indebtedness 341,900  OO 

Scrip  certiicates 8,4T9  93 

Total ...$409,379  93 

Ou  which  the  semi-annual  interest  (3i  per  cent.)  is  $14,3  ?8  30 
gold. 

The  railroad  company  paid  the  coupons  on  the  above-mentioned 
second  mortgage  bonds  and  certificates  of  indebtedness  to  Feb. 
22,  1875,  except  $3,167  77  in  gold.  The  total  amount  falling  due 
August  Ist,  1875,  was  $14,328  30  in  gold,  which  the  receiver 
considers  must  be  paid  to  save  the  credit  of  the  railroad,  and  he 
filed  a  petition  with  the  couri  asking  leave  to  pay  the  same. 

ENTRANCE  INTO   CHICAGO. 

The  line  of  this  company  ends  at  Dalton,  about  twelve  miles 
from  Chicago,  and  it  was  compelled  to  enter  the  city  on  the  track 
of  the  Pittsburg  and  St.  Louis  Railway.  In  November,  1871,  a 
lease  was  given  for  ninety-nine  years  with  no  provision  for  ter- 
mination, the  rental  being  about  $65,000  per  annum.  In  July, 
1874,  the  company  made '  another  lease  with  the  Chicago  and 
Southern  Railway,  as  they  were  of  the  opinion  that  their  accom- 
modations for  entering  the  city  were  not  sufficient,  by  which 
they  agreed  to  pay  a  rental  of  $22,400  annually.  This  lease  was 
also  for  ninety-nine  years,  with  no  provision  for  termination,  and 
the  road  now  finds  itself  in  a  condition  requiring  it  to  pay  a 
monthly  rental  of  $5,000  in  gold  for  the  rent  of  both  these  leases, 
and  also  about  $2,000  for  the  wear  and  tear  of  the  two  tracks. 
In  futnre,  however,  it  will  only  pay  <or  the  track  actually  used, 
as  an  arrangement  has  been  effected  to  that  effect. 

THE  CAPrrAl  STOCK 

ia  as  follows : 

Tsaned  toj.  K.Tonng  A  Co.,  account  of  constmctlon $2,600,000 

Issand  to  J.  S.  Young  &  Co.,  account  construction  and  equipment, 

Illinoia  dtvision 96.600 

Issued  to  J.  E.  Tonng  &  Co.,  expenses  (andlng  conpons Oei'OO 

ToUl I 


ROAD  OPERATED. 

The  length  of  the  road  now  operated  is  as  follows: 

In  Chicago,  leased— Pittsburj;  Cinclnimli  and  St,  Louis  Railway I 

I  hicBgo  to  Junction,  IcuBcd— Chicago  and  Southern  liailrnad 26 

Junction  to  DanvUle— Chicago  Danville  and  Vincennes  Raliraad 105 

Total  distance  Chicago  to  Danville 132 

Junction  to  Dalton Srallr-sl      *- 

Bismarck  to  Coal  Creek  (Snoddy's  mills)  Indiana  division 34  miles  f    •" 

Total  track 1B8 

ROLLING  STOCK 
is  composed  of  the  following  cars,  &c. 

Locomotives 34  I  Box  cars  290 

Baggage  cars 4  |  Stock  cars 38 

Mall  cars 81  Coal  cars —  .  740 

Passenger  cars 7| 

GENERAL  CONDITION. 

The  rolling  stock  generally  was  out  of  repair,  and  requires  largo 
outlays  to  be  put  in  condition  for  efficient  service.  The  main  road 
was  originally  well  built,  except  that  temporary  wooden  structures 
were  often  used,  some  of  which  have  been  replaced,  but  many 
still  remain.  The  track  is  generally  in  fair  order,  and  will  require 
only  moderate  outlays  to  keep  it  through  the  year.  The  Indiana 
division  was  fairly  built,  with  the  exception  of  about  three  miles 
of  the  most  difficult  and  expensive  portion,  where  the  grading 
was  left  in  an  unfinished  state,  and  also  a  few  hundred  feet 
adjoining  the  town  of  Covington,  where  an  unnecessary  and  absurd 
"crook"  was  made  in  the  line,  and  likewise  the  piers  of  the 
Wabash  river  bridge,  which  are  built  of  wood  filled  in  withstone. 
The  receivers,  Hammond  &  Brown,  commenced  and  continued 
work  for  several  weeks  on  the  unfinished  section,  but  it  has  been 
suspended.  A  further  outlay  of  $10,000  to  $15,000  will  be  requir- 
ed to  complete  it,  after  which  an  engine  will  be  able  to  haul  one-^ 
fourth  to  one  third  more  cars  than  is  now  possible,  thereby 
increasing  in  that  degree  the  efficiency  of  the  motive  power.  The 
work  should  be  commenced  again,  and  prosecuted  to  completion 
as  soon  as  practicable.  The  road  is  not  fully  supplied  with 
stations,  but  they  can  be  made  to  answer  for  the  time.  The  shops 
for  repair  of  locomoiives  and  cars  are  at  Danville,  and  will  be 
sufficient  for  the  purpose,  when  fully  completed.  A  store-house 
with  oil  tanks  and  office  room  is  very  much  wanted,  as  great  waste 
and  loss  now  occur  from  the  exposed  condition  of  supplies  for  the 
shop,  the  engines  and  the  cars.  A  steam  pump,  with  hose,  is  also 
needed  fir  protection  against  fire.  Many  thousand  dollars  worth 
of  valuable* property  is  exposed  to  quick  destruction,  with  no 
adequate  means  provided  for  guarding  against  it.  A  partition  is 
needed  in  the  car  repair  shop,  to  protect  painting  from  dust  and 
cinders,  and  a  floor  is  required  in  part  of  the  shops,  to  protect  the 
work  and  workmen  from  mud  in  wet  weather.  These  items 
will  cost  $4,000,  and  the  receiver  asks  authority  to  have  the  work 
done. 

EARNINGS  AND  INTEREST. 

For  the  year  1874  the  earnings  of  tbe  road,  as  shown  by  the  books 

of  the  company,  were $746,063  93 

And  the  operating  expen&es 414,418  13 

Net  earnings $330,615  75 

The  gross  earnings  were  at  the  rate  of  $4,869  70  per  mile  of  road. 

The  interest  account  for  the  same  year  on  bonds  sold  and  con- 
tract obligations  of  the  company  were  as  follows  : 

$3,743,000  first  mortgage  bonds,  7  per  cent  gold $262,010  00 

f  170  000  second  mortgape  bonds.  7  per  cent  gold    ,, 11,900  00 

$935,797  76  rental  Pacific  Central  A  SI,  Louis  Railway,  4  p.  c.  gold.      37,431  91 

Total $3n,.341  91 

Add  premium,  12>f  percent 38,915  74 

Amount  in  currency $350,259  65 

Add  rental  Chicago  fi  eight  station  grounds 3,784  00 

Total $a.'S4,043  65 

Net  earnlnga  as  above 380,B15  75 

Deficit $i3,427  90 

With  the  total  amount  of  first  and  second  mortgage  bonds 
issued,  the  annual  coupons  Will  be  : 

»1,000,000  first  mortgage,  7  per  cent  gold $280,000  00 

$1,000,000  second  mortgage,  7  per  cant  gold 70,000  00 

Total $350,000  00 

Premium,  say  12  per  cent 42,000  00 

Total  in  currency $392,000  00 

Add  rentals  lestimated),  ir  eluding  use  of  tracks  of  other  roads . . . .      48,000  CO 

Total  mortgage  and  contract  Interest  (currency) $440,000  Oq 

The  above  does  not  include  interest  on  the  chattel  mortgage 
bonds. 

TRAFFIC  OP  THE  ROAD 
is  the  transportation  of  coal.  The  present  year,  like  the  preceding 
is  of  almost  unexampled  depression  in  most  branches  of  business 
upon  which  the  consumption  of  coal  depends.  From  the  inex- 
haustible supply  of  superior  quality  for  all  manufacturing  and 
heating  purposes  in  the  region  tributary  to  the  southern  ter- 
minus of  the  road,  the  comparative  ease  and  economy  \rith  which 
it  can  be  mined,  and  the  facility  for  transportation  to  Chicago 
and  all  parts  of  the  Northwest,  the  receiver  believes  It  practicable 
in  a  year  of  prosperity  to  increase  the  ewnings  from  50  to  80  per 
cent,  over  those  of  1874, 

General  Anderson  will  shortly  file  with  the  court  his  report  of 
the  business  of  the  company  since  his  taking  charge,  and  this 
statement  wUl  be  of  much  interest  to  all  parties  concerned. 

California  Railroads. 

From  official  reports  made  to  the  State  authorities  for  the  year 
ending  Dec.  31,  1874,  we   have   obtained   brief  statistics  of   the 
^Iroads  of  California,  and  furnish  below  such  as  are   of  any 
uteregt  to  readers  ol  the  Chboniclb  : 


AngOBt  14  18  6.1 


THE  CHEONIGLE 


159 


Vombcr  of  IoomioUtm  . .  11 

Kanber  of  can  tor  p**- 

i«oe«r  tnlD« M 

C«n  tor  fnixh^  aad  COD- 

•tnxctioD  crmias S32 

T<Ms>  raralnK* tl.OH,0M  14 


CAUrOENIA  PACIFia 


Co«t  of  raal.bndlDg«,^. 

Cmt  of  Mupownt 

Dtdwcami 


SBBb«r  of  loeaaotiTai. . 

8aa«  phnra 

KamtMT  of  tan  for  ft- 

Mnor  timlBt 

I  lor  freight  aad  cod- 


.  $1.1M.00S  7t 

CEJTKAL  PACIFia 


l,nM39M 
m,«K  89 
AmnoDt  dw'campknj.. .       tT0.4Sl  II 
Caplul  sta^jMidnp....  11,000,000  00 
lodcbtediMM  of  Co.  on 
bonds.  Mtn  aad  per- 
sonal aceMOta. l,Sn,60B  44 


MB 


«T 


DlTidcod  paTmenta  ($S 

p«r  thut) $l,TlS,m  GO 

Cott  of  niad.  boUdinca. 

jtc IBMtSilOO  M 

Cosi  or  cqaipiDent. 6JQa,(88  SB 

AmoontdMthaOo. 6,«lSi«n  OB 

Capital  Mook paid  op  ...  H,n3>X)  00 
Ii>aebi«d>aiof  tha  com- 

pao7  M  kooda,  noiaa 

and  paitaaal  aeooonta.  M,nB,3M  SS 


Can 

MmcUMi  trataa CUT 

Total  aaralaaa,  eoia tl.*llkSi  £ 

Total  aanlBc*.  n.B.  car.    S,3H.1»  «B 
CparatlBt  azpciiaaa  and   ._^,^_ 

laxca (,1110,141  M 

8ACSAJUHTO  TALLST. 

mualMT  af  loeoaaotiTW «IOptTatlat«^a»««a* 

Bnabar  of  an  for  paaaoi-  I  Coat  of  rati.  bnUdlaK*.  Ac. 

garmlaa g       •  - 

Ckn  for  fralf  kl  aad  coo- 

Knetlna  ualBa H  I  Tuial 

IM.aarqg'a  from  all  ioanca.   tUB,>M  I 

80DTHKRX  PACTTia 


tl^,««8 

lncradlat*4>ip<''>^'<  ^-  l.ltT.BBI 

Caplul  AkpUd  np Mt.MO 

-      ... «»,«0 


ibarof  IriioaullTaa. 
•r  can  to*  paami- 


Chra  for  IMcbt  and  coa- 

(tractkn  tralaa *Tt 

Unm—tatam    $1,BM,t*» 

OlioaCl  aanaaia  *  taaaa.    ~ 


r  of  kxaaaotlTea. 
abarof  cara  for  paaaaa- 

tti  Imlaa 

ITS  tar  frrlfht  and  oe^ 
akacUoa  Inuaa 


STOCKTON  AMD  COPPI 


Co<torrg*<,taI]dlBca,  Actll.BIX  6S4 

Cuatof  c^kBaat...  (B,TM 

Toe  aaa4|Mi*idM  eoaip'y  114>a.iM 

A^2i3Bsiss^-  M  •^*'*^ 

AflK>aot  WVaaovaaaaaa  of 
mcipaar  «■  boada  and 
pcrxioalBMBritka lS,SOa,»l 


Oroaa 
Opcrai 
Coat  of 

Caultal 
Total  II 


OENERAIs   IKVESTMBNT    NEWS. 
AtUatJe  k  OrMt  Weiteni.— The  Rewifw'B  MoovaU.  aa  fliad 


with  the  Cooit,  ahowed  the  (ollowlng 
m»d  JiabanrmmtB,  laelodiiif  thoae  oo 
iIm  f oar  moBtlw  aad  M  days  Iidd  Dae. 


fntm  all  aoartea, 

'■  aeeoant,  for 

toAprUM,  1875. 

$iJH.ai7 

«...••..  .     i.*it,ooi 


lAptoa rra.«i4 

wbleh  fa  Batjcet  to  a  dadoetloD  of  f28/>0l  (or  additlooal  vsp«adi- 
tana  mada.  The  dlabufaemeota  lni-ln<ti>  fU8,7Vl,  paid  la  Tariooa 
•oma  oo  aeeoDDi  of  the  rental  of  tbp  <'l«««laad  ft  Ifahoolng  road 
Tbia  WB8  paid  OD  the  rmul  of  the  CIvraiaBd  ft  MahoDlni;  oolj 
aad  doea  not  iadade  tha  NUaa  ft  New  liibeo,  or  tha  Liberty  ft 
riaaaa. 

BmrllmfUm  M  SMtkwwteni.— A  difpatcb  to  tha  Chleace 
THbvn*  Tnm  Dea  Moinaa  tara :  It  la  oaderatood  that  thv 
BarlioKton  ft  Sonthwaatan  railroad  matter  baa  been  aeltled.' 
Ora.  S.  B.  Baker,  receiver  of  the  I'aitM  Blatae  Orcalt  Coart  in 
Iowa  and  If  laaoorl,  and  Mr.  KIttorIck,  rnwivw  ol  the  State  Conn, 
(or  Io«a,  are  to  naign.aod  Elijah  Siuiib.  «f  Boatoa,  ia  to  take 
poaaeaaion  of  the  whole  road  for  the  benaib  <€  the  fiiat  iiion(af  e 
Doodbotdera  and  otbrra. 


CUiforala  ft  OrwfOB— CcaHtorfelt  btaia.— An  attempt  waa 
■ade  to  paaa  fifteen  oaatwfalt  booda  of  Ihia  eompapy.  tbia  wrrk , 
which  waa  fortaaauly  fnulraud.  and  Bopa  or  all  of  lh>  (ailty 
partira  were  arraMad.  Tweotj  booda  In  au  hare  tbna  tmr  baaa 
found,  an  !  It  ia  aaid  that  ther  admitird  havtac  Bade  80.  thonyh 
•<  pat  oat.    The  nava  haa  tha  faUowiag  deaerlption 

••  rfelt: 

-to 


eaasaSEESaa.  h 
tawaata<  ika 


ftaptaUweraeotaadlMilBba  ntaacfcad.  (aaataH 
to  Ike  datalla  of  Um  naaattaa  ea  Ihe  ikfta  mSMI 
leaatbeaarliaraadUitflnaaaorifeakaSL    BrSa 


wttaeaac'  of  tb* 

prfadpal  aad  lai'^cat, 
rr.aadtbayb 


llTAiiiWBiflnaefa 

VwdfatnSdiyw 


ISSfSSS. 


la      _ 

lie 
ttaeooatarf^t 
Mtaot    ~ 


ibay 

wNheaaaftba 

ralaaakaf  Plata  waa  a* 
taawal  of  faer  pn*tt  in  iba 
erihaaaaatarfatta.    Tb' i^' 


bvMMCaatral 
'  'dabtoftba 


tbala 

•  aapatw  aa  a  wedaL 

.  Ja  ttaftsaaaa ea  the 

afttebedyaf  Ike  boada 


l*1fB«ttr.anaB*batlar  la  Ike 
-  dahci  b  tba  aaw  lack  e(  paaan 

aaoaTar  laart  bar*  Iwea  aa  ifantaat  ••f 


la 

.  ^aaa  kMac  earalaaalr 

<kla  r*a  ba  nil  aa  lad  lar%  Ikal  tb« 

gnmrraraa  ka  via  tklllfal  wllb  Ma 

Tka  carataa  lak  wtik  wbiek  a  ^>onu.n  of  ika  kodr  of  tba  boa<i  la 

idl«T(nbrtabtlalbagaaalae,aodnr*<lallbtlafeeiior  le  tka  esaaief- 

Tk«(il4adMlDalka1mrw1«ri-Ki    •   .raw  of  «|e 

bftekiw  bead  la  tka  aeaalOTfr  t    <ii*a.  ta  ma 


^Bnialalsd  laa<>«  so  wad  a*  Ika 
•felMlat  bi  ktaft  lak  Ckia*1ar. 
^ba«a.'r«  Ike  prtMlMbaMP  a* 


tka  aoaotarfell  tba 

.  aitee  la  la  capttaU, 

aa  whick  tke  eooatar- 

~  Iba  a»t€*  of 

batweaatkageaalDe  aad  tba 


'idtbMX*"Tka 

iBWUjf  t  -he  annual   naetlnir  In   St.  Thomaa, 

*••  teeaaOT.  H  «  !,«t  a  )»Tjt  proportion  of  the  floatinjf 

wo.>ad  iDort«a^e  booda  at  75,  tboa  eloalnff 
"  '<ad  baaa  troablemma. 

'  jBonday— flaalod  (  "'  vill  ba  raeelred  aotll 

^' .      t  1875,  at  anaa.  (or  f    tha  booda  of  the 

A>i>.  ;  V.  rktcr  (ommlaaiooeia  of  .  ..,  -.  Detroit,  to  be  delW- 
'  •  '*ed>  .i<i  for  nn  the  lat  day  of  S.>pt«oibar,  1875.  The  bond* 
•■»«<;  -li.Boorii  i>  .1,  of  fl4(X),  vri'l  rnititra  la  W  yaara  from 
•Mr  date  (Jane  1,  1876).kad  bear  interaat  at  tba  imto  of  7  par 
"■■»  nar  aiuam. 


Detroit  Hillsdale  &  Indiana. — The  parties  who  bought  thia 
road  at  the  foreclosurn  sale  have  reorjfsnize'i  the  company  ander 
the  name  of  Detroit  Hillsdale  &  Soulhwestern. 

District  of  Columbia.— The  recent  annoaaci<ment  that  it  ia 
lllpgal  for  a  eavioi^  bank  of  New  York  State  to  invest  any  of  ita 
funds  in  3.G5  bonds  of  the  District  of  Colambia,  wa«  based  npon 
the  writtA  opinion  of  Deputy  Attorney-General  Faircbild.  In- 
vestments are  only  lesal  when  made  in  "  obligations  of  the  United 
States,  or  those  for  which  the  faith  of  the  United  States  is  pledged 
to  provide  for  the  payment  of  the  interest  and  principal."  While 
the  United  Statea  has  made  certain  arrangements  toward  provid- 
ing for  thoae  bonds,  this  opinion  decides  that  it  has  not  pledged 
ita  faith  for  the  payment  of  principal  and  interest.  Mr.  Ellis  baa 
f  irwarded  a  copy  of  this  opinion  to  every  savings  bank  in  the 
State,  and  has  issued  instructions  that  investments  in  the  stock 
referred  to  must  be  immediately  recalled. 

Erie. — The  proceeding  of  John  Livingston  to  set  aside  the 
election  of  the  Erie  railway  directors,  was  called  before  Judge 
Westbrook,  in  Supreme  Court,  Chambers,  this  week.  The  peti- 
tioner did  not  appear,  but  on  his  behalf  a  request  was  made  that 
the  ca«e  be  adjourned.  Judge  Westbrook  said  he  had  granted 
one  adjoamment  when  the  petitioner  had  jo  legal  excuse,  merely 
to  oblige  ooansel,  and  would  not  grant  another.  The  motioa 
moat  Im  denied  absolutely. 

Laalalaaa  Boads.— In  the  CHBONici.Bof  July  81,  a  dispatoh 
from  New  Orleaos  was  quoted  statipg  that  the  Supreme  Court  of 
the  State  had  decided  in  favor  ol  the  constitutionality  of  two 
iaaoea  of  the  Levee  bonds,  but  against  the  (1.000,000  Issue.  Tha 
flrat  alatement  waa  correct,  tat  the  latter,  which  waa  sent  in 
privato  tolegrama  to  iwnkers  in  this  dty,  was  partly  erraneous, 
aa  the  Goart  did  not  reach  the  caae  involving  the  latter  bonds,  and 
probably  will  not  paaa  on  it  before  November.  This  issue  there- 
fore aSmply  remains  under  injunction,  and  can  not  now  be  funded. 

Maeooyin  CoimtTf  IIL — A  special  telegram  to  the  Chicago 
TyStunt  aaya : 

The  Board  of  Snperviaors  of  Macoupin  County  held  a  meeting 
in  thia  city  to-day,  (Aug.  8  )  and  by  a  unanimoiu  voto  submittM 
the  iollowing  ooupromlae  to  l>e  voted  upcn  8eptoml>er  11  :  "  The 
original  booda  iaaued  for  the  parpoae  of  building  a  Court-house, 
amoontlng  toover$l,W)0,UOO,  shall  be  funded  at  73  cenu  on  the 
dollar  by  iasaing  new  bundu  to  run  twenty  years,  bearing  0  per 
eeotiotoreet;  a's}  5  per  cent  of  the  taxea   shall    t>e  applied    to 

yaying  the  principal."    The  compromise  was   Brst  suggeatod  by 
adge  David  Davis  of  the  Supreme  Court.    It  will  be  carried  by  a 
larKe  majority. 

■arietta  Pitl<ibnrg  ft  aereUnd.— This  railroad  haa  gone 
iato  the  hand  of  a  rrcriver.  O.  J.  Wnruer,  Preaident  of  the 
road,  waa  appointed  receiver. 

Manville  ft  Lexington.— Under  a  decree  of  the  United  Statea 
Ctrealt  Court,  thn  United  Statea  Marahal  will  sell  at  public  sale 
In  Mayaviile,  Ky.,  August  31,  the  Bfayaville  ft  l.iexinglon  liail- 
road.  Northern  Division.  The  sale  will  include  the  road  from 
Mayavllle  to  l>aria,  49.6  mileo.  the  franohiars,  real  aatate,  d«Bota, 
ahsps  aad  other  property,  and  the  eqnipmeat,  which  oonsiata  of 
thraa  aaniaeo.  tour  poaaenger,  two  bacgage  and  mail,  nine  box, 
tweoty  eoal  aad  flat  aad  a  namber  of  hand  and  rubbU  cara.  Of 
the  pnrchaae  naoey,  $35,0iiO  muat  be  paid,  in  gold,  at  once,  one- 
thlni  ol  the  balaaee  in  80  daya,  and  the  rest  in  three  equal 
Inslaliniatt.  la  S,  U  and  18  montha.  The  porehaaer  must  give 
mod  b(Mdaaadpay7pereenLiatoreakoa  the  deferred  instalments, 
Uw  Oban  lolalaiag  a  lien  aniil  the  porebaae  money  Is  paid  In 
falL  All  claims  against  the  company,  to  aliare  In  tha  proceeds  of 
the  Bale,  moat  b'  prcaented  to  il.  P.  Whitaker,  Commissioner,  at 
Ua  olBea  la  Covington,  Ky.,  on  orlwfore  Augtut  29. 

Heir  Orteaaa  City  Bonds.— In  regard  to  the  statement  in  tha 
Cnuwicui  of  July  S4lh,  raapeeting  the  laaae  of  the  city  wharves, 
we  have  a  oommuniottion  from  Mr.  J.  O.  Landry,  Administrator 
of  C^aBBkaiue,  ia  which  be  statea  that  in  that  community  "  the 
ooaTloHna  la  geoeral,  tlut  in  the  mattBT  of  the  wharf  leaae,  the 
aettoa  of  the  Conocil  haa  been  eminaDtly  wise  and  proper  and  that 
the  raaalt  will  justify  their  most  aaagtiiae  expectations." 

Aa  to  facta  Mr.  Landry  statea  that  the  yearly  average  income 
from  wharves  is  not  in  exseaa  of  $S8S,000,  and  says  :  "My  reporta 
of  the  wh>rf  revenues  tor  the  firat  six  months  of  1879,  $94,931 
61100,  givee  na  $189348  32-100  for  the  entire  year.  This  falling 
ofl  haa  been  piegreealve  for  some  time  paat  and  atill  continues." 
And  aa  to  tha  tannaof  the  lease,  "  the  leaaee  aasamea  all  the  wharf 
'.labllitlMAyk^dty ;  specially  aaanmea  and  liquldatea  $688,000 
uf  whaltlHiraiid  proviJea  for  the  intereat  thereon ;  aaanmea 
the  narmcot  of  $80,000  due  certain  boata  under  a  dscisioo  of  the 
n.  ^Supreme  Court ;  agreea  to  make  the  dty  a  monthly  cash 
payment  of  twenty  fivo  hundred  dollars  ($3,500)  daring  the  tofm 
of  the  leaoe  to  cover  the  expense  of  police,  lights,  Ac.,  and  further 
agree*  and  oontracta  to  built  and  repair  such  wharves  and  lapd- 
(oga  aa  may  ba  designated  by  the  AdministratorB  of  Improvementa 
aad  Commerce  and  the  City  Snrveyora." 

Tbe  total  liabllitie*  on  thaie  Beveral  accounts  are  made  aa 
follows:  j 

Wkarf  bonds    J > tan.OOO 

latarealalT  S-lOO par eaat (ivs payqanta) 'U-'JS 

Staamboat  dala.  .T       - 80000 

PB»«aBtloattTnenoa.*c.»t.500p«rmonai,<«vayaan) IBO.ouo 

Coal  of  ImaadUa  repalra ISS'SSS 

Kavaln$UI,aiBpar7Mr(l<>orT<'n) "".OOO 

$1,411,388 
Mr.  Laodry  oays :  "  From  this  it  appears  that  the  dty  will,  in 
fact,  derive  aa  annual  revenue  from  the  wharves  of  $282,271  60- 
100  for  the  ensaing  Are  years  and  will,  at  the  expiration  of  that 
time,  liare  thia  property  reatored  in  BOoh  condition  aa  to  meet  all 
the  leqniramanta  of  Cmnmeroe." 


160 


THE   CHRONICLE 


[August  14  1875, 


M0W  York  Kingston  &  Syracnge.— The  name  of  the  re- 
organized company  is  the  Ulster  &  Delaware  Railroad  Company. 
Northern  Pacific. — The  sale  of  this  road  in  foreclosure  was 
made  yesterday ,  12tli  inst.,  in  this  city.  The  sale  included  the 
road  with  all  the  Company's  franchiseB  and  property,  except  the 
lands  which  have  been  patented  and  certified,  and  which  will  be 
sold  hereafter  on  00  days'  notice.  The  only  bid  was  fhat  of  Mr. 
Johnston  Livingston,  chairman  of  the  purchn^ing  committee  ol 
bondholders,  who  purchased  the  road  for  $100,0U0,  the  amount 
fixed  by  the  decree  under  which  sale  was  made.  It  is  stated 
that  bondholders  to  the  amount  of  $34,000,000  out  of  the  whole 
$80,000,000  have  assented  to  the  plan  of  reorganization  which 
will  now  be  carried  out.  This  is  known  as  the  Livingston  plan, 
and  we  take  the  following  synopsis  of  it  from  the  Triune  of  to-day  ; 

It  providcfl  tlrst  for  the  appointment  of  the  PtirchasinK  Committee,  which 
U  (o  ae«urou  the  nianacemcnt  of  the  road  pending  the  election  of  a  new  Board 
of  l>irec.tor«.  It  provideH  that  no  ai*(»c!fBment  whatever  Bhall  he  levi^  d  upon 
Uiu  boudlioldcra ;  hut  that  all  coats  of  pui-chaee,  expent*eH  of  foreclosure,  etc.. 
shall  he  paid  out  of  the  a^geta  and  income  of  the  company.  The  length  ol 
time  within  which  bondholders  may  join  and  participate  In  the  benefits  of  the 
purchase  of  the  property,  is  hift  to  the  discretion  of  th»?  Fur-hasing  Com- 
mjttee.  Th  ■  object  of  the  new  orKauizatlon  is  to  convert  ihe  7.S0  bonds 
(w'hh  h  are  those  of  the  morlguge  just  foreclosed)  Into  preferred  stock,  by 
addinj:  the  interest  to  the  principal  of  the  bonds  at  eiglit  per  cent,  per 
annum  from  July  1,  1873,  the  (late  of  the  last  payment  of  Interest, 
to  and  including  July  1.  187  .  This  will  give  the  stockholder  $1,400  of  pre- 
ferred stock,  for  every  $1,000  bond  thai  he  uolds.  The  stock  is  to  be  entitled 
to  dividends  up  to  8  per  cent  as  it  is  earned  after  July  1,  1878.  The  preferred 
stock  Is  to  be  convertible  at  par  into  any  lands  owned  or  to  be  owned  by  the 
company  east  of  ihe  Missouri  Kiver  in  Minnesota  or  Dakota.  These  lands 
now  amonnt  to  nearly  8,000  000  acres.  The  proceeds  of  iheir  sales  are  to  be 
applied  to  the  ptir'-.hase  of  preferred  stock.  The  common  stock  is  not  to  be 
entitled  to  divldi-nds  until  8  per  cent  per  annum  is  paid  on  preferred  stock, 
and  it  can  have  no  voting  power  until  after  July  1,  1878.  For  the  construction 
and  equipment  of  tlie  rontl  the  issue  of  first  mortgage  bonds,  not  to  exceed  an 
average  of  $25,000  per  mile  of  road  actually  cmpleted  and  duly  accepted  is 
provided  for.  These  bonds  are  to  be  a  first  and  paramount  iien  on  the  whole 
road,  including  its  equipment,  lands  and  franchises,  but  subject  to  the  rights 
of  ihe  preferred  stock,  until  any  default  is  made  in  the  provisions  of  the 
mortgage. 

Judge  Shipman  had  previously  so  amended  the  decree  of  sale 
that  for  the  present  the  company's  lands  granted  and  conveyed  to 
it  by  the  Government  cannot  be  sold  tor  the  reasons,  as  alleged, 
that  a  large  part  of  the  lands  has  not  been  surveyed,  and  cannot, 
therefore,  be  distinguished  trom  the  public  domain.  No  deed 
has  been  given  to  the  company  of  the  part  of  the  land  which  ha-« 
been  surveyed,  and  in  case  of  sale  the  company  could  not  give  a 
valid  deed  to  the  purchaser. 

Peoria  &  Bock  Island. — The  receiver's  report  for  the  month 
of  June  has  the  following: 

DISBURSED. 

Expended  for  snpplies 5,209  2I> 

For  cross-ties 718  30 

For  foreign  roads 2.807  8! 

For  re-building  coach  1,154  24 

For  pay-rolls  and  labor 9,9413" 

For  sundries 2,180  63 


ToUI $21,611  33 


RECEIPTS. 

June  I,  cash  on  hand $9,161  02 

Reieived  since  of  local  ai^tnts 

and  conductors lB,b07  01 

Received  from  foreign  roads    5,063  14 
Received  for  sundries 356  07 


Total $31,387  24 

Balance  on  hand.  July  1 $9,875  41 


The  court  entered  an  order  allowing  William  Hilliard  $3,50T) 
on  account  of  his  services. 

aJTockford  Rock  Island  &  St.  Lonlg. — The  sale  of  this  road  in 
the  foreclosure  suit  of  the  Union  Trust  Company  was  to  have 
taken  place  in  Chicago  on  the  10th  Inst.,  but  was  postponed  till 
Monday  the  16th.     The  Inter  Ocean  says : 

Judge  Trumbull,  representing  the  Union  Trust  Company,  and 
Mr.  A.  Osterberg,  the  airent  for  the  German  bondholders,  present- 
ed a  petition  to  Judge  Drummond  and  asked  for  it  postponement 
on  the  following  grounds: 

1.  Tliat  there  is  a  combination  which  will  prevent  competition 
and  result  in  the  sale  of  the  property  at  less  than  Its  real  value. 

2.  That  it  is  the  intention  of  the   German    bondholders,   repre- 


sented by  their  agent,  H.  Ostorberg,  to  the  amount  of  $4,000,000 
or  $5,000,000,  to  bid  upon  said  road  at  said  sale,  but  that  in 
corresponding  with  the  committee  representing  said  bondholders 
in  Frankfort,  Germany,  by  telegraph,  some  confusion  has  arisen 
as  to  his  instructions,  which  prevents  his  bidding  intelligently  at 
this  time  ;  that  he  expects  to  l)e  able  to  bid  for  said  property  in 
case  the  sale  is  postponed  for  a  short  time. 

St.  Lonis  Kansa.H  City  &  Northern. — A  dispatch  from  St 
Louis,  Aug.  10,  said  "  the  bt.  Louis  Kansas  City  &  Northern  railway 
leased  the  road  running  from  Ottumwa,  Iowa,  to  the  Missouri 
State  line,  a  distance  of  48  miles.  The  road  is  owned  by  the  Cedar 
Rapids  railroad  company.  The  lease  is  to  run  for  20  years,  at  an 
annual  rental  of  $22,>'i()0.  The  same  road  has  also  leased  a  branch 
running  from  Centralia,  Mo.,  to  Columbia,  a  distance  of  23  miles, 
at  an  annual  rental  of  $7,000." 

Stockton  &  Copperopolls. — The  bondholders'  protection  com- 
mittee (B.  Levi,  A.  tJoetze-Rlgaud,  S.  Raunheim,  Dr.  D.  Sauer- 
lauder  and  J.  L.  WiescUe)  issued  a  circular  in  Germany,  dated 
June  26,  which  announced  the  following  arrangement:  Every  old 
8  per  cent  bond  for  $1,000  is  to  be  exchanged  tor  a  new  .5  per  cent 
bond  for  $500,  interest  payable  half-yearly,  and  the  principal  in 
30  years,  the  payment  of  both  interest  and  principal  beiug  guar- 
anteed by  the  Central  Pacific  Railroad  Company,  whose  indorse- 
ment will  be  made  on  every  bond.  The  Central  Pacific  lias  been 
the  lessee  of  the  Stockton  &  Copperopolls.  The  committee  report 
the  circumstances  which  led  them  to  approve  of  the  contract 
finally  made,  and  aftrr  referring  to  the  fact  that  the  road  has  now 
no  prospects  lor  business,  they  say: 

"Under  such  circiinislances  we  thought  it  advisable  to  strengthen 
and  take  advantage  of  the  disposition  of  the  Central  Pacific  Rail- 
road, at  first  only  very  slightly  disposed  to  rent  the  Stockton  & 
Copperopolls  Railro.id,  and  to  induce  it  at  the  samx  time  to  under- 
take a  guarantee  in  favor  of  the  bondholders.  This  seems  to  us 
to  have  succeeded  completely,  and  though  on  account  of  the 
condition  of  the  affair  forbidding  the  attainment  of  greater 
advantages,  we  will  be  able  to  confirm  to  you  only  a  materially 
reduced  claim  ;  on  the  other  hand,  we  have  the  satisfaction  of 
delivering  to  you  bonds  of  the  known  position  of  the  irreat  Cen- 
tral Pacific  Railroad,  whose  security,  according  to  all  human 
foresight,  rests  on  tne  best  foundation." 

Syracuse  Northern, — This  road  was  sold  at  auction  in  Syra 
cuse,  N.  Y.,  July  31,  under  foreclosure  of  the  third  mortgage  o 
$200,000.  The  sale  wag  subject  to  the  first  mortgage  of  $.500,00( 
and  the  second  mortgage  of  $400,000.  It  was  bid  off  for  $240,001 
to  Mr.  Marcellus  Massey,  President  of  the  Rome  Watertown  & 
Ogdensburg  Company.  The  mad  is  45  miles  long,  from  Syracusi 
to  the  Rome  Watertown  &  Ogdensburg  at  Sandy  Creek. 

Toledo  Peoria  &  Warsaw  Railroad. — A.  L.  Hopkins,  re 
ceiver,  filed  his  report  in  tie  United  States  Circuit  Court  for  thi 
months  of  June  and  July.  The  following  statement  shows  th 
receipts  and  expenditures  by  him  from  June  2  to  August  ! 
inclusive  : 


RECEIPTS. 

To  balance  cash  on  hand $S0,647  0 

To  amounts  received  from  local  freight  accounts  for  the  montli  of 

June 119,482  f 

To  amounts  received  from  the  same  source  for  the  month  of  July. .   116,979  9 

Total $287,109  0 

EXPENDITCKES. 

By  amounts  paid  on  local  freight  aconnts  for  the  month  of  Jtme.  .$100,127  S 

By  amounts  paid  on  same  accoants  for  the  month  of  July 120,579  1 

Balance  cash  on  hand  66,402  4 


Total $287,109  3 

The  report  was  referred  to  H.  W.  Bishop,  the  Master  in  Chan- 
cery. 


RAILROADS  OP  PENNSYLTANIA. 

The  following  table  has  been  compiled  from  the  State  report  upon  railroads  for  the  year  1874,  a  copy  of  which  we  have  receive 
from  Hon.  J.  F.  Temple,  Auditor.  The  figures  given  in  each  case  are  for' the  whole  road,  and  not  for  the  part  in  Pennsylvania  onb 
and  it  follows  Irom  this  that  the  totals  do  not  represent  at  all  the  railroad  statistics  for  that  State  ;  thus  the  whole  capital  and  eari 
logs  of  the  Erie  and  Lake  Shore  &  Michigan  Southern  roads  are  embraced  in  the  tabi e,  although  but  a  small  part  of  t'aese  roac 
lie  in  Pennsylvania.  As  to  the  individual  roads,  however,  the  statement  it,  interesting,  and  furnishes  statistics  for  a  large  number  • 
railroads  concerning  which  no  other -information  is  obtainel.  As  to  any  errors  or  discrepancies  in  the  figures,  if  such  should  I 
discovered,  the  readers  of  the  Chronicle  are  reminded  that  the  table  as  here  given  is  simply  compiled  from  the  official  report. 


NAKI  or  OOHPANT. 


Total* 

amount 

now  paid  in 

of  capital 

stock. 

• 


Allegheny  Valley 

Allentown 

.  Atlantic  &  Great  Western 

Bachman  Valley 

Bald  Eagle  Valley 

Barclay  Ci;al  Company 

Bedford  *  Bridgeport 

Bellefonte  &  Suow  Shoe 

Berks  County . 

Buffalo  Bradford  &  Pittsburg 

Buffalo  New  York  &  Phi  ladelphia  . . . 

Baltimore  Philadelphia  &  New  York. 

BeirsGup 

Oatasauqua  &  Fogelsville 

Catawif  sa  ^ 

Chartiers 

Chester  Creek , 

Chester  Valley 

Chestnut  Ilill     

Cleveland  &  Pittsburg 

Colehrookdale 

Cornwall 

Columbia  &  Port  Deposit 

I  Coming  Cowanosqno  &  Antrim  .... 
I  Cninberland  Valley 


Total 
amount 
now  of 
funded 

debt. 


$2,256,400 

58.S,744 

34,671,548 

6«,742 

550  000 

1.0011,000 

357,22- 

600,000 

194,716 

2,J8e,(iOO 

1,691.150 

16,414 

200,000 

426,900 

4,359,500 

645,970 

186,000 

871.900 

120.6.60 

11,230,950 

47,215 

800.000 

208,172 

1,600,000 

1.777.S50 


$17,461,000 


67,220,892 

45.000 

436,900 

16,SO0 

1,000.000 

99.000 

1,600,0011 

683,000 

2,972,600 


Amonnt 

now  of 

floating 

debt. 


Cost  of  road 

and 
equipment. 


$6,761..322 

687,009 

3,888.971 


54,955 
'  328^761 


200,000 

1,V40',350 
«IO,000 
185,000 
500,000 


5,006,500 
586,700 


1,060,000 
'  358,800 


1,195,199 
14,818 
15,000 


9,»29 


52S.00O 


Is 


177,391 
'  i'88,40i 


$24,636,756 

1,078,4.38 

81,245,071 

113,190 
1,050,000 

622,600 
1,414,779 

458,181 

1,7.39,257 

2,869,000 

6,690,747 

48,233 

320,814 

742,156 
6,126,500 
1,129,991 

370,000 
1,371,900 

!  20.650 
16,2.^9.017 

667,094 

423.616 
1,244.776 
1  900,000 
1.818,32:j 


as 

.5 -a 


242 

4-50 
388-02 

9 

.6119 
16-23 
38-70 
21-20 
43-25 
25-50 
120-65 

8-40 
20 
94 
22-80 

7-25 
21-50 

4-12 

167 

12-80 

7-47 

6 
63 
82-20 


Receipts. 


Pasaragers 


18-60 

35-78 

2-60 

l6-50 


5  SO 
4  50 


1  75 
11 


$515,497 

1,216 

925,9.38 

1,222 


6,468 


6,712 
18,154 


14t,788 


2,010 
6,272 


45,664 


Freight. 


$1,901,585 

1,625 

3,738,242 

9,509 


38,511 


65,2S9 
27,117 


40,.361 
73,789 


Total. 


$2,479,176 

3,0-22 

4,838,257 

11,431 


46,060 


274,398 
4;j,271 


Total 
expenses. 


$1,629,720 

3,768,162 
7,450 


82,478 


63,358 
35,654 


20,813 


589,406 
8,644 


56.368 
20.3.876 


2,200,928 

5,519 

66,815 

'  258,587 
;<69.495 


580,665 

'43;4i5 
90,539 

71,086 


2,887,564 
9,415 
56.815 


412,581 
603,510 


393,822 

28.691 
49,909 


52,571 


1,388,464 
"26;  133 


S85.743 
274.260 


5^  on  praterr^;  ,^JK  ce^ts  on  ild  preferred,  and  22  cent*  on  commoB  stock. 


A.uga»t  1.,  l'.75J 


THE  CHI10NI0I.R 


161 


HA1LH«'AD!«    or    PBWWI8Vl.TAWIA.-<l«n«loned. 


Kua  oKOoBFAirr 


CoiuMrttBC. 

Chwlar  A  Dttowar*  Rtrer 
DuTlllc  Ouletoa  A  Wllkcaban*. 
I>«:a«*r«  *  aadaoB  Ckaal 
DeUwmra  L4etowuM  *  WmIkb.. 

DUItbnrx  *  McekuMatarg 

Uandrk  AU«Kbetir  r«D«r  *  PUub. 

BwtMafeuioy  

KaM  PeoWTlTaal* - 

Btaaabon  ACraMoa 

Bmlf»AWillU«t>ni». 

Sfto....... ■••.■•  .«>•»•■«■•••- 

Brt«APlli«bw( 

■MtBniadTop    

■d|V«uad - 

Kantta  CMUtT 

rraakfard  A  Holi 
Baaurar  JaaeUoa  A  Soaqi 

llaaoTtr  Biaaca 

BanWk.  Pbrlaa.  ML  Joy  A  lAacaal*! 

lUmabari  A  PotoBac 

Booar  Ouiiuaa  A  Saaqoakaai 
Uanilagdoa  A  Bn   *~     " 

jflmniA  iriaaklla  ... 

JcCOToa 

Jataar  Man  Ptaa  Cnak  A 


t  Broad  Top  Moaaialn. 


Laka  Bhon  A  MIcbltaa  iXMlkara.    . 
Ia»raal»  A  BadUf  (aanvw  Baaga) 

Lamaaca 

LaUkkAUckawEBBB.. 

Lablall  Val.sy. 

Lcwlatiarx  <.VcU«  A  Bpraea  Craak 

UtUi:  -aw  Mill  Boa 

LlUlraUjwn     . 

Utile  .tcbBxiklil  HaTti^tioa......  ' 

Ljrkaaa  V*ji«r ...«•■ 

LaawMUltla  A  Krantaaa. 

Uaaato  Valaji    

Lak'gkAKaalan 

M-Kaaa  A  aeCalo 

MlfBIa  A  Caaus  CDoatj 

MIU  Cnrk  A  Hlaa  Uitf    

M IM  BUI  A  fldn*  Ikffl  Bsfaa . . . . 
Maaai  tMrtoa  A  Part  Ctokea. . . . . 
Moaa»  riMiaal  A  Bwad  Faid. .  . 

Moaai  Alio 

MaMyOraak 

Xoaaa^iMa  ladlaad  Flaa* 

Moairoaa • 

Mooat  UllTar  tacllaad  Plaaa. 


Na-qa*aaalac  Vallaj 

Xaw  CaaUa  A  Baaw  Tallay 


Nawry 

Narikani  Caaoal    . 

Nottli  UMaatHaala. 

XawOHdaA" 

kaw  OMiia  Kallraad  A  MlBlMi 

Xank-BM  PaaaajlaaMi 

O I  (kaak  A  Altuiimj  Bmr.. 
Pwfear  AKaraaClir... . 


MatfatualMfyA  P 
■^WkaatTdMaraa  A 
^^WMtaaaytnala.  . 

■^■m  ^^aaa. ., 

taaaaagu  Tallar  A  All 

Tiapk , 

Traactow...      

'ftroaa  A  CiMrtaia 

ITataetowB  A  Waat  Vlifiak. 


Waat  CkaMar  A  fWladilphi 


Wa.t  Cbaatar  A  PkmlSTlll 
*>>"••■«  Pl««»»a««  A  BwilaMiv 
Wtteos  A  BamM  flill  bii 
WUalactoa  A  RaadlBc 
Wllariaclaa  A  Waalara 


fatal.. 


Paaaajlfaala 

P«a»7l«aala  Caal 

PaaaiyHaawA  Dilaaaia 
Paaaajriaaala  A  X.  y.  Caaai  A  kT  C\ 

Paaaijlaata 

Farktomaa 

PkiMripMa  A  nalUaHm  CaaUal  .. 

P«l«dfl|>bUAIft* 

Pklla.  itanaaaittwa  A  .Hailaaawa.. 
Pblla<i.lpaia  Nairunra  A  Na*  Ta(k 
i^ila<l«>hla  A  Baadlac, 

PMlailcltiMa  A  Traaua 

Pkllad«ptda  Wllalaftoa  A  Battawra 

Pick*n~  Vatiar 

nt-iiii^^vaiiar 

»1iubar(  ClectaBatI  A  !«t  Loal*. 

PlUahant  A  Cuaa«U(Ttlla  

PItlabanc  rx.  Waraa  A  CMeaco. 
Ptllakanc  VtrxlBla  A  Ckariaatoa 

Ptraoata 

PaaaaylTBBiB  la'aad 

nonHaato  A  Waatara 

HtnM^pMaAllar'      ^^ 
HtUhaf»ArMUa,_ 
Kaadiaii  A  CWaabta. 
Baliaaarr  A  BaiUakira 

■(karuin  %'•«« 

WitiaigtuTa  A  Xartk 

aaaaaklaVaU.7APMto*taa.  . 

•feaaaaco  A  Allagtoar 

aMAIIlaarai  Mai.  ..  .. 

Maaauta  Iraa  Coauaa^'a, 

"-aania 

PaaakS'r  AMIalacCo 


twMii  fm.wMt  HM**,!*  irm.-mjmijtm-m\iMiM  $«7.7«8.«ii  tHn,4aB.8«  «ia7,446.»48  »m.<ho.iib| 


162 


mE  CHRONICLR 


[August  14,  isra. 


€l)c  Commercial  ®ime0. 


COMMERCIAL  EPITOME. 

B  RIDA.Y  Night,  August  13,  1875. 
The  severe  rain-storms  which  have  visited  a  large  portion  o( 
the  West  have  been  followed  by  better  weather*  and  the  floods 
which  they  cnused  have  abated  (except  In  portions  of  the  Missis- 
sippi and  its  lower  tributaries),  bringing  to  an  end  the  speculation 
in  various  staples  which  had  spruiiR  upon  the  apprehension  that 
the  growins;  crops  had  been  seriously  Injured.  There  has  conse- 
quently been  in  the  last  few  days  a  decided  decline  in  the  values 
of  breadstuffa  and  provisions,  and  In  other  important  articles 
prices  are  lower.  General  trade,  however,  has  been  fairly  active 
lor  the  season,  and  Fall  business  pro&iises  to  open  with  a  good 
degree  of  spirit.  Manufactories  are  starting  up,  giving  employ- 
ment to  labor,  and  farm  products  ar*  mostly  bringing  prices 
above  the  average.  The  situation  is  such,  therefore,  tliat  if  we 
had  a  sound  currency,  an  early  revival  of  confidence  and  activity 
in  trade  might  be  anticipated. 

Pork  opened  early  in  ihe  week  quite  buoyant,  with  large  sales 
of  mess  at  |21  70S$31  80  on  the  spot  and  for  early  delivery  ;  but 
the  market  has  latterly  been  drooping,  under  dull  Western  advices, 
and  to-day  there  was  a  decline  to  $31  25@$31  40.  Lard  was  also 
active  and  buoyant,  with  large  sales  on  Wednesday  at  14ic.  for 
prime  steam  on  the  spot  and  for  September  and  October,  13fc.  for 
new  Western,  and  14ic.  for  best  city  refined ;  but  to-day  the 
closing  price  for  prime  steam  was  13|c.  for  spot  and  early  delivery. 
Bacon  has  sold  more  freely  at  ISJc.  for  city  long  clear,  and  is  now 
held  higher.  Pickled  meats  have  also  been  in  better  request  at 
rather  higher  prices.  Product  i-;  still  at  high  cost,  with  dressed 
hogs  Belling  at  10ic.@10ic.  Beef  and  beef  hams  scarce  and 
nominal.  Tallow  has  sold  pretty  freely  at  9c.  for  prime  country, 
and  stearine  at  15ic.@15ic.  for  prime  Western.  Butter  has  been 
dull  and  drooping,  and  cheese  has  declined  to  llic.@llic.  for 
prime  factories. 

Rio  coffee  has  been  fairly  active,  and  closes  firm  at  18i@2Dc., 
gold,  for  fair  to  prime  cargoes  ;  stock,  41,200  bags.  Mild  grades 
were  dull  ;  jHva,  25@28c.,  gold ;  stock,  55,300  mats.  Rice  has 
been  about  steady.  Molasses  is  without  essential  change,  with 
high  grades  scarce  ;  stock,  4,400  hhds.  and  1,800  bbls.  Sugars  are 
quoted  lower,  at  7J@8ic.  for  fair  to  good  refining,  and  11^0.  for 
standard  crushed ;  some  forctd  sales  have  been  made. 

Hbds.  Boxes.  Bags.        Melado. 

Receipts  past  week  7,036  8,827  1,199  233 

Bales  past  week 7,b72  4,022  21,008 

Stocking.  12,  1875 154,625  61733  157,858  15,667 

Stock  Aug.  13,  1874 147,613  95,902  173,496  1,037 

Kentucky  tobacco  has  ruled  lower  and  rather  quiet  at 
8i@llc.  for  lugs,  and  14@3oc.  for  leaf;  the  sales  for  the  week 
embraced  400  hhds.,  of  which  350  were  for  export  and  150  for 
consumption.  The  weather  has  been  rather  better  for  the  grow- 
ing crop.  Seed  leaf  has  been  in  fair  demand  at  about  steady 
prices.  The  sales  embrace  :  Crop  of  1870,  102  cases  Connecticut 
on  private  terms;  crop  of  1873,  200  cases  do.  at  16(a45c.,  300  cases 
State  at  10i@15c.,  35  cases  Ohio  at  lOc,  250  cases  Wisconsin,  part 
at  6ic.,  300  cases  State  on  private  terms ;  and  crop  of  1874,  255 
cases  Connecticut  on  private  terms  ;  also,  200  cases  sundry  kinds 
at  7ig35c.  Spanish  has  remained  steady,  with  sales  of  400  bales 
Havana  at  85c.@$l. 

Ocean  freights  as  a  whole  have  been  fairly  active,  but  berth 
room  especially  so,  charters  meeting  with  only  steady,  moderate 
inquiry.  The  supply  of  the  former  has  been  materially  reauced, 
and  at  present  the  offerings  are  small ;  this  has  led  to  advanced 
rates:  the  tone  of  the  latter  is  anything  but  steady,  under  larger 
offerings.  Late  engagements  and  charters  include :  Grain  to 
Liverpool,  by  steam,  10@10Jd.;  cotton,  by  sail,  7-83d.;  grain  to 
London,  by  steain,  lOd.;  do.  to  Hull,  by  steam,  lO^d.;  do.  to  Cork, 
for  orders,  78.  3d.@7s.  6d.  per  qr.;  do.  to  Penarth  Roads,  7s ; 
refined  petroleum  to  Bremen  or  Hamburg,  43.  4}d.,  do.  to  the 
Baltic,  6s.;  do.  to  the  Mediterranean,  5s.;  crude  do.  to  Havre  or 
Bordeaux,  Ss.;  naphtha  to  Marseilles,  68.  To-day  there  was  a 
Blight  decline  in  berth  room,  but  no  change  in  charters;  little  was 
done.  Grain  to  Liverpool,  by  steam,  9Jd.;  do.,  by  sail,  9d.  for 
wheat ;  do.  to  London,  by  sail,  9Jd.;  do.  to  Cardiff,  63.  9d.  per  qr.; 
refined  petroleum,  to  Bremen,  43.  3d.;  naphtha  to  London  or 
Liverpool,  at  5s.  6d@5s.  7id. 

There  has  been  little  done  in  the  petroleum  market,  but  quota- 
tiona  have  been  sustained  by  the  firm  advices  from  the  Creek  and 
limited  offerings  here  ;  at  the  close,  however,  there  was  a  slight 
weakness,  and  crude,  in  bulk,  was  quoted  at  5i@5|c.,  and  refined 
in  bbls.  at  llj@llfc.  for  spot  and  all  August  delivery. 
Export  since  Jan.  1—  1875.  1874, 

From  New  York galls.    82,349,360  91,19J,171 

Other  ports 46,974,064  52,370,551 


Exports  or  I<eadlnK  Articles  from  Naw  Y«rtt* 

The  following  table,  compiled  from  Custom  House  retiuw 
shows  the  exports  of  leading  articles  from  the  port  of  New 
York  since  January  1, 1875,  to  all  the  principal  foreign  countrtei, 
and  also  the  totals  for  the  last  week,  and  since  January  1.  The 
last  two  lines  show  totai  i)a2ue«,including  the  value  of  «11  othat 
articles  besides  those  mentioned  in  the  table. 


Total  ^alls.  129,323,424  143,562,722 

Same  time  1873 galls.  128,903,2^4 

"  187« 80,761,868 

Naval  stores  are  without  new  feature  ;  the  jgeneral  market  is 
dull,  and  quotations  barely  steady  at  $1  65@fl  75  for  common  to 
good  strained  rosin,  and  81i@33c.  for  spirits  turpentine.  Ingot 
copper  remains  steady,  with  late  sales  of  300,000  lbs.  Lake  at  33c 
cash. 

Linseed  oil  has  ruled  decidedly  higher  at  70@73ic.  Menhaden 
lower,  at  32c.  for  prime  Sound,  and  33e.  for  Maine  oil.  Other 
oils  quiet  and  unchanged.  New  mackerel  have  ruled  higher, 
owing  to  the  light  stock ;  sales  600  bbls.  at  $18@$30  for  No.  1 
and  $13  for  No.  3.  Other  fish  quiet  but  steady.  Hides  have  been 
in  fair  demand  and  about  steady  ;  dry  Montevideo  sold  at  22f@ 
23c.  gold,  and  city  slaughter  ox  9|c.  currency.  Whiskey  has 
farther  advanced  to  $1  33i@$l  24,  closing  dull.  East  India  goods 
have  had  aa  upward  tendency,  and  so  have  domestic  seeds. 


;1 


tn  ■^ 


-  egeo  •-•« 


3  00        <N 


^"ttO'^**    ;M3Do9i5r-tio<oa5     JUr-*    'Wi-    -o    •  e*  ec  «  ci  CO  «  JO  o  — "-"  3>    ■ 

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August  14,  U<5J 


THE   CHRONICLE. 


163 


Imparls  or  Leadlujc  Artlelea. 

The  folloirini;  table,  eompiUd  from  Uuatoia   Uoasa 


return , 


ahowi  the  foreiga  imports  ot  leading  artielea  at  thia  port  since 
■'an.  1, 1875,  and  for  the  Mune  period  of  1874  : 

[The  qtunUty  U  (trea  la  pieia^^ei  wu<;a  aatothenrlM  ipecUad.] 


Btnoe 
JaaJ.*1S. 


China 

Kartheawar*. 

UUm 

Olaasware.... 
OlaMplaU.... 


OMtoa,baUa.".!!! 
Batk,  PvarlaB., 


k 


ONua  Tutu.. 

Oaabhv 

Oaa,  Arabic. . 
ladii 


luStm.. 


OUa.  «a«tial. 

Oil,  OUT* 

Uplaa 

-  -     blearb... 


Bodaaak 

riax  ..._ 

far* .       

Oaaay  elotk 

w«w 

■«ip,bal«.,.!!! 
Rldw.*e- 

Briatia* 

BMakdiMMd. 

ladUrabbw 

I»of7 

Jawair*.  *c- 

Jawdxy 

WalciMa 

Ilnmil 

■olaMM  


rjtu 


M 


M,«M 


mux 

UlMO 


i:S 

■at 

KM 

a«.m 


t,41> 


tMH 


«Ti> 
tT.4M 


Same 

lmaUT4 


7.«0 


M« 

S1.0U 
I'.US] 

ajso 

nu 

a.  is; 
in» 

7U 
U17 


Stnee 
Jaii.l,*7S. 


Heul>,  *e^ 

Cutlery 

BvdiMNk 

Iron,  n.  ban., 

Le*<l,pi|* 

StKlur.ttM 

Sloel 

Tlu, 

TtB 


Bafu, 

bljl., 


x 


tea.* 


t,8M 
«,l«l 

ns 

«,7fi. 


MM 
•M 


Siii!>r,  bn*ba(i. 

|Te«  

Tobieoo 

Wwte. 

Wmea, 

Ctuki 

Wlnw..... 
Wool,  bdiia. 
Artldm 

taiut— 
C\g<ut.... 

CVrlu... 

Fancy 

Ft  ah........ 

rmlta,  lair 

LcmoM.. 

OraafMU. 

NutiT..... 

KatalM... 
Ill.lca. 
Kice 

uiaca;. 
P'PP«. 

!Ult|>ati«. 

C( 

ri 


a,S73 
1.856 

8B8.(I. 

57.44: 

•lt,OM 

4,7i4,an 
8^a» 


Same 
time  1874 


MB 

MbOn 
uuis 
a,tas 


|Un7.«I4 


4tt.aH 

1,74IJ«I 


TUjBI 


uai7« 
ti.jn 
in. 
K»,vn 

najMi 


IM,tlt 


»,7«1 

i,«l4 

l»,&i4 

1K,I4J 

],«:>,«« 

71,67S 

ta.nt 

7,SI>.4« 
7S.41: 

BM,aM 

8n,Mi 

7ir,a»8 

sa,a«i 

tasi 

7S,0H 
llt.l» 
8a,0M 


IUM.447 

aojM 
nun 


tmsn 


SK.MT 

MMU 
Tl.itO 

4aa.*(a 


lB0.4(o 
U.*l« 

UI.S7 
71.(11* 


Maealyf  T 


aaU«  Vr*«Me«. 


The  rae«lpu  e(  damwtto  piodaca  aiaM  Janoarj  1,  1875,  and  lor 
ha  same  time  in  1874.  hare  been  aa  foltowa  : 


COTTON. 

irKiDAT,  p.  M.,  Aogw*  U,  1875. 
By  special  ulsfmiM  fwalTsd  to  night  iMa  th«  BeiUhsra  Ports, 
wsare  la  pnwswIiiM  of  Ih*  rMam*  ahowiaf  Um  Noaipla,  exports , 
ha.,  of  eottoB  for  tho  wash  andinfr  lUa  orsaliif ,  Aa(.  13.  It 
•ppsMs  that  the  total  rsesipU  tor  th*  Mva«  days  have  readied 
1>1I  bales,  acmlaat  3.083  bales  tail  WMk.  >.877  bales  the 
pnvloM  weak,  aad  3,513  bales  tbrwvMk*  daoo,  makinc  the 
Mai  rsMipia  riaes  Ihs  Iim  of  Septeabar,  1874.  8.477,379  bales, 
■C*lAit  Sj8n,019  bales  tat  the  sam«  psriod  of  187»-74,  ahowing  a 
*mnam  slaos  Sspwiabar  1. 1874,  of  834,740  balsa.  The  detaiU  of 
tha  fseslpts  for  tiiis  wsak  (as  per  telein»ph)  and  for  eomspoodlBg 
weeks  of  Sts  prerloas  years  are  as  follows: 


The  exports  for  the  week  ending  this  eveoinf;  reach  a  total 
of  4.796  bales,  of  which  2,330  were  to  Great  Britain,  1,595  to 
Prance,  and  871  to  the  rest  of  the  Continent,  while  the  stocks, 
la  made  up  thia  evening,  are  now  103,859  bales.  Below  are  tha 
exports  and  stocks  for  the  week  and  also  for  the  corresponding^ 
week  of  last  season. 


Kxported  to— 

Total 

tlii> 
week. 

Same 
week 
1874. 

Stock. 

Waek  aatf  |B« 
AD«.  tt. 

O.  Brit. 

France 

Contia'i 

187!. 

1374. 

.<ew  OrlaaiM 

Mobile 

Oharleaioa... 

Saraanah 

OalraeloB.... 
Hew  York... 
CXbarporU.. 

"is 

4.1.11 

wi 

4.7M 

3,ce7,iio 

MS 

<.ISS 
2.9Ua,043 

17,471 
MO 

l.tia 

Ul 
2,031 
(S.517 
18,UM 

:o?,«9 

15,173 

t:m 

S.(«S 

(.tss 

S,SM 
30,00(1 

Total  .... 
Since  Sept.  1 

t,f77,»a 

I.5M 

*n 

mm 

ia9,04( 

ItW^ir  telegram  from  New  Orleans  to-night  shows  that 
besides  the  above  exports  the  amount  of  cotton  on  shipboard,  and 
engaged  for  shipment  at  that  port,  is  as  follows:  For  Liverpool, 
3.000  bales;  for  Havre,  no  bales;  for  Continent,  500  bales; 
for  coastwise  ports,  500  bales;  total,  3,000  bales;  which,  if  de- 
dneted  from  the  stock,  would  leave  14,500  bales  representing  the 
quantity  at  the  landing  and  in  presses  unsold  or  awaiting  orders.] 

Prom  the  foregoiug  statement.it  will  be  seen  that,  compared 
with  the  corresponding  week  of  last  season,  there  is  a  (Uereate 
la  the  exports  this  week  of  1,339  bales,  while  the  stocks  to- 
night arc  30,187  bales  lus  than  they  were  at  tLis  tiire  a  year 
•go.  The  following  is '  ur  usual  table  showing  the  movement 
ot  eotton  at  all  the  pons  from  Sept.  1  to  Aig.  0,  the  latest  mail 
datMi 


rown. 


ssosirrt 
utfm  asrr.I. 


szposTBO  atsoa  aapT.  1  to— 


l5J»        -.rSi. 


Uraai 
Brtlala. 


•ii>n    iMjio 
mjm  i  4M.IUS 


-ii,i„ 

tT,.:m 
iui,e» 


mjta 


mm 

WMM 

ujst 


in.Tr. 


'ntTjft 


MM! 

i4,gi 


WMM 


WW,4i 


Ftaace, 


8,U0 
tl,*M 


M^MI 


Other 
Por'ta 


I0JS1 

«ijn 


WMw   sin,7i« 


isi,s4a 

4«,4as 

ujni 

tI414 
101,187 


3MM14 


Coait- 

wlae     Stock. 
Portt. 


IMJIS 
lN.m 
1M,M 

WkMa 

14*344 


«,4» 
M1,4M 


lawjM 


144»,b;7 


TMn 
iis 


I84,Tn 


UB,4I8 


*  asearUM  keas or  (Mnrlmum  U  IBOInted  Port  Bafi.  4ke.;  nsSer  the  head  o( 
JWMSmU  lasliaad  Iatftaaola.*«.;  anSar  tha  baador  SorfoU  U  Incladad  City 

We  have  had  during  the  past  week  a  fluctuating  market  for 
Mttoa  on  tho  spot.  The  Improved  tone  noted  In  our  last  was 
•oon  lost,  and  <>n  Monday  quotations  were  redaeed  !&,  to  be 
marked  op  Ic  on  Tneeday.  There  has  been  a  very  food  demand 
ftam  hooie  spinners,  which,  with  stocks  small  and  well  held,  has 
tmywA  Utterly  to  support  prices.  Some  business  has  been  done 
tor  export,  shippers  being  favored  by  higher  gold  and  exchange. 
Bat  tOKlay,  the  market  was  again  weak  under  the  decline  in  gold, 
weak  ivporta  from  Liverpool  and  the  subsidence  of  general 
■peealatlve  eonfldenoe.  Por  future  delivery,  prices  quite  broke 
down  In  the  eonrse  ot  Saturday  and  Monday,  but  there  has  been 
siBoe  a  gradual  hardening  ol  the  market,  though  at  the  close  last 
evening  the  advancein  the  aggregate  was  very  small.  A  demand 
to  cover  eeatraels,  with  some  hints  of  a  possible  "corner"  for  this 
math,  OMeed  the  ImproveaMnt  The  weather  reports  to  the 
N<*w  York^Cotton  Eichaoge  have  indicated  too  much  rain 
In  the  Atlantic  States,  though  no  injury  as  yet  from  it,  and 
Memphis  telegrams  have  reported  the  Mississippi  River 
as  slowly  rising.  Liverpool  has  been  dull,  and  yesterday 
showed  a  decline  in  both  spot  and  arrivals  ;  but  this  market 
seems  at  the  moment  to  be  In  a  great  measure  independent  of 
that  iatesMB.  Texas  advlees  are  that  picking  has  begun  in  that 
ijlate,  and  it  may  be  expected  to  become  pretty  general  In  the 
last  ten  days  of  this  month,  except  in  the  Northern  Belt,  where 
the  crop  may  be  expected  to  be  later  than  last  season.  To-day, 
there  was  a  decline  of  1-lOc.  for  the  early  months,  and  8-33@^ 
for  the  later  months.  After  'Change  there  were  sales  at 
18  15-lOe.  for  Angnst,  18  37-33^13  13-lOc.  for  September, 
18  31-na  for  October,  13|c.  for  November,  13  31.83e.  for 
December,  14e.  for  Febroarv,  and  14  3-lOc.  for  March.  The  total 
sales  for  forward  delivery  for  the  week  are  101,800  bales,  in- 
cluding     free  on  board.    Por  Immediate  delivery  the  total 

sales  foot  up  this  week  9,163  bales,  including  1,203  for  export, 

7,051    tor  consumption,    0   for  speculation   and   in    transit. 

Of  tha  above,  —  bales  were  to  arrive.     The  following  are  the 
closing  quotations  : 


Maw  ClaaUSeatloa. 


■oodOMIaarT. ......._. 

ItOW  MliMllBt 

1iii"las   

•oos  iiTsdiiaa. ...::::. 


para. 


— —     ■IddliBC  ralr. 
imfi»*  Fair 


Dpiandi. 


II  K«.. 

:»<•.. 

14  •.. 
I4kS.. 

!«|:: 

15  <-. 


Haw 
Orlaaas. 


ISHf.... 
14H4.... 

!JS|:::: 


Tasaa 


19   •.... 

ISH*-. 

l4Kf.... 
14«S... 

»<»•.. . 

ISH*-.* 
\*sm.... 


16 1 


THE   CHRONICLa 


[August  14    1H75. 


Below  we  itivo  the  gales  oJ  spot  and  tranBit  cotton  and  prlcf  of 
Uplands  at  this  market  each  day  of  the  paat  week  : 


New 
CluaUcatlon. 

eaiurdfty , 

Uoodny 

ruudiy 

WednewU;.... 

Thanday 

Friday 


Total. 


aAl.>b 

t 

c*l 

*- 

Gun-   SDae.iTr«D>.               1 

Uood 

».ow 

MIo 

azpt. 

tump. 

aU-D 
• 

•It. 

Total. 

Ord'ry 

Ord'ry. 

ttldl-g. 

dims 

,, 

.'K 

» 

I3N 

Wi 

US 

MO 

:,»w 

9.948 

"X 

WX 

liX 

ii« 

909 

I.Mt 

,, 

i,iJ7i 

"X 

I9K 

U 

UH 

i,i« 

1,U7 

1>X 

It 

HH 

i,ifti 

1,161 

IIH 

13K 

14 

UJd 

SOD 

8S} 

« 

1,883 

UH 

13X 

14 

"H 

i:i08 

i.tsi 

.... 

9,183 

... 

For  forward  deliverir  tlie  Bales  (including   free  on  board, 

haye  readied  during  the  week  101,300  bales  fall  lowmiddlinfj  or 
on  the  basis  of  low  inid.ili'i>ri.a''d  tliHfollowinir  is  a  statement  of 
the  sales  and  prices  : 

CtB* 


Kor  Angait. 
4Mle>.  cu. 

lOO 13  2I-SJ 

1,400 13K 

800 13  -iisi 

JOO 13  l.vie 

900 3  3lJa 

JMOt  days' not.  14 

lOUa.  a 14 

1,S0« 14 

i,aou 11 1-sj 

lOOs.n  I4K 

100 -.w 

6,400  total  Aug. 

Kor  September. 

3,100 13K 

8  90G 13'.B-S^ 

1,W0 13  1316 

SOg Uii-31 

2,'I0O ISJ< 

a,300 la  ii-iii 

1,'iflO 19  ;5-16 

400 19  31  3i 

600 14 

^oo u  '.-Hi 

sou 14  3.32 

^6,800  total  Sept. 

For  October. 

100 13  9-16 

2,000 13  l*-Si 

6,400. 13X 

2.900 13  21-32 

a,900 13  11-16 


hales.  cti. 

8,100 13  23-32 

2,503 U\ 

^300  13  25-3J 

100 18  13-16 

800 IS  27-32 

1.000 13  i»-J2 

SOO 13  15-16 

3V,000  total  Oct. 

For  November. 

1,700 13  19-32 

2,200 13H 

BOO 13  21-ia 

1,100 1311-lS 

3.200 13  23  32 

3U0 13V 

too 13  25a! 

l.'MO 13  27-32 

100 13% 

300 13  29W 

7110 13  li-16 

12,700  total  Nov. 

For  Decemher. 
800 13  19-32 

1,600 isa 

1.900 13  21-32 

2.1|T0 13  11-16 

300 IS  23-32 

S,UW 13-^ 

900 13  25.3i 

.00 13  13-16 

1,000 13  27-32 

5011 nu 


bales.  cti>. 

1300 13  29-82 

300 18  15-16 

13,M0  toUl  I)ee. 

For  Jannary. 

1.200 ISX 

4,300 13  25-32 

1,100 13  13-16 

500 lS2;-32 

800 1S« 

2,100 18  29-32 

1,100 1315-16 

7011 18  31-82 

100 11 

200 14  1-16 

12,100  total  Jan. 

for  February. 

400 .3  15-16 

',700 '.3  11-32 

2,500 U 

3U0 14  1-32 

TOO...  ,....14  M« 

70O 14  3-32 

900 IIX 

100 14), 

100 14  t-St 

100 14  6-16 

7.50(1  total  Feb. 

For  March. 

1.600 14  3-16 

1,51.0.... H  7-32 


bales. 
1,200. . 

40.1 1 

2il0 14  5-16 

100 14  11-32 

200 U  13-32 

5,200  to. al  March. 

For  April. 

200 14X 

400 14  ;-16 

400 14  15-3i 

300 14K 

300 II  17-3! 

700 14  19-32 

2,300  total  April. 

For  May 

100 u% 

100 14  21-32 

1,400 ur,-;6 

200 14X 

1,800  total  May. 


lOO  .. 
100... 
100... 
100... 
2i«  .. 
100... 


14  37-32 

UK 

.14  29-32 

11  15-16 

15 

..15  1-16 


700  total  .lune. 
The  following  will  show  spot  quotations  and  the  closing  prices 
Ibid  for  futures  at  the  several  dates  named  -. 

LOW  MIDDLING   UPLANDS— OLD  OLABSIFIOATION. 

Frl.  Sat.         Mon.       Tues.        Wed. 

OB  spot I4H  14^  14)i  I4>i  1«X 

Aosmil UH  14  13)4  13  15-16      13  15-16 

HIDDLINO  UPLANDS— NBW  0LA88I7I0ATI0N. 

14K 

11  ^9-32 
13X 
•SX 
13  25-32 

13  211-32 
14X 

14  11-32 
14  17-32 
14*,- 

14  31-32 
252 
9,700 
113V 
I.84X 


13  25-S2 

14  X 

I4H 

11  13-U 

isx 

13X 

13  21-31 

13  a-16 

13^ 

13  21-32 

IS  21-32 

13  21-32 

13  11-16 

13  23-34 

13  25-:B 

13  13-16 

13  27-3i 

13  3;-32 

!3  31  32 

14  1-32 

11  3-16 

14  3-16 

14  7-32 

14  13-32 

14  7-16 

14  15-32 

14  21-32 

14  21-32 

14  11-16 

14  iO-S! 

14  15-16 

14  15-16 

3,348 

1,8J2 

1,147 

35,91)0 

lt,'200 

16,100 

113H 

113K 

114 

iMK 

4.81^ 

4.8)X 

Thurs. 

Frl. 

14M 

14K 

14  1-32 

13  29-Sj 

U% 

14X 

13  15-16 

13  ^5-32 

13  2.1-S2 

lo  19-3 i 

U  23-32 

13  19-32 

13i 

13X 

13  29-32 

ISiV 

14  3-32 

13  15-16 

14  9-32 

14X 

14X 

14  5-16 

11  23^2 

14  17-32 

14  31-32 

14  13-16 

1,161 

1.38.! 

11.500 

14,000 

113>« 

l;3)« 

4.85X 

4. no 

On  spot 14H 

September 14  1-16 

October     13  29-32 

November..  . ,  13  29-32 

December. ....  13  23-32 

January 14  1-16 

February 14  9-32 

March 14X 

April 14  23-32 

Muy 14  15-16 

June 15  5-32 

Sales  spot 1,641 

Sales  future...  18.300 

Gold 113^ 

Kxchanee 4.c>5 

Wbatheh  Reports  by  Tblkgkaph. — With  the  exception  of 
the  overflowed  district  in  the  Valley  of  the  Mississippi,  our 
reports  with  regard  to  the  crop  this  week  may  be  said,  on  the 
whole,  to  have  continued  favorable.  This,  however,  must 
1)6  qualified  by  the  remark  that  tliere  are  only  three  or  four 
States  in  which  the  full  promise  of  last  month  is  generally 
anticipated  now.  This  is  due  to  drought  in  bome  sections  and 
too  much  rain  in  others,  resulting  in  shedding,  rust,  &c.,  &c. 
We  are  at  present  passing  through  the  season  when,  in  the  prog' 
ress  of  the  crop,  the  plant  is  peculiarly  liable  to  injury  from 
various  causes,  and  when  it  is  more  difficult  to  reach  correct  con- 
clusions with  regard  to  its  condition  than  at  any  other  time. 
During  the  past  week  there  have  been  copious  laius  in  most 
sections,  and  if  these  showers  do  not  become  too  frequent  and  are 
f  jUowed  by  dry  weather  the  progress  will  be  satisfactory.  As  to 
the  overflow  in  the  Mississippi  Valley  it  is  impossible  as  yet  to 
indicate  the  extent  of  the  damage  done. 

Oalveston,  Texas. — It  has  rained  here  on  three  days  this  week,  the 
rainfall  reaching  three  inches  and  forty  seven  hundredths.  The 
prospects  with  regard  to  the  yield  are  now  considered  very  good 
throughout,  and  picking  is  becoming  general.  The  thermometer 
has  averaged  83,  the  highest  being  94  and  the  lowest  71. 

Jndianola,  I'e^fos. — There  has  been  no  rainfall  here  during  this 
week,  but  the  reports  as  lo  the  condition  of  the  crops  are  favor- 
able. The  thermometer  has  averaged  84,  the  highest  being  93 
and  the  lowest  77. 

Cormana,  Texas. — We  have  had  rain  on  four  days,  the  rainfall 
reaching  one  inch  and  sixty-five  hundredths.  The  crop  is  turning 
out  well.  The  thermometer  has  averaged  85,  the  highest  being 
101  and  the  lowest  67. 

2^ew  Orleans,  Louisiana. — We  liad,  heavy  thunderstorms  on 
three  days  the  past  week,  the  rainfall  aggregating  seven  inches 
and  forty-six  hundredths.     The  thermometer  has  averaged  82. 

Shreveport.  Louisiana.— We  had  a  heavy  rain  here  on 
Monday  and  another  on  Tuesday,  the  rainfall  reaching  two 
inches  and  sixty-seven  hundredths.  The  nights  have  been 
unusually  cool,  in  fact  cold,  with  heavy  dews  and  fogs.  The 
thermometer  has  averaged  83,  the  highest  being  100  and  the 
lowest  09. 


ViekAurg,  Mississippi. — It  has  rained  here  on  three  days  this 
week,  the  rainfall  reaching  two  inches  and  sixty-one  hundredths. 
The  thermometer  has  averaged  7!),  the  highest  being  81  and  the 
lowest  74. 

Golumbus,  Mississippi. — We  are  having  too  much  rain  ;  it  is 
damaging  tlie  crop  to  some  extent,  The  thermometer  has 
averaged  76,  the  highest  being  82  and  the  lowest  70. 

Little  Hock,  Arkansas. — Rain  fell  on  two  days  the  past  week 
to  the  extent  of  fifty  hundredths  of  an  inch.  Crop*  are  in  excel- 
lent condition.  Average  thermometer  79,  highest  95  and 
lowest  62. 

Ifashmlle,  Tennessee. — There  were  two  rainy  days  here  the  past 
week,  the  rainfall  reacliino;  twenty-nine  hundredths  of  an  inch. 
Average  thermometer  73,  highest  8.J  and  lowest  61). 

Memplds,  Tennessee. — Hain  fell  on  omi-  ilaythe  jiast  wfek.the 
rainfall  reaching  sisty  three  hundredths  of  kh  incii.  Tlie  rest  of 
the  week  has  been  cloudy  "iih  coM  niglits.  The  crop  is  making 
weed  fast;  there  is  Inn  little  tup  fruit  iind  iion"  opiTjing  Kus: 
and  blight  ate  developing  slowly.  The  river  is  an  iiicli  iilrovc 
the  Spring  rise,  which  fully  confirms  the  higii  waier  damage  last 
reported.     Average  Jiermometer  75,  highest  83  and  lowest  07. 

Mobile,  Alnbama. — It  rained  severely  one  day  and  was  showery 
three  days  during  the  week,  the   rainfall  aggregating  three  and 
twenty-three  hundredths  Indies.      Accounts  from  the  interior       ■ 
conflicting.     In   some   sections  they  have  had  good  rains  ;  coi 
quently,  reports  from  those  districts   are   favorable.     In  oth 

rust,shedding  and  drought  operate  to  cause  unfavorable  accou 

Five   bales   new   cotton  have   been   received   to   date.     Average 
thermometer  78.  highest  91  and  lowest  68. 

Montgomery,  Alabama. — The  weather  the  past  week  has  been 
warm  and  dry,  the  rainfall  of  two  days'  rainy  weather  being 
sixteen  hundredths  of  an  inch.  The  thermometer  has  averaged 
80.  ranging  from  70  to  94. 

Selma,  Alabama. — We  had  one  rainy  day  the  past  week,  the 
rainfall  reaching  twenty  nirie  hundredths  of  an  inch.  Tbe  crop 
is  developing  promisingly,  though  there  is  some  complaint  of 
rust.     Average  thermometer,  78. 

Madimn,  Florida. — On  four  days  the  past  week  it  was  rainy, 
the  raiuf'all  reaching  two  iticbes  and  forty  six  hundredths.  Tlie 
thermometer  has  averaged  during  the  week  79,  ranging  between 
85  and  73.     Cotton  is  rustinjj  and  shedding. 

Macon,Oeorgia. — There  were  two  rainy  days  here  the  past  week. 
Average  thermometer  79,  hi<>liest  90  and  lowest  71.  Our  corre- 
spondents correct  the  statement  published  in  our  last,  that  "  they 
had  an  unusually  severe  storm"  there,  as  there  was  no  storm  in 
that  vicinity,  tbe  mistake  arising  from  an  erroneous  translation 
of  the  telegram  which  was  sent  in  cipher. 

Atlanta,  Georgia. — There  was  a  shower  here  one  day  the  past 
week  which  was  not  enough  to  do  any  good,  and  the  rest  of  the 
week  was  cloudy.  Crop  accounts  are  less  favorable,  our  informa- 
tion leading  to  the  supposition  that  tlie  top  crop  will  be  poor. 
Average  thermometer  81,  highest  88  and  lowest  72.  Total  rain- 
fall for  the  week  thirty  eisrht  hundredths  of  an  inch. 

Golumbus,  Qeorgia. — We  had  rain  here  on  three  days.  Some 
districts,  however,  still  need  rain  badly.  Rainfall  three  and  forty- 
five  hundredths  inches  ;  average  thermometer  80,  highest  88  and 
lowest  72. 

Savannah,  Georgia. — We  had  rain  on  five  days  the  past  week. 
The  thermometer  has  averaged  79,  the  highest  being  ill  and  the 
lowest  71. 

Augusta.  Georgia. — It  rained  on  five  days  the  last  week, 
deligh'fu!  showers,  extending  over  a  wide  surface  and  benefitting 
the  crops,  tlie  rainfall  aggregating  two  and  twenty-nine  hun- 
dredths inches.  Crop  accounts,  though  on  tbe  whole  more  favora- 
ble, are  conflicting.     Average  thermometer  77. 

Charleston,  South  Carolina. — We  have  liad  rain  on  four  days 
the  past  week,  the  rainfall  reaching  one  inch  and  twenty-nine 
hundredths.  The  thermometer  has  averaged  80,  the  highest 
being  89  and  the  lowest  74,  The  weather  has  been  warm  during 
the  day  and  cool  at  night.     The  crop  still  needs  rain. 

The  following  statement  we  have  also  received  by  telegraph 
showing  tlie  height  of  the  rivers  at  the  points  named  at  3  o'clock 
this  afternoon  (Friday,  Aug.  13).  We  giv«  last  year's  figures 
(Friday,  Aug.  14, 1874)  for  comparison  : 

^AuR.  13,'75^  ---^ng.  14,'74.-, 

Feet.  Inch.  Feet.  Inch. 

I  New  Orleans  .Below  high-wator  mark 5  8  12  6 

Memphis Above  low-water  mark 33  11  8.  i 

Nashville.  ...Above  low-wat>r  mark 20  11  2  2 

Shreveport Above  low-water  mark 18  6  3  8 

Vicksburg  —  Above  low-water  mark 40  5  12  10 

New  Orleans  reported  below  high-water  mark  of  1871  until 
Sept.  9,  1874,  when  the  zero  of  gauge  was  changed  to  high-water 
mark  of  April  15  and  16,  1874,  which  is  6-lOths  of  a  foot  above 
1371,  or  16  feet  above  low- water  mark  at  that  point. 

Mississippi  Water  Galqe.— The  New  Orleans  Prices  Current 
publishes  the  following,  furnished  by  the  Chief  State  Engineer  : 
Editor  SepuUican; 

That  th«  cotton  factors  and  others  interested  in  the  cotton  crop  and  the 
corning  flood  may  more  intelligently  read  the  river  report  of  the  signal  service, 
1  herewith  give  the  highest  reading  of  the  fiauges  at  Ihe  points  named  for 
1K74.  this  Spring  and  Angust  J,  tiiat  each  can  jndge  by  comjiarison  with  1974 
what  damage  may  be  done  the  district  in  which  they  inav  be  interested.  The 
gauge  readings  for  18T4  are  fro:ii  the  report  of  the  United  States  Commission 
of  Engineers  made  this  Sjiring  to  Congress;  the  others  are  from  the  news- 
paper reports  of  the  eignal  service,  and  by  analogy  for  iho  points  not  reported 
by  telegraph.    These  arc  marked  wlUi  a  star. 

It  must  be  remembered  that  the  Bass,  lower  Hard  Times  and  Waterproof 
levees  have  been  built  since  ihe  flood  of  1874.  and  therefore  large  portions  of 
Carroll,  Madison.  Tensas  and  Concordia  will  have  less  water  this  year  than  at 
the  corresponding  gauge  in  1874. 

In  1874  the  highest  water  was  : 

Cairo,  Aiiril  36  and  27,  47.4  above  low  water. 

Memphia,  May  I,  i  and  8,  84  above  low  water. 


August  14,  1875.] 


THE  CHRONICLE 


1H5 


H•)«al^  IbT  10,  4-M  •bom  law  witer.  .„„,_, 

LkJm  PniTideara,  Much »,  tl  «ad  tS.  ST.4abOT«low  watrr:  tell  •llcbtlyand 
roM  uklB  Maj  1.  STl  abor*  low  w«ur.  The  linr  rvnuiaed  above  M  feet 
from  Bareb  8  to  ]U>  lb.  ^        .     „  .. 

Vlckabvs.  I(*T  I.  *.  *  ud  4.  4A.7 :  remained  abore  4S  feet  froin  April  li  to 
May  17.  Ob  Um  mmt  da;,  when  the  eias'  •>  VIckabarc  recorda  40,  the 
«■<•  at  ProTtdoM*  reeorda  aSH,  or,  for  the  hifbtat  water.  43'7—11-4. 

Ifalchaa,  AprU  to,  44S  abote  low  water;  reaiiMd  orer  41  feel  from  AprU 
18  to  Marx.  ,     ^ 

Kad  RlTcr  laadlag.  AprU  16. 44  abore  low  IHtm ;  remained  orer  43  feet 
aatll  Mar  14. 

B^toa  Boage,  April  10,  36-*  abore  low  water.  Mbrcania,  Point  Malner  and 
Hlckcr'a  larcoa  broke.  ,  , 

New  Otieua.  April  15  and  IS,  !£■•  abore  low  wsMr,  the  bl^heat  water  erer 
kaowa.  Ibat  ta^  It  waa  ab  're  tba  aaco  on  the  eaacs. 

TtM  Spriif  Oood  or  IST-i  waa : 

Cblra.  April  1.  401  abora  low  water. 

Metaphla,  March  ».  >S-9  aboro  low  water. 

•Heiwa.  4t«  abor*  low  watar. 

•Uk«  Prartdaace.  STl  abora  low  water. 

•Tlekabarc,  April  It,  4|-W  abora  low  water. 

•Kitchaa,  V  abara  knr  watar. 

AafaatL  laOw  Iha  flaacoa  raad : 

Cairo,  4H  abora  low  watar. 

Meaa^kia-M^abera  low  watar. 

VlefcahWK.  mt  abora  knr  watar. 

•Halaaa  in  abora  low  watar. 

•Laka  Proriilata,  S-4  abura  low  water 

•Natchea,  «  4  abora  low  walar. 

New  Oriaaaa,  •■Sbalow  Ucb  watar. 

Ob  aeeBut  of  tha  Boaaai  Oura  aad  Morflaacreraaaaa.  Iharirerat  Brd 
Rlrar  UiaiHaK  eaa  be  aallad  abaat  doable  the  CHia  icadtac  of  Naw  Orleana 
balow  bMi  water.  II  dIMm  thraa-fold  when  thawraaa  aia  ap.  ao  I  preanoia 
It  waa  tro  bekrw  hlfb  aratar  on  AB(a<t  ut. 

Toon  moat  rop^'ctfallT, 

M.  JlirF  THOMPSON. 

Cblaf  SUta  Kacineer. 

New  Orleaaa,  Aagaat  It  V/O. 

Thb  CoTTOir  CoavEHTioif  akd  BiLLa  of  LAOrao. — An 
artlda  on  tbla  aabjeel  will  be  (nuod  in  oar  editorial  eolomQa, 
which  may  be  of  Intoraat  to  aome  of  our  nndero. 

ituMBAT  MaiPMKim  — Aeeordiatr  to  otuoable  deapateh  rcealTod 
Vfwiay ,  there  hare  l>e«n  0.000  balea  shipped  from  Bombay  to  Oreat 
Kritain  the  p«at  week,  and  SAW  balea  to  the  Continent,  while  lb* 
r>-<?>-ipta  at  Bombaj,  darin(  the  aama  time  hare  be«m  l/WO 
balea.  The  moremant  sine*  th«>  flnt  of  Jannarj  ia  aa  follow*. 
Tbaae  are  the  Sxaraa  of  W.  Nicnl  &  Co.,  of  Bombay,  and  are 
braafht  down  to  Tbaraday,  Aug.  13  : 

«-1i>miata  taiawaafc-.  .  WilpnienuiOMa  Jaa.  1—  Maailpli. 

Oraat       Coa-  Orrai       caa-  TMa         MBaa 

Brttala.  Haaat.  Total.  Briiatn.   iiaaai.      Total,  weak.      Ma.  I. 

1973 IlOM       I^OW      1MI>  1M.0ro    40Uli  l,l«<.m  1.M8  t,«Mt» 

1871 11.100     una    «MM    Tii.ani  inMM  t.Mo,an     t.ai>  i.iou« 

1878.  ...    8,000       1.000       •,000     OO^OUJ    IHMI     84Mlt       tJ80      •n,080 

From  the  forwROlag  it  woald  appear  thai,  eoaaparad  with  laat 
year,  Ibaro  ia  a  dtertai  of  tflOO  l>alea  tUa  year  in  th*  week's 
sbipmeata  from  Bombay  to  Eorope,  and  tkM  the  total  morament 
siaea  Jaauary  1  ohowa  aa  toorsaw  ia  aUpeaaaU  of  48,000  balae 
compared  witit  tha  earroapoailf  pariod  W  1874. 

OtTiTXT  Bao«,  Biaomo,  kc.—Thn  market  lor  hacking  haa 
mind  rather  quiet  Jurinf  the  paat  w>-<>k,  with  aalna  b^>lh  here  and 
In  Boston  of  aboot  9W>  rolla  a-.  nf<213|e.«aah  and  14s.  time  and 
latoraat.  At  thaeloaaaefa  iaquiry  is  aatad,  aad  aa  aioeka,  both 
heraaad  at  thaSoathar*  Taryll^ht.  dealaraar*  e«pe<tioc  a  good 
woaiuptir*  dooiaad  to  aat  in  wiihia  tha  next  few  day*,  with 
pruapaeu  of  hl|(ber  prtaaa.  Balea  India  are  quoted  at  9|<9t0e.: 
Boraao.  lSf9l8(e.  Bafs  are  qaiei  an.l  a»miDal,  at  ISe.  for  440*8. 
tkoekaof  batia  bera  aiatjOOO  bales,  ao.l  ia  B<wt»o  900  balea.  8al«* 
bare  basn  mada  dorlac  tha  paat  week  la  Boaion  and  hare  of 
ahoot  3<S00  balaa.  at  Sflita.  eaah,  elnaiac  Arm  at  He.  8alna  are 
reported  of  Iota  to  arrira  of  about  4.1100  balaa,  September  Octobe  r 
delirarr.at  S|e.  OMh,  S  7-16e.  and  2|«.  aaM.  aad  a  IS  16e.  cur- 
fvney,  the  maikateloaiag  with  prices  inwflai  apward. 

ViaiBLS  SOPPI.T  or  UOTTOIt  AS  M  ADB  VP  BT  CABLB  ANDTKLB 
aRAPR. — Below  wafira  oar  table  of  vlaihle  sapply,  aa  made  up 
by  cable  aad  Ule|rraph  to-niKbt.  TlieaaatlnenUl  atorka  are  ti.e 
ttroree  of  last  flatarday,  bat  the  tntala  far  Great  Briuin  and  the 
•Snat  for  tha  •  'nntioent  are  thla  w<>ek's  ralaras,  and  eonarqaently 
bmarht  down  to  Tbnraday  eranloK :  baaaa  tomaka  tha  toula  the 
eomplsta  iKuraa  for  lo-alffht  {Aug.  \S,,  we  add  the  Item  of 
exports  from  the  Dallad  Slataa,  includiac  la  it  the  •rriortsof 
Friday  oaly. 

UTS.  mi.  Ufa. 

Mackat  Urarpeol ni,M»  anj80  8>V,000 

MsokalLMdaa M,«i  111^780 

Total  OraalBrtlaiaslo*. I.010.W  ■8,180 

SloekatlUrTe 180,888  1M,:80 

Ijm  HkiaO  K78D 

latlaiiilm njm  JMM  43.080 

lUW  SMCO  UflK 

■leckatMraasaa Il.na  8I«880  iljMO 

ist  ismiriisi, 4i,ait  HLtto  i(a,ooo 

istasUsrdaas Ujm  «,180  88.100 

MeahstAalwarp ...„ IJM  UJOO 

tadlat*»sriaaH8Mlil  parts 15JW  87.000 

t«M»  818^180  887,180 

Mi\fli  i,4i»,aoa  i,548.no 

ladlasettnasfcatfBt  ■atsfi i\tjm  888,000  a«k.am 

Ifarbrafe  M,8SI  51.000  78^000 

■crpt,Braa»l,  AcstaatlbrlMiJii rf.88*  48,au>  4\noO 

•tock  la  HaliadSlataa parti inMnt  188^048  iai.au 

Moch  la  Called  Slalaslatartsrpsfli...  *.\m  *  881810  18,MS 

ObHadMalaaeaperlilDdar... IMt  1008 

T88rf*lalUa*awlr balaa.  t^iujn         MMJU         t,l».87n 

or  the  abara^  the  totals  or  Imsrisaii  and  olhst  deacrtptloaa  sra  aa  fol- 


1?75. 
.^sMfiaaa — 

Urarpool  stock 518,000 

Continental  atocka 198,000 

American  aSoat  to  Bnrope 50,000 

United  Sutee  atock 105,359 

United  Sutee  Interior  atocka 8,188 

United  SUtea  expotta  (o-day l.OOJ 

Toul  American balsa.  875,017 

4M  ImUan,  SratU,  die.— 

Ltrarpool  atock 400,000 

Umdon  atock 96,150 

Oootlnental  atocka 201,000 

India  adoat  for  Karope 518,000 

Eerpt,  Braail,  Ac,  afloat 19.000 


1874. 


1873. 


Total  Bast  India,  Ac 1,850.850 

Total  Amertcaa 87S.O<T 


371,000 

832,000 

»S3,000 

Ml.OOO 

51,000 

73,000 

185.046 

134.355 

i0,810 

19,565 

1.000 

841,856 

78i,9t0 

516.000 

475,000 

118.750 

198,500 

818,790 

818,860 

508.000 

385,000 

49,000 

45,000 

1.398,500 

1.416.T50 

841,888 

78»,9t0 

8.4(0,356  8,199,670 

8J<®8Xd.  8«d. 

cotton  in  Bi(;bt  to' 


ToUl  rialbla  aopply ..balaa.  8,185.897 

Price  Middling  Dpianda,  Lirerpool 7Kd. 

These  fii;arM  indicate   a  dtortrnte  in  the 
aii;ht,  of  113,050  balea  as  compared  with  '.he  same  date  of  1874, 
and  a  deer»ue  of  74,373  balea  aa  compared  with  the  correspond- 
ioK  data  of  1S7S. 

MoTBMBim  or  Cotton  at  thb  Intrrior  Ports.— Below  we 
gfiratba  morementa  of  cotton  at  the  ialurior  ports — receipts  and 
shipments  for  the  wt>ek,  and  stock  to-niKht,  and  for  the  corres- 
ponding week  of  1874: 

^Week  endlni  Aog.  18,  '7S-,  ^Week  endinf;  Ang.  14.  '74 > 

Baeelpu.  Shlpmaata.  Stock.   Receipts.  Shipmenta.  Stock. 


Oalaabas. 


Meal 


NaahrUla. 


Total,  old... 


AMaala..... 
SCLoals... 


lot 
n 

81 

T 

• 

1«T 

88 

881 
18 
10 
81 

lU 


881 

no 

188 
7 
18 
108 
144 


1.061 
818 
457 
488 

818 

8joe 

8.808 

8,188 
38 
864 
888 

1.808 


Total,  aaw. 


1« 


i.m 


8,761 


849 


8,178 


ll,08t 


Total,  all. aos  8,015         10,949  1.45*  4,899         81,848 

The  abore  totals  ahow  that  thaold  Interior  stocks  hare  (Uereattd 
inriBK  the  week  Hil  bales,  and  are  to-ni(rbt  VifiU'i  bales  leu 
than  at  the  aame  p«rio<l  laat  year.  Tlie  receipts  hare  been  560 
balea  <«si  than  the  aame  week  last  year. 

Tbe  exporta  ol  cotton  this  week  from  New  York  show  n 
deereas*,  aa  compared  with  laat  week,  the  total  roachini;  661 
balaa,  airaiost  1.493  bales  last  week.  B^lnw  we  i^ive  our  usual 
table  abowing  the  ext<nrta  n'  cotton  from  New  York,  and  th'>iT 
direction  for  each  of  the  last  four  weeks ;  also  th^  total  ex- 
porta and  dlractlon  since  Sept.  1,  1874;  and  in  the  last  ooluma 
tha  total  for  the  same  period  of  tha  prerioas  year. 
Bzp*rta  of  o*tt«a(balaa)  n-oa  Near  Tarlt  alaaa  Bayt.  1 1  18T4 


waas  BVDixa 

Total 

to 
data. 

Same 
period 

KM 

«, 

Aj.. 

Aat. 
11. 

prar'iu 
year. 

Urcneol 

110 

888 

88 

884,879 
7,088 

431,188 

Otkar  MUah  Ports 

Talal  ta  Cil.  Brllala 

Barra 

1,186 

110 

188 

886 

88 

371.91t 
18,848 

438.188 
6,988 

Other  PraachporU 

1,301 

856 

98 

188 

iw 

880 

"ii 

684 

18,848 

88.196 
18J81 
10,488 

8,633 

Oamiaaad  Baaorar 

Oaabarc 

Other  porta 

80,561 
4,048 
3.838 

Tatal  ta  IV.  Barapo. 

■Bala|OpartaAOIbra]larA« 

848 

4J8B 

800 

818 

51,868 

10 
68 

n,84a 

85 

8.647 

TaaafiPHlt  *a. 

.... 

.... 

~U*» 

85 

1,818 

«lraad  Tatal 

L808 

8,817 

Ml 

486.117 

471.109 

TheloliowlBKare  the  roeaipu  ot  cotton  at  Mew  York,  Boston, 
hiladeiphia aad  Baltimore  for  tha  laat  weak,  and  since  Sept.1,'74. 


raw  Toaa. 

aoaroa. 

PHILADBLT'U 

BALTiaoaa. 

Tbis 
weak. 

Since 
■apt.  1. 

^. 

Slaea 
BapCI. 

Thla 
weak. 

Since 
Sapt.1. 

6,916 
4.184 
15,548 

S.i«B 

:8',b48 

Tbla 
weak. 

Since 
SeptJ. 

Maw  Oriaaaa.. 

laraaaab 

MoMla. 

Plorlda 

S'th  Carollaa 
irthCaroltaa 

iflralaU 

Morth'm  Portr 
Taaaaaaea,  Ac 
Poralga 

«8 
807 

8 

180 
19 
00 
It 

1 
l&l 

1.544 

118JB8 

(1,817 

110,187 

1,810 

5.S08 

iiaj8ti 

88.101 
131.807! 

18,)l?0 

1S7.740 

8.101 

88S 

818 
7 

8B.*n 

16.198 

4:.ooi 

80,188 

«;6i8 

73.810 
71,610 

lejoo 

158 

388,888 
849,080 

"ib 

"81 

6 

83 

:98 

isins 

11.800 
18,917 
61,807 

aiiat 

Total  tklsysar 

801.-84 

1.04 

88 

68.487 

119,781 

Total  last  ysar. 

1801 

961,800 

8.618 

461 

48.718 

88 

i: 1.890 

166 


THE  CHRONICLR 


[August  14,  1876 


Shipping  News. — The  exporiB  ot  cotton  from  the  United  States 
t  he  past  week,  as  per  latent  mail  returns,  have  reached  1,814 
bales.  So  far  as  the  Southern  ports  are  concerned,  these  are  the 
same  e x no rts  reported  by  telef(raph,and  published  in  ThbUhbom. 
ICLB  last  Friday, except  Oalveston, and  the  figures  for  that  port 
are  the  exports  for  two  weeks  back.  With  regrard  to  New  York, 
we  iucludethe  manifests  of  hII  vessels  cleared  up  to  Wednesday 
nisrht  of  this  week.  .j.^^^,  ^aie. 

Niw  YonK— To  LlTorpool,  pcrstesmcrB  Dakota,  JI BrlUnnic,  5 86 

To  llambnrK.  per  steamer  Pommerania.  U....     It 

To  Araeteroim.  per  steamer  Maae.  624 644 

Nbw  Orikanb— To  Liverpool,  per  steamer  Oberon,  S81 281 

C"H  ABLKSTON— To  Liverpool,  per  barK  Ada  P.  Ooold,  887  Upland  and  4 

Sea  Island 841 

Boston— To  Liverpool,  per  steamer  San  Marcos,  81 81 

Total 1.814 

'I'liB  )tri.icular«  >i  c  i.in«  snione'us.arrantred  in  our  usual  foriu 
are  as  follows: 

Liverpool.  Hamburg  .Amptcrdam .  Total. 

NewTork 26  11  6U  661 

New  Orleans .   Ml  ....  ....  881 

Charleston 841  ....  ....  841 

Boston ...       31  ....  31 


Total I.n9 


11 


684 


1,814 
to 


Bb1(^w  we  give  all  news  received  to  date  of  disasters,  &c. 

vessels  carrying  cotton  from  United  States  ports  : 

Statk  op  Alabama,  str.,  (Br.)  Flini,  from    New   Orleans    for   Liverpool, 

jrronnded  on  the  Bar  at  the  Passes,  and  on  the  9th  of  Augnst  was  being 

lightened  to  get  off. 

Prairie  Bird,  bark,  from  New  Orleans,  before  reported  at  Key  West,  with 

her  cargo  on  fire,  completed  re-loading  and  sailed  for  destination  Aug.  3. 

Cotton  freights  the  past  week   have  been  as  follows  : 


, -Liverpool. 

-^ — Havre. — ,  . Bremen. 

,^Hambarg.-. 
Steam.    Sail. 

Steam. 

Sail. 

Steam.  Sail.     Steam.      Sail. 

d. 

d. 

c.        c.            c.           c. 

c.           c. 

Saturday @ii 

..(»« 

11-16                 >^comp.      .. 

Xcomp.     .. 

Monday @« 

..wx 

11-16        ..        )<comp.      .. 

Jicomp.     .. 

Tnesday @X 

..&)i 

11-16        ..        >icomp.      .. 

Xcomp.     .. 

Wednesday    ..®ii 

■■^« 

11-16        ..        >jcomp. 

Jicomp.     .. 

Thnraday..     ..@!< 

11-16       ..        ifmmp.      . 

>icomp.     .. 

Friday &ii 

..a^ 

11-16                 >icomp.      .. 

^comp.     .. 

LiVBRPOOL,     Aug. 

13.- 

4  P.  M. — By  Cable    from    Liver- 

POOL. — The  market  has  ruled  quiet  to-day.  Sales  of  the  day 
were  13,000  bales,  of  which  2,000  bales  were  for  export  and 
speculation.  Of  to-day's  sales  7,000  bales  were  American.  The 
weekly  movement  is  given  as  follows  : 

Julyaj. 

Sales  of  the  week bales.    61,000 

Forwarded 6.000 

of  which  exporters  took 16.000 

of  which  speculators  took 6,000 

Totd  stock 1.036,000 

of  which  American 59^000 

Total  import  of  the  week 45,000 

of  which  American 14,000 

Actualexport        10,000 

Amountafloat 44';,000 

of  which  American 56.000 

The  following  table  will  show  the  daily  closing  prices  of  cotton  for  the  wee  k 

Satnr.         Mon.  Tues.       Wednes.       Thurs.       Fri. 

Mld'g Uplands.  ..©TV        ..@73<  ..mH         7  3-16        ..®7X        ..@7)i 

do    Orleans..  ..@7X        --©IX  ..@7>f         7  7-16        ..©7%        ..@7Ji 

EOROPBA.s  CoTi'ON    .MAKKBxa. — [n  reference  to  these  markets 

'our  correspondent  in  London,  writing  under  the  date    of  July 

31,  1875,  states: 

Liverpool,  July  29. — The  following  are  the  prices  of  middlinjr 
qualities  of  cotton,  compared  with  those  of  last  year: 

.-Fair  &        -Good  <fc  ^Same  date  1874- 
,-0rd.*Mld^      g'dfair^        Fine.-,      Mid.  Fair.  Good. 


Jnly  30. 

Aug.  6. 

Aug.  13. 

74,000 

6S,000 

68.000 

e.ooo 

8,000 

3,000 

18,000 

13.000 

11,000 

9,000 

5,000 

4,000 

,013,000 

959,000 

934,000 

584.000 

55:j.000 

584  000 

44,000 

18,000 

47.000 

86,000 

5.000 

7,0i|)0 

10,00fl 

13,000 

15,000 

404,000 

401.000 

385,000 

89  000 

36,000 

21,000 

BREAD  STUFFS. 

Friday.  P.  M..  August  13,  \erii. 
The  flour  market  was  firm,  with  a  slight  upward  tendency  in 
prices,  till  Wednesday,  when  a  reaction  set  in,  and  has  since 
been  dull  and  depressed.  Shipping  extras,  which  sold  at  $0  37^® 
16  60  on  Tuesday,  were  offered  yesterday  at  $8  25.  St.  Louis 
and  Southern  flours  were  shaded  to  sell.  The  course  of  the 
market  has  been  almost  wholly  controlled  by  the  fluctuations  in 
wheat.  To  day,  there  was  a  further  decline,  with  a  line  of  extra 
Stale  sold  at  |6.  Thus  the  whole  advance  early  in  the  week  hag 
been  lost. 

The  wheat  market  opened  active  for  export,  with  Liverpool 
advices  excited  and  buoyant,  but  there  was  less  speculation  with 
us,  owing  to  the  better  weather  at  the  West  and  the  soft  condi- 
tion of  much  of  the  wheat  arriving  by  caual.  On  Tuesday  a  very 
large  business  was  done  for  export,  and  for  arrival  this  month 
and  first  half  of  Septemlier,  at  |1  40@$1  41  for  No.  2  Chicago, 
$1  46@$1  4ei  for  No.  2  Milwaukee,  $1  50@J1  51  for  No.  1  spring, 
and  $1  60@$1  62  for  amber  winter.  From  these  prices  the 
market  had  receded  yesterday  some  3@4c  a  bushel.  Now  spring 
wheat  in  moderate  quantities  has  been  sold  to  arrive  at  Chicago, 
and  the  recent  heavy  rains,  it  is  now  very  certain,  did  very  little 
injury  in  that  quarter,  while  in  the  winter  wheat  section  the 
injury  was  more  to  quality  than  quantity.  To-day,  Liverpool 
reported  a  lower  market,  and  London  advised  unsettled  weather. 
There  was  a  further  decline  of  3@4c.,  with  sales  of  No.  2  Chicago 
at  $1  32@$1  35  and  amber  winter  quoted  at  |1  50@$1  55. 

Indian  corn  has  declined  rapidly  under  the  unfavorable  foreign 
advices  and  improved  prospects  of  the  growing  crop,  until  yester- 
day, when  81@84c.  was  freely  accepted  for  fair  to  prime  new 
mixed.  White  corn  has  been  in  better  supply,  and  closes  quite 
unsettled,  with  a  downward  tendency.  To  day,  fair  to  good  new 
mixed  sold  at  80@82ic.,  and  prime  old  in  store  at  85c. 

Rye  has  been  firmly  held,  but  very  quiet.  BarUy  has  been 
without  change.  To-day,  a  load  of  prime  Canadi  West  sold  for 
October  at  $1  25. 

Oats  were  active  and  buoyant  early  in  the  week,  with  sales  of 
No.  2  Chicago  at  66c.  in  store  and  68c.  afloat,  but  in  the  last  two 
or  three  days  the  market  has  been  dull,  and  prices  drooping  and 
unsettled.  To-day,  holders  gave  way,  and  tliere  was  a  liberal 
business  in  prime  mixed  at  62c.  in  store  and  63@64c.  afloat. 
The  following  are  closing  quotations : 

Flour.  i  Grain. 

No.  8 V  b!>'-  *4  50®  5  10  |  Wheat— No.3ipring,  bush. tl  87®  I 


Sea  Island 16 

Florida  do 15>f 


18 


19 

17 


20 
18 


83 

80 


34 


Ord.  G.Ord.  L.MId.      Mid.     Q.Mid.  Mid.F.  Mid. 

Upland..  6Ji      »)4         6  13-16    7  1-16    7  5-16     7H  8)i 

Mobile...  6>j       6X           6  1.3-16     7  1-16     7  5-18      7Ji  8K 
Texas...  b)i      6X          6  13-16    7  1-16     7  5-16     T« 

N.Orl'ns.  6«      6J^          7              7  5-16    7X          8X  SH 
Since   the  coiumonoenient  ol    tbe   year   the    tri 
speculation  and  for  export  have  been  : 


11)        22 
17        18 

26 
80 

G.Mid. 
8^ 
8X 

M.F. 

8X 
tnsaction 

s   on 

Superfine  State  &  West- 
ern   ."i  35®  575] 

Bxtra  State,  &c 6  00©  6  25  i 

Western   Spring   Wheal  | 

.extras 5  90®  6  40 

do  XX  and  XXX 6  60®  7  75  1 

do  winter  wheat  X  and 

XX  6  40®  840 

City  shipping  extras. .  ..  6  25®  7  00 
City     trade   and  family 

brands.    ..   725ffl885 

Southern  bakers'  and  fa- 
mily orands 7  50®  8  50 

Southern  shipp'g  extras. .  6  50®  7  iO 

Rye  flour  superfine 4  7518  6  85 

Cornmeai— Western,  &c.  4  00®  4  40 

Corn  meal— Br'wlne.  &c.  4  90®  5  OC 


."Jo.Ssprlr.g 1  32<t  1  39 

No.  1  spring ..  1  45®  1  47 

Red  Western 1  45®  I  48 

Amber  do 1  .50®  1  55 

White 1  57®  1  68 


85 
91 
86 


Corn-Western  mixed ...        75® 

White  Western 88® 

Yellow  Western 83® 

Southern,  yellow @ 

Rye 95® 

Oats— Black .  .  ®  ... 

Mixed 62®      64 

White    64®      68 

Barley— Western @    .. 

I     Canada  West 1  25®  1  30 

State 1  15®  1  25 

I  Peas- Canada 1  18®  1  40 


1  18 


^Actnalexp.from       Actual 
Llv.,  Hull  &  other  exp'tfrom 


1875. 
bales. 

American 159,340 

Brazilian 5.330 

Bijyptian.  &c.  11,380 
W.  India,  ,&c.  1,760 
U.  India    &c.  60,390 


^Taken  on  spec,  to  this  date—       outports  to  date^ 


1874. 
bales. 
145,460 

18,100 

13,200 
2.180 

45,960 


1873. 

bales. 

110.860 

:j,840 

6,680 

9i0 

43.900 


1875. 
bales. 
60,613 
11.418 

3.770 

10,750 

127,512 


1874. 

bales. 

72..363 

15,010 

5,901 

7.813 

163,155 


ToUl 888,340         234,960  166,140         280,063  363,615  383,580 

The  following  statement  shows  the  sales  and  imports  of  cotton 
lor  the  week  and  year,  and  also  the  stocks  on  hand,  on  Thurfdiy 
evening  last : 


The 
lows  : 


inovement   in  breadstuSs  at  this  market  has  been  as  fol- 


-BBCBIPTBAT  NBW  TOBK.- 


1875. ,        since 

For  the     Since         Jan. 
week.      Jan.  1.       t.  1?74. 
Flour,  bbls.     93.406    8,051,990    S.427.916 
C.  meal,  "  .        2,706  ai,857        135,853 

Wheat,  bas.2,126, 160  14.8111. .626  a6,J8.M8« 
Corn,  "  .  652.852  12,535,595  30,819,026 
Rye,        '•  7.420  88,151       445.430 

Barley.  "  .  8J,.575  1,164,543  700.393 
Oats  ..."  .     104,506    .6.067,906    5,619,306 


EXPORTS  raOK  NBW  YORK. . 


1875. 

Fort  tie      Since 

week.     Jan.  1. 

41.095    1,188,576 

1,502        107,262 

651,625  14,650,208 

203.884     7,242.475 

6,903        120,!6i 

no 

215         75,103 


1874. 
For  the       Since 
week.      Jan. 1 . 

40,078    1,367,287 

8.3S3        124,«96 

40:3.515  2.3.800.095 

774,885  :4,:i97,7S7 

■  7,B77       5:jl,C01 


64 


74,351 


Trade. 
Auierican ..  bales .  89. 5;W 

Brazilian 9,7.30 

Bgyptlan 3,560 

Smyrna  &  Greek  I ,  „.„ 
West.  Indian....  1^'"™ 
Bastttndian 12,280 


SALBS,  BTC,  OT  ALL  DB80RIPTION8. 

—Sales  this  week ,      Total       Same 

BX'  Specula-  this        period 

port  tion.  ToUl.  year.  1874. 
5,720      7,700      41,4:)0  1,045,160 1,245,510 

500        ...         10,880      279,610    243.990 

140         8:i0        3,800 

20    J         ^'^ 
■*"    1    1,280 

920       16,910 


Average 
weekly  sales 

1876.      1874 
32,790 

8,790 

5,160 


220 
6,030 


The  following  tables  show  the  Grain  in  sight  and   the  move- 
ment of  Breadstuff's  to  the  latest  mail  dates  : 

RKCBIPTS   AT  LAKE   AND  RIVBR   PORTS    FOR  THE  WBBK    BNDING 

AUGUST  7. 


fotal 66,080  11,610      8,870 

-Imports.- 


Amerlcan.. 
Brazilian  . 
Bgyptian  ■  .  .. 
Smyrna  &  Gr'k 
W.  Indian  .... 
Bast  Indian.. . 

Total.... 


To  this  To  this 
This         date        date 
week.        1875.         1874. 
26,481  1,35.3,686  1,417,334 
4,946      3n,.351      .3i7,54! 
158,771       180,389 
2,.3S1  1,963 

33,019       43,168 
467,201      441,106 


78,610  2,036,860  8,871,640  .59,300     60,18 

Stocks. , 

Same 


1,120 


2,572 
9,0«O 


Total. 

1874. 

I,949,a30 

494,040 

297,124 

8,6.38 

97,788 

818,053 


This 
day. 

594,080 

113,400 

7-1740 

1,91(0 

9..300 

830.740 


date 

1874. 

41.5.040 

166,550 

84,8.30 

1,730  I 
89,880  f 
844.900 


Dec.  31. 

1874. 

274,780 

82.,520 

73,660 

23,480 

2.30,870 


44,129  8,327,808  8,413,501      3,668,678  1,018,880     998,9.30    684,710 


At- 
Chlcago.. . . 
Milwaukee. 

Toledo 

Detroit  

Cleveland. . . 
St.  Louis... 

Peoria 

Duluth 


Total 

Previous  week... ».  . 

Oorresp'ng  week, '74 

"  '78. 

'78. 

"  "il 

•70. 

♦  Estimated. 


Flour, 

bbls. 
(196  lbs.) 

86.033 

85,321 
1,590 
3981 
2.687* 

10,8.32 
2,700 
3,035* 

7S,  179 
89.044 
88.255 
9ti.693 
66,108 
l!0,n,i8 
92,834 


Wheat, 

bush. 

(60  lbs.) 

351.995 

5!)9,748 

85.728 

50.526 

4,3.60 

165,848 

3,313 

118,506 

Ma4.609 
3,829.018 

1.1R4.7:« 

849.460 

65H.8J2 

1,827,540 

1,599,732 


Com, 

bush. 

(56  lbs.) 

755,953 

18,5;0 

83,215 

6,9S8 

700 

54,642 

121,870 


1,044,883 
1.840,466 
1.217,359 
1,885.188 
1,721.535 
1,291,489 
809,433 


Oats. 

bush. 

(82  lbs.) 

46,890 

20,125 

3,052 

2.687 

1,950 

63.721 

35,100 


178,525 
807,6.53 
904,9i7 
440..377 
309,810 
1,059,162 
996.365 


Barley,        Rye. 

bush.        bush. 

(48  lbs.)  (58  lbs.: 


8,060 
5,970 


900 
400 


15,330 
8.153 

32,0M 
7,318 

28,235 
117,807 

37,082 


6,39! 
5,00( 


5.511 
18,69( 


29,59 
29.1(1 

Hi.no 

28,60 
31,l((i 
99,63 
56,17 


Angnst  14,  iSTS.'! 


THE   CHRONICLE. 


167 


SamocxTs  09  Fiotm  ajxv  Grain  from  lake 
weak  endlafr  Aug.  7, 1875,  and  from  Jan.  1  to   Aa^. 
for  four  yakra : 

Ploar,     Wheal, 

1«U>B    l.n-<,T4<. 
lOMU    tOHlts 


porta    for   the 
.   7,  iocluiilTe, 


WMkiirfad- 

Amc.  T.  T5 

JaTy»».1» 

Jaly»«,"n 

Jaly  n.  r»... 


Jaa. 


Cora, 
>>n«li 

l,7W.»li 

i.trt.tm 
i.tM.on 


Out. 

bach 


ailt,4H 


I  Ktdata MM.>U  n^aiMn  M.931.9n    kW.MT 

!  tiB«  WT4 s.«M,«B  Mjmuai  ».8«i,jn  *,mi.fm 


I  1873. 


is'K.m  n,m.M9  i8.4i».ai  iimsia 


HuMUaM  um «.mi«  «,aot;o«  4o.Mi.in  im*mi4 


Barle). 
baitb 

SSM 

1.571 

S.3» 

m.7«8 

i.tn.«» 
i.sK.ns 
i,0BS,m 


hniih 

11.(14 

18.016 

^s» 

in* 

s»,4ao 

*JM.<ilt 
10(t.8H 

ii4.3n 


■BCBZPn  or  ruoan  ahd  oham  at  «basoabd  roRTa  ron 
WBKK  ■vone  Auo.  7, 1875,  and  rsoK  Jas.  1  to  auo.  7. 


TBV 


Al— 

NawTafk 


Hoatrail 

PkOidalpUa. 


Floer, 

bbliL 


»^I9 
*l;«n 
14.000 

lun 
ijm 


IbwOilaaBa 

Tefal 1W.IM 

Pmloaawcak 147,4M 

Oor.  iraak-74 n4.m 

TatalJaa.1  to 
11914 
il«n 


Wkaat, 
^^ 

mV«w 
iio,no 
i«a.0Do 


Con, 
baftu 

«8i.4n 

lt.01* 
1*4.710 
ia4.4N 

147.11i 

«a.i» 


OaU, 
bash. 

ut.*n 
sr.«*i 

l.SOO 
t.S4» 
S«,7W 

i«.aao 

tA.M* 


Barter, 
hath. 

».gl8 


Bye. 

bavh. 

7.Mi 


*4».4»4  i.rN.SM     «n.9i* 
ijin.s7«     9U.7H    tajM 

I,0M,W1     :.»W,9di     Bl.VS 

.*.«K*>o  iMn,7«  an.imjmt  V«T.a( 
.■kin.«w  ir.4n.i«s  u.»o.<m  ii4U,iM 

.    AI4MI*  l&nMM  *«.87I.a9  IC1I«.*M 

tta*  t«n. 4.443,arT    T.n«.lll  4«.il4.M  M.Ok),*M 


1*.8I8  «,S4* 

a,uo  S.S30 

ll.»75  4.407 

«s.i»7  iMjm 

;4a.ois  4so.Tr 

l.*0*,7«*  6l«.7n 

1,»116*  4*6,170 


•  Katlmaled. 

Tbb  ViaiBLB  8oprLT  ow  (iKAiN,  iMludioK  (be  aioek*  in 
l^ranarj  at  '-'.n  priaeipal  polnta  <>f  aeewaolatloa  at  lake  and 
•e aboard  pnru.  Id  iraaait  oa  the  lakt^,  the  New  Tork  eaoala  and 
by  nil,  Aug.  7,  1875 : 


la  •uav at  Maw  Tack.., 
Ia»t(Mea«  Albaay  .... 
la  fton  at  BaflMai..... 

la  MotaalCUeate 

la  etofa  U  Mllwaakaa. . 
la  •lor*  at  Oalatk-. . 
la  Inn  t^' 
Id  rtorr  «t  I>< 
Is  twn  •! '  >»a 
la  •U>re  at  »u  I 
la  Mot*  at  r 
la  Man 

la  Mac*  at  Toraate 

la  Mora  at  Moolraal. 

la  Mar*  at  Phlladalphia*... 
la  elofa  at  BalOiBat** 


tlKTM 

.  LIU.in 

M*l«T4 

«m*n 

MMT 


Cora, 
bath. 

i..ia 

s.aa>.*«* 


baab. 


I.Ut 
IIMl* 

*Ban 


■Kit 

LIM 
livid 


.«J?. 


Ult 


OaMawTadii 


Total 

Jaly  n,  im. 
Aa«  a.  WN  . 


vS&Sn 


t>*.l« 

i«.Md 

1* 

I7JIP 

*.«» 

ao 

IS* 

**.«« 

Il«« 

it.m 

lt.4«S 

!.110 

I.IM 

*0.0t( 

«!,••» 

, 

«.«4» 

*\Ma 

4ft.t«0 

M 

Oi 

**.IN7 

«.o*r 

1S.MI 

UMi 

.    , 

**0.M 

■lato 

!.«*§ 

aod.«S 

M,«i* 

U(M«.«*i 

lll.44t 

>.*. 

.... 

t:8Li« 

ura 

UR 

1*.«14 

■Ot.1li 

«^M 

HOM 

%r.% 

t.tmjm 

lt.BU 

Ti.a*4 

ym.** 

M.487 

•«.«•« 

T.otija 

tSkm 

ffI.M4 

■MM 

THi:  DRT  GOODS  TRADE. 

ramaT.  P.  lU  Aofaat  IlL  tStL 
Th«  tmd*  ivireaaat  haa  been  alow  tmi  Itra^ alar,  and  barera 
from  aO  aecJoaa  of  the  eeoatij  hare  eMtdoeted  their  opersllona 
with  ritreme  caatloB,  bordoftaf  oo  timidity.  A  lair  qnaatltjr  of 
aaaorted  mercbaodlae  haa  baaa  taki^o  by  the  City.  Soaihem  aad 
Tallfonila  tntde,  bat  the  Waotern  jobh***  have  eTineed  ena- 
tiderable  baatiaacy  In  eoatlanlDfr  their  pawbaaaa.  daapite  more 
faTofobla  leporta  ra^afdlai^  the  amoaat  ot  damaf  e  doo*  to  the 
erepa  by  loeaat  atonoa.  Coaaiaaioo  bo«a*a  traaaaeted  a  moder- 
ate bfiatBeea  ta  wonted  4r*aa  food*,  ahawla,  felt  aklrta,  hoalery 
aad  ihirta  and  drawera.  bat  atapt*  domMda daMaa  gooda  rtra^fod, 
and  woolen  fabrica  ralad  qalet,  except  (1*awala,  which  alone  wrr* 
eomparaiiTely  aatlve.  The  moat  nouhle  fkatore  of  tbe  Pall  trade 
eo  far  aa  aeeompllabad  la  aaen  in  the  eiuaoely  amall  qaaniltlea 
nf  fonda  wbirh  ara  aalaalad  by  indiridoal  boyora,  maay  oi  whom 
are  not  parebaalaK  OM*  half  of  their  oaaal  amoanu.  Prioaa  of 
dooieallc  prodaetioaa  have  bam  fairly  aoatained,  altbooKh  there 
haa  been  morv  dhipaaltieB  oa  tbe  part  of  boldera  of  cotton  gooda 
to  meet  bnyera'  view*,  aad  a  few  makee  oi  fkaer  eaaaiiiiarea  Ac, 
deraloped  a  dmnpinK  laadeacy.  The  aarani  ehawl  manafac 
tarera  placed  their  Pall  ftood*  on  tbe  market  at  aboat  laat  year 'a 
prtcea,  and  each  promliteal  makee  aa  tbaee  of  the  Waterrllet, 
Peocedalr.  Metboea  aad  Waterloo  milla  were  well  received  by 
the  trade.  Tha  Importiaf  branehra  coMlanad  doll  and  faatare- 
laM.  aad  hwi«a»a*  raamined  laaetive  witk  the  city  Jobbera. 

DOMMTIC  OOTTOll  OoODa — Aa  noted  above  there  ban  been  an 
Irreiralar  demand  for  eotloa  iraada,  and  while  flannela,  dyeil  darka 
and  plaid  clkevlota  were  taken  in  lilieral  amoaata,  brown  and 
bleached  mttona  drafrged  ai>d  Id  imme  eaaea  prtcee  were  barely 
maioUlned.  Ttekinga,  which  bar.'  areumalated  la  a^nU'  honda. 
were  pre»«ed  to  aale  at  lower  fit;urK8,  aad  a  few  makee  of  floe 
brown  aheellnga  dadlaod  fe.  per  yard.  Print  eintba  ruled  qalet, 
■a  iBoat  of  the  priatem  aia  well  aui^plied  with  riotha  for  current 
waata,  aad  are  India poaad  to  pay  tlie  florae  ilemandrd  by  Fall 
Birar  heldeia— S|e.  Sal«a  of  ontaiijr  make*  of  extra  (t4i(M  cioiha 
at  5^,  80  day*.     Prioi*  were  In  ateady  bat  limited 


demand,  and  the  aapply  on  tbe  market  was  increased  during  th 
week  by  the  opening  of  Spraguaa  at  8c.,  Waehington  and  Knicker 
bocker  at  8ic.,  Freemans  at  7t,  and  Arnolds  at  SJ  and   9^,  all   of 
which  met  with  moderate  salea.     Gin(;hama  were  in  improved 
reqaekt,  and  tbe  best   standard   makes  are  largely  sold  to  arrive 
There   was  a   fair  movement    in    grain   bags  at  steady  prices 
Domestic  twines  were  quite  active  with  an  advancing  tendency 
caused  by  deereaaed  production.    Carpet  warps  and  yarns  lacked 
animation,  bat  cotton  batis  were  sold  in  fair  amounts. 

Domestic  Woolen  Goods. — The  movement  in  woolen  goods 
for  men's  wear  has  not  fulfilled  expectations,  and  selections  were 
made  in  email  lots  necessary  for  the  pursuance  of  current  trade. 
Fancy  cassimerea  moved  slowly,  and  some  of  tbe  lower  grades 
were  offered  at  a  concession  from  previou*  holding  rates.  Cloths 
and  doeskina  remained  inactlTe,  and  there  was  only  a  limited 
demand  for  beavrrs  ^nd  other  overcoatings,  althougii  some  fair 
deliveriea  of  fur  )>eavers  and  Elysians  were  made  on  account  of 
former  orders.  Worsted  coatings  continued  in  good  cequest,  and 
tbe  supply  of  heavy  weights  has  been  well  reduced.  Printed 
satinets  and  Kentucky  jeans  were  sold  in  moderate  amounts. 
Flannels  manifested  increased  activity,  and  tbe  sales  of  the  week 
reached  a  large  agtrregate  amount,  but  blankets — although  dis 
poaed  of  in  nnmemna  small  lota — dragged  heavily,  and  up  to 
this  time  sales  are  greatly  behind  last  year  in  amount.  Worst- 
ed drees  fabrics  and  woolen  and  worsted  shawls  were  fairly 
aetive,  and  there  was  a  steady  distribution  of  fancy  wool  hosiery, 
ahiru  and  drawer*,  Cardigan  jackets  and  other  descriptions  of 
fancy  knit  woolen*. 

FoRBioN  Drt  Goods— There  baa  been  a  slightly  increased 
demand  tor  the  most  staple  fabrics,  but  the  general  movement  in 
Imported  goods  Jiaa  been  'aagaid  and  unsatisfactory.  Black 
eaahmerv,  pore  mohairs  and  a  few  descriptions  of  fancy  British 
dreaa  gooda  met  with  moderate  Mtlea  bat  were  not  quick.  Silks 
remained  qalet  except  black  groe-grain  and  taffdta  ribbans  for 
which  'here  was  a  steady  inquiry.  Linens  and  white  goods  moved 
alowly  and  handkerchief*  were  doll.  Woolen  goods  for  men's 
wear  contlnaed  very  quiet  and  aelections  were  of  the  most  limited 
eharaeter.  Tbe  regular  auction  sales  have  commenced  and  daring 
the  week  somewhat  undeairable  lines  of  linens,  white  goods, 
hoalary  aad  woolen*  were  dispoaed  ol  at  prices  which  entailed  a 
loas  opoa  the  sellers. 

The  liaportationa  ol  dry  gooda  al  this  port  (or  tbe  week  ending 
Aag.  12,  1875,  aad  the  oorraaponding  week*  of  1874  and  1878 
have  been  aa  follows : 

aarsBso  poe  ooBMmmoa  pea  tbb  wasa  saDiaa  AtreosT  U,  1875. 


. 1*18 . 

, 1874 , 

-■ — 1878 , 

Pkct     Valae. 

Pks*.   Valaa. 

Pk«*. 

Valaa. 

Maaafactoraaolweel.  . 

I.B4B     |«8«jaB 

LOM 

M7I,40S 

1061  |l.017,4«8 

du              aottoa. 

Ijm      4MM8 

881 

8«t.T48 

LIB*        BOl,0aD 

do               *Uk.... 

.  ISO     mum 

t«4 

408.787 

8BI        •Bfi.lTO 

do               las... 

UM       IRjMB 

*81 

1*1981 

l,t8<       1*4,1«B 

87* 

1I(,B19 

0*1       111.948 

-ratal      

8.(84  «l,IM.nB 

1,SM  |1,411,W> 

S,*8>  tt.818,718 

aiiaaaaaa  rnoa  WAaaaoota  aid  raaowa  imto  raa  aAaarr  Doana  t>b 

■AaaFBBjon. 

Maaaractarea  of  wool . . . 

8«T     •188,880 

1,001 

848*.  190 

1.00*     %m,¥>9 

do               eottoB. 

48*       Ul.Hl 

4M 

l».r« 

419        154.0*1 

4e              atlk... 

IM       I7S.«ST 

IM 

141,104 

170       ie«,«38 

do               lax.... 

8M       18L14d 

«ir 

l'M,0» 

7*0        158,879 

M         17,1*0 

117 

Mt,78S 

511         M,4«7 

Total           

xm   tan.iM 

as 

|«lU.t75 

1978     1978,484 

t,*e»  *,iH4n 

l.4tl.«88 

«.»B    1BS8,7IS 

roial  tbrowaapoa  ■'k't. 

i»6»».mjm 

B.«8  st.4a*.iae 

9.111  »s.6sino 

avraaaofoi 

%  WAaaaoosiaa  mmno  aaaa  paaion 

Maaatactaraaer  woo). . . 

7S4     •S3a,t8B 

•77 

IWS.170 

1.478     t*M.T7S 

do               eottnn. 

441        148,1*4 

«o 

Sl.OOl 

«91       *3«,II8 

do               (Ilk  ... 

tn     *»,i<» 

91 

10*.4I4 

**8        8l*.g84 

ao                iax. 

4"*     la^444 

m 

llO,t»« 

748        14«,8I9 

«*        »44« 

irt 

*0,748 

801          54.851 

N d<>  wKPt^TdB*!  lut  * 

!.*•*      I8TT4I* 
1*88    tUSJOB 

i,*ao 
a.SM 

|840,IM 
1,«11.H( 

8.«B<  •ijn.tos 
a,M8  i«ae,78» 

Foul  eniereil  •.  the  port 

.7,*M  •a.818.888 

5.*44  »t.081,S75 

9,818  t«.03T,731 

We  annex  prieea  o 

a  few  articlaa 

ot  dumaatlc  manafacture : 

rottea  Sail  Daek. 

ITnodlwTTT    aad    Dmid 

No.  « 

..    » 

Oaurto  and  Woodberry 

MIIU  and  naetwlDC. 
NoO A 

No.  9 

.    •* 

CHA  SUndard  *9W  In. 

No.  10 

..    M 

do 

8  oa.    xo 

Ho.l <B 

No.* a* 

LtKht  daek— 

to 
do 

Hat.   n 

10  ox.     14 

No  8    *4 

Brar  (lloa.i*Sln 

..     17 

do 

11  ox.    19 

Not* 8* 

do  heavy  (9oa) 

..    *0 

do 

ISox.    88 

No  8 80 

Monl.KaTenaima.    )• 

Ontario  Twin,  WID.    11 

do          40tn.    » 

do 

*Mn.    ** 

flo.T                           8* 

■acs. 

Kx  twls- 

Polheio'."   It 

Amatcsa 18  10 

OourioA 

80  00 

IBIarkA 

31  00 

Awotkaac.....      (8  to 

do      B 

4*80 

1    do    C  S  bniih     41  w 

Biratator              *ff  m 

do      C 

so  00 

do     *)f  bath      M  oa 

LadlewAA. 

PowhattaaA. 

10  00 

Phi  It  A. 

80  W> 

l,ewi>ton *8  to 

do         B.. 

*B00 

do   B. 

KnnkllDTiD*..     8^  00 

do         0.. 

40  00 

do  0 

Moouap 80  00 

Cottoa  Ta 

ma. 

Kmprexftto  11...    IB     1 

8arx*ant    « to  11 

15 

ITL 

«tol*..     85 
do     ..    H 

PeadlaloB    do    ..    IB     1 

Poataaoy     do 

..     15 

XXX 

168 


THE  CHRONICLE. 


[Angast  14,  1875. 


UENERAL 

PRICES  CURrtENT. 


&8HB8- 
Pot..  .  . 


•  •  50 

•  U  OU 
«  SO  Oil 

.»    1  80 
«    ■■■ 

a  .... 

a  S5UU 

a  35  00 


BRBAD3TOFFS—8««ipeolkl  report. 

UUII.DINO  MATBlilAXH— 

fricJtf—O'oiumon  nurd,  afloat 2  25 

Oroton 11  IW 

PhUailBlphU.  ....  MHO 

Vement~\it»nttf\fii%'. 

i^m«—l(ocklaQ(l.  common 1  10 

ICocklaad,  (lQl~tilng 1  XI 

Lurnber—HoalUera  pine 25  ^ 

White  pine  box  boards 16  50    _ 

While  pine  merchaa.  box  bos-.'d>.  a  00   a  27  00 

(Mearplne 5310    *  65  00 

Oakar.daah 40  00   «,60  00 

niackwalnut 75  00    9100  00 

Borare  boards*  planks 18  00    a  25  00 

Hemlock  boards  4  planks 16  "O    9  20  00 

iVa<{«— :oa<Od.com,ren  «  sb.V  keg    S  20    a    3  25 

Clinch, IHto  .Sln.&looger 5W   a 

Idflna 5  55   a 

Cutbplkes.allslzes 3  45    a 

J°to(nM— bead. white, Am, pure. Inoll       II    a 

Lead, wh.,  Amer., pure  dry -H^ 

Zinc,  wh.,Amer.  dry.  No.  1 1    a 

BIncwh..  Amer..No.I.lnoll "Xa 

Parlawhlte.BnKllsh,  prime  gold...    I  3a    a 
BtJTTKU— (Wholesale  Prices)— 

Hairflrkin9(Kust*n;  3as  to  selections 

Welsh  tubs,         

Half  flrklns(Wc»t'n)  "        " 

Welsh  tnbs         "        "       " 
CHKK8K— 

NewState  factory,  fair  to  good 

Western,  good  to  prime o 

COAb- 

Anthraclto  (by  cargo) 5  25 

Liverpool  gas  cannel 


6  50 
5  70 
3  70 


30  a 

^>o  a 

a  a 

12  a 


1  SO 

31 
2* 
25 
24 

lOX 

a  >H 

a  <60 

9  13  00 

Liverpool  house  cannel 9  17  00 

COFFKK— 

mo,  ord.  cargoes,  ooasodays,  gold.      I7;ia  nx 

do  fair,                  ilo        gold.      isna  \i\ 

do  good,               do        gold.      is><a  19X 

do  prime,               do        gold.       19X9  20 

Java. mats  and  bags gold.      25   a  28 

NatlvoCeylou g^id.      21    a  22 

Maracalbo    gold.       21    9  23 

Laguayra gold.       21    (^  21H 

St.  Ooiningo gold.       I'Xa  18 

Savanllla  gold.       20    9 

Costa  Rica    gold.        H    9  22 

COPPBK- 

Bolts 9  81 

Sheathing,  new  (over  12  oi; 9  30 

BrazlerB'(over  l«07..) 9  31 

American  Ingot,  Lake. 9  23 

COTTON— dee  special  report. 

DRUGS  *  OYBS- 

Alom,  Inmp 2%9  2X 

Argols. crude gold.       17    9  24 

i.rgols.renned "          28    9  KH 

Arsenic,  powdered '•           »^a  sjj 

BIcarb.soda, Newcastle "       4  25    3  4  371< 

Blohro.  potash.  Scotch "           16X9  16H 

Bleaching  powder 1  75    a  2  OO 

Brlmstone.crude.per  ton "      36  50    a    

Brimstone,  Am.  roll *».        SK9  .... 

Camphor    reflned 9  24 

Castoroll.K.Ulnbond,  VgaL.gold.       85    a  .... 

Caustic  soda "       4  45    9  4  62>< 

Chlorate  potash "           20X3  51 

Cochineal, Honduras •'           1!    9  55 

Cochineal.  Mexican '          42X9  45 

Jream  tartar .■ "          35X8  S6X 

3nhebs,KaBt  India a  8 

Cntch gold. 

Rambler  

SInseng cur. 

Glycerine,  American  pure 

Jalap "          14    9  16 

Licorice  paste,  Calabria 2S   9  S6 

Licorice  paste. Sicily 25    a  33 

Llcorlccpaste.  Spanish,  solid.,  .gold      20    13  SO 

Madder,  Dutch "           6>i9  8X 

Madder.French "•           6X9  7X 

Nutgttlls, bine  Aleppo 149  14X 

or.  vltrioU«6  degrees) |"<9  ■    iv 

Opium.  Turkey  (In  bond),  gold.    4  25    3  4  "5 

Prnsslate  potash, yellow.  Am S3X9  84 

SulcksUver gold.      70    9  72K 

ninlne cur.         .3  2  3./ 

Rhubarb,  China, goodtopr....*  tt.      50    9  1  50 

Sal  soda,  Newcastle ^old     1  .'0    ^  .... 

Shell  Lac 58    9  S9 

Soda  ash,  ordinary  to  good gold    195    9  2  00 

Sugar  of  lead,  white 183  181; 

Vitriol,  blue. common 8H9  8X 


f%m  «x 

S  87Ha  6  00 

1  20     -  ■  ~ 
17 


9    1  25 


KtSH— 


George's  and  Granl  Bank  cod 4  75 

Mackerel,  No. 1,  shore  (new) 18  50 

Mackerel,  No.  1,  Bay 8  00 

Mackerel, No. 2.  shore  (new) 12  00 

Mackerel,  No. 2.  Bay 


.Store  lytces. 


_  5  25 
9  19  00 
9  9  50 
a  13  00 
@    8  50 


FLAX— 
North  Ulver,  prime., 


.«  g> 


15 


FRUIT— 

Raisins, Seedless 5  00    a    .. 

do      Layer 2  20    a    .... 

do     Sultana 15X9 

10     Valencia 9       lov 

do     Loose  Muscatel 8  40   9   3  60 

Currants 

Citron, Leghorn 

Prunes,  Turkish..... 

do        Frencb  

Dates 

Wlirs ... 

Canton  Olnger «  case. 

^Sardines,  W  h(.  box cnr. 

Sardlnm,*'  or  box " 

Macaroni.  Italian 

lyomenilc  Dried — 
Apples.  Southern,  sliced 

do  '*  quarters 

do       state.  allc.»'l 1 

do  do    quarters 

10       Western,  qunrters 

P»*aches.  pared  Western 

do       do  Ga.  goo  I  and  prime 

do       do     N.  Carolina,  prime . 

do        unpared,  halves  and  qrs. .. 

Rlacteberrles 

Rispberrles 

Clierrles 

Plums 

GlJNPlIKf^.— ''ee  report  diinor  "iotton. 
OUNPOWUKK- 

snipplng  •  25  i»  keg 

vilnlaj  S  Ltlaitlhif 

SWor-'ci     ..      »  100  lb 


"VC* 

6X 

23H« 

24 

8    9 

814 

11    @ 

1.5 

5  a 

5V 

rj   9 

18 

....9 

8  00 

23*9 

2414 

....a 

14 

....9 

14 

7  a 

S 

...  a 

8   9 

»K 

-??t 

I'' 

!«  a 

18 

17.  a 

IH 

23  a 

39 

7  <« 

8 

6X9 

23  a 

24 

17    9 

18 

16    9 

18 

...  a 

9  2^ 

..  a 

2  75 

BBMP  AND  JUTE- 

Amerlcan  dressed Vton.  335  90   a280  00 

American  nndresMd a    .... 

Russia, clean Kold.220  00>  9225  00 

Italian '•    360  00    a2'.5  OO 

■■lanlla V»    "  7V»         8X 

SIsal •'  5X9 

JuU '•  Si»9         5 

HIDBS- 
i>rv— Bnenof  Ayrei,  selected,  geld       P3y9 
Montevideo,  do....     "         22Si« 

Corrlentee,  do....      *'  21X9 

Rio  Grande,  do....      "  21X9 

Orinoco,  do...,     '•         22   9 

California,  do....      "  22    » 

Matam.  andMex.  as  thorrnn     "  19    9 

Maracalbo,  do....     "  16X9 

Bahia,  do....      ■■  16x9 

Z>ri/»jU«l— Maracalbo, do....     "       ....    • 
Chill,  do....     •■  16   9 

Pernambnco,  do...     •'       ....    9 

Savanllla,  do "       ...    9 

Bahla.  do....      ••       ....    9 

ir«<Sa;(«J—Buen. Ay, selected     '■       ....    9 
Para.  do....     "       ....    9 

California,  do....     ••         10   9 

Texas.  do....    cnr.         9    a 

a. /.  «(oct— CalcnUasIaught...  gold 

Calcutta,  dead  green " 

Calentta  buffalo —     '• 

HOPS- 

Cropol  1874  .11   »        21 

Cropofl87S   15 

Crop  of  18J3 1; 

Belgian 9       

Bavarian 9        

English a       

IROIS-  - 

Pig,  American,  No.  1 26  00    9  27  00 

Pig,  American, ^o. 2 25  00    9  36  00 

Pig,  American,  Forge 2.1  00    a  34  00 

Pig,  Scotch 80  CO    a  32  00 

Store  Prices. 

Bar,  Swedes, ordinary  sices 130  00   9140  OO 

Scroll 80  00    9125  00 

Hoop 87  50    9135  00 

Sheet,  Russia,  as  to  assort gold.      — ®      13X 

Sheet,  single, doubled;  treble, com.        4    9        4X 

Ralls,  new,  Kngllsh gold  48  00    9  50  OO 

do    new.  American cur 9  50  00   ■ 


11X9 
...    a 

10  a 


24S 
23 
22 
22  X 
22X 


13 


13X 
U 
10 
9 

ii" 

15 
12 


30 
29 
19 


LEAD— 
Ordinary  foreign »  100  lbs,  gold  6  ' 


Domestic. 
Bar.  .. 

Sheet.. 


S-95  9 
8X* 
9X9 


6  87X 
6  00 


LEATHKR— 

Hemlock.  Bnen,A'res.h.,m.&l 28 

California,  h..  m.  &  1 25 

"       comm'n  hide,  h.,  m.  &1 25 

"       rough 27 

Slanghtercrop 32 

Oak.  rough 28 

Texas,  crop 81 

MOLASSES- 

Cuba,  centrifugal  and  mixed 

Cluba, clayed 

Cuba,  Mns.,  refining  grades,  50  test 

do       do    grocery  grades 

Barbadoes 

Demerara 

Porto  Rlno 

N.  o.,  new,  fair  to   choice..  V  gal 
NAVAL  STORES- 

Tar,  Washington 2  50    9 

Tar,  Wilmington   2  75    9 

Pitch,  city.. 2  12X« 

Spirits  turpentine *  gal'i.       .11X9 

Rosin  com.  to  good  stralii'd  »  nbl.    1  65    9 

'•     No.  1 2  60    9 

••      N0.2 :  80    9 

'•     pale 4  25    9 

'*     extra  pale 6  50   9 

NUTS— 

Filberts,  Sicily 9   a 

do       Barcelona 7 


25 
35 
38 
40 
42 
35 
40 
60 


28  X 

26  X 

26  X 

28 

35 

30 

94 


SS 
39 
45 
45 
45 
52 
T2 

2  62X 
2  SO 
2  25 

1  75" 

4  00 

2  20 

5  50 

7  CO 


9 
...a 


10  a 

11X9 

11  9 


9 

a 
six« 
"■  a 
9 
a 
9 
9 
9 


Brazil  nuts. 
Walnuts,  Bordeaux 
do       Naples... 
do       Grenoble 

Pecans  

Peanuts,  Tennessee 1  55 

do      Wilmington 2  00    o 

do      Virginia 1  85    @ 

Almonds,  Languedoc 9 

do       Tarragona 19    9 

do       IvlcB 17X9 

do        8hell«d 3i    9 

do        Princess a 

OAKUM— navy  to  be8tquallty...»Ib.        7X9 
OIL  CaKK— 

City,  bag gold  40  00   a 

Western cnr.  46  00 

OILS- 

Cotton  seed,  crude 41 

Olive,  in  casks  ♦  gall 1  15 

Linseed,  casks  and  bbls ..  .       63 

Menhaden,  prime  L.  I.  Sound 

Neatsloot 75 

Whale, bleached  winter 72 

Whale,  Northern 64 

Sperm, crude 1  50 

Sperm,  bleached  winter 1  85 

Lard  oil.  Winter 1  02 

PETKOLF-UM- 

Crnde,  in  bulk 9 

Cases 16    9 

Reflned,  standard  white 11X9 

Naphtha,  City,  bbls 9    9 

PROVISIONR- 

Pork  new  mess *  bbl.  21  40 

Pork,  extra  prime "      18  25 

Pork,  prime  mess "       19  50 

Bcei.plHln  merta "        8  00 

Beef,  extra  mess "      10  00 

Beef  hams,  new "         — 

H*ms. smoked »....V  A       15 

Lard,  City,  steam  13 

RICK- 

<:aroltna,falrto  choice 

Louisiana,  fair  to  prime 

Rangoon.  In  bond gold. 

Patna -. 

8ALT- 

Turks  island 

St.  Martin's 

Ltvernooi  .Tsrioaa  sorts I>  sack. 

SALTPETRE— 

Reflned,  pure Vtb 

Crude gold 

Nitrate  soda " 

8EKU- 

Clover,  Western V  ft. 

Tlmotliy ?  bnsh. 

Hemp,  forelirn , 1  85    (* 

Flax, rough 9 

I,lDBeed,CaInatta«i56l>gola(ttine).    3  IS    9 


11 X 

1  70 

2  15 
1  9I> 

17X 
18X 

nx 
34 

3(k 
9* 

9  42  50 
9  46  50 


45 

1  18 
71 
32 

1  30 
75 
65 

i'go 

1  03 


5X 

16X 

11 X 

O         9X 

«  21  45 

®  16  50 
9  19  75 
«  9  5(1 
9  10  75 
9  26  50 


7X« 
2  75    lit 

7  a 


3(1 
1  40 


5X9 

2X3 


11X« 

\  711  a 


"5X 


8X 

7X 

2  g7l< 

7X 


12X 
'i\ 

IlK 
2  85 
1  90 

1  t5 

2  nx 


BILK- 

TsatIee,No8.1  to4 *>    9  CO  9 

Tsallee,  re-reeled 4  79  9 

Taysaam.Nos.  I  ft2 4  90  9 

Canton,  re. reeled  No.  1  Cotngonn..    4  79  9 

8PKLTER- 

Forelgn '.O0.».gold.    7  12X9 

Domestic cur.   7  lu  9 

SPICKS— 

Pepper,  Batavla gold 

do        Slnitapore 

do        white '. 

Cassia,  China  Llgnea 

.do       Batavia 

Ginger  African 

do     Calcutta 

Mace 

N  iitmegs,  Batavia  and  Penang 

Pimento,  Jamaica 

Cloves 

do    stems 


SPIRITS— 

Brandy, foreign  brands V  gall. 

Hum— Jam. ,4th  proof '• 

St.  Croix, 3d  proof " 

Gin •• 

Domestic  H^Mors— Cash . 

Alcohol  (90  per  ct)  C.  *  W cur. 

Whiskey " 

STEKL- 
Engllsh,ca8t,2d&1  St  quality  ¥*  ft  gold 
English,  8pring,2d  &  Ist  quality..  " 
English  blister, 2dft  Istquality..  '• 

Kn«iis}i  machinery *' 

English  German,  2d  A  1st  quality  ■' 

American  blister cur. 

American  cast.  Tool 

American  cast  spring 

American  machinery 

American  Geniaan  spring 

8DGAR- 
Cuba.inl.to  com.  reCring. 

do    fair  to  Kood  refining 

do   prime,  refliilng 

do   lalrtogood  grocery 

do   pr.  to  choice  grocery 

do   centr.hhds.ft  bis,  Nos.  8®13 

Molasses,  hhds  &  hxs 

Melado 

Hav'a.Boi.D.  8.  Nos.i@9  . 


5  75 
S87<< 
90(1 
5  00 

725 
735 


17 
31 X 
32X 
24 
11 

1  is" 

l  05 
lox 
S6X 
17 


gold. . 

8  50  9  15  00 
8  65  9  7  00 
8  45  9  S  65 
300    a    3  29 

2  !i7X9  3  40 
1  23    a 


....9 
16X9 
24  9 
32  9 
iU  a 
10X9 

10  a 
1 10  a 
1 00  a 

10X9 
86    9 

isxa 


store  Pricen 
14X9        17 
6X9 
9   a 


10X9 
10X9 


do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do    10912 

do    18915 

do    16918 ; 

do    IV920 

white 

Porto  Rico, refining,  com-  to  prime, 
do         grocery,  fair  to  choice.. 

Brazil,  bags.  n.  S.  Nos.  9911 

Java,   do.   D.8.,  Nos.  10912  

Manila.     

N.  O.,  reflned  to  grocery  grades    ... 

EeHned—HMA,  crushed Vft 

Hard,  powdere:^ 

do     grannlateu 

do     cut  loat 

Soft  white,  A.  :!tandara  centnt... 

do      d(.      otf  A 

White  extra  C  

Yellow      do       

Other  Yellow 

TALLOW- 

Prlmeclty,  •  ft 

Western,  V  ft  


7X9 
7X9 
8X9 
8K9 

8X9 
8X9 
6V9 
5    9 

7  9 

8  9 
Bi'a 
9X9 

10X8 
9*9 
7X9 
fX9 
7X9 
i*X® 
7X9 

...a 
11  a 

11    9 

10*9 

11  xa 

10X9 
10X9 

10  a 

9X9 
8X9 


TEA- 

tly son.  Common  to  (air cnr. 

do     Superior  to  Are 

do     Extra  flne  to  finest 

do     Choicest 

Young  Hyson,  Com.  to  fair 

do         Super. to  flue 

do      Ex. Aneto  finest 

do       Choicest 

Sunpowder,  com  to  fair 

do  Sup.toflne 

do   Ex.  fine  to  finest 

do   Choicest 

Imperial. Com.  to  fair 

no       Sun. to  fine 

do        Rxiraflne  toflnest 

ETyson  Skin.  A  Twan..com.  to  fair. 

do  do       Sup.toflne 

do         do       Kx.  flnetoflnest 

Uncolored  Japan, Coin,  to  lair 

do  Sup'rtoflne 

do  Bx.flne  toflnest 

Oolong,  Common  to  tair,«M 

do     Superior  to  flue 

do     Exflneto  finest 

do     Choicest 

Bone. &  Cong.,  Com .  to  fair 

do  Snp'rtoflne 

do         Bx.fiDfitoflnest 

TIN- 

Banea gold. 

Straits " 

English ■■ 

Plates. I.  C.charcoal " 

Plates.ch ar.  terne " 

TOBACCO- 

Kentucky  lues,  heavy... 

•'  leaf,      "      

Seed  leaf— Connecticut  wrappers "73 
••  Conn.  A  Mass.  fillers.  TS. 

Pennsylvania  wrappers.  "72 

Havana,  com.  to  line 

Mannfac'd.  in  bond,  black  work 

»  ■'     bright  work 


7 
14 
11 
IIX 

< 
16 
10 
II 


7X 
8  3-16 

'sx 

8X 
9X 
7X 
6 

7X 
8X 
9X 
10 
10  X 
10* 
8X 
BV 

V* 
8X 

7X 

iix 
:ix 

lOX 

ux 

icii 
9* 

9X 


80 
41 


55 

80 


90    9    1  10 


S7 
55 
80 
1  20 
31> 
4« 
T2 
2« 
29 
nal. 
42 
64 
79 
SO 
53 
70 
97 
84 
52 
65 

....9        23 
....S        18X 
18*9        ^.. 

8  00    a  8  39 

7  25    9  7  50 


30 
42 
65 
1  10 

2°  9 

.%  9 

58  9 

21  9 

27  a 
Noml 

37  a 

48  9 

60  9 

2i  a 

36  9 

55  a 

85  9 

27  9 

36  a 

58  a 


9X9 
11X9 
20    9 

7  a 
18    9 

85  9  1  35 
17  9  "" 
25    9 


II 
25 
55 
R 
89 


SO 


WOOL— 

American  XX Wft 

American.  Nos.  1  &  2 

Amerlcan.Comblng 

Extra,Pnlled 

No. I,  Pulled o«    wB 

California.  Spring  Clin— 

Superior,  unwashed 28    9 

Medium 27    9 

Coarse -^ 2S    9 

Bnrry  22   9 

South  Am. Merino  unwashed 29    9 

Cape  Good  Hope,  unwashed 32    9 

Texas, flne 30    9 

Texas,  medium ^   ^ 

Smyrna. unwashed  gold.      i7   *» 

ZINC- 

Sheet *  ft-,gold,net 

FRKIGHTS- 

To  LtVKBPOOl. : 

Cotton ^i  ft. 

Flour *  bbl. 

beavy goods.  .Vton. 

Oil 

Com.bHk  *  hga.  V  bn. 
Wheat.  bt.lk  &,  bags. . 

Beet ...  *  tee. 

Fork »bbi. 


50  a 

50  9 

^K  9 

45  a 


8*9 


52 
59 
63 
SO 
35 

34 

30 
28 
26 
82 
F6 
!'5 
35 
30 


.-STEAlf. .           . SA 

t. . 

t.d.    ».  t.    «.  <J. 

«.  rf 

....a    w         ....9 
2  9   92  lOx    2  6    ... 

^ 

S5  0    it45  0      2>  6    a 

30  0 

490    9....      35  0    ■». 

10    9...             8X9 

.... 

lOX'a    10  X       9    ..t 

6  0     3...        569 

4  0    »..,.        40    9 

,.». 

JHE 


AND 


mmdt 


HUNT'S    MERCHANTS'    MAGAZINE, 

aKPRESENTINO  THE    INDUSTRIAL   AND  COMMERCIAL  INTERESW    JF  THE  nNTTBD  STATES 


VOL.  ^1. 


SATURDAY,  AUGUST  21,  1675. 


NO.  530. 


CONTENTS. 


THK  CHKUXICUL 
Tb«CaB«M  nd  Daratioo  of  Our  {  r mmtt  of  tb«  UbIUkI  State* 


^ 


tba  VamAam  Jaiat- 


Workl 
Tba   Pro»|we«  la  Briailam^  " 

aadHavTorkaaa  Mwkat... 
Labor  aMBpada  Payaita.... 


110 


m 
in 


forlbanaca]  T«anim«-»aiU 

I'tTM. 
l^taat  HaaataiT  an4  C 

Ka^lahKawa.. 
Comaadal  cad 

Nawa 


THX  BUUtKUtS'  oAorm. 

■«»a»  Madial.  D.  8.  laorttlaa, 
Bailwar  Sta^  Sold  MartMt, 
•wTetk 
Baala. 
NatloMl 

TBS  OOIUUKLIAL 


tmvkgn 
CltT    Baaka, 
PuWalpbIa 


UaotMIOBa  of  Stscka  aad  BoDda 
Now  Tnk  Local  SacvUiaa  ..  . 
InraMMM  aad  Slala.  City  i 


1»7, 
•M\  Dry 


m 
m 

UD 

w 

IM 


IM 
1« 


Ci)e  Ct)roni(le. 

Tn  CoMMBRCLAL  AMD  roiAMCtAL  CnKMncui  it  tt»u»d  0m 6mtmr- 
*at  nurminf.  mtJk  M«  taUM  imku  «^  (a  atMiU^Al  •/  Frldrng. 

TBBIU  OF  BVlMBtraOM-rATABLB  IS  ADTASQI. 

Tm  OifM^lil    A»a  taasoui.  Ca     mMiB.  daUvwad  by  aante  to  tfty 
— *fg*^*»»  ■■'  awOad  to  an  acban: 

S'SpJl^  (»t»«<l««  poatac*) tWIl 


•raia* 


-  wO  ba  wrtaaiil  aatll  oatMi  alapBad  la  mwrtlk 
■«aa«fh»  Tba  rabiKhmcMHt  baraapoaalblatDt 
■adal^Orafta  or  r<Mi^a«n&Mr OrdariL 

A4N»rtla«Mif. 
It  iliaiMainii  aia   pablt.hed  at  a  caala  par  Baa  for  aach 
bat  wbaadaUHa  «dan  *r<  (I«m  tor  Ita,  or  aara^  laaartloM.  a 
mat  to  aadaL   Ito  MaMlii  at  aaMtaaaw  pabHadia  la  ika  baat 


■i*B«*a  •■■a. 

.—».«< .»>a  <^»owcLa  It  at  rU.t  AMttaFrlafa,  Old 
-— .  — -J  ■bilallMi  aaa  laaaa  «t  tbstoOaihMfaMa: 

^a^^»  a.  OAjC'i"''wailAU  B.'iiiMAik'oo.,  PabliabM 
./■.(  T»  aad  n  WmiaB  Blfaai,  !f  KW  Tl 


to*>  a.  nam. 


I  Bifaat.  If  K^ 
vnoa  Box  t ! 


roiE. 


I  tbai 


ilaM 


»»    A  D>!at  lla<»TCT  U  faraUbvd  >t  U  eanu 
eaala.    ValaMaboaadtaraabaBrlbaraatllM. 

M^^Z^ST^  '•»  ■>'••«  «*•  •■«*     Alao  ai»  a* a«  atnrr-a " 

■  AOAaiwa,  W  to  Wn.  rtxty<4br*«  toIiom*. 


_KP-Tli 
riaiarlil 


Tb«  lbi»lBflai  Dapaftmcnt  of  th' 
laivnau  ta  Maw  Y orb  CI  tr  h  r 


«  U    ripraaiatad  aaMag 

JOOM. 


Tie  cirsKs  HD  Kuim  op  idi  ioibtait  iisb. 

A  oorrespoixleot  inquir**,  "wbmt  are  theraniieBof  the 
<Me  in  the  monej  market,  how  long  it  in  likely  to  con- 
tinne,  and  whether  Um  present  low  rate  of  interent  and 
the  tbandanoe  of  idle  capital  have  not  be<m  produced 
by  new  iaBaea  of  cnrrency  nnder  the  free  banking  claoae 
of  tho  Shoinan  reeninption  bill?"  An  much  midnnder- 
■•■"tog  preraila  upon  the^e  topics  we  will  offer  a  few 
remarks  npon  each.  As  to  the  first  of  the  questions,  we 
reply  that  the  eanaeB  of  the  prevailing  moneury  ease 
•re  very  noiMrooB.  The  economy  which  for  two  years 
past  has  been  so  rigidly  practiced  all  over  this  country 
has  tended,  with  a  host  of  well  known  circumstances,  to 
inorBMu  the  floating  eapiul  of  the  conntrr;  and  such  an 
inereaae  is  always  favorable  to  tke  aocnmuUtion   of 


deposits  in  the  banks  and  to  a  consequent  plethora  in  the 
money  market.  Moreover,  a  multitude  of  railroad  and 
other  industrial  enterprises  which  formerly  presented  a 
rr-i<1y  means  of  absorbing  and  draining  off  our  flo.ating 
capital  have  ceased  to  do  so.  Hence  the  reservoir  of  the 
loan  market  receives  greater  supplies  of  loanable  funds 
than  the  demand  can  easily  carry  off.  The  influx  is 
greater  than  the  outgo  ;  and  a  plethora  of  idle  funds  is 
the  natural  ponseqnence.  These  familiar  facts  we  have 
so  often  demonstrated  in  our  columns  that  we  need  do 
no  more  than  refer  to  them.  Indeed  we  should 
scarcely  have  felt  it  needful  to  do  this  but  for 
the  prevalent  sophistry  which  deludes  so  nwny 
people  into  the  belief  that  the  thing  borrowed  and 
lent  in  the  money  market  is  not  capital  but  credit. 
And  this  credit  they  suppose  to  be  something  quite  dis 
tinot  from  capital,  and  capable  of  supplying  its  place 
pretty  much  as  a  tent  will  supply  the  place  of  a  house, 
or  aa  paper  may  be  made  to  supply  the  place  of  gold. 
Now,  in  opposition  to  all  these  heresies,  we  maintain  that 
the  Intimate  function  of  the  money  market  is  to  trans- 
fer ospital,  and  nothing  else.  Mr.  Coe,  in  Ifis  testimony 
before  the  Congressional  Committee,  illustrated  this  prin- 
ciple. In  his  examination,  January  14,  1874,  he  showed 
that  bank  notes  are  an  instrument  for  the  transfer  of 
capital,  and  that  by  their  means  future  capital  is  ex- 
changed for  present  capital,  so  that  "every  piece  of 
paper  iasaed  as  a  note  must  follow  and  grow  out  of 
trade."  In  other  words,  the  paper  instruments  which  wo 
use  as  money  are  capable  of  fulfilling  their  purpose 
becanae  they  transfer  and  represent  capital,  which  is 
another  word  for  "  property,  commodities,  money  or 
money's  worth." 

The  ease,  then,  of  the  money  market  is  caused  by  the 
fact  thatagreat  multitude  of  people  all  over  this  country 
have  been  economical  and  saving,  so  that  they  have 
oapitat  4b  lend.  This  capital  has  found  its  way  into 
savings'  institutions,  banks  and  trust  companies,  in  all  of 
which  there  are  unusually  large  sums  seeking  investment. 
On  the  other  side,  trade  is  dull  and  less  capital  is  wanted 
to  transact  the  business  of  the  coimtry;  hence  fewer 
people  wish  to  borrow,  and  it  is  not  so  eatty  for  savings' 
institutions,  trust  companies  and  banks  to  lend  at  remu- 
nerative rates  their  growing  volume  of  deposits. 

Paaaing  now  to  the  second  question,  how  long  this 
state  of  things  may  be  expected  to  last,  we  can  only  say 
that  certain  shrewd  bankers  have  been  lending  money 
this  week  at  2  per  cent  for  sixty  days  on  miscellaneous 
collaterals;  while  four  months*  paper  could  be  had  at  much 
better  rates,  as  will  be  seen  from  our  money  market 
report  on  a  subsequent  page.     Such  transactions  are  not 


170 


THE  CHBONICLE. 


[Au^t  21,  1875. 


exceptional  and  they  seem  to  suggest  the  ])robability 
that  these  gentlemen  look  for  a  more  active  money  mar- 
ket in  the  fall  As  the  business  season  bids  fair  to  be 
good,  the  money  market  can  scarcely  fail  to  respond. 
Still  if  the  war  cloud  in  Turkey  be  dispersed,  and  if,  as 
seems  probable,  peace  is  to  be  maintained  in  Europe  there 
is  little  probability  that  monetary  activity  will  prevail 
here  to  such  an  extent  as  to  disturb  seriously  the  rate  of 
interest. 

With  regard  to  the  inquiry  how  far  the  monetary  ease 
in  this  country  may  have  resulted  from  the  issues  of  bank 
notes  authorized  by  the  Sherman  bill,  we  reply  that  those 
issues _have  been  counter-balanced  by  the  amount  of  notes 
withdrawn  so  that  really  the  law  in  question  has  worked 
a  contraction  of  the  currency  and  not  an  expansion. 
The  monetary  ease  which  we  enjoy  has  been  develo|)ed 
in  the  face  of  this  active  currency  contraction  which  we 
have  estimated  to  be  equivalent  to  30  millions  of  dollars. 

Another  reason  why  our  correspondent,  as  a  thought- 
ful man,  should  not  attempt  to  connect  pur  monetary 
ease  with  currency  expansion  is  that  the  same  case  pre- 
vails in  France  where  there  has  been  a  more  active  cur- 
rency contraction  than  here.  It  also  prevails  in  Italy, 
in  Germany,  in  England,  and  in  other  parts  of  Europe, 
where  there  has  been  no  currency  contraction  or  cur- 
rency expansion  at  all.  The  more  we  examine  the  facts 
the  deeper  and  stronger  will  be  our  conviction  that  the 
theories  which  trace  monetary  ease  to  currency  expan- 
sion are  as  unreliable  in  general  as  they  are  untrue  in 
the  present  case,  and  that  the  present  low  rates  of  interest 
are  dup  to  great  general  causes  affecting  the  growth  and 
disti'ibution  of  capital  not  only  in  this  country  but 
throughout  the  commercial  world. 

.,.,iWe  reserve  for  future  discussion  another  question 
which  our  correspondent  has  put  to  us,  namely,  whether 
it  is  possible,  by  increasing  the  issues  of  currency,  to  put 
down  the  rate  of  interest  to  2  oir  ;3  per  cent.,  and  to 
keep  it  there.  If  it  were  practicable  to  do  so,  wo  do 
not  see  why  our  correspondent  should  draw  the  line  at  2 
per  cent.  He  should  rather  demand  with  Proudhon  that 
the  rate  of  interest  should,  by  the  beneficent  issues  of 
legal  tender  money,  become  nominal  or  be  abolished 
jiltogethcr.  If  paper  money  issues  could  reduce  the  rate 
of  interest,  as  our  correspondent  imagines,  the  world 
would  long  ago  have  found  out  the  secret.  Many 
times  during  the  last  two  centuiies  has  the  experiment 
been  tried  in  this  country  and  in  Europe,  but  it  has 
al^frays  ended  in  disaster.  If  our  correspondent  re- 
members that  A'hat  is  lent  and  borrowed  in  the  loan 
market  is  capital  and  nothing  else,  he  will  be  less  in  dan- 
ger of  being  misled  into  believing  that  the  mere  issue  of 
paper  currency  in  any  form  can  create  capital  or  give 
permanent  ease  to  the  money  market.  He  may  be 
assured  that  no  expedient  can  cause  monetary  ease  which 
does  not  either  augment  the  supply  of  floating  capital 
in  the  loan  market  or  increase  the  disposition  and  the 
facilities  of  the  owners  of  that  capital  to  lend  it. 


REPORTS  OF  THE  IDNbOjf  JOINT  STOCK  BAMS. 
For  the  first  time  in  forty  years  the  joint  stock  banks 
of  London  have  met  with  a  serious  reverse.  They  have 
lost  heavily  by  the  Aberdare  and  Collie  failures,  and 
their  midsummer  reports  have  accordingly  been  looked 
for  with  much  interest.  Tliese  banks  arc  eleven  in  num- 
ber, having  a  united  capital  of  £9,350,000  and  a  surplus 
of  £3,120,000,  making  a  total  of  £12,420,000,  or  $62,- 
100,000.  Theiir  deposits  are  £98,960,000  or  ^494,800,000, 
9rud  their  annual  profits  average  a  little  more  than  a 


million  sterling.  For  tHe  year  1874  tlie  net 'business 
profits,  after  deducting  expenses  and  interest,  with  four 
per  cent,  on  capital  and  reserve,  wire  reported  at  £1,- 
029,400;  in  1873  the  aggregate  profits  were  £1,204,850; 
in  1872,  £1,041,800;  in  ISTl,  £833,000;  in  1870, 
£715,900. 

As  the  annual  profits  of  the  banks  thus  average  a  mil- 
lion sterling,  it  is  imi)ortant  to  learn  what  part  of  those 
gains  have  been  swept  away  by  the  great  disaster  which 
has  suddenly  struck  them.  The  answer  to  this  question 
is  one  of  the  first  things  which  will  be  sought  for  in  the 
reports  before  us.  It  appears  tliat  so  far  .is  announced, 
the  losses  amount  very  nearly  to  a  miUion  sterling.  If, 
then,  these  losses  were  equally  distributed  among  the 
banks,  they  would  be  equal  to  the  ordinary  business 
gains  of  a  single  year.  But  it  appears  that  the  actual 
losses  are  not  to  be  thus  evenly  allotted.  The  adven- 
turers who  swindled  the  banks  seem  to  have  been  cajm- 
cious  in  the  distribution  of  their  favors  among  the  finan 
cial  institutions  of  London,  so  that  some  of  the  banks  and 
discount  companies  sufferered  heavily,  while  the  others 
say  they  have  lost  nothing  at  all.  The  London  Economist 
has  compiled  the  following  table  to  show  the  amount  lost 
by  six  banks  and  two  discount  institutions  : 

PROVISION  MADE    FOB  I.088E8  FBOM  THE  RECENT  fAtLXmEg. 


Bividena. 

mi. 

1875. 

June. 

Jan. 

■Sp.a. 

?p.  a 

20 

10 

20 

15 

20 

15 

10 

8 

8 

8 

8 

6 

20 

16 

16 

10 

7 

6 

Bankt, 


I'aid  less 
as 

Dividend. 
£ 
London  and  Westminster. . .  100,000 

London  Joint  Stock 30,000 

Union 35  000 

City 6,000 

Imperial 

A'lUance 8,000 

London  and  County. 55,000 


Taken 

ToUU 

from 

Pro- 

Reserre. 

Vision. 

£ 

£ 

400,000 

500,000 

82,000 

58.000 

65,000 
29,000 

100,000 
35,000 

2)4,000 

National  Discount 24,000 

United  Dieconnt 1,500 


27,000 
75,000 

616,000 
104,000 


35,000 
130,000 


854,000 

188.0  0 

1,500 


259,500     722,000     981 ,600 

It  is  to  be  observed  that  these  figures  do  not  cover  the 
whole  of  the  evil ;  they  only  profess  to  show  the  pro- 
vision made  for  the  payment  of  accrued  losses.  Rumors 
are  afloat  that  the  total  losses  will  .amount  to  a  much 
larger  sum  when  their  magiiitude  has  been  completely 
developed.  Certainly  it  is  quite  impossible  to  ascertain 
to  the  full  extent  the  losses  which  will  have  to  be  borne 
by  the  banks  under  so  astute  a  system  of  fraud  as  seems 
to  have  been  practiced  upon  them.  The  extent  of  the 
organization,  to  which  for  so  many  ^ears  certain 
banks  have  been  subservient,  has  in  it  something  sus- 
picious. One  of  the  defrauded  institutions,  the  National 
Discount  Company,  was  infonned  by  its  chairman,  at 
its  annual  meeting,  that  the  large  amount  it  had  under 
discount  for  Collie  &  Co.  was  "  spread  over  fifty -seven 
different  firms,  and  in  no  case  was  the  amount  of  each 
more  than  10,000  jjounds  sterling.  It  was  almost  incred 
ible  that  so  wide-spread  a  conspiracy  should  exist  among 
men  of  high  commercial  position.  Of  the  fifty-seven 
houses  twenty-two  had  fail6J3,  and  it  was  now  clear  thfit 
in  several  of  these  cases  Collie's  bills  had  been  accepted 
for  a  mere  commission." 

The  London  Times  very  significantly  suggests  that  the 
banks  which  furnished  capital  for  the  inflated  firms  in  the 
East  India  trade  must  have  known  that  something  was 
wrong ;  for,  if  no  other  evidence  existed,  everybody  knew 
that  that  trade  was  overdone,  that  its  transactions  were 
carried  on  at  a  loss,  .and  that  firms  of  solid  capital  en- 
gaged in  it  contracted  their  operations  within  the  narrow- 
est possible  limits.  Had  not  the  Collies  absconded,  their 
trial  would  in  all  probability. have  thrown  much  liglit  on 
some  important  points  which,are  here  only  hinted  at.  TVe 
trust  that  it  will  not  escape  tuo  attention  of  the  Parlia- 


Augast  21,  1875] 


THE  CHKOmCSLE. 


171 


mentary  coiumitteo  rcfontly  a|>]>ointe<l  to  n'port  on  Uie 
e\iU  aud  tbe  dangers  of  thi-  Englifh  hnuking  systetib 
with  a  view  to  tlie  devising  of  a  legUotiva  remedy. 

TUe  public  atU>ntioB  has  often  beoi  called  to  the  infln- 
eeo»  which  the  joint  stock  banks  exert  in  fostering  these 
evils,  and  to  the  disasters  which  might  thus  be  precipi- 
tated upon  the  commercial  worM  if  a  sudden  panic  were 
t©  rise  like  those  of  184",  If^oT  ■•r  19()0.  Tlieee  dangers 
are  the  more  formidable  on  account  of  two  conispicuous 
defects  in  the  English  banking  system.  The  first  is  the 
small  amonnt  of  capital  on  wiiich  the  joint  stock  banks 
of  London  conduct  their  business.  "Tliis  will  1)C  seen 
from  the  following  tabic,  which  AoWB  Xh:\t  the  total 
paid-up  capital  and  surplus  of  the  eleven  chief  joint 
siook  tMoks  is  not  13  millioiiii  •tarling,  whilu  their 
deposits  arc  newly  a  hnndrcd  millions. 

cirtTAt  *<«i>  MroBiTt  nr  i'>i<<t  rrarK  mjcwn. 
[0.000  omitted.    Tfaa>»).n-«Mao.«0Ol 

'.Otpotut,  '.'i<4.  Kmirtt. 

M»t*.9miirk»i,         U3.        iiri.        mt.     i»a.        mi.       ^n*. 

^mtil.  Jkm*     ttte.    Jn't    Dm. 

■>.      n.      31.      «. 

M        £         Jl        Jl 
l.Loa.  Jk  W«tBwtr...'S4.  a0,is  am^j   t  a  la.u 
:  l^ndoD  Jotet  Stack.*aL  31. IS    -.' 

I  UBtM <aa  ia«  i< 

*.att ■■».  »jB   «.w   .\<i 


ita. 

ML        SI. 


Jum*    /Ve. 


«,01 
l.TI 


S.AVkMM.liB ■«. 


£ 

t.Tl 

IJM 

M        17 

IMS  sr.ti  t.\->\  wiim  'tis  "r» 
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17 


T7,T1    TT.'I 

tt.lMd<>a*Ooui7..ti.>i.B   n.M 


■  t/i    wiM    in.w    10,44    io.«    10..» 

rv    t.oa    i.»i    t,<o 

t«J«    u, '.;    Tt,..,    iit.ll    U,M    lt,48    11.11 

If  we  look  OT«r  tlM  whole  AmbcUI  world,  we  shall 
not  find  any  e^idmee  that  n  banking  system  can  be 
sUble  or  stn>iig  in  which  iho  deposiut,  like  in  inverted 
pyramid,  rest  on  too  narrow  a  liasii  of  capital.  Either  the 
capital  of  the  London  joint  st<K-k  baaks  mu.st  bo  groatly 
inereaaed  or  the  ooouaerce  and  ftoaace  of  England  must 
pay  the  penalty  of  their  inmsbility.  Bnt  for  the  extra- 
ordinar}*  coi  of  faTornble  circnm.'itanfps   which 

may  never  ;...  ;  ..j^ain  to  ward  off  the  niinchief,  the 
joint  stock  banks  of  IajikIoh  would  in  all  probability 
have  suffered  mnck  more  heavily  than  even  the  worst 
that  is  now  anticipated. 

In  the  next  phu>e,  the  cx^h  retierres  of  thew  banks 
^*^      '  M.iny  of  our  rc.idcrs  will  l>c  sur- 

l""'^'  there  is  no  law  iu  England  com- 

|>elling  the  banks  to  keep  in  resenrean  adequate  minimum 
of  cash  or  to  pablMi  weekly  ra|N)i^  '     nowspspors 

to  show  that  this  imperative  ohl^t  >iie8lly  rom- 

pHcd  with.    The  joint  stock  \t»ihtot  London,  on  whoso 

solvency  '    '  ponds,  are  not  required  to  keep,  and 

•lo  not  ,     ;:ioro  than  a  very  scanty  ami  unKafo 

average  of  cash  reeanres.  Nor  are  they  obliged  to  pub- 
lish weekly  or  monthly  r.i^rts,  as  Sir  liobcrt  Peel, 
when  be  proposed  his  bank  :i<ts  of  18  J  land  I  xt.i,  intend* 
ed  they  sho^ijd  be.  Mr.  Disraeli's  new  supplementary 
bank  act  must  include  in  it  two  reforms,  or  it  will 
be  a  faihife.  It  most  enforce  poblicity  by  compelling 
all  banks  wT-  to  prim  in  the  ncws- 


l^pers  atte' 


have  been  found  so 


Uiwful  here  and  in  contin<-ntal  Europe,  and  wherever 
else  they  have  becti  a  I   >  ^  '      f.rm,  equally 

indl-^pen.sable,  is  that  ■  ,  M  bo  rigidly 

kept  np  and  shouhl  nev.r  be  alk>wcd,  save  in   some 
exceptional  crisis,  to  sink  hclow  a  certain  safe  level. 
The  facility  witli  which  bo  many  banks  have  sutk  their 


money  by  buying,  in  vast  amounts,  the  oWi^Stions  of  men 
who  had  bei-n  for  years  insolvent,  has  been  ascribed  to 
the  hot  and  eager  coai  petition  for  business  which  is  so 
characteristic  of  the  present  age.  This  competition  has 
led  the  banks  to  pay  high  rates  of  interest  on  deposits 
and  to  bid  against  cacli  other  for  business.  To  correct  these 
fniitful  causes  of  misfortune  some  persons  would  invoke 
tlie  law.  Tliey  propose  to  forbid  the  payment. of  interest 
on  deposits  by  a  penal  prohibition.  Tliesc  and  similar 
evils,  however,  can  not  be  reached  by  the  hand  of  the 
legislator  and  may  best  be  left  to  work  their  own  cure. 
VVo  learn  from  j)riv.-itc  sources  as  well  as  from  the  news- 
papers that  the  Rnanciil  circles  in  London  are  profound- 
ly agitated  on  account  of  the  bank  troubles  which  we 
have  been  discussing.  A  corresponding  anxiety  has  long 
been  felt  here.  For  our  finances  are  now  more  than 
usually  responsive  to  the  movements  of  the  European 
money  markets.  On  this  account  and  for  many  other 
reasons,  the  effects  which  the  late  f.iilures  are  to  produce 
on  the  banking  policy  and  on  b.inking  legislation  in 
England  will  be  regarded  hero  and  in  other  foreign 
countries  as  having  a  special  importance. 


THE  PK08PECT  I!l  BBEiDSTUFFS— AilD  NEW  YORK  AS  A 
■AHBT. 

The  prc-emtnence  of  New  York  as  a  market  for  bread- 
■tnffs  has  of  late  years  been  menaced  by  many  rivals  and 
by  various  means.  Our  position  in  respect  to  this  branch 
of  trade  is  not  so  manifestly  superior  to  all  others  as  it 
was  a  generation  ago,  when  the  Eric  Cinai  was  the 
principal  channel  of  transportation  between  llu-  Atlantic 
seaboard  and  the  ports  on  the  great  lakes,  beginning 
with  flour,  tbe  great  tnink  r.iilw.nys  have  now  so  extended 
and  cheapened  their  facilities  that  they  transport  grain 
in  raooessful  competition  with  water  carriage ;  and  of 
course  New  York  has  no  monopoly  of  railways.  Our 
capacity  to  tran.sact  business  in  breadstuffs — to  "handle" 
the  surplus  products  of  the  West — has  increased  from 
year  to  year,  and  probably  was  never  so  gftat  as  now. 
Hut,  as  wo  have  said,  our  proportion  is  not  as  large  as 
formerly  of  the  business  of  the  Atlantic  Feabo.ard- 
Montreal,  Portland,  Boston,  Philadelphia,  Baltimore, 
and  New  Orleans  have  been  making  sturdy  efforts  to 
divert  to  themselves  a  share  of  this  important  branch  of 
trade.  Montreal  and  Portland  were  brought  to  grief  by 
their  enterprise.  '^*^B^ft'^  Philadelphia,  which  are 
well  situated  as  regards  railway  facilities,  seem  as  yet  to 
have  accoinpli.slicd  nothing  nioTe  than  establishing  a  fair, 
steady  trade,  and,  as  rivals,  may  be  regarded  with  great 
complacency.  Baltimore  has  had  better  success,  and  is 
really  maki'ig  great  progress.  New  Orleans  is  well  sil- 
natcd  for  a  largo  export  brisiness  in  breadstuffs,  and  the 
obstacl«^  it,  though  at  present  serious,  may  hereafter  bo 
oreraSSw.  Perhajis  Richmond  and  CJalveston  ought  not 
to  be  omitted  from  this  list,  although  the  latter  port  has 
bat  just  Wguii  her  efforts  to  attract  business  of  this  char- 
acter, and  tlwit  of  the  former  port,  which  was  consider, 
able  before  the  war,  seems  to  be  now  divided  between 
New  York  and  H.iltimore. 

But  all  these  rivalries  and  efforts  at  rivalry,  aided  as 
they  have  been  by  a  great  extension  of  the  railway  sys- 
tem, have  had  less  influence  in  checking  the  business  of 
New  York  in  breadstuffs  than  the  efforts  of  Chicago, 
Milwaukee,  and  other  'Westem  markets  to  establish  a 
direct  trade,  not  only  with  foreign  markets  bnt  also  with 
the  minor  towns  of  the  Easteni  and  .Middle  Statps. 
Large  quantities  ot  flour  and  grain  have  been  shipped 
from  Western  pointi  to  foreign  markets  on  through 


172 


THE  CHRONICLE. 


[August  21,  1876. 


bills  of  lading,  and  we,  like  Bn£Ealo,  have  had  to  do  only 
the  manual  labor  of  transferring  the  same  to  steamships 
and  ocean  sail  vessels.  It  has  been  possible  to  pur- 
chase in  Chicago  a  single  car  load  of  any  Western 
product  and  have  it  transported  to  any  town  in  the 
States  on  the  seaboard,  and  our  Produce  Exchange  has 
felt  severely  the  withdrawal  of  trade  which  has  been 
caused  by  this  sort  of  business. 

But  we  now  look  for  a  change  in  these  particulars,  and 
in  good  time  a  restoration  of  that  pre-eminence  of  New 
York  in  the  trade  which  she  seems  to  some  degree  to 
have  lost.  The  adoption  by  the  New  York  Produce 
Exchange  of  a  system  for  inspecting,  grading  and  deliv- 
ering grain,  and  the  agreement  thereto,  by  the  great 
trunk  railways,  are  the  first  measures  needed  to  that 
end.  The  organization  of  the  New  York  Cotton 
Exchange,  with  its  classification  of  grades,  and  system 
of  sales  for  future  delivery,  have  had  the  effect  of 
establishing  New  York  as  the  first  cotton  market  in  the 
United  States,  and  have  enabled  us  to  set  up  a  close 
rivalry  with  Liverpool.  An  effect  precisely  similar  may 
be  expected  to  follow  the  establishment  of  a  like  system 
of  doing  business  in  flour  and  grain.  We  need,  of 
course,  at  the  New  York  termini  of  the  great  trunk 
railways,  great  elevator  warehouses,  such  as  they  have 
in  Chicago  and  Milwaukee,  where  grain  may  be  received, 
stored,  graded,  cleaned,  cooled,  weighed  and  delivered 
in  the  most  expeditious  and  satisfactory  manner,  at  the 
lowest  cost.  Until  these  elevators  are  erected,  the 
benefits  derived  from  our  system  of  inspecting  and 
grading  can  be  but  partial.  The  Committee  of  the 
Produce  Exchange,  in  their  report  to  the  board  of  man- 
agers, present  this  feature  of  the  case. 

The  excitement  produced  in  this  and  other  great  mar- 
•kets  of  the  world  by  the  prolonged  rains  which  fell  in 
England  and  in  the  Ohio  Valley,  in  conjunction  with 
unfavorable  crop  reports  from  other  quarters  of  the 
globe,  has,  with  the  return  of  better  weather,  subsided, 
and  seems  to  have  left  our  market  with  no  unfavor- 
able feature  in  relation  to  the  opening  of  the  new 
crop  year.  There  was  something  singular  in  the  late 
heavy  rains  in  this  country;  the  section  which  suffered 
from  them  is  almost  precisely  the  same  as  that  which 
expacienced  a  drought  unusually  severe  and  prolonged 
last  year.  That  drought  was  not  then  felt  in  time  to 
materially  injure  Winter  wheat,  but  it  did  produce  a 
partial  failure  of  the  cou^Am.  It  may  be  doubted 
whether  the  quantity  of  \^|l^^wheat  grown  has  been 
much  reduced  by  the  re^nt  rains  and  floods,  but  the 
quality  and  condition  must  have  suffered  much.  One 
of  the  effects  of  the  drought  a  year  ago  was  to  cause 
the  crop  of  Winter  wheat  to  be  ready  for  market  unusu- 
ally early.  A  different  state  of  affairs  must  this  season 
delay  the  marketing  of  this  portion  of  the  crop.  Except 
possibly  to  some  extent  in  one  State,  the  crop  of  Spring 
wheat  may  be  said  to  have  been  very  little  injured  by 
the  recent  rains,  and,  at  this  writing,  appears  to  have 
made  satisfactory  progress,  escaping  all  serious  drawback 
except  a  late  sowing  season.  The  quantity  of  the  yield 
is  pretty  well  secured,  but  the  quality  is  now  exposed  to 
danger  from  prolonged  rains.  Indian  corn  is  a  plant 
that  requires  warmth  and  moisture,  and  is  much  less 
likely  to  have  been  injured  by  the  recent  rains  than  it 
was  by  the  drought  of  last  Summer.  The  Ohio  Valley 
is  a  great  corn-growing  region,  and  injury  to  the  crop 
there  is  a  serious  matter  in  its  relation  to  the  yield  of  the 
whole  country;  but  the  deficit  caused  by  the  drought 
last  year  was  not  a  serious  one;  speculation  based  upon 
it  was  unremunerative;  and  there  is  little  reason  to 


doubt  that  the  deficit  will  be  even  less  for  the  coming 
year. 

In  this  view  of  the  situation,  with  a  fair  surplus  yield 
of  both  wheat  and  com,  with  unrivalled  facilities  for 
shipments  io  foreign  and  domestic  markets,  with  a  lower 
cost  of  handling  in  this  harbor,  with  unequalled  means 
of  transportation  from  the  West,  with  the  amplest  mon- 
etary resources,  and  with  a  better  system  of  inspection 
and  grading,  New  York  may  anticipate  for  the  coming 
year  a  business  in  breadstuffs  equalling,  if  not  surpassing, 
any  in  her  history. 


LABOR  AND  SPECIE  PAYMENTS. 

(Commanicated.) 

What  is  there  to  be  feared  in  the  restoration  of  specie  payments  ? 
There  would  be  some  shrinking  in  prices  for  a  short  time,  and  of 
some  few  classes  of  property  and  commodities  a  lower  relative 
value  permanently.  And  this  ought  to  be.  One  of  the  most 
flagrant  wrongs  of  this  depreciated  currency  is  the  unequal  and 
unjust  relation  of  prices  which  it  sustains.  To-day  some  prices 
are  lower  than  they  ought  to  be  in  specie,  because  trade  in  them 
is  broken  up;  while  others  are  quite  too  high  and  ought  to  come 
down.  A  specie  or  redeemable  currency,  being  itself  a  measure 
of  value,  is  the  great  and  true  leveller,  and  it  levels  upward  as 
well  as  downward.  When  hard  times  come,  as  in  a  commercial 
crisis,  under  a  suspension  of  specie  payments,  and  subject  to 
the  working  of  a  depreciated  currency,  whereby  the  value  of  the 
products  of  labor  is  rendered  so  unstable  and  so  uncertain,  the 
interest  to  suffer  first  and  most  is  that  of  labor.  Capital  protects 
itself  at  once  by  discharging  labor  or  reducing  its  price.  Under 
specie  payments  there  may  be  crises  ;  such  have  often  occurred 
from  overproduction,  undue  speculation,  or  political  disturbance. 
But  so  long  as  values  are  protected  by  a  sound  currency  they  suffer 
only  during  the  temporary  stringency,  or  quickly  find  adjustment 
to  the  conditions  required  for  marketing  the  goods  produced. 
Then  labor  suffers  last  and  least,  and  capital  finds  its  own  interest 
in  the  most  constant  and  best  employment  of  labor.  High  wages 
are  not  profitable  to  the  laborer  when  that  which  raises  his  wages 
also  raises  the  cost  of  living  still  higher,  and  such  is  always  the 
effect  of  a  depreciated  currency. 

Labor,  the  first  and  most  important  of  all  interests  in  our 
country  to  care  f.)r  and  promote,  is  then  most  surely  to  benefit  by 
the  restoration  of  a  sound  currency;  for,  though  its  wages  may  be 
less,  its  cost  of  living  will  decline  still  more,  a  matter  of  the  most 
serious  importance  to  every  laborer,  whether  man  or  woman,  who 
has  others  depending  on  him  or  her  for  support.  Who  can  esti- 
mate the  annual  loss  by  the  non-employment  or  partial  employ- 
ment of  labor  and  capital  ?  The  laborers  must  be  subsisted  even 
if  idle;  but  their  small  savings  must  first  be  expended,  and  then 
privation  in  greater  or  less  degree  must  occur  in  this  land  of 
plenty.*  Discontent  always  arises  from  such  a  condition  and  with 
it  an  unreasoning  condemnation  of  the  existing  administration  of 
public  affairs.  It  is  hardly  possible  to  sum  up  the  moral  and 
pecuniary  loss  from  this  enforced  and  unnecessary  diminution  of 
profitable  industry,  without  seeming  to  exaggerate  it,  except  to 
those  minds  which  have  given  the  subject  careful  study — the  loss 
and  injury  being  in  their  greater  part  invisible,  while  the  appar- 
ent comfort  and  visible  prosperity  seem  to  deny  the  existence  of 
so  great  an  evil.  Measured  in  dollars,  the  national  loss  alone  is 
many  times  the  amount  of  interest  which  the  instant  funding  of 
all  the  Treasury  notes  would  cast,  and  that  interest,  though  now 
nominally  saved  to  the  government,  is  really  paid  by  the  people 
and  principally  by  the  wages-earning  class  of  them. 

•  It  was  estimatea  that  in  November,  1874,  there  were  more  than  250,000 
wage  laborers  ont  of  emploTment  of  those  who  were  steadily  employed  in 
1873— before  the  panic— of  whom  100,000  are  ekUied  laborers,  mechanics, 
miners,  &c.  If  we  call  the  average  wages  of  the  250,000  about  two  dollars  per 
working  day— $500,000  per  day— the  total  would  be  $150,000,000  per  year.  We 
may  also  assume  that  the  product  of  this  labor  was  worth  Its  cost.  It  is  esti- 
mated further  that  the  reduction  of  earnings  by  other  classes  of  labor,  factory 
hands  of  all  sorts,  men,  women  and  children,  amounts  to  $60,000,000  more  per 
year— also  by  loss  of  employment,  entire  or  in  part.  If  correct,  this  sbo^s  a 
loss  of  production  by  the  country  of  SOO  million  dollars  yearly— a  sufficient 
explanation  of  the  reduction  of  buying  power  by  our  people,  whereby  surplus 
piles  up  and  prices  of  manufactures  fall.  Yet  all  these  unemployed  laborer* 
must  subsist  though  they  earn  nothing.  It  is  doubtful  if  the  actual  gain  in 
wealth  per  year  by  our  whole  country,  in  any  period  of  ten  years,  has  been 
more  than  this  sum  of  200  millions.  Yet  we  suffer  this  fearful  loss  and}>» 
attendant  suffering  to  eo  on  rather  than  pay  the  Interest  on  the  30O  milliCK^ 
of  past  due  Treasury  debt— some  15  millions  yearly. 


AuguBt  21, 1875.] 


THE   CHRONICLR 


17  5 


WhMeTer  is  beneficikl  to  the  great  labor  intereat,  the  producera 
of  the  eoantrj,  miut  be  beneficial  to  all  other  good  intercBts 
including  that  of  capital,  especially  tliat  portion  employed  in 
prodiictiTe  works. 

Further  detail  aa  to  those  to  be  beaefitted  by  baring  a  good 
eamncy  is  annnciesry.  It  applies  to  all  oar  people  in  all  their 
oecopatiooa.  Oar  domestic  manafactoiM  are  now  denird  access 
to  foreign  markets  by  their  too  great  coat  of  prodaction.  The 
higher  range  of  prices  caoaed  by  a  taiUl  of  high  duties  has  in- 
creased that  coat.  Bat  the  depreciated  earrency  has  operated  and 
still  operates  to  enhance  that  cost  in  a  worse  degree.  Banish  the 
earas  and  blight  caused  by  the  latter,  and  oar  peopln  may  succeed 
in  spite  of  the  other.  The  hurtful  effect  of  both  combined  cannot 
be  endured.  Then  let  every  citizen  who  would  aaatain  the  sya- 
tam  of  rerenae  from  high  tariff  duties,  whether  for  rerenae  only 
or  for  "  protection  to  home  industry,"  glre  his  earnest  efforts  to 
secure  specie  payments. 

It  may  safely  be  predicted  now,  from  experience  and  observa- 
tion of  past  events,  that  whenevur  Congress  shall  enact  laws  which 
shall  inevitably  woik  the  redemption  of  the  currency  and  shall 
ky  pledge  of  public  faith  be  made  inawsible,  and  for  this  object 
Invpealable,  the  eflecu  contemplated  as  tn  occur  two  or  three 
years  forward  will  anticipate  such  tima.  When  the  way  is  opened 
and  iu  progress  made  sore,  the  work  will  perform  itself  long 
before  the  period  of  intended  preparation  shall  have  expired, 
wkMhar  tkat  period  be  two  years  or  tvs  years.  Should,  unhap. 
pUy,  radk  tastocaUtra  leglslatioa  be  wholly  deferred,  and  the 
boaiaaas  ol  tlie  eooatry  be  left  to  drift  with  nothing  better  than 
this  tiaaeharoas  and  aneertain  paper  currency  to  stipport  and 
guide  it.  there  will  yet  be  periods  of  appaiaot  revival  and  proa- 
perity :  for  the  restleaa  energy  of  the  paopla  forbids  that  so  maeh 
capital  aad  m  moch  labor  shall  remain  constantly  idle  for  long 
periods.  Bat  at  the  best  of  such  timsa,  a  sense  of  peril  will  be 
preerat,  reducing  the  force  and  its  reaolts,  while  periods  of  de- 
pression will  alternate  with  them;  aadao  It  mast  be  nntil  theday 
of  deliverance. 

It  resu  with  C'ongrras  to  do  tliia  glial  work.  No  member  of 
that  body  can  creditably  aver  that  be  does  not  know  what  meaa 
ures  woold  safely  and  surely  bring  abnat  that  reaalt,  for  that 
knowledge  eonld  be  aeqaired,  and  IgMMaaoe  upon  the  most  im- 
portent  subject  of  laglalation  that  caa  oall  for  his  Mtioa  \»  tkt 
tmn  being  oummeadable  or  excusabla.  Whoever  reada  the  dabatea 
that  oeeomd  la  Congraas  from  18M  to  IMS  will  llnd  great 
aatagoaisBis  betweea  great  men,  bat  they  were  on  maaauaa  of 
policy  chiefly  and  rarely  led  any  one  of  them.  In  the  highaM  beat 
of  debate,  to  propoae  or  advocate  aaj  tiohuioa  of  flnaneial  princi- 
ple, or  di-gradation  of  the  national  «Mdll  aach  as  holding  the 
Treasnry  aader  aoapeaaioa  of  paymsat  oa  aoy  of  Its  obligations. 
In  those  days  oar  sfh— sa  would  haTehaM  him  derelict  in  duty, 
who  would  suffer  that  dishonor  to  the  country  beyond  the  prra- 
sare  of  the  war  or  other  erect  which  for  the  time  compelled  It. 
And  UUr,  whaa  tka  legal  leader  eltail  of  the  earrency  bill  (in 
IMS)  was  tiader  dlscoaaioa,  nmamhtt  with  what  esceedlag 
raloctaaoe,  aad  compelled  by  what  to  than  was  stern  necessity, 
membeia  gave  aaseat  to  it  aa  If  H  wet*  laying  onhoty  and 
aacrilegiona  hands  apon  the  ark  of  the  eovcoant.  Read  their 
speeches  aad  see  bow  hardly  they  wata  poratrndad  even  by  the 
aavsM  hgic  of  war,  and  how  some  of  Iham  dioadad  the  conse- 
qoaacei  of  the  act.  Yet  not  one  of  tham  coald  have  supposed 
that  thrlr  act  woald  havoearried  llaavUbwthrn  upon  thaeoanlry 
for  lea  years  after  the  war  wai  clooad  aad  after  all  emergency 
calUng  for  it  had  ceased.  B.  V.  NocasB. 


— Meaats.  Chase  k  HIggiason  sro  offering  to  the  notice  of 
Uvsalors  Maaaaehasotu  State  boads.  doe  la  1800  aad  bearing 
Ire  par  esat.  gold,  intereat.  These  boada  aia  aithar  eoapon  or 
ngialerad,  aad  stand  amoag  the  vary  beat  of  the  aeenritiea  offerod 
la  oor  market.  The  Interest  is  payable  In  January  and  July. 
We  call  attention  to  the  adveniaement  In  another  column  of  oar 
to  day'a  Imue. 

—The  Chicago*  Alton  Railroad  Company  has  decUred  a  divU 
'•>'  ol  loar  par  seat,  oa  both  the  preferred  aad  rommon  stock. 
t  the  ht"-*-     •  -  -» 


eyabia  at  the  haakiag  house  of  Hi 
i.in  Wmiam  itir  -    "' 
Transfer  hooka  doaa 


M.  K.  Jeeup,  Paton  ft 


.M  Wmiaa  street.   New   Voi k.  oa 'aad' aftMlh/ptember  l' 
oa  Aogust  ao,  aad  ra-opaa  B^tambor  %, 


—The  eamlags  of  the  New  Jensr  aad   New  York  Railway 

Oompaor  lor  July,  1875,  are  given  batow  la  comparison  with  the 

f^l!^^JS^  r«M:   Jaly.  1878,  |MM» ;  Jaly,  1874,  •18,M2  ; 
■•raaaa,  fo,  Tw, 


..  "*"";  Bank  of  New  York  gives  aotlos  that  they  have  reeeived 
If  TexM  b^dS*  '*'■*"  **  **»•  owp«i  4aa  Sept.  1  <m  Uta  State 


COMMERCE  OF  THE  U.VITED  STATES  FOR  THE  FiSCAL  YEARS 
1874-S  AND  1S7J-4. 
The  table  below,  taken  from  the  report  of  Mr.  Edward  Yoong, 
Chief  of  the  U.  8.  Bureau  of  Statistics,  preseuta  a  detailed  etate- 
ment  of  the  exporta  and  imports  of  the  whole  United  States  in  the 
fiscal  year  ended  June  30,  ISTS.-compared  with  the  previous  year 
terminating  June  30,  1874.  We  devote  ao  much  apace  to  this 
extended  table  for  the  reason  that  its  sUtistica  are  general  and 
complete  of  their  kind,  showing  at  a  glance  the  total  exporta  and 
imports  of  every  leading  article  of  commerce  from  or  into  the 
United  States  daring  the  past  two  fiscal  years.  For  purposes  of 
reference  thia  table  will  be  found  of  much  value,  in  the  volumes 
of  the  Chboriclx. 


ai,isn. 


.-— ~,/him  Monthly  Belunu  nf  ColUelOTt  of  Cuttomt.  of  fbrtUtn 
tmporUd  Into  Ou  Vnittd  Statu  durimg  IhsJUeal  Mar  tndea  j7ne 
>■»<<  teilA  U«  oorrupoiuiMg  ytar  qf  lsra-4  .■ 


CsauBodltlas. 
FrmtfDuti. 

Armis »«. 

Artidea  tkeprodoce  or  mAnafSo- 
lure  of  ttie  United  8utM,broiufat 

beck 

Bsriu :  Madic'lcJilV  Pernir'lui,  ciii- 

•  tya.  Lima.  Ac t>i. 

Bark*  n*ed  fur  taooIiiE 

Cork  bark  and  wood,  uomrctd.. 
Bolting  dolbi 


. Qoanlltle*.- 


Tear  ended  Jnne  SO. 


> . Valaet. — 


ISTS. 
S.Ut,808 


1874. 
a>«6,)76 


Tear  ended  June  DO, 
1875.  1874. 

$aiS,S88      t«tl.«80 


4,54t,CTO       6,Mt.5!» 


l,St7,481     4,0I)3,S81 

SSe.MSt     1,S7».W2 
1»^8«8        IM.Sm 


OmplMr.crBde., 


Ik. 


CkeailcBla.diu«,d]re*A  medicine* 
CUatlda  o(    Ilae,  ur  bleadiini; 

powdav B>.. 

Ooeoa.  erada,  *  Uana  *  ahaU*.  »s 

Ooeklaaal lif. 

CodiM tit. 

Oettan.iaw t>: 

Caleb  or  caiecha  A  tana  Japoolcs 

argaablor %t. 

I>T«-voo<ia,  iaitjcka ewt. 

■<!• doa. 

Fbh,  not  of  Aarflcaa  Idierle* : 

riMk.  of  all  Uad* tti. 

Banlag,  pickled bbla. 

Mackaral,  picklad bbl*. 

AUe<kM 

Far  akiat,  aadnaaad 

Ooid  aad  allver : 

Ooidbailloo    

Bilnr  balUoa 

Ooid  eoU...  

■ilvar  coin  

aaaoe(«zeapt  ttom  boodad  lal'da) 

leas 

.fta 


M7.19I 


»0.7S7 


W:.9j9 
tM.iTO 

locaiD 


4SS,90» 
1SS.81& 
8<.1,4liS 
109,&-.6 


tetn.aot 

MI7.9M 

iioo.9n 

8J1.4;0.8tt 
*,I4».8U 

lS,Mt,790 

i.iMsjas 

4,*61,470 

IS.J0I,90S 
70.7SS 


tccnaLtat 

8.6i6.S» 

l.T»0,ST7 

«aM7l.ftM 

s,<a).8Si 

18,9W,SS( 
Tn,087 

&,«n,i78 

»,987,an 
5i,«r 


Oypaaa,  at  plaatar  of  Paria,  an' 
Vvaad tone. 

Iklr,  ■■■aaatactared : 
Bone  bair,  aaed  in  WMTinc.fta 
Bair  of  all  kioda fta 

BtdM  aad  aklaa,  other  than  Inn. . 

npaaaheld  aaii  peraooal  cOkU 
aad  »a>na(  apparel,  old  and  In 
a**,  of  peraooa  arrlTinc  from 
fonlca 'veatric*.  

ladla  rabkar  aad  catla-paicha. 
erada %t. 

ledJap ...»•• 

JalsbatU loaa. 

■adder,  not  in  iadiax  theaziract 
o« Da 

Ofl*.  aet  aiaswbere  •p«clt<d  : 
whale  or  (ah,  doi  o(  Am«rl-ao 

■abartea (ala. 

Vantabia,  txad  or  cxpraM.iala 
VoIaUl*,  or  aMential fei. 

ffalBliai*,  ataloarj,  and  other 
worfca  of  art  of  Aaaricaa  artlalt 

Psear  aatarlals : 

■aaaof  eo'lODor  liaan %*. 

Oibar  malariila fta 

»Mda 

Mlk.raw fta. 

••da,  nlliala  o( »•. 

Balpbar  or  brim'ione.end*..toaa. 

TaUr »a. 

Tie  la  ban,  biocki  aad  plc«..ewt. 

Wood.  SDaannraciorad „ 

aniciea 


■4:8 


l,l(9S,liM 


ia,79«,aM 

ut,m 
iis,(m 

t.M7,«H 


4,6M,Mt  8,844,778 

1.0U,«iS  I.OIMM 

863,011  400,8<)« 

B7V.I4D  a8«.t8!l 

aO.BSI,48i  B5,048.M>7 

40e,8b8  704,784 

<as,181  T4i.S*5 

ntt,51«  MT.tti 

•00,944  747,868 

8Bt,017  »l.837 

aSStMO  181,981 

184,188  800,980 

N8,SU  688,949 

1,818,178  8l8ttlB 

l,aei.t8S  1,S14,II8> 

l;n9,«B4  887,883 

18,118.18)  17.868,488 

6,908,170  8,114,088 

888,708  890,869 

8.881,888  1.7».,01» 

116,881  180,19* 

457,483  898,888 

47U,094  8>t,83S 

t*,688,8e4  18,444,8n 


....  b71,987  887374 

14.191480  4,«n,480  8,198,7*9 

1,U1.«»)  »49.7«  980,881) 

87,198  740,837  887,889 

4.198.088       6,848,477  307,796  894.936 


U,ai>,8M 
888.788 
81480 


977448 
847,904 
8M,9«4 


88,871888 
8540.1,864 

1.101.881 

884M.aM 

88,9»4 

t4,9at,8?« 


t8h448 
«e74'« 
301.378 


181, m  91,944 

8S8C7MI        488.078 
687.740        486,-0« 


94,178,448 
tl.71U,4l« 

N4i«if 

81.9:8.818 

41.588 

68,811,806 

114,988 


894,983 

3.973|'«4 
;9T.88: 
8l9,r<9« 

4,304,3  8 
988,816 

l.MMOO 

88,ra.ira 

84*T.81t 
1485488 
6,979.088 


887,409 

8,8e/,aR8 
707,3«« 

8.(JM,0lltl 
1,338,141 
1.100,140 
81,118.334 
S,18i',lti9 
8,861,441 
9,980,144 


Total  free  of  dair 

DaUabU. 

Aalmda,  llvlai 

~    "    -. — .    -      ^jj  other  a»lt 

fla 

,„^^-    .,.    ..    anpavian^nd 


,  paaphleta,  anj 
rpaUkatioaa. 
aadawaafacta 


8,188,888 


Bmaa  aad  BWaafactare*  of 

BraadalBfk  aad  other  farinaeaooa 
food: 

Barlay boah. 

Itarlevaull banh. 

Bread  and  Macait ft*. 

Indlaa  com  or  Balsa boah. 

Oau boah. 

Bke l>s. 

Eye boh. 

wbast bnab. 

Wheat  Ooar bbl«. 

Meal  or  toor  made  from  oata, 

ladlan  com,  rya  A  bnckwhaat 

Paaa,  baaoa  and  elhar  aaida  of 

laciuBlanai  plaala Inah. 

All  other  farloMaoaa  food,  and 
prepantlona  of,  iDcIndlni  ar- 
rowroot, pearl  or  bulled  bar- 
ley,**.  

Briatlaa »s. 

Battalia  of  all  kinds,  Inclndlng 
batton  matertala  partljr  flttea 

fotbattooa  axdaiiTsly.., 


....  167,174,144  179,988,868 

....  8,068,138  8,887,609 

8,068,888  1,748,180  1,78<,56« 

....     1488,388     9,308,877 
886,489        866,088 


6,854,778 

144.487 

848.aH 

>7.in 

1,300,008 

69,4*4.749 

399.884 

301.831 

u,9n 


718,418 


496,064 


4,891.189 

•45.640 

489.186 

78,808 

191,808 

73,167,718 

181,168 

1,848,081 

94,m 


8497,833 

163,788 

89488 

88,687 

888,698 

1,547,687 


810,878 
78,869 


6,801,653 

Ml  460 

88416 

61,868 

78,888 

8,088,848 

188,888 

1,114,194 

681,648 


181,068       135,775 
«l4ai        686,S1S        630,150 


186,493 
687416 


lOO.iOO 
645,108 


SB,006 


17+ 


tflt:   CHitONlCLtl 


[August  2i,  18  5. 


Commodities. 

Cliemlcala,  drugs,  dyes  and  medt- 

cince 

Chlccory,  gronud  orprepireil,  and 

rcM)t lbs. 

Clothing  (except  wlicu  of  silk  and 
except  hosiery,  Hic.)  of  cottuu 
or  wool : 

Cut  and  sewed  tngetUer 

Arilc  es  of  wear  

Coal,  l>ituminoa8 tons 

Cocoa,  manufactured,  not  includ- 
ing choci'lato lbs. 

Copper,  and  minufactures  of : 

Ore cwt 

Pigs,  bars,  ingots,  old  and  other 

unmanufactured lbs. 

Manufactures  of 

Cordage,  rope  and  twine,  of  all 

kinds lbs. 

Cotton,  msntifacMires  of: 
Bleached  &  unbleached,  sq.yds. 
i*rint'd,palni'dor  cord..sq.yds. 
llopiery.  shirts  and  drawers  .... 
Jeans. deninif,dril'gs,&c. sq.yds. 

Other  manufactures  of. 

Earthen,  stone  and  China  ware... 

Fancy  goods 

Fish,  not  of  American  fisheries  : 

Herring bbls. 

Mackerel bbls. 

Sardines   and    anchovies,    pre- 
served in  oil,  or  otherwise.... 

All  other 

Flax,  and  manufactures  of:* 

Flax,  raw  tone. 

Manufacinres  of,  by  yard 

Other  nianufaciures  of 

Fruits,  of  all  kinds,  incud'g  nuts. 

Furs  and  dressed  fur  skins 

(jlass  and  glassware : 
Cylinder,  crown  or  common  win- 
dow  lbs. 

Cylinder  &  crown,  polisU'd.sq.ft 
Fluted,   rolled  or  rough   plate 

sn.  feet . 

Cast  polished  plate,  tot  eilver'd 

sq.  feet 

Casi  poll.«h'd  plate,  eilver'd. s(j.ft 

Other  manufactures  of 

HairCexccpiinir  ihai  of  the  alpaca, 

goat,   and  other  like  animals,) 

and  manufaetnres  of: 

Hair,  human  and  ipiin'-fact's  of. 

Hair,  other  and  manufactures  of 

Hemp,  and  nianufactureB  of  :t 

Kaw tons. 

Manufactures  of.  by  yard  sq. yd. 

Oiher  manufactures  of 

India   rubber   and    gutta-percha, 

manufactures  of 

Iron  aud  steel,  aud  manufactures 
of: 

Piglron lbs. 

Castings lbs. 

Bar  iron tbs. 

Boiler  iron lbs. 

Band.  hoop,  and  scroll  iron. tbs. 
Kailroad  bars  or  rails,  of  iron. lbs 

Sheet  irt'U Ib-^. 

Old  and  scrap  iron tone. 

Hardware 

Anciiors,  cables  and  chains  of  all 

kinds Ibe. 

Machinery 

Hu  kcts,  pistols,  rifles  &  sport- 
ing guns 

Steel  ingots,  bars,  sheets  &  wire 
liuilrM  bars  or  rails,  of  eteel.  lbs. 

Cutlery 

Files 

Saws  and  tools 

Other  manufactures  of  iron  and 

eteel 

Jewelry,  and  all  manufactures  of 

gold  and  silver... 

Jute  and  other  grasses,  and  manu- 
factures of  :t 

Raw tons. 

Manufactures  of.  by  yard. sq.  yd. 

Gunny  cloth  and  gnnny   bags, 

and  manufactures  of,  used  for 

bagging ....lbs. 

Other  manufactures  of 

Lead,  and  nmnnfactures  of : 

Pigs.  bars,  and  old B)9. 

Manufactures  of 

Leather,  and  manufactureeof : 

Leather  of  all  kinds lbs. 

Gioves  of  kid,  and  all  other,  of 

skin  or  leather doz.  pairs. 

Ot I  er  manufactures  of 

Marble  atd  stone,  and  n  anuf's  of 
Metals,  metal  compoeitione,  and 

manufacturt-s  of  

Musical  iusuumente  

Oils: 
Ciial  and  other  mineral  oils  .gals 
Whale  and  fish,  not  of  Amenc'n 

tlsiier  ee gals. 

Olive,  salad gals. 

Olive,  not  salad gals. 

All  other  veget. We,  fixed.. gals. 

Volatile,  or  eet^ential lbs. 

Opium,  aud  extract  of B>s. 

Paintings,      ehromo-lithographs, 

photographs  and  etatuary 

Paints : 

White  lead Bis. 

Bed  lead  and  litharge lbs. 

Whiilngand  Paris  White.  Ibe. 
Other  paints  &  painters'  colore. 
Paper,  "lid  Mtinufaciuree  of; 

Printing  paper Ibe. 

Writing  paper... 

P;qHr  £tugings  and  other  paper 


, Qttantltles.- 

Year  ended  June  30. 
1815.  1874. 


4,561,M5 


440,.598 
40,099 
40.831 

930,108 


-Values. , 

Year  ended  June  :I0. 
1875.  1874. 

$5,617,869  $5,412,0.54 

190,091        146,593 


498,028 

85,170 

5,461 

1,514,600 


814,172     1.562,085 
9i4,B69         3f)l,543 


1,798,  tp«9 

10,028 

179,239 

.  144,448 
203,623 


1,950,425 

7,078 

71,111 

8J7,978 
163,«5« 


6J4,%9       1,«33,784         76,192        201,091 


23,418.:W 
18,339,891 


96,.°61,88S 
23,380,235 


1,955,825       2,220,663 


26,461 
59 


4,320 


31,128 
190 


8,428 


2.874,222 
3,6B3,il3(> 

4,94«.tl20 
2(iK,7:M 
16.9":t.««4 
4.:)03.577 
6,662,107 

226,494 
353 

520,179 

102,283 

1,092,405 
14,12.5.047 
v,477,-j:«) 

13,5.37,6<>8 
2,tl6-3,613 


3,093,933 
3,16.5,4'J4 
4,621,309 
:i2  .138 
16.9'.IH,IM5 
4,882,355 
4,518,987 

25:),044 
1,550 

991,080 
131,676 

942,0.38 

14.081.428 

3.891, :«1 

8,28, 4 18 

2,531,073 


15,1:M.514  35,6.52.349  1,666,040  1,881,368 
61,822     46,364    21,166    14,933 


1,016,950    635,314 


1,789.840 
2,243,510 


S3,C63 
124,986 


2.006,185 
2,604,331 


21,.325 
7i,ml 


47,265 

1.620.032 

887,817 

I,5i2,b65 


578,691 
306,933 

3,110..303 
11I.217 
98,223 


34,237 

1.6,55,909 

961,512 

1,710,005 


897.693 
831,707 

3,076,967 
12  152 
102,032 


20,395,943 

206,173,041 

1.457,941 

174,905 

430,0.2 

3,3>;8 

53,104,467 

77,031,538 

1,728,137 

lS8,li80 

154,733 

9,2211 

8^^8,125 

6.015,950 

34,062 

4,.S9S243 

40,759.006 

69.284 

10,715,066 

12,343,734 

a52.426 

3.2.409 

61,366 

792,772 
311,807 

5,783,982 

6,997,978 

8.39,806 
697,100 

656.204 
2,539.9.6 

89,667,418 

292,821,945 

2,863,0J7 

1,440,418 

359.435 

24,712 

81,852 
168,216 

9,799 
8,411 

1,273.034 
8,264 

3,901,915 

6,391,413 

209,612 
2.391,348 

29,646,719 

43,513,017 

1,422.218 
27,758 

8,847,995 

9,379,669 

5,942,238 

683,632 

524,434 

3.536  076 

771.284 

1,335,617 

1,187.382 
786,124 

46,103 

434,980 

6,534 

115.084 
176,119 
177,t88 
481,561 
114.726 
305,  U6 

22(5,528 
1,39,241 
118.453 
31:l,301 
139,415 
395,909 

70,404 
3:«,V18 
127.240 
2.5:1.367 
206,679 
2.037,793 

1,151,842 

4,413,091 
1,041,»17 
4,145,32* 

4,76.5,868 

50-2,493 

3,351,947 

299.132 
70.791 
21,989 

831,848 

244.169 

3,610,547 

80,711 
27,170 
181,274 

514,161        803,830 


3,288,022 

15,905 

3,022,311 

11,177 

800,574 

987,260 

808,016 

1,495.142 

265,678 

437.582 
1,293,774 

873.4.30 
2,960,055 
9,771,175 
l.SS^IOl 

67.5,211 
48,210 


4.307.616     6,153,830 
687,490        819,130 


1,006,618 
1,402 


.341,148 
1,966,057 

2.128,387 
36,401 

6,138,528 

3.319,293 

813.765 

1,246,692 

1,289.601 
870.348 

81,327 

I2!.9S7 
201.2-24 
84..551 
18'.,'.2:-I6 
335.7-28 
2,540,228 

1.169,878 

822.611 

3\703 
19.726 
709,095 

28B.121 
10:i.l60 
2i0,:l81 

*  Including  brown  hollands.  burlaps,  canvae,  coatings,  crash,  diaper,  duck, 
handkerehiefs,  hu  kabacks,  lawns,  paddings,  and  all  like  manufactures  of 
which  flax  shall  he  the  material  of  chtef  vain.'. 

7  £xcepl  articles  epeciAed  in  Uie  note  to  "  Flax,  mi  mMafactares  of," 


Commodities. 


, Quantities. , 

Ycareuded  Jutie  30. 


1875. 


1874. 


Papier-mach6,  and  other  mana- 
faetiires  of  paper,  including 
INircliment . . , , 

Perfumery  and  cosmetics  

fotatous bush.        188,717 

Preeiims  stones 

Provisions  (meats,  poultry,  lard, 
butler,  cheese,  &c.)  not  includ- 
ing vegetables 

Salt lbs.  8»1,811,:«)0  929.37-3,573 


. Valnes. , 

Year  ended  June  30. 
1875.  1874. 


....   $1,110,797  $1,0)8,857 

381,991  818  500 

549,073        166.981  831,970 

.  ..      3,399,593  5,274,790 


.  tts 


4,195,182 
8,783,301 


12,1-21,447 
2,648,821 


186.51.5.578 
34,714,497 

264,715 


Saltpetre  (nitrate  of  potash) 
Seeds : 

Flaxseed  or  Unseed bush. 

All  other 

Silk,  Manufactures  of: 

Dress  and  piece  goods. ._ 

Hosiery 

Other  manufactures  of 

Soda,  and  Salts  of: 

Bicarbonate lbs. 

Carbonate,  incliding  sal  S'wla 
and  i-odaash Il.s.  195,751,318 

Caustic  soda H.s.    88,579,181 

Acetate,    sulphate,    phosphate, 
and  all  other  salts  of  soda. lbs.        533,065 
Spices  or  all  kinds  ;  also  ginger, 

ground,  pepperand  mustard. lbs.   17,139,268 
Straw  and  palm  leaf,  and  manu- 
factures of ....  

Sugar  and  Molaeees: 

Brown  sugar Ib8.1696,821.454  1594,306.854 

Keflned  sugar lbs.  15,251  39,279 

Molasses.. aals.   49,113.191     47,189,-37 

Meiado  and  siru'ieug.  cane.  lt>s.  101,767,4.50    106,9,52,3.56 

Candy  aud  conftctiouery,.  .lbs.  ~ -.,..- 

Sulphur,  relined cwt. 

Tin,  and  lunnufactures  of: 

In  plates cwt. 

Other  manufacures  of 

Tobacco,  aud  manufactures  of : 

Leaf fl>s. 

Cigars  lbs. 

Other  manufactures  of 

Watches  and  watch   movemcuts 

and  materials 

Wines,  Spirits  and  Cordials: 

Spirits  and  cordials  in  casks, 
proof gals. 

Spirits  and  cordials  in  bottles, 
doz. 

Wine  in  casks gala. 

\Mnc  In  bottle" doz. 

Woodj  and  manuTaetures  ot : 

Cabinet  ware,  house  furniture, 
and  all  manufactures  of  wood 

Boards,  deals,  tilank,  joists  and 
scar.tling M  feet. 

Shitigles M. 

Timber,  sawed  or  hewed,wholly 
or  ill  part 

Other  lumber 

Wool,  sheep's,  and  hair  of  the 

alpaca,  gnat,  and  other  likeaui- 

mals,  and  manufactures  of : 

Unmanufactured lbs. 

Cloths  and  cassimeres 

Woolen  rags,   shoddy,  mungo, 
waste  and  flocRS  lbs. 

Shawls 

Blankets 

Carpets sq.  yds. 

Dress  goods sq.yds. 

Hosiery,  shirts  and  drawers 

Other  manufactures  of 

Zinc,    spelter,    or    tutenag,    and 

mannlactures  of: 

In  blocks  or  plus !ba. 

In  sh' ets lbs. 

All  articlee  not  elsewhere  enu- 
merated   


1,2-29.379  1,747,4)2 

1,806.748  2,3-10,311 

361,240  550,463 

6,227,012  4.S01.690 

460,180  351,736 

18,261,073  15,618,976 

81,913  73,618 

6,031,:)00  6,301,183 


6,809,632     12,718,072        23i,815        40i,217 


3.860.119     4.076.029 
1,445,731     1,522,480 


32,829 


6,8.37 


14,799.001     2,255,485     2,351,793 
....     2,325,.589     8,085,878 


70,025,970  77,459.968 

1,202  3.1:i9 

11,6S5.813  10.947,«-24 

3,313.603  4,42  (,.3.56 


76,996 
535 

56,443 
1,709 

16.737 
1,399 

13,916 
4,129 

i,T03,oeo 

1,511,776 

12,956,617 

81,706 

12.992,923 
71,779 

6,767,7.58 
866,974 

9,690.011 
897,5-i4 

.3,72l,.531 

3,087,617 
48,888 

5,537,651 

8,r2J.604 

42,350 

2,282.925 

2,874,294 

1,667,038       1,838,749     1,7,3-2,592     8,018.451 


104.135 
6,731,586 

401,811 

112.869 

7,8.39,8:i7 

419,122 

475.952 
2,842,ai9 
2,708,3-21 

513.930 
3,156,979 
2,887,109 

1,081,475 

1,809,857 

392.970 
82.110 

562.395 
109,215 

4,-571,078 
197,755 

6,764,814 
278,490 

— 

112,717 
219,907 

229,017 
416,816 

54,903,654 

42,939;541 

11,069,701 
13.680,288 

8,250,306 
13,016,671 

1,387,741       1,783.677 


2,314,785 
71,299,121 


2,087,671 
7,238.894 


3,122,603 
73,363,799 


149,099  151,1.56 

2.12:3.298  2,1S1,F87 

1-2,604  13,472 

2,643,:.;32  3.649,863 

19,759,18,3  21,162.0:35 

683,1)61  5  5,109 

6,5l7,669  6,30'2,895 


2. 251, ,802 
4,431,7:33 


109.912 
441,766 


125,630 
322,214 


4,060.203     5,294.117 


Total  dutiable 

Total  free  of  duty. 


....  386,720,382  415.H2  ,680 
..   .   167,174,144  179,936,668 


,  553,894.5-26  ."95,861,248 

393,361,6-28  41 1.629..50I 

162,562,S72  177,494,4  12 

7,970,026     6,737,318 

13.073,955  11,513.aS5 
157,871,096  176.1127,778 
382.919,475  405,820,135 


Total  imports.... 

Entered  for  immediate  consum'n.  .... 

Kutered  for  warehouse .... 

Enteied  for  immediate  tran-p'n..  .... 

Brought  ill  cars  and  other  land 

vehicles .... 

Br' Might  in  American  vessels .... 

Brought  lu  foreign  vessels .... 

DOUKBOB  BXPOJtTB. 

Summary  Statement,  from  Monthly  Betums  of  Collectors  qf  Customs,  of  Com- 
mcdities.  the  Growth,  Froduc.  and  UaniifaHnre  of  the  Vnited  Slalei,  Ex- 
ported from  the  United  States  during  the  year  ended  June  30,  1875,  compared 
with  the  corresi)oiiding  period  qf  1873-4: 

, Quantities. ,  , ^Vnlnes. , 

Year  ended  June  30,    Y'earendid  June  SO, 

1875.  1874. 

1,683,814       1,904,:352 


Commodities. 

Acids lbs. 

AgricuKural  implements: 

Fanning  mills No. 

Hnrse-iiowers No. 

Mow-  rs  and  reapers No. 

Plows  and  cultivators No. 

AUolher 

Animals,  living: 

Hogs No. 

Horned  cattle No. 

Horses No. 

Mules No. 

Sheep No. 

Ail  otiier,  and  fowls 

Ashes,  pt  and  pearl n>s. 

Bark,  for  tanning ... 

Beer,  ale,  porter  t^nd  cider : 

In  bottles doz. 

In  casks ...pals. 

Bells  and  bell  and  bronze  metal.. 

B'qiiarfl  tables  and  apparatus 

Blacking 

Bones  and  bone  dnst cwt. 

Bone-black,  ivory  black,  la  lamp- 
black  lbs. 

Books,  pamphlets,  map8,and  other 

publications 

Brass,  and  inacutactores  o( 


i:o 


14.580 
9,t05 


61,979 

67,211 

3,166 

2,776 

121,41o 


59 
16,139 
17,6.33 


15S.681 

66,067 

1,432 

1,2.52 

124.248 


1,726,624       1,502,626 


3,633 
61,t61 


1,376 


2,897 
99,135 


47,868 


1875. 
$58,065 

14.863 
17.2-;l 
1.591,509 
123,747 
876,582 

739,215 
1,103,085 
2-39,1.56 
356.098 
18:3.898 
47,418 
1  •.5,648 
193,938 

7,600 
16,604 
16,864 
67,997 
100.156 
132,246 

74,648 

580.093 
-1,000,62^ 


1874. 
$66,428 

8,645 

S0,(iS5 

1,797.130 

236. -208 

1,0-23,090 

l.«J5,837 
1,150.857 
169,,303 
174,125 
159.735 
30,531 
116,766 
160,670 

6,215 
33,357 

8,433 
48,799 
67,987 
108,440 

58,18 

.584.930 
503,531 


Augttst  21, 1876.] 


IttE   CHltONICti^ 


175 


, Quanlttler. 1  . V»laM , 

CoBBiodttle*.  Tear  tudua  June   30,  Year  rndeil  Juue  W, 

U)T5.            1874.            Itfia.  U74. 
IbMd  sad  bnadMalTtf : 

llIriM bo.h.  91.CITS         »i,39»       «Bl.Mr  $aj0,738 

■(Mdud  blKolC      *•.  11'.:^     11  UJ.M9        S!0,OH  676,11)7 

iDdUui  com bMh.  -«  M.4a6.<>S7  8l,769.iei 

Q^\r.. bo.h.  rj       490,587  »«.7tB 

S.      ...^ bvb.  a>;                        -*        SW.J90  l,S08.3ii« 

S,|<mr bbU.  -■'1         M-9M  388.S1S 

•iliit                              .     ..bMh.  53.017                           JS    59SJ7.»nOI,«l,-»S9 

^hcMfiOor bbU  3,l«51.'^u      4,U)i.UM   St,;iU,u74  a,£8,aM 

Oikarinulmliiud  pulM....  ..               ....        SM,214  070,116 

MilOTi.  f«nua,  mud  all  other 

prepantioo*    of    bnaditoA  _     _        . 

mMa<uirood SN-ia  S«.«8 

■ricks M.  i.r,i          1.U7       ia,uM  ii.«9i> 

BMSMiaMbnihMOf  ■llklBd*.  .              ...        14f,9BB  U7JM 

Cha41«[.HUaw«Bd  oibar...  »•.  l.iXC.::ii      1,196,091       ttifO^  tOtX"! 

GMotagca,  cvu.  aad  puu  or ..        (10,5:5  H1.SM 

Ous,    nimad,    paMimgtr    and 

feSchl .No.  301            l.Oa        810.961  1,1S1,8B8 

deS.  airi  paru  or ....      1,«*,9H  ViKfio: 

Oog>a.  cocoa  aad  aptya.  tadadlm 

■iaatr,  papfwr  aad  Boatard ....             ....         84.»7  10,07 

OnLMtuSMa toaa.  Vt:.\-^        an.490       ULilS  l.U7.iM« 

OdMT .  ..tona.  ilU.r^a        W1,9U     l,7SM«t  9,. 31.1)  4 

Coaba ....              ....          »,i73  7,535 

Coopar,  aad  maaaTactana  of : 

On. ewt.  r,:.K)5         UIM      imsw  liB.4S0 

lBplca,baia.«b««UaadoldJba.  5.I:;i,t-o        HO,.*)     LOASM  US.437 

Othar  Muataciaraa  of ...         4*,U«  «a.»il 

OaMaM,  fapa,aa4  nriaa  of  aU 

_ki3a  ...^ fta.  1.  .  :a     i,ioi,nt      »i,i«5  Mt,9a 

lOfaclaraa  of : 

*>*.  I  •-•■..»      t^mtjm     1.MIVB  9,114.191 

labetvad l>a.Uv  -i  UBd.  17^779 imjomjm ■Ml».4ad 

...jda.  :.:''i:a    4,Mft.i89      tAaai  •«.tbi 

....yda.  ti^ttt.iiM  ajtotm   9,aia,tn>  i.«m>4 

of......  ....            ...      8:9.455  na^tpo 

I..  ....            ...    t,4M.(a  (.ansa 

Djaiiaft .                          twin  «79,Mi 

lanban aad  ilOM awt ...           9«.»H  H.4»4 

Paaer  a>tk!<a ....            ....       Mi.4a  tm,H» 

rralta: 

Apptaa,  Mad »•.  4.r>-,i.Mt      «.«4,7«       HUM  tM.'tt 

AMlaa,cnaaorripa baak.  -OtrrA        muaa       Mljn  99(111 

oStrftail.  (taaa.  ttpa  or  ditad  tmja*  mi,Jtm 

Fnaanwd.  la  caaa  or  o«aanrtaa  tlA,IM  1«94( 

raraaadfataklaa....    .               ...     timt4H  (.MUM 

Oaalxianaaadctaadaltan. ....             ....         t6bl(9  MMT 

Ulaaaac »■.  <97.iar*      «MU       ■"*•  **■'"» 

easaaadciaaawaco ....        flM^iO  H1.K7 

Olaa »a.  lll.«44        TUM        m.t»  I9,m 

flaM  aad  ailrcr.  aad  afactaraa  uf : 

Ooidballtaa ....     l.tta.779  MmSM 

ooMooU ..  a»«9L7io  i>,nMia 

au««r  baUoB .    n.W7,«i4  91.4*17M 

MlnrcBte 5.ll^«7*  «jM5.4lt 

OoM  aad  allTar  kaf 1,179  Ml* 

Jawatry.   aad  otk^r  aaaairac- 

laras  of  cold  aad  iOnr I4MM  lOI^WI 

iKIBMd. *«,3M  aN.«M 

of ia.tM  ■.in 

.    .  t 

Of  «a>l,  far.  aad  tllk    .    ItMBI  ISt.OS 

orpaiai.iaaf.«ifa».  aa. m,*»  mjm 

Ray wm.  7.;ia         ^M^      1M,1«  ni,a7i 

Urap.  aad  aMaafactarta  of : 

Haap,aaBMialbetaiad....cwt.  )  IM           1.111         (MM  dWI 

Cablaa  aad  rwrdH* cM-  >'  '**          ^*  •«       ill.M  fn.«lt 

Attotkaraaaafcaaraaof.  MUM  MI.TM 

inicaaa<aklM,otlMr  llMadv..  .     ini,m  t,M9,«t 

Boopaklili ..          I,»l  15.101 

■opa .  M*        in,MS    MM^ttf  tl.nQ 

lea K         »ljm       HMM  mitU 

gallapu.— 

palfa,  tjm-         WIT        ajM  «,«! 

..-.            ....        ni,44«  MMM 

Iraa,  aad  ■aaafaetana  «(: 

n« «»t-  ■'15.711      miM     «M«  414.111 

■br.  cwv.  I  V4N          0419       »i,4J0  171.14 

Mlaf-pUu cwL  >.<a|           1,111         U(7I  11,449 

iatiraad  ban  or  lalla cart.  M.Nt            •.Ml        I0i;«7  tMSl 

•baal.  baad  aad  hoa^ on:  1.739           l,Mi         lOtoa*  Km 

***l«a ..„                         ri^W  !«,«• 

(W^«»a>M. ^ K»  «.■»         I1.M       tlt,»«  I9jm 

MoraiKaaApartaaf .„              ....        irj.«  UMM 

§laa»  WHtlaa.  lo»«aot>Ta..yo.  79                71       tJi,«M  UUMI 

■!■■■  ly"'.  waaoaary.    N-  m                «         tM«  tt,r9 
Ba4Mn  fcr  alMB-a^la- a,  »b«i 

aMMMaftMBlbaaaclaaab...  ....             ....        IIMI*  ]£•■■* 

Kra'i,iii»^^:v-."»v-  i..cr;s;«i  tmiis  *5Kui  *4im3 

•{15t-S2!SSSlt^ ^'"•~  *"*^ 

laM^haaMkaan*wtia..»a.  l*".*"*        •"  m        UJH  Hm 

!*■»»«'■ tM«7  »«ieii 

flMoaadaam ,  ...         tLiU  tumt 

Maakala.  pMota.  lUaa  mii  ^ 

-.•p««««n»»...... ...    miolw  M<aia 

MaaUaataraaofaMaL .^             ....        lium  ■5^491 

^■■k(«M<aadaakui ««t.  5.«g           KMr|         i^  «7.I09 

fc«2l»    V ■         ••."• ~.  ....        «»T.1«  M^ta 

iM. aad  aaaalbctaraa  af      ...  ....             ....       OUM  n.OM 

fc  jlBiT,  aad  waaafai  laria  of; 

•i»iwr  -J »•«»*  .  **«•"!      »«.■«     <i9j9i»  •  rnktrt 

araiiknia. »a.  ai.l;4,M    lM9ias    MHcm  M4t.4W 

«5.m  t«,M< 

-^ ....          ....       n,«a  Mw 

•» ....          ....      wi,Ta  i«t,ta 

It bUa.  M.WT           4U»         now  19.019 

Uaaao taaa.  •••               (0          %jm  CMS 

azpraaaly  far 

lUrbtoaadMo^: '"^  ?"•"■ 

u^S**^*""^**^ '"■"»  >••• 

UublaaadMoaaaaaafaciBm  U4.5M  l«.9n 

''  ••.••••.    .:■•—. iH.Tio  nt,m 

■  :..>tt(aJ,  pfeikaMpMaal  Md 

^J^JJjJJJ- IMM  Httl 

-                       IV  iodeuirtC  4c Mliii  ni.iai 

^^■if^    ,  .4.01  1I.0M 

I^^B     Ru*l>>uidtan>«BUaaL.....bMa.  'j-JM        tm.UM    1,1^419  t,94«.4ll 

I^^H    T>r»dplicb..  bbta.  M.9I*         Ti.ng       in.iOA  c«.Tri 

m^OUtaka »i,  3<7,uie,a«  tU,«MtO     t,l«,m 


. Quantities. , 

Commoditiea.  Ywr  ended  June  30, 

^..       ...  >874.  W74. 
Outs   Mineral,  cmde  (inclndlng 
all  nalaral  f  il>>,  witlioat  re- 

«a»d  to  graTity) gal«.  14,718,114  17,775,119 

HiQcrala,  rellnea  or  m'factured: 
Napblliu,  beuzinu,  tjasollne, 

„*« gala.  11,7«,0!I0  9  7S7.457 

lUaminatinK gala.  191.551,11*7  S17,ail,.V)l 

LabricatiuK  (hear;  paraSine. 

*<■■) gala.  1,173,473  1,««,305 

Rwiduam  (tar,  pitcli,  and  all 
other,  from  which  the 
light  bodUa  have  been  dla- 

.    .VlM) bbla.  101,891  43519 

Antnal:  Ijtrd pale,  146.594  S5i,577 

Neatsrool£oUietaBinui.eala.  1«,13«  17.090 

8p«m gala.  49l.l«)  6»»,9ai 

W  kale  and  other  lfh....gB>a.  895.907  573,775 

VeseUblv:  Cottoosawl    ..gala.  417.387  78i,067 

Lloaead gal*.  S»,S70  «»,047 

VolaUle,or  eaaaatial....  ....  ....* 

Ordnance  atorea: 

Oaanoa .... 

Qtnnon  and  gan  carriage*  ajid 

aoooatrement" .... 

Oanridfaaaadfiuaa.. ....  ..  . 

Gaupnwder  «>»,  t»,M  871.693 

8  oiandahell  Iii.  14,698  1,351,019 

Ore,  aigenilferua*  (or  ellver-bear- 

_l>>«) cwU  91,080  S8,m 

Painia  and  painter*' color* .... 

Palallng*  and  eBOTaring*. ...  .... 

nipcr  and  alatlooery .... 

PartUiaary 

Plalad  waraofallTerorolbermetal  ....  .... 

PitotlBg  pfcaaaa  and  t)rpe 

Prort»loB* ; 

Bacon  aad  ham* lb*.  150.180,980  847.405,405 

Baef Iba.  48,«4S,t51  86,08H,5>7 

Batter !>«.  .t,3tiO,S5S  4,3a;,»« 

Chceaa Bia.  101,0:0,558  W,»ll,0n 

Ooodcoaed  mlUt ....              

te*  .,. doa.  84,i:i  98,749 

Pffli.  dried  or  aauked cwt.  U9,79l  119,981 

ri*h,  freak 

Plah,  pleklad...    bbla.  5t,0(9  99,000 

flak,  oikar,  corad 

Latd. fta.  l«,8Sa,«U  IIB,5>7,471 

Maila,  prwarvaa ....              

Oratara 

ricklaa  ud  aaoeea ....              

Da.  (•,Ul.t4l  70,488,879 

bB*b.  41,8»)  44,105 

boak.  ia9,»ll  4»7,4!8 

Otkar  TeMtablae 

Yeg^ablaa,    pr*pand"or 'pra^ 

Qu'ek.l'r*r'."'.".'.".'.'.".'.'.".'.'.'.ib*;  900',6i9  801°,389 

■Ml :  Oottoa  aad  Uaaa .tta,  MMJ8  818,*77 

Woolaa Ii*.  138.590  44.0liO 

Rio* »«.  976,844  888,999 

■alt ba>h.  47,091  41,867 

Scalar  and  balaacaa 

■*«da:Oottoa '.'.'..  .'.'.'t>».  1,816^118  8,808,985 

riaxaewl  or  llBared buah.  48  196 

UMTer,  llBwithy,  garden,  and  aU 

otkar .... 

Bawlagjaarkiaea,  and  part*  t.f...  ....              

Baap :  Fa  l^iiiad,  and  all  toilet .. .  

OUar »a.  10^tM.S«  9,145.866 

■pi  mar  111 „ Ka.  110,«»  804,865 

■pirtia,  dlrtUM : 

fniatr'alB  gal*.  tl9,9Tr  1.898,800 

freaaolMaea gala.  414.584  451,117 

Itaaa  oIkar  BWterlal* gala.  911  90.5M 

•pMUofnipaallB* gala.  8J19.78«  8,784,178 

■HRk ft*.  T,»r7,atl  1,415,061 

WaMBBiidotkarlra  aaglBaa  aad 

■aar  aad  Balaaaaa : 

tfacar.  broara %*.  MMIt  lll,on 

■aar.  n«Md ftl.a,18M«  9,199.MII 

MoUnaa .n«l>.  Umjn  9,447,9U9 

Oaadi  aad  eoBfadloacor — 

I^Uow %t.  0^48l,6lg  101,755,681 

Tin,  aad  aaaafbctaraa of ....  .... 

Tobacco,  aad  aiaaabctnra*  of : 

L.'ar B*.«H,8ai,MI  (18,007.804 

CWt<n M.  (88  1,4» 

SbbO* »a.  n,894  15.716 

Otker  aaaafbctara* —  — 

TMBkaa»4  ratUn 

Daiki  allMi  paiaaol*  and  winthadaa  .... 

T«BM....r; gala.  88,4(7  68,808 

Vaaaala  aoM  lo  forelgaara : 

8al>la«  riaaii*".'.'.'.'.'  '.°.V.'.'  loa*.'  8,481  (8,936 

Tlaaor .l^ia.  18,840  15,848 

yalcBaa,  and  pan*  of —  .... 

Was .VT ft*.  8B8,4«  848.068 

Waartag  apaaral ...  .... 

WM*lMM>S ft*.  951.519  114.5.19 

wBCrS^Jir. gala.  4i,im  48,m 

Waod.  aad  aaaalhclaraa  of: 

Baarda,claaboarda,d«*li,plaaha,  _ 

Jol*t«.  *BdBcaaUlng..  M.  feet  118,874  (1S,«1 

Lathe,  paliag*.  picket*,  curtain 
aclcka,  broom- hasdiee  A  bed* 

rtaU M.  6.777  5,M« 

■htaci** M.  40,l>U  tt,31« 

Bosikaeka  

Otkar  ikaiik*.  aura*  *  head  nga 

BogakaadaAbarTelt.amptr.No.  101,819  170,848 

All  oIkar  lasber ....  ••■. 

Ptrawood corda.  1,978  9,191 

Bockkaapk  telegraph,  and  other 

Log*,  «<ut8^°  *p*n,  and  other 

wbola  timber .... 

Tlaibet,aairedAba«ed.cab.ft.  18,553,714  15,900,043 

All  other  limber 

Uoaaahald  f  omilura ....  ••.• 

Woodaa  ware ....  — 

All  otkar  aauafactoree  of  wooa  ....               

Wool,  aadaanafaetureaof:  . 

Wool,  raw  and  fleece ft*.  118.0M  819,600 

Carpet* T*».  (W  1.805 

Other  manniactare*  of.  ....  .... 

Zlac  and  Biaaafactiiraa  of : 

Oreoroaide cwt.  8.088  9,860 

rta(ea,(b«*t*,plg*arbat(.,»*,  88,g«0  4S,58« 


.  -Valuea. , 

Year  ended  June  30, 
1875.  1674. 


$1,405,018  $i,099,696 


1,13S,1M     l,a38,6^3 
37,0<IO,357    37,5li0.9U 

313,646        401,313 


190.103 

1H.S99 

147.301 

903.317 

lt.SIS 

17.«« 

817,014 

8J7,J91 

417,411 

»».7liO 

S16.6I0 

s;j,3« 

30.689 

9<,U9-.> 

917,576 

151, «30 

45.»« 

91,570 

7  869 

80.931 

735,983 

819,««i 

66,969 

75,546 

5,871 

93,305 

359,173 

415.613 

198,801 

117.M7 

930,168 

]«1,513 

740.«8!l 

6M,6W 

181,499 

408.551 

ll4,f«9 

55.197 

181,564 

loS,S39 

98  811,980 

38.183.908 

4,l97,t.56 

9,998,676 

1,506.791 

1.0M.381 

18,659,661 

11,899.9'J5 

133,505 

1»,0  8 

8,743 

5.989 

110,191 

811,589 

69.448 

58,974 

859.654 

198,041 

1,855.530 

1,118,908 

89,900,488 

19,308,019 

185.119 

848,946 

170.956 

9a,7]» 

18.860 

10,7M 

5,671.495 

M08,7I( 

51,989 

81057 

599.1*4 

471.881 

187,308 

109,681 

89.058 

48,896 

1,076,798 

580,591 

99,667 

14.4  <5 

18,858 

880 

19,806 

tl,075 

16,971 

14,701 

144,681 

159.807 

68,198 

6S,%57 

187 

900 

im.iM 

674.467 

1,1»7,<88 

1,I»4.996 

18,981 

S.480 

•nita 

(81.981 

61319 

18,(48 

69,119 

1R(.187 

910,160 

118.810 

«4 

1,-I,819 

1,1M.544 

(,1W,9M 

449,881 

490,800 

(1,904 

itjga 

(1,808 

16.171 

(.585,889 

1,041, KU 

1,135,9M 

'M9,9» 

41.089 

(0,5*3 

6,«99,90B 

(.135,880 

48,1(4 

81,9.8 

(5J«1,540 

80,889,181 

17,079 

94,478 

7.810 

7,009 

9,878.979 

t687,789 

118,«(6 

171,388 

486 

tts 

80,787 

(8,018 

lOOJOO 

14,000 

(7N999 

889,7110 

4,756 

8,199 

98,188 

9.470 

88.878 

113,8  0 

109,168 

497,(99 

9*1,165 

115,008 

50,908 

45,584 

8,(98,909     4,941,180 


99,535 
11)0,995 
47l,»t> 
5,939.3*9 
45*485 
918.984 
8,018 

99,889 

106,9*1 

«C858 

1,456,391 

835,777 

164,181 

9,979 

858,450 

l,OI8,S»i 

in,8oi 

9  851,848 
868,(75 

1,711.769 
843,815 

1,58(310 

(41,961 
'14tl,l60 

900,948 
l,»i9,761 

940  350 
1,639,060 

61.754 

747 

151,767 

T9,16» 

1,396 

198,108 

90350 

(0.03 
1,61) 

176 


THE   CHRONICLE. 


[August  21, 1876. 


Commodltiefl, 

All  articles  not  ennmerated: 
All  oiber  anuuuiufactarcd  art- 

Iclea 

All  other  manufactured  articles. 

SblpDed  in  cara  and  other  land 

veblclea 

Shipped  in  American  veasela 

tshipped  in  lorelKU  veeaela 


Quantltlea. , 

Year  ended  Jnue  30, 
1875.  1874. 


-Values.- 


Yenr  ended  June  30, 
1875.  1874. 


$751,035 
1,»70.574 


$558,184 
1.5U,834 


4.601,474      5,615,265 

145,06».36I  I68.998,8'0 

,  493.411,593  521,394,909 


Grand  total . 


.  C43,081,433  693,039,051 


RK-KZPOKT  or  rOBXION  SODDS. 

gtimmary  Statement,  froi^Monthly  Returns  rf  Collectors  qf  Customs,  qf  Foreign 
CommodiUee  Reported  jyom  t/u  United  States  during  the  year  ended  June  30, 
1876,  compared  with  the  correeponding  period  qf  1878-4  .■ 

. Quantities.— » Values. . 

Year  ended  June  30,    Year  ended  June  30, 


1875. 
29,6:0 


50.708 


26,283 


1874. 


66,373 


728.129 

24,069 

6,831,034 

433,041 

551,614 

3,505 

3,283,863 

877,610 

126.678 

12985 

1,380.154 

87,260 

94.869 

1,253 

704,989 

78,751 

2.742 
23,375 

40i825 
200 

751 
34,987 

68',908 
13 

66,728 
l!SC2 

'233 
35 

3,895 

11,576 

10.254 

133,620 

283,004 

l",i57 

358 

29,411 

97,321 

.... 

■.'.". 

3,696 

11.835 

5,413,736 

2,825,746 

25',66o 
1,396,934 
6,508,785 

72 

162,777 

2,181 

164 
178,163 
17,225 

3,039 

21,441 

800 

160,981 

9,653 
31,510 

8,118 
76,631 

Commodities. 
Free  of  Duty. 

Areola B>«. 

Bulks: 
Idedicinal— Peruvian,   callsaya, 

Lima,  Ac ..lbs. 

Uied  for  tanning 

Chemicals,  drugs',  dyes  and  medi- 
cines  

Chloride  of  lime  or  bleaching  pow- 
der   lbs. 

Cocoa,    crude,   and    leaves   and 

shellsof lbs. 

Cochineal lbs. 

Coffee lbs. 

Cotton,  raw lbs. 

Culch  or  catechu  and  terra- japon- 

ica  or  gambler  lbs. 

Dyewoods,  in  slicks cwt. 

Kggs  doz. 

Fieh,  not  of  American  fisheries : 

Fresh,  of  all  kinds lbs. 

Ht-rring,  pickled bbU. 

Mackirel,  pickled bbls. 

All  other 

Fur  tklns,  undressed 

Gold  and  silver: 

Gold  bullion 

Silver  bullion 

Gola  CO  n 

Silver  coin 

Guano  (except  from  bonded  isl'ds) 

tons  

Gums lbs. 

Hiiir,  unmanufactured lbs. 

Hides  and  SKins,  other  than  furs. . 

IlouBehuld    and  personal  effects, 

and  wearing  apparel,  old  and  in 

use,  of  perilous  arriving  from* 

foreign  countries ....  .... 

India  rubber    and    gutia  pcrcha, 

crude «>?.         733,131         606,398 

Indigo..  lbs.  16,925  54,647 

Madder,  not  Including  the  extract 

of... lbs.  3,489  13.820 

Oils: 
VegeUble,  flxedorexpr's'd.eals  92,935         495,678 

VoFiiile,  or  essential lbs.  ...  67 

Paintings,    statuary,    and     other 
works  of  art  of  American  artists  ....  .... 

Paptr  materials : 
Hags  of  cotton  or  linen  .   .  lbs.  2,300  .... 

Oiher  materials lbs.  2i),375  

sfllt  Va'w. '.'.".'.'..'.'..".'.'.'... '!...tt>V.  6,863  6,607 

Tea. lbs.  1,565,665  1,672,926 

Tin,  in  bars,  blocks  &  pigs. ..cwt.  5  140 

Wood,  unmanufactured ..  .  .... 

AU  other  articles — 

Total  free  of  du'y .  .. 

Dutiable. 

Animals,  living .... 

Beer,  ale,  poner,  and  other  malt 

liquors gals.  60,648 

Bouks.     pirophlet",     engravings, 

and  other  publications 

Brass,  and  manufactures  of 

Breadstuffs,  and  other  farinaceous 
lood: 

Barley huh. 

Barley  malt      bufh. 

Bread  and  biscuit lbs. 

Oats bush. 

Rice lbs. 

Kye bush. 

Wheat bush. 

Wheat  flour.... bbls. 

Meal  or  flour  made  from  oats, 
Indian  corn,  rye,  and  buck- 
wheat   -•-• 

Peas,  beans,  and  other  seeis  of 

leguminous  plants bush.         392,816 

All  other  farinaceouj  fnod,  and 
preparations  of,  includlg 
arrowroot,    peul,    or   huUea 

barley,  &c ..-• 

Bjlatles lbs.  5,071 

Buttons  of   all  kinds.  Including 
button  materials    partly  fitted 

for  buttons  exclusively '.-.. 

Chemicals,  drugs,  dyes  and  medi- 
cines  ■.■■■••,  •■■• 

Chlccory,  ground  or  prepared,  and 

root 11»-  S9,291 

Clothing  (except  when  of  silk  and 
except  hosiery,  &c.,)  of  cot- 
ton or  wool : 

Cut  and  sewed  together .... 

Articles  of  wear 

Coal,  bituminous ,  —  tons.  5 

Cocoa,  miiuufactnred,  not  includ- 
ing chocolate..  ..  B>fl.  ...,'  1,159 

CoDi'er  and  manufactures  of: 

<5re... cwt.  4,000 

Pig^,  bars,  Ingots,  old  and  other, 

unminufaciured lbs.  23,670         684,959 

Manufactures  of ....  .... 

Cordaje,  ropj  and  twine,  of  all 

kinds lbs. 

Cotton,  manufactures  of: 
Bleached  &  unbleached. .sq.yds.  2,696,345  3,605,641 
Prinled,painted,orcord.Bq.yd6.  4,317,483  4,874,867 
Hosiery,  «ltUt«  »ud  dr»iTetB , , , .  ,  ■  ■  ►  , . . , 


1875. 
$5,968 


15.120 
7,851 


1874. 


$14,754 
6,212 


258,549        139,909 
728 


Commodltlet. 


Qnantlties.- 


Year  ended  ilune  80, 


1875. 
415,418 


, Values. , 

Year  ended  June  80, 


43 


48 


Jeans.denlms.criirgs.&c.Bq.yds 

Other  maiufaci  urea  of 

Earthen,  stone  and  chinaware  ... 

Fancy  goods 

Fish,  not  of  American  fisheries: 

Herring bbls. 

Mackarel bbls. 

Sardines   and    anchovies,    pre- 
served in  oil,  or  otherwise... 

All  other 

Flax,  and  manufactures  of:* 

Raw tons. 

Miinufactures  of,  by  yard 

Other  manufactures  of ..... 

Fruits  of  all  kinds,  including  nuts 

Furs  aid  dressed  fur-skins 

Glass  and  Glassware : 
Cylinder,    crown    or    common 

window lbs. 

Cylinder    and    crown,     polish- 
ed   sq.  f t. 

Cast    polished  pl.te,    not    sil- 
vered  sq.ft. 

Cast  polished  plate,  sllv'd.sq.  ft. 

Other  manufactures  of 

Hair  (excepting  tbatof  ihe  alpaca, 
goat  and  other  like  animals)  ana 

manufactures  of: 
Human,  a'  d  manufactures  of.. 

Other,  and  manufactures  of 

Hemp,  and  manufactures  of  :t 

Raw tons. 

Other  manufactures  of 

Hides  and  skins,  other  than  fnrs.  

India   rubber   and    gutta-percha, 

manufactures  of 

Iron  and  steel,  and  manufactures  of: 

Pig-iron lbs.       910,835 

Castings lbs.        116,888 

Bar-iron lbs.        143,224 

Band,  hoop  and  scroll  iron.. lbs.         11,045 
R .  ilroad  bars  or  rails,of  iron.  lbs.   27,874,284 


1874. 
445,571 


4,271 
5,334 


25,470 
16 


414 


999 


7,104         38,308 


329,239 
19,21.9 

939 

62,319 


115 
400 

32',9i6 

714,153 

907 

173,313 

159,119 


357,744 
60,951 

1,398 

273,963 
153 

100 


520 

29,i'65 

b72,827 

4,1:M 

119,2i7 

169,873 


....    12,229,471    10,262,780 

21,145  29,861 

38,123         33,816         25,497 


17,472 

16,914 

2,511 

4,729 

63 

77 

2,008 

2,498 

245 

200 

53 

108 

265 

98 

12,3.'i2,330 

25,840,877 

342,894 

763,497 

227,402 

217,387 

193.159 

161,457 

280,297 

';!)3,821 

319,93.') 

1,013,519 

3,900 

46,112 

18,456 

270,955 

3,992 


38,814 


418 


615 


293,463        333,571        211,689 


35,147 
5,701 

65,788 
3,443 

5,603 

4,468 

267,423 

201,761 

1,304 

1,651 

23,420 

45,001 

110 

16,617 
60.200 
8,309 

20,818 

8,691 
79,133 


307 


108,123 
14,781 


Sheet-iron lbs. 

Old  and  scrap  iron tons. 

Hardware 

Anchors,  cables  and  chains  of  all 

kinds lbs. 

Macninery 

Muskets,  pistols,  rifles  &  sport- 
ing guns 

Steel    Ingots,   bars,   sheets  and 

wire 

Railr'ii  bars  or  rails,  of  steel, Ib^. 

Cutlery 

Files 

Saws  and  tools  

Other  manufactures  of  iron  and 

steel 

Jewelry,  and  all  manufactures  of 

gold  and  silver 

Jute  and  other  grasses,  and  manu- 
factures of  :t 

Raw tons. 

Manufactures  of.  by  yd.. eq.  yd. 

Gunny-cloth  and  Bunny-bags,  & 

maunf.  of,  used  for  bag'g.fts. 

Other  manufacl  ures  of 

Lead,  and  manufactures  of : 

Pigs,  bars,  and  old lbs. 

Manufactures  of 

Lea'her,  and  manufactures  of  : 

Leather  of  all  kinds    lbs. 

Gloves  of  kid,  a»d  all  other,  of 

Bkin|or  leather doz.  pairs. 

O. her  manufactures  of 

Marble  and  stone,  and  manufac- 
tures of -. . 

Metals,  metal  compositions,  and 

manufactures  of 

Musicol  instruments. 

Oils: 
Coal  and  other  mineral  oils.gals. 
Whale  and  fish,  not  of  Ameri- 
can flshenee.  gais. 

Olive,  salad gals. 

Olive,  not  salad . .  gals. 

Another  vegei able, fixed... gals. 

Volatile,  or  essential lbs. 

Opium,  and  extract  of lbs. 

Paintings,       chromo-lithographs, 

photographs,  and  statuary 

Paints: 

White  lead lbs. 

Red  lead  and  litharge lbs. 

Other  paints  &  painters'  colors. 
Paper,  and  manufactures  of: 

Prititing  paper lbs. 

Writing  paper 

Paper  hangings  and  other  paper 
Papier-macliu  and  other  manu- 
factures of  paper,    including 

parchment  

Perfumery  and  cosmetics , 

Potatoes. » bush. 

Precious  stones 

Provisions  (meats,  poultry,  lard, 
butter,  cheese.  &c.),  not  Includ- 
ing vegetables 

Salt lbs. 

Saltpetre  (nitrate  of  potash).. lbs. 

Seeds 

Silk,  manufactures  of: 

Dress  and  piece  goods ... 

Other  manufactures  of. 

Soda,  and  salts  of' 

Bicarbonate B>B. 

Carbonate,    including    aal-s  da 

and  soda-ash 0)  s. 

Caustic  sods lbs. 

Acetate,  sulphate,  phosphate,  & 

all  other  Baits  of  sods lbs. 

Spices  of  all  kinds;  also  ginirer, 
ground,  pepper  &  must^ird..lbs. 
Straw  and  palm-kaf,  and  manu- 
factures of 


93,634 
118 


160,200 


18,000 


72,168 


143 

287 


1,380 


1,142,400 

5,423 

1,!81,;«5 

H«,U8t 

15,537,966 

137,072 

sat 


50,9.39 


80,425 


1875. 
$69,618 
168,141 
17.339 
77,617 

146 


23.296 
83,433 

6,6.35 

75,319 

117,070 

278,182 

29,761 

862 


13,162 


3,206 

3,789 

156,024 
2,9(13 
1,379 


11,806 

401 

5,121 

367 

662,529 

5,691 

2,:'6» 

5,298 

4,836 
44,:^91 

53,049 

13,354 

4rO 

3,694 

1,651 

1,121 


307  1.59 

40 

884,531        1,501,323 


401,258         439,803         60,641  56,676 


208,393 

476,065 

36,913 


278,897 

549,164 

»1,«9 


283,730 


62,657 
2,987 


55,863 

39,346 
1.626 
6,785 

57,083 

5.005 

132,541 


32,961 
9,473 


16,727 


6,368 


6,804.786 
178,827 


82,782 

216,620 
472,804 

46,111 

1,231,789 


129,246 


183,110 


3,126 


676,294 

73  429 
2,423 
2.282 

45,620 

5,437 

127,407 


111,192 


1874. 
$81,916 
286,836 

18,^65 
107,029 

16,650 
29,429 

89,796 
35,803 

758 

5,571 

164.861 

299,813 

19,771 


3,358 


150 

164 

9,188 


21,277 
1,939 

213,741 
1,646 


4,418 

10,701 

292 

41,980 

3.163 

375,856 

8,6i>4 

9.675 

i;563 

S,15C 
59,840 


2,021 

5,4.16 

1,502 

77 


216,034        217,497 
21,510  39,802 


35,422 


23,901 
22,381 

13,926 


43,502 

16,698 
17,066 

3,428 

40,769 
5,332 


18,262 
10 

70,913 
33,842 


59,628 

17,922 
35,978 

1,928 

36,312 
5.894 


7,895        109,600 


31,196 
3,419 
1,892 
28,602 
15,5.34 
719,149 


5,610 


3,663,88 ) 
287.985 


67,120 

259,749 
298,350 


908,718 


11,236 
3,n54 
6,506 
35,836 
10,351 
939,553 

48,313 

2,.S38 

627 

6,060 

1,334 
646 

1558 


4,422 

8,677 

2.510 

185,231 


85.769 

17,679 

8,139 

20,491 

40,714 
232,373 

2,749 

2,535 
19,253 

1,351 

216,746 

70  328 


46,125 


4,634 

780 
6,356 


6,712 

6,022 

1  924 

102,932 


198,523 

12,9^ 

11,435 

42a 

1.941 
479,734 

2,038 

5,780 
13,283 


150,725 
65,944 


*  Including  brown  hollands,  burlaps,  canvas,  coatings  crash,  diaper,  duck, 
„jndkerchi.^?8,  huckabacks,  lawns,  paddings  and  all  like  manufactures  Ot 
which  flax  shall  be  the  material  of  chief  value. 

'    t  fis««p(  wtt<il«s  sp«via«a  la  tbe  noK  to  "  £'!<«  Aud  n«nalA«tw«s  oi." 


AogTwt  81»  1875.J 


THE   CHRONICLE. 


17; 


.— — QowtiUei. . 

Teu  eaded  Jue  SO, 


BMWB  Mlftt 


. ValOM. > 

Tear  ended  Jaoa  ao. 
1875.  1874. 


$708,000 
43.9M 
312,443 


CandT  (Bd  cODreetiooerr. . .  ft*. 

Solphor,  Kilned ewL 

Tin  sad  nuuinf acton*  of  : 

In  Blaiaa ewt. 

OtJ>«r  mannfactnm  or 

Tobarco  and  mannlkctaRS  of: 

Laaf ft*. 

Clcara ft*. 

Otber  manofactnr**  of 

Wat<  brs  >Dd  watch  moTemanta 

•Bd  mateiial* 

Winee,  •pirits  aDd  cordial*: 

8pirlu  and  eordlal*  In  eaab, 
proof cal*. 

telriu  and  oord'U  la  bottl«>.da. 

wlaalac**k* ml*. 

Wloa  la  kotllaa .dox. 

Wood  and  Banafaetar-a  of : 

OablBet  wart,  ka«*a  fnrnltara 
tn*  all  naaafaetar**  of  woud 

Board*.  d«al*.  plaiik*,  Jolit* 
•Bd  •cantllnr M  f*el. 

SUnska M. 

Tlnbcr,  aawad  or  hewed,  wholly 
orlapart 

Other  lambflT 

Waal,  ahcep'*.  aad   hair  of  the 

alpaca,  (oat.  aad  other  like  aal- 

mal*.  and  naaafhctaras  of : 

Unaaaaafactared ft*. 


maaKD, 
ft*. 


740.9a 
480 
130 

4,7M 


STO.tlS 

iio.ig> 


90. «( 

S.«N 
B4,9a( 

r.iM 


M.tOS 
887 


6,188,880 
•84 


7,680 


84,168 


80,181 
•,908 
74,S«I 
8,444 


8A.T1I 
MIT 


83,»1 

as 

SH 

I7.S48 
8,800 

880,146 

888,188 

11,MS 

188 


877,406 


815 

S88JB1 

W^888 

•.018 

5,806 


7B.4M  tt4.1» 

S»,00»  88.«M 

48,800  48.118 

88,880  84,871 


88,881 

888.880 
884 


84,T75 

808,100 
8.883 


88.888        U8.000 
80,888         81,886 


ulT^ocka 


8.J«T.88r      8316457 


84.SI8 


801,811 


iq-  T*» 

I (q.  yd* 

B  *i«rT.  abirt*  and  drawara. , . 

Oihor  laaaaf actare*  *r 

Zlac,  epeMar.  or   tateaac.  aad 


5,m 

9«i.ga* 


488,*I7 


8S.nT 

7.817 

»J«1 

186.771 

8.486 

lOtJOl 


1.898.486 

nt 

18.057 

6,086 

6.188 

186,86) 


173,188 


Hotfraoi 

supped  la  ava  aad  other  lead 

Sblpaad  la  Aaarteaa  tcmcI*. .... 
•hipped  la  fa*al«a 


a8J74.no  a8.780J8B 

81T81I8I  I188&788 

IMM.386  16^*11,540 

Wt6,M8  8,888.840 

II  <M.0.7  8.4«.*M 

ik441,<7l  18,481^88 


CaUft  fflonetaro  and  (Sommercial  if  ngligti  Stww 


■  A  €814  or  ««OMAI«OB  AT  l.«lf»«N,  AI8»  0!«  bomMH 
AT  I.ATBST  BATBa. 


■XCBANOB  AT  LONDOH- 

Auaror  t. 


Aatwerp.. 
Baa  hart.. 

Pari* 

ParU 

TIeana.... 
Barlla..... 
rraakfort 
at.  PetetabraiB 
OhdU.... 
Ueboa.  , 
KlUn ... 


5aolee.... 
New  rorfe . 
RIodaJaaab* 

■ahia 

BaaaoaAjrrw.. 

fatpanlae... 

nraaahaea. 


Bhar.. 


11.18 
thai  88.45 

MM 


1M6 
881SI 


SbmbSm. 


8I.8II44 


J  too 

ISO 
X«6 
k.JO 

111.43 

i.ao 


"X 


8>«triL 


'ik 


a*,  llh'd^ 
8».8*d. 

u.'iikd- 


noBAiioi  OR  unrooB. 


**«^ 


*^*^ 


is 


■»  A 

U, 


Mr  88. 

Ai«''«. 


Mdaja. 


8aoa. 


11.86 
85  M 

80.81 


111.48 
88.41 
80.41 
88JK 


8T» 


U.  lOMd. 
U.  8  IVlOd. 
4a.  Id. 
8*.tl(d. 


fnt 


any  degree  of  freedom.  The  banks  and  discount  houses  are 
eyidently  making  but  small  profito,  and  it  seems  to  be  pretty  oer  - 
tain  that  unless  the  autumn  trade  shows  more  satisfactory  results 
the  dividends  for  the  current  half  year  will  be  small.  Trade  is 
Btill  kept  in  check  by  the  indisposition  of  capitalists  to  lend,  and 
any  improTement  can  scarcely  be  expected  so  long  as  this  condi- 
tion of  affairs  exists.  In  every  department  of  commerce  great 
eaation  continues  to  be  observed ;  but  this  is  the  natural  result  of 
the  recent  failures,  and  of  the  reckless  method  in  which  large 
Arms  have  of  late  been  conducting  their  business. 

The  poaiiion  of  the  Bank  of  England  is  still  a  very  strong  one, 
the  proportion  of  reserve  to  liabilities  being  nearly  51  per  cent, 
showing  no  material  alteration  from  last  week.  As  usual  at  this 
period  of  the  year,  there  is  an  increase  ol  £744,785  in  the  note 
circulation,  while  that  in  the  supply  of  bullion  is  only  £58,433, 
being  much  smaller  than  had  been  anticipated.  The  boliday  sea 
■on  haa  now  fairly  commenced,  and  as  Parliament  will  bp 
prorogued  iu  a  few  days,  the  efflux  of  Londoners  will  teonalar^e 
scale,  and  the  notes  and  coin  in  circulation  will  be  largely  increas- 
ed. That  of  notes  is  already  very  heavy,  viz.,  £39,345,574,  which 
iaeonsiderably  in  excess  of  former  years.  The  supply  of  bullion, 
however,  is  very  large,  vii.,  £39,687,111,  against  £31,539,939;  while 
thereaerveof  notes  and  coin  amounts  to  £14,740,141,  against 
£9,306,074.  Considering  how  slack  ia  our  trade,  and  how  severe 
are  the  drawbacks  to  a  revival  of  legitimate  enterprise,  it  is  obvi- 
ous tl<at  the  aupply  of  gold  is  ample.  Th«  export  demand  ia  very 
trifling.  There  is  a  small  inquiry  for  Holland  in  connection  with 
the  coinage;  but  apart  from  this,  there  are  scarcely  any  demands 
npon  us,  and  consequently,  the  bulk  of  our  importations  is 
reuioed  here.  Our  imports,  however,  will  now  be  on  a  smaller 
sea'e,  as  not  much  gold  or  silver  is  due  from  New  York  during 
the  next  fortnight.  The  large  purchases  of  wheat  at  a  hijzber 
price  have  evidently  tended  to  correct  the  exchanges ;  al:bough  i 
does  not  seera  probable  that  a  higher  range  of  prices  in  the  wheat 
trade  will  be  established,  nnlesa  wa  should  have  a  return  of  un- 
•ettled  weather. 

The  demand  for  money  throughout  the  week  has  been  very 
moderate,  and  the  rates  of  discount  are  easv  as  follows : 


Baak  lau 

irales: 

aa4  88d.iy*'blll(. 
hUls 


Per  cent. 

8X 


8    MH 
8   tint 


Percent. 

4  montb*' bank  bill* 8V08X 

8  month*'  baak  bill* *K9*Ti 

4  and  8  bobUm'  trade  bill*.  i\9»i 


The  rate*  of  interest  allowed  by  the  Joint-atock  banko  and  dis. 
eooot  bouaea  for  deposits  are  as  follows : 

Per  eoDt. 

Jolat-eloefc haaks IXA-... 

Meeeaathoaaee  at  call ilia.  .. 

Dtoeoaat  hoaae* with 7  dar*' notle* ixa  ... 

Waeoaat  hoaaee  with  1 4  day*'  aoHc*. . . y  IXO.... 

AaiMxad  is  a  statement  showing  the  present  position  of  the  Bank 
of  Baglaad,  the  Bank  rate  of  diaoount,  the  price  ol  Consols, 
the  averaca  quotation  for  English  wheat,  the  price  of   Middling 


Vhom  on  own  sotnapoalent-l 

Unraoa,  Batnrdar.  Aog.  7,  IHTO. 
TbeSDpply  efMOMjOMklngaaMploTatBtooDtlonea  very  large 
but  the  dlrvctera  of  lb*  Bank  of  ^ifl-iiill  have  made  no  farther 
cbMg*  la  thair  ralM  of  disoouat.  No  alteration  wa*  expected, 
•ad  poikapa  H  may  bo  eoosidered  donbtful  If  the  Bank  authoritiea 
p*reeive  the  expcdieocy  of  lowering  their  terma  to  2  per  cent. 
The  tendency  ia  Barerthelree,  in  that  direction,  money  being 
obtaioabla  00  Brat-da*  bills  in  the  open  market  at  2^2^  per  cent, 
Aa  long  aa  tba  ptawat  sUte  of  credit  la  unimproved,  there  will  of 
eovraa  ba  ma«b  aompMitioo  for  eboiaa  paper,  and  it  will  be  uken 
•8  low  rataa.  Saaoad-eiaai  billa  aia  difflealt  to  negotiate,  and  It 
will  proUbly  be  aoma  time  befora  eoaOdeaee  la  safllciently  reator- 
ad  to  ladaeo  (ha  kaaka  and  diwxmat  koaaaa  to  dlaeouat  them  with 


dpi  aad  eotlon,  of  No.  40 
aad  the  Bankers'  Clearing 
fonr  prarlooa  years  : 

un. 

CTrfaianoa,  lacladlaf      £ 

baak  poet  bUl* S6.tn.e0t 

PahUcdepodU 4.10I.46T 

OUerdepoelU 88.818.004 

«)ovaraa«al**canU**.  :4.4S8J88 

Otaarasearttle* 16.181466 

■aaarva  of  aote*  and 

cola 14.808,481 

Oola    aad  balllon  Ic 
.  both  departaeau....  86,081466 

Baak-rat* 8p.  c 

Ooaeol* 

BnglUkwheat W*.  Od. 

Mld.nplaBdeoltoa  ..  8Md. 
Bo.40  Bale  rara  fair  8d 


Mula    yam    fait    second    qualii] , 
House  return,  compared  with  the 


1878. 

1818. 

1874. 

1875. 

» 

£ 

£ 

e 

87.0ia.SI9 

*I,085.7a6 

87.708.9:7 

19.845.574 

7.IW.676 

6.467,561 

8,848.840 

8,5T4.749 

81.978.408 

1T,«».401 

1AS08.847 

85.161  8M 

18^687.010 

l8,aR7.n5 

11688,480 

18.887.90a 

S4J«I,888 

16,880,598 

17,600,980 

18.481.650 

11.808,447 

11.986.907 

9,808.074 

14,740,111 

83.180.488 

88.619.147 

8I.5S8.930 

88.067,111 

Vfir*- 

'*6h'- 

4  B.C. 

An. 

98*.  Sd. 

68*.  9d. 

88*   «d. 

51«.  Od. 

9Xd. 

«x«>. 

SMd. 

7  l-16d. 

la.  8d.    1*.  IMd.      1*.  oyd. 


IM. 


OearlnvHonae  retnm.  79,«;S,000  llA*80,aOO  134.935.000  186,088.000  114.0^1,000 
n*  rates  of  money  at  the  leading  citiea  abroad  are  as  follows  : 

Bank  Open 

rata,  market 
per  eeat.  per  cent. 

Pari* 4       SkOM 

ABStartaai «f     8M 

(taabani 4V 

Berlin 6         4K 

Prankfort 4        4 

Vlenn**BdTrl**te..  .       4J(     404X 
Madrid.  CadU  and  Bar- 

celona 6        808 

',l*bonaadOpnrto..  .       4        4 
SuPelarabnrt 8X      i9iX 


Bank     Open 
rate,  market 
per  cent,  per  cent 

Braa**!* 8  3 

Tarin.  Ilorence    and 

Borne 8  *H 

Brrmea SH       IM 

Ulpslg 8  4X 

Genoa* 6  4W 

Oanera »H 'HWH 

Wew  York txS*H 

CalrotU 6W 


CopenbageD . 


5X^ 


Considerable  supplies  ol  gold  have  been  sent  into  tho  Bank 
during  the  week  from  foreign  and  colonial  sources,  and  the  only 
foreign  demand  of  importance  has  been  for  Holland,  and  even  this 
has  been  to  a  small  extent.  As  regards  silver,  the  market  ban  been 
firm.  The  supplies  offering  have  been  small,  and  there  being  a 
good  demand  for  India,  rather  higher  prices  hare  been  3btained 
Annexed  are  the  qnotattona : 


:j8 


THE   CHRONICLE. 


[August  21.  1876. 


QOiiS.  s.    d.       e.  d. 

BirGold per  oz.  standard .    77    9    ®  ... 

BaiOold.flne per  os.  gtandard.   77    9    Q 

Bar  Gold,  ruttnable p«roz.  Btandard.    77  11    @ 

Spanish  Dtiiibloona per  oe &  .... 

South  American  Duttblooua pcroz ®  .... 

United  States  Gold  O"'"  per  02.    76    SX®  •;.. 

BILTBR.  8.     d.  t.     d. 

Bar  silver.  Fine per  oz.  standard.  4    8        &  .... 

Bar  Silver.  coniAlnlng  5  era.  Oold.    per  07.     do        4    6  7  163  

Mexican  Dollars peroz Sn  

SpanUh  Dollars  (Caroms) ,per  oz.  none  hero       ....    ^  .... 

Five  Franc  Pieces peroz.        ...     ®    ... 

The  periodical  gale  of  bills  on  Ijdia  was  held  at  the  Bank  of 
England  on  Wednesday.  The  amount  allotted  was  £050,000,  of 
which  £459,100  was  to  Calcutta  and£190,900  to  Bombay.  Tenders 
on  holh  Presidencies  at  119s.  916d.  received  about  54  per  cent,  and 
above  that  quotation  in  full.  That  result  shows  an  increased 
demand  for  the  means  of  remittance  to  the  E  ist. 

The  London  and  County  Bank  held  its  half  yearly  meeting  on 
Thursday.  This  institution  suffered  heavily  from  Collies'  failure, 
and  the  directors  were  only  able  to  declare  a  dividend  at  the  rate 
of  16  per  cent  per  annum,  which  is  '2  per  cent  less  than  has  been 
paid  during  the  last  ten  years.  Though  smaller,  however,  it  is  a 
very  satisfactory  distribution,  and  shows  that  banking  is  attended 
with  large  profits.  It  follows,  therefore,  that  if  large  profits  are 
made,  risks  must  be  incurred,  and  perhaps  the  directors  and 
shareholders  in  the  existing  joint-stock  banks  are  to  be  congratu- 
lated that  they  have  received  large  profits  for  several  years  past, 
and  that  the  losses  sustained  do  not  in  the  aggregate  form  a  very 
heavy  total. 

Business  in  the  stock  markets  has  been  interrupted  during 
the  week  by  the  holidays,  the  Stock  Exchange  having  been  closed 
on  Monday,  owing  to  the  Bank  Holiday,  and  to-day  for  repairs. 
Besides  which.numerous  members  of  the  house.and  a  considerable 
section  of  the  general  public  are  leaving  town  for  the  sea-coast- 
and  CO  great  an  amount  of  activity  is  anticipated  until  the  middle 
of  September.  The  tone  of  business  in  the  stock  markets  has  been 
rather  dull.  British  railway  shares  have  experienced  a  relapse 
from  the  late  high  prices,  and  foreign  stocks,  and  especially  Peru- 
vian, have  been  depressed.  A  statement  is  in  circulation  that 
the  guano  existing  in  Peru  is  greatly  over-estimated,  and  that 
investors  do  not  possess  the  security  which  they  have  been  assured 
is  more  than  ample  to  cover  the  bonds.  This  is,  however,  an  old 
story,  and  persons  who  are  not  ho'ders  of  the  bonds  are  inclined 
to  accept  the  statement,  more  especially  as  the  Peruvian  Govern 
ment  is  remarkably  reticent  on  the  subject.  United  States  Gov- 
ernment securities  are  scarcely  so  firm,  and  American  railroad 
bonds  have  been  rather  dull.  The  closing  prices  of  Consols  and 
the  principal  American  securities  yesterday  and  on  Saturday  last, 
were  aa  follows : 

Redm.      Aug.   6. 

Console. ,.  943i@  94X 

United  States,  68 1381    109    ailO 

Do       5-aOyears,68 188-3      ....&.... 

Do       68  1834  Sh 

Do       68 1885 

„       Do       68 1885 

V.  a.  1867,$371,346,350  iss.  to  Feb.  87,'69,  68. . . .  1887 

Do       58 1874 

Do  funded,  58 1881 

Do  10-40,58 1904 

Louisiana,  old,  68 

Do        new,  68 ......'., 

Do        levee,  8a 

Do  do    88 ..1875 

Do  do    68 

MaeBachu8Ctt8,  58 1888 

Do  58 1894 

Do  58 1900 

Maesaclmsetts,  58 .'  1889 

Do  58 1891 

Do  58 1891 


107>f@108 
106  @I07 
108K@108M 


101 
106 


©104^ 
©107 


Do 


@3S 
&  35 

@102 

@ioa 
aioj 

@U2 
®10i 

_.    @  35 

New  fnndei  68 1905     52X®  63X 


AMERICAN  DOLLAB  BONDS  AND  SHARES. 


80 
14 


45 

Si 


@  Si 
@  16 

•@  en 
@  47 


Atlantic  &  Great  Western  Ist  M.,  $1,000,  7s.  ..190-3 
Do  2d  mort.,  $1,000,  "S..1902 

Do  3d  mort.,  $1,000 1902 

Atlantic  7^is8i8?ippi  &  Ohio,  Con.  mort.,  78 1905 

Baltimore  &  Potomac  (Main  line)  Ist  mort,  68.1911 
do  (Tunnel)  1st  raortgHge,  68, 

(guar,  by  Penne.vlvaiiia  &No.  Cent.Railway).19il 

Central  of  New  .lersey.  cons.  mort..  78 1899 

Central  Pacific  of  California,  1st  mort.,  6s 1896 

Do  California  &  Oregon  Dly.,  1st 

mortgage  gold  bonds,  (is 1893 

Detroit  &  Milwaukee  1st  mortgage,  7s !  1875 

Do  Sd  mortgage,  83 1875 

Brie  $100  shares 

Do  preference,  78 ^1'.'.'." 

Do  conveitihle  gold  bonds,  78 !!!.1904 

Galyeston  &  Harrisburg,  let  mortgage,  68 19)1      «., 

Illinois  Cenlral,  $100  shares SB    @  88 

Lehith  Valle>,  consolidated  mortgage,  68 1923     88iia  8!)Ji 

Marietta  *  Cincinnati  Railway,  "8 1891        -'"'=—'' 

Missouri  Kansas  &,  Texas,  Ut  mort.,  guar,  gold 

bonds,  English,  78 1904 

New  York  Boston  &  Montreal,  78!iii!!!i.!."l90i) 
Hew  York  Central  &  Hudson  River  mortg.  bonds 

New  York  Central  $100  shares " 

Oregon  &  California,  Ist  mort,  78  ..!..!!!  ....1890 
do       Frankfort  •  ommit'e  Receipts,' i"  coup. 


July  31. 

94Ji@  91Ji 
109    @110 

....@  .... 

....@  .... 
107.!tf@I08 
lOB    @107 
108>i@109 

....@  .... 
104Ji(ai(M3i 
:06    @107 


..®  ... 

..@  .. 
©85 
&  35 
@10-2 
®102 
©103 
©102 
©102 
©10-2 
@  35 
©  53 

@  32 
©  16 

©    7 
@  47 


as    ©85 
96.,V@  «7>i- 
91    ©  98 

84  ©  86 
35  @  45 

85  @  45 
12K@  13« 
24  ©  26 
38  ©  40 
65  ©  75 


®  97 
©46 


25 
25 

100 
100 
100 
100 
100 
100 
32 
52 

30 

11 

6 

45 

84 

83 
IW 
91 


©85 
©  97 
@  93 


84  &  86 

.85  ©  45 

35  ©  45 
13X©  13=!i 

25  ©  37 

40  ©  42 

65  ©  75 

69  ©  91 

88  ©  89 

97  ©100 


©46 


105)4@1C6X 
98    ©  94 
26    ®  28 

Pennsylvania,  $50  shares 47    a  48 

Do.  let  mort.,  6s '.i'.JSSO      ...©.... 


105  ,©108 
91  @  93 
26  ©  28 
21  ©  26 
47    ©  48 


*Ei  6  coupons,  Janaary,  1872,  to  July,  1874,  inclusive. 


Philadelphia  &  Reading  $50  shares 
PUtBburg  Fort  Wayne  &  Chicizo 

bonds  (guar,  by  Petinsylvaniu  Co.).  _. 
Dnion  Pacillc  Laud  Grant  1st  mort.,  78, 
Union  Pacillc  Railway,  Ist  mort;iage,  Cs. 


Kedm. 


Aug.  6. 
SO    ©  51 


.1889 
.1898 


100 
90 
90 


©102 
@  92 
©92 


Joly  81. 
SO    ©  51 

93  ©100 
90  ©  flS 
S3>4@  89X 


Do. 

do. 

Do 

do. 

Do. 

do. 

Do. 

do. 

AXXRICAN  ITBBUNS  BONDS. 

Allegheny  Valley,  guar,  by  Penn.  R'y  Co 1910 

Atlautlc  i&  Gt.  Western  cousol.  mort,  BiscboC 

certs,  (a),  78 1890 

Atlantic  &  Gt.  W.,  re-organization  PCrlp,  Is..  .1874 

leased  lines  rental  traat,  78.1902 

do.  1878,78.1903 

Western  extcn.,  8« 1876 

do.  78,  guar,  by  Erie  R'y. 

Baltimore  &  Ohio,  6s 1K95 

Do  63 1902 

Do.  6s 1910 

Burlington  Cedar  Rapids  &  Minnesota,  78 1903 

Cairo  *  Vincennes,  78 1909 

Chicago  &  Alt<in  slerllrg  consol.  mort,  6e 1903 

Chicago  *  Paducah  1st  mort.  gold  bonds,  7s... 1908 

Cleveland,  Coiumbua.  Cin.  &  liid.  con.  mort 

Easteru  Railway  or  Massachusetts,  6s  1893 

Erie  convertible  bonds,  68  ...    Is75 

Do.  cons.  mort.  for  conv.  of  esisting  bond8,78. 19-20 

Do.  second  mort,  7s  ...1894 

Gilman  Clinton  &  SpringSeld  1st  mort.gold,7e. .  1900 

Illinois  &  St  Louis  Bridge  1st  mort.  7a 1900 

Do.  do.  2dmort.,  7s. , 55 

Illinois  Central,  sinking  fund,  58 ; 1903 

Do.  do  6s 1895 

niinois  Missouri  &  Tesas  let  mort  7b 18J1 

Lehigh  Valley  consol.  njort.  "A,"  68 101 

Louisville  &  Nashville,  68 19.i2      87 

Memphis*  Ohio  Ist  mort  78  1901      9S 

Milwaukee  &  St  Paul,  1st  mort  7s .1902     80 

New  York  &  Canada  R'way.  guar,  by  the  Dela- 
ware &  Hudson  Canal  scrip,  lis 1904    ino    ©102 

N.  Y.  Central  &  Hudson  Itiv.  mort.  bonds,  6b..  1903    10ij>i©107J<i 

Northern  Central  R'way,  consol,  mort,  6b 19G4      83    ©89 

Panama  general  mortgage,  7s 1897      99    ©101 

Paris  &  Decatur 1893      74    ©78 

Pennsylvania  general  mort.  6s 1910    103X@104)^ 

Do.  consol.  sink'g  fund  mort  6s 1905      96    ©97 

Perkiomen  con.  mort.  (June  '73)  guar,  by  Phil. 

^Reading,  68 1913 

Phil,  &  Erie  1st  mort  (guar,  by  Per.u.RR.)6s..l881 
Do.         with  option  to  be  paid  in  Phil.,  68 


5 

©    7 

©     . 

43 

©  48 

20 

©  24 

US 

©  32 

30 

©  40 

107 

©103 

101 

©108 

106 

©107 

.it    .. 

48 

©52 

101 

©102 

82 

©85 

82 

©81 

1(11 

©lO-J 

70 

©  74 

69 

&  71 

34 

©36 

7S 

©  80 

89 

©  91 

55 

©  60 

94 

©  95 

105 

©106 

106 


Phil.  &  Erie  gen.  mort(guar.  by  Penn.  RR.)68.19'30 

Phil.  &  Reading  general  consol.  mort  6s 1911 

Do.  imp.  mort,  63  1897 

Do.  gen.  mort,  1874,  scrip,  6'B 97 

South  <fc  North  Alabama  bonds,  68 - 86 

St.  Louis  Tunnel  Ist  mort.  (guar,  by  tlie  Illinois 

&  St  Louis  Bridge  Co.)  9» I8S8      60 

Union  Pacific Riilway,  Omaha  Bridge,  8a 1896     97 

United  New  Jersey  Railway  and  Canal,  6s 1894    106 

Do.  do.  do.  do.  6s 1901    106 


89M3  90 Jj      89    ©  90 


5  a    7 

...  ©  .... 

40  ©  4S 

20  ©  24 

28  ©  30 

.30  ©  40 

107  ©108 

107  ©108 

106  ©107 

....©  .... 

48  ©  52 

100  ©101 

82  ©  85 

82  ©  81 

100X©l01J)f 

70  ©  74 

70  ©  72 

35  @37 

75  O  80 

65  ©  90 

55  ©  60 

91  ©  95 

105  ©106 


101  ©102 

90  ©  92 

98  ©100 
89  ©  86 

100    ©102 

ic6xai'07« 

IS    ©  89 

99  ©101 
74    ©  78 

103X©HM)j 
96    ©  97 

©  91  94  ©  96 

©102  99  ©101 

©101  99  ©101 

©  87  85  ©  87 

©las  106  ©108 

10l>i@10-2.5f  101>i@I0SX 

""    ©  93  97  @  98 

©  88  86  ©  88 

©  70  60    ©  70 

©  99  97    @  99 

©107  10.i>!f@106X 

©107  105>4@106X 


©103 
©  89 


©  85 


95 
100 


Business  in  the  wheat  trade  has  been  far  from  active,  but  as 
there  is  reason  to  believe  that  the  crop  in  this  country,  and  in 
Europe  generally,  in  fact,  will  be  below  an  averagfe,  a  firm  tone 
has  prevailed  and  in  some  in.-itances  ratlier  higher  prices  have 
been  obtained.  The  crops  are  now  approaching  maturity.  Tlie 
weather  has  been  dry  during  the  past  fortnight,  but  the  night 
temperature  has  been  remarkably  low  for  the  time  of  year.  The 
average  price  of  English  wheat  is  now  51s.,  against  593.  8d.  per 
quarter  last  year. 

The  following  figures  sho^v  the  imports  anci  exports  of  cereal 
produce  into  and  from  the  United  Kingdom  since  harvest,  viz., 
from  September  1  to  the  close  of  last  week,  compared  with  the 
corresponding  period  in  the  three  previous  years  : 


Wheat cwt.  38,2,'<7.3!)5 

Barley 12,415,4S6 

Oats 9,8-37,136 

Peas 1. 754,169 

Beans 2,7-3.3.960 

Indian  Com , 15,101,370 

Flonr 6,U2,'i38 


IMPOSTS. 

1874-5.  1873-4. 

89,630.140 
8.292,707 
9.867,570 
1,369,099 
3,475.296 

16,767,204 
6,118,354 


Wheat cwt.       206,167 


Barley. 

Oats 

Peas 

Beans 

Indian  Corn . 
Flonr 


187,4.iO 
78,(<48 
18,622 
3,657 
46,481 
56.792 


3,326,120 
2.33.624 

128,017 

11,569 

2.653 

140.966 

23.3,328 


1872-3. 
42,036,863 
12,711,809 
11,614,570 

1.860,604 

2,404,890 
19.7I5,(;42 

6,213,612 


650,855 
2.1,810 
20,.i26 
7,5il 
2,633 
47,007 
32.731 


1871-2. 
36,5?5,62l 
11.641,072 
10.15.5.787 

1.013,841 

3.10.5.400 
19,34b.49J 

3,086,540 


2,202,745 
16,412 
106.592 
10,156 
3.060 
29.787 
82.536 


Ensllob   Marlcel   Keporta— Per  Cable, 

Thedaily  closing  quotations  in  the  markets  of  London  and  Liver- 
pool for  I  he  past  week  have  been  reported  by  cable,  as  shown  in 
the  following  summary : 

London  Money  and  Stock  Market. — American  securities  close 
steady  at  annexed  quotations. 

The  bullion  in  the  Bank  of  England  has  increased  £498,000 

during  the  week. 

Sat  Mon.  Toes.     Wed.  Thur.        Fri. 

Conaolsfor  money 95  9o  95  1-16    94  13-16  94  9-16    94  11-lS 

"       account 95              95}^  95>i  91%  14  9-16    94  13-16 

0. 8.68(5-208,)  1865,  old. 1U7>4'  107  Ji  107  107  106)<         1()6X 

1867 lOHX  108>i  JOiH  10S«  ICS'i       108 X  '     '' 

0.8.  10-408 104X  1C5  Its  105  104>i        lOiii 

NewBs 105X  105%  105«  105«  105           105X 

Tbs    qiiotations    for    United    States   8s   (1803)   at   Frankfort 
were: 
U.  8.  68 (5-208)  1862 lOOK         ■•.•        WOfi 

Liverpool  Cotton  Markit. — See  special  report  of  cotton. 

Liverpool  Breadglu^^  4farfe<.— Prices  in  this  market  are  lower- 


August  2l,  UlS] 


THE   CHRONICl.Eu 


179 


BAi.  Moa. 

_•                                             ».  d  «.    d. 

nMr(WMiara) VbbI  M    0  V.    0 

WkMI(B«d  Wn.  •pt).«ctl  10    3  10    3 

*•      •Radtrintcrr...    "    11    t  11    « 

"    Jpy.  White  elab)  "    11    8  n    >. 

CanCW.  niU*d>  V qasrtw  M    t  31    i 

Pi— tri—dhii).  .9  omrter  *t   0  44    o 


Is 

it    0 

It  « 

31    •> 
M   0 


W«d. 
■.  d. 

ts    0 

1»  0 
It  0 
11    6 

n  a 

44    0 


Thar. 
•.  d. 
«»   0 

10  0 

11  0 
II  6 
$3  S 
4(    • 


Ftl. 

B.  d. 
V>  0 
10    0 

10  10 

11  6 
33  3 
43    0 


Littrpool  Prvtition*  Market.— Lax^  ud  cheaaa  hare  decUned 
daring  the  week. 

8«t.       Hon 

1.  d. 

BMf  (■•••)  aew  V  tea H   0 

Pork  (mcM)  now*  bb<...  M  0 
Bacon  (loog  d.  uifd.)V  cwt  51  0 
Urd  (Amarteaii)  ...  >*  «  • 
OknaafAmer'a  due)    ■■        HO 


».  .1 

«5  .1 

t'l  0 

M  .) 

SI  s 

U  0 


Taaa. 

(.  d. 

n  0 

aci  0 

u  0 

n  0 

M  • 


Wed. 
•.  d. 

as  0 

80  0 

M  0 

to  0 

M  • 


Thar. 
■.  d. 
U   0 

80  0 
N  0 
60  0 
5S    0 


LUwpttl   Product  Marktt.—  Wtnitnm,   Ullow  and 
torpeDtioe  are  bigUer,  while  couiui  >a  roaiu  is  3J.  lower. 

M 


Frl. 
a.  d. 

«S  0 
W  0 
M    0 

59    « 

a  « 

spirit  a 


..  Vcwt. 


Baalar 

"     iJaa) "       U 

PatfotaaMtretaod). . . .  V  za! 

{•piilU).....     " 
TailowCAaarleaB)...*  cwt.  O 
ChmrMadfAoi.  red)..    '*    *: 
SplrlU  torpenHnc •*     a 

Lf^don   Product   and 


Ml. 

s.  d. 

b    3 


0 
9 
8 
3 
0 
< 

Oil 


41     1 

S7    0 
«t     ri 


Tax. 

•.  d. 

i    3 
IS   0 

> 

8 

4f  a 

n  0 
n  0 


Wad.  Tsar. 

•  .  d.  •.   d. 

SO  5    0 

18    0  .18    0 

»  » 

48    i  41    8 

(TO  >T    0 

88  0  no 


Pri. 
a.  d. 

s    0 

18   0 

*>i 

9 
43    » 

ST    0 
88    0 


y/arktU. — CompAred    with    last 

Friday's  prioM,  thrre  are  the   followiag  ehaogvs  :  An  adraooe 

of  £3  is  sperm  oil  and  a  decline  of  i'.d.  la  linseed  oil. 

■•I.        Mod.       TuaSb       Wad.       Tbar.        Prt. 
X   •   d.  £   •.  d.    £   (.  4.     M  :  t.  B  :  i.  t  *.  i. 
UBa'dC'kc(obl).VtclO  15    0  10  :s    O    lu  :S    •    lO  15    O    lO  is    O    10  is    O 
UaaaadtCaJcatia)....      SI    8       51    «        51   8        51    8        SI    8        51    8 
■Mai(2la.  11  D'(  h  ltd) 

•■syot.Vcwl 84    8         :<    «       81   •         81    8         81    8         It    6 

■aafoll «taa.»l    08f«0t>9i88  8IS0»«8«M0U 

WkidsoU "8«08S«00  3IS88l0esi    008400 

Uaaaa4oa....Vcwt      M*         1(9       818         SI    8         81    8         848 


(f ommcrcial  nub  inisccUaufous  Xcujg. 


iMPOan  AND  BXPOMTS  PUK  TUB  WsBK.— The  tmporu  thia 
week  show  an  increase  In  both  dry  fooda  and  seofral  mer- 
etiaodlan.  Tha  total  imporu  amount  to  $8343,037  (his  week, 
airalnMf4.74ii.293  la«l  weak,  and  $5ja08.7W  the  prerious  weak. 
Tba  exporu  are  $4,740490  this  weak,  Affainat  $.').217,(;'>1  last 
wrek  and  f4.33.7,W  the  preaious  weak.  Tlia  eiporia  of  cotton, 
tl  a  paM  weak  were  0,010  balea.  agalaat  Ml  bales  last  weak, 
Tkaioilowiaffarathe Imports  at  .Saw  Tork  lor  week  eouiDv  (for 
iry  (ooda)  Aog.  It.  and  tor  tbe  weak  eadlag  (lor  K«naral  mar 
cbABdJsat  Aair.  13 : 

I  a«  saw  T0a«  taa  «■>  ' 

trs.  MO. 

MliatSI        t8.8M4l8        ^ 

timnt  H»8,8 


M.nil4«S 


flH,a8.m 


Oaasfal 

Total  foe  lAa  weak.. 
ftstlsasly  r*i>«tla4....    uaM.xy.t 

■MS  Jan.  I |tR,i88.sit    _.. . . , 

In  o«r  report  otthadry  irooda  trade  will  ba  found  tbe  I 

drr  goods  lor  one  week  later. 

The  followioff  la  a aiataieat  ot  tba  asp«rts(exelBSlve 

from  tbe  port  of  .Hew  York  to  lorel(B  porta,  for  tka  wa< 

AnjfUDt  17 : 

aaioaia  vaaa  urw  raas  sao  raa  waaa. 

Fertkawaak t<,*:«.ii5       MjatklM        IVIS^VU 

IHSj - 


|4,08l.1«l 


•IUMl.ni 

sTiIata,8ti 

mportsof 

of  speala) 
•kasdlnc 


t4.T4*JSi 


riealoaslrrapotlad....      IMLStaiiri      l1Ut8J8(        ISl.lK.rt       1W,4»JW 

Masa^aa.! tinpH.m    t\T»jm,\H     I1M.8II.IM     tUM».1S8 

Tba  followinK  will  shew  tba  azperu  of  speala  from  tka  port  ol 
New  York  (or  tbe  weak  aodinir  Aqk.  14.  1875.  and  sine*  tba 
bn/iDDioir  nf  the /ear,  with  a  eompariaoa  tor  tbe  corresponding 
data  in  praatona  raara: 

Aas.  *-Drlrmaair« PartoOSMls, 

*■«  If-J«f-  £;•?«• U»«Tioat M.aar  bara.' 

Aag.  U-4Nr.  ■ukala „UTW|><ioi. 

Hanbaif.. 

Loodoo... 


Aaa.  lS-«tr.  ■asTk.., 


A^.  t4-«lr.  Odar 

Air.  14-Su.  CUj  ef  Ckaa(«. 

AB«.t«-aw. 

Tsial  1st  tba  weak... 


Part* 


,.t.oi>dao 
.U 


Mlvarl 
AaMfter 
ailnrl 

miTarlan. 

OoMc'la..  .. 
Mraleaa  ailaar... 

Mlaasaa^... ... 

'  Mkafs 

aariariL.... 

..W'Tvbaa. 

OaMkar-. 

Aaparkaai. 

, Mum  kara^. 

i«aar„ 


..JM' 


wn 


Total  riaca  Jaaaary  t.  un 

I    BasM  time  la— 

■  •■• >a«a •aaa^^V.Vll  .Id'    \    I^^V    •■*■■■•     99^  ■» 
■•aaaaaaa.a.     l^>4^.Ji"    [    1M$.      ..»a»»nma*n» 

IS! «8.»BDlll  llwi 

fSS, Mjr-.  "t  ,  1888 

un. 4i.wi.li".  I 

Tba  imports  of 
baaaaalollowa: 


|«>.«1P,I8T 


81.088^131 

ai  lUis  port  dnrtng  tha  past  week  bara 


Aaf  »-r-  w  A   f  Pattanaa...  Porto  Caballo      •-•■-'n.. 
A"*'"^  „V.pinwaU,..  n., 

Aait-lo  .    r5awTr*.U«Taaa a.'. 

AaK.lS-M|rA.y.tW>WM...U|rBayta....  in". 

ABf.  l8-«ilr.  Oeoisla. lliTsaa doid eola.'.'. 


f^ 


It 

IIH 

S0.WO 


■\ug.  n— Sir.  CttTof  Mexico  ..  Vera  Crux Gold  coin... 

Aoi!.  U-3tr.  Andes SavaatUa Gold  coin... 

Total  for  tha  week  

PrcTionalT  rcDortad ...'.'.'. fk .'. .', 


$IC.30O 
601 

$100,413 
8.031, 1S7 


Total  alnce  .fan.  1  1875 tMSLSTO 


Same  time  In— 
JSJJ »3.:40.451 

'£2 itiei.Tss 

!E* «.8t9.689 

1811 7,415,807 


Same  time  In— 

1870... »7.S2S,4«0 

1*19 9.B-J4.S31 

fXtS 4,836.8W 

1887 1,743.560 

.NATIONAli  Tb8\suby. — Tue  tollowiog  forms  present  a  Bum- 
niary  ot  curtain  weekly  iraauctions  at  the  Xational  Treasury. 

1.— Securities  held  by  the  U.  8.  Treasurer  in  trust  for  National 
Baaksand  balancr.  in  the  Treasury: 


Com  cer- 
^Bal.  In  Treasnry.-.    tlflcatee 


Coin. 
91.303,15) 
91.5SI,6'i3 
8.3,9*',«>l 
8t,'.0d,''>SI 
77.0IS4I6 
S9.84S.678 

8>,8I)B.5« 
8S.8SO,017 
86,»«,t37 

7l.9,'i.i4*ll 
70,7I6,*J7 


OurrencT. 
3.5UI,li!l 
3,8V>.600 
S,4M,7m 

4.I.W,SI5 
3,8ll,iHt 

liMO.'^in 

2,0;6.40S 
1,130,758 

«,7'r:.8ii 

3,l»l.3>0 


outBt'd'e. 
2l)..'>4»  (,0u 
»l.l  11.800 

i'.),7;i.e(x) 

l»,i»''.3()0 

i9.,<ai.ioo 

18.489.700 

11.67^,866 
13.309.400 
11,681,800 

11,857',V00 
19,740,?00 


Week  Por  For  U.S. 

sndlac   OircaUtion.  Deooaits.       Total. 

May  15..  »;9,:w.900  16,017,100   885,118.100 

MayU..  87a.l86.<«)0  15,%7,»)0    S»j,l54.t00 

JanaS..  37M»I,900  15,»17,iOO  881.898,100 

JonelA.  378.17<i,4O0  l&,!»4i,100    184,110,600 

Jane  19..  sni,8M>,IOO  15.Sai.M0    in,75S.800 

June  36.  876.5^.600  15,817.100    a81.<eM00 

la  7  \  .  115.7^,000  I5,79*,»0    891.587.100 

loty  10..  n5,.«».000  15,791,100    881,185,100 

Juir  17..  87^197.36*  J5  79J.2J0    180,988  561 

Jotyl4..  174,758.361  18,191,2<10    m,5«5,58S 

July  31..  814.891.361  18.7iM.100    888.184.581 

Aui;.  7..  374,».»7,K«1  I8,-.1«,100    888.710  061 

Au^.   H.  871,917.761  18,791,«W    1B8,;0».»U8 

3- — National  bank  currency  in  ctrcalatlon  ;  tractional  currency 
reeeired  from  the  Currency  Bureau  by  U.  8.  Treasurer,  and  dis- 
tributed weekly  ;al8o  the  amount  of  lei;al  tenders  distributed: 

Weak  Notea  In  .—Fractional  Currency ,  Leg.  Ten  . 

■adinc  OlreolatloD.    Kecelved.   Diatribntcd.  DiaUib'd. 

S»7l5 350,490,189 

■»y«l 850,nitS19 

JaaaS SSO.tSO.tTS 

■Jonell  S49.1S7.SS8 

Jon«W S4a,nt,«>4 

•J"."" S4B.4M,S» 

■fulyS S4B,18B.SnS 

■J"'/  10 848,738.184 

J"  r  IT       851.818.784 

J«ly  14 850in4.488 

Jul/ 81 8M.aaMU 

Aa«.T fc 849.887.889 

Aar  14 818,108.088 

Inaporia  of  iaeadins  Artlelea. 

Tbe  following  table,  compil<^  from  Ciiatoiu  House  retnrna 
abows  the  foreiga  imports  of  leadinff  articles  at  this  port  since 
Jan.  1, 1875,  and  for  tbe  same  period  of  1874  : 

(Tha  qvaatlty  la  Kiraa  la  paekagea  when  not  otberwiae  spadasd.] 


701.100 

1.590.  WS 

741,000 

8,808.880 

105.100         ' 

s,9w.in 

8«S.300 

1,918.848 

8»>,900 

8.118,878 

8M.908 

3.161.591 

1.8'0.(iOO 



1,968,870 

1.00«.010 

8.(I«0,0(IO 

1.689,361 

l,86t.«iS 

Since 
Jaa.l.'T^ 


OUaa,  Glass  and 
lartiMoarara- 

Cklaa 

Kartbaairara.  . 

Glaaa.    

Olaaaarare 

Glaaa  Plata 

■altoa* 


Oa«0B.lSSaa.". 
I>nura.  A«— 
Back,  Paraalas- 


,  Arabic.. 

ladlM 

■atfte... 
Olla,  aaaaatlal 

OU,Ollaa , 

«>piaai 

■adaTbUarb.. 


Sodaaah.... 

Plax 

Para 

Oaaar  doth. 

Hair 

Uamp,  betas., 

■Maa,dni 
ladlarabbat 
Irory  .... 
iawplrr.  M 

Jewelry  . 


lit 
Moll 


thnaim 


8.870 
81.816 
188,898 
18,»l 
8,«> 
4.8W 

v.m 

1,083.98: 


18.108 

K).N8 

8.» 

88^ 

7. 

1.SI4 

2.:94 


18,«8 

sun 

6,< 
5,571 
1,418 
8,018 
8l.tOS 

I.IUS 

4.111 

8M!8 

1.808 

i.un 

«8T 
878.084 
89.118 


7.888 

81.585 

886^819 

9t.«0 

8.788 

4,811 


«T.4S6 
8.41> 

St.OM 


8.<» 
S.MS 

71b 

18.791 

Ml- 

31.M* 

89.8;  8 

81,151 

«.f7S 

4,416 

816 

8.7t» 

1«.4» 

I.' 
8^887 

84,881 

UK 

1,878 

881 

4S6,1« 
88,636 


Helala,  ic— 

Cntlery 

Hardwaie 

Iron,  KB.  bars.. 


Since 
Jan-LIS. 


Lead,  piKf 


Spoiler, 

steel  

Tlu,  bolea 

TlD>Uba,lba... 

Race ^ 

Saiar.  bbda,  tea.  A  ' 

Bbla. 

Sacar,  bxa  A  baca. 

Tea  

Tobacco 

Waste. 

Winea,  Ac— 

Obaaipacne,  bks. 

WInaa" 

Wool,  balea 

Artiel«nrsr(«d*|f 

safaa- 

Clgkrs ~.  . 

Oorka 

Fancy  goods 

Plah.... 

Pmlts,  *c.— 

Lemona 

Ormocea 

Nnu  

Ralaina 

BIdaa.  ondreaaed. 
Klca. 


Spicaa,  Ac— 

XSasala 

Olngar 

Pepper , 

Saltpetia 

Woods- 

Oorfc 

Pnatic 

Logwood  ... 

Mahogany . . , 


1,756 
1.999 
19.966 
69,011 
6(8.611 
68,688 
651.811 
4,T45,«80 
88.18: 

471.161 

1.161.0CI 

M8,51» 

86,ai5 

1,321 

68,475 
111,511 
84,179 


Same 
time  1874 


|1078.«9« 
54,(164 

ain,ir7i 

143,451 

478,519 
1,166,701 

8lr.«15 

716.181 
7,044.481 

(44,930 

liaTio 

61,381 
819.746 
116.747 

118,501 
51.384 

197,677 
78,686 


1,876 

1,930 

196.514 

187,797 

1,5<I0,410 

71,146 

641,610 

7,3S5.0«S 

81,«5C 

BU.8I1 
878.088 
'•61,151 

61,0tl 
1,748 

75,188 
114.094 
80,685 


11419014 

Sl.CCt 

640.419 

iii.su 

900,790 
I,19l>,897 

640,198 
1.093,166 
8,486.341 

848,981 

71,160 
TO.OU 
408.bi'°3 
151,919 

158,160 
15,914 

116,146 
71.814 


BimiNfi  IND  riNANCIAL. 


■AIUtOAS  BONDS.- Wbslhar  yoa  wUb  to  BTTT  or  HBl.r<,  write  to 

HA8BLKB  A  CO.,  Ito.  1  Wall  street.  IT.  T. 

IfrOC'KS 
I>f«lt  In  at  tha  New  Tork  Stodc  Bxrhange  bnogbt  and  sold  by  ns  on  margin  of 
.«p«..nL  PRIVItROES 

Xegollated  at  one  to  two  per  rent  from  nurkct  on  members  of  the  New  Tork 
Kichamrr  or  rerponalble  parties.  Larice  louia  hare  been  tealixed  thepaai  80 
days.    Pat  or  call  coata  on  100  absrea 

8106  18 
Straddica  flV)  rach,  control  100  ebaresof  atock:  fnr  30  daya  wllhnnt  further 
rl>k  while  manj  thoiiaaid  d'lllara  profit  m>  Tbe  gained.     Advice  ami  Informa- 
lliiii'  rum'>b<'<1.    Pamphlet,  conuln'iig  Talmble  auti^ttcal  Inrornuiluu  aud 
•buwing  bow  Wall  ilreet  operalioQi  are  oindncted  aent 

PREK 
To  say  addraaa.    Order*  gollelted  by  mall  or  wire  and  promptly  executed  by 
OIL    Address, 

^  TUVBSISaB  A  CO..  Banker*  and  Broker*. 

;No.  1  Wall  lUect  N, 


«  f 


180 


THE   CHRONICLE 


f  August  11,  1S76. 


®l)e    fiaukcra'    ®a?ittc. 

NATIONAI.  B.tNKS  OROA.NIZ8D. 

The  United  States  Comptroller  ot  the  Currency  furnishes  the 
following  statement  of  National  Banks  orgfanized  the  past   week : 

%,S93— National  Bank  of  Slatlngton,  Pennsylvania.  Authorized  capital. 
(30.000  ;  paid-in  capital,  |84,000.  Peter  Gross,  President ;  William  U. 
ulsb,  Casnler,    Authorized  to  commence  biulneas  August  II,  I87S. 

DIVIDBNDtl. 

The  foIlowlnK  DlTldends  hare  recentir  been  announced : 


CoKPaHT. 


Rallrnmd*. 

Chicago  &  Alton,  pref .  and  com. 
Chicago  Bnrlln»ton  A  Qilncy... 


Pan 

C«KT. 


Wbik 
P'ablb. 


tiOOKS  ULOSSD, 

(Days  ItcloslTe.) 


On  these  bonds  there  has  been  paid  Interest  six  per  cent, 

gold,  for  eleven  years ; $6,800,000 

And  the  Secretary  of  the  Treasury  now  proposes  to  pay 

In  gold  the  principal 10,000.000—16,800,000 

leaving  tiie  handsome  proUt  on  gold  of  tIJ,7CO,000  to  the  bondholders. 

The  United  States  in  war  times  borrowed  at  the  best  rate  she 
could,  and  now  pays  in  gold  according  to  agreement.  There  is  a 
close  connection  between  this  fact  and  the  circumstance  that 
Europe  is  now  taking  our  new  five  per  cents  at  par  in  gold  as  fast 
as  they  can  be  furnished,  and  that  there  13  an  excellent  prospect 
of  selling  our  next  bonds  at  4J  per  cent. 

When  gold  was  at  385  the  State  of  Massachusetts  stood  up  to 
the  rack  and  paid  gold  interest.  Her  late  issue  of  5  per  cent  gold 
bonds  was  sold  4.ug.  13  at  a  fraction  over  109. 

Closing  prices  daily  have  been  as  follows  : 


*      Sept   liAag.  »  toSept.  1 
5       Bept  isl  .      .. 


Fridat,  Auenst  80.  1875—6  P.  M. 

TUe  IQoney  market  mud  Financial   Mtnatlon. There 

was  a  little  flurry  in  London  this  week  over  the  Eastern  question, 
which  caused  a  decline  in  Turkish  stocks  and  in  some  of  the 
other  foreign  government  stocks  which  are  sold  in  that  market, 
and  are  decidedly  among  the  "  fancies."  There  was  a  slight  falling 
pfT  in  English  Consols  and  in  U.  S.  bonds,  with  a  subsequent 
recovery  in  both. 

Money  on  call  is  without  perceptible  change  in  this  market,  and 
H  'o  3  per  cent,  is  about  the  range  for  all  good  borrowers.  In 
commercial  paper  business  has  been  dull,  and  rates  have  a 
hardening  tendency  with  the  approach  of  the  first  of  September. 
Prime  paper  is  quoted  at  4^  to  5^  per  cent,  with  some  transactions 
below  4i  on  paper  which  is  exceptionally  choice. 

The  statement  of  the  assets  and  liabilities  of  Duncan,  Sherman 
&  Co.,  filed  this  week  by  the  assignee,  differs  somewhat  from  the 
first  statement  published.  The  total  assets  are  put  at  $2,119,368 
and  liabiliiies  at  $4,910,013,  the  former  being  about  43  per  cent. 
A  circular  issued  by  Mr.  W.  Butler  Duncan  proposes  to  give 
creditors,  in  coosideration  of  the  discharge  of  the  firm  from  their 
present  obligations,  his  notes  for  33  13  per  cent  of  their  claims, 
the  notes  to  be  dated  July  27  and  payable  as  follows  :  for  8  13 
per  cent  Nov.  27,  1875 ;  for  5  per  cent  May  27,  1876;  for  5  percent 
Nov.  27,  1876  ;  for  5  per  cent  May  27,  1877;  and  for  the  balance  ol 
10  per  cent  Nov.  27,  1877.  Mr.  Duncan  further  saya  in  his  circular: 
■'  Notwithstanding  this  legal  discharge,  should  the  realization  from 
the  assets  exceed  the  sum  which  I  now  propose  by  way  of  compo- 
pition,  I  undertake  to  see  that  the  excess  shall  be  distributed  to 
creditors  pro  rata." 

The  assets  are  to  be  managed  by  Mr.  Duncin  under  supervision 
of  R.  L.  Kennedy,  Esq.,  and  Geo.  W.  Duer,  Esq. 

On  Thursday  the  Bank  of  England  showed  a  gain  for  the 
week  of  £497,000  in  bullion,  and  left  its  discount  rate  unchanged 
at  2  per  cent.  Tlie  Bank  of  France  gained  6,073,003  franca  in 
specie. 

The  last   weekly   statement   of   the  New  York  City  Clearing 
House  Bank.i,  issued  Aug.  14,  showed  a  decrease  of  $4,910,000  in  ■ 
the   excess   above   their  25    per  cent,  legal  reserve,  the  whole  of  I 
such  excess  being  |22,1GO,000,  against  f  27,070,000,  the  previous 
week. 

The  following  table  shows  the  changes  from  the  previous  week 
and  a  comparison  with  1874  and  1873 : 

• : 1875. .  1874.  1873. 

Aug.  7.         Aug.  14.      Differences.       Aug.  15.         Auc.  16 
Loans  anddls.  $830,434,300  J283,541.90C  Inc.   J3,107,600  t87!),a5n,Jiin  »292  614  000 

Specie 1H,.33I,400      1.3.442,1(10  Dec.     2,892,300      S2,.3.')2,000      87  6)4  100 

Circulation....  18.581. RflO  18.418.700  Dec.  109,100  85,809,100  87  2S2'7n0 
Netdeposlts..  SB1,462,«00  24S,(p3J,200  Dec.  3,489.600  831,915  309  834 "857  300 
Letral  tenders.  73.601.310  70.786.200  Dec.  i.8T5.100  66.:7S.100  47i54o!l00 
United  States  Honda— Government  bonds  have  been  lower 
this  week,  particularly  on  the  five-twenties  of  1865.  This  was 
chiefly  in  consequence  of  the  decline  in  London,  where  United 
Slates  bonds  were  lower,  in  common  with  other  government 
loans,  includins;  Euglish  consols.  Tti"  sales  of  new  five-tirenties 
of  1865  were  especially  free  by  the  foreign  bankers  here,  as  it 
appears  that  in  London  they  had  obtained  the  idea  that  this 
issue  would  be  called  in  by  Secretary  Bristow  before  tlie  18653  old, 
which  were  .'irst  negotiated.  We  have  seen  an  oflicial  letter  from' 
Secretary  Bristow,  under  date  of  .iuly  27,  stating  positively  that 
the  United  States  five-tweuty  bonds  "  will  be  called  in  for 
redemption  in  the  order  of  their  issue,"  and  as  the  "  1865a  old  " 
were  actually  issue  I  before  the  18G53  new  there  seems  no  reason 
to  doubt  that  they  will  l)e  first  called.  As  a  matter  of  fact,  how- 
ever, the  new  issue,  with  interest  payable  Jinuary  and  July,  are 
dated  July,  1865,  while  the  old,  with  interest  May  and  November, 
are  dated  November,  1865.  Both  issues  are  under  the  same  act," 
and  we  understand  that  after  the  May  and  November  issue  had 
been  sold  the  Treasury  wished  to  change  the  interest  period  on 
the  balance  of  bonds  to  Januar.v  and  July,  and  in  making  this 
change  antedated  them  July,  1865,  instead  of  making  them 
January  !,  1666. 

As  to  the  payment  in  gold  of  the  1864  bonds,  a  correspondent 
in  the  Times  gives  the  following: 

These  bonds  wore  put  upon  the  market  In  July,  1864,  when  Ihe  average  rate 
of  gold  was  257  per  cent,  and  were  sold  at  par  In  greenbacks  (or  even  less  than 
par,  deducting  commissions.  &c.) 
The  account  appears  as  follows ; 
$10,000,000  five-twenty  bonds  sold  a>  par  In  greenbacks,  with  gold 
at  257  per  cent,  brought,  In  gold,  about 13900000 


«i,lS81 reg.. 

»s,1881 coup.. 

6s.  5-20'8, 1864 reg. 

68,  5-20's,  1864 coup. 

6s,  5-80'8, 1865 leg. 

6b,  5-2fl'8, 1865... T. coup. 
6b,  5-20"b,  1865,  n.  1.,  reg. 
6s,  5-20'8,1865n.l.,conp.. 

«s,  5-20's,  1867 reg. 

6s,  5-20's,  1867.... coup. 

8b,  5-20' s,  1868 rep. 

6b,  5-80'8,  1868 coup. 

5s, 10  40'e reg. 

5b,  10-40's coup. 

5b,  funded,  1881 reg. 

5s,  funded,  1881,  ..coop. 
69, Currency reg. 


Int.  period. 

Jan.  A  July. 

Jan.  cb  July. 

.May  A  Nov. 

.May  &  Nov. 

.  May  A  Nov. 

May  &  Nov. 

■  Jan.  &  July. 

Jan.  A  July. 

.Jan.  &  July. 

Jan.  &  July. 
.Jan.  &  July. 
.Jan.  &  July, 

Mar.  &Sept. 

.Mar.  &  Sept. 

..Quarterly. 

..Quarterly. 
.Jan.  A  July. 


Aug. 

Aug. 

Aug. 

Aug. 

Ang. 

14. 

16. 

17. 

IH. 

19. 

120X 

•141V 

•121V 

120V 

181 

mn 

•-.■na 

♦121K 

•121  « 

laiv 

•116 

116 

•ii;>v 

115V 

116V 

•116 

116 

•115V 

•115V 

116 

•119 

!18« 

•118V 

•118V 

•119 

•118V 

118V 

118  V 

•118V 

•119K 

•119 

119 

•118V 

I18S 

llSif 

119 

IICV 

IISV 

•1I8V 

•iSOJi 

•120  >, 

•ISI'Ji 

•180V 

•mv 

m% 

I80H 

12(l« 

120V 

•121 3< 

•121  W 

•181 

•I2ll5i 

•181 

iai>i 

121 H 

•121 

•<.20V 

•181 

•114X 

•1U« 

•114V 

114V 

114V 

•118X 

11B« 

•118 

•118 

118V 

llSJi 

llBJi 

116 

116V 

116V 

•116Ji 

lloX 

•116V 

•116V, 

116V 

•128  Ji 

'Uiy, 

'i-na 

•m\ 

•123 

Aug. 
20. 

!20V 
•!21V 
•116J< 
•115V 
•118V 
•USV 
•I18X 
•118V 
•120« 

•M)i 
•IJl 
•181 
•114V 

tl8V 

116V 

m% 

128 


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

The  range  in  prices  since  Jan.  1,  and  the  amount  of  each  class 
of  bonds  outstanding  Aug.  1,  1875,  were  as  follows: 

. — Range  since  Jan.  1. — .   . — Amount 
,     .„„.  liowesi.         Highest       Registered. 

'".loSl reg. .118     Jan.     B  122^  May  261193,365,850 

S".l881 coup..  ;i8V  Jan.     8U6VJu"el7  

6b,  5-20's,  1862 coup     114VJan.    2  118V  Apr.  13  «6.650 

6s,  5-20'8,  1364 coup..  115V  Aug.    8  121      Apr.  27      86,303.400 

6s,  5-20'6,  ISfiS coup..  117>i  July  24  122V  June  18     33,792.000 

6b,5-20's,  1865,  new,coup..  117V  Jan.     8  124V  June  17      58.269,400 

6s,  5-20'e,  1867 coup..  118V  Jan.    9  li5>4  June  85      88.fi9(i,150 

«6,  5-20'8, 1668 coup..  118     Jan.     9  i25V  June  18      !4.4ai,.5C0 

58,10-40's reg..  lI3>^Mch.    5  118V  June  18    141,614,650 

5B,10-40's coup..  113V  Mch.   4II»>sJune    7  

5B,  funded.  1881. ...coup..  113V  Jan.     8  119     June  iS    805.M1,550 
«s. Currency reg..  117V  Jan.     4  124%  Apr.  24     64,683.512 


Ang.  1. — 
Coupon. 

89.  .370, 500 
49.823,560 
38.689,400 
118,742..3.')C 
144.393,700 
881.9^6  6(0 
83,052.5(0 

6a.95V,6B0 
213.464,900 


Closing  prices  of  securities  in  London  have  been  as  follows : 


U.  8.  6s,  S-80's,  1866,  old  . . 

U.  8. 68,  5-20's,  1887 

n.  8.5s,  10-40'B  

>lew59 


Aug.  I  Ang.     Aug, 
6.  13.        80, 


:07V  I  107V 

108V  I  103X 

lOrtitf  X104V 

104V  I  lO.'iV 


106V 
1118V 
104M 
105V 


Since  Jan.  1,  1875.  — .* 

Lowest.      I     Highest. 


1C5V  Apr.  221  108V  Apr.    9 

lOfiX  June  18j  109V  May     5 

102V  Feb.  13]  107     Ang.  13 

108      Apr.  13;  lOSXAu^.  16 


State  and  Railroad  Bonda.— Iq  Southern  State  bonds  Virgin- 
ias have  been  the  strongest,  and  advanced  sharply  over  last 
week  on  a  home  demand.  Tennessees  are  atill  strong,  and  some 
prominent  parties  are  credited  with  being  large  purchaserc.  Much 
confidence  is  expressed  in  the  Louisiana  fa.nding  bonds  by  some 
parties  from  that  State. 

Railroad  bonds  have»  only  been  moderately  active  in  the 
absence  of  a  large  number  of  investors  and  moneyed  men  at  the 
Summer  resorts.  Prices  are  well  kept  up  and  the  best  bonds,  as  a 
rule,  are  most  in  demand.  The  Northwest  gold  bonds  declined  to 
87J  but  to-day  sold  up  again  to  88^. 

Daily  closing  prices  of  a  few  leading  bonds,  and  the  range 
since  Jan.  1,  have  been  as  follows: 


Aug.    Aug.  &ug. 
11.        IS.        17. 
esTenn.,  news...    "51      'SIV     52V 

6«N.C»r.,old ... 

Is  N.  Car.,  new...    'in       MO  '10 

«» Vlrg.,  consoUd    •e.l       'es  'SSJi 

do         'M  series.   NSX    ''47X  "47* 

688.C.,J.  t  J "i»% 

(B  Mo.  long  bonds  '101 V  'loix  'lOiH 


Aug.  Ang. 
!8.        19. 
•bin    '58 


Ang. 


'10 

•47X 
«23 
101 V    101 H  < 


•10 
•6> 

•IIV 


•10 

'65X 

•4a 
"ii 
101 X 


N.Y.  C.&H.  I3t7a  "116K  '1I6X  'I'.'iH  'liev  'IHV  •U6i< 
c  Pfti.    irf\\A  fifl  'n-jv     iiw.v    in>4^    ifiQ       iia       \m\j 


C.  Pac,,gold6a...    :OiX 

Un  Pac.  i»t6s...  'Win 

do      L'dOr'l78    •^ti 

d->        8,F.  88..      9tiX 

KrteUt  M.7B "103 

H.  J.Cen.lst  7s..  'lOSS 
ft  Wayne  lit  7s.    '112 
Boc<r«l<lUt78...  "lOSV 
C.  ft  N.W,  gold  7s      88V 


lOiV  10.' V 
lOiX  102;< 
99  V  9S» 
96.^  96K 
'1(13      'lOlH 

•:09H  •;09H 

112V  'lis 

'109       111) 

88V      87V 


103 

ma 

99V 
•9'iV 
103X' 


102V 
•99X 
»6V 
103^ 


110  ■  •mix 
...  iiav 


103V 
102X 
99  « 
96X 

lot 

llOH 


-Since  Jan  1 — » 

Highest. 
S5X.lan.  5 
29  Jan.  IB 
16  Jan.  7 
»ix  Apr.  S 
45  June  7 
3.1  Jan.  87 
:03M  June  83 
tl7K  May  17 
106^  June  28 
\ifi%  June  80 
lOOS  Mch.  " 
96X  Aug.  20 
10;>,  May  9 
115  Apr.  0 
114  JuneSS 
lliV  June  < 
8SK  Aug.   4 


Lowest 
44  Jan.  27 
30  Mch.  2' 
11  June  12 
59)<  Jxn.  '^6 
36  Mch.  %i 
SO  Mch.  211 
94^  Jan.  14 
111%  Jan.  18 
ii\  Jan.  6 
90  Jan.  6 
90  Jan.  t 
80X  Jan.  s 
101  Jlay  29 
107)4  Fel).  1 
106X  Jan.  7 
105     Jan 


79     June  15 


87V     n        88V 

•Thlsisthenricebld.  ao  ftalev^t  madeatlhe  Board. 

Railroad  and  miscellaneons  Stocks. — The  stock  market 
has  had  much  the  came  general  course  as  last  week,  being  dull 
and  spiritless  in  the  first  few  days,  and  subsequently  showing 
more  life  and  quite  a  firmness  in  prices.  Western  Union  has  sold 
up  to  84J,  and  closes  at  84|,  without  any  further  developments. 
The  Chicago  &  Alton  Railroad  has  declared  a  4  per  cent  diviaend 
payable  in  September.  The  strongest  point  in  the  market  was  in 
the  prominent  Western  Railroads,  Northwest,  St.  Paul,  and  Rock 
Island.  The  preferred  stocks  of  the  first  two  have  been  particu- 
larly conspicuous  for  their  firmness,  and  the  St.  Paul  preferred 
under  free  purchases  has  advanced  nearly  5  per  cent ;  Norihwest 
preferred  "i  per  cent.  Rock  Island  sold  yesterday  at  109|,  and 
closes  to-day  at  108^.  There  is  evidently  more  confidence  in  these 
Western  stocks,  based  probably  on  the  exhibit  of  their  last  annual 
reports  and  on  the  expectation  of  a  good  traffic  this  Fall.  Lake 
Shore  has  been  strong  in  spite  of  the  rumors  of  a  large  decrease 
in  (earnings,  and  the  best  price  to-day  waa  61^.  The  general 
tone  of  the  market  is  strong,  though  prices  at  the  close  were  a 
fraction  oS^  from  the  best  of  the  day. 

For  the  purpose  of  showing  the  total  transactions  of  the  week 
in  the  leading  stocks,  we  havfi ftoiic^pUed  the  table  following : 


Aagust  21,  1875.] 


THE   CHRONICLE. 


181 


PkUc 


Ao»  14 

-  1»..... 

"     17 

"      18 

-  It    ... 


iitoa 

11.KB 


Laka 
Bkora. 
V 


10,800 

7.800 

MOO     85^800 


Watt*B  Chic.  M  OBlon    Ohio  * 

DoioD.  ITwMi.  M*.  P*eUc.    KlM. 

16,900      4.100  -UM  ....            800 

88,400     t.900   KaOO  800 

*«.aoa    1,900   Aioo  80o 

is,«M    a,300    1880  m» 

I0.7W      7.9l]0      (.too  800 

8,400     &.«»     l.TUO  100 


Wab. 


8,100 

taoo 

1,400 
8,000 
1.400 

800 

800 
4U> 

9.900         900 
900.000  IBO.OOO 

Total sa.800    n,ioo  uo^ioo  icioo  8B.800    i.8oa 

WkoleaMck.  .J800,8aO   tHJUt   «n3U  149.980  188X00  887.480    

Th*  laat  line  io  tha  preeedlDg  uble  ahewa  the  toul  number  of 
•bares  of  each  of  the  otoeko,  now  ogtgfndlng,  ao  that  it  maj  be 
MMi  at  a  glance  what  proportioa  of  tha  whole   stock  has   been 
tamed  OTsr  in  the  week. 
The  daily  hlxbeat  aad  lowest  prices  bars  baea  as  follows : 

aataxsar,    MaaOar,    TaaMaj.  WaSiaailiT.  Tbondar,    Pnaar. 
AOS.II.       ABC.  II.      ADC.  17.      Aia.  II.  ABC.  It.      AncTa). 

:9<Htsiir  m%Mx  »>Hi(H}iJgim>t  »ihm    hmxios 

'IHKIH?^^ —  "~ 


101 H  .IB 

IMH  IHH  >UIH  IB 


At.*  Pacpraf. 

OhloAMua... 
CcatraJo:  S.J.  110     .. 
0«l..  L.  *  Wmi  19K  in 
Baa.  ast.joa.   as   av 
UaloaPadac..  —      ~ 
Col.Ciue.*I.C 

Psaama . 

Waat.  ra.  Tal. 
At  a  Pac.  TaL 
Qaleaallrar.... 
So       arsf. 

iii£.... 


The  following  aru  the  qnoUtions  in  gold  for  foreign  and  Ameri- 
eau  coin : 


SoTeretrni 

Kapoleoni 

X  X  Relcbmarki. 

X  gnlldera 

flDeiUTe*-  bars.. 


..81  87    Stt  93 

...  sw  a  «n 

..    4  77    9    4  81 

■  ■    110    «    4M 

■  ■    I  »!<«    1  31 


Fine  (Old  ban ]  X  dlV.(3V  prm. 

Dimaa  aad  Half  dim«>.. .  -  90  ^  _  « 


P"  franca -n   @  _  94 

Francs' —  18«S  —  5 

aigllah  illTer .•..    4  so  «    4n 

^roMjan  paper  thaler...  —  -0H»  -  S 
Praulan  illTer  t  balers..  —  ma  —  71 « 


Trade  DoUara  .'.'  —  95 


VoreUa  lizelianKe — Exchange  was  weak  prior  to  Wednes- 
day s  steamers,  and  quotations  were  reduced  to  4  86+  and  4  89  for 
prime  long  and  short  sterling,  respectively.  On  Thursday  an  ad- 
vance of  i  point  was  made,  chiefly  in  consequence  of  the  unsettled 
appearance  of  affairs  and  decline  in  consols  at  London  ;  to-day 
the  nominal  qnotatious  remained  unchanged,  while  active  bnsi' 
neM  was  done  at  486  for  60  days'  sterling  and  4.89i  for  demand. 
It  baa  not  been  apparent  how  far  rates  were  aftected  by  the 
rumors  of  another  "squeeze"  in  cash   gold.     Quotations  are  as 


J      t 


n 


W 


i«»  i*% 

'UP     III 

>i»N  la 
*i      u 

m   M 


•)'.' 


UK   MH   18 

mi  »■     iiji 

•4»     

ntK  •    Its 


S2 


•i;o 
1.1  w 

as* 

•*%    ... 
•at    lu 
iiw  »>•< 

««  j: 

•  ...  a? 
nx  sstt 

•  .   »H 

•n»  » 

•48       .... 


a    T> 
• ...    1% 

•at   IB 
«tr  i>K 

•M       lis 
•....    3 

.-%"•" 
MK   MM 


It«  »H 
■no  iu>% 
liiM  ir.a 

:  ..m 

>IC*M    ... 

•173  .... 

••IH   " 


17 

«£  44S 

iiS  ui 

iioyiii 

..jijjmx 

t*     a 

•4X      9 

111    in 

91       MX 
»       tl 

a^iS" 


follows  : 


Prime  bankara'  ttcrllng  bUlg . . 

LoDdoa  good  bankara'  do 

London  prime  com.  tier  do... 

Parla(francs) 

Aatwarp  (franca). . 


•0  daya. 
4.88    04.87 
4WX94.M 
4.8.1    St.KH 
t.l-SHIti.WX 

1«« 

.16X 


Aug.  80.- 


Sarlaa  (franca) 5  nSi 

Amalenlam  (xnlldera) ,^, '  40X1 

Bambarf  (relctaaiarka). ., 95 

Frankfort  (rclchmarka) is 

Bremen,  (reichmarka) 15 

Pnaaalan  (reichmarka) "..      93    Q 

The  traaaactiooB  lor  the  week  at  the  Custom  Bouse  and  Sab 
TreasarT  have  been  as  follows: 


3  days. 
4.89    04.89X 
4.88kS4.89 
4.88    04.88y 
S.14X58.1SK 
S.HSSs  18K 

«  O  41)4 

M  S  96)i 

M  Q  My 

M  8  MX 

98  O  MX 


Tiiisiatk«arMa»Maa4aska'i  aeai 

Tbeaatlra  rao(«  from  Jan.  1, 1.174.  to  this  date,  waa  as  follows 

«   -Jas.  1,  MTS,  to  liaie      w Wbda  jraar  18T4 

LoiAat.  iii.K_t     T    -  -■  ■ 


,     IIUbesL 

a.  T.  Cea.  a  Ua«.  ■...Mi     May  88  107^  May 

garlam UIMJaa.  1«  1«     Apr.  «      . 

Brta - iSKJaaall    »sx  S(^  H  (8 

(•aksSbora 87    Jaaa   1    Wx  Jan    ^  — 

Wabaak 4X'uaa>  tts  Jan 

Nottkwast 88M  JaB«:t   4SS  Jan.    4 

*o        praf 47m  Jaaa  11   «lt(  Jan.    1 

Bocklalaad I8»x  May  la  ions  Aa«.  Ii 

8>.  Paal  asx  Jan*  I*   40H  Apr.    ~ 

do       praf 81     Mch.    I    MX  Anc. 

Atlaatle  *  PacMc  prrt.  1 1     Aa(.  11;  18     Apr. 


Lowaat.  HIabest. 

1^  88X  Max  11  lOftX  Mch.  11 

~  Itax  Jan.    7  l»4X  Feb.  IR 

88     Oac  10.  Slk  Jan.  IS 

i|  m%  Jaaa  It   S4K  Jan.  18 

i^  HK  Dae.  88   8AX  Jan.  18 

MX  Jaly  I5>  88«  Jaa.    9 

81     8«pL  I0<  7«x  Pab.    8 

MWJnaal*  lOOX  Feb.    • 

■  X  Max  18   4*VJan.  10 

48     Mar     i    74X  Feb.    y 

lOX  Sept.   3    18      Feb. 

8iKJa>al7    88     Jaa. 

•1     Jaa.    1  lOax  Feb. 
_     j^^     . _ 


J«*  ■?!>»• 


OkloAlllaslsslppl....  MNABC.  1  nxJaa.  t 
Oeamlaf  Ifaw/atMy.llBxJaa.  G  l»i  Apr.  « 
Oai.,  Lack.  *  Westan-IOSM  Jaa.    t  isi    Apr.  » 

Baaalbal * 81. Ja, I8K  laa.  88>S>XMck.li 

Valoa  PaclOc  M     Jaa.  is   Tis  Jaaa  I 

CoL.CUc*I.C a     Jana  Is     *X  Jaa.  M 

Paaaaa Itok  Jaa.  tl  171     A(ir.  M 

Waatam  HaloaTal....  IMt  Fab.  17   M\  Aas 
AtUatk  A  Pacifle  TsL.  !8     Jalf  li;  »x  Jaa.  M 

Oatcaailvar    18     May  I4'  88     Jaa.    I 

do         praf 18    Jaly  U   44     Jaa.    t 

PactacMall IPX  Fab.  iO  4AX  Apr.    • 

Adaiulnraas 81    Jaa.    1  lOix  Mck.a 

AaMttcaaknrasa »    JaaaM  «     Jaa.lt 

OalladSlataabpraas.  4IN  Aa«.  II   ta     Jaa.  tl 

W*IU.  Farro  A  C^ 78     Jaaa  71  nx  Apr.  M 

■tallraatf    Karalaca — The  latrat  aaralaga  obtainable,  and 
the  totals  from  Jan.  1  to  latest  datr*.  are  aa  follows  : 

'—. — Lataataaralaga  repettaC    .        Jaa.ltoiatasldaia 
1878.  Itl4.  Itm.  19N. 

tJ8«,880    7^I8,«08 


t  liiXFcb.  10 
7  MX  Jan.  II 
Jaaa  17  Ibw  Mcb.  80 
•  Save  8  8«H  Mcb.  80 
M  Apr.  80  118  Jaa.  8 
8t  Apr.  M  MX  Dae.  10 
M  Aac-  8B  m  Hot  7 
m%  Apr.  «  MX  Not.  M 
•  Jaaalt  48  Xer.  n 
MDaa.  81  tlx  BapLM 
MM'aa.  18;iW  S^.  18 
■MJaa.  11  MX  Dae.  1 
m  Sap*.  H'  74  Fab.  t 
mriaa.     81  M     Not.  80 


Alcb.,  ri>p.  M  8.  Fa.  Maalk  of   Jaaai    |li>l. 
Oaatral  PaclSe.   .   ..  MnnU  of  Jalr.    I.iw.ljga 
Cble  .  Mil.  M  »L  P  Moatk  of  Jaif.       I<ll.m 
Ola.  Ufaj.  *  Cbic  .  let  weak  of  Aac  «.IM 

DeaTar4kK.Oraada.td  araakofJaTy.  4«8 
OUoola  Caatnl  ...MoMb  of  Jalf.  Tni.TM 
la41aaap.Bl.  *W...S«aakae(Jalr.  M.1I8 
latlssit  Ola.aUr.Mot>  of  May.  UV88i 
IalarBl*0«.llaftk.  Stack  ar  Jaly.       7i,ii|t 

riamifccWc Iloaik  of  Jafy      wi.<M 

KaobskADaa  M...M«aakof  Aac.  ILMI 
Mo.  KaaaasATaa...  latwaakof  Aar       ii.>M 

MoMU  *  OWo MoaU  of  Jaaa.       «».«i 

•t.  U  Altea  a  T.  H..  Ui  week  of  Aa«.  in.lOt 
to  braackaa  IM  weak  of  Aac.  7.8n 
bCUI-MLaaoatb.  IMwaekof  Aac.  U.714 
■l  L.  a  Hoatkaaat  .  Mostk  of  Ja>r.  ST.IIS 
St.PaBiaS.Ctty.aa.  Moatkof  Ja;.  Ki.lM 
ITaloa  PadSe  Moatk  of  Jaly.   I.n»4  — 


4«    $181,774 


mats 


*jttajfn  4.itij8> 


aaittt 
tutm 


88tMi 
8MJ» 

1,781,  tn 


IJOLS 


ss 


M«l 


•88.118 

I,M4.IM 

MC4la 

888.4*8 
8J80.4t7 


r.8l8,«M 

iMJm 
ia.ia7 

4.181 
kl4,aai 
788,n8 
Ml,;8t 

i,nt,MB 

88S,8I« 

i.7*«An 

1.084,878 
711.«*8 


1,718. 
881.»)0 
441.087 

S.4ll,Tn 

In  lli» 


Tka  e«M  ■arka«_4ie|d  waa  compaialiTaly  ataady 
early  part  of  the  week,  bat  •abarqurntly  baeama  mora  actiTn  and 
6rmer.  The  appreheosloo  in  I»ndnn  oa  aeeoaat  of  the  (■>aat<>rn 
qoaation,  and  an  advanee  in  exehaoca  hava.  tonther  with  the 
reported  formiof  of  a  avw  eliqae  to  lack  ap  goki,  bad  the  rffeet 
of  adranriog  the  prieaoo  Tkaradsy  to  114i.  To^lay,  the  ondl- 
tion  of  affairs  te  qalelar  la  London,  aod  tba  mmors  that  soisa  of 
tbe  aama  paitlea  who  eoasWaed  to  put  goM  ap  os  the  last  spaea- 
lative  moramaat  are  aevMrposlog  a  aimllar  attempt,  are  not 
as  yet  sostaioed  by  aay  daflaite  facts.  On  gold  loans  rates  this 
week  have  generally  bMB  bicfaer,  but  to-day  tbe  terms  for  bor 
rowtag  wart  1  aad  S  par  eeat,  and  Hat.  At  the  Treasury  sale  of 
fl.SOO.OOO.  jaalarday,  tha  loul  bids  amoaaied  to  |2.215X)00. 
Castnm*  — 

Thr 


week  . 


•awrday,  A 

Moaday, 

Taaadar, 

tra4B««iay. 

Tharadar, 

Friday, 


'"•a  of  the  week  were  (S.^SS.OOO. 

/    table    will    show   Uia   eoarsa   of    gold  and 
i«  Gold  Bxehaoge  Baak  aa«h  day  of  the    past 


.«|aomiona. . 

Opaa-  Lew-  Hl(b-  Cloa- 
»«•     aat.     a«i      Inr. 

;.  14  ...118X  lUH  lit'.  :ii'i 
18..  '-'v  "■•,  JUS  mx 
n  iisx  in<t 

>8  ,  lUK  II8X 

i»   ... .  ...>.  titx  n»\ 

»  ...iiax  iux  iiiK  mx 


aalaataa 


Total 

fflmrlaaa.     0aM.    Oaiiaati. 

|8tl8R.800  •l.iOtlSM  |M87.4n 
MUIUM  l.4nj«  U8S,4M 
■kHMW  iao,888  NS.ia7 
l,fJB,087 

1.80l.«l« 
1,114.  K9 


tsss: 


\jan.ut 

l,4Bt.8« 
1.180,187 


(tarraat  weak 

Paenaos  wsafe 

Jaa.  I.  int.  totals.. 


.It8H  <<« 

.lur. 
.Ills 


IMX 

;i.tx 

:i.iX 


•ntjPMis   « $ 

l48,a51JH       MMDl     l,10t,8H 


^V 


Cnatom   .— 
Uoaaa     ^ 

Receipts. 
..t89«,0n 
.  M0,000 
.  4«,noo 
.  8ii.on 

.     ia8,800 


Raeatpta 

Oold.  Cairencj. 

$81t.8M  78  tL  180,717  87 

819,085  OJ        t«,807  03 


Snb-Treaanry.- 


-Payments.- 


Oold.  Cnrrency. 

tt39..«W  88  11,808,191  89 


487.484  n 
814,418  38 
&;8  981  80 
808.8)8  48 


80t.418  44 
880,088  85 

1,WI,171  94 
8,817.758  81 


148,1M  IS 
88e,tWM 

1,788,774  78 
I4ft,«l  17 

1.891,880  SO 


878.884  48 
801,917  88 
8TM0S  75 
1,818,038  8* 
81&,5S7  54 


Total..        .^418.000      1,1 15.885 -.8     7.801.44164   4,849,785  11     5385.1(8  86 
Balance.  Aac.  18...  81,879,818  SI  8(M80,838  10  a,«w.i  0  «» 

baUnru,  Aac.  lu.. .  ..*. . .     »S,t4i.T17  88  81,446.9M  W 

New  York  City   Ranka.— The    following   atatement    shows- 
the  condition  of  the  Aaaociated  Banks  of  New  York  City  for  the 
week  ending  at  the  eommeneement  of  business  on  Aug.  14, 1876: 

-ATaaASB  AHOCXT  or— 

Driaeomta:   Specie.     TenSen 


«ortblttT«r 

Kaal  KlTer  ..  ...... 

Xaaafaei'n'aMar 
roartbMatlaaal,... 
Caatrai  MaHoaai 
iiieal  MaUoaa' 
■talk  HalfcHUI, 
nrat  MaUanal 
rbird  ^ai 

s.T.naWi .  .  

Taalk  Mattoaal \JliejOf« 

•owaryaaMoaal...  wi/tr 

■aw  Vbk  Co.  Wat.  tatjoM 

Oanaaa  Ameitcaa.  l.mc.Mio 

orrooods _  ijnpfco 

Total wnjrtejK  muiijao  iii.44t.ta.  i7D.Ta,2oo  iM).oajro  «i8.4it.70a 

The  deriationt  from  the  retarna  of  the  preTious  week  are  sa 

follows : 

8t.l<n.ano  I  .<lal  Oapoaiu Dee.  t8,4»^ 

'-        -"■  Dec.     lOl.loO 


..  Inc.. 
...De'. 
...Bee. 


"I- 
lJ*?.VIi<  I  Clreala 


:loo . 


Tbe  following  are  the  totals  for  a  aeriea  of  weeks  paat : 


Maya.... 

Stin.... 

Jaaa 9  ... 
Jaaa  It... 
Jane  It.  . 
JanaM... 
Jnly  »  .. 
jBir  I"  . 
Jalr  17. 
JalT  11.  . 
Juir  *'.  . 
Ansaalt. 
AucaatU 


MAoSStal 

Mi.m. 

in.wj 

I7JJ17J 
t:(.707AllO 

trtjmjm 

ffOJM.WI 

iTustaro 

t77A«tJ«> 

m,iv;.7a 
nt,48tjao 
188MI.K10 


Speele. 
!a.<u.a» 

U.tttMO 
|(lTo5'.^ 

«.«47J100 

It  n4.«« 

I«JS7,»« 

i«.w4jao 
i7.M9jno 
r.TSTjoo 
njat.un 

11.441.100 


Leital 
Taadera. 

nmum 

•M7IJS0 

iksajM 

K.i».m 
M.aojoo 

7I.491.<00 
71.M..100 

wjnjMo 
78,7njaio 

7SJI1SJ0O 

wmtot 

78J0IJ80 
70,7 


Depoilt*. 
f3J,lJ>.70D 

»i,>«8jni 
ni,4 14.1011 

10.111,780 
a4J«8.IOO 
tKJMJOBO 
MS.M«.7aD 

an.4ajaa 
auiMAmi 

mjw.ioo 

HI.4«IArO 

Muasjro 


circa, 
latlnn. 
M.ia.IOil 
I9J71.II« 
I9.7»<«0 
ll.4M.iaa 
11.141.000 
ll.n'tJOO 
|!I.99U00 
!»."M.«Vi 
IFAr|.MO 
ll,Mt.401 
11^78,180 
IUIIJ8* 
-  XKO 


IS.4U.7I 


Airsresat 
CIrarlnra 
J  I.3S7.378 
4«11  1 11.5.111 
4W.01i.ll7 
MM  71.919 
48<.7S».4W 
424.IIIII.W9 

4:!i.iai^.nm 

I7<I.1B.1BI 
lld,M9.749 

iiiJ04jan 

8«.74:.»77 
I84J80.41S 
■8,108.714 


182 


'THE   CHTtONICLE. 


[Augmt  21  H75. 


Boston  Hauka. — Below  we  give  a  statement  of  the  Boston 
National  Banks, as  retarued  to  the  Clearing  House  on  Monday, 
Aug.  1(5,  1875 : 

Bouxe.                     CkBlttl.     Loaaa.      Srtacle.  L.T.  Notea.  DenOflU.  Olrnnl. 

AUanCle t7Sa,(X)0     lt3M.9'jO      t2l,9%l        MO.TUU        tsi».aiu  ^n.^oo 

AtU< 1,900,000        S.:i28<:U0            StU         lUJ.MU        1.0.u,6(<0  «37.9  tJ 

BlaclMtOae S.CUO.OOO        «,533.JC0          3.HC0         »S,7i  0        l.»;4,2(0  815.»»l 

Boston 1,1)00.000        3,213.700          8/>0a         IU5,4!I0          ^»i.^t»)  533.500 

BoyiatoD 700,000      1345.300       :>,70J        3!i.ioo       e-ig.eoo  4ir.jjuu 

Broadwa; 300.000        «9^oua         ....         njeou        NI.0U0  lis^.eio 

Central SOO.OOO       l,i'4S,:00          ...           »l,euO         M<.j)UO  iliw^ 

Colurablun 1,000,000        i.5dli00          4,000        16'JOO        UWI<,»0  725.;'0 

Continental „    1,000,000       a.llu.'^UV          ....         M,«U)         KOKUti  5».70O 

miol l,OOOW)        •MO.i.W         lli.WO         lni,900          7.VJ,4i«  7S;.IJ0 

Bverett 400.000        l.'SS.  00          a.OUU          80.«OJ           563.700  199,60<- 

PaneallHall 1JIOO,000       iar.fiw          ....        lic.aio      j.iii.sou  403,5011 

Preemaa'a 800.000       l.SiSax)         1.9J0         »3,100         Ms.lOO  SjSJCO 

Globe  1,000.000        J.2J3.ilO            ....          180,^00          -iSt.iO"  853.400 

Uamllton 750.000        '..-5i.«00          6,000          71.:oO           69J.3tiO  2S0,7UO 

Uovard 1,000.000        S.i  MlJO          l.^iOO         lU.IOi)           735.200  441.„00 

Mannracturera* SOO.OOO       1  ccJ-'iOt'           100        88,000        661.800  I33,6i<;. 

MiiTKet 800.00C        1.536,51X)          9.900          63.8(10          658  300  341.5H, 

Uaaaacbnsetta 800.000      ii.75s.iou        62,»iO        187,100       1.4<i4,2jo  8f>;.?.'Xi 

Maverick  400,000        1.6M.4l'<l          S.600         111,400        1,C.^>».400  S)9  000 

Mernhanta' 8,000,000        S.igS,*^         73.-.00         «a,OOC        l.Jsa.JOO  :,713.-Jl 

MclropoMtan; 260,000         SlO.UiO  ....  4S5oO  27r..*U 

ll>anl  Vernon 200,000         6>U1GOO            ....           {0,«10           seS.Sl'O  ITI.T'JO 

Hew  Snuland 1.000,000        a.515,«00        I8,90C         lOJ.lOO           70',0l)0  697.6-.1) 

North 1,000,000     8.193.U0      ;».!uo      aaaw      i,s40.20o  6n,9„t) 

Old  Boston 100,000        J.OiO.Sl'O         41100        Joiooo        1,107.200  'M.iOO 

Shawmul  1,000.000        2,121.110          H.S^fl         140200          9i>,l»n  43a.lij0 

Shoe  4  Leather 1,000.000       s.7l'.'iio        la.iW        '.sa'jDO       1,2;5.;00  7ji,kiii 

Btate J,000.000        3798.3U0          S.iUU          ?g;«io        1,IS6"00  »?2.100 

Suffolk 1.500,000       8.l3iA>0         11.4'JO         ]9<9(10           93-1.100  71S,IOT 

Traderj' 600.000        l.ced.  00         21.700         166.500           S65,fi00  laM'.'O 

Tremont a.000.000        S.Set.JUO         Sa.SUO         151.610           63;.9l!0  6t2.7J(. 

Washington 750.000        2.0l'.300          1.900         i,,,  5,10          621.200  SSI.'HlO 

First , 1,000.000        4.341.3*1             700         599910        l.'.TR.SOO  5«S.3Jt 

Second  (Granite)...    1,600.000       4,050.800       I02.8OO         849.710        1,7I3.1M  46-<.7U0 

Third 300,000        l,li3.S(jO        37.100          j|,iQO          855,410  153.:oi. 

Fourth  i;ii.a:0          229.  110        lg,(00            66.200  W.iOO 

Bank  of  Commerce.    8.000.000        S.l'I.^OO          2.500         438.6OO        1.8!6.HI0  509.1ij0 

Bankof  N.America    1,000,000        2.183.300        21,100         M4.S00           OSI.IOO  5ii2.»10 

R'k  of  Redemption.    1,000,000        f,'iO  ,30l,        36.I0O         45:.800        l.lSi.SilC  635.800 

Bjnkof  ISoiinhllo...    1.500.000        S.166.500            ....         151,800           7S9.2JI'  !18.',800 

Uominonwealth 500.000        3.5;;,MI        lO.OOO         4SO.0OO       2.713,600  800.000 

Olty 1,000,000        1.997,U0         H.aiO          ,9.00c           ;1V«0  418,'»'0 

Easrle  1,000,000        2.0.15.2110           1.3J0         251.100        1.128,200  32'..6lX' 

Kichanse 1,000,000        4.9O:i.3;i0       134,100         893.700        I.7i9.6O0  698.500 

Hide  4  Leather 1,500,000        3,749,700         33.100         198,900           98:1,900  t6l,3lC 

Bevere 2,000,000        5.569,700         21,900         88').6C0        3,26;,9ll0  PS9.91X' 

Secnrlty 200,000           9i4.S00             ■''00          79.BOO          749.700  IfO.' 00 

Union 1,000.000        2.S^.'i8fO         12,700         18'i.60il       1.13.5,600  525.1110 

Webster 1,500,000        2.7J3,3O0         13,700         167,000        l,3i4,C0O  4J1.60O 

Total »50.5S6,0f0    t:33,5;0,700     {9n9,100     18,713,300    |5:.767.fil0  $25^001.900 

The  total  amonnf'dne  toother  UanKs. "as  per  statement  of  Aug.  16,  ti  *23,l87,lU0 
The  deviations  from  last  week's  returns  are  as  (ollows: 

T^oauB Increase.  l2^ti.3'J0  |  Deposits Decrease.    JiS8;,403 

Specie Decreafe.    I37.fl00    Circulation Increase.       92,410 

Leffal  Tenders Increase.       1.-^  I 

The  following  are  the  totals  for  a  series  of  weeks  past: 
Date.  Loans.  Specie.    LegaiTenders.   Deposiis.  Circulation. 

.fuly  19 i3a,3>6.000           1.791,4110            a.216.400          53  595,si00  25.(6S.11!0 

Jnly  2« 131.325,900           1.3,i8  700            8,J95,5(0          52.370  300  24.941.0011 

Auk.  5 131.934.4t0          1,093,000            8.96^.500          52  385.100  24  S37.im 

AUK.9  .  183.224,400           1.046,7(0            8.716.500          53.650,000  Zl.ii'g.OO 

Aug.   16 133.520.700             9O9.100            8.71S,300          5i.7i7,60U  25.001.900 

FblladelpUIa  Banlia. — Thi  following  Is  the  average  con- 
dition of  the  Philadelphia  National  Banks  for  the  week  preced. 
ing  Monday,  Aug.  16,  1875  :                                     Total  net 

Banss.  Capital,      i.oans.     Specie.    L.  Tender.  Deposlts.Clrcnlat'n. 

rmiadclphla $1,500,000     |5,3lO,0O0     19(I,IH10      11,400,000      $4,095,000  11.000.000 

NorthAmerloa 1,000,0«.'       4,972.000       27.000         1.123.000         8.691.000  7=1.000 

Irarraers  and  Mech.   2,000,000       6.2'U,7(iO       9»7;iO         1,658,600         5,412,500  l.OOII.OOO 

Oominerclal SlO.Ora       J.6U.0OO       20.W0            548,0r0         1.713.000  593.((X) 

Mechanliis'  800,000       2,1.59,300        6,070            891.800         l.;:9i,500  470,(01 

Bank  N.  Liberties.        SOO.OCo       2,913.000          ..   .            778,000         2,692,000  126,ll0(! 

Soathwark 250,000       1,49<,295         4,952            «5I,554         1.615.714  201.460 

Kensln2ton 250.0(JO       l,016,ii-,6          ....            206.(.0J            714,9t3  221.0l«i 

Penn 500.000       l,3i.3.314         5,000            2S0.S76            9,52.457  190  770 

Western 400.0PO       2.3)4.123       89,2i8            «49,S41         2,52!!.616  209J  5() 

Manufacturers'....    1,000.0(0      2.S7J.OOO          ...             i92,0O0        1,513,000  34000 

Bankof  Commerce      250.0CO          775.175            906            285,172            637.826  ;99  27ii 

Olrard 1,000,000       3,9'iO.OOO       Ifi.OOO           94),000         3,129,000  551,000 

Tradesmen's 200,000       1,526.(100        7.000          SSl.UH)        ;,155,000  780,00 

Consolidation 300,CC0       1.194,137         1.50O           Wijrn           772,-')9  270.000 

<!!ty 400,000       1.621,63          ....            !rii,60J         1.047,216  359.075 

e)mmonwealth....       300,000          831.000          ....            2I3.0i»            f21.00  213»'0 

Corn  Exchange....      500,000       1.9^8,000         5,S16            SH.OOO         2.29.1,000  27;  050 

anion.... SOO.OW       1.692.0(0          ....            iilMB        1.465,000  257  000 

First l.OOO.OCO       4.S  5,000       13,000           f85.000        3,819.0(0  777  0011 

Third 300,000          950,3116          ....            864,000            957,361  553(90 

BUth 150,0C0         5^0.000          ....            189,000           473,000  135.00(1 

S'.ventn 350,000         f59,'X10          ....            1<0,000           46.000  2l;'.350 

KIghth 275.000       l.IM.JtO          ....            156,000           Sl7.(IOO  2';fOii 

Ojntral 750,100       4.510.000       12,000           8S6.000        4,207.000  410.000 

Binkof  Uepnbllc.    l.OOO.fOO       2.30il,000         6,OrO           353,000        1,013000  St'u,00l 

Security  250,01-0          710,000          ....            IIS.OOO           460,000  130.000 

Total....... I16.435.00C  $61,999,891    1311.672     $14,572,026     $19,693,912   $10,973,505 

Tnedeviationslrom  the  returns  ot  previous  week  are  as  follows: 

Loans Inc.     »2t,666  i  Deposits Inc.    I3JI.455 

Specie....    .    ., Dei.     53.252  I  Circulation  Dec.  8,S07 

Leeai  Tender  Notes Dec.      96.C9i! 

The  following  are  the  totals  tor  a  series  of  weeks  past  : 
'*ftte.  LoatiR.  Specie.    Legairander.     Depo-ills.  Clrculatlnn 

■luly  19 61.314.919              30.343           11.901,163          50.26',fi91  10,9.>4.713 

•)iil.v26 6I.4.'1.3.'4             272.510          15.037,823          50,259.033  10.8'.2,M8 

^\U){,  2 61,815.9«             Sa.).719          14.N01 .582          50.63-.,715  10,897,007 

Auif.9, 61.976.228             4'11.9!1           14.668.121          49,'l9-,.3f,8  10  9S2.312 

Ang.  16 ...      Cl,999.t9l             346.672           I4.572.0i6          49.693  912  10,973.ri(l5 

aUOTATlOSslN ^ bTiSTIIJI.  PIIILAUKLPIIIA    AND  0THI5R~CITIES 


SKCPBITIRI. 

Itld. 

isk.j 

SKOrBITIIS. 

Bid. 

Ask 

BOSTON. 

Vermont  4  Mass..  1st  M.  <.'83. 

ino 

101 

Malne»8 

101 

104 .1.4 
104X 

STOCKS. 

Boston  4  Albany  stock 

Boston*  Lowell  stock 

137V 

New  Hauipshlre,6B 

■  37M 

Vermont  66 

71S 

Massachusetts  6s.  Gold 

; 

liOBtoii  &  Maine 

117 

do           58,  Gold  ... 

107 

HI 

1117  ^ 

15114 
4,^ 

155 

Boston  88,  Currency 

Uurilui;ton&  Mo.  In  Nebraska 

41 

10.1  H 

60 
11   % 

ty'hlcaifo  SiiweraKe  78 

'Ih' 

Chloaito,  liur.4  Quincy 

■17W 

do       Municipal  78 

m 

JIu..  Sandusky  4  Clev. stock. 

U'K 

124» 

Portland68 

- 

Concord  

hO 

67X 
8<t 

69 

131 

'U^ 

do                land  Kt.  7s.... 

'.;onnectlcut  4  Passunipslc,  pf. 

rtj                2d  7b 

« 

itiVi 

his 

5,V 

do                land  Inc.  12s.. 

S4 

9,i     1 

Kastern  (New  Hampshire) .... 

50 

Boston  &  Aliiany  7s 

HI 

1.9S 

lOlVi 

iuk' 

110  ; 

i^ltcbbur^    

1V9 

129X 

Boston  &  Maine  7s 

\fanchpster  4  Lawrence 

Nashua  &  Lowell 

'.30 
NlVi, 

Burlington  4  .Mo.  Neb.  88,  1894 

83 

do              do    N.'o.  8s,  1883. 

94 

MurthernolNew  Hampshire.. 

95 

Eastern  Mass..  7b 

911     1 

Norwich*  Worcester, 

128 1< 

i;«s< 

Ind.Cln.A  Laf.78.  7869 

.... 

urdens.  4  L.  Champlain 

3S 

33  »; 

do          eq.ilpment  lOs. 

i 

do               do      pre!.. 

ift 

do          funded  debt  78 

(JldColony 

114 

07densburg4  LaKe  rh.bs 

urn<, 

Old  Col.  4  Newport  Bds,  7,  "TI. 

Kut laud,  new  78 

2" 

i' 

15 
30 
MS 

19 

Vorra't  Cen.,  iBt  M ..  cons.,7,'8« 

10 

do      2d  Mort.,  7, 1391 

I'ermont  4  Massachusetts 

97 

Vermont  4  Can.,  new,  8s 

Worcester  4  Nashna 

110 

BOSTON,    PHtLAOStPHIA.,  fStc.-Contlnoed. 


aKnTBlTIBS. 


Atk 


PHILADELPHIA. 

rrJkTK  AMD  OITT  BONDS. 

PeDDaylTanla5a.  coup 

do  do    reu 

do  6f.  10-15.  2d 

do          rto      15-25.  Sd.. 
Phlladelpbia  6s,  dil 

do  6s.  new 

Alleehany  County  58*  coup... 

Fltt8bnrg4a 

do       Ss 

do       7a 

New  Jeraey  State  68,  Exempts 

lamlen  Coaniy  6a 

laraden  Clly  7s 

D.iia«  are  6» 

Harrl8burg  city  68 

BAILBOAD  STOCKS. 

Camden  4  Aitautlc 

do  do      pref. 

Catawlsaa 

do        prel 

do        new  pref 

EImlra4  Wrlllauisporl 

Ktmira  4  Wllllanisport  pref. 

East  Pennsylvania 

Hnntlnglon  4  Broad  Top  . . 
do  do    pref 

Lehigh  Valley 

Little  Schuylkill 

Mlnohlll 

Nesqnehonlng  Valley 

Norrlstown 

Northern  Central 

North  Pennsylvania 

Oil  C  eek  4  Allegheny  River 

PenLSTlvanla 

Philadelphia  4  Erie 

Philadelphia  &  Reading 

Philadelphia  &  Trenton 

phlla..  Wllming.4  Haltlmore 

United  N.  ,1.  Companies 

WestChisterconioi.  pref 

WestJerseT 

CANAL  BTOOKB. 

Lehlgb  Navigation.. ..„ 

Morris 

do    pref  

Scbnylklll  Navigation 

do  pref 

BAILKOAD  BONDB. 

Allegheny  Val  7  3-lOs,  '.896  . . . 

do        7s  E.  Ext..l910 

do     inc.  78  end. '94 

BelvldoreDelaware.lBtni.6,'77 

rto  do       2d  M.  68,'85 

do  do       Sd  M.  ii8,'87 

Camden  4  Amboy.6B,  '83 — 

do  do        68, '89 

do  domort.  68. '89.,. 

C»m.  4  Atlan.  Istm,7s,  g.  1903 

do  2d  do 7s.  18311... 

Cam.  &  Burlington  Co.  6«,  '97. 

Catawlsaa,  new  7s,  1900 

Gayuga  Lake  1st  m.  x.  ^f,  1901 

ConnectlnK6s  19OO-1904 

Chartlers  7b.  1901 

Dan.,H.  &  Wilkes,  1st  m.,7o ,"87 

D,-laware  raort.  6s,  various 

East  Fenn.lst  ■nort.7B,'83...  . 

Kl.  4  W'mspoit.  ist  m,  's.'.iC, 

do  do    Ss.ptrp 

Harrlshnrg  Ist  mort.6e  'S3. .., 

a.  4  B.  T.  1st  mort.7s,'90 

do       2dmort.7s,  '75... 
do       3d  m.  cons.  7s. '£5.1 

Ithaca  4  Athens  g.  7s.  '90 i 

Junction  Ist  mort. 66. '85 

rto       2d       do  1900(9.11;  I 

Lehigh  Valley,  6B,  1898 ) 

do        do         do     reg.  1898; 

do        do         do       7s.  191" 

do        do        con  m.  f.s.  1923, 

do        do  do  reg  19.3 

LltHe8chayIkin.l6tM..7, 1877.1 

Northern  Central.  2  1  m..6.«,'S'.: 

Norlliern  P.  elflc  7  3-108. 1900. 

NorthFcnn.  Ist  m,  68. '85 

do  2dm. 1s. '96 ! 

do  chattel  M.  lOs 

f!o  gen.  M.7s.  1903.. 

on  Creek  4  Ale.  IS.ci  n.  is.'83 

On  Creek  Ist  m.7H,'82 1 

Peun4  N.  Y.C.&H  I!'.b.'96-1906.' 

Pennsylvania.  1st  M.,6,1"S0... 

•lo         gtin.  in.  191(1,  coup 

do         gen.m.,  reg.,  1910 

Perklomen  1st  in. 6s, '97 

Phlla.  4  Krle  1st  in. 68, '81 

do         2d  m.  78, '83 

Phlladelpbia  4  Reading  6s,  80 

do  do       7s,  '9:i 

do  deb. bonds, '93 

do  g.m.7a,c.  1911 

do  do    reg, 191' 

do         newconv.  7s, '.893 

doCoal  4  l,Co  m., 78. '92- '3 

Pltte.,  Cln.4  St.  Louis  7a, '1X1.. 

ShamoklnV.*  Potlsv.  7s,l'i01. 

Steubenville  *  Indiana 7(i. '84 

Stony  C  1  CK,  1st  m..  7s,  19(7... 

Sunliury  &  Erie  1st  m. 7s. '77.. 

Sunbtir.v  4  LewlstDU  78, 1860.. 

Union  *  lltusvllle ... 

U.iltedN.  J.c   ns.  m.68,  91.. 

Warren  4  K.  Ist  m.  is, '96 

WfSt Cheater  cons. 7b, '91.  ... 

West  Jersey  1st  m.  6s,  '96 

do  do    78,  ".397 

Western  Penn.  RH.  6s.  l->93.... 

do         do     6a  P  b'96  

Wllming.4Kcad..lstM..7,19(i< 
do  do   2d  Mart,  1902 

OANAL  BONDB 

Delaware  Division  6s. '73 

Lehigh  Navigation  68. 'SI 

do  im.  9j.... 

do  '7-.    

do  conv  ,  '8.1 

do  conv.,  g,'9i. 

do  gold,  '97 

MorrlB,lstM.,9,l876 

do       2dM„  1876 ...   . 

do       boat,  '85 

Ponn8ylvania68. 1910 ... 

Schuylkill  Nav.  let  m.6B,'97.. 
^do  2d  m.,  6b,  1907 
do  m.  6b.  c.  '95.. 
do  68,  Imp., '30... 
do  6b,  boat  4  ear, 1913 
do  78,boat4iar,l9i5 

do         Bcrlp 

Bnaquebapna  88. 7894 


101 X 

•.05' 
710 

;oi 

107)4 
80 


10714 


lie 
\u 


lOJX 


•03 

lul 

.... 

52 

Kt 

., 

1!>H 

» 

4251 

40 

... 

21 

33 

40 

VH 

8 

13 

11 

5:jV 

68 

50 

91 

53>, 

a* 

56 

aeM 

96  H 

-•JJfc 

mi 

M'^ 

, 

9*. 

»% 

IXK 

5111, 

20  s, 

M% 

0,lX 

S6X 

130 


10 IX 


130J< 


nx 


90H 


SOX 


RAiiTinonB. 

Uarvland  6.,  detence,  J.  4  ,f.. 

do       68.  eiempt.  1(187 

do       6-.  1^90.  quarterly... 

1^0        Bs.qnartcrlv 

Baltimore  68. 1^4.  qtiarti^rly... 

do        «a.l88<.  J.  4  J 

do       6s  1890,  quarterly.. 

do        6a, Park,  lo9  ,  Q— M. 

do         6s,l-9S.M.4  S 

do        6s,  exempt.'93,M.4b 

do         6s,  1900,  J.  4  .1 

do  ft,  1902,  do  ..  .. 
Norlolk  Wall  r,  8s 

BAH, KOATi  STOCKS.      Par, 

Bait  4  Ohio-St  ck la 

do  Wash.  nrarch..(0 
do      ParkerBburg  Br.  5i 

Northern  Central 50 

Western  Naryland 30 

■  ntrai '  hlo 50 

PltiBbnmb  4  Conncllsvllle.  50 

BAILROAI)  POND-. 

Balt.&  Ohio  6b,  tP8ii,  J.  4  J.... 
do  6s.  1885.  A.  4  O... 

N.W.Va..  Sd  M.(guar)'-5,  J.4J 
Plttsb. .«  (■<  n  ellsv.  7s. '98,  I'o 
Northern  Central  «B,  1885,  do 
dn.        68,  liUI,A.&0. 

do  es.goli.lSKKl.  .1  &J 

Cen.  Ohio  6i.  Ut  M..'S90,M.4S 

W.  Md.6s,lsl  M.,f!!r)'9II.J.'  J. 

do  IstM.,  Ib90,  J.4  J.. 

di  2d  .M.,  (gu-r.)  J.4J. 

do  2d  M..  (pref.) 

do  2  '  V.tgr.by  W.   o.)J.4J. 
rto     fis  3tl  M  ,  (guar.)  J.4  J. 
Mar.  &  C.n.7s.  F.  *  A.,  1892... 
do  2d.M.ft  N.... 

do        8s.3d.J.4J 

Union  !^R.,  Ist  tiuar..  J  ft  J.. 
do        Canton  endorsed. 

MIPCKLL*NEOl'S. 

Baltimore  Gas,  certificate"... 
People's  Gas 


102H 


103W 

1113 

ill* 

99- 

IfO 

m 

20 

21 

lOi 

I02h 

116 

IIM 

116 

iJli 

58 

M 

ll« 

104 

105 

110 

101 

103 

loSX 

DO 

9,li 

98 

81)4 

102 

103 

H-'4 

10, 

10  J 

.... 

95 

ll'i'X 
1 01 

93 
lOJ 
10,i 
102 
101 
101 
iO.1 

65 

97 

32 

It'' 
73 
92 
95X 


99^ 


101 


102X 


SBOOBITIBB. 


TVASHINGTON. 

Perm.  Imp..e«,g.  H91 

do         7s,  1-9; 

tlarket  Stock  bonds.  7s.  1S92. 
Water  Stock  bonds  7s,  1901... 
78.1908... 
irund.  Loan  (Cong  )  S.65B,  1924 
5  year  Ccrs.,7  3-10,  1875...... 

Ten  year  Bonds.  68, 1879 

"un.l.l.oan  (Cong)  6  -g,  189J. 
Fund.  Loan  (Led. is. g.  1902. 
Oct  II. of  Stock  rlf'iS)  5s,  at  pleat. 
"      (IS43)6i-,  at  pleas 
Cbes.  A  O.  st'k  ('47)  6s.  at  pleas. 
Board  of  Public  Works— 
Cere.  Oen.  Imp.  88,1871 

I'o  1875 , 

do  1876 

do  1377  

do  1878 

do  Series, 

Certlllcates,  Sewer,  88,1871-77. 
Water  Certlftcatee.Ss,  1877.. 

GKOROKTOWN. 

GeoeraUtock.S',  1881 . 

do  6s,  at  pi  apure. 

I'ounty  stock,  fis,         do 
Maikei  slock.  68,  dj 

CINCINNATI. 

Cincinnati  58 

do  6s 

do  7s 

do  7-30B 

Cincinnati  Soutb'n  RE.  7.30s  ■ 

Ham.  Co., Ohio  6  p.  c.  long  bde, 

do  do     7  p.cltoSyrs 

do  do      lgbrt8,7  4  i.SOr 

Cln.  4  Cov. Bridge  s'ock,  pref 

do  bonds,  long, 

Cln.,  Ham.  4  D.,  Ist  M.,  i,  80... 

Ao  do      2d  M.,  7, '85... 

do  do      3d  M.,  8,77... 

(7ln..  Ham.4  Ind.78  gnur 

Cln.  4  Indiana,  Ist  M.,7 

do  do    2d  M.,7,1877.. 

Colnm.,  4  Xenla.  let  M.,  7,  '90. 
Dayton  4  Mich.,  Ist  M.,7    81. 

do  do       2d  M.,7, '84. 

do  do       3dM„7, '88.. 

do  To'do  dep.bds,7,'8i-'94 
Dayton  4  West. . Ist  M..  1881... 

,lo  do        l8t  M.,  19(5.. 

do  do       iBt  M.,6. 1905. 

lnd.,Cln.4Laf.,l8tM.,7 

do  (1.4  C  list  M.,7, 1886 

Little  Miami   6. 1883 

Cln.  Ham.  4  Dayton  stock.. .. 

Columbus  &  .Xenla  stock 

Dayton  &  Michigan  stork 

do  8  p  c.  st'k  guar 
Little  Miami  stock 


lOS 


:oes 

I'SH 
101 
80 
104 
101 

mx 

101 
Inl 
106 
1114 
104 


174    m 

U8    :s5 
1     \i 

iSX  SOX 
5  .... 
42       M 


04 
I04X 

»7>i 
100 

97 

98K 

«9>l 
1(3 

90 
103 


98X 
103 


»M 


97 

96 
97K 
97)i 
67 

lOUH 
&6 

9S' 

82k 
»0 


•80 
•93 

MOS 

"106 

103X 

•92 

•li'l 

•104 

115 

90 
101 

93 
1(10 

81 

90 

-,8 
;(i3 

99 

93 

89 

97 
•100 

85 

75 

71 

91 

92 

.10 

99 

12 
1(2 

97 


I05« 
99 
BOX 


MX 


I.OIIISVII.I<E. 

Louisville  6», '82  to '87 


do 
do 
do 
do 
do 


97  to '98 
Watei  68, '87  to '89.. 
Water  Stock  6s,  '97. 

Wharf  6s 

special  tax  6s  of  '89. 
leff.,  Mad.4  l,lstM.(I4M)7,  '81 

do  do    2dM„7, 

rto  do    Ist  M.,7, 1906.... 

loulsy7C.4Lcl.,lstM.,7, '97.. 

■  ouls.  4  Fr'k.,  1st  M.,6.  '70- '78.. 

do       LoulBV.  Loan,6.*81 

L.  o»Na8h.lBlM.(m.a.)  7, '77.. 

do    Lon.  Loan  (m. 8.16. '8f--.S7 

do         do      (Leb.  Br.je.'se 

do    iBtM .  ( Mom .  Br)7,  *!0-'75. 

do    latM.(Leb.br.ei)7.'80-'86 

do    Lou.L'n(Leb.br.ex)6,'i 

do    Consol.lBt  M..7, 1893.... 

Jefferson.,  Mad.  4  Intl 

Lonl8v.,Cin.&  Lex. .pref 

do             do          common. 
Louluvllle  4  Nashville 

sr.  LOUIS. 

St  Louis  6b.  Long  Bonds 

io       Water  6b  gold • 

do  do  do  (newl* 
do  Brldg"  Approai'b  g.6s* 
do  Iteiirwal  gold  6a " 


do  Sewt-rj!  69  ('lne'9r-2-3)"  1(1 
,.  LcuisCo.  new  Pai  k  g.  6S...1  . 


St.  _ 

rto         c'y, 
At.4  Pacific  guar,  land  grants 

do       2d  M.  (funded)  — 

*  And  Interest. 


89  Si 

89 

o»S 

B9 

SS 

89 

f9 

71 K 

S8H 

76 

85 

-9 

95 

87X 

88  H 

98), 

89 

88 

66M 

■;■ 
4 

80 

•99H 

104  i 

'..iSK 
113 
103 
103 


vsy. 


SB 
»4 

103 
107 

104 
94 
103 
105 
120 
95 
103 
95 
102 
83 
91 
30 
U5 
1(10 
93 
91 
99 


91 

90 

m% 

90 
90 
09 
90 
72 
89 

n 

ffi 

90 
% 

^8 

SO 

S'-K 
57X 


104  S< 
104  K 

103" 
104X 
41.i< 


'    '    August  21,  1875,] 


THE  CHRONICLE. 


183 


GENERAL  QUOTATIONS  OF  STOCKS  AND  BONDS  IN  NEW  YORK 
U.  S.  Bomdi  UM  metf  BMirtad  Otoeks  m*  yuoUit  on  a  prwkww  page.    Prieet  rn>r»j,e,u  the  per  etnt  talxie.  vihaUner  tht  pir  may  b« 


UibMuts.UM 

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*»     J^snt 

da      tLIMi  .. 

«o     •c.Matt.AftafteB. 

to     |kAl*.*Cbu.  B.. 

.    <to     K. ottM. 

Atkam—U.tmattA 

*t       %JL.  K.  *  Ft.  8.  ■■ 

A       7i.lleaiuhb  *  L.  K. 

«o       1».UR.,T.B.*!«.o, 

te       ti.MI».0.«  R-BtT. 

te       Ti,  Ark. C<at. H.  ... 
a«ConUa«L 

4e       K, larn bends..  ... 
OonccileatM 


*1?*fcii^ 


KcoM  beada;: 


do 

do       Wvloaa.. 

Kratockj  •• 

LeateUaai*. 

do        do  auw 

do        doBmraoMtncdobt 
do       It,  PntteBtUrr. 


a> 
u 
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lul 
idl 


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lllinfH».d— buna... 

do  WW.  . 

dr  wn... 

dd  vm.  . 

IS::: 


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I  .vioet  Ae*«iw«  A«-M.) 
AHmuit  *  aBd«..  in  I 
do  «D      *d 

do      jjSi     Id 
Ttiiilin  Mif  i  Brta.Ulmort 
do   ^Btte  (ur  ... 

Biir.,aSMi*  Wna.  Itt  7«.  ( 
ChcupaBSOhlo  (•.  Ill  ■. 

'lo  do        ex  tuap 

CMcif^o  AJJtoB  iliiklfic  rand. 

I'j  do     IMmort 

'!o  do     loopme 

Jn!!..t  A Ckleaao, IM mort 

L'i.NiuiaAMo.,  inm., (oar. 
>^'    LiuKtM^.  A  Chic,  IM  m. 
c:  I'  . Bar. * Q. 8  p. r.  mm... 
<}■>  do    tooftol.  m.  Ti 

('hirica,tt.I>land*  PaeUe. 


BM. 


IH» 


MX 


IWX 


•JeiitrmloC 

<la  da 

io  S 

do 


.Istin.,  B«w.. 
in  coaaol... 

Id  mort 

eon.  COOT. 


An.  Dock4  tlBprore.  bonda. 
Mil.  A  SLFnl  l«t  ra.  Hj  P.  D. 
do  -  -J   -  - 

do 
do 
do 
do 
do 


AH. 


MoMi 


s  If  f  1 

to       ia.  4a     ia  ..BS 

da  A.  A  3.. 

da      X.C.IIK....J.AJ.. 

da  r«a4lMtc(,IMI... 

do  la      um... 

da  ll««kaa4a,J.*J.. 

da  do         A.*0.. 

Qaaar 
Oaaal. 


do     7^10  do. 

a  told,  R.  O. 
ai..LaC.O. 
M  m.IJk  M.D. 
lai  m.  I.  A  a.. 
lal  m.  H.  A  D. 
IMm.C.AM. 
lalCoaaol.  ... 
Mm.  do  .. 
Wtltcn  (Ink.  ttai. 
da  Ini.  hoada. 

da  eoaaoLb* 

SnTm  kda 
lataort.  . 
«a  W-cM-bdi 

do  nm.  to 

^lldlaad,  lal  Bocl.  k_.. 
>  A  CMcato  buadad.. 
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.t  MOwMkaaTlal  mort.. 
.**ILM«n,l*taM>n 
da  Mawrv. 

'.  iMVMB.ia,s.r 

A  Wntara.Mm.  , 
do  theaar 
lafoft. 


ll« 


lOH 


ta 


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anruRmaa. 


Bid. 


da   £«ML 

Bkadalalaad  te. 
•aaaCatelMada::::::. 


r, 
r. 

lu 
lu 

» 

I 
1 
I 

»-. 
itii 


ii' 


tu 
lii" 


llOH 

111 

IMS 

lio" 

M 
M 
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If 


Tol.  *  Wabuh,  l>t  m.  eitend 
do  do       I«tm.8i.L.dlv 

do  do       Umort 

do  do       eqatpm't  bd«. 

do  do       con.  convert. . 

Hannibal  A  Naples,  lat  mort.. 

Great  Western,  mt  mort.,  1888. 

,^_  do  Jd  niort„  I8M.. ,  ..„ 

QmncT  A  Toledo,  1st  mort.  1890l  SI 

ullnolaASo.  Iowa,  in  mort...    40 

Ijafareue,  Bl-a  A  Miss.,  in  m.   61 

gan.A  CenlralMlasonri.lnm.     ., 

Pekln.LlncolnADrcatar.lstm    .. 

Cln.,  Lsrayrtle  A  llilc,  1st  m      . 

Del.AUudronCanal,  Ijtm., Ill  .. 

do  do  1881:197 

n  do  do  IfiT", 

. .  I  Lone  Iiland  RR.,  lit  mort. . . . 

H;  Soulti  Bide,  L.  I.,  in  m.  bonds 

WTeatera  Union  Tel.,  Ut  m.  7i 


MN 


J'^ltf"'"*:!-* 

Ca«5.Tt.a..m.. 
MAHaaxOly.lata 
do         Mdt 


niBcrllaBeADB  Liat. 

iBrottri'  QuotaUom.^ 
rlTlaa. 

BolTalo  WaKr 

do      Park 

SUaabaUi  City,  dae  IS 

M  MM        MB 

Karark  citjT  7i ::!!::i:' 

Owweito 

PuoahlEFepHle  Water 

Rochester  t'lljr  Wati*r  bda.,  *J8 
Vookrrs  Water,  due  INS 

KAlURilAhr. 

Atchison  A  P.  Peak,  <s,  sold.. . 
Atlantic  A  Pacldo  L.6.  b,  (Id. 
AtchlsoB  A  Nebraska,  8  p.  c. . . 
Bar.  A  Mo.  RlT..  Mock 


lOlX 


BECraiTIKS. 


Oswego  A  Rome  78.  guar. . . 
60      Peoria,  Pekin  A  J.  Ist  mort. 
M      Peoria  &  Ruik  1. 7s.  sold  . . 
80      Port  Huron  A  L.  M.  7s.  gld,  end 
SIX         do                do     7a,  gold... 
—   Pnllman  Palace  Car  Co.  stock. 
US              do       bds.  8a.  41  h  series 
M      Rockrd,R.I.ASt.I..ln7s,gld 
60      Rome  A  Walertown  78 . 

Rondout  A  Oaweco  7b, gold... 

Sioux  City  A  Pacrilc6a 

Bomb  Paciac  88,  gold 

Bonthern  Minn,  construe.  88. . . 

do  7b .. 

.     St.  Jo.  AC.  BI.  I8t  mort.  108... 
I07K      do         do  Bp.  c. 

St.  Jo.  A  Den.  C.  88,  gid.  W.  U. 
do  do    88,  gld.  K.  D.. 

Bandaskj^ans.  A  Newark  78. 

Bt.  Louis,  VondaUa  A  T.  H.  1st. 
do  do  3d,  guar. 

8t.  L.  A  Bo'eastrm  lat  78.  gold. 

8t.lMAI.Mt.  Ark.Ur.)7a.  g. 

Boolbani  Cenlral  of  N.  T.  7s... 

OaionA  Logansport 78 

DmoB  Pacllfc,  So.  branch,  ts,  g 

Walklll  Valley  lat  7a,  golj. 

Weal  Wl8conBln7B,gold... 

Wlacooaln  VallOT  8s 


do 
do 


do 
do 
dj 
do 
do 
do 
do 
do 


Land  m.  78.. . 
»d8..do  la... 
MB., do  8a_. 
6tk8..do8a.. 
Ilk8.,dala.. 
6«lii..do«8. 
Craatoa  Braoch 
Ckarltoo  Broach 


mn' 


Bar..C.R.AII.  (M.dlT.),a.la. 
Cairo  A  Falioa.  in  7s,  gold  .. 
CaUf omla  Pao.  RR.  7a.  gold. . : 
^  do  la,  id  m., 

Coaada  A  Boathera  IM  7s,  go) 
OanlfBl  Paeiac  Ta.  gold.  eonr. 
Oaelnl  o(  Iowa  lat  bi.7b, 
_  do  do     M  m.  H, 

■aokBkA  M.Paalta... 

<>rtha»A  Bar.la 

OUoa/Peofia  A  Han.  ti. 
OM»/A>o»R.  Vallorla. 

iBSiitBtaad^aak: : : : : 


\i^h*^7^,i] 


MW^ 


:lii 


do      LaadCUMiA.A' 

da      "a  .    ,  of  l»- 

da      BoaraadaMaboau. 
TMiaiii6».ald...^... 


^ 


y 

'toii 

lold 

<*■.■ 


It 

sa 

106 
110 
110 
110 
110 

no 

117H 

n-x 

ss 

•) 

io° 

100 

a 
loj' 

101 

IIW 
lui 
iia 

108 


Bid. 


Aak 


■.aal„«aaaaL7a,nt: 

,  X«w  YotkAHawRaTa 

N.^  <aainl«a.UM 

■••'  f^iarr 

'  A  aa4aoa,  in  ■..'aaiaa: 

::;»«.  S-irrfa.Tk: 

m.tatMMfcXaaay 


.IM  men.   ^ 

jnardbrHo 
CMcMain. 
«a    »4m... 

ii^'.  waiani  A  0>,«aa.'ui 
L.  A  Ima  Moaldi.  Ma.. 


•oatharn  Kecnrltlea. 

iBrokgrt'  Qunttitunu.'f 

STATas. 

Texaa  state  la.  ■.'m.  ex  Int.... 
do  (a.  iwi.i.  cT  Int... 
do  7s.  gold,  ex  Int  . 
do  IOb.  uf  l!N|.  ex  Int 
do       10a,  iH- avion,  ex  Int 

CITIES. 

Atlaala,  Ga.,  7b 

do       8a 

Aatasla.  Oa..  7a,  bonds 

Charleaton  slock  <a 

Charleston.  S.  C,  lit,  F.  L.  bda 

Colombia.  S.  C,  Is , 

Colombos,  Ga..  7s,  twnda 

Lraehbargla    

MaroD  la,  bonds 

MamphlBold  bonds,  6a 

do      new  bonds,  la 

do      end.,  M.  AC.  RR.  ... 

Moblla  Sa.(coopa.  on) 

.  Ao     Sa,(coDpa.  on) 

Hontgomerr  Sa. 

HoabTUIaOa^old 

do       la.  n«» 
Kaw  eriaana  9a. 


do 

do 

do 

do 

do 

Norfolk  I 

PMoraba 


conaol.  6a  ..  . 

bonds,  7s 

goldii,  qaartarlj 

to  rallri>aila,'i6: ' 


100 
TS 

ii" 

M 

15 


60 

IS 
•0 

so" 

10 

i66" 

8* 
4» 


1? 


...    ^m  i..aion. lacmiwi 
illeA4>.0.l.  M.  I"  -  - 


■ss 

•1 

MM 

■*  m 

«•■ 

Sn!E 

5»      1 

1«      K. 

■ 

•• 

•••!!'»., 

I  eaaa, 
faaded  lot, 
■raff.atoefc., 
IW inn.  gld 7a 

r»Mr7i:-g's£!: 

•  Oal.  lal  a.,  lOa. . 
r.AH.  W.H,gld. 

Lfnela. ... 

r.  Jerrls  7a,  gold 


ftfi? 


'i4^..i. 


A  TCua       gold.. 

a.  A  Oalf  In.n.  ina. 

do        do         do   >a  n.  lOa. 

J.  Midland  lal  7a,  gold 

di.  Id7s.." 

T.  A  Osw.  Mid.  in  7a,  gold. 

do        Id  7b.  conr. 

West.  EzieDslon  7s 

< 'en,  MlddlafB  A  W.7a.. 

'  I  .  l-ac.  in  m.  gold  1 1-IOB.. 

,,  'In         Land  warrants  ... 

'lOmal  a  A  Soothwaatcra  KK.  ml 


as 
a 
u 

IM 

« 


org  6a.........  ,. 

BO  la 

"  7B,old 

_  --       7a.  new 

Wnnlnctoa.  K.C..Ia,gald.. 
do  do     8a,  gold.. 

ttstLatiADa. 
Ala.  A  Chatt.  lal  m.  8s.,  end.. 
Ala.  A  Teon.  R.  lat  mort.  7b. 
do         do         Mmort.Ta....    ... 

Allaatto  A  Oalf.  ooBBol W 

do  do   end.  6aran*b.   'A 

do  do   Block 1 

do  do      do    goar... 

Carolina  Ceniral  lat  m.ia.g.. 

CoDtral  Georgia  lal  mort.fi... 

do  conaol.  m.  Is. 

do  atuck M 

Charlott*  Col.  A  A.  lal  M.  78.. .    Ct 

do  do      stock 

Charleaton  A  Sarannah  la.  end 

Ik  A  Char.  Ist  m.li... 

A  l>arllngton7s 

Taui.A  Ororglala (7 

—  Teaa.  A  Va.  a,  end.  Tenn   70 
Teaa.  Va.A(ia.in  m.  7a...    81 

_do  do        stock M 

OoargUBK.7s M 

do  Block 70 

OnoBTlUa  A  Col,  7a.  guar W 

do  do    7a,  cerllf....    «» 

MacoB  ABmnawirk  end.7a...    87 

MaooB  A  Angaata  bonda 

do  do      endorsed.... 

do  do      stock 

Maapbla  A  Charleston  lat  7a.. 

•a  do         >d7a.. 

ta  do         atork  . 

M  A  LItlle  Rock  lal  in.. 

IpplCeniroi  !•!  ■■■  ;-  ..    II 

do  .    W 

MlBBtBalppI  A  T  80 

do  .1  -.10 

Montgomery  A  \\i-\  i'  i.i  <«.    80 

.  ~     oo  _  do  liieonie 

Mont.  A  Rnfania  lal  8s,  g.  end.    U 

Mobile  A  Mont.  8a,  sold,  end. .    10 

MoMIe  A  Uhlo  alerlTag « 

do  do      do    exeenlf   W 

do  do  a.  Interest « 

do  do  ad  mort.  88.... 

do  do  Block 

il.  OrteanaA  Jacka.  lal  m 

do  do    certiraa.. 

IT.  firleaiia  A  (>p4<loas.  In  m.a 

NkahviiifA  (  hsiianoagaa... 

Norfolk  A  I'elrrabarg  utm.Sa 

do  do  7a 

do  dn  2dm.  Ha 

ITortliaaaHMi.  B.  C,  lat  m.  M.. 

do  2d  in.  8a... 

Orange  A  A  lex  and  ria,  I  na,  a. . 

do  do  Ma,  a.. 

do  do  Ida,  a. 

do  do         4iha,  a.. 

Rlchn'd  A  Pelcrah'g  lat  m.  7a 

Rich.,  Pra'ksb-g  A  Poto.  ta. . . . 

do  do  ooov.Ta 

Bleh.  A  Dsnr.  lat  cunsol.  ta. . 

loaUialde.  Va.,  Iktm.a 

do  Sd  til.,  guar,  ta 

do  8d  in.ta 

do  Ith  III.  Ha 

Boalhweat  RR.  Ua.Iatm. 
a,  Carolina  UIL  lal  lu.  7a,  new, 

do  ta 

do  7b 

do  stoek 

Waat  Alabama  a,  guar 

r*ar  mia  cocpoxa. 

'eanaaaee  Bute  oonpona 

"  riaiaeoapooB 

JO      conaol.  coup 

iMaapUa  Citjr  coupons , , 


'»'  L    ' 

87  lITeaii 

"...n 

M   llMaa 


loo 

lf«X 

iwi 

■» 
at 
n 

M 

■n 

» 
■m 
m 

M 


« 

in 
n 

87 
•7 
» 

a 
ao 
n 

75 
71 
M 

a« 

la 

80 

u 


10 

u 

M 
t 
86 

a 

M 
II 

s 

a 

47 

■> 

w 

m 

47 
5 

n 
n 

80 
80 


80 

M 

« 

a 

• 

lU 

88 

» 

80 

i» 

40 

41 

M 

!> 

W 

•0 

184 


THE   CHRONlGLh 


[August  21,  1876. 


NEW  YORK  LOCAL  SECURITIES. 


Bank  Stock  lilat. 


COHPAHIIS. 


Marked  thui  (•) 
not  National. 


Par 


Amount. 


America*... 
American  Kxcbange, 

Bowery 

Broadway 

Haifa  Head' 

Batctaere  *  Drcvera . 

Central 

Cbattaam 

Chemical 

Citizens' 

Olty 

Commerce .  ... 

Continental 

Corn  Exchange* 

Cnrrencv 

Dry  Goods" 

iSast  River 

Kleventh  Ward' 

Fifth 

First 

Kourth  

Pnlton 

Oallatln 

German  Amerlcftii'. 
Oerman  Exchanue*.. 

Ge.'tnanta'  

Greenwich* 

Grand  Central' 

Grocers* 

Hanover 

Harlem* ...■•, 

Importers'  ft  Traders'. 

IrvinK 

Island  City  

Leather  Manatactm... 

Loaners" 

Manufctrcrs'ft  Build.' 

Manhattan* 

Manuf  &  MercliantB' 

Marine 

Market 

Mechanics  

Mech.  BkK  Aseo'tlon. 

Mechanics  &  Traders.. 

Mercantile 

nerchants 

Merchants'  Kx..,.  ... 

Metropolis'  

Metropolitan 

Murray  Hill' 

Nassau* 

NewYork 

New  York  Connty... 

N  Y.Nat. Exchange.. 

NY.  Gold  Exchange* 

Ninth 

North  America* 

North  River* 

Oriental* 

Pacific* 

Park — 

Peoples* 

Phenix 

Produce* 

Kepubllc 

St.  Nicholas 

Seventh  Ward 

Second 

Shoe  and  Leather 

Sixth  

State  otNew  York.... 

Tenth 

Third 

Tradesmen's 

Onion 

West  Side* 


VOU 
IW 
lUU 

29 

10 

•a 

100 

■a 

100 

ss 

100 

too 

lOO 

100 
lUU 
lUO 

■a 
as 

100 
lUO 
100 

ao 

50 
100 
•.00 
lOU 

',» 

25 

IK 
IIXI 
100 
100 
») 
5U 
100 
100 
100 
50 
100 
103 
10(' 
25 
50 
25 

mi 

50 
5(1 
100 
lUO 

too 

lOU 
100 

ino 

100 
100 
100 
100 
M 
85 
50 
100 
25 
20 
100 
100 

:oo 

100 
100 
100 
100 
100 
100 
100 
40 

so 
:on 


DiVIDBMDB. 


Periods,    ims 


8.000.000 

SJ)00.000 
2S0  1W) 

1,00 .,  00 
200,100 
800,000 

3,000,000 
450,000 
900,000 
KXI.OOl' 

1,000,000 
10,000.000 

1,500,000 

l.OCOUOO 
100,000 

1,1X10,000 
960,000 
200,000 
ISO.OOC 
900  OOU 

6  000,000 
MOJXIO 

1  SOO.OOO 

lOOO.OOO 
210,000 
200,000 
200,000 
100,000 
800,000 

1  000.000 
'100,000 

I  500,(100 
500.000 
100,0(0 

inw.ooo 

500.«Kl 

4fO,000 

2160,000 

300,000 

400,000 

1,000.000 

2,000.000 

500,000 

600.000 

l.OOil.OOO 

S..  00,000 

1,000,000 

500,000 

4.000,000 

3'J0,00C 

1,000,000 

3,000,000 

800,000 

500,000 

500,000 

i,500,oriO 

1,000.000 

400,0(« 

300,000 

428.TO' 

2,000,000 

4'.2,500 

1,800.000 

250,000 

2,000,(0) 

1.000,000 

300,000 

300,000 

1,000,000 

200.000 

2,000.000 

1,000,000 

LPOCOOO 

l,000,OOn 

1,500,000 

200,000 1 


J.AJ. 
M.&N. 
J.*  J. 
.) .  *  J . 
Q-J. 
J.AJ. 
J.&  J. 
J.*  J. 
ev.2mos 
J.&  J. 
IJ-F. 

.i:&  J. 
J.  ft  J. 

F.&A. 
J.  ft  J. 
J.  ft  J. 
J.  ft  J. 
J.  ft  J. 

jTft  J. 

M.ftN. 

A.ftO. 
F.&A. 
M.ftN. 
M.&N. 
M.ftN. 
M.ftN. 
J.  ft  J. 
J.  ft  J. 
M.ftS. 
J.  ft  J. 
J.  ft  J. 


J. ft.'. 
F.ft  A. 
J.  ft  J. 
F.&A 
J.  ft  J. 
J.&  J. 
J.  ft  J. 
.J.  ft  J. 
M.&N. 
M.&N. 
M.&N. 
.!.&  J. 
J.&,I. 
•l.ft  J. 
.1 .  &  J  . 
A.&O. 
M.&N. 
J.&.T. 
J.&  J. 
J.&.I. 
J.&.J. 
J.  ft. I. 
J.&  J. 
J.  ft  J. 
J.&  J. 
Q-F. 
J.&.T. 
,I.&.I. 
J    &J. 


im 


1 
11 

14 

8 
112-8 

8 

8 

7 
10 
20 


Last  Paid. 


Jnlyl,'T5...9 
May  1,-5.. .4 
July  I. '15.  .6 
July  1,15..  13 
Mch.l,'75..5 
July  1,  "75... S 
July  1,7.5... 4 
.In  vl,'75...5 
M»y  ;,  li.lS 
July  1,  "7.1..  .4 
Aog.2,";5...5 
Julys,  75.. -4 
July  6. '75... 4 
Aug.i,  75...5 
Julvl,'7l...4 
JnlvlO,'73...!i 
Jay  1, '75.. .4 
July  1.  7>.8X 
Julyi.75.2H 
Jai.  2.  -.5. .2 
July  1, '73,.  4 
May  1, '75. .-5 
Apl  10.'7.i..4 
Feb.l,'7l...8 
May  1, '74.. .7 
,M»y,  :,'73...8 
May  1,';5..1C 


Fbioi. 


Ju'yl, '75...5 
July  1. '75.. .4 
Mcf..l.'i5..4 
July  1, '75.. .7 
July  1, '75... 5 


F.&A. 
F.&A. 
J.*  J. 
J.&  J. 
J.&  J. 
J.&  J. 
M.&N. 
J.&  J. 
J.*  J. 
J.&  J. 
M.&N. 
J.&  J. 


12 
10 

..... 

10 

'.0 

7)4 
10 

9 


Inaaranee  Stock  Lint. 

(Quotations  by  K.  S.  UaiLXT,  broker,  65  Wall  street.) 


Amount. 


SS 


7 
12 
12 
12 
10 

7 

8X 


10 
10 

s 


uly  1.'75...6 
Feb.l2.'74.?X 
Jaii.l0,'75...4 
ABg>10,-;5..5 
Julyl.'73..3>« 
Jq1v1,'75.  ■ 
July  ;,'75. 
July  1, '75... 5 
May  i.'75....3 
May  i,'75,...6 
.May  l,'75,..4 
July  1. '75... 4 
.July  1,'75, 
Iulyl,'75.SX 
Julys, '75... 5 
AdI  1,':5.  .4 
May  l(j.*75..4 
July  1, '75.,  - 
Jan.  2,'75., 
Julyl.'75.3S 
May,  '73... 5 
Jan. 2, '75... 4 
July  1. '75  ..< 
Julyl,'74JX 
Julrl.'75...6 
Ann.2,'75...8 
Juy  1,'75...6 
]  ly  1.'75...5 
July  l.'75.3K 
Julyl3,'74..3>4 
Feb.  8, '75.4 
Aug.  9,  75 
Jan.  2. '75. ..3 
July  1.  '75..  " 
jQiy  1,'75.. 
Jan.  2, '75... 4 
May  10. '75..  4 
Jan.^■74.^xg 
July  1,'75-.  4 
July  l,'7.i...5 
M^y  1,'75...5 
July  1. '75..  .41 


iii" 

"\ib" 

m" 

111 

U'4 

ISO 
14SH 


Gas   and  City  R.R,  Stocks  and  Bonds. 

[QnoUtlons  by  Charles  Otis.  Broker,  47  Exchange  Place.  1 


Gab  Cohpakiks. 


Par  Amount. 


Brooklyn  Gas  Light  Co 

Citizens' Gas  Co  (Bklyn 

do  certiticates 

Harlem 

Jersey  City  &  Hoboken 

Manhattan 

tropolltan 

do         certificates 

do         b  n  :8 

Mutual, ».  Y 

Nassau.  Brooklyn 

do  scrip 

New  York    

People's  (Brooklyn) 

do  do       bonds 

Westchester  CouDtv 

Certificates 

Bonds  

WUllamsburg 

do  sc^n 


50 


Sueclcer  St.^t  l^ultonFerrif — stock 
1st  mortgage 

Broadway  «  Seventh  .4t>e— stock. 
1st  mortgage 

Brooklff'n  Vity—nlock 

I8t  mortgage 

Broadway  (Brooklun)— stock 

Brooktyji  it  Hunter*8  i^t— stock.. . 


2,000,000 
1,200,000 

300.000 
l,8.'i0,000 

386,000 
4,000,000 
8,f00,000 
1.000,000 

500,000 
5  000.000 
1,000.000 

500.000 
4,000,000 
1,000,000 

800,000 

456,0(X1 

53.000 

■i\.i«b 

1,000,000 

1,000,000 


Periods. 


A.ftO. 
F.&A. 
J.&  J. 
J.&  J. 
M.&8. 
M.  &S 
J. ft  J. 


Last 
dividend. 


Jnly, 
July, 
Apr., 
Feb., 
July. 
Julv, 


M.ftN. 
<}-F. 
M.ftS. 
F.&A. 


J.  ft  J. 
J.  ft  J. 
J.  ft  J. 


7 

|« 

7 

5 

8K 


Men.  9,  75 


July. 
July.' 


May 
July, 


Jnly,  '75. 


101), 


100 
125 
losx 

;.=i5 

9s 


Askd 


Adriatic 25  200.000 

.lEtna 100  200,000 

American 50  400.000 

American  Kxch'e..    100  200,000 

Amity 100  3i*i.a«i 

Arctic 20  2O(.00O 

Atlantic 5«  '200,000 

Bowery 23  310,000 

Brewers' ft  M'lst'rt    I'Xi  200.0(« 

Broalway '&  200,000 

Brooklyn 17  168,000 

Citizens'.  - 20  800,000 

City 70  210,000 

Clinton :00  250,000 

Columbia 80  800,000 

Commerce  Fire....    100  200,000 

Commercial 50  200.000 

Continental 100   1,000,000 

Kagle  40  300,000 

Empire  City lOO  '200,000 

Emporium lllO  aauKO 

Exci.ange 31'  200,000 

Farragut if'  200,000 

Firemen's  17  204,000 

Firemen's  Fund....     10  150.000 

Firemen's  Trust...     10  150,000 

Gebhard 100  200,000 

German-American    lOC   i,o«i,0(«' 

Germanla 50  500,000 

Globe 50  2011,000 

Griwnwlch 25  200,0(X1 

Guardian 100  800,000 

Hamilton '.r.  150.000 

Hanover 50  !0O,0(Xt 

Hofilnan 50  200,000 

Home 100  3,(00,1X10 

Hooc 25  150,000 

Howard 50  roO.OOO 

Importers'*  Trad..     50  200,000 

Irving 10(  200,000 

Jetierson 30  200,010 

Kings  Co.  (B'klyn)     20  isO.lXW 

Knickerbocker 40  280,000 

Lnlayctte  (B'klyn)     50  lr,(i,000 

Lamar..    1 100  200,000 

Lenox 25  150,000 

Longlsland(Bkly.)     50  200,000 

LorlTlard    25  300,000 

Manuf  ft  Builders'.    lOO  200.001) 

Manhattan 100  250,00(1 

Mech.&Trad'rB'....     25  200,000 

MfChanlcB'(Bklyn)     50  150,000 

Mercantile 30  200,000 

Merchants'  50  200,000 

Metropolitan SO  300,000 

Montauk  (B'klyn).     50  200,000 

Nassau  (B'klyn)..       50  200,000 

National TiH  200,000 

N.  y.  Equitable....     35  210,t»Xl 

New  York  Fire  ...    100  200.0(1(1 

N.  T.  &  ionkers..    100  200,000 

NIacara 50  .".00.000 

North  Klver 25  350,000 

Pacific 25  200.000 

fsrk  100  200.000 

Peter  Cooper.  ....     20  150.000 

People's 80  150,000 

Phentx  (ll'klvn)  ..      50  1,000,000 

Produce  Exchange    loo  S0(i.(00 

Hellef 50  200,000 

Republic 100  300,000 

KIcigewood 101  200(00 

Resolute 100  200,000 

Rutgers' 25  200.000 

Saleiruard 100  200,000 

St.  Nicholas 25  1.50.000 

Standard 50  200,000 

Star 100  200,000 

Sterling 100  '200.000 

Stnyvcsant 25  200,000 

Tradesmen's i    25  150,000 

(Tnlted  States  25  250,000 

W»Btche'tpr 10  2.50.000 

Williamsburg  City.'    30  250,000 


DiVIDXKDS. 


1871 


a,:'.7 

M.6U 

•8,'m 

MM 
19,486 
1(M,«M 

mijm 
7,ni 
iincns 
viija\ 
nurn 
rnsut 
v*fm 

41l,7.?7 
87,118 
m,6:> 
S'.6.601 
4:4,01 « 
118,968 

nxa 

•4,183 
10S,li64 
81,906 
•1,940 
19J)37 

898.751 

116,672 

325,224 

43jlXn 

129,796 

t829jC») 

90.663 

t885,281 

23,741 

l48,lin 

77,712 

14,861 

186,241 

174,612 

80,264 

121,817 

88,443 

79JK3 

169,447 

6r,28l< 

115,712 

187,759 

815,753 

122.479 

90,008 
161368 

36,756 
121,476 
234,314 

96,618 
3(0,985 
196,011 

20,529 
436,524 
126,6111 
390,139 
165,216 
'211,344 
138,708 
53«,22.> 

18,-.  00 

43,061 
101,008 

38,877 

30,441 
191,749 

90.3!I7 

61,403 
12'i,506 

78,!(K) 

71,077 
165,369 
153,M6 
246,825 
tl62.S60 

J56.690 


20 

is" 
■20 

14 

■X 
17 
10 
10 
11 
8X 
20 
10 

's 

8X 
5 

16" 
10 

\h'' 

12X 
28 
8K 
17  H 
10 
10 


3M 


1871  Last  Paid. 


10 
15 

7 
10 
10 
20 
10 

3 

7 

4 

20 
•20 

!0' 
18 

io' 

12 
20 
18 
iO 
14 
10 

5" 
9K 


10 

ISK 

10 

10 

12 

14 

10 
'10 


Fbiob. 


.10 


July  '75.. 
J.u.,'76..7 
July, '75.  .8 
July, '75.. S 
J  uly,  •75.  .4 
Juy,  •75.  .6 
Jul  J. '75.  .6 
lnn.-.7s.l5 
July,  16.  9 
Ang.,'75.10 
In  y.  "75.20 
,Iu!v'7'...-.0 
Aog.,'75.10 
July, '73.  to 
July, '75, 
July,  '75 
Jnly, '75.10 
Jnly'75..  6 
July, '7*. 15 
July, -75  .7 
'uly. '75.. 5 
Jnly, '73  10 
.Hilv.75.7M 
July, '75.. s 
July, '75, 
July,  "75 
Aug. .'75, 
July,*75, 
July. '76 
July. '75. 
Jan.,'75.25 
July.  '75. .5 
Julv,'75..!0 
July, '73.  5 
Ju  y,"73..6 
July, '75.. 5 
July, '75.  .5 
July,'7.5...6 
July, '76.  .6 
July,':5..5 
Mch.,T5..5 
Jnly. '75.1c 

July,  '75.10 
July,  TS.K 
July,  ".3.  .5 
July, '75.. 5 
July,  '75 
July, '75.. 3 
Jnly, '73.. 3 
July,  •75.. 7 
July, '75.10 
July, '75.  .5 
July, '75.. 5 
Ju'y, '73.1(1 
July. '73. .5 
JulT, '75.10 
Ju'  e,~5.10 
July,  '75 
luly, '75.10 
Aug  .'75.10 
Jnly.  "75.  .5 
July, '75. .5 
Apr.,  "75.. 6 
Ji.ly, '73.21 
Jnly, '71.10 
Ji.ly,'75.I0 
Juy,  75.10 
Jn?y,  '75.. 5 
July.  ';5.  .5 
July, '75  6 
Julv, '75.. 5 
Ju'y, '75..6 
July,  '73  .5 
Ane.,'75.10 
July,'75.7>i 
Auir..'75.  .5 
Juy.'75.(l.fi 
July,'75.7H 
Aug., "75  .5 
July,  -75.10 
iJnlv,  '75.10 
July. '75.. 8 
I  Aug  .'75.  .5 
Jn  y.  •75.10 


•7 
115 
140 
800 

to 

160 
110 
90 
102 

165" 

r.5 

86 
170 
IfS 
ISO 
'.50 
100 
100 
ioO 

90 
120 

m 

140 

90 
190 

75 
175 
'65 
110 
•200 
170 

80 
110 

'isfs 

160 
•200 
ISO 
US 

'85' 
90 

■fo' 

175 
105 


1^0 
820 

ITO" 
115 
97X 


180 

200 
140 


•5 
195 

80 
1S5 
133 
115 


95 
95 

110 
90 

185 


'  Over  all  nanilltles,  Includlni:  re-'nsuraiice.  capital  ind  i>rorlr  Hr.riii 
tstock  dividends  of  26  per  cent  by  the  Hanover  and  Westchester,  and  8i)  per  cent 
by  the  Home,  have  since  been  declared  out  of  above  net  surplus. 

City  Securities. 

[Quotations  by  Dakikl  A.  Hobas.  Broker,  40  Wall  Street.] 


July,   '751 


139     , 
I02hI. 


gage  bonds 1 1000 

...  100 

!st  mortgage 

ia        do         

CkrUtopher  <tJenthStreel—tlock 
Vtneylnland  tft  Brook'n — ist  mort 
Dry  Dock,  E.  B.  <t  Battery— stock 

1st  mortgage,  cons'd 

high  th  4l)«nu«— stock 

1st  mortgage 

42d  SI.  <t  Ornnd  St  ferry— stock.. 

Ist  mortedge , . 

Central  Crom  1  own— stock 

1st  mortgage 

ytnth  Avenue — stock 

Istmortgage 

Second  Avenue— stoc'i     

let  mortgage 

2d  mortgage 

3d  mortgaire 

Ci'.ns.  Convertible 

Htj-.ih  A.venue-  stock 

Istmortgage 

third  Avenue— stock 

irtt  mortgage 

2tctsnti/-tMra  Street— *tocK 


m.-.'t.'?tKM 


100 
1000 

50 
1000 
10.0 
1000 
1000 

10« 

1000 1 


900.000 

6'«,000 

2,100,000 

1,600,000 

2,000,000 

300,000 

•200,000 

400,000 

300,000 

1,161,000 

550.000 

600,000 

650  000 

307,000 

^•200,000 

900.000 

1,000,000 

203,000 

750,000 

•220,000 

560,000 

aio,ooo 

797,000 
167.000 
!,(99,50a 
850,000 
200,000 
150.000 
3'»'>,P00 
750,00c 
2.50,000 


J.  &  J. 
J.  ft  J. 
J.ftD. 
Q-F. 
J?ft  J. 
J.  ft  J. 

JV*"J! 


F.ft  A. 
M.ftN. 


J.  &  J. 
Q-F. 
J.ftD 
J.  ft  J. 
J.&  J. 
M.ftN. 
A.ftO. 


100  2,000,(WI 
1000    2,000,000 

100  600,000 
1100  i     120.000 


J.  ft  J. 
Q.-F. 
J.&D. 
F.&A. 
A.&O. 
M.ftN. 
.M.ftN. 
J.  ft  J. 
Q-F. 
J.  ft  J. 
J  ft  J. 
M.ftN. 


1880 
Jnly,  75 

1884 
May.'76 

1872 
Jnly,  75 

"isss" 


1882 
1890 


1877 
May,  '75 


July.'75 


M.iy,  '75 

1878 


71 
9iK 

io:"' 

160 
63 
85 


70 


85 
9iX 

135 
100 
100 


72S 


100 
65 


July,'75 

1877 

1876 

1805 

1888 
May. •75 

1S90 
May,   "i 

lf.90 
Jnly,'75 


96 


100 
146 
100 
100 
100 


Tlua  column  biiowa  last  dividend  on  f  Locks,  f^lso  date  of  ntk^vtitj  ot  bonds. 


Sew  York: 

Water  stock 1841-63. 

do        1S54-67. 

Croton  waterstock.  .1845-51. 

do  do        ..185'2-60. 

Croton  Aqued'ct8tock.l865. 

do       pipes  and  mains 

do       reservoir  bonds 

Central  Park  bonds.  .1853-57. 
do        do         ..1853-65. 

Dock  bonds 1852, 

do         1870, 

Floating  debt  stock 1860, 

Market  stock 1865-68, 

Soldlers'aid  fund 1863. 

do  do      1863 

Improvement  stock 1869 

do  CO     ....1869. 

Consolidated  bonds var. 

Street  Imp.  stock' var. 

do  do        :..var. 

N.^w  Consolidated 

Weatchester  County 

Jermy  vxty: 

Waterloan 1852.67. 

do       long ,. 

do        1869-71 

Sewerage  bond! 1866-69. 

Assessment  bonds... 1870-71. 

Improvement  bonds 

Bergen  bonds 1868-69. 

^rooJtlt/n— [Quotations  by  N. 
L(M;af  Im  provement— 

Cltv  bonds 

do        

Park  bonds 

Water  loan  bonds 

Bridge  bonds 

Water  loan 

City  bonds 

Rings  Co.  bonds 

do         do    

All  Brooklyn  bonds  flat. 


3k 


Months  Payable. 


Feb..  May  Ang.ft  Nov 
do  do 

do  do 

do  do 

do  do 

May  &  November. 

Feb., May  Aug.&Nov. 

do  do 

do  do 

do  do 

May  ft  November. 

Feb.,May,  Aug.ft  Nov. 
May  &  Novcn^er. 
do  dc 

do  dc 

do  do 

do  do 

do  do 

do  do 

do  do 


,  January  &  July. 

January  ft'juiy. 

do  do 

Jan.,  May,  July  ft  Nov, 


January  and  July 
BBKBa,  Jr.,  Broker,  2K 

January  A  July, 
do  do 

do  do 

do  do 

do  do 

GO  do 

do  do 

May  &  November, 
do  do 


1875-80 
1875-79 

1890 
1883-90 
1884-1911 
1884-1900 
1907-11 
1875-98 
1875-96 

1876 

1901 

1878 
1894-97 
1878-75 

1876 

1889 
1879-90 

1901 

1888 
1879-82 

1896 

1891 

1877 

1895 

1899-1902 

1872-79 

187^-91 

:906 
1674-1900 
W  all  St.] 

1875-«1 

1881-95 

1915-24 

1908 

1915 

1902-1905 

1881-95 

1880.<(S 

1375-80 


96 
101 
9« 

ll'2X 
102), 
•.09 

96 
102K 

97 
103 

loss 

107 
1(2 

•:oi 

102  S 

104), 

no 

U12K 

•io.> 

1  2 
106 

95 

9S 
10! 
102 
100 
;03K 
102 


101, 

1(6 

Ift. 

•.O.IH 

108 

:(2 

II  m 

1(-5X 
102 


97 
loix 

(•7 
108 
103 
110 
103 

97 
103 

98 
110 

ice 

110 

;o2M 
10s 

103 
108 
112 
,03 
lOS 
US 
107 


97 
106 
102 
101 
104 
103  ti 


103 

107 

UOX 

111 

109H 

108 

lOS 

io«K 

104 


Aagost  21,  18  5.] 


THE  CHRONICLE 


185 


Jnocstmcnts 


■STATE.  CITY  AND  CORPORATION  FINANCES. 

The  "  Inreatora'  Sapplement"  Is  published  reKuIuly  on  the  lut 
Satardajr  of  each  month,  and  famished  to  all  regnUr  aab«eribera' 
of  the  Chvohiclk. 


ANirUAI.    REPORTS. 

HiitlaBd  lUllroad  CoHpany. 

The  pmident  in  his  report  ssts  :  "  The  circumstjuieea  or  condi- 
tion of  sflain  that  led  to  the  Vufrtrestion  of  conaolidating  the 
Ratland,  Vermont  Central  and  Vermont  k  Canada  railroads,  were 
called  to  your  attention  at  our  last  adjoarned  annual  meeting.  A 
eonsolidatioa  of  these  roads  upon  fair  and  rquitable  terms  wss 
contemplated.  This,  for  a  timr.  quieted  contending  interests,  and 
reenlted  ia  a  preliminarr  aereeai>-Qi  (herewith  submitted),  ooosti- 
tatiog  a  basis  of  consolidation,  and  promisMl  a  saecesafal  issue. 
Sach,  we  hare  no  doubt,  would  liare  beek  the  re«ult,  had  the 
project  been  immediately  pursued  aud  the  exact  condition  of  the 
reoeirerabip  ascertained  aa>d  determined,  as  from  the  outset  it  was 
Bsderstood  that  it  altoald  be. 

•  •  •  •  "  At  present  the  receirers  and  mana;^ra  (ol  the 
OMtral  Vermont)  are  withholdioi;  all  rent  from  this  corporation. 
Yhe  amount  withheld  and  now  due  ns  is  $281,610  88.  Of  this 
amount  there  is  held  hj  the  Connecticut  river  and  Cbeehire  roads 
about  f  I40/)00,  which  will  in  doe  time.  In  all  probability,  be  paid 
into  jour  trsBSBry.  This  riolaiioo  of  contract  has  led,  aoder 
advice  of  eouaael,  to  •  demand,  in  writiDf ,  (or  the  posMMloB  of 
your  property  mmI  Is— d  roads,  which  was  antborisad  by  a  Tole 
of  TOur  dirsetom,  pawsd  Jaoe  18.  and  the  tailing  of  steps  for  the 
collection  of  reola  da*.  NotbioK  r-til  be  lelt  undone  to  protect 
your  Interests  in  tbU  >«apeet.  It  has  ben  remarked  that  the  out- 
iUUMitng  eonlraetn  o(  xht  teeelrera  aad  managers,  npon  which 
Ibaae  ftreat  losass  w«n  aeeralnK.  conid  b*v«  b«eo  eanesllad.  Your 
boani  had  by  tia  rcHm.  (hMewith  saboUtlMi).  of  Deeember  13. 
1874.  aad  May  13,  187S.  oftated  to  aeaapt  the  sorrvader  of  the 
Rutland  road  and  its  laaasd  lioi«,  and  l«  eaneel  the  contract  an 
der  the  tefoss  tharaof.  Tba  offer  was  aadssabjeet  to  the  approval 
of  the  stockholdsra  Tha  propoaition  not  havluK  bean  aecaptcd, 
you  have  aot  bsao  eallad  lof-ther  fur  definite  action." 

At  the  annual  maatUg  the  followiof  tasolntioa  was  nnanimons- 
ly  adopted,  tIx.: 

WbiraM.  The  dlrsElnt*  al  Ihia  coapanr.  oa  the  Mb  of  Jaae.  Hn.  bj  vote, 
dlieclad  a  as— a<  — <a  apea  said  ceedTw^  tarasaneadst  al  mU  tea4  and 
tnoftt  *»  i»e  tssiGSi  set  fttrtb  la  aald  TutJg  •  •  •  • 

JMM,  That  lbs  acttea  af  ear  i>-«r<l  of  flrtetnte  slrirsssH  Is  hsrsbjr 
amswid  aB<  inutimtt;  That  Ibsr  be  aiid  ih«r  Be  hsrabr  lasuaetsd  la  uhs 
SM  ya  sae  all  l«asl  ■■atama  la  neorer  ik*  last  aad  lbs  raat  dae  this  eoai- 
(aay.  aad  ler  raads  lag  attetaal  ih«  aaeoittMi  it**  Ihsssfer.  as  ««il  ss  10 

, ^  ^  jj^,  ii^j^  »a*i«all«  lasulasd.  by  ihu 

rttsbfwcb  of  *•  tmss  tt  asM  IsMa  by  said 


.0t4n.nno 


CHXDIT. 

Caah  received  of  Cheshire  and  Coonectlcat  River  Kailmads. . 
Dneand  oapaid,  not  indadiac  Interest 


aatAaea  •■isr,  mx  U  Itn, 


C3s|Mtal  liBSWa  SBsHasa. •#•■••••••> I 

Oapllal  ■task,  psaf^fsd 

BOISBSjabla 

IHvMaad  scrtp  ealataadias 

Bvdfmsai  beads,  1  par  esat 

Bfsifmaatboad^a  Bar  seat 

rust  BSftfMs  haads,  •  p«r  eaai 

Cuapaassf  Tparesat  sadtpCToeaL  buadsi 


■««..•.«> 


Total. 


RatlsadABvllBgtBa 
Oeapsae  sad  lalsreM  oa 

First  Bertpve 
laadli 


.  II.MOiaH  (0 
l.iAKOd 

.  i,nit«r« 

IMLinR 

ia.t«  CI 

»>.»IOM 


$70e.S98  3T 
»l,g69  S4 

Total (980,167  91 

Of  the  balance  on  rent  accoonts,  $48,489  la  doe  tu  iiockholders  In  the  Addi- 
son Railroad.  u'.  H.  Hatkh,  Treasurer. 


fsa  laooHa  asd  aauau  11  aaa  Ma 

■MtsaQscled , ..•• 

yiT«t  mattgfi  beads  iaii 

■sat  dae  to  1st  Jdly  aad  a 


.«•.••■•> 


tSM.ait  04 

tUSMOO 


GENERAI.   INVESTMENT    NE W8. 


Bleecker  Street  (N.  T.  City)  Railroad.— A  suit  has  been 
begun  by  John  M.  Harlow,  the  trustee  of  the  first  mortgage 
bondholders  of  the  Bleecker  Street  and  Fulton  Ferry  Railroad 
Company,  to  foreclose  the  first  mor'gage.  The  amount  of  this 
mortgage  is  $700,000,  and  the  company  made  default  in  paying 
the  July  interest  due  on  it. 

Chicago  Danrille  &  Tincennos.— Oen.  Adna  Anderson, 
receiveyf  the  Cbicaf;o  Danville  &  Vinceones  Railroad  Company, 
has  fileahis  report  fur  the  mootliH  of  June  and  July,  showing  the 
following  statement : 

BUHIUBT. 

Receipts  on  acconot  of  former  receivers (33,473  90 

Rectlpis  on  aocooot  of  Chicaeo DaovlUa  *  VlaeeBnes  Railroad...        I,U9S  83 
Receiplsforsaralngstor  June  and  Jn.]r 76,046  00 

Total ...(110,613  71 

Dlsbuncd  on  accoant  of  former  receivers (iS,M7  48 

t'zpeDscs  fir  June  and  Jnl; 80,960  88 

Balance  on  band 7,4t6  OS 

Total.  ..  (110,613  73 

— A  circular  to  bondholders  has  just  bean  issued  by  Mr.  F.  W. 
Huidekoper,  Chairman  of  the  Bondholders'  Committee,  from 
which  the  following  are  extracts  : 

"  Many  ot  you  were  indooad  in  November  and  December,  1878, 
and  in  the  early  part  of  1874,  by  false  rpprespDt«tions  of  the  con- 
ditinnii  and  liabilliies  of  tlie  C.  D.  li  V.  K.  K.  Co.,  to  iund  your 
coup  ics  into  '  C'erliticates  of  Indebtedaess,'  and  into  '  Convertible 
Mortgage  Bonds.'  Un  June  6,  1874,  there  had  l>een  conpuns  from 
3.497  bonds,  ou't  of  4.000,  tbns  funded,  and  the  probability  Is  that 
very  few  were  funded  after  that  time.  Some  of  you.  on  the  Ist 
of  February  last,  received  i>ayment  of  the  interest  warrants  on 
thaaa  eattifieataa  and  bonds,  and  the  company  defaulted  in  its 
payineat  to  others.  The  company,  on  tlie  Int  inst.,  defaulted  in 
the  paymani  of  the  whole  of  the  interest  warrants  due  at  that 
date.  By  tha  terms  of  the  agreement  made  between  yon  and  the 
company,  aad  embraced  in  the  certifleaies.  you  are  entitled  to 
reoeive  back  from  William  R.  Fosdick,  trustee,  the  coupons 
which  in  funding  you  originally  ga^e  up  to  him.  upon  a  sur- 
render by  you  of  the  C-ertlBcate  of  Indebtedness  or  of  the  Con- 
vertible Mortgage  Band,  which  you  hold.  Your  committee 
would  argoatly  advise  yon  to  immediately  present  your  certifi- 
cata  or  bood  and  to  demand  the  return  of  your  coupons,  that  you 
■ay  ba  la  tha  tame  position  in  which  you  were  before  funding, 
aad  In  which  the  holders  of  bonds  are  who  refused  to  fund.  The 
eaamittae  have  tendered  a  number  of  oerlificates  to  William  R. 
Foadlck.  who  refosed  to  surrender  the  ooupoiu  for  them.  All 
eerttfleatea  aad  eoovervible  bonds  should  be  preaAted  to  him, 
that  DO  aeqaieaeanee  may  be  given  by  you  to  his  pretended  right 
to  still  hold  yoiir  eoopona. 

"  Should  yoa  wish  to  have  this  committee  attend  to  the  matter 
for  you,  yoa  can  send  your  certificates  or  bood  to  T.  W.  Shannon, 
Treaeorer  of  C  D.  A  V.  R.  R.  C«  's  Commlttaa,  care  of  National 
Tfoat  Coapaoy,  201  Broadway,  New  York." 

Tha  dtealar  further  states,  in  substance,  that  tha  Court  In 
Cblaafia  vary  properly  refused  to  allow  the  receiver  to  apply 
a^ralaga  to  the  payment  of  Interest  due  on  the  certiticates  Aug.  1 ; 
that  tha  eooimltlce  has  been  allowed  to  intervene  io  tlie  Fosdick 
foraclosuia  salt,  aad  that 

"  Your  eommittae  are  endaaTorIng  to  obtain  a  decree  of  sale  at 
the  earliest  moment  possible,  and  are  using  every  exertion  that 
yoa  may  obtain  cnntml  of  the  property,  which  is  the  security  for 
yoor  bands,  and  which  by  honeat  and  efficient  manat^ement  will 
baooMa  moN  adsqoata  security  for  the  bonds.  The  committee 
alraady  bold  the  agreements  of  about  *1,500,000  ot  Illinois 
DIvtaion  IkmkIs — being  abont  00  per  cent  of  the  whole  amount — 
and  of  not  quite  one- half  of  the  bonds  ol  the  Indiana  Division." 

The  following  note  is  appended  : 

■•  N.  B. — The  chairman  ot  the  eommlttee  in  June  made  a  peraon- 
al  examination  of  the  lUcoon  Valley  (In  which   there   are  about 


IMal.. 


Oatstsadtim  ia „ . 

nnssMtpdttldaBM., 


«tsi,l«90 
4fl,7t4  00 


■sUp 


idaesadaapaldtefaaaary  1.  1W4 

Total  wat  fee  «%>te»a— lbs  toe  KnUaad  sad  ttslssssd  wads. 


$n»jBmto 
mttu  n 


TvMt.. 


tWMW-^Ma  of  grading  done)  and  of  the  Braiil  coal  fields,  and  he 
la  ol  tha  opinion  that  the  completion  of  that  portion  of  the  ludiana 
DIvlsiOD  from  Moot'suma  to  Brazil  would  add  largely  to  the  earn- 
Inga  of  the  road.  In  a  letter  from  Oen.  Anderson,  the  present 
reoelver,  he  says  :  '  I  received  your  letter  after  your  trip  through 
Racoon  Valley  in  Indiana.  I  am  more  and  more  strongly  impress- 
ed, as  I  beeome  Camillar  with  the  road  and  region  tributary  to  it, 
that  ita  aztaaaloa  to  the  Brazil  coal  fields  is  of  vital  importance, 
and  when  that  is  done  its  f  utore  snoeess  ia  assured. ' 

"The  committee  will  ba  glad  to  receive  from  you  any  suggestions 
which  you  may  have  to  offer,  in  regard  to  re-organization,  and  the 
furoishing  of  the  money  for  the  completion  of  the  road  to  Brazil, 
and  for  terminal  facilities  at  Chicago.  Address  the  chairman,  at 
MeadviUe,  Pa. " 

ChlcafO  A  Illinois  Blrer. — Morris  E.  Jesnp  &  Co.,  In  behalf 
of  tlie  Cbieago  &  Alton  Railroad  Company,  have  begun  a  suit 
against  tbia  company  to  close  their  lien  on  certain  first  mortgnge 
bonds  of  tha  defendants,  which  they  hold  as  Hecurity.  The  C. 
ft  A  company  has  advanced  largely  to  the  Chicago  &  Illinois 
River,  and  received  bonds  to  the  par  value  of  $700,000  as  securi- 
ty, and  these  they  now  wiah  to  Mil,  a«  their  adranoea  h»J9 
$KiM«T  t>  1  am  b««^  npaid. 


186 


tm  cHiioNlcLti 


[August  21,  15T5. 


Chicago  Milwaukee  &  St.  Panl.— The  World  say  a :  "  Tlie 
gHDeral  inortg&ge  of  1874  upon  tlie  property  and  franchiflea  of  the 
Chicago  Milwaukee  &  St.  Paul  Railway  »aa  executed  to  two  of 
tlie  compaoy'o  directora  as  trustees.  It  appears  that  some  of  the 
directors  were  opposed  to  having  directors  chosen  as  trustees,  and 
one  of  the  acta  of  tlie  fjresent  board  has  been  to  cancel  tlie  mort- 
(jrago  of  1874  and  execuie  another  in  its  stead,  with  the  FarniHrs' 
Loan  &  I'rust  Oompany  as  trustee.  Holders  of  the  bonds  out- 
staudin);  under  the  mortgajjo  of  1874,  leas  than  $1,000,000,  can 
have  them  exchanjied  for  booda  of  the  new  mortgage." 

Cllicngo  &  Soulhwesteril.— In  the  suit  brought  by  the  trus- 
tees under  the  first  mortgage  »nd  the  Chicago  KocK  Island  & 
Pacific  company.lesaee  and  guarantor  of  the  bouds,  to  foreclose  the 
first  mortgage  on  this  road,  the  United  Slates  Circuit  Couit  has 
reached  a  decision.  A  decree  of  foreclosure  was  ordered  to  be 
entered  Aug.  3,  and  an  order  made  appointing  E.  R.  Mason,  of  Des 
Moine.-,  Iowa,  master  to  sell  the  property.  The  Court  refused  to 
allow  the  petition  of  the  holders  of  the  Atchison  Branch  bonds 
against  the  granting  of  the  decree.  These  bonds  w^  a  first 
mortgage  on  the  Atehieon  Branch,  and  a  second  lien  on  the  main 
line,  but  were  not  guaranteed  by  the  Rock  Island  Company, 
though  the  holders  claimed  that  they  were. 

Detroit  &  Milwaultee.— Mr.  C.  C.  Trowbridge  has  Pled  his 
report  for  June,  closing  his  accounts  as  Temporary  Receiver. 
The  receipts  for  the  month  of  June  were : 

On  account  of  assets $36,580  40 

On  accon lit  of  traffic,  etc 301,142  4B 


Total $S)7,7-«86 

IJubilitiespaidofl $14B.131  4fi 

Working  expenses 68,721  37-^4,852  83 


Balince  on  hand in,S10  03 

The  excess  of  liabilities  over  assets,  June  30,  wa  a  $1,103,905  85, 
or,  deducting  $89,819  43  of  assets  classed  as  doubtful,  $1,193,- 
725  31.  Since  the  receiver  took  charge  the  liabilities  have  been 
reduced  $38,869  80. 

Erie  Railway. — On  petition  of  Hugh  J.  Jewett,  receiver.  Judge 
Westbrook,  in  Supreme  Court,  Chambers,  made  an  order  permit- 
ting the  execution  of  a  contract  whereby  the  interests  ol  the  Erie 
railway  company  in  Pennsylvania  coal  lands  shall  be  consolidated 
with  those  of  the  Shawmut  company.  In  the  petition  the  receiver 
sets  out  that  in  1873  and  1873  the  Erie  railway  company  became 
possessed  of  all  the  capital  stock  ofa  Pennsylvania  coal  Co.,  known 
as  the  Northwestern  Mining  &  Exchange  Co.,  which  cost  the  Erie 
company  $879,361  70.  For  them  Erie  was  to  pay  in  all  $1,094,- 
038  90,  and  has  actually  paid  $543,697  93,  leaving  a  deficit  of 
$550,303  97,  all  of  which,  except  $6,350,  is  to  be  paid  in  instal- 
ments, before  July  19,  1876,  under  penalty  of  a  forfeiture  of  the 
money  already  paid.  The  consolidation  is  permitted  under  the 
provisions  of  a  contract  whereby  it  is  provided :  (1.)  That  a  mort- 
gage is  to  be  executed  on  the  property  so  united  to  secure  bonds 
to  be  issued  to  the  amount  of  $4,000,000 ;  the  transfer  by  Mr. 
Jewett  to  the  consolidated  company  ot  the  Erie  interest,  the  entire 
stock  ot  the  Northwestern  Mining  &  Exchange  company,  to  wit: 
J5,000  shares,  in  exchange  for  $1,366,667  of  the  said  mortgage 
bonds  at  par,  sul>ject  to  the  payment  of  the  balance  due  on  the 
purchase  of  tlie  lands  of  tlie  Northwestern  company,  amounting 
to  $544,030  96;  the  said  Shawmut  company  to  receive  a  certain 
Dumber  of  the  said  mortgage  bonds  in  payment  for  its  interest  in 
the  mortgaged  premises.  (3.)  The  consolidation  of  the  Buffalo 
Bradford  &  Pittsburg  railroad  company,  the  Pittsburg  Buftalo  & 
Rochester  railroad  company,  and  the  Brandy  Camp  railroad  com- 
pany, (all  of  which  laciiitate  the  working  of  the  lands,)  with  a 
capital  stock  of  such  consolidated  company  amounting  to  $4,000,- 
COO  in  shares  of  $100  each,  wiiereof  23,990  shares  being  a  majority 
of  the  stock  is  to  be  delivered  to  the  Erie  railway  company,  or  the 
receiver.     The  consolilaled  company  is   also  to   guarantee  the 

Eayment  of  the  principal  and  interest  of  the  said  $4,000,000  of 
onda  of  said  Northwestern  Mining  &  Exchange  company.  (3.) 
William  D,  Shipman  ia  appointed  trustee  to  dispose  ot  this 
$4,000,000  of  bonds.  (4.)  Tlie  name  to  be  assumed  by  this  new 
consolidated  company  is  the  Pennsylvania  &  Erie  Coal  &  Railway 
company.  (5.)  The  proceeds  of  the  bonds,or  so  much  as  necessary, 
is  to  be  used  to  construct  a  line  of  railroad  to  furnish  an  outlet  to 
market  for  the  coal,  in  connection  with  the  roads  already  named. 
By  this  agreement,  Mr.  Jewett  claims,  great  advantages  will  be 
secured  to  Erie,  including  an  abundant  hupply  of  coal  for  the  use 
of  the  railway  at  reasonable  rates,  and  that  he  will  thereby  make 
the  best  disposition  of  thi^stock  which  Erie  at  present  holds  in  coal 
lands,  and  best  serve  the  interests  of  the  company's  stockholders. 
On  the  petition  and  the  consent  of  all  parties  who  have  appeared 
in  the  suit  in  which  Mr.  Jewett  was  appointed  receiver,  Judge 
Westbrook  made  an  order  authorizing  him  to  enter  into  the 
agreements  as  prayed  for. 

Mr.  Jewett,  receiver,  haa  filed  his  accounts  from  the  date  of 

his  appointment.  May  37,  to  June  30.  He  reports  that  he  received 
aa  cash  on  coming  into  poasesslon  of  the  company's  proporty 
$143,633  86,  and  that  at  the  end  of  the  five  weeks  he  had  |433,- 
403  09  of  that  kind  of  items  on  baud,  the  total  receipts  being, 
including  loans,  $3,193,008,  and  expenditures  $3  759,605  91.  The 
net  amount  of  loans  in  the  same  period  was  $470,000. 

The  following  notes  are  appendesl  to  the  figures  showing 
receipts  and  payments  on  certain  davs,  viz.: 

June  9.  The  receipts  of  June  9  include  a  loan  of  $300,000  from 
tlie  Marine  National  Bank,  and  the  payments  that  ol  an  old  loan 
of  $40,000. 

June  11.  Payment  of  $108,701  25  on  account  of  Buffalo  New 
York  &  Erie  railway  rents,  and  $105,000  Long  Dock  rents,  and 
receipts  from  the  Buffalo  New  York  &  Erie  railway  company  of 
420,156  50,  dividends. 

Jane  15,  Loans  liow  the  Fourth  National  Sank  of  $300,000, 


and  from  Union  Steamboat  company  of  (30,000,  included  in 
receipts. 

June  16.  Repayment  to  the  Fourth  National  Bank  of  $50,000. 

June  35.  Loans  paid  $10,000. 

June  39.  Loan  from  Bank  of  Commerce,  $150,000,  and  loan  paid 
$150,000 — a  renewal  of  a  note  merely. 

Haiiuibal  &  Central  Missouri.— Holders  of  the  coapons  dae 
May  1,  1875,  are  notified  that  ihey  can  receive  payment  on  presenta- 
tion at  the  office  of  W.  A.  &  A.  M.  White,  03  Broadway. 

Memphis  City  Finances.— The  following,  from  an  opinion  of 
Mr.  S.  P.  Walker,  attorney  for  the  city,  wo  quote  as  showing  the 
ground  which  ia  taken  by  the  authorities,  who  decline  to  recog- 
nize the  city's  liability  on  certain  bonds  : 

'•Of  the  $900,0(X)  of  pavins  bonds,  anthorizod  Jano  I.'),  1867, 1  think  $400,000 
were  void,  and  lliat  the  city  has  an  absolute  derfincc  a;^:iinst  them,  jj'">d 
against  any  holder  and  under  any  drenmstanc^s.  Tlfre  was  never  any  legis- 
lative auLtiiiritv  to  issiiti  but  $510,000  pavin;^  bonds ;  all  issued  over  and  above 
that  arc  void.  Of  tlie  $.5i)0,!)00  forwhicli  tliere  was  los:islativo  autliority. 
f36-\0O0  were  issued  at  par,  and  there  is  no  defence  ajjtiln-t  iliera.  The  lialance 
ol  tliis  1500.000  let-ned  bilow  par  stands  on  the  eamc  footing  with  the  other 
bonds  ist^ued  or  sold  for  less  than  par. 

"Second,  by  ordinance  of  .September  6,  lR6fi.  In  Lofland's administration, 
$2')0,0u0  of  funding  bonds  were  authorized  to  be  issued.  Under  this  ordinance 
only  tli7,000  were  issued.  Thus  the  matter  stood  on  April  IS,  18()3,  when  the 
ordmtince  was  passed  auiUorizlng  the  one  million  dollar  funding  i-^sne.  After 
the  passage  of  the  latter  ordinance,  Iicftwich  issued  *1, 1:15.000,  assuming,  it 
apiiesrs.  ihat  he  hiid  power  to  make  the  issue  of  $1,000,000,  and  also  to  i-sne 
the  balance  of  the  $1350,000  not  israed  by  Lofland  I  stronjly  incline  to  think 
he  had  no  such  power  ;  that  the  authority  to  issue  $1,000,000  was  at  the  same 
time  a  limitation  upon  his  authority.  'The  question  on  ht  to  be  made.  If  I 
am  riglit,  the  $135,000  overplus  issued  by  Lettwich  Is  void." 

Montclair  Railway. — The  various  interests  in  the  Montclair 
railway  have,  it  is  reported,  agreed  to  give  control  of  the  property 
permanently  to  the  first  mortgage  bondholders  at  once,  instead  of 
waiting  for  the  sale  of  the  road,  which  is  set  for  Sept.  11.  It  is 
necessary  to  have  the  approval  of  Mr.  Abram  S.  Hewitt,  who  is 
the  representatii?e  of  the  second  mortgage  bondholders,  and  Mr. 
Hewitt,  who  is  now  absent,  has  been  telegraphed  to  upon  the  sub- 
ject, and  his  approval  is  expected  at  an  early  date- 

The  basis  upon  which  reorganization  will  take  place,  in  the 
event  of  a  consummation  of  the  arraugemnnta  now  in  progre88,are 
substantially  as  heretotore  reported  in  theCiiiiOKiCLB,  v.  30  p. 501. 

New  York  &  Oswego  Midland. — Pending  the  foreclosure  suit 
John  Q.  Stevens  and  Abram  S.  Hewitt,  the  receivers  of  the 
mortgaged  property  of  that  road,  applied  to  Judge  Blatchford,  of 
the  United  States  Circuit  Court,  for  injunctions  restraining  the 
tax  collectors  of  several  towns  In  this  State  from  selling  the 
property  in  their  hands  as  auch  receivers,  to  satisfy  certain  State 
taxes.  Temporary  injunctions  to  tliat  effect  were  granted  and 
remained  in  force  until  this  week,  when  the  Judge  gave  a  decision 
dissolving  them. 

Paris  &  Danville. — This  road  ia  thirty-four  and  a  half  miles 
in  length,  and  upon  it  there  have  been  issued  first  mortgage  lionds 
to  the  amount  of  $1,190,000.  The  bill  sets  up,  that,  since  July  1, 
1873,  the  road  has  defaulted  the  interest  due  on  its  bonds  ;  that 
the  road  became,  and  is,  wholly  insolvent,  and  unable  to  pay  its 
inteiest  on  the  bonded  indebtedness ;  that  the  stock  has  declined 
in  value  till  the  same  is  substantially  worthless;  and  that  the 
earnings  ot  the  road  have  not  been  sufficient  to  pay  the  running 
expenses  of  the  same  under  the  present  management.  The  bill 
also  contains  the  charge  that  the  New  York  Loan  &  Trust  Com- 
pany, trustees  on  the  first  mortgage,  are  a  foreign  corporation,  and 
cannot  execute  the  trust  by  taking  charge  of  the  road  in  case  of 
default  of  payment  of  interest,  as  required  by  the  terms  of  the  trust 
deed  to  do,  and  are  without  legal  capacity  to  perform  any  act  by 
virtue  of  the  trust  deed  aforesaid.  The  bill  aska  that  a  receiver 
be  appointed,  and  that  the  road  and  its  franchises  may  be  sold  on 
a  foreclosure. 

Judge  Davis,  at  Danville,  III.,  August  14,  appointed  the  Hon. 
James  Eads  as  receiver  of  the  Paris  &  Danville  Railroad. 
.  Kockforil  Rock  Island  &  St.  Lonis.— This  road  was  sold  in 
Chicago,  Aug.  16,  under  the  decree  of  foreclosure  in  the  suit  of  the 
Union  Trust  Company  of  New  York.  The  first  bidder  was  Mr, 
Charles  W.  Hassler  of  New  York,  who  represented  the  American 
bondholders.  He  bid  $300,000.  Somebody  raised  it  to  $310,000, 
and  the  bidding  was  brisk  up  to  $300,000.  After  that  there  were 
only  three  bidders,  and  after  some  competition,  300  miles  of  road 
were  knocked  down  to  Mr.  Osterburg,  representing  the  German 
bondholilers,  for  $1,330,000. 

— Mr.  Hassler  says  in  his  circular  this  week  :  "We  do  not  advise 
bondholders  to  unite  with  the  purchasing  clitjue.  We  think 
bjndholders  will  do  far  better  to  accept  of  their  pro  rata  in  cash. 
Bands  numbered  from  1  to  5,000  will  probably  realize  about  $140 
each,  and  those  from  5,001  to  9,000  about  $45  each." 

St.  Paul  &  Pacillc  Railroad. — A  despatch  of  August  17  from 
St.  Paul  says  that  at  a  recent  conference  in  New  York  between 
the  chief  officers  of  the  St.  Paul  &  Pacific  Railroad  aud  a  com- 
mittee of  the  Dutch  bondholders  an  agreement  was  arrived  at  by 
virtue  of  which  all  pending  litigation  ia  withdrawn  for  a  year, 
and  if  the  agreement  is  ratified  by  the  principals  in  Holland,  two 
uncompleted  portions  of  the  line  will  be  pushed  forward  to  com- 
pletion— the  connection  from  St.  Paul  with  the  North  Pacific 
Railroad  at  Brainerd  and  with  the  Canadian  road  now  building 
from  Fort  Garry  to  Pembina. 

Toledo  Wabash  &  Western.— A  circular  letter  has  been 
addressed  to  the  liolders  of  the  seven  per  cent,  equipment  bonds 
of  the  Toledo  &.  Wabash  Railway  Company,  by  B.  F.  Ham,  Chair- 
man of  the  Committee  of  Bondholders,  asking  for  a  subscripiion 
of  $1  for  each  $1,000  of  bonds  held,  for  the  purpose  of  protecting 
the  interest  of  the  bondholders  "  under  the  probable  foreclosure 
of  the  second  consolidated  mortgage  of  said  company,"  and  also 
for  the  authority  to  take  such  steps  as  the  committee  may  deem 
advisable  lor  the  purpose  meuiioued, 


August  21,  1875. j 


THE   CHRONICLE/ 


187 


«5 1)  c  Commercial  €  i  m  c  g . 


I 


(.'OMMERCIAL  EPITOME. 

tRIDAT  NiSBT,  August  30,  1ST5. 

Tbere  baa  beeo  aome  improTrment  ia  tnule  the  put  week  mod 
inercttaiDg  iniJicationa  ot  a  good  autumn  bu^ioesd.  The  fall  of 
raio  in  tbe  Eaatfrn  aad  Middle  !i;aU«  bw  been  verj  tcr^**.  '°>) 
much  damage  baa  b«ea  done  b;  ll^oda  to  railway*,  iDterruptioK 
trannportatioQ  in  all  Jirecliong.  A  braak  in  the  E'ie  Canal  bag 
also  occurred  :  and  tbeae  miahaps  Uave  operated  as  a  cbeck  upon 
buainCM;  still,  tbe  general  lone  in  msreantile  circles  is  an  im- 
proTinir  one,  and  nlan/  eircumatauoea  leein  to  favor  an  early 
reTlral  of  trade. 

Tbe  speculation  io  pork  and  lard  baa  bean  fitfol,  but  yesterday 
tbere  waa  a  abarp  decline  ;  meas  [>ork  dosed  at  f  21  10  for  Sept., 
and  $31  13  for  Oct.,  and  prime  sceani  lard  fell  off  to  13}c.  for 
Sept.,  and  13{c.  for  Oct.;  tbe  decline  in  both  cases  waa  attributed 
to  ibe  lower  market  at  tbe  Weal.  Baeon  and  cut  meats  bare 
been  la  moderate  request  at  iull  pri>-es.  Beef  bas  remained  quiet. 
Butter  bas  latterly  been  rather  more  steady  for  fioa  grades,  but 
ebeeae  bas  remained  dull  at  10)  a  U^  for  prime  to  eboloe  fae- 
lorier.  Tallow  basadvanoed  to  Ul '/O^  To  day,  tbere  wai  some 
reeoTary  in  pork,  wbicb  closed  at  |.21  10  for  Sept.  and  Oct.,  after 
selling  at  ^'21.  Lard  opened  at  13  11  lOc.  for  Sept ,  and  ISfc  for 
Oct..  and  advanced  1-lflc.  on  these  fignna,  with  other  provisions 
quiet  and  nncbaa|^. 

Kentucky  lobaeeo  haa  ruled  firmer  bat  quiet  at  S^'^lOe, 
for  luga  and  13923c.  for  ieaf  ;  the  salsa  for  the  week  embraced 
400  kbd.,  of  which  800  ware  for  export  aad  100  for  oooaomption. 
Crop  aeeonala  are  eontradiclory.  Seadfatf  bas  continued  ia  good 
damaDd  aad  Arm  ;  the  sales  embraea:  Crop  of  1871.  70  eases 
Cbaaeclicot,  at  Itc,  crop  of  187:1,  <»  eases  do.  at  13c,  100  eases 
PenosylraniaataOe.,  300  cases  State  at  7Ml7e.,  58  cases  Wiscon- 
sin, at  Tic..,  i-M  eaaas  Bute.  10)  rji3.n  Oblo.  and  141  eases  (V>aaee- 
Meat,  en  prlvata  larma ;  and  crO|>  i  I  isea  do.,  on  priTata 

lafs ;  also  800  casfs  sundry  kiu<l<  .    Spaoiali   to>iaeco 

baa  baoa  qaiet — prlcaa  rather  easier ;  Miss  400  bales  HaTana  at 

Cofhe  bas  been  -in  good  demand,  aad  altboagh  arrival*  bav* 
been  liberal,  prices  have  advanced  fully  |e.,  and  lair  to  good  car- 
goes of  Itio  are  now  ciaoled  at  103S0)e.  gold.    Jav*  cofTes  ha* 
also  been  active  at  blgfaer  pric* ,  mats  qouled  at  3>i^^c.    Kiee 
baa  been  subject  to  epeeulatire  inflms— ,  but  these  have  sub 
sided  at  the  cloaa,  wilb  the  rriarn      '  tvorable  weather  to 

tbe  gruwiag  erop.     Mnlsasss  ban  b>-  ,>ricfl«  urrak  at  37  4 

3He.  for  30  teal.    Sagai*  have  been  luu-^......^- aciivM,  ani  pri 

atioot   steady:  fair   rallain|^  Cuba  7 
lUc 


1JM 


.....y 

,,  and  suadard  crushed 

Mstado. 


MWt 


*.ia» 


1M7< 

i.oai 


fpis  past  weak  «•.•! 

ip**t  seek 

»laek  Aa(.  l*.  !•)&. 

»la«aAa(.  M.  UM 

Wblakey  baa  beea  dnH  smI  cIosm  at  |l  3»9f  1  34.  Moseed 
oil  baa  ruled  lower  at  MQSSc  in  ca«ks  aad  barrela  Cruiie  sperm 
baa  beea  quiet  at  f  1  30  Cmrin  whala  baa  bean  in  fair  deoaaod, 
with  sales  of  501)  boU  Sntitli  S-a  on  private  tema;  aaoted  at  60e 
Menbadoo  lower,  at  Sic.  tor  pMiii-  Sjoad,  aad  3'iei  for  Malaa  oil. 
Flab  have  been  ia  (air  deman'i  and  steady.  IIkIxs  hare  ruled 
firmer  and  fairly  *<-*.^re:  'Iry  Oatrnl  Anarican  sold  at  30e.  |^ld, 
and  ci-y  -  irr>-acy. 

Tbe  m  s  <  lita  not  bsao  very  active  daring 

the  past  week  :  iktiii  room,  in  faci,  baa  bas  a  ralh*r  qnl'l,  and 
rates  sbow  a  malarial  talllag  off ;  cbaften,  however,  are  wlihnut 
(•rther  dodioa,  alihoogh  tbe  tone  is  not  ovar  and  above  steady. 
Late  aagagmueaita  aad  eaarters  include:  Urain  to  l.iTcrpool  by 
otsaia.  8(i9|4.;  iLnir,ts.8d.:  provi«ioasal&ja.(^)7*.  01.;  floar  to 
IxMtdnn  l>y  aail,  3*.  tdjgfim,  Tfi-i  raliaod  petraleum  to  Liverpool, 
5*.;  do.  to  tlie  llsltle.  (b.;  naihtba  !«&•>  don,  Oo.  Od.;  esse  oil  to 
Coranna,  3ic.;  do  to  OaianU.  i'ir.,  both  cold.  To-day,  there  was 
only  a  moderate  bwiaeos,  bnt  rates  were  aboiat  st»«dy.  <i rain  to 
Uvsrpool  by  steaai,  S'^'Hd  ,  and  cheoseat  S7sk  8d.:  grata  to  Ulas- 
gav  ij  atoaaa,  7|lMl;  floor  to  Londaa  hy  Mil.  3sl  Od.;  grain  by 
slaam  to  Loadoo,  8d.:  rsflaad  petroleaa  toCnuMtadt.  to.;  do.  to 
the  Baltic,  3a.  9jL^t$.;  do.  to  H.miUarf  or  Bremen.  4<.;  aapbtUa  to 
Loadoa,  4a.  M.;  eaae  oil  to  T»k'>Uamaatfi9^  .  gnU. 
^Fksso  have  besa  only  small  aale*  in  tL.-  f.ir  main,  but 

q^fatiaaaiaawla  aboat  siaadv,  with  a  r  -ivd  dxiriand 

at  the  doas :  seaMMiB  to  Mod  strain-*  «  .„.    Spiriu  tur- 

need,  at  31|983c 

steal.-  •   trie  dose,  wbsn  a 

decline  took  place  eoaanqoent  iiu'>n  the  oiutioaml  quietude  and 
tbefailareof  a  largeaxportini:  lv..i«".  Tbi.  r.-«ult.'d  inaalijfbtly 
batter  bnalasas;  spot  tfellvrrv  with  12/)00  bbls. 

sartor  BepHMboT  sold  at  life  .  alao  U  quiet,  but 

naebaaged  at  I4^6fe.  lagot  c.,!- .  .„  ■••m-r,  with  late  aalea  of 
900,000  Iba.  Lake  at  33{«.  aaab.  la  Amertcan  pit;  iron  tUeru  was 
a  reported  sale  of  '4AI0  Woa  at  Philadelphia,  on  private  terms  ; 
•pot  qooiel  at  |ailr<«97.  Stvap  is  scarce  and  flnaer ;  lalea  9U0  loos 
wn>achtat|aO9O08S. 


at  the  daa* ;  anaMMia  to  goad  stra 
aaatlne  haa  besa  gaaeiali7  aalat, 
BeBood  patralaaa  ranatM)]  ste: 


Sxporta  or  tieaaiua;  Articles  trout  New  Vera* 

Tbe  loUowiag  table,  compiled  Irom  Cu8tom  House  returnp, 
ebowa  lUe  exports  of  leading  articJBB  from  tbe  port  ol  Kew 
York  ainse  January  1,  1875,  to  all  the  priDcip.i1  foreijjn  countrleB, 
and  also  the  totaU  for  the  laat  week,  and  since  January  1.  The 
last  two  lines  show  total  ea/ueji, including  the  value  of  all  other 
articles  bnsides  thone  mentlnneH  in  tlie  mWe 

as  1^  fJ  "=  T-  €-     1^  L;  •;:  --.  -  ~  -  ■•  ^  «  *  -  ,  *  ^  ~  ■;  *  -.r  ^^  :a  Z  t«  ai     •  ^ 


3  4      "~.     ^'^         « ^  «  « 

—     jSSSS   ,2»t;^aD  => »Qp«r».5.-i woo   .o 


:  ?t  n  (M  ^   CO 


06 
W  00 


•  t  •  ■*  —  C  ^  .^  3  =•  y,  r:  a    .   c7  eo 


■  If  is  :  •:  i  iSISSS  J  :g|3    C  : 


Z3":- 
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hi 


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ii  is 


•ill  :  :  i  :  :  :2  •«  -S     :S"S  =808  : 


■  .  .0     o»«-«  .0  .  =  «   .0 

•   •    ■*    .3,  .—   .a        . 


:8SS 


3  : 


^5  ;  :  •  :S8558  .  :g  :SS8  .§  j  iSI^PgSggSSSg  ;  gg 
3*8rfi:-*-     -rf     -rf     •  erf-   ^yf  •  •    -•    ««f 


:  :  :  :  •  'S  :SSS   8  •  :S 

.  •  *  .   •   -S  .ook        8  •  ••0 
•  -rf  •-•-        I 

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S  Si 


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•S5SS:|::i|igg8HS=g5g=s|5Sg 


188 


THE  CHRONICLE 


[August  21,li75. 


i^  ftr  ImporU  of  Leaaipg  Articles  seepage  179. 

Reeelpts  of  Domeatlo   Produce. 

The  receipts  o(  domestic  produce  aiace  January  1,  1875,  and  (or 
the  Bame  time  in  1874,  have  been  as  follows  : 


Since 
Jan.1,'75. 


Ashea pi's'- 

Breadstnffti— 

Flour bbls. 

Wheat bash. 

Corn 

Oats 

Rye 

Barley  and  malt. 

UrasB  aeed.baes. 

Beans bbls. 

Peas bu!<b. 

C.  meal...  bbls. 

Cotton bales. 

Hemp bales. 

Hide* No. 

Hopa bsl 

Leather.  ..  sides 

Molasses 

Molasses 


..hhds 
bbls 


Naral  Stores— 
Cr.  turp .  . .  bbls. 
Spirits  turpen. 

Rosin 

Tar 


6,464 

S,  138,57 1 

16,619,793 

l.'),30«,l« 

»,  167,892 

9ii.4Mi 

1,17.1,  »li8 

Sl.dir 

140,427 

S:i7,844 

81.U90 

371,310 

1.720 

1,493,727 

8,271 

2,807,nb 

791 

88,707 

6,770 
41,f2S 

ssu.oi:) 

17,397 


Same 
time  1874 

6.926 

3,489,4% 

aii,727,7!)0 

■W,7lj9,.320 

5,964,51, 

446,08.b 

710,1.21 

35,134 

44,399 

331,651 

138,228 

587,109 

a,SOJ 

1,S02,597 

10.8751 

a,3:«,780, 

23^406 

3,724 

51,415 

316.449 

38.161 


Pitch 

Oilcake pkgs. 

Oil,  lard.... 

Peanuts;  bags. 

Provisions — 

Butter  ...  .pkgs. 

Cheese 

Cutmeats 

KRBB 

Pork 

Beef 

Lard 

Lard kegs. 

Rice pkgs. 

SUrch 

Stearine 

SuRar bbls 

Sugar hhds. 

Tallow ...pkgs. 

Tobacco    

j  Tobacco hhfis. 

Whiskey bbls. 

IWool bales. 

Dressed  Bogs . .  No. 


Since        Bame 
Jan.1,'75.  time  1874 


403 

142,034 

4,415 

40,024 

580,296, 

1,266,673; 

211,613 

299,714 

111.167 

n,846i 

181,059 

9,884 

13.419 


285,817 
1.3,6;JS 
50.595 
12.991 
10,704 

112.4!1 
82,155 

106,181 
41,864 
46.822 


8,685 
96,677 

2,('2j 
23,074 

5.%!,086 
1,120.599 

239,360 

3n,:iiJ9 
8:.6:i8 
16,r.2 

181,7.')9 
25,152 
13,860 

229,616 
14,631 

284 
23,390 

140,369 
79,787 

125,243 
51.785 

106.793 


COTTON. 

Friday,  P.  M.,  August  20,  1875. 
By  special  telegrams  received  to-night  from  the  Southern  Ports 
treare  in  possession  of  the  returns  showing  the  receipts,  exports, 
&c.,  of  cotton  for  the  week  endin^jf  this  evening,  Aug.  20.  It 
appears  that  the  total  receipts  for  the  eeven  davs  have  reached 
1,941  bales,  against  1,541  bales  last  week,  2.08ii  bales  the 
previous  week,  and  2.877  bales  three  weeks  since,  making  the 
total  receipts  since  the  first  of  September,  1874,  3,479,219  bales, 
against  3,804,727  bales  for  the  same  period  of  1873-74,  showing  a 
decrease  since  September  1,  1874,  of  325,508  bales.  The  details  of 
the  receipts  for  t  us  week  (as  per  telegraph)  and  for  corresponding 
weeks  of  five  previo  is  years  are  as  follows: 


KecelveC  this  week  at— 


Kew  Orleaoa  ... 

Mobile 

Charleston....... 

Port  Uoyal,&c.. 

Savannah 

Oalveston 

indlauola,  &c  — 
Tennesaee,  Ac, 

Florida 

North  Carolina.. 

Norfolk 

City  Point,  &o... 


Total  thlB  woek 

TotalslnceSept.l.. 


201 

7o 
153 

"m 

996 
IS 
83 
7 
12 

2S9 


836 
39 
599 

'639 

400 

6 

1,7S4 

8 

89 

813 

79 

5,292 


1873. 


1,259 

470 

1,5?J 

1,194 


3,031 

1 

148 

2,351 

32 

>       10,511 

I  3,603,124 


ism. 


201 

a 

201 

156 

1,131 

219 

"21 

490 
18 


2,472 
2,714.439  j 


3,219 
.131 

5  0 

743 

97J 

90) 
17 
139 

602 


7,630 
3,595,054 


934 
353 

1,183 

43") 

63 

1,911 

3 

126 

301 


5,S87 
2,894,233 


The  exports  tor  the  week  ending  this  evenine  reach  a  total 
of  5,074  bales,  of  which  1,435  were  to  Great  Britain,  2,691  to 
France,  and  94S  to  the  rest  of  the  Continent,  while  the  stocks, 
aa  made  up  this  evening,  are  now  89.483  bales.  Below  are  the 
exports  an  1  stocks  for  the  week  and  also  for  the  corresponding 
week  of  last  season. 


Exported  to— 

Total 

ti.li> 
week. 

Bame 
wee* 
1874. 

SCUCK. 

Weekendlnu 
Aug.  20. 

a.  Brit. 

France 

Gontln' 

1875. 
17,133 

1874. 

New  Orleans 

14.437 

Mobile 

• ... 

.... 

.... 

565 

4.0J5 

Charleston... 

.... 

Hll 

4,326 

. ... 

.... 

!,0i3 

611 

5,177 

Galveston  .... 

1,371 

2,263 

2,429 

New  rork... 

1,880 

2,(91 

943 

5.019 

5,871 

49,927 

71,4IU 

Other  porta*. 

53 

3,691 

55 

5,074 

552 
9,3.'>6 

16,000 

25,0^1 

Total  .... 

•-,435 

948 

69,133 

126,304 

Since  Sept.  I 

1,879,260 

854,447 

438,177 

2,072,184 

2.321,119 

.... 

.... 

•  The  export 

8  this  we 

jic  under 

the  head 

of  "  other 

porta  "  ti 

iclude  Iro 

m  Baltl- 

more  55  bales  to  Liverpool. 

LOP"  Our  telegram  from  New  Orleans  to-night  shows  that 
besides  the  above  exports  the  amount  oi  cotton  on  shipboard,  and 
engaged  for  shipment  at  that  port,  is  aa  follows :  For  Liverpoo', 
2,500  bales ;  for  Havre,  none  ;  for  Continent,  1,000  bales ; 
for  coastwise  ports,  500  bales;  total,  4,000  bales;  which,  if  de 
ducted  from  the  stock,  would  leave  13,000  bales  representing  the 
quantity  at  the  landing  and  in  presses  unsold  or  awaiting  ordera.J 

From  the  foregoiiig  statement,  it  will  be  seen  that,  compared 
with  the  corresponding  week  of  last  season,  there  is  a  decrease 
Id  the  exports  this  week  of  4,782  bales,  while  the  stocks  to- 
night are  37,331  bales  leas  than  they  were  at  this  time  a  year 
ago.  The  following  is  our  usual  table  showing  the  movement 
ol  cotton  at  all  the  ports  from  Sept.  1  to  Aug.  13,  the  latest  maU 
dates: 


PORTS. 


Kew  Orleans... 

Mobile 

CharleatOQ*  ... 

Savannah 

Galveston*  .... 

New  York 

Florida 

No.  Carolina,.. 

Norfolk* 

Other  ports.... 

Total  this  year. 

T»tal  last  year 


BBOBIPTS 
SIMOB  sapT.l. 


BXPOBTBD  SINOB  SBPT.ITO— 


1374 


873.    Britain.  France.  For'gn     Total. 


995.C08 
3:0,00  J 
441,618 
697,912 
361,497 
157,:40 
12.600 

loi.ir. 

409J12 
80.511 

3477,278 


1216,359 

296.1i7 

435,532 

611,149 

392,117 

198,669 

12.971 

53,180 

502,S83 

50,9.6 


Oreat 


S,=5,033 
86,815 
19!<,507 
263,678 
210,361 
371,912 

11,325 
63,62J 
83,505 


250,518 
8,150 
42,334 
36,(W) 
2496 
12,248 


Other 


153,170 
86,377 
84,279 

123,464 
10,967 
61,957 

ifsis 

3,583 
22,682 


1837,163 


1877,825      351,756     437,529 


363,679  I  610,716 


2811.563 


Coaat- 
wlae 
Porta. 


166.361 
19i,116 
189.839 
197,500 
146,042 

12'.666 
85.180 
342,153 


1156,220 


There  haa  been  a  very  irre^ alar  market  the  past  week.  Cotton 
on  the  spot  has  met  with  a  good  demand  for  home  consumption. 
The  "vacation"  at  Fall  River  continues,  but  many  other  mills  are 
starting  up,  and  there  is  need  among  many  spinners  of  immediate 
supplies  of  the  raw  material,  while  the  stocks  In  this  and  other 
primary  markets  have  become  much  reduced.  On  Wednesday 
quotations  were  revised.  Ordinary  and  Low  Middling,  and 
grades  above,  of  the  old  clasaification,  and  Ordinary  and  Middling, 
and  grades  above,  of  the  new  classification,  were  advanced  ^o. 
To-day  there  was  a  good  demand  for  export  at  firm  prices.  For 
future  delivery,  quotations  have  latterly  been  tending  down- 
ward, pursuing  a  course  just  the  opposite  of  spots,  and  the 
business  in  futures  has  been  below  the  average.  Crop  accounts 
as  interpreted  on  the  street  have  been  a  good  deal  mixed.  The 
weather  reports  to  the  New  York  Cotton  Exchange  indicated  too 
much  rain  ou  Sunday,  Monday  and  Tuesday,  but  it  subsided  on 
Wednesday,  and  the  general  impression  on  'Change  was  that  it 
had  not  done  much  injury.  Memphis  reported  on  Wednesday 
that  the  Mississippi  River  was  falling  at  that  point,  and  all  danger 
of  a  serious  flood  was  regarded  as  past.  Today  prices  were  again 
l-33@l-16c.  lower,  with  a  limited  business.  After  'Change, 
there  were  sales  at  14c.  for  August,  13  9-16c.  for  October,  and 
13  23-32c.  for  January,  showing  that  the  decline  in  regular 
hours  was  mostly  recovered.    The  total  sales  for  forward  delivery 

for  the  week  are  94,500  bales,  including   free  on  board 

For  immediate  delivery  the  total  sales  foot  up  this  week  9,095 
bales,    including  413   for    export,   8,544    for    consumption,    138 

for  speculation  and in  transit.     Of  the  above, bales  were 

to  arrive.     The  following  are  the  closing  quotations  : 


New  Clasalflcatlon. 


Ordinary per  lb, 

flood  Ordinary 

LowMlddllng 

Middling 

Elood  MlddllnK 

.Middling  Fair 

Fair 


Uplands. 


HX»... 

i3Ma... 

14  »... 

nam... 

15  •... 

15S,»... 

16X(*... 


New 
Orleans. 


12   «... 
ISX»... 

14X9... 
WX*... 

15k  a... 

i6xa... 


Texas 


13    ».. 

13HS.. 

i4Ha.. 

14X9.. 
15k«-. 

iska.. 

l6Ha.. 


Below  we  give  the  sales  ot  spot  and  transit  cotton  and  price  of 
Uplands  at  this  market  each  day  of  the  paat  week  : 


SALXS.                                     1 

PKluaa. 

New 
Clasalflcatlon. 

Eip't. 
200 

'203 
10 

Con- 
aamp. 

533 
1,181 
1,961 
1,'302 
1,941 
1.485 

8,544 

Spec- 

uia'n 

Tran- 

blt. 

Total. 

1,43; 

1,961 

1,'30S 
2,  46 
1.510 

Ord'ry 

Good 
Ord'ry. 

LOW 

Mldl'g. 

~13« 
13« 
ISK 
13X 
13« 

isx 

Mid 
dllne 

Saturday 

Uonday 

Tuesday 

Wedneadaj 

fhuraday 

Friday 

""4 

99 
35 

:::: 

111 

13K 
13X 

ISX 
13K 

UX 
14  K 
14X 
14X 
14H 

Total 

imI    .... 

9,095 

.... 

.... 

.... 

For  forward  delivery  the  sales  (including   free  on  board) 

have  reached  during  the  week  94,500  bales  (all  low  middling  or 
on  the  basis  of  low  middlia^i.and  thefollowing  ia  a  statement  of 
the  sales  and  prices  : 


17,471 
660 
3,649 
531 
2,031 
68,517 


2,140 
15,500 


For  August, 
balea.  cts. 

100 13  13-15 

100 13K 

100 13  15-16 

200 13  31-S2 

1,300 14 

300 14  1-32 

1,000 14  1-16 

8,100  toUl  Aug. 

For  September. 

1000 13  23-32 

3.000 13V 

2.OJ0 13  25-32 

4.500 13  13-16 

2,200 13  27-32 

1.600 13X 

1,100 IS  29-32 

15,400  total  Sept. 

For  October. 

8J0 13H 

1,300  la  n-3J 

1,700 13  9-16 

700 13  19-32 

5,800 I3S4 

1.900 13  21-32 

700 13  11-16 


balea. 
8.C00 

eta. 
.13  2332 

17,100  total 

Oct. 

For  Nov 

1,V00 

1,0110  

amber. 

!i3i7.^ 
.13  9-16 
.13  19« 

\i% 

.13  21-33 
.1311-15 
.13  23  32 

900 

100 

1,300 

600 

1,100 

200 

6,900  total  Nov.        1 

For  Dece 

300  ..  .. 
2,100  ...  . 

mher. 
.IS  17-32 

..13  9-16 
.13  19-32 

\i% 

.13  21-32 
.13  11-16 
.13  23-33 
IH 

l!f00 

8500      . 

2.100  .... 

1.400 

13,300  total  Dee.       1 

For  January. 
930 13  11-1!  1 

Dalea.  eta. 

3,100 13  23-32 

1,310 13^ 

500 13Zi-8J 

700 13  13-16 

2,100 13  27-32 

1,00 13« 

100 13  29-33 

10,000  totalJan. 

For  February. 

700 13  2:-S2 

4,300 13J< 

1,600 13  29-S3 

300 1315-16 

801' J3  31-33 

S'iOO 14 

1,200 14  1-33 

300 14  116 

200 14  3-32 

12,600  total  Feb. 

For  March. 

1,000 14  1-3! 

2.10O 14  1-16 

1,500 14  3-32 

100 UK 

700 14  5-a 

2,200 14  3-16 


balea.  ct4 

2(0 11  7-32 

900 UM 

200 14  9-32 

8,900  total  March. 

For  April. 

100 14  7-33 

1,900 UK 

100 14  5-15 

4110 11  1S-.12 

SOO 14K 

3,300  total  April. 

For  May 

900 14  7-16 

aw 14  15-32 

lOO.. 

100 

200 14  28-32 

200 14X 

2,300  total  May. 
For  June. 

500 14  21-32 

700 14  i;-;6 

100 11  16-16 

1.300  total  Jnne. 


;..  .14K 
.11  17-33 


The  following  exchange  has  been  made  during  the  week: 
17-32C.  pd.  to  eich.  100  Dec.  for  March. 

The  following  will  show  spot  quotations  and  the  closing  prioes 
bid  for  futures  at  the  several  dates  named : 


On  spot., 
August.. 


LOW  UtDDLIird  UPLAITDS— OLD  OLiSSIFIOATIOK. 

Frl.  Sat.         Mou.       Tuea.        Wed.         Thurs. 

14«  14«  143<  14« 

13  29-32      13  29-32      14  1-32       14 


14X 
14 


IJ^ 


Frl. 
11^ 


MIDDLING  tJFLAjn>S — KBW  OLASSIF lOiTIOK. 


135,16" 


*  Under  the  head  of  ChurleHnn  la  Included  Port  Uoyal,  &c.;  under  the  liead  of 
ffalrwtonls  lo«lud«d  IadUuiala,*c.;  nader  th«  lieadof  Sor/oiK  Ig  lacluded  Citj 
'Wlnti  Ac, 


On  spot 

September 

October  

November..... 

I  December 

January 

February 

March 

April 

May 

June 

Sales  spot 

sales  future... 

Gold 

£xcU«Ii<« 


14^ 

13  25-32 
13  19-.32 
13  19-32 
13X 
13X 

13  15-16 
J4>i 

14  5-16 
14  17-33 
14  13-16 
1.3  <3 
14.000 
113X 


14)i 

13  9-16 
13  9-16 
13  19-S! 
13  23-33 

13  29-33 

14  3-33 
14  9-32 
14X 

14  23-32 

lii 

20,000 

113K 

«,83 


18  21-32 
13  23-32 

13  23-32 
13<k 
1319-32 

14  3-32 
14  9-32 

yU 

14  15-16 

1,431 

18,300 

USX 

1,89 


14K 

li  3t-32 
13  21-31 
13  21-32 
13  11-16 

13  27-32 

14  1  33 
14  7-32 
14  7-16 
14  11-16 
14  29-32 
1,964 
15.500 
113  )< 


13  13-16 
13  19-83 
13  19-32 
13X 
•.3  25-33 

13  81-33 

14  5-33 
14  11-32 
14  9-16 
14  25-32 
1,206 
15,600 
113K 


UK 

13  25-32 
13  »-l« 
13  9-18 
13  9-16 

13  23-32 
13« 

14  1-16 
14X 

14  15-32 
14  31-32 
2,346 

14.700 

IISX 


14H 

13  25-32 
13  9-16 
13  17-32 

13  9-16 
IS  23-32 
13X 

14  1-16 
14X 

14  15-32 
14  11-16 
1.510 
15,500 
IISH 


Angort  21, 1875  ] 


THE  CHRONICLE. 


189 


t 


Wbatbkb  Hkfortb  bt  Trlboraps. — Oar  rvporta  to-night 
■how  ia  many  diatriets  a  leas  hopeful  feeling  with  rnfrard  to  the 
crop.  Still  it  ia  very  difficult  to  state  the  precise  purport  of  the 
adricea  ;  but  we  inclioe  to  the  belief  th*t  the  condition  ia  rather 
one  of  well-foonded  anxiety  aa  to  tie  tature  than  of  any  conaid- 
ermble  present  injury.  Dry,  warm  weather  ia  now  greatly  needed 
almoat  everywhere,  anJ  in  many  iiectiaM  ia  indiapensable  for  the 
realixaiion  of  former  hopes.  These  reinarks  apply  chiefly  to 
Alabama  and  the  Atlantic  States,  and  do  not  apply  to  Texas. 
Arkanaaa  and  a  eonaiderable  portiou  of  Louisiana;  parte  of  moat 
of  the  fint-mentioned  States  also  send  more  farorable  reports. 

OaiMtUm,  Teza$. — The  cause  of  the  large  receipts  this  week  is 
the  free  arrival  of  new  cotton.  The  crop  is  developing  promis- 
ingly, but  drouf;bt  ia  ooeaaionally  complained  of.  Most  aectiona 
had  welcome  rains  this  week.  Pickin|f  baa  began  in  the  low 
country.  We  have  had  rain  here  this  week  on  four  days,  the 
rainfall  reaching  one  indi  and  eleven  buodredtba.  The  ther- 
mometer has  averaged  83,  the  liigheat  being  92  and  the  lowest  74. 

Indianola,  Ttauu. — Delightful  showen  have  fallen  here  the  past 
week,  and  crop  accounts  are  incr<fasln|^7  favorable,  i  The  rainfall 
baa  reached  one  inch  aad  twenty-niae  handredtbs.  The  tber- 
noBSter  baa  averaged  78,  the  highrst  being  93  and  the  lowest  71. 

Coraieana,  Ttaat. — The  crop*  in  thia  section  continue  promis- 
ing. We  have  had  one  bard  rain  tbis  week,  the  rainlall  reaching 
two  iaehea.  The  tharmomelar  tias  averaged  79,  the  highest  being 
99  aad  the  iowaat  M. 

Jf*fe  OrUanu,  /.«wMaa«. — It  rained  oa  flv*  daya  the  past  we  k°, 
heavT  ibondcratorms,  the  raintail  aggiwatinjc  lour  inehes  and 
two  hoadredths.     Average  tbermomeMr.  W. 

BktmeperU  Louimana. — We  had  a  heavy  rain  last  Friday  after 
Ika  doae  of  my  report  aad  another  oo  Saiurdav.  tie  rainfall 
reaching  two  Inches  aad  sixty -one  huadredtba  The  nights  have 
eoatioDsd  cold.  Crop  prospecu  are  still  good  below,  but  the 
heavy  raiaa  have  apoiled  consiilmbte  cotton  above.  The  ther- 
mometer has  averaged  77,  tbe  hiirliest  being  92  and  the  loweat83. 

LUU«  Rofk,   /IrianMS.— We  hare  bad  toar  clear  daya  the  past 
week  and  rain  on  Saturdav  and  Tuesday,  with  a  rainfall  of  sixty 
aloe  bundntitha  ot  an  inch.     Tbe  lli  wiwialiii    has  avenged  "K, 
the  highest  belag  94  aad  the  lowest  00. 

Fi«fciftM>V,  Jfliriii^^C— Bain  baa  fallaa  here  oa  four  days  this 
wevk  wilb  a  rainfall  of  flva  Inches  aad  eiyhteea  hundredths.  The 
thermometer  has  averaged  76,  the  hi|^kaM  being  79  aadtbeloweat 
74. 

Coiumbru,  Jfimimtopi. — We  had  •bowars  the  early  part  of  the 
week.  Tlie  days  and  nights  have  beea  eool,  the  average  ther- 
mometer being  HI.  the  Ughast  89  and  tbe  lowest  73.  Caterpillar* 
have  crrtaioly  appeared,  aad  thuagb  the  Injory  done  has  beea 
UoUtcd,  much  damaga  ia  feared. 

MmAtUU,  roan/ase*.— There  were  foar  taiay  daya  hare  the 
part  week,  the  rainfall  reaching  oaa  aad  saraataea  hoadredths 
ladies.  We  are  having  loo  mach  rala ;  aaad  ifj  weal  bar  and  a 
late  Fall  to  aaeara  a  good  oop.  A veraga  tkanaoaaetar  13.  Ughast 
81  aad  loweat  ft4. 

MtmpkU.  rsaasisaa— Two  days  of  l*ia  past  weak  were  relay, 
the  rest  being  doody.  Tbe  rainfall  baa  reached  aevaaly  one 
handredtba  of  an  Inch.  We  are  baviag  loo  mach  raia,  aad 
the  weather  la  too  cold.  The  bottoaa  lands  along  the  river  are 
safTering  with  rot,  aad  tqaam  ar»  Ulgbting  badly.  The  ther- 
monieter  has  aTenigad  74,  tbe  highiwt  being  61  an<l  the  loweat  00. 

MMU,  Alabama. — It  was  ahowery  here  three  day*  and  rained 
severely  na  two  days  of  tbe  past  week,  the  rainfall  agKregatiag 
two  inches  and  algbtymaa  baiKtredlha  Crop  aoeonnta  are  leas 
favorable;  wo  are  bavieg  loo  aiach  rain,  and  the  aiirbu  are  too 
culd.  It  la  feared  moeb  daoiage  haa  boaa  doae,  as  rast  is  dsvelos- 
iag  aad  the  plaat  Is  safTeriBg  trum  rot:  sqMiaa,  bloona  aad  bolls 
are  reported  to  be  dropptag  badly.  Tha  alddlo  erop  promlssa  to 
be  poor.  There  are  ruaton  of  ouprplUan,  bat  we  do  aot  eoasider 
them  of  mach  laportaaee.  The  therawmatsr  has  avetagad  78, 
the  hlgbeet  beiag  89  aad  the  low-nt  W. 

ir«Nl!f«M«ry.  .dfatasMi.— It  ralne<l  hat*  aoastaatly  oo  four  daya 
M  the  week,  theralafall  reach inic  oaa  laah  aad  fifty  one  hua- 
Iredtbs.  Picklag  baa  beea  inirriiTHd  with  hj  tha  rain.  The  daya 
lave  been  warm  aad  tha  algbui  rnld,  tba  thannometar  having 
iveragad  78.  raagtag  between  47  and  9A 

SUma,  Almbmma.—09t  Helma  telegram  baa  blled  to  laaah  oa 
this  weak. 

Madtmrn,  Florida.— "Dtn  totel  raiaCUt  for  tbe  week  ia  two 
Iaehea  aad  twcaty-lva  baadredibs,  thaia  baylag  beea  two  rainy 
iaysL  PlaUag  ia  aetoally  gotng  oa.  thoagh  the  rains  came  loo 
'■<•  to  save  the  middle  erop.  Average  thermometer  81.  higheot 
•S  aad  loweat  77. 

JjJraeOTi,  OsergM.— We  had  6  re  raiay  daya  donng  the  weak. 
Tlie  tbermeaieter  averaged  78,  tba  highest  bdng  8«  and  the 

Inwnt  70. 

P'<'Wa.  Ossvyia.— It  laiaad  eoastaatly  oaa  day,  aad  on  four 
days  thsfa  were  daligbtfal  showers,  tha  ladiaations  being  that 
they  extaaded  over  a  wide  aarfaesL  Crap  aecoanto  are  more 
favorable.  Totel  rainfall  two  ami  iblrty-tve  hoadredtba  inchee. 
Awjilj*''"""*""*"'  "  hlifh'Hit  H«  aad  loweat  68. 

CWamfriM,  Otorgi.!  rt.ants  are  lees  favorable.     Rain 

Ml  oa  four  days  to  (  f  „n-  inA  aad  aeventy-elgbt  ban- 

drcdlbs.  Tba  thenoometer  iias  areragad  78,  tha  highest  being 
Maadtba  low«M«.  -■        «^  a 

SflawmsoA,  Oateyta,— We  are  having  too  mach  rain.  There 
were  four  rainy  daya  the  past  wp^k,  with  a  rainfall  ol  one  aud 
fifty-two  hundredths  tadMs.  The  d^s  have  been  warm  and 
tba  aigto   sold.    Thanaooster— higbeat   93.   lowest   71.  and 


Augwta,  Georgia. — Our  Angosta  telegram  has  failed  to  reach 
us. 

Charleston,  South  Carolina.— The  total  rainfall  for  the  week 
was  fifty-five  hundredths  of  an  inch,  rain  falling  on  five  days. 
The  weather  has  been  somewhat  cooler  and  rain  ia  still  needed 
badly.    Avenge  thermometer  81,  highest  89  and  lowest  75. 

The  following  statement  we  have  also  received  by  telegraph 
showing  the  height  of  the  rivers  at  the  points  named  at  3  o'clock 
this  afternoon  (Friday,  Aug.  20).  We  give  last  year's  figures 
(Friday,  Aug.  31, 1874)  for  comparison : 

^AuR.  tans.-,    ^Ang.  »l,^4.^ 

„      ,^.           _                                              Feet.  Inch.  Feet.       Inch. 

New  Otleaaa.. Below  blgb.water  mark. &  5  12           8 

XampUs. Above  low-water  mark SS  8  5           5 

NaabvUle Above  low-water  oiatfc 7  7  IS 

Sbrevapott...  Above  low- water  nark 11  10  19 

VIcksbnrK.....  Above  low- water  mark 40  10  10            0 

New  Orleaaa  reported  l>elow  high-water  mark  of  1871  until 
Sept.  9,  1874,  when  the  lero  of  gauge  was  changed  to  high-water 
mark  of  April  15  and  16,  1874,  which  is  6-lOths  of  a  foot  above 
1871,  or  16  feet  above  low- water  mark  at  that  point. 

New  Cotton. — There  have  been  some  arrivals  at  outports 
lately  of  new  cotton,  the  growth  of  States  which  we  have  not 
thus  far  reported.  Texas,  Louisiana  and  Alabama  we  have 
given  heretofore  as  telegraphed  by  our  oorrespondents.  The  first 
bale  of  other  States  have  been  as  follows  : 

South  Carolina.— The  first  bale  of  South  Carolina  cotton  was 
reeeived  at  Charleston  Saturday  afternoon,  Aug.  14.  It  was  grown 
by  Mr.  C.  T.  Dowling,  of  Barnwell,  and  consigned  to  Messrs. 
Wroton  ft  Dowling,  factors,  of  Charleston.  The  first  bale  was 
received  In  Charleston  last  season  on  the  33d  of  August,  eight 
days  later. 

Oeorgia. — The  first  bale  of  the  new  erop  Georgia  cotton  reached 
Savannah  July  80.  It  waa  from  the  plantation  of  J.  W.  Steten, 
of  Sutenville,  and  consigned  to  J.  W.  I,athrop  &  Co.  Last  year 
the  flrat  bale  of  new  Georgia  crop  was  received  at  Savannah, 
haa.i. 

Florida.— The  first  bale  of  Florida  Uplands  was  received  at 
Savaanah  br  P.  Diialynaki  from  Messrs.  Wells  &  Stellings, 
Oaineeville,  Fla.  It  was  :lassed  Middling.  Savannah  received 
the  first  Florida  cotton  last  year  on  August  7th. 

Mtmmppi. — Tbe  first  two  l>ales  of  Missia^ippi  c-ition  reached 
New  Orleans  Aug.  9.  One  was  raised  by  Jacob  Thorn,  a  freedman 
of  St.  Helena  Parish,  and  the  other  came  from  Unina  plantation. 
Both  were  eoodgaed  to  Messrs.  Meyer,  Weis  ft  Co.,  of  New 
Orleans.  The  flnt  bale  new  ctop  Mlssiadppi  cotton  reached  New 
Orleana  laat  year  August  13th. 

We  have  as  yet  reeeived  no  notice  of  acy  arrivals  ol  the  Ten- 
oeasen  or  Arkansas  crop.  Tbe  date  of  these  arrivals  would  tend 
to  indleale  that  tbe  crop  this  year  is  at  least  as  forward  aa  last 
ysar,  if  aot  a  little  mora  advanced. 

AoRictn.Tt.'KAi.  Burrac'b  Rvruiuts  roB  Anousr. — Below  will 
be  found  the  reoort  of  the  Agricultural  Bureau.  In  1878  no 
flgaree  were  laeaed  by  the  Bureau  in  the  month  of  August,  but 
tM  Aagast  acd  September  atetemenls  were  given  together,  the 
Sgaree  being  beaded  September  1.  For  oomparis<As,  therefore, 
we  are  eompelled  to  use  the  September  statement  for  that  year  ; 
we  likewlaa  Insert  the  S«>ptember  returns  for  1871,  as  we  can  find 
noae  for  Aogaat.  Tbe  following  are  tbe  averages  of  condition  as 
iriven  by  the  Agriealtural  Bureau  at  the  dates  named  below  : 

Asa. 

inC 


Vimlate 

KorthOareiiM.. 
SoelhcaroUaa., 


0«M«a. 
Pknda.. 


Hla^aippl. 
LoBlstaaa... 
Tezaa 


M 

« 

n 

104 


lOS 
101 


^- 

^ 

f^t 

'X. 

« 

18 

101 

» 

96 

99 

8S 

97 

86 

98 

80 

M 

90 

104 

78 

10* 

86 

98 

T5 

90 

86 

107 

80 

99 

8t 

111 

80 

88 

80 

101 

77 

106 

99 

108 

80 

87 

98 

96 

96 

n 

9t 

IM 

96 

Tvasraaaa  ...  

That  oar  roaden  may  have  l>efore  them  also  the  progress  of 
the  erop,  aeoordingto  the  Agricultural  Bureau,  each  month  of  the 
laat  two  seasons,  we  give  below  their  figures  of  avenge  each 
year  ap  to  Aagast  1st : 


OwMgU 

rtarfla 

Alfbama...  

Mtarinippl      ,    ,. 

Jaaa. 

91 

97 

»l 

•>• 
101 
100 

l.^aMana    ,, 

96 

Tfrzaa, ...     

96 

Arkansas 

90 

Tennr«««e -.. 

99 

UT6.— 

Jaly. 

96 

99 

97 

101 

101 

108 

106 

iS 

100 


-1874.- 


"A- 

Jane. 
89 

'SI 

84 

81 

88 

m 

80 

91 

M 

90 

•*• 

98 

8t 

98 

104 

78 

87 

10 

70 

78 

98 

9<) 

10* 

108 

15 

94 

lOJ 

90 

97 

Aw. 
95 
97 
94 
IDS 
90 
89 
88 
106 
88 
87 


The  above  is  intended  to  represent  tbe  condition  on  the  first  ot 
each  month  named.  Mince  Angiut  1st  this  year  our  readera  are 
familiar  with  the  surroundings  of  the  plant,  if  they  have  fol- 
lowed onr  weather  reports.  Last  year  after  AuitURt  !tit  the  effects 
of  the  drought,  which  had  even  then  in  some  districts  been  long 
eoatioaed,  began  to  manifest  themselves  more  plainly  and 
daddadly. 

Bills  or  LADtHO. — In  our  editorial  of  last  week  on  this 
subject,  we  referred  to  an  act  passed  by  the  Tennessee  Legisla- 
tare,  covering  the  points  there  discussed.  We  have  now  received 
a  copy  of  that  act  from  Mr.  John  F.  Whcelnm,  nl  the  Nashville 
Cotton  Exchange.  It  was  through  his  efforts  that  this  legislation 
waa  nrocured  in  Tennessee.  As  the  trade  ia  so  generally  inter- 
estoif  ia  this  subject,  we  give  below  the  act  in  XaU : 


190 


THE  CHRONICLE 


{August  21,  1875. 


AN  ACT  TO  IIICFINK  TUB  lUGHTB  AND  UlTTIKS  ANIl  KKIIUIATE  TUB  I.IABlUTIKa  OF 
WAKEIIOU8EMEN.    PAUTOItl*,   COMMON  OARIITBHS,  RTO. 

BboTiok  1.  Be  It  enacted  btj  th'  Utrural  A'lKttiMy  of  the  Slide  of  Tonnentef-. 
Thut  hereafter  in  tills  slHIu  iill  and  «v>;ry  person  or  pi'r»ou«,  flrnis,  coinpftules 
or  corporations,  who  shall  recclvu  cotlon,  tobacco,  corn,  wheal,  rye,  oatc, 
iieinp,  whiskey,  or  any  kind  of  produce,  ware?,  merchandise,  or  any  descrip- 
tion of  pursooal  property  whatever,  in  store,  or  undertake  to  receive  or  take 
c«ra  of  the  same,  shall  be  deemed  «  warehonseman. 

Sec.  2.  Be  It  further  enacted.  That  no  warchoiii"eraan  or  otlicr  person  shall 
issue  any  receipt  or  other  voucher  for  colton,  tobacco,  prain.  nu'rchtndis'f,  or 
propi  riy  of  any  kind,  to  any  person,  persons,  or  corporations,  for  money 
loaned  or  other  purpose,  unless  tuch  cotton,  tobacco,  grain,  merch!Uidii»e,  or 
property  aforesaid,  ehnll,  at  the  time  of  issiilni;  such  receipt,  he  In  cnstody  of 
such  warthouseman  or  otber  person,  and  shall  be  in  store  or  ujion  the  prem- 
ises and  under  his  control  at  the  time  of  issuit.j;  such  receipt  or  voucher. 

SfEc.  3.  Beit  further  tiiacted.  That  no  wareliouseman  or  other  person  shall 
Issne  any  second  or  duplicate  receipt  wbilo  any  former  receipt  for  the  ?amc 
or  4ny  part  thereof  »hail  remiin  outstandiuE;  or  nncancuUed,  wKhont  writing 
acrt)>s  lace  of  same  *•  duiilicate." 

Sec.  4.  Be  it  further  enacted.  That  no  wareliouseman  or  other  person  sliall 
sell  irt*  encumber,  ship,  transfer  or  in  any  way  remove,  or  pcmitt  to  he  removed, 
traiwferred  or  shipped  beytnid  his  control,  auvthinK  hereinb.  f>ire  meutioued 
for  which  a  receipt  shall  have  been  Riven  by  him,  without  the  written  consent 
ol  the  person  or  per(*on«  holding  such  receipt. 

8ec.  5.  Be  it  farifier  enacted.  That  no  master  of  any  vessel,  l)oat,  or  ajjont 
of  any  railroad,  transfer  or  tran  jiortatlon  comp  my.  or  any  other  jierson,  shall 
Blv.-any  bill  of  latlinsjor  other  voucher,  for  aiiycoitrtn,  tobacco,  prain  or  Drop 
erty  of  any  kind,  by  which  it  shall  appear  that  such  produce,  inerchaudisf.' or 
properly  has  been  siii^iped  on  boar*i  of  any  boat,  ritilroad  or  other  company,  or 
vehicle  oi  transpor  aiiou.  nness  the  same  shall  have  been  actually  received  in 
depot,  or  delivered  to  such  boat  or  other  vehicle  to  be  carried  or  transported 
as  expressed  in  said  bill  of  lading  or  other  voucher. 

!*Ec.  B.  Be  it  further  enuctcd.  That  the  aforementioned  receipts  of  any 
warehouseman  or  other  person,  or  any  bill  of  lading  given  by  any  boat,  rail- 
road, transfer,  or  tran.'poriaiion  company,  may  be  transferred  by  endorse- 
ment thereon,  and  any  person  to  whom  the  same  may  be  transferred,  shall  be 
deemed  and  taken  to  he  the  owner  of  Ihe  produce,  merchandise,  or  property 
therein  specified,  so  far  as  to  L'ive  validity  to  any  pledge,  l;en,  or  transfer 
made,  or  created  by  such  person  or  ptraons  ;  but  no  property  shall  be  deliv- 
ered except  on  surreni'er  and  cancelhition  of  the  said  ori;;iual  receipt,  bill  of 
lading,  or  other  vouciier,  or  tlie  endorsement  of  such  delivery  thereon,  in  case 
of  partial  delivery.  All  aiich  receipls  or  bills  of  lading  whicn  shall  have  the 
words  »«)(  n«£?o(i«W«  plainly  written  or  printed  thereon,  shall  not  be  subject 
to  the  prov'sions  of  this  act. 

Sec.  7.  lie  it  furtlier  enacted.  That  no  warehouseman  or  other  person  shall 
Idedgc,  hypothecate,  or  ne;;otiate  any  loan  upon  any  receipt  for  produce,  mer- 
chandise, or  other  property  to  a  greater  amount  than  he  has  actually  paid  or 
advanced  thereon. 

Sec  8.  Be  it  further  enacted.  That  any  warehouseman  or  other  person,  who 
shall  violate  any  of  the  provisions  of  this  Act,  shall  be  deemed  guilty  of  a 
criminal  otTense,  and  upon  indictment  an  i  conviction  thereof,  shall  be  fined 
in  any  sum  not  exceeding  five  thousand  dollars,  or  imprisonment  in  the  peni- 
tentiary of  the  State  for  not  m' re  than  five  years,  or  both;  and  all  or  every 
person  or  persons  aggrieved  by  the  violation  aforesaid,  shall  h-tve  the  right  to 
maintain  an  action  at  law  against  the  person  or  persons,  corporation  or  corpo- 
rations. \lolating  any  of  the  provisions  of  this  Act,  to  recover  damages  which 
he  or  they  may  have  sustained  by  reason  of  such  violation  as  aforesaid,  before 
any  court  of  competent  jurisdiction,  whether  such  person  or  persons  aforesaid 
shall  have  been  convicted  of  fraud  under  this  Act  or  not. 

Sec.  it.  Be  if  further  enwtt-d,  That  all  the  provisions  of  this  act  shall  apply 
and  bcapplicible  t"  liills  of  lading,  and  to  all  persons  or  corporations,  th  ir 
agents  or  servants  that  may  issue  bills  of  ladiiiij  of  any  kini  or  des  riptioii, 
the  same  as  though  the  words '■  Forwarder  ai.d  bills  of  lading"  were  men- 
tioned in  —  section  of  this  act. 

Sbc.  10.  Be  it  fur-th^r  enacted,  That  all  receipts,  bills  of  lading,  or  other 
vouchers,  issued  by  any  warehotiseinaii,  forwarder,  or  other  person,  boat, 
railroad,  or  other  transfer  companv,  as  by  tliis  act  provided,  shall  I'e  negoti 
able  by  endorsement  thereon,  in  blank  or  special  endorsement,  in  the  same 
manner  And  to  the  same  extent  tlitt  bills  of  exchange  or -promissory  notes  are. 
dEc.  11.  Beit  furthr  emcted.  That  no  printed  or  written  condition  or 
clan:^e,  which  may  in  any  way  limit  the  liability  imposed  by  this  act,  shall  hi; 
of  any  eficct  or  force  whatever. 

Sbc.  13.  Be  it  further  enacted,  That  whosoever  shall  buy  any  cotton,  tobacco, 
or  other  produce,  merchandise  or  property,  for  cash,  or  sliall  procure  an  ad 
vance  upon  such  property,  and  shall  sell,  hypothecate,  or  pledge  the  same  to 
another,  and  use  the  proceeds  thereof  for  any  other  purpose,  than  the  payment 
of  the  seller,  vendor,  or  parly  advancing  tliereon,  or  sliall  ship,  conv'ev.  or 
otherwise  make  way  with,  or  shall  deliver  to  another  any  such  cotton,  tobacco, 
or  other  jiroduce  or  mereliandise,  without  payment  to  said  seller  or  vendor,  or 
party  having  advanced  thereon,  shall  be  guilty  of  a  felony.  Upon  conviction 
liiercof,  shall  be  punished  by  a  fine  in  any  sum,  notover  five  thousand  dollar.*, 
or  imprisonment  in  the  ^tate  prison,  for  not  exceeding  five  years,  or  by  both 
such  fine  an  imprisonment. 

Sec  13,  Be  it  further  enacted,  Thut  if  any  merchant,  broker  or  warehouse- 
man, undertaking  to  execute  orders  for  the  i)urcha6e  of  produce  or  merelian- 
dise, shall,  with  the  intent  to  cheat  or  defraud,  draw  a  bill  of  exchange  noon 
his  principal  or  his  agent  for  a  greater  sum  'han  the  reasonable  cost  or  value 
of  such  ptixluce  or  merchandise,  with  reasonable  charges  thereon,  he  shall  be 
liable  to  all  the  pena'iies  contained  in  tlie  eighth  section  of  this  act.  The 
public  weifaro  requiring  it,  this  act  shall  take  effect  from  and  after  its  passage. 
Passed  March  ii,  1875.    Approved  March  23,  IS'5. 

Bombay  S  hipmknts. — According  to  our  cable  dispatch  received 
to-day,  there  have  been  3,000  ba'ea  shipped  from  Bombay  to 
Ureal  Britain  the  past  vyeek  and  no  bales  to  the  Continent, 
while  there  have  been  no  receipts  at  Bombay  during  the  same 
time.  The  movement  since  the  1st  of  January  is  as  follows. 
TUese  are  the  figures  of  W.  Nicol  &  Co.,  of  Bombay,  and  are 
broiighl  down  to  Thursday, Aug.  19: 


Visible  Sopi'i.y  ok  Cotton  as  Madb  up  by  Cable  and  Tele 
OBAPn. — Below  we  givt>  our  table  of  visible  supply,  as  made  up 
by  cable  and  telegraph  to-night.  The  continental  stocks  are  tlie 
figures  of  last  Saturday,  but  the  totals  for  Great  Britain  and  the 
afloat  for  the  Continent  are  this  week's  returns,  and  consequently 
broujrht  down  to  Thursday  evening ;  hence  to  make  the  totals  the 
complete  figures  for  to-nigUt  (Aug.  30;,  wo  add  the  item  of 
exports  from  the  United  8tatea,  including  in  it  the  ornortsof 
Friday  only. 

1675. 

Stockat  Idverijool 8SJ.OO0 

Stock  at  London 79,250 

Total  Great  Britain  stock 966,350 

Stockatnavre 182,500 

Stock  2t  Marseilles 6,750 

Stock  atUarcolona 77,750 

Stock  at  Uambttrg 11,360 

Stock  at  Bremen 37,750 

Stock  at  Amsterdam 43,000 

Stock  at  Uotterdara 11,350 

Stock  at  Antwea) a,oiio 

Stock  at  other  continental  ports 14,350 


1874. 

1878. 

910,000 

7»S,0UO 

115,000 

205,750 

1,015,030 

1,001,750 

163,000 

146,0* 

•    is.rio 

1S.7S0 

70,150 

4J.i»0 

21,3.'jO 

33.UO0 

43.500 

SOJMO 

t>3,000 

102,000 

35,000 

33,000 

13,00i) 

38,350 

35,000 

77,000 

477,750 

534,250 

1,503,750 

1,536.000 

43J.000 

87.5,000 

50,000 

59,003 

38.000 

70,000 

13(i,8'M 

116,895 

20,153 

16,307 

l.OOO 

Total  continental  ports 885,500 

Total  European  stodks 1,351,750 

India  cotton  afloat  for  Europe 518,000 

.American  cotton  afloat  for  Europe   43,000 

Egypt,  Brazil,  &c.,  afloat  for  Europe 29,000 

Stock  in  United  States  ports 89,48:i 

Stock  in  United  States  interior  ports  ...  6,635 

United  States  exports  today 1,000 

Total  visible  supply bales.  2,0:«,8«!           2,169,706          2,161,902 

Of  the  above,  the  totals  of  Americau  and  other  descriptions  are  as  fol- 
lows: 
American— 

Liverpool  stock 495,000 

Continental  stocks 189,000 

American  afloat  to  Europe 43,000 

United  States  stock 89,483 

United  States  interior  stocks 6,655 

United  States  expotts  to-day 1,000 

Total  American bales.  831,138 

Eoit  Indian,  Brazil,  <lc.— 

Liverpool  stock ;..  392,000 

London  stock 79,2.V) 

Continental  stocks 196,500 

tndia  afloat  for  Europe 518.000 

Egypt,  Brazil,  &c.,  afloat  29,000 


359,000 

320,000 

253,000 

331,000 

5(',000 

59,000 

136,804 

116,695 

20,153 

16,207 

1,000 

807,956 

738,903 

551,000 

476,000 

11.5,0P0 

305,750 

■235,730 

:iOO,2BO 

433,000 

373,000 

.38,000 

70,000 

1,-3«1.750 

i,4r,,ooo 

8(n,9o6 

736,903 

2,169,706 

3,161,903 

6«d. 

8%d. 

Total  East  India,  &c 1,314,750 

Total  American 834,138 

Total  visible  supply bales.  2,038,858 

Price  Middling  Uplands,  Liverpool 7  l-16d. 

These  figures  indicate  a  decrease  in  the  cotton  in  sight  to- 
night, of  130,818  bales  as  compared  witli  the  same  date  of  1871, 
and  a.decrease  of  133,014  bales  aa  compared  with  the  correspond- 
ing date  of  1873. 

The  considerable  reduction  in  the  atojk  at  London  this  week  is 
due  to  a  count  made,  which  showed  that  the  slock  was  actually 
about  23,000  bales  less  than  the  running  count. 

.MOVBMENTS   OP  COTTON   AT  TnB  INTERIOU  POUTS. —  BeloW  We 

give  the  movements  of  cotton  at  the  interior  ports — receipts  and 
shipments  for  the  week,  and  stock  to-night,  and  for  the  corres- 
ponding week  of  1874 : 

^Week  endirjg  Aug.  30,  '75^  r-Week  ending  Aug.  31,  '74.-, 
Receipts.  Stiipments.  Stock.  Receipts.  Shipments.  Stock, 


.—Shipments  this  week—,  ^-Shipmentssince  Jan.  I- 


Great 
Britain. 

1875 3,000 

1874 

1873 8,000 


Con- 
tinent.   Total. 
3,000 

I'ooo     g'ooo 


Great 
Britain. 
7S6,ono 
771,500 
635,000 


Con- 
tinent.   Total. 
404,000  1,190,000 
3ti8,6O0  1,110,000 
194,000      849,000 


. Receipts — , 

This      Since 
week.    Jan.  1. 
none  1,239,000 
2,000   1,304,000 
3,000      919,000 


Prom  tbe  foregoing  it  would 'appear  that  compared  with  last 
■year  there  ia  slU  itierease  of  3,000  liales  this  year  in  the  week's 
shipments  from  Bombay  to  Europe,  and  that  the  total  movement 
since  January  1  shows  an  inorease  in  shipments  of  50,000  baleS 
compared  with  the  corresponding  period  of  1874. 

Gunny  Bags,  Bagqino,  &c.— The  market  for  bagging  has 
been  moderately  active  during  the  past  week,  and  sales  here  and 
in  Boston  will  probably  foot  up  3,000"  rolls,  at  13}c.  Tlie  demand 
from  tlie  South  is  increasing,  and  the  market  closes  firm  at  our 
quotation.  India  bales  are  quiet,  and  prices  are  quoted  at  9|@ 
10c.  Borneo  Is  held  at  13Jc.  Bags  are  quiet,  but  prices  are 
steady  ;  440's  are  quoted  at  13t'al3c.  Butts  continue  very  firm, 
with  a  fair  demand.  Stocks  remain  light,  and  holders  are  firm 
as  to  price.  Sales  are  reported  of  about  1,000  bales,  landing,  at 
393  110c.  cash  and  time.  There  are  rnmoi's  of  large  saleS 
having  been  made  to  Mfive,  The  market  cloaes  firm  at "3  1-163. 
caab  on  spot, 


Angnsta , 

Columbus 

Macon 

Montgomery... 

Selma. 

Memphis 

Nashville 

Total,  old.. 

Shroveport 

Atlanta. 

St.  Loais 

Cincinnati 


63 
13 
9 
11 
17 
69 
.33 


34 

15 

1,270 

163 


£92 
592 
466 
399 
330 
2,008 
2,078 


217 
45 
30 
31 
43 
319 
147 


736 
131 
31 
37 
10 
503 


Total,  new. 
Total,  all 


213 

17 

15 

74 

646 

753 

965 


1,746 
8 
30 

162 
838 

1,038 
2,774 


1,035 


6,137 
1,006 
1,964 
530 
479 
6.300 
8,086 

S0,152 

m 

600 
2,900 
6,672 

10,515 
30,667 


The  above  totals  show  that  the  old  interior  stocks  have  dccreaned 
during  the  week  1,533  bales,  and  are  to-night  13,497  bales  less 
than  at  the  same  perloil  last  year.  Tlie  receipts  have  been  639 
bales  less  than  the  same  week  last  year. 

The  exports  ol  cotton  this  week  from  New  York  show  an 
increase,  as  compared  with  last  week,  the  total  reaching  5.019 
bales,  against  661  bales  last  week.  Uolow  We  give  our  usual 
table  showing  the  exports  o^  •cotton  from  New  York,  and  thfir 
direction  for  each  of  the  last  four  weeks;  also  the  total  ex- 
ports and  direction  since  Sept.  1,1874;  and  la  the  last  col  am  q 
I  the  total  tot  tU§  8am<)  period  o|  the  previoaa  year, 


Aagnst  21,  t&75.] 


Tfefe  '(5fflH?ficEfe 


M 


Bxportaoi  ' 


baleajiyoBiNeMr  V»rk  alneeaept.!,  I8T4 


■XroBTSD  TO 


U*«rpaol  

OIkOTBriUahFMU. 


r«lal  (•  Gt.  BrUaUi 


Ban* 

OUi«  French  pocU. 

1*(al  Vraaeh... 


dcaneaaad  Hanorv 

B«mban> 

Othar  porta ~., 

T*tal  to  N.  Barop«, 

•BiULOpartoAalbrdUrkf 

Talal  Spain,  it*. 


Oraad  Total. 


vnK  nmoM 


Jalj 
«. 


uo 


110 


4^1M 


Aag. 


6% 


800 


MC 


11. 


1i 


us 


Au. 
18. 


1.380 
tNl 


t.*; 


5,»n 


ToUl 

to 
date. 


38«,»9 
T,D3S 


373.10 
14.m 


lt,9» 

AIM 

18.»t 


St,MB 
10 

ss 


ij' 


Ml   '     &.0I9     4t;.13« 


Same 
periud 
prev'm 

year. 


438,033 


438.033 

t.B3t 

1.701 


?,631 

K.sei 
4.An 
UK 


4T1.IW 


Thet'illoiTioK  ar4  tba  racaiptn  ot  cuitOB  at  Mew  Yori,  Uotioo, 
Philaileluhtaaa<)  Btltfmora  tor  llie  U'ti  week. and  alnM  S«Dt.l.'74. 


!     aa*  Toaa. 


PBU.ADn.r'11     au-TiDOBa 


Na 

Tasa*   ..._... 

lavaaaak 

flortd*!".'.'.'.' 
ankCaftinna 
8'U  Garolloa 
ykgiala...  . 
Itarth'ra  Porta 
Twi ■■■>■,  Ac 
r«nl«a 


TMallklaraai 

T.ital'aaliwar. 


Thii 


Since 


Till. 


Uf 


Since!   Thl«     Sincr     Tbl>    SInre 
s>pi.lJj waak.  SapLI.,)  weak.  SepLI. 

'•, r.r'    ....    »!»i»''~7~r    ... 

4.184.       

lijl»  «,  l(i,7«S 


1,11  ' 


MaiPPi.Nu  Mavra.— 1  ur  mp-int  .>i  cotiualrom  ibe  UalMdHiale* 
tbe  past  week,  aa  per  mU*H  mail  ratoiM.  have  raaekad  9,319 
bale*.  So  lar  aa  tbe  SouikaiB  poru  ar* oooearaed , ihaaa  ara  lb* 
aame  atnortarnportad  itj  l«l«KTaph,aadf«b!i*b*d  ia  TatiCanOM. 
ici.R  laat  frlJar.oieept  ilalTaaton.andtb*  flyarea  /or  tUal  port 
are  Ibeatporla  for  two  week*  back.  WUb  r«|i*rd  to  New  York, 
we  ineUilatbe  maoifaata  of  all  Teia«l8«laar*d  up  to  Wadnaaday 
alelil  ft  till*  weak,' 
Kiw  Tnax  -To  Ltoeraaai,  pwlaaann  Tbe 
I-'  -'''t>QBMI0<(b*lleree7.  Ml 

To  '  lip  jc«94  4,  Stamlcf,  t.(  : 

T..  V  eiwonlaeTU. «.  .. 

T  ... (>ibello,«M. 


ToUI  bale* 


■,•1 


rmpoot.  per  euanMr  Abdlel,  '> 


Tl,.- 
are  as  :  _ . . .  » 

UTarpQol. 

New  Tofk |,3«) 

NewUtiaaM.  ...  I,»4 
TtMe ■ 


MOI 


M>r 


a  ear  asaal  fom 


UaTTa      Uanhars,  (iiaaM^L  Tan  Oraa.  Tola*. 
t.MI               4»             MO  ....  »0l* 

Un  «•  4,MB 


Telai «,T«  «JH  it  MB  ■*  t^l* 

Bolow  we  ifira  atl  oew*  raeairej  to  dikUof  dtaaMar*,  ftc,  to 
vaaaaia  carr/ht.;  eottan  (rooi  I7all>'<l  StaMS  oorta : 
NaTtei.  •Ir.fBr.l.  Joae*.  fynoi  Xr«  Tnrk  .taf  «Mr  LNamoal.  wklch  wa* 

•vrn  Wk  la  t.L  M  wtib  awchlnerr  dUaliM  !■<  piBaii«la«  aadar  «U. 

r  a'kad  LlTetpaol  19th. 
^r*TS  or  AUkaaaa.  alt.  (Ilr.>.  ruat.  froai  KaJfOftMai  (or  Llrerpool,  for 

■waa  tta»e  —ftb-iet.  oa  tke  bar  at  Pn*  tWOtiM,  —a  palled  off  Aac. 

l.i.aa<«iw>MradlB«lrt»  a/fdlwIiaii.laKtlaaiilaapait  W  barewf* 

11  wee  lupreeeuied  el  ?>»w  Oriaaae  tkat  ea  tta  akara  •We  Ikerawa*  aot 

a  >c«  ikaa  n  feetal  walor  aa  Iba  bar  at  klg^tMi. 

Oelloa  freiflita  tha  Tiaat  weak  hare  baaa  m  loltowa : 


•atanUf... 
Moada/... 
Tevdaf... 
Wadnxedar 
rbar«U».. 
rrlder  ... 
T.I  VKMPiior. 


Bpecalatiuo. 
waaUr 


Jieooisy     ..       Keoapk  ... 

M.— Bv  Cabui   mOM    LiTnt- 

■■»i\j  to-dar.     Halea  of  tlm  day 

'>00   bale*  wera   for  export  and 

Ot  Uk4Ay'»  KaSxa  il.iw*)  halaa  ware  American.    Tha 

at  la  Klren  ae  ftllowa  : 

f. 


1 


•  o 


"rttTHoot. 


•JO 

..    ituno 
..     »,«■» 

.MKIMO 


lis 
,fc,or 


Aac.  U.      Aac, ». 

3.an         uoo 
ii.oon         M4W 


itlixA 


AOM 

mTIooo 
4*&.oan 


or   Uhlrh      ,. .,_-... 

«<  whicb  epecalator*  took 

Tot-il  •locV 

of  whi'h  t m*»f1raa...]*' 
Total  iiner>rl»r  ihe  waak.... 

a*  wl>i<-kA:arrlcan.  

Actaaliixport 
AMoant  4a<>«t  -,., 

«C  wUJ>-ji  AiMelc*!'  ,^— .,  .  _- 

nefc>llu«ia«i»iM*wiii  fimwibadallf  rJ<Mla«prleaaof  eottoafottbcw.rk 
^M.    .^.     .      *»'".        jba.         Toc».    Vedaa*.      Thar*.  FtI 

MM'frptand*.  «7  1-«  ..•TTl^l    .  »T  l-H    7  1.13    ..MMS    ..ftl  l-M 

d«  (M«u«.  87  t-it  ..ta  t-M  ..Si  »-l«  T  l-M  ..t,tH       -VH 


». 
li.oon 

4,000 

Mt.aeo 

Ml  000 
I!t,fl00 

S«,ano 
sumo 


1,010 

u.cm 

ivi.rvo 

lAOOO 


BRE  ADSTUPFS. 

Fridat.  p.  M..  Au,-u?1  W,  IStS 

The  whole  market  early  in  the  week  was  quite  depressud,  bdt 
in  the  past  few  days  there  has  been  some  recovery  ia  tone  and 
prices. 

Flour  fell  off  fully  35c.  per  bbl.,  and  bids  for  commoa  to  good 
shipping  extras  were  reduced  to  $5  8536,  with  pretty  tree  sellers 
at  $6<i70  25.  With  parties  thus  apart  very  little  was  done;  b'ilt 
oo  WedneNay  sellers  obtained  tbe  advantage,  and  about  G.OOO 
bbla.  sold  at  10(96  10  for  good  and  $C  35@0  40  for  fancy  extras 
with  a  line  of  choice  straight  Minnepota  for  export  yesterday  nt 
%7  26.  Tbe  higher  grades  did  not  improve  on  the  lowquotalious 
which  were  made  tarly  in  the  week.  T:i-day,  dulness  and  de- 
pression prevailed,  with  sales  of  common  shipping  extras  at  l)o  85 
(i6  90. 

The  wlieat  mitrket  opened  quita  depressed,  with  sales  of  soft 
No.  8  Chicago  at  $t  25(!*f  1  37  ;  prime  do.  at  f  1  30@|1  31  ;  No.  3 
Milwaukee  at  |1  35,  and  No.  1  do.  at  i.1  41  ;  since  wliich  holders 
have  shown  more  strength,  and  the  market  proving  rather  tir'uor 
lor  Srptember  delivery  than  for  lots  on  the  spot.  Aiuber  Winter 
has  lold  at  $1  48  in  store,  and  choice  white  at  |l  GO  in  store.  The 
weather  has  continued  favorable  for  llie  new  crop,  except  in  llie 
Eastern  and  Middle  Stait^s,  where  exoeMive  rains  have  done  some 
damage.  A  break  occurred  on  Wednesday  in  the  Eastern  division 
of  the  Erie  Canal,  which,  it  is  stated,  will  require  four  or  five 
days  to  repair.  To-day,  the  market  was  unsettled  by  speculation. 
Contracts  for  August  were  settled  at  |1  33o£|l  35  for  No.  3  Chi 
cago  and  (il  36(9^1  38  for  Milnaukee. 

Indian  corn  wu  pressed  for  sale  early  in  the  week,  witli  trans- 
actions aa  low  a^73  i73o.  for  warm  mixed,  70^8c  for  steamer 
mixed  and  79(380c  (or  sail  do.,  but  there  has  latterly  been  a 
recovery  of  2@3e.  inui  these  pricei,  owing  to  a  very  brisk  demand 
which  the  decline  callrd  out.  There  is  a  scarcity  of  strictly  Cue 
Mmples,  and  a  choice  lot  of  mixed  yesterday  brought  SSc,  To  day 
the  market  wa*  quiet  and  price*  were  unchanged.  Rye  and 
barley  have  been  dnil  and  drooping.  Oa*s  were  freely  (-ret^sed 
upon  tbe  market  early  in  the  week  and  large  lines  o^prime  mixed 
In  store  were  closed  out  at  58(360c.  From  these  prices  there  was 
a  ttradual  recovery  on  the  reduced  offerings,  asd  yesterday  there 
wa*  a  fair  buaine**  at  63<303c.  Stocks  ara  pretty  full,  but  the 
supplies  comlog  forward  are  much  sr<jkllt'r  than  last  August. 
White  oat*  have  been  rcsice  and  firm.  To-day  there  was  a  mod. 
•lale  btuines*  at  83@ft4c.  for  No.  2  Chicago  in  store  and  afloat. 
The  (ollowing  ara  closing  quotation* : 
iri.otni. 

Ho.! •_bb:.|4  tsa  * 

•apertaa  Slat*  A  wast- 

5isa  BOO 


S  MO  •  30 

««0  740 

«»A  8  » 
(MO  t  8B 

700O  800 


Uaint. 
Wheat— No.8)priaK,  boib.tl 

Wu.lsprlLK 1 

No.  1  >i,rlnK ..     1  4: 

"  -^  " ..    1  M( 


Bed  Weilarn.. 
Amber  do. 


era 
IxtraMute,  Ac.f..... 
W**UrB   8prlD(   WbiMI 

extra* 

deXXaadXrX. 

dowlatet  wbeatZaad 
XI .... 

Stv*ki»alacaztra«..  .. 
IT    trade  and  faallj 

btaod* 

•oaihei  a  baker*'  aod  fa- 

■llroraad*      7  flA  1  *B 

•oaib*n*hlp|i'f  aslrM..    •  40V  7  to 

Sja  ioar,  (apirln* B  Ooa  0  lo 

ObraB*a(-W«*i*ni.  *c.    ark94*B, 

Oora  isMl— BTwIa*.  Ac.   4  TbS  4  (^  I  P*a*-Caaada. 

Tha  movement  In  breadslaO*  at  thi*  market  has  been  as  fol- 
low* : 


Whiu. 
Coni-We*temBilz*d .. 

White  Westtra, 

Tfcllow  WaiKn 

SoBtkerB,  yallaiw 

Rjra 

Oat*— Black 

Mixed 

White    

Barley— Wraten 

Canada  We«t 

Bute. 


Plaor.bM*. 
wheal,  bfl 


WhaaLbaa-lAULW;  It 
Oan,  -^"mSmmt  13 
Rr*.     "^     Cms 

Sarler  "  .  M»  I 
Oaia  ...**  .      ea.4M    B 


BBOairTSlT  SBW  TOBK, 

. liTB. .        Sloe*    , 1«7». , 

for  the     HiDce         Jan.  for  It  e     Since 

week.     Jan.  1.      1.  !«74.  week.     Jan.  1. 

7«.ain  *,it«.s:i  i,48».4(M  4t.4&3  i,)7i.on 

ifilt        St.'jVa       13H.M8  Ml*       1 10.  J98 


Il,<l9.ia8  M,7f7.7aO  879,55*  It.BM.TM) 

IA*a«.U3  10,1«.JB  ISI.BM    saoi4I7 

9<l.4««       44«.0n  17,311        137.477 

.173.  M8      7I0.M>  ./..             no 

ea.4M  B.i&;,.wt  s,M4j«i,    tjm      n.-M 


BxroaT*  raoa  usw  ronk.— — . 

. 1874. , 

Fertile      Slnfo 

week.      Jan.  1. 

St«M    t,40«,ttl 

3.7*4        ir.lBO 

8n«l.li.M  Jl.tSn.T^O 

I4S,74«  14.64  «.47« 

1,737       Ma.788 


086 


7^036 


The  following  Ubie*  (bow  the  Graia  In  *ight  and  the  mov*. 
ment  of  UreadstulTs  to  the  latest  mail  dates  : 

AKCKIPTI  AT  I.AKB  AKD  RITRR  PORTS  FOR  THB  WBK«  BlfDWa 
A0OU8T   14. 


Floor,     Wheat, 
hh  n.       ba*h. 
At—  (JUSlb*.)   (60  the.) 

OMcaco ^..^     M.4SI      «68,011  . 

Bllwaaks* tS,4«4       311.787  18.770 

TWado. ..       1.041       IlllW  8«,*"» 

DalmH. 6311       16«.BiW  1,17* 

CtoveUad. t.«l<»      »,8fl0  13,610 

•CLeala M,tlO      34J1M  M.MB 

Paoria. I.SOO         6,860  346,9m 

Datalk ...       3.gA«      88,880  .... 

Tout 81414    1.101.038  UW.W1 

Prsvtoaaweak. 7S.I70    l,3»4..-09  1.044,S8» 

OnfTe.i.'ngwe«k.*74.     «3,8.%7    I.«r..t(ii  l.-,TI.-.',s 


Com,  C)*!*,  Barley,        Kve, 

boeli.  biioh.  biieh.        biiflh. 

(!)6lh».)  (3»Ib».)  (481hic.)  (BOIbii.) 

C3a.u;  it»^vt  i&,800     io,.5»i 


18.1BS 
7.396 
6.776 
7,7W 
W7.-43 
183,840 


13,103 

j'oi 
uva 

1.900 


1,770 


11,499 

90.060 


M7,3«8 
173,.'.35 

KK.I'.S 


^T».  ion  491  1.1' 

•73.  rj,ttt  1.0- 

-il.  115,388  1.31*. 

•70.  108,875  i,m,m 


606,m      847,730 


41.3*6 
IB,»<W 
6.1.  R73 
16.7.'i8 
44JOO 
163,869 
1U,«(H 


73.(mi 

tOJIBB 
86,740 
3t|40T 

gn,yn 

116,687 
4<,»49 


192 


THE   CHRONICLE 


[August  21,  1875. 


ToUlI  Aqk-  1  to  date 
Same  time  1874-75. 
flame  time  1873-74  . 
Same  time  187i-73 


,    1«0,5M  i.518,337  »,113,0S5  730,«U  M,a56  1(M,474 

181.11*  1,800,441  X.79l.«17  l,tKn..')79  96,067  !>6,645 

100,187  1,968.807  4,060,038  l,0«),5:n  14,096  6«,0t6 

1,3^692  1,781.051  3,878,836  988,269  72-438  69,891 


«  Estimated. 

Shipments 

OP  Flour  and  Grain  from  lake 

ports  for  tlie 

week  ending  Aug.  14,  1875,  and  from  Jan. 

1  to  Aag 

.  14,  inclasive, 

for  four  years 

irionr.     Wheat,        Ootii, 

Ua.B, 

Barley, 

Rye. 

Week  ended— 

Shin        bB«t..         I»n«h 

baeh. 

bash. 

bnftb. 

Aug.  14,  ":6 

....       89,896    1,474,881    1,419,843 

190,406 

18,683 

13.901 

Aug.  7,  '75 

....       94,578       991.852    1,26.^,344 

198,419 

2,587 
3*334 

18.614 

Jaly81,"75 

...     108,198     1,81^,74!     l,733,!tI4 

158.i:5 

18.016 

July  14, '75 

....    JOO.IIS    2.042  125     1,797,949 

365,290 

2,571 

5,529, 

Jan.  1  to  date . . . 

S,!>(>8,217  '!!),0«6,490  24,351,419 

8.058,071 

900,311 

889,.3.30 

flame  time  1874. 

....3.510,277  .M.rSi.'ttS  31,134.147  10,299,473 

1,191,880  1,397.006 

Same  time  1873. 

....3.693,398  23,000,267  31,0.'56,478  14,189,059 

1,579,987 

727,568 

S»m«  time  IHW 

...1.373,089    9,544,987  41,738,491  11,378,698  1,081,030 

780,483 

BB0KPT8  OP 

PLOUR    AND  GRAIN   AT  SBABOARD  FORTS   FOR  THB 

WKBK  BNSINO  AnO.  14,  1875,  AND  FROM  JAN.  1  TO  AUG. 

14. 

Flonr,     Wheat,         Com, 

OaU, 

Bariey 

Rye, 

At— 

bbls.       bnsh.           busli. 

bash. 

bnah. 

buah 

....     90,068    1,203,516      877,176 

116.641 
36.850 

1,800 

7,274 

Boaton 

....      18,161           4,400        67,0:» 

Portland 

6,500              laO         10,000 

.... 

Montreal 

..   .      14,073        555,071      13.S,S47 

1,158 

Phlladelphta.... 

..,.      14,670         59,000         83,000 

42,700 

4,000 

Baltimore 

...      15,148       24<.,580       101,900 

10,800 

1,800 

New  Orleana  — 

....      14.054           7,418        29,061 

20,166 
187,801 

.... 

Total 

..      181,668    3,079,072    1,306,119 

2,300 

14,074 

Previonsweek.. 

....    161,151    2,.376,481    1.233,816 

257,919 

11,318 

9,-342 

Cor.  week  '74.. 

....    185,064       897,435     1,624,337 

571,785 

4,700 

1,730 

TotalJan.  1  to  date.5.47fi,.^78  2?.426,8.57  31,875,714 

10,065,413 

328.097 

16S,601 

Same  time  1874. 

.... 6,362, .^23  .38.376.563  S«,92l,422 

10,990,549 

762,773 

647,844 

Same  time  1873 . 

..., 5,306,632  19.623.871  27.619,960 

14,507,547 

18,010,999 

623,197 

Same  time  1»72. . 

....4,566,878    8.168.473  47.8:8,473  14,686,088 

1,339.851 

501, 183 

•  Estimated. 

Thr  VigiBLB  Supply 
granary  at  cLo  principal 
seaboard  ports,  in  transit 
by  rail,  Aug.  14, 1875  : 


In  Btore  at  New  York 

In  store  at  Albany    

In  store  at  Buffalo 

In  store  at  Chicago 

In  store  at  Milwaukee 

In  store  at  Daluth 

In  store  at  Toledo 

In  store  at  Detroit 

In  store  at  Oswego* 

In  store  at  St.  Louie 

In  store  at  Peoria 

In  store  at  Boston. 

In  store  at  Toronto 

In  store  at  Montreal 

In  store  at  Philadelphia* 

In  store  at  Bill  timore* 

Lake  shipments  

Bail  shipments 

On  New  York  canals 


OF   Urain,    including  the  stocks  in 

points  uf  accumulation  at   lake  ani^ 

on  the  lakes,  the  New  York  canals  and 


Wheat, 

hush. 

1,136,200 

11,000 
564,431 
821,712 
703,648 
102,481 
417.793 
204,888 

75,000 

171,179 

1,487 

3,448 

80,783 
262,784 

190,000 

77,7J6 

1,155.713 

267,169 

826,662 


Com, 

bnsh. 

1,148.999 

42,600 

1,156.498 

1,744,319 

17,006 

300,468 
15,812 
30,000 
52,478 
25,292 
58,381 

15,'631 
240,000 
321,619 
1,042  195 
377,648 
285.598 


Oats, 

bnsh. 

506,497 

56,000 

18.388 
9i,881 

9.886 

6,819 

8,667 

8,500 

9t,840 

27,934 

88,757 

38,347 

9,346 

30,000 

20,600 

41,905 

148.500 

43,906 


Barley, 

bash. 

1,163 


4,%8 
6,071 


60 
"487 

8,097 


18,553 
9,837 


Rye, 

bush. 
11,216 
11,800 

sMi 

5,810 

"ii 

400 

3,063 

17,238 

181 


2,518 
1,500 

2-3,961 


Total 

Aug.  7,  1874  .. 
Ang.  15,  1874  . 

*  Estimated. 


.  .  7,108,983  7,374.544  1,:78.723 
...  8,475,846  8,282,013  1,19-3,080 
....  6,814,460    7,487,334    1,238,441 


41,987  81,930 
16,515  71.134 
46,822      68,871 


Oinghama  of  the  be«t  staqdard  makes  were  quite  active,  but  low 
grades  moved  slowly.  Brown  sheetings  were  in  fair  request  for 
the  home  trade,  and  drills  were  taken  in  moderate  amounts  for 
export.  Cheviots  continued  in  steady  request,  but  tickings, 
denims,  oanaburgs  and  apron  checks  dragged  heavily  in  agents' 
hands.  Cotton  flannels  and  corset  jeans  were  in  good  demand, 
and  have  not  accumulated  in  the  same  ratio  as  other  descriptions 
of  manufactured  cottons.  Qrain  bags  met  with  liberal  sales,  and 
there  was  an  improved  inquiry  for  cotton  batts,  warps  and  twines 
— the  latter  of  which  are  in  exceptionally  light  supply. 

Domestic  Woolen  Goods. — There  has  been  a  liberal  demand 
for  wool  flannels,  worsted  dress  goods,  shawls,  felt  sk.rts,  hosiery 
and,  in  a  lesser  degree,  blankets — otherwise  the  market  has  boen 
quiet  and  sales  of  men's  wear  woolens  have  been  restricted  to 
small  lots.  Cassimeres  and  suitings  of  the  finer  grades  were 
taken  in  moderate  parcels  by  jobbers  and  first-class  clothiers,  but 
low  and  medium  grades  dragged  and  prices  of  the  latter  had  a 
weakening  tendency.  Worsted  coatings  and  overcoating  were 
IfeSB  active,  although  some  fair  deliveries  were  made  in  execution 
of  former  orders.  Satinets  and  Kentucky  jeans  were  in  moderate 
request  and  prices  of  leading  makes  have  been  well  maintained. 
Worsted  dress  fabrics  were  distributed  in  liberal  amounts  and 
several  plain  and  fancy  styles  of  the  Pacific,  Manchester  and 
Washington  Mills  ar»  already  sold  ahead  of  production.  Felt 
skirts  and  woolen  shawls  met  with  fair  sales  and  shirts  and 
drawers,  fancy  hosiery,  Cardigan  jackets,  nubias,  scarfs  and  other 
fancy  knit  woolens  were  in  improved  request. 

Foreign  Dry  Goods. — The  demand  for  staple  fabrics  has 
been  more  active,  but  the  general  distribution  has  been  light  and 
unsatisfactory.  Black  alpacas,  pure  mohairs,  brilliantines  and 
cashmeres  were  severally  in  request  and  ruled  very  firm  in  price. 
Fancy  British  dress  fabrics  wtere  taken  in  moderate  lots,  but  Con- 
tinental textures  remained  quiet.  Black  silk-s  were  m  ^re  sought  for, 
and  there  was  an  increased  demand  for  black  turquoise,  trimming 
velvets,  crapes,  and  black  and  colored  gros-grain  and  taffeta  rib- 
bons. Housekeeping  linens  were  in  fair  request,  but  shirtin? 
and  clothing  makes  were  inactive.  Handkerchiefs  moved  slowly 
from  importers'  hands,  but  some  large  lines  of  undesirablA  sizes, 
&c.,  were  closed  Out  at  auction,  where  they  realized  low  figures. 
Woolen  goods  for  men's  wear  lacked  animation,  and  sales  were 
light  in  the  aggregate. 

The  importations  oi  dry  goods  at  this  port  for  the  week  ending 
Aug.  19,  1875,  and  the  corresponding  weeks  of  1874  and  1873 
have  been  as  follows  : 

■HTBBBD  rOR    OONSnKPTtOH  VOB  THB   WBEK  EHDOte   AUeUST  19,  1876. 


TaC  D%Y  aOODS  TRADE. 

Fbidat,  p.  M.,  Angnst  10, 1876. 

The  market  has  been  characterized  by  a  better  and  more  hope. 
ful  tone,  and  jobbers  from  the  larger  interior  cities  have  operated 
with  more  confidence  than  has  been  seen  for  some  time  past. 
Domestic  commission  houses  have  experienced  a  steady  demand 
for  staple  cotton  and  woolen  productions,  and  autumn  goods  of 
a  fancy  character  have  become  decidedly  more  active.  This 
impetue  to  trade  is  due  to  numerous  arrivals  of  retailers,  and  the 
smaller  class  of  cross-roads  jobbers  from  remote  sections  of  the 
country, affecting  favorably  nearly  all  departments  of  the  job 
bing  trade.  The  suspension  of  Mr.  W.  H.  Locke  of  Passaic,  N. 
J.,  a  well-known  calico  printer,  was  announced,  but  this  failure 
had  no  effect  on  the  market.  It  has  not  transpired  what  is  the 
amount  of  Mr.  Locke's  liabilities.  For  imported  goods  the  mar- 
ket has  remained  quiet,  although  staple  fabrics  met  with  a  fair 
distribution  privately,  and  ribbons,  linen  goods,  millinerv,  and 
dress  silks,  &c.,  were  sold  in  liberal  amounts  through  the  auction 
rooms,  which.'with  one  exception,  have  commenced  their  sales  for 
the  fall  season. 

Domestic  Cotton  Goods. — There  has  been  a  steady  but  mod- 
erate package  movement  in  the  most  staple  goods,  and,  as  above 
noted,  the  jobbing  distribution  has  been  more  liberal.  Prices  of 
staple  domestics  have  remained  unchanged  with  the  exception  of 
a  few  unimoortant  makes  of  bleached  shirtings,  which  have 
receded  -ic.  per  yard.  Print  cloths  continued  quiet,  and  current 
transactions  were  confined  to  small  lots  of  extras  at  .^^c.  Prints 
were  in  better  demand  by  Western,  Southwestern  and  Southern 
jobbers,  whose  operations  were  rather  more  liberal  than  at  any 
previous  time  this  season.  Dark  madder  prints  were  relatively 
more  active  than  chocolate  effects,  as  jobbers  are  well  supplied 
with  the  latter  for  the  present.  The  low  ruling  rates  for  Garner's 
and  Amoskeagjprints  have  kept  these  goods  sold  up  to  receipts. 


Pkgs.  Value. 

1,747  »817,904 

1,368  444,999 

815  864.839 

856  197,913 

714  189,488 


. 1878 . 

Pkee  Value. 

1.503  »;701.449 

1,177  373,884 

742  682.722 

749  156,611 

663  204,315 


. 1873 . 

Pkgs.    Value. 

Manufactures  of  wool 2,265  (1,018,594 

do  cotton..  1,429       448,368 

do  silk 799       618.853 

do  flax 978       181,261 

tUscellaneouB  dry  goods.   614       172,628 

Total 6,035*2,488,701      5,510  12,215,143       4,839  18,067,991 

WITm>RAWB  niOK  WABXHOasB  AHD  THHOWK  INTO  THB  MABKBT  DtnUNS  TBI 
sum  PBBIOD. 

Uannfactures of  wool....  1,654  $773,051  1,351  1610,864 

883  198.678  519  185,728 

273  267.267  188  158,182 

30O  117.112  730  149,002 

281  20,777  113  33,015 


do  cotton. 

do  silk 

do  flax 

.Miscellaneous  dry  goods. 


738 
384 
121 
616 
188 


t81\7S8 
113,951 
131,479 
113,999 
11,811 


Total     3.691  $1,483,835 

Addent'aforconsnmpt'n   6,085    8,483,701 


1,901  $1,106,801       1,937      $706,998 
5,510     1,815,143      4.839     1,067,991 

Total  thrown  upon  m'k't.  9,676  $3,917,586      8,411  $8,381,944      6,816  $1,774,984 

BNTBBBD  FOB  WARSBOasmo  DtTRINe  SAMB  PBB10D« 


Manufactures  of  wool. . .  1,163  $51l,8:» 

do                cotton.       441  114,998 

do                silk 85  107,028 

do                 flax 319  73,891 

KIsceilaneous  dry  goods.      97  10.867 

Total          1.105  $831,677 

^fident'ilforconsnmpfn  6.085  8,483,701 


1,151- 
342 
122 
433 
187 


$497,029 
113,942 
188,855 
98,522 
41,776 


735 
403 
123 
468 
56 


$310,639 

119,080 

150.463 

102,448 

18,416 


2,235     $880,184 
5,510     2.815,143 


1,790      $701,041 
4,839     8,067,991 


Total  entered  ai  the  port. 
We  annex  prices  o 

Woodberry    and    Dmid 
Mills  and  Fleetwing. 

No.O «) 

No,l 88 

No.2 86 

No.S    34 

No,4 32 

No.5 80 

No.6  28 

NcT 28 

American 87  60 

Amoskeag 37  50 

Excelsior 89  00 

Lewiston 88  00 

FranklinviUe..  28  00 

Honunp 29  00 


8,19U  $3,315,378      7,746  $3,098,867      6,619  $1,769,032 
I  a  few  articles  of  domestic  manufacture  : 
Cotton  Sail  Dock. 

Na  8 15 

No.  9 .  .    24 

No.  10 22 


Empress  6  to  12... 
Pendleton    do     . . 


18 


Dirlgo 

H.  H  9 

Irving 16 

Oranger S3 


Light  duck— 

Bear(8oB.I29in..  17 

do  heavy  (9 oz.)...  20 

Mont. Ravens  29in.  19 

do          40in.  28 

Bags. 

Ontario  A 30  00 

do     B 87  50 

do     C 45  00 

PowhattanA..  28  00 

do         B..  35  00 

do         C.  40  00 

Cotton  Tarns. 

I  Sargeant    6  to  12..     25 
I  Fontenoy     do     ..25 
Cotton  Batta. 

I  Hanover 10 

I  Logan 18 

I  Jadcson 20     , 

I  Honast  Injim n}t\  Wyoming. . 


Ontario  and  Woodberry 

USA  Standard  23}^  in. 
do  8  oz.    20 

do  9  oz.     2S 

do  10  oz.  24 
do  11  oz.  19 
do         15  oz.    86 

Ontario  Twls,  29in.  II 
do  36in.    13 

Ex  twl«"Polhem'»"   It 

SUrkA 30  00 

do    C  3  bush  46  00 

do     SXbush  36  SO 

PhilaA 30  00 

do   B  38  00 

do  C 4U  00 


IIXL 

I  XXX 


6  to  11., 
do     . 


15 


Rock  Island 18 

Russian 19 

(Standard! II 

'-        ■  ..  « 


t  HUNT'S    MERCHANTS'    MAGAZINE, 

EEPRESENTWO  THE    INDD3TRIAL   AND  OOMMERaAL  INTERESW    DF  THE  UNITED  8TAT^ 


VOL.  2L 


SATURDAY.  AUGUST  28,  1875. 


NO.  531. 


CONTENTS. 


TBS  CBB05ICLB. 


-wm  OoM  auMa  •  rntlMr  Ad- 

*an«? 193 

Tk*  PiV«r  IfoMjr  Iba  >■  OooB- 

cU 

TkaCnUoa  ScMoaof  UN 

Valtad  Btau*  Importa  aad  Xz- 

p«ctafarJal7 IM 

TH>  MAmMBB-  QAZnTB 


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BalJwar  StaAa.  OoM  Mokat, 
Foral^  Eiriiangs  Ha*  Tork 
CIlT  Baaka,  Beatwi  Baaka, 
nUidaifkla  Ikmka,  nitliial 

TBC  OOMKKKCUL  TmjM. 

OmumkUI  Kptlosa »«{I)rya< 

■CtiUm IM    PdiMa 

BraaaataSt till 


Baaka,  aw ..  101 

UaotatlaaaofS'ockaaadBosda  tM 

N«w  T*rk  Local  Secvritlaa  ..  .  ttS 
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■     —  tot 


iCwraal. 


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tu 


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TbB  COKMSRCtAL  ASD  FI5AXCI.VL  CBBOXICLB  U  Utrud  M  &rfttr- 

dag  m$r»{mff,  «t((A  CA«  laUit  iuim  Wf  t»  wMnight  •/  n  May. 


TiBHi  or  toBicBimoa  patablb  w  adtahoi. 

Taa  CoiMnaciAL  ^ito  riKi«ri<i.  rniunaeiM,  <ull*ar<d  by  canlar  to  etty 
«akaei<b«n,  aad  Ballad  w  all  otlMn: 

IteOMTaar(lwtadla(peatac«) |]0  B) 

Wm  wit MartBiL. ,...«»........ .... .....^.1. ».«■».. ■■»■»...«...     t  It 

SatacripUoaa  wHI  k«  aeaUaaad  oaMl  oafcwi  Haw  ad  *r  •  <*ri<(M  ardtr 
In  Tka  f  hitrt>atat— t  >a  laapuMtWa  far  Ball- 
rOnfia  or  Poat.oaw  Moaay  Ordata 

A4Tartlaai— M. 

ara  pablUhad  at  tB  caaM  par  Baa  for  aaek 

iaaartiaa,  bat  wbaa  daBalta  ardara  an  shiB  Ikr  tra,  ar  aaaa^  taaaiHaaa.  a 

JIbairi  diacaaat  la  aaia.   Ma  |Medaa  of  tmkaaat  >rtHliMia  ta  tka  kaat 

pjaea  aaa  ba  gtTaa.Mall  ad»a»Uaan  maat  Ipnta^aal  ap»ac1aaWtaa     Baialal 

-  liattoa  la  BaakiaR  aad  naaailal  colaaa  Vaaata  par  liaa,  aack  Iaaartiaa. 


TkaLaadaaaaeaaflkaOnaaicu  la  at  Ka^t  AtaUa  Frlara,  Old  Broad 
'  at.w>a>aaakair<iilt— atMtakaaat  tkalrPaal^mtaa; 
Aaaaal  •ahaartadaala  tka  AroBlcl*  (lammUmg  poataga) 
Bis  Boot  ba*  fvaartptlaa 


viluab  a.  DAajL, 
aoaa  a.  flotb,  /a.  | 


iriLUAM  B.  DABA  A  00..  Pabl 


T»  uid  at  wmiaa  ftiaaL  nw 
PoaT  Omca  Boi  4  M 


iabanw 


OBK. 


1^^  A  aaat  tl»coTar  ta  famUked  a'.  MnaU;  poalacaoa  tka  aama  la  It 
«tata.    VotaaatkaaattoraabacrlbaraattlN. 

.  J^  AaBBaMaattaf  IBaOfaiamt  am  *■*"*"»»«  "      '     '  ■    '"'r 
IHB,  to  data— la  for  aala  at  tka  aOca.     Alae  aaa  aatof  Bnrr'a MaaoBAi ra 


J^r  Th*  B<i>iB«aa  D«parta«ai  of  (>>•  PaauaiuLa  ta 
fnaaclAl  Initnata  la  Raw  Yarfc  City  by  lb.  Vlad.  W.  Joaaau 


aaoag 


WILL  80LB  IDmi.1  1  FDinil  iMlMlE  ? 

The  riM  of  gold  to  1141  yeiterdaj  haa  awakened 
wnne  n««<1le«  anxiety  in  the  minds  of  not  a  few  of  our 
m  .tnd  girefl  a  new  illustration  of  the  elements 

of  ...  v...uiity  and  risk  which  paper  money  injects  into 
so  many  of  the  transactions  of  onr  foreign  trade.  The 
<pieatioii  is  whether  a  farther  .idvance  in  gold  is  likely  to 
be  realized  ;  and  if  not,  whether  the  present  advance 
can  be  sustained.  If  wc  would  answer  these  questions 
with  accaracy  we  mnit  cxjiloro  the  cansea  of  the  ad- 
Tance  yesterday,  and  we  pliould  investigate  the  other 
forces  which  are  now  at  work  in  the  gold  market. 
These  forces  are  some  of  them  direct,  while  others  are 
more  indirect  in  their  character  and  influence  on  the 
gold  premium. 

Of  the  former  the  chief  L^  the  failarc  of  the  Bank  of 


California,  which  has  carried  down  one  or  two  other 
institutions  in  its  fall.  The  advance  of  gold  is  generally 
ascTil>ed  to  this  failure,  which  has  been  so  long  ex- 
pected in  well-informed  circlep,  that  its  alleged 
influence  here  is  not  easy  to  understand.  The  Bank 
of  California  seems  to  have  fallen  because  it  had 
locked  up  its  funds  in  unbankable  securities.  Its  man- 
agers were, the  victims  of  the  old  malady  which  has 
mined  so  many  banking  reputations  in  this  country 
and  abroad.  They  are  said  to  have  invested  their  means 
in  ventures  of  various  sorts — in  real  estate,  silver  mines, 
hotel  shares,  bank  shares,  and  in  a  miscellaneous  mass  of 
securities,  whereby  the  floating  capital  was  not  only  con- 
verted into  fixed  capital,  but  was  rendered  almost 
wholly  unavailable  for  banking  purposes.  There  may 
be  abundant  reasons  why  these  failures  should  lead  to  an 
enforced  reform  in  the  principles  and  practice  of  banking; 
but  surely  there  is  no  reason  why  they  should  exert  any 
tendency  to  put  up  gold.  We  on  the  Eastern  seaboard 
owe  little  or  nothing  to  San  Francisco.  The  system  of 
finance  there  is  ({uite  distinct  from  ours.  The  shares 
and  other  jiroperty  there  have  risen  to  such  a  high  level 
that  the  price  has  frightened  off  our  Eastern  capitalists, 
■o  that  we  have,  perhaps,  less  interest  on  the  Pacific 
ooaet  than  usual.  For  these  and  other  reasons  it  would 
seem  that  there  is  little  or  no  ground  for  the  belief  that 
any  profound  impression  can  be  produced  either  directly 
on  the  gold  market  or  indirectly  on  other  vital  parts  of 
the  financial  system. 

Another  temporary  cause  for  a  possible  rise  of  gold 
is  alleged  to  \>e  the  cffortA  of  the  greenback  agitators 
in  Ohio  and  elHcwhere.  The  success  of  the  paper  money 
party  in  the  West  this  fall  would  operate,  it  is  argued, 
to  produce  an  immediate  upward  impulse  in  the  gold 
market.  Wc  grant  that  if  such  a  success  were  an 
a<tcom}>Hlhcd  fact  it  might  put  up  gold,  and  that  any 
further  issues  of  paper  money  undoubtedly  would  do  so. 
But  we  doubt  very  much  whether  this  effect  will  bo 
brought  on  by  the  mere  chances  of  the  victory  of  the 
paper  money  men.  That  these  chances  may  grow  less 
every  true  lover  of  his  country  ought  to  wish.  That  the 
power  of  the  greenback  mania  is  abating  and  is  likely  to 
abate  we  offer  elsewhere  some  evidence  to  prove. 

But  we  must  ne;rt  inquire  into  the  more  indirect  forces 
which  are  operating  on  gold.  And  first  of  all  we  may 
obser>-c  that  there  is  no  clique  manipulating  the  gold 
market.  The  speculative  magnates  of  Wall  street  are 
either  away  from  their  usual  haunts,  or  they  are  en- 
gaged in  operations  unfavorable  to  a  gold  speculation 
on  either  side  of  the  account.  Had  the  events  of  the 
past  few  days  occurred  in  a  sensitive  condition  of  the 


194 


THE   CHRONICLE. 


^n' 


[August  28,  1876. 


gold  market,  when  the  machinery  of  the  clique  was  in 
full  blast,  a  rise  in  gold  of  several  points  might  have 
been  easily  manipulated,  and  great  profits  might  have 
been  won  by  the  men  who  thrive  on  those  spasms  and 
perturbations  of  gold  and  stocks  which  ruin  and  impov- 
erish the  merchant  who  depends  on  legitimate  business. 
The  fact  that  no  clique  of  capitalists  have  thought  it  worth 
their  while  of  late  to  tamper  with  the  gold  market, 
affords  negative  proof  that  there  is  not  much  prospect  of 
an  advance. 

But  in  the  next  place  we  must  remember  that  the 
gold  export  has  fallen  oflf,  that  Germany  mil  not 
want  so  much  gold  as  last  year,  and  that  our  exports  of 
breadstuffs  and  of  other  produce  will  be  probably  largo 
enough  to  redress  the  foreign  exchanges.  How  unfavor- 
able this  state  of  the  exchanges  will  be  to  any  further 
rise  in  gold,  we  need  not  spend  time  in  proving. 

Another  argument  in  favor  of  an  advance  is  that  "  gold 
is  scarce."  In  proof  of  this  we  are  asked  to  believe 
that  the  failure  of  the  Bank  of  California  was  due  to 
a  supposed  "scarcity  of  gold."  This  allegation  is 
scarcely  worthy  of  the  notice  it  seemed  to  receive  yester- 
day in  Wall  street.  The  bank  in  question  did  undoubt- 
edly fail  because  it  could  not  pay  its  debts.  It  had  not 
gold  enough  to  meet  the  drafts  of  its  depositors,  and 
coin  is  the  recognized  currency  of  California.  Report 
says  that  one  heavy  deposit  was  withdrawn  a  few  days 
ago,  amounting  to  a  million  dollars  or  more.  If,  how- 
ever, the  managers  of  the  bank  had  not  locked  up  their 
funds  they  could  nave  turned  them  iuto  money,  and  so 
have  commanded  all  the  gold  they  wanted.  What  made 
the  bank  succumb  was  not  the  general  scarcity  of  gold 
in  the  market,  but  their  own  want  of  available  means 
with  which  to  buy  gold  and  to  pay  their  obligations.  So 
with  the  other  failures  which  have  occurred  there,  or 
may  occur,  they  indicate  no  general  scarcity  of  the 
precious  metals.  The  product  of  gold  and  silver  ranks, 
as  is  well  known,  among  our  richest  exportable  crops. 
We  cannot  give  the  aggregate  of  this  product  for  the 
current  year,  but  it  is  said  to  be  superior  to  that  of  the 
corresponding  period  of  last  year.  The  amount  of  gold 
and  silver  produced  in  1874  was  reported  as  follows  by 
Wells,  Fargo  &  Co.: 

PRODUCT  OP  BOLD  AND  SII-TEB,  1874. 

Gold  diiat 
Gold  dust     and  bullion  Ores  and 

and  bullion  bj/  other  Silver  bullion  base  bull'n 
State  or  Territory,  by  express  conveyance^,  by  express,  by  freight. 
•CallfomU $16,015,568     $1,601,556 


Nevada 345,394 

Oregon 653,564 

Washington 141.396 

Idaho 1,807,667 

Montana 2,681,36J 

Utah 83,721 

Arizona 23,3*1 

Colorado 1,590,700 

Mexico 84,655 

BritiBhColnmbla.  1,487,478 


34,539 
65,356 
14,139 
120,765 
558.136 
8,372 
2,383 


$967,857 
30,954,602 
150 


$1,715,660 
4,117,698 


661.672 


148,747 


746,565 

400 

1,745,705 

714, J23 

837 


600,000 
6,072,680 


805,000 


Total. 

$20,300,631 

35,452,233 

609,070 

155,535 

1,880,004 

3,(39,498 

5,911,278 

26,066 

4,191,406 

798,878 

1,636,557 


Total,  1874 $24,114,833     $8,843,943  $35,601,411  $12,360,868     $74,401,055 

With  an  annual  product  of  H  millions  of  the  precious 
metals,  it  is  absurd  to  speak  of  an  actual  scarcity  of 
gold  as  a  substantial  cause  for  any  changes  in  the  market 
price  of  gold.  It  is  true,  however,  that  some  anxiety 
prevails  as  to  the  diminishing  of  the  Treasury  balance  of 
coin,  and  as  to  the  reported  displacement  of  twenty 
millions  of  gold  in  the  vaults  of  the  Treasury,  to  buy 
silver,  under  the  resumption  law  of  January,  1875.  But 
this  displacement  of  gold,  if  it  should  occur,  would  not 
tend  to  make  gold  scarce.  On  the  contrary,  it  would  be 
equivalent  to  the  putting  of  so  much  Treasury  gold  on 
the  market,  and  would  thus  make  gold  more  plentiful 
instead  of  more  scarce. 


On  the  whole,  there  does  not  seem  to  be  much  ground 
for  believing  that  the  movement  yesterday  in  gold  had 
in  it  anything  serious  or  offered  any  indications  for  the 
future  at  which  our  merchants  need  take  the  alarm.  la 
proportion  as  the  public  confidence  grows  in  regard  to 
the  prospects  of  the  resumption  of  specie  payments  in 
1879  will  the  possibility  decline  of  causing  such  fears  of 
a  sudden  rise  of  gold  as  have  been  rife  of  late.  These 
disturbances  of  the  currency  we  were  formerly  accustomed 
to,  but  of  late  the  finance  and  trade  of  the  country  ap- 
pear less  able  to  bear  them.  Unless,  then,  some  unforeseen 
complication  of  events  should  cause  perturbation,  the 
tranquillity  which  has  so  long  prevailed  in  the  money 
market  is  likely  to  have  its  counterpart  in  the  gold 
market.  And  in  that  case  we  shall  have  one  condition 
the  more  to  confirm  our  expectation  of  a  partial  revival 
of  business  at  no  very  distant  day. 


THE  PAPER  MOSEY  MEN  IN  COUNCIl. 

Some  of  the  chief  reasons  for  opposing  the  Legal 
Tender  law  of  February,  1862,  were  founded  on. the 
dangers  which  that  law  let  loose  upon  the  country  in 
regard  to  the  monetary  standard  of  values  and  to  con- 
tracts founded  upon  that  standard.  The  principle  of  the 
validity  of  contracts  and  of  their  obligation  upon  the 
parties  in  the  sense  agreed  upon  when  the  contract* 
were  made,  is  one  of  the  most  sacred  principles  in  the- 
jurisprudence  of  all  nations  pretending  to  be  civilized.- 
But  almost  all  contracts  in  modern  times  are  expressed 
in  money.  Their  value  is  computed  in  dollars  or  pounds 
or  marks  or  francs,  and  in  case  of  dispute  or  breach 
of  contract  the  damages  are  assessed  at  so  much  money^ 
to  be  paid  by  one  party  to  the  other.  The  connection- 
between  money  and  contracts  is  so  fundamental  that- 
anything  which  disturbs  the  former  impairs  the  latter^ 
Hence  it  is  impossible  that  the  obligation  of  contracts 
should  be  held  finn  and  sacred  where  the  standard  of 
legal  tender  money  is  shifting  and  uncertain. 

A  fundamental  question  of  commercial  jurispru- 
dence, then,  is  how  shall  we  give  stability  to  our  stan- 
dard of  money? — how  shall  we  keep  the  legal  tender 
dollar  at  a  uniform  value  ?  Now,  for  ages  men  have 
been  trying  to  do  this  in  various  ways,  and  they  have 
always  failed  except  they  have  linked  their  paper  to- 
the  precious  metals  by  the  golden  bond  of  specie  redemp- 
tion. Adam  Smith  said  that  to  issue  paper  money  was 
like  making  a  pathway  for  commerce  through  the  air. 
It  was  more  swift  but  less  safe  than  the  solid  ground  of 
specie  money.  If  he  had  written  in  our  day  he  might 
say  that  now,  as  a  century  ago,  the  paper  money  prob- 
lem is  still  only  in  part  solved,  and  that  most  of  the  dis- 
asters of  modern  times  and  most  of  the  panics  which 
have  desolated  modern  commerce  have  resulted  from  the 
vain  attempts  to  arrive  at  a  final,  trustworthy  solution. 

Until  1862  we  had  no  legal  tender  money,  except 
coin,  in  the  United  States.  Our  standard  of  values  were 
as  steady  and  firm  as  that  of  any  nation  of  Christendom. 
When  a  dollar  was  spoken  of  we  knew  exactly  what  was 
meant.  When  we  engaged  to  pay  or  to  receive  a  dollar, 
we  knew  that  what  would  pass  was  the  equivalent  of 
25'22  grains  of  standard  gold,  neither  more  nor  less. 
The  advantages  which  this  monetary  firmness  and  stability 
gave  to  our  commerce  with  other  nations,  as  well  as  to 
our  interior  trade,  are  too  well  known  to  need  mention. 
These  advantages  were  sacrificed  when  we  passed 
our  legal  tender  law  of  February,  1862,  and  well  in- 
formed persons  among  us  believe  that  whatever  apparent 
prosperity  we  may  enjoy  under  a  paper  money  finance 


Angiut  28,  1875.] 


THE   CHRONICLR 


195 


we  can  never  get  back  to  a  sound  oonditioa  of  trade 
except  by  a  return  to  specie  payments.  Certainly  the 
advantages  of  a  firm  and  settled  standard  of  values  can 
never  be  reached  except  by  specie  resumption.  Our 
paper  dollar  must  be  freely  eonvertible  into  gold  on  de- 
mand, or  it  will  never  have  a  steady,  permanent  standard 
of  value.  These  elementary  truths  are  so  obvious  and 
so  familiar  that  we  should  not  have  thought  it  worth 
while  to  have  recapitulated  them  had  it  not  been  for  the 
temporary  notoriety  which  the  paper  money  demagogues 
are  making  such  extraordinary  efforts  to  gain  for  the 
exploded  theoriea  of  inflation.  The  good  sense  of  the 
American  people  is  such  as  to  give  aasurance  that  the 
fantastic  argumenta  and  dogmatio  assumptions  of  the 
paper  money  worshippers  can  win  but  few  converts.  Thia 
view  ia  confirmed  by  the  apathy  which  marked  their  last 
meeting  at  Detroit  on  Wednesday.  The  resolutions 
then  passed  are,  however,  worthy  of  being  placed  on 
record,  as  showing  the  latest  form  the  paper  money 
agiutiou  has  aanuned.  These  resolutions  are  built  up 
on  the  theory,  refuted  above,  that  it  is  possible  to  keep 
the  money  standard  firm  without  a  specie  basis  for  it  to 
rest  upoq.  With  that  theory  they  stand  or  fall.  They 
are  as  follows : 

RcsoLVEO.  Firit :  That  the  people  owe  to  the  Ooreromeat,  at 
all  time*  aoa  in  mllemergeDCira,  a  loaa  of  money  aJtHjukta  to  iU 
needa  M  a  rate  of  intereM  eo  low  u  tobotholaaatpoMlble  bardea, 
>ad  to  olbr  the  least  poeaible  compctltlna  to  priTata  ealerpriae. 

Betohd :  The  UoTernment  owen  to  the  poople  aa  abeolutely  Mfe 
and  aotlorm  eurreocy,  tdaptad  tn  tb<-ir  raryinfr  aeoda  )n  amount 
and  of  a  ralue  not  materially  ilitfrreat  from  that  of  other  ciTiUied 
DatiooB. 

TKird :  That  ibe  proridiDg  of  a  caneoejr  for  the  people  la  ao 
attribate  of  aoTcreinity,  and  we  drmaad  that  the  UoTefDmeot  of 
the  Ubited  States  aliall  perform  this  duty  In  luch  a  manner  aa  to 
foraah  tbe  ptililie  aa  amoanl  of  eurn<ocy  adi<quate  to  the  bualDaas 
reqalremaDia  uf  the  eoaatry,  and  indapoadeot  of  the  actioa  of 
baoka  or  oih'r  prirate  eorporatiooa. 

f'vurtA :  That  we  are  aeilber  repodlMtsaMs  aor  taflatlociats. 
bat  the  frieiKio  «f  a  aafe,  aonad,  and  MlliUa  ewiaary  ;  that  we 
propose  to  rvdmm  the  neeaback  ciredMte  af  the  Uaited  Htates, 
at  tbe  plewore  ol  tha  hoUata  tbsreor,  la  haadi  of  tba  Uaited  States, 
beariag  a  low  nU  of  iaisiaal,  eooTertlM*  at  ths  plaaaars  of  the 
holder*  lato  itreeafaacks,  thus  r«d>^mlD(  tha  origiaal  procolae  of 
the  Qorerament  when  it  flrat  biau>>d  grssebaeka  to  faad  them 
wbfo  desiritj  into  an  lataraa*- paying  boad. 

Fifth:  That  we  are  la  lavor  of  the  lane  of  United  States 
certifleates  jr  hoods,  bsariaf  interest  aol  to  sxesod  8  85  per  oeat 
per  aanam,  to  aa  aiaoaat  r|«al  to  ths  whois  Oorsntmeat  debt, 
■aid  bonda  or  eertlflcatas  Mtag  ebaagsaUa  aad  Interchaageabls 
with  irreenbacltii  at  par  oo  danwad. 

BixtA  :  That  the  legal  mtoutj  oi  the  esaatiy  should  be  endowed 
with  tbe  power  to  par  all  debts,  publU  aad  prlvau,  except  that 
portioa  of  the  boaoed  Indebtsdness  apedally  made  payable  In  eoin. 

SttmttA :  That  as  ths  wwetmeat  of  ths  last  Cuogiuss,  provldinc 
for  a  rsaomptl'in  of  ape  4s  paraieais  in  U19,  is  tapiaatleabld  aad 
impoaaible  ol  executkw,  aad  Is  dieastrona  la  Its  sflscta  apoo  ths 
hosioaaa  of  tbe  coaatry,  wo  dsmaod  iia  hniaartlats  aad  aaeoadU 
ttonal  rrpsal. 

JUfklM :  That  tbe  plan  of  Oorenimsst  carreacj  proposed  by 

till*  Coaventioa   would.  In  our  opinlaa,   load    to    reader    oar 

-nt  and  people  indapsodent  flaaaeially  of  forrign  tofla- 

impliealloos,  and  aot  sabject  kar«after,aa  heretofore,  to 

i,.^  ...n, ruing  control  or  laCaaoee  of  forslga  eountriea. 

KxHlh  :  That  we  rtoomiDend  the  orfaaitatioo  nf  Oreeobaek 
Clubs  In  every  S-ate  in  the  Union  for  ths  pnrpo*e  o!  i-arrying  oat 
titeae  priodplrs  and  mSMuree. 

The  most  important  of  these  resolutions  arc  the  second 
:iod  Uiinl.  .Stripped  of  their  pretentions  verbiage  and 
translated  into  plain  English,  these  resolutions  aflirm 
that  the  government  should  set  the  printing  pressea  at 
work  and  pour  out  paper  money  from  the  Treasury  aa 
long  as  the  channels  of  commorre  would  receive  it.  To 
enlarge  these  channels  and  force  the  new  paper  money 
into  them  till  they  are  gorgi-d  to  overflowing  is  a  point 
pro     '  r  in  the  fourth  and  fifth  resolutions,  which 

uD'i  use  of  doing  something  else,  really  authorize 

the  Treasury  to  psy  off  the  whole  debt  in  greenbacks. 
The  paper  money  men  uml.  r  cover  of  the  apparently 


convertible  into  greenbacks.     The  bonds  might  just  as 
well  be  converted  into  greenbacks,  as  any  man  of  sense 
can  easily  see.     What  state  the  debt  would  assume  under 
the  destructive  influence  of  these  multiplied,  disorp;an" 
izing   and  perturbive  forces  baflles  the   imagination  to 
conceive.     Passing  to  the  seventh  resolution  we  find  it 
boldly  afiirming  that  the  plan  of  specie  payments  pre- 
scribed in  the  Sherman  Reeumption  law  of  January,  1875, 
is  impracticable.     This  resolution  therefore  proposes  not 
that  supplementary  legislation  be  devised  to  remedy  the 
existing    defects    of    the    law.      On    the    contrary,   it 
demands  that  the  law  be  immediately  and  uncondition- 
ally   repealed.     Here    the    paper    money    men    throw 
off    the    mask    altogether.      They    confess    that    their 
object     is    to    abandon    specie     payments    altogether 
and  to  wreck  the  financial  bark  of  the   country  in  the 
maelstrom  of    perpetual    repudiation.       They   declare, 
however,  in  the  face  of  facts  and  of  common  sense,  that 
they  are  not  repudiationists  or  inflationists.     "  How  can  ' 
we  be  inflationists  ?"  they  ask ;  "  we  oppose  the  banks ;  we 
would   destroy   the   hank   circulation,   and   issue  more 
greenbacks;  and  everybody  knows  that  it  is  the  bank?, 
the  bank  credits,  and  the  bank  circulation  that  arc  alono 
capable  of  inflation."    Thus  they  pl.ny  with  the  word 
inflation,  define  it  a«  they  please,  and  then  deny  of  it 
what  they  please.     Flushed  with  success,  they  try  the 
same    legerdemain    on    the   word    repttdiation.      "Wo 
are   not  repudiationists,"  they  say.     "  All  we  want  to 
do    is    to     exchange     one    government   obligation  for 
another.      The   five-twenty   bonds  we    would    replace, 
dollar  for   dollar,  with  a  bond  paying  3'U5    per   cent, 
interest.      Is    it   repudiation   to  pay  off    our    national 
debt  in  full  ?"     And  if  there  were  anything  irregular  in 
the  transaction,  the  inflationists  smooth  it  all  over  by 
the  oracular  diction  which  they  put  at  the  head  of  their 
column   of   resolutions,  "  that  the   people   owe  to   the 
government  at  all  times  a  loan  of  money  equal  to  its 
emergeDciee   at   a  low  rale  of  interest."    T)ie  national 
debt  is  a  debt  which  the  people  owe  to  the  government 
and  which  the  government  owe  to  the  peoplo.      If  we 
accept  these  lucid  expositions  it  will  be  hard  to  convict 
the  paper  money  men  before  the  bar  of  public  opinion  of 
the  sins  of  repudiation  and  inflation  which  are  laid  to 
their  charge.     As,  however,  the  majority  of  the  people 
of  this  country  are  too  intelligent  and  too  well  informed 
to  be  misled  by  sophistical  arts  of  the  low  order  exhibited 
by  the  paper  money  devotees,  we  apprehend  that  their 
past  want  of  success  in  swelling  the  ranks  of  their  fol- 
lowers is  a  foretaste  of  worse  things  which  are  in  store 
for  them  hereafter. 


COTTON  SEASON  OF  ISM. 

.  '^  (Commnalcated.) 

We  are  at  present  hearing  complaints  from  the  South 
in  consequence  of  the  excessive  r.tins  during  late  week*. 
The  following  extracts  from  two  publications  of  Septem- 
ber 1859,  showing  similar  conditions  that  year  may,  in 
the  sane  connection,  be  of  use: 

(JPVssi  /.  B.  OrMU'$  Tittf/Vt  Annuai  Cotton  Circular). 

New  Orlkars,  Sept.  23,  1850. 
"  Though  the  epriog  was  generally  lato,  yet  good  atanda  w»re 
secured,  and  the  proepect  up  to  the  first  week  of  August  wa«  highly 
taTorable  except  on  some  upland  diatricU,  especially  of 
Miaalaaippi,  Nor'.hern  and  .Northwealom  Louisiana,  and  the  con- 
tiguous portions  of  Arkansas  and  Texas,  and  in  South  Carolina, 
where  little  rain  had  lallen  for  over  two  montha.  The  consequence 
harmless  principle  of  oonvcrtilMiity,  claim  unlimited  power,  of^i,,  ;^ogngt  rains  on  stunted  and  almost  sapless  plants  was  a 


to  call  in  the  funded  bonds  of  the  United  States  and  to 


Tery  heavy  shedding,  leaving  little  or  no  prospect  of  recuperation' 


convert  them  into  S.Ws,  which  in  turn  are  to  be  inter-  I  unless  ths  most  favorable  and  Improbable  combination  of  weather 


196 


I^HE   CfiilONlCLE. 


[August  28, 1875. 


dhould  occur  through  the  fall.  Tue  bottom  land  crops  are  every, 
where  good,  and  will  yield  heavily,  notwithstandin;?  the  prevalence 
of  rust  and  rot,  the  result  of  August  rains.  It  must  be  borne  in 
mind,  however,  that  though  the  Mississippi  river  and  bayou  crops 
are  as  forward  as  last  year,  still  the  upland  crop  generally  is  about 
a  week  later  than  then  ;  on  the  former,  as  well  as  bottom  lands  in 
general,  a  large  crop  is  certain,  but  on  uplands  the  yield  must  be 
very  short  if  frost  should  come  sufficiently  early  to  prevent  the 
maturity  of  any  second  growth  that  may  have  taken  place  since 
the  middle  of  August.  It  was  to  the  unusual  fact  that  such  a 
second  growth  did  mature  last  year  that  the  large  crop  must  be 
attributed.  The  Gulf  coast  ot  Texas  will  send  forward  this  year 
a  much  larger  proportion  of  the  crop  than  ever  before. 
•  *  *  Taking  into  account  the  natural  increase 
of  150,000  bales,  and  about  the  same  amount  from 
overflowed  lands  in  excess  of  last  year,  we  think 
the  crop  likely  to  reach  4,000,000,*  though  this  estimate  is  liab'.e 
both  to  diminution  or  increase,  as  the  occurrence  of  frosts  may  be 
earlier  or  later  than  the  average  dale  of  the  past  fifteen  years- 
which  has  been  the  10th  of  November.  No  reliable  estimate  of 
the  crop  at  large  can  now  be  made,  having  reference  solely  to  the 
receipts  early  in  the  season,  as  compared  with  previous  years,  in 
consequence  of  the  greatly  increased  facilities  for  hanging  the 
crop  forward." 

^Frmn  the  Mobile  Journal  of  Commerce  Letter  Sheet  Price  Current,  Sept.  i,  1859.] 
"  The  Growing  Crop. — So  far  as  we  can  judge  from  the  re- 
ports which  reach  us  from  the  cotton  country  by  the  various 
sources,  we  cannot  but  look  upon  the  prospects  for  a  good  yield 
as  in  a  high  degree  favorable.  The  planting  season  came  a  week 
or  two  later  than  last  year,  but  was  succeeded  by  genial  weather 
and  planters  generally  obtained  good  stands.  Until  August  the 
weather  continued  all  that  could  be  desired  ;  then  a  two  weeli's 
rain  rather  darkened  their  prospect,  and  the  exchanges  through- 
out the  country  were  full  of  the  usual  complaints — of  rot,  over- 
growth of  weed  and  shedding  of  forms — ^incident  to  wet  seasons. 
Since  then  there  has  been  an  evident  rise  in  their  spirits,  and  now 
they  wear  cheerful  faces.  The  good  prices  paid  during  the  two 
past  seasons  has  caused  the  opening  to  cultivation  of  large  tracts 
of  new  land,  and  this  circumstance  cannot  be  without  its  efTect  in 
swelling  the  receipts  of  the  staple.  Many  contingencies,  how. 
ever,  may  yet  arise  to  cause  a  blight  in  the  prospect  and  knock 
all  calculations  into  pi — a  heavy  frost  or  bad  weather  during  the 
picking  season,  for  instance,  may  considerably  reduce  the  figures." 

•Meaning  a  "commercial  crop"  of  4,000,000  bales,  exc'ndiog  the  cotton 
coneumcd  lu  the  South. 

These  reminiscences  of  the  crop  prospect  as  it 
appeared  in  September,  1859,  are  interesting  just  now 
not  only  because  the  crop  then  estimated  to  reach 
4,000,000  bales  under  favorable  circumstances  during 
the  Fall,  counted  up  4,675, VTO  bales  in  "commercial 
crop,"  or  4,861,292  bales  including  Southern  consump- 
tion, but  still  more  because  the  descriptions  of  the 
condition  of  that  crop  on  the  first  of  September  would 
so  well,  and  on  so  many  points,  describe  the  condition 
of  the  crop  in  1875  at  same  date;  the  principal  difference 
being  in  the  time  of  the  occurrence  of  the  August  rain, 
and  that  a  very  slight  difference,  apparently  in  favor  of 
the  condition  in  1875.  Similar  tardy  planting,  succeed- 
ing dry  and  genial  weather;  drought  in  some  sections  of 
upland  country;  August  rains,  complaints  of  shedding 
and  rot  and  overgrowth  of  weed;  in  some  places  good 
prospect,  but  depending  upon  a  late  and  favorable  pick- 
ing season — all  these  are  very  nearly  alike  down  to  the 
end  of  August.  But  the  maturing  and  picking  season 
in  1859  was  favorable  beyond  any  other  in  character 
and  duration.  "We  have  to  see  what  will  be  that  of 
1875. 

In  the  previous  year,  1858,  the  commercial  crop  was 
8,851,481  bales,  the  whole  crop  4,018,914,  larger  by 
about  450,000  than  any  previous  one,  and  the  estimate 
of  4,000,000  in  1859  was  evidently  intended  to  be  a 
large  one,  yet  it  was  exceeded  by  076,000  bales,  because 
of  the  extraordinary  season  in  which  it  matured. 

If  the  caution  against  estimates  of  crop  founded 
upon  early  receipts,  because  of  greatly  increased  facilities 
in  moving  the  cotton,  was  called  for  in  1859,  and  it  was, 
how  much  more  should  it  be  regarded  now  ? 

CoiTOK   BSOKEB, 


UNITED  STATES  IMPORTS  AND  EXPORTS  FOR  JULY. 

The  following  statement  of  the  imports  and  exports  of  mer- 
chandise into  ami  from  the  several  ports  of  the  United  States 
daring  the  month  ended  July  81, 1875,  is  furnished  by  tlie  Chief 
of  the  Bureau  of  Statistics : 


Importt. 
Customs  Districts.       (Specie  ralnes.) 

BsUimoro.  Md $3,503,866 

Bonnfort,  8.  C 8.471 

Boston  &  Charlest'n,  Mass.  3,STC,IH 

Charleston,  8.  C 10,431 

OalvestOD,  Texas 101,965 

Mobili',  Ala 25,887 

New  Orleans,  I.a 790,065 

Now  York.  N.T 26,189,864 

Norfolk  and  Portsm'h,  Va. .  3,819 

Philadelphia,  Pa    8,055,991 

Portland  and  Fttlm'th,  Me..  104.935 

San  Francisco,  Cal 2,510,084 

SHvanniih,  Ga 301 

Wilmington,  N.  C 

All  others 2,411,8.')9 

Total  for  July,  1875 $41,286,391 

"      1874 47,  6a,4-.6 

"    7  mos.  end.  July  31, '75.  316,104,7:13 
"  "  "     '74.  351,136,903 

Specie  and  bul'n  f or  J'ly,' 75.      1 , 1 26,640 
"  •'  "    '74.      1,296,142 

"  "      for  7  mos. 

ended  July  31,  1875 13,403,861 

Specie  and  bullion  for  7  mos. 

ended  July  81,  1874 7,922,350 


Domestic  exports. 
(Carrency  values, 
except  exports  from 
Paciilc  Const,  which 
are  in  specie.) 
$2,390,048 
23.675 
3,269,409 
151.149 
329,9)3 
9,740 
1,66'<,540 
23,671,774 
18,40.S 
3,0-39,252 
138,866 
1,514,890 
65.61)8 
817.147 
4,983,679 


$11,485,177 

40,967,184 

322,838,872 

376,913,361 

6  112,611 

3,7n,3li6 

55,917,999 

36,870,018 


Forelpi 
exports. 
(Specie  values.) 
$11,691 

86,957 

44,364 

loiisi 

764,705 

"ao 

81,978 
101,268 

136,696 

$1,179,838 

l,14a.9t8 

7,9-J9,ii03 

9,679.518 

289.904 

299,679 

0,669,868 

4,587  ,.306 


00U>  VALUES  or  DOMESTIC  EXP0BT3. 


Month  ended  July  81,  1875 $34,786,800 

Mon'h  ended  July  31,  1874. 37.411,576 

Seven  mouth'!  ended  July  31,  1875 269,423,700 

Seven  months  ended  July  31,  18T4 a38,,334,715 

The  following,  showing  the  amount  of  decrease  in  the  exports 
of  the  principal  articles  of  British  and  Irish  produce  and  manu- 
facture from  the  United  Kingdom  to  the  United  States  during  the 
seven  months  ended  July  31,  1875,  as  compared  with  the  corre- 
sponding period  of  1874,  is  also  furnished  by  the  Chief  of  the 
Bureau  of  Statistics. 

DECREASB  OF  BRmSH   EXPORTS  TO  THE  UNITED  STATES. 


Commodities. 

Alkali £ 

Apparel " 

Beer  and  ale bb'.s. 

Copper,  unwrought ,  cwts. 

"        raannfttctured " 

Haberdashery  and  millinery £ 

Hardware  and  cutlery " 

Iron,  pig. 
"     ba 


..  ..tiyne. 


ar,  anirl  e,  bolt  and  rod 

"     railroad  of  all  sorts " 

'*     cast  or  wrought  " 

"     old,  for  re  manufacture .».     " 

Steel,  unwrought 

Lead,  pig.  rolled,  sheet,  piping  and  tabiag tons. 

Linen  piece  goods 

Machinery 

Pap.-r,  writing  or  printing,  and  envel<^>a8 

other  kinds  

Salt 

Silk  manufactures,  broad  stntTs  

"    ribbons  

"    other  articles  of  silk 

"    articles  o;  silk  and  other  materials 

Stationery,  other  show  paper  

Tin.  unwrouglit 

Worsted  studs  — 

Carpets  


1874. 

6«5.898 

127,729 

27,376 

724 

707 

433,634 

381,334 

152,619 

2.379 

72,631 

15,018 

5,2,59 

7,603 

1,4.55 

1,994,880 

12,5, 79t 

24,046 

ir,8t'2 

98,933 
97,771 
19,807 
92,053 
42.208 
63,065 

20(5,109 
1,790,591 

420,198 


1875. 

S63.617 

58,889 

25,922 

20 

99 

351,023 

340,819 

129.579 

1,762 

17.439 

5,724 

4,415 

B,8S7 

102 

1,879,928 

lu8,02t 

■  12.263 

9,202 

98,361 

67,099 

10,289 

45,599 

18,192 

40,425 

51,534 

1,392,311 

218,970 


—The  hoisting  engine  sold  by  Mr.  A-.  Carr,  of  this  city,  embraces 
several  novel  features  which  adapt  it  to  the  needs  of  builders, 
warehousemen,  ship  owners  and  others.  One  of  the  points  said  to 
be  gained  by  its  peculiar  construction  is  the  steadiness  and  safety 
from  accident  insured  by  the  method  of  transmitting;  the  power  of 
the  engine  to  the  drum  on  which  the  rope  is  coiled  by  internal 
friction  gearing,  this  being  one  ot  its  most  decided  peculiariiies. 
The  advantages  of  this  kind  of  gearing  for  a  hoisting  engine  are  that 
it  is  smooth  and  noiseless  in  its  action,  while  it  can  be  thrown  in 
and  out  of  gear  easily  without  the  slightest  jar  to  the  machine. 
Besides  these  general  advantages,  the  internal  friction  gearing  has 
other  points  of  superiority  which  are  fully  detailed  in  Mr.  Carr's 
circulars,  and  parties  about  to  purchase  might  do  well  to  examine 
this  machine. 

— The  Board  of  Trustees  of  the  Mariposa  Land  &  Mining 
Company  have  levied  an  assessment  of  one  dollar  per  share  on  the 
capital  stock  of  the  company,  both  preferred  and  common,  payable 
immediately.  Delinquents  will  be  sold  Oct.  11,  1875.  This  will 
give  the  company  $150,000  of  money,  with  which  to  prosecute 
their  operations  already  so  favorably  begun,  and  it  will  undoubt- 
edly have  a  favorable  influence  on  the  stock  eventually,  as  they 
secure  a  fund,  as  before  noted,  without  involving  the  company  in 
any  indebtedness  which  might  be  troublesome  hereafter. 

—The  Bank  of  North  America,  No.  44  Wall  street,  will  pay  on 
and  after  Sept.  1,  on  presentation  of  the  proper  coupons,  the 
interest  on  the  eight  per  cent  convertible  bonds  of  the  Hannibal  & 
St.  Joseph  railroad  company  maturing  that  date. 

•  —Detroit  City  bonds  lately  sold  at  104i@105  for  $100,000  of  the 
7  per  cent  bonds  of  the  new  $1,000,000  loan.  Messrs,  David  Pres- 
ton &  Co.,  Bankers,  Detroit,  are  now  quoting  the  7  pei  cent  bonds 
oftliatcityatl08@104i, 


August  28, 1875.) 


THK   iJHRONICLE' 


197 


RESERVES  OP  THE  ^HmUl  BANKS— JULY  1. 

Table  or  thb  Statb   of  the  L*wrci.  Moset  Kksbryb  or  tub  Nationai,  Basks 

reports  of  their  condition  to  the  Comptroller  of  the  Currency,  at  the  close  of 


Kombcr 
of 
»TATn  AXD  Tnarr't.  Baaki. 


M 

48 
118 


M« 

Vaawiit 

Maanckuetts,. 


Dcpoalla. 


Oooaecticat. < 

NswYock 

NewJeraejr 

PvanajlTania. 

Dalawaf* 

KarjUad 

Dbtrlctof  ColubU.. 

VlrjlnU 

Wcat  VlfglnU 

XofttCaroUaa 

BMihOHoUna 


AlabuM.. 
Taxaa 


Oklo 

ladi 
Illfi 


U 
MT 

« 

m 
II 
n 

» 
i« 
II 
It 
i« 
1 
a 

10 

t 

41 
17 
IM 
M* 

1« 

« 
41 

n 

m 


Rctarra 
Bcqalrad. 

441.146 

MS,S84 

M*i» 

i.4aiL«M 

T.aH,M3 

tMLtat 


M7.1M 

tuma 


41MM 


lTl.t»« 
11.016 


Bnerre 

tvsiun 

1.410.880 

1.6M,U7 

11.101,118 

7.l8t.lM 

i5.i<a,we 
M,n4349 

M8,US 
8H,7n 
U4.449 
1,M7.M8 
»I1,I« 
H0.8TS 

sn.iM 

4«,M0 


Main 
a«,aii 

«t.SM 


tlMiO 
74. «« 

i.K*.«e 


$,m.m 


I.MI.70I 

•mjm 


Ptah. 

Mr*  Mexico. 

Wyomlac.... 


440.««» 
IMltet 

tm.iN 

41I.U4 
U.Mi 
Mk4» 
M^4«ft 
tt.t«l 
ll.l«i 
144JM 


•,771,013 
«i.«I.M4 

i^4a,isi 
4,4n;i74 

l.«M4t 
l.M>4St 

lourto 

LOBUtl 
t4*,7M 
4S(.0I0 

utmjm 

14MU 


4a.*u> 

10.711 
1».411 


Batio 
of 
Rewrre. 
31  S 
47S 
18-8 
801 
U  1 
40-7 
M'7 
889 
11  t 
19  1 
»-7 
4B1 
M-8 
<!• 
M  9 
Wl 
4S  7 
Ml 
49- 8 

as 

W5 
44  1 

«-4 

188 
113 
816 
*1 

»'8 

ail 

M-» 
M'5 
184 
M9 

*'S 
Ml 
» 
41-7 

US 

t; 

801 
119 
11  6 


Due  from 

Reserve 

Agents. 

tl,6U,01i> 

97*.  aw 

««*,*fl7 

7.191,888 

1,0)1,148 

4,891,482 

9,4;S,5<9 

4,948,664 

^n<,4IIO 

1«7,]74 

898,918 

m,7;o 
«m,8i6 

176.166 
1S8,6SS 

ao6,on 

»4,167 
11.013 

ia.48T 

lil.-116 

88  804 

1.0H.468 

47t,0n8 
a.T19,00« 
l.S«,9I4 
3,7M,786 

Mi,4a 

87t.ttt 

t,»i,8ia 
8st.oai 
R«,r4 

»8i:64 
74ft,MI 
117.891 
11B,*SS 

400.401 
11,818 
89.»M 
10,198 

40,  US 


I87i. 

OF  THE  United  States,  as  shown  by  the 
business  on  J  une  30.  1S75. 

-ClaiwUlcatloa  of  Kcserve  Held. , 

U.  S.      Five  per  cent 


Specie. 

ti«,ktl 
1.985 
16.500 
&l,781 
'1&,139 
43.070 
196,414 

46,«ae 

5S,«I 

401 

9.831 

1.919 

0,113 

8,109 

87,171 

11,101 

88,695 

97 

1S.08O 

in.oBO 

8,*1S 
•0,108 

U.TM 
10,384 
51,194 
16.810 

10.1« 

18,184 
10.443 
S.18S 
4.479 
4B.8M 

m.i8ft 

1M060 

11,111 

881 

SfS 

10,90* 

77 

11.183 


Le{;al 
Tenders. 

t4«it.3i>9 
l!i9,391 
8S7.308 

I,8<i9.6i3 
58l.^t^« 

I,4.<»Sa7 

s.';4r.480 

1.114.486 
3,183,097 
186,or7 
810,998 
9<>.600 
603,4% 
151,114 
406.300 

sii.rai 

45'*,  155 

♦7,000 

IS4,«84 

175,034 

t6.6;S 

631.901 

690.1S1 

3.143.946 

l.-'S  11.481 

1.4K1.910 

975.194 

646.  i55 

i.sn.sii 

•<l8.9-8 
41»,1«1 
tSIAI 
19B.39S 
61,800 

4«i5si 
110,881 
64.931 
41.966 
18,501 
1,1«0 
81,110 


Certlflcatea     redeuipUon 

ofDepoflitfl.  fund. 

$5,000  $408,001 

330,195 

846,541 

145,000  1,709.800 

660.686 

910,194 

385.000  1,3S«,';6S 

180,000  54&,100 

40.0U0  1,193,9^8 

10,000  64,591 

10,000  91.015 

11,880 

134,813 

76,143 

98,160 

79,450 

97,875 

1,160 

10,170 

39.860 

9,150 

10,000  881.164 

.      .  l«7,4rr 

813.381 

10,000  691.684 

456  374 

161519 

m.rOO  113,910 

134,960 

135.975 

5.000  80.414 

97,989 

41,190 

11,160 

■.■.■.■;:  KijKb 

4,600 

1J.600 

1,700 

4900 


1M10 


To*»l 

RaiiBT*  Cntm. 


tjHft       »71V 


Altaay 

FMMiipkla 

Ptttibaffsb ■••. 


I 


WaililMloa. 
HewOrlaaaa. 
Loaterllla.... 

MOwaakM! 


RvwTorkCiij. 
BaarnuMtea.. 


•1 

7 


M 

4 
T 
• 

• 
18 
8 

a 

7 

"ST 

41 

1 


;.nMi4 


l<.MtM8 

i5.a«jn 
ijaiw 

ii,< — 

4,1 


gnigi_an      ti8ft_iM.m 


ijnt-tri 

11IM.TW 

••as 

1.7»4.0I4 

8*0.181 

MMg4 

vSSu 


83*        $38,488,618        $l,10(l^«        $38,810,141 


$830,000      $11,114,611 


•JM.M 
UM.T1B 


i.4Di,a*» 


atlUiSlMI 

IilMBUH 

•lA,aMM 


IJlOJlt 

i,n*,8M 

«,I«I,A4* 

"mmmh 

■HL88I.7T8 
»l^l8t481 


81 

407 

ai 

81  1 

r  • 

St  4 

«7-« 

13 

8*1 

»• 

ai3 

87  S 
IT  t 
48-1 

146 

18-1 
Ml 


$•,181,100 
1,014.1m 
&.1163S0 
1.111,154 
l,««t.l11 


i,8n,iit 


t,ii«.«i 

»«k888 

•e«,»io 

i3ti,8a» 

$S1,»1,4I5 


11,188,388 

7.149 

1B1,M8 

11,401 

iKon 

4,1*8 

118,  lU 

M« 

18.Wt 

18JW 

198,806 

8,718 
1,018 
16,176 

$13,618,118 

$i,ir — 


$4,1SE.18» 

$8,080,000 

$1,375,111 

7S8,«70 

880.000 

81.641 

6,161,419 

8^740,000 

588,509 

l,163,rn) 

100,000 

834.807 

1,116.848 

1,06,000 

330,695 

1/-AK18 



48,150 

1171,458 

40,000 

98,754 

10:.496 



14I,0H 

781.300 

190.000 

198,880 

,78^000 

«.000 

110,091 

a.08L988 

866,000 

180,915 

808.1181 

97.650 

SIOAiS 

86,000 

11,190 

1,117.860 

130,000 

80.1U) 

$19,000,161 
fit,' 


$10,390,000      $3,681,091 
,788.431       $86,010,000       $1,130,149 


'  lad*4w>li— lllii    t  Raatnr*  oMJUHMal*  Ootd  1 


I  *«t«Hi  of  Saa  rnadatoU  IS  pm  emt  oo  clrcalatton  and  IB  per  eeot  of  depoalu. 


Cateft  illoiutara  anil  (Somurctal  (SngUil)  Nevi 


AT  I.AT 


mnmi 


ntvunman- 


Aatmry 


r*ri* 


•««*. 

VMakfort  . 
•t.  PK—bm 

S4U...._. 
•koa.  ... 


than.     U.I* 

8  naMba.'*L«7M 

...      •lt.*a 
'   •kort.    ,«.I1H 
aa0alkaLl8.46 
n.36 


Alasaadrla 


niif,. 


n.fii«i  isi.4tM 
»jimPt.«ij< 


*i»-1««tlM« 


BCOaiJMI  on  LOHDOH. 


hSth 


18.M 

tii!48 

10.41 
M.4I 

ma 


•I* 


U.  I*  I-18A 
U.  10  8- MA 
4«.  1W<<. 
M.7XA 


4».1K' 


•^ 


MHi. 


l^raa  osr  owa  aani^sBlaBt.) 

LoMlKni.  BataidAT.  Aoff.  14.  1075. 
TIm  baak  imla  baa  hma  redoecd  lUs  weak  to  the  low  figar*  of 
%  par  eaat,  and  *•  It  is  tbo  practioa  of  tba  direetora  not  to  put 
down  thair  tama  for  moaey  below  that  point,  the  probability  ia 
that  tba  offldal  miMwtum  will  remain  at  2  par  cant  for  soma  Uom 
to  cone.  In  oo  qnartac  U  aoy  actlrity  In  the  damand  for  mooay 
diapUyad,  and,  in  addittoo,  tliera  an  no  Indication*  of  any  immadl- 
ai;  «r,  lsd*«d,  proapaaUT*  loproranaat.  Tiada  ramaln*  azlrame- 


ly  q«i*L  Thara  la  no  animation  in  any  quarter,  and  owing,  in 
aoaa  mtamrr.  to  the  dlffleolllea  rhich  hare  arlaen  respf-ctlng 
•MommodatloB  bill*,  a  atrong  de*ira  1*  *hown  to  refrain  from 
**lariac  into  large  en^agamaot*.  No  doubt,  if  the  bank*  and  dig- 
ooaat  hos*ca  were  willing  to  land,  a  atimulu*  would  be  given  to 
Irada ;  but  thai*  i*  Jn*t  now  eon*iderable  diatruat,  and  until  lend- 
aia  hare  more  eonfldenea  in  tha  borrowing  aection  of  the  commun- 
ity, *jiy  reriral  of  actira  trade  i*  almost  impracticable.  We 
aoal  aatleipata  therefore  an  unchecked  accumulation  of  money 
ao  thi*  market,  and  a  loog  period  of  very  ea*y  rates  of  diacount. 
SooM  day,  no  doubt,  an  outlet  will  be  discovered  for  our  surplus 
eaphal,  bat  at  the  preaeot  time  it  is  difficult  to  foresee  in  what 
dlraetion  the  public  will  ba  tempted  to  make  Inrestment*. 

Tha  laat  oeoasion  on  which  the  bank  rate  was  at  3  per  cent  was 
on  tha  ISlh  of  July,  1S71.  It  waa  also  at  2  per  cent  some  montlis 
aftar  tba  great  panic  of  18M,  ris.,  on  July  3.5,  1807,  and  remained 
*(>kl^%>"^  until  Norembar  19,  1868. 

A$  areaalt  of  the  large  amoonts  of  money  unemployed  loan*  in 
vbe  Stock  Exchange  from  day  to  day  are  obtainable  at  1  per  cent, 
and  aran  nnder  1  per  oent,  and  In  the  diacount  market  the  quota- 
tion* ai*  a*  follow* : 

Far  cent. 


BaakiaU 

Opaa-aarkat  rate* : 

Ioaad60d.tri'  bills. 

1  monlha' bllU 


Faresat. 
1 


IMC 


4  month*' bank  bills. 
6  moDtb*'  bank  bllla 


iUatJi 


i»aiK 

4  and  6  monlbi'  trade  bllli.  1    QIH 


The  ratea  of  money  at  tha  leading  citie*  abroad  are  sa  follows  : 


liaBkOpea 
rate,  aiarket. 
par  cant,  percent 


4 

i' 

4 
*)i 

6 
4 


45< 
4* 
4« 

8X 


Bank     Open 
rate,  market 
per  cent,  per  cant. 


a: 

Berlin 

Praakfort 

VIeanaandTriaata..  . 
Madrid.  Ob4U  and  Sar- 

ealoaa 

Mebon  and  Oporto — 

Bt-Patanborc 

The  rates  of  Intereat  allowad  by  the  Joint-*(ook  banit*  and  -dis- 
oount  honae*  for  deposit*  are  a*  follows : 


BnieMdi 

3           8 

TariD,  Florenco    and 
Rono 

5  4)( 

6  4V 

Drt'inoti ■ 

L«lp«1f 

Qenera 

New  York 

8^3XfS 

....  4  a*x 

Calrntta  

8«     .*. 

Copenbagen 

»        tH 

198 


(THE   CHRONICLR 


[August  28,  1375. 


Per  cent. 

Joint-stock  bank! 1   &.... 

Discoanttioaseaatcall 1    &.  .- 

Qiscoant  hoasee  with  7  days'  notice 1X(^  ■■■ 

Discount  hoaaes  wlthHdaTt' notice...  - 1X(3 — 

Annexed  ia  a  statement  showing  the  present  position  of  the  Bank 

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

the  tLyet&ge  quotation  for  Enjflish  wheat,  the  price  of   Middling 

Upland   cotton,    of   No.    40    Mule    yarn    fair   second    qualit} , 

and  the   Bankers'   Clearing;   House  return,  compared  with  the 

four  previous  years  : 

1871.  187».  1878.  1874.            1875. 

Clrcnlation,  Incladlng      £  £  £  £                £ 

bank  post  bills 85.(1113  4.32  811,717.607  86,1565,648  S7.S58.859  88.893,683 

Public  llcpo?ltB 4,6H8,S.)0  7,135,49li  l>,5.W,«5J  .S,8«:,7ipS  3,4)0,tiX!) 

Other  d«im«itB 83,178.14)  81,313,114  17,439,0)9  18,597.U9  85.(101,561 

Uovernment securities.  :4,ib8,8li8  l.").3uH,411  13,896,583  U.59.3,459  13.78'i,9oJ 

Other  securities 16,698,89J  81,637,697  16,470,3^6  17,368,429  18,192,567 

Roserve  of  notes  and 

colu 15,835,769  11,841,698  12,713,683  9,992,795  16,415,077 

Coin    and  bullion  ic 

.both  departments....  26,333,009  83,120,581  23,950,698  81,858,415  28,895,902 


Bank-rate ip.c. 

Oonnols 9SX 

Bnglish  wheat 68e.  (M. 

Hid.  Upland  cotton    ..  8;id. 

No.40niuleyarnfalr  Id 
qnalit; Is.  iiii. 


3X  P-  e-  3>»  P-  c-  ■*  P-  c-  *  P-  ■=• 

92X.  92X  92X.  94!^  ■ 

S9s.  5d.  B9s.  lid.  68s.  bd.  &Sb.  lOd. 

lOd.  8J<d.  8Xd.  •TXd. 

Is.  SXd.  Is.  1X«.  is.  OVd.  'lid. 


Ang.  6. 
60    ®  51 


Clearing  House  retnni.106,030,000  114,351,000  109,858,000    99,001,000    93,881,000 

•  Prices  Angnet  5. 

The  proportion  of  reserve  to  liabilities  at  the  Bank  is  now  as 
much  as  52  1  3  per  cent,  against  51  per  cent  last  week. 

There  have  been  large  arrivals  of  gold,  chiefly  from  Australia, 
aqd  in  the  absence  of  an  export  demand,  considerable  supplies 
have  been  sent  into  the  Bank.  The  nex',  two  monthly  mails  from 
Australia  will  also  bring  large  supplies,  viz.,  about  £1,500,000. 
Silver  is  scarce  and  has  realized  somewhat  higher  quotations. 
The  prices  of  bullion  are  now  as  under : 

eOLD. 

BarOold per  oz.  standard, 

Bai  Gold,  fine per  oz.  standard. 

Ba/ Gold,  rennsble per  oz.  standard . 

Spanish  Doubloons per  oz. 

Boulh  American  Ooubloons , peroz, 

UnitedStatesGoldao'"  per oi. 

SILVXR.  B. 

Bar  Sliver,  Fine per  oz.  standard. 

Bar  Silver,  containing  5  grs.  Gold peroz.     do 

Meilcan  Dollars per  oz.,  last  price 

Spanish  Dollars  (Caroms) per  oz.  none  here      ® 

Five  Franc  Pieces peroz.      ...        &    ... 

The  stock  markets  have  been  wanting  in  animation,  but  the 

abundance  of  money  has  caused  a  firm  tone  to  prevail,  and  the 

tendency  of  prices   has  been  favorable.    American  Government 

and  railroad  securities  have  attracted  attention,  and  are  quoted  at 

higher  prices.     Theclosinf^  quotations  of  consols  and  the  principal 

American  securities   at  to  day's  market,  compared  with  those  of 

yesteiday  week  are  subjoined  : 

Aug.  14. 
94Ji@  .... 

109  @no 
....&  .... 
....&  ..., 

107  &m}i 
loi)  @un 

108  (ai08X 

....&  .... 

105    laiOSif 


s. 

d.       s.  d 

77 

9  la  ... 

77 

9  (a  .... 

77  11  a  -.-. 

..  @  .... 

..  &  .... 

76 

sxa  .... 

d. 

s.    d. 

66X 

(a  .... 

56  11163  .... 

Bl% 

a  .... 

Redm 

Consols 

United  Stales,  68 1381 

Do       5-20year8.  6s 1688 

Do       68  1884 

Do       68 1885 

Do       68 1885 

a.  8. 1867,t371,346,350  Iss.  to  Feb.  37,'69,  6s....  1887 

Do       58 187« 

Do  funded,  58 1881 

Do  10-40,58 1904 

Louittiana,  old,  68 

Do        new,  6s 

Do        levee,  8s 

Do  do    8b  1875 

Do  do    68 

MaBsacbusetts  Ss 1888 


Au?.  e. 
943<@  94X 
109    @110 

....a  ... 

....®  .  .. 

io7X(aio8 

lOB    iai07 
108«®106K 
....&  .... 
101    @lfl4>i 

1U6  &un 

....© .... 


....(a  .... 

25    (a  35 
85    (a  35 

100    @1C2 

100  laios 

100    @108 
100    (ai(l2 

iijO  (airs 

100    &lOi 

....® ... 

32    (a  35 
iiX&  53X 

AHKRICAN  DOLLAR  BONDS  AND  SHARES. 


Do  68 1894 

Do  5s IPOO 

Do  5s 1889 

Do  Bs 1891 

Do  5s 1891 

Do  58,  scrip  and  bonds 1895 

Virginia  stock  6e* 

Do  New  funded  68 1905 


Atlantic  &  Great  Western  Ist  M.,  $1,000,  7s. ..1908 
Do  8d  mort.,  $1.000, 78.. 1903 

Do  8d  mort.,  $1,000 1908 

Atlantic  Missis-ippi  &  Ohio,  Con.  mort.,  78 1905 

Baltimore  &  Potomac  (Main  Line)  let  mort,  6s.  1911 
do  (TuDncI)  l8t  raortgiige,  68, 

(guar.  byPennBylvaiiiscfcNo.  Cent.Railway).1911 

CetiirttI  of  New  Jerpey.  cone.  mort..  7b 1899 

Central  Pacific  of  Carifoniia,  Ist  mort.,  6s..;. .1896 
Do  California  &  Oregon  Div.,  1st 

mortgage  gold  bonds.  «e 1892 

Detroit  <fe  Milwaukee  Ist  mortgage,  7s 1815 

Do  2d  mortgage,  8s 1876 


30    (a  3) 

14  (a  16 
Bx<a  6jtf 

45    (a  47 
84    (3  86 

83    &  85 
^)^&  «7>tf 
91    &  93 


@  45 
®  45 


Brie  $100  shares .      \iX®  13)i 

Do  preference,  7a .  84    (a  26 

Do  conveitible  gold  bonds,  7s 1904      38    (3  40 

Galveston  &  llarrisburg,  l8t  mortgage,  68 1911      63    @  75 

Illinois  Central,  $100  shares  ..        88    @  88 

Lehkh  Valles  consolidated  mortgage,  6s 1983     88^®  89)f 

Marietta  &  Cincinnati  Railway,  Ts 1891      95    ©97 

Missouri  Kansas  &  Texas,  let  mort.,  guar,  gold  * 

bond:!,  Knglish,  7s 19C4      48 

New  York  Boston  &  Monlreal,  7s .,1903 

New  York  Central  &  Hudson  Uivermortg.  bonds.. 

New  York  Central  $100  shares  

Oregon  &  Califuinia,  let  mort,  78  1890 

do       Frankfurt  I  ommlt'e  Receipts,  z  coup.      24 

Pennsylvania,  $.50  shares 47 

Do.  l8t  mort.,  6s 1880 


(3  46 

....&  ... 

105;t®lC6)i 

98    (3  94 

86    (a  28 

-      (3  26 

(3  48 

&  .... 


25    (3  35 

25  (3  36 

101    (3103 

loi  ecio3 

101  (3103 

101  ©103 

101  ©103 

101  ©103 

100  ©108 

32  ©  85 

53  ©  51 

30  ©  38 
li  ©  16 
5X©    6>i 

46    ©  48 

86  ©  88 

83  ©  85 
9"!    ©  97 

92  ©  94 

81  ©  86 
35  ©  45 
35  ©  45 
1334®  133i 
28  ©  SO 
38  ©  40 
65    ©  75 

87  ©  89 
88)i@  89>^ 
98    ©100 

48    ©46 
....©    ... 
105)f©106)f 

93  ©  95 

26  ©  88 
21  ©  23 
45  ©  46 
....©  .... 


Uedm, 

Philadelphia  AReadlngtSO  sbares 

Plttehnrg  Fort  Wayne  4  Chicago  eqnlpment 

bonds  (guar,  by  Pennsylvania  Co.).  88 100    ©103 

Union  Pacific  Land  Grant  Ist  mort.,  7s 1889      90    (3  93 

Union  Pacific  Bailway,  Ist  mortgage,  6's 1898      90    (3  93 

AMERICAN  SnaUNe  BONDS. 

Allegheny  Valley,  guar,  by  Penn.  R'yCo 1910      82Xtt  90Ji 

Atlantic  &,  Ot.  Western  consol.  mort,  Bischoff. 

cert».(a),78 1890 

Atlantic  &  Gt.  W.,  re-ori»anlzatton  fcrlp.  Is..  .1874 
Do.  do.       leased  lines  reotsl  trust,  7s. 1908 

Do  do.  do.  1873, 7s.lun) 

Do.  do.       Western  eiten.,  8« .1876 

Do.  do.  do.  7s,  guar,  by  Eric  R'y. 

Baltimore  &  Ohio,  6s 1x9.3 

Do  «s 1902 

Do.  6s 1910 

Barllngton  Cedar  Rapids  &  Minnesota,  7a 19U8 

Cairo  &  Vlncennes,  7b 1909 

Chicago  &  Alton  sterling  consol,  mort,  oe 1903 

Chicago  cfc  Paducah  1st  mort.  gold  bonds,  7s... 1908 

Cleveland,  Columbus.  Cin.  &  Ind.  con.  mort 

Eastern  Railway  ot  Massachusetts,  6d 1893 

Erie  convertible  bonds,  68 1H75 

Do.  cons.  mort.  fur  con  v.  of  existing  bondB,7s.l920 

Do.  second  mort,  78  ....1894 

Oilman  Clinton  &  Springfield  Ist  mort,goId,7s. .  1900 

Illinois  &  St.  Louis  Bridge  Ist  mort.  78 1900 

Do.  do.  8dmort.,7B 

Dlinols  Central,  sinking  fund,  58 i 1903 

Do.  do  68 1895 

Illinois  Missouri  &  Texas  Ist  mort  78 18i*l 

Lehigh  Valley  conf*ol,  mort.  ''A,'*  68 

Louisville  &  Nashville,  68 19  3 

Memphis  &,  Ohio  Ist  mort  7s  1901 

Milwaukee  &  Si,  Paul.  Ist  mort  78 1908 

New  York  cfc  Canada  R'way,  guar,  by  tbe  Dela- 
ware &  Hudson  Canal  scrip,  68 1304 

N.  Y.  Central  &  Hudson  Uiv.  mort.  bonds,  6s..  1903 
Northern  Central  K'way,  consol.  morjt,, St....  I9C4 

Panama  geneial  mortgage,  7s 1897 

Paris  &  Decatur 1892 

Pennsylvania  ceneral  mort  6s 1 910 

Do.  consol.  sink'g  fund  mort  6s...   .1905 

Perklomen  con.  mort.  (June  '73)  guar,  by  Phil. 

&Rea<ling,  6s 1913 

Phil  &  Erie  1st  mort.  (guar,  by  Penn.RR.)  68, .  1881 

Do.         with  option  to  be  paid  in  Phil.,  6s  . . . 

Phil,  &  Erie  gen.  mort(gnur.  by  Penn.  HR.)6s,1920 

Phil.  &  Reading  general  consol.  mort  6s 1911 

Do.  lmp.mort,63 1897    101Ji©10-.'>^ 

Do.  gen.  mort,  1874,  scrip,  6's...' 97    ©93 

South  &  North  Alabama  bonds,  68 ■ 86    ©88 

St.  Louia  Tunnel  1st  mort.  (guar,  by  the  Illinois 

&  St.  Louts  Bridge  Co.)  9« 1838      60    ©70 

Union  Pacific  R  lilway,  Omaha  Bridge,  8s..      .1896      97    @  99 

UnitedNew  Jersey  Railway  and  CanaL  (IB 1894    I0«    ©107 

Do.  do.     .       do.  do.  88 1901    106    ©107 


Aug.  14. 
60    ©  51 


100 
91 
98 

90 


tl08 
•3 

©  94 

©  91 


43  ©  48 
30  ©  84 
30  ©  35 
m  ©  40 
108X©109X 

108  ©109 
....©  .... 

48  ©  58 

108  ©103 

88  ©  65 

88  ©  84 

101  ©108 

68  ©  78 


,103 
10l><©10S« 
»1>i@  9S« 
86    ©  88 

60  ©  70 

97  ©  99 

107  ©103 

107  ©:(.8 


*Bx  6  conpons,  Janoory,  Igli,  to  July,  1874,  inclaalTb 


The  weather  having  been  unsettled  during  the  week  the  trade 
for  wheat  has   been  firm,  and  prices   have  advanced  about  3s. 
per  quarter.     The  following  remarks  from  a  prominent  agricul- 
tural journal,  The  Farmer,  confirms  the  remarks  I  have  lately 
ventured  to  make  regarding  the  crops : 

Harvest  operations  have  already  commenced  in  several  districts  with  the 
cutting  of  the  oat  crop,  and  in  another  week  or  ten  days  reaping  wi;l  be  general 
throu  bout  the  country,  except  in  tome  of  the  uuu>Uilly  late  localities.  Oats 
have  benefitted  const. lerably  by  the  late  rains,  and  have  ehot  out  to  a  greater 
length  of  straw  than  was  at  one  time  expected,  but  the  crop  will  be  found  on 
the  whole  below  the  average.  Wheat  is  not  likely  to  be  an  average  yield,  and 
the  grain  is  mu'-h  damaged  in  many  placeB  from  mildew  and  blight  and  the 
violent  storms  that  kiiocKed  itabout  so  much  a  short  time  ago.  The  delicate 
white  wheats  are  much  diseased.  Some  of  (he  hardier  sorts  will  be  found  ie^s 
i.ijured  and  discolored  when  thrashing  time  omes;  but  large  bre'^dths  of  all 
kinds  are  lodged  where  the  crops  are  heavy,  and  will  no  doubt  buIT^t  in  conse- 
quence, and  be  found  very  diflicult  to  cut.  The  reipini;  raacUines  will  be  use- 
less in  hundreds  of  fields  of  both  whea'.  and  birley  this  year,  and  t;ie  scythe 
will  be  in  great  requisition.  The  grain  has  especially  suffered  by  the  late  heavy 
rains.  Although  tiie  crops  are  very  fine  In  inlk,  the  best  have  '  een  baKered 
down  sadly,  and  fine  samples  of  malting  barley,  for  which  th>re  is  always  such 
a  great  demand,  will  be  very  scarce  duiing  the  autumn  and  winter  in  our  mar- 
kets. The  lighter  barley  crops  on  high  and  dry  soils  will  yield  ^r.iin  of  a  better 
color,  hut  the  straw  in  such  places  is  very  ehort  generally.  Tne  fine  weather 
of  this  last  fortnight  has  enabled  farmers  to  secure  freshly  cut  hay  siitisfact'irl- 
ly,  of  which  there  was  an  abundant  crop  everywnere.  But  it  is  calculated  that 
only  about  one. fourth  of  the  hay  cut  curing  the  t'me  of  the  recent  fioiids  has 
bi-en  saved,  all  'he  rest  being  more  or  less  damaged,  with  a  large  proportion  en- 
tirely spoiled  It  ia  some  satisfaction,  however,  in  the  face  of  damai^C'l  corn 
and  spoiled  hay  to  have  reports  from  all  places  speaking  einpiiatically  of  the 
favorable  state  of  the  root  crops.  Swedes  and  m  .ngobls  wil  prohabiy  be  one 
of  the  heaviest  imps  known  for  many  years,'80  that  cattle  provenuer  next 
winter  will  be  abundant  in  this  respect  "nd  emble  famers  to  ke>  p  a  large 
stock  of  sheep  and  cattle,  as  well  as  provide  for  the  public  a  liber  !  supply  of 
'■eef  and  mutton.  The  potato  disease,  especii'ly  in  the  south  of  Eiiiiland,  is 
spreading  rapidly.  In  Scotland  and  Ireland  the  potato  crop  is,  bowever, 
abundant,  and  scarcely  at  all  affected  with  disease,  although  it  has  already 
made  its  appearance  in  several  districts  in  these  parts  of  the  United  Eii  gdom. 
Ill  Scotland,  also,  the  yield  of  wheat  will  be  below  the  average.  The  breadth 
sown  is  smaller  than  usual  in  consequence  of  the  early  severe  frosts  having  in 
many  cases  prevented  the  preparation  of  the  land  beinq  made  in  due  season 
for  the  sowing  of  autumn  wheat.  The  crop  is  also  deficient  in  straw  a"d  short 
in  ear.  Barley,  however,  is  a  lull  cropUi  the  north  and  northeast,  and  will  yield 
about  10  per  cent  above  the  average  in  the  central  and  southiastern  disirict6. 
Oata  have  lieen  conaiderabiy  improved  by  the  raina  that  have  fallen  during  the 
last  few  weeks,  tiie  straw  has  lengtheaeo,  and  the  ears  fill  well,  and  the  crop  Is 
likely  now  to  yiela  from  5  to  10  per  cent  above  the  average.  Turnips,  though 
they  have  in  many  cases  had  to  be  reB0wn,are  presenting  generally  a  luxuriant 
appi  arance.  and  everywhere  there  are  indications  of  a  larger  crop  than  has  been 
expcriem  ed  for  years  pist.  Corn  cutting.  It  is  said,  will  be  general  in  the 
lowlands  in  the  middle  of  August,  and  the  first  week  of  September  will  see  the 
curn  in  alack  in  the  uplands. 

The  official  returns  show  that  in  the  month  of  July  we  imported 
5,361,224  cwt,  of  wheat  into  the  United  Kingdom,  of  which 
2,888,024  cwt., or  rather  more  than  one-half,  were  from  the  United 
States.  The  arrivals  from  Eusaia  have  Increased  from  163,805 
cwt.  in  1874  to  753,586  cwt.  in  July,  1875.  Since  the  commence- 
ment of  the  year  the  arrivals  of  foreign  wheat  into  the  United 
Kingdom  have  amounted  to  34,347,648  cwt.,  against  23,771,556  cwt. 
last  year,  the  United  States  contributing  13,937,090  cwt.  against 
14.314,733  cwt.,  and  Russia  4,557,448  cwt.  against  2,598,319  cwt. 
The  imports  of  flour  in  July  were  509,858  cwt.  against  598,018 
owt.;  and  in  the  seven  mouths  ending  July  81,  3,330,556  cwt 


Aagn?t  28  1875] 


THE  CHRONICLE. 


199 


•gainat  4.116,6m  ewt.  The  importa  of  barley  In  the  seTen  montha 
hare  amoaa'.«d  to  6,389,803  cwt.  agaioat  5,037,013  cwt.;  of  oats,  to 
7.481,213  cwt.agaioat  6,.575,538  cwt.;  of  peaa,  to  1,036.571  ewL 
against  1.037,286  c»t.;  of  beans,  to  1375,291  ewt.  against  1,373,313 
ewt.;  and  of  Indian  corn,  to  11,331,108  ewt.  against  10,671.713 
ewt.  in  the  corresponding  period  of  1874.  The  estimated  value 
of  our  imports  in  the  leTen  months  ending  July  31,  compared 
with  the  two  pMcading  yeara,  is  as  fsUowi: 


WkMt  . 

Bariaj.. 
Oaw.... 


ladUaeora 
noar 


.  £i&.tia,sw 

«.*J,I9I 
SSLS-ll 

S,u«.a40 
s.s;a.oiii 


19:4. 

itnx 

AS.W4.aas 

£U.«9R.m 

l.»«.M8 

t,«»4.7WI 

S.0M.1M 

S4«.«^8 

4T«,Mi 

471  S«T 

•W.Mt 

«5e.o*s 

4,Ut.0H 

4.(81.310 

i,*u,m 

l.S9i.0iM 

JMMn.«n 

£tt,M4.SM 

TMai tt^r».ta 

The  dellTeries  of  home-grown  w^Mt  are  itiU  oonsiderablj  in 
esccea  of  last  year,  acd  ample  ertdoMe  ia  tbos  afforded  of  the 
ezcellrDca  of  the  EogllsU  erop  of  1874.  It  ia  eatimated  that  the 
deliTeriea  in  the  United  Kingdom  dorlsg  the  weekending  Aagnst 
7  amounted  to  133.800  qoarters  agaiaat  only  71,000  qoarteia  laat 
year,  wUiW  since  harreat  they  areoompated  at  10,737,000  qoartera 
•gainst  3  t>lU,0UOqaanera  in  1873-1,  ahowing  an  increase,  there- 
fore, of  nearly  3,000^)00  quarters.  In  the  oorrespoDding  period 
of  1872-S  the  deliTeriea  were  estimated  at  0,398,000  qoartera,  and 
of  1871-3  at  11,238,000  quarters.  The  arerage  price  of  English 
wheat  reallaed  during  the  week  ending  August  7  waa  53a.  lOd., 
beiag  aa  adTaaea  of  about  13«.  per  quiMt  from  the  loweal  poiat 
of  the  aaaaoa.  TIm  arerage  for  lb*  aaaann,  however,  is  only 
44s.  lid.  agslBst  61a.  6d.  in  1873-4.  87a.  la  1872-3.  and  56a.  6d.  In 
1871-3.  The  deliTeriea  of  English  barlaj  ainee  harTaat  haTe  been 
7,474,000  quartera  agaioat  7,156.000  qaartars.aad  tho  BTeiagv 
priea  reallaed  has  hcea  40a.  Id.  agaiaat  408.  4d.  in  1878-4. 

The  Board  of  Trade  letuma  for  Joly  aad  the  seren  months 
ended  Slat  July  were  tsaood  on  Monday.  The  doeUrad  ralne  of 
onr  exporU  in  the  Boatb  haa  been  £90i;U9,618,acaiast  £31,142.- 
063  la  1874.  aad  C»,M7.404  in  1811.  The  total  fortbesevMi 
months  ia  SiaO/)M.M8.  against  l'I«um,a76  la  1874.  and  £148,- 
748,961  ia  1878.  Thadaelared  Tala««l««  Imporu  la  the  month 
waa  CSt.461.SM.  agalaM  £8i,76«.S3|lB  1874.  aad  £35,003.634  ia 
187S;  and  In  the  aeren  moatba  £Stt||B6,«41.  agaiaat  £2 li>, 758. 
MO  la  1374,  and  £316/)76.458  in  ISItL   " 

The  loliowlog  flgnna  nlate  to  th«  wfM  'y^^f  aoded  JoJy  81 : 

itn. 
•.o«i.«as 


itn. 

ToTnrkey 10,4»l.100 

ToBfTPt  .  ia,'il5,800 

Iatnai>lt 11.573.U00 

To  We-tCout  of  Africa »,«5J.047 

To  TTnlted  Statss  7,»I8,TS9 

la  ino«U  .,,,, 

To  Furelgo  West  Indies MW,9M 

To  Mexico 8,818,400 

To  United   States  of  Colombia  (New 

QraawU)    4,417.400 

lo  uma«it. S,8!4.TaO 

ToBnzil 14,451.630 

ToVnx«*J 1.98.V,8«) 

To  ArsenUne  Republic 5.1!<l.e00 

To  Chill 8.«8.1ifl 

ToPeru 3,i»:.900 

To  China  and  HoDf  Kane S0,tM.400 

Intrmiult l»4O.7O0 

ToJspui l.«n.l»0 

ToJavs. 1,047,800 

To  Philippine  Islands. l,«i.100 

ToOlbrmltv t.'-ltl.lOO 

To  Iblta «.t«,«M 

To  Brltl-h  North  America  10,el8,900 

To    BriUah   Wot   India  Islands  and 
Oilaoa. 1,«;0,M)0 

?o  BrttUh  possetaioia  In  Soath  Africa.    t,39S,M)a 
<•  BrlUth  India— 

Bamtaajr 81.4!t80O 

Madras M«l.800 

Beaxal T1.»«,«00 

Strait*  Setttementa lO^.tOO 

Intranfil 1,(84.400 

Coylon.     .- £.180,800 

ToAniUalU a.sn,000 

To  other  ooantriea. S,«TU,S1S 


lS-4. 

si,5.M,«no 

10,171.500 

661,40.) 

S,om,:«0 

li,5S)l,«K3 


6,S88,700 

s,883,aoa 

5,960.160 
4.«W.3liO 
14,3<»,100 
l.TS'f.'iOO 
5,504,000 
6,i<B,400 
1.IM6.I(I0 
16.504,900 
»,79  ,500 

auaoo 

8,»5»,700 

311,310 

2,5»t..'W0 

1.5'»«,»  0 

11,443  400 

S.9«'>,000 
1, 101,700 

a,8M.<oo 

7S,714,S0O 
8.8»i,t<e0 

i.<88,<ino 

8,187,000 
3,'71.«)0 
1S,878.NS 

ti6.S04.KlS 
KI,63B,441 

1.6M.B60 


K'S. 
tl.i9>.000 
9,197,700 

» 

I.SSO.SOO 
7,«6«,l)09 

• 

10,lJ5,40n 
a,677,300 

3,805,700 

• 

16,406,800 
701,S«0 

^s44,ijoo 

3,414,0110 

2,587.000 

40,65  7,9D0 

« 

8,7S8,fi00 
4,^.M)0 
8,7»t,6nO 
1,018.100 
l,3M,'.0n 
6,(i31,iOO 

8,676,700 
1,36^,300 

10,711.600 
i,6l0.8u0 

69.838.500 
8,941,800 

• 

1,606.700 

4.«9,-:oo 

ll,i6},«)0 

«i.68i,a00 
90,8:7,600 

98^,700 


Tout  nnbleactaed  or  blaaAed tl9,78<.4« 

Total  printed,  dreo,  or  colored tl,ig8,8as 

Total  of  mixed  Biataclala,  cotton  pre- 

domlnanin t.tlB.OTO 

TolaL ai.41t,0t7        S17,S08,«1«  814,550.100 

Other  manufaetarra  ol  eotton  show  as  follows: 

Ucs and  patent  «et £:0t.0a8            £118.517  £107,6(1 

HoaleiT of  all  toru Itl4»                11.057  96686 

Ttarsad  for  avrlnc lbs.     (8l,n4             808,717  B4-.i.(j7 

Olbar ■aaataetarsa,  Laeaamatatsd £i36,IM             £»,8TS  £S>,6<il 


gaysnaiil  eatiaa. 

wSpant  tl  Ifoa  imt  m»ti 

Kaparu  of  Haae  fara 

Ssparsof  Uasa pises coods 

Baponsof  JatsaaaafBeiaraa..., 

r         ia»etlsa«SS I  I...:... 

r         I^Mof  waal.   ssMil"'aad 


TltiiiUet  wsslia  nta... 
nponsef  woolaadetk... 
Bximrt*  of  womad  tiaft. 
Kxporu  of   blaBlisH  aad 

la« 

Kxpons  of  iaaaolo. . 
Biaanaofi 


..Ibo. 
iSmt- 

jrd.. 
..jda. 


^saj 


IV 

a, 

17* 


Kli«.l« 


1.4U.M8 
IJ.»%\7» 

m.sM.au 

(l.«^,7«l 
«I.M«.«II| 

ttMKm 


Total  raise  of  cotton  nianntaetarea.£5, 701.788        £}.S1S,8M       £5,318.970 

■  aisfo  Jaanary,  1873,  the  recistfatlsn  of  the  Indirect  trade  to  these  conn 
trios  ba<  been  dl««ootlnoed,  and  the  Kood*  are  now  carried  to  the  respeeilra 
ooaairtesof  altlmaia  destination. 


■•Sllsk  Market  Reporta— Per  Oakle. 

Thedaily  olosini;qaotationaln  the  tnarkets  of  London  and  LWer- 
pool  tor  I  be  past  wpek  hare  been  reported  by  cable,  aa  shown  in 
the  following  summary : 

lyOndoH  Montf  and  Btoek  Marktt.—'The  bullion  in  the  Bank 
of  England  haa  deereased  £66,000  during  the  week.  American 
aeearitlea  haTe  ruled  steady  throaghoat  the  weel^  and  close  at 
ttuaxad  quotations : 

Kal        Mos.       Toes.      Wed.       Thar.        Fri. 
?   ■      94  I8-I(    M  18-16    M  1S-1«  94  1V16    94  »■» 


Oeasotsreraoae; 

acseaat.. 
a.B.•s<ft40a,)U(^  old. 

18«7 

O.B.ia48s  

»swts 


iC      M  18-14    94  18-18    91  18-16  «t  13-16    9tK 
-si    106M         IMX         106M        mH         106 1< 

^«    loSM       iot«K       iMK      imv       loeii 

2Z    1945         I04K         104V        104V         lO'X 
SI    108)2         lOSK         lOSJi        106W         IQb^ 

>r   United   Hutes  new   Qtos  at   Frankfort 


*.m,m 

UMl«*4 

KWjm 


tmjuut*     u8,«aT,no 


S«IT.4kl 

8.«t,4n 


MMJM 


Skbjotead  are  the  partieolara  of  tha  azperta  of  eolt4in  yam. 
diatlagnlsbtog  the  eountriea  to  whMl  ihoaa  czporta  haTe  bean 
made,  during  the  moatb  of  July  1878^  •oaparad  with  the  eorre- 
apoadlag  month  la  1078  aad  1874 : 


Te 
»» 

Taasttaad 
Tarrsacs 

la  I 
To  Italy 


To  Aastrtsa  tsrillwlsa.... 

To  Turk*/ 

To  Bcfpt „ 

In  Iraa-ll... 

To  Cbl  a  aad  Beat  Seat. 

TeBfilskladla- 


aiFuaia  ov  oottos  raaa  a  #ui,t. 

len  1874. 

iba.     iBtiaio         (8«,«ao 

1MM4         MHjm 
8,1IMM  M«.«» 

imSS 


To 


Ontea 
otfeara 


eeaatrtsa  , 


1*78, 

4n.Mi 

<.lH.(Oi 
MM.40a 

MH,m 


Tb«    qootatioaa 

were: 

0.8.aswt*«s lOOK       lOOX       108K         ....       lOOX 

U»m9Ml  OolUn  Jfonktt.— See  special  report  of  cotton, 
Uurpttt  Br^adMuJi  Jforbf,— The  breadstaOs  market  closea 

iM  and  lower. 


MMiato 

injti 

Mm 

ao.ono 

418,400 

ssss 


•M.100 

ai^4ao 
MTr.soo 

(■S.W 


i.ie8,ni 


ntjoo 

l,8tT.80O 
UKKO 


Sat. 

f.  d. 

rtoar(Woeiom) «bbl  15   0 

Wksatyisd  Wa.spr).Vetl  10   0 

••      (HedWIntorT...    "    10  10 

■'    JOaLWhlu  dab)  "    II    ( 

0>ra(W.  lalxedl  •  faartor  8t   8 

ftaatCkaallsa).  .9  sasrtet  43   0 


Mon. 
s.  d. 
»  0 
10  0 
to  10 
It  6 
tt  K 
43    0 


Tnes. 
a.  d. 
IS  0 
10    0 

10  9 

11  6 
38  0 
41    0 


Wed. 
s.  d. 
la   0 

10   0 

10  9 

11  6 
88  0 
41    0 


Thar, 
s.  d. 
IS  0 
10    0 

10  8 

11  6 
33  0 
41    n 


Fri. 

s.  d. 

1ft    0 

9    9 

10  8 

11  6 
81    9 

a  0 


Ltmrr«el  Prontitm  ifarJM.— Lard  U  6d.  higher,  while  cheeae 
lakr«Mr«il 


Boar(meaa)  new  V  tee 

Pork  (meool  new  fbbl... 
aaeea  llonc  cl.  inld.lV  cwt 
Utd  (Aasrican) 


Bat. 
s.  d. 
66  0 
«D  0 
84  0 
69  8 
64    6 


Mon. 
r.    d. 

as  0 

to  0 

64  0 

68  8 

84  6 


Toes. 
s.  d. 
(6    0 

80  0 
64  0 
89  6 
54    0 


Wed. 
s.   d. 

66  0 
80  0 
54  0 
60  0 
54    0 


Thar, 
s.  d. 
65  0 
80  0 
M  0 
60  0 
64    U 


Fri. 
s.  «. 
81  0 
80  0 
54  0 
59  8 
68    6 


OkeesetAaer'n  8ne) 

IA*trpool',Produe4  JTarjIcsf.— SplriU  petroleum  has  gained  Id., 

while  laflacd  has  loat  fl.  _ 

Mon.      Tnss.      Wed.      Ttaar. 
a  d.       s.  d.        s.  d.      s.   d. 


9  ewt. 


Sat. 
s.  d. 
6  0 
18    0 


••«•'    v* 


■'<»'•' lt.«i,l«         1«,7K»88         17,180.800 

The  following  were  the  qaaatitieaor  eotton  maanfactDred  piece 
(ooda  exported  fron  the  United  Klagdom  in  July,  eompared 
with  the  correapoadlag  period  in  the  two  pneedlag  yaara : 

on.  wi4.  ins. 

ToFraoce..  MKM  *jm.m  r444,«)0 

la  Irsaall..,.  CsNM  £o^ino  * 

Is  %I^  *■'*•••■<' "•*«•» *»"•  Mr.»40  t^l!?., 

^lilSi-kiriii;...;:;. ::.;;:::::.-.  ^     ^-Si-rs     T;-sg 

ijmjm       i,in,4ao       iLJiM.iflPi 


(essBB 

'*     (las). . 
Pstraisa,a(reflaad) 
^lilts). 
hllowt American)... V  cwt 
OkiTereeed  (Am.  red). . 
•olriu  tarpeatlns 

Lend»n  Product  and  Oil 


8 

0 

6    0 

8    0 

8    0 

18 

0 

18    0 

18    0 

18    0 

'^ 

i\i 

9X 

8V 

tK 

«« 

.      V* 

44 

8 

4S    8 

43    8 

44    8 

37 

0 

87    0 

87    0 

37    0 

13 

0 

18    0 

13    0 

13    0 

44  6 
87  0 
18    0 

Jfarisd.— Calcutta 
higher  than  laat  Friday,  while  sugar  is  Is.  lower, 
sat.        Mon.       Taes. 
£   s    d.  £   s.  d.    £   s.  d. 
Uas'de'ketobD.f  ttio  IS   0  10  !S   0    10  :0    0 
Uasaed(C^catU)...       51    8       81    •        81   0 
■■far(No.llD'chstd) 

ailspol,9ewt M    6         14    8       M    0 

'  SasrBsil..:...«tan.M    0   0    94    0   0  91    0 

.,.-.^,  Whale  oil ••   M   »   2   »«   0   •»«   0 

MW.tfl*>Uaaasdea....*cwt.     Ml       M  8      M 


linseed  is 


rri. 

s.  d. 
6  0 
18    0 

43  « 
87  0 
18    0 

6d. 


Wed. 
£  •. 
10  16 
81 

18 

91    0 

84    0 

M 


Tbur. 

£   •.  d 

to  IS    0 

51    0 


Fri. 
£   ».  d. 
10  15    0 
SI    U 


13 
94  0 
8t    0 

M 


13 
94  0 
84    0 

M 


200 


THE  CHRONICLE 


[August  28,  1876. 


iBommcraal  antr  illisccUaiuous  News. 


iMPORrs  AND  BxroRTS  FOR  THB  Wbb«. — The  imports  thi» 
week  show  a  decrease  In  dry  gfoods  and  an  increase  in  nenera] 
inershandise.  The  total  imports  amount  to  $7,600,230  this  week, 
asrainst  $8,843,937  last  week,  and  $4,786,393  the  previous  week. 
The  exports  are  $4,937,355  this  week,  aftainst  $4,740,139  last 
week  and  $3,317,651  the  previous  week.  The  exports  of  cottoc, 
the  past  week  were  3,393  bales,  against  5,019  bales  last  week. 
The  tolfowin);arethe  imports  at  New  York  tor  week  endinir  (for 
dry  Roods)  Aug.  19,  and  <or  the  week  ending  (for  general  mer- 
chandise) Ant;.  20 : 

Foasios  urosn  kt  kbw  Tona  roa  raa  wmu, 

187S.  1873.  1874.  WW. 

Dry  KOOda J5.4iJ.036        |S.3l3..-iT8        $S.a95.«67       |»,769.(B1 

Qeaetal  merchandiao...        4.':i(>.9T0  4,76S.4U  S.'m.OSj  4,831.1% 

Total  for  tbe  week.. 
PraTloBslj  reported.... 


}10.I8!I.C06        tS.OSi.S«         t63n,SiS        »7.R0O.iW 
«7T,166.»4i       »39,M4,344        aS8,«46.ni       «0.U4.7>>< 


Since  Jan.  1 t»7.30S,SS0     t«8>.S-')£.18S      tKS,Sn,5S7     ta».lS4,994 

Inoorraport  oithedry  goods  trade  will  b«  found  the  importsof 

dry  (joodsfor  one  week  later. 
The  following  is  astatement  oi  the  exportB(ezcla8iTe  of  specie) 

from  the  nortof  New  York  to  foreign  ports,  for  the  week  ending 

August  34 : 

BZPOBTS  nH»  HIW  TOBK  rOR  THB  WSKK. 

1875. 
t4.997.SS5 
158,i;»,789 


1874. 

♦5.fi<iO.S19 
188,611,106 


187».  1673. 

Fortheweek t.>.906.9M        $3.231,4:.9 

PieTioaalyreported....      138,584,489      179,5r;,lM 

Since  Jan.l tl4M91.4tO     t:8i,803.5S3     tl».)71.423     {1^^144 

Tbe  following  will  show  the  exports  of  specie  from  the  port  of 
New  Tork  for  the  week  ending  Aug.  31,  1875,  and  since  the 
beginning  of  the  year,  with  a  comparison  tot  the  corresponding 
date  in  previous  Tears : 

Aug.  17 — Str.  Wifconain Liverpool Sllverban $33,000 

AOE.  18— Sir.  Ahyfsinla Liverpool Mlv«rbar«. 55.594 

Aag.  19— Str.  Gellert Hambnrg Silver  bar« 136.815 

London SUverbara. 96,000 

Gold  bars 90.000 

MeilcsD  silver... ..  17,5.10 


Silver  bullion. 

Paris Silver  bullion 

AoK.  M— Sir.  France Paris Ooldbara , 

As;.  SI — Str.  Adriatic..' Liverpool Ooldbara 

Silver  bare..     .., 

Aug.  81— Schr.  Anita Cindad  Bolivar. .  American  gold. . 

American  ailver. 


11.100 
18.650 
S!.4i9 
:3,0fl0 
1U.000 
10.854 
1.005 


Total  for  tbe  week $61197!! 

Prerioualy  reported 60.S10,167 

Total  linca  Jannarj  1, 1875 ti>i,4ili),i43 

Same  time  in —  I     Same  tune  In — 

1874  |HO.S34.a'i4  1  1869 $«4.7".W5 

18W M.Rsn.sTR  1 1868 63,887,110 

18T« 56,174.631  I  196T S».o-j,l.l 

1871 5.3,309..3M  1 1866 5«,881448 

1870. 44,187,607  1 

The  imports  ot  specie  at  ibis  port  daring  the  past  week  hare 
been  as  follows: 

Aug.  16— Str.  Andes Savanilla Silvereoin $1,464 

Ooldooin 566 

Aug.  18— Brig  Tula IMIze Gold  coin gjO 

AojT.  18— >chr.  E.  T.  Croweli.     Ponce,  P  B Gold  coin 6.000 

Aug.  19— Str.  City  of  Vera  Crua.Havana Gold  coin 64,786 

Aug. *)— Str.  Ontario St.  Tbomaa Otddcoin 15,900 


Total  for  the  week  f83,085 

PrevlooalT  reported 8.137,570 

Total  ainco  Jan.  1  1875. : .(8,285,655 

Same  time  In—  I     Same  time  la— 

1S74 f3,M7.11»  1870 «7.saj,78i 

1?73 1966.968  I  1869 «3SE.?5e 

lan a.6s9.«37 1 1188 4.95S.109 

1871 ;,56:,X63  I  1867 1,743.560 

National  TaBASURV. — Tbe  following  forms  present  a  sum- 
niarr  of  certain  weekly  transactions  at  tbe  National  Treasury. 

l.-^ecurities  held  by  the  U.  8.  Treasurer  in  trust  for  National 
Banks  and  balance  in  the  Treasury 


Week  For         For  XT.  S. 

■odine   drcolation.  Deooslts, 

Juiy  i4..  .574.7M..«)J    IS.'iai.Jliu 
July  31..  374.89»,3«» 
Aag.  7..  .■J74,W7,86« 
Aug.   14.  871.917.76i 
Aug.  «1.  ST1.7S3,76J 


l*,79i.*00 
I8.'9S,«00 
18,791*10 
lS,79i,200 


Total. 
393.545,.'^ 
3<l3,68d,56'i 
393.7SOOO 
3>:j.;09,«(>S 
393,530,964 


Colneer 
,— Bal.  In  Treasury.—,    tiflcates 
Coin.      Currencv.  outst'd'g 

2.1it!,Ti.S      ii,t.iS,cU) 


66,9<«,93: 


»,7rr.8ii 

S,»94  .370 
3,491.875 


21657,»00 
l^."40.roO 
18,561, COO 


71.953.41* 

70,7 16.887 
70,7M,S07 

3. — National  bank  currency  in  circulation;  fractional  currency 
received  from  the  Currency  Bureau  by  F.  8.  Treasurer,  and  dis- 
tributed weekly  ;  also  the  amount  of  legal  tenders  distributed: 


Noteain   .—Fractional  Currency .  Leg.  Ten 

Circolation.    Received.  Distributed.  Diatrib'd. 

3,060,000 

1639.361 

1861936 


350.7M.469 
349.M5,»43 
348.917.939 
S49,«».D93 
34g.l32,S;8 


Week 

endins 

Joly  M 

July  SI. 

Ami.. 

Aug.  14 

Ang.lt 3«;i3a,SJ8         1714,5*7 

The  Califorkia  Bask.— The  Evening  Pott  money  article 
to-day  says  of  the  Bank  :  "  Thisfailute,  while  immediately  canaed 
by  a  depositors'  run,  was  directly  the  oatoome  of  a  conflict 
between  two  classes  of  California  speculators,  one  the  Bank  of 
ClUifomia  party,  headed  by  Sir.  Ralston  and  Mr.  Sharon,  and  the 
other  headed  by  Messrs.  Flood,  O'Brien  and  Heydenfelt.  The 
latter  party  have  eslabliAhed  a  bank  in  San  Francisco,  called  'The 
Bank  of  Nevada,'  with  a  caali  capital  of  $5,0(X),(XjO  gold  and  a 
right  to  increase  to  $30,000,000.  Incidental  to  this  conflict  have 
been  the  mining  properties  known  as  the  Savage,  the  Caledonia, 
tbe  California,  the  Ophir  and  tbe  Consolidated  Virginia.  The 
three  latter  are  known  as  the  Big  Bonanza  mines,  and  the  Bank 
o>  California  party  obtained  control  of  them.  In  getting  this 
oBtrol  tbe  iioek  of  tbe  Cftliforoia  wm  run  np  from  60  to  800,  was^ 


then  multiplied  by  five,  which  would  make  the  highest  price  160  ; 
it  has  since  declined  to  53.  The  Ophir  stock,  while  they  were 
getting  control,  advanced  from  SO  to  700,  was  multiplied  by  five, 
making  700  represent  140  in  new  stock  ;  it  has  since  declin'd  to 
46.  The  Consolidated  Virginia,  dnriog  the  process  of  getting 
control,  advanced  from  86  to  780 ;  it  was  yesterday  367.  The 
losses  on  these  speculations  are  typical  of  other  transactions,  and 
throw  light  on  the  causes  of  the  impairmen*.  of  the  credit  of  the 
bank  and  its  breakdown.  The  operations  of  the  bank  in  tbe 
hotel  line  are  too  well  known  to  need  mention.  <That  the  bank 
has  been  strained  of  late  and  pinched  has  been  evident  to  bankers 
here,  who  have  shonned  their  bills.  <rom  the  fact  that  in  the  past 
sixty  days  most  of  the  bills  ottered  in  this  market  have  been  those' 
of  other  institutions,  endorsed  by  the  Bank  of  California.  The 
inference  has  been  that  the  Bank  of  California  had  hypothecated 
securities  with  those  who  lent  their  bills,  and  that  tliis  borrowed 
exchange  was  used  to  obtain  funds  needed  to  carry  on  the  large 
operations  of  the  bank.  In  the  borrowed  bills  which  have  so 
appeared  were  those  of  the  Bank  of  Britixh  Columbia  and  the 
Bank  of  British  North  America. 

"We  take  pleasure  in  saying  that  Messrs.  Laidlaw  &  Co.,  the 
agents  here  of  the  Bank  ot  California,  have  not  suspended  ;  the 
amount  of  unaccepted  bills  of  the  Bank  of  California  in  this  market 
is,  as  said,  small  ;  the  bank's  London  correspondents  were  the 
Oriental  Bank,  a  strong  unlimited  institution  (one  of  the  best  in 
London),  having  a  capital  of  £1,000,000,  and  a  reserve  of  £500,000, 
so  that  the  direct  leases  of  the  failure  here  aire  comparatively 
small." 

— Mr.  C.  W.  Hassler,  of  7  Wall  street,  is  purchasing  Northern 
Pacific  lands  for  the  holders  of  bonds,  and  to  accommodate  the 
requirements  of  small  holders,  he  has  organized  what  he  calls  the 
'•  Northern  Pacific  Land  Trust."  In  this,  he  acts  as  trustee 
for  a  number  of  bondholders  and  purchases  lands  with  their  bonds, 
which  lands  are  to  be  sold  In  future  as  good  opportunity 
offers,  and  the  proceeds  divided  ratably  among  all  those  who  put 
their  bonds  in  the  "  trust."  Mr. Hassler  has  lately  returned  from 
a  trip  over  the  Northern  Pacific  road,  where  he  selected  certain 
lands,  and  Inspected  others  favorably  located  for  present  pur- 
chases. 

— The  City  of  Houston,  Texas,  has  given  notice  that  they  will 
pay  the  coupons  due  July  1,  1S75,  on  the  Market  House  Bonds  on 
presentation  at  the  First  National  Bank  of  Houston.  In  this 
connection  we  desire  to  state  that  Mr.  Wm.  Brady,  23  William 
street,  dealer  in  Texas  securities,  will  cash  these  coupons  for  the 
accommodation  of  New  York  bondholders,  on  presentation  at  his 
office,  as  before  noted. 

—  I'he  American  Exchange  National  Bank  gives  notice  in  our 
to-day's  issue,  through  Mr.  E.  Wilson,  cashier,  that  drafts  drawn 
by  Colusa  County  Bmk,  Bender  &  Co.,  and  the  National  Gold 
Bank  of  D.  O.  Mills  &  Co.,  Sacramento.  California,  on  Agency 
Bank  of  California  and  Laidlaw  &  Co.,  of  this  city,  are  to  be  pre- 
sented to  the  American  Exchange  National  Bank  for  piyment. 
Kecelpta  or  Oomeallc    Prodnee. 

The  receipts  of  domestic  produce  since  January  1, 1875,  and  for 
the  same  time  in  1874,  have  been  as  follows  : 


I    Since    I    Same    p 
'Jan.1,'75.  time  1874; 


I    Since    f    Same 
:Jan.l,'75.  time  1874 


Ashes pkga. 

BreadstuffS— 

Flour bbla. 

Wbeat bash. 

Corn 

Data 

Eye 

Barley  and  malt. 

Graas  seed.  bags. 

Beans bbla. 

Peas bash. 

C  meal.... bbla. 

Cotton bales. 

Hemp bales. 

Hides No. 

Hops bales. 

Leather.  ...sides. 
M  •i.s«es....libda. 
Uolaeaes. .  bbla 
Miival  Storee — 

Cr. torp.  ..bblfl. 

Hpirlts  turpen. . . 

Bosln 

Tar 


5,556 

118111S 
17,143,  «i| 

13,708,7» 

»,i9a'»> 

103.01V 

1.110,006 

51134 

140,854 

«7.S44 

86.101 

37102. 

l.Tis 

1,573,741 

8,31W 

1S64,M0 

7». 

ia,707 

6,185 
41i5,'i 

17,5971 


6.017      Pitch 

Oilcake pkga. 

t,554.6>t  Oil,  lard 


,Pcannta baga. 

Proviaions — 

Batter pkga. 

Ohease 

Catmeats. 


ia.-Ot  'Wool bales. 

38.656 :. Dressed  Hogs ..  No. 


509; 
141965 

4,445 
41,390 

698,878 

i,8«,74j: 

«1R,6'.6, 
<a&,73:i 
11I.963 

18,027; 

181329 

9,384 

13,601 1 

:33.i» 
14.q:3! 

51SI3| 
11991 

ii.ion 

114.9811 
EIHIO. 

106.661 
42.9s9| 
«6,8«' 


ITSS 

»r,i87 
loas 

S4,393 

550,847 
,192.448 

«I19«3 

355,307 
87.796 
16,i:.2 

18l,2S9 
%6,*H 
14,405 

SS3,»7 
14,684 

'S84 

33.495 

149,740 

8:1.  ;5« 

1-.'7.W7 

,    55.86J 

lC6.;i.3 


BAJISIJIG  KM  nUK\k\,. 

'uJtSOAD  BONOS.- Whether  yoo  wish  to  BTTf  or  PBl.r,,  write  to 

H.ASSLER  i  CO.,  No.  7  WaM  street.  N.  T. 


TEXAS  STATK  BON'DS.  _ 

Houston  and  Texas  Central  RR.  First  Mortgage  7  per  cent  Gold  Bonds, 
t».  U.  &  H.  Firat  Mortgajre  7  per  cent  Gold  Bouds, 

Texas  Linda  and  Land  Scrip,  for  sale  bv  „   „„„„        .    „  « 

^^  "        WILLIAM  BRADY,  S3  WUliam  St.,  N.  Y. 


STOCKS  ^      , 

Dealt  in  at  the  New  York  Stock  Exchange  bought  and  soil  by  u«  on  margin  of 
five  per  cent.  paiVILEGES 

Veeotlated  at  one  to  two  per  cent  from  market  on  members  of  the  New  xork 
Ei^hanee  or  reaponaible  parties.  Large  sums  have  been  realized  the  past  SO 
days.    Put  or  call  costs  on  100  abares 

Straddles  fS50  each,  control  WO  ahares  of  etoci;  for  30  daya  without  further 
risk,  while  many  thooaand  dollars  proHt  miv  be  gained.  Advice  and  inrorma- 
tion  fumwhed.  Pamphlet,  containmg  valuable  statiaUcal  Information  and 
•bowing  bow  Wall  street  operations  are  condacted,aent 

To  any  address.    Ordera  ^icited  by  mall  or  wire  and  promptly  eiecuted  by 

us.    Adqrciw.  TmraRTDGB  *  CO.,  Bankers  and  Broken. 

T,  ,.  No.  i  Wall  street  M. 


Angast  28,  1875  ] 


THE   CHROXIOLR 


201 


0)1    6anker9'    (ftautte. 

N7  XatiniuU  Baok*  org&nixe«l  d 


OBBA!<IZBa* 

uriajt  the  p«M  woek. 


•  IVIOKNSII. 

Tka  roflowlw  Dtrldaad*  kaT*  ree«ailr  i>mb  uaoaDrad : 


maUr*«4a. 

McaALsvcU 

«  niac«llaB««mB. 

UMg>H«T<«i'to«(<l»«r.)..  ■  .. 


naAT.  Aacut  <7.  ISn— •  P.  31. 
Tk«  Si*a*T  Xarkat  aad  riaaa«lal  UtBaUoa.— The  ex- 
tram*  qaiM  o<  the  week  waa  brokea  Ikia  moralBg  bj  the  saw* 
of  tka  ikiloia  of  the  OaUforaia  Baak  la  8aa  rnaciaM.  and  the 
importaat  aanar  hooaa  of  9tirlio2.  &ki«aa  k  Co.,  tn  Baltimore. 
The  failure  of  the  bank  waa  aaotbar  vxtnordiaary  larpriae  )o 
fiaaaeial  eirdea,  aa  the  inKitatioD  waa  nppaaed  to  be  oae  of  the 
■troagaat,  aot  oalr  Id  thia  eoaoiry,  bat  in  the  world,  hariac  a 
capital  o(  fS/MK>.000  aad  mas7  impoMaat  brapghea  or  ■gaoetita, 
aad  with  tka  Oileatal  Baak  of  Loodea  aa  their  eorreapoaoaaia  ia 
that  Oty.  Mr.  W.  CL  Balatoa,  the  PiaaUtt  of  tka  Baak.  waa 
perhapa  mora  piamlaaat  la  Califoraia  aa  ahdIHaat  Saaacter,  aa 
well  aa  for  kia  extrarafaat  aad  prloealv  ttj\»  of  llTiag,  thaa  anj 
one  of  oar  promiaaat  aiea  lo  theAtkutle  Stataa.  Very  few 
detail*  hare  yet  baaa  reeairtd  io  T'-gtH  lo  the  aaaeta  or  llabiUtiaa 
of  the  Baak,  aad  ao  laformatioa  ia  ebt^iaabla  from  Meaata. 
Laldlaw  k  Co.. their  agaata  aad  rtpi  laalalliin  la  thia  «>ty.  Th« 
latter  ttm,  tkoogk  pajtaff  aothing  lor  th*  Bkak,  kava  ao(  aaa- 
paadad.  It  ia  prattj  wall  aaden^ai  that  laf||a  aparaWeaa  ia 
ratarprlaia  aaha  aataUa  aflai^imite  haakiaf  baaiaaaa  kae*  baaa 
tka  eaaaaa  of  ika  Ikilaia,  aaaa«  wb.ek  kavo  raeaatif  baaa  eartala 
traaaaorinna  of  aimiiiawia  aamiltadaiBmiatacaMekeiaad  tka 
lane*  daeilaa  la  tka  lattar  kM  precioUalad  tka  diaaaHf. 

Ia  ceaaaoaiBaa  of  tka  paaie  ia  S\a  f>— «*aan  tk*  two  prtedpal 
■tock  baarda  w«f*  doaad  to-day.  TbaMlawiacakewa  tkaqaala- 
tioaa  of  aaoM  laadiati  atoaka  yeatrrdiy,  wpaiaii  wltk  tk*  pcte« 
OS  Aafwl  lOlk  aad  ITUt: 

.*»*         ^"-      *-& 

IS  MS  li 

m  in  w 

•  »  « 

ir  i»  m 

»  «  « 

•  (I  » 

^- ■- m  m  - 

oSV  A  JMPCMflS    •>•  ■■•••■■•••aa    •■'  ^K  W  Wm 

BBNteCh^MtttettA  M  M  ^ 

>Mmua«k  By. ...:."."'."."":;.  «  «  - 

Own  ratal. ■  «  m 

^Hf^BMa  ••••«••>••■•••«•«■•■•    •#•■•■  ■«••.•'■•        ^W  mm  •» 

lavMtaL ^ U  IS  • 


Vti|lalft.* 


TkaaAei  «l  lUa  baak  failure  wai  far  laaa  la  tkladtytkaa 
■itkt  ka»a  baaa  aaapoead.aad  altboaf^aaadrt  waa  madoioaaa 
H  for  daataailac  aiaak%  ik*  efloft  waa  Marly  mitlaaa,  aad  tk*  teak 
paraiT  mcAm  at  tk*  mmtag  of  tka  Baatd  waa  faOawa*  by  a 
tf**f  laaiaaiy.  TVa  iTaHaaal  UoM  Baak  aad  Traai  Obmpaay 
la  8aa  Frasdaaa  aaafaadad  paymeat  tm  iaek  af  cola  t«  pay  d«- 
paakora,  bat  praailaaa  apaady  rraoaifitaa  aad  paymeat  la  fall 
vary^kavtly— tha  baak  «latala«  a  aal^aaal  f  t.aoOXW>  aboT*  all 

Tk*  aikav  iiiimlaiat  kaak  ia  8aa  nwrtaew.  kavlM  laratai 
Ifaiwliaa.  k  tka  AaclA-Ameriean.  aad  «*  •kaatT*  by  tk*  Wmii 
•«  todaf  tkal  lu  aaiMaat  for  t:>*Mr  aadlaff  Jaaa  »,  inS, 
•kowa  aa  a  paU-n^aapiul  cf  MMID  (Toa*  prolia  *f 
MUt».  l«*viB«  Oijin  aa  ael  prodl  Mar  4*daeUa(  all  ekaraaa 
at  8aa  rmadaen  aad  rnadoa.  With  0.910  from  laM  year  Ikeia 
ia  a  dlapaaabl*  balaaaa  of  £41>30il  Aa  laiarim  dkrtdead  of  8 
•kUMa«i  par  a^ar*  (of  £10  paid  up)  vm  paid  la  March,  aad  a 
lattfcar  <aM»ad  a<  10  eblllloira  i«  aaar  prapaaad.  aMkiag  •  p*r 
caaa.  for  tk*  yaar.  Tk*  aam  oi  toflon  H  la  acopaaad  i«  cany  la 
tka  laaarf*  faad,  laavlac  Ofil*  for  pntt  ■JTIcm,  aav  aceaaM. 

Oar  laoal  awaay  marlM  kaa  bora  aa  «My  aa  aaaal.  tka  rata  aa 
aall  laaa*  b*laR  ti«ai  par  aeat.  Wa  kaa*  kaaid  of  Um*  moaer 
a*aad  oa  OoreraaMat  aoUalera]  at  IfyaraaM  for  00  daya.  which 
iaafamarkabiylawMWtor  the  preaaat  ItaM  of  y«ar.  la  eim- 
MbW  V*Mr  very  littla  la  doiac  aai  maay  bayera  ara  abacal 
mm  tk*  c^y :  o*  ailmi  paper  of  S  ad  4  maatha  tk*  lataa  are 
*i  to  •  aw  aMt.  ««Da  dkalaa  00  day  paper  «tU  aril  at  4  p«  aaM. 

Th«  Bkak  •(  Bkriaad  «aekly  r^part  as  Tharaiky  ahewad  a 
daaliaa  la  kalUaaal MMMO.  th*  diaaa— I  lali  rmaialaj  it  t  pw^ 


regard  to  the  Eaatem  qaeatioo  and  difooarmKemeot  aa  to  oar 
defaallod  tmilroads.and  poaaibly  $1,000,000  of  thia  sort  hare  been  < 
rold  here  this  week  and  taken  op  by  home  purchasers.  The 
Matrajent  in  oar  last  iasae  respecting  the  ordvr  io  wliicli  tlie  1865 
bonds  wonld  be  called  in,  is  tally  confirmi>d  by  a  letter  from  the 
Aaaiataat  Secretary  of  the  Treasary,  in  which  be  aays  that  the  old 
l*0Sa  moat  be  first  ealliid,  aad  that  "  the  date  eiven  on  the  Uce  of 
the  boad  i«  not  to  be  ukee  as  the  date  of  iaaue,  but  the  fxct  aa 
•eublished  by  ths  records  of  the  department." 
Cloaiag  pricaa  d&Uy  hare  b**a  aa  followa : 


Aoa.  Aug.    Aug.   Aag.    Aag.   Aae. 
^  ._  Int.p«rlod.     «        «t       t?      »:?       »£•    «f 

••.UW coop..jBn.*  Jaly.'Um  •:«     'IJIV    131)(  •tiix    !M 

KMTa.iSt TTf..lHTltKof.»Ui\    115V    IISX  •11SJ<  •115V 'IIS 

•a, t-tra.  18M coap..Mi7  a  Mot.  •iu;i  •115)^ 'IIS     'li*     'IW     •I18V 

•a,Vtra,taM aru.  Mijr  A  Not.  •118J«  "IIS     'tlS     'niH 'VS     *li6 

•a,».«rs,i«» eoap..)iaja  MoT.'iisif  •■.i8)< 'IIS    nis     usK  *ns 

«a.S-ira.iaia,a.L,raK..Jui.*  Jalj  •nSK  *II>  'USS 'new  •IISV  *1UK 
••.»-*ra,lHSB.l,coap.  Jan.  AJaly.  SISH  i:-*Sf  *iies  :i<<lt  1I8XMI8).' 
"  •        ■■•      "liOW 'ISO',  'li- J* 'IJ-V    •»«    I« 

•:»X  •!»),  ••.jnj,  •!»;<    ]*)       vn<^ 
•ia      'ItDH  'ISOJi  •l»¥  •!»¥  'ItOii 

•iti     noft  i*o,s  •'.tOK  i»,s  •itBK 

tHX 'INS  •U4,S    l>47i«ll4)(^II5 

ni8  iitji  •nsH  •iisji  •ii9H*ii»jtf 
IK  'lis  ii*><  i!6  •ii«,'<  new 
liCH^IloM    I1SS*11«K    1)«X   »')( 

i»   'ita    •iti     m   *i»     m 


VtO'a.lMT 

ia.vars.iMi... 

«a,>-«ra,ia«... 

•s.a-tr*.  uat... 

la.  !*«•■• 

la.t»4rs 

•a,fBBded.nn. 

as.rBadaa.iaii, 


reK..Jtn.  a  Jaly. 

coop.. Jan.  a  Jaly. 
...Trr..Jta.  a  Jaly. 

.coup  .  Jan.  a  Jaly. 
...ng.  Mar.  *8ept. 
.coap..lUr.  ASaiit. 

.ooap voartartj. 

...r«a..Jaa.*jBl7. 

•TUa  I*  tba  price  bid  :  ao  Mb  was  made  at  tk*  Board. 

Tk*  raaga  la  prices  since  Jaa.  1,  and  the  amount  of  each  elaia 
a(  kaada  oaMiaadinc  Aug.  1, 1873,  ware  aa  followa: 


Aag.  I — . 
CoapoB. 


. _   Jaa.  1 . — Amoaat 

.      Lowaaa.         Blgbcat      Beruercd. 

te.UU r*c.   MS     Jaa.    ClttK  May  »ltin,ae,aM 

ta.Un eoap..  ::g^  Jaa.    tiatJ^JniieiT  

•a.t-«rs,ltai. coep     lUitJaa.    I  ll»k  Apr.  IS  «.asa 

•a.»«r*.ltM coap..  ll.'V  .^■g.    I  in     Apr.  t:     MJOi.lM 

•si»-irs.l»« coap..  :1TH  Jaiy  M  IttKJaaelS     n.na.Ma 

«s,r«ra.im,a«w.coap..  1 17  v.  Jaa.    «  IMX  Jane  IT     HL«i.«» 

•a,Mrs.ian eMp..ll8x  Jaa.    •l«5MJnw*S     ia.«^UO 

•a.Mra.iaa9 ,eoap     lU    Jaa.    t, :».)<  Jaae  IS      :i4ll,a(« 

~     ..rag..  llSMKch.   tllISM  Jaaa  U   MUaiMH 

eoep.lUVMeh.  4;it*M'aaa  T  

&!«■«•«.  UB....CMp..l)lH  Jan.    till*    Jaaa*    IIS.Ml,aBa 
Oamacr racIK^Jaa.    illMXApr.  M     H.an.Ut 

flailag  pttoaa  of  aaearitiaa  ia  Loadoa  bar*  b*aa  aa  followa : 


lUi,MILm 

i44jM.iaa 

MLMaCtO 
t8,»1,M0 

St,Ki'M 
ll>.«l,MO 


0.«.ta.t4rs.Ma^ald. 

D.S.ts.t4r*.UIT 

0.t.la.l*drs _... 

«ewto 


*{f  ^ff 


xmn   MM 


A«g. 

n. 


BlBceJaa.!.  in&  — 
Lowaat.     |     HIahaat. 


IMK 
losS' 


■-^ 


1(«W  Apr.  M  ]«K  Apr.  • 
IMMJanelS  KaxMay  S 
Vn\  Feb.  U|  lOT  Aag.  18 
lUt     Apr.  1>.  \MH  Au<.  U 


Mac*  aa«  Banraad  Beada,— There  have  been  Tery  few  deal- 
laga  ia  Swia  boada.  Virginias  ar*  the  *tro0|(eat  of  the  Soatkam 
ttat.aBd  Taaaeaaeca,  old,  are  alao  qaiie  firmly  maiotaiaed. 


maeo,  aaa  me 
daaldadly  firm. 

naiiwlBg  pr<«aa  of  a  lew  laadiag  boads,  aad  the  rang* 
la,  l,kaTa  b*ea  aa  followa: 


Aa«.   Aaa. 

n.      1^ 

•HM  *■ 


iOl^is 


Aa«.  Aag. 

V.  at. 

•»H  MM 

•M  •!• 


*."f 


^       _*sr«aa.  ••      !•>«  ;*!  ?««  ^•• 
Ba.C.J.*J.-    -W     "K     •»     •»     •« 
5Me.<*a«»Mds   Ml      MIX   NI«MaiX*WI« 


SlocaJaa  I— — » 

,  Liawml.  .  HIiaMt. 
MK  M  Jaa.  Ti  i\)i  Jaa.  • 
>l«  ■»  Mrk.ri  »  Jaa.  II 
'II  I  11  Jaaa  U  N  jaa.  1 
•KH  I  MX  Jan.  a  a>H  Apr.  t 
•«<H  I  M  Mek.*l.  «S  Jaaa  T 
•n     I  M    Mch.  s.  n    Jaa.  n 


•■.01 H 


MX  Jaa.'  14  iMIi  Jaaa  B 
IIIV  Jaa.  U  IITK  Mar  H 
■th  lea.  •  ias«  JaaaM 
M  Jaa.  (WaxJaSa 
«  Jaa.  t  IO<l<  AaCB 
truJao.  >  CVAac.  B 
Ifr     Mar  M  W!),  May    • 

MlSjaa.  7  114  JoaaM 
M  Jaa.  *;I1IM  Jaa*  • 
It    Jaaa  U^  kS  Aog.  4 


ryjjrW.aiS'io'^t  "«  «"<  ««  •'»• 

T^aiasaiiasHI  at'" —.«--■.»»  aaard. 

^allraad   aad  |UeccllaB«*aa  Block  a. — The  stock  market 


It  o(   tka  Raw  York  City  Cleanag 
Aair.  SI,  abowada  d*ci«aM  of  $937,9)018 

-jair  M   per  cent,  lanl  la the  wbote  o« 

|>l  jn^KO.  agaiaal  takM»;MO,  tk*  pravtaa* 

takl*  akawa  the  ebaiHrsa  fioda  the  prvrloas  waak 
-'Wltk  1874  and  IS7S: 

wa ~ >         tm.  Itn. 

■~j|Bt  4tBj8'i.Bo  nJrmSM  nmSii.m  ttmiSiJm 

-  **^S^5*  •B.ra.vto  iw.   imttm  ai/aiiiao  an.muM 

'■     ^«IUM     ia.BaTVIW.       MMM     aUn-BO     BJBLBt 

****—  ••■•■— Thfre  kaa  haoB  a  moderala  baal- 
'waeata,  aad  prir>^  rinaa  kicker  tkaa  Isai  week  on 
■a**,  th*  maataoubir  a>traae*  b«iaa  la  1040«,  which 

paiBcajarlp  afcic*.  There  kava  baaa  a  few  boada 
ft  fe«B  Qmmmf,  where  i>are  la  ao«*  aM*ttl«aMat  ia 


■aa  qalte  Tariable  in  tone,  aad  wlitle  the  volnmeof  bosi 

kaa  aot  hem  larire,  the  daily  flaetnatioo*  in  prices  have  baaa 
aMia  or  Im  importaat.  Tk*  pattiralarly  stronir  tone  in  the 
WaMMBMM*.  which  was  a  feature  of  the  markrt  laat  week, 
kas  mack  of  it  be<-n  loat,  aad  NorthweM,  St  Paul,  and  Rock 
tf|.^  M«  all  lower.  Ohio  *  Miasiasippi  is  alao  weak.  Pacific 
Fkaama  barr  beaa  aaors  aietir*  and  high«-r,  on  the 


Wpuilad  aallloiaanl  of  their  disaKTremeats,  and  the  extension  of 
tk*   M881BOO  loan   made  by  the  latter  to  the   former :   on   the 


attaactk  af  thia  Panama  toaebed  143  and  Pacific  Mail  40^  on 
Wedaoaday  the  former  cloaiBK  t»day  at  ISO  and  lb<r  latter  at  36 
after  aelliaif  aa  low  as  87.  Lake  Shore  sold  up  to  «3  early  in  the 
work  aad  doaed  today  at  eOJ  :  wli 


this 


rhate%-rr  the  actual  pro»pecU  of 
ny  be  on  its  own'merits,  there  are  |iartiea  who  think 
or  later  the  road  will  be  leaaed  by  Central  ft  Hudson, 
aad  It  ia  more  than  likely  that  pnrchaaea  00  this  Idea  do  mme. 
thlnir  lo  sapport  the  stock  wheneTer  it  materlall.T  declines.  To- 
day thera  waa  a  decline  in  the  early  market,  in  consequence  of 
tk*  Cbllfaraia  news,  and  subeeqaeoUy  a  rerorery  in  ptlcee ; 
WaaUra  Uaina  Telegraph  waa  moat  aetire,  opeoiDi;  at  S2i.  aell- 
lac  dowa  to  81  i.  and  th-nee  up  to  88,  which  was  also  the  doaiog 
arlea.  Tka  latter  riae  was  aaakated  by  romnrs  that  an  arranfre- 
■aaal  kad  beao  eOected  with  the  Atlantic  ft  Pacific  Company,  on 
IIm  kMta  of  a  leaaa  at  7  per  cent  per  aanam  on  iu  stock,  yaloed 

at  S3 

Tor  tka  parpeaa  of  showing  tba  total  traaaaetioDS  of  the  waak 
ia  IM  Infllrg  aloeks,  we  have  oomplled  tha  table  following ; 


102 


mE   CHRONICLR 


[August  28,  107 ». 


Padfle  Lake  Weet'u  Chic.  A  Union  Ohio  A 

Mall.  Shore.  Union.  N'woat.  Brie.  Paclflc.  Hlsa.    Wab. 

I  A"R.  31 8.300  10,800  6.800      S.200         800  600  1,000 

'•      «8 7,100  1»,»00  li.iWO      8.900      8,.300  1,000  800         100 

"      U 80.300  n,.VJ0  4.400      a.400       1,100  500  8,400 

"      85 44,600  11,600  8,300      5,800       4,800  100  :)00          100 

"      «6 19,800  15,000  19.100    11,510      7,900  1,400  6.400 

"      17 itti,(>00  81,400  r>3,200    19,400      6,3  0  300  .3,000         300 

Total 147.100     105.600     114.700     60,000     53,000      .H.-IOO       13,900     ~  600 

Whole  stock.    ..300,000    494,665    8(7,858  149.930  780,100  387,480    200.000  160,000 

'Ike  last  line  ia  the  preceding  table  bUows  the  total  number  of 
shareB  of  each  of  the  stocks,  now  ouislaudin);,  go  that  it  may  be 
Been  at  a  glance  what  proportion  of  the  whole   stock   has   been 
turD(<d  over  in  the  week. 
The  daily  hitrliest  and  lowest  prices  have  been  as  iollows : 

OMburdaT,    Monday,    Tueiday,  WednesdHy,  TliiirBday,    Friday, 

,   ..'■        ...»     i        Aug.  21.      Aug.  25.  Aug.26.       Aug.  2i. 

I(ll>,  lOliW    'M\  ion    lOlX  104X    104X  lOlS 


Aug.  2'.. 

M.Y.Cen.ftU.ll.  vjiji  mil 

Harlem •:34H  135 

Brie 16H    l^H 

Lake  Shore....    61      e^H 

Wabaah •«),'     'k 

Horthwett 43H   Hh 

do      pref.    57)4  58X 
Rock  Island...  lu'.ik  IDSh 

St.  Paul 37«    .TSH 

do      nrel....    63V  HiK 

At.*  Pacpref 

Ohio  &MlBa...  :»H  19y 
Central  o;  N.,).'1)0K  u\j^ 
I>el.,L.&  Wnsi  fiin  mn 
Han.  &  St.  JOS.  liH  UH 
Union  Paolttc.  7bX  "" 
Col.Chic.&l.C.     i% 

Panama '1-8 

West.  Un.  Tel.    M 
At  &  Pac.  Tel.    8U 

Qalcltsllver 

do  pref. 
Paclftc  Mall.... 
Adaras  Kxp  . . 
American  Kx, 
I'nlted  States. 
Wellt,  Fargo. 


4X 

•ISH  16H 

•M  23 

S8X  S9 

•IOOh  .... 

'.^8  62 

43  43 

•;9H  81 


Aug.  ;8. 
105    :os 

■ISIX  185 
15X  1« 
61S    61X 

4iX  I3)i 
67X  69« 
USX  II SH 
SVX  E9 
«1*  65X 
ISW  IX% 
19X  l»V 
•II      112 

121X  y^ix 

2I«  2.-.!, 

-,3  :S)i 
MH      5 

I3i     ISi 

8IX  Sl« 

•....  21 

15X  15  X 

38V    MH 
lOi     Vli 
•J8H      ... 
•II       44 

8U       80 


ISIS  133H 

•lS4)i  •.35X 

•IMX  135 

I3IX  I34X 

I6H    ISX 

15  >«   le 

18       16X 

15V    16 

eix   62 

»IH   61X 

.61X    61X 

61       60V 

6H     6H 

6X     «« 

*IX   42X 

4  X   4;X 

4IX   42 

JUX    4lH 

51V    SIX 

S6X    57X 

iHii    S7X 

M«    55  X 

iu;v  I'S 

lOJiK  lOi 

108     1II8X 

io;x  Il'7« 

r,}i  38X 

Si      ssx 

J7V    38 

s;     S7X 

6?K    61% 
ISX    ISX 

61        64S 

6jX    64 

62K    63X 

19^    Wi 

18X    19X 

18  X    l.'!X 

i:i    ii'.x 

IIII<111X 

IliKf.lX 

•mxiiix 

in    m% 

I21VI  I2>!4 

UIH  i2:x 

•I2UX  I21X 

24X   21X 

24X    24  X 

•aax   21X 

28     -an 

iSK   7SX 

13       73 

->-i%    73X 

72X    r2V 

4X      4X 

•4X     5 

•4X      5 

4X      4X 

I3,H134K 

136      ,42 

HO     HI 

130     136 

8IJ<    84X 

fJX    SIX 

83  X    84X 

HX   83 

20X    20X 

8UX    20X 

•20K    21 

•I9«   2/X 

•I5X    16X 

16       16 

•....    16X 

•20       V3 

•2(1       .... 

•  -.    aix 

9^X    S9« 

a9X  40X 

38V    39X 

37       3iX 

101       .... 

'101       .... 

lOlX  IDIX 

•m     ... 

•59        .... 

60       6.1X 

6!       61 

tOX    60X 

48)4    4* 

43X    44 

•<3V    .... 

43X   41 

•V'A   SI 

■80       tOX 

•80       81 

J8X    78X 

•This  la  r,n«i  orfce  hid  and  aske  ' ;  no  »aU  v&r  made  at  the  Board 
The  entire  range  from  Jan.  1,1874,  to  this  date,  was  as  follows: 
, Jan.  1, 1876,  to  date ,,, Whole  year  1874.- 


Lowest. 

.100     May  38 

.137X>Iaii.  12 

12X  June21 


HiRhest. 
107J<  May  8 
138  Apr.  27 
35>i  Mch.  29 
80X  Jan.  2 
SlJiJan.  2 
48JiJan.  4 
62X'lan.  2 
'.ODJ,'  AU!;.  19 
JOX  Apr.  9 
65>^  Aug.  23 
18  Apr.  30 
32XJau.  2 
120  Apr.  27 
123  Apr.  27 
.3(HS  Mch.  29 
7&>^  June  I 
OJiJan.  14 
172  Apr.  26 
84X  Aug.  17 
29J^Jan.  l.i 
36  Jan. 
44     Jan 


Lowest. 
95J<  May  19 
llSJi  Jan.  7 
20  Dec.  10 
67J<  June  19 
18Ji  Dec.  29 
34X  July  15 
51  Sept.  10 
98X  June  19 
31  )i  May  18 
48  May  6 
W)i  Sept.  3 
2;ji  June  17 

98  Jan.    3 

99  Jan.  2 
22>f  Sept.  7 
23     June  17 

8  Sept.  3 
101  Apr.  20 
68  Apr.  24 
14  Aug.  25 
SiH  Apr.  28 
29  June  29 
■33%  Dec.  21 
92XJan.  18 
58>j  Jan.  2 
60     Sept.  28 


69}jJan.     5!  84 


Highest. 
106HMch.  11 
134!i  Feb.  lb 
51"<  Jan.  15 
84^  Jan.  16 
55Ji  Jan.  16 
62^  Jan.  9 
78X  Feb.  9 
109X  Feb.  9 
49XJan.  10 
74J4  Feb.  9 
22  Feb.  16 
36  Jan.  10 
:09"i  Feb.  10 
1  ii%  Feb.  10 
.34)4  Jan.  12 

ma  Mch.  30 

32^  Mch.  30 
118  Jan.  9 
83X  Dec,  10 
20  Nov  7 
3R>i  Nov.  24 
43  Nov.  27 
51)i  Sept.  30 
120  Nov.  13 
65>|(  Dec.  1 
n     Feb.    9 


Nov.  30 
aud 


The  following  are  the  qaotations  In  gold  for  foreign  and  Ameri- 
can coin  : 

SovcreUns tl  87    ®  (4  n 

NapolponN 8  88    ®    8  93 

-\  X  lielchmarks 4  77   «   4  8* 

X  guilders 8  90    0    4  20 

Hue  silver  bars 1  ..IS    0t    1  J4 

Fine  gold  bars X  di8.®X  pim. 

Uimcsaiid  Half  dimes...  —  90   ®  —  M 


Fire  francs —  92   ^  — 

Francs —  18X9  —  19 

English  silver 4  80  a   4  85 

PniHsian  paper  tbalers..  —  "(OXd  —  73 
PruBRian  silver  thalers..  —  70  a  —  "d* 
Trade  Dollars —is  ®  —  W 

Foreign  Kxchange. —There  has  been  a  very  moderate  busi- 
ness in  exchange,  and  rates  have  varied  but  slightly.  The  prin- 
cipal supply  of  short  sterling  has  beon  furnished  by  the  Syndicate 
bankers,  and  of  other  bills  the  only  noticeable  lota  wera  those 
sold  by  the  agents  of  the  Bank  of  California,  which  have  lately 
lieen  the  borrowed  bills  of  other  leading  drawers  endorsed  by  the 
Hank  of  California.  It  would  appear  from  this  circumstance  that 
tliey  had  recently  found  some  diflBculty  in  selling  their  own  direct 
bills  at  full  prices.  The  market  was  very  little  affected  by  the 
California  Bank  failure,  and  on  actual  business  the  prices  were 
about  4.H6J  for  prime  short  sterling  and  4.89  for  CO  days. 

Quotations  are  as  follows  : 

. Aog.  27. , 

„  80  days. 

Primebankers' sterling  bills 4.86>4'(i4 .67 

London  good  hankers'  do 4.8fi    (^4.861< 

London  prime  com.  ster  do 4.8.'iXid4.86 

Paris  (francs) B.17>fa5.16}i 

Antwerp  (francs) 5.17Xa5  16Ji 

Swiss  (francs) 6.nX(a5.16X 

Amsterdam  (guilders) 40%^    40^ 

Hamburg  (reichniurks) 945.(8)    95>i' 

Frankfort  (reichmarks) 94JiO    95*i; 

Bremen,  (reichmarks) 94Ji(a    96K 

Prussian  (rcichmarks) 94%®    96>i 


3  days. 

4. 89    (g4.89>^ 

4.88/,(a4.89 

4.88    ©4.88^ 

6.14X!»5.1.3« 

5.14J4(a5.13Ji 

5.l4J<aB.13K 

41     O    41>k 

9!>Ha    96 

9.-.3i3    96^ 

95Jia    9b' 

95<Ka    98 

riie  trausaclious  (or  the  week  at  the  Custuui  Bouse  and  Sub" 
Treasury  have  been  as  foUowi: 


Au^. 


N.  T.  Cen.  &Uad.  R. 

Harlem 

Krle 

Lake  Shore 57     June    1 

Wabash 47i  June  2H 

Northwest 355(  June  12 

do         pref 47X  Jnr.c  12 

Rocklsland lOOx  May  2^ 

SI.  Paul  28ji  Jnne  12 

do       pref ..     51     Mch.    1 

Atlantic  &  Pacific  pref.  1 1     Aug.  1! 

Ohio  &  Mississippi 18X  Aug.    2 

Central  of  New  Jeri^ey  .105>i  Jan. 
Del.,  Lack.  &  Western. lOfiX  Jan.    2 

Hannibal  &  St.  Jo I8J4  Ian.  2i 

Dniou  Pacific. SO     Jm.  18 

Col.,  Chic.  &  I.  C 3     Jui.e  1« 

Panama IIOJ^  Jan    21 

Western  Union  Tel 703s  ^'oh-  1' 

Atlantic  &  Pacific  Tei..  18     July  14 

Qaicicsilver    13     May  14    36     Jan.    6 

do         pref 20     July  16   44     Jan.    7 

PacilicMail 30ji  Feb.  iOi  4574  Apr.    3 

AdamsExpresB 98     .T-id.    2|10i>s;  Mch.  B3 

American  Express •^)     June95|  65     Jan.  15 

United  States  Express.  41>i  Ang.  Ill  65     Jan.  11 
Wells,  Fargo  &  Co 75     June   71  92X  Apr.  30 

Railroad    Barnings — The  latest   earningrs   obtainable, 
the   totals  from  Jan.  1  to  latest  dates,  are  as  follows  : 

, Lateatearnings  reported.-  - — ,  Jan.l  to  latest  date. 

Koads.  1875.  1874.         1875.  1S74. 

Atch.,' Top.  &S.  Fe.  Month  of    Jnne.    $101,4.38     11101,774     #575,678     $574,663 
Central  Pacific.  .   ..Month  of  July.    1,477,000    1,286,940    9,324,000    7,610,903 

Cliic,  Mil.  &  St.  P.  Month  of   Jul.v.       " 

Cin.  Lafay.  <fc  Chic.  2d  week  of  Aug. 

Illinois  Central Month  of    Jniy. 

Indianap.  Bi.  &  W. .  2d  week  of  Aug. 
(udianap.  &,  St.  L...  Month  of  July. 
Intorn'i  &Gt:.  North.  Month  of  July. 

Kansas  Pacific 1st  week  of  Aug. 

Keokuk  &  Des  M. . .  3d  week  of  Aug. 
Mo.  Kansas  &  Tex. . .  2d  week  of  Aug. 

Mobile&Ohio Month  of   July. 

St.  L.  Alton  &  T.  H..  1st  week  of  Aug. 
do  branches.  2d  week  of  Aug. 
Sit.  L.  I.  Mt.&  South.,  ad  week  of  Aug. 
St.  L.  A  Southeast..  Ist  week  if  Aug. 
St.  Paul  &  8.  City,&c.  2d  week  of  Aug. 
Union  Pacific   Month  of  July. 

The  Gold  Market—Gold  has  been  quiet  throughout  the 
week  until  to-day,  when  it  was  more  active,  and  advanced  on  the 
California  news.  The  rates  on  gold  loans  are  also  higher  on 
the  renewed  rumors  of  a  probable  attempt  to  make  cash  gold 
scarce.  After  closing  at  113i  Thursday  night,  the  price  this 
morning  opened  at  114,  advancing  subsequently  to  114^  and 
closing  at  113 J.  On  gold  loans  the  rates  to  day  were  6  and  7  per 
annum  and  1-64  and  1-32  per  diem  for  bnrrowine,  and  afterwards 
flat.  At  the  Treasury  sale  of  $1,000,000  on  Thursday  the  total 
bids  amounted  to  $.5,000,000.  The  Sab-Treasury  has  trans- 
ferred to-day  about  $800,000  in  tiold  to  San  Francisco  banks  by 
telegraphic  orders  to  the  Sub  Treasury  in  that  city,  the  gold  being 
deposited  here  by  agents  of  the  banks  in  New  York.  Custom 
receipts  of  the  week  were  $3,786,000. 

The  following  table  will  Bbow  tlie  coarse  of  gold  and 
operations  of  the  Qold  Exchange  Bank  each  day  of  the  past 
week  ; 

. (iuotaitons. , 

Open- Low- High- Cios-      Total      , Balances. , 

100*.  est.  est.  ine.  Clearinga.  Qold.  Currency, 
aaturday,  Aug.  il  ...l:3X  113X  1I3X  llSJi  $21,.370.0OO  $1,539.9(18  $l,Sll,8ft5 
Monday,  "  2l....li3X  n3X  113.:<  118)i  20,548,000  898.323  1,021,649 
Tuesday,  "  S4  ...:r;(  tiSif  113X  1I8X  17.427,000  6!)5,ii55  791,894 
Wednesday,"  25  ..  ll'S  ;13S  ;'3)4  113>^  15.980.000  1,265  871  1,431,217 
Thursday,  "  3t>....1.3;i  -.l.sji  1I3?J  113}i  21,709,000  846.236  9«2,82b 
Friday,  "    27  ...114      T.SJi  114X  IViJi       3.3,672,000     l,7?5,6a2    2,068,958 

Cnrrentweek I :SV  USX  114V  113%  $130,706,000     $ $... 

Previous  week I13>i  118      lU^  'Adit     138,997.000     1,160,187     1,314.209 

Jau.l.l87S,  todate...lU>t  IHX  inx  113K        - 


21.... 
23.... 
24.... 
25.... 
26.... 
27.... 


Custom  , 

House     , Receipts 

Receipts.  Gold. 

..  Jli.3,000  $5(13,722  12 

, .     6.35,000  689,-537  79 

,.     64S,fl00  761,608  25 

.     645,000  1,859,062  42 

.     430,000  ^47,318  49 

.     4.J3,0O0  1,1811,239  S3 


-Sah-Treasnry.- 


Cnrrency. 

$619,613  02 
647,617  5: 
290,265  88 
653  036  57 
495,094  76 
1,927,85S  43 


-Payments. - 


Gold. 

$101,997  OH 

377,296  60 

100,599  40 

119,517  K8 

1,432,286  89 

2,184,8)6  90 


CnrrencT, 

$748,107  77 
589  834  48 
121,(87  17 

1,005.302  16 
215,031  8:) 

1,209,362  10 


812,197 

749,215 

7,222 

8,416 

231,328 

271,495 

702,783 

C27,4.')4 

4,070.071 

4,191.309 

22,689 

87,118 

703,766 

1,022.389 

:0:l,488 

145,811 

864,574 

1.27,317 

71,632 

70,495 

651.818 

641,735 

59,711 

76.535 

1,792,684 

1,889,513 

80,034 

18,256 

612,096 

414,869 

59,241 

68,501 

1.560,859 

1.793,032 

102,101 

119,047 

885,436 

1,203,317 

10,107 

25,838 

550,824 

717,455 

9,220 

13,960 

329,336 

311,889 

72,665 

53,621 

1,986,824 

1,766,871 

14,893 

25,806 

561,103 

717,376 

15,387 

12,984 

416,770 

466.970 

,a34,653 

850,14.3 

6,660,427 

5,413,'?  i'5 

Total $2,786,000       5,712,088  93     4,583,516  22    4,316,514  82     4,269,128  51 

Balance.  Aug.  20 33,145,717  33  62,4i6  Ofl2  08 

Balance.  Aug.  27 31,511,801  41  62,71l,3r9  79 

New  York  City  Uankn.—The  lollowlng  statement  sbowB 
the  condition  of  the  Associated  Banks  of  New  York  City  lor  the 
week  ending  at  the  commencement  of  business  on  Aug.  21, 1875: 

. AVBKAeB  AMOUNT  OF • 

Loans  and  Legal  Net  Clrcula- 

Bamks.  Capital.   Discounts.  Specie.  Tenders.  Deposits  tlon. 

New  York $3,000,0(10  $l(i,2,W,!lO  |l,«13,500  H,336,2llC  19.578  9HI  16,700 

Manhattan  Co 2,050.001  5,458,900  3IS,?(jO  1.350,400  4.50:1,100  »,50C 

Merchants' 3,000,000  1C,13«,IOO  SM,7(.0  2.S9.i.5(X)  9,W.,.'00  490,100 

Mechanics' 2,000,000  7,1(14,71)0  219,100  1,4(0.100  5,;21,200  400,500 

Dnion 1,500,000  4.((IO,(i00  162,300  7.^2.500  8,1M,  00          

America 8,1X10,000  9,553,900  7l2,Si0  3,9^9,300  9,617,700  I,2I'0 

Phosnlr 1,800,000  4,089,800  8.'i8,30O  42:i,3tfl  .'(,0Oi,6(0  '59,Ufl 

City 1,000,000  6,1103(0  67I,(X)0  2.4.6,000  6,3H,-;00 

Tradesmen's 1,000.000  9,863,100  32.900  f.33.lO0  2,332.000  ■;9J.9l:0 

Fulton 600,000  1,592,71)0  216,100  (i8i,900  1,4^0,500             

Chemical 300,000  6,367,000  351,300  2.311,600  7,611,8(0          

Merchants'Exch'ge.  1,000.000  S,7'i7.500  39,400  7.!7.000  3,174.S'jO  4:2,600 

Gallatin,  Natlonar. .  1,500,000  8,84S.1«)  294,000  609,(;00  2.I6S,000  15>.7C0 

Butcliers'cfcDrovers'  800,000  2,:i03,0tl0  3S,aa  681,200  1,'34,»00  r.9,»U0 

MeciianlcB&Traders  600,000  1.952,100  27,100  286,V00  1, 2^7,^00  195,700 

Greenwich 200,000  l,i«S,5()0          112.300  9^2  800  2,700 

Leather  Manuf 600,000  3,339,800  851,500  EoT.HOC  8,006,900  2!.i,100 

Seventh  Ward 300,000  1,103,400  29,300  232,000  1,105.500  114,500 

Stateof  N.  York..  .  "2,000,000  4,674,000  271,200  2.0.0.^00  4,145.900  S?3.3('0 

American  Exch'ge.  5,000,000  13,267.fO0  717,000  I  852,1110  9,400.0(10  414,000 

Commerce 10,000,000  i9,515,!00  725,300  3,6S9,100  9.)5O,-;O0  !,Tr2,:00 

Broadway 1,000,(X10  5,742,000  57,600  702,100  3.250,300  890,000 

Mercantile 1,000.000  4,26i,lf0  162,400  71(8,200  8,917,600  225,000 

Pacific 422,700  l,8rO,200  lS,r00  9i,)2,.S()0  2,103,;00  .     ... 

Republic 2,000,000  5,105,300  512,600  4il,600  8,214,900  821,901' 

Chatham 450,000  S,031,800  130,600  l;9l.((00  3,057,1(0  274,0110 

People's 412,500  1,310,200  400  299.600  l,-.'20,600  5,500 

North  America 1,000,000  2,557,000  129.000  3(*,'100  2,111,100          

Hanover 1,000,000  3.436,400  11S2'J0  651,400  2,779,200  2oO,'00 

[rvlne 500,000  2,294,000  20,000  617,000  2,40.000  131,500 

Metropolitan »,0C0,C00  12,K»,0OO  126,000  2,mi,000  9,941,000  286,000 

Citizens 60(i,0('0  1,66:.I00  35,400  351,800  l,561,S<.'0  131.800 

Nassau 1,000,000  2,4S8,51'0  25,700  212,300  2,lS2,lt'0  3,900 

Market 1,000,000  2,6S5,=,00  140,400  474,200  •..798,700  '201,000 

St.  Nicholas 1,000,000  2,396,«10  123,600  3:0,900  I,I2.V00  693,100 

Shoe  and  Leather..  1,000,(00  4,359,500  109,500  582,'i(0  3,2(6.700  772,000 

Corn  Exchange 1,000,000  2,657,900  75.300  90T,ITO  1,84(1,100  4,M0 

Continental 1,500,000  4,214JiO0  113,500  805,000  3,471,2(0  466,800 

Oriental 300,000  1,583.300  4,400  2?1,:00  l,2SS,600  4,000 

Marine 400,000  2,311.100  92,000  612i«0  2,.S33,500  216,500 

Importers'*  Trad'rs  1,500,000  14,339,500  881,500  5,517,800  17,9.:i',5O0  491,500 

Park 2,000,000  14,2i9,800  441,100  4,89S,<(00  17,748,300  ..... 

Mech.  Bank's  Asso.  800,000  987,000  3,20il  3M.10»  880.500  2'.9,0O0 

Grocers' 800.000  695,600  8,100  !65,:00  6M,900          

North  Klver :,"00,000  94:1,500  19,700  151,200  783,400  ...... 

East  River 8,50,000  1,016.800  21,900  13.!,900  603.100  190,iOO 

Manufact'rs'&Mer.  300,000  7(8.400  l,(«JO  132,400  621,0iC  ..... 

Fourth  National....  5,000,000  19,082,000  467,100  4.610,000  16,173.800  2.112,il0 

Central  National...  2,000,000  7,10S,000  29,000  1,712  000  6,203.000  1,825,000 

Second  National....  300,000  1,863,000          457,000  1,662,(00  135'11,S 

Ninth  National,  ...  1,500,CCC  6,717,100  50,200  1,104,00('  6,162,000  423,600 

first  National 5(10,(00  5,863,700  272,500  l.5S7,7  0  6.816,900  45,000 

Third  National 1,000,000  4,235,9(0  336,610  4,!:-6,aC0  7,381,800  49.4110 

N.T.Natlona!  Exch.  500,000  1,459,700  10,000  220,600  971,000  2ili.(^  0 

Tenth  National 1,000,0(0  2.130. "00  62,700  528,900  1,278,9:0  858,2(;0 

Bowerv  National..,  250,PCC  1,204,600  8,100  268.400  979.000  2=8.000 

New  York  Co.  Nat.  200,000  1,240,000  ....  8J9.((0  1,076.000  180,000 

German  American.  1,000,000  3,609,500  286.900  1,19.3,800  4,051,300          

Dry  Goods 1,000.000  2,168,600  5.700  211.700  l,57»,100          

Total (31.085.200  8^2.961,200  tl2,885.70i>  170.3)6,700  1246,176.810  »18,234.600 

The  deviations  from  the  returna  of  the  previous  week  we  as 
follows: 

Loans Dec.     1585.7001  Set  Deposits Dec.  t!,S5«,iOO 

Specie Dec.     I, (I56,4ll;i  |  Circulation Dec.      178.2(0 

Local  Tenders Dec.        33.5.3H1 

The  following  are  the  totals  for  a  series  of  weeks  past : 

Legal  Clrcu-  Aggregalu 

Loans.  Specie.  I'enders.  Deposits.  ladon.  Clearings. 

May  29....    2bl,r.98,50O  ll,4Bj,>i(10       63,871,900  232,>90.9(10  19.921,l('0  450.111,5.50 

•June  5...    2<l,40l,'(1O  10,655,200       61.612,300  233,4.4.100  I9,79ii,80O  4i2.02?.137 

.Mine  12...    2r7.«17.800  lO.-M.-.'OO       66,822,500  233,i6^,7l)0  19.666,600  86;.1-.2.915 

June  19...    275.217.500  11.6:.3,30O       68,900,200  234,(i;8.iOO  19.112.000  <8J.7E9.498 

June  26...    276.707.800  8.147.000       7l.4»l.«0O  2S>.76'i,0(lO  I9.106,.tOO  424.6(4.4(9 

July  3....    ■.!7<l.S97.2(10  lS,S24,6liO       73.51..100  245.^9S.7llO  1S.9S2.500  4;s.»l'2.:;'^0 

Julv  M...    280.86«.80O  16,937..10«       70.661,200  250.105  2O0  ;8.«f4.''nn  371,125  183 

Jut  17...    279,558,800  16,964,900       73,735,S00  250.82().6(10  lf.8ll,6C0  3^S,M5,74^( 

July  21...    277.549  200  17.519,200       75.(15.200  25^.U».6('0  18.591.10«1  36 1, .501. 181 1 

July  31...    278,9117,700  15.;87.200  75,531(00  251.(166.100  18.5,6.100  SiP2.74;.677 

\ugu8t6.    241.431,800  16.331.400  73.601.300  251.46!.8«)  18,5:1.800  361.90.425 

August  14    283.541,900  I3,44M00  70,72.1,200  248.'«3'2ro  18.412.7(0  SC3.;58.766 

AaKUct21    282,961,200  12,385,700       70,390,700  216,176,800  13,231,500  817,911,17 


Augofit  28,  1875.] 


THE   CHRONICLE 


203 


Xatioaal  B«Dka, 
Aag.  33.  1875 : 

4ilu(>e. 

4I1U 

BlaekaUMM 

aoAtoa 

aofUtoi 

Sro«dvft>  .......... 

Casual 

ColniablaB 

CoBtla«ataL.» 

«llot 

■•«rau...., 

raa»lliUil 

Praamaa'a 

aiolx  ». 

ti«mlUoa 

Howard. 

Maa  afactaran'.. ... 

Marael 

Maaaaekoaaiu 

Mavartak  

Marfikaau* _. 

Matron  Uaa 

SoaaiTaraea 
a*  Baclaad 

MorU 

Old  BoatoB 

Skawaat  

•aoa  *  Laatkar 

■tala 

iafolk 

Traders* 

Tramoal 

Waiklacua 

rir»« 

Saeond  (Oraalla)... 

T»lrd 

Foar:ta 

Haak  of  Coaaarca. 

^>akof  X.Aaerlaa 
k  ol  a«4«a<>uoa. 
Btakof  Kapaniic... 
Uaaaoawaallfc 

lacla  

Biekaaca. 

Hid*  *  '- 

8«T«r« 

Saearllj.. 

Ualoa.... 

Vatoaiar.. 


ka. — B«low  we   gitn  •  ■Utament  of  the  Boelo" 
aa  returned  to  the  Clearing  House  on  Monday, 


Daallal. 


Caallal. 

«r — 

'A 


'Off 


BoaoM.  b.T.  Hotaa.  t>ao<»li«. 

«ff  sss  %«s 

UH  m.1M  ijii.no 
tjm  louM  ■ta.TM 
:tjai       r,jm       ntMO 

-^^       «ai.iog 
ns,u« 


iSSG 


ii.m 

tjM 


IJN 

n'ioa 

i 


U.M 
4:  JOS 


f»JB» 


iM'ao 

fIJU* 

•i.'Jt 


M<l 


iij«.na 

SJUIJOO 

|,WUOD 

i,t>LI.7(« 

MUJUO 
Uto.TUI 

i.aujMM 
a.«MM 

«B.'.a) 
uajuD 

i.in.K« 

iiSa.Ml 
M1MW 

a.a.M 

tWI.M 

«jpojm 
l.iilJuo 

I.I<«MO 

UMII) 

1.1  WJM 
4>llJM 

*'S5 
KMM  ,_  


>w.m 


^44JI1S 


Clrem. 
MiLtuO 

M.M 
SSLMS 

«>I.OUO 


m:juo 

MjM» 


M.IM 
*4(.M0 

liMJlM 


imXo 

t4t.«M 


r»3to 

<l*.4M 

r.u 


wjat 


SUM 


WJN 

MiAO 

IIJH 
MUM 


•tIJ 

:j  " 

t.ltOJ 

M.1W 

TIMO* 
74a.M 

i..»)je» 


«7J 


I 


IJH4.1W 

M4.4gi 

UIMM 


MN.U» 
W.M* 


UJAID 

■M.va 
•ii.ite 
tfi.i* 

M.Tjk 
Kijka 


fiS 


iMl. 


«l<'.1l* 


t;iTT.ii» 


i:*.l>B 

snjuo 


ratal (MjMjn  n«.«§iita.    iicua   H.mjae  kumjm  imjitjio 

Tbatotal  afaaaal*-«Bal««iaaTllaai«.°°uixriuiaa«atef  Aag.  11  li  |ii.llt.lm 
ThndertatloBSlrom  laat  ireok'a  raturaeara  aa  lollowa: 

u.ana  Oaaiaaaa.  MM  «» ;  oaaaana. 

'Mri« naoiana.       ma  I  cirealaUea 

L<i«al  Taadart PiMiaii.    Ml.«  I 

Tbelollowlacaratha  totals  (or  a  aariaaof  w««k*paat: 

.  .•»•«••  lx»»aa^^       a»»«'i«.    UacaiTaadata.   Oaeaalia.  CIrcalaltea. 

■'•■r  M »'.%■*•       ijcano        fjKs       mKm       mmij* 

i:r-v  ;;•;;.  .SS*     i»^     ^     sSS     JI55.-5S 
i::. »*'':....-..; '.SaS      T:Z     98    USS     SJHS: 

Pklla^lalplila  llaatta. — Tlii    followiag   la   tna  avpraga    eoo. 
4ltioa  uf  iba  Philadalpliia  National  Baaka  for  the  we«k   prveed. 


log  Moodaj,  Aiur.  88,  1870 
Baaaa.  OayKal.     m 

£ulM^»a.a. tumjmM    — 

lorUAaartaa iJtmjM 

praataaadMaaa. 

OksaaaatalM 

Mtfiaaalna' 

iaaklf.uawi 


Tatalaat 

'iSSSXVSSSi 


W«aUrm 

IC«o«fftet«r«rft*..., 
f«BK»iOo««crc« 


Qaatral 

iaakorMa^'biia! 
■aaaim  

Taui  ...  

Tna  dartat  • 


Thfi  follnwl 

J^lfW 

***  i...... 

Aa<.»   

Aa*   :4 


tm.mjtt»  iiiji4ji« 
-'irnaot  pravwaBwaakara  as  (nllowa- 

...-.■■»    i»«naa>. i>-a.    Ma.ia> 

<   *•'    ciraslada* I„t.      4IIM 

■• l» -r         14.^  4 

ft  are  thi>  totaU  li>r  a  aarlaa  of  wecka  piuit : 
Utana.         a»*rip.   LrfaiT««>tar.     n««o*t*«.  oir<*aiant*a 
>*M:fiu       mmmi        itjaMit 
It.*;  an       ia,tn.;is        laSrSi 

I4J«,|»  4a.W^^.1M  WttUll 


BOSTOV,    PUILADBLPBIA,  Ete.-ContIaBe4. 


I7t> 

aMjM 

WMIt 
W4.HH 


Itu;; 


aumi.  PIILIDKM'UU    AM)  OTIII    CITllg. 


■oaT*ii. 

Mala«a 

Vav  ll«mp«air«,4a  .. 

Vamoat  4a 

MaMa«<.aiMa«u4a.  itoM 
,  Ool4 


cr!'ffi5»' 


aiAMaaa..  MM.  (.IS. 

rrocta. 

lAiMaijiaak 

watea  a  LoaaO  aleak.... 
1  •«toaa  Malaaj 

HanlwMr*Ma!t7laira(ki 


lAlaaae 


a... 


c'uSE'.CfrSL^: 


Alck.aTapakama  : 
**  lBa«(< 

12  it  "«•• 

_      4a  aaa  laa.  la 

la<WarMaln«  1. 

HrSgtor 


ift^ 


a±r::t< 


M.  "la  *  i.af 

,^_^       S         «ta4i«d<bt- 
OaaaaabanALaaai'k  <>• 

Kjllar.l,  D«»  ;• 

V«rat'tl>a..tatM.,eon- 

_    do     <4Mort.,V.M*i    .. 
Varaeat  *  Oaa.. 


i:i»«r 

«  Paaaaapalc,  rr. 

4aat«rn  iM^aa  , 

llaalatsfNaar  Uampablta).... 

riwkkarc    

'<4as<:k«iia>aLawraaea 

<iMkaa*tavaa. 

<oatk«>a  a4  Raw  Haaapaklra. 

<ar«tak*  Wafcastar 

i<i«Ba.  *!,.  Caaniflala 

io  do      yral. 

■^Coloar 

'>''t.,a*ca*renaa««tk...  . 

lo     aralartad.'.'.'.'.'.'.'.l.'.".'.'. 
•  •naaatACaaaaa 


•M.  *ak 


4  h 


•M 


5« 


i« 

M 

IMM 


aaovaiTiM. 


PHILADELPHIA. 

BTATa  AJTD  OITT  BOHDa. 

PeanajtvaBlata,  coap 

do  do    reu 

do  4a,  10-15,  2d 

do            (In       IVIS.  id.. 
rkUadalphIa  <a,  eU 

do  4a.  Dew 

AlleabanT  CoobIt  Sa,  coup... 

Fltubargti 

do        5a 

do       Ta 

Hav  Jaraejr  Stale  ••,  Exempti 

Camien  Coanty  a 

(.amdco  C117  7« 

Oalaaar^la 

HaiTlabarc  City  *i 

BAII.SOAD  arooKa. 
IkAtlaoUc 

do  do      prar 

Oalaalaaa 

do        praf 

do        Bew  pref 

Balraa  Wiuiamaport 

VBtlraa  wuiltmaport  pref.. 

■aat  reBBartraBIa 

HaatlBCJoa  A  Broad  Top  .. 
do  do    pr«f. 

Lahlab  Valler 

UtUaSehajlklU 

MiaaklU 

■aaqaakaalBt  VaUty 

MerriatewB... 

RortBara  Caatrat 

■acta  ■■•aaajrli  ana 

UilOrak  a  Allegbenj  Hirer 

raaiaiiraala 

PbUadelphU  a  Krie 

PMIaiielphlaa  1l«a<1lD( 

Pblladelpbta  a  TraoioB 

PBlia.,  wtltntna.a  Baltimore. 

UBltedN.  J.Compaatra 

WaatCbratarcOBaoupral 

WaaiJaraat 

OAVaL  arooKa. 

Laklah  NarlKailoa 

Morru ^ 

€0   pref  ..  

BaharwUl  XBTtaatloB 

do  praf.  .. 


B 

m 

.ra 
N 
M 
lilt 

N 


H 

es 

11" 

s« 

si' 
I 
II 
eji 

80 
91 
M 

5" 

s» 

XS 

^k 

iw 

tsak 
if 


IIIH 

liii 


w 

MJ, 
N> 

im 


BAILBOAD  BOVl>a. 

allackaar  Tal  1  S-Ioa, 'KM 

do        ;•  K.  Kit.lMO 
do     toe.  Tirnd.lii 
BalTldara  IMlaware.lat  ni.4,i: 
At  do      Id  M.(a,-« 

«e  do      id  U.U.TT, 

Oaa  4aa  A  Aakor.ja,  J... 
Je  da      aa.  tt 

4a  daao'Vta.li. 

Oaa.  A  AHaa.  laiB.M.f.  i««    . 
^^  da  M  doia.  H*i.  .:H« 

cam  •  RnriUfioa  Co.  u,  *•;.,  ** 

I  aumaaa.  aaw  !•.  IKC :oi.lt 

Cajaaa  Lake  Ut  m .  a.  7<,  im  1  ^v 

CakMctlaa  4a  Itoa-IM M 

•  kartlata  ta.  IMI ... 

paa..  H  *«likaa.latm.'k.«I   » 
P>law>r«  ■or».4«, rarlooi. ...  ly 

r«P»BB.ial  nofi.la.'M.  .    i:ttiX 
*  W'aupoll.  141  m.  '.a.'«.,l>'<H 
do  do   5e,P«rp' •« 

■anlskarc  lat  aort.  a/U. . . .  :W 

■.AB.T.>ataon.:a,<IO !.««• 

do       Id  aort.  ;s,  •»...  I.W 
do      Ida.  eooa.74.t».l  M 

UkaeaA  AlBaaa  a.  7a.  "a IW 

JaaailoeUt  aart.a. 'S,     .   5 
do     M     do       im(Wji  M 

do       do^    do     ra«.lll8iwi« 

aa       da        aa      7e.  inoaik 

ma       do       coB.B.a.  iKii  ^.■ 

ia       do  do  lac  n^il  M 

Ulilaaabaj1ktll.UtM.7T.  1177  ho> 

iTonfearaCaBual,  tiB..a,v,    -■■ 

Mankata  P>  daa  7  »-ia.  ia«.    *> 

"•«'~Ji'i."':.%*.:..  !fi 

do  cbaltel  M.  lOa 1<S 

lu  CO.  M.Ta,  lim..  1-* 

iHICraek  AAla.  K.r.  a.Ja.Vt    U 

«i£nf.r.j^J:kVa.  aii*.  ,«• 

•>aaaivlTaai*. lai  M.,4,|>M...  iM 
4«  a.«a.  Bi.  14U.,  coap  V'' 
do        faa.  a.,  raf..  itic  \*% 

raraiaaMB  lat  m.4a,'*I. I  ^•• 

Fklto.  A  Brl*  let  a.ia.tl *•>> 

do         lda.7a.-a \^ 

IHIiadalpkuaKeaillBaa.  W,l>4 
do  I0      Ta.  tB  I" 

do  dab.boada.  M 

do  a.  ».>•.<•  >*" 

do  do   rea,!tr 

da         Baw  aoBT.  'a.  '.Sta 
Coal*I.Coni..7a.'n-1 
.  Loola7a,"«l.. 
rntUT.  ia.lia*.. 

ladianaTa.W 

7  O  rac  lat  m..  '•.  I«'5.  •  ■ 
barj*  Krle  lai  m  ia.M.. 
fabarr  A  Lewleloo  7a.  l^tO.. 

Calon  A  I  lloaTllla 

Oaltad  It.  J.  e  aa.  m.  la,  *l 
Warrea  *  r .  let  n.  la.'M  .  . 
WretCbaatar  aea*.  Ta.-X.  . 
Waal  Jaraarlaia.a, -M^  . 
do  da    7a,  :l>7.. 

Waalars  Paaa.  RH.  4a.  t«... 

do        do     aPb-M 

Wllalaa.a  Haad..laiM..7,lli«> 
do  do  id  Mori.  IMB 

OAWAL  BOVDa 

tMatrara  OlTialoa  U.tl 

Lak>ii>  IfaTiaatioD  a.*')!. 

do  Rn.'»7.... 

do  Ti  

do  eonT .  *|^ 

do  eODT.,  CM. 

do  fold,  *f7 

MorTa,latM.,l,l(7« .    .. 

da     MM.,  ftTt 

do      boat.  *M 

Pa«B<TlTaola4a,  mo ■ 

BakaTUIilNtT.  tat  in.4a.'n. 
do        M  in.,M,1»<.| 
do         m.  4a. c.  ti. 
do        4a, Imp.. 'SO.. 
doM.boalAca'.llll 
do  '.a,  boat  a  lar.llil 
do         aerlp... 
gaaqBahaBBB  la.  :W4  ... 


aBoraiTiaa. 


ua 


lii" 


1J7X 


1(0 


ii'm 


•si: 


M 

10 


loisi 


ait 


MM 


BALTimORB. 

Marrlaad  <«,  delenre,  J.  A  J. 

do        6a.  exempt.  K^S? 

do  4), U80.  quarterly... 
•Jo        5a,  quarterlT 

Baltimore  6a,  iSSI.quartrrly... 


:oi 

|IBK 

lOii 

w 

lUI 

si; 

iS" 

w 
ua 
w 
w 

100 

ita 
S** 

K 
M 
W 

107 


•7 

M 

w 

M 


K6M 


do      a.  i«:6,  J.  a  J 

do  I',  1890,  quarterly., 

do  4a,Parl(,lt>»',  Q— M 

do  la.MS.M.a  S..... 

do  a.  exempt, 'S3,M.as 

do  a.iaoi.J.aj 

do  fa,  IMm,    do    

Noriolk  'Wa[>r,8a 

BAII.ROAn  BTOCXB.      Par. 

Ball  aOblo-St'Ck lor 

do        Waah.  BrBrc>i..'U' 
do      Parkersbiirg  Br.  S 

Northern  Centml SO 

Weateru  VarylaBd il 

reoira.i  lilo 50 

Plttaburiili  &  CoBBellarllle.  51 

BAILK04t>  PO.\D-. 

Bait.aohic  a, -.'S'.j.a  J.... 
do       a.  >«>:.  A.  a  o.  . 

N.W.Va..M  M.'«nar)'-i5.  J.*J 
Pllub.*Cini:enaT.  74.18,  ao 
Konbern  Ceottal  ta.  18SS,  do 
dn  to,  19a<.A.*0. 
dn  to.KolJ.lWO,  .laj 
Ceo.  Oblo  !•,  l.t  M..>i>W,MA8. 
W.  Md.  to.  isi  M..(tr)10,J.«  J 
do  latM..  frW.  J.a  J. 

d..  91  M..  (irii<r.)  J.*J. 

do  3d  M..  (pref.) 

do  I'M.iarby  W.   o.)J  *J. 

du    to.  MM,(Kuar.)  J.A  J. 

Uar.  A  C.B.  7a,  P.  *  A..  tu< 

do  M.M.A  M... 

do       aa.Sd.  J.  a  J.  ..  . 

Oalon  PR.,  lat  (nar..  J  A  J.. 

do       Canion  endorsed. 

MlfCKLLtHBors. 

Baltimore  Oaa.  certlflcata" 

Pcoplal  Uaa 

WA8HINGT01C. 

Perm.  Imp.,  to.  a.  IMS 

do         7a.  M; 

darkel  Stock  bonds.  7s.  ISM., 

ITaler  Stock  bonds  7a,  1901... 

7«,H(«... 

rnnd.  I.nan  (Cor(  )  8. tea.  itu 

(  year  Cera.. ;  3-U>.  IBTS 

Ten  rear  Bonds, fla,18i9 

'aD<1.l.oan  (t'ona  >4  a,  I89t. 
Pood.  Loan  (I.FKt.'a.a,  tldi, 
C'i'.ofiUue;.  .".-;8):>s,atplea» 
•'      (•»»l)t'.»lple«> 
Cbea.  a  O.al'k  ('(' )  4s.  at  plena. 
Board  of  Public  Works— 

Cer*.  Oab.  Imp.9a,IS7i 

<o  IK3 

do  1874 

do  ISTJ  

do  «   1878 

do  Series. 

Certiae8iea.8ewcr,  to.lS'l-n. 
Waiai  OrtlRpatas.M,  in:... 
exoiorrowir. 

OaLprsl  ttock.B..  :881 

do  *a,  St  pleaaora. 

aonniy  atock,  a.         do 
MAikci  stuck,  to,  di 

riNri?(NATi. 

OtnclBBsll  5s J 

do       41 "n 

do         7a -IDS 

do  7-*» •!" 

ClnclnBBll8oatb'oliR.7.Xla>  ic«x 

Hsnt.i;o..Oblu4p.o.  onabda.  *H 

do  do      7  p.C.llotTra.  'M'l 

do         do     IM  bda,7  A  iJOt  'IW 

OIB.  A  COT.BrM<(.' aock.prel  lit 

do  I'Onds.iong.   SO 

Cln.,Bam.A  l>..1st  M., ',  80...  Ill 

do         do      tdM.,1.«...    M 

do         do      Id  M.,  8,77...  100 

U'IB..  Ham.a  Ind.7ajnar lU 

an.Alndlana,  Isl  ii.,7 

do  do  Id  M.,  7, 1(77..  ■» 
Uolam.,a  Zenla.1st  M..7, 10.  :it 
OsytoaaMlrh.,  ISIM..7  11.. 
do  do       i<!  M.,7,  ■84..    M 

do  do       9dM„7, 'M..     89 

daTo'dodsp.bda.7.'<l-'*l     97 
OaytoaA  Waal.,lalli.,  1881..    '100 
Jo         do      lalM.,  las..    a 
do  do      lat  tl.,  1, 1905.    75 

Uld.,CIB.AI.sr.,Iat»(^7 71 

do  (I.  a  C)  1st  M.,  7, 1881'    91 

l.luiaMlami,4,iSHa 91 

Cln.Ram.a  Usytonatock.. ..  90 
rolamhnaa  Xenlaalock  ... 
nartonAMicbUanslork ....  17 
do  8p  csfkanai  1(1 
Uttis  Miami  stock 97 

i.oirisvii.i.B. 

LoalSTlllato.'nto'n 

I       do        to,  171010 ^. 

do        Watai  to,  '87  to  *RI. . 
do        Water  Stork  to,  '97. 

do        Wbarfto 

do        special  tsx  to  of  '89. 
laff..  Mad.  A  l.lstM.(iaM)7,  II 

do         do   id  M  ,7,. 

do  do    1st  M.,7.19a«.... 

LonlST.  C. a  hex.,  lat  U.,7, 17.. 

I  ools,  a  Fr'k..  1st  M.,t,'l0-';8. 

do       LoulsT.  LoaB.I.*8l 

L.  •  Naab.  lat  M.  (m.s.)  7.  T;.. 

do    Lor.  Iioai  lin.s,ll,  14.'(n 

do         do      (l,eb.Br.)<.'M 

do    IatM.(Mcm. Br)7,*»-'7B. 

do    latM.(Leb.br.ex)7.'80.ie 

do   lx>n.L'n(I,en.br.ex)4,T- 

do    Conaol.lat  M..7, 1898.. 

Jftffaraon..  Msd.a  Ind 

toolsr., Ctn.a  Lez..prar.... 
do  do         common. 

LonUTllls  a  MuhTllle 

AT.  LOIJiS. 

Bt  Loals  to,  Irfina  Bonds 

to       Watertofrold 

do  do       do   (new) 

do  B-ldire  Approseh  g.  4a 

fin  l{en.-WHl  aoM  8a ' 

do  Eew  r  g   ««Wno'»IM)' 
8t.LrtilaCa.iiew  Park  R.  4<... 

do         c'y.  ' 
AI.A  Paclflr  anar.  land  rraau 
tlo      to  M.(tnnded). 

*  And  Interest. 


■08 
I' 8 
101 
85 
IM 
IIM 
104* 
IU< 
IU« 
KI4 
l"4 
'.04 


106 


10* 


174      IM 

8 


12 
WX 

48J< 


Mk 


98X 
llO 


105H 

ten 

H)X 


S'X 

8tH 


•« 
•t 

(D 

107 
101 

94 
108 
ICS 
IW 

IS 
'.01 

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Id 
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100 
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103 

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fi 

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89 

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71 

t«X 

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104 

l.«H 
113 
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204 


THE  CHRONICLE. 


[August  i8,  1878. 


GENERAL  QU0TATI0]<JS  OF  STOCKS  AND  BONDS  IN  NEW  YORK. 
IT.  8.  Bondi  ana  active  Railroad  Stocks  art  quoted  on  a  premou*  page.     Price)  represent  the  ver  eint  value,  whatever  the  par  may  he 


BVCITBITtieft. 


State  Kouda. 

«J«btni>  5s,  1883 

do      M.ieM •■ 

88,1686 


do 
do 
do 
do 
do 


Bid. 


gs!  Mont.  &  But  'la  R. 

8»,  Ala.*  Chat.  R;^.. 

__      88 of  18M.. 

Arkansas  6s,  funded 

do  78,L.  R.*  Fl.S.  IM. 
do  73,  Memphis  &L.  K. 
do        78.  L.R..1'.  IS- *!{,•<>■ 

do  78,M1B9.0.  &U.RIV. 

do       7».  Ark.  Cent.  R.  . 

California's , 

do        7s.  large  bonds 

Connecticut  6s  

Seorgia  •• i 

do       78,  new  bonds 

do       7b,  endorsed 

do       78,  gold  bonds 

Indiana  6s -^ 

llllnola  «8,  coupon,  Ijn 

do  do       ;37» 

rto      Warloan 

Kentucky  68 

Louisiana  68 ■ 

do        do  new  bonds 

do        do  new  llonting  debt 

do        79.  Penitentiary 

do        68,  levee  bonds 

do        88,       do  ...... 

do        8«,        do      ,  1875.. 

do        88 of  IMO.. 

Michigan  6s.  1878-79 

do       6»,1SS3 

do       78,1890 

MUsonrI  6s,  due  In  1875 

do      do  1876 

do      dc  1877 

do      dc  1878 

do      do  18T9 

do       do  1880 

Funding  bonds  due  In  1894-5. 
Long  bds.  due  '81  to  '91  Incl.. 
Asylum  or  Untver8.,due  1892. 
Han.  &  St.  JoBeph,  dne  1875, 
do      do  do  1876. 

do      do  do  1^.  Wj 

do      do  do  18S7.  WO*! 

New  York  Bounty  Loan.reg..  l*/6 


85 


101 X 


89 

!0J" 
im 

106 
lOOK 
lOOh 
lUOX 

m\ 
:oi 

lOI 
101  >4 

lUl 

ioo>. 

.00>i 


coup. 
68,  Canal  Loan,  1375. 
68,         do  1877. 

68,         do  1ST8. 

68,  gold  reB....1887, 
6s,    do     coup.. 1887. 

69,  do  loan . 
68,  do  do  ..1891. 
5B,  do  do  ..1875. 
5b,    do       do   ..1876. 


Mortta  Carolina  6s,  old,  J.  i  J.. 


do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 


Ohio  68, 1875 

do    68,1881 

do    68.1886 

Rhode  iBland  69. 
South  Carolina  68.. 


A.  &  O. 

N.C.KR....J.*  J" 

do  ...A.&O.. 

do  coupoff-.J.  &  J.. 

do    do  oB.A.&O.. 

Funding  act,  1866... 

do       1868... 

Kew  bonds,  J.  &  J.. 

do  A.  &0.. 

Sneclal  tax.  Class  1. 

do       Class  2. 

do       ClaSB  3. 


Jan.&  July 

April  &  Oct 

Funding  act,  1866 
LandC,1889,  J.&  J. 
LandC,lS89,A.*0. 

79 ofl8S8. 

nonfundable  bonds 

Tennessee  68,  old 

do      do  ex  coupon 

do      do      do  new  scries 

Texas,  10s,  of  1876 

Virginia  68,  old 

do       do  new  bonds,  1866... 
do       do  1867... 

do  coueol.  bonds 

do    ex  matu  d  coup 
do    consol.  2d  series, 
do  deferred  bonds..  , 

DtBtrlct  of  Columbia  3.65b 

Kailroad  Slock*. 
(Active  previously  quoted.) 

Albany  &  Susquchauua , 

Central  Pacific 

Chicago  4  Alton 

do  do   pref 


do 
do 
do 
do 
do 
do 
do 


do 
do 
do 
do 
do 


i*;it 

112 
112 
112 


1 

WIS 

104 
lUI 
IU4 

1(7 

27 

27" 
27 


sxoirsiTfcs. 


Railroad  Bonds. 

iStock  Exchange  Prtrei.'i 

Albany  *  BusQ.,  Isi  bonds... 

do  do      2d     do    ... 

do  do      3d     do    ... 

Boston,  Hartf. &  Erle,l8tmort 

do  do  guar  — 

Bur..C.Raplds&Mlnn.lst7«,g 

Chesapeake  &  Ohio  6s,  Ist  b 

do  do        ex  coup 

Chicago  ft  Alton  sinking  fund. 

do  do    Istmort 

do  do    Income 

Jollet  &  Chicago, istmort 

Louisiana  &  ifo.,  Ist  m.,  guar. 
St.  I.oul8,Jack.  ftChlc,  istm 
Chic,  Bur.  4  Q.  8  p.  c.  IBt  m. . 
do  do    consol.  m.  7b 

Chicago,  Uk.  Island  &  Paclllc, 
Centralof  N.  J.,  iBt  m.,  new... 
do  do     Ist  con9ol — 

do  do     con.  conv 

Am.  Dock  4  Improve,  bonds. 
Mil.  &  St.  Paul  Ist  m.  Ss,  P.  D. 


do 
do 
do 
do 
do 
do 
do 
do 
do 


do  7^10  do. 
7s,gold,U.  D. 
l«tm..LaC.D. 
lstm.I.*M.D, 
Istm.  L4D.. 
1st  m.  H.  &  D. 
lBtm.C.*M 
1st  Consol.  .. 
2d  m.     do 


Chic.  *  N.  Western  sink,  fund 


lOT 

Ul 

loe 

24X 

as" 

2aK 

29 
45 

so 

lU) 

.... 

do 
do 
do 
do 
do 
do 


Int.  bonds, 
consol.bds 
ext'n  bd9. 
Istmort.. . 
cp.gld.bds 
reg.   do 


lOSX 


:oev 


llOX 


1»^ 

109 
102 

m 


ll'6H 


5!ir 

51  ■< 
M\ 
50 
1U4 
33 
39 

■m 

65H 
6.)4 
4S>s 
9 


ChlcTiur.  &Qulncy 

Cleve..  Col.,  Cfn.  &  Indlanap.. 

Cleveland  *  Pittsburg,  guar.. . 

Dubuque  &  Sioux  City 

Krie  pref •  • . . 

Hannibal  &  St.  Joseph,  pref. . . 

Illinois  Central 

Indiknap.  Cln.  &  Lafayette.... 

JolWt  &  Chicago 

Long  Island 

Marietta  &  Cln.,  1st  pref 

do  2dpref 

Michigan  Central 

MorrlB  *  Essex 

Missouri,  Kansas  ft  Texas.  . . 

New  .Jersey  Southern 

N  y..  New  Haven  ft  Hartford 

Ohio  ft  Mississippi,  pref 

Paclllc  of  Missouri 

PltU.,  Ft.  W.  ft  Chic,  gnar. . . 
do  do    special. 

Kenaselaer  ft  Saratoga 

Rome,  Watertown  ft  Ogdcns. 
St.  Louis,  Alton  ft  T.  Haute.. 
do  do  do      pref 

Belleville  ft  So.  Illinois,  pref . . 
Bt.  Louis,  Iron  Mount,  ft  South. 

Toledo,  Peoria  ft  Warsaw 

Toledo,  Wab.  ft  Western,  pref, 
iniiicellaiicouHKtockK 
American  lUstrict  Telegraph. 

Boston  Water  Power 

#;nnton  Co.,  BHltlmore 

Cent.  N.  J.  Land  iniprov.  Co. 
Pflawave  ft  Hudson  Canal..,. 

A'^'^rir.Hn  i;oal 

Vonsoiitiatmn  Coal  of  hrd 

Alurlposa  L.ftM.  Co.,  ass'tpald 

do      do  prof     '* 
Cumberland  Coal  ft  Iron 

Maryland  Coal 

PennBylvanla  Coal 


85 

lOOH 
104 
UIH 

5i 

90 


61>X 

5;>4 

51 


66X 


101 
105 
113 

54 

90K 

10 


62 
lu8% 


983! 


54 

126" 
49 
47 

lOVj 
lOH 

17" 
270 


U4 
60 
■Hi 


50 
120)i 

48 

11?« 


RprlBg  Mountain  Coal |  tO 


Iowa  Midland,  1st  mort.  8b 
Galena  ft  Chicago  Extended.. . 

Peninsula,  iBt  mort..  conv 

Chic,  ft  Milwaukee,  1st  mort.. 
Winona  ft  St.  Peters,  1st  mort. 
do  do  2d  mort.. 

CC.C.ft  Inn's. Istm. 78,  S.  F. 
Del..Lack. ft  Western. 2dm.  . 
do  do     7s,  conv. 

Morris  ft  Essex,  1st  mort 

do  do     2d  mort  

do  do     bonds,  1900... 

do  do     construction. 

do  do      78  of  1871 

do  do     1st  con.  gold.. 

Erie,  Ist  mort.,  extended 

do       do  endorsed 

do     2d  mort.,  7s,  1879 

do     Sd    do      7s,1883 

do    4th  do     78,1880 

do     5th  do      78,1888 

do     78,  cons.  mort.  gold  bds. 

Long  Dock  bonds 

BuBT.N.  y.  ft  Erie,  iBt  m.,  1877. 
do       do  do     large  bds  . 

Han.  ft  St.  Jo.  land  grants 

do  do     88,  conv.  mort... 

Illinois  Central,  7  p.  c,  1875.... 
Dubuque  ft  Sioux  City,  Istm.. 
do  do  2d  div. 

Cedar  Falls  ft  Minn.,  1st  mort. 
Indlanap.,  Bl.  ft  W.,  1st  mort. 
do  do        2d  mort.. 

Mich.  So.  7  p.  c.  2d  mort 

Mich.  S.  ft  N.  Ind.,  S.  F.,  7  p.  c 
Cleve.  ft  Tol.  sinking  fund... 

do  do    new  bonds 

Cleve.,  P'vUle  ft  Ash.,  old  bds 

do  do     new  bds 

Detroit,  Monroe  ft  Tol.  bonds 

Buffalo  ft  Erie,  new  bonds 

ISutTalo  ft  State  Line  7s 

KaliuiiaMO  ft  W.  Pigeon,  1st 

Lake  Shore  DIv.  bonds 

do  Cons,  coup.,  1st., 

do  Cons.reg.,lsi.... 

do  Cons.  coup..  2d. .. 

do  Cons,  reg.,  2d 

M.arietta  &  Cln.,  lEt  mort 

Mich.  Cent.,  consol.  7b,  1902  .. 

do         Mst  m.  Ss,  1882,8.  f 

do  equlpm't  bonds.. 

New  Jersey  Soutliern,  Istm. 7s 

do  do     consol.  78 

New  York  &  New  Haven  68.. . . 

N.y.  Central  69,1883 

do  6s,1887 

do  68,  real  estate... 

do  68,  subscription 

do  78,1876 

do  78,  conv.,  1876 — 

do  7s,  1866-76 

do  ft  Hudson,  iBtm.,  coup. 

do         do    istm.,  reg... 

Hudson  R.  7s,  2d  m.  s.  fd.  1385.. 

Harlem,  Ist  mort.  7b,  coup 

do  do  reg 

North  Missouri,  1st  mort 

Ohio  ft  SIIss.,  consol.  sink.  fd. 

do  do     consolidated 

do  do     2d     do  

do  do     Ist  Spring.  dIv.. 

Central  Paclllc  gold  bond9.. . . 
do   San  Joaquin  br'nch 
do  Cal.  &  Oregon  l9t.. 
do  State  aid  bonds 

do  L.  G.  bonds  .. 

Weatcrn  Pacific  bonds 

Union  Pacific,  Ist  mort.  bonds 

do  Land  grant9,  79. 

do  Sinking  fund.. 

.\tlantlc  ft  Pacific  landgr.  m. 

South  Pacific  Kli.  bds.  of  Mo. 

PaclttcR.  of  Mo.,  1st  mort.  ... 

do         do        iRtCaron'tB. 

do  do         2d  mort 

Pacific  R.  79,  guarant'd  by  Mo. 

Pitts.,  Ft.  W.  ft  Chic,  1st  mort, 

do  do     2d  mort. 

do  do     3d  mort 

Cleve.  &  PIttB.  consol.  8.  fund. 

do      .    do     4th  mort 

Col.,  Chic.  &  Ind.  C.  Ist  mort.. 

do  *^'-     '*d  mort.. 

Rome,  Watert'n  ft  Og.  con:  lat 

St. L. ft  Iron  Mountain,  Istm., 

do  2d  D 

Alton  ft  T.  H.,  Ist  mort 

do  do     2d  mort.  pref.. . 

(I)  do     2dmort. Income 

Belleville  ft  8.  111.  R.  1st  m.  88. 

Tol.,  Peoria  ft  Warsaw,  B.  D.. . 

do  do       W.  D.. 

do  do  Bir.  DIv. 

do  do  *2d)nort.. 

do  do  conBol.78 

Tol,  4  Wabwli,  tit  m.  ext«ad. 


87)4 

si' 

103 
98 


•XOVBITIM. 


Bid. 


Aik. 


w 

V.6H 

107H 

110 

llOX 

107 

UOX 

lOOX 


88H 


I06>i 
Ul 


108), 


108 


101  )i 

8:>i 

88 


108 


104  !k 


98M 


103X 


34 

160" 
lUO 

to 

28 
6 
102X 
[08 
105 
103X 
i02 
104 

m 

lOl 
83X 
lOl 
102H 


lOt 
102X 
114 
102 
23 

loix 
Ida 

l02>4 


100  3i 


i;6>4 
16a' 

112 
112 
89 

92 


102}, 
9i 
89 

95M 
92 

102  JS 
101 


101 3t 

112X 


106 
103 

47X 

15 

91 1< 


S4)i 


81M 


104 


Tol.  ft  Wabash,  iBtm.St.L.dlv 

do  do       2dmort 

do  do       equlpm't  bds. 

do  do       con.  convert.. 

Hannibal  ft  Naples,  Ist  mort.. . 

Great  Western,  Ist  mort.,  1888. 
do  2d  mort.,  1893.. 

Qnlncy  ft  Toledo,  ist  mort.  1890 

Illinois  ft  So.  Iowa,  Ist  mort... 

Lafayette,  Hl'n  ft  Miss,,  Istm. 

Han.  ft  Central  Missouri,  l9tm. 

Pekin.Llncolnft  l)ccatur,l9tm 

Cin.,  Lafayette  ft  Chic,  1st  m. 

Del.  ft  Hudson  Canal,  let  m.,  '91 
do  do  18M 

do  do  18ri 

Long  Island  RR.,  Ist  mort 

Sontn  Side,  L.  I.,  Ist  m.  bonds. 

Western  Union  Tel.,  Ist  m.  7b. 

ini»c<-IIanrona  l.l»t. 

(JlrokerK'  QuoUilUma.) 

CITIES. 

Buffalo  Water 

00      Park 

Chicago  68,  long  dates 

do       7b,  sewerage 

do       78.  water 

do      7s,  river  Improvement 

do      78,  various 

Detroit  Water  Works  78 

EUzabeth  City,  duo  '95 

"  "         •*    '89 

Newark  City  78 .. 

Oswego 

PouEhkeepsIe  Water 

Rochester  City  Water  bds.,  '93 
Yonkers  Water,  due  1903 . 

Atchison  ft  P.  Peak,  68,  gold... 
Atlantic  ft  Pacific  L.  G.  68,  gld. 
Atchl&on  ft  Nebraska,  8  p.  c. . . 
Bur.  ft  Mo.  Rlv.,Land  m.  78.. . . 
do  do        2d 8., do  7b.... 

do  do        SdS.,do  88.... 

do  do        4thS.,  do8B... 

do  do        5thS.,do88... 

do  do        6th  S.,  do  8s. 

do  do     Creston  Branch 

do  do    Charlton  Branch 

Bur.,C.R.ftM.  (M.div.),g.78. 
Calroft  Fulton, Ist  78,gold  ... 
California  Pac.  RR.  7b,  gold. . . 
do  6s,  2dm.,  6 

Canada  ft  Southern  Ist  7b,  golo 
Central  Pacific  7s,  gold,  conv.. 
Central  of  Iowa  1st  m.  78,  gold 
do  do     2d  m.  78,  gold 

Keokuk*  St.  Paul  8b...  ' 

;Carthage  ft  Bur.  8a 

Uixon.Peoria  &  Han.  8s. 
0.0.  &F01  R.  ValleySs. 

Quincy  ft  Warsaw  88 

nilnofs  Grand  Trunk 

Chic,  Dub.  ft  Minn.  8s. . . 
Peoria  ft  Hannibal  R.  88.. 

Chlcagoft  Iowa  R.  8b 

American  Central  8b , 

Chic  ft  Southwestern  RR.  7b.  . 
Chesapeake  ft  0. 2d  m.  gold  7s 
Col.  *  Hock.  V.  Ist  7s,  SO  years 
do  do     Ist  7s,  10  years 

do  do     2d  7b,  20  years 

Chicago,  C.  ft  Dub.  8s 

Chic  ft  Can.  South.  Ist  m.  g. 7b 
Ch.  D.  ft  v.,  I.  dlv.,  1st  m.  g.  7s. 
Chic,  Danv.  &  Vincen's  78,  gld 

Connecticut  Valley  7s 

Connecticut  Western  Ist  7s.... 
Chicago  ft  Mich,  Lake  Shore.. 
Dau.Tl'rb.,  Bl.  ft  P.  Ist  m.  7b,  g 
Des  MoincB  ft  Ft.  Dodge  1st  7s 
Detroit,  Hillsdale  ft  In.  RK.8s 
Detroit  &  Bay  City  88  guar. . . . 
Detroit,  Eel  River  ft  111.  8s. 


^^ 


102)4 


If^i' 


106 
106 

98 

:03)« 
103 
lOS 
102X 
108 

96 

98 
107 
l03 
104 
105 
104 


42 
30 

105 

106 

108 

108 

108 

109 

U7« 

117X 

39 

62 

60 

45" 
101 
33 


92X 


60 


lOt 


107 
107 

104' 
lOSi 
US* 
108X 

99 

loe 
101 

!03 
10« 

loe 

40 

47 
40 


BXCtTBITIIS. 


Bid. 


112H 


98 
94 
71 

102^ 

91X 
89), 

96X 

102  in 

■.tax 

97  )i 

76' 

93 
74 
79 

12H 


48 
17 
92H 
91 H 
55 
lOiK 

78' 


81)^   9S 


Det,,  Lans.  ft  Lake  M.  1st  m. 

do  do    2d  m.  8b 

DutcheSBft  Columbia  7b.. 

Denver  Pacific  7s,  gold SO 

Denver  ft  Rio  Grande  78,  gold.  57 
EvanBvllle&Crawford8V.,78,.    95 

Erie  ft  Pittsburg  Ist  7s 85 

do  do  2d7B I  75 

do  do  78,  equip 94 

Evansvllle,  Hen,  ft  Nashv.  7s.,!  ... 
F.UzabethtownftPadu.Ss.con.  ... 
Evansvllle,  T.  H,  ft  Chic.  78,  g.  75 
Flint  ft  Pcre  M .  7s.  Land  grant.  90 
Fort  W.,  Jackson  ft  Sag.  8s....  60 
Grand R.ft  Ind.  lBtguar78....  104 
do  1st  X,  G  7s,,.    65 

do  iBtexL.  G,78    50 

Grand  River  ValleySs 

Hous.  ft  Texas  C.  1st  78,  gold. .  80 
Indlanap,  ft  Vincen.lsf7s,  guar  70 
lowaFalls  &  Sioux  C.lBt  7s...  94 
Indianapolis  ft  St.  Louis  7s —  75 
HoustOH  ft  Gt.  North.  Iat7s,  g.  6  J 
International  (Texas)  1st  g.    .    90 

Int.,  H,  &  G,  N.  conv.  88    

Jackson,  Lansing  ft  Sag.  Ss 

Jac)£.,N.  W.ft  S.E.lstm.g,78  ... 
Kansai  Pac.  78,  extension,  gold  65 
do  78,  land  grant,  gld  SO 
do  7s,  do  new  gld  65 
do  6s,gld,  Juneft  Dec  67 
do  ts,  do  Feb.  ft  Aug  63 
do  7s,  1876,  land  grant  96 
do  7b,  Leaven,  br'nch  60 
do  Incomes,  No.  11,,.  18 
do  do       No.  16...    15 

do        Block.. 11 

Kalamazoo  &  South  H,  8b,  guar  90 
Kal.,  Alleghan.ftG.  R.  Ss.guar  90 
Kansas  City  ft  Cameron  lOs...  95 
Kan.CSt.  Jo.  ftC.B.Ssof '85  ... 
do       do  do    8s  of  '98    ... 

Keokuk  ft  Des  Moines  1st  73 

do         Istcoup.  t)ct.,'76    T2i* 
do  funded  Int.  88   92>i 

do  pref,  stock,,.    20 

L.  Oat.  ShoreRR.  Istm.  gld  7.S,  ,,. 
Lake  Sup.  &  Miss.  Ist  7b,  gohl,    25 

Leav.,  Atch.  ft  N.  W.  78,  guar 

LeaT.,Law.  ft  Gal.  Istm.,10s..  18 
Logans.,  Craw,  ft  S.  W.  Ss.gld,    ao 

MiSiIgan  Air  I,tne  89 lOO 

Montlcello  &  P.  JervlB  78,  gold    ... 

Montclalr  lst7s,  gold 29 

Mo.,  Kansas  ft  Texas       gold..    50 

Mo.  R.,  Ft.  8.  ftOuif  Ist.Tl.lOs,    60 

do        do         do   2a  m.  lUs.    ... 

N.  J.  Midland  iBt  78,  gold SO 

do  2d  7s 10 

N.  T.  ftOBW.  Mid.  iBt  7s,gold,    20 
do  do        2d  78,«onv,     4 

do  West, Extension 78.    ... 

N.  Ktren,  Mlddlet'o  ft  W,  7e. ,   33 


Nortl .  Pac.  Ist  m.  gold  7  310s.. 

ilo         Land  warrants  — 

Omal  a  A  Southwestern  HR,  d« 

Oswego  ft  Rome78,guar 

Peoria,  Pekin  ft  J.  Ist  mort. . . . 

Peoria*  Rock  1. 7s,  gold 

Port  Huron  ft  L. M. 7s, gld.end 

do  do    78,  gold... 

Pullman  Palace  Car  Co.  stock. 

do       bdB,  88, 4th  scries 

Rockf 'd ,  R.  I.  ft  St.  L.  iBt  78,  gld 

Rome  ft  Watertown  7s 

Rondout  ft  Oswego  78, gold... 

Sioux  city  ft  Pacific  6b 

South  Pacific  6s,  gold 

Southern  Minn,  construe.  8b.  . , 

I  do  7s .. 

St.  Jo.  ft  C.  Bl.  Ist  mort.  108. . . 

do         do  8p.  c. 

St.  Jo.  ft  Den.  C.  8s,  gld,  w.  D. 

do  do    89,  gld,  E.  D.. 

Sandu9ky,  JIana.  ft  Newark  7a, 
St,  Loula,  Vandalla  ft  T.  H,  l9t. 

do  do  2d,  guar. 

St.  L.  ft  Bo'eastern  Ist  7s,  gold. 
St.  L.  ft  I.Mt.  1  Ark.  Br.)  78,  g 
Southern  Central  of  N.  Y.  7b. 
Union  ft  l.ogansport  79. . . . . . 

Union  Pacific,  So.  branch,  6b,  g 

Walkill  Valley  Ist  7s,  gold 

West  WlBconBln  79,  gold 

Wl9conslu  Valley  8b       

Sontliern  Seciirltlea. 
{Brokers'  Quotations.'/ 

BT.^TKS. 

Louisiana  new  consol.  7s 

Sonth  Carolina  new  consol.  68, 
Texas  State  68, 1877,  ex  Int — 

do       6s,  1891-2,  ex  Int.... 

do        7s,  gold,  ex  lut  ... 

do       10s,  of  1884,  ex  lut 

do      108,  pension,  ex  Int 

CITIES, 

Atlanta,  Ga.,  78 

do       8s 

Augneta,  Ga.,  7b,  bonds 

Charleston  stock  6b 

Charleston.  S.  C,  78,  F.  L.  bds 

Columbia,  B.C.,  68 

Columbus,  Ga.,  78,  bonds 

Lynchburg6a    

Macon  7s.  bonds 

Memphis  old  bonds,  68 

do       new  bonds,  6s 

do       end.,  M.  ft  C.  RR.  .. 

Mobile  58,(coup8.  on) 

do      8s, (coups,  on) 

Montgomery  Ss 

Nashville  6s,  old 

do        6s,  new 

New  Orleans  5b 


consol.  6s 

bonds,  7b 

gold  7s,  quarterly 

lOs 

to  railroads,  6i. . 


75 
76 

TO 
22 

nx 

13 
100 
100 
100 

50 

so' 

75 
95 
29 


22 
28 
106 
40 
82X 
59 
70 
40 

nx 

14 
22 

"s" 

SI 


do 

do 

do 

do 

do 
Norfolk  6s. 

Petersburg  6s 

Richmond  68 

Savannah  78,  old  . 

do        78,  new 

Wilmington,  N.  C, 69, gold.... 
do  do     8b,  gold.... 

KAILBOAI>6. 

Ala.  ft  Chatt.  Istm.  Ss,,  end.... 
Ala.  ft  Tenn.  R,  1st  mort,  7s.,. 
do         do  2d  mort.  7b,... 

Atlantic  ft  Gulf ,  consol 

do  do    end.  Savan'h. 

do  do    stock 

do  do      do    guar.., 

Carolina  Central  Ist  m.  68,  g... 
Central  Georgia  1st  mort,  78.., 
do  consol,  m.  78, 

do  stock 

Charlotte  Col.  ft  A.  Ist  M.  78.. 
do  do      stock  — 

Charleston  ft  Savannah  68,  end 
Savannah  &  Char.  I9t  m.^" 
Cheraw  ft  Darlington  7s, 
EastTcnn,  ft  Georgia  6s, 
East  Tenn.  ft  Va.  6s,  end.  Tenn 
E.  Tenn.  Va.  ft  Ga.  Ist  m.  7b.. 

do  do        stock 

Georgia  RR.7s 

do  stock 

Greenville  ft  Col.  7s,  guar .... 

do  do    78,  certlf... 

Macon  ft  Brunswick  end.  7s. . 

Macon  ft  Augusta  bonds 

do  do       endorsed 

do  do       stock 

Memphis  ft  Charleston  1st  7b. 
do  do  2d  7s.. 

do  do  stock 

Memphis  *  Little  Rock  l9tm. 
MisslBSippi  Central  1st  m.  78.. 
do  '2d  m.  Ss... 

Mississippi  ft  Tenn.  1st  m.  7s. 
do  do     consol.  Ss 

Monlgoraery  ft  West  P.  1st  8s. 
do  do  Income 

Mont,  ft  Eufanlalst  Ss,  g.  end. 
Mobile  ft  Mont,  88,  gold,  end, , 

Mobile  ft  Ohio  sterling 

do  do       do     ex  certlf 

do  do   88,  interest 

do  do  2d  mort.  88 

do  do   stock 

N.  Orleans  ft  Jacks,  ist  m 

do  do    certif's  Sb.. 

N.  Orleans  ft  Opelous.  Istm.  89 

Nashville  ft  Chattanooga 68.,, 

Norfolk  ft  Petersburg  Ist  m.  Ss 

do  do  78 

do  do  2dm.  8s 

Northeastern,  S.  C  Ist  m.  8e. . 

do  2dm.  8s... 

Orange  ft  Alexandria,  lata,  6s.. 

do  do  '2d8,  68.. 

do  do  3ds.  Ss. 

do  do         4th8, 8s.. 

Rlchm'd  ft  Petcrsb'g  1st  m.  7b, 

Rlch.,rre'ksb'g&  Poto.6B..., 

do  do  conv.7s 

Rich,  ft  Danv.  Ist  consol.  6s. . . 

Southwest  RR.  Ga,lstm. 

S.  Carolina  RR.  Ist  111.  78,  new 

do  6s 

do  7» 

do  stock 

West  Alabama  8b,  guar 

PAST  l>OK   (HJUPONS. 

Tennessee  State  couponB 

Virginia  coupons 

do       consol.  coup 

Mempbls  City  coupoiii.,  ,,,..< 


August  28,  1875.) 


THE   CHRONICLE 


205 


NEW  YORK  LOCAL  SEOURITIES. 


Baak  aiock  LUt. 


iBsaramee  Stock  Lint. 

(Qaouttoni  br  K.  S.Bailxt.  broker,  <s  Wall  street. 


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206 


THE  CHRONICLE 


[ADgast  28,  1876 


InceatmentB 


STATE.  CITY  AND  CORPOKATION  FINANCES. 

The  "  iDVestors' Supplement"  is  published  regularly  oa  the  lagx 
Saturday  of  each  month,  and  f urniahed  to  all  regular  aabficriber  g 
of  the  Chronicle. 

ANNUAL    REPORTS. 

Chicago  &  Northwestern. 

{For  the  Fear  ending  May  31, 1875.) 
Prom   the  annual  reoort   for   the  late  fiscal    year,   and  three 
previous  reports,  the  following  table  has  been  compiled,  exhibit- 
inf;  the  operations  and  linanclal  condition  of  this  road  during  the 
jMist  four  yeara : 

COMPARATIVE   STATEMENT   FOR  FOUR  TEARS. 
Soad  and  EqMlpment. 


Milen  of  road  owned.. 

Roads  leased- 

Proprletaiy  roads 


Total  milen  opersted. 


1871-72. 
fi71-5 
4416 
88) -3 

1.597-4 


1872-73. 

l,0n!)-42 
450  10 
390  03 

l,>'4qB7 


187S-74. 

1,048  60 
450-10 
491- 18 

1,989-88 


1874-75. 

1,049-50 
45010 
491-18 


1.990  78 


Operations  and  Fiscal  Semlls  ( Chicago  <k  Northwatem  HR.  only). 


Interest  on  their  bonds. 


.$1,129,005  1&— 1,92'!,477  73 


Net  Income,  whole  system t518.2ii6  88 

To  this  add  balaoce  to  credit  of  Income  on  May  3 Ist,  1874 8.119.!)46  26 


Pas.engers  carried  one  mile.  !)9. 299,476 

Tons  moved  one  mile 287,7ii4.00') 

$ 

Passenger  earnings 3,21)0,654 

Freight  earnings 7,5-^1. -JTS 

Other  earnings B.i0,a32 

Total  gross  earnings n.40-2,lhl 

Operating  exp's,  incl.  taxes.  U,810,D2> 


Net  earnings 4,69«,133 

Interest  and  sinking  fu"ds..  1.117. 114 

Kent  Chic.  I.1.&  .Neh.  RR.   .  371.317 

Do.  C.  Rip.  &  Mo.  Riv.  HR.  485,-J93 

Dividends 1,486,«5 


111,071,9  7 

366.475  480 

« 

3,509,702 

8.814,260 

612,644 

12,7.-:6,606 
8,17i<,-«8 

4,5.58.870 

1.445,000 

393.407 

630,013 

2,020,683 


109,134  553 

4j1, 412,030 

$ 

8,426,824 

10,270,518 

654,180 

14.S51,r23 
9,27.),849 

5,075,673 

2,113,806 

46I,S77 

584.771 

*461 


1!  6.779,1.37 

454,550,357 

t 

3,2'5,0.5<t 

8,837,828 

6lj4.83j 

12,707.726 
7.934,691 

4,7-23.031 

2,27(I..54J 

49:.72-J 

538,227 

371 


•  This  in  adjustment  of  Qal.  &,  Chic.  Union  RR  stock, 

FINANCIAL  CONDITION   AT  THE  CLOSE  OF   EACH   TEAR. 


1871-72. 
% 

Common  stock 14,810.930 

Preferred  stock 21,067.663 

Fnndiddebt     20,474,000 

Northwestern  Union  R'y  Co..  

Floating  liabilities  (net)  ....         514,209 

W.  &  Si.  P.  Rli.  pnrch 210,000 

Balance  of  income  account. . .      1,465,694 


Total  liabilities 

Boad,  equipment,  &c 
Assets,  advances.  &c. 
Materl;ils  on  hand 


187J-73. 

$ 
14.993.020 
21,484.063 
25,008,500 


58,54-2,637 

56,900.117 

1,431,319 

911,200 


2,797,974 

110,000 

1,6J9,967 

66,023,525 

62,088,098 

2.405,  Has 

1,531,742 


1873-74. 
t 

14,9!l3,r'6n 

21,484.113 

29,5.fti.500 

b33,-23i 

2,700,588 

60.000 

8,119,316 

71,528.812 

65  956,488 

3,304,109 

2,263,214 


1874-76. 

t 

14,994.600 

21.48-..633 

30,210,000 

2,099,782 


3,637,612 

71,827,240 
67,189,579 

2,776,885 
1,8:)1,773 


Total  property  and  assets..     58,512,637     66,023,525     71.523,842       71,827,210 
The  report  to  May  31,  1875,  has  the  following: 

NUMBER   OF   MILES  OP  RAILROAD. 

Chica'jo  and  Northwestern  Railway  Consolidated  Road  and 

branche.-! 1,058  00  mile?. 

Chicago  and  Milwaukee  line 85-00      " 

Iowa  leased  roads  (perpetual  lease) 36660      " 


Miles  Chicago  &  Northwestern  Railway  Co „ 1,499-60      " 

THE  PROPRIETARY  LINES  ARE: 
The  Winona  &  St.  Peter  RR.  &  Mankato  Branch,  83075  miles. 

The  La  (-'rosst' Trempelcau  &  PrescoLt  RR 29*00      " 

The  Northwe-tern  Union  RR 68'63      " 

The  Iowa  Midland  RR 68  80      " 

Miles  of  proprietary  roads 49118      " 

Total  miles  of  railroad 1,99078      " 

INCOME  AND  EXPENSES. 

The  gross  earnings  for  the  year,  ot  the  1,499.6  miles  of  Chicago 
&  Northwestern  railway,  were  as  follows  : 

From  passengers $3,805,059  68 

'•      freight 8,8;37,8-M  49 

•'      eipress 268,?84  48 

"       malls 264.459*3 

"      miscellaneous  sources 132.094  55— $12,707,728  Bl 

The  operating  expenses  were  (59  47-100  per  cent)..  7,.557.693  14 

Taxes 408.737  14 

Losses,  Ac,  acct  of  Chicago  flie,  adjusted 18,264  27—     7.984,694  65 

Balance $4,723,03196 

From  whicii  deduct : 

Int.  nn  bonds  and  sinking  lands /. $2,112,033  58 

Premium  on  gold  coupons  121,623  43 

Interest  and  exchange 28.191  .W 

U.  S  Revenue  claim.. 12,796  25 

Rent  of  Iowa  leased  roads; 

Chicago  Iowa  &  Nebraska  RR $497,784  89 

Cedar  Rapids  &  Mo.  Kiv.  RR 588,227  88-1,086,949  77 

Old  Galena  &  Chic.  Union  stock 87187—     3,356,864  48 


Balance  to  credit  of  Income  acct,  May  81,  1875 $2,837,612  64 

The  report  of  Mr.  Albert  Keep,  President,  has  the  following 
statements  as  to  the  general  conditio.)  of  the  road  : 

Compared  with  the  previous  year,  the  decrease  in  gross  earnings 
on  the  whole  road,inclu8ive  of  proprietary  lines,  was  $1,904,231  79, 
pr'12  14100  per  cent,  and  the  decrease  in  operating  expenoes, 
$l,513,5U!i  60,  or  15  410  per  cent.  At  the  same  time,  the  entire 
property  and  equipment  have  been  well  maintained,  and  in  some 
important  particulars  «reatly  Improved. 

The  benefit  which  the  company  is  receiving  from  the  use  of 
steel  rails  is  already  apparent,  and  is  shown  in  the  saving  of 
repairs  of  engines  snd  cars,  in  track  expenses,  in  the  greater  ease 
and  safety  of  transportation,  and  in  the  improved  condition  of  the 
road,  at  a  large  reduction  of  the  cost  of  repairs.  The  work  of 
renewing  the  most  important  lines,  where  tratiiic  is  heavy  an  1  the 
demands  of  the  service  are  great,  is  steadily  progressing,  beginning 
at  Chicago,  and  extending  in  all  directions.  During  the  year, 
16,500  tons  of  steel  rails  were  p-archased  in  addition  to  those 
mentioned  in  former  reports.  These  rails,  purchased  on  advan- 
tageous terras,  are  paid  for  a8deli"ered,  partly  in  gold  bonds,  and 
partly  by  exchange  for  old  iron  rails.  The  amount  of  gold  l>ond8 
used  for  this  purpose  during  the  past  year  was  $614,000,  and  the 
saving  made  in  track  repairs  in  the  same  time — which  was  greatly 
due  to  the  use  of  st«el — amounted  to  .$595,008  15. 

The  total  miles  of  steel  rail  track  on  tue  Slst  of  May,  1874,  were 
206  6  10,  and  on  the  31st  of  May,  1875,  there  were  323  35100 
miles,  showing  an  increase  of  ll6f  miles  laid  during  the  year. 

The  expenditures  for  construction  embrace  no  new  projects,  but 
have  mostly  arisen  from  settling  up  old  matters  connected  with 
the  construction  of  former  years. 

An  examination  of  the  business  of  the  year  shows  that  more  than 
one-half  of  the  decrease  in  gross  earnings  was  cauiied  by  a 
reduction  of  passenger  and  freieht  rates,  mainly  imluced  by  the 
operation  of  tlie  "  Potter  Law,"  an  1  by  the  enforcement  of  other 
kindred  statutes  for  "regulating"  transportation  on  railroads  in 
the  States  of  Illinois,  Wisconsin.  Iowa  and  Minnesota.  There  was 
an  average  reduction  of  1852-10000  cents  per  passenger  per  mile, 
amounting  to  $316,267  96  ;  and  a  reduction  on  freight  of  1743- 
10000  cents  per  ton  per  mile,  amounting  to  $791,819  95;  giving  a 
total  of  $1,003,087  91  taken  from  the  revenue  by  reduction  of 
rates,  and  not  by  reduction  of  business 

FUNDED   DEBT. 

The  decrease  in  the  funded  debt,  by  the  payment  and  cancella- 
tion of  various  classes  of  b^nds,  was  $1,046,500. 

The  following  bonds  were  issued  in  lieu  of  the  same,  viz.:  Con- 
solidated Sinking  Fund  Currency  Bonds,  maturing  A.  D.  1915, 
$897,000,  and  First  Mortgage  Bonds  of  the  Chicago  &  Milwaukee 
Railway  Company,  maturing  A.  D.  1898,  amounting  to  $53,000. 
T.ital,  $955,000  issued.  Besides  tliese,  there  has  been  an  issue  of 
$614,000  of  the  Gold  Loan  Bonds  for  steel  rails,  as  previously 
stated  in  this  report,  and  $149,000  for  other  purposes  of  con- 
struction. 

Since  the  last  report  there  has  been  a  decrease  in  various  items 
of  unfunded  debt  of  $943,623  10,  and  an  increase  in  other  itemson 
account  of  current  business  of  $89,490  72,  making  a  net  reduction 
in  floating  debt  of  $354,131  38  during  the  last  fiscal  year. 

LANDS. 

The  report  of  the  land  commissioner  shows  the  following  : 

Lands  in  Michigan,  sold  during  the  year 13,452  13  acres. 

Lands  in  Wisconsin,         "  "  10,344.35      " 


Totalsold 24,296-48      " 

Average  price  per  acre  of  said  sales.  $4  78-100. 

Number  of  acres  remaining  May  81st,  18^6 ; 

In  Michigan 639,750-87  acres. 

In  Wisconsin 364  2 -«  29      " 

In  Minnesota  and  Dakota 1, 104,66400      " 

Total 2,108,643- 16  acres 

GENERAL  BALANCE  SHEET,    MAY  31,   1875. 

Dr. 

Old  construction — 
Cost  of  property  in  accordance  with  terms  of  consolidation $39,979,262  68 

New  construction- 
Amount  to  .May  31,  1874 18,0-M,9.38  71 

Amount  expended  for  year  ending  May  81,  1875 l,-i04,69J  07 

Tqtal $19,223,5-23  78 

New  equipment- 
Amount  to  May  31,  1S74 , $7,953,287  !  6 

Amount  expended  for  yiar  ending  May  SI,  1875 28,196  t5 

Total $7,981 ,7S4  11 

Proprietary  Railroads- 
Balance  of  advances  for  purchase,  construction,  and  operating 

proprietary  railroads $5,001,950  46 

Less  amount  allotted  to  income  account 2,2:0,275  72 


Net  earnings  of  Chicago  &  N.  W.  Railway  $1,366,167  51 

Combining  the  net  result  with  the  operations  of  the  proprietary 
loads,  we  have — 

Net  earnings  of  Chicago  &  Northwestern  Railway  Co.,  as  stated:  $1,366,167  64 
Receipts  of— 

Winona&St.  Peter  RR $558,504  14 

Winona  «ankato  &  New  Ulm  Branch 8.998  65 

La  Crosse  Tremp- lean  &  Prt-scott  RR 201,003  06 

Northwestern  Union  Railway S-J6,554  28 

Iowa  Midland  Railway 88,616  50—1,078,576  67 


Total $2,731,674  74 

General  assets- 
Railroad  bonds f  6-!,100  00 

Town  bonds 210.100  00 

Sterlins  Bridge  car  stock .•. 1,1.50  00 

Dubuque  and  .Southwe-tern  Railroad  preferred  stock 1,54't  03 

Advance?  account  land  grants 16,677  53 

C.  &  N.  W.  Com.  and  Preferred  Stock  in  hands  of  Trustees 13.436  95 


Less  balance  account  sinking  fond. 


*325.0.-4  53 
230,840  00 

$44,814  53 


Less  operating  expenses  and  taxes  paid  on  account 
proprietary  Unas $796,678  68 


$8,444,744  11 


Material— 

Matirial  in  shops  and  in  store $758,918  01 

Wood  and  coal  on  hand 604.450  69 

Track  material  on  hand —  898,377  13 


1 


Total $1,861.775  82 

Grand  total II $71,827,240  60 


August  28,  1ST  5. J 


THE   CHRONICLE 


207 


Cr. 
Camni  Stock—  .,^™w-~.>« 

Comaoa  MocH  aiKl  KHp   •l*-'?i'?K  12 

PntaradMockkudHTlti »u«6.IB8  «l 

Total.... H«,«)«5«M 

raadcddaM •''•2i!'22  99 

NonbwwlOTa  Uoioa  Bsltaar  Coapan; ai,aa  M 

Ci>Aud<4  Debt—  _ 

Bu^Bca  dae  l«M«d  road*  In  low*      JfM,413  n 

Bin*  v^jM»r.. 1.78J.&W  M 

TotaJ $1,113,111  «» 

LoM  dae  finm  exproM  eoapaalea t'<.«ll  (0 

**     U.  8.  Konruoicat    M.3TI  « 

■lalioa  agaoia.  canine* 

aod  eoUaeliofW 3SS,oaW 

•aodrr  eobpaBlta  tad  Id- 

diTMnaU STI.Mt  11 

Bill*  receinni* 68.110  W  

CMh 8«»,7i7  u— i.sn.rs  u—  i,Pbjs»M 

OotMaadlair  eoopoaa,  dividend*.  Ac,  Inclaoiac  ooapoua  doa 
Jaaai.isn  WT,^  II 

Balanr»  doe  »andry  railroad  cocnyanlaa I06,Ttt  41 

laenac  Aecnaot— 

Bal.nca  lb  J  tl,  1(173,  of  aanlBM  over  op«ratlac  liptiim.  In- 
iMMr.  •InkUai  fa  da,  not  oTIataad  road<,  opwatlar  praprl- 
•larr  rallrMda.  dhridaad*.  *c t,nr,61«  W 

Oraad  total tTl,aBT,M>  60 

(Fall  drtatia  of  the  (tock  and  debt  are  (iTMt  U  the  Ublea  vt  the 
IjiTnrroBa'  BmrLunorr). 


OENERAI.   INVESTMENT    NEWS. 


ADflo-Amerieaa  Telegraph.— The  followioir  la  a  atatement 
ahnoioK  tb«  aiuoanla  recviTrd  hy  tlie  .\n|;lo-Am*-rlcan  T<il<>i;raph 
CompaoT  duriog  the  mootba  of  May,  Jaaa  aoii  Joly,  1874,  under 
the  tariff  of  |l  per  word,  and  tbe  rvceiple  for  the  oorreaponding 
period  of  1873.  wiUi  tbe  tariff  at  50  ccoU  per  word  : 

, UI4. .       , un^—^  -^ 

Itab  of  Amoaat  Nol  of         Aaoaat 

Ml— aw,        RrrcTtd.       MoMaaea.     RaoilTad. 

(63m  £!«.«•         tsTii  aM,**» 


liar.. 

Jaaa  , 
Jaly.. 


Total U,tH  £i7i.a«T  KVn 

It  thaa  appeere  that  tbe  redaction  of  taiUT  to  80  eenta  per  word 
baa  caoard  a  fallioir  off  in  tbe  rcvt^tiue  o(  S8.53  per  eeot  lor  tbe 
three  mootba  in  which  It  baa  bi^a  in  oparailoD,  while  the  meae 
agea  have  loeraaaad  82.17  per  cent. 

Ckleafo  Ctty  PlmABMa.— A  Cblcairo  deepateh  of  23d  iaat. 
■aya :  Cootroller  Hayea  haa  remiited  piSOfXO  to  pay  CblcaKo  oer- 
tifieatea  of  indebUda—  matariog  at  tbe  American  Exehaoire 
Bank,  New  Torfc.  Repc  1.  ThU  remittasee  laeiadrd,  be  baa  paid 
tinea  lb*  lai  of  tbe  prraeat  montb  oTer  $l,OOSXK)0  ol  eertiScat'a. 
and  laened  |133.000,  reduclof  tli»  amoaat  oatatandiaK  $1^83.000, 
with  a  balaoeo  la  >b«  trcaaor;  ot  ^.VMl.OOO  ana  notbloc  of  eonae- 

aueoea  aiaiarla^  before  the  lai  of  Xotewber.  Mr.  Hajraa  aaya 
>e  usee  are  eoalaK  la  well.  He  doee  not  aaiMpale  aerlooa  dll- 
Sealty  In  ffnaaaqaeaea  of  attempla  to  dafaU  Jadgment  for  onpald 
taxra. 

Erie  Bailway.— Tbe  Aral  report  of  tka  KacUab  emnmltteea  of 
boadbolder*  aad  ebareboldais  of  tbe  Erto  Raflwa^  'Jompinjr  waa 
iaaaed  In  Loodoa,  Jaly  39.  It  waa  Tory  bttaf ,  aad  merely  alalad 
la  •nbaiaaeethat: 


:.  Wllkoal laterferiac  wttk  Ifea  paaliloaof  i 
lad  tafcpeeiiat  kndr.  ike  two eaamltian  itad  a  < 


aad  I 


kndf. 
le  tbe  taaolatloa  tkat  It  woeld 


tbat  ikay  ikiall  a*  far  aa  po*alM< 
arraaea^  Ikal  Ike  dapeiartue  akoet  I 
le  timaaat  ke  h  kadlaa,aad  a  Si 


br  to  Ike 


dtlta  a«  a  a^paiat* 
wa  oa  tka  tttk  Iaat, 
aoa   talrrata  of  au 


r  ikiall  a>  far  aa  poaalM*.  act  to,{rikar.  aad  aceordlarijr  Ihrjr  b<re 
'       ~  "  III  I  [irnriii  I  in  taarli aahnalil  Ti  iiiikiirlml 

. Saeratarr  (pro  IHi.)kaa  kaaa  appolatad,  lo 

alleoMBaa|i«tlaaa*aaMBewb«xidraanlL 
*.  Tk«  anaimliiraa  rqaiad  ike  keadkolden  aat 


dara  af  Ike  laaper- 

(aaceaf  Ikett  ladl«Maallj  aepportlai  ih«  BM>«taMat  wNk  MkacrlMieaa.  II 
tea  kaaw  daMnaiaed  le  anaa«a  lk«  r<>lt  .wia(  Mala  af  aakanlpji«».  via. : 
Oakaada.  Kaaraaatlnaaakaatkaaaaainal  fe«Me>thekuada.  On  ikaiaa, 
U.  par  ikai*  la  caab. 

t.  Tk  aa  knadtaldiw  wke  pfeMi  Ike  form  af  (ikaalpUoa  raaolvod  aa  at 
Ike  recoai  Bxatiae,  *la ,  M  par  era*  oo  iba  eaMaal  aaaaal  of  tka  boada, 
fapaMr  an/traef  yUa  tnfm^Hi,  «aa  tllU  adopt  .i. 

IMIaaa^lls  CiadaBAU  *  Lafafette.— The  anaoal  report 
for  rear  eadlac  Jaaa  W,  1875.  will  abow  the  lollowiac  aa  eoaa. 
pared  with  1874: 

WN.  im. 

Oreaa »aralaga %\jmjlHm  It.ierjIM  41 

0»«iatla«  axpeaMa „ UMMten  i.O«a,*it  a 


Hataaiaiaga  •MI.4M  «  STNltM  M 

*  MUsMri  laBSM  *  TexML— At  the  aaatlag  of  the  Mlaaonri 

Kaaaaa4Texaa  hoodboldera.  July  26.  io  AaMta«iUm,  thaaeeretar; 
of  tbe  I'aria  hondhotdrra,  aald  that  for  tbe  flrat  half  of  title  ]r*ar 
Ike  railfoad'a  yroo*  eamioffa  were  %\3SifHO,  tbe  working 
•xpaaaaa  fMl.COO,  aad  tbe  net  eaniiof[:a  |0«IW>. 

M«w  Torfc  *  New  Eaglaad  BallnM4,(ia<«  Bctton  Hartford 
S  Brit.)—'V\im  followtag  laformailon  la  traa  an  ofBoar  of  tbe 
•ooipaay : 

The  eorporatlon  waa  orgaalsed  in  April,  1873,  bat  did  nut  come 
lato  peaaraaion  of  their  property  till  Ja\f,  W!h.  aa  it  waa  neeea- 
mrj  lo  pay  ceruin  debu  ainoantio(r  to  $7S0,0VI).  locarr^d  while 
tbe  reeelrara  aad  troataaa  were  In  poaaeeaioo.  Thia  amoant  waa 
ralaed  by  tbe  laeae  of  tha  aoapany'a  notaa,  dated  Sept.  !,  1874, 
pyabte  two  jeara  ftam  4ate,  with  7  par  eeat.  laiemt,  aeml- 
aaaoally.  Tbe  Ural  aoapaa  oa  tbeee  notea  waa  paid  Iaat  Itareb, 
aad  the  aeeood  beeomaa  daa  on  the  lat  of  Beptamber  next.  The 
capital  ateck  of  tbe  orweocapaoy  i*  limited  to  pafnUflOH.  being 
the  amount  of  bobda  laioed  aadertiie  "  Berdell  mortKaf^e."  Tbeae 
bonda  are  lor  |1  000  each,  aad  entitle  tbe  holder  to  ten  abarea  of 
the  new  aiock.   Up  to  Aog.  84  there  had  bOM  axehaogad  between 


five  and  six  milliooa  of  bocds.  There  is  no  time  fixed  by 
tbe  laoTlgiigo,  within  which  holders  mast  convert,  but  the  bonda 
are  no  lon^r  a  lien  apon  the  property,  and  are  oi  no  other  value 
than  aa  representing  so  much  stock,  or  rather  entitling  the  holder 
to  exchange  for  slock,  as  a  bondholder  has  no  rights  as  a  stock- 
holder until  he  converts  his  bonds.  The  property  is  further  en- 
cambered  by  about  $3,500,000  bonds  secured  by  mortgages  prior 
to  tbe  "  Berdell  mortgage."  The  {ollowing  circular  was  iaaaed 
Jaly31,  1875: 

"  Ton  are  knebv  ootlfled  that  the  nnderalsned,  a«  sarviving  tmsteea  nnder 
a  oiortgage  made  \»j  the  Boston  IlMftford  £  Erie  Railroad  Company,  to  Berdell 
aad  othcra,  dated  March  19,  iSdti,  have,  in  obedience  to  orders  of  Conrt,  and 
In  compliance  with  the  terms  or  said  mortgaj^,  executed  and  delivered  a  deed 
oonveying  all  said  mnrtgi^d  property,  premises,  estate,  franchises,  and  all 
addltlooa  thereto,  Va  thu  New  Yurk  A  New  Kngland  Itallroad  Con  pany.  a 
corporation  formed  In  accordance  with  the  provisions  of  siild  mortgage,  and 
eatablUhed  aodrr  the  laws  of  Massacho'eita,  Rhode  Island,  Connecticut  and 
New  Turk,  and  hare  delivered  pos<easiun  of  the  property  to  said  CAimpaDy. 

?B"J«i°P*cl,AKa,  } Trustee.  BerdeU  Mortgage." 
The  officers  o(  said  company  are  as  follows:  William  T,  Hart, 
Preaident;  Qeorge  B.  Pliippen,  Treasurer  ;  Simon  W.  Hathaway, 
Secretary. 

New  York  k  Canada. — The  tracklayers  are  busy  about  Port 
Kent,  and  tbe  work  is  being  paahed  forward  as  fast  as  possible. 
It  is  expected  that  the  road  will  be  completed  about  November, 

PaeiBe  MalL— The  loan  of  $500,000  to  the  Panama  railroad  haa 
been  extended.  Tbe  claim  of  the  PaeiQe  Mail  Steamship  Company 
against  the  United  States  for  somo  $800,000,  due  as  payments  on 
tbe  poau]  contract  accrued  between  October  1,  187S,  and  June  SO, 
1875,  ia  now  before  the  United  States  Court  of  Claims. 

Puuuaa  Railroad.— At  a  special  meetin^r  of  tbe  directors  of 
the  Panama  Railroad  Company,  this  week,  to  consider  tbe  matter 
of  tbe  execution  of  a  contract  with  the  Pacific  Mail  Steamship 
CompBoy,and  the  extension  of  a  loan  to  the  same  corporation, 
Preaident  T.  W.  Park  was  authorised  to  make  such  a  contract 
aa  to  him  seemed  beat.  The  contract  referred  to  had  already 
been  noofficially  agreed  to,  and  needed  oaly  to  be  formally  rati- 
fied. Tbe  Preaident  was  also  authoriaed  to  airain  extend  the 
loan  of  $500,000  t6  the  Pacific  Mali  Stoamship  Company,  made 
two  years  ago,  and  extended  for  a  year.  Mr.  William  Butler 
Duoean  acted  with  the  Board  of  Directors,  and  then  resitrnetL 
His  place  waa  filled  by  the  election  of  Mr.  Frederick  Ciiandlar, 
Pieaideot  of  tbe  National  Ban  kinfr  Assodation. 

Roekfar^  Boek  Itland  &  St  Louis.— Mr.  Osterbnri;  said  to 
a  TrS^n4  reporter  tbat  there  are  216  bonds  of  $1,000  each  rep- 
raaeated  by  Mr.  Hasaler;  about  200  more  l>oods  are  repre- 
sented by  a  law  firm  in  Chicago;  about  100  have  been  sent 
to  the  Union  Trust  Company,  tbe  truateea  ol  tbe  bondholders,  and 
aboat  100  more  have  l>een  delivered  over  to  myaelf,  the  owners  ot 
which  have  joined  the  Qerman  eommltiee.  This  makes  about 
ttOftfiOO  bald  In  thia  ceuntry.  The  toUl  bonded  debt  amounts  to 
$&i)00,000,  exclusive  of  past  due  Interest,  which  is  a  little  over 
$3,000,000.  The  gross  earoinga  of  the  road  have  been,  so  far, 
about  $1,000,000  per  year,  and  it  requires  only  fair  manak;ement  to 
bring  it  up  to  $1.0OOXnO  within  the  next  two  ytars.  The  railroad, 
when  put  In  order,  can  make  a  net  profit  of  SOpereent^n  Its  grosa 
earniojia,  providing  the  money  doea  not  go  into  tbe  wrong  pocketa. 
In  rvply  to  the  queation  aa  to  what  tbe  bondholders  will  receive 
who  nave  not  joined  tlie  Uerman  bondholders,  he  aald:  Tbe  l>onda 
nnmbered  from  1  to  5.000  will  receive  about  11  percent,  and  thoae 
above  S.OOO  abonl  0^  percent.  Besidea  thoae  in  this  country,  tbera* 
areaoma  bonds  held  by  peraona  in  Holland  and  Switzerland,  but 
I  bo  awjoriiy  of  all  t^e  oonds  are  held  in  Qprmany.  After  tha 
boadboldora  have  Inveated  an  additional  $300,000  or  $400,000, 
which  la  all  that  will  hn  required  to  put  the  road  In  good  running 
condition.  It  will  net  10  per  cent  on  $8,000,000  to  $4,000,000. 

8t>  Loaia  Kaasas  City  k  Nortkern.— The  St.  Louia  Ittpub'Uan 
of  Aogust  14  says:  "  Tbia company,  yesterday,  as  we  understand, 
aooplelad  the  parehaae  of  a  portion  ot  the  rlnht  of  way  of  tha 
8t.  Loala  Ooaoty  Railroad,  through  Forest  Park  and  into  tha 
UaloB  dapeL  Vary  aoon  the  first-named  road  will  be  able  to  land 
lla  paaaengera  in  the  great  central  depot  of  all  the  roads^an 
advantage  that  can  aeareely  be  too  highly  estimatci.  The  St. 
Loals  (>>aaly  Railroad,  by  thia  sale,  places  itself,  we  are  in- 
formed. In  a  position  financially  to  complete  its  road  through  the 
park  aad  to  Its  terminus." 

Ssatkeni  Maryland.— Judge  Wylie,  of  Washington,  haa  made 
a  decree  appointing  N.  P.  Cleary  receiver  of  this  company. 

Til  fcakaig  h  Meridian. — A  circular  was  issued  some  time  since 
to  the  holders  of  unindorsed  bonds  which  stated  that  tbe  company 
was  unable  to  pay  the  usual  2  per  rent  interest  upon  its  unindort- 
*d\  bonds,  doe  on  the  first  of  April,  this  failure  being  caused 
directly  by  the  excessive  uxation  imposed  the  past  year  by  tbe 
countiea  and  dtiea  along  the  route  ol  the  road.  Tbeae  uxes  In  the 
sggregate  amounted  to  nearly  (AiXy  thoutand  doUart.  Previoua 
lo  this  by  the  terms  of  their  charter,  the  company  had  been 
almost  entirely  exempt  from  taxation. 

"It  is  doubtless  known  to  you,  that  by  reason  of  tbe  great  flood  of 
April,  1874,  and  tbe  destruction  of  the  Big  Black  Bridge  and  tha 
consequent  extra  expenses  and  loss  ot  business,  tbe  company  waa 
compelled  lo  pass  tbe  two  per  cent  interest,  due  tbe  1st  of  July 
last,  upon  tba/rj<,  iteond  and  third  luortirage  bonds ;  and  that  the 
company  has  not  until  now,  defaulted  upon  tbe  interest  of  the 
unindoTird  bonds.  I  am  glad  to  be  able  to  slate  that  the  present 
Legislature  haa  passed  an  act,  wliich  establishes  the  total  taxation 
of  the  company  at  about  eleven  thousand  dollars  per  annum, paya- 
ble to  the  Slate,— and  which  is  to  be  in  place  and  in  lien  of  all 
other  taxes,  Suie,  County  and  municipal.  Willi  this  amount  of 
taxation,  the  managers  of  the  company  believe  that  they  can,  after 
the  1st  of  April,  pay  the  customary  two  per  cent  of  iutereat  apOB 
tha  1st  of  July  and  October,  and  regularly  therealter," 


208 


tHE  CHRONICJLtl 


[August  28,  1875. 


^I)c  Commercial  iJEimes. 

(JOMMEHCIAL  EPITOME. 

Pbidat  Night.  August  37,  1875.  . 

The  breather  hu  become  cool  and  pleasant,  and  there  appears 
to  have  been  in  all  parts  of  the  country  a  suspension  of  the  heavy 
rains,  which  for  nearly  a  month  fell  almost  without  intermission. 
Repairs  to  railways  and  bridges  have  been  completed,  thus 
removing  all  obstruction  to  business,  caused  by  the  interruption 
of  transportation.  Frosts  have  been  reported  in  the  Northwest, 
but  teleji^rams  stale  that  they  did  little  or  no  damage  to  the  crops. 
A  nnmber  of  large  failures  have  occurred,  but  they  have  had 
little  effect  except  to  increase  the  timidity  of  capitalists  and  the 
cautiousnesa  for  a  long  time  observable  in  all  departments  of 
trade.  Autumn  trade  opens  without  much  animation,  and  yet  a 
hopeful  tone  prevails  in  business  circles,  independent  of  merely 
speculative  influences. 

Pork  nas  been  pressed  for  sale  on  Western  account,  and  has 
been  more  active  at  declining  prices.  On  Wednesday  several 
hundred  barrels  of  mess  fo\d  at  $21  on  the  spot,  but  futures 
dropped  the  next  day  to  |20  35  for  Septembttr  and  $20  40  lor 
October.  Lard  has  declined  also,  but  not  so  much  as  pork  ;  prime 
Western  sold  on  Wednesday  and  Thursday  at  13  9-16c.  for  Sep- 
tember and  18  ll-18c.  for  October,  with  spots  very  unsettled. 
Bacon  and  cut  meats  have  ruled  firm,  but  with  very  little  doing; 
there  is  as  yet  no  abatement  in  tlie  cost  of  production.  Tallow 
has  been  up  to  9  5-l6C(|9|c.  for  prime,  but  closes  easier.  Butter 
and  cheese  have  latterly  been  doino^  rather  better.  Today,  pork 
sold  at  $20  35@20  30  lor  September  and  October,  but  closed 
rather  firmer.  Lard  declined  to  13  7-16c.  for  September  and 
13  9-lCc.  for  October.  The  export  of  cheese  is  checked  by  the 
difficulty  of  negotiating  exchange. 

Bio  coffee  hag  been  active  in  the  past  week  at  the  advance 
qnoted  in  our  last,  and  the  stock  yesterday  morning  was  reduced 
to  85,000  bags,  but  the  close  is  rather  quiet;  fair  to  prime  cargoes, 
19i(a20Jo.,  gold.  Mild  coffees  have  been  less  active,  and  the 
stocks  are  50,000  mats  Java  and  23,000  mats  and  bags  of  other 
growths,  but  Java  is  quoted  strong  at  27@29c.,  gold.  Rice  met 
■with  a  good  trade.  Molasses  has  been  very  dull.  Sugars  have 
been  rather  more  active,  and  some  reduction  of  stocks  has  been 
effected  in  the  medium  and  better  grades,  while  low  grades  are 
neglected  and  depressed.  The  failure  of  Stirl'ng,  Alirens  &  Co., 
importers  and  refiners,  at  Baltimore,  with  liabilities  J3,500,000,  is 
announced.  The  movement  iu  sugars  at  this  market  has  been  as 
follows : 

Hhcls.  Boxes.*  Bags.        Molado. 

Receipts  past  week 3.723  5,652  69,5:9  

Bales  past  week 10,415  4,335  303  210 

Stock  Aug.  86,  1875 14i,120  54,432  8.53,105  17,134 

BtooltAug.  27,  1874 131,641  49,.369  299,043  415 

Linseed  oil  has  ruled  lower  at  C5(a67c.  Crude  fish  oils  have 
been  in  moderate  demand  and  steady ;  sales  100  bbls.  inferior 
erode  sperm  and  300  bbls.  Northern  whale,  at  New  Bedford,  on 
private  terms.  Other  oils  quiet  and  unchanged.  Mackerel  have 
been  quiet  but  steady.  Hides  in  fair  demand  and  firm  ;  dry 
Montevideo  sold  at  22Jc.  gold,  and  city  slaughter  ox  at  10c.  cur- 
rency.    Whiskey  closed  steady  at  $1  24. 

Kentucky  tobacco  has  ruled  lower,  and  at  the  decline  decidedly 
more  active  at  8@10c.  for  lugs  and  13@33ic.  for  leaf ;  the  sales  for 
the  week  embraced  1,335  hhds.,  of  which  550  were  for  export, 
and  775  were  for  consumption.  Crop  accounts  have  been  more 
favorable.  Seed  leaf  has  been  in  moderate  demand  and  about 
steady;  the  sales  embrace :  crop  of  1873,  39  cises  Pennsylvania 
at  13ic. ;  crop  of  1873,  335  cases  Connecticut,  at  lli@23c..  30 
cases  State,  at  7c.,  41  cases  do.  at  13ic.,  36  cases  Wisconsin,  at 
6Jc.,  130  cases  Ohio  on  private  terms;  crop  of  1873  and  1873,  155 
cases  Pennsylvania  fillers,  mixed,  on  private  terms;  anl  crop  of 
1874,  200  cases  Connecticut  on  private  terms  ;  aJso  200  cases 
sundry  kinds  at  7@35c.  Spanislx  tobacco  has  remained  steady 
with  a  moderate  business,  and  sales  of  400  bales  Havana  at  85e.@ 
$1  00. 

Ocean  freights  hare  latterly  shown  an  improvement  both  in  the 
amount  of  business  transacted  and  in  the  rates  obtained ;  this  per- 
tains to  berth  room ;  the  market  for  charter  room  has  been 
moderately  active  from  day  to  day,  which  has  prevented  any  fur- 
ther decline,  and  at  the  close  gives  a  sieadier  tone  to  affairs.  Late 
engagements  and  charters  include  :  Grain  to  Liverpool,  by  steam, 
at  6i@6Jd.,  and  provisions  at  SOs.  per  ton ;  grain  for  next  week's 
steamer,  7@7id.;  grain  to  London,  by  sail,  7d  ;  do  to  Glasgow,  by 
steam,  8d.;  do  to  Hull,  by  steam,  9d.;  do  to  Cork  for  orders,  6s. 
per  qr.;  refined  petroleum  to  direct  Continent,  4s.  d^d.;  do  to  the 
Baltic,  5s.  9d.;  do  to  Cronstadt,  6s.  3d.;  do  to  Gibraltar  for  orders, 
5s. ;  do  to  Trieste,  5s.  9d.  To--day,  there  was  less  doing,  but  berth 
room  remained  very  steady,  while  charters  were  unchanged — 
grain  to  London,  by  sail,  7d.  per  60  lbs.,  and  flour  at  33.  3d.;  grain 
to  Bristol,  by  steam,  9Jd.;  do  to  Hull,  by  steam,  7Jd.;  refined  pe- 
troleum and  residuum  to  Liverpool,  48.  9d.;  do  in  cases  to  Genoa, 
25ic.,  gold  ;  grain  to  Cork  for  orders,  re-charters,  at  Gs.  9d. 

Rosin  has  said  pretty  well  during  the  past  week  at  steady 
prices,  but  at  the  close  little  was  done ;  strained  to  good  strained 
quoted  at  $1  65a$l  70.  In  spirits  turpentine  a  moderate  business 
baa  been  done  at  3 l^c,  closing  steady  at  31i@31ic.  Petroleum 
has  been  generally  quiet  and  barely  steady,  but,  at  the  close, 
higher  Creek  advices  lent  a  firmer  position  to  prices ;  crude, 
in  bulk,  quoted  at  5|^3io.,  and  refined,  in  barrels,  at  lli@ll^c. 
for  prompt  and  all  September  delivery.  Ingot  copper  has  sold  to 
the  extent  of  300,000  lbs.  Lake,  at  33|@33ic.  cash.  Layer  raisins 
^uiet,  at  t3  10@3  19.    Carranta  at  6@Sic.    Turkish  pranes,  tfio. 


Bxport*  or  lieadlUK  Articles  from  Neiv  Y«rli» 

The  following  table,  compiled  from  Custom  House  returns, 
shows  the  exports  of  leading  articles  from  the  port  of  New 
York  since  January  1, 1875,  to  all  the  principAl  foreign  countries, 
and  also  the  totals  for  the  last  week,  and  since  January  1.  The 
last  two  lines  show  total  «(i^u««,including  the  value  of  all  other 
articles  besides  those  mentioned  in  the  table. 

g  gt-o_3i^^(- Ot-^T*^^Tr  (- J,  t-ab«  »—  a1  -T  ^  w  «'*.**.*t*tH1    -^-.^.    ."t.'"'..'^      ',    r- 

■    '        -■  ■  -  -     g 


taat 


1  ^  «        to 


3    " 


i5§K|S  11  jgSg  |S  :  :||gi2S|SSSSS 


S.  ^ 


.c*(Meor:eciQr-t-owpj- 


*r  ■ 

i%ii 

i- 

•^  :i  ill 

i:i|i:; 

f  i  :"  -S 

ssii- 

.....  .0 

:  :  !  :  :  -S 

^Ogt^OO     .Q 

■s. :  :     4  ;  55 


«3» 


:83SS  : 


•g  ;  *!.''*. 


»- 


f^  cDyit^^    •    •t-ffl3Jot-'-<    *ei    '  _       Of    -eft      a*f  ■'^"^t"  ^^  co^a*  ^^^  '^    »   T  --f   • 


O 

-S'S.  '  •  •  •fl*S«'-^'5  "-■ 

^3J  •  .  .  .— •cQ^'rf^  •     •« 

>»-«  ;  .  .  .OM      o  •(> 


H  2;  o      t'-  93  ^  :o 


Soaor-mci?QOQpi-"50oo^ 
*-{»-?      c*      t-o  i-00 


5»n 


0-*'    .tOOCO-HM    .CRO    .OM  3S'2^iS3R"''     -WW       SS 
id    .O      TOlitt    .00)     .,-to  ^  y.  5l-OtO  t-     .      GO        "t.^- 


,-HrHr-  T*        ^O   ( 


^.^»^oo    .p    "^        .000    .-^cogoso)    -MO    -^^tz     55  r; 

S5 


6        ^      .COK.      •        -S- 


:  :S 


ISS  :g  : 


:SS  : 


58 


S    :  a:  » 


*-•  09 


PS 

■♦»o 


liii 


as  o 

^  a  :  -OS 


5  !»,-    .«2    .    .0-. 

'j^  .08  :  -Ms 
?  :;S: 


.00  3)  to 
'00' 


ill 

"i 

5,340 

'■.f 

•00 

i  igl  j ; 

1.507 
3,680 

151,874 
1,167 
4,720 

256,423 

t-OJ 


s 


^M    ^S    S*^     «=>     ' 


100   .9    .    .5SS    '*■•<= 


^. 


09 


:  :  :S3 


,'MKJD 


ss  a"  £s 

toot      — i  -- 


uStS 
I-  — 

— 'w' 

-)■  CO 


B.S^j3j3nn.att«i«tta)«,«ioaBtctDa]aQ^«goaDnaB_  _ 


;.O.OJ5,OJ3J=  P.*;.a3  O-Z 


3.  -60^     " 


I  000c 


■■'i%\\\\-  -V:^ 

•   •  o   ; 

:  :»<  : 


MS       00  £  K^H 


AagasX  iS,  1876.] 


THE  CHIIONICLR 


209 


■■■r*rta  mt  LeadloK  Artlelaa. 

Tha  followiog  table,  compiled  from  Uoitom  Boase  relarnB. 
»)iow(  tb«  (oreif  n  imporSa  oi  leading  artiolea  at  this  port  since 
J»a.  1, 1875.  and  for  the  aame  period  of  1S74 : 

[TiM  qauktltr  t>  xlrea  Id  mctajcss  wbea  aot  otherwise  apeeifled.] 


Since       Same    ' 
JaB.l.*n.tteal»I4 


Cklaa,  OI*M  uid 
KaitbeBw*r»— 

China 

Earth«awan. 

OUm 

OliMwar* . . . 
QIaaa  plata... 


(Mta^bSaa. . 
iSS.  PwsTlas.. 


(kaaa  Tartar. 

flamblar 

Soi,  Arabic. 


aSGr:. 


OUa. 

OU.OUt* 

Uplaai 

8oda.bl-carb.. 

Soda.  Ml 

Sodauh 

Flax  ..._ 

Fnra 

Oamar  cfaMk.... 

Bate _  . 

Hasp,  baUi.>.., 
BMa«,*c- 

Brlatlai 

BUm-irm 
ladtoraMw. 
Ivtej 

JtmJbr... 
Walcbaa... 


1«.M0 


11.  IM 

a.7*ei 
s,it« 

iT.n4 

1.1IT^« 

t,nt 

11.186 

«.(■ 

t.017 


R.on 

M 
lt.W 
flI.VM 

we 


Mil 


•.US 

Ml 


s.on' 

tl.9U 

Kl.lMI 

tl.MI 

4i.&a) 

1S,«I« 

ltM4 

17.74!( 

s.«e 

s» 

B.sn 

Lass 

*.(UI 

i.ti: 
ai.M!i 

at.113' 
7.aw 
Mit ; 

t.aoii 
umst 

•,01. 

•n 

H.tM  , 


VeUU.  Ac— 

Cutler; 

Bud  war* 

Iron,  BR.  bats 

LcuLplK* 

Spelter, lb*  ... 

Steel 

Ttu,  boxe*..... 

TlDaUb«,lb«. 

R««» 

aagsr.  hbd*,  tea.  * 

bM« , 

3ai:ar,  bxa  *  bacf 

Tea  .T^., 

l'<ih*CO*..« 

Wiste. , 

W>nca,*e- 

ChinnpagBe.  bka. 

WInea. 
WooLh 
Artidm 

talm— 
'■li,-«r»... 
f'Tkj... 
F«nej 
FUh..". 
rmlta,  *«.■ 

OraaML.'. 
NaU. 


HIdea. 
Rice... 
Splree  M.- 

Cuela..    .. 

(iinga^.... 

Prppar.... 
Saltpetre. ... 
.ViMtda^ 

Fiiftlt.. 


i»i»»iii!.'. 


since 
Jao.!,*^ 


1*.WI 
TI.IW 
TI8w81 
10^189 

ts«,a> 
n.104 

«i.«S 

t.«B.43S 

MM43 

un 

118.771 

aa,irm 


•iwt, 

lOtUS 

iai.m 

MMM 

lSt.7*ft 


«*.i8r 
ut,7r 


•s.4aB 

•a 

SI 


Same 
tlmeU74 


1,1 

ioi.su 

141,518 
1,U0,«1* 

74,71« 

T.WS.SH 

•1,754 

»l,41t 

sn.iM 

ITn.lM 

11.110 

1.8W 

7S,I» 
ltt,t» 

M.n8 


|t«4S.(41 
B.»t 
SI8.4T1 


Uii.in 

su.m 

l.MM,tl« 

MM.MI 

MLIIJ 

T1.4S0 


17.MS 
1S1,1S1 
T14M 


COTTON. 

FuiUAY,  P.  IC  A«g«sl  27.  1875. 
By  spwW  Ulaffsm  mmItwI  tooli^ht  ffom  Um  Boatham  Port* 
iraare  ia  poaMMliMi  of  the  raiarai  lU'iirlaf  tho  NoeipU,  exports, 
ke,,  of  cotton  for  the  week  eodioi;  thia  •veoing,  Aug.  27.  It 
sppeftre  that  the  total  laeeipta  fur  the  Mveo  da/a  bare  reached 
8.610  bales,  a(aIoM  l.Ml  bales  last  weak,  \M\.  bales  the 
prarloaa  week,  sad  8,098  bales  tlirae  wssks  ilaee,  maklog  the 
total  reeaipts  shses  tha  Srst  of  Sepiembsr,  1874,  8.4S8/I38  bales, 
gaiaat  8^18.131  balsa  for  the  lam^  period  of  187^74,  showlag  s 
rfssrsssi  slass  Bapiasibar  1. 1874.  of  .^10,811  bales.  The  defaiU  of 
the  reeeipts  for  this  weak  (as  per  tel'-)fraph)aaJ  foreorreaposdlof 
weeks  of  flvs  prerloos  years  are  aa  fullows: 


NMalTee  Ule  weak 


lOL 


Ut*.Ul     Mil, 


isa. 


Ml 

M 

m 
lit 


N8 


IJMI 

li 
j    .... 


VtMNh 


T.1I4 


tn 

i.ia 

»M 

IM 

t.ni 
u 

IM 


Tha  Mtports  lor  Ihs  wssk  oodioK  this  ssssiair  raaeh  a  toui 
•f  SjM  balss.  of  wUeh  S.80S  were  to  Oraat  Britain,  188  to 
Vlaass.  sad  490  to  the  rest  ot  the  Coatlasat,  while  the  stocks, 
saaadaap  this  eTonlac,  are  now  76.718  bales.  Below  are  the 
SKporls  sad  atoeks  tot  Iha  weak  and  also  for  tha  oarreapoadiag 
lof 


'Oor  talsgrsm  from  New  Orleaas  tonight  ihowi  that 
I  the  ahoTs  exports  the  aaotint  of  sottoo  oo  sUlpboard,  and 
miftgaA  for  •hlpaeat  at  that  port,  ii  as  loUows:  For  Llrrerpoo', 
4,000  bates;  for  Qarre,  none;  for  Continent.  1,000  balea; 
foreoaatwtsa  porU,  SOO  balss;  total.  SjNO  bales;  which.  If  d» 
dssted  fn»  tha  stock,  wonld  leave  8,000  balaa  rapreseoUng  the 
f  BSatlty  St  the  Uodiog  sad  la  prsssss  oaiold  or  swatting  orders.] 


From  the  foreifoiiig  atatement,  it  will  be  seen  tbai, compared 
with  the  correepoading  week  oi  last  seaeoa,  there  is  a  decrea»» 
in  the  exports .  this  week  of  6,03'3  balea,  while  the  stocks  to- 
night are  31,728  bale«  U»s  than  they  were  at  this  time  a  year 
%^o.  The  following  is  our  usual  table  showing  the  movement 
ol  cotton  at  all  the  ports  from  Sept.  1  to  Aug.  30,  the  latest  maU  ' 
dataa: 


POBTS. 


Revurleaoi... 

Mobile 

Cbarleeton*... 

Saraoiiab 

OalTexoo*  .... 

New  York 

floilda. 

No.  Carolina... 

Norfolk* 

Other  porta.... 

Total  this  jear. 

Twallt  irear. 


BIOIIPTS 

eisoaaBTT.l. 


BXPOETID  eiHOB  SBPT.l  TO— 


Ifll 


Great 


I  Olber 


873.  , Britain.  iFraaee.Por'irB 


MS.]  11    12i:.'^^     tihOa  '  tXJiii  I  153,170 

>.«.«l    j«.5;«      -  —  '     

Ml  .1.6    ai»i 


art,*!* 


1613H     410,7<t 


Total. 


«8S,79t 
191 ,}« 

2is.iao 
«a,i*2 

»3Ai4 
tll.lM 

1S,3» 


«n.iM 


ino.i;« 


Coast- 
wtae 
PorU. 


166.918 

in.TCO 
1»7,S8 
1M,9J0 

liwi 
sa;ao 


luojai 


stook. 


11483 

MB 

2,>'.6 

w,as; 

'iis 
i,ss> 

U,SI» 


89,1(3 


U8,agl 


*  Undartha  bead  of  on  -rUtutn  la  laeiaded  Port  Uoral,  ac;  under  the  bead  ot 
OoJHMMls  laaladsd  Iadlanola,ac.:  aadar  the  head  or  Norfolk  la  Indaded  City 
xotnt.  ae. 

Our  market  the  past  week  has  been  active  for  cotton  on  the 
spot,  and  prices  have  been  advancing.  The  demand  was  mainly 
for  eonaomption,  but  there  has  been  an  improving  inquiry  for 
export,  and  some  speculation.  Quotations  were  marked  up  \c. 
on  Wedneaday  and  again  on  yesterday.  Stronger  Liverpool 
advices, (probably  based  on  the  unfavorable  India  repsrts  referred 
to  In  oar  Bombay  telegram,)  and  a  rapid  reduction  of  stocks  here 
have  oontribated  to  produce  the  Improvement  which  has  taken 
place.  To.day,  quoutions  were  again  marked  up  \c.,  but  the 
advance  was  mure  nominal  than  real.  The  export  demand  fell  off. 
For  future  delivery  the  market  has  been  even  more  buoyant  in 
the  early  months  than  cotton  on  the  spot.  The  later  months 
have  improved  but  little.  It  seems  to  be  generally  believed  that 
except  in  Texas  the  crop  is  late,  fully  a  week  or  ten  days  later 
than  last  year,  and  the  receipts  at  the  ports  for  September  are 
estimated  at  fully  2-j  per  cent,  less  than  last  September.  The 
low  temperature  has  also  caused  some. uneasiness  by  exciting 
apprehensions  of  an  early  frost  in  the  Northern  section  of  the 
ooitongrowlng  region.  Receipts  at  the  porta  show  some  increase 
oyer  last  week,  but  now,  as  then,  more  than  half  of  the  total  is 
made  up  at  Qalvestoo,  where  moderate  supplies  of  the  new  crop 
have  arrived.  To-day,  the  market  openra  buoyant,  and  some 
farther  advance  was  paid,  but  the  improvement  was  lost  at  tha 
close,  sad  a  slight  decline  established,  especially  in  the  later 
months.  The  sale*  af'er  'Change  were  at  14|c.  for  August,  14@ 
14  l-83c  for  Sept.,  13  23  33c  for  Oct.,  and  14|c.  for  April.  The 
total  sales  for  forward  delivery  for  the  week  are  88,200  bales, 
lacladlag— ^^  freeon  board.  For  immediate  delivery  the  total 
sales  foot  op  this  week  10,383  bales,  including  3,609  for  ex- 
port, 6,83.5  for  consumption,  74S  for  speculation  and  —  in 
transit.  Of  the  above,  —  bales  were  to  arrive.  The  following 
ara  tha  «!'>«' -g  qootations : 


■ew( 


UplaaSs. 


■<k 

Uki 


I 


lim 

14H: 
14kl 

19HI 

14m 


SewT" 
Orlaaal. 


Taxaa 


l>K| 

i4Ni 

19k« 
J9XJ 
1«HS 
14|i4i., 


51: 


OWMMfsattl 

\\»mt 

krkat4 

iaah< 

larof 

tha  past  waa 

k: 

aaiaa. 

PBliiaa. 

aist. 

.SiV 

5K 

Trao. 
alt. 

Total. 

Ord'ry 

Oood 
Ord-ry. 

LOW 

Midi'r 

Mid 
dllBf 

teSS'a^v.v.::: 

rnaaSay. ...::.: 
Wedatiada; 

Rar.'...:::J 

e«s 

:ai 

140 

419 

Ul 

m 

I.V3 

ai 

4AS 

aoo 

:::: 

115 

'Si. 

UK 

I9M 
liX 

uS 

14 

I4X 
1«X 

lOi 
1<N 
14X 

14  K 

T«»al 

;u 

.... 

uuai 

.... 

.... 

For  forward  delivery  the  aalea  (including   free  on  board) 

have  reached  during  the  week  88,800  bales  (all  low  middling  or 
sa  tha  baals  of  low  middliag),and  the  following  is  a  statement  of 
tBa  salss  and  priees : 


UMsetal  Aac. 

ferSs»>ewber._ 
«Sk liSMI 

as. uis-i* 

UJi 

...1S»W 
,  .U  19-14 
...M  »■■ 
U 

....14  1-a 

......4  i-:4 

WM 

i«,sn  loUl  Sept. 

Wm  October. 

MS UM4 

400 U  lasi 


}«•;: 


btiea. 
i.4n>... 
«m... 

1.W0... 

to... 


eta. 

..  It  II-3 
..II  ii-i* 

.  UJMt 

■.-.ii^a 

..Ul*-1( 


M,«IB  toUl  Oct. 
For  November. 

'•S::::::::a'.Si! 
••a::::::::iii?.2 

iJS UII-19 

tot \*\ 

I.TM  total  Xov. 
For  December.  _ 

SB IS  11-S 

WO I4S-1* 

IMt 1>  >*^ 

I.IM HX 

l.WO ll2l-« 

X.MO It  ll-la 

1409 MISSl 

11.700  toUl  Dec. 


For  Jannary. 
balea.  et*. 

130 It  It-lf 

i.uD. un-a 

MOO Ilk 

iMO vt-ah 

i/m 11  :t'i4 

•00 axm 


:.u^ 


11,100  toul  Jan. 


For  yebmary* 

100 Illl-il 

400 ISM 

sn It  i»-i4 

■» 13S1-SI 

900 II 

IJOO 14  1-N 

1.400 14  116 

sn It  s« 

Tm  toui  Feb. 

For  Moreb. 
100 II  1  M 

an 14  1-9 


wo.... 

1*J0 


•.ivia 

..14  S-K 

.14  1-SI 


balea. 
I.IOU... 


eu. 

..MK 


tjOO  total  Mareb. 

For  April. 

roi) I4fc 

»iu II  im2 

140D 11  7-tt 

iino  total  AprU. 

For  Mu. 

100 7i4  i»-8a 

sn 14S 

100 14  31-4} 

KXI 14  11-16 

too  toui  May. 

For  Jane. 

1,000 14M-n 

JOO I4jf 

luo 14  u-ri 

IMI 14  IT-St 

l.<00  total  Jane. 

Kor  July. 

ICO. I4X 

100 II  U-14 

~aoa  toui  Jnly, 


Ths  following  sxchange  has  bssa  mads  dadj^;  tbs  wssk ; 
Hto.  p4,  to  ezeh.  I,inB*pi.  for  Aof , 


210 


THE   CHRONIGLR 


[August  28,  1875. 


The  foUowlnor  will  ghovr  spot  qaotattona  and  the  closing  prices 
bid  for  futures  at  the  several  dates  named : 


Frl. 

Onipot un 

Angait 14 


LOW  XIDOLIKS  CPLANOS— OLD  OLUBinOikTtON. 

Mod.       Tool.        W«<1.         Thart. 
14U  NX  1<X  UH 

11  3-l«       14  i-W        14*  ■■■• 

HIODLZNQ  UPLANDS— NBW  OLASBIFIOATIOK. 


8M. 

14  ^31 


14X 


Onipot UH 

8epcemb«r 13 'J5-sa 

October    13  9-16 

November....  13  17-33 

December 18  9-16 

January. „....  13  3>32 

February ISX 

March 14  !-l( 

April 14X 

May 14  ivsa 

Jane 14  ll-i( 

Baleeepot 1.510 

Balei  future...  IS.JOO 

Gold U3H 

Kxebanse 4.J4H 


1 1  «-33 
13  l»-3i 
18  «-l« 
IS  l»-3i 

13  asi 

IS  2»-3J 
UH 
II  S-l< 

14  9-16 
11  23-32 
l.»l 
7,60il 

ibx 
4.e4x 


13  15-16 
t3S 

13  13-32 
13X1 
13  2V32 

13  15-16 
II  5-32 
II  I '-32 
U  l»-'.6 

14  2)-JS 
9U9 
Ii7.9:i0 
113« 
4.91V 


I'X 

H  15-18 
13X 

13  19-32 
13  X 
13  ■i.t-Si 

13  IS  16 
I4>< 

14  11-32 
14  19-<12 

1.M5 

1131)0 
1I3X 
4.81V 


IS  15-16 
IS  31-3! 
13X 

IS  3-82 
•.8  3V-3i 

13  15-16 

14  .i-32 

II  ii-a 

14  19-i2 

14  k 
s.«ia 

19,0  JU 
USK 
4.84X 


14H 
14  K 

13  13-16 

nv 

13V 

14>32 

14  9-32 
HS 

11  23-82 

14  <')-32 

3,216 

12.900 

113)4 

4.S4X 


Frl. 
14X 


13  S1-.M 
18  2i-:i' 

IS  19-32 
13X 

IS  23-32 
IS  15-16 

II  S-16 

14  17-32 
14  2S-;s2 
1.193 

19,100 
114>i; 
4.(4),- 


Weatheb  Reports  by  Telegraph. — Our  telegrams  to-nigh 
indicate  considerable  improvement  in  the  weather  in  most  districts 
during  the  past  week.  There  has  been  (with  only  one  exception, 
we  believe)  less  rain,  and  over  a  lar$;e  section  the  temperature  has 
been  higher,  though  at  many  pointi-Jioo  low  even  yet.  Still  the 
reports  of  rot  and  rust  are  quite  prevalent,  (and  also  ot  boll  worm 
in  one  or  two  sections')  Bhoning  the  importance  of  dry,  warm 
weatlier  to  the  plant  at  the  present  time.  Witli  a  recurrence  ol 
these  contiilions,  and  alonp  favorable  picking  season,  our  advices 
would  indics'.e  the  prospect  of  a  satisfactory  result.  The 
Mississippi  flood  has  finally  subsided  and  the  extent  of  damage 
is  estimated  by  the  Memphis  Exchange  in  their  r»port  received  by 
telegraph  to  night  at  60,000  bales.  Our  Vicksburj?  correspondent 
states  that  the  tosp  in  that  vicinity  from  this  cause  is  slight.  In 
Texas  we  notice  there  have  been  further  rains  and  some  complaint 
from  this  cause  is  made  from  the  Galveston  district. 

Oalveston,  I'exas. — It  has  rained  here  on  three  days  this  week, 
the  rainfall  reaching  one  inch  and  fifty-seven  hundredths.  We 
are  having  more  rain  than  desirable,  though  as  yet  no  serious 
damage  has  been  done.  Picking  is  making  fine  progress  every- 
where. The  thermometer  has  averaged  81,  the  higliest  being  89 
and  the  lowest  73. 

Indianola,  Texas. — We  have  had  rain  on  two  days  with  a  rainfall 
of  forty-six  hundredths  of  an  inch.  Crop  accounts  are  favorable. 
The  thermometer  has  averaged  81,  the  highest  being  90  and  the 
lowest  71. 

Comcana,  Texas. — There  has  been  rain  here  on  two  days  this 
week,  the  rainfall  being  one  inch  and  thirteen  hundredths.  We 
have  had  warm  days  but  cold  nights.  Picking  is  now  progressing 
finely.  The  thermometer  has  averaged  78,  the  higliest  being  92 
and  the  lowest  6i. 

New  Orleans,  Louisiana. — There  was  rain  here  on  four  days  of 
the  past  week,  local  showers,  the  rainfall  reaching  one  and 
eighteen  hundredths  inches.     Average  thermometer  79. 

Shreveport,  Louisiana. — Kain  fell  here  on  two  days  the  past 
week,  the  rest  being  pleasant,  with  cool  evenings  and  heavy 
dews.  Cotton  is  looking  better,  and,  with  a  continuance  of  the 
present  weather,  a  good  yield  is  expected.  Total  rainfall  for  the 
week,  eight  hundredths  of  an  inch.-  Average  thermometer  81, 
higlie.st  97  and  lowest  64. 

Vicksburg,  Missisaippi. — The  thermometer  during  the  week  has 
averaged  78,  the  highest  being  81  and  the  lowest  76.  Weather 
fair,  without  rain.  We  have  just  been  through  Northern  Missis- 
sippi. They  have  had  more  rain  than  desirable,  making  too 
much  weed  and  causing  bolls  to  rot,  or,  where  they  do  not  rot, 
to  open  slowly.  This  is  much  to  be  regretted,  as  this  is  a  year 
when  the  crop  will  depend  mainly  on  the  picking  seison  and  the 
capacity  to  pick.  The  river  overflow  has  done  but  little  damage 
near  us. 

Columbus,  Missisaippi. — We  have  had  no  rain  here  the  past 
week.  The  thermometer  has  averaged  82,  the  highest  being  96 
and  the  lowest  70.  The  boU  worm  is  said  to  be  doing  consider- 
able damage  in  some  sections. 

Little  Mock,  Arkansas. — The  past  week  has  beei^warm  and 
clear,  excepting  Sunday  and  Thursday  evenings,  when  we  had 
light  showers,  the  rainfall  reaching  thirteen  hundredths  of  an 
inch.     Average  thermometer  78,  highest  94  and  lowest  61. 

Nashville,  Tennessee. — The  weather  tiie  past  week  has  been  warm 
and  dry,  just  what  is  necessary  for  the  healthy  devtlopment  of  the 
crop.  Tlie  thermometer  has  averaged  73,  the  highest  being  8tf 
and  the  lowest  61. 

Memphis,  Tennessee. — There  was  one  rainy  day  here  the  past 
week,  the  rainlall  reaching  ten  hundredths  of  an  inch;  otherwise 
the  week  just  passed  has  been  pleasant.  Crop  accounts  are  more 
favorable.  The  lower  growths  are  suffering  with  tlie  rot  and 
damp  bottoms ;  otherwise  the  bottom  crop  is  safe  and  very 
abundant.  The  middle  crop  is  safe  and  abundant,  but  the  top 
crop  is  growing  too  fast.     The  tliermometer  has  averaged  76. 

Mobile,  Alabama. — It  was  showery  two  days  the  early  part  of 
the  week,  and  cloudy  two  days,  the  remaining  three  days  being 
fair  and  pleasant,  the  rainfall  reaching  fifty-seven  hundredths  of 
an  inch.  Crop  accounts  are  less  favorable  ;  bolls  are  dropping 
and  rust  Is  developing,  and  it  Is  feared  much  damage  has  been 
done.     Average  thermameter   76,    highest  88  and  loweht  69. 

Montgomery,  Alabama. — We  had  rain  on  one  day  during  the 
week,  the  rainfall  reaching  two  hundredths  of  an  inch.  The 
days  have  been  warm  and  the  nights  cold,  but  as  the  week  closes 
there  is  a  favorable  change.  Picking  is  progressing  finely.  Aver- 
age thermometer  76  ,  highest  88  and  lowest  66. 

Set/na,  Alabama. — There  was  rain  here  on  one  day  the  past 
week,  the  rainfall  reaching  six  hundredths  of  an  inch.  Average 
thermometer  76. 

Madison,  Florida. — Telegram  not  received. 

Maeon,  Oeorgxa. — There  were  two  rainj  days  here  the  past 


week.  We  have  heard  several  complaints  of  rust.  The  ther- 
mometer ha-;  averaged  74,  ranging  betwe?n  67  and  84. 

Atlanta,  Oeorgia. — It  rained  constantly  on  one  day  the  past 
week,  the  rainfall  reaching  sixty-two  hundredths  of  an  inch. 
Crop  accounts  are  more  favorable.  The  rain  fell  in  the  first  of 
the  week,  the  weather  the  latter  part  being  clear  and  splendid. 
The  thermometer  has  averaged  74,  the  highest  being  84  and  the 
lowest  66. 

Coliimbns,  Georgia. — The  days  ot  the  past  week  liave  been 
warm  and  the  nights  cold,  with  rain  one  day  to  the  extent  of  ten 
hundredths  of  an  inch.  Rust  is  developing  badly.  Average 
thermometer  79,  highest  90  and  lowest  04. 

Savannah,  Qet/rgia. — There  were  three  rainy  days  at  Savannah, 
the  rainfall  aggregating  ninety-one  hundredths  of  an  inch.  The 
weather  during  the  week  has  been  too  cold,  the  thermometer 
averaging  77,  the  highest  being  90  and  the  lowest  67. 

Augusta,  Georgia. — There  were  light  rains  here  on  two  days 
of  the  week,  the  rainfall  reaching  ninety-five  hundredths  of  an 
inch.  Rains  have  been  general  in  this  section,  and  ciop  accounts 
are  more  favorable.  The  days  have  been  warm  and  the  nights 
cold,    the  thermometer  averaging  74. 

Charleston,   South  Carolina. — Telegram  not  received- 

The  following  statement  we  have  also  received  by  telegraph 
showing  the  height  of  the  rivers  at  the  points  named  at  3  o'clock 
this  afternoon  (Friday,  Aug.  27).  We  give  last  year's  figure! 
(Friday,  Aug.  28,  1874)  tor  comparison  : 

^Au^.  87,'75.->  ^Ang.  S8,"r4.-, 

Feet.  Inch.  Feet.       Inch. 

New  Orleane.. Below  higti  watermark 5  1  12            7 

Memphis Above  low-water  mark 82  5  4            5 

Nashville .Above  low-water  mark 5  1  3            6 

ShrevepDit ...  Above  low-water  mark lb  11  19 

Vicksburg Above  low-water  mark 48  11  7            1 

Now  Orleans  reported  below  high-wiiter  mark  of  1871  until 
Sept.  9,  1874,  when  the  zero  of  gauge  was  changed  to  high- water 
mark  of  April  15  and  16,  1874,  which  is  6-lOthg  of  a  foot  above 
1871,  or  16  feet  above  low- water  mark  at  that  point. 

In  our  issue  of  the  14th  Inst,  we  gave  th^  height  of  the  river  at 
Nashville  as  twenty  feet  eleven  inches,  when  the  figures  should 
have  been  seven  feet  eleven  inches.  The  error  was  caused  by 
the  illegibility  of  the  telegram  received  by  us. 

Crop  Reports  op  the  Cotton  ExcnANGES  for  August. — 
BY  TELEGRAPH  to  night  we  have  received  the  Mobile  Cotton 
Exchange  Crop  Report  and  the  Memphis  Cotton  Exchange  report 
for  August,  and  by  mail  the  report  of  the  Norfolk  Exchange  hag 
reached  us.  We  give  them  below.  The  quentions  sent  out  were 
the  following  : 

(jaestions. 

First  Question.— What  has  been  the  character  of  the  weather  since 
July  15th? 

Second  Qaeatlon.— Is  the  cotton  fruiting  well,  retaining  its  sqaares 
and  bolls  ? 

Third  Question.— Whal  is  now  the  condition  of  the  Crop  in  yonr 
section,  and  how  does  it  compare  with  last  ye  r  ? 

Fourth  Question.— Has  picking  commenced  in  your  section  *  If  not, 
whpn  will  it  become  £:eneral  ? 

Filth  Question. -State  any  favorable  or  nnfavorable  circumttancea 
not  covered  by  foregoing  gue&tiontf. 

Mobile  Department. 

This  report  covers  the  State  of  Alabama  as  far  north  as  the  summit  of  the 
Sand  Mountaint*,  and  the  fottowing  countUs  in  Mississippi:  Wayne,  Clarke, 
Jasper,  Lauderdale,  Newton,  Kemper,  Nefholso,  Noxubee,  'tVinatou,  Lowndes, 
(iktibiba,  Colfax.  Monroe.  Chicasaw,  Itawamba,  Lee,  Pontotoc,  Prentiss, 
Alcorn  and  Tiehamingo.  The  report  is  ;jrepared  and  issued  by  the  Moliile 
Cotton  Exchange  thronirh  tbeir  Committee  on  Information  aud  Statis- 
tics, composed  of  T.  K.  Irwin,  chairmaD,  J.  P.  BUlups,  J.  W.  Whiting,  Q.  G. 
Duffee,  and  Edward  Beyer. 

Mobile,  August  27,  1875. 
To  the  officers  and  members  of  the  Mobile  Cotton  Exchange  : 

Gentlemen. — Your  committee  respectfully  submits  the  follow- 
ing leport  of  the  condition,  &c.,  of  the  growing  cotton  crop  for 
the  period  commencing  July  15th,  and  ending  August  20th  : 

Alabama. — 106  replies  from  45  counties. 

In  15  counties  the  weather  is  reported  as  having  been  showery  and  generally 
seasonable- in  fine,  too  dry.  And  In  the  remaining  twenty-flve  connties  dry 
to  the  Ist  of  Augnsr,  but  since  then  too  wet.  In  all  the  counties  the  plant 
has  froiied  well  on  the  rich  lands  and  only  fairly  on  the  sandy  or  thin  lands. 
Inhere  Is  much  complaint  of  shedding  on  all  th  •  growths  on  account  of  rust, 
produced  by  too  much  rain  in  sou.e  sections  and  drouth  in  others.  The  pres- 
ent condition  is  from  as  g  od  to  much  better  than  last  year,  only  eight  counties 
reporting  it  coarse.  Picking  has  commenced  to  a  limited  extent  in  the 
southern  and  middle  connties,  aud  will  be  general  by  the  lirst  of  September. 
In  the  northern  part  of  the  State  it  will  not  be  I'eneral  before  September  15tfi. 
The  unfavorable  circumr^tances  are  a  few  boH  worms  and  caterpillars,  but 
chiefly  rupt,  the  latter  having  appeared  pretty  generally  all  over  the  State, 
causing  much  shedding  of  forms  and  squsires. 

MIssiSiiippi. — The  answers  are  condensed  from  53  replies  re- 
ceived from   19  counties. 

The  weather  is  reported  in  this  State  as  having  been  dry  to  the  Ist  of 
Angust,  and  since  then  rainy.  The  plant  has  fruited  well  and  is  generally 
retaining  squares  and  bolls.  Some  shedding,  howev^-r,  is  reported.  The 
present  condition  is  from  as  eood  to  mucli  better  than  last  year,  only  one 
county,  Clark,  reporting  it  worse.  Picking  has  hardly  commenced,  but  will 
be  general  about  the  let  of  September  in  the  southern  and  middle  counties, 
and  about  the  15th  in  the  Northern  counties.  The  unfavoiable  ctrcumstancea 
are  some  little  complaint  of  rust  and  boll  worms  and  weedy  growth  since  the 
rains  in  the  rich  lands,  causing  apprehension  of  rot  in  the  bottom  crop. 
Very  respectfnliy,  your  obedient  servant, 

T.  K.  IBWIK, 

Chairman  of  Committee  on  Information  and  Statistics. 

Memphis  Department. 

This  report  covers  the  State  of  Tennessee,  west  of  the  Tennessee  River,  and 
the  Jo'loiving  counties  in  Mississippi:  Coahoma,  Panola.  Lafayette,  Marshall, 
be  Soto,  Tunica,  Benton  and  Tippah,  and  the  State  pf  Arkansas  north  of  the 
Arkani^as  Kiver.  The  report  is  prepared  and  issued  by  the  Memphis  Cotton 
Exchange  through  their  Coinraitiee  on  Information  and  Statistics,  composed 
of  S.  M.  Gates,  Chairman,  W  A.  Goodwin,  C.  T.  Curtis,  J.  R.  Goodwyn,  T. 
S.  Ely,  Geo.  Winchester,  and  Henderson  Owen. 


Angnst  28,  1875.] 


*      THE   CHRONICLE 


211 


The  above  committee  t»y : 

Nolwitbstand'iDg  the  excessive  wet  and  cold  weather  that  haa 
prevailed  aince  our  report  o{  Jane  29,  the  general  proepecU  indi- 
cated bj  *Jiia  report  are  of  the  most  gratifying  character.  The  prob- 
abilitiea  are  that  a  larger  or  better  crop  waa  never  made  in  tbia 
region  of  the  country.  Abnndant  crop*  of  wheat, oata,  millet  and. 
In  moat  of  thia  region,  good  crops  of  small  graaeea  have  been  made, 
ud  all  harreetod  aad  protected  save  corn.  The  latUr  baa  in  all 
Inatantea  matured,  and  only  awaits  the  eonvenience  of  the  planten 
to  hanreat. 

Inwaa  to  tarr  Qmnaii.— Oae  hundred  and  twelve  r<fpoo«ea  report 
saiMilii  latw,  64  deady  wwtkar,  60  gcDcrallr  cold,  64  oold  alKbu,  9  ywj 
4r7  waailbcr,  46  fevotabla  weather. 

Aiifwaa  TO  Sieon  Qmnos.— 130  report  the  cotton  plant  rmlUnc  w«D,  30 
Mt  wdl.  IM  rnwt  'hr  piaM  i«Ulnln(  the  fmll,  87  (kaddbic  •erioaalj. 

Amwaa  to  Tano  Quavnoii.— IM  report  tb*  crop*  well  cnlllTaied,  6  not, 
ttB  rapart  better  eropa  ihaa  la  U7i,  t«  equl,  I  aoC  to  giod,  aallmaled  averace, 
a  par  caMbcttar;*!  report  bottoaacTowth  oaly  cood,  67  bottom  aad  aMdle 
gfowtb  leod,  8i  raport  top  crap  TOT7  Haht  ud  aiiKlBC  too  I 
fattaapowth ttMag lartoaaly,  7  nriam 

AaaWBS  to  rovant  Qcaanos— 6  report  jMtaa  corameaced;  all 
U  will  not  tscosia  ceaatal  aatU  tha  aierac*,  aiatllirr  13. 
AKtwn  TO  Trrm  Qcb>tioii.— Maeh  tpeeaMtre  appreh«n»len  U  eipcaaaad 
e(B>d  to  Iba  praavt  critical  eoMtltioa  af  Iha  eoltoa  crop,  whieb  to  ir*B*- 
rdalaMd 


mach  weed,  t  report 
t  of  rait.  74  r^ort  pac- 


ia  rc(Bfd  to  iba  pcaaiBt  critical  aoadltioa 

•rih  clilawd  to  ba  two  or  tbrw  areelu  liter  thaa  anal  lu  lazonaat  (nwth 
MT raqalre  ao  imaMagfr  laM  fTost  and  aolaaa  trj,  wtm  wcaiber  iMeecda. 
aaal  daacer  of  the  boctoa  crewtb  rotUng  la  tba  low  landa  wbara  Ike  growth 
M  alreadj  to  deaa*  a«  to  excTada  both  (on  aad  air. 

In  regard  to  the  damage  by  the  overflow  the  eommlttee  add  : 
We  have  beea  Baabto  to  obtain  any  definite  information.  In  moat 
mmm  oar  eonrnuomlmmtt  la  the  overflowed  dlatrict  have  been  ao 
trrerwbeliaed  Willi  their  ewB  airea  that  they  w.  re  unprepared, 
•od  Bome  were  aowilllog  to  make  dednlte  reaponaee.  That  jm 
great  damage  on  plaoutTona  tabject  to  the  inflaencea  of  the 
W  tk«  Mladsalppl  river  haa  occurred  will  not  admit  of  a  donbt. 
Whaa  tba  eettaai  datioyad,  and  tbat  partially  deatroved  by  back- 
water and  ataodlog  rain  water,  is  conaidaitd.  we  condode  that  the 
damage  will  not  fall  short  of  sixty  tbotuMod  b*la«. 

N«rfelk  *Bd  PortsMooth  DepArtaeit. 

Tha  Kocfolk  Oottaa  behaac*  (O.  8.  lUjmM;  Ata  BlcRs, 
Onady,  Jr.,  Oiiawilliif  oalafcrmailoa  >ad  tMdMicsl  ' 


GnwjTT  Bags,  Bagoino,  &c.— Bagging  has  been  in  moderate 
demand  during  the  past  week,  and  we  hear  of  sales  of  about 
2,000  rolls  here  at  13J'§14c.,  and  1.000  in  Boston  at  13|c.  The 
demand  still  continues,  and  a  fair  amount  of  orders  are  in  hand 
to  be  filled,  tbe  market  closing  firm  at  13}(ai4c.  Bales  are  dull 
and  nominal.  A  small  sale  of  Borneo  in  Boston  was  reported  at 
ISJc  India,  no  sales.  Bags  are  quiet,  and  prices  are  nominally 
quoted  at  13c  for  440s.  Juto  Butts  have  been  in  moderate  de- 
mand and  smill  sales  are  making.  Holders  are  steady  a*,  the 
price  named,  and  quote  3  1  16c  with  sales  of  large  lots  to  arriyet 
The  market  closes  firm  at  333  l-16c. 

ViscBUi  StjppLY  OF  Cotton  as  Mads  of  bt  Cabi,e  and  Tkub 
aaAFH. — Below  we  give  our  table  of  visible  supply,  as  made  up 
by  eable  and  telegraph  to-night.  The  continental  stocks  are  the 
flgurea  of  last  Saturday,  but  the  totals  for  Great  Britain  and  the 
afloat  for  the  Continent  are  this  week's  returns,  and  consequently 
broa^ht  down  to  Thursday  evening  ;  hence  to  make  the  totals  the 
eomplete  figures  for  to-night  (Aug.  27),  we  add  the  item  of 
eiporta  from  the  United  States,  including  in  it  tbe  exports  of 
Friday  only. 

1875. 

Stoekat  Uvanool 875.000 

Block  at  Loadaa 71.«50 


^awKiT*^"*"-"- 


tad  C.  W. 
tba  lei*.' 


Wllkaa.   CaMwall.    Almaiw, 


Ltaeeta.  tkuwtw.   

Davie.    Foraythi^  Tattta 
OfaaTlllr.  Wairai 


BMbtMta^  Cbnrall. 


repit**  ftaa  JCorlh  CaroHaa  report 

n*aa«  baUt;  n  r^taa  rsparteei- 

Lbet  aboMlac  tnn  ezeaaana  niaa,   *nr»m  pom  y\i. 
as ft«llta«wai.  atd  retatatagNi Siaaraa aM bods. 


:owtac 

ItwUa.  Baika, 
jua,  Mokaa,   trnnr, 

.  . . 'airaa.  VraakUa.  Maah.  Wake, 

Byda,  mt.  Qfaea,  Outum,  Onvaa,  Beaafort.  Trrnl.  Wssbliialwi.  Manln. 
•artla^  Okowaa.  rMqaataak,  OMdan.  Carrltask,  QMM,  HtrtM,  Mcrihaap 
Isa  aad  Halifax. 

Kartk  C«r*liaa.— CoadMsed  froa  5S  lapliaa  fro«  M  OMatlsii 
TIrglala.    Osada— eJ  from  6  replies  Cm  8  eooatiesL 

Ajiawta  TO  riser  Qvaanoa.— 16  replica  fteai  Korth  Cbroltaa  report 
waalharaa  very  IbfOfabU;  tS  rvpllea  rrport  aiathar  h  vaty  k<afabU  lo 
AacaM  S,  aiac*  Ibaa  toe  aacfe  lala ;  17  rrpH*  laewt  waatbar  *a  Uo  wet. 
kavlag  had  rala  akMM  (vary  day.  6  replica  fesas  Tbgtala  report  wthir  *a 
vary  nvocabte. 

Ajnwas  TO  Baoont  Qcaanua.— 36 

«e«Ma  aa  balilaB  wali.  rMdalM  Us  aqoi ..     ,       __. 

laa  aatamas  wait,  bet  abaddlMtnMi  ezeaaanaiaiaa   6  r«aU*a  fioas  Vlr- 

^     "         lnit^wm.md  retatatagnssmaraaaMbods. 

_ , aiwiw,    a  lapllea  tiesTlleWb  Oaiollaa  laoort  aea 

4Maa fsad. aadiiauiy  lailaaMi  mach  bettar  Itea  laai  rmr;  n^rapilea 
WftaaadMaaaetaaeeedaalsatyaar.  6  rMHaa  ftna  Vlrgtala  rapoft  eoa- 
«tloafloed.aadbstMSaiilBa6y«w.  ^^ 

_J»rfm  le  Ttoww  (^wmsii.--An  reply  tMjNrasSyat^iiiiwsiisjiil.    4* 

wpUaarapcfttaearalptsMMTr  m?»ip»—>sr  le  taTOdobg.  Sl«|il«a 
tnm  VIritala  report  ^MraTaMilsgfran  IMh  Is  IMk  •avsaabw. 

AaawBB  TO  nrni  qiTsama.  ifiapllea  tnm  Martk  OkieHaa  itaU  tiMt 
th*r  do  act  baow  al  aay ;  SrHHasiepoct  tha  aapasnaeeaf  rest  aad  laaa  rat 
la  <  ba  bollt.    6  rvpl  laa  6m  Vftglala  iUU  that  tti^do  BOt  know  of  aey. 

BOMBAT  SKIFM  Birrs  —Aceordiag  to  ear  sable  despateb  raeelrsd 
lo^iay,  there  have  beea  4,000  b«l<-«  shipped  from  Bombay  to 
Great  Britain  lbs  past  week,  and  2.000  bales  to  the  Contineat, 
while  there  hava  bee*  a*  faeeipta  at  Bombay  duribg  tbe  same 
time.  Tlte  msrswast  slass  the  first  of  January  la  aa  follow*. 
Tbeae  are  tbe  flgarce  of  W.  Nieol  k  Co.,  of  Bombay,  aad  are 
broaght  down  to  Tbarsday,  Ang.  20  : 

.-aaipaaeaia  tkia  waak-.    ^SkipaeaUMaae  Jaa.  I-. 
Oraat       Cea-  Or'al       Oaa- 

arliaia.  Uaaat.  Talal.      Bnujn.  Uaeat.     Tataj. 

WIS 4,oos     9.000     u»    naoco  4aMis  i.tsiooo 

MM 1.000       l;B0B     TTXflOO    ST 

IBIS 1,000         ....        MOB-    ISt^MO    1* 


Total  Qraat  Britain  stock 946,950 

BlockatHavre 191,000 

Stock  ct  HUnetllea 6,000 

Stock  ai  Baredona 76,750 

Block  at  Baabaqt 11,950 

BleekatniiMan 16,950 

Stock  at  AaMardam 41,153 

Black  at  Rottafdam 9,760 

Stock  at  Aatwerp 4,000 

Block  at  olhar  ooayaantal  porta 19,000 

Total  oontliMBtal  porU 319,130 

TMal  Barapaaa  stocks 1,SH,900 

ladlaaetlaaaaoatror  Rarope 441,900 

Aaaarleaa  eoUoa  afloat  for  Earope  16,000 

Inrpt.  Bcaall,  Ac.  afloat  for  Eoropa 88,000 

Mock  la  United  SUlaa  porta 76,713 

•ladk la Uallad Butas  interior  porU  ...  7,957 

Oaltad  BUtaa  azporti  to  day 1,000 

Total  vlaihUsapply hales.  1,915.459 


in4. 

lara. 

870,000 

776,000 

110,000 

109,000 

980,000 

959,000 

16l,tS0 

141,500 

15,000 

13.500 

61,150 

41,750 

97,000 

33.000 

46.500 

48,606 

U,000 

101,000 

94,750 

80.750 

11,500 

98,960 

35,000 

75,000 

477,950 

518,950 

],457.960 

1,479.950 

437.000 

844.000 

49.000 

69,500 

38.000 

60,000 

108,440 

100,147 

19,917 

14,101 

1,000 

9,000 

9,105,607 


9,059,093 


Of  UM  ahovcL  tba  totals  of  Amancao  and  other  descriptions  are  as  fol- 


Uvarpeol  stock. 


Aasrieaasleatio  Boropa 

Ualtsd  Blalas  Mack 

Ualtad  Btalas  Interior  atoeka. . 
Uallad  Btatsa  ezpoiU  to-day  .. 


Total  Aaarlaaa. 


.bales.     765,969 


415.000 

71,930 

181,950 

441,000 

■gypt,  BiaaU,  Ac,  afloat 18,000 


iBdIa  adoM  for  larapa. . 


lMalBMltedla,M. 


t.I4B,S0O 


313,000 

190,000 

948,000 

911,000 

49,0QS 

59,600 

103,440 

100,947 

19.917 

14.101 

1.300 

9,000 

761,357 

689,8a 

597,000 

487.000 

iio.ora 

909.000 

934.990 

189,950 

439,000 

144,000 

38.000 

60,000 

1,841.960 

1,361,160 

761,357 

689,848 

9,105.W7 

9,061,098 

SHi. 

8«d. 

to  ferocetag  IS  woald  appaar  tkat,  eomparad  with  laat 
ysar,  tboro  is  a  farrsass  of  S/MX)  bales  this  year  la  the  weck'a 
abipaMats  froa  Bombay  la  Earope,  aad  Ibal  the  total  movement 
riaesJasBary  1  shows  an  inerfiux  in  shlpaienla  of  M.OOO  bales 
compared  with  the  eorreapondiog  period  of  1874 

Oar  cable  dispatch  to-algfat  sutee  that  tbe  rainfall  ia 
4Mrieta  is  very  defleient,  aad  tbat  harm  to  eottoa  has 
Ib  bsiag  doaa  by  tha  dry  weather. 

Caor  BBAscnr  cm  iSW.— In  oar  cditotW  eoiomaa  will  be  ttmi 
a  oommaaicaiiHi  from  a  "CoMoa  B|Mlker"  setting  oat  tbe 
nrraaadiag*  of  tbe  crop  of  1889  aad  dMiparlag  them  with  the 
aarroaadlaga  of  tbe  preasat  crop.  WItboat  eadoialag  bts  eoa- 
dastoas,  the  faeu  aa  to  eoaditioo  in  18W  are  of  intereot  to  all. 
and  each  reader  can  make  bis  own  comparisooa. 

—Tbe  Savannah  AdMrtlttr  aays  that  "two  Warreoton  (Oa.) 
"girls,  with  their  own  hands,  riant,  cultivate,  and  irather  a  cotton 
"crop  of  six  or  seven  balee  each  year,  whirh,  tog--tber  with  their 
*  grain  crop  and  stock,  feed  and  clothe  tbem  liaodaomely,  and 
'  leave  tbem  a  eaoh  sarplaa  of  |2»  or  $800." 

Tbia  assy  roataia  a  taggsatioa  to  some  yoaag  mea  not  afraid  to 
work,  who  are  lounging  about  our  Northern  eitiee  jnat  now.  We 
do  Dot  mean,  marry  the  girla— they  are  loo  clever  for  that,  thkv 
woold  aot  baveyoq— bat  Imitate  them.  There  are  many  uncof- 
ilTatad  sere*  la  tbe  Sooth  eapable  of  prodadog  similar  resnlts. 
Ia  fact,  there  is  bo  section  of  tbe  norld  which  to  day  holda  out 
•oeh  promise*  to  the  laithfal  worker.    Try  It 


Total  vislMssapply ..bales.  1,915.469 

Price  Mlddltac  UpUada.  Liverpool 7  3-16d. 

Thae*  figoma  Indicate  a  tf««r«as«  in  tha  cotton  in  sight  to- 
algbt,  of  190,139  bales  aa  compared  with  the  same  date  of  1874, 
aad  adssrwM*  of  180,836  bales  as  compared  with  the  correspond- 
lag  dau  of  1878. 

MovaMK.NT*  OF  COTTON  AT  THB  INTKRIOR  PORTS.— Below  we 
give  the  moreuienta  of  cotton  at  the  interior  ports — receipts  and 
abipmen*s  for  the  week,  and  stock  to-night,  and  for  the  corre- 
apoodiag  week  of  1874 : 

,-Weak  ending  Ang.  97,  '76-, ,— Week  endtn);  Aag.  18,  '74.-« 
Saeetpts.  ghlpmeots.  Stock.  Reeclpta.  Shipments.  Stock. 


dscaita 

67 

r 

so 

149 
51 

Its 

15  • 

443 
41 
10 
38 

ITS 

MS 

706 

66 

116 
91 
63 
35 

351 
137 

786 
90 

194 
63 

510 

777 
1,963 

E86 
60S 
466 

485 
181 

9,680 
1.956 

7,957 

59 

375 

968 

i,r4 

1,911 

.336 
147 
53 
38 
40 
867 
98 

999 
B3 

16 
114 

478 

661 
1,640 

409 
166 
69 

53 

16 

176 

173 

:,i3« 

63 
99 

105 
886 

1.123 
9,857 

6,064 

fMoabos,    , 

997 

Haaoa 

1,968 

5(laa      

666 

604 

■■aphis 

6,381 

ihsfevUI* 

3,411 

Total,  old. 

Aliaata. 

BcLeola. 

19,917 

343 

617 

9,909 

6,184 

Total,  aew 

Tolal.all 

10,058 
19,970 

The  above  totals  show  that  ths  old  Interior  stocks  bavetr»«r«a««({ 
daring  the  week  603  bales,  and  are  to-night  12,fi'!0  bales  f«M 
than  at  the  aame  period  last  year.  Tbe  receipts  have  been  55ft 
bale*  Um  than  the  same  week  last  year. 


212 


iTHE   CHRONICLE 


[August  28, 1875. 


The  exports  of  cotton  this  week  from  New  York  show  a 
decrease,  as  compared  with  last  week,  the  total  reaching  3,293 
bales,  a^rainst  3,019  bales  last  week.  Below  we  give  our  usual 
table  showing  the  exports  of  cotton  from  New  York,  and  their 
direction  for  each  of  the  last  four  weeks ;  also  the  total  ex- 
ports and  direction  since  Sept.  1, 1874;  and  in  the  last  column 
the  total  for  the  same  period  of  the  previous  year. 
Bzports  ot  Cotton(bale»)  n-om  New  YorK  alnceSept.!.  18T4 


■ZTOBTBD  TO 


Liverpool 

other  British  Ports. 


WSIK  HHDins 


Aag. 
4. 


695 


Total  to  Gt.  Britain 


Havre 

Other  French  ports. 

Total  FrBnch.. 


Bremen  and  Hanover. 

Hambarg 

Other  ports 


Total  to  N.  Europe, 

Spaln,Oporto&Qlbraltar&c 
Ail  others . . .  ■ 


Total  Spain,  Slc. 
erand  Total.... 


695 


80O 


800 


Ang. 
11. 


M 


Aug. 
18. 


1,380 


Ang. 
ii. 


Total 

to 
date. 


K 


11 
634 


635 


1,495 


661 


1,880 
a,691 


3,esi 


48 
900 


948 


8,605 


2,605 
193 


196 
490 


490 


368,864 
7,033 


Same 
period 
prev'os 

year. 


375,891 
15,137 


3,893 


15,137 

83,686 
18,881 
11,363 

53,330 

10 
65 


65 


444,429 


443,488 


413,488 
7,027 

i.roi 


The  following  table  will  show  the  dally  closing  prices  of  cotton  tor  the  week: 
»»tur.         Mon.  Toes.    Wednes.       Thurs.  Frl. 

llld'g Uplands.  ©7  1-16  ..®7«  ..®7)f         7X  ..©7  8-16    ..07  ?-lS 

do    Orleans..  @7>i        ..®7  7-16    ..®7  7-16    7  7-16     ..&;h  ..®7X 


8,7*8 

50,561 
4,043 
3,838 

85 
8,647 


8,678 


482,730 


The  following  are  the  receipts  of  cotton  at  New  York,  Boston, 
biladelphiaand  Baltimore  for  the  last  week,  and  since  Sept.1,'74  : 


biob'tb  tbom- 


This 
week. 


Since 
Sept  1. 


New  Orleans.. 

Texas 

Savannah 

Mobile 

Florida 

8'th  Carolina 
jrth  Carolina. 

Virginia 

Korth'rn  Porte 
Tennessee,  &c 
Foreign 


641 

763 

2 


41 
5 

58 

'314 
38 


Total  this  year 
Total  last  year.l 


1,756 


3,850 


114,866 

68,195 

110,152; 

1,8701 

5,509 

113.623 

59,756 

151,6l8i 

13,360; 

158,054 

8,277 

'804,700i 

971,5701 


This 
week. 


Since 
Sept.1. 


3 

1,135 

3 


1,141 


1,655 


35.377 
16,793 
42,170 
80,788 

6! 

73,625 

74,018 

39,330 

159 

325,265 

845,211 


FHU.ADELF'IA 


This 
week. 


Since 
Sept.1. 

6,916 
4,184 
15,816 


87 


5,793 


38,161 


BALTIHOBI. 


This 
week. 


10 


Since 
Sept.1. 


399 

7 

118 


63,870 


37 


610    43.68911 


18,775 


12,850 
18,926 
61,820 

a'isi 


613 


120,503 
l;  8,688 


Shipping  News. — The  exports  of  cotton  from  the  United  States 
the  past  week,  as  per  latest  mail  returns,  have  reached  3,348 
bales.  So  far  as  the  Southern  ports  are  concerned,  these  are  the 
same  exports  reported  by  telegraph, and  published  in  TheChboN. 
ICLB  last  Friday,  except  Galveston,  and  the  figures  for  that  port 
are  the  exports  for  two  weeks  back.  With  re;?ard  to  New  York, 
we  include  the  manifests  of  all  vessels  cleared  up  to  Wednesday 
night  of  thin  week.  Total  bales. 

Rbw  YoBK— To  Liverpool,  per  steamers  Donali,  274... .Adriatic,  3^ 
Wyomine,  800. ...Algeria,  400. ...per  ships  Alex.  Marshall,  1,000 

....Antarctic.  783 *.jg^ 

To  Havre,  per  Bteamer  France,  198 "^ 

To  Bremun,  per  steamer  Neckar,  490 490 

Baltimore— To  Liverpool,  per  steamer  Caspian,  55 »» 

Total ^'^*^ 

Ther)»rtlcalarsot  these  shipuieots, arranged  In  our  usual  form 

»re  as  follows:  „  „ 

Liverpool.    Havre.     Bremen. 

New  York 2,605  198  490 

Baltimore 55 


BRE  ADSTUFFS. 

Fbidat.  p.  M„  August  87,  I87S. 
We  have  had  a  comparatively  tame  market  for  flour  in  the  past 
week.  There  has  been  a  moderate  business  for  export  at  |6  70@7 
for  the  highest  grades  from  spring  wheat  and  |5  80(g6  for  the 
regular  shipping  extras,  with  No.  3  as  low  as  f  4,  but  yesterday 
holders  were  inclined  to  ask  more  money,  which  checked  businesa- 
The  higher  grades  of  flour  have  been  quite  dull.  Rye  flour  has 
further  declined.  Corn  meat  at  a  slight  reduction  sold  on 
Wednesday  to  the  extent  of  several  thousand  barrels.  To-day, 
the  market  was  firm  but  quiet. 

The  wheat  market  was  quite  dull,  until  Wednesday,  when  lower 
ocean  freights,  and  some  renewal  of  speculative  action,  caused  an 
advance  in  prices.  The  old  crop  of  winter  wheat,  however,  was 
closed  out  at  some  decline,  selling  at  f  1  45  for  cargoes  in  store,  as 
well  as  afloat.  Yesterday,  there  was  an  active  demand  for  No.  1 
spring  at  |1  47  in  store  and  $1  48  afloat  and  September  delivery- 
No.  3  Milwaukee  has  sold  for  Sept.  at  $1  37i@l  S8i.  Yesterday, 
new  amber  Delaware  sold  part  for  arrival  at  $1  48,  but  No.  3 
Chicago  was  quite  neglected.  With  reference  to  the  new  crop  it 
seems  to  be  admitted  that  winter  wheat  is  in  a  wide  district 
deficient  in  quantity  and  quality,  but  spring  wheat  is  a  full  aver- 
age^ield,  and  has  been  secured  in  good  condition.  To-day,  the 
market  was  firm  for  fine  reds,  and  the  sales  included  50,000  bushels 
No.  3  Milwaukee  to  arrive  from  the  canal  «t  $1  38. 

Indian  corn  has  further  advanced  3@3c.  per  bushel.  Lower 
ocean  freights  have  stimulated  the  export  demand,  and  reports  of 
frost  in  the  Northwest  caused  some  revival  of  speculation.  The 
export  demand  has  been  mainly  at  83@85c.  for  fair  to  prime 
steam  and  sail  mixed.  To-day,  the  market  was  Ic.  lower  and 
dull. 

Rye  has  been  depressed,  with  a  considerable  parcel  of  prime 
new  State  sold  at  $1  03.  Barley  has  remained  unsettled  and 
nominal.  The  new  crop  is  believed  to  be  large.  In  the  North- 
west and  in  Canada  it  has  been  secured  in  good  condition,  but  in 
this  State  a  part  has  been  stained.  Canada  peas  have  remained 
entirely  nominal. 

Oats  have  been  declining  under  a  pressure  to  sell.  Receipts  of 
the  new  crop  at  the  West  have  been  large.  Yesterday,  No.  2 
Cliicago  sold  at  61@63c.  in  store  and  afloat.  To-day,  there  was  a 
further  decline  of  Ic,  and  a  moderate  business. 

The  break  in  the  Eastern  division  of  the  Erie  Canal  noted  last 
week   has   been   repaired.     Boats    began   moving    eastward    on 
Wednesday  morning,  and  the  supplies  of  grain  at  this  market  for 
the  coming  week  promise  to  be  large. 
The  following  are  closing  quotations  : 
Floue.  I 

No.8 «  bbi.|4  10®  4  70 

Superfine  State  &  West- 


Total. 

3,293 

55 


193 


490 


3,348 


Totol 2.660 

Below  we  give  all  news  received  to  date  of  disasters,  &c.,  to 

Tessels  carrying  cotton  from  United  States  ports  : 

■HiAOAB*  ship  —The  Liverpool  Salvage  Association  reports  that  the  wrecked 

hull  of  the  Niagara  and  material  were  sold  at  Holyhead  for  £182,  Ihe 

purchaser  to  save  remaining  cotton  at  30  per  cent,  delivered  at  railway, 

Holyhead.  .  ^  .,  .        »t       ^  ,  i 

AniLlA  CAitLETON,  bark,  Bowers,  nt  Boston  August  23  from  New  Orleans, 

85:50,  had  a  squall   from  WSW., 


Gbaix. 

Wheat^-No.3ipring,  bnsh.tl  22®  1  27 

So.  8spriiig 1343  139 

No.  1  spring 1  46®  1  48 

Hed  Western 1  42®  1  45 

Amber  do 1  46®  1  47 

White '  ^  '  S? 

Corn-Westernmlied...        78®     81 

White  Western 85®      88 

Yellow  Western 82®     84 

Sonthern, yellow 9  :':.l 

Rye 90®  1  05 

Oats— Black ®  •■•• 

Miied 69®      61 

White    62®     66 

Barley— Western ®  •••- 

Canada  West 1  25®  1  30 

State 1  1°®  l^ 

Peas— Canada 1  18®  1  ^Q 


reports  August  1  in  lat.  83:50,  Ion. 
during  which  a  suit  of  sails  blew  away. 
Cotton  freights  the  past  week  have  been  as  follows  : 


-Llverpool.- 


Steam.  "    Sail. 

d.  d. 

Saturday @X  ■■@^ 

Monday ®3i  ..®X 

Tuesday ®H  ...®Jf 

Wednesday    ..@)i  ..®X 

Thursday..     ..@!<  ..®X 

Friday @Jf  ..a3i 

Liverpool,    Aug.  27.-4 


-Havre.— < 
Steam.  SaU. 
c.        c. 
11-16 
11-16 
11-16 
11-16 
11-16 
11-16 
M, 


P. 


By 


Bremen. 
Steam.     Sail 
c.  c. 

>^comp. 
>}comp. 
iicomp. 
Xcomp. 
^comp. 
^jicomp. 

Cable 


Hamburg.-^ 
Steam.    Sail, 
c.  c. 

Scomp.  .. 
Xcomp.  .. 
^comp.  . . 
Kcomp,  .. 
ficomp.  .. 
Xcomp.    .. 

FROM    LrVKR- 


POOL.— The  market  opened  strong  and  closed  firm  today.     Sales 

of  the  day  were  15,000  bales,  of  which  .3,000  bales  were  for 
export  and  speculation.  Of  to-day's  sales  9,000  bales  were 
American.    The  weekly  movement  is  given  as  follows  : 

Aug.  6.  Aug.  13. 

Salesof  theweek bales.    6',i,000  63.000 

Forwarded 2,000  3,000 

of  which  exporters  took 13,000  11,000 

of  which  speculators  took 5.000  4,000 

Total  stock 959,000  934.000 

of  which  American 55.J.000  524  000 

Total  import  of  the  week 1:),000  47,000 

of  which  American 5.000  7,000 

Actualexport 13,000  15,000 

Amount  alloat 401000  335,000 

of  which  American 36,000  21,000 


Aug.  20. 

Aug.  87. 

69,000 

88,000 

2,000 

2,000 

10,000 

18,000 

3,000 

6,000 

887,000 

875,000 

495.000 

460.000 

23,000 

67,000 

7,000 

8,006 

14,000 

13,000 

358,000 

312,000 

14.000 

9,000 

ern 5  OOa  5  50 

Extra  State,  Ac 5  90©  6  20 

Western  Spring   Wheal 

extras 5  80®  6  30 

doXXandXXX 6  40®  7  40 

do  winter  wheat  X  and 

XX  6  2t®  8  25 

Chty shipping  extras..  ..     6  OO®  6  85 
City    trade  and  family 

brands 7  003  8  00 

Southern  bakers'  and  fa- 

mllyDrands,     7  253  8  40 

Southern  shlpp'g  extras. .    6  40®  7  10 

Bye  flour,  superfine 6  40,3  5  85 

Cornmeal- Western,  &c.    3  70®  4  20 
Corn  meal— Br'wine.  &c.    4  65®  4  70  . 

The  movement  in  breadstuffs  at  this  market  has  been  as  fol- 
lows : 

, BBOEIPTSAT  NKW  TOBK ^— BXP0BT8  rBOK  NBW  TOBK. . 

, 1876. ,        Since    . 1875. ,     . 1874.- . 

For  the     Since         Jan.     For  tie     Since     For  the      Since 
week.      Jan.l.       1,  !?74.     week.     Jan.!. 
53.548    8,168,119    8,554,646      38,213    1,809,247 
1,711         8«,401        138,353        3.418       11.3.516 
634  149  17,153.942  27,348,334  l,154,OR5  16.88.3,885 
402,607  13,71X3,739  21,874,686    267,169    7,771,8?6 
6  544       103.010       446,610        8,321        145,798 
36,0,37    1,210,005       727,318  ....  110 

,„ 3J,810    5.190,802    6,393,818       4,023        81,i63 

■iFhe  following  tables  show  the  Grain  in  sight  and  the  move- 
ment of  Breadstufl's  to  the  latest  mail  dates  : 

BECBIPTS   AT  LAKE  AND  RIVER  PORTS  FOR  THE  WEEK  BNDIHa 
AUGUST  31,  1875,  AND  FROM  AUGUST  1  TO  AUGUST  21  : 

Flour.     Wheat.         Corn.         Oats.      Barley,        Kye, 
bbls        bush.  bush.        bush.       bush.     ,,  h"3h . 

(Mlbs.)  (56  1hs..>  (32  lbs.)  (48  lbs.)  (56Jb9.) 
895,100 
811,4.'>8 
143.967 
193.798 
40,600 
291,201 
5,790 


Flour,  bbls. 
0.  meal.  **  . 
Wheat,  bus. 
Corn,  "  . 
Rye,  "  . 
Barley.  '  . 
Oats. 


week.      Jan. 1. 

53,7S6    1,454,017 

2,312        129,972 

756.590  24,921,840 

422,760  15,067,236 

532,7.38 

3,000  3,000 

760         75,796 


At-  (196  lbs.) 

Chicago..,.-"— .~-  25.810 

Milwaukee 24,167 

Toledo 1,197 

Detroit 7,643 

Cleveland 3,187* 

8t.  Louis 15,617 

Peoria 2,200 

Duluth S,,'iO0* 


782,740 

3'J2,391 

16,760 

79,180 

97,813 

42,688 

2,9I>5 

18,777 

8,700 

83,950 

88,605 

355,640 

301,080 

150,300 

19,0-24 
15,874 


549 


196 
4,210 


85,314 

4,307 

1,029 

158 

is^iis 

37,950 


Total., 


83,386 


1,199,356'   1,895,563    1,062,926       39,893       83,901 


r0mm 


HUNT'S    MERCHANTS'    MAGAZINE, 

BEPRESENTnfO   THE    INDUSTRIAL   AND  COMMERCIAL.  INTERESTI    3F  THE  ITNITED  STATES, 


k 


VOL.  2L 


SATURDAY,  SEPTEMBER  4,  1875. 


NO.  532. 


CONTEMT*. 


TBS  CBROinCXJL 
to    B«TtT«    Acricaltanl  i  Ptnudal  Bertow  of  AocoM.... 

Cndn ns    Th«D«btSuUBMl(orAagait, 

Tim   Debt  StUMMBt  ia«   th»  |      \M .. 

c<biB*lwe* ...      USl  L«uMlloa«tti7aa4O0BaMreUl 

Did   tta  Ww  UantiM  CtaM  I     iMdUhKtw* 

BMiMMAairHr' tlT  I  OoaSiKtol  tad   MImxOuwu 

Buk DtfMMn*  K«p«MlMUtsr.      Im|     N««t 

THB  BAMLUM-  QAZITTl. 


Baaka.  MC. 


loacT  IbfkM.  C.  8.  SwariUaa, 
Ballwar  Stodta.  Gold  Markal. 
F<>r*«ca  Barhaaga.  W«w  Tf ^ 
CItT    Baakt.  Boatoa    P 
PBOadalVkte  BUkiw  !•< 

TBX  OOMJfBKUIAL  TIIUB. 

tBI  ntyQidBi.... 

t»    PrlnaCUfOt 


Uaoutloaa  of  Stsck*  aad  Boada 
New  Tark  Local  8«<«r1tl«a...  . 
iDTptaaat  aad  8uu.  City  aad 


n9 


ta 


St)e  ^t)tontclf. 

Tib  OoiannctAi.  amd  Piuamcial  Cbboniclb  it  fwmrf  tmSmtmr- 
dai/  Morning,  mith  (A«  laUMt  imim  yp  to  a«t4iMf  Al  •/  mdmg. 


Tsmas  or  •naoupnoK-rATABU  u  adtavo. 

Taa  CoaaaacuL  aso  PniAaeiAi.  CaaoaMI^  iaIliMiil  by  amar  to  dty 
a«baa<kan.  aad  Ballad  to  aB  atkaia: 

For  Oa«  Tear  (ladadlacpoatac*) tW  •) 

I  wtB  ba  Baftdaaad  laUl  a*i«M4  ilO|iVii  l|r  a  «r«fa 
raMiMeca  aiaaal  ba  taapaaalMa  Dor 
m  Paat-OflcaVaMyOrlan, 
A<TTtto  ■■—■■. 
Tiaaalaat  adiBllamaali  an   poMttliad  at  ■  aaMa  rm  Maa  far  tmk 
t— wtloa.  bat  «baa  dalalta  ■d«t  an  ct««  Iw  tfai,  ar  Bai%  laallw.  a 


ItbentdiaanalU  aadoL  Ke  aaaalaaof  cmBwbii  pabHcaUoa  la  Ua  boat 
■la«aaa»baBlTaa.iaan  ad<iWaaifa«t  bwa  aaaal  oaportaalMaai  Bwalal 
llotlaMlaBaaklac  aad  flaaachl  eoloaoltaaMpar  Uaa,  each  laaacttaT^ 


■••■dOM 

Tba  Loadoa  oflca  Of  Ik*  Cnomcu  li  at  Itobt  AaaOa  Prlaia,  Old  Braad 


ttnt.  wbara  •abaolpUoaa  ■••  laaaa  >i  tb* 

tabacHada*  la  tba  Obnalele  (bMMIv 
Iba'taWHr*  " 


Six 
jon  a.  ru>Ti>.  jm.  f 


».... 


79  ud  tl  WUllaa  Si 

Poat  Omra 


»!.  PaMiabai% 
trwL  NBW  TOIK. 
ira  Box  4  Mt. 


•  (  poMacaaa  Ibai 


I  to  I* 


B^A  aaal  dla  aaiai  la  IMalibad  at  Nan 
eaaf     VoiBMabeaadfarMbHrfbanat  tlM. 

t'  '  Aaa»tMa«a«a«  ibaOaaaaiiui.  a»»  fWMMtu.  CMaaaaa-a    Jaly 
IMA.  I'   iaia-A*  Ibr  aia  at  Ika  aSca.    Alaa  aw  tatof  Bntr'*" 
MiaAXiaa.  MM  l«  un,  itst^dna  TolaaMa. 


■VTlM  BaalMM  [>«fMJtm«al  of  the  i  _ 
Taascld  Idirmu  Ib  Mfw  Yorb  Clir  l<7  Mr.  1 


low  TO  RRTIVE  AUICl'LTUtAL  CREDIT. 
A  foreign  oapitaliat  who  U  making  %  vuiit  to  this 
oonntiy  wiabcB  u  to  explain  how  it  happens  that  there 
is  BO  much  difficnity  in  England  in  getting  trustworthy 
fadlittea  for  making  loans  on  real  cetate  mortgages  in  the 
United  Sutea.  In  reply  we  can  scaredy  do  better  than 
refer  him  to  the  report  which  has  just  been  made  to  the 
British  House  of  Commons  by  the  Committee  on  Foreign 
I^Mun.  That  docnment  dcttcribeB  fnlly  some  important 
facta  of  recent  occnrrence,  and  shows  what  sort  of  men 
tbey  are  who  devote  themselves  to  the  task  of  giving 
each  information  aboat  foreign  eoantries  and  foreign 
inTsatnuota  as  onr  oorrfsponripnt  is  in  search  of.  We 
have  often  referred  to  the  fa<-i  that  our  Western  Sutes 
want  a  good  system  of  agrirnltnral  credit  resembling  the 
best  systems  estabUaiMd  on  the  continent  of  Enrope. 
We  should  bear  a  great  deal  less  of  the  greenback 
agitation  among  onr  intelligent  farmers  if  this  want 
were  supplied.     Onragricnltnre  wants  money.     Capit^ 


as  we  have  often  showed,  is  the  thing  for  want  of  which 
agricultural  enterprise  is  depressed  and  PufFering.  Our 
financial  system  is  very  fully  developed  on  it«f  commer- 
cial side,  as  is  proved  by  the  enormous,  and  partly 
unsound  extension  of  oar  banking  system  during  the 
last  dozen  years.  On  its  agricultural  side  our  financial 
system  has  received  less  than  itH  proper  growth.  If 
proof  were  wanted  of  this  statement  we  have  it  in  the 
fact  that  while  our  merchants  in  New  York  can  borrow 
for  sixty  days  at  two  per  cent  on  collaterals  and  at 
four  or  five  per  cent  on  bills,  our  farmers  in  Illinois, 
Iowa  and  Wisconsin  have  to  pay  10  per  ceyt  for  money 
on  bond  and  mortgAge.  Let  our  farmers  be  supplied 
with  a  sound  system  of  finance  which  shall  enable  them 
to  borrow  at  low  rates,  such  as  are  paid  in  France  and 
Germany  for  loans  on  mortgage,  and  we  shall  hear  of 
lees  sympathy  among  them  for  the  vagaries  of  paper 
money.  One  of  the  essential  conditions  for  the  founding 
of  such  an  organization  is  the  influx  of  foreign  capital 
into  this  country.  There  are  not  a  few  indications  in  the 
foreign  money  markets  that  capitalists  abroad  are  aware 
of  the  advantages  offered  to  capital  invested  m  bond  and 
mortgage  on  real  estate  in  this  country.  Hence  it  is  that 
the  inquiry  which  stands  at  the  head  of  this  article  is  One 
which  is  much  more  frequently  heard  now  than  formerly, 
and  a  number  of  mortgage  companies  have  sprung  up 
which  arc  partly  founded  on  foreign  capital. 

In  proposing  the  question,  we  referred  to  the  British 
Report  on  Foreign  Loans.  This  report  gives  abundant 
evidence  that  the  flow  of  capital  from  England  and  the 
Continent  has  been  checked  by  the  fact  that  an  untrust* 
worthy  class  of  men  have  monopolized  too  much  of  the 
business  of  dealing  in  foreign  securities.  We  have 
received  an  abstract  of  the  report,  and  it  is  easily  access- 
ible to  any  one  who  chooses  to  obtain  it.  We  do  not 
need,  therefore,  to  recapitulate  its  extraordinary  develop- 
memlfc...  "Bs  prevent  all  suspicion  of  prejudice  or  misrep- 
resentation, we  give  from  the  London  Economist  the 
subjoined  extract  about  one  of  the  transactions  of  which 
several  are  exposed  by  the  commissioners  : 

The  Committee  oo  Forel^  Loans  have  given  as  a  moat  admir- 
able blatorr  of  aoiBe  moel  A\mgrti)»ia\  traimactlons.  They  have 
■bown  that  little  Stated,  nearly  withniit  revenue,  were  able  to 
borrow  ImmeoM  luma  which  thejr  ooald  never  have  paid,  and 
which  Iber  never  meant  to  pay— that  they  borrowed  upon  pre- 
tanoea  which  tber  scarcely  even  attempted  to  make  good— that 
they  forced  theao  loans  upon  the  Englieh  market  by  clever  devlcee 
—and  what  la  more  extraordinary  than  all  that,  in  several  cane*, 
tbey.  the  borrowing  8Utee,  obtained  scarcely  any  of  the  money, 
becaaae  it  was  intercepted  by  the  peraona  who  (ramed  the  devices. 
Tboee  who  cheated  the  English  pnbllc  cheated  also— and  that 
upon  the  largest  scale— those  in  whose  names  »bey  borrowed. 
Thus  Honduraa  now  owes  for  principal  and  interest,  ou  account 
of  the  loans  of  1867,  £i;3'0.000  ;  on  account  ot  the  loans  of  1809 
£3  777  000-  on  account  of  tho  loans  of  1870,  £3,172.000.  Total 
*7>19,'000.'   Leaa  for  paymenU.  £691,000.    Net  total,  £6,687,000 


2l« 


--  Pff  .. . 


THE   (MRONICLE. 


[Septwnber  4,  1875. 


"In  reiuro  for  this  liability"  HooSuTaa  "has  peoOred  an 
abandoned  eection  of  a  line  of  railway  53  mile*  in  lengtb,  for 
which  the  contrnctorB  have  received  £689,000."  The  paymonte 
on  account  ot  interest,  and  in  discharge  of  the  bonds  drawn,  have 
been  wholly  made  out  of  the  proceeds  of  the  loans.  Honduras 
has  not  provided,  and  apparently  has  not  attempted  to  provide, 
any  funds  for  that  purpose.  In  fact,  this  little  State  could  no 
more  pay  this  debt  than  bhe  conld  fly.  All  those  who  lent  money 
to  htir  will  lose  every  sixpence  of  it.     And  bo  in  other  cases. 

The  committee  have  likewise  shown  the  manner  in  which  this 
wa«  done.     The  operations  were  of  three  kinds. 

First,  by  audacious  statements  as  to  the  resources  ot  the  bor- 
rowing State,  which  were  inserted  in  the  prospectus,  and  In  other 
ways  circulated  on  its  behalf.  This  needs  no  explanation  or 
remark,  for  puffs  of  this  sort  are  the  recogaized  mode  of  selling 
valueless  articles  at  high  prices.  . 

Secondly,  by  requesting  brokers  to  difeot  the  attention  ot  thpir 
friends  to  "  the  security,"  and  by  mak&g  it  worth  their  while  to 
do  so.  And  this  is  a  part  ot  the  subject  well  known  to  those  who 
have  really  attended  to  it,  but  whicli  Is  not  at  all  known  to  the 
simpler  part  of  the  investing  public.  A  great  many  persons  go 
to  their  broker  for  advice— expecting  not  only  instructive,  but 
disinterested  advice — and,  no  doubt,  there  are  high-olass  brokers 
who  give  it,  but  there  are  also  a  multitude  of  others  who  gi't  a 
higher  quid  pro  quo  for  recommending  that  which  is  bad  than 
that  which  is  good,  and  who  accordtngly  recommend  the  bad 
recklessly.  Among  the  latent  roguetiee  in  the  respectable 
classes,  this  is  one  of  the  most  insidioos.and  pernicious,  and  it  is 
hy  no  tneans  one  of  the  least  rare. 

Thirdly,  and  this  was  by  far  the  most  powerful  expedient,  the 
dealers  in  the  loan  made  a  price. 

That  is,  pretended  purchases  and  sales  were  made  at 
}iigh  prices.  Thus  we  see  that  these  despicable  adventurers 
resorted  to  the  arts  familiar  to  the  lowest  stock  jobbers  of 


this  country  during  the  mania  in  oil  stocks  and  mining 
stares  a  few  years  ago.  With  these  facts  before  ns,  we  need 
not  wonder  that  while  there  are  abundant  outlets  in  this 
country  and  among  other  foreign  nations  for  English 
capital,  the  brokers,  middle  men,  promoters  and  bankers 
who  monopolize  such  business  in  Lombard  street  and  at 
the  London  Stock  Exchange  have  played  such  tricks  as 
to  frighten  a, great  deal  of  capital  away  frbm  foreign 
securities  and  especially  from  American  investments. 
Mr.  Ivobert  Giffin,  in  his  admirable  essay  on  American 
railways  and  their  attractions  for  British  capital,  de- 
clares that,  with  the  exception  of  Erie,  Atlantic  & 
Great  Western  and  a  few  other  securities  of  noisome 
memory  and  evil  savor,  American  railroad  investments 
have  become  strange  and  almost  wholly  neglected  in 
England.  He  adds  that  a  better  spirit  is  beginning  to 
manifest  itself,  and  that  there  is  more  hope  for  the  future. 
The  progress  which  he  predicts  cannot,howevGr,be  realized 
to  any  great  extent  until  the  lower  class  of  dealers  cease 
to  have  so  much  control  over  the  London  dealings  in 
American  securities.  There  are  plenty  of  bankers  of 
the  first  class  in  Europe  who  deal  in  commercial  credits 
with  this  country.  What  we  want  is  a  financial  organi- 
zation of  equal  probity  and  efficiency  to  deal  in  a  different 
Class  of  credits  and  to  facilitate  the  conversion  of  floating 
capital  into  fixed  forms  for  the  relief  of  our  agricultural 
industry  and  the  development  of  our  agricultural  wealth. 

We  have  not  for  many  years  had  a  condition  of  the 
money  market  so  favorable  as  the  present  for  the  object 
we  have  pi  oposed.  There  is  a  plethora  of  unemployed 
capital  in  all  the  chief  financial  centres  of  the  United 
States.  The  same  symptoms  prevail  with  more  or  less 
distinctness  in  France,  in  England,  and  throughout 
Europe.  Money  is  a  drug,  and  it  would  seem  as  if 
nothing  were  needed  as  a  condition  of  attracting  capital 
to  our  agricultural  enterprise  throughout  the  country 
but  a  sound,  well-organized  system  like  that  which  M. 
Wolowski,  more  than  a  quarter  of  a  century  ago,  was 
fortunate  enough  to  organize  in  France. 

Economic  science  has  long  established  the  principle 
that  one  of  the  most  effective  means  of  developing 
material  growth  in  modern  times  is  to  promote  the  flow 
of  capital  into  the  \aiious  channels  of  industrial,  com- 
mercial and  agricultural  enterprise.  We  have  shown 
a  DO  ve  that  it  is  one  of  the  faults  of  onr  financial  system 


that  the  wants  of  comnierce  and  trade  have  been  pro- 
vided for  by  our  banks,  while  the  wants  of  agricultural 
enterprise  have  been  somewhat  neglected.  This  is  one 
reason  why  our  farmers  have  to  pay  a  much  higher  per- 
centage of  interest  for  loans  on  mortgage  than  is  paid 
by  men  of  trade  and  commerce  on  call  loans  or  discounted 
bills.  To  redress  this  evil,  so  far  as  it  is  within  our 
power,  and  by  legitimate  means  to  make  capital  access- 
ible to  farmers  on  easier  terms,  is  what  wc  mean  when 
we  speak  of  improving  Agricultural  credit.  It  is  a 
worthy  object  of  financial  statesmanship,  and  since  in 
France,  and  almost  all  rich  countries  but  our  own,  it  has 
been  prosecuted  with  stiocess,  there  is  good  rtason  to 
hope  for  similar  results  in  the  United  States. 

If,  however,  we  would  place  the  agricultural  credit  of 
the  United  States  on  a  sound  basis,  we  have  several  things 
to  do.  We  must  establish  and  build  up  on  a  sound,  trust- 
worthy model  a  system  of  agricultural  credit.  Next,  we 
must  divert  into  this  channel  as  much  of  our  floating 
capital  as  can  be  safely  vested  in  such  permanent 
forms  and  converted  into  fixed  capital.  Thirdly, 
we  must  take  such  effective  measures  and  give 
such  complete  guarantees  as  shall  attract  foreign  capital 
as  well  as  Amei  ican  capital  into  these  new  channels  of 
investment.  And,  finally,  we  must  favor  the  efforts 
which  are  making  abroad,  and  which  must  sooner  or 
later  succeed,  by  which  the  business  of  dealing  in  our 
credits,  shares,  bonds  and  other  values  shall  not  be  so 
ranch  controlled  at  Paris,  Vienna,  Hamburg,  Berlin  or 
London  by  such  reckless  speculators  as  arc  exposed  to 
public  contempt  by  the  Parliamentary  Commission  on 
Foreign  Loans. 


THE  DEBT  STATEMENT  AND  THE  COIN  BALANCE. 
The  Secretary  of  the  Treasury,  with  the  monthly 
report  of  the  public  debt,  has  just  issued  a  call  for  1 3 
millions  of  Five-Twenties,  making  a  total  of  26  calls 
under  the  funding  act  of  1870.  The  amount  of  the 
national  debt  is  now  reported  at  $2,125,808,780,  the 
funded  debt  amounting  to  1,708  millions,  and  the 
unfunded  debt  to  417  millions.  We  give  below  the 
aggregates  compared  with  those  of  previous  returns. 

nrNDBD  DEBT— JOLT,   18T3,  TO  SEPTEMBBR,  187.5. 

»fp«.l,18T5.    AugA,\%Ti.     JuIJ/l,187o.     JulvhKli.     JulyUlfTa. 

Fives  63.3,^2,750     613,Ss,'»50     607,135.750     510.638,050     414,5fi7,300 

sixel:;::.';;:.i,0K;sro;550  i,o95:s56;55o  1.100:865.550 1.313,624,700  i,38i.238,65o 

Tnliil  1  708  898  300  1  709,«1,800  1,707,998,300  1,724,562.750  l,695,8(B,9.'iO 

trnfank(i:..^"    416;m489     417,&.5a8     420.690:426  JII9£35,4S1      452.013,763 

Total  debt.. 2,135,808.789  2,1!7,.393,838  2,128,688,726  2,143,088,241  2,147,818,7)3 

It  will  be  observed  that  the  five  per  cents  have 
increased  209  millions  since  July,  1873,  while  the  sixes 
have  decreased  196  millions.  We  thus  obtain  a  two 
years'  view  of  the  proceedings  of  the  Treasury  under  the 
Funding  act  of  1870.  These  operations  have  resulted  in 
the  redemption  of  196  millions  of  six  per  cents,  and  in 
issue  of  209  millions  of  new  fives.  Hence,  during  the 
period  in  question,  the  funded  debt  increased  13  millions, 
while  in  the  unfunded  debt  there  has  been  a  decline  of 
35  millions,  as  will  be  seen  from  the  following  compari- 
ison  of  the  various  details  : 

UNFUNDED  DKBT-JCLT,  1873,  TO  BEPTEMBKR,    18T.5. 

sepi.i.\ms.  .iKff.a.ira.  Juiv^as^-  J'lnt^.is;*.  J«iyi,i87s. 

* *.„.    375  R4*, 687  382.076,73!  a56,IW>,967 

42.159,424  4ri,681,295  44,799,865 

678,000  6T8,0flO  678,000 

11.4«,8i0  3.216.590  51.929,710 

3R,647..')ir,  38,939,087  42,356.6,52 

14,OCQ,rOO  14,000,000  U.d'O.OOO 

21796,300  25,825,100  39,460,000 


374,824,965 
41.14.5,393 
678,0f.0 
10,678,370 
fn,110,)60 
14,000,000 
23,785,100 


Greenbacks 374  815,565 

Fractional  currency  41,137.018 

Four  per  cents 618,000 

Pastdnedebt 17,961,260 

Accrued  interest.,.  28.,582,8'iS 
Navy  poneion  fund.  14,000,000 
Gold  notes 17,618,500 

Total 492,830,126    491,162.207    504,518.787 

Less  gold  balance..  71,117,272     6S,M3,70)     79,854,410 

Total 431.513,854    4SSW!I».507    424,664,'i77 

Less  cur'cy  balance.    4,602,365       4,316,969       3,973,951 

Net tinfnndea  debt. iTeTsTo^'io"  mMfi^  «0,69o]«6    fl9;8i5,491    458,012,763 


506,940,072 
74,20S,3(M 

4.32,7.^.768 
14,576,010 


549,.')03,694 
87,.507,4fl2 


461,796.292 
9,788,629 


SeptemtKT  4,  18?C.] 


THE   OHltONICLR 


217 


It  ii  worthy  oLremark  that  the  gold  notes   have  Bif-j  Ifinnciplo  of   publicity  should  Imj  enforced  to  its  fullest 
fered  a  heavy  decline.     <^n  the  Irt  of  July,  1873,  tieii'  «(rtent.     The  Chuomclb  baa  always  contended  for  this 


i 


aggregate  was  $39,40O,UOO;  on  the  2d  of  Auguet,  1874, 
it  wa«  ♦83,4«9,000.  A  month  ago  the  amount  was 
♦'2-2,725,100;  and  it  is  now  reduced  to  $17,618,500.  The 
balance  of  coin  owned  by  tho  Government  at  each  bf 
these  dates  is  shown  in  the  following  statement : 

AsoBsaAZB  oon  n  raa  tsbaiibt  irvt,  OTB,  to  txrrcium,  18^- 

JmitKUn.  Jml0t,lglt.Jfffi.V!i.A<Hl.l,lS;i.StP*.l,lK^ 
Colnt»Tlt««»ni7.....»«T.5IIT.«W  r4.!(B.3M  »[8Bt.«0  $».»«.70O  tTl,llT,?!l 

ootdMiw  MUM'S..  m,ma,(m  «.ws.ioo  lH.ns.saa  *i,tt^ia»  ir.tigjo* 

O>la<nni«dbrGoT-t.t«.0n,«0t  $31,3«!^  ^S^ltO  M6.tlT.«00  )H.4«8,m 

Many  penons  have  believed  that  the  coin  in  tlie 
Treasury  is  reduoed  to  a  lower  level  now  than  before  the 
panic  of  1673,  and  some  anxiety  has  been  expressed  le^t 
the  eoin  balAnoe  belonging  to  the  Oovominent  should 
become  inadequate.  The  foregoing  table  meets  this 
objection  and  shows  that  the  net  aggregate  of  coin  i* 
the  Treasury  is  now  o.T  millions,  against  46  millions  t> 
month  ago  and  48  millions  on  the  Ist  July,  1873.  Ilencc 
we  see  that  while  the  coin  in  the  Treasnry  may  be  inade- 
■  |Bato  for  the  pm-poses  it  has  to  fnlfil,  it  has  not  falleti 
notably  behnr  the  level  at  whish  the  recent  jiolioy  of 
the  Goremment  has  decided  to  keep  it.  There  are  sev- 
eral circumstances,  however,  which  have  attrncte*!  special 
attention  totlMae  goal  ions  alx>nt  the  com  balance  of  the 
Treasury.  First,  some  stress  is  laid  on  the  fact  that  in 
la«t  Tlmrsday's  oall  for  bonds  abooe  referred  to,  there 
are  some  ive  millions  of  registered  bonds  which  are  bald 
for  the  moat  part  in  this  ount/y.  The  redemption  of 
theee  bonds  may  cause  an  outflow  of  gold  from  the 
Treaanry.  The  anticipation  of  Ai»  rtaatt  it  even  now 
disooQBted  in  the  gold  market ;  fead  it  ia  said  to  be  oper- 
ating with  other  foroea  to  cheek  the  advaaoe  in  gold. 
Secondly,  there  is  the  fact  of  the  late  parchasea  of  silver 
by  the  Ciovemment.  Th«Me  traoMttions  are  absolutely 
necessary  to  carry  out  the  ShaMnan  law.  The  figures 
above  given  as  tha  eoaa  lialance  of  the  Treaaary  repre- 
sent all  the  ailver  and  gold  which  has  been  aocumulated 
for  resompliDa  and  other  purpoaea.  How  mnch  of  the 
aggregate  ia  gold  aad  how  m— h  ia  lilver  we  are  sot 
informed.  The  nunor  »  ourreat  thai  tweoAy  millions  of 
silTer  are  hdd  in  the  Treasury. :  Ikia  we  believe  to  be 
an  eng^MMiaa.  Bnt  there  ja  ttottdng  ia  the  debt 
aohedida'to  disprove  the  statement;  aad  meanwh'de  saoh 
mmon  are  made  a  mischievous  ase  of.  They  are  actually 
doing  freqneot  bana.  .Mr.  Briatow  wovld  render  a 
,  senrioe  to  the  publio  credit  in  the  eiietiag  eiiiergea<!y  it 
he  were  to  publish  eadi  month  the  details  of  his  ooin 
baknoe,  showing  precisely  how  auoh  of  it  is  in  gold  and 
how  mnch  in  silver. 

Prom  what  has  been  said,  it  appears  that  the  general 
asfisetn  of  the  debt  suggests  one  or  two  im|>ortant  eon- 
clasions.  First,  thay  show  that  the  recent  financial 
legiaktioa  will  aaataitati  soaia  rtforaia  in  the  anaage- 
menU  of  the  Treaaary.  We  have  already  referred  to 
the  indiepeofaUe  aeed  ot  greater  pablioity  in  roganl  to 
the  precise  atnooat  of  silver  aad  gold  in  the  Treasnry. 
Fnblioity  is  equally  needful  in  regard  to  the  purchase  of 
silver.  When  Congress  aasaaablMi,  one  of  its  early 
objeota  will  be  to  call  for  a  full  atatameat  of  the  pur- 
ehaaaa  of  silver  which  have  beca  made  under  the 
8berman  reaamptioa  bill.  But  the  country x>ugtit  not  to 
be  kept  ia  aupenae  till  this  report  is  puhlii«hed.  Every 
•watb,  «r  afteaor,  the  required  infomiation  ought  to  be 
■  given  to  the  press  and  m.-wie  known  to  the  publin  at 
large.  We  urge  this  publicity,  not  l>ecaus«  there  is 
irroand  for  snapioion  of  partiality  or  oorruption.  The 
reasons  are  maoh  broader,  and  deeper,  ati<]  more  general. 
We  hold  that  ia  all  the  transactions  of  the  Treasury  the 


principle  of  publicity;  and  if  Mr.  Bristow  would  retain 
the  high  regard  in  which  he  is  held  by  the  people,  he 
will  refuse  to  be  misled  by  the  ingenious  arguments  of 
the  interested  or  ignorant  who  would  dissuade  Lim  from 
the  oompletest  publicity  in  regard  both  to  the  purchases 
of  silver  and  to  his  other  oi)erations  under  the  late 
financial  legislation. 

Another  reform  of  importance  is  in  regard  to  the 
sinking  fund.  A  portion  of  the  bonds  which  Mr. 
Briatow  has  jnst  called  in  are  for  the  sinking  fuml. 
But  what  is  a  sinking  fund?  It  is  surplus  revenue 
applied  to  the  payment  of  debt  But  at  preseut  we 
have  little  or  no  such  surplus.  Congress  has  failetl"  to 
supply  the  Secretary  with  means  to  carrj'  the  law  into 
fOroei  Mr.  Bristow,  in  the  last  fiscal  year,  found  himself 
in  a  difficult  position.  On  the  one  side,  the  law  re(iuired 
him  to  8|»eud  31  millions  in  buying  l>ondsforthe  sinking 
fund,  while  on  the  other  side  he  had  but  $13,476,059  of 
surplus  towards  the  31  millions.  What  he  did  is  well 
known.  He  borroweil  the  amount  which  was  wanting. 
He  complied  with  Uie  sLukiog  fund  law,  but  he  had  to 
borrow  money  for  the  purpose  to  the  extent  of  $17,610,- 
8S6.  Now  this  slip-shod  management  may  serve  for  a 
single  year  and  for  an  exceptional  case;  but  it  must  not 
be  repeated.  Congress  will  have  to  make  some  new 
arrangement  whereby  the  Secretary  can  be  relieved  from 
the  burden  of  attempting  to  carry  out  a  sinking  fund 
law  when  Congress  gives  him  no  surplus  revenue  and 
onmpeU  him  to  go  into  the  market  and  borrow  money 
by  the  issue  of  bonds  which  were  authorieed  for  a 
purpose  totally  different.       , 

Finally,  we  would  urge  as  one  of  the  most  important 
reforms  suggested  by  the  debt  statement  before  us,  that 
the  ooin  balance  of  the  Treasury  should  be  increased. 
The  recent  financial  laws  have  imposed  now  burdens 
upon  the  Treasury.  If  resumption  is  to  be  accomplished 
in  four  years  from  the  passage  of  the  Hesimiption  law, 
the  Treasury  will  pUy  a  very  important  part  in  the 
great  work.  To  perform  its  functions  successfully,  the 
Treasury  will  require  a  gradual  accumulation  of  gold. 
Among  the  imjiortant  duties  of  the  coming  Congressional 
year  will  be  that  of  making  a  proper  provision  to  meet  this 
want,  with  the  others  to  which  we  have  referred  alwve. 


DID  TUB  WAR  I.NPIATION  i  '.  NESS  AtTIVITT  ? 

Paper  money  advocates  are  deceiving  themselves  and 
their  followers  with  promisee  of  the  activity  of  war 
tiraca  if  the  Government  mills  can  only  l>e  put  into  action. 
A  flood  of  greenbacks  would,  they  think,  necessarily  lift 
np  and  float  every  stranded  vessel.  Believing  this,  each 
crippled  craft  naturally  longs  for  such  a  flood,  hoping  to 
rise  on  it,  and  with  a  full  cargo  find  a  safe  harbor  before 
it  f^jnilly      A  misconce|>tion  lies  at  the  bottom  of  this 

BatUDeae  sctivity  is  the  result  of  increased  jiroductions 
and  a  demand  for  those  productions.  If  you  can  stimu- 
late the  demand  you  will  increase  the  production  and 
mnhijily  the  rales.  Bnt  demand  can  only  be  permanently 
Hliniubteil  by  increased  consumption  ;  and  this  must 
result  eKher  through  the  opening  of  new  niarkeU,  or  by 
an  enlarged  use  among  ourselves.  Speculation  may  excite 
activity,  but  with  production  undiminished,  it  will  be  only 
temporary,  and  followe<l  by  a  reaction,  unless  based  on 
incrciised  consumption.  These  truths  are  familiar  to  all . 
Now  let  us  apply  them  to  war  tiroes 

A  million  or  more  of  men  are  suddenly  taken  from 
productive  pursuiu  into  the  army.    The  Government  is 


2l« 


&^ 


Lft-^^^^ 


liHE   (.^HRONICLE. 


[September  4,  1875. 


that  the  wants  of  comnitsrce  and  trade  have  been  pro- 
vided for  by  our  banks,  while  the  wants  of  agricultural 
enterprise  have  been  somewhat  neglected.  This  is  one 
reason  why  our  farmers  have  to  pay  a  much  higher  per- 
centage of  interest  for  loans  on  mortgage  than  is  paid 
by  men  of  trade  and  commerce  on  call  loans  or  discounted 
bills.  To  redress  this  evil,  so  far  as  it  is  within  our 
power,  and  by  legitimate  means  to  make  capital  access- 
ible to  farmers  on  easier  terms,  is  what  we  mean  when 
we  speak  of  improving  agricultural  credit.  It  is  a 
worthy  objoct  of  financial  statesmanship,  and  sinco  in 
France,  and  almost  all  rich  countries  but  our  own,  it  has 
been  prosecuted  with  snocess,  there  is  good  i^ason  to 
hope  for  similar  results  in  the  United  States. 

If,  however,  we  would  place  the  agricultural  credit  of 
the  United  States  on  a  sound  basis,  we  have  several  things 
to  do.  "We  must  establish  and  build  up  on  a  sound,  trust- 
worthy model  a  system  of  agricultural  credit.  Next,  we 
must  divert  into  this  channel  as  much  of  our  floating 
capital  as  can  be  safely  vested  in  such  permanent 
forms  and  converted  into  fixed  capital.  Thirdly, 
we  must  take  such  effective  measures  and  give 
such  complete  guarantees  as  shall  attract  foreign  capital 
as  well  as  American  capital  into  these  new  channels  of 
investment.  And,  finally,  we  must  favor  the  efforts 
which  are  making  abroad,  and  which  must  sooner  or 
later  succeed,  by  which  tlie  business  of  dealing  in  our 
credits,  shares,  bonds  and  other  values  shall  not  be  so 
much  controlled  at  Paris,  Vienna,  Hamburg,  Berlin  or 
London  by  such  reckless  speculators  as  are  exposed  to 
public  contempt  by  the  Parliamentary  Commission  on 
Foreign  Loans. 


"  In  reiura  for  tbto  liability "  Hooduraa  "  has  peoured  an 
abandoned  section  of  a  line  of  railway  S3  miles  in  lenfi;tb,  for 
which  the  contractors  have  received  £689,000."  Tlie  payments 
on  account  ot  interest,  and  in  discbarge  of  ihe  bonds  drawn,  have 
been  wholly  made  out  of  the  proceeds  of  the  loans.  Honduras 
has  not  provided,  and  apparently  has  not  attempted  to  provide, 
any  funds  for  that  purpose.  In  fact,  tliis  little  State  could  no 
more  pay  this  debt  than  bhe  could  fly.  All  those  who  lent  money 
to  her  win  lose  every  sixpence  of  it.     And  so  in  other  cases. 

The  committee  have  likewise  shown  the  manner  in  which  this 
wa«  done.     The  operations  were  of  three  kinds. 

First,  by  audacious  statements  as  to  the  resources  ot  the  bor- 
rowing State,  which  were  inserted  in  the  prospectus,  and  in  other 
ways  circulated  on  its  behalf.  This  needs  no  explanation  or 
remark,  for  puSs  of  this  sort  are  the  recognized  mode  of  selling 
valueless  articles  at  high  prices. 

Secondly,  by  requesting  brokers  to  difeot  the  attention  of  thuir 
friends  to  "  the  security,"  and  by  making  it  worth  their  while  to 
do  so.  And  this  is  a  part  of  the  subject  well  known  to  tliose  who 
have  really  attended  to  it,  but  which  is  not  at  all  known  to  the 
simpler  part  of  the  investing  public.  A  great  many  persons  go 
to  their  broker  for  advice — expecting  not  only  instructive,  but 
disinterested  advice — and,  no  doubt,  there  are  tiigh-class  brokers 
who  give  it,  but  there  are  also  a  multitude  of  others  who  gi»t  a 
higher  quid  pro  quo  for  recommending  that  viliicb  is  bad  than 
that  which  is  good,  and  who  accordingly  recommend  the  bad 
recklessly.  Among  the  latent  rogueries  in  the  respectable 
classes,  this  is  one  of  the  most  insidioas.and  pernicious,  and  it  is 
l>y  no  ineans  one  of  the  least  rare. 

..jr  Thirdly,  and  this  was  by  far  the  most  powerful  expedient,  the 
.dealers  in  the  loan  made  a  price. 

That  is,  pretended  purchases  and  sales  were  made  at 
high  prices.  Thus  we  see  that  these  despicable  adventurers 
resorted  to  the  arts  familiar  to  the  lowest  stock  jobbers  of 
this  country  during  the  mania  in  oil  stocks  and  mining 
shiires  a  few  years  ago.  With  these  facts  before  us,  we  need 
not  wonder  that  while  there  are  abundant  outlets  in  this 
country  and  among  other  foreign  nations  for  English 
capital,  the  brokers,  middle  men,  promoters  and  bankers 
who  monopolize  such  business  in  Lombard  street  and  at 
the  London  Stock  Exchange  have  played  snch  tricks  as 
to  frighten  a. great  deal  of  ca]!)ital  away  from  foreign 
securities  and  especially  from  American  investments. 
Mr.  llobert  Giftiu,  in  his  admirable  essay  on  American 
railways  and  their  attractions  for  British  capital,  de- 
clares that,  with  the  exception  of  Erie,  Atlantic  & 
Great  Western  and  a  few  other  securities  of  noisome 
memory  and  evil  savor,  American  railroad  investments 
have  become  strange  and  almost  wholly  neglected  in 
England.  He  adds  that  a  better  spirit  is  beginning  to 
manifest  itself,  and  that  there  is  more  hope  for  the  future. 
The  progress  which  he  predicts  cannot,however,be  realized 
to  any  great  extent  until  the  lower  class  of  dealers  cease 
to  have  so  much  control  over  the  London  dealings  in 
American  securities.  There  are  plenty  of  bankers  of 
the  first  class  in  Europe  who  deal  in  commercial  credits 
with  this  country.  What  we  want  is  a  financial  organi- 
zation of  equal  probity  and  efficiency  to  deal  in  a  different 
class  of  credits  and  to  facilitate  the  conversion  of  floating 
capital  into  fixed  forms  for  the  relief  of  our  agricultural 
industry  and  the  development  of  our  agricultural  wealth. 
We  have  not  for  many  years  had  a  condition  of  the 
money  market  so  favorable  as  the  present  for  the  object 
we  have  pi  oposed.  There  is  a  plethora  of  unemployed 
capital  in  all  the  chief  financial  centres  of  the  United 
States.  The  same  symptoms  prevail  with  more  or  less 
distinctness  in  France,  in  England,  and  throughout 
Europe.  Money  is  a  drug,  and  it  would  seem  as  if 
nothing  were  needed  as  a  condition  of  attracting  capital 
to  our  agricultural  enterprise  throughout  the  country 
but  a  sound,  well-organized  system  like  that  which  M. 
Wolowski,  more  than  a  quarter  of  a  century  ago,  was 
fortunate  enough  to  organize  in  France. 

Economic  science  has  long  established  the  principle 
that  one  of  the  most  effective  means  of  developing 
material  gtowth  in  modern  times  is  to  promote  the  flow 
of  capital  into  the  \arions  channels  of  industrial,  com- 
luercial  and  agricultural  enterprise.  We  have  shown 
aoove  that  it  is  one  of  the  faults  of  onr  financial  system   Net nnfnndea  debt. iieiim.lis  4ir,9(«,5i8  «o,69o^  fl9,835,49i  45S,oi2,7M 


THE  DEBT  STATEMENT  AND  TDE  COIN  BALANCE. 

The  Secretary  of  the  Treasury,  with  the  monthly 
report  of  the  public  debt,  has  just  issued  a  call  for  1 3 
millions  of  Five-Twenties,  making  a  total  of  26  calls 
under  the  funding  act  of  1870,  The  amount  of  the 
national  debt  is  now  reported  at  $2,125,808,780,  the 
funded  debt  amounting  to  1,708  millions,  and  the 
unfunded  debt  to  417  millions.  We  give  below  the 
aggregates  compared  with  those  of  previous  returns. 

FUNDED  DEBT— JULT,   1873,   TO  SEPTEMBrE,  1875. 

Sep(.l,1875.    AugA.Ka.    July\,\i-,b.     Jvlv\,\91i.    July\,\(fB. 

t  t  $  s  t 

PlvcB 62.1,032,750     fil.3.63S,750     607,13?,750     .M0,628,060     414,5fi7,300 

Sixes 1,085,885,S50  1,095,358,550  1,100,865,.550  1,413,624,700  1,281.238,650 

•08  898,300  1,709,4W1,.WO  1,707,998,3110  1,724,362,760  1,695,806,950 
-      -      -         -- 420,690,426     419,f35,451      452.012,763 


Total 1, 

TJnf anded 416,910,489 


417,902,538 


Total  dett.. 2,125,808.789  2,157,393,888  2,128  888,728  2,143,088,241  2,147,818,713 

It  will  be  observed  that  the  five  per  cents  have 
increased  209  millions  since  July,  1873,  while  the  sixes 
have  decreased  196  millions.  We  thus  obtain  a  two 
years'  view  of  the  proceedings  of  the  Treasury  under  the 
Funding  act  of  1870.  These  operations  have  resulted  in 
the  redemption  of  196  millions  of  six  per  cents,  and  in 
issue  of  209  millions  of  new  fives.  Hence,  during  the 
period  in  question,  the  funded  debt  increased  13  millions, 
while  in  the  unfunded  debt  there  has  been  a  decline  of 
35  millions,  as  will  be  seen  from  the  following  compari- 
ison  of  the  various  details  : 

VNFUNDED  DEBT-JULT,  1873,  TO  SEPTEMBER,    1875. 

Sen*.  1,1875.  ^l/ff.S,I875.  ,hay\.l»;i.  Ji/nuSO,  1874.  <;v?j/1.1873. 

t  %                     t                      «  * 

Greenbacks 374  815,565  374,824,985  8r.5,R41,«<7    382.076,782  8.56,079,967 

Fractional  currency  41,137.018  41,14.5,393  42,129,424      45,881,295  44,799,865 

Four  per  cents 6:8,000  878,0ra          678,000          6?8,000  678,000 

Pastdncdebt 17,961,260  10,678,270      11.4?5,820       3.216,590  51.989,710 

Accrued  interest...  28,582.8^8  27,110,160  .•)8,047,5il«     38,939,087  42,356.6.52 

Navy  pension  fund.  14,000,000  14,DO!\000      14,n0O,(()O      14,000,000  14,HiO.00O 

Gold  notes 17,618,500  22,785,100     21,796,300     22,825,100  39,460,000 

Total 498.6.30^    491,162.207    504,518.787    5r6.940,0«    B49,.303,li94 

Less  gold  balance..  71,117,272     68,942,70)     79,854.410     74,a05,3(M      87,507,402 


Total 421,512,854 

Less  cur'cy  balance.    4,602,365 


422,S1>.S07 
4,316,969 


424,664,377 
3,973,951 


4.32,7.34.768 
14,576,010 


461,796.292 
9,788,529 


Beptemixr  4,  18?0.] 


THE   CHTIONICLR 


21T 


I 


k 


It  ia  worthy  o^emark  that  the  gold  notes  have  suf- 
fered a  heavy  decline.  On  the  Irt  of  July,  1873,  their 
aggregate  was  ♦39,460,000;  on  the  2d  of  August,  1874, 
it  was  •83,409,000.  A  month'  ago  the  amonnt  was 
♦22,725,100;  and  it  is  now  reduced  to  $17,618,500.  The 
balance  of  coin  owned  by  the  GoTemment  at  each  of 
theae  dates  is  shown  in  the  following  statement : 

AaaasCAXs  cxm  m  tkm  mAirBT  jilt,  MV,  to  ttmnatm,  1S73. 

i/Mtfl.UB.  JnlrWr.i.  yalv  1,1871.  Aut.l.lSO.  Sept. I. IS:^ 
Coint»'ft«M«nr.....tST,WT,«>l  $7<.i05..iftl  STWBUlO  ta.Mi-M  tTI.lU.?!* 
OeldMlnMUtd'K..  ».4Kk(MD    *l,8«a.luu    iklVMOa    «,7«».lil»    K.tlSJOO 

CV>la<nra«lbrGoT-t.t«.0tT,4M  $31,380^  ^([068.110  tM.tl1.M0  «U.«IM,nt 

Many  persons  have  believed  that  the  coin  in  the 
Treasury  is  reduced  to  a  lower  level  now  than  before  the 
panic  of  1873,  and  some  anxiety  baa  been  expressed  let^t 
the  coin  balance  belonging  to  the  Government  should 
become  inadequate.  The  foregoing  table  meets  this 
objection  and  shows  that  the  net  aggregate  of  coin  in 
the  Treasury  is  now  53  millions,  against  46  million.s  a 
month  ago  and  48  million.s  on  the  let  July,  1873.  Hence 
we  sec  that  while  the  coin  in  the  Tfi— iiry  may  be  inade- 
•{■ate  for  the  purposes  it  has  to  fulfil,  it  has  not  fallen 
notably  below  the  level  at  which  the  recent  ]>olioy  of 
tbe  Government  has  decided  to  keep  it.  There  are  sev- 
eral circumstancei, however,  u'  '  '.icted  special 
attention  to  tiMae  qneations  alt  'xlance  of  the 
Trearary.  Pint,  some  stress  is  laid  on  the  fact  that  in 
last  Tboiadsy's  oall  for  bonds  aboxe  referred  to,  there 
are  some  iv«  anlliona  of  registered  bonds  wbioh  are  held 
for  the  most  part  in  this  county.  The  redemption  of 
these  bonds  may  caose  an  outflow  of  goki  from  the 
Trearary.  The  antaeipation  of  ibis  result  is  even  noir 
diseounted  in  the  gold  market ;  and  it  ia  said  to  be  oper- 
ating with  other  foraea  to  cheek  the  advanee  in  gold. 
Secondly,  then  ia  the  faei  of  the  late  pardhasea  of  silver 
by  the  Gorenment.  These  tfaoMttiona  are  absolutely 
necasaary  to  carry  ont  the  'liwliiiii  ktw.  The  figures 
above  given  aa  tba  ooin  balance  of  the  Treaaary  repre- 
sent all  the  dver  and  gold  whidi  haa  baen  wcomulated 
for  rosumptioa  and  other  purpwi  Uev  maoh  of  the 
aggregate  ia  gold  and  how  maall  ia  lilver  ve  are  not 
informed.  The  rumor  is  cunreat  thaA  tweAty  miUiona  of 
silver  are  hdd  in  the  Treasury.  Hus  we  believe  to  b« 
an  ezagfantioa.  But  tlicre  ja  aathing  ia  the  debt 
scbedvla  to  disprave  tbe  stateoieai;  aad  meanwhile  aaeh 
mmors  are  made  a  miaohiavooa  ase  «f.  Tliey  are  actually 
doing  freijaent  harm.  Mr.  BraMW  would  render  a 
,  service  to  the  public  credit  in  thA  *tV*"C  emergency  if 
ha  were  to  publish  each  month  tiic  detaila  of  hia  coin 
bahuKM,  ahowing  precisely  how  atiok  of  it  is  in  gold  aad 
bow  mnch  ia  ailrer. 

From  what  haa  bam  said,  it  appears  that  the  gmtnl 
aapeoU  of  tha  debt  anggesU  ooa  or  two  iini>ortant  eon- 
chuions.  First,  thay  show  that  the  recent  financial 
hgialation  will  naoearitate  soaie  reforms  in  the  arraoge- 
menu  of  the  Treasury.  We  have  already  referred  to 
the  indlapaoaaUe  aeed  ot  greater  pablicity  in  reganl  to 
the  prseiw  atnonnt  of  silver  and  gold  in  the  Treasury. 
Publicity  is  equally  needful  in  regard  to  the  purchase  «if 
ailver.  When  Congress  aaMablea,  oa«  of  iu  early 
objeola  will  be  to  call  for  a  fbll  atatainsat  of  the  pnr- 
ohaaw  of  aflver  which  hava  baea  mada  under  the 
Hbcnnan  resumption  bill.  Bat  tbe  country x>nght  not  to 
^  kept iaaaspeaae  till  i'  -rt  is  pii)>lii«hed.     Every 

nonth,  «r  •ftcaer,  the  n  I        .   i  i  formation  ought  to  be 
given  to  the  prran  and  m.-tde  known  to  tbe  public  at 
large.     We  urge   this   publicity,  not  because  ther.    = 
ground  for  soapidnn  of   partiality  or  comiption. 
reawins  an-  mnch  broader,  and  deeper,  and  more  general. 
We  hold  that  ia  all  the  tranaaetioQs  of  the  Treaanry  the 


principle  of  publicity  should  be  enforced  to  its  fullest 
extent.  The  Chi;o.\klk  has  always  contended  for  this 
principle  of  publicity;  and  if  Mr.  Bristow  would  retain 
the  high  regard  in  which  he  is  held  by  the  people,  be 
will  refuse  to  be  misled  by  the  ingenious  arguments  of 
the  interested  or  ignorant  who  would  dissuade  Lim  from 
the  completest  publicity  in  regard  both  to  the  purchases 
of  silver  and  to  his  other  operations  under  the  l^tc 
financial  legislation. 

Another  reform  of  importance  is  iu  regard  to  the 
sinking  fund-  A  ]>ortion  of  the  bonds  which  Mr. 
BriHtow  has  jnst  called  in  are  for  the  sinking  fund. 
But  what  is  a  sinking  fund?  It  is  surplus  revenue 
applied  to  the  p.iyment  of  debt  But  at  present  we 
have  little  or  no  such  surplus.  Congress  has  failed  to 
supply  the  Secretary  with  means  to  carry  the  law  into 
force.  Mr.  Bristow,  in  the  last  fiscal  year,  found  himself 
in  a  difficult  position.  On  the  one  side,  the  law  required 
him  to  spend  31  millions  in  buying  l>ond8for  the  sinking 
fund,  while  on  the  other  side  he  had  but  ♦13,476,659  of 
surplus  towards  the  31  millions.  What  he  did  is  well 
known.  He  borrowed  the  amount  which  was  wanting. 
He  complied  with  the  sinking  fund  law,  but  he  had  to 
borrow  money  for  the  purpose  to  the  extent  of  ♦17,610,- 
686.  Now  this  slip-shod  management  may  serve  for  a 
single  year  and  for  an  exceptional  case;  but  it  must  not 
be  repMkted..  Congress  will  have  to  make  some  new 
arraogatneDt  whereby  tiie  Secretary  can  be  relieved  from 
the  burden  of  attempting  to  carry  out  a  sinking  fund 
law  when  Congress  gives  him  no  surplus  revenue  and 
oompela  him  to  go  into  the  market  and  borrow  money 
by  the  issue  of  lx>nds  which  were  authorised  for  a 
purpose  totally  different.       . 

Finally,  we  would  urge  as  one  of  the  most  important 
refonna  aoggeated  by  the  debt  statement  before  us,  that 
tbe  ooin  balance  of  tbe  Treasury  should  be  increased. 
The  recent  financial  laws  have  imposed  new  burdens 
uj»on  the  Treasury.  If  leanmption  is  to  be  accomplished 
iu  four  years  from  the  passage  of  the  Resumption  law, 
the  Treasury  will  play  a  very  important  part  in  the 
great  work.  To  perform  its  functions  successfully,  the 
Treasury  will  require  a  gradual  accumulation  of  gold. 
Among  the  important  duties  of  the  coming  Congressional 
year  will  be  that  of  making  a  proper  provision  to  meet  this 
want,  with  the  others  to  which  we  have  referred  above. 

DID  TUB  WAR  ISPIATIO.N  CAISE  BISIXESS  ACTIVITY  ! 
Paper  money  advocates  ore  deceiving  themselves  and 
their  followers  with  promises  of  the  activity  of  war 
times  if  the  Government  mills  can  only  be  put  into  action. 
A  flood  of  greenback*  would,  they  think,  necessarily  lift 
up  and  float  every  stranded  vessel  Believing  this,  each 
crippled  craft  naturally  longs  for  such  a  flood,  hoping  to 
rise  on  it,  and  with  a  full  cargo  find  a  safe  harbor  l>efore 
it  sntwidw  A  misoonoeption  lies  at  the  bottom  of  this 
dream. 

HiMiinaw  activity  is  the  result  of  increased  productions 
and  a  demand  for  those  productions.     If  you  can  stimu- 
late the  demand  you  will  increase  the  production  and 
mnl(i(>ty  the  cales.   But  demand  can  only  be  permanently 
stimulated  by  increased  consumption  ;    and  this   must 
result  either  through  the  opening  of  new  markets,  or  by 
an  enlarije«l  use  among  ourselves.   Speculation  may  excite 
activity,  but  with  production  undiminished,  it  will  be  only 
temporary,  and  followed  by  a  reaction,  unless  based  on 
ri-aaed  consumption.     These  truths  arc  familiar  to  all . 
w  let  us  apply  them  to  war  tiroes 
I      A  million  or  more  of  men  arc  suddenly  taken  from 
'  productive  pursuiU  into  the  army,    ^j^e  Gpjf^ment  is 


'218 


THE  CHRONICLE. 


[September  4,  1876, 


called  upon  to  feed  and  clothe  them,  and  provide  them 
with  arms,  ammunition  and  means  of  transportation. 
They  required,  to  be  sure,  food  and  clothing  before;  but 
the  waste  consequent  upon  their  changed  position  was  at 
least  one-half  more.  Here,  then,  we  have  all  the  ele- 
ments of  an  active  trade.  First,  there  was  decreased 
production  by  taking  these  men  out  of  the  field  and  the 
workshop;  and  had  it  not  been  for  the  providential 
introduction  just  at  that  time  of  labor-saving  machines, 
we  would  have  found  more  trouble  in  feeding  them.  As 
it  was,  we  had  less  left  for  export  until  our  mowers  and 
reapers  enabled  us  to  produce  more  with  less  labor. 
Thus  we  have  first,  a  check  in  production  in  all 
departments  from  which  the  1,200,000  men  had  been 
drawn ;  had  the  demand  even  remained  the  same,  prices 
would  have  improved,  and  business  ventures,  previously 
entered  upon,  would  have  been  increasingly  profitable. 
But  as  we  have  stated  it  required  at  least  fifty  per  cent 
more  clothing  and  food  to  provide  for  these  men  in  the 
army  than  would  have  been  required  if  they  had  remained 
at  their  old  occupations.  Hence  the  demand  for  provis- 
ions of  all  kinds  and  for  clothing  of  every  description 
was  increased,  and  the  various  trades  interested  in  their 
production  and  distribution  stimulated.  Nor  was  this 
all; — arms  and  ammunition  were  made,  and  all  the  various 
means  for  transporting  these  large  bodies  of  men  and 
material  also  provided  ;  railroads  and  engines  were  built 
and  destroyed,  and  built  again.  In  a  word,  if  one  will 
trace  through  all  its  branches  and  subdivisions  the  work- 
ings of  this  new  force  thus  put  in  action  by  the  Govern- 
ment, they  will  see  that  a  new  life  was  infused  into  every 
productive  employment  in  the  country. 

All  this,  it  will  be  readily  admitted,  was  not,  nor  was 
any  part  of  it,  the  result  of  the  issue  of  currency.  The 
war  being  in  progress  and  the  army  in  existence,  the  rest 
necessarily  followed — an  increased  demand,  rising  prices, 
increased  production.  Had  the  Government  borrowed 
on  its  bonds  every  cent  it  needed,  the  actual  requirements 
for  food  and  materials  could  not  be  changed.  Currency 
issues  did  not  enlarge,  or  affect  in  any  way,  these  require- 
ments. Nothing,  it  would  seem,  could  be  clearer. 
Hence  we  reach  the  conclusion  from  which  there  is  no 
escape,  that  a  state  of  trade  existed  during  the  war 
which  was  entirely  outside  of,  and  was  not  produced  by 
the  manufacture  of  greenbacks.  To  have  this  point  fully 
understood  we  consider  extremely  important,  for  so  many 
unthinkingly  assume  that  the  war  activity,  because  it 
followed  the  greenback  issues,  was  caused  by  them.  No 
error  is  more  easily  fallen  into  than  that  of  accepting  a 
preceding  act  as  the  cause  of  a  succeeding  result;  but, 
as  well  might  we  say  that  the  day  was  born  of  the  night, 
because  it  follows  it,  as  to  try  to  put  the  required  con- 
nection here. 

But  we  will  be  told  that  with  the  close  of  the  war 
these  conditions  changed.  That  is  so,  and  yet  only  in 
form.  Very  great  waste  was  necessarily  the  result  of 
that  contest.  At  its  close  much  of  that  waste  must  be 
at  once  repaired.  The  whole  South  was  to  be  provided 
with  the  necessaries  of  life;  the  entire  railroad  system 
through  those  States  had  to  be  renewed;  the  North  (not 
the  contractors  in  it)  which  had  economized  during  the 
latter  part  of  the  war,  also  needed  supplies.  But  beyond 
this,  the  natural  exhilaration  at  the  close  of  such  a  con- 
test and  the  improved  credit  we  acquired  in  Europe  by  its 
successful  issue,  gave  birth  to  numberless  new  enterprises, 
and  the  whole  country  entered  upon  a  career  of  railroad 
building  and  other  kinds  of  internal  improvements.  Thus 
the  actual  wants  which  the  war  had  left  to  be  supplied; 
the  naturalexhilaration  consequent  upon  the  close  of 


such  a  strife;  the  new  enterprises  which  the  foreign  capi- 
tal flowing  in  here  stimulated;  and  further  the  issue  of 
bonds  by  nearly  every  municipal  corporation  in  the  land 
either  for  railroads,  for  water  works,  or  for  some  other 
purpose,  stimulated  industry  and  made  an  unnatural 
demand  for  every  kind  of  production.  Clearly,  then, 
this  activity  in  business  like  that  during  the  war  was  not 
produced  by  the  greenback  issues.  Nothing,  therefore, 
in  either  of  these  periods  can  be  found  to  encourage  the 
belief  that  another  issue  of  greenbacks  would  make  trade 
active. 

We  may  hereafter  pursue  this  subject  one  step  further, 
to  show  the  part  these  issues  of  currency  played  during 
the  war,  and  what,  judging  from  our  experience  then 
and  since,  we  might  expect  to  be  the  influence  on  busi- 
ness of  a  new  issue  now. 


BANK  DIRECTORS'  RESPONSIBILITY. 

With  each  succeeding  corporate  defalcation  or  failure 
numberless  homilies  are  written  on  the  shortcomings  of 
directors.  Many  productions  of  this  description  have 
seen  the  light  the  past  week.  In  such  essays  these  offi- 
cers are  usually  held  accountable  for  every  leakage  or 
irregularity.  Certainly  the  position  would  meet  with 
few  aspirants  if  the  duties  and  responsibilities  were 
thus  exhaustive.  Of  'course  the  trust  implies  services 
to  be  rendered,  but  it  will  be  remembered  that  those 
services  have  limits  which  are  well  defined. 

And  first  they  are  limited  by  the  nature  of  their  posi- 
tion. It  is,  for  instance,  impossible  for  bank  directors  to 
insure  that  good  business  alone  will  be  done  by  the 
bank.  Any  supervision  which  they  have  the  power  to 
exercise,  would  be  entirely  inadequate  for  that  purpose- 
They  can  require  that  all  the  discounts  which  may  have 
been  made  shall,  at  their  meetings,  be  submitted  to  and 
passed  upon  by  them.  But  suppose  they  are  not  thus 
submitted  (though  professed  to  be),  or  that  facts  with 
regard  to  them  are  stated  which  are  untrue,  how  are 
they  to  know  it,  unless  they  examine  the  entire  accounts 
of  the  bank?  And  even  then  the  weak  spot  could 
be  covered  up  so  that  the  wisest  of  them  would 
be  puzzled.  Besides  they  are  not  the  officers  of  the 
bank,  and  their  contract  is  not  to  give  their  whole 
time  to  it  as  if  they  were  officers,  which  would 
be  necessary  if  they  were  to  make  frequent  examina- 
tions. It  is  supposed  that  each  director  has  other  busi- 
ness to  which  he  must  devote  himself.  Hence,  we  must 
not  expect  them  to  look  into  the  affairs  of  the  institution 
in  detail ;  they  are  not  paid  for  doing  it,  and  their  other 
and  personal  engagements  would  not  admit  of  their 
doing  it.  Any  different  view  of  their  duties  can  be  based 
only  on  the  idea  that  the  directors  are  to  have  no  other 
engagements,  and  then  we  should  have  to  pay  them  as 
we  pay  the  President. 

In  this  connection  we  must  remember,  too,  that  society 
Is  so  constituted  and  our  sensibilities  and  judgments  are 
so  under  the  influence  of  well-known  principles,  that  it 
is  impossible  for  us  to  have  confidence  in  a  man  and  at 
the  same  time  constantly  act  as  if  we  suspected  him  of 
lying  and  cheating.  We  cannot  expect  the  director  to 
take  the  position  of  the  detective  who  is  in  pursuit  of  a 
thief.  Nor  could  any  bank  president  retain  the  office 
and  his  self-respect  with  twelve  policemen  as  his  advis- 
ers. He  is  sufii'sed  to  be  a  man  of  standing  in  the 
community,  whose  reputation  in  it  for  honesty  is  based 
upon  years  of  intercourse  and  dealings  with  his  fellow 
men,  and  so  long  as  society  lasts,  such  a  one,  the  average 
director  as  well  as  the  average  man  everywhere,  will 


September  4,  lb75.] 


THE  CHRONICT.E 


219 


trust.  It  ia  a  part  of  our  very  nature,  and  we  cannot 
help  it. 

Bat  it  may  be  asked,  have  ther  Uien  no  duties  ?  Most 
certainly  they  have,  and  we  have  frequently  pointed 
them  out.  It  is  their  province  to  supervise  or  review  all 
important  loans  made;  to  acquire  a  general  knowledge  of 
the  bank's  business,  and  in  concert  with  the  President  to 
direct  its  policy.  This,  however,  will  all  have  to  be 
done  under  the  President,  and  in  the  main  in  all  cases 
they  will  have  to  trust  to  him  for  guidance.  They  can- 
not be  the  leaders,  but  must  follow  as  advisers  simply. 

Oooacions  may  occur  when  their  action  may  be  more 
aggressive,  but  it  can  only  be  when  the  cause  for  it  is 
palpable.  Is  a  bank  officer  found  to  be  speculating 
largely  or  living  far  beyond  bi.s  means  ?  That,  we  say, 
should  put  any  man  on  the  in(|uiry.  It  is  such  aii  act 
that  every  one  knows  its  inevitable  end.  Or  is  a  spwiex 
of  business  carried  on  by  the  bank  that  requires  one  or 
two  hundred  thousand  dollars  or  more  a  year  to  nurse 
it  in  the  way  of  entertainments  on  a  priooely  scale? 
Any  wise  man  should  be  aware  that  no  business  will 
bear  that  expenditure.  The  end  of  it  can  only  be  ruin; 
we  may  like  to  drink  the  wine  and  enjoy  the  hospi- 
tality— it  is  all  grand  in  iuelf;  but  this  world  is  a 
matter  of  fact  one  after  all,  notwithstanding  the  illu- 
sions we  may  try  to  surround  ourselves  with;  and 
sooner  or  later  such  brilliant  lig^tU  got  snuffed  out.  It 
has  always  been  so,  and  always  we  suppose  will  be. 
The  director  is  supposed  to  be  a  man  of  sense,  and 
when  he  sees  the  beginning  of  such  a  course  entered 
upon  he  should  check  it,  or  if  be  cannot  he  should 
resign. 

The  rule,  then,  which  must  gOTsm  criticism  in  such 
cases  would  appear  to  be,  that  ia  general  directors  are 
responsible  fo^  knowingly  <lisregarding  principles  of 
action,  and  not  for  failing  to  look  into  and  scrutinize 
details;  for  they  have  no  time  to  do  the  latter,  and  are 
put  into  their  position  not  because  they  are  good  hook- 
keepers,  nor  because  they  excel  strictly  as  detectives. 


FIJUnCilL  IKTIBW  IP  Al'GCST. 

Tha  mOBlb  of  AnguM  mm»  dull,  u  aaaal,  mi  Imr  ••  ibe  toIoid* 
ol  baaioats  was  eoassrssd.  I<at  ihsfs  wvr*  wvvial  Impnrtaot 
lallarv*.  wLilcb  esasad  mots  or  l«w  •idtMBint  lu  finaocial  rircl-^. 
Mr.  W.  11.  Doaeaa.  ot  Dusasn,  Sbennaa  Ic  >'o..  inailB  a  propoai- 
ttos  to  eiadlioia  of  iha  trm  to  pa/  33  1 1  p«r  eaot  la  his  paraoaal 
aotM,  paysbte  al  diflhnM  dalaa  op  to  Mov.  S7, 1877,  aaeli  sotas  te 
b«  leeunU  b/  tb«  aaaatsot  ibr  liotua.  Auodk  iha  OMMt  important 
•emaarcial  (ailatas  woratbooa  of  Maasis.  AS^ibald  Baxtarft  Co., 
BOiiflM*«ia  aad  sUppla(  marcbaata,  la  New  York,  and  Maa«n. 
SUrilsg,  Ahraas  k  Co.,se(ar  linportaraaad  roflaari,  lo  B»ltimor«  : 
tboogb  bjr  tar  tha  SMSI  laportaot  avaalaf  tha  moolb  m%»  tbe  tall 
nra  or  iba  Baak  of  CUUorala,  lo  8aa  VisMiseo,  on  the  34th,  and 
tba  laicldo  uf  Mr.  W.  C.  RalaloQ,  prasidaat,  «■  tha  following  day. 
U  U  now  statad  tbas  tha  fall  a  re  of  this  baak  had  haw  tauvd  (or 
SMB«  tlaapaMamaofalawof  the  bwt  talatasad  maa  la  laaadal 
slwlaa  baak  prMidoota  or  laadlng  dtawara  of  •schaaga— bat  to 
tka  maltitoda  of  daalera  la  Wall  atraat  aad  ibrotmhoat  tba  eoaa- 
try  ibe  aaaooaeamoat  was  a  great  aarprisa,  aa  tbey  had  loppoaed 
tbia  bank,  with  $9,000,000  capital,  to  baa  atroog  loatltation.  At 
tba  dooe  of  tbe  Booth  tba  tcmporarjr  panic  la  Hao  Kraoclnco  bad 
nearly  eabalded.  aad  there  waa  ulk  ol  tha  bank'*  reaaiolog.  In 
New  York  aad  olbar  Eastara  dtlaa  tba  diatorbaaea  waa  alight 
aad  tba  laaoeaiy  fron  tbs  list  aboek  abaoat  iaoiadlaU. 

Tba  msaay  aarkai  awiHanad  vary  aoay  at  I^  to  8  per  cent  on 
call,  aad  4  to  6  par  east  oo  prime  papar  of  40  daya'  to  4  muotba' 
lime.  Tba  ■orpins  raaarre  of  iba  CIsaiiag  Boom  banks  waa 
tUJSMfilS  JalySI,  aad  fSOjMM.lM  sa  Aagnat  M,  abowlog  a 
dadiaa  of  about  |7;IOO,000  in  tbe  moalk. 

Ia  United  Matos  OovafameDt    bonds  tbara    iraa  a  moderate 

karinna.      Flnrtssttsas  la  gold  bar*  aad    tba  allgbt    uaaaai- 

aeaa   abroad     ia    ragaid    to    tba   Bastatn    qoaatioo    bad    tbe 

aflact  ot    anaettllag   fslssi    to    aaass   sitaat,   sad    there    was 


alio  a  miaapprebension   at   one   time   in   regard   to  the  order  in 

which  the  1865  bonds  would  be  called  in  for  redemption.     The 

latter  question  was  settled  (as  stated  by  the  Chronicle)  that  the 

1865'8  old  were  fi rst   issued   and  would   therefore  be  first  called. 

A  circular  on  this  subject  waa  issued  by  Messrs.  Fisk  &  Hatch' 

dated  Aug.  27,  and  giving  the  following  satisfactory  information  : 

Amoont  of  540a,  1M4— Outstanding,  ODCalled .  .  [48.993,800 

Amoont  of  ».40a,  1864— Called,  payable  Nov.  IS 1U,000,OOU 

AnoantofMOa, '865  (Ma;  and  November),  oaUlandiug IS2,5S4,SS0 

AalOlUltor^a)a,  1886  (Jannary  and  Jal7),  onutaudiug aoa,(><i8,100 

Amoant  of  6-aOa,  1867  (January  and  July),  ODUtandi<ig. 810,1'82,'no 

Amount  of  MOa,  1968  (January  and  July),  oatitanalng S:,t74,(XI0 

The  aoHnint  of  Ive  per  cent  funded  bonde  of  1881,  avallat)  e  for  funding, 
beyond  the  Sve-twenty  bonds  already  called  in,  is  ^38,S3I,'SU  ;  attir  tbcse  are 
■old  aad  an  equivalent  amount  of  nve-tw.'Uty  bond-*  have  bet* u  called  in,  no 
further  fuDding  can  take  place  until  tbe  Oovernme'  t  can  nt-goiiite  i)ouds 
bearing  four  and  one-b&lr  per  cent  per  annam,  at  par  in  gold.  Tbe  time 
occupied  In  the  negotiation,  by  tbe  Government,  of  $461,482.4.'>(l  live  per  cent 
bODda  haa  bean  over  four  yeara,  the  funding  of  five-twenty  bonds  iijto  the 
>Te  peroaat  faaded  loan,  having  commeneod  March  6,  ISTl. 

ouiana  raioaa  or  eoTumonr  aaoiJBTnaa   la  AOaosT,  1875. 


—Coupon  bonds.- 


Aag. 


5>  '81  fund.  «a'81  6a'81  540a  54Ua  6-«0a  5-«a  5-i08  lO-tOs  ICMOa    ii> 
coop.    rag.  coup,  UM.  18IS.  1865.  1867. 1868.    ng.  coup.  cur. 
new. 


1. 
t.. 

*.. 
*.. 
t. 

6. 
7. 
8. 


IISX 


1»X 
USX 


UOX 

itiji 


IISX 
116" 

liiii 


U8X 

m 


...  WH 

i2osi  laoK 
imx  iti 

1»K     ... 
l%»i  MIX 


....  IMK 

iHM  ink 


t tlSM  uox    ....  1I«K    ...    n»x 

10 iJix  ii6j(  n9x  lisir 

11 USX    ...MIX     ..  .  1»X  I1»K 

U 1«X  1!1!»  IWX    ■•..  »»>• 

U IMM  MUK  :tli(     

I« VUitVttM    U9« 


MK  IMJK    .... 

ISOK      ...       ... 

laoS    ....  UVi 

IWS  Itl 

1««      

UOH  UIK    ■■.. 


U8 

::::  imi 

....  mfi 


» USX    -.. 

17 

1» itOK 

I* II«M«U1 

« IMX  l»k 

M U6X      ... 


MIX 


US 

lie" 


i!a« 

lUX 


St.. 


.  ..  1»M 

USX  ia>x 
...  uox 

U6X     .... 

U7X     .... 

....  ISOX 


inx 


Its 


u«x 
1:7" 


118X 

..B.V. 


IIS 

I  tax 
118X 

lisx 

'lisx 

mk 
iX 


ISOX  ItlH    .... 
laiK    

\*»t  1HX 

....  U4X 

UOX     

IMX 


U8X 


lISSi     .... 

1I8X  US 

....  Itt 


USX 


....  IIOX 
....  1«0X 

lio"  libx 
i«w  ..  . 
i«ox  .... 


U4X 


118X     ... 

'.'.'.'.  Itt 
....  ^„. 


UOJa 


116X 

nsx 


U»X 

u»x' 


WS:: 


llSJt  ll«X  l*>X  IISX  U9X  U8X  IMV  IWX  n4X  U7X  1«X 
:i7X  Ml      Itl     117      ll»X  n»X  i»%  Klli  U5X  iiax  >u 
II5X  ll«X  l«>X  !ISX  U8X  llSii  1*0      IMX  1I4X  inx  i*>l4 
:17X  1«>X  Itt     117      lUX  IMX  i*>H  MOX  U»X  U»X  lU 

I  or  Boaaoia  aao  u.  a.  aauuaitiaa  at  lordoh  n  ADstrar. 


Ooaauia  UTs!! 
I      for    ,  i-10,1  540,110-40 
«y  i'*6o.|l8n. 


-I- 


.1 


Boll  day.  \ 

4;m*-i<  'io;x  :0Bx!>a6x 

SHI-H 


day. 

«;»4»-i«'io:x:08x!      . 

^ IIOIX  JOHX.IOJX 

tm%  lOSXlMw 


Data. 


Conaola 

for     I 

money. , 


U.S. 
6-SO. 


St*4»-M   lOTXtOllX  106X1 
Y'Kxcfe.  c  loa'd  for  r  ep  r*. 

•'    I  I 

a  M  »-l«    :07),  I08)i  IIWH ' 

10  M  5-14  tmyt  loe^  \m>%  1 
iin:-!*  \ir.H'^»M  io«J« 
It  u  i»-i«  imx  10614  iiMX 
11 «» 1-16  i(nx  1D8X  m  I 
I4;m         107X  WH  »4x: 

15^     '    ....I  -.   ' 

16 »  I07XI0BX.1M 

17)61-16  107  ,108X106 
ISMU-14  107  lOSItilOS 
l«M»-lt  |lOtxll08X|10«X 


mdar ID 

Batarday...*] 
Bonday....tt 
Moaday....t8 
Taaaday...*4 
Wadnaad'ytS 
Tharaday  ..t6 

Friday t7 

Salar<iay...tB 
Sunday... 
Monday....  SO 
Tunaday.    SI 


»4  11-16' 
Bxeh.  c 

94  is-i6 

IMIS-16 
MIV14 
M 16-16 
»t»-l6  I 
94  9-16  I 

9«'»^i6' 
94  11-16 


5-10,110-40 
1887. 


108X!lO4X 
forr  ep'ra 


106 1( 
loa'd 


106X  1U8X  104X 
10!:x  I08X  104X 


opening 94  9-16 

Blgheat. 96  1-16  , 

Loweat ,94  5-16  , 

...194  11-16 
Htnoa{96  1-16 
Low.  fJan.l,91X       I 


106X  lOSK 
106K  I08J4 
IIMXIIOSM 
106m|i(«X 

loejciiosii 

106X|10(«4 

I07X!>06X 
lOTXiJOSX 
IU6K  108X 

lOSh  I09X 
106Xll06X 


104X 
I04X 
104X 
104X 

loix 

104X 

108X 

107 

104X 

104X 

107 

lOIX 


TtanSay  . 

SMwLV..' 

SaaSay... 

Muaday.... 

Taaaday... 

W«dB<«t'y 

Tbaiaday.. 

IHSar.  .  . 

SaiatSay.. 

Saaday.   .. 

Muoaay — 

Tnewlay. 

Wednnd'y 

Tbaraday.. 

lo  tbe  atoek  market  a  good  part  of  the  month  was  very  dull, 
and  a  Urge  number  ol  brokers  and  operators  were  out  of  town. 
At  tlmaa,  bowever,  there  waa  eonsiderable  animation  in  atocka 
aad  laora  flactnation  in  prioea  than  ia  usual  In  August.  In  the 
aarly  part  and  middle  of  the  month  flrmnesa  In  the  active  Western 
■toAS^Waa  •h<<  principal  feature,  baaed  on  good  crop  reporta  and 
Ittgpr  earnlnga.  8ut>s<^aenlly,  tbt-re  waa  quite  a  decline  in  the 
market,  and  daring  tbe  last  two  dara  pricaa  fell  off  materially,  led 
by  Western  Union  Trlegraph,  in  regiird  to  which  It  was  reported 
that  Mr.  Jay  Uoold  was  a  large  aeller. 

Tbe  following  table  will  show  the  opening,  highest,  lowest  and 
closing  prioea  of  railway  and  miscellaneous  stocks  at  the  New 
York  Stock  Bzcbange  during  the  months  of  July  and  August: 


luioa  or  arooaa  la  jvlt  aid  Atransr. 


■allr«a4  Moeka.  Open 
Albany  a  Susquehanna    101 
AUaaUn  a  i'aeUe  pref..    l'- 
Otnmi  of  Saw  Jataay. .  HI 

~-yo*^"'",iref:::  ISx 

Oblcaiiu,  Burl.  A  Ualncy  118 
Cbleasu.  If  II.  A  St.  Paul    SS-i 
do  do    praf.    M 

do       A  Northwaafn    a*X 
da  do   anf.   MM 

do       AHocklafiod.  lOSX 


July. — 

High.    lATW. 


l5l 

I5X 

mx 
io» 

ira 

115 
87X 
61X 
4tX 
•6X 

lOSX 


llll 

ISX 
109 
10»X 

lor 
11* 

ax 

u 

MX 
49 

losx 


doe. 
101 
MX 
110X 
lOtX 
109 
118 
MX 

asx 

41 

aox 
106X 


AogoaL- 


Open.  Bish.   Low,   Oloa 


1»X 

I09X 

101X 

109 

115X 

»6X 

58X 

41X 

56 

t03X 


14 

11 

HX 

uix 

ID'i 

llOX 

UMX 

100 

too 

ion 

lUS 

108 

118X 

mx 

IllX 

S» 

85X 

sax 

«6X 

SHX 

«1X 

4ax 

88  J4 

avx 

t»x 

54X 

MX 

109X 

ICAX 

1U6X 

9* 


20 


THE  CHUONICLK 


[September  4, 18T9. 


-July. 


Open.  lliKli.    I.,nw.  Cloc.  Open. 

Clevc.Col.,  CIn.  AInd..    42         45         42         44  4SX 

ClCTc.  Jfc  Pittsburg  guar.    91^      9S         fllX      91>tf  91X 

Columb.,  Chic.  tlnd.C.      s>%       W      3X         *S  * 

Del.,  Lack.  JtWestvru..  118;i    I'ilX    ll»>i    ISnv  120 

Dubuque  &  Sioux  City 60 

Kris UX      15X      '.3X      14X  14X 

do  preferred 88 

llanuibal  Am.JoBcph..    SI         86         83        35  8tX 

do              pref.    »i        3)         30         80  81 

Harlem 1)1       1S5       1)1       185  13IX 

llllDois  Cenlral loax    10S>tf      «8         98  W 

KaiiHus  I'aclfic 10 

Lake  She.  <SE  Mich.Soutti    61^      6tH     !>~h      Hii  6l>i 
Marietta  &  Clu.,  :id  pref      8           H           8          » 

Michigan  Central Ii9         61         63X      (MH  65 

Morrla*  Essex 10n«    liia.'i    lOOX    lOJX  lOJ 

New  Jersey lS9)i    131       IWii    130  li9!< 

New  Jersey  Southern...      ijf       4X       2X       3  8>i 

N.  Y.Cen.  AII.H lOax    ini«    108       104  104 

do    N.llttven  &  Uart.  14*       144  .     141       IfSM  144 

Ohio  &  Mississippi -UH     HH     1834     19X  1»!< 

do                pref -     ....  44 

Pacific  of  Missonri 49X      61Ji      48         48X  47X 

Panama 1«       1*1       18i       183  131 

Pitts.,  F.  W.  &  Chl.guar    97ii      98>i      97>tf      »7Ji  98 

Rome  *  Watertown 66 

rt  L.,  Alton*  T.  H 7 

do              pref.    18         18         18         18  Si 

St.  L.,Iron  Mt.Jb  South.    18         18         13         IS  18 

St.  Louis,  Kan.  C.  &N..        ..      5)i 

do          do     pref.    38         38         Sfi         87  30>i 

Tol.,Wal).*  Western..      5Ji       7)f       4%       6Jf  SJi 

do                 pref     5X       Hjf       B)i       6if  7)i 

Union  Pacific 7bX      TC«      68         liX  TSJ^ 

Warren lOlX    101>J    lOlX    lOl^.  lOOX 

niicellaneoiifi. 

Pacific  Mail 40         41?^      84         395i  89« 

Atlantic*  Pacific  Tel...    sajf      83^      18         19  19 

Western  Union  Tel 80         b4X      73         mH  SSH 

American  Coal 45 

Consolidation  Coal 45         49         43         4HX  4T}i 

Spring  Mountain  Coal..    65         66         65         66 

Canton 60         60         53         53 

M'p'8aL&M.,a«8'tpaid    12X      13J<       9>r      ViH 

do       do  pref.  do         12Jt      13?i       9K      12)i 
Quicksilver 15         15>4      13J4      16 

do       pref 22         2J         SO         SIX  aix 

Adams  Express 99>tf    lOOX      9J),'    100  lOOX 

American  Express 57         63         56>i      67 

United  States  Express..    45         46         42         44 
Wells,  Far .;o  Express...    80         83         78,'i      81 

Del.  &  Hud.  Canal laiJi    184       119^    119X  IWX 

Keno  R.  Estate,  ad  pref.    77        100.«      77        lOO^  lOlJi 

U.S.TrustCo 310 


— August. — 
Hluh.  Loiv. 
55         45 

9J       ma 

5  4 

181X     119>tf 

6S         60 


88 


14X 

■.8 


25JK  Sl« 

81  29 

134%  134 

99  95 

13X  10 

68  69 


63 

54 

18% 

18 

15X 


57 
43 


e'iX 
104 
130X 

3 
105 
145 

80 

44 

49 
148 
lOlX 

8>i 
33 
IS 

88 
6X 

7>i 
76X 
101 


40X 

a2!i 

84  Ti 
50 
43 
63 
64 
liK 
18 

K)i 
21 H 
103 
61 
44X 
81 

laox 

lOlX 
310 


62 
108 
149)tf 
8« 
103X 
141 

I8X 

44 

43>tf 
130 

98 

50 

28 
18 
6 
26 

7 
71>f 
100)f 


Cloe 

53X 

89% 

*X 

119X 

66 

ISK 

S8 

S8X 

29 
134)^ 

9«X 

lax 

59 

64' 

1035< 
130X 
S!< 
1C3% 
144><( 
16>ii 
44 
47 
130 
lOOX 
60 
8'^ 
23 
18 
6X 
31X 
6 
7 
71« 
101 


36X 
20 
78W 
50 
47X 
63 
64 
10 
lOK 
14K 
20 

lOOK     103 
57  60Ji 

41X      44 
71  77 

119;<  119K 
100  101^ 
310       310 


86X 

18 

78>i 

45 

46 

63 

50 

10 

10>f 

HX 

20 


Gold  was  without  any  important  movement,  tliougli  reports 
were  freely  circulated  that  attempts  would  be  made  by  another 
clique  to  malte  gold  scarce  and  advance  tlie  price  or  obtain  high 
rates  on  loans ;  no  higher  rate  than  1-33  per  day  was  made, 
however,  until  the  3l9t,  when  gold  was  borrowed  as  high  as  1-16 
per  day. 

COUBSE  OP  GOLD  IN  AtJOUST,  1875. 


Date. 


Sunday 1' 

Monday 2' 

Tuesday 3 

Wednesday      4 
Thnraday...    5 

Friday 6 

Saturday 7 

Sunday Si 

Monday. 9 

Tuesday 10 

Wednesday.  Ill 

Thursday 18 

Friday 13 

Sftttu-day 14 

Sunday 15| 

Monday 16i 

Tuesday 17 

Wednesday . .  18 

Thursday 19 

Friday SO, 

Saturday....  21, 

Sunday 28 

Monday 23| 


Date. 


iiax  ii8«  113    iiaji 

118Ji:118»i  113     iiaji 

iiaji  iiajiiiii    113 

113  ill3  .'1 13X113%' 
llSX'llSMilH  113X 
113?<|113>i|H3;4  113>4 

lia^'iisH  m'i  li.sji 

113X|113H'I14      114 

114  Iii3^;ii4v:ii4 
:i3v|n3x  114  iii3«! 

113>i!ll2,'J  113>i;l!3« 
113X  113)ijll3|i  118?i 

ii.3!<'ii3>i;ii3K'ii.3«' 
11.3x1118  nvm  ir^K 
ii3}.'.ii3x  iis'i  my, 

113Ji!ll3)ii!lI4X  iiaji 
ll:j>iill3>flll35iill3J< 

113X  i:3Kii!3>f  i:3K 

li3Xili3«'li3>i!li3Jf 


;Tne5day a4:113X 

Wednesday. ..25  I'.SX 
Thia-sdiiy....2«  113>V 

Friday 27,114 

Saliirclay 83  113% 

Sunday 291    ,   .. 

••       ■    ■ .30114 

114»i 

nm 

IISH 
115« 
U2X 
1120%, 

]mK 

14.5% 

:]3S% 

'149 
144X 
1255 
:29% 
1153^ 
S'ce  Jm.  1, 1875'112% 


Tuesday 

.31 

Aug     1375.. 

•■       1874. 

"       1873. 

"       1872. 

"       1871. 

"       1870. 

"       1869. 

"       18B8. 

"       1867. 

"       1868. 

"       1865. 

"       1864. 

1862. 


113X;113« 

113%  113X 

n3%iii3»ii 

113%ill4ii 
113%  114 

114"  114^ 

iiJ%'niX 

118jii  114%| 

i09x;iiiiJ< 

111%'llKJi 
112%  115% 
111%  113    ; 
114X  122 
131%  UM 

i;3xi.5o   ! 

13,)%  148% 

!i46M':5ax: 

140%:  145%; 
231%  261  Ji 
122%;i«% 
118%  116% 
lll%!ll7% 


;113% 
,113% 
1113% 
113% 

114% 

114% 

114% 

109% 

115% 

112% 

118% 

117 

133% 

144% 

14  IK 

147% 

144% 

8.38 

187% 

11.5% 

114% 


Foreign  exchange  was  firm  during  most  of  the  month,  and  the 
Syndicate  bankers  furnished  the  principal  supply  in  short  sterling 
bills.  At  the  close,  rates  fell  off  in  consequence  of  the  scarcity  of 
gold  and  high  rates  on  loans. 


STIBLOIS  EXCHAKOX  TOB  AUGUST,  1875. 


Aug.  1. 

'■  2. 

"  8. 

"  4. 

"  5. 

"  8. 

"  7. 

"  8. 

"  9. 

*'  10. 

"  11. 

"  12. 

"  18. 

"  14. 

•  16. 

"  16,, 

■    "  V. 


60  days. 


4.87 
4.87 
4.87 
,4.87 
4.87 
.4.87 


,8. 
.87%  4. 
,87%  4. 
.87%  4, 
87%  4. 
87%  4, 
87%  4. 


3  days. 


I 


89%(a4, 
89%@4, 
89%(^4. 
89%  @4. 
89%@1, 


90% 
90% 
90% 
90% 
90% 
90% 


4.«  ®4, 
4.87  ©4, 
4.37  ®4, 
4.87%®4. 
4.37  ®4 
4.87    m 


4.87 
4.W 


®4 


87%  4 
87%  4 
87%  4, 
88  4 
87%  4 
87%  4 
....S. 
87%  4, 
9>Xi 


89%ia4 

89%@4 
90  @4 
90  @,4 
89%(a4 


.90% 
90% 
90% 
«)% 
90 
90 


89%®4.90 
88%@4.89 


Aug.  18. 
•■    19. 


60  days. 
.4.86    @4.86% 
.4.86%®4.87 
.4.86    @4.87 
.4.86    ®4.87 

8. 

.4.86%(a4.87% 
.4.86%@4.87% 
4. 86%®  4. 87 
. 4.36  !<  ©4.87' 
.4.e6%@4.B7 
.4.ti(i%®4.87 

S 

.4.86    @4.86% 
.4.85    @4,85% 


3 

days. 

88%@4.89 

81 

@4.89% 

89 

@4  89% 

89 

©4.89% 

i.88%®4.89 
i.b7%®4  b8 


Bange.4.£5   ©4.S3       4.87%®1.90X 


THE  DEBT  STATEMENT  FOR  AUCUSF,  1875. 
The  following  ia  the  olBcial  statement  of  the  public  debt  as 
appears  from  the  books  and  Treasurer's  returns  at  the  close  of 
business  on  the  last  day  of  August,  1875 : 

Debt  bearing  Interest  In  Coin. 


Character  of  Issue. 


of  1858. 

of  1881 

,  Oregon  War. 
of  lS5l 

5-a0'8  of  1662 
of  1881 

1040'B 

,  5-20sof  1861 

6-2U3of  18M 

5-aOsof  1865 

6-8<>8of  1865,  new. 

6-20sof  lt«7 

6-208  of  186S 

Fondod  Loan,  1881 


Anth'rizlniF 
Act. 


.Tune  14, 
Feb.  8, 
March  8, 
July&A., 
Feb.  25, 
March  3, 
March  3, 
March  3, 
.luiie  .30, 
March  3, 
March  3, 
March  3, 
.March  .3, 
July  14, 


^j 


1874 
1880 
1-81 
1881 
1888 
1881 
1904 
1834 
1884 
1885 
18i5 
1887 
1883 
1881 


Interest 
Periods 


J.  &  J. 
J.  &   J. 
J.  &   J. 
J.  &   J. 
M.  &  N. 
J.  &  J. 
M.&S.» 
M.  &  N. 
M.  &   N. 
M.  &  M.  d 
J.  &   .1.  d 
J.  A  J.ld 
J.  &  J. Id 
Q.— F.  \d 


Aergrcgate  of  debt  bearing  interest  in  coin $78  j, 056,000 


Bonds  Outstanding. 


Registered. 


$880,000 
13,794,000 


125,895,0.'i0 

66,650 

63.688,800 

ui,iiv>,m> 

946,600 
25,330,400 
&3.808,0  0 
53,837,650 
88,864,4.50 
14,17S,aK) 
207,987,600 


Conpon. 


$4,621,000 
945,000 
63,486,iU0 
8!),81»,560 
81,817,800 
52,946,4.50 

3i,6ri5',86o 
118,73I,:M0 
14),385.460 
S21.758,a0O 

22,996,000 
230,873,960 


»918,848,80O 


The  sizes  or  denominations  of  eacli  issue  of  bonds  are  as  follows:  (a)  Coupon 
1:1,000,  registered  t5,0JJ.  (»)  coupon  «l,00l),  registered  tI,imo,  $5,000,  $10,000. 
(c)  $50,  $100  and  $.500.  (d)  coupon,  $50.  $100,  $500  and  $1,030,  registered,  same 
and  also  $.5,00u  and  $10,01)0. 

*  Coupons  of  $50  and  $100  bonds  arc  paid  annu'iliy  in  March. 

On  the  al)ovo  is-sues  of  boufU  there  is  a  total  of  $*>,.559,421  of  interest  overdnc 
and  not  yet  called  for.    The  total  cnrrent  accrued  interest  to  data  Is  $89,023,416. 

Debt  BearluK  Interest  In  Lairlnl  Moner. 

I  Principal.  Interest 


,000 

,560 


38,Navypenslon.  Act  July  33.'68,  Int.  appl'd  only  to  pens*n3'$14,030,0l)0    $70, 
48,Certirsof  indebtedness.  Act  Julys,  71),  Due  in  1875....!        678,0001     1.3, 

Aggregate  of  debt  bearing  interest  in  lawful  money l$:4. 673,000'  $83,560 

Debt  on  IV^liiIch  Interest  Has  Ceased  Since  Itlaturitjr. 

There  is  a  total  amount  of  overdue  debt  yet  outstanding,  which  has  never 
bean  presented  for  payment,  of  $17,961, 2til)  principal  and  $232,531  interest.    Of 
this  amount  $16,908,450  13  on  the  "called"  five-twenties  of  1862. 
' '  Debt  Bearlnx  no  Interest. 


Character  of  Issue. 


Authorizing   Acts. 


Demand  notes 

U.  S.  legal-tender  notes  . . 

Certificates  of  deposit 

Fractional  currency 

Certify,  for  gold  deposited 


July  17, 1861,  and  Feb.  18,  1862 

Feb.  25  and  July  11,  'tiJ,  and  Mar.  3,  1863 

Jime8,1872 

July  17, 1868,  Mar.  3, 1863  &  June  30, 1864 
Mar.  3,  '68  (in  $20, 50, 100, 500, 1,0011, 5,000) 


Aggregate  of  debt  bearing  no  interest . 


Outstand'i 


$69,857 

.374,845,708 
64,780,000 
41,137,018 
17,613,500 


$497,851,084 


Recapltnlatloii . 


Debt  bkabino  Intebest  in  Cora- 
Bonds  at  6  per  cent , . 

Bonds  at  5  per  cent , 


Total  debt  bearing  interest  in  coin 

Debt  beari.no  Interest  in  Lawful  Money- 

Certificates  at  4  per  cent " 

Navy  pension  fund  at  3  per  cent  ...., . 


Total  debt  bearing  Interest  in  lawful  money 

Debt  on  wuicn  Int.  has  ceased  simoe  Matuiuty. 
Debt  bearing  no  Interest — 

Demand  and  le,^al  tender  notes 

Certificates  of  deuosit 

Fractional  currency »^..:,.. 

Certificates  of  gold  deposited ^ 


Total  debt  bearing 
Unclaimed  interest 


no  interest. 


Amount 
Outstanding. 


$1,085,865,550 
683,038,750 


$1,705,898,300 

$678,000 
14,000,000 

$14,678,000 
17,961,260 

$374,315,565 
64,780,000 
41.137,^118 
17,618,500 


$497,831,084 


Total $2.2)9,388,644 

Total  debt  principal  and  interest,  to  date,  including  interest  due 

not  presented  for  payment 
Amount  in  the  Treasury- 

Coin. 


Currency 

Special  deposit  held  for  redemption  of  certificates  of  deposit 
as  provided  bylaw.... 


Total 

Debt,  less  amount  in  the  Treasury,  Sept.  1,  1875 

Debt,  lessamonntinthe  Treasury,  Aog.  1, 1873 


Decrease  of  debt  during  the  past  month . 
Decrease  of  debt  since  June  30, 1875 


$26,582,838 


83,r*o 

232,530 


20.834 

$26,919,783 

2,266,308,488 

71,117,272 
4,602,365 

64,780,000 

$140,499,633 
2,135,808,739 
2,121,398,838 


$1,685,049 
2.879,936 


Bonds  Issued  to  the  Factflc  Railroad  Companies,  Interest 
Payable  In  Laiivlul  Money.      


Character  of  Issue. 


Central  Pacific 

Kansas  Pacific 

Union  Pacific 

Central  Branch,  Union  Pacific. 

Western  Pacific 

Sioux  City  and  Pacific 


I    Inrcrest    1  Interest 
Amount   I    paid  by     repuid   by 
Ontstand'g.  United  St's  tr'nsp't'n 


$26,885,120)  $11,087,697!  $1,166,66; 


6,803,000 

87,236,512 

1,600,000 

l,tTO,S60 


8,103,«)3 

ll,t-84,324 

781,808 

728,380 

688,703 


1, 4*3,702 
3,M4,743 

39,434 
9,867 

10,141 


Balance  of 
Int.  paid 
by  U.  S. 


$9,861,fl;!0 

1,670.190 

8,239,5S0 

748,.3S3 

713,013 

678,661 


Total $64,68-1,518'  $88.202,807   $6,:j01.047   $21,898,760 

The  Pacific  Railroad  bonds  are  all  issued  nnder  the  act.i  of  Jnly  1, 1868,  and 
Jnly2,  1864;  they  are  registfired  bonds  in  the  denominations  of  $1,000,  $5,o;iO 
and  $10,000;  bear  6  per  cent  interest  in  currency,  payable  January  1  and  July  1, 
and  mature  30  years  from  their  date. 


—The  New  Jersey  and  New  Tork  Railway  Company  gives 
notice,  in  our  advertising  columns,  that  the  coupons  of  their  first 
mortgage  bonds,  due  Sept.  1, 1875,  will  be  paid  in  gold,  upon 
presentation,  at  the  New  York  State  Loaq  and  Trust  Company 
i^o.  50  Wall  Btireet. 


September  4,  1875.] 


,^;^£  GgRojgpija 


221 


CaUst  fnouetarn  and  (Soinmerclal  (f  nglisi)  Ncub 


BATBVOF  BYCHANOB  AT  LO.\00!V,  AND  0!V  LONDON 
Ar  I.ATBSr  OATKS. 


■ZCHANei  AT  LONDON— 
AUGC8T  to. 


■ZOBANeJI  ON  LONDON. 


Anuuriam...     ihart.     ll.ie.\ 

Antwerp 3  rnontht.  IS.4} 

HaiBbu|(. I      ...        \MM 

P«rl« I    thort.    ;».» 

P«ri» 

Vienna 

Berlin 

rraokfort .... 
8t.  PMenbuTf 

CadU 

Uaboa 


0«ae*..... 
2faole«  ... 

N«w  rork 

Bio  d*  Janeiro 

Bakia 

Bamo*  AjTH.. 

Valpaialao 

fanamboco 


Smontta*.l«.M 

....      iUJS 

....      i».«t 

....      |SD.«I 

US 

Wdara  I     M), 
a  months.  tt.4i 
1      ....      '«.« 
KM 


kfanamboco . . 
jt— UrMao... 
wȣ<wr.'!f.'i: 

raaaac 

•Uiaitpore  .     . 


Mdayt. 


An^.  10. 


M. 


^ns-D. 


.1  A«.Ml 
II  Aa(. !(. 
ll  AW.  II. 

),  AacM. 


abort. 

Jaoa 
abort. 

tmo*. 
•hurt. 


aOdaj*. 


11  96 

10.  SI 
UM 

!!l!46 
tO.tl 
M.4I 


$1  87 


U. 


10  »-IM. 

u.mtA 

4<.  1K'<. 


fc 


irrom  oar  own  correapaalaat.] 

Loinx>2f.  BtfntUr.  Aag.  21, 1875. 

Tbe  moBmj  market  rem&ina  mach  ia  lk«  Mine  poettloo.  Tba 
«aeial  mimiMum  U  atiU  at  3  per  rent,  aad  la  IA*  open  market  the 
bc«t  bill*  are  Ukea  at  It  lo  I)  p«r  cast  Tba  aapplj  of  mosey* 
feekiog  employment  ia  yerj  large,  and  tbtre  la  bat  little  pr«M|>«et 
of  aay  dlmioatioo.  In  lome  quartera  daring  the  preeent  week, 
howerer,  •  aomrwhat  improre<l  iDi)alr7  baa  been  experienced. 
Owing  to  the  applieatlona  wblcU  liave  b««a  mada  from  tbia  alia 
for  allot menta  In  tbe  new  Frvoeb  Treaaarj  loan,  but  tbe  labecrip- 
tiona  In  France  alone  bare  been  oa  to  lar|^  a  acale  that  tt  ia  not 
expectrd  that  any  OMskiaiable  amoaat  will  he  allotted  to  tbIa 
eountrjr.  There  la  joal  now,  owing  to  tha  Umiditj-  of  tbe  pablie, 
a  jrreat  demand  for  aoand  dlridt-od-paylBf  aecorltiva.  Tbaae  bare 
been  forced  op  in  raloa  to  a  point  which  rielda  to  tbe  inreator  bat 
a  amall  return  of  lataraat ;  bat  aa  aafaly  la  urrrj  eonaideratioa 
with  the  vublic,  it  U  ntetrntTj  to  be  ooaleot  will  tmall  proSca. 
AmoD^t  the  aecoritiaa  ia  drmaD<l  jaat  now  are  ConaoU,  Britiah 
Tailwajr  abarea,  looiaa  UoTcrnmrDt  aeeoritiea,  Oiloalal  Oorfm. 
meat  aeeoritiea,  Indian  railwajr  txmdi,  Tnlted  Sutea  OoveraoMot 
and  flrat  mortgage  railroad  bonJn  and  Boaaian  alocka.  Tbeaa  are 
qooted  at  high  pricca,  bat  tba/  are  wall  bald,  and  If  there  ahoold 
ba  aodlatarbaaea  of  tba  peace  of  Europe,  their  praaeot  high  valae 
will  ba  malouined.  Seeoodrate  (eearitlaa  are  maeb  neglected, 
aad  are  cheap,  for  while  firatxUaa  aMiaka  and  billa  of  exchange 
an  aooght  afu-r,  any  iecarity  which  la  aat  wall  known  ia  almoat 
antlrtlr  neglected.  Ifaay  eommerdal  hoaoaa  cariyiog  on  a  aonod 
aad  legitimate,  bat  amall,  baaioeM.  at* sow  great  aaSarera,  aa  tbe 
banka,  dlacoant  bouaaaaad  hill  broken araaztremal/,  and  parbapa 
annecaaaarilj,  caatioaa.  Ia  their  aocoraaM  daring  tba  paat  to 
dlacoant  tbe  paper  of  large  m*rcantUa  Araa  (a  eoataa  wbieb  they 
aow  regret)  tbey  bare  (ailed  to  maka  tbamoelraa  aeqaaintcd  with 
tba  poaitioo  of  minor  estahlithmpDU,  aad  bow  they  »eem  to  tBink 
and  almoat  aaaert,  that  if  a  groat  hoaaa  ooald  not  aland,  amaller 
Inaa  maat  aoooer  or  later  eome  to  tba  groand.  But  there  are 
■may  eomparatlreljr  email  flrma  whleb  ara  ar««t  faflereni,  which 
bare  alwaya  condacud  a  toand  ami  lagHloiata  baalneaa.  and  whoaa 
billa  are  alwaya  paoetoally  met.  Tba  baaka  aad  diaooant  bouoea. 
howarer,  are  indlCnwt  about  aflbrdlag  them  anpport,  although 
parbapa  tbe  piodaaaa  thay  bare  diaplayad  hitherto  will  enable 
tbcm,  by  exerdaiac  mocb  dlllgenea,  to  meet  with  panetaaliiy 
•Vary  demand  opon  Ihcm.  Theae  bmmJUU  tradara  are  bow  auffxr- 
lag  from  the  recklroaaaoa  o(  othera,  aad  parbapa  tba  loaaaa  which 
bare  lately  been  aoalalaad  will  loiiaea  tba  dlrectora  of  the  rariooa 
haaka  aad  dbienaat  boaaea  to  obuia  a  batter  koowledga  of  tba 
legitimate  trading  aectloa  of  the  oommnaily. 

ThrouKlioat  tbe  week  tba  demand  fur  money  baa  been  axeeed- 

inglT  qalet  aad  baa  been  eoaaiderably  below  the  aupply.    Heaoa. 

the  rataa  of  dlacoaat  ara  aaoy  aa  oadar : 

rareaat 
I 


*..«*««•••■, 


tJ(»l,H 


4aaalba'baak  bltla IKttiK 

taaatha'baak  bUla IXd«K 

4  aad  •aaatba*  trade  billa.*   9*k 


■aak  fsla. 
Ooea-aarfcat  rataaY 

Maa4(a<l>    

t  ■oa:Aa'  bl 

TlMiatoa  of  iatanat  allowed  by  tba  Jalat>aioak  oaaka  aad  dla- 
ODBt  kou«i  for  dapoirila  ara  aa  foUsQ^ 


Jolntatockbsnm 

0i»conntlioa«e8atcall...i.'.l.'.''|],|*|"J."\  

Oiacoont  bouses  wItbT  days*  notice" " 

Oisconnt  bouses  with  14  da.ye'  noHoe"."."."  J. !'.'.'.!'.".'.'.'.*.',".'.*.'.".'.'.". 

Annexed  is  a  atatament  showing  the  present  position  of  the  Bank 
of  Bngland,  the  Bank  rate  of  discount,  the  price  of  Consols, 
the  average  quoutiou  for  EntfMsh  wheat,  the  price  of  Middling 
Opland  cottot,  of  No.  40  Mule  yarn  fair  second  quaUtj, 
and  the  Bankers'  Cleariusf  House  return,  eompared  with  the 
four  previous  years  : 


Clrtnlaiion,  tnclading       £  ' 

bantt  post  bills I56n2  78* 

Pabltcoepuiiu S.M<4yi 

Other  deposits «l]j5i,'5io 

Uorernment  securities.  ;.'),9«-(,3i)8 

Othst  •uooriUna 1*,6W,'416 

Hoaerve   of  notes  and  * 

_«>in 1S,400,9S} 

Ooin    and  ballion  Ic 
both  departments....  2S360  34J 

Butk-nie jp.  c. 

Oonsols 93« 

■aaUsh  wheat SI*.  loj 

■la.  Upland  cotton*  ..  jt^d. 

Mo.40inttle7arnralr  td 
qoalitr^ Is.  l\d 


IMJ. 

M.4.W.''6I 
T.-J7S.477 
19,7ria.M9 
rtSifi.tll 
tfltOSO.lii* 


1S78. 
£ 
26,3i)ti.U2 
t.Sm.til 
1S.«S4,-1« 
13,3n0,.1  8 
1^4S),08« 


1874. 
£ 

S6.!)00,<ii)0 
4,817,549 
IS.SS'l.SI-i 
U591.01.J 
16,8^»M 


1375, 
S 

»8,54-2,S89 
3,5!>9.6<i7 

1.1  48  ..9i2 
11.91i.el7B 


tt.ia8,«61    13.i37.MS    11.0il,&9S    16.3t8.263 


»3.1t5.318 
«Xp.  c. 

«*.  lud. 
SXd. 


»3,185,3iM 
a  p.  c. 

eos  81. 

8Kd. 


13.5tl.S78 

8J*  p.  e. 

»«. 

SSs.  ud. 

8  S-IM. 


li.  nsi.     Is.  IXd.      Is.  0<Kd. 


».393,S92 
*  p.  c. 

Sis.  *i. 
*7H<1. 

•lid. 


Oeartojt  Hoase  ratara.  90,069.000  1M.M0;I»00  1»8,»J».U06  ia((,9m,l)00  H«,18B,Ou6 
•  Pricas  Aognat  It. 
The  ratsa  of  money  at  the  leading  cities  abroad  are  as  follows  : 


Bank  0;ian 
rate,  market. 
par  cent,  per  cent. 


Facia 4 

aiaatardam a)( 

aaboTK 

Beriln ^ s 

Praakfort 4 

Viaaoaand  Trieste..  .  4X 
MMlrld.  Cad  la  and  Bar- 

e«lona      6 

'•labonaad  Opnrto..  .  4 

8u  Poiarabara 5 


3 

*M 
4X 


5 


Bmsaela 

Turin,  Plorenca 

Home 

Brrmen 

L«lpsl( „, 

Gensa 

Qeoera 

New  York.    .... 

CalratU  

Copenbaiten.     ., 


Bank     Open 
rale,   market 
per  cent,  per  ceLt 


and 


6 

5 

5 

»x 


*x 

4V 
*X 

«w 

8)tOS 
The 


The  bank  rein  m  published  this  week  is  very  favorable, 
proportion  of  reserve  to  liabilities  has  Increased  fraiu  53  13  to,54i 
per  cant,  a  rale  which  is  unprecedentedly  high.  The  supply  of 
bullion  is  as  much  as  £29,393,892,  and  tbe  reserve  of  notes  and 
eoin,  £10,338.383. 

Tbe  periodical  sale  of  bills  on  India  was  held  at  the  Bank  of 
Enfflaad  on  Wedneaday.  The  amount  allotted  was  £700,000,  of 
which  £G5a.I00  waa  to  Calcufa,  £45,700  to  Bombay,  and  £1,300  to 
Madras.  Teodera  nn  all  Presidencies  at  Is.  9^1.  tie  rupee  will 
racdre  aimut  24  per  cent,  and  above  that  quoutiou  in  full.  This 
reaalt  shows  a  moderate  increase  in  the  demand  for  the  means  of 
remittance  to  tbe  East. 

A  meeting  was  held  of  the  committee  of  joint-stock  banks  on 
Wfdnaaday,  at  which  a  proposal  was  made  by  tba  London  and 
Waatmostar  Bank  to  tbe  effect  that  the  rates  of  interest  they 
shoald  allow  for  deposits  should  in  future  be  irrespective  of  any 
cbaoga  which  ahoald  be  made  in  the  Bank  of  England  minimum. 
Tha  amaller  tianka,  however,  declined  to  accede  to  tba  propoaal, 
and  a  rote  being  taken,  ii  was  seen  that  tbe  London  and  Wast- 
miniatar  Bank  was  the  only  inatitutlon  entirely  in  favor  of  ttie 
propoaal.  At  the  present  time,  that  inatitutlon  has  larger  deposits 
tbaa  it  can  make  use  of,  and  wonld  i>e  glad  to  still  further  reduce 
tbair  rate  of  interest  with  a  riew  to  reaiat  additional  applieatlona, 
bat  tba  amaller  banks  do  not  want  the  London  and  Westminsttr's 
leariags  in  times  like  the  praaant.  They  would  not  like  to  reiFuse 
(ham.  aa  the  acceptance  of  tbem  might  pmbably  lead  to  futbre 
pioStable  business;  but  at  the  same  time  they  wonld  be  unable' to 
employ  tbem,  and  they  would  thus  Incur  a  loss.  It  is  expected 
that  at  aome  future  day,  the  discussion  will  be  renewed,  but  it  is 
pooiible  that  by  tbe  time  tbe  queation  could  be  re  opened,  the 
moaey  market  will  have  assumed  a  more  satisfactory  aspect. 

lleosrs.  Bariae  Bros.  &  Co.  announce  the  payment,  on  the  1st 
pnB.7mt>(fib  dividend  on  the  Baltimore  &  Ohio  railroad  0  per  cent 
bonds,  and  ibe  Eaatern  railroad  of  Massachusetts  6  per  eekit  bonds. 

With  reference  to  the  Baltimore  St  Ohio  railroad  6  per  cent  loan 
of  £3,000,000,  Messrs.  J.  S  Morgan  &  Co.  give  notice  that,  under 
tba  oparatloo  of  the  sinking  fund,  bocds  of  the  Newark,  S.imnnet 
and  Straitaville  and  Waahinirton  City  and  Point  Lookout  railroad 
oompaniea  have  been  purchased. 

There  is  a  moderate  demand  for  gold  for  Holland,  but  it  only 
abaorba  a  smalt  portion  of  our  impoitatlons.  Daring  the  week  the 
raeeipts  from  abroad  bare  l>een  pretty  liberal,  and  there  are  large 
aapplies  due  from  Australia.  Silver  remains  firm,  the  supply  offer- 
ing being  only  moderate.  The  following  are  the  present  price* 
of  bullion : 

eOLB. 

BarOold » per  os.  standard, 

■at  Gold,  Bne per  oi.  standard. 

BarOold.  reflnable ...;.... par  os.  standurd . 

Vpanish  DooblonnK per  oz. 

Bonlb  American  Donbloona ,.. peroz. 

United BtaMsaoldO"*" .'.  peroi. 


222 


THE   CHRONICLE 


[September  4,  lri;5 


Bu  silver.  Fine per  oz.  atandard 

Bar  Silver. cODtalnlDg 6  gra.  Gold per  or.     do  .... 

Mexican  DoUara per  oi.,  last  price      Mjj;      _ 

Spanifib  Dollara  (Caroms) per  oz.  none  here      <2t  ....      ) 

Five  Franc  Piecea peroz.  ®    ... 

The  Block  markets  have  been  adversely  affected  by  the  insur 
rection  against  Turkish  rule  in  Bosnia  and  Herze);ovina.  There 
is  naturally  some  fear  that  the  existing  troubles  will  lead  to 
serious  complications,  and  consequently,  news  from  Vienna  is 
read  with  more  than  ordinary  interest.  Turkish  and  Egyptian 
Government  securities  hnve,  in  consequence,  experienced  a  very 
heavy  fall,  the  nine  per  cent  Treasury  bonds  of  the  former 
Government  having  suffered  severely.  United  States  Government 
securities,  however,  have  been  firm,  and  American  railroad  bonds 
have  also  attracted  attention,  and  have  realized  higher  qaotations. 
Consols  receded  in  valuw  to  the  extent  of  half  per  cent,  owing 
entirely  to  the  insurrection  in  Turkey,  but  they  partially  recovered 
yesterday.  The  closing  prices  of  consols  and  the  principal  Ameri- 
can securities  at  yesterday's  market  (to-day  being  a  holiday) 
compared  with  those  of  last  Saturday  were  as  fdllows : 

Bedm.      Aug.  30. 


9*\&  »iH 

109    ^110 

....©  ... 

....@  .  .. 

106   @ioe}i 

10«    ®107 
108    ®108>^ 


105 
104 


®105X 

®105 
.@  .... 
.@  .... 


13    @  15 

46    ®  48 
90    ®  92 


96X®  97>f 
93    ®  95 

84X®  S5}i 
35    @  45 
.%    @  45 

i3Ji®  an 

28  @  30 
®  40 
I  75 
©89 
&  HO 
®100 


38 
65 
87 
89 
98 


ConaolB 

United  Statea,  68 1981 

Do       &-20yearB,  6a 1883 

Do       6a 1884 

Do       68 1886 

Do       6a 188S 

D.  S.  1867,tS71.346,860  las.  to  Feb.  27,'69,  6B...  .1887 

Do       58 1874 

Do  funded,  58 1881 

DolO-40,6a 1904 

Lottlelana,  old,  6b 

Do        new,  68 

•      Do        levee,  8a 

Do         do    8a 1875 

Do         do    68 

Uasaachnaetts  Sa 1888 

Do  5b 1894 

Do  58 1900 

Do  58 1889 

Do  58 1891 

Do  6e 1891 

Do  5b,  ecrlp  and  bonda 1895 

Virginia  atock  68* 

Do  New  fnnded  6s 1905 

AKKRICAN  IX>LI.AR  BONSa  AND  eHABBB. 

Atlantic  4  Great  Western  iBt  M.,  $1,000,  78. ..1908      30    ®  3J 

Do  Sdmort.,  tl.COO,  7S..1902      " 

Do  3d  mort.,  $1,000 1902 

Atlantic  HisBiselppi  &  Ohio,  Con.  mort.,  78  — 1905 
Baltimore  &  Potomac  (Main  Line)  Istmurt,  68.1911 
do  (Tunnel)  lat  mortgage,  6b, 

(gnar.  by  Pennsylvania  &  No.  CentRailway).1911 

Central  of  New  JerBey,  cone,  mort.,  78 1899 

Central  Pacific  of  California,  lat  mort.,  68 1896 

Do  California  &  Oregon  Div.,  lat 

mortgage  gold  bonds.  Bs 1892 

Detroit  &  Milwankee  Ist  mortgage,  79 1876 

Do  2d  mortgage,  8a 1875 

Brie  $100  shares 

Do  preference,  78 

Do  convertible  gold  bonds,  78 1904 

Galveston  &  Harrisbnrg,  1st  mortgage,  6a 1911 

Ulinois  Central,  $100  shares 

Lehigh  Valley,  consolidated  mortgage,  6a 1923 

Marietta  &  Cincinnati  Bailway,  78 1891 

Missouri  Kansas  &,  Texas,  1st  mort.,  gnar.  gold 

bonds,  English,  76 1904 

New  York  Boston  &  Montreal,  78 1903 

New  York  Central  &  Hudson  River  mortg.  bonds.. 

New  York  Central  $100  shares  . .   . 

Oregon  &  California,  Ist  mort,  78  1890 

do       Frankfort  t'ommlt'e  Receipts,  X  coup.  _ 

Pennsylvania,  $50  shares  45>i®  46)^ 

Do.  iBt  mort.,  68 .1880 

Philadelphia  &  Reading  $50  Bhares 

Pittsburg  Fort  Wayne  &  Chicago  equipment 

bonds  (guar,  by  Pennsylvania  Co.).  8s 

Union  Pacific  Land  Grant  Ist  mort.,  78 1889 

Union  Pacific  Railway,  Ist  mortgage,  6'8 1898 

AMERICAN  BTERUNG  BOMBS. 

Allegheny  Valley,  guar,  by  Penn.  E'y  Co 1910 

Atlantic  &  Qt.  Western  consol.  mort.,  Bischofif. 

cert8.(a),78 1890 

Atlantic  Si  Gt.  W.,  re-organlzation  fcrip,  78. .  .1874 
Do.  do.       leased  lines  rental  trust,  7b. 1902 

Do  do.  do.  1873, 78.1903 

Do.  do.       Western  exten.,  Ss .1876 

Do.  do.  do.  78,  guar,  by  Erie  E'y. 

Baltimore  &  Ohio,  68 1895 

Do  68 1902 

Do.  6e 1910 

Burlington  Cedar  Rapids  &  Minneaota,  78 1902 

Cairo  &  VIncennea,  76 1909 

Chicago  &  Alton  sterling  consol.  mort,  68.  ...  1903 
Chicago  &  Paducah  Ist  mort.  gold  bonds,  78. .  .1902 

Cleveland,  Coiumbus,  Cin.  &Ind.  con.  mort 

Eastern  Railway  or  Massachusetts,  68  1898 

Erie  convertible  bonds,  66 .1876 

Do.  cons,  mort  for  couv.  of  exieting  bond8,78.1920 

Do.  second  mort,  7a  1894 

Gilman  Clinton  i,  Springfield  lat  mort.gold,78 . .  1900 

Illinois  &  8t  Louis  Bridge  Ist  mort  7s 1900 

Do.  do.  2d  mort,  7a 

Illinoia  Central,  ainklng  fund,  Sa ; 1908 

Do.  do  68 1896 

minolB  Missoiurl  &  Texas  lat  mort  7a. 1891 

Lehigh  Valley  consol.  mort.  "A,"  6a 

Loulavllle  &  Naehvllle,  6a 19tl2 

Memphis  &Ohio  Ist  mort  78  1901 

Milwaukee  &  St  Paul,  1st  mort  78 '.     .  1902 

New  York  &  Canada  R'way.  guar,  by  the  Dela- 
ware &  Hudson  Canal  scrip,  68 1904 

N.  Y.  Central  &  Hudson  Itlv.  mort  bonds,  6s..  1903 

Northern  Central  R'way,  consol.  mort,  68 19C4 

Panama  general  mortgage,  78 1897 

ParlaA  Decatur 1898 

Fennaylvanla  general  mort.  68 1910 

Do.  consol.  alnk'g  fund  mort  68 1906 

*Sx  6  conpona,  January,  1873,  to  Joly,  1874,  inclaslve. 


Ang.  14. 

9i'A^  .... 

109    ®110 

....©  .... 

....&  ... 

107  ai07>i 
lOB    ®107 

108  ®108X 

los'siosji 


®  35 

25 

@35 

®  35 

25 

@35 

®103 

101 

®103 

®103 

101 

®103 

®103 

101 

®103 

®103 

lui 

®103 

Sl03 

101 

®103 

®103 

101 

®I03 

®103 

100 

®102 

®  35 

sa 

®  35 

®  65 

63 

®  64 

30    ®  32 
II    ®  16 
SX@    6X 
46    ®  48 
®  88 


86 

83 
96 
92 


®  85 
®  97 
@  94 


81  ®  86 
.35  ®  45 
35    ®  45 

lax®  13K 

28  @  30 
38  ®  40 
65  @  75 
87  ®  89 
88)i@89X 
98    ®100 


42    ®  46 

ld5>!,'@lC6]i 

42    ®  46 

i66ii®io6>i 

93    ®  95 

93    ®  95 

26    ®  23 

26    ®  28 

24    ®  26 

24    ®  26 

45>i®  46)^ 

45    ®  46 

...  @  .... 

• ..  ® 

50    @  51 

50    ®  51 

...@  .... 

100    @102 

91    ®  93 

91    ©  93 

92    ®  94 

92    ®  94 

90  JO  91« 

90    ®91 

5    ®    7 

5    @    7 

..® 

45    @  50 

43    ®  48 

20    ®  24 

30    ®  34 

30    @  35 

30    ®3S 

30    ®  40 

30    ®40 
108X®109Ji 

109    @110 

109    ©110 

108Ji©109>f 

108    ®109 

108    ®103 

... .® 

....&  .... 

48    ®  52 

48    @  52 

wiHmmtH 

102   ®ia3 

70    @  80 

82    ®  85 

82    ©84 

82    ®  84 

101    @102 

101    ®I02 

60    ®  65 

68    ©72 

60    ®  65 

67    ©  69 

33    ®  35 

35    ©37 

76    ®  80 

76    ©  80 

88    ®  90 

88    ©  90 

55    ©  60 

55    ©  60 

95    ®  96 

9l>i®  95)i 

106    ®108 

106    ®108 

. .. .®  .... 

. .  ..©  .••■ 

102    @103 

101     ®I03 

87    ®  89 

87    ®  89 

98    ®100 

99    ®100 

83    ®  85 

83    ©  85 

101    @103 

101    ©103 

108    ®!09 

107    @108 

88    @89 

P8    @89 

101    @103 

101    ©103 

74    @  78 

74    ©  78 

105    ®106 

105    ®106 
97    ®98 

97    ®  96 

101X©102)^ 
»7X@  98V 
86    ©  88 


Kedm.       Ang.  30.        Ang.  14. 
Perklomen  con.  mort.  (Jane  'V^  Roar.  by  Phil. 

AReadlng,  6a 1913 

Phil.  &  Krle  lat  mort.  (guar,  by  Penn.RR.)  68.  .1881 

Do.         with  option  to  be  paid  in  Phil.,  68  . . . 

Phil.  &  Erie  gen.  mort(gnar.  by  Penn.  RR.)6a.l920 

Phil.  A  Beading  general  consol.  mort  6a 1911 

Do.  linp.mort,6s J897 

Do.  gen.  mort,  1874,  scrip,  6'b 

South  &  North  Alabama  bonda,  68 

St  Louia  Tunnel  1st  mort.  (guar,  by  the  Dllnota 

&8t  Louis  Bridge  Co.)  9i 1838 

Union  Paclflc  Railway,  Omaha  Bridge,  88..  ,   .1896 

United  New  Jersey  Railway  and  Canal,  68 1894 

Du.  do.  do.  do.  68 1901 

The  weather  has  been  favorable  for  harvesting  the  crops,  and 
satisfactory  progress  has  been  made.  The  new  wheat  sent  to 
market  bas  been  of  indifferent  quality,  and  has  not  attracted  much 
attention  from  the  trade.  The  market  under  the  influence  of 
liberal  importations,  actual  and  prospective,  has  been  dull,  and 
prices  have  declined  Is.  to  28.  per  quarter. 

The  following  figures  show  the  imports  and  exports  of  cereal 
produce  into  and  from  the  United  Kingdom  since  harvest,  viz., 
from  September  1  to  the  close  of  last  week,  compared  with  the 
corresponding  period  in  the  three  previous  years  : 

ntPOBTB. 


1874-5. 

Wheat cwt.  40,696,099 

Barley 12.827,807 

Oata 10,663,898 

Peaa 1,831,770 

Beana 3,847,238 

IndianCom 16,086,606 

Flour  6,407,044 


Wheat cwi. 

Barley 

Data 

Peaa 

Beana - 

Indian  Corn 

Flour 


306,865 
187,701 
79,239 
18,833 
3,683 
M,481 
51,463 


1878-4. 
41,563,161 

8.393,973 
10,345.633 

1,448,040 

8,541,475 
18,402,044 

6,328,676 


2,.3.31,317 
2.'i4,117 
129,492 
11,667 
2,658 
146.276 
239.819 


1873-8. 
43,810.226 
12,86S,fi69 
12,260.933 

1.396,303 

2,603,688 
20,766,714 

6,352,733 


677,305 
21,484 
.26,416 
8,031 
3,538 
52.597 
37.827 


1871-3. 
87,999.540 
11,835,700 
10,581.515 

1,067,683 

3.191,453 
31,099,233 

3,:a5,S63 


2,205.390 
17,328 
107,515 
10,204 
8.060 
30,231 
83,734 


The  average  price  of  English  wheat  in  England  and  Wales  for 
the  week  ending  August  14,  was  51b.  9d.  per  quarter,  showing  an 
advance  of  Bs.  3d.  compared  with  last  year,  but  a  decline  of  28.  Id. 
compared  with  the  preceding  week.  The  advance  recently 
established  in  priceii  has,  it  appears,  induced  many  farmers  to  thresh 
more  freely,  not  only  on  account  of  the  more  satisfactory  harvest 
prospect,  but  also  because  of  the  rapidly  increasing  importations. 
In  the  United  States  there  is  apparently  a  great  desire  evinced  to 
market  the  balance  of  last  year's  crop,  if  we  judge  from  the  fact 
that  the  trade  at  New  York  has  assumed  a  heavy  appearance 
prices  having  declined  considerably  from  the  highest  point  in  spite 
of  the  large  purchases  which  have  been  made  for  export  to  this 
country. 

The  deliveries  of  English  wheat  in  the  150  principal  markets  of 
England  and  Wales  amounted  during  the  week  ending  August  14, 
to  31,175  quarters,  against  80319  quarters  in  the  preceding  week, 
and  17,079  quarters  during  the  corresponding  period  of  last  year. 
It  may  be  inferred  therefore  that  there  is  still  a  moderate  balance 
of  last  year's  crop  on  hand,  or  at  all  events,  a  larger  supply  than 
was  held  at  this  date  in  1874.  According  to  the  usual  method  of 
computation,  the  total  eales  in  the  Kingdom  last  week  amounted 
to  124,700  quarters,  against  68,310  quarters  last  year,  showing 
^he  substantial  increase  of  56,390  quarters.  Since  harvest  it  is 
estimated  that  the  sales  have  been  10,863,000  quarters,  against 
8,888,000  quarters  in  1873-4.  The  sales  of  English  barley  since 
harvest  have  amounted  to  about7,474,000  quarters,  against  6,157,- 
000  quarters  in  the  previous  season.  The  average  price  of  English 
wheat  for  the  season  now  approaching  its  termination  is  443.  2d., 
against  61s.  5d.;  and  of  barley,  41s.,  against  458.  2d.  in  1873-4. 

The  public  sales  of  Colonial  wool  were  commenced  on  Tuesday 
last,  and  will  not  be  brought  to  a  close  until  early  in  October.  The 
arrivals  are:  Sydney  and  Queensland,  52,210  bales;  Port  Phillip, 
59,463;  Adelaide,  14,703;  Swan  River,  808;  Van  Dieman's  Land, 
13,157 ,  New  Zealand,  99,366  ;  and  Cape,  59,907,  making  a  total  of 
298,608  bales,  of  which  about  15,600  bales  (1,700  Australian,  and 
13,900  Cape)  were  forwarded  direct  from  ship  to  the  continent, 
Yorkshire,  &c.  The  attendance  of  buyers  has  been  fair,  and  there 
has  been  a  fair  degree  of  activity  in  the  biddings.  Combing  wools 
have  realized  previous  rates,  but  clothing  descriptions  are,  in  some 
instances.  Id.  per  lb.  cheaper. 

BajCllali   niarRet  Reports— Per  Cable. 

Tliedailyolosingquotationsinthe  markets  of  London  and  Liver- 
pool for  the  past  week  have  been  reported  by  cable,  as  shown  in 
the  following  summary : 

London  Money  and  Stock  Market. —  United   States  65s   have 
I  fallen  off  i  from  the  quotations  of  last  Friday,  10-408  have  gained 
i,  and  new  fives  have  lost  |.   The  bullion  in  the  Bank  of  England 
'  has  decreased  £300,000  during  the  week. 


Saptomber  4, 1875.] 


THE   CHRONICLE 


223 


a«t       Mob. 

tormoocj M  t-lt  M  »-16 

•■      •ccooDl. M  V-ie  M  »-l« 

0. 8.  !•  <5-«0a.)  Un,  0id.lMX    IMy 

''       lan i««   to8K 

a.8.1040* IMV    1M<K 

R*«  to lOeS    106]^ 


Toei.  Wed.      Tbor.  Frt. 

t^Maolatormoocr M  t-lt  M  »-16     »«  11-lS  M  t-lS    M  7-l«  Ml-H 

94  V  M  n-lii  44  A-l*  M  ''-M 

IWX  llWf        !»]«  lOSK 

l»<Ai  lOSK        108K  IWM 

IMK  IMV        108  IDS 

10S3t  mu        ia63i  106k 

rt-a    qaot«(ioat    lor    Goitod   8tai«s  new  fives  tt    Kraakfort 
«are: 

U.8.MWtTM ....         UBX       lOOX 

Liverpool  GoUon  Uarkit. — a«e  ipeeial  roport  of  eottoa. 
Lioerpool  Broadituft  Market. — The  braadstnSa  market  closea 

heaTj,  qaoMtioD*  beinif  ■omewhal  lower  thao  on  Friday  laat. 

Mod.     Tom.       WmI.       Tbnt.       Frt 


8si 

ad  ad. 

naw(WMurB). VbbllS   0  »    0 

Wk«t(B*dirB.  •pD-Vetl    •    •  a    9 

■*      litodWlBlai  ...    "    M   g  10    8 

*    JpaL  Whita  dab)  "    lit  lis 

JDni<w.  mlxad)*  aaartar  H   t  It   » 

p«M/naaadlaa>..%oaut«rdl   •  41    0 


d. 
»  0 
•  • 

10   • 
U    1 

a  • 


•.  d. 

16  0 

«  » 

10  a 

11  6 

n  0 

«  0 


•.  d. 

tS  0 

•  9 

10  ti 

11  7 
81  3 
41  fl 


1.  d. 

r>  0 

9  « 

10  • 

11  4 
31  « 
4*  0 


lAOtryoot  ProoUtont  Marlut. — Prieea  rale  lower  than  at  the 
eloae  of  laat  week. 

Bat.  Hon. 

n  d.  ad. 

ttMr(g>sM)a««9le« MO  OS    0 

Pork(aMu)a«wfbU...       «   •  MO 

Bieoa  (kms  cL  aU.)«  ewt    MO  MO 

Unl  (ijacrlcaa)  ..."        M   •  M   < 

OW^MfAaar'a  !■•>    "        U   0  «    0 


a.  i. 
66  • 
80  • 
61  • 
M  0 
M   • 


Wad. 
•.  d. 
«  0 
M  0 
M  0 
H  • 
M    0 


Tbar. 
•.  d. 
»4    0 

:»  0 
M  0 
M  « 
SI    0 


W. 
•.  d. 

64  0 
1*  0 
M  0 
96  « 
61     0 


Aag.  »— Brig Elche UgtuTim Goldcoin $31,100 

Aug.  38— Str.  Alp* Port  «a  Prince... Silver  coin 600 

Ang.  M— atr.  Colombas HarsDa Goldcoin 51,813 

Aug.  16— 9tr.  Acapnlco Aspinwall Silver  coin  4,367 

Ooldcoin 3,317 

Aug.  16— Str.  City  of  ;^ew  Tork.Havana SUvercoln 8,S68 

ToUl  for  the  week $88,866 

PrevioiulT  reported 8,4S8,6S& 


$8,315,030 

Same  time  in— 

ISJO $7,683,033 

1869 9,847,»4i 

1888 5,539,784 


Uotrpooi  Proi%eo  JTarlMf.— Re6oed  pakroleam  ia  id.  lower, 
and  (pirita  tarpeDtine  haa  lost  6d. 

Men. 


•  ( 
•"•Uuiea-al  retoed  >. 


.epteltei 

rhltowfAaerleaa)...*  ewt 
Olaeenaad  ( As.  red), 
•plrlu  larpaatlaa ■■ 


Mau 

a  d. 

6   0 

tt   0 


»cwt 


10 
43    • 

fl    0 
■   0 


a  d. 
8  0 
U  0 
9 
10 
4«  6 
17  0 
M    0 


i.  «. 

•  • 

1$  • 

:o 

41  • 

tl  I 

M  • 


Wad. 
a.  d. 

■  0 

1$   0 

t 

10 
41    ( 

vr  0 

M    6 


Tbat. 
•.  d. 
5    0 

M    0 

• 

10 

43    I 

r  0 

tt    6 


•  0. 
S  0 
U  0 
9 
10 
43    6 

n  0 

tt    6 


London  Prodiuo  and  OH  MmrkeU.—lAmitA  and  ffagar  are 
lower,  while  lloeeed  oil  haa  gained  0<1. 

■at.        Moe.       Taca. 
£   •  d.  £   a  d.    £    Id. 
Uaa-«riM<aM).9UlO  13   0  M  IS   u    M  :^    » 
UaaeadfOaleatui...       31    1       61    »         ^1    • 
•acarOfo.ll  O'cb  etd) 

M*pot,vc«t  .  ..at      ai     331      ai      a*      no 

•Mnaoll    ...VCaa.M    O6M«O»l««M66MaiM00 

Wteleatl ■•M0iM00Ma0M60»4OeM00 

Uaaaad  aa...V  ewt.      MO        MOOO        «0        MO         ttu 


Wad.  Tbar.  m. 

«  e.  d.  1  •.  d.  £  a  d. 

W  IS    0  10  16    0  10  16    0 

SI    6  SI    •  61     6 

a  1 


(Commercial  aii^  iiliBcellaiuous  ^eius. 


Total  alnce  Jan.],  1875.. 

Same  time  in— 

JSl $3.898,4.30 

;|2 8.034.393 

}8™ 1,877,051 

ISn.. 7,585,801 

Natiohal  Trbxsurt. — Tbe  tollowing  forms  present  a  sam- 

oiar*  ot certain  weHklr  transaotioDS  at  the  National  Treasury. 
1.— Securities  held  ijytlie  U.  8.  Treasurer  in  trust  for  National 

Banasand  balancf.  in  theTreasarr 

_  Coin  cer". 

Week  For         For  U.S.  ^Bal.  in  Treasury.-,    ttficates 

aodlnr   i^ircalation    Oeooelte.      Total.  Coin.      Cnrrencv.  onut'd'e 

April  3..  380,619,600    18,SO3,JO0    3(<6,911.800         

April  10.  380.683.100    16,377.300    896.980,1)00    84,137.916 

AprU  17.  371,881,600    16,370.000    89(1,161,600    86.878.801 

KprC  M.  880,117,400    16.177,300   396.514,800    88.306.596 

Mar  I...  17«,S06,9aO    16.337,300    39\7S4,100    »t.6iS,6«9 

Mays....  Sn.a8a.40O     16.iSt.30O    396,386,600    88.814,435 

Maris..  «J»,198.«0O   16.017.t00   S9Mia,100  93.10.MS3 

MarttL..  8791186,900    15.9h7,»X)    39J,1S4.1M    M.aSl.Stt 

JaneS..  374,938,900    lS,917,i00   3S4.g6<,100    81,917,104 

Jane  IL.  518,174.400    1S,M3,300   394,116,600     83,ii08,659 

Jane  19..  176,860,400    t6,8»i,300    89t.79a,800     77,016  446 

Jane ».  nMW.600   16,817.100   39t,iaU0O    89.146,873 

loir  3.  .n6.n6,ooo  i\7m,3oo  3ti.i^M0     

fnlrlO..  17B,3a.0M  1S,7V),I00  391.m;K0  M,a08,B« 

Jairn..  «l9.1ffl,tH  JS.7«3.3»  390.«ngM  a,880.an 

JolrM..  n4,niLM3  U.79t,»0  3t8,MB,Ba  M,9i«,9a7 

Jair  31..  n4JM.3M  »,7»I.100  »8,18i,8M 

Aag.  7..  374,a7,aM  147«,100  aa8,1»,gM  71.961,411 

Aag.  14.  174.117.7U  18.7M,3no  3»3,;W,9al  70,716.897 

Aag.  11 .  ST4,78B.7a  18,791,100  3H,380,9«  70.738,807 

A    -  3*.  n4.Ml,7tt  18.793.100  S93,St3,96«  70.13S,6<» 

i. — .National  baok  currency  in  circulation;  fractional  currency 
(•eaired  Irom  the/'arrency  Bureau  by  D.  8.  Treasurer,  and  dl»- 
trilraied  weekly  ;a]ao  the  amount  of  legral  tenders  distributed: 


4,431.986  13,159,400 

3,160,344  13,150,500 

3.14»,8t8  31,311.500 

1,096.876  31,403,800 

1,870.135  11,186,400 

8.501,439  3O.84&600 

3,806.800  30,119.800 

8,4M,798  19.777,100 

6.874,655  19,648,300 

4,15.i,14S  19.306,100 

8,841,344  18.489,700 

i340i47i  li,673|66o 

1,076.405  16,301,400 

3,130,768  11,618,800 

1,777181' 1  tt,8e7',tob 

S,1M.370  19.740.7iOO 

3.411.875  18,561,000 
3,674,478    17.510,400 


Week 


ii4roHr*  AND  CxroKT*  rom  thb  Mrsn.— The  iaporu  thia 
wnek  show  a  deoreue  la  dry  goodi  aod  aa  laereaae  la  ireneral 
aerebandlae.  The  total  Importa  amooat  to  7,072,018  this  week, 
aoalaal  |7,a00 JSO  laat  weak,  aad  $)i.44S,M7  the  previoas  week. 
The  ecpotta  are  $4.146313  Ihia  week,  affalaat  f4.W7,X95  laat 
WMk  aad  f4.740.IW  the  prerlons  week.  Tha  eiporM  of  eottoa 
the  paal  week  were  74S  balaa.  ai^aiaal  MM  bale*  laet  week. 
Tbalollowiaffarethalaporuat  New  Tark  lor  weak  eadina( for 
dry  gooda)  Aof .  M,  aad  lor  the  wnxk  eadlaf  (|nr  Keaaral  ia<tr. 
ehsadlaet  Aon.  87 : 


April  8.. 

..•>.■■■■         .. 

M7,181,87l 

818,500 

April  10. 

S«ll8l,ltt 



April  n. 

S«,«14U 

700,000 

April  M 

.•■.•••         ...... 

S4t.T10,Ml 

ST4.100 

Marl... 

a8a,sM,8n 

881,700 

Mar  8.   . 

S41.4tQ,Ul 

813,500 

Maris  . 

«D,4BII,1M 

704.100 

Martt.. 

.       W^OIUM 

741,000 

Janes.. 

SN,«0.nB 

18M00 

Jane  It 

•4>,tt7JM 

636.800 

Jane  19. 

M8,W4.«T4 

887.M0 

JanaM 

tm,«mjm 

810,9M 

Jair  3.. 

141,18B,m 

Jalr  10 

•41,7SB,1M 
SSI,6U,TM 

Jair  IT 

Jalr  M 

.-      a<l1«4.4M 

Jalr  31. 
Aac7  . 

: 

Noteein  ,-Practlonal  Cnirencr.^  Leg.  Ten  . 
OlrealatlOB.    Beceived.   Dietribnted.  Dietrib'd. 
1,707,601 


Aoc  T  »g.iii,tta 

Aag.  14    Ml,ia8,tM 

Aog.n 84i.iaMa 

Aag.a a48.716.tll8 


1.1M.144 

1,997.468 
1,4«.775 
1,6W,8M 
1,808,800 
1,M6,137 
1,918,141 
a,lt8,Si6 
3,4ai,5M 
1,650.000 

i,M6,>ra 

1.000.010 

s,on,ooo 
t,6N,au 

6,861.986 

irwlMfi' 
i,in,6ts 


I  AT  aaw  Toaa  foa  raa  waax. 


Orr  good*  

Beaerel  •ercfeaadlM. 


•41146.711 

i,an.si6 


1978. 
$3.M1.IW 


18T4. 
$1.6M,ia 


1371. 

$1,686,640 

4,M1.4M 


*. 


W^, 


jm 


$7.37t,nt 
miS4JM 

•UauJaa.! •3M,4«:jW     ••M,MIJM      ^Hkjmjm    $a\7V(^ 

•  a  iiai  report  ol  the  dry  Koeds  trade  wtO  ba  (oaad  Iba  iBporuof 
dry  ifondaior  one  week  later. 

I'h-  'oMowioK  la  astatanaat  ol  the  exports (exeloslTe  of  ipeda) 
(roiDiU*  i>ortof  :{ew  York  to  foreiira  porta, for  the  week  eadlac 
Aaffoal  81  : 

aaw  Toaa  worn  taa  wasa. 


i«n. 


foriaeweek H'ail.iai         $5.< 

PrcTtoeaIr  reported..  .      14MM.440      I8I.« 

aiaea  Jaa.1.. 


1818. 


1814. 


$6^0(7 
MM7I, 


I17S. 
.   ^  $4,146,313 

»a,l7i.4s      iM.aa.M4 

•Mr.iaijas   $i3o.tajn   •m,i8i^4M    $m!amic8 

Ttie  lollnwiaK  will  show  (be  eiporta  ol  specie  from  the  port  of 
.Hew  V'>rk  tor  the  week  aad  lag  A  off.  28,  1873.  aad  ainec  the 
bairinntair  of  the  year,  with  a  eompariaoa  lor  the  eorrsapondinf 
date  to  prerioa*  rears  * 

t^IIfrtS??^***''''**- ■•■*■'"»"•"  A»erieaa  gold  oda     tmflOt 

■  Ciabria Baabonc athrerkire 8t^8M 


—The  Ceotjal  Trust  Compaoy,  harlng  a  capital  of  $1,000,000, 
opaaed  for  boalneae  on  the  1st  Inst.  In  the  baokiofr  house  on  the 
ooraar  of  Ptae  and  Nassau  streeU,  lately  occupied  by  Turner 
Brotben.  This  oompaay  is  the  last  one  ornniied  under  special 
charter,  authorised  by  the  act  of  1873,  which  act  has  since  been 
repealed,  and  it  has  the  rij^ht  not  only  to  act  as  executor,  admin- 
istrator, (foArdlan,  receirer  or  trustee,  but  also  to  transact  a 
rsfolar  banklnir  boaineos,  reoelTing  deposits,  purchasing  baslneaa 
pa|i«r  and  making  loans.  There  la  a  decided  prejuuioe  In  the 
eomiaanlty  jnat  now  in  faror  ol  thoae  Institutions  which  oonSse 
tbemaelrea  to  strictly  le((itlmate  bosioeas,  and  this  corporation, 
with  Mr.  Henry  F.  Spauldins  as  President,  and  a  board  of  trustees 
oompoaed  of  a  number  of  our  most  prominent  flnanrial  men,  seems 
to  baro  started  at  a  favorable  time  tor  securing  a  large  line  of 


ADV. 


BiHIlHfl  AMD  PINiilCliL 

xadb'    "  " 

Only  on  Cotton  in  Store 

and 

Approrsd  Stock  Szehanga  Collaterals. 

E.  X.  WATXB8  A  00. 


Aac.8»-«tr.Ctty«(BarUn Urerpooi 

ToUl  for  tta  «• 
Prerloaalr  reponsd, 


..aOisrhank. 


...    11,481.146 


t.»H $61,877,998 

I    naaataasla— 

$48,irUMll8N $14,881,448 

49MUH|18M •4,ri,144 

sMtCrnliifi a.i7s.iM 

.   M,a4LlM  I  1846  ...     33,164,360 

4Mai4M| 

ipeola  at  ibis  port  durlag  the  past  week  bsra 


BAILBOAO  BOIIDB.— Whether  yoa  wish  lo  BTT  or  SBLL,  write  to 

w*— T.WP  jk  CO.,  No.  -i  Wall  etnst.  N.  T. 


TBUa  BTATR  BOOTJS.  „  ,^  „     .. 

nosetsa  sad  Tasae  Centrtl  RR.  Pint  Mortgage  7  per  cent  Gold  Bonda. 
u.  U.  *  B.  PIret  Mortgage  7  per  cent  Gold  K>nd*, 

Tens  L>Dds  and  LaadSertp,  for  sale  by       _       _  .  „  „ 

WILLtAM  BHADT,  »  WllUam  st,  N.  Y. 


STOCKS 
Dealt  la  at  the  Raw  Tork  Stock  Kzchange  bought  and  sold  by  na  on  margin  of 
iraperesat.  PRmLKOBS 

KwoUatad  at  one  to  two  per  cent  from  market  on  BMmbera  of  the  New  Tork 
Kxchaace  or  reeponslble  partiea.  Large  soma  bare  been  realised  tb«  paei  80 
dar*.    Pat  or  cau  eoete  on  100  aharee 

$108  a 
Stnddlae  $180  each,  control  SOD  •lures  of  stock  for  80  days  wtthont  further 
risk,  while  maar  thooaand  dollar*  profit  mir  be  gained.    Advice  and  Informa- 
Uon  fomlahed.    Pamphlet,  containing  valuable  atatlatlcal  infonnatlon  and 
•bowtac  bow  Wall  straet  operations  are  oondncted  sen  t 

ntn 

To  aar  addreea.    Orders  sol  Id  tad  by  mall  or  wire  and  proroptir  ezecnted  by 
""'"""""'"  *■  ""    sSkars'ud  Brokert. 


TUMBIUOOK  A  CO., 


NalWaU^trast  N.'r. 


224 


THE   OHRONlCaiJl ' 


[^;^teinber  4,  18:5. 


®l)c    fiaukct0*    ®a?^ttc. 

NATIO.V.II.  B  VNKS  OfiaiNIZBO. 

The  United  Staes  Comptroller  of  tbe  Currency  furniahes  the 

foUowiD^  statement  of  Naiiooal  Banks  orfinniZHd  the  past  week  : 

S.SW-Nation-.I  Bink  of  Oranvllle,  New  Yi.rk.    Authorizod  cspiUI,  $100,000; 

imid-in  capital,  $5i),2iH).      l>aniel  Woodar  i,  Jr..   Prt--e.deiii;    Ueo.  K, 

Thompson,  Ca«hler.    AuthiirUe d  to  commeuce  bntincaa  Aiig.  S5,  1875. 

D  I  V  I  D  B  N  DM  . 

The  tolIowtnE  Dividends  hare  recently  been  announced  : 


CoaPAHT. 


Rnllruada. 

Nosqaehonlng  Valey 

Hanks. 
BiIIVHead 


Whkic  I  Hooks  Cuissn. 
P'abls.  (Days  Icclasire.) 


Friday,  September  ,3, 1875—6  P.  M. 

Tbe  noneT  market  aud  Fluauclal  Mltuatlou.— The  date 
of  our  present  report  is  suggestive  of  the  fact  that  the  Summer 
holiday  is  now  generally  ended,  and  the  stereotyped  reply  of  "oat 
of  town,  sir,"  on  inquiry  for  a  business  man,  will  not  much 
longer  be  heard.  To  those  who  have  been  in  town,  the  change 
will  be  satisfactory. 

The  principal  events  of  the  week  have  been  the  rapid  recupera- 
tion in  California,  with  a  prospect  of  resumption  by  the  Cali- 
fornia bank;  the  decline  in  our  slock  market  on  Monday  and 
Tuesday  ;  the  higher  rates  on  gold  loans,  with  some  depres 
sion  in  foreign  exchange  ;  and  the  call  of  the  Secretarj  of  the 
Treasury  for  $13,000,000  more  of  the  Five-twenty  bonds  of  1804. 

O'lr  local  money  market  has  scarcely  shown  any  cUanue  ;  the 
quotation  for  call  loans  is  1^  to  2i  per  cent,  and  on  time  loans 
monry.can  be  had  at  2  per  cent  for  60  days  on  first-class  collater- 
als, which  shows  that  heavy  lenders  think  they  cannot  do  better 
with  their  luods  till  the  first  of  November.  On  prime  commercial 
paper  ot  3  and  4  months,  quotations  are  5@6  per  cent,  and  on 
choice  paper  of  60  days  4  per  cent. 

On  Thursday  the  BanR  of  England  showed  a  decline  in  bullion 
of  £399,607  for  the  week,  the  discount  rate  remaining  at  3  per 
cent.  The  Bank  of  France  showed  a  gain  in  specie  of  26,894,000 
francs. 

The  last  weekly  staiement  of  the  New  York  City  Clearing 
House  Bankit,  issued  Aug.  38,  showed  a  decrease  of  $340,075  in 
the  excess  above  their  25  per  cent,  legal  reserve,  the  wliole  o* 
such  excess  being  $20,892,1?5,  against  J21,333,300,  the  previous 
week. 

The  following  table  shows  the  changea  froiu  the  previous  week 
and  a  comparison  with  1874  and  1873 : 

, 1875. ,  1874.  1873. 

Aug.  at.       Aug.  23.      Differences.  Aug.  29.  Aug.  30. 
Loans  anadls.  *J34.9eil.200  t282..M(>.!iOO  Doc.    $631,.S0n  t278.-il<i  SDH  $asa.8S:i,noo 

Specie 12..')85,i00      la.OLMiiO  Dec.       310,li00  18.fi38.1<iO  S.3,«96.JC0 

Olrcnlatlon....      18.231.600      18.021,000  Dec.       SI3,.iOO  25.603,.300  -^7.^81910 

Netdepostte..    546,176.8«0    24«.6iri,70fl  Inc..       469.900  W5,Oflo.  103  a20.390.rWO 

Leiral  tenders.      70.390.700     70,6U8.70p  Inc.       118.000  61.232.600  44.729,300 

United  states  Bonds, — There  has  ^een  more  activity  in 
Government  bonds  this  week,  and  dealings  through  the  hands  of 
private  bankers  have  been  considerable.  The  financial  corpora- 
tions have  been  the  principal  buyers,  and  latterly  there  has  also 
been  some  demand  for  small  lota  from  parties  who  aro  re-investing 
their  interest  received  from  ten-forties  Sept.  1. 

The  foreign  bankers  were  sellers  early  in  the  w«ek,  but  have 
recently  been  buying  again.  The  Syndicate  appear  to  be  dis- 
posing of  their  new  Fives  quite  readily, an^  no  doubt  is  expressed 
that  they  will  take  all  tbe  balance  of  the  issue  before  Nnvember 
1,  the  amount  of  which  was  $38,537.55Q  prior  to  the  $5,000,000 
call  just  issued. 

The  Secretary  of  the  Treasury,  on  the  1st  inst.,  i.«aued  calls 
for  the  redemption  ot  $13,000,000  of  Five-twenty  bonds  of  1S64, 
on  which  Interest  will  cease  December  1,  1875.  $S,00U,000  are  on 
account  of  the  sinking  fund,  and  the  foUowingi  are  embraced  in 
the  call,  which  is  the  twenty-fifth.  Bonds  of  the  act  of  June  30, 
1864,  as  follows : 

Conpon  Bondf-JSO,  ETo .  7M.  to  No^J-Seo,  Wb  incltislve ;  $100,  No.  8,701  to 
No.  5,300.  both  ioclusive  ;  $m>',  N6.'4,30l  to  No.  7.600,  both  Inclusive ;  $1,000, 
No.  16,201  to  No.  30,000.  both  Inclusive— total,  $».500,000. 

Begifttred  hOEdf— $50,  No.  31  to  No.  50,  both  Inclusive;  $100,  No.  851  to 
No.  400.  both  Inclusive  ;  fbCO.  No.  20i  to  No.  350,  both  Inclusive;  $1,000,  No. 
1.101  to  No.  1,850,  both  rncIusiTc;  |5.00^  No,  801  to  No.  1.200,  both  incla-ive  ; 
$10.('0P,  No.  1,621  lo  No.  8,037,  both  inclusive-total,  $3,500,000.  Grand  total, 
$8.000,00a 

Bonds  embraced  in  this  call  will  be  paid  at  any  time  previous  to  their 
maturity,  upon  presentation,  with  interest,  to  date  of  such  payment. 

A  second  notice  was  also  issued,  being  the  twenty  sixth  call  for 
the  redemption  of  Five-twenty  bonds  and  embracing  the  following 
bonds  of  1864 : 

Coupon  Bonds—  $50.  No.  1,501  to  No.  2,500.  botli  ioclnsive ;  $100,  No.  6,301 
to  No.  7,000.  both  InclUBive  ;  $500,  No.  7,501  to  10.100.  both  inclnslve  ;  $1,OUO 
No.  30.001  to  So.  311,800.  both  inclusive.    Total.  $2,750,000. 

Hefcistcred  Bonds-f.^O.  No.  5!  to  No.  63,  biith  inclusive;  $100,  No.  401  to 
No.  6i'0,  bothliiclubive;  $500,  No.  351  to  No.  481.  both  incusive  ;  Sl.OOiJ,  No. 
1,851  to  No.  2,e.V),  both  inclnfive  ;  $5,000,  No.  1,201  to  No.  1..550,  boih  iiiclU9lv6; 
|10,000.  No.  3,038  to  No.  3,760,  both  inclublve.  Total,  82,250.000.  Grand  Total, 
{5.000,000. 

Closing  prices  of  aecarities  in  London  have  beea  as  follows : 


U.S.6s.5-20'a,  1866,  old.. 

U.  S.  6b,  5-SO's,  1867 

D.  8.5s,  10-40*1  V 


106  Ji 
luS>» 

, ,  104;< 

Wew58 1  105« 


Aug. 
20. 


Aug. 
27. 


106),- 
:08V 
104X 
105  Ji 


Sept. 


105 
10.')>^ 


Since  Jan.  1.  1S75.  — 

Lowest.      I     Highest. 


105!.^  Apr.  aaj  'MH  Apr.  9 
lOfiX  June  18  109X  May  5 
102X  Feb.  13 1  107  Aug.  13 
102     Apr.  131  105X  Au^.  16 


CloBlng  prices  d«lly  hava  been  as  follows : 

Aug.    Aug.    Aug. 
Int.  period.     iS       m.       31. 

•e,1831 reg..JaD.  AJnly.    120^  •iJO^  •120H 

«e,  1881 coup..  Jan.  at  July. 'las       Ui     *HiH 

Bs.  5-80' 8. 1864 reg..May  AHov.  •11BK 'HfiK 'HiiJi 

69,  5-20'b,  1864 coup.. May  4  Nov.    IIOH 'USX    117 

68,  5-80'8,  1865 Kg.  May  A  Not.  •118       118     'Mii 

«8,  S-a^s,  1885 coup. . May  »  Nov.  •118      •!18      'MS 

68,  5  20'8, 181)5,  n.  1.,  reg..Jan.  4  Jnly   •nfiji  •llSJi  •118X 
88, 5 -20' 8, 1865  n.l.,coup..  Jan.  4  Joly.  *U»ii  "n^H  •llfH 

«8.5-20'8, 1867 reK..JaD.  A  July.    ii0\<  

68,  5-20'8, 1861.... coup.. Jan.  &  July.  120;i 
.Jan.  &  July. 'laiJi 
.Jan.  A  Jjrty.«iaO)4 
Mar.  48ept. 'tis 
..Mar.  AGfept.  119^ 
..Onarterly.  'UBJi 


6«,  5-20'9, 1868 rec 

6a,  6-20'B,  1868 coup 

5s,  10  40'B rcg. 

58, 10-40's coup. 

58,  funded.  1881 reg 

58.  funded.  1881,  ..coup 


arterly.  •117 


120;i    15!'X 

i2nH  •i2flK 
120«  'laox 
lSO?i  *iso>i 

US}i  115^ 
llflX  *119 

11^X   ivy, 

•117        117H 


»8,CuircnCT reg. .Jan.  *  Jnly.  •123><  *128>i  'ISa 


Sept. 

120X 
•1-«X 

117 
•110)^ 
•II7X 
•118 
•118 
•!18 
•120 

W% 

ia"K 

tao 

•1  ix 
•ii«x 

•116J^ 
•116V 

ma 


Sept. 

•I'Jok 
122 

•IKIV 
•ll«X 

ir.\ 

•117K 
1I7H 

•1I»5< 
]19J< 

•II!.  Ji 

•lao 

115X 
lltiX 
116X 

116J< 


Sept. 

3. 
•i20>^ 
•122 
•II6X 
llHJi 
•ll-X 

•iirji 

•118 

118),' 
•120 

:ao 

•120 

•laox 
wx 

117 

*ii6>; 

•117 
•122>f 


•  This  is  the  price  bid 
The  range  in  prices 
of  bonds  ouwiandiDg 


68,1881 reg.. 

6s.  1881 coup.. 

6»,5-20's,  188» coup 

6a,  6-80'8, 1364 coup.. 

6s,  5-20'8,  ISW coup.. 

68, 5-aO's,  1865,  new,coup. . 

68,5-20'8,  1867 conp.. 

6s,  5-80'8, 1863 coup.. 

59, 10-40'8. reg.. 

58,  lO-40's conp. . 

58,  funded.  1881.... coup.. 
6s.  Currency reg.. 


no  gale  was  made  at  the 

.  since  Jan.  1,  and  the 

Sept.  1,  1875,  were  as 

. — Range  since  Jan.  1.- 

Lowwi.  Highest 


118     Jan. 
llSJiJan.    8 
114M<r*n.    2 

115?iAug.    2 
inxJaiy  24 
in^iJon.     8 
118X  Jan. 
118    Jan. 
113>^Mch. 
lI3XMch. 
113K  Jan. 
inXJan. 


Ii27i  May 
136J<  June 
118Ji  Apr. 
121  Apr. 
122Jr  June 
l24>i  Jnne 
WiX  June 
•.SRX  June 
118«  June 
llHJiAug. 
119  June 
184K  Apr. 


Board. 

amount  of  each  class 

follows: 

-^   . — Amount  Sept.  l.—« 

ReglBtered.  Conpon. 

28  $193,371,850  $ 

17             89..304  500 

li«.6.50  •^9,830.560 

S6..32;.000  32,(6.i800 

33.80.'i.0.50  118,731.3  0 

63.387.ti50  144,3a\460 

88.8';4,450  221.7.58  3f0 

M.478,0(;o  82.996,010 
141.619,850 


a07,9a7.f00 
64.623.512 


52.9)6  450 
220,278,950 


State  and  Railroad  Bonds.— In  State  bonds  the  most  activity 
has  been  in  Virginias,  which  are  decidedly  strong — the  Consol 
bond.s  selling  up  to  61  today,  ex  matured  coupon.  It  is  reported 
that  they  have  been  bought  to  some  extent  for  foreign  account. 
Tennessee  bonds  have  not  been  as  active  in  transactions  at  the 
Board,  and  to-day  the  old  issue  was  quoted  at  51  bid  and  53  asked, 
and  the  new  at  50-52.  At  Nashville,  m"hny  of  the  best  informed 
think  that  the  next  January  interest  will  not  be  paid,  but  that  the 
coupons  due  last  July  may  possibly  then  be  paid.  Interest  ou 
South  Carolina  funded  bonds  is  not  now  paid,  for  lack  ot  money, 
which  was  lost  by  the  failure  of  a  trust  company  ;  but  it  is  hoped 
that  the  legislative  meeting  in  November  will  make  provision 
for  the  next  January  interest. 

Railroad  bonds  have  been  more  active,  and  during  the  past  two 
days  some  of  the  most  popular  bonds  have  advanced  sharply  on 
considerable  purcha.se.o.  The  prices  of  some  of  these  bonds  were 
considerably  depressed  by  the  California  news  last  week,  and  the 
decline  in  stocks  in  the  first  part  of  the  present  week,  and  th  ua 
olTered  a  good  opportunity  for  profitable  purchases.  The  Pacifies 
have  been  most  active,  and  these  as  well  as  Chicago  &  North  w«st 
consol  gold  bonds  have  advanced  1  to  3  per  cont.  above  their 
lowest  prices  touched  during  the  week. 

An  advance  copy  of  the  annual  report  of  the  Central  Pacific 
Railroad  for  the  year  1874,  has  just  come  to  hand.  In  1874  the 
gross  earnings  reached  the  enormous  sum  of  $14,531,355  (cur- 
rency); operating  expenses,  being  only  40  35  per  cent  of  earnings, 
were  $5,818,977;  net  earnings,  $8,682,873;  total  interest  charge, 
$3,-389,824,  gold.  A  further  report  to  June  30,  1875.  gives  the 
following  statement  of  the  earnings  and  operating  expenses,  in 
mixed  coin  and  currency,  for  the  six  months  ending  June  30,  for 
the  years  1874  and  1875  : 


1874. 

•Tanuary...  $79.5,798 

February. .  731.386 

.March 8M.252 

April l,08>).64t 

May.......  l,s8J,Jt8 

Jane 1,260,032 


-Gross  Earnings.^   ^Operat'g  Exp'ses.- 


1875. 
$891,218 

.'■2;,7:« 
1,031,704 
l,25li,2T9 
l,t)'i8.669 
1,602,500 


1874. 
-  $411,855 
361,941 
418. '38 
408,582 
419.537 
400,388 


1875. 
$485,2.39 
445,195 
481..'j13 
47. ,0118 
.505.2')2 
656,(100 


EarningB  over 
Opel  at'g  Exp'ses.— . 


1874. 

$  i83  943 

3b9.444 

4lr.'),813 

681,059 
808,981 
879,643 


1875. 

$406,003 
ilSi,542 
5'i2,190 
779  180 

1,163.376 
946,500 


TotalB... $5,003,6,0    $7,280,133    $»,420,744    $3,050,840    $3,48!,885    $4,289,793 


Daily  closing  pri 
since  Jan.  1,  have  b 
Au^ 

28. 

esTenn.,  news...    '50 

6>  N.Car.,old.... 

Ss  N.  Car., new... 

«B  Vlrg.,  consolid 
do        'id  series. 

6eS.C..J.  ft  J 

68  Mo.  long  bonds   102 

.>I.T.C.4H.  I3t7« 

O.Pac.,gold6«... 

On  PaciBt  68 -.. 

do     l,'dGr't7« 'li'OX 
do        B.  F.  8«..      97H 

Brlelst  M.7B 'lOlH 

N.  J.  Cen.ist  7s..    Ill 

Ft  Wayne  l8t  78.    "liax 

RoCiirBl<llst7«...  MftiX 

C.  ft  N.W.  gold  7s     87 


•18 
•11 
•6.^^ 
•48H 


Itex 
io;i< 

1112  K 


ces  of   a  tew 
eenas  follows 

Aug.    ^ug.  Sept. 
8iJ.       SI.         1. 
51       -49^      .... 
-.8       "IS       '18 
♦10 
•85 
•43X 
.  .   '21 

'IDIK  '101)4  'lOlK 

•118V  'I'.IH  'lUii 
lOi;^    lOlH   lOlX 
Wm    102.^    I0X>4 
iOO'4  'VK 
9TX      96^   I92H 

•lOiV^      

•;iO>4  •UOSi    llOV 

•Win  "iiax  113 

103     '109       no 
Sla      87         B( 


leading  bondsr  aud  the  range 


•10  'to 
'«tV  •6i 
•48  H    '48 


S«pt.  Sept. 

•49'x  '.lOX 

•18  •IS 

•10  '10 

•65  '65H 

•4JX  •48X 

•win  loiji 

•116 i<  •:1S< 
lOlV    10i¥ 

loijc  loax 

II»IS 

93«      93« 
101        101 

•HUM  •iiox 
....  'lias 

109      ■103X 
87         87)4 


—Since 


liowest. 
44  Jan.  ■.!7 
20  Mob.  2. 
II  June  12 
55)4  Jan.  * 
36  Mch.  2! 
80  Mch.  20 
MX  Jan.  14 
lllX  Jan.  18 
9iJ,  Ian.  6 
90  Jan.  6 
90  Jau.  e 
8liX  Jan.  5 
lOJ  May  29 
lir7,H  Feb.  I 
106)4  Jan.  7 
105  Jan.  5 
79    June  IS 


Jan  1— -^ 
Highest. 
5^)4  Jan.  5 
29  Jan.  18 
16  Jan.  7 
61)4  Apr.  3 
45  June  7 
35  Jan.  21 
[03)4  Jnne  23 
inx  May  17 
106:^  June  23 
lOfiX  June  SO 
I0«  Aue.-.'7 
i:%  Aug.  25 
lOI),  May  9 
115  Apr.  0 
114  June  35 
lUH  June  6 
SJK  Aug.    4 


•ThlB  Is  the  once  bid.  nosaKwas  msdeaLitie  Board. 

Railroad  and  MIseellaneons  Stocks.— There  has  been 
more  interest  in  stocks  this  week  than  for  some  time  previously. 
At  the  opening  on  Monday  a  free  selling  moveni.ut  was  com- 
menced, aud.  under  the  lead  of  Western  Union  Telegraph,  there 
was  a  general  decline  in  the  list  of  active  stocks.  Nothing  in  the 
financial  situation  was  found  to  warrant  this  turn  in  the  market, 
aud  it  was  generally  attributed  to  sales  on  the  part  of  large 
holders  of  stocks,  and  particularly  to  sales  of  Western  Union  by 
the  party -n ho  is  always  credited  now  with  being  the  heaviest 
operator,  whichever  way  the  market  may  turn.  The  lowest  prices 
were  generally  reached  on  Tuesday  and  Wednesday,  since  which 
there  has  been  a  material  reaction  and  a  recovery  in  prices 
throughout  the  list.  To-day  the  tone  was  heavy  at  the  close,  and 
prices  near  the  lowest  of  the  day.  The  range  is  given  below  for 
each  day  of  the  week. 


September  4, 1876.] 


THE   CHRONICLE. 


225 


The  sntllrment  of  th«  agreem^Dt  betwMB  PaD&nu  and  Pacific 
Mail  ia  again  aooouooed  aa  completfd,  while  the  agreement 
betwet-n  Wfgtern  Union  Telegraph  ia  reported  as  off.  The 
Mitliog  and  uoiculing  of  agrermtnta  between  theee  companici, 
whoee  stocks  are  actively  dealt  in,  fumiahes  a  fine  opportunitj 
fur  "niilkioK"  the  market  to  anv  party  who  can  ancertaiu  just 
what  ia  going  to  be  done.  The  lluctaations  in  the  past  few 
montbr  in  the  stocks  of  all  the  cniupaaies  above  namr^l  have 
been  eoneid'>rab)e.  New  and  higher  paaMOger  rates  to  the  West 
on  all  the  irank  line*  were  fixed  \a*i.  vreek,  and  this  is  among  the 
hopvtul  rigns  for  railroad  business,  altLongh  rates  are  still  too 
low,  particularly  on  freight.  Aa  an  illoatration  of  what  is  done 
in  "a  railroad  war,"  the  presence  of  gentlemen  now  in  this  city 
from  Cincinnati,  on  tickets  »X  $10  for  the  rvund  trip  here  and  back, 
is  a  forcible  instance.  Such  tickets  wera  sold  in  Cindnoati  good 
to  September  15,  and  we  are  informed  that  the  "cutting"  was 
commenced  by  the  Atlantic  k  Great  Wastem  line.  This  fact  is 
worthy  of  some  notice,  aa  it  ahowa  what  difficulties  the  yet  solvent 
railroads  throughout  the  country  hare  to  contend  with  in  fixing 
ntea  to  compete  with  bankrupt  roada  that  are  operated  by 
reeeiren.  If  a  bankrupt  railroad  lust^s  money,  who  pockets  the 
low? 

For  the  porpoM  of  showing  the  total   timnaaetions  of  the  week 
in  the  fading  sloeka,  we  have  compiled  the  table  following : 
Padlc      Lake    Wot'n  Cblc  *  UBloa    Ohio  * 

Uolan.  Mveal.  Ste.  PaeUe.    Mlsa.    Wab. 
M.MO     3  300     UOO     *,X0  ¥a        MO 

•two  — 

•i,aoo 

«i,IOO 

usoo 

IMOO 


•♦    «l. 

S^    I. 


Man. 
lt.7D0 
U.MO 


•.aao 


Binm 
14,«I0 

H,IM 


«i,wo 


it.9oa 

t.«ao 

t«o 

1.800 

aw 

t3.*«0 

MOO 

5.«0 

«,100 

aoo 

ii.'mo 

Kim 

l,«W 

4.100 

I.IW 

«.«« 

*,*» 

doo 

«.» 

«,« 

»jn 

LlOO 

40O 

no 

TMal. 


A«(.  ». 

(MM  'MH 


OLtOO    ■B.SOO    0.300 

. «£mI  anjM  MB.no . 

Th«  laat  liaaTa  the  prseadtog  table  ahowa  Iho'leiail  nambar  of 
aharaa  of  each  of  tbe  alocka.  now  outstanding,  so  that  it  may  b« 
aeen  at  a  glance  what  propartioo  of  the  whole   Mock  has  beeo 
turned  over  in  the  week. 
Th*  dAily  highest  and  Inweat  prices  liaTe  been  aa  follows^ 
••tardAi, 

«.Y.O«aAliJl.  I»i?ls«)( 

Hsrtea 'MIH  l« 

«rt« IS      W 

LAkeSkor*....    thl  *>- 

WklMSk «S     t 

■orthvwt 4i8  «T' 

■a«K  IsUad  . . .  19:% 
•t.  Pul r\  171 

do       pfH....    an 

At.*  P>c..pr<t 

OkloAMtM..      :*V 

Ceairalo:  N  '  •'•'  - 
0«I..L.a  Wr. 

a*a.a»i.j" 

l/iloa  rmclte 

SI.Ckle.AI.c     ••■i 
aaM. 'vn 
?3fcw  - 


S^r 


»rp<.l.  H^pt-l. 

-      i«   nMiJ  mi 

...     »«    • 
«N    at;  MM 


^  8^  J|8  t»« 

mf 


...    If        MM  l«M 

....   •...     »t 

r,M  •....  i»H 

*T»l»l«t««»ct— 'ia«»«l«so»-i|  ■•••«  «MaM«aa>ia«  Baara 
Tbo  •■tiro  r*B(o  tnm  Jaa.  1 ,  1874.  to  tbU  data,  waa  aa  follows : 


TJJj 


■.T.C«B.*Ua«.*. 

Harlea 

Irie » 

Lake  Shore 


.SX'"* 


tfOSthwMt 

4o        aref. 
lock  laUai.... 

■t-raal 

4a       ar«f. ... 
Atianilc  A  PaeUc 
OhteAMI 
Cvatral  of  New 
(M.,  Lack.  *  Watlan.Mu  Jan 

UaaBlbal  *  8t.  Jo UK  laa 

(Jnlan  PifiSe  ...  ~ 

fn:   .  .•:■',  A  LC 
P«'l«:n» 


.l,m,la 
Lo««sC     I     III 

■  MO     Msr  ttlMTX 

■  ttlit  J»t,     III* 
.  ItV  ''oo'  *'■    *H 
.  K    Joa*    II  KM  Jan 

4{(JnBe»  *>K  Jaa 
■9  imam  tO^  m%  Jaa 


„  „         t'  m\  Jsa. 

M  U»y  9>  l.>;.  Aac. 
•Hi  Jan*  11    tf^Apt, 

I 


101.,  .  . 


i\  Jta 
..  .ii  Apr.  tl 
»  va  Aar.  (7 
a  3»^  Mck.  • 
IS  an  Jaae  i 
S  Jane  is:  *m  Jaa.  I4| 
IWUfJaa.  tnn     Af». 


wkou  jmi  urn 

Lowwt.     '     HIahMt. 

IK  Mar  IIIOftNMch.ll 

tttSJSB.    I  IMMFcb.  U 

,       .     Dm.  10,  SU  Jsa.  U 

t  OTH  JaaelO,  M^Jsa.  U 

t    \B\  Dec  M,  UM  I>a.  t« 

4'  U\Jmij  IS   Otli  Jsa.    « 

I    tl      firpt.  to'  TSM  '»*■    • 

tk  MM  Jan*  t«  KWM  Tth.    • 

.     ,       •'dm  M*r  ■«'  4»KJ»-  10 

''^S  Aac  Hi  46     Mar    fti  '<H  '•*>■    * 

Apr.  »,  loM  Sept.  «  n    r»b.  la 


Wfi'.^rn  C'-.I/jbTsI....  TOi  Fsb.  17   «4\  A^ 
*»Hiit. 


AilMtlc  *  Pictle  TsL.  !S 


QalaksOrw 

io        prtf 

PasMaHail 

kSMatorns 

»ast1>aa  Kxpiiss 
DdUkI -lUtM  Bi) - 
W»ir..  Farro  *  f. 
The  <ial4  .TIa 


i:\  JBMir   t*     Jsa.   10 

a«    jsa.    s  !0»x  Peb.  tO 

M     Jsa.    t  t'.tvPab.  M 

MM  B*P(-  ''    34l(  Jsn.  IB 

II    JaaalT,  Kit  Mck.  It 

»     Sept.  I   nS  Mak.  M 

tot    Apr.  ailia    Jan.    ( 

•0     Apr.  M  mn  Dae.  M 

14    Aac.  «.  »    Not    T 

n%  Apr.  m'  MM  !*crT.  M 

li     Jaa*  lOi  4t     Mot.  (T 

tlN  Dae.  U    SIMaapCM 

9*M  Jaa.  It  l«    Hot.  U 

»  Mif  Jbb.    t'  «»M  Dm.    t 

«0     Sept.  to   U     Tt>.    • 

ttW  Jaa.    Si  M     Xot.  10 

i^   '  —    -;;.-.u;;od  mors  attaoUoo  thU 

onaoqaeneo  of  the   lili:bar  nt««  fbr  borrowlog,  and 

nila    difOrallies,  aixl    the 


Jaiy  14 
la    Mar  14  »    Jaa. 

to  Jalr  te  44  JOk. 
ION  '•«■  io  4AM  Abt. 
to     Jsa.    tlSiHll^l 

V)      .I,n.  1-     V      Jan 


nxm  tor  bonowlor,  and 

pftee   haa  flactakiecT  from 

'I  lokaa  tbe  rataa  for  borrowing  often  ranged 

..  kod  on  Tueoday  went  aa  high    aa    116  ; 

u»-aay  mo  lermii  were  3-W,  \  Xi.  1  M  par  diem  aad  7,  fl,  3  and  8 

po*  *i^  por  kaaam  for  borrowing,  aad  at  tho  ekae  "  flkt>"    Thia 

)4>pamt  aeaidty  of  caab  gol<l.  comlaff  at  tho  aaoM  tiaa  with  the 

Trossary  traaafars  to  California  (whteh  wff— t  altogether   to 

tl.OQO.OOO  to  date!.  li»4  ,-lron  rise  to  T— awuil  minora  of  a  apeen 

latiTe  atoTcaen-  ie«»e"  gold  and  affect  an  advance  in 

the  premlna  or  rbitant  rates  bom  borrowera.    Daring 

■    of  |je-p<,.[nt.fr   th.-    Tr^asunr  will    s«ll    94.000,000  in 

.000  on  the  first,  thirl,  and  flflh  Thnrsdaya  each,  and 

T  '■"  «*«i>Bd  and  fmrth  Tburadaya  each.     At  the  first 

<t..  the  total    i<i<ls  anumntad    to  f4.0SO.00O,  and 

'OOOwaaawsrloii  too»o  firm  at  114.05^114.0)). 

lOWMk  w.rn  13,914.000. 

it>lo   will    ahow    tho   ooarao   of    gold  and 

O[»'r*uons  o{  tiie  uold  Cuhang*  BMk  ««h  day  oi  the   paot 

we^-k  : 


Totsl      . Balances. , 

riearitiKS.  Gold.  CnrrencT. 
tJO.OCO.OOO  »1..161,S97  «1,T6S,545 
Ifi,f54,0f0  1  (89  out  l.i44,0O0 
1,747,87.5 
2.S19,611 
1,0SS,980 
926,859 


41.(147,000 
4)>.5;&.000 
»7,T8O.0O0 
S6,318,000 


2,074,460 
S,SS7,658 
1,219,021 

i.cai,«M 


. (toatat)ons. . 

Open-  Low-  Hlf;h-  Clos- 

tne.  cBt.  e«t.  ine. 
Astordsj,  Ane.  «8....11S;4  Ii3'i  114  114 
Monday,  •'^  30. ...114  114  114X  114« 
Toetdsy.  "  31....il4S  114X  114X  lUM 
WedDei)d*j,(<(pt.l....ll4)a'  114«  114K  U4)i . 
Ttanrsdsy,  "  2.... 114  il3V  114X  IMJT 
?rlday.  •'     3...  114)^  i:4>,-  n4K  ii*H 

Onrrentweek 113«  I13,V  114X  IHX  >»O8.974,C0O     f »... 

Previoas  week lisyt  \:a^  lUX  'MJi     130,706,000     1,7S5;692     2,068,958 

Jsn.l.lSTS.  tod*te...lt>x  lUV  117)^  114y         

PorelKB  Kzcbanee — Exchange  fell  off  sharply  on  Tuesday 
in  consequence  ot  the  higher  rates  on  gold  loans  and  the  fears  of 
another  movement  to  make  gold  scarce.  On  actual  transartions 
prices  were  made  as  low  as  4  84i  for  sixty  davs'  sterliDg.  and 
leading  drawers  reduced  their  quotations  to  4  85i  and  4  88  for 
long  and  abort  respectively.  Subsequently  these  rates  were  con- 
sidered too  low,  and  an  advance  of  ^  point  waa  made  yesterday, 
at  which  they  remained  today,  with  a  concession  from  these 
ratea  in  the  morning,  but  more  firmness  in  the  afternoon.  Quo- 
tations are  aa  follows : 


00  days. 

Prinebankera'tUrllDgbUls 4.86    C|4.8ilV 

London  good  bankera'  do 4.8IMtt4-(lC 

London  prime  com.  Iter  do '....1.84    St.f*St 

Paris(frBBea) 6.ie!«»6.l7^ 


-Sept.  S.- 


3  days. 


Antwarp  (franca). 5. IBM 

Swiss  (franca). 5.10KC 

Aaatardaa  (kallden) 40x2 

Haabarg  (MiekBULrks). MKC 

fraakfort  (rekknuu-ks) B4XJ 

BtcmaB.  (r«lekmark>) Mtii, 

Praaslas  (rslckmarks) MXO  

The  iranaaetiona  lor  the  weak  at  the  cuaioio  Booae  aiid  Bub' 
Troaaurv  hare  been  aa  followa: 

(^Mtom   .-  Bab-Treaanry. -» 


Hoase 
Mawlpta. 

Am.  It t»4i.000 

•^  » 501.000 

"    n 4tt,nao 

Sept.  I sa^ooa 

••      1 618,010 

"    s tn.ooo 


-Raeaipta. 


Pajmenta.- 


Total <UI4.000       S.MI,S80  14     4.i4UiiS  M   4,806,063  38     5,515, M8  IS 

■alaaca.  Aac.  17 SI.MI.891  41  n.7II.Sn  79 

Balaaea.  SepL  !_. 35,318,117  90  61,441.707  87 

"•'"Torn  01t»  Baaka — The  following  statement  showa 
theeondition  of  the  Associated  Banka  of  New  York  City  for  the 
waok  ending  at  the  eommrneement  of  businesa  on  Aug.  3S,  1875: 

AvaBAea  AHotrirr  or- 


aav  Tarfc..*., 


Loans ADd 
Dtscoaats. 


Spec)*. 


LrnI 
Tenders. 


Net 
DrnoslU 


UUXCM    l/iS4,IM   ll,MJ«     aWU-IOI 
•.IS.MO        ilOJUO      —        

iciti,m 
t.>9«? 


LdOO,*! 

aooMe 

T«aih  KsUoaal l,oac.OCO 

BovatjIMIoasl  ..       tsujKt 
HawYMfcCo.  Vat.       Mr).i«« 

IJ)0(l,C«V 


'•?S1S 
cSaB 

l,tM,l«l 

\Mijm 

%,VHM 
1.111.400 


Clrcnli- 

ItOB. 

IS.O0O 
1,100 

4^4«o 
in,«xi 

«»,400 


4«iut 

447JH0 

IISM 

Itl^ 

t.100 

>n,MO 

140.100 

m.ioo 

4ltj0M 
I.740AW 


m.iM 
itiioc 

6,900 
MIJOO 

i»,im 

W/KIO 

l»l;'PO 
l,M« 

IH>0 

esijKD 

773fl«W 
4.»00 

i»»llB 
4.0t« 

i04/)00 

tfUCO 

MMOO 


1I6,(0« 
l.ltV.tW 

i,3w,oao 

I».IIIO 
tVMt 
4S,VM 
49,400 

rroSro 
acMC'O 

iltjOOO 
160,000 


...IBC.     04(1,10  0 

..Dec.    iia,i;oo 


e 

onr  4»o«d«.  

Tnaal i;n»<J0CiaHJ»Mfl»:#W/)4».IOOI70JW.7WIS4«.«4«^Wtl8«l.OM 

The  doriatioDS  from  the  retama  of  the  previous  week  are  sa 

followa  I 

Uwi* Dae.    IMtjeOI  SetDepptItt 

iSSi .P««.     a40jou  circBUtioD.. 

tSsiltiidV^.". loc.       ll«/>0  .         .  ,.  . 

TbefoUowioc  are  thetoUls  for  a  aorlea  of  weeks  past 

"  L«f*l  Clrco- 

8p*el«.      Tsndsrr.       DepealU. 

lo'kW.too  i«.ai,900  ns,iM.7oo 
liSjoo  ««.M)3o  w-H-iS 
iM-.(mo     7i.4>i.^«i     aa.i«^ 

t*^400      73.VU.I00      a4iJN.7no 

wtn.m  Tumaoo  2S.«2go 
14 A  .100     7s,7».«w     gsojasjoo 

nM«.*W       7S.('l6,IKn       B<.l».«« 

\\-nXO       7fcS6l  too       M1.04S.I00 

-I.IOO       7»JI0LJ()»       »l.44!J»t'0 

•.100     io,Ta4.ioo     vi.'<avo 

M»0       ■MUK.'VI       JH.m.WO 
iSJMS.KW       7O,S0e,70O       »4«,6W.700 


jaaalt... 

JOB*  It... 

Jan«  3S... 
jnlr  «... 
jnlf  1«... 
JOT  17... 

joir  J4.  . 

jalTl!... 
ABxnat  7 
AB«a>t  14 
A««">tll 


LOBBt. 

in.WTJOB 

m.ti;.so) 

r:tsuM* 

r.-.ntxe 

TT'.HC.TOO 
i«.4S4jaO 
ISt.MtJOS 


Aoruta  iuja,wo 


18.4E.IO 


Circa 
UlloD. 

i».4M.iaa 

I*.II9.(XI0 
I»J)1»J00 
UJS1.600 
!SJM.MW 

\tgi\Mia 

iBjti.an 
IM1«.I(I0 
lilJIIJSO 
1S.4U.7<S 
111,2)4 .9m 
19.031.(100 


A««Te«ii« 

Cle»rlp»» 

Mi.ia.tio 
isa.7».4M 

4'44.<<4.4«t 

4;h.hq."«o 

RO.W  IBI 
SII9.V49.74I 

MIAH.lcn 
aii2.';4-..r.7 

Mt.»S0.43S 
309.161.7(4 
«17,I11.178 
(('3,436,907 


2Z6 


THE   CHRONICLE 


[September  4   1876, 


Boston  (lanlta.— Below  we  fflve  a  Btatement  of  the  i5oBion 
National  Banks,  as  returned  to  the  Clearine  House  on  Monday 
Aug.  80,  1875  '' 

LiOans,       Bneolu,  L.T,  Nolea. 
tl.6!4.IU0       

t,S;«,9C0 
2,23730« 

\.vr,Am 


aUantIo 

hX\t* 

Blackscone. 
Boston..  ,. 
BoylBtoQ... . 
Broadway  .. 
Central 


Uiipltai. 
t75U,0Ol> 
l,MX),00« 
'.!,OUO,000 

i.aoo,(X)« 

TOO.OOO 
lOO.OW 

500,000 

Ralu^nblau 1,000,000 

Continental ,....    1,000,000 

Kllot 1,000.000 

Sverett 400,000 

Panenll  Hall tJ)00,000 

KreetuRU'8 300.000 

Olobe  1,000.000 

Uainllton 750.000 

Bowarrt 1,000.000 

Vanafacturers' 500.000 

UtrKec 300,0oe 

Maftsachnsetta 400.000 

MaTerlck  100.000 

Marntaantt* 8.000,000 

Metropolllan; K^.ioo 

Moani  Vernon  '^00,000 

Ham  Sneland 1,000,000 

North 1,000.000 

Olil  Beaton 100,000 

Sbswinat  1,000.000 

Shoe  ft  Leather l,U00.00ii 

•tye 1,000,0011 

Suffollt 1,500,000 

Traders' 600,000 

rremont 1,000.001 

WaahlnKton 790,000 

fl"t 1,000,000 

Second  (Granite)..,    1, too. 000 

Third 300,000 

Fonrth  ISS.eOO 

Baukorcomraerce,  2,000.000 
Bank  of  K.  America  l.OOO.lWC 
B'k  of  Kademptlon,  1,000,000 
Bankof  Kepnblic,..  I,SOO.OOO 
Uommouwealth 500.U00 

gity, 1,000,000 

S«l»le  1,000,030 

Blchanee 1J)00,OOC 

Hide  A  Leather 1,500,000 

Revere t.000,000 

Security 800,000 

tfnlon 1,000,000 

Webater 1,500,000 


se.wo 
i,u28.aoo 

J,<74.UI0 

J.8»i.700 

1,07^.000 
2,3>l.iKJO 
:,6!1,700 
2.284.600 
•..7»7,400 
3,561,600 

i.oss.eoc 

l.<0«,900 

J.81i..U0 
!.69«.80(l 
».( 8.1.000 
4S4.K00 
•29,700 
2.454.;00 
3,2Jl.St0 
J,173.4UC 
'J.4>8,8U0 
3,652,7110 
3,eW!.500 
8.452.SO0 
1,279.400 
33»9,1U0 

2,oai.s<* 

4,n!,60(J 
4.24J.1W 
1.10S,iU0 
243,SO0 
t.lfii.TOO 

a.isa.iiw) 

3.i;2.8(Kl 
J.382.SII0 
■.',(B2  61 0 
2,029Xhi 

s.ojv.mio 

S.6;»,B00 
5.li2),80O 
920,800 
2,864.5f0 
2.612,000 


139  JOO 

4,000 
5,000 
:7,70U 


4,000 

14°,4O0 

1,200 
4,600 
l.»» 

9'io6 

600 
100 

13,900 

SK.axi 

4.600 
99,800 


1S,10C 
'23.3V0 
48.200 
lO.-.OO 
IIJSOO 
20.600 
18.600 
40.400 
J7.400 
2.100 
2.800 
84,600 
3S.700 

'  V.SOl'l 
21.SO0 
19.600 

8J)lio 
12.500 

;.suo 

113,000 
28,100 
'.7.800 
500 
9,300  ' 
6JO0 


189300 
99,800 
SI7JU0 
98.500 
47.000 
43.0UU 
111.700 
90.700 
84  AX) 

i<s.iioa 
75.000 

'17.800 
76,100 
■40,800 
,77.<O0 
142.100 
87.700 
88. '.00 
J86.600 
'15,200 
M.W 
48,900 
r7,50(l 
73,600 
286.100 
245.900 
209.200 
■-■82.200 
96.200 
159.400 
49..->00 
122,800 
103.000 
404.800 
827,6(0 
66,30(1 
12.100 
612.800 
217.9(10 
I21.S00 

nr.eoc 

512,000 
11.80C 
162.(10(1 
wt.aoo 

1R8  8U0 
392,-00 
88,500 
127.600 
133.000 


l>euo^ll■.    C'lrcul. 
»544..'>(I0       »395.1U0 


923.200 
1.980,310 
742.71'0 
651,900 
805,900 
508.900 
796,7W 
981.700 
e66,9UO 
990,900 
1.080.100 
:.24J)00 
713.8011 

71 9,  mo 

743,600 

717,300 

661,2'JO 

IJiSS.OUli 

1,013.700 

54»9.e00 

811,0(0 

SIS.IW 

612.401 

1.126.000 

1,111.700 

867,900 

1.494.300 

914,000 

8S7.600 

760,100 

-57.700 

576.400 

1.(62.700 

1,917,400 

82  ,100 

6S.700 

1.824.800 

Ml.9(10 

l,180,Si)l. 

719,31  IT 

2.649.500 

625,.30ii 

74«,<00 

3,!!l5.3(in 

908,700 

1JW7100 

755.900 

1.113.KI0 

1.H5.10U 


665.5<fl 
8I2.4>W 
980.41)0 
49,1,300 
15I,UU0 
2f4.70.J 
712,W.io 
563,700 
754.900 
208.0').  1 
428.»J(1 
337. ;oo 
849.400 
2:7.500 
439.100 
I4S.4(1« 
34;!  ,3  a 

arxi.rxi 

351.700 

175.4'JC 
6j9.r>iO 
686.500 
2S1,(«I0 
461.61.10 
726#)ij 
953.300 
72(1.300 
135.9'W 
612.6% 
5811.500 
553,5* 
474,800 
151,'!0l; 
28,000 
516,91(1 
559,5!IC 
621,800 
!'73,7U0 
300,000 
t2i,2CO 
r,5.90|i 
658.500 
948,1 1 C 
987.  IOC 
179.1irr 
521.4(10 
418.200 


BOHTOM,    PKIL&DSbPHIA,  Bte.-€onttnaed. 


Total..  ; »50.674.0(X)    1133,552,800      {915,200     M.997,100    «5' 357  110  »?I««  ^on 

ThetotaIamonnt''dnetootherBanb,''a8per,t.trmTnt„,  i'jfK 
I  UPaeviatlonBrrom  taut  week  b  reiurns are  as  foIJowB' 

^»£"»' Increaee.     »?s.f0ii  1  Uogal  Tenders Increase 

''^'■':* Increase,     268  9(M)    jDeposlts,,.  In/TPANA 

"tI?-,  •,■,•••■• I-orease.      15.000  I  Circnlatlii,..  ;.  •.•.D?"eS"- 

i  he  followint;  are  the  totals  tor 


i.)a(e. 

-"-U(t.  3 

Auk.  9 .    . 

Aug,  16 

Aug.  23    .. 
Auif.  30 


ItOana. 
131,934.4(0 
IBS.224.400 
138,520.700 
!  33,283,900 
133,552.800 


•a  series  of  weeks  past 


t540.900 

3,500 

291,900 


t*l>lladelphla  Uamlxs.— Th 


8Dec(e.  Lex&i  Tenders. 

1.O93.O00  8,968.300 

1.(146,700  8,716J00 

90«.l(l(l  8.718J00 

90  .2(10  8,456,000 

915,200  8,997,400 


Deposits.  (Jircnlatlon. 

52.285.100  24.887.000 

53.6.50.000  24.9n9.'00 

52.767.600  25.001.90) 

52,353,600  24.947.1X10 

52.357.100  24.(55.700 


following    is    tue  average    cod. 
week    preced. 


dition  of  the  Philadelphia   Natioual    Banks  for  the 
'Dg  Monday,  Aug.  30,  !875 
„        BanKS.  capital. 

fn(l,,aoi,,(,ia --  - • 

NorthAmenca... 


kBonaiTiKe. 


PHILADELPHIA. 

8TATB  AND  0[TT  BONDB. 

Pennsylvania  58.  coup 

do  do    reif 

do  61,  10-15,  2d 

do  do      15-29.  Sd 

fhiladelphia  68,  1  M 

do  6b,  new 

Alleehany  Coootv  Ss,  coup... 

PlttBbnrK48 

do       58 

do       7» 

New  Jersey  State  6b,  Ezemptf 

»  am  lien  Conn  ty  68 

Camden  Olty  7s 

Di-.rtw  arc  6fc 

HarrtBbarg  City  6a 


BAILBOAD  BTOOKB. 

Oamden  &  Adatitlc 

do  do      pref 

OatawlBsa 

do        pref 

do        new  pref 

Klmlra  A  Wllllameport 

Klmlra  A  Wllllamsport  pref, 

Kast  Pennsylvania 

UnntlngiloD  &  Broad  Top  ,, 
do  do    pref. 

Leblgb  Valley 

UttleBchuylklU 

Mmehlll 

Nesqnetaonlng  Valley 

Norrlstown , 

Northern  Central 

North  )*'nnfiyl\aiila 

on  Creek  &  AllPRheny  Klver 

Pcni  syivanla 

Pnlladelphla  4  Erie 

Piillailelphla*  ItKBdlng 

Pldladelphla  &  Trenton 

Phlla.,  WilnilPK..^''  Baltimore. 

United  N.  ,1.  CoinpanleB 

West  Chester  coufoi.  pref 

WeBtJerflev 

OANAL  BTOOKB. 

Lehigh  Navigation 

Morns 

do    pref    

Schuylkni  Navigation 

do  pref.  .. 


Bid 


banners  and  Mech 

Oommerclal 

Mechanlrrs'  

Bank  N.  Liberties. 

8!>u(hwark 

Kenslnston 

Penn 

Western 

Manufacturers'.'.',.' 
Bank  of  Commerce 

Qtrard 

Tradesmen's '.' 

Oonsolldatlon 

City 

Commonwealth 

(Joru  Kxchange.... 

Union 

First " 

Third 


11,900,000 

1,000,0(X' 

i.000,000 

i  10,000 

800,000 

.100,010 

150,000 

250,000 

500,000 

400.000 

1,000.000 

290.000 

1.000.000 

200,00(1 

.800,000 

100,000 

300,000 

500,000 

900,000 

1,000,000 

>oo,oon 


I'^th .■..;;.;    uoioco 


Biiventn. 

Klebth 

(Jentral 

BMkof  Kepnbltc. 
Secnrltv    

Total 


350,000 
275.000 
750,101' 
(.(•00,l'O(i 
250,010 


uoaub. 

15.820.0011 

4.644.000 

6.299.600 

1,538,000 

2.136.500 

3.031 ,0(»1 

1513.037 

1,022.06.5 

1.295.74: 

2.2311,417 

2.958.000 

763.081 

3.985.001 

1,559.00(1 

1.203.952 

1 .586.946 

845,000 

2.1S7.000 

1.673.000 

4.610,000 

963,036 

980.000 

67:i.000 

l.l20.i«X) 

*M\.CIX 

2.261,000 

727,000 


•Sptjcle 

190.000 

27.000 

78.910 

20.0(0 

550 

1.952 

l'.()79 
Sl.ISa 

■75s 
12.(10(1 
7.000 
1..500 


7,633 
2,100 
12,a'0 


5.000 
2.000 


Total  del 

L.  Tender.  Deposits. <Urculat'ii. 

»1.2«5.00l:  «3.9C»J..'I00     H.000.000 

1.028.(00  3.4T2.000          "       ' 

l.S86.7i«i  5.19  .000 

738.000  l,39i.O0O 

886.300  1.377.901 

64:i,000  2,';45.(!0(' 

613,4  0  1,596.831 

227.834  736,»35 

280,866  531.190 

688,966  2.i;<.40; 

344,000  1.6Oj,(lO0 

269,436  677,880 

1,092,000  3.305,00(1 

261.(00  :, 229,000 

176,191  7;o.47J 

854,091  1,0S9.!I66 

174,000  6M.0X) 

853,000  2.109,000 

231.000  1,325,000 

957,(XH)  3.8.i2.0(0 

37.),O0O  9r)8.17^ 

109.000  450,000 

109.00C  157,0«' 

167,00(1  803.000 

\,mKVX  4.259,0(10 

357.000  1,002.000 

104.001  467.000 


600.000 
1.000.000 
536.((iO 
•70.00-1 
426.00C 
808010 
224,9J0 
201,896 
214.550 
.143,000 
795,685 
590,000 
.79,000 
210.000 
352.734 
2:3,000 

2;:.o5o 

26.i.000 
797.0(Kl 
258,(90 
135,000 
2r>.3,')0 
238.775 
440,1X10 
785,00O 
130.000 


100 

:oo 

106 
112 

104 

lo.'X 

S8 

'60 
80 

W^ 

•06 

95 

'04 
101 


SIX 

43,4 

27 
39 
S9M 

12 

54' 

97 

-'9X 
52H 
9 
5(IX 
20X 
56X 
13j 

isi' 

5i 


»ie.4.8.'s.onr  »61.T20.1ffi    »309,560     tUJ2S4,297 


T'n^  Ham   V"    *■; l" -" '"    «~"»,uw    «u.<o<roi     149.456.666   $11,059,610 

J.  ueneviatiiins  from  tjie  returns  ol  previous  week  are  as  followa- 


Loans. 

specie 

Leu '^1  Ti^n'lpr  \'^ 
The  follow! 
i>a(e. 

Aug.  2 

Ang.9 

Ang.  1« 

Ang.  2i 

An<.  30 


..  .De<, 
Inc. 


»52,236 
24 
29li!9:5 


Deposits ,inc 

Circulation Inc.' 


1415,653 
45,401 


g  are  the  totals  lor  a  series  of  weeks  past  : 


Loans. 
61,815,923 
61.976.228 
61,999.891 
61 .772.364 
61.T21i.lJ8 


Specie.    LeeralTender. 
325.719  14.801.582 

4114.9:1  14.668.124 

346,672  14,572,0i6 

234.'i63  14.525.212 

309  ..560 14,234,297 


DeiiOflrs.  Circulation 

50.68i,715  10,897.007 

49,693  912  '  0,67.1  "o, 

49.011.013  ll,Ol4io' 

49.456,f6S  11,(59  616 


BATLROAD  BONDS, 

Allegheny  Val  7  3-lOs, ',896  .    .    91,, 

do        78E,  Ejt..l910    86 

do      Inc.  7s  end, '94..    4o 

Belvldpri- Delaware.lst  m,6,'77  lOO 

11  do       2d  M.  68,'SS    95 

do  do       3d  M.  6s,'87    S9)4 

Ch.iu.ien  *  Amboy.  68,  *83.,.     100 

Jo  do        6s, '89 lOl 

do  domort.6B,  "89      i04 

nam.  &  Allan.  1st  ra,  7s.  a.  19(i3  l09 

do  2d  do 7s.  181)11...  105 

Cam.  0:  Bnrlltigton  Co.  6s, '97.    9,- 

t  atawiBBa,  new  78.  1900 lOl 

Cayuga  Lake  1st  m.  g.  7',  1901    (0 

Connectlnues  1900-1904 95 

(  hartlers  is.  1901 

Dan..H  4TVllkeB,lBtm,7(.,'S7    21 

D  laware  mort.  68,  various 100 

BastPenn.iSt  nor(.78,'8«...  .  102 
K1.4  W'mspoit.  I8t  m,  7b.'«   103 
do  do    58,P(rp   60 

Harrlshurg  1st  mort.6e,'8S. ,..  lOlX 

H.4  B.  T.  l8tmor(.7s,'90 (05 

do       2d  mort.  78,  '75...    102 

do       3d  m.  cons.  78, 'S5.    54 

Ithaca  &  Athens  g.  78.  '90. . . .     95 

Junction  1st  mort. 6s, '80 96 

flo       2d       do  1900(98)    96 

Leblgb  Valley,  68,1898 lOSK 

do        do         do     reg,  1898  11)3 

do         do  do        78.  1910 1  lOe 

do        do        con.  m.  68. 1923    — 

do        do  do  reg  l!i.:S   99)^ 

LitUe8chnylkin.HtM..7. 1877.,';01 

Northern  Central,  21m..  6«, '8.1    98 

Northern  Puclflc  7  3-10b.  1910    I  18 

NorthPean.  I8tm,6s, '85.,       '102.li 

do  2d  m.  'iS,  '96.     . .     1 106 

do  chattel  M.  lOs 

.;o  gen.  M.7s,  1903.. ;103 

Oil  Creek*  Ale.  K..cin.78.'88    ... 

OilCreeklst  m.7s,'82 !    .. 

Penn&  N.  Y.U.&K  U7s.'96-1906.  107 
Pennsylvania.  1st  M.,6,  l*80...;l04 
.10        gen.  m.  1910,  coup  I'OX 
do         gen.  m.,  reg.,  1910  IOSS4 

Perklomen  let  ni.6s,'97 

Phlla.  4k  Erjelst  m.6s,'81.... 


Aik 


«BM 


13'X 


KM 


7H 


IMS 


8SOTTBITTSB. 


BALTimORB. 

Maryland  6s,  defence,  J.  4  .(. 

do       68.  exempt.  1>87  ... 

do       6^.  lf-90.  (luarlerly.. 

'10        5e,  nnarterly 

Baltimore  6s,  I8ai,  qnart-rly.. 

do        68.HS6,  J.  ft  J 

do        6".  I.s9n.  quarterly 


6B,Park,lo9  ,  (J— M. 
*  ST. 


(lUOTtTIU.^X  IM   tf(iSTii.\.  PlllHUElPinA    AND  OTflER    CITIES 


SKOTJBITIB    . 

BOSTO!s7~- 

.M*lue4s 

New  HaiDpshlrcis 

Vermont  68 

Ma«achnse(;ts  68.  (jold 

do  5s,  Gold  

Boston  68,  Currency 

do     ss.KOId       

OhlcaKO  Sewer. w«;  78 

do       Municipal  78 

Portland  6s 

Atch.  4  Topeka  1«t  m.  78 

do  landgt.  7e... 

d  1  2d  7s 

„     .  ''"^  .„      iBnd  Inc.  128. 
Boston  &  Albany  7s  .. 
Boston  &  Maine  7s... 
Burllnaton  &  Mo.  Neb.Ss.'isOi 
do  do    N-b.Ss,  1883, 

Eastern  Mass,,  78  . 
Inrt.  Cln.4  Laf.  78.  :869. ..'!"!' 
do  eqilpment  IDs. 

do  funded  debt  78 

Ogdensburg  4  LaKe  oh.  8b.... 
Old  Col.  4  NewportBda,  7. '77. 

K'ltland,  new  78 

V«rm't  Cen..  let  M., cons., 7.  '86 

do     2dMort.. 7.1891.... 
Vermont  4  Can.,  new,  8s     . 


Ill* 

Uii 
101 


6'X 


101X 


8EOTTRITIEB. 

Vermont  4  Mass.,  1st  M.  6, '88. 
BT00K8. 

Boston  4  Albany  :»tock 

Boston  *  Lowell  stock 

Bostan  4  Maine 

Boston  A  Provldencp  .   . 
Burllniton4  Mo.  In  Nebraska 
Cnps.'ilrt-  preferr.>r1. 

Chloai.,  .-iur. 4  Qulncy ^ 

Ulu.,3Hi)'lnBky  &  Clev. stock. 

Concord    

Onnnectlcnt  River 

(.orinectlf.ut  4  Piiswunipslr.  p"f, 

Kasliin  ,.Masf  ,    

Baatern  (New  Hampshire) !!! 

Kllcliliurg    

vunrhejaer4  Lawrence 

Nashua  &  Lowell. 

Sortlu-r.n  01  New  Hampshire. 

'Norwich*  Worcester. 

.iKdetiS.  4  L.  CLamptaln 

do  do       pre) 

^itlColony J 

."ort..  Saco  4  Portsmouth...  . 

-tntland  (common 

do      nieferred 

/ermonl  4  Canada 

Vermont*  Maasachnsetts....! 
worceHttir  4c'I7a8hua. . . 


185« 


II6S 
156 


33 

8S 
113* 


97,4 


Ask 


188V 
71 S 
116X 

47" 
62 

lllX 
11* 


49 
129X 


90 
128 
34 

1I4J< 


98,4 

S7 

101 H 
l09 

■II 

107 
107X 


do     ■   2d  m.  78. '88.. 

Philadelphia  4  Reading 6s.  80 
•lo  <lo       78.  'Vi 

do  deb. bonds, '93 

do  g.  m.7B,  c.  1911 

do  do    reg. 1911  .    .. 

do         new  conv.  78, 1893  i08Si 
do  Coal  4  l.Co  m.,76.*92-'3 

Pitts..  Cln.  .t  St.  Louis  7«,  ",«l. 

SbamoklnV.  4Pott8v.  7s,l'«: 

Steubenville4  Indiana 7s. '64 

Stony  C  '-OK.  I8t  m..  7b,  1907. . 

Sunhory  4  Erie  1st  m.7s. 'n, 

Sunburv  4  LewlBtnn  78.1860.. 

Union  A  citusvllle 

UuitedN.  J.c  ns.  m.  6s,  91. 

Warren  4  F,  let  m.  je,'96  .  . 

Weat  Chester  cons.  78. '91.  ., 

West  .Tersey  1st  m.  68,  '96 

do  do    7s, '897 

Western  Penn.  R1!.6b.  1S93.... 
do        do     68Pb'»6    

Wllmlng.4  Kea<l.,i?tM.,7 
do  do    2fl  Mort 

OANAL  B0.ND8 

Delaware  Division  6s. '78 

Lehigh  Navigation  es.'si..     . 
do  "{R    9; 

do  •7i ;. 

do  coav  ,  '82 

do  cony.,  g.'94. 

do  gold,  '97 

Morris,  1st  M.,«,  1876,,.. 

do       2d  M.,  1878 

do       boat.  '85 

PennsylTanla68,1910 

Si'huvlC'lNsv.  18t  m.68,'97, 

do  2d  ui.,6e,  190" 
do  m.  68.  c.  '95. 
do  6b, Imp., 'SO... 
do  68,  bOBt4car,19l3 
do  78,  boat4(ar,l9i5 

do         scrip 

Suaqnehanna  (8, 1894 


.  I90(. 
19(12 


94 

I'lM 
10: 

96 
101 

m% 

102X 

100 

1(0 

lOil 
68 
94  K 
81,4 

92' 

2!*< 
93 

95 

78 


:04 


9»X 


106* 

U3S 
58X 

80 


01,4 


99,4 


SIX 

;o.-)4 

108 
109 

91 

76 


98S 


li'2H 


;9!< 


du         6s,  I  93,  M 
do        6«.  exempt. '93,M.4  8 
do         6s,  I'JOO,  J.  a. 
do         «s,  !90i!,     Jo 
Norfolk  Wai^r,  8e 

BAtLBOAO  BTOCKfl,      Par, 

Bait  *Ohlo-8tck ton 

tlo        Wash.  Brai  cti..  (0 
do       ParkerBbnrg  Br.  5( 

Northern  Central 50 

Western  Varyland .50 

C'entiKi  (hlo 50 

Pittsburgh  4  Conoellsville.  50 

RAILROAI'  JtO.ND-. 

Balt.ft  Ohl    68, 1880,,!.  4  J.... 
do  6b. '885.  A.  *  O... 

N.W.Va.,8d  M.(guar)'55,  J.4J 
Plttsb.  4  Ccn:  ensT.  7s.'98,  do 
Northern  Centt  al  68. 18S5.  do 
do  68,  iga>.A.4o. 
do  6B,gol(i,190»,.T  AJ 
l/en.Uhio68,  Ist  M.,!890.M.4S. 
W.  Md.  68,  I8t  M.,(gr)'90,  J,»  J 
do  IstM.,  1890.  J,ft  1. 

do  2d  M..  (gu»r.)  J.4J 

do  2d  M..  (pref.) 

do  2    M.(gr.hy  W.   o.)J.4J 
do    6b.  Sd  M  ,  (guar.)  J.4  J. 
Mar.  4  Cln.  78.  F.  *  A.,  '692. . 
do  2d.M.*  N...  . 

do        8b,  Sri.  J.  A  J 

Union  PR.,  Ist  jiuar..  ,1  4  J, 
do       Canton  endorsed. 

MIBCBLL^NEOUS. 

Baltimore  Gas.  certificate'... 
People's  Gas 

WASHINGTOir. 

Perm.  Imp.,  68,  g,  1891 

do  78,  Ml 

4flrket  Block  bonds.  78. 1?92. 
(VaterStock  bonds  78,1901... 
7s.  1908... 
fund.  Loan  (Cor.g  )  8.658.  1924 

»  year  Cere.,  7  3-10,  1875 

Fen  year  Bonds,  6s,  1878 

runa  .  Loan  (Cong  )  6  g,  189S. 
Fund,  Loan  (Leg), (s.g,  1902. 
Ce'  H.  of  Slock  rl.''28)  5s,  at  pleas 
"      (■1843)69,  at  pleat 
Ches.  A  O.  st'k  ('47)  6s.  8t  plea«. 
Board  of  Public  works— 
Cers.  Gen.  Imp. 8fl,  1874 

I'o  1875 

do  1876 

do  1ST7    .... 

do  1878 

do  Series. 

Certificates. Sewer.  88,1874-77. 
Water  Certlfloates.  8b.  1377. . . 

GKOEGKTOWN. 

GeneraUtock.8'.  1881  

do  6s,  at  p|.  asnre. 

Bounty  Block.  68,  do 

Market  stuck,  6s,  dj 

OIIVCINNATI. 

Cincinnati  58 

do  6a 

do  78 

do  7-308 

Cincinnati  Sonth'n  RR.  7.80s  • 

aaDi.Co..Ohio6p.«.  long  bds. 

do  do     7  p.c.,1  to5yrB. 

do         do     Ig  bd8,7  4  .,30» 

Cln.  4  Cov.Bridan  s'ocX,  pref 

do         bonds,  long. 

OIn.,  Ham.4  P..  Ist  M.,7,  80... 

(10  do       2d  M.,7,  8.5... 

do  do       3d  M.,  8,77.. 

Cln..  ]lam.4  Ind.78  gnar  

Cln.4  Indiana,  let  M.,7 

do  do     2d  M.. 7, 1877.. 

Colnm.,  4  Xenla.  Ist  M..  7,  '9(i. 
Dayton  «  Mich..  1st  M.,7  81. 
do  do        2d  M.,7, '84. 

do  do       SdMy7, '88.. 

do  To'do  dep.  bds,  7,  'ai-'94 
Dayton  4  West..  1st  M.,  1881. . 
Jo  do        1st  M.,  19(5.. 

do  do       1st  M.,6,  lUOn. 

Ind.,  Cln .  4  Laf.,  1st  '1 .,  7 

do  (1,4  C  )  let  M., 7,1888 

Little  Miami,  6,  H80 

Cln.  Ham,  4  Dayton  stocl!,. . 
(lolnmhns  AXcnta  stock  .... 
Dayton  A  Michlga.i  st'H-k  ..^ 

do         8  p.  c.Bt'kgna) 
Little  Miami  stock 


:09 

lo? 

85 

104V 
lOIX 
1C6,< 
101 
104 
105 
1(14 
104 


174 

U8 
7 
29W 


04 
lOBX 

urn 

n\ 

1(0 

97X 
98 
95 
ICO 

106' 

89 

90 
100 

78K 

90 

SO 


«7H 

UliS 

it 


82 
iO 

fi% 
86*. 
»-H 
!SK 
8»X 

95' 

99 
60 
SO 
80 


'80 

92 

103 

106 

lOSH 

■92 

111 

102 

115 

90 

1(1 

93 

1(0 

T9 

90 

-.8 

103 

99 

98 

89 

97 

•100 

85 

75 

71 

91 

92 

50 

»3 

)2 

1(2 

•7 


180 

'.4il 
12 
SOX 
6 
43 


9< 

108 

iin 

lii" 

93 
102 

91  if 
100 
102 
I06V 

99 

80 


27«     ~| 


69K 
t9M 
89S 
89H 

39>, 

w 

9t! 


LOi;i!i)VIt,l,K. 

Lnnlsvl'le  6s,'S2to'87 

do         66,'97to'9ti 

do         Watei  68,  '87  to  '89. 
do        Water  Stock  6v,  '97 

do         Wharf6s 

do        special  taf  6s  of  *8? 
leff,.  M  R,I .  *  I,lBtM.(Ii-.>?)?,  •? 

do  do    2d  M.,7, 

do  do    Ist  M.,7,190li'.,,. 

Loul8V.C.*Lex„l8tM,,7, '97, 

tonlB,4Fr'k,,lstM,,6,'70-'73.. 

do      Louisv,  Loan,6,'81 

L.  «N»Bh.lBtM.  (m.B.) 'f,'77 

do    Lon..  Loan  (m.e.)6.  W-t: 

do  do      (Leh.llr.)6.'.-6 

lio    l8tM.(Meni.Br)7,'70-'7''. 

do    18tM.(I.eh.br.ex)7,  "SO-'Sf. 

do    Lou.L'n(Leb.hr.ex)6,'93 

do    Consol.lBt  M..7. 1898.  . 

.Tefferffon..  Mad.*  Ind 

Louis  IT..  Cln.  &  Lex.,  pref 

do  do         common 

Loutiiyllle  4  VaBhvllle. 
HT,   LOUIS. 

8t  LonlB  6fl,  Long  Bonds 

Jo       Water6s  gold • 

do  do       do   (new)' 

do  Bridge  Approach  g.68* 
do  Renewal  gold  66..,,.  •jinJV 

do  Sewer  g.  68  (clne'91-2.3)    

St.  Louis  Co.  new  Pb' kg.  68.. 

do         c'y,  7s i 

At.A  Pacific  guar,  land  grants 
do      2u  M.  (funded).. 

'  And  Interest. 


fO 

90 

90 

90 

90 

71 

88  Vi 

75 

85 

!■» 

95 

87M 

90 

flSi 

89 

88 

86 

'Y 
4 

31 

'99 

10«'> 

'-J4X 


.-5 

91 
103 
107 
104 

94 
108 
I0» 
129 

9S 

:os 
r. 
ii* 
su- 

91 

BC 
105 
100 

95 

9: 

99 

io" 

80 
73 
98 

98 

5l'S» 
10<> 

44 
Ifti 

98 


91 
M 
H 
•I 

91 
91 

91 

71  m; 

K9 
7«'' 

9p: 

U- 

fS 

9(>>- 

'.9 

8'iM 
97 


6' 
31 H' 


myg 


KM 

or 

1('SH|I04H 
40    ■ 


Aagoat  4   1875] 


THE   CHRONICLE 


227 


GENERAL  QUOTATIONS  OF  STOCKS  AND  BONDS  IN   NEW  YORK. 
U.  8.  Btmdt  mnm  mMm  BaUroad  Btodtt  ar«  f%iat«d  «ik  •  frtmou*  pag«.    PrieM  rtpratent  th«  vtr  «mU  wOue,  whatmtr  the  par  may  &» 


_.  1 


•acummn. 


»l«M  ■•■« 


«e     ti.  Moat. 


*>       Tm.  MtBulkl*  *  t  B. 
do       1».L. 

Uamoraom 
4a 


lad 

toi.0.diR.BtT. 


■BCrBITIM. 


BaUroad  Hoada. 

iSioetMuMamt*  I'rirmO 

do^      da      Id     do    ... 

do  do      M     do    ... 

Boiua,  Vmtl.  *  Krt«.  !•>  mart 

do  do  ««ar.... 

BDr..C.Bi»lda*lttiu>.in1«.c 

Cbnaaaaka  a  Okio  ti.  IM  B~ . 

it  do        «z  eonp 

cbicMoa  AitoB  ilakiB*  timd. 

do         do    Utmort. 


BM. 


110 

m 


»' 


MX 

« 


■aoTTHTisa. 


Tol.  a  Wibuh.utm.BUL.dlT 

do  do       Sdmort 

do  do       eqnlpm't  bda. 

do  do       COD.  convert. . 

Banalbal  a  Naplea,  in  mort.. . 
Great  Weatcm.lil  mort.,  1S88. 
do  3d  mort.,  189S.. 

QaHiCT  a  Toledo,  Ut  mort.  1990 
IlliBOU  a  So.  Iowa,  lit  mort.. . 
Laf^'otu,  Bl'n  a  MIM.,  lu  m. 
Raa.  a  Central  Mliaoari,  Ut  m. 
PeklBXlncoln  a  Dccmtor,  Ut  m 
ClB..  LatsTrlte  a  Cblc,  lu  m. 
Del.  a  Hodron  Cuud,  in  m..  tl 
do  do  1881 

do  do  IffTi 

Lonir  Island  RR.,  Ut  mort 

SoDih  SIdr  U  I.,  in  m.  bond*. 

Wmern  I  nion  Tel.,  in  m.  7<. 

niacollanaana  l.t>l. 

iBroHn'  QhoMMoiu.i 

orriK*. 

AIbaaT,N.T.,la 

Brtalo  Water  

oo      Parit  

Chlea(0  *•,  loaa  dalaa. 
do      t«,aewer — 

do      '»»,  water,       ,    

do      1*.  rlrer  ImprOTonent 

do      7*,  Tarlona 

CleTPlaodTi 

Oetnit  Water  Work*  H. 

KUnboth  Cltf ,  doe  «.... 

-       -    «... 

jHartfordtn 

IndUnapolU 

tieaarkatjta. 

Oa««o...    

iialiWatar 

f  Cttj  Walar  bda.,  11 

oladoI-Ma 

I  Voakcn  Wator,  do*  IMi  . . 

VAILR'-AIM. 

lAtcktooe  a  P.  Peak. ia, cold... 
I  AUaalle  a  Padde  t.  O.  b.  (Id 
Atcktaoaa  Xebraaka.tp.  c... 
Bar.  a  Mo.  RtT_Laadai.1i.... 


w 


la) 

IM 
UK 

w 

■>»H 
los 
•us 

l(BV 
KM 

1(B 

M 
M 

too 

IIJO 

un 

iBB 

:m 

lOB 

n 

IM 


a 

lOS 

1« 

108 
108 
108 
IU> 
Xlll 


tdS^do'k. 
M8.,dok.... 
IU»_doa>... 
•lk8..do8i.. 
8tht.,dob. 
CiaatoB  Braacb 
do  do   CkadwaBraiicb  xlll 

Bar..(M<!*M.^.dlr.),a.Ti.!  «l 
'Cairo  a  raltoa.li«1i,told  .  I  U 
{CalUomiaPacKB.  1i,(0ld..  i  U 
do  (•.»■«,( 

I  a  Hoatbara  IM  1>,  ■oldj  « 

CaMial  PacMe  7a.  aold.  codv.  1 101 
Caalral  of  lo«a  In  m.  'a,  iold|  9> 
do     Mai.  Ta.  gold      .. 

'       101 

^=1  K 
108 


_  9.MIB.  (OU  .-,_,-, 
l1a,WrMr*l  ....    • 

I. Ma. (.la'  I1H 

^_     »,u»oi.«.*.l2 

av.aTlMsaa-i'k.dd  S 
m  Tailor  1> '  5 

I  Bkora.l  M 


UMH 


in 

101 

^\ 

108 
81 

18 
lOt 

la 

101 

lot 

108 
108 


lUH 
IgH 

» 

10 


SaCTTBlTlES. 


K.  J.  Midland  lat  7s,  gold 

do  2d'!i 

N.  T.aOaw.  Mid.  Ut  7s,  gold. 

do  do        2d  78,  conr. 

NortI .  Psc.  Ut  m.  gold  7  S-IM. 

Oma^a  A  Sonthweslem  KR.  M 

Oawego  A  Rome  78,  gnar 

Peoria.  Pekln  ft  J.  Ut  mort.... 
Peoria  ft  Koct  1. 7a  gold  .  . . 
Port  Huron  a  L.  M.78,gld,  end 
Pullman  Palace  Car  Co.  atock. 
do        bda,  88,  ttb  aerlea 


RockTd,  R.  I.  a  St.  L.  ut  7s.  gid 
~      '     ~  a  Oswego  7a,  gol<r . . 

;TaPacr«c«a 

Southern  Minn,  construe.  8a. . . 


Roadonl  a  Osweg' 
Sioux  CUT  a  Pacific  (a 


k*  Vlaoaa.  laria.gnar 
liAMoaa  C.  latTs... 

.oHaa  •Ltooiala.... 

ia«M.llank.IM)a,r 
-oaa)  iTozaa)  lal  g.    . 

B.  inn. (.71 

Pac.  1a,aal«a«laa,(Old 


Koaa.Waton'aaaf.eea.  i«   -■ 

■"  L.>lr««««naalA.la«m.     •• 

d<>  Xa       M 

T.M.,  las  j— TV.. 

d#    Oa  Mart.  anv.. . 
da     jdMoTi  laaaaia 


^Ss^MrjJi 


n 

dn    B-W.  Dt». 

do  MBon..!  .....    .. 

da  aa^Bol  Ik 
Waboak,  lal  m.  atimt.\  Uii  ■ 


.  A  MM,  land  graynt 

lB.LaaT«a.  br'acb 

lDBomaa.So.il... 

do       Ho.l*.. 

BInia 

iAlaaUH.8a,(uar 


|al!  alSJ^iM._*  O.  IL  8Sj(uari  » 


anafkaa.* 
aacAf  acai 
C_  St.  Jo.  a 

Kaoiuk dtDaa Molaaa  1st 7a. „ I  _ 
do  lateoBp,Oct..T8!  g.1. 
do  faadnl  lnt.8ai  H> 


iaBMsCnyaCa—TOB-       -  , 

Kaa.c^  St:  Jo.  a  c.  B.  as  or « 

do  do   8b  of  *n{ 


do  pref.  aiock 

L.  Ust.  BboreRR  1st  m.  gId  7s. 
Lake  Bap.  a  Mlaa.  lit  :•,  gold. 
L«aT_  Alcii.a!«.  W.7i.gnar..i  ... 
Lmt..  I^w.  a  Oal.  Ut  ni..  lOi. .    18 
lx«aaa.,Craw.aB.  w.ga.gld.l  » 

MIckkaa  Air  Ltae  «a 100 

Mmlicallo  a  P.  Jerrts  7s,  gold 


^gold   

Texas       gold.. 
~  Onlf  laWn.  lOi 
_        do        do   *an.  lOt. 
V.  Maraa.  MIddJM'B  a  W  - 


s 

100 
100 


do  7a.. 

81.  Jo.  a  C.  Bl.  lat  mort.  10s. 
do         do  8p.  ( 

St.  Jo.  a  Den.  C.  8a.  gId,  W.  D. 
do  do    8a.  gId,  E.  D. 

8andn8kT,  Mans,  a  Newark  7a. 
81.  IronlB,  Vaodalla  a  T.  H.  lat. 
do  do  2d,  guar. 

St.  L.  a  So'eastem  ut  7s,  gold. 
St.  L.  a  I.  Mt.  >  Ark.  Br.)  7s.  g. 
Bontbern  Central  of  N.  V.  7a... 
Union  a  Logansport  78. 
Union  Padllc.  So.  brancb,  6a.  g 

Walklll  Valley  lst7s.cold 

Wen  Wisconsin  7b,  gold 

Wlaconatn  VallcT  8a       

Kontbern  saearltlea 

Brottra*  l^uotaitOHM:, 

axATaa. 

Lonlalananew  conaol.  7a 

84inlh  Carolina  new  ronaol.Oa 
Texan  State  fts.  ;irT7,  ex  Int.  . . 
do        to,  imi.j.  ex  Int... 
do        7b.  gold,  ex  Int 
do       10a,  of  Ifl84.  ex  Int 
do       lOs,  pension,  ex  Int 
utriaa. 

Atlanta,  Ua.,  7b 

do        8a 

Aagiuta,  Oa.,  7a.  bonda. 

Charleaton  stock  8a 

Cbarleaton.  B.C.,  7s,  P.  L.  bda. 

Columbia,  8.  c,  6a 

Columbua,  Oa.,  7a,  bonda 

l^ndkborgto    

Macon  7a,  oonda 

Mamphlaold  boDda,to , 

do       BevboBds,6a 

do      and..  M.  a  C.  RR.  . 

MobOa  8a,reoupa.  OBI 

do     ia,(eoBpa.  ob) 

MuBlgoiuerr 8a.  ..  ........  , 

HaabTlUeaafold 

do       8a,Be« 

Raw  (trleaoa  8a. 


eoBaol.  8a  ..  . 

bonda,  7a 

cold  7a,  quarterly 
lOa.       .       ... 
to  rallroada.8a 


aaoi 

id.  BaTBOl 
ock./TT.. 
lo  nar.. 
im.ta,c.. 
mort.  7a.. 


do 
do 
do 
do 

do 
Norfolk  6a. 

Peleraborgto 

Rtehmooa  to 

SaTannab  7s,  old 

do       7s,  new 

Wllmlntton,  N.  C.,to,(oM.,.. 
do  do     Ba,  (Old.... 

a&iLaoAi>a. 
Ala.  a  Chait.  lat  m.  8a.,  end... 
Ala.  a  Tenn.  R.  IM  mort.  7k.. 
do         do         ldmurt.7a... 
Atlantic  a  (lulf ,  ooaeol. 
do  do    end.  Saxaoli. 

do  do   aaork 

do  do      do 

CaroUaa  Central  lal 
tjaatral  (ieorgla  lat  mort. 
do  eonaol.  m.  < 

da  atock.  

Ckarlolte  C^l.  a  A.  1st  M.78. 

do  do      stock 

Cbarleaton  a  SaTannah  to,  end 
SaTaaoata  a  Char.  Ut  m.  7a 
~baraw  a  Darlington 7b.... 

■■ITaan.a  Oaor(lato . 

Ht  Teas,  a  Va  to,  end.  Tena 
.  Tcnn.  Va.  a  Oa.  lat  m.  7a. 
do  do         '     ' 

Oaorcla  RR.  7b 

do  atock. 

SraeaTlUe  a  Col.  7e,  (Bar 

do  do   7a,eertlt.... 

MacoB  a  Bnmawlck  end.  7a. , . 

MacoB  a  Aacuata  boBda 

do  do       endorsed.... 

do  do       nock 

MaBBPhla  a  Charleaton  1st 7a.. 
do  do         ld7<.. 

do  do         stock 

Mamplila  a  Uttle  Rack  lat  m. 
Hbafialppl  Central  Ut  m.  7a. . . 

do  Mm.  8b.. 

MlaalaalppI  a  Tena.  in  m.  7s. . 

do  do     eonaol.  to. 

Montaomerr  a  West  P.  lat  to 

do  do  Income 

Mont,  a  Enfaala  lU  to,  (.  end. 

Mobile  a  Moat.  M,aoM,  " ' 

MobOa  a  Ohio  aterDag . . 

do  do      do    ex  certlf 

do  do  8a,lnl«reet 

do  do  ad  mort.  to.  .. 

do  do  atock 

M.  Orleana  a  Jacks.  Ut  m 

do  do   certlf 's  8e.. 

N.  Orleans  a  Opelons.  Isi  m.  to 

NaahTtllea  Chattanooga  to. . . 

Norfolk  a  Paiersbarg  (at  m.to 

do  do  7a 

do  do         2d  m.to 

Nortbeastem,  8.  C,  1st  m.  to. . 

do  8dm.  to... 

Orange  a  Alexandria,  Isu,  to.. 

do  do  2da,  to.. 

do  do  ads.  to. 

do  do         4lhs,  to.. 

RIebm'd  a  Peterab'g  tat  m.  7s. 

Rich.,  Fre'kab'g  a  Polo.  to. . . . 

do  do  cohT.Ts 

Kleh.ananT.  1st  consul. to... 

Southwest  RK.  Ca  ,  Ut  m. 

H.  Carolina  UK.  i>i  >n.  7s,  new. 

do  to 

do  7b 

do  slock 

Weet  Alabama  to,  guar 

PAar  pua  c?<)t;poMa, 

Teaaeaaee  Stale  coupons 

Virginia  oonpons 

do      eonaol.  ooop 

Memphis  Cllr  eoupoaa. 


Bid. 


30 
10 
20 
4 
IS 
IM 
W 
70 

g« 
98 
98 
7 
40 

40' 
71 
80 

i»" 
28 

s; 
as 


Ask 


» 

100 
75 

£** 

84^ 

«4 
IS 

86' " 
K 
75 
80 

ao" 

80 

lOO" 
88 

48 


94 

80 

uo 

101 
98 

18 
8) 

an 

M 


228 


THE  CHROmaLE. 


[September  4,  1875. 


NEW  YORK  LOCA.L  SKOURETIES. 


Bank  Stock  List. 


COHPANIKt. 


Marked  thus  (*)  arc 
not  National. 


America* 

Amerlcun  KxcbaiiKV. 

Bowery 

Broadway 

Bull's  Mead* 

Batchers  Jb  Drcvcrs  . . 

Ceutral 

Cliatbam 

Chonilcal 

Citizens' 

City 

Corameroe 

Contlueiital 

Corn  Bxehanfte* 

Carrencv 

Dry  Goods* 

Bast  lilver  ...  

Klevenlli  Ward* 

Firth 

First 

Fourth  

Fulton 

liallatln 

Qerinun  American*.. 
German  KxchanKC*.,. 

Qc.'maniu*  

Greenwich* 

Grant  Central' 

Grocers* 

Hanover 

Harlem* 

Importers'  &  Traders'. 

Irvlnif 

Island  City  

Leather  Nfanafactrs... 

Loaners'"       

Manufctrers'dk  Build.* 

Manhattan* 

Manut  A  Merchants*. 

Marine 

Market 

Mechanics  

Mech.  Bkg  Asso'tlon.. 
Mechanics  &  Traders.. 

Mercantile 

Merchants 

Merchants*  Ex 

Metropolis*  

MetrDpolltan 

Murray  Hill* 

Nassan* 

New  Vork 

New  York  County 

N  Y.  Nat.ExchauKe.. 
N  Y.  Gold  Exchange* 

Ninth 

North  America* 

North  Klyer* 

Oriental* 

Pacific* 

Park 

Peoples* 

Phenlx 

Produce*.... 

Repuhllc... 

St.  Nicholas 

Seventh  Ward 

Second 

Shoe  and  Leather 

Sixth  

State  of  New  rork.... 

Tenth 

Third 

Tradesmen's 

Union 

West  Side* 


CAriTAL. 


Par  Ainonnt. 


S.oro 
S.OUO, 

m. 

HUI. 

>,ouu, 

45U, 

auo, 

I. (100, 
lUJXX), 

1 ,5W, 

l.lk«l 
100 

1.000, 
3S0, 
■MB, 
i!0. 
NX). 

«X1, 
1  500, 
lOOO, 

ai«, 

■ioo. 

JOII, 
100, 
300, 

100(1, 
IOO, 

1.50", 
500, 
10), 
SOO, 
51X1, 
4  0, 

2.050. 

auo, 

400, 
1.000. 

a,ooo, 

500, 

60U, 

l.ono 

S.(00, 

1,000, 

600, 

i.m>. 

2.W. 

1,000 

3.000, 

axi, 

500, 
500 

1. 500, 

1,000, 
400, 
800, 
42J 

2,000. 
412 

1,800 

■an'. 

2,000 
I.OHI, 

soo; 

800. 
1,0(KI, 

200 
•iflOO. 
l.OOO. 
I, 'TO. 
1.000, 
1,500, 

200, 


0('(' 
,000 

uoo 
.  I'O 
,(00 

,(W 

i.OOU 
'.(XX) 
,000 
,€U(' 
,000 
.000 

,(CiO 

000 
,000 
1.000 
.000 
,000 

,ooc 

.001.1 
,000 
,00(1 

.oou 

.000 

,IXX) 
,001  i 
,000 
i.WW 

>,tx*i 

,()(HI 
,000 
Oil 
.000 
,010 
,000 
,(«0 
.(XXl 
,000 
000 
,000 

.ooc 

1,000 
,000 
.0(W 
.000 

,S)a> 

,00(. 
,000 
,000 
,000 
,000 
,000 
.000 
,0t» 

sm 
'.oro 
,0(K) 

.000 

,(«XI 
.70(1 
,000 
,!(H1 
(XX) 
,000 

,0011 

,OIX) 

,000 

,000 
,000 
000 
i.OOO 
iMd 
,000 
1,001 
i.iXXl 
,00(1 1 


DlTIDINDI. 


Periods.    1R78 


IfTBl 


M.4N. 

.!.&  J. 
.!.&  J. 
Q-J. 

.1.&J. 

ev.2  mo!: 

J.&.I. 

Q-F. 

.I.ft  J. 
,J.  &.I. 

F.&  A. 

J.  &  J. 
J.&  J. 
.J.*,I. 
J.&  J. 

j;  A  ,1. 

M.ftN. 

A.*  O. 
F.  A  A. 
M.&N. 
M.&N. 
M.&N. 
,M.&N. 
J.&  J. 
.l.&.I. 
M.&S. 
.1.  A  J. 
.J.  A  J. 


J.AI. 
F.&A. 
.1.4  J. 
F.AA 
J.  A  J. 
J.  A. I. 
.J .  A  .1 , 
,1,  A.7. 
M.AN. 
MAN. 
M.AN. 
.I.A.J. 
J.  A.T. 
,!.&  J. 
.1 .  A  .1 . 
A.  A  O. 
MAN. 
.I.A.I. 
J.A.I. 
.1.  A  .J. 
J.A.I. 
J.  A  J. 
,1 .  A  J  . 
.) .  A  .! , 
.1 ,  A  J . 
Q-F. 
J.  A  J. 
J .  A  J . 
J   AJ. 


F.AA. 
F.A  A. 
J.  A  J. 
J.  A  J. 
J.  A  J. 
J.  A  J 
M.&N. 
J.  A  J. 
J .  A  .1 . 
J.A.I. 
M.AN. 
J.  A  J. 


1? 
12 
12 
10 
7 

!>* 

s 
< 

l!l 

12 


1874 


7 
11 
14 

8 

11  a-s 

8 

s 

7 
10 
20 

"io' 
s 

8 
14 
10 


12 

8« 

9 

10 
..... 

10 
'.0 

7X 
10 

« 


7 
12 
12 
12 
10 

7 

8« 


10 
10 

s 


May  !,'75..-r. 
Apl  10.'75..4 
Feh.l, '-(...a 
May  1,  "74.  " 
.Miiy,  :.'75..  8 
May  1,'75..1' 

.i'(i'yV,'''75.'.  .5 
July  1. '75.. .4 
Mel.. 1, '75.. 4 
Julyl,'75...7 
July  I, '75..  Ji 


.Inly  1.75... 6 
Fc'J.12.'74.?S< 
Ja.i.l0.'75...4 
AUK,I0.~5..5 
July!,'75..8H 
Julvl,'75...5 
July  :,'75...4 
.luly  1. '75...5 
May  •.'75.... 3 
May  1.'75,...5 
May  1,"!5...« 
•lulyl. '75...4 
July  1,'7.5...4 
Iulyl,';5.3k 
Julys, '75... 5 
All!  i,';5.  .4 
May  1(1.  75.. I 
July  1, '75.. .5 
July  l,'7.i...7 
July  1,  'la.ih 
.May.  '73... 5 
Jan. 2. '75. ..4 
July  1. '75  .1 
Julyl,'74.8X 
July  1. '75... « 
Aui(.2,'75...3 
Ju  y  1.'75...6 
J  ly  1.'75...5 
July  l.'75.3K 
Jnlyl8,';4.3H 
Feb.  8.  '75.  4 
Anif.  9,  "75. .4 
Ju!yl.'i5...3 
lulyl.  75.. .7 
July  l.'75...« 
Julvl,  75...4 
May  10. "75..  4 
Jan.2'7(.axg 
Juiyl.'75'.  4 
July  I.'75...5 
M^y  1.'75...5 
July  1. '75..  .41 


Fbioi. 


139 


S3 

lib" 


158 

to 


141 


104 

:38" 


103 
lit 


120 
93 

102 
83 


145 

ioo" 


96  V 
110 


155 

lis' 


i::::.:i.' 


Gas   and  City  R.K.  Stocka  and  Bonds. 

[(jnotations  by  Charles  Otis.  Urcker.  47  Exchan!;e  Place.  I 


Gis  CoaPAKiss. 


Brooklyn  Gas  Light  Co 

Citizens' Gas  Co  (Bklvn 

do  certiilcates.... 

Harlem 

Jersey  City  A  Hobokeu 

Manhattan 

tropolitan 

do         certificates 

do         b  n  s 

Mutual, ».  T 

Hassan.  Brooklyn 

do  scrip 

New  York    

People's  (Brooklyn) 

no  do       bonds 

Westchester  County 

Certlfliiaces —  

Bonds  

Williamsburg  

do  s'^i'i'^ 


Par  Amount. 


lat  inortgaec — , 

Sroaclwat/  Jt  StKVnth  .4c«— stock. 

Iflt  mortgage 

Brooklttn  Uitj/— stock 

1st  mortgage 

Broadway/  (BrooJclifn) — stock 

BrookltjiL  ik  ff«7it«r'#iV-6tock... 

1st  mortgage  bonds 

\jentrul  J'k,  N.  db  E.  THyer— stock 

Ist  mortgage 

2d        do         

Christopher  dlenth Street— %toc)t 
Vmet/Uland  it  BrooVn — ist  mort 
Vry  Dock,  E^  B.  tt  Batter i/~Bt,ocX 

Ist  mortgage,  cons'd 

htgk  tK  .4!?e/i"<— stock 

1st  morticage 

42d  St.  it  (iranU  St  /err;;— stock. 

Ist  mortgage 

Central  OrOHS  Town-stock 

lat  mortgage 

Mfith  Avenue— atocK 

Istniortgage — 

Second  Avenue—atoek     

Ist  mortgage 

2d  mortgage 

sd  mortgasre 

Ciina.  Convertible 

StrAJt  ArieTt'te-  stock 

1st  inorti^age 

7ltird  Apeuatf— stock 

iHt  mortga^ 

J  icent^-tktra  tUreet — stock 


2,000.000 
1, '200,000 

300.ii;'0 

l,8.'-iO,0CO 

386.000 

4,0(X1,1XXI 

2,100,000 

1,I«).000 

5(Xi,0(io 

5  0(X1.000 

1,000.000 

soo.noo 

4,000,1X10 

1,000,000 

800,000 

456,000  I 

53.0(X) 

-n.i'ooi 

1,000,000  I 
1,000,000  I 


Periods. 


CJ-F. 

Q-J. 
A.AO. 
F.AA. 
J.  A  J. 
J.  A  J. 
M.AS. 
M.  A3 
J.  A  J. 


M.AN. 
Q-F. 
M.AS. 
F.AA. 


J.  A  J. 
J.  A  J. 
J.  A  J. 


Last        Bid. 
dlviiiend. 


July.    '1! 
July,*75 


May 

July. 


July,  "75. 


5     July.   '75    140     . 
7      102kI, 


243 

1,"'2 
101  >, 


29.) 
157 

ice 


131 
170 


Insurance  Stock  List. 

(Quotations  by  K.  8.  Uaukt.  broker.  65  Wall  street.) 


103  S 

:65 

98 


lOU    j  10.^ 


lOii 
000 
100 
UKX! 

:o 

1000 
100 

too 

1000 
1110 
UXXl 
1(100 

lOOO 
100 


100 
KXIO 
50 
100(1 
10.0 
10(Xi 
1000 

100 

101 X) 
100 

1000 
100 

llIX) 


900,0(10 

614,000 

2,1(X),(XX1 

1,600,000 

2,000,000 

800,000 

'.JOO.OOO 

4011,000 

300,000 

1,161,000 

550.000 

600.0011 

650  ono 

sin.ooo 

l,'iOO,000 

9(KI.(XX1 

i,0(Ki,n(Ki 

203,(XX) 
750,00(1 
2.'0.0(X1 
660.000 
200,000 
797,000 
167,000 
1,(«9.500 
350,000 
200.000 
ISO.WKI 
S<):',rOO 
750.00r 
2.50.000 
2,000,000 
2,00O,(XXI 
600,(XXi 
120.01X1 


J.  A  J. 
J.  A  J. 
J. AD. 
Q-F. 

j:&.i. 

J.  A  J. 


J.  A  J. 


F.AA. 
M.&N. 


J.  A  J. 

Q-r. 

J.  AD 
J  .  A  J . 
J.  A  J. 
M.AN. 
A.AO. 


J.  A  J. 
Q.-F. 
J.  AD. 
F.AA. 
A.AO. 
M.AN. 
M.AN. 
J.  A  J. 

Q-r- 

J.  A  J., 
J  A  J. 
M.AN. 


1880 
July,  75 

1884 
MaT.'75 

1872 
July,  73 


1888 


1882 
1890 


1817 
May,  '75 


July, '75 


M'^y,  '75 

1873 


Jalv.7i 

1877 

1876 

1835 

1888 
M«y.-75 

1890 
May.   '76 

1890 
July  ,'75 


71 

92M 

ios" 

160 
63 
85 


92  K 
1S5 
100 
100 


72X 


100 
63 


100 


Thi»  coiuaku  buows  last  dlvluend  uo  etocka,  kIbo  date  of  maWrlly  ot  botuU, 


100 
146 
1(10 
1011 
100 


,nA^" 


Adilatlc 

.lUtna 

American 

American  Exch'e. 

Anilly 

Arctic  

Atlantic 

Bowery... 

Brewers'  A  M'lst'rs 

Broa'lway 

Brooklyn 

Citizens' 

City 

Clinton... 

Columbia 

commerce  Fire. 

Commercial 

Continental 

Kagle  

Empire  City 

En  poriuin 

Kxciiange 

l-'arraKUl. 

Firemen's  ... 
Firemen's  Fund 
Firemen's  Trust... 

Gobliiird 

German -Amen  can 

Gerniania 

Globe 

Greenwich 

Cuarai  ty . 

(inardlan 

Ilamlltou 

Banover 

Hoffman 

Home 

Hope 

lt<'>ward 

linporters'A  Trad.. 

lr\lng 

.li'ffi'rson 

Kings  Co.  (B'klyn) 

Kiilckcrbockpr 

Lalayette  (B'klyn) 

[.aniar..    ', 

Lenox 

LonKl9land(Bkly.) 

I.orlTlard    

Manuf  ABMliders'. 

Manhatta>i 

Mech.ATrad'rs'.... 
Mcelianlcs'(Bklyn) 

Mer(-antile 

Merchants*  

Metropolitan 

Montauk  (B'klyn). 
Nassau  (B'klyn)... 

National 

N.  Y.  Equitable.... 
New  York  Fire  ... 
N.  Y.  A  ionkers. . 

Nla-jara 

North  River 

Paclflo 

I'ark  

Peter  Cooper.  .  ... 

People's 

Plienlx  (B'klvn)  .. 
I'roduce  Exchange 

Kelief 

Republic 

Kldgewood 

liesulnte 

Untgers' 

saleguard 

St.  Nicholas.. 

Stanitard 

Star 

Sterling 

Stuyveaant... 
Tradesmen's., 
nnited  States 
W>'8tche^ti'r. 
Wi11lnm«linri.'Cltv. 


Capital. 


Par  Amoiuit. 


40 
50 
100 
25 
50 
25 
IOO 
lOO 
25 
50 
50 
50 
(0 
50 
50 
37K 
3.S 
100 
100 
no 
25 
25 
100 
20 
20 
50 
11.11 
50 
100 
1(XI 
100 
25 
100 
25 
50 
100 
100 
25 
23 
25 
10 


'2(XI.HXI 
200AX) 
400.000 
200,000 
»XIOOO 
20(.000 
'200,000 
S(X),000 
200.0(0 
200,000 
153,000 
300,000 
210,000 
250,000 
800,000 
200,000 
200,000 

11,000,000 
300,000 
200,000 
■»1.0(0 
200,000 
200,(XX) 
201,000 
150,000 
1.50,000 
200,000 

1,0(0,00(1 
500,000 
20(1,000 
200,000 
■.'«0,000 
200,000 
150,000 
500,000 
•2(X),000 

3,r00,iXX) 
1.50,000 
rOO,(XX) 
20(l,(XXl 
200,000 
200,010 
150,000 
280,000 
15(1,000 
200,000 
150,000 
'200,000 
300.000 
200.00(1 
250,00(1 
200,000 
150,000 
200,000 
200,000 
300,000 
200,000 
200,000 
200,000 
210,000 
200,000 
200,000 
.5(X1.(00 
3.50,000 
200,(XX) 
2(X1,(XX) 
150,0(X) 
150,000 

1,000,000 
20(l,r00 
200,000 
800,000 
200.1(10 
200,000 
2(X),000 
■2011,000 
200,000 
200.000 
200,000 
200.00b 
20(1,000 
150,000 
250,000 
250.000 
■i50,(Ki(i 


119.112 
18T.1S9 
319,75$ 
l'a,47J 

50,0(8 
15130 

3«.7>S 
121,471 
234.114 

ajlli 
3<0,98i 
19<,00l 

•203» 
426,524 
128,600 
350,I3» 
165,21< 
211,544 
132,708 
53«,',!21 

12,<00 

43,091 
lOlJXtt 

58,877 

30,441 
191,749 

90,507 
t31,40e 
121,506 

78,980 

71,077 
165,369 
153,966  .. 
246,885  14 
tl62,560  10 
256.680  10 


•  (Hrir  all  Haiti  I  ides,  including  re-'usuranc*'.  capital  mi'i  pr<in(  »r.t  iji 
t  Stock  dividends  of  25  per  cent  by  the  Hanover  and  Westchester,  2)  per  cent 
bv  the  Home,  and  33X  per  cent  by  the  St.  Nlchol  is.  have  since  been  declared  out 
of  above  net  surplus. 

CSty  SecnritieK. 
[Quotations  by  Daniel  A.  Mobax.  Broker,  40  Wall  Street.] 


1NTKKK8T. 


Nem  York: 

Water  stock lSi1-f>3. 

do        1854-57. 

Croton  waterstock. .1815-51. 

do  do       ..1853-60. 

Croton  Aquad'ct  stock. 1865. 

do       pipes  and  mains 

do       reservoir  bonds 

Central  Park  bonds.  .1853-57. 
do        do        ..1853-65. 

Dock  bonds 18.52. 

do         1870 

do        1-75. 

Floating  debt  Block. ...  1860. 

Market  stock 1865-68. 

Soldiers' aid  fund 1863. 

d'o  ilo      1863. 

Improvement  stock 1869 

do  r.o      ....1669. 

Consolidated  bonds var. 

Street  Imp.  stock' var. 

do         do       var. 

NfW  Consolidated 

Westchester  County 

Jersey  Lllu: 

Walerloan 18.52-ff7. 

do       long ,. 

do       1869-71 

Sewerage  bonds 1866-^9. 

Assessment  bonds...  1870-71. 

Improvement  bonds    

Bergen  bonds 1868-69. 

flriioii»«-LQaotations  by  N. 
Local  Improvement— 

CItv  bonds 

do         

Park  bonds 

Water  loan  bonds 

Bri.igebontls 

Water  loan 

City  bonds  

Kings  Co.  bonds 

do         do 

Alt  Brooklyn  bonds  flat. 


Idonths  Payable. 


Feb.,  May  Aag.ANov. 
do  do 

do  do 

do  do 

do  do 

May  A  November. 

Feb., May  Aug.A  Nov, 

do  do 

do  do 

do  do 

May  A  November. 


Feb., May,  Aug.A  Nov, 
May  A  November.^ 
do  dc 

do  do 

do  do 

do  do 

do  do 

do  do 

do  do 


January  A  July. 

January  A  July. 

do  do 

Jan.,May,  Ji;ly  A  N'ov 


January  and'Jnl?. 
BssBs,  Jr.,  Broker,  2>, 

January  A  July, 
do  do 

do  do    - 

do  do 

do  do 

no  ;  do 

do  do 

May  A  November, 
'lo  do 


Bondsduc. 


lS75-a) 
1675-79 

1390 
1883-90 
1881-1911 
1881-1900 
1907-11 
1875-98 
1875-95 

1876 

1901 

1S05 

1878 
1894-97 
1873-75 

1876 

1839 
1879-90 

1901 

1883 
1879-82 

1996 

1891 

1877 

1895 

1899-190J 

13T.'-7? 

lS7r.-Al 

'.905 
lS7l-190n 
Wall  St.] 


1875-80 

1('2 

1881-95 

115 

i;ii5--;i 

110 

1903 

not-- 

1915 

It  9 

19g2-1!iOo 

:i2H 

U81-95 

11 1 

1880-83 

116 

1875-SU 

102 

1*RI0E 


Bid.    Ask 


96 

lot 

96 

11  2H 
102  >, 
■.09 
IlKX 

96 
WIH 

97 
lOS 

loss 

1I1S>, 
107 
112 
■■.01 
102>. 
ilUX 

no 

1(12  >i 
•10:i 
1  2 
106 

»5 

95 
10'. 
1(W 
100 
.03  K 
102 


97 
101 

« 
103 
103 
110 
108 
97 
103 
9.-H 
110 
103 
103 
110 
l('2>!i 
103 
103 
lOS 
113 
.03 
lOS 
113 
107 

98 

97 
;06 
103 
101 
104 
103  >S 


insx 

107 

111 

U1H 

no 

i(« 

102  H 

!(i7 

104 


Sepkmber  4,  1816.] 


THE  CHRONICI.E. 


229 


ImotBUwtnXs 


STATE.  CITY  AMD  CORPORATION  FINANCES. 

The  "  loreaton'  Sapplemeat"  is  publUhad  regularly  on  tbe  lact 
Satardajr  of  web  moDtb,  and  furniahed  to  all  regular  Babncribers 
ol  the  Chboniclb. 

ANNUAL    REPOB.T8. 

Texas  *  Paclflc  Railway. 
{For  tAe  fear  ended  itaj/  31,  1875). 

The  report  of  Thoa.  A.  Scott,  president,  (fives  a  brief  hiafory  of 
this  oompaay  froin  i(«  orgaDiaation,  froB  which  we  condense  the 
followioir : 

The  origiDal  act  of  Incorporation  undar  whieb  your  coiiiT)«Lny 
avgaoised,  was pasaed  by  CongreM  in  Mardi,187!,and  aupplemenlal 
■eta,  T««(tDg  additional  powers  in  tbe  company,  were  parsed  in 
187*,  "73  aD<i  '74. 

ThB  cbartfr  authorized  the  construction  of  a  railway  on  the  S2d 
parallel  of  latitude  from  Marsliall.'Texaa,  tbrongh  to^  tbe  PuciBc 
eoaat,  wiih  the  right  to  acquire  Iit  par:hai>e,  cooiolidatinn,  or 
othorwiae,  the  property  and  franrbi^Va  of  any  other  railroad  com- 
paay  or  eompaniea  prerioasly  chartered  on  the  aaoie  route ; 
Mmditt»ntd  thai  the  "  indebt-doena,  or  other  lethal  obtiiratinna  of 
"said  company  oreompaBies,s',iall  bieaaanmed  by  tbe  Trias  Pacific 
"mllway  com^iany,  <w  asajr  be  agrttd  <tp9it ,'  and  no  such  consolida- 
"tioo  or  parefaaae  shall  Impair  any  U«»  which  may  exiat  on  any  of 
"the  rallroada  so  eonaolidated  or  panfNaed  ;  but  s>id  compiany 
'shall  Dot  aaaome  the  debts  or  oSli(«ttoiM  of  any  company  with 
"which  it  may  conrolidate  or  parchsae  at  aloresaid,  ta(an  amount 
••grraienhfinihr  r/jM  valut  o'  tbe  assato  recelT»d  from  theaame." 

Ill  '     -  'le  eompany  aoqnirad,  '  Ke  and  omsoll- 

da°  ioehl.e  and  property  ithern  Pacific 

railruai  rniiijiaiir.  n  corporation  ortranlseti  'nr  •i  me  laws  ol  tbe 
Slate  of  Texas,  and  owning  and  nixratlog  sixty  six  (60)  miles  of 
road  Ix-twr*,!!  Siir,-rrT,»rt  >ti.1  [^/meview,  with  the  right  to  extent 
its:  -in  i<  :  andsabsoqaeotly  Itaoiuired, 

ID  t  -r    iriTllrgca   and    property  of  the 

So   '  .nuaul  railwkj  company,   a   corporation  also 

otf.i  law*  of  Trxas,  baTiD<  a  right  to  i-nnstrucl  a 

road  iroiniii-  nnrianut«ro  bouri'larr  of  thetiiate  to  Rl  Paia,and  to 
aeqairs  tbo  pmperty  and  Iranrliin-*  of  the  Memphis  El  Paso  k 
Paeifle  rallinad  enm|iaDy,  aauthrr  Texaa  corporation  that  bad  been 
prerioosiy  authoris-d  lo  coostract  a  mi  orer  th'  rama  roate,  hot 
whose  traaeblsa  bad  been  declared  forfdlod  by  tbe  8late  UoTern 
meat. 

Of  the  DA  mile*  of  eld  road  so  pvrehaaed.  23  miles,  from 
llarahall  east  to  tbe  State  line,  wrrf  eooalnieted  by  the  old  Sootlv 
era  Pselfle  railroad  eoRipaoy,  and  ZOmitaa  addltWioal  in  Louisiana, 
between  the  tttata  lloa  aad  Sbrereport.trare constructed  ooder  tbe 
VIekabary  Bbfaropan  ft  Texas  railroad  eompany  charter,  and  were 


la  I8W  tiieaa  pluyartlaa  were  both  aald  eat  under  aome  twenty  - 
flra  difeiaat  exscattoaa  aad  dscrena  of  eeert,  and  all  the  right, 
title,  and  inteicat  of  tlM  old  enrporailoa  pasasd  by  these  aaleo  lo  a 
new  company  organiaad  aa  "  The  Soelhara  Paeifle  railroad  cnm 
paay ; '  and  It  was  tUa  mtn  ooMpaoy  ihaHMaat  rested  the  *i  lalles 
of  read  beiwreo  ManikaU  a*d  L0O7Tiew,.aad  had  a  j  lot  intsrea*. 
with  tliM  S'lii'Iixra  Tvanar-kDiiiifntAl   railway  eompany  In  the  sla 

■lis  tiute  o(  Texas,  f^vm 
^  M  milse  of  punihaaad 
r  <>  :       :  :  luilus  ».'  -X^i  lines  baTs  all 

1"  •  i        -  .  'ur  Uoi'>fi  i-ier,  auppiemeated 

by  •periu  ^"ao'.i  *:/'i  a<ti«  ol  antborvaauoo  made  dtiaci  to  your 
company  Irom  tbe  Stale  ol  Texas,  or  aoqaliad  aadat  goaeial  laws 
of  that  Bute. 

Tba  Itsmphts  EI  Paso  k  Pacific  f^lroadaaapaay.  rshrred  Uln 
eoDoaaioa  with  the  Sootbeni  Transeoatiaealal  railway  eompasy, 
was  laoarporated  by  the  State  nt  iexaa.  ta  Fkbrnary.  18W,  with 
aathonty  to  oosairoet  a  road  from  tbeaortbeastem  boundary  of 
tba  Stale,  wastwardiy  ta  tba  Bio  Qraade.  at  or  aaer  El  Kso,  with 
a  hraocb  to  Jafliuaoa:  aad.  to  aid  la  te  aoaatrneUoo.  tbe  State 
bad  dooat«d  sUteen  aaaliaM  lfl.<00  aaaaaol  laad  to  tbe  milo--4er 
ahoai  830  miles,  with  a  iMWtallnn  !•  ■U*a<wlde,  6  miles  oa  each 
side  of  lu  maia  lin--.  *<  drsiirnated  by  aanay*. 

In  P>-bra«rT.  !WT  -'  .i<  li  El  PaaoeoiBpany  mortgaged 

tbe  flr>(  IVltiit:,*  .-ant  asd   resrrTatton   to  sscarr  a 

'.>0  of  Q  per  canted  baads.  payable  to 
'S.  C.  M'DoweU.  or  bsaier ;  aaa  agala,  in 
'•>>4(aiceda  second  ISO atUeSalosecareaaotlkar 
OOOjnbof  6  per  eaat  jaid  boada.  payable  to 
I  undrr  these  marlgagea  $3J42,<U0  hood* 
■\  sarTi9  ol  tbe  Iloe  was   made 
.   .'iifiiale  Us  re«erTaliui>.     About  fi$ 
bridged, and  tied;  a  |>orti<>ii  of  tbe 
ahnal  6  iai!ea  at   iri>o    rails  and 
tivKa  ware  plaod  upon  the  Uoet 
Ivriit;  aad  ia  July,  li70,oa  applk' 
.r-LTitires,  aa  Order   waa  made  by 
-me  Court  of  tlie  United 
>:ircuit,  direeUog  John  A. 
lUu  proyortf  aad  aaaets  ol  the 


pr..f. 

Jol.r 


wrr 
br 


ooe  uf  It. 


.Jcl, 

and 


<  Miua  vf  ail 


<i'«areaiid  salv  were  aabarqaaiitly  rendered  ia 

I  tue  property  wn*  sdrertlsed  aad  sold  at  public 

.     -^      lit  purchased  by  tl,H  [I,>D.  EoucU  L.  Faocher,  of  New 

Kork  diy,  who  tmmodlately  executed  a dedaiatloa  of  tmsl  to  tba 


effect  that  "  he  held  the  title  to  said  franchises  and  property  in  hia 
"name,  under  five  olficial  deeda  of  conveyance,  for  the  purpose, 
"among  others,  to  convey  tbe  same  as  the  court  may  direct,  for  the 
"benefit  ot  the  holders  of  said  land  graot  bonds." 

In  October  of  enme  year  an  order  was  entered  in  the  same  court 
authorizing  a  sale  and  conveyance  of  the  property  to  the  Texaa  & 
Pacific  railway  corapanv  for  aconslderatlouof  $150,000  cash,  to  be 
p»id  to  the  receiver,  and  a  covenant  on  the  part  of  tlie  purchaser 
with  the  receivpr,astru9teent  theboudliolder»,toexchangeland  in 
in  Texrg  for  paid  bonds,  at  the  option  of  the  holders,  in  the  propor- 
tion of  700,000  acres  of  the  reserved  lands,  to  be  selected  from  within 
the  reservation,  for  $5,400,000  of  land  grant  bonds,  or  13  acres  for 
each  $100  of  bonds;  and  in  June,  1873,  a  proper  deed  of  convey, 
ance  and  agreement  betweeu  the  Texas  &  Pacific  railway  company 
and  Messrs.  (jray  &  Fanclier  waa  formally  executed,  conveying  the 
roadway,  laud  grant  and  reservation,  tranchise  and  other  corporate 
powers  and  property,  as  an  entire  thing,  as  authorized  by  the 
United  States  courts  after  three  vears  of  litigation  ;  and  under  this 
arrangement,  the  holders  of  $4,689,100  of  these  "French  bonds" 
bave  already  given  notice  of  tbeir  desire  to  accept  land,  and  have 
placed  their  l>onds  in  escrow  fortbat  purpose,  and  of  the  remainder 
but  $4US,600  have  filed  their  claim  with  the  receiver. 

Previous  to  tbe  purchase  bv  this  company,  the  State  of  Texas 
bad  granted  to  the  Southern  Pacific  and  Southern  TranpcoutineuUl 
railway  companies  six  millions  of  dollars  in  its  bonds  (with  the 
right  reserved  to  subetitute  land  for  bonde,  which  has  since  been 
done),  on  condition  that  both  lines  should  be  cjmpleted  by  Janu- 
ary 1,  1874,  to  a  point  ol  junction  west  of  the  east  boundary  line  of 
Shackleford  County,  or  a  litlleover  700mileoof  road  was  required 
to  be  ounstraeted  by  your  company  within  twenty-one  months 
from  the  date  of  consolidation,  under  penalty  of  forfeiture  of  the 
entire  donation 

As  it  waa  Impoaaible  to  obtain  the  funds  necessary  Irom  stock 
aubasripltoaa,  or  by  lale  of  bonds  on  a  r  jad  not  built,  a  contract 
was  made  with  the  California  &  Texas  railway  Construction  Com- 
pany, a  company  organized  for  the  purpose,  with  a  nominal 
capital  of  $10.0011,000,  and  an  actual  subscribed  capital  of  $8,221,- 
'2M— the  CosatMietion  coiiipauy  undertaking  to  advance  all  the 
mooey  neceeaary  to  build  and  equip  13S  miles  of  r<ad,  before 
reeaiving  any  of  the  bonds  or  stock  to  which  it  would  beoonte 
eotUled  oa  ooiupletiin  of  the  work,  and  to  take  the  not  inconsider- 
able risk,  as  evaau  have  proved,  of  tbeir  subsequent  negotiation 
aodsale. 
.  In  order  that  there  might  he  no  eaoae  of  complaint,  and  no 
injustice  done  to  the  strckholdere  ot  the  Texaa  &  Pacitic  railway 
company,  tbe  olTer  was  made  to,  and  accepted  by  them,  to  exchange 
ibeir  sbarea  of  the  Trxan*  Pacific  railway  company  stock,  dollar 
for  dolUr  of  amount  paid  in  cash,  for  CoastrnoUon  oompsay  stock, 
so  that  tbe  Construction  company  ibua  became  the  owner  of  the 
entire  capital  of  the  railway  compaay,  except  what  waa  held  by 
the  maioliera  of  the  board,  aa  neoeaaary  to  qualify  them  to  serve  as 
directors. 

It  waa  under  these  circumstances  that  the  work  of  construction 
waa  commenced  and  vii,'or"uslv  prose-iuiel  until  January,  1874, 
wboa  there  were  eompleled.  and  in  operation  by  your  company, 
the  Itaee  from  Bhrwreport  to  Dallas,  from  Marshal!  \fi  Teiarkana, 
and  from  Sherman  to  Brookstoo,  in  all  317  7  10  miles  of  road, 
wilbont  any  defaalt  or  lapse  ia  tbe  charter  requirements  ;  and  in 
addition  118  miles  of  roadway  (0«  miles  between  Brookston  and 
Texarkana.  12  milea  west  i»f  Dallas  and  Sherman,  and  10  miles 
from  the  B«y  of  Sao  Diego,  east)  were  graded  and  bridged,  or  with 
bridge  limber*  and  ties  oa  the  ground,  really  lor  the  rails  ;  and 
aioce  tbea  additiooal  legislalloa  from  the  State  of  Texaa  has  beea 
obtained,  extending  I'le  lime  for  the  oompletion  of  the  work,  ao 
that  there  baa  been  no  forfeilnre  under  the  grants  made  to  ci 
■caulred  by  your  company  up  to  the  prueent  lime. 

The  snUre  Una  through  to  tbe  Pselfic  Ocean— about  8,000  miles 

)g  all after  a  careful  examlnaiiim  and  survey  of  the  c>untry,  has 

been  advantageously  loraied.  aad  tbe  necessary  maps  and  working 
ratimate*  have  bven  made. 

Ol  origloal  slock  capital  subject  to  the  hazards  of  the  enterpriae, 
t8iBM590  S3  was  paid  in  by  stockholders  ot  tbe  Construction 
coapaav ;  aiMl  aa  that  eompany  had  alao  a  large  iodebt«dnees, 
with  aaseta  e^aalsting  almost  entirely  of  the  Texaa  ft  Pacific  rail- 
way company  s»eurlties  that  it  waa  found  impossible  to  sell  after 
the  panic  of  1878  ;  and  as  there  seemml  little  prospect  that  It 
woBld  soon  be  able  to  continue  the  work  of  conatrnciion  under  us 
eoMcact,  an  a^treement  waa  made  in  March  last  (1875)  between 
tba UMMrtVaniea,  by  which  there  waa  secured: 

Pint,  A  ^ncellation  ot  tbe  existing  construction  contract  from 
tliat  date,  and,  , 

Sttond,  A  reduction  of  tbe  present  onmulative  Interest-bearing 
debt  of  your  company  to  $^5,000  per  mile,  by  calling  in  and  retir- 
Ine  the  outsUnding  construction  bonds  authorized  to  be  Issned  at 
$40000  per  mile  none  of  which  had  been  sold  by  the  Constractlon 
com'pany  or  by  the  Kailway  companv,  and  substituting  in  lieu 
thetiof  fli»«  raortirage  bonds,  limited  to  $^,00O  per  mile  on  the 
lines  east  oi  Fort  Worth.-$a,500,000  of  this  issue  to  be  used  only 
in  comr.le.lngsnd  equipping  120  miles  of  partly  constructed  line 
betwee^  Fort  Worth  and  Dallas,  and  between  Brookstonand  Texar- 
kana-  and  SMOnd  or  eontoUdatol  m-prt-sge  bonds,  $  17,000  per  tnlle, 
tbe  twa  mortgagee  limited  ti  $i5,000  per  ra\ioJa  all,  theas 
eeoaolldated  bonds  to  be  used  in  payment  of  indebtednesa  ;  both 
nwrtgagee  to  carry  »  per  cent  Interest  In  gold.  .... 

It  waa  also  agreed  to  issue  ap  Income  and  land  grant  bond  not  to 
exceed  $17,000  per  mile,  to  be  exchanged- at  par  for  outstanding 
Und  rrani*>nds,  the  accrued  Iniereat  thereon  also  to  be  funded  In 
Ibeee  bondTTth.  new  bond*  lo  have  all  »!"'  '"•■='"•'7  °'  '^.f,.°'* 
land  tfrant  bonds  by  fir«t  mortgage  on  the  lands,  and  in  addiiiOBV 
a  mortgage  on  the  income  from  tlie  railway,  in  excess  of  what  ia 
required  lo  pay  $l,'i00  per  mile  of  gold  intereat,  and  the  stoking 
fund  on  $23,000  first  and  second  mortgage  t)Ovds ;  the  t^nsiruc- 


230 


THE   CHRONICLK 


iSeptenber  4, 1876. 


tioa  oompanj  andertiJiing;  to  retarn  all  the  eoDBtmction  and  land 
grant  bonds  it  bad  received,  as  none  had  been  sold. 

Under  this  arran^ment,  crrditors  representing^  85  per  cent  of 
indebtednesfl  of  tbe  two  companies,  have  agreed  to  accept  the 
consolidated  mortjjrajge  bonds  in  satisfaction  of  tlieir  claims,  which 
will  l»?ave  f  3,544,000  of  first  mortjfBge  bonds  limited  to  |8 ,000  per 
mile,  the  entire  issue  on  443  mile8,wiih  which  to  complete  120  miles 
of  partly  constructed  line  east  of  Fort  Worth,  and  to  sattsfy  aliont 
one  million  dollars  of  floatin(;  indebtedness,  mainly  of  the  Con- 
Atrnction  company. 

INCOME  ACCOUNT,   YEAR   ENDINO   MAY  31,  1875. 

Or. 

"By  baUnce,  June.  1874  $m,981  S4 

By  psssenger  receipts ...  $1)26,833  (S 

By  freight  roiicipts 729,8(18  28 

By  eiproBS  service 11,2){|  92 

By  In^il  sfi^lcc  28,644  1.') 

By  telegraph  B-rvice 6,827  90 

IJjrenUl        77,600  04 

By  mlacellaneuas 2,304  47—1,183,313  33 

ToUl .'$1,357,194  67 


Dr. 

To  condnctinj;  transportation (23.5.6.57  02 

To  motive  power 205,4.54  00 

To  maintenance  of  roadway 224,9.5()  20 

To  maintenance  of  cars 80,873  11 

To  general  expenses 43,363  52 


Operating  expenses  for  the  year $789,803  85 


Balance  to  credit  of  income ." $^7,390  ( 

Against  which  there  is  charged: 

For  int«ri*t  and  exchange $21,362  62 

For  legal  expenses   . .  15,217  27 

For  general  office  expenses 20,733  16 

Forconnty  taxes 5,088  71—  $62,401  ' 


'Bnrplns $504,9»9  06 

LAND   DEPARTMENT. 

The  company  has  earned,  under  its  ({rant  from  the  State  of 
'Texas,  20  certificates  ot  640  acres  each  per  mile,  on  282  15  miles 
•of  road  and  sidings,  or  5,644  certificates  in  all,  agjjrepating 
3,612.160  acres  of  land.  Of  these  certificites,  3,256,  augrejfating 
1,443,840  acres  have  been  already  received  from  tlie  State  Land 
Office,  and  8,388  certificates,  aggregating  2,168,320  acres,  are  due 
trom  the  State,  and  will  be  issued  on  payment  of  the  usual  fee  of 
$4  each. 

There  has  also  been  received  from  the  State,  on  account  of. road 
constructed  by  tlie  Southern  Pacific  Railroad  Company,  2S6  cer 
tificates  for  183,040  acres,  wliicli  liad  not  been  drawn  previous  to 
the  purchase  and  consolidation  of  that  company  with  yours.         • 

GENERAL    INVESTMENT    NEW8. 


Atlantic  &  Great  Western. — Prom  a  pamphlet  circular  issued 
by  Mr.  Jamts  McHnnry,  in  London,  we  take  tlie  following : 

The  receiver's  reports,  filed  June  11  and  July  6,  1875,  show  tbat 
the  Atlantic  &  Great  Western  Railroad,  together  with  the  Cleve- 
land &  Mahoning  Valley  system,  have  been  operated  with  the 
following  results : 

Gross 
Earnings. 

From  10th  to  3l8t  December $210,984 

Month  of  January 273,234 

Fbruary 295,402 

"       March  295.509 

AprU 328.509 


to  operate  them  at  the  expense  of  the  fund  coming  to  htm  as 
Receiver  ;  to  which  decision  the  Cleveland  &  Mahoning  Valley 
Railway  Company  takes  exception. 

The  Court  of  Ohio  has  appointed  the  Hon.  Reuben  Hitchcock, 
on  the  same  date,  a  Special  Master  Commissioner,  with  full 
power  to  Investigate  and  report  as  to  the  amounts  respectively 
due  to  the  Cleveland  &  Mahoning  Valley  Railway  Company,  the 
Cleveland  Mount  Vernon  &  Delaware  Railway  Company,  and  the 
Trustees  for  the  Ohio  First  Mortgage  Bonds,  the  priorities  ot  their 
respective  liens,  and  the  property  covered  by  such  liens,  and 
whether  due  by  the  Atlantic  &  Great  Western  Railroad  Company, 
and  a  charge  upon  its  mortgage  property  or  otherwise. 

PDKCHASE   AND   HIEE  OF  ROLLING  STOCK. 

Mr.  Devereux  reports  that,  on  the  18th  April,  1875,  with  the 
approval  of  the  Ohio  Court  and  all  parties  in  interest,  he  had 
succeeded  in  concluding  a  contract  with  the  Rolling  Stock  Com- 
pany for  the  hire  of  the  necessary  equipment  on  the  following 
conditions: 

The  Rolling  Stock  Company  leases  to  the  Receiver  1,321  broad 
and  narrow  gauge  cars,  and  any  broad  gauge  equipment  additional 
to  that  in  his  possession  on  fifteen  days'  notice  from  16th  April, 
1875,  and  19  locomotives — the  Receiver  to  have  any  further  broad 
or  narrow  gauge  stock  as  may  be  mutually  agreed  upon  on  the 
same  terms  as  lor  that  already  in  his  use.  The  stock  to  be  taken 
at  a  depreciation  from  new  of  12i  per  cent,  as  its  present  con- 
dition, and  to  be  returned  at  the  same  percentage  of  depreciation. 
The  price  to  be  paid  by  the  Receiver  is  15  per  cent,  per  annum  on 
the  original  cost,  payable  monthly  on  the  10th  of  each  montu, 
with  air  taxes  during  the  period  of  the  lease  from  10th  December, 
1874.  The  Receiver  to  pay  in  his  official  certificHtes  carrying 
interest  at  7  per  cent,  p  r  annum,  to  be  a  charge  on  income  after 
the  current  expenses  of  the  Receivership,  operation  ol  the  road, 
rental  of  leased  lines,  and  interest  on  the  Ohio  First  Mortgage- 
The  Receiver's  notes  to  be  a  lien  p'ior  to  the  mortgages  made  to 
Taylor  &  Dunphy.  The  agreement  is  for  two  years  from  the . 
Receiver's  appointment,  unless  his  appointment  shall  terminate 
sooner.  The  Receiver  undertakes  to  pay  fi>r  the  use  of  ihe  rolling 
stock  betwt-ea  the  date  of  his  appointment  and  thif  agreement,  in 
the  manner  and  on  the  terms  as  above.  From  December  10  to 
April  1,  the  amount  due  was  $115^36. 

At  a  meeting,  in  London,  of  the  holders  of  the  leased  lines 
rental  trust  bonds  of  1872,  the  chairman  said  that  the  terms  of 
settlement  generally  proposed  by  the  committee  appointed  June 
30  were  as  follows  :  'That  there  should  be  one  entire  lease  of  the 
three  leased  lines  at  a  single  rent;  that  the  rental  for  the  first 
three  years  should  be  equal  to  4  per  cent,  sterling  of  the  entire 
issue  of  bonds— namely,  £1,100,000— after  deducting  bonds  since 
paid  off,  and  plus  the  rental  of  tlie  Cleveland  &  Mahoning  bonded 
debt  ;  that  the  rental  should  be  equal  to  6  per  cent.,  and  that  the 
rent   for   the   year  1875   should   be  carried  back  to  the  first  of 


Operailne 

Net 

Expenses. 

Kevenne. 

$174,412 

$36.  .572 

224.4S6 

48,808 

225,082 

70,820 

2ib,970 

68,539 

227,752 

100,757 

$1,078,642 


$321,996 


Operating 

Net 

Expenses. 

Revinue 

$11,945 

$i.5ai 

8,586 

2,615 

7,288 

9,093 

7,365 

4,902 

7,760 

7,70J 

Total $1,403,631 

The  receiver's  cash  statements  show  the  following  result:  Total 
•collections,  $1,868,617;  payments,  $1,798,003;  balance,  cash  on 
band  April  30,  $70,613.  In  the  above  payments,  amounting  to 
$1,798,003,  tlie  receiver  includes  sums  paid  to  the  Cleveland  & 
Mahoning  Railroad  for  rental,  amounting  together  to  $258,761, 
being  the  rental  of  the  Cleveland  &  Mahoning  Railroad  only,  and 
not  inclusive  of  the  Miles  &  New  Lisbon  and  Liberty  &  Vienna 
Railroads. 

The  Shenango  &  Alleghany  Railroad,  whose  shares  form  part  of 
the  1873  leased  lines  trust,  was  operated  with  the  following 
result : 

Gross 
Earnings. 

Month  of  January,  1875 $13,536 

"      February 11,331 

"      March 16,381 

"      April 12,267 

"      May 15,468 

Totals $68,877  $42,944  $25,988 

showing  a  balance  of  net  revenue  of  $25,933,  which  is  subject  to 
a  charge  of  $23,333  for  accrued  interest  on  the  Slienant;o  &  Alle- 
ghany bonds,  between  1st  Jauuary  and  81st  May,  1875  ;  the  actual 
cash  balance  available,  therefore,  is  $2,600,  alter  meeting  mort- 
gage liabilities. 

In  the  case  of  the  suit  instituted  by  the  Cleveland  &  Maiioning 
Valley  Railroad  Company  to  compel  Mr.  Devereux.  the  Receiver, 
to  pay  to  that  company  $137,069,  with  interest,  for  rent  of  the 
Niles  and  New  Lisbon  and  Lilierty  and  Vienna  Railways,  under 
their  respective  leases,  to  the  Atlantic  aud  Great  Western  Rail- 
road Company, — the  Court  of  Ohio  decided,  on  the  9ih  of  July, 
1875,  that  neither  of  these  leases  was  embraced  either  in  the 
mortgages  to  Messrs.  Taylor  and  Dunphy,  or  to  the  Trustees  for 
the  Ohio  First  Mortgage  (.Messrs.  Schuchardt  and  Meyer) ;  that 
the  Receiver  was  not  authorized,  by  the  order  appointing  him,  to 
take  over  these  lines;  that  his  having  done  so  was  merely  tem- 
porary ;  and  that  he  is  not  under  any  obligation  to  pay  the  rent 
stipulated  in  either  of  these  leases,  or,  in  fact,  any  rent  above  the 
value  of  the  use  of  these  two  Railways  while  he  oper^fJBd  them. 

And  the  Court  has  further  ordered  Mr.  Devereux,  on  the  same 
date,  to  surrender  and  abandon,  as  soon  as  practicable,  the  Niles 
and  New  Lisbon   and   Liber'y  and  Vienna  Railways,  and  to  cease 


January  last  on  tlie  4  per  cent,  scale,  so  that  the  trustees  for  the 
bondholders  should  receive  the  entire  year's  rent  lor  1875  ;  and 
that  the  Ohio  debt  should  be  paid  off,  so  as  to  leave  nothing 
standing  before  the  leased  lines  bondholders  as  to  their  security. 
He  went  on  to  say  that  those  terms  had  been  assented  to  by  the 
first-mortgage  bondholders  and  Mr.  McHenry. 

The  report  of  tlie  committee  was  adopted  by  the  meeting. 
Erie. — Interest  on  the  second  and  third  mortgage  bonds  of  the 
Erie  Railway  Company,  to  the  amount  of  $250,000,  fell  due  Sept. 
1,  and  all  coupons  that  were  presented  were  paid,  as  the  injunc- 
tion against  payments  by  the  receiver  does  not  include  these 
issues,  nor  the  first  aud  fourth  mortgages  on  the  Buffalo  Branch. 
Gilman  Clinton  and  Springfield.— Pursuant  to  order  of  court, 
Mr.  Hinckley,  the  receiver  of  the  Gilman  Clinton  &  Springfield 
Railroad,  has  turned  over  the  property  to  Thomas  A.  Scott  and 
Hugh  J.  Jewett,  trustees  of  the  mortgage. 

Loaisiana'  State  Bonds. — The  several  series  of  Louisiana 
State  bonds  which  had  been  converted  in'o  new  consolidated 
7  per  cent  bonds  up  'o  August  20,  1875,  amount  to  $7,106,400  ;  in 
addition  to  which  $750,684  59  of  State  warrants  have  also  been 
funded  at  60  cents  on  the  dollar.  The  new  consolidated  bonds,  as 
far  as  issued,  are  as  follows  : 

4,490taondsof  $1,000  each $4,490,000 

265  bonds  of  $50U  each 1.32,500 

1,055  bonds  of  $100  each 105,500 

Total $4,728,000 

Of  the  above  amount  of  old  bonds,  $888,000  are  levee  bonds, 
issued  under  the  act  of  1867,  and  $774,500  are  special  levee 
lx>nds,  issued  under  the  act  of  1870  of  the  State  of  Louisiana,  the 
validity  of  which  was  recently  determined  by  the  Supreme  Court. 
New  Jersey  Midland. — Receivers  Hobart  and  McCulloch,  of 
the  New  Jersey  Midland  Railway,  have  filed  a  report  covering 
the  operations  of  the  road  from  March  8  to  July  31.  Mr.  Hobart 
was  sole  receiver  to  April  5,  after  which  he  was  associated  with 
Mr.  McCulloch.  Under  the  original  receivership  the  receipts 
were  $18,419  65,  and  the  disbuTsemejts  $10,750  42,  leaving  a 
balance  of  $7,669  23.  Under  the  present  receivership  the  follow- 
ing total  receipts  and  disbursements  are  reported  ■  Receipts,  $190,- 
467  01;  disbursements,  $189,332  79;  leaving  a  balance  on  hand 
since  the  first  receiver  was  apjiointed  in  March  of  $1,135  12.  A 
meeting  of  first  mortgage  ijondhoiders  will  be  held  shortly,  at 
which  the  committee's  report  will  be  presented.  It  is  stated  that 
the  report  will  ])ropose  to  issue  $3,000,000  first  mortgage  bonds 
for  first  mortgage  bondholders,  and  to  give  first  preferred  stock 
for  five  years'  coupons,  second  preferred  stock  to  second  mort- 
gage bondholders,  common  stock  to  floating  debt  creditors,  and 
stock  at  reduced  rate  to  present  stockholders. 

New  Orleans  Mobile  &  Texas  (Western  Division).— A 
circular  addressed  to  first  mortgage  bondholders  was  Issued  several 
weeks  since,  by  F.  M.  Ames,  trustee,  Canton,  Mass.,  together  with 
a  plan   for  the   reorganisation  of  the  road,  and  the  report  of  the 


September  4,  1875 


THE   CHRONICLE 


231 


k 


"Master"  appointed  by  the  V.  S.  Clreait  Ciiart  for  LoalsiaDa. 
Tbe  dreular  of  Mr.  Ames  eootaios  the  following  :  "The  road  ia 
DOW  in  operation  from  Weetwej^  (a  point  opposite  the  apper 
portion  of  the  city  of  New  Orleann)  to  Bayou  Qoala,  aeventy-foar 
miles  from  New  Orleans.  All  the  eompletpd  mad  iii  near  the 
MiisiaBippi  Rirer,  and  the  steamboata  on  the  river  are  in  direct 
eompetition  for  the  limited  busint-n^  on  this  portion  of  the  mad. 
As  a  result,  the  narniuKS  are  very  i<mall.  and  but  little  more  than 
safBdent  to  pay  the  rannio^  expanses — not  lafficient  to  replace 
the  decayed  ties,  a-xi  keep  tiie  r.ja  1-bed  and  rolling  stock  in  con- 
dition. Unless  completed  to  Ur&txi  Rirer  (elerea  tniles),  or  some 
point  where  it  will  get  additional  buaioais,  it  muat  be  abandoned, 
or  an  sasessment  made  oo  the  bondholders  to  pay  for  tiea  and 
■eeessary  repairs  to  the  road-bed  and  rolline  stock.  At  Bayou 
Qonla  the  road  learea  the  Mlssiaaippi  BiTer.and  goes  in  an  almost 
direct  line  lor  the  BaMse  Birer,  153  ailea  disunt,  and  Houston, 
Texas.  Nearly  one  half  of  the  trrxiing  and  brid(^ng  ia  completed 
to  the  Sabine  River.  About  TO.<XIO  crmeas  ties  are  out  at  points 
reached  by  navigation  on  the  Uraod  Rirsr. 

*  The  ndlway  with  which  your  road  is  to  make  oonneetion  at 
the  Sabine  River  with  Hooaton  (known  as  the  Oentry  Road,  and 
oontrolled  by  parties  lafiestsd  with  joa)  is  to  be  completed  by 
July,  1878. 

"  The  plan  for  rsorsaaisation  lubmittsd  is  scceptable  to  the 
eapllalisu  and  bualoeas  mao  of  New  Orleans.  It  bias  been  sub- 
mitted to  the  V.  S.  Circuit  Court,  and  kas  iu  sanction.  The  p'an 
has  the  approval  (with  proviso)  of  toat  committee  chosen  Dec 
tad.  1674. 

"  The  road  r«s  sold  in  loreclosure  oa  ths  18th  November,  1874, 
and  purchased  for  yon  at  the  |>rioe  of  §400.000.  The  sale  was 
conflrmsd  a:  the  last  term  of  the  I'nitad  Mates  Circuit  Court. 

'ThesniU  of  the  Slateof  L<ouisianaaMd other  parties oontinned, 
and  It  was  not  until  the  Sth  of  June,  ISTS,  that  these  sniu  were 
finally  decided  Id  yoar  favor.  As  the  rasvlt  of  this  loofr 
eootianad  UUgatkM,  fS5,000  will  kava  to  be  nOsed  to  pay 
espeaaML 

"  WastssB  beads,  issMd  under  tha  ■Oftpc*  dated  March  15. 
1870.  are  ootsiandiac.  and  by  an  ofdar  of  court  each  of  these 
bonds  will  be  entitled  to  one  tweoty-etgkt  handredtbs  part  of  the 
amount  at  vliicli  ilia  road  wan  puriMissed,  say  about  $180  71  for 
•aeh  boodof  ftlJDOa  The  balance  of  the aaioant  will  give  |C1  81 
■a  ikm  cash  vaioe  of  tha  bonds,  dated  JaDoary  1st,  1873.  Prom 
thsss  atiwf  mmn  km  d«duct4Hi  tkaaoMaof  court,  mIp,  legal 
and  oOmt  sipsBSSS,  mr  |S  03  on  eack  of  Iks  bonds  of  1870.  and 

£!  44  oa  ths  boads  of  1872.  If  the  sspaassa  skoald  not,  from 
lay  or  other  eansss^  esoMd  |2-'>.i)<XI,  tka  cash  value  of  the  bonds 
will  be  abont  fl-'^l  78  and  $M  .17  resjisstWaly.  la  order  to  cany 
ont  the  proposed  plan  lor  reorKkoliatloa,  It  will  be  oaeasaary  to 
make  a  cash  sabaerlpUoa  of  lu  per  Mat.  oa  sack  of  tka  7,SM 
(1728.000).  aad  aa  MBsasmeot  la  Mj  axpaaass  (say  |SS/MO) 
atlng  to  VTMjOOO.  or  $103  46  te  sack  aod  every  boad. 
Every  boadkoMer  Mbieriblag  that  oaoaat  for  each  oi  his  UxikU 
will  be  sathlad  to  Mock  to  the  valaa  of  9379  80.  a  eaas  aay 
boadhnldor  prefers  to  lake  easli  'or  kk  boads,  other  boodholders 
will  be  entitled  to  take  the  boods,  b]r  Paying  the  cash  value. 
iae  97.  aad  MMOMBsas  ft03  4.V-|1«1  81;  for  which  tbey  will 
M  Mthlad  la  $Kn  M,  ia  siaek  ibat  will  anal  oaiside  partiea  par 
U  cash. 

"  It  Is  expected  that  tka  propnsad  «ok  aabaeriptioa  by  Ike 
boadbolders.  and  the  dtlssas  of  New  OdMaa,  with  Ike  addltioaal 
stock  taken  at  par  by  Ikvooalraetor*.  wtti  aoatplstetheroad  (oika 
Sabtar  river,  tkepiopaaad  boad  of  99jM  par  mile,  will  porckosa 
tka  equlpmsai  of  the  rood. 

"  Too  aia  raqoesMd  to  notify  me,  bafors  ike  Isl  day  of  October. 
1879,  wketker  yon  will  sabaeribe  the  mportloa  of  the  f730,000 
rsqnirsd,  or  take,  asy  $98  97  lor  each  bead  yoa  may  kold  " 

Nortkcra  Padla.— Tka  pnrchaal^  aoaimlUsa  at  the  rsosnt 
sale,  which  sal*  kaa  baaa  oooBrmed  ly  tka  mart,  gtvs  natlee  to 
bondholders  who  kave  or  alwU  have  Mrrsadarad  Ikair  beads  for 
praferrvd  stock  in  aeeordaaee  with  tka  niaa  of  taoraaal 

that  a  meeting  will  be  kald  Sept.  M,  at  Ike  oompaay^  ol 

FUlk  avaaaa,  N.  T.,lo  elect  a  board  o(  dlraelors  of  the  new  eom- 
paay. 

— Maslar  Oaaaialoaor  Keaaeth  a.  Wkiio  kaa  made  lo  the 
Daliad  Slalea  Onall  Ooart  hU  final  report  of  Ike  sale  ot  Ike 
Nonkera  PkelCe  laflread. 

As  to  the  varioas  daiaa  for  sxpeaaM,  iHsliaHoiiiiais.  Ac,  be 
Mys  the  folio wtag  bava  baaa  proved  bafota  Ua  aad  ka  fiada  tkat 
Ike  several  sums  est  eppoalu  their  rMpsaltra  aamaa  are  aressssry 
sad  proper  to  bo  paid,  via : 

Ji»Ooato.li5i»se tlJM  « 

gisflsm^ai  Tsww.  twstes.... •a--— 

Tiam  r«nisinfcTsadllatTdTr««« 
A.  B.  XMlMoa  i«sat  of  lbs  tr«*tM>,  Cor 

n   V  *Tnfti»loa" 

onvwVlalMLSSHsisreaafitHtoasris  anksSe    

ftaaMhawut^aassHrsMaslMloBarlSBaiwMla 


vmm 


iairbMa,ai 

•Msasr>'axpsa-asfor*<lT«rtMsc  4 

^-i— , Jws8aod»«pe««e»of  i»)e    ...   .,,..., 

!.' **J^T^  ***B'?*l*l^  »*•**•  •ad  cooaMl.... 

Uwsnl  U  AsJwi^ apMMl£r exwrnplilssaw. 


lunao 


£-  ^i^*,S^t^  *■  *■  ■•btSMa.  SMocUU 


assfoMI.  KoMaaoa  •  Weo*nC 
Jtymsfthwt  ssmsMy sb4  (r 


irwi 


ltelba<laclot«r«st.. 


>  a  Mit  of  EUsB 


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akam  op 

1B.OUO00 
1,000  » 

i.«»oo 
^ooDoo 
ijisooo 
■.aoon 
410  n 


r  >epwt  tbat  aa  «Mas  lave  beai « 
_»_,.— id*. '"^  ♦  •*  aHdssrse.  or  *»■ 
sTBOer.  laiib  *  Co.,  wfekk  Isalowed  I 


of  tl4l  IT.  I  farther  report  tjuit  the  whole  amonnt  of  the  drat  mortgage  bonds 
of  the  Natieniil  PacMc  lUUroad  CompaDjr.  ippeanng  by  the  said  companT'g 
book!  of  coapon  and  registered  bonds  and  the  bond  ledj  r  of  the  trastees,  to 
njre  been  boos  flde  i-asid,  and  to  be  now  oniatouding  and  unpaid  la 
SW.Il(,tOD  of  principal,  and  the  amoaot  of  interest  warrants  and  coapona 
wliich  msT  ao  appear  to  be  dne  and  owing  upon  aach  b  nds  as  may  have  been 
bona  tide  laaaed,  la,  op  lo  July  1,  1875.  $4,l»,i:0  38.  aa  near  as  can  be  ascer- 
tained and  computed. 

"  I  further  And  and  report  that  in  the  Using  and  adjusting  of  all  of  the 
abo>a  amooDta  allowed  by  me.  I  have  been  attended  from  time  ti>  time  bT  tbe 
pertlea  to  tliia  salt,  or  by  their  coousel.  and  have  bein  so  attende<I  at  the  time 
oi  making  thla  my  report :  and  said  report  and  the  several  sums  allowed  bare 
been  tobmitted  to  all  of  them  and  no  objection  was  uken  thereto.  I  further 
nedally  And  and  r«port  in  relation  to  the  amonnts  allowed  to  the  Master 
Commlaaloner  aod  The  Mister  for  tb-*ir  compensation  and  oxpen.<es,  that  the 
aaaM  were  agreed  npon  by  counsel  for  all  the  pirtiea.  and  approved  by  the 
Cooimittee  of  the  Bondholders,  and  have  been  accepted  by  the  Mafter  Com- 
mlasloner  and  the  Master." 

Pacific  Mail— Panama  Railroad.— The  terms  of  the  new 
contract  between  the  Panama  Railroad  and  Pacific  Mail 
Steamship  Companies  are  reported  to  be  as  follows:  Of  the  busi- 
ness  to  California,  the  Panama  Company  is  ufreceive  one-fourth 
and  the  Pacific  Mail  Company  three-fou'rth».  The  Central  America 
business  is  to  be  divided  so  that  the  Panama  Company  will  re- 
ceive one-third  and  the  Pacific  Mail  two  thirds.  The  butiiness  to 
Panama  is  to  be  divided  equally  h>-t  ween  the  two  companies.  The 
Panama  Company  is  to  Kive  the  Pacific  Mail  Company  the  use  of 
their  offices  in  Panama  rent  free,  a  laree  rental  bavidir  heretofore 
been  charged.  The  agreement  is  for  five  years,  dalius  Irom  ' 
March  1, 1875. 

Philadelphia  k  Reading.— The  Philadelphia  &  Heading  rail- 
road companr  is  oeirotiatiui;  a  loan  of  £3,000,000  (ten  millions  of 
dollars)  in  Pniladelphia  and  London,  announced  aa  for  improve- 
ment purpoaes.  The  Urge  ai-ount  of  the  loan  indicates  tliat  the 
board  purpoaes  to  carry  out  all  its  projected  improvements  in  the 
Schuylkill  Valley  and  along  ite  lines,  as  well  as  in  Piiiladelpbla 
and  Chaatar,  vigorously.  The  rapid  development  of  the  iron  and 
eoal  trade  uu-y  now  be  confidently  anticipated. — Baltimore 
.dmsrinia. 

Boekford  Bock  Island  k  St  Loals.— A  meeting  of  eapiulists 
and  railroad  men  was  held  In  Davenport,  Iowa,  Aug.  18,  to  dis- 
coas  the  expediency  ot  uking  this  road  oS  the  hands  ol  the 
boodholders,  wito  lately  purchased  it,  and  forming  a  new  organixa- 
tloo.  A  protmsition  was  adopted,  to  be  submitted  to  the  bondhold- 
ers, and  a  committee  appointed  to  prepare  nrticles  of  incorporation. 

Sadas  Bar  Coraiag  k  New  York.— Messrs.  Turner,  Kirk. 
land  k  MoClore,  aa  attorneys  lor  the  Farmers'  Loan  and  Triut 
Company,  have  filed  a  complaint  for  th"  foreclosure  of  the  mort- 
gage made  lo  that  company  by  the  Sodos  Bay  Coming  and  New 
Tork  Railroad  Company,  to  secure  a  oropised  issue  of  bonds  to 
tka  amount  of  fljWOXKK).  Of  lh>-se'  bonds  only  800  of  $1,000 
aaok  were  issued.    The  venue  is  laid  in  Steuben  county. 

Saath  Caroliaa  State  Bonds.— It  appears  that  payment  of 
lalarsat  from  Jan.  1,  1874,  on  oonds  now  funded  is  not  made,  but 
IBStaad  of  that  the  Treasurer  gives  a  fundinc;  bond,  drawing 
latarast  trooi  Jan.  1,  1874.  The  South  Carolina  Banking  and 
Trost  Company,  of  which  Hardy  Solomon  was  President,  and 
which  failed  abont  two  months  ago,  hulii  I'iOS.OOO  of  the  State's 
mooey.  As  a  consequence,  the  Slate  Treasurer  is  unable  to  carry 
oat  the  propoasd  liquidation  of  the  bonds  at  once.    , 

It  will  ba  aseesaary  for  the  Legislature,  which  meeta  on  the 
fourth  Tuesday  of  November,  lo  provide  otlji  r  funds,  and  It  is  not 

501  certain  whether  or  not  the  Interest  will  bo  paid  on  the  1st  of 
aanary  next.     The  total  amoont  of  new  consuls  that  have  been 
iMuad  by  Ike  Sute,  it  Is  said,  is  $3,100,000. 

Boathem  Paeile  ot  Callfonda.- A  mortgsge  has  been  filed 
in  ('a  ifornia.  being  the  first  mortgage  of  the  Southern  Pacific 
Railrotd,  in  favor  of  D.  O.  Mills  aod  Lioyd  I'evia  for  the  sum  of 
$44/)00,<iOO,  covering  all  its  tracks,  rolling  stoc^,  buildings,  real 
satata  aad  laud  grsou,  ihe  latter  amounting  to  11,000,000  acres  of 
the  public  domain.  KoUowIuk  is  the  riute  of  the  road  asset 
forth  in  the  mortgage  :  From  San  Francisco  in  a  southerly  and 
soutbeasterly  dirrciiou  by  way  Carnadero  Junction,  Salinas 
Valley  aad  Polonio  Pass,  to  tlis  Colorado  Klver,  at  or  near  tlie 
"  Ffsodlss ."  also  from  ('«rnadero  Junction,  lo  Saii  Btinito  ;  also 
from  Loa  Uatos  Creek,  via  Qoahan,  to  the  junction  with  the  first 
mealioosd  line  between  Poso  Creek  and  h.em  River ;  also  from 
the  iaaetioQ  near  Teliachii>a  PaM,  via  Los  Angeles,  to  the  Texas 
Paetfle  BailMad  near  Kort  Vuma;  and  also  frJm  Los  Angeles  lo 
Wilmington  oo  San  Pedro  Bay,  aggregating  1,100  miles  ot  rail- 
road and  telegraph  line. 

Texas  A  Now  Orleaas.— The  RaUroad  OautU  says:  The 
piaOMttJIllW'*  °'  I'''*  ""^  havn  urgauized  a  new  ooiupauy  under 
tko  aamo  of  the"  Texas  &  NewOrleaua  railroad  company  of  1874," 
and  are  preparing  to  rebuild  it  and  put  it  in  operation  at  once.  A 
small  force  has  been  put  at  work,  and  coutracls  for  the  whole 
work  will  be  let  as  soon  as  the  necessary  surveys  and  estimates 
can  be  made  New  equipment  has  also  been  ordered.  The  new 
company  has  issued  stock  lo  the  amount  of  $3,5(X),000  which 
represents  the  nominal  cost  of  the  property  to  its  present  owners. 
A  flfsl  mortgage  tor  $2,000,000,  of  whicli  4500,000  is  reserved  for 
the  payment  of  the  debt  dus  the  Stale  id  Texas,  and,  il  is  stated, 
$000,000  has  been  taken  by  the  stockholders.  The  road  is  to  be 
rebuilt  in  a  subslaotial  manner,  with  iron  bridges  and  other 
Improvemeots. 

The  road  runs  from  Houston,  Texaa,  east  by  north,  to  the  Sabine 
river,  110  mllea.  It  was  completed  and  in  operation  in  1800,  but 
during  the  war  It  tell  into  a  ruinous  condition  and  was  abandoned; 
but  after  tbe  war  40  miles  of  It,  from  Houston  to  Liberty,  was 
worked  so  tar  that  an  occasional  train  was  lun  over  it.  It  was 
finally  closed  under  foreclosuru  last  year,  after  a  lone  and  tedious 
litigation,  the  sale  being  made  subject  to  a  lien  of  $500,000 on  the 
70  miles  from  Libertr  to  the  Sabine,  held  by  the  Sute  of  Texas, 
for  monsy  loaaed.  h  has  a  land  grant  of  about  700,000  acres  ia 
EaaUra  Texas. 


232 


THE  CHEONICL^ 


[September  4,  1876. 


.^ i) e-Ca ni m e r c i^il .® i m e 0. 

(COMMERCIAL  EPITOME. 

fRIDAT   NlOHT,  Sept.   3,    18(5. 

The  many  failures  which  have  recently  taken  place  have  had 
an  unfavorable  influence  upon  trade,  and  impaired  in  some  de- 
cree the  prospects  for  the  Autumn  business.  There  appears  to  be 
Dearly  an  average  demand  for  poods,  but  holders  are  involved  in 
doubt  as  to  whom  they  may  sell,  even  on  the  usual  cash  terms. 
The  course  of  prices  for  the  past  week  has  consequently  been 
towards  lower  figures,  not  excepting  cotton  goods,  cott'ee,  and  gome 
other  articles  which  were  regarded  as  occupying  exceptionally 
strong  positions. 

The  following  is  a  statement  of  the  stocks  of  leading  articles 
of  domestic  and  foreign  merchaudise,  at  dates  given  : 


Beef 

Pork 

Toijacco,  foreign .... 
Tobacco,  domestic... 
Coffee,  Rio 


.tea.  and  bbls. 

bbl8. 

bules, 

hhds. 

.bigs. 


Coffeo,  other bag: 

Coffee,  Java,  &c mats. 

Cocoa ha<;8. 

Sngar hhds. 

Sugar  boxes. 

Sugar bags,  etc. 

MeTsdo hhds. 

Molasses hhds . 

Molasses bbls. 


1874. 
Sept.  I . 
a:«T 

18.401 

MM9 

65,011 

64,055 

32,704 

4,942 

11S.871 

78.716 

78,71.8 

565 

S.S.W 

2,000 


Uides No.  197,700 

Cotton bales.  56,013 

Kosin bbls.  58.834 

Spirits  turpentine bbls.  8,634 

Tar bbls.  1,715 

Rice,  E.  I bags.  19,800 

Klce,  domestic bbla.  andtcs  450 

Gunny  cloth  (Cal.) bales.  10,5.W 

Oanny  bags bules.  >   «ill00 

Linseed  bags.  5,251 

Saltpetre bags.  12,000 

Jute  bales.  2-1,800 

Jutebntts i-ales.  21,900 

Manila  hemp bales .  77,801 

"Ashes bbls.  1,273 


. 1875.- 

AugUfSt  1. 

s.cne 

44,42) 
11,807 
89,877 
46.181 

7,600 
72,054 

5,95j 

154.799 

.51,.399 

190,000 

14.5.3.3 

5,83lj 

4.000 

217.4(J0 

76.645 

6%374 

8,463 

4,9.36 

4,7.50 

2,1,50 

7.500 

i.eoo 

142.167 
16,500 
10,210 
6  7a3 

89,000 
1,600 


Sept  1. 

1,084 

37,752 

1J,2U7 

87.181 

51,.305 

it,TO 

bl,:ib3 

5,965 

13.5,;14 

3!l.615 

817.017 

17,26! 

4,a55 

1,0  !7 

272,10il 

36.497 

67.694 

3;f»8 

.3,951 

8,150 

1,450 

■  «,500 

I,(KX) 

127,683 

16,500 

12,0  0 

B,.''.0O 

79,000 

l.TJl 


Mess  pork  has  been  salable  for  spot  and  early  future  at  $20  85@ 
,^^2l,  and  has  varied  but  little   in  the  past   few  day.s.     The   state- 
ment of  stocks  at  tliis  market  is  regarded  as  favorable  to  holders, 
^ and  an  estimate  of  the  number  of  swine   in   six  Western   States 
,  gives  a  total  of  11,200,000,  against  13.100,000  last  year.     Lard  has 
..been  higher,  but   s  )ld  yesterday  at  13  7-16c.  for  September,  and 
13i@  13  9-16c.  for  October.     Bacou  has  brought  13c.  for  city  long 
.  clear.     Cut  meats  have  sold  at  extreme  prices,  but  in  a  small  way 
only ;  and  there  is  at   length   some   abatement   in   the   prices  of 
'  Bwine.     Beef  is  nearly  out   of  stock.     Tallow   has   sold   fairly  at 
rOiSO  5-16c,  for  prime.     Butter   is   depressed,  except   for   strictly 
;  prime  qualities.     Cheese,  at  some  decline,  has   been  more   active 
'"«,t   10@llc.   for   prime   to   choice    factories.     To-day,   pork   was 
^  firmer  at  $20  90@$31  lO.cash  and  October  delivery,  but  lard  was 
'  quiet  at  13ic.,  spot   and   October.     In   other   hog  products,  little 
was  done,  and  prices  were  unchanged. 

Coffee  shows  a  large  accumulation  of  stock,  and  Rio  is  lower 
at  ■19i@20ic.  for  fair  to  prime  cargoes.  Rice  m«ets  with  a  good 
trade.  The  new  crop  has  begun  to  arrive  at  Charleston,  S.  C. 
The  sales  of  t'le  week  embrace  Rangoon  for  export  at  $2  70,  gold, 
per  100  pounds,  in  bond.  Molasses  is  lower,  and  50  test  Cubi 
Muscovado  quoted  at  86c.  Sugars  have  been  quoted  firm,  but 
prices  have  generally  been  reported  with  sales  made. 

Freights  have  been  active  for  grain  shipment,  but  at  easier 
rates  lor  this  week's  steamers,  owing  to  the  veVy  large  extent  of 
room  to  be  filled.     The  very  free  receipts  of  grain  from  the  canal 

•  were  quickly  absorbed  at  6J@7d.  by  the  Liverpool  steamers,  and 

*  8@8id.  by  the  London  steamersi,  but  at  the  close  there  was  an 
advance  of  ^d.  for  the  Liverpool  steamers  of  next  week.  Vessels 
with  grain  to  <  !ork  for  orders  have  made  at  os.  9d.@()S.  There  has 
been  a  better  business  in  petroleum  charters  at  full  rates.  To- 
day, some  ten  boat  loads  of  grain  were  shipped  to  Liverpool  by 
Bteam  at  7^(a8d.,  showing  a  recovery  of  one  penny  from  the 
lowest  figures  of  the  week. 

Rosin  has  met  with  a  fair  demand  at  $1  65  for  strained  and 
f  3  5035  25  for  No.  1  and  pale  ;  and  the  demand  for  spirits  turpen- 
tine has  latterly  been  quite  brisk  at  32c.,  while  tar  has  sold  moder- 
ately at  $3  253>2  30.  Whiskey  has  been  steady  at  $1  24,  until 
to  day,  when  the  price  dropped  to  $1  23J.  Petroleum  has  been 
moderately  active  for  refined  in  barrels  at  11|@11  7-16c.  here, 
and  lli@ll  3-16c.  attheoutports,  and  the  close  is  very  firm  owing 
to  a  reduced  production.  Crude  is  also  held  higher  at  SJc.  in 
bulk.     Metals  have  been  without  transactions  of  moment. 

Kentucky  tobacco  has  been  less  active  but  steady  at  8@10ic. 
for  lugs,  and  12J@22ic.  for  leaf  ;  the  sales  for  the  week  emoraced 
500  hhds.,  of  which  350  for  export,  and  150  for  consumption. 
Seed  leaf  has  been  in  good  demand  and  about  steady  ;  the  sales 
embrace:  Crop  of  1872,  14  cases  Connecticut  at  19c.;  crop  of  1873, 
600  cases  do.  at  42J345c.,  450  cases  New  York  at  7(31 4c.,  28  cuses 
Pennsylvania  at  40c.,  100  cases  Wisconsin  at  7^0.,  183  cases  Ohio, 
on  private  terms  ;  crop  of  1872  and  1873, 220  cases  mixed  fillers  at 
6f@7c.;  and  crop  of  1874,  200  cases  Connecticut  at  6f UO-ic;  also 
200  cases  sundry  kinds  at  7@3.5c.  Spanish  tobacco  has  ruled 
lather  firmer  ;  sales  500  bales  Havana  at85c.@$l  05. 

Linseed  oil  steady,  with  afair  jobbing  demand  at  05@67c.  Crude 
fish  oils  have  been  quiet  but  firm.  Codfish  moderately  active  and 
firm  at  $5  50  for  Georges  and  $5  for  Grand  Bank.  Hides  have 
been  in  moderate  request  and  about  steady;  dry  Buenos  Ayres 
quoted  at  21(822^c.,  gold,  and  dry  Texas,  18Jc.,  currency.  East 
Xiidia  goods  have  remained  quiet,    foreign  fruits  are  dull. 


Bzporta  or  lieadluc  Articles  from  Neiv  ¥«rK> 

The  following  table,  compiled  from  Custom  House  returns, 
shows  the  exports  of  leading  articles  from  the  port  of  New 
York  since  January  1, 1375,  to  all  the  principil  foreign  countries, 
and  also  the  totals  for  the  last  week,  and  since  January  1.  The 
last  two  lines  show  total  oa^u««, including  the  value  of  all  other 
articles  besides  those  mentioned  In  the  table 


i£^2?J2:?Z^  —  2''""^^ 


B?3:f3tSS®*'^''*3»*:^  —  ^^'-r-r-o- 
"3  2  ;2  2J  *S  ^  «>  .^a  ?•  rff- °c '- ^"*^•lT  « •--"' 


r^ 


5gg55 


SS=S 


1 »?.»  *-^*.- c-^iO  31  n  «  "X.  50 '3  ■»    ' 
eO       *-•       —       <OcO       «•  ©».-.* 


t—  P?  (O  ■*  'I'  OT;  ^  ^ 


s  •  s 


Oe*  .-«  Vr-t 


•3  c  W«l 

=  £"' 


r  rro»«tD2  S  ■ 


WO* 


n 


,Ci      •  CD  O      •      '  i?l      ■«•  QD  O     •  O        m      •  CO  o  o 


s?J 


^s?S 


S5°< 


:  :s 


:S 


pl-00     .©■  * 


m 


?«   •   :•«   :^ 


-«      e«r 


^  »-  ^  ^ 


—  CO^Ww     •    •*     •WifiO     I  ifS     '     •  t- 2 '"•  t- "  ■"  "^  —  •"  tS  r  t-         ri^ 


!    5^  ■-  ®  C  M      . 


;5  :85 

•00« 


•^5 


2  =" 


:  :  :8  :?Sg  :% 

at 
V»    .    .■■£    .  Oi  -v  — .    tt- 


\2^  i-' 


of  P? 

OS      .    =*  * 


•-«        us  ^<j 


:3  .'  : 


i 


*-<    ■      eo 


GO 


:8  s 
•  «*> 


s-.ojg'S,'; 


•^       T-lOO*  sp 


Sg  :  :s  : 

S" 


1: 


to         ^ 


■  s" 


CO  to 


5=    .   .  !S*- 

2S  :  :  «=«. 


.CO  31  t-    .B5  r- 


ESS 


ffo        'com 


•W     .(?»     •t-0-":«5!t—     teft*"^^^ 
•  w     •         •  in  '^  4—  cJ  ^  CO    •  tc  *T.  ~  ■' '.  *  , 


TO  V 

^  IN 


Ti  IC  W."  lO  o 


•(.:"'?*-»•  "SS  oBo 


o 

:i22|5S  :1  :  -Ss  :s5SHS  :52?:-2g|S 
"n  gs  ^     «     s  H     — o* 


■*CO 

'    OOJ" 


moo 


J    «   «]   «;   0^    U    Q 


SS5See-aa 


2  ^ 


:  fl  a,  ff"     .    .  ..  ,j 


.-     BS 


B  S 

"•a 
>> 

■•1 

o  O 


8«ptemler  4.  1875] 


THE   CHRONICLE.  * 


233 


■aaporia  ot  Leadluc  Artlclea. 

T^e  foUotriog  table,  compiled  from  Custoia  House  returns, 
■Uo<rs  tlie  foreign  imports  ot  leading  krtieles  at  this  port  alnce 
Jul.  1. 1375,  ana  for  the  Mme  period  of  1874  : 

[Ttia  4iuatit7  It  girea  ia  picki  jo4  wtiea  nat  oiherwlae  apociSad.] 


Siaea       Same 
JaaJ.*ni  time  1874 


Cklaa.  OUaa  and 
Sarthaawara— 

Cblna 

Karlhenwara. 

aiaaa      

Ul^irare . . . 

OUaaplaltf... 

Bauooa 

OasI,  toaa. 


OMtOB,baia* 

OrMa,4le— 
Bafk.  ParaTtas. 


Oraam 


Saa,  Aialklc... 

ladUto 

■Uddar. 

OUa.  aaaaallal. 

Oil.OIIra 

Uplam 

Soda,  bt'Cart... 

Soda.  Ml 

■edaaah 

rial    .._ 

Para 

Oooay  dotk 

Hatr 

Brap.  baUa...... 

aidaa,*c- 

BrMlaa 

Bldea,! 
ladla  rabbar. 

Irorj 

f  awalry.  ♦a.- 

• awawy . ,  • , 

Walchaa... 
Uaaaad. 


IL«78 
II.4M 


tltU 

tl41» 

•.MS 

Mt 

non 
n.Mo 

tt.Ml 

Urn 


M.Vt 

LIM 

Ml 


njm 


8inc«        Same 
Jan-l.Ti.  lime  imi 


8.4K 

•,113 
41.01: 

l,0«.o--- 
•.41; 

t4.su:> 
18.1;^ 

4.711 

ȴ) 

tT,M>l 

a.»u 

TSu; 

K,l» 

l.t«^ 

«,»!'» 

«U,li« 

*4.«n| 

7.1071 

mt' 
Mil 

i,o«il 

•.oav 

r,4ti{ 

«.I4I 

«u 

««9,M.' 

•I,M>I 


Metala.  Ac— 

Catlarjr 

Hardwaie 

I    IroD,  BR.  barf . . 

LeaiLpfal* 

Spclur.Tba  .... 

Steal  

Tia,  bozea 

."iailaba.lba... 

!'.A.JU _ 

>  .;;itr,  hhda,  tea.  A 

ti&li 

-<u4ir,  bia  Abaga. 

I'obacoo 

Wuta. 

WtDaa,*e— 

Cbaapacae.  bka. 

Wlaaa 


WooLli 

I    rafaa- 

'-'ifc-ara - 

'■..rkJ 

KsDcyeaoda.. 

Pl.b 

fraUvAe.- 


Ilaa. 


Hldaa.  aalraaaad. 

Klea 


Salli 

Cork.. 
roMla. 


Mita^iay. 


tS.«ll 

7l.n8 

6K.104 
>t,V 

••a,aM 

4.*lt,l« 
M.11S 

mi.107 
tai*i4a7 


M,at 

7»,100 

i«).aea 
a^<S8 


411M.8S1 
(4.«» 

T41.I4I 

Mk,T«l 


T.TW.We 


MI.TIt 

»t,aH 


•Liai 


S.I4t 

•.074 

1M.74) 

l4^^ds 
i,»tii.a)i 

7!),6I« 

•okWd 
sn.tM 

•I4.«M 

'••■.IJ* 

ti.aw 

1,004 

man 
mm 
a,att 


ti47m 

t7.8S£ 

;(M.«7« 

141,778 

t.»».l» 

■(•,7U 
1.I04.I>« 
MI7.M* 

•M.4fi 

Tl.itO 
71  .iM 
4t4.SK 

IM,»U 

»t.7t« 
lO.tW 

ua.MS 

7t.44S 


Tha  raoaipu  o(  domaaUe  produce  ainea  January  1. 1875,  aad  lor 
th«  aama  time  la  1874.  have  b««o  aa  followr: 


8la< 
Uaa.l,*n. 


pkfi- 


fluur. 
Wheal 
Can... 
Oau  .. 

ilrtay 


Paaa 

C. 
OMtoa 


..ba«k. 


aidaa  . 


.Ha 


Cr.  larp 
ipirlut 
■Mia 

T*r... 


«v«BI,ttl 
17,MgtUi7 


ll,lttJM  mju*^ 


M.tn 


Ml 


nuu 

i.«M 

i.n4.Tit 

•.7N 

•41.111 
17,«(l 


llSTt 

•[rJl 


I.4B.1I> 

Htll.H 


«47.»« 

ro,«v 

fr.«&i 

414R-- 


Ma^ai. 
«.»:i 

11.4' 

i.4«(.r< 

•.• 

SS..V 


Ittek. 

Oilcake. 
•  >i!.  lard 
I''  loata 

Baiter 
Cbi 

i.'ai 

fse:: 

lle«r.  .. 
Urd  .. 

Urd... 

It  ce 

Htwck.... 

'<:<iariaa., 


■  »k» 


ss 


Hhia 

-.4a. 


••.«..     A .....^   , 

»JW.'m  Onaeadaasa.  .HaI 


COTTON. 

Fhioat,  p.  M.,  Sept.  3,  1875. 
By  apaeial  tale^nnu  racatrad  to-olf  lit  from  tha  Soatliara  Porta 
waara  la  pooaaaaloa  of  tba  ratami  ihoirlax  tha  raealpU,  axporu, 
Ac,  of  eottoa  for  tha  ihraa  day*  aodiag  thla  aroaiaf ,  Sapt.  8.  It 
■ppaora  thai  th«  told  raealpta  for  tha  Ihraa  day  a  hava  roacbad 
Mfti  balao,  asoloat  a,<IO  balea  bat  waak,  l.»41  telea  tha 
ytaTlooa  waak,  mod  l/'Vll  balea  tbraa  waaka  aloea,  makla(  the 
tout  iwalpia  aioc*  the  flrat  of  Sapt—har.  1875,  4;iH  Ulaa, 
agaiaat  S,6M  boles  for  the  aame  paflod  of  1874,  abowliig  a 
d«er««ia>  atoea  Saptambar  1, 1875,  of  1 JM  bmlaa.  The  delaila  of 
tha  raeeipta  aiaoe  Sept.  1  (as  per  tele^rraph)  aad  for  eorreapoiidiag 
weeks  ot  Are  pretioad  yean  are  as  fallowt: 


m. 


tm 

J 


Teialtklaweek.... 
Tataltlaaeteat.l. 


tt!4. 


(11 

m 

411 


t:tn 


4 

11 

tu 


« 
t 

^ 


ita. 


MM 

•8 


MTI. 


(34 


rut 

401 


UJtl 


t.lll 


•I* 

1,4a 

111 
ijoa 

'lit 

m 


•JH 


The  above  receipts  are  for  three  days  this  year,  against  four 
days  lost  year,  and  five  days  the  previous  year ;  the  remaining 
three  years  are  for  the  full  week. 

Th»  exports  lor  the  week  ending  this  evenine  reach  a  total 
of  5,890  bales,  of  which  3,973  were  to  Great  Britain,  none  to 
Prance,  and  1,917  to  tlie  rest  of  the  Continent,  while  the  stocks, 
as  made  Dp  this  evening,  are  now  69.430  bales.  Below  are  the 
stocks  and  exports  for  tlie  week  and  also  for  the  correapoading 
week  of  last  season. 


Kxporied  to— 

Total 

till. 

week. 

>,613 

Same 
ween 
1814. 

41$ 

SCOl 

k. 

ITaeliendine 
Sept.  3. 

a.  Brit. 

frauce 

CooUn'i 
1^8 

1875. 
«,6;3 

1874. 

Htw  Orleani 

i» 

16,5*J 

Mobile 

•  >. 

1,1*3 

«,7;2 

Cbarleatoa... 

.... 

.... 

.... 

141 

9,UJ 

4,26) 

laTannah»... 

.  .•. 

.... 

.... 

1,337 

i.'m 

QalTeaton.... 

.... 

„ 

i.i>m 

MIO 

3ev  Tork... 

1J» 

4M 

i,jn 

^^si 

>t.S26 

Sl.«tl! 

Other  poru  . 

1,117 

5,S9U 

is,ixn 

at,oni 

Total  ... 

«j;3 

(i9,430 

109,(27 

Since  Sept.  1 

1,«78 

ij»n 

5.8W 

S,«l«0 

ll^rOar  telegram  from  New  Orleans  to-night  shows  that 
baaidea  the  above  exports  the  amount  of  cotton  on  shipboard,  and 
eogaged  for  ahipmeat  at  that  port,  is  as  tallows:  For  Liverpool, 
1,500  balea;  for  Havre,  none  ;  for  Continent,  none  ;  for 
coastwise  ports,  none;  total,  1,500  bales;  which,  if  deducted 
from  the  stock,  would  leave  8,000  bales  representini;  the 
qaantity  at  the  landiug  and  in  presses  unsold  or  awaiting  orders.] 

From  the  foregoli.g  siaiemeiit,  it  will  be  seen  tUai.  compared 
with  the  corresponding  week  of  last  season,  there  ia  an  inereate 
io  the  export*  this  week  of  230  balea,  wUile  the  stocks  to- 
olgbtare  89^(97  bslet  leu  than  they  were  at  this  time  a  year 

»XO. 

The  market  for  cotton  on  the  spot  has  developed  weakness 
siocc  our  last.  On  Monday  quotations  were  reduced  |c.,  and  on 
Wednesday  were  subjected  to  a  close  revision  on  the  basis  of 
the  new  (American)  classification.  Ordinary  uplands  were 
advanced  \fi.:  Kood  ordinary  of  all  growths  were  reduced  |c.,  and 
all  grades  of  Texas  were  reduced  ^c.  Liverpool  quotations  were 
ia  tbu  meaotiiile  reduced  lIGd.,  and  an  advance  in  gold  was 
e^anterbalanced  by  a  decline  In  exchange,  which  yesterday 
amoantcd  to  nearly  one  half  of  one  per  cent,  and  caused  any 
improTvment  from  the  advance  in  gold  to  be  lost.  Another 
waakening  influence  upon  apct  cottons  has  been  the  increased 
reeeip'ta  at  the  port',  which  have  exceeded  all  estimates.  The 
apioniog  demand  has  been  very  good,  hut  the  reduction  in  stocks 
has  beaa  leaa  raoid  than  laat  weok.  To  day,  the  demand  was 
for  home  consumption,  and  for  the  better  grades,  which  ruled 
ateady,  as  were  siainvd  cottons,  while  the  poorer  qualities  were 
oagUiMed  and  laaier.  For  futnre  delivery  there  has  been  a 
sfiiady  decline,  and  at  the  close  of  WeduMday's  business  the 
redoetloo  from  the  previous  Friday  was  J^lGc,  from  which 
there  was  yesterday  a  slight  recovery  at  the  opening,  on  steadier 
ac«oaota  from  Liverpool,  but  the  close  waa  weak  under 
free  reeeipta  at  the  interior  towna.  Confidence  In  the  future 
of  the  market  has  been  greatly  impaired,  and  leading 
opcrmiors  were  looking  for  still  lower  prices.  Crop  accounts 
bsra  greatly  improved;  the  weather  ha*  l>een  faeorable  to  Its 
rapM  motarioe,  being  warmer,  with  very  little  rain.  The  reports 
fnm  eeveral  Southern  cotton  exchanges  for  August  have  been 
made  public,  and  are  rather  unfavorable;  but  as  the  information 
on  which  th'y  are  based  is  not  of  recent  date,  they  have  had  little 
eilecl.  Today,  there  was  an  even  decline  of  fully  ic.,  and  the 
omrket  somewhat  demoralised  nnder  a  further  decline  at  Liver- 
pool aad  the  prevalence  of  hot,  clear,  forcing  weather  at  the 
South.  After  't'bange,  there  were  sales  ai  13tc.  for  September, 
13  3  lOc.  for  N'ovi-mtMT  and  Decemlier,  18  SlOe.  for  January,  13^c. 
for  Febroarr,  13  1 1-IOc.  for  March,  and  18  27-8-20.  for  April.  The 
total   aaUa  for  forward  delivery  for  the  week  are  113,000  liales, 

iocloding  free  on  board.    For  immediate  delivery  the  total 

■alea    foot    up    this   week    0,057    bales,    Including   209   for    ex- 
port,  8,70-1   for   consumption,    5<'>    for    speculation   and   in 

transit.    Of  the  above, balea  were  to  arrive.    The  fallowing 

are  the  eloalng  qaotations  : 


Maw  CiMrtiranoB.  f  Dplaada. 


•  UMMdlaarr 

OeadOraiaarr    

Slflat  flood  Ordlaarr.. 

mniiillMi  

ilat.. 


.peta, 


JMaa 

Swiat  Oood  Mlddllas.. 
MlddllM  'air 


Alabama. 


New 
Orlaaas. 


Tezaa 


Batow  we  rive  the  sales  ol  spot  and  transit  cotton  and  price  of 
Upl»nd$  at  tbis  market  each  day  of  the  paot  waak  : 


•ALaa.                          [ 

raiua.. 

5ew 
ClaMlScatlOB. 

Sipt. 

Cob- 
•amp. 

!K 

Traa- 
•It. 

Total. 

Ord'ry 

ttood 
OrdTr. 

Low 

Midrr 

Mid 
dllng 

laiBrdaj 

Hoadar: 

Meadav 

Vsdaaada) 

a-d^'r..-.::::: 

'm 

lis 

1,141 
1,(11 

i:7«! 

1,40* 

1 

1,479 

UK 
an 

i:S 
UK 

I» 

UM 

I4X 
UK 

UK 

I'j; 

14  » 

Toul 

m 

*,m 

.... 

.... 

.... 

.... 

For  forward  delivery  the  aalee  (loolndlng  free  on  board) 

bare  reached  during  the  week  113.000  bales  (all  middling  or  on 
the  basis  of  middling),  and  the  following  Is  a  sUtement  of  the 
soles  sad  prices : 


234 


THE   CHRONICLE 


[Sept  mber  4«  l6'i5. 


For  Angati. 
iMilei.  cu. 

M) II  S-16 

100 UX 

an 14  5-is 

3,900 1<K 

mi u  is^j 

an t«i-i6 

100 W  IMS 

100 14  It-K 

4,000  toMl  Adk. 

/or  Septerpber. 

W IS  l»*i 

l.WW 13X 

1,000 IS  2l-Si 

1,800 lS'»Si 

a,»oo lax 

S,SaO 13  2^3! 

80O 1313-16 

100: 13  27-83 

TOO 18  1S-1« 

1,4«0 18  31-38 

400 14 

100 14  1-32 

100 s.n  14X 

14,W0  total  S«pt. 

For  October. 

too. 13  9-32 

IJOO 13  5-l« 

^ IS  11-33 

1,800 IS  13-32 

ifiOO 13  M6 

1,400....      .13  13-32 

3,900 ISs 

WO 13  i:-S 

too 13  19-32 

too U% 

1,400 13  21-32 


bUM. 
100.. 


ctl. 
.13  23-32 


12,800  total  Uct. 

For  November. 

1,200 13  7-82 

100 ISSi 

40(1 18  11-32 

1*10 \m 

1.S00 13  13-32 

200 13  7-i« 

1,800  13  15-32 

LCOO 13X 

600 13  17-32 

1,300 IS  m 

2.200 18  1»-:B 

luo :sx 

800 :a  is-i6 

iOO  13  15-16, 

11,800  toui  Not. 

For  December. 

400 13  3-16 

S.TUO 13  7-32 

600 13J< 

1.300 laH 

1,900 13  ISSi 

800 IS  7-16 

1.700 18  15-32 

1,900 ISH 

300 18  n-A-i 

!,8il0. 13  9-16 

1,200 13  10-32 

2,500 :s% 

100 13  21-32 

17,200  total  Dec. 
For  January. 

200 13  ">-» 

800 13  5-16 

900 13  11-32 


balea.  cu. 

100 18K 

800 11  7-16 

:jOU 18  15-SJ 

4.100 ISH 

4,100 13  17-82 

800 13  9-16 

1,!»U 18X 

2.800 13  21-82 

4,700 18  -28-32 

_a» nv 

21,300  touij  an. 

For  February. 

200 13X 

600 13  17-32 

200 13  9-16 

100 15  19-82 

TOO .rtx 

4,700 IS  31-32 

1,2» 18  11-16 

800 18  23-82 

600 18V 

WW 13  27S 

500  U% 

1,500 ISIVIS 

300 13  31-32 

11.900  total  Feb. 

For  Marcb. 

100 13  11-16 

200 18  28-32 

500 18X 

300 13  13-16 

5.800 13  27-32 

l.COO 13X 

500 13  29-32 

8,000 13  15  16 

200 14  1-32 

600 14  l-l-i 

300 14  S-3J 


bale*. 
800. 
300.. 


cia 


18,600  to. al  Marcb. 

tor4.pill. 

800 13  27-8i 

700 13« 

200  18  29-82 

200 14 

900  14  1-82 

700 14  1-16 

IOO 14  3-82 

200 U  .1-32 

200 14X 

s'isOO  toUl  April. 

For  May 

100 14  1-16 

600 14  S.32 

210 14  7-82 

400 UK 

100 14  9-32 

300 .14H 

1,600  total  May. 


For  June. 


100., 
800. 
IW.. 
100.. 


14W 

. 14  7-16 


14S 

.14  r.-i6 


600  total  .lune. 

For  July. 

lai 14  9-16 

COO 14  21-3i 

IOO 14  13-li 

600  total  July. 


Ttie  foUowiatr  will  sliovr  apot  quotations  and  the  closing  prices 
bid  for  futures  at  tlie  several  dates  named  : 

LOW  MIDDLIKG    UPLANDS— OLD  OLASSIFIGATIOV. 


Frl. 

Ooapot \i% 

Aogiut UH 


Sat. 
14  11-32 


Mod. 

14)4 
14X 


Tuea. 


HIDDLl.VO  UP[.\SD8— NBW  OLASIIFEOATlOir. 


On  spot 14V  14V 

September 13  31-32  In  31-m 

October     13  21-21  13  21-32 

November..  ..  13  19-32  :3  19-32 

December 13K  18  19-32 

January 13  2>-12  13  11-lu 

February IS  15-16  13  2i»-3i 

March 14X  14  3-32 

ADrll 14  5-16  11  V16 

May 14  17-32  UK 

June 14  23-82  11  K-16 

Bales  spot 1,192  749 

Bales  future...  19.100  12,800 

Gold 114)i  nsu 

Kxclianxe i.iiii  «.84<< 


13  29-32 
13  »-.6 
13  17-32 
13  17-32 
i3% 

13  1^16 
14 

11  3-16 

14  13-32 
ii% 
1.675 
18,500 
lUH 
4.34 


14X 
13X 
13H 

13  15-82 
13  15-82 
13  17-32 

13  II  16 

14  29-32 

14  &-16 

l.W 
20,700 
U4>« 
4-32X 


14X 
13K 

13  15-32 
ISX 
I3?i; 
•.3H 

1.1  2l-3i 

14  27-32 
14  1-16 
14  9-32 
14  7-16 
1.4i2 
25,600 
U4X 
4.82H 


14X 
13  '23-32 

ISX 
13  9-32 
13  9-3! 
13  13-12 

13  H-32 
IS  25-32 
14 

14  3-16 
l*X    ' 
1,731 
13.600 
U4X 
4.82S4 


ISX 
13  9-32 
13  3-16 
13  3-16 

13  11-32 
18  H 

18  11-16 
13« 

14  1-16 
14kf 
1.609 
22,800 

v.tyi 

4.t2>< 


Weather  Reports  by  Telegraph. — Our  reports  to-night 
indicate  considerable  improvement  iu  tlie  weather  the  past  week 
.throughout  the  cotton  section.  At  most  points  it  has  been  much 
'Warmer,  with  but  little  or  no  rain.  Many  of  our  correspondents- 
ihowever,  still  report  unfavorably,  on  account  of  injury  from  rust 
and  shedding,  and  a  few  speak  of  damage  from  worms,  while 
lUbers  state  tliat  the  crop  is  quite  backward.  But  with  a  continu- 
ance of  warm,  dry  weather,  these  unsatisfactory  features  are  likely 
soon  to  disappear,  as  they  have  already  in  not  ajfew  sections.  A 
long  and  satisfactory  picking  season  would  be  peculiarly  advan. 
tageous  this  year. 

Oalveston,  Texas. — We  have  bad  copious  showers  on  two  days 
of  the  past  week,  the  rainfall  being  fifty-eight  hundredths  of  an 
inch.  The  rainfall  for  the  month  has  been  six  inches  and  fifteen 
hundredths.  The  crop  continues  to  develop  promisingly  and  the 
movement  will  be  early.  The  thermometer  has  averaged  84,  the 
highest  being  94  and  the  lowest  77. 

Indifinola,  Texas. — It  has  rained  here  on  two  days  of  this  week, 
the  rainfall  reaching  sixty-five  hundredths  of  an  inch.  The  rain- 
fall for  the  month  has  been  two  inches  and  three  hundredths. 
Cotton  is  developing  satisfactorily.  The  thermometer  has  averaged 
83,  the  highest  being  93  and  the  lowest  78. 

Corsicana,  Texas. — There  was  a  light  shower  on  one  day  of  thin 
week,  the  rainfall  being  six  hundredths  of  an  inch.  For  the 
month  the  rainfall  has  reached  in  the  aggregate  one  inch  and 
fifty-seven  hundredths.  Picking  is  progressing  finely.  Thether 
niometer  lias  averaged  79,  the  liigbesl  being  90  and  the  lowest  79. 

New  Orleans,  Louisiana.  —  We  had  warm,  sultry,  wet  weather 
the  past  week,  rain  falling  on  four  days  to  the  extent  of  one  and 
forty-seven  hundredths  inches,  the  thermometer  averaging  83. 
Rainfall  for  the  month  fourteen  inches  and  forty-seven 
hundredths. 

Shreneport,  Louisiana. — The  weather  the  past  week  has  been 
pleasant  and  cool,  with  showers  nearly  every  day,  the  rainfall 
aggregating  eight  hundredths  of  an  inch.  The  thermometer  hai> 
averaged  82,  the  highest  being  93  and  the  lowest  71. 

Columbus,  Mississippi. — The  days  have  been  warm  and  the 
nights  cold,  with  light  showers  the  latter  cart  of  the  week.  Rust 
is  developing  badly,  and  the  worm  is  still  doing  some  damage. 
Picking  is  progressing  finely.  Average  thermometer  83,  highest 
94  and  lowest  73. 

Vieksburg,  Missisxippi. — It  was  showery  here  three  days  the 
past  week,  the  rainfall  aggregating  thirty  hundredths  of  an  inch. 
.Picking,  which  wag  partial  last  week,  was  general  on  the  3Uth  of 
August.  The  thermometer  hag  averaged  80,  the  highest  being 
82  and  the  lowest  78. 

Little  Rock,  Arkanxas. — Telegram  not  received, 
Naslmlle,  Tennessee. — It  rained  slightly  on  one  day  of  the  past 
week  to  the  extent  of  eight  bundredtha  of  an  inch.    The  ther- 


mometer has  averaged  77,  the  highest  point  reached  being  48  and 
the  lowest  66.  Two  bales  of  new  cotton  were  received  here 
to-day,  one  by  Spurlock,  Hoke  &  Co  .  which  was  sold  at  42  cents, 
and  the  other  by  Mc.Mister  &  Wheless,  which  was  bought  by 
Harris  &  Co.,  for  50  cents,  and  shipped  to  Williams,  Black  &  Co., 
of  Nsw  York. 

Memphis.  Tennessee. — There  was   rain   on   one  day  the    past 
week,  the    rainfall    reaching  elevitn    hundredths  of  an  inch;  the 
remainder  of  the  week  was  pleasant.      Hot  and  shedding  are  said 
to  he  materially  checked, and  the  crop  is  developing  promisingly.. 
Average  thermometer  79,  highest  88  and  lowest  09. 

MobiU,  Alabama. — It  was  showery  on  three  days  the  past 
week,  and  cloudy  one  day,  the  re.ft  being  pleasant  Tbe  crop  is 
suffering  from  rust  and  sbedding,  and  much  dninasc  is  feured 
from  boll  worms.  The  thermometer  has  avera>;ed  79,  the  highest 
being  89  and  the  low.8t  71.  Total  rainfall  fnr  tbe  week  forty- 
four  hundredths  oi  an  inch;  fur  the  month  seven  inches  and 
seven  liundredthe. 

Montgomery,  Alabama. — On  all  except  three  days '  the  pa-t 
week  the  weather  has  been  warm  and  dry.  The  rainfall  rpached 
during  the  week  thirty  hundredths  of  an  inch,  and  during  the 
month  two  inches  and  fourteen  hundredths.  Rust  is  developing 
badly  in  a  few  localities.  Picking  is  making  good  (irogress,  and 
the  crop  is  being  marketed  freely.  Average  thermometer  79, 
highest  91  and  lowest  H6. 

Selma,  Alabama. — We  had  one  light  rain  here  the  past  week, 
the  rainfall  reaching  five  handredlhs  of  an  inch.  The  thermome- 
ter has  averaged  79. 

Madison,  Florida. — There  was  one  rainy  day  here  tbe  past  week, 
the  rainfall  reaching  fifteen  hundredths  of  an  inch.  Cotton  is 
opening  rapidly,  being  nearly  two-thirds  open.  Average  ther 
mometer  81,  highest  88  and  lowest  74. 

Macon,  Georgia. — The  week  has  passed  without  rain  in  this 
section.  The  tbermometer  has  averaged  77,  the  highest  being  88 
and  the  lowest  86. 

Atlanta,  Otorgia. — The  weather  here  has  been  warm  and  dry 
all  the  week.  Crop  accounts  are  more  favorable.  Average  ther- 
mometer for  the  week  81,  bighes'.  88  and  lowest  70.  Rainfall  for 
the  month  three  and  forty -one  hundredths  inclies. 

GolumbiLS,  Georgia. — We  have  had  no  rain  liere  the  past  week. 
The  thermometer  has  averaged  81,  tbe  highest  being  90  and  tbe 
lowest  88. 

Savannah,  Georgia. — Rain  fell  on  two  days  the  past  week,  the 
rainfall  reaching  fifty -three  hundreiiths  of  an  inch.  The  rest  of 
the  week  was  plf  ^ant,  the  thermometer  averaging  77,  ranging 
between  90  and  65.  Total  rainfall  for  tbe  month  six  inches  and 
fourteen  hundredths. 

Augusta,  Georgia. — The  weather  the  past  week  has  been  warm 
and  dry,  the  thermometer  aver,i<;ing  78  Average  accounts  are 
more  favorable,  and  in  tnis  section  the  yield  promises  to  be  fully 
as  large  as  last  year  ;  picking  his  commenced  and  a  number  of 
bales  of  tbe  new  crop  have  been  received  and  sold.  Rainfall  for 
the  month  five  inches  and  fourtnen  hundredths. 

Charleston,  South  Gnrolina. — Telegram  not  received. 

The  following  statement  we  have  als;)  received  by  telegraph 
showing  the  height  of  the  rivers  at  the  poims  named  at  3  o'clock 
this  afternoon  (Friday,  Sept.  3).  VVe  give  last  year's  figures 
(Friday,  Sept.  4,  1874)  for  comparison  : 

-Sept.  3, '75.-,  —Sept  4,'M.-. 

Feet.  Inch.  Feet.       Inch. 

New  Orleans.. Below  high  water  mark 5  0  13            7 

Memphis Above  low-water  mark 12  0  4           31 

Nashville Above  low-water  mark 3  7  11             3 

Shreveport  ...Above  low-water  mark 16  4  14 

Vicksburs Above  low-water  mark 39  2  6            .■) 

New  Orleans  reported  below  high-water  mark  of  1871  until 
Sept.  9,  1874,  when  tlie  zero  of  gauge  w«s  changed  to  high-water 
mark  of  April  15  and  16,  1874,  which  is  6-lOthB  of  a  foot  above 
1871,  or  18  feet  above  low-water  mark  at  that  point. 

Crop  Reports  of  the  Cotton  Exchanges  for  August. — 
We  gave  last  week,  by  telegraph,  the  Mobile  and  Memphis  crop 
reports,  and  by  mail  the  Norfolk  report,  for  August,  and  now  give 
others  which  have  reached  us  this  week. 
({aestious. 

FIrat  ClneBtlon.— What  has  heeu  the  character  of  tbe  weather  since 

July  15th  » 

Mecond  <lae>itiou.— Is  the  cotton  frnlting  well,  retaining  Its  aqaarea 
and  bolls  1 

Ttalr4l  <tuci»tlon.— Whal  Is  now  the   condition  of  the  Crop  In  yonr 

eeciion,  and  liow  does  it  compare  with  last  ye  r  f 

Fourth  QueBtlon.— lias  picking  tommenced  in  your  section  f  If  not, 
when  will  it  become  general  ? 

Firtli  (tneatlon.-  IStutc  any  favorable  or  unfavorable  circumstances 

not  covered  by  foregoing  questions. 

Savannah  Department. 

This  report  covers  Norlheni,  Mldiile,  and  Southwestern  Georgia  (being  all  of 
Gleorgla,  except  the  28  counties  in  c.arge  of  the  Augusta  Cotton  Bxcnange) 
and  tte  entire  State  of  Flonda.  The  report  is  prt-pared  and  issued  by  the 
Savannah  Cotton  Exchange  through  their  Committee  on  Information  and  Sta- 
tistics, composed  of  .T.  H.  Johnston,  chairman,  T.  H.  Austin,  E.  I.  Moses, 
R.  W.  Simpson,  A.  Moffat. 

Georgia. — Condensed  from  123  replies  from  43  counties.  Aver- 
age date  of  replies,  August  18. 

Answer  to  FmsT  Question.— Dry  and  hot  to  about  1st  Atigust ;  showery 
and  rainy  since.    Complaints  of  too  much  in  some  localities. 

Answer  to  Second  Question.— Thirty-eight  report  fruiting  well ;  86  report 
not  well,  with  general  i-omplaint  of  shedding. 

Answer  to  Third  Question.— Seventy-eight  report  not  as  good  as  last 
year,  some  very  mucli  wor-e  ;  45  report  as  good  and  better. 

Answer  to  Fourth  Question.— Has  commenced  iu  Southwestern  Georgia ; 
will  be  general  throughout  the  State  by  10th  Septe.niber. 

Answer  to  Fiptu  Question.— The  generally  unfavorable  tenor  of  this 
month's  report  Is  somewhat  counteracted  by  the  expression  of  hope  from  our 
correspondents,  that  the  new  growth  caused  by  recent  rains  may  realize  a  good 
top  crop. 


Septambar  4,  1875.) 


THE   CHRONICLEI 


235 


Florida. — Condeoaed  from  33  replies  from  37  counties.  Avei- 
tge  date  of  rrpUes,  Anxoat  19. 

A  vsiras  TO  Fiaar  Qcaanoa.— Dr;  and  hot  to  aboat  Sth  Anput,  ilnee  rtlny 
utitMWWj.    V»f  y  wet  iOB*  loeaUtlM. 

AmvmB  TO  Saoons  ttaumon.—Tmeatj-nia*,  no.  It  ii  •bMdlng  more  or 
itm;  4fr«ia«f  woU.  ..      ,    .         v 

Amwrna  to  Tamo  Qmanoa.— Twentj^eeven  net  •■  good  si  lait  rear  bj  oDe- 
tkM ;  4  aot  so  tsTonbt* ;  *  is  good  or  better. 

Aaswaa  to  rooara  Qirirnoii.— Four  now  gsasnl ;  t>  wlU  be  general  by 
1B(  Biuwailwi 

Aaswaa  to  Tivtb  Quaatwa.— Oeneially  nnfarasble,  and  reports  of  citer- 
pUhr  sppasr  to  leopadlas  Iks  ytaid  of  the  top  crop,  of  which  the  resent  ralni 
(bts  givea  pnialss. 

Ab^iuU  Departmeat. 

TUs  report  eorer*  the  cooaties  o<  Seorvia  not  todnded  in  the  AosowmA  S*- 
fort, sadutssaed  by  lbs  Aagssta Oottoa  Exchange  throogh  their Ooaunlttee 
OB  lBl>«issl1oB  sad  Slsllstie^  eomposed  of  L.  L.  ZaUnky,  CtastrsMB,  J.  J. 
Pesroe,  X.  D.  KsUsy,  B.  W.  Hesid,  L.  C.  Mowell,  A.  M.  Benion,  Wm.  M .  Read. 

Q««r^a. — The  raoort  la  baaed  oa  67  replies  from  38  eoantiee. 
AToiage  date  of  tepUea,  Aogost  10. 

Aaswaa  to  riaar  QcasnoK.— Oeaetally  dry  sad  hot  to  Angait ;  ataoe  then 
a  Tery  geaaral  conplslat  of  too  aiaeh  rain. 

Aaswaa  to  SaosMD  Quaaiaia.— Thirty-one  reply  frnltlng  well ;  W  not  well ; 
aearly  aU  caanMa  of  abeddlag.  soae  lay  rery  badly. 

Aaswaa  to  TaniD  Qoasnoa.— Tweire  report  better  than  laat  year ;  M 
eqaal  to  kst  year ;  U  aot  as  good  ss  laat  year ;  a  fsw  asy  aot  half  aa  good. 

Aaswsa  TO  rocsTS  Qnaamni.— Ha*  not   m— iiariili   except  u  a  few 


Aaswsa  TO  rocsTS  QoasTum.— Ha*  not 

hKaHUea;  will  baeoaa jteaatal  ti«a  lOth  to  Uthsfa 


Aaswaa  io  TtFra 


■  OcawWsrabla  • 


Bachials  slBea  Aagasi  lat :  early  cotton  ihed^Uac  its  ftalt  badly 
t  and  bolls. 


It  of  rast,  snd   too 
ly;  late  cotton 


Ikdia  OOTTOir. — We  gare,  bj  cable  from  Bombay,  laat  week, 
the  tact  that  their  cottoo  crop  at  aome  points  was  saffering  from 
and  beinf;  injared  bj  drought.  To  understand  the  force  of  this 
inrormation  we  shoald  remember  that,  aMordiair  to  the  lateal 
mail  dates,  the  mooaoon  was  ia  aome  dialrlau  late  io  settiaf(  io, 
and  tb<>  rainfall  op  to  that  time  bad  b<^a  scanty.  Ifeaara.  Fiolay, 
Mair  k  Co.,  under  date  of  July  15,  ray  tliat  such  was  the  eaae  In 
ihv  northern  portion  of  Ouxerat,  and  that  rain  waa  mneh  wanted. 
Meaars.  Nicol  k  Co.,  on  the  same  day,  write:  "  From  somedlatricta 

'  there  are  eomplaioUof  rain  being  wanted,  bat  no  harm  has  been 
"  done."  to  fact,  all  the  Bombay  arcoanta appear  to  agree  that  ap 
to  that  date  the  progteaa  had  been  f^nerally  favorable.  althoacD 
"  the  rainlall  was  partial."  Maaara.  KleBlaK  4  Co.,ol  Kanaehee. 
bowerer,  gire  a  leas  ptomWac  aceotiat  of  taal  saslioa.  Oa  Jaly 
Ath  they  wrote  that  "  aowiag  operations  bsTe  basa  eoasMerably 
"  retarded  in  this  prorince  owlnfr  to  the  BItst  Indas  being  naoa- 
"  oalty  low.  and  aa  the  snpply  of  water  ia  the  eaoals  la  coaatder- 
"  ably  defident.  It  la  reported  that  a  laaah  smaller  ana  of  laad 
"  ihaa  oanal  will  be  eumrated  this  iinaaoa.  The  next  ooMoa  erap. 
"  therefore,  may  probably  ba  a  amall  as  wall  aa  a  lata  oaa."  Bat 
OB  the  SOth  they  write  aiora  hopefully,  saying,  "  Daring  the  last 
"  day  or  two  there  baa  baaa  a  ssaaooabie  mil  of  rain  la  tha  grow- 

'  lag  districts,  and  the  prospaela  of  the  coating  crop  ara  aow  eo*- 

'  slaared  more  taTorable." 
Prom  these  sceounis  weseethat  staboatllM  middle  of  Jaly  tbare 

was  a  want  ot  rain  lelt,  bat  do  harm  actaallr  doaa.  Tet  fi«a  oar 
cable  of  laat  week  It  aroald  appear  that  la*  dfoogbt  had  baaa 
proloagad,  aad  that  tk«  proapaet  was  laoaCivofabU.  Oar  Boeabay 
cable  to  day  says  aothla*  oa  the  subjsel,  ao  we  aappooa  rala  has 
{alloasgain:  aad  thia  Maa  woald  apprar  to  find  aoatiiaalhwi  la 
the  Aaaodatad  Preat  daspatab,  that  In  Broach  they  woald  hara  to 
rrplaot  on  aceoant  of  tha  axeaaalTe  raiaa. 

8iin,  from  ihia  lima  forward,  the  prograsa  of  the  India  crop 
b«oomea  of  mach  lataraal  to  aa.  Bat,  la  tHoaaaliag  the  proapect 
there,  we  aboaM  raMaatbat  that  the  laat  two  years  bavo  baaa 
aaoaaally  favofaMo,  aad  a  like  retara  caa  aearaaly  ba  aiaaetad 
oalasa  the  sarroaadiags  tbroogh  tha  yaar  aoatlaaa  eqaally  aat- 
lafaetory. 


BOMB4T  SatPMairra. — AaaordtagiooataabU  dIafaMktoaalTad 
to-day,  there  haTe  baoa  ao  balsa  ablapad  fraat  Boabay  Is 
Qreat  Britalo  '.he  past  week  and  1 .000  balaa  to  the  Continent, 
while  the  receipta  at  Bombay  during  tba  aame  time  bare  been 
4J0OO  bales.  The  moTementaiacetha  lat  of  January  Is  aa  follows. 
Tkoae  are  the  figorvs  of  W.  Nieol  A  Co.,  of  Bombay,  and  are 
brooghi  dowa  to  Tharaday.Sept.  3 : 

Utoee 
Jaa.L 


WM. 

itn. 


Oreat 
Brllala. 


thto 
Oea- 

ttaast.   TMaL 
Ijm       UOR 


Oreac 

Britain. 
1VO,0DO 
TTT.flOO 
(KODO 


itsslaas  Jsa.  !-<. .      laesti 


Uaeal.   Total. 
4njM  l.lt7.om 


TUs 

weef 

4,«       

1,0«  I.MMM 

tr- 


KSM     tKODO    1! 

From  tne  fnrrgolag  It  woald  appear  that  oompared  with  last 
year  there  is  a  dtertatt  of  9,000  bales  tbia  year  In  the  week's 
shipments  from  Bombay  to  Barope,  aad  that  ibo  total  moTetaaat 
siaee  January  1  shows  an  tasfsax  la  ahlpmaata  of  89,000  b^es 
aoaipared  with  the  eorraapoadiag  period  al  1874. 

OintitT  BAOa.  BAoaoio,  Ac.— Bagging  baa  baaa  la  modarsta 
demand  darlag  the  past  weec  and  al  tba  oloaa  eoatlaaaa  light, 
thoogh  eoniriderable  Inquiry  la  to  be  notad.  Sales  are  reportod  of 
aboat  IjOOO  rolls  here  and  in  Boeton  at  lS|(91S|e.,  the  market 
elnalag  steady  at  tboaa  flgarea.  Balea  aoattaaa  qaiat  and  prieea 
are  qantad  SMlOei  saab  for  ladla  and  IMa  tor  Boraao.  Baga  are 
aalat  aad  ptieas  ara  mimlnal  at  13^  Batts  bava  been  la  lair 
Jswsad  aad  aalea  have  been  made  of  1,900  balea  per  Valiant  at 
tie,  gold,  bond,  400  per  Tbos.  L.or>l  at  9|e.  carroney,  time,  and 
prices  are  steady  at  iKe  cloee  at  ^f§3e. 

—When  uking  into (oaaidaration  tha  valaable  fand  of  Informa- 
tion eonuined  In  the  New  Orlaaas  Priei  Ourrtnt.  It  will  be  readily 
nnderatood  why  It  Is  so  gsasially  called  for.  0>nflnlng  Itself 
strictly  to  oommerdal  aad  agricultural  matters,  lia  whole  time 
and  sttaatlon  la  directed  to  tha  adTaooaotaat  of  thoae  iatareats,  aad 
aaltbar  labor  aor  espsaaa  la  spared  la  makiag  it  a  Taloable 


commercial  paper.  As  a  medium  for  advertising,  it  presents  itself 
forcibly  to  the  public  for  their  pstrona(;e  ;  circulating  as  it  does 
throughoat  the  Soath  and  very  largoly  in  the  Southwest. 

VistBLB  SnppLT  OF  Cotton  as  Madk  op  by  Cable  andTelk- 
SRAPa. — Below  we  givti  our  table  of  visible  supply,  as  made  up 
by  cable  and  telegraph  to-uight.  The  continental  stocks  are  the 
Sgures  of  last  Saturday,  but  the  totals  for  Great  Britain  and  the 
afloat  for  the  Continent  are  this  week's  returns,  and  consequently 
broapht  down  to  Thursday  evening ;  hence  to  make  the  totals  the 
complete  figures  for  to-night  (Sept.  3).  we  add  the  item  of 
exports  from  the  United  States,  including  in  it  tha  exports  of 
Friday  only. 

1875.  1874.  1878. 

Stock  at  Liverpoot S».000  890,000  775.000 

Stock  at  London 70,U0  101,500  309,790 


Total  Great  Britain  stock  698,250 

BtockatHavre 191,250 

Stock  £t  Marseilles 6,SU0 

Stock  at  Barcelona 74,500 

Stock  at  Hamborg 11,850 

Stock  at  Bremen 86,000 

Stock  at  Amsterdam 40,750 

Stock  at  Rotterdam 9,750 

Stock  at  Antwerp....  4,000 

Stock  at  other  continental  porta U,000 

Total  oontlnentU  poru 888,000 


Total  Bnropean  itoefca l,ttS,iM 


997.500 

i«i,oao 

15,000 
60,iS0 
27,000 
45,750 
M,500 
»4,000 
11,000 
8&,000 

470,500 

1,488.000 


984,750 
13t,IM 
13,000 
41,000. 
8t,O0O 
47,000 
101.000 
«9.SS0 
ST.TSO 
71,000 

498, 150 

1.48S.0CO 
844,000 

s<,5oa 

80,000 
78,017 
10,008 


India  eotloa  aloat  for  Earope 400,000 

Amarloaa  cotton  afloat  for  Barope   88,000 

S«ypt,  Brasil,  Ac,  afloat  for  Europe Si.OUO 

Stock  In  United  States  poru ta,4«) 

Slock  In  United  Sutee  Interior  porU  ...  8,070 

United  States  exporu  to  day 1,000 

Total  Tiilble  snpply bales.  1,8»«,750          t,0»,834          8.01S.S80 

or  the  above,  the  totals  or  American  and  other  dencriptloni  are  ai  rol 
lows: 

LiTsrpaol  stock 


Aasrkaa afloat  to  Barope.... 

Uaitsdaialas  stock 

Called  States  Interior  stocks. 
United  •tales  expof  U  to-day  . 


418,000 
191,000 
88,000 

ia,4M 

8,070 
1.000 


Total  American  balas.  711,500 

UTsrpool  stsck 401,000 

Loadaaslaek TO.tso 

JiisWaiaUlslssba 1M,000 

ladUsgoat  for  Barope 400,000 

^7pt.araail,  Ac.  aloat 87.800 


ss\ooo 

843.000 

19,000 

u>,on 

17,807 
1,300 

781,884 


Total  Ba 

Total  Amarlcaa. 


Uioajao 

1*1,800 


875,000 
805,000 
84,500 
78,017 

io,om 

819,580 

900,000 
909,100 
198,900 
844,000 
80,000 

1,401,000 
819,980 


Total  risible  sapply hales.  l^HnO  1.089.8S4  8,0M.5M 

PHes  MlddllBg  OpUnde.  Liverpool 7  l-18d.  8d.  8;<d. 

Tbeaa  Blares  Indicate  a  dtertaii  in  the  cotton  in  sight  to- 
night, of  908,094  bales  as  compared  with  '.he  aame  date  of  1874, 
aad  adsersossof  901,770  balea  aa  compared  with  the  correspond- 
ing data  of  1978. 

Moraif Sim  or  Corros  at  thb  Intbrior  Ports.— Below  we 
give  the  movements  of  cotton  at  the  interior  ports — receipts  and 
shipmenta  ior  the  week,  and  atoek  to-night,  and  for  the  corre. 
spondtog  week  of  1874: 

^Wssk  sadlngSept  1,  'IO—  ^Week  ending  Sept.  4,  '74.-, 
Rsoslpla.  Shipments.  Block.  Receipts.  Shipments.  Stock, 


888 

n 

188 
817 
181 
887 
•4 


994 
801 


1,000 


191 
141 
78 
111 


47 


1,790 

017 

110 

118 

88 

1,058 
101 


4,607 
881 

1,818 
849 
807 

8,088 

8,887 


Total,  old.... 
Skrsveport. ..... 


1,198  1.418  8,010  1,*8< 

«  17  180  86 

4  r  848  18 

04  M  MS'  188 

tM  878  940  188 

88)  718 


4,341 


17,807 

340 

liO  401 

83  8,684 

103  a,OM 


Total,  aew     ..       88)  718  1,885  889  885  9,881 

TotaLan 8,580  1.181  9,785  1,»T8  4,889         87,118 

The  above  touts  show  that  the  old  interior  stocks  have  t7i«r«(M<tf 
Jaring  the  week  813  bales,  and  are  to-night  9,737  bales  Uu 
than  at  the  same  period  last  ye*r.  The  receipts  have  been  81 
balea  Utt  than  the  same  week  last  year. 

The  exporu  ol  cotton  from  New  York,  for  the  last  six  days  in 
Aagast,  show  a  decrease,  aa  compared  with  last  week,  the  total 
reaching  743  bales,  aifainst  3,298  balea  laat  week.  Below  we 
give  our  usual  table  showing  the  exi>nrt8  of  cotton  from  New 
York,  and  th^lr  direction  for  each  of  the  laat  four  weeks ;  also 
the  total  exports  and  direction  since  Sept.  1,1874;  and  in  tha 
laat  eolamn  the  total  for  the  prerioos  year. 


236 


THE  CHKONICLE. 


[Sjjtimbar  4,  H75. 


BNrorMolCottom(baloa)rroin  N«w  York  nines Mept.l.  1814 


■ZrOBTSD  TO 


Liverpool 

Other  British  Ports. 


WSBK  SBDUfO 


Ane. 

n. 


Ang. 
18. 


26 


1.380 


Total  to  Ct.  Britain 


Havre 

Other  French  ports. 

lotal  Frencli... 


Bremen  and  Uanover. 

Hambarg 

Other  ports 

T«tal  to  N 

8| 


Burope. 


Spal 
Alli 


.In.Oporto&Glbraltor&c 
others 


Total  Spain,  dec 
Orand  Total.... 


a 


11 

621 


1,880 
3,6ai 


Ang. 
36. 

3,60S 


3,691 


48 
900 


IM8 


1,605 

193 


1 93 
490 

~490 


Aug. 
31. 


44 


8,993 


80O 
499 


743 


Total 

to 
date. 


368,938 
7,033 


375,941 
15,137 


15,137 

33.886 
18,e81 
ll,86i 


Same 

period 

prov'uB 

year. 


Fbidat. 


Low  Uid.  claase,  new 
Low  Mid.  clanie,  ne  .v 


446,354 


416,351 

7,0S7 
1,701 


445,n» 


8,7J8 

30,561 
4.043 
3,338 


54,839 

10 
65 

37,843 

25 
3,647 

65 

3,673 

Oct Nov.  shipment  itom  New  Orleans, 

crop,  7  5-18d. 
-Nov.— Dec.  shipment  from  Sav.  or  Chas., 

crop,  by  Bailing  vessel,  if  reqnired,  7  l-16d. 
Oct  —Nov.  ptnpment  from  Sav.  or  Chas.,  Low  Mid.  clanso,  new 

crop,  7  l-16d. 
Jan.— Feb.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  new  crop, 

7  l-l«d. 
Nov.- i)ec.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  7  l-16d. 


486,596 


Shipping  Nbws. — The  exports  ol  cotton  from  the  United  States 
the  past  week,  as  per  latest  mail  returns,  have  reached  2,277 
bales.  So  far  as  the  Southern  ports  are  concerned,  these  are  the 
game  exports  reported  by  telegraph, and  published  in  The  Ghbon. 
ICLB  last  Friday,  except  Qalveston,and  the  figures  for  that  port 
are  theexports  for  two  weeks  back.  With  regard  to  New  York, 
we  include  the  manifests  of  all  vessels  cleared  up  to  Wednesday 
night  of  thiB  week.  Total  bales. 

Hbw  YoBK— To  Liverpool,  per  steamers  Idaho,  4.... Lord  Clive,  1,534 

per  Ebip  Lord  Lyndhnrst,  40 1,578 

To  Brunen,per  steamer  Mosel.  aOO .' 300 

ToReval,  per  steamer  Colombo,  499 499 

Total 2,377 

The  jirticularsof  those  shipments, arranged  in  our  usual  form 
are  as  follows: 

Liverpool.  Bremen.     Reval.     Total. 
New  York 1,578  8JU  49J  2,377 


SOO 


49J 
499 


3,277 


Total 1.578 

Below  we  give  all  news  received  to  date  of  disasters,  &c.,  to 
vessels  carrying  cotton  from  United  States  ports  : 

Leo,  str. ,  from  Savannah  for  New  York,  put  back  to  Tybec  Au;'.  26,  P.  M., 
witii  crosslicad  broken ;  she  repaired  and  proceeded  37th,  and  arrived  at 
New  York  30th. 

Steamers  State  of  Alabama  and  Oberon,  from  Now  Orleans  for  Liverpool, 
which  have  been  detainea  inside  the  bar  below  New  Orleans  for  several 
weeks  past,  succeeded  in  getting  over,  and  the  latter  proceeded  to  sea 
.^UEUSt  26.  The  former  anchored  outside,  and  was  loading  her  dis- 
charged cargo. 

Cotton  freights  the  past  week  have  been  as  follows : 


Steam. 
d. 

Saturday... 
Monday... . 
Tuesday... 
Wednesday 
Thursday.. 
Friday.  ... 

-Liverpool.- 


Sall. 
d. 

■  ■&X 
..@5-32 


, — Havre.— > 

Steam.  SaU. 

c.        c. 

11-16 
11-I6 
11-16 
U-16 
11-16 
11-16 


, Bremen. , 

Steam.     Sail. 
c.  c. 

Xcomp. 
;icomp. 
>icomp. 
Jjcomp. 
Xcomp. 
j^comp. 


—Hamburg.—. 

Steam.    Sail. 

c.  c. 

Kcomp.    .. 

J^comp.     .. 

Jicomp.     ., 

fiicomp.     .. 

^icomj).     .. 

i^comp.     .. 


Aug.  20. 

Aug.  27. 

Sept.  8. 

69,000 

82,000 

64,000 

3.000 

2,000 

.3,000 

10,000 

18,000 

9.000 

.3,0f.0 

6,000 

5,000 

887,000 

875,000 

828,000 

495.000 

460.000 

426.  OOO 

33,000 

67,000 

23,0OC 

7,000 

8,000 

885 

14,000 

13,000 

i7,noc 

358,000 

312,000 

291. OOf 

14,000 

9000 

14,000 

Liverpool,  Sept.  3.-4  P.  M. — B?  Cable  from  Liver- 
pool.— The  market  opened  flat  and  closed  dull  today.  Sales 
of  the  day  were  10,000  bales,  of  which  2,000  bales  were  for 
export  and  speculation.  Of  to-day's  sales  6,000  bales  were 
American.    The  weekly  movetiient  is  given  as  follows  : 

Aug.  13. 

Sales  of  the  week bales.    63,000 

Forwarded 3,000 

of  which  exporters  took 11 ,000 

of  which  speculators  took 4,000 

Total  stock 934.000 

of  which  American 524  000 

Total  import  of  the  week 47.000 

of  which  American 7,000 

Actual  export 15,000 

Amountattoat 385,000 

of  which  American 31,000 

The  following  table  will  show  the  daily  closing  prices  of  cotton  for  the  week: 
Spot.  Satnr.      Mon.  Tues.       Wednes.     Thnrs.  Frl. 

Mid'g  Uplands.  ((^7  3-16  ..@7  3-16  ..®T)i        ..®7>i        ..a7>,'        ..@7  1-16 
do    Orleans..  @7i<        ..@7X        ..®7  7-16  ..®7  7-16  ..@7  7-16  ..®7X 
Fjitures. 
Satubdat.- Sept.  delivery  from  Sav.  or  Chas.,  7  l-16d. 

Aug.  delivery  from  Sav.  or  Chas  ,  Low  Mid.  clause,  7jid. 
Sept.— Oct.  deliverv  from  Sav.  or  Chas.,  Low  Mid.  clause,  7)id. 
Dec— Jan  shipment  from  Sav.  or  Chas.,  IjOW  Mid.  clause,  new  crop, 

7^d.,  by  sailing  vessel,  if  required. 
Dec— Jan.  shipment  from  Sav.  or  Chas.,  Low  Hid.  clanse,  new  crop, 
7Jid. 
Monday.— Sept. — Oct.  deflvery  from  Sav.  or  Chas..  Low  Mid.  clause,  7>»d. 
Nov.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause.  7  3-16d 
Sept. — Oct.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  new 

crop,  7  3-16d. 
Sept. — Oct.  delivery  from  New  Orleans,  Low  Mid.  clause,  7  5-16d. 
TuE8I>AT. — Sept. — Oct.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  offered 
at  7  l-16d. 
Oct. — Nov.  delivery  from  Sav.  or  Chas.,  Low  Mid  clause.  7>tfd. 
Nov. -Dec.  shipment  from  Sav.  or  Chas.,  Low  Mid.   clause,  new 

crop.  7>id. 
Oct.  shipment  from  New  Orleans,  Low  Mid.  clanse,  new  crop,  7>id. 
Dec. — Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  new 
crop,  7)4  d. 
Wbdnbsdat. — »ept.  delivery  from  Sav.  or  Chas  ,  Low  Mid.  clanse,  7d. 

Oct. — Nov.  delivery  from  Sav.  or  Chas.,  Low  Mil.  clause,  7  l-16d. 
S<^pt.— Oct.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  7d. 
Nov. — Dec.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clanse,  new 
crop,  7  l-16d.  bid. 
THtJRSDAT. — Sept«— Oct.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  7d. 
Oct— Nov.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clanse.  7  l-16d. 
Dec— .Jan.  shipment  from  Sav.  or  Chas.,  Low  Mii.   clause,  new 
crop,  by  sailing  vessel  If  required,  7>id.  '"«i  ,  "i' 


BRE  ADSTUFPS. 

Fridat,  p.  M.,  September  S,  1815 
The  flour  market  Uts  beeft  unsettled  in  tone  and  variable  in 
prices  the  past  week.  Foreign  advices  liave  been  quiet,  and  the 
shipping  demand  has  been  moderate  at  $.5  303$5  90  for  common 
and  fC  2.5  for  prime  shipping  extras  and  prime  Spring  wheat. 
Minnesota  has  been  visited  by  driving  rain  storms,  which,  coming 
upon  wheat  in  the  shock,  has  done  much  damage,  and  "  patent" 
ilours  from  that  State  have  be<>n  marked  ap,  selling  to  a  moderate 
extent  for  more  money.  But  general  trale  has  been  quite  mod- 
erate, and  for  the  better  grades  from  Winter  wheat  holders  have 
been  inclined  to  make  concessions.  Yesterday,  there  were  ssles 
of  common  to  good  extra  White  at  $5  739$(5,  but  choice  Minne- 
sota brands  brought  more  Jnoney.  To-day,  an  efTort  to  olHain  an 
advance  in  shipping  grades  cliecked  the  demand.  Flours  from 
new  Winter  wheat  were  lower. 

Tlie  wheat  market  has  been  droopiag,  under  a  pressure  to 
sell  the  free  supplies  which  have  come  forward  by  canal, 
in  the  face  of  full  foreign  advices.  Winter  wheats  have 
fallen  off  most,  and  No.  1  Spring  is  no  longer  held  at  prices 
out  of  proportion  to  other  grades.  No.  2  Spring,  in  sound 
condition,  has  been  comparatively  scarce,  and  has  been  less 
supported.  Yesterday  there  was  a  large  business  for  export 
at  |1  263^1  33  for  Chicago,  steam  and  sail  condition;  $1  34  for 
No.  2  Milwaukee,  and  $1  40i<a|l  44  for  No.  1  Spring.  Today, 
there  was  a  firmer  but  less  active  market.  Soft  No.  2  Chicago 
sold  at  $1  27@$1  29,  and  No.  3  Milwaukee,  $1  35. 

ladian  corn  declined  rapidly,  until  good  to  prime  steam  and  sail 
mixed  sold  at  76@78c. ,  when  an  active  export  demand  sprung  up 
and  the  decline  was  checked.  There  were  also  large  sales  of  old 
mixed  in  store  at  78^(379c.  Yesterday  the  market  was  active, 
with  sales  for  the  last  of  September  at  77@78c.  for  prime  steam 
and  sail  mixed.     To-day,  there  was  no  essential  change. 

Rye  has  been  dull  and  drooping.  Barley  has  remained  unsettled- 
The  transactions  reported  have  generally  been  at  lower  prices. 
Barley  mait  has  been  sold  at  $1  28@$1  37  for  State  two  and  four- 
rowed,  with  Canadian  quoted  at  $1  4.5@$l  50,  cash. 

Oats  have  been  greatly  depressed  by  free  receipts  of  new;  the 
best  of  which,  mixed  and  white,  have  sold  quite  freely  at  48@52c., 
with  inferior  to  fair  at  35@45c.,  while  old  mixed  have  sold  at  57(g 
60c.  in  store  and  afloat.  There  has,  however,  been  in  new  oats 
some  reaction  from  the  lowest  point.  Today,  the  market  was 
steady,  with  sales  of  No.  3  Chicago  at  52a53c.  for  new  and  5Uc. 
tor  old. 

The  following  are  closing  quotations : 
Floub. 

No.  3 Wl  bb;.  $4  30®  4  90 

Superfine  State  &  West- 


ern   6  loa  5  60 

Kxtra  State,  .Sic 6  85©  6  10 

Western  Spring  Wheat 

extras 5  80Q  6  15 

doXXandXKX 6  258  7  50 

do  winter  wheat  X  and  j 

XX  6  35®  8  25| 

Oity shipping  extras..  ..  6  00®  6  85 
City    trade  and  family  | 

brands 7  00®  8  00 

Southern  bakers' and  fa-  I 

mily  brands 7  35®  8  40  I 


Southern  shipp'g  extras. . 

Rye  flour,  superfine 

Corn  meal— Western,  Ac 
Oorn  meal — Br' wine.  &c 

The 
lows  : 


Ubaik. 

Wheat— No.3!pring,bu6b.tl  30®  1  25 

.So.  ispring 1  27©  1  35 

No.  1  spring 1  42®  1  45 

Red  Western 1  25®  1  40 

Amber  do 1  44®  1  46 

White 1  45®  1  55 

Corn-Western  mixed...        73®     80 

Whrte  Western &5®      88 

Yellow  Western 78®      81 

Southern,  yellow ®  

Rye 90®  1  05 

Oats— Black @  ... 

Mixed 40®      59 

White    48®      62 


6  40®  7  10  I  Barley— Western _ 

5  403  5  75  I     Canada  West 1  35®  1  30 

3  6.5®  4  15       State 1  1('@  1  20 

4  50®  4  60  I  Peas— Canada 1  18®  1  40 

movement  in  breadatuffs  at  this  market  has  been  as  fol- 


, BKOBIPTSAT  KKW  TOBK.- 


BZFOBTS  raOK  NBW  TOBK. , 


Floar,  bbls. 
C.  meal. "  . 
Wheat,  bus. 
Corn,  "  . 
Rye,  "  . 
Barley.  "  . 
Oats 


Since    . 1875.- 

Jan.     Fort  re     Since 
1.  1874.     week.     Jan.  1. 
25.815    1,835,063 
3..55')        117,066 
62S.886  17,312,711 
3a'i.977    7,977.863 
6,535       153.3J3 
110 
2,246        83.416 


1874. 

For  the      Since 

week.      Jan.  1 . 

4!,f^29     1,495,846 

2,307        132.279 

613.001  2.5.566.3)1 

471,217  15,3.')S.).V3 

312        SmfiM 

3,0(10 

6,130  81,986 


1875.- 
For  the     Since 
week.      Jan.  1. 
77,012    3,2.59,131     3.633.348 
1,914  88.315        l?,9,:«i5 

776.615  17,930,.5.57  28.211,141 
482,631  14,191.370  33,543,551 
1,850       104,860       447,080 
21,530     l,2:i4,.S35        77l',3:J8 
208,323    5.392,524    6,595,473 

The  following  tables  show  the  drain  in  sight  and  the  move- 
ment of  Ureadstuffs  to  the  latest  mail  dates  : 

BBOBIPTB   AT  LAKE   AND  RIVER  PORTS   FOR  THE  WEEK  RNDIHG 

ACGU8T  28,  1875,  AND  FROM  AUGUST  1  TO  AUOU8T  28  : 

Fliiur,     Wheat,         Corn,         Oats,      Barley,        Rye, 

bb.s.       bush  bush.        bush.       bush.        bush. 

At—  (190  lbs.)   (6b  lbs.)     (56  lbs.)    (32  lbs.)    (48  Ibs.i  (56  lbs.) 

Chicago „      21,8li7        630.999        ~ 

Milwaukee 16,409      871,.561 

Toledo i,176       197.069 

Detroit 9.090       192.5  3 

Cleveland 3.16.'5»      38.800 

St.Lonis 3.1,730      303.516 

Peoria,.  1,800        17,000 

Dnluth ...        3,000  9,620 

Total 80,387    l.«48,108    1,496,843    1,135,747       69,755       82,53J 


9fi0.73<l 

441,313 

36.4.30 

30,<19 

14.040 

113,020 

30,880 

5,r,7."i 

173.611 

1«),846 

3:iii 

1.415 

21,4.16 

2..59J 

hu- 

9.hflO 

20,000 

800 

96.268 

219,412 

4f02 

12.76S 

243,960 

171,700 

4,250 

32,  !40 

SdptembOT  4,  UrS  J 


THE   CHRONICLE. 


287 


Preno«tw*«k. 

0>rrMi<'iic  «««k,'74. 

•7». 

11. 

•TO. 
TMal  AiK.  I  todate  . 

"     1 1814 

lun.. 


SS,M 

i<M.e« 

lot. 141 

iM.aw 

Ut.4M 

iM,iaf 


t.iM.a96 

t.*l3.4a8 

t.44SL41S 

i,4a».iis 
tjmjni 

7,iM.in 


l,»6,9tt 

I,*n,:i6 
».":.4» 

i.iM.tna 

l,52S.a» 
SM.91T 

4,Dit,«n 
s.«oo,nt 

8.163.I06 


i,€a>.»« 

1.17H011 
»l9,44a 

tn.s» 
tju».sm 


».894 

8S.901 

liT.lW 

6S.U8 

180.IOI 

64.869 

l».9Ti 

4«.5«8 

100.118 

IM,IMO 

ssi.aot 

«».48t 

116,104 

1691109 

toi.too 

Ml.Ttt 

IOt.U4 

im,m; 

srr.iM 

U5,8U 

SHXnfErra  of  Pi/>ur  ard  Grain  from  lake  ports  for  the 
week  Midiiig  Aag.  38, 1875,  and  from  Jan.  1  to  Aag.  28,  induaire, 
for  ftrar  rears: 

—  WhMt, 

1,1«&114 

»«.075 
I.4TM81 

IM.IBt 


near, 

hbit 

.  _^  mjm 

rio<ata.'.'...'.V4.i;UM  Sljm^M  >l.8»i.Ysi  nw.ns 

«Ka*  l»t4 A7tS.aM  >»,t4ajno  S3.0T0,J01 

^■mediae  tVI3 l.SS4,Sa  W.NMH  n.«*.4n 


WetkMdcd- 
Aas.lB.  "n 

Aup.  n.  *is 

Aoc-lt^t 

■-.T.TI 


Cora, 
hatk 
l.t&).MO 
1419.TI3 
1.4I9.»tt 
l.a65,SM 


9«n«  tiiae  VWt  . 


.t.ati,6n  11.111,618  4s.96j.su : 


B«rl«}, 
ka«b. 

««» 

is,a8S 

I8JS1 

«,» 

9KJVA 

unim  1.S74.47S  i.4u;8i6 

tMBjm  I.SM.004      8I4.M8 


Os-.a, 

bath. 

tn,«st 

l«l),409 
lW,4tO 


ba>b 

14.897 
18  SW 
ISWl 
11(14 
t8M91 


l,«M     14«,3»1 


B«0KIPTI  or   FliOOB   AIIO  ORAIH  AT  SBAaOAJtD  rOST*  FOR  TQB 
WB«K  BUDIIia  ADO.  as,  1875,  AXD  FKOIC  JAN.  1  TO  AUG.  38  : 


At— 
McvTerti  ... 

Bnrtoa 

Portlaad 

MontraaJ 

PbllMklphU. . 
BalUBora.... 
KawOikaaa 


Flov. 
bbla. 


WkMt, 


M.»M 
1.464 

18.ru 
U» 

ira84 


101.99I 
108.100 
118.800 


Com, 
boflb. 
8a>.a80 
1K,K» 
13.080 
'«.19i 

liT.lOO 
tJ.JOO 


o«t<, 

ba«b. 
8t9*8 
6«.«ll 
U.409 
8.4 18 
(1,4M 
V.tOO 
MOOO 


Bviar, 

bub. 

880 

1,800 


R7*. 

buk 

1,808 


SU) 

1,410 


I1IL8BI 
WLtlO 

iStss 


a3» 

1,000 

aai,87T 


>aaaU«aiaa .„_ 

Sw8«Ua«t«n. 4.88(t«a 


a,i8C 

n,89« 

4.618 
181,810 


IVtal 148,171      WUtl      887,018 

PrrrtoatwMk M8,Bn    l,8ML<H    1,1I«.I41 

Oor.  WOTk'lt 1S4.MI    1.48M8*    t,«T8.SS8  . 

Total  Jaa.  1  lo  daU.SiWr.in  MJM.187  <«.818  Kt  IMBJBT 
tmmtUwtm* An^88B  «8lin,m  W.tU.49B  IMn.«T 

.AmcMi  UJ8U188  <i.ia».m  SjSim   mhum*  r«.7ss 

~    «,861.nS  4S.OIV«n  M.m.l«l     1.88t.7U   488,180 

raR  ViaiBLR  MorrLT  of  Uraim,  inelodlDi;  the  stooka  la 
Ifraoary  at  Ice  prioeipal  polota  of  aceaBolation  at  lake  and 
seabowd  porta,  la  traaait  oa  the  lakes,  tlia  Nov  Tork  oaoala  and 
l>7  rail.  Aog.  W,  18T9 : 

WkMt, 


In  MOM  at  N«w  Todl... 

la  tlan  at  AlkaBT    

la  Mas*  at  BaMoi...^  . 

Ib  Mora  St  Chlcags 

iDiienatMltwMkasb.. 

Id  itora  u  0«laft_ 

In  M«r«  M  ToU4s 

laMsraatlMran , 

lamosastOaSMBS , 

Ik««or*atat.Laaia.  ... 

fn  (lOT*  ai  Faorla 

la  Mora  SI  BoMoB 

In  scot*  at  Toroate 

la  Mara  at  MoatnaL.  .  . 
la  Mara  at  PklHlii|*la. 
la  Man  at  BaHuaen.-.. 
laki  stilnsniils 

■tall  *tfmaii.  '. 

Oe  Raw  Tork  faaak.  .. 


TMal 

Aas.  i<.  inn. 
Aaj;.  18,  I81t 


■MIS 


Cora,  Oata,  Bar1«. 

bBfh..  task.  baab. 

IMilk  <H,8H  1.188 

88,0(0  IMM  4,8(0 

(P8.tU  JB 

t.r*.m  WiM  urn 

IB.4«  M.IM  »,t>4 

aM88  litn 
iit»( 


4.8R 


Br: 

ba*h. 
ll.tll 
(.OOO 

n'iio 
10,4m 

liois 


K>4.«» 


~""8I 


.     MUIS 
.  Cl((.(87 

MM.«n 

■  UnjK 


ri.9» 

mm 

S8.M( 

nm 

«.m 

ti.m 

».»i« 

t«>.8M 

•M.8a 

&s 

i.on.a( 

mjm 

IILM 

MI4M 

*»jm 

a.ttri.«l 
1A4.Ki 

m 

KJIO 


1,108 


ll.14(      I^IS 


HwIM 


141. at: 

IMlt 


THE  oaT  aOODS  niADB. 

PataaT.  P.  It,  tape  I,  Ifn. 

Tbx  packafa  trada  tba  pial  weak  baa  baao  aottve  In  aome 
drpartaeata,  bat  itrietly  modarate  la  otbas^,  aad  boxers  have  not 
abaadMod  tha  poHay  of  asUans  eaatioa  «jd(k  haa  oiarkad  their 
operatioaa  for  aeiaa  tlaa  paot.  Manf  of  tka  Waattra  jobbers  ba  w 
eomplelad  their  early  parehaaaa  and  retaraad  bona,  bat  there  ia 
oUII  a  lair  repreaeatatiaa  of  wholaaala  boyara  In  the  market,  and 
large  aambera  of  retailers  have  arrired  arllbla  the  laat  week.  There 
baa  been  a  better  aad  mun  eoalldeat  feallag  la  the  Jobblo);  trade 
and  8rms  doing  a  WsatsM  had  Boatharm bMiaasa bare  diatribatcd 
aa  Important  ajcarigata  aiaonat  of  aaaortoi  ■awbaadiaa.  Liaeal, 
Btata  aad  near-by  latiilasa  bare  aot  ytH  bsfaa  Ihalr  parehaaaa,  aa 
the  weather  baa  beaa  tae  mUd  for  the  dawlopmcl  of  a  eoaaamp^ 
tire  demand  for  aotoma  goods.  Valuaaof  M^latanaaUeprodao- 
tloaa  are  fairly  aoatalaed  althoagh  tbeia  baa  baao  mare  dlapoaitloo 
aa  tba  part  of  holders  to  irraat  extra  dioeoants  Ac,  oa  makes 
whiah  hare  andoly  aceamnlated.  The  print  rioih  owrket  has 
shown  a  strong  apward  tendency  owing  to  the  protracted  strike 
at  Fall  River  and  quotations  hare  bc«  adraaesil  ie.— axtra 
staadard  cloths  eloaibg  at  5|e.  Seraial  Baatata  eoTpotatiaaa 
■akfaig  dealma,  ticks,  ehartots,  Ac,  bata  eoneloded  to  eeaae 
operation*  (cr  30  days,  while  oa  tba  otbar  band  the  Wamsotu 
>»  'are  heeo  cloerd  lor  aotao  Una  will  rooame  prodnc. 

t"  '  k.     Fnr^i/n  goods  hare  beaa  rather  more  actire 

alchough  litx-i  -«■  oapeetcd  by  saaftaina  holderr. 

DoKBSTi'  '  looa.— Thnv  baa  baao  a  steady  demand 

froobViBl  haniix  tor  inn  aMM(  Staple  good^aad  tba  pUcn  dlalrlba- 
lloB  has  beaa  liberal  la  tba  aggr«Rata  Maonat  Dark  madder 
priats.  with  plenty  of  oolar.shflar  to  tbota  la  rasa-  a  few  yeara 
aico.and  plaid  affecu  hara  been  aetiri>.  bat  iiagle  color  eliooolatee 
bare  irigifni  ami  ihming  apparently  in  oror  sapply)  some  price 
co*s«Mioos  ir  •  hare  lM<en  In  brink  r<K|ae^t. and  all 

leadlag  mak'  to  rmrripla  from  the  mllla      Brown 

sheotlagi  hsTx  DK-i  wiina  steady  dnaaad,  and  at  a  slight  price 


concaseiun    some    \KTge    lots  o'    fine  browns  were  closed  out. 

Bleached   sUiniofis   bare    been   in   better   request,  but  at  prices 

which  barely  repay  the  cost  of  productloo.  Cotton  flaoDela 
cootioaed  active  with  both  agents  and  jobbers,  and  are  firmly 
held  at  opening  quotations.  Corset  jeans  nod  satteens  in  dark 
Fall  shades  changed  hands  in  fair  quantities,  and  the  supply  is 
eomparatirely  lii;ht.  Cheviots  and  dyed  ducks  wer  •  in  good 
demand,  bat  tickings,  deniius  and  checks  ruled  quiet  in  first 
hands.  Orain  bags  moved  less  freely,  as  some  of  the  Western 
jobbers  arecarrriog  heavy  stocks  which  deter  them  (rom  entering 
the  market  as  buyers.  Balls,  warps  and  twines  were  in  steady 
reqaest  at  anchaased  prices. 

Domestic  Woolbn  Goods. — The  clothing  trade  UavinK  nearly 
completed  their  purchases  for  the  Fall  season,  there  liaa  been 
comparatively  little  demand  for  men's  wear  giwds  from  first 
bands,  but  cloth  and  dry  goods  jobbers  hare  esperienced  a  fair 
Inquiry  for  small  assortments  of  fancy  easaimeres,  worsted  coat- 
int^,  Ac,  but  the  general  movement  has  been  slow  and  unsatis- 
factory. Uepellents  and  cloakiogs  hive  dragged,  and  prices  of 
outside  makea  have  become  weak  and  irregular.  Kentucky 
jeans  have  been  in  steady  request  and  fair  transactions  were 
reported  by  leading  agents,  but  satinets  were  inactive.  Flannels 
hare  continned  in  good  demand  for  limited  assortments,  and 
aales  hare  been  satisfactory  in  the  aggregate  amnnnt.  Blankets 
were  decidedly  more  active  in  jobl>era'  bands,  but  agents'  trausac- 
tions  were  not  up  to  exiiectalionr.  Lio^cTX  movrd  slowly  at 
irregular  prices,  but  \rorste<i  drees  goods  met  with  liberal  sales, 
and  have  measurably  supplnnti'd  foreign  fabrics  of  a  like  char- 
acter. Shawls  have  been  in  fair  demand,  and  the  supply  in 
agents'  hands  is  much  smaller  than  usual  at  this  season.  Felt 
skirts  of  low  and  medium  grades  were  largely  aistributed,  snd 
fancy  hosiery  waa  in  good  demand,  as  were  sbirts  and  drawers, 
Cardigan  jackets  and  other  knit  woolens. 

FouBiux  Dry  Goods. — British  and  Continental  dress  fabrics, 
which  are  in  unusually  light  snpply,  have  been  in  fair  request 
with  most  relative  activity  in  black  and  colored  caahmeres  which 
are  firmly  held  by  importers.  Black  dress  silks  hare  been  more 
actire  In  first  hands,  and  1 ,300  pieces  of  the  imptrtation  of  Messrs. 
P.  Schalhoir  A  Co.  were  Iperemptorily  sold  at  auction.  Colored 
draas  silks  in  dailr  cloth  shades — nary  blue,  brown,  prune,  &a — 
hare  baen  more  active,  and  velvets  and  ribl>ons  were  freely  sold 
at  auction  at  fair  prices.  Woolen  goods  for  men's  wear  have 
bona  qalet  in  private  bands  and  brought  low  pricea  at  auction. 
Damasks,  toweliogt  and  napkins  have  twen  in  moderate  request, 
bat  shirting,  fronting  and  clothing  linens  were  without  anima- 
tion, aad  white  goods  remained  inactive. 

The  importations  ol  dry  gooda  at  this  port  for  the  week  ending 
ftspt.  S,  1879,  and  the  eorrespondinit  weeks  of  1874  and  1873 
bars  been  as  follows : 

BMSaaaa  >aa  ooHsoamoa  roa  ras  waaa  aannia  sarnuBCB  1,  ISIf: 


Pkn.  Valo*. 
.  1.1»(  t904.M4 
..1,!>M  4«7,«48 
..   »«       840.141 

Oo  lax VM       3IV.11& 

UaesUaaeoos  dry  fooda  «o      ntSTl 


Maaafactarss  of  wool 
do 
ds  sUk 


Pkc*. 

1.781 

1,181 

1M 

Ml 

ao« 


-1814 . 

Valae. 

(n»,iio 


888,1100 
811,110 
1&1.8T1 


PkK* 

L88I 
Ml 
»1 
148 
(OS 


-1818 > 

Vain.-. 
188(181 

are.4>ia 

8M.144 
171,038 
188.  IM 


I.ON  (1.846.081      8.III  (11I0,I.M       4,87%  fl.V;761t 

I  WABsaoosa  tm  yumawn  laro  raa  HAaaaT'tioauia  raa 
aaas  raaioo: 


MaaafactarafOf  wool  ...  1,411  WIO,ra  887  |8ri.1« 

do            couoB..    M8  iTvin  em  :m.6-.7 

do           aiik 848  urn»  1st  tsi.4r« 

da            laz (14  1.18.011  tat  mjan 

Kliiiinsainn  iij  tmHi       U  n,Tn  («  81.714 


I.IIO 

am 
Ids 
Ml 
IM 

iTw 

4.M8 


}480.M8 

1I8.4S9 

SI  1,0(1 

((,(40 

(0,(88 

((81,118 
1,(17.614 


Total  (,l«4  |1,U8,in      8,84411.118.1*1 

Addaat'droreoosaaipfa  l.on    l,St«,OU      8,134    1,410,183 

ratal  tbrows  apoa  m-k't .  (JOS  tMlMN     B,m  18,888^414      8.074  (1.9!4,790 


sarsaas  roa  WAasaoaaaa  ainuaa  aaas  vsaioti: 

Maaaractaraaor  wool  ...    (07  1484.311  1,111  tea8.11&  881  MM-^O 

do                cotton..    MS  (8,410  814  SD.IBl  108  08,818 

do                allb 1*4  l*l,(tn  111  ia.TIO  Hi  196  888 

ao                daz 4«  mjno  Ml  l8n.MS  414  180,181 

||lw«klaaeoeadr7(Ooda.  l.U(  41.(80  m  11.BSI  887  M,0«7 

Total          1.811  ((10,401     (,(M  ^wTkC  MW  (104,014 

add«st*>irarcaBS«Bipt'Bl.on  »8I8,0B(  8,114  1.110,iU  4,8)5  1,(71,614 


IMal 
Ufa 


attbepOftlOiMI  (3.(n,410      8.0SS  (8.188  IfU      6,413  tl.)»l, 888 

X  priosa  ol  a  few  artiolaa  o(  dumastic  mtnatacture : 
Coltoa  Hall  Daek. 


I    Dmld 

...   m 

...    (8 


M 

Hn 

Wo.  1 

!lo.(.... 

l»o.(    »4 

!»*4 81 

Xo  8 80 

!»o.O « 

KaT 18 


No.  8.. 
Na  «.. 
NalO. 


LiRht  daek— 
BrarC^oa.lKla.. 
do  beav]rf(oa.>.., 
Moat.aavaasKln. 
do         dOln. 


IS 
(4 
11 


M 


Ontario  and  Wnodberrj 
US4  HiandanI  f>H  in. 


dn 
ۥ0 
do 
do 

dn 
Ontario  T» 
dn 


1^  n». 
9  ox. 

10  .•«. 

11  nr.. 
18  OS. 

In,  am. 


20 

n 

14 

» 

ro 
11 


Kz  twIi-Polbem's"  11 


Aao 
lie 

lynrlalna 

Frankllnrlll*.. 
M ostaap  . .   , . 


Dirlio. . . . 
ii.  H  .... 
Irrlnf ... 
Oraaasr.. 


17  EO 

(760 

MOO 

WOO 

»IO0 

10  09 

Baga. 

Ontario  A 

do     B 

do     C 

PowbaltanA.. 
do       n.. 

do         0.. 


80  no 

«7  m 

45  00 
18  00 

as  00 

40  00 


I  stark  A 

I     does  hniiti 
I     dn     tH  biiah 

IPlillaA 

I     dn    P 

I     do  C    


Cotton  Batta. 


18 

( 

1« 

n 


I  lUnorer 
I  Logan 


Enpr««>8l 
P«aUel*a 


do 


10 
18 

JaekMn 10 

UooMtlBjan. l%)i 

Cotton  Taros. 
IS 

IS 


I  BarftMOt    8  to  11 
I  Ponianoy     do 


I  nnck  iHlind 
I  RU!i«Un.  ..  . 

Hmndnrd 

1  Wjoniing. ... 


I  IXC  6 10 11., 
I XXX    do    ., 


80  no 

45  00 
.18  M 

80  no 

86  00 
4U00 


19 

11 

13 


(S 

(0 


238 


THE  CHUONICLE. 


[September  4,  1875. 


<  50 
U  OU 
90  OU 

1  80 


UU  Q 

uo  s 


0 

a 

7  • 

90  a 


30  A  32 

JO  9  it 

14  9  35 

U  •  » 


89  OU 
28  00 
is  00 
ti  00 
45  00 
:0U  00 
il  oo 
20  00 
3  25 
<  SO 
5  70 
8  ID 

1  39 


13    « 

i«xa 

20k  a 
26  a 
21  a 
2'-  a 

20S-'4 
l'H4 

'■m  a 

19  a 


»H 


1»H 

20 

iWM 

29 

22 

23 

21H 

18 

2j 

22 


.9  81 

..«  80 

..«  31 

••  28M 


2V 


OENBRAL 

PRICKS  CUltKENT. 

A.SHBS- 
Pot 5    9 

BRBADSTCFPS— Seetpeolal  report. 
BUILDING  MATERIALS- 

,ArlcA:«— Commoa  bara.afloftt 2 

Croton U 

Phlla<lolphl« 28 

C«m«n^— Kisendale 

£fni0— Rockland,  common ...    1  10 

RockUnd,  flnUhlne.. 130 

Zumfttfr— Soathera  \nne 25  JO 

Wuite  pine  box  boardi 18  00 

White  pine  merchan.  box  boards.  H  00 

Olearplne 55  00 

OakaLd  aah 40  00 

Blackwalnal 79  Ou 

Borace  boards  &  planks 18  00 

Hemlock  boards  &  planks 16  m 

ifafU— '.0«SOil.com,fen  &  sh-V  keg    3  20 

Clinch,  m  to  3  In.  &  longer 5  (JO 

SdOne 5  55 

Gut&plkea.allslzes 3  45 

iWn<4— Lead.vhfte.Am.pare.lnoll       11 

Lead, wh. ,  Amer.«  pure  dry 

Zinc,  wh.,Amer.  dry.  No.  I 

Zinc,  vb..  Amer.,No.l.ln  oU 

Paris  white. Rnjillsh.  prime  gold...   1 
BtJTTKK-{Wholesale  Price?)— 

Half  flrklnsCKast'ii;  Sas  to  selections 

"Welsh  tubs,        '•        "       "...., 

Half  flrktn8(We8t*a)  '•       " 

Welsh  tuba         »        "       '• 
CHBKSK— 

Ke  w  State  factory,  fair  to  good 

Western.good  to  prime 

C0A1-- 

Anthraclte  (by  cargo) 5  50   ^    6  60 

Llrerpoolgas  cannel 0  12  uo 

Liverpool  house  cannel ..3  17  00 

Klo,  ord.  cargoes,  60O90day8,  gold. 

do  fair,  do       gold. 

do  good,  do        fcold. 

do  prime,  do        gold. 

javA.mats  and  bags gold. 

Native  Ocyloa goJd. 

Maracalbo   gold. 

Laguayra goid 

Et.  Domingo gold. 

Bavnnllia irold. 

Costa  Rica    gold. 

O'JPPtfK- 

Bolts 

Sheathing,  new  (over  13  oz;  

Braziers' (over  18  oz.) 

Amerlcaa  Ingot,  Lake 

COTTON— See  special  report. 
DRUGS  &  DYKS— 

Alum,  lump 2Hm 

Argols, crude gold.       1?    O 

UgolB.reflned..,, *'  28   ©       aCk 

Arsenic,  powdered ••  sua        oJ 

Bicarb. soda,  Newcastle »'       4  87wa 

Bl  chro.  potash.  Scotch "  16Wa 

Bleaching  powder "        1  75    a 

Brimstone, crude,  per  ton *•  ^  4y  qj 

Brimstone,  Am.  roll Vik.         SWd 

Cimphor   refined 23wa       24 

Castor  oil,  K.Ulnbond.  V  gal.. gold.       70    a 

(Caustic  soda '*      4  44    © 

DblorateyotaBh ••  jo    a 

Uochlneal, Honduras "  45    © 

Cochineal.  Mexican '  42KO 

Jream  tartar "  SSJ^a 

Jubebs.Kaat  India © 

Untch gold.         8    0        614 

S^ambler •'        -—     - 

H'tnaeng cnr. 

Glycerine,  American  pure •' 

Jalap " 

Licorice  paste,  Calabria 

Licorice  paste. Sicily 

Licorice  paste.  Spanish,  solid. .  .gold 

Madder.  Dutch *' 

Madder, French •• 

Nntgrtlls.bliie  Aleppo 

Oil  vltr)oH«6  degrees) 

Opium,  Turkey (In  bond),  gold.   4 

Prnsslate  potash, yellow.  Am 

QutckftlWer gold. 

Quinine cnr. 

Rhubarb,  China, good  to  pr....V  lb. 

Sat  soda,  Newcastle gold     1 

Shell  Lac 

Soda  ash,  ordinary  to  good gold    2 

Sagar  of  lead,  white 

Vitriol .  bin e .  common 

FISH— 

060<*ge*8  and  Grand  Bank  cod, 5 

Mackerel,  No.  1.  shore  (new) 17 

Mackerel.  No.  1,  Bay 8 

Mackerel,  No.  2.  shore  (new) 18 

Mackerel,  No.  2,  Bay 

FLAX- 

North  River,  prime 9  ft 

FRCIT— 

Raisins,  Seeaiess 4 

do     Layer 2 

do     Sultana 

lo     Valencia 

do     Loose  Muscatel 8 

Currants 

Citron ,  Leghorn 

Prunes,  Turkish 

do        French 

Dates 

WltfS 

Canton  Olnger V  case.  _ 

Sartilnes.*  hi. box car.       itSJi^ 

Sardines.  *  or  box •*  ....% 

Macaroni.  Italian 9 

Domestic  Dried— 

Appies,  Southern,  sliced 8Wa 

do  '*  quarters 9 

do       State, sllcpi. ■,  B]^$        9 

do  do    quarters ^        8V 

do       Western,  quarters ^         gjtf 

P«ache8.  pared  Western ^ 

do       do  Ga.  troo  I  and  prime....         15    a 

do       do     N.  Carolioa,  prime. a 

do     nnpared.  halves  and  qrB,new        7    9 

Blackberries  , new 10    a 

Rispberrles 23    ® 

Cherries ^.a 

Pinms 16    9 

BKMP  AND  JUTE— 

American  dressed ftton.  285  00    d2G 

American  nndressed ^ 

Rnssla. clean gold. 220  00  'd22s'66 

Italian ••    260  00    feZ^S  00 

ivfanlla ft%    ••  7va        gu 

Sl»»- 9    a         5)5 

Jate 8><a        9 

0ITMNIB8.— B««  report  andar  ijotton. 


I6H 

1  87S 


4  6ij< 

55 
45 
S6X 


9  90    a    6  00 


15 
l«    _ 

18  a 
2«  a 
25  a 

20    a 

<>ta 

6>»a 

t4a 

iva 

37X8 

...a 
70  a 


a  1 30 
ii" 

8« 

is 

so 

??^ 

4  'i9 
34 


2  33 
1  50 

1  6«K 

2  18X 

ISii 
8X 


50  a 

so  a 
58  a 
00  a 
....a 

sjca 

store  PrtcM. 
25  e  5  50 
50  a  18  50 
00  a  9  50 
00  a  13  50 
....®    8  50 

15  a 

85  a  5  00 
12Xa  3  20 
1JH« 

10  a 

40  a 
6  a 

....a 

11  ® 
5  a 

13  a 


lox 
3ao 

6X 
24 
10 
15 

5>< 
17 
8  00 
24  H 
U 
14 

8K 


18 

'»" 

lOX 

25 

20 

17 

100 


2!Ha 

21>4<i» 

20  a 

16H9 
16M3 

...    a 

16  a 


■  ■■  a 
10  a 


475 


24S 
21X 

2ix 


13 

iss< 

13K 
I'H 
10 
> 

ii" 

ts 

12 


QUNPOWDKB- 

BLASTrNO,  FOB  KAILBOADB,  «0. 

Bodt,  any  siio  Krala,  la  2SD  keKi |2  90 

Saltpetre         do  do        8  00 

SPORTINQ. 

Klectrlr.  No«.  1  to5  grala.  In  1  lb  eq.  cam I  00 

Diamond  (rratn,  In  lib  cans l  00 

Orange  llghtiilnK,  Nob.  1  to  7.  in  lib  cans 1  llO 

SuDerfl'ie  faKle  sporiln?,  In  lib  oval  cans 70 

Aiiu'rlcan  snorting.  In  lib  oval  cane  70 

Orunifc ducking,  Nos.  1  to  5.  tn  lib  cans. .......       70 

I>tick  i>Iiootln«,  N08.  1  to  5,  In  6Klb  ketrs S  44 

Eagle  duck  «hootln«,  Nos.  1  to  3.  In  «J«  lb  k»(?a    3  41 
Orange  'lucking.  Nos.  1  to  5,  gold  ban  1  metal 

koi!S,«XIba 3  41 

Ragle  ducK  shooting.  Not.  1  to  S.  lixt,  kegs,   6  S' 

l>ucK  Shoottnir,  ^o8. 1  to  5  gr.,  12Xlbs 8  88 

H^zarl'h  Kdtucky  r.fle.  I''  "valiibc«ns 45 

Dupom's  rllla   Kg.  FFif,  FFFg  lib  cai.s 45 

DupoDt'a  rifle,  FFg.  FKFg.SJilbB 145 

Hazard's  Kuniucki-  rifle.  FFFg,  FFg,  and  Sea 

Shoot  ng  Kg.   6)<ib  kegs 145 

Dupunt'^  rifle,  FKir.  FFFg.  UXtt  k»g» 2  «a 

Hazard's  Kc   tucky  rifle,  FFFg.  FFg,  and  Sea 

Shooting  Kg,  llik  lb  ke?s 2  62 

Orang.-  r  fla,  Fg.  Firg.  FFrg.asib  koirs  4  75 

Hazard's  Kentucky  r.fle,  Fg,  FCg,  FFFg,  23B> 

kegs 

HAT- 

Shlop'ca ViOU  a       75    a 

HIOBS- 
2>rv— Buenos  Ayres,  selected,  gold       i>2    a 
Montevideo,  do....     *'         32   a 

Corrlentes,  do "         20    a 

Klo  Grande,  do "  21    a 

Orinoco,  do....      "  "'■    ' 

CallforDla,  do.... 

Matam.  andMex,  as  they  run 

Maracalbo,  do 

Babla,  do..., 

Drt/  ^alftfd— Maracalbo,  do. . . . 

Chin,  do.... 

Pernamhuco,  do  ...  _ 

Savanllla,  do "       ...    a 

Babla,  do "       @ 

irei.?aK6d—Buen.  Ay,  selected      "       a 

Para,  do....      "       a 

Calirornia,  do....      ••  10    a 

Texas.  do...,    cnr.        fl   *» 

A.  /.  stocifc— Calcutta  alaught...  gold 

Calcutta,  dead  green " 

Calcutta  buffalo " 

tROK-- 

Plg,Amerlcan,No.l '^5  5(1    a  '.n  00 

Pig,  American,  r. 0.2 24  00    s  25  00 

Pig,  American,  Forge 20  00    13  24  00 

Pig,  Sootcn    29  00    ©33  00 

„       „      ..  ...  .  Store  Prir.eit, 

Bar,  S'ffedes, ordinary  sizes 1.31)  00   aMO  CO 

Scroll 80  00    0125  00 

Hoop 87  50    ©135  00 

Sheet,  Russia,  as  to  assort gold.      13   ©      131^ 

Sheet,  single,  double  &  treble,  com.        4    <^        4v 

Ralls,  new,  KnglUta gold  50  OO    a  5J  00 

do    new.  American car ®  53  00 

LBAD— 

Ordinary  foreign »  100  lbs,  gold  S  75    13 

Domestic "     5  85    a    5  95  ' 

Bar 8^4 

Sheet 9j^a 

L.KATHKK- 

Ueinlock.Buen,  A'reB,b..m.&l 26    a 

"       Calit'ornla,  h.,  m.  &  1 25    a 

"       comm'n  hide,  h.,  m.  &1 25    a 

•'       rough 87    a 

Slaughter  crop 32    a 

Oak.  rough 28    a 

Texas. crop 31    a 

MDI.ASSKR— 

Cuba,  centrifugal  and  mixed ...dt 

Cuba, clayed S3    a 

Cuba,  Mna.,  refining  grades,  50  teat.       86    a 

do      do    grocery  grades ss    a 

Barbadoes 42   <^ 

Demerara 87    a 

Porto  Hlco 38    a 

N.  O.,  new,  fair  to   choice  ..  V  gal.       60   a 
NAVAL  STOKES- 

Tar,  Washington 2  62X3   .2  62X 

Tar,  Wilmington    2  2i    ;%    150 

Pitch,  city 2  12XS    2  25 

Spirits  turpentine V  gali.       SIJ^-^       3* 

KoBln  com.  to  good  stralc'd  V  bbl.    ^  iiii%    1711 

"     go.  1 2  60    a    4  00 

"      No.» :  80    a    2  20 

"      pale 4  25    a    5  50 

'*     extrapale 6  50   a    7  00 

OAKUM— navy  to  best  qnallty...»!b.  7Xa        9!^ 

OH.  C4KB— 

City,  bag gold        a  42  01 

Western car.  46  00    a  46  50 

OILS— 

Cotton  seed,  crude  44   a 

Olive,  in  casks  •  gall 1  15    a 

Linseed,  casks  and  bbls .,  65   a 

Menhaden,  prime  L.  I.  Sound SIHA 


28H 

27 

27K 

28 

35 

30 

34 


43 
45 
45 
50 


46 

1  !8 

67 

32 

1  20 

75 

65 

1  50 

1  90 

1  03 


SKa  5H 

15S<'a  17H 

uxa  UK 

....a  lox 


20  95 
16  00 
19  25 
800 
10  00 


NeatBloot 75  a 

Whale, bleached  winter 72  a 

Whale,  Northern 61  a 

Sperm, crude 1  48  a 

Sperm,  bleached  winter 1  85  a 

Lard  oil.  Winter 1  00  a 

PBTROLETTM- 

Crude,  in  bulk 

Cases 

Refined,  standard  white 

Naphtha,  City,  bbls 

PKOVISlons- 

Pork  new  mess V  bbl. 

Pork,  extra  prime " 

Pork,  prime  mess " 

Biiel,  plain  mej^B •• 

Beef,  extra  TTieas •• 

Beef  hams,  choice  new " 

Hams,  smoked »....¥!  ft 

Larit,  City,  steam 

BICB- 

Carolina, falrto  choice 

Louisiana,  fair  to  prime 

Rangoon,  In  bond gold. 

Patna 

8ALT- 

TurkslHlaud 25    a 

St.  Martin's 28    a 

LIvnrnaoi.TSTloiusorU V  sack.    1  40   a 

SALTPETRE— 

Renned,pare Vft       a 

Crude gold  9Ka 

Nitrate  soda ■■  2X3 

SEED— 

Clover,  Wftfttern V  lb.  13    & 

Timothy V  bnsh.  3  00   a 

Hemp,  foreign , 1  80   a 

Flaz,roagh 1  75    a 

Unaeed,Calnatta«9<ligo1a  (time).  3  00   a 


a  21  00 

®  16  25 

a  19  50 

a  9  50 

a  II  00 

9  28  00 
15X«        15!^ 
....a        13 


7K«  8H 

7Xa  8 

3  70    a  2  79 

7    a  7)4 


I2X 
"2Jlf 

13X 
3  1214 
1  65 


SILK- 

Taatlee.Noa.l  to4 «i  lb 

Taallee,  re-reeled 

Taysaam ,  Nos.  1  &  2 

Canton,  re-reeled  No.  ICotngoun.. 

8PBLTKK- 

Foralgn '.00,».gold. 

Domestic cur. 


s  CO  a  5  75 

4  62Xa  5  37H 

<  50  a  5 10 

4  75  a  5  00 


7  12Ka    7  35 

7 10  a  7  25 


8PICBS- 
Pepper,  Batavla '.gold 

do         Singapore 

do        white 

Uassia,  China  LIghca 

do       Batavla 

Olnger  African 

do     uaicutta 

Mace 

Nutmega,  Batavla  and  Penang 

Pimento,  Jamaica 

Clones 

do    Items  

8PIRITS- 

Braody,  foreign  brands V  gall. 

Ram— Jam. ,4th  proof *• 

St.Croii, 3d  proof •' 

Gin •• 

Domestic  liquors— Cash . 

Alcohol  (90  per  ct)  C*  W cnr. 

Whkkey " 

STBBL— 

English,  cast,2d£tstquallly  Vibgold 
English,  8prlnK,2fi  &  Isl 'luallty..  " 
Engllsli  bli»ter,2difc  istquallty..  '■ 

English  machinery " 

English  German,  2d  ft  1st  quality  ** 

American  blister cur. 

American  cast.  Tool 

American  cast  spring 

American  machinery 

American  ijermar  spring 

8DOAR- 
Ouba.lnf.to  com.  retl:""g, 

do    falrto  fcood  refining 

do   prime,  refining 

do   lalrtogood  grocery 

do  pr.  to  choice  grocery 

do   centr.hhds.  ft  bxB,  Nob.  8®1S 

Molasses,  hbds  &  bxB 

Melado 

Uav'a,  Box,D.  S.  Nos.  ^al 

do  do  do    I0ai2 

do         do         do    13al5 

do         do         do    I6@I8 

do  do  do    \^®M 

do  do  white  

Porto  Rico, refining,  com-  to  prime, 
do        grocery,  fair  to  choice.. 

Braall.bags,  D.S.Nos.9aU 

Java,  do.  D.S.,  Nos.lOai2  

Manila 

N.  0„  refined  to  grocery  grades.^... 
IiffnnJe(l—ila.rA,  crushed Vft 

Hard,  nowdere.i 

do     granulatou 

do     cut  loat 

Soft  white,  A.  otandard  centrii... 
do      dt.      off  A 

White  extra  C  

Yellow      do       

Other  Tellow 

TALLO'V- 

Primeclty,  »"  » 

Western,  »  lb    

TF.A- 

ilyuou.CominoH  to  lalr cnr, 

do     Superior  to  fii^e 

do     Extra  fine  to  finest „ 

do     Choicest 

Voung  Hyson. Com.  to  fair 

do  Super. to  fliie 

do      Ex.  line  to  finest 

do       Choicest 

Gunpowder,  i;om  to  fair 

do  Snp.toflne 

do    Ex.  fine  to  finest 

do    Choicest 

Imperial.  Com.  to  fair 

do        SuD.to  fine 

do        Extraflne  toflnest 

HyAon  Skln.A  Twan..com.  to  fair. 

do  do      Sup, to  fine 

do         do      Kx  flnetofinest 

Uncolored  Japan, Com. to  lair 

do  Sup'rtoflne 

do  Ex.flne  to  finest 

Oolong,  Common  to  fair,««,. 

do     Superior  to  fine 

do     Ex  fine  to  finest 

do     Choicest 

80UC.&  Cong.,  Com.  to  fair 

do  Sup'rtoflne 

do  Bx.fineto  finest 

TIN- 

Banca gold. 

Straits " 

English " 

Plates. l.C.charcoal " 

Plates, char,  terne " 

TOBACCO- 

Kentucky  lues,  heavy. 

"  leaf,     "      

Seed  leaf — Connecticut  wrappersTS 
"  Conn.  &  Mass.  fillere.  *73, 

Pennsylvania  wrappers.  *72 

Havana,  com. to  fine 

Manufac'd,ln  bond,  black  work 

"  "    bright  work 

WOOL- 

Amerlcan  XX vt, 

American.  Nos.  1  St.  2 

American, Combing 

Extra,  pulled 

No.  I,  Pulled 

California.  Spring  Clin— 

Superior,  unwashed 

Medium 

Coarse 

Bnrry  

South  Am. Merino  unwashed 

Cape  Good  Hope,  unwashed 

Texas,  fine 

Texas. mediam 

Smyrna, unwashed  gold. 

ZINC- 
Sheet *  Tb, gold, net 


16   a 

21  a 
2s  a 
ti  a 
iix« 
10  a 
1 10  a 


1 00  a  1 05 


16H 
is 

24" 
ux 

lox 
1  15 


lOH 
43 


10  _ 
40  « 
17    • 


gold. 

S  90  a  15  00 
8  «5  a  7  00 
8  45  a  »  65 
800    a    329 

2  37Xa  2  40 
1  24    a 


Store  Prices 

i4H«       17 

6j(a 

»  a 

loxa 

loxa 
....  a 
....  a 


7 

14 

11 

i« 
10 
11 


2  * 
7xa 
8t<a 
8)>a 
s^a 

8>ta 

6«a 

5  « 

7  a 

8  a 
8va 
9Ha 

loxa 

ova 

8X* 

'%'-* 
8xa 
7Xa 
....a 
11  a 
11  a 
lo^a 
iisa 

10X9 

loxa 


2x 

8X 

^^ 

liiH 
7K 


lOX 


10  a 

lox 

js^a 

»« 

8xa 

t% 

....a 

*% 

•xa 

»% 

39   • 

80 

32  a 

41 

48  a 

m 

75  a 

89 

29  a 

8.8 

88  a 

^5 

60  a 

m 

90  a 

1  10 

80  a 

87 

42  a 

95 

65  a 

8(1 

1 10  a 

1  20 

2°  a 

.% 

36  a 

48 

98  a 

n 

21  a 

2« 

27  a 

29 

Nominal. 

37   a 

42 

48   a 

54 

60  a 

79 

3<  a 

SO 

s«  a 

93 

59  a 

70 

85  a 

97 

27  a 

34 

36  a 

fS 

98  a 

89 

....a 

JS 

...  8 

19 

i«va 

.... 

R  00  a 

8  25 

6b7X® 

7  25 

9xa 

11 

IIXS 

'29 

20  a 

55 

7  a 

8 

18  a 

85 

85  a 

1  25 

17  a 

30 

29  a 

50 

90  a 

5J 

50  a 

55 

54  a 
45  a 
30  a 


a  84 

a  " 
a 

a  2< 

a  83 

a  r< 

a  fi 

a  .IS 
so 


17    a 


FRE1GHT8- 

TOLIVXBPOOL: 

Cotton V  lb. 

Flour *  bbl. 

Beavygooils.  .*ton. 

Oil 

Com.blk  &  bg«. »  bn. 
Wheat,  bulk  ft  bags.. 

Beet V  tee. 

Pork Wbbl. 


. —  ST«AM.- 
S.  (J. 


2  S 
32  « 
40  0 

7  a. 

7xa. 

5  0  a. 

86    d.. 


a  X 
a  ... 
asoo 


d. 


8K»       9fl 

■BAIL.- 

». 

a       5-32 
1*      .. 
a    39  0 


17  6  a 

85  0  « 

7  a 

4  0  a 

80  a 


JHE 


AND 


xmtlt 


HUNT'S    MERCHANTS'    MAGAZINE, 

REPRESENTING    THE    LNDUSTRIAL    AND  COMMERCTAL  INTERESTS  OF  THE  UNITED   STATES. 


VOL.  21. 


SATORDAY.  SEPl'BMBKR  11,  1875. 


NO.  533. 


CONTF  M  rt. 


TBB  OHBOmCLI. 
T>»  MaaiuiT  Wftfea  mt  tfc»  |    ud  ma  Jn.l  to  8«pt.  ' 

^Hwlaaoa Mi  I  Uto.f  »»it»y««400M».v... 

Oi— I OmUIA <m  ap«d« Pay-  I     ■nzll*R«w« 

■oto MO   OooimereM  ui4  WirtHmim 

Ballraad  BuBlafa  la  Aacwt.  1     Newt 

TBS  BAMUtBlf  OAZBrn. 
.CCSMVlliM, 

'^    'MltakM, 

.KawTorii 

OK*    BMta.  Bntoa    Bufa, 

TBB  OOMHKMiriAL 

>»mmm^aiafium» »«|I>rrO<M«i 

Ooaom «•    Price." 

Br«<MR«*«  MS 


MS 
«44 


Baoka,  ME M* 

vtaoutloa*  of  Stack*  aadBooda  Mt 

X*w  Tock  Loal  SwvtUM  .    .  SO 
InTMiimi  04  MM*.  CItj  aad 

Corponltoa  naaaoM KI 


®  I)  t  41 1)  I  0 11  i  f  I  f . 


Tib  COMMBMCtAl.  /UID  PtllAMCIAt.  Cm 

d4tg  momimg,  mtA  Uu  latml  ntt  n 


nuu  or  ■vBackirrioM-rATABLx  m  adtakb. 

Trnm  CommaaeiAi.  avs  rtHAKniL  Chi'-xcicui,  datlftnd  »r  evtlOT  M  ill* 
•abwcibam,  and  asllad  lo  »U  atk.n: 

ParpMT«ar(iaetodUcpoMaC«) „    |  (  ft 

fr.gj** '?'"'—'■  iftT*'  »'■»«»*«'»  e«—wEi  ?■»&>!■  «of  BMIW 

A<v*rtlaaniaala. 

■  - --■-  -  ,--J«WMatt  aaa   paMl.h'.l  a«  •  am*  par  Usa  for  aaek 

j»w«M~l  la  aaia.   IJo  mmitm of  eootlaatw  prtHMk*  la  Ika  ba*« 
tgg*g  >?  I«*oa.***a_a<T«rtla»Ti  »q.i  htira aaaal  OMorf  ltla«L    taadal 
aolaaa  M  caM  *ar  iaa,  atak  laaaniaiL 


fiaeaaB 
lioSna 


Tka 


tarifea 


U  at  Ka.t  Aa.lla  PHan,  OM  Broad 
aroMtaaat  iWfuBiralM  ««i—: 

l<»2^Chf«alala(lMla4laBpoMac«) m  tm. 


■AU  a.  BAiA.    I  WUXIAM  B    DABA  *  OO.,  PaUiakanL 

•■  rum.  /a.  f  n  tma  n  WilU^  »tt—L  !f  BW  TOKK. 

_^ Poat  Orr«aa  Box  ttm. 


^ST  KJS^L^^^HT^  '■'^'5*«'  »'  *>  ••«»»  PO***  oa  Ifca  «aM  U  1« 
caou^  y**— ytimifaraalMCTlboraaHHt. 

2!i.^L2?*!2r.?'J5^J'li*«  "•**     AI«  aaa  •«  of  Hnrr  .  MaaoaAsn 
■  Aatmra,  f  lo  WH,  ristr^Braa  niianiM. 


^V  TiM  BoataM*  Dipaiiaiat  of  ih*  (-«Mineu  u   raeraaaalad  aaaoc 

PiMBtUI  Ini«rMU  la  5««  Tork  Cllr  hy  Hr  Prad.  W.  Jooa*^ 


TIE  I01KTIIT  SITUITIOI  HO  Til  IMK  IS  QOLD. 
With  the  oihfr  indication!)  of  retomiog  finmnciBl  and 
fnercBDtilt!  activity,  two  moveiiMDtB  h«Te  sUracted 
attention  in  WaU  Klreet.  The  flrat  is  a  niddeD  advance 
of  gold  yetterday,  and  the  other  a  tlight  increaae  in  the 
Botivity  ot  money.  Both  these  incident  have  been 
ranch  diMnuted,  and  they  are  worthy  of  txamina- 
tion.  A>  to  the  actirity  in  money,  it  hat,  we  think, 
be«n  exaggerated.  Ab  Ute  an  Thursday  money  was 
offering  at  two  per  owjt  on  goyemroenU.  There  id, 
however,  a  little  leta  djupoirition  to  make  time-loanii  at 
the  rates  lately  current,  and  more  ditcrimination  i.<i  ufied 
in  regard  to  .  ,.     Indeed,  a  di«cuM«on  is  going 

on  as  to  this  i.  .  .  a  of  diHcrimination.  All  of  us 
remember  with  regret  the  time  when  our  banks  w.re  a 
great  deal  more  rigid  aa  to  rojlaterals  than  thtv  have 
been  of  lat«  yeart.     Snr«ral  conservative  bank*  had    a 


rule  never  to  make  a  call  loan  except  on  governments. 
This  ^ood  old  rule,  some  of  our  optimist  friends  contend, 
ought  to  be  revived.  But,  in  reply,  it  is  argued  that 
this  rule  is  impossible  of  adoption,  for  the  simple  reason 
•!iat  the  banks  have  to  lend  their  money  on  such  securi- 
ties as  are  afloat  in  the  street.  Governments  are  not 
now  so  plentiful  as  formerly.  On  the  contrary,  they 
are  loarce,  and  to  prohibit  the  banks  from  loaning 
except  on  governments,  would  be  to  forbid  them  from 
making  call  loans  altogether.  A  second  proposition  is 
that  the  banks  should  not  lend  except  on  dividend- 
paying  securities,  whether  government,  railroad,  or 
misoellaneoos.  Why,  it  is  asked,  should  a  bank, 
whom  deposits  are  payable  on  demand,  lend  those 
deposits  on  securities  in  which  it  would  not  invest 
its  funds?  To  this  question  it  is  difficult  to 
reply.  The  managers  of  our  banks  are  better 
capable  of  answering  it  than  most  of  the  persons  who 
criticise  them,  and  both  occasionally  make  mistakes. 
Still  it  is  always  welcomed  as  a  good  sign  when  our 
b«nks  are  able  to  insist  on  their  undoubted  rigHt  to  scru- 
tinize their  ooUaterals.  It  is  one  of  the  results  of  the 
panic  of  1873  that  the  discrimination  against  doubtful 
collaterals  is  so  severe  as  it  has  been  daring  the  major 
part  of  the  last  two  years.  With  the  slight  exceptions 
we  have  sagg^ted  there  is  not  much  movement  visible 
in  the  money  market.  We  observe,  however,  a  greater 
inclination  in  well  informed  quarters  to  look  for  some- 
what higher  rates.  As  the  busy  season  is  approaching 
when  the  demand  for  money  may  reasonably  be  expected 
to  improve,  there  is  obvious  reason  to  anticipate  that 
some  responsive  improvement  in  rates  will  also  he  seen. 
It  must,  meanwhile,  be  remembered  that  the  supply  of 
idle  capital  is  rapidly  increasing.  On  this  circumstance 
the  belief  is  founded,  which  rather  extensively  prevails  in 
bank  cirolMi,  that  the  rate  of  interest  will  rule  at  moder- 
ate rates  for  some  time  to  come. 

As  to  the  other  point,  the  rise  in  gold,  it  follows  so 
closely  npon  the  inflationist  resolution  at  Erie,  that  not  a 
few  persons  ascribe  the  one  to  the  other.  Certainly  the 
bulls  in  gold  have  availed  themselves  very  adroitly  of  a 
prominent  event  to  push  their  schemes  forward. 
Another  opinion  is  that,  during  the  last  ten  days,  a 
powerful  gold  clique  has  been  organized,  and  that  there 
is  in  the  market  a  short  interest  of  some  magnitude. 
Tlie  lending  rates  for  gold  yesterday  are  referred  to  as 
proving  that  the  clique  are  determined  to  "  squeeze  the 
bears."  On  the  other  hand,  there  is  a  rumor  which  has 
just  been  revived,  that  the  Syndicate  are  about  to  offer 
to  make  a  contract  to  take  200  millions  of  the  4^  per 
cents,  together  with  the  te0,637,660  of  Fives  which  are 


240 


THE   CHRONICLE. 


[September  1),  1876. 


Btill  remaining  under  the  contract  of  last  Spring.  On 
this  expectation,  taken  in  connection  with  other  circum- 
stances, the  theory  is  advanced  that  gold  will  not  ad- 
vance. As  to  the  truth  of  this  theory  we  have  nothing 
to  say;  but,  on  inquiry,  we  do  not  find  any  confirmation 
at  present  of  the  rumor  as  to  the  4^  per  cents.  The  whole 
of  the  5  per  cents  are  expected  to  be  soon  absorbed  by 
the  Syndicate,  and  a  promising  outlook  is  reported 
iibroad  for  the  future  of  our  government  bonds  and 
other  good  securities.  How  far  these  circumstances 
affect  the  prospective  movements  of  the  gold  market  is 
too  obvious  to  need  pointing  out. 

Oae  of  the  most  dubious  features  of  the  financial  situa- 
tion is  the  uncertainty  and  disquiet  which  prevails  as  to 
the  monetary  policy  of  the  next  Congress.  Everybody 
admits  that  in  proportion  to  the  activity  of  our  national 
production  will  be  the  rapidity  of  our  recuperative 
growth,  and  that  the  present  dulness  of  trade  cannot  be 
expected  to  pass  away  except  as  financial  confidence  is 
restored.  But  one  of  the  greatest  obstacles  to  this  revival 
of  financial  confidence  is  the  agitation  which  is  kindled 
all  over  the  country  by  the  currency  inflationists. 
Under  pretence  of  seeking  to  revive  business  these  paper 
money  men  are  really  taking  the  most  effectual  means  to 


late  rise  in  gold  are  symptoms  of  the  dulness  of  trade 
which,  though  due  to  various  causes,  is  being  fostered 
and  increased  by  every  agitation  which,  like  that  of  the 
irredeemable  money  men,  disturbs  financial  confidence, 
and  thus  hinders  the  flow  of  the  returning  tide  into  the 
channels  of  business. 


of  the  body,  so  a  disordered  currency  disturbs  raluM  and  deranges 
a)l  departments  of  industry.  All  this  derangement  may  be  pro- 
duced by  a  great  and  sudden  increase  ot  coin.  Witness  the 
remarkable  crisis  from  which  Prussia  is  now  suffering.  A*  the 
result  of  her  late  war  sliA  received  from  France  the  nnormons 
indemnity  of  |1, 000,000,000  in  coin  ;  and  it  wa»  paid  to  her  within 
the  period  of  two  years  and  a  half.  With  such  vaitt  resources, 
the  Government  commenced  the  building  of  extensive  public 
works,  and  thus  stimulated,  to  an  unusual  de);ree,  many  branches 
of  industry.  The  people  followed  the  example  of  the  Govern- 
ment, and  over-produeiion,  over-trading,  and  speculation  were 
the  order  of  the  day,  until  a  crash  came,  the  worst  Prussia  has 
suffered  for  half  a  century.  An  able  Prussian  writer  has  lately 
said  it  would  have  been  better  for  the  German  peoplo  if  not  a 
dollar  had  been  paid  by  France. 

Thus  far,  no  foresiglit  has  been  able  to  prevent  the  recurrence 
of  these  commercial  crises.  They  have  occurred  once  in  about 
twenty  years  in  this  country,  and  have  always  resulted  from  the 
same  causes,  viz.,  overproduction,  overtrading,  extravagance  and 
speculation,  carried  on  until  the  bubble  bursts  and  the  crash 
comes. 

This  is  a  specimen  of  the  nervous,  relentless  logic  by 
which  the  speaker  strikes  down  the  theory  that  panics 
are  caused  by  a  lack  of  currency.  But  why,  it  may  be 
asked,  does  he  single  out  this  dogma  for  such  special  as- 
sault. The  reason  is  that  here  is  the  key  of  the  citadel. 
If  the  inflationists  are  driven  from  this  single  position 
they  will  soon  lose  the  rest.  But  Mr.  Garfield,  like  a 
good  general,  advances  further.  Having  shown  that 
lack  of  currency  did  not  produce  our  late  panic,  he 
showed  the  true  causes  of  that  disaster.    These  causes, 


disturb  confidence  and  prevent  or  retard  business  recu  ,  ,,    ,  ,  j 

..  rpu         •  ..   J       *  iv,  1    ^      J   .V* 'TIS  our  readers  well   know,  were  that  we   converted   our 

peration.     The  quietude  of  the  money  market  and  the7»„      .  .,.  „'  ,  ,         ,.         ., 


GENERAL  GARFIELD  ON  SPECIE  PiYMEIITS. 

In  the  violent  commotion  of  opinion  which  is  so  indus- 
triously stirred  up  by  factious  theorists  on  the  cur- 
rency question  it  is  refreshing  to  turn  from  the  ignorant 
sophistry  of  the  inflationists  to  the  broad  views,  accurate 
knowledge  and  calm  statesmanship  which  are  displayed 
in  not  a  few  of  the  addresses  which  are  made  now  and 
then  on  both  sides  of  the  political  arena.  Governor 
Tilden's  utterances  on  the  subject  of  a  sound  currency 
may  be  cited  on  the  one  side,  and  on  the  other  we  have 
such  orations  as  that  delivered  by  General  James  A. 
Garfield  a  few  days  ago  at  Warren,  Ohio.  This  speech 
refutes  very  successfully  the  charge  that  financial  panics 
are  caused  by  a  lack  of  currency,  and  then  proceeds  to 
some  more  direct  arguments  in  favor  of  a  financial 
policy  directed  with  conserv'ative  judgment  and  pru- 
dtence  toward  specie  payments.  As  to  the  first  point,  the 
real  influence  of  currency  on  panics,  Mr.  Garfield  dis- 
cussed it  as  follows : 

It  was  said  the  present  distress  waa  caused  by  the  recent  con- 
traction of  the  currency.  This  declaration  \b  conspicuously  untrue, 
for  at  the  time  when  the  crash  came  in  September,  1873,  there  waa 
more  currency  in  circulation  than  at  any  time  for  several  years 
previous.  At  that  time  the  greenbacks,  fractional  currency  and 
national  bank  notes  outstanding  amounted  to  $740,000,000.  This 
was  twice  as  much  as  the  highest  amount  ever  pushed  into  circu- 
lation at  any  one  time  previous  to  the  war.  A  further  proof  that 
the  crisis  was  not  caused  by  a  lack  of  circulation  is  the  fact  that 
by  the  act  of  June,  1870,  the  banks  were  allowed  an  increase  of 
currency  to  the  amount  of  $54,000,000.  This  amount  would  cer- 
tainly have  been  issued  had  there  been  a  real  demand  for  it.  But 
when  the  crisis  came  in  1873,  only  about  half  that  amount  had 
been  issued.     The  business  of  the  country  had  not  called  for  it. 

It  is  the  invariable  lesson  of  history  that  a  great  increase  of 
paper  money  disturbs  values,  promotes  speculation  and  over- 
trading, hastens  a  crisis,  and  a(rgravate(>  its  effects.  In  the  three 
years  which  preceded  the  great  crash  of  1837  the  bank  note 
circulation  was  increased  nearly  50  per  cent.  It  rose  from 
$95,000,0000  in  1884  to  $149,000,000  in  1837.  In  1857  the  volume 
of  currency  had  been  expanded  to  the  highest  point  it  had  ever 
reached, and  when  the  crash  of  that  year  came  there  was  $215,- 
000,000  in  circulation,  which  soon  after  collapsed  to  $135,000,000. 
Ab  a  disease  of  the  blood  poisons  and  deranges  all  the  fnnctiong 


floating  capital  into  fixed  forms  faster  than  financial 
health  allowed.  We  lent  the  deposits  of  our  banks  for 
permanent  works.  We  built  railroads  at  the  rate  of 
7,000  miles  a  year.  "  Our  furnaces  and  mills  were  pushed 
to  their  utmost  capacity.  Capitalists  rushed  into  busi- 
ness on  the  rising  tide  of  prosperity.  New  furnaces  and 
mills  were  built  in  all  directions.  The  capacity  of  old 
ones  was  increased.  It  was  not  long  before  the  markets 
were  glutted,  but  still  the  work  went  on.  Mill-owners 
used  up  their  surplus  earnings  in  pushing  on  the  work, 
and  then  drew  on  the  future.  A  superficial  observer 
would  have  pronounced  this  the  happj* rally  of  prosper- 
ous industry.  He  would  have  pointed  to  the  neat  and 
comfortable  homes  of  miners  and  mill  hands,  and  to  the 
great  activity  of  capital  and  labor.  But  every  day  wit- 
nessed the  destruction  of  capital,  the  accumulated  earn- 
ings of  previous  years.  Every  ton  of  iron  thus  forced 
upon  an  overstocked  market  was  reducing  the  value  of 
the  whole  stock  on  hand.  Millions  of  capital  had  been 
wasted  in  starting  railroads  that  could  not  be  completed, 
and  in  completing  others  that  could  only  be  run  at  a  loss. 
Seven  millions  of  dollars  were  sunk  out  of  sight  amid  the 
snows  and  deserts  of  the  Northern  Pacific  Railroad." 

The  same  expansion  was  visible  elsewhere.  Some  of 
our  banks  lent  the  deposits  of  th<»ii-  customers  on  call  to 
companies  and  fiiTOs  that  could  not  repay  the  loans  on 
call.  The  money  had  been  spent  on  works  not  imme- 
diately productive.  The  capital  was  not  lost  any  more 
than  seed  cast  into  the  ground  is  lost  during  the  Winter. 
But  sometimes,  in  great  financial  operations,  the  interval 
between  seed-time  and  harvest  is  long.  So  it  was  in  the 
railroad  mania  of  England  in  1847  and  in  our  railroad 
panic  a  quarter  of  a  century  later.  "In  September, 
1873,  the  bubble  burst— the  great  firm  that  was  carrying 
the  Northern  Pacific  fell  in  ruins,  and  carried  with  it 
scores  of  other  roads.  The  greatest  consumer  of  iron 
ceased  to  be  a  conbumer;  the  fire  of  the  furnaces  went 
out;  the  mills  were  silent;  iron  was  a  drug  in  the  market; 
the  credits  of  iron  and  coal  men  had  been  so  extended, 
the  volume  of  their  own  paper  was  so  inflated,  that 
their  debts  could  only  be  paid  by  the  ruinous  sacri- 
fice of  past  accumulation.  If  $500,000,000  of  currency 
had  dropped  down  from  the  pky  into  the  hands  of  the 


Bi|itoml)«r  11,  1873.) 


TBE  CSROmCLE. 


241 


uron  maatera  they  oonld  not  have  kept  their  furnacea  and 
mills  at  vork  without  increasing  loss." 

S«ch  is  General  Garfield's  explanation  of  the  panic  of 

^873.     It  was  caused,  he  says,  not  by  lack  of  currency 

but  by  a  lack  of  capiul.    Tliis  substantially  agrees  with 

the  account  which  we  have  often  given  of  that  disaster, 

and  the  view  is  now  accepted  by  the  best  authorities. 

One  of  the  strongest  of  his  argoqents  against  inflation 
is  drawn  from  the  change  which  is  developing  in  modern 
methods  of  doing  business.  The  inflationists,  he  says, 
exhibit  "a  remarkable  ignorance  of  the  methods  by  which 
bosineaa  is  carried  on.  They  assume  that  currency  is  the 
chief  instrument  of  trade.  While  it  is  true  that  money 
is  our  great  measure  of  value,  it  is  by  no  means  our  great 
agent  of  exchange.  Nine-tenths  of  the  business  of  this 
country  is  transacted  by  means  of  bank  credits.  In  the 
month  of  February,  1871,  at  my  request,  the  Comptroller 
of  the  Currency  required  an  analjrais  of  the  transactions 
of  fifty -two  of  the  national  banks,  daring  six  consecutive 
days.  One  group  of  banks  was  selected  in  sei  eral  large 
cidea;  the  rest  were  cotintry  l>ank8,  away  from  railroad 
and  commercial  centres,  where  the  amount  of  carrenc}' 
used  would  be  larger  in  proportion  to  the  business  done 
than  in  the  cities.  During  the  six  days  named  the  fifty- 
two  banks  received  over  their  counters  in  the  usual  course 
of  business,  in  round  numbervi,  $157,000,000.  Of  this 
large  sum  only  119,000,000  was  in  aooey.  All  the  rest 
was  in  checks,  drafts  and  other  fonns  of  commercial 
paper.  In  other  words,  eighty-eight  per  cent  of  all  that 
bosineaa  was  transacted  without  aaj  actual  nae  of  money- 
Leaa  than  five  percent  of  the  vast  traaaaction.^  <>f  tLi  New 
York  Clearing-Uoaae  b  in  money." 

If  money  forms  so  small  a  part  of  the  m,»chinery  with 
which  the  bnsinesa  of  the  country  it  carried  on,  where, 
asks  Mr.  Ciarficld,  is  the  reason  for  aapposing  that  an  in* 
eraaaad  iaaiM  of  p^Mr  money  would  have  the  slightest 
•ffaot  in  stimaU4ing  trade.  II«  vmb  goea  further,  and 
points  to  the  history  of  the  papv  money  experim(>nts 
that  have  been  tried  in  this  oountfj  and  abroad,  to  ithow 
that  legal-tender  paper  money  is  an  explosive  and  danger- 
ous instmment,  which  has  never  failed  to  bring  instability 
and  diaaatcr  to  the  fiiMMnl  and  <— iiiiiii  nial  systems  of 
tlM  ooaatriaa  that  hava  adopted  tk 

We  regret  our  want  of  space  to  notice  Mr.  Garfield's 
admirable  argument  to  prove  that  the  Constitution  of 
the  United  State*  forbids  the  iaaM  of  legal-tender  paper 
money  in  time  of  pcaoa.  On  all  aides,  m  he  shows,  we 
mre  urged  on  towards  apccie  payments.  The  Oonattto- 
tion  forbida  as  to  recede  further  from  the  apede  ataad- 
•rd  by  the  iaeae  of  paper  money.  The  interests  of 
basiaeaa  aa  weM  aa  the  organic  Uw  of  our  jnris- 
pnideoce  demand  that  Congresa  abonld  make  the  stand- 
ard of  oar  currency  eqnal  to  coin.  Thb,  be  says,  is  "  the 
■attled  policy  of  the  Gdverument,  to  be  realized  not  by 
tay  aadden  dbock  to  booneaa,  hot  by  a  gradoal  and 
itmdj  appreciation,  which  will  stop  gold  gambling  and 
ipve  stability  to  valacs  and  stcadiaeaa  and  confidence  to 
^••i"**.  We  are  atanding  at  the  forks  of  the  road. 
The  one  is  the  path  of  honor,  of  public  faith,  and  leads 
to  peace  and  prosperity.  The  oUicr  leads  to  dishonor, 
repudiation,  broken  faith  and  to  financial  ruin,  far 
greater  than  we  have  yet  seen."  This  wholesome  teach- 
ing is  very  timely.  For  many  years  there  has  not  been 
a  period  when  the  pa{)er  money  inflationists  were  more 
busy  or  mora  daogerons.  Never  has  the  obligation  been 
so  strong  upon  the  frisnds  of  a  sond  currency  to  forget 
itTerences  and  to  unite  in  the  patriotic  purpose  of 
■-i-.;.-^.iig  the  threatened  li'e  oi  oar  financial  system. 


RAILROAD  EJBNI1GS  n  AlCl'ST,  AND  FROM  JANUARY  1  TO 
SEPTEMBER  1. 

The  priDOipsl  interest  in  the  earnioga  reported  below  is  in  the 
retanu  of  the  Central  and  Union  Pacific  roads,  as  these  are  the 
oaly  ones  wliose  securities  are  largely  dealt  in  at  our  Stock 
EUehsoge.  If  the  time  comes  soon,  when  the  current  montlily 
earnings  of  leading  roads  show  a  decided  increase  compared  witli 
last  year,  oor  readers  may  expeet  to  see  the  list  of  those  reportiag 
titeir  earnings  considerably  enlarged. 

The  nonih  of  August,  it  is  generally  believeci,  was  qaite  un- 
favorable  for  railroad  traffic.  The  large  grain  movement  which 
helped  the  Western  roads  in  Jaly  was  materially  checked,  and 
the  sluggish  condition  of  business  in  general,  together  with  the 
unrettsonably  low  rates  for  freight  and  passenger*,  all  worked 
diaadvantageously  for  the  railroads.  We  can  hardly  avoid  the 
conclusion  that  a  great  part  of  the  decrease  in  railroad  earnings 
during  the  past  year  has  been  brought  about  by  the  action  of 
railroad  officers  and  agents  in  quarreling  among  themselves,  and 
nach  making  rates  on  freight  and  passengers  which  were  designed 
to  injure  their  neighbors,  althoogh  killing  themselvea  at  the 
■tma  time.  Within  the  past  week  titere  have  l>een  Cincinnati 
people  in  New  Fork  on  tickets  at  $10  for  the  round  trip  here 
and  back— these  tickets  having  been  sold  in  Cincinnati  good 
for  use  till  September  15.  Sow  it  is  evident  that  such  rates  ars 
simply  suicidal,  and  stock  and  bondholders  can  hardly  look  oa' 
with  complacency  and  s«ethe  value  of  their  property  thus  frittered 
away.  In  the  present  instance,  we  believe,  the  "catting" 
wsa  eommeneed  by  the  Atlantic  &  Oreat  Western  connecting  with 
tka  Brie,  and  that  tickets  were  aotaally  offered  at  |9  and  a  frac- 
tion ;  at  least,  such  is  the  statement  of  a  gentleman  from  Cincinnati, 
who  should'  know,  and  if  there  is  any  error  in  the  ftct  we  sliall 
be  happy  to  correct  it.  This  particular  instance  may  not  l>e  of 
special  importance  in  itself,  but  it  is  worthy  of  notice  as  showing; 
one  pbas*  of  the  present  railroad  situatioo— namely,  that  the 
large  aomber  of  bankrupt  roads  throughout  the  country  now 
operated  by  receivers,  form  a  great  obstacle  to  the  ostabliabment 
and  maintenauM  of  regular  tarifib  for  business  which  shall  be 
skriatly  carried  out  by  all  the  contracting  parties.  Afteraiail- 
raad  has  gone  to  default,  there  is  necessarily  a  good  deal  of 
deaorallsalloo  about  iu  aO^iirs,  tlie  stock  loses  its  value,  and  the 
siraag  iodoossianU  of  honor  and  interest,  v-hich  were  previously 
broaght  to  bear  (or  preserving  the  credit  and  good  standing  of  the 
eompaay,  are  goae. 

WHhonl  daseeading  to  the  details  of  particular  timaa  and 
plaeea,  one  pdat  seems  to  be  certain,  and  that  is,  tUa^the  compe- 
ting nllrasda  la  all  parts  of  the  country  should  lay  aside  their 
hostilities  and  in  a  fair  and  liberal  spirit  combine  to  establish 
sad  kssp  op  soeh  rates  for  basinsas  as  will  ensure  them  a  reason- 
able oompensatkMi  for  the  aervieaa  renderad.  It  is  Uiur  now  for 
^gmiMiatka*  aad  not  for  farther  quarreling ;  and  with  a  decent 
ttguAoo^tt^pt^  oi  each  company  for  the  rights  of  its  neighbors, 
aad  ior  kesfiag  Us  owa  agieaaiaats,  thsre  is  no  doubt  but  that 
Iks  ibmrg'-g  eempsUtion  can  la  most  eases  be  stopped.  The 
fear  giMU  trunk  lines  from  New  York  to  the  West  have  set  the 
ipis  in  their  late  agnwment,  moderately  advancing  their 
It  is  to  be  hoped  that  other  roads  throughout  the 

eoaatry  will  follow. 

Atm.  from  the  meagre  reports  of  eunent  earnings,  there  are 
some  features  of  Intere*  la  regard  to  psrUoular  roads.  The 
New  York  Tribune  has  the  following  of  Uko  Shore,  though  the 
aathortty  therefor  is  not  sUtsd: 

W..r»fninUhrf  wlUi  th«  llgnrss  jflven  betow  as  UMspproxImstegfOos 
Jiyj^°|Sl  moaU.  of  A4o.^  wluch  compare  with  previous  r<«n  «• 

mT'.'^.    ..%iJM.9U\    IffH »f.4U.818|    18T9 »1.1«1.800 

The  sanilnKi  and  expenses  of  this  road  to  June  30, 1875,  we 

have  had ;  the  gross  earnings  from  July  to  December  In  each  of 

the  last  foar  years  were  as  follows: 

JniT         Aosast.    Sepiamber.  October.  November.  I><!eem1^. 

•!JS^5•  4lSlJ  •Ss  •ii^StS  'liJS:??:  *\-!^Z 

iri!nj4     iSmw     iTr4,M0     i,mi,«i5     i,«»,s«b 

j;»i;»J       l3l7,Ka       1.4IU,IS'.«       1,S58,M1       1,««,8M 

The  toUl  for  s'x  months  in  1874  was  thus  $8.4l>4,035,  and  If 
imed  that  the  company  will  show  an  average  decline 


1«:4 ,- 

1873 1,««.«M 

l»7« 1JM4.JM 

tSTt 14«.«W 


from  July  to  December  this  year  of  $160,000  per  month,  the  gross 
aamings  for  the  last  half  of  1875  would  be  $7,504,025,  which 
would  leave  $1,594,871  as  net  earnings,  allowing  79  per  cent  for 
operating  expenses— that  being  about  the  percentsgo  for  the  first 
aiz  months  of  this  year. 

The  Ontral  Pacific  report  for  the  year  1874  has  just  Uen 

issued  and  It  conUins  a  supplementary  statement  of  earnings  and 

*  sspeoMis  for  six  moathe  tQ  Jane  30. 1875.  which  shows  that  the 


242 


THE   CHR0NIC5LE. 


[September  11,  1876. 


net  evninfifa  for  first  half  of  this  year.were  $4^29,793,  a^^ainat 

$8,482,885  in  1874.     The  detaiia  by  months  are  as  foUowB,  the 

flgarea  beinK  given  in  mixed  coin  and  currency : 

Earnlnm  over 
.-Gkms  E«rnlnCT.->  ^-Operat'g  Exp'ees.— .  .— Oporat'e  Exp'8e«.— , 

1CM,I  lJ*K  layA  IMK  ^o-4  iCfrK 


1874 

Jamuty...  $795,798 
Pebmarr. .     751,38« 

March 8M,353 

AprU......  1,089,641 

May 1,422,518 

Jdm 1,880,031 


18i5. 
$891,2)2 

827,738 
1,033,704 
l,a5«,«78 
1,8S8,I>69 
1,602,900 


1874. 
$411,865 
361,941 
418.138 
408,582 
419,537 
400,888 


I87S. 

1874:- 

$485,239 

$:i83.948 

445,196 

889.444 

481,513 

405,818 

471,098 

621,059 

505.292 

802,981 

666,000 

879,648 

1875. 

$406,002 
882,542 
552,190 
779.180 

1,163,376 
916,500 


Totals... $5,903,630    $7,280,133    $2,420,744    $8,060,340    $8,482,885    $4,229,793 
The  earninga  of  the  Southern  Pacific  Railroad  of  California, 
during  Auguat,  were  $190,000  coin  : 


AtehiaoD,  Top.  A  Santa  Fe. . . . 

Central  PaciBc 

Cln.,  Lafayette  &  Chicago'.... 
Indianap.  Bloom.  &  West. .  . . 
International  &Gt.  Northern* 

Kanaas  Haciac 

Keoknk  A  Des  Moines 

Mo.  Kansas  &  Texas* 

8t.  L.,  Alton  <tT.B.(brancheB) 
8t  Lonls,  Iron  Mt.  A  Soathern 
UnionPaclflc 


>    ISARHtNGS 

1875. 

$150,000 

1,582,000 

22.212 

103,526 

65.487 

305,139 

67,418 

180,119 

40,406 

287.505 

1,061.000 


IN  ikUetrsT, 

1874. 

$112,681 

1,822,557 

28,156 

144,173 

51,111 

289,937 

6.3,309 

184,909 

0(1,039 

354,230 

1.042.416 


Increase. 
$.37,319 
209,443 


Decrease. 
$ 


1,376 

15,202 

4,139 


5,944 
40,647 


Total $8,801,842 

Netincrease 


$8,643,618 


•  Three  weelts  only  of  Augnit  in  each  year. 


33,275 
18,584 

$319,838 
$258,324 


4,790 
9,683 


$61,014 


OBOSB   ZABNINSS  rSOH    JAMDJtST    1    TO  AUSUST  31. 


1875. 
Atchison,  Topeka  &  Santa  Fe.       $a39, 123 
Central  Pacific 10,919,183 


240,092 
770,S29 
704,305 
2,a38,112 
531,773 


Cln.,  Lafayette  &  Chicago*.. 

Indianap.  IJloom.  &  West. 

International  &  Gt.  Northern* 

Kan>»a8  Pacific  

Keokuk  &  Des  Moines 

Mo.  Kansas  &  Texas* 1,632,863 

St.L.,  Alton  A  T.H.(branchee,'  353.149 
St.  Lonts,  Iron  Mt  &  Sonthem  2,145,894 
Union  Pacific 7,621,427 


Total     .   ... 

Net  increase 


1874. 
$787,985 
8,9.33,4«0 

281,561 
1,091,261 

692,848 
2,102,865 

432,334 
1,8«0,445 

338.532 
1,906,988 
6,456,191 


$27,796,755     $24,884,461 


Increase. 

$51,143 

l,983.7;ffl 


11,459 


14,627 

238,9;i6 

l,lt5,236 

$3,566,533 
$2,912,294 


Decrease 
$.. 

4l',472 

320,432 

64,753 
!Hn,68» 


$664,239 


*  Three  weelcs  only  of  Angast  in  each  year. 

The  following  companies  have  recently  reported  their  earnings 
for  July : 

SROSS  EARNniOS  IN  JOLT. 


Indianapolis  £  St  Louis 

Mobile&Ohio 

Philadelphia  &  Erie 

St.  P.  &  S.  C.  &  8.  C.  &  Bt  P. 


1875. 

$109,488 

102,101 

322,837 

84,064 


1874. 

$145,811 

119,047 

313,615 
70,851 


Increase. 
$ 


9.222 
13,183 


Decrease. 

$36,323 

16,946 


Total $618,490 

Netdecrcase 


$649,354          $22,405  $5.3.269 
$30,864 


OBOSS    EARIONOS  FROM  JANUART   1    TO  JULY   31. 


1875. 

Indianapolis  &  St.  Louis $864,574 

MobileiOhio 

St.  P.  &  8.  City  &  S.  C.  &  St.P 


885,436 
389,434 


Total $2,186,444 

Netdecrease 


1874. 

$927,317 

1,803,317 

444  310 

$2,574,944 


Increase. 
$ 


Decrease. 

$62,743 

317,881 

....  .'57,876 

$ $433,500 

$438,500 

The  net  earnings  of   the  Atchison,  Topeka  &  Santa  Pe  Railroad 

for  the  month  of  July  were  $65,593,  against  $54,693  for  July,  1874. 

being  an  increase  of  $10,900.     Tiie  net  earnings  of  the  same  road 

for  the  seven   months    ended  July  31,    were    $359,840,  against 

$371,704  for  the  corresponaing  period  of  1874,  showing  a  decrease 

of  $11,864.  For  August  the  net  earnings  are  estimated  at  $100,000, 

against  $66,207  for  Aagust  of  last  year,  thus  showing  an  increase 

of  $33,793.  The  net  earnings  of  the  Philadelphia  &  Erie  Riilraad 

for  July  were  $120,413,  being  an  increase  of  $38,089  on  thone   of 

last  year. 


Mining  Stocks  in  San  Francisco.— The  following  table 
gives  a  list  of  the  principal  mines,  the  stock  of  which  is  dealt  in 
on  the  San  Francisco  Exchange,  the  nominal  capital,  the  total 
amount  oJ  dividends  and  assessments,  and  the  ground  owned  by 
them : 

Name.  Capital. 

California $54,000,000 

Savage 11.200,000 

Belcher 10,400,U00 

Alpha  Consolidated 3,000,000 

Consolidated  Virginia 10,800,000 

Mariposa  Land  &  M 15,000,000 

CrownPoint 10,000,000 

Eureka  (California) 2,000,000 

ChollarPotOfi 2,600,000 

Caledonia '-',000,000 

Empire 6,000,000 

Justice 10,000,000 

OouldA  Curry 10,8ii0,C00 

Julia .  3,000,000 

Hale  &  NorcrOBS 1,600,000 

Overman 4,000,000 

Imperial 10,000,000 

Kentuck 3,000,050 

Ophir 10,0!<0,000 

Yellow  Jacket 2,400,000 

Meadow  Valley 6,000,000 

Best  A  Belcher .. :0..SIK),000 

Kaymond  &  Ely 3,000,000 

Sierra  Nevada 10,000,000 

Consolidated  Amador. 3,000,000 

Northern  Belle  (new)    5.000,i  00 

Eureka  Consolidated 5,00'J,UOO 

Baltimore  Consolidated 8,400,000 

Bnllion ^ 10,000,000 


Dividends. 

Assessments. 

Feet. 

$.-.... 

$ 

eco 

4,460,000 

1,994,000 

771 

17,135.000 

660,400 

1,040 



160,000 

■m 

9.710,000 

411.200 

730 

•^00,000 

13m. 

14,588,000 

6-J3,370 

600 

2,094,000 

1,6«0 

5,080,000 

882,600 

1.400 

880,000 

2,188 

713,500 

4t)i),400 

75 

660  000 

■2.100 

3.826,«)0 

1.532,000 

933 

5,0.000 

3.0(10 

1,598,000 

l,b!ir,000 

.100 

1,800,000 

1,200 

1,887.500 

1.4711,000 

184 

1,252,000 

270,C0O 

95 

1,491.400 

2.034, 1(10 

:.ooo 

2.238,000 

2,1,S4,000 

9.>7 

1.200,000 

270.000 

1 '1(1,00(1 

.1 10 

.3,076,000 

4'2fl,fl00 

6,000 

102,500 

900,000 

•2,640 

4,210,000 

N  t. 

1.S5'' 

150,000 

Net. 

1.600 

i(50,000 

Net. 

489,0PC 

1.050 

1,800,000 

.943 

Cateat  Jllonetarg  onir  (Commercial  (Englial)  Neroa 

RA'rB9  OF  BKOHANOB  AT  LONUON,  AND  ON  LONDON 
AT  liATBST  DATES. 


BXCHANGX  AT  tONDON— 

AUGUST  27. 


Amsterdam . . 

Antwerp 

Hamburg 

Paris 

Paris 

Vienna 

Berlin 

Frankfort 

St.  Petersburg 

Cadiz 

Lisbon .... 
Milan... 
Genoa,...  . 

Naolea 

New  Vork  . 
Rio  de  Janeiro 

Bahia 

Buenos  Ayres.. 

Valparaiso 

Pernambuco  . . 
montevideo... 

Bombay ». . 

Calcutta 

Song  Kong... 

Shanghai 

Penang 

Singapore..     . 
Alexandria 


8  months. 


BAH. 


I2.0I)<ai2.02 

25.45     S.ii.m 

25.59     @25.63 

125.40     a25.47>i 

short.    '25.i;)iaS5.25 

3  months.  11.40    ®11.46 

25.59     @25.63 

25.59    g85.6S 

»2«a32i< 

27.42>^p7.47>tf! 
27.12xaS7.47ii 
27.42>s,aS7.47K 


90  days. 
3  months 


a<.  nxd. 

6>.  (tXK. 


EXCHANGE  ON  LONDON. 


LATEST 
DATE. 


Aug.  28.  ,  short. 


Ang.  28. 


Aug.  27. 


Aug.  26. 
Aug.  26. 
Aug.  19. 
Aug.  16. 


Ang.  25. 


o  mos. 
short. 


8  mos. 
short. 


3  mos. 


Smoe. 


6  mos. 


3  mos. 


11.96 
25.20 
20.29 
25.16 

liilso 

20.3'J 
20.S9 
81  1-16 


$4  87 


1*.  10V<*. 
1«.  10  8-16<i. 
4«.  Id. 
6«.  -Did. 


9tV 


[Prom  our  own  correspondent.! 

London,  Saturday,  Aug.  38,  1875. 
The  supply  of  money  seeking  employment  continues  very  large, 
and  the  rates  of  discount  have  continued  to  show  a  downward 
tendency,  but  as  it  is  not  the  practice  of  the  Bank  of  England  to 
reduce  their  officinl  jntreimMOT  below  3  per  cent.,  no  change  had 
been  made  by  the  Bank  authorities  this  week.  The  return  issued 
on  Thursday  was  a  very  satisfactory  statement.  The  proportion 
of  reserve  to  liabilities  is  now  as  much  as  55J  per  cent.  The  sup- 
ply of  bullion  amounts  to  £39,327,905,  against  £33,078,119,  while 
the  reserve  of  notes  and  coin  ia  £16,399,635,  against  £11,745,344 
last  year.  As  indicating  how  great  is  the  supply  of  unemployed 
capital,  it  may  be  noticed  that  the  total  of  "other  deposits"  is  £35,. 
238,537,  against  £19,531,233  last  year,  £19,378,806  in  1873,  and 
£19,307,563  in  1873.  The  ease  of  the  money  market  seems  likely 
to  continue,  and  the  demand  for  sound  dividend-paying  securities 
may  be  expected  to  remain  active.  Scarcely  any  new  schemes  are 
now  being  brought  forward,  and  it  seems  doubtful  if,  in  the 
present  temper  of  the  public,  any  encouragement  would  be  given 
to  them  if  they  were  introduced  to  public  notice.  During  the 
grain  season,  now  about  commencing,  we  shall  undoubtedly  have 
to  pay  higher  pricei?  for  wheat,  but  although  our  crop  ia  below  an 
average,  yet  it  is  not  sufficiently  deficient  to  necessitate  any  great 
rise  in  prices.  We  are  not  likely,  it  seems,  to  have  any  serious 
competitors  in  the  producing  markets,  and  consequently  we  aotici  - 
pate  obtaining  what  we  require  on  reasonable  terms.  No  doubt, 
we  shall  have  to  pay  about  ten  shillings  per  quarter  more  than 
during  last  season,  but  even  that  advance  will  have  but  little  effect 
upon  our  money  market,  as  the  improvement  established  ia  from  a 
point  onuaually  low.  The  quotations  for  money  are  now  aa  fol- 
lows : 

Per  cent.  I  Per  cent. 


4  months' bank  bills lH&lJi 

6  months'  bank  bills 1%<S2X 

4  and  6  mootha'  trade  bills.  2    ^S 


Bank  rate 

Open-market  rates : 

30  and  eo  days' bills IXaiH 

8  months' bills l>iaiK 

The  ratea  of  interest  allowed  by  the  Joint-siocK  .^anks  and  dis- 
count houses  for  deposits  remain  aa  follows : 

Per  cent 

Joint-stock  banks 1    @ 

Discount  houses  at  cidl 1    (^.  . 

Discount  houses  with'?  days'  notice IX®  •■■ 

Discount  houses  with  14  days' notice...   _ t}i&.... 

Annexed  is  a  statement  showing  the  present  position  of  the  Bank 

of  Bngiand,   tUe   Bank    rate   of    discount,  the    price  of   Consols, 

the  average  quotation  for  Gnglish  wheat,  the  price  of    Middling 

Upland    cotton,    of   No.    40    Mule    yarn    fair    second    qualii} , 

and   the    Bankers'    Clearing   House   return,  comparec}  with   the 

four  previous  years  : 

1871. 
Chrcuiation,   including       £ 

bank  post  bills 25,881.497 

Public  deposits 5,i01,S05 

Other  deposits 28,047,809 

(^vcrnment  securities.  :3,96S,3(i8 

Other  securities 16,I28.6(») 

Reserve   of  notes  and 

coin 15.196,108 

Coin    and  bullion   ir 

both  departments....  25.044,463 
Bank-rate 2p.  c. 


1872. 

1878. 

1874. 

1875. 

£ 

£ 

£ 

£ 

26,184.308 

26,152.981 

26,723,52-i 

28,300,027 

7,766,445 

6,412,515 

4,3:34.775 

4,098,246 

19,207.561 

19,27;<,H06 

19.521.'3?2 

25.238.,V)r 

13,3D«,411 

13,.300,388 

l.J.5i)i,013 

13,48tu«52 

19.716,502 

17,606,589 

16,880,097 

17,769.676 

12.363,741 

13,818,865 

11,745,244 

16,399,635 

23,11»,'281 

24,085,225 

28,078,119 

29,.?27,905 

8«  p.  C. 

3p.c. 

Sp.c. 

2  p.  C. 

September  11,  1876] 


THE  CHRONICLli. 


243 


Oonaoia 

laxlUhwhMt 

Mia.  UpUndeottoa.... 
No.MmaUTkrnfall  M 

\UMUtT It.  IVi 

OUvlac  H<MM  ratan.  n.l»C00O 


un. 

91-lld. 


isn. 
«oi.  ad. 

*  15-lM. 
U.  SWd. 


isn. 

MX 
•0».  Id. 
gU-16d. 

It.  IXd. 
90,061.000 


ISM.  1875. 

Si:  Id!      ta<.  o3I 
8](d.     n  l-16d. 


U.  Okd. 

8a,s«s!ooa 


•lid. 

so.  001.000 


•  PriCM  Aagaat  IS. 

The  rMM  of  maanj  at  tha  leading  citina  abroad  ara  as  follows 


BaakOv«B      i 
rate,  laarkat.  | 


ParU 

Amctardaa . 
Buabors.. 

BwUa 

Fraskfbrt. 


ViMiaaud  TrlaMa..  . 
Madrid.  CulU  and  Bar 


par  eaat.  pareaat. 

4        SK      iBnuaaia 

...  (  8  I  Tarin,  noraaea 
*H      I     Rome 

t         4  I  BrvoMa 

>      *yi     luipsif 


Baak     Opaa 
rata,  oiarket 
paieaat.  parcest 
....      *         »X 


U  aboa  aad  Oporto 
St.  PatanbeiK 


*)t     W 


ir.;inu.-: 


i 


3]( 
*M 


SsSaU:-:.-..    .-    » 

Tba  only  demand  for  gold  for  export  ia  oo  Datch  aeooont,  and 
ia  therefore  to  a  small  extent.  The  arrirala  hare  been  animportant, 
aad  eonsrqaently  nothing  of  imporuoee  haa  transpired  in  this 
department.  Silver  is  6nii«r  and  a  higber  priea  haa  alao  been 
obtained  for  Mexican  dollars.  The  steanaar  fof  the  East  haa  taken 
oat  £398.430  In  siWer  and  £(V4.70O  in  Bfaxiean  dollars.  Annexed 
ara  the  qootatiwna  for  bullion : 

d. 


.p«l 
.par« 


a.    d. 

n  • 
TT    « 

TT  U 


stLTaa 
...par  uE. 
Sola,  .par  or 


pares.    «    IKO  . 

a.  a.    d.       a. 

•uodard.  aasraat.  UK      A  , 

or.     do       n  l-uZ 

.peraa..la«lpr1<a  56)i  A. 
,per  OB.  aeos  hara  ....  A. 
pasoa.  f 


d. 


Bar  Gold 

Bar  Oold,  tasT 

Bar  Geld 

■oath  Aasrieaa  DoaMoeas . 
nalladMalasfloUO'**"    .. 

BarSllrar.  riaa ... 

Bar  SIlTar.  eoatalnlac  6  tn. 

MazleaaDolUn 

Spaalah  DoUan  (Carol aai. ... 
Plrs  Fraac  Plaeaa 

Tha  stodt  markew  hara  baaa  qoi^t,  partly  owlag  to  the  abaenee 
o<  BUBSSfMM  msmbeta  of  the  Stock  Ksehange  from  town,  anl 
pwtly  baeanae  of  a  Urge  saetkni  of  the  pablle  baiay  on  hoUilajr 
eseofslons.  The  news  fmm  Bosnia  and  HaraeiprrlD*  balng  mora 
satiatactorj,  a  firm  tone  haa  preTsilod,  bat  the  pnblle  atlH  pay 
attention  chleflj  to  soaod  dlTidend-pajiag  aaesrltiaa.  Haaea 
British  Railway  noek*  eoMtloan  rrry  lira,  aad  a  fnrthar  Miraaee 
In  tbair  Talon  haa  beoo  asiabliahrd.  Tka  laadiag  naapaeohUlTe 
foreign  alaaka  liava  also  l>ern  io  deoiaDd  aad  ara  Ink  bla  Ball- 
way  booda  show  ladleatloaa  of  reeoTary.  Tb*  tieibtf;  prteea 
of  eoaaola  and  tha  priadpal  Americaa  saMitUaa  at  to  day's  market, 
eonpared  «rlth  those  of  Tr^«rday  week,  wata  aa  iollowa : 


Do 
Do 
Do 
Do 
O.  S.  l8R.*tn  JtUBO  laa.  la  P*.  tt.'as,  Ah 

Do     as 

Dohndsd.ls... 
Do  MMtLSa 


Do 
Do 
Do 
Do 


«e   M  . 


Do 

Do  b                              ' 

5a  sa. .......... ........ 

Oo         te , 

Do  (a 

Da  V,  MripaBd  bead*. 

VirilaU  0kirk  Sa« 

Do         Raw  faadarl  Ss 


AOsaOe  A  Or«t  ir( 
Do 
Do 


ad  amt.,  fl.ouo MM 

..TS....IMI 
•t.MU 


AJfaUOAN  RTSBLIICa  BOIISa. 

Kadm. 

AllegtaenT  Valler.  guar,  by  Penn.  R'y  Co 1910 

Atlaatic  A  Ot.  Wattem  consol.  mort.,  Biaclioff. 

carta,  (a),  7a 1890 

Aslantte  *  Qt  W..  r«.or«anluttoii  rcrip,  1». .  .1874 
Do.  do.       laaiad  llnea  reotil  tmit,  7b.  1902 

Do  do.  do.  1873,7a.l!W3 

Do.  do.       Wastam  exten.,  Ss 1876 

Do.  do.  da  7b,  guar,  by  Krle  E'y. 

Balttmoie  *  OUo,  (a 189S 

Do  la 1901 

^  .      Do.  (a 1910 

BarliBat«>CadarBM>idiAMliuieaoia,7k 1901 

Datro  *  Ylnoennea,  fa 1909 

ChletiP)  A  Alton  atarUng  eonBoI.  mort,  «a.  . .  1908 
Chicago  A  PadBcsb  1st  Diort.  gold  bonds,  78. .  .19(8 

CleTeiiuid,  Coiumbna,  Cln.  A  lod.  con.  mort 

KMtam  Railway  ur  Maaaacbiuatts,  b  1888 

Crie  eoarertlble  bond%  OS 187S 

Do.  cons.  mart,  for  codt.  ot  exiatlog  bonda,7t.ll«0 
Do.  Mdtnd  mort,  7a    ....  1894 

Oilman  Cttntoa  A  Sprhigfleld  ist  'mort.'Kai7s! '.  1900 
nitawla  AStLoalsBridige!Btmort.7s. 1900 


Aug.  10. 

KS  it  91« 


Do. 


do. 


ldmoct.,TS 06 


-~       ..catWisafira  Orscoa  dItV.  ist 

i>S5«Tiffi!lsksai*%;e;ii;i«;.'7;.::::".::;S 

^.   -.J*.  ld»«rtisi«,»B JfM 


MM  »M     MXf  85N 


m 

46 

m 

i46 

2* 

!I* 

II 

>MW 

M 

iM 

» 

.M 

a 

i«0 

M   < 

.41 

n  1 

;S 

m  < 

,7S 

n 

MM 

>»x 

• 

.» 

M    1 

,90 

••  4 

ii« 

«  4 

ku» 

S;Ti'-"_  ■■"■•■oairsai, T» HH 

0»ageaA<W>rag.ist««tt.7»  :  :.  .:iiw 
-  *»  .ywaMsttUsMait^a  Reealpta.  x  ca^ 
■^aasynasM,  MO  akssas ..  .  ^^ 

S?^xi2»2!rK:rtt""-.... 


•Mj,!  mx 

M    I  >B 
M    (  iM 


IMMi 


61 


n 


|96 


M 
48J(S4«X 


•  b  t  eoapoBs,  Jtasarr.  IMI;  m  /,xj.  Mid. 


{....  m  MIM 
n  9«  Sm 
94      n  Sm 


minoia  Cantral,  alnUng  tand,  Sa      1903 

Do.  do  8a.' _ 1896 

nitoola  Mlaaoori  A  Taxaa  iBt  mort.  lb 1891 

Leblgfa  VallavoooaoL  mart. '■A,"  M 

LoaiarUleAHaahTma,  6t 19ul 

Mampbis  A  Ohio  Itt  mort  7b  1901 

MUwankee  A  8t  Paal.  Itt  mort  7s .  1901 

Maw  York  A  Oaoada  R'wsy  xnar.  by  the  DeJa- 

wara  A  Hadaun  Canal  acH].,  Da 1904 

IT.  T.  Oaatnl  A  Hodaon  IUt.  mort  bonds,  Sa.  .1908 
Ilartbara  Oantial  B'wmy.  conaoL  mort,  ta. . .    19U 

S»;^ie»«»laioetfage,Ta 18V7 

Parla  A  Daestar um 

PaaBsylraalaaanaralmort  la 1910 

Do.  eonaoLalnk'gfnndmortto...  .1906 

ParktaoMB  coa.  mart  (Jane  rat  goar.  by  Phil. 

AKaadlBg,  ta laii 

PUl.  A  bla  1st  sort  (gosr.  by  Pemi.BB.)  Oa.  .1881 
^„Oo  witkoptloatobepald  lnPhU.,«a  ... 
J*n.  A  Ma  can.  sMrtCnar.  by  Pann.  RaXa.1910     88 

Phil.  A  BMilTst  ■■aral  eoaaol.  mort  la 1911    10* 

Da  fiv-Bort.la 1887    lOlJ 

.      .5^     .    ««B.  mort,  1874.  ecrip,  B-s 

8eBlhAIIo<1bilAaaiaboDds,6a...... 

St  Iflala  Taaaal  latjnort  (guar,  by  tha  Illinois 

A  St  Uwls  BddailOa)  9a 1888 

UaloaPadScBalliraT.OinaU  Bridge, as..  .1896 
Uallad  Mew  Jtrsay  atUosy  and  Oaial,  M ISM 

Da  da  da         da  to 1901 

The  weather  haa  been  fine  daring  tha  week,  and  a  large  qaantity 
of  grain  has  been  carted.  Aa  regards  wheat,  the  yield  is  certainly 
below  an  arerage,  not  only  on  aoooant  of  a  dindniahed  yield  per 
acre,  bat  also  on  aoooant  of  the  radaced  qaantity  of  land  ander 
oulliTation.  In  some  of  the  markata  held  daring  the  week,  a 
amall  radnetioa  In  tha  valae  ot  wheat  ia  qaotad,  bat  sound  prodaoe 
ia  held  with  llrmneaa.  The  arrivals  at  market  up  to  the  pieaent 
Uma  hare  bet>n  of  uoaatiMfactory  qaality. 

Tha  following  annual  acooanla  regarding  thecrops  should  cheer 
op  many  a  foreign  grower  of  wheat,  aa  they  point  to  the  conclasion 
tliat  daring  the  aeaaon  of  1875-0,  we  shall  require  large  suppllaa 
of  foreign  prodnca.    Mr.  T.  C.  Seott,  writea : 

Probably  in  no  preceding  seaaon  haa  there  been  such  a  transition 
of  proapacta.  Up  to  the  end  of  May  the  grass  crop  was  despaired 
of,  whlla  appaarancas  JDStlfied  tha  moat  sanguine  hopea  in  regard 
to  oar  eareai  and  pulae  eropa.  Snhaequent  rains,  although  they 
spoiled  mnch  hay,  have  produced  abundant  keep  throughout  tha 
summer,  and  Improved  tne  oat  crop,  which  di-lighta  In  moisture, 
bat,  at  the  same  lime.  In  ooajnnctlon  with  late  spring  fiosta, 
they  liave  materially  Injured  wheat  and  barley.  From  o<oaa 
obaervatlans,  and  the  result  of  threahiogs  qot,  I  am  led  to  the  con- 
dnalon  that  the  produce  of  iMth  these  crope  will  be  2.'}  per  cent 
baiow  aa  average  In  quantity,  and  8  per  cent  in  welgbt  and  quality. 
Probablv  together  they  ooeupy  aa  equal  area  to  last  rear,  but  that 
oeeapiad  by  wheat  ia  undonbtedlv  laaa.  and  the  barley  area  proper. 
Uooalaly  greater.  Aasuminf  the  former,  instead  of  8,883,000 
aeras,  aa  It  was  last  yrar,  to  be  ZJSOOJOOO,  and  the  yield  at  23 
boahehl  aa  acre,  the  gross  produce  would  be  only  0,629,000  quar- 
tara.  probably  the  smallest  within  the  memory  of  man.  The 
dafldeocy  for  eoDsumplioD,  uking  it  at  the  minimum  rate  of  23 
million  quarter*,  woulj  then  be  ISi  million  quarters,  constituting 
tba  larcest  demand  for  foreign  supplies  on  record.  Barley,  which, 
probably  coram  8,800,000  acrea.  instead  of  H  millions  aa  last  year, 
ta  anirMM|^Uaeolored.  and,  from  promising  to  be  an  extra  crop, 
is  now  WtK^o  turn  out  a  deflciant  and  inferior  one.  Foreign 
Importatiooa  cannot,  aofortunately,  aa  in  the  case  of  wheat  and 
cats,  remedy  the  defects  of  home  growth,  aa  very  little  foraig» 
bsirley  la  cgovertible  ioto  the  finer  qualities  of  malt.  Our  great 
palo-ale  brewers  are,  tli«refore,  likely  to  be  at  their  wita'  end  for 
an  adequate  supply,  and  fine  samples  of  barley  will,  no  doubt, 
command  aa  high  If  not  higher  prioea  per  bushel  and  per  lb.  weight 
than  wheat,  as  they  did  last  year.  The  exhaustion  of  the  stock  of 
old  hay  and  the  Inferior  quality  of  the  new,  will  enhance  the  value 
of  oata,  and,  lortnnately,  the  crop,  from  at  one  time  appearing  a 
failure,  haa  coma  up  to  nearly  an  average  both  in  this  country  and 
In  Irsland,  and,  as  the  area  exceeds  that  of  wheat,  and  is  nearly 
0B«  half  graatar  tban  that  under  barley.  It  Is  specially  fortuoata 
tUs  aeaaon.  Roots  are  everywhere  abundant,  but,  astbey  require 
the  aeeompaaiment  of  fodder  for  the  maintenance  of  live  stock, 
and  aa  this  Is  defldent  and  inferior,  I  would  strongly  recommend 
the  whole  being  converted  into  cbafT and  spiced,  and  straw  sub- 
atltntad  (or  It,  Aa  the  area  appropriated  for  hay  in  tba  United 
Kingdom  ia  over  five  million  acres,  the  loss  on  this  large  extent  of 
laaa  thU  year  may  so  far  be  set  down  at  from  10  to  15  millioDB 
of  money.  Potatoes,  too,  are  everywhere  rapidly  decayiog,  on 
aoooant  oi  tha  damp  stata  of  the  ground,  and  I  fear  there  wiU  be  a 


244 


im*  cmoNictk 


[September.  11^  1875. 


poor  residue  to  lift  isk  tbeantutnn.    .Qa,  tlie  trbole,  therefore,  I 
coDsMer  this  will  be  a  very  mixed  agricultaral  year. 

Mr.  James  Cairo,  gays  : 

As  thresliing'  proceeds,  and  the  yield  of  a  seemingly  bulky  crop 
begins  to  be  proved,  there  pan  ba  no  donbt  that  the  wheat  crop  is 
much  below  that  of  lust  year,  and  less  than  an  average  crop. 
The  beet  qunUties  of  wheat  and  the  best  wheat  counties  are  this 
year  tho  moat  deficient.  In  one  trial  of  <i  heavy  crop  made  for  me, 
the  proportion  of  tail  to  good  wheat  was  three  tlme.«!  greater  than 
last  year.  The  soundest  crops  are  on  the  western  side  of  the 
country,  from  Somerset  to  Ayrshire.  The  discolored  and  defective 
run  along  the  whole  eastern  sea  board,  from  Kont  to  East  Lothian, 
And  include  the  principal  wheal  counties,  and  about  five-sixths  ot 
the  ^rheat  area  of  the  kingdom.  The  returns  of  acreage  are  not 
yet  ready  for  publication,  and  it  would  certainly  be  more  prudent 
to  wait  for  the  facts  which  they  will  disclose  before  offerings  a 
flQal  estimate  of  our  requirements.  But  the  certainty  of  our  need- 
i|)g«  larger  supply  frooi  abroad  makes  me  so  far  anticipate  the 

Sablication  ot  the  returns.  That  they  will  show  a  considerable 
iminatlon  on  the  extent  of  last  year  I  cannot  doabt.  The  wheat- 
odwing  season  was  not  over  favorable,  and  the  much  higher 
liislative  prices  of  barley  and  oats  offered  every  induoemeut  to  the 
ertension  of  the  latter.  The  Irish  acreacre  returns  for  1875,  just 
issued,  show  a  diminution  in  wheat  of  11  per  cent  from  137i,  a 
proof  that  the  causes  mentioned  have  largely  influenced  the  Irish 
farmer*,  and. will  to  a  certain  extent,  though  not  pearly  so  great 
ail  extent,  have  influenced  ours.  Under  the  doable  influence  of 
deficient  yield  and  diminished  extent  it  will  be  prudent  to  reckon 
on  a  reduction  in  the  total  yield  of  2,000,000  quarters,  which  Is 
equivalent  to  rendering  us  dependent  on  the  foreigner  for  OJ 
instead  of  5i  months'  consumption.  The  benefit  to  the  consumers 
in  this  country  of  a  good  harvest  can  now  be  definitely  stated  by 
tl»  realized  result  of  that  of  1874:  This  is  the  only  country  in 
which  foreign  corn  can  always  meet  with  a  market,  and  iu  a  year 
such  as  the  paat  the  abundance  of  all  foreign  countries  found  this 
the  only  outlet,  The  weight  of  foreign  corn  of  every  kind  import- 
ed during  the  last  two  harvest  years  ha?  varied  extremely  little, 
being  in  round  numbers  4,500.000  tons  and  4,000,000  tons  respec- 
tively. The  cost  of  this  in  1873-4  was  54  millions  sterling,  and  in 
1874-5  45  millions  ;  the  larger  supply  of  the  past  year  thus  costing 
about  nine  mUlions  less  than  the  somewhat  larger  import  of  the 
previous  year.  To  this  diflFerence  must  be  added  a  considerable 
8a,ving  both;  iq  the  quantiiy  and  price  of  foreign  potatoes 
imported.  When  we  add  to  that  the  saving  in  the  cost  of  the 
home  supply  of  corn,  the  total  gain  to  the  British  consumers  from 
he  fine  harvest  of  1874  cannot  have  been  less  than  20  millions 
sterling. 

:!  Advices  from  Paris  state  that  the  harvest  in  Prance  this  year  is 
fiatlgfactory,  though  inferior  to  that  of '1874.  It  is  very  good  in  13 
departments— Finistere,  Manche,  Orne,  Oise,  Cote  d'Or,  Cher, 
Saone  et  Loire,  Ain,  Rhone,  Loire,  Puy  de  Dome,  Haute 
Loire,  and  Charente  Inferieure.  It  ip  good  in  26  depart 
meats— Morbihan,  Mayenne,  Sarthe,  Maine  et  Loire,  Deux  Sevres 
Loir  et  Cher,  Vieupe,  Indre,  Creuse,  Correze,  Dordogne,  Seine 
Inferieure,  Pas  de  Calais,  Nord,  Atsne,  Ardennes,  Marne,  Meuse, 
Meurthe  et  Moselle,  Vosges,  Doubs,  Jura, Nievre,  Aveyron,  Hautes 
Pyrenees,  and  Pyrenees  Orientales.  It  is  tolerable  in  15  depart- 
ments— Cotes  du  Nord,  Calvados,  Eare  et  Loir,  Seine,  Seine  et 
Oise,  Seine  et  Marne,  Loiret,  Indre  et  Loir,  Haute  Saone,  AUler, 
Haute  Vlenne,  Cbarente,  Cantal,  Drome,  and  Corsica.  It  is 
mediocre  in  24  departments — He  et  Vilaine,  Loir  Inferieure,  Ven. 
dee.  Bare,  Somme,  Yonne,  Aube,  Haute  Marne,  Haul  Savoie,  Isere, 
Hautes  Alpes,  Basse  Alpes,  Var,  Ardeche,  Lozere,  Herault,  Aude 
Ariege,  Lot,  Qers,  Lot  et  Garonne,  Gironde,  Landes,  and  Basses 
Pyrenees.  It  is  bad  in  7  departments— Haute  Garonne,  Tarn  et 
Garonne,  Tarn,  Qard,  Vauoluse,  Bouchps  du  Rhone,  and  Alpes 
Maritimes.  It  is  evident,  therefore,  that  the  crops  in  the  north 
are  better  than  those  In  the  south,  but  the  floods  of  course  have 
much  to  do  with  this. 

The  following  figures  show  the  imports  and  exports  of  cereal 
produce  into  and  from  the  United  Kingdom  since  harvest,  viz., 
from  September  1  to  the  close  of  last  week,  compared  with  the 
corresponding  period  in  the  three  previous  years  : 

IMPORTS. 

.„  1874-6.  1873-<.           18H-8.  187I-J. 

Wheat CWt.4S,)64.145  42,335,100  45,0C6.aC2  38.6.'31,40l 

Barley 1.3,032  101  8.470,062  12,950,9.51  11,980  210 

Oats,...:......, 10,961,778  10,569.712  12,487,835  10,806.458 

Peas 1.8)1,347  1,451.748  1.418,963  1.092.9TI 

B^VU 2,932,093  8,567,5-9  2,691.472  3,347.855 

Indian  Com I6,585,5:i8  21,905,159  21.244,381  2',,940,0S9 

Ploar 6,594,618  8,382,203  6,473,654  3,279,152 

IXPOBTS. 

Wheat CWl.  807,086  !,8S8,S01  721.272  S,S10  852 

Barley 188.105  an.iW  21,758  17.486 

Oats 82,238  1-29,970  26,546  108  678 

Peas 18,9-57  11,687  8,163  10,251 

Bean 8,088  8,701  2..53S  3.060 

Indian  Corn 47,601  147.165  62.597  .50.342 

Flour 87,784  811.R16  37,827  84,217 

Basilsh  inarKet  Keporta— Per  Cable. 

The  daily  closing  quotations  in  the  markets  of  London  and  Liver- 
pool for  the  past  week  have  been  reported  by  cable,  as  shown  In 
the  following  summary : 

Z»ndon  Money  and  Stock  Market. — 65s  are  J  higher  than  on  last 
Friday,  67b  i  lower,  and  10-40»  4  higher, 


I  .ThebalUoo  in  th«Bank  of  England  has  decreased  £530,000 
dhrlng  the  week. 

Sat.      ICoo.      Tnes.      Wod.      Thhr.       Prt 

ConsolB  for  money ?2      917-18     94  9-16      94  9-16    94«,  .       94.7-11 

"      accouot gS      MK  94  9-18      Bl  11-16  ?(  6-16      94  9-16 

Q.  8. 6*  (5-80S,)  leti,  old.  -s  3'.  mSi.      io6)i       \w>H     iosj<       loeji 

"         "  1847 j\^     108Jf         lOSJf         lOSiC        108J^         IQSii 

a.  8. 10-408 as     lOB  105  106  Utt   ,         1DS« 

New  SB W"     lOBV         105X         105X       IIBV         10&)i 

Tba  quotitiona  for  United  States  new  fives  at  Frankfort 
were : 

U.S.  new  fives....   100,'<      ....        lOOV  ••-•         lOW      lOOX 

Liverpool  Ootton  M(trktt.—9eo  special  report  of  cotton. 
Liverpool  Breadttujfi    Market. — The   market    for   breadstuffs 

closes  dull,  and  prices  are  lower  than  on  last  Friday. 

Sat.  Mod,  Taas.  Wed.  Thar.  Frt. 

8.  d,  e.    d.  I.    d.  a.  d.  s.  d.  s.  d; 

SMonr( Western) ^bbl  25    0  25    0  85    0  88    0  84    0  84    0 

Wheat  (Ked  W'n.  »pr).¥ctl    91  96  93  93  8  10  88 

"      (Red Winter).,..    "    10    7  10    7  10    4  10    4  10    0  10    0 

"      (Cal.  White  clnb)  "    11    4  11    4  11    2  II    2  11    0  II    0 

earn  (W.  mixed)  9  quarter  .'il    6  81    6  31    0  81    0  30    6  89    6 

Pea8(CaaadlaD)..«aaarter  4-2    0  42    0  42    0  42    0  42    0  48    0 

Liverpool  Provitions  Market. — Prices  rule  lower  than  on 
Friday  last. 

Sat.  Mon.  Tnes.  Wed.  Thnr.  FrI. 

8.  d.  p.    d.  8.   d.  8.   d.  a.  d.  8.  d. 

Beef  (mess)  new  9  tee 62    6  63    6  62    6  600  600  6U0 

Pork  (mess)  new  «l)b'....        79    0  79    0  79    0  79    0  79    0  78    6 

Bacon  (long  cl.mld,)»cwt    51    t  53    6  63    6  53    6  f-3    0  63    0 

Lard  (American)  ...     "         68   ft  68    0  58    0  57    6  .  &7    6  67    6 

CheeseCAmer'n  fine)    "         51    0  51    0  50    0  50    0  49    «  49    6 

Liverpool  Praduee  Market. — Tallow  is  quoted  Is.  higher  than 
a  week  ago. 

Sat.  Mon.  Toes.  Wed.  Thnr.  Frl. 

8.  d.  8.  d.  8.  d.  8.  d.  1.   d.  i.  d. 

Rosin  (common),..  9cwt..    60  50  60  50  60  50 

"     (pale) "       18    0  18    0  16    0  16    0  16    0  HO. 

Petiole[Lai(reflned) «»!        9             9  9              9  9  9 

(spirits) "           10           10  10             10  10  10 

ranow( American)... W  cwt.  43    6  44    0  44    0  44    3  44    8  44    H 

Cloveraeed(Am.  red)..    '•     37    0  37    0  87    0  37    0  87    0  37    0 

Spirits  tarpentine.....    "     23    6  22    6  22    6  22    8  82    «  22    6 

London  Produce  and  Oil  Markets. — Linseed,  sugar  and  lin- 
seed oil  are  all  quoted  at  a  decline  from  last  Friday's  prices. 

Bat.        Moa.       Toes.        Wed.       Thar.        Frl. 
£   8.  d.  £  8.  d.   £   8.  d.     £  8.  d.  £  8.  d.   £  a.,  d. 
L!n8Mc'ke{obI),VtnlO  15    0  10  16    0    10  !5    0    10  15    0    10  15    0    10  15    0 
UB8eed(C'alcutta)....      600       600         600         60    0         49    9         49    9 
Sagar(No.l2D'chstd) 

on  spot,  ^  cwt 23    0         S3    0       23    0         33    0         23    0         88    6 

S|)ermoil «  tan. 94    0    0    94    0    0  91    0    0    94    0    0    94    0    0    94    0    0 

Whale  oil "    34    0    0    34    0    0  34    0    0    34    0    0    81    0    0    34    0    0 

Unseed  oil... .«  cwt.      25    0         84    9       84    9         24    9         94    9         24    9 

(Sommcucial  anb  ittisceUaiwous  ISims. 

iMFORTS  AND  Exports  for  thb  Wbbk. — The  imports  this 
week  show  an  increase  in  dry  goods  and  a  decrease  in  general 
merohandise.  The  total  imports  amount  to  $5,770,713  this  week, 
against  .$7,573,013  last  week,  and  $7,600,230  the  previous  week. 
The  exports  are  $6,316,165  this  week,  against  $4,146,312  last 
week  and  $4,997,355  tlie  previous  week.  The  exports  of  cotton 
the  past  week  were  1,478  bales,  against  743  bales  last  week. 
The  following  are  the  imports  at  New  York  for  week  ending  (for 
dry  goods)  Sept.  2,  and  for  the  week  ending  (for  general  mer- 
chandise) Sept.  3 : 

rOBKlSH  IKF0BT8  IT  XIW  TOIIK  TOB  THB  WIEE. 

1872.                  1873.                  1874.  1375. 

Dry  goods t4,379,273        $3,276,470        t3.1«.a89  $2,681,638 

General  merchandise...        6,713,665          4,250.787           3.631.919  8,089,075 

Total  for  the  week..  111,003,938  $7,297,237  t6,771,80S  $6,770,713 
Previously  reported....     296,467,876      273,061,620        275,042,848       23^707,007 


Since  Jan.  1 $307,660,814     $233,858,757      $881,814,056    $241,477.7iO 

In  oar  report  of  the  dry  goods  trade  will  be  found  the  importsof 
dry  goods  for  one  week  later. 

The  following  is  a  statement  of  the  exports  (excIoslTe  of  specie) 
fromthe  port  of  New  York  to  foreign  ports, for  the  week  ending 
September  7  : 

UPOBTS  nun  xnr  tobk  fob  thb  wbbk. 

1878.  1873.  1874.  1875. 

Forthoweek $4,406,670        $5,556,354        $5,907,993        $6,34«a65 

Previously  reported 147,186,8i5      190,229.2J7       197,859,492       lj7,379,45« 

Since  Jan.l $151,593,555    $195,785,631     $203,767,490     $173,725,621 

The  following  will  show  the  exports  of  specie  from  the  port  ot 
New  York  for  the  week  ending  Sept.  4,  1875,  and  since  the 
beginning  of  the  year,  with  a  comparison  for  the  corresponding 
date  in  previous  years  : 

Aug.  31— Schr.  Northernllome. . Porto  Cabello...tI.  S.  gold  coin $81,000 

Aug,  81— Str.  Acapnlco P-nama U,  S.  gold  coin 5,000 

Ang.  31— Str.  Colombus Havana Spanish   A    Amer. 

gold  coin 5,016 

Sept.  9— 3tr.  Klopstock Paris Silver  bars 77,400 

Mexican  silver 85,000 

Sept.  4— Str.  Rppnbllc Liverpool Mexican  silver 233,253 

Sept  4— Sir.  Donan London Silver  bars 50,000 

Sept.  3— Str.  City  of  Richmond, .Liverpool American  silver  coin        2.500 

Total  for  the  week $453,174 

Previously  reported 61,877,998 

Total  since  January  1, 187B -.  ..    $I)S,831,17» 


Same  time  m— 

1874 $41,449,334 

1873 40,';30,4-i9 

1872 , 66.916,602 

1871 54,298.801  I 

iSTO 46,60I,IW« 


Same  time  In — 

1869 $25,817,626 

1868 65,088,531 

1867 40.989,988 

tS8« 58,»48,4« 


JWptemW  ll,  ld76.i 


THE   CtiltONICLii 


245 


Theloaportt  of  specie  »(  this  port  dorlns  tbe  put  week  have 
haanaalollowii: 
A^.  at— 9tr.  TTi>«a 8t  Domtogo....  Ootd  eolB tl>**? 


BcyC  1— Sir.  Ctty  ofEkTsu....  T«n  Cnu.. 


ailTercoln. 

..OoldeolB 

SUT«r  coin  — 

BUnr  hallloD. 

Ouldbnilloa.. 

8«t.  S— Str.  Souokt tMgaxjn SUver  coin... 


8«tS-Str.  AUm Ckrtlusena IUiT*r 

Gold 

Ofltddut... 


«1» 

S«,«9i 
1«,I36 

«;»it 
t.W 
1,471 
M» 

1,061 

i.r» 
tti 


IfttrtiM  WMk 
Prarlaaalr  npoftad 


•»l,«z 


ToUl  ttaea /an.  >,  U13w... •.-•■.:—'•.■.•_-•;• $».«4.Tn 

...  •i.TSi.aat 

...     },«4i^Wl 


Same  tim«  is— 
1910.**  .•••.••••>■ 

isil^v. 


8am«  Urn*  la— 

un HW.-JM 

fl8;..:.:.:::-"::::::::::::V^'« 

Nil Ijmjili 

SATion^L  TRiaaoBT.— Tae  tollowiag  forma  preaent  a  aam- 
Dtarv  ol certain  weekly  trantactioos  at  the  National  Treaiary. 
l.^Securitiea  held  b/tbe  (J.  S.  Treaaorer  In  traat  for  National 

Baakaaad  balance  la  the  Treaaary 

Ooiocer 
For         For  0.8.  ^B«l.  la  Tre««ar7.->    tilcatrt 


«Mk 
Mdlaa 

f  alj  10. 
Jairrr.. 

JalrU. 
jBl7  91. 


Tote). 


^^^^£l£3&&^ 


Cola.      CamncT.  oaufd'c 


£^i»  $sMs  m&^ 


Aac.  a..  I7«,&I1.7M    ia.7M.tM    ! 
••pt.  4-  J7t,811,7W    IS.TVt.MO 

S.— Natlo«al  baak  earrencv 
taeaiTad  from  the  Oamoey  Barvi 
ribated  weekly ;  alao  the  ■mooot 
WMk 


M,ni,n7 


i,H0.47i  n.vn,too 

t,«t(.4M    ta.«ML400 

1.130,756    a.«iMao 


ia%  •^«.« 


no  i?.i4e.rao 
s;«M.*»  ia,Mi.too 

a.f7t,4'n    17.510,400 


Jaly*... 
*«ir  10.. 
Jair  >T  . 
Jair  t« 
JbIj  si.. 

AWT  .. 
Aac.  14  . 
Aof.  St.. 

Aat.SS... 


Ktloa ;  (raetioaal  eanesey 

-^    Treaaurvr,  and  die- 

aders  distcbuted : 

Hole*  la  .-rracuuBxi  Carr«aci.-k  Lq|.T*a  . 

iaalaUaa.    ItiK  1.  DMiiMM,  ofiirik'd. 


■IUn«.TM 
aHl1M.4S» 
k,t4S 


laitw 


M1T«.0I8 

•«.r    " 


ATIMIT 
1.7IMM 

,ni.isB  »jtn.$m 

Indlnnkpi^  tUm^mfUtn  k  Vottern.— At  the  aoaaal 
iBf  of  tbr  irtoekholdara,  beld  in  Indiuapolis,  Kept.  8.  the  follow- 
ln(Baa«do(  IHieetara  waa  ncftnlinoasly  elected  :  C.  W.  graiib, 
or  Cbiowo;  C.  B.  arinpi,  W.  U.  Smith,  and  A.  Tamer,  of  New 
Yerk  :  B.  C'-ookliav  of  BloominKton  til  Hen.  NebekerofCoTiaf- 
toa,  I Bd.;  J.  Bond  of  Moatleelln.  Iheinaaof   Pblladel- 

phU  :  B.  K  Smith  and   F.  E.  Col .  '  <i«baa.  Ohio  ;  W.  T. 

HaOormiek  of  MaasKeld,  III.;  D  T.  Tbeap»ia  of  P«kla,  III.;  and 
J.  C.  Bhort  of  r>aoTilla,  III.  The  beard  a«bw<{a«Dtly  re  elected 
IfeaH*.  B.  E.  Smith.  PrwUaat';  C.  affrlKga.  Vice- Preaident ;  and 
A.  P.  L«wia,  SecreUry  aad  Tfaaaaran    Ofw  41,M0  aharea  were 


'  patting  the  land  Into  food  eoadltioa  and 


reason  of  the  failure  of  parties  holding  drawn  bonds  to  notify 
their  election  tn  have  sacU  bonds  redeemed,  sliall  be  forthwith 
invested  by  the  trustee. 

Teraont  Central.— A  despatch  ol  7th  inst.  waa  as  follows : 
St.  Albams,  Vt.,  Sept.  7.— The  application  of  the  Hutland 
Railroad  Company  for  sn  injunction  to  rfsirain  the  Central  Ver- 
mont Railroad  Company  from  interfering  wiih  them,  if  they  shall 
take  posaassion  of  tbeir  road  under  that  clause  of  the  lease  en- 
titling them  to  possession  after  a  breach  of  conditions,  came  on 
for  a  hearing  to  day.     It  was,  however,  postponed  until  Oct.  1. 

The  Chancellor  has  denied  the  application  of  the  bondholders 
of  the  Vermont  Central  Railroad  to  employ  an  expert  on  the  ac- 
coonts. 

Yfcksbnr?  Shreveport  &  Texas.— The  parties  who  composed 
the  North  Louisiana  &  Texas  Company,  whose  claim  to  the  road 
waa  decided  to  be  illet;al  by  the  United  Slates  Supreme  Coart, 
have  filed  in  eonrt  a  claim  foralrant  $900,(X)0  for  improvements 
which  they  claim  to  have  made  in  the  road  while  it  was  in  their 
poaassaioo.  The  old  bondholders  who  now  hold  the  title  to  the 
property,  charge  that  the  claim  is  frandulent. 

Wisconsin  Central. — In  the  salt  of  Governor  Reid  against 
thia  eompaoy  and  (ileorge  T.  BiKelow  and  John  A.  Stewart,  trus- 
tees, the  Milwaukee  Circait  Court  has  eranied  an  injunction  to 
restrain  the  company  from  dispo.-ing  of  the  remainder  of  its  first 
mortgage  bonds. 

This  company  hat  issued  a  circular  which  gives  the  following 
alaleatant: 

RccclT«d  troo  sales  of  t4.6IS,S00flrstincrt(ice  bonds tLTILtlt  W 

Frcfctnd  stock    T,90o;!00'00 

Towa  aad  coaBtr  bond! ....^ >l*.«i7  to 

TbTM  yaan' uoiM Itl.OOO  00 

«y a,T»5  BS 

ii,>»t,4tr47 


BMkford   R4Mk    Isini   *  gt   IrMdfc-Tba   Boek 

Arir^  aaya.  thai  "  <»  l«|airF  at  tbo  (laMal  oAea  of  tka  Bock- 
ford  Roek  lalaad  and  8i.  Looia  BalllMd,  we  learn  that  the  Ckl- 
eago  Roek  lalaad  aad  PadSe  Railroad  Osap*ay.  aad  tke  Chicago 
aad  XorthwsaiOT  Bailioad  Company,  have  larvlaalad  the  favor- 
able rataa  karalofora  given  tba  Itockford  Back  laiaad  and  St. 
Laoala  Ballroad  OoapsMy.  as  freight  for  "hieago  aad  the  North- 
waai,  aad  now  tkmtgt  l«U  local  ratatL  Tbia,  wa  bear,  la  the  ro- 
snlt  of  th*  laJadliUaa  ••■fae  porsaed  bj  Mr.  H.  Oaterbsrg,  agant 
of  the  Qarmaa  boadkoldera,  la  attaokiag  thoaa  rooda," 

— The  proposltloa  made  to  the  UeraiaA  boadholdan  by  the  sew 
oigaalsatioa  which  propoaea  to  take  the  rowl,  la  reported  to  be 
somewhat  aa  follows : 

The  new  eompaay  la  to  pay  tdOOjDOO  la  eaah.  wblob  la  to  be 
raised  by  a  profarrad  mortgage  of  fHO/XM,  payable  os«-half  la 
one  yrar,  the  reet  U  two  years.  Aaolktr  owttgaga  la  to  be  exo- 
eated,  under  whleb  |3J)00,000  of  8  pat  asBL  boaida.  having  twenty 
Tears  to  ran,  wUl  be  lasaed,  to  be  dlvidad  aowag  tba  prtaaat 
Doodboldars  aa  tbay  m«y  direct.  Tbaae  booda  are  to  be  eoavart- 
Ibta  lato  atotk.  Block  to  the  amonat  ol  fUXW.OOO  to  he  laaoad, 
MbaoriptloM  to  ba'pajrable  in  10  par  oaot.  lasts  I  man  la,  and  the 
MMtaoa  to  ba  «aad  for  p«ttli 
Mytag  fqalpaaent. 

M.  PanI  A  Paeiflc  —The  unflnlsbad  portlona  of  the  llnea  of 
tUa  company  ara  a  aaetlon  from  Maltoao,  Minn.,  oortbweat  to  a 
aatAi  U  Bllca  aaatb  of  the  croaalng  d  tb«  Northen  PadSc  at 
wyadcB,  abo<M  IM  allaa ;  a  seetlca  of  M  mllaa  batwaan  tba 
•anbara  sod  of  tbo  track,  which  la  aow  ooatBlatad  from  Glyndoa 
Mttbwaid  Utroogh  tba  Bad  River  VlUif  to  lUd  Lake  River,  and 
*o  Manitoba  Uaa  at  St.  Viaeent :  tba  Bcaiaard  BtaMb  troa  Soak 
iloBaatMtd.OS  mllea.  Tba  tmo  Isal  ■iMiil  aaaHaaa  ara 
k«t  wonld  pfobablv  reqalr*  aoaaManMa  rspaln  to  8l 
I  tor  tbo  Iron.  It  U  said  that  If  Iha  boodholdara  acoept  tba 
I  aad  f amlah  fonda  I*  anaptala  tba  road,  tba  aee- 
iMebaaatoOlyadon  will  Mtboboilt  at  present,  bat  a 
B  will  ba  Bsada  with  the  8C  Vlaasot  Extension  by  build- 
lag  •  >!■•  •beat  n  miles  long  from  Braekoarldge,  tbe  waetera 
tanBlaaa  of  tba  Flm  Division,  northward,  to  naat  the  end  of  the 
track  soatb  of  OlyadOB. 

UbIm  Paalle.  Bialad  prnpoi«ls  for  the  sale  of  slaking  fund 
boada  lo  thoamotutof  lai.OiK)  will  be  received  by  tbe  Union 
Trost  Companr  of  New  Y„rk.  irosteo,  till  Wednesday.  Sept.  8, 
1873.  This  is  In  eooformlty  with  tbe  lodentore  of  trast,  which 
provldoa  that  toy  funds  remaining  la  tha  bands  of  the  Uoataa  by 


T«sl 

Paid  to*  coaslrecttoa.. 

iDterttt 

Bandxy  aecoaats 


«^ta.7U  01 

M4.780  -.7 
tSS.OIt  It 


5.»!13.3ai 


of 


»l,tM»4 

road  tKere  are  320  miles   over 


Balaece _ 

Including  ISO  miles  of  leased 
which  trains  are  ran.  The  land  grant  expires  December  81, 16T6, 
by  which  time  aboat  135  milaa  mors  of  road  must  be  built  or  the 
balance  of  the  grant,  400,000  acres,  will  be  forfeited.  The  com- 
pany propoeea  to  fund  nine  semisnnual  coupons  In  an  interest- 
baarlng  certificate,  and  to  isane  more  bonds  to  complete  tbe  road. 

A  saeood  circalar  propoeea  tn  itmuf  f8.600.000  bonds  at  80,  and 
depoeit  five  yeara'  Interest  In  a  New  York  trast  company,  or  to 
deduct  the  five  years'  Interest  from  the  money  paid  for  the  bonds. 
This  arrangement  would  make  tbe  receipts  from  a  $1,000  l>ond 
about  1400.  This  would  give  about  $1,150,000  to  build  tbe  125 
milaa  of  aow  road,  aa  the  net  eaminga  of  the  completed  road  are 
all  needed  for  new  eqaipment  and  improvements.  The  sections 
to  be  flnisbed  are  from  Woreeater.  Wis.,  north  to  the  Penoka  Iron 
range,  and  from  Slevena  Point  soathward  to  Portage. 

— Tba  following  eorreapoodanoe  explains  itaelf : 

■Kooara  NavmifAi.  Buta.  Xsw  Tosk,  BepL  7. 1S73. 
C.  A  If  SMik  Bs^ ,  KtUearf  B4nk  XcaaloM'. 

JtmrMr:  Raams  oafarorabls  lo  the  cndit  of  this  tsslltattoa  bavlnit 
leasbad  sty  ean.  aad  wUek  ara  saUtely  artlhaat  f  uaadatloo,  f  baraby  mjoeai 
Ikat  yo«  will  ImaMdlaisIr  auks  a  moat  Iboruatb  azainloallon  of  the  affdr*  or 
IMS  taaa,  soi  sftac  ha*l<ic  dooaso,  Ibst  voa  wiU  oaeadsattallr  sdbaiU  ths  r«- 
salis  to  a  tpacial  eocunltuie  of  oOoer*  or  oar  oalahburlag  banks,  can>l'<tlni( 
or  MaMn.  Oeorn  8.  Cos,  B  F.  Vall.  and  B.  BHShannan.  who  bara  kludly 
ignite  set  far  ibatparposa. 


actf  sUy  yoors, 

P.  0.  Cauioini.  PraaUant. 
Vaw  Toax,  Sept.  10.  ISTS. 
r.  a.  Oiinsffa.  laq..  Prasldaat . 

Dtm'Mr:    fa  enoipllaaes  with  loar  note  lo  me  of  7tb  Inat,  I  bars  to  rs- 

aart  Ikat  I  hav*  mad«  a  tboronfa  axamlDation  of  tba  affairs  of  tha  Fourfk 

}(atl«aal  Baak,  Nnr  Tork,  aad  ka*a  to-daj  anbinUlad  tke  roaaila  to  tba 

spsdal  csaMUUaa  ol  bank  offlcara  aamad  bjr  ran. 

CaAs.  A-  Maiaa,  Hatloaal  Dank 

Naw  TOBK,  S«pL  10, 1871. 
P.  O.  CAi.aoim.  laq.,  Prasldant  Foartb  Natlooal  Bank. 

AarAr.-  la  eoapllaaea  irlik  voor  r.^aaat  »a  bars  azamtasd  tha  ttate- 
ntasl  of  Charlaa  A.  Main.  >«]..  Bank  Kxaminar,  of  the  condition  of  your 
laaiUatloB,  sad  kartac  unpllcu  eoaAdanca  In  tha  eorractnaat  of  bla  flgnrea. 
ara  tad  that  year  baaa  la  not  oolf  la  ooadlUon  lo  proiapll/  msat  all  lu  lla- 
blUOaa.  feat  that  lu  capllal  U  n^aBprirad. 


Toara,  wj  rsa;sctrullT, 
Caatlnar  oT  Naw  Tork. 


(■Icaad) 


QaoiHs  8.  Cos, 
Haasv  F.  Vaii, 


J 


Bpaelal  Commlttaa. 


JJI.UIJlUJi^SIU  FI.IANCIAL 

ADVAMCBB  KADI,  only  on  OMtso  la  8tan  aad  Asprorcd  Stock  Exebaoia 
CoUalaraK.«^  KT  M.  WATKBS  A  00. 


CoUalwa^.^ 


^■*f*-B"^"  BOHIM.— Wbathsr  yea  wlak  lo  BOT  or  SBLU  wHIa  to 

HASBUB  *  CO.,  No.  1  Wall  atraat.  W.  T. 


_a  7  par  cant  Oold  Bonds, 
lods. 


mCAS  8TATK  tontm. 
Haoataa  aad  Tasaa  Caatnl  RR.  First  Xe  , 
U.  U.  A  B.  rint  Mortfaca  7  par  cant  Oold  I 
Texas  Laada  aad  Land  acrlp,  for  sala  hv 

WILLI  All  BRADT,  tS  William  it,  R.  T. 

arooKs 

Dealt  la  at  tba  5aw  Tork  Stock  Izebaaga  boii(fat  aad  sold  by  as  on  niarfia  of 
iv.p„«ct  PRmLlOBS 

NagelUtad  at  oaa  to  two  per  cant  from  narket  on  members  of  lbs  New  Tork 
Isckaaea  or  rsaponalbla  panlea.  Lacga  soais  have  bean  laallaed  tha  pait  80 
days.    Pat  or  call  coau  on  100  aharea 

810(15 
Btraddlaa  $t30  aach.  eontrol  tOO  abarea  of  stock  for  80  dtyi  wltbnnt  farther 
rlak,  wbUa  away  tbouaand  doliaraprodt  but  begainad.    Adrlcaandlnforsu- 
Uoa  faraisbad.    Pampblat,  conlafB'Bg  raluable  atstlatlcal  InforsutloD  and 
ifeealBi  bow  Wall  auaat  oearatlooa  ara  enadacied  aent 

FRKB 
Te  any  addraaa.    Orders  solicited  by  mall  or  wire  and  prompUy  szecntad  by 

OS.    Adiliiss.  

TUVBUDai  *  00.,  Bankers  and  Broktrr, 
Ko.  8  WaU  street.  N.  T, 


i?46 


THE  CHRONICLR 


[September  11,  1875. 


<ii)e    6aiiKcr9'    ©alette. 

N^TfOVAI.  B.lNKSi  ORG.INIZBD. 

The  United  Stages  Comptroller  of  the  Carrency  f  arniahes  the 
following  statement  of  National  Banks  organized  the  past  week  : 

S.*S— Merchants'  National  Bank  of  St.  Johnsbary,  Vermont.  Authorized 
captcal(jm),OOO^aid-in  capital,  $150,000.  Frederick  Fletcher,  Presi- 
dent; Wm,  S.  Hazen,  Cashier.  Authorized  to  commence  basineaa 
Sept.  £,  18TS. 

DIVIDENDM. 

The  r»llowine  Dividends  hare  recentlr  been  announced : 


COMPXIIT. 


Rallroada. 

New  York  Central  &  Bud.  Hirer  (qnar.). 

Union  Pacific  (quar.) 

Miaoellaneons 

Consolidation  Coal  of  Maryland 

Western  Union  Telegraph  (qnar.) 


PiB 
OtHT. 


Whek  I  Books  Ouwip. 
P' ABU.  (Days  IsclasiTS.) 


CloBing  prices  of  aecarttiea  in  London  have  been  as  follows : 


n.8.«s,i-aO's,186S,(dd.. 

a.8.66,5-S»'B,18OT 

U.  S.Ss,  10-40's  

NewSs 


Aug. 
S7. 


106« 
:08<i^ 
104X 
105X 


Sepu 


Sept. 


IMM 

106 
lOSJT 


108>i 
105  >i 
lOSK 


Since  Jan.  1.  1815.  — 

Lowest.      I     Highest. 


lOBJi  Apr.  aa\  lOSM  Apr.  • 
lOAX  June  181  109)<  May  5 
104X  Feb.  18  107  Aug.  13 
lOS     Apr.  m  \05)4  Aug.  16 


(Oct.    16  Sept.  16  to  Oct.  19 
Oct.      liSept.  16  to  Oct  6 


Sjtf    Sept.  15  Sept.  13  to  Sept.l5 
g       Oct.    15  Sept.  TO  to  Oct.  16 


FaiDAT.  September  10.  1815—6  P.  M. 

Tlie  money  Market  and  Financial  Situation. — Tbeprin- 
cipal  feature  of  the  week  has  been  the  scarcity  in  gold  and  conee- 
qnent  depression  in  exchange,  culminating  to-day  in  a  gold  price 
of  117,  a  borrowing  rate  of  i  per  cent,  per  diem,  and  rates  on 
sterling  exchange  of  4.80  and  4.82  for  long  and  short  bills  respec- 
tively. Further  details  as  to  the  gold  and  exchange  movements 
are  given  in  our  reports  below. 

Our  money  market  has  varied  but  little  from  its  previous  easy 
•rates  of  1^  to  2i  per  cent,  on  call  loans,  though  to-day  there  was 
more  firmness  at  2@3  per  cent.,  with  a  temporary  quotation  at 
higher  figures.  For  prime  commercial  paper  there  is  a  good 
•demand  at  5@6  per  cent ,  the  supply  of  short-date  paper  being  bo 
small  uti  to  hardly  furnish  a  quotation,  though  undoubtedly  choice 
paper  ol  60  days  would  sell  lower. 

On  Thursday,  the  Bank  of  England  reported  a  decline  in  bul- 
lion ior  the  week  of  £539,873,  the  discount  rate  remaining  un- 
changed at  2  per  cent. 

The  last  weekly  statement  of  the  New  York  City  Clearing 
House  Banks,-  issued  Sept.  4,  showed  a  decrease  of  $1,022,950  in 
the  excess  above  their  25  per  cent,  legal  reserve,  the  whole  of 
such  excess  being  $19,869,175,  against  |20,892,125,  the  previous 
week. 

The  following  table  shows  the  changes  from  the  previous  week 
and  a  comparison  with  1874  and  1873 : 


State  and  Kallroad  Bond*.— Virginia  bonds  continue  to  be 
the  strongest  of  the  Southern  State  list,  and  were  quoted  to  day 
at  69i  for  the  old  consols,  and  40350  for  the  consols  second  series. 
North  Carolina  old  were  a  little  firmer  at  19  bid.  Tennessee 
bonds  hold  their  own  with  remarkable  tenacity  and  are  firmer 
than  last  week,  although  advices  from  Nashville  are  not  particu- 
larly encouraging. 

Railroad  bonds  have  been  strong  and  active,  and  with  the  . 
present  high  prices  of  governments  and  the  reluctance  to  invest 
capital  in  new  enterprises,  there  is  an  evident  inclination  to  pur- 
chase the  best  classes  of  these  bonds.  Unier  this  influence  prices 
have  advanced  quite  sharply,  and  to-day  a  N.  Y.  Central  &  Hudson 
7  per  cent,  currency  bond  sold  at  122.  Other  first  mortgage  bonds 
have  been  strong,  the  largest  business,  as  usual,  being  done  in 
the  Pacific  railroad  securities.  The  large  earnings  of  both  the 
Central  and  Union  Pacific  roads,  and  the  fact  that  both  now  pro- 
pose to  pay  8  per  cent,  annual  dividends,  and  that  they  have  a 
monopoly  on  their  route  without  fear  of  speedy  competition,  as 
well  as  enormous  land  grants,  have  brought  their  securities  Into 
prominent  notice  among  bond  purchasers. 

The  Committee  on  Stock  List  of  the  Stock  Exchange  has  ad- 
mitted the  following  securities  on  the  call  :  The  first  mortgage 
consolidated  bonds  of  the  Chicago  Milwaukee  &  St.  Paul ;  the 
Lehigh  &  Wilkesbarre  consolidated  guaranteed  mortgage  bonds  ; 
the  Chicago  Rock  Island  &  Pacific  sinking  fund  income  6's  of  189S, 
and  the  Cleveland  Columbus  Cincinnati  &  Indianapolis  consoli- 
dated mortgage  bonds. 

Daily  closing  prices  of  a  few  leading  bonds,  and  the  range 
since  Jan.  1,  have  been  as  follows: 

ipt.   Sept.  Sept.  Sept, 
SOX,    50H 


-1875.- 


1874. 
Sept.  5. 


1873. 
Sept.  6. 


Aug.  28.       Sept.  .4       Differences 
Loans  anadls.  t28J,33ii,900  i88i,834,300  Inc..    $497,400  f279,d84.90fl  $288,374,300 

Specie 12,045,100      10,210,300  Dec.    1,834,800      18,891,800     21,767,000 

Oirculation....  18,021,000  18,125,400  Inc..  104,400  25,662,400  27..355  5n0 
Net  deposits..  246,616,700  243,788,800  Dec.  2.857.900  234,746,000  212,772,700 
Le?al  tenders .      70,508,700     70,606,300  Inc. .        97.600     65.604,700      38.679,900 

•  United  -States  Bonds—There  has  been  a  good  business  in 
government  bonds  this  week  in  a  quiet  way,  a  large  part  of  the 
business  being  done,  as  usual,  through  the  hands  of  private 
bankers.  We  have  heard  of  several  transactions  in  the  neighbor- 
hood of  a  half  million  each,  in  which  corporations  were  the  pur- 
chasers. There  is  apparently  but  little  speculative  feeling  in  the 
market,  and  most  of  the  sales  are  to  purchasers  for  investment, 
some  of  them  buying  for  the  purpose  of  employing  funds  which 
have  been  for  some  time  idle. 


Closing  prices  dally  have  been  as  follows  : 


6b,1881 reg.. 

6b,  1881 coup., 

69,  5-ao's,  1864 reg. 

68,  5-20's.  1864 coup. 

6s,  5-20'e,  1865 »eg, 

68,  5-20'8,  1865 coup., 

68,  5-20's,  1865,  n.  i.,  reg. 
68, 5-20'8,1865  n.  i,,coup. , 

68,5-20'8, 1867 reg. 

68,5-20'8, 1867....  coup., 

6a,  5-20'8, 1868 rep-. 

68,  &-20'8, 1868 coup 

5b,10  40'8 reg. 

5s,  10-40'8 conp., 

6b,  funded,  1881 reg 

68.  funded,  1881,  ..coup. 
68,Onrrcncv reg. 


Int.  period. 
Jan.  &  July. 
.Jan,  &  July. 
.May  &Nov. 
May  &  Nov 

May  &  Nov, 
May  A  Nov. 
.Jan.  &  July 
Jan.  &  July, 
.Jan.  &  July. 
Jan.  &  July. 
.Jan.  &  July. 
.Jan.  &  July. 
Mar.  &  Sept. 
Mar.  &  Sept. 

. .  Quarterly . 
. . .  Quarterly . 
Jan.  A  July. 


Sept. 

4 
•120  Ji 
•122X 

♦n6?i 

«117ii 

•118 
•118X 

118J<: 
•I20K 

120K 

*m>i 

•12054 
I15J4 

me-'A 

•l16Ji 
117)i 
•12:3 


Sept.   Sept. 

6,  7. 

•  12074  •120% 

-.23        123)i 

•117      *117Jf 

ii7>f  mn 

*!18     •118 

118K  •118S* 
•IISX  »ll8>4 

y.nH  *ni% 

ISOJii     12(1% 
120X  •120  )i 

•i20'<  mo'^i 

120%  •120Ji 

1!B  •116X 
•117X  •inji 

116%  117% 
•117%  •117K 

123«  *li3ii 


Sept.   Sept. 
8.  9. 

•121      ^121 
123%  ♦123 
•117%     117% 
117%    117% 
118      *118 
118>if  •118% 
•118^  •118% 
•118%    118% 
•120%  •120ji 
120%  *12a% 
•l2llJi    181 

120%  '120% 

•116%     116% 

•117V  *I17i<- 

•117%    117% 

117%     117% 

liSii    123% 


Sept. 

121% 

123% 
•118 
•118% 
•118% 
•118% 
•118% 

118% 
•120% 

•20% 
•120% 
•120% 
•116% 

117% 

119 

118% 
•123% 


•  This  Is  the  price  bid  :  no  sale  was  made  at  the  Board. 


The  range  in  prices  since  Jan.  1,  and  the  amount  of  each  class 
of  bonds  ouistanding  Sept.  1,  1875,  were  as  follows: 


6b, 
6s. 
6s, 

68, 

6  b, 
6b, 
6s, 
6s, 
58, 
6s, 
6s, 
Is. 


1881... reg. 

1881 conp. 

5-20'B,  1862 coup 

5-20'8, 1864 coup. 

5-20'8, 18'!5 coup. 

5-20'8, 1865,  new,coup. 

5-20' 8,  1867 coup. 

5-20's,1668 coup. 

10-40'8 reg. 

10-40*8 coup. 

funded,  1881 conp. 

Currency reg. 


. — Range  since  Jan.  I. 
Loweet.  Highest 


.  118     Jan. 

.  118%  Jan.  8 

114%  Jan.  2 

.  llSJi  Aug.  2 

.  117%  July  24 

.117%  Jan.  8 

.  118%  Jan.  9 

, 118     Jan.  9 

,  113%  Mch.  6 

.  lI3%Mch.  4 

.118%  Jan.  2 

.117%  Jan.  4 


122%  May 
126%  June 
118%  Apr. 
121  Apr. 
122%  June 
124%  June 
125%  June 
125%  June 
118%  June 
119%  Aug. 
119  June 
184%  Apr. 


^  .     Amount 

Registered. 

26tl98,3Tl,850 

17  

66,6.50 

86,327,000 
33,80:J,0.'!0 
58,.337,ii50 
88,864,450 
-       14,478,000 

18  141,619,850 

23  

28    207,927,600 
34      64,6a8,512 


Sept.  1. — 
Coupon, 

89.3641 500 
39,830,560 
32,665,800 
118,781,3  0 
144,325.460 
221,768  300 
82,996,0t0 

52,9V6'460 
220,278,960 


•18 
•10 

•enx 

•48  M 


103 
100  H 
93X 
•10 1 


'18  ~  'ISX 
10       '10 
'63H    "W 
'49       •ISX 
26       •Jl 


Sept 
4. 
SsTenn.,  news...    'W%    'iO'4 
6iN.Car.,oId....    '18      -" 
88 N. Car., new...    •10 
«B  Vlrg.,  conaoUd    '66 

do        2d  series.  '48% 
6«S.C.,  J.  &  J...      '28 
68  Mo.  long  bonds  'lOl^    lOlK    101%    102 
N.T.C.&H.  Ist7a    120     •in     'IlSX'in 
C.P»c.,gold6s...     103%    104X    104 
On  Pac.,i8t68...    102>«    — 

do      L'd(*r'l78 -lOOX 

do        S.F.88..      93% 

arlel9tM.78 •lOI 

N.  J.Cen.  lat  7b..  •110%  •:io% '110% 
Ft  Wayne  Ist  78.    *113     '"""     


103 


105 
lOSX 


101)^  •loox 

93!^      9« 


•113 


101 


•113 


101 

iinif 

113 


Sept. 

10. 
•50% 
•19 
•10 
"69% 
•49 
•T, 
lOJ 
122 

IMk 
1U2 

mi 

101 


. since  Jan  1  ^ 


*y ._. 

B0CKr8Wl8t78...  •10JIW109X    109X    110 
C.  *N.W.EOld78      87x      SIM      Slii      87% 


♦.il 

•18 

•W 

•70 

•4iK 

•2-1% 
■lOlX 
•120 

mn 

103Ji 

102 

94 
•104 
•110%  'UOX 
.,.    '113 

•109 H  -ima 

SSH      87% 


Lowest 
44  Jan.  27 
20  Mch.  27 
11  June  12 
55%  Jan.  26 
36  Mch.  23 
30  Mch.  20 
94%  Jan.  14 
m>KJan.  18 
92^1  Jan.  6 
90  Jan.  6 
90  Jan.  t 
811%  Jan.  5 
100  -May  29 
107%  Feb.  I 
106%  Jan.  7 
105  Jan.  5 
79     June  15 


aighest. 
95%  Jan.  i 
29  Jan.  18 
16  Jan.  7 
60%  Apr.  8 
4S  June  7 
S3  Jan.  27 
|03%  June  28 
122  Sept.  10 
106V  June  28 
10«%  June  90 
102  Sept.  9 
9:%  Aug.  25 
lOT),  May  9 
115  Apr.  0 
114  June  SS 
111%  June  t 
88%  Aug.   4 


•ThlB  IB  the  once  bid.  no  sate  was  madeattue  Board. 
Railroad  and  iniscellaneoas  Stocks. — Stocks  have  been 
more  active  and  generally  stronger.  To-day  Western  Union 
Telegraph  announced  its  regular  quarterly  dividend  of  3  per 
cent.,  payable  Oct.  15,  and  the  directors  submitted  a  report  show- 
ing net  profits  of  $900,000  for  the  quarter  ending  with  Oct.  1,  the 
present  month  being  partly  estimated.  The  Union  Pacific  Rail- 
road  has  advanced  its  quarterly  dividend  to  2  ■  per  cent.,  which 
will  be  payable  on  and  after  Oct.  1  ;  this  had  been  talked  of,  hut 
it  was  hardly  expected  that  the  advance  would  be  made  so  soon. 
New  York  Central  &  Hudson  pays  its  regular  quarterly  dividend 
of  2  per  cent.  Erie  has  again  been  a  prominent  feature  of  the 
market,  and  sold  to  day  at  19|,  closing  at  18f ,  the  higher  range 
being  based  on  the  reports,  or  on  hopes,  that  negotiations  will  be 
made  by  the  representative  of  English  stockholders,  lately  in  this 
city,  for  rescuing  the  company  from  its  present  condition.  At  a 
meeting  of  directors,  Messrs.  S.  L.  M.  Barlow  and  Marshall  O 
Roberts  resigned,  and  Messrs.  J.  B.  Brown,  ol  Portland,  and  J.  L. 
Walsh,  of  Pliiladelphia.  are  to  take  their  places.  Pacific  Mail 
stock  has  been  irregular;  advices. from  ^an  Francisco  say  that 
the  Australian  monthly  service  will  commence'  with  the  first 
vessel  from  that  city,  Oct.  9.  I.iake  Shore  has  been  one  of  the 
most  active  specialties  this  week,  and  closes  at  56}.  Reports 
were  circulated  at  one  time  that  the  company  is  not  earning 
enough  to  pay  its  interest,  but  these  reports  were  apparently  for 
the  purpose  of  depressing  the  stock,  and  were  based  on  no  facts. 
Stocks  of  the  leading  Western  railroads,  whosH  earnings  are 
largely  dependent  on  the  grain  movt-ment,  were  tolerably  steady. 
It  is  believed  that  their  August  earnings  were  not  as  satisfactory 
as  those  of  July,  in  consequence  of  grain  being  held  back, 
although  it  is '.o  be  remembered  that  the  grain  will  have  to  come 
forward  eventually,  and  the  railroads  will  then  have  the  benefit 
of  the  freights. 

For  the  purpos»of  showing  the  total   transactions  of  the  week 
In  the  leading  stocks,  we  have  compiled  the  table  following ; 

Paciflc 
Mail. 

Sept.    4 23.600 

'•       6 17,900 

7 11,900 

"       8 2,200 

'•        9     21,100 

"      10 12,100 


Lake 

Wcst'n 

Chic.  S 

& 

Union 

Ohio  A 

Shore, 

Union. 

N'wesi 

.  Erie. 

Paciflc. 

Mis». 

Wah. 

59,100 

21,200 

6,600 

6.800 

400 

1,000 

400 

36,100 

20,200 

12.600 

3,200 

500 

1,700 

800 

34,2)0 

18,100 

6,700 

,1.500 

700 

300 

34,500 

41,500 

8,400 

21,600 

400 

1,100 

200 

87,100 

38,500 

9,900 

23,800 

300 

1.700 

100 

37,300 

27,600 

17,700 

51,7110 

800 

2,600 

Total 88.800    238,300    167,100    61,900    65,000      3,100        8,400 


!,50 


Whole  Stock.  ..300,000    494,665    337,856  149,930  780,000  367,450    300,000  160,00 


Soptamb^r  11,  1875.] 


l^HE   CHRONICLE 


247 


.Wedaeatfay.  Tlmndaj,    Frtdar, 
Sept.  10. 


Taea<t%j.  -. 

S«?pi.  'I.      Sept.  8. 
I'MstlB       ■M     UBi< 

\f,\  Kx    n 


Tbo  Ust  line  in  the  pneediog  uble  shows  the  total  namb«r  of 
sharM  of  Mteh  of  the  stocks,  now  nutaundinir.  so  that  it  may  be 
sasD  at  a  glance  what  proportion  of  the  whole  stock  has  been 
tuineil  OTer  in  the  week. 

The  (Uil7  hlxhaat  and  lowest  prices  !!•▼•  been  as  follows : 

Sacartfaj,  Moaday. 

_  _     Sept.  I  »»nt.  «. 

■.Y.lMaAHJU  UNM  10l«  IMH  lIMk 

ft^•m \»    van  1&:     iU 

• »)«  nx    i«*  " 

L^sSkora....    MA  "k  MH  37 

tnHM 

fiS  •» 

-     ^    as  HH       .  _ 

twJ  m,.  ni«j  iiox  ^uiiv,  .^ 

•<        tV        I        4 

•n     »H 


NonkwMt..... 

«e      pr«l. 

Bocktiland... 

•I.  P»al 

do        pr«t  — 
at.*  P»e..pref, 
Ohio  *  Miu.. 
Coatrml  o:  V.J.  — , 
P«1..L.*  WMfia    van 
Baa.*  St.  J  OS.  *i:x 
UalonPMllle..    ~ 
Qol.Ctilc.Al.C. 

Pmauna 

Wast.  ro.  T»l 
at  a  Pk.  t»i. 
QaleksllTer 


Sii 


tfe        ml. 


i»H  a 
in,  .... ' 


:  ao  aoi*  «■•  ■ 


■  utke  Board 


raetle 
Adasa 

Amsflesa 
Ualtad  Slaws 
WslU,  fsrso 

•This  la  u<  srMs  Md  sad  ssKa 

The  entire  rmn|r«  from  Jan.  1, 1874.  to  ibU  date,  was  aa  follows: 

. Jao.  1.  W7S.  to  ilsis       r Wbols  year  I«7«  — 

Lomst.  IlidMSt.  Lowest.  '' 

■.  T.OSB.*Uad.  K...MO     MsTKICnHlbB     (   «BX  May  It  !(»>.  ..     .11 
Barlea ItlMJan.  UIW     i|K.riUXJaa.    7  IMK  Feb.  M 


to  J  per  e^nt.  per  diem,  and  60  days'  sterling  bills  cold  down  to 
4.79@4.80  and  demand  at  4.83,  though  the  amount  of  business 
done  was  almost  nothing.  The  nominal  rates  of  leading  bankers 
opened  at  4.83^  and  4.St)i,  and  were  afterwards  reduced  to  4.83 
and  4.85^.  A  dispatch  from  London  eays :  "  All  the  American 
sold  coin  in  the  Bank  of  England  has  been  boagbt  up  at  76s. 
4d.  per  an. — supposed  for  shipment  to  the  United  Slates."  The 
usual  price  for  gold  is  768.  3^.,  and  the   rate  of   exchange  here 

at  which  it  can  be  imported  at  a  profit  is  about  4.82  tor  demand 
sterling. 

Tiin  irao'tactloaa  tor  itie  week  at  ttieOustoio  House  and  8ab- 

TreasurT  have  been  as  follows: 

Onstom    . Sab-Treasary.- 


8^. 


4. 

!- 

7. , 
8. 

t. 
10. 


Hooae     . Receipts 

Beceipls.  "  "" 

..  U11.000 

..    MO.OOC 

..    (I«,noo 

471,000 


sw.ooo 


Oold. 

f 48i,8ae  11 

Mg,M>  4S 
I  :)7i.,'m  M 

63a.M0  oo 
1.0.-15,1100  M 


Cnirency. 
«5»,e30  58 
i,i  49.969  59 
1,««.141  94 
MI.16I  a> 
440,049  65 
1,«40,»I6  « 


-Payments. , 

Gold.  Currency. 

t»l.S60  »  tl.381.414  74 
»1,M0  II     4  M8.877  96 


ffij,:61)  04 
988,999  ao 
«4R,S4i  SO 
6IO,nO  16 


l,a')9,460  90 
791.684  64 
718,176  KB 

1,900,001  91 


TotaL  <t.«67.00O 

Balaiice.8epL   8. 

Balaaee.8epL  10 

Now  York  Cltj 


4.6l9jn6  48    8,147,»i  58    2.874,781  56     9,380.616  70 
S5.SI8.n7  90  61.441797  87 
S7,.»2,6ei  79  6a.t0e.4M  95 

Bank*. — The  following  statement  sbows 
the  condition  of  the  Associated  Btuiks  of  New  York  City  for  the 
week  ending  at  the  oommeneement  of  business  on  Sept.  4, 1875: 

ATSaASa  AHOCST  op- 

Loaaasii 
B&aas. 
New  rork. 


■rts 
UksBhot*. 


NectkiMM 

do        prd 
Boeklalaad... 

■VPaal 

do 


\t%  Jaaa  t1    S3V 
MW  8«pL  6*  K% 
.    4X  Jane  Iv    tl.S  MB. 

.  UK  JwM  :*  »\  ttM. 
.  «IM  Jaas  It  «t<K  Jaa. 
MOxMay  »<  \.f',  Ab(. 


AtlanUc'A  Paeitc  vft. 


W%  Jaae  it 
1 


41',  .\pr. 


\I.r. 


IS 

1" 


HcluCi 


r>\i  Jso 
SS      ' 
44 


II 
14 

u 

io  4ftK  Apr. 

t  \0K%  I&. 
-    65     " 

MX   ' 


I  t6  Dm:.  10  i\H  Jsa.  15 
t|  «TM  Job*  lt|  84  K  Jan.  18 
Wi  Dw^  99  96)4  JsB.  18 
M%iM\j  15  6t«  Jtn.  t 
SI  Sept.  10  TBji  Feb.  • 
MM  Jans  !•{  \0»H  Feb.  • 
11 K  May  18  4*KJaa.  10 
46  May  5  74N  Feb.  t 
WM  Sept.  I  IS  Feb.  U 
t:K  JaMiT  a<  Jaa.  M 
•8  Jan.  a  lOOM  Fab.  M 
tl  Jaa.  t  t:tH  Prh.  18 
tlM  tispl.  7  M)|  Jan.  It 
a  Jane  17  38^  Mcb.  80 
8  8«pL  a  n%  Meb.  10 
101  Apr.  to  118  Jaa.  t 
«•     apr.  84   StK  Dm.  M 


n  1«  Alf.  88 
6'  n\  Apr.  ■ 
7   tt     J        — 


Ifo»  7 
88K  !(0*.  M 
48     KoT.  87 


Ma.  W88; 

JTaa.  II  m 

AfT.  a*l8^ 


I  atx  Dm.  81  5IM  8«pt.t8 
MM  Jaa.  18  ItO  Hot.  U 
88M  Jaa.  t  65M  »•«.  1 
••  Sept.  18  74  F«b.  • 
8»M  Jaa.     5.  84     Mot.  80 


51     Mch 

V      Au- 

Ohio  h  MIsslaetppI ....  I8ji  A  u 

OsDtral  of  Ksw  Jaraey  .Vb\tJn, 

th^.,  Lack.  *  trsstara.lMM  Jsu 

Haaalbal  *  St.  Jo 18k  I  an 

OaloB  Facile  88     Jto 

Col..C»lc*  I.C t     Jo 

Paaaau  .   .        lIOKJai 

Wcaten  Caloa  Tel 70k  ^'^ 

AUaaUc  *  FacUe  TaL.  18    Joiy 

QalBBaaTar    18     May 

<e        pref 18    Jaly 

PactlcMaU aojtFsb. 

A4aaslzBraes M    Jaa. 

AMrtaaa  bprass aO    Jaa«  t5 

OBlUdSlaaaaBxpraat.  4IM  Aac  II 
Walla.  Pktao  *  (& 71     Aa»  M 

Tk*  ««M  ■jirka«_Tbe  intereit  Ik  (old  haa  eaatrad  In  the 
loaning  rata*,  which  have  rulM]  hi|^wf  dm  tMBk,  aad  adTkkeed 
lo-day   to  \  per  etnt.  per  dirm  for  bormwinir     The  ttkaafers  of 
^eolB  to  Ckllferula,  nue— luting  the  d'  -nllar  amoants  In 

the  Bob-Tre— ry  hara,  hat*  bad  the  •  '^klng  up  a  Urge 

aasoant  ol  the  gold  which  constituted  the  supply  of  thia  market, 
•ad  thus  placed  affairs  to  aucb  a  pdiMakaa  to  be  eaaily  lotlu 
«MBd^a|Me«laatr«akDlpalat:  ^* -^  >i>rh  H  is  rnertad  thu 

MMB  piwllfl  0|i8iMa8i  «re  n  Uia  tkiDk  Jllketloa  ik 

ikMr  gold  twJHnkB.  iherr  _  ^^.^uatactoty  Tldekw  of  k 
dsAolto  «anUkMhNi  or  ellqae  having  beea  formed  to  maalpalkta 
tha  markBl  Bkd  make  gold  scarce.  One  tmpnrtBat  fratare  baa 
baoa  the  fact  that  rates  on  time  loan-  ••o  nearly  aa  higb 

•B  the  rmiee  for  oike  day,  and  oo  90  '  time  aa  high  aa 

1011  per  eekt.  wae  aakad,  when  tbe  price  iiii  lo-tkortow  waa  only 
1-M  or  l-9>  per  day.  Today  the  nkgeol  prieaa  ok  loaas  traa 
116  perdlan.  1S9,  \.  3  16,  i.  V 19.  aad  eloaikg  rate  f  Ukder 
eirekikMkkaBa  tka  gold  premlaa  haa  adTaaeed  materially, 
of  today  waa  117,  doalag  M  116).     At  the 


•ad  the  highaat  priea  < 


TrMunrr  sue  of  |tMO,06o  oo  'fhursdar  tbe  lata)  Mda  were  naly 
91,MI0.000,  and  tha  whole  waa  awaidad  to  oaa  party  at  115.40. 
Costoma  reeaipta  for  the  week  were  91,607/100. 

The  follotraig  tkUe  wUI  abow  thaaaarae  of  goM  and  opera- 
tioaa  of  tha  OoM  ■sahaaga  Baak  aaah  day  ol  the  past  week 


Be*  feck  Co.  Bst. 

■  sriss  Ai 

ftryOooas.  

mial »«j«>J00  8«Ull,«ril0.tlO,«»  r»JC8J0Clt4a.7«i.tMtlMtSjl'\) 

The  deTlatloDs  from  the  retnms  of  ti.e  previous  week  ar*-  ss 

to)  Iowa: 

.lac.      WtMca  I  ast  Ospaiila.  •P?r- ♦HE'SS 


.Dan. 


k   Olrealatl.. 


«atar«ay. 


Opaa-  Low-  ai(k-  Olo» 
la«.  sat.  Ml.  la*. 
lUW  Il4li  II4\  tl4M 


Tkaraday. 
FiMay. 


OaiTsat  week 

Fivnoas  waefe 

J«a.  I.im.  todau. 


.II4S    ll(v 

ir 

III  . 

.11-  . 

.11-.. 

IM  • 

IMT,   SIV, 
.llt.H  IHK 


ToUl      . kaUiKes . 

Heafisas.     OeM.   Cwieaey. 
#tu«.ooo  ti.ni.4at  gMnjn 

■Qm.080    1.181.888     ljra.«08 

n.ttBMt    I.MnJ81     1, 

818n.S88     t.WMtt    I, 

■nb.itt   y 

l.ttM14     1.S8UI4 


I17S 


lit 

MS 

iiik 


:i«l(  tl*<Jtl.888 
1 14V     t0t.fM,t80 

■.l«M  ..    .. 


i4«.a 


8«iaS::i?Pli'' 


an 


Til'  (ollokiag  ar«  the  qaotatioos  in  gold  for  foreign  and  Ameri- 

raii  coin 

Sot^r-l;.  *      . 

V.r--.l-'.r.. 

I  \  ii/'M.mana 

f.n'  •  1"     M 

rV'   f   '.  '.    '..r 
[Jttl-r.  lu.'\   :.* 

r«rei«a  ICxakaaca,— Tb«>  nxrhaago  market  haa  hung  almost 
esclnsiTnly  apon  the  moTem»-ni<>  of  gold,  aod  rates  hare  varied 
from  time  to  time  aeeordinit   t"  -xon  gold  loans.     Wh<>n 

the  borrowing  rates  for  coin  ai  '    ratrs  for  exchange  are 

eorreapoodingly  depfaaaed,  aa  in-  uiMtiot*  of  bills  are  inclined  to 
praaa  them  for  sal*  iMi  aataln  tbe  gold  for  them  Cin  Tuewlay 
the  ratea  of  leading  dtanara  were  radaesd,  aod  oo  actual  tran«sc- 
tfoks  demand  alerllog  waa  4.87  and  60  days'  4.84.  To-day  the 
■arkai  waa  much  tlemorallied,  aa  tha  rata  on  gold  loaoa  adraooed 


SBeaiL  

tlMSl  Tsat'aVa.'.'."."."."."."'.".  Ii.t.        8J.««I 
Tbatollowlag  are  tbetotals  for  a  series  of  weeks  past 
Lesal  .M— .. 

8p«el«.     Teadara 


Inc..      IM.4(0 


■aaa  It. 
Jasa  It. 

JSMtt, 


t.oaas. 
in.WIJOt 

niji:jat 
(itjnjM 


AKsragais 
'lei    ' 


Jaly  t....  <1>jn. 
Jaly  f...  ktJH. 
Jaiy  17..    jaJtt. 


_     1 
at  14 


at 


i«.«iJOt 


8^.4....    ItMMJM 

aoatoa  Baake— Below  we  giTe  a  statemeot  of  tbe  Boston 
National  Banks, aa  returned  to  tbe  Clearing  House  on  Monday, 
Sept.  6,  1876 : 

BaalU* 

-         -     %\*'Mm 


ausmlc 

Alias 

paaksioa*... 

iostea 

■oylstoa 

Rroadvsf  ..  .. 

CsatrsI 

Qolaablaa 

OoaUaaatal 

(Hot... 

(raratt... 

raaaallAsll.... 

rrasmao*a 

Olohs 

Hamlltoa 

Howard 

HaaaXsctaranV 

M*rKal 

Haaaaekaaatts.. 

MsTsrIck  

MsrnbanU' 

MstropoUUs... 


Captlsl 

|,MI,OII(' 

IJINJH 


8peels. 

fTtja. 


els.  L.T.  Notes. 
tM.MO 


I.. 

t,000,iXK 

I  jnojoso 

«o.inc 

\fKntm 

\jmsm 


I 

an  jog 

l.<HtJg 

i/awjtt 
t.jn.tie 
t  mtjw 

twum 

:,M«jit 


tMjm 
UMjm 

47t,l7t 


4.1- 

tjn 


4JI0D 

i«',iot 

MX' 

too 

100 
tt,IOO 

8I.W0 
t.7«l 


MtJN 
M.tOt 
«JWO 

atjNt' 

Itt.TUC 


Its. 
ifiM 
•41 JM 
UlWtCO 

7M.«i|l 

ttt.ioa 


ia7jK> 


MjM) 

i9i.«n 

WJOi) 
UOJW 

Tt.am 


TtJQO 
IMJOU 
•0.11X1 

■i°..4ao 
iw.an) 

715.W 
U.40B 


ixntMi; 
7tMD0 

Mt.«a 

l.l01,iW 

tst,u» 

7tt,4ki 

7l0J0l> 

787.100 

•41 .800 

I.MMOO 

iwtxw 


Olrcol. 
t<o«,si.a 

m.we 

Ml  400 
4t:,M« 
I87.7!ia 

aao.Too 

7I4.IW 
ttt,100 
784  .UOC 

am.n'S' 

4«.JD0 


tHjm 

ISO^WO 
SMJIO 

ati.iou 

\JSXM. 


24S 


THE  GHRONICLR 


[September  11,  1875. 


Mount  Vernon 

■few  BncUnd 

North 

01(1  Boaton 

Sbawmnc  

Bdoa  *  Leather 

State 

Suffolk 

L  Trader!' 

Tremont 

WaihlngtOD 

Flret 

Second  (Qranlte)... 

Third 

Foarih  

Bank  of  Commerce. 
Banker  N.America 
B'k  of  Ite<len)ptlon. 
Bank  or  KepuDUc... 

Uommonwealtb 

Olty 

Baule  

Bxchanffe 

Ulde  *  tjeathei 

Bevere 

Saoarlty 

Union 

Wnbiter 


Ospltai.     Loane.     Bpeole.  L.T.NotM.Depoflta.  Cireal- 

luo.ooo       sas.soo         ....        ;3.fiW'        as;.*.*)  locoiO 

UOO.OOO        1.H9l.l(10         IS/OC           8!.6'XI           71^.4110  tIK.mXl 

1,000.000      B.t'-i.oco      19.6U0      majioD      I.^!r>^ao  A7«j.in 

<OD.0OO        J.ISS.iUO         47.300        WMO        XjHH.iOl  •.lii.slO 

l/MP.OOa       J.4W.4H)        11,600        Jtn.liOO          8«4  1H0  j.w.wr 

i.ooo.ooo     3.;oi,7Ju      ii-'««      sttjm     l.s3.^,^c^o  i4',40(i 

a.ooo.ooo     anu.Too       a.aio       «\4oo       su.ioo  »3i,ioii 

l.tOO^OOO        S.SSO.Sl'O         4./l'3         IMsOO           ^^^.mO  TJI.TCO 

•OOJWO        !.'.>»'<. lUU         ZO.WO           tS.rOO           711  6U0  l!!|,<l'yi 

j.ooo.oDO     .i.8:».7(io      ea.Tuo      m.nio       -si.shi  bdo.kk 

750,000        2.0H.MO           l.'OO         ll-.Hin           811.100  Sss.Mr. 

1,000.000        3.«9:l,V00           1.'^         378.8(0        l.i:>.200  BSnoTo 

1,800.000        4.209.8W       ;03.?i(0         •;U.71'0        1.81'  .-00  i:3.«O0 

800,000        1  093.300         85,700          88.700           030.MO  155.000 

19S.S00           311,500         IS.COO            88.000  ST.COU 

a,000,000        11.182.100          S.«00         ■fii.tfO        \JiHH«)  5H»«1 

1,000,000        8.H5.M0           ^.W)         JM.900           «41.100  5<i0.3n0 

1,000,000        S,7I!.40(,         80,900         SI9.0U0        1.19«,%IC  «24.SIX> 

1,900,000    t.147.800              ...         158.700           78.<I.UI0  9S4.KI0 

500,000        3.4I5.KII0           5.0J0         498,000        3,7ld.5C0  SOO.dOO 

1,000,000        2.0S«,7iO          5.600         100,800         .714,700  447  6ro 

1,000,000        2.031.600           ;.3I0         186.000           -6;.600  8:7,100 

1,000,000        S.;J7.*I0       157,1110         293.700        3,1I4.BC0  Iili0.9;i0 

1,(00,000        StSl.lOJ         21,500         lEt.OOO           9,^1.600  eG2,4i  c 

8,000,000        5,70»,8«)          6.UI0         8:4.400        2,1!«3II0  99i.VK 

100,000           (06.900           5,5(0           TI.SOO           ■:67.TOO  IPf.OHr. 

1,000.000        J.8J2.5f«             BOO         14'i,»0il        1.165,600  5S3.51I0 

1.500.000        2.6)6,600           6.600         130.000        1,061.800  414  000 

Total tW.a21.775    |13J.98i.30CJ     {8;3.S00     M.416  900    »53.8!3.l(,0  iiI'M.OOO 

Thetotal  amount  "doetootherliaiika."a>per8tatemeDtot  Sept.  6,  ii  (23.97^,00, 

The  deriations  from  last  week's  ret urne  are  as  toliowa: 

Capital Incrsaae.   tlis.775  I  Lesal  Tenders Increaae. 

L,uau« Decrease.     5=^1,500    Depoelts Increaoe. 

Specie Oecreaae.     41,900  I  Circulation ..Increase. 

The  following  are  the  totals  for  a  series  of  weeks  past: 

,.  Oa'e.  i.oana.  Specie.    LenaiTendera. 

Mar  SI  ra.432,800  7,i-,l00  8,1125.800 

May  31 1S8,'8»,8«)  721,800  il,lt2,»IO  5!','.9O;20O       :S»;954,3lO 

"     ■                            "          S17.40O         f.'-Mjsaa       fa.nijai  24.793.50 

72.1,000            P.765,!WI          53.4f0.5'0  24.iil3.S0 

7  6.100            8,«9j80O          6S.98<,2ro  '.'4.19.">.«X> 

621,900            i<,4l2,S00          53.'27,800  2I.:)10,7O0 

1  5  3.200            8.29.S,8(I0          55,5:0.400  2l,5H,IO( 

2,039.400            7.7;O.fO0          .55,o  0.*  0  21,915.000 

1,79,410            8.216.401          5 '..W,!,'' 0  a,06S,'00 

I,S5-,700            8  295.SO0          52  370,3W)  2J,94I,O00 

1,0  3,000            8,96j.!«0           52,28.5,100  24.8*7,0OJ 

1,I46,;(,0            8,1I6..'SU0           53.650.000  21,6^9.(0 

90>,100            8.718,300          5:.767.6<I0  25.001.900 

90  .200            S.436J00          52.358,600  24.947,00'; 

91fi,'JO0            8  997,100           62.357.100  24.l55.70u 

873,300            9.416.900           52.833,',0U  24.959.000 

PblladoIpUla  Banks. — The   following  is   tbe  average    cod. 

dition  of  the  Philadelphia  National  Banks  for  the  week  preced 
ing  Monday,  Sept.  6,  1875 : 
D^..  Banks.              Capital.      Loans.     Sonde. 

^lllUdelphla... ».1,5UO,OCO     «5,soa,ooo     l8.'.nno 


$119  500 
466.n'J3 
803,300 


Pennelts.  Clrrnlsllon. 
B2,5S9.«X)  24,997.301 


,Ia  ie7 

,Iu  iel4..  .. 

Jn  ie;i 

Ju  ic28 

Julys 

July  12 

Jaly  )• 

Jn  y  26 

Ang.  2 isi.'MMOO 

A   E.  •    ISS.2,4.400 

A'i«t.   16 IS3.520.TO0 

Aug.  23 !38,'iB8,9{)0 

Auk.  3J 13S,552.'iOO 

Sept.  6 !3.',99S.3(0 


123,513,400 
129,871,900 
129.4:0,700 
129.P1,200 
130,513,700 
131,548,800 
13!.85<i,lOO 
l<l,52S.9i.« 


,._.- ,,.,. «5,S(»,000 

NorthAmerlca 1,000,000  4.6U1.000 

rarmers  and  Mech.  2,000,000  6,391.200 

0>mmerclal 810,000  i,601,000 

Mechanlos' 800,000  2.ia,i00 

Bank  N.  Liberties.  500,0Cu  3.071,000 

Sonthwark 250,000  1.5i'4,si78 

Kenslnuton 250,000  l,046,8ri9 

Penn S00,0CO  1.3i5.<:rt 

JVeatern 400,0(0  2,091.257 

Manuractnrera'....  1,000.000  2.58i.0l'0 

Bank  ol  Commerce  250.0C0  7SU284 

Olrard 1,000.000  3.970,000 

Tradesmen'a 200,000  1,492.160 

Oonaoildatlon 800,0(0  1.204.802 

City 400,000  1.569,66,3 

Commonwealth...,  800,000  849.000 

Corn  Kzcliange....  500,000  2,092.000 

union 500,000  1,632.0(0 

First 1,000,000  4,537.000 

Third 800,000  679,2511 

Sixth 1BO,OCO  577.'XK) 

Berentn S50,OCO  673,000 

HUhth 1I76.0C0  1.183.J00 

Central 750,100  4.111.000 

Binkof  Republic.  1,000,100  S.275.000 

BeOUlty 250,0C0  723,000 


Total  nei 
L.  Tender.  Deposits, Oil  culat'n. 

11,410,0(10      11.020.1)00    tuioo.ooo 

S,iOS,000  733.1100 

6.332.000  1.000,000 

1.770.000  631.100 

1.294,CO)  470.(00 

2.7  1.000  42O.O0C 

1,558.3,8  2t0.408 

770,9oO  220,723 

913.605  213,»6,'> 

8.299.074  212.735 

1.5;o.000  544.0^0 

64;,24l  193.115 

3.623,000  690,000 

'.,830,457  ;80.634 

7 '3^195  2ra,0O(' 

1,062,231  356,376 

63;.0  0  213,000 

2,son,ooo  27:.i'5o 

1,846,000  267.001 

4.(24.010  778,00(1 

f60..394  858.S30 

4.51,000  135,000 

451,000  Sl!i,3n0 

S  17.000  21-2.200 

8.891.000  433.1100 

1.0,55,000  7'8.000 

455,000  130,000 


27,000 

1.110.(00 

85,0(0 

1,2;2.-5U(' 

30.0(0 

510.0(0 

470 

830,11C0 

641,000 

4.952 

6I',43S 

246.500 

KXO 

280,470 

88,434 

657,208 

8C0,C00 

714 

215,961 

10,000 

l,S2S0O0 

7.951 

436.483 

1.6(0 

i:0,)94 

8,919 

858.156 

194,000 

8.;n 

776,000 

2,' 00 

2S7.000 

26,000 

1,109.000 

289.000 

10n,000 

106,000 

1T(,000 

2,fOO 

850.000 

2,4C0 

400,000 

85.000 

l»STON,    PH1I.;1DBI.P1II,1,  Etc.-Contlnaed. 


Total ll6.43S.0Oe  »61,586,'l26    fS.'7,!47     »11.3!4,5ll     »19,56!.915   tll.028,481 

Tne  deviationg  from  the  returnBot  previous  week  are  as  follown 


Deposits Inc. 

Circulation  l>ec. 


1106,219 
31,129 


I/oans Dec.   »133.20. 

Speele Inc.      17  58 

l,«tai  Tender  Notes Inc.      80,214 

The  following  are  the  totals  for  a  series  of  weeks  past 

Date.  Loan  a. 

May  21 61.20.700 

May  31 61.192,860 

,)nne  7 62.055,163 

June  14 62,  2;,r62 

June  21 6i.v09.n39 

June  23  61,146.633 

Julys 61.546.139 

JnlylS... 61,022,4:5 

J  uly  19 61,314,919 

Jnly26 61.1!l,S2l 

Ang.2 61,81%''25 

Au<.»  61.9:6.223 

Aug.  16 61,999.891 

Aun.21  61.772.364 

Au<.  30... 61.7*.lv8 

Sept   6 61,566.926 


dUOTATlONS  IN  BOSTON.  PM1L4DELPIIIA   AND  OTHER    CITIES 


Specie. 

LopalT'^n'ler. 

DenoBirs. 

Clrcnlatlir, 

111,270 

n,843.'<61 

52,r0.5'3 

11,524.359 

133.858 

18.0  19,314 

53,ns,lf6 

10.956,768 

15.V51 

16,913,349 

5-2,651,702 

10.982,39,3 

141,316 

15,3  ,5,264 

51,615,412 

10,965,154 

ie5,!.23 

15,4-^2,930 

60.I.5I.5S8 

]0,8:5,6'1 

124,915 

15  214.860 

49.8  0  685 

10.343,121 

aS4,570 

15,081.78) 

MM  -,610 

10,8-24.437 

&30,160 

15,016,031 

4'',S75,079 

10.S65.3I8 

300.318 

14,HI1.163 

50,3«8.6')1 

10.924,713 

2:2  540 

I5.0i:.«23 

60.-269,033 

10,85  ,643 

.'25.719 

14.8(M,5« 

50.6'5.715 

1'.8.,7,0I17 

4114.914 

14.663.124 

49.i«3,  68 

10,9f2,S12 

346.672 

14,5;-2.0;6 

49,693  912 

10,673..5(5 

234.163 

ll.5.>5.'212 

49,011,013 

11,0:4.21'6 

809.510 

14,231,297 

49  4,56,(63 

1 1, ■  59.61- 

S27.:47 

14.314,611 

49,362,915 

ll,02i,4tl 

SKCCRITIR) 


BOSTON. 

MalneM 

Sew  Hampshire, 61 

VerTnOBt  m 

Massacbosetts  8b,  Gold 

do  As.  Qold 

Boston  8s,  Currency 

do     Ss.KOld 

Uhlcago  Sewerage  78 

do       Manlclpal  7b 

Portland  6s 

Atch.  di  Topeka  1  st  m .  7b 

do  land  Kt.  78.... 

do  2d  78 

do  land  inc.  Ui.. 

Boston  &  All^any  7s  

Bo'ton  &  Maine  7i> 

Barllngtoa  &  Mo.  Xeb.  8b.  1S94 
do  do    Neb.  8b.  1883. 

Basiern  Mass..  78 

Ind.Cln.A  Laf,7B,  1869 

do  equipment  IDs. 

do  funded  debt  7b 

B^densbareALaKetJb.ba 
Id  Gol.  A  Newport  Bds,  7,  *77. 

Jlulland.new  79 

Verm'tCen.,l8t  M.,cons.,7**86 

do      2dMort.,7.18M 

Vermont  A  Can.,  new,  B» 


Bid, 

lOlH 
101 K 

.;!.! 

'07" 

?:: 

Si« 

68' 
70 

lij" 
uox 

loik 

33 

66    1 

80 

83" 'j 

ii-i" 

•::i 

SBCURITIIS. 


Vermont  ft  Mass..  1st  M.  6.*83. 

STOCKS. 

Boston  &  Albftiiy  ?tock 

Boston  A  Lowell  stock 

dOHton  A  Maine 

Boston  &  Providence  

Bnrilngton  &  Mo.  In  Nebraska 

(llieslilre  pruferrefl 

Chicai^o,  uur.  &  QiUncy 

Jin. .Sandusky  ft  Clev. stock. 

Concord 

Connecticut  River 

uonnectlcnt  ft  Paaanmpelc,  pf. 

Kastcrn  (Mass.) 

Kaatern  (New  Hampshire) .... 

fuchburg  

vfanoheater  A  Lawrence 

Nafliuaft  Lowell ;. 

.lortliern  ot  New  Hampshire. , 

Sorwlch  ft  W  orcester 

Otrdens,  ft  L.  Chomplaln 

do  do      prel.. 

Old  Colony i 

fort.jSaco  ft  Portsmouth...  . 

llatland  common 

do     preferred 

Vermont  ft  Canada 

Vermont  ft  Masaachnaetts 

W-oroester  ft  Nashua 


Bld.lAak 


....'  61V 
112     i'.12)< 


ISO 
50k 


;S2 

80 
7J 

82  Ji 
S3 
113!h 


50K 


.15 
12S 
34 

114" 

I'JSX 


loe 


ilOVaiTIBS. 


PHILADELPHIA. 

tTATK  ANP  OITT  BONDB. 

Pennsylvania  5s,  conp 

do  do    reu 

do  61,10-15,  2d 

do          do       ia-».  3d.. 
Philadelphia  6s,  old 

do  6s,  new , 

Alletrhany  Conntv  58,  coup... 

Pittsburg  4s 

do       5a 

do       7a 

New  Jersey  State  6a,  Ezemptt 

Camden  Ooanty  8a 

t-^mden  city  7i» 

D«ia«  ar(^  6i, 

Uarrlsbarg  City  6a 


HalLBOAD  8T00XS. 

Camden  ft  Atlantic 

do  do      pref. 

Catawlaaa 

do        prer 

do        new  pref 

Blmlra  ft  Willi amsport 

Klmlraft  WUIlamsport  pref.. 

Bast  Pennsylvania 

Huntingdon  ft  Broad  Top  .. 
do  do     pref. 

Lehigh  Valley 

Little  Schuylkill 

MinehlU 

Neaqnehonlng  Valley 

Norrlstown 

Northern  Central 

North  Pi-nnsylvanla.  ..  

Oil  Creek  ft  Allegheny  River. 

PeniBvivanla 

Philadelphia  ft  Eric 

Pniladelphlaft  Heading 

Ptilladelphla  ft  Trenton 

Fblia.,  Wllmlntf.ft  lialtlmore. 

United  N.  J.  Companies 

Weat  Chester  contoi.  pref...^. 
WeatJeraey 

OANAL  BTOCJKS. 

Lehigh  Navigation 

Uorria 

do   pref 

Schuylkill  Navigation 

do  pref... 


102  k 
102  S 
1061. 

;i-2  ■ 
:(»4V 
lOVK 

so 

60 

aiJi, 

U7 

:(5 

100 
04  Ji 


SIX 

54 

19 

48* 

41 

23 

89 

59>s 

7 

12X 
62H 
50 
58 
i'H 
95 
-'9 
63X 

9 

SOX 
80H 

131 

6.' 

ilslX 

,  5( 
30 


5054 
51 
131 
7 


BAILBOAD  BONDa. 

Allegheny  Val  7  S-lOa.  '.89«  . 

do        Is  K.  Ejt..l910 

do     Inc.  7send.'91  . 

Belvldore  Delaware. lat  m,6.'7: 

rti  do      2d.M.es,'«5 

do  do      Sd  M.Cs,'87 

Camden  ft  Amboy. 6s,  '88.... 

,lc  do       6s,  "89 

do  do  mort.  6s,  '89. 

Cam.  ft  Atlan.  li'tm,7a,  g.  I908i 
do  2d  do 7a.  18*i... 

Cam.  ft  Bnrllngton  Co.  6d,  '9:. I 

I  atawissa,  new  7«.  1900 

Cayuga  Lake  1st  m.  g.  7",  1901 

ConnectlnK68  1900-1904 

Chartlers  78. 1901 , 

Dan..H.  ftTVllkPS,lstmH7l>,*8J 
D'-laware  more.  6s,  various. ... 
Ba8tPenn.l8t:nort.7s,'88...  , 
Bl.  ft  IVmapoit,  latm,  'a. 'SO,; 
do  do   58,pcrp; 

Harrlshurg  lat  tnort,6a.'83....; 

H.  ft  n.  T.  Ist  mort.  7a,  '90 i 

do      2d  mort.  7a,  '75 

do      8d  m.  cona.78, '(S. 

Ithaca  ft  Athens  g.  7a.  '90 | 

Junction  Ist  mort. 68,  *8S j 

do       2d       do  1900(9S) 

Lehigh  Valley,  6a,  1898 1 

do        do         do     reg,  189Si 

do        do         do       78, 1910 

do        do        con,  m.  6s,  1923 

do        do  do  reg  19;S 

LUtle8chaylkin,UtM..7. 1877  ' 

Northern  Central,  2  1  ra.,68,'8;i 

Norlliern  Piclflc  7  3-lOs.  1900. 

North Penn.  latm,68,'85 

do  2dm. -(8, '96 

do  chattel  .•*).  108 

fli>  gen.  M.  7s,  1903.. 

(Jll  Creek  ft  Ale.  K  .oi  n.  7s,'8t 

(JilCreeklst  ni.78,'82 

PennftN.r.C.ftKk  78.-96-1906. 

Pennaylvanla,  Ist  M .,  6, 1»80. . , 

<io         gen.  m.  1910,  coup 

do         gen.m.,  reg.,  19ll 

Perklomen  1st  in.68,'97 

Phlla.  ft  Erie  1st  m. 6s, '81.... 

do  2d  m.  78. '88.... 

Philadelphia  ft  Beading  ea,  '60 

ilo  do      7a,  '93 

do  deb.bonda,-93 

do  g.  m.78,  c.  1911 

do  do    reg, 1911 

do         new  conv.  78,  '.393 

do  Coal  ft  I. Co  m.,78.'92-'3 

Pitts.,  Cln .  «  St.  Louis  7b,  '90. . 

Shamokln-V.  ft  Pottsv.  78, 1"C:. 

Steubenville  ft  Indiana7s.'84 

Stony  C  (ca.  I8t  m..  79, 19(7. .. 

Sunhuryft  Krie  ut  m,7s.'77.. 

Sunbary  ft  Lewlston  78. 1390.. 

Union  *  Tltasvllle 

U.iltedN.  J.c  ns.  m.  69,  M. . 
Warren  &  y.  lat  m.  (8,'M..  ... 
-Westchester  cons. 78, '91.  ... 

West  .Jersey  1st  m.6s,  '96 

do  do    78,  :397.... 

Western  Penn.  RH.  68. 1393.... 

do         do     68Pb'96  

Wllmlog.ftUead.,l8tM.,7,190<i 
do  do   2d  Mort.  1902 

OANAL  BONDS 

Del»ware  Division  6a, '78 

Lshlgh  Navigation  <a.*llt 

do  RU, '»!.... 

do  Ti  

do  conv  ,  '82 

do  oonv.,  g.'94. 

do  gold,  '97 

Morris,  1st  M., 6, 1876 

do      2dM.,  1376 . 

do      boat, '35 

PennsylTanla  68, 1910 

Schuylkill  Nay.  lat  m.6s.'97.. 
do  2d  m.,  6b,  1907 
do  m.  (B.C.. '95.. 
do  68, Imp., 'SO... 
do  6b,  boat  ft  car, 1913 
do  7B,boatft  car,1915 

do         scrip 

Bnaqnehanna  6a. :B94 


91)-. 

(-5 

ro 

100 

91 

59 

101 ')4 
luO 
,04X 
110 
1(5 

93 
;01 

95' 

•25' 
100 

102 
ilL3 
(0 
;;01>i 
1,06 

;02 

'  50 
(ICO 

96 

66 

101 

10351 

iOS>., 

99" 

;(0 
is). 

103 
106 
106 


i06>4 
113>.. 

108)4 

i,3 

99 

88 

101 K 
109 

31  >2 
107 
K8 
lOSik 

9j 

75>i 

85 

75 
100 
.00 

22 

lOi" 

-.64' ' 
9  a 

■lis 
79 
SO 


93 
lOIX 

lo: 

96 
l04 
103 
l02V 
102 
102 
10-2 

69 

94X 

Sly 


104 
104 
107 
It 
lOS 


10) 


XH 


aX(3TTUTXSS. 


92 


liii 

92 

86S 

52 

96" 
91H 

lOl 

101      ! 

us 

I 
1055i 

;(»"; 

98"j 
lOJ" 

loi" 

102' 


no 
1(6' 

i9J4 

106  ii 

114' 

58 

so 

103 

oiji 
m\ 

'0" 

89 


95 
102 
lOlX 

97  >» 


ICI 


do 
do 
do 
do 
do 
do 


RALTIITIORE. 

Maryland  6?,  delpnre,  .1.  &  .1 
uo  68.  exempt.  1HH7. .. 
do        6MW0.  quarlerly. .. 

do        58, quarterly 

Baltimore  66, 18S4.  ouarti  riy. . 

do        68,1886,  J.  ft  .) 

6'.  1390,  quarterly.. 
6B,P»rk,lW,  ti— M 

6»,l-93.  M.&  S 

6«.exempt,'93,.M.&S 

Cs,  isai,  J.  ft  J 

«8,H0'2.     do    

Norfolk  Wai'  r,88 

BAII.lIOAn  STOCKS.      Par, 

Bait  41  Ohlo-St' ck lOO 

do        Wash.  Brurc>i..'(0 
do      Parkersbnrg  Br.  5i 

Northern  Central 60 

Western  Karyland fi(' 

TentraK  hlo 50 

Pittsburgh  ft  ConncUsvlile.  50 

RAILROAD  PO>D-. 

Bait. ft  Ohio  68, '.t 80,  J.  ft  J.... 

do  68.  18!,5.  A.  *  O... 

N.W.Va..8d  M,<Ruar)'-5,  J.ftJ. 

Plttsb.ft  Ccniellsv,  78.'98,  no 

Northern  Central  6b.  1865.    do 

do  68, 1900.  A.*  O. 

do  6s,  gold,  190(1. . I  ft  J 

ten.  Ohio  6<,  l.t  M.,'990,M.ftS. 

W.  Md.68,lst  M.,(Kr)'90,J.«  J. 

do  IstM.,  fi90.  J.ft -J. 

di  21  M..  rgU'>r.)  J.ftJ. 

do  2d  M..  (pref.) 

do  S'V.tgr.by  W.  o.)J.ftJ. 

do     6s,  3d  M  J  (guar.)  J  .ft  J . 

Mar.*  Cin.7a.  F.  *  A.,  1692... 

do  2d.M.A  N 

do        88,Sd, J.ftJ 

Union  KR.,  istnuar..  J  ft  J., 
do       Canton  endorsed.. 

KTFOBLLANKOra. 

Baltimore  Gas,  certificate'. . . 
People's  Gas 


WASHINGTON. 

Penn.  Imp., 6s, g,  1391 

do         7s,  R91 

Market  Stock  bonds.  7a.  1592. 
If ater  Stock  bonda  78,1901... 
"  "  7»   19('3.. 

i^und.  Loan  (Cong  )  8.65s,  1924 

JyearCerB.,7  3-10,  1875 

Ten  year  Bonds,  68, 1678 

'onrt  ,  Loan  (Cong  )  6  g,  1892, 
Fund. Loan  (Lec).(s.g,1902.. 
Cei  11. of  Slock  ;lr28)58,  atpleat• 
"  "  (liM3)e«,atplea( 
Ches.  ft  O.  «t'k  ('47)  68.  at  pleas 
Board  of  Public  Works— 
Cers.  Gen. Imp. 88, 1871 

Co  1875 

do  1876 

do  1877  

do  1878 

do  Series. 

Certlflcaiea,  Sewer,  88,1874-77. 
Water  Certlflr8le8.8s,  1377... 

GBOBGBTOWN. 

general  block, 8r,  1881 

do  68,  at  pleasure. 

Pounty  stock.  6s.         do 
Market  Btuck,  68,  d^ 

CINCINNATI. 

Cincinnati  Ss 

do         69 

do         7s 

do         ISOt 

Cincinnati  South'n  RR.  7.S0b  • 

Ham.  Co.,  Ohio  6  p.  c.  long  bds. 

do         do     7  p.c.,lto5yr8. 

do         do     Ig  bds,7  ft  1.301 

Cln.  ft  Cov.Brldge  a'ock,  pref 

do  bonda.  long. 

Cln..Ham.  ft  D..  Ist  M.,  -;,  80... 

do         do      2d  M.,  7, '85... 

do  do       3d  M.,  8.77... 

Cln..  Haro.ft  Ind.7B  gnar 

Oin.  ft  Indiana,  let  M.,7 

do  do     2d  M.,7, 1877.. 

Colum.,  ft  Xenia,  1st  M.,7,  '90. 
Dayton  ft  Mich.,  Ist  M.,7   81., 

do         do      2d  M.,7, '84.. 

do         do       SdMM7, '88.. 

do  To'do  dep.  bda,  7,  ■Ht-'»4 
Dayton  ft  West.,  lat  M.,  1881. . 

Jo         do       latM.,  1916.. 

do  do      lat  M.,  6, 1905 

tad.,  Cln.  ft  Laf.,  Ist  M.,7 

do  (I.ftC  list  M.,7, 1881 

Little  Miami,  6, 1883 

Cln,  Ham.  A  Dayton  stock, .. , 

Columbus  ft  X  CD  I  a  Block 

Dayton  ft  Michigan  stork 

do         3  p.  c,  at'k  gnai 
Uttle  Miami  stock 


;09V 

109 
104 

85 

1044 
106 
106* 
105 
104 
105 
1'5 

83 


Ot 
109 
100 

9'X 

100 

97)i 

97).. 

S6X 
I  to 

89 
iiU 

89 

90 
100 

9S>, 

90 
90 

101 
i] 


LOUISVILLB. 

LcniBvllle  68,  '82  to  '87 

do         68, '97  to '98 

do         Watei  68, '87to'S9.. 
do        Water  Stock  6a,  '97. 

do        WharfBa 

do       apecial  tax  68  of '89. 
Jeff.,  Mad. ft  I,lstM.(l*M)7,  '81 

do         do   2d  M.,7,. 

do  do    ist  M.,7.1906.... 

Loniav.C.  ft  Lei.,  iBt  M.,7.  '97.. 

r  oulB.  ft  Fr'k.,  ut  M.,6,  '70- '78.. 

do      Loulsv.Loan,6,'8l 

L.ftNaah.lBtM.  (m.a.)  ,,'77.. 

do    Lou.  Loan  tm. a. 16, '8f- -37 

do         do      {Leb.Br.)6.'S6 

do    IstM .  (Mem .  Br) 7. '70-'75 . 

do    l8tM.(Leb.br.ex)'i.'80-'86 

do    Lou.L'n(Leb.br.ex)6,'93 

do    Consol.l8tM..7, 1898.... 

Jefferson..  Mad.  ft  Ind . 

Lonlsv., Cln.*  Lei. .pref 7 

do            do         common.     4 
Loulzvine  ft  Nashville 31)i 

ST.  i,oi;is. 

SI  Louis  68,  Long  Bonds "99 

do       Water  6s  KOld '  1M« 

do  do       do   (new)*  104)^ 

do  Bridge  Approach  g. 68"    .... 

do  Renbwal  gold  69 •  104J4 

do  Sewer  g.  6s  (iluc'91-2-3)'  1C4)4 

St.Loui8Co.new  Park  ff.  68 

do  c'y,  78 •  103>» 

At.ft  Pacific  guar,  land  grants 
do      2a  M.  (funded).... 

•  And  Interest. 


n 

97 

98 
98 
«7« 

lOOJi 
(6 


82 

sax 

SSX 
88H 
88X 

e=x 

95" 

95 
80 
SU 
80 


•80 
•9S 

'108 
•lOS 

103), 
•92 

■no 
•102 

115 

iiO 
101 

98)4 
Ud 

80 

90 

-.6 

;oo 

100 
91 
89 
97 
-100 
85 
7S 
71 
91 
93 
10 
96 
42 
1(2 
95 


vtk 


98 
I18 
92 

lot 

92 
100 
102 

f 


103K 


6«H 
t9H 
8«H 
B9X 
8»K 

f!« 

98 


91 

lOS 
107 
104 
94 
lUi 
I(W 
120 
99 
■.(13 
»5 
1011 
31 
81 
78 
1(8 
102 


M 
»1 

91 

»t 

91 

91 

90 

71 H 

h» 

n 

86 
90 
96 

ss« 

89 
67 

'i" 

6 

8'i 


IW.X 


t03 
104H 

40 

11 


Scpbmbor  U,  1875.] 


THE  CHRONICLE. 


240 


GFNERAL  QUOTATIONS  OP  STOCffS  AND  BONDS  IN  NEW  YORK. 
'-•  mettM  RmUnttdB^ek*  '»'■»  «HK«*rf  «n  •  precunw  pay*.    Prieet  revrgtent  tli$  ner  ctiU  wtiui.  ahateter  tht  par  may  be 

I.    -   ■      .  -n.  :^=^ ■ 


n  «  P-«-». 


mat*  B*u«a. 

S^fta.:::::;.:::.: 

to     «^H«  .. 

4e     li.Al*.ftChM.R.... 
to     •■ at  UN. 

1»,L.B,>.«.*K.O 
'SlilH.O.AR.BlT. 
1»,  Art.  CHL  K.  ... 


—        li.l 

to      n.«atonM.. 
to      K.BOM  bowU.. 

iSlMkk  ceapoa°.'wn'.! 
to  to       'Jn  . 


a 


uotmiTin. 


■a|ir0«4  Bond*. 

(A«dt  gzcJionat  PriittO 

SS    JL  in  ::::: 

do      _,,    4o  jn«r  .. 

Bur.,  C  J$Ml  *  lUon.  1  u  Ti .  ( 

CbeuniSVoiUo  la.  lit  at.. . 

^  do        excoap 

Chlc<c«  AiJlBoIi  lUkinc  fond. 

do  to    IfinwTt 

do         00    toeonM 

cue.  Bur.  *  Q.  8  p.  c.  lit  m. . . 
do  do   ooBaoI.m.li 


It* 

iii: 

m" 

is 

a) 
lii" 

MB 

iM" 


i 


8W 

49 
MS 


•xotritnis. 


Tol.  *  Wabub.lttm.  m.t.dlT 

do  do       adqiort 

to  do       eqalpmt  Mi. 

do  do       con.  convert. . 

BUUdtMl  •  K«pl«.  l«t  inon.. . 

OreM  WMtefli.  I«l  mort.,  1888. 
do  2J  uiO«..  IIW^ 

Qnlnrj  ft  Toledo,  l»l  mort.  18K* 

Illlnolaft  So.  Iowa,  IM  mort.. 

Lafayrttc,  Hi's  ft  Mlu.,  IM  m. 

Ran. ft  Ontril  MteaoDft,  1st  m 

PckhuUncolll  t:  Dc  «a<or.  Ut  m 

CtB.,  L^tTctte  *  Ohio.,  in  m. 

D«l.*Ha(UonOal»l,  Ulm-tl 
d«  to  18M 

do  to  in*. 

Lonff  laland  RR..  IM  mort 

Sooth  Side,  U  l.Aii  m.  bonda. 

Weaiem  Unloo  TeUlUia.  7a. 

niccrllaBcona  ■.!>(. 

I  Broker  t'OuotakiHU.I 

ctrlMl. 


S>^ 


lOBH 


10% 


Mafvi 
T«aan««i,aM 

fCBbA,  Mi^"  ** " ' 


do  to     aoaaoi 

'"»  TMtt*  Krv  Ra< . 

V.ClI»tfc.» 
to  «a.nR 

«a,t«al«nav 

"-  iManvuon 

toar^  w.. 

»|at  ■i.,cioiii 

'laoa  ■.«,]•■.  *7«.'3il. 
•  r  loB.  IM  Ban.  li.  Ma». . .  ^ 

lo        to  raa 

rth  ll1a*Mrt,MBM>rl 

oftltlM.eiaanl.  alak.  M 

to    Hdo 

■■■>        .*•_«««  "f"*- «IT. 

I.  totnl  racflc  (Old  bolto.. . . 
to  JHajMociatr^ 

to   Oh.  ftor'ion  Ut 


■tHoM. 
kTaaartUaft  Cra«for4aT,7i. .{ 

iria  *  riMabws  lat  :• 

to  to         Mia 

■**..Sfla?.ii:; 

f.irfttMrh.(. 
«  Pn*  M.  7a.  UadaraA. 

«  .  Jarkaonft  8^.ti 

.  It.*  U4.  Itlraar'a  ... 
«  L.  O  la... 


a      1,. 
M       U 
M 


144° 

... 

f 

m 

••^a 

::;■ 

i»- 

,J»-- 

»% 

::• 

mt 

.": 

:■• 

m 

.... 

•ax 


Jack  .  K.  W.ftK.  B.laim.t.'ii 
Kaoaat  I*ac.  7a.«xtcnaloa.cold 
do  la.  laad  craot.cld 
to  la,  to  »v*  aid 
to       •i.cMLioacftPec 


•ktoVeli.  ft  Ai 
CLe«VaBj.tir'ocli 


£{ 


s 


to 

Clan.*  Pitta.. 

to  ifn 

Cal-CMr  *  ■- 

M.lTAlr 

d.i  it  a 

AltaB*T,il.,lai  mart Ug 

do  ia    M  aon.  pnt.. .  \m 

•<  >    _  to     M  mart,  laeova 
B«ll«TlD«ft  S.  III.  K.  tat  BI.6. 
Tol.,  Paena  ft  Wanav, 
to  to 

to  to 


&ieonMa.]lo.il 
to       >o.  M. 

Mock. 

K  ajaaiaioo^ft  MmJ^  g.  ta,  vnai  I 

K 

K»li.C..»Li - 

do       do  do   Sa  of  "W' 

Kaoksk  *  Daa  MotDaa  lit  7a 


Kalaaiaioo  ftaeaUiB.ta,iniari 
Kal..  Allnihaa.  ftO.  B.aa,KDar; 
)i  asaaa  Cflf  ft  CaOMroii  Ida. . . 
Kan .  C.  •!.  Jo.  ft  C.  B.  Ka  of  n 


Tal. 


aa  ao  ^laiaw 

do  _  to   coaaol.Ta 

L*Wrta*,Ml 


M 


to        latcoan,<>ct..*n> 
fandnl  lot.  laj 

prrf.  nork...' 

.OM.akeT«RR.  Ut  m.  (Id  7i.| 

'  •  ■■■>.  ft  Mlaa.  lat  7a.  irold.  > 

.Atch.  ft  N.  W.7i.  «o«r..l 

.Law.  ft  oal.laiiii..  IM..' 

ftlrLdMli ' 

F'lJJ&i''''-*-"' 


*  ioMt         told.. 

. l.*5aMI«Ui.l0a.i 

to       to        do  la  m.  Ida. 
X.  UTW,  MlddlM-B  *  W.  1(. .  I 


m 
loi" 


idD 

90 

i6' 

79 

M 
» 
W 

» 

a 

a 

10* 
40 


azcrkiTiia. 


N.J.  Midland  lit  7>,(0ld 

dp  M'lt 

IT.T.  ft  0(w.  Mid.  lit  7a,  gold. 

do  do       2d  71,  conT. 

Nortl .  Pae.  lit  m.  told  7  S-l(«.. 

nmal  a  ft  Snothwratem  RR. « 

Oawcto ft  Rome7i.iruar 

P»orta,Pekln*  .Mat  mort.... 

Peoria*  Keck  I.7s,icold 

Port  Hnrooft  L.  M.%,(M,end 

Pullman  Palace  Car  Co.  atock. 

do       bdi.  8a,4th  serlei 

RoekTd,  R.  T.  ft  St.  L.  lat  7a.  (Id 

Slondonl  ft  Oiwcfo  7t,  (OM... 
Imu  CItT  ft  PacTflc  «a 

Southern  iltnn.  conilrnc. 8a.. . 

do  7a.. 

St.  Jo.  ft  C.  Bl.  Ut  mort.  lOi.-. , 

do         do  8p.  0. 

St.  Jo.  ft  Den.  C.  8i,  gld,  W.  D. 

do  do    8a.  aid,  B.  D.. 

BaodiukT  Jf  aoa.  ft  Newark  Ta. 
Bt.  Lonla.  Tandalla  ft  T.  H.  lat. 

to  do  3d,  (oar. 

M.  L.  ft  eo'eaatem  lat  7a,  gold. 
KUftl.MI. 'Ark.llr.>7a.K. 
Bealiiem  Central  or  N .  V.  7a. 

Dnlon  *  l.««iiiport  71 

DBlen  Paollfe,  So.  branch,  la,  g 

Walklll  Taller  Ut  7i,  aold 

Wedt  Wlaconaln  7i.  goM 

WlKonatn  Vallej  Sa 

Sontbarn  S<carlUaa. 

'.Avittrt'  gtu>i>A.-«nt^ 
,  8T>Tn. 

LoDlilaoanew  eonaal.Ta...... 

Sooth  Carolina  new  roneol.la. 

Ttxaa  Bute  M,  ISTI,  ex  Int.  .. 

^^         la.  l»l-«,  ex  tot.. . 


do 
do 


71,  gold,  ex  Int    .. 
IM,  of  IM4,  ex  Int 
lOi,  penilon,  ex  Int 
ciTika. 

ftUiBta,  Ot.,  71 

do       8a.... 

lata,  Oi.,  71,  bond! 

leitoBitockla.i.......... 

loatoB.  8.  C.^i.  T.  L.  bdi. 

nbiu,Oa.r7i,'bon4ia 

bbarcM    

.n7i,Donda 

•iphlaold  bondi.la 

do       new  bondi.la 

,      do      end-.M-ftC.  KB.  ... 

Mobile  9a,(caupa.  oiu 

do     8a.(C0upa.  on) 

Uontaomerr  9a 

KhrUlela.old 

do       la. new 

Raw  OrlaaaaBa 

coaaol.  la 

bonda.  7a 

iMIa.qnartarl}' 


Bid. 


to  nilrbato.'^ ! 


t^old 

to       tl.  new 

Wnmlagtoa,  M.  cm, gold.... 
do  do     8a,  gold.... 

lAiLaoiDa. 
ftla.  ft  Chatt.  lat  m.  la.,  end.. . . 
ftS.  *  tenn.  K.  lat  morv  7a. . . 
to         do         Umorlr'a.... 

AHaatlcftOBlf.oonaol 

do  do   tod.  Saraali. 

do  do   atock. 

to  do      to    nar... 

ICaroUiu  Central  In  m,  la,  a.. . 
Oiatnl  OeorgU  eonaot.  tnTTa. 

do  atock 

Obariotic  Col .  ft  A.  Mt  M.  la.. . 

do      atock 

u  ft  BanBBah  la,  aad 

ft  Char,  lat  m.*.... 

jwft  OarllnglonTa 

Teaa.ft  Georgia  la.  u.... 
Tana,  ft  Va.  ia,  and.  Tean 
lanTVa.  ft  Ua.  lat  m.ta... 

do        Mock 

BK.7a 

to~  atock 

waTlIle*CoL7a.giwr 

,.    to  do  ia,e«rttf.... 

hlafoa  ft  Braaawl^  aad.  Ta. . . 

ptaooaftAagoMaSoato...  .. 

to  do      aatonad.... 

^to  do      atock. 

MempbU  ft  Charlaataa  1«  7a. . 
do  to         M7a.. 

do  do         atock  . 

htarapkU  ft  Liuia  Rock  lat  m.. 
Mh-f-*rr'  Central  tat  m.  -a. . . 
do  j-adm.  8e.... 

Mlaalaalpal  ft  Tcuu.  IM  m.  7i. . 
to  do     conaol.  Ba. 

Moalaomarr  ft  W<M  P.  lat  aa. 
to  do  Income 

«.  ft  Ksfanta  IM  8a,  g.  end. 
'    ft  Mont.  M,  gold,  end.. 

ft  Ohio  aurlhg 

do      do    ex  certir 
do  8a.  lotereat.... 
do  Mniort.  8i.... 

do    Block 

K.  urlcanaft  Jarki.  lat  m 

do  do    cerlU'ila. 

iT  Orleani  ft  0|>eloua.  in  m.  8t 
SaahTllle  4k  Chatlanooita  la. . . 
Norfolk  ft  Petenburg  lit  iD.|a 
'      do  do  iB' 

do  do         M  m .  8a 

Kortbeaatem,  S.  C,  lit  nj.  8a. . 
do  2dm.  81... 

Orange  ft  Alexandria,  lata,  la.. 
do  do  3di.  la., 

do  do  Ida,  8a. 

do  do         4the,  Ba.. 

Blchffl'd  ft  Peterab'a  lat  ro.  7a. 
Blch.,  Fre'kab'g  ft  Poto.  la. . . . 
do  do  conT.7i 

Bleh.  ft  Panr.  lat  coniol.  la. . . 
gonthweil  RH.  Ua.lMm. 
B.  Carolina  RR.  Ill  m.  7a,  new. 

do  la 

do  71  

do  itock 

Weat  Alabama  da,  goar 

PAOT  i»va  owt'Toaa. 

TsBiiMMeataM  coupon* 

Virginia  oonpoiu 

do      Gonaol.conp 

ll«apUaCli]roonpou. 


Aak 


s** 


lOO 
71 


w 

5" 

w 

m 

M 

Ml 

IS 

r. 

1* 

8 

I 

-H 

V 

s 

s 

M 
40 

g 

U" 

f 

n 

jj 

84 

n 

411 

M 

8 

9 

s 

§ 

g 

n 

s 

14 

IB 

m" 

i 

VS 

1 

is' 

S" 

g 

m 

« 

io" 

8 

n" 

g 

Vi 

2 

4S 

N 
7(1 

■! 

11 

8 

U 

1 

M 

1 

.... 

( 

aa' 
m 

7 

i 
I 

m 

i 

m 

II 

an 

87 

m 

18 

» 

40 

4)1 

« 

48 

80 

M 

a 

47 

8 

m 

H 

81 

8* 

m 

78 

80 

s 

81 

M' 

s 

90 

8» 

a 

II 

74 

7« 

90 

80 

ao 

m 

« 

a" 

a 
a 

94 

s 

m 

M 
90 

8 

98 
M 

S 

90 

m 

250 


THE   CHRONICLE 


(September  11,  1875. 


NEW  YORK  LOCAL  SECURITIES. 


Bank  Stock  Mat. 


CoaPAHiu. 

lUrked  thus  (•)  are 
aotNatloDal. 


Auerlu*... 
AroeHcan  ExcbaDge. 

Bowery 

Broadway 

Boll'a  Head* 

Bntchsrs  *  Drcvera 

Central 

Cbatbam« 

Chemical 

CltUeiX' 

City 

Oommeroa 

Continental 

Cora  Exohanffe*,... 

Currency .. 

Dry  Goods* 

Bast  River 

Kleventh  Ward" 

Plrth 

First 

Fourth  

Pulton 

Oallatln 

German  American* 
German  BxcbanKe*. 

Se.'manla* 

Greenwich* 

Grant!  Central' 

Grocere* 

Hanover 

Harlem* 

Importers'  &  Traders'. 
IrVlnK 


Island  City 

Leather  Mannfaclrs... 

Loaners'*    

Manufctrers'A  Balld.* 

Manhattan* 

Manul.  &  Merchants*. 

Marine 

Market 

Mechanics  

Mech.  BkK  Asso'tion.. 
Mechanics  A  Traders.. 

Mercantile 

Kercbants 

Merchants' £x 

Metropolis", 

Metropolitan 

Murray  Hill*  

Nassau* 

New  York 

New  York  County 

N  Y.Nat. Exchange.. 
NY.  Gold  Exchange* 

Ninth "... 

North  America* 

North  River* 

Oriental* 

Paciac* 

Park 

Peoples* 

Phenlx 

Produce* 

Republic 

St.  Nicholas 

Seventh  Ward 

Second 

Shoe  and  Leather 

Sixth  

State  of  New  York.... 

Tenth 

Third 

Tradesmen's 

Onion 

West  Side* 


Capital. 


Par  Amount. 


S.OOO.OPO 

5.000.000 
250  WO 

l.OO-s  1*1 
206,000 
800,000 

2,000,000 
490,000 
800,000 

(M),oor 

t,O0OW) 
10,000.000 

1,900^X1 

l,0i)O00U 
100,000 

1.000,000 
890,000 
VUO,000 
ISO.OOC 
500.001) 

9.000.000 
600,000 

1  500,000 

lOOO.OOO 
2(10,0110 
200,000 
200,000 
100,000 
300,000 

1  000,000 
100,000 

1  500,1*0 
500.000 
100,0(0 
600.000 
S0U,(«O 
«0,000 

2.090.000 

soo.ooo 

400,000 
1.000.00C 
2,000,000 

600,000 

1,000.000 

3.COO.0CO 

1.000,000 

500,000 

4.000,000 

2-JO.OOO 

1.000,000 

3,000,000 

200,000 

500,000 

500,000 

1.500,000 

1,000,000 

400,000 

300,000 

422.700 

2,000,000 

4!2,S0« 

1,800.000 

WOJXtO 

2.000,000 

1.000.000 

300.000 

300.000 

1,000.000 

200.000 

2.000.000 

1,000.000 

i.noo.ooo 

1.000.000 

1.500.000 

200.000 1 


DiTISSHSS. 


Periods.    1878     1874     Last  Paid 


J.«i  J. 
M.AN. 

J.&.I. 
.!.&  J. 
Q-J. 
J.&J. 
J.&  J. 
J.&  J. 
ev.2  mos 
J.4kJ. 
Q-F. 
J.&  J. 
J.&  J. 
F.*A. 
J.&J. 
J.&.I. 

J.&  J. 

J.&  J. 

M.&N. 
A.*0. 
F.*  A. 
M.*N. 
M.&X. 
M.&N. 
M.&N. 
J.&.J. 
J.&  J. 
M.ftS. 
J.  4  J. 
J.&.J. 


J.*.l. 
F.&A. 
J.&.I. 

r.&A 
J.&  J. 
J.&  J. 
J.&  J. 
J.&.J. 

M.&N. 
M.&>. 
M.&N. 
J.&  J. 
J.&  J. 
.!.&  J. 
,!.&.). 
A.*0. 
M.&N. 
J.&.J. 
J.&.I. 
J.&  J. 
J.&  J. 
J.&.I. 
J.&  J. 
J.&  J. 
J.&  J. 
Q-F. 
J.&.I. 

a.&  J. 
J  &J. 


F.&A. 
F.&A. 
J.&  J. 
J.&  J. 
J.&  J. 
J.&  J. 
M.&N. 
J.&  J. 
J.&,l. 
J.&  J. 
M.&N. 
.J.&  J. 


10 


IS 
12 
12 
10 

7 

8>« 

S 

s 

6 

10 
12 


12 

9 
10 


U 
10 
'0 

10 


7      ,-, 
12      Jul 


12 
12 
10 

7      , 

an. 


10 
10 

s 


Julyl.'75...5 
May  1.'75...4 
•Inly  1.  '75. .6 
.lulVl.'73..12 
Sept.  1. '75.. 5 
July  1.75.. .9 
July  l.'7.i...4 
JuivU'75...5 
Sept.  1,'75.15 
July  1,'75...4 
Aug,'2,*75. .  .9 
-July 6.  75.. -4 
July  6.  "15... 4 
AUK.2,  75...5 
July  1, '74.. .4 
Jul»10,73...S 
Ja  y  I, '73... 4 
Julyl.  ■7.'^.3X 
Julyl.'75.2>« 
Jnlyl.  75. ..8 
July  1, '75..  4 
May  I,  •75..-5 
Apl.  10."B..4 
Feb. 1, '74.. .3 
May  1,  "74... 7 
May,  1,'75...8 
May  1,'75..10 


Jn'yl, '75...5 
July  1, '75... 4 
McT..l,'15..4 

July  1, '75.. .7 
July  I,  "75... 5 


Inly  1.'75...6 
Feb.la.'74.3S< 
Jan.lO,'75...4 
Aug.l0.'75..5 
Julyl,'75..3>4 
Julyl,'75...5 
inly  '.,'75.. .4 
Jnlyl. '75... 6 
May  1,"15....S 
Mayl.'75,  .  5 
May  I,  "15.. .4 
Julyl,  T5...4 
July  1,"!5...4 


Jnlyl, '75.sk 
July  6, '75...  6 
Apt,  i.To.  .4 


May  It, '75.. 4 
July  1,  "75... 5 
July  1, '7.'!...  7 
Jnlyl,"75.3>i 
Mav,  '73... 5 
Jan. 2. -75... 4 
Jnlyl, '75 


July  1,  '74.3« 
"  lvl.'75...6 


Auk  .2,  •75... 3 
July  1,'75...6' 
July  1,'75...5 
July  1,'75.3K 
JnlylS,'74.3), 
Feb.  R,  '75.  4 
Aug. 9,  '75.. 4 
Julyl,'75...3 
Jnlyl. '75... 7 
July  1,'75...6 
Jnlyl  ■75...4 
•lay  10, "75..  4 
Jan.2'74.2Xg 
Julyl,'73-.  4 
July  1.";5...5 
May  1,"73...5 
Jnlyl, '75.. .4 


Pbiok. 


Insurance  Stock  I<Ut. 

(Quotations  by  K.  S.  Bailit.  broker.  (5  Wall  street.) 


Bid.   Askd 


1,600 

12!' 
130' 


ma 


115 
85 
lOOX 


197 
118 


122 
94X 


94 

ij:' 


90 
144 


104 


143 

ioo" 

MX 


i:- :: 


Gas   and  City  R.R,  Stocks  and  Bonds. 

[Quotations  by  Cbarles  Otis,  Broker,  17  Excbauge  Place,  i 


Gas  Cohfakies. 


Brooklyn  Gas  Light  Co 

Citizens' Gas  Co  (Bklyn 

do  certiilcates... 

Harlem 

Jersey  City  &  Hoboken 

Manhattan 

Metropolitan 

do         certificates 

do  b  nis 

Mutual,N.  Y 

Vaasau.  Brooklyn 

do  scrip 

New  York    

People's  (Brooklyn) 

do  do       bonds.  .. 

Westchester  County 

Certlflcates 

Bonds  

Williamsburg 

do  serin 


Par  Amount.  Periods. 


Bieecicer  .yi.tfc  Ful/ojtFerrt/— slock 

l8t  mortgage 

Broadway  £  Seventh  4ije— stock. 

let  mortgage 

Brooklyn  CTiy— stock 

1st  mortgage 

Broadway  IBrookti/n}— stock 

Brooklyn  <fe  Hunter's  Pi—Btock.. , 

Ist  mortgage  bonrls 

\^mtral  Pk,  N.  it  B.  Slt)«r— stock 

'St  mortgage 

2«        do        

Christopher  <ttenth Street— tiuxit 
V-meylHlatul  t^  ffrooifc'n— let  morl 
Dry  Dock.  B.  B.  tt  Battery— stOKi 

Ist  morttrage.  cons'd 

BAghth  Ac«nufi— stock 

Ist  mortgage 

OdSt.  A  Grand  St  ^erru—atoet.. 

Ist  mortgage 

Central  CronA  2owa-  stock ! 

Istmortgage 

Ninth  /ltJe7?us— stock 

Istmortgage .'.  "* 

becond  Avert  ue — stock     

Istmortgage \ 

;j<l  mortgage 

3d  mortgatre , 

Cons.  Convertible 

!ttr,th  Anenue-  stock 

Istmortgage 

Ihird  Asenue — stock 

Ist  mortgage 

Jirisnitf'tMrd  lUre^t— *tocK 

tll.->rtg.igp 

Tbls  oommi. 


2,000,000 
1,200,000 

soo.nco 

1,850,000 

386,000 

4,000,000 

2,;00.000 

1.000.000 

500.000 

6  000,000 

1.000.0(X1 

500.000 

4.000,000 

1,000,000 

300,000 

466,000 

53.000 

•il.'iOO 

1.000,000 

l.OOO.OOO 


A.  &0. 
F.&A. 
J.&  J. 
J.&  J. 
M.&S. 
M.  &S 
J.&  J. 


M.&N. 

Q-F. 
M.&S. 
F.&A. 


J.  &  J. 
J.&  J. 

J.&  J. 


Last       Bid. 
(llvitiend. 


July.  '76 
July,  '75 
Apr.,  '75. 
Aug.,  '75. 
Jnly.  '75. 
Julv,  '75. 
Men.  9,  75 


niy.    '7; 
July, '75 


May      "7.1. 
July,    -75 


July,   '75. 


5    IJnly,    '75    145 

7    '........     .    102K 


245 

l.i2 
101 M 


106 

180 
102  H 
:.-i5 
100 
98 
100 


lUO 
lOOO 

100 
lOOC 

;o 

1000 
100 

:oo 

1000 
100 
1000 
1000 

i66o 

100 

ioo 

1000 
100 
1000 


yuu.mtu 

694.000 

2.100,000 

1,600,000 

2,000,000 

300,000 

200,000 

400,000 

300,000 

1,161,000 

550.000 

600,000 

650,aiO 

307,000 

1,200.000 

900.1100 

1,000,000 

203,000 

750,000 

220,000 

560,000 

ax),ooo 

797,000 

167,000 

1,099.500 

350,000 

200,000 

150,000 

3<l»,'0O 

750,00Ci 

250,000 

2,000.000 

2,000,(KX1 

600,000 

120,000 


J.&  J. 
J.  &  J. 
J.&D. 
Q-F. 
J.&  J. 
J.&  J. 

j'.'&'j'. 


F.&A. 
M.&N. 


J.  &  J. 
Q-F. 
J.&D 
J.&  J. 
J.&J. 
M.&N. 
A.&O. 


J.&J. 

Q.-r. 

J.  *D. 
F.&A. 
A.&O. 
M.&N. 
M.&N. 
J.&J. 
Q-F. 
J.&J. 
J  &  J. 
M.&N. 


July,  75 

1884 
May.'75 

im 

July,  75 


1882 
1890 


1877 
May,  '75 


July,'75 


My,  "73 
1873 


July,"I5 

1877 

1876. 

1885 

18SS 
Mny,'75 

1890 
May,    '75 

1S90 
July  ,"75 


71 
92M 

102  " 

1»{ 
63 

«5 


92)4 
165 
100 
IOO 


220 


190 
104 


72H 


100 
C5 


>5 

ioo' 

130 
100 
lO:) 
100 


ows  last  dlviuend  un  etockt,  »Uo  date  of  maturity  of  bfmdt. 


CoHPAimn. 


Adriatic 

JKtna 

American 

American  Ezch'e. 

Amity. 

Arctic 

Atlantic 

Bowery . 

Brewers'  &  M'lst'rs 

Broaiway 

Brooklyn. 

Citizens' 

City 

Clinton 

Columbia 

Commerce  Fire.... 

Commercial 

Continental 

Kagle  

Empire  City 

£mporlnm 

Exctiange 

Farragut 

Firemen's . — 

Firemen's  Fund 

Firemen's  Trust... 

Gebhard 

German-Ameri  can 

Germanla 

Globe 

Greenwich 

Guaranty 

Guardian 

Hamilton 

Hanover 

Holftnan 

Home 

Hope 

Howard 

Importers'*  Trad.. 

Irving 

Jefferson 

Kings  Co.  (B'klyn) 

Knickerbocker 

Lafayette  (B'klyn) 

Lamar,.    '. 

Lenox 

Long  Island  (Bkly.) 

Lorlllard    

Manuf  &  Builders'. 

Manhattan 

Mech.&Trad'rs' — 
Mecbanic8'(Bklyn) 

Mercantile 

Merchants'  

Metropolitan 

Montauk  (B'klyn). 
Nassau  (B'klyn).. 

National 

N.  Y.  Equitable.... 
New  York  Fire  ... 
N.  Y.  &  ionkers.. 

Niagara 

North  Elver 

Pacific 

Park  

Peter  Cooper.  .... 

People's 

Phenlx  (B'klyn)  .. 
Produce  Exchange 

Relief 

Republic 

Kidgewood 

Resolute 

Rutgers' 

Safeguard 

St.  Nicholas 

Standard 

Star 

Sterling 

Stuyvesant 

Tradesmen's 

United  States 

Westchester 

Williamsburg  City. 


Capital. 


Far  Amount. 


100 
50 
100 
100 
2U 
50 
25 
IOO 
29 
17 
20 
TO 

:oo 

30 
100 

50 
100 
40 
100 
100 
30 
50 
17 
10 
10 
lOU 
100 
50 
SO 
25 
lUO 
100 
15 
60 
50 
100 
26 
50 
60 
100 
SO 
20 
40 
50 
100 
25 
50 
'26 
100 
100 
26 
50 
50 
50 
SO 
50 
60 

100 
100 
50 
25 
25 
100 
20 
20 
50 
W< 
50 
100 
100 
100 
25 
100 
25 
50 
100 
100 
25 
25 
25 
10 
60 


200.000 
200.000 
400.000 
200.000 
200,000 

20(;.ooo 

'200,000 
S00,00O 
200,000 
200,000 
163,000 
800,000 
210,000 
250,000 
800,000 
200,000 
200,000 

1,000,000 
300,000 
200,000 
200,000 
200,000 
200,000 
204,000 
150,000 
150,000 
200,000 

1,000,000 
500,000 
200,000 
200,000 
200,000 
200,000 
150,000 
600,000 
200,000 

3,<'00,000 
150,000 
500,000 
200,000 
200,000 
200,010 
150,000 
280,000 
150,000 
200,000 
150,000 
200,000 
300,000 
200.000 
250,000 
200,000 
150.000 
200,000 
200,000 
300,000 

a(»,ooo 

200,000 
200,000 
210,000 
200,(100 
200,000 
500.000 
350,000 
200,000 
200,000 
150,000 
150,000 
1,000,000 
'.100,(100 
200,000 
300,000 
200.(X« 
200,000 
200,000 
200,000 
200,000 
200,000 
200,000 
200.000 
200,000 
150,000 
250,000 
250.000 
250,000 


NSTBUB 

Pira, 
•Tax.  1, 


a,i:7 
e4,3i» 
M,u» 
m,ttt 
ijm 

IS,4S6 
WfiSt 

»>jm 

7.721 
M0,!I7S 
240,411 
312,378 
109.894 

ir«,Mn 

49,731 

27,478 

123,679 

866,601 

474,U<9 

it»,Me 

»3,tl5 
M438 
108,694 
81,306 
97,a40 
1>,«37 
322,9e» 
398,751 
116,(72 
«29,!24 


48,007 
126,796 

90,653 
t889,281 

23,741 
143,162 

77,712 

14,861 
13<,244 
174,612 

80,264 
121317 

83,445 

79,863 
169,447 

«:,2S(j 
116,712 
m,759 
819,753 
122,479 

50,0(8 
151,863 

3«j755 
121,476 
234,814 

i«,<4e 
31  {1,989 
19«,0(>1 

'20,529 
426,524 
12e,6(lV 
350,139 
165,216 
211,544 
132,708 
S86,2'22 

12,V00 

43,051 
101,002 

58,877 

80,411 
191,749 

90.597 
t6«,403 
121,506 

78,980 

71,077 
165,369 
153,966 
246,825 
tl62,560 
'.>56.69a 


1»1VIDKNDS. 


1871  1872  1878  1871  Last   Paid. 


ax 


July, '79.  .5 
July, '75.. 7 
July, '76. .8 
July, '75.  .5 
July, '75. .4 
July, '75.. 6 
Julj.'75..5 
.Iune,'7.'i.l5 
July,  "75.. ! 
Aug.,'75.10 
Jniy.  •75.'20 
Julv '75.. 10 
Aog.,'75.10 
.July, '75. '.0 
Joiy, '75..5 
July,  '75.. 6 
July. '75.10 
July '75...  5 
July,'7'i.l5 
July, '75  .7 
Jnly,  '75.. 5 
July,  '75  10 
July,'75.7X 
July, '79.. 8 
July, -75.. 5 
July, '75.. 6 
Ang.,'75.  .5 
July, '73.. 5 
July, '75.  .5 
July.'75..10 
Jan., '75.25 


Jnly. '75.. 5 

Julr,-75..I0 
July,  '75.  5 
Jniy, '75..5 
July, '75.. 5 
July, '7.1. .5 
Jniy,'75...6 
Jnly, '75.  .6 
Jnly,'79..6 
Mch.,'75..5 
Jiily.'75.Ui 
July,  '75.10 
July,  '76.11' 
Jnly, '73.  .5 
July, '75.  .5 
July,  ■75..' 
July, '75.  .5 
July, '75.. 5 
July, '76.. 7 
July, '75.10 
July, '75.. 5 
July, '75.  .5 
Jnly,  '73.li> 
July. '75.. 5 
JulT. '75.10 
June. "75. 10 
July, '75.  .6 
July,'7.i.l0 
AUE..'7."1.10 
July.  "75.. 5 
July. '75.. 5 
Apr..  "75.  .6 
July.  '73.20 
July,  '75.10 
July. '75. 10 
Jut,  75.10 
Jn'y,  '75.  .5 
July. '75.. 5 
July, '73  5 
Jnlv. '75.6 
July.  "75.. 6 
Jnly.  '75  .5 
Aiig..'75.10 
Jnly,'7n.7H 
Aug. .'75.. 5 
July.  .5.5.6 
July.'-5.7)« 
Ang..'75  .5 
July.  '75.10 
Julv,  '75.10 
July, '75.. B 
Aug  ,'75.  .5 

Jmy.  "15.10 


Pkio*. 


Bid     Askd 


90 

160 

no 

90 
102 

iH" 
r.5 

89 
170 
185 
ISO 
150 
100 
100 
!oO 

90 
120 
102  S 
2U0 
150 

90 
190 

175 
IBS 
110 
•.!00 
170 
80 
110 

236"" 

160 

2C0 

ISO 

115 

"as" 

90 

'fO' 
175 

105 

iii" 

1(0 
100 

160  " 

160 
105 

189 


PO 
100 


101 

iw" 


170 

11.5 
»7X 


180 
200 
140 


95 
195 

80 
185 
195 

lis 


115 
165' 


95 
9} 
110 


118 

105  " 


'  Over  all  liabilities.  Inchuliut:  re-'.nsuranct;,  capital  and  prom,  smp 

t  Stock  dividends  of  25  per  cent  by  the  Hanover  and  Westchester,  20  per  cent 

by  tlip  Home,  and  33X  per  cent  by  the  St.  Nicholas,  have  since  been  declared  out 

of  above  net  surplus. 

Cttr  Securities. 
[Quotations  by  Damiel  A.  Mobam,  Broker,  40  Wall  Street.] 


Sew  Fork; 

Water  stock 1841-63. 

do         1854-57. 

Croton  waterstock. .1815-51. 

do  do       ..1852-60. 

Croton  Aqned'ct  stock, 1866. 

do       pipes  and  mains 

do       reservoir  bonds 

Central  Park  bonds.  .1853-57. 
do         do         ..1853-65. 

Dock  bonds 18.^2. 

do        1870. 

do        1^75. 

Floating  debt  stock 1860. 

Market  stock 1866-68. 

Soldiers' aid  fimd 1863. 

do  rto       1863. 

Improvement  stock 1869 

do  (O      ....1869. 

Consolldatea  bonds var. 

Street  imp.  slock' var. 

do         do        var. 

New  Consolidated 

Westcbester  Goanty 

Jersey  VUy: 

Water  loan 1852-ff7. 

do       long 

do        1869-71 

Sewerage  bonds 1866-69. 

Assessment  bonds...  1870-71. 

Improvement  bonds    

Bergen  bonds 1868-69. 

.BrooA  iwn— [Quotations  by  N. 
Local  Improvement — 

City  bonds 

do         

Park  bonds 

Water  loan  bonds 

Brlfigebonds 

Water  loan    

City  bonds  

Kings  Co.  bonds 

do         do    

All  Brooklyn  bonds  flat. 


Months  Payable. 


Feb.,  May  A'ag.&  Nov, 
do  do 

do  do 

do  do 

do  do 

May  &  November. 

Feb., May  Aug.&  Nov. 

do  do 

do  do 

do  do 

May  &  November. 


Feb.,May,  Aug.&  Nov. 
May  &  November. 
do  d( 

do  dc 

do  do 

do  do 

do  do 

do  do 

do  do 


January  &  Juh 

January  &"juiy, 

do  do 

Jan.,  May,  July  &  Nov. 


Jaunary  and  July. 
Bbkbs,  Jr.,  Broker,  2X 

January  &  July. 
do  ilo 

do  '10 

do  do 

do  do 

GO  do 

do  do 

May  &  November. 
40  do 


1875-80 

1875-79 

1890 

issi-go 

18M-1911 
1884-1900 
1907-11 
1875-98 
1875-95 

1876 

1901 

1906 

1878 
1894-97 
1873-75 

1876 

1889 
1879-90 

1901 

1888 
1879-82 

1896 

1891 

1877 

1895 

1899-1902 

18T2-79 

1S75-91 

1905 

1874-1900 

Wall  St.] 


1875-80 

102 

1881-95 

105 

1915  21 

no 

19<« 

llOJi 

1915 

109 

902-1903 

:t2K 

1881-95 

101 

1880-83 

106 

1S75-30 

102 

96 
101 

96 

IH'2X 
102>, 
:(19 

lo-.:x 

96 
102X 

97 
108 

102  X 
108), 
107 
112 

•101 
102), 
11H>1 
110 
102H 
•10:> 
12 
106 

95 

96 
lO: 
102 
100 

103  X 
102 


97 
101 

97 
103 
103 
110 
103 

97 
103 

9.''X 
110 
103 
103 
110 
102X 
103 
103 
108 
112 
103 
105 
113 
107 


97 
106 
102 
103 
104 
103.tt 


lOSX 

107 

111 

HIS 

110 

1(3 

102S 

im 

104 


September  11,  1875.] 


THE   CHRONICIiE 


251 


Jiioestments 


AXD 


STATE,  cm  AXD  CORPOBATION  FINANCES. 

The  "  Inreaton'  Supplemeot"  is  pabliahed  re^alarlj  on  the  last 
Saturday  of  each  month,  and  faraUhed  to  all  regular  sabficribera 
of  the  CHItOincUL 


annuaIj  reports. 

CcBtrml  Pa^iflc  Railroad. 
{For  M«  y«ar  mtiing  Deetmber  31 ,1874). 
The  report  of  this  company  ehowa  a  coatinaanee  of  iia  remark- 
able prosperity.     An  analyiis  of  ita  fifroree  informa  ua  that  the 
net  reeelpU  from  all  aoareeafor  the  year  were  $8,574,371,  interest 
rbargefl,  taxes  and  all  other  expena«s-were  f4,S28,887,   learing  a 
balance  of  (4.045384   aboTe  all  liabilities  as  applicable  to  divi- 
deads.    The  exhibit   for   six  months  of  the   current  year  is  still 
more  farorable  and  shows  as  Increase  ia  set  earnings  of  $746iK)7 
oTer  last  year.     The  gross  earnings  ffom  Jan.  1  to  Sept.  1  thia 
year  are  about  $3,000,000  ahsad  ol  ths  mme  period  in  1874     As 
stated  below,  the  company  proposes  now  to  pay  ntpiXuij  8  per 
cent,   snnnal   diridenda.     From   the   present   and   two   previoos 
reports  we  have  prepared  ths  following  comparison  : 
coarASATiTS  STATsaaiiT  tea  noss  tbabs. 


MUssii<nisdn»wsm 
tiMiesstlTs  —itoe  ■llssas 
Fssaaanr  ssnilsas  (cola  a  i 


BomtOKdOp    mil 

1871. 


Tolsl  grass  (scalag*. 
Opsntiac  tz 


Nst  caralBc*       

Total  Bsl  rscslpu  froo  aO  saaiess 


•,(n.4«4 


1.51 


y-tttM* 


1S73. 

l.tISM 

5,0ja.Mi 

T.«U.«M 
«t.MO 

•iMCMes 

4.MU.IT1 
tMSMH 

T.iauM 

a.i:9,«« 
r.3.«n 


iBlsrsst  on  ISBdad  <«bt 

Taias 

niiMssdi 

/laoaeW  OmtUkm  at  Vtm^Batk  Ttar. 

ossHat  SUA fM.Fciiw       (M,«n.aao 

PsBSsadsM M'X'W        S4.«)e.ats 

7.»i.M0  MMlUI 

lUabiiiaas... .       sa.o«  Ka^sa 


1S74. 

iJiit  ra 

MI4,«4I 

t«.tauM 
ijmt.xw 
t,on.oM 

•M«MW 

«aa.iei 


tTKMi 
<,TU.7» 


tt, 

tMTI.W 


SM4.01Mn 

•iie.«ft.s« 

!««.« 

irai.m 

1.433,101 

i«:.iM 


$MI.«t*.liO 

t,4a».«a> 

i.isi.ni 
\jmjm 

•■ 


•l«kt»,«S 

tuijna,M» 

I.Mi,ir« 
7W.1M 
l,4al.M( 
t,MI,fM 
a,SI7.TI« 

i.ist.Ma 


to  two  pamfiaphs 


TWalpioportjrasasisils t^M,'K*jm 

The  Prasidsat's  itspott,  proper,  is 
wblcb  sre  as  follows  : 

"  It  is  gratifying  to  iDfonn  yoo  that  Ik*  Cbart  of  Claims,  in  a 
recent  decision,  bas  rindieated  your  eoaipaay  in  Ita  eonstruetion 
of  the  Act  of  Coagress  la  regard  to  ssirliiss  performsd  for  the 
OorefBaieBl,  bj  deciding  that  only  ooe  half  of  'Jis  eompensatlon 
for  serrless  rsadeied  to  ths  OoTemmcat  shall  be  applied  to  the 
payment  of  the  bonds  lasasd  by  the  OoTsminsot  lo  aid  of  the 
aoDStmctlon  of  yo«r  road. 

"  Tsar  by  year  the  bnslness  of  yoor  road  inetaaaes  with  ths 
population  sod  daralopoMnt  of  the  eoaatry  ;  and  now  Its  samlog 
capacity  la  apon  soak  an  aasnred  basis  that  It  seems  to  be  proper 
to  detennioe  opon  a  poHey  of  declaring  ragalar  dirldends.  Toar 
directors,  therefore,  reeoamend  that  ssml  annual  diridenda  l>e 
made  upon  the  flrtt  of  October  aod  the  first  of  April  of  each  year. 
The  road  has  an  aoquestioaable  ability  to  earn  a  net  amount  that 
will  joatify  ssmi-aDnoal  dirirlenHs  ol  foar  (4)  per  cent  upon  iu 
atoek,  and  it  seems  proper  titat  snob  diridaada  should  be  adopted 
as  the  policy  of  the  eompaay,  aod  any  balance  beyond  that  be 
prsosrred  as  a  fand  to  ba  aasd  for  the  rsdvmpUon  of  lu  bonds  or 
other  benefleial  anes  lo  tba  eumpany." 

The  tntal  iitork«n<l  debt  of  tbemmpany.  IneludlnK  U.  S.  OoTem- 
m-nt   sabeldy  <l»l>t.   in   |80,924.77'>.    The  directors  estimate  the 
fConpany's  assets,  locludlag  lan<l*.  at  $183,971,054 

Tne  operations  of  the  road  for  1S74,  eoapared  with  1878,  were 
aa  follows : 


lo  gross 


fisamaM 

MK.4«« 

tMM.«ain 
iuai,«a  M 

\m*. 

•a.tM.aui  96 

>,<»«,»•  u 

111,111 ;,()« as 

H.Hl.tM  Ml 

•IJIMMSt 

mtmu 
«.««.«ri  at 

V«M,MfO 

$s.a».4a  4a 

44Taa4a 

s,atB.ist  rj 

The«<niiiigsoTerop«ratliiKezp«ntssfor!S74were(aUlDcarrency)  $8,88a,878  14 
For  jetr  ending  December  Slat,  isn 8,846,J02  54 

BeincaisalD  of (4X7,075  «0 

or  5  80-100  per  cent 

The  number  of  miles  of  road  operated,  iDcludiog  the  ferry 
between  San  Francisco  and  Oakland  wharf,  at  the  close  of  the 
year,  was  1,312  88100  miles.  There  are  also  74  miles  in  the  San 
Joaquin  valley  operated  under  <ea»r  from  the  Southern  Pacific 
railroad  company,  of  whi.:h  32  1-10  were  completed  November  8. 

The  following  shows  the  operations  of  the  freight  department 
for  the  year  ending  December  31,  1874,  aa  compared  with  1878: 


Tonnage  of  local  freight  

Tonnage  of  throagh  freight    .  . . 
Tonnage  of  Company's  freight... 

Total  tonnage    

paaisifT  im,BAsB, 


TOHKASa. 

1878. 
Poandt. 

l.SK  8a7,S64 

*ao.8754sa 

438,0D1,8SS 


a,067.»4,«aR 


Local  freight 

Thron.'h  nvlght 
Company's  freight. , 


Oa  TOWS  HAtTLID  OHS  >II.E. 

1878. 
Tons. 

107a8»,08« 

86,«'>0,8S4 

4«.TBO,«9t 


Total  freight 


M8,793.08fi 


1S74. 
Pounds. 
1.505,»*.710 
804.888,  laS 
381,S«l.74t 

a,i«a,9n.5T5 


1874. 

Tons. 

100,785,748 

181,416.664 

a8,S44,60« 

a80,3«6,91S 


The  average  charge  per  toaper  mile  on  frei|;bt  (exclusive  of 
company's  treigbt)  was,  in  1878,  3'675  cents,  and  in  1874,  3-257 
eents,  showing  a  decrease  of  <>'418  cents  or  11'37  per  cent. 

Of  the  through  freight,  ths  following  are  some  of  the  principal 
items : 


187^ 
lastwaid.         Poands. 

BarU-T t,5t4,4S<l 

B«aD> 88,43S 

Blankett (1,48(1 

Bona M7,aM 

Bstlar 

raaaed  frelt... 

Oelton       

Ooffse     

Fliiar 

PmlL  grsen... 
Ksro  and  skins. 

Olna 

Hops 

Haasy. 


aaAM» 

(78.i«l 
.     ta6,M3 

,  4Jot3a« 
a.8n,6a 

TM.aM 

tmtm 


1874. 

Pounds. 

45.864,079 

loi.aao 

110,947 
1..118.10T 

4&0,51t 
1.517.«M 
8,418 


L>sa<,»a 

OnicksU 

KIce 

Silk 

Ball 


»ai«. 


ii.iai 
i.aa7,8ao 
M,a8a 


Tsa 

WtelaboBS. 

Wkeal 

Wtoe 

Woe! 

WkalseO  .. 


...    ne,oaD 

...      nT.t79 

...  8.«a4,to« 
.  i.8at,n» 

.   .      110,030 

...ia,7«,4a6 

...      t44.»)4 

.     ao,9«& 

.  .  8.806,648 
.  .99,016,978 

.  .     mCooo 


4,965,148 
(95,908 
•40,760 

1,041.658 
868.184 
T76^t78 
40.088 
418,?ra 
800,196 
981,811 

6,477,181 

1.478,860 

a0.)l69 

11.778,756 

887,969 

uaat 

5,886.148 

81,040,B8> 


Westward. 

Agrlcttlt'l  Impl' 
Alcohol 

Batter 

Boouaadihoes 

Cheese 

candles    . 

Carpers 

Clothing 

Domesocs     .... 
Dried  fmlt 

PIfh 

Hams    

LlTe  stock    .  . 

Lard  

Lnmber 

Machinery 

Meaulnbalk  .. 

on 

Oratats 

Paper 

--[Bors 


Tob 
Wsgoos. 


1873. 
Pounds, 
te  S.697.»T0 
..     984,700 

•l^'lse"! 
.  6.464.880 

I  R«p.  ss  { 
'  1  mass,  j 
.  9,591.000 
.  I,;:i8  14a 
.  1,159,858 
.18,167,767 
.  188,040 
.  4,0a>l,660 
,.  6,415.l«^ 
.  a.03«,48a 
.  1,418,890 
.  1.641.813 
.  5,166.580 

4.888,867 
.  9,749,800 
.  1.1SI0.780 

1.160,090 
.  1,916.800 
.  4  976,440 
.  6,0*1,670 


1CT4. 
Pounds. 
5,811.980 

406,116 

l.nt,880 
888,608 

4,aae.6«o 

1,198,810 
1366.88* 
li'.0«1.530 
1,014,467 
4,4*9.180 
6.086,800 
1,M8.710 
1,188.994 
9.198,180 
8.tei.040 
188.110 
4,0*1,887 
1,849.600 
?,98^891 
1.819,170 
1,017*6 
1,196.186 


The  following  Is  a  tabular  statement  o'  the  number  of  paaeen- 
gsfs  traasportea.  showing  bo*h  throagh  and  local  passengers,  for 
the  ysais  1879,  1873,  and  1S74.  The  figures  irived  for  through 
pasBsncers  represent  the  travel  between  the  termini  of  the  main 
lias    San  Fraadsco  and  Ogden. 

Total  Baat 
Tsar  aadlnc  Dsceihsr  81st,  187»-     Bistward.         Westward,     and  Weet. 

TkroaglLiaU; - 11.646  84.040  66.886 

Lneal^ 186.847  187.901  SSS.148 

U>eal.f«T7 1.108,818  1.911,518  1,416,141 


«■« 


TWal l,49ai,8«> 

Tsar  sadiag  Oaesmbw  tlst,  1818- 

Thn»«h.r»ll -. ■••• 

Local,  rail m,nB 

U>cal.rarr7 liXMn 


Total    .  . 

Tsar  asdlog 

Thraaah,  rair 

Local,  rah 


81st.  t8M- 


Ltnjoi 

1,611189 


1,518,464 

44,170 

198,851 

1,811.649 

1,649,110 


Local,  fany 

Total ijmjM 

fr  1811 188.0*4 

taraoTrrl871 140,181 

U)4o«er  1871 187,706 


ibar  of  miles  trsvsled  by 
p«r  Bile  per  passes- 


1811. 

K-aa 

888 


871,4 
!,86tJ91 

rw4,a6 
vnjHn 

186,916 
844.866 

1878. 
86-86 

a  65 


8.008,974 

87.838 

890,88* 

l,8n,*18 

8.180,111 

80J9I 

644.168 

8,188,180 

a.881,1** 

6M,991 
116,191 


18*4. 
84  17 

s-n 


esssuL  LBDOsa  aAi,Aaas  sbsst,  dso.  81,  1874. 

Dr. 

OoastnctloB *"!'}!*•%** 


.•;.-4- 


6,101.688  8* 

1,017.898  48 

868.860  41 

534,94*88 
111.941  99 
799,784  17 


Bqalpaeal. 
BalsaUl* 

HhoDS... 

Madloenr  In  shops  .  ....  

rarsliare.  telegnph  ln>immenls.isf*s,ae 

Btaaasr*.  ftscramento  Hirer 

Blaktsg  (  ad  No.  1.  for  redemption  of  oonrertlbls  mortgags 

sinking  fond  No.  ii  for  redempllin  of  California  Htate  aid  linnds 
!>ln-  lug  fund  No.  a,  for  redemption  of  Irsl  mortgage  bonds  of 

the  company,  series  "A.  B.  (.' snd  D" 

Sinking  fand  No.  4,  for  rrdemptinn  of  first  mortfKs  bonds  of 

thecompaoy.  seri«s"B.  K.  O,  Bandl" 

Msierlsl  la  shoiis 

Msterlsl  in  store 

Msienal  fhr  I  rack  repairs 

Balance  of  scmniiu  oliiiiuBdiiig  sai  hi  haaiu  of  SBsnta, 

dsdncting  obligations 8,P97.1!6  84 

OSah ^ ; 1,184.646  .16 

Total $148,li9,«*  11 


875,894  87 
806.856  00 

806,165  00 

183,600  00 
808,5*5  74 
41,709  49 
480.818  44 
804.709  St 


262 


(THE   CHRONICLE. 


'LSept;mber  11, 1874. 


Cr. 


£«P'i»'«iojk t5(,875,500  00 

Fandeddebt 6I,6J1,000  00 

Unclaimed  dlvidecd,  No.  1 ^ U  5U  00 

„      V.,,     ^    "        Na« V ■ )4',S1000 

HMplUUund.. 88,6«6»3 

Goirrnmei.t  bonds 27,855,680  00 

rroflt  «nd  lo8» 10,671,201  M 

Totoi (i4<>,i«9,g(»  ri 

LAND  DKPAKTMBNT. 

The  land  agent's  report  has  the  ioUowlDg  : 

Acres. 
I.andgrant  fiom  the  n.  8.  to  the  Central  Pacific  Itallroad  of  12,800 

flcrea^'ljer  Hiilf,  for  74i  mtle»,  la 9,497,600 

Uedqct  f or  laud»  prtvionsly  granted  and  reserved,  «ay 1,500^000 

LeaTCT 7,997,600 

The  land  grant  to  the  California  &  Oregon  Railroad  of  12,800  acrei 
pd^m  le,  for  291  miles,  Id 3,724,800 

Total..     ....  11,722,400 

7  he  value  of  theje  lands,  at  the  Government  mlnlmam  price  for 
adjolninpland^  $2  BOperacre,  wouldbe $29,306,000 

A  large  portion  of  this  ie  the  choiceBt  agricaltural  and  timber 
laud  ID  the  country,  nnti  will  sell  for  a  much  greater  price.  The 
policy  of  the  comjianv  has  bem  to  sell  its  farmiuc;  lands  at  low 
prices,  and  on  easy  terms  of  payment,  to  actual  settlers . 

Most  of  the  lands  that  have  been  sold  were  purchased  for  gold, 
on  a  credit  of  five  years;  a  payment  of  twenty  per  cent  being 
made  at  the  time  of  parchaee,  the  remainder  to  be  paid  at  the  end 
of  the  term,  with  annual  inteiest,  payable  in  advance,  on  all  sums 
TemaininK  due.  The  total  amount  of  sales  by  the  land  depart- 
ment, from  its  organizaiion  to  June  30th,  1875,  amount  ts 
395,36508  acres,  which  were  disposed  of  for  $1,674,559  08,  being 
»u  average  of  a  little  more  than  |1  23  per  acre. 

Of  the  lands  in  the  Calilornia  &  Oregon  Railroad  grant,  there 
were  sold,  prior  to  the  consolidation  of  that  Company  with  the 
Central  Pacific  Rallron d  Company,  9,760  87  acres,  for  $18,443  86. 

From  October  1,  1870,  to  December  31,  1872,  there  were  sold 
122,76509  acres,  for  f 484,227  97,  averaging  $3  94i  per  acre. 

From  December  31,  1872,  to  December  31,  1873,  there  were  sold 
68,73300  acres,  for  $410,311  92,  being  an  average  of  $7  per  acre. 

From  December  31, 1873,  to  December  31,  1874,  there  were  sold 
63,846  99  acres,for  $388,824  26,  being  an  average  of  $6  09  per  acre. 

From  December  31,  1874,  to  June  30,  1875,  there  were  sold 
13,120  98  acres,  for  $77,683  07,  averafting  about  $6  per  acre. 
This  includes  160  acres,  granite  quarry  donated  to  the  State. 

Lake  Shore  &  Michigan  Soathern. 

(For  the  year  ending  JuneSO,  1875). 
We  have  obtained  an  official  detailed  report  of  earnings  and 
expenses  of  this  road  for  the  year  endiny  with  June  30,  1875,  and 
the  company's  condensed  balance  sheet  of  assets  and  liabilitisa  at 
the  latter  date.  This  report  is  valuable  as  supplementing  the 
regular  annual  repori  of  the  company  for  the  year  1874,  which 
was  published  in  the  Chronicle,  vol.  xx.,  p.  451. 

EABNIKQe,  OPBllATINQ  EXPENSES,  ETC.,  FOH  YEAH8  BNDINQ  .IDNK 

30,  1875  AND  1874. 
Harningi. 

1874-5.  1873-4. 

Passenger  transportation— local t3.2C2,024  $3,559,605 

Passenger  traneporlatiou — through  796,714  881,809 

Freight  transportation— local 7.918,9:9  9,582,4a7 

Freight  transportation— through 2,41i,643  3|27l|359 

Add  for  storage,  E.  &  P..  freiglit,  &c 119,ij79  'lillsoi! 

Mail  service 438.B.39  517,807 

Express  service ..     311,S08  301,091 

All  other  eourcesof  income,  including  rents,  &c....  13:1,868  119,609 

Total  earnings $15,413,858         $18,345,282 


Operaling  Xxpenea. 

Maintenance  of  way  and  Btrnctures $2,870,082 

Maintenarce  of  cars 933,969 

Moiive  power 687.782 

Condnctlng  transpcrtation 6,045, .335 

Taxes 498.644 


$3,471,764 

1,0  0,(01 

740,320 

8,70»,ii36 

490  628 


TotJl  operating  expenses  (7169  p.c.  of  earnings)  $11,035,693 
Neteamings 4,378,165 


$19,43J,554 
6.912,727 


OTHER  RECEIPTS  AND  PATMF.NT8  WITHIN  THE  TEAR. 


Iteceipts  Othtr  Than  Earnings.    ^ 
Sale  of  bonds  of  company  (not  previously  issued). . .    $3,6W.OOO 

Sale  of  real  estate  ..   25,834 

Sale  of  Btockg  and  bonds  of  other  companies S40,.356 


$4,835,400 


Total $3,922,190 

PaynunU  0  her  Than  Operating  Expennes. 

Interest  on  bonds $2,554,676 

Discount  in  sale  of  bonds 365,600 

Interest  on  floating  debt none. 

Dividends  (10  p  c.  on  preferred  stock) 6.3,350 

Dividends  on  rommon  stock 1,607,661 

Floating  debt  liqaidated 2,16(1,083 

Applied  to  sinking  fund 1,000,000 

Lease  of  other  roads— Erie  <fc  Kalamazoo •. .  30.000 

Kalamaeoo  Allegan  &  Grand  Rapids 103,800 

Jamestown  &  Franklin. 87,652 

MahonlngCoal 30,586 

Construction  of  new  work 1,021,58,5 

Addlllonal  equipment 109,018 

Additional  real  estate 13.1,355 


$4,885,100 
$2,275,355 

"  S95i-;,37 

5'i,.35n 

1,978,040 

6i'4,3i(7 


.30,000 
103  800 
97  873 
a3,44H 
1,69S,809 
1.311,936 
109,137 


■     Total $9,367,324  $S,621,l!(j5 

GENERAL  BALANCE  SHEET,  JULY  I,  1875   AND   1874. 

LiabUUi'.t. 

Capital  B'ock  $50,000,000  $50,000,000 

Funded  debt,  L.  8.  &  M.  8 36,511.000  33,855.0:0 

Fmided  debt,  D.  M.  &  Tol 924,000  924.000 

Funded  debt,  W.  P.  &  Kal 600,000  600,000 

Floating  debt 2,160,088 

Juneliabllilics,  payable  .July 1.061,497  903,l.»5 

Income  a<-couat,  or  profit  and  loss 2,229071  2,369,798 

Total  Usbllities $91,S25,6«8  $90,802,821 


,   „  AeseU. 

L.  8.  it  M.  S.  Railway  end  branobes,  861  miles $Ct 

Detroit  M.  &  Toledo  Railroad.  6J  29  miles 1, 

While  I'Igcon  &  Kniamozoo  :jl)  68  miles 

Northern  Coiiiml  Mlcbi'nn  HI! .  6!M4  miles 1, 

Jamestown  &  Franklin  Rli.,  51  miles ], 

Equipment  for  1.175  miles  road 14 

L.  S.  *M.  8  Railway  stock.  2,514  shares 

Det.  Mon.  &  Toledo  stock,  4, lib  ehwes 

"Stocks  of  other  companies 

Bonds  of  other  companies 1, 

liills  receivable 

Cast]  on  h  nd  and  In  transit,  uncollected  earnings., 
funpllcs,  rails,  fuel,  '^- 

Individtial  accountrt 

General  ofllce,  buildings,  &c 
Sundry  bond  scrip 

To'al  assets $91,825,568 

Kansas  Paclflc. 

{For  the  year  ending  Deceinber  31, 1874.) 
The  annual  report  of  this  company  has  only  recently  come  to 
hand    It  contains  the  following: 

MAIN   LINE  Asn  LEAVENWORTH  BBAKCH. 

Eamingi  and  Expetuee. 

Earnings— Freight: 

Ordinary $1,935.439  85 

Government a0,2l5  60— 1,9«5,65»  li 

Passenger : 

Ordinary $1,077,844  27 

United  States  troops 33.86195 

United  States  malls 187,242  50 

Expresies £4.100  00— 1,332,948  7» 

58,146  08 


935,2(0 

$63,780,.<I49 

,291,968 

1,291,968 

610,000 

610,000 

,347,191 

1.347.494 

.901.638 

i.9ll,6;n 

.S41.8'i5 

14,832,846 

251,400 

251,400 

413,600 

413,600 

624,483 

1,157,816 

.Mvm 

l,490,7tt7 

847,8i9 

854,618 

938.S74 

946,643 

,270,885 

2,463,479 

36,489 

11.612 

11,612 

1,808 

1,787 

,825,568 

$90,802,321 

Miscellaneous  .. 

Total  earnings. 
Expenses— total 


$3,356,749  95 

1,671,045  57 

Earnings  over  operating  expeusos $1,685,704  88 

The 'ollowing  statement  shows  a  comparis)"  of  the  earnioga 
and  expenses  for  the  five  years  from  1670  to  1874: 
Earnings. 
1870.  1871.  1872.  1873.  1874. 

Total $S,360,78«     $3,312,517     $3,723,713     $3,563,299     $3,356,749 

Expenses. 
$2,302,539     $2,229,265     $2,116,990 


Total $2,450,040 

Percentage,  exclu* 

sive  of  taxes  UfCd 

in  operating 78  79-100 


$1,671,045 
49  78-100 


69  51-100      59  87-100      69  41-100 

JUNCTION  CITY  AND   FOBT  KEABNET   RAILWAY  OOMFANT. 

Earnings  and  Expenses. 

Gross  earnings $26,526  81 

Expenses    14,024  94 

Net  earnings ....  $12,500  67 

Increase  of  gros«  earnings  over  1878 9,189  12 

Increase  of  net  earnings  ovir  1878 7,318  53 

The  road  and  track  of  this  line  has  remained  in  good  condition, 
and  will  require  but  little  work  to  preserve  it  in  the  same  condi- 
tion another  year. 

ARKANSAS  VALLBT  BAILWAT  COHPANT. 

Gross  earnings $84,669  45 

Expenses 27,359  77 


Neteamings •••• $27,.309  68 

As  the  road  was  open  for  bat  three  months  in  lS73,iio  compari- 
son can  be  made. 

The  gross  earnings  of  the  main  line  and  above  two  branches  were  $3,437,944  91 
Expenses  of  same 1,712,4.30  28 

Earnings  over  operating  expenses $1,725,514  63 

The  President's  report  says : 

The  bnsiness  of  the  company,  in  transportation  an  well  as  in 
land  sales,  was  seriously  affected  by  the  grasshopper  plague  and 
the  drouth.  The  frontier  counties  on  the  line  of  your  road  have 
been  settled  by  men  of  small  means,  with  little  or  no  capital  to  fall 
back  upon  in  case  of  disaster.  To  this  clasB  a  failure  of  the  crops 
has  a  terrible  significance,  meaning  privation  and  want.  They  rely 
for  support  the  first  year  principally  upon  the  meagre  crop  of  sod 
com.  The  grasshoppers  completely  destroyed  this  crop.  Many 
had  not  been  long  enough  cultivating  their  lands  to  provide  for 
other  crops  and  were  left  utterly  destitute,  and  starvation  must 
have  followed  want  of  help.  *  *  »  Negotiations  have  been 
going  on  for  some  time  past  for  settlement  of  difficulties  with  the 
Union  Pacific  Railroad  Company,  and  so  much  success  has  attend- 
ed the  eflTorts  that  we  now  lay  before  you  the  result  and  trust  that 
the  scheme  may  meet  with  your  approval. 

The  board  of  directors  earnestly  recommend  its  acceptance, 
believing  that  the  payment  of  principal  and  interest  of  all  the 
debts  of  the  company  is  thereby  assured  and  that  your  stock  will 
become  a  dividend  paying  one.  Very  satisfactory  progress  has 
been  made  in  carrying  out  the  compromise  between  the  company 
and  bondholders.  In  pursuance  of  the  terms  oi  the  agreement, 
the  company  resumed  the  payment  of  interest  as  agreed  upon  in 
November,  1874,  and  a  large  majority  of  every  class  of  its  bonds 
have  been  already  funded,  and  the  process  is  still  going  on, 
indicating  clearly  that  the  bondholders  in  Europe,  as  well  as  In  " 
America;,  are  satisfied  of  the  wisdom  of  the  arrangement  made 
between  their  representatives  and  the  Company.  It  is  hoped  that 
the  small  minority  which  has  refused  to  accept  the  arrangement 
will  ere  long  abandon  their  hostile  attitude  and  enable  the  com- 
pany to  bring  the  funding  operation  to  a  close. 

-The  whole  amount  of  service  rendered  the  Government  unset- 
tled up  to  date,  is  $626,095  04.  A  suit,  specially  authorized  by 
Congress,  is  now  pending  in  Court  of  Claims  to  determine  whether 
or  not  the  Government  is  entitled  to  retain  more  than  one-half  of 
earnings  on  Government  businefs.  We  confidently  expect  the 
decision  in  this  matter  will  put  about  $300,000,  50  per  cent  of  the 
amount  already  earned  and  retained  by  the  Government,  in  yotlr 
treasury.    The  QoTernment  has  instituted  a  suit  against  your 


September  11,  lfc75.] 


THE  OHRONICIiK 


r 


253 


company  in  th«  t«»»  month  for  five  p*r  cent  of  the  net  earninns, 
which  the  law  prorides  that  it  U  ••ntitled  to  after  the  oompleiioo 
of  the  mad.  Under  the  Ule  dectaion  maiie  hy  the  Supreme  Court 
o«  the  United  Statea,  in  the  eaae  of  8t.  John  »^  Th^  Erie  Railway 
Company,  we  do  not  tstidpate  any  call  upon  your  txeaaury  In 
coDJcqaeoce  of  this  claim. 

oeneraIj  investment  news. 


Alabamm  k  Chmttanoofa.— The  special  commigsionerisnow  in 
New  York  Uking  eTideneo  aa   to   the   reOiJTere  certificate*,  and  ^ 
othrr  claim*  a|;ainat  this  company.     It  appean  that  the  receiver's  i  the  fund  ana  interest  is  to  be  invested   in 


Cbieaffo  Bock  Island  &  Pacific.— The  following  were  ad- 
mitted to  the  Stock  Exchange  list :  One  million  dollars  of  sinking 
fund  income  sixes  of  1893  These  bonds  are  issued  by  the  Chica. 
go  and  Kock  Island  Railroad  Company,  and  sre  desifrned  to  pay 
<or  building  fifty  miles  of  additional  road  west  of  Sifronmey, 
Iowa.  They  are  to  come  after  the  first  mortgage  bonds,  are  to 
be  of  the  denomiuation  of  $1,000  each,  with  coupons  bearing  six 
per  cent,  interest,  payable  on  An?.  1  and  Frb.  1  of  each  year 
principal  payable  Aug.  I.  1S95.  A  sinking  fund  of  $40,000  per  an 
nam,  beginning  Jan.  1, 1877,  is  to  beset  aside  to  purchase  tbecn 
back,  i(  they  can  he  obtained  at  par  and  accrued  interust.     If  not, 

the   mortgage   sinking 


certificates  will  amount  to  a  little  more  thaa  $1,000,000.  of  n  hich  I 
about  $371,000  were  sold  at  90  per   ceut.  of   their   face.  >245,000  i 
were  irsucd  for  lands  at  ChatUnonea,  and  about   $400,000   were  i 
for  loans  made  by  the  reoelvera  with  interact  to  Sept.  1.     Of  these 
loans  about  $250,000  were  made   in    .\e«  York  at  a  high  rate  o( 
interest.     In  addition  there  U  about   $77,000  to  be  paid  for  wage* 
due,  and  $200,000  for  court  expenses.  1'.  is  said  that  there  is  about 

$IM.COO  owing  for  raalldebt^  which  will   have  bonds,  to  be  issued  by  tits 

money.    MrJ^.  C.  SUnton  holds  a  jad^meDt  o^«^.  "N^  ,  cievelaid  Columbus  CincinnaU  Slndianapolia  Kailroad  Comply, 
in  a  Tenne««e  court,  "''i^»»j>°''"";  '^l^tl7M000^  "^  •  »'«»  ^  cin«.Udating  ail  the  iodebWness  of  the  road  and 

Including  everytbmg,  the  debu  amount  to  atoutrmOW.  eeUblisUng  a   fund   to   meet   the    future   requirements    of    the 

An  offer  baa  bj~  in^«  by  Bo«on  I««»"»°  ?»'=''"•  ^,^«  "^'    eompanr  The  bonSs  are  to  be  of  the  first  cUss.  and  are  secured 
and  the  foreign  bondholder,  have  yent  a  q>.ci.al   agent     o   ne^^  P   J  „,  ,,,,  road,«  sinking 


fund  bonds  of  the  company,  at  a  price  not  exceeding  five  per  cent, 
premium  and  accrued  interest.  The  company  stipulate  that  if 
any  subsequent  mortgage  be  contracted  before  the  new  bonds 
reach  maturity,  it  shall  be  mvle  to  cover  and  inclade  this  issue. 

ClereUad  ColiUDbus  CinclnutI  ft  Indianapolis.— The  fol- 
lowing were  admitted  to  the  Stock  Exchange :  Smvbu  million  five 
hundred  thousand  dollars  of  Cleveland  Columbus  Cincinnati  & 


tlate  in  the  matter,  who  Is  expected  to  arrive  here  shortly, 
report  of  the  proposition  oiTerrd,  says  that  tbe  Beaton  party  will 
give  abont  $l,iIOO,000  esab  for  the  road.  soMect  to  the  receiver's 
certificate*,  and  the  SlaU  of  AUbuna  will  give  tl,00<>,000  In  her 
direct  bond*. 

Central  of  New  Jer>ej— Lehigh  *  Wllkwharre  C«al.— The 
following  srcnriiiee  have  been  placed  upon  the  Stock  Exchange 
list  Fifteen  million  dollarsof  I.«high  &  WUkasbarre  consolldatad 
guarantee  mortgage  bond*.  These  bonds  are  to  be  issued  by  the 
Lehigh  k  Wilkeabsrre  Coal  Company  forth*  parpoes  of  funding 
the  eoinpaaT's  present  ladshtsdnsss  and  rsllrisg  or  paying  their 


fund  trtnt  mortgage  deed  having  been  executed  to  Uenrr  F.  Vitil 
I  and  Charles  E.  Tracey,  sulgect  to  the  redemption  of  !1,6&0  old 
bonds.  That  nuxbe-  of  new  bonds  for  that  purpose  has  been 
deposited  with  the  Ignited  Sutea  Trust  l"onipany,  and  twenty- 
four  have  been  already  exchanged.  The  bonds  are  of  the  de- 
nominat  on  of  $1,000  eu'rrency,  or  itaOO  gold.  each,  with  coupon* 
atuched.  payable  on  June  1  and  Dec.  I,  in  Xew  York,  at  the  rata 
of  $33  currency,  and  in  London  at  the  rate  of  £0  gold  ;  orlriclpal 
payable  in  1914,  unless  sooner  redeemed  by  the  sinking  fund. 

Earo^MS  *  North  Amprlcan.— The  stockholders  met  in  Bsn- 


f  reseat  ontstandisff  bond*.    Thev  are  of  Iho  denomination  of  ,  gor.  Me.,  last  week,  but  adjourned  for  thirty  dsys  wliiiout  taking 


$1,000  each,  numbered  from  1  to  15,000,  dated  June  1,  1975,  prtn 
cipal  payable  Jane  1, 1900;  Interest  7  per  cent  per  annum,  pay- 
o.enta  to  be  made  i|uaTterly  on  March  1,  June  1,  Sept.  1,  ao-t  I>«<e 
I,  of  each  year.  Ttiry  are  icaafaateed  by,  and  are  placed  under  the 
heading  ot,  the  Central  Rallraad  of  Nrw  Jersey. 

Chleac*  Hllwankee  *  St.  Panl.— AaKag,  the  addlilons  to 
the  Stock  Excbasge  liM  ware  $35,000,000  at  MUwanke*  *  St. 
Paul  coetoHdstcd  rinking  (and  bonds  to  Mho  Ih*  place  ot  th* 
company's  br«t  mortgage  consolidated  bonds,  iatsd  Feb.  U.  1874, 
of  lb*  same  smonnt,  DOW  on  the  list,  the**  lattar  bond*  having 
been  dccUurd  d*f*ctlv*.  Th*  new  brnds  Mar  dat*  July  1. 1875, 
■re  of  the  danomlaaUoa  of  $ljOOO  aaeh.  afo  Mimbered  from  1  to 
85,000,  and  pay  latcrest  at  tho  rau  of  7  por  Mat  per  aansm  on 
Jan.  I  and  July  1  of  each  year.  Of  the  dslsaUvs  bonds  $l,080jOOO 
have  been  Isaard,  and  will  b*  exchanged  tor  tho  now  hoods  oa 
pre**MUloo.  $tt.amfilO  ol  tho  now  laHO  har*  boon  dopoalled 
with  Ifco  rhnsofa*  Loan  and  Traot  Compaar.  to  lake  np  all  out 


any  notion.    Tbo«ommlitee  for  the  creditor*  have  prepared  thoir 
iopan,and  will  present  It  soon. 

HISHonri  Kaasa<i  *  T«a.«i.— The  receiver,  Mr.  Wm.  Bond, 
roporu  as  follows  for  the  half  year  ending  June  3U: 


M«1(kl. 

pasf*^ 
■an* 


I8r*-T4. 

,    1t»,<M6 

Tl.Ilt 

*,7M 


isn-'.s. 
$ 


T«lsl t,ltl,l«    l.4M,Mt 


Traa'portatlon  ....  UVU 

LoromoilTe  up'se*  18K.aOI 

CampeiiM* n,4ti 

Milntea'ce  e(  wajr.  IM,ailO 

tieocral  expenses  .  t\9tS 

Other  expeasss MM 


US-*!!. 
• 


Worklnc  expentet. 
COestmctloa  aec'nt 


sni.tTJ 

B4,«44 


Total sae.Oia      976,510 


Netcarulag* M7,0re      «1.4at 

'I'b*  psoBOStimpI  working  expenses  was  40..18  per  esnt ;  In- 
sundlac  bonds  which  aiaoant  to  that  soa.  The  balance  of  the  |  olodlag  eooatraotioa  it  was  55  83  per  cent  In  1875,  aad  87.51  per 
Issa*  io  daaigaod  for  tho  parehase  of  steel  rails,  to  balld  bridgea,  mot  in  19*^4.  Th*  n*t  aarninga  were  $098  per  mlW  worked  in 
aad  far  oihor  pormaoont  imprDremeau  of  tho  load.  1 1879,  aad  $507  In  1874. 


MONTHLY  KAKNINOS  or  PKiNCIPAL   RAILROADS. 


-AtTep.  *I.y^ 

l-C».  101*. 

(■»«.)       (SOisa) 
•■I.7M         $SM» 


— Oestral 

^tH. 


ItMM 
trr.*<s 

IS4.4M 
l'.l.«90 


i:4.*u 
iei.aM 

MI.TT4 

liMm 
iisja 

iisjn 
iai,«« 


.-trdOla.  ALsl-. 

1«7«.  iSTS. 


•SISM 

•«,IM 

I.IMISM 

untjmt 

l,^<S*kSU 

i.m^a« 
i.*i*.a*T 

l.«MM 
tjM.m 


.»...    •I4.tit.n4 


1»IS. 

llJUat.) 

•SBO.SOO 

i.t«.(a» 

I,1SMM 

i.Tii.ast 
i,tt:.aaa 
i.ut.c« 


&*£*ChlMM. 

iso: 

fTSe».) 
t7.M* 


Brav.AE.sOraadf. 
ini.  itm. 

(1*0  M.) 

SO.SM 

si.«o> 


M.1tO 

m.»m 


n.itt 


mm 

IMS 

m,m 
n»is 


Mlliseli 

18?4. 
(lia»*».) 

wjm* 

StI.III 

Sim 

tR,4»l 

Tii,ta> 


CSDirtI  ^ 

JKT.V 
(1109  m.) 
$Ut,Mt 

W«.)88 
MS,7I« 
1M,»4 


tm>iu 

latoTnat'anl*«t  ■.    .-Kaaais 

l«M  W».  Mil 

(SSS  a»  )  (4U  St.) 

fiMiiis  ttm.nt 

rit^.sa«  n«.as* 

.  fi.in  iBissi 

M  njm  mjK»      Mtja 

it.^«T  SB.MM      n«.sn 

ia,i«4        '.*m      

«.«■•  nm 


.¥f«. 


trrctM 


r.sao.i>» 


0*irt^ 

Ma.Kaa.*T*sas. 

wm. 

IS74. 

irj 

(9tA  m.) 

(1Mm.> 

Ml.StS 

tao.>n 

UiJtU 

•ti.ni 

•M^OS 

tMOOO 

aoom 

**•■    •■• 

tU.Ml> 

i8(.im 

tn,m 

tAtMl 

•*••■•.>. 

WI.SM 

«ll,Tlt 

Mum 

SS4.400 

siiano 

KtJH 

$S.!30.W        

St.  1.  *  $.  Bsst^ 


1*!4. 
(XX  m.) 
tlll.MO 
9i,U7 

lo;,-*:! 

01.1)97 

m,va 

*■.«*> 

i!)i.9e 

$l.1H.8»t 


i»:6. 
aajm 

B.^.9tS 

65,044 
67,149 


.-Iad.Bl 
im4. 

(mm.) 
$151,715 
lAIM 
131, I8« 

IMI,S!!4 
1 19  910 

tw.iai 

1*4  ,W5 

:•<  iTi 

U«.tll 

ntjttt 


•West's.-, 
ims. 

(314  m.) 

$116  846 

9«,«14 

I04.no 

na.im 

n,047 

n.trr 
sijut 

lOSJM 


(iitm  ) 

iirms 

174.««8 
U4JM 
t4rs467 
I»,4«7 

n«o<7 

llS,SiM 
lU.tOt 

tn,«n 
wtjtm 

$1,191,019 


*Ohia-% 

IffTS. 

(•V7m.) 

(I96,7i9 

196,174 

110.151 

Uia,TII 

lOOiAM 

»9.'i 


..AV' 


. — Union 

1874. 

(irnsm.) 

gSMlTIS 

S0T.9SU 

eai.ita 
sst.g.u 
i>fo,nss 

9(U.89t 

890,1  It 

1.04t,4l6 

t.(in.«9« 

l.MI,BM 

1,<00.0S8 

667.159 

$10,511,680 


Pasifis.— « 

I87J. 

noiSm.) 

•57M60 

OlO^tOt 

(18.151 

!,0ffi,1>lS 

I.tT44»l 

1.041.tM 

1,0M,(I06 

1,OU,UOO 


254 


THE   CKaONlGLE 


I  September  11,  lb76. 


<Jl)e  vComiiicccial  ^imes. 

I  ;0  M  M  E  R(  HA  L^EPITOMK 

Friday  Night,  Sept.  10.  1875. 

^moDg  the  new  complications  wbich  are  operating  this  week 
aa  an  obstractioQ  to  business  are  an  advance  in  the  gold  premium 
and  a  decline  in  rates  of  exchange,  by  whicli  means  values  have 
been  more  or  less  unsettled,  as  lietween  buyers  and  sellers.  The 
weather  in  nearly  all  parts  of  the  country  has  been  exceedingly 
good  for  the  maturing  and  gathering  of  the  crops,  and  has  its 
effect  upon  cotton  and  corn,  whicli  suffered  Home  what  from  bad 
weather  in  August.  The  volume  of  jobbing  is  very  fair,  but 
little  animation  in  general  trade  is  observable. 

There  has  been  a  material  decline  in  pork,  with  lard  showing 
some  decline,  and  hog  products  are  generally  easier.  TUe  decline 
in  pork  is  mainly  owing  to  lower  prices  at  the  Weot.  There  have 
latterly  been  sales  of  mess  at  f30  70  for  September  and  October 
delivery.  Lard  sold  yesterday  for  export  to  the  extent  of  1,300 
tierces,  on  the  spot  and  f'^r  early  arrival, at  ISfc.  for  prime  Western, 
and  this  was  about  the  remainder  of  this  crop;  and  the  next  crop 
open-"  slowly  at  12i(ai2|c.  Bacon  iiiis  brought  steady  prices  in  a 
small  way,  but  pickled  meats  have  been  dull  and  weak.  Beef 
has  been  in  fair  request  ana  steady.  Tallow  has  advanced  to  9^. 
for  prime.  Butter  has  become  dull  at  the  late  advance,  with  the 
close  a  little  weak.  Cheese  has  been  dull  and  heavy,  closing  at 
9J@10|c.  for  prime  to  choice  factories.  Today,  on  reports  of 
danger  to  the  corn  crop  from  frost,  pork  was  finner  at  |30  85  for 
mess,  seller  October,  but  iu  other  particulars  the  market  for  pro- 
visions was  without  essential  cliange. 

Rio  coffee  has  declined  under  free  offerings,  and  the  close  is 
flat  at  19@20ic.,  gold,  tor  fair  to  prime  cargoes.  Mild  grades 
have  been  quiet  and  unchang^ed.  The  stock  of  Rio  yesterday  was 
48,500  bags  here,  3, 133  bags  at  the  outports,  aud  120,100  bags  afloat 
and  loading  for  the  United  Stalest  pons  ;  and  of  mats  here,  50,362 
Java  and  13,454   Singapore.     Rice  is  a  little  easier,  owing  to  the 

oming  forward  of  the  ne  v  crop  of  domestic,  which   promises 

much   better  than   early   in   August.     Molasses   has   been  dull, 

drooping  and  unsettled.     Sugars  have  partially  advanced,  owing 

to  an  active  demand  from  refiners ;  fair  to  good  refining  quoted 

at  8@8Jc.,  and  standard  crushed  refined,  lljc. 

_      .  Hhds.  Boies.  Bags, 

Receipts  Mnce  1st  September.  "  ""••  "  •""  -— 

Sales  since  Ist  September 

Stock  Sept  9.  1875 

Stock  Sept  10,  1874 


Bzporta  or  LeatfliiK  Articles  rrom  NeMr  ¥«rK» 
The  following  table,  compiled  from  Custom  House  returns, 
shows  ihe  exports  of  leading  articles  from  the  port  of  New 
York  since  January  1,  1875,  to  all  the  principal  foreign  countries, 
and  also  the  totals  for  the  last  week, and  since  January  1.  The 
last  two  lines  show  total  t)(i2u««, including  the  value  of  all  other 
articles  besidos  those  mentioned  in  the  table 


Hhds. 
..  (),784 
..  ia,759 
..129,739 
.    112,924 


Boxes. 

9.198 

8,i508 

48,6;J7 


Melado. 
4S0 
3,708  563 

203,705  n,3'76 

91^723 ,         41,.345  777 

Kentucky  tobacco  has  ruled  lower,  and  at  the  decline  is  decid- 
edly more  active  ;  7i@9c.  for  lugs  and  10330e.  for  leaf ;  the  sales 
lor  the  week  embraced  1,600  hhds.,  of  which  1,300  were  for  ex- 
port and  300  for  cousumplion.  Seed  leaf  has  been  less  active,  but 
about  steady.  The  sales  embrace:  Crop  of  1870,  11  cases  Con- 
nectlcut  at  7-^e';  crop  ot  1871.  100  cases  do  at  13c  ;  crop  of  1873, 
17  oases  do  at  38c.,  57  cases  New  York  at  13c.,  354  cases  Pennsyl- 
vania at  13J@32io..  50  cases  Ohio,  and  50  cases  Wisconsin  and 
Illinois,  on  private  terms  ;  and  crops  of  1871,  187i  and  1874,  30 
cases  Connecticut  at  17c;  also  300  cases  sundry  kinds  at  7(3350 
Spanish  tobacco  has  remained  steady ;  the  sales  were  500  bales 
Havana  at  S5c.3$l  05. 

In  rosin  a  steady  business  has  been  done  for  export,  and  quota- 
tions have  shown  more  firmness ;  strained  to  good  strained  quoted 
at$l  65(3$  1  70.  Spirits  turpentine  also  has  been  more  active, 
but  closes  quiet  at  Sl^c.  Petroleum  du  ring  the  week  has  materi- 
ally advanced  under  higher  Creek  advices  and  limited  offerings 
on  the  part  of  refiners  ;  at  the  close,  however,  there  was  only  a 
■teady  market  at  somewhat  reduced  figures;  refined,  in  bbls., 
ll-J@12c.;  crudej  in  bulk,  5Jc.  Ingot  copper  remains  steady' 
with  sales  to  the  extent  of  200,000  lbs.  Lake  at  23J'a33ic.  cash 
Whiskey  has  declined  to  $1  20. 

The  business  in  ocean  freights  has  been  more  on  a  moderate 
scale,  and  rates  have  not  exhibited  any  great  steadiness,  though 
at  the  close  the  tone  and  oosition  were  inclinsd  to  be  so.  Late 
engagements  include:  Grain  to  Liverpool,  by  steam,  7i^@8d.;  do. 
to  Hull,  by  steam,  8d.  Charters— Grain  to  Cork,  for  orders',  5s. 
10d.fa6s.i368.  3d.;  refined  petroleum  to  the  United  Kingdom  5s.;  do. 
to  the  German  Baltic  .'5s.4+d.;  do.  in  cases  to  Messina  26c.  and  do.  to 
Odessa  30c..  both  gold.  Today,  tliere  was  a  rather  quiet  market, 
but  no  material  change  in  rates  took  place.  Grain  to  Liverpool' 
by  steam,  (to  fill)  6i(a6}d.;  do.  by  sail  to  London  7d.;  do.  bv 
Jteam,  to  Hull  8d.;  refined  petroleum  to  Rotterdam  4s.  6d.;  do. 
to  an  inside  Spanish  port  5s.  6d.;  do.  from  Philadelphia  to  Trieste 
5s.  9d.;  cases  from  do.  to  the  Levant  35c.  gold. 

Linseed  oil  has  ruled  lower  at  64@60i;.  Crude  sperm  has  been 
in  good  demand,  with  sales  of  1,000  bbls.  for  export  and  home 
use  at  $1  50.  Other  oils  have  been  quiet  and  unchanged. 
Mackerel  liave  sold  freely  at  $17  50@18  lor  .So.  1,  and  $12  50v(iil3. 
for  No.  3  ;  also  1,000  bbls.  smal  I  No.  8  for  export  at  $898  50.  Cod 
fish  have  been  quiet  but  firm.  Hides  have  beea  in  moderate  de- 
mand and  unchanged;  dry  Buenos  Ayres  quoted  at  21@32|c., 
gold,  and  dry  Texas  18ic.,  currency. 


ilB 


5321SS    "CW^S*       S;°'?5Ss-'i'"2'^S»pl'-S*'=2'" 


V         fS 


9^  ft? 


'S' 


—  ■     1-00        Mi 


to* 


cdg^g 


of  *      ^ 


cost    •  SSJ 
ate*    ■  g« 


s 


oa- 


SS 
n 


2S:i:S     ■     -SOio^^o     •«     .     - ?« e* iO «9 o 91  ,-t t- V *o c- sa         »©?? 

:    SSSi  :  :S;«53S  :S  :  tg^islssSSseg  :  Is 


■OS       '^O 

•  Si     -en- 


S  : 


u  a' 


8  8' 

sa- 


S  : 


;S   .«{   .c 


iiSi  .-^li 


iS 


•2     ®St*'    -9   •«« 


;— ■«  w  «• 


S-  as 


^Si 


|S!$S 


BO> 


oS 


:SSS 


»■  o  «  ^2  OS  iQ  t- <?•  00       acflD-v^         ??t 
•4«oo      t-^mr^t^  CO       SJ 


^  2  S '^  2  9i  •"  <>P  «5  •«■  t- "^       Hi^ 

rl  t>  "S*        C*t0<N0»e««-'iS-06  "".^ 

■^«      m      ode  oc«       n'^ 


a  Tj-jS    .55      i-t-     aiqw    -(6     iBSil      co5o      «0"*-a!bt-o>«f-  ^       one 


jrgWt-**      *           -f*      ■     •  Ciy-      ■             i^«DcO      -QOe*  -ODOJ'-'        oSmO  COO 

.4         :...;:.:::§  iSSg  .S  :  .2      ■        g  8S?i 

<l      "'  ■"■"'    ■$  ■      ■  s 

h-"      ■■   :  r^igi  :S    SSS  :§  .  :  ;88  :-;  :  : 

^"^                                                                                                   CO  " 

"$'?•    .»    .    .    .g;    .    ■    ■    .      JO    '21?    •      ?:  •    *    -t:--        •*  ^^Mi^ 

^  0.«     .  _.     .     .     .db     .     •     .     .       — .     ;«t-_    .     —i^  .  .     .     '50^          .^  ^ct/Tft- 

i  :::.;:.::::  .3  :  :|    SS  ;:::§§  i"?  :    8 

a ■     (»'  ■      *n    ■  - 


s   s= 


CCOQ 


I     Si 


SS 


is 


CO 


.Sf 


S      5 


-•  :  -i  :  ;2  :  ,85 

S07iCD-«Ci9      .•)0^''tr^^    i 


^  CO  ^     •  TO  I-' 


:ss 


■■is 


com 


•  Si 


2W        ,-.OqS~0>      .MMtCfO 


^.C  B  «B  «  n  g 

^    S  :  i  :  ■  : 


2« 


•  -^  e*  e»  «  'l^.r-  '^■^.■^_*  o  U  ci  —  —  ' 


C-  G«         — > 


OS  O"  CO  Oi 

s 


8  SbK 


ill 


«  j«jH  ao-  Sf  "  ja  J3  Ifi  o -- --• -i  ™ 


C   ^   OD 


u  s  ■ 


a 
:ai 


ssHili 


:•« 


"  ■  •  ;  ■  '"a  "> }  "  e  -o  -aS*  ' 


ie 


rt  o  o  o 

0000 


-  O  X 

3ue 


:sg 

33* 


« s 

•3-2 


x^ 


x^f^ 


September  U,  1875.] 


THE   CHBONICLE. 


256 


I'he  folloirlnx  t«bl«.  compil.^  from  Oustom  House  retarna, 
*boiri  tbe  foreiffa  importa  ot  le«diD|;  artiolw  at  this  port  ■iaee 
Jul.  1, 1875,  and  for  the  aame  period  of  1S74 : 

[Tlw  qoaatlly  la  girea  la  paciu^aa  whoa  oot  olharwlM  apecUad.] 


SlBca 

BaoM 

Stnca 

Same 

Jaa-LISL 

tlaain4 

Jaii.l.*1&. 

tlBiatSTt 

Oblu,   Olaa*  and 

Metala.  Ae,- 

latth«airar»- 

CuUerj 

I,CH 

J.«T 

China 

•.m 

•.M 

Hardwai*. 

t.101 

t.l« 

Barthenwara.  . 

■kW 

HIM 

Iron,  BB.  Ian... 
SpaltarTlM 

M.*lt 

n\.*n 

aiaa* 

SU.M 

tmjm 

TMH 

i«7,ije4 

Olaaawara 

ta.OH 

KIM 

aM,IM 

l.TSOJMl 

QUaaplaU 

1.0M 

MM 

Steel  .: 

M,1M 

81,«T) 

BOUOM 

M.4ST 

Tin,  boata. 

Tln<Uba.lba... 

1M,1« 

4.m.Ha 

HT,*S4 

ai»l.laM. 

T341.M 

(toaM.baca..     .. 

1T30» 

UiSU 

Raga 

R.SM 

Hno 

Oo*a.Sa. 

t>ane«.b3aa 

•^'iSi 

•-■ag 

"'SSJi..'!'^.!--.* 

BOi.g« 

su,aa8 

"l&^.rU^ 

8a(ar,  bn  *  bac>. 

umjir. 

MO.™ 

M.:n 

«,» 

Tea  .Tin. 

•H,tn 

-.n.7« 

Haa.  poirdan... 
OaeUoaal 

turn 

MO 

4.T« 

Tobacco 

Waata. 

«II.U7l 
tM8| 

M.in 
a,i« 

Oraaa  Tartar... 

m 

WlMa.**- 

man 

tUM 

C!ha^piWM.Wa. 

t*.1M 

aHMT 

aam.Anble.... 

MS 

«,M 

Wlnaa..T.- 

iai.4M 

ua.r7s 

iiSKr..-..:;:::: 

IL«H 

WooUbalaiL 

njm 

n,tM 

oUa.  aaaaaHal.. 

m 

Ufl 

wtm-'^ 

(Ml,  OUT* 

Ofiam 

ai*M 

M^ 

Clcara >.  .. 

|«llM,Mt 

tUI«.Mt 

Mn 

MH 

Oorka 

MKII 

M.M> 

I>ada,M<M«.... 

IMM 

A^ 

raacriMil, 

TMIM* 

TtlJtt 

So<U,<al 

ss 

«•>■ 

rjah  .' 

m^m 

Ut.lfl 

aodaaah 

4M« 

M.Mi 

TnitM,  tm- 

rial    

Ma 

T.4BI 

Lamoaa.;, 

HikMl 

Ml,41< 

ran 

•■S 

<M) 

OniHWn. 

UTM^IM 

Mn.4n 

eaaardoa 

l.«i 

Mau^ 

MUM 

HMIB 

Bait 

M'l 

UM 

BaUaa.. 

'OMM 

l.M(.il« 

Baap,bala« 

IMM 

MtlTU 

—  •      lit  if- If 

Vf.m 

«.MM01 

HMaa^Ae- 

Bloa 

tn.ni 

HUCM 

Mbaa 

BIdaa,  diaaaad.. 

LMM 

MM 

"Sa.**:: 

UI.Mt 

TJ.IM 

luHaraMtar 

turn 

rjti 

Ol^OT. 

H,1M1       TI.S34 

l»orT 

Mw 

un 

Ml^flM 

M4.M* 

laankqrAa^ 

MM 

MM 

«S5r«~..-~ 

JTooda       . 

MMM 

MM« 

Waicka* 

m 

Cork. ..•«••••..  . 

MMn 

»l,»lt 

Iliiiii 

«i.»t 

H^tU 

raatle..- 

KIM 

M.HB 

tUM 

MJMI 

feS^S^".-:::-. 

MdMS 
n.TM 

tM,SU 

KMt 

The  reeelpta  of  domMtle  prodaea  ainoe  jMloary  1,  187S,  aod  tor 
the  aama  time  tn  ld74.  have  been  aa  folio** : 


•laca        

'aa.l.*n.  Uaa  UN 


*J9 

Butoyaad^l. 
Utaaa  a*a4.ha«a. 


t%;8%%s; 


UJIl 


Ml,f>t 

m.iM 

1.1 


MM 

t.ioi,m 

IM 

Mim 


JMM 

»l.Mi 

M.MI 


t,wr4ii 


«hM4 
MkTTl 


<aa.l,*7>.'tlaaW« 


Lard.. 
_     Lard.. 
a,MT^  Blca... 

:Ataartaa. 

Iflacar  ... 

ItHw;.! 

'n>ba«ee 
Tabaceo. 

■MM^iWalakar 
^IWool 


11 JM 

MM.tT« 

■;«M 


m  ttrt 

\1tJM\  MMM 

«.TM,  «.!» 

M.«*  KUt 


1J«1.»M 
Mt,7W 


M.m 


n.«M 


kalaa.i 

Mjn  DraaaailB— a..Wo.l 


IMU 


M.4M 
WT,H> 
MJIM 


9fi.au 
iM.ni 


COTTON. 

Pbioat,  p.  M.,  8«pt.  10.  1870. 
Hj  apeeUl  l«lafr»m«  laealrad  to-night  tnm  th*  Soothara  Porta 
are  are  in  pnwiwioa  of  tk«  iMaraa  ahowtaf  tha  fwaipta.  axporu, 
kc.  of  eouoa  for  the  w««k  oadin^r  thU  afwriac,  Sept.  10.  It 
appear*  that  the  total  raeaipta  for  tbr  aevaa  dar*  hare  reached 
18,S76  balea,  agaloac  12M  balaa  laat  week.  8.010  balea  the 
piavtoaa  week,  aad  l.Ml  balea  three  weeks  iiaee,  making  the 
total  laealpu  riaee  tbe  SrM  of  HaptoBbar,  1873,  -itini  balea, 
aumloat  19,706  balea  for  the  aama  period  of  1874,  ahowiog  an' 
taeraaa*  aiaee  Sepiambar  1.  1873,  of  3,913  balaa.  The  detaiU  of 
tba  reeeipta  for  tbla  week  (aa  per  telegraph)  aad  for  corroapood- 
lag  waoka  of  At*  prevloaa  yaan  are  aa  foUowa: 


aaeaiead  lata  «aak  at-      im. 


••»  Orlaaa* 
«ae«ta  

Saraaaaa 

UaiTaaaaa.  ..  _.*.„.. 

UHaaoi*.  a«  

r  onaaaau.  a« 

'■■•rVU  

.ao-k  Caraliaa 

»   rfoW    ..     .. 

'  iif  P^at.  ae 


ItkUwaak.... 
Tetauiaaaaael.l. 


im. 

UM. 

l*M. 

wa. 

vm. 

tMI 

s 

Km 

IJM 

^ 

!£ 

urn 

{     I.ITI 

HIM 
UM 

i.4a4 

i4M 

•8 
8! 

»l 
(7 

41 
•44 

M 

1.1* 

4 

111 

1 

l.J1» 

1      •" 

tun 

ujm 

IWM 
>IJM 

M.M4 

UJM 
lt,M» 

Mjn 

tt.1Bi 

UM. 

I,l«l 
UM 

Uia 

Ml 
UM 

"in 

HI 


The  exports  for  the  week  endingf  this  eveoio;;  reach  a  total 
of  3.183  balus,  of  which  3.013  were  to  Great  BriUin,  19  to 
Prance,  and  150  to  the  rest  ol  the  Continent,  while  the  stocks, 
aa  made  u^his  evening,  are  now  70.059  balea.  Below  are  the 
stocks  and  exports  for  the  waek  and  also  for  the  corresponding 
week  of  last  season. 


Kaported  to— 

Total 

(hi. 
week. 

Same 

week 

Bcoca. 

Wa«K  eadl&a 
Sept.  10. 

^.Brll. 
I'JM 

France 
"if 

UontlB't 

in 

iaT 
i» 

18W. 

im. 

.lav  Orlaaaa 

Itobli* 

Ckanaatoa... 
SaTaanah 

Kev  Tork.. 
Otbar  porta  . 

l,10t 

s,in 

4,1:4 

■ » 

•,104 

1%5 

>,77S 

ijua 

l3,lSt 
M44B 

15,000 

u.n4 

MB 

Total  .. 
Blaea  Sept.  1 

•,013 

U 
19 

vjat 

•un 

l^r  Oar  telegram  from  New  Orleans  to-night  shows  that 
baaidea  the  above  exports  the  amount  ol  cotton  on  shipboard,  and 
engaged  for  shipment  at  that  port,  is  aa  follows :  For  Liverpool, 
1,000  bales;  for  Havre,  500;  for  Continent,-  none;  for 
ooaatwiae  porta,  500;  total,  3,000  bales;  which,  if  deducted 
from  the  stock,  would  leave  7,500  bale^  representing  the 
qoaatitj  at  the  landing  and  in  preesea  unsold  or  awaiting  orders.! 

Krom  the  foregoing  ataiBnioBt.  It  will  be  seen  tbat,oomp4Urea 
with  the  corresponding  week  of  laataeaaon,  th^re  is  a  deertat* 
IB  the  exporta  this  w<«k  of  4JS71  jalea,  while  the  stocks  to- 
night ar*  34,903  bale-  Uu  than  they  were  at  this  time  a  year 
ago.  The  following  i*  <  ur  usual  table  fihowing  the  movement 
ol  eottoa  at  all  tbe  porta  from  Sept.  1  to  Sept.  3,  the  latest  mail 
dates: 


FOKTa 

annesapv.  1. 

uii.     i..r 

axiuaiau  aiaoa  aarr 

ITO— 

Coaat. 
wlaa 
Porta. 

Oraat i 

I'lxti.'riaaea, 

Oiber 
ror'ta 

Total. 

Meek. 

CkactaKoa*... 
llewTerk. '.'.'.'. 

OIkarpora.,.. 

Ml         la 
■:«         M 

t»l            Ml 
141 

S      .{ 

■OS            M 

107        tr. 

\M 

:::: 

:::: 

sea 

Nl 

15 

s 

iS 

MM 

un 

lUM 

J 

TeiallMayaw. 

4JMi 

UM 

.... 

.... 

UM 

uu 

•gist 

TaiallHtTav. 

..        MM 

l,«l 

un 

LMt 

Wl^ 

•  (Jadarlfcakaader 
fMaCAa. 


I  la  laaladad  Port  Bujral.  ae  :  aadar  the  head  ot 
aa.iaadar  ibe  kaadof  Jfbr/Mk  I    '     ----- 


E  u  laaladad  Citp 


Tha  market  for  cotton  on  the  spot  haa  been  drooping.  In- 
craaasd  raoeipta  at  the  pons  caused  free  offerings  for  September 
aad  Octo'Mr  delivery,  which  checked  the  demand  for  cotton  on 
the  spot,  aad  oaoaed  an  irregular  decline  in  pricea;  low  gradaa, 
which  hava  04rt  been  much  wanted,  have  given  way  moat. 
There  waa  on  Taaaday  areducUoaof  1-lOc  in  Low  middlings  and 
ic  in  tbe  lower  gradea,  while  Middling  and  gradoi  above 
wara  not  ehaagad.  On  Wedneaday,  Low  Mi4Blings  and 
gtadoa  above  wara  redaead  1-lOe.,  and  gradea  h«low  marked 
down  Ic  YsMaiday,  there  was  a  uniform  decline  of  ^, 
with  ttta  haalBaaa  wholly  for  home  consnmptioii.  To- 
d^,  prtosa  waia  reduced  1  16c  to  14{e.  for  Middlings  Uplands, 
with  a  moderate  bosineaa  for  home  consumption.  Vor 
fatare  delivery,  prioaa  have  fallen  off  rapidly.  Reeeipta 
at  the  ports  are  unexpectedly  large,  exceeding  thus  far,  wa 
baliars,  any  former  movement  for  September.  Crop  aecounta 
hava  baaa  very  favorable,  with  the  weatber  clear,  hot  and  forcing, 
caoalag  eottoa  to  make  <>q  tlio  plant  with  all  the  rapidity  and 
falaaaa  poaaible.  Korelgo  raarketa  have  been  dull  and  weak, 
aad  trad*  raporta  by  ao  means  aneooiaging,  although  many  mills 
have  starlad  ap  ia  the  Eastern  Stataa  uid  Ureat  Uriuin.  Under 
tbeae  dreamstanoas  the  fact  that  prioaa  are    the  lowest  in  many 

Kara  haa  little  lallaence  upon  thia  ooarae  of  futures.  Latterly, 
wever,  rather  more  cautino  ia  shown  In  going  "  short,"  but 
Buthiag  Ilka  a  revival  ot  speenlsUve  activity  and  confidence. 
Yesterday,  there  was  aiiotlier  sharp  decline,  with  free  aellera  at 
tbe  reduction,  two  of  tbe  Autumn  months  going  at  under  I3c.  for 
Middling  Uplands.  To  day.  there  waa  a  partial  reaction,  but  a 
qal«44aail|aM  Therv  were  indications  of  an  unfavorable  change 
in  the  weather,  by  which  more  or  leaa  injury  it  is  supposed  may 
be  Inflicted  upon  tbe  gmwiog  crop.  Tli»- ExchaoKo  adjourned  at 
an  earlier  hour  than  uaual,  in  respect  to  the  memnry  of  tlie  late 
Mr.  William  Patrick,  whose  funeral  to 'k  place  tbla  afternoon; 
and  the  only  -late  sale  waa  fur  January,  at  13  l-83c.  The 
toul   sales  for  forward  delivery  for  tbe  week  are  141,700  bales, 

Including free  on  board.    For  immediate  delivery  the  total 

sales  foot    up    this   week    7,(137    bales,    including   for    ex- 
port,  V,712   for   consumption,  315  for    speculation   and   in 

transit.    Uf  the  above, balee  were  to  arrive.     The  following 

are  the  dosing  quotations  - 

Jaw" 


Raw  ClaaaHealloa. 


Opiaada. 


•trlNOrdtaatr 

OoedOrauarr     

Strtet  Good  Ordinary.. 

LowMlddllna        

Strict  Low  Mlddllaa.., 


Mlddllna  _. 

Strlot  Oood  Mlddllaa.... 
IMdIiac  Pair 


*:\\  i»-iaa.... 

...lit  I-I4  1.... 
...  U  1I-I4S... 
...Il<»-I4#.... 
M  U-l(«.... 

UM*.... 

l4Ki... 

I4|l«.... 

Ua:::- 
i«t(*.... 


II  is-l«a... 
u-,-\*A.... 
i<  l-ll  •  ... 


II  IS-I««.. 
la  »-u  •.. 

u  lt-ll«., 

u»-i4r 
II  i-i<  i 


ii6« 


1:he  cimoNicjLti 


tS^iember  ll,  18i5 


Below  we  give  the  Bales  ot  spot  and  transit  eotton  and  priM  of 
inlands  at  thia  market  each  dar  of  the  past  week  : 


anLiB.                            1 

faro.t. 

Now 
CUMlilcatlon. 

Sxp-t. 

0<*n- 
•urap. 

gpec- 
aU'n 

165 
100 
SO 

Tr»n. 
nit. 

Total. 

Ord'ry 

Qbod 
Ord'ry. 

LOW 

Midrg. 

MTJ- 
dllnt . 

Balarday 

Hoad»T 

ru«a»T....... 

Wedae><l*l.... 

f?,y.rr.v.:::: 

14i 
1,1  .< 

l.seo 

m 

1,239 
1,367 

6.713 

«13 
1,451 

l,i!lj 
1.8SI 

12 
UK 

11  13-lJ 

13>< 

U 

U  l:«^6 

14M 
14X 
U  1-16 
j4 

13'l3-16 

liX 

14  9-16 

14  7-16 

14)» 

Total >.. 

SIS 

•  tm; 

"•• — 

—  • 

.... 

.... 

For  forward  delivery  the  sales  (including  free  on  board) 

WTe  reached  during  the  week  141,700  bales  (all  middling  or  on 
Hhe  basis  of  middling),  and  the  following  is  a  statement  of  the 
•ilea  and  prices 

tor  BeptemDer. 
bale*.  <:U' 

IJUO 13  »-82 

jBjio 13  3-lt 

.TSSo i«  11-34 

•■Tlo UH 

UM '.3  liSi 

'5335 13  M6 

SftO 13  15K 

iUWi 13>, 

iiipo 13  nsJ 

•nSx 13  9-16 

aw isx 

100 112132 

J,«o IS  n-i« 

mo IS  2S-S2 

JoOi.  n 14 

U,W  total  Sept. 

^    For  October, 

isao 13 

J!lli0 13  1-32 

3,a00 13  1-16 

ijm. 13  3.32 

•.aco i3>< 

IMO 13  5-.S 

m 13  7-32 

WO nn 

JQO. 13  '"-SB 

.13  5-16 

13  11-32 

....13X  I 


Oct. 


bales.  cts. 

500 13  l-H 

SOO 13  3-3; 

«00 ...13X 

100 13  3-16 

700 13  7-32 

3.9)0 13>i 

2,2J0 13  S-'-U 

200 ISH 

u,000  total  Not. 

For  December. 

4O0 12  29-32 

1,900 1!  13-16 

200 U  31-31 

4.3»J 13 

1,700 IS  1-31 

800 13  l-'.6 

900 IS  3-32 

803 1'lX 

I.IOP 13  5-32 

SOO 13  3-16 

3,600 ISk 

500 IS  9-32 

1,000 13  5-16 

16,800  toUI  Dec. 

For  January. 

S.'.OO. 13 

3.700 13  1-32 

1,300. :S  1-16 

1,100 13  3-3! 

i,-,oo na 

600 13  5-32 

1.300 .13  3-16 

1,200 13  7-32 

70O ..13W 

500 13  9-32 

2,400 13  5-16 


balci.  cts. 

2.500 13  11.32 

2,i00 13X 

800 13  13-32 

23,200  total  Jan. 

For  February. 

SOO 13  816 

1,S0U 13  7-32 

600 ISX 

600  ...     ...13  9-12 

1.30O 13  5-16 

2,200 IS  ll-:!2 

600 \i% 

I.SOO 13  1332 

SOO 13  716 

1,600 ISX 

2,800 13  U-3J 

13.900  total  Feb. 

For  March. 

600 13H 

aOO 13  lS-3i 

2.600 13  7-i6 

.500 13  15-:a 

S,SOO 13H 

2,500 IS  17-32 

600 13  9-16 

1,100 13  19-32 

300  1SJ< 

400 13  21-32 

5.300 13  ;l-16 

1,900 13  23-32 

400 13i^ 

19,600  total  March. 

For  April. 
200 13  4-lS 


bale*.  cti. 

lOO 15  21-32 

100 !3  11-16 

1,400 13  23-32 

6011 ISK 

200 13  13-16 

60J 13  27-32 

600 13K 

SOD IS  29-32 

4,100  total  April. 

For  May. 

100 13V 

SOO 18  27-:2 

500 13J< 

600  13  29-31 

100 IS  l.i-iB 

800 13  31  SI 

lOO 11 

600 14  1-16 

500 14  3-32 

1,100 UX 

400 14  6-32 

a,lCO  total  Hay. 

For  June. 
[200. ..:.-..  13  31-32 

5011 11  1-16 

400 U  3-32 

100 14  316 

300 14>4 

1,500  total  Jane. 
For  July. 

SOO 14  3-16 

210 11  7-32 

WO UU 


r  Slhoo  total 

J'br  November. 

1.400 12  1516 

1400 12  31-32 

}3DQ.'!.'!.'!'.'.'.is-i'32    2,4o6!;!!!!!!!i3  5-16      200.'.".~'.'."i3  4-is      800  totaUuiy. 
"     The  following  exchanges  have  taken  place  during  the  week  : 

'      1S-J1C.  pil.  to  ei.oh.700NoT.  forSopt. 
aoo  September  for  March  even. 

The  followine  will  show  spot  quotations  and  the  closing  prices 
bid  for  futures  at  the  several  dates  named ; 


MIDDLIKQ  UPLASD9— AMERICAS  OLASSIFIOATIOK. 


Frt. 

Onapot UH 

Bepiember 13X 

October  IS  9-32 

November 13  5-16 

December 13  3-18 

January 13  11-16 

;  Ftbraary 13H 

March 13  11-16 

•ijirtl 13X 

»y iiw' 

done 14!< 

July.... 14  7-16 

BiBMapot 1,609 

aalenfature...  21.800 

Oold 114X 

Bxchanxe i.iiH 


Bat. 

13  21-31 
13  5-16 
!3K 
ISM 

13  U-32 
13S 
13  11-16 

13  27-32 

14  1-16 
U  7-32 
14  13-32 
913 
1J,500 
114S 
4.9iH 


Mon. 
14X 

13  11-16 
13  5-16 
13« 
!3k 

13  11-82 
13X 

13  Ll-16 
13« 
U  i-!6 
14K 
II  7-16 
1,2 '4 
19,8'JO 
lUK 
4.82H 


Taes. 

Wed. 

u% 

14  »-l6 

13  X 

13  15-3! 

13  5-32 

13« 

13  1-16 

13  1-31 

H  1-16 

13.1-32 

13  3-16 

13  5-31 

13  13-32 

1.1  11-33 

13  19-32 

13  17-32 

13  15-12 

13V 

13  31-32 

13  15-16 

UH 

14  3-32 

14  U-Sl 

MX 

1,410 

81i 

IvS-W 

29,900 

115 

UaX 

4.82X 

4.82X 

Thar«. 
14  7  18 
13  5-16 
13 
12  19-32 

12  15-16 
13 

13  S-U 
13  13-32 
13X 

13  ^7-3! 
14 

14  5-32 
1,231 
33.700 
115K 
4.79H 


Frt. 
IIX 

13  :S-31 
13  a-3! 
ri  31-32 

12  81-32 

13  3-32 
18M 

13  15-32 
13  11-16 

13  29-32 

14  8-32 
14  M 
l.S'JI 
24,000 
116V 
«.77>i 


WfiATEBR  Reports  by  Telegraph. — Our  telegrams  to-night 
lAow  a  further  improvemeiit  in  the  weather  throughout  the 
south  during  the  past  week,  and  a  corresponding  improvement  in 
the  condition  of  the  crop.  With  limited  exceptions  it  has  been 
warm  and  dry,  and  in  most  sections  very  warm,  checking  rust, 
removing  all  fears  of  worms,  and  forcing  the  plant  into 
quicker  maturity  than  could  have  been  anticipated  two  or  three 
weeks  since.  Picking  is  going  forward  very  rapidly,  and  a  dis- 
position manifested  to  hurry  the  crop  to  market  as  expeditiously 
as  possible. 

Oalteston,  Texas. — The  weather  the  past  week  has  been  very 
hot  with  rain  on  one  day,  the  rainfall  reaching  thirty-six  hun- 
dredths of  an  inch.  Excellent  progress  is  being  made  in  picking, 
and  the  marketing  of  the  crop  promises  to  be  earlier  than  ever 
known.  The  thermometer  has  averaged  85,  the  highest  being  94 
and  the  lowest  76. 

Indianola,  Texas. — It  has  been  very  sultry  here  this  week, 
though  favorable  for  developing  and  gathering  the  crop.  The 
plant  looks  strong  and  healthy.  It  has  sprinltled  on  two  days, 
the  rainfall  reaching  only  seven  hundredths  of  an  inch.  The 
thermometer  has  averaged  81,  the  highest  being  94  and  the  lowest 
77. 

Oorsieana,  Texas. — We  have  had  extremely  hot  weather,  the 
thermometer  averaging  85,  the  highest  being  100  and  the  lowest 
71.  There  was  a  shower  on  one  day  with  a  rainfall  of  seventeen 
hundredths  of  an  inch.     The  crop  in  this  district  will  be  large. 

New  Orleans,  Louisiana. — Warm,  sultry  weather  lias  prevailed 
during  the  week,  without  rain.     Average  thermometer  85. 

Shreveport,  Louisiana, — There  has  been  no  rain  here  this  week. 
Bust  was  developing  in  some  districts  around  us;  but  the  weather 
is  now  splendid  ;  planters  are  busy  picking  and  new  cotton  is 
coming  into  town  plentifully.  The  thermometer  has  averaged 
84,  the  highest  being  90  and  the  lowest  74, 

Viekiburg,  Mississippi. — We  have  had  rain  on  one  day  with  a 
lainfall  of  eighty  .one  hundredths  of  an  inob.    Picking  is  going  on 


finely.    The  thermometer  has  averaged  83,  the  highest  being  85 
and  the  lowest  83. 

Columbus,  Mississippi. — It  has  been  warm  and  dry  all  the  week 
and  fine  progress  is  being  made  in  gathering  the  crop.  The  week's 
receipts  of  new  crop  was  fifty  bales.  The  thermometer  has 
averaged  84,  the  highest  being  93  and  the  lowest  75. 

Little  Rock,  Arkansas. — The  weather  the  past  two  weeks  has 
been  very  warm  here.  Average  thermometer  83,  the  hightsl  being 
lOO  and  the  lowett  6S,  and  the  rainfall  two  inchej  and  seventy- 
four  hundredths.  This  is  the  average  temperature  and  rainf&U 
for  the  two  weeks  ending  to  day. 

Memphis,  Tennessee. — It  has  been  warm  and  dry  thia  week  until 
to-day.  There  has  been  rain  to-day  with  a  heavy  wind.  In  a  few 
upland  localities  rust  has  developed  badly  and  the  top  crop  in 
those  localities  will  be  poor.  The  thermometer  has  averaged  83, 
the  highest  being  93  and  the  lowest  74. 

Nashville,  Tennessee. — We  had  no  rain  this  week  but  very  warm 
weather.  Accounts  with  regard  to  the  crop  are  conflictinz,  many 
localities  complaining  of  injury  from  the  scorching  heat.  The  ther- 
mometer has  averagtid  80,  the  highe.it  beinji  91  and  the  lowest  70. 
Mobile,  Alabama. — There  were  light  showers  here  on  two  days 
of  the  week,  the  rest  being  warm  and  pleasant.  Picking  is  pro- 
gressing finely  ;  the  middle  crop, however,  will  be  poor.  Raiatall 
for  the  week  twenty-four  hundredths  of  an  inch.  Average  ther- 
mometer 82,  highest  94  and  lowest  73. 

Montgomery,  Alabama. — There  has  been  no  rain  here  the  past 
week,  the  weather  being  warm  and  dry.  Picking  is  progressing 
finely,  and  planters  are  seiidlng  their  crop  to  market  freely.  The 
thermometer  has  average^l  85,  the  highest  being  97  and  tiie  low- 
est 70. 

Selma,  Alabama. — Kain  fell  on  one  day  the  past  week,  the 
rainfall  reaching  thirteen  hundredths  of  an  inch.  Average  ther- 
mometer 84. 

Madison,.  Florida. — There  was  only  one  rainy  day  the  past 
week,  the  rainfall  reaching  forty-four  hundredths  ot  an  inch. 
Average  thermometer  85,  highest  93  and  lowest  78.  About  two- 
thirds  of  the  30tton  crop  is  Bow  open. 

Macon,  Georgia — There  has  been  no  rain  here  during  the  week. 
The  thermometer  has  averaged  84,  the  highest  point  reached 
being  97  and  the  lowest  6«.  Hainfall  for  the  month  ot  August 
seven  and  sixty-eight  hundredths  inches. 

Atlanta,  Georgia. — The  weather  the  past  week  has  been  hot 
and  dry.  The  thermometer  has  a^reraged  35,  the  highest  being 
90  and  the  lowest  73. 

■  Columbus,  Georgia. — It  was  showery  here  one  day  the  past  week. 
The  thermometer  has  averaged  80,  the  highest  being  94  and  the 
lowest  64. 

Savannah,  Georgia. — The  weather  during  the  week  has  been 
warm  and  dry,  the  thermometer  ranging  between  69  and  95, 
averaging  ?0. 

Augusta,  Georgia. — The  weather  the  past  week  has  been  warm 
and  dry.  Picking  is  progressing,  and  the  crop  is  being  sent  for- 
ward freely.     Average  thermom"ter  83. 

Charleston,  South  Carolina. — Telegram  not  received.' 
The  following  statemeilt  We  have  also  received  by  telegraph 
showing  the  height  of  the  rivers  at  the  points  named  at  3  o'clock 
this  afternoon  (Friday,  Sept.  10).      We  give  last  year's  figures 
(Friday,  Sept.  11, 1874)  for  comparison  : 

^Sept.  lt),'75^    ^Sept.  Il,'r4.^ 
Feet.       "     '  ~ 

New  Orleans. .Below  htgh-water  mark 5 

Memphis AbovePow-water  mark 10 

Nashville. ....  Above  low-water  mark 1 

Shreveport..  ..Above  low-watermark 16 


.Above  low-water  mark. 


28 


Inch. 

Feet.        Inch 

10 

13            11 

1 

8              1 

9 

3              0 

0 

Missing. 

4 

10              7 

Vickaburg 

New  Orleans  reported  below  high-water  mark  of  1871  until 
Sept.  9,  1874,  when  the  zero  of  gauge  was  changed  to  high-water 
mark  of  April  15  and  16,  1874,  which  is  O-lOths  of  a  foot  above 
1871,  or  16  feet  above  low- water  mark  at  that  point. 

Crop  Reports  of  the  Cotton  Exchanges  fob  August. — 
We  give  below  all  the  Cotton  Exchange  crop  reports  lor  August 
which  we  have  not  before  published : 
i^aestions. 

First  Question.— What  has  been  the  character  of  the  weather  since 
Jnly  15th? 

Second  Question. — Is  the  cotton  fralting  well,  retaining  its  sqaares 
and  bolls  ? 

Third  Question.— What  is  now  the  condition  of  the  Crop  In  your 
section,  and  how  docs  It  compare  with  last  yeir  ? 

Fourth  Questlou.— Has  picking  commenced  In  your  section  f  If  not, 
when  will  it  become  general  T 

Firth  Question. -State  any  favorable  or  unfavorable  circumstances 
not  covered  by  foregoing  questions. 

Galveston  Department. 

This  report  covers  the  State  qf  Texas,  and  was  prepared  and  Issued  by  the 
Galveston  Cotton  Exchange,  through  their  Committee  on  Information  and 
Statistics,  composed  of  J.  B.  Braman,  Chairman,  J.  S.  Grlnnan,  Thoo.  O. 
Vogel,  H.  Batjer,  H.  I.  Anderson. 

Texas. — These  answers  are  condensed  from  107  replies  received 
from  65  counties,  and  are  based  upon  mail  accounts  ending  the 
20th  of  August. 

Answer  to  First  Questiok.— 50  replies  report  the  weather  favorable,  8  very 
favorable,  49  unfavorable. 

Answeb  to  Second  Question.— 71  report  the  plant  fruiting  well,  and 
retaining  its  sc^uares  and  bolls ;  6  report  it  fruiting  moderately  well,  while  30 
say  it  is  not  fruiting  well  and  in  many  instances  it  is  shedding  rapidly. 

Answer  to  Tuird  Question.— 69  report  the  condition  good,  25  poor,  1  fair, 
6  about  the  same  as  last  year. 

In  comparison  with  the  condition  at  same  time  last  year,  62  replies  reportit 
better ;  2S  not  as  good,  and  17  about  the  same. 

Answer  to  Fourth  Question.- 69  replies  say  that  picking  has  already 
commenced  ;  30  that  it  has  not  yet  commenced,  but  will  become  general  about 
let  September;  and  8  that  it  will  become  general  between  loth  September  and 
1st  October. 

Answer  to  Fifth  Question.- Several  of  our  correspondents  complain  of 
too  much  rain  ;  others  of  too  much  drought.  From  Leon  County  we  have 
report  ot  some  slight  damage  by  overflow,  but,  on  the  whole,  the  condition 
and  prospect  ia  wach  better  tbas  last  year, 


Beptemler  11, 1875  ] 


THE  CHRONIdE 


267 


!Kew  Orieam  Depuiarat. 

JU^jmt^tmmmJ/t^mtn  at  the  Stttli  of  jAm-'  ,    orlionM  to 

OtBfWtBBrVrWaWm  C3PM  Exchaiit:c«;  ti>«  /  ZrOuMona 

ApiAt^B  ff^^tmf.  loath  ot  Iht  .Vrlu>n«-'  >  u'  rupoct  !■  pre- 

pKnia  ainfaH^Wthe  New  OrlHnt  Coitu:  itjugh  Uwlr  Com- 

mltle*  oail^AnHl^xnd  Sutltuo*.  compivt  <  Wkiii,  ClialmuiD, 

*  T.  ranafQTwm.  A.  Gwyn,  E.  C.  Caminick,  a->i .. >.. ..  ilorpbr,  aod  W.  C. 
8iiamoot«  Jr. 

LoaisUn*.— Tbe  followiog  is  condeoMd  from  08  letters  re- 
eeived  frotn  33  pariitiM,  aod'their  areraiTB  date  is  August  20: 

PUat  wu  well  (hilteU  prior  to  the  hcavv  rainf  and  wiudt  which  were  inlte 
C«acral  botwaea  the  Ut  and  liOth  alL,  caasin^  much  eheiMing  and  compUlnta 
artall*roMi1^^  Tke  Rvoeral  codtllon  of  the  crop,  howertrr.  It  belter  than 
UtMrnm,  Md  riiaald  tkai*  b«  k  ceuaUoa  of  caln,  will  rarr  materUll;  Im- 
proTe. 

Pleklnc  1b  a  few  •ectlona  bad  eommeoceda  bat  will  lot  bccoma  gcnanl 
b«r«a  tit  Saptcabw. 

Mississippi. — Condensed  from  110  lepUes  reeeired  from  39 
eanniiea.     Averm^s  date,  Aapwt  30  : 

n*  weather  t«  repgrtad  as  beioc  altogather  too  wal,  and  considaimbia  daak- 
■«■  rraa  ataaddlac  of  foraa  and  Solla  >•  coulalned<r.  The  cenanl  eoadl- 
tloa.  howerar,  U  rapreaaatad  aa  belter  thaalaat  rear.  Soaa complalnta  of 
nutaad  tot,  bat  the  abaaoea  of  worm*  l<  aodead  by  oar  eorraapondentt. 
Owiac  p»  oonUaaed  ralae.  ptddnc  had  cot  niiiiai  ml,  azreM  la  a  few 
laolatad  aaaea,  at  data  a(  SiKh  olL,  bat  ii  will  bo  gaBaial  la  tha  Int  w^ak  o( 
>«Ha«ab«r. 

Arlumsn.— Thirty^  nine  reports  recelvad  from  33  eoantles  : 

Tha  waatbar  ataea  ISih  Juir,  thenffh  wet.  It  (taerallj  raoortad  aa  faror- 
able.  IhaplaM  waa  oa  the  «ho!a  tnWag  i^aarkablj  waO.  aadralalninc 
tu  tqaaxaa-aM  MK  »»m»  eorraapondeuta  raport  it  orartrardeaad  wlib 
boi)i,«MMaMM»  atile  tbai  tha  r<In<  hare  occaaloncd  a  llttla  akaMlBf. 
Tha  prraaat  euaJllHHi  la  p«t  down  aa  (ood  ami  aach  better  than  at  lb*  oma 
UiMlaat7<ar.  Plcklcf^  vlih  a  few  escepiioa^  bad  not  ooaiaMaeod  oa  the 
Wlk  Aocaet,  aad  waa  aot  azpactad  to  bi-coarpgtaca]  before  the  inh  latt. 
Froa  Cblcot  aa4  Daaha  eaaauaa  we  hare  accoMb  of  oiaeh  dsmace  dose  bjr 
thafaeaat  >>*er#awi:  la  aaweral  oibera  rat  hv  iwde  tt<  ippaanaca,  thooo 
ao  tctoal  lejary  la  yet  raported.  whHet  In  iiijB'»lbii»  the  proapeets  an  t« 
dowa  aa  beUar  thaa  kaowa  for  maay  jeari. 

CiMrlesto*  DepartiJNBl. 

TUi  raport  eovafa  tha  ffotf  y  Swa  CinllnajSntWV*^  *><  laanad  br 
tNaOhaHaBCoeOsUoBBEdBBfethmgb  th-irOMHtaaoalaformatlon  and 
■«attatka,  coaMoaaA  at  Mm.  ».  Mardock,  Ckalnna,  Wm.  J.  MeCormaek,  L. 
i.  Walkar.  J^  Thonpaoa.  W.  K.  Slaadoaa. 

SMtk  Canllua— OiMdaMMl  from  IM  npUw  raeaived  from  30 
eoaaiiea. 

The  aiaihir  thiaaahottfca  Blala  bu  baaa  *vr  hoi  aad  dry  daring  tha 
htlarhalfolJalf.awllaMaynaMoaiaaiauaalbalOibtothaMlhof  AMaal. 
oUwe  which  tlaw  vet  wmSarbaa  faaralled  with  haary  ralaa,  blgh  wtaW  oal 
aaat  nlgritta  la  cartaia  aaas&iBa. 

The  bUnc  waa  rralllnc  well  sad  Tary  prom lali^  bat  Uhaacrma  dtaacbl  M- 
lowed  by  wet  i^sifci  r  baa  —led  is  to  »h>d  forg  yeaad  boMa,  aMIa  aaaa 
eaaaa  aroe  toaraa,  aaittasUtiy  la  Iba  middle  iidHBailiiaailaa. 

Tbarwiltlaaaflbageecoatlaaaariod  lalbtmaii  aactloa  of  thaStaU. 
ba  •  baa  ksa jiMkialwai  lawr  «nra,  aapedaVpSKr  «ka  aoaat. 

Ooapanri^.lMriear,  Iba  wboU  8uu  by  •«■■«§  sbowa  a  tOUag  off  la 
proepecllre  yl«M  of  ISV  pet  eaat.  ^^^  ' 

Picking  hts  coaaaacad  la  ""  «— »  n^^^^^  g,^  i.^-  y-^i  bistiisi  bj 
tha  droa^t  tad  r«n.  It  «tn  ba  ceaaral  aliiiiltht  lib  In  Ifth  nepteiahei. 
uant  n-mr  tha  noaataloa.  whara  It  1<  ua  la  lliaea  daya  Ittar.  Raal  la 
npcrted  la  twahra  ceastlea,  aad  la  apraodla/  roftdly. 

Bo  if  BAT  8BiPiiBim/—AeeoRtiajr  to  ouaafele  dispatch  reeelTod 
i»d«7.  there  hhTe  been  bo  bale*  •M|p«d  from  Bombay  to 
araat  Britain  the  past  week  aiid  3,000  balaa  to  the  CoDtiaeu, 
while  the  ra«eipta  at  Bombay  dariog  the  eame  time  ban*  boea 
8.000  bales.  The«OTem*Btsiaeetbe  let  of  January  Is  aa  followi. 
Thaae  are  the  flicarea  of  W.  Nieol  ft  Co.,  of  Bombay,  aad  are 
broafht  down  to  Thuraday.Sapt.  0: 

■  JbllBiii^  ihia  woak^  ^4MlpMalsateat  Jaa.  I-« , — Bacalpta — . 

Krom  the  tntrsr^tug  it  woold  appear  ttftt  eompared  with  laM 
raar  tbero  is  a  d-er*m%t  of  4,000  bale*  tkli  year  la  the  week's 
ahlpiDoata  from  Bombay  to  Eaiope,  and  thai  the  t«Ml  BMevBMW 
slaea  Jaoaary  1  shows  aa  inartoM  la  abipmeDta  afMjBQO  baiaa 
compared  with  the  correapondlDg  period  olISi'l. 

The  complalota  from  droaght  come  from  the  important  district 
of  RatOawar.  la  which  the  Dbollorah  cotton  ia  grown,  bat  in  other 
quarters  crop  prospect*  are  layorable. 

''"  •^y-:    !■  )i50.  4r.— The  market  for  bagging  has 

n'-- 1  rn'h-r  ;  few  larg«  sales  reported.     Salea  tbo  past 

week  »l  Ji«A  ..,..  *iid  Bo*too  acoregat*  abeat  3,000  rolls  st 
UMU40..  OBsh  M«  tlBM.  We  note  ■•••  ioqalrtea  from  the 
Booth,  aad  a  bettor  damaad  t*  aotlcipal*^  with  higher  prices, 
thorl!y.  Bags  are  quiet,  and  pr<c*s  areqaolad  at  18c.  Bales  are 
dnil  and  nominal  at  13fc.  fnr  Borneo  ,  India,  0|$)IOc.  Butu  bare 
baea  In  fair  reqaaat  for  aaaall  lot*,  and  we  Bota  saie*  of  000  bale* 
at  31c.  gold,  la  boatf.  MO  bala*  at  2{«.,  eafneey.  aad  aome  S/MU 
bale*  sold  at  prirala  t«rms — supposed  to  be  at  S|e.,  caak,  oa 
deck— the  market  doaiog  steady  at  2i'38c. 

VitTBLB  8trr«,T  orCoTToir  asMaob  ofbtCablb  AiroTgLK 
•*AWI.— Below  we  give  our  Ubie  of  ridbl*  supply,  aa  made  up 
by  sabie  aad  ulegntnb  to^iffbt.  The  eoatiaeaul  stocks  are  tl.e 
fiirarea  of  laatSalarday,  bat  the  total*  torOreat  Britain  aad  tha 
afloat  for  the  Contlaaotar*  this  week's  retaros,  and  coaseqaeotly 
lyroarht  down  to  Thursday  erenlnff ;  hence  to  make  tb*-  touls  the 
•emplete  Bgare*  for  to-night  (Sept.  10,.  we  add  the  Item  of 
mom  from  th*  Uattad  ftalaa,  UalB4liig  la  it  the  exports  of 

ura.  VM.  vsti. 

flUKkat  Uvafvool 7SMM  Ml.OOO  7Mi,000 

■iBCt  at  Loadoa H.gM  111,000  MJ90 

Total  OraatBrlUUslosk M*4M  ttlOOO  09;!» 

BioakatBafr* ItUxn  tmiao  UMM 

Stock  uMaiaalDas *,m»  ujta»  i^^gg 

•taakataMssloaa 7a.(n0  MM  lb.000 

IMBMwk ,.„„ tfiM  ^W  M,000 


in4. 

44.SOO 

ss.aso 
n,7&o 

10,500 
35,000 

436,506 


urn. 
4«;o6« 

9S.750 

n.Doo 

17,000 
67,000 

480.100 


1875. 

anxik  at  Bremen (4,600 

Stock  at  Amaterdam .•.-..■      47,000 

Stock  at  Rotterdam 9,750 

Stock  at  Antwerp 4,000 

Stock  at  other  continental  potti 11,000 

Total  continental  ports 886,1100 

Total  Enropean  atocks l,ttS,500 

India  cotton  ad  lat  for  Karope 8H,000 

American  cotton  afloat  for  Europe  IIMUM 

^C7Pl.  Brazil,  *c.,  afloat  for  Europe V)Ma 

Stock  In  Cnltad  SUtea  port4 70,659 

Stock  tn  United  Statea  Interior  porU  ...  8,648 

United  Sutaa  ezporta  to  day „ 

Total  Tielble  rapply boles.  1.785,797  1,95J,518  1,S60.09» 

Of  the  aboTe,  the  totals  or  Amaneon  and  other  deicrlpUons  are  aa  fol- 
lows: 


1,438.500 

l,417,tS0 

830,000 

190,600 

»7,000 

M,000 

44.000 

40.000 

9S,SSt 

(5,9M 

18,457 

9.874 

1,000 

Urarpool  a»ock aH,000 

Oeatlaental  atocks 188,000 

Aoierleaa  adoat  to  laropa tS.OOO 

Unllad  Statea  atoek 70,«H 

Ualtad  ttatas  Interior  stocks 8.638 

United  Sutaa  rzpo< ta  to-day .... 

Total  Amectcsa bolasu  6M.t9f 

UsdMiaa,  BrvsU,  <te.- 

Urarpool  stock 837.000 

lead  mi  stock st.ooo 

Odattaaatal  stoeks. 101.500 

tBdUoSoat  for  laropa ...  835.000 

■opt,  Braall.  *C  afloat  „  „  90,000 


814.000 

tST.OSO 

M3.0OO 

1*9,000 

87,000 

88,00« 

9),9«1 

•3;9H 

1S.4S7 

9,m 

1,DOO 

t93.»18 

568,848 

627.000 

471,000 

111,003 

aot.tn 

StSJOO 

S31,000 

810.000 

190,600 

44.000 

40.000 

1.8SS.S00 

l.t91,750 

898.018 

688,844 

Total  risible  sapply holaa.  1,785.7*1  1.9U.618  UMt^ttt 

Price  MIddHag  UpUado.  Llnrpool 7d.  t}i^ii.  9d. 

T^aa*  Bgare*  Indicate  a  dtcrtt*  in  the  oolton  in  siifht  to- 
aMit,  of  187,731  bales  as  eompared  with  the  same  date  of  1874, 
aad  a  tfsersa**  of  94,333  bales  as  oompared  with  the  oorrespond. 
iag  data  of  187S. 

MorawBim  or  cottoh  attrb  itrrsRion  Pours.— Below  we 
gireth*  moremenu  of  cotton  at  the  interior  porta— receipt*  and 
•btpmaa**  lor  the  week,  and  stock  to-night,  and  for  the  oorre- 
•peodlBg  week  of  1874  : 

.-Weak  aadincSapt.  10.  "TS-.  r-Week  ending  Sept.  II, '74.-« 
Racatpu.  Shlpneats. Stock.  Beeelpta. Shtpmenu. Stock. 


Aognsts... 
Cblaabos. 


1,010 


411 


Monifomsfy. 


MaapUa 

XasBTUIe 4* 

Tout,  old. 8.813 

Sbestapoit 868 

Atlaala. 78 

SLLoata. *I 

nadaaad as 

Total,  aew.....  aas 


989 

1,007 

716 

879 

4,144 

98 

714 

811 

848 

806 

lis 

874 

«M 

814 

i.-no 

i,aM 

tot* 

•88 

741 

8J« 

i,m» 

878 

ISS 

SIS 

1,008 

400 

8,448 

1,877 

.   1,718 

8.01* 

S4 

1.970 

417 

841 

8,111 

4,717 

8,6M 

6,446 

4.T»<1 

IMST 

180 

tn 

tn 

40 

47« 

a 

88* 

86 

Z7 

419 

95 

118 

819 

77* 

1.H1 

418 

BS7 

185 

681 

8,400 

770 


1,4a 


814 


1,510 


•,8U 


Total,  alt 6.»tt  ^6^         UyHl  6,M0  8,U8         87,081 

Tb*  ab'> ra  lotmis  show  that  theoid  Interior  stock*  hsTe  {n«r«<M«4 
Itring  th*  w..rk  508  bale*,  and  are  to-niffht  0,819  bala*  ^jis 
thaa  at  the  same  perioit  last  year.  Tlie  receipt*  hare  been  181 
bale*  Uu  tbaa  the  same  week  Ia*t  year. 

The  export*  of  cotton  from  New  York,  thi*  week  (how  sn 
iaersaa*.  a*  eompared  with  last  week,  the  total  reaching  1,478 
bale*,  aifainat  74.3  bale*  laat  we«k.  Below  we  glre  our  uvual 
table  showing  th*  etport*  of  cotton  from  New  York,  and  thdr 
liraetlon  for  each  of  the  last  fonr  weeks  ;  also  the  total  exports 
and  direction  since  tiept.  1,1875;  and  la  the  last  column  the 
total  for  the  latne  period  of  the  oreTioaa  year. 
■ky«rte»*'Ot8aa(»al*a)f»o—Waw  Yoric  alne*Bept.I,  181S 


""" 

WSBK 

nron* 

Total 

to 
dote. 

tttf 

Same 
period 

BUOarBA  TO 

Ang. 
18: 

^Jf 

^a?*- 

Sa^t. 

year. 

Urerpool      

l.«0 

1,805 

44 

1,809 

11,710 

Other  Britlah  Ports 

Havre 

1.980 
1.881 

1,805 

in 

44 

1,«» 
19 

1,8a 

19 

11,710 

1 

Otha  rraacb  pert* 

1*Mi  prenck 

1,691 

"48 
900 

4W 
4M 

MO 
*N 

11 

ieo 
lao 

» 

'iio 

1 

Braaesand  Haaorar 

Haasbarc 

otha»5h*..::..""."..;- 

Tatalt*ir.  Karaya. 

Se^OportoftQlbroltarAc 

160 

TatiU  •*»!■,  *e. 

.... 

.... 

.... 

*,** 

.... 

.... 

Oraad  TotAl 

6.019 

».*» 

743 

1.47R 

s.nn 

1'  '^11 

268 


THE  CHRONICLK 


LSeptamber  11,1875. 


The  following  are  the  receipts  of  ootton  at  New  York,  Boston' 
Philadelphia  and  B&Uimore  for  the  last  week,  and  since  SeDt.1,'75  : 


nw  TOBK. 

BOSTON. 

PHII.ADBU>'I1 

BALTmORS. 

This 
weelf. 

Since 
Sept  1. 

This 
weel(. 

Since 
Septl. 

This 
week. 

"71 

Since 
Septl. 

■'■ii 

This 
week. 

Since 
Septl. 

New  Orleans.. 

8S2 

1,891 

446 

■■« 

SIS 

9 

14« 

1,842 

1,891 

533 

"ii 

338 
16 
171 

'119 
86 

iii 

36 

1S5 
1,821 

m 

'  55 

... 

SsTannali 

MobUe 

Florida 

S'tb  Carolina 
N'tb  Carolina. 

Virginia 

North'rn  Porte 
Tennessee,  Ac 
Foreign 

177 
'66 

Total  this  rear 

3,098 

4,4*7 

155 

71 
801 

71 
801 

88S 

isi 

Total  last  year 

5,590 

7,»11 

1.8S1 

154 

154 

Fbidat.— Oct— Nov.  shipment  from  Sav.  or  Chas.,  Low  Hid.  danae,  new 

crop,  by  steamer,  if  required,  6  18-16d. 
Kov.— Dec.  shipment  from  Sbt.  or  Chas.,  Iiow  Utd.  claase,  new  crop, 

6  18-16d. 
Dec— Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  claase,  new  crop,  by 

sail,  if  required,  6y,d. 
Not. — Dec.  shipment  from  Sav.  or  Chas.,  Low  Mid.  claase,  new  crop, 

6fid. 
Dec-  Jan.  shipment  from  Sav.  or  Chas.,  Low  Hid.  claase,  new  crop,  by 

sail.  If  requU-ed,  6  15-I6d. 
Sept.  delivery  from  Sav.  or  Chts.,  Low  Mid.  clause,  new  crop,  6  13-16d. 
Sept.— Oct.  delivery  from  Sav.  or  Chas.,   Low  Mid.   clause,  new  crop, 

6  IS-ied. 

BaROPBAN  Cotton  Makkbts. — In  reference  to  these  markets 
our  corregpoadent  in  jjondon.  writinuT  under  the  date  of  Aug. 
28.  1875,  states : 

LiVBBPOOL,  Aug.  28.—  The  following  are  the  prices  of  middling 
(^aalities  of  uottoa ,  uoiupared  with  thoae  ollast  year: 

^Palr  &  -Good  &  ^Same  date  1874- 

^Ord.&Mid-,     gMfalr-,  KIne.-s      Mid.  Pair.  Good. 

aealsland 16         18          19       UO  ii       34       19       H       36 

Florida  do  15         16          17       18  30                   17       18       20 


BaiPPiNG  Nbwb. — The  exports  ol  cotton  trom  the  United  States 
the  past  week,  as  per  latest  mail  returns,  have  reached  5,091 
bales.  8o  far  as  the  Southern  ports  are  concerned,  these  are  the 
same  eznorts  reported  by  telegraph, and  published  in  TheOhbon. 
ICLB  last  Friday,eicept  Galveston,  and  the  figures  for  that  port 
are  the  exports  for  two  weeks  back.  With  regard  to  New  York, 
we  include  the  manifests  of  all  vessels  cleared  up  to  Wednesday 
night  of  this  week.  Total  bales. 

Niw  ToRK— To  Liverpool,  per  steamers  Memnon,  645 Republic,  4 

England,  S5  ...Montana,  486 City  of  Bichmond,  199 per 

ship  IvttDhoe,  160 1,309 

To  Havre,  per  steamer  Vllle  de  Paris,  19  Sea  Island 19 

To  Hamburg,  per  steamer  Klopstoik,  150 !60 

Nkw  Orleans- To  Liverpool,  per  bark  Truce,  2,895 2,395 

To  Genoa,  per  bark  Atle,  863 868 

To  Vera  Craz,  per  steamer  City  of  Merida,  355.      355 

Total 5,091 

'I'he  :>trticuiar8<it  tiiose  ship. ueais, arranged  in  our  usual  form 
are  as  follows: 

Liverpool.  Havre.  Hamburg.  Genoa.  Vera  Cruz.  Total. 

New  York 1,309  19  150         1,478 

New  Orleans 3.895  863  355  3,613 

Total ■ 8,704  19  160  863  355  5,091 

Below  we  give  all  news  received  to  date  of  disasters,  &c.,  to 
vessels  carrying  cotton  from  United  States  ports  : 

HiBKBNiAN  Btr.  (Br).  Archer,  from  Baltimore  for  Liverpool,  at  Halifax,  Sept.  5, 
was  in  collision  with  a  schooner  otf  Cape  Henrv,  and  had  rail  damaged. 
The  schooner  lost  tjowsprlt.  (The  latter  is  supposed  to  have  been  at 
anchor  off  York  Spit  4th.) 

Cotton  freights  the  past  week  have  been  as  follows  : 


Ord.     Q.Ord.  L.Mid.      Mid.     G.Mid.   Mid.F. 
Opland..  6)4         6X  6  15-16    7  8-16      7  7-16    7^ 

MobUe..  6>J         6>f  6  15-16    7  8-16      7X         7X 

Texas...  oM         B.ii  6  15-16    7  8-16      7  7-16    ~H 

N.Orl'ns.  6H         6J(  7  3-16     7«  8  bX 

Since   ttie  commencement  ol    the   year  the 
Bpucalation  and  for  export  have  been 


Mid.  G.Mid.  M.P. 
8«  SH  SH 
8  8-16    BH         8V 


8  5-16    Sii 
transactions 


9X 
on 


-Taken  on  spec,  to  this  date—, 


'-Actnalexp.from        Actual 

Liv.,  Hull  k  other  ezp'tfrom 

outports  to  date-^        U.K.  In 


1875. 

1874. 

1873. 

1875. 

1874. 

1874. 

bales. 

bales. 

bales. 

bales. 

bales. 

bales. 

American 

...ni,4S0 

157,240 

133,150 

81»,ia5 

77.06!) 

105,130 

Srazllian 

...     5,330 

)8.40O 

5.990 

21.996 

18,S15 

89,960 

aL'yptian. 
W.  India, 

&c.  11,830 

13.430 

8,780 

5,064 

7.B40 

12,470 

&c.     1,770 

2,440 

1.100 

12,898 

7.8)9 

26,000 

B.  India 

&c.  65,090 

55,8.JO 

48.330 

145,528 

189,168 

501,000 

Totul.         ..  .25'),450  347,340         187,190         2)4,671  300,531  883,680 

The  following  statement  shows  the  sales  and  imports  ot  cotton 
tor  the  week  and  year,  and  also  the  stocks  on  hand,  on  Thurfdiy 
evrining  last: 

SALES,  ETC,  or  ALL  DB80RIPTIONS. 

. Sales  this  week ,  Total  Same 

Ex-  Specula-                 this  period 

port     tlon.   Total.       year.  1874. 

'  '"■      4,460      4S,%0  1,190.990  1,885,790 

11.640  318,660  2B2,940 

60        4.850  16U.9:iO  19.),400 

(        50         1,520  S,180l     ,  ,„„ 

■■•■    ■)    2,210       60.600  52,540  f    '^'*^ 

1,120       19,010  581,700  647,570    11,370 


Trade. 
Aiuedcan . .  bales  .37,770 

Brazilian 8,640 

Bgyptian 4,860 

Smyrna  &  Greek  I »  i^n 
VVost. Indian....  )■''"" 
Bast  Indian 12,930 


Average 

weekly  sales 

1875.      1874 


3.:  70 

3,000 

120 


32,580 

8,780 
5,080 


70 
5,670 


85,840 
7,420 
5,540 

1,040 

11,150 


Saturday. . . 

Monday 

Tuesday... 
Wednesday 
Thursday,. 
Friday.  ... 


Steam, 
d. 

..©«• 

■  MX 
..©!< 
..&H 

■  MH 


-Liverpool.- 


Sail. 
d. 
..@5-32 
.®i-32 
..@5-32 
..@i-3i 
..©5-32 

..(a-v.sa 


11-16 
11-16 
11-16 
11-16 
11-16 
11-16 


/ Bremen.- 

Steam.      Sail, 
c.  c. 

Xcomp. 
Xcomp. 
>^comp. 
J«comp. 
Xcomp. 
>iconip. 


Hcomp. 
Jicomp. 
^comp. 
>^comp. 
JJcomp. 
^comp. 


Liverpool,  Sept.  10.— 4  P.  M.— Bt  Cable  prom  Liver- 
pool.— The  market  has  ruled  dull  today.  Sales  of  the  day 
were  10,000  bales,  of  which  3,000  bales  were  for  export  and 
speculation.  Of  to-day'a  sales  5,000  bales  were  American.  The 
weekly  movement  is  given  as  follows  : 

Aug.  20.  Aug.  27.  Sept  8.  Sept  10. 

Bales  of  the  week ...bales.    69,000  82,000  64,000  63,000 

Forwarded 2.000  2,000  .3,000  2,000 

of  which  exporters  took 10,000  12,000  9.000  11,000 

of  which  speculators  took 3,0110  6,000  5,000  3,000 

Total  stock 887,000  875,000  828,000  785.000 

of  which -imerican 495.000  460,000  426.000  398,000 

Total  import  of  the  week 2.3,000  67,000  22,000  21,000 

of  which  American ..      7,000  8,000  385  2,000 

Actual  export        ,       ..     14,000  13,000  17,000  13,000 

Amouutalloat 358,000  312,000  291.000  304,000 

of  which  American 14.000  9.000  14,000  14,000 

The  following  table  will  show  the  daily  closing  prices  of  cotton  for  the  week: 


Total 63,330   11,930     5,846     81,750  2,814,400  2,581,400  59,230  60,490 


-Imports.- 


American... . 
Brazilian  .  . . 
Bgyptian 
Smyrna  &  Gr' 
W.  Indian  ... 
East  Indian.. 

Total 


This 
week. 

8,003  1, 

583 

6,072 
63,107 


To  this  To  this 

date        date 

1875.         1874. 

38l,6t5  1,475,550 

321.200     368.119 


161.567 

2.3S1 

45,011 

5('5,441 


182,708 

2,061 

60,721 

550.775 


Total. 

1874. 

1,949,039 

494,010 

297,134 

2,638 

97,788 

S13,(>53 


This 

day. 

460,300 

84,140 

51,410 

1,900 

7,610 

363,830 


-Stocks. 

Same 
date     Dec.  31. 


1874, 
343.410 
159,770 

65,830 
1,350  1 

31,400  ( 
268.430 


1874. 

274,780 

85.520 

78,660 

33,480 

280,370 


66,770  3,477,245  3,629,934       8,658,673     874.990     870.080    684.710 


Tues.       Wedncs.     Thnrs. 
..@7  1-16  ..&^  1-16  ..®7 

■  ■&^X      .-mH      ..®7« 


Frl. 
..@7 


Spot.  Satur.      Mon. 

Mld'g  Uplands.  @7  1-16  .  .@7  1-16 
do    Orleans..  @7Ji        ■.&J}i 
Ftitures. 
Satordat.— Nov.— Dec     shipment  from    Sav.  or   Chas.,  Low  Mid.  clause, 
by  sailing  vessel,  if  required,  7  I-16d. 
Sept.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  15-16d. 
Mondat. — Sept.  delivery  from  Sav.  or  Chas.,  6  15-16d. 

Sept.  deliveiy  from  Sav.  or  Chua.,  Low  Mid.  clause,  6  1516d. 
Oct.— Nov.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  7  l-16d. 
Nov. — Dec.  shipment  (roin  Sav.  or  Chas.,  Low  Mid.  clause,  7  l-:6d. 
Sept— Oct  shipment  from  Sav.   or  Chas.,  new  crop.  Low  Mid.  claase, 

by  steamer  when  required,  7  l-16d. 
Nov.  —Dec.  shipment  from  Sav.  or  Chas.,  new  crop.  Low  Mid.  clause, 
7  l-16d. 
TmSBDAT.— Jan.— Feb.  delivery  from  Sav.  or  Cha*.,  Low  Mid.  claase,  new  crop, 
7  l-16d. 
Sept.— Oct  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  15-16d. 
Oct.— Nov.  shipment  from  Sav.  or  Chas.,  I<ow  Mid.  clause,  7d. 
Oct.— Nov.  shipment  from  Sav.  or  C3ias.,  Low  Mid.  clause,  new  crop, 

by  sailing  vessel,  if  required.  7  M8d. 
Jan.— Feb.  shipments  from  Sav.  or  Chas.,  Low  Mid.  clause,  new  crop, 
lay  sailing  vessel,  if  required,  7  l-16d. 
Wbdnkbdat.— Sept  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6Jid. 

Nov. — Dec.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  new  crop,  7d. 
Nov.— Dec.  shlDment  from  Sav.  or  Clias.,  Low  Mid.  clause,  new  crop,  by 

sailing  vessel,  if  required,  7(i, 
Dec.— Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  new  crop.  Id. 
TmDRSDAT  — Sept.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6J<d. 

Dec. — Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  new  crop,  by 

sailing  vessel,  if  required,  7d. 
Sept.  delivery  fri>m  Sav.  or  Chas.,  Low  Mid.  clause,    (13-16d. 
Jan.— Feb.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  new  crop, 

6  15-16d. 
Nov.— Dec.  shipment  from  Sav.  or  Chas,  Low  Mid.  danse,  new  crop,  by 
sailing  vessel,  If  required,  6 16-16d. 


BRE  ADSTU  FFS. 

Friday.  P.  M..  September  10,  1875 
The  flour  market  has  continued  to  show  much  irregularity  in 
prices.  Flours  from  old  wheat  are  becoming  scarce,  and  very 
firmly  held,  bringing  in  some  cases  a  slight  advance.  Damage 
by  recent  storms  in  Minnesota  is  said  to  have  been  very  great, 
and  "patents"  from  that  State  have  been  held  at  25(a50c  advance 
over  late  prices.  The  shipping  business  has  been  moderate, 
because  buyers  and  sellers  have  been  apart.  Flours  from  new 
wheat  are  in  larger  supply  and  have  sold  at  irregular  and  drooping 
prices.  To-day,  prices  were  lower  for  shipping  extras,  the  saleB 
including  2,000  bbls.  at  $5  70@5  80. 

The  wheat  market  has  exhibited  much  dulness  and  depres 
siou,  with  only  moderate  offerings.  The  receipts  by  canal,  which 
were  last  week  swollen  by  the  quantity  detained  beyond  the 
break,  have  materially  fallen  oflF.  But  much  of  the  wheat  has 
been  out  of  condition,  and  thus  receivers  have  been  anxious  to 
sell,  and  have  found  themselves  under  the  necessity  of  doing  so 
in  the  face  of  dull  foreign  advices  and  exchange  diflScult  to 
negotiate.  No.  3  Spring  has  latterly  sold  at  %\  23@|l  38  for 
fair  to  prime  Chicago,  and  $1  30@|,J.  31  for  prime  Milwaukee,  a 
decline  of  4(350.  from  last  Friday.  New  W  inter  wheat  has  sold 
at  such  a  wide  range  of  prices  that  no  reliable  quotations  can  be 
given.  To-day,  the  market  was  dull  and  heavy,  with  sales  of 
No.  2  Chicago  at  $1  35@|1  27,  and  No,  3  Milwaukee  at  $1  30@ 
|1  30i. 

Indian  corn  declined  quite  as  rapidly  as  wheat,  until  on  Tues. 
day  good  to  prime  steam  and  sail  mixed  sold  at  73(g74c.,  under 
free  receipts  at  the  West.  The  decline  stimulated  the  demand^ 
and  there  was  some  recovery,  with  a  large  business  for  export  and 
home  consumption,  but  little  apparent  confidence  in  the  stability 
of  prices.  To  day,  sudden  cold  at  the  West,  caused  apprehensions 
of  frost,  and  there  was  more  firmness  among  holders,  but  no 
advance  in  prices,  and  the  demand  only  moderate. 
Rye  has  been  unsettled,  with   new  (}ttOt«d  at  85(395c.,  as  in 


September  11>  1875] 


THE  CHRONICLE 


259 


qaality,  inclading  CanuU  in  bond  kt  880Me..  bat  these  fifcure* 
an  nominal. 

Barlej  has  been  without  improTement ;  six-rowed  State  sold 
fur  the  flnt  ten  dajs  ot  October  at  |1  IS,  and  last  half  o<  Septem- 
ber at  $1  20,  and  Barle/  malt  has  been  sold  freely  at  %l  45^1  50, 
CMb,  for  Canadian. 

Oataof  the  new  crop  have  eon  tin  ued  to  be  freely  offered  on 
Mle.  and  priee*  have  farther  declioM  to  45@50c.  for  fair  to  prime 
mixed,  and  50(g55c.  for  (air  to  prime  white,  with  prime  old  No.  3 
Chicago  selling  at  57(35Se.  afloat.  New  No  2  Chica^,  for  October 
delivery,  sold  to  a  moderate  extent  at  48e.  The  new  crop  appears 
to  be  a  large  one,  but  mach  of  it  is  damaged  or  inferior. 


The  following  are  doaing  qaotations : 
JTtova.  I 


Ma.« •bb;.(4 

•vartae  State  *  Wmi- 

•ta 

Extra  Stat«i,  Ac 

Wastara  Bpriof  Wkeai 

•ztru 

doXXaadXXX 

do  wialer  wheat  X  and 

IX  

Clt7  liupploc  •ztr*«. .  .. 
City    trade  and  faaiUj 

brands.  

SaathOTa  bakers'  and  fa- 

■Uyaiaads     

•ztraa. . 


4W 


By  toor.sauiiilst, 
CbtBB«at— Wsetsra.  *< . 
Oora  m«al*-Br'wta«.  *« 

The  movement  la 
lows  : 


UsAia 
Wkeal^RoJiytiag.  bosb.fl  ITO  I  W 


Wo.  I JN*^  • 


B4m1 

Amb«v«e 

WhlM. 
Com 

WhIU 

Yellow   . 

Soait— ,y«llow. 
Rye 
Usts— ] 

Mixed, 

White 
Barley— Wt_ 

Canada  Wast. i 

Bute 1 

1 


1  Mtt  1  s: 
1  »  I  1  « 
■         1  3S 


n 


1  «s 
I3S 

Ti 
B 
TS 

"is 

■■J8 


1  » 
1  « 


breadstafh  at  this  market  haa  been  as  fol- 


. — aauauiaAT  aaw  roaa 

. WIS. .       Btoes 

Fortba    Blaee         Jaa. 
WMk.     Jua.  I.      t.  in«. 
rtear,  bbto.     Ti.4«   UIMM    imjll 
O.  aaal,  ** .       l.fN        SiTn       U 


. asroan  raoa  aaw  tobx. . 

. itn. .  . in*. 

Portts     Since  Porth*      Slace 

weak.    Jaa.l.  weak.     Jan.  1. 

dT.tw  uaun  tun*  i.stijn 

4.MS    mjmt  t.m»     iaB,wi 

m.mtu^mjm  MMMiuat,Ms 

4H.MI  M*i4n  m.4«  »,ii(,«:5 

..     IMAM  ....     9n.«ao 

1)0  1,ODO 

s,ou     m.4m     M90      (i.Mi 


Wheat,  hasLl,tlM<l  IMlltM  «.0«^« 
Oora.    "  .  m.MB  ia,i4M»  mjovn* 

Rye.       **  l.«a       l«,Mi      «njK 

Barley.  -         SajOt    L*«,OM       TW,8H 
Osu  ...~  .    MUM   kONIM    I^TMMI 

The  following  tables  show  the  Qraln  la  sight  and  the  move- 
moot  of  Brnadatallb  to  the  latest  mall  daiss: 
aacairra  4t  lakk  aro  airsa  ports  foa  tib  wbbb  rmoimo 
sBrr.  4.  ISiS.juTD  raoit  jaxxh-hx  X  to  SB*r.  4  : 

Barley,        Rr*. 

bath.        boih. 
(M  IbiL)  (M  llM.  I 

•tUI       «),«« 


Total. 

Pienoa*  weak... ... . 

Onrraa|.'BC  «**h,*T4 

•n. 

1*. 
M 
TO 
Total  Aac.  I  todal*  . 

•aaetlBM  ISM 

im 

I  Mlt. .. 


i,MUTI 
l.««7JM 
I4MJM 
tA 

.    _   •M*.«n     . 

MM>I  IMId-OH  ILMIMI 


IM«; 
iR«l< 
«M«M 

,m 


S.MO 


M.MB       II 
MM      Mt*U> 


1M,M4  M.KM 
MLIH  MMt 
IMtn       MOM 

M,II4 

Hicia 

IMklM 
MM 

M»eu 


4MT» 


SamfxvTB  or  fu>iim  um  Okaih  froM  lake  poru  for  the 
iMt  foor  weeks,  and  froM  Jan.  I  to  Sept.  f,  Ineloaive,  for  (oar 
years: 

noer,  WhM<.       Cora,      Oau,      HartS}.        Ky«, 

WeakaadeA—             HbU  <ta*>i.        kaeb       hash        hash        mak. 

8srt.4,-S... MJII  LMI,*'*    l.(nMN      •M.Mi      «>,«      tLW 

kas.M'M MWi  MM.n4   i.mvMS     MiiMi     MMt     lun 

A^n.ii tt,fm  aiaLam  i4t«.Ta     «k,Tti     mbm     mm* 

Aa(.  I«. ',A MM*    t.riMM    ljaA,M«      IMC«M        t.MT       Itau 

Jaa.llsdato J^tlUM  MMw.M«  «,«H.4<|  HMMM  l^tM*     *aUU 

>mi UKMB  4l.l«,a*  M.«TTM  IMMJM  l.a«JM  I.4M.7M 

I  Itn ti'MMt  ai.i4Mio  ««.<n»,wi  tuwa  iX4.4i»  UH,n* 

I  MM MBWn -••JM.Min.WMIt  HliiMM  MBtJM     tULM* 

■aoum  o9  wu>a%  A«o«K«ia  at  sbaboabs  port*  roR  tub 
wRRB  RHsnra  nor.  4, 1979,  axd  from  jam.  I  to  brpt.  4  : 

noar.     Wheat,        Corn.        Oat«,        Buiay,     Ry«, 
Ai-  bMe.      hash.         hash.       bssk.         hash.    '     ' 

itewTork  n.tr>  i,«m.n7    $n.^a     mi«m       im 

mjm          IJM       MJ1D      Wt,«B  UM 

IJM  ...        IMM 

tMM     mum     MkMB 

.       UMM       TTM*      ■Ik.Mt 

MM*        WkSM      Ml,**        VMO  ....       *,TDD 

rOilaar>  ^4H  l.dM        1«, —  


IMM  MM 

MkMB         Si 
T*.Mt      OMM 


Te«al in.Ht    1,II41MI    I.*n,4M     HM44  AM*      MM 

Pmleaswesfc i4B,nS      MMI*      M7,M4      tMM«  MM       MK 

Om.  va*k14 tnjtH    MMMt       WLSI*      4M«W  l«0      11.100 

TMslJaB.ltodaia»Ma,4Mai.W,tMHinMt7  lUfljei  »M,MTIH,ni 

~      tltaMWM AMIMi  «ll«MJM  HJMMr  laJIM*  WUa  M»,*M 


.•.nMM  4ROT,fii  MJMM*  ttdMtn     n»,wn  mjm 

I  tiae  inn.  .  .  .•,(M,IM  ilMI.IM  StM»M*  IMIUM    IJMMS  dH^IM 

Cm*  VtaisLs    ilaPri.T    or  URaia,    laeludlag  tbs  stoefea  la 

granary  at   n.a  |>riB«ipal    points  'if  aeeaMalatlna  at    lake   aB<l 

snaboard  porta.  In  traaiirit  on  the  lakee.  the  New  Tork  canaU  and 

by  rail,  SepC  4.  187S  . 

Whaal.       I  »ru,  Oaia,       Barkry.        Ry<, 

bash.        bnrth.         bash  bsih.      hii«b. 

la  Mart  at  New  TartI ..  l,M'.m    l.ms.OH      n4,0W  IMS     ll.tl* 

laitereslAnaar    .  .     .  I4,4i«        «I.I1I0        M,MO  ..       t.«W 

laetereatBaMlii IM.MI       wr.5lT        M.rm  m 

la  Mora  at  Chto^o tIt.IlT    iAIT.IM      mt,IM         MMO      MSM 

la  More  at  MUwaakea. SMU        tS.JM        HIM        ll,«M     IM« 

lasMrsMOalaM M4n  


In  store  at  Toledo 80*.ST8  484,415  l'ra.M4 

In  store  at  Detroit .     aaOTM  8.816  lt,4SS 

In  store  at  Osweco 96,000  n,000  <.M0 

lu  store  at  8L  Loola. HtMt  I'.T.tttT  MO.tIO 

In  store  at  Peoria LMl  tBS.IiM  TI.9M 

In  store  Bi  Boelon 101.850  7«,4» 

In  store  at  Toronto 18,<SS           t:.9S6 

In  store  at  Montreal 175.580  It.Wt  t.981 

In  store  at  Philadelphia ;WO.000  S>^000  60.000 

In  store  at  BalUmore 71.937  46S,575  85,000 

Lakeshlposato ...1,418.787  1.717.613  966,839 

RallshlpmenU i4a,l48  8X3.077  553.391 

On  New  Tork  canals 491.896  789,891 

Total 6.459,848  7,684.458  »,1«7,«95 

Aos.  98,  1875 M09,887  T,9».706  1.944.900 

Sept   S,  1814. .._ 8,875,494  8.4Si,t51  1,7!«.604 


a,ooo 


1,796 
669 


10,341 


5JK 
49.177 
t0,855 


1,884 


7,«ll 

6»,MI 

6M 


1,8W 
1,1C0 

tr,ttt 


139.904  187.918 
55,754  148.401 
174,898  101,098 


THE  DRY  G-OODS  TRADE. 

FaiSAT,  P.  M.,  Sept.  10,  1878. 
There  has  been  lees  animation  In  the  package  trade  than  when 
last  reported  upon,  and  Western  jobbers  have  not  been  so  liberal 
in  their  operations,  mainly  on  account  of  the  mild  weather  which 
has  prerailed  and  which  retards  oonsamptioo.  Less  steadiness  is 
also  to  be  observed  In  prices  than  could  be  wished,  and  manufac- 
tursnT  agents  have  made  some  large  sales  of  both  cotton  and 
wooleo  gooda — which  had  nndnly  accnmalated — at  a  material 
oonceaaion  from  previous  holding  rates,  which  has  created  a 
measure  of  distrust  in  the  maintenance  of  other  values,  and  caused 
boyers  to  exercise  increased  care  in  their  selections.  There  was  a 
well  sustained  jobbing  movement,  and  retailers  from  remote  parts 
of  the  country  purchaaed  a  large  aggregate  amount  of  assorted 
mercbaodiae,  while  bnsinaM  with  near-by  sections  eontinaea  light 
and  unimportant.  Beaideat  buyen  of  jobbing  houses  in  the  West, 
South  and  SoothweM  report  business  as  fairly  active  in  the  interior, 
and  on  the  whole  the  prospects  of  the  tall  trade  may  be  regarded 
as  eoeouragiog.'King  Philip  milla — making  bleached  ooltons,  &c. 
— have  commenced  operations  again  alter  being  closed  for  some 
time,  and  other  milla  now  standing  idle  are  ab^iut  opening  a^ain, 
although  present  prices  hold  out  slight  hopes  of  an  adequate  profit 
OB  mannlafltared  goods.  The  market  for  imported  goods  has  been 
motv  active  in  some  departments,  bat  the  movement  is  spasmodic 
and  Irrsgnlar. 

DOMRsnc  COTTOK  QoOM.— There  has  been  a  steady  but  mod- 
erate demand  for  package  lots  of  the  most  swple  fabrics,  and 
pUee  sslsclloas  have  been  laadn  to  a  liberal  amount.  Prices  of 
blown  shsstlngs,  bleached  shirtings  and  grain  bogs  have  been 
soMewhat  Irregular  In  first  hands,  and  some  makes  of  sueli  have 
bssB  elosad  out  by  agents  at  low  figures ;  otherwise,  the  market 
has  beeo  ialrly  steady,  although  strong  on  a  lew  descriptions 
ooly.  Print  cloths  have  been  quiet  at  5|c  for  extry,  and  their 
late  advaadag  tendency  has  been  checked  by  more  favorable 
prospeeta  f»r  ao  sarly  reaumption  of  work  by  the  Fall  River 
milla,  whoaa  opanUives  have  been  on  atrike.  Prints  o(  dark 
Diadder  styles  and  plaids  have  been  In  g<x>d  demand,  but  chocolate 
prints  have  eootlnoed  quiet.  Qlnghams  have  been  very  active. 
aad  tha  sappty  of  sundard  makea  is  unequal  to  the  current 
lisaisuiL  Flaa  brown  and  four-yard  brown  sheetings  were  in 
steady  reqaesi,  and  there  was  more  inquiry  for  7-8  bleached 
ahirtings  and  low  4-4  iroods.  Cotton  flannels  and  cheviots  con- 
llaaod  active  ia  the  bands  of  both  agents  and  jobbers,  and  dyed 
doeks  wers  sold  in  (air  amounts.  Corset  jeans  and  satteens, 
tleklnfs,  dealms,  apron  checks,  and  osnaburtts  wero  severally  la 
moderate  daman  I.  Grain  bags  having  lately  aocumulated  In 
first  hands,  a  few  leadiuij  makrs.  Including  SurK,  MonUup,  Ac., 
have  bsaa  rsdaced  by  the  agents  to  prices  which  have  given  an 
bapetoa  to  the  demand.  Warps,eotloa  batts, and  twines  changed 
hands  in  liberal  amoanis. 

DoMBSTlc  WooLBX  OOODB.— There  has  been  an  irregular 
BtovaaMMXiAoolen  goods  aad  with  the  exception  of  worsted 
coatings,  which  eontinurd  in  steady  demand,  men's  wear  fabrics 
have  ruled  quiet  in  first  bands.  Caaslmeres  were  lightly  dealt  in 
aad  in  quantities  just  sufficient  for  renewal  of  assortments— many 
buyers  doubting  the  malntenancn  of  present  prices  (or  any  length 
of  time,  and  In  fact  one  large  line  of  5-4  fine  goods  baa  already 
been  cloaed  out  at  low  figures.  Overeoatioga  were  distributed  in 
small  parcels  in  execution  of  orders,  but  new  transactions  were 
light.  riotbs,dof«kins,jeaDB  and  satinets  ruled  quiet,  nut  there  was 
more  animation  .n  cloakio^  and  repellents.  Flannels  havn  been 
in  steady  demand  and  sales  have  been  made  to  a  considerable 
aggregate  amount,  but  much  complaint  bas  been  heard  by  mann- 
fastorers  a«  to  the  pri<*<-a  obtained,  which  are  said  to  be  unreman- 
eratlve.  Blankets  were  in  fair  demand,  but  colder  weather  is 
needed  to  give  a  stimulus  to  their  diHtribntion.  Dress  goods 
coatiuued  quite  active  and  are  closely  sold  up  to  receipts,  and 
liaaeya  were  la  better  request.  Shawls,  felt  skirU  and  woolen 
hoalary  were  respectively  in  good  demand. 


260 


THE  CHRONICLE. 


[Se^timbar  11;  1875 


Foreign  Dry  Goods. — There  has  been  a  more  active  demand 
for  black  and  colored  dreag  silks,  and  velvets  and  turquoise  have 
moved  more  freely.  Black  and  colored  cashmeres  and  plaid  dress 
goods  have  been  distributed  in  fair  amounts  by  importers  and 
jobbers,  and  black  mohairs  and  alpacas  were  in  steady  request. 
Woolen  goods  for  men's  wear  remained  dull  and  depressed,  and 
white  eoods  continued  quiet.  Ribbons  were  largely  sold  through 
the  medium  of  the  auction  rooms  (including  the  balance  of  importa. 
tion  of  Messrs.  Ph.  Bchulhoff  &  Co.)  and  desirable  saades  brought 
good  prices,  housekeeping  linens  were  in  steady  request,  bn*, 
shirting  and  fronting  makes,  handkerchiefs,  &c.  remained  quiet. 
Kid  gloves  were  more  active,  but  hosiery  was  only  in  moderate 
demand. 

The  importations  of  dry  goods  at  this  port  for  the  week  ending 
Sapt.  9,  1873.  and  the  corresponding  weeks  of  1874  and  1878 
have  been  as  follows  : 

■HTKBKD  rOB  OOKSUVrTION  rOB  TBI  WBBK  IHDIHG    SEPTZUBEB  9,  1875: 


Br«wa  StaeetlaR*  and  Shlrtluc*. 


Width.  Price. 


. 1873 ,      . 1874 . 

Pkjta.  Value.  PIcea.  Value. 

Manufactures  of  wool 1,705  fiao.OcS  1,863  »6S2,ni  711 

do                cotton..    879  35.j,l6-2  880  273,278  C59 

do                   Bilk 585  417,463  703  54(1,870  488 

do                flax 610  225,718  1,419  1!)0,863  2.197 

UlscellaneoaB  dry  goods.  307  114,768  S28  150.953  1,119 


. 1875 . 

Pktrs.    Value. 

f  323  085 

194,731 


385.533 
145,911 
125,891 


Allendale 8-4 

do      9-4 

do      ....10-4 

do      .  ..11-4 

do      ....l»-4 

AndroBC'ggln.9-4 

do         10-4 

Adriatic 36 

xVeawam  P...  86 
Alabama.  ...  36 

Albion  A 36 

Atlantic  A...  86 
do  p....  36 
do  H.  ..  36 
do  P.  .  87 
do    LL.. 


Appleton  A..  36 


N.. 


Totil..- 4,378  11,740,203      4,873  $1,733,474      6,200  tl,174,711 

WITHDBAWH  TBOK  WABXHOUel  AMD  THHOWH  IHTO  TBB  KABKKT  DDRmS  THE 

SAME  period: 


UaDufacturee  of  wool. . . 
do  cotton, 

do  Bilk.... 

do  flax. 


1,159  $517,385 

3-ffl  114.010 

293  3-32.955 

582  122.!!I2 

Mtsccllaneons  dry  gooda.  1,198  36,599 

Total 3,614  $1,1:3,171 

Addeijt'dfoiconBumpt'n   4,376  1,740,203 

Total  thrown  upon  m'k't . 


1,444 
439 
175 
6S0 
138 


$680,069 

139,141 

168.356 

147,917 

37,307 


2,816  $1,173,090 
4,S!3     1,783,474 


809 
336 
170 
615 
109 

2,039 
5.200 


do 

Augusta  . 

do     a" 
AmoBkeag. 
do 
do 
do       .. 

Boston 

do    

do    

do    

do    

Broadway.  . . . 
Bedford  R. 
Boott  S.... 
do    W.... 
do    FF.. 
Oabot  A..  . 
do    W.  .. 
Continental  C  36 
Conestoga  D .  28 
do         G..  30 
do         S..  83 
do         W.  36 
$766,416           do     AAA  .. 
1,174,711  '  Crescent 36 


$319,783 
96.680 
179,034 
129.769 
41,150 


.33 

36 

..  80 

..  37 

..  86 

..  45 

.     49 

..  60 

..  38 

.    40 

.10-4 

.8-4 

.9-4 


40 
48 
36 
36 

.7-8 


$2,853,374       7,689  $2,956,564       7,239  }1,941,127 


■NTEBEDTOB  WABBHOITSINS  DIIRINa  BADE  FERtOB: 


ManafactareB  of  wool 

do  cotton . . 

do  Bilk 

do  flax 

HlBCellaneons  dry  goods. 


Total 1,767 

Add  ent'd  for  consumpfn  4. 


Total  entered  at  the  port.  6,143  $2,503,713      7,922  $2,366,575      6,.338  $1,619,915 
We  annex  prices  of  a  few  articles  of  domestic  manufacture : 


DwigUtX...    30 


do 
do 
do 
do 
do 


Y.... 

Z.... 

zz... 

star. 
W  .. 


Kieter  A. 


36 
40 
36 
36 
36 


23 
3S 

ZiH 
37X 
30 
32>^ 

"s" 

7X 

7X 
lOX 

9 
10 

8 

7X 
lOX 

'sk 

6X 

m 

15 

19 

lOX 

12 

8S« 

S7X 

30 

8 

7 
10 
18 

'9>i 
9 

9>^ 
8 
8 

i'oH 

12>i 
9« 
la 
8K 
8X 

aj* 

10 

'm 


width. 

Great  Falls  M  36 

do  S  33 

do  £  36 

do  J  36 

Gramtevllle..  86 

do         ..7-8 

Hallowell 36 

da         ..  40 

do         ..  82 

HarrlBbnrgA.  !6 

do         B.  30 

Indian  Head.  36 

do       ..  ;8 

do       .    40 

do       ..  48 

Ind'n  Or.RR.  30 

do    NN.  33 

do    EE.  36 

do    AA.  40 

do  DW.  36 

LaconiaO 39 

do      B. 


do 
do 
do 


.  86 
.  86 
.9-4 
10-4 
11-4 

Langley 36 

Laurel  H 36 

LymanC 86 

do     B 36 

do     T 36 

Laugdon  GB.4-4 

Lawrence  D . .  86 

do        XX  86 

do       LL.  39 


Price. 
9 
8 
10 

8X 

8X 
9X 

9 

9X 
»X 
lOX 

9 
14 
16X 

7X 

8>4 

9« 
1U>4 
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9 

» 

8X 
27X 


Width . 
Newmarket  A  .36 
do  D  36 


Putnam  AA. 
PeppcrcU.. 

do     .. 

do     . 

do     .. 

do 

do 


3^ 
10 
8H 


J.. 
Y, 


.36 


29 
83 
36 
40 


do 
do 
Mass.  J . 
do    B  . 
do    BB. 
do    M.. 
do  Btandard  36 

Jfaxwall 40 

Medford  36 

Mystic  River.  36 
NaahnaflneO  38 
do  R....  36 
%....  36 
W  ..     48 

9-4 

10-4 


do 
do 
do 
do 


lC>i 

e 

12 

9X 
lOX 

8 
11 

9« 

7X 

8 

8X 
10 
10 
16 

9¥ 


9)4 
11X 
16>i 
30X 
35 


8S 

7-4 

8-4 

....  9-4 

....10-4 

....11-4 

....12-1 

do  B  fine.  39 

do  R 36 

do  O 33 

doN 80 

Pequot  A 86 

do     B 40 

do    &-4 

do    10-4 

Pittefleld  A.  .  86 

Poca«8etCanoe.39 

Portsmouth  A  86 

Plum  Island..  36 

do        .    39 

SaranacflneO  36 

do       R36 

do       E  36 

Stark  A S6 

do    B 36 

Swift  River..  86 

Suffolk  A 38 

TremontCC.  86 

Ulica .S6 

do   heavy..  40 
48 


Pnee. 

s^ 

10 
40 

as 

30 
SS 
40 
10 
9 

ex 
i}i 
11 

l!>f 

85" 

10 
8 
lUX 
11« 


do 
do 
do 

do    

do 

do  heavy. 
Waltham  F. 
do      ... 
do      .. 
do      ... 
do      ... 
Warren  R.. 
do     W.. 
do     AA 
Wachusett . 
do 
do 
do 


.  68 
.  73 
.  86 
.96 
.110 
..  S6 
.5-4 
..9-4 
.10-4 
.11-4 
..  40 
..  36 
..  40 
..  36 
.  30 
..  40 
..  48 


ibji 


8 

s 

u'ii 
ns 

st'ii 

40 
45 

am 

13 
15X 
85 
27  Ji 

ioji 

9)f 
14X 
10 

8X 
14 
16X 


Amosk'g  ACA. 


BIcacbed  Sheetings  and  Shirtings. 


AmoBkeagA.  36 
"2..  33 
..  42 
..  46 
..6-4 
.10-4 


do 
do 
do 
do 
do 


Androacog'nL  36 
do  AA  36 
do  ....8-4 
do  ....9-4 
do       ...10-4 

Auburn 36 

ATlendale 6-4 


do 
do 
do 
d> 
do 
do 


.7^ 
...8-4 
...9-4 
..10-1 
..11-4 
.12-4 


Barker's  Mills. 36 

BartlettsA...  36 

do     XXX  36 

Ballou&  Son.. 36 

do  .33 

do     AA.35 

Bates  08 36 

do  BB  :W 

Bay  Mills  ....  36 
BtackBt'ncAA  36 


Boott  B 
do  C 
do 
do 
do 
do 
do 


36 


28 


42 

46 


E.. 
R.. 

S.. 

w. 

X  . 

BoBton 8-1 

do    9-4 

do    10-4 

Chestnut  Hill. .36 

Crescent 36 

do      31 

Cabot 7-8 

do  36 

do  9-8 

do  5-4 

Canoe 27 

Chapman  fine  S6 


do 

Davol 

do    

do   

Dwight  I)., 
do  AA 
do 
do 
do 


X..  36 


Star..  ; 

do  .. 

cambr. 


42 
.46 
40 
36 


11 

ii" 
U)i 

18 
32X 

15 

30 

32X 

37^ 

10« 

2'1 

23 

25 

mx 

32« 
37>i 
82X1 
11 
11 

14X 
9 

iP 

12 

10 

13X 

10 

10 

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7X 
9X 
13X 
U>i 
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sax 
37X 

o 

llv 
loV 

8X 
9>i 

13 

14X 
6 

9 

13X 
18 
20 
17 

9X 
li>X 
14 
15 


Dwight  Star..  45 
Fearless...  .  36 
Fruit  of    the 

Loom 36 

do 


00 

do 
do 
do 
do 


..  42 

..5-4 

..6-4 

100s  36 

camb.  36 


16 
9X 

13 
11 
18 
30 
95 
15 
16 
I'-X 


36 


.33 
36 
,  31 
33 
32 
34 


Woodberry    and    Druid 

Mills  and  Fleetwing. 
No.O...  ^ 

Ko,l... 
No.  3... 
No.  3 


No,  4 

No.  5 

No.  6.,.,. 
Po.7.... 


40 
38 
86 
34 
32 
SO 
28 
3« 


Forestdale...  38 
Gem  of  the  Spin- 
dle   36 

Greenville  ex 

Green  G 

Gold  Modal.. 

do 
Gr't  Falls  Q. 
do  S.. 
do  M. 
do  A. 
Hallowell  Q. 

Harris 36 

Hill's  S.  Idem  .32 
do  86 

do  42 

Howe 38 

Hope 36 

VaA.  Orch.AA.  36 

do      H  dw  36 

do         S..  36 

Kin?  Phillip  .  38 

do     camb.  36 

Knight  camhr  36 

Lawrence  S  . .  83 

Llnwood 36 

Lacunia 8-4 

do    9-4 

do    10-4 

Lan^don 42 

do       46 

do  GB..  36 
Lyman  camb..  36 

Lonsdale 36 

do  Cambric  36 
Masonville...  36 

Maxwell 36 

Methuen 27 

Nashua  E....  36 

do      5-4 

do      9-4 

do  ....  10-4 
Newmarket  C  36 
N.  Y.  Mills.  ....36 

Peabody 36 

Peoperell 6-4 

do    5-4 

Cotton  .Sail  Duck. 

No.  8 25 

No.  9 24 

No.  10 22 


8     I 
9X1 

8 

9 

9X 

8X 
10 

9X 
11 

13X 
lOX 

9X 
13 
15 
UX 

nx 

14 
lOX 

ii" 

27X 

30 

35 

12X 

14 

13 

16 

12 

16 

12 

14 

fix 

12 
16X 

3ax 

37X 
9X 

15X 
9 

20 

15 


Pepperell 7-4 

do  ~  ■ 

do 

do 

Pequot. 

do 
do 
do 

Pocasset  Can' 
do         F. 
do       PF. 
Pride  of  West 
Red  Bank.... 

do 
Reynolds  AA. 

Suffolk  L 36 

Standard 35 

do       a3 

Slatcrville....  36 
do       ....  33 

Social  C 33 

do    L 36 

Sugamore 7-8 

ThorndlkeB.  36 

Tuscarora  XX  36 

do        ....  45 

do       ....9-8 

Utica 35 

do  exhvy.. 


.8-4 
.9-4 
.10-4 
..5-4 
..6-4 
..8-4 
...9-4 
.10-4 

80 


33 


do 
do 
do 
do 
do 


36 


5-4 

6-4 

8-4 

9-4 

10-4 

Nonp..  86 

Winona 36 

Waltham  X...  3.3 


do 
do 
do 
do 
do 
do 


do 
do       .. 
do 

do       .. 
do 
Waraeutta. 
do  OXX. 
doOHH 


42 
..6-4 

..8-4 
..9-4 
.10-4 
..9-8 
86 
36 


do....     ...  5-4 

Wauregan 38 

do   camb.  .. 

White  Rock..  36 

Whitinsville..  36 

do  33 

Wessac'mc'n.B36 

do         G33 

Warren  AA..  38 

do       B  ...  36 

WilUamsville  35 


35 

27X 

30 

35 

20 

25 

30 

35 

40 

lOX 

7 

g 
15H 

8 

7X 

8X 

8 

nx 

lOX 
10 


9 

6 

9 

14X 
33 
90 
13« 
14X 
8-2X 
27X 
37X 
40 
43 
15X 
UH 

8X 

nx- 
ss" 

97X 

32X 

20 

16 

15 

28 

14 

15 

12 

10 

9 

9X 


do 

A..  .. 
B..  .. 
C.   .. 

B.  .. 
do  awning  .. 
do       do  ACA 

Albiny 

Conestoga 60 

do  FF...7-8 
do  prem  A. 4-4 
do  ex... 4-4 
do  ex. .  7-8 
do  Gld  mdl4-4 
do  CT..  .36 
do  CCA7-8 
do  Peiina.4-4 
do  AA  .. 
do       X 

Cordis  AAA..  32 
do         ACE.  33 


Ellerton.. 
Franklin. 
Garner... 


Amoakeag 

do       S.... 

Boston 

Beaver  Cr.AA. 
do  BB. 
do      CC. 

Oar'ton 

CoUimb'n  h'ybro 
do  XXX  brn 


Caledon 

a,No.7.. 

do 

No.8.. 

do 

No. 9.. 

do 

No.  10 

do 

No.  70 

Far.&  Mln,  No.  5 

do 

No.  6 

do 

No.  7 

do 

No.8 

do 

No.  9 

85 

SO 

20 

17 

15 

!2X 

20 

25 

7 
37X 

33 

83 

20 

17X 

nx 

15X 
14X 

is" 

lOX 

20 

33 


?     I 

SO 

15 

9 

15'/, 
13X 
IIX 

is" 

17 

18X 

14 

16 

18 

19 

13 

14 

16 

18 

19 


Tteklnga. 

Cordis  No.  1..  32 

do    awning.  .. 

No.  2.  .. 

No.  3.  .. 

No.  4.  .. 

No.  6.  .. 

No.  6.  .. 

No.  7.  .. 


do 
do 
do 
do 
do 
do 
Easton 

Hamilton  reg.. 
do  D.   . 

Hampden  CC . . 
do       BB.. 
do       TRA 
Lewiston  A., 
do      A.. 
do      A.. 
Methuen  AA 
do         ASA.  .. 

Lancaster 4-4 

do    7-8 

Omega  0 

niazed    Cambrics 

Harmony... 
Red  Cross. 


30 


32 
30 


22 
25 
19 
17 
15 
12 
11 
10 
9-11 

16 

13X 

14X 

12 

31 

34 

19 

17 

18 

80 

28 

22 

14 


Omega  B 17V 


30 
36 


7-8 
..4-4 


do     A. 
do     ACA . 
do       do  .. 
do    medal. 
Minnehatu.. 

do 
Pearl  Rive.-. . 

Palmer 

Pemberton  A  A  .. 

do       B 

do       E 

Pittsfleld 

Swift  River..  .  .. 
Thorndike  A..  .. 
do  C  . .  . . 
Willow  Br'k  No  1 
WhittentonXXX. 
do  A.  .. 

York .30 

do  32 


6  I  Washington 

7  I  High  colors  Ic.  higher. 


20« 

81 

24 

34 

23X 

25 

82X 

8 

IB 

11 

ISX 
6X 

10 

lOX 

10X 

19 

35 

Yl" 
31 


6X 


Denims. 

Cordis  XX  brn 
do     X  brn 

Everett 

Lewiston 

Otis  AXA 

do  BB  

do  CO  ...  .. 
Pearl  River..  . 

Palmer 

Checks. 
Far.&Min.No.  10 
Park  Mill6,No.50 


.do 
do 
do 
do 
do 


No.  60 
No.  70 
No. 80 
No.  90 
No. 100 


12X 
IIX 
30 
•30/ 
16 
14 
13 
19 
10 

93 
Ii 

IIX 
16 

nx 

19 
31 
15 
17 


Thorndike  A.. 
Unrasv'e  tICA. 

York 

Warren  AXA,, 

do      BB.... 

do  CO.  .. 
Gold  Medal... 
Haymaker 


lOX 

13X 

30 

16 

It 

13 

10 

10 


14 
11 
13X 


Light  duck- 
Bear  (8  oz.)  39  In., 
do  heavy (9 oz.)... 
Hont.Iiavens  '291n. 
do         40in. 


Ontario  and  Woodberry 
USA  Standard  33X  In. 


do 
do 
do 
do 
do 


8  oz. 

9oz. 
10  oz. 
12  oz. 
15  oz. 


Ontario  Twls,3gin. 

do  sein. 

Extwl8"Polhem'B" 


American 10-11 

Amoskeag 13-14 

do        fancy         14 
Bates  Cheviot..  12X 

Cordis  awning .  85-27  ^ 

Colnmbian 9>i 

Everett  Cheviot         15 


American 27  .50 

Amoskeag 27  50 

Excelsior 89  00 

Lewiston S8  00 

Franklinville..  28  00 

Montanp 27  00 


Dirigo 18 

H.H  9 

Irving Ifi 

Granger 33 


Union  Mills.No.18 
do        No.  30 

Stripes. 

Everett  heavy. . 
Hamilton 13-14 


Union  M.  No.  60  17  18 


do 

do 

do 

do 

do 

do 

Prodigy. .  . 
Lewiston  A, 


No.  70 
No.  80 
No.  90 
No.  900 
No.  800 
No.  700 


13 
13 
14 
16 
16 
14 
15 
13X 


17 


Lew'nAA.Chev. 
do         A  ... 

Massabesic 

OtlsBB 

Park  MUlB  Ch't. 


13 
12 
13 

12 
13X 


B»KS. 

Ontario  A 80  00 


do     B. 

do     C 

PowhattanA.. 

do         B.. 

do         C. 


35  00 
40  00 
38  00 
35  00 
40  00 


Thorndike  A.... 

do        B.... 

Uncasville  A.. . 

do         UCA. 

Whittenton  AA 

do         B... 

do  fancy  XX 


Stark  A 

do    C  3  buBh 
do     3J^  bush 


14 

13 

10-11 

18-18 

14 

11 

5 


39  00 
89  00 

40  00 


PhilaA ao  00 


do   B. 
do  C. 


I  Bmpress.e.to  13. 
'  Pemdeton   do 


Cotton  Batts. 

I  Hanover 10 

1  Logan... 18 

I  .TackBon 30 

I  Honest  Injun 12X 

Cotton  Yarns. 

I  Sargeant    6  to  13..    35 


35  00 
4U  00 


15 


I  Fontenoy     do 


«5 


I  Rock  Island  .. 

I  Russian.  19 

I  Standard 13 

I  Wyoming... 13 


IIXL  BtolJ M 

iXXZ    do     ,    8fi 


Septambbr  4,  l^5j 


THE  CHEONICLE; 


261 


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PRICES  CURkENT, 


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Soroea  boards*  plaaka 10 

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unpoot's  rMe  rx.  Prr.  rrFg.  IB  cats. 

DopoBfsnBf.FKx.  rVTr.  «x»s 

Hasard's  Keniockv  rifle.  PFKi,  FPr,  and  Sea 

Sbootnsrs.   Oua  ken 

Dspunt'.  rifle,  rrx.  FFPv.  If  sa  k*<[S 

Haxard'sKe  tiackjr  riflr,  FFfk.  rPx.  and  Sea 

BbootiaxKc.  i;h»  ke»s 

Oranx-  r  fl?,  Kf.  KFj.  Frfx.  n»  koca 

,  Ft.  "t.  rPF«.  a» 


Haz>rl's  ICeatuekj  r<fle, 
ke«».... 
HAT- 
Shlor'ss- 


i  41 

S  k< 

(  8S 

4S 

*i 

I  4S 

1  4S 

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I  o 

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w  • 


cald 


BIOB*- 

Xlr»— Baaaoa  Ayras,  salaclad. 
MoalaTldao,  do... 

Corrtaaua,  do.... 

Bloaraade.  do....     " 

OrlBoeo,  do....     " 

Callforaia.  do..,.     " 

Matam.  and  Hex,  as  tbor  ran     ■■ 
Maraoalbo,  do.... 

Babla.  do....     •• 

Drw  5all«d-MaTacalto.do.... 
CklU.  io....     •• 


■aTsataa,                     da....  " 
•akia,                          do.... 

VM4a4H4-Baaa.A,r,saia<tc4  •• 

Para,                             do  ...  '• 

OalUoTBla.                  da....  •• 

TasBB,                          do —  ear. 

&/lJKt-OBleattastaacbt._  cold 

Oilafna.daajftaaa - 

IRO*-. 

pi(,Aaaneaa.Ho.t. 

P1(,Aa«neaa,Ka.t 

Pix,  Aiaarieae,  Fort* 

ri4l,  Bcosaa 


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LBAD- 


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rtm  am 

v.-  *'■■  •<*> 

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,atat1«,4ea»l**  iraklo.eom.        4    • 

as«,IUcllak laUMtO   m 


m 

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POWMp4v->**a*><a****aa*a>>v>**as  W  ^f^W       9 

Wttt     —     ...•a>*»ao>a<oa  aaaaoaaoBa*    aaao  * V  V 

-.      .  ,,^ 

N    • 


LSATHKS- 
Haailaak.  Baa*.  Alas,  k..«h*l_.. 
"      OaUCoralik  h- •.  *  1...... 

aoaa'a  ErdaTW..  a.  *!.... 


n 

M 
M 
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Oaba.  Mas,  -•-■-- ^^'-^^ 

4a      4a 
lart*4o*a.. 

RrtaMaaV 


Oaba,  Ma*.,  rrlainx  iradaa,  94  last. 
''-    crocery  crada*. 


V.u..aaa,tairta 
HATAuSTOWW- 
Tar.  Ws«>lacSoa.. 
Tar.  WllalatOa*  . 
rnak.  aHF. 


Otilll  ..*•*». 


JMB.M«ao4tlfSlB' 

"    A.1 

••     Ra.S 

••     aatrasala 

OAKCM-oarr  >a  b***  4*sIllT. 
Oil.  CAKB- 
CMf.  ba« 


■.■.■.■*can. 

'4  •  bbl. 


n 

XV  t 

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lis  « 
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laaanvcsn.... 

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^^  iptSftawL.  Hoaa4. 

Wkata.Maaaka^'wMac.'.. 
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Ksl  v**rli*<i'«taiar.'.', 
all.wuior — . 


1^' 

Ca***.. 


lUITN- 

lakalc. 


■ataa4.  ttaadard  «Mla... 

■apkHsa.Cltj,  bbla. 

PMOTIBIom- 


Pork,*xtra  pnaw........ 

Pork,  prim*  BMSI 

B,t«l.plala  aa*.. ..>.... 

Baar.aitra  maa* 

a««r  tia-na, cha^e*  ■•*.. 
Ha<B*.raMk«d 

ur.citr.  " 

■ICB-  ^   , 

CarnKaa,  fstr  to  eko>r*.,, 
LaaUlaaa.  fair  to  r"~" 
S^ooa,  la  kaad. 


iSt 
•4    • 

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n  41 

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0 

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IJ 

I  » 
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t4.MartlB's 

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■ALTPSTRft- 

■ataad.paia 

Orad* .0 

intrat*  soda m.,.. 

•«KD- 

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Tsatlee,  Nos.l  tol «»  SCO    • 

Tsailee,  re-reeled *  til%% 

Tavsaam.Kos.  1*2 ISO    • 

Canton.  r*-re*]ed  No.  ICotOEOBB..  4  IS   «b 


iOt 


BPKLTBR— 
Forelirn.... 
DomesUo... 


,'.00  •.cold.   1  MX*   1  M 
cor.   1  10   tt    129 


SPICKS— 
Pepper,  BatarU. 

do        BlBaapore 

do        white 

Uassla,  Cli  la*  Utne* 

do       Batarla 

QlDKer  African 

do     ualonu* _ 

Msec 

Nuiinan.BataTlaaad  Peaaat.. 

Pimento,  Jamaica 

Clovea 

do    itemi  


.sold 


II  a 

*•  • 

1  10  « 

I  >«  9 

lu  A 

40  « 

IT  • 


«" 

UK 
lOK 

I  19 
1  08 


8PIRITS- 

Brandr.  forelta  brands *  gait, 

Knm— Jam. .4th  proof " 

St. Crotx.id  proof •" 

ein •• 

DomaOe  Hoaor*— Cash . 

A  leobol  (W  per  et>  C.  *  W ear. 

Wblsker " 

•tkkl- 

Kni(ll>b,easl,>d*lsiqaality  Vtxold 
■axIUh.sprlnii.ldAlatqualltx..  " 
KnirIl>bblUtrr,2<l*Ist<|nam7.. 

Kak'ltsb  macblnery „  " 

iDtlUh  Oermmu,  Jd  *  1st  ijiuUty  " 

American  blister cmr. 

Amerlcaa  esst.  Tool 

Amerlraaeaattprlnt 

Amerloaainaeblaerr... 

Amertean  bdnnat  s^l^ir... 

SDOAR- 
Cuua.inf.torora.  reSr'nt 

do    falrtoiood  refla'.nt 

do   prime,  refliilna „,... 

do   lalrtocood  xrocerr 

do  pr.  toebolce  croaerr 

do  Mutr.hhdi.*  bzs,  NO*,  tftll 

Molasses,  kkds  *  bxs 

Melado _ 

BaT'a.Box,D.  B.  Moa.'iSI 

40         do         do    loan 

do         do         do    ISOIIS 

do         do         do   Itau 

•10         do         do   l^!»....< 

do         do  wlilte  . 

Porto Rleo,reflalnt,eom  tevrtm*. 
do        trocary,  fBirtacSoIo*.. 

Bratll.baca.D.  ^.  Kos.  (4111 

Jara,   do.  D.S.,  Noa.lOSU  

Maalla       

H.  0„  rcSaed  to  crooer*  grad** 

£>4a«d— Hard,  crnsbed *• 

Bard,  powdere- 

do     cranatat^o 

do     eat  loai 

Sanwblio,  A.itaadara  aantnt... 
do      da      otf  A 

WbiuaatraC 

Telle*      do       

Oth*r  Tallow 

TALU^w- 

Prlmedly,*  • ' 

W**MrB,V» 

TKA- 

Myaaa,Canaoato4ali ein. 

do     Bnpcrlor  to  flr* 

dn     KitradB*  loflaaat „. 

do     Cbolcaat 

Toaac  HysoB.COB..  to  fair 

do         Saper.w  fliie ,/ 

do     Hx.Sneto  floest ..r. 

do      Choicest ..-.    ,,. 

BBBpowdar.C'oa  to  fair 

do  Sop. tonne 

do   Bx.Sn*  to  Saaat 

dn     rhotcn.t 

Imperla  r 

t.o  

ao  oflneat 

VysoaSkwv  a  i  wnn.  com,  to  fair. 

do         Ao      Sap.toflne 

do         do      kx  nnetoane«4»  ... 

XJocolored  Japan. Com. to  lair 

do         Sap'rtoflne 

4o  Bx.flnetofloe*! 

Ooloac, Coavion  to  lalr^M 

do     Saparlor  toflne 

do     KTllnetoflneet 

do     rbolceat 

■onc.*Conc~CoiQ.  tofatr 

do  SBp*rtnnb^ 

do         Im.  flae  to  flaot. 


gold.—-^ 

ato  •«ia 

I  U   •  I  00 

S  4S    •  i  48 

100  •  lis 

irs  •  ta;x 

1  u  m 

>4S«  IT 

IK*  T 

I  a  14 

10K«  U 

lOX*  IIH 

:*.::  •  u 

...  a  10 

....  •  11 


IS*         BX 
*%•         TV 


UK 


Hanca 

Stralu 

Bnxllsb 

piatra.  I.  Cekartoal... 
Platet.ebar.tarae 


.toM. 


It  i     .... 

ISO  •  im 
<■       IS7M*   I» 


I'xS 


Keniaeky  lop,  heary 

lea?;     "     II 

Seed  leaf— CnBoecttcBt  wrapparani  20 

•■             Conn.*  Mass.  flilera.'n.  T 

Fennsylranla  wrappers .  Tl 1" 

Havana,  com.  to  One H 

Mannlae'd.lB  bond,  black  work 1 4 

•*    bniht  work M 


..«» 


WOOU-       ^^ 

Amerlcaa  ZZ 

AmellrsB.  Ncs.  I  *  > 

American, ComblDt 

BitraJMiJlod 

Ko. I. Palled 

CalKorala.  Sprinx  Clip— 

Snperlor,  nawashed 

Medlam 

Coars* 

Borry  ...  - ; 

Bontb  Am. Merino  oowasheo 

Cap*  Goad  Hop*.  BBWaskad 

Texas,  «nr. 

Texas,  medium 

BmyrBa.nawaaliad  tcld. 

*8hSrt •  »,gold,B*t 

"  o  Liyaarooi.; 

COttOB »». 

floar ipbl- 

Cora',  b'-i  k  *  bi^V  Im. 
'Wbnat.bklK  Abacs.. 

Beel Jjce. 

rork VbU, 


II 
n 


30 

9S 


14 


n 
m 

M 
fS 

u 


«X»      9H 


262 


THE   CHRONICLE. 


(September  11,  1876. 


Flnanoial. 


R.  T.  Wilson  5c  Co., 

BANKKBS      AND      COMMISSION      MKROHAKT 

'   3    EXCHANGE    0017RT. 

Llb«rftl  CMti  lUlvancM  made  on  cou8ignuieo>d  of 
Cotton  >Dd  Tohscco  to  our  addreas :  al»o  to  ourlrlenoa 
In  Liverpool  and  London. 

Sovernroent   Necurltieii,  Gold,   Stocks 

and    B<Mida 

Bongbt   and   Sold   on   Commission,   and 

I^OANS  NEGOTIATED. 

Accoaats  received  and  Interest  allowed  on  IwluiOM 
which  may  be  checked  for  at  sljrht. 


Knoblauch 

&   Lichtenstein, 

BANKRRS, 

35  Broad  Street,  Kew  Vork. 

Draw  Bills  of  Exchange  ana  leaae  Letters  or  Cie- 
diton  all  principal  elites  of  Europe. 
Open  Credits  on  Shaiisbae  and  Vokohama 
Telefjraphic  transfori  mado 
Special  Partner.— i  P.UTSCHB  BANK.  Berlin 

CH  ARISES     OTIS, 

47  BZCBANGK   PLACE, 

City   Railroad 

and  Gas   Stocks, 

8pecia.tr  lor    19  Years. 

Bee  Quoutlona  of  ■*  Local  Gecnrttles"  In  this  paoer 

Gwynne  &   Day, 

(EstaDllehed  1854.) 

B  A  W  K  C  R  S  , 

No.    16    "W  A  1.  Li    street. 

Buy  and  Sell  Stocks,  Bonds  and  Gold  on  Commtsston. 

Dea  ers  In 
NEW  TORE  STATE  STOCKS, 

MISSOITRI  STATE  SIXES, 
And  other  flrst-cIass  Investment  Securities. 


Oommeroial  Cards. 

B.   G.  Arnold  &  Co., 

1»6  FRONT  STREET, 

IMPORTBBS  AND  DEALERS 


COFFEKS    AND     TEAS. 


Miscellaneous' 


E.  8.  MUNROB.  E.  K.  WiLLARD, 

Member  Stock  iizcb'ge.  Member  slock&  Gold  Kzch's 

E.  S.  Munroe  &  Co  , 

BANKERS   AND   BROKEaiS, 
No.  1  Broad   Street,    Corner  of  'Wall, 

DREXEL    BUILDING. 

Bay  and  sell  Bonds,  Stocks,  Gold  and  Foreign  Ec 
taange  on  Commission.   Interest  allowed  on  d(!:>o^lts 


Smith,  Baker  &  Co., 

COmiraiSSION     mERCHANTK 

Yokohama  and  Hloifo,    Japan. 

KEPRB8BNTED  BY 

E.     W.     COREiIES, 

»HH    Pine    Street.    New    York. 


John  Dwight  &  Co., 

MANUFACTURERS  OF 

SVPER-C  A  RBON  ATE 

or 

SODA. 

No.  11  Old  Slip,  New  York. 

The  dooome  Trade  ONLY  Supplied 

JEWELL,HARRISON 
&    COMPANY. 

PITRE    LARD    PACKED    POR 
AL.L.    CL.I1HATES. 

PR0Vi>10N    DEALER!*   AND    MANUFACTURER 

Ot  LARD  OIL  4    D  STEARINB. 

ESTABLISHED  1841.  NEW  YORK. 


McKin)  Brotiiers  6c  Co., 

BANKERS, 

47  ^Vall  'itreet.  New  York. 

MEN  AND  IDIOMS  OF  WALL  STREET 

Is  a  new  72  page  book  giving  the  highest  and  lowest 
prices  of  stoi-.ks  for  15 years,  complete  list  of  defaulted 
lallroads.  Black  Friday,  sketches  i>f  leudlLg  opera- 
ton,  and  the  method  of  dealing  on  small  sums  of 
money.  Copies  sent  free  1o  any  address.  Oiaers  for 
stocks  and  Bto-.k  privileges  executed  by  mall  and  tele- 
graph, collections  made,  money  invested,  and  Infor- 
mation given  by 

JOHN    HICKI.IMG    &    CO., 

Bankers  and  Brokers,  72  BROADWAY,  K.  T. 


F.  LB.  M.-^YHEw  &  Co., 

140    Front   Street, 

MANUrACTURERS  OF 

OlliS— SPERM,  WHALE,  ELEPHANT  A  LARD. 

CANDl.feS— SPERM,  PATENT  SPERM,  PAR- 

APFINE,  ADAMANTINE,  HOTEL  AND 

RAILROAD. 

For  Export  and  Home  use. 

PARAFFINS  OILS,  WAX  AND  BEESWAX. 


Tumbridge  &  Co., 

BANKERS   AND    BHOKERS. 
2  lYall   Street,   New    York, 

Bay  and  Sell  Stocks  on  Margins  or  for  Cash 
PVTS  and  CAI^LS  negotiated  at  the  lowest 
market  rates;  $50  for  SO  shares,  $100  tor 
100  shares.  Thirtvtwoptii^eexDlarttorypam. 
ahlet  mailed  on  aoDllcation 


Commerciitl  Cards. 


TO    PRINTERS. 

We  keep  on  hand  the  largest  stock  of 

PRINTING    TTPES 

iB  America,  assorted  for  iCDgUsh,  French,  Spanish, 
mnd  Portuguese,  which  we  sell  In  lots  to  suit  purchas- 
en,  at  low  prices  for  cash. 
we  also  deal  in  all  kinds  of  new  Printlns:  Materialn 

Geo.  Bruce's  Son  6c  Co., 

No.  13  Chambers  street,  N.  Y. 

N.  B  —The  Stock  and  Bond  Tables  of  the  Coxukh 
oiAL  AND  Financial  (Ihroniolb,  published  In  a  sup- 
plement to  that  papier,  on  the  last  Saturday  of  each 
month,  and  oreupylug  twenty-seven  pages,  are  set  In 
Bmce's  Monpariel,  No.  12,  with  their  Patent  Figures 
and  Fractions. 


Wm  Pickhardt6cKuttroft 

IMPORTERS 

AND 

coiamissiON   jherchaints 

IN 

CHEMICALS,  COLORS.  DYESTUFPS, 

&c,  &c.,  &c.. 
No.  23  Cedar  Street,  New  York. 

Branch  Offices  in  Philadelphia  and  Boston. 

WM.  PICKHARDT,     i ,4.„„. i  p.„„.~ 
ADOLF  KUTTBOFF,j"*°®™'  manners 

KADISCHE  ANILIN   *  SODA   KABRIK 

Specifll  Partner 

Brinckerhoff,   Turner 
6c    Co., 

Manufacturers  and  Dealers    n 

COTTONSAILDUCK 

And  all  kinds  of 

COTTON  CANVAS,  FELTING  DUCK,  CAR  COVER 

ING,  BAGGING.  RAVENS  DUCK,  SAIL  TWINES 

*C.    "  ONTARIO"  SEAMLESS   BAGS, 

"AWNING  STKIPKS." 

Also,  Agents 

United   States  Hunting   Company. 

i  full  supply  all  Widths  and  colors  always  in  stock. 

No.  109    Duane   Street. 


Olyphant    6c   Co., 

COMMISSION    MERCHANTS, 

HonK  Kone,  Shanghai,    Fooeliow    A 
ranton,  China 

RiPBESENTKD  BT 

OLYPHANT  Sc  Co.,  of  China, 

104  Wall  St.,  New  Y»rk. 


^'^^ 


E.R.Mudge,Sawyer6cCo 

AGENTS     FOR 
Washtnsrton  ITfills, 

BurDiiston  Woolen  Co., 
Chlcopee  .llfg  Co., 

Ellertoii  New  mills, 

Saratoga   Victory   Mrs  Co, 

NEW  YORK.  BOSTON. 

48  A  45  White  stbikt.  ISChaunoby  .--t. 

PHILADKLPHLA, 

J.  W.  DAYTON,  280  ChssTNUT  Stsskt. 


STEEL    PENS. 

MANUFACTURERS'     WAREHOUSE, 
JOSEPH    GII.I.OTT    &    SONS, 

91  J<>bn  street.  New    York. 

HENRY  HOB-  Soi*  Aokmt: 

Financial   Review 


1  S  'T  s  . 


CONTENTS' 

Financial  Revlevr  of  the  Year  1874— 

United   States    Commerce — Bank    Movements  - 
Financial  Affairs    in  London— Money  Market- 
Gold— Foreign  Exchange— United  States  Ooveni. 
ment  Bonds— State  and  Railroad  Bonds— Railroad 
and  Miscellaneous  Stocks. 
State  Finances  and  Defaults. 
ITIercantlle  Failures  In  1874. 
DiTldend-Paylng;  Railroads. 
Railroad  Earnings  In  1874. 
Rallr<tads  In  Default. 
United  State  l>and  Grants, 
luvestments  and  Specnlaiion. 
Compound    interest  Table,  showing  the 
accumulation  of  $1  at  different  rates  of  annua.' 
interest,  for  all  periods  from  one  to  fifty  years  — 
interest  being  compounded  semi-annually. 
Table  for  Investors. — Showing  the  rate  pet 
cent,  per  annum  realized  on  securities,  purchased 
at  various  prices,  ran;.;iDg  from  10  to  300. 
Stock  Speculation. 
Interest  Cost  of    Carrying    Stock    lor 

One  Day. 
The  Money  Market.- Prices  »f  Call  Loans 

and  Prime  Commercial  Paper,  1869  to  MV5. 
Movements  of   Gold  and   Hulllon— Ex 
ports,  Imports  and  Production— Daily  Prices  of 
Gold  from  1862  to  18715. 

Foreign    Exchange Prices  1867  to  1816. 

v.  S.   Government  Ronds— Prices  1860  to 

ISIS. 
Stnte  Ronds— Prices  1860  to  18TS. 
Railroad  Ronds— Prices  1860  to  1875. 
Railroad  and  Mlscellaneons  Stocks — 

Prices  1860  to  1875. 
Cotton    Movement    and   Crop  In   thie 

United  Stiites,  1873-4. 
Cotton  Spinning  In  the  United  States 

1873-4. 
European  Cotton  Consumption. 

PRICES 
■n  Cloth,    ----- $2  00 

To  SabscrlDers  of  the  CHROIIKU.K  -    -     1  60 


WILLIAM  B   UANA  &  CO.,  Publisbbbs' 
79  &       WILUAM  8TRKBT,  N,  T. 


AND 


xtmtk 


HUNT'S    MERCHANTS'    MAGAZINE, 

REPRESENTING   THE    INDUSTRIAL    .VND  COMMERCIAL   INTERESTS  OF  THE  UNITED   STATES. 


VOL.  21 


SATliKUAV,  SEPTEMBER  18,  1875. 


NO.  534 


C  ON  T  6  r-  I  • 


m  OHBOKICLK. 


FUkt. 

Uilraad 
BrttiU 


Bftaff  OB  ft 
bi'   Ornt 


Utnt  Me— tiT  ud  Ooamaicte] 

BngUakKcw* ,.... 

Oomm»riil  tad  WwUuaeai 


■toner  Uuka^V.  •.  ■MarttlM. 
iUilw*7  SloA^  OoM  lUrkat. 
roratara  ■adwwa,  K«w  Tork 

aif  aMka.  Bum  buio, 


Maw! 
TBS  BAMKUtr  aA2«m. 

m 

tn 

Tadi  Local  SwaHtfM  .     .      t74 
iBTMMMt  Ba4.8UU,  Citr  and 

tT3 


UaouOoaa  of  9tsek«  »ad  Bondi 


Ooam«rcial  Bpttoaa. 
OHtoa 


TBB  OOlUtaMCIAL 


Mi 


Tib  CoincKRctAL  ah d  Poiajiciai.  CHBtmioui  i«  teiMtf  •*  Satttr. 
day  morning,  mih  tK»  laUtt  n4wt  up  t»  wMmifM  •/  Fridmf. 


TssHi  or  lUBsckmuNi-rATAXU  a  aotavqx. 

BBOUL  &SB  FoiAiniAL  Cmmomiaa,  <rtl»wiil  by  canUr  to  dty 


( 


ifi 


ror  Oaa  Taw  (lactaMac 

roTBteHwlfci ■   ». 

8«b>i.iHiil— ■  «m  ta  eo«Maa«d  raUl  otimii  Mppad  tr  •  i«^a«  tUtr 
Tmilupiimi^tmt0m.  Tfc»  PafcUfra  caaaot  >»  f««poa»lM«  for  ttmW 
taacOT  aalaa  aada  qr  OrafM  or  ra*»<MBc«  " 


(Man. 


Hiiilwl  ■«iB<laMnt»  aia  paMhbid  «  ■  aau  »ar  Ha*  ta*  aaek 
laaatMM,  bat  wbaodaAalta  ardan  tra(lTCaltolta,oraarah  laaarloaa,  a 
IttanI  dlacoaat  U  aMdai    Me  pfoadaa  of  eonll— IM  pabUcattoa  la  Ika  b«at 


■laei  caa  b«  etna. aaall  adrartlaan  aia«t  bafaanat  oBBortaalUaa.    Waie'rf 
MoilaaataBaaklw  aad»tnir<il  ae>aata«0  iiMif  K»aa<blaawlfciit. 


TkaLaadaa 


or  Iba  (tiliwii  a  la  at  Mail 


aabaolDttaaaaataMaal  tbafi 

Aaaaal  •abacrlplba  to  tfea  Chfoaiela  (l»  ~ 


aixi 


alba' aahauliOaa 


man.  Old  Braad 


Poar  OmcB  Box  4  ! 


/naa  a.  fiars,  ia.  I 


TO  aad  •!  WlUlaa  Sti 


MKW  TORE. 


tV  A  aaat  MaaaTM  to  faialabid  at  9n  eaaa 
foi«.    Votaaaaboaadtaraabaerlbanatll  Ml 
ISr  A  eoaplala  aat of  tkeOgaanaeiAL  la*  fUAaeui 

IV.-  1'  tb«  odk*.     Alao  aaa  aatof  lliniT'a  M 

M  •  *  jHbraa  Totam*^. 


la  M 

•17 


tiV  Tba  HiiilBiai  Daeanaaat  of  ihe  f^aaonata  la  f«ar 
laaadal  lalvaau  la  Ma*  Yart  Cllr  >>;  Mr.  Prad.  W.  Joaaa. 


WILL  IB8CIPTI»<I  BRI3I6  fl  1  PIRIC? 
Some  of  oar  inflationist  friends  are  very  poHitire  in 
their  answera  to  tbia  qncMtion.  T^tj  affirm  that  all 
attempt*  we  maj  hereafter  make  to  approach  specie 
paymenta  miut  of  necemty  tend  to  bring  on  more  or 
loBB  of  oomnercial  revnlnion  and  to  precipitate  a  finan- 
eial  panic.  When  aalced  for  their  reaaonii,  thej  tell  as 
that  rmamption  cannot  be  reached  except  through  cnr^ 
rency  contraction.  Thia  ia  very  true,  but  it  docs  not 
help  them;  for  the  univeraal  experience  of  the  commer- 
oial  world  proves  that  contraction  of  the  oarrency  seldom 
if  erer  prodnocs  a  panic  in  modem  timw.  The  fact  is 
jn»t  the  opposite.  Cnrrency  contraction  docs  not  produce 
panic  ;  bnt  a  panic  very  often  prodaces  a  scarcity  of 
onrrency;  beoanse,  in  a  panic,  erery  man  is  anxions  to 
hoard  that  which  will  pay  his  debts.  The  economy  of 
cnrrency  which  is  nsaally  practiced  in  basincM  is  Ktopped 
nnder  the  inflaenoe  of  th«  general  alarm,  and  currency 


goes  to  a  premium.  But  this  temporary  spasm  of  terror 
soon  passes  off,  and  monetary  transactions  begin  to 
resume  their  old  channels.  The  theory  of  the  inflation- 
ists on  this  subject  is  founded  on  two  simple  errors. 
First,  it  arises  from  a  confusion  of  thought.  It  con- 
founds the  contraction  of  onrrency  with  the  contrac- 
tion of  credit,  which  is  a  phenomenon  of  a  very  dif- 
ferent nature.  The  Btnk  of  France,  as  we  lately 
showed,  offers  us  a  very  interesting  illustration 
of  the  contraction  of  the  currency.  Within  a  few 
months  its  notes  fell  from  3,012  millions  of  francs  to 
2,475  millions.  Here  was  a  contraction  of  the 
currency  amounting  to  more  than  100  millions  of  dollars 
U-tween  November  1873  and  Juno  1874.  But  there  waa 
no  pania  Not  a  cloud  crossed  the  financial  horizon. 
Money  waa  easier  at  the  cloae  than  at  the  beginning;  and 
why  was  this?  It,  as  our  friends  tell  us,  currency  con- 
traction always  brings  monetary  trouble  and  cannot 
exist  without  it,  the  experience  of  France  in  1874  is 
wholly  inexplicable.  But  we  need  not  go  to  Europe  for 
an  example  of  the  inability  of  currency  contraction  alone 
to  bring  on  a  panic.  Ten  years  ago  our  own  country  was 
in  the  midst  of  an  experiment  of  the  same  kind.  We 
found  ourselves  obliged  to  contract  our  currency  at  the 
close  of  the  war.  In  September,  1866,  the  legal  tender 
currency  amounted  to  $684,138,049.  Of  this  sum  217 
millions  were  compound  interest  notes,  34  millions  were 
5  per  cent  legal  tender  notes,  and  433  millions  were 
greenbacks.  Within  a  few  months  nearly  the  half  of 
this  mass  of  legal  tender  paper  was  withdrawn  and  still 
during  the  firat  year  of  this  contraction  period  when  the 
chief  part  of  the  contraction  was  done,  there  was  no 
monetary  trouble ;  the  stringfency  did  not  come  on  in  the 
United  Sutes  from  the  qontraction  of  1865  and  1866  any 
more  than  it  did  in  1874  in  France.  What  was  the  cause 
of  this  exemption  ?  Have  we  any  explanation  of  the 
myiliiyr^On  inflationist  principles  the  problem  is  a 
difficnlt  one.  But  the  difficulty  vanishes  in  a  moment 
when  we  rpcognir.o  the  fact  that  currency  contraction  ;>«• 
$*  has  no  power  to  produce  stringency,  and  that  when- 
ever monetary  stringency  follows  currency  contraction 
the  trouble  must  be  traced  to  some  other  canse. 

And  this  brings  us  to  notice  the  other  kind  of  contrac- 
tion just  now  referred  to.  We  mean  the  contraction  of 
ertdiL  In  this  contraction  we  have  the  true  cause  of  all 
panics.  So  long  as  currency  contraction  exists  alone  no 
stringency  arises  in  the  money  market.  This  explains  the 
reason  why  during  the  currency  contraction  above  re- 
ferred to  there  was  no  monetary  stringency.  The  money 
market  was  undisturbed  in  those  instances  becsnse  the 
currency  contraction  produced  do  contraction  of  credit, 


2(;4 


THE   CHRONICLE. 


iSeptomber  18,  1875. 


We  might  go  further  than  tlds,  and  say  that  currency 
inflation  will  produce  monetary  stringency  if  it  impairs 
confidence  and  disturbs  the  delicate  movements  of  the 
credit  machinery.  Mr.  MoCullooh,  in  one  of  his  recent 
letters  to  the  Tribtine,  gives  a  good  illustration  of  the 
principles  we  are  discussing.  After  describing  the  opera- 
tion of  the  law  of  12th  April,  1806,  which  provides  that 
the  contraction  of  the  currency  shouldnot  exceed  four 
millions  a  month,  he  says  : 

Some  time  after  the  curtailment  of  four  millious  per  month 
had  been  in  operation,  one  of  those  periodical  but  temporary 
stringencies  occurred  in  Wall  street  (such  as  would  occur  if  there 
were  a  thousand  millions  of  money  in  circulation),  and  this  strin- 
gency was  improperly  attributed  to  the  action  of  the  Secretary  in 
retiring  the  legal -tender  notes.  Mr.  Van  Dyck.  the  clear  headed 
and  judiciaus  Sub-Treasurerat  New  York,  who  kept  me  promptly 
advised  of  everythinpf  which  was  occurring  at  the  commercial 
centre  which  was  likely  to  afiFect  the  interests  of  the  Department, 
and  who  anticipated  every  possible  danger  therefrom,  informed 
me  that  there  were  indications  of  a  Wall  street  panic,  and  ex- 
pressed his  apprehensions  that  if  the  next  monthly  statement 
showed  that  the  usual  curtailment  had  been  made,  a  panic  would 
actually  occur.  The  apprehensions  of  Mr.  Van  Dyck  were  also 
expressed  by  other  valued  and  judicious  correspondents  in  New 
York,  and  although  I  knew  that  the  disease  with  which  the 
country  was  laboring  was  a  plethora  of  paper  money,  and 
that  there  was  then  no  real  cause  for  a  panic,  I  thought  it  wise  to 
give  heed  to.  the  warnings  which  I  had  received.  I  thereupon 
sent  for  Gen.  Spinner  and  said  to  him  :  "General,  our  friends  in 
■  New  York  advice  me  that  there  will  be  a  panic  in  Wall  street  if 
your  next  statement  shows  that  the  usual  monthly  curtailment 
has  been  made.  You  have  the  four  millions  for  cancellation  on 
hand,  and  have  no  occasion  to  use  them.  The  law  only  authorizes 
their  cancellation,  it  does  not  require  it.  Let  them  remain  where 
they  are  so  that  your  statement  will  show  them  to  be  cash  on 
hand,  and  not  notes  withdrawn  from  circulation."  This  course 
was  pursued,  and  although  the  four  millions  had  been  actually 
retired,  and  were  never  to  see  daylight  again,  except  to  be  counted 
and  burned,  the  report  at  the  end  of  the  month  indicated  that  the 
depleting  hand  of  the  Secretary  had  been  stayed.  Wall  street  was 
at  once  in  good  humor  again,  and  the  operators  for  a  rise  were 
relieved,  as  the  sensualist  is  relieved,  who  oppressed  by  his 
late  dinner  and  heavy  wines,  dreams  that  he  is  in  trouble  and 
w^es  up  overjoyed  to  find  that  his  dream  was  not  a  reality. 

A  Ijetter  illustration  could  scarcely  be  given  of  the 
great  maxim  of  financial  science  that  it  is  contraction  of 
credit  rather  than  a  healthy  contraction  of  the  currency 
which  produces  financial  distress  and  commercial  panics. 
But  we  must  leave  this  important  subject,  and  briefly  re- 
fer to  the  other  error  by  which  the  inflationists  are  mis- 
led. They  fail  to  comprehend  the  great  revolution 
which  modern  enterprise  has  effected  in  the  use  of  sub- 
stitutes for  money.  Cheques  now  take  the  place  of  cash, 
^  and  hundreds  of  millions  of  debts  are  cancelled  and  paid 
every  week  in  this  city  without  the  use  of  a  dollar  in 
actual  cash.  The  contraction  of  the  currency,  so  long  as 
there  is  no  contraction  of  credit,  will  do  little  else 
•  than  to  call  into  operation  some  of  the  thousand 
which  society  in  modern  times  econo- 
On  this  principle  it  is  that  Eng- 
the  prodigious  operations  of  her 
small  a  Tolume  of  cash.    Although 


economies 


by 

,  mizes     money, 
land    performs 
with 


commerce 


so 


England  is  at  present  the  great  clearing  house  of  the 
commercial  world,  the  volume'  of  money  with  which  she 
conducts  her  exchanges  amounts  altogether  to  a  smaller 
aggregate  than  the  present  volume  of  the  currency  of 
the  United  States.  Our  inflationist  friends  seem  to 
imagine  that  they  are  living  in  a  state  of  things  such  as 
existed  years  ago  when  payments  were  more  generally 
made  in  actual  cash,  and  when  banking  facilities  were 
not  so  extensively  developed  as  now.  Their  dread  of 
currency  contraction  should  be  transformed  into  a  fear 
lest  they  bring  upon  the  country  the  mischiefs  of  a  con- 
traction of  credit.  If  this  happy  change  could  be  made 
they  would  soon  see  that  the  present  inflationist  agita- 
tion in  this  country  is  raising  up  serious  obstacles  to  the 

■  revival  of  business.  It  is  threatening  us  with  worse  evils 
than  are  likely  to  be  produced  from  any  healthy  and 
moderate  contraction  of  the  currency  such  as  may  be 
found  a  needful  preliminary  to  specie  resumption  under 

.  the  existing  acts  of  Congress. 


RAILROAD  PBOeaESS  IN  GRUAT  BRITAIN. 

It  is  much  to  be  desired  in  railroad  statistics  that  the 
reports  of  various  countries  should  be  made  on  a  more 
uniform  method.  Economic  writers  have  often  proposed 
schemes  for  inducing  foreign  governments  to  agree 
upon  some  improved  plans  of  statistical  reports.  At  pres« 
ent,  however,  we  are  far  from  realizing  these  beneficent 
projects  either  in  the  statistics  of  railroads  or  of  the 
other  commercial  and  industrial  machinery  by  which 
modern  nations  are  so  rapidly  advancing  in  material 
wealth.  A  few  years  ago  the  reports  on  railways  of 
Great  Britaini  issued  every  year  by  the  British  Board  of 
Trade,  were  regarded  as  the  best  of  their  kind,  and  they 
possess  the  advantage  of  having  been  made  a  long  series 
of  years  in  the  same  form.  They  have  served  as  a 
model  which  other  nations  have  adopted  and  improved 
upon.  But  whUe  other  countries  have  thus  been  per- 
fecting their  statistical  methods,  the  English  railroad 
reports  of  the  Board  of  Trade  continue  to  be  issued  in 
precisely  the  old  form.  They  are  as  accurate  as  they 
were  twenty  years  ago,  but  they  are  also  equally  meagre 
imperfect  and  unsatisfactory. 

For  these  and  other  reasons  the  railway  report  of  the 
British  Board  of  Trade  just  published  has  been  received 
with  some  criticism  and  has  been  unfavorably  compared 
with  the  French,  German,  Swiss  and  other  railroad  reports 
issued  by  the  various  Governments  of  Continental  Europe. 
StUl,  vrith  all  their  imperfections,  these  reports  are  much 
in  advance  of  our  own.  For  reasons  well  known  in  this 
country  we  have  no  comprehensive  record  of  the  rail- 
road statistics  of  the  whole  Union,  although  we  have 
the  rudimentary  germs  of  such  a  system  which  are 
rapidly  developing  themselves  towards  perfection.  We 
have,  for  example,  in  Massachusetts  and  in  several  other 
States  admirable  systems  of  railroad  statistics  which 
are  fully  equal  to  any  similar  systems  established  abroad. 
What  is  needed  is  to  extend  these  improved  methods  to 
and  establish  them  in  every  State  of  the  Union  and  to 
have  them  report  to  the  Bureau  of  Statistics  at  Wash- 
ington. 

In  criticising  the  British  railroad  reports  it  is  only  fair 
to  say  that  some  minor  improvements  have  been  recently 
made.  Among  them  is  the  earlier  issue  of  the  annual 
statistics.  Formerly  they  were  not  published  tUl  a  year 
or  two  had  elapsed,  so  that  the  figures  for  many  purposes 
had  lost  their  value.  Now,  however,  they  are  published 
more  promptly  as  may  be  seen  from  the  fact  that  the 
report  has  just  appeared  for  the  year  ending  1st  January, 
1875.  The  railway  network  is  now  reported  at  16,449 
miles,  against  16,082  miles  for  the  previous  year,  15,814 
miles  for  1872,  and  15,376  miles  for  1871.  It  thus  appears 
that  the  increase  during  1874  is  fully  up  to  the  average 
of  recent  years.  The  financial  statement  of  the  British 
railroads  compares  as  follows  with  that  of  last  year  : 


FrNANCIAI.  OONBITION  OP  AMEBICAN  AND 

BRITISH  RAILWAT8. 

Close  of  (ft«  Tear. 

187<. 

1873. 

1874. 

1873. 

MUeage 

16,449 

16,082 

72,623 

70.681 

Total  cost 

$2,968,058,648   $2,863,064,779 

$4,221,763,594 

$3,784,543,034 

do.     per  mile. 

180,440 

178,029 

60,425 

60,057 

Grosi  receipts 

288,367,937 

281,011,067 

520,466,016 

526,419,935 

do.       p.  mile. 

17,531 

17,474 

7,844 

7,947 

Passenger  receipts. 

121,148.927 

116,093,275 

140,999,081 

137,381,427 

Freight  receipts .... 

155,761,tf64 

164,866,774 

347,016,874 

389,035,608 

Worklnc  expenses.. 

158,715,199 

149,663,860 

330,895,058 

342,600,373 

Net  earnings 

129,652,738 

131,847,207 

139,670,958 

183,810,662 

do.         p.  mile. 

7,882 

8,168 

2,610 

2,601 

Percentage   of   ex- 

p^npes  to  receipts 

5504 

53  26 

68-6 

65-1 

Percent,    of    pass. 

to  total  receipts.. 

4201 

41-31 

271 

80-8 

Percent'ge  of  f  rglit 
to  total  receipts. 

54  01 

5511 

64-8 

69.2 

Percentage  of  net 

eam'gs  to  capital 

4-37 

4-59 

4-50 

4-98 

Receipts  per  train 

mile  ran 

$l-3788 

$1-3768 

Septemtxr  18,   1616] 


THE   CHRONICLE 


2«5 


To  enable  our  readers  to  make  for  themselves  a  com' 
parativc  estimate  of  the  relative  position  of  American 
railroads  with  those  of  Great  Britun,  we  have  taken 
from  Poor's  Reports  the  financial  aggregates  of  our  rail- 
road system  for  1873  and  U74,  and  have  placed  them 
with  the  eorreeponding  English  tignres  in  the  foregoing 
table.  Among  the  numerons  lessonn  derived  from  these 
suggestive  figures  a  prominent  place  mast  be  given  to 
the  fact  that  the  net  earning  j(owers  of  the  two  systems 
are  almost  equal.  Tlioa  the  l>ritiijh  railroad  system  had 
net  earnings  of  4.37  per  cent,  on  its  cost,  while  the 
American  system  earned  4.50  per  cent.  In  the  gross 
earnings  of  the  two  systems  there  is  more  dbparity, 
the  British  network  of  railroads  earning  9.71  per  cent, 
on  its  cost,  while  the  American  network  earned  12.28 
per  cent.  It  will  also  be  observed  that  the  American  net- 
work reeaves  every  year  about  the  same  amount  for  pas- 
senger transportation,  and  more  than  twice  as  much  for 
the  transportation  of  freight.  Other  comparative  dednc- 
tions  will  easily  suggest  themxt-lvesto  those  persons  who 
wish  to  pursue  the  subject  further  than  our  space  permits. 
Toillustr.(tethe  great  diqwrity  between  the  earning  power 
of  the  various  English  railroadj*,  we  give  from  the  £aiL 
leay  NmM  the  following  table  showing  the  comparative 
earning  power  of  thirty-two  of  the  chief  British  Rail- 
way companies  upon  the  capital  iaveMed  : 


TlfVtlr. 

Marrport  A  Cafllato 

Un4on  a  Nofik  Wal«ra 


than  55  per  cent. ;  and  oven  this  sum  is  diminishing.  The 
effect  i)f  the  reduced  price  of  coal  and  of  the  other  econo- 
mies in  working  expenses  is  shown  in  the  advancing 
prices  of  British  railroad  shares  at  the  London  Stock 
Exchange.  A  few  nionth&  ago  the  increased  expenses 
of  the  railroads  provoked  a  "  bear  raid"  at  the  Stock  Ex- 
change, from  which  there  has  been  of  late  a  sharp 
recovery,  founded  upon  the  facts  we  have  just  referred 
to.  Thi.s  movement  extends  to  nearly  all  the  leading 
railways,  and  suggests  an  explanation  of  the  demand 
which  u  gradually  springing  up  for  our  best  railroad 
securities.  To  show  the  growth  of  the  Britbh  railroad 
system  .during  the  laiit  ten  years,  wc  give  the  following 
table  containing  the  chief  aggregates  reported  from  1865 
to  1874.  It  appears  that  during  the  decade  the  English 
network  of  railroads  has  been  increased  by  3,300  miles, 
or  less  than  the  average  yearly  aggregate  of  the  United 
States  during  the  same  period.  This  is  shown  by  the 
fact  that,  at  the  close  of  1865,  we  had  in  the  United 
States  35,085  miles  of  railroad  in  operation,  and  at  the 
close  of  1874  72,623  miles.  The  addition  in  the  ten  years 
was  37,538  miles,  or  3,753  miles  as  the  average  for  each 
year : 

or  THB  BBiTua  B^njoii)  nrvoBK.  186&-1874. 


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■ATBVor  SXrHANOII  AT  LOnOON.  AND  ON  LONDON 
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CZOBANgiAT  LONDOM— 
SVmiBfcKJ. 


This  valuable  table  proves  the  truth  of  a  remark 
which  we  have  often  had  oceMJoa  to  make  in  reply  to 
our  foreign  critics.  We  have  ■^■■wl  that  the  British 
system  of  raihroads,  riewed  in  aooM  of  its  aspects,  was 
not  much  more  prosperons  than  our  own.  This  is  per- 
feetly  true  in  regard  to  the  prcMOt  earnings  and  the  fu- 
ture prospeets  of  several  of  the  chief  lines.  The  above 
table  shows  that,  although  upon  the  average  the  British 
railroads  earn  neariy  10  per  cent,  gross  on  their  capital, 
yet  there  an  a  great  multitude  of  the  British  roads  that 
fall  below  the  geneaal  average.  It  must  also  be  remem- 
bered that  the  average  gross  eamiags  of  oar  American 
roads  are  12  par  cent  on  their  total  ooet,  while  those  of  the 
Britiah  road*  are  S  per  cent,  lower,  As  to  the  operating 
expenses  of  the  two  systems  there  is  a  wide  disparity. 
Our  Ameriean  system,  for  obriona  rraaons,  has  to  bear 
tbe  burden  of  heatji  expensM^  aaoantiBg  to  63  per 
oaok,  while  the  Brfti^  system  fa  wri|^tad  with  no  more 


trrom  oar  owb  eon«(poB4«nt.1 

liOVDOK.  B»tard»T.  Sept.  4,  187B. 
There  hw  been  ■  »ll?lit  Ineraaae  In  the  demand  for  money  during 
ttie  pMt  week,  owing  partly  to  the  payment  of  the  dividends  by 
MMM  ol  tbe  leading  railway  compani«, bat  the  supply  UatiU  very 
•bnodaDt,  and  no  material  chanfre  has  taken  place  in  the  rates  of 
dtooanl.  The  official  minimum  remalna  at  2  per  cent,  while  in 
the  op«i  market  the  beat  three  montha'  bUU  are  rtlll  taken  at 
IKSlf  P«f  wot-  O""  caution  continues  to  be  displayed  in  every 
branch  of  buninew.  and  the  banks  and  discount  houses  are  only 
inclined  to  take  the  beat  descriptions  of  paper.  The  prices  of 
aecoritiea  of  acknowledgwi  repute  and  aoundneaa  continue,  there- 
tor*  to  advance,  but  the  public  are  still  shy  with  retfard  to  apecu- 


2H6 


THE    (nmOMCLK 


iSeptembar  18  1875, 


lative  Slocks,  in  which  they  have  during  the  laat  few  jetrs  lost  so 
much  money.  At  the  present  time  it  is  difficult  to  penetrate  the 
end  of  tliis  condition  of  afTairti,  and  the  proHpect  seems  to  be  that 
a  considerable  proportion  ol  our  surplus  capital  will  be  temporar- 
ily absorbed  by  the  higlier  prices  almost  daily  being  paid  for 
sound  dividend-paying  securities.  British  railway  shares  have 
now  attained  a  value  which  is  certainly  dangerous,  and  from 
which  there  must  be  a  considerable  reaction  when  money  can  be 
more  profitably  employed  elsewhere.  Most  of  our  railways  yield 
less  than  four  per  cent  interest  per  annum,  and  those  who  are 
buying  at  present  prices  are  rurnipg  the  ripk  of  losing  all  their 
interest  in,  what  seems  to  most  people  certain,  a  heavy  fall  in 
prices  when  money  is  employed  more  profitably  in  commerce,  or  in 
the  investment  in  bonds  yielding  a  better  return  o(  interest.  The 
qaotatiuDS  for  money  are  now  as  follows  : 

•  fercenl.  |  Per  cent. 

Bank  rate i     i     4  months' bank  bllln IXiaiJi 

Open-market  rates:  8  monthB' bai>k  bills 1Xa«)i 

30  and  eodiys' bills lumH  \  4  and6  montba' tradebllls.  S    @S>» 

S  mon'.os' bills IXauJ  . 

The  rates  of  interest  allowed  by  the  Joint-BtocK  uanks  and  dis- 
count bonse4<  for  deposits  are  as  follows : 

....     .  ,  Per  cent. 

Jointstock  banks la.. 

Oisconnt  bouses  at  call !!.!!!','..'.'.,!!!!!!!.  1    &.'.. 

Discount  houses  with  7  days'  notice .'.  l)4&' ... 

Discount  houses  wlthU  days' notice... i}i<& 

Annexed  is  .-i  statement  showing  the  present  position  of  the  Bank 

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

the  average  quotation  for  English  wheat,  the  price  of    Middling 

Upland    cotton,    of   No.    40    Mule    yarn    fair    second    qualiij , 

»nd    the    Bankers'   Clearing    (louse   return,  compared  with    the 

four  previous  years  : 

.,,...                ,   _,,          1871.  1878.  1878.  1874.  1875. 

Olrcniation,   inclndinn       £  £  £  £  £ 

bank  post  bills 85.6.31.434  86.903  190  86,778.545  87.8.31.6*3  58.651,386 

Public  deposits 5,48-.,935  7,8!-6,805  6,876,541  4.625,48b  4.093,9!)^ 

Olher  deposits ai.J0S,iS5  19,VW.7i'0  S1,.HI5.520  19.002.M6  8.5,010.195 

UoTernment  securities.  :.1,7«H,3'i8  1:1.356,411  18,800,.3ii8  U.16»,876  13.591.139 

Other  securities 16,860.092  80.930,994  20,356,169  17,597,576  18,389.788 

tteserve   of  notes  and 

coin 14,727,040  11,703,475  18,760.833  ll,168,e08  15,739,808 

Coin    and  bullion   ic 


both  departments. 

Bank-race 

Oonsols 

Knglish  wheat 

Mid.  Uplandcoiton 


84,816.585  8.3,149,860  84,067,463  88,983,677  89,038,898 

i  p.  c.  3>tf  p.  c.  3}ip.c.  3  p.  c.  8  p.  c. 

93X  Jix.            98>f  98X.  94X. 

57s.  id  69s.  Od.  62s.  5d.  548.  6d.  62s.  9;;. 

9Md.  lOd.           BHi-  8  l-16d  *7  3-16d. 


No.40  mule  yarn  fair  id 

quality Is.  SJfd.     la.  IVd.     Is.  lj<d.       Is.  OJ^d.         *11Vrt- 

Clearing  Rrinne  return.ll5,536,()00  124.328,000  l«i,481,000  186,179.000  115,700,000 

♦  Prices  Anaust  26. 

The  rates  of  money  at  the  leading  cities  abroad  are  as  follows  : 

Bank  O^en       !  Bank     Open 

rate,  market.  |  rate.   mHrket 

per  cent,  per  cent.  )  per  cent,  per  cert. 


Paris 

Amsterdam 

Hamburf; .   . . 

Berlin 

Frankfort 

Viennnand Trieste..  . 
Madrid,  Cadiz  and  Bar- 
celona  

'.ilsbon  and  Oporto. .  . 
St.  Petersburg: 


6 
5 
4>i 


3X 

8 

4¥ 

iii 

4J» 

4M 

6@8 

3X 

5 


I  Brussels 

I  Turin,  Florence 

I     Home 

I  Bremen 

1  Leipzig 

I  Qenoa 

I  Geneva 

]  New  York 

Calrntta 

I  Copenhagen.     . 


and 


5 


iH 


5  *x 

6  4X 
i>i  3X 

....  i)i<ii6H 

6t<  .... 

6  5 


There  has  been  a  moderate  inquiry  for  gold  for  export,  and  as 

there   is  now  a  considerable  supply  of  American    eagles   at  the 

BanI;  a  small  portion  of  these  has  been  taken  out.     The  demana 

is  chiefly  for  Holland,  and  is  by  uo  means  exttntive.    The  decline 

in  the  New  York  exchange  to  4.85^  has  also   attracted   attention, 

and  no  further  shipments  ol  bullion  of  importance  are  expected 

from  that  port.     Silver  is  firm,  and  the  quotations   have  had  an 

upward  tendency.     The  prices  of  bullion  are  as  (ollown  : 

eouj.  s.    d.       s.  d. 

BarQold per  oz.  standard  77    9    ®  ... 

BarQold,fine_ per  oz.  standard.  77    9    @     . 

Bar  Gold,  reflnable per  oz.  standard.  77  11    8  .... 

Spanish  Doubloons per  oz.  .   ...     ^  .... 

Bonth  American  Donbloons peroz ^ 

Dnited  States  Gold  i''>'"  peroz.  76    3X3''6    4 

BILVBR.  s.     d.         8.      a 

Bar  Silver,  Fine per  oz.  standard.      56Ji      @  

Bar  Silver,  containing  5  Krs.  Gold per  or.  s  andard.  57  3-16®  .  .. 

Mexican  Dollars per  oz.,  la^t  price  .        jj  

Bpaninh  Dollars  (Caroms) per  oz.  none  here       @ 

Five  Pranc  Pieces Der  oz.  @    ... 

The  Credit  Foncier  Company  of  England  (Limited)  has  been 
reported  to  be  in  difBcul'ies  this  week,  and  for  a  time  some 
uneasiness  was  felt.  It  ap;iears  that  that  undertaking  has  a  large 
amount  of  its  capital  locked  up  in  securities  not  easily  convertible 
and  upon  which  the  banks  are  unwilling  to  make  advances.  The 
company  has,  however,  some  uncalled  capital,  and  a  circular  has 
been  issued  ihis  week  making  a  call  of  £3  10s.  per  share  on  the 
new  sliares,  payable  in  two  instalments.  The  circular  states  that 
"  in  the  present  siate  of  public  credit  the  directors  feel  themselves 
compelled  to  make  tins  call,  in  order  to  carry  on  the  business  of 
the  company  without  being  so  dependent  upon  tfntside  assistance 


as  they  have  hitherto  been.  The  directors  would  have  been  glad' 
to  avoid  this  course,  bat  a  due  regard  for  the  interests  of  the' 
holders  both  of  old  and  new  shares  has,  under  existing  clrcnm 
stances,  lelt  them  no  alternative."  The  company  was  started^ 
some  years  ago  by  Mr.  ilbert  Grant,  and  was  to  have  been  carried 
on  upon  similar  principles  to  the  Credit  Foncier  of  Paris ;  but  the 
English  institution  seems  to  have  generally  got  itself  mixed  up 
with  undertakings  whose  prospects  were  doubtful,  or  which 
required  many  years  to  develop.  The  shareholders  have,  there- 
fore, bad  a  very  unfatisfactory  return  for  their  money. 

Tenders  for  £700,000  in  bills  on  India  were  received  at  the 
Bank  of  England  on  Wednesday.  The  amounts  allotted  were : 
To  Calcutta,  £48'J,700 ;  to  Bombay,  £203,300 ;  and  to  Madras, 
£13,700.  Tenders  on  all  the  Presidencies  at  Is.  9  11  16d.  will 
receive  about  7  per  cent.,  above  in  full.  There  is  a  slight  falling 
off  in  the  demand  for  remittances  apparent  from  these  figures. 

There  has  been  some  irregularity  in  the  stock  markets  ;  but, 
taken  as  a  whole,  the  tone  has  been  firm.  British  railway  shares, 
at  their  present  high  prices,  are  naturally  a  sensitive  market,  but 
the  tendency  is  nevertheless  in  an  flpward  direction.  Turkish 
stocks  have  been  very  depressed,  and  have  experienced  a  heavy 
reduction  in  value,  and  Egyptian  are  also  weaker.  Peruvian 
exhibit,  however,  a  slight'  recovery.  United  States  and  Russian 
government  bonds  have  been  very  firm,  and  for  American  railroad 
bonds  there  has  been  a  steady  inquiry  at,  in  several  instances,  a 
further  improvement  in  the  quotations.  Panama  general  mort- 
gage bonds,  which  declined  heavily  on  the  statement  that  the 
State  of  Panama  had  declared  war  against  Colombia,  have 
recovered  during  the  present  week.  Today  is  a  holiday  In  the 
Stock  Exchange,  the  establishment  being  closed  for  further 
repairs.  Yesterday's  closing  prices  of  Consols  and  the  principal 
American   securities  compare  as  follows  with  those   of   Saturday 

last : 

Kedm. 

Consols 

United  States,  6s... 1381 

Do       5-30years.  6s 1888 

6s  18S4 


Sept  8. 
94X@    .... 


Do 

Do       6s 1885 

Do       «s 1885 

D.  8.  1867,1371.346,350  Iss.  to  Feb.  »7,'69,  68...  .1»87 

Do       58 1874 

Do  funded,  58 1881 

Do  10-40,58 1904 

Louisiana,  old,  68 

Do         new,  68 .. 

Do        levee,  8s 

Do  do    8b  1875 

Do  do    68 

Massachusetts  5s 1888 

Do  5s 1894 

Do  58 1900 

Do  58 1889 

Do  68 1891 

Do  Ss 1891 

Do  5s,  scrip  and  bonds..... 1895 

■Virginia  Btock  6»* .  .. 

Do  New  fundei  68 1905 


Ang.  2g. 

»4J»d»4K 

109>t®lIO^ 


106 
106 
108 

l6.V 


@10f« 
@I07 
@108V 
.@  .... 

tl16>* 
105>f 
.@  .... 
.®  .... 


kl05« 
&10& 


as 

8,5 

1(12 
108 
102 
102 
168 
108 
10-2 
33 
68 


®  35 
@  85 
®104 
@I04 
@104 
®in4 
(Skl04 
®104 
@10< 
®  36 
@  60 


65 


AMBBICAN  I)OLI.AB  BONDS  AND  BnARBS. 

29     @  31 
13     &  15 

5>i@    6X 
48    @  so 
80    ®  92 


Atlantic  &  Great  Western  1st  M.,  tt.OOO,  78.. .1908 
Do  2d  mort,  11.000, 7s.. 1902 

Do  3d  mort.,  $1,000 1908 

Atlantic  Missis'^lppi  &  Ohio,  Con.  mort.,  78 1905 

Baltimore  &  Potomac  (Main  Line)  let  mort,  6s.  1911 


do  (Tuunel)  let  mortgage,  68, 

(guar,  by  Pennsylvania  &No.  CenLRallway).1911 

Central  of  New  Jersey,  cone.  mort..  7s 1899 

Central  Pacific  of  California,  Ist  mort.,  68 1896 

Do  California  &  Oregon  Div.,  Ist 

mortgage  gold  bonde.  Ks 1892 

Detroit  &  Milwaukee  let  mortgage,  7^ 1875 

Do  2d  mortgage,  8s 1875 

Erie  $100  shares 

Do  preference,  7b 

Do  conveitibte  gold  bonde,  7e 1904 

Galve(*ton  &  Harrisburg,  Ist  mortgage,  68 1911 

Illinois  Central,  $100  ehares  

Lehikh  Valiov,  consolidated  mortgage,  6s 1923 

Marietta  &  Cincinnati  Railway,  78 1891 

Missonri  Kaneae  &  Texas,  let  mort.,  guar,  gold 

bonde,  English,  78 19C4 

New  York  Boston  &  Montreal,  78 1903 

Hew  York  Central  &  Hudson  Kiver  mortg.  bonds.. 

New  York  Central  $100  shares 

Oregon  A  California,  1st  mort.,  7s  1890 

do       Frankfort  i  ommit'e  Receipts,  x  coup.      24 

Pennsylvania,  $50  Bhares  46 

Do.  let  mort.,  68 J880 

Philadelphia  &  Ueading  $50  shares 61 

Pittsburg  Fort  Wayne  &  Chicago  equipment 

bonds  (guar,  by  Pcnneylvania  Co.).  to 

Union  Pacific  Land  Grant  l.st  mort.,  78 1889 

Union  Pacific  Railway,  let  mortgage,  6's 1898 

AMERICAN  STEBLINO  BONDS, 

Allegheny  Vsllev.  guar,  by  Penn.  R'y  Co., . . .  1910 
Atlantic  &  Gt.  Western  coneol.  mort.,  BlschofT. 

certs,  (a),  7s 1890 

Ailantic  &  Gt.  'tV.,  re-t-rganization  rcrip,  7s..  .1M74 
Do  do.        1 -n  -d  lines  rental  trust,  7s.  1902 

Do  do.  do.  1873,78.1903 

Do.  do.       .*!  .oiern  exten.,  Ss  .1876 

Do.  do.  do   7b,  guar,  by  Erie  R'y. 

Baltimoie  i,  Ohio,  68 1895 

Do  68 ....1908 

Do.  68 1910 

Burlington  Cedar  Rapids  St,  Minnesota,  78 1908 

Cairo  £  Vlncernee,  78 1909 

Chicago  &  Alton  sterling  consol.  mort.,  lis.  ..  1903 
Chlci^so  &  Padncah  Ist  mort.  gold  bonds,  78. ..1902 


86    (^88 
96>ifa  97X 
98    ®  94 

81  &  85 
35  (S  45 
.35  @  45 
143<a  14X 
30  %  38 
39  @  41 
65  (a  75 
88  ®  89 
88>ia  89>i 
98    @I00 

42  @  46 
....®  -.. 
105>s@106X 
93  @  95 
26  (A  28 
-  @  26 
&  46 


48 


99 
90 
91 

'91 

5 

43' 
20 
30 
30 
106 
lOi 
108 

48' 

112 

75 


@  53 

(aioi 

@  92 
(&  93 

@  98 

®  7 
.@  .. 
@  48 
<&  24 
@  35 
(3  40 
®10T 
©107 


(S!03 
@  92 

®  94 


0  52 

©103 
©80 


*  Kz  6  coupons,  January,  ms,  to  Jnly,  1874,  indnslva. 


gS«ptember  18,  1875.] 


THE   CHRONICLK 


2B7 


Clrrelud,  Oo^anbu,  CIn.  M  Ind.  eoo.  mort 

Kutarn  Railway  of  MaMacliaMiU,  b , 

Xrta  otmvartlbie  bond*.  «■ 

Dix  eon*,  mod.  fur  coar.  of  eiUtinfr  boodt.'t 

Do.  aeeood  mart,  '<  

Oilman  Otiatoo  A  Sprinfileld  Ut  mon  guld.la. 


nitaoia  *  SI.  Luala  Bridge  :k  mart.  Ta 
Da  do.  9d  nort.,  7a. 

miaoto  Oaatial.  daklac  food,  Sa 

Do.  do  (a. 

minola  Mlaaoari  *  Teiaa  Ut  mort.  U.. 

Lakick  VaUvT  eon-ol.  mort.  "A,"  • 

UmlaTilWANaahrtUa,  «a 

McapUa  *  (Hlo  lat  iMan.  Ta 

MUwaokae  *  8<.  Paol.  lal  mart  Ta.  

Haw  Tork  M  Canada  IT  way,  icaar.  by  the  Dela- 
ware j^KadaiJi  Oaaal  aoip,  (a  VOt 

H.  T.  Ciltnl  *  Badaon  Mr.  sort,  booda,  «a..llli 

IlonkaraCaMralR'way.  cooaoL  mart.,  6a...    IIU 

KKBSStrrr.'':;;. ::::;::.::.::» 

Faaaaytraala  aaaaial  mart,  (a UM 

Do.  eooaoLalnk'Kraadmort  6a...  .Ml 

rmkliiaM  na.  aort.  (Jaaa  *19  nar.  by  PblL 

*  B*r«-g.  f*  7 I 

Phil.  A  Irte lat mart.  (xvar.  by  P«,n.RR.iis«'..nn 

Do.         wllb  0|>lloQ  lu  ba  paid  la  Phil.,  6a 
Fha  *  aria  MB.  mun.(nar.  tif  Paan.  RU.>a>. 
>  Haaitla^  MaaraTeonaoL  mar 


Sept.  S.  Aug.  98. 
89    9  84  S«    AN 

tarn   99  Sin  ioim9io*j< 

MS     n    ATO  66    Sis 

19N     6S    S  (8  SS    S  70 

18M    S4  A  as  34  9  at 

«    StO  (5    tSTO 


90 
90 
9«M 
109 


88    990 

56  Sao 

9IM9  9S3f 
106    9108 

lin" 


lOSJi    109 
89         87 
100         98    9lOS 
88 


M9  a 

1104 

109    9104 

M8XI 

lOOy 

icsxf  looy 

asKi 

mn 

«8    (  i89 

98    ' 

109 

90    1  t96 

U 

,78 

74    1  t  78 

MS  I 

JOS 

166    <  JOS 

*>  a 

IK 

9«M9nx 

99 
Ml 


Ph«L* , 

Da  fiV'mart.,ai 

Da  BB.  mort.,  IBM.  aerip, 

8o«k*Ha(«hiSbiiaaboa4k9a....  . 

St.  LaaWTnaal  lot  mart.  Oeaar.  by  the  lUioola 


*  Bl.  LOBia  BHdp  Oo)  9a  . . 

..    _  ..         OmahaBHdte,! 

wayaadCnal, 


Daloa  PacUe  Rtllway,  ( 

~  rbU 


Unllad  Maw  Jaraoj 
Da  do. 


9«    998 

100  (  am 

ilOI         89    (  401 

asK    mxn  88» 

—         107    (  M9 
ieiM(  I109M 

K    U99 

«s>      as  987 

lis 

.  w 


Ml     88   91S         90    999 

8  MS  9I9S     lOTvfin; 

M    MS   9106        l«7Jt9i08J 


lOW 

1J< 


Bri( 

do 

da    ~     da  6a IM    MS   9l06 

The  trade  for  wheat  darint;  the  week  baa  baaa  qaiet,  but  for 
ohoice  qoalitiea  of  prodnoe  iall  nt«s  bairo  been  demanded.  Infe- 
rior produce  baa  (old  alowlj  at  barely  prariooa  quotatlooa.  The 
following  la  Mr.  Jamea  Sandenon'a  account  of  the  harreat : 

The  preaent  rear'a  crop  la  mnre  worthy  of  attention  than  that 
of  laat  year.  Wheat  got  a  moat  favorable  ae«d-bMl,  brairded 
healthily  and  Tigorooaly,  atood  the  Winter  well :  altogether,  la 
ita  early  augea.  fava  promlae  of  a  good  emp.  Norwiibalandiaff 
tlie  larorable  weather  in  March,  it  tiller«d  badly,  and  by  the  end 
of  May  it  waa  eTideot  thai,  on  liirlit  aoila  eapeeially,  it  waa  thinly 
planted.  Th>  excraaire  rainfall  darlog  the  end  of  Juoxandbe- 
glnniog  o(  Jaly  lamed  the  acalx  in  faror  of  light  axila,  aa  the 
•troog  land  crope  got  mated  nod  aasumed  an  anhaallby  hoe.  Ii 
waa  erldent  that  many  spikel-ta  woald  prove  abortire,  aa  the 
bloom  never  aet  apon  lh«-m,  and  it  la  worthy  of  notice  that  In 
ahaltared  ailaaiiona  the  ijoom  fad>-d  too  quickly  So  early  aa  the 
19th  of  Joly  laat,  1  elated  tfaai  the  wheat  erop'waa  much  niated, 
tbal  the  yirid  would  b*  defldent,  the  qoality  inferior,  and  thai 
the  wheat  area  would  prvra  to  be  under  the  average.  I  regret 
that,  after  oix  weeka' further  lj>;'<  tion  of  a  large  area  In  the 
Houthera,  EiMtam  and  Midland  ountiea,  t  cannot  writ*  more 
favorably  of  the  wbrat  crop.  The  l>rlUiant  harvoM  weather  dur- 
ing thr>  laat  month  haa,  dnubtleaa.  dooa  moefa  to  imlaa  the  bllea 
Bleoia,  to  check  the  progruaa  of  rual.  aad  ■ItlfW  th*  iiffccla  of 
•mMasd  mildew  ;  hut  tt  eoald  n»i  cMvthvMMtM  ofsad  by 
Jaly  mix*  ••»— nd  ahrivelled  grainsi,  or  Iwytoro  eropa  alraady 
dead  fr  it   not  malured.     Tiia  h«MU   are  go«rrally  not 

only  d*- :  it  almoet  all  bea<ia  xroora  oa  atrong  aoila  laeum- 

beat  on  clay  have  aeveral  thio,  hal f  devalopad  vraina.  The  moat 
blighted  flelda  I  have  aeen  are  oa  the  rich  chalk  loam  ol  Eaat 
Keal,aBd  in  many  dlotrleu  blight  U  m  btd  on  alaadlag  aa  o« 
laMegopa.  Happily,  tbM«  are  dl«ria»«Wck  haw  aaea^  tb« 
dlnaaai  '  >■"  -  -»■-'-.)  to,  and  1  havt.  naaa  a  oooaMerabla  ataa  In 
Berka,  Beda  which  will  ytoM  aa aTeraga  crop  and 

ofexo-  itivftu  and  aome  of  the  harder  red  variatiea 

are  leaat  nuldewed,  while  blight  la  the  white  varietlaa  la  all  but 
noiveraal.  The  pecaliar  Mummy  or  Egyptian  wboat,  of  which  a 
oooalderabia  breadth  haa  been  »owa  thia  year,  haa  aufferad 
severely,  and  la  evideatly  not  aulinl  for  a  wotsoaaoa— lu  bydra 
haada  beiag  only  raeapuelea  for  moiatafaaad  laaact  Ufa.  Harreat 
aommaaoad  aboal  tea  data  later  than  la srtlaarjr  swiniii.  eattiag 
asada  lapld  progreaa.  aad.  notwitliatandlag  tha  preraleaee  of  the 
beaiaa-dowa  aad  twialad  arope,  mr.-  r  haa  auch  an  ext^oalTe  area 
baaa  eat  la  ao  short  a  tlaa.  It  tl»  brilliant  weaihrr  cootinura  to 
the  end  of  tbia  week,  oaa-balf  nf  the  oataal  cropa  la  England  will 
have  been  aaeared  la  tha  llarat  nesslMa  ooaditioo.  In  the 
majority  of  laaMaeea  the  yield  <-f  thnahc4-oat  Belda  has  baaa 
diaappoiniing.  A  aeld  aaar  UoIehn>t'r  waa  aalmatad  bsiora  belag 
eat,  at  •  q  re.  per  acre,  bat  yietdeil  only  4  qia.  A  larga  laid  in 
Eaat  Kent  which   had   aufficieot  i-lraw  tor  8  qra.  yielded  only  84 

am.  I  have  aern  t  qra  per  acrr,  ot  good  quality,  thflkabed  out  lo 
erka;  but  the  general  yield  in  that  ooanty  la  from  Ave  to 
eight  aacka  per  aere.  la  Northamptoaahlre  3  qra.  per  acre 
haa  baaa  prodaead.  bat  la  the  aama  eoaaty  a  Bald  ot  aballow 
bes  soil,  laeambaat  on  ralcareooa  grit,  yielded  oaly  19  bnshela 
•ere,  Tha  yield  will  prove  lo  exeoae  of  tha  defleient  eropa  of 
I8C7  and  1873.  aad  may  be  ukeo  to  be  18  per  tsat  under  average. 
The  quality  ta  exceedingly  variable.  Some  asaplea  are  larae  in 
the  grain,  of  good  eolnr,  and  weigh  83  Iba.  per  buabel.  The<a, 
however,  are  exceptional,  and  tlir  quality  generally  la  Inferior, tha 

Kiln  being  tbin  aad  ebrivelled,  bat  the  ooadltion  excellent, 
rley  aafferwd  eqaally  aa  much  aa  wheat  from  the  exoreaive  rain- 
tall.  It  prnanlsad  ap  to  the  beginoiog  of  Joaa  to  be  a  very  great 
crop,  but  aubaeqnenlly  got  ao  laid  aad  Interwoven  with  young 
clovers  that  the  quality  got  aerlnualy  damaged-  Aa  lo  yield,  It  ia 
fully  an  average  crop,  but  tbe  quality  la  grnerally  loferlor.  being 
diaeolnrrd.  cnarae.  and  thin  In  tlie  Wrry.  l  he  light  aoila,  eapeeially 
thoan  locumheaton  chalk,  are  ri>-l'liDg,  both  aa  r>-garda  quantity 
aad  qnaliiy.  the  bast  err>pe.  oii  account  of  the  general  failure  ol 
elovera  laet  year,  tha  barley  area  ia  ndnaually  large.  The  oat 
erop,  whiob,  having  brairded  oaaqoally  and  auArad  9aT«raly  from 


wireworm,  gave  early  anticipatiooa  of  being  a  miserable  one,  is 
""•r'y  an  average.  The  long  continued  dry  wxatlier  lias  checked 
the  progreas  ot  the  pouto  diitease,  and,  judging  from  present 
appearances,  an  avera^^e  yield  of  sound  potatoes  will  be  gathnred. 
winter  beans  are  above  average,  while  spring  beans  are  deticieot. 
Peaa  are  bulky  in  straw  an  1  well  podded,  but  the  yield  lias  been 
greatly  diminislied  by  sUrddiug.  Roots-  Turnips  and  mangolds 
are  a  fall  crop,  pastures  are  unasaally  luxuriant,  and  altogether 
the  proapeeta  of  an  abundant  anpply  of  autumn  food  is  most  cheer- 
ing. Unfortunately  the  prevalence  of  foot  and  moutli  disease 
prevent*  farmers  from  reaping  the  full  beneSt  ot  their  singularly 
rich  pastnres.  The  short  yield  of  the  first  crop  of  artificial  hay, 
especially  in  the  Eastern  couotie.'<,  has  been  partly  met  by  the 
heavy  yield  ot  tbe  second  crop.  I  have  seen  in  Kent  tbe  latter 
yield  30  cwt.  per  acre,  while  the  former  produced  only  15  cwt. 
Prieea  o(  beef  and  mutton  rule  high,  and  store  stock  of  every 
description  commands  prices  greatly  in  advance  of  those  of  laat 
year. 

The  Ajfrieuitural  GatetU  has  published  a  aeries  of  reports  from 
farming  correapondents,  of  which  It  gave  a  tabilated  estimate  on 
the  21st  ult.  The  following  are  the  figures  with  reference  to 
wheat,  barley,  oats,  beans  and  peaa  respectively : 

inTMBKR  AMD  CHARACTER  OF  CROP  RKP0RT8. 
CropBstaraa. 

Average 

Below  averaie 

Above  avaraga 


nieat. 

Barley. 

Gate. 

Beans. 

Peaa. 

17 

98 

71 

'ii 

70 

113 

89 

78 

57 

64 

14 

106 

48 

98 

66 

9)1 


8l5 


160 


178 


Total 

Bedadng  these  to  their  percentage  proportions,  we  have  the 
following  fignrea,  which  represent  the  proportions  of  the  several 
of  returns  in  the  hundred : 


Oata. 

Beans. 

Peas. 

as 

47 

89 

89  9-8 

asx 

9oy 

94K 

itH 

»H 

Crop  Bataraa.  Wheat.         Barley. 

Averaf* aS  43 

Balow  average STJf  lo 

Aborearanaa SX  47 

The  OmttU  saya : 

A  dirUer  lot  of  wheat  Belds,  more  knocked  about  and  laid— 
dusky,  Btainnd,  and  often  prematurely  dead — than  are  to  be  seen 
jait  now  all  through  StaSbrdahlre  and  Warwickshire,  si  far  as 
ihey  are  commanded  by  the  lloea  of  railway,  one  rarely  witneases. 
And  tbe  returns  of  our  oorreapondenta  from  the  southern  counties 
do  not  dsseribe  much  better  fortune  there.  01  the  returns  upon 
the  whole,  38  per  cent,  declare  wheat  to  be  an  average  crop,  374- 
per  cent.,  put  it  below  an  average,  and  only  6^  per  cent,  declare  it 
over  average.  It  will  be  aoen  from  tbe  above  that  the  barley  Is 
tbe  best  crop  of  the  year,  not  more  than  10  p-rcent.  of  the  returns 
putUag  it  below  an  average.  Of  oats,  th"  returns  are  very 
various,  and  divided  In  nearly  equal  pruportions  among  the  three 
elsssrs  In  which  we  have  arranged  them.  Beans  and  peas,  which 
promiaed  well,  have  been  injund  by  the  weather.  The  root  crop 
is  generally  good,  aa  in  a  wet  seaaon  waa  lo  be  expected.  The 
bay  erop,  ihnngb  heavy,  haa  been  badly  made,  ao  that  the  beat 
qualitiaa  will  be  eearee  and  dear. 

Tbe  deliveries  of  English  wheat  ia  the  ISO  principal  markets 
of  Eaglaad  daring  the  week  ending  Aug  28,  weib  only  29,718 
quartars,  agaiast  4S,IK)1  quarters  laat  year,  a  deficiency  of  14.188 
qaartars,  which  is  doe  in  agreat  measare  to  the  lateness  of  tha 
prssaat  ssaaon.  Compared  with  the  harvest  ol  1874  wheat  was 
gatharsd  la  aomewhat  earlier  than  usual.  In  the  whole  Kingdom 
It  Is  sstlmated  that  the  week's  aalas  were  110,000  quarters,  againat 
178,000  qnarters,  being  a  dimlaalion  ot  06,600  quarters.  Tha 
sassoa  ot  1874-75  may  now  be  eoasidered  to  be  oooclnded,  and 
tha  official  reinma  which  embraea  the  partlcutara  from  only  150 
ol  tha  principal  markets,  show  that  the  quantity  of  wheat 
oiarkelad  was  3,788X)C6  quarters,  against  9,308,800  quarters  in  tha 
pteoadlng  seaaoa.  The  dellvarias  nf  home-grown  produce  daring 
1874-S,  ahcw,  therefore,  an  Ineraase  of  nearly  800,000  quarters. 
Aeeording  to  the  osual  method  ot  computation,  the  aales  in  the 
whole  Kingdom  were  11,133,000  quarter;,  against  0,178,000  quar- 
tars, bsing  aa  ioereaae  ol  about  8,000,000  quarters.  Ample  evU 
daaee  Is  therefore  afforded  of  the  excellence  of  last  year's  crop, 
bat  It  la  feared  that  this  year'a  erop  is  much  abort  of  it,  owing 
both  to  a  dimlolabed  yield  per  aere,  and  a  deereaae  in  the  cultiva- 
tloa.  'TCs  rollowlag  ia  an  eatimate  of  the  supplies  of  wheat 
marketed  la  ihia  country  in  each  of  the  laat  four  aeaaons: 

'  18}44.         I8TS^.         1^9.8.         18T1-1 
ewt.  cwt  cwt.  cwt. 

00,001.008    41.»4,i00    4«,696,>KI0    69,107,000 

48,414379    4a,06:,0SI    46,980.686    89,847,841 


HaloaoClMllalipf 
Im  porta  afnniiga 

Total 9e,««l,S7»    84,883.081 

Dadactosport 947,086     9,8i9,t39 


80,SW.SM 
866,  81 


91,764,841 
9,911.438 


Basalt 98,961.781    S9.0»,789    88,i21.9i6    68,643408 

Daring  the  past  seaaon,  therefore,  the  deliveries  of  wheat  have 
exessded  those  of  the  previous  season  by  as  much  aa  11,000,000 
ewt.,  and  they  were  also  larger  than  in  any  former  year.  The 
average  price  realized  for  English  produce  was  44s.  6d.  per 
quarter,  against  618.  3d.  in  1873-4,  S7s.  Id.  in  1873-8,  and  S6s.  8d. 
in  1971-3. 

The  sales  of  English  barley  in  ths  whole  Kingdom  during  the 
season  amounted  to  7,475,000  quarters,  against  7,164,000  qaartera, 
the  average  price  obtained  being  40s.  8d.  per  quarter,  against 
4Ss.  9d.  in  1878^ 


268 


THE  CHRONICLE. 


[Septamber  18,  1875. 


The  following  return  sUowe  tbe  imports  and  exports  of  grain 
into  and  from  the  United  Kingdom  from  harvest  to  harvest  in 
each  of  the  last  four  seasons.  The  period  comprised  ia  from 
August  2S,  1874,  to  August  28,  1875,  and  53  weelcs  are  embraced 
in  the  preceding  years.  One  day's  importation  is  therefore 
omitted,  but  the  return  is  sulTiciently  complete  for  all  practical 
purposes : 

mFOBTS. 


Wheat 

Barley 

Oats 

Peas 

Beans 

Indian  Com. 
Plour 


1874-«. 
.CW1.4.S.41 4,872 

18,817.038 

11,183,903 

, 1.882,046 

2,984.497 

n,051,2tji 

....     B,714,101 


1878-4. 
43,087,031 

8,68:,6ST 
11,(B9.565 

1,460,685 

3,SSS,297 
19,644,498 

6.4III),15e 


187 J-3. 

45.980.BM 
13,009,424 
12,790.690 
1,441,198 
2,777.482 
8 1,636, 130 
6,547,913 


1871-S. 
89.317,811 
18,068,979 
10,915.414 

1,110.484 

3,273,898 
8J,7.38,08l 

3,860.6^3 


EXPORTS. 


865,331 
22,171 
26,866 
8,2i8 
2,533 
55,177 
41.886 


2,211,433 
17,590 
109.091 
10,412 
3.060 
30,3n 
85,161 


Wheat.. CWU  .    207,086  3,389,289 

Barley , 188.611  234,948 

Oats.. 83,416  130,019 

Peas 19,501  12,115 

Bean - 9,683  2,701 

Indian  Com ■ 47,719  14T,8«4 

Flour 69,052  248.461 

The  last  day  of  August  being  the  termination  of  the  cereal 
year,  a  general  stocktaking  was  made  in  Liverpool  on  that  day  by 
the  various  firms  engaged  in  the  grain  trade.  Tlie  following 
figures  show  the  quantity  on  hand  of  various  species  of  corn,  as 
compared  with  last  year's  stocktaking:  In  stock  31st  August, 
1875— Wheat,  535,716  qrs.;  barley,  17,303  qrs.;  malt,  2,948  qrs.; 
oats, 6,455  qrs.;  beans,  4,S36  qrs.;  peas,  13,713  qrs.;  Indian  corn, 
85,025  qrs.;  oat  meal,  3,959  loads  ;  flour,  305,063  sacks  and  34,344 
barrels.  In  stock  30th  June,  1S75— Wheat,  408,481  qrs.;  barley, 
28,406;  malt,  1,366;  oats,  6.993;  beans,  14,338;  peas,  17,524; 
Indian  corn,  67,447;  oat  meal, 9,145  loads;  flour,  174,351  sacks  and 
38,407  barrels.  In  stock  3lst  August,  1874— Wheat,  291,398  qrs.; 
barley,  3,150  ;  malt,  2,866;  oats,  3,303;  beans,  1,873;  peas,  3,857; 
Indian  corn,  139,438 ;  oat  meal,  14,339 ;  flour,  330,864  sacks  and 
94,511  barrels. 

The  latest  advices  from  Russia  regarding  the  crops  are  more 
satisfactory;  but,  taken  as  a  whole,  they  will  be  only  of  a  medium 
character.  There  will,  it  is  said,  be  a  strong  export  of  wheat  via 
Odessa  and  the  Black  Sea  ports,  but  only  a  moderate  export  of  rye 
and  barley. 

The  quantity  of  wheat  afloat  to  the  United  Kingdom  is  esti- 
mated at  1,187,800  quarters,  against  851,930  quarters  last  year. 

Messrs.  Hoare  &  Hudson  write  in  reference  to  the  wool  sales, 
that  up  to  Septembers,  the  following  quantities  of  wool  had  been 
catalogued : 


Sydney  and  Queensland 25.041  bales 

Port  Phillip 23,129  " 

Adeliiide 7.627  " 

SwanRiver 416  " 

Vau  Diemen's  Land 5.1i)l  " 

NewZealand 82.6n-3  '• 

Cape 2i,680  " 


Leaving  yet  to  be 
offiTed. 

27,169  bales. 

36,334     " 

7,076      " 

392     " 

6,990      " 

66,764      " 

37,227      " 


181,952  bales. 


Total 116,658  bales  

Less  15,000  sent  forward. 

The  small  attendance  of  both  home  and  foreign  buyers  noticed 
on  tbe  opening  night  of  the  sales  continues,  and  as  the  latter  are 
operating  very  sparingly,  a  flat  tone  prevails  and  prices  have 
further  declined.  Mt-dium  and  inferior  classes  and  balf-breds 
have  suffered  most,  ami  are  now  lid.  to  3d.  per  lb.  for  washed, 
and  Id.  to  l|d.  for  greasy,  lower  than  last  sales' average  rates, 
whilst  scoured ,  washed  and  greasy  combing  of  a  good  style,  and 
free  from  fault,  does  not  show  such  a  marked  decline.  Capes  have 
improved  sliglitly  the  last  few  days,  but  scoured  and  fleeces  are 
still  l^d.  and  greasy  Id.  lower.  It  is  arranged  that  the  sales  will 
close  on  Saturday,  the  3d,  instead  of  13th  October,  but  they  may 
be  even  yet  curtailed  a  day  or  two  more. 


EnsclUh  raarbiet  Reports— Per  Cable. 

Thedftily  closingquotationsinthe  markets  of  London  and  Liver- 
pool forthe  past  week  have  been  reported  by  cable,  as  shown  in 
the  following  summary : 

London  Money  and  Stock  Market. — American  securities  are 
somewhat  lower  than  they  were  on  Friday  last. 

The  bullion  in  the  Bank  of   England  has  decreased   £413,000 

daring  the  week. 

Sat        Mod.  Toes.  Wed.       Thur.        Fri. 

Consols  for  money p£  94  9-16  94  9-16      94  7-16    94  9-16  94  7-16 

"      account gS  94  9-16  94  9-16      9W         14  9-16  94X 

D.  8. 68  (5-208,)  1865,  old.  •S  §•  lOfi'i  106 ;i  106>J  106Ji  106)tf 

"         "  1867 ji"  108  lOS  107X  IWJi  107X 

O.S.10-40a as  105  105  105),  104^  105 

New  5s H-  105«  103  105  105  105>jf 

TL<3  quotations  for  United  States  new  fives  at  Frankfort 
were : 

U.S.newflves lOOJi         lOOV         100)< 

Liverpool  Cotton  Murkit. — See  special  report  of  cotton. 
Liverpool  Breadstuff s    Market. — The   market    for    breadstuffs 

closes  quiet  and  steady,  excepting  corn|  which  is  dull. 


Sat.  Hon.  Taes.  Wed.  Tbnr.  Frl. 

8.  d.  ■.   d.  B.    d.  s.  d.  B.  d.  s.  d. 

Plonr(We8iem) Vbbl  24    0  240  240  140  24    0  24    0 

Wheat  (Red  Wn.  8pr).yctl    S8  88  88  88  88  88 

"      (Red Winter)....    "    10    0  10    0  10    0  10    0  10    0  10    0 

"      (C«l.  White  club)  "    11    0  11    0  11    0  11    0  11    0  11    0 

Com  (W.  mixed)  i^  quarter  29    6  SOO  303  808  30    6  803 

PeaB(Canadlan)..«l  Quarter  42    0  42    Q  41    6  41    6  41    6  41    0 

Liverpool  Provitiona  Market. — Pork,  bacon  and  cheese  are 
lower  than  at  the  close  of  last  week,  while  lard  is  6d.  higher. 

Sat.  Mon.  Tnes.  Wed.  Thar.  Frl. 

s.  d.  B.    d.  s.   d.  s.   d.  B.  d.  b.  d. 

Beef  (mess)  new  9  tee 60    0  60    0  «K)    0  60    0  60    0  Ri)    0 

Pork  (mess)  new  «bbl...        73    0  776  776  n»  77    0  77    9 

Bacon  (long  cl.  mid.)V  cwt    52    6  58    6  62    6  52    6  F2    6  62    6 

Uird  (American)  ...     "         58    0  £8    3  63    6  68    B  58    »'  68    0 

CheeseCAmcr'n  fine)    "         49    0  49    0  49    0  49    0  49    0  49    0 

Liverpool  Produce  Market. — Petroleum  closes  the  week   ^d  • 

higher  than  one  week  ago,  and  tallow  is  Is.  6d.  higher. 

Sat.  Hon,  TaoB.  Wed.  Ttatir.  Frl. 

a  d.  8.  d.  s.  d.  ».  d.  s.   d.  b.  d. 

RoBln  (common). . .  Vcwt..    60  60  SO  50  50  50 

"     (pale) "        16    0  16    0  16    0  16    0  16    0  16    0 

Petroleaia(reflned) flga!        9  9  9^9)^           9X  9)i 

(spirits) "           10  10  10            10             10  lO,"* 

rallow(American)...$  cwt.  45    4  46    0  46    0  46    0  46    0  46    0 

Cloverseed(Ara.red)..     '•     37    0  87    0  87    0  37    0  37    0  37    0 

Spirits  turpentine "     22    3  82    3  22    0  22    6  22    6  22    6 

London  Produce  and    Oil   Markets. — To-day's    prices,   given 

below,  are  the  same  as  at  the  close  last  week,  no  changes  having 

occurred. 

Bat.        Mon.       Tues.  Wed.  Thar.        Frl. 

£   B.  d.  £   s.  d.    £   8.  d.  £  8.  d.  £   b.  d.  £   s.   d. 

Lina'dc'Ue(obl).¥tntO  15    0  10  15    0    10:5    0  10  15    0  10  15    0  10  15    0 

Linseed(Calcatta)....      49    9       49    9         49    9  49    9  49    9         49    9 
3agar(No.l2D'ch8td) 

on  spot, « cwt 22    6         32    6       23    6  22    6  2!    6         22    6 

Snormoll  ....Stun.Jl    0    0    94    0    0  91    0    0  91    0    0  91    0    0  94    0    0 

Whaleoll "    3*    0    0    31    0    0  34    0    0  34    0    0  31     0    0  34    0    0 

Linseed  oil. ...$  cwt.      21    9         84    9       24    3  21    6  81    9         24    9 

€Jommercial  a\\b  ittisccUaueous  News. 

(UFOBra  AND  Exports  for  thb  Wbkk. — The  imports  this 
week  show  a  decrease  in  both  dry  goods  and  general  mer- 
chandise. The  total  imports  amount  to  $4,380,193  this  week, 
against  15,770,713  last  week,  and  $7,573,013  the  previous  week. 
The  exports  are  $3,563,349  this  week,  against  $6,346,165  last 
week  and  $4,146,312  the  previous  week.  The  exports  of  cotton 
the  past  week  were  775  bales,  against  1,478  bales  last  week. 
The  following  are  the  imports  at  New  York  for  week  ending  (for 
dry  goods)  Sept.  9,  and  for  the  week  ending  (for  general  mer- 
chandise) Sept.   10  : 

roaaiaH  ikpobts  at  mw  toiik  roa  thb  webk. 
1872.  1873.  1874. 

Dry  goods $3,365,385         $2,503,718         $2..366,.575 

aeneral  merchandise...  •     5,61I3,6S7  4,172,887  4,586,932 


1875. 

♦1.619.945 

2,760.248 

»4,380,1»3 
241,177.720 


Total  for  the  week..      18.969,058        $8,676,605         $6,953,507 
Previously  reported....     307,560,314      8S3,8.58,To7        281,814,056 

Since  Jan.  1 $318,529,866     $390,535,352      $238,767,663    $2i5,837.9l3 

In  onr  rsport  of  the  dry  goods  trade  will  be  found  the  imports  o' 
dry  goods  for  one  week  later. 

The  following  is  a  statement  of  the  exports  (exclusive  of  specie) 
from  the  port  of  New  York  to  foreign  ports,  for  the  week  ending 
September  14  : 

BXPOBTS  raOM  HBW  TORE  FOB  THB  WBBE. 
1872.  1873.  1874. 

Portheweek $4.9M,999        $6,386,388         »4,59I,531 

Previonsly  reported....      151,593,555      195,7S5,531       203,767,490 

Since  Jan. 1 $156,503,554     $202,171,969     $208,:159,021     tl7:,2SS,970 

The  following  will  show  the  exports  of  specie  from  the  port  of 
New  York  for  the  week  ending  Sept.  11,  1875,  and  since  the 
beginning  of  the  year,  with  a  comparison  for  the  corresponding 
date  in  previous  years ; 

Sept.  9— Str.  Frisia.." London Silver  bars $75,000 

Sept.  11— Str.  City  of  Brussels.  .Liverpool Silverbars 43,900 

Total  for  the  week $118,900 

Previously  reported 62,331.172 

Total  since  January  1, 1875 $62,450,072 

Same  time  In—  I     Same  time  In — 

1874 $42,171,443  I  1889 $25,274,067 

1873 41,211,.394  1 1868 65,352,0.56 

1872 57,252,820  I  1867 41.315,2.')0 

1871 51.817.902  11866 53,540,758 

1870 47,419,404  I 

The  imports  of  specie  at  this  port  during  ihe  past  week  have 
been  as  follows: 

Sept.  7— Str.  Crescent  City Havana Gold  coin $170,000 

Sept.  7— Brig  Emily  Belize Silver  coin  3.610 

Sept.  7— Schr.  Matilda Tampico silver  coin 1,001 

Sept.  9— Htr.  City  of  Vera  Cruz.  .Havana Gold  coin 8.927 

Sept  9— Str.  Claribel Port  su  Prince .. .Silver  coin 


Gold  coin . 

Sept  9— Str.  Colon Asplnwall Silver  coin. 

Gold  coin. 


Gold  bullion,. 
Gold  duBt.... 


1,200 

14,925 

6,500 

1,331 

693 


Total  forthe  week  $209,039 

Previonsly  reported 8,376,717 

Total  since  Jan.  1,  1875 $8,585,803 


Same  time  in— 

1874 $4,614.2.54 

1873 8,077,410 

1872 2,916,347 

1871................ 7,682,509 


Same  time  In— 

1870 $7,900,432 

1869 9,884,124 

1S68 5,748,917 


September  18,  1875.  j 


tfite  CHRONICLE.' 


269 


JJiTiosAL  Trb.vsory. — Tne  lollowing  forms  present  m  sum- 
m«rv  otceruiD  <re«kl7  (raaiaotioas  at  th«  National  Treasury. 

1.— Securities  held  by  the  D.  8.  Treaaorer  In  trust  lor  National 
B«BKsand  balance  in  the TrvMury 


«Mk  Por 

emdlas  Clrcalatlon. 
ian.  ..  sn,I«.»0 
Jaa.  t..  S'H.ra.TSO 
Jaa    16..  »tt,aM,tM 

Jaa.tl  .  asi'UB.aoo 
Jia.  ao    ni.t<ww 

Pab.  «..  SBI.«nt}0 
P»b.  13..  3^U(.l»0 
Peb.*>..  S4,«isa,U0 
Ptfb.  n..  t8«.MS,*^0 
Mwekt..  •iM.wa  190 
■veil  IS  3SI.«JS.tM 

Xwch  M  Hi.a«.aao 

March  «7  «a.««MO 
*»rll  «..  Mt.nt,MO 

AdHI  10.  a8a.*i«.IW 
STt^l.WO 

.  Mt^n.sM 

m.9M>0 

£7  ft...  SWJMIIO 
r  IS ..  .««.:«.»iJO 


Com  cer 

^Bal.  la  Treasury.—.    tUcatea 

OoiB.      CnrrmcT.  oust'd'E 


Por  U.  8. 

Deuoalta.       Total. 

16,lit.«00   401.t6O.450         .     -  „ 

16.I5T.100    40l.418.950     n,OW.TM     H.OS»,SM    »7J)«S.400 

if,4itt.«oo  4oi,i;7,«o  n.rm^  io,4*i.o»  »8.07o.»oo 

iCt«.iM  400.wo,wo  Ti,7M,is9  io,oi»,«r4  t;.sat.ioo 

M,4at.a*  4«).si:.(vso    

«i.«n.T«5 

fT,lR.01> 

•»,«i,**5 
M,niosi 


l«»a,lM  44n,tM.440 

l^i5i.«M  aM.M>l.»0 

IS.i.U.Ml  IH,ttl.MO 

l«.0<a.|M  «W.14i.gM 

lS,tS«.lM  mjll.SM 

lt.l-4.MM  BaT.T54.«%0 


8.«i.\on 
t,oia.ooo 
s,«n,475 

9.830^000 
8.148,50B 
l,«e«,«8« 
S.UM.«B 


n.siT.soo 

21,816.800 
Il.TM.VOO 


April  IT. 
Ifayl--. 

JTaoe  S 


Sn.18S^ 


Jancl*..  in.-.T<i.4M 
Jaoe  M..  an.¥0,tK 

m.S't.ao 
ra.an.tw 


tttm». 
JmtjX.  . 

InlylOi. 

Joirir. 

latyU.. 
Jaljr  11.. 
Aic  t.. 
Aac  14. 
Aac.  n. 


Sept.  4.. 

a«pi.  li.- 


>n,WT.»H 

n4.miM 
nt,t»*.tm 

n4,MTJU 

ar«.tiT.Tti 

S74.Wi.M( 

a7l,4lt.TH 
9tS,W,IH 


I8.7M.4W    9lJ0>.»i> 


l>«,n>4.tt»  IM,9*i.Mt 
l«.7«iJ00  aM,tM.M1 

lt.7W.tM   1M.ir4.WH 


M«*.«U    1MM,««B 


lL«tl,M> 

S.— National  bank  eurreaey  in  circaUMion  ;  fractional  currency 
MMirad  Irom  the  Curreaey  Bureau  by  O.  8.  Treasurer,  aad  dia- 
tribat«4  weekly :  also  the  amount  of  laakl  taBdaradistrlbotad: 


treek 
•oUas 
Jaa.  t  ... 
Jta.  »..., 
Jan.  It  .. 
Jaatt... 
J*a.SO.... 
PbO.  t  ... 
P<b.t«  ... 
Pek.M  .. 
rth.tl  ... 
ILucb  •.., 
litrcb  IS.. 
MsrcbtV.. 
Ikrahtl.. 
Aprils.... 
April  10  .. 
Aprlll7... 
April  tl.. 

pi:::: 
KS;;:: 

Janet.... 
Jaaett  .. 

iaaelt... 

JlMtt... 

Jm\j».... 
Jaljr  M... 
Jair  It  . 
Jaly  M.  . 
Jalytl... 
Aac  1  ... 
Aor  11  .. 
Aac.  tl  .. 
AOK  t1  .. 
fUpt.  4  . 
••pi.  II... 


Males  la 

CIrc'ilaUoB. 
n;  ^».4n 
>47.8;t.iti 


Baeitoed. 
SIL4W 


at4,'4*4.«n 

t44.9lt.4TI 

M^a»l.^n 
MtL«n.p(t 

M7.4tt.M! 
atT.M».<0« 

MMMwfM 
MMH.4I1 
Mk1HA4l 


Oorreacj.-.  Lsf.Tea  . 
OUulbaut.  IMstrib'd. 

t,»K»n 
8oa«.nt 
t.«tji| 

a.tii,««i 
.»«itn 


aa|4t&«»i 
Wi.Mi.ni 

••.IM.«T4 


>.44t.ai* 

l.!M«81« 

tii<a.no 
ajMi.i« 
san.tti 

lUtlV'TM 
•.IM.I44 

i.wttm 
t.uk.r» 
tjm.'mt 


aM.CM.Tt4 
■•.1M.4t« 

•SSt'ji* 


tMlttt 
<.l«kB« 
S.4MLaM 


ijtBjm 


tW.ISU1« 
tl«.TIMIfl 

attjiti.iaA 


tjmjam 
Miktet 

t.iitjia 

t.Clt«t8 
*.4S».tR> 


Increase  op  ouu  N.\tion.vl  Wealth  from  Immigration. — 
In  1856  the  Commisaioners  of  EmiKration  in  New  York  examined 
every  immigraut  as  to  the  amount  of  his  means,  an<i  it  was  as- 
certained that  the  average  cash  of  each  of  tbe  143,342  arriving 
that  year  was  $63  08.  But  it  subsequently  appeared  that  many 
immigrants,  not  underotanding  the  object  of  this  inquiry,  were 
c&refal  not  to  report  tbe  full  amount  of  tbeir  means.  Mr.  Kapp, 
therefore,  estimated  tbe  average  amount  of  money  brought  by 
each  immigrant  at  $100.  and  other  pereoDal  property  at  |50  ; 
total,  $150.  This  estimate  is  believed  by  many  to  be  beyond  the 
facts,  and  Dr.  Young  estimates  the  average  amount  brought  by 
each  at  $80.  Assuiiiing  tiiat  the 423.545  aliens  who  arrived  in  the 
Coited.  iitates  ia  1873,  witii  tlie  inientiouof  remaining,  brought  an 
average  of  $80  each,  it  wi.l  be  seen  that  the  immigration  of  that 
year'dded  $33,803,600  to  the  Tkealth  of  tho  country.  Applyinsr 
the  same  calculation  to  the  total  number  of  aliens  arriving,  with 
the  intention  of  remaining,  from  the  formation  of  tbe  irovern- 
niaat  ta  the  bc'ginoiog  of  1874.  and  tlie  result  is  about  $713,000,- 
060  aa  the  total  amount  enntribated  by  immigration  to  the  wealth 
of  tbe  country  since  it.^t  oriuin.  But  tbe  economic  value  of  the 
Immigrant,  arising  from  tbe  adSTtion  to  the  iiiduiitrlal  and  inte'l- 
lectual  resoureea  of  the  country,  is  still  greater.  Dr.  Young 
makaa  the  average  aiptal  of  e*chJm«iit(rant  (800.  At  this  Tttte, 
the  emigration  to  the  United  States  in  1873  added  about  $338,- 
000,000  to  the  national  wealth,  while  the  increase  from  tbix  source 
■iooe  tfce  formaiinn  of  the  government  is  about  $7.125.70(^000. — 
AppUtontt  American  (JyelopiM^a,  ntritd  tdUion,  artieU  ''Smigra- 
Uon." 

— The  stAtemeni  n<  tiie  Liverpool  ft  London  &  Globe  Insurance 
Company,  published  in  aacthxr  enlumn,  based  on  the  business  of 
the  half  year  ended  June  SO,  l"<75,  presents  a  flattering  exhibit. 
l7|>on  the  aseMs  as  thrr  stood  at  the  oommeneoment  of  the  year, 
^.740.000.  the  suri.ius  over  all  liabilities.  Including  capital  and 
re-inaurance.  wa.«  $2,3  2  (WO.  The  net  prolitsof  the  last  half  year 
amount  t<>  $OI2.')40.  iix-re  ming  the  total  assets  to  $27.:l82.00O.nnd 
i»>e  net  surpl-ia  to  $>  945.000.  Tbe  asjets  of  the  New  York 
branch  amount  to  $3.771,.'i39.  Of  tliis  amount,  more  than  a  mil- 
lion and  a  half  <$l..'>(U>.li))S)  are  iii  lJoite4  States  b  >nds.  a  Hom«- 
wbat  larger  aiuount  ($1,0711000)  In  loans  Of)  bond  and  mortgage 
and  rtwl  estate,  while  ihe  remainder  consists  ot  aaaii.  other  seebr- 
Itiea  and  ctirrpnt  premiums.  The  New  York  Biard  of  Uim^ors 
cmnpriaM  poma  of  our  iniMt  prominent  and  highly  esteemed  nieb 
in  ftiuui«ial  circle*,  surh  a.4  iioben  B.  Minturn,  Chairman  ;  \Vm. 
F.  Cary,  Deputy  Cliainnan ;  Alexander  Hamilton,  Charles 
H.  Marshall,  and  Anson  Phelps  Stokep.  James  E.  Pulsfortl  Is 
Krsldent  Seereury.  and  M*-ssra  Arthnr  Pell  and  Charles  tiew^ll, 
AJMislaot  Sacreta'rles.  The  main  otfioe  in  New  Vorl(  1*  in  tbe 
oompasjr'P  well-known  building,  45  William  street. 

— Mr.  J.  C.  Chew,  of  29  Broadway,  has  been  appointed  financial 
agi'Dt  of  tbe  city  of  Houston,  T^X'Sf  lo  arrange  a  settlement  with 
its  cre<litor»  and  a  rorfolldallon  of  its  banded  debt.  Mr.  Chew 
baa  called  for  a  meeting  of  the  bond  holders  at  his  offl'TOP,  for  ecu  - 
pallMloa.  on  Monday,  the  30tb  lost.,  at  13  M. 

— Tkp  Pobuque  and  Binox  City  Railroad  Company  Uaa  declared 
a  dlridMtdof  Utreeper  cent.,  pnyabi"  on  and  after  Ucl.  15  next, 
at  th«  ottet  of  Mcaars.  M.  K.  Jesup,  Paton  k  Co.  Transfer  books 
dope  on  Oct.  1  pad  re-open  Oct.  IS. 

—The  Weptem  Union  Tele^prapb  Company  baa  deelsrad  Itp 
usual  quarterly  divideml  of  two  per  eenl.,  payable  on  and  after 
ilcl.  15  next.  Trao-fer  books  close  on  Sept.  W,  pad  re -open  Oct.  16 


OhlpftllMiPPivpl.— Tbencw  track  on  tbe  8pria(«pld  Dirtatoo 
from  Pana.  III.,  east  to  Tower  Hill,  apvpn  mile*,  akt  been  eom- 
plated,  and  train*  have  beffon  to  opp  it.  Heretofore  ibey  have 
ran  over  the  track  of  tba  8t.  Loaia  AHoo  *  T«m  BaaU  road 
between  the  two  polnta. 

Pklbrfelphia  k  K<«4b«.— Thie  eo«pany.  pa  we  pre  informed 
on  offldal  authority,  is  not  laaalDg  any  new  loan,  and  tbe  it>-m  to 
that  pITrct  in  tbe  CaBOMiCl,B  of  recent  date,  qaotcd  from  another 
pnper,  was  tbstefefv  taporrpct. 

IWM*  HabMfe  *  Weittfll^NoUea  Ip  pTpa  that  tbe  annual 
inppWag  of  alaekhoMMP  lor  the  plpsttoa  o(  direetorp  pad  tbe 
lipnppiilnn  nf  otfcpr  hapiaepp,  wilt  be  baM  pt  tbe  office  of  the  com 
paay  at  Toledo,  Obio,  on  Wed  need  ay,  tbe  <th  day  of  October,  !>475. 
at  10  o'clock  A.  M.  Tbe  notice  says:  ,'  It  la  desirable  that  as  larg  • 
aa  amoapt  of  tbe  aloek  may  be  rafftaaMai  at  the  meeting  aa 

Cnlble.  aa  laportaat  qnoetlona.  pflbullag  Ik*  lat«repta  ol  atodt- 
Iders.  may  be  tabmltted  for  eoneidaraioB  and  action." 

—The  direct  Cnite.!  Sutpp  Cable  Oorapsmy  having  b<^n  com- 
peted aad  BOW  in  full  operation,  givpp  n.  ti^-  .u.  where  that  they 
wflt  fPCPlTP  iiiiWMtn  at  S8  eenU  (goll  <  from  New  York 

loLoadoa.    Alpo  mstpagsp  will  be  r^.  ul  oflcep  of  tbe 

AtUntle  k  PaclBe  Telaicraph  Company  noti  tbe  Kranklin  Telegraph 
Company,  throughotit  tbe  United  Stalee.  Tbe  cnippaoy'p  notice 
doee  not  refer  to  tbe  Soathem  k  Atlantic  Telegrmpb  Company, 
with  which  It  waa  naderstood  they  also  bad  contracu  for  buslneae. 

—Tbe  Boston  k  New  York  Air  Line  Railroad  Company  (New 
Haven,  Middletiwn  and  WiUiiunntic)  having  been  thoroughly 
re  orgaalaed.  la  now  offaring  $2.>0,000  of  tbeIr  flrat  mortgage  20 
year  7  per  cent,  nortgaga  bonds.  These  b  mda  are  port  of  a  loan 
ot  $3(10,000,  wbicb  ip  made  to  constltnte  tbe  fin>t  h-n  on  a  road 
wbleh  copt  over  $.'S,OOOjOOO.    The  prepent  i^-  ■  from  Ux- 

llamadp  to  pat  the  road  in  perfect  :>r  through 


KtViiiVi;   AMI  l'h\.\CUL. 


>•■■ 

TUv 

Tl. 

K 
THI 

The  Ci.: 


OoaapaalM 

T«lc(iBph  Cuini' ; 


8«p«.IM 


''>rlke... 
nilt 


«  ORIGINATE 

'  F'  iiu-p8iKua  will  be 
r  (I  Franklin  Teleifraph 
udlcfs  uf  the  Uomntun 

'  LAWKKNCB  OUPHANT, 

.■  uf  tb*  Direct  U.  ».  Cable  Co.  In  America, 

It  Bread  street. 


ADVASOW  MADE,  only  oa  Cottoa  la  Star*  aod  Appravaf  Sbock  KzcbanEs 
Colialarala.  K.  M.  WATKR9  A  00. 


BOMOC— Wbethsr  yoa  wisb  to  BUT  or  HBI.I..  writ*  to 

HA8SLBB  A  CO.,  No.  1  Wa>l  stxeeU  N.  T. 


noa«li>D  and  Texas  Ceutril  RR.  Ptrat  Xortssfr-  7  per  cent  Ooia  Boo<^ 
U.  U.  A  H.  Klr>t  MorlMia  7  per  caiit  Qold  Boudi, 

Tua*  ImwU  aaa  lAadbcrlp,  for  sale  hr  „  _ 

uas  i«uo.  .OB  — «        y.      ^,uj_,^n  BRADY,  IS  Wllllain  at,  N.  T. 


STOCKS 
Dealt  la  at  Ike  New  Tork  Stock  Bxcbanga  boogbt  aad  sold  by  as  oa  margis  of 
«v.pere«.t.  PRiVILBOra 

If  scotlated  at  on*  to  two  per  cent  f  ran  market  on  msmbscs  of  tbe  New  Tork 
Kxekaacr  or  mponsibis  parties.  Large  som*  hare  been  leallzed  tbe  paat  30 
days.    Put  or  call  eosu  on  100  iharw 

Straddles  tlBO  aacb  control  400  iWea  of  slocli  for  90  day  without  furtber 
riak.  while  n'inT  tboiiaa'id  di>llarsprott  m.r  be  gaiaod.  AdTlceaud  Infurins- 
Uon  fumnhi-l  Pimpiilet,  contain  njt  valuable  autlatlcal  Infoniiatlou  and 
•bowlnc  bow  Wall  atnct  uperalioua  are  condacteP  a«ol 

To  any  addresa.  Ordera  aolidtcd  by  mall  or  wire  and  promptly  execotcd  by 
oa.    Addraaa.  TUtUJttlDQK  *  00«  Bankera  and  Brokoni, 

Mo.lWaU  street  U.X. 


270 


THE   CHRONICLE. 


[September  18,  1876. 


€/)e    6ankcc0*    (Bauitt. 


NATION.1I4  B.iivq:i<i  oaoANizBD. 

The  TTnited  States  Comptroller  of  the  Currency  farnlahes  the 
followinjf  statement  of  National  Banks  orf^anizad  the  past  week  : 

S;296— Commercial  National  Bank  of   Toledo,    Ohio.      Authorized    capital, 

»1(X),000;   paid-in  capital.  t.W.OOO.    Cyras  H.  Coy,  President;  H.  S. 

Halatead,  Cashier.    Atutiorlzed  to  commence  buslnees  Sept.  t),  187£. 
8,497— Georgtitown  National  Banlc.  NCaBeachaaetts.    Authorized  capital,  $100,- 

OCO:  pald-iu  capital.  $50,000.    Henry  P.  Chaplin  President;  George  H. 

Carleton,  Cashier.    Antiiorized  to  commeoco  busines.t  .-Sept.  18,  1815. 

DIVIOENtoM. 

The  following  Dividends  have  recently  been  acnonuced : 


COMPAHT. 

Pbb 
Obht. 

Whek 

P'ABLB. 

Books  Ci.o8«d. 
(Days  iccluslve.) 

Railroads. 

Dnbnqne  *  Sioux  City 

3 

$4  gold 

5 

Oct.    15 
Oct.     1 

on  dem. 

Oct.  2  to  Oct.  15 

Innnrance. 

Jefferson 

PKiDAT,  September  17, 1875—6  P.  M. 

Tlie  Money  Market  and  Financial  .situation. — Theprin- 
cipal  feature  this  week  was  the  prevalence  of  rumors  directed 
against  the  credit  and  good  standing  of  various  banking  or  mer- 
cantile  houses,  and  accompanied  by  a  decided  "  bear  "  movement 
in  the  stock  market.  The  practice  of  circulating  false  and 
malicious  rumors  of  this  character  for  the  purpose  of  influencing 
the  prices  of  stocks  or  gold,  has  become  so  common  of  late  that 
the  subject  of  enforcing  the  recent  law  which  makes  such  per- 
formances a  criminal  oflTence,  is  under  serious  consideration  by 
the  authorities  of  the  Stock  Exchange.  There  have  been  but  two 
failures  of  any  consequence — one  of  them  the  well-known  bank- 
ing housp  of  Messrs.  Frederick  Schuchardt  &  Sons,  and  the  other 
a  sugar-refining  firm.  Messrs.  Schuchardt  &  Sons  were  among  the 
oldest  banking  houses  of  the  city  having  foreign  connections, 
and  were  generally  considered  one  of  the  most  conservative. 
Little  information  lias  been  given  as  to  the  precise  situation  of 
their  affairs,  hut  it  is  understood  that  their  misfortune  is  owing 
to  advances  made  on  securities  which  have  fallen  heavily  in  the 
general  decline  of  the  past  two  years — an  event  which  no  ordinary 
human  foresight  could  provide  against. 

Our  local  money  market  is  a  shade  firmer,  and  call  loans  are 
generally  quoted  at  3,  2^3  per  cent.  Prime  commercial  paper  is 
selling  at  5^  to  6  per  cent. ,  with  rather  more  critical  examination 
by  purchasers  as  to  the  paper  which  they  take. 

The  Bank  of  England  on  Thursday  reported  a  decline  of  £413,. 
000  in  bullion  for  the  week — the  discount  rate  remaining  un- 
changed at  2  per  cent.  The  Bank  of  France  gained  3,773,000 
francs  in  specie. 

The  last  weekly  statement  of  the  New  York  City  Clearing 
House  Banks,  issued  Sept.  11,  showed  a  decrease  of  $1,957,050  in 
the  excess  above  their  25  per  cent,  legal  reserve,  the  whole  of 
such  excess  being  $17,912,125,  against  |19,869,175,  the  previous 
week. 

The  following  table  shows  the  changes  from  the  previous  week 
and  a  comparison  with  1874  and  1S73 : 


-1875.- 


1874. 
Sept.  12. 


1873. 
Sept,  13. 


>s,1881 reg. 

6s,  1881 coup. 

6s.  6-S0'»,  1864 reg, 

68,  5-aO'e,  1884 coup, 

68,  5-»0's,  1866 reg. 

68, 6-30'8, 1865 coup , 

6s,  5  SO's,  1865,  n.  I.,  reg. 
68,5-20's,1866  n.i.,coup. 

69,8-80's,  1867 reg. 

6a,  5-80's,  1867 coup . 

68,  6-iO's,  1868 ref 

6s,  5-30's,  1868 coup 

59,10  40'« reg. 

5s,  10-40'a coup. 

59,  funded,  1881 reg 

58,  funded,  1881,  ..conp. 
6s,CurrencT reg. 


Int.  period. 
.Jan.  lib  July. 
.Jan.  <&  July. 
. .  May  &  Not. 

May  &  Noy. 

May  A  Nov. 

.May  &  Nov. 

Jan,  &  July 

Jan.  &  July. 

.Jan,  &  July, 
.Jan.  &  July, 
.Jan.  &,  July. 
.Jan.  A  July, 
.Mar.  ASept, 
.Mar.  A  Sept. 

. .  Quarterly . 

...Quarterly. 
.Jan.  A  July. 


Sept. 

Sept.  Sept.    Sept. 

11, 

13.         14.         15. 

laiH- 

12IV'121K*Iil5f 

mn 

:4.?X    \i3%  *li3H 

•118X 

U8X^118X    118X 

•n8)(f 

•n8>i»llti%    118% 

•li«X 

•!l!l      •118>i  *US>i 

•119 

'U8%  'm    •iiHv 

•m% 

•UoJi  •118V  'llSJi 

us% 

\:n%*nex   iisx 

•m% 

•laoji  •isox  'm% 

m% 

•i20>i   lanji  'iiox 

•laoji 

•laojj  •120J4  *iai 

'm% 

ISOJJ    121      ".21 

•117 

1!7      •1I6)(!«1:HK 

•inji 

•117X  •in«»ll7H 

•117?,- 

ii7x*in!i^ii7ji 

UBX 

•118      m%  'lis 

•mx 

123X    liSH  •183X 

Sept. 
16. 

•121K 
123« 
118>i 
119 

•i:8x 

•1!»V 

•118',^ 

IISK 

•120% 

laox 

•181 

121!< 

116K 

•llTX 

•llT-ii 

•inji 

•123% 


Sept 
17. 
J21K 

ima 
11834 

•118X 
1193^ 
iis« 
1185i 

•1205i 
•.20H 

•121 

•ISl 

m% 

117X 

m% 
•mji 


•  This  le  the  price  bid  ;  no  sale  was  made  at  the  Board. 
The  rango  in  prices  since  Jan.  1,  and  the  amount  of  each  class 
of  bonds  oaiBtanding  Sept.  1, 1875,  were  as  follows: 


.  118     Jan. 
■  MSHJua. 

lUl^  Jan. 

ll.-iX  Aug. 


6s,  1881 reg. 

68,1881 coup. 

6s,  6-20's,  188« coup 

6b,  6-20'B,  1364 coup. 

68,  5-20'8,  I8''.5 coup..  117>iJaly  84 

69, 5-20's,  1865,  new,coup..  117X  Jan.     8 

68,  5-20'8,  1867 conp..  118X  Jan. 

69, 5-20's,  1868 coup..  118     Jan. 

58, 10-40's ..reg..  113>^Mch. 

59, 10-40'B coup..  113XMch. 

59,  funded,  1881 coup..  113^1  Jan. 

$8.  Currency ree. ,  117K  Jan. 


'Range  since  Jan.  1. — .  . — Amount  Sept.  1.-— 

Lowesi.          Highest      Registered.  Coupon. 

122>i  May  a6tl»3,3';i,850         ( 

nnH  June  17            89,.364.500 

llSJi  Apr.  13              B6,650  3S,830,560 

121      Apr.  27      26.827,000  31,fi6.i.800 

122JiJHnel8      33,8(«,0.'50  118,731,.3.0 

124)i  June  17      68..H;17,I>oO  144,325.460 

libH  June  25      88,8'i4,460  821.758  300 

iibH  June  18      14,478,000  22,99ti,0C0 

118XJunel8    141,619,850  .,.. 

llDK  Aug.  2S            52,916  450 

119     Juue  28    807,927.500  220,878,960 

124J4  Apr.  24      64,623,512  


Closing  prices  of  securities  in  London  have  been  as  follows : 


O.  S.  69,  5-20's,  186S,  old  . 

U.S.  69,  5-20's,  1867 

D.  S.5s,  10-40'8  

Hew  59 


Sept.  I 


t: 


10«<i  I  VttM 

103J<  108X 

105  105X 

losy  1 1063< 


Sept.  ;. Since  Jan.  1,  1875. — . 

17.  Lowest.      I     Highest. 


106« 
107% 
105 
106X 


in5«  Apr.  221  I08)i  Apr.  9 
lORX  June  18:  109)f  May  5 
1025f  Feb.  131  107  Ang.  13 
102     Apr.  19i  105X  Aug.  16 


Sept,  4.       Sept.  11,       Differences. 
Loans  ana  die.  |28z,e34.300  4283.443.200  Inc..    $808,900  t2S0.8>i7.8i)fl  t284.5'l6,200 

Specie 10,210,300       9,378,200  Dec.       832,100      ]9,8i;3,100     20,442.300 

Circulation....  18.125,400  17,756,600  Dec.  868,800  25.605,700  27.3N3.4no 
Net  deposits..  543,788,800  242,604,200  Dec.  1,184,600  237,8S2,.')00  207.317,500 
Lepaltendcre.      70.606,300      69,185,200  Dec     1,421,100      65,325.900     36.717,200 

United  States  Bonds. — Government  bonds  have  been  toler- 
ably active  in  the  transactions  through  the  hands  of  leading 
banking  houses,  and  prices  are  generally  firm  in  sympathy  with 
the  gold  movement.  Foreign  bankers  have  lately  been  moderate 
purchasers,  as  the  fluctuations  in  gold  and  exchange  admitted  of 
the  export  of  bonds  at  a  profit. 

The  follDwiug  call  for  bonds  was  issued  to-day  by  Secretary 
Bristow: 

TWKNTT-SBVBNTH  CALL— BEDBMPTION  Or    rm-TWBNTT  BONDS  OP  1864. 

Tbkasurt  Dkpartmbkt,  September  17. 

By  virtue  of  the  authority  given  by  the  Act  of  Congress,  approved  July  14, 
1870,  entitled  "An  act  to  authorize  the  refunding  of  the  national  debt,"  i 
hereby  give  notice  that  the  principal  and  accrued  Interest  of  the  bonds  herein 
below  stated,  known  as  five.twenty  bonds,  will  be  paid  at  the  Treasury  of  the 
United  States,  in  the  City  of  Washington,  on  and  after  the  17th  of  December, 
1875,  and  that  the  interest  on  said  bonds  will  cease  on  that  day;  that  1b  to  Bay, 
bonds  of  the  act  of  June  30, 1864,  as  follows : 

Coupon  bonds,  $50 — No.  2,501  to  No.  3,300,  both  inclnslvo. 

$100— No.  7,001  to  No.  10,500,  both  inclusive. 

$500-No.  10,101  to  No.  15,3j0,  both  inclusive. 

$1,000— No.  39,801  to  No.  69,700,  both  inclusive.    Total,  $5,000,000. 

The  amount  outstanding  embraced  in  the  numbers  as  above  is  $.5,000,000. 

United  States  securities  forwarded  for  redemption  should  be  addreseed  to 
the  "Loan  Division  In  the  Secrelaiy's  office." 

B,  H.  Bbistow,  Secretary. 

^  Closing  prices  daily  have  been  as  follows : 


state  and  Railroad  Bond*.— There  has  been  little  doing  in 
Southern  State  bonds  and  Virginias  have  lost  a  part  of  their 
previous  advance,  though  firmer  in  London.  The  report  of  the 
Alabama  .M)mmissioners  to  the  State  constitutional  convention  is 
not  regarded  very  favorably  here,  and  there  is  a  feelins:  that  ihe 
commissioners  have  been  inclined  to  take  the  worst  view  of  the 
State's  financial  resources.  In  North  Carolina  the  constitutional 
convention  has  appointed  a  committee  to  consider  the  subject  of 
taxation,  revenue  and  debt,  and  the  members  are  reported  to  be 
good  men. 

In  railroad  bonds  a  fair  business  has  been  done  at  good  prices 
for  the  best  issues.  The  Pacific  Railroad  bonds  have  not  been 
dealt  in  quite  as  largely  as  usual,  but  a  decline  to  93  to  day  in 
Union  Pacific  sinking  funds  called  forth  an  active  inquiry.  la 
Central  Pacific  bonds  the  first  mortgage  main  line  are  firm  at  104, 
while  the  Western  Pacific  first  mortgage,  apparently  just  as  good 
a  security,  sells  at  95,  and  the  California  &  Oregon  and  San  Joaquin 
Valley  branch  bonds,  both  first  mortga-^e  6  per  cent  gold  bonds, 
sell  at  90J  and  92J,  carrying  li  and  3  per  cent  accrued  interest, 
respectively.  Notice  has  been  published  that  the  interest  on  Ohio 
&  Mississippi  second  mortgage  bonds  will  be  paid  Oct.  1,  when  it 
falls  due. 

Daily  closing  prices  of  a  tew  leading  bonds,  and  the  range 
since  Jan.  l,have  been  as  follows: 

Jan.  1 -^ 

Highest. 
55><Jaa.  5 
29  Jan.  18 
16  Jan.  7 
61H  Apr.  S 
45  June  7 
3.5  Jsn.  2T 
l03K  June  23 
li!!  Sept.  10 
106V  JuaeJS 
10«J<  June  30 
lOi  Sept.  9 
9;j«  Aug,  25 
101),  .May  9 
115  /  pr.  0 
114  June  35 
llliiJune  6 
8SX  Aug.    i 

«  This  iB  the  once  bid.  no  aal«  was  made  at  cue  Board. 
Railroad  and  Miscellaneous  Stocks. — Stocks  have  been 
reasonably  active,  with  a  decidedly  bearish  movement  in  the 
market.  Nothing  has  transpired  affecting  the  actual  value  of 
any  of  the  leading  stocks,  but  the  general  tone  has  been  weak, 
and  with  free  sales  of  the  leading  specialties,  prices  have  de- 
clined materially.  One  of  the  noticeable  points  in  the  present 
turn  was  the  frequency  with  which  vague  rumors  of  unsoundness 
in  diffxrent  financial  houses,  have  been  circulated,  and  this  fact — 
the  rumors  being  without  foundation — has  given  the  appearance 
of  a  bear  attack  on  the  market,  and  it  is  believed  by  many  that 
short  sales  have  been  made  to  a  heavy  extent.  In  addition  to  the 
dividends  noticed  last  week  the  Centra!  Pacific  Railroad  announces 
a  semi-annual  dividend  of  4  per  cent.  gold.  The  Western  Uniou 
Telegraph  Company's  books  will  close  on  the  20th  for  the  pay- 
ment ol  the  quarterly  2  per  cent,  dividend  and  for  the  annual 
election,  and  the  stock  has  commanded  as  much  as  i  per  cent,  a 
day  for  borrowing.  The  lowest  prices  of  the  week  ^^ ere  made 
on  Wednesday  and  Thursday  when  Lake  Sbore  touched  51i, 
Western  Union  Telegraph  78i,  Michigan  Central  56|,  North- 
west 37f,  St.  Paul  33i,  Pacific  Mail  3.11,  Erie  17J,  Ohio  and 
Mississippi  16|,  and  Union  Pacific  71.  From  these  extreme  rates 
there  has  been  more  or  less  recovery  to  day,  and  prices  at  the 
close  are  generally  about  1  per  cent,  higher.  Union  Pacific  de- 
clined to-day  to  69^  and  closed  at  70^. 

It  was  reported  this  afternoon  that  representatives  ^  the  Michi- 
gan Central,  Fort  Wayne,  and  the  Lake  Shore  Bail  Ads  were  in 


,ept. 

sept. 

Se^t. 

^T- 

^T- 

Sept. 

since 

Lowest. 

fisTenn.,  news... 

51 

50^ 

<mv 

•;ov 

50X 

44     Jan.  27 

6«N.Oar.,oId.,.. 

aiiv 

•21) 

•20  It 

•20K 

•20 

■20 

20      Mch.  2; 

68  N.  Car., new... 

•n 

•10 

•10 

•10 

•n 

11     June  12 

«B  Vlrg..  conaolld 

•68 

•RIK 

•6; 

•68 

•67 

■67 

MX  Jan.  26 

do        2d  series. 

«49 

"49 

•49 

•na 

•49 

36     Mch.  2i 

68S.C.,J.&J... 

•2iH 

•36 

•26 

•27 

•2IH 

•27X 

80     Mch.  20 

68  Mo.  long  bonds 

102 

•Wi 

102« 

•lOtX 

lOlX 

•10l>i 

M%  Jan.  14 

N.T.C.&H.  lst7B 

•120 

122 

123 

lUiKJan.  18 

C.PRC.,gold68... 

IIMV 

104V 

104 

1113  !< 

104 

101 

9!;,  Jan.    6 

Cfn  Pac,  iBt  6a... 

imv 

108  K 

103W 

108 

102K 

io;v 

90     Jan.    6 

do     L'dGr't7B 

101 K 

102 

101 H 

lOlX 

101* 

1U2 

90     Jan.    t 

do       S.r.88.. 

!).HH 

935li 

•9.1 

9iH 

92X 

92 

80X  Jan.    'S 

Kriel8tM.78 

•101 

•IIH 

•lom 

10) 

•loix 

101     May  29 

N.  J.  Gen.  let  78.. 

•HUM 

•;io,ii 

•iiox 

•110 

•11* 

•111 

ma  Feb.    I 

Ft  Wayne  Ist  78. 
RoCiTsI'll8t78... 

m 

•113 

•lis 

114 

•113 

•US 

106X  Jan.    7 

•lOJK 

•1U9« 

I  0 

•1U9H 

•im% 

•m% 

105     Jan.    5 

C.  &  N.W.  gold  78 

87 

81>4 

S7>i 

SIX 

HIX 

8'.« 

79     June  15 

September  18  1876] 


THE  CHRONICLE. 


271 


■  esiioo  in  this  city  with  «  Tiew  to  perfeetiog  a  plan  fot  the  pool- 
ing; of  vamiDf^  on  all  tbroaj^h  competiliTS  freiKht.  Sach  an 
arraneeineoi,  if  perfected,  oogbt  to  hare  an  important  efivct  in 
bnlpiog  the  «aniin^  of  the  roads  iu  qaestion. 

For  the  parpoae  of  ahowiog  the  total   tranaaetions  of  the  week 
In  the  leadiaff  atoelu,  we  have  compiled  tlw  table  foUowirg ; 
Padfle      Lake    Wwt'a  Cblc.  A  Union    Ohio  * 


Sept.  It. 
-  M.. 
••  It., 
•*  IS- 
"  l« 
JT., 


MaU. 
,  10.«0 

.  mm 


Shan. 

••.too 
•■,«• 


Union. 

a5,aoo 
«,n) 

M.'W 


>rir««.  Ma.  PadOc. 


Total  ... 
WbolaMock 


.  48.100 


1D.O0O 


aujDo 

ti.S0O 


14.100 
19.M0 
17.000 

M.atm 

li.«0 


IMOO 

IMOO 
4S.300 

loitao 

II.OIO 


IJOO 

wo 

900 

1.400 
900 

i.soo 


Mias. 
•.MM 
ti.400 
T.900 
8.300 
S.«N 

i.-reo 


Wab. 


too 

800 
100 


'ir.'iao    4,000 

•00.000  19O.O0O 


1U.M)0  1IS300  ttl.lOO     5.S00 
Sn.8M  149.910  WXOO  K7.«aO 

Tba  laat  line  in  the  ptseediog  uble  riMwa  the  total  number  of 
■harM  of  each  of  the  atoeka,  now  "ii'ntand'ng  so  that  It  may  be 
■een  at  a  glance  what  proportion  of  the  whole  nock  baa  been 
tamed  orer  in  the  week. 

Tba  dAiljr  hUrhaat  and  lowest  prieea  b^ya  bean  aa  (ollowa 


ardaf. 

■.y  .Ota.AH.Ii.  •S!^:«X 
■artaai  ■"* 

BrU 
LakaObera 


T.O>iic.*lX. 

Paaaiflft    . .   .  .*!•• 
WMt.  In.  Tal.    Wt 
At   a  fw-.  T*l.  * 

t« 

"n-»i«'8 

an  <*H 


TiiM<ujr 

Sept.  14. 
V«     lOS 

u;     .... 

lik    17K 

55  R* 

MM   »« 

•iS  • 
II     II 
nx 
^  •yjo% 

»v  n 

MX      SH    14 
<        *>K     IX 

SH     ™      7*»< 


TkHratfay.    ^HUn 


11 

I  ^^% 
tiiiS 
k:n3 


3* 


gold,  and  the  total    bids  were  only  for   $1,690,000.      Castoma 
receipts  for  the  week  were  $2,263,000. 

The  followine  table  will  show  the  course  of  gold  and  opera- 
tions of  the  Qold  Exchange  Bank  each  day  ot  the  past  week  : 


•atnrdar,  Sept. 
Monday,  '• 
Taetday,  " 
Wedneaday, " 
Tbnnday,  " 
Friday.  " 


■ l^aotailona. . 

Open-  Low- High- Clos- 
ing,    est.     est.    InE. 
11....1I6X  ll«fi  II7X  llOV 
lS....llS)i  118     116X  nOK 

14  ..  il6J<  116)i  117      U6X 

15  ..  lir.«  !18V  117  .  I1«K 
lt....Ut>i  -Mii  116K  llll^ 
17    ..nOH'  115X  11«X  tl«V 


Toul      . Balance* , 

Cleaiincrs.  Oold.  CnrrenRT. 
t59,6S5.a(M  tl,89i.»1  tl.08 1,418 
39,904,000  1.143.900  ],S»1,M7 
4i.«90,0a0  1,170,925  l,38e.<80 
66,904.000  l,«r.05»  1,6M,S5S 
SJ,9S4,000  1,-219,&73  1,896.418 
SS,141,00Q     l,14a,»i0     1,417.918 


Oarreatweek I I6S  1 15K  1 17X  UOy  $775.488  000     f $.... 

Preriona  week I14)i  ll4)i  117     116y     194,181,000    1,639.314     1,964,SI4 

7«a.l.l87S,todate...lltK  ItIK  117X  llOii         

PoretcB  Bxekanse. — The  exchange  market  has  continued  in 
a  demoraliied  condition,  caused  entirely  by  the  pressure  in  gold. 
So  long  as  there  is  a  decided  scarcity  of  cash  gold  and  high  rates 
to  borrowers  from  day  to  day,  there  can  be  no  freedom  in  the 
foreign  exchange  dealings,  and  (hua  the  rates  on  bills  vary  daily 
and  sometimes  hourly,  according  to  the  latest  phases  of  the  Qold 
Boom.  It  is  manifestly  undesirable  that  exchange  should  rule 
too  low  during  the  autnmn  months,  when  the  prin- 
cipal shipments  of  domeotio  pi^uce  are  made,  and 
it  is  therefore  hoped  that  tba  present  scarcity  of  gold  will  be 
of  short  duration.  The  asking  rates  of  leading  bankers 
although  changing  frequently,  have  furnished  only  a  general 
indication  of  the  rates  for  actual  business,  on  account  of  the 
irtegnlarity  of  transactions.  To-day,  the  quotations  for  prime 
■tuning  opened  at  4.80  and  4.84.  and  were  afterward  advancei  to 
4.81^  and  4.89^  for  long  and  short  bills  respectively,  while  actual 
buaineaa  was  done  at>oul  one  point  below  these  figures. 

rite  '  -at«actiona  lor  me  weak  at  the  Cusiuu,  Mouse  and  Hnb- 
T'^i.      .  have  been  aa  (ollowa: 

CutoB    . Bab-Traasorj.. 


•I.  T.O 

a*rl«a 

■rU 

Laka  Shora. 
VataA 


■wiwfc.  OIK  ■!«*••  ItfOWt.  HIchMt- 

May  U\cr\  May    U  Kx  May  I*  lOKXMch.  11 
-    «     Apr.  tr|ll«X  Jaa.    T  \u%  Fab.  IS 


to>%  Jaa 


iWaaiT.... 


.  _         '40       *       •41H      ,   .      4S 

ik.Patta 

•TkUlatk-artcatMaadMkS'l:  motau  «uaa4*MU«  •oara 
tka  entire  r»B(*  from  Jan.  1, 1874.to  tbladMa,  was  aa  follow*: 

. /as.  1,  im,  to  rial* — ^ Wbala  y«ar  l«»4. 

^  ..   ^  „  Lowaal.     i     llWhaSt.  "  

*Ua«.B...m    M*]    "      - 

UTNJaD.  It 

ItK  Jaa*  tl 
ilM  S«pc  19 
4}(Jaa«t»   ll<;  J*B. 
Wi  Jaaa  :li  4NV  Jaa 
nwJseall   a\- Jaa 

■acklalaal MOX  May  •«  l  •>',  Aac.  » 

•t.  Faal >....  ■«  Jane  It    v  •,  .Vpr.    • 

do      pr«r „  ..    •!     Mch.    1    us  .Vac.  B 

AUaaUe  *  Paellc  araf .  M  B>p(.  11  |h  Apr.* 
OkloAMIaalaalppl....  I«i»ipt.^5  n^  Jaa.  t 
OmnlafNrwJatMjt.MMfJaa.  I  If  Apr.  tl 
Dai.,  Uck.  *  WaMan.WM  Jaa.    t  isi     Apr.  tt 

Baaaibal*m.Jew mS  laa.  tt   s>i,  I&. 

Oalos  PaclAc  M    Jaa.  U  T^H  Jaa* 

gsL.CUc*I.O t    Jatal*     •V-'aa.M 

fcaaaa IWXJaa    tl  in    An.  11 

WaaUnDBkmTal....  Itk '•<>.  IT  M\  An,  It 
AiiaMt*  *  rasite  TaL.  ••    Jaly  l<    »M  J**    B  M 

QaMsDvw U    May  14   ai    Jaa. 

4»       ptH »    Jaly  l(|  44    Jaa. 

raeUaMaU  1»X  Pab.  so.  V,\  Apr. 

44aaHlm<t<* M    Jaa.    t  lOi.H  Mck. 

4aMrlcaa Ixpraaa 90     J*m«6  V.     Jaa.  B 

Oattad  Siataa  Bnrasa.  41.%  Aac.  II '  W  Jaa.  II 
WalKPanoACb... ..  71     Aa«.  ISI  ««)i  Apr.  « 

•■llr««4l    Banalasa. — The  lait^  sMslan 
tba  VMala  faotn  Jan.  I  to  lateat  datni,  arc  ••  lollowa  : 

Jaa.lioiata*(dat«k 
19M. 

fSCZ 


m  ts     Dae.  10    51  It  Jai^  l» 

*il7liJBa«l»   MKJaS  l« 

UK  Drc  tu   »u  Jaa.  K 

•4KJaty  I J   atiJaa.    • 

(I     SapLIO   TBXPab. 

MM  Jaaa  I»  \M%  Pab. 

SW  May  U   4»!<  Jaa. 

4t     May    9    74k  Pab. 

WMSapC  *   tt     Pab. 

l'.%i9amVt   M    Jan. 

«•    Jaa.    t  1(»M  Pab. 

M     Jaa.    tlllNPeb. 

ttMBapt.  7    »4hJ*a. 

a    Jaa*  17    B^MclktO 

•    SapC  I   n%  Mck.  at 

Ml     Apr.  ID  lt«     Jaa.    t 

Apr.  M  WK  D«e.  10 

Aac-  r   to     5oT    7 

-    ••»  Mot.  t4 

40     Not.  t7 

NDac  tl    }i)|i)**t.» 

•IMJaa.  Itlto    Nov.  n 

MM  Jaa.    t,  tOM  D«e.    1 

••     SapC  tt   7J     Pab.    • 

BM  Jaa.     5;  ^4     Tlhn.  to 

obtainable,   and 


BK  Apr.  •! 
B     JaaalO 


II. 
!«., 
14.. 
IS. 

M 

17. 


Hoaa*     — 

BsealpU. 

..  ta95.000 


Raealpta.' 


It^Mt 

ns.««o 

400,000 


Gold 
1919,551  B 
466,333  U 

«I(I81  B 
t«776  » 

4at.;o«4S 

736.4MB 


Cnrrency. 
t9*4,SW  t7 
•U767  n 
M7,8a7  41 
Mt,«>  67 
•93,4m  M 
l,S44,aiS45 


-PaymenU.- 


Oold .  Currency. 

tl6).»74  98  tl.B«.10  10 
l,ltit,130  74     1  S88.1tt  76 


101,457  47 
1,9«S.49:  49 

3I3.3W  «9 
I,I48.«S4  It 


751,1165  89 
847.440  SO 
617,760  80 
798,440  U 


S,9n,0t0  M    S,800,1M  U 


TotaL |t.0B.000      a,l*4.tB  84    4,8S«,tt7  98 

Balanca.  8«pt.  10 n,tM,aB  7«  «O,t08,4tt  tt 

Itaunrc.  8n».  17- M.tl»,tM  87  B0,l>4.n6  80 

N«w  Vark  Olty  Baaka. — The  following  atatement  shows 
ibeeondition  of  tlie  Aaeociatad  Banks  of  New  York  City  for  the 
week  ending  at  the  eommenoement  of  business  on  Sept.  11, 187S: 

ATBBA*B  AHOCHT  OV-  " 


a&aaa. 

••vTork , 

MaakauaaO*.... 

Marekaau' 

MM&aalc*' 

Oaloa     


it... 


Capital. 


s»». 


JjOdOjBOO 

i,a»jti 
I 


Loaoaaod  iMal          Mat 

OlacoonU.  Bpacle.     Tender*.  Depoalt* 

llv.4ii.10u  •l,74ii,l(»  ll^tl,»C  lltf.tt< 

-  -SIJOO  tliJUl      1.MS.IM 

3S'.,a«     

IIMW 

mjso 

tN,1» 


>(.(»i,ai> 


i,4<Mn 

•  4fiugi 


iAit,tai 

l,H7Jtt 
l,tl9J0« 
tXIJOt 


tjai/w 
74a.:u« 


r.tt</<n 

4.483jm 

9.7»,im 
i.Mt.«n 

•,>t4.MW 

f.tttjn 
],ii<.iai 
i,4Mna) 

/MIi-JIO 
aanjeo 


Clrcola- 

tlon. 

HJVO 

MOO 

4n>)0 

"iVia 

M9.-.UI 


TWJM 


B7,aM 

i/m-tn 

W7.WB 

%teum 
*mjm 

I.M4.MI 

7ii.«a6 

tSI.40l 
l,r4.4T' 

717.»7B 

«••.•» 

•.4M.in 

-n   iiiaint  lord 

have    raogcil 

tK^ilirv  of  tbuet' 

.tct  a  high 

r  rowers  so 

make 


. Lataai  aaralnga  r 

r 

Alc^ To^  »*.¥•. Maatb  of   Aac.   (i 

Oaanal  PaalOc MasCk  of  Aac.   t.S 

Ckta,  MU.  *  M.  P.  Moaib  of  Jaiy.  Olt-I 
aia.Utey.  *Oklc..l*tw*akof  Sapi. 
Ikaarar  *  It  Oraada  t«  ««ak  sf  Aim- 
Illlaola  Caotral  ....  Moalk  of  Aac 
ladianap  Bl  *W..Maaib  of  Aaa. 
I  BdUuap.  A  St  L. .  Moaik  of  Jaly 
lalara'l  * 0«- Monk.  Moalb  of  Aug. 

Kaa«*i  Paclle Moalb  of  A*( 

Kaobak  AD«»  M...  lai  weak  of  B«pl 
Mo.  Kaaaa*  ATo...  Moalb  of    Aaa. 

MoMlaAUhlo Hoatk  of  J*ly 

•I.  L.  Alloa  A  T.  B..  la*  wrofc  of  Aa«. 
do  bfancb**.  latwaakof  Srpc 
bt.  U  LMt-AaoBlk.  latworkof  Bcpt. 
at.  L.  A  MoatbaMt  .  lat  wfok  (f  Aac. 
St.  Paal  A  H  CIty.Ac.  td  mak  ot  Aa«. 
Oaloa  Hartae   Moalb  of  Aac. 

TMa  tt«M  ■arkat.^The   price  of  irold  wan  wfji   maini  ior<i 
op    to   Thaiaday,    and     imtea    for    gold     loana 
darin..'  moat  of  the  Week  at  high  BfnreSk    T>i>- 
w  '.ba  Mpply  of  cash  gold  aaeoia  t» 

re  <M  fMm  (ur  today,  bui  not  to *•). 

arT.  r.-!;^  a4  to  cause  falfara*  oo  their  part,  or  to 
high  an  to  draw  in  aupplles  of  gold  from  nnexpectad  soarota.  nod 
tha*  break  their  powar  orer  the  markat.  Shipmanta  of  £28,0nO 
of  gold  lo  Ibto  cokAtry  war*  r«port4Kl  yaMardAy  from  London,  but 
an  ^Tiiull  an  amo«at  ccMiM  have  DO  eSact,  uleaa  It  be  a  moral 
«liig  that  such  shinmeata  ware  poaalble  at  a  profll. 
>  i><i  lo-day  there  ha«i  lx->-n  lesa  flnkDeas,  and  the  prion 

f'         T  lu   llftf.    The   Inflation    ■  of  the   PenmyWsnia 

<l- ::.  .  racy  wer«  tta»l   early  in    f  ,   advance   uold,   and 

the  bardaioaay  laanlaUans  of  the 'New  i  ork  State  Convention 
were  naed  *  ^day  la  tha  oppoalta  diroeUon.  Tli-  ralaa  to  borrow. 
era  of  gold  liave  savaiat  tlinoa  been  aa  high  as  i  per  day,  but 
to-day  the  tfrma  were  1. 64  per  day,  and  6.  S,  4  and  3  per  cent  per 
,  ao4  alao  flat.    Oa  Tburaday  the  Trearary  aold  $1,000,000 


Sanooa  Aai«na*n 

Dryaood*.  

Tntal wTmOKtrnMUn  Itjsajoi.  MWBSJOO  »J«.«04.at)  H7.7S6J00 

The  deviAtlont  from  the  rMuma  of  the  previous  week  are  as 

follow* : 

Loan*        lae.     •tPIJin  1  Set  Depoaiu. I>*c.  ll.tn.lD 

soecla  '.     .. Vv.      W  W   OlroolaUon Dec      M8,W 

twaltaodar* Kee.     Mll.l'oj 

Die  tollowlng  are  the  totals  for  a  aerie*  of  weeks  past : 


Loaaa. 
r«j64jrt 

I77M*W> 
«l,MIJOn 


July  17.. 

Jaly  t«. 

July  «... 

.taroat   7 

Aatt.it  14 

Aoa  't  Ji         .     . 

AucaaiA    tsMWJOO 

S  l.t.4  ...    tVJlHJM 

Sapt.ll.. 


Specie. 
l«.M4.an 

I«JM.HO 
|t>4i.lM 

l2.on.liiii 
lojipjno 
•,n8,»o 


l.aa*l 
Tandera. 
7!i,rn.no 

IS.dBJOD 
79,a6INI0 

7t«Hjn« 
w.7M.iao 
wjavTOt 
WjaR.7n|i 
7tiji«.«« 


Dtpoalti. 
t9U«.ax) 

ttlJM.IW 

t>i,46ij(e 

tN/ttfO 
T4«,m.«D 
Uk,*4«.7<n 
t4S.!»IAMI 

t<a»4Ji» 


circa. 

latino. 

I»,'H».l«' 

l!!.9.l>.ltD 

ia.4l2.7>0 

i<.a4j(ki 

KAI.Or'O 

ii,ir.4as 

17, 


Clearfni 


ala 


aa.MS.74t 
.Kijm.ira 
»«.;4:.r.7 

«il.*.1<>.4>( 

aoi.«M.7<i 

tn.aii.ni 

a^4«S  !ll>9 

M.ti;,i(l 

aci.7M»i 


272 


THE  CimONICLR 


[September  18,  18T6. 


Iloatoa  Baott*. — Below  we   g\'re  a  statement  of  tlie  BostoO 

National  Banks, as  returned  to  the  Clearing  House  on  Monday, 

Sept.  13,  1875  : 
Banks  Capital.       Loans.      Sprele.  L.T.  Notea.   Deposita.   CIrcul. 

Ani^                 , 1500.000        S.2ii.-M            S5)         lOl.lOU         l.lW.Wtl  6S4H.0 

BiicMtbne a.coo.ooo      «,-:69.ix;o      w.tco      84:.*o      ■i.iMMO  VBs.ino 

Boston           ...  ....      1,000.000        2*5,™           8,100         110,3UO           ^'i.li'U  540.1);IU 

BrJadwai               .       »U0.000         so.S'i)          — •          SWW         SW-^W  l«'.l* 

SSt?"                    .       500,000        1.0U.1(K)            ...            r.3.SlO           Bi:.500  28I.I0U 

Columbian     ...     1,000,000        i  MS  .200           4,000           71.300           ras.4(0  68».1'0 

Continental {.^0^       f-^.',^^        jg^^j        ,„:g(„         ;e3,7iK)  754.900 

FaneoiiHaii         .   1,000,000      2.4oi,«o         ....       ri8.9oo      i.iM.wo  ra.eau 

""Iman^B..     .  .            SoO.WO        UVX.'UO           UHO          68.800           Ml.lW  883.PI10 

oiobT:    ...........   1,000,000      i.9a.mo        ....       i4a,«o       ■na.am  m.M) 

Hamilton             ...          750.000        :.783,1110          8,900           71.8(10           6;8,5l]0  21S.80II 

Howard    1.000000        3.JS9..0J           8,400         1S5.(W           fll".40fl  43S.40(1 

Sannfaotnrera- 500.000       imnflBe          ....         »5.700         7S0.100  HO.iiic 

KrKet     ..!!!.                80000C        1.6.-i5.300         18.000           66.100           68^,t00  341.40 

M»8S«chu»ett» 800,006       2.'<:M.7U0         41.900         10«.5(I0        1.13«,900  S41.r,'J0 

U^ylTici      ........       400000        1.M6.7TO           1,400         lln.SOO        l.(M9.100  849.61(1 

Mer.:h»nt»' 3,000.001'        8.113  4011         llfiX         463,SO0        4.ili.i.900  l,«W.-;00 

Mctropoltan 500.000         591,000             ....           41.800           890,0ii0  ..  . 

Mount  Veriiull  300,000          6<7.900            ....            S»AW           314.-00  l.SSiO 

Sew  KuKland 1,000,000        J.M7.300        18,300           6'.9.I0           732.3110  .Ss.lOO 

SoTtb           iW.OOO        8.218.il0          E,tUO        848.200        1.583.(00  57).41i9 

OldBostoQ 900,000        H70.5U0         40,W)        306.800           »3:>.70O  898,0(0 

SUawmut  ItOOO.OOO        U.446.100         13.900         868,900           861300  45(,*jO 

Shoe*  Leather 1.000.000       i.-.n.tx        li.m       mflli       1.5;6,5O0  786,ni0 

Itate    8,000.090        3  791.100          9.9U0          75.600           981.700  961,100 

Baffolk 1500^0        3.5C1S,71'0          9.703         SIO.IOO           9  2.800  7i5,«(« 

Traders'     ....  ...".       600^00        i.;97,2O0         81.700          6^.300           7S5.4I0  1J3,*J0 

Tromont........  ..        3.000  OOt)        3.3J1.*U         ei^WO         869,0(0           ■■9'.6ol)  60I'.:HK. 

Washington 750.000       8,09.1.^00          1,900          89.4110          651.600  565.6(« 

(first..                    1,000,000        4.115.900             600         3.i6.900        1.131 .400  .     530.0(r. 

8«olid(Oranlte)...    1,900.000        4.S00.WKI         95.8(0         631,410        1,942,100  ISl.SJU 

Third                 .                 300,000        l.lf6,20O         51,600          53.000           Oi'MI)  151.90t 

Fonrth". 200..IOO          250,700         14.IOO            85,6(10  4i.l(10 

Bank  of  commerce.    8.000  000        8.1I8..00          S,5(jO         615.S00  .     1.67£.OliO  5;S.5|« 

BankofN. America    1,000,000        2.l99-i,0')           '-SS         '-^'^SOO           "W'OIJ  B59.SK1 

B'k  of  Redemption.     1,000,000        5.710,601         85,91)0         746.'00        1.8'5-?OC  60i.4* 

Binkof  UeriuSllc...    1,500.000        3.C7'!.j00            ....       .141.500           '-.TjOS  "'5'?;5; 

Oommonwealth 500,000        3,671.2liO          1.0«0         483.000        2.7W.5po  3O0.(W 

city 1.000.000        2.0M,5lO          7,500          73,800           f,'^  Im  489.4(0 

Bagle  !  000030        ■J.047."00           1.SJ0    ■     183.2(10           775.900  i:om- 

BxohanEe 1,000.000        5.!57.3il0       118,800         440,800        3,126.2:0  6:e.W 

aide*Leather 1,500,000        3608.900         28,500         14'.700           9  1,900  913,1IC 

Bavere                             2  000  000        5.6-i«,80O          5,600         349,800        8,133  800  981,700 

Security '.      800,000          mi5,3(i0            6tO          8(.7(lO          814.200  ne.i'oi. 

Union,;..  1,000.000        8,859610             800         13S  60i»       !,15),0«0  588,500 

Webster.............    1.500.000        8,69J.500          6,«00         108.700        1,0.>7,800  39S,^00 

Total »5iw50".OOo"  «134,16!T30li     S742,300     » 9, 589  200    »5;.S3S,6r,0  jnsis,!!* 

The  total  amonnt '•dnetootherBanK6,"a8per»tatenicniof  S  pt.  13,  It  »24,634,;WI 

Tlie  deviations  from  last  week's  returns  are  as  lollows: 

Capital Increase,     fsa  22"i  |  L<>gal  Tenders Increase.    »1I2,300 

Lusun  ...  'norease.  1  4TO.IK10    Oeposlts ■. Decrease.      489,503 

Specie Decrease.     nO.SOO  I  Circulation Decrease.      146,900 

Tlie  following  are  tlie  totals  for  a  series  of  weeks  past: 
Dare.  Loans.  Specie.    LeRajTenders.    Deposits.  Circulation. 

AUB    16 138.580,700             909.100            8,718.300          5J.7i!7.600  85.(Kll.9U) 

Aug.  83 138.283,900             90 '.200            0,456,500          58.353.600  84,i)4;.lltO 

An?   33,." l3:l,5-.2.«0             915,800            8  997,4.0          52,3;i7,100  84.(55,700 

Sent    6 I3',99S.3(0             878,*t0            9.<lS.90n           5J8:S,;no  84.959,l«lii 

Sept.  IS 134,167,300             718,iOO            9.521,200          52,333,600  84,812,:00 

PblladelpUla  Banks. — Tli«    following   is   tlie  average    con- 
dition of  the  Philadelpliia  National  Banks  for  the  week  preced. 

ing  Monday,  Sept.  13,  1875  :  Total  nev 

Banks.  Capital.      uoans.     Specie.    L.  Tender. Deposlts.Ciiculat'n. 

Philadelphia |l,500,000     M.310.000     170.000      Il.233.0ll0       18.9(0.000  $1,000,000 

North  .America 1,000,000       4.612,000       27,000         1.015.(00         3.166,000  7S3,00f 

Farmers  and  Mech.   2,000,000       6,436,81)0       62.8(0         1.373.900         5.858.200  1.000.000 

Oommerclal 810,000       J,612,000         5,0(0            52;,IVO         1.724,000  68,(00 

Mechanics'  800,000       2,1111,(00           8!8           367,310         1,224,701  474.000 

Bank  N,  Liberties,        500,000       3,1151,000          ....            ei'o.OOO        2.636,000  420,000 

Southwark 250,00(1       1.491,750         3.619            678,650         1,581,008  199,070 

Kenslniton 850.000       1,1IJ1,(H6          ....            242.0C0            74S,265  820.990 

Penn 500,000       l,3ii^.270         l,li(:0            266.965            938,635  214,81.', 

Western 400.000       8.109,180       16,358           724,310         8.8.55.071  Hi.HiV 

Manufacturers'...      l.OOO.OOO       2,5'iJ,000          ....            310,000         1.682.000  53l,0n0 

Bank  of  Commerce      250,000          781.698            578            140,464            569,5!i6  192.586 

airard    1.000.000       4,855,000         9,000           974,000         3.481,000  591,0(*l 

Tradesmen's 800.000       1,582.076         6,829           459.883         ;,38l,8;8  ;80,.i9S 

OonsoUdatlOn 300,000       1.815.3;7         1.50O       ..193,281            73.127  870.001' 

City    400000       1.57.1,539         3,949           8:6,865            993,647  356.0S 

Commonwealth.,..       300.000          859,000          ....            186.000            617.0J0  2;S,0ni 

Corn  KichanKe....      500,000       8,181,000         8,5'!9           760,000         2,874,000  87'.,l'5() 

Union 500.000       1.660,000        3,000           SOSOOO         1,379,000  893.001 

First  1.000,000       4.583.000       80,000        1,:S2.000         3.^70,0(0  790,0(«i 

Third           .                     300.000          967,7(«1          ....            887.000            »S6,465  857,800 

Blxtta.' ISO.OCO         568.000          ....            158,000           426.000  13.5,(10(1 

Seventh 350,000          fi53,;KIC          ....            108.000           440,000  818.3B0 

BlKhth 875.000       1,09S,0(X1          ....            164,000           301.1)00  211,90(1 

Central 750,100       4,41«,iX)0         2,C0O        1,(124.000        4.377.000  43.1.000 

Binkot  Bepubllc.    1,000.100      2.89tl,00O            ...            488,000        1,0«000C  800,0«i 

Security...: 850;otO         'H.OOO          ....            113,00(.           411,000  130.C0D 

Total...  tt<.43S.0O('  168.047,426    »;40,180    J14,086,08S     119,314,496  |11.10!,4S3 

Tne  deviations  from  the  returns  of  previous  week  are  as  follown: 

Loans Inc,   »46O,.500  1  Deposits Deo.    1848.419 

Specie nee.      66,68;  I  Circulation  Inc.        73,002 

Leirni  Tender  Notes Dec.     8^8,4231 

The  following  are  the  totals  for  a  series  of  weeks  past  : 
Date.  Loans,  Specie.   LoftalTander.     Deposits.  Clrcnlatloi; 

Aug.  16 61,999,891             346,678          14,572.026          49,693  913  10,673,5f5 

Aug.23 S1.7T8.364             234,fi63           14.525,813          49,041,013  11,0]4.206 

Ang.SO... 61.T2«,I28             3li9.5S0          14,834,897          49.456,f63  11,(59.610 

S»pt.  6....„ 61.586  986             327,;47           14,814,511          49.568,915  11.083,481 

Sept.  18...,        ...      68,047.488             840,450          14.086,188          49,311,496  ll,lUl,4-8 

(jlJIITATIUKS  1.^  BOSTim.  FlllLAMLPHIA    AKD  OTHER  CITIES, 


8I0VB1TI»4. 

Uld. 

Ask. 

SBCTBITIKB. 

Bid. 

Ask 

BOSTON. 

Vermont «  Mass.,  1st  M.  «,'83. 

Malnels 

8T00K8. 

New  Hampshire, 6» 

imv 

Boston  4  Albany  stock 

Boston  «i  Lowell  stock 

13,  H 

138 

■io 

110 

71 

Massachusetts  6s,  eold 

do            58,  Gold 

Boston  68,  Currency 

113 

156 

Burllnston*  Mo.lnNebraakn 

46 

do     Ss.gold, 

Uhlcago  Sewerage  78 

(;heBhlre  preferred 

Chlca2o,Bnr.4  (jnlncy 

•l!> 

do       Municipal  78 

,**■ 

(Jin., Sandusky  &  Clev. stock. 

ii 

UM 

Portland  6s 

Concord 

Atch.  &  Topekalst  m.7s  ..  .. 

70 

■Jonnectlcnt  Klver 

do               land  gt.  78.... 

78 

Connecticut  &  Passnmpsic,  pf. 

85>, 

s?* 

ii'l\ 

38 

do               land  Inc.  188.. 

ttastern  ( New  Hampshire) ... . 

Boston  &  Albany  7s 

Boston  &  Maine  78 

112 

Manchester  &  Lawrence 

Burlington  &  Mo.  Neb.  88.  1894 

101 V 

Nashua*  Lowell 

iOM 

,S5 

do              do    Nub.  88,  1883. 

Northern  01  New  Hampshire. . 

84 

Eastern  Mass..  7s 

75 

Norwich  A  W  orcester 

128 

Ind.  CIn.  &  Laf.  78,  1869 

Ogdens.  ft  L.  Champlaln 

38  )( 

34 

do         equipment  lOs. 

85 

do               do       prel.. 

84H 

do         funded  debt  78 

OldColony 1 

U8X 

113 

Ogdensbnrg  *  Lake  Ch ,  Ss 

Old  Col.  &  Newport  Bds,  7,  "77. 

Port..  Saco  A  Portsmouth 

•5 

99 

Rutland  common 

Jtutland.new  78 

... 

do     preferred 

19 

Verm'tCen.,l8tM.,couB.,7,'8« 

18 

Vermont  ft  Canada 

do      2dMort.,7,1891 

Vermont  ft  MassachnsetU 

•JX 

.1J.^ 

Vermont  &  Ctt&.,new,  88 

Worcester  A  Nashua 

.... 

IW 

BmT<»>^,    rHtIiAI>BliPltI»^.  Ete.-Continaed. 


alOUKiTima. 


PHILADELPHIA. 

aTATK  ASD  OITY  BOKDS, 

PeiuiftyWaDla5B,  coup 

do  do    reu 

do  6t,  10-15,  8d 

do          do       15-'85.  Sd.. 
Philadelphia  68,  1  Id 

do  6s.  new 

Alleghany  CotintT  SB,  coup... 

Pittsburg  48 

do       5b — 

do       7b 

New  Jersey  State  6b,  Exemptc 

(amilenCoaniy  «8 

Camden  ('ity  7ij 

Deluwarp  68 

Harrlsburg  City  6b 


BAILBOAD  STOCKS. 

Camden  ft  Atlantic 

do  do      pref 

Catawlssa 

do        pref 

do        new  pref 

Klmlra  ft  tVUllaniBport 

Blmlraft  WUllamaport  pref.. 

Bast  Pennsylvania 

HuntlngJon  ft  Broad  Top  .. 
do  do     pref 

Lehigh  Valley. 


LlttleSchuylklll 

Mlnehlll 

Hesqnehonlug  Valley 

NorrlBtown 

Northern  Centra! 

North  P'-nnsylvanla 

on  Creek  ft  Allegheny  River 

Pent  syi  vanlB 

Philadelphia  ft  Erie .. 

Pmlaaelphlaft  Heading 

Pliiladelphla  ft  Trenton 

Phiia.,  wuralng. ft  Baltimore 

United  N.J.  Conipnnles 

We«t  Chester  coneoi.  pref 

WestJersev 

CANAL  STOCBB. 

Lehigh  Navigation 

Morris 

do    pref 

Schnylklll  Navigation, ....... 

do  pref 


Bid.  Ask 


IWX 


113 

mi 


40)4 


5:« 

(1% 

50 

31 

S8S 

... 

,M 

59 

96K 

.!9 

9U 

58 

531, 

9>. 

»X 

90 

SI'^I 

80H 

SO-* 

565 

So* 

BAILBOAD  BONDS. 
Allegheny  Val.  7  3-lOs.  ',896  . 

do       IsE.  Kxt..l910 
do     Inc.  7send.'94., 
BelvldcreDelaware.lst  m.6,'71 
do  do      8d  M.  Cs.'as 

do  do       3d  M.l!6,'87 

Camden  ft  Amboy.  68,  '83... 
'do  do       6s, '89.... 

do  domort.  68, '89. 

Cam.  ft  Allan,  istm.ls,  g.  19(8 
do  8d  do  7s.  18*1, . . 

C»m.  ft  Burlington  Co.  6«.  '9!. 

ratawissa,  new  7".  1900 

Cayuga  lakelet  m.  g.  7'',1901 

Cohnectlnges  1900-1904 

Cliartlers  7b.  1901 

Dad..  11.  &'Wllke8,l8tm,7e,'8? 
D'-laware  mort.  6b,  various — 

East  Penn.  1  at  -nort .  78 ,  '88 

Kl.  ft  W^mspoit.  istm,  7s, '.10. 

do  do    Ss.ptrp 

Harrlsburg  ist  mort. 6«,'83..., 

H.&n.T.  lstmort.7B,'90 

do       8d  mort.  7s,  '75... 
do       3d  m.  cons.  78, '£5. 

Ithaca  ft  Athens  g.  7b.  '90 

Junction  1st  mort.  68, '80 

do       2d       do  1900(93; 

Lehigh  Valley,  6b,  1898 

60         do  do,    reg.  189? 

ao        do        do  tens,  191" 

do        do  do  reg  19i3 

Little  8chuylkll\,lstM„7, 1877 

Northern  Central,  21  m.,66,'8.i 

Northern  Pnclflc  7  3-10b.  191'0. 

MorttaPenn.  let  m,  6s. '85 

do  8dm. 7s, '96 

do  chattel  M.  lOs 

(lo  geu.  M.  78,  1903. . 

Oil  Creek  ft  Ale.  K.  ei  n.  78, '8S 

OH  Creek  Ist  m.  78, '88..  

Pennft  N.y.C.&B  R78.'9«-1906. 

Pennsylvania,  1st  M.,6,1S80... 

'ID         gen.  m.  19'.(i,  coup 

do         gen.  m.,  reg.,  19Iv) 

Perklomen  1st  in.ti8,'!»7 

Phlla.  ft  Erie  1st  m. 6s. '81 

do         8d  m.  7».'S8 

Philadelphia  ft  Beading  6s,  80 

do  do      7s.  '93 

do  deb. bonds, '98 

do  g.m.7s,c,  1911 

do  do    reg, 1911 

do         new  conv.  78,  ■.393 

do  Coal  ft  I.Co  m.,7s,'98-'3 

Pitts.,  Cln .  A  St.  Luuls  7s,  '90. . 

ShamoklnV. ftPottsv.  78, IK):. 

Steultenville  ft  Indiana 7!».*84 

Stony  C '  1  eK.  let  m..  7tj,  19(7. . . 

Snnbury&Erle  1st  m. 78. '.7.. 

Sunbury  ft  Lewlston  7fl,  la&O. . 

Union  *  I'itusvllle 

DiltedN.  J.  c  ne.  ra.  68,  91.. 
Warren  ft  F.  iBtm- (S. '96  .  ... 
Westchester  cons. :b. '91.  ... 

West  Jersey  Ist  m.  68.  '96 

do  do    7s,  '.897  — 

Western  Penn.  BK.  6s.  1>93.... 

do         do     6aPb"96    

warning,  ft  Bead., 1st  M.,7, 190ii 
do  do   3d  Mort,19(r2 


OANAI.  BO.ND8 

Delaware  Division  68,  '73, . 
Lehigh  Navigation  68, '91.; 

do  Ti  '....' 

do  conv 

do  conv.,  g 

do  gold, 

Morrls.lstM., 6,1876 

do      adM.,  1375 

do      boat,  '85 

Pennsylvania  6b,  1910 

Schuylkill  Nav.  Ist  m,  6b,  ' 
do  8d  m,,e8, 
do  m,  6s,  c. ' 
do  68,  Imp.. '8 
do  68,  boat  ft  car, 
do  7b, boat  ft  car. 

do         acilp 

.  nsqnehanna  6s.  1894 


18X 


XH 


130 


ISIK 
53 


50 

6 
186 

''h 


91  i 

tea 
43 

96 
94)S 

59 
1011 
100 
.(I5)r 
107 


101 

!00 
uiH 
a 
101 
1O6 

101 

54 
100 
95 
95 

103X 
104 
'10 
99 
101 


103)4 
:(6 
1(5 
123), 

78 

104 
llOX 

mk 

93)4 

99 

88 
108 
109 

SIM 

10;  X 

h'8 
109 

75' 

85 

75 
100 
100 

•20 

166' 

165' 
99>i 

;('3 
so 

47' 


96 

i('8)<  m\ 

108 
96 
101 

m 
103 

108 
1U8 
100 

88 

»ih 

81  ik 

;9)4 

98 


SIX 


99X 


19), 


01 1« 
I03i 


109). 


103  !4 


U\ 


SBOTBITIBB, 


RAi.TiinonR. 

Maryland  6-,  deicnre,  J,  A  .1.. 

do        6n.  exempt    If^S? 

do        6*.  I'-nO.  quarterly... 

•10       58, quarterly 

Baltimore  68, 1884,  qoarn  rly. . 

do         S8.18S6,  J.  *  J 

do        «s  1890.  quarterly.. 

do        6«,Park,li!9  .  (J— M 

do        6«,  1  93.  M.  ft  S 

do        (■.exempt,'93,.M.ftS 

do        68,  I90O,  J.  ft  ,1 

do        «8, 190'8,     do    

Norlolk  Wat.r,  88 

BAT  t.BOA  l>  STOCKS.      Par, 

Bait  *  Ohlo-St.  ck 10(1 

do        Wash.  Brarch..'(0 
do       ParkerBburg  Br.  5) 

Northern  Central 50 

Western  K  aryland sc 

Central'  hlo 60 

Pittsburgh  ft  Conncllsvllle.  9( 

BAILROAl.  POSD-. 

Balt.ft  Ohic  68, '.>'»',  J.  ft  J... 

do  6a.  iSfS.  A.  »  O.   . 

N.W.Va..8d  M.'gnar)'-5.  J.&J 

PIttsb.  «  C<  nrellav.  7a.'98,  1.0 

Northern  Ccntial  e«.  181-5.    do 

do  6s,  190(1.  A.«0. 

do  6s,goM,1900.  .1  «J 

Cen.  Ohio  6',  Ut  M..'890,M.&S. 

W.  Wd.  68,  Ist  M..(Rr)'90.J.<' J, 

do  IstW..  1-90.  J.ft -J. 

d.)  21  ,«.,  (gu«r,)  J.ftJ. 

do  8d  M..  (cref.) 

do  8'M.(gr.by  «'.    o.)J  &J 
do     68  SilM,  (guar.)  J.&J. 
Mar.  ft  Cm.  7s.  t.  .»  A., '692... 
do  8d.  M.  *   N... 

do        8s, 3d. J.&J 

Onion  PR.,  ist  xuar..  J  *  J 
do       Canton  endorsed.. 

KrsCRLL*NKOr8. 

Baltimore  Gas,  certificate'. 
People'8  Ga* 


WASHI1VGTO<V. 

Perm  Imp., 68, g,  1891 

do  7s,  1^9! 

ilarket  Stock  bonds.  7s,  1W8.. 

WaterStock  bonds  76,1901.... 

7«.19(3... 

fund.  Loan  (Corg  )  a.85e,  i9'84 

6  year  Cera.,  7  3-10,  1875 

Ten  year  Bonds.  6b,  18i8 

(fund.  Loan  (Cong  )  6  g.  If98., 
Fund.  Loan  (Lec).t  s.g,  19"8.. 
Ce(  (i.ot  Stoc'ii  r.'iS)  5s,  at  plea) 
"  "  (1841)68, atpleat 
Chee.  &  O.Bt'k  ('47)  68,  at  pleas. 
Board  of  Public  Works— 
Cers.  Geii.Imp.88,lS7i 

I'D  1875 

do  1876 

do  1877    .... 

do  1878 

do  Series. 
Certlflca'eB,  Sewer,  8s, 1871-77. 
Water  CertlUcatee-Rs,  1877... 
General  itock.  8-.  1881 

do  68,  at  pleasure. 

Pounty  Block,  68,         do 
Market  slock,  6s,  d3 

CINCINNATI. 

Cincinnati  58 

do         68 

do         7b 

do         7-308 

Cincinnati  Sonth'n  RK.  T.SCs  • 

Ham. Co. .Ohio  6  p. c.  lOng  bds. 

do  do     7  p.c.ltoSyre, 

do  do      Ig  bds,7  &7.80f 

Cln.  ft  Cov .Bridge  s'ock,  pref 

do         bonds,  long, 

Cin.jHam.ft  D„lstM.,';,  80... 

do  do      8dM.,7,  85... 

do  do       3d  M.,  8,77.. 

Cln..  Ham. ft  lnd,7s  gnar 

Cln.  ft  Indiana.  Ist  M.,  7.. 


10 

r." 

104 
8S 
101 

ins 

114J( 

I0:> 

US 
108 
1'5 
103 


do  do     8d  M., 7,1877.. 

Colnm.,  ft  Xenia,  1st  M.,  7,  '90. 
Dayton  ft  Mich.,  1st  M.,7    81.. 

do  do       2d  M.,7, '84. 

do  do        3d  M.,7, '88.. 

do  To'do  dep.  bds,  7,  'Sl-'94 
Dayton  ft  West..  Ist  M.,  1681. . 

Jo  do        Ist  M.,  19(5.. 

do  do       1st  M.,  6,  1905 

Inrt.,Cln.ftLaf.,18tM.,7 

do  (I.ftC  list  M.,7, 188t 

Little  Miami,  6. 1883 

Cln.  Ham.  ft  Dayton  stock 

Columbus  ft  Xenia  stock 

Dayton  ft  Michigan  stock  .... 

do         8p- c.Bt'kguai 

Little  Miami  stock 


I,nlIINVII.I<E., 

Louisville  6s, '82  to '87 

do         6s.  '97  to  '98 

do         Watei  68,  '87  to  '89. 
do         Water  Stock  6s,  '97 

do         Wharfes 

do       special  tax  68  of  '89. 
Jeff.,  Mad . ft  I,l8tM.(IftM)7, '81 

do  do    8dM.,7,. 

do  do    1st  M.,'7,1906.... 

LoulBV.C.&Lcl.,IstM..7, '97, 

lOuls.ftFr'k.,l8tM.,6,'70-'78.. 

do       LoulBV.  Loan,6.'81 

I..  iKJ  Nash.  1st  M^  (m.s.)  'I.TJ, 

do    Lon.  Loan  (m. 8.16, '8f- s7 

do  do       (Leb.Br.)6.'S« 

do    lstM.(Mem,Br)7,'T0-'75. 

do    lBtM,(Leb.br.ex>'7.'80'a5 

do    Lou.L'n(Leb.br.ex)6,'93 

do    Consnl.  1st  M.,7, 1898..., 

,lcir«raon.,  Mad.ft  Ind 

Lonisv.,Cln.&  Lex., pref 

do            do         common 
Loulorllleft  Nashville 


ST.  liOIJIS. 

Sl  Loula  i't.LongBOQdB.... 

lo       Water  6s  gold - 

do  do       do   (new)* 

do  Bridge  Approach  g.es* 

do  Renewal  gold  68 • 

do  Sewer  g  69  (d«e'»18-3)" 
SI,  LcuisCia.new  Park  g.  68... 

do         c'y,  78 • 

At.ft  Pacific  guar,  land  grants 
do      8a  M.(lnnded).... 

*  And  Interest. 


7^ 

iiV  ■ 

•29 

89t 

5 

6 

4m 

48X 

k 

04  k 

'.05 

06 

ilK) 

101 

9  K 

100 

K1I 

97H 

98 

.... 

W\ 

ito 

1(0 

89 

15 

1.8 

Kill 

105 

icsv 

icsv 

9-H 

98S 

'■■^ 

18 

90 

90 

101 

105 

2«!k 

87 

a" 

98 

9S 

98 

67 

6',), 

itm 

98 

99)4 

88 

ta 

.... 

B9 

6«V 

S» 

my. 

89 

89« 

89 

89« 

89 

S9ii; 

89 

«»« 

67 

98 

100 

i-5 

88 

.... 

.'■8 

88 

•80 

35 

•92 

91 

'KB 

105 

•105 

1U7 

108 

108 

"9t 

•II'O 

lOIi 

•101 

106 

115 

r20 

90 

101 

:i>3 

93)( 
1(41 

91 

108 

811 

SI 

90 

91 

76 

1011 

113 

10(1 

108 

91 

93 

98 

98 

lOO 

•IIX) 

fi 

75 

80 

71 

73 

«-8 

94 

93 

91 

50 

5b 

96 

98 

42 

44 

103 

104 

95 

96 

00 

91 H 

90 

91 

=n 

91 

90 

91 

*l 

91 

9(1 

91 

89 
.0 

9J 

89 

74 

85 

86 

«9 

90 

05 

96 

••7). 

•8 

90 

IKIK 

9SH 

hx 

69 

88 

S'^X 

86 

:6M 

■?■ 

8 

4 

6 

SO)s 

31 

•99 

100 

IK)-, 

W4X 

195  i( 

101  X 

104)4 

IC4« 

less 

I04X 

40 

... 

36 

September  18,  1875  J 


THE   CHRONICLE 


273 


GENERAL  QUOTATIONS  OF  STOCKS  AND  BONDS  IN  NEW  YORK. 
U.  3.  Bimi*  M*  metJM  RaUroadBtockt  mrt  juottd  on  aprenotu page.    Price*  retyreuntlth$  ver  e»nt  talue.  tehatevtr  the  par  may  be 


9wrvnTTl9%. 


mate  ■•■4la> 

Un«iMh.UB. 


n  &:»: 


do      ••.MoBt.AKlrf'lBB. 

do      •a.Als.*  Cb*t.B^.. 

do      to of  U>^ 

Artin—  It,  twaAM 

do       XUR.*  n.8.  IM. 

do       7>,  MoDuhl*  *  L.  R. 

do       T».UR>.B.*!C  O 

do       1mMlM.O.*B.BlT. 

do       71.  Ark.  Ccat.  B.  ... 
CaUforaloli 

do        Ik.  lart*  koadi..  ... 

Coanrcttratta 

a«o>steii 

do       1«.  oev  booA 

da       li,  csdoned 

1»,gol»  boadi 


%•■  eoayoiL.  MTT... 
«o  do       199.. 

do      Wtrlooa 

KrDtack7«i 

La«lilau«i 

do        do  B««  bold*. 
do       doaovBootiDirA^M 

£    ft    fi 

do       m ,  ...or  i»ia. 

-••arftS^:::::::::: 

do     SSE 

MlMBalli.doolaurB...    ... 

do      do  MIL 

do      do  Wfl. 

LmSMl  «M  «I0  «  ted. . 

do       do  d*  {I 


BM. 


M 


•KTTBITIBS. 


lOIH 


MIM 


■•«  Tort  >ea<*  I 

do  Ao         eow. 

do  «i.  CoMi  Lew.  tm. 
do        It.        do  ItR. 

St      m,     tt       urn. 

Z  •^Mldn«....UR. 
M  ti.  do  eoap.. un- 
do to,  do  IOU..UH 
S  to.  do  do  ..ttoi 
do  to,  do  do  ..WS 
do  to.  do      do  ..MM. 

■  OtttOHOttM«^OU.J.*T.|  £ 

do  A. fa.  to 

do      ».C.lB....J.*jLlg 
do       do        ...  A  *"     *> 
>0V  '    '    ' 


Hallr*a4  Bonds. 

I  suck  Jbetamgi  Prtca.) 

' IM  bosda... 

ad     do    .... 
td     do 
'.*Crl*,l«mort 
par., 
lit  7i,  ■ 
*  Ohio  to.  lit  BU. 
do        ex  coop 
Chlca^  AAlton  slnkliur  fond. 

do  do    ucmort 

do  do    tecome 

JolletAOdewo.Utmort 

LoulalawAMo.,  In  m..  roar. 

St.  LoDto  Jock.  *  Chle.,  IK  m. 

Clilc..  B«.  *  Q.  •  p.  c.  tM  m. . , 

do  do    cooaol.  m.  7i 

CblcacOiBk.  Iilud  *  Padfle. 

;  I  do       s.  F.  Inc.  «•.■» 

iCrntral  of  K.  J,  lit  m..  Drw.. 

Uo  do     lit  eooBol.., 

do  do     con.  coDv..., 

'Am.  DortA  tmprore.  bonds. 

U-titffta  •  wnkrt  B.  coo.  iruar. 

do  do  do  Ti-IOdo. 
do  S  ft,goM.  K.D. 
do  4o  liini..LoC.D 
do  do  litm.I.AM.D. 
do  do  litm.  I.*  D.. 
do  do  m  m.  H.  A  D. 
Mm.  C.AM. 

tfOgwoL  ... 
a.     do   .. 
WaHoraafak-faad. 
«  tal.boada. 

«•  eoaaoLbda 

Sokfa  bda 
IMBort.^ 
a|>.|M^ 

na  *  CblCaBD CSarlad 

I'':i>naula,llt  aMft-OOOT... 

c  I.:. .  A  SfiloavknlM  aort.. 

IW  laooaASC.  P«tora,M  BMCt. 

do  da  Maort.. 

c.c-  e.*lad>.Ma.to,».  r. 


ao 
.•1M» 


lowaMlftill  Ml 


^Sf.,jr.A*j..gto.^ 

!«■  to  Man  Ol^t  M  a . . 

VMtoA  ite-IMaaft. 

do  do      itaan-. 

-iionHT.kaada.. 


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101 
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aioDamxa. 


ToL  *  Wabaah,  lit  m.  StX.dlv 

do  do       admort 

do  do       eqalpm't  bda. 

do  do       eon.  conTert. 

Hannibal  A  Naplea.  lat  mort.. 

Gnat  Wcaurn,  lat  mort.,  ISse 
do  ad  mort.,  18H.. 

QnlnoT  A  Toledo,  lat  mort.  1890 

nilnoU  A  So.  Iowa,  Ut  mort.. 

Lafayette,  nrn  A  Mlaa.,  ut  m. 

Han.  A  Central  Mlssourl,lstm. 

Pekln.Llncoln  A  Decatur,  lat  m 

Ctn..  LafarMte  A  Chic,  lat  m. 

Del.  A  Hndroo  Canal,  ut  m.,  tl 


do 
do 


do 
do 


Ml 

vm 


Lons  Iiland  RR.,  Ut  mort 

South  Side,  L.  I..  Ut  m.  bonda. 
weatara  UaloDTel.,  la(m.7a 

Mlaccllaaaona  Llat. 

iBnfnf  tfaolallam.) 
ctTtaa. 

.  AIbaoT.!J.T..to 

IBoffalo  Water 

ao      Park 

Cblcaco  to.  lone  dataa 

do      7«,acweraco 

do      7i.  water 

do      7»,  rlTrrbnproremont 

do      7b.  varlona 

ClerelaDd  Ta 

Detroit  Water  Worka  Ta, 
KUaabeth  Ctijr,  due  «... 

Haitfordto .V.' 

ladtoaapolla  r»a , 

Newark  Chy  7a 

Walar'"!" 

CUT  Wowr  bda.. -M 

■ier.'diwim  ..!"; 

Alcblaon  A  P.  Peak,  to,  cold.. . 
^SaUe  A  ParlUe  L.  O.Ja,  (Id. 


Bid. 


50), 


lOJX 


ins 


ICI 


ICOH 

nx 

1«     107 
W 

:ass  IM 

—     KM 
II  >« 

ini 
lot 

ito) 

•7 
W 

UB 
M) 


UB' 

hB 
WO 
MR 
lO« 

au 

MB 
MM 
MM 


AlchlaoB  A  Nebraaka,  t  p.  c 
Bar.  A  Mo.  ■iT.XaiMt  a.  7a.. . . 
Tdi;,do  la.... 
MB., do  to.... 

aS„doto... 

Creatoa  Branch 
_  _    Charlton  Branch  illl 

Bar..C.ILAM.iM.du.).|t.7>.  M 
Ctora*Mtoo.la(7a.(old  ...  U 
SBfonhPae.Hli.  7a.fold...,  ao 

do  to,Iilm.,(l  .... 

OuadBAIoatb*mlal7a,(Old  35 
Caatoal  rwHe  to,  aeld.  coot..  :  loi 
Ctoilral  of  lava  Mm.  7a,  (oldi  a 

da         da    Mm. 7a,(oldl    ... 
KaokakA  tLPaalto... 

Cotibaaa  A  Bv.to 

mxoa,>«orto  A  Han.  to. 
O.  o.  *  roi  B.  Vall«j  to. 
Qalaejr  A  Wanaw  to. 


flllnofaUraadTmnk.  . 
ICblcOsb.A  Minn.  to. 

I'rortaA  lluiiill<«l  U.  to 


* 

ttts 


I 


101 

la 

-.108 

*a  i» 

L"|0I 

u-i  to 


aa        oea*.i«(..M 

MarMHi*aa.,M  awn 

Ml<£oEtol..coaaal.to,i«i  . 

«•  Mto.to,MM,t.r. 

-.   **:        watoatkaada... 


da  to,r«*laauto.... 

M  *  Radsoa,  IM  a^eocr 
da        da    Mb_  ffc 
toaaa.to.Mto.a.Jd.it'- 

iiuUa,  laaMt,  X  coap. . 

.^acaiirSkiw: 


l^ea|0|Cltoiaa  A  I>nb.  I 
a^.A\r?L%T.,  iaim 


-II  7a,(oar. 

<l>e»Ke«  w.  <d  n.  aoldTi 

«  Batot.  V.  lat  7a,  a>  jtan 

^'     M7a,Mraan 

M  Ta-tofoon 

,_ AV^LdlT.,  lalm.c.  ia 

aua..  Saa*.  *  Vtooaa-a  7a,  (Id 

I  CoBB«e«lealT«ll«rto 

I  <:o«a«rUeal  WaatoraMto... 

<  i.irx.,  a  utrii.  Laka  Skon.. 

'o4l«  latla. 

*  la.  BRto. 

iN.iroii  a  it«v  I  iirtoaaar.... 

IDaUall.  kol  mrar  A  til.  to.. . . . 

iDaaJIaaa.  *  Uka  M.  lat  a.  to 

da    M  m.  to 

*  Ooloobtato 

-  li«1a.(old. 

'>Onade*a,(old.| 
C>B«fefdaT..7a..' 


101 


IBS 

a 

«' 

10 

loi' 

to 


tl 


BkCtTBITIXS. 


V.  J.  Midland  Ut  78,  gold 

do  Jd7» 

y.  T.  A  Oaw.  Mid.  1st  78,  gold 

do  do        8d  78.COUV. 

NorU  .  Pae.  Ut  m.  (old  ■  3.1Ua.. 
'Imal  a  A  Soulhweatern  UK.  « 

Oawego  A  Rome  7a,  guar 

E'eorla.  Pekln  A  J.  ut  mort 

Peoria  ft  Rock  I.  7b,  gold 

Port  Huron  A  L.  M.  7s,  gld,  end 
Pullman  Palace  Car  Co.  stock, 
do  bda,  88, 4th  Bcrle« 
Rockf'd,  R.I.  A  St.  L.  Ut  7b.  gld 
Rondout  A  Oawego  7b,  gold. . . 

Sioux  CitT  A  PaclOc  to 

Southern  Minn,  construe.  6a. . . 

do  7b 

8t.  Jo.  A  C.  BI.  Ut  mort.  10s. . . 

do         do  Sp.  c. 

St.  Jo.  A  Den.  C.  to,  gld,  w.  D. 


M 
....'  IS 

HK  n 

to 


to 

•IK 


ff**- 


LO.  to    - 

cfcoada. 

,M  aort.  boa 

APtoltor  laadn.B 
.  jdM  RK  M«.  tH  Wo 
B.ofM»    ' — 


nx 

MM 


tf ., 

7a,*qnlp to 

-•rm*.  lleo.A  KB«hr.7B..'  ... 

' -Iklown  A  Padti.  >»  run.      .. 

..II1«,T.  H.  Al.hlc.U.g     T3 

r  iiiit  *  PvroM.  7*,Laad(rmot.|  w 

ton  W^JarkBon  Adw.to....   M 

Uraad  R.  A  tnd.  Iai«aar7a  ...|IM 

do  111  1..  <•  7.  .  ,  O 

ta  i.T     .       .  -<) 

iBItrarTallrj 

lATakaaC.i,:  -•> 

kVtoorn.i.t  ...KUBr    jU 

_i  c.  lat  Is... 

.  Loola7B.... 

.Ial7a,(. 

•)M(.    . 


KiBanrM,1iiartdMloB,(old 
te       Ji,laBd  (raoj.glii^ 


n 


iii — ^, ^mun.^f^. 

■wMllliaaaaa  »inrh 


_UM[MTata« 

Waiwjiiwarp 


Cla»«,A  i-i»'  . 

Col.,  a,: 
do 

loaa.  Waiert'n  a  ( 


•tnort.. 
.d  aort. 


vaienn  a  oa.ooa.  ■• 

I>aaMoBBlJa.la(a. 

da  Ma 


cwaniManoa  •  :aai  nr  wi  '" 
MaHpaaa  L,*M.  Co.  att^ftU 

ICoSStrom... 


HH: 


k  T    II      t.t    n.,,r. 


■  .  K.  I>... 

W.  D.. 

ii-ir.  t>iT. 

.^   Maori.. 

i.     .do  da  waaol.Ta 

llTM.  to  WitMk,  M  a.  Mtaad. 


m< 

'S' 

M" 

W 

.5" 

I 

:::: 

v 

to 

::;: 

«■• 

** 

m" 

75 
V,      do" new' aid!  « 
•a, (Id,  Jane  A  nee 
to,  do  Feb.  A  Aug 
to,  Itto,  land  granl 
7a,  teaireD.  br'neh 
lBeeaiea,N'o.  II. 
do       Mo.  It. 

Block 

Kalaaiaaoo  A  Boulb  R.  to.  (uar 
Kal..  Allarhan.  A  O.  B.  to,(uar 
KanBaa  Cltj  A  caxnerpn  Ito... 
Kan.  C,  81.  Jo.  A  C.  B.  to  ol  "to 

do      do  do   tool 

Kaokak  *  Doa  Molnaa  Ut  7b 

do        ut  coop,  Oct. .Tt 

do  rnndcd  Inl.  to 

do  pref.  Block... 

UOOI.  BboreRR.  Ut  m.  gld  la. 

Laka  Bap.  A  Mlaa.  1st  7a.  gold. 

LaoT..  Atob.  A  N.  w.  7b,  guar.. 

LobTm  Law.  A  Ual.  ut  ro..  IDs. . 

■•      r.  A»,  W.to,gld. 

Line  to, 

P.  Jrrvn'B.  gold 

aOBlrlalrul7s,(old 
o.,  Kansaa  A  Texaa       gold.. 
Ma,  R.,  Ft.  S.  A  Unir  iBtj).  lOs. 
da       do         do   aa  m.iaa. 
X.  Baroa,  Mlddtofn  *  W.  7a. . 


B,oaTM  i.aw.  m  uaj. 
JLoana.,  Craw.  A  I 
MKBkaa  Air  Line 
Meiiueollo  A  P.  Jr 


do 


do 


to 

I 


a 

100 


Se.gld,  E.  D. 
8andttskr,Mana.  A  Newark 7s. 
8U  LoDla,  TaudalU  A  T.  H.  Ut. 
do  do  2d,  guar. 

61. 1.  A  So'easiem  Ist  7s,  gold. 
8t.L.A  I.Mt. 'Ark.Br.lts.g. 
Sonthem  Central  of  N.  Y.  7s. . . 

Union  A  Logansport  78 

Union  Paciac,  So.  branch,  ta,K 
WalktII  Valley  Ut  7a, gold..... 

Weat  WlBoonsln  7b.  gold 

Wlaconain  ValleT  to 

Sonthern  Saenrltlea. 

Brokera''  (^uotatumt.'t 

8TATKS. 

Louisiana  new  consol.  7s 

Booth  Carolina  new  consol.  to. 

TexaaSulato,  1877 

do       to,  Itol.t 

do       7a,gold 

do      Ms,  of  ISM 

do      Ito,  penaloo 

oiTisa, 

Atlanu,  Ga.,  7a 

do       to 

Antnata,  Oa.,  7a,  bonda 

Cborleaton  atoek  to 

Charleaton.  8.  C,  7s,  F.  L.  bda. 

Colnmbla,  8.  C-to 

Colnmbua. Oa., 7s,  bonda.... 

LnchbursM    

Macon  7a.  bonda 

Menphlaold  bonda,to 

do      now  bonda,  to. 

do      end.,  M.  A  C.  RR.  ... 
Mobile  ta,(coupa.  on). . 
do     to,(oonpa.on).. 

MoatooBieiT  to. 

KaabrkUe  toxoid 

do       to,  now 

Hew  Urloasato 

do  oonaol.  to 

do  bonda,  7s.. 

do  (Old  7b,  quarterly 

do  Ito. 

do  to  raUroada,to, 

Borfolk  to 

rotcraburgto 

BMimona  to 

Barannab  7s,  old 

do       7b,  new 

Wn>nIn(ton,  N.  C.,to,(Old.. 
do  do     to,  (Old... 

■AiLaoaoa. 
Ala.  A  ChaU.  lat  m.  to.,  end.... 
Ala.  A  Tcnn.  K.  1st  mort.  7b.  , . 
do         do         adffiort.  7s. ... 

Atlantic  A  Onlf ,  consqli 

do  do   end.  iaraa*h. 

do  do    stock 

do  do      do    (oar... 

Carolina  Central  Ut  m.b,  (... 
Ceatral  Uear(la  eooaol.  n.  la. 

do  stock 

CharlotU  Col.  A  A.  Ut  M.  7a.. . 

do  do      stock 

Cbarleaton  A  Savannah  as^  end 
BaTannah  A  (*har.  Ist  m.Ts  — 

Ckeraw  A  Darlington  7a 

BoatTrnn.A  <*eorglata 

Raal  Trnn.  A  Va.  to,  end.  Tenn 
fc.  Teun.  Va.  AUa.lst  m.  7s.. 

do  do        stock 

O«or«la  RR.7S 

do  stock 

Greearnio  A  Col.  7a,  (oar .... 

do  do  7a, eertir... 

Horoa  A  Branawlck  end. 7a.,. 

Macon  A  Anauau  bonds. . .  .. 

do  do      endoraod... 

da  do      atock 

Memphla  A  Charleaton  Ut  7s. 
do  do  9d7i.. 

do  do         stock 

MemphU  A  Little  Hock  latm.. 
MlaaUalppI  (.'eutral  Ut  m.  7a. . . 
do  2d  m.  to... 

Mlaalaalppl  A  Tenn.  Ut  ni.  7b. 
do  do     cooaol.  to. 

MOBUomery  *  Weal  P.  Iti  to. 
do  do  Income 

Mont.  A  KufauU  lat  to,  g.  end. 
Mobile  A  Mont,  to,  gold,  end. 

Mobile  A  Ohio  slerlTng 

do  do       do     ex  certlf 

do  do  to,  Inlercat 

do  do  Zdmort.to 

do  do  stock 

K.Orleont  A  Jacks,  ut  m 

do  do    certirsto.. 

V.  Orleans  A  Opelotia.  utm.to 

Sashrllle  A  Chattanooga  to. . . 

.S'orfolk  A  PMertbnrg  1st  m.  to 

do  do  7b 

do  do         idm.to 

Nortbeaatem,  8.  C,  Ut  m.  to. , 

do  3dm.  to.., 

Oran(a  A  Alexandria,  lata,  to,. 

do  do  ads,  to.. 

do  do  ads,  to. 

do  do         4thB,  to.. 

Itlchm'd  A  Petersh'g  Ut  in.  7b. 

Uich„  Fre'kab'g  A  -Poto.  to. . . . 

do  doconT.7s 

Kicb.  A  Danr.  Ut  consol.  to... 

-sonthweat  KK.  Ua  ,  ut  m. 

B.  Carolina  UK.  Ul  in.  7a,  new. 

do  to 

do  7s  

do  stock 

Weat  Alabama  m,  guar 

paar  m-a  riu-po.««B, 

Tenaeoaee  state  coupona 

Virginia  coupons 

>      conaol.  coup,.., , ... ,. 
Mompbla  City  ooupona 


Bid.  Ask 


s« 


» 

45 

gH 

to 

100 

N 

70 
77 

a 

M 

to 

io' 
a 
ao 

M 

« 

M 

ao 
ao 
ao 

70 

M° 
«a 
a 

M 

.ao 

75 
to 
H 
85 


^% 
9S 

100 
75 
45 

■a 

M 
N 

ISH 

•6" 
ss 

78 

ao 

is" 

30 


ss 

£0 

as 

68 
IO.H 

78 

n 
m 

H 

70 

la 

71 
85 


40 

SO 

to 

75 
78 
to 

td 

100 

ao 


274 


THE   CHRONlCOl 


(September  18,  1876. 


NEW  YORK  LOCAL  SBOURrTIBS. 


Bank  Slock  List. 


C03IPAN1B8. 


Marked  tlms  (• 
notNatlOu 


■:/. 


America' 

American  KxcbauKe. 

Bowery 

Rroadvay 

Ball's  Head* 

Batchers  vk  Drovers . . 

Ceniral 

Gbathatu 

Otieiiilcal 

Citizens* 

City 

commerce 

Continental 

Corn  RxchanKe*..., 

Currencv 

Dry  Goods" 

BastRlver 

Bleventh  Ward*.... 

Fifth 

First 

Fourth  

Fnlton 

Gallatin 

German  American* 
Oermati  Exchanfie*. 

Ge.'manla* 

Greenwich* 

Gran  1  Central* 

Grocers' 

Hanover 

Harlem* _ 

Imnorlers'  &  Traders*. 

IrviUK 

Island  City 

Leather  .\fauulactrs.. 

Loaners**       

Manufctrers'Ji  Build.* 

Manhattan* 

Mannt  x  Mercbants*. 

Marine 

Market 

Mechanics  

Mech.  BkK  Aa80*tlon.. 
Mechanics  ft  Traders.. 

Mercantile 

Herchants 

Merchants*  Ex 

Metropolis*  

MetrapoUtan 

Murray  Hill*  

Nassau* 

New  York 

New  York  County 

N  Y.Nat.  Exchange.. 
N  Y.  Gold  Exchange- 
Ninth "... 

North  America* 

North  Klver* 

Oriental* 

Pacific* 

Park „ ;,.. 

Peoples* 

Phenlx 

Produce* 

Republic 

St.  Nicholas 

Seventh  Ward 

Second 

Shoe  and  Leather 

Sixth  

State  of  New  York.... 

Tenth 

Third 

Tradesmen  *B 

Onion 

West  .Side* 


Capital. 


Par  Amount. 


3,0"Ol»H' 
S.OOO.lHXi 

1.(10  s  K' 
3UW.100 
BOtl.lXU 

2.ll«l,liWi 
4oU,(i(Ki 
8UU,IW 
Mil.tlW' 

1,000.IXIU 
10,(1U0.U(XI 

i,siiii,tiai> 

I.IWIIWI 
100,(1011 

i.nuo.ouo 

35U,00(> 
iUl.OOO 
ItO.OW' 
SOOliOi 

5.000.00(1 
600.000 

1  SOO.OOl' 

llWO.OOO 
210,000 
200,001) 
30(1.0110 
100,000 
300.000 

1  OOO.IXK) 
'100,000 

1.50",i«' 
500.000 

lai.ni  0 

600,000 
500,1  HXI 
*:  0,000 
2,050.(100 
»*,000 
400.000 
I.OOO.OOC 
2.000,(XI0 
500,000 
600.000 
1.000.000 
S.(00,0(X) 
1,000,000 
600,000 
4,000,000 
2»,000 
1,000,000 
3.000.000 
200,000 
500,0i« 
500.000 
1.500,010 
1,000.000 
4(»,0'!0 
300,000 
423.70.1 
2,000,000 
412,600 
1,800  «I0 
25l",Ono 
2,000,000 
1.(»X1,000 
300,000 
300,000 
1,0110,000 
200  000 
2,000,010 
.-  1,(I00.0(« 
100  l.i'OO.OOC 
40  l.OOO.OO'i 
50  1,500,1100. 
""      200.1100  [ 


100 

100 

lUO 

26 

10 

2.1 

100 

26 

100 

25 

100 

lUO 

100 

100 

100 

luo 

25 

26 

100 

100 

100 

30 

50 

100 

:oo 
loo 

25 
2J 

40 
100 
100 

lUO 
51 
50 
100 
100 
100 
50 
lOO 
lOJ 
1(»' 
25 
50 
2.i 
100 
50 
59 
100 
100 
100 
100 

ion 

1110 
lOO 
100 
100 
100 

50 

25 

50 
1011 

25 

20 
l(l(, 
100 

:oo 

100 
100 
100 

:iio 

100 

ion 


DiTISEHDB. 


Periods 

J  .  «  .1 . 
H.&H. 
J.&J. 
.1.*  J. 
Q-J. 
,).&J. 
,I.*J. 
.1.*  J. 
ev.2mos 
J.  4. J. 
Q-F. 

,r&  J. 

J.*  J. 
F.&A, 
,).&  .1. 
J.&  J. 
.J.&  .1. 
J.  A  J. 

,1.4  J. 
M.&N. 
A. 4  0. 
F.&  A, 
M.&N. 
M.&N, 
M.*N. 
M.&N. 
.J.&  J. 
.!.&  J. 
M.&S. 
J.&  J, 
J,  &  J. 

.jV&',i, 

t'.ftA. 
.J.&  J. 
F.&A 
J.&.J. 
J.&  J. 
J.&  J. 
J.&J. 
M.&N. 
M.&N. 
M.&N. 
J.&  J. 
J.  4.1. 
J.  4  J. 
.1.4  J. 
A.  4  O, 
M.4N. 
J.  4. J. 
.!.&  J. 
,1.4  J. 
J.&  J. 
J.  4  J. 
J.  4  J. 
J.*  J. 
,1.4  J. 

Q-F. 
J.  4. J. 
.1 .  4  .J , 
J   4J. 

F."4A. 
F.4  A. 
J.  4.1. 
J.  4, J, 
J.  4. J. 
J,  4  J 
M.4N. 
J.  4  J. 
J. 4,1. 
J. 4.1. 
M&N. 
,T.  4.). 


1879     1874     Last  Paid. 


7 
II 
14 

B 

11  2-S 

8 

3 

7 
10 

20 

'io' 


u 

10 
'0 

7K 
10 

9 

8 

4 

8 
10 

8 

8 
10 
13 


7 
12 
12 
12 
10 

7 

3X 

8 

8 

3 
12 
12 

S 

8 

I** 


Julyl,'75...5 
Mav  1,1.1... 4 
July  1.  ■7a..« 
Jnlvl,*7S..12 
Sept.  1.*7S..6 
Jcilyl,*75...5 
Jnly  1,*75...4 
■lu  vl.*75..  .5 
Sept.  i.'Ti.lB 
July  1,7.5.. .4 
AUK.2,*'S...6 
■Julys.  75. .-4 
July  6. 15... 4 
AUB.i,  "75...5 

Julyl,*74.    • 

JulvI0,*75.  . 
la  y  t,*73...4 
Jnly  I,  7n.3K 
July  i.'7D.2>« 
Jnlyl.  15,  " 
J'i)yl,*7i;. 
May  !,*75, 
Apt  10.  •7.5.  .4 
Feb.  1,  ■74,  " 
May  1,  "74... 
Miiy,  1.*75...8 
May  1,15..  10 

J'u'y'lVlsV.'.B 
July  1. '75..  4 
Mel.. 1, '75.. 4 
Jnlyl,  "75... 7 
July  1,'75...5 

.;'uly'i!"!5.'.'.6 
Fet).12.'74.8K 
Jan.IO,'75...4 
An(!.10,"75..6 
Julyi,*75..S« 
lulvl,  *75...5 
July  :,'75...4 
lulyl,*75...5 
May  !,*75....3 
May  1.'75,..5 
Mav  1,'75  ..4 
Inly  1, '75... 4 
Inly  1,"I5...4 
lulyl,'75.S>« 
Julys,  ■75... 5 
Apl  i.TS.  .4 
May  lo,*75..4 
Jnlyl, '75.. .6 
Jnlyl,'7,'i...7 
Julyl,'75.3>, 
May,  "73... 5 
Jan.  2,  •75...  4 
July  1. '75  ..4 
July  I,  '74.8X 
Jnlyl. '75... 6 
Ann. 2,15..  .3 
In  yl,'75...6 
J  ly  1.'75...6 
Jnly  l.'75.3)4 
JulylS,'74.3>i 
Feb.  S.  *75.  4 
Aue.  9,  15. .4 
Julyl,*75...3 
Julyl.  15... 7 
Ju'y  1,"75...6 
July  1,  75... 4 
^' ay  1(5, 15..  4 
Jan.2'74.2Hg 
Jnlyl.^'ra-.  4 
July  1,15... 5 
My  1.'75...5 
Jnlyl, '75... 4 


PStOB. 


LWii 

100 
185 

800 
120 
91 
130 

iai' 

ISO 


108K 
lUl 


9rH 


136 


Oas   and  City  R.R,  Stocks  and  Bond«. 

rQuotatloaBT)y  Charles  Otis.  Broker,  47  Exchange  Place.! 


Gas  Companies. 


Brooklyn  Gusj  IJght  Co 

CitizcDB'Gaft  Co  (Bkliii..,. 
do  ct^rtiiicateB., 

Harlem 

Jersey  City  &  Hoboken 

Manhattan 

M^itropolltau , 

do  certiUcates... 

do  b  n  .8 

MituaUV.  Y 

Hassau.  Brooklyn.     .    

(to  scrip..... 

New  York    

People's  (Brooklyn) 

do  do       bonds.  . 

Westchester  Couutv 

Ctiitiflcaies 

Bonds  .    _ 

WUUamsburg  . 


do 


8PHn 


Par  Amuunt. 


BUecKer  i::ii.dt  J''tilwnI''errt/'-~6iij<:h 

Ist  mortgage , 

Broadway  <fc  Seventh  .4ye— stock. 

Iflt  moriKage 

Brooklijn  &iy— stock 

Ist  mortgage 

Broadway  i  lirookly7i)—BtovX 

Brooklyn  it  Hunter's  Jt—stock... 

Ist  mortgage  bon'ls... .., 

\Jentrat  Pk,  N.  dc  E.  JWrer— stock 

'»t  mortgage 

i>x        do         

Christopher  &  7en  th  ,V«r«er— stock 
V  ^7iey  iHtand  dc,  BrooVn—ist  niort 
Dry  Dock,  &\  B.  it  Batter y—atoc.^ 

l8t  morttragt!  cons'd 

Ibigh  th  Aven ««— stock 

Ist  morti:;age 

\i(tSl.  *fe  (^rn?id  St  Iferry— Block.. 

l8t  inortKitge . 

Ceftlrat  CroiH  7 own- stock 

Istraortgage 

AiiUh  /iPCHwe— stock ... 

Istmortgage ...    ., 

SeconO-  Aoeiiue— stock     

Ist  mortsa^ite ,. 

ZQ  mortgage 

Sd  raortgai/e 

Ccsns.  Convertible 

Sijilh  A-nenuK-  stock 

Istmortgage 

Third  Ant  Hue— Block .... 

\At  niorteago 

1  'r^.nty-lhtrn  Street— Hock 


2,000,000 
1,200,000 

300.1  H-d 
1,850.000 

386,000 
4,000,000 
^,:  00.000 
l.f  00,000 

50(,»,0(i0 
5  0(X).000 
1,000.000 

500.000 
4,000,000 
1,000.000 

300,000 

4^6,000 

53.000 

-'1.1  0(. 

1,000,000 

l.itOO.OOO 


Periods. 


Q-F. 

Q-J. 
A.&O. 
F.&A. 
J.&  J. 
J.&  J. 
M.&S. 
M.  &S 
J. A  J. 


M.4N. 
Q-F. 
M.4S. 
F.  &  A. 

J.  4  J. 
J.  4  J. 
J.&  J. 


Last       Bid. 
dlvluend. 


July,  '75 
July,  '75 
Apr.,  '75 
Aug.,  '75 
July.  '75, 
Julv,  '75, 
Sept  20,15 


liy.    '71 
uly,  '75 


May     1,5. 
July,    '75 


July,  '75. 


5    ;July,    '75    145 
7    ' 102H 


245 
152 
101  J, 


102  X 

'.f5 

101 


105 

ios' 


100 
1000 

.50 
lOOli 
10  0 
1000 
1000 

too 

10110 
10(1 

1000 
IW 

U<1' 


tfuu.oou 

614,000 

2,100,000 

1,1100,000 

2,000,000 

300,000 

200,000 

4011,000 

8110,000 

1,161.000 

S.'il.i.OOO 

600,0(111 

6.1(1  01.10 

307,000 

1,200,000 

901.1.(100 

1,000.000 

203,000 

750,000 

2.'0,000 

5(>0,000 

200.000 

797.000 

167,000 

!,( 99.500 

350.000 

200,000 

150,(100 

aw.' DO 

75O,0OC 

250,000 

2,000,000 

2,000,000 

600,00(1 

1?n  ncii 


J.&  J. 

7 

1880 

J.&J. 

3 

Jnly,  75 

71 

72 

J.4D. 

7 

1S84 

92X 

Q-F. 

3 

ife 

190 

j"4J. 

7 

102 

101 

J.  4  J. 

5 

July,  75 

160 
6S 

J.  4  J. 

7 

1888 

f5 
S3 

F.4A. 

7 
7 

1882 
1890 

M.4N. 

70 

80 

J.  4  J. 

7 

1877 

,«zf;: 

2 

May,  ^75 

, 

87 

J.4D 

92H 

96 

J. 4.1. 

6 

July.'75 

155 

J.  4  J. 

■1 

100 

M.4N. 

4 

7 

"ife-^^ 

A.40. 

ioo" 

65 

J.  &  J. 

7 

.r.'&D'. 

2 

July.  75 

■K" 

7 

1877 

IIO 

F.4  A. 

7 

1876  . 

100 

A.40. 

7 
7 

1885 
1888 

M.4N. 

86" 

M.4N. 

5 

Mav,15 
1390 

J.  4  J. 

ioo" 

Q-F. 

2H 

Msy,   -75 

ISO 

J.4J. 

■I 

1R90 

tliO 

J   4  J. 

4 

Jnly,'75 

(to 

M  4N, 

7 



100 

Inanrance  Stock  Liiat. 

(Quotations  hv  K.  8.  Kaii.kt.  broker.  65  Wall  street.) 


COHFAHUS. 


Xbu  coiiiK.u  fauuwB  last  aiviuejju  •.u  vuicktf  also  uate  ot  n.>a*.urtiy  ot  frun4i. 


Adriatic 

.<£tna 

American 

American  Ezcta'e. 

Amiiy 

Arctic 

Atlantic 

Bowery 

Brewers'  4  M'lst'rs 

Broalway 

Brooklyn 

Citizens'.    .. 

City 

Clinton 

Columbia.... 
Commerce  Fire.... 

Commercial  

Continental 

KaKle  

KmplreClty 

Eiiiporlum 

Kxciiange 

Farra^ut 

Firemen's  

Klrenu-n'sFund 

Firemen's  Trust... 

Gebhard 

German-American 

Germania 

Globe 

Greenwich 

Guaranty...  

Guardian 

Hamilton 

Hanover 

Hoffman 

Home 

Hope 

Howard 

Importers'4  Trad.. 

Irving 

Jefferson 

Kings  Co.  (B'klyn) 

Knickerbocker 

Lafayette  (B'klyn) 

Lamar..    | 

Lenox 

LonKls]and(Bkly.) 

Loriliard    

Manuf  &  BnUders*. 

Manhattan 

Mech.4Trad'r8'.... 
MechaniC8'(Bklyu) 

Mercantile 

Merchants' 

Metropolitan 

Montauk  (B'klyn), 
Nassau  (B'klyn).. 

National 

N.  Y.  Equitable..., 
New  York  Fire  ... 
N.  Y.  4  ionkers.. 

Nlairara 

No!-thP.lver 

Pacific 

i'ark  

Peter  Cooper.  .... 

People's 

Phenix  (B'klvnl  .. 
Produce  Exchange 

Kelief 

Republic 

Kldgewood 

Resolute 

Rutgers' 

Satetfuard 

St.Nlcholas 

Standard 

Star 

Sterling 

Stuyvesant 

Tradesmen's 

ITnlted  States  

Westchester ... 

WllliamshnreCltv. 


Capital. 


Par  Amount. 


300.000 
200,000 
400.000 
200,000 
2Ml.00(l 
201.000 
•200,000 
810,000 
200.(KO 
200,000 
153,000 
800,000 
210,000 
260.000 
SOO.OOO 
200,000 
200.000 

1,000,000 
800,000 
200,000 
•»il,0(0 
200,000 
200.000 
20J,000 
160,000 
150,000 
200,000 

1,0110.00(1 
600,000 
20O.000 
200,000 
200,000 
200,000 
1.50.000 
BOO.OOO 
200,000 

3,(W,000 
150,000 

roo,ooo 

200,000 
200,000 
200.010 
150,000 
280,000 
150,000 
200,000 
150,000 
200.000 
300.000 
200.000 
250.000 
200.000 
150,000 

:co,ooo 

200,000 
300,000 
200,000 
200,000 
200.000 
210,000 
20(1,000 
200,000 
600.000 
3.50,000 
200,000 
200,000 
i50.(XI0 
150,000 
1,000,000 
i'Oil,l  00 
200,000 
800,0(10 
200.((iO 
200,000 
200.00(1 
2(«i,000 
200,000 
200,000 
200,000 
200.000 
200,000 
150,000 
250,000  1 
250.000 
■;50,onn ' 


43.U»7 
126,796 
t329,ll9J 

90,663 
t885,281 

28,741 
143,162 

77,712 

'.4,861 
136,241 
174,«;2 

80,264 
121,817 

83,443 

79.383 
169,447 

67,2Sl! 
115.712 
187,769 
316,758 
122,479 

50,008 
151,863 

36,755 
121,476 
234,314 

96,618 
310.385 
196JK1 

20,629 
426,524 
13S,6«l 
350,139 
166,216 
211,644 
132,708 
536,2'« 

r2,(10 

43,061 
101,002 

58,877 

30,441 
191,749 

90J197 
t6 1,403 
121,506 

7!, 077 
166,369 
1,53,966 
•246,825 
tl62,660 
^56.690 


1^1  VIUKNDS. 


ISTl  187i  IS7S  1871  Last  Paid. 


;X 


July. '76.. I 
July. '7.1... 
July.  ^75  .8 
Jnly, '7,1.. 6 
July, '75. .4 
Juiy,  15..5 
Juli.15..5 

inn  -,Ti.l5 
July,  16.  5 

\U|{..'75. 10 
Jn  y, '75.20 
Julv  1^.10 
411g.,"7i.l0 

Inly. '75.  :o 
July,  *75..r 
July,'75..6 
Jnly.  15.Ui 
July  •7!..  6 
July,  IMS 
July,  '75  .7 

Inly,  *75..5 
July, '75  10 
Julv,15.7X 
July, '75.. B 
July, '75.  .6 
July, '75.. 6 
Ang..'75..5 
Jnly, '75.. 5 
July, '75.  .s 
July, '75..  10 
Jan., '75.26 

nly!l5!.5 

Jnlv,'75..!0 
July, '76.  6 
Ju  y,'75..5 
Jnly, '75.. 5 
July, '73. .5 
July,'7.i>...6 
Jnlv,'75..6 
Jnly,';6,.6 
?ept.,'75,.5 
July. '75.  II 
Jnly,  I5.i( 
.Inly,  16.11 
July, ''5.. 6 
,luly, '75..5 
July,  '76, . 1- 
Jnly,';5.  .5 
July, '76.. 6 
.Inly,  '75.. 7 
Jnly,  '76.10 
July, '75.  .5 
Jnly, '75.. 6 
Jnly,  ■73.10 
July.  "75.. 5 
July, '75.10 
■lui  e."75.10 
July, '75.. 6 
lnly,ir).10 
Aug. .'75.10 
July.  15...- 
July.  '76. .5 
Apr.,  "76.. 6 

Jl.lv, '73.2:1 

Joly.1i.IC 

Jiili  .'75.10 

Jn  T,  75.10 
Jn'y,  15., 5 
July. ':5..5 

July. '75  6 
Julv, '76.. 5 
Ju'y,  15. .6 
July, '75. 5 
Auz.,'75.10 
July,'7l.7>( 
AUpr.,"73..5 
Juy,^:5.6.6 
July,15,7V 
Aug. ,•73  .5 
.luly,  '75.10 
Julv.  •75.10 
July, '75.. S 
Aug  ,'75..? 

Ju  y.  16. ;r. 


Bid     AakA 


90 

160 

no 

93 
103 

90 
106 
1'.5 

80 
165 
165 
180 
•,60 
ICO 
100 
IsO 

90 
120 
I02i< 
•il!5 
150 

SO 
190 

76 
175 
185 
110 
205 
170 


130 


101 


150 
320 


170 
115 
97X 


id 
175 
200 
140 


9S 
195 

BO' 
1S5 
195 
116 


118 
100 
95 
95 

no 

85 
185 


»  overall  llabilitiea.  iiielnaiut;  re--.ii8urauee.  i-.apital  ami  iiroiii  ^*-ii|. 

t  Stock  dividends  of  25  per  cent  by  the  Hanover  and  Westchester,  2)  per  cent 
by  the  Home,  and  33X  per  cent  by  the  St.  Nicholas,  have  since  been  declared  out 
of  above  net  surplus. 

CSty  Secnritles, 

[Quotations  by  Dakixl  A.  Mokas,  Broker,  40  Wall  Street.] 


yew  York: 

Water  stock IMI-63 

do       ..-. 1S54-57 

Croton  water  stock.  .1845-51 

do  do       ..1852-60, 

Croton  Aqued'ct  stock. 1865 

do       pipes  and  mains 

do       reservoir  bonds 

Central  Park  bonds.  .1853-157. 
do         do         ..1853-65. 

Dock  bonds 1852. 

do         1870. 

do        1-75. 

Floating  debt  stock 1860. 

Market  stock 1865-66. 

8oldiers'ald  fund 1863. 

do  do      1863. 

Improvement  stock 1869 

do  (.0      1869. 

Consolidated  bonds var. 

Street  imp.  stock' var. 

do  do        var. 

Npw  I'onsftlldated 

Westchester  County 

Jersey  tMy: 

Water  loan 1852-67. 

do       long 

do        1869-71 

Sewerage  bonds 1866-69. 

Assessment  bonds.  ..187(^-71. 
Improvemnnt  bonds    ...     . 

Hergen  bonds 1868-69. 

flrooA-|tf7i— [Quotations  by  N. 
Local  Improvement — 

Cltv  bonds 

do         

Park  bonds 

Water  loan  bonds 

BrMgebonds 

Waler  loan ..... 

City  bonds  

Kings  4^0.  bonds 

do         do    

All  Brooklyn  bonds  flat. 


iNTKKKHT. 


Months  Payable. 


Feb.,  May  Aug.4  Nov 
do  do 

do  do 

do  do 

do  do 

May  4  November. 

Feb.,  May  Aug.*  Nov 

do  do 

do  do 

do  do 

May  4  November. 


Feb., May,  Aug. 4  Nov 
May  4  Novc'm:>er. 
do  dc 

do  do 

do  do 

do  do 

do       "      do 
do  do 

do  do 


January  4  July. 

January  4  July. 

do  do 

J  an .,  May,  J 11  ly  4  N  ov . 


January  and  July. 
BKKBs.Jr.,  Broker.  2)^ 

January  4  July, 
do  do 

do  do 

do  do 

do  do 

00  do 

do  do 

May  4  November. 


40 


(10 


Bondsdue. 


1875-80 
187V79 

1890 
1883-90 
1884-1911 
1881-1900 
19(»7-11 
1875-98 
1875-95 

18711 

1901 

1 9115 

1878 
1894-97 
1878-75 

1876 

1889 
1879-90 

1901 

1888 
1879-82 

1896 

1891 

1877 

1895 

iS99-19(r2 

1876-79. 

1816-9! 

'.905 
16'6-I90O 
Wall  St.] 

1875-80 
1881-95 
imS-'Jl 
1903 
1915  V 
19n2-l!ia-i 
1881-93 
1880-88 
1875-30 


96 
101 
96 

!i2H 
102  ?s 
;(« 
JO^K 

96 
102M 

97 
lOS 
ll'SX 
10S>, 
107 
112 

•:oi 

lOJV, 
IIHV 
110 
ll'2K 
■111 
1  2 
106 


10: 

102 

102 

.03H 

102 


102 

106 
1!0 
IlOJt 

:o9>; 
:i2>4 

Hi 

vfM 
102J4 


n 
101 

n 

103 

10s 
no 

103 

!I7 
103 

9.-1H 
IIO 
103 
108 

no 
'.cax 

10s 

103 
108 
112 
,03 
106 
113 
107 

98 

97 
106 
102 
104 
104 
103  li 


104 
1(8 
III 

iim 

IIOK 

1(13 

i(ax 

1(18 
103X 


September  18,  1876.] 


THE   CHRONICLR 


275 


Jnuestments 

AKD 

STATE,  cm  AND  CORPOBATION  FINANCES. 


The  "  loTMtora'  Sapplemeol"  Is  pubUohed  OD  tbe  last  Saturday 
of  each  mooth,  and  famiahed  to  all  regolar  ■abneribers  of  the 
Chvoxiclx. 


ANtrUAJj    REPORTS. 

East  TeuMMM  Tirsini*  *  ClMr^ia. 
(For  (A«  Tear  mding  Jun*  80,  1875.) 
The  report  of  R.  T.  Wilaon,  Esq  ,  PreaMent,  ban  tbe  followlnir  : 
Tbe  gioM  earniDgs  for  tbe  fiscal  year  endin)?  June  30tb,  1875, 
were: 

Tnn  Lamaani SSl4.<n  71 

mnfrcMil «?tUSS« 

rKwursTiuii y,... M,sn  « 

Fn>m  cxprsM  A. 1S,MR  S4 

-  .". \.li»tl 


Total tl,0aS.«S«5 

Kipsassi  or  opwatlt.  ot^immj  and  nsnotiSamit,  W  T-IO  p.  e. .     TlT.Sti  cs 


I 


Nottaenae $»«.«*« 

Tbe  net  ineoo*  ha*  beaa  applied  aa  fallows : 

To  psymwit  of  Iwtorsit  en  toalii  dobt ..  flBMU  (0 

To  pajBsnt  of  dhrtdaad  Na  4  of  a  par  cent  oa  ha  eapllal  Mock. 

fasAprUi.ian M,*«s<B 

T«  Maaoa  to  Badit  or  ptoCt  aad  kiM  accoaot 1,T«  .7 


A  eompariaoo  of  the  looome  and  expMMi  of  joar  oompMiy 
for  the  preaent  with  tbe  preceding  yearabewa: 

A  <«erau«  la  groM  meoa*  of t9t,Itt  17 

Aad  la  i«t  rwTMar  of 7MK  71 

Aad  iaenaa*  la  cxpaaMS  of. IOlIM  M 

The  ehaagw  ia  yraaa  aaralofs  aa  oompMvd  with  the  paat  yt»t  ia 
dlstribulad  M  feliowa : 


Oo 
Ua 
Oslo 
Oa 


fraMlalM 
ilhna^hy 
J  paaMocaa  lao' 


Oaal 

Ob  n.  a.  aaU 


\ 


\JtH  « 

txxjn  u-m^r«o 


ako«li«  kataaea  af  total  dacnaa*  aa  lUtMl.  of tM.IM  ST 

BMldaathaardiaaryopatstioK  expiana thora  haabeen  ripeoded 
la  rrplaermrota,  reoewala  and  ImprurrflMBla  f^  ■TK- 

Two  dlTtdeaJs  of  S  per  erot  mcIi  bavo  baan  patd  doriair  tbe 
Sacal  j'^t.  the  first  la  October  last  Iron  the  set  laeooM  of  the 
laat  half  of  the  praeadlog  j<«r,  and  tka  other  fioa  eseaaa  of 
ineoma  orar  iAiorsat  damaaida  for  tho  flnl  half  of  the  praaont 
year. 

The  pbjrrieal  wdltioB  of  tbe  propoMj  ■■■  boa«  preaarrad  in 
eqsally  aa  frood,  If  not  ia  a  more  effldaat  atata,  thaa  It  araa  at  tbe 
baalonlog  of  the  year. 

The  fiaaacial  aaadlltOB  la  aabataniiallr  aocbaoK**!  There  baa 
baoa  BO  iaercaaa  la  tha  Inailay  debt  which  practically  amoaota  to 
aothiaf.  the  aaili  aad  othar  aTallabla  aaaau  baiag  aiort  tbaa 
•qoal  to  tka  hmII  balaaaw  yoar  rniapaay  owaa.  Tha  boadad 
debt  baa  haaa  fadaead  hf  tha  payiaaat  aad  aaaarilatioa  of  throe 
tikooaaad  dollars  (|.'(,000)of  oadorsed  boadioa  aeoooat  ol  atahiag 
faad. 

ReferriBK  to  tb*  raaarka  eooulovd  la  tha  laat  anoaal  report  of 
yoor  Board  of  Diraetora,  la  retard  to  tha  lanl  Imp^lm^nts  aad 
obatractioaa,  eslatla*  to  ptweat  the  North  Carolloa  Kallnad 
Cbaipaay  tre«  baildair tha  Waatern  Nortb  Carolina  Railroad  to 
a  jaactloa  with  yoer  Morilatowa  Branch  at  I'alot  Riek,  wblcb 
tbi>  former  company  waa  aader  oiutract  obliiratlona  with  your 
rompanr  to  do,  we  have  to  state  that  thadllBcaltlva  ibeo  ozlatlng 
have  baea  eooliaoad  aad  aagiBeoted  by  additioaal  liiifcation  *t 
tbe  baada  of  tha  staahhaldafs  aad  aiiailiaBilua  boodboldars  of 
that  company  to  aoeb  aa  extent  a*  to  make  it  blifhly  probable 
that  it  would  nrv^r  be  pennitird  ti>  carry  out  iu  cnalraci. 

Hcilng  this,  tbe  Siate  of  Nortb  Carolina,  wi.i.i,  w>«  to  have 
haaa  a  beDaflciary  ia  tha  pMrchasr  of  tha  We*''  ilarolloa 

Rallrcad  aa  owner  of  tbrre-foartbs  ol  tha  cai  <   of  the 

North  Carolina  Railroad  Cotapaoy,  aclinv  tbroui{li  it*  Lrglslaturx, 
paaiii)  a  I'lll  baTlnr  for  lia  object  tbe  parchaaa  of  the  Wratem 
North  Carotlaa  Railroad,  oa  aeaoaat  aad  ia  behalf  of  the  State, 
at  a  aaasiaiaa  priea  of  (BDOyOOO. 

Toar  Board,  aad  tho  oihaf  awdllora.  doddad  to  aeeept  tha  tenaa 
oflSnad  by  tha  Uiata,  aad  tha  eoalract  with  the  Nortb  Carolina 
Bailraad  Conpaay  was  eaaaallcd.  and  a  aala  oi  all  the  iotaraata 
aiade  to  tha  tHate  of  Nortb  Carol  I  oa^ 

Oader  the  eoatraei  aude  with  tbe  GomialarfoBeTs  actin|{  for  tha 
Stats  of  North  Carollaa  tney  are  bound  to  proeeed  to  oooatmct 
aad  eoaiplala  tha  road  to  Paint  Rock  aa  rapidly  aa  may  be  praeti- 
eablr,  aad  to  eoaiaiaaoa  opsratioos  aa  aooo  aa  a  clear  title  ia 
oblalord  b74ha  feiadoaars  sale  tbaa  pondinif  under  the  decree. 
This  sale  bM  wasatiT  baoa  coasnmmatsd,  aad  the  State  la  now  in 
poaaaarion  aad  twialaa  to  bavin  work  at  once. 

Tha  boada  aad  BMVtfags  with  the  uaval  f<>rscloaure  prorisiona 
are  beinir  ptaparad,  aad  will  b«  ready  orobahly  wiililn  thirty 
days,  wbea  yosreoDpaay  is  to  r>«eiTe  ia  payment  for  it'  inter>-iii« 
ahoot  two  haadrsd  aad  thirty  thrr«  thooaaad  dollars  (|2.33/)0<)). 
Thaaa  boada  shnald,  aaJ  we  Iwlii-Te  will,  be  a  flmt-ulaM  security, 
bslac  Ism  thaa  fSXOOper  mile  on  the  road  now  rompleted.  and 
whaa  the  StaU  toiSIa  Its  aacagsment  to  axtand  the  road  to  Paint 


Rock,  will  b«  only  forty  five  hundred  dollars  (|4,500)  per  mile 
on  completed  road. 

It  would  have  given  your  board  much  pleasure  to  have  declared 
the  usual  semi-annual  dividend  of  October  next,  but  owing  to  the 
reduction  of  the  net  income  we  are  not  ju.stified  in  doing  so.  It  is 
believed  to  l>e  a  good  fioaDcial  policy  to  pursue  a  connervative 
course,  and  divide  only  what  is  actually  earned  over  tbe  demands 
upon  the  company  for  interest,  renewalc,  &c.,  and  guided  by  this 
rule,  the  earologs  lor  the  year  ia  only  sufficient  to  pay  one  dividend 
of  3  per  cent,  which  was  paid  on  the  first  of  April  last,  and  hence 
the  l>oard  has  passed  the  October  dividend. 

As  to  the  causes  thithave  operated  to  diininish  the  receipts  of 
tbe  company  it  may  be  proper  to  remark  that  the  loss  by  the 
unprecedented  rain  of  last  spring,  wbicn  broke  the  road  in  many 
places,  and  suspended  the  running  of  trains  for  eighteen  days  ia 
tbe  midst  of  the  spring  busiaesa,  kss  considerable. 

Another  cau^e  is  to  be  found  ip  the  very  low  price  at  which  the 
business  of  the  countrr  is  transported,  and  also  in  tbe  diminished 
value  of  business  pns^iing  over  the  road.  The  continued  reduction 
in  tbe  larlflTof  rates  and  in  the  volame  ot  business  oper'ited  to 
redace  tbe  mileage  earnings  of  trains  run  aa  compared  with  tbe 
preTioua  year,  on  freight  traina  about  9  per  cent  and  on  passenger 
aboat  5  per  cent. 

Atlantic  &  Gitir  Railroad  Company. 

I.  For  the  year  ending  Dee.  31,  1874.) 

Th9  report  ot  the  President  and  directors  has  tbe  following : 

Theg>o«aarolDg<irorth«  rear  1873  were 

Tm  (TOM  aaraiDg*  for  the  year  1874  werti 


$l,00^•t7  It 

l,CSa,«S6  18 

locraaM  la  1874 $i8,aOS  e4 

Tbe  operatlcf ,  locladiO|>  ezuaordlnary  czpeDsas,  for  the  year 

187S  ««• t'-^A*47  tt 

The  aaae  for  tha  yaar  1874  wen    74«,CiO  18 

Dacraaaa  la  W74 1(3,628  94 

Deduct  for  extraordinary  sxpensea  ($8,880  53),  representing 
property  acquired  by  the  company,  and  expenses  ($14,559  76)  in- 
cnrrrd  in  previous  years  and  settled  in  1874,  amounting  in  all  to 
$31,440  29,  and  the  operating  expense*  proper  for  1874  will  be 
$735,150J>9,  bafng  an  increase  of  $12,990  61  over  the  operating 
extwnaea  proper  of  187!i. 

Tbe  total  operating  expensea  lor  1874  were  72  3  10  per  cent,  the 
operating  expenaea  pr<ii>er — 70  per  cent  of  the  gross  earnings. 

The  rmall  IncTi'aBe  above  named  in  tbe  operating  exiienses  is 
mainly  referable  to  the  large  amount  of  new  rail  laid  in  tlie  main 
Una  during  tbe  paat  year.  TbiM  exjiense  was  made  nr.avoidabln 
by  tbe  Itad  condition  of  the  rails  torn  from  the  track  and  damaged 
by  the  Federal  army  in  1H<S4,  and  as  tbe  low  priceeol  iron  atforded 
an  eoonomlcal  opportunity  of  restoring  a  large  part  ot  the  road  io 
good  eoodltion,  Bfteen  buodred  tons  of  rails  were  porchased  and 
laid  down  In  1874.  a*  against  seven  hundred  tons  In  1873. 

Tbe  road  Is  now  io  lietter  order  than  at  any  time  fince  tbe  war 
and  wblls  the  layini;  of  new  rail  may  l>e  considered  as  a  fixed 
charge  in  futom  operating  expenses,  tbe  Improvements  in  joint 
faaienlags  will  lend,  independent  of  the  cost  o'  rails,  to  cheapen 
the  maintenance  of  the  roadway.  The  rolling  equipment  of  the 
line  ia  in  better  condition  than  at  any  time  previous,  and  in 
amount  and  kind  ample  for  Ita  present  busines/.  Tlie  fixed 
property  of  tbe  company  is  gaaerally  in  good  condition. 

The  earnings  ol  tbe  company  for  tbe  past  year  have  been 
aflbetad  by  the  dimination  of  its  business  with  tbe  Macon  & 
Bmnawick  Railroad  and  on  the  Chattahoochee  River,  by  the 
marked  dactlne  in  tbe  lumber  tnfflc,  and  by  tbe  prevailing  com- 
mercial depression.  The  chaoge  iu  the  status  of  tbe  Maoos  & 
Brunawick  Railroad  has  produced  obvious  alterationa  in  tbe 
direction  and  volume  of  Its  traffic,  while  tbe  business  ol  the 
Cbsttahoocbee  baa  become  largely  divided  by  competitions,  in 
which,  however,  this  company  baa  not  t'iken  an  active  part.  The 
eamlogs  have  t>een  most  sensibly  diminished  by  '.be  decline  in 
tbe  lumber  trafflc,  trrowrini;  oat  ot  the  untavoralile  condition  of 
tbe  market.  Tbe  loan  in  thia  class  of  tralDc  is  estimated  at  over 
$30,000,  the  decrease  in  bulk  being  about  8.800,000  feet,  as  com- 
pared with  trie  amount  carried  in  1873.  Notwithstanding  this, 
however,  the  total  freight  earoinga  of  tbe  road  were  larger  than 
In  any  previoua  year.  Its  total  local  earnings  yielded  75  per  cent, 
of  Its' total  passage  and  freight  earuingii,and  66  percent,  of  its 
gross  reeeipto.  Its  I.Kal  earnings  have  increased  2.)  per  cent,  in 
the  laat  six  yeara,  and  nave  shown  a  steady  annual  improvement 
during  that  period  until  tbe  past  year,  when  tbe  loss  was  ineon- 
riderable.   ^ 

TteHkaaMal  condition  of  the  company  has  been  improved  since 
tbe  last  aannal  report.  Of  the  amount  of  bills  payable,  shown  in 
the  statement  of  the  Treasurer,  and  chargwl  in  tbe  operating 
expensea  of  1874.  $88,'<42  W.  will  be  due  in  the  nresent  year  for 
the  rails  laid  down  in  1H74,  and  $46,666  68  (or  the  purcha/*e  of  tbe 
eompaoy's  wharf  property.  Both  items  are,  therefore,  represented 
by  improvenieuts  of,  and  additiona  to,  tbe  property  of  tbe  company. 
In  reviewing  the  extraordinary  experiences  of  the  past  year, 
unprecedented  for  protracted  commercial  and  financial  stringency, 
we  feel  that  there  is  wwe  reason  to,congratu1ate  the  stockholdera 
upon  the  general  condition  of  tb"  affairs  of  the  eompa.iy.  Suffer- 
ing leas,  perhaps,  than  any  of  its  contemporaries,  it  lias  survived 
the  extraordloarv  trials  by  which  all  have  been  embarrassed,  and 
to  which  many  have  been  compelled  to  succumb. 

taW-AtlKDAI.  tTATBliaaT. 

Dr. 

Rallrrad  sod  ippurteoanci  • $7308,118  M 

^uupllF*onh.u>l   18,044  47 

Bi'iidn-f  theC'ltyof  Balnbridfe 80,000  flO 

Mof.  n  *  Bmii.wiek  Rallrond  •tock »4, 10(1  00 

Cu<lib>^rt  A  f»ml  la  Railroad  «tocli     l.TOO  00 

^arannah  Griffla  *  Worth  Alabama  Ballroad  atoak. B0»  00 

Ualt«18Ulas B,7«)  44 


276 


THE  CHTtONICLE. 


[September  18,  1875 


Doo  by  agenta  and  connecting  roada $37, 

Daebyfoutractora 8. 

Fust  Officu  Department ^ 6, 

Kztraurdinary  expenses 6. 

Suspense  account 1. 

Interest  on  bonds 213 

Intereat  on  guaranteed  7  per  cent  stock 57, 

Interest  on  coupon  notes M, 

Interest  account    14. 

Salary  account 15, 

Incidental  expenses S, 

Front  and  loss 311, 

Adiniuistraiivc  department 38, 

Roadway  di'pttrtmeiit 253, 

Lncoinnti  e  department  ..  18i, 

Cur  department 87 

Transportation  department 171, 

Furnrarding  department 6, 

Cash... 86 


110  70 
•Xl  47 
571  50 
.881)  68 
1:6  '.5 
:i27  00 
.421  06 
,000  00 
604  '.10 
,098  11 
,654  81 
,458  01 
,813  25 
404  67 
is»8  31 
,941  82 
425  21 
,0Sii  46 
,119  49 


Total. 


Cr. 


$9,432,338  90 


Capital  stock $3.693,!00  00 

Company's  bonds 2,810,200  00 

Company's  coupon  notes 500,000  00 

UtmortgsKC  bonds  South  Georcia  &  Florida  Kallroad  464,000  00 

Sd  morlpigo  bonds  i^onth  Georgia  &  Florida  Railroad 200,000  OC 

Ouarantced  7  per  cent  stock,  Georgia  &  Florida  Railroad 786.476  09 

Free  bonds.  Bainbridge  extension 52  500  00 

Biilspayable 176.26119 

Transient  creditors 141,011  80 

•Due  bills 76,800  00 

Freight  account 738,808  >^3 

Passage  account 195,50151 

Mail  service  S6,266  00 

Incidental  earnings 71,685  82 


Total $9,432,338  90 

•  Currency. 

Kalci^li  &  Gaston. 

{For  the  year  ending  May  31,  1875.) 
This  company  operates  a  road  from  EaleigU,  N.  C,  to  Weldon, 
97  miles. 

The  equipment  consists  of  15  engines,  one  of  which  is  reported 
useless;  5  first  and  5  second-class  passeneer,  4  baggage,  mail  and 
express  cars  and  1  expre-os  car  ;  3  conductors'  cars,  3  caboose  and 
88  box,  40  flat  and  10  gravel  cars.  One  baggage,  3  box  and  3  flat 
cars  were  built  during  llie  year.  Additional  tools  are  needed  for 
the  repair  shop. 

The  property  was  represented  by  the  following  securities  at  the 
close  of  the  fiscal  year.  May  31, 1875  : 

Capital  stock  ($16,464  per  mile) $l,.5r0,000 

Bonded  debt  ($5,4-.i3  per  mile) 52ti.000 

Bills  payable  ($361  per  mile) .35,000 


Total  (t21,218  per  mile)  $2,061,000 

The  company  owns  $5,300  of  its  own  stock,  and  has  $500,000 
invested   in   guaranteed  and   $150,000  in   common  stock  of  the 
Kaleigh  &  Aufiusta  Company.    The  siniiing  fund  and  investments 
amount  to  *107,257  50. 
The  earnings  for  the  year  ending  May  81  were  as  follows : 

1874-6.  1873-4.  Inc.  or  Dec. 

Freight $181,910  91  $187,350  99  Dec.  $r,,4ly  05 

Passengers 71,80112  79,679  66  Dec.     8,478  44 

Malls,  etc 8,029  70  7,8(B  81  Inc..       226  89 


P.  c. 
2.4 

10.6 
2.9 


Dec.  $13,661  60 
Dec.    27,476  94 


5.0 
14.3 


Total $261,14176       $274,803  36 

Working  expeises 165,032  05  192,508  99 

Net  earnings $96.10'.l  71  $82,294  87  Inc. .$13,815  34  17.8 

Gross  earnings  per  mile..  2,692  18  2,8»J  03  Dec.        140  85  5.0 

Net  earnings  per  mile...  990  82  818  40  Inc..       142  42  16  8 

Per  cent,  of  expenses 63.20  70.05  Dec.           6.65  9.8 

The  decreaee  is  largely  due  to  competition  and  cutting  of  rates 
at  Raleigh.     The  work  of  the  year  was  as  follows: 

Train  mileage 16'',945 

Passen^'ers  carried 54,573 

Passenijer  mileage 2,027^760 

Tons  freight  carriage.  60.284 

Tonnage  mileage 4,844,525 

Of  the  passenger  mileage  26.4  per  cent,  and  of  the  tonnage 
mileaj^e  72.5  per  cent,  was  of  through  business. 

The  receipt  pwr  ton  per  mile  for  ihe  last  year  was  3.75  cents, 
and  per  passenger  per  mile  3.51  cents. 

The  income  account  was  as  follows: 

Balance  from  previous  year $107,867  78 

Netearnlngs 96,109  71 

Sales  first  mortgage  bo  rds 167,856  88 

Interest  and  sinking  fund 31.73113 

Total $403,663  50 

Interest    $30,27179 

Extraordinary  expenses,  including  iron  rails 86,10122 

On  account  of  investments 22,957  5() 

Purchase  of  1,700  shares  Raleigh  &  Augnsta  guaranteed 
stock 170.000  00—308,690  61 

Balance  to  next  year $94,877  99 

During  the  year  the  road-bed  was  much  improved,  and  13  miles 
of  new  iron  and  83,786  ties  used  in  repairs.  The  best  of  the  old 
rails  were  used  in  repairing  track  at  places  where  the  old  U  rails 
are  still  in  use.  The  purchase  of  1,000  or  1,200  tons  this  year  is 
recommended. 

Seaboard  &  Roanoke. 

(For  the  Tear  ending  February  36,  1875.) 
This  company  owns  a  line  from  Portsmouth,  Va.,  to  Weldon, 
N.  C,  80  miles.  The  annual  report  states  that  during  the  year  the 
road  was  kept  in  good  order,  and  that  600  tons  new  iron  rails  have 
been  laid,  besides  100  tons  of  steel  in  the  Portsmouth  yard.  New 
abutments  have  been  built  to  the  Goose  Creek  Bridge,  several 
culverts  have  been  built,  and  a  new  water  station  on  the  Black- 
water  River  at  Franklin.  The  remaining  two  thirds  interest  in 
the  water  front  property  at  Portsmouth,  of  which  the  company 
ovmed  only  one-third,  was  bought  for  $16,000. 


Twelve  new  freight  cars  were  added  to  the  equipment,  three 
box  and  ten  fiat  cars  rebuilt.  The  Black  water  steamers  have  been 
kept  in  good  repair. 

The  capital  account  is  as  foHows : 

Capital  stock  ($17,070  per  mile) $l,3f>5,B00 

Funded  debt  ($2,630  per  mile) 210,400 

Total  ($19,700  per  mile) $1,676,000 

The  earnings  and  expenses  for  the  year  ending  February  28 
were  as  follows : 

Inc.  or  dec.  P.  c. 

Dec.      $?54  70       0-9 
Dec.   82,644  66      IBM 


1374-75. 

Passengers $(14.64}  86 

Freil?hi 410.660  41 

Mails O.OCO  00 

Other  sources 46.123  14 


Total  earnings $6n!i,425  81 

Operating  expenses 382,278  01 

Netearnings $181,152  80 

Interest,  &o 24,092  47 


1873  74. 

$9\496  96 

49  I..305  07 

6,000  00 

49,S20  14 

$6511,622  17 
411,673  68 


Dec. 


8,697  00       7-4 


Dec. $87,196  ?6      134 
Dec.    29,400  67        71 


$238,943  49 
15,388  97 


Dec. $57,795  I 


24-2 


Balance $157,060  83 

Gross  earnings  per  mile. .       7,042  82 

Net  earnings  per  mile 2,264  41 

Per  Cent  of  expenses 6785 


$223,559  52  Dec.$C6,4»9  19  297 

8,132  73  Dec.     1,089  96  134 

2,!i8«  86  Dec.        722  45  24-2 

6327  Inc..           4-53  7  2 

The  President's  report  says  :  "  While  there  has  been  a  de- 
crease in  tonnage,  the  falling  off  in  revenue  is  more  attributable 
to  the  lower  rates  received  for  transportation  by  this  company, 
and  to  the  marked  decrease  in  the  amount  of  cotton  carried  over 
the  road  destined  for  New  York  and  Boston. 

"  Chiefly  in  consequence  of  the  charges  for  transporting  cotton 
by  steamers  from  points  south  of  Hatteras  to  New  York  and  Bos- 
ton, being  no  greater  and  in  many  cases  very  much  less  than  from 
Norfolk,  during  the  past  winter  it  appears  that  the  amount  of 
cotton  carried  for  New  York  has  fallen  off  35,782  bales,  while  the 
amount  for  Boston  has  fallen  off  16,218  bales  ;  nevertheless,  it  is 
gratifying  to  notice  that  the  amount  carried  under  consignment 
to  merchants  of  Norfolk  and  Portsmouth  has  been  increased  19,- 
561  bales. 

"  In  view  of  the  small  amount  of  cotton  consigned  to  the  port 
of  Norfolk  only  a  few  years  ago,  your  board  congratulate  your 
company  on  the  successful  enterprise  of  the  merchants  of  Nor- 
folk and  Portsmouth,  by  whose  efforts,  united  to  those  of  the 
company,  the  consignments  to  the  amount  of  60,014  bales  of 
cotton  have  been  produced  during  the  past  year,  notwithstand- 
ing the  disadvantages  before  alluded  to  under  which  they  have 
labored." 


GENERAL   INVESTMENT    NEWTS. 

Alabama  Finances. — A  dispatch  from  Montgomery,  Ala.,  Sept. 
14,  staled  that  the  Committee  on  Finance  and  Taxation  made  a 
report  to  the  Cons'itutional  Convention,  in  which  they  say  : 

We  have  examined  into  the  condition  of  the  Treasury .  which  we 
find  almost  exhausted,  and  have  looked  into  the  financial  condition 
of  the  State,  which  is  absolutely  appilling.  We  find  the  total 
indebtedness  of  the  State  to  he  about  $29,000,000,  and  the  total 
value  of  taxable  property  about  $159,000,000;  that  it  would 
require  nearly  20  per  cent  of  the  entire  taxable  property  of  the 
State  to  liquidate  the  debt.  This  would  indeed  be  appalling  were 
it  not  for  the  hope  of  an  adjustment,  held  out  to  us  by  the  Com- 
missioners appointed  to  adjust  the  public  debt,  by  which  Alabama 
may  be  relieved  from  this  heavy  burden,  which  is  crushing  the 
energies  of  her  people.  The  direct  debt  is  about  $15,000,000, and 
the  contingent,  for  indorsement  of  railroad.-i,  &c.,  about  $14,009,000. 
It  is  only  necessary  to  present  this  statement  of  lormidable 
indebtedness  to  convince  the  creditors  of  the  State  that  full  pay- 
ment is  impossible,  and  that  the  State  can  never  resume  the 
payment  of  interest  until  the  debt  is  adjusted  and  reducad,  so  as 
to  correspond  with  our  diminished  resources.  But  in  the  face  of 
this  dark  feature,  it  affords  us  pleasure  to  state  that  the  Commis- 
sioners are  sanguine  of  their  ability  to  reduce  the  entire  indebted- 
ness of  the  State,  exclusive  of  the  educational  and  trust  funds,  to 
a  sum  not  exceeding  $10,000,000,  the  interest  on  which  will  not 
exceed  $440,000  per  annum. 

In  view  of  this  fact  your  Committee  have  been  stimulated  to 
extraordinary  exertions  in  trying  to  so  shape  the  financial  article 
in  tlie  Constitution  as  to  meet  the  ends  which  we  have  been 
induced  to  believe  can  be  accomplished.  We  recommend  economy 
in  each  branch  of  the  Government.  We  recommend  property  to 
be  taxed  in  proportion  to  its  value.  We  recommend  a  prohibition 
of  the  State  from  engaging  in  works  of  internal  improvement,  or 
the  loaning  of  its  credit  for  that  purpose  We  recommend  that  of 
diibt  shall  be  incurred  by  the  State  ,Bxcept  to  repress  insurrection, 
rebellion,  or  invasion.  We  recommend  a  reduction  of  25  per  cent 
on  alt  salaries,  and  a  reduction  of  pay  and  mileage  of  members  of 
the  Legislature  from  $6  to  $4  per  day,  and  from  40  to  10  cents 
per  mile.  We  recommend  that  the  Legislature  shall  not,  in  any 
one  year,  levy  more  than  J  of  1  per  cent  tax  upon  the  property  of 
the  people  for  State  purposes. 

We  believe,  with  theoe  economical  views  fully  carried  out  and 
the  contemplated  compromite  consummated,  with  the  rate  of 
taxation  fixed  at  three-fourths  of  one  per  cent  as  a  maximum,  that 
our  State  will  once  more  gain  her  deserved  prosperity  ;  that 
capital,  seeing  that  our  debt  is  reduced  and  our  taxing  power 
limited,  will  seek  investment  in  our  cheap  lands.  The  population 
always  following  capital  will  fill  up  our  waste  places  and  our 
property  will  enhance  in  value,  and  a  rapid  reduction  of  the  rate 
of  taxation  may  te  had,  with  yet  sufficient  revenue  to  meet  an 
economical  administration  and  pay  the  interest  on  the  public  debt. 

The  Committee  reported  an  article  on  taxation,  in  accordance 
with  the  above  report. 

Atchi.son  Topeka  &  Santa  Fe.— The  Atchison  Topeka  &  Santa 
'  Fe  BaUioad  has  been  completed  to  Los  Animag.    It  is  stated  that 


aeptemler  18  1875] 


THE   CHRONICLE. 


277 


i 


amogenieaU  tuiT«  been  eompleted  (or  eztendio^  the  Midland 
Paci6c  Railroad  of  Nt*braaka  to  connect  witti  th»  Aichison  Topeks 
&  Nfbruka  Kailroed,  about  50  milca  north  of  Atclii»on,  Kan. 

Barlln^tmi  Cedar  Bapids  &  MinneMta.— Holders  of  certiS- 
ealee  iaaand  by  the  Farmera'  Loan  &  Trust  Company  for  landed 
eoapoos  of  tbe  flrM  mortgatte  (main  Hoe;  bonds  have  bt<«n  re- 
qaeated  by  notice  to  return  the  same  to  the  Farm-ra'  Ix>an  &  Trust 
<VmipaDy  and  take  up  the  coupons  deposited  under  tbe  fundioi; 
kfreement.  All  of  such  bondholders  who  have  not  communicated 
with  tbe  eoimnittee  are  requested  to  send  their  addresses,  with 
the  numbers  »f  the  bonds  held  by  them,  to  Charles  L.  Frost, 
trustee,  Post  OfBce  box  4j034.  New  York  City,  in  order  that  he 
may  be  able  to  oommnnicate  with  them  la  reterenee  to  all  matters 
■ffectinff  their  interests. 

Californi*  Paciflc— In  the  suit  of  the  German  bondholders 
a^iost  ibit  company  in  S^n  Francisco,  Sept.  6,  it  was  announced 
that  a  s«-ttlement  had  been  made  outside  the  courts. 
.  CoBBecticnt  A  Pa»aM|Mie  Rirers.— The  annual  meeting  of 
the  Coou'cticut  &  Pasrumpxic  Kivcrs  Bailroad  was  held  Sept.  1. 
Mr.  Raymond,  the  President,  ad(lr>-!<sed  the  stockboMers  at  con 
siderabU  lenetb  and  stated  that  In'  had  no  report  ready  to  present 
to  the  stockholders  for  tbe  past  rear,  and  that  he  would  not  sign  a 
report  not  true,  alluding,  as  he  c'l-imed.  to  the  unfaithfulness  of 
some  of  the  employeea,  and  farther  stadag  that  he  would  have  a 
report  ready  in  a  tew  weeks.  He  gave  a  resume  of  the  business 
of  tbe  paai  year,  and  admitted  that  ibe  reoeipta  had  largely 
deeteaaed.  Tbe  grots  feeeipU  were  ^KtSM  35;  expenses  $4.>i,- 
474  ve  ;  net  earnings.  9K6.875  2H.  Tbsae  ftgures,  he  slated,  were 
sobmitied  to  him  by  Mr.  Merrill,  but  be  thought  them  incorrect. 
The  Raymond  ticket  was  electeil,  as  (dlow*  :  Wholn  number  of 
Totee   east.    13.314:   neces «ry  for  a  ehalee,  n  ' "  nona  Ray 

moad,  T.  P.  Reifield,  Oardoer  »'.  Brown.  J.  !i.  Warren 

K.  Blnd^tt.Alden  Speare,  Lucius  Kobiaw>D  >...•.  ^..  ,.ueu  Foster, 
13,314  ;  Amos  Barnes.  13.217  :  K  <  lereland.  87. 

Klfzabethtown  Usiarton  k  Big  SM^f.— The  track  of  tbU 
road  lying  in  F'ayrtte  Coanly,  Ky  ,  was  sold  to  Oea.  Leslie  Combs 
lor  $6.  Ue  held  a  judgment  against  tbe  company  for  danagaa  to 
a  bouse,  and  bought  the  track  at  a  sberiiTs  sale. 

Erl«.— Prcatdent  JeweU  of  the  Erie  Railway  Comp\nr  rweWed 
a  cable  dispatch  from  Lomdoo  on  Wedaaaday,  sigDad  "  Boad  aad 
Shareholders,"  adTOcatiag  a  plan  of  reorgaalsaUoo,  subataalially 
as  follows : 

It  has  been  propa—d  that  tbe  ordinary  abarahtflders  should  be 
ssswssid  so  laaar  doUaia  per  share,  and  ■Itboofh  there  are  many 
groanda  oa  which  aaA  aa  assessine ot  may  ba  JoatlSed.  still  the 
arbitrarlnMs  of  ih«  praerediog  is  objectionable, aad  will  undoubt- 
edly ex  'ppoaltioa.  Tbe  Same  object  eao  be  atuined  by 
iasatng  ..'.  no*«  common  stock, nos  new  abare  for  every 
two  now  t'x.stiog.  by  which  means,  sappoaiag  the  price  of  |2J  to 
be  obuioed.  an  amonnt  of  |10jQOOOOOla  CMb  will  tie  aeeniod. 

la  e— Ideiatioa  ol  th«  ordiaary  siiarshoHsia  ralaiag  this  amount 
of  aaaaey  ta  ha  aaplayad  la  vaatly  lawfaa^Bg  the  sMiuriiy  of  the 
bond  and  prelswaw  holdars.  tbesM  laiur  to  agrsa  to  eapitallie 
tbeir  iaierrat  fortwoyear*  In  bondn  or abaiea  beartag  tbair prowal 
priorlilea.  Tbe  qaeadoo  of  the  priority  dalmsd  by  the  paafwaoee 
shareholders  to  be  settled  by  arl.itiallaa  Of  compalaat  partiasi 
Tbe  rentals  of  leased  line*  to  be  reduead  wbaraear  praciieabla. 

Tbe  anoaat  that  weald  be  anilabla  from  tha  aew  shares  and 
foadlagof  ceapoaa  voald  be  about  fl&OOOOOO,  aaaamloir  tbe  net 
siuaiags  beyond  tbe  rsnuls  at  ooIt  44.00(MIOO  a  year.  Of  this  the 
floatlog  debt  will  absorb,  we  anderslaad,  about  ^4,000,000.  To 
aartow  gangs  tbe  line,  including  tbe  pafcbase  of  a  large  amoont 
of  new  loeomollre  stock,  tha  gaoge  of  which  cannot  be  altered, 
will  abaorb  a  further  MjOOOjOW.  The  oonpletioo  of  steel  railing 
the  main  line.  In  addtUoa  to  tha  charga  to  reraaao  for  renewal!, 
matr  absorb  $3,00OjQ00.  On  braaeh  liaaa  la  opea  np  the  coal  liaaa, 
aod  upon  coal  wagoa  atoek,  there  could  he  npead«4l  adTantaga- 
oasly  #2.000X100.  Oa  eompletloa  of  tbadoaUt  tiaek  on  tbe  aalb 
Hoe,  improvemenla  In  sidings,  sutions,ftc,  recoBBieaded  by  Oapl. 
Tyler.  fSjOOO/XX).  On  alteratioo  of  giadlaau  and  carTes  to  saeh 
an  •'Xtent  as  would  be  attended  with  real  cennomieal  adTaolacv, 
13.000,000.  On  addltloos  to  rolling  stoA  to  meetgrowth  of  traffic, 
12,000/100.  Total  lobe  expended.  |18,000/)00:  the  whole  to  be 
expaadad  «var  tbe  aoat  ivo  years,  darteg  whieb  period  the  new 
sbaiaa  woald  be  paid  np  by  half  yearly  iaalalmenls.  Tbe  capital 
of  the  eoBpaay  woalil  then  ronci^t  nt  $71,000,000  of  bonds  aad 
pivfereoeea  and    f '  nary    shares.     The    prior 

fateresl  charge  at  T  -  '.Ono.OOO.  aod  the  reauls 

al  mcmi  $lfll»t.tliX) .  •  .Lai,  $ii,UOt).MH).  With  the  line  flniabed  and 
equipped  as  prnprxied,  the  working  expenaea  would  be  broogbt 
down  to  60  per  rent,  and  the  traffic  witbta  tbrco  yaara  from  now 
would  be  at  least  $94X100.000  per  annom,  BffoTtlin(  a  nat  rerenne 
of  $O.AOOX>00  per  anaiim,  meotine  all  bond  aad  pMfafence  llablli- 
lies,  and  leaving  8  par  eeot  for  the  ordinary  share*.  Tbe  amoaat 
of  irafRe  If  worked  at  tbe  reduced  rate  mjulalte  to  meet  all  the 
roatals,  bonds,  aad  preferaaca  iaiereat  la  only  f  19.000X100,  or 
greatly  under  what  la  ttsiag  earned  daring  the  preaent  extreme 
dauiesaliju. 
On  what  aatborily  the  above  dispatch  was  sent  woa  not  known. 

Briiaaa  *  Nwth  AMarleaa  BAllrMd  Coapany.-The 
haadboklefs  of  thia  company  were  reqoastad  by  a  notice  in  Lao- 
doa  to  meet  Hept.  8  to  consider  terms  for  rcrmstructing  the 
aaapany.  It  was  stated  that  the  general  teriuK  proposed  would  I  e 
to  pay  one-lialf  eoopons  in  etrU  tot  six  yearn,  aod  to  fund  tbe 
olbar  half  in  a  0  pat  cent,  bond  with  tea  years  to  run.  That  if 
Ihaae  uraia  were  aceeptad  payment  of  ooe-balf  (he  Julr  coupon 
woald  eery  soon  ba  made.  That  tbe  lino  poaaeaeea  all  the  el» 
■enla  of  great  prosperity  cannot  be  doabted.  Tbe  main  linn 
•xteads  ftoiD  the  City  of  m.  John,  New  Brvnswlck,  to  the  city  of 
Bangor,  la  tba  State  of  Maine,  aad  baa  a  braaeh  twentytatO' 


miles  in  length  connecting  with  Frederickton,  the  capital  of  the 
province.  From  St.  John  the  line  has  direct  access  to  Halifax, 
and  at  Bangor  joins  the  Msine  Central  line,  which  gives  commu- 
nication with  the  City  of  Portland,  the  United  Slates  railwsy 
system,  and  the  Qrand  Trunk  Railway  of  Canada. 

Franklin  Telpgraph  Company.— The  Franklin  Telegraph 
Company  held  an  adjourned  meeting  Sept.  1,5,  in  Boston.  A 
memorandum  was  presented  showing  the  receipts  since  April  3  to 
be  $200,158,  the  expendiiure,  $266,530,  and  the  additional  sum  of 
$24,773  OS  advanced  by  the  Atlantic  and  Pacific  Company  for  im- 
provements and  new  lines.  H.  B.  Wilbur  and  Oeo'ge  Hilbrook 
were  appointed  to  audit  the  Treasurer's  accounts  and  examine 
into  tbe  relations  with  the  Atlantic  and  Pacific  Company. 

Illinois  Midland. — In  the  Edgar  County,  Ills.,  Circuit  Court, 
Sept.  11,  on  the  petition  of  R.  G.  Hervey.  President,  and  a  number 
of  the  creditors  of  the  Illinois  Midland  Itailway,  Col.  Oeorge  Dale 
of  Paris  was  appointed  receiver  of  the  company.  Col.  Dale  imme- 
diately filed  his  bond  anl  took  possession. 

Indianapoli§  Bloomington  and  Western.— The  Inter-Oeean 
says;  "(Jen.  (Jeorge  B.  Wright,  receiver  of  tbe  Indiantipolis 
Bloomington  and  Western  Road,  has  filed  his  second  report  with 
the  court  auihnriiies.  'I'he  following  lire  the  transactions  from 
the  1st  of  March  to  tlio  l.it  of  August :  Since  Dec.  1,  1874,  $263,- 
iVi  50  have  been  expended  in  repairs, of  wliich  nniount  $93,235  50 
was  paid  In  :»8li,and  certificate!  issued  for  the  remainder;  twenty- 
eight  locomotives  claimed  by  tbe  Rogers  Locomotive  and  Ma- 
chine Works  are  still  in  possesaion  of  the  receiver,  where'  they 
will  remain  until  the  court  decrees  to  the  contrary.  A  new  leaso 
has  been  efTerted  between  this  road  and  the  Peoria  &  Springfield 
liailroad  Companv,  which  provides  for  the  psyment  of  rental  on 
a  trntHc  ba.ii».  Since  Diceinber.  1874,  up  to  August,  187.'>.  $S9,- 
TS3  27  has  been  paid  on  back  pay  rolls,  and  the  earnings  ot  tbe 
road  during  tbe  aame  period  aggregate  $720,246  61.  The  receiver 
has  issued  certificates  of  indebtedness  to  the  amount  of  $205,000, 
to  bear  7  p«r  cent,  interest,  and  to  mature  in  six,  twelve,  eighteen, 
and  twenty  months.  Mr.  Wright  concludes  by  recommending 
that  the  present  maximum  grade  be  reduced,  which  would  require 
an  expenditure  of  $350,000." 

Ia4iaaapoU.H  Cincinnati  k  Lafayette.— The  Indisnapolis 
Jcmrnalot  Sept.  1  say-:  "  I'he  pooling  arrangeiu-nt  which  baa 
existed  for  a  couple' of  years  between  the  In  lianapolis  Cincin- 
nati &  Lafayette  and  the  Cincinnati  Hamilton  and  Indiana|>olis 
roads  terminated  yesterday  by  expiration  of  time  agreed  upon. 
Neither  of  tbe  companies  soem  anxious  to  renew  the  arrange- 
ment, and  without  doubt  a  healthy  competition  will  arise  between 
the  two  lloes,and  a  slight  reduction  in  passenger  fares  may  be  ex- 
pected. The  management  of  both  roads,  however,  am  too  wise 
to  adopt  any  course  which  will  bring  about  such  suicidal  rates  aa 
have  been  prevailing  upon  some  other  lines." 

LealaTille  Claclnnati  k  Lexington.— The  following  is  from 
the  monthly  report  Hle<l  br  iieceiver  Qill  : 

c^aa  aacaipis  ma  oisaossaiiBXTS  im  adodst. 

Aae.  I— BalaaesaaiwadrmnlaataBODlh $IV7.S0a  an 

Rsestpudori^aMMrth _uwn7 

Total  rsealpts /• 

By  cash  paid  oat  darlcc  moatb 


.  $ail.M«  47 

,    n,iw  n 


Aagn   Balaace  OB  hand •ia\.!mi» 

Tha  MIowiag  are  details  of  tbe  earoiugs  and  expenaea  during 
July: 

Ocosasardags-ftaavassaactrs *Sy£^l* 

tnjmti 

I,M4  74 

I,49«  07 

•• •  M7  55 

1,0«8  87 


rraalM^t 

Fmm 


nil  ai  auk  ..    . 

lalsswsasotH . . 


•»,197  M 


IMsl 
Operating  expenses— 

OoadecUactiansportaUon..    ^. •S'ZS  ?! 

)loil»«oo«er!^?T JJfSff 

MalBtcaaacaofway S*!!?  S 

Malsliaasssofears ^S2  S 

Osaisal  iipwiis -  *■"*  " 

(w.a4so 

NetsamlDx* ► $10,«78  44 

Oeoeral  summary — 

t«8.8HS0 
1,811  » 
1.4U8t 

i.tm  ot 

607  06 

1,451  iS 

•185 


To  op«raltD  *  sxp 

Tnreati  to  P.  C.  *SL  L.  railroad..* 

TQraiii»tnA.L.  *  B.  8.  railroad 

To  aHK^iaUag  L.  R.  Transfer.. _...... 

To  d<«en  o^raUMr  Netport  A  Cln.  bridge.. 

ToSiauiax — 

To  U  C.  a  L«z.  railroad  expense  aeconot ._,  .. 

Nstpwlt 8.797M 


$7«,T»7  «4 
iT>,T97  64 


By  gross  rarnlags 

Maaaaebosett-t  State  Ix>an.— Tbe  Bute  Treasurer  has  been 
authorised  to  contract  with  Messrs.  Kidder,  Peabody  jc  Co.  for 
piteing  £2(»,.'595  sterling  of  the  $1,800,000  loan  for  the  construc- 
tion of  tbe  Reformatory  Prison  for  Women  and  the  new  State 
Prison  at  Concord. 

Xilwankee  Lake  Shore  k  Weetem.— Judge  Dyer,  of  the 
t'nlted  States  Circuit  Court  at  Milwaukee,  Sept.  7,  granted  the 
spplieatlon  for  the  appoiniment  of  a  receiver  for  this  road,  on  tbe 
foreclo«ure  suit  brought  for  non  payment  of  interest  on  a  debt  of 
$4,000.0(>0.  F.  W.  Rb<  inlander,  Prealdent,  was  appointed  receiver 
of  tha  road,  Sept.  13. 

NlfMOnri  State  BondH.— The  8t«te  Fund  Commissioners,  at 
St  l.ouis  S.ipl.  15,  awarded  tbe  $2,2H7,<HX)  renewal  bonds  aH 
follows:  Kobn  &  Co.,  »t.  Louis.  |8,2i7.00<)  at  »t«.77  cents,  and 
the  Sute  Board  ol  Education  $40,000  at  09  cents. 


278 


mE   CHRONICLK 


[September  18,  1875. 


Montclair  Railroad.— The  sale  of  thie  road  wan  postponed 
■for  two  weeks  and  will  take  place  at  Tajlor's  Hotel,  Jersey  City, 
on  Sept  25. 

New  Orleans  Finances. — A  scheme  for  manaf^ing  the  debt  of 
the  city,  on  the  liond  premium  drawing  plan,  has  been  proposed 
by  Mr.  D.  H.  Adier  and  han  heen  accepted  by  the  Department  of 
Finance,  hayin);  l>een  recommended  to  the  City  Council  for 
adoption.  The  pl«n  is  called  ilie"  Premium  Bonded  Fund  of  the 
city  of  New  Orleans,"  and  is  a  redeiuptiou  of  bonds  by  ballot  with 
a  premium  attached.  The  new  bonds  are  beine  engraved,  and  the 
first  "  series  drawing"  w«b  expected  to  be  made  Sept.  15. 

The  plan  is  to  convert  iho  entire  city  debt  into  Premium  Bonds 
redeemable  in  one  to  fifty  years,  with  5  per  cent  annual  interest. 
.For  the  $20,000,000  of  existing  bonds  are  to  be  given  the  new 
bonds,  at  par,  which  are  to  be  1,000,000  in  number,  $20  each, 
divided  Into  10,000  8eri«-s  of  100  bonds  each,  the  number  of  the  first 
series  running  from  1  to  100,  the  ntcond  from  101  to  200, and  so  on. 
Twice  a  year  numbers  representing  all  the  series  then  existing 
■will  be  put  in  a  wheel,  from  which  will  be  drawn  one-lialf  asmany 
redemption-numbers  as  there  are  series  to  be  redeemed  that  year; 
all  the  bonds  contained  in  the  aeries  drawn  will  be  paid,  three 
mouths  after,  with  the  accrued  interest,  which  makes  each  bond 
worth  lji21  the  second  year,  $22  the  third,  and  so  on  Increasing  a 
dollar  annually  up  to  the  fiftieth  ywr.  On  the  semi  annual  dates 
of  payment,  drawings  for  $50,000  of  "premiums'  will  also  beheld, 
in  which  those  only  wiU  participate  who  hold  premium  bonds 
pavablB  on  those  days.  There  will  be  one  preiuium  (or  •'  orize") 
of  $50,000;  5  of  $1,000 ;  20  of  $500  ;  50  of  $100  ;  K  0  of  $50;  1,000 
of  $20;  these  are  payai)le  with  the  bonds  to  the  lucky  holders. 
The  New  Orleans  Times  savs  of  it : 

The  plan  met  with  eome  opposition  at  flrpt,  chiefly  on  arcoiint  of  Us  novelty, 
twit,  upon  more  mature  consideration  it  1h  Kt^n^  rally  conceded  to  be.  if  not 
perfectly  satipfsctory  in  every  repiiect,  at  any  rale  the  mi»t  feasible  and  gen 
«ral!}' acceptable  that  has  been  broached.  The  opposition,  chiefly  from  the 
IsoudliulderH,  has  relaxed.  The  amount  of  boude  tnup  far  presented  for  co't- 
■version  is  nearly  $1,000,000,  and  they  are  coming  in  with  increasing  rapidity. 
The  first  drawinj^  will  take  place  on  the  15th  of  -iept..  if  there  is  no  delay  in 
the  enj^raviog  and  si^nin;?  of  t.he  bonds.  The  delay,  if  any.  on  this  account, 
■will  be  hut  a  few  days.  The  premium  allotments,  amounting  to  $50,000, 
tog'Mher  with  10,000  bonds  of  $20  each,  the  numbers  <tf  which  will  be  indicated 
by  tills  draw. nff,  will  be  paid  in  cash  Jan.  15.  187t».  Once  fairly  inaugurated, 
theri- is  little  doubt  that  tlie  scheme  will  be  universally  aoproved.  *  *  *  • 
Tlio  best  feature  of  the  plan  is  the  immediate  relief  and  opportunity  to 
recuperate  which  It  now  gives.  Now  the  rate  of  tax  is  2)^  per  cent  on  $119.i!01,- 
001— under  this  plan,  a  tax  of  IX  per  cetit  on  $100,000,000  of  real  and  personal 
properly  tulll  pay  interest,  all  expenses  of  city  government  and  leave  a  surplus 
f260,t)0U/or  a  sinking  fund.  The  tax,  for  interest,  will  be  thirty  cents  on  the 
$!0n,  or  $100,000,  in  lead  of  I'liX  cents  on  the  $!O0,  or  $l,4OJ,0J0as  now.  The 
Property  Holders  Union  are  considering  this  among  the  plans  they  will  recom- 
mend for  the  reduction  of  taxes,  and  :t  is  doubtful  whether  they  can  discover 
anything,  which,  all  things  considered,  will  be  mi.re  effectual  ind  satisfactory. 

New  York  &  Oswego  Midland.— The  William.s  bondholders 
commiltee  has  joined  with  tlie  Cowdtey  party.  Thev  say  in  a  cir- 
cular that  they  had  received  $3,000,000,  or  one-fourth  of  the  first 
mortgafre  issue,  but  this  amount  being  insufficient  to  carry  out 
their  plan  of  re  organization,  they  have  declared  the  agreement 
cancelled  and  autiiorizud  the  return  of  the  bonds,  if  desired.  The 
Cowdrey  committee  now  represents  $3,000,000  of  bonds.  They 
say  that  the  Cowdrey  plan  has  been  Eiodified  so  as  to  remove  the 
objections  made  to  it.  Three  of  the  Williams  committee,  Messrs. 
Williams,  Dodd  and  Houston,  have  been  elected  members  of  the 


new  committee,  which  will  consist  of  Conrad  A.  Jordan,  Henry 
Amy,  Frederick  P.  James,  Eklward  Livingston,  John  E.  Williams, 
Daniel  Dodd,  and  Theodore  Houston. 

The  committee  recommends  bondholders  whose  bonds  are 
deposited  with  the  Union  Trust  Company  to  surrender  their 
present  certificate  of  deposit,  and  transfer  their  fwncis  to  the  new 
committee.  By  this  means  over  $5,000,000  of  bonds  will  be  at  once 
consolidated,  and  the  committee  expects  that  the  remaining 
$!J,OOl),000  will  join  the  combination. 

— In  the  United  States  Circuit  Court,  in  the  foreclosure  suit  of 
John  a.  Stevens  and  Abrara  8.  Hewitt,  receivers, against  the  New 
York  &  Oswego  Midland  Railroad,  Mr.  Green,  of  counsel  for  the 
receivers,  moved  lor  an  adjoumment  of  final  hearing  until  Oct.  2, 
and  also  to  extend  the  time  for  taking  proofs  of  claims  before  the 
examiner.  Commissioner  Kenneth  G.  White.  He  further  moved 
that  the  closed  branches  of  that  road  be  surrendered  to  the 
lessors,  on  the  ground  that  these  branches  cannot  be  operated 
without  considerable  loss.  This  motion  was  opposed  by  counsel, 
who  claimed  that  the  surrender  of  the  leaded  branches  of  the 
road  would  seriously  jeopardize  the  rights  of  the  first  mortgage 
hondho:ders,  and,  alter  discussion,  the  matter  was  adjourned  until 
Monday,  for  the  purpose  of  taking  testimony  relative  to  the 
questions  at  issue. 

Osa^e  Talley  &  Southern  Kansas  Road,— The  above  railroad, 
running  from  Booneville  to  Tipton,  Mo.,  and  leased  to  the  Atlantic 
&  Pacific  Rail  road  Company,  was  sold  iit  public  auction  in  St.  Louis, 
Sept.  15,  under  a  deed  trust  to  secure  a  -f  200,000  bond.  John  H. 
Tracy  of  St.  Louis  was  the  purchaser  at  $50,000. 

Pacific  Mail. — The  new  Pacific  Mail  steamship,  the  City  of  San 
Francisco,  anived  at  Pier  42,  North  River,  at  10.30  a.m.  Saturday, 
11th  inst.,  having  made  a  trial  trip  of  three  days  from  Chester, 
Peun.,  where  she  was  built.  The  vessel  is  completed,  with  the  ex- 
ception o!  a  small  part  of  the  fittings,  whicli  will  be  supplied  while 
she  is  lying  here.  During  most  of  the  trip  the  weather  was  very 
mild,  iHit  on  Friday  afternoon  the  steamer  was  caught  in  H  gale, 
in  which  she  showed  her  seaworthy  qualities  to  the  entire  satis- 
faction of  all  on  board.  The  City  of  San  Francisco  is  353  feet 
long,  has  a  breadth  of  beam  of  40  feet,  and  from  the  hurricane  deck 
has  a  depth  of  39  feet  4  inches.  Her  engines  have  a  high-pressure 
cylinder  51  inches  in  diameter  and  a  low-pressure  cylinder  88 
inches  in  diameter,  with  a  stroke  of  piston  of  6  feet.  Tlie  surplus 
steam  is  discharged  into  the  condenser,  an  apparatus  where  it  is 
converted  into  water  for  future  Use.  This  avoids  tlie  annoyance 
and  noise  of  lilowing  off  steam.  On  the  trial  trip  the  maximum 
number  of  revolutions  attained  was  56  per  minute,  whicli  gave  a 
speed  of  13  8-10  knots  per  hour,  with  a  boiler  pressure  of  80  pounds 
to  the  square  inch.  The  vessel,  which  is  3,750  tons  burden,  made 
10  knots  per  hour,  consuming  only  17  tons  of  co»l  in  24  hours. 
She  is  to  he  placed  on  the  dry-dock  at  once,  in  oriter  to  rtceive  a 
coat  of  paint,  and  is  announced  to  sail  for  San  Francisco  on  the 
15th  inst.,  with  officers  as  follows:  Captain,  J.  J.  Waddell  ; 
Executive  Officer,  D.  Lynch  ;  Second  Officer,  Hod  ;  Third  Officer. 
Burt,  and  Chief-Engineer,  B.  C.  Bampton.  This  vessel,  with  the 
City  of  New  York  'and  City  of  Sydney,  now  in  process  oif  construe 
tion,  will  probably  be  run  between  San  Francisco  and  Sydney, 
Australia. — N.  T.  Tribune. 


MONTHLY  EARNINGS  OF   PRINCIPAL 

liAlLROADS. 

^AtTop. 

&S.V-. 

— Central  Pacific. — , 

Cin,  Lef,  liCbi'-Kgo. 

Senv.&BtoGrands. 

^Ulinol!  (Jentril  ^ 

-Ind.Bl.*We8t'n.-. 

1H74. 

1875. 

1874. 

1875. 

1874. 

187.=.. 

1874. 

1875. 

1874. 

1875. 

1874. 

1875. 

(509  m.) 

(50<)  m.) 

(1,219  m.) 

(1,213  m.) 
$890,000 

(75  m.) 

(75  n>.) 

(120  m.) 

(120  m.) 

(1109  m.) 

(1109  m.) 

(344  m.) 

(314  m.) 

$68,792 

$liS.B59 

$848,558 

$39,663 

$33,790 

..Xan... 

$19,.530 

20,:164 

$58:1.997 

$551,534 

$151,795 

$116,542 

73,506 

7^,410 

804.044 

.■>02,000 

36.537 

27,243 

..Feb..  .. 

19,124 

2:1,660 

517,671 

458,158 

129..301 

9fi.824 

121,002 

104,052 

8S2,4« 

1,192,000 

36,792 

30,024 

..Mar.... 

21,287 

26,500 

661,793 

586,188 

151,186 

104,750 

114,245 

11^,474 

l,110,l>24 

1,355,000 

39,902 

.32,710 

..April.. 

29,673 

:^2,162 

586,962 

686,716 

140,.3:i4 

100,767 

101.844 

107,845 

1,311.6.19 

1,797,000 

88.618 

80,328 

..May... 

38,083 

35,5:16 

621,013 

584,764 

119,910 

88.017 

101.774 

104.4:18 

1,:'B(1,615 

1,711,000 

81,870 

81,147 

June.. 

39,162 

35,329 

692.416 

699,928 

1.30,161 

79,8:rt 

100.641 

1:3.450 

1,286,910 

1,477,000 

85,126 

82,638 

..Jnly... 

40,782 

627,454 

702,  r&3 

124,895 

81,0:16 

112,681 

150,000 

1,322,557 

1,5.32.000 

34..550 

32,235 

..Aug;.... 

3.5,188 

711,969 

651.802 

l'«4,173 

103,526 

110,563 

1,-371,739 

40,105 

..Sept.... 

36,498 

758,516 

164.192 

113,654 

1,465,515 

44,668 

..Oct..  .. 

35  616 

8.38,  :107 

146,958 

116,379 

1,314.000 

88.687 



..Nov.... 

28,823 

668,94:1 

118,868 

102,2i5 

1,150,000 
$14,231,714 

42.300 

^^.^ 

..Dec 

..Year.. 

■29,993 
$376,659 

680,4:» 

.^i:::i2 

114,076 

$1,250,806 

$453,718 

$7,900,720 



^Ird.  Cin. 

&  Laf.^ 

Inte'-nat'nal  &6t  N. 

-—Kansas 

Paciflo-^ 

--Miehixan  Cent  -^ 

Ho.,  Kan. 

&  Texas. 

— MobUe  &  Ohio.  -. 

1874. 

1875. 

1«74 

1875. 

1871. 

1875. 

1874. 

1875. 

1874. 

1875. 

1874. 

1875. 

(1  HOT.) 

(17U  >«..) 

(382  m.) 

(455  m.) 

(672  m.) 

(672  m.) 

(804  m.) 

(804  m.) 

(786rn.l 

am  m.) 

(517  m.) 

(517  T».) 

$114,944 

$133,787 

$139,116 

$122,575 

$170,319 

$102.7:17 

..Jau... 

$647,4  ?6 

$o00,902 

$266,.3:i3 

$199,680 

$293,927 

$196,729 

i3«,i;6i 

111.355 

fll'),S96 

112  500 

178,429 

188.495 

..Feb..  .. 

513.016 

441,623 

230,:171 

195,234 

2I.3,:i48 

156,174 

118,9113 

l:i6,:»0 

a  91,1:M 

104,661 

215,774 

242,033 

..March 

615,930 

611,211 

262.801 

2.35, 138 

174,968 

130.261 

1,53. H73 

1.5S,784 

^  76.:i67 

85,2.55 

292,143 

291.651 

..April.. 
. .  May . . . 

68:1,802 

214.000 

200.3:19 

131,954 

109.711 

i4i,8-.a 

145,892 

a  73,^87 

30,858 

316,617 

289,706 

685,179 

224,800 

189.180 

146,667 

100.532 

142.561 

T  75,144 

74,280 

316,.339 

275665 

..June.. 

581.782 

2.37,420 

218,091 

120,407 

89,9:18 

141,540 



f   70,495 

71,6-12 

291,247 

282,686 

..July... 

519,8:2 

245,600 

211,719 

119,047 

102,101 

156,635 

I;  75,503 
6105,915 

80,778 

289,937 

805,139 

..Aug.... 

6(13,835 

259,000 

272,104 

116,6:19 

175,031 

302,318 

..Sept.... 

6S-.703 

834,400 

155,202 

174,630 

35147,418 

858.166 

..Oct 

751,596 

313.500 

212,607 

148,468 

T 176,512 
1.2.10,756 

$1,384,589 

275,847 

..Nov.... 

654,206 

280.000 

287,845 

154,499 

^■-— "1 

233,401 

..Dec... 
..Year.. 

-■.:::::::. 

252,700 
$3,150,725 

885,408 
$2,391,019 

$1,833,115 



>—. 8'.  Louis  AlT.cn  *Terre  Haute , 

. Ohio  &  Miss. . 

Ifain  Line. , 

, Branches. , 

St-L.IroaUt.&So. 

St.  L-  &  8.  East.^ 

. — Union  Pacific. — . 

1871. 

1875. 

1874. 

1875. 

1874. 

1^75. 

1874, 

1875. 

1874. 

1875. 

1874, 

1875. 

(395  m.) 

(395  ro.) 

(195  m.) 

(195  m.l 

(71  m.) 

(71  m.) 

(690  m.) 

(690  m.) 

(3.58  in.) 

(:153k..) 

(1038  m.) 

(1038  m.) 

$2i;6.0:i9 

$249,250 

$103,767 

$77,876 

$.38,607 

$57  201 

..Jan.... 

$250,074 

$266,395 

$fll,S40 

$84,516 

$6-20,715 

$,574,9.W 

213  167 

5l3.624 

86,499 

73,864 

37,498 

55,723 

..Feb.... 

217,368 

285,200 

99,447 

80,087 

-607,990 

620,307 

304.842 

■    810,908 

105,668 

8:1,023 

44,472 

49,370 

..Mar.... 

2.36,1.32 

275,300 

107,971 

81,"00 

687,026 

>)i8.a63 

298,665 

99,447 

86,948 

41,093 

40,207 

..April.. 

230,434 

258,,570 

91.997 

85.9:15 

834,955 

1,095,815 

268,807 

91,651 

73,4(i7 

40,867 

3H,980 

..May. .. 

244.894 

264,446 

88.5.58 

73,724 

910,065 

1,27:1,22.1 

29S,54B 

s;:::;:; 

99,814 

71,697 

4:1,1.53 

85,619 

..June.. 

2)8,608 

27.\:lO0 

96,M9 

65,083 

902.881 

1.042.5)4 

282. 6H7 

101,711 

73,842 

42,79* 

35,643 

..July... 

2 15, 248 

2-3:5,178 

92,821 

67,149 

850,143 

1,034,653 

321,»!i0 

^ 

112,621 

60,039 

40,406 

..  Aug.  .. 

251,2.30 

287,505 

110.924 

1,042,416 

1.061,000 

3fi),.374 

& 

113,247 

5r.,2S2 

..Sept.... 

292,216 

118,812 

1.063.993 

381,022 

127.042 

65.800 



..Oct.... 

358,777 

181,865 

1,141,938 

809  597 

109,165 

46,910 

..Nov.... 

850,860 

102.608 

1,000.598 



29it,013 

I 

100,415 
$1,254,137 

52,812 
$559  847 

..Dec... 
..Tear .. 

385,000 

102,912 
$1,253,694 

897,159 

$3,632,099 

....  .. 

••• *..*. 

$10,659,8S0 



September  18,  1875.] 


THE  CHRONICLE 


279 


^l)t  Commercial  ^imes. 

HiiDAT  NlSHT.  Sept.  17.  1875. 

Ailtiitiooal  failares  the  past  wefk  have  kept  credits  ia  an  an- 
(••ttlrd  condition,  caased  flactaatioD><  in  tba  premium  on  K^ld,  and 
eontribated  to  an  important  decline  in  the  nttca  of  exchange,  bj 
which  thA  conrae  of  trade  has  been  icTtaX\j  disturbed,  and  the 
rolame  of  basinesa  dimin'shed.  1 1  ia  evident  that  a  oontinuanje 
of  this  state  of  affairs  most  defeat  the  promise  for'the  Autumn 
trade  which  good  crops  afforded.  The  question  is  dailj  brought 
home  to  holders  of  merchandise,  "  To  whom  shall  we  give  credit, 
•Ten  for  cash  bills  T"  Reall7  sound  buyeis  limit  their  purchases 
in  quantity,  preferring  freqoent  returns  to  the  n:arkets.  And  jet 
there  is  coosiderable  apecalatire  gpirit  ibown,  favored,  as  it  is. 
by  the  extraordinary  cheapness  of  money. 

Pork  has  not  varied  much,  mess  fur  October  having  sold  at  $20  60 
np  to  $31 ,  the  higher  price  yesterday.  Tbore  haa  been  a  very  good 
trade  for  present  delivery,  bet  the  spaeolation  was  quite  tame 
until  yesterday.  I>arl  baa  sold  down  to  ISic  for  prime  Western 
on  the  spot,  13  5- 16c.  for  Oetober,  and  1$  $-i6c,  seller  the  year ; 
bat  yesterday  there  waa  a  sharp  rally  in  this  crop  to  13^.,  spot 
aad  September,  and  18  0-16c  for  October.  Ba«on  and  cut  moats 
b«T»  been  Onn,  as  thtra  is  as  yet  no  abatement  of  the  high  cost  of 
production,  beef  haa  been  quiet,  but  ]»ietty  firm,  with  sales  of 
extra  mess  at  $11  50  per  bbl.  Tallow  haa  advanced  to  10c  for 
prima  city ,  wivb  aalea  ahead  of  produetiOB.  Stearioe  has  sold  at 
16c  for  prime  Weatem.  Batter  has  bMB  doll  and  weak  ander 
free  sapplies.  Clicasa  haa  latterly  baan  In  itood  demand,  and 
with  receipts  light,  prices  have  recovered  to  lO^lle.  for  good  to 
prime  faetoriea.  Tu  day,  pork  was  steady  on  the  spot,  and  mess 
sold  at  $90  BS(g|31  for  Oeto>>er  Lard  advanced  to  l»|c  cash 
and  Septetabar,  IS  IMSe.  for  October,  aod  13ie..  seller  tUe  year. 
eloaiDg  with  thaaa  prtoee  bid.  in  other  provisions  little  doing, 
and  prices  without  intpnrtant  change. 

Bio  eoffea  waa  somewhat  exeii<~l  inward  the  eloaa,  by  Bio  tals- 
gnma  raportiag  that  market  opvaian  for  the  saw  crop  at  13|600 
^UIMO.  for  good  to  prime  eariroeo.  with  exebaafa-  >7{d.— equal 
to  ai>l<331c.,  gold,  laid  down  bere.  Kioe  has  met  with  k  good  de- 
mand, with  Baacoon  selliair  for  •■x|K>rtat$3  70,  gold.  In  bond. 
Molaaaaa  haa  been  dall  and  drooping.  Sogars  are  alao  weak  ; 
efferiags  on  sals  more  liberal,  and  x^e.  gaaarally  quoted  tor  good 
(•Aalas  Caba.  Bad  ataadard  eraahed  llje. 

•azML       Bh*. 

MlIM         «Mt4 

Stack  a«|rt  !«,  ins IIS.SK  HLW         imju* 

Muck  Sept  IT,  in4 (•.OSO  m^Ot  SMOA 

Kaauwky  tobaceo  haa  baan  lasi  aetiva  bat  steady  at  7f^Be.  for 
loga,  aad  lOiaCJe.  lor  leaf :  the  sales  for  Iha  week  ambrasad  400 
bhds  .  of  which  800  ware  lor  ex|>ort  aad  lOU  lor  eonsamptioo. 
Seed  leaf  has  baa*  lagood  dem«n  I  aod  aboat  steady  ;  the  eilee 
ambrace,  arop  of  ISnTUaaaaa  Conosartaat  a*  7|«.;  empof  1971, 
IM  OMaa  dA,  o«  private  laraa ;  rrop  of  18B.  49  eaaaa  do.,  oo  pri- 
vate laroM;  etopof  1873  and  !-rr3.  .1(  eases  do.  at  5^.;  crop  of 
tH73.4«easMdo..  partat  -  '-^  ($S|«.,  800  eaaaa 

vVi.«-.™»!o.  at  T(il3«.,  4''.  a  CMsa  Penasyl- 

'  eaaaa  Ouio  wra|>p-r«,  uu  private  term*;  aod  crop  of 
':M»i  PeoMvlvania  and  :i  N)  caaas  CoaaectiTUt,  on  pri  - 
T«(x  teruia;  alao  850  oasasaqodry  kinds  at  7(^Yi^.  ripaoiah  to- 
bacco kaa  baa*  la  fair  ilaasnit  and  firm ;  the  sales  ware  700  balea 
Havaaa  at  83e.i9$l  OSf. 

Ltaaead  oil  haa  ralad  lower  and  fairly  active  at  63t/aa3c  Crada 
sperm  has  baoB  quiet  bat  Brm  at  I'.  50.  Crude  whale  haa  beaa 
ia  good  damaa  i.  with  aales  of  1.00 )  'jbls.  A.reiie  at  70c  Menbad- 
eo  ataady  at  dt(gS3e,  lot  crime  sound.  Hides  have  been  qatet 
bat  steady;  dry  Boaaoa  Ayrv«  qintedat  81(03.10.,  gold,  and  dry 
Texas  HaJOi.  mmmer.    Whi<k«.r  baa  daeliaed  to  $1  17i 

Thara  baa  beaa  a  fodarale  busin-isa  ia 


B<«st^  pssi  wssk . 


.     «.I10 
.  U.MI 

.iis.sk 


freights,  and  rates 
both  for  berth  aod  charter  mom  bare  baoa  gaaarally  steady  ;  tba 
Utter  eapeeially  so,  as  the  offoriogi  of  tooaafn  are  not  eoosiderod 
axceaaiva.  Lata  aagacomsaw  and  charters  laclodod  grain  te  Liv 
arpool  by  staaa,  Cid.;  prorlatoaa  at  Via.qm».  Od.:  cheese  to  Ulas- 
gow  by  steam,  at  40s.;  roBsad  petroleam  te  the  Baltic,  .'Ss.  Od.;  do. 
to  Biaaan,  4s.  Sd.;  aapbtba  to  Havre  or  Aatwerp.  la.  9i .  To  day 
thara  waa  ao  tmprovad  bosinaaa  erabraeiBg  groin  to  Liverpool  by 
stsaiB,  H4Jfi74.:  cjtloo  at  S-16d.:  grala  to  Loodoo  by  staaa.  7d. 
par60lba.:  do.  by  aall.  6^.;  do.  to  (ilaagow  by  staam.  Hia^fl.: 
grain  to  <Jork  for  opier<.  \*.  8d.  per  quarter,  rs-let  veosela ;  refloed 
petroleam  to  the  Continent,  excluding  Dutch  ports,  4s.  6d. ;  do.  to 
the  Baltic.  5s.  6d  ;  ootlon  from  Cbarlesioa  to  Lverpoul  or  Havre 
at  7-l«d. 

Than  baa  baaa  a  moderate  buviaeas  In  rodns,  and  quotation* 
have  lamalaad  steady  at  $1  05(d>|l  70  for  common  to  good 
straiaad.  SpiriM  tarpeotine  i*  stui  quoted  at  .'SI ^c,  and  a  fair 
aawaat  of  biislnaas  haa  i»aaa  affected.  The  petroleum  market  haa 
ouatlaaad  to  advaoca,  ludar  tha  elleete  of  tba  strong  combination 
eslating  at  tha  Creek  ;  refined,  in  bbla.,  was  sold  largely  and 
eloate  at  IS^c;  erode.  In  balk,  also  haa  baaa  quite  active,  and  at 
tha  close  was  bald  at  6H  Ingot  ooppar  rmaaloa  ateady,  though 
qalat;  aslee  lOOjOOO  Iba.  f>ake  at  98|an|e.,  sash.  American  pig 
Iras  Is  dull  aad  aomlsal  at  $36(9VT  lor  No  1 ;  Scotch  pig 
bald  firmly  at  $W(ifW  tor  Coltnewi  and  Cilengarnock,  and  $30(9 
$80  10  lor  ii^gUaloa.  taip  Is  ia  demand,  with  salsa  oi  400  tons 
at$n. 


KxpoTtm  or  LeadluK  Aruciea  rrom  New  Vara* 

The  toUowing  table,  compiled  from  Custom  House  retamg, 
shows  the  exports  of  leading  articles  from  the  port  of  New 
York  since  January  1,  1875,  to  all  the  principal  foreign  countries, 
and  also  the  totals  for  the  last  week,  and  since  January  1.  The 
last  two  lines  »\xow  total  »ai««», including  the  value  of  all  other 
articles  besides  those  mentioned  in  the  table 


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\p.  11  ■  lis  :  =15?  i  !|S  i|  a  =«§§=s  igp.S  ;l!- 
I^rf  gs     -frf    •--      -H    Ji        -jj  -$  si— ^  S-s 

i  i  iJ  i  i  i|S  ;  i23S2  i| :  h  iSiSHS  =§'588|8  II 

•       rf  P  2  .  _      .  .  .      .  ."f     S- 

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■  ':'•-'''''•'•:•'•   t-  •  'n:  ':  -31  :  ;  i  :  •  •H^.'i  ■  it 
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n^Mn:--M::fniini?i:Hii:ii|i 

ye5aiil|||||||l^||ai|ll-^^      'I 


•  >> 

^■33 


280 


THE  CHEONICLK 


[September  18,  1875 


Imporia  of  Leadlux  Artlclen. 

The  foUonrinff  table,  coinpiUd  from  Oastom  House  returnB, 
8how8  the  foreign  imports  ot  leading  articles  at  this  port  siace 
Jan.  1, 1875.  and  for  llie  same  period  of  1874  ; 

[Tha  qaautlty  is  given  la  p:icka;;tis  wlien  not  otherwise  specified.] 


Since 
J»n.l,'75. 


Obtna,   QIaas  and 
Earthonware— 

Uhlna 

Earthenware. 

Qlass '.. 

Olassware  ... 

Glass  plate... 

Battens 

Coal,  tons 

Cocoa,  bags. . 

Cotfee,  bags 

Coitou,  bales.  . 
Drugs,  &c — 

Bark,  Pernvlar... 

Blca.  powders... 

Cochineal 

Ofeaiu  Tartar... 

Ga:nbier 

Gam.  Arabic 

Indlao  

Madder 

Oils,  essential.. 

Oil,  Olive 

Opium 

Soda,  bi>carb. . . , 

Soda,  sal 

Soda  ash 

Flax  

Pars 

Sunny  cloth 

Hair 

Hemp,  bales 

Hides,  &c— 

Bristles 

Hides,  dressed. 

India  rubber 

Ivory 

Jewelry,  &c. — 

Jewelry 

Watches....... 

Linseed 

KolaB6«s 


Same 
time  1874 


10,241 

85,333 

Si8,0.)8 

•i.%i3i 

7,08ii 

5,537 

S'J,6Di 

17,914 

1,267,037 

3,0^1 

24,768 

S-2.84b 

3,Si50 

487 

9.017 

2,883 

2,810 

1,486 

79ti 

29,221) 

,      640 

16,801) 

38.280 

41,311 

6.701 

6,18il 

1,423 

3,3  3 

89,331 

1.212 
4,550 
28,419 
2,413 

2,319 

540 

6112.601 

91,536 


Since 
Jan.l,'7&. 


9,722 
84,552 

310,0i0 

27,071 

6,350 

6,3Ji 

46,203 

20,141 

1,078,661 

2.418 

26,291 

1H.24;: 

4,80;, 

5)32 

27,501 

4,06J 

3.0M 

l,80q 

756 

25,260 

1,818 

31,501 

41,4U2 

35,422 

7.48U 

4,960 

656 

3,038 

141,787 

1,038 
6,530 
3r,6S» 
.1,577 

2,29H 

717 

607,251 

94,960 


Metals,  Ac- 
Cutlery 

Hardwuie 

Iron,  BR.  bars. . 

Lead,  pigs 

Spelter,  lbs 

Steel 

Tlu,  boxes 

Tin  Blabs, lbs... 

Rags 

Sugar,  hhds,  tcs.  & 

bbls 

Sugar,  bxB  &,  bags. 

Tea  

Tobacco 

Waste 

Winos,  &c — 
Champagne,  bks. 

Wines 

Wool,  bales 

Artidet  reported  by 
value  — 

Cigars 

Owrlcs 

Fancy  goods. .    .. 

Pish 

Fruits,  Ac- 
Lemons 

Oranges 

Nuts 

Raisins 

Hides,  undressed 

Hice 

SpiceSj  &c. — 

Cassia 

Ginger 

Pepper 

Saltpetre 

Sfoods— 

Cork 

Fustic 

Logwood 

Mahogany 


Same 
time  1874 


3,161 

2,169 

23,611 

71,998 

934,838 

63,155 

720,138 

6,038,839 

99,626 

506,237 

1,334.88 

655,615 

41,121 

1,467 

73,267 
l.S5,996 
38,239 


$1185,416 
66,413 
795.839 
162,923 

570,916 
1,735,817 

637,816 

752,8:)5 
7,815.516 

288,6118 

151.266 

76,143 

470,726 

166,835 

257,696 
62.06-i 

37T,;33 
81,734 


Thn  exports  for  the  week  eadiag  this  eveoiag  reach  a  total 

of   3,537  bales,  of  which  2,513  were    to    Great    Britain,  to 

France,  and  1,015  to  the  rest  ot  the  Continent,  while  the  stocks, 
as  made  up  this  evening,  are  now  89.0113  bales.  Below  are  the 
stocks  and  exports  for  the  week  and  aUo  for  the  corresponding 
week  of  last  geasou. 


3,375 

2,2!9 

225,475 

151,471 

1,859,010 

84,655 

707,802 

8,234,917 

96,849 

599,915 

931,911 

797,950 

63,9)6 

3,147 

83,552 
132,391 
33,296 


$157.').045 
69,519 

T73.83I 
178,751 

934,133 
l,.301,.'i84 

896.131 
1,105,332 
9,879,723 

696,700 

71,160 

98.378 

454.512 

283,635 

201,510 
20,635 

199,195 
71,448 


Kzpot-ted  tt>— 

Total 

th.. 

week. 

2,310 

Same 

Weel 
1874. 

StocK. 

ITeekendlaii 
Sept.  17. 

Q.Brit. 

France 

Contts't 

1S75. 
13A1^ 

1874. 

."few  Orleans 

2,310 

18,628 

Mobile 

... 

.... 

... 

3,014 

5.638 

Charleston... 

.... 

5,613 

3,821 

Savannah 

,.*• 

.... 

7,298 

e,0i9 

Oalveston.... 

, 

20,103 

11,473 

New  rorn,  . 

201 

573 

7T5 

I,»82 

23,190 

41,215 

OlUor  ports'. 

442 

442 

1.2(1 

11,000 

17,010 

Total   .... 

2,512 

1,01.') 

3,527 

3.226 

39,093 

105,377 

Since  sept.  1 

7.0)9 

ill 

l.tdS 

6,218 

12,278 

.... 

.... 

•  The  exports  this  week  under  the  head  of  "other  ports"  Include  Irom  Baltimore 
411  bales  to  Liverpool :  I'rora  Boston  1  bale  to  British  Provinces. 

[1^~  Our  telegram  from  New  Orleans  to-night  shows  that 
besides  the  above  exports  the  amount  of  cotton  on  shipboard,  and 
engaged  for  shipment  at  that  port,  is  as  toUows:  For  Liverpool, 
none;  for  Havre,  3,000  bales;  for  Continent,  500  bales;  for 
coastwise  ports,  1,000  bales;  total,  4,500  bales);  which,  if  deducted 
from  the  stock,  would  leave  9,000  bales  representing  the 
quantity  at  the  lauding  and  in  presses  unsold  or  awaiting  orders.] 

From  the  foregoing  statement,  it  will  be  seen  that,  compared 
with  the  corresponding  week  of  last  season,  there  is  an  increa»e 
in  the  exports  this  week  of  301  bales,  while  the  stocks  to- 
night are  10,781  bale-i  less  than  they  were  at  this  time  a  year 
ago.  The  following  is  cur  usual  table  .showing  the  movement 
of  cotton  at  all  the  ports  from  Sept.  1  to  Sept.  10,  the  latest  mail 
dates : 


POKTS. 


Receipts  or  Domestic   ProdRce. 

The  receipts  of  domestic  produce  since  January  1,  1875,  and  for 
the  game  time  in  1874,  have  been  as  followg  : 


Since 
Jan.1,'75. 


Ashes pkgs. 

Braadatuffs— 

Flour bbls. 

Wheat bush. 

Corn 

Oats 

Rye 

Barley  and  malt. 

Grass  seed. bags. 

Beans bbls. 

Peas bush, 

C.  meal bbls. 

Cotton bales. 

Hemp bales. 

Hides No, 

Hops hales. 

Leather.  .,  .sides 
Molasses 
Molasses 
Naval  Stores- 

Cr.  turp.  ..bbls. 

Spirits  turpen. . . 

Bosin 

Tar 


Same 
time  1874 


.hhds. 
.bbls. 


5,835 

2,405,205 

19,901,353 

15,731,055 

5,890,436 

106.560 

1,312,335 

54,250 

42,9-25 

240.625 

93.810 

332,624 

1,998 

1.850.419 

10,100 

2,772,822 

791 

22,-95 

6,739 

47,323 

369,272 

10,614 


6,433 

,783,671 

,953,785 

,981,8-1 

,961,347 

457,205 

788,1153 

43,757 

46,050 

334,767 

142,215 

577,131 

3,149 

;,.5-;2.60Sl 

11,99! 

1,632,512, 

231406 

10,5!5 

59,843 

330,064 

40.400 


Since        Same 
.Tan.l, '75. 'time  1874 


Pitch 

Oilcake pkgs 

Oil,  lard 

Peanuts bags 

Provisions — 

Butter  ... 

Cheese... 

Cutmeats 

Eggs 

Pork 

Beef.. 

Lard 

Lard kegs 

Rice pkgs. 

Starch 

Stearine 

Sugar bbls. 

Sugar hhds. 

Tallow pkgs. 

Tobacco    

Tobacco hhds. 

Whiskey bbls. 

Wool bales. 

Dressed  Hogs.. No. 


797 

152,635 

4,794 

41,606 

656,792 
1,521,425 

232,467 

325,154 

116,.933 
18,459 

197,459 
9,372 
15,188 

251,139 
14,909 
59,216 
13.20- 
12.226 

129.786 
36,041 

114,569 
48.C50, 
46,8221 


2,974 

103,787 

2,193 

84,705 

620,036 
1,,399,361 

213,202 

377,7.52 
89,666 
18,001 

187,664 
27,464 
14,754 

214,409 
15,394 

'284 
24,721 

174,509 
94,066 

1.96,437 
58,979 

106.793 


New  Orleans... 

Mobile 

Charleston* ... 

Savannah 

Galveston^ 

New  York 

Florida 

No.  Carolina,.. 

Norfolk' 

Other  ports.... 

Total  this  year. 

Total  last  year, 


aaoKipTs 

SINOB  8XPT. I. 


■ZPOKTBD  StNOB  SIPT.l.TO- 


1875. 


1874. 


Great  l  Other 

Britain.  France.  For'gn 


2,194 
1,562 
2,91^ 
S4>8 
11,342 


178 
902 
107 


3,461 
1,465 
1,8S9 
4,747 
5,931 

307 

41 

80 

1,440 

290 


Total. 
1,704 


4,716 

~i7052 


Coast 
wise 
Poru. 


2.885 
529 
l,9i2 
2,096 
3,125 

"eo 

173 
8IJ9 


11,223 


Stock. 


9,619 
1,S55 
8.773 
2,653 
13,134 
24,465 

■4S3 
1,363 
13,500 


95,791 


COTTON. 

Fbidat,  p.  M.,  Sept.  17.  1875. 
By  special  telegrams  received  to-night  from  the  Southern  Ports 
we  are  in  possession  of  the  returns  showing  the  receipts,  exports 
&c.,  of  cotton  for  the  week  ending  this  evening,  Sept.  17.     It 
appears  that  the  total  receipts  for  the  seven  days  have  reached 
36,709  bales,   against   18,676    bales   last  week,    4,264  bales    the 
previous   week,  and    3,610  bales  three  weeks  since,  making    the 
total    receipts    since   the   first  of  September,   1875,  59,431  bales, 
against    47,699  bales   for  the  same  period  of   1874,  showing  an 
increase  since  September  1,  1875,  of  11,735  bales.    The  details  of 
the  receipts  for  this  week  (as  per  telegraph)  and  for  correspond- 
ing weeks  of  five  previous  years  are  as  follows: 


Becelved  this  week  at— 

1875. 

1874. 

1873. 

1872. 

IS71. 

1870. 

New  Orleans  ....bales. 
Mobile 

4.898 

2,691 

5,»79 

36 

7,781 

10,739 

150 

1611 

82 

789 

1,636 

1,816 

5,4'>4 
2.S5IJ 
1,723 

8,183 
4,54') 

I'l'iei 

40 

3i.i 

\,Tii 

1,310 

4,791 
1,792 

\  4.531 
•7.327 

1      1,153 

1,853 
19 

339 
1,613 

222 

13,263 
3,752 

10,9B 

12,833 

4,1!1 

6S2 
75 

;,2»i 

4,1»5 
131 

3,659 
1,693 

2,981 

3,236 

8.3)7 

1,975 
31 
393 

\     S,239 

3,710 
1,107 
4,146 

Port  Uoyal,  ftc 

Savannan ... 

Galveston 

6,215 
636 

Tennessee,  Ac...  

401 
12 

436 

Norfolk 

City  Point,  &c 

997 

Total  this  week 

36,709 

29,045 

23,618 

51,289         23,606 

17,930 

TotalslnceSept.l... 

59.121 

47,699 

41,093 

97,598          42.464 

35.932 

*  Under  the  head  of  0/iarl'Mnn  la  Included  Port  Royal,  &c  ;  under  the  head  of 
OalvestonU  Included  Indlanola,  JBC;  under  the  head  of  Nortotk,  Is  Included  City 
Point.  &c. 

We  have  had  a  very  irregular  market  for   cotton  daring   the 
past  week.     Cotton  on  the  spot  has  been  steadily  declining,  under 
free  receipts  at   the  ports,  increasing   stocks,  limited   spinning 
demand,  and  depressing  foreign  advices.     The  comparatively  low 
prices  at  which  early  futures  have  been  sold  have  caused  partie  s 
in  want  of  cotton  to  limit  their  purchases  to   their  Immediate 
needs.     New  cotton  from  the  wharf  has   been   sold  at  Jc.  under 
current  quotations.     Quotations  were  ^c.  lower  on  Monday,  and 
on  Wednesday  they  were  again  marked  down  l-16c.  for  grades 
below  middling  and  ^c.  for  middling  and  grades  above.     To-day, 
with  a  limited   spinning  demand,  and  Liverpool  reported  quiet 
and  lower,  quotations  were  further  reduced  ^c.  to  14c.  for  middling 
uplands.     For  future  delivery  the  market  has  been  variable  and 
feverish.     Prices  have  receded  to  a   point  at  which  parties   are 
afraid  to  remain  "  short "  over  night,  and  yet  the  market  does  uot 
develop  sufficient  strength  to  encourage  the  Bulls  in  any  persistent 
effort  to  advance  prices.     The  Bureau   report  which  was  made 
public  on  Thursday  morning,  but  was   known  to  a   few  in  the 
trade  on  the  previous  evening,  had  little  effect.     It  was  regarded 
as  somewhat  contradictory  in  its  statements.     Reports  of  a  disas- 
trous storm  in  Texas,  strengthened  futures  on  Thursday,  in  the 
face  of  a  material  decline  In  gold  and  exchange.     The  cold  early 
in  the  week  has  been  succeeded  by  milder  but  only  partially  clear 
weather.     To-day,  there  was  a  pretty  general  advance  of  l-16c.@ 
3-33c.,  the  market  deriving  some  additional   strength  from  the 
absence  of  advices  from  Galveston,  from  which   it  was   inferred 
that  the  storm  had  done  much  injury.     After  'Change  there  were 
sales  at   13  l-16c.   for  Oct.,   13  31-33c.   for   Nov.,    13c.   for   Dec, 
13  3-33c.  for  Jan.,  13  9-33c.  for  Feb.,  and   13Jc.   for  May.     The 
total   sales  for  forward  delivery  for  the  week  are  139,400  bales, 

including free  on  board.    For  immediate  delivery  the  total 

sales  foot   up    this   week    5,698   bales,   including   for   ex- 
port, 5,598  for  consumption,  102  for    speculation  and   in 

transit.     Of  the  above,  200  bales  were  to  arrive.     The  following 
are  the  closing  quotations  : 


New  Classlflcatlou. 


Ordinary per». 

Strict  Ordinary 

Good  Ordinary 

Strict  Good  Ordinary 

Low  Mlddltnir 

Strict  Low  Middling 

Middling 

9ood  Mlddllne 

Strict  Good  Middling 

Middling  Fair 

Fair 


Uplands. 

Alabama. 

ll>iS.... 

iiKa-... 

12    «... 

12  w.... 

12  H®,..- 

12H®.... 

ViX®.... 

12«8..., 

13M®.-. 

1350.... 

13  ^A■\^».... 

13  15-16®,... 

14  a... 

11X».... 

14X®.-.. 

u%».... 

UM«.— 

IS    ».... 

isxa... 

i5Ha.... 

lexa.... 

16X®.... 

New 
Orleans. 


n%».... 
vi%%.... 

Yi^(S>  ... 

isxa.... 
is»o.... 

14  3-16®.. 
IJX®.... 
14X».... 

153a.... 
i»xa.... 


11X@... 

12  M... 

12X®... 

13  «... 

18X9 :.. 

14  MP®., 
14S<@... 

151<a... 

i5»a... 
i«xa.. 


September  18, 1875J 


THE  CHRONICLE. 


281 


I 


Balow  wa  sive  the  lale*  ol  ipot  and  tntaait  ootton  sad  price  of 
OplmmHt  M  tUa  market  each  day  of  the  pact  weak  : 


•  ALM.                                 1 

PBIO». 

Saw 

Good   ,     LOW 

Mm- 

CUMlilcslloa. 

ta»t. 

nmp. 

iiU-s 

>ll. 

Tol«l.| 

OtdTy 

Ord'rr.jMldrg. 

<UlD.  . 

Bftiardat  

m 

a 

Ml 

11  H-I« 

vy 

MoutxT-  ...~. 

>•• 

ifi 

•  •• 

.... 

cn 

11  111-                          1« 

1>K 

ran4*T 

.... 

lA* 

.... 

.... 

1,'U 

u  n  ;■                    -:* 

I4S 

•TsdaaMl*).... 

.... 

W»l 

It 

i.»n 

JIH         _          ,     ..-i 

rbvradAy 

»rj 

*■• 

»a 

UM 

1^3 

i" 

\*)t 

md»T 

tji 

5.W 

« 

.... 

•;« 

UM 

WH 

U 

TOUl „. 

.... 

Mi 

.... 

s.W 

.... 

.... 

.... 

.... 

For  /orward  delivery  tlie  aalea  (iDolading  free  on  board) 

bawe  reached  during  thewaek  I39.4iX}  balea  (all  middling  or  »> 
the  baaii  of  middliat;).  and  the  following  la  a  (tatement  of  the 
aalaa  asd  price* 


yor  8ept«irb«r. 
b*iM.  eu. 

WO lint 

»7« 

i'    ■ 
I. 
W>. 

l.T«0 


\jm".'.'.'.'.'.'.'....vi^ 
iS wt-a 


....  lis 
.u  ivai 


.i»« 

njO)  toul  Sept. 
For  October. 


I.1«D.. 
1,«D  . 

ijg. 

4  JO).. 
>U0.. 

>.m.. 


l.< 


UK 

u  »a 

.It  i*-iJ 

u 

U  l-U 

U  ll« 

MMli 

■■.".!.ii 


eu. 

.  ati*t 
...n  M-K 

..  It  SI-9 
...U  1« 


1«,1M  toKI  XOT. 
tor  OMCBbcr, 

liv 

..uas 

..M  IMI 

.jan-s 

8»-i« 
n-a 

u 

...It  i-n 


ij«.. 

IS: 


ta.'W  tona  Dm. 


)tet.>IOct. 
for  XoTaabar. 


l.t».. 


...U  IS-K 


rer  iimwm- 

•n Bn« 

'"    :-.-.»ia 

...14  iVtf 

...li  tt-a 

'■■."ui'-fi 

..  .U  l-H 

,....ui.n 

1*K 


•« 


balM. 
ioo  . 


eta. 
..KM) 
.....lUi 


n.aw  total  Jan. 
for  yrbrniry. 

23JJ \i  l-U 

1.VJU U  l« 

«.!■' ISM 

vj«u lasia 


3,*XI. 

7<J , 

iMO „ 

i.vjU 


.13  *-!• 

.13  T« 


_      :iia 

wjou  total  r«b. 


POf 

IJOO... 

IJU)  ... 

J.-.1».... 

1.  " 


I»« 

IS  >-u 

...a  ii« 

•"H 

'  ;« 

a 

...It  i:i 


U.TUO  UMal  Muck. 

•o  ...7T.li  iMi 
sow... 

l/uo.... 


::»iai 


1.409. 

MS."-- 


et< 

...U*-IS 
,.1>  IM3 

I !>  IM« 

» Ilk 

i  total  ApriL 


ParM«r 

a> i<ii-i« 

aM u»a 

m'.'.'.'.'.'.'.'vi  £& 
n. t*ik\* 


i»x 

UM  toUl  Utj. 

For  Jaaa. 
M lUX 

IM. 11 

m Mi-a 

>■ It  l-K 

Tw  total  Jaa*. 
Por  Jaly. 

Mm 

MH 

4m  t«ul  Jaly. 
Per  asgaM. 


.MM 


The  follo<rlB2  will  (bow  apot  qaoutloiia  aad  the  eloalog  prteaa 
bid  for  f ataraa  at  the  tereral  datva  named : 

BtBDuae  on.uiD*— AMiBi'jui  abampiOATiea. 


Wkatiibk  Bxfobt*  bt  Tklborapb.— a  Tory  aeyere  atorm  la 
reported  at  QalTaaton  on  Thursday,  and  ••  we  write  we  are  wlth- 
oat  otir  adrieca  from  that  Slate.  The  mow  itorm  would  appear, 
tnm  oar  Shforopon  lalagnm.  to  hay*  laaehed  that  point  thia 
iBonilog,  a*  oor  oMraapoadanl  reporta  aavara  wind  and  a  haary 
rainfall  there  to^lay.  Borne  rain  baa  alao  fallen  tbla  week,  on 
Irom  one  to  three  days,  oyer  the  gnMur  portloo  of  the  other 
eottoa  State*  ;  In  most  easaa,  bowemr,  the  rmlafall  being  s'ight 
and  of  no  pMtioahir  sigaifleaaea.  Cotloa  pldtlag  has,  therefore, 
mttde  farofoklo  iiiutisw.  One  eormpoiidaat,  we  notice,  says 
that  the  coming  election  In  Miaaia.'iippl  it  iDterfering  with  work 
In  s^iM  ae<«iOH  of  that  Bute. 

Ootesatom,  r«iM.  Ottr  Tcxaa  telegruM  hav*  failad  to  eom« 
to  hand  to  ■night. 

Jf«ia  OrUaif,  L»iuiiaaa.—W«  bare  had  warm,  anltry,  wet 
weather  the  pat*  week,  with  •lio<rr>ra  aad  a  high  wind  on  four 
daya.  the  thormomater  areraglng  S^i,  and  the  raialaJl  aggregating 
eighty-two  hnndrsdtha  oi  an  inch. 

6Ar(«9*f<,  Ltmdama. — Tha  weather  doilag  the  week  has  beea 
eool  aad  pl<«aaat  until  yeaterday,  when  there  waa  a  drisiling 
rain,  with  a  rainfall  of  Bve  hundredths  of  an  inch.  I>ast  night  a 
haary  wind  aad  rata  Mona  aet  la,  and  it  lias  rained  this  morning 
two  Inehaa  aad  alsivaa  haadrsdtha  during  eight  hours,  and  irt 
stin  nlaiag  bsawily.  Tha  tb«niiom«l«r  haa  areraged  80,  the 
higheat  baiag  W  aad  the  lowest  08. 

Vi$Ubmrt,Mtmtiitppi.—Te\egt%m  not  raeaNad. 

Ogiiitai>««^^Jf!j(iai<f>pt.— There  were  throe  ralay  days  the  past 
week,  the  rainfall  aggroratlag  one  and  f  fty  hnndredlhs  inches. 
Crop  acconnta  are  lass  fayormhle.  The  tbnnaoaeter  has  averaged 
77,  the  eitiSMSs  bttag  73  and  88. 

LiUU  Rtek,  Arkanm*    The  past  weak,  oatil  to-day,  has  been  | 
warm  aad  sullry  ;  to-day  it  is  cool.    The  thermometer  during  tlip 
week  has  areraged  78,  tba  highest  being  100  and  the  lowest  6'.. 
Total  rsinlall  twenty-eight  han<1re<lths  of  an  Inch. 

JfosMB*.  r«awssi>».— Bain  fell  here  on  one  day  the  past  week 
to  the  exteatol  forty-six  hundredthii  of  aa  iaeh.    Arerage  ther- 
'  daring  the  weak  79,  highest  79  and  lowest  71. 


Jfemphit,  Tenntuee. — The  past  week  up  to  to-day  has  been 
cloudy,  and  there  has  been  a  cold  rain  falliog  all  today,  the  rain, 
fall  reaching  thirtyone  hundredths  of  an  inch.  Cottoa  is  sufiering 
with  the  rot  in  tbe  river  bottoma  and  is  growing  too  fast.  In 
many  plucaa  bolls  are  dropping;  badly,  and  cotton  is  opening  slow- 
ly.   Average  thermometer  72,  highest  81  and  lowest  65. 

Mabila,  AUibama. — There  were  light  showers  on  four  days  of  the 
past  week,  the  rainfall  aggregating  tirenty  eight  handredtb.s  of 
an  inch.  The  remaining  three  days  were  pleaeant.  Picking  the 
past  week  has  been  interfered  with  to  some  extent  throagh  the 
i^xcitement  caused  by  the  election  troubles  in  Mississippi.  The 
thermometer  has  averaged  SO,  the  highest  being  91  and  the  lowest 
71. 

Montgomery,  Alabama.— T\iem  was  rain  on  three  days  the  latter 
part  of  the  past  week,  the  earlier  part   being  clear  iind  pleasant. 
Picking  is  making  good  progress  and  the  crop  is  being  sent  to  mar  > 
ket  freely.    Total  rainfall  lor  tbe  week  one  inch  and  twenty  »ix 
hanlredtha.     Average  thermometer  77,  highest  93  and  lowest  64. 

Stlma,  Alabama. — Thre«  rainy  days  tbe  past  week,  tbe  rainfall 
Twanhing  nineteen  hundredths  of  an  incli,  and  the  thermometer 
averaging  70. 

JtfMiion,  Florida. — There  were  three  rainy  days  the  past  week, 
the  rainfall  reaching  forty. one  hundredths  u'f  an  inch.  The  ther- 
mometer has  avenged  80,  tbe  highest  being  85  and  the  lowest 
75.    Cotton  in  this  section  is  nearly  all  open. 

MaeoH,  Ooorgia. — Rain  fell  here  on  one  day  the  past  week,  'fhe 
thermomster  has  averaged  73,  the  highest  being  86  anl  the  low- 
est 63. 

AikuUa,  Otorgia. — We  had  rain  one  day  the  early  part  of  the 

tek,  a  ahower,  the  latter  part  lieing  clear  and  pleasant,  tbe  rain- 
fall reaching  fifty-three  hundredths  of  an  inch.  I'icking  is  pro- 
gitasing  finely.  The  thermometer  has  averaged  74,  the  highest 
bsiag  00  aad  the  lowest  S3. 

OHumlnu,  O»orgia.—Tben  were  two  rainy  daya  here  the  past 
week,  the  rainftll  reaching  eighty -eight  hundredths  of  an  inch. 
Planters  are  Bending  lh"ir  crop  to  market  freely.  The  ther- 
mometer haa  averaged  79.  the  highest  being  94  and  the  low- 
sat  C4. 

iSasaaoaA,  OMryta.— The  early  part  of  the  past  week  was  clear 
and  pleasant,  but  there  were  three  rainy  days  tbe  latter  part,  the 
raintall  reaching  fifty-two  hundredths  of  an  inch.  Tbe  ther- 
momster has  laaged  between  63  and  80,  averaging  76. 

Auffutta,  Otorgia. — Tb«  first  part  of  tbe  past  week  was  clear 
aad  pleasant,  two  days  of  the  latter  portion  being  sbowcry,  the 
ralnlitll  of  which  wai  eighteen  hundredilis  oi  an  ineli.  There  are 
no  new  developments  with  regard  to  the  crop.  Picking  is  pro- 
gr easing,  and  ootton  la  being  sent  forward  freely.  The  ther- 
otometer  has  averaged  73. 

dkariedon.  South  Carolina — Telegram  not  received. 

The  following  statemeot  we  have  also  received  by  telegraph 
showing  itie  height  ol  the  rivers  at  the  points  named  at  3  o'clock 
tbla  afternoon  (Fridar,  Sept.  17).  We  give  last  year's  figures 
(Friday,  8epL  18, 1874)  for  comparison  : 

^-Septn.'TO-.    jBept.  18, '74.^ 
rwl.       Inch.        Feat.       Incii. 

Mew  Orteasa..  Below  hlch-water  mark 8  0  14  4 

■eo^B AtrnvaSow-wBtct  mark 14  1  3  II 

NaakvtUB.  ...Above low-wBtrr  mark 1  T  I  9 

Shranport.... Above  low-wBter  mark MIsBtng.  1  3 

VtekBbars  ...Above lowwBUr  mack IB  8  0  a 

New  Orleans  reported  below  high-water  mark  of  1871  until 
Sept.  9,  1874,  when  the  zero  of  gauge  was  changed  to  high- water 
mark  of  April  15  and  16.  1874,  which  is  6-lOihs  of  a  foot  above 
1871,  or  16  faet  above  low-water  mark  at  that  point. 

AoKicuLTURAI,  Bdrkau  Bkfobt  vor  Skptkmbbr.— Tbe  Agri- 
ealtural  Burean  at  Washington  reports  tbe  following  as  the 
averages  of  eoadition  o(  the  cotton  crop  on  September  1.  We 
add  the  previoaa  years  for  comparison. 

BURBAU    FOR    BKTTEMBER. 
Stalaa.  1875.  1874.  1813.  I87S.  1871. 

North  Cvollna M  87  05  101  88 

Itoatii  Cerollna 80  85  88  9S  80 

OfonriB n  r,  to  S8  78 

Flortda 7S  TT  88  M  7B 

AUbaaw 87  U  8B  88  M 

MlMtaelppI W  n  88  tt  to 

LalBlaaa 88  M  CO  88  77 

Trot  M  8>  98  »4  80 

Arkaaeaa     .  _. 80  «7  tS  78  IB 

TiiUUWSHL^TSfc.  M  88  M  UK 

The  rvpott  farther  states  aa  follows :  The  droughts  In  July 
Wi>re  succeeded  by  rains  in  Augttst,  too  copious  in  the  MissisHlppi 
Valley,  and  quite  iojurinus  in  heavy  soils  of  tbe  eaatern  belt, 
causing  rust,  shedding  of  leaves  and  fruii,  and  to  some  extent 
rotting  of  lower  bolls.  There  is  a  rank  recent  growth  which  will 
yield  largely  with  a  favorable  and  long  autumn  season,  or  prove  a 
Mas  in  case  of  an  early  killing  frost.  In  some  parts  of  Texas 
droaght  continued  nine  weeks,  but  the  seasonable  rains  since  the 
miduls  of  Aagust  have  placed  tbe  fields  in  high  condition  in  ail 
except  tbe  severely  parched  localities.  The  losses  from  the  prev- 
alence of  insects  will  scarcely  be  a  factor  in  calculating  tbe  prod 
net  of  the  present  year.  A  few  counties  in  Florida  and  lower 
Georgia  report  tbe  caterpillar.  Tbe  boll-worm  Is  more  Duinerous 
in  Ix>wndes,  Miss.,  and  a  tew  other  counties,  and  lice  are  reported 
by  some  correspondents.  In  Covington,  Ala.,  a  new  enemy  is 
r<>]X)rted,  which  is  called  a  "minute  gnat,"  which  lodge  on  leaves 
like  lice,  producing  wide  spread  and  serious  injury.  As  c^.mparcd 
with  September,  1874,  tbe  only  States  now  reporting  lower  condi- 
tion are  South  Carolina,  Ueorgia  and  Florida,  and  in  tbe  Mississippi 
Valley  tbe  improvement  la  very  marked,  particularly  in  Tennessee 
and  Arkansas,  in  which  the  averages  were  ver^  low  in  1874. 


282 


THE   CHRONICLE. 


tSept"mber  18,  1876. 


CoTTOX  Crop  Statkmbnt.— Oar  sUtetnent  of  the  crop  for  the 
past  year  will  l)e  ready  on  Tuesday  of  tlie  coming  week  and  will 
be  Issued  &»  usual  in  circular  form  on  Wedae.'tday  morning.  The 
returns  this  year  will  be  found  very  full,  and,  we  think,  some  of 
the  facts  brouj;ht  out  will  have  a. special  interest. 

Bombay  8KIPMBNT8. — According  to  our  cable  dispatch  received 
to-day,  there  have  been  no  bales  shipped  from  Bombay  to 
Qreat  Britain  the  past  week  and  16,000  bales  to  the  Continent, 
while  the  receipts  at  Bombay  during  the  same  time  liave  been 
2,00 J  bales.  The  movement  since  the  igtof  January  is  as  follows. 
These  are  the  figures  of  W.  Nicol  &  Co.,  of  Bombay,  and  are 
brought  down  to  Thursday, Sept.  16: 

^Shipments  this  week— .  /-Shipments  since  Jan.  1—,  . Receipts — , 

Great       Con-  Great       Con-  This      Since 

Britain,    tlnent.    Total.  Britain,    tinent.    Total.       week.    Jan.  1. 

1875 lti,000         ....       18,(100      BO4,0flO    412,003  1,218.000       2,0ll0   1,23S,000 

1874 6,000         ....        6,000     783,000    882.000  1,150,0«0       1,000  l,il2,000 

1873 8,000  ....        8,000      87li,000    196.000      872.000        8.000      926,000 

From  tlie-foreguiug  it  would  appear  that  compared  with  last 
year  there  is  an  increase  of  10,000  bales  this  year  in  the  week's 
shipments  from  Bombay  to  Europe,  and  that  the  total  movement 
since  January  1  shows  an  increase  in  shipments  of  66,000  bales 
compared  with  the  corresponding  period  of  1874. 

Gdnny  Bags,  BAaaiNo,  Etc. — The  demand  (or  bagging  during 
the  early  part  of  the  past  week  was  only  moderate,  and,  with  a 
few  holders  anxious  to  realize,  prices  declined  to  I3c.  cash,  at 
which  figure  about  1,600  rolls  and  half  rolls  were  disposed  of. 
After  these  lots  were  off  the  market  a  firmer  tone  prevailed  and 
prices  recovered,  and  to-day  18f@13ic.  are  generally  quoted,  with 
a  prospect  of  firmer  prices  should  the  demand  continue  ix"od. 
Sales  are  also  reported  of  1,800  rolls  at  13}c.,  cash,  and  13}@13fo., 
time.  Bales  are  quiet.  India  quoted  at  9f@10c.,  cash.  Borne3,  13}e., 
cash,  a6ked.  Bags  are  dull  and  nominal  at  13c.  for  4403.  Butts 
have  been  in  fair  demand  and  prices  continue  steady  at  3|@3c., 
currency,  with  iair  sales  making. 

Visible  Sdpplt  op  Cotton  as  Madb  op  by  Cable  and  Tklb 
GRAPn. — Below  we  give  our  table  of  visible  supply,  as  made  up 
by  cable  and  telegraph  to-night.  The  continental  stocks  are  tlie 
filfures  of  last  Saturday,  but  the  totals  for  Qreat  Britain  and  the 
afloat  for  the  Continent  are  this  week's  returns,  and  consequently 
brougbt  down  to  Thursday  evening  ;  hence  to  make  the  totals  the 
complete  figures  for  to-night  (Sept.  17).  we  add  the  item  of 
exports  from  the  United  States,  including  in  it  the  exports  of 
Friday  only. 

1875.  1874.  1873. 

Stock  at  Liverpool 751,000  796,030  707,000 

Stock  at  London 74,000  111,000  214,500 


907.000 
170,030 
13,500 
69,250 
25,750 
42,500 
64,250 
23,750 
11,250 
25,000 

465,250 


Total  Great  Britain  stock  825,000 

■Stock  at  Havre 190,000 

Stock  2t  Marseilles 4,SB0 

Btock  at  Barcelona 53,530 

■Stock  at  Humburj; 13,000 

Stock  at  Bremen 31,000 

Stock  at  Amsterdam 55,000 

Stock  at  Rotterdam 9,750 

Stock  at  Antwerp 4,000 

Stock  at  other  continental  ports 9,000 

Total  continental  ports 368,500 

Total  European  stocks 1,19-3,500 

India  cotton  afl  lat  for  E  iirope 375,000 

Americ  m  cotton  afloat  for  Europe   21,000 

Egypt,  Brazil,  .fee,  afloat  for  Europe 2.3,000 

Stock  in  United  States  ports 89,093 

.Stock  in  United  States  interior  ports  ...  10,106 

•United  States  exports  to  day  1,030 

Total  visible  supply bales.  1,712,699           1,911,160           1. 

"Of  the  above,  the  totals  or  American  and  other  descriptions  are 
lows: 

American— 

Liverpool  stuck 374,000              283,000 

Continental  stocks 174,000              2-2o,000 

American  afloat  to  Europe 21,000               21,000 

United  States  stock 89,093              105,877 

United  States  interior  stocks 10,106               21.033 

United  States  ezpoits  co-day 1,000                 1,000 


921,500 
113,250 
13,030 
37,000 
3-2,000 
4-3,!iO0 
97,(C0 
28,250 
26,000 
65,000 

453,600 


1,372,2.50 

1,374.500 

336,000 

276,000 

21,000 

39,0OJ 

54,000 

65,000 

105,877 

6r,C4-! 

21,0)3 

13.533 

1,000 

1,000 

,338,030 
as  fo]- 


233,000 
184,000 
39,000 
67,012 
13,538 
1,300 


Total  American bales.  669,199 

Sa»t  Indian,  Brazil,  <tc.— 

Liverpool  stock 877,000 

London  stock 74,000 

Continental  stocks 194,500 

India  afloat  for  Europe 375,000 

Egypt,  Brazil,  Ac,  afloat  23,000 


Total  Bast  India,  &c. 
Total  American 


1,043,600 
669,199 


657,910 

513,000 
111,000 
239,250 
336,000 
64,000 

1,253,230  . 
657,910 


537,680 

474.000 
214,600 
269,000 
27S,00J 
65,000 

1,300,500 
687,580 


Total  visible  snpply bales.  1,712,699  1.911,160  1,833,080 

Price  .Middling  Uplands.  Liverpool 6  15-16d,  8d.  9d, 

These  fifjures   indicate   a  decrease  .in  the   cotton  in  sight  to- 
night, of   193,461  bales  as  compared  with  Ihe  same  date  of  1874, 
and  a  decrease  of  133,3Sl  bales  as  compared  with  the  correspond 
Ing  date  of  1873. 

.VIOVBMENTS   OP  COTTON   AT  THB  INTERIOR  PORTS. — Below  we 

give  the  movements  of  cotton  at  the  interior  ports — receipts  and 
eltipments  for  the  week,  and  stock  to-night,  and  for  the  corre 
«ponding  week  of  1874: 


^Week  endlnuSept  17,  '76^  ^Week  endine  Sept.  18,  '74.-, 

Receipts.  SliipmeDts.  Stock.  Receipts. Sbfpmeuta. Stock. 

Augusts 2,883           8,111           1,731  1,775           1,636           5,053 

Columbas 910             817             867  779             557              827 

Hacon  985             914             645  1,104             846           2,033 

Montgomery 2,799          2.0O0           1,818  1,933           1,537           1.234 

Selma. a;.369           1,517           l,7i8  1,991           1,600           1,403 

Memphis 575           1,0»1           1,982  3,146           1,817           7,318 

Nashville 350           1,035           1,285  184             216           .3,160 

Total,  old 10,903  9,435  10,106  10,865  8,289  21,033 

Shreveport 942  589  626  549  SnS  658 

Atlanta. 408  480  406  68  170  317 

St.  Lonls 71  81  205  416  753  1,794 

CUncinnati 425  467  515  245  496  5,349 

ToUI,  new.    ..     1,846  1,517  1,752  1,278  1,787  8,116 

Total,all 12,749         10,952         11,858         12,143         10,076         29,149 

rUe  above  totals  stiowthat  the  old  interior  stocks  have  Msreaxedl 
luring  the  week  1,463  bales,  and  are  to-night  10,937  bales  less 
than  at  the  same  period  last  year.  The  receipts  have  been  88 
bales  more  thau  the  game  week  last  year. 

The  exports  ot  cotton  from  New  ifork,  this  week  show  a 
decrease,  as  compared  with  last  week,  the  total  reaching  775 
bales,  against  1,478  bales  last  week.  Below  we  give  our  usual 
table  showing  the  exports  of  cotton  from  New  York,  and  their 
direction  for  each  of  the  last  four  weeks  ;  also  the  total  exports 
and  direction  since  Sept,  1,1875;  and  ia  the  Jast  column  the 
total  for  the  same  period  of  the  orevious  year. 
Export*  otCottonCbalesinrom  Nevr  Vork  alnceSept.!,  1876 


WCBK  KNDIH8 

Total 

to 
date. 

Same 
period 

Aug. 
25. 

Ang. 
31. 

Sept. 

'T 

prev'us 
year. 

2,605 

44 

1,309 

802 

3,045 

6,246 

Other  British  Porta 

Total  to  Ot.  Britain 

2,605 
193 

44 

1,309 

19 
... 

202 

3,045 
19 

8,246 
2,109 

Other  French  ports 

'1  otal  Prench 

198 
490 

200 
499 

19 
150 

573 

19 

iso 

573 

2,109 

Bremen  and  Hanover 

Hamburg  

Total  to  N.  Europe. 

Spain,Oporto&Glbraltar&c 
AJlothers 

Total  Spain,  ^kc 

Orand  Total 

490 

699 

150 

573 

723 

3,293 

743 

1,478 

775 

3,787 

8,855 

Thetollowing  are  the  receipts  ot  cotton  at  New  York.  Boston, 
Philadelphia  and  Baltimore  for  tbe  last  week,  and  since  Sei>t.l,'75: 


ssob'tsfkom- 

KKW  YORK. 

BOSTON. 

PBILADKLP'lA 

BALTIHOBB. 

This 
week. 

Since 
Sept   1. 

This 
week. 

Since 
SepUl. 

This 
week. 

'422 
"22 

Since 
SepUl. 

'422 
■93 

This 
week. 

"4:! 

'il8 

19 

139 

"29 

Since 
Septl. 

New  Orleans.. 

Texas 

Savannah 

Mobile 

Florida 

S'th  Carolina 
S'th  Carolina. 

\rirginia 

Sorth'rn  Ports 
Tennessee,  &c 
foreign 

2,236 
1,7.52 
1,084 

"74 

1,327 

118 

549 

3 

12 

4,078 
3,143 
1,607 

'i-io 

1,565 

134 

720 

31 

12 

'■»7 

"4! 

1.0.^6 

103 

"27 

41 

i.ns 

139 

■43 

295 

19 

194 

"29 

Votal  this  year 

7,183 
9,399 

11,410 
16,610 

1,227 

1,382 

444 

515 

348 

580 

Total  last  year. 

S.870 

5,785 

525 

836 

403 

657 

Shipping  News. — The  exports  ot  cotton  Irom  the  United  States 
the  past  week,  as  per  latest  mail  returns,  have  reached  2,583 
bales.  So  far  as  the  Southern  ports  are  concerned,  these  are  the 
sameexDorts  reported  by  telegraph, and  published  in  TheChboh. 
ICLK  last  Friday,  except  Galveston,  and  the  figures  for  that  port 
are  the  exports  for  two  weeks  back.  With  regard  to  New  York, 
we  include  the  manifests  of  all  vessels  cleared  up  to  Wednesday 
night  of  this  week.  ^otal  bale.. 

Sew  Tork— To  Liverpool,  per  steamer  Ci':.y  of  Brussels,  202 202 

To  Rotterdam,  per  steamer  P.  Caland,  .^73 673 

New  Orleans— To  Liverpool,  per  steamer  Penedo,  1,706 1,706 

Texas— To  Liverpool,  per  steamer  San  -iacinto,  60 60 

10  Taxpan,  Mexico,  per  schooner  Maria,  6 6 

Boston — To  S  t.  John.  N.  B.,  per  schooner  Gy psv,  1 I 

San  Francisco— To  Liverpool,  per  ship  MaryL.  Stone,  34 34 

Total 2,582 

flte  jirticuiarsol  lUese  shipments, arranged  in  our  usual  form 
are  as  follows: 

Liverpool.  Rotterdam.  Tuxpan.    Si.  John.     Total. 

Sew  York 802  573  ....  ....  775 

New  Orleans 1,706  ...  ....  ....  1,706 

Texas 60  ...  6  66 

Hoston ....  ....  1  1 

San  Francisco  34  .  ..  34 

Total 2,002  573  6  1  2,582 

Below  we  give  all  news  received  to  date  of  disasters,  &c.,  to 
vessels  carrying  cotton  from  United  States  ports  : 

Montana,  str.,  (Rr.)  from  New  Tork  for  Liverpool,  which  grounded  on  the  B*.r, 
Sandy  Hook,  Sept.  7,  and  got  off  at  1  A.  M.  8th,  subsequently  grounded 
in  the  North  Channel,  near  bnoy  No.  3,  and  remained  unlil  11:40  A.M. 
of  the  game  day,  when  she  was  assisted  off  and  proceeded  to  sea  at  11:60 
A.  M. 


September  18,  lfc75.] 


THE  CHRONICLE. 


283 


Oottoa  (reiirbu  the  paM  weak  have  baea  aa  lollows : 

. -LlTerpool. .^ — Htrre. — .  , Bremen. .^Hunbarg — 

SteuL  8>U.        Sieun.  >iaU.     StMm.      Sail.    Scaam.    S>U. 

d.  i.  e.       c  e.  «.  c.         e. 

SatordaT OV       ..Sft^      11-16  Xe«"P-  Xcomp.    .. 

MoBday Sw         .As-M       ll-'d  Xoomp.      ..        Xeomp.     .. 

Taaaday Mf       ..&-n       ll-M  MeoBp.      ..        %enmp.    .. 

Wadaeadar    ..K        ..&-N       Il-1«  Jtoomp-  •  ••        Xenap-    •- 

Tharadar..     ..OW        ..O^-M       11-14  X<»mp.      .         Xeomp.    .. 

rrida; OW        ..O^  SI       11-16  >ieomp.      ..        Kcomp.     .. 

LiTKRPOOI..  Sept.  17.— 4  P.  M.— BT  CiLBUI  »bom  Livkr- 
rooL.— The  market  baa  ruled  quiet  to-daj.  8ale«  of  the  day 
■were  lO.OOD  bales,  of  which  2ilC0  bale*  were  for  export  and 
«pecalatioD.  Of  to-day'a  aalea  7.000  bale*  were  American.  The 
waekl7  movemeat  ii  KiTan  aa  lollows  : 

Aox.  t7.        Bapt-t.        Sept.  !0.      S«pL  IT. 

Salaaef  tbaweek balaa.    n.000  Ujm  M.m>  M.«00 

rorwvded i.mt  »JKO  rOOO  1,000 

of  which  axpofieia  took. It,aj0  MOB  ll.OOn  II.1K10 

of  «btchapeealataratook..-..      ».oao  UIO  8/100  8.0i0 

Toul  itock arvooo        mlM        IK.000        m.oov 

or  which  4aai1can «n.uOn  MUH  1*8,000  n4.U0O 

Total  liBsoft  o(  the  weak n.OOO  njm  tUMO  1*.000 

or  which  Amarlcaa B.Ono  MB  lOOi)  S.000 

Actoalcxpon       ..    l«,Mn  l%«i  M,OM  lUOOO 

ABoaa I  afloat Slt.aao  MlOW  S»«,«00  t8S.0r« 

of  whicb  Ameiicaa •  one  \4jm  14.aM>  lt.000 

Tha  rollowiaK  table  will  tltow  the  dalljr  eloatac  prteaa  of  eottoa  fot  th«  week: 
dM.         ■atar.     Mob.         Toaa.     WateM.     Than.  Prl. 

Mld'c  Oataada.  AT  ..AT         ..AT         ..||T        .  tM  l»-t6    ..as  16-1 « 

do    OAaaa^.:  {t^        .  Sl>f      ■  *'K      ■.•Vt      •••T  6-M      ..^  6-U 
fylwm. 
SaTVSDAT.— Oct— Not.  (hlpmaat  from  Bar.  orCkas.,  LowMld.  claaaa,  acw 
crop,  hj  eall.  if  rrqalrad.  TKd. 
Oct  -Not.  tblpmenu  fraai  Saw  Orlnsa,  Low  Mid.  daaaa,  o««  crop,  by 
•all.  If  reoatrad,  6Hd. 
MossiT. — Oct.— Not.  •hlpaaat  tnm  Bar.  or  Cka*.,  Low  Mid.  daoae,  new 
croo,  ixd. 
Hot.— Dae  •blaaaat  tiaai  Bar.  or  Chaa,  Low  Mid.  daaaa.  b«w  oop. 

•Xd. 
Not.— Drc  (hlpBant  fnoi  Bar.  or  Chaa.,  Lew  Mid.  tlaaaa.  aaw  crap, 

by  Mil,  Ifr^alrad,  6Xd. 
Not.— Dec.  thipatat  froB  New  Orleaaa,  Low  Mid.  daaaa.  aew  ctep,  by 
•ell.  ir  raqalrHL  T  l-Ud. 
TraaVAT.- Not.— Dtc  ahlpaaot  from  SaT.  or  Ckia..  t/ow  Mid.  claofe,  new 
crop  by  nil.  If  rtqairad.  •  It  IM. 
Dec— Jan.  •hianaau  boaa  Hew  Orleaaa.  Low  Mid.  claaa%  aaw  crop,  by 

•all.  If  rrqilrrd.  Td. 
5oT  -Ore  dsMTary  Ma  Bot.  or  Chaa.  Low  Mid.  daaaa.  •  lJ-16d. 
Dec.— Jan.  •hipaant  fraai  SaT.  or  Chaa..  I.0V  Mid.  dsaiii,  aaw  crop,  by 

tall.  If  rr^sind.  »%t. 
Oct— Not.  •felpaeet  boa  Bar.  or  Chaa-  Low  Mid.  claaaa,  aew  crop, 

6ISIM 
Not  —Dec.  ihlpowBt  froa  Vew  Orleaaa,  Law  Mid.  daaaa,  aew  oop,  by 
all.  If  rrqairwt,  Td 
WnnnwBaT.— Oca.  4-  Uiwrj  baa  Bar.  or  Chaa,  Lew  Hid.  daaaa,  saw  oop. 
•Hd 
Dae-  Jan.  •Mpataat  fMa  Bar.  or  Chaa,  Lew  Mid.  cliaaa,  aaw  crop,  by 

•aU.irra4alred.6Hd. 
Bapc-OcL  •kipaeoia  rraa  Haw  Orlrana,  Low  Mid.  ri«a««,  aaw^apw  Id. 
NOT.-Dec  aklpaiat  fraa  Bar.  or  cliaa .  Law  Mid.  daaaa,  aaw  crop, 

by  aaii.  if  rifalf«d.flNd. 
B4PI.-OCL  deAi«f7ft*a  Bar  or  Chaa..  Lav  Mid.  dMia,  t  »l«d. 
TaraaiuT  —Oct.— Mar.  doNaary  fraa  Bav.  or  Cba..  Lmr  MM.  daaM.  6  U-16d. 
Not  —  MM.  Aiaaaai  fNa  Bar.  or  Cbaa^,  Low  Mid.  claata,  aaw  crop, 

•  I*l6d. 
J*a.  -  F«h.  eWraMal  fraa  Bar.  or  Cbaa,,  Law  Mid.  rlaasa,  aew  crop, 

by  mil.  If  rrqairrd.  6Kd . 
BrpL  drllTwy  froai  !taT.  nr  Cku..  I»w  Mid.  daaaa,  (Kd. 
Famar.-Jaa.-reb.  ahiBaaal  fraa  BaT.  or  Oto»,  Low  Hid.  daaaa^  aaa 
crop,  by  aiil.  If  rrqairad,  sxd.  bid. 
Da  —Jan.  •klpaanit  rraa  Bar.  or  Ckai.,  Lav  MU.  daaaa,  aaw  crop,  by 

aMi,  ir  re<|air*d,  S^d.  bM 
Oct.-NoT.  Orlirrry  »<«  Bar.  or  CUi  .  Low  HVL  daaaa.  •  U-ltd.  bid. 
EoHoKsti  Curiii  •   JtABCsrs.  — lu  raiorMoa  10  ibaao  laaraeis 
•tit  orrMpoo'lnat  iii  lioadoa.  writiB(  aadar  the  data  of  Sept. 
4,  197.V  .tat.«: 

LarBkrooL.  Sept.  3.— The  followtair  aralha  prieaaof  AiDerieao 
«otl««  eonapAred  with  thoaa  ol  laat  year: 

.-Baae  date  1614.^ 
.-0«d.AMid~.-rr.*aPr.^      O.APta^^     Mid.     Pair.   Ooort. 
•aaldaad.     M         IB  It  W  tl  a  1*  n  (6 

Florida  do      It         It  17  II  «  ..  IT  IB  10 

Ord.      Q.O.     UM.      Mid.     O  M,     Mld.P.   Mid.      U.M    M.r. 
OaUad.....  6  6N         tK        TH         'K         1K        *  1-lt   1 6-16    «\ 

i^la    ...  6  «K        6X         TW         -Xm  IH        tK        t  t-U   IJk 

T.iaa..  ..    a  tn       lb        :n        t%       t*        

X  Orleaaa.  tW        tM        TK         T  T-lt    6  tN         tK        H(        *K 

MM.     M.F.     ?alr.     O.  P.     Ooad.   Flaa.     M.P.     Pair.    Cd 
T  a-M   TU-M8K         OX  TK         t  l-lt    ... 

Caara.  Arl- 
catl,*c.     .  TVIt    T  11-U  »  '«         ..  TK         TK 

r«dka TK         Tt-M  ...         TK         TK 

•aaloa. TK        TK         *  ■■■        TK         t 

BRCADSTUFFa. 

PatDir.  r.  M..  Bepl^bar  IT.  1»6 
Tba  Soar  market  baa  bean  Tory  irivfalar  tba  paat  week. 
FaTorile  braoda  from  old  wh>«t  have  baa*  scarce,  aod  have 
brnofht  very  fall  pricas  In  a  small  waj,  bat  floors  from  new 
wheat,  and  irrrgular  lota  of  all  sorts,  bava baao  neiclreted,  and 
pricaa  bare  dally  ahowa  a  weakabioK  tendeocy,  to  which,  yester- 
day, the  daprseatoa  lo  forel^  markets,  the  dadloe  in  gold  and 
richaaTe,  aod  the  weaRoeaa  In  whrat  largely  eontribated.  Rye 
floor  and  eora  meal  ara  also  lower.  Today  .flonr  ooDtlnaed  du!I 
aad  deprrswd,  bat  rya  floor  and  corn  meal  vera  ateady. 

Tba  vbsat  market  baa  bean  drooping,  from  an  abaeoee  of 
damaad.  The  otreriags  have  been  qaita  limited,  and  for  line  old 
rrda  holders  bare  malalalaed  a  eonaldarabla  show  of  strength, 
with  sataa  of  amber  Wlater  Miehiraa  at  9I  48  In  atore,  No.  1 
Milwaakte  sad  Minneaota  it  $1  W<<il  41  In  store.  No.  3  Spring 
•t  ll  1001  ai  for  Chleag«  Md  Nunii  West,  and  «1  8a®>  85  for 
MilvaallM  asd  Mioassota  afloat.  Bat  soft  No.  3  Chicago  has 
daily  daailaad,    tiil   Uttarly  busioeaa  haa  biMB  dona  at  $1  7^ 


$1  34.  There  haa  been  more  of  a  market  for  new  wheat.  On 
Wednesday,  prime  new  red  Ohio  sold  at  i^\  35,  and  No.  1  white 
Detroit  at  $1  44,  and  yesterday  choice  new  No.  1  Milwaukee  at 
f  1  39  afloat.  It  is  probable  that  a  considurable  portion  of  the 
new  crop  ol  Winter  wheat  is  inferior  in  quality,  but  no  complaint 
is  made  o(  the  qaality  of  the  new  crop  of  Spring  wheat.  Ocean 
freights  hare  continued  low,  bat  exchange  depressed  and  difficult 
to  negotiate.  To^lay,  there  were  sales  of  No.  3  Milwaukee  at 
|1  39,  and  No.  3  Chicago  at  $1  21@1  24. 

There  was  early  in  the  week  a  smart  adranoe  in  Indian  corn, 
the  effect  maioly  of  a  brisk  export  demand  ;  and  the  check  to  the 
decline  in  prices  ioduced  the  local  trade  to  operate  with  more 
freedom.  The  upward  course  of  prices  continued  until  yesterday 
morning,  when  fair  to  prime  new  mixed  sold  at  7n<a78c.,  afloat ; 
prime  old  do.,  77c,  in  store,  and  new  yellow  at  78<a79c.  But  the 
demand  soon  fell  off,  aod  prices  partially  receded.  There  was  a 
frost  in  middle  latitudes  on  Saturday  night  last,  but  it  appears  to 
hare  done  little  injury  to  corn,  as  the  hot,  forcing;  weather  of 
the  prariotis  three  weeas  had  nearly  matured  the  crop.  To-day, 
prices  farther  declined  to  7S@73c.  for  steamer  mixed,  and  75@77c. 
for  sail  mixed. 

There  has  been  some  opening  busicess  in  the  new  crop  of  rye 
at  90@97c  for  Western  and  State,  closing  with  a  slight  upward 
tendency.  Barley  has  been  firm,  with  a  considerable  business  in 
six-rowed  State  for  arriral  at  f  1  35@f  1  30,  the  latter  price  for 
choice,  closing  flat.  The  demand  for  barley  malt  has  been  fair  at 
ft  23<af  1  33,  cash,  for  two  and  four-rowed  State,  and  |1  4S® 
$1  00,  cash,  for  Canadian. 

Oats  haTe  met  with  an  aetire  demand,  and  prime  qualities  hare 
adraneed  Se.  per  bushel,  with  sales  yesterday  of  No.  3  Toledo 
and  Chicago  at  M^^SSc.  Old  oats  hare  latterly  shown  weakness, 
and  sold  at  5Q@87c  for  No.  3  Chicago  in  store  and  afloat.  To-day, 
prime  mixed  receded  to  54c.,  and  25,000  bushels  sold  tor  Oct. 
at  50c 

The  following  are  closing  quotations : 

PUKTB.  I  UBAia. 

!fo.  « •bbi.  |4  ton  4  to  I  Wheat— No.aipring,  bnab.fl  ITO  1  SO 

tapardaa  BUU  A  Waat-  .<l(^«sprli.x 1  tlO  1  » 

era..     »00a646i     Norraprlng 1669  140 

bt>aBUta,*c.._...      6  TOft  6  90  '      Hed  Weatern 

I     Amber  do . 

White 

Com-Wertern  mixed .. 

White  Weatem 

Tellow  Western 

Boathers,  yellow 

Rye 

Oata— Black 

Mixed 

White    

Barley— Watora —  .^ 
Canada  Weat 

Butte 

Paaa— Canada. 

Tba  moremeat   In  breadatnfts  at  thia  market  haa  been  as  fol 
lows  : 

. aaosirTaaT  saw  tobk. — 

. Itlt. .        Binea 

Por  tba  Blaca  Jan. 
weak.  U».  1.  1.  in*. 
Plonr,  bbte.  Ti.6ll  t,4eB,;n6  I.T8tSTI 
C.  aaal, "  .  4,oaB  ti.r4«  141,116 
Wbaat.baa.  ttl.TW  1I.6MJB1  <t,n8.T*B 
Oora.  .  ttr.jtta  i8wTS.it)  II,««13T1 
lye,  M»       106,860      461,108 

Bartay.  **  .     44,»l    1411,166      T88,lt6 
Oali  ...**  .    Itlttt   6L8«l,tM    t,t644a 

The  followinir  tables  show  the  Grain  In  sight  and   the  more- 
meot  of  BrexietuT*  to  the  latast  m*ll  dates  : 
KBCBirra  at  i.a.kb  and  rivbr  ports  for  THK  WBBK  KHDMe 
anr.  11,  18T5,  and  prox  auoubt  1  to  but.  11 

Plnar,     What,        Cora, 
bb*.       bnah.  baah, 

At-  0(8  Iba.)   (tulba^ 

C1iK»<».. t6.8r0      418,800 

Hllwaakaa 14,a«      4t6.ni 

1,188      181.8:4 

»,tn    <i8.eN 

f,TT8»      It.BBO 

t6,T88       16K,1IT 

1.6no         tt  4<W 


Bprlat   Wheat 

axtraa 

do  XX  and  XXX. 

do  wiDtar  wheat  X  aad 

XX 

Ci'.yetuppinc  azt>«a..  .. 
CTiy    trade  and  faally 

brande 

Baatbe<  a  bakers' aad  fa- 

ally  Brands T 

Bostbemahlpp'a axtraa..    6 

Rya  Boar,  ••palaa 6 

Ooraaaal— Wasura.  •«.    8 
Oara  ■<•!— Sr-wtna.  Ac.    4 


....1  loo  iv:h 

.       .     I  160  1  68 


-BxroBT*  raoB  hsw  tobk.- 


-1875. 

Portia     BInce 

week.     Jan.l. 

a6.><l    1.80T.8SS 

1.001       ltl,<ai 

t«tllt8  18,780.110 

888,100    8,87:i.!«T 

.   .  16t.8J3 

110 

M*        18,170 


St. 

Panrla. 

Dalatb 


.».._,. 


Otlba.) 

W.B60 

14,400 

118.188 

1,«8B 

9,»l 

6*.a87 

in,Tio 


Oata, 

baah. 

(8i  Iba ) 

8n,>«9 

6t,tra 

88.884 

86,878 

18,860 

100,4*T 

itt,aeo 


1874. 

Por  the      BlDce 

week.      Jan.l. 

86.IW    1,887,881 

4.016        138,110 

Mi.6T«  tT.4*lJ18 

liMOl  16.88n,ili6 

IT.TIS       SS0,':t3 

ijom 

8.M7        11.908 


Barley,  Rye. 

bnah.  baah. 

(48  Iha.)  (66  Iba.) 

81.618  48,888 


47,618 

l6.«6 
8.  too 
t6.8« 

8,o;o 


9,877 
684 

MO 
11,801 
10,140 


ToUL. 

Pranoaai 

OnrrM|''BB  waak.Tt 

'78. 

•Tl. 

•*         11 

TO. 

Total  Aac.  I  lodau  . 

Haa  »T4. 


T0.7n  1.681.AI8    1.188114       «&.*»  ISl.lRS  84,M4 

78.»«  l.»«1.8«4    l,4ST.0l)t       986,844  1*1.044  I'6.I04 

IOt.484  1.489.(61       881.080       6<1.0(T  178,4«t  86.988 

IW079  LWMtO    1,773.141       846,999  8i»,4M  M,81B 

I13.M8  I.881.IM    l,9t;,l8a       887,961  BRI.WB  68,341 

in  108  f,»B.tH    I,0aB,t6l  1,141980  481,708  168,428 

l*t«l  linOt,*!?      m.Wt       4tl,687  4««.747  46.910 

478.164  8,91\401    7,681,687  4.681.886  4A8.641  448  648 

6«I,S9  ir006,<88    i;4t6,812  4,640.974  8».Sgl  641.618 

Baaa  iiaa  1*7*  '      .'    8M,690  l\80l.8il  11108.978  4,40<,t6B  T4S,«34  400,<9t 

BaaiattiMim::.     :    ualm  l,a)9,486  14.S16,70«  4.071.818  998.868  m,7M 

•KstlBMtad. 

SHrPMSNTB  or  Klour  AND  Grain  from  lake  porta  for   the 

last  foar  weeks,  aod  from  Jan.  1   to  Sept.  11,   inclusire,  for  four 

inoar.  Wheat,        norn,  Oa^a,  Rarlej,  Rye, 

Wasksadad—              Hbia        *>••!>.         hnah  bnah  hnab.  bnab. 

Sept.  It,  re Il\4»8  1.418,8(10    1.878,707       «n8,I0a  87,«M  44.016 

Ba^t.4,>7S IB.0I1  1,*SI.879    1.019.880      Sli.vn  49,7*1  11.886 

Ab«.«.'1S 96.)IH  1,141,114    l.»6t,9«0       6iii."8«  89M0  14.887 

Ana.  81.16 94,7B1       t«l.01»    1,919.778  8«.:il  «S,S«8  «.8M 

Ju.  1  todaa A,88KT88  84,807,988  80,981.148  iO,9B8,047  1.086,841  447,t«i 


284 


THE   CHRONICLE. 


LSeptember  18,  1875. 


Flour.       Wheat.       Corn.      Oats.       Barley.      Rye. 

Bamctlme  1874 3,'J18.M4  42,BU.811  315.815,881  ll.SM.TU  l,419.4ia  a.4IJ5,13t; 

Same  Omo  1813 4,M0,573  Sl.OSi.MT  .15.844,444  15,7 15,180  1  .T»l ,70«     935,1540 

Sarofttlnie  WW 8,723,016  14,"84,0:JS  51,45»,t)(B  13,839,001  1,509,488     796,992 

BBCBIPT8  OF    FLOOR    AND  URAIN    AT  8BAB0ABD   PORTS   FOR  TUK 
WBBK  K»DINQ  SEIT.  11,  1875.  AND  FBOX  JAN.  1  TO  SEPT.  11  : 


Flour. 

At—  bbls. 

NewYork  67,308 

Boeton 87.483 

Portland 1,030 

Montreal 19,170 

Philadelphia 14,780 

Baltimore 19,087 

New  Orleans 13,970 


Wheat, 
biieh. 
601.527 

3,050 

SOS^tiiii 

1114,500 

148,150 

8,991 


Com, 

bnah. 

711,817 

108,806 

84,000 

78,055 

815.800 

867,900 

80,076 


Oats, 
bash. 
205.475 
97,480 
9.800 
4.1T8 
816,800 
88.700 
19,200 


Bariey, 
hush. 

18,880 
4,145 

'soo 

22,000 


Rye, 

bui*h . 

1.700 

'sbb 


Total 173,762 

Previous  week 178,111 

Oor.  week '74 824,5«5 


l,863,8Si 
2,nfi,9S1 
1,485,4110 


1,417.856 
1,.376.455 
51t,S78 


591,088 
639,441 
384,605 


88,785 

6,950 

600 

379,658 

756.S-3 

1,2)6.618 

1,364,258 


2,200 
3.311 
4,8i5 

lo.^oai 

674,129 
776,532 
453,410 


Total  .Tan.  1  to  date. 6.133,200  31.0.50,092  .36,610,183  ll.r8J,8a9 

Same  time  1874 7,179,155  43,8H8,794  40,S53,7I9  13.1.3.5.485 

BamoUmcl8T3  6.091,018  23,771,511  35  809,614  16,153,118 

Same  time  1H78 6,012.848  10,813,141  53,696,256  15,866,877 

The  VisiBLB  SDPPiiT  OF  Grain,  includiDK  the  stocks  in 
grannry  at  tho  principal  points  of  accumulation  at  lake  aiirt 
seaboard  ports,  in  transit  on  the  lakes,  tlie  New  York  canals  and 
by  rail.  Sept.  11, 1875 : 


Wheat, 
bush. 

In  store  at  New  York 1,737,.386 

In  store  at  Albany    13,500 

In  store  at  Buffalo 173,458 

In  store  at  Chicago 526,986 

In  store  at  Milwaukee 417,557 

In  store  at  Duluth 5,910 

In  store  at  Toledo 6.50,325 

In  store  at  Detroit 851,493 

In  store  at  Oswego 100,000 

In  store  at  St.  Louis 397,746 

In  store  at  Peoria 6,623 

In  store  at  Boston 373 

In  store  at  Toronto 83,897 

In  store  at  Montreal 175,560 

In  store  at  Philadelphia 210.000 

In  store  at  Baltimore 88.8% 

Lake  shipments  1,146.598 

Rail  shipments 291,793 

On  New  York  canals 855.000 


Total 

Sep.  4,  1875.... 
Sept   18,  1874. 


.  6,202,109 
. .  6,459,349 
..  7,754,872 


Com, 

bnsh. 

1.139.127 

84,000 

496,704 

1,058,508 

32,878 

532,'670 

9,881 

35,000 

118,676 

244,335 

70,163 

495 

29,261 

820,000 

591,030 

850.891 

525,913 

1,320,000 

7,298.888 
7,694,453 
5,767.478 


Oats. 

bnsh. 

180,803 
46,000 
61,702 

185,706 
16194 

ISlisfiS 
10,764 
10,000 

839,653 
83,811 
85,265 
16.646 
2,981 
65.000 
40,000 

305,535 

597,567 
27,950 

2,120,385 
a,167,6!)5 
1,610,865 


Barley, 
hush. 
1.963 
54,000 
4,081 
61,4.59 
12,788 


3,861 

4,379 
1,046 

2!,582 

b,m 

4,084 
61.309 
27.915 

218,897 
132,204 
818,099 


Rye. 
bush. 

s'.ooo 

78.'82'8 
8,430 

■786 


13,489 

70,469 

488 


1,800 

1,00c 

24,067 

19,918 

2.32.645 

1S7.31S 
86,105 


THE  DRY  GOODS  TRADE. 

Fbidat.  p.  M.,  Sept.  17, 1876. 
The  package  trade  the  past   week   has   continued   sluggish   In 
nearly  all  departments  and  some  uneasiness  has  been   expressed 
by  manufacturers'  agents  and  importers  at  the  protracted   lull  in 
the  demand  for  autumn  goods.     It  is  certain,  however,  that  jobbers 
in  the  interior  have   not   yet   distributed   their   early  purchases 
owing  to  the  prevalence  of  mild  weather,  and  until  this  has  been 
done,  a  really  active  movement  cannot   be  reasonably  expected. 
The  jobbing  trade  has  been  fairly  active  and  an  important  aggre- 
gate amount  of  goods  was  placed  in  the  channels  of  distribution 
during  the  week  by  the  leading  houses.     Nearly  1,000  packages 
domestics  and  domestic  shawls  appeared  in  the  auction  rooms  and 
were  readily  sold,  but  at  prices  which  barely  justified  the  experi- 
ment, besides  having  a  tendency  to  unsettle  the  market.   Towards 
the  close  of  the  week   the   print   market  became   excited   by  the 
action  of  certain  Chicajzo  jobbers — subsequently  followed  by  their 
New  York  competitors — in  reducing  prices  below  those  of  manu- 
facturers' agents,  when  several  prominent  Western  buyers  at  once 
cancelled  their  outstanding  orders  for  prints  and  the  market  for 
prints  and  cotton  goods  closed  in  a  somewhat  feverish  conditioa. 

Domestic   Cotton  Goods. — The  package  demand   has  been 
irregular,  and  apart  from  cotton  flannels  and  cheviots  which  have 
been  active,  the  movement  from   first   hands   has  been  slow  and 
disappointing  to  holders.     Jobbers   experienced   a  steady  inquiry 
for  all  Staple  fabrics,  and  their  sales  were  on   the  whole  satisfac- 
tory in  amount,  but  not  very  profitable  as  cutting  in  prices  was 
extensively  practiced.    Prices  of  brown  and  bleached  goods  have 
been  weak  with  a  drooping  tendency,  and   some  additional  makes 
were  reduced  from   ic.    to   Ic.   per  yard,    including  Davol  4-4 
bleached  shirtings,  which  were  closed  out  at  the  low  figure  of 
12ic.-    Cotton  flannels  of  all  grades  were  in  unabated  request, 
and  changed  hands  to  a  liberal  amount,  and  closed  firm  in   price. 
Tickings  and  denims  ruled  dull  in  agents'   hands,  but  hickory 
stripes  were  in  better  demand   by  the   Southern   trade.     Cheviots 
continued  active  and   are   closely  sold  up   in   first  hands.     Corset 
jeans  and  satteens  were  in  fair   request  in   a  hand-to-mouth  way, 
and  are  only  in  moderate  supply.    Grain  bags  have   been  rather 
more  active  since  their  reduction  in  price  and  their  production  has 
been  lessened  by  closing  the  Montaup  mills.    Warps  and  yams 
moved   slowly  but   the  demand   for  domestic   cotton  twines   was 
quite  active.    Prints  were   in   steady  but  moderate   demand,  and 
ginghams  continued  active  and  in  short  supply.     Print  cloths 
were  dull  and  easier,  closing  at  5Jc.  asked  for  extra  standard  64s, 
although  some  tiansactionB  were  reported  at  a  shade  less. 


Domestic  Woolen  Uoodb. — There  has  been  a  dull,  dragging 
movement  in   men's    wear    woolens,   and    selections    have    been 
chiefly  restricted  to  small  lots  of  the  newest  styles  which  were 
taken   by  jobbers   for  the  renewal  of  assortments.     The  early 
clothing  trade  have  placed   a  few  orders  for  the  future  delivery 
of  spring  weiglit  worsted  coatings,  but  such  cases  have   been 
exceptional,  and  few  of   the  agents  are  yet   prepared   to   show 
samples.     Cagsi meres  have  been  very  quiet,  and  prices  of  heavy 
weights  were  in  a  measure  nomiDal,     Overcoatings  moved  slowly  • 
and  in  small  quantities,  and  there  was   little  animation  in  either 
cloths  or  doeskins.     Kentucky  jeans  and  satinets  were  in  limited 
request  at  former  prices,  and  repellents  and  cloakings  have  been 
in   fair   demand  at   irregular  rates.     Flannels  were  fairly  active, 
although  selections  were  individually  small,  and  blankets  ruled 
rather  quiet.     Worsted  dress  goods  continued  in  steady,  although 
diminished  demand,  and   stocks  in  first  hands  are  comparatively 
light ;  350  cases  striped  cotton  and  worsted  shawls  of  the  manu- 
facture of  C.  J.  McCape  were  sold  at  auction  at  low  figures,  and 
sales   from   agents'   hands   were   moderate.      Hosiery   and    knit 
woolen  goods  were  quiet. 

Foreign  Dry  Goods. — There  has  been  a  moderate  movement 
in  staple  foreign  goods  and  dress  fabrics  from  importers'  hands, 
and  jobbing  sales  were  fairly  satisfactory.  Large  lines  of  dress 
goods,  silks,  shawls,  linens,  ribbons,  and  millinery  goods  were 
sold  through  the  medium  of  the  auction  rooms  and  realized  fair 
prices  on  tlie  average.  Black  cashmeres,  drap  d'ete  and  pure 
mohairs  continued  active  and  firm,  and  there  was  a  fair  inquiry  for 
plaid  drees  fabrics,  cashmeres,  merino,  damels'  hair  cloths^ 
de  beges,  &c.  Black  and  colored  silks  cbanged  hands  in  moderate 
amounts  and  silk  velvets  became  more  active.  Veil  bareges  were 
in  brisk  request.  Shirting  linens  and  handkerchiefs  ruled  quiet, 
but  damasks,  towels,  loom-dice,  napkins,  &c.,  were  in  steady 
demand.  Riblrons  were  less  active,  but  crapes  met  with  liberal 
sales.  Woolen  goods  for  men's  wear  continued  dull  and  de- 
pressed in  first  hands  and  were  not  active  with  jobbers. 

The  importations  ot  dry  goods  at  this  port  for  the  week  ending 
Sapt.  16,  1875,  and  the  corresponding  weeks  of  1874  and  1873 
have  been  as  follows  : 


KHTBBBD  FOB  OONSnKrTtON  FOB  TH8    WKES   ■NDIN8    SEPTSXBBB  16,  1875: 


. 1873 . 

Pkgs.    Value. 

Hanofacturesof  wool...  1.888  {8.39,101 
do  cotton..  1,197       377,295 

do  silk 839       646,810 

do  flax ],.321        186,318 

Mlecellaneons  dry  goods.  443       171,186 


Pkgs.  Value. 

l.asa  t55I,081 

1,018  297,434 

794  591,431 

946  200,956 

447  168,175 


. 1875 . 

Pkir«.  Value. 

1,475  t616,184 

1,131  818.836 

703  564,451 

607  143,875 

494  160.859 


4,422  $1,809,017       4,410  $1,798,205 


Total 5,638  $8,819,970 

WITHDBAWN  FBOM  WARBHOasI  AST)  THKOWN  INTO  THE  JIAHKKT  DUBlNe  THB 
SAME  PSBIOD: 


Manufactures  of  wool .... 

do  cotton.. 

do  sUk 

do  flax 

Miscellaneous  dry  goods. 


1,456 

574 

275 

1.062 

2,608 


$661,027 
174,011 
899,400 
809,866 
81,411 


334 
158 
457 
809 

3,379 
4,438 


Total 5,975  $1,435,715 

Addent'dforconsnmpt'n    5,688    8,219,970  

rotal  thrown  upon  m'k'l.  'l^  $3,615,685      6,801  $8,748,652      6,083  *3.4C9,550 


$533,016 

107,331 

150.006 

121,009 

32,873 

$933,335 
1,809,017 


740 
274 
128 
404 
78 

1,613 
4,410 


$306,314 

80,434 

127,079 

74,707 

22,811 

$611,345 
1,793,205 


■NTBBED  FOB  WABKHOUSIKO  DDRING  SAMI  PBBIOn: 


Jiannfactures  of  wool ...  740 

do                cotton . .  218 

do                silk 128 

do                 flax...  345 

Miaceilaneoue  dry  goods.  135 


$388,398 
75,466 
99,598 
90,644  • 
37,070 

$625,176 
8,219,970 


781 
284 
104 
546 

45 

1,700 
4,488 


$896,668 

66.461 

121,894 

103,968 

34,886 

$622,271 
1,809,017 


447 
231 

88 
314 

94 

l,l59 
■  4.410 


$179,194 

60,667 

107,011 

72,718 

15,288 

$434,878 
1,798.205 


Total  1,560 

Artilent'dforconsnmpt  n  5,688  

roUl  entered  a^  the  port.  7^  $2^45.146      6,138  $2,431,888      5,569  $8,833,077 

We  annex  prices  ol  a  few  articles  ot  domestic  manufacture  : 

Cotton  Sail  Dack. 


Woodberry    and    Druid 
Mills  and  Fleetwing. 

No.0 40 

No,l 88 

No.2 36 

No.8    34 

No,4 32 

No.6 80 

No.6  88 

No.7 26 


American 26  00 

Amoskeag 26  00 

Excelsior 28  00 

Lewlston 87  00 

Franklinville..  28  00 

Montaup 27  00 


Dirlgo 18 

H.S 9 

Irving 16 

Granger 2:3 


No.  8.. 
No.  9-. 
No.  10.. 


25 
84 


Light  duck- 
Bear  (8  oz.)89  in., 
do  heavy  (9oz.). .. 
Mont. Ravens  a9in. 
do  40in. 


17 


Ontario  and  Woodberiy 
USA  Standard  23X  in. 


do 
do 
do 
do 
do 


8oz. 

9oz. 
10  oz. 
12  oz. 

15  oz. 


Ontario  Twl8,291n. 

do  36in. 

Bitwls-Polhem's" 


20 
22 
24 
89 
36 
81 
33 
1» 


Bags. 

Ontario  A 80  00 

do     B 35  00 

do      C 40  00 

PowhattanA.  87  00 

do         B..  35  00 

do         C.  40  00 

Cotton  BattB. 

I  Hanover 10 

I  Logan...  .     18 

I  Jackson 80 

l.Honeatlnjun 13J^ 

Cotton  Yarn*. 


StarkA 28  00 

do    C  3  bush  34  00 

do     8J<  bush  31  00 

PhilaA 30  00 

do   B  36  90 

do  C 4U  00 


I  Rock  Island 15 

I  Russian 19 

Standard 12 

Wyoming 13 


EmpresaO  to  18... 
'  Pmudeton   do-    .. 


I  Sargeant    6  to  12. 
I  Fontenoy     do     . 


24 
34 


I  IXL  6  to  18. 
I XXX    do     .. 


September   18,  lb*  5  J 


THE   CHEONICLE. 


285 


tiBNBRAL 

PUICKS  CUHttENT. 


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roack yi  •  SO 

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rtr«.«ny - II  i  34 

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Qrad*.  labala .«(•  IK 

Oaaa*.... -....~ JI  *  19 

SSa4.««aadard«felt* ir,„,wL.^H»  II 

nwnstoii*- 

Pm*  b««  bmm.... «  bbl.  a  V  a  II  a 

Kirb.axtrapnB* "      IS  a  •  1*  « 

PMk.prlB*BM** "       I*M  SlfW 

Kl.blalaaMI '        IH  •lOOn 

f3,'&n»a«.. ;;    aa  {iioo 

Lar.'.bity.BMaa WK*  »X 

Bfrc 

C*roliaa,tatrle*aoiM 7W4        IK 

LoMMh*.  (air  te  prlBM JHm       • 

lter!!!*.!!'.*::::.:.::v.-.::^!*:  "?•'!). 

T«rkiI«iaBd - a    •       a 

Bf.  Martin*! .%  f    .* 

U«*raeei,*arMa**ona.....|i*aak.   la  #  la 

BAI-TPmUt-                                    _^  _  ,.^ 

Btlntd.yan - .»»  ....•  »H 

Crad* » r>l«  JK*  •  — 

mirautod* •■>■•  IN*  >B 

Ciorar,  W<a«*T» »•?  V  .2   5  '"< 

TIawtbT »ba»h.  la  •  y 

Ranp.rorrlCB }2   f  '* 

piaz.roacb Iff*  ••*- 

UMMdiStlaattaVMbBeldfttaM).  I  OO  «  -  •. 


Tt*tlee,No*.lto4 Vb  5  PO   •  6  15 

Ttallee.  r«-raeled *  S><2  5  S** 

Tay»aam.Noe.l*a 4  SO   •  B  00 

Canton,  re-reeled  No.  ICotngoan..  4  IS  *  8  00 


SPSLTBR— 

Foreign 

Domeatlc... 


. '.00. b. gold.    7  nn»   7  SIK 
cur.   7  10   •   7» 


SPICKS— 
Pepper,  BbUtU. gold 

do        Stnaapore 

do        whit* 

Uaula,  ChlnaUgnca 

do       Batavla 

Ginger  Atrloan 

do     Calcntta 

Mace  

NutuieKt,BataTlaaad  Penang 

Pimento,  Jamale* ... 

Closet 

do    iteinB 

8PIRIT8- 

Brtndy,  focelCB  brand! f  gar. 

Kam->lain..4th  proof " 

St.  Crolx.ld  proof " 

OIn '• 

DometUe  Honor*— Caata . 

A  Icohol  (90  per  ot)  C.  *  W cur. 

WhUkey " 

STKKl^ 
Bnt;ll>h,ca*t,*dAllt  quality  V  HKOld 
EnKllih.iprlng.U  A  lit  quality..  " 
KniiIlihbtllter.ldAlatciuallly..  " 

Enifilsh  mteklnerT " 

BnglUh  German,  «1  *  Itt  qoallty  " 

American  blltter cnr. 

American  oaat.  Tool 

American  eattapring 

Amarlean  maahtnery 

American  beRnar  !prlng 

8UGAB- 
Ouba.lnl.torom.rear'nc 

do    ralrtonoodreSnlng 

do   prime,  refining ».... 

do  lalrtocood  grocery 

do  pr.  to  choice  grocery 

do   sentr.hhdi.A  bx!,  Noa.  B«13 

Molaaaei,  uid*  *  bxa 

Melado 

HaT'a,Box,0.  8.  No*.70l 

do         do         do   10*li 

do         do         do    mil 

do         do         do    I9«ll 

do         do         do    lf»l« 

do         do  white .. 

Porto  Klco, refining, com.  to  prime, 
do        groearT,;alr  to  choice.. 

Braill.bagt.D.  S.HO*.  Mil 

Jara,  do7D.8,  I(o*.10SM 

ManUa , ■ 

N.  C  rallBeid  to  groeery  gradea..... 
ArCiMd— Hard,  cmtbed Vb 

Bard,  nowdere:: 

do     cranaiateu 

do     ent  loat 

Boftvhlie,  A.itaaoara  oeniru... 
do      du      oif  A 

WhIU  extra  C  

Tellow      do      

Other  Yellow 

TALLOW- 

Prlmaetty,  V  b 

Waatam,**  

TKA- 

Uytoo.Commoa  to  talr cnr. 

do     Superior  to  fltia 

do     Bxtrafine  tofinett 

do     Cbolcett 

roonc  Hyaon.Coa.to  fair 

do         Bnper.to  flna 

do      Bx.Bneto  finett 

de      Cbolceat y. 

Banpowder, com  to  fair I.. 

do  Bap.  to  fin* 

do   Bx.lne  to  fineat 

de  Cboleaat 

Imperial, Com.  to  fair 

I.O       Bap.  to  fin* 

do        KxirallnatefiBaal 

Hyton  Skin.  ATwan..  com.  to  fair. 

do         do      Bnp.to  fin* 

do         do      kx.fineiofinott,.  ... 
OocolorodJapan.Com.to  lair.... 

do         Sop'rtoflnp 

de         Bx.fine  toflnaat 

Oi^nc,  Common  to  talrMw 

^Wd     Bnparler  toflna 

n     BxAaatoBnett 

do     Cbolceat 

Beae.*OoBc..Com.  to  fair 

do  Snp'rtofln* 

do         ■x.fln*loflB**t 


II  a 
24  a 

38    • 

u 
II 

10 

1  10 
I  00 

11  • 

40    • 
IC    • 


I  is" 

1(B 

«■■ 
u 


. gold. . 

I  a  •  15  00 

in  •  7  00 

S  45  •    3  65 

300  •    3  2S 

>  30  •    )  3!X 

1  IS  •        .... 


10K» 
10H« 


»\» 


UM 


UN 
lOK 


*K«       tow 


a  •     a 
a  •     41 

4.1  •     ni 

IS    •       IS 

a  •  a 

a  •  a 

m  m  to 

M  a  1 10 

a  •  n 

4]    •       SI 

a  •     a 

lU)  i  la 

a  •     a 

a  •  « 
Ban 
»  •  M 
»  •  M 
Nominal. 


31 
41 

a 
it 

a 

H 

•s  a 
n  a 
a  a 
a  a 


43 

S4 
71 

to 

51 

M 
U 

H 


nanca gold. 

•traitt •■ 

Itnglllh " 

Platei.I.C.eharcoa) 

PlatM.cbar.tara* " 

TOBACCO- 

Kentscky  ln(!,  heary 

leaf.     "     ., 

Bead  leaf— Coaaeatleai  wrapparfa 
•■  Conn.*  Maai.  Allen.  *73 

P*nn(ylT*ala  wrapper*.  *n 

Harana,  com.  to  line 

Manafac'd,  la  bead,  black  work 

'•  ■•    brigbt  work 


a  • 

I*   C  ■•.. 

liy* 

1M    a  8M 

inna  i» 

iixa  90 

JO  a  4.1 

7    «  8 

18  a  a 

so  a  1  a 

"  *  K 

39   a  M 


wool.— 

Americas  XX „ Wb 

Amerlcaa,  Hoa.  1  4k  I 

Amartcan.Comblng 

Kitra,P«n*d 

No  1,  Palled 

Callfornla.Sprillg  Clip— 

bnperlor,  nnwaahed 

Medlam 

Ooaru 

Sootb  Am.' Marino  nnVatbed'.'.'.'.. 

Cape  eood  Hope,  nnwaahed 

Texai.fine 

Tex  at,  medlam  — 
Smyrna. unwaabed 

81HC- 
Sh»et 


43  a 

M  a 
a  a 

si 


■."■.ireid. 


a 

a 
■a 
1* 

a 
a 
a 
a 
II 


48 
H 

a 

M 

n 


a 
a 
a 
n 
a 

M 

w 

33 


,»b. gold,  not  .     IXa      • 


FBKIOHTS— 

To  LiTBBFOOt.: 

Cotton •  b. 

Floar S?*'. 

U**Ty(Oodi.  .Vton. 

Corn'.biki'bii.'l'  lli'. 
Wbett, balk*  bag!.. 

^i-v.v.,v.v.5lsr.- 


—  *TBiB.— 

I.  d.  •.  It. 

....a  M 

10  a... 

116  «wo 

40  0  a.... 

\l  8;::: 


*.  d, 

li-: 

111  a 
HO  a 
•xu 
»%• 
40  a 
10  S 


i-n 


SI 


286 


THE  CHRONICLR 


[September  18   1876. 


Commercial  Oards. 


GUNPOWDER 
Duponl's 

SPOETING>  SHIPPING  AND  MINING 

POWDER. 

PUPONT'S  GUNPOWDER  MILLS 

(ESTABliISHEn     IN     1801  ) 

Have  maintained  their  great  rcpntation  for 75  yean. 
MaiiuraC'Ure  llie 

Celebrated    EAOLE    DVCKINO, 

EA«L,F.    RIFI^E.    and 
DIAmOWU    CiRAli^     I>0\V1>ER. 

The  moat  Popniar  Powder  in  Use.    Also, 

SFOBiING,  MINING,  sniFPING  AND  BLAST- 
ING POWDBK, 

Of  all  kinds  ami  descriptions. 
For  sale  in  all  parts  of  the  country.    Represented 

Dy 

F.  L.  Kneeland, 

70  Wall  street,  NHW  YORK 

B.   G.  Arnold  &  Co., 

lis    FRONT    STREET, 

IMPORTERS    AND     DEALERS 


COFFEKS    AIVD     TEAS, 


Commercial  Cards. 


Smith,  Baker  &  Co., 

^JOMITIISSION     jTIBROHANT' 

Vokoliama  nnd  Hlogo,    Japan, 

HKPKKSKNTKD  HT 

E.     W.     OORK.IR.S, 

H»X     Pine    Street,     New     York. 


JEWELL,HARRISON 
&    COMPANY. 

P1TRE     LARD    PACKED     FOR 

ALL.    CLimATES. 

PBOVi-lON    DEALER!"   AND    MANUFACTURER 

Of  LAUD  OIL  A    D  BTEAUINK. 

ESTABLISHED  1841.  NEW  YORK. 


F.  LB.  Mayhew  &  Co., 

140    Front   .Mreet, 

HANUFACTUBERS  OP 

OII.S— SPERM,  WHALE,  ELEPHANT  &  LARD. 

CANDLtS— SPERM,  PATENT  SPERM,  PAR- 

AFFINE,  ADAMANTINE,  HOTEL  AND 

RAILROAD. 

For  Export  and  Home  nse. 

PAKAFFINB  OILS,  WAX  AND  BEESWAX. 

Brinckerhoif,   Turner 
&    Co., 

Manufacturers  and  Dealers  n 

COTTONS'\ILDUCK 

And  all  kinds  of 

COTTON  CANVAS,  FKLTING  DUCK,  CAR  COVES 

INO.  BAGGING.  HAVENS  DUCK,  SAIL  TWINES 

4C     "  ONTARIO"  SEAMLESS   BAGS, 

"AWNING  STUIPKS." 

Also,  AKentB 

flnlted   states  Bnntinc  Company. 

A  fnll  supply  rtll  Widths  and  Colors  always  in  stocli 
No.  109    Diiane    Street. 


John  Dwight  &  C(  ., 

MANUFACTURERS  OF 
t>>i;PFK-CARBO:V^TE 

OF 

SODA. 

No.  II  Old  Slip,  New  York. 

The  joooinK  Trade  ONLY  Supplied 

OLYPHA^T     &    Co., 

COMMISSION    MERCHANTS, 

llonK   Kona,   SliaiiKlial,    Foocliow    A 
Canton,  China 

RlPRKSENTBD    BT 

OtYPHANT  *  Co.,  of  China, 

l<)4   Wall  St.,  New  York. 

Wm  Pickhardt&Kuttroft 

IJVIPORTBICS 

AND 

rOiniWISSION     fflERCHANTS 

IN 

CHEMICALS,    COIiORS,  DYESTUPFS, 

&c  ,  &c.,  &c., 

No.  23  I'edar  Street,  New  York. 

Itrancb  Ofilces  In  Plijladalphia  and  Boston. 

WM.  PICKHAKDT,      1  r.eneral  Partner. 

RADISCHE  AN1I.IN   &  SODA    (•ABRIK 

Sneclal  Partner 


Financial. 


Fioanc>al. 


Albert  H.  Nicolay  &  Co. 

stock  Auctioneers  and  Brokers, 

No.  43  PINE  STREET,  NEW  YORK. 

tr  UEGHLAR   AUCTION  SALES 
OF 

{STOCKS    AND     BOIVDS, 

Every  Monday  and  Thuraday,  or 
Spvoul  6als8  Mads  on  ali.  othkb  Oatr, 
UPON  ONE    DAY'S   NOTICE   WHEN    REQUIrtKD 
Onr  Established  Custom  23    ITears^ 
tar*  stocks  and  Bonds  bought  and  sold  at  the  New 
York  Stock  Exchange  and  at  private  sale  on  commla 
slon. 

tV  Securities  not  dealt  In  at  the  Stock  Boards 
specialty  with  this  house  for  many  years. 

j:^"  Flrst-clas-*  Municipal  Bonds  Kallroad  Bond? 
and  other  Incorporated  loans  neg  >tlated  on  liberal 
terms. 


L  A  C  II  I  ]V  E 

Ca  ^  AL     Enlarxjrmbnt. 

NOTICE    TO   CONTRACTORS. 

Sealed  Tenders  sddressed  to  the  Sccre'ary  of  PnbUc 
Works,  and  eadorscd  "Tender  for  ihe  Lachln<% 
Canal,"  will  be  rccttved  at  this  office  uutU  the  arrival 
of  the  Ka^tf^rn  and  Wes.tru  mails  on  i  >  uariDAT  the 
Sixteenth  day  of  September  next,  lor  tt.e  en}ar>;e- 
nn-ai  of  this  caual,  couMigimK  ot  the  widening  and 
deepening  of  ih'.  tliai  nel  ftom  near  the  i.e.w  basin  east 
of  VVelUiigton  Street  bridge  upwards  to  the  rive-  ^t. 
Lawrence  at  L'icliinp,  yiiibiacliig  the  construcHun  of 
newlutks  at  St  GaDiI-*!  and  Cote  ^t.  P 'Ul.  aUo  the 
taking  down  and  rcltuilding  ttie  u|ip»r  portions  uf  t  e 
pn-sent  locks  at  these  |.lice»:  buUdliig  regulating 
weirs,  culverts.  brlil.;e  rier*. ;  the  conwirucilon  of  u 
new  entrance  lock  at,  Lachlne  ai  d  the  formation  of  a 
channel  and  basin  ou  thu  fcou.h  or  rivei  side  of  the 
exlstlnir  entrsnce. 

Ihe  worlcB  Will  be  let  in  sections  of  the  respective 
leneths  Indicated  on  a  map  of  the  line,  which,  together 
wl  n  plans  and  speclflcailons  of  tne  Tailous  works, 
can  be  seeci  at  thi«  ollice,  aiid  at  the  Lachlne  Canal 
Offl  e,  Montreal,  on  and  after  Fbiday.(A«  Third  day 
of  September  next, -Ai  eitiier  of  which  places  printed 
forms  uf  Tenuer  tan  be  obtained. 

Coutractors  are  r^  queried  to  be  r  In  mind  that 
Tenders  will  not  be  cunfiidcreu  unb-ss  niade  «trictly  In 
accoi  dance  with  the  pitmed  forms,  and— in  the  case  of 
flrm=— exCfpt  there  are  ai  t  a'hed  Ihe  actual  Kignatures, 
the  nature  of  'he  occupation  and  pImcc  of  residence 
ol  e  .ch  member  of  the  same  ;  and  further,  an  accented 
bank  cheque,  or  other  iivailHhle  seru  liy,  for  the  sum 
of  froui  one  to  tf.ree  thousand  dollars,  according  to 
the  eiieiit  of  work,  on  ihu  tectlons.  inu  t  accompany 
each  Tender,  which  shall  be  forfeited  if  the  party 
tendering  oeclliitB  or  falls  to  enter  Into  contract  for 
the  works,  when  called  upon  to  do  no,  at  the  rates 
Slated  In  the  ttttt-r  Hu'juiitted. 

The  ainouTtt  req'Jlied  In  each  cai^e  will  be  stated  on 
the  furm  of  Tender. 

The  '  hequfi  i>r  money  thus  sent  In,  win  be  returned 
to  the  respective  parties  whose  Tenders  are  not 
a^^cented 

Kor  the  due  fulfilment  of  the  contract,  satisfactory 
security  will  be  requited  on  real  estate,  or  by  depo>it 
of  money,  public  or  municipal  securities,  or  baik 
stocks,  to  thu  amount  oi  five  percent  on  the  bulk  sum 
of  the  contract,  of  which  ihe  sum  sent  In  with  >he 
Tender  will  be  coiieiiiercd  a  part. 

Mnety  per  cent  only  of  the  progress  estimates  will 
be  paid  uni  1  the  completion  of  ti  e  wuks. 

lo  each  Tender  a. u-^t  be  mtached  the  actual  Flgna- 
ture>*  of  I  wo  re.sponsible  and  solv.njt  persona,  residents 
tf  the  Domluiou,  wUlliii;  to  h^-corae  miretiea  for  the 
carrying  out  of  these  conditions,  as  weil  as  the  due 
perforuiance  of  workR  embraced  in  ihecontacl. 

This  Department  doea  not,  however,  bludkself  to 
accept  the  lowest  or  any  Tender. 
By  order, 

F.  BRA.TTN.  SecreUry. 

J>KPARTMICNT  OF   PUBLIC  WORKS. 

Ottawa.  9ih  August,  1875. 


E.R.Mudge,Sawyer&Co 

A  O  K  N  T  S     FOR 
Xl^aafainsrton  nillx, 

Biirliiistou  Woolen  Co., 
Clilcopee  .11  fg  Co., 

EllertOM  New  inilU, 

saraioga    Victory  Klfg  Co. 

NEW  YORK.  BOSTON. 

43  &  15  WniTJ!  Stb«kt.  ISCBAUMoaT  St. 

PHILADELPHIA, 

J.  W.  DATTON,  W)  CHSBTxnT  STBaiT. 


HilmersjMcGowan&Co 

BROKKUS    IN 

FOREIGN  EXCHANGE    AND   (;OI.D 

64   W^all  Street,  New    Vork. 

(P.  O.  BOX  ■.1,94;) 
Special  attention  paid  to  tbe  negotiation  of  Com. 
uierp.lal  bills. 

MEN  AND  IDIOMS  OF  WALL  STREET 

Is  a  new 'R  paffe  book  giving  the  highest  and  lowest 
prunes  of  sloi  k8  fur  layears,  comp.ete  list  of  (lefaultt'd 
iHllr.ads,  Hla.k  Friday,  skoldies  if  Icuilli  g  oi^ra- 
tois,  and  the  melhoii  of  dealldg  on  small  *unn  of 
money.  Cc pies  eont  free  to  any  address.  Oiaeri*  for 
stocks  rth'l  ^t0"k  privileges  executed  by  mall  and  tele- 
graph, collections  made,  money  inresLed,  and  infor- 
mation given  by 

JOHN    HICKUI/^O    ac    CO., 

Bankers  and  Brokers,  72   BROADWAY,    N.  T. 


Tumbridge  &  Co., 

BANKERS  AND  BliORERS. 
2  Wall  Street,  Nevr  York, 
Buy  and  Sell  Stocks  on  Margins  or  for  Cash 
PUTS  and  CALLS  ne^tlnied  at  the  lowest 
market  rates;  $50  for  SO  shnrcni,  $100  ior 
100  »h»reii.  Thirtv-twoienreexnlurf  loryparo- 
phlet  mailed  on  application 


I^  A  C  H  I  IV  E 

Canal    ENLARGEMENr. 

NOTICE  TO    CONTRACTORS. 

The  letting  of  the  works  for  ihe  enlargement  0'  the 
Laehme  C*iial,  aivertised  to  take  place  ou  the 
SIXTiiKNTH  day  of  SK  TKMBEKnexMs  unavoida- 
bly postponed  t"  ih«  following  dates  : 

Tende'BwlH  be  received  uulll  WKDNBSDAT,  the 
TWKNTV-NlNIH  day  of  SKP  I'lMBKll  next 

'Ihe  plans  and  sp  clttcatlons  will  be  ready  for  ex- 
amination (ai  tiie  places  pieviou-ly   [•  enttoned)    on 
Thurbday,  the  Slxleealh  day  of  September  next, 
liy  Order, 

F.  Bi(ADN,  Secretary. 

DlPABTXKNT  OF  PtlKLIO  WoRKB. 

Ottawa,  18th  August,  1875 


Greenebaum  Bros. &  Co., 

RANKERS, 

1  Nassaa  Street*  Neiv  Tork^ 

(CoBNHR  or  Wall  Strkkt.) 

CHICaOO  HOUSF.:  HKNKY  GREENEBAUM  &  CO 

Issue  Bills  of  Exchantre.  Travelers' and  Commercla 
Credits,  available  In  the  leading  cities  of  Europe  snd 
the  United  States. 

Make  Telegraphic  Trsnafers  of  money  on  Europe 
andCallfoinia. 

Deposit  accounts  received  on  favorable  terms. 

We  give  special  attention  to  the  Investment  of 
money,  upon  mortcages  on  improved  Keal  Estate  In 
Chicago  and  vicinity,  giving  to  capitalists,  availing 
themselves  of  our  services,  safe  and  profitable  Invest 
xn  ;nts. 

JAI-DEN  OAYI«ORD,  Miscellaneous  Se 
•  cuTites.  No.  31  Wall  st..  New  \  ork.  (P.O.Box 
\X12').  Special  attention  >;iven  to  St.  i.ouls  Cltyan't 
Counlv  itonds;  MIskouiI  Connty.  City,  Town  and 
'  School  Ronrts.  Also,  to  the  Bonds  and  stocks  of  the 
toIl>w1ng  Tiil  roads :  Atlantic  *  Pacltlc.  Missouri 
I'nciflc,  J^outh  pHciftc,  Kansas  Pacific,  Denv-T  Paelflc-, 
North  Mlj-sjuri.  St.  Lome  Kansas  CUy  &  Northern. 
Beferi*  by  p'^'-mls-ion.to  M<»Brs.  W.  8.  Nichols  &  Co., 
Bankers,  New  Vork 


p. 


mmtti^ 


AND 


xmtlt 


HUNT'S    MERCHANTS'    MAGAZINE, 

REPRESENTING  THE    INDUSTRIAL    AND   COMMERCIAL  INTERESTS  OF  THE  UNITED   STATES. 


VOL.  21. 


SATURDAY,  SEPTEMBER  25,  1875. 


NO.  535. 


CONTE  M  T». 


TBI  CHR05ICLS. 
Tk«  Lagal  Todar  Clab  uid  lu  I  LktMiMoatUirandCaauMrdAl 

Wort tm]     Bo(U*kN«w« 

Tb«  L'Mrr  HrfnfiMn  u  Work.     W  I  P ■wilt!  ta4  MltcaUaBMsa 

OaCUM  MoToBMI  ud  Crop  of  I     New* IM 

J»H-4 m 


»» 


THB  BAMEBJiS-  OAZim. 


■esn  llMkM,0. 1.  ■»»««■, 
Bkifwaj  StoAik  OoU  lUriut, 
Fanica  Racfeaaa*,  llwr  Totk 
Cttl  Baska.  Boatoa  Baaki, 
Mladalpbto  Baaka.  Nadoaal 

_  TH<  OOMllKMC'tAL  TOIBS. 

OammareUJ  Kp4toaa «0B  l  Breaaauf* 

Oouan m..      m    I>i7 


MS 


it*T^*u  a>c. 
ViBoudoa*  of  9;oekt  and  Boada 
iDTiaUMM  and  Suta,  Citj  aad 

Corpomlae  Flaaacaa Ut 


tor 
aos 


b 


3i:i)f  €1)10 uicU. 

T»  COMMXaClAL  AMD  FlXAXCIAL  CnROMICLB  <« 

dap  morning,  with  t\*  tmUit  ntiet  «p  to  mt^iu^JU  ^  ^14mg, 

rnUU  OF  ■gMMUflUW-rATAlLl  I«  ADTAVCI. 
Taa  Couaaeui.  *b9  rmfniti.  Cctowmh.  daUvOTad  bf  canlar  lo  diy 
Mkacrlkan,  aad  aMllad  lo  all  ottaia: 

r»  Oa»  Ta»  W»d»<tan  peaUfi). «•  f ^ 

rarauMoMlM. ,,.., •  I# 

■■taatlUloi  «■  ka  OTBttMM  aaUl  ocdarai  HaiiiMd  ly  •  uitMm  tr*n 
traUktmitKmfllmatkt.    Tb*  PabUakna  hmK  b*  napoaatbia  for  Ramlt- 
■ate^OHrfla  or  fea«  0«c»»iwyO*4a*a. 


at  adiiiUaaawli  an   paMUbad  it  ■  eaaU  pm  llaa  for  aaeb 

.  bat  vbaadatMa  artaa  a**  «f  aaa  to  taa,  dr  ■•■%  laaaMloai,  a 

libaral  dUeoaat  U  aada.    Ko  vfoaOaa  of  enatlaaaa*  paMlcadaa  la  tha  baat 
alaca  aaa  ba  (t«aB.aaail  adtwttaaa  aiaat  ba««««B*l  aapanaaMaa.    tvaelal 
llodcaa  la  BaaklBs  aad  Flaaadal  colomo  <0  eaala  par  Dim,  aack  laaardoa. 
■.•■^•a  OMaa. 
Tba  Loadoa  oMca  of  tba  Caaoaid.*  !•  at  No.  S  Aattla  rrUia,  Old  Broad 
WliH.  wbara  aabaarlauoaa  u»  bitaa  at  iba  faflaatat  rataa: 

Aaaaal  Sabacrtatloa  to  tW  Cbfoalcia  (lariadlag  poalaga) M    U. 

•taaMalba'aabaolpUoa 1    li. 

vauAH  a.  D*«a.    I  WIUOAM  B.  OAVA  *  CO..  Pahlidbais 

T»  aad  11  WUUaa  llfaaL  NEW  TOKK. 
laa  Bo»  4  m. 


/jaa  a.  ruiro,  tm. 


lar  \  ncai  ti*<.,r.;t  It  faralabwl  a«  Meaata;  pg*«iffa  aa  Iho  aaa  la  H 
C«ni»      Volaa«a  buaad  for  •abaertbara at  $1  Btl 

$W  A  coBplata  a<  of  tba OaaaiBoxai.  aaa  VaaaeiaL  OnMaaba-Jalr 
Uw,  to  'lata— la  for  aala  at  tba  tUf  Alao  oaa  aM  of  Boar'a  Maaoa^a  t* 
Maoaana.  IMi  la  Itn.  tixtjAtmm 


CV  Tba  BaalaM*  DaoarlaMat  of  th«  faaaanei.a  la    lapraaautad  aaoe( 
Plaaadal  latarM-.*  In  Srw  York  Cltf  by  Mr.  Frad.  W.  JooM. 


TUE  LEGU  TENDER  (LIB  k\9  ITS  WUKI. 
On  ThnnMlAj  ovening  >  large  ■— tmbly  gathered  in  the 
Cooper  Institute  hall  to  hear  the  argnmentii  which  the 
Legal  Ten.ler  Club  had  to  offer  in  In-half  of  inflation. 
The  interest  which  waa  evinced  in  the  meeting  before- 
baod  was  due  in  part  to  the  expectation  that  General 
Butler,  Wendell  Phillipn  and  other  inagnatea  of  infla- 
tier  rity  would  lend  to  the  new  club  the  influence 

of  :..  ..  ,. rMoal  presence.  These  ezpcctalionx  were 
disappointed.  Bnt  the  meeting,  for  a  first  attempt, 
reflects  soma  credit  on  the  gentlemen  on  whom  devolved 
the  preliminary  arrangements.  Their  o|>ponents  seem 
tlao  to  be  pretty  well  satisfied  with  the  result  of  the 
BMBting ;  for,  on  the  principle  that  he  who  supports  a 
Maae  with  weak  arguments  which  refnte  ihemsclres 
tnjares  that  cause,  the  inflationist  speaken*,  it  is  xaid,  by 

their  weak  = '  --   and   inconclnsive  reaitoning,  have 

materially    -  ncd  the  cause  of   their  opponents 

and  weakt^ned  thutr  own.  This  little  diivpnte  wc  will 
Bot  attempt  to  settle.     It  is  of  no  general  interest  to 


the  public  at  large.  In  this  State  the  inflationists  have 
enough  odds  against  them  without  their  handicapping 
themselves  with  any  voluntary  incapacity  such  as  is 
ascribed  to  them  by  their  critics.  We  had  not  the 
pleasure  of  being  present  at  the  meeting ;  but,  if  we 
are  correctly  informed,  the  chief  speakers  were 
very  urgent  in  enforcing  the  duty  of  every  man  to 
examine  the  greenback  question  and  to  study  it  for  him- 
self. This  duty  we  cordially  recommend  to  all  cla-sses  of 
our  citizens.  This  is  a  free  country,  and  it  has  room  for 
the  utmost  freedom  of  thought  on  all  subjects.  Our 
public  school  system,  and  some  other  educational  forces 
equally  potent,  have  sharpened  the  intelligence  and 
developed  the  natural  shrewdness  of  our  people  till  they 
are  able  to  make  themselves  sufficiently  familiar,  as  their 
citizenship  requires  that  they  should,  with  a  multitude  of 
diflicult  and  abstruse  questions,  and  to  form  an  intelligent 
opinion  upon  them.  We  have  often  had  occ.ision-to 
express  our  full  confidence  in  the  solid,  sober  good  sense 
which  animates  our  institutions,  and  often-  baflles  the 
calculations  of  demagogues.  The  six  or  seven  millions 
of  men  that  directly  or  indirectly  work  the  mechanism 
of  our  Government,  constitute  a  reserve  force  whose 
political  action  in  great  emergencies  can  infallibly  be 
counted  on  in  defence  of  the  right.  If  the  Legal  Tender 
Club  will  only  stir  up  the  young  men  of  this  city,  and  of 
other  places,  to  study  throughout  the  country  the  subject 
of  inflation,  these  young  men  will  soon  find  out  for 
themselves  the  best  teachers  and  the  trustworthy  sources 
of  information.  Tlieir  intelligence  and  culture  arc  too 
far  advanced  for  them  to  be  long  satisfied  with  cnide 
notions,  sophistical  arts,  or  misinterpreted  facts.  When 
once  the  popular  appetite  is  quickened  and  made  keeni 
we  shall  find  it  ea.<<y  to  meet  the  want  and  satisfy  the 
craving.  Tn  this  first  object  of  their  desire,  then,  we 
wis'  il  Tender  Club  may  succeed.   The  more  they 

accoiiijMi:^!!  lii  the  way  of  stimulating  the  public  demand 
for  information  upon  the  greenback  question  the  better 
will  they  help  the  cause  of  a  sound  currency. 

Here,  however,  we  fear  that  for  the  present  our  com. 
mendation  of  the  Legal  Tender  Club  must  stop.  Their 
second  object  i."*  announced  to  be  to  express  sympathy 
and  to  give  cncfturageraent  to  the  inflationists  in  Penn- 
sylvania and  Ohio.  That  those  gentlemen  will  need  al 
the  sympathy  and  help  they  can  get  we  freely  admit. 
We  also  agree  that  it  is  natural  and  allowable  that  tlicir 
friends  throughout  the  country  should  do  something  to 
help  them.  Whether  they  ought  to  be  gratified  by  the 
help  and  countenance  given  on  this  occasion  has  been 
questioned.  The  chief  resolutions  pa<!scd  at  the  meeting 
arc  reported  as  follows  : 


283 


THE   CHRONICLE 


[September  1.5,  H75 


Resolved,  That  the  cootraction  of  ihe  currency  heretofore 
made,  and  tUe  further  contraction  proposed  wi'h  a  view  to  the 
forced  resainption  of  specie  payment,  has  already  brought  dis- 
aster to  the  business  of  the  country,  and  tlireatens  general  bank 
ruptcy.  We  demand  that  this  policy  be  abandoned,  and  lliat  the 
volume  of  currency  be  made  and  kept  equal  to  the  wants  of  trade, 
leaving  the  restoration  of  legal  tenders  to  par  in  gold  to  be  brought 
about  by  promoting  the  industries  of  the  people,  and  not  by 
destroying  them. 

lieiotvcd.  That  the  policy  already  initiated  of  abolialiinii  legal 
tenders  and  giving  National  banks  the  power  to  furnish  all  the 
currency,  will  increase  the  power  of  an  already  dangerous 
monopoly  and  the  enormous  burdens  now  oppressing  the  people  ; 
and  that  we  oppooe  this  policy,  and  demand  that  all  tlie  National 
bank  circulation  be  promptly  and  permanently  retired,  and  legal 
tenders  be  issued  in  their  place. 

Resolved,  That  the  public  interest  demands  that  the  Govern- 
ment should  cecse  to  discredit  its  own  currency,  and  should  make 
its  legal  tenders  receivable  for  all  public  d  ues,  except  where  respect 
for  the  obligations  of  contracts  requires  payment  in  coin;  and 
that  we  favor  the  payment  of  at  least  one-half  of  the  customs  in 
legal  tenders. 

Resolved,  That  we  demand  the  extinction  of  the  present  National 
banks,  and  the  establishment  in  their  stead  of  a  system  of  free 
banks  of  discount  and  deposit,  under  sucli  regulations  as  the 
States  may  respectively  prescribe  ;  and  no  paper  currency,  except 
such  as  may  be  issued  directly  by  and  upon  the  faith  of  the  Gen- 
eral Government. 

There  arc  one  or  two  notable  errors  and  contradictory 
statements  In  these  resolutions  which  at  this  late  day  we 
ought  not  in  New  York  to  be  called  upon  to  refute. 
For  instance,  the  contraction  of  the  currency  is  declared 
to  have  brought  disaster  to  the  business  of  the  country. 
If  the  present  depression  of  business  were  really  due  to 
the  cause  here  mentioned  it  would  be  much  more  easy 
to  cure  than  even  the  authors  of  these  resolutions  ven- 
ture to  affirm.  All  that  they  should  prescribe  would  be 
new  issues  of  currency.  There  would  be  no  necessity 
for  the  extinction  of  the  existing  National  banks  ;  no 
necessi  y  for  any  subversion  of  the  national  currency 
system  ;  no  necessity  to  favor  the  payment  of  customs 
duties  in  greenbacks  instead  of  gold.  This  complicated 
machinery  which  the  inflationists  propose  has  no  ten- 
dency to  avert  the  contraction  of  the  currency  which 
they  so  much  dread  ;  while  it  might  and  probably 
would  tend  not  only  to  produce  currency  contraction, 
but  what  is  infinitely  worse,  it  might  bring  on  the  most 
violent  and  disastrous  contraction  of  credit.  Even  now 
the  discussion  of  such  schemes  is  disturbing  the  delicate 
machinery  of  commercial  credit  and  checking  the 
recuperative  movements  which  some  months  ago  were  I 
putting  forth  promising  indications  of  a  prosperous 
Fall  trade.  "We  fully  concur  with  the  statement  that 
the  "  restoration  of  legal  tenders  to  par  with  gold  must 
be  brought  about  by  promoting  the  industries  of  the 
people,  and  not  by  destroying  them."  But  if  our 
inflationist  friends  would  promote  the  recuperation  of 
the  national  industry  they  must  beware  of  shaking  the 
financial  system  and  producing  a  contraction  of  credit 
by  the  agitation  of  wild  schemes  of  so-called  reform. 

Finally,  we  agree  with  the  resolutions  in  holding  that 
"  the  volume  of  currency  should  be  made  and  kept  equal 
to  the  wants  of  trade."  But  contraction  at  the  proper 
time  is  just  as  needful  as  expansion,  if  we  would 
keep  the  tide  of  the  currency  at  its  proper 
level.  Moreover,  by  destroying  the  National  banks 
and  the  system  of  redeeming  the  bank  notes,  as 
is  above  proposed,  the  inflationists  would  make 
it  impossible  that  a  healthy  contraction  and  expansion  of 
the  currency  should  be  secured.  They  would  thus  give 
up  and  renounce  the  only  mechanism  which  the  experi- 
ence of  the  world  has  yet  been  able  to  devise  for  regu- 
lating the  currency.  In  this  and  in  other  ways  too 
numerous  to  mention  the  inflationists,  while  declar- 
ing themselves  in  favor  of  the  policy  of  regulating  the 
currency  to  the  wants  of  business,  repudiate  and  cut 
oose  from  the  only  mechanism  by  which  it  is  possible  to 


regulate  the  currency  to  any  good  purpose.  "We  waive 
at  present  all  discussion  of  ihe  Constitutional  questions 
involved.  For  these  we  have  no  ppace  and  they  have 
been  too  frequently  expounded  to  require  elucidation 
here. 


THE  USURY  REFORMERS  AT  WORK. 

"We  have  just  received  a  new  lesson  as  to  the  evil  of 
procrastination  in  matters  of  legislative  reform.  Two 
years  ago  a  bill  for  the  repeal  of  the  usury  penalties  in 
this  State  passed  both  Houses  of  the  Legislature  at 
Albany  and  was  only  prevented  from  becoming  a  law  by  a 
mistaken  movement  of  its  friends  at  a  critical  momentt 
The  result  was  that  the  work  of  usi»ry  reform  is  left  to 
be  done  this  year,  when  so  many  other  reforms  are 
urgently  pressing  upon  the  public  attention.  A  super- 
ficial observer  might  suppose  that  the  prospects  of  usury 
repeal  this  year  are  dubious.  The  probabilities,  however 
are  far  otherwise,  and  the  advocates  of  reform  are 
already  on  the  alert.  Moreover,  the  absolute  necessity 
of  new  legislation  is  enhanced  by  the  recent  decision 
pronounced  by  Mr.  Justice  "Wallace  in  the  District  Court 
of  the  United  States  for  the  Northern  District  of  New 
York.  Judge  "Wallace  is  reported  to  have  decided  that 
the  usury  laws  of  the  States  do  not  apply  to  the  National 
banks.  This  is  in  direct  opposition  to  the  decision  of  the 
N.  Y.  Court  of  Appeals  in  1872.  "We  have  thus  an  oppo- 
site declaration  as  to  the  usury  penalties  and  a  conflict 
between  the  courts.  Hence  it  is  almost  in  vain  now  to 
attempt  to  find  out  what  are  the  precise  proviFions  of 
the  usury  laws  of  this  State.  The  most  able  lawyer  among 
us  is  wholly  unable  positively  to  say.  A  case  involving  the 
principles  in  dispute  is  expected  to  come  up  soon  before 
the  Supreme  Court  of  the  United  States  at  "Washington. 
"We  shall  then  know  how  far  Judge  "Wallace's  view  will 
be  sustained.  Meanwhile,  it  is  supported  by  several 
respectable  authorities.  In  two  States,  Massachusetts 
and  Ohio,  the  Supreme  Courts  have  held  substantially 
the  same  doctrine.  On  the  other  side,  the  only  judicial 
decision  that  is  much  relied  on  is  that  of  the  New  York 
Court  of  Appeals  above  referred  to.  In  that  case,  as 
our  readers  will  remember,  the  Court  held  that  the 
National  banks  are  partly  subject  to  the  exclusive  juris- 
diction of  the  Federal  Government,  and  partly  to  the 
jurisdiction  of  the  State  governments.  These  institu- 
tions have  thus  a  twofold  character.  As  creatures  of 
Federal  authority,  their  work  is  chiefly  of  two  kinds. 
First,  they  have  to  act  as  fiscal  agents  of  the  Govern- 
ment ;  and  each  bank,  when  so  appointed,  is  to  become, 
as  it  were,  a  part  of  the  National  Treasury,  so  far  at 
least  as  the  receipt  or  payment  is  concerned  of  Govern- 
ment moneys  confided  to  the  bank.  Besides  being  desig- 
nated depositories  of  the  Government,  the  National 
banks  are  appointed  under  the  currency  laws  of  1863 
and  1864  to  issue  "a  national  currency  secured  by  a 
pledge  of  United  States  bonds,  and  to  provide  for  the 
circulation  and  redemption  thereof."  In  both  these  func- 
tions, and  in  all  operations  connected  therewith,  the 
National  banks  are  to  be  regarded  as  creatures  of  the 
Federal  Government  and  as  subject  to  its  exclusive 
jurisdiction. 

As  to"  the  other  functions  of  the  National  banks  this 
exclusive  jurisdiction  cannot  be  claimed.  For  example, 
the  National  banks  for  their  own  profit  receive  deposits 
and  lend  to  their  customers  the  money  thus  received.  In 
such  work  as  this  the  National  banks  have  no  exclusive 
privileges,  but  stand  on  precisely  the  same  ground  as  the 
State  banks  and  the  private  banks,  which  are  their 
neighbors  and  rivals.     To  deny  this  would  be  to  claim 


September  25,  1875.) 


THE  CHRONICLE 


289 


daogerons  and  onoonstitntional  powers  for  Coof^ress  and 
iu  enactmenU. 

Such  are  some  of  the  principles  whioh  the  Court  of 
Appeals  applied  to  the  solation  of  the  usury  question. 
The  discussion  is  very  elaborate,  and  those  of  our  readers 
who  are  interested  in  the  question  will  do  well  to  exam- 
ine the  decision.  (50  N.  Y.  Reports,  page  95.)  The 
Court  holds  that  in  questions  of  usury  the  State  statutes 
govern  all  banks  and  all  persons  alike,  and  that  the 
National  banks  can  claim  no  privil^;e  over  private  bank- 
ers or  individual  lenders  of  money.  In  this  State  the 
governmental  jurisdiction  of  the  State  has  always  been 
freely  exercised  in  regard  to  usury.  This  State  jurisdic- 
tion, after  being  enjoyed  for  a  century  or  more,  cannot 
be  and  has  not  been  extruded  by  the  provisions  of  a 
National  banking  law  of  comparatively  recent  date. 
These  proviaions,  so  far  as  they  attempt  to  regulate 
usury,  were  intended  by  Congress  to  operate  and  to  have 
force  in  those  States  and  Territories  only  which  have  no 
usury  law  already  set  np  by  the  local  government.  In 
such  oommuiiities  the  interest  charged  is  to  be  7  per 
cent,  if  there  is  no  r^pilation  preaorilmig  a  different  rate, 
and  the  penalty  for  usury  is  to  be  a  forfeiture  of  the 
iaterest  and  no  more. 

Two  years  before  this  decision  was  made,  the  Legisla- 
ture of  the  State  of  New  York,  acting  probably  under 
the  supposition  that  the  National  banks  were  exempt 
from  State  penalties  for  usury,  passed  a  law  to  put  our 
State  banks  in  possession  of  the  same  privilege.  This 
law  has  been  frequently  referred  to  in  the  discussions  op 
this  subject,  but  we  do  not  remember  to  have  seen  a 
complete  copy  of  it  in  the  newspapers.  As  it  is  of 
importance  to  the  full  underxtanding  of  the  effect  of 
Judge  Wallace's  deoision  it  is  here  subjoined.  The 
statute,  as  will  be  seen,  does  not  directly  mention  the 
sabjaot  of  nsary,  and  tbare  w  little  doubt  that  some  of 
the  legi-ilators  who  voted  for  it  bad  but  a  dim  apprehen- 
sion of  its  full  scope  and  meaning.  The  law  reads  as 
follows,  and  is  reported  in  New  York  Sututea  at  Large, 
Laws  of  1870,  Chap.  les.     It  was  passed  »th  April,  1870. 

1.  Evarj  haaklBir  aaaaclatloD  orttmalsad  aad  dolac  boalacM 
mmimt  aad  bj  t  no*  of  tb«  act  rotiilad  *sa  act  to  aMhorlss  tha 
boilBMs  of  baaklBc."  pMMd  April  I6ih.  1888.  aad  tko  varioos 
Mta  aapplanMaUry  tharalo  sad  «ai«a<sloty  thaiaoi,  U  baraby 
•atborixcd  to  lake,  raoelva,  raaarra  aad  ikarga  on  ararj  loan  or 
dIaeooDt  mad*,  or  opoo  aor  note,  bill  of  «xeoaii|ro  or  otber  evi. 
daacaa  of  debt,  lolcrcat  at  the  rain  ut  7  per  east,  per  aaoam  ;  aod 
■adt  latareat  awv  ba  lakaa  in  a^Taaae,  laekoaloir  ibe  da;*  for 
wbieh  tlM  BOW,  bill  or  eihar  avldeoos  of  debt  baa  to  run  The 
koowingly  laklaf,  raeatvlDf ,  reaerrioc  or  ehargtog  a  rale  of 
I  Dtert-at  greater  than  aloraaaid  aball  ba  Bald  aod  adjodgad  a  lor- 
foUare  o(  tbe  eotkro  latataat  wbieb  tba  aola.blll  or  ether  evIdeBoe 


of  debt  earrlaa  with  It.  or  wbieb  baa  baaa  agiaad  to  be  paid 
thereoo  :  and  Ib  caaa  a  greater  rata  of  iatonat  baa  been  paid,  tba 
paraon  or  peraoaa  paylaf  iha  aame,  or  tbair  iafal  rapreaaatatiTea, 
WMj  rteover  back  twiea  the  amount  of  tha  iaUreat  thai  paid, 
(roai  tha  aaiodatiea  taklag  or  receiTio(  tha  aaaa ;  pit>ridad  that 
aoeh  aetioa  la  eoomaaead  arlthls  two  jraass  ftMS  tha  lima  tha  said 
eseaaa  of  lataraat  ia  takaa.  Bat  tba  ponhaaad  dlaeo«Bt  or  aale 
of  a  bona  JU4  bill  of  azehan^.  note,  or  other  erideooa  of  deht 
paTabIa  at  aaotber  plaee  Ibao  the  plaea  of  aaeh  pnrcbaaa,  dia- 
ooaol  or  aale,  at  aot  more  tbaa  tbe  carraat  rata  of  exebaoga  for 
aald  draft*,  or  a  reaaonable  charge  for  eollaetiag  tbe  aame  in 
addition  to  tha  iBtataat.  ahall  oot  be  eoaatdaed  aa  Uklog  or 
laeatvtaft  agraalar  tat*  of  intareat  than  7  par  eant.  peranoam. 

8.  It  la  hafabjr  deelarad  that  iha  tnie  lataat  and  ineanlo^  o( 
thia  act  la  h>  place  tbe  bankioff  aaaodatlooa  organlxed  and  doioK 
baaiaeaa  aa  aloreaaid,  on  aa  eqnalily  in  tbe  particulira  in  thi*  act 
■aiarrad  to,  with  tbe  Natioaa!  banka  orgaaiaed  ander  tbe  act  of 
Coagraaa,  eotltird  *ao  act  to  provide  a  national  carrfDcj,  aecored 
hj  a  pladga  of  United  State*  bond*,  and  to  provide  for  tbe  circa- 
laiioa  Bad  ladatptloa  thereof. "  approTed  Jane  8,  ISM.  And  all 
acu  aad  parta  o<  acta  laeoniiataot  with  tha  provlalooa  hereof  are 
harebr  rapaaled. 

8.  Thia  act  ahall  take  aflaet  Immediataly. 

In  thia  unsettled  state  of  the  law,  it  ia  easy  to  see  the 
plain,  Btraightforward  policy  which  befits  the  Legislature 
of  this  great  metropolitan  State.  They  should  pass  an 
aot  as  early  as  possible  next  Winter  repealing  the  usury 


penalties  which  for  so  many  years  have  been  virtually 
disregarded,  and  which  it  is  wholly  impossible  now  to 
enforce.  The  friends  of  usury  reform  have  done  well  to 
begin  thus  early  their  Fall  campaign  against  these 
obnoxious  and  mischievous  statutes.  No  possible  harm 
can  result  to  any  important  interest  from  the  repeal  of 
the  usury  penalties.  Here,  as  in  England  and  elsewhere, 
the  beneficent  influence  of  the  policy  of  liberating  money 
from  the  antiquated  fetters  of  mediaeval  legislation  can 
not  but  be  good,  for  the  two-fold  reason  that  such  a 
liberation  is  in  harmony  with  the  spirit  of  the  age  and  in 
compliance  with  the  demands  of  modem  industry  and 
trade. 


COTTON  XOVEIENT  AND  CROP  OP  1874-7S.* 
Out  atatement  of  the  cotton  crop  of  the  United  States  for  the 
year  ending  September  1,  1875,  wUl  be  foand  below.  It  will  be 
aeen  that  the  total  crop  this  year  reaches  3,833,991  bales,  while 
the  exports  are  2,68^,708  bales,  and  the  spinners'  takings 
1,198,006  bales,  leaving  a  stock  on  hand  at  the  close  of  the  year 
of  66,0S0  bales.  The  tablea  which  follow  show  the  whole 
movement  for  the  twelve  months.  The  first  table  indicates  the 
stock  at  each  port,  September  1  of  1875  and  1874.  the  receipts  at 
the  porta  for  each  of  the  last  two  years,  and  the  export  move- 
mant  for  the  paat  year  (1874-S)  in  detail  and  the  totals  for 
1878-4: 


POBI*. 


80.  Carolina. 

G«>rcta 

Tuaa. 

riortda 

No. 

Vlrglwa  .. 

NawYofk* 

Boatoa*  . 

Pkllal'phU* 


BaotoU  7«ar 

•ndlnc 


"%.*• 


tm,ra 


Portlaad*  ... 

S.  Fraodaeo. 


mjmi 

(S>,«« 

a8t.w 

HH.TIS 
418,ll« 
ia8.SK* 
»,(M* 

Kiat* 

8.  Ml* 
l,l«* 


Sapt.  1. 
1874. 

tg».878 
4aB,lM 


«B,045 
14,18B 
V,8M 

sas,i«n 
Ko.asf 

M,MO* 
1<,«>4* 

•.at* 

8,188' 


Xxporti  year  ending  Sept.  1, 
1875. 


Great    __  .  I  Other    _  .  , 
Britain.  ""  •.for-lgn    Total. 


08B,«I» 

8I.47S 

lW,5i: 

8M,787 

110,«1 

44 

14.(18 

6S,8W 

srs.Mi 

16,880 
11,8(1 


KO.SW  154,780! 
18,1  lOi  <«,7ai 
48,»4  84,r9 
18,000  188,488 


481 


ToClklajrear  1.487.188  ....    1,801,708  188,818  481,801  4,884,708  88,008       .... 

Tot.  last  rear"     ....   ls.801S»    ljn,9»miS«8M.18a'«.840,881       .      108.1SS 


8,408 


IMSt 


11,887 

liOM 
S.SBS 

M,aM 
ns 

8.4(8 


SOS,  no 

ISl.SIl 
(75,  SO 
481.889 

1S4,«84 
44 

16,67X 

87,212 

44\17S 

88,858 

as.aao 
44,a« 

'481 


stock. 


Sep. I  S«pt.l 
1875.     1^4. 


1.988 
«81 

8,788 
H)l 

5,105 

458 

1,6.8 

8t,71« 

7,106 

l.tOO 

855 


1S,(XS8 
8,808 
4,150 
4,519 
4,506 


8,W8 
58,048 
8.000 
6,545 
1.9(4 


0r*  •  Tha**  Scon*  an  ooljr  the  poftloa  of  tha  raoelpta  at  theae  porta  which 
airlT*  orariaad  from  T»nimm,  Ac  The  total  receipta  at  New  York,  Biltl- 
■ora,  Boatoa  and  Philadelphia  for  tha  year  andlog  Aognat  81, 1875,  are  given 
la  a  aabeaqaaal  part  of  thi*  report. 

By  the  above  it  will  be  seen  that  the  total  reeeiptt  at  the  Atlan- 
ta «(d  0^4f  Mpping  porU  this  year  have  been  3,407,169  bales, 
agalast  8,8MJS80  bales  last  year.  If  now  we  add  the  shipmenta 
from  Twinnasnn  and  elsewhere  direct  to  manufacturers,  we  have 
tha  foUowlBg  aa  the  crop  statement  for  the  two  years  : 

, Teareadlag  Sept.  1 , 

1«4-7S.  l*r8-74. 


Receipta  at  the  shipping  porta bales.     8,487,169 

Add  shipmenta  from  Tennessee,  fte.,  direct 
to  nianofaeturer* 20S,889 


8,804,290 
237,572 


Total 8,703,508      4,041,862 

Mannfaetured  South,  not  included  in  above       130,483         138,526 


Total  eoUoB  crop  for  the  year,  balea.  3,832,991    4,170,388 

Tha  reaalt  of  these  figares  ia  a  total  or  3,833,001  bales  as  the 
crop  of  the  United  Statea  for  tha  year  ending  August  81,  1875. 
Overland  and  Inter-Btate  Hovement. 

Railroads,  when  once  built,  must  have  business,  and  will  obtain 
it, — at  good  rates  if  they  can,  but  at  low  rates  if  they  must. 
Every  dajr  ^  see  thi*  truth  illaatrated  in  tlie  successful  com- 
petlttoB  Carried  on  with  water  rontes.  What  a  change  in  this 
respect  a  few  years  has  wrought.  B^ore  the  war,  the  idea  of 
ever  bringing  eotton  from  Louisiana  or  Texas  to  New  York  by 
rail  waa  not  thought  of.  And  even  after  the  war  the  old  channels 
enforced  their  saperiority.  Only  in  recent  years  has  this  move- 
ment l>ecome  so  important;  and  now  each  succeeding  twelve 
months  finds  remoter  points  thus  connecting  themselves  with  a 
market,  until  this  ye«r  weeven  see  Shreveport  and  Boston  joining 
hands  overland.  As  an  illustration  of  the  growth  of  this  tendency 
we  given  part  of  a  return  from  the  Texas  &  Pacific  Railroad. 
The  details  are  only  brought  down  to  the  close  of  May,  but  the 
movement  during  tbe  later  months  is  comparatively  so  unim- 
portant it  is  unnecessary  to  take  the  room  to  reproduce  it. 
First,  then,  we  give  the  points  at  which  the  road  received  cotton 
daring  those  months: 

*  Want  of  apace  compela  <u  to  omit  loma  of  our  anoaal  table*  tcday,  but  wa 
rf».n  ghr*  them  next  week.    Thoae  omitted  refer  to  tbe  movement  of  the 
tor  the  year,  Ac.— matter*  of  Importance  chiefly  for  reference. 


290 


IHE   CHRONKJLt:. 


[SepUmVer  25,  1875. 


Fro  II. 


Sept 


Shreveport,  com  . . . 
im.  com. 

Greenwood 

Wa.-'kom 

Jonosvillc 

Scotlsvitic ,  . 

AlarBliall 

Hallvillc 

Ijonafvifw 

Willow  Springs..   .. 

Uludrwater 

Hawkins 

Miimpola 

<}rantl  Saline 

■WtllH  Point , 

Kmo , 

Terrell 

Lawrence 

Forney 

>le8quite  « 

Ballus.  com 

un.  com 

Ea^le  Fold 

Woodlawn 

Jefferson,  com.  ... 
uu.  com,. 

Kildarc 

Atlanta 

Lanark  

Moores  landing. . . 
Texarkana 


MG 

4li^ 

11 

84 

X 

31 

r« 

55 

1»4 

II 

» 

111 


Ij7 
SI 
1(H) 


3 
290 


158 
31U 


Oct. 


Not.    Doc. 


3bli 
iH 
61 
40 

14SI 

i'.iai 

2SU 

4iff 

16 

n» 

114 
41 

im 

185 

soo 


3« 

tl55 

i,8W 

'"i 

716 


:s4 

51 


187 


39*; 

IMi 
208 
IW] 
V.»' 
f2!» 
3M' 
546! 

'«; 
I'M 

98l' 
ilO 
4!t 
B11 
3(18, 
51UI 


75 

15l! 

1,5J0 

....1 

47' 

1,0561 

l,18sl 

ii 

■no 
go 

18 


Jan.  iFob.lMur.  Apr.  May|Ton. 


6,seo 

715 
300 
.555 
43* 
570 
1,451 
2HB 

s 

181 

SG5 

tM7 

11 

205 

616 

2!) 

IS 

47 

531 

l.OSV 

31 

WJ 

2,054 

4 

441 

120 

'aie 


Total 3,410  11.111)8  Ili.SM  21,181  12,449  9,17.')  4.524  S.I.-iS  1,0611183,717 


Sm,  332ll 

3,288  5  to 

SrSr  167 

2'i5  2*1 

482  310 

4«9!  241 
1.411  1,118 

274'  iro 

1,514  1,162 

lU  2 

881  35 

272  185 

440  386 

28|  31 

nSi  358 

04 

S58l  176 

6  8 


It 


G59 
11 


,41-(  l,3tl6| 
85 


184 
8 
13 
II 


487 

17 

37   .... 
346    im 
2,331  ],7(K)I    144 

22      65,  .... 
200.    lot!    185 

Si       61 
2,     10 
230     S63;    207 


II 
2i 
s: 
87 
Mi 
K2 
5711 
8 
31 

■*T5 

"k 

81 

28 


123 


;J3S  Htfiii 
...|  4.858 
31;  1,064 
5,  1,631 
1,541 
1,755 
5.638 
1,576 
7,077 
68 

an 

l,2i)0 


10 

16 

18 

iU8 


77 


136 


288 
183 


120 


llSl 
15 


82 


3,521 

953 

»,003 

47 

46 

1S« 

1,337 

6,797 

03 

91 

3,695 

9,133 

113 

1,573 

363 

33 

1.407 


All  tills  cotton,  tlu'ii,  having  beeu  counted  during  tUo  year  luuHt 

now  be  deducted  as  has  been. (Jqh^,     ,  :,        i    . 

With  those  explanations  oiir  detailed  overland  movement  given 
below  will  1)0  readily  understood.  Of  course  in'making  up  that 
movement  we  have  followed  the  plan  which  was  first  suggested 
and  nctofl  ui)on  by  ourselves  ten  years  since.  ITp  to  that  time 
this  item  had  only  been  a  crude  estimate,  based  upon  the 
Memphis  and  Nashville  statements.  Now  wo  have  made  it  as 
exact  a  reconl  as  any  other  portion  of  the  crop  total.  In  perfect  • 
iiig  the  system  wo  are  constantly  seeking  to  give  our  investiga- 
tions a  wider  scope,  in  very  many  cases  following  the  cotton  back 
to  points  of  shipment;  and  by  this  means  hope  in  future  years  to 
add  a  further  and  new  interest  to  this  heretofore  complicated 
subject  of  railroad  BhipmentB.  Below  is  our  usual  outline  map 
or  diagram,  by  the  aid  of  which  one  can  readily  trace  the  course 
of  the  movement  where  it  crosses  the  Mississippi,  Ohio  and 
Potomac  liivcrf",  as  given  in  the  statement  which  follows. 


This  return  is  very  full  and  interesting.  But  the  important 
fact  is,  that  of  this  cotton  thug  picked  up,  which  formerly  would 
all  of  it  have  found  a  market  through  a  S.outhern  port  and  the 
most  of  it  throueh  Now  Orleans,  this  year  supplies  New  Orleans 
with  only  13,0li3  bales,  and  the  East  and  North  by  rail  with 
42,796  bales.  Did  we  have  space  we  should  like  to  reproduce 
other  returns.  But  they  would  only  'end  to  the  same  conclusion — 
that  is,  to  show  the  growing  importance  of  tlie  railroad  move- 
ment of  cotton. 

Of  course  all  this  makes  the  preparation  of  cotton  crop  reports 
more  and  more  perplexing.  A  moment's  glance  at  any  recent  rail- 
road map,  with  its  iinoa  interlocking  one  another,  showing  routes 
to  every  conceivable  point  of  the  compass,  can  but  suggest  to  any 
mind  the  peculiar  difficulties  of  the  situation  as  it  now  presents 
itself.  Besides,  this  .same  tendency  has  led  to  the  introduc- 
tion of  another  disturbing  feature,  and  that  is,  a  movement  inland 
by  rail  from  very  many  of  the  outports.  For  instance,  take  the 
case  of  a  railroad  at  New  Orleans  or  Mobile  carrying  cotton  from 
those  ports  for  the  North;  none  of  the  public  returns  give  its 
route,  or  even  note  its  shipment,  except  under  the  head  of  coast- 
wise. It  must,  however,  be  followed  and  deducted  somewhere, 
or  else  when  the  overland  is  made  up  it  will  be  included  a  second 
time.  We  have  always  adopted  the  plan  of  counting  cotton  at 
the  oi4port  wliere  it  first  appears.  Hence  this  item  thus  sent 
inland,  say  from  Mobile,  has  baen  included  in  the  crop  of  Mobile, 
and  therefore  wherever  it  again  appears  it  must  be  omitted,  or, 
as  we  said  before,  it  will  be  twice  counted.  When  it  first  reaches 
nn  outport  it  has  become  a  part  of  the  net  receipts,  so  that  when 
it  appears  again  it  will  add  to  the  gross  arrivals,  but  nothing 
to  the  crop.  This  is  equally  true  whether  it  passes  to  the  North 
all  the  way  by  railroad  or  whether  it  goes  via  Savannah  or  Char- 
leston or  Norfolk,  or  any  other  port.  It  has  become  a  part  of  the 
crop  at  the  first  outport  it  appeared. 

Another  class  of  deductions  made  this  year  is  the  .amount 
taken  from  the  outports  for  home  consumption.  Tlio  same 
reasoning  applies  to  these  items  which  applies  to  the  inland 
shipments.  They  are  counted  at  the  outports  where  they  first 
appear;  and  as  the  entire  Southern  consumption  is  made  up  in  an 
item  by  itself  and  added  to  the  crop,  they  would  be  twice  counted 
Unless  deducted  as  we  have  done.  In  procuring  the  details  which 
enable  us  to  make  many  of  these  deductions,  wo  arc  especially 
indebted  to  the  kindness  and  etlicieney  of  the  Superintendents  of 
the  Cotton  Exchanges  in  the  various  Southern  cities,  those 
organizations  having,  by-the-way,  been  remarkably  fortunate 
and  successful  in  obtaining  men  of  so  much  intelligence  and 
character  for  those  important  i)Ositions. 

The  only  other  deductions  made  are  the  arrivals  during  the 
year  by  railroad  from  the  West  and  South  at  New  York,  Boston, 
Baltimore,  Philadelphia  and  Portland.  Those  receipts  reached 
these  ports  by  coming  across  the  country,  and  appear  in  our 
weekly  totals,  becoming  a  part  of  the  receipts  at  the  ports,  under 
the  heads  of  "New  York"  and  "Other  Ports,"  but  now  have 
heen  divided  up  and  included  under  each  separate  city,  according  to 
the  amount  thus  received  by  it  during  the  year  as  indicated  in  the 
first  table  of  this  report.  It  will  there  be  seen,  for  instance,  that 
this  year  there  have  beeu  241,335  bales  (against  2.11.01!^)  bales  last 
year)  which  have  in  this  manner  reached  a  market — to  wit,  l.")8,328 
bales  received  at  New  York,  30,606  bales  at  Boston,  8,132  bales 
at  Baltimore,  83,101  bales  at  Philadelphia,  and  3,148  at  Portland, 


A    Mo.,  Kan.  &  Texas  UR.  eonnecllon. 

1!    Sprlligllcld  &  111.  Soutlu'iislcrn  UK. 

C    Illinois  Central  KU.  and  branches. 

D  St.  Lonls  &  S.mtlii'jistern  lilt,  (from 
Shawiieclu All  mu\  l-lvansvIUci 

E    Cairo  &  Vliueiiiii-s  i:H. 

V    Kvausvllli!  it  (  luwlDnl.ivlUeRK. 

G    Louisville.  New  Albany  &  t'hle.  liR. 

U&K  .lellersonvllle.  .\Iaillsnn&  Indian- 
apolis UU.  and  Madison  nranell. 

r  Ohio*  Mi.s.s.  UK.,  Louisville  Branch. 

L    Ohio  &  Mlss.<  Itlt.,  main  line. 

M  Connections  In  (llilo  of  the  Balti- 
more &  Ohio  Ml. 


O    lialllniare&OhloIiU. 

1"  LonUvllle  &  Nash.  UK.  and  Memphis 
Branch. 

Q    Thront,'li  rotite  Memphis  to  Korfolk. 

11    Chesaiieake  *  Ohio  Ml. 

T    Orange.  .\1e.Yandrla&  Mana.ssas  RR. 

U  WasliIiiKton  route,  via  Itiehnloud, 
Krederleksbtirff  &  Potomac  RR. 

V  Rii.'lunon'f,  Chesapeake  &  York  Ulver 
Uallroad. 

W  Sonttierii  route  from  Richmond  and 
Norfolk. 

X  Short  Line  RR.,  Lonlsvllle  to  Cincin- 
nati. 


By  examining  the  above  diagram,  and  with  the  aid  of  ex- 
planations made  in  our  previous  annual  reports,  nothing  further 
will  be  needed  to  explain  the  following  statement  of  the  move- 
ment  overland  for  the  year  ending  September  1,  1875.  In  sub- 
mitting it,  however,  we  will  add  that  in  almost  every  case  our 
figures  have  a  double  source,  one  acting  as  a  check  on  the  other. 
For  instance,  take  the  Ohio  &  Mississippi  Branch  Railroad  and  the 
JeiTerson,  Madison  &  Indianapolis  Railroad,  llie  shipinonts  b.v 
those  roads  have  been  kept  through  the  year,  and  are  made  ii|i 
from  such  records  for  us  solely  ;  but  to  test  the  accuracy  of  the 
results  thus  obtained,  on  the  1st  of  September  we  procured  a 
return  by  months  directly  from  the  roads  themselves,  and  find  an 
almost  precise  agreement  in  the  two  accounts. 

Shipments  for  the  year  from  St.  Louis.* 123,805 

Carried  North  over  Illinois  Central  Railroad,  from  Cairo,  Ac 37,973 

(Carried  North  over  Cairo  &  Vincennes  Railroad 3»,683 

Carried  over  Mississippi  River  above  St.  Louis 8,474 

Carried  North  over  St.  Louit^  &  Sonthea-^tern,  less  deductions 5.458 

Carried  North  over  Evansvillc  &  Crawfordsville,  les.-*  reshiptnents 9,.376 

Carried  North  over  .Jeff  rsonvillc,  Madi.-<ou  .t  Indianapolis  Rl{ lin,7:!3 

Carried  North  over  Ohio  &  Mississippi  Brnncli 67,9-14 

Carried  over  Wash,  t'ity,  Virg.  Mid.  and  Great  Southern  UR.,  from  Dan- 
ville to  llaltiuiore *. , 81 

Shipped  thr(iuj;h.Ciiicintiati  by  Louisville,  Cincinnati  iSs  Lexington  RR.  21,189 

Receipts  at  Cineiunati  hy  Ohio  River 34,086 

Shipped  to  mills  adj:icent  to  river  and  to  points  above  Cincinnati. 12,000 

+  Total  carried  overland 461,7  )I 

Dfdiici— 
Receipts  overland  at  New  York,  Boston,  Pbilalelpbia,  Palti- 

more  and  Portland  24I,3;i3 

Taken  for  consnmpt  ion  from  Galveston 393 

Shipments  inland  from  New  Orleans 2,573 

Taken  for  consunii)tion  from  New  Orleans 1,474 

Shipments  inland  from  Mobile.* , 16,388 

Taken  for  eonsnnintion  from  Mobile. t 911 

Shiptnenis  inland  from  C'harleston 461 

Taken  for  eonsiimpiiou  from  N.  Carolina  ports..      591 

Shi|)ments  inland  from  Wilmington  3,.Mt0 

Taken  for  eonsumptioti  from  Virj^inia  porta 7,130 

Shipiied  South  from  St..  Lonis 335— H.I.OM 

Less  heretofore  deducted  at— 

Mobile  from  New  Orleans 207 

Savannah  from  New  Orleans  and  Mobile 7,H64 

Charleston  from  New  Orleans  and  Mobile 7.016 

Norfolk  from  Wilmiiifjton 4 8,500—18,587    —15,977 


Total  now  to  be  deducted 

Ijcaring  the  direct  overland  movement  not  clMwhcre  connted  . 


256.413 
»iB,389 

*  These  are  the  net  shipments  from  St.  Louis  cxcejit  335  bales  deducted 
below. 

+  .Ml  shipments  between  these  Ncathom  points  of  shipments  (such  as  from 
St.  Louis  to  Ciueiniiati)  are  allowed  for  in  the  above  totals. 

{  These  iHii  items  include  the  16,976  bales  shipped  inland  from  Mobile,  and 
the  233  bales  credited  in  that  statcraent  to  manufacture,  being  togclher  17,199 
bales. 

According  to  the  above,  the  total  carried  overland  this  year 
was  461,751  bales,  against  497,083  bales  last  year,  and  the  move 


September  25,  1875.J 


THE  CHBONICLE 


291 


meni  ■  .   maftufactnn^rs  tbis  year  reachea  305,3:)1)  bales, 

»ija;.  :  I>alc«  a  year  tgft.     In  tliin  c«iinection  it  sliotild  b« 

also  KiuumU'red  tliat  In  the   aprinL:  •\\e  Southern  floods 

forced  aoine  cotton  OTer  Northern  t  •  Ii  otherwise  would 

have  padot^  ihroQiffa   a  Southern   purl  aa  tin  natural  outlet;   and 

fuxlher,  that  tho  Memphis  and  Na.-^hville  crops  thia  year  were 

very  much  leaa  than  io  Ittl-L    These  two  factd  help  to  indicate 

the  grovin^  natural  (uroe  ol  thia  uiuvcmpnt  and  tho  iucroasio^ 

extent  of  country  contributing  to  it.    For  without  any  unusual 

circumatajice  to  force  cotton orerland  this  seaauu,  and  with  a  very 

much  "■■«ll»''  crop  in  the  soctiun   wliich  during  former  years  so 

largely  contributed  to  it,  the   total    reiuaiua   within  about  30,000 

bales  of  ls74.     \^^  now  give  the  il..;;uU  of  the  entire  crop  for 

the  two  yean: 

Iioulalana. 
Ixportad  froa  New  OrtMa*  :  . l«T4-;3— 

To  fotvtn  port*. VX>.i  ii 

TacowCwlwpoiO l*i.tn 

Ta  NottiMm  pona,  kjr  tail  and 


, IHTS-TI- 

l,ltT,;ill 


rtr«r. 

Burnt,  MaoufsctnTOl,  Ac 

8klpaMiiU  ftom'Bnatanir  City. 
Mtork  u  cluaeof  y«ar,.. 
O'^uct  : 
R«celitr4  tnm  NoMIe 

ScoHnd  rram  ClnrMa 

MtcM»»d  float  IVxM 

BecBlTvAftiogi  ahip  AU-.1' 
Stock  btflMtaf  or  ]re>i 


9,<«>-i.n*,»n 

I'.: 

i.i'.-i 
is.«>j-  i7«,aot 


Tulal  pradact  fer  jtar. . . 

•Th«  "Ailaa"  waaaiak  pnor  la  Sc|i<«mt><  - 
IB  la«(  year'*  crop;  t^  amuaut  doc«  tro>\ . 

Alabama. 

Eipiirtr<t  from  HoUle  :• 

Ta  fareijso  poct« UUSll 

T»  coaMwtK  port*    !<«,<>•'> 

BoTBtaadaMaalMtaivd Ml 

_8  jpck  at  etoae  of  j«at M<— 

■ititpu  tnm  rStm  *lrl««a«,  f.  W! 

aiackatk«(lBalaga(  jear i,VH~ 

Total  pcodact  fbr  year 


«M.r 


MMU 

4.101 


S,1It 

SOtTM 
T.lff—    I«.7W 


Km 


MM 


*  V»4*r  tba  kaad  «r  caaHwtM  thlpmrnu  1Mb 
ldiihialolk«aaMaB««biaMdlaMe«  orlcaaa)  MJ 
r  tall,  ab  •(  whkk  wiU  betoaa^  iladactd  ta  Ih*  I 


■ddi 


aaum 

KobU*  are  iaakMed  (la 
M.rt  kalM  ■kIppMl  iaiaad 
Mb  avcsteAd  Mavaseat.  km 
t  la  JaJMled  kataw  fraai  Ilia  OanaMh  ud  Okaflaalaa  crop*. 

Tcxa*. 

1  Oat*-"'—    >-  • 
I  port-  n)     ja.K4  17»,«)l 

I  tO!U I«3.i>»i  tlljtW 

■aafhctarnt a>l  

^^^.•»«»"""*7«a» 5.II&-  BtJ*  4.iia-   M^*M 

BMitrad  ftaai  MtwOifawe 

■tuckatbcftaalaiiof  jrnir..  <,n>— 


far}««., 


■nartad  trim  Ftraaadlin.  «e..* 

Tb  Ibnlca  pe**a 

Tb  caaalwtM  port* 

^atorkMclaaaof  7«ar 

Drdnrt: 
a{o:k  ai  bectaalBC  of  jrar 

ToUi  pradaci  foryoar 


rUrMa. 


41 
lfl,Ui< 


«33 


!«.» 


...  I!l5i  •*"••  maearal  Ibta  year,  ta  h«rHii<lw%  aaTrtlw  rltlpauaU  from 
^JWfr. '">*'*'•  TXwbaroalioeo— HIMpliB>lor<d»  tuDarBiiiub. 
MaUte,*<:.a»aM«LlMbala(Bplaad«aadd^S|i|»<N»l«iand<.  W«  h^to 
failed  oar  anal  caatoa  af  coaatlm  thai  caMTW  oTi 


Kaportod 

Toforel 

T. 


flariMMk: 
n»— uplaai 


Oaarsla 

>  f«^r>'pini-eSiid 

•  fonn  p<^     - 

To  fnarfolii  ^ , ... 

To  eoaiMwlM  pon»-8<a  Mard. . 
rrna  Hraaowick  laMonk'a  port* 

mur  k  It  cloM  af  7Mr-t>.  kMid 
IVdort; 
Racclrad  Ana  MaMt  tad  N.  O. 
■owjred  fnaa  Braafort,  Vkar- 

■^^  f^'VtaM^lUd: 
RaariMd  ttnai  nafMa-«,T7I7, 
-  --  r»tar-r 


IS '.nil 


t.-u 

4.  ii.l 

I 


)«-    Mktm 


Ta<al|nlmfoTy«ar., 


•mtN 

- ■•■(k  Carolina. 

bportad  Itaia  CkarloMoa.  Ac  • : 

To  fti^ia  porta-Pplaad 

r>fkMStpart»-aaa  Ulaad... 

"      ipatto-l'plaad..  .. 

"    >ldaad 


To 
To 


laNaMhMa 


lampariA 
»mnhn,i 


Ac..' to 


»M.MO 

•..tro 
i<ir..i.>» 


"IS 

*'.ia 

IW-   «9,TI« 

4<M 

S..TH 


•.la 


KlJ 


iported  frgm  WUmiogtou,  Jic 
To  furci^i  port* 


To  eootftwi  w  poit9  

Tdk'M)  for  coDijUQiption ... 

Bnrnt .. 

Stock  at  and  of  year 

Deduct: 
Stock  at  beginniog  of  year, 

Total  product  for  year 

Sx] 


North  Carolina, 

.Jbr4-73 

65,l»l 
S9t 
31 
4aS-    101,917 


, 1813-74- 

6,.m 

51,t)l") 


3-       a« 


XRorted  from  Norfolk,  Ac. : 

To  foreign  ports... 

To  coaatwiie  pert** 

Taken  for  nunufoctnrc. ... 

Bnmt ■■" 

SiorJcit  end  of  year  . . ! 

D.tluit: 

HweiTed  from  Wilniin^on 

Kfeeived  from  the  "Siui  VUfcua't 
Stock  bcgiunlDi;  of  yi«r . . . 


101,715 


87,813 

»»7.5« 

7.1.'« 

«■•-; 

l.li3!»—    4J4,1U 


23i— 

239- 


2n,7«l 
4j4.48i 


C8,184 
239 

57,895 


«,««-   C97,471j 


3,500 

:)At 

S,»S- 


Total  prodnctof  year.. 


e,(»l 
418,114 


l,t»2- 


1.603 
5US,87li 


-•  itli  another  lot  of  W 


.  J  Slfv^''^"-'*  coattwlse  (bipmenU  are  nade  up  *a  follona  :  Prom  Norfolk, 
S>6.»jl  bale*;  from  Peterabore  and  Hiilmioiid.  r;;  I'.i-i  In.'cs  lew  5,u.'>l  reshii)- 
menu).  Bet.  *t.M8  balca-Biakin'  -.-niale*. 

^  The  "8*11  Marooi!."  from  Nor  „,r.>  at  Faloe  Oape  in 

JaniuRT;  anden  J>niiaryi3d  I'i'i  .      •^ 

bale*  from  thai  «e**d  war*  takeu  luui  .NurfuLk. 
„.,         .  Tenueaaee,  dec, 

rr«n  Naaiphi* 3iS,W3 

From  Naahrille U,5]4 

Proa*  athar  pUn*  is  Trmnaee, 

UlaiiailppL  Texaa,  Ac S4S.49S 

!(tock  ta  iKmphl*  and  N*«hrlMe 

ateadafjoar 

Dad  act 


4,!^S—  UI.Mi 
88,781 


4r7.roi 

1*7,775 


£05,519 
9,8«r—   7a9,«}t 


1S4,«») 

.%U08 

«S7,573 

«,*i.1-   487,600 

a51.M6) 
!«7„ir» 

ToCprodoct  front  'hBiMS*ee,Ac.*  4M,C74  41»i»l 

i.^J5!5fE*  iS*  J^*^".** '"  ^•''  Orleans,  Norfolk  and  CiiarlMton,  which  are 
BKladea  la  tlM  New  Orleaiu,  Virginia  and  South  CaroUna  crop. 

Total  prodart  detailed  above  by  Statea,  for  the  year  end- 
ing 8epteml)er  1,  1S7.5 9,703,509 

Conauued  in  the  South,  not  included 130,4^ 


SMpwd  fram  Vemphla  to  New 
Shipped  from  Xrmphit,' Ac.,°ta 

Natfuik.Ac mnr 

Shipped  from  Naohvillr,  8oulh . .  15,«i 

HUpBed  direct  to  mannfirtarcn  ajg,$tB 
fttocL  M>m|ihia  and  N»«hville, 

bapanlnj  of  year  9,137'-  390,473 

Total  ahipoienta  to  New  York,  Ac. 
Add  aUpm'u  to  aunufac'ra  direct. 


t4I.S85 
205.»M 

4M,C74 


— Ualtad «,MaL Kaa  l.aa.. 
-ateViwarraar-lpland 
ai.i'k  1!  rioa*  oTiaar-ll.  Maad 
DmIiici 
V»-'l<c<J  froBi  naclda-t'pUo<L 
AMatredrnaa  jrVaMa^-ii.  t  .. 
B*a<**d    rraoi  flaiaaaak    aod 


Ml    • 

un 

«.li9 
-4.4M 

3:i>— 
•m 

7,0I( 

'i«n 

177— 


T.r,;  pradact  lor  year.. 

■  I  iriadMi  la  Ik,  m 
fruBi  l\vt  Rat  a  I 

i-5jj.tb..„ 


lUli 


m 


«;:—  4fi3,s4D 

l.TTt 

a,5« 

MM 

1,131-     I5,1MI 


ib:;  :!  

tk7»-» 

HTI-Tt, 

MV-TI 


Bala*. 

MU.W1 
4,170,388 

Mmja 

l.«74.4ftl 
4,a3MlT 
l.iM,Mt 
143t,«a 

T.M^IIW 

i*»-«r.. .......  t,oi«.ni 

Mi-ta, t,1M.H7 

IMI-4S BO  record 

.  t.au.0  • 

.  4.««»,TJii 

,Mst,4m 
,  «.iia,Mi 


Tear*. 

l8fiS-B7.. 

185Ma.. 


Yean. 

Hales. 

IMMt,... 

...  l.USLMl 

184IM1 

....  i.iai.w.^ 

183P-40..... 

....  f  l77,»Vi 

1838-at..... 

....  1,360,  Vd 

1837-38..... 

....  I,8nl,4n.' 

1S3S-3T..... 

....   I.t'M.'.WU 

l8SS-«k.... 

L.tiUP.'l.vj 

>un^^'. 

1  .-.1  ..») 

.1 

i  s 
.-.  ..i.ir 

)IH0-1I 

....   i,M7.8l8 

i;e»-.io,..  . 

....      876,815 

lS«-49.... 

....    sro,4is 

II«T-I».'... 

....     7i7,aM 

4*l,l»l 


Ik*  nnnrt*  tnm  Cli*rir<toA  ihl<  y«ar  ar»  ffto  follawine  piporU 

:  T.-  (.itifp.».i,  ia«;5  iMir.  I  mIxihI  ami  10  hai[»  Sc*  lalaul:  t/> 

Iplaadaojm  boo  Sea  Itlaod;  to  coaattnae  ports  I4.4SS 


Total  crop  in  the  Fnlted  Sutes  for  the  year  ending 

Hrptmberl,  187.5 3,832.!)9l 

Below  we  gire  the  toUl  crop  each  year  since  1838  : 

Bale*. 
.  S.na,BI9 
.  3.a<7,84% 

l.8IT,3:» 

W^M. t,<«lo.n*7 

IMMt S.Mi,8M 

H{MOi I.U4.Mt    l»l  ail 3,nA,0» 

U4»-U IflMTOS 

l84»-t«..,.,  ..    ».7*W98 

1817-18. (,«itrai 

IHid-dT,^ I  716.851  , 

I84V4(. «,I0ll.5l7 

1S(M5.,. «.39l.-'03| 

lft4S-44. s,nin.4m 

IKM-M. *,»7«.K7.'S| 

CaaaamplloiL,  Nortk  aud  .South. 

We  lait  year  obtained,  through  the  old  orgaiiixation  and  assistt,^ 
ance  of  tho  former  Secretary  of  the  National  Manufacturera' 
AaKidatioa,  fall  and  oomplvte  returns  of  the  consumption  of  tho 
ootton  mill*  of  the  whole  Tnited  States,  l>oth  Xorth  and  South. 
This  WMOB  we  hare  again  undertaken  the  same  work,  onjoyiag, 
M  before,  the  help  of  the  records  and  experience  of  the  associa- 
tion, but  haTing  only  in  a  supervisory  manner  the  ahl  of  ila 
former  offl««r.  It  is  needless  to  add  that  with  the  additional 
work  thus  thrown  upon  as,  we  have  found  the  preparation  of  T 
the  rrport  extremely  laborions.  And  yet  we  are  greatly  gratified 
by  tho  ready  and  hearty  assistance  which  in  so  larg«  a  measure 
kaa  been  axtonded  to  u.t  by  manufacturers,  givin<7  assuracce  of 
the  nsofalneM  of  the  work  and  of  the  necewity  for  its  continu- 
aaoa'j^aiOy^ar.  -Not  as  yet,  however,  aro  we  in  condition  to 
fantlsh  In  detttil  the  result  of  our  invoatlgatlons.  Probably  not 
befora  the  1st  of  November  ahall  we  be  able  to  issue  the  coni- 
plaled  tablee.  But  anilicient  retnrna  have  already  been  received 
to  give  a  fair  indication  of  tha  conclusions  which  will  ba 
reached. 

Of  one  fart  we  have  evideneo  In  these  manufacturers'  retumii — 
which  fact  also  finds  conflmiation  In  our  statement  of  consump- 
tion made  np  from  tite  crop — and  that  is,  that  estimates  of 
decreaaed  consumption,  made  when  a  short  time  movement  is  in 
prograoa,  are  not  nnfreqiiently  overstatements.  Like  the  re]>oits 
of  damage  to  the  growing  cotton  plant,  they  are  a|H  to  ba  an 
expreaaion  not  of  wliat  actually  is,  but,  in  part,  of  what  it  is  fearo^v 
may  be.  Then,  again,  little  account  at  such  a  time  is  usually 
taken  of  cirrumstanres  having  an  opposite  tendency.  As,  for 
instance,  in  times  lilie  the  present,  when  the  mass  of  the  popu- 
latloa  }ii  Mpiipiui»}]9if,  cojiper  goods  ''«conje  »9jte,j>o|j^^  w^ 


292 


THE  CHRONICLIE. 


[^piember  25,  1875. 


these  require,  as  we  all  know,  more  cotton  to  manufacture.  Then, 
again,  there  is  a  constant  increase  going  on  in  spindles.  This  of 
course  is  more  rapid  in  prosperous  times;  but  even  with  the 
dulness  and  prostration  of  the  past  year  we  find  a  very  consider- 
able growth. 

We  admit,  therefore,  some  surprise  at  the  conclilsion  to  which 
our  figures  appear  to  be  ttnding.  Previous  information  led  us  to 
expect  a  falling  off  in  consumption  in  the  North  of  about  150,000 
bales.  It  will  be  remembered  that  early  in  the  fall  of  1874  efforts 
were  made  to  have  all  the  Northern  mills  run  on  short  time,  but 
these  efforts  were  only  partially  successful .  In  October,  November 
and  December  it  was  intended  that  there  should  be  a  uniform 
reduction  of  one-third  ;  some  mills,  however,  especially  those  at 
Lowell,  did  not  accede  to  the  arrangement,  and  the  reduction  was 
unequal  in  those  which  participated.  But  the  average  falling  off 
in  the  consumption  of  cotton  for  all  New  England  was  believed 
to  be  about  25  per  cent  for  the  three  months.  Then,  again, 
though  early  in  January  most  of  the  mills  started  to  full  time 
by  the  1st  of  February  the  prolonged  winter  drought  and 
extraordinary  freezing  of  the  water-courses  so  reduced  the 
active  mill-power  that  the  best  authorities  estimated  that 
during  February  the  average  production  of  the  New  England 
mills  waa  less  than  two-thirds  of  full  capacity.  And  finally, 
since  February  the  goods  trade  has  been  so  bad  and  unprofit- 
able that  the  tendency  of  manufacturers  everywhere  has  been 
towards  shorter  time.  Taking  all  these  considerations  together,  it 
was  quite  generally  believed  that  the  North  had  consumed  about 
150,000  bales  less  than  a  year  ago.  But  our  crop  figures,  and  (so 
far  as  we  can  j  udge  at  the  present  time)  our  mill  return  j  do  not 
bear  out  this  supposition.  From  these  data  we  cannot  see  how 
the  decreased  consumption  as  compared  with  last  year  exceeds 
75,000  bales,  unless  the  mills  have  run  into  stock,  which  is  not 
generally  believed  to  be  the  fact.  As  intimated  above,  new 
spindled  have  been  added  to  some  extent,  and  the  weight  of 
goods  has  increased;  so  that  although  the  causes  mentioned  above 
would  have  been  sufficient  to  reduce  the  takings  125  to  150  thousand 
bales,  these  compensating  circumstances  have  made  the  actual 
consumption  much  less.  Should  this  prove  to  be  the  fact,  it  is  a 
favorable  one  to  the  producer  of  cotton  and  of  some  importance  in 
making  our  calculations  for  the  coming  year;  although,  of  course, 
since  the  first  of  August  there  has  been  a  more  decided  stoppage 
of  mills  in  certain  quarters  and  a  reduction  of  time  in  others;  while 
the  further  prolongation  of  unprofitable  business  must,  each 
succeeding  mouth,  tend  with  increasing  force  in  the  same  direc- 
tion. But  without  further  comment  we  now  add  our  statement 
showing  the  takings  for  consumption  during  the  past  year: 

Total  crop  of  United  St:ites,  as  stated  above bales.    3,832,991 

Stock  on  hand  commencement  of  year  (Sept.  1,  1874)— 

At  Northern  ports rj,S<!J 

At  Southern  ports a3,6U. —   108,153 

At  Providence,  &c..  Northern  interior  markets..  16,643—    124,795 

Total  supply  during  year  ending  Sept.  1, 1875 3,957,786 

Of  tliis  supply  there  has  been 

Exported  to  foreign  ports  during  the  year 3,684,708 

Less  foreign  inclided 3,867—2,680,841 

Sent  to  Canada  direct  from  West 6,691 

Burnt  North  and  South' 3,838 

Stock  on  band  end  of  year  (Sept.  1,  1875): 

At  Northern  ports 44,275 

At  Southern  ports 21,784—     66,059 

At  jerovidence,  &c.,  Northern  interior  markets. .  8,352—2,764,781 

Total  taken  by  spinners  in  United  States,  year  ending  Sept.  1, 1875. . 
Taken  by  spinners  in  Southern  States,  included  in  abore  total 


1,193,005 
130,483 


Total  takings  by  Northern  spinners bales.    1,( 


*  Burnt  includes  432  bales  lost  on  steamers  Vicksburg  and  South  Carolina 
(both  bound  for  New  York)  and  162  bales  burnt  on  Northern  railroads. 

The   foregoing   indicates    that   the   North    and    South   have 

together  taken  for  consumption  from  this  crop  1,193,005  bales, 

of  which  the  North  has  had  1,063,522    bales    and   the    South 

130,483  bales.     Some  cotton  is   every  year  used  in  the  North 

outside  of  mills,  though  the  amount  thus  hitherto  consumed  has 

not  been  large.     It  is  not  improbable  that  with  the  lower  prices 

such  uses  of  cotton  may  have   been  extended  the  past  season. 

The  total  takings  for  all  purposes  at  the  North  and  by  the  mills 

at  the  South  for  a  series  of  fears  have  been  as  follows: 


Taken  at  the  North 

Taken  at  the  South.  . . 


3869-70.  1870-71. 

Bales.     Bales. 

806,860  1,008,956 

.    9(1,000       91,440 


1871-72.    1873-73.    fes  74.     1874-76. 
Bales.      Bales.      Bales.       Bales. 
977,540  I,0«:i,466  1,177,417  1,062,522 
UO.OOO     137,66*      128,626     130,483 


Total  takings  from  crop.  896,860  1,100,196  1,097,540  1,201,127  1,305,943  1,193,005 
We  shall  not  at  the  present  time  attempt  to  state  the  exact 
consumption  of  the  Northern  mills  during  the  past  season.  It 
wrill  appear  in  our  aimual  spinners'  report  as  soon  as  the  neces- 
sary returns  have  all  been  leceived.    The  figures  for  Southern 


oonaumption  are  correctly  atated  above,  but  the  details  will  be 
reserved  to  be  published  in  our  completed  report  of  consumption 
for  the  whole  country. 

'Weisht  or  Bale«. 
In  seeking  to  obtain  correct  data  of  the  weight  of  bales  com- 
posing this  crop,  we  have  adopted  the  same  plan  which  we  have 
used  in  previous  years — that  is,  returns  from  the  Custom  Houses 
as  to  the  weight  of  exports.  A  statement  to  us  from  each  Cus- 
tom House  establishes  the  following  average  weight  of  the  ex- 
ports which,  applied  to  the  total  exports  from  the  points  named, 
gives  us  the  following  result.  For  the  cotton  carried  overland 
from  Tennessee,  &c. ,  we  adopt  the  average  weight  as  given  by 
the  Memphis  Cotton  Exchange: 


Exported  Irom 


Number 
bales 


Galveston 

New  Orleans.... 

Mobile  

Savannah 

Charleston 

Wilmington 

Norfolk 

Tennessee,  <&c. 

Total , 


Year  ending  Sept.  1, 1875. 


224,284 
995.270 
131,841 
423,236 
275, 1'O 
15,673 
67,21i 
446,674 


Weight, 
pounds. 


111,6,Tt,342 

460,627,286 
65.8H8,116 

19S,948,431 

124,685,770 

7,103.334 

80,219.133 

209,936,7:0 


Year  ending  Sept.  1,  '87 


Number 
bales. 


274,883 

1,147,314 

132.3S7 

429.571 

247,866 

6.333 

20,721 

489,534 


2,578,819  1,198,446,19J    468   2,748,089  1,288.748.171    469 


Weight, 
pounds. 


131,429,678 
53 ',059,188 
65,401,211 
201,468,679 
116,001,188 
2,930,961 
9,552,-260 
232,039,116 


>   V 


479 
462 
494 
469 
468 
447 
481 
474 


Now  if  we  apply  the  foregoing  to  the  total  crop  of  each  State, 
as  given  previously,  we  reach  the  following  result: 


Crop  of 


Texas 

Louii>iana 

Alabama 

Georgia 

South  Carolina. 

Virginia 

North  Carolina.. 
Tennessee,  &c. . . 


Year  ending  Sept.  1, 1875. 


Number 
bales. 


Weight, 
pounds. 


368,283! 
993.775' 
320,822; 
6a3,a46 
438,8971 
418,114 
101.715 
588,1391 


183,036.651 
45O,lS0,07.i 
169,76:1  3,')6 
283,6-2.'),62() 
198,'-20,341 
189,405,612 
45,7n,750 
276,42.'^,S30 


<^ 


Tear  ending  Sept.  1, 1874. 


Number 
bales 


Weight, 
pounds. 


186,362,635 
5114,424,476 
147,99  l,5:i2 
294.126,  K33 
2(15,074,792 
233,2li8,886 
25,879,068 
299,684,130 


sf 


479 
462 
494 
469 
468 
461 
447 
474 


Total  crop 3,832,991)1.786,934,766  468  4,170.388  1,966,742.297  _469 

According  to  this  statement  It  will  be  seen  that  the  total  gross 

weight  of  this  crop  reaches  1,786,934,765  pounds,  and  that  the 

average  weight  of  the  bales  is  468  pounds. 

Sea  lalaud  Crop  and  Consumption. 
The  crop  of  Sea  Island  the  past  year  has  been  as  follows  : 

Florida,  8,313  bales  ;  Georgia,  1,110  bales  ;  South  Carolina,  7,400 

bales;  Texas,  204  bales— total,  17,027  bales,  the  particulars  of 

which  are  set  out  below  : 

Florida. 

, 1874-75.- 

Eeceipts  at  Savannah bales  6,171 

Receipts  at  Charleston 1,809 

Receipts  at  New  York  . . . 
Receipts  at  New  Orleans. . 
Shipments   to    Liverpool    from 
Floi 


278 
11 


-1873-74.- 
4,8H2 
3,866 
19 


44 


Georgia. 

7,953 


torida  direct 

Total  Sea  Island  crop  of  Florida  8,313 

Receipts  at  Savannah 

DetJuct: 

Received  from  Florida 4,878 

Received  from  Florida  for  Char- 
leston   1,798 

Received  from  Charleston 

Received  from  Beaufort,  &c...     87*—   6,843 

Total  Sea  Island  crop  of  Georgia..  1,110 

Soutli  Carolina. 

Receipts  at  Charleston 10,223 

Receipts  at  Port  Royal 148 

Rcceiptsat  Savannahfrom  Beau- 
fort, &c 672-11,043 

Deduct : 
Received  from  Florida  direct ..  1,809 
Received  from  Savannah  and 
from  Florida  via  Savannah..  1,831—  3,643 


35 


7,636 


8,825 


304 

942-  6,128 


11,703 
133 

942—12,778 

3,593 

426—  4.019 


1,408 


Total  S.  I.  crop  of  S.  Carolina.. . 

Texas 

Receipts  at  Galveston 166 

Receipts  at  Corpus  Christi. aS— 


7,400 


8,769 
920 


201 

Total  Sea  Island  crop  of  the  U.S.  17,027  19,912 

From  the  records  we  keep  we  have  also  prepared  an  approxi- 
mate statement  of  the  genefal  distribution  of  Sea  Island  cotton 
for  this  year,  which  is  as  follows  : 


Ports  or 


South  Carolina... 

Georgia 

Florida 

Texas  * 

New  Orleans...     . 

New  York 

Boston 

Baltimore 


Total. 


Supply  year  ending 
Sept.  1,  1875. 


Stock 
Sept. 
1, 1874 


477 
116 


Net 
Crop. 


7,400 

1,110 

8,318 

204 


Total 
Supply 


7,877 

1,226 

8,313 

204 


How 

Distributed. 


Of  which  exported  to 


Stock  Cons'm-    -, 
Sept.    edand   J^.'^?* 
1,  1876  exp'ted.  B"'  '"• 


310 
42 


7,537 

1.184 

8,3  IS 

204 


17,027     17,620       382      17,238     13,189    1,907    15,046 


5,131 

1,924 
44 
93 
26 

3,787 
893 

1.241 


1,3.S9 
430 


138 


Total 
ex- 
ported 


6,470 

2,354 
44 
93 
Hi 

3,938 
893 

1,241 


September  25,  1875.) 


THE   CHRONICLIL 


293 


From  the  foregoing  we  see  that  the  Sea  Island  crop  this  year 
Is,  aa  BUt«d  abore,  17,037  bales,  and  with  the  stock  at  the  begin- 
ning of  the  year  S9S  bales. 

The  total  supply  has  been bales. .  17,620 

The  stock  at  the  end  of  the  year,  Sept.  1, 1876,  was 88*3 


leaking  the  toUl  distribated 17,238 

Of  which  exported  to  foreign  ports 15,046 

Burnt  at  Charleston 89— 15,085 


Learing  consumed  (or  otherwise  to  be  aeooonted  for)  in 
the  United  Sutes 2,153 

If  the  abore  export  fignres  are  correct,  oar  spinners  hare  con- 
•nmed  o(  Sea  Isiaad  cotton  this  year  3,133  bales,  leas  whatever 
(If  any)  stock  there  may  be  remaining  in  our  Northern  ports  in 
exoeaa  of  last  year.  We  hare  also  been  able  to  prepare  the 
following  Tery  nsefnl  table  showing  the  crops  and  morement  of 
Sea  Islands  since  the  war.  The  exports  are  beliered  to  be  a  rery 
close  approximation,  and  the  American  eonaamption  represents  j 
what  is  left  after  deducting  the  exports  and  stock  at  the  end  of ' 
the  year  from  the  year's  supply : 


noTements  o(  Cotton  at  the  Interior  Porta. 

Below  we  gire  the  total  receipts  and  sbipments  of  cotton  at  the 
interior  ports,  and  the  stock  on  the  first  of  September  of  each 
year: 


Year  ending  Sept  1,  1874.  i|Year  ending  Sept.  1, 187B. 


Receipts.  Shipm'U. 


Aosiuts 

Commbas  ... 

Macon 

llontgomerr., 

Selma 

Memuhl*.    . . 
TfuhTlUe 


ToUl,  old  porta . 


Shrereport. 

.\t]»i.U 

8t.Loala.... 
Cincinnati.. 


Total,  ni 
Total,  all.. 


Stock.  Ileceipta. 


M0,01' 
6I,JS9 
7»,»T4 
33,919 
ao.OK 
4t9.1B7 
101,547 


S5S,319 

•n.aoB 

M,750 
103,767 
19>,»«6 


431.315 
l.J'Q.eM 


185,741 
61,398 

tM.TW 
S9,eM 

4n,ooi 

lOO.Wt 


901,019 

TB,91S 
53.^56 
KHtW 
194,r— 


427,8M 

1,378.913 


5,488] 
1,036' 
1.8131 
6Bi 
588 
E,SS1 
8.48« 

18.8M 

170 

617 

t,B» 

6.114 


9,830 


118,380 
59,107 
67,747 
53,319 
7B,«l 

S».0O4 
97,06* 


Shipm'tg. 

1^9,960 
58,658 
to,  191 
68,707 
75,S65 

8»,sia 

59,604 


Stock. 


817.900 

89,044 
63,150 
134,031 
151,980 


3^164 


431,905 

1,U»,106 


818,548 

89,190 
6a,  9W 
136,303 
1^6,999 


438,794 


1,987,879 


485 
869 
619 
564 
9,578 
1,974 

7,484 

84 

315 

■257 

1,095 


1,811 


9,99S 


lS74.n 

itn-n 
1819-n 
isn-« 

I8I».» 


TMsL 


Baeetpto. 


noct- 


MU 


l«,M< 


vat 

«.iai 
i«,4n 

t,4« 


mjm 


(la 


1,110 
I.41S 

4.«t 

un 


Sealh' 
Caro-  T« 


MAS 


iM.m 


7,40* 

M,IM 
«.7M 
T.tU 
7J8I 

6,sn 
4.9ni 

11,«M 


MO 
l,MO 


ttt,« 


Mr 


Total  '  Ontt 
Britala 


Onott- 


17,0(7 
19,91  * 


1«.1» 

I4.M 
19344 

a.710 
is,an 
i9,7n 

wdjM 
19.015  I  t8/M 


tl,«0O 
t(.907 


ti,ns 


oujRo  !iM,om 


noiL 


1,901 
1.8R 


•t 
1,M> 
1,MI 


■.HO 


Total 

ex- 

pofts. 


lean 

nim|>- 
tkm. 


is.o«e 


U,9S4 
19.908 

94.ni 

tUMi 

ao,m 
is.ai 


stock 


Anc. 
31. 


9.1SS 

t,ua 

!,«•■ 

I, on 

I.VO 
l.«8 
1,«10 
1.9(7 
I.IOO 


18.141 


J*? 

090 

l,t«T 

no 

(16 
(08 

ni 

IM 
410 
486 


In  the  flrat  tabic  giren  in  this  report  will  be  found  the  foreiirn 
exports  the  paat  year  fVom  each  port  to  Oieat  Britain,  France  and 
other  ports,  slated  sepamtely,  as  well  as  th*  totals  to  all  tha  ports. 
In  the  following  wa  give  the  tout  foreign  exports  for  six  yean 
for  comparison  : 
Total  Kxyorta  af  Cotton  to  Voralsa  Forta  n>r  Mix  Taara. 


The  shipments  in  the  above  statement  include  amoonta  taken 
from  these  interior  ports  for  home  consumption. 

Oroas  Reeelpts  at  KTeir  Tork,  Boston,  dee. 

The  following  are  the  receipts  of  cotton  at  the  ports  named: 


Mew  Orleans*. 

Tcxaa 

Bavaaiuh   .... 

MobUe* 

F.oflda 

Honih  Carolina. 
NocthCaioUat. 
VMala 
NorUMn 


New  York. 


1874.18. 


114.H6S 

68.983 

lln.iSi 

ISTO 

SkSOO 

118.  ta 

89,736 

IB*,«I8 

porlsi  U,S« 

*     U8.9)8 


Total. 


1806,819 


1878-74. 


14*,6« 
49,999 

14l,>m 

6,919 

17 

149.743 
*t.6«; 

951.847 
UlOOS 

100,689 


m,iaa 


Boston. 


1874-15. 


36.891 

49.170 
90,7it 

nois 

61 

73.625 

74.018 

39,688 

130 

897,106 


1jT»-74. 


83.415 
14,971 
1S.«5 
:9J)66 

«l8U 

ssini 

108.961 
91,680 


490,899 


PUladelulila. 


1874-75. 

5.916 
4,184 
16.149 


15,64t 
14.1<6 
98,963 

89,161 


119,111 


1873-74. 


4  431 
»,876 
14.674 


90.9W 
8.989 
16,198 

1^4M 


B.Utimore. 


I814-7&, 

80 

18,775 


19,890 
18,9S6 
61,890 

8^isi 


81,196  190.533 


lSr)8-74- 


17,ai 


8,118 
17,618 
63,397 

6^481 
5 


118.167 


*  Tlwra  hare  been  •hi|>nMnt«  for  Mew  York,  Ac,  from  New  Orleans  and 
Moblla.  which  do  iiot  apoaar  In  tUa  stalement.  baring  been  nude  bj  raUraad, 
OTarlaod. 

Catrst  .nionttarn  anb  (Soininercial  (SiigltsI)  -Xemi 


rw>a- 
Maw  Otlwaa  . 


.1.1 


m. 


to 

t*n 


•oathOaraliaa.. 

OasnUa 

TUaa 


arr,074 

116,980 


an,in  i.i77.aas  1.M7414 

U7,9r7     1411140     imMi 


111, 


UMoo   ai.st*    iMjm 


Hfw  xflfk.  I 


4ia,i« 


TO 
6,417 

Mr,i8a 

8,006 

1.880 
ttAB 


sn^on 
iim 


:  Anc-  81 
WIS. 
1.M7414     9(6,9n 

\m,uo   \m;m    ui,84i 

l«M((     Mtjl98     9ri6.1«> 

mjm»   mtfn    mwrn 

910,410     r4J8i     •M.IM 


07419 
44Mr9 


7, 
871^4(0 

ii.ia 

8,»9( 


7«9       (0,791 


414 


Total  tnm  V.  IMi«ii.t.»aW7  a,M(.74(  LMTJIi  MnjH  M«M81  IAI.410 
Below  wo  giv»  a  datalled  statement  of  tha  year's  exports  from 

each  port,  showiag  tha  diraetion  whieh  Umoo  ohlpmaato   hare 

taken: 


To- 


M«w 

Qrt-M. 


eSaTMerd- 
ksppla^ 

Ae  

Mo.erBBr'pa 


Br^Ke. . 

MexiM. 

WasclM 

TWal_ 


7. 
M5 

urn 


Mo-      Oal- 


n.47»|ll(tM  tSi; 

7j(e 


U,1M 

MU 


UU 


MM 


Char. 

laal'Bt 


SsT'a- 


790 
IS,MT 


8,710 
9,736 

itib 

1.U0 


1, 

11.616 


186Jlol|«l,»M'«4,9O«'«».ll0lc,lUlM7«l44J*ri<6.7t)O 


i9,ai 


vim 


61', 

MOO 


Tark. 


7.1 

ii^ur 


4.1M 


Other 
Pofts* 


laijw 


MOOl 


l,nB,9M 


on 


Total. 


■ArK«ti(r  ««<1HAN4iB  A.T  LUKIUON,  AND  ON  LUNbOH 
AT  LATBKT  DATKS. 


BXCHAMai  AT  LONDON— 
BIPTKHBtR  la 


■XOHAHOB  OB  LONDON. 


•.in 

I9JB 

■8,00 

6,71s 

I0.771 

16.181 

6.»» 

8J07 

4.108 

111,900 

ao,uB 

9,901 


1.700 

81,IM 
1.180 


Aauterdam 
Aatwarp... 
Baabart... 

Paris 

Paris 

Tleaoa 

Bariln. 

franUort  . 
St.  Petarabarg 

OsdU 

Uaboa  .. 
Hllaa... 
Oanea..... 
Xanles  ... 
Madrid... 
Maw  York 
RlodaJaaelro 
■akia.... 

SoMKM  A  JIMm 


\is^. 


■oatavldao.. 

Boaibay 

Ohieotta.  .... 
Beat  Koag.. 


Bl^apare.. 


ihon.     li.t9Mail.00K' 
Boatha.  Itot   aUJi«J< 

"         96.4Swfi6.47X 
abort.    195.18    (ia.98 
SBonlha.  W.STXX  \\\AtH 
».»   I  iiau 

lOJO    I  Ja63 
H  6-lli  M  7-10' 
«»  M7X     I 

97.«K(   |fI.41J4 
r.41>t(  |17.47J< 


SepUlO. 


SaptlO. 


Sept  1. 
Sept  0. 
Sqit.10. 
Ang.14. 


«, 

Sept.  7. 
Sept.  1. 
Sept.  4. 


SepL  K 


abort, 
laioa. 


Smos. 


8  BOS. 


Smos. 


11.96 
9S.90 

w.n 

16.UX 

lii'.ao 
w.w 
10.88 

81  31-81 


16.90^16.(6 

48  80 
ft  89 


U.  IOWA 
Is.  10  l-10d8-16<( 

tt.Xd. 


SSMM, 


VtH 


i.»e 


777 
4,888 

9 


9,601,708 


fV—Wlnlsgl 


I  nlw  to  Urerpool 


iwlat  sMaaaals: 
irpool,  l,4B(  to 


to 

and  9,180  to  Ab- 


I  to  Urerpool,  877  In  Mota  Seotis  aod  9  10  Paral. 
I  to  LiTerpool  aad  1,4(6  la  Aalwarp. 


♦  lasii 
miai,^«t  HoyaL 


IProm  oar  own  eorraapondaat,] 

London,  Saturday.  Sept.  11,  llj75. 
The  ineroaae  in  the  demand  for  money  which  wat  apparent  last 
week,  and  which  was  due  to  the  arrival  at  maturity  of  the  inland 
paper  on  the  fourth  of  the  month,  and  to  the  renewal  of  a  large 
amount  ot  mercantile  paper,  has  now  sul>sided,  and  during  the 
present  week  the  applisitions  for  discount  accommodation  have 
been  on  a  rery  moderate  scale.  The  supply  of  money  is  still  very 
large,  but  the  improremeot  of  \  per  cent  which  waa  established 
last  week  haa  been  maintained,  the  open  market  quotation  for 
three  months'  bills  being  1|  to  If  per  cent.  The  official  minimum 
remains  at  2  per  cent.  During  the  week  00  important  feature  has 
prrseoted  itself  In  tbf  market.  The  mercantile  demand  is  still 
Tory  restricted,  and  owing  to  the  absence  of  new  schemes,  the 
requirements  of  the  community,  for  strictly  financial  purposesi 
are  much  below  the  average.  There,  has,  however,  been  an 
augmented  inquiry  for  foreign  gold  coin,  bar  gold  and  sovereigns 
for  export  to  HnllanU  in  connection  with  the  new  coinage  arrange- 


I  tm  ftoisilsss.  mx  kalas  to  UvarpooL 

inOTMa,atalostel>MoiaadlfloX .„.„>, „ „- 

ata  iklp—Hs  .r  IM»  Mss  I.  Umpool  sad  140  balss  K  I.Bd«i  <  ,^^'^^01  the«,  operaUons  have  had  no  material  influence  on  the 


2H 


/tB^ 


v; 


ONlGtE. 


[Septeml)3r  25, 18^6. 


money  nuLrket.  The/  have  naturally  tended  to  produce  firmoeBR, 
but  aa  tbey  are  insigniiicant  compared  with  the  vastuess  of  our 
supplies  of  unemployed  capital,  they  have  neither  excited  much 
'aAa«Bce  nor  attracted  much  attention.  Now  that  our  imports  of 
^JTAW  pYoduce  and  of  food  will  be«n  a  larger  scale,  the  commercial 
"demand  for  money  may  be  expected  to  improve,  but  at  present 
there  is  no  reason  to  believe  that  there  wilt  be  so  considerable  an 
incrctee  as  to  necessitate  higher  rates  of  discount.  As  the  rate, 
however,  is  very  low,  and  is  indicative  of  the  stagnant  condition 
of  a^irs  In  this  country,  any  legitimate  inquiry  which  may  arise 
tending  to  justify  a  higher  charge  for  discount  accommodation  will 
be  regarded  with  satisfaction  by  the  majority  of  the  community. 
The  rales  for  money  are  now  as  under : 


Per  cent. 

4  months' bank  bllU tJiSilJi 

6  months' bank  bills lJi®iX 

4  and  6  moutlia'  trade  bUle.  S    (g>'2>t 


For  cent. 

Bank  rate i 

Op«a*m»rket  rates ; 

SOandKOdAys'toUli l«aiX 

anionlbs'bllls.... l>i^l}i 

The  rates  of  interest  allowed  by  the  Joint-stock  banks  and  dis. 
count  housefl  for  deposits  remain  as  follows : 

Per  cent 

Joint-stock  banks .^...  i    ©..., 

Di8counthoaseBstaiUl...............i..'.]'i'.i<tl(;2U')f^.li9.T. 1    @.  .. 

Discoout  hoaseswithT  days'  notice , 1X&  ... 

Discount  hoasca  with  14  days'  notice.  ■ .   _ , liil^.... 

Annexed  ib  a  statement  showing  the  present  position  of  the  Banli 

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

the  average  quotation  for  English  wheat,  the  price  of  Middling 

Upland   cotton,    of  No.    40    Mule    yarn    fair    second    qualii] , 

and   the   Bankers'   Clearing  House  return,  compared  with  the 

four  previous  years  : 

1871.  1815.  1873.  1874.  1875. 

£  £  £  £  £ 

86,857,394    58,396,061 


Clrcnlatlon,  incladinK 


bankpostbiUs S5,297.963  86,530.760  26,291.140 

Public  depocits 5,934,645  8,001.8^7  6,902,138  4,753,629  4,729,189 

Other  deposits 20,129,518  20,32:3,631  22,178,3!Hi  18.874,448  23,674,0*4 

<iOYernment  sccarlties.  :3,970,005  13.306,411  13,^58,409  1-},S31,.376  13.555,140 

Other  socaritles 16,438,795  22,751,082  21,454,076  17,030,818  17,981,769 

Reserve  of  notes  and 

coin 14,423,619  11,611,718  13,177,780  11,745,772  15,476,85! 

Coin    and  balllon  Ic 

both  departments....  24,158,814  22,665,678  24,018,705  23,241,107  28,498,426 

Bank-rate Sp.c.  8>tf  p.  c.  3p.c.  3  p.  c.  2  p.  c. 

Consols 93X  'iiX ■  98Ji .  92Ji.  94>i. 

Bnglish  wheat 66b.  6d  5Is.  5d.  639.  4d.  49s.  9d.  499.  Sd. 

Mid.  Upland  cotton....           9>id.  10  3-16d.  8Kd.  8  l-16d.  ♦7(id. 


'"Nb.40nialeyarnfair  Sd 

".   qaallty Is.  2,^1. 

Cle&rinK  House  return.  84,463,000 


Is.  Sd. 
94,479,000 


is.  l«d. 
98,868,000 


Is.  OJid. 
93,659,000 


*llVii- 
89,184,000 


*  Prices  Sept.  2. 

The  rates  of  money  at  the  leading  cities  abroad  are  as  follows  : 


Paris 

Amsterdam 

Ham1>nrK 

Berlin 

Frankfort 

Viennaand  Trieate„-, . 
Madrid,  Cadiz  and  Bar 

CKlona 

Lisbon  and  Oporto.. . . 
St.  Petersburfi 


Bank  Open 
rate,  market. 
per  cent,  per  cent. 


4 

8 

s" 

6 
4X 


4 
5« 


3^ 

3 

4« 

4X 

4K 

4X 

6®9 

3X 

5X 


Brussels 

Turin,  Florence    and 

Rome 

litiipzig 

Genoa 

Geneva , 

New  York 

Calontta .  ... 

Copenhagon 

Constantinople 


Bank     Open 

rate,   market 
per  cent,  percent 
4X       4X 


5  4>i 

4  4 

4  4 

..-■  *xmx 

6V  .... 

5  6 
10  10 


There  has  been  a  moderate  inquiry  for  gold  for  export  to  Hol- 
land, and  about  £300,000  has  been  taken  out  of  the  bank  during 
tlie  week  for  that  purpose.  For  other  quarters,  however,  there 
has  been  no  demand.  The  silver  market  has  been  firm.  Fine 
bars  have  realized  48.  8fd.,  and  Mexican  dollars  4s.  7|d.,per  ounce. 

At  a  meeting  of  holders  of  Alabama  eight  per  cent  gold  bonds, 
held  on  Tuesday,  at  the  Councilhouae,  10  Moorgate  street,  resolu 
tions  were  passed :  1.  That  in  the  opinion  of  this  meeting  the 
holders  of  the  B  per  cent  gold  bonds,  issued  by  the  State  of  Ala- 
bama in  1870,  are  not  unmindful  of,  and  are  dispo.'ied  to  make  due 
allowance  for,  the  difficulties  and  embarrassments  under  which 
that  State  has  for  some  years  labored,  and  are  willing  to  meet  the 
Executive  of  that  State,  in  a  fair  and  equitable  spirit,  with  a  view 
to  an  arrangement  by  way  of  settlement  of  the  principal  and  inter- 
est due  in  respect  of  the  bonds.  2.  That  this  meeting  entirely 
approves  the  course  taken  by  the  council  of  foreign  bondholders 
and  the  committee  of  Alabama  bondholders,  acting  inconj unction 
with  them,  in  deciding  to  authorize  the  Commissioner  who  is  about 
to  proceed  to  the  United  States  under  instructions  from  the  Coun- 
cil, to  deal  with  the  executive  of  the  State  of  Alabama,  and  to 
endeavor  to  negotiate  and  mature  such  a  scheme  for  pettlement 
of  the  claims  of  the  holders  of  gold  bonds  of  1870  as  migbt  lead 
to  a  final  adjustment  of  their  long-pending  debt.  3.  That  the 
holders  of  gold  bonds  of  1870  are  willing  to  contribute  their  fair 
proportion  towards  the  expenses  incurred  by  the  Council  in  repre- 
senting their  interests,  and  takicg  measures  for  their  protection, 
and  that  a  few  more  holders  of  gold  bonds  be  added  to  the  Execu- 
tive Committee. 

On  the  Stock  Exchange  a  firm  tone  Las  prevailed  and  the 
majority  of  changes  have  again  been  favorable.  British  railway 
8h»res  and  all  sound  securities  have  been  in  demand  at  «  further  ' 


im{>rovement,  and  Erie  railrp^d  bonds  and  shares  have  attracted 
more  attention.  The  abuudancebf  money  naturally  has  an  import- 
ant influence,  providing  investments  and  fostering  speculation.  A 
feature  In  the  market  is  that  Anglo-American  slock  has  experi- 
enced a  heavy  fall,  owing  to  the  announcement  that  the  cable  of 
the  Direct  United  States  Company  lias  at  length  been  successfully 
completed,  and  that  Iju^ine'sk  will  be  commenced  with  a  lower 
tariff  on  Wednesday  next.  In  the  early  part  of  the  week  Direct 
Cable  shares  were  much  firmer,  but  on  an  apprehension  of  ruinous 
competition  between  thetwo  companies,  there  have  lately  been 
heavy  sales,  and  a  marked  relapse  in  the  quotations.  The  news 
from  the  insurgent  provinces  of  Turkey  being  more  favorable  to  an 
early  termination  of  the  disputes,  foreign  stocks  have  been  much 
firmer,  and  Turkish  and  Egyptian  have  advanced  considerably  in 
price.  Spanish  stock  is  also  much  better  on  the  more  satisfactory 
progress  now  being  made  by  the  Alphonsist  'forces.  The  closing 
prices  of  consols  and  the  principal  American  securities  at  yester- 
day's market  (the  Stock  Exchange  being  again  closed  to  day  for 
repairs),  compared  with  those  of  yesterday  W9ek,  were  as  follows: 

Rcdm. 

Cons(dg .„.. 

United  8tate^  68 1S81 

Do       5-80year8,68 1884 

Do       6s 1884 

Do       6s 1885 

Do       69 1865 

tJ.  8. 1807,$371,3-16,350  Iss.  to  Feb.  37,'69,  6s...  .1887 

Do       59 1874 

Do  fnnded,  58 1881 

Do  10-40,  5s 1904 

Louisiana,  old,  6s 

Do        new,  6s 

Do        levee,  81 
Do  do    88 

Do  do    68. 

MassachuBetts  5b 1888 

Do  58 1894 

Do  Sa 1900 

Do  6s ..1889 

Do  6b 1891 

Do  6s 1891 

Do  59,  scrip  and  bonds... 1895 


Sept.  3. 
94X®    .... 
109>s;8(110« 


106 
IDS 

108 


®ioejtf 

®I07 
®108)r 


105    @lC5>f 
104X@105>i 


Sept.  10. 

94>»®  94Ji 

109>i®110.H 


10BJ<@106JC 
106    ®ia7 
108    @108X 
....&  .... 

105  ®ia5)<r 

:04X®l06>if 

....&  ... 


.1875 


86 
25 

102 
108 
102 
102 
108 
102 
108 

Virginia  stock  6i!»...; 83 

Do  New  funded  63 1905      68 


@  85 
&  85 
®104 
®I04 
@ie4 
@ia4 

tl04 
104 
®10t 
@  36 
®  60 


25 

35 
108 
102 
102 
102 
108 
108 
102 
35 
68 


®  35 
@8& 
®104 

O104 
@104 
®104 
^04 

tlOl 
40 
®  60 


AMBBIOAN  DOLI.AB  BONDS  AND  SHABES. 


61  1^85 
35  ®  4S 
35  &  45 
UH&-  143t' 
30  ®  a8 

39  &  41 
65  ®  75 
88  .®  89 
88«a  89X 
98  ©100 


.  46 

loiiiaic'eii 

93  @  95 

26  ®  38 

24  a  26 

45  @  46 


61    @  52  51    @  58 


Atlantic  &  Great  Western  Ist  M.,  $1,000,  79. .  .1908     29    @  31 
Do  2d  mort.,  $1,000,  78.. 1902      13    @  15 

'  Di>  3d  mort.,  $1,000 1908       SJi®    6K 

Atlantic  Mississippi  &  Ohio,  Con.  mort.,  7s ... .  1905      48    @  50 
Baltimore  &  Potomac  (Main  Line)  Ist  mort,  6s.  1911      90    @  98 
.  do  (Tunnel)  Ist  mortgapc,  69, 

(guar,  by  Pennsylvania*  No.  CcntRailwaj').  1911      86    @  88 

CJcntral  of  New  Jersey.  con9.  mort..  7s 1899      96.!^®  97^ 

Central  Paciflc  of  California,  Ist  mort.,  68 18%     92    @  91 

Do^  California  &  Oregon  Div.,  Ist 

mortgage  gold  bonds,  fia 1898 

Detroit  &  Milwaukee  Ist  mortgage,  7s 1815 

Do  2d  mortgage,  8s 1876 

Krie  $100  shares 

Do  preference,  78 

Do  convertible  gold  bonds,  ?9 1904 

Galveston  Jb  Harrlsburg,  1st  mortgage,  6s 1911 

Illinois  Central,  $100  shares, .. 

Lehiiih  Vallev,  consolidated  mortgage,  6s 1933 

Marietta  &  Cincinnati  Railway,  78 1891 

Missouri  Kansa.'*  &  Texas,  1st  mort.,  gnar.  gold 

bonds,  Eu.glish,  78 19C4      48 

New  York  Boston  A  Montreal,  79 1903 

Hew  York  Central  &  Hudson  River  mortg.  bonds.. 

New  York  Central  $100  shares  

Oregon  <fc  California,  iBt  mort.,  78  1890 

do.      Frankfort  L'ommit'e  Receipts,  X  coup. 

Pennsylvania,  $.50  shares  

Do.  Ut  mort.,  68 IS80 

Philadclphtn  &  Reading  $50  shares 

Pittsburg  Fort  Wayne  &  Chicago  equipment 

bonds  (gnaj-.  by  Pennsylvania  Co.),  8s »» 

Union  Pacific  Land  Grant  l.st  mort.,  78 1839      90 

Union  Pacific  Railway,  Ist  mortgage,  6'8 1898      91 

AMERICAN  STEBLINS  BONDS. 

Allegheny  Valley,  guar,  by  Penn.  R'y  Co 1910 

Atlantic  &  Gt.  Western  consol.  mort,  Bischoff. 

certs,  (a),  7s ....1890 

Atlantic  <Sb  Gt.  W.,  reorganization  fcrlp,  78..  .1874 
Do.  do.       Icascdliuesreutal  trust,  78.1902 

Do  do.  do.  1873, 78,iyaj 

Do.  do.       Western  exten.,  Ss 1876 

Do.  do.  do.  7s,  guar..by  Erie  R'y. 

Baltimore  &  Ohio,  6s 1893 

Do  6s 1908 

Do.  6s 1910 

Burlington  Cedar  Rapids  &  Minnesota,  7s 1908 

Oairo  &  VinconncB,  78 1909 

Chicago  &  Alton  sterling  consol.  mort,  68.  ...1903 
Chicago  &  Paducah  Ist  mort.  gold  bonds,  7s...l9(B 

Clevel.irid,  Columbus.  Cin.  &  Ind.  con.  mort 

Kastern  Railway  of  Massachusetts,  6d  1693 

Brie  convertible  bonds,  68  ... 1875 

Do.  cons.  mort.  for  conv.  of  e.Ki8tingbonds,78.1980 

Do.  second  mort,  7s 1894 

Oilman  Clinton  &  Springfleid  Ist  mort.goId,78. .  1900 

Illinois  &  St.  Louis  Bridge  Ist  mort.  78 1900 

Do.  do.  2dmort.,78.  

niinois  Central,  sinking  fund,  68. ...' 1908 

Do.  do  63.  ., 189S 

Illinois  Missouri  ATejas  let  mort  7» 1891 

Lehigh  Valley  consol.  mort.  "A,"  69 

Louiavillo  &  Nashville,  68 19:;8 

Memphis  &  Ohio  let  mort.  7a  1901 

Milwaukee  &  St.  Paul.  l.st  mort  7s 1902 

New  York  &  Canada  R'wuy,  guar,  by  the  Dela- 
ware &  KudBt,n  Canal  acrii,.  (is 1934 

N.  Y.  Central  *  Hudson  Itiv.  mort.  bonds,  6s..l9a3 

Northern  Central  U'way,  consol.  mort,  63 19C4 

Panama  general  mortgage,  78 1897 

Paris*  Decatur 1898 


30  ®  38 
13  a  15 
6X@    6>i 

45  ®  50 
90    ®  98 

87  @  89 
99  ®  97 
93    ®  9S 

85Xa  S6« 
35    ®  46 
35    ®  4S 

i7xa  i8S(r 

35    ®  37 

46  ®  48 
6$    ®  73 
S7    ®88 
88>4@89X 
98    ®100 

48  ®  46 
....&  ... 
106xai06X 
93  @  93 
26  ®  88 
34  ®  86 
45    ®  46 


®10t 
®  93 


91    O  98 


99    @101 

90  @  92 

91  &  93 


lfl8^®10-3Ji 
87    @  89 
98    @100 
83    ®  85 

108    ®104 

10S>j'@!09J< 

88>i®  S9X 

98    @108 

74    ®78 


103  S1C4 

87  a  89 

9S  @100 

83  a  80 

103  ©105 

1C9  ©110 

89  &  90 

98  ©108 

74  ®  78 


*aj  6  CQupone,  January,  J878,  to  July,  1874,  mcluBive. 


Heptembrr  2.5,  1875.] 


THE   CHRONirLE. 


295 


WTlnaU  cnMKl  mort.  t*. 
Oik  eaiwoL  tlak'K  I 


Sept.  10. 
105    aiM 

S7    $98 


M 
Ul 


.s. 

.1110    lOB   &V» 

.        fa...   .IHB     ST    5  « 

PwMoMM  eon.  matx.  (Joao  "19  leaar.  bT  Phil. 

ARMaiBK,  fa ItU 

rUl.  *  bia.  MiMCt.  <siuue.  ky  Pau.aiL)  fa.  .laU 
D».         wttb  opUoQ  tu  be  paid  In  Phil.,  fa  ... 
Phil.  A  Brie  gen.  nion.(snar.  br  Penn.  HH.)fa.lSM     MMI 

PtaU.  *  Koxung  ceoerml  coBMl.  num.  fa llll    101 

Da.  fiipkBott.,fa tmf  m 

Uo.  (en.  mart.,  ISTt,  Krip,  fa M 

tenth*  North  AUbuMboada,  fa....   M 

8L  LwtitTaaaal  in  Bart.  (guar,  bj  the  UJinoli 

•    A8t.I«afaBrMgaao.)fa Mi     M   •  » 

Cnloo  PwUe  Bilhrn,  Omaha  Bridge,  fa. .  .  .MM     n   fi  W 

VnllcdNcvJener&iUwar  and  Canal,  fa IM   MS  SlOO 

l)a  dow  do.         do.  fa wi   W  •>« 

The  Board  of  Trade  reiBnia  for  the  moBth  of  Aaguat  and  the 
right  moDtha  ended  Augu«t  31  were  Usaedon  Wedueada^.  TUey 
•how  the  (oUowin^  remilla : 

mrorr*. 

isa.  i*:i.  187S. 

I*  Aa<(nat ££>.g!:4,ai«      £3UI7J»      «U.»a,HS 


la  eight  maoth* 


....    '.'4:>,9:0.M       St,(n«,8n       tUI,M6,186 


In  .\oi!n«t ,     i»l.«n,IN 

In  flKbt  month! lTl,«I,t»} 

The  etporta  of  Brltbh  aod   Iriah  produce  and  maaafaetures 

from  the  l/oiled  KingdoB  to  the  Cotted  Stele*  during  the  paat 

eight  mootha  ot  the  prewnl  and  pa«t  two  jeara  were  aa  followi : 


Ta  Foreign  W«*t  Indies 

To  Mexico.... 

To  Unitt-d  Slates  of  Colombia  (New 
Granada)    

In  transit 

TnBrazii 

To  Vmgnaj 

To  Arttentlne  Scpablle 

To  Chili 

To  Pern 

To  Chloaand  llongKong 

In  transit. 

1\>  Japan 

ToJava. , 

To  Philippine  IsUnds 

TaOibialiar 

To  Malta 

To  Britl.<(i  North  America 

To   Britleh   Wv«t   India   Islands  and 

Oulana. 

To  Brillsh  nnsaessions  in  South  i^'rint, 
tto  »rltlsh  ludW- 

5£S^::::-:::. ::::::.;:::::::::: 

Bancal... 

$<nll*  tSettleBtaqta 

^uanttt...  4 

Oejlon. 

ToAttstrslla 

To  other  conalries. 


1879. 
S,6M,000 
4,«61,700 


Alkali 

Apparel  and  alopa. .. , 

Bear  and  al«.... 

Oopper,  BB^ruaitht . , 

Covper,  wroogbt 

Omloo,  pieea  goods 
OaiUn,  la  liaaatt., 


on. 

£iiMtr 
turn 

UMt 


BaMheawara  aad  piaiajala. 
Uahardaaharr  and  aiUlavy 
d*  do  la  tw 

nasAwaieaad  eatlsfy 

Iron,  pif 

Iraa,  bat;  Mia,  boll  aad  nt... .  ..toas. 

Iron,  raflioad iou>. 

Ina,  hoopat  sbaau  *  boUar  pUla*.  lonii. 

Iraa.  tia  pMaa luus. 

bvs.  cast  or  wn«c«l  ions. 

Iioa,eld,for  isawaufanaia laB<. 

loos. 

Ac loas. 

s yd*. 

oQwr   Hmb   loaimo. 

.  . raise. 

PkpOT.wHUacol^rial'c*  earalapca.cw  t. 

Papas;  eOMT  UMla,  sxcapl  papar  hacg- 

lat*.A< cwt. 


nt^  broad  alaA. 

nUfc  rli 


1»TI. 
t.SIMI* 

ni 
nt 

af;,iBi.M0 
n,ua.Mii 

tffjm 


t*M,MT 

£flT,SSS 

lU 

(1M8.M4 


uxjm 
iijSn 


*•« 


£Mt,SM 

• 
«.iu 

MM 

17,MI 

7.ias 


1<,«M 


ujtm 

7ikMI,llT 

tun 


.  .jd 

.Talai 


Dboasof  all  kinds... 

UlherarUtfeaefallhairtT 

Aftidn  or  silk  A  olbfT  aaurlaia.  rata*. 


nM*i 


SpMU.  British  sad  frfsh. 


WarMadstafli 

^orstsd  staC>.  In  tnasli . 
Carpats,  aa(  bd»(  ng%  .. 


.fsl.. 
...rale**. 

cwt 

Ihs. 

...    J.I.. 

T'!». 

J'l» 

)d«. 

..       jOs 


tmjm 

1.M4.ll> 


Xia.SM 

t^.tm 

«■.«« 
CNiim 

*Mll 
t,taja 
i,a)MO 


(.11 
t,no 

lU 

n,«4t,soa 
£inj«o 

*,MI 

4.MI 
111.411 
■li.»«7 

ieit.ni  I 
e«.7M 
£tt,ai« 

£t«.«l« 
lt.»t 

t.t;«.«aa 


1S,S»,«I» 


Total  nnbleached  or  bleached n8,Ul,87a 

Total  priuled.  dyeti,  or  colored 91,511^908 

Total  of  mixed  nulcrialt,  cotton  pre- 

dominaliag 1,881,809 


ISH. 
6,!)M,0(K) 

.\181.100 
1I,.VM,1),M 

).ia»,<tKi 

4,38i,K00 
4, 1*1,  WO 
1.;6!),3IH) 
St.lM.SOl) 
i.tai.TOO 
l.*41.S00 

2,';r2.8oo 

l,:'.3r,000 
2,M4.1iO0 
l,*il,O('0 
8  857,300 

8.741,100 
2,«I,8'J0 

19,701.9110 

4.i.3r,-.n)0 

5i.4T:!.0OO 

(j,o)il,010 

!>»:<,4II0 

S.Ol-i.lOO 

l,rH),7r)0 

16,57.1,  re-i 

S(10,715,«08 
8l,il7,3BS 

1,S60,.3«8 


1815. 
8,«0,«fl0 
4,008,600 

1,119,700 

* 

l^,8.^1,800 
tss.'oo 

2,580.500 

4,-ji9,ano 

4,159,400 

a3,5n,»oo 

1,.5»5,000 

3,:m.soo 

1,655.700 

l,8>n.600 
4,7a,000 

1,643,700 
3,107,900 

19,458,900 
4,8.17,41)0 

6'].  181,100 
5,312,700 

• 

9,965,500 

1,739.500 

M,014,700 

SOI,  187, 100 
6^063,700 

1,110,100 


Total. , 111.193,587        *!>«,»1,359       J8«,180,90C 

Otber  manafaetarcB  ol  cotton  show  aa  follows : 

Lacs  and  patent  not £;tl.031 

HoaUtT  of  all  aorta Ma7S9 

Thrnad  for  sewlne lbs.     WI.710 

Othar  Biaanfactana,  uaenamerated £108,987 


£III.KI1 

90.018 

I3».957 

£91,153 


iaa,M6 
874,!N7 
£TSt«a6 


Total  ralas  ot  cotton  manursctnrea.£S,S05,7t7        £t,9ti,ni       £1314.145 

•  aiaes  Jaaoa^,  Mn,  the  leciatratlon  of  the  indirect  trade  to  these  conn- 
Mas  has  bean  dlsedBllBaed,  and  the  gooda  are  now  carried  to  the  reapeeUre 


ot  alUaaala  daatlaaUoa. 
The  Importa  and  exports  of  cotton  darias  the  month  of  Augiut, 
1879,  aa  eompared  with  those  of  1S73  and  1874,  were  as  follows : 


rroai 


ixroars  or  vottok  ui  auousT. 

un. 

cwta. 

United  (Kataa 181,(81 

Braall aS,«84 

Tnrfcer 9 

KsTM MOIS 

BritUh  India I97.0is 

40.W4 


.Iba. 


Illi. 


ims 


Baljaiart  an  iha  pArtleolara  »f  th*  nporta  «f  eoUoa  yn , 
<»*t"C«»dfch»<r  thm  omBUtea  to  whkb  ihaaa  cxperta  haw  bean 
made.  Aniog  tlte  ooath  of  Aa^nxt,  1871V «Mnp*r*d  *iib  Um  oorre- 
•pondioi;  month  in  1873  and  1874 : 

■zroBT*  a*  oorToa  Taaa  m  acscrr. 

ToBoaaia ^, 

To  Ofvwvaar .,.^... 

To  n>dl«Bd 

Torivi«a 

_    .    lainaali 

Tolta'.y 

To  Anstr  -«  ,    ' 

ToTark  

To  Kioi.i  , 

In  lran«it 

T"  nUra  and  llone  KoM. 

To  Japan „.. 

T«Brillah  Is 
Bombay., 


I41.M9 


Ontoa 
Taothare 


MMM 

gum. 


«,sii5w 

1.MM00 

M5» 

•M,«0» 

^ 

i.i«B,aM 

iL«a«H 

na.Mio 

9«t.«M 

i,«ia.n» 

»i|.sna 

•SiS 

19^901^ 

*•«» 

9aa,»a 

m.-nt 

tm,m 

•77.9«1 

MH-faO 

i.ssi.toa 

M14i» 

Ttijoa 

1I170B 

ifT.im 

M,W 

T,«n 

IJOt.tt( 

i.ni,oao 

TolaJ 81T.9M 

Bxroara  or  oottok  la  airatiBT. 

Ta  llasaia,  aartfeaa  pacta 10.734 

ToUsmaar It4'l 

ToHollaad M,4I1 

TaBslglam v.. M.IU. 

ToVranes - >..  M,IW 

To  olhar  coanlrlaa IB,MI 


1871. 

rwts. 
19S.418 

S8.3«S 
9l« 

15.S81 
451,585 

17,«» 

'7io,«94 


SM,N1 


98,984 
8l,7«9 
Sl,59« 
80,044 
19.7*4 
99,911 


Total 10.atl  9W,819  I«*,f78 

The  ioUowing  Ogaret  relate  to  the  eight  montha  ended  Aog.  81 : 


laMWrts  of  cotton cwt. 

Xxpartsof  cotton cwt. 

Bxports  of  cntinn  fsm lbs. 

XxBorUor  eotloa  piece  goods.,  yds. 

Kiportsof  iron  aadatad tons. 

KuarUof  llasa  yarn lbs. 

Eiponsor  llnan  piece  foods... yds 
KsaactaarjataamaaCactsre«...yda.  .      . 

KxporU  of  silk  msoorsctares £l.rA4n 


l.»IMB» 

' i».oitj9b      ia.m.801      n.wi.im 

Ttie  followioir  were  the  qaaotllieaof  cotton  manafactared  piece 

|t«ods  exportad  froa  Iba  United  Kioxdom  in  Aufrntl,  compared 

with  the  eorraapondlnff  period  in  lite  two  prec«!dinjr  yeara : 

_  181.  i<ri.  18W. 
Tarda    4.aK,M< 


ToBsSaSTl 

Ternaea , 

la  Ifaaall 
Tarsna^l.  Aaanm.  aaat  MaMra 

j»  Italy 

ToAaaMaalarrlfaitsa 

TjQnsn 

ToTWhay    

ToBcrpt ;; 

la  tran'll . 

ToW.-if;/>a«lof  ATHcB.!." 

To  l.'nitrd  Stal 
la  Iraasit, 


t!mji» 
*jmMn 

MIUIO 

IJ«M9B 


IWI. 

4  18I.100 
5.5«.90O 

i,9ai.r 


4,S9^M0 


iijn,ia9 

14.fln8Bl 

i.«aK«B» 
«,«a.4ao 


1.M4.M 

n,oi».ioo 

9,171.400 
1441.M0 
9.907.50) 


MI1«0 
O4\890 
9.«91.80a 

• 

8,917,800 
t.9W,1M 

:.9e4i.Boo 

1  455.908 

90.^44.  too 

1 1. r^,  400 

• 

9.t94.tnO 
10,001,609 


1873. 

1874. 

1875. 

1.457.591 

lO.O&l.OM 

9.907,071 

1.178.8M 

1.6W.85S 

l.!«,!48 

lll.790.«» 

149,485.477 

139,938,100 

1.111.987,771 

1,849.778,183 

9,339,084,300 

1,031.197 

1.608.953 

1.818, 441 

19,47%.*51 

18,950.815 

18,'.«6.IM1 

149.504.401 

187.505,913 

IU.SM.%1) 

10.9I5,W 

7i,4lr7.»80 

'    ' 

£irA4n 

£1.407,101 

«.W7,4I1 

8,919,199 

.■  ■  . '  '^ 

88.718.3(8 

«7.68B.0(8 

108,851,898 

9l.n0,4»l 

1I,454.17K 

MJM»,hM 

98,007.515 

97.*»J.'WJ 

99.011.000 

«»,«i,7« 

181,418,787 

178,898,100 

8,990,707 

3,810.1«5 

4.374.000 

4.8;a.«99 

4,1101,818 

4,'5*,»U0 

a,»<l.35S 

6,«3,597 

5,4l»,»X) 

ThataaallUaaaad 
laiaadad. 


plaead   !• 
laiaadad. 


■caoanl  af  thote 


of  jrooda  in  tiaailt  < 
coggtrto*  for 


'  rIo«  are  now 

ire  ultiaMlcly 


Bxportaof  wool.  Brillsh .lbs 

Kxportaof  wool,    colonial    »'«' 

Kapartaef  won'lea  yarn lbs. 

Bspan-or  woolra  doib yds. 

Biportsof  wor»i«d  atairt yds. 

Baporu  of   bUnfcst*  sna  blanlcet- 

Baparta  of  dannela Tds. 

Bxporta  of  earpeU Xds. 

Tb«  weather  haa  been  very  faTorable  for  the  completion  of  the 
barEttt,Wi  tn  the  middle  and  southern  coanties  ol  England  very 
'itile  now  remaina  to  be  done.  The  snpplica  received  at  market 
cunflrm  the  rvmarks  which  have  alrea<I;  been  made,  there  beings  a 
marked  deficiency  of  fine  produce.  Millers  anticipate,  however, 
liberal  supplies  from  abroad,  and  hence  they  are  cautious  in  their 
operations,  and  iho  trade  Is  slow.  Prices  have  not  varied  to  any 
important  extent  during  the  week.  Choice  wheats  are  firm  in 
price  :  but  were  sales  of  inferior  produce  to  be  pressed,  lower 
pricea  would  have  to  be  accepted. 

Annexed  is  a  return  showing  the  imports  iind  exports  of  grain 
into  and  from  the  United  Kingdom  during  the  first  week  of  the 
new  season,  compared  with  the  corresponding  week  of  the  pre- 
ceding three  seasons : 

IKTOBTS. 

1875.  1874. 

ITbeat  ewt.  1.75:1,785  1,191,010 

BarUr      'SO-fM  '"*.>«« 

OaU               199,054  189,519 

SaaV.'..' «.««  '",141 

Sini. nm  41.488 

IndlanC<iii    "'■'^  "'*•■'*'« 


1873. 

1879. 

98.'.,-f.? 

l,Ofi5.0S7 

91.4^8 

a;  8.  BIB 

S«4.(S17 

a»i.i7o 

51.5:3 

98.480 

87.763 

kmh 

597,907 

707,593 

48,658 

53,919 

296 


THE   CHEONICLE. 


[September  25,  1875. 


BXFOBn. 

Wheat ewu  1,14S  1^0  1M.9B0  7,877 

Barley IOC  9S  8fil  89 

Oats aoi  310  l.tSO 

Peae S49  1^1  118  84 

Beans - ....  ....  ....                

Indian  Corn SI  S,«85  B.MS  S64 

Plonr 738  S^SM  5,S«8  IH 

The  import  of  wheKt  into  the  United  Kingdom  last  week,  as 
shown  in  the  above  statement,  is  believed  to  have  been  the  largest 
on  record. 

I  have  prepared  the  following  tables  which  show  the  value  of 

oar  imports  of  grain  in  the  two  last  seasons.    It  will  be  seen  that 

for  wheat  we  paid  in  1874-5,  £5,600,000  less  than  in  the  preceding 

season  ;  but  that  for  feeding  stuSs,  excepting  Indian  com,  we  had 

to  disburse  considerably  larger  sums: 

, 1874-76. . 

Wheat  Barley.  Oats.  Peas. 

£  £                         £  £ 

September ., 2,288.060  569.888  862,654  28,201 

October 1,948,666  868,888  886,728  20,946 

NoTember 1,883,408  B:i,4S8  410,870  113,114 

December 1,851,147  531,883  469,488  160,674 

January 1,355,868  574,648  294,.360  63,749 

Febrnary 1,217,764  524,260  269,814  39,963 

March 1,122,280  .33.3,817  i42,2)4  84,277 

April 1.892,788  .395,198  47t.,341  39,143 

May 2,134.668  308,016  871,7^0  ft^,939 

June 1,906.600  266,389  447.007  148,082 

July.. 2.768,209  263,543  823,742  6.3,494 

August 3,231,684  311,048  574,483  33,779 

Total 22,937,019  5,537,230  6,404,938  834,341 

Beans.  Indian  Com.  Flour. 

£  £  £ 

September 78,64!  6.34,647  847,767 

October 161,887  379,347  896.3?7 

November 95,906  261,474  838,669 

December 78,777  817,199  378,135 

January 76,187  591,884  416,011 

Febrnary 75,859  «ra,79t  406,197 

March 177,661  666,178  3;o,040 

April 132,485  470,968  859,14! 

May 165,674  888,088  897,145 

June 176,135  778,891     ■  247,552 

July 114,624  614,674  396,004 

August. 128,766  871,518  487,051 

Totol 1,394,444  7,095,489  4,540,389 

. 1873-74. , 

Wheat.  Barley.  Oats.  Peas. 

£  £  £  £ 

September 2,018.811  288,336  835,170  47,674 

October 2,991,031  397,418  2(]8,846  2.3,953 

November .2,628,958  312,844  333.065  25,832 

December 3,0S8,660  ,388,174  488,810  56,169 

January 2,5.36,275  351,146  363,175  22,914 

February 8,384.871  540,462  480,943  53,3^6 

March 2,03.5.968  821.515  808,800  62,400 

April 1,678,642  494,015  377,111  69,922 

May 1.59.1.295  361120  460.376  78,834 

June 2,551.628  255,674  611,656  67,664 

July 2,915,957  202,636  434,925  139,8fi0 

August ..  2,197,368  17S,109  576.665  40,129 

ToUl 28,656,564  4,090,843  4,919,442  668,737 

Beans.  Indian  Corn.  Flour 

£  £                              £ 

September 122,842  897,325  358,772 

Ociobtr 142,694  614,385  478,829 

November ►0,762  806,988  410,673 

December 136,740  638,609  579,585 

January  ...     90,365  416,751  662.8*9 

February  .     137,138  398,941  729.907 

March 112,.^85  479,.386  672.394 

April 71,861  599,334  487,998 

Mny 66,637  912,939  400,118 

June 96,423  887,968  639,15.! 

July 75,750  928,187  6.39,496 

August 67,941  1,268,425  3:6,64) 

Total 1,19C,778  8,248,818  6,076,431 

The  above  figures  afford  the  following  result : 

1874-5.  187.V4. 

Wheat    £22,937,019  £28,566,564 

Barley 5,537.230  4,090.843 

Oats 6,404.9.35  4,919.442 

Peas a34.341  668,737 

Bians  : 1,314,444  1,190,7T8 

IndianCom...  7,095.489  8.248,818 

Flour 4,540.-389  6,076,431 

Total £47,743,847  £53,751,613 

It  follows,  therefore,  that  in  the  season  just  concluded,  we  paid 
about  £6,000,000  less  for  cereal  produce  than  in  1873-4. 

Accordiug  to  the  official  return,  we  imported  5,745,774  cwt.  of 
wheat  into  the  TTnited  Kingdom  in  August  last,  of  which  2,230,644 
cwt.  were  from  the  United  States  and  1,292,198  cwt.  from  Russia. 
In  the  same  month  last  year  the  former  country  contributed 
1,843,658  cwt.,  and  the  latter  only  388,241  cwt.  From  all  quarters, 
the  receipts  in  August,  1874,  amounted  to  3,819,777  cwt.,  and  in 
1873,  4,242,803  cwt.  Of  flour  the  month's  imports  were  .585,175 
cwt.,  against  355,927  cwt.,  the  Unitpd  States  contributing  242,241 
cwt.  against  244.754  cwt.,  and  France,  130,177  cwt.,  against  26,555 
cwt.  Of  barley,  the  imports  in  August  were  826.788  cwt.,  against 
384,656  cwt.;  of  oats,  1,382,225  cwt.  against  1,269,293  cwt.;  peas, 
75,087  cwt.  apainst  91,738  cwt.;  beans,  288,587  cwt.  against  135,331 
cwt.;  and  of  Indian  com,  2,165,056  cwt  against  3,188,986  cwt.  last 
year.  The  estimated  value  of  the  wheat  imported  in  August 
was  £3,231,634  against  $3,197,368  in  1874  and  £3,670,333  in  1873. 


BaKllali  mmrket  Reports— Per  Cable. 

Thednily  closing  quotationsin  the  markets  of  London  and  Llvef' 
pool  for  the  past  week  have  been  reported  by  cable,  as  shown  in 
the  following  summary : 

London  Money  and  Stock  Market. — American  securities  have 
ruled  steady  throughout  the  week. 

The  bullion  in  the  Bank  of  England  has  decreased  £538,000 

during  the  week. 

Sat.  Hon.  Tnes.  Wed.       Thur.  Frl. 

Consols  for  money 94  7-16  94  7-16  94  7-16  94  7-16  94  5-16  94  3-18 

"      account 94)^  917-16  94  7-18  94  7-16  94  5-16  94  3-16 

a.  8. 6s  (5-80S,)  1868,  old.l06H  106^  106X  I06X  <06X  106>^ 

1867 107X  107X  107X  107Ji  107X  107X 

0.  S.  10-40S 105  108  105  105  105  106 

Kew  Bs 105  108  105  105  105  105 

Tbs    quotations    for    CTnited    States   new    fives  at    Frankfort 
were: 
U.S.newflves 99X 

Dinerpool  Cotton  Mar  kit. — See  special  report  of  cotton, 

Liverpool  Breadetujfs    Market. — The  breadstuffs  market  closes 

dull,  and  lower  than  a  week  ago  on  wheat  and  com. 

Sat.  Mon.  Tnes.  Wed.  Thnr.  Frl. 

s.  d.  a.   d.  s.    d.  s,  d.  s.  d.  s.  d. 

Flour(Wes[em) VbbI  24    0  240  840  240  84    0  240 

Wheat(Red  W'n.  8pr).i»ctl    38  88  86  86         86  86 

"      (Red Winter)....    "    10    0  10    0  9  11  9  11         9  11  9  10 

"      (Cal.  White  club)  "    11    0  11    0  10  10  10  10  10  10  10  10 

Com  (W.  mixed) 'P  quarter  SO    3  800  29    3  290  290  890 

Peas(Canadian)..«  Quarter  41    0  41    0  41    0  41    0  41    0  41    0 

Liverpool  Provision)  Market. — Prices  of  bacon,  lard  and  cheese 

are  higher  than  on  Friday  last. 

Sat.  Mon.  Tues.  Wed.  Thnr.  Frt. 

8.  d.  s.    d.  s.   d.  s.   d.  s.  d.  s.  d. 

Beef  (mess)  nev  V  tee 600  600  600  600  60    0  600 

Pork  (mess)  new  Wbb!...         77    6  776  776  776  77    6  77    6 

Bacon  (long  cl.  mld.)fl  cwt    52    6  62    6  62    6  58    0  PS    0  63    0 

Lard  (American)  ...     "         58    0  59    0  61    0  61    0  61    0  61    0 

Chpese(Amer'n  fine)    "         49    0  49    0  49    0  49    0  SO    0  80    0 

Liverpool  Produce  Market. — Refined  petroleum,  tallow  and 
spirits  turpentine  are  higher  than  on  last  Friday.  Other  quota- 
tions unchanged. 

Sat.  Mon.  Tnes.  Wed.  Thnr.  frl. 

B.  d.  B.  d.  s.  d.  s.  d.  s.   d.  s.  d. 

Rosin  (common)...  ficwt..    60        SO  80  SO  SO  50 

"     (pale) "        16    0  16    0  16    0  16    0  16    0  16    0 

Petroleu.n(refln6d)....*ga!         9X          9X           9'4           9X           9H  9.V 

(spirits) "           lOX        lOK         lOX         lOX         10%  10,¥ 

rallow(American)...»  cwt.  46    6  46    6  46    6  47    0  47    6  47    6 

Clover8eed(Am.red)..     "370  370  37    0  37    0  370  370 

Spirits  turpentine "22    6  230  83    0  830  830  830 

London  Produce  and  Oil    Markets. — Linseed  cake  has  gained 

5s.,  while  linseed  oil  has  lost  3d.  during  the  week. 

sat.         Mon.       Tues.  Wed.  Thnr.  Frl. 

£    8    d.  £    s.  d.    £    s.  d.  £  8.  d.  £    s.  d.  £    s.   d. 

Lins'dc'ke(obl).1?tElO  15    0  10  18    0    10  15    0  10  IS    0  11    0    0  U    0    0 

Unseed (Calcntte)....      49    3       49    9         49    9  49    9  49    9  49    9 
Snear(No.l8D'chstd) 

on  spot, « cwt 88    6         22    6       28    6  82    6  2i    6  22    6 

Snermoil Stun. 94    009400  94    00  94    00  94    00  94    00 

Whale  oil '•    34    0    0    34    0    0  34    0    0  84    0    0  34    0    0  34    0    0 

Unseed  oil. ...tp  cwt.      249         249       246  249  84    6  246 


(SJommcrcid  anh  Mx5tt\\antons  l^ms. 

iMPOHrs  AND  Exports  for  the  Wbbk. — The  Imnorts  this 
•reek  show  an  increase  in  both  dry  goods  and  general  mer- 
chandise. The  total  imports  amount  to  |5,762,468  this  week, 
against  $4,380,193  last  week,  and  $5,770,713  the  previous  week  . 
The  exports  are  $4,630,233  this  week,  against  $3  563,349  last 
week  and  $6,346,165  the  previous  week.  The  exports  o f  cotton 
the  past  week  were  3,781  bales,  against  775  bales  last  week. 
The  lollowingare  the  imports  at  New  York  for  week  endinir{for 
iry  goods)  Sept.  16,  and  for  the  week  ending  ffor  general  mer- 
chandise) Sept.  17 : 


rORBIAN  tICFOBTS  AT  H>W  TOIIK  FOB  TBI  WEKK. 


1878. 

Dry  goods $3,498,058 

Qeneral  merchandise...        4,594,836 


Total  for  the  week. .      18,088,294 
Previously  reported 316,529,866 


1878. 

12,845.146 

8,988,700 

t«,773,846 
290,635,362 


1874. 

t2.431,288 

4,238,664 

16,669,952 

288,767.563 


1875. 

$2,133,077 

3.529,891 

$5,762,468 
215,857.918 


Since  Jan.  1 $324,616,160     $897,.309,808      $896,437,615    $851,680,381 

In  ourraport  of  thedry  goods  trade  will  be  found  the  imports  of 
dry  goodsfor  one  week  later. 

The  following  is  a  statement  of  the  exports  (exclusive  of  specie) 
fromthe  port  of  New  York  to  foreign  ports, for  the  week  ending 
September  31  : 

(ZFOBTs  rsox  mw  tobk  tob  thb  wbbk. 

1872.  1873.  1874.  1875. 

Fortheweek «6.283,188        $6,501,.318        $4,354,724         $4,020,238 

Previously  reported....      166,603,554      808.171,969       298,359,021        ir,8S8,970 

Since  Jan.  1 $161,786,682     $208,673,287     $212,713,745     $181,909,208 

The  following  will  show  the  exports  of  specie  from  the  port  of 
New  York  for  the  week  ending  Sept.  18,  1875,  and  since  the 
beginning  of  the  year,  with  H  (comparison  for  the  corresponding 
date  in  previous  rears : 


September  2S,  1875.] 


THE  CHRONICLK 


297 


■apt.  IS— Str.  BothaU JJnrpooI JUTerbu* $ai3,&0a 

8«pb  1(— Sir.  Wialuid Jx>Ddon BUrerbv* 67,nO 

Jftxlcu  (UTcr  dol..        13,800 

Totil  tarOa  wade 

PrartottrtjrfBportad.... 


tMa.i«o 
a,4So,on 


Total  rino*  Junarr  t.  Un tta,1ti.Sn 

Bam*  tla«  u—  I     Same  tuaa  in— 

UM •M.saKslism ««.8m.iM 

um ii.'iii.ns  1 18«8 «,n8,iM6 

ma K.Sa8,JW  1 1S«7 «M»4.4W 

im aM18.601|lgM ,    U.a6S,«M 

ig«L «.'»Mul 

The  Imports  of  ipaeio  at  tbia  port  dnringrtha  past  weak  hsTe 
basaasfollowa: 


ScpL  1»— Str.  Colambu Harana... 

8<pc  1ft— str.  Cttj  of  Naw  Tork.HaTana  .. 
Bepc  U— Bark Coraeoa Coraeoa... 


.Gold ^  tlSTJSO 

.Ootd »  80.006 

.aUrar SM 

XKO 


ToUI  for  the  week  tKO.818 

PrarioaalT  reportad M8S.fiO« 


Total  alnee  7aa.  1.  Un.. tS.nS.«4 


8aaMllmal»—                                      SamsMaaia— 
UTM KOMLVro    ia» $«.C87,4»0 

IKJ t,n«[.aM  IMS :i.oii.«i 

1«W Xmt.tK   1388 vmjM 

wn T.a88,iM 

NATloif A.L  TaCASUBT. — T&e  tollowinif  fonns  present  a  aam- 
Diarr  oieertsia  weekly  traaiaetions  at  the  National  Treasary. 

l.-^ecurttiea  huld  by  the  0.  S.  Treasurer  in  traat  lor  National 
Banks  and  balancf,  in  theTreaaarr 

OoiB  car 

Weak  For         For  D.  S.  ,-3al.  lo  Traaaory.^    tlleatea 

aadiat    Olrcalatloa.  Daooalts.       Total.  Oo<b.      CnrraacT.  oatat'd's 

Sept.**..  SM,'MI,«0    l«,4lt,a00  «M,SI«.IM    l*JS»,ta    li.llT.7aT    tT.<TS.«00 

Oct.  I...  38^:00480  iMt8.«eo  «M.iit.aso     

Oct.  la..  mn.iMMt  iC4ta.a8o  isutomm  tumjm*  i4,M8k4H  «8,sit.«)o 

Oct.  17..  ai8,aai.ia«  ll.M8.80e  MI.8aS.8M  18l«lT.880    ULia0.08ft    83,7aB.M0 

Oct.  84..  88BLl87.7aO  KUS.800  MI.SH.9S0  I8CIM,«0    t8.788.lM    88.888,100 

Oct.  81..  lB.aM.78e  18.897,880  40l.«r.aMI       

Hot.  T..8a^M0.78O  la, 487.800  40t.aT7.«»i  UjHUM    lB.«ie,m    8l,08T.eM 

Hot.  M..  aH&,88B.aM  18,4«T.800  4 >:.«<«. IM)    n,MI.Tn    lltlMUW       

HoT.n..  aia,8rr.7so  i8,«7.8oo  m.mi.ra  sijmjm  u^iOiLan  i83MLaoo 

IIOT.18..H&.M8LaO    M.48T,8M   MI.rtS.4M    m88MlB    l4JHjn    t8.lS8.800 
Dsc   8.-ink4«.lM    IC4tT.8M   MU»<a.4M    HLfMJM " 


Dae.  18. .  aaB.4«,a>  imtt.sm  mi.tu.4w  Ti,nliae  i4.678.Te8  8ije4,iM 

Dae.  IS. .  8a3.804.8U  18477  800  Mljm.430  XIIMT*  14.188,447    81.88^100 

Dec.  M..  S8UM.790    lC88T.8ae   M1.788.M0   mMMM  ll,8SO,10l    tl.Sm,400 

Jan       ..  ■B.MS.HO  18.UMM  M1,8S0.430        

Jao      8..  t*4jn.n0    18.M7JM  MI.4I«.»M  78481,778  li.0W.M8   8T.e4a.M0 

Jaa.  M..  aS4.18SjeO  18,488.100  «01.in.4SO  7e.1HkWr  10,488k0«    88^a70.8M 

Jaa.  81  .  184.418,000  lt.48M80  *»a,MajO0  T1.10MH  10,0ll,n4    87.800,100 

Jaa.W     184,a4BJH  14^MMtS  MOlBILOSO . 

Feb.   8..  8B8J88180  18  881.111  MeilSS.450  80,0in,TH  •,848,0n    83,817.800 

Fab.  18..  8S8,U4,U0  11.488400  888LMM80  8T,B1T47S  8,018.000    *t.8l(.800 

Feb.M..  •■.418.890  11,488,880  an,*813M  70.8tO,TM  S,«7\47S    81.7*4,800 

Pab.  n..  «8,8ail«0  11,04118  8881148.880 

lfareh8L.  8818W  UO  18,188480  ia8411.aM  714884W  tMKOta    81,aiM« 

Karck  U  «I.1J1,4U  lil^MO  aR.734.ky>  1S.aMB  8.141488    tt.14t.lM 

■areb » ttl,ttM80  IO,ttC888  ir.Ma.l80  n48il«8  l,8sa.8«    8a4«l,m 

March  8T  888488 880  iCaOMM  18r7.i8S.l80  10.IH4n  M81«8    84.0U.80O 

April  «..  88MW480  18488,880  1*8481400  

April  10.  I8U481.M0  ia4IT488  aBa.t80,«W  81,ltl,ini  «.4t8.88«  8IL18S.4W 
AprU  17.  ■78481.8M  M,flMW  a8M8l.*00  S«j8a4M  8,i884*«  88,110400 
«StC  M.  8884n4M  M.8Tt4M  M8.S*44^  8lk8B84H  8,14*44  8M1I.8M 
Mar  I...  >T*41M»  Il,8n48t  81B.784.1W  tiSa^W  1.08a^«M  8t.MI4<« 
IlsrS...  818l8aB,Mt  tCISMM  88B48^a»  HlBlMiS  14I0.:M  8I.I*«,4M 
Marl*..  «T«.:a4M  t8.on.888  a8b.llS,IM  8148\l|8  UM,«tt  M.848  8M 
Ilsytt..  a7«.18MSe  ta.«R4M  aK,lH.lM  MKm  t4Mi8M  •>,ll«40e 
Jaaa  5. .  ttijmjm  1MIT488  aB4481.tO«  SMM  l,4*4.n8  tt.7n.lM 
„ r^  8.874488    18.88MM 

«M  4.U&4M    l8L808,tM 

—  S.841444    18.48k,TW 


Jaaa  18..  mklK480   Ui4«l.lB8  a8«.llM88 
Jaaa  HI.  8M4Mk488    U4*18M    888,788l8n 


Jase  tt.  8iai»«.8aO  18417.888   88a,<8l4M  88^*H4I8 

Jalr  <L  .  nS.tH,8n  l*.7aM88  M1.8*7.Ki0 

laljia.  t7»48UM  11.718488   MUHVaoO  M.8884M      8.840.471    t8.8T84M 

JalT  17. .  8rt.WT.888  18.74*»   «e.W*.8M  IMMlMT      8.07«,4W    88.881.4W 

jBlr84.l74.181.aH  lB,\mjm»    88»84*.»M    8848ik88r      8.188.788      

Jal/Jl.    *I44M4M  lllKan    l88L8St.a8«  .... 

Ab(.  1..  *74.88T.I — — 

Aac.   14.  874.817. 
Aa(.  81.  714,188,11 


rT48S    18,188480   188,7M  aM    1t41M>>      8,777411    881887,100 

17.181  ia,7it4w  88t,:ao.*M    TiAtijm    i4iN.no  i«.i40.7uo 
8.1M  i«,i«Mi8  a8a,wo.8H  TMaMvr    *,48t.8n  1s.Mi.n9 

Aac.88..  rM48t.1M  18.1*8488  888.8n.B01  T8kt88,8W     l.*H.«n    t7.SI0.4M 

■•P4.   4- 8184U11M  47M4M  «*.Mt.Mt        

Sept.  r-  81MH,1H  la^MH  «8,1T44M  11M4M     t4M418    18488.480 

Bapl.  IS..  8184IT.1M  uCl«ll888  M1488LM8  mjmjm     t48B.*ll    lt;788.M 

3.— !TatloMl  baok  ewroaojr  la  etraal— *■  t  twoMoaal  eammey 
rseelTed  Irora  the  i.'armney  Mroaa  hj  O.  B.  Traaaarer,  aad  dia> 


tribated  weeklr :  alsotha 


Week 
aodlBc 
SepLM. 
Oat.  1... 
Oel.  18.. 
Oct.  17.. 
Oc*.  88.. 


Nelaala  . 
Olrealatloa. 


8»r4«8.7M 


•tT,nLM8 
SMClHitH 
•8T.M8481 
St14a0.4rTl 


Hot.  7. ...a...  .••■•••, 

Hot  14 

Hot. 81,  ........•«..• 

Hot  88 

Dec   8 

D«r.l8 

D~!    to 

Lf^C  ^V    •aaaaaaa******! 

Jan   8 

Jan.   8 , 

J»n    18  

.'an  » 

J«B.  M 

r«h.  a  

F»h.  18 

r»h.  M , 

f»i>  87 

Hareb  8 

March  18 

MarrbH 

Marrbai 

April! 

April  10 

ApmiT 

April  84 .•......, 

Mar  1 _-.. 

Karl. 8Mb480^ 


Dt  of  lagal  taadaro  diatrlbotad : 

Oanaacj.-,  Lee.  Tea  . 
Dtsbrlbstal.  Dletrlb'd. 
l.Wi,aM  84«aooi) 

881.800  718.0M 

14484W  188.0M 

»— — 1480,118 ' 

841.810  I4H18M 

881.800  8,141^494 

-1,718414 ' 

i.Me,Mi 
i4ao.iw 


M4JM 
1,MCH8 


8«,T4S.0H         eillM8 


MUM44t         taUl*        • 

•lff.8t1.M0         MMW  1 


S5S 


144MS8 
^418,810 
•,fl84n 
1,888.711 


t484l4«M 
8884184H 
tl4,484.«77 


•IMn.4H 
•41.408481 
8«7,0«*.IO« 
•87.0804M 
M84884M 
•88488,411 
848,718441 


«8,1S8 

mSlS 

8844*8 
81*488 


84IW481 

•488,«n 

•4*4481 
•,44B4M 
14M8H 

1,H&«0 

•44I.BM 
1.881,1*1 

tjor.'att 


7ao,oM 

•M.1M 


I41I.IM 
I.I88.M4 

S.88n.4H 

84«.Tm 


Week  Notes  In 

ending  Circalatlon. 

May  15 350,459,188 

May** S50,01*,3M 

JnneS 350,780,(78 

Jonel* 349,15T,SSe 

Jnneie S48,994,4T4 

JnnelS S49.«(i*,839 

Jnljl 849.885,809 

Jnly  10 849,73M«4 

Jnly  17        351,618.7*4 

Jnlj  «« S50.TS4.489 

Jnlyll 349.835,149 

An«.  T 843.987,939 

Anc.  14 W9,-iO5,09.3 

An«.  It 3<9.134,818 

Ang.88 34S.Ti5,OI8 

Sept.   4 348.011.1.S8 

SepLll 347,930,000 

SeptlS 347.578.483 


—Fractional  Carrency,-,  Leg.  Ten. 
Received.     Distributed.  Distrib'd. 


701.200 
748,000 
895,100 
8.18.800 
897,900 
890,908 


-a,5yo,.i66- 

S,  308,600 
2,908.1M 
1,923,34* 
a,  118,376 
3,461,59* 
1,6^0.000 
1,985,870 
a,00<J.0*O 
3,060,000 
*,639,a81 
2. 862.956 

S.714,527' 
3,715,643 
2.679.369 
3. 430.685 
2,821,180 


Mseonpln  Coantjr  Bonds. — The  pbople  of  Macoupin  county. 
Illinois,  have  voted  on  the  proposition  to  compromise  tlieir  bonded, 
indebtedness  at  75  cents  on  the  dollar.  The  vote  was  not  larse. 
but  the  resnlt  was  in  favor  of  the  proposition — 1,709  for  and  445 
a^nst  it.  Orders  from  the  United  States  Court  at  Springfield 
had  been  served  on  tiie  supervisors  of  tUe  county,  commanding- 
them  to  levy  a  tax  to  pay  certain  judgments  and  costs  against  tlie 
oooaty.  It  Is  now  stated  that  the  supervisors  have  declined  to 
obey. 

Paris  St  DanTille.— James  A.  Eads,  receiver  of  the  railroad 
company  and  U.  Sandford  &  Co..  the  builders,  filed  a  report  of  his 
acta  as  receiver,  in  Dan'ille,  on  the  lltb.  He  lias  taken  posses- 
sion of  the  etfecta  of  both  companies,  including  the  Moss  Bank 
eoal  mines,  at  Danville,  and  states  that  the  affiita  of  Sandford  & 
Co.  and  the  railroad  company  are  so  ii.ixed  that  it  is  impossible 
totnil  at  this  time  what  belongs  to  one  or  the  otiier.  The  road 
was  o'iginally  bonded  for  the  sum  of  f  2.000,C(XI,  Feb.  1,  1872,  and 
$740,000  of  said  bonds  were  delivered  to  H.  Sandiord  &  Co.,  but  no 
interest  has  ever  been  paid  on  that  amount.  A  new  mortgage 
was  made  July  1.  1873,  far  |3,500,000,  by  the  terms  of  which 
$740,000  was  to  be  exchanged  for  the  bonds  issued  to  Sandford  & 
Co.,  but  it  has  never  been  done.  The  floating  indebtedness  of  the 
road  aad  H.  Sandford  ft  Co.  is  estimated  at  $900,000,  the  greater 
portloa  of  it  being  secured  by  bonds  belonging  to  Sandford  Si  Co. 
Tha  reeelver  will  need  additional  cars  and  locomotives  to  properly 
opaiate  the  road  ;  if  he  can  get  them  by  purchase  he  has  no  doubt 
bat  be  can  pay  the  operating  expenses  and  have  a  net  income 
soffldant  to  put  the  roadway  in  good  repair.  The  road  from  Dan- 
ville to  Marshall,  33  miles,  is  in  reasonably  good  shape,  but  from 
there  to  Hobinaoo  has  never  been  ballasted  or  surfaced.  Fifty 
thousand  dollars  is  the  mtlmate  given  of  the  amount  required  to 
flaiah  the  road  from  Robinson  to  Lawrenceviile,  the  southern 
tannlaos.  Tba  major  por;ion  of  the  assets  of  U.  Sandford  &,  Co.  are 
in  the  first  mortgage  bonds  of  the  road,  and  thev  are  principally 
Id  the  bands  of  creditors  as  collateral.  Mr.  ^ads  also  filed  a 
patitioo  asking  the  eonrt  to  grant  him  authority  to  borrow  $100,000 
to  finish  and  equip  the  road,  and  place  it  In  good  running  order. — 
ChSe4t(f«  Railteay  &eteto. 

EtifcMlar  tt  State  Line. — At  a  meeting  of  parties  interested 
ia  this  road  It  was  resolved  to  issue  $300,000  new  fitst  mortgage 
bonds,  the  total  issns  to  be  limited  to  |15,000  per  mile,  and  all 
oalalandlng  bonds  to  be  retired.  It  is  hoped  that  in  this  way 
maaaa  can  Da  provided  to  complex  the  road. 


— The  regular   quarterly  dividend  of  one  and  a  half  per  cent, 
■m  the  capital  stock  of  the  Pacific  Railroad,  of  Missouri,  will   be 

Eld   on  and  after  Oct.  30,  at  the  offlee  of  the  Atlantic  &  Pacific 
illroad  Oompanv,  in  New  York.    Transfer  books  clobe  Sept.  30, 
aad  raopaa  Oet.  21. 


HARIIIU  ANtt  riAINClAL. 

TO  BOLOKSS  OF  BONDS  OP  TUB  CITT  OF  MOBILB. 

Tha  aaderalgBad  haTe  bean  appointed,  by  tba  OoTemor  of  Alabama,  Com- 
itaetoaat*  for  Mltllag  the  denia  of  the  dly  of  Moblli-,  nnder  act  of  the 
'  Assaatbly  of  Alabama.  appcOTed  March  »,  ISTft.    They  are  now  In 


Hew  Tork  for  the  pnrpoee  of  azccailng  their  imat,  and  bare  taken  an  offlee 
abeat.  wbara  partlea  Intaraated  In  the  bonda  are  Inrlted  to 


■t  No.  11  Hi 

meet __ 

Hsw  Toaa.  SapL  11. 1818, 


ROBT.  H,  SMITH.  1 

U.  I.  LKOYAKn     VCommiealonera. 

T1I0S..MT.  Ji  UN.  i 


ADVAMCIB  MADE,  only  on  Cotton  In  Store  and  Apprnred  Stock  Exchanre 
CollaMilfc  .  f  1^  M.  WATERS  A  CO. 


||«ft.»rtan  B0HD8.— Wbalher  yon  wlah  lo  BITT  or  !<iCl<l.,  write  lo 

HAMLIB  *  CO,,  Mo.  1  trail  aoect.  H.  T. 


TEXAS  BTATK  BONDS  _        ,  „  .,  „      . 

Hovatoa  aad  Texas  Ceolnl  RR.  First  MortfaKo  7  per  cent  Gold  Bonds, 
u.  a.  h  H.  yilit  Mortgage  7  per  oeot  Qold  Band*, 
Teaaa  I«nda and  I^odScrlp,  for  sale  hr 

WILLIAM  BRADY,  88  WUUam  st,  H,  T. 


STOCKS 
Daalt  la  at  tha  Hew  Tork  Stock  BxRhaote  bnogbt  and  soil  by  as  on  margin  of 

iTa  iier  esni.  _„„.„  _r.-« 

PRTVILIJOBS 
Hegotlatad  at  one  lo  two  per  cent  from  market  on  members  of  the  New  Tork 
bchaaae  or  raaponaible  partlee.    Laixe  anma  haTe  been  realized  the  poet  80 
daya.    Pnt  or  cafl  eoau  on  100  iharM 

81M  W 
Straddles  |tB0  each,  control  800  shares  of  atac>  for  80  days  wlthont  farther 
risk,  while  niany  thonsand  dollars  pruflt  m  < v  be  (pilned.     Adrlce  and  informa- 
lion  famished.    Pamphlet,  conulmnff  Talnable  statistical  Information  and 
•howtna  how  Wall  straet  operations  are  oondncted  sent 

^  RRKB 

To  any  addrsas.    Ordars  solicited  liy  mall  or  wire  and  promptly  execoted  by 

aa.    Aoorssa,  TtJMBRIDQB  *  00.,  Bankers  and  BrokeiT, 

No.  *  Wall  strset  N.  T. 


2J)8 


THE   (milONlCIJi. 


[September  25,  1875. 


NXriOSXV  BLNKS  OaO.VNIZBD. 

The  United  States  CoiuptroUer  of  the  Currency  furnishes  the 
following  statement  of  Xaiiotiftl  Banks  orjraniz-jd  the  past  week  : 
S.SyS— First  Nitional  Iliiiik  iif  Bcilforil,  Iowa.    AiUhorized  capita!,  *50  000- 
paidiu    cai)ltal.  $ja.(KX).      E.    1'.    Smith,  Prunidciit ;    O.  B.    WiUou! 
Oanhlcr.     Alllllorizijd  to  coniiilonco  btl^inesd  Sept.  18,  1S75. 
1,OT9— CitizonH' Nailoiml  Bank  of  Kueno,  New  Hampshire.    Anthorized  capi- 
tal, $,  W),0()3  ;  pald-iu  eapital,  $1011,000.  Stephen  D.  Oi-borno,  President; 
Oiled  O.  Dort,  Cashier.    Authorized  to  comnioucc  business  Sept.  18, 

DIVIDENDS. 

The  foUoffiDE  Dividends  haya  recently  been  announced ; 


COMPANT. 


RallrnBdM. 

Chicago  Rock  Island  &  Pacific 

Bel.  LacUawauun  &  Western  (quiir.) 

Uouf'atonic.  pref 

Pacilicof  AIiS!<onri  (quar.) 

United  Ncw.lcTsey  I{1{.  &  Canal  Co.  (quar  ) 


I'KB 
CSHT. 


4 

$i      lOct. 

iX  |Oct. 

ti  m  Oct. 


WUEK  I  ISUOKR  CLOBilD. 

P'adlb.  (Days  Itclasivo.) 

Oct.   271  Oct.  4  to   Oct.  37 
Oct.    20' Oct.  1  to  Oct.  20 


IllOct.  a  to  Oct.  11 
SO  Oct.  1  to  Oct.  20 
»l  


Fkioat,  September  21. 1875—6  P.  M. 

Tbe   noner  Market  and  Fluanctal  Sltaatlon. There 

have  been  few  disturbinjj  influences  in  financial  circles  this  week, 
and  the  continued  scarcity  and  high  price  of  gold  has  been  the 
principal  point  of  special  interest.  The  failure  of  a  grain  ship- 
ping house  having  Liverpool  connections,  and  of  a  grocery  jobbing 
firm  were  the  only  disasters  reported,  and  these  were  not  regarded 
as  having  any  special  Bignilic%nce.  Trade  prospects,  so  far  as 
they  depend  upon  good  crops  at  the  West  and  South,  seem  to  be 
favorable,  and  even  i^-here  the  profits  on  tbe  sale  of  products  are 
not  large,  the  advantages  of  heavy  crops  at  a  moderate  price  over 
small  crops  nt  a  higher  price,  are  not  inconsiderable,  particularly 
to  the  transportation  companies  and  to  commission  merchants  and 
brokers. 

The  following  figures,  compiled  from  the  report  of  the  Bureau 
of  Statistics,  show  the  exports  and  imports  of  the  whole  United 
States  for  the  month  of  July,  1875,  compared  with  the  same 
month  in  1871.  These  reports  are  issued  so  much  more  promptly 
than  formerly  that  they  now  carry  far  more  interest  as  practical 
statistics  : 

July,  1875.  July,  1S74. 

Foreiini  imports,  total $43,425,4:2  $48,458,618 

Domestic  exports  $li,76?,388  $41,188,942 

Foreign  re-exports 1,493,158  1,443,1)27 


Total  exports  feold  value) tl4,S01,5tB  $42,632,569 

Of  the  above,  the  follo«iu<;  amounts  are  gold  and  silver  coin  and  bullion  : 

ImiJorts »1,12<i,6:M  $1,2%,143 

Exports $6,312,611  $3,777,366 

Ke-cxports,  foreign 289,904  29;i,07H 


Totelexports $6,602,515  $1,077,045 

The  local  money  market  last  week  showed  symptoms  of  a  turn 
towards  higher  rates,  but  this  week  very  heavy  blocks  of  money 
have  been  pressed  for  use  ou  call  at  li@3  per  cent  on  Uovernment 
collaterals,  and  ou  miscellaneous  collaterals  the  usual  rates 
have  been  3^3  per  cent.  Commercial  paper  shows  a  little  more 
firmness,  and  on  prime  paper  of  3  and  4  months  the  rates  are 
about  5i  to  7  per  cent. 

The  Bank  of  England  report  on  Thursday  showed  a  decline  of 
£537,719  in  bullion  for  the  week — the  discount  rate  remaining 
unchanged  at  3  per  cent.  The  Bank  of  France  gained  8,601,000 
francs  in  specie. 

The  last  weekly  statement  of  the  New  York  City  Clearing 
House  Banks,  issued  Sept.  18,  showed  a  decrease  of  $3,557,950  in 
the  excess  above  their  25  per  cent,  legal  reserve,  the  whole  of 
Buch  excess  being  $15,354,175,  against  $17,913,135,  the  previous 
week. 

The  following  table  shows  the  changes  frotii  the  previous  week 
•nd  a  comparison  with  1874  and  1873 : 


-1875.- 


1874. 
Sept.  10. 


1873. 
Sept.  13. 


Olosing:  prices  dally  have  been  as  follows  : 

.    .      Sept,  Sept.   Sept.    Sept.   Sept.   Sept. 
,.  ,„,  Int.pertoa.      1^,       20         ai,         22.       m.       24. 

'•<JH; reg..Jau.&Jnlj.»isis^    12I,V 'WIV    121K    121«  *121 

5?'i»|'":ii-, conP..Jan.&JnIy.»12.)>i»:j3x'l2:iX'123;i*123«ji    123^ 

»8.  5-20's,  1864 reg.,]Hny  &lTov.    USii  *USX    118)4'Iia"i    IIS}^ 'IISV 

''•S-*",'.  1864 coup.. May  &  Not.  •llfiJi    119     •ll'.ij^ 'IIBX    llftW  •119 

.  '  f"??."''*" »eg..May  ANoT.  •llpfi  'USH  'l^l      •Hi)),  •119        119)^ 

B«, S-aO's,  1865 coup. .May  &  N0T.«119:!i    Jisri  •II9J<  •UHli  •119>:  •119V' 

«»,5«l'B,1885,n.i.,  rcg.. Jan,  &  July  'IIBX    118% 'llSfi    119     'lig'      119,^ 
6«,5-S0'B,18B5n.l.,coup..Jan.  A  Jaly.»il8Ji'    I'.O       119X    119>i    U»H    119W 

68,5-20'e,  1867 reg..  Jan.  *  July.  •iSOJi  •ISOJi  •120X 'liDJi    120>i    ISOji 

»s,  5-20'8, 1867. ...coup. .Jan.  &  July.    121       120X    121       121       121       121 

68,  5-a0'8, 186S ref..  Jan.  &  July.  •121      'li!      •121      *mH    I2IJi'»121'i 

6s,5-20'8,  1868 coup, .Jan.  *  July.«121      •ISU.f  •121V  *'.iiH  *121V    I'lX 

58,10  40's reg..Mar.4Sept.^ll(>5i    VMi    116?;    Il6>i    IISM  •lUX 

5B,10-40'a conp..iIar.  ASept.  •117;;;  •I17:!»- *I17?.i    117S(  •II7>i  •IHX 

58,  funded,  I83I reg.   ..Quarterly.  •117j;  •118       118>i    n7Ji  •117'^  •llIX 

58, funded,  1881,  ..coup.... Quarterly,    liejt'    IIST*^  •US',' *118,ii  *n»%*nS 
»9,Ctttrcncv.. reg..Jan.  A  July.  •123>,-    123Ji  *li:i}i  •123>i  'l3S)i    1S3X 

*  This  is  the  price  bid  ;  no  sale  lytB  made  at  tbe  Board. 
The  ranaie  in  prices  since  Jan.  1,  and  the  amount  of  each  class 
of  bonds  outHianding  Sept.  1, 1875,  were  as  follows: 

. — RanKe  since  Jan.  I. — .  . — Amount  Sept.  I.— ^ 
,  LoweBi.         Highest.     Registered.     Coupon. 

5».1881 reg..l18     Jan.     61122;<May  2iitl93,3;i,850         $. 


6b,  1881 coup.,  iis;^  Jan.    S'nfiJi  Juiie  17 

6a,5-20'8, 1862 coup  ,  114ii  Jan.    2  ll.SJi  Apr.  13 

6s,5-20'B,  1364 conp..  11.5V  Aug.    2  121     Apr.  27 

68,  5-20'8,  ISf-S coup..  117>i  July  241122%  June  18 

6s,  5-20'8, 181)5,  new,coup..  117X  Jan.    81124},' June  17 

69,  5-20's,  1867 coup..  118X  Jan.    9  12o)i  June  25 


Sept.  11.       Sept.  18.       DifferenceB.       ..... _.,.  .,. 

Loans  anadlB.  $283,44.3.200  $282,(IT1,80(;  Dec.  $1,:I71,400  $280,5«!l,21lfl  $278,421,700 

Bpocio 9..178,200        7,3,-i6,.'i00  Dec.     1,991,700       )9,952,100       18,844,6(10 

Circulation....       17,"56,600      17,754,800  Doc.  1.800      2.5,618,600      27.4112110 

Net  deposits..     2)2,(i01,S00    239,8,<O.400  Dec.     2,72.3,8i)0     S-IO.Jl'l.SOO     198,040.UX) 
Lspai  tenders.      69.185.200      6T.938.O0O  Dec.    1.247,200     64,804,800      34,307,900 

United   stateai  Bonds. — Government  bonds  have  been  steady 

closing  at  an  advance  of  ^@|  per  cent  on  last  week.     The  foreign 

bankers  have  not  been  doing  much  either  as  buyers   or   sellers, 

and  the  principal  purchasers  of  Governments  are  the  financial 

corporations ;  we  heard  of  one  insurance  company  taking  about 

half  a  million  this  week. 

Closinsr  prices  of  securities  in  London  have  been  as  follows : 


68,  5-20'8, 1668 coup..  118     Jan.  9 

53, 10-40'8 ..reg..  ll3>iMch.  5 

53,10-40'8 coup..  llSXMch.  4 

5s,fundod,  1881....  conp..  113)i  Jan.  S 

69, Currency reg..  1175i Jan.  4 


li^X  June  18 
118>f  June  18 
ll9Ji  Aug,  2i 
119  June  26 
184%  Apr.  24 


89,304,900 
66,650  39,830,550 
«6,.'W-,000  31,665,800 
39,803,050  118,731,810 
68.337,fi.Tfl  144,325,460 
88,8ii4,450    221.758  300 


14,478,000 
141,619,850 


207,937.500 
64.623,512 


21,996,0tO 


62.946  450 
820,378,950 


U.  S.  68,  5-20'8, 1866,  old  . 

U.  S.  68,  5- 20*9, 1867 

U.S.5a,10-40'B  

VcwSb 


Sept. 
10. 


10r,!,4 
1U8V 
10.5  >i 
105« 


Sept. 
17. 


:c6« 

107% 

103 

lOSK 


Sept. 
21. 


tOfv"* 
107  J,- 
105 
105 


Since  Jan.  1,  1875.  — , 

Lowest.      I     Uighest. 

lOSif  Apr.  221  loax  Apr.  9 
lOtlX  JuoclS;  lOOXMay  5 
102%  Feb.  13  107  Aug.  13 
lua     Apr.  131  105X  Aug.  16 


State  and  Railroad  Bonds.— There  has  been  very  little  move- 
ment in  Southern  State  bonds,  and  sales  at  the  Board  have  been 
near  a  minimum.  A  few  transactions  in  North  Carolina  special 
tax  bonds  were  made  at  3((i3J,  and  Georgia  gold  7s  sold  at  100. 
Virginia  advices  from  private  parties  are  favorable,  and  speak 
hopefully  of  provisions  being  made  to  pay  interest  as  it  matures. 

Railroad  bonds  have  been  reasonably  active,  and  the  prices  of 
the  best  bonds  well  maintained;  Central  Pacifies  have  sold  up  to 
105,  and  Union  Pacific  first  mortgage  at  103^^.  If  the  money 
market  continues  as  easy  throughout  the  autumn  as  many  now 
anticipate,  it  is  natural  to  suppose  that  the  demand  for  the  higher 
classes  of  railroad  bonds  will  be  more  active  than  usual  at  this 
season,  as  the  lack  of  employment  for  money  at  profitable  rates 
leaves  an  accumulation  to  seek  investment  in  the  best  class  of 
bonds,  paying  a  fair  rate  of  interest. 

Daily  closing  prices  of  a  few  leading  bonds,  and  the  range 
since  Jan.  1,  have  been  as  follows: 


Sept.  S-pt. 


•305^ 
•20  >, 


SsTenn.,  news... 
6«N.Car.,old.... 
6b  N.  Car., new... 
Ss  Vlrg.,  consolld   'e'}4 

do  2d  series.  "19 
8s8.  CJ.ft  J...  '27 
68  Mo.  lonK  bonds  lOlX 
N.y.  C.&H.  lH7a  .... 
C.Pac.,gold68...  \m% 
Un  Pac.,  1«t68...  •I0l]i 
do  L'dGr'ns  •li'l:< 
do       S.F.8S..     »1X 

Krlelst  M.7b 'lOlx 

N.  J.Cen.ist  78..    Ill 
Ft  Wayne  Ist  78.    ■in 

BOCKTBl(HBt78...  'lOJK 

c.  &  N.w.  gold  7s    »rx 


20. 

•21) 
•10 
•BS 
•49 

':■% 
loix 


Sept. 
21. 

•50H 


Sept.  Sept.  Se 

•,-.u'  ':o''A 

•Wii    'lO  'liJ 

•68     'ess  -esx 

•49       "49  •41 

•2;x  'n  •arx 

102.\  '102  "lo; 


T 

•50 

•iu" 

•63 
49 

•27!< 
102X 


101^    lOIK    1D5 

103X    101%    103« 

•lOlX    101 V    101 H 

91X      91>i    -SIX 

•101«  'lOlx  -lOlK 

■.11     •III     •ims 

•113'^    114      'V.3H 

•IIU       l.O     •110 

87X      ....      87X 


105 
10.)  X 
101 
•91 X 
104 
111 
IWH 
11" 
B7.K 


10 1  y 

KB 

102 

9;M 
•101 
IIIX 
1HH 
IIOS 

675* 


-Since  Jan  1- 


Lowest 
41  Jan.  27 
■X  Mch.  21 
11  Jnne  12 
S5)i  Jan.  20 
36  Mch.  2! 
SO  Mch.  20 
»4^  Jan.  14 

IIIV  Jan.  IS 

ST.'.},  Jan.  6 

9U     Jan.  6 

90     Jan.  f 

80X  Jan.  5 

101     May  29 

U7H  Feb.  1 

106,><  Jan.  - 
105     Jan. 


Uighest. 

S5XJan.  S 
29  Jan.  18 
16  Jan.  7 
&'%  Apr.  3 
49  Sept.  24 
35  Jan.  2; 
lOSK  Juno  23 
122  Sept. 40 
IU6V  June  28 
W<iX  June  80 
102  Sept.  9 
9:x  Aug.  25 
101),  May  9 
115  Apr.  0 
114  June  35 
111^  June  6 


79     Juue  IS    8i)i  Aug.    4 


*Xhl8lBtheDr7cebld.  no  sale  was  made  at  the  Board. 
Railroad  and  Itllscellaneons  Stocks. — Stocks  have  been 
quite  irregular  and,  as  a  general  rule,  depressed.  There  has  not 
been  so  much  the  appearance  of  a  determined  bear  movement 
this  week,  as  a  general  lack  of  animation  and  an  apparent  disincli- 
nation to  buy.  The  market  has  declined  considerably  in  the  past 
few  weeks,  and  the  question  is  pertinent  now,  as  always  under 
similar  circumstances,  as  to  whether  prices  have  touched  bottom. 
There  are  some  indications,  from  the  halting  condition  of  the 
market  and  the  absence  of  any  further  important  decline  in  the 
past  day  or  two,  that  prices  may  have  reached  a  point  from  which 
they  are  likely  to  react ;  but  the  result  in  stock  movements  is 
proverbially  uncertain.  Ohio  &  Mississippi  has  been  one  of  the 
weakest  stocks,  and  touched  14J  on  Thursday,  although  tlie  com- 
pany has  made  no  default,  and  has  already  published  notice  that 
its  October  interest  will  be  paid.  There  has  seldom  been  so  low 
a  price  on  the  stock  of  a  company  n')!  insolvent,  and  the  annual 
report  to  be  published  in  Octoljer  will  be  looked  for  with  interest. 
Lake  Shore  has  rallied  from  the  extreme  decline  of  last  week, 
and  at  times  has  been  purchased  freely.  There  seems  to  be  little 
expectation  that  the  company  will  earn  any  dividend  the  present 
half  year,  but  with  an  advance  on  freight  rates  at  the  close  of  navi- 
gation the  company's  prospects  would  bo  much  better.  Western 
Union  Telegraph  has  sold  ex  2  per  cent.  div.  at  7.5^^,  and  closes 
at  76  ;  this  company  will  also  issue  its  annual  report  in  October, 
and  if  the  net  earnings  show  as  fairly  as  the  brief  quarterly 
statements  have  indicated,  the  company  is  earning  more  than  8 
per  cent  dividend  over  and  above  interest  charges,  &c.,  and  unless 
it  is  anticipated  that  telegraphing  will  decline  in  the  future,  the 
company  ought  to  be  able  to  keep  up  its  earnings  hereafter.  As 
to  Pacific  Mail,  there  is  no  public  information,  and  no  estimates  of 
its  future  can  be  formed  by  parties  outside  of  the  management. 
As  to  the  Western  railroads,  the  grain  movement  has  lately  been 
larger,  and  they  seem  to  have  the  prospect  of  a  good  business 
during  the  Fall  ;  the  officers  think  there  is  reason  to  hope  that 
the  notorious  Potter  law  in  Wisconsin  will  be  repealed  this  win- 
ter, as  railroad  building  is  entirely  stopped  in  the  State,  and 
most  of  the  companies  are  in  default.  At  the  clo.se  to-day  the 
tone  was  weak. 


Siptemb  r  25,  1875.] 


THE  CHRONICLE 


2.)^ 


For  the  parpoas  of  ihowlng  Um  tot4l-  tntBMCtioas  at  the  week 
ia  ths  leadinji  ■toeka,  ve  hsTeoompiled  the  t«bla  foUowinfr : 


FMUe      La^k* 


BepL  IS... 


m.ma 

HjMO 

ti tt.«n 

** u.aoo 

U    SI.OIO 

»» 48.300 


Shora, 
St.«»     10,600 

aa,«oo 
ti.tuo 

31.000 


WMt'n  (.'bic  A 
Uolon.  >"-we«t. 


t5,»M 

SI,  WO 

4t.M0 

I&.SOO 


11.800 
IS.90L) 
5.-00 

ii.»n 

4,»> 


Krie. 
31.100 
44.900 
41,10) 
UW) 

Msao 

15,8  0 


Bni.m 

l-iciBc. 

I.IOC 

400 

3,«10 

MO 

i.aoo 

MO 


Ohio* 
Mlu. 
t,IOO 

L-ioa 

MOO 
9.900 

i«aoo 
ft,«ao 


W»h. 

40J 


. -t^aotailoiu. . 

Open- Low- Hleb-Cloi-       Total       < 
_  inii.     est.     est.     Inir.    Clenrinif*. 

Oaneotweek new  1I6V  ii'l*  iifi?»  lan.oii.ooo 

ereTiona  weak 116S  IISX  lITi^  116V    475,483  000 

Jtn.l.l875,tod*te...lli>,  Uix  n7><  116>i         


Balances.— ^ 

flold.    CarrencT. 

( $ 

l,l-a,iM     1,417,918 


Total 
Wbolaitack 


3(,aoo    1,000 
100.000  iao.000 


..iaa,9a»  »«,8ao  mi.«)o  6a,aoo  itsjoo    6,10a 

.  jao,000   4M.CB   »1T,856  149.(30  T80,C0O  S«T,4S0    , 

rha  Ia«t  line  ia  the  preceding  uble  shows  tbe  total  nuiubor  of 
•hai«s  of  e«ch  of  the  stocks,  now  oatstandiax,  so  tliat  it  maj  l>e 
■e«ii  St  •  glance  what  proportioa  of  the  whole   stock  has   beeo 
tanad  orer  in  the  week. 
Tka  d*U7  hJirheat  aad  loweat  prleea  hare  been  as  lollows : 

MtardM, 

■.Y.c«i.*H.R.  l?i-:ax 

trie -!..«?» 

Ms  Mors.... 

Wataah 

.  Nortkvtat.'.... 
_  <la  pret. 
Bockltlaad... 

•».  Paal 

do      rrH 

41.*  r»c.,pnt. 
Oklo  a  MUa... 
Ctatralo:  HJ 
"  .L.*  W«.f 
.*8t.,<o«. 
■  PmUs.. 


JTsMTUa.  T*l 
Ar*I»*e.  T»l 
QalckallTcr... 
_  4o       fra(.  •» 
r*itt«  HdL...    m% 

w«iic,  r»i 


The  following  are  the  qaotations  in  gold  for  foreign  and  Ameri- 
cau  coin  : 

gprfrclrca fi  gj   i^ftft 

Napol^oQi S?3  ®  4  83 

X  X  RFlcmnarks 4n   »   4  81 

Xnilcien.    IW   «   430 

rise  (lire- ban \u   «    i  a 

Fine  Kold  (Mr* pir^X  prin. 

Dime,  and  half  Oimea...  -  io  S  -  W 


FlTe  franca.... —  W   ®  — n 

Franra —  18X9  —  19 

EngHtih  silver 4  8J    a    4  W 

Pnuelan  paper  tlialers.,  —  iOHd  —  71 
Prua^laii  silver  thalers..  —  70   ^  —  71)C 
Trade  Dollars  —  96   <*  —  98 


«€    •««   14        <3      ej     »M   <*H     44 


5- 


ff* 


14X 
•IS       .... 

•I»«  Jl 

■H  (OH 
4iS   <S 
•  ...    W 


ForelKB  Bxehaace, — An  account  of  the  gold  market  is  now, 
to  a  great  extent,  a  report  of  the  foreign  exchange  luarltet,  go 
closely  does  the  tone  of  the  latter  follow  the  changes  in  gold. 
\Viih  the  scarcity  of  gold  early  in  the  week  exchange  was  de- 
pressed, but  latterly  there  has  been  more  firmness,  and  leading 
bankers  have  not,  as  a  general  rule,  been  free  sellers.  The  prin- 
cipal characteristics  of  the  marker,  aside  from  the  gold  questioa, 
are  a  very  moderate  demand  for  bills  and  a  small  supply  offering, 
so  that  in  the  absence  of  disturbing  influences  the  rates  should  be 
quite  steady.  The  syndicate  bankers  have  not  been  sellers  8iuc» 
the  priea  declined  below  4.84i.  To-day  the  leading  drawers 
opened  at  4.80  for  00  days"  sterling  and  4.81  for  demand,  and 
snbaequently  advanced  their  rates  to  4.81  and  4.35,  while  actual 
transactions  were  about  one-half  point  lower. 

The  traasaetlons  lor  the  week  at  the  Custom  Boose  and  Sob- 
rraasarr  have  been  as  (ollowi: 


N*- 


allc.  rarco 

•Tai«UU«»rte«M«*«4aakai:  so  MM  «M  aate  at  tka  ■est*. 
The  sotlTs  tmagt  from  Jan.  1 ,  1874.  to  thia date,  waa  as  follows: 

. — Jaa.  I,  vm,  to  data — ^ Wkala  jasr  \m*. . 

LowaaC  UliriMaC     \     Lowaat.  Hlrhetl. 

M(    May  tt  lOrrs-lUT    M  tSK  Xaj  1«  I03H  Mrb.  11 

mw  Jaa.  »1«     Ap»-  ?!«>«  " 


■.r.0sa.«UB4.B, 

Barlea . 

■rU _ 

LakaBkors 

WkOfsk 

■ortkwaat 

do        praf 

Rocklslaad „.. 

•  ».  Paol  

do       pref 

Atlantic  «  Paclllr  i.r. 


ttl«  Apr. 
ItVJaaati;  nuTJUk. 
•  tIK  Bapt  n  SDK  Jaa. 
.  4M  JaaaSi  twin. 
.  MK  iwm  U  «<S  Jaa. 
■  tfM'aaa  U  ta\  Jaa. 
MO^  Maj  »i  I  J>>,  Aoc.  : 
aiM  Jaaa  U,  4ei»  A^r. 


M     Dae 


ISIS  ^eb.  is 
10    Ml^Jaa.  15 


nW  Jana  I*   MK  Jan. 

I  UOi  Dae.  «    UW  Jaa. 

*4«Jalr  IS{  «tv  Jaa. 


Ohio*  MtMifaip 

Oeatral  ut  .New  Jeraaj.Mij  'sa. 


10    Kilti  S 

hkKiw  mi 


"^S^i 


Jaaa  limv  Pab. 
U   4*)(Jaa. 


\^ 


.uyi.i's;^ 

^      ,         May    »   M5r.h. 
Apr.  M  tm  8apL  3    n     JTeb. 
WK  Jaa.    fl  t!H  Jaaa  I7i  IS    Jaa.  . 
fi-j    r     L  Vi..- '•:=—■:—    "•>'     Apr.  fij  ••    Jaa.    110»J(  Feb.  lo 

|aBBlb«l*St.Jo. nKaapt.M.  3D)<  McL  M  nif  SepL  7    S42jaa.  It 

Sjfo" '«"ie..^ ••    ■»•"    ^   rmJaaa   I   a    Jaaal7    lsSlfch.») 

Oal.ChlcALC S     JanalS     »VJaa.M     •     Sept.  3   •tS  Mck.  V 

raaM*  .......  JWJjJaa.  It  in     Apr.  M^m     Apr.  Ml  13     Jaa.    • 

AUaotk  *  PacUc  TaL.  U     Jaly  )i    r>\iJn.li\u     Aat  «  40     Kov    7 

Qal^attvar U     May  U    85     Jaa.  H  HK  Apr.  33' 3Sw  !(ov.  M 

_*»„.,l>'»' »     Jaly  14    44     Jaa.    7' l»     Jaaal*   43     5ot.  37 

!*«»•«■•" HX  Pak.  iu    4&<i  Atr.    3|  3iK  Dae.  31    5IM8cpt.3a 

AdamKxpreaa «    Jaa.    3  lOiJi  Meb.  I3i  3«M  Jaa.  13  lis     xJv.  13 

•0     JaM3B   u     Jaa.  U,  lajiJaa.    4   3SM  Dee.    1 
*IH  Ab«.  II    t»    Jaa.  It   •»     Sept.  38   TJ     Pab.    3 
n     A«fr  m  ns  Apr.  lol  mm  Jaa.    »l  »4     Nov.  3D 
Rallr«a4    Karnlaca. 
the   totals  (rom  Jan 


18... 
30... 
31... 

<t... 
33... 
31... 


Custom   .- 
Boasa    r- 

Racalpta. 
..  t43S.«ao 
..  401.000 
..  SSI.flOO 
..  380,000 
..    503,300 

..  sa«.ooo 


Becclpls. 


-Snb-Treasary.- 


Oold. 

>3IM,880  8I 
489,138  38 
4I3.C80  75 
3SI.398  0S 
510,114  00 

1.039.773  S3 


TotaL l3.Al.aOO 

Balaata.  8.-p«.  17 

Balance,  tiepc  3t 

Naw  y*rk 


Cairancy. 

tS67,4i9  14 
313,571  li 
8M,ya0  31 
330,019  41 
803,398  08 
l,03t,SSa  83 


3,109.(73  48  4,419,385  SI 
3(.«a9.!»« '>C  S).1T«,518  30 
3S,«9(,5lO  80  :9.l<a,7TD  47 


-Paymenta.- 


Oold. 
td9,010  38 
117,3*7  5« 
193,80S  91 
9S«,47»  54 
117.764  93 
675.IJU3  30 


CurrencT. 
««&7,773  99 
l,nt,«8S  30 

4<H,*94  04 
I110.W3  10 
7'.IH,57r  14 
4B8,84U  70 


3,0t\0«7  65    4,4n,m  IT 


oiir  B«B 


■ta. — The  following  statement  sbowa 
the  condition  of  the  Aaaoctated  Banks  of  New  York  City  lor  the 
week  endioK  at  the  oommencement  of  business  on  Sept.  18, 1875: 


AdaaiaKmeaa..'., 
fcMWtrsB  Mpcsa» 


wawi^r/^.- 


AM) 

& 

Ohlr 


T.j,.  JS    Pr 


The  latost  aafBlnn  obtainable,  and 
1  to  lateat  dates,  ara  aa  follows : 

Laloolaantass npoftad. .  Jaa.llaiatas4dsta. 

Iim.         W74.        nUw         ISH 


Bans. 

Kawrork 

■aahainn  Co 

Merehaau' 

Kackaalea' 

Hifti- 

•MOTMM. 

rbwu 

«4y 

RSS—.^:::::: 

Ofcaoilcal  

Marabanu'  Bzeb'Ba. 
OallaUn,  NaUaaaT. 
Balabara'a  Drovan* 
MaSaslcaaTradari 

Oraaavtck 

Laa4kerMaaat 

a  taab'fa 

ca , 


Loans  and 
Capital.    OUcoants 


-Avsaasa  aaotiKT  or- 


ttjwi'.ffiff 


Lcaal  Ket 

Specie.     Tenuere.  Deposits 
tt.y-tjoi  ii.io.ioo  4i,n»,'>o4    |3.iss,i«u 


tJM,000 

i,ain.aw 
ijoDjm 
t,QaoMO 
i,aio,Me 

\1SSS 

VOMOO 


t,4an,«a 

10,1 .1,900 

«.7«J»5 
».'»:?!? 
4.'U,HS 

M4:/4D 


i«;,ao 

jr:,:io 

in.wo 

a.ioo 

isi,a» 


,«7l,!U 

i.ias,»<a 

l,8r..M)0 
l.l.«.MW 

3.;«.;oo 

Stl,'(« 

i,4ii<,un 


soojos 

40D.3D0 


M33bm 

l,78MO0 
3,M*X0» 

IjAkM 
4.MI,U» 


'«.« 


miMiso>i, 

tadlaaap.  Bi 


HoMk  of   Aat 

'  'alh  of    Aa«. 

.Cb  of   Aa«. 

"(b  of  Jal;. 

•aokofSapi. 

waskafAac. 

'   aAof    A«c. 

Moatt  of   Aa«. 

Mm*  sf  Jaly. 

Moolb  of  Aa«. 

afBept. 


V"^ 


ll&O. 

niTia 

l.UtMB 

3lt.ltl 

l*.lt3 

13M 

331.303 

1«,3« 

•MM 

3tlTB 

f«,T4* 

l«.tM 

3SJ0I 

ltk«U 

iitn 


.039  $tn,m 


LltS 


Utun  M,(iikis3 

Mi3»        

3,<«      MtlSSS 
JO.«M 

rti.33i 
t44,n> 

MSuSII 
1«.3«B 

n,ia3 
UMt 
■.It* 

IIM* 

mm 

•4H 


4.T3l.*n 
T79.»» 
■3IJ»7t 

»*.»: 

I,IIM3« 

3i^n3 

1.73LI3S 


<n.3m 

I,t3MI5 
l,3B13N 


$m.ma 

mjat 
4.«3iLfn 

1.MI.NI 
V374I7 

7i7.»n 

«33lt3* 
M47.7a3 
l,ll3.9Ba 

3*7.038 
3,M4.3n 
U9«,Ol3 

»n.«4« 
•.«s>,m 


,      .» w. 

lodUaap.  *  SL  L. . 

iBava'!  *0'  ?(nrth 

Bansaa  Pa. 

Kaokak  A 

Ma  Kaaw. 

■abitaAuh''>       ..MoBlh—     „... 

Si-L. A>^  T  H  beba.  M  waak^  £.(< 

bt  U  I  Mt  *  •ontx    M  wa'k of  Bapl, 

Bl.  L.  r  H  Bib  af  ABg.     tlW3t       tH^tli 

frf*  '•'b  af  Aac       •,43B       n,3*3 

t^o"  ntb  Of  ABC.   1.0«1,OQII    |,B3t4M    T.««l.«*t 

Tfca  4.al4  JlarkaO.— Uold  Las  prvoaatad  naarly  tlia 
fcatares  as  last  week  ;  the  scarcity  of  cash  ^Id  oontioucs,  and 
whh  each  a|ipearaao«  of  a  tighteninic  in  the  market  the  price  and 
the  laica  00  i^old  loaoa  Immediately  advanae.  Testerday  and  lo- 
•V  »fc"  f««Uag  haa  faaoa  saaiaf ,  but  tha  sU^Irt  relaxaUun  is  g-n- 
y>Hy  lookad  apoa  ■•  a  tenporarr  expediaat  to  enmaraee  coo- 
Means  or  to  tadooo  ahoct  aalea,  aod  not  aa  a  Mrmaaent  improve 
mant  It  waa  anlir|p«t«d  by  some  that  tba  Tieaaory  wooM  sell 
■tora  this  w«<«>k  than  had  been  aamcd  in  »b«»  mnnfhiy  schedule  of 
3b]e«.  bat  in  this  they  were  mislaksn,  as  '  <<00  was  wild 

on  Thursday— the  total  bids  amounting  t  ■  lO.     On  gold 

fl*—  the  rataa  wars  high  la  the  early  part  <ii  ui'-  week,  but  have 
faceatly  baaa  oaaiar.  aad  tba  raa^e  o'f  rates  to  borrowers  today 
waa  7  aad  0  per  cant  paraaoom  sod  1  04  aad  I'Si  per  diem.  Cus- 
toms reeelpu  of  tba  w.*k  w.r-  $3,4:;j,000. 

^The  following  table  will  show  tlieeonrsaof  gold  and  opera- 
<MBa  of  tba  (Md  Bxehaaga  Bank  each  day  ol  tha  past  waek  : 


3:8^  

WJSSjnS     13.134X0 

tS2S 


3,aos,aas 


133hM 

*Mjra 

4-7,1110 

a7a.wo 
7,«l.i>10 

tj>am 


i,iiw,eo4 

Rxch.  asvjiss 

Traih  NaUonal l,0OI<,OC0 

BowaryMatloBal...  I9«,C4« 

New'k'offcCo.  Kat.  Mi>3« 

Oermas  AiMrleaa.  1,0SMM 

DryUoods IJtBfJm 


1,141  .(DO 
I.W4.TJ0 
I.IHl.SJO 

i.x7i.im 
tft-.vn 


M'^dayi 


''"i'J. 


r-       qpatstloaa 

Osaa- Low- Ilieh  rint- 

iBf.     sat.    eat     lac. 

y,  Sept.  l9  ...lt»^  lltM  117      W\ 

m   .  nr.ii  II4J.  ii:K  htj,- 

1 1«T< 

.  llftH 

\  IIRK 

tl  ...IISX  i:6,'(  lisjt  113X 


Tsui 33I.r3!ja0  3W,0<IJ<lll   |7,M,SW<t(<,>3SWI*:3?.3W.4(0  317.7S<.«'0 

Tha  dariatlons  from  the  retorna  of  the  previous  week  are  ai 
followa: 

nee.  31,«n.«n0|XatDepa«lts.  Dee.  31,773800 

Den.     I.»I.»ID    Ulraulatlon l>ec.         1,«ai 

Uoe.     I.t4!,»«l 

Tba  following  are  the  totals  for  a  series  of  weeks  past : 


Bpaela 

L<ecsl  Taadara. 


Jant34... 
July  >.... 
Jaly  la... 

Jur  i:... 


Total      .-—  Balaace*. — ->  ' 
CIcarlaas.       OoM.     C'arren' 
B41,3b3«(  |l.t7'l.Mt  $lflK..^ 

njmijaM  i.3i7.»7«  t.u« -. 

43.an,oo«  i.T4*.«i.i  xoHi.  . 

4«,«n8.oaa  i.iQ«.';s8  l,7n.  • 

ai,3rtum  uiuii  1.80*.'!-  ,..,..... 

" '  3W,400     l,Ul,(«i  '  kept.  Uk. 


Lecal 

Circo. 

Acsrerata 

Leans. 

Bpeele. 

Tenders. 

Deposit!. 

latton. 

Clenrlnrs 

174.707  AN 

•!M-.aoa 

71.t9l.«00 

zu.^mflM 

I».U'«,V]0 

4.M.fi«l.40.1 

tnjmjm 

SJSIMI 

7^.51  .100 

34J,itH.7nO 

ls.9ai.sflo 

i.-    ■'    .     . 

«0,3HJ0e 

4,317  JOO 

lo.SSl.JilO 

isn.iosno 

:ii.«f4.»oo 

r*ja«jro 

(.m.m 

T1.7)VW0 

390A«jaO 

l»*l.«(W 

•A 

'V.MSWO 

7.5H.S10 

75.l'15.«0 

Ki.xm.m 

I8.r.9).i(«i 

M'..^-..,.  ,, 

."CUD 

<.;«;.«» 

7.'.,iUI  ruo 

JSljOSt.lUU 

I«..17(i,l(» 

»<.»;. 41 " 

I.1IJD0 

CSII.KU 

7.1JWI.30O 

»M4>.Sie 

UMi»» 

84l.Mt.4l7 

MI.KW 

3.11^1(10 

7J.:a».ioo 

348;ra8  2iU 

18.I1V.7  0 

IWW»8.7»'I 

ai.mt.jm 

;l,w,M) 

Mja'.ioo 

«I»J7».«» 

P.21IJIM 

817,lll.n8 

IMIS.IOO 
VKUOM 

Sffii 

i^jnijwo 

18.1lr..400 

»  :.4Vl  MX 

mtMt^m 

*,I7S.3I0 

1»1.4M,-W0 

t7.7M.40Q 

»I,7«.M| 

Mtjr,iim 

7,384  JOO 

47,«38,aO0 

at  .480,100 

n,7»l,800 

411,141,481 

300 


THE  CHRONICLE. 


[September  25,  1875 


aoaton  Bank*.— Below  we  give  »  statement  of  the  Boston 
National  Bauks, as  returned  to  tbe  Clearluir  House  on  Mondav 
Sept.  20.  1875 :  '' 


Banks  Capital. 

AtKuiiu yiMiiUvi' 

AtUa IfiMfiOU 

Blaolcstone a,IX)0.0(KI 

Bostoa I.POU.000 

BorlKon TOJOO 

Broadwaj aw,000 

•Central SU0,1IU0 

'Colnmblaa l,00O.00li 

iCoDtlDental 1,000,000 

811ot l,000,OUC 

Bverett lOO.OOH 

FaneullHall I.p0a,00(' 

rFreeman'i 800.000 

•Olohe  1,000.000 

HamlltOD 750,000 

Howard l;imi,000 

Mannracturers' 900,000 

MarKet 800,0ue 

Uassachuaetta 800,000 

llaTerick  400,000 

Marnhanta' 8,000,000 

Metropolitan 9(B,0U0 

MouDt  Vurnon  200,00k 

><ev  Borland 1,800,000 

North 1,000,00(1 

Old  Boston 900,000 

Sbavmnc  1,000.000 

Stioa  &  Leatber 1,000,000 

■ta-Us a,ooo,ooo 

BaColk 1,900,000 

Tkiaderi' 800,000 

Ik^mont 'l,0ao,0O( 

Waahlnxton 790,00(1 

First 1,000,001 

'Second  (Orvnlte)...  1,800.00C 

Third 300,0or 

Fonrth ■ioa.iioo 

Bank  af Commerce.  2,U00,00( 

Bank«f N.America  l.OOO.UVO 

B'k  of  Redemption.  1,000,000 

Ball*of  Kopnhllc...  1,500,000 

Boramonwealth 500,000 

City l,0OO,0flU 

KaKle  1,000,030 

'Bichange 1,000,00(> 

taide  &  Leather l,SOO,aO( 

'Severe 1,000,00< 

Security JOO.OOP 

anion l.OOO.OOC 

•7eb«ter«  1,900,000 


Loans. 

Si.eii,t>uO 

S.ISfJOO 

WU.DW' 

SiO.uuu 

I.IW.SOO 
i,5-(i,luU 

2,:is«.ao 

I.IjSS.SOO 
li.412,60U 

'..ew.aoo 

3,833.3(0 
■..70)«)0 
3.3l4.'M) 

i.oes.too 

1.1^3,500 

a.Ti)a.ftuu 
I.eei.-ico 
8.fi<i3.eiii 

6S3,500 
841.300 

j.ses.Tcio 

3.2S0.8l;0 
1,;7!.3J0 
;.56i.aoo 
3.H10.6J0 
3."-i.40(l 
3.615.'»00 
l.'.'76.900 
3,4:.5.'!l)0 
Z.IHi.lkK) 
4,'^49.4(Hj 
4.51U.10(' 
1.12R.000 
'^54,500 
S.lW.SOfl 

a.i'is.eou 

5.:55,7ui, 
8.0-i4.\(Hl 

s.'isa.SdO 

2.080,6(1' 

a.oai.ood 

5.^9.«I1C 
SillO.SOO 

9()5.4o0 
3.864.4(0 
2.693.500 


pecle.  L.T.  Notes. 

18,10(1 

tU.WJU 

a« 

lu.-m 

»,8C0 

S55,M,0 

l-^ 

101.800 

8,U0U 

49.0UO 

75,000 

»7.6i]0 

4,000 

70.ioO 

MMO 

4i),9W 

125.900 

800 

llt.800 

.... 

109.500 

1.MI 

60,900 

10,500 

211,500 

78.700 

800 

IMAW 

..,, 

91,800 

10,100 

64.900 

ll.'MI 

15S.S00 

8O0 

124,'iOO 

90,600 

616,000 

4M0O 

6'..«0(i 

I4,00C 

93,700 

7.100 

860,400 

35,300 

400,800 

11,900 

852,800 

ia.aoo 

2)1,700 

iSUV 

93,600 

11,500 

213.900 

14.S00 

r'16,010 

29.401 

!62,3(AI 

2.10U 

104.0UO 

400 

S76,8„o 

57,0(0 

571,71)0 

21,800 

78.400 

26.600 

3.300 

877,600 

Mil 

!«6,500 

11.400 

566.700 

l»4,50e 

1.900 

918,000 

7.600 

55,201' 

1,800 

165,500 

45.10'. 

4«l,500 

14.100 

187,'iit 

5,900 

859.910 

5(0 

103,800 

80O 

155.0011 

6,60U 

108.700 

Deposits.   Clrcul. 
(523.400       (154,610 


1.049.800 

'2,087.200 

»0.2liU 

633,200 

838,400 

564,500 

583,700 

967,900 

716300 

674,900 

1.145 ,5uu 

£69,800 

8:»,»0u 

74J,8O0 

902.100 

744,500 

66B,«XI 

1,313,000 

1,084,500 

3.919.400 

914,'iOO 

364,700 

729,000 

lj)<ts,800 

1.124,100 

984,600 

1,359,100 

906.600 

938,100 

727.200 

•.90,600 

655,'.00 

1,132,600 

1,541,800 

l,033,'2OO 

90,700 

1,651.900 

tOS.500 

1.2?5,'00 

780.800 

2.812.500 

6-6.300 

760.600 

2,0M.300 

S76,400 

2.171  500 

83'i.500 

1.295.100 

1.0.'i7.800 


688.800 
810.800 
5.'i0.900 
490,800 
199,500 
283,800 
6»4.4'.'0 
557,000 

^u:im 

203.50(1 
476,700 
334.500 
814.000 
219,700 
435.OO0 
148,000 
346,U(0 
343,9'Ju 
8^.5(0 
1,654.600 

1761150 
750,500 
561  .Ml 
•2S5,400 
459,000 
WAKl 
981,400 
TA>M 
119,000 
5»l.7l)0 
989,200 
530  .OOf; 
486.100 
152.J0U 
45.100 
506 .2i« 
54i,;oo 
610.9(x, 
»7;.9'J<j 
300,000 
4!t.,3(;o 
312,100 
688.300 
967,-ilit 
986.100 
179,5oG 
581.300 
898.J00 


BorrO'N,    PHILADBLPHIA,  Etc.-Vontlnaed. 


SaOOBITIBS. 


Bid.  Ask 


Total J.50.850.000    «134.997,100     {450.300     l9,8iS,000    162.372. ItO  «21  8^5.800 

The  total  amount  "doe  tootherBankR."  as  per  siatemen  tot  S.:pt.  20.  is  $23,383,100 
The  deviations  frnru  last  week's  returns  are  as  tollowo: 

TiOans „!ncreai!e.     M9,-i()0  i  Deposits Increase.        88,503 

Specie Decrea«e.    SSiOiO    Clrcnlatfon Increase.       73.700 

Lesal  Tenders Increase.    $353.800  1 

•Not  received— Same  as  lastweelc. 
;,  The  following  are  tile  totals  for  a  series  of  weeks  past : 

""*"  kSiP^'^,        ^^^""^  Legal  Tenders.    Deposits.  Circulation. 

'Ki!?-2?^  '"•*"  8,997,400  5ii,357.1i.O  24.(55.700 

,'3i'?25-2^  ™'*"'  il.»16.900  52.823.:i«l  24.959.001) 

134,16,,300  712,-00  9  529,200  62,333,600  21,812,100 

131,997,100  4S0.8'JO  9,Ss3,000  5;.:ni.i00  44.535,800 

PiUIadelplila  (tanks. — Tlii  following  Is  tiie  average  con- 
dition of  the  Philadelpliia  National  Banks  for  the  week  preced 
ing  Monday,  Sept.  20,  1875  ;  - 


Uate. 

Anx.  30 

Sept.  6  

Sept.  13 

Sept.  20 


_        BanKS.  i;aput*l, 

miladelphla 11,500,000 

NorthAraerlca 1,000,000 

IFarmersand  Mech.  2.000,000 

Oominercilal 310,000 

Mechanics'  800,000 

Sank  N.  Liberties.  500,00o 

.Southwark 250,000 

iKenslnston 250,000 

Penn 500,000 

Western 400,000 

Manufactnrers'....  1,000,000 

Bank  o(  Commerce  250.000 

Olrard 1,000,000 

Tradesmen's 200,0«i 

floasoildatlon 300,000 

City 400,000 

Uommonwealth....  300,000 

Corn  Bxchange....  500,000 

Onion...  500.000 

First 1,000,000 

Third 300,000 

Bllth 150,000 

Saventn 250,000 

Blehth 279.000 

Central 750,100 

Bank  of  Republic  l,000,l'00 

Security  250.010 


»5,JIIO,000 

4.588,000 

6,336,600 

2,591,000 

2,1)8.500 

3,102.000 

1.522.42; 

1,0:8,610 

1.356.'213 

2.275.103 

2,601,0(10 

785.485 

4,S47,000 

1.553,010 

1.213,909 

1.531,8;7 

867,000 

2,!3l,0(Kl 

1,694.01  lO 

4,407,000 

966,5,5(1 

SfiS.OOO 

655J00 

1.076.000 

4.190.0U0 

2.301,000 

716.000 


8p.;cie. 

L.Tende 

»7 1,000 

«1,210,000 

1.068.000 

23,4(0 

1,460,100 

5.0(0 

536.000 

863 

256,800 

616,000 

2.9E2 

641,260 

230,000 

1,010 

197,297 

9,038 

704,107 

310,000 

345 

156,550 

9,000 

920,000 

7,000 

502,000 

201,863 

3,624 

■293,284 

V4.»U 

7,351 

748,000 

329.000 

15,000 

1,278.000 

318,000 

102,000 

r25,000 

180,000 

2,000 

1,023.000 

420,000 

114,000 

Total  nev 

Tender .  Ileposlts.Ciiculat'n. 

$3,915,000     $1,000,000 

3.290.000  798,000 

5.187.200  1.000,0(X) 

1,641,000  623.(00 

;.2!6,80J  430,000 

2,671.000  42l.oa' 

1,578.702  199.070 

727,916  223,6,10 

895.686  209,779 

2.516.872  213.100 

1.6'23.000  542.000 

5S3,3«  195.585 

3.215,000  588,000 

•-,104,000  .80.(01 

SO  .065  270.000 

991.911  357.378 

532.0.10  213,000 

2.249.000  271, 050 

1.410,000  804.000 

8.924,0(0  795,000 

S84,639  262.780 

430.000  135.00(1 

467.000  219.350 

790.000  210.540 

4,102,000  467,000 

1.096.000  800.000 

485,000  1U0,C00 


PIII1.ADKI.PIIIA. 

BTAT«  AND  OITT  noHDB. 

PennsylvanlaSs.  coup 

do  do    rex 

do  61,10-16,  2d 

do  rto      16-28. 8d.. 

miladelptala  6s,  old 

do  6s,  new 

AUeihany  County  6b,  coup... 

Plttsburn  4s 

do       58 — 

ao      7s 

New  Jersey  State  6s,  ExempU 

Cam'len  Coauty  6b 

Camden  City  7b 

Delaware  6h 

Harrlaharg  City  6s 

aalLBOAD  BTOOKB. 

Camden  *  Atlantic... 

do  do      pre! 

Catawlssa 

do        pref 

do        new  pref 

KlmlraA  WlUlnuisport 

Klmlra  ft  WUllamsport  pref. 

Bast  Pennsylvania...... 

HuntlngJon  ft  Broad  Top  .. 
Ao  do     pref. 

Lehigh  Valley 

LlttloSchuylklll 

MlnehlU ,.. 

Nesquehonlng  Valley 

Korrlstown 

Northern  Central 

North  P'^nnsyl-valila 

OllC-eek  i  Allegheny  River 

Peni  pyivanla 

Pnllailelptila  ftErle 

PniiHiielphla*  Keaiilng 

Plillndclphla  &  Trenton 

phlla..  'iVllmlnii.*  llaltlmore 

United  N. . I.  Companies 

west Chister contoi.  pref 

WestJersev 

OAKAL  BTOOKB. 

Lehigh  Navigation 

Morrla 

do    pref  

Schuylkill  Navigation. . ...... 

do  pref.  .. 


Total....... $16.4«6.0O(  $62,317,600    »167,4;6     $14,071,761     $48,688,015   $11,188,217 

TnedeviaUons from  the  returnsot  previousweek are  as  IoIIowb: 

Loans Inc.   «27n.i74  i  Deposits Dec     1626,481 

Specie..     . Dec.       73.004  I  Cire.nl  atlon  .Inc.         86,784 

Lftsai  Tender  Notes Inc..      45,673  I 

The  following  are  the  totals  tor  a  series  of  weeks  past : 
Date.  Loans.  Specie.    Logat'l'ender.     Denoslts.  Clrcnlatlon 

Aug.  30 61.T2fl.l28  309,560  14,231.297  49.456.f;63  11,159.610 

Bept.  6 61,586.926  S27.;47  14.314.511  49.562.915  11.0-23.481 

Sept.  13...         .   .      62,047,423  240,130  14,0-26,088    .      49,311,496  11,101,413 

&ept.20 6-2,317.600  167.476  i4,07!.761  48,688,015  11,188.217 


ftUUTATIONS  m   miSTilV.  PHILAIIKLPHIA    AND  OTHER    CITIES 


SKOCEITIKS. 


BOSTON. 

Malne6B 

New  Uamp8hlre,6s 

Vermont  8s 

Massachusetts  6b,  Gold 

do  .58,  Gold 

Boston  6s,  Currency 

do     5s,gold  

Chicago  Sewerage  78 

do       Municipal  7s 

Portland  6s 

Atcfa.  ft  TopekalBt  m.7s 

do  land  gt.  7s... 

do  2d  7s 

do  land  Inc.  128. 

Boston  ft  All  tany  78 

Boston  ft  Maine  7s .,.    .. 

Burllnston  ft  Mo.  Neb.  8s,  1394 
do  ilii    Nob.  8s,  1883. 

Eastern  Mass..  78..   

Ind.  Cln.ft  Laf.  7a.  1869 

do  equipment  lOs, 

rto         funded  debt  7s 

O^denaburg  *  Lake  Ch .  8s 

Old  Col.  ft  Newport  Bds,  7.  'TJ. 

Itatland,  ne\?  78 

Verm'tCen.,  lstM.,con8.,7,'86 

do      2d  Mort.,7, 1891.. 
Vermont  ft  Can.,  new,  Ss 


104S 


106M 


103X 


lUK 

111 


lo« 


71 « 
87X 
96 

lilH 


SE0TTBITIE8. 


Bid.  Ask 


Vermont  ft  Mass..  iBtM.  6. '83. 

8TOOK8. 

BoBton  ft  Albany  stock 

Boston  ft  Lowell  stock 

Boston  ft  Maine 

Boston  ft  Providence  

Burllnnton  ft  Mo.lnNebraska 

Ciieshlre  preferred 

Chlcaeu,  liur.  ft  (julncy 

Clu., Sandusky  ft  Clev. stock. 

Concord  

Connecticut  River 

'.lonuectlcut  ft  Passumpslc,  pf. 

Kastein  (Mass  ) 

Kastern  (New  Hampshire) . . . 

iTuchbprg  

.Manchester  ft  Lawrence 

Nashua  ft  Lowell 

Northern  ol  New  Hampshire. 

Norwich  ft  W  orcester 

Ogdens.  A  L.  (Jh.implaln 

do  do      prei 

OidColony 

Port,,  Saco  ft  Portamouth. , . 

Kutland  common 

do     preferred 

Vermont  &  Canada 

Vermont  ft  Massachusetts.. . . 
Worcester  A  Nuhna 


lOOX 


156  J< 
42 


112 
11)^ 


SOX 
127' 
bo" 

rii' 

32 )« 
34 

lllV 
80 
1 

15 
21 
97V 


1S8X 

114" 
157 

45 

6-2 
'.12V( 

n% 


SOX 

127  Ji 
'.34 

S4 


34K 

«6' 


1U5 

lOlX 


90« 
iOH 

44 

41H 

23 

38 

40« 


SIX 

50>4 

535( 

54>4 

96 

J9 

53 

\U\ 

50K 

20s 

3«X 


12»5< 
56 


5: 
125 


IS** 


M 
105S 


BALTinORR. 

Maryland  6s.  delence,  J.  ft  J.. 

do        6b.  exempt.  lt<87 

do        68, 11-90.  quarterly. 

do        5s,  quarterly 

Baltimore  6s,  1884,  quartr  rly 


SAILBOAD  BONDB. 

Allegheny  Val  7  S-lOs.  1896  ,    . 

do       78  E.  Ext..l9l0 

do     Inc.  7eend.'94.. 

BelvldereDelaware.lstm,6.'77 

(I  do      2d  M.  6b,  85 

do  do       8d  M.  6s,'87 

Camaen  ft  AniDoy.Ss,  '83 

,10  do       6»,  "89. , 

do  domort.6s, '1 

Cam.  ft  Atlan.  1st  m,  78,  g.  1903 

do  2d  do 7b.  18811,. 

Cam.  ft  Burlington  Co,  6s,  '97 

i.atawissa,  new  7-'.  1900 

Cayuga  Lake  1st  m.  g.  7^1901 
Connecting  6s  1900-1904,. 

1  hartlers  7s.  1901 

Dan..H.  ft  W  likes,  Ist  m,7e,'87 
D'laware  mort.  6s,  various 
East  Penn.  1st  morl.78.'88. 
Bl.ft  W'mspoit.  1st  m.  78. '30. 
do  do    5s,  perp 

Harrlshnrg  1st  mort.ffl.'SS... 

a.ft  B.  T.  1st  mort.  78, '90 

do      2d  mort.  78,  '75... 
do       3d  m.  cons.  78, '95 

Ithaca*  Athens  g.78.'90 

Junction  let  mort.  68,  '8o. ,     . 
rto       2d       do  1900(93) 

Lehigh  Valley, 6s,  1898 

do         do  do      reg,  1898 

ao        do         do        7s,  1910 

do        do  do  reg  19iS 

Little  Schuylkll  l.let  M.. 7. 18T7, 

Northern  Central.  21  m.,68,'85 

NonOern  Pnclflc  7  3-lOs.  1900, 

North  Penn.  Istm,  6b, '85 

do  2dm.-iB,'96 

do  chattel  M.  lOs 

gen.  M.  7s,  1903 


86 

48 
UO 

95 

39 
100 

ico 

05J( 

08 
106K 

91 
104X 

80 

94 

2i' 
lOl 

lOO 
103 

62 
102 
i05 
iOO 

50 
lOO 

98 

95 
)04 
104M 
ilO 

99)4 
;00 

lOS 
103 
lOl 
104 


17* 


7 
14 


1S9>1 


90X: 


96 
91 
ICl 

IMS 

167"' 

9iji 


SBOCBITTBB, 


llOiK 

1:0 
104K 

loV 

lOG 
105 
105 
106 
108 
105 
105 


lllH 


59 
103K 


llOX 
100 


Rn,'97.. 

■7-1  

COUT.,  '82 

conr.,  g.'»4, 

gold,  '97 

,«,  1876 

,  1876 

'85 


do 

do 

do 

do 

do 

Morris,  1st  M 

do      2dM 

do      boat, 

Pennsylvanla68, 1910.. 

BchiiylklllNav.  lat  m.6s,'97. , 

do        2d  m.,  68, 1907 

do        m,  6b.  c,  '95. 

do        6s, Imp. .'80... 

Jo  6s,  boat  ft  ca*-. 1918 

do  78,boatft  car. 1915 

do  Bcrip 

t^uBgnehanpa  6b.  1894, . . 


81 X 
lOJX 


109 
76k 


„  ,.  104K 

Oil  Creek*  Ale.  U..e.  n.78.'88   ,53  60 

OllCreeklst  m.7«,'82 80  85 

Pennft  N.Y.C&P.  U',8.-96-1906,  iin  107X 
Pennsylvania, IBt  M.,6, i»80...  i03 

do        gen.  m.  1910,  coup     ..  ioi)« 

do         gen.  m.,  reg.,  1910  iBSH  103K 

Perklomen  Ist  m.6s,'97. '  Si2 

Phlla.  ft  Erie  1st  lu. 68, '81 99     110 

do  2d  m.  7b.'B8 SS^    89!k 

Philadelphia  ft  Reading  6b,  80  i03 

rto  do       7s,  '93  i09 

do  deb. bonds, -93   31)^ 

do  g.m.7s,c.  1911  1O7 

do  do    reg.',911  lOI 

do         new  conv.  78,  '.893  i09 

doCoalft  l,Com.,78.'92-'3    .. 

Pitts.,  Cln.  ft  St.  Louis  7b, '90,,    75 

ShamoklnV.  &  Pottsv.  7s,19Cl.   86 

Steubenville  ft  Indiana 7h. '84,    75 

Stony  Ci  eek.  Ist  m..  78, 1907. . .  lOO 

Sunburyft  Erie  let  m.78.'(7,,  lOO 

Sunbury  ft  Lewlston  78. 1390..    25 

Union  ft  I'ituBvllle 

Diilted  N.  J.  c  ns.  m.  68,  91..  lOO 

Warren*  F.  Ist  m.  (8, '96 75 

Westchester  conB.:8.'91.  ...  i05 

West  Jersey  1st  m.  68, '96 93H 

do  do    78,  '.397,...  -.06 

Western  Penn.  RB.68. 1393. 

do        do     6sPb'96 so 

Wllmlng.&Kead„l8tM., 7,190(1    47 
do  do   2d  Mort,  1902 


OAXAI,  BONDS 

Delaware  Division  6s.  '73. . 
Lehjgh  Navigation  6b, '31.. 


do  68. 1836,  J.  ft  J 

do  6«,  189(1.  quarterly... 

do  6s,Park,  139; ,  «  — M 

do  68, 1-93.  M.  ft  S 

do  6«.  exempt,'93,.M.ft  S 

do  6b,190O,J.&u 

do  «B,  190-2,     do    

Norlolk  -Wati^Ss 

BAIl.ROAP  BTOOKB.      Par, 

Bait  &Ohio-8t.  ck 100:76M 

do        Wa«h.Brarch..'00 
do      Parkersburg  Br.  50 

Northern  Central 50    29 

Western  nary  land 50     5 

Centra  I  hlo 50   41M 

Pittsburgh  ft  Connellsvllle.  60     6K 

RAILKOAl-  HO>D-. 

Balt.ftOhli    68,  lt-80,  J.ft  J...,  104 

do  68.  18J.5.  A.  A  O.,.  106 

N.W.V8,,3d  M.rgoar)'-5.  J.&J,  lOil 

Plttsb,  ftCtnLellsv.  7s,'98,  UO     93>( 

Northern  Cential  68. 1835.    do   100 

do  6e,  19011. A.*0.   97 

do  66,gold,1900,  ,1  *J,    97 

Cen.  Ohlo6>,UtM..!8<'0,M.ftS.    97 

W.  Md.  6s,  lstM.,(gr)'90,J.»  J.  ICO 

do  iBtM.,  MO.  ).«■),      87 

di.  2tl  M..  (gu«r.)  J.ftJ.  1(0 

do  2d  M..  (pref.) 

do  2'M.(gr.by  w.  o.)J,ftJ,   MX 
do     6e,  3d  M  ,  (guar.)  J.ft  J.  101) 
Mar.  ft  Cin.7B.  F.  *  A.,  t692. ,.  105 

do  2d.M.*   N 95X 

do        8f,3d,J.4J 78 

Union  PR.,  Istpuar..  J   *  J..   90 
do       Canton  endorsed..  90)4 

MTSCELLANEOtte. 

Baltimore  Gas,  certlflcate" l(tt 

People's  Gas 26>i 

^VASHINGTON. 

Perm,  Imp., 68, g,  1391 

do          7s,rs9! 97 

«f arket  Stock  bonds,  7b,  1?92.  ,  97 

Water  Stock  bonds  78, 1901 ... ,  98 

7».  19(8...  98 

Fund.  Loan  (Cong.)  3.658.  19-24  66X 

9  year  Cers.,  7  3-10,  1875 100 

Ten  year  Bonds,  68, 1878 92 

Konrt.Loati  (l-'ong)  6  g,  1892..  . 

Fund.Lonn  (Lee). is.g,  1902..  99X 

Cei  n.of  Slock  ;i?-28)  58,  at  pleao  65 

"             "      (1843)6s,atpleas  80 

Ches.  &O.Bt'k('47)68,atplea8.  so 
Board  of  Public  Works— 

Cera.  Gen.  Imp.3i,  1874 S9X 

<io                       1875 894 

do                       1876 S»Jr 

do                       1877  89k 

do                       1878 89X 

do                         Serlea.  89* 

Certtflcates,  Sewer.  88,1871-77.  95 

Water  Certificates.  8".  1377.,,  99 

General  block.  8s.  ".881 95 

do           6s.  at  phasnte.  80 

Bounty  Block.  68.         do  60 
Market  stuck,  6s,          dj 


CINCINNATI. 

Cincinnati  5s 

do  *s 

do         78 

do  7-S08 

Cincinnati  South'n  RR.  7.30s"' 

Ham.Co..Ohlo6p.c.,ong  bdb, 

do  do     7p.c.,lto5yr«. 

do  do     lgbdB,7  *'i.30f 

Cin.  ft  Cov. Bridge  stock,  pref 

do  bonds,  long. 

CIn.,Ham.*D..l8tM.,-7,  80. 

do  do       -2d  M.,  7, -85. 

do  do  3dM.,3,77. 
Cln..  Ham.ft  Ind.78gn8r  ..,, 
Cin.  ft  Indiana,  Ist  M.,7 

do  do     2d  M.,7, 1877.. 

Colum.,  *  Xenia,  Ist  M.,  7,  '90. 
Dayton  ft  Mich.,  iBt  M.,7    Si- 
do  do       2d  M.,7, '84.. 

do  do       3d  Mm  7, '88.. 

do  To'do  dep.  bds,7, 'Sl-'94, 
Dayton  ft  West.,  Ist  M.,  1881. .. 

do  do       let  M.,  19(«.. 

do  do      Ist  M.,6, 1905 

Ind..  Cln.  ft  Laf., iBt  M.,7 

do  (I.ftC)  let  M.,7, 1888 

Little  Miami,  6, 1883 

Cln,  Ham.  *  Dayton  stock.. .. 

Columbus  &  Xenla  stock 

Dayton  ft  Michigan  stock  .... 

do         8  p,  c.st'kgnar 

Little  Miami  stock 


95 

101 

101 
96 

105 

105 

10314 

102 

102 

100 
6SX 
94S 

92 
80 
93 
95 
75 


100 
102 

»7X 

98 

»i" 

103 

«1 


i,oi;isv]E.iiE. 

Louisville  6b. '82  to '87 


103 


lOSH 


•80 
•92 
'103 
•106 

102 

•92 

•iro 

•102 

115 

90 
101 

93)4 
100 

80 

90 

-.4 
100 
100 

91 

90 

98 
•100 

85 

75 

71 

92 

93 

50 

96 

42 
103 

95 


do 
do 
do 
do 
do 


do 
do 
do 
do 
do 


«k 


39 
94 

105 
107 
106 
94 

lOtl 
105 
1-20 
95 

:o3 

95 

102 
31 
91 
76 

1(8 

102 
98 
92 

10(1 


73 
•4 
94 
58 

98 
44 

104 
96 


»o,  '97  to '98 

■Watei  68, '87  to '89, 
Water  Stock  6s,  '9' 

Wharf  6b 

special  tax  68  of  '89. 
Jeirr,Mad.AI,l8tM.(IftM)7,'81 

do  do    2dM,,7, 

do  do    Ist  M.,7, 1906.... 

LonlST.  C.  *  Lex.,  Ist  M.,7,  '97.. 

louls.ftFr'k.,lBtM,,6,'70-'78.. 

do       LoulBv.  Loan,6.'81 

L.  «NaBh.l8tM.(m.B,)  7, '77  , 

do    Lott.  Loan  (m. 8.16. '8f-n" 

do      (Leb.Br.)6.'S6 

iBtM.  (Mem.  Br)7,'70-'75. 

l8tM.(Leb.br.ex)  I.  '30- '85 

Lou.L'n(Leb.br.ex)6,*93 

uu    Consol.  Ist  M.,7, 1898 

Jefferson..  Mad.  *  Ind 

Loulsv.,  Cln.A  Lex.. pref 

do  do  common. 

LonlavlUe  ft  Nashville 


90» 

90 

90 

90 

90 

90 

89 

.0 

ma 

75 

85 

S9 

95 

B7X 

90 

98K 


ST.  Lons. 

St  Louis  68,  Long  Bonds.,, 

Jo       WateiSe  gold *|1WD< 

rto  do       do  (new^*    .... 

do  Bridge  Approach  g.6s*    

rto  Renewal  gold  6a •104)4 

do  Sewer  g.  6s  (rtuc'91,2-3)'  104i< 
St.  Louis  Co.  new  Pa.  k  ff.  68...    .. 

do         c'y,  78 •  lOSH 

At.*  Paclflc  gnar.  land  grants    88 
tlo       2U  M.  (funded)....    ... 

*  And  Interest.  I 


93 

91 

91 

91 

91 

91 

•0 

71 

89 

J» 

86 

90 

96 

88 

90X 

!19 

89 

t 

32 


100 


|03 
l04H 


September  25,  1875.] 


THE   CHRONICLE. 


301 


GENERAL  QUOTATIONS  OP  STOCKS  AND  BONDS  IN  NEW  YORK. 
U.  8.  B<md»  an*  mttJM  Baiiroad  OtoeJU  or*  ^ucttd  <m  a  prtmotu  page.    Prieet  r«t>r«iuint  the  ver  oent  value.  u)/uU»B«r  the  par  may  h  » 


tWt'KI  fl  W. 


•MM  ■*■<•. 


*• ofl« 

ti,L.B.  •»»-•■ 


4e 
«o 


U*ltroral«1*. 
ntli 


T».»MM.O.*%BtT 


•o       K.  •■*>rM4.... 
*»       'k.toMboadi.. 

UUboI*  ••  eospoD.  ijn.  ■ 

oo       Warlo«B 


E      S: of  ink.. 

So       ti.!**- 

S    Sim --iii- 

io       «s  UK- 

*>    *>         22 

to     ««  JSS- 

ate           1*)* 
4e          lao 

tM*«wtaUM4. 


»* 


■M 


nmrsiTtu. 


Ballr*a4  ■•■>«■. 

(«oe*  JbrtOTW  Prit—i 
AltMay  *  Swq^Tut  boBda. . . 

(JO^       *o       M     «o     .... 

do  do       8d     do     — 

Bo«taa,  Hirtf.  *  Krtc.  lit  mort 

do  do  Kiur 


j;  te        ex  coop    ....    M      Lafijrel 


I 


te      te  <•  <■<■ 


Ml 

:« 

WH 

wn 


to 

te 


I*,  te      do  . 

Si.  te      do  ..Ml*. 

■.CHS. 


s» 


MtV 


•  a«J.*J. 


IM 
>U 
IM 


s 


Cb« — , . 

Jo  te        ez  coop 

ChloMO  A  Alto»  itnlrlin  faa. 

do  do    Itt  mort 

do  do     tncomfl 

JoUet  *  Cklcaco.  Ut  mort 

LoaUlaufWa.  IS "••,«?"• 

St.  LoaK,  Jaek.  •  Cbie- IM  B . 

Chic, Bw. So. *  »■  e.  M B. . . 

do  do   ooaiol.  m.  Ti 

Ckle^o.  Rk.  talMd  *  PM»«J- 

do       8.  f .  iM-  ••.^ 

Onlral  o(  S.  J.,  Ul  m..  uw. . . 

te         te     iMseaMl.... 

do         4b    aoa-aoaT..... 

ABi.  DoakJteproT*.  bond.. . 

SiTX  St.  n»i  ut  ■».  te.  r .  9 

te    1 1.M  do. 

aCoM.  B.  D. 

IMmJ.AMJ>. 
Mm.  I.*I>.. 
tM  B.  H.  *  D. 
MB.  CAM. 

tfCoaMl.  ... 
■•  ^*S.  y 
Miik.rud. 


llOX 


at**  M* 
te         te  >*»".?i». 

te        da  — 

lovtUldlud  IM 
0>l«**CMt*«* 

Wteou  *  M.  PM«S.  IM  aMM. 
do  do  H.*^?^ 


te     1ikeo*T 


Mom*  *  iMcx.  IM  Mrt. . . 

-   5 

to         to 


MMM^u::  i*)t 


IMM    Wntcm 


UIX 
IBM 


WM 


•■ovunss. 


Tol.  *  Wabaili,  lit  m.  BtX.  dtv 

do  do       3dmort 

to  do       eqalpm't  bds 

to  do        con.cODTert. 

Hanallwl  A  Naples,  lit  mori.. . 

Oraat  Weaum,  in  mort.,  1888. 
to  Umort.,  im.. 

*  Toleto,  itt  mort.  1810 

.  Unofa  *  So.  Iowa.  Ut  mort... 

Lafajrettc.  Bl*!!  &  Mlu.,litm. 

Han.  A  Central  Missouri,  IBtm. 

Pekln  J.lncoln  *  Decatur,  Ist  m 

Cln.,  Lafarette  A  Chic,  1st  m. 

Del.  A  Hndf  on  Canal,  Ist  m.,  *91 


do 

do 


ll 


It        jOM*   *> 

SScMMOL 
to  m  aMadi 
S  awMaLMa^ 

|rM«lN««ka. 


to   P' 
.Bar.AOafe 


lias 

H 


«. 

Haa.  A  ft.  J*.  laa<  BitoM. . , . . 
,to         to  __tt.migf.mm%... 

^'•.-i.  to.7».c.  Mbotl 

'.  li.*]l.fad.,i.r..T>.«. 
'.•.ATaLHalAia  tw«.... 
do         to  aavlaMi.,.,.. 


.     IM. 

aaay^  aa.. 

Mariana*  Ob.  Ma" 

"'^to'^'BfV.tf 

Saw  Janr  ISCra.  M  a.'K 

to  to     aiaaaTli 

SavTafk  ^aimJUmm  «h. . , 

£     |ia-r~ 

to  £aaaT..IM,... 

to  *  «ainL  tal  a..  Ma». 
to  to  IMai_  faa... 
Batooa  ■.«,•!■.  a.  ?d.  ilk. 

to        to  raa 


mtt  M 


MK 


Long  Island  KR. 
toath 


1881 
18Ti 


Side,  L.  1.,  1st  m.  bonda. 

m  Union  Tel.,  Ut  m.  7s. 


MiacollaBeona  Llat. 

itrottn'  QiioKUtoiu.) 
cm  as. 

AIbaaT,N.T..te 

BoOaio  Water 

oo      Par* 

Chleaso  ta.  Ions  datea 

do      *s,  seweraca 

to      "'».  water.  ...    . — 
to      la.  rlTerlmproTcmaat 
to       "s,  varloos 

Clanlaod'^s 

Datroll  Water  Works's.  .... 

KlliatMtli  Cllj,  dae  « 

"        -    •• 

Hartford  (a 

Indlaoapolls  ma 

Hevark  Cllj  7s 

Oawearp ^^      

Poaiakeepale  water 

RaSeaUr  City  Water  bto.,  •» 

iToletoT'Ma 

Toakara  Water,  doe  im . 

aAiLanjkOs. 

AtchlsoD  A  P.  r<-ak.  ta,  cold.. . 

AHastte  *  PadBc  L.O.  fa,  (Id 

AtcklaoB*  Ilabiaaka.l».e... 

Bar.  *  Mo.  lUT^Uad  ai.  Ta.. . . 
to  to       »dBMto1a... 


do 


to         BMaSkaaia 
to         Loikaato  ,.. 


Uaaaaaaaaaa  (»ai »t  mi. 

ICo«l4lraa 


M8.,to  la. 
Mh«.,toaa... 
MfcB,.tola.,. 
_  —        «US..tola.  . 

Bar.C.  R. •  M.  (M. dtr.),  r. Ta. 
Cairo  *ralloa  Jet  Ta,  fold  . 
SmoralaPaa.Ut.  1>,fold... 
to  «a.ldm..i 

Caaato  •  Baaikara  IM  Ta.  cold 
CaamlPaeMets,  cold,  cobt 
Caatral  eflowa  Mm.  Ta.  told 
te  to    Id  m.  Ta,  gold 

■aokak*  St.PaalBi... 

l!*J»^!f  •••4: 
Nana  *.ltaa,k 

rnB.Talla7*i 
AWanav  la.... 
.3raa4TTaak.  .. 
Dab.*  Minn. as.. 
I*  HaanltMl  K.  Is. 
Chlcam*  Ia«aK.la... 
laartiaaraatral  la.... 

lH    MTa,a>T< 
,.  CUaloa  *  Dab.  la  .. 

.^•s?fi:."»"g'7? 

*  Vlao«>'s7s,ild 

teiaiTi:::; 

■  1a*  IB.  Bfua. 
hjlajiaar.... 

_  _  arAin.ls 

*  Lake  M.  1st  m.  ia 
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Lake  Bap.  *  MIse.  Ist  7a.  gold. 

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Lear.,  Law.  *  OaJ.  1st  m..  lOs.. 

I  iiaia  .  Oraw.  B  S.  w.  aa.gld. 

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MoalelS^MTs,gold 

Ma-Kauaa  *  Taxaa       gold.. 

MorKTrtTB,  *  Onlf  istji.  10a. 
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to  )d7s 


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nmnt «  *  Roothwestern  RR,  ss 

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Peoria,  Pekln  *  J.  1st  mort 

Peoria*  Rock  I.7s,gold 

Port  Bnron  *  L.  M.  Ts.  gld,  end 

Pallman  Palace  Car  Co.  atook. 

do        bds,  88, 4th  series 

RockTd,  R.  I.  *  St.  L.  Ut  7B.  gld 

"  ■■  "    gold. 


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do 
St.  Jo.  *  C.  Bl.  1st  mort.  10s... 

do         do  8  p.  c. 

St.  Jo.  *  Den.  C.  8s,  gld,  W.  D. 

do  do     Ba,  gld,  E.  D.. 

SandiukT,  Mans.  *  Newark  7s. 
St..Loiils,  VandaUa  *  T.  H.  1st. 

do  do  3d,  guar. 

St.  L.  *  So'eastern  1st  7s,  gold. 
St.L.*  LMt.  iArk.Br.)7s,g. 
Sonthem  Central  of  N.  Y.  7a.. 

Union*  LoRanBport78 

Union  Pacldc.  So.  branch,  6a,  g 
Walklll  Valley  Ut  7s,  gold.... 
Weat  Wisconsin 7s, gold...,  . 
Wlacoaaln  Valler  8a 

Sovtkern  Secnrltlea, 

Broken*  Quotatunu.j 

8TATIS. 

LoBlalana  new  consol.  7a 

Sontb  Carolina  new  conaol.  (a. 
Texaa  State  is,  \9n  

do       6a,  I8>|.3.... 

do       7a,  gold 

do      10s,  of  1884... 

do      10s,  pension 

CITIK8. 

Atlanta,  Ga.,  78 

do       Bs 

.^nffusta.  Ga.,  7s,  bonds. 

t.,liMrl«ston  stock  6a  —     

Cbarleaton.  S.  C, 's,  F.  L.  bds. 

Colombia,  8.  C,  6s 

Columbus,  Ua.,  7s,  bonds 

Lriiekburg6a    

MaeOB  7s,  bonds 

""        ■  ■  old  bunds,6a... 

do      newbond6,68 

do      end.,  M.  *  C.  BB.  ... 

MobUa  lla,(eoupa.  on) 

to     8a,(coupa.  on) 

MoBlaomerr  8s. 

HaakTUIe6a,oW, 

Kaw  BglaAlT. .."!'.'."! '. 
oonaol.  6a  .. 

bonda,  Ta..... 

gold  Ta,  qtiarterly 

lOa 

to  rallroada,  6a. 

Norfolk  6a 

Petenburg6a 

R]ekmoiur6a 

8aTannah7s,old 

do       78,  new 

WOaUngtoB,  M,C.,6a,gold.... 
to  do     8a,  gold.... 

RAlLKOADa. 

Ala.*C')isit.  lit  in. as., end.... 
Ala.  *  Ti'nu.  U.  Isi  mort.  7s. . . 
do         do         3dmorL/8. ... 

Atlantic  *  Golf,  conaol.T. 

to  to   and,  toTaali. 

do  do   Btoek. 

do  do      do    guar... 

CaroUaa  Central  lat  m.  la,  g,,. 
Caatral  Georgia  conaol.  m.  is, 

do  atock 

Cbartolta  Col.  *  A.  Ist  M.  Ta,. . 

„  do      stock 

CbarttaloB  *  SaTaanah  6a,  end 
BaTaanah  *  Char,  lat  m.  7b,,. 

kW  A  Darlington  7s 

tcnn.*  Georgia  6a 

MMTean.  *  Va.  6a,  end.  Tenn 
..  Taaa.  Va.  *  Oa.  1st  m.  Ta.. 

^_  do        atock 

Oaoftia  RK.'s 

to  stock 

OiaenTllle  *  Col.  7s,  guar 

to  do    7s,  crrtlf... 

MaeoB  *  Bmnswtek  end.Ta.. 

Maeoa  *  AnguaU  bonda 

to  do      eodoraed,.. 

to  do      atock 

Monphls  *  Charleston  IstTs.. 
do  do         MTs.. 

to  do         stock 

Mtmpbis  A  Little  Rock  Istm. 
Mlaalaalppi  Central  1st  m.  78.. 
do  UUI.8S... 

Mlaalaalppi  A  Tenn.  1st  m.  's. 
do  do     consol,  Ba 

MOBtaomerr  *  West  1*.  1st  8s. 
do  do  Income 

Moat.  *  Knfaola  lat  Ba,  g.  end. 
Mobile  *  Mont.  Da,  gold,  end. 

Mobile  *  Ohio  sterling 

do  do      do    ex  certtf 

do  do  Ba,  Intereat.... 

do  do  M  mort.  88..., 

do  to  alock 

t(.  Orlaaaa  *  Jacks.  Istni 

do  do    certlf's  Bs. 

N.  Oriaaua  *  Oprlous.  1st  m.  Bs 
NaabTllle  A  Chattanooga  Ba. . . 
Rorfolk  *  Petersburg  1st  m.  8s 
do  do  7s 

do  do         2d  m.  Ba 

Nortlwaatem,  S.  C.  Ut  m.  as. 
do  Mm.Ba... 

Orange  *  AlczandrU,  lata,  6s,. 
do  do  3da,  to. . 

to  do  Bds,  8a 

to  do         4ths,  as. 

BIchm'd  *  Petersb'B  1st  m.  7a. 
Rtota..  FreHub'g  *  Poto.  to. . . . 

do  do  CODT.TS 

Rich.  *OanT.  latconaoJ.  6a.. 
Southwest  HK.  Ga,lstm. 
B.  Carolina  KR.  Ist  in,  7s,  new 

do  6a 

do  7s...  

to  stock 

Weat  Alabama  Bs,  guar 

I        FAar  DUB  coupoita. 

iTennesace  State  ooopona 

Vlifloia  coupons 

do      consol.  coup 

Mam phla  City  coupons 


21 

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TOCHBOTiq^ 


[September  25,  1875. 


ilnuestments 


STATE,  CITY  AND  CORPORATION  FINANCES. 

The  "  Investors' Suppiement"  is  published  ou  the  last  Saturday 
of  each  mouth,  and  furniahed  to  all  regular  sub.icribera  of  the 
Chronicle. 


Alaliama  &  Chattanooga.— A  meeting  of  the  holders  of  first 
mart^Agd  boads  waa  hel>l  this  week,  called  by  L,  B.  Ulnase,  a 
holder  of  these  bonds,  and  also  a  rupresentative  of  foreign  bond- 
holders,  for  iho  purpose  of  hearing  from  Mr.  Robert  II.  timith,  of 
Mobile,  who  addressed  the  meetin^if.  Mr.  Snitli  thought  the  pri- 
ority of  receivers"  certificates  couU  be  disputed  by  the  first  mort- 
gage liondbolders.  lie  advisfjd  ihat  the  latter  unite  to  purchase 
the  railroad  by  the  surrender  of  a  sufficient  number  of  their  bonds 
to  covar  the  debt  of  $1,300,000.  According  to  a  decree  of  the 
Court  this  may  lie  done  before  Oct.  11,  but  not  afterward.  Once 
in  possession  of  the  property,  the  first  mortgage  bondholders 
could  mike  settlement  with  the  S'ato  of  Alabama,  and  either 
compromise  vith,  or  still  further  contest  the  claims  of,  holders  of 
prior-lieu  certificates.  The  Stale  of  Alabama  indorsed  the  first 
mortgage  bonds  of  the  Alabama  &  Chattanooga  Railroad  to  the 
amount  of  .|;4.7i0,000,  and  now  Mr.  Smith  thought  a  compromise 
could  be  etlected  whereby  the  State  would  ba  willing  to  pay 
^1,000,000. 

Addresses  were  made  in  opposition  by  holders  of  recdvers' 
certificates,  and  the  meeting  adjourned  without  taking  definite 
action. 

Cairo  &  Vincennes, — The  transfer  incline  of  the  Cairo  & 
Vineenaes  Railroad  at  Cairo,  for  the  transfer  of  business  to  the 
Soath  and  Southeast,  is  now  nearly  completed.  It  is  built  in  a 
substautial  manner,  and  laid  with  three  rail  double  track.  The 
new  transfer  steamer  Junius  S.  Morgan  lias  already  arrived  at 
Cairo,  and  it  is  expected  that  regular  transfers  of  freight  and 
passengers,  without  change  of  cars,  will  be  made  on  and  after 
<)ctol>er  1. 

This  completes  the  short  line  to  Galveston,  Houston,  Dallas, 
Austin,  Marshall,  and  other  points  in  Texas  and  the  Southwest, 
the  route  being  almo.st  an  air-line  from  Intianapclis  to  the  south- 
western terminus  of  tlie  International  Railroad  near  Austin. 
Arrangements  are  being  made  for  a  through  line  of  PuUmau  cars 
irom  New  York  to  Oalveston  by  this  Hue. 

The  distances  from  IndianapolTs  are 


To  Miles. 

Cairo.  Ill art 

Little  Kock,  Ark  5>7 

TeiarUanii,  A.rk.  and  Tax (ita 

Jefferson,  Tcf .  730 

Mar«Ui|-,  Tut 74!i 

Bliruvopji-t,  Li 78J 


To  Mil's. 

Dtillas,  Tex 893 

Palastiae,  Tex  851 

llianie,  Tdx    »12 

Ilointon,  Tex .., 1,002 

(i.ilvestDii,  Tex 1,05-J 

AuAio,  Tox I,lti4 

— Railroad  Oazette. 

Erie  Railway. — A  cable  report  from  London  of  September  20 
says;  Sir  Edward  W.  Watkin,  who  has  just  returned  from 
a  personal  insoect'on  of  the  Erie  Railway,  has  publislied  his 
report,  in  which  he  describes  the  permanent  way  of  tho  Erie 
Railway  as  quite  equal  to  the  standard  in  the  United  States,  but 
the  rolling  stock  defective.  Tho  net  revenue  of  the  line  is  only 
31  per  cent,  of  the  gross  receipts,  and  the  outstanding  debts  of  the 
company  are  equal  to  about  fourteen  months'  profits.  Sir  Edward 
would  not  raise  new  capital  in  the  present  state  of  the  company's 
credit,  but  advises  the  bondholders  to  devote  tho  earning.<  of  tlie 
line  toward  paying  off  the  debts,  and  to  issue  certificates  for  the 
mortgage  interest.    He  says: 

Id  the  present  state  of  the  credit  of  Eric  the  undertaking  seems  to  me  as 
impossible  as  it  would  be  unwise,  even  if  possible,  to  endeavor  to  raise  and 
Tcintt  rat)re  cipital  froni  Enj^lautl.  I  can  recommend  no  policy  but  that  of 
aelf  redemption.  'I'he  railway  must  pay  its  dehts  by  usin<;  that  part  of  its 
current  net  earnings  which  the  courts  may  permit  to  be  so  appropriated.  A 
receivership  is  the  alt'Tnative  of  the  time.  Foreclosure  has  been  threatened. 
If  the  latter  IS  to  be  avoided  there  nmst  be  co-operation  and  control  in  the 
working  of  the  former.  I  advise  you  to  accept  the  receivership  as  the  best 
alternative,  under  all  the  circumstances,  now  possible.  And  I  further  advise 
jou  to  rely  upon  the  honor  as  I  feel  you  may  also  re  y  upon  the  anxious  labors 
^nd  full  experience  of  the  President  and  Receiver  of  the  company. 

2<oustoil  City  Bonds. — In  July  last  the  city  defaulted  on  her 
inter.-'st,  the  city  bonds  bearing  teu  per  cent,  and  this  week,  pur- 
euaiii  to'  a  call  issufd  by  Mr.  J.  C.  Chew,  the  city  of  Houston's 
ae-eut  in  Jbis  city,  a  meeting  of  bondholders  was  held  in  this 
city.  Mr.  CU^'"  represented  the  city  to  be  in  a  bad  financial  con- 
dition, and  proposed  that  the  bondholders  refund  their  bonds,  and 
accept  in  lieu  of  th«ro  other  bonds  bearing  interest  at  six  per  cent 
per  annum.  This  the  city  could  pay,  but  teu  per  cent  was  entirely 
out  of  the  queutlon.  Mr.  Chew's  suggestion  was  opposed  by 
eome  of  the  bondholders.  Some  olalmed  that  Houston  is  in  an 
entirely  prosperous  coixdition,  and  confidence  in  its  ability  to  pay, 
At  least  ultimately,  was  generally  expressed.  Those  present 
«nn)uneed  their  willina;ness  to  fund  their  past  due  coupons,  and 
those  falling  due  in  the  iiear  future,  if  need  be,  and  wait  a  year 
or  two  for  their  money,  but  they  unanimously  refused  to  accept 
less  interest  than  te«  per  cent.  No  conclusion  was  reacho  1,  but 
another  meeting  is  to  1)6  held,  at  which  a  further  discussion  will 
take  place,  and  an  attempt  be  made  to  come  to  goire  arrangement. 

Logjaiisport  Crawfordsville  &  SontUwesterii.— The  com- 
mittee appointed  at  a  meeting  of  the  bondholders  of  this  road  on 
the  24th  of  May  last  have  made  a  report.  They  say  •  The  total 
amount  nominally  expended  io  the  construction  of  the  road  is  $4,- 
279,910  25.  The  contractors  who  had  assumed  the  construction 
of  tho  road  failed  before  its  completion,  leaving  the  enterprise  in 
«n  unfinished  condition.  The  present  liabilities  of  the  road  are 
^4,097,000.  Of  which  1>332,000  are  receivers'  ceitifjoates  taking 
precedence  of  bonds. 

The  total  earniogg  of  the  road  l9r  1871  were  f  2 19,973  80  j  total 


expenditures  (or  the  same  period,  $339,733  07  ;  leaving  a  deficit 
of  170,801)  B7.  Total  earnlugB  of  the  road  from  January  1st  till 
July  lat,  1875,  $125,123  10;  expenditure  for  the  same  time, 
$169,306  60;  showing  a  deficit  of  $1:5,833  50.  The  rolling  stock  of 
the  road  is  valued  at  $l55.750,on  which  thpre  is  still  due  $79,536  68. 
Tho  committee  advises  against  foreclosure  in  view  ©f-+he-  liwge 
amount  of  debt  ahead  of  the  bonds,  and  suggests  an  assussment  of 
20  per  cent  on  first  mortgage  bondholders,  or  the  raising  of  $300,- 
000  "  upon  the  faith  of  the  road,"  to  discharge  the  preferred  debt. 

Mobile  City. — The  City  of  Mobile  has  been  in  default  for 
interest  tor  some  time  past.  The  total  debt  is  about  $:!,500,000, 
mostly  in  8  per  cent,  bonds,  and  under  an  act  of  the  General 
Assembly  of  Alabama  of.MarchO,  1875,  throe  commissioners  have 
been  appointed  by  the  Governor  to  reduce  and  fund  the  city  debt, 
and  they  are  now  in  New  York  to  compromise  with  creditors. 
The  act  authorized  only  $2,000,000  of  new  6  per  cent,  bonds  to  be 
issued,  and  as  there  is  $700,000  of  city  debt  having  a  preference, 
it  is  proposed  to  exchange  that  at  par,  and  the  balance  of  debt 
by  giving  $510  in  new  6  per  cent,  bonds  for  $1,000  of  old  8  per 
cents.  The  coupons  of  new  bonds  will  be  receivable  for  taxes. 
The  commissioners  funded  up  to  34th  inst.  about  $300,000. 

New  •Ter.'^cy  Midland. — A  proposition  is  mads  for  t'le  purchase 
of  this  road  by  the  South  Mountain  &  B  )aton  Railroad  Company,  a 
corporation  in  New  Jer.iey  engaged  in  constructing  \  railway  from 
Delaware  River,  at  Portland,  near  the  Water  Gap,  to  Decker- 
town — a  point  on  the  New  Jersey  Midland  Railway — a  distance  of 
about  forty  miles.  Their  proposition  is  to  purchase,  at  the  fore- 
closure sale,  the  New  Jersey  Midland  RUlway  Company,  with  all 
its  property,  franchises,  &c.,  and  to  agree  to  complete  their  line  by 
June  1,1876. 

"  For  the  purpose  of  purchasing  the  Now  Jersey  Midland  Rail- 
way Company's  'first,'  'second'  and  'consolidated'  mortgage 
bonds,  issued,  sold  and  outstandinf^,  as  well  as  all  coupons  upon 
said  bonds,  due  and  unpaid  to  August  1,  1376,  also  stock  of  said 
company,  the  South  Mountain  &  IJoston  Railroid  Compmy  will 
issue  its  several  bonds  and  stocks  upon  the  line  of  road  pur. 
cliased,  giving  to  each  bondholder  all  his  rights  and  priorities,  as 
now  held  by  him  in  sard  road  before  foreclosure  sale." 

Of  first  mortgage  bonds  it  will  issue  series  "A"  $1,000,000 
7  percent,  gold  bonds,  to  be  exchangeable  for  one-third  (1-3)  of  the 
amount  of  first  mortgage  bonds  outstanding. 

Of  series  '•  B,"  $3,000,000  7  per  cent,  gold  bonds,  with  the 
privilege  to  pay  first  six  years'  coupons  in  company's  scrip,  to  be 
exchangeable  forthe  balance,  two  thirds  (3-3;  of  the  holders  of  the 
present  out.standing  first  mortgage  bonds. 

The  Soutli  Mountain  &  Boston  Company  will  also  issue  income 
bonds,  preferred  stock  and  common  stock,  and  pjy  all  expenses 
required  to  carry  out  the  agreement,  &c.,  and  as  a  guarantee  of 
good  faith  and  performance  of  the  agreement  they  will  deposit  with 
the  Farmers'  Loin  and  Trust  Company  $600,000  of  the  first 
mortgage  bonds  of  the  South  Mountain  Railroad  Company,  of 
Penn.sylvania. 

Bondholders  of  the  "  New  Jersey  Midland  "  ara  requested  by 
the  circulars  to  send  in  their  approval  to  the  Commissioner  within 
sixty  days. 

Oil  Creek  &  Allegheny  Rirer. — A  dispatch  from  Pittsburgh, 
Sept.  30,  saya  the  Circuit  Court  of  the  IJnited  States,  now  in 
session  there,  has  entered  a  decree  allowing  the  stockholders  of 
the  Oil  Creek  &  Allegheny  River  Railroad  Company  to  carry  out 
their  agreement  of  foreclosure. 

Taxation  of  Railroad  Lands.— In  the  IT.  S.  Supreme  Cmrt, 
at  Washington,  in  the  case  of  the  Union  Pacific  Railroid  Com- 
pany, appellant,  against  Edward  C.  McShane,  Treasurer,  etc.,  an 
appeal  from  the  Circuit  Court  for  the  District  of  Nebraska,  Mr. 
Justice  Miller  has  delivered  the  opinion  of  the  Court. 

These  are  cross  appeals  from  a  decree  of  the  Circuit  Court  for 
the  District  of  Nebraska  in  a  suit  in  equity  brought  by  the  rail- 
road company  to  enjoin  the  defendants,  who  were  treasurers  of 
counties  in  the  State  of  Nebraska,  from  tho  collection  of  taxe^ 
assessed  on  the  lauds  of  the  company.  They  say  that  the  lands 
were  not  liable  to  any  State  taxation  at  the  time  of  the  assessment 
or  levy,  and  the  grouiids  on  which  this  exemption  is  claimed  may 
be  divided  into  three  distinct  propositions  : 

1.  That  by  the  third  section  of  the  act  of  IS  iJ,  under  which  the  company 
was  orsaniz«l  and  by  wliich  the  lands  within  tlio  teu-inile  limit  wre  Rrantcd 
in  aid  of  iho  construction  of  the  road.  It  was  provided  that  ail  such  landii  as 
should  not  bo  sold  within  throe  yeari  after  the  entire  roail  shall  have  been 
completed  shall  be  subject  to  settlement  and  pre-emption  like  other  lands,  at 
a  price  not  to  exceed  one  dollar  and  twenty-rive  cents  per  acre,  to-be  paid  to 
the  company,  and  it  is  alleged  that  these  lands  are  liable  to  this  pre-emption, 
which  would  be  defeated  by  a  sale  of  thorn  for  the  taxes. 

2.  That  by  the  amendatory  act  of  1861.  which  extends  tho  grant  to  twenty 
miles  on  each  side  of  the  road,  it  is  provided  thit  before  any  of  the  land 
granted  shall  be  conveyed  to  the  company  there  snail  first  be  p.aid  into  the 
Treasury  of  the  United  States  the  cost  of  surveying;,  selecting  and  conveying 
the  same  by  said  company,  and  that  these  c  )3ts  not  h  tving  heen  paid  a  sale 
for  taxes  would  defeat  the  rlaht  of  the  United  States  to  enforce  this  claim 
and  recover  their  expenses  out  of  the  lands. 

■1.  Tljat  under  the  jjint  resolntion  of  April  10,  ISii),  authorlzin";  the  Preal- 
(leiit  to  appoiut  a  cqiumission  to  inquire  into  the  manner  in  which  the  road 
had  been  constrifcted,  an(|,  if  tl(e  report  was  unfavorable,  to  lake  steps  to 
secure  its  proper  construction,  tl(e  Secretary  had  refused  to  issue  patents  for 
the«o  lands,  withholding  the  title  as  security  for  the  performance  of  what  was 
required  in  that  respect. 

By  the  decision  of  the  Court  on  these  pointn  the  decision  in  the 
railway  company  against  Pre.scott,  10  Wall.,  003,  is  modified  and 
overruled  so  far  as  it  asserts  the  contingent  right  of  preemption 
in  lands  granted  to  the  Pacific  Railrotd  Company  to  constitute 
fti)  ejemption  of  those  lands  from  State  taxatiot!,  but  allinned  so 
far  as  it  holds  th*t  lands  on  which  the  cost  of  survey  has  not  b-en 
paid,  and  for  which  the  United  States  have  not  issued  a  patent  to 
the  company,  are  exempt  from  Stale  taxation.  Utit  where  the 
government  has  issued  the  patent  the  lands  are  taxable,  whether 
payment  of  those  costs  has  been  made  to  the  United  Stuff  s  or 
i»o5.    Reversed, 


S.pt.mbcr  25,  1875.5 


THE  cnuoNici4i; 


103 


I 

I 


-TToJoiERciAL  EPITOME. 

Friday  Nioht,  Sept.  31.  1875. 

Regular  trade  continues  to  be  vinbarTMsed  by  tlie  unsettled 
state  of  priTale  erndita.  Failuri^  of  more  or  leas  imDortaoce  are 
'anouoixd,  and  some  dealers  are  uiaiiog  eoncessioas  to  bayers 
for  prompt  caiih — action  which  is  more  or  less  demoralizing  to 
the  markets  at  all  times.  Tbere  ii<,  Uowerer,  in  some  respects,  a 
better  feeling  apparent,  by  which  trade  k  presenrud  from  com- 
plete stagnation,  and  in  onlj-  one  grc-at  kUple  (cotton)  has  there 
been  anr  important  reduction  in  prices. 

Provisions  hare  generally  been  in  good  demand,  and  prices 
show  more  or  leas  advance,  while  the  cost  of  production  is  about 
as  high  as  at  any  time  daring  the  past  Summer.  The  supply  of 
swine  eontinnes  lii:ited.  Pork  has  be«a  in  goo  1  demand  from 
yard  at  firmer  prices,  which  to  day  sold  at  $'U  IS^f'jl  50  for 
mess,  and  the  speculation  was  at  $31  10:a$9l  15  for  October. 
Lard  has  been  active  and  higher,  prime  steam  going  at  He.  on 
the  spot,  and  buyer  8^pteml>«r  and  October,  13  IS-lCc  seller 
October,  and  13)e.  selisr  the  year ;  but  yesterday  bad  receded 
fnlly  |e.  from  the  highest  point,  but  showed  rather  more  tone  to. 
day.  Baeon  closes  with  more  actU-ity  at  12}xai3)c  for  Western 
and  city  long  cleitr.  Tallow  has  advanced  to  10{(glOie.  (or 
prima.  Beef  has  been  in  good  demand.  Batter  has  reeovered 
from  the  depression  which  prevailed  last  week.  Cheese  has  ad- 
vanced lolly  ooa  cent  a  pound,  with  eonaidsrabis  activity  for 
export  ami  honn  coosamptlon,  but  an  important  element  of 
streagtli  bsa  been  in  the  cooler  weather. 

Bio  coffee,  on  Brazil  advices,  has  a4vaar»d  1^  per  ponnd  to 
SOt^U. .  gold,  for  fair  to  good  uarisoes,  with  liberal  sales  h«r« 
and  at  the  Soath,  but  not  enoD^h  to  provcnt  some  arcumnlation 
of  stock*.  Rica  opened  the  week  active  and  Arm,  ba'  dosed  dull 
and  heavy.  Molasses  kaa  lisen  active  for  grocery  grailea  at  a 
eonalderable  decline,  inclodiag  prime  Pt>rto  Bleo  at  43e.  and 
Barbndoen  at  SS(#IOe.  Bagars,  at  a  deelins  of  ^e.  tot  raws,  have 
gonn  sffqalts  freely,  and  tlta  close  was  moss  steady  ,  owing  to  a 
Inrgn  ilsmand  for  refined,  snpscially  yellows^  at  hlgho'  prices. 

nii>l<.         Botr*.        Ilar<        McUdo. 

lUcslpts psit  week „....    3,ltu  :>l  i:::  lit 

Balaspaatwsefe  w..........  II.OM  w^  li'ii  l.Ki.l 

mock  Sep<  tt,  I87S tl0.9l«  li.'w:  T.-..:  14.111 

Stock  B«p( <i,  ts74 M,m:        8s,«i        xr.ni  sn 

An  imporuot  auction  sale  of  teas  on  Thnrsdsy  wsat  off  with  fair 
spirit,  and  aboat  sustained  previons  qaotntiona.  New  layer 
raisiDS  are  quotol  at  ft  CO;  new  Valencia  nt  He.,  and  new  loose 
Mascat>>ls  at  (3  l'>,  with  some  business  going  on ;  enrrants  7e.  for 
new,  and  Turkish  prunas  lOe. 

Kentucky  tobacco  lina  rnlsd  firmer  and  modsrately  active  at 
7f."9tc.  for  lugs  and  UlSS3^  fur  l«af:  ths  sales  for  the  wrek 
s4BMnesd  3S0  hbds..  of  which  I'M  were  for  export  and  130  lor 
eonsnniplion.  Seed  leaf  has  continued  la  good  demand,  and 
prices  are  aboat  steady  ;  the  sales  •atbrac* :  crop  of  18T2,  U 
cases  rooaaeticat  at  tiic;  crop  of  1873  and  1878, 15  eases  Peon- 
»y|van;  I  .r  IV  rr..r.  ..f  ls73.  iV)  cssss OMnsctioal  St  7t>*Ue..  171 
easn*  '    ,  963  case*  Wiseoosin   at   7<'(I3<-:»I0 

esarx  >']3  casfls  Ohio  on  private  terms  ;  and 

crop  of  la;i,  MJ  cases  Co4Meetlcut  and  MsssscUgsetls  on  privats 
tarms.  Hpnaish  toliaceo  baa  rale>l  firmi^  and  (airly  active  ;  ths 
sale*  wer*  700  bales  Uavaoa  at  H7r  ./i|l  05. 

lilMisiJ  oil  baa  rnnainsd  sloaily  at  OiifiltU.  Crndo  sperm  ba« 
bMo  la  fair  damand  and  firm  :  sales  :t  »  i-i-i<  *•  ths  Ktst  at  f  1  00. 
Other  oils  qnlst  and  uitcbaaged.  .s  been  in   good 

demand  and  aboat  st^S'ly  :  late  sali-  '1  ry  Montevideo  at 

I.    dry   Ri  ^t   'iU..  guld,    fonr   month*,   ciiy 

>x  0|<-.  an  :  .  .  at  0^  curtancy.    Kish  firmer 

ior  moec  descriptions. 

la  ocean  (rsigbu  a  steady  business  has  liesn  dons,  and  rates 
iMtb  lor  bsrth  and  charter  room  *liow  soms  advanea  oo  the  latier, 
tlM  soppiy  of  tonnsgo  In  port  not  b^iag  large.  I«ta  ongagsmenu 
aiHl  charters  Iodised :  Wbe  it  to  bivarpool  by  sto^m,  7^., 
dMsss  at  .lOs.,  cotton  at  3  lOrl.,  and  tobacco  at  ;!5*.;  grain,  by 
Mil,7<<:  grata  to  Cork  for  orlers.  Os.Sd;  d».  tn  lilaK^w,  Ot.Od 
: '.  to  London, Qs.  per qr;    refinrd  firemen. 

totbaBallie.Oa.Od.;  <Jo.  toUib  .4a.0d. 

-7  ;u«)rs  was  •  OMMlsrata  l,-i-— — ■• -•  ^,*.,.,j  i.t.-,.     <i rain  to 

l>ivarpool,    by    slaoa.    H^^ifi'i,  '■  ,    eoMoo  at    't  liri  i-l  : 

tobacco,  by  sail.  Ma.;  grain  to  L>.  .  -kil,8|d.:  do  t<i(ila«KOw, 

by  stann,  8|<j49^;  grain  from  U^iitimore  tn  Cork  for  orjcrx.  T«. 
•('1.;  cmde  petroleum  from  I'Uiiadelphla  to  Havre,  U.  OJ.;  reliauj 
do.  from  do.  to  tbo  (Jailed  Kingdom,  4s.  ltd. 

There  has  b*eaastea>ly  movement  In  rosins,  and  quotations  are 
higher,  at  1 1  7'«<9 1 80  (or  strained  to  good  do.  In  splriu  turpentine 
a  gn.^\  business  lias  been  liona,  and  under  short  •applies  st  the 
tioaiti,  ilie  pricsa  bava  baon  materially  advanced,  closing 
atlft^.  i'etrolaoiB  has  contiooed  to  advance,  under  tlie  inriu- 
ones  of  the  combination  exisMnc  ft*  tlie  wells  :  refined,  in  harri'ls, 
sold  to  day  to  t))«  •iient   <i  '   -   >-pteml>er  delivery 

at  14^r.,  and  cru'l".  in  buU  rj.     loK<>t  copper 

Is  uocbangsd,  with  salsa  ol  oi>u,'j<ai  ius.  i^m^v  at  SS^jStflc  cash'. 


ImporiK  or   Laaillaa;   Artlclen. 

The  following  table,  compilad  f rem  Custom  House  returns. 
sb'j.>ntlie  foreign  imports  ot  leading  articles  at  this  port  since 
Jau.  1, 1873,  and  for  the  same  period  of  1S74  : 

[The  inautity  ia  sivun  In  packages  whoa  not  otiicrwise  speclAed.! 


Since 
Jaa.1,'75. 

10.699 
it>.4M 
3J8.«i.n 
«,8JI 
7.S1M 
5.IWU 
.15.9.0 
19.IW5 
1,;80,656 
3,0J8 

88,131 

W.973 

4.61) 

487 

».on 

8.55!. 

2.871 

1.486 

8lt 

n,t»3 

6G« 
l(,80il 
3b.«> 
4«,»IS0 
(.7W 
(.3.U 
l,4t3 

«.5i: 

89,310 

1.146 
4,(81 

«»,aii 

'           551 
W7.0;4 
•1.804 

Same 
time  1874 

Since 
Jan.1,'75. 

Same 
time  1874 

China,   Olaaa  and 
Karthenware— 

9,S1S 

310.«9.s 
«.JOl) 
6,479 
5,!i«0 
46,941 
S0,?51 
1,081,048 
3,(33 

Metals.  Ac- 
Cutlery 

3,26-J 

».i:5 

23.lill 

7J.1US 

9»l.8o^ 

65.315 

736,800 

5,038,859 

101,317 

511.953 

1.38:.014 

b59,f»j 

41, M) 

1,475 

73,943 

137,«50 
89,7U£ 

<lil8.SiO 

67,36.'( 

8't7,7iil 

17i,946 

574,K1 

1,756.817 
6r7.595 
758.8:i5 

8,034.8:11 
297,435 

161.M6 

77,737 

411,008 

171,196 

«8,409 

83.101 

410,813 

81,734 

Uhlna 

RHrthcnware.  . 
OIms       .... 

Uordwaic 

Iron,  RK.  bars... 

Lead,  piw 

Bpdtor.Tbs 

Steel 

2.  WO 

831,713 

156,015 

1,S59,010 

Ulavaware 

Ulasii  plate 

Batloaa 

Coal,  tons 

Cocoa,  bags..      .. 

Coffee.  ba«* 

Uottoo,  bales 

Tlu,  boxes. 

Tln«lal)«,lb«.... 

Rass 

{Sugar,  bhds,  tea.  & 

bbls 

7.«,1«7 

8,401,00) 

99,737 

544,881 

Drags,  Ac- 
Bark,  PeraTlac. 

18.091 

Suzar,  bx«  .t  bags. 
Tea  :.. 

954,  JM 
813,669 

Blea.  powders... 

Cochineal 

Cream  Tartar... 

Oamblsr 

Qom,  Arable 

lodijra 

S9.3:( 

4.80i 

■J60 

J7.501 

4.0R6 

S.047 

1,8» 

739 

15,7«3 

1.3 16 

37,(81 

41,(14 

35,M8 

7.585 

6.0*1 

«0< 

8,067 

114416 

i,iir 

(.774 
89,015 

i  Tobacco 

Wadte. 

Wlnoa,  Jtc— 

Cbampagnc,  bks. 

Wines 

;Wool,  bales 

'Artida  reporUii  by 

TOlue- 
Cigua 

63,152 
3,300 

85,514 
133.45(1 
33,914 

Madder. 

Ulli,  essential., 
on  olive 

(1620  418 

Opiam 

Soda,  bicarb.... 
Soda,  sal 

Corks 

Fancy  iroods 

Pish.... 

19.549 
793.775 
195,875 

Soda  ask 

flax  ...„ 

ran 

Onirar  cloth 

Hair 

{Frails,  Ac— 

'    Lemons 

'    Oranges 

Nats 

Ral.lns .. 

Hides,  undressed.. 
,Kloe 

990,018 
1,303,151 

907,464 
1. 106,7311 

Hsmp,  bales 

akiJL  Ac- 

10,356.77.'{ 
699  001 

BrlsUes 

Btdaa.  dressed., 
ladls  robber 

1  Spices,  Ac— 

1    Oaasia 

7I,46a 

ia3,tsi 

Ivory 

8,380 

781 

•41.518 

»1,41» 

Pppper 

4U9.0II> 

Jewdry 

Watches 

Unseed 

Saltpetre 

887,502 

i^iKMlS— 

Cork 

Fustic 

S0I,5W 

10tk(5l 

M  Aogsny 

77,8t 

Bseelvts  of  Donteslle   Prodaee. 

The  receipts  of  domestic  produce  since  January  1, 1875,  and  for 
tha  S4une  timo  in  1874,  have  been  as  follows  : 


takes pkas. 

BrewUtob- 

Ploar bbls. 

Whmt bash. 

Oora 

Oau 

Hf....- 

Barley  and  aali. 

tltas*  seed.  *■•■*. 

Beaoa bbls 

Fhs ba«h. 

C.  B*al....bbts. 

Cotton bales. 

Heap bales. 

Hides Ho. 

Hops bole*. 

Lsathsr.  ..  sidss 
ur 


Havat 
Or.iarp.  ..bbls. 
apMutarpsn... 

Tar  "■..■.;■."::: 


Blnoe 
^aB.l,*7& 


•,«0* 
1. 479.187 

li.S7S.5U 

■,«76.48t 

1,IU,570 
S8.7W 

M,9un 


•i.«» 
».<m 

tjtM.B0« 
11.416 

t.BM.S'X 

I.IKI 

«.7» 


Same 
time  1874 


(.631 

t.8l5.7il3 

si,3r>,;is 

33,871.618 

7,l(B.«W 

4«^K7 

8M,0l( 

44,Stl 

4«,<:i3 

838.(31 

143.805 

9»),0« 

«,!(; 

:, 130,73: 

li,S07 
8,781,855 


(.739  10.  j','. 

49.0*'  6I.'i;j 

S77.«M  8M.I*.| 

l».Qi('  40.«7a 


'    Pitch 

Oilcake pkgs. 

Oil,  lard 

I'cannis bacs 

Pruvislons— 
I    Butter  ...  .pkgs. 

Cheese 

Catmeats 

Bgn 

rSfk 

Beef. 

Lard 

Lard kegs. 

Rica pkgs. 

Starch ;..... 

Slaarlae 

Sngar bbls. 

8uar hhds. 

Tulow pkgs. 

r;>baceo 

Tobacco bbi^s. 

Whiskey bbls. 

Wool bale*. 

Dr«issdHoi{S..Mo. 


Since    I    Same 
Jan.l,'75.^time  1874 


8171  S,r59 

181,.V>5|  111,658 

4,W«t  S,S8» 

45,3^7  81,739 


(81,367 
1,674.519, 

337.516 

883,73r 

116.51 
#8.864 

n8.»15 
10,133 
13.389 

t5U.ri3 
15.051 
«3,S»1 
13.307 
13,667 

1M,3S3 
37,403 

118,401 
49.3G6I 
46331 


68T.t<l<i 
l,45l.:3« 

390,307 

Ul,3«l 
8!i,IU 
18,410 

19U,US» 
38,li3li' 
1\83& 

85'i,711 
15,3i>S 

»i 

14,903 
188,115 

K.I47 
139,011 

61.018 
106.7115 


COTTON. 

Fbidat,  p.  M.,  Sept.  ai,  1875. 
By  special  telegrama  received  to-night  from  the  South>!ra  Porta 
we  are  in  possession  of  the  returns  ahowin;;  tlie  recuiiila,  exports, 
Ac.,  of  cotton  (or  the  week  ending  this  evening,  Sjpt.  jl.  It 
sppaors  that  ths  total  receipts  (or  the  seven  dara  have  reached 
'l>.001  bales,  sgainst  3d.7U9  bale*  last  week,  18,67i  bales  the 
previous  weak,  and  i.Hil  bales  throe  weeks  since,  making  the 
total  rseaipta  since  the  first  o(  September,  1875,  10U,44S  bales, 
aj^nst  I>5,t03  bales  for  the  same  period  of  1874,  Ehowiug  an 
inortam  since  September  1,  1875,  of  ll,2!>:i  bales.  The  deUila  oC 
the  raMlfrt*d|^  this  weak  (a*  per  telegraph)  and  (or  cotTuaxioud- 
ing^wamj^JTvo  previous  years  are  aa  follows:  


Hseeltad  IM*  weak  at-      1873. 

1871. 

UM. 

1813. 

1871. 

1B»^ 

K*«  OrlsaiM  ....bales. 

KoMie 

CSarleste* 

Port  ItaVal.Ae... 

(•raaaali. 

UalTSftoo.  ..  > 

tadianola,  Ae 

loTlda  

5ertfa  Carolliia. 

tJOi 

4.«l« 
i.H8 

110 
l'.M4 

i.;u 

"m 
111 

l.W) 

•••ii 

4;jM 

4.4«> 

uisi 

S,33i 

iis 

lin 

141 

4,>» 

m 

9,445 
4*. 

}   i^n 

10,11* 
\     3.114 

8*3 

u 

7S7 
3.451 

si.vi: 

ii.«;i 

4,1  SI 
IWMl 

n,i;4 

4,471 

319 

l(> 

2X0 

>,<lt 

33) 

SI3IM 

4.ftS3 
«,7S» 

«,*ir7 

4JH» 
4.713 

3.731 
}     5..W 

i4,on 

8.41( 
8,357 
7J(5 
t3,Wt 
1.3 1» 
1JM4 
1,434 

NorfolK  

City  Point.  Ac 

Total  this  wsak. 

3,5»l 
8S,M7 

TotalslnssSest.l... 

taa,ua 

H.I<S 

IWJI^ 

7S.SW 

74.M9 

tports  tor  the  week  ending  this  evening  reach  a  total 
balsa,  of  which  4,033  were   to   Great  Britain,  1,000  to 


The  ezp 

of   9/J05  .    . 

Franca,  and  82  to  the  rest  of  the  Continent,  while  the  stocks, 
as  made  up  this  eveninj;,  are  now  106.471  bales.  Below  are  thn 
stocks  and  exports  for  the  week  nod  also  for  the  oorreaponding 
wasli  of  last  leaaon. 


304 


THE   cmtONICLR 


[September  25,  1875. 


Kzportea  to- 

Total 

tLi> 

veok. 

Same 
wee< 
1874. 

Stock. 

WeekendlDK 
Sept.  U. 

e.Brlt. 

fnuiee 
1,603 

1,600 
1,619 

GoDtln't 

1876. 

1<I74. 

Haw  Orleans 

Mobile 

Cbarlestoa... 

Saraaiiah 

OalvestoQ 

New  rnrk. 
Other  ports'. 

(43 

'»» 

580 

"is 
6: 

3,243 

■m 

6,605 
14,448 

8,»3» 
357 

4.193 

te.wi 

21,816 
4,50« 
1I,1J3 
11,517 
13,919 
28.579 
15,UU) 

106,471 

36,563 
7,333 
6,404 

11,316 
I4,76S 
89,359 
19,010 

Total  ... 
Since  Sept.  1 

4,923 

u.m 

8i 

806 

125,069 

„,,,.,..•,,  ,  -  "i  --:■-.  -r   -  --'  '•Other  ports"  include  Irom  Baltimore 

58U  bales  to  Llverp.ol  aud  67  bales  to  Bremen. 

[IW  ^ir  telegram  from  New  Orleans  to-night  shovrg  that 
besides  the  above  exports  the  amouat  of  cottoa  on  shipboard,  and 
engaged  for  shipment  at  that  port,  is  as  follows  :  For  Liverpool, 
4,000  bales ;  for  Havre,  5,000  bales ;  for  Continent,  4,000  bales  ;  for 
coastwise  ports,  3,000  bales;  total,  15,000  bales;  which,  if  deducted 
from  the  stock,  would  leave  7,000  bales  represeutinj;  the 
quantity  at  the  lauding  and  in  presses  unsold  or  awaiting  orders.] 

From  the  foregoing  stateineot,  it  will  be  seen  tnat,  compared 
with  the  corresponding  week  of'  last  season,  there  is  an  increase 
in  the  exports  this  week  of  3,413  jales,  while  the  stocks  to- 
night are  18,598  bale^  less  than  they  were  at  this  time  a  year 
ago.  The  following  is  1  ur  usual  table  showing  the  movement 
of  cotton  at  all  the  ports  from  Sept.  1  to  Sept.  17,  the  latest  mail 
dates : 


F0KT8. 

BBOCIPTS 
8IK01  B«PT.  1. 

aiPOETBD  SINOK  8«PT 

ITO— 

Coast- 
wise 
Forts. 

3.066 
2,104 
6,061 
4,843 
7,181 

'142 

880 
4,450 

Great 

Other 
For'gn 

Total. 

Stock. 

1975. 

1874. 

Britain. 

France. 

New  Orleans... 

Mobile 

•Charleston'  ... 

Bavanoah 

'Galveston'  .... 

NewYoilc 

^Florida 

7,093 
4196 
8,95; 
11, .112 
32,331 
13 
143 

96; 

4,354 

361 

8, -185 

4,315 

5,773 

13,345 

10,4*0 

l,2l!7 

81 

453 

4,983 

tSl' 

4,' ill 
3,045 

'iii 

"ii 

■733 
.... 

4,014 

3,787 
'442 

13.515 
3,1114 
5,643 
7,295 
30,103 
25,490 

JJo.  Carolina,.. 

Uorfolk' 

Other  porta 

M5 
1,52.S 
U,10O 

Total  this  year. 

59,421 

7,5t0 

19 

724 

8,343 

28,732 

89,271 

Tetal  la^l  year 

50,011 

10,115  1      3,1(19 

64 

13.J38 

30.S63 

107.713 

•  Under  the  Dead  of  CU'irictnon  Is  ineiuded  Fore  Hoyal.  *c  ;  under  llie  li'-ad  of 
eatvatonli  included  Indlanola. .tc;  under  the  head  of  SorfolK  is  Included  City 
Point.  Jfcc. 

The  market  the  past  week  has  been  dull  for  cotton  on  the  spot, 
and  prices  have  shown  a  steady  decline,  under  increasing  receipts 
«t  the  ports,  increasing  stocks  and  dull  trade  in  goods.  Quota- 
tions were  off  ^c.  on  Saturday,  ngain  on  Monday,  and  again 
yesterday,  reducing  middling  uplands  from  14c.  on  Friday  last  to 
13ic.  last  evening  ;  and  even  at  the  decline  there  were  more 
sellers  than  buyers.  To-day,  good  middling  and  grades  below 
were  ^c.  lower,  and  grades  above  were  Jc.  lower,  with  only  a 
moderate  demand  for  consumption.  For  future  delivery,  we 
have  had  a  feverish  and  variable  market,  but,  on  the  whole, 
prices  have  been  weakening.  The  severe  storm  which  visited 
the  Gulf  of  Mexico  last  week  was  destructive  upon  the  coast  of 
Western  Texas  ;  the  city  and  harbor  of  Galveston  were  greatly 
injured,  and  Indianola  and  some  minor  towns  on  the  coast  almost 
totally  destroyed,  with  the  loss  of  many  lives.  The  telegraph 
lines  were  broken  down,  and  railway  transportation  suspended. 
These  calamities  excited  apprehensions  that  the  cotton  crop  of 
Texas  and  parts  of  Louisiana  had  been  injured  by  beating  out, 
&c.  The  receipts  at  the  ports  were  also  materially  reduced 
for  some  days.  It  was  also  announced  that  the  strike  at  Fall 
liiver,  Mass.,  had  terminated,  and  that  work  will  probably  be 
resumed  on  Monday  next.  All  these  circumstances  contributed 
in  some  degree  to  support  the  prices  of  cotton  for  future  delivery. 
The  decline  on  Monday  was  nearly  recovered  the  next  day,  and 
ihere  was  a  further  Improvement  on  Wednesday,  with  Liverpool 
showing  a  better  market.  But  yesterday  dulness  and  depression 
returned.  The  receipts  at  the  ports,  notwithstanding  a  deficit  in 
the  Gulf,  were  largely  in  excess  of  the  corresponding  date 
last  year,  promising  an  increase  for  the  week,  notwith- 
standing a  considerable  falling  off  in  the  first  three  days ; 
and  with  spots  again  ^c.  lower,  operators  for  a  rise  lost  all 
heart.  The  low  prices  and  dull  sale  of  many  descriptions 
of  cotton  goods  were  also  elements  of  weakness,  it  being 
remarked  that  on  the  only  other  occasion  since  the  war,  when 
cotion  declined  to  13^c.,  manufacturers  were  doing  a  large 
and  profitable  business,  and  could  afford  to  pay  more  for  cotton  ; 

r<vhereas   spinners   claim   that   just   the  reverse  is  now  the  fact. 

'They  declare  that  they  cannot  afford  to  pay  more  tlian  lie.  at 
tjrresent  prices  of  goods,  many  descriptions  of  which  are  cheaper 
than  before  the  war.  To  day, ^ the  market  opened  weak  and  par- 
tially lower,  but  soon  recovered  tone  on  the  advices  from  Texas. 
After  'Change,  there  were  sales  at  13  13-33c.  for  October  and  13c. 
<or  January,  showing  a  firmer  market  for  early  deliveries.  The 
total   sales  for  forward  delivery  for  the  week  are  113,300   bales, 

including free  on  board.    For  immediate  delivery  the   total 

sales   foot  up   this  week    5,034   bales,  including  43  for    export, 

-    4,887  for  consumption,  105  for  speculation  and   in  transit. 

Of  the  above,  33  bales  wer«  to  arrive.  The  following  are  the 
■oloning  quotations  ' 


New  Classification. 


^>^dlnary perlb. 

Strict  Ordinary 

-GoodOrdlnary   

Strict  Good  Ordinary 

LowMlddllne-       

Strict  Low  Middling 

Middling 

Sood  MiddllDE 

Strict  Good  MlddllDg 

Middling  Fair 

Fair 


Uplands. 


Alabama. 


11    •.... 

H*'!;::; 

isxa.... 

13  7-16®  .. 
ISHS..,. 

14  a.... 

i4»a.... 
wxa.... 

15)i®.... 


New 
Orleani, 


Good  Ordi-^ err     ..   .   .. 
strict  Good  Ordinary  . 


11  •.... 
11H»-.- 

12  !».... 

13H®—. 

13  ®.... 
13  5-16®.. 

i3sa... 

13H®.... 
14X0.... 
"!K«... 
15X*.... 

ST4INKU. 

....  11     ILow  Middling 12X 

...,  11X1  Middling 12X 


iixa... 

UX®.... 
13X®  ... 
13Ka.... 
18H®  :.. 
13  U-W®.... 
UK®.... 
14X».... 
i49<a.... 
15X®.... 
I6X®.... 


Texas 


11  @..., 
n%M.... 
ViH®.... 
12H*.... 
ISMS  ... 
13  9-16®... 
13«®.... 
14X®.... 
4X».... 

15  ®.... 

16  a.... 


Below  we  give  the  sales  ot  spot  and  transit  cotton  and  price  ol 
Unlandttix  thJB  markateach  dav  of  th«  paat  week  : 


Now 
Classidcation. 

Saturday 

Monday 

Tuesday 

Wednesday.... 

riiartday 

Friday 


Total 


Kxp't. 


Con- 
snmp. 

mT 

1.379 

1,203 

530 

688 

648 


Tran- 
sit. 


Total. 


574 
1,379 
1,308 
576 
749 
618 


5,031 


Z.<PBli]Ka. 


Ord'ry 


IIX 
"X 

11 


Good 
Ord'ry. 


13X 
13X 
13  J« 

w 


Low 
Midl'g, 


18X 
13X 
13X 
WX 
13X 
IS 


Mlc- 
dlln  . 

'~^ 
13V 
13X 

lay 

KX 

isx 


For  forward  delivery  the  sales  (including  free  on  board) 

have  reached  during  the  week  113,300  bales  (all  middling  or  on 
the  basis  of  middling),  and  the  following  is  a  statement  of  the 
sales  and  prices 


foT  September, 
bales.  c'.s.  I 

200  s.  n ISW 

3,500 !3  If-S 

4,600 IS  ;-16  I 

900 13  15-33 

3,100 13X 

100s.n...l3  17  33' 
1.200 13  17-.S3; 

100 13  916  I 

400 13  19-33 

13,600  total  Sept, 

For  October. 

600 14  :9-83 

800 13  15-15 

1.700 12  31-33 

2.500 13 

6,100 18  l-3.i 

9,500 13  1-lfi 

1,600 13  3-3; 

800 13X 

2,300 IS  5-3; 

26,300  total  Oct. 

For  November. 

300 12  2>32 

930 13  13-16 

3,600 13  37.32 


bales.  ctn. 

3,700 13U 

300 12  3!l.£ 

1,600 13  15-16 

1,100 13  31-33 

300 13 

100 13  1« 

11,500  toUl  Not. 

For  December. 

300 13  35  33 

400 12  13-16 

4,800 12U 

i.iOO 13  2iW3 

200 ,2  ;s-i« 

700 13  31-33 

3,500. 18 

1,100 13  1-83 

1,400 13  1-16 

14,500  total  Dec. 

For  January. 

1,000 12  29-83 

2.900 13  15-i6 

7,100 13  31-32 

7,600 13 

l.SOO ...13  1-83 

6,400 -.3  1-16 

3,400 13  3-33 


bales.  ct«. 

300 13X 

500 13  5.33 

1,000 13  316 

30,900  total  Jan. 

Ifor  February. 

700 13X 

800 IS  5-a 

3,600 13  3-16 

1,100 13  7-32 

100 13X 

200 13  "^-S 

900 13  5-16 

300 IS  11-33 

6.600  total  Feb. 

For  March. 

1,100  13  11-33 

930 I3X 

2,000 13  13-33 

1,000 13  7-16 

300 13X 

300 13  17-32 

5,600  total  March. 

For  April. 
100 13  17-33 


bales.    ■ 
400.  .. 


cts. 
..IS  9-16 
.13  19-33 


'l3"31-li 
2,300  total  April. 


For  May 

200 IS  27-J2 

200 18X 

400  total  May. 

For  Jnne. 

800 11 

100 14  1-16 

500 14X 

900  total  June. 

For  July. 

200 UH 

100 14X 

800  total  July. 

Kor  August. 
500 14X 


The  following  will  show  spot  quotations  and  the  closing  prices 
bid  for  futures  at  the  several  dates  named  : 

HIDDLt.NQ  UPLAXD8— AJfBBICAIf  OLABBIFIOATIOH. 

Frl.  Sat.  Mon.  Tues.  Wed.  Thurs.         Frl. 

Onspot 14  13K  iSy  13^  Wi  13X  13X 

September 13X  13  17-33  18  13-83  13  7-16  13,5-32  13  1.5-33  13  7-16 

October     13  1-33  13  3-32  13  31-33  13  1-32  13  1-16  13  1-16  13  1-16 

November..  ..  13  15-16  13  13  37-13  12X  12X  12X  12K 

December....  12  15-10  13  12  27-32  12  3Mi  13  i9-82  12  39-32  12V 

January 13  1-32  13  3-32  13  15-16  13  31-33  13  13  u'31-32 

February ;3X  13  9-32  13  5-33  13  3  16    "13  7-32  18  3-16  13  3-16 

March 13  i-16  13X  13X  13X  IS  lS-33  13  13-33  13  13-33 

April 13X  13  11-16  13  9-16  13  19-33  13X  IS  19-.32  \i% 

May 13  27-33  I3}i  13  35-33  13  13-16  13  13-16  13  13-16  13  13-16 

Jane 14  1-32  14  1-16  13  81-81  14  1-33  14  1-31  14  1-3!  14  1-33 

July     14X  NX  14  3-33  14  3-16  14  8-16  14  3-16  14  3-16 

AOBiiBt 14  11-33  Xm  14  7-83  14  5-16  14  6-16  14  5-16  14  5-16 

Sales  spot 976  574  l,-379  1.20J  576  719  648 

Sales  future...  35,100  24.200  19.000  19,.30O  20,900  14,600  18,000 

Gold 116X  116V  H7X  116«  116H  116X  116X 

BxchaoKe 4.7iX  4.T7X  4.75X  4.73X  4.77  4.75X  4.76X 

Weather  Repobts  by  Telbgraph. — Last  week  closed  with 
the  announcement  of  the  terrible  storm  raging  along  the  coast  of 
Texas,  and  the  remnants  of  the  storm  working  inland  as  far  as 
Shreveport.  To-day  we  have  the  record  of  the  succeeding  rains 
and  lower  temperature  which  have  since  passed  over  a  very  con- 
siderable portion  of  the  Southern  States,  the  rainfall  being  very 
heavy  in  some  sections.  It  would  seem,  however,  that  outside  of 
Texas  the  force  of  the  storm  was  mainly  felt  in  the  lower  Missis- 
sippi 'Valley  and  through  thj  States  adjoining.  It  will  be  noticed 
that  at  Shreveport  it  rained  steadily  thirty-eight  hours,  with  a 
rainfall  o(  seven  inches  and  filty  nine  hundredths;  while  at 
Vicksburg  the  rainfall  was  five  inches  and  sixty-one  hundredths, 
followed  by  a  slight  frost.  Going  further  into  Mississippi  we 
find  at  Columbus  the  rniofall  was  only  two  inches  and  sixty  hun- 
dredths ;  and  on  the  other  side  of  the  river  it  had  nearly  spent 
itself  when  it  reached  Little  Kock,  the  rainfall  there  being  one 
inch  and  sixty-one  hundredths.  What  damage  has  been  done  to 
cotton  in  Texas,  Louisiana,  Mississippi  and  lower  Arkansas  we 
have  little  means  of  estimating.  No  Galveston  mail  has  reached 
us  since  the  disaster  there,  and  as  we  write  we  are  without  our 
telegraphic  advices  from  Texas.  The  very  excessive  rain  at 
Shreveport  and  also  at  'Vicksburg  would  indicate  that  the  storm 
was  unusually  severe  between  lower  Arkansas  and  the  Gulf. 
Complaints  of  cold  weather  and  too  much  rain  also  come  from 
many  other  points  of  the  South.  As  the  week  closes,  however, 
there  has  been  a  favorable  change.  A  late  Fall  and  a  long  pick- 
ing season  are  peculiarly  desirable  this  season. 

Galveston,  Texai. — Our  Galveston  telegram,  which  came  to  band 
shortly  after  tbe  above  was  written,  contains  the  following  :  During 
the  past  week  we  have  had  only  one  rainy  day,  the  rainfall  reach- 
ing 1  wo  inches.  The  days  have  been  warm  aud  the  nights  cold. 
Picking  has  been  interfered  with  by  the  storm.  Average  ther- 
mometer 70,  lowest  59  and  highest  79.  The  cause  of  the  small 
receipts  this  week  is  the  interrupted  communication,  which  will 
probably  continue  a  week  longer.  Last  week's  storm  was  terrific; 
accounts  from  the  interior  are  conflicting,  but  undoubtedly  mucli 
damage  baa  been  done.  The  storm  was  more  severe  westwardly 
than  here.  Indianola  is  almost  totally  destroyed  ;  there  is  no 
telegraphic  or  railroad  communication  there,  and  the  surviving 
inhabitants  are  destitute.  The  destruction  in  all  the  coast  counties 
is  terrible.  The  storm  here  lasted  four  days,  the  city  being  par- 
tially flooded  the  whole  time.  The  rainfall  reached  ten  and  fifty- 
three  hundredths  inches.  The  highest  wind  was  at  the  rate  of 
sixty  miles  an  hour,  and  the  average  thirty-six.  Lowest  barome- 
ter twenty-nine  and  four  htindredths. 

Corgieana,  Texas. — There  were  three  rainy  days  here  the  past 
week,  the  rainfall  aggregating  one  and  twenty-six  hundredths 
inches.  Average  thermometer  85,  highest  80  and  lowest  50. 
There  was  a  high  wind  here  last  week  and  some  cotton  was  beaten 
out,  but  no  serious  damage  has  been  done,  and  the  plant  will 
yield  as  much  as  can  be  picked. 

Hew   Orleans,  LouiHana. — The  weather  the  past  week   has 


September  25, 1875  ] 


THE   CHRONICLE. 


305 


b««n  cool.     Kain  fell  oa  two  diya  to  the  eilenl  of  fortT-six   hua- 
dredtha  otta  iocb,  aad  lite  (Imrmometer  kua  avenged  70. 

iArtttpmi.  Louuuina.—Then  was  a  heaTy,  disastroua  rain- 
■torm  liere  the  be(r'nn'n«  <»'  '*»«  week,  rain  talliug  to  thi)  dopili 
ofaeTen  and  Bfty-nine  handredtlis  inches  in  thirty-eight  hours, 
tboogh  there  was  not  aa  mueli  damage  done  in  this  vicinity  as 
was  expected.  There  werealao  several  slight  drizzles  during  the 
veek.  Cotton  is  coming  In  plentifully.  Average  thermometer 
©.highest  7«  and  lowest  51. 

Vidttburg,  Jfimssipp*.— There  were  two  rainy  day*  here  the 
past  week,  the  rainfall  aggregating  fl»a  inches  and  sixty-one 
hundredths.  Picking  is  progreseinK,  and  the  crop  is  beinjr  sent  for- 
wsrd  freely.     Average  thermometer  CI.  highest  66  and  lowest  59 

Coiumbut,   MistU^ppi.—U  rained  constantly  on  two  days 
past  week,  the  rainfall  reaching  two  and  sixty  hundredths  inch 
The  weather  has  been  too  cold,  and  crop  accounts  are  leas  far 
able.     Average  (hermometer  66.  highest  72  and  loweat  60. 

LitU*  Reek,  ilr*an«i«.— Cloudy,  dismal  weather  has  prevailed 
the  pMt  week,  but  it  has  elaared  away  bright  and  warm  to  day. 
The  thermometer  has  averafed  CO.  ranging  between  44  and  83. 
The  total  rainfall  Is  one  inch  and  nineteen  hundredths. 

JfathrilU.  Tenn«*»ee.—U  rained  lieavlly  one  day  of  the  oast 
week,  the  rainfall  reaching  two  and  twenty  seven  hundredths 
inches.     Average  thermometer  50.  highest  66  and  lowest  47. 

Mtmphu,  7Vnn*»*r<.— Rain  fell  on  three  days  the  past  week  to 
the  extent  ol  two  and  thirty  five  hundredths  inches.  Th«  rest  of 
the  week  has  been  cloudy,  with  a  frost  on  one  night,  hot  not  a 
killing  frost.  The  plant  'is  suSarlng  with  the  rot  and  boll  worm 
on  bottom  lands.  Average  tberiBometer  for  the  week  55,  highest 
M  and  lowest  43. 

MMlt.  AlabawM.—'We  had  an  unasaally  sever*  storm  the 
early  part  of  the  week,  but  no  serious  damage  has  be«n  done. 
Twochys  ol  the  week  were  showery  and  to-day  is  cloudy  ;  pick- 
ing is  being  interfered  with  by  the  rain.  The  tributary  rivers  are 
higher.  Total  rainfall  for  the  week  ninetv  haodredtha  of  an  inch ; 
average  thermometer  68,  Ugbest  b6  and  lowest  57. 

Mo»lg«m*rv,  Almbama.— The  week  eloMa  with  a  favorable 
^asfe  in  the  wMther,  there  having  been  two  rainr  days,  the 
jainfall  of  which  affgiagated  seventy-serao  hundradtha  of  an 
inch.  The  crop  la  baiag  marketed  Ireely.  aad  picking  U  making 
&na  progrea*.    Tbarmomatar— highest  83,  lowest  53  and  aver 

Htlma,  Alabama. — Thar*  ware  two  ratay  day*  here  the  past 
week,  the  rainfall  aggregating  two  iaehaa  and  aixiy-two  hun- 
dredths.   The  thennomater  haa  av^-raged  "79. 

Maditm,  FUftid».—\\  has  rsine<t  on  ooa  day  thia  week,  the 
rainfall  raaeblag  two  inchaa  and  6rie«n  haadredtha  of  an  inch. 
In  thia  section  about  threa-fourths  of  tha  eoUon  la  open  and 
about  ooewhalf  picked  oat.  The  avaraga  o(  Iha  thtfomatar  for 
tha  week  haa  been  73,  Iba  Ughaat  havias  ba«i  78  «»d  the  lowest 
66. 

Maetm,  0*crtia.—We  Had  rain  here  oa  o««  dar  tha  past  week. 
The  tbermomeur  haa  averagad  69,  tha  highest  batag  81  and  the 
loweat:67. 

AUtutt*,  O40r<jia. — We  had  rain  the  early  pan  of  the  past 
week,  on  two  days  eoaatantly  and  on  one  day  showery.  Th<t  latter 
part  ol  the  week,  however,  has  been  clear  and  pleasant.  Average 
thermomater  68.  Total  ralaftill  fur  tha  week  three  Inebea  and 
Sfty-elght  haadredtha. 

(Mwai6M,  Osoryio.— W*  have  \:t\  two  rainy  davs  the  past 
weak,  tha  rnialall  reaching  two  Indies  and  fifteen  bundredtha. 
Tha  tharawatar  haa  avaragad  69,  the  higliasi  being  83  aad  the 
lowest  84. 

AseeniMA,  gssryia.— Yhere  was  rain  here  oa  oae  day  the  paat 
weak,  the  rainfall  reaching  aixty-four  hnadradths  of  aa  inch. 
Warm  daya  aad  eotd  nights  have  prevailed  tkroaghoot  the  week. 
The  tbermoaeler  has  averaged  73.  the  estfooMe  being  59  aad  89. 

AugMtta.  Oasfywt.— The  weather  here  the  paat  weak  has  beea 
root,  and  picking  la  ptogreaatag  finely.  Aretafe  tbanaom>ter  09. 
Totnl  raiiifall  for  tha  weak  two  and  thirty-aix  baadre-lths  iochaa. 

(XtrUtUtm,  SovtK  ChraHaa    Telegram  aot  rseelvod. 

The  followlac  atetaaeet  we  have  alee  Noalved  by  telegraph 
showing  t'lie  hefght  el  the  rivers  at  the  poiata  aaatad  at  3  o'clock 
tiii*  aftaraooa  (Fridar,  Sept.  94;.  We  gire  last  yaar'a  figures 
(Kri  lay,  SepL  95,  1874)  for  OMBparlson  : 

,  a»l.«<Llt-»    ^-Sepc  ts, "74.-. 
FesC      laeh.       VseC      loea. 

!T<nrOHr«fii  .B«iowlilcli-wa<arsurk 6  t  U  7 

V  .  Above  low-watw  aMTk II  •  t  S 

Above  low-valor  Mvk II  i  I  7 

Above  knr-watar  aaik II  I  t  S 

..-    iri;    .  Above  lewiwalaraark !»  10  IT 

N'  w  Orleans  reported  below  high. water  mark  of  1871  until 
>"  '.  'i.  1S74.  whea  the  xero  of  gauge  was  changed  to  high- water 
:  .  •<.  of  April  15  and  16.  WA,  which  is  6  lOihs  of  a  foot  above 
'■-...  ot  W  feet  above  low-water  mark  at  that  point. 

ConoK  Cbop  STATBMKirr.— The  principal  portions  of  onr 
rotton  crop  statemeot  ware  issued  on  Toeaday  of  thia  week  in 
letter  sheet.    It  will  be  found  ia  full  in  our  editorial  eolnmna 


to  day. 

BoiniATSHlPlfmim. — Aeeordtng  to  our  cable  dispatch  received 
to-day,  there  have  beea  ao  balea  ahipped  from  Bomtiay  to 
Qreat  Britain  the  paat  week  and  3.000  balea  to  the  Continent, 
while  the  reeaipta  at  Bombay  during  the  same  time  have  been 
l.'Xio  balea.  The  movement  since  the  lat  of  January  la  as  follows. 
Tiieaa  are  the  fignrea  of  W.  Nieol  A  Co..  of  Bombay,  and  are 
brought  dowa  to  Thnraday.Sept.  Vi : 

is  Ibis  week-%  >-9hlpm«ntaalD«eJss.  1-.  , Reeelpta — • 

"      ■ THI*     Slooe 


Onat      Oan- 
■ritala.   Uasat.    Total. 

•I.OM  nnjm  i.si».0Da 

•tmjMO  M,tM  t.Ul.aao 
tR.On    IMbMM     nj.000 


week.    Jbd. 

1.000  ijN.aoo 
1.000  i.iit.ooo 

MI.OOO 


From  the  foregoing  it  would  appear  that  compared  with  last 
year  there  is  an  ineracue  of  3.000  bales  this  year  in  the  week's 
shipments  from  Bombay  to  Europe,  and  that  the  total  movement 
since  January  1  shows  an  inertate  in  shipments  of  68,000  bales 
compared  with  the  corresponding  period  ot  1874. 

GuNNT  B.vos,  Bagoinq.  Etc. — The  market  for  bagging  during 
the  past  week  haa  been  only  moderately  active,  though  a  good 
inquiry  has  l>een  noticed.  The  sales  here  and  in  Boston  will 
amount  to  about  1.500  or  1,800  rolls,  at  13(gl8i«.  cash  for  round 
parcels,  while  jobbing  lots  are  held  at  18J@I3^.  Stocks  in  hand 
are  liglit.  and  ibould  an  active  demand  spring  up  within  ttie  next 
few  daya.  higher  prices  may  be  looked  for.  Balep,  India,  are  held 
at  9}<310c.  cash  ;  Borneo  at  13}913ic.  cash,  with  a  quiet  market. 
Bags  are  nominally  quoteJ  at  13c.  for  440'8.  The  stock  of  butta 
on  the  spot  still  continues  small.  The  demand  has  improved 
during  the  week,  and  we  note  sales  of  600  bales  on  spot  at  2 
15-16i3c.  cash  and  time,  and  reported  sales  ot  2,000  bales  to 
arrive  at  'i\c.  gold,  duty  paid,  the  market  closing  steady  at  these 
figures. 

Visible  Sijpplt  or  Cotton  as  Made  op  by  Cable  andTkle- 
OBAPn. — Below  we  giv«  our  table  of  visible  supply,  as  made  up 
by  cable  and  telegraph  to-night.  The  continental  stocks  are  the 
fiirures  of  laat  Saturday,  but  the  totals  for  Qreat  Britain  and  the 
afloat  for  the  Continent  are  this  week's  returns,  and  consequently 
broucrbt  down  to  Thursday  evening  ;  hence  to  make  the  totals  the 
complete  figures  for  to-night  (Sept.  24).  we  add  the  item  of 
exporta  from  the  United  Sutea,  including  In  it  the  exports  of 
Friday  only. 

1876.  J874.  1878. 

Stock  at  Liverpool 714.000  777,030  S03.000 

Stock  at  London ,  :...       18,730  113,750  MB.TSO 


Total  Great  Britain  stock  ... 

StockatUarre 

Stock  St  Marseillei 

Stock  ai  Bareeloaa 

Sleek  at  HaaibarK .. 

Stock aHWaiaen. .••.•••■■••..  • 

Slock  at  Aasterdaa 

Slock  at  Botterdam 

Slack  at  Antwsrp 

Slock  at  other  ooatlaantat  porti 


711,790 

iM.aoo 

4,190 
51,000 
U,OX) 
M,7Sa 
5S,7n 

t.iao 

4,000 

11.000 


Total  cooUDental  porta 114.900 

Total  Baropeaa  stock*. 1,147.130 

noa  afl  at  for  laiope S:&.OW 

IsMrioaa  eotloasaoat  for  Ka rope  14.000 

U7Pl.»nsll,  Ac  stoat  for  Korope 11,000 

Slock  la  Cnllwl  sutes  porU 101,471 

Stock  la  Daltad  Suta*  Interior  porta  ...  14.931 

United  Stale*  up  >rta  today 1.000 


SM.7S0 
100.790 
M,000 
•7.790 
n,0O3 
10.900 
U.O0O 
1S.0O0 
11.000 

n.ooo 

490,900 

1.349,190 

iu,ooa 
it^ooo 

HOOO 
I1B,0« 
1S.7M 


871,75  0 
106,000 
10,790 
»,790 
31,00  0 
41,000 
10n,6T0 
17,900 
19,000 
U.0OO 

431,560 

1.311.190 
111,000 
90,000 
53.000 
10.118 
10.WS 
1,000 


TelalvMbUsBppir bales.  1.<W1.K1  1.817.043  1,7S4,070 

or  lbs  above,  the  totals  of  Amsncaa  and  other  d**crlptlon*  are  a*  fol- 


190,000 
175,000 
14,000 

103,4;  1 

14.531 
1,000 


Uvarpoolsi  «k 

OeatiB*alri  (locks 

AoMtleaa  aioal  lo  Barep* 

Called  Slate*  sloek 

Ualted  Sial**  laurlor  sloeka 

DDU*dSlala*rapo<l8lo4ar 

Total  Aia«ricaa  b«ls*.  <7L,01S 

XM  A«am  ArasU,  «*.- 

Utatpool  atoek - aM.000 

Lsadeaatoek 18,730 

OeaUaealai  iMaka  181,300 

ladU  aloal  for  laropa 173.000 

■orpt,  Braall.  *e.,  aSoat 13.000 

Total  laat  India,  Ac 1.010,190 

Total  AaMTleaa OTLOM 


is<.ooa 

114.000 
11.000 

ltS.039 
li,7M 

831,793 


111.000 
170,000 
10,000 
90,113 
10,0M 
1,900 

689,810 


1,111.100 
llt,7M 


1.134.130 
9»,8i0 


Te«sl  ridble  tnpplr hale*.  I.dtt.m  1,847.013  1.781.070 

Price  Mlddllnr  Upland*.  Liverpool I  IS-lOd.  7r(d.  8^4. 

Theee  flgun>s  indicate  a  deirtttt  in  the  cotton  in  sight  to- 
night, of  l.'i5,77l  bales  as  compared  with  the  same  date  of  1874, 
md  a  4ter»n»6  nt  93,793  biles  a*  compared  with  the  correspond- '- 
log  datrgfJaV- 

HarmHWtrt%  or  Cotto:*  at  tub  IrrERiOR  Ports.— Below  we 
give  the  movemtnta  of  cotton  at  the  interior  ports — receipts  and 
shipmen's  lor  the  week,  and  stock  to-night,  and  for   the  oorre- 

spondiag  week  of  1874 : 

.-ITeek  endlieSept.  II. '79->  ,-Week  endlns  Sept  15, '74.-> 
Receipt*.  aciifmeaU.  .Stock.   RecelpU. Shipment*.  Stock. 


Aunsta 

Ooramboe 

Maeoa  

Moalioaaty. 


Xaaphl*.. 

5a(bvlll*. 


4,087 

i.m 

l,IOT 
8,700 
8.1» 
l.T« 
818 


Total,  Old. 18,115 

Shreveport 1.187 

AUaala. l.OIS 

SULottl*. MS 

CtDdnaad 1.1*8 


1,313 
1,119 
1,173 
1,TO 
1.913 
l.«8 
•48 

n.MO 

1.184 

1,149 

US 

1.117 


4.313 
»W 
871 

nij 

1.944 
1.898 
1.193 

14,951 
659 
310 
418 
498 


I.3l8 
1,863 
1.711 
1.888 
1.818 
9,191 
107 

ll.Ml 

1,063 

185 

i,oa) 
no 


4.053 
1.034 
1.4» 
1.880 
1.511 
8.N4 
178 


3.M6 
:.436 

1.741 

9.873 
3,0S» 


13,811  13,714 

809  8<0 

134  MS 

817  1,947 

958  4.187 


Total,  new 


4.054 


8,8 


1,918 


1,654 


1,918 


73)t 


TalaLall 10,119 

The  above  totals  show 
during  the  week  4,445 
than  at  the  same  period 
balea  U*$  than  the  same 


15.808    1A.439    19,19«    18,819    31,316 

that  the  old  interior  stocks  have  in«r«aMii 
balea,  and  are  to-night  9,173  hales  Ut$ 
last  ye*r.  The  receipts  have  been  167 
week  laat  year. 


306 


THE   CHRONlCLfe 


[Sept  m'w  25,  1875. 


IVbbkly  Aecbiptb  of  Cotton. — Below  we  give  a  table 
showing  the  receipts  of  cotton  each  week  at  all  the  ports  of  the 
United  States  for  several  seasons,  indicatiug,  also,  the  total 
crop  each  year.    Our  figures  are  given  in  thousands  of  bales. 


The  following  are  the  receipts  of  cotton  at  New  York,  Boston, 
Philadelphia  and  Baltimore  for  the  last  week,  and  since  Sept.1,'75 : 


Date. 


Sept.  4... 

"  11.. 

"  18... 

"  M... 

9... 
W... 

as... 

30... 


1871-76. 


*  a 


Oct. 


Hot. 


13 


»7.. 
4... 
U.. 
18.. 
15.. 
1.. 
8.. 
15.. 
28.. 
29.. 
5.. 
"  12. . 
"  19.. 
"  26.. 
Xarch  S.. 
'•  12. . 
"       19. 


Dec. 


Jan. 


Feb. 


ApiU    2. 
9. 


Hay 


Jirae 


Jnly 


16 

23 

30 

7 

14 

21 

28 

4 

11 

18 

25 

2 


A.ag. 


16 

23 

30 

6.... 

13  

"       20 

"      31 

Corrections*.. 

Total  at  ports.. 
Overland — 
Con8*m*d  South 

Total  crop.. 


6 

15 

28 
46—95 

59 

97 
121 
128 

150— S5S 
143 
160 
153 

166-627 
176 
181 
188 

165—710 
147 

82 

96 
102 

116—543 
108 
101 

97 

78-3S7 

77 

63 

52 

48—240 

39 

41 

38 

2i 

22-162 

22 

20 

19 

18—79 

12 

14 

13 

10-49 
6 
7 
4 
3 
3—  23 


2 

6- 
15 


18;3 

-74. 

.a 

M 

s 
o 

^ 

» 

1872-78. 


«      g 


9 

13 

24 

41-87 

53 

46 

79 
101 

108-587 
128 
124 
134 

124-610 
170 
173 
196 

215-754 
176 
143 
154 
159 

171 -S02 
146 
131 
116 
106—499 

95 

82 

67 

64-308 

59 

SO 

40 

32 

.30-212 

24 


22-  95 

17 

13 

13 

1.3-  56 

12 

9 
10 

6 

5—  42 

5 

4 

6 

7—22 
30 


3,497 
2C5 
131 


3.833 


3,804 
238 
129 


4.171 


14 

80 

51 

64-169 

74 

87 

98 
113 

120—492 
134 
111 
119 

134—498 
134 
126 
125 

103-488 
105 
1.33 
1-36 
13fi 

115—625 
126 
122 
109 
105—462 

82 

83 

74 

56—296 

48 

49 

56 

4S 

48-217 

44 

41 

34 

31—150 

25 

18 

20 

18—81 
9 

15 

14 

13 

13—64 

11 
11 
11 

10—  43 
47 


1871-72. 

lti7a-71. 

i  i 

»     o 

1 

5 

9 

11 

12 

18 

20-42 

88-72 

34 

55 

46 

69 

64 

76 

89 

82 

94-321 

85-367 

97 

107 

105 

132 

101 

122 

105-408 

119—480 

122 

141 

106 

153 

121 

156 

180-479 

130—530 

127 

125 

111 

110 

95 

132 

119 

117 

121-573 

151-695 

93 

155 

86 

161 

89 

i42 

77-315 

137—595 

74 

127 

50 

137 

50 

103 

40-214 

82-449 

41 

72 

37 

70 

36 

65 

39 

63 

27-180 

57-327 

20 

53 

18 

48 

16 

46 

18—67 

42-189 

14 

37 

12 

28 

13 

24 

10-49 

24-118 

1869-70, 


^     » 


8,651 
141 
138 


3,9,30 


7 
6 
4 

3 

3—  22 
3 

a 

3 

12-20 
12 


2,732 
122 
120 


2,974 


19 
19 
16 
11 

11-6 
11 
10 
8 

15—  44 
45 


4 

1* 
27 
49—  92 

66 
60 
68 
82 

80—346 
96 
94 
82 

86-867 
103 
100 
110 

114-427 
114 
100 
88 
99 

104—605 
105 
99 
96 

83—383 
73 
67 
45 

53-238 
47 
43 
45 
41 

51-227 
58 
38 
44 

31-171 
23 
18 
16 

18-70 

12 

9 

10 

8 

7-46 
6 
6 
5 

8-  26 
24 


4,032 

229 

91 


4.-852 


2,911 
164 
90 


3,15« 


•  Made  up  on  coant  Of  stocks,  Ac, 

Ttte  exports  ot  cotton  from  New  York,  this  week  show  an 
increase,  as  compared  with  last  week,  the  total  reachinj;  2.781 
bales,  against  775  bales  last  week,  lielow  we  give  our  usual 
table  showiag  the  exnorts  of  cotton  from  New  York  and  th^i' 
direction  for  each  of  the  last  four  weeks  ;  also  the  total  exports 
and  direction  since  Sept.  1,1875;  and  in  the  last  column  the 
total  for  the  same  period  of  the  orevious  year. 

Bxporta  of  Cotton(bales)  n-om  New  York  ■luce  Sept.l,  1875 


BBOi'Ti  raoH- 

HSW  TORK. 

BOSTOM. 

philadklp'ia' 

BILTIMOBI. 

This       Since   i 
week.    Sept.  1.' 

This  1  Since 
week.  Septl. 

This 
week. 

Since 
Sepui. 

'res 
isi 

This  ,  Since 
week.  Sept.). 

New  Orleaos.. 

150 
8',i9« 

142 

5,788 
625 

3,222 

70 

468 

4,228; 
3,143 
4,803. 

'262' 
7,3M 
759 
3,9421 
1011 
480 

25,071 
30,366 

"we 

'888 

782 

89 

■33s 

"424 

1,802 

178 

■361 

"ei 

897 

m 

291 
"27 

Savannah 

Mobile 

462 

Florida 

S'tb  Carolina 
N'th  Carolina. 

>rirginia 

Nortb'rn  Ports 
Tennessee,  Ac 
Poreign 

692 
149 

485 

"56 

Total  this  year 

13,661 

1,5:2 

2,739 
'  8,515 

4»;       937 

1,2« 

1,844 

Total  last  year. 

18.756 

2.780 

473 

1.299 

1.382 

1.939 

Bremen. 

Total. 

15 

2,781 

2.310 

441 

1 

•Liverpool . 

,,— Havre — , 

, Bremen. 

.^Hamburg.  ^ 
Steam.    Sail. 

J  team. 

Sail. 

Steam. 

SaU. 

Steam.      Sail. 

d. 

d. 

c. 

c. 

c.           c. 

c.          c. 

..®X 

..®5-.32 

11-16 

>tf  comp. 

Xcomp.     .. 

■  ■&X 

.@i-32 

11-16 

Xcomp. 

ficomp.    .. 

..(3k« 

..@V32 

11-16 

Xcomp. 

Xcomp.    .. 

..®¥ 

..@5-32 

11-16 

Jjcomp. 

^comp.     .. 

..®}< 

..©5-32 

11-19 

Xcomp.      . 

Jicomp.     .. 

■  ■&X 

..©r,  .32 

11-16 

>icomp.      .. 

Jicomp.     .. 

WKXK  ZNDIHS 

Total 

to 
date. 

Same 
period 
prev'us 

year. 

Aug. 
31. 

'T 

Sept. 
15. 

Sept. 
22. 

44 

1,309 

202 

2,766 

6,811 

9,982 

Other  British  Ports 

Total  to  Gt.  Britain 

44 

1,809 
19 

202 

2,766 

5,811 
19 

9,962 
2,309 

Other  French  ports 

1  otai  Prencli 

200 
■499 

19. 

"iio 

'573 

15 
15 

19 

15 
150 
573 

2,309 

Bremen  and  Hanover 

Other  DOrtB 

Total  to  N.  Europe. 

Spain.Oporto&aibralUrAc 
Allothers 

699 

150 

573 

738 
6,563 

.... 

T«tal  Spain,  tec 

743 

.... 

.... 

a,78i 

12,291 

erand  Total 

1,478 

775 

Shipping  JfBWS. — The  exports  of  cotton  from  the  United  States 
the  past  week,  as  pei  latest  mail  returns,  have  reached  5,533 
bales.  So  far  as  the  Southern  ports  are  concerned,  these  are  the 
same  exnorts  reported  by  telegraph, and  published  in  TnECHBON> 
ICLE  last  Friday.except  Galveston,  and  the  figures  for  that  port 
are  the  exports  for  two  weeks  back.  With  regard  to  New  York, 
we  include  the  manifests  of  all  vessels  cleared  up  to  Wednesday 
night  of  this  week.  Total  bales. 

New  York— To  Liverpool,  per  steamers  Dakota,  1,817.... The  Queen, 

580.... Germanic.  275  . ..Ci'.v  of  Cheater,  94 2,766 

T'o  Bremen,  per  si  earner  Rheln,  15 15 

New  Oklbans— To  Liverpool,  per  steamer  Arbitrator,  2,310 2,310 

Baltimork— To  Liverpool,  por  steamer  Nova  Kcotian,  441 441 

B08T0.V— To  Liverpool,  per  steamer  Partbia,  1     . .   1 

Total 5,538 

I'Ue  >  irtluiilars  >r  iiio.'ie  sliipmiiais.  arranged  in  our  ui'ub!  form 
are  as  follows: 

Liverpool. 

Sew  York 2  766 

New  Orleans 2.310 

Baltimore 441 

Boston 1 

Total 5,516  15  5.533 

Below  we  give  all  news  received  to  date  of  disasters,  jcc,  to 
vessels  carrying  cotton  from  tJnited  States  ports  : 
Louisiana.- The  machinery  of  the  steamer  Louisiana,  which  sunk  last  Novem- 
ber, afterwards  raised  and  recently  towed  to  Baltimore,  has  been  taken 
out  of  the  hull  in  good  condition.  The  hull  was  sold,  Sept.  18,  for  $115 
to  some  caulkers,  who  will  take  it  to  pieces  and  dispose  of  the  old 
material. 

Cotton  freights  the  past  week  have  been  as  follows  : 


Saturday. . . 

Monday 

Tuesday... 
Wednesday 
Thursday.. 
Friday.  .. . 

Liverpool,  Sept.  24.-4  P.  M. — Bt  Cable  from  Liver- 
pool.— The  market  has  ruled  steady  today.  Sales  of  the  day 
were  10,000  bales,  of  which  3,000  bales  were  for  export  and 
speculation.  Of  to-day's  sales  6,000  bales  were  American.  The 
weekly  movement  is  given  as  follows  : 

Sept.  3.        Sept.  !0.      Sept.  17.      Sept.  24. 

Salesof  theweek bales.    6»,000  63.000  54,000  60,000 

Forwarded .3,000  2.000  3,000  2,000 

of  which  exporters  took 9.000  11,000  12.000  10,000 

of  which  speculators  took 5,000  3,000  3,oro  6,000 

Total  stock 828,000  785,000  751,000  711,000 

of  which  American 426.000  398,000  374.000  350,000 

Total  import  of  the  week 22,000  21.000  19,000  23,000 

of  which  American 385  2.000  3,000  4,000 

Actualexport 17,000  13,000  11,000  14,000 

AraountaTloat 291.000  304,000  285,000  282,000 

of  which  American 14,000  14.nno  12,000  14,000 

The  following  table  will  show  the  daily  closing  prices  of  cotton  for  the  week : 
Spot.  Satnr.         Mon.  Tnes.       Wednes.        Thurs.  Frl. 

Mid.  Uplds.  ®6  15-16  ..®6  15-16  ..©6  15-16  ..®6  15-16  ..®6  1.5-16  ..®6  15-16 
do  Orleans.  @7  5-16    ..©75-16    ..©75-16    ..@7,V16    ..®75-16     ..@7516 
Jt^ifturef. 
Satuuday. — Oct.-Nov.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  13-16d. 
bid. 
Sept. -Oct.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  13-16d.  bid. 
Nov. -Dec.  siiinment  from  Sav.  or  Chas.,  Low  Mid.  clause,  new  crop,  6^d. 
Monday.- Oct.-Nov.  shipments  from  New  Orleans,  Low  Mid.  clsuse,    new 
crop,  7d. 
Sept.-0ct.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  nen  crop,  by 

steamer,  if  required,  6J^d. 
Sept. -Oct.  deliveiy  from  Sav.  or  Chas.,  Low  Mid.  clause,  6jid. 
Nov. -Dec.  shipment  from  Sav.  or  Chas.,  Low  Mid.  ciaus**.  new  crop,  6^d. 
Jan. -Feb.  8hl|>ment  from  Sav.  or  Chas.,  Low  Mid.  clause,  new  crop,  by 
sailing  vessel,  when  required.  615-16<I.  bid. 
TtmsDAT. — Oct -Nov.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  lM6d. 
Oct.-Nov.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  new  crop, 

6  1316d. 
Oct.  shipments  from  New  Orleans.  Low  Mid.  rlause,  new  crop,  7d. 
Sept. -Oct.  delivery  from  Sav.  or  Cha.*.,  Low  Mid.  clause,  6  13-16d. 
Dec-Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  new  crop,  by 

fall,  if  required,  6Jid. 
Nov.-Dec.  shipment  from  New  Orleans,  Low  Mid.  clause,  new  crop,  by 
sail,  if  required,  7d 
Wedsbsdat.— Oct.-Nov.  delivery  from  Sav.  or  Chas.,  Low  Mid  clause.  6  13.16d. 
Dec-Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  new  crop,  by 
sail,  if  required.  6Jid. 
Thcbsdat  — Der.-Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  new 
crop,  by  sail,  if  required,  6%d.  bid 
Sept.-Oct  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6Jid. 
Jan.-Feb.  shipment  from  Say.  or  Chis.,  Low  Mid.  clause,  new  crop,  by 

sail,  if  required,  6  IS-lOd. 
Sopt  -Oct.  shipment  from  New  Orleans,  Low  Mid.  clause,  new  crop.  7a. 
Nov.-Dec.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  new  crop,  by 
sail,  it  required,  6%i. 
P.UDAT.— Sept.-Oct.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  new  crop, 
6  13-16d. 
Sept.  dc'lvcry  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  13-16d. 


xmtk 


HUNT'S    MERCHANTS'    MAGAZINE, 

REPRESENTING   THE    INDUSTRIAL    XSD   COMMERCIAX.  INTERESTS   OF  THE  UNITED   STATES. 


VOL     21. 


^  VTURUAY,  OCTOBliR  2,  1875. 


NO.  53(>. 


^  o  N  T  e  ^■  «  i 


flpMl*  nrrwMU  *iid  lb«  R« 
pocud  Vtortlo  Loan  t. 

lUlpra  nr  th*  Th^rd  Arcai* 
8«Tiac»  BU'k 

Coiioa  MoTMMal  aad  Crop  of 

in4-» 

FlBMclal  KrTi««  of  tba  Month 


THI  CBBOKICLK 


of  8«pt«nMr 

am    U'.ilud  8utc*  Inporu  aad  Iz- 

pofitfor  Anjcct 

<U>    L«tMt  Muaetary  and  CootnatcU) 

BnxHth  N«w< 

ni    Cumaardal  id4  MlacuJli— omi 

New* 

TBI  BAMUR8-  8AXBTTB. 

Baolu.  aw 

Uaataltoaa  of  *tscka  aad  Bonda 

New  York  Local  Swartilaa 

IniaalaMiil  aad  Stau,  Cltxand 


Moaar  MariML  C.  8.  SacarlUaa. 

^llwax  Hto&a,  SoM  Markat. 

Foralfa  Brrkaaga,  Naw  Tork 

CIlT    Baaka,  Baatoa    Baaka, 

PklladalpkU  Baaka.  Katloaal 

TBB  OOMMBHCIAL  TIIUB. 

OBMMMiilal  tidlo«a n»|  t>rTQiad 

Ontloa It*    Priisaa  Canaat. 


II 


SIS 
SII 

m 

JIT 
SM 
SII 


m 


TbB  COMMBRCtAL  ADO  PlRANCIAL  CBRONICLB  U  MMdrf  •)» 

dag  mm^Hg,  tiUh  th*  latut  ne<at  mp  to  midiiight  »f  /Vi'day. 

rmzMM  OP  > vBtcmirao*  -r atasu  la  toTjiaoB. 

T^  rwwii   ara  rnaaeui.  Caan— a,  daUraaad  by  caRtar  M  dly 
Mbacrtban,  aad  naOad  W  all  oikaia, 

Fior  Ml  Moalka. a  it 

BabaerlpUoaa  wUt  fea  eaallaaad  aatll  ofdarad  aMiiiad  Sy  •  f'tUm  ardlvr 
•ra(M<yaMMMaa«|bik  Tba  Pablunsra  caaaol  ba  raapoaaibl*  for  Raaalt- 
taacaa  aalaaa  aada  Sf  Onfu  or  PaaM>mcia  Moaay  Ordara. 
A«w«rtla«ia«aU. 
Tiaaaiaat  adrarUaaaaaH  an  pabiubad  at  »  aaau  par  Uaa  lar  tach 
laaartloB.  kat  whaa  datalia  afdara  an  (iraa  (ar  tta.  or  aora,  tnaat«loaa.  a 
llbaral  dtMoaal  la  aada.   Ho  pioariaa  of  coadaaeaa  yaMleail«a  la  Iba  baac 

S'aca  eaa  ba  ««*aa.aaalt  adrarttaara  aaat  havaa^aal  auporualtlaaL    Baadal 
odaia  la  Baaklac  aadflaaadal  eolaaa  M  raau  par  Uaa.  aaab  laaafitaT 

TkaUaaoaoaeaaf  ifeaOBaaaicu  la  at  Ma.S  AaaUa  PMart,  OM  Bfcad 
atnat.  vkva  aabacrtpUoaa  ara  lai^aa  at  tka  foilmrlac  ntaa : 
alaa  lo  lhaOknatel*(lacladlM  pa 


AaaaalSal 
au 


ihaatatlaa  lo  Iha 
ka*  rahacflptlaa 


[poauca) 


viuiAa  a.  BAIA.    I  WILLI  «M  B.  DAWA  *  CO.,  PaUiabara, 

.  f  TO  aad  •!  Williaa  Btnat  NBW  TO 

fon  Ownca  Boa  4 1 


1    Sa. 


■t^mm  a.  wuan.  /a.  ( 


NBW  TOIK. 


'• ;  poaUca  oe  tka  aaoia  la  1( 


IM  A  o«at  fll«-(i>T«r  !•  ^lxmlf^ 
««BH.  Volaiaaa  boasd  for  ntM:rt N'  r  ^  t 
J0f  AeoaptaUMtof  Iha OosaaaGuu.  aao  Pui4a8iaL  <aiauaaa.a-.laly 
am,  la  'lala-la  for  aala  at  Ika  oOca.  Alao  oaa  aat  of  Uvar  a  MaaoBAaTC 
■  aaanaa.  MM  u>  tITI,  lUtyHkna  rolaaiM. 

»dw    Th«  Boslneaa   Dvpaitment  of  th«  faanaicua  la    npraaaatad  amoat 

rirnnHO  |n.,r...-.  In  N-w  York  Cllr  hr  Mr    Kro-I    W    Jnn<«. 


8PM  IK    PntiLNrs    AND    TDK    REPORIEU    FOKEIG!!    lUM. 

The  report  i*  revired,  to  which  we  referred  some  time 
Ago,  that  Mr.  BriHtow  is  aboot  to  make  a  new  contract 
with  the  Syndicate,  to  take  .300  millions  of  4^  per  cent, 
bond*,  the  proceeds  to  be  paid  in  gold,  by  means  of 
which  the  work  of  resumption  is  to  be  facilitated.  We 
have  made  aome  inquiry,  and  at  present  we  have  not 
been  able  to  trace  the  report  to  any  authentic  source. 
It  has  been  pat  in  circulation  abroad,  and  it  in  producing 
some  impression,  as  perhaps  was  intended,  u|K»n  the 
money  markets  on  both  sides  of  the  Atlantic. 

Several  oonsiderationA  show  thnt  this  report,  in  its 
present  shape,  is  wholly  without  prr>bability.  It  ignores 
the  fact  that  Mr.  Bristow's  present  contract  with  the 
Syndicate  will  not  close  till  the  middle  of  November. 
Under  this  contract  some  20  millions  of  the  new  Fives 
are  still  untaken.  The  Rothschild  Syndicate  have  a  Ciill 
upon  this  mm,  but  the  bonds  are  not  yet  sold,  and  till 
the  whole  of  this  remdne  of  the  Fives  are  placed  upon 


the  market  it  is  not  likely  that  any  new  proposition 
will  be  made  by  the  Syndicate  looking  to  the  purchase 
of  the  4^  per  cents.  Nor  is  it  very  probable  that  Mr, 
Bristow  will  receive  or  has  received  any  such  proposition 
from  any  other  Syndicate  for  two  simple  reasons.  Fiist, 
the  money  market  in  Germany  is  troubled  from  causes 
which  are  attracting  much  attention ;  and,  secondly,  qnr 
new  Fives  should  go  to  a  premium  of  four  or  five 
per  cent  b^ore  the  project  of  floating  a  4^  per  c«it. 
loan  can  be  entertained  with  a  good  prospect  of  success. 

Although,  however,  there  is  no  prospect  of  the  imme- 
diate negotiation  of  such  a  loan  as  is  talked  of,  we  still 
hold  to  the  opinion  which  generally  prevails  in  this 
country  and  has  many  times  been  expounded  in  our  col- 
umns, that  the  credit  of  the  United  States  ought  to  be  and 
might  be  so  well  established  that  a  four  per  cent,  long 
bond  would  be  in  demand  in  Europe  at  par  in  gold. 
This,  however,  is  not  the  question  with  which  we  have 
Bt  present  to  deal.  The  point  now  in  di8]>ute  is,  whether 
any  immediate  movement  is  at  all  probable  looking  to 
the  absorption  of  a  loan  of  200  or  300  millions  of  4|  per 
oeot.  bonds  in  Europe  in  exchange  for  which  gold  coin 
or  boUion  is  to  be  shipped  to  this  country.  We  do  not 
see  any  reason  whatever  to  believe  that  such  a  project 
haa  been  seriously  entertained  at  Washington,  that  it 
would  be  feasible  if  attempted,  or  that  it  has  the  merit 
of  offering  any  of  the  conditions  indispensable  to  our 
resumption  of  specie  pa3rments. 

Every  one  who  has  had  recent  opportunities  for  can- 
vassing the  condition  of  our  public  credit  abroad  must 
have  observed  that  the  mischievous  agitation  kept  np  by 
the  inflationists  in  this  country  has  seriously  impaired 
the  status  of  our  securities  in  regard  to  foreign  investors. 
Th«'re  is  a  large  current  of  capital  in  the  European  money 
markets  which  is  tending  and  might  in  a  short  time  be 
induced  to  continue  to  invest  itself  in  our  Government 
seciutctea,  if  the  barrier  were  once  removed  which 
the  recent  schemes  of  paper  money  inflation  have  raised 
to  obsmct  the  flow  of  such  capital  into  these  channels 
of  American  investment.  It  is  one  of  the  advantages 
anticipated  from  specie  resumption  that  it  would  revive 
confidence  and  attract  capital  from  both  domestic  and 
foreign  sources  to  irrigate  and  fertilise  the  fields  of 
industrial  enterprise.  The  rumor  which  we  are  discuss- 
ing reverses  the  time  and  order  of  events.  It  pretends 
to  make  specie  payments  follow  a  large  foreign  loan ; 
whereas  every  one  knows  that  we  must  not  look  for 
such  foreign  loans  till  after  the  resumption  of  specie 
payments. 

The  snggestion  has  indeed  been  made  that  Mr.  Bristow 
would  do  well  to  offer  to  the  Syndicate  a  smaller  amount, 


310 


THE  CHRONICLE. 


[October  2, 1876. 


say  50  milUonP,  of  the  new  Fives  to  he  paid  for  in  gold, 
and  that  he  should  by  degrees  add  about  that  sum  to  the 
gold  balance  in  the  Treasury.  It  is  said  that,  under  the 
resumption  law,  the  power  has  been  confided  to  the 
Secretary  of  the  Treasury  to  increase  his  gold  balance  in 
the  way  proposed.  Whether  this  be  so  or  not  a  difficulty 
would  be  encountered  if  any  efforts  should  be  made  at 
present  to  attract  gold  from  Europe.  Germany  is  pro- 
posing to  coin  gold  more  rapidly  this  year,  with  the  view 
to  carry  out  her  coinage  reforms,  and  to  establish  her 
new  system  of  currency  on  a  gold  standard.  France, ' 
also,  is  still  accumulating  gold,  and  the  Bank  of  England 
holds  a  larger  coin  balance  than  usual.  If  the  attempt 
were  made  to  draw  by  means  of  a  loan  any  considerable 
sum  of  gold  from  Europe  into  our  Treasury  vaults,  it  is 
easy  to  see  that  a  formidable  opposition  to  the  scheme 
would  be  provoked,  and  that  by  adding  a  new  perturbing 
force  to  the  foreign  money  markets  we  should  defeat 
our  own  purpose,  inasmuch  as  the  negotiation  of  our 
loans  would  be  impossible,  except  the  monetary  situation 
could  be  kept  tranquil  in  Europe. 

Although  for  these  and  other  reasons  the  rumors  we 
have  discussed  seem  to  be  without  much  basis  in  truth, 
gtill  it  is  perhaps  well  that  these  questions  have  been 
raised  at  the  present  juncture.  It  has  led  us  to  discuss 
the  important  points,  how  much  gold  do  we  want  to  ac- 
cumulate previous  to  resumption,  and  how  is  this  gold  to  be 
obtained.  Moreover,  this  discussion  is  capable  of  teaching 
us  not  a  few  salutary  lessons.  It  ought  to  show  us  why 
the  agitation  of  paper  money  inflation  is  impairing  our 
credit  abroad,  and  why  resumption  may  be  expected  to 
promote  the  influx  of  foreign  as  well  as  domestic  capital 
into  our  depressed  industries.  Finally,  it  will  show  us 
the  inexpediency  of  depending  too  far  upon  foreigners 
for  gold  with  which  to  resume.  Gold  is  indigenous  to 
this  country.  The  gold  crop  is  one  of  our  richest  prod- 
ucts. A  great  authority  has  said  that  a  larger  amount 
of  gold  is  hoarded  in  this  country  than  by  any  other 
nation  iu  the  world.  Whether  this  be  so  or  not  there  is 
,no  doubt  that  we  must  rely  on  our  own  product  of  gold 
for  the  basis  of  resumption;  and  that  although  Europe 
is  at  present  in  no  mood  to  export  to  us  any  considerable 
amount,  still  it  is  probable  that  from  our  own  prolific 
mines  and  from  the  hoarded  treasures  of  our  people  we 
shall  be  able  to  accumulate  and  to  make  available  suffi- 
cient gold  and  silver  to  enable  us  to  resume  at  the  time 
appointed  in  the  law,  if  the  other  conditions  of  specie 
payments  have  been  wisely  and  faithfully  provided. 


FAILURE  OF  THE  THIRD  AVENUE  SAVINGS  BANK. 
In  some  quarters  there  is  a  disposition  to  attach  too 
m^ch,  and  in  others  too  little,  of  importance  to  this 
failure,  which  was  not  officially  announced  to  the  public, 
till  Thursday  morning,  when  the  bank  closed  its  doors. 
Next  week,  when  Mr.  Wm.  S.  Carman,  the  receiver,  is 
to  make  his  report,  we  shall  be  in  a  better  position  to  un- 
derstand the  questions  that  have  been  raised  by  the  various 
parties  to  this  long  and  mischievous  controversy.  Meaij- 
while,  there  are  some  important  aspects  of  the  disaster 
on  which  public  opinion,  from  the  facts  already 
before  it,  is  fully  competent  to  decide.  In  the  first 
place,  the  managers  of  this  institution  have  committed 
sonje  serious  blunders.  Eight  or  ten  years  ago  the 
Third  A.yeque  Savings  Bank  was  one  of  the  most  pop- 
ular institutions  in  the  part  of  the  city  where  it  did 
business..  It  had  a  respectable  body  of  trustees  and 
krge  deposits.  It  was  incorporated  in  1854,  and  its 
progress  was  steadily  upward  until  its  deposits  exceeded 


six  millions.  It  had  the  advantage  of  continuing  under 
one  management,  its  policy  was  conservative,  and  its 
credit  and  influence  stood  high  in  the  financial  circles.  In 
an  evil  hour  dissensions  arose  in  its  Board;  several  trus- 
tees retired  ;  and  the  public  confidence  was  shaken  by 
reports  to  its  disadvantage. 

A  second  error  was  of  still  older  date.  Various  privileges 
were  obtained  from  the  Legislature  in  a  special  charter, 
which  conferred  on  the  trustees  the  power,  at  their  dis- 
cretion, to  invest  their  deiiosifs'  partly  in  loans  on  call. 
This  misobievous  privilege  had  much  to  do  with  bringing 
on  the  dissensions  above  referred  to.  It  was  not  long  in 
being  abused.  The  hungry  adventurers  of  Wall  street 
were  on  the  watch,  and  they  soon  found  out  that 
men  in  the  board  of  management  of  this  prosperous 
bank  could  lend  them  money  on  stock  collaterals.  By 
an  ingenious  device,  well  understood  and  formerly  too 
much  practiced  in  the  precincts  of  the  Stock  Exchange, 
these  adventurers  got  loans  on  government  and  other 
hypothecated  securities,  and  then,  under  plausible  pre- 
texts, withdrew  the  collaterals,  substituting  others  of 
less  or  greater  value  by  consent  of  the  bank  authorities. 
In  tliis  way,  these  reckless  stock  speculators  introduced 
into  several  well  managed  banks  and  savings  institutions 
a  considerable  amount  of  almost  worthless  securities, 
and  when  these  gamblers  failed  the  bank  could  not  sell 
its  collaterals  and  had  to  keep  them.  How  such 
mancEuvres  as  these  worked  the  ruin  of  the  bank,  we 
shall  perhaps  learn  by  the  receiver's  report  when  that 
document  appears.  What  is  known  is,  that  the  five  or 
six  millions  of  deposits  held  in  1808  declined  and  sunk, 
till  at  the  beginning  of  this  year  the  amount  was  but 
$1,454,958,  and  the  bank  was  losing  money  at  the  rate 
of  $45,000  a  year.  The  subjoined  figures  appear  in  Mr. 
D.  C.  Ellis's  Savings  Bank  Report,  page  168,  dated  1st 
January,  1875  : 

T.TAHTT.TTrKfl. 

Amount  due  depositors $1,454,958  37 

Principal $1,413,931  53 

Interest  credited  for  Jan.  1,  1875 41,026  84 

Demand  loan  on  bonds 65,000  00 

Excess  of  assets  over  liabilities 6,9t)0  65 

Total ...„ $1,628,919  03 

""        '  BESOUBCES. 

Bonds  and  mortgages $269,850  00 

Stocks  and  bonds 361,814  87 

Real  estate 698,667  16 

Cash  on  deposit  in  banks  or  trust  companies 16,010  10 

Cash  on  hand  not  deposited  in  bank 11.911  21 

Miscellaneous  assets 269,362  28 


J*tr  value.    Est.  m'kt.  riil. 

$347,000  do  $347,000  00 
43,000  00  43,000  00 
10.000  00  10,000  OO 

$100,000  00     $400,000  00 


Total $1,626,919  08 

BBAIi  ESTATE. 

Bank  buildings.  Third  avenue  and  Twenty-sixth  street,  cost $171,948  65 

Nine  hooses  and  lots.  New  York  city,  cost S88.61S  51 

Real  estate  at  Tarrytown,  cost 1.36,000  CO 

Total $588,567  16 

STOCKS  AND   BONDS. 

Cost. 

States,  Other  than  New  York $313,261  87 

Jersey  City  bonds 39,800  00 

DryDock,E.B'way,&  Battery RR. bonds       8.750  00 

Total $861,214  87 

MI8CELI.AMEOD8  ASSKTB. 

Interest  accrued $81,492  56 

Furniture  and  fixtures K,(m  63 

Estimated  value  of  real  estate  at  Tarrytown  over  cost 31,000  00 

Estimated  value  of  bank  buiWings  atid  lots  over  cost 8,051  .35 

Estimated  value  of  stocks  overcoat 88,7B5  13 

Individual  bonds  of  trustees,  bearing  seven  per  cent  interest. . . .  115,000  00 

ToUl $869,362  28 

We  give  this  report  in  full  because  it  is  extremely  sug- 
gestive and  is  well  worthy  of  being  put  on  record.  The 
affairs  of  the  bank  will  perhaps  give  rise  to  protracted 
litigation,  and  the  above  figures  are  the  latest  which 
have  been  officially  given  to  the  public.  The  report 
goes  on  to  state  that  the  number  of  open  accounts  Janu 
ary  1,  1875,  was  8,117;  the  number  of  accounts  opened 
during  the  year  1874,  1,562;  the  number  of  accounts 


OctoSer  2,  1875.] 


THE   CHRONICLE 


311 


Wtt. 


Sept   4 


Oct.     1 


Not. 


Dae. 


"     IS 
Jul     1 


closed  during  the  year  1874,  1,746;  the  number  of  ac- 
counts opened  since  organization,  61,244.    The  amount 
deposited,  not  including  interest  credited  during  1874, 
was  #680,296  89;  the  amount  deposited,  including  inter- 
est credited  during  the  same  period,  #761,795  91;  the 
amountwithdrawn  during  1874,1779,577  59;  theamount 
of  interest  or  profits  received  or  earned  during  1874, 
#108,339  77;  the  amount  of  interest  credited  to  deposit- 
ors for  the  same  period,  #81,499,02;  the  amount  of  each 
semi-annual   credit  of  interest  for  the  year  1874,  and 
when  credited  :  For  July  1,  #40,472  18;  do.,  for  Jan.  1, 
1875,  #41,026  84.     The  rate  per  cent,  of  dividends  or  in- 
terest to  depositors  for  the  year  1874  was  6  per  cent, 
on  sums  of  #5,000  or  under,  5  per  cent,  on  sums  over 
#5,000.     In  view  of  these  statements,  it  has  been  argued 
that  the  institution  should  have  been  closed  up  long  ago. 
To  this  the  reply  is  giren  that  the  bank  had  been  so  pros- 
perous in  the  y>ast  that  for  seven  yearn  the  successive 
Bank  Superintendents  at  Albany  have  believed  that  the 
institution  had  still  much  of  its  old  vitality  and  was  capa- 
ble of  resnsoitation.     Moreover,  in  the  bank  itself,  the 
same  belief  prevailed,  and  several  able  dynasties  of  trus- 
tees bare  vigorously   contended   against  hostile    influ- 
ences, and  in  a  perilous  sea  have  labored  hard  to  keep 
the  ship  afloat.     What  the  evidence  may  be  that  baa  so 
long  animated  sach  experienced  men  we  moat  wait  to 
leam.     It  is  impossible  to  deny  to  them  a  large  share  of 
confidence.     And  confidence,   as  Mr.  Richard  Schell  has 
lately  told  us  in  his  peculiarly  emphatic  style,  is  the 
foundation  of  all  financial  suooeM.     It  seems,  however, 
that  the  public  did  not  share  this  confidence,  for  they 
drew  out  their  deposits,  and  last  year  no  less  a  sum  than 
#779,577  was  withdrawn.    This  is  about  half  of  the  total 
deposits,   and   it    was    replaced   by   #761,795    of    new 
deposits. 

Another  vieir  is  supported  by  these  figures.  They  are 
interpreted  to  prove  that  within  the  last  two  or  three 
years  the  whole  of  the  present  deposits  of  #1,413,931 
have  been  placed  in  the  bank.  If  this  view  is  correct,  it 
will  follow  that  had  the  hank  been  wound  ap  a  few 
years  ago,  as  was  proposed,  little,  if  any,  of  the  present 
deposits  would  have  been  in  the  bank,  and  the  men  who 
are  the  present  losers  by  the  failure  woald  have  been 
protected  from  this  heavy  disaster. 

A  third  inference  which  has  be«o  dednced  is,  that  as 
the  losses  from  which  the  bank  has  now  saccnmbed  were 
all  made  several  years  ago,  and  as  the  depositors  of  that 
period  have  received  their  money,  devolving  their  losses 
apon  a  new  and  innocent  body  of  depontors,  the  latter 
have  an  eqnitanle  if  not  a  legal  elaim  on  the  saooessive 
boards  of  managers  who  have  been  entrusted  with  the 
management  of  the  bank. 

Such  are  some  of  the  conflicting  opinions  which  are 
being  agiuted  in  the  oommnnitv.  It  is  not  our  pre<H>nt 
intention  to  discuss  them  further.  Their  imp 
and  the  vigor  with  which  they  will  be  pressed  .!■ 
of  course  on  the  nature  of  the  report  which  the  receiver 
is  able  to  offer.  If  the  real  estate  and  other  prr)perty 
could  be  sold  at  a  price  near  iu  assessed  valuation,  it 
is  quite  clear  that  all  the  creditors  of  the  bank  would  be 
paid  in  full.  Hut  if  this  could  have  been  done,  the  bank 
might  have  gone  on  doing  baaineas,  and  the  present 
catastrophe  and  scandal  would  have  been  avoided.  It  is 
rumored  that  there  are  parties  in  interest  who  are  well 
able  to  take  the  real  e-<tate  and  other  unproductive  asseU 
if  they  could  be  convi-  '  •'  it  in  law  or  in  equity  there 
was  any  possibility  of  them,  or  that  the  Dresent 

depositors  have  a  claim  ^wnrn  ran  be  enforced.  Whatever 
else  is  done,  some  ainic.ibie  adjiislmeni.  oiicht  still  to  be 
possible  which  wonld  protect  the  in'  '     ""         ''.esl 

and  allow  the  p;)0r^r  depositors  to  L'  ,ih- 

oat  delay.  "•    •*|    •' 


COTTON  MOVEMENT  ANU  CROP  OF  1871-75. 

We  gave  our  annual  crop  statement  last  week.  Want  of  space, 
however,  compelled  us  to  omit  the  following  tables,  and  we  there- 
fore give  them  to  day.  The  first  statement  is  a  record  of  the 
prices  of  middling  uplands  at  Xew  York  and  Liverpool  on  Friday 
of  each  week,  with  a  statement  of  the  principal  facts  affecting 
the  New  York  market  each  week  during  the  year  1874-5  : 


16 


U 


y«b.  t 


f^ieU  a  fMUna  tMt  market  dwinq  Uu  year 
begiiudng  Seplanbtr  1,  1874. 

Weathermorctatlsfaetory  and  crop  reports 
interpreted  fATorabljr.  Ooods  market  nn- 
favorable.  Llrernool  off  Xd. 
Receipt*  at  the  poru  f  r«>er  and  prospect  that 
early  arrlva's  will  be  larffe.  weather,  ex- 
cept In  Texas  (where  there  was  too  much 

rain)  gen  rally  favorable. 
Free  receipts  and  large  offerings.    Agrlcol 

taral  Bureau's  repoit  of  crop  Issaed  and 

Terr  aofavorable. 
Recelnis    pressed    for    sale    from    wharf. 

Weather  less  farorable ;  loo  mnch  rain  orer 

a  considerable  section. 
Prieea  at  Xew  Tork  on  this  date  and  hereafter 

ifew  Cla—OlcaMvm,  belngtOr  Middling  kc. 

lower  Ihaa  OI4  OatMUcatlvH.   Cotton  Kx 

chaBgaaoprtporu  lasaad  and  mfarorable. 
i;ecelpt«  Tory  free  and  pre'aed  lor  'ale  on 

arrlralattbewharTa*.   Weather  raTonble. 
Weather  laroraMe  for  picking  and  mar^  etlng 

and  receipts  very  large.  Kroct  In  some  parts 

of  the  Sonth.  hot  not  svppoaad  to  be  killing 

frost,  except  In  a  very  limited  district. 
Weather  ve-y  favorable.    Receipts  very  free. 

Goods  market  depreaaed.    SplDners  con 

tenjplatlDg  nhort  tune. 
Rerelpts  rontlDue  very  large.    Spinners  rnU' 

nlng  short  time.    Stocks  accommatatlnj 

lapVdly. 
Frost  and  Ire  In  most  of  the  cotton  States. 

Goods  market  ubfavorabie.    stocks  large, 
Becdpts  very  large,  hnt  export  movement 

■arae  and  splnnla*  demand  Improved. 
8ac«lptacoDaanetree.   Liverpool  active  and 

hJcher.   Demand  for  export  aod  spinning 

good. 
Beeetpta  very  large  and  long  crop  views  more 

oopolar.    Onld  higher. 
Under  coDt  inurd  f>  ee  receipts,  belief  In  large 
tost'eagibened.    Gold  lower, 
its  very  large     Crop  eptlaiates  htgiier 

ksaO'tmnKlatlngrapldly. 

Tb»  large  stor-ks  and  excess  In  arrivals  over 

lad  year  have  served  to  leave  few  believers 

In  a  small  erop. 
Recelpta  show  s  large  falling  off,  both  at  ont- 

pon*  and  l"ter1or  ports. 
Baeelpl*  eontlaw  to  rail  off  rapidly.    Mills 

resiuniag  full  time,  but  the  goods  market 


New  York.  /—Liverpool.-^ 

74  5,   '78-4.  1874-5,  187S-4. 

c.       c.        d.  d. 


eonUaoes  depreaied 

naM<'ral  „ 

Dry  goods  trade  more  enrooraglog. 


rbrthcr  eoi 

Dry 
BecelpU 
'kel 


ble  fsHlngoffln  reoelpu. 

'  enrooraglog. 

Gold  lower.     Ooodr 


H  ore  tree. 
._.  .  ;et  fairly  active. 

SwistpU  more  liberal,  bnt  not  np  toesUmates 
•f  largf*  errip  ad*rK>ates. 
■Mipls  larifer  and  fair,  hot  favor  smaller 
erop  es  Imatra.    Bad  roads  are  claimed  to 
tatarfare  with  a  tree  moraaMM  of  erop. 

Rcealpw  off  slightly,  stwingtlianlng  the  posl 
lloB  of  the  advoeatca  of  auMllar  crop. 

liM-elpt*  fair      Roa's  In   ^onth   very   ^ad 


MvchS 
-     M 


Aprtt 


■ntiMB  eoBslderabtyiminar.eonllrmlngthe 

ampler  crop  viewa. 

Modera  e  erop  views  More  popviar,  though 

rreelris  are  believed  by  many  sril    to  be 

._8omewhat  cheeked  by  the  rains  and  roads. 

Baeelpls  ra'r.    Goods  (nue  la  Great  Britain 

■asaSafa  tory  and  Liverpool  eouon  market 

kasa  tsllTe. 

MSrket  In  Kaglnad  onfatrorable. 
ea  t<»  dscreaalag 

r  KClpU  at  the  norts  and  crop  satl- 
nrthor  redoead. 
,   ^       ad  small  reealpU.  Weather  for  plant- 


IS 


Mar 


Mills  la  New  F.nglaad  redoced  to  two-thirds 
of  the 


lime  by  res  on  o?  the  winter  droaght  and 
l>ssala»  of  the  iraiar  coaraaa. 
•JMHateta  aooewhat  leaa.   Gold  higher.    Ex 
"IZoiaiM  useitied 

Ma  eoBslderabty 
Iter  crop  views. 


I6X 

aoK     8 

«X 

IBJi 

MX  VA&i 

9 

16« 

ISX     8 

9 

1»X 

nX     7K 

8X 

IBX 

18X     8 

8X®9 

liX 

lex    8 

9X&X 

UX 

1«X      8 

9X 

ux 

UH  7xas 

9   ©X 

US 

15        7K 

8X 

UK 

ISX  tfi&X 

8X 

MK 

15W  7XOX 

8X 

1<« 

19K      IX 

8xax 

"X 

1<V  TXtftX  8X®S 

UX 

18        1H 

8X 

»K 

UX  tSOi 

8X 

HX 

UX  1X<AX 

8X 

ua 

It     1X9H 

«K 

ux 

WX     -IS 

8®X 

u 

1«K     -X 

8X 

16X 

16X  7%ax 

8X 

"X 

UX     7X 

tax 

15X 

15X      TX 

7X(ax 

Itfi 

UX  7KOV 

7X 

ITncomfort 


-  -   ^        t  hangi  atraao*.      _     _ 

•My  Unre  rock  of  co«ton  In  New  York 

WMlh(*r  for  plADltngmore  faTO'aMe 

tj^t*  aio€k  mad  frM  ftirmi*  l«  Nrv  Tork 
nuk«  r«c«tTer«  free  w  len,  u  Liverpoul 
tAricmv  IwtfftTorable. 

Rae«ip(i  •mal.  ^ot  eoMvnptlon  here  and  lo 
Orvftl  Briialo  dvcrcMed.  while  the  belief  1- 
t*  •  ecreece  here  wonld  be  incteMed 


*Slri»-'' 


■•     M  Crop  reporte  Tear 


Mr 


b*r  rold  In  Snath  and  erop  baekwsid. 
but  otiterwise  advices  fairly  favorable. 
llAl<1rrs  free  tellers. 
With  large  >lo<-k  he'C.  more  favorable  crop 
report*,  goods  msrkei  bad  and  Liverpool 
Off.  hoWio^  «re  free  tellers. 
Crop  reporu  more  favurable,  bot  receipt' 
very  small. 

ira  ly  mora  favorable  aod 

ifavorabi-. 
favorable  almoal  every' 

•otron  fexehanga  erop  aod  acreage  reports 
^S40'  d     Weeiri  telegram*  show  Avorable 

weather  almosOevcn  where  Soatfa. 
CBrro»ict,»acrc*te  report  l-sued.  Crop  pro- 

grrsslogvel7s4tl»fS;torlIy. 
iBPortaat  Iklliirea  In  London  and  Mancbea- 

l«r    Acreage  report  or  Agrlcnl'tiral  Burrao 

Uso  d.    Crop  making  good  progreaa. 
Cop  rrp"  ts  fsTo  able:    bat  stocks  are  so 

reduced  aaj  receipt*  so  small  tbattha  sop- 

plj  I.  vc  y  manageable. 
Cf  OD  reports  favo'  able,  except  rain  needed  Ir 

<<riinaseeilo«s.   Trsde  In  Oieat  Britain  and 

here  poor. 
Stock '  imsll  a-d  demand  fair. 

good  process 


»x  UX  7xex    8 

15X  18X  tXa^X  7X®8 

IBX  18         7X         7« 

I«X  16X  7X«t8    7X®.X 

UX  16  <      7X      VA&B 

UX  MX     7X        8X 

l«X  1«X  IXQta    8X®X 

1«N  17        8  8X 

ISX  17       sex       8X 

1«X  17X     8  8X 

1«X  17X  7X08       8X 

MX  nx  7  15-18  8X(aX 


Aug. 


Crop  msklng 

Ag'Irul'tn'ii  Bureau's  report  for  .July  Usnetl 
IS     .nnflrmlng  the  very  I avoialile  condition  of 

n  Trade  reports  had :  crop  aecoant'  «ood. 

Failure  Imncan.  Sherman  «  Co.    Crop 
80     counts  favor  able,  except  overflow  of  Mla- 

olrTnowor  the  Ml.-sUslppl :  otherwise  crop 
rwports  favorsblo.  Trade  report*  bad. 

Mo'C  rain  than  detlrable  In  some  parts  Of  tHe 
Sontb.    Stock!  of  cotton  unall  and  well 

C?"*!)  reports  fa/rly  favorable,  thoiiah  the-e 
is  much  romplalnt  of   exoeaatve  tains  In 

I    .niiir- sections.  

wi  W.»uier    mure   lavorable.     Advices   from 
»'l    Bombav  less  Ikvorable. . 


KX 

MX 
MX 
M 

M 

15X 
15X 


I7X     TX      6X&X 
18X      'H         »X 
18X  '>  IS-M     8X 
18X      7X         8X 

UX  1  U-U  8X®X 
18  7K  8XaX 
17X  T  7-16       »X 


UX  IIX  7  7-16       8X 

IBX  "X  7  8-16       81f 

15X  "X      7X         8X 

MX  17X      7  8X®X 

14X  17     «  M-M  8X®Ar 

14X  17      7  1-16       8X 

MX  "X      7X         BK 

14X  "        'X  8XI3X 

MX  MX  7  1-M       8X 

UX  UX  1  8-M       8X 


312 


THE   CHRONICLE. 


rOctober  2,  1875. 


Our  table  /or  last  year,  conULining  similar  facte,  will  be  found 
in  the  Chronicle  of  September,  1874,  page  286. 

MONTHLY  MOVEMENT  OF  CBOP. 

As  an  exact  indication  of  the  rapidity  with  which  cotton  hag 
been  marketed  for  a  series  of  years,  we  have  completed  oar  table 
showing  the  monihly  movement  of  this  and  previous  crops.  The 
remarkable  fact  is  brought  out  by  it  that  on  the  15th  of  December 
one-half  of  this  year's  port  receipts  had  been  counted,  and  on  the 
i'^d  of  December  the  receipts  at  the  ports  reached  one  half  the  total 
crop.  Last  year  half  the  port  receipts  were  in  on  Jan.  2  and  half 
the  crop  Jan.  11  ;  while  the  previous  year  the  dates  were  respect- 
ivi'ly  Jan.  8  and  Jan.  16. 

It  will  be  remembered  that  these  monthly  figures  are  made  up 
by  taking  our  total  mail  returns  nearest  the  end  of  the  month, 
aud  adding  to  or  subtracting  from  that  total  the  day  receipts  (as 
per  daily  Cotton  Exchange  report)  necessary  to  complete  the 
montli. 

HONTHLT  HOTIMENT  07  CBOP. 


Monthly  Steeipti. 


September  . 
OclobLT..  . . 
November 
December. . 


Total  to  Jan.  1... 
January 

Total  to  Feb.  1... 
February  


Total  to  March  1 . 
March 


Total  to  April  1 . 
April 


Total  to  May  1 

May 

Total  to  June  1 . . . . 
June 


Total  to  July  1. 
Ju  y 


Total  to  August  1, 

August    

Corrections 


Total  to  Sept.  1  . . 


Year's  port  recelpti, 

Overland 

Southern  consump.. 

Year's  total  crop 


Per  cent  of  total  port 

receipts  to  Jan.  1. 
Per  cent  of  teal  port 

receipts  lo  Feb.  1. 
Percent  of  total  port 

rec'ipts  to  M'ch  1. 
Per  cent  of  total  port 

receipt?  to  April  1, 
Per  cent  of  total  port 

receipts  to  May  1.. 
Percentof  total  port 

receipts  to  June  I. 
Per  cent  of  total  port 

receipts  to  July  1 . 
Per  cent  of  total  port 

receii^t-  to  Aug.  I. 
Percent  of  total  crop 

to  Jan.  1 

Per  cent  of  total  crop 

to  Feb.  1 

Per  cent  of  total  crop 

to  March  1 

Per  cent  of  total  crop 

to  April  1 

Per  ceu  t  of  total  crop 

to  May  1 

Per  cent  of  total  crop 

to  June  1 

Per  cent  of  total  crop 

to  July  1 

Per  cent  of  total  crop 

to  Aug.  1 

Half  the  port  receipts 

received 

On    which    day  re- 
ceipts were 

Ealf  the  total   crop 

received 

On    which    day  re- 

celpts  were 


Year  leginntng  September  1. 


1874. 

134.3:6 
536,96' 
676,  i95 
759,086 


4,106,675 
44t,052 


a,550,T27 
381.3^1 

8,931.051 
»51,43>l 

3.185,18 
l!i3.59S> 

3,319,082 
81,780 

3.400,8'>2 
66,011 


3,456.87: 
17,061 

3,473,9.36- 
l:i,B44 

9,70!' 

3,497,16!t 

3.497,169 
805  339 
130,183 

3.63'2,9<)1 


60  24 

7a.  93 
83.89 
91.08 
94.90 
97.84 
98.84 
99  33 
54'96 
66  54 
76B4 
83-10 
86  59 
88-7S 
90-18 
90-03 

Dec.  15. 

1 ,746,630 

Dec.  ii. 

1,916.767 


1873. 


115,255 
355,3S1 
576,10:i 
811,608 

1,658,349 
70-2,168 


2,560,517 
4SJ.6S8 

3, 043, 205 
33-2,703 

3,S75,908 
;r3.986 

3,549,894 
127,34li 

3,677,810 
59,501 

3.736,741 

31,S56 

3,768,597 
2),  894 
12,399 

3,804.-29<i 

1,804,29 
-237,57-2 
128,586 


48-84 


1872. 


184,744 
444,003 
53>,153 
521,975 

1,6-13,87.'^ 
509,43 


2,-263,3a', 
462,55 

2,715,8:,7 
809,30-. 

3,0-25,164 
118,3-.!) 

3,244,043 
173,693 

3,417,736 
72,602 

i,49a..S38 
&3,615 

3,573,853 
46,461 
31,02t> 

3,651,346 

3,651,346 
141,500 
137,862 


1871. 


82,073 
329,449 
461,5'J<) 
5-20,274 


1,393,305 
492,246 


1,885,551 
346.594 

2,232,146 
208,0:18 

2,440.228 
135,971 

2,576,205 

77,86. 

2,654,072 


1,170,388  3,930,50s 


46  n 


67-30       61-71 


79-99 

74-38 

88-74 

82-85 

93-31 

88-84 

96  66 

93  60 

98-82 

95 -59 

09  06 

97-87 

4456 

42-88 

61-89 

Bias 

75-37 

69  0!) 

80-94 

76.-90 

85  12 

82-63 

88-17 

86  95 

89-60 

88-80 

90  36 

90.92 

Jan.  2. 

Jan.  8. 

1,909,958 

1,822,525 

Jan.  11. 

Jan.  16. 

'i,08.1,116 

1,978,16 

2,693,758 
16,508 

*,710,266 
14,808 
7.212 


1870. 


123,317 
355.099 
514,142 
6-25,714 

1,648,272 
6-27,281 


2,275,55 
608,68 

•i,8S4,142 
428,107 


3,588,817 
193,031 


3.781,847 
128,846 


2,732,286 


3,910,69-J 
59,81.- 

3,970,53. 
87.715 
ii,90-J 

4,032,15, 


■2,73-2,'286 
1-22,065 
12O,CO0 

2,974,351 


60-99 
6901 
81-69 
89-31 
94  28 
97-10 
98 -.59 
99  19 
46  84 
63-42 
75-04 
83-04 
86-tl 

89  33 

90  66 
91-12 

Dec.  29. 
1;376,784 
Jan.  5. 


4,08•^154 

228,9-2c 

91,24C 


-4,35-2,31; 

40-87 
66-43 
75-28 
82-14 
89-00 
93-79 
96  99 
98  47 
37-87 
5228 
66-26 
76  10 
84-45 
86  89 
89  85 
91  22 
Jan.  18. 
2,011,601 
Jan.  26 


153,(104 
333,601 
367,813 
500,105 

1 ,355,423 
420,123 

1,775,546 
372,318 

-i.147,864 
346,5-24 

2,391,388 
193,.M0 

■2,587.923 
177,995 


2,765,923 
.'9,484 


i,825.40J 
51  ..309 

2,876,716 
26,230 
8,176 

■Z.911,18t 


1, 4''6,8932. 161.295 


i,911,121 
153,885 
90.000 

3,161,946 

46-56 
60  99 

73-78 
82-26 
88-89 
96-01 
37  06 
98-81 
42-96 
66-27 
68  07 
76-89 
8202 
87-67 
89-65 
91-18 

Jan.  8. 

1,454,9118 

Jan.  18. 

1 ,575  889 


We  should  Btate  in  explauatiou  of  the  above   that   the   move- 
ment in  July,  as  given  above,  has  for  one  or  two  years  been  added 


to  materially  by  a  count  of  stocks  in  that  month  ;  as,  for  instance, 
in  July,  1873,  the  receipts  are  stated  at  83,515,  but  that  includes 
the  correction  on  count  of  stock  at  New  Orleans. 


FINANCIAL  REVIEW  OF  SEPTEMBER. 

The  month  of  September  did  not  show  as  general  an  improve 
ment  in  businef<8  as  bad  been  hoped  for,  and  in  the  early  part  of 
the  month,  particularly,  the  volume  of  transactions  was  str.all. 
Therq,were  a  few  failures  of  some  importance  during  the  month, 
but  these  were  traceable  in  each  case  to  special  causes  affecting 
the  houses  involved,  and  were  not  taken  as  indicating  any  gen- 
eral unsoundness  in  the  branches  of  buBioef<s  to  wh'ich  they  be- 
longed. At  the  close  of  the  month  the  outlook  was  favorable, 
and  the  assurance  of  good  crops  in  the  South  and  West,  a  mods- 
rate  aud  reasonable  advance  in  railroad  freights,  a  good  jobbing 
trade  in  some  of  the  Western  cities,  and  the  declaration  for  hard 
money  by  the  political  parties  of  most  of  the  influential  States, 
except  Ohio  and  Pennsylvania,  had  all  contributed  to  cause  a 
hopeful  feeling. 

The  money  market  remained  quite  easy  throughout  the  month 
for  call  loans  at  IJ  to  8  per  cent.  On  commercial  paper  the  rates 
advanced  to  5i@7  per  cent,  for  prime  paper,  which  was  merely  a 
natural  rise  with  the  advance  of  the  season  towards  the  period  of 
more  active  businesB. 

The  prices  of  government  securities  were  well  maintained,  and 
bonds  met  with  a  good  demand  from  financial  corporations.  Bus  • 
iness  was  at  times  unsettled  by  tfee  fluctuations  in  gold,  which 
always  influence  to  some  extent  the  price  of  governments.  Calls 
for  additional  five-twenty  bonds  to  the  amount  of  $18,000,000 
were  issued  during  the  month,  of  which  -f 3,000,000  were  for 
account  of  tl\e  Sinking  Fund. 

OLOsnta  PBioas  or  eorBBNxmiT  bsoitritiss  in  septbhbbb,  1875. 


Sept. 


.    120Ji     ... 
116X     ....  182 


123« 


, Coupon  bonds. . 

5b  "81  fund.  6s'81  6s'81  5-208  6-2u8  5-208  5-20B  5-208  10-40B  10-408    Ss 
coup.     reg.  coup.  1864.  1865.  1865.  1867.  1868.    reg.  coup.   cnr. 
new. 
1!9J<  120 

..  mx  in«  n9'A   ....  ii5x  n6x 
iiiji   ....  r.eji  1-211      ....  115X  117 

n7« U8X  I-IOK     ....Ubfi     

'  .V.V'V.y.'m''nY)i'iisii'iiiH'iia>i'mH'm'''.'.\'.'m']^ 
133X  117X 

117X     ....  liiH  n-.H  ll»)i     ....120X120%     

mji     117«     ....  liSX     Ui}i     ....  123>< 

118X  121K  123X     IISX  !«)?<     1"X 


11 118X  Wl>i  1--3X 

12. 


.8. 


118Ji  120;i 


IS 121X  1-28X     118J4     ...     120J( 

14 117X       .  .   12ax     120K  1-21 

15 n8X     ....  I18X 

16 ..     12:tX  119        ...     118X  120X  131X 

17 117X  131«  1*JX  118.^  119X  118X  1-211X 

18 !18X     !■•" 

19 8 


117 


116% 


1S.3X 
^S3X 


117>f 


118X  131X 


..  119 


.  ..  121X     

.  .  lilX     ....  1I9J< 
123X     .... 

....  121%  mx    .... 


118%  119  12flX 
....  ll^X  121 
....  irj«  121 
....  119%  i-n 
....  119%  121 
H:.%  1-21 


Ul>i 


116% 
116% 
116% 
116% 


123X 


.8 


inx 
liix 


133% 
123^ 


30 118%  121% 


..   121%  133%  119X 


119% 


119%  121 

...  120% 
119%  1-20% 
119K  1-20% 


116,X 


118 
117% 


124 


Opening 116%  1-20X  12!      116%  117X  117%  119%  120      115';^  1165.'   133% 

Highest  ....  :18%  121>«  12:iX  119«  119%  11«%  1*  121%  117      118      134 

Lowest.  .   116%  laOii  1-28       MB%   11!X   117H   119%  120       llS-i  ll^iX   l-2i% 

OloBing :18%  121%  133X  119%  118%  119V(  120%  131%  116%  117%  1-24 

OLOSINS    PBIOBB  OF  CONSOLS    AND  D.   8.   BBODBITIBS  AT  LONDON  IN    BEPTBHBEB. 


Date. 


, Consols  U.  8. 

for    I  5--20, 

linoney.  j'65o. 


5-20,110-40 
1867.1 


Date. 


Wcdnesd': 

Thursday 

Friday  ... 

Saturday . 

Sunday... 

Monday... 

Tuesday.. 

Wtdnesd', 

Thursday 

Friday... 

Saturday . 

Sunday.. 

.Monday. . 

Tuesday. , 

Wednesd' 

Thursday 

Friday . . . 

Saturday. 

Sunday 


r  1  94  9-16 
.  2  94  7-16 
.  3;  94  7-1  . 
.  41Exch.  ( 

5      

.  6  94  7-18 
.  7:94  9-16 
f  8  94  9-16 
.  1  94% 
.10  94  7-16 
,  .11  Kich.  c 

..18!    

..13  94  916 
..14194  9-16 
yl5|!l4  7-16 
..16  94  9-16 
..17  94  7-16 
..18  94  7-16 
191     


IIMH  108%  IMV 
106%  10-1 V '  105 
lOiJi  11)8%  105     ! 

jlos'd  lor  rlep'rS[ 

!:06x'i6sx  if«"| 

106%  108^  105  j 
\U64  10S%  105  I 
10l)%  lOSH  105     I 

10  %  iu8%  ma 

los'd  for  r  ep'rs 

I     ...     .... 

106%  108  105  I 
10li>»  108     111  15     I 

itj6%ao7%  ;05ii! 

1106%  10T%  1I14X 
10ti%  107%  105 
106%.lff7X  105 

I    ...   I    ....I    .... 


'Monday. ...2C 
{Tuesday.  ..21 
'Wedne8d-y33 
Thursday  ..33 

Prid.iy -24 

Saturday..  35 
Sunday....  26 
Monday — 37 
Tn>-sday.  21 
W«lneert'y29 
|Thaniday..8U 


Consols  U.  S. 

for     I  5--2'l, 

money.  i'65o. 


lOilf 
103% 

10*;% 

106  i« 

:io6i4 

106% 


94  7-18 
9l  7-!6 
94  7-16 
91 .5-16 
94  8-16 
94% 


94  1-16  106% 
93  13-lh  106% 
93  ll-16'10t.% 
93  1I-16;i06% 

I 

Opening ,949-16    106% 

Highest '94  9-16    106% 

Lowest 93  11-16  106% 

Closing 193  1.-1B,1(:6!4 

High.  (Since  95  1-16    108% 
Low,  f  Jan.  1 ,91%       |105% 


5-20, 

10-iO 

lt67.| 

'lorx'ios 

1.17  i»  105 

107%  105 

10714  105 

lOiX  io> 

lOlX  105 

107%  10^ 

li'TX  104X 

io;%,l(i4X 

!107% 

•04.x 

108  if 

104X 

una 

105% 

1117)4 

1J4% 

111"% 

104X 

109%  !07 

106% 

108% 

The  demand  for  railroad  bonds  was  good,  and  prices  of  the  best 
bonds  were  generally  well  luaintained ;  the  high  range  of  gov- 
ernments and  tlie  prospect  of  easy  money  during  the  l*'all  stimu. 
lated  the  inquiry  lor  these  securities. 

The  following  table  will  show  the  opening,  highest,  lowest  and 
dosing  prices  of  railway  and  miscellaneous  stocks  at  the  New 
York  Stock  Exchange  during  the  montlis  of  August  and  Sept.: 


October  2   1875  ] 


THE   CHRONICLE 


313 


B^aeB  or  stock*  n  Auaon  aks  nmxuiL 

\iifiuL' -^  . S<fpl«mtier.- 


■allr*«4  m«eha.  Open.  Bled.  Low.    Clo*.    Open.  Illeh.  Low.   Clot 

Al-xar  A  SaaqafbADa*        ...        104        101  li>4       KM 

Atluur  *  i>«eMc  pnr..    ISX      14         11         1S)<      U]<      13  9li       9X 

Ceotnlof  S«wJ«iHj..  lObi^    UlU    :(»       llOM    110       IHV  >10       lllV 

CUcairoAAlUM liMX    VHM    100       100       100 

do  pnf  ..    I(«       HI        IDS       108       104 


CUc«pa.BarL*QaiDn  1»H    lUM    I'iK    iUH    »* 
Cbicico,  MIL  *  St.  PuU    at\i     ~        " 


100  »;m     iia 

lOMf  mx  101 

lUK  lll)<  lit 

ST)<  SSV      S4X 

«i)<  «1K      S1V 


do    prar.    eSK      «K  Sit]<  UK     u            ..          , 

do       ASorthwnt'n    41K      «5<  86H  mH     »V  40li  Srv  40 

do                 do    praf.    U         MX  61^  M)(     MV  »!<  MX  ^4 

do       *  Bock  UUnd.  lO^V    10»S  icaji  IMM  I«J(  IWX  lOb^  li«V 

CI«n..Col..Cln.*Iad..    43M      .-S  4}  HV     U  M  SO  «0< 

dm.  A  PttUbors  nar.    M;^      M  SDJi  l^i     l>X  •>¥  Wit  MH 

ColaiQti..Clile.*Iiid.C.      4          S  -  4          4)f       4           4W  8S'         *H 

I>«L.Uck.  *  Wab-ro..  110       ItIK  ll'i)<  119X  11*X  1**  1>!>V  ISIV 

Daimqaa  *  Staox  Cttj..    td        •«  60  M        (i  «y  S4  M 

»*>. 14J<     \m  UH  UK      IJX  *>«  :»H  " 

doprefamd H         «  8  M         SI  40  »)(  83 

Hannibal  AltLJoMph..    tIM     W  tl^  »y     KM  tSM  nx  19M 

do              praf.    81         81  »  n         M  M  »1  H 

~    '       13>J<    IHK  U4  UIM  IMX  U4J<  1»  181 

OaMial K         W  >«  t8X      HV  «8)i  97V  M 

PacUe  10        ISX  10        Itx     11  1*  ux  UM 

UIM8ka.AMIefa.SoaU    6IM     H  M  m  8«X  lOJf  SIW  MM 

meklcan  Caoinl U        t^S  "*  84  «  M  68  6> 

MorrteAlaaax Ml       104  101  lOiV  Mm(  IMV  Wt  lOSX 

IlewJ<n«7 li»H    180y  1»)<  UWt  >81W  UU  180)(  180k 

R«wJane7  8otiUurn...      t)(       8  8i(        14       tV       fJi       tX       IX 

"                                                     —  10»K  U8X  »0»S  108X  «0«K  1083< 

141  14IM  Mt)i  144  144)i  114 

KH  Kfi    wa  i4)i  HK  n)i 

41  44  40  -  -  - 

130  180 

UilM  H 


M.T.Caa.AH.R 104'     106 

do    N.HaTeo  *  Ban.  1«4       146 

OhloAMIatUaippl.  ...     !•)<      10 

do  pnt.    41        44 

PacUc  of  Mtaaoori i^)t     «t 

Faaaaa. 181       148 

Pllta.,  r.  W.  *  c:>i.(aar    90 
Rooio  A  WalarViwa....    iS 
n  I»,il8»*T.  a.  ...      T 
Ou  praf.    83 

8C  L.Iraa  ML*  Hoath.    18 
8L  L-jui*.  Kia.  C  *  N..      &X 
do  do     pftf.    80X 

ToL,  Wab.  AWaatani..     m 
do  (nf     7X 

UakmPaeUe V..      -  ' 

Vama     

m  i*««i  !•■••■•• 


80 

U 
■X 


M 

IS 
5 

98 


lOOM    uo 
88 

.8»« 


40         8ft  85 

t»\    47X    s*x  asM 

U4       141  184  188 

101         9TV  88 

tax     5t«     MX  MX 

T        r        T  : 


n 

8 


IS 

n 

8 


IS 
18 

8 


IS 

18 

8 


SIX      80X      SIX      80X     81 
•  >K       TX       »X       IK 


nx     WX     TtX     IIX 
10>X    101       lOtX    Ml 


Tl         T4X     88X      88X 
10«X    108X    10:x     UMX 


^^^-"^.riciM.-    ""      •*      **"      "*      -**      "*      -"       -'* 


AuaaUaAPacMcTaL. 
""          lOahwTri.... 
lOoal 


II 


MX      l« 


S8X    MX    nx    wx    -m 


PauHjInBla  C-ial     

SpriagMoaoulaCaal..  M  88 

Caiim 84  84 

MVaaLAN.oipald  IfX  in( 

do      do  pcaf.  dn  18  18 

QakkaUnr.  I9X  18X 

*o      anl  tlX  81X 

ibanaa mx  MS 

Ban  Kspraaa 67  81 


88 

80 
10 


«¥ 


84 

10 


80 

4t 

n 

m 

81 
10 
18 


18 

»tx 

81 


7nllad  Stata*  Isp 


lox  MX      MX 

■  •X  MX      UX  M 

30  80         SS  St 

IMX  MS  US  Ml 

81  S*X     SS  80X 


8r*ll«,  Far  io  Ifpfi. . 
Dai.  ABad  Oaaal 


81 


«8X      4IX      *t 
SI 


11  80 

»X  »K 

80  80 

48X     44X  «BX 

18         17  17 

873  878 

41  81 
«T 

9  lOX 

•  V  IIX 

1<X  >8X 

88  8BX 

Ml  MIX 

"  »<X 


IT8 
81 


80X      47 

lOX 

18 


«4         48X      a         48 

II       n      T7X    88       :tx     t* 
I ii*x  Hsx  «i»x  n»x  n»x  iwx  «'»x  iiox 

BawB^BMalo.S«»c«f.  MIJS  MIX  l«0   MIX  MIX  W8X  MIX  10»X 

PaloaTfaKOo Itl       13S       183       IB 

U.8.Tra«tOo SBO      810       810      S»         

MaalMtunOM irx    Srx    8tIX    MIX 

Tha  }rinrip«l  faalurw  In  go\d  waa  tb«  aenrdtj  of  iopplr,  uid 
with  high  raU  a  to  borrowan  on  eold  loana  tba  pramlain  Mvasead 
from  lU  Id  tba  carl/  part  lo  1171  toward*  tbo  doM.  Tb«  imtaa 
on  kaaa  nrnffmi  op  la  ^  par  dny. 


..  84  IMX  II8H  tI8X  (MX 
...a»  SMX  lUX  II8X  1I8X 

'.'.'.SI  ItSS  1I8X  li«V  l'*V 

,  ...  M  liax  Il»\  ■ 

,W«daaaday...»li;     lla-. 
Tfeanda7....S0  1I7X  in 


Sndar.... 
Mowhr... 
Taaaday .  . 
Wadaaadar 
Ttaradar .. 

trtdar 

Satardaj... 

tudar 

Jfoadar... 
Taaidar  ■■- 
Wada  (day. 


I  sx 

H         .  -     ,  ...    ,.l«x 

l«ll«X  MIX  IMx'tlSxl 

17  l.A  «  ;  I'^v  ii'iv  Kft^ 
1* 


31  >:■•■,  i.Hti  ir.i'.ui'l 

.  n  i:ii\  !i«i<  ii«k  !!»<« 

W  lt«i<  II8X  tux  1I8H 


I55EJ*V--    »  ;ij«  Will  iWiiilUXI  aa-C,  M Ijux  IHX  inx  I17X 

gfe.  .....M  iftxiii  X  m  <i»x  ^^  ai  ...li-ax  w.s  II  X  ii»s 

*  — ^          ■■                                   --      ,.  •        .               . 

1- 

'"■  •  '. 
1^  -i 

1*.;.  .   '  -i 

s-"7 — # 1S88.  :44u 

■"•••r in  .     ^,..     .       -       1811 ^,\i\ 

M* |.»7      l*«H  l«»X  MIX 

._     ,  MM.    ..'ii»x  ntH  IM    mi* 

- ^        .    ycaJfcn.  1. 1W3  llts  IIIX  inx  II7X 

^FonlgB  Etebasfd  waa  grf  ny  dapr— ud  in  rmwa  by  tba  btgb 
ftwn  nt  ifotd  sad  gold  loMa.  and  prlna  banka'a  60  daya'  atarllnff 
»«-  iw  a*  4.78.    The  r»t«a  fluctuated  daJIy  io  ■ympalhy 

wi  I  aicrpi   for  the  amall  amooot  ol  tllla  offering  tha 

tatea  migui  iiavs  gooa  Iow>>r. 

araauaa  aiciiARai  fob 
ISdara.  3  <U 


'^  V.tr': 


8  day*. 


DJIITBD  STATES  IMPORTS  AJiD  EXPORTS  FOR  »UCDST. 

The  foUowini;  statement  ot  the  imports  and  exports  of  mer- 

cbandiae  into  anil  from  the  several   porta  of  the  United  States 

daring  the  month  ended  Aug.  31,  1875,  is  furnished  by  the  Chia  f 

of  the  Bureau  of  Statistics : 

Import?.  Domestic  exports.       Exports. 

Ciutoms  DlitrlcU.       (Spe.ie  vain"*)  (Mixed  nlner.)    (Specie  value).) 

Ba'timure.  Md.  $i,633jDS  t3,4MV6                  $8,847 

Besafort  SO 418  30.»«                         50 

Bo-t>n  *^..  Mwa 3.318.488  1.0i&6U                   78,996 

Boffilo  Oret-k,  M.  T 191.878  94,808                       SOS 

Champlaio,  N.  T SiS,4SS  181,818 

Charla^tnn.  S.  C 1,088  1*8.914 

ChlCBCO,  ni 4S,99l  686.490                    86.188 

Detroit.  Mich    88,471  S9S,4a                   89,484 

Pernaodloa,  Fla 81.340 

0*lTe<>tOD,  I'exaa 1^,903  TO,ST8                      .... 

Ke/We-l,Flt 18,8M  80.188 

Xlfwukee,  Wis 1384  408.380 

MlDDeaora.  Minn 187,777  88.109 

MoNl.-,  Ala    89«  K*66 

New  HsT.'D,  Coon 97.198  808,867 

New  Url<«oa,  U 783,389  M3.008                   10, W8 

New  York.  N.T 31,746.788  lt,7l6.SIS                 8j8,S31 

NorfotkAc.  V's _            1,170  M.TTg 

OewagOLN.T  818,788  183,4(3 

Paao  oW  R<>na.Tex.,*  N.M.           8.M1  ....                      ...    ^ 

Paaasmaqnoddr.  Mo 80,787  681023 

Pear' BlTcr,  Ml«a ....  87  379 

PenaaeoU.  Pla 1,181  64,641 

PaiarabanL  Ta .  . 

PblNdelpOa.  Pa l.TKOIS  8,796,119                   11,064 

Ponlaad  *c..  Ma •  a                       '     , 

Rlebanad,Va IBIJTS  838.114 

Has  PraadKO.  Oil 8,098,118  I.636.458                  81,718 

Saaaanah,  Oa 81.107  13.463 

WllBlagfoa,  M.  0 1340  176.6S8 

Allothcn 8IB.S78  1.860,7«J                 16!<,810 

Total  ltarAa«.,  1878.... tUJ»im  ^&«tnO              t9<8.t«6 

"      1874. 48,M7,88r  88.1*9.883               1.180.896 

"    8aKia.aBd.Aac.ai.'73.  8M),S84,48B  83e,«»,lv0              8.8»7,38B 

^.     ,^4   3M.384.m  4I6,SNJ«S             10,8'«.406 

8pae)aaodbal*BforAa(.'73,      1.101,413  4  SU,tl6                171.087 

"    "74.      l.S00,64S  7.817,515                   687,648 

"    lor  8   aoa. 

aadad  AafrSt.  IRB 14,608,08  80,488,144              8,841,888 

Aac.81,in4 S,«H,SS3  «8,a87,64S               6,164,884 

aoui  TAuna  or  noawno  Bzroan. 

HoaU  ended  Aac.  81, 1878 881,698.988 

Mnvh  ended  Ana.  81, 1814    36.«8  .831 

llHeBdad  Aac.81,  MIS 8l4,a80,i<91 

ended  Anf.  81, 1874 (18,818,387 

*  Belaras  not  raealrcd. 


t-mx 


04.88X 


Rallrmids  Md  tbe  8Ute  Tax.— The  Couritr 
Journal  aats:  Tba  railroad  Ux  oommlaaloners  of  the  State  of 
TrnniBsaa  bare  completed  their  labor*  and  Bubmitted  the  result* 
to  tba  Controller. 

Tbe  railroad*  were  allowed  to  ehooaa  between  brlni;  taxed  1} 
per  eeat.  on  their  irroa*  earBlnffB  or  40  cents  on  tbe  ficio  simiiid 
raloe  of  their  property  lying  In  the  Sute. 

The  following  road*  preferred  the  former:  Nashville  Cbat- 
taonoga  k  St.  LouU,  Western  k  Atlantic,  Etst  Teni^sse  A;,yir. 
rtnta.  •mbraeiogr  the  roads  un'ler  Ik  contract,  Baat  Taaneasee  & 
O«or|r1a,  Maaaphto  4  CbarlealOM,  WIncbeater  ft  Alabama,  Mc- 
MinnTllla  A  Mannlinler.  T*Dn**iBi  Coal  and  Bailroad  CXimpany, 
and  TeanaMaa  k  PadSe. 

Tl-e  loUowlngrefoaedthsIipereent.  alteroaitve, some  denying 
that  tbe  9wt«  ted  any  right  to  tax  certain  portion*  or  all  of  their 
linen,  in  any  manner,  and  were  aeoordlngly  aaaaiMd  for  tasatioD 
at  tbe  rat*  of  40  ceo<*  per  f  100  : 

Mobile  k  Olio.  81.  Louis  k  Soathrastern,  Clnolonati  Cumber- 
land Uap  ft  Ctiarleeton,  X»w  Orleans  St.  L.oula  &  Cliieago,  Mis- 
siaaippi  k  TeanMsee,  Padncah  k  MempuU,  Louiaville  &  Nasb- 
Tllle,  mala  M4ai  aMl  roada  aader  tlieir  oontrol,  namely,  the  Ten- 
neaaea  k  Alabama,  llamplil*  k  Clarkaellle.  Meiophis  k  Oliio, 
KnoxTille  4  Charleston,  KnoxTllU  ft  Ohio,  and  the  Uogerarilla 
ft  Jrfferaoa  mad. 

The  coaaty  aathorltles  are  allowed  to  tax  tbe  latter  group  of 
road*  at  a*  bi|^  a  rata  as  the  State,  bat  it  is  Buppos>-d  that  not 
more  tbaa  \0§lH  eeat*  will  be  levlad.  As  to  thi  Qrst  group, 
thi-r*  Will  probablrartae  C'loflicta  of  authority,  which  the  courts 
will  have  to  aettfe,  but  the  act  of  the  L>egialature,  a*  it  stands, 
prerenia  the  eouotlee  from  taxing  tliem  in  any  way.  Tlie  rmult 
»f  this  will  be  to  cause  ine<]aality  between  the  laxea  levied,  as 
one  sei.  oLJsMDada  are  pruteetf^  from  any  laxalloo  aave  that  of 
tb'  Stat*,  while  another  aet  will  be  taxed  addilloually  by  counties 
an  I  towaa. 

It  will  b«  ■otieed  In  the  follonrlng  list  of  State  assessments  that 
the  auihoritlaa  baee  paid  the  L<.  ft  N.  Rallroid  the  unde»irablii 
compliment  of  aasfls-iiug  it  higher  than  any  oth>'r  road  In  the 
State.  Tbe  table  shows  the  number  of  miles  in  the  State  and  the 
rata  ol  awsissd  valae  : 

11.878,000 
3^8,000 

aBS,"Oo 

1,481,618 
19.300 

annpo 
8I7.SI0 

i,ou,e7o 

S.18e,oro 

iao,uta 

4iJii,IJ<iO 
HO.OOO 


Mobll*ftOkKII7mileaattl8,)IOa 

8L  Loala  ft  MntbeasUfn,  4)1  ollea  at  18.000 

Ctacinnall  Oaaiberlaad  Oap  *  Charlealoo,  80'3  mllea  at  tU.SBO 

Nrw  Orieana  OblcagD  ft  HI.  Looia.  118  0110*  at  111,600 

XIaalealpol  ft  Tenaaaaee  «'3mlle*at  •lO.'OO 

Padacsb  ft  Xemphla.  «  roll  •  at  18.000    „ 

I/nuarltleft  NaahTil  a  mala  ulem).  4^'4t  mllea  at  S'8,000 

Saabalile  A  Deeaiar  dirlil  >n.  l«-97  miles,  at  SII.OOO „ 

Memabla  A  CiarkaTllle,  and   Meopbis  A    Oblo  dIvlaloDi,  118-8 

mlle^.  at  Sl^'nO 

Kaoxallle  ft  Ch«rle*  on,  18  mile*,  at  t '0,000 

Knoztl  I*  A  Ohio,  b8  mile*,  at  8.100U , 

XogaraTtll*  A  JaOerson,  18  mllaa,  at  16.000 

818  901  totals 

Aaaaaaaanta  by  oou ties  sad  towaa , 


.tl0.3.t7.IU 
,.   10,807.083 


Total 


>tl ~ 180,1843 


314 


THE  CHRONICLE. 


'■  ••  [October  2,  1875, 


taXtBi  fnonetarn  anir  doinmercial  (Snglial)  Neroa 

RATES  OF  8XOMA.NOB  AT  LONUON,  AND  ON  LONUON 
AT  I.ATBST  OATBS. 


RXCHANGB  AT  LONDON- 
8BPTBI1BER  10. 

BXOHANGB  ON  IX>NDON. 

OK— 

Tin. 

RAH, 

LATB0T 
DATB. 

nu. 

BATS, 

Amaterdam . . . 

ehort. 

ii.i9xa'3-«>H 

Sept.  10. 

abort. 

11.96 

Antwerp 

8  monthB. 

IJ.O'J    @12.01M 

'* 

aa.jo 

Hamburg 

•• 

S0.S9  m'ia.es 

3mQB. 

20.87 

Parl» 

short. 

*5.42Xa«5-47Jf 

•J5.15  a-:5.» 

short. 

■i&.HM 

ParU 

Vienna 

3  montha. 

Sept.  10. 

8  moB. 

lii.so 

Berlin 

» 

m.yi     @20.»3 
30.59     a20.l>3 

4« 

abort. 

ao.S'j 

Frankfort 

20. ss 

3t.  Petcrsbarg 

K  5-!6®;iS  1-16 

3mo8. 

32  31-33 

Cadiz 

90day«. 

47X®47« 

.... 

LUbon 

ICUan 

a  montha. 

27.4Jxaa7.473< 

.>•■ 

,,   . . 

Qenoa. 

•» 

^^.i'iii^^A^}i 

.  ... 

.... 



Naoles 

*♦ 

wMiim'J-^'ia 

Sept.  I. 

8  moe. 

96.90®26.93 

Madrid... 

*' 

it  &nn 

Sept.  9, 

48  80 

New  Vork.... 

,.  ,. 

»ept.  10. 

.  ,. 

$1  62 

Rio  de  Janeiro 

• .,. 

Aug.  14. 

8moa. 

28\®S6Ji 

Bahia 

■  • ,, 

Aug.   ft. 

2t,K 

Baenos  Ayree.. 

..,. 

..,, 

Valparaiso 

■  ,,, 

.••• 

...• 

Pernambuco . . 

,,,, 

,,. . 

.      .. 

Montevideo... 

,,,» 

.... 

Bombay 

Sept   9. 

6mo8. 

U.  \V>%d. 

Calcatu 



Sept,   1. 

*• 

1*.  10  l.lt)(^3-16rf 

Hong  Kong... 

Sept.  9. 

4*.  \d. 

SbanKhal 

1      ■  ■■ 

Sept,  4. 

b8,  IKd. 

Pcnane 



,,,, 

Singapore . .     . 

.... 

Alexandria — 

Sept,  8,  '  Smog. 

97« 

Bank-rate. 

OoneoTa . 


1871. 

1872. 

IMS. 

1874. 

1875. 

'V- 

%^: 

8  p.  c. 

92X. 

3  p.  C. 

2  p.  c. 

92X. 

94;tf. 

B68.  7d 

588. 

«4s.  7d. 

478.  2d. 

48«.  8d. 

9«d. 

9  I^-l«d. 

9d. 

8d. 

•7d. 

Bnglieh  wheat 

Mid.  Upland  cotton    . . 
No.40nitUe¥arnfair  td 

quality Is.  S^d.     U.  8Jid.     l8.     8d.       1b.  O^d.         *llVd. 

Oloaring  House  returE.111,374,000  118,792,000  117,698.000  128,695,000  107.799,000 

•  Prices  Sept.  9. 

The  rates  of  money  at  the  leading  cities  abroad  are  as  follows  : 


IFrom  our  own  correspondent.] 

London,  Saturday,  Sept.  18, 1875. 

We  have  had  a  very  quiet  T»eek  In  almost  every  respect.  There 
has  been  one  failure  for  about  £100,000  in  the  East  Indian  trade, 
and  intelligence  has  been  received  of  numierous  failures  in  New 
York.  The  latter  caused  for  a  time  some  depression  in  the  market 
for  American  securities,  from  which,  however,  there  has  been  a 
pretty  general  recovery.  As  regards  money,  a  sli)?ht  improve- 
ment has  been  apparent ;  but  as  the  supply  of  floating  capital  is 
gtill  very  large,  the  bxnk  rate  remains  at  2  per  cent,  while  in  the 
open  market  the  best  bills  are  taken  at  1|  to  IJ  per  cent.  As  the 
trade  for  the  country  remains  quiet,  it  is  not  anticipated  that  the 
autumnal  demand  for  money  will  assume  any  considerable  pro- 
portions. It  was  thought  at  one  time  that  the  Increased  sums  we 
shall  have  to  pay  for  foreign  wheat  would  have  considerable 
influeuce  upon  the  money  market ;  but  it  now  appears  we  shall 
obtain  what  foreign  grain  we  require  at  moderate  prices.  There 
is  no  doubt  of  the  fact  that  we  shall  require  much  larger  import, 
tations  of  whea',  owing  to  the  deficiency  of  the  English  crop;  but 
in  the  present  abundance  of  money  in  this  country  our  augmented 
payments  of  say  £3,000,000  spread  over  a  twelve  month,  are  not 
calculated  to  have  much  effect.  After  the  long  period  of  repose 
which  we  have  had,  we  are  now  in  hopes  of  having  a  more  general 
employment  for  our  capital ;  but  for  some  time  to  come  at  least, 
capitalists  are  only  likely  to  afford  support  to  enterprise  of  real 
merit  and  undoubted  soundness.  Unfortunately,  the  timid  public 
cannot  yet  be  persuaded  of  the  soundness  of  new  undertakings, 
and  hence  capital  finds  means  of  employment  by  very  slow  degrees. 
The  tendency,  however,  is  in  the  right  direction,  and  this  is  a  step 
in  advance. 

There  has  been  a  moderate  demand  for  money  during  the  week 

and  the  rates  of  discount  have  been  firm  as  follows : 

Percent. 

4monthB'bank  bills 1X®17< 

6  months' bank  bills V/i@>iii 

4  and  6  months'  trade  bills.  2    ®2>i 


Percent.  | 

Bank  rate 2 

Open-market  rates : 

SOandeO days' bills \%'<IMi 

3  months'  bills IHaUi 


The  rates  of  interest  allowed  by  the  Jolnt-BlocK  uanks  and  dis- 
count houses  for  deposits  remain  as  follows  : 

Per  cent 

Jolnt-Btock  banks 1    @,... 

Discount  boascB  at  call 1    @.  .. 

Discount  houses  with 7  days'  notice 1)^(^  ... 

Discount  houses  with  14  days' notice...   „ l>i®.... 

Annexed  is  a  statement  showing  the  present  position  of  the  Bank 

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

the  average  quotation  for  English  wheat,  the  price  of    Middling 

Upland    cotton,    of   No.    40    Mule    yarn    fair    second    qualicj , 

knd   the    Bankers'   Clearing    House   return,  compared  with    the 

four  previous  years  : 

1871. 
Circulation,  including       £ 

bank  post  bills 25,3.'S6.777 

Public  deposits 6,414,841 

Other  deposits 20,441,485 

Government  BecuritieB.  :4.04.S,355 

Other  securities 17,781,240 

Reserve   of  notes  and 

coin ..13,711,115 

Coin    and  bullion  Ir. 

hotli  departments....  23,497,160 


per 
Paris 

Bank  Open 
rate,  market, 
cent,  percent. 

\        1^ 
..         4X 

5          4X 

5  5 
4X      4« 

6  6®3 
4         &X 
Hi     i>i 

BrnsBcls 

Turin,  Florence 

per 
and 

Bank     Open 

rate,  marktt 

cent,  perccr.t 

4X       4X 

UamburK.' 

Berlin 

5          4« 

Leipzig 

5           'in 

5            i% 

Vlennaand Trieste..  . 
Madrid,  Cadiz  and  Bar 

4            4 

New  York 

Calcutta    

....  *Hm>i 

I.lBbon  and  Oporto... 
St.  Petersburg 

Cnpenhagen.  .. 
Constantinople.. 

5            5 
10 

Gold  has  been  in  fair  demand  for  export  to  Holland,  and  in  the 
absence  of  importations,  a  few  small  parcels  have  been  taken  out 
of  the  Bank.  Silver  is  firm,  and  late  rates  have  been  fully  sup- 
ported.    Annexed  are  the  quotations  : 

«OLD. 

BarGold per  oz.  standard. 

Bar  Gold,  flne per  oz.  standard. 

Bar  Gold.  reBnahle p«r  oz.  standard . 

Spanish  Doubloons per  oz. 

South  American  DoubloouB peroz. 

United Sta^.esGoldt!"'" peroz. 

8ILVSR. 

Bar  Silver,  Fine per  oz.  standard. 

Bar  Silver,  containing  5  grs.  Gold. per  or.  siandard, 

Mexican  Dollars per  oz.,  Ian  price 

Spanish  Dollars  (Carolns) ,per  oz.  none  here 

Five  Franc  Pieces peroz. 


1872. 

1873. 

1874. 

1875. 

£ 

•      & 

.£ 

£ 

26.043,403 

26,043,689 

J6,C37.756 

88..3n.l96 

8,700,106 

7,.3.W.301 

5,04.1.81.') 

5.105,632 

2U,1S1,920 

22,(  57,0.W 

18,!lOi,li07 

23,055, l^^ 

13,323,111 

1.3.210,168 

I3..V«,.T7« 

13.553.140 

23,024,6b7 

21,673,24!) 

16,!I8:J,031 

18,074.3'23 

11,351,447 

13.346.843 

12,«1,550 

15,144,62* 

82,137,211! 

23,912,623 

33,364,615 

28,086,743 

8. 

d.       8.  d 

77 

9)4®  ... 

77 

iiJi®  .... 

77  ii?ia  .... 

.     @  .... 

.    ®  ... 

76 

3X®76    4 

s.    d 

8.    d. 

56X 

® 

57  ; 

-16^  .... 

55X 

& 

& 


The  periodical  sale  of  bills  on  India  was  he'd  at  the  Bank  of 
England  on  Wednesday.  £446,500  was  allotted  to  Calcutta, 
£184,200  to  Bombay,  and  £11,000  to  Madras.  Tenders  at  Us.  Sid. 
the  rupee  on  all  Presidencies  were  entertained  in  fall.  This  result 
shows  a  slightly  increased  demand  for  the  means  of  remittance  to 
the  East. 

On  the  Stock  Exchange,  business  has  been  rather  quiet.  British 
railway  shares  were  very  firm  in  the  early  part  of  the  week,  the 
traffic  receipts  of  the  London  &  Brighton  and  South  Eastern 
undertakings  being  very  favorable  ;  but  the  returns  of  lines  in  the 
manufacturing  districts  being  disappointing,  the  tone  of  the  mar- 
ket has  since  been  dull.  American  Government  and  railroad  bonds 
were  affected  in  the  early  pan  of  the  week  by  the  failure  of  Messrs- 
Scliuchardt  &  Co.,  and  l>y  the  iecline  in  the  New  York  Exchange 
to  4.81.  The  reduction,  however,  which  took  place  attracted  some 
influential  buyers,  and  the  recovery  in  prices  has  been  almost 
complete. 

Annexed  is  a  summary  of  agricultural  returns  of  Great  Britain 
for  1875  : 

BXTBNT  OP  LAND  IN  GKEAT  BEITAIN  UNDER 


Wheat. 

Acres. 

8,490.380 

3.6.30,300 

3,342.388 

1875over'74|J*'«:i 

tl47,992 
or  4  "2  p,  c. 


18T3. 
18-4. 
1875. 


1875  over  '73  ■ 


Barley. 

Acres. 

2,.335,!tl3 

2,287,987 

2,  f  09. 698 

*221,611 

or  9-7  p.  c. 

•173,685 

or  7  4  p.  c. 


Oats. 

Acrca. 

2,676.227 

2,596.384 

2,li64,048 

♦67,664 

or  2-6  p.  c. 

712,179 

or  0*5  p.  c. 


Potatoes. 

Acres. 

514.6^2 

520,430 

622,634 

•2,204 

or  04  p.  c. 

•7,952 

or  V5  p.  c. 


Hops- 
Acres. 
«3.-»8 
65,805 
69,203 
•3,393 

or  5-2  p.  c. 
•5,925 

or  9-4  p.  c. 


TOTAL  NnMBEB  OP  LIVE  STOCK  IN  GREAT  BRITAIN  TIPON  26TH  JTOB. 


1873 

1874 

1875 

1875  over  1874.  . 
1875  over  1878. . . 


Cattle. 

No. 

5.964.549 

6,125.491 

6,012,605 

-1-112,886  or  1.8  p.  c 

•48,056  or  0-8  p.  c. 


Sheep. 

No. 
29,427,685 
30,313,911 
29.165.278 
tl.148,663  or  3-8  p.  c, 


Pigs. 
No 
2,500,259 
2;422,a3-J 
2,229,870 
■H92,96S  or  8'0  p,c. 


7262,351  or  09  p.c.  7270,389  or  lOS  p.c. 


•  Increase.    +  Decrease. 

The  above  figures  confirm  what  has  all  along  been  stated  with 
regard  to  the  quantity  of  land  under  wheat  cultivation.  In  con- 
sequence of  the  heavy  fall  in  the  price  of  wheat  last  autumn, 
nearly  288,000  acres  of  land  have  been  planted  with  other  grain, 
chiefly  barley.  This  will  represent,  at  3  quarters  to  the  acre, 
864,000  quarters,  or  at.  4  quarters,  which  is  considered  to  be  an 
average  crop,  1,1.52,000  quarters.  Present  experience  points  to  the 
fact  that  the  yield  of  wheat  is  about  1  quarter  per  acre  les.'i  than 
last  year,  so  that  at  that  rate  of  calculation,  there  is  a  falling  off 
in  the  production  of  wheat  this  year,  compared  with  1874,  of 
rather  more  than  4,000,000  quarters.  Even  last  year's  abundant 
crop  of  wheat  compelled  us  to  import  largely,  and  consequently 
foreigners  may  expect  to  find  a  ready  market  for  their  produce 
this  season.  Fortunately  for  this  country,  we  have  no  competitors 
in  the  foreign  markets,  and  hence  wa  hope  to  obtain  our  foreign 
supplies  on  moderate  terms. 

Annexed  ia  a  return  showing  the  imports  and  exports  of  grain 
and  4our  into  and  from  the  United  Kingdom  during  the  first  two 
weeks  of  the.yreBen|,and  the  Meowing  three  seasons : 


Ootober  2,  1876.] 


THE  chuoniclr 


315 


Wfeaat 

....nrt. 

BmIv „.... 

Otu 

Pau 

■haaa      i   i 

!»f<fnaQn 

ffUw.. 

Wimx 

Bui,r 

0«U....^ 

....ewu 

Bwoa 

^ 

ladUaOon 

VliMr 

1075. 

mi. 

197a. 

1870. 

s,at7.»n 

3.u«0,lM 

1,«  S,»15 

l,Ma.«IS 

*t&.0ltt 

tOH.OW 

Ki.Ma 

Mi.*n 

Siii,:m 

4<i,«» 

Sl'.Wi 

480,161 

«^5M 

4il,4T« 

8».415 

&l.t>&l 

U6  1M 

7!,«»S 

1C*,«|0 

17I.SIM 

I,M0.»10 

1,W,MI 

].»4.*M 

1,410  *M 

MMU 

Ul.ill 

imjet 

uiMi 

azposn. 

s,e3ft 

MH 

tn.im 

1S,4SS 

BDl 

ai6 

881 

4« 

ttM 

T» 

'.■n 

l.SU 

4M 

Mai 

tie 

36 

t4M 

.... 

on 

8.MI 

10.J70 

SM 

l.(W 

3.«10 

1S.W7 

Ml 

The  (oUowinfr  io  aaiatament  ul  the  exports (exclosiTe  ot  specie) 
from  the  port  of  New  Vork  to  foreign  ports,  for  the  week  endJng 
September  28 : 

■zroBTc  nan  hbw  tobk  fob  tbb  wsbk. 

1S7*. 

Forthaweak MSon.Jl} 

Piavloatlrraported....      l«1.7i)<>.i>B0 


1878. 
|8,49l,9il 


1874. 

ti.fis.n9 

2U,7U,74S 


BaslUk  MarKei  Keporl*— Per  C«kla. 

ThednlljraloolagqaoUtieBoiiitbeinmrketsof  I.oa<l'>n  and  Liver- 
pool  lor  the  paat  week  hare  been  reported  ftj  cable,  as  shown  in 
the  following  sanunarj : 

L0»d»m  M0Htjf  »nd  Stock  Market. — American  secnrities  have 
deelloed  from  last  Pridajr'a  prices. 

The  ballion  in  the  Buikk  oi  England  haa  deereaaed  £140,000 
dwiBK  the  week. 

Moo.       TBae.      Wad.       Tkar.        Fn. 
M  l-IA    M  lS-»    H  11-lS    n  U-M  M  l»-M 
M  I-l«    M  U-U    M  ll-M    M  U-M  »  IVll 
USV        UMV         loss         VMS         IU«V 

in«     KTv       10)  K       lorjT       lOTM 

MS  !04V         104V         104K         IMX 

K»  IMX         miS         UMJk         104X 

Tb>    qu'rtvtiou    (or   Onltad   8utao  new  firea  at   Frankfort 


Rat. 

OeaaoUforaoaey HH 

sccoaat.         MV 
O.B.te(S-MiOUK.  ouliooi? 

U4T 107^ 

0.  SwU-Ma 1« 

■aw  la...... 1« 


C.a^aawlTa* f»%      »x        ns         W.S'  

£sa«r9a«<  (Mto»  Jfisr/M.— See  speelal  report  of  eottoa. 

U—rpoal  BrtadMuJt    Mirkyt.—ThiB    market    ckiaea   atronf- 
Com  is  3d.  lower  than  last  Fna>r,  while  wheal  is  higher. 


ftow(Waaian>.... 
WkaattRad  W*a.  aprl.a  exi 

(>s4WlMarf  ...    ••     0  M 


a  4. 

.*kM  04    0 
l.yetl    i   6 


"  iCsL  WklM  £lab)  "  10  10 
Oorafw.  nliad)  ■  <|aartar  M  0 
PaaMasaa4Ua)..*aaartar4I    0 


Hon. 
«.  d. 
SI    0 

1  » 
1  in 
I'J  to 
rt  0 
<i   a 


Taaa. 
a.   4. 

•«  0 
•  • 
0  IO 
II  0 
M    • 

«i  a 


Wad. 
s.  d. 

M  a 
■  « 

0  M 

II  0 

M  • 

41  0 


Thar, 
a.   d. 
M    0 
S    < 

0  w 
II  a 
w  t 

u  0 


Frl. 
a.  4. 
N     0 

■     » 

10  0 

11  4 
M  0 
41     0 


1875. 
t4.1U0,SM 
181,»0«,J01 

Since  Jaa.l tl«>6,6i6,8!e     Slli,168.iJ!i     t«n,^2,SOI     tlS6,00},496 

The  foUowinif  will  show  the  exports  ol  specie  from  the  port  of 
New  York  for  the  week  ending  Sept.  33,  187S,  and  since  the 
beginning  ot  the  year,  with  a  eomparlson  tor  the  corresponding 
date  in  proTiooa  reara: 


Sept.  t3 — Str.  PommatanU London... 

Psrta 


....SlWer  har» tlST.Ono 

8llTpr  ban 8a.600 

Forvlen  •llTcrcoln.  0  800 

Sap*.  M— Str.  CaIHe    Llmpool Sllrar  IMra SS,S06 

Sept.  OS— Str.  Cuondelat Aax  Cajea Amrr.  koM  o<ia t,M)0 

Hajrii Amer.  Kold  Culn.  ..  1,t:9 

bara 


UwtrpMl  ProuittoMM  Marlut—l'otk  aad 
fmat  tlM  qwotallooo  ot  a  w»ek  a7<>,  while 
higher. 


laid  have  falUo  off 


aat.      Moa.      Taas.      Wad.      Aar.        Fri 
_    .                                         a  4.       •.    d.      a.  4.       a.   4.       a.  d.       a.  4 

Baeffaaea)  sew  flee «I0       000      MO       «a       sao       04 

Piark(Maas)a«*akW...       na       77«      TTO       Tta       '.Oa       n 
■aeoa  (loao  d.  iar4.)V  «wt    Ho       MO      MO       M«       MO       M 
Ur4  (Aacrteaal  ...     ••        na       too      M«       wa       Mo       M 
CHiiaifAaar'a  laM   ■•        UOsietiaMOMa       64 

! 

UtrptM  ProdMM  jrarisl.-KeBDod  paboUwn.  has  gained  ii 
daring  th«  weak.                                                                      ; 

I- 

■at.     u<M.    tms.     Wa4.    rau.     rn 
__                                        ad.      a.  d.       s.  4.       a.  4.      a.  4.      a  < 
■ostafeoawM)...  vcwt..   to       so       sa        sa        la       s 
_"    (psto MO     14  0      Ma      Ma      Me      u 

g-::«A45SS:..,.ir«'?*  47':"  ^r  at'v  ^'v  jr- 

iotrt**  taiMMlae...!'.    "MO      »0      5a       MB       Ma       M 

• 
I. 

0 
0 

\ 

a 
1 

UnM0i»  Fndnei  and  OU  V<ir»«f<.— Unoaed.  llnoeMl  cake  aa 

d 

Maoood  oil  ara  lower  than  on  Friday  last. 

•at.        Voa.       Tim.       Va«.       Thar.        Fri. 
*  •   d-  <   •-  d.   «  a.  4.     «  a.  4.    <   a    4.   <   *.   • 

LlBa'<lc-k»(<)hh  vtcio  IS    0  M  !0    n    |o  :0    0    »  M    a    10  ta    a    la  M 
UaaaxlC'alcittai.           MOiJO         «10         4aO         «a          « 
•a«Br(.fo.UDctnU) 
MiapM.«c«i.. ..    Ma      n«Mo      na       tio       n 

•<ier«oll  ....•UD  »l    00Ma»OtO0O100O«OS»4O 

W*»>«o«l "    MOO    MOOO4OS0IO0    DOOMS 

Uaa««4on    .  » '^       ri    i         04    •       *•    «         «    o         II    0         04 

1. 

a 
a 

a 

0 
0 

a 

(Sommciiial  aiib  iHisccUmuoua  News 

luroara  axo  RxroRTO  ruH  tiib  Wssk.— The  Imporu  tijia 
*aak  ahow  as  ineraaaa  in  both  drr  (r<>n<1a  anri  ,>«nj.ral  mer- 
akaadlsa.    Tbe  total  Imports  aia<<  •   week, 

a«talDat#S.7«i,4M  laat  weok.  and  |  ,a  week. 

Tha  oxporu  are  fl.tOO;^!  this  "  >;.>;dOJ!39  laat 

weak  aad  $3^MI33^  tlie  urttriooa  <•  ,'<jna  ot  aottoa 

JJ»a  P«»t  week  were  7,740  balea,  BRainat  .-,,■•  i  r>«iea  last  wM<k. 
Thalollowinararethalmports  at  Now  Vork  lor  we«k  onoinirdor 
dry  goods)  8«pt.  33.  and  lor  the  weak  aading  (for  general  mer> 
ehaadlaal  SeiM.  %\ : 


Drj  nil. .#....., 

Oaaaral  sMrdwadlM 

Tatal  fe*  laa  waak.. 
fVafloaal/  lapeitad.... 


larMTB  AT  aaw  toac  *oa  ras  wasa. 

im.  u7«.  int. 

..    •i,Mk«7i      ta.ai;.nt 
isas.^M        7<4at.7M 


Sept.  tS— Str.  City  of  MoBtKal..Llvan>ool. 


.SllT 


13:100 


Toul  for  tbe  weak <K0.84S 

Prerioiulr  r«panad n,7M.5TI 

Total  atacaJanasrr  1.1975 .  ..    t«i,mt,9n 

Same  Una  in—  t     Same  time  In— 

1874 ««\13^n8ll9m •H.«S),«40 

H78 4t.«fr:.W8  I IM.  6«,('«,414 

in« 6T.r;4 JUS  I  nJr ««,:5i,8i» 

1971 &5.-0).10tittM. M,(W1,498 

UTO. 49,ao.OTll 

The  imports  of  apaaie  at  this  port  daring  the  past  week  have 
booaasfollows: 

8apt.t0    Sir.  M'rrlouck St. Thonua Ooldeotn ...  $9,SM 

B«pt  a>— Str.  Suia... Klninton O -Id  com 750 

SepCtl— aU.  CU/ori(arlda....naraiui Mllvcr  coin ia.«lii 

Oodcln »,W3 

Srpt.  M-«lr.  Celtic Llrerpool Slln-rooln 000 

Gold  cola  000 

Sept.  04— Sir.  nraaosai  CUj Ilanna Gold  cola 4t,M0 

Sept.  to— Sir.  Nsckar .Braaian Qoldcoia UO.ns 

Total  for  the  weak  MU.4«1 

PrsTloaalr  rsportMl „ 8.7M^4 


Total  alaca  ^aa.  1, 1873... 
lis 


Saiaa  tins  la— 
18» .. 


.  t«,01ii,MS 
,     ^TTt,969 


IS74 -• »4.TR(l,IS7 

im MBVOI 

un t.wi.tM 

tni..  . 7.U4,»U1 

NATiOifAi,  Tai^aaRT. — The  tollowing  forms  present  a  anm- 
oiar*  ai certain  weekly  trantactions  at  the  National  Treasury. 
l.-^-Seaarltiea  held  by  tlie  U.S.  Treasurer  In  trust  tor  National 

Baaasand  balaao  in  theTraaaarr 

Coin  eer 
>-Bal.  In  Traaanrv         ''"'ntae 
Coin.      Corr  it's 

o(,7ai,sia    t.o.  .100 

«.'m,io9    roi... ,,..;. Wo 

r^.'iM.IOt     l,lli&,M7    U,4«ft,u0o 


|a,07i>u 
•M.ai^iao 


•M;M4<4M         rif»*fi»* 

iBi,i«a.*M      Ma.M7.iia 


lOTS. 

•o.tr:.e.v 
bi.asi.w. 


lJaa.1....     .     |3H,0n.7M     UnjlUTa       tlM.*«>,S07     t«4r.9H.W 

la  oar  report  ot  tbedry  ^oods  trade  will  1m  looad  the  lmporta«f 
dry  gaadaior  oaa  waak  latar. 


For         For  V.  8. 
aadlas    mrealatlaa.  Demalla.       Total. 

Sep4.i:.  >7*,niLMa   iii,7m,ooo  «ii;4,sn 

Sept.  lit..  t7S,l)rT,7«t    KTHI-tOO    »L»W,'«i 
Sapt.tS..  i:«,uo,T«t  i8.:o^ioo  no,Mi,Mi 

9. — National  bank  carraney  tn  elreulatlon ;  fractional  currency 
raeaivad  from  tha  Curronoy  Boraau  by  C7.  8.  Treasurer,  and  dio- 
trlbalad  weekly  ;  also  the  amount  ot  leiral  tenders  distributed : 
Week  Notes  Id  ^FractloBsl  Cnrrrnrjr.-.  Lfc.Tea. 
aa4la«  OlmUttoo.  RacelTed.  DIatribatod.  DIatrfb'd 
•a9t.11 Kr.HO.ono        »4»i.«»5 

SaFLM •♦!.»7»,4»         f  t.MI,180^ 

saycn „ Mi.Tto,ni       '  asLooo       i.im.hs 

OBllferala  Pariie.— Hegntiatlono  ar«  oa  toot  betwoaa  the 
iMldaracf  the  Extenaloo  Ri>D<la  of  this  company  and  the  preafnt 
at  tha  aompany,  which  fepraseal  sereial  ot  the  large 
'  k  Iha  (Vniral  PaellU  Conpany.  The  committee 
iliav  tka  Qenosn  iModboldera  tiAv«  seoaptad  tha  terms 
or<wo4  bf  tba  tailroad  compaoy— rl/  ange  $3..i0O,0UO  ot 

the  atd   beads,  with   the  aapaid   ii>  ;.-oa,  ain'Mintiac  to 

oTair  HOOjMO.  t»r  a  oa w  ksaoa  of  fa.OU<J,UD J  hi  x  par  <  i  h  of 

tba  QaUiaaaU  Paeilo  Ooaspaay.  ranaiag  thirty  y<  :  'i\j 

I.  I97S,  pa^iaaat  of  whieh  la  gnarantaad  by  tlio  Ct. ,....,  .  .tuflc 
lUilroad  tiaaipany.  TMa  aatioa  ot  the  eommittea  lequlres  the 
approval  of  the  b>>odhold«ra  baforo  it  ran  be  acted  on.  Although 
the  bondhol'Irra  had  iraiord  a  doeiaioo  in  lUnlr  tavor  in  tlte  Slate 
Court  ot  California,  tWrlr  ouaiH-l  wrre  n"t  «a(l«Bed  to  await  thn 
decialoo  of  th«  em»-  by  the  V.^*  ■    ■  aii4  <lot«rmin<d  to 

accept  tbe  original  offer  In  I"  innta;  it    is  aoder- 

slnod  00  the  ground  that  the  ••i^-.i^  "i  i. 'ii<la  wrre  mada  mort- 
umgr*  nn  a  road  which  waa  never  built,  and  it  t*a«  <:oubttal  if 
th»r  cf>nstlttiled  any  lien  apooaay  portionVf  thernnstructad  road. 
Til-  r<-w  boads  to  tie  Issued  aa<lrr  th«  pMi^wal  will  be  the  pqaiv- 
airot  of  third  mortgage  l>oada.  Tbe  dnalinca  appear  not  to  hare 
JM4i».antha  basis  of  so  mneh  for  earh  bond,  but  with  a  symllcata 
tor  the  whola  limn  and  hack  int'reat.  'I'ii-  road  will  nnw  be 
oparalad  as  part  of  the  Cnntral  ParilioC4>mpiiiir'n  nyateni  of  lines  ; 
■ad  alr<^y  men  ar«  at  work  batlillni;  an  •>xt<-ciii'>n  on  th»  west 
side  ol  tha  Sacraroetito,  from  Woodland  Station  to  Trhainaon  the 
Ompia  liiaauli.  80  milea.  The  mad  will  undnubtMlly  lie  ke^t  In 
liattaT  Ofdar  and  do  a  payinir  boaineas  hnrt^fier,  though  the 
MarrsTltle  ronneetlon,  which  the  extension  bomla  wer«  issued  to 
build  and  proloni;,  will  be  abandoned,  as  it  is  subject  to  overflow 
in  seasons  of  h^gh  water. 

Earopeaa  A  North  .\mprlran  Ralliray.— We  have  obtiilned 
the  following  complete  stat<>meat  of  tin-  outotsnding  bonds  ot 
tbe  Consolidated  European  k  North  American  Railway  Company: 

nm.— 

A»  laaoa  at  UtOJK)n  ol  t  par  eaat  nirraner  biTioa  wa*  aatborltad. 

Tbaaa  bonas  bear  data  <«  oicaat  1.  Un,  pa;ai  In   in  ai  jrearn  fMiin 

dale.  Ao^at  1.   lA^    Cuupooa  paid  at  uSci:  ot  the  coin^iao/, 

BtiJ  T.  Jl  ilnr 

Uf  uu««  hnnd>  tiCi  iiOii  i<avc  bam  called  la  snd  caaeellFd  and 
ratarard  to  the  (.  Ut  i  riaaorar  ot  itanjpir.  oa  par  hla  reoelpla,  aad 
111.000  ara  oaralaixllne,  tbe  cnupona  barlag  beea  paid  tagnWlr  op 
•o  aad  inrladlng  AukbiI  1,  Xfti. 


9190,000 


316 


THE   CHRONICLR 


[October  2,  1876. 


An  isfne  of  the  City  of  Bansor  to  the  E.  A  N.  A.  RR.  of  $1,000,000 
city  t)  per  cent  currency  bonds,  dated  Jdimary  1,  18t)n,  paynhle  i^ 

Jeure  iT' m  d.tte— lanuary  1.  :89i.    Bondtt  il,0(i0  each.    Coupons 
ail.  and  July,  paya  -H  in  Boston.    Secured  by  flr^t  mortta^^e  on 

road  from  Bangor  to  Winn,  56  mtlea (1,000,000 

The»ebond^  arcall  sold,  and  ibe  whole  isene  oatatanding.    Cou* 

pon>«  paid  by  the  railway  company  to  and  including  Jan.  1,  1875. 
Third. - 

An  Is^ue  by  the  railway  company  of  $2,000,000  6  per  cent  gold 
bondB.  principal  and  iutt'rest,  dated  March  1.  1669,  and  due  March 
1,  188J.  Couijons  payable  in  New  YorK.  March  I  and  September  1, 
and  have  been  paid  up  to  and  iucluillng  March  i.  1975.  B>mds 
$1,000  each.  Secured  by  first  m'lrtijagu  on  lands  ^ran.ed  to  the 
compai>y  liy  the  **tate  of  Maine  ;  a  flret  mortgage  on  ratlway  from 
Winn  to  the  St.  Croix  River,  ab  >at  58  miles,  una  liy  a  Mcond  mort- 
gage on  the  railway  from  Bangor  to  Winn,  nbout  53  mil  s 1,000,000 

$1,981000  of  t'leee  bonds  have  been  diapoaed  of,  and  $14,000  are 

unsold  bnt  pledged  at  the  Baogor  Savings  Bank  as  collateral  for 

loans 
fimrth.— 

Ab  issue  by  the  New  Rrunswtcic  Cnmpany  of  £ttl,090  (or  $3,000,000) 
of  6  per  cent  bonds  gold,  principal  and  interest,  dated  Juiy  1, 
1867,  paraiile  July  1,  189'— ao  years.  Coupons  payabe  Jan.  and 
July,  and  have  be'  n  paid,  on  all  nonds  sold,  to  i  nd  including  Jan. 
1,  1875.    Bonis  £i  m  each.    Secured  by  a  first  moriga^-e  on  the 

entire  line  of  railway  in  N  w  Brunswick,  about  88  mMea 2,000,000 

Sold  and  ontstauding  Smi.iOO  (about  $1,760,000).    Unsold  but 

pledi;t'd  as  security  lur  loans  in  London,  £49,4»0($2t0,00u). 
Fifth.- 

On  the  5th  of  December,  1872,  after  consolidation  with  the  New 
Brunswick  Company,  an  issue  of  $6.00  \1300  f.ir  the  purposes 
named  in  article  nine  of  the  consolidatioa  agreement  was  au  hor- 
Ized.  $5.0i)0,0  0  of  this  issue  were  to  be  set  apart  and  used 
only  for  the  redemption  and  payment  of  the  $5,0U0,000  of  fir-t 
mortsairo  bonds  upon  the  consulid^ied  railway  ;  viz.  :  $.3,000,000 
In  Maine,  and  $2,000  0)0  in  New  Brunswick.  The  other  $l,(i00,i  OO 
were  to  he  used  to  pay  debts,  purchasi^  rolling  stock.  &c.  Under 
this  authority  $1,500,000  of  these  consol  dated  boni  s  were  printed, 
anil  $1.000,00i)  only  wure  appro  ed  and  signed  by  the  truilees  and 
dnl,v  prepared  for  use-  Thet-e  bonds  are  b  per  cunt  go{d,  principal 
and  interest,  payable  in  forty  y.iars  from  May  1,  18:.^;  due  Mny  1, 
ItfH.  Coupons  pay  ible  May  I  and  Nov.  1  in  New  York.  Secured 
by  a  mortgage  upon  the  entire  line  of  railway  from  Bangor  to  St. 
John.  N.  B.,  and  also  a  second  mortgage  upon  the  lauds  granted 

by  th    State  of  Maine  to  the  H.  &  N.  A  RR  Co  1,000,000 

Of  these  bonds  there  has  been  sola  only  $6,000.    The  remainder 

$994,()00  are  pledged  as  collateral  for  loans  of  money  to  the  company, 

BANGOR   AND   PISCATAQUIB. 

Statement  of  the  outstaadiog  bonds. 
Firit.— 

An  ifsueby  the  City  of  Bangor  to  the  said  company  of  $600,000 
city  6'8.  currency,  thirty  year  bonds  dated  April  1, 1869,  due  April 
1,1899.  Coupons  piyiible  April  1  and  Oct.  1  in  Boston.  Secured 
by  first  mortgage  on  entire  line  of  railway,  65  miles.  Coup ms 
paid  to  and  including  Aprill,  1875.  Bonds  $1,000  and  $500  each..  $600,000 
Second.— 

An  issue  by  the  City  of  Bant^or  to  the  said  company  of  $123,000  7 
per  cent  currency  bonds,  dated  October  1.  1871,  payable  April  1, 
1899.  Coupons  April  and  Oct.,  payable  in  Boston.  Secured  by 
first  mortgage  of  entire  line  of  niilway,  56  mile  .    Coupons  paid 

to  and  including  Aprill,  1875.    Bonds  $500  and  $1,000  e»ch 122,000 

Third.— 

An  issue  by  the  City  of  Bangor  to  (he  said  company  of  $92,000  7  pT 
cent  currency  bonds,  dated  Dec.   1,   1874,  payable  Ai.rii   1,  1899. 

•  Coupons  April  1  and  Oct.  1,  payable  in  Boston.  Secured  same  as 
the  above.    Bonds  $1, '.00  each.    Coupons  paid  to  and  including 

Aprill,  1875 92,000 

Ail  the  foregoing  bonds  have  been  sold  and  are  outstanding.  

Total  issues  sold  and  outstanding $814,000 

I'ourth.— 

An  issue  by  said  company  of  $200,000  7  per  cent  bonds,  gold,  prin- 
cipal and  interest,  dated  Feb.  1,  1871,  payable  Feb.  1,  18.^9.  Con- 
po  8  Feb.  1  and  Aug.  1.    (Interesi  paid  on  this  loan  to  Sept.  23, 

1875.; 200,000 

None  of  these  bonds  sold,  but  all  pledged  at  the  Bangor  Savings 

Bank  as  cnl'ateral  security  for  a  loan  of  $100,000.  

Total  issue,  eold  and  unsold    $1,014,000 

Stockton  &  Copperopolis.— The  DeKotiationa  between  the 
Stockton  &  Copperopolis  bondholders  and  the  lessors  of  the  road, 
the  Central  Pacific  Railroad  Company,  have  been  completed,  and 
the  exchange  of  $1,000,000  old  securities  for  |500,000  new  ones 
made.  The  terms  of  the  agreement  were,  thai  the  bondboldera 
should  surrender  two  of  the  old  eight  per  cent.  Stockton  &  Cop- 
peropolis bonds  for  one  new  bond  of  the  same  company,  bearing 
six  ptr  cent.,  payment  of  which  is  guaranteed  by  the  Central 
Pacific  Company.  The  past-due  coupons  are  to  be  redeemed  on 
the  same  terms — that  is,  eaqh  coupon  of  f40  will  be  paid  by  $15. 
The  priorities  of  liens  are  maintained  as  before. 

Union  Pacific. — The  Government  directors  of  the  Union 
Pacific  Kiilroad  have  filed  their  annual  report  for  the  year 
ending  July  1,  1875.  Tiie  (rross  receipts  were  $11,523,031,  an 
increase  over  1874  ot  $l,375,:i(i9,  and  the  increase  of  net  earnings 
in  the  same  time  was  $1,576,424.  The  operating  expenses  were 
$4,788,630.  There  have  lieeu  added  to  the  roadbed  in  sliape  of 
iron,  bridges,  depots,  hotels,  shops,  &c.,  costing  $309,105,  and 
rolling  stock  costing  $275,930,  which  were  charged  to  tbe  con- 
struction Bccount.  Ten  hundred  and  fifteen  tons  of  steel  and 
4,640  tons  of  iron  rails  have  been  laid  down.  A  rolling  mill  has 
been  built  by  the  company  at  Laramie  and  put  in  operation, 
reducing  the  cost  of  re-rolling  their  rails  nearly  one-half.  New 
ties  are  being  furnished  the  company  at  50c.  each  for  red  pine 
and  80c.  for  oak.  It  costs  them  to  mine  coal  and  put  it  on  the 
cars  $1  99  per  ton,  the  production  of  the  company's  mines  last 
year  being  185,681  tons.  The  cattle  shipped  over  tUe  road  from 
Cheyenne  and  other  points  eastward  were  581  car-loiids,  against 
283  in  1874.  The  directors  recommend  an  adjustment  of  all  the 
Government  claims  on  the  company  by  the  payment  of  a  fixed 
gum  per  year,  but  do  not  name  any  sum  which  would  be  a  proper 
amount. 

Result  op  Centuries  op  Culture.— The  successive  editions  of 
Webster's  Unabridged  are  as  perennial  in  interest  as  in  value. 
Each  succesHive  repriet  finds  the  work  of  our  great  lexicographer 
still  unrivaled  among  Englisb  dictionaries.  In  each  republication 
we  likewise  find  a  mirrur  of  the  scientific  progress  of  tbe  age,  a 
sleepless  vigilance  which  nothing  excapes,  to  catch  every  new 
shade  of  verbal  significance,  and  to  retain  for  our  nnapproached 
etandaid  of  language,  that  freshneis  which  preserves  it  from  «ve 


becoming  old.  In  the  1 ,840  pages  before  os  there  are  compressed 
tbe  results  of  centuries  of  culture,  and  the  sum  of  tbd  intellectual 
contributions  of  some  ot  the  greatest  minds  of  the  race.  Whether 
regarded  as  a  whole,  or  in  detail,  the  book  ia  equally  marvelous. 
Its  illustrations  are  copious,  appropriate  and  carefully  executed. 
The  matter  in  the  appendix  is  of  a  character  indispensable  for 
reference  to  all  who  read,  and  to  all  who  write  with  serious  pur- 
pose. The  book  is  in  short,  one  which  neither  school  nor  study, 
library  or  office,  ought  to  be  without. — A'*!*  York  Times. 

— The  Central  Safe  Deposit  Company  has  just  opened  for  busi- 
ness in  the  vaults  of  the  Masonic  Tetnple,  on  Twenty-third  street 
and  Sixth  avenue.  This  company  offers  great  advantages  in  well 
constructed  and  thoroughly  fire  proof  buildings.  No  establish- 
ment up  town  can  compare  with  it.  The  vaults  have  been  fitted 
up  with  elegance,  special  provision  is  made  for  the  convenience  of 
ladies  who  may  wish  to  deposit  jewelry,  silver,  or  bonds,  and  every 
arrangement  is  made  to  necure  general  satisfaction  and  absolute 
safety.  The  company  has  no  connection  with  the  Masonic  organ- 
izatiou  sa>re  in  being  tenants  of  the  Temple.  It  embraces  a  largo 
number  of  the  best  business  men  in  the  city,  and  is  under  tlie 
presidency  of  Ellwood  K.  Thome,  a  gentleman  whose  fcrupulouB 
integrity  and  business  habits  are  the  best  guarantee  of  its  success. 

— The  firm  of  Edward  M.  Wright  &  Co.  announce  their  disso- 
lution on  the  Ist  instant,  and  the  withdrawal  of  Gouverneur 
Mjrris,  Jr.  The  remaining  partners,  Mr.  Elward  M.  VVrigiit 
and  Mr.  John  B.  Daer,  have  associated  with  themselves  Mr. 
Augustus  L.  Kichards,  a  son  of  one  of  our  old  merchants  and  for 
many  years  connected  with  the  house  of  Fabbri  &  Cliauncey. 
Tbe  new  firm  will  confine  themselves  strictly  to  a  commission 
business,  and  will  continue  at  No.  39  Broad  street,  the  partner- 
ship style  being  Wright,  Hichards  &  C  >.  We  are  informed  that 
Mr.  Richards  brings  a  large  additional  capital  to  the  established 
strength  of  the  old  house,  and  an  enviable  inercaDtile  reputation. 

— Among  the  old  and  well  known  fire  insurance  companies 
doing  business  in  New  York  is  the  Phenix  of  Brooklyn.  This 
company  has  accumulated  assets  to  the  amount  of  $2,333,493  and 
a  capital  of  $1,000,000,  and  has  stood  the  test  of  the  Boston  and 
("hicago  fires  without  flinching.  They  paid  losses  of  nearly  one 
million  dollars,  and  never  passed  a  dividend  nor  assessed  their 
stockholders.  They  are  making  a  specialty  of  insuring  cotton  in 
store  or  in  transit  at  the  best  rates  of  sound  companies. 

— The  annual  meeting  of  the  stockholders  of  the  Hannibal  & 
St.  Joseph  Railroad  company  will  be  held  at  the  office  of  the 
company  in  the  city  of  Hannibal,  Missouri,  ou  Monday,  Nov.  1, 
next.  There  will  be  an  election  for  three  directors,  tor  the  term 
expiring  on  the  first  Monday  in  November,  1878,  and  tbe  tran-ac- 
tion  of  such  business  as  may  come  before  the  meeting.  The 
tranfer  books  close  on  Saturday,  Sept.  35,  and  re-open  Friday, 
November  5. 

— Among  the  important  articles  in  volume  thirteen  of  "  Apple- 
tons'  American  Cyclopsedia,"  which  is  just  ready,  are  the  titles — 
Palestine,  Paris,  Park,  Paper,  Partnership,  Patents,  Pauperism, 
Pennsylvania,  Philadelphia,  Persia,  Peru,  Petroleum,  Philosophy, 
Physiology, Piitsbu rgh,  Poland, Political  Economy,  Pope.Portugal , 
Presbyterianism,  Printing. 

— Mr.  E.  D.  Worcester,  Treasurer  of  the  Lake  Shore  &  Michigan 
Southern  Railroad  Compacy,  gives  mtice  in  our  to-day's  issue 
that  hereafter  all  coupons  of  bonds,  payable  by  the  Company, 
will  be  paid  at  the  office  of  Messrs.  Chase  &  Atkins,  No.  18  Broad 
street.  Registered  interest  will  be  paid  at  the  Union  Trust  Com- 
pany, as  heretofore. 

— The  Philadelphia  &  Reading  Railroad  CJompany  gives  notice 
that  it  will  pay  the  regular  quarterly  dividend  of  3^  per  cent  on 
and  after  Oct.  29,  at  the  office.  No.  237  South  Fourth  street,  Phila- 
delphia.    Transfer  books  close  Oct.  5,  and  re-open  Oct.  18. 

— The  Central  Pacific  (San  Joaquin  branch)  coupons  are  adver- 
tised to  be  paid  Oct.  1,  at  Kisk  &  Hatch's.  The  Central  Picific 
Land  Bond  coupons,  duo  Oct.  1,  will  be  paid  at  the  New  York 
office  of  the  company, 

— The  October  coupons  of  the  first  mortgage  bonds  of  the  South  • 
em  Pacific  Railroad  Company  (of  California)  are  paid  at  the  office 
of  the  Company,  No.  9  Pine  street. 


BANKING  AND  FINANCIAL. 

ADVAHCKS  HADE,  only  on  Cotton  in  Store  and  Approved  Stock  Exchange 
Collaterals.  K.  M.  WATERS  &  CO. 


RAILROAD  BONDS.— Whether  you  wish  to  BnT  or  SEIJ,.  write  to 

HASSLER  &,  CO.,  No.  '.  Wa'l  atreet.  N.  T. 


TEXAS  8TATK  BOJTOS. 

Houston  and  Texas  Ceiitr  il  RH.  First  Mortgigf  7  per  cent  Gold  Bonds, 

H.  li.  &  H.  Firrt  Mortgage  7  per  cent  Gold  Bonds, 

Texas  L  inds  and  Land  Scrip,  for  sale  hv 

WILLIAM  BRADY,  23  William  st,  N.  T. 

STOCKS 
Dea't  in  at  the  New  York  Stock  Exchange  bought  and  sol  J  by  ua  on  margin  of 
five  per  cent. 

PRIVILEGES 
Negotiated  at  one  to  two  per  cent  from  market  on  members  of  the  New  York 
Exchange  or  responsible  parties.    Large  sums  have  been  realized  the  past  30 
days.    Put  or  call  costs  on  100  shares 

$106  25 
Straddles  $250  each,  control  200  shares  of  stock  for  SO  days  wlttaont  further 
risk,  while  many  thousand  dollars  profit  m'V  be  g.iined      Advice  and  informa- 
tion furnished.    Pamphlet,  containng  valuable  statistical  Information  and 
•bowing  how  Wall  street  operations  are  conducted  sent 

FREE 
To  any  address.    Orders  solicited  by  mail  or  wire  and  promptly  executed 
tuk    Address, 

TWBSIDQS  A  CO.,  Bankers  and  Brokers, 

»o.}W«ll  street  M.r 


October  2,  1876.] 


THE   OHRONICLE 


317 


€l)t    Saiikers'    ($a^rtte. 

NJlTIO.'V.IL  BANK4  OBOANIZ8D. 

The  United  Statea  Comptroller  of  the  CurreocT  furnishes  the 
followioi;  sMtetnent  of  National  Banks  or^nisod  the  past  week  : 

l,SM>-riral  NtlioDsl  B>Dkor  TrlBldsd.  Colorado.    Aatborisad  caplul,  $30.. 

000;  paid-in  esplbO.  AAOMl    Krodcrtek  D.  Wight,  Prvideni:  Qto.  B. 

BnlTow,  UaakMr.    Aalbatlaad  to  rnmiaTii  kaalae««  Sapt.  SI.  I8:V 
ijm—TvUomtn  Matioaal  Hank  of  P-nubug,  PaaoiTlTiiiila.     Aattaorlxod 

capluj.  «ia)n>';  paid'ia  capital.  (iaQ#Ol     MIckaei  Alderf«r,  Pmi- 

dcoi;  John  N.  Jacuba,  Oaaliier.     Aalkoriaad  to  eommuica  boaineaa 

Sept.  t:,  197}. 

BIVIDEIfDH. 

Tb«  followlBC  DlTldeada  bars  receailT  beaa  annoancad : 


Ooar&>T. 


MV  Rallroada. 

Oadaa  A  ADanile,  pcxf.  and  eon 

Daytoa  A  Mlchlgaa 

~  ■■       prcf.  (qaar.) 

Lrhlgk  VaOtT  (qaar  ) 

8.  T..  Pro*,  i  Bua>.  (Sloalnfloa  RR)  qoar. 

OsdaMbeif  A  Laka  Caamiiilala,  prcf 

PaaaiMta  ar.) 

Pklla.  A  Baadlw.  prcr.  aad 

PhUadalpkl^  A  Trenion 

Pitta,  ron.  W.  A  Chic.,  gaar.  (qaar.> 

HnrHI  nar.  (qaar.> 

Skmx Clt7  *  Pwldc.  vnt..:.' ?..... 

Vanaool  A  MaavKkaaattSL 

Baaka. 
OallaUa  Hatkmal 


I  Wn 

if' 


I  uooaa  CLoatD. 
(Dajps  IcetoalT*.) 


(qaar.). 


9H  [Oeu 
IX  Kt- 

t  UCL 
*H  lOcrt. 
tX  Oct 
4  lOct. 
(      |Ocl 

tX  't>et. 
IK  .Oct. 
IX  .Oct. 

t      Oct. 


1  Bapt-SI  to  B«pC30 

I  aiit.tr  to  Oct.  T 

S  Sept.  n  to  Oct.  T 

15  

11,  Oct  5  to  Oct.  11 

II  

li'Oct.  I  to  OcL  U 
»  Oct.  e  to  Oct.  17 

'2!      :::.:: 
1      


•Oct.     •  Oct.  t  le  OcL  S 


Hkmt.  Odakarl.  ttlS-«  P.  M. 
Tka   Hoaar  MarkM  •■«   PlaaaeUI   sitaaUaa.  —  The 

inarkeu  tb's  weak,  Ibotif b  atUctH  aa  osaal  with  false  rumor* 
of  impaodinf  fail  area,  have  had  little  to  disturb  th«m  in  aetoal 
ocenwaBcea  of  that  sort.  The  windibg  op  of  the  Third  ATeoue 
SariDga  Bank,  which  waa  made  mack  of  bjr  thoae  who  wiahad  to 
depreaa  priees,  waa  realljr  aa  event  of  no  special  importance,  aa 
the  iostitutioo  haa  baaa  aaraljr  hanffiaf  between  life  aad  death 
for  a  /ear  or  two  paat  It  was,  in  ISmi,  a  point  of  aome  atgnifi- 
eaaee  that  ao  maeh  waa  vade  of  the  tailuraof  this  poor  old 
ikTinga  bank,  and  at  the  name  lime  that  minors  were  drealated 
afaloat  the  soWency  of  one  of  the  aowidaat  banking  houaoa  of 
the  dtj,  it  appeariaic  that  tbia  was  the  btM  motlTe  for  daprcaaiuK 
tba  markeu  which  eould  at  the  preaent  tlna  be  found.  In  Boston 
the  aaspension  of  a  lumber  firm  is  raportad  to  dajr,  by  telerrapb. 
with  lUbllhiaa  eatimatad  at  $1,900,000,  of  which  amonnt  the 
BoMoa  banks  an  raportad  to  hold  •  MWidanbla  amonnt  in  the 
ahnpe  of  dlseonntsd  paper.  Of  Boalna  haak  di*idaods,  paTabIa 
in  October.  Mr.  Ifattln  sajs,  la  his  mnatblj  statement :  "  Of  the 
fiftr-eifht  banks  within  the  lluiu  of  B  jaton,one  pays  7  per  nut., 
Are  8  per  eaot,  a4gbt  0  par  eaot.,  eifhteen  4  per  cant.,  one  Sf  per 
cent.,  one  8  1-5  per  eant.,  twwiy  8  per  eeai,  one  8  qoartarlr,  two 
not  drclarad,  and  one  divldea  Janonrj  and  Inly.  The  bank 
dividends  hara  not  dscrsaaed  so  moeh  this  six  months  as  had 
been  anticipated,  from  the  fact  that  last  April,  and  preTJoasty. 
eonslderabia  radaetlon  kaJ  been  made.  Wa  And,  howeTcr.  that 
more  thna  one  third  have  aotlled  do«m  to  •  par  eenl.,  and  that 
only  Bfteen  divide  laora  than  4  per  eant." 

Furmal  aotiea  waa  fivan  in  8«a  Fmndae*.  Oaylauibai  80,  that 
tha  Bank  of  Oallitnria  woald  opem  Saturday  mominf .  October  9. 
Wm  Sharon  haa  baaa  alaclad  prarfdant. 

Onr  loeal  money  market  baa  bean  a  shade  flrmer.  aad  on  WeJ. 
needay  a  temporary  advaaea  waa  afliMlad  by  the  eril  ramoin  than 
drcnlatad.  The  preralllaif  rataa  on  call  lonaa  are  9(g8  par  cant, 
la  eoamrreial  paper  there  Is  rather  mora  domK.  and  a  good 
daanad  for  BrstcUaa  grade*.    The  mlsa ars  abonl  <V4  to  7  per 

On  Tharaday  the  Bank  of  E  iKland  showed  a  rtsniiass  of  £140  - 
000  in  ballion  for  the  week,  bat  allowed  the  mlnlmnm  dircouol 
rate  to  remain  aaebaaired  at  2  per  eant. 

The  laat  weekly  statement  o(  tha  New  Tork  Oiy  a^annjr 
Boaae  Banks,  lasaad  Sept.  89,  showed  a  deeiaaaa  of  |«SS  l.V)  in 
the  eseasa  aboea  tbair  88  par  eant.  lafml  raaerre,  the  whole  ol 
■a«h  exesaa  beiag  |14,7Sl;U0.  afnlast  910,834.400,  the  previoas 
week. 

.The  following  ubie  ahows  the  ohangaa  fta*  tha  prevloas  week 
Md  a  oomparison  with  1874  and  1878: 


chased  loner  a^  at  much  lower  prices,  includingf  banks  which  are 
giTiDg  up  their  circulation  and  realizin>(  the  profits  on  their  bonds 
which  had  been  deposited  as  security. 

Secretary  Bristow  issued  to-day  a  call  for  $5,000,000  more  of  tha 
5-3l)s  of  1864,  of  which  ilie  description  is  as  follows  : 

Coupon  booda:  $30,  Noo.  S.301  to  3,700.  both  indiulre;  $100,  Nna.  10,S0I  to 
lt,ailO.  both  InclualTe ;  $3,000,  No'.  1\S01  to  18.000,  both  incJoalve ;  $1,000, 
Noa.  90,701  to  W.W\  both  iaclaalve  ;  toul,  $2,300,0)0. 

Re«Uter«d  Ooiwta:  $aO,  No*.  09  lo  190,  both  tnclasWc ;  $1(10,  Noa.  601  to 
1,000.  both  incla-Ue:  $300,  Mo*.  481  toTSO,  both  incluaive  ;  (l.UiO.  No*.  S.tSl 
to  i.f,.  i.t9h  toclualTe;  $5,000,  No*.  1,551  to  a.lOO.  l<oth  Inclu-ire;  $10000, 
No*. : . «  I  ,io  4.000.  Dolh  Incltuire ;  total,  $3,5aaa00.    Oiaod  toul,  $3,000,0oa 

The  pnblic  debt  statement  shows  a  reduction  during  September 
nf  $3,343,580.  The  coin  balance  U  reported  at  $67,500,000,  less 
coin  certificates  of  $11,500,000;  the  currency  balance  is  $4,600,000. 

Cloaing  prices  dally  have  l>een  as  follows  : 

Sept.  Sept.   Sept.    Sept.   Sept.    Oct. 
Int.  period.      a&        n.        iS.        »        ».        1. 

ts.iasi rec..Jan.  AJalj.    UlS' *:*IX  *1*1V    ^X    KIX    1*IX 

la.1881 Goap..Jan.AJal7.    1«IX  •:UX  *I*SX    W3<i,' •ii3K 'laK 

ta,»40'B,18M res.. Mar  A  Nov.  'HSJi  'USH  'IISX  *H»h  *11Si<  •zUy 

ta,5.10'*,18M coap..Ma]p  A  Nov.  •1I«X  *!■•)< 'll^X    "OS    11»K  *119X 

(a,  5-(0'a,  ISH ncMar  A  Nov. 'liO     *119     'IISX  *11V     *r.«]<  xll6X 

ia, S-M-*,  18S5 eonp..lIa}  A  Nov.*ll»X  •!1«K  *I19X  *WS  *nOM  'il*^ 

•s,ftlO'•.lS•^n.L.  rag..Jsn.  AjQly  'IIV  •11»X 'HOS 'llkM  119X  *nvx 
t*,S-10*a,lSHB.L,eoap..Jan.AJalx.    119X    r.9M  *tloH    11«K    1I*W    1I>X 

ts.S-Va.IWI rwt..JaB.AJiUv.  •!«»<    190X  *ltOX    IMK    IMX 'llOK 

l*,5-M'a,lMl....conp..Jan.A  July.    Itl       lit        t»X    1»K    !»"<    '«>H 

ls,Mira,l8K rer..JaD.  A  JalT.*l!tU<*U<V*ltlM    Itlla  'lilSt  'Itll^ 

(a,  t-tO**,  IS« coap  .Jan.  A  Jalv.*l*lX  'Itlli 'ItlK  •!tlK  *W1I*    niH 

Sa.ietO's nc.  llar.A8*pt.*ll8K  *i:«X*ll>X*li<X    11«X    11«X 

ta,l>«rs eaap..ilar.ASept.    UlX  *117X    118     •I17X    117X  *inx 

5a,  fanded.  lan r«K    ..ODartarlr.  •HTX    116       1181i  *II8       118     *inx 

S*.raDded.l8dl,  ..eoap....OnarterlT.*118  'US  'USK  •118K  USX  USX 
Is.CBircDcv r««..JaB.AJnlj.    1»M    IM     'IMJi  MM     •Ml       lUH 

*  Thla  1*  the  price  bid  :  no  nU  »a*  mad*  at  tb*  Board. 
Tha  range  in  prices  since  Jan.  1,  and  the  amount  of  each  data 
of  honda  oatatanding  Sept.  1,  1875,  were  as  follows: 

. — Range  alace  Jan.  1. — .  . — AmonBt  SepL  1. — 
Lowesv.  nicbeat      Beclatered.     CoapOB. 

ta.ini reclis     Jan.     5  1I>H  Ma/  «$in.>;i,8B0 


*a.ia81 eoap 

ls,t-«0'a.lMI- coap 

is,5-W*,  lM«,....coBp 

I*.  fr-lO'*,  18^ coop 

t*,5-<0'*,  18U,  B*w,eoBp. 

(*,  ft-tO'*.  IMT eoap. 

I*,»-M'*.im eoap 

KIO-O"* r*g. 

**,l»4rs eoap. 

Is.  raaded.  lltl. . . .  eoap 

ts.Oarreaey rac 

Cloalng  prloan  of  ■eearitlaa  In  London  have  been  aa  follows : 


:a)i  Jan. 

114M  Jan. 

IIAV  Aug.    t 
.  llTMJaiy  M 
.  lITKJaa.    8 
.  IISMJSB. 
.  lU    Jaa. 
.  USMMeb. 
.  liax  Mch. 
.  nSKJan. 
.  llTNJaa. 


SilMlf  Jau*17 
t  IISX  Apr.  18 
Itl  Apr.  n 
IttX  Jun*  18 
\MHJaat  17 
l«MJnn*i6 
IKK  Jbbs  18 
I  ISM  Jbbs  18 
llkXAsf.  M 
IIS  JBBStS 
IMXApr.  M 


tS,«BO 

H.an.ooo 
3S,8da.oao 

U.S87.U0 

88,S>M,tS0 

14,478,000 

141,llS,a50 

Kn,fa'.m 
•t.at>.5it 


89,864.500 
89380,560 

tt,M5,eoo 

118,781.810 

144,81^460 

ttl.788  SCO 

81,988,010 


88.946  450 

880,878,150 


^:- 

T\°?- 

_ — SlBce  Jaa.  1.  18n. . 

Lowest.            Bl8h**t. 

0.8.8s.8-l«>s.iaa,aM., 

a.  8.6*.  Mrs.  un 

O.B.»*.lMrs  

«•»%•  

:s8)i 

IS" 

WM  1  106H 

107X  1  imx 

106         104X 
IM       I  104X 

106H  Apr.  11    lOew  Apr.    9 
lOSMJanell;  lORMMay     5 
108X  r*b.  18    107     An(.  18 
IM     Apr.  1*1  ItOK  Aqk.  18 

-ltT8.- 


I11U88 
441808 

Statin* 


lt.tlt.lilO 
B.t 


itn. 


I«MS  aaadis.  lajtJnjM  8in8l«.M>  Dee. 
*f^j^'-'  UMm  7.JM.S«D*c 
""•^ttSr."  «T.7»4  88t  t7.tR80(.Iae.. 
Wetdiiiunili..  188,»048«  8ai4«.M>Dea. 
Laraltaadsis.     tlja8j08t     r..8il.«00  Dee.      SM^ltD     »>..m,4M 

Oaitatf  atatee  Hoade—There  haa  been  a  pretty  fair  business 
In  governments  throughout  the  week.  F  .r  a  long  time  paat  a 
very  large  proportion  of  the  whole  bnalons  haa  baan  done 
throuirh  the  heads  of  private  bankers,  as  th*  attempt  to  patahaaa 
ronad  lota  of  $800,000  or  apwarla  at  the  Board  often  lead*  to  an 
••••dhi»«  sdvanea  in  prices.  The  bnyera  of  govemneoU  are 
prtodpally  flcanelal  corporations  in  this  vicinity  and  other  eon. 
sarvnUva  iavsators,  aad  many  of  the  tellers  tre  parties  who  par 


State  aa4l  Bellraad  ■•B«a.— There  haa  been  very  little  baal- 
aaaa  in  State  bonds  at  the  Board,  Tenneaseea  are  qaoteJ  Srm 
for  the  old  iasae.  Virginia  "peelers"  are  aboat  3  per  oant. 
bif  her  thaa  laat  week  on  a  home  demand. 

Railriad  bonds  have  been  strong  on  a  larger  business.  There 
haa  been  qaita  a  notable  movement  in  Central  Pacifies,  which 
adranoad  to  107^.  while  the  Weiteni  Pacifies  have  sold  at  05, 
CallforoU  and  Oregon  at  03,  and  San  Joaqoln  Branch  at  00). 
Thaao  bondaare  all  gold  6  per  centa,  and  are  all  secored  by  first 
mottgnga on  dlflbrent  parts  nf  the  line,  and  are  abaoluta  obllga- 
lioaa  of  the  Central  PadOe  Companr.  Union  Padflc  bonda  have 
also  been  strong,  notwithstanding  the  sharp  deeline  to-day  in  the 
stock. 

Daily  doalag  pHoaa  of  a  lew  leading  bonds,  and  tha  range 
Jsj 


dnoe  Jan. 


S*T*aa.,Be**.. 
•BN.Car.,eM.... 
•*V.Car..B*v... 
••  Vlra.,  roaaolld 

«iB.O..J.Aj... 
tsBo.  IM«~ 


I,  have  been  aa  follows: 
tmt.  8*1.  8«BC  taat.  I*M. 


Oct.  ^ 

I 
•»% 


V.T.C.AH.  IrtM 

C.Pae..g<ilSt*... 

Oa  ra«.,i*«t*... 
do  L'dOrlli 
di      »  r.t*.. 

Bn«ut  M.u 

a.  J.Caa.iM  7*.. 

rt  Wan*  Ktla. 

■ee<7«ldlaa7»... 

<mrlrlbdi* 


IS!}! 

■8 


-OlDcaJas  1  ^ 
Hl«ba*«. 
t^KJaa.  • 
M  Jan.  II 
14  Jan.  7 
atM  Apr.  i 
»    Sept.  M 

at   j*D.  >i 

lC8)i  Job*  H 

in   B*pi.i8 

Mll}B*pt.M 
•:K  Aa(.» 

Mi;*.  May   t 

III  A|ir.  0 
114  JoilcU 
lliu  Job*  I 
8i3ab«.  4 


Low**t 

44  Jaa.  n 
78  Mek.r 
II  Jaa*  M 
MtiJaa.  M 
m  Mah.  *< 
ttM8apl.M 
NNJaa.  II 
IIIK  Jan.  It 
tjh  laa.    « 


M  Saa. 
«>M-I*a. 
-      Mar 

r*6. 

Jaa. 
Jan.    i 
Jaa*  18 


•ThlalalhvBrM^Mii.aoMiiwaswadsaiik*  Beafd. 
BallraadI  aad  miecellaaaoae  Stecke. — The  stock  msrket 
baa  bean  qalte  irregular,  and  at  timee  feverish  in  tone.  There 
were  reneared  sttempts  to  depreea  pricea  by  the  circulation  of 
mmora  anfavorable  to  banking  or  commercial  houses,  but  these 
have  not  had  as  much  effect  as  they  sometimes  have,  and  the 
market,  upon  the  whole,  cloeea  stronger  than  last  week.  The 
moat  noteworthy  rhange  in  pricea  was  in  the  decline  (o-day  of 
Miseouri  Pacific  t<io<-k  to  35^  ex  dlv.,  Atlantic  &  Pacific  preferred 
to  S{,  and  Union  Pacific  to  Mi.  There  were  various  reports  to 
aeeount  for  tbia  break,  among  others  that  the  calling  in  ol  loans 
had  produced  It,  but  the  storks  are  carried  largely  on  speculative 
account,  and  little  is  known  as  to  the  actual  causes  for  the  sharp 
decline.  A  statement  issued  by  the  Vice  President  of  the  Pacifio 
Mail  Sleamohip  Coinpany  gives  the  total  net  earnings  for  July  and 
AuKUst  at  $233,571,  and  aaya  that  there  haa  bet-n  a  net  n-diictlon 
of  lUbilitles  ainca  March  1,  of  $1.467,2.04.  The  stock  advanced  to 
88  on  Wedneaday  and  eloaea  at  37|  Western  Union  ToIe«rraph 
haa  been  stronger,  partly  in  ronseaaence  of  the  break  In  the  Direct 
Cable  which  ooniw^cta  with  the  land  linea  of  the  Atlantic  4  Ptdfic ; 
it  dotet  at  7(4^T0|.    Ohio  It  Miss,  baa  told  up  to  17i,  ai^partBtly 


Slid 


THE   CimONlCLE. 


[OctoVer  2,  1875. 


on  the  streoffih  of  the  company's  etntement  for  the  year  ending 
June  30,  1875,  which  Bhowod  a,  sarplus  of  about  flS.OOO  above 
intirest  charges,  but  an  increase  in  liabilities  for  llie  year  of 
$463,756.  Lake  Shore  has  been  stronger  on  large  dealingn;  Mich- 
igan Central  fell  cff  to  53  on  Monday,  but  subsfquently  was  much 
stronger  and  closes  at  57.  The  combination  for  higher  freight 
rates  from  Chicago  to  the  East  it*  used  as  an  argument  in  favor  of 
higher  prices  on  both  of  the  stocks  just  named.  At  the  close  the 
market  was  generally  strong. 

For  the  purpose  ot  showing  the  total   transactioDB  of  the  week 
in  the  leading  stocks,  we  have  compiled  the  table  following  : 
Pactfle      Lake    Weat'n  Chic.  As  Union    Ohio  A 

Mail.       8hure.   Union.  N'weit  Brie.  Paclflc.     Miss.    Wah. 

Sept.  SS 3!»<»in      39,100      n.J'OO    13.(100     5.000       ....        2,S00         rtOO 

'•      27 it.TM      4ft,«00      .11,1(10      4.100    11,!)00       1,000        6.700       S.BOO 

"      js 9«,900      40.410      S4.900      3.100      6,600         60O        6,800      1,.'500 

"      99 101. ,00      76.010      38,600      »M00      9,400      1,100        S,a<10      8,800 

>•      80    31.310      46.»I0      l.'i.-lOO      7,9  ifl         900      1,6,'XI        3,9(X)         6  iO 

Oct.      1 86,S00      36,800      17,800      5,100      1,5  0    13.701)        4,600      2,100 

Total .■530,1)110     884.700     174.700    43.100    35.300     18,1100      32,400     1S,<00 

Whole  stoclc.  ..800.000  4»4,B65  3 R,856  14!).>)30  780,(00  867,150  200.000  150,000 
'I'he  last  line  iu  the  preceding  table  shows  tlie  total  number  of 
shares  of  each  of  the  stocks,  now  outstanding,  so  that  it  may  be 
Been  at  a  glance  what  proportion  of  the  whole  stock  has  been 
tamed  over  in  the  week. 
The  daily  highest  and  lowest  prices  have  been  as  follows : 

Saturday,     Monday,   Tuesday.  Wednesday,  Thursday,    Ifrlday, 
"     •    ""        Si'pl.  J!.      Sept.  2S.       Sept.  29.       Sept.  30.         0.;t.  1. 

io;v;o.i>4  v'i   iw     ■■"    ""     ■ " 

..   .    .        "131     Hi 

UH  17      16H  nx 

-■•      -  (.%     6S 

Si       SDH 
•53K    .... 

unx  1I17X 

83K    34H 
Si'A    63K 


Sept.  25. 

H.y.Cen.AH.K. 

;o,x  103 

■130       .... 

!7x  ns 

58X    54 

Lake  Shore.... 

Wabash 

s«      6« 

Northwest 

S8J4  a»x 

do      pref. 

il%    54'i 

Uook  Island... 

iir.H  vn% 

Bt.  Paul 

33%    3IH 

do      prel 

ax  6i\ 

A.t.*  Pacpref. 

Ohio  &  Miss... 

•.S«    15H 

Central  o:  N.J. 

•lldv  U'J 

Del.,L.*  West 

ISIX  121)4 

Han.  ftst.  Jo>. 

1<>4    WX 

Union  Paclflc.. 

•.0       7! 

Col.  Chic*  I.C 

•I        4H 

•IFO     140 

West,  Va.  Tel. 

75V    7»H 

At.  &  Pac.  Tel. 

15H    19X 

Quicksilver.... 

15X    liX 

do       pref. 
Paclflc  Mall.... 

34       »h% 

Adams  Kxp  ... 
American  Ex.. 

1(1     101 

58X    5SX 

United  States.. 

IS        45 

Welle,  Fargo.. 

•;8«  ;9x 

6K  «)(. 
S^H  89H 
51V  SI'X 
1II7H  io;« 
33V  34X 
<2X   6J 


10 
15  V 


mi    15« 
•HI     ll-'X  -iiox 
12iXlS2 

HH    I8«      16% 

6»H  70X    ma 
•ix    4      -ax 

•131      140      '138 
75X   76X      i5X 
19       19X      19 
•15       ....      15X 


'.6)i 


18X 

19  H 
15)i 


!04     102 

WiX  103X 

102X  102J< 

130X  13UX 

131      131 

16X    17x 

16V    I7X 

16X    16X 

5iS    6)S 

X^H    54X 

53X    51V 

«!i      iX 

6X      7X 

5X      6X 

39),    40 

at\  40 

san  S9« 

61       SIX 

54       54 

63X    53V 

lOTv  ^o^ 

108     1U8>< 

10-t     106X 

34.l<    SIX 

34X    34  Si 

SIX    3<X 

6:1       63  s 

63X    63K 

t2K    63X 

9X    lOX 

9X    111 

«K     ex 

I«X    17 

16X    17¥ 

16X    Hi. 

111     1:2 

iii!»  lax 

•X'.OSH   1"<) 

,21X  122 

121 X  12i 

•XI19X20K 

l:l       19X 

1(1)4    19H 

19         l»i. 

69V    7UW! 

69X    7U 

64  W    61IX 

3H     *H 

'3Ji    .... 

•:tX      4X 

133     140 

135     135 

•133      140 

BX    76  X 

73  K    76>< 

76       ^6X 

19X    20 

■20       20 

19X    20 

15X    15X 

•15       \iH 

15*    15X 

SIH   35H  31^    86V 

'101),10IX  lOIXWlX 

".iS       5a\  -Sj       58X 

•41X    45  41X    HX 

•78X    79K  78       78 


3<K    S3 
'101      lOlX 
•68 

44       41 
•  ...    79 


22 

SIX  3!X 
lOix  101 5i 
58  K  58x 
43       43 


sex    8TX 

101  li  mix 

58       58 
43X    WX 


•This  Is  the  price  bid  and  askel ;  no  salt  w.as  made  at  the  Board. 
The  entire  range  from  Jan.  1, 1874,  to  this  date,  was  as  follows: 


, Jan.  1, 1875,  to  date , 


Lowest. 
N.  Y.  Oen.  *Had.  B...lflo     May  28 

Harlem ...127X  Jan.  12 

Brie 121i  Jane  21 

Lake  Shore Sl^Sept.  15 

Wabash 4Ji  June  2» 

Northwest 35X  June  :2 

do         pref 47>i  June  IS 

RocklBland 100>4  May  8S 

81.  Paul  ;...  28>4  June  12 

do       pref 51     Mch.    1 

Atlantic  &  Paciflc  pref.  8J<  Oct.  1 
Ohio  &  Mississippi....  14X  Sipt.  83 
Central  of  New  Jersey. 105><  Jan.  5 
Del.,  Luck.  &  Westnrn.lOB)^  .Ian.    2 

Hamiihal&  St.  Jo 17X  Sept.3) 

Union  Paciflc 36     Jan.  18 

Col.,  Chic.  &  I.  C 3     JunelS 

Panama  .  .     .  lllljf  Jan.  21 

Western  Union  Tel ... .  7O54  Feb.  17 
Atlantic  &  Paciflc  Tel..  18     Jnly  14 

Quicksilver 13     May   14 

do         pref 20     Jnly  If, 

Pacific  Mail 30%  Feb.  10 

AdameExpress 08     Jan.    2 

American  Express 50     June  25 

United  States  Express.  41>i  Aui;.  11 

Wells,  Fargo  &  Co 71     Aug.  28 

Railroad 


nlghest. 

107K  May     8 

im  Apr.  27 
35>^  Mch.  29 
80>iJan.  2 
2i;i  Jan. 
4S'/i  Jan. 
62;i  ,1an. 

10!l?i  Aug. 
4(iX  Apr. 
65Ji  Aug. 
18  Apr. 
8-25i  Jan. 

120      Apr.   27 

US     Apr.  27 

SOhi  Mch.  2(1 

7&)i  Juno    1 

9^  Jan.  14 

172  Apr.  26 
84?<  Aug.  ir 
29XJan.  15 
.35  >fan.  6 
44  Jan.  7 
46%  Apr.    3 

I0i>i  Mch.  23 
65  Jan.  15 
65     Jan.  11 


-Whole  year  1874. , 


Lowest. 
95%  May  19 
USJiJan.  7 
26  Dec.  10 
67%  June  19 
m'4  Dec.  29 
34X  July  15 
51  Sept.  10 
92X  JunelS 
31Ji  May  18 
48  May  5 
lOV  Sept.  3 
21%  June  17 

98  Jan.    3 

99  Jan.  2 
22X  Sept.   7 

28  June  17 
8     Sept.  3 

101  Apr.  20 
68  Apr.  24 
14  Aug.  25 
22Jf  Apr.  28 

29  June  29 
.38X  Dec.  21 
9i}i  Jan.  18 


Highest. 

105%  Mch.  11 

1345i  Feb.  IS 
51 M  Jan.  15 
84^  Jan.  16 
b5!^  Jan.  16 
62  V  Jan.  9 
78X  Feb.    9 

109X  Feb.  9 
49JiJan.  10 
74%  Feb.  9 
22  Feb.  16 
86     Jan.  10 

:09>i  Feb.  10 

1 12%  Feb.  10 
34;<  Jan.  12 
•38X  Mch.  80 
.32%  Mch.  80 

118  Jan.  9 
8.3%  Dec.  10 
20  Nov  7 
36>i  Nov.  24 
48  Nov.  27 
51>i  Sept.  30 

120     Nov.  13 


58)<;Jan.  2j65xDec.  1 
80  Sept.  281  73  Feb.  9 
69>tf  Jan.     5|  84     Nov.  30 


1,532.000 

1,822.557 

0,91'l,183 

8,933,460 

10.443 

10,960 

8S0,916 

319,021 

7,190 

6.616 

651,.302 

711.969 

4,721,373 

4.903. 278 

3.),:87 

3I,8'1 

810,291 

1,161.467 

114,716 

21.750 

778,251 

701,249 

72,D9S 

64,5!9 

a,l'"ll,9.>6 

2,24l.:-97 

20.096 

19.4(2 

586.2i2 

4S2,.')>)1 

69.80'S 

711,164 

1.803,910 

2.123  9'« 

112,h73 

116,638 

998,.*)  1 

1,3I9.9.)5 

13,589 

12,911 

.38!),877 

3'.  9,969 

91.200 

65,5.34 

2,419.015 

2,109.822 

218.8:J6 

235.920 

l,f.34,219 

1,5.56,015 

20.022 

26,728 

661.513 

8.')9,634 

69,4.55 

72,936 

455,889 

617,216 

1,061.000 

1,042,416 

7,621,427 

6,453,191 

The  following  table  will  show  the  course  of  gold  and  opera- 
tions of  the  Gold  Exchange  Bank  each  day  of  the  past  week  : 

y (^uotatinna , 

"  Tola!     y —  -Balances. - 


Clfariiiga. 

$<i.rioi.iH)o 
2\B(io.noo 

18  9:18.000 
2-l,7IS.0O0 
38,177,000 
27,U5o,000 


G'Jid.  Currencv. 
»973.l>51  $1,745,663 

7:il  292         8')i'.lfi5 

532,951)  661,182 
l.OM.OOl      1,391,7:12 

902,006  1,609,(;65 
1,123,676     1,422.581 


Open-  Low-  Ulzh-  Clos- 
ing. e»t.  est,  Ing. 
Saturday,  8cpt.85....rii.?f  116>tf  II6V  116!^ 
Monday,  ''  27....110H  116),-  116Ji  116V 
Tuesday.  "  2.3....116X  I16V  117  116% 
Wednesday,"  S9....117  116%  117%  1171* 
Tliursday,  "  8P....117%  117  117%  117% 
Friday.     Oct.      1....U7  H6)i  in  116% 

Cnrrentweek 116%  llfix  117%  116%  tl66  348.000     $ $ 

Previous  week 116!^  I16i<  llTJi  116%    217,041.000       976,400     1,141,087 

/»n.l,1875,  todate...llv%  111%  117%  116%         :       

Foreign  UxctaaiiKe — Exchange  has  continued  depressed  with 
a  moderate  volume  of  business.  As  long  as  the  gold  market 
remains  in  its  present  condition,  and  the  supply  of  gold  is  so  easily 
manipulated,  tliere  seems  to  be  little  pronpect  that  exchango  can 
i'ecoiiie  settlnl  for  two  days  together.  The  present  supply  of 
commercial  bills  is  small,  but  an  increase  is  looked  for  soon,  aris- 
ing from  larijer  shipments  of  domestic  produce.  On  Wednesday 
the  rales  for  actual  business  on  prime  bills  were  about  4.78  lor 
60  days'  sterling  and  4.83  for  demand.  To-day  the  prices  on 
actual  transactions  are  about  4.79}  and  4.83J^,  for  long  and  short 
sterling  respectively,  and  the  asking  rates  of  leading  drawers  are 
i  point  liiglier.     Quotations  are  as  follows : 

, Oct.  1. . 

60  d»y».  3  days. 

Prlmebankers' sterling  bills 4.79    lit*.fO  4.f3    (84.84 

London  good  hankers'  do 4.78    ©4.79  4.82    (%4.88 

Loudon  prime  com.  ster  do 4.77    i34.78  4.81    (^4  82 

Pari6(franc8) '. 5  27X^5.23%  6.33%36  2nji; 

Antwerp  (francs) 5.27%(a6  23%  5.2:i%'aP  2r% 

Swiss  (francs) B.a:%(a5.23X  B.23%a5.40% 

Amsterdam  (guilders) 39%®    39%  iUH'A    40% 

Hamburg  (reichftiarks) ,.      93%®    93%  »4^a    94% 

Frankfort  (reichmarks). 93%®    98%  94HiS    94% 

Bremen,  (rcichmarks).... 93%®    93%  S4i,'a    94% 

Prjssian  (reichmarks) »3%®    98%  94%3    94% 

rhe  traiisaulioua  for  the  week  at  the  Cusloui  Bouse  and  Huh- 
Treasury  have  been  as  follows: 

Custom    , Snb-Treasury. , 

House     , Receipts. ,   ,. Payments. , 

Receipts.  Gold.  Cairency.  Gold.  Cnrrerrv. 

Sept.  25 t42h.000        J91«,83'.' 68      J467,05fl  75      $212.770  24      JS7ll.0(7  74 

•'      27 452,000  662,092  61         5 81,. SOS  76     l,.'i67.662  64      1.102.787.59 

"      S8 308,000  415.303  51         5!t4,02S  HI         627.459  70         799,694,13 

"      29 474,000  511,209  80         473  8ti2  42         194,18178        402,1 96  64 

"      30 820,000  485,.570  82        75.5,249  63         22:J,698  42     1,191,200  95 

Oct.      1 28:3.000  719,189  80     l,63:i.:J92  40     1,166.365  65     1,648,.381  21 


92%  Apr.  80 
EarningM — The  latest   earnings  obtainable,   and 
the  totals  from  Jan.  1  to  latest  dates,  are  as  follows  : 

, Latestearuings  reported.— ,  Jan.l  to  latest  date. 

Roads.  1875.  1874.  1875.  1374. 

Atch.,  Top.  &  S.  Fe.  Monfh  of    Au^'.    $1511,00)     $112,681     $839,128     $787,935 

Bur.,  C.H.&  Minn...  Month  of    Aua.      1127.i9       116.280        

Central  Paciflc. -.  ..Month  of  Aug. 
Cln.  Lafay.  &  Chic.  3d  week  of  Sept. 
Denver  &  R.  Grande  l^t  week  of  Sept. 
Illinois  Central  ....Month  of  Aug. 
Indianap.  Bl.  &  W..  id  week  of  Sept. 
Intern'l  *  Gt  North.  2d  week  of  Sept. 

Kansas  Pacific 2dwtekof  Sept, 

Keokuk  &  Dos  M...  3d  week  of  Sept. 
Mo.  Kansas  &  Tex. ..  2dwei;kof  Sept. 

Mobile*  Ohio Month  of    Aug. 

St.L.  A1.&  T  H,  hchs.  ,3d  week  of  Sept. 
Sst.  L.  I.Mt.&South.  .3d  weikof  Sept. 
81.  L.K.C.  *  N....  Month  of  Aug. 
St.  L.  A  Southeast...  2d  week  of  Sept. 
St.  P.uil&S.City,*c.  Month  of  Aug. 
Union  Pacific   Month  of   Aug. 

Ttoe  tiold  Market. — Gold  has  continued  scarce  for  borrowing 
and  strong  In  price.  The  rules  on  loans  have  ranged  from  day  to 
day  at  high  figures,  generally  reaching  116  or  3-33  per  day,  but 
have  not  advanced  to  the  extraordinary  figures  of  i,  f  and  even  1 
per  cent  per  diem  which  have  been  known  in  former  gold  manipu- 
lations. To-day  the  rates  on  loans  were  1  62,  3-64  and  116  per  day. 
The  shipments  of  gold  from  England  do  not  thus  far  amount  to 
much,  and  it  does  not  appear  how  the  supply  of  our  market  can 
soon  be  materially  increased  except  by  the  gradual  attraction  of 
gold  to  tliis  centre  by  the  high  premium  anil  lending  rates,  or  by 
disbursements  from  the  Treasury;  and  of  the  latter  there  will  be 
little,  except  the  regular  gold  sales,  until  the  payment  of  Nov. 
interest. 

At  the  Treasury  sale  of  |1, (100,000  on  Thursday  the  total  bids 
amounted  to  $2,553,000.  Customs  receipts  of  the  yreek  were 
$3,203,000. 


Total $2.263000      .3,04.3.234  1«    4,505,092  77     .3,992,533  38     6,134,268  86 

Balance.  Sept.  24 35,696,5:  0  80  59.120,770  47 

Balance.  Oct.  1 3i,847,:330  68  59.491, :94  98 

New  York  City  Banks. — The  following  statement  8how8 
the  condition  of  tUe  Associated  Banks  of  New  York  City  for  Ihe 
week  ending  at  the  commencement  of  business  on  Sept.  2n,  1875: 

ATXKAea  AMOUNT  QP- 


Banks. 


Capital. 


New  fork »s,uoo,00(i 

.Manhattan  Co 2,050,001 

.Merchants' 3,000.000 

Mectianlcs' ,8,000,000 

anion 1,500,000 

America 3,000,000 

Phoenix 1,800,000 

City l,ll(l'J,000 

Tradesmen's 1,000,000 


Loans  and 
Discounts. 


Specie. 


fulton. 

Oiemlcal 

Merchants' Kxch'ge. 
ai. . 


Gallatin,  National 
QutcUers'A  Drovers' 
Mechanles&Traders 

tjreenwich 

Leather  Manuf 

Seventh  Ward 

State  of  N.  York..  . 
American  Exch'ge. 

Commerce 

Broadway 1,000,000 

Mercantile 1,000.000 

Pacific 422,700 

Itepubllc 2,(KI0,000 

Chatham 450,000 

People's 412.500 

North  America I,00o,0ti0 


6UO,0«0 

300,001' 

1,000.0110 

1,500.000 

800,000 

60(1,000 

200,000 

600,000 

300,000 

2,000,000 

5,0(X),000 

10,000,000 


JS,V21.2«0    »l.220.:;00    12,100,000 
5,il!l,100        210,01X1     2,582.210 

...        g.j.uo      "    "   — 

8.i,800 
99,700 
43U,3'  0 
210,400 
2:4.100 
S6-!.;(0 
llS,7ttl 
199,(00 
32,49(1 
14S,600 

3<,a.o 
is.aou 


Legal  Net 

Tenders.  Deposits 


Hauover 

[rvlng  

Metropolitan 

Citizens 

Sassau .. 

Market 

4t.  Nicholas 

Shoe  and  L<ather.. 

Corn  Exchange 

Continental 

Oriental 

Marine 

linportera'A  Trad'rs 

Park  

Mecli.  Bank'gAsso. 

Orocers' 

North  Klver 

Kast  Itlver 

Miinufact'rs'A  Mer. 

Fourth  National 

Central  National... 

Second  National 

Klnth  National.      . 

Klrst  Nalloual 

Third  National 

N.V. National  Kxch. 

Tenth  National 

Bowery  National  .. 
New  York  Co.  Nat. 
Qertnan  Amertcau. 
Dry  Goods 


l.ooo.udo 

510,000 

1,000,000 

6(11 ,000 

l.uoo.oco 

1, 000.000 

1,000,000 

1,000,0(10 

l.OOO.UOCl 

1.5110,0(0 

Sl)n,00li 

4011,00(1 

1.500,000 

2,01.10.000 

50(1,000 

300,000 

:,i  00,000 

350,1100 
3110.000 

s.om.ooi 
2,'IOO,I10C 

3-10,000 
1, . 5110,1  CC 

5110,1  00 

l.ouo.ooo 

51)0,000 

1,000,000 

2r,o,oor 

2iK',(:0(! 

1,«1X',OOU 

1,000.000 


9,79«,l00 
7,&il.lOO 
4.75.1,300 
9,oJi.S00 
8,(IM).8CO 
6,406 ,2i« 
S,6!'.',000 
1,502,60(1 
8.711,300 
S,i>00,H» 
3,911,400 
2,2>l,0t« 
1,9;S.;00 
l.,*(l,300 
3,347,200 
l,'iT4,S00 
4,K3.:00 
12,795,10(1 
S(),31.i,!00 
3,7  2,.'i0n 
4,(O:,10O 
2,11 16,900 
4,615,1100 
3,'226.1(10 
1,4116,9,!0 
2,50(1,900 

s.mioo 

2,«')2.000 
13.(64,1)00 
I.s73.?il0 
2,123,100 
2.022,900 
2.51S800 
4,5;9..O0 
2,.6b,90l' 
4,4. 1,300 
1J>61,»U 
2;3I2.  00 
;6.5S4.i  00 
I<,39..700 
I.l61,0o0 
7i4,ll« 
9S-,lllO 
97i.2lO 
617,  00 
17  17B,6U0 
73U.-.OOU 
1  317,1100 
6,118.  00 
4,l«l.'nO 
4,160,2iO 
1,149.1^10 
2,103.000 
l,311,«l)0 
l,21S,H)0 
3.«i,W0 
•.,940,900 


229.900 

20,500 

7S,1U0 

?97,(WJ 

361,300 

4K,7110 

83,(00 

9..'i00 

387,900 

6i',800 

400 

20:200 

70.SU0 

9,5o0 

116,000 

31.400 

25,6110 

32,600 

40,600 

<0,2ilU 

4«.9ilO 

60.800 

4,100 

51,9ilO 

•76,900 

134,rOJ 

24,=0J 

5,200 

[■.■HIO 

7,1'UO 

2,ll'0 

169,M0 

7,(00 

70.iV() 
593,700 
119,21 0 
■  l.kOO 
37.1011 
2,800 

jsi.goi) 

1.500 


2,  31800 

l,7ii9..00 

1.1=2.100 

3,:  02.600 

(.,■0,800 

1.7*1,000 

2.'iS,7U0 

7i7.100 

2,96.i,l  00 

8;4.4O0 

49-,S00 

451,1100 

333,100 

ll.(,400 

4f,9,i  00 

307.100 

1 ,625,200 

3  03',iO0 

2,361,200 

8T2.0O0 

927,700 

691.800 

417,1*00 

on.-oo 

196,700 
616,000 
.571.200 
6M,000 

2,0  9.00(1 
?.0!t,-00 
367,100 
.^6i,^C0 
•2.if,100 
718,510 
996,010 
827,000 
1!«.?00 
6'3.000 

4.440,500 

S.IWMOO 
27.1,700 
!79,3i0 
162, WO 
16-1,01 -0 
I7S,7O0 

3.183,400 

l.«S1.000 
S>-8.000 

l,28i.6(lo 
!'l,i,7;  0 

4,3  r.  ao 
210,200 
487,000 
215.200 
830,010 
720,100 
S33,70D 


19.47' .5110 
9,673.600 
?,246,lOO 
5,9i'0,»00 
3,681,400 
8.8!il',200 
8,I57,6<0 
6,03S,-«) 
2.114.300 
1.291.500 
8.615,1(0 
3.173,1'.0 
2.l<'l-,0:)0 
1,6)6, (00 
1 ,2'>4,2|i0 
l.OOl.JOO 
2,»O4,300 
l,(K2.ni0 
3.441.'200 
9.7 10,1V  0 
8,467.400 
3,547,800 
3,764,800 
2,101,000 
f, 027.700 
3,44  .5(0 
1,152.500 
2.7 'S,:™ 
2,755,600 
2.171.000 
J.8 1.5,000 
1,567.000 
2.386.71'0 
1,999,(U0 
1,01  ,fW 
3,132.3  0 
1,818,800 
3,73.(,:iO 
1,170,200 
y,l59,0lKi 
17,986,200 
16,8S:i,'i0t' 
!'4.2U0 
679,700 
"-.5.700 
598.70(1 
6U.3<C 
12,'.35,71I0 
6/i!'3.0O0 
1 .557.1 1* 
ft,.'4H,ri(IO 
6.460.0.10 
7,i79.6!iO 
96.5.400 
1,104. *0 
9M.000 
1,0»T.I«10 
8.:'42,9(i0 
1.693,900 


Clrcnln- 
tlon. 
I5.-00 
9,50C 
458.500 
873,700 

"i,m 

£41,100 
7S2',6C6 


BW,!!  00 

las.oco 

170.000 
193,700 
2,700 
257,900 
1S4.70O 
8:5j((0 
418.000 
1.818.000 
f93,90O 
225,010 

460,060 

27.S41'0 
5,5(10 

2?'2.S66 
1-26,1  (10 
88J,0«0 
138.8C11 

3,900 
188.5(0 
753.800 
741,800 

t.HO 
439.5(-(i 

4,0(0 
20.t,f(iO 
4-3,2f0 

aoV.iijb 


192.0(10 

2,073,316 
1,293.000 
135.110 
5*J).X1 
45.000 
49.1(10 
•27',',"!  II 
t.70,3''0 
2-J5.000 
180,00(1 


,Dec.     1441.000 
.Inc.        179.50.) 


Total »31.'  3?.'200  f23r,6l6.3O0    |7.269.2iO  167,321,300  r23J,l39.410  f  17,934.300 

The  deviations  from  the  reiuroB   of  the  previous  week  are  as 

follows : 

Loans f>e«.     »I.-«,6X)|  .letDepiiKii 

c;pecle    Dee.        n7.'«ll/    Circulation 

Legal  Tenders I'ec.        eiR.l'X)! 

Tbetollowing  are  thetotals  for  a  series  of  weeks  past 

Legal  "•"■"■ 

lenders.       Denoslts. 

70.r>08.700       2l'..ii;il.lll0 

70.6"«.310        243,768.800 

(,!),!  85,200       21'.i'»'l.'200 

67,93S,000       239,830.100 

67,321.900       239.139,400 


Loans. 

August  28  2v2..i3*.'i00 
S-pt.  4  ...  •282,3i4.3ilO 
Sept.  11...  -28:i,14i.2(lO 
Sept.  18...  282.071,>0O 
Sept.  23...    '231,616,200 


Specie. 

12.11 1-.IOII 
10.210.300 
ll.37S..'00 
7,386,500 
7,269,200 


Clrcn- 

Istlon. 
11.021.01 '0 
18,121.400 
17.7=6.600 
n.7)1..^00 
17,934,300 


Aeprepato 
Clcarlnef 

81-2.1(5  501 
Sbl.9l?,665 
S52,l-26,li)l 
411,149,137 
403,863,314 


October  2  1876  ] 


THE  CHRONICLE 


3h) 


••■toa  Baa 
Nkttonal  Banks, 
S^pt.  27.  IS75 


H«> — Below  we   KlTe  a  ■wtement  of  the  Boslo" 
M  raturned  to  the  Clearing  Bouse  on  Monday, 


Maftoes.. 


SlfaSwH 


•iaujai* 


^]i 


fipcela.  L.T.  Note*. 


IJC« 


CMtt»l 

GilatnbUa — 
0>aUQ«BUl« 

«t«ot 

|Tsr«it. 

fuwUBaU. 
rr—mtm'*.... 

WOK*  

HualllM 

Uowftrd  

H*a*r*et*nn'_... 

M<rMt 

MuMckaMtts. 

Mtvaiiek  

M'*r^liasu* » 

M««n>ro'llsB  

M>«a>  Vwa«a  .... 

H*w  Kaclaa4 

Vonb 

Old  BoMoa 

4a*«a«i  

SnoA  a  Laatatr 

•mi« 

I««'>IK , 

rrft4«r*' 

frataoat 

Wi«ainctoa 

rint , 

SaeoBd  (Oraatto. . 

Third....; 

Faorth        

B«ac  orcoaiaarea. 
Baakor  !<.Am«tI«i 
vt  of  Ro4<tinai)o&, 
•«ak  of  Kaaaklic 
Ooa  ava  vaaltk . . . . 

Olty 

■•ala 

Scckaata. 

ai4<  a  CMtkat*  ... 

B«Tar<  

■  •earin 

(falsa. '. _.... 

W«t»Mr 


IJ 

1.1 


>.  I, 


iJWJM 


•MJH 


■  MajM 

^)8S 


gun 

MStJU) 
l^tUJOO 
UWJUI 

un.]w 


t.9«.«a« 

1M.H* 
I 


msjos 

UK.OT 
»,MJW 

t.najc* 

IJ3MOQ 
I.»»VJU» 

MB  (A* 

4,MT.W 


BOSTON,    PM1L&D8LPHI&,  Bte.-Coatlaae«. 


VM  >M.i« 

US*  ntM 

i>.M»  •o.m 

•AM  M.M 

IIMI  MMM 

•.<M  wum 

1.4W  :«•)• 


LtTiJOO 

i.lllMS 


S    SJS 


V»8    ^&iS 


LJisjn 
tSsS 

ijSiS 


t.l«*.«D 

I.IM.«« 
UI'.US 
MM.VS 

MSt.»> 
Ta.aa 


--^        l!».>«Q 
LMs        IIRJM 

PM»      tSMia 
•i-Sl 

17JMI 


I.M 


MAM 


•i.ise 


SMAM 


IIUW 
l.l».l«0 


•K.-M 

lauK 


«!.•« 


*•*( 


lt.<«» 


iai4 


tni 


ifii 


iJi 


M*.a< 

•s«.ar 


Total-.. «l«.tM.MS    flM.1DI.eX.     tMlW     njSIMi    MI  r*.IC«  (|IJfl.;» 

Tkatef^  aiBoaal'-d**loeth«raaa«i."MR<rnai<acaiot  i-fi.  r..it  iii.Mi.iiB 
The  deriatlons  from  last  wMtk'a  returns  are  sa  lolluws: 

Laaa* Uacraasa.    «^;kb  i  Deeoalu laarMM.        MX 

*Mela  '  ■  V Paaraaaa.     M.»a   Olraalatloa. -Jaeraass.     ll.J» 


•  Kot  r«e«lT(4— taaa  a*  laat  waek. 

The  tollowlaK  "*  the  totals  for  •  •erles  of  weeks  paat: 
»•>•.  >•'*■■:_      SP"'*.    Lao'Taaeera.   Oaasatia.  Clrcalaaaa. 

s«»i.u >*S!S9        ^i--*       MMM      JlS**       MAW 

s«'t.  n lu.mjm         tm.m        vmfS       r^.iv        u.ncM 

Plilla4elylila  Maaka. — Ttit  roUowinx  fa  Itie  avara((«  roo- 
litloQ  of  ihx  Phila<i«lpbla  National  Banks  for  the  week  prMrd- 
inir  Hon  Jay .  Sept.  37.  1875 :  Total  ax 

it*a«>  ;»yi>al.      boaat      •A'eia.    I^Taaao.Ov^MUaUiaalafk. 


-^         tM.Mi.aStM.iaVM    tIAMt    IMJAM*    tMJK.«ll   |IIJM.Mi 

ItixlTlatiOMrroMtharwturnsel  piailoM week  are  aa  follow*: 

■  at.   f.r.Mi ■  Omptmu. lae     IMWM 

t..#       '.OMlOiraalattoa l»«c.       «,n( 

w«v«  r         V),Mt 

T'  ''>tala  for  asertaeof  weekepaat : 

">  SMCia.  LaoiTaaaar.     Oaoaiis.  CtraalaOae 

^l  »  — - *Mfr9  *"••!         '**•»•«         ••««»«»  lIMTUn 

sapi.ii..      ..    mmM         *«>.•«       umijm       mju^        ilioi^m 

*»«  !"  &&M         '"•«'•       itJE/*       •.Msju        lU-eS 

tpt  '  m[wjm         tM.t«       umM*       tummi        u.v 


•BOO  am  aa. 


Bid.  Aik 


PHILADBLraiA. 

•TATa  AID  OITT  BOXD*. 

PfiansylTaaU  St.  coop 

ao  do    rcrf 

d«  <t,10-19,  2d 

do          do      l»-M.  M.. 
nnadalpbtk  to.  dl 

do  ta,  new 

ailscbaaj  ConntT  9t,  coup.. 

nitabertU 

do       5a - 

do      t 

Haw  JeracT  sute  M.  BxenpU 

Camitn  Cojnty  •• 

>amdeaClir7> 

l>«lAa  ar^  t» 

HarrUbarcCltjlt 

aAiLBOAD  aroOKt. 
Camdaa  a  Atlantic 

do  do      praf 

Catawlua 

do        pre! 

do        sew  praf 

Clalraa  wiiiluiKport 

KiBlraa  wiliumiport  pref. 

Batt  PeaatTlTtnla 

Haaltac  loo  a  Broad  Top  . , 
do  do    praf. 

Lafclaa  V>llar 

Unla8olinTlun....„ 

Miaahlll 

■aa<eakealn«  Tallay 

BorrlMevB 

llartBMv  CesuaL 

■ortk  P^saajrliaaM 

OaCtaakaXUackaay  lUTcr 


(CO! 


II  loiirM.  PHatiBbrm  ani  itiii  cmii. 


■aSTMR. 

MSIaala 

faw  Maaas«ilra.«a 

Tanaoall*    

MaaaaakaaaWaM.  «e4d.. 


lUlH 


101  i.' 


aaovsmss. 


TsfMsai  *  Maaa..  lat  M.  «,■«. 


aiak.*  ToaakaM  ■  :• 
ffi  lanilar- 


£,.SgS'"*l 


BeaUaAamaa/Moak 

Baatoa  a  Lowalt  ataek 

Maioa  a  Maiaa 

toatoe  a  rruTidaae*  

" _<>i.M»-*a  ■akeaaka 

^*  «»aiiii^.;;:.i 

k  l:lav.*t..rk 


»'U>ra(.*law  Hamp* 

b*)»ra    ...    .  . 
.  .''^t*i«ra  Lavt*!.'.^ 

»haaa  Lawan 

rikwa  o<  Raw  Ranpahlr*. 

'.rvteka  woraaaiar    

tvtaaa.  a  u  Caaar<aia 

\m4j!U, .-. .  r'::.. 


BM.  Aak 


iOKlit: 
mkiuM 

a  I  t<K 

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at 

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roaLsri*^— 

ralladalphia  a  krie  .... 
PnUaidvlskua  KcadlBs. 

PhUadelpbla  a  Tranton 

PkUa.,  Wllmlaa.a  Balilmora. 

OMwiK.J.Caapaaln.  

WtstCk'atar  coaioi.  praf 

WaatJaraav 

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l.ihlBk  Ma^lcaUoB.. 


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kaylk 


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do     lac.  Itrad.*** 
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da  do      M  M.  ta,ts 

d«  do      MM.ta.t: 

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a  AUaa.  lat  B,  la,  a.  ita 
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Ca>o  a  Bartt«r oa  Co.  U,  ■»!, 


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latata. 


Lata  lat 


?.&.& 


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de      t4Mert..a,  *TS... 
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de       M       do  IMS(B) 

de  de  to  raa.lMi 
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da       do    aPb-M  

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do  do   Id  Uort.  MM 

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BALTimeRB. 

Mtrrland  <>,  deience,  J.  a  J..  :I0H  lit 

do        ta.  exempt.  1;<87 r.n 

do       ti,  1!W.  quarlerty...  IIMX 

do        St,  qnart«rlT 

Baltimore  ta,  1M4,  anartrrly. ..  IDS 

do        ta.ldM,  J.  aj IDS 

do        •«. ino,  quarterly...  lOSK  UBX 
do        <t,Park,  ti«>,  Q  — M.  I(B 

do        •a.l-U.M.as. U« 

do        •a.exenpt.'n.MJie  lOS 

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do        «•.  IMX,    do    109 

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do         Waab.  Rntrch..HO 
do      Parkeraburg  Br.  9i 

Northern  Central 90 

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Cenlraitlilo 90 

PIttabnrah  a  CouiellaTllle.  90 

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M.W.Va.,  M  M.'inarV'iS,  J  AJ 
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UalonPR.,  lat  tntr..  J  a  J., 
do        Canton  aadoraad.. 
MiacatXABBora. 
Baltimore  Oaa,  certlflcata* .... 

Paopla^i  Oaa 

WAMHINOTON. 

iMatfld  ar  OolumMa. 

Para.  Imp..ta.a,  J.aJ,  :8ll. 

do         la.  !!<»!  

Market  Block  booda.  7t.  IMU. . 

WatarBtoek  bonda  7a.lin... 

7<.1WI... 

raad.  Loan  (Copr  )  i.tea.  IW 

Vot'lairbM. 
•  yaarCan..:a-iu,  IKS  .  .... 
ran  year  Boada, aa.  lITt. .  .^^. 
raad .  Loas  (Cone  )  I  (.  INI. . 
raad. Loan  (Ufl.u.(,im.. 
(;aia.ot8ueL  iiti)  9a,  at  plea 
••  •*     <IStt)la.atplaM 

Cbea.  a  O.  afk  (■(-;)  la,  at  plaaa. 
OaorpMotni. 

Oaaaral  ktoek,!..  IMl 

do  fa,  at  plraaora. 

aoontT  atoek,  ta.         do 
Mukat  Block,  fa.  d> 

Board  of  Pablle  Worka— 

Cera.  Oab.Iap.la.ini 

<*o  IKS 

do  IKI 

Ie  tm 

do  iffn 

do  Serlea. 

<;artltcat<a.Bavar,  M.li;t-7I. 
Waiar  CeniOcataa,M,  1177... 
CINflNNATi. 

Ciaelanatl  Sa 

do         It 

do         7a 


iS** 

9 

<1M 

t 

:ot 
lot 

lOJ 
MK 
IVI 

mt 
Kk 

Mk 
lot 

87 
Ul 

iia 

101 
M 
Mk 

io 
II 

105 


180 
ISO 

II 

10 

f 
an 


H 
M 
M 

fik 
m 

M 

H 

■ 


ClsaUaatl  BosOi'b  HK.  7.Ma  • 
Haa.Co.,Ufclotp.e.  one  bda. 
do  do  7p.e.,ltoSjrr<. 
do  do  labdi,-!  aTJDi 
CIS.  a  COT.Brlose  atoek,  pre! 
do  l>oada,looR. 
Cla.,HaiB.a  D.,latMM7,M... 
do 
do 
Cla..  Ham. a  lBd.7>  aaar  . 
Ola.  a  Indiana,  lat  ll.,7...^ 


do  "id  »I.77.''M.." 
do       MM..f.17... 


,l»77. 


'.i" 


do  do  Id  ai..7,ian.. 
ColBa.,a  Xania,  lai  M..7, 10. 
DayMeaMlcb..  lat  M.,7    •!.. 

do  do        iAM..-.V.. 

do  do       IdM^rM.. 

de  To'do  dap.  bda,7,'»l-'M. 
OaytoB  a  Waat.,  lat  H.,  IMI. .. 

do         do       latM..  I«.. 

do  do      lat  M..  I.  IMS. 

lBa..Cla.aLar..latM.,7 

do  (I.ac  llat  M.,7,IM» 

Uttia  Miami,  t,  im 

Cla.  Haai.  a  Daytaa  atoak 

Colamboa  a  Xania  atoek 

Oartoa  a  MiekiRBB atoek .... 

do         I  p.  Clint  (Bat 

UtUa  Mlaal  atoek 

i,«i;iiivii.i.B. 

LaslaTlllala,'ntof7 

do        M,f7lo'M i^. 

do        WaUtM.Tito'il. 
do        WaurBto<rk  la.  f? 

do        Wharfta 

do  aaoolal  lax  ta  or  "M 
Jar..Mad.ri:iatM.(iaM)7,li 

do         do   id  M  ,7,. 

do         do   lat  M.,7,1IM... 

LoaMa.C.  a  Lex .,  lat  li ./I. ;n. 

loaM.a  rr-k.,  lat  M.,1.  *»'";«. 

do       LoalaT.  Loaa,  t.  fl 

L.aHMfc.latM.(m.a.)  7/77. 

do    Loa.  I,oa<i  lia.B.)t.  V.  < 

do      (Lab.Br.)!. 


do 
do 
do 
de 
do 


lalM .  (Mea.  Br)7,*»-19. 
. (Lab.hr. ax>7,  tD'tti 


ItlM _ 

Lon.  L'nCLeO.br.aiilf.'M 
oo    Cotiaol.  lat  M..7.  IfM.. 

Jeffanon.,  Mad.a  lod 

LoBlir..  CIn. a  Lai.,pra(... . 

do           do         ooaaea. 
LoaUTllla  a  HaahTlUa 

LOOIS. 

•I  Loala  la,  Loaa  Boada 

do       Watet  M  s«l<1 

do  do      do(aev)i' 

de  BrldR*  Approach  f-la' 

do  Renewal  sold  <t ■ 

do  8ewer(.la('lno1l'M)' 
BLLaolaCo.oew  Parks.ta.. 

do         cT,  7a ' 

AUa  Paelllr  (oar.  land  sraau 
do      U  M.(tnndcd).. 

•  And  Inlaraat.      


l«' 
•I 
lOS 


lot 

n 


110 
■,ou 

ll2 
MX 


1(6 

■Of 

fj 

IIV 

101 

IIS 

N 

ut 

MH 

m 

to 
n 

,4 
101 
1111 

II 

M 

M 
MOO 

M 

7« 

71 

M 

M 

ta 

M 

It 
IM 

M 

s* 

to 

•0 

•I 

M 
M 

.0 

KfH 

■» 

m 

M 

K 


W 
•0 

w 


» 

M 

:m 

itn 

IM 
N 
101 
l(B 
IM 
M 

:m 

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114 

n 
ft 

7t 

III 
IM 

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n 
10) 


7* 
»4 
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90 
M 
tt 
101 

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•I 
fl 
•I 
fl 
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71 

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If 

M 

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4 
MM 


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im 
in 


100 
IMk 


l«<H 


S20 


THE  CHRONICLH 


[October  2,  1875. 


GENERAL  QUOTATIONS  OF  STOCKS 
XJ.  8.  Bonds  ana  active  Railroad  Stock*  are  qttoted  on  a  prtvunif  vaq». 


AND  BONDS  IN  NEW  YORK. 

Prirtm  rfnrm'nf  ihi  ver  tent  tialni.  feha'ener  the  ww"  wiiv  he 


nnr^nmwn. 


>iate  Houcta. 

\Ubama58, 1883 


do 
do 
do 
do 
do 
do 


6a,  18M 
8t,188«.. 

8»,1888 

ea,  Mont.*  Hot  la  B. 
8a,  Ala.  *  Chat.K^.. 
St of  I8«.. 


Irkanaaa  <a,  f  nnded , 

do  7«,L.  R.  ft  Ft.  8.  IM. 
do  7a,  Memphla  ft  L.  B. 
do  78,L.B.,P.B.*N.O. 
do  7«,M188.0.  &B.Bly. 
do       78,  Ark.  Cent.  R. 

CalirornlRis 

do        7b,  large  bonds.. 

ConnectlcutOs  

Oeorgia  68 

do       78,  new  bunaa.  .. 

do       7»,  endorsed 

do       78, gold  bonds... 

Indiana  5b 

Illinois  6a  coupon,  18T7... 
do  do       1»™  .. 

ao       Wnrloan 

Kentucky  68 

Loalslanii  68 


do  new  bonda.. 
do  new  floating  debt 
78,  Penitentiary.... 

6b,  levee  bonds 

88,        do  .■■.. 

88,         do  1875. 

8a! of  1910. 

Michigan  68, 1878-7* 

do       68,1883 

do       7s,lS90 

Hltsonrl  6s,  due  In  18^ 

do      do  1876 

de  1877 

d«  1878 

do  1879 

do  1880 

Funding  bonds  due  In  1894-5. 
I^ng  bds.  due  '81  to  '91  Incl.. 
Asyumi  or  UnIverB..dne  1892. 
11  an.  ft  St.  Joseph,  due  1875. 
do       do  do  1876. 

do       do  do  1886 

do       do  do  18Si 

Few  York  Bounty  lyoan,  reg 


do 
do 
do 
do 
do 
do 
do 


do 
do 
do 
do 


do 
do 
do 
do 
do 
do 
do 
do 
do 
do 


do  conp. 
6b,  Canal  Loan,  :87J. 
6b,         do  1877. 

6b,         do  1878. 

68, gold  reg....l887. 
6b,  do  coup.. 1887. 
loan..  1888. 

do   ..1891. 

do  ..1875. 

do   ..1876. 


6b 


do 
.  do 
5b,  do 
SB,   do 


Morth  Carolina 6b,  old,  J.  &  J. 


A.  ft  O. 

N.C.KR....J.&  J. 

do  ...A.  &0. 

do  coup  off. J.  ft  J.. 

do    do  off  .A.  ft  O.. 

Funding  act,  1866... 

do        1863... 

New  bonds.  J.  ft  J., 

do  A.  ftO., 

Special  tax.  Class  1, 

do         01888  2, 

do      Class  S 


do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 
Ohio  6s,  1875, 

do    68,1881 

do    68.1866 

Rhode  Island  6b 

Bouth  Carolina  68 

do      Jan.*  July 

do      April  ftOct 

do       Funding  act,  1866... 

do       LandC,1889,  J.&  J. 

do       Land  C, 1889,  A.  &0. 

do       7b 0fl8«8. 

do      nonf  undable  bonds, 
Tennessee  68,  old 

do       do  ex  coupon 

do       do       do  new  eerlee 

Texas,  10s,  of  1876 

Virginia  bs,  old.  .... 

do       do  new  bonds,  1S66.. 
do       do       do  18ff(., 

do       do  consol.  bonds — 
do       do    ex  matu  d  coup 
do       do    consol.  2d  series. 
do       do  deferred  bonds.. 

BlBtrlct  of  ColmiiMa  S.658 

KailroHd  Mochn. 
(Aclli'e  prerirmau  qvoted.) 

Albany  ft  Susquehanna 

Central  PacIHc 

Chicago  ft  Alton 

do  do    pref 

Chic.  Bur.  ft  Qufncy 

Cleve.,  Col.,  Cfn.  ft  indlanap. 
Cleveland  ft  Pittsburg,  guar.. 

Dubuque  ft  Sioux  City 

Krle  Iiref 

HRnnllml  ft  St.  Joseph,  pref... 

1  Ubiole  Central 

Intnanap.  cln.  ft  Lafayette — 

Joliet  ft  Chicago 

Long  Island 

Uarletta  ft  Cln.,  Ist  pref 

do  2dpref 

Michigan  Central 

Morris  ft  Essex 

Missouri,  Kansas  ft  Texas.  . 

New  Jersey  Southern 

N  Y.,  New  Haven  ft  Hartford. 

Ohio  ft  .Mississippi,  pref 

Pacific  of  .Missouri 

Pitts.,  Ft.  W.  ft  Chic,  guar. . . . 
do  do    special. 

Rensselaer  &  Saratoga 

Rome.  Watertown  ft  Ogdens. 
St.  LoulB,  Alton  ft  T.  Haute. . 
do  do  do       pref 

Belleville  ft  So.  Illinois,  pref . . 
Bt.  Louis,  Iron  .Mount,  ft  South. 

Toledo,  Peoria  ft  Warsaw 

Toledo,  Wh1(.  ft  WcBtern,  pref 
raiscelluiteonh  ^toi  k* 
American  District  Telegraph, 

Boston  VVrtter  Power 

Canton  Co..  Baltimore 

Cent.  N.  J.  Land  Improv.  Co.. 

De.aware  ft  Hudson  Canal 

A'"«ricftn  »,OHi 

Copsoiinatlon  Coal  or  Ml 

lilurlposa  L.ftM.  Co.,  abs't  paid 
do       do  pref     '* 

Cumberland  Coal  ft  Iron 

ICaryland  Coal 

K9nn8ylvanla  Coal 

8prlng  Mountain  Coal 


\0i 
10. 
li>6 
WIX 
101  >, 
101  >i 
lOlX 
101 V. 
101  s 

lie' 


101 H 

101>i 
HI7 


19 
19 
SO 
50 
85 
35 
10 
10 
10 
10 

3 

3 

i% 

van 


Win 


102k 
102  i» 

iu;>4 


3X 


107JI 
2l> 
28 
•t* 
28 
28 
28 
29 
5 
iiX 
«>i 
H\ 
99^ 
«ih 
40>i 

tay. 

6oj4 
63>, 
49* 
9 
61 


ICO 
92X 


Vi\ 


57 


143)4 

9:v 
lio" 


45 

li9J« 

45" 

10 

11 


9SX 


57)1 
105 


98X 
.9J 


Railroad  Bonds. 

{Stock  Erchange  Priret.) 

Albany  ft  Sosq.,  lat  bonds... 

do  do      2d     do    .,, 

do  do      8d     do    ... 

Boston,  Hartf .  ft  Krle,  Ist  mort 

do  do  guar  — 

Bur..  C.  Rapids  ft  Minn.  1st  7s.  g 

Chesapeake  ft  Uhlo  66,  Ist  m.. . 

do  do        ex  coup 

Chicago  ft  Alton  sinking  fund. 

do  do     1st  mort 

do  do     Income 

Jollet  ft  Chlctigo,  iBt  mort 

I..oul8lana  ft  Mo..  1st  m.,  guar. 
Bt.  LouU.  Jack,  ft  Chic,  Ist  tu. 
Chic,  Bur.  ft  Q.  8  p.  c.  Istm... 
do  do    consol.  in.  78 

Chicago,  Rk.  Island  ft  Pacific. 
do        S.  F.  Inc.  6s,'95 
Central  of  N.  J.,  Ist  m.,  new. . . 

do  do      Ist  consol 

do  do     con. conr 

Am.  Dock  ft  Improve,  bonds. . 
Lehigh  ft  vt  likes  U.  con.  guar. 
Mil.  ft  St.  Paul  iBt  m.  88,  P.  D. . 


BsorrmiTiH. 


do 
do 
do 
do 
do 
do 
do 
do 
do 


do  '7^10  do 
7s,  gold,  B.  D. 
Istm.LLaC.D. 
lstm.I.ft.M.D 
l8tm.  I.  ft  D.. 
Ist  m.  H.  ft  D 
Istm.  C.  ft  M. 
1st  Consol.  ... 
2d  m.      do 


Chic,  ft  N.  WOBtern  sink,  fund 


do 
do 
do 
do 
dp 
do 


int.  bonds, 
couBol.bds 
ext'n  bdB 
Ist  mort. 
cp.gld.bds 
reg.  do 


Iowa  Midland,  tst  mort.  88 
Galena  ft  Chicago  Extended.. . 

Peninsula,  1st  mort.,conv 

Chic,  ft  Milwaukee,  1st  mort.. 
Winona  ft  St.  Peters,  1st  mort. 

do  do  2d  mort.. 

C.,C.,C.ftlIia'B.l8tm.7s,8.  F. 

do  Consol.  m.  bonds 

Del.,Lack.ft  Westcrn,2dm.  . 

do                   do      7e,  cony 
Morris  ft  EBBex,  iBt  mort 

do  do      2d  mort 


do  do     bondB,  1900 

do  do      construction 

do  do     7sofl871 

do  do     1st  con.  gold. 

Erie,  1st  mort.,  extended 

do       do  endorsed 

do     2d  mort.,  7b,  1879 

do     Sd    do      78,1883 

do     4th  do      78,1880 

do     5th  do      78,1888..  .... 

do     7s,  conB.  mort.  gold  bd8. 

Long  Dock  bonds 

Buff.,  N.  Y.  ft  Erie,  1st  m.,  1877. 
do       do         do    large  bds  . 

Han.  ft  St.  Jo.  land  grants 

do  do  8s,  conv.  mort. .. 
Dubuque  ft  Sioux  City,  Ist  m.. 
do  do  2d  dlv. 

Cedar  Falls  ft  Minn.,  Ist  mort. 
Indlanap.,  Bl.  ft  W.,  1st  mort, 
do  do        2d  mort., 

Mich.  So.  7  p.  c.  2d  mort 

Mich.  8.  ft  N.  Ind..  8.  F.,  7  p.  C. 
Cleve.  ft  Tol.  sinking  fund... 

do         do    new  bonds 

Clevc,  P'vIUe  ft  Ash.,  old  bds. 
do  do     new  bds 

Detroit,  Monroe  ft  Tol.  bonds. 
Buffalo  ft  Erie,  new  bonds.... 

Buffalo  &  State  Line  78 

Kalamazoo  ft  W.  Pigeon,  lat 

Lake  Shore  Dlv.  bonde 

do  Cons,  coup.,  1st... 

do  Cons,  reg.,  iBi 

do  Cons.  coup^Sd 

do  Cons,  reg., 2d..,.., 

Marietta  ft  Cln.,  1st  mort 

MIch.Cent.,  consol.  7s,  1902  .. 

do  Ist  m.  8s,  1882, 8.  f. 

^io  equlpm't  bonds... 

New  Jersey  Soutneru,  Istm. 7s 

do  do     consol.  78 

New  York  ft  New  Haven  68 

N.Y.  Central  68,1883 

do  6s,  1887 

do  6s,  real  estate 

do  6e,  subscription. 

do  78,1876 

do  78,  conv.,  1876 

do  ft  Hudson,  1st  m.,  coup, 

do  do     iBtm.,  reg... 

Hudson  B.  78, 2d  m.  s.  fd.  1®6.. 

Harlem,  1st  mort.  7b,  coup 

do  do  reg 

North  Missouri,  1st  mort 

Ohio  ft  Miss.,  consol.  sink,  fd 
do  do     consolidated.... 

do  do     2d     do  

do  do     IBt  Spring,  dlv.. 

Central  Pacific  gold  bonds.... 
do   Ban  Joaquin  br'nch 
do   Cal.  ft  Oregon  1st. . 
do  State  aid  bonds 

do  L.  (t.  bonds  . 

Western  Pacific  bonds 

Union  Pacific,  Ist  mort.  bonds 

do  Land  grants,  7b. 

do  Sinking  fund. 

\tlantlc  ft  Pacific  landgr.  m. 

South  Pacific  UK.  bds.  of  Mo. 

Pacific  B.  of  Mo.,  Ist  mort.     . 

do  do  lat  Caron't  B. 

do  do         2d  mort 

Pacific  B.  78,  guarant'd  by  Mo. 

Pitts.,  Ft.  W.  ft  Chic,  Ist  mort. 

do  do     2d  mort. 

do  do     3d  mort 

Cleve.  ft  Pitts,  consol.  s.  fund. 

do  do     4th  mort 

Col.,  Chic,  ft  Ind.  C.  1st  mort 

do  ^(.    2d  mort.. 

Rome,  WateH'n  ft  Og.con.  Ist 
St.  L.  ft  Iron  Mountain,  Istm. 
do  2d  n 

^Itonft  T.  H.,  l8t  mort 

do  do    2d  mort.  pref .. 

(I)  do      2dmort. Income 

Belleville  ft  S.  111.  B.  1st  m.  8i 
Tol.,  Peoria  ft  Warsaw,  E.  1). 
do  do       W.  D.. 

do  do  Btr.  DlT. 

do  do  2dinj}rt.. 

do  do  conBol,7i 


x9»H 
US 

;o8« 

99 
UlH 

IWS 
109>, 


»4H 


90 

lUO 
87X 

82 
106 
9SJ< 

75 

ft5 

loe 

via 

111 


lOZH 


104  u 
104  >i 

98>< 
9a  >. 
9  X 
93 


108 
106  S 

102' 

lOOH 

100>4 

loO 

101 

xi'x 

101 


101 

103\ 

112 


lUO 
lUO 
100 

lie' 
us 
no 
UJV 

90)4 
83 


107  J, 

90x 
91 X 

x'M')i 

95 

104  X 
X9«)> 

91 


iiss 


106)4 
lOlX 
41 


90), 


11«X 
110 


}07X 
111 

9«X 


98)> 

lOiW 

^^ 
38)4 
86), 


•6)4 


117X 


lOSX 
106X 


?5* 


V.0 


lOSX 


i^ax 

104 


MX 


103)4 
10H>, 
103)1 

ioa>i 


121 
120 
112 
114 

96ji 

91' 
6Sx 


10414 
100 

91 K 


102 
113* 


102)4 
43 


saoTRITII 


Tol.  ft  Wabaah,  lat  m.  extend, 
o  do       iBtm.St.L.dIv 

do  do       2dn)ort 

do  do       equlpm't  bds. 

tlo  do       con.  convert. . 

Hannibal  ft  Naples,  1st  mort^. 
Great  Western,  1st  mort.,  1888. 
do  2d  mort.,  1898.. 

Qnlncy  ft  Toledo,  1st  mort.  1890 
Illinois  ft  80.  Iowa,  lat  mort... 
Lafayette,  Bl'n  ft  Miss.  Istm, 
Han. 4  Central  Missouri,  Istm 
Pekln.LIncoln  ft  Decator,  1st  m 
Cln.,  Lafayette  ft  Chic,  Ist  m. 
Del.  ft  Uudton  Canal,  lat  m.,  '91 

do  do  1884 

do  do  18T. 

Long  Island  BR.,  1st  mort 

South  Side,  L.  1.,  iBt  m.  bonda. 
Western  Union  Tel.,  Ist  m.7t. 

jnikcrllaneoiia  l.f>t 
cSroktrt'  QttolaUoM.) 

CITIK8. 

Albany,  N.Y. ,6i 

Buffalo  Water 

ao      Park  

Chicago  68,  long  dates 

do      78,  sewerage 

do       Is.  water 

do      7b,  river  Improvement 

do      7b,  various 

Cleveland  "b 

Detroit  Water  Works  7t.    . 
Elizabeth  City,  due  '95 


Hartford  6b 

Indianapolis  7'90b 

Newark  City  7b 

Oswego 

Poughkeep8le  Water 

Rochester  City  Water  bds.,  '93 

Toledo  7S0B 

YonkersWater,duel90S 

Atchison  ft  P.  Peak,  6s,  gold.. . 
Atlantic  ft  Pacific  L.  G.  68,  gld 
Atchison  ft  Nebraska,  8  p.  c... 
Bur.  ft  Mo.  BIv.,L«nd  m.  7s... 


do 
do 
do 
do 
do 


2d  S.,  do  7s. 
3d  8.,  do  8s... 
4th  S.,  do  8b.. 
SthS.,  do8B.. 
6th  8.,  do  8b. 


Bid. 


8J 
58 
51 

86" 
50 

K 

62" 

70 

60 

111)4 

1C2.S 

loe 

Bur.,C.B.ftM.  (M.dlv.),» 

Cairo  ft  Fnltonjst  7b,  gold  .. 

Calif ornia Pac.  BR.  7B,gold.. 
do  6b,  2dm., 1 

Canada  ft  Southern  1st  7s,  go! 

Central  Pacific  7s,  gold,  conv. 

Central  of  Iowa  iBt  m.  7s,  gold 
do  do     2d  m.  7b,  gold 

Keokuk*  St.  Paul  88... 

Carthage  ft  Bur.  88 

Dixon,  Peoria  ft  Han.  8s. 

O.  O.  ft  Fox  E.  Valley  8s. 

t3ulncy&  Warsaw  8b 

Illinois  Grand  Trunk 

Chic,  Dub.  ft  Minn.  8s... 

Peoria  ft  Hannibal  B.  8s.. 

Chicago  ft  Iowa  R.  8b.... 

American  Central  8s , 

Chic,  ft  S'thwestern  78,  guar., 

Chesapeake  ft  0. 2d  ni.  gold  78 

Col.  ft  Hock.  V.  1st  78,  SO  years 
do  dp     Ist  7b,  10  years 

do  nb     2d  7s,  20  years 

Chicago,  Clinton  ft  Dub.  8s. . . 

ChlcTft  Can.  South.  1st  m.  g.7s 

Ch.  D.  ft  v.,  I.  dlv..  Ist  m.  g.  7b. 

Chic,  Danv.  ft  Vlncen's  7s,  gld 

Connecticut  Valley  78 

Connecticut  Western  iBt  7b.  . 

Chicago  ft  MIcli.  Lake  Shore 

Dan.,  Urb.,  Bl.  ft  P.  1st  m.  7B,g 

Des  Molues  ft  Ft.  Dodge  Ist  7b. 

Detroit,  Hillsdale*  In.  RR.Ss, 

Detroit  4  Bay  City  8s  guar.... 

Detroit,  Eel  River  ft  111.  8b 

Det.,  Laos,  ft  Lake  M.  1st  m.  8a 
do  do     2d  m.  8b 

DutcheSB  ft  Columbia  7b 

Denver  Pacific  78,  gold 

Denver  ft  Rio  Grande  78,  gold 

Evansvllle  ft  Crawfordsv.,7s. . 

Krle  ft  Pittsburg  Ist  7b 

do  do         2d  7s 

do  do         7s,  equip 

Evansvllle,  Hen.  ft  Nashv.  78. . 

Kllzabethtown  ft  Padu.Ss.con. 

Evansvllle,  T.  H.  ft  Chic.  7s,  g. 

Flint  ft  Pere  M.  7s.  Land  grant. 

Fort  w.,  Jackson  ft  Sag.  Ss 

Grand  R.  ft  Ind.  1  st  guar  78 , . . 
do  Ist  L.  G  7s... 

do  iBt  ex  L.  G.  7b 

Grand  Blver  Valley  8b 

HouB.  ft  Texas  C.  tst  7s,  gold. . 

Indlanap.  ft  Vlncen.  IstYB,  guar 

Iowa  Falls  ft  Sioux  Cist  is... 

Indianapolis  ft  St.  Louis  7s — 

Houston  ft  Gt.  North.  iBt  78,  g. 

InternallonHl  (Texas)  Ist  g.    . 

Int..  H.  ft  G.N.  conv.  88    

Jackson,  Lansing  ft  Sag.  8s — 

KansaL  Pac.  78,  extension, gold 
do  7s,  land  grant,  gld 
do  7s,  do  new  gld 
do  6B,gld,  .luncftDec 
do  6b,  do  Feb.  ft  Aug 
do  7s,  1876,  land  grant 
do  78,  Leaven,  br'nch 
do  Incomea,  No.U... 
do  do  No.  16... 
do        Stock 

Kalamazoo  ft  South  H.  88,  guar 

Kal.,  Alleghan.  ft  O.  R.  8B,guar 

Kansas  City  ft  Cameron  10s... 

Kan.C.St.  Jo.  ft  C.B.Ssof  '85 
do        do  do    8s  of  '98 

Keokuk  ft  Des  MolneBlBt7s 

do        iBt  coup,  Oct., '76 
do  funded  Int.  88 

do  pref.  stock... 

L.  Ont.  Shore  BR.  iBt  m.  gld  7s. 

Lake  Sup.  ft  Miss.  Ist  78,  gold. 

Leav.,  Atch.  ft  N.  W.  78,  guar.. 

Leav.,  Law.  ft  Gal.  Ist  m.,  10s. . 

Logans.,  Craw,  ft  8.  W.  8s,gld. 

Michigan  Air  Ltne88 

Montlcello  ft  P.  Jervls  78,  gold 

Montclalr  1st  7s, gold 

Mo.,  Kansas  ft  Texas       gold.. 

Mo.  B.,  Ft.  8.  ft  Gulf  Ist.Tl.  lOe. 
do         do  do    2a  m,  10s. 

N.  Haven,  Mlddlet'n  ft  W.7s.. 

N.J. Midland  lat  7b,  gold 

do  M7i 


:ci 

106 

106 

98 
M 
104 
104 
lOSX 
lOIH 
106 

96 

98 
102 
100 
107 
103 
104 
108 
103 
104 


20 
105 
108 
108 
108 
108 
1(19 

22)4 

55 

70 

io' 

Iffih 
32 

lOi' 
104 
104 
104 
104 
104 

25 
10* 

92 
101 

ts 

92k, 
92    I 

80' 
16 

38 
29 
92 
60 
25 
32 


SO 

I  53 

95 

85 

75 


107 

107 

104X 
104  >4 
104), 

I05X 
10614 

97 

99 
103 
I'B! 
108 
101 
103 
106 
103 

log 
so 

45 
SO 


30 
100 
70 
60 

3.V 

S2X 
51 
100 


8j 
60 

84' 

70 
107 

80 

65 
100 

79 

95' 
82X 
63 
60 


«5 
72 

65' 

20 

16 

llX 
100 

96 
100 

50 

90' 
75 
95 
25 
60 


22 

nx 

106 
40 

SS 
TO 
40 
37 

gx 


SBOTTRITIEa. 


N.  T.  ft  Osw.  Mid.  Ist  7s,  gold, 
do  do        3d  78,  conv. 

Nortl .  Pac  Ist  m.  gold  7  3-IOt.. 
'»mat  a  A  SouthwpHtfrn  BB,  at 

Oswego  4  Rome  7b.  guar 

Peoria.  I'ekin  ft  J.  Ist  mort.... 

Peoria*  Kock  1.7s  gold 

Port  Huron  ft  L.  M.  <8.gld,end 
Pullman  Palace  Car  Co.  stock, 
do  bds,  8s,  4th  series 
Bockf 'd,  R.  I.  ft  St.  L.  I8t  78.gld 
Rondout  &  ( )swego  78,  gold. . . 

Slonx  City  ft  Pacific  68 

Southern  Minn,  construe.  88.. . 

do  78 

Bt.  Jo.  ft  C.  Bl.  iBl  mort.  lOs. . . 

do         do  8  p.  c 

St.  Jo.  ft  Den.  C.  SB,  gld,  W.  D. 


do 


do 


8s,gld,  E.  D., 
Sandnsky.Mans.  ft  Newark  7s. 
St.  Louis,  Vandalla  ft  T.  H.  1st. 
do  do  2d,  guar. 

St.  L.  ft  So'eaatern  lat  7b,  gold. 
St.  L.  ftl.Mt.  r  Ark.  Br.)  78,  g 
Southern  Central  of  N.  Y.  7s. 

Union*  Logansport  7s 

Union  Pacific.  So.  branch,  68,  g 

Walklll  Valley  1st  7b,  gold 

West  Wisconsin  78,  gold 

Wisconsin  Valley  8a 

Sonfliern  Secnrltles. 

'.Brokers*  Qwitntwns.j 

BT^TKS. 

Louisiana  new  consol.  78 

South  Carolina  new  consol.  68. 
Texas  State  tiB,  1877 

do        6s,  1891-2 

do        7s,  gold 

do       lOs,  of  1884 

do       10s,  pension 


CITIKfl. 

Atlanta,  Ga. ,  7b 

do       88 

Aognsta,  Oa.,  7s,  bonds 

Charleston  stock  68 

Charleston.  8.  C,  7s,  F.  L.  bds 

Columbia.  8.  C,  6s 

Columbus,  Ga.,  7s,  bonds 

Lynchburg  6b    

Niacon  7b,  Donds 

Memphis  old  bonds,  6e 

do       new  bonds,  6b 

do        end.,M.ftC.RR.  .. 

Mobile  5b, (Coups,  on) 

do      8s. (coups,  on) 

Montgomery  88 

Nashville  6s,  old 

do        6s,  new 

New  Orleans  5s 


consol.  6s  ..   . 

bonds,  7s 

gold  7s,  quarterly 

to  railroads,  6s. 


do 

do 

do 

do 

do 
Norfolk  6s 

Petersburg68 

Richmond  6b 

Savannah  7s, old  ...     ., 

do        7s,  new 

Wilmington,  N.C.,68,  gold, 
do  do     8s,  gold. 

RAILnOADS. 

Ala.  ft  Chatt.  1st  m.  8s.,  end... . 
Ala.  ft  Tenn.  B.  1st  mort.  7s. . . 
do         do  2d  mort.  7s  — 

Atlantic  ft  Gulf,  consol 

do  do    end.  Savan'h. 

do  do    stock 

do  do      do     guar... 

Carolina  Central  1st  m.  68,  g.. 
Central  Georgia  consol.  m.  7s. 

do  stock 

Charlotte  Col.  ft  A.  Ist  M.  7b..  . 

do  do       stock 

Charleston  ft  Savannah  6b,  end 
Savannah  *  Char.  1st  m.  78, . . 

Cheraw  ft  Darlington  78 

EaatTenn.  ft  Georgia  68 

East  Tenn.  ft  Va.  68,  end.  Tenn 
S.  Tenn.  Va.  ft  Ga.  Ist  m.  78. . 

do  do        Btock 

Georgia  RR.  78 

do  Block 

Greenville  ft  Col.  7s,  guar 

do  do    "s,  certif — 

Macon  ft  Brunswick  end.  7b... 

Macon  ft  Augusta  bonds 

do  do       endorsed — 

do  do       stock 

Memphis  ft  Charleston  Ist  7s. . 

do  do         2d  7s.. 

do  do  Btock  . 

MemphlB  ft  Little  Bock  Istm.. 

Mississippi  Central  Ist  m.  78. . . 

do  2dni.8s.... 

Mlaaisslppl  ft  Tenn.  1st  m.  7b.  . 

do  do     conBol.88. 

Montgomery  ft  West  P.  1st  8s. 

do  do  Income 

Mont,  ft  Enf  aula  Ist  8s,  g.  end. 

Mobile  ft  Mont.  8b.  gold,  end. . 

Mobile  ft  Ohio  sterling 

do  do       do     ex  certif 

do  do   8b,  Interest 

do  do  2d  mort. 88.... 

do  do   stock 

N.  Orleans  ft  Jacks.  Ist  m 

do  do    certif '8  8b.  . 

N.  Orleans  ft  Opelous.  Istm.  86 

Nashville  ft  Chattanooga 6b... 

Norfolk  ft  Petersburg  Istm.Ss 

do  do  78 

do  do         2dm.  8s 

Northeastern,  8.  C,  Ist  ra.  8s. . 

do  2dm.  Ss... 

Orange  ft  Alexandria,  Ists,  66.. 

do  do  2ds,  6b.  . 

do  do  3ds.  8b. 

do  do  4thB,  88.. 

BIchm'd  ft  Petersb'g  Ist  m.  7s. 

Etch.,  Fre'ksb'g  ft  Poto.  6s. . . . 

do  do  conv.78 

Rlcb.  ft  Danv.  1st  consol. 68... 

Southwest  Bli.  Uu  ,  Ist  m. 

S.  Carolina  RR.  Isl  lu.  7s,  new. 

do  6s 

do  7s  

do  stock 

WMt  Alabama  88,  guar 

I  PABr  DUK   COUI'ONS. 

'Tennessee  State  coupons 

Virginia  coupons 

(To      consol.  coup 

MampbiB  City  coupons 


Aak 


I 


31 

sS 
100 

75 

25" 

93 

94 


nx 

30 


100 
82 
48 

to" 

W 
47 

70 


65 

to 

96 

S6 

lOOX 
lOlX 


10 
30 
75 
97 
60 
66 
SS 
40 
SO 
90 
75 
75 
94 
50 
100 

■n 

54 
52 
93 
88 
90 
15 
83 
6S 
9 
65 
85 
64 
90 
61 
87 


OctobjT  3,  1876.] 


THE  CHRONICLEl 


321 


NEW  YORK  LOCA.L  SBOURITIES. 


Baak  Steck  List. 


MvkM  Una  (*)  «n 
BOtNstloaKl. 


Aanleaa  Kuhui(a 

Bowery 

Broadway .... 

Ball^i  Haad* 

Batekora  *  Orovan . , 
Ooural. 


CIMaleal.. 
Cinia— •■■. 


Oorm  I 

CKrfaae«.» 

OryOooda*- 

BaM  RlTer 

BlaTaaik  Ward*.... 

finh , 

nrai , 

roartt 

roltoa .-. 

eoltaOa .7 

Oaraaii  AiMrldwi* 
Oaraan  Kichaaaa*. 

a«.*niaata* 

»!«»• , 

ICoatm> 


Maoal  *  MareHaala* 
MarlM 

.  BM  AaaoHlM. 


Baw  Torfe  Coanlv. .. 
B  r.Mal  K«ekaa««. 
II  r.  Oold  Ki(i>i>ga» 

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jtont  Aaiarlea* 
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Mar  l.TV 
Jaiy  I. -.S..- 
JnJT',-n..U 
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Joly  I.1J...4 
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Jaly  I.TI...I 
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JalTi.1i.Ot 
Jair  I.  3..J 
Jaly  1,-S..  4 
i«ayl,-a.X 
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Frb.l.  1I...I 
May  !,*».. .-■ 

May  l.^..!* 

j'i'jU^'.'.i 
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MeC.I,-a..4 
Jaly  I. •»...; 
J«ly  I. -»...! 

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Ja.<.ll.-B  ..« 

JaryLis..!! 

jayt.-n 
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mooutlooa  by  CWrlda  Otia.  B»»»r, 


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•roaUya  uaa  Uaftt  Co.. . . . 
CltlMM*aaaCo  •Bkb*.... 
OMtiaaaiaa. . 


Jaraay  CUy  * 

MMhaKaa. « 

Ig  tfoooUm 

do         oartilealaa.. 

do  b  a  a 

Milaal,*.  T 

Iiiaaa.  arooklya 


gaw  TorB 

¥m^  <»»aady»^yjy. 

WaatckaatMCaaat* 

C<ruBvAt«a ^ 


WlUlaiaabarc  . 


l*«Ba#r  M.<9  /'•Wtfis/'crrir— «u*\a 
r4it»aii"a"ilaa"aiack! 


V«*(Maaddk*«fra-(M«ort  MM 

.  MMTtdaa*  ara^V...' 

Bladg  laaaai    nof. 
(at  ■injaai 

IM«.  A  9r3>.r 
lat  caarta^a 
C«»ar«|0«M  lom    natt.  .. 

iMmmnmim 

MaJ*  <l*na*-«laaB 

lataMftaaaa... 

Bwaaddaaaii    alaat     .  .. 


**d*3a**d. ..f t*.  • 
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(Qaoutloni  bT  K.  8.  HiiiLaT.  broter.  as  Wall  «tr»n.) 


Taia  ■«■«»»... vy»  HM  »»idaBd  »a  iianX.  laa  data  a*  ■iiarlty  o«  *— di. 


AdrUtte 

.iKua 

American 

American  Kzcb'a.. 

Amity 

Arctic  

Atlantic 

Bowery 

Hrewera-AMIat'n 
Uroalway.... 
Brooklyn..... 
CItliana'.    ... 

City 

Clinton 

Colambln. 

f  ommerce  FIra — 

Commercial 

Cooilaaalal, 

Kajtle  

KmplraClty 

Kn  porlBW....  ... 

Famnt.. .'.-.'."!! 

FIraaMa'a 

(-IrtoeatFasd... 
FUasaa'a  Traat.. 
Oabhard 


uaraaato. . 

Sleba - 

Orecnwicb... 
(«aarar.ty..... 

Uaardtan.... 
Hamlltoa  .... 
HaaoTar.^.. 


Ho|«e 

Howard... 

Importara'*  Trad. 

lr%lBC 

fefferaon 

Kla«a  Ce.(B-klya) 
Kalckerbockrr... 
urnyeiw  (BVya) 
Lamar..     — ^... 

Leaos    

U>ii>laland(Bkly. 

LMlftard 

1laanr*B«U4era'- 

MaabalU" 

\t<ca.*TTad'l«'.... 
«rckaalca'(Bkl)a) 
Marcanllla 


Melrnpolltaa 

Moataak  in^hrai 
MaMao  iB'klya).. 

Watloaat 

K.  r.  Kqnltahla.^ 
Hew  York  F  ra  .. 
x.  r.«  lenkan. 

Nlarara 

lotli  ia««r.....». 

Facile. ...„ 

••ark  , 

FetarCoatar.  .  .. 
Fae»la'a 


rwm^^  Wa.f  !_•  t*"- 


lUUrf 

KM^^VVVVwa  •  I 

lltigilLi:!. 
Maatard.— II 

Sm^'ii:::: 

£Btl«4MaM* 


CxriTAL. 


Pir  AmoBiit. 


■SXjS 

M*    Mum 


IMIjIIB. 


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FLoa, 
Jax.  I, 


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July.  15.. 5 
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July.TS  .S 
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tMarfe  dliMaadief  Nperre^i  by  iha  Haaorar  aai  Wa>tebaaU',  t>  par  cant 
,  aad  »M  Far  caat  by  lie  M.  MIckulaa,  hara  tUoa  boea  daelarad  oat 


5UW  Hoaw.  aad  »M 
aboTa  aai aarflaa. 


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by  Davisl  a.  Mobax.  Brakar,  •  Wall  «tra»t.1 


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322 


THE   CHRONICLE. 


[October  2,  IS^S. 


3  UDestmcnts 

AND 

STATE,  CITY  AND  CORPORATION  FINANCES. 

The  "  iDveatore' Supplement"  is  pablUhed  ou  tbe  last  Saturday 
of  each  month,  and  furnished  to  all  regular  Bubficribera  of   the 

CnUONIOLE. 

ANNUAL    REPORTS. 

Ohio  &  Mississippi  Railway. 

(Tear  Ending  June  30, 1875.) 
Ohio  &  MisBissippi  stock  has  been  one  of  tbe  standard  specu- 
lative favorites  of  Wail  street  lor  yeirs  past.  Ucc-utly  there  has 
been  some  interest  manifested  in  the  company's  aifairs  on  account 
of  the  decline  of  the  common  stock  to  14j,  an  unusually  low 
fijjure  for  the  stock  of  a  company  not  in  default.  In  the  year 
ending  June  30,  1874,  the  net  earnings  of  the  company  were 
f  1,007,065,  and  for  the  year  ending  June  30,  1875,  the  net  earn- 
ings, as  appears  by  the  company's  statement  given  below,  were 
$803,510.  The  company  paid  in  November,  1874,  tlie  scrip  pre 
viously  issued  as  a  dividend  on  the  preferred  stock,  and  which 
would  liave  been  due  in  March,  1875,  and  also  paid  a  cash 
dividend  of  3i  per  cent  on  the  prelerred  stock  in  March,  1875, 
these  payments  for  dividends  amounting  toji;etlier  to  $280,434. 
The  company's  increase  of  debt  during  the  year  was  $249,000  in 
second  consolidated  mortgage  bonds,  $133,343  in  increase  of 
current  liabilities  and  $63,374  in  decrease  of  assets,  a  total  of 
$413,956.  In  tbe  light  of  subsequent  events,  it  seems  doubtful 
whether  the  payment  of  $140,854  as  a  dividend  in  March,  1875, 
was  good  policy,  and  whether  it  would  not  have  bnen  much 
wiser  to  ttrengthen  the  company's  position  by  retaining  that 
amount  in  the  treasury  to  meet  future  possibilities.  Of  the 
$3,406,644  given  as  gross  earnings  of  the  road  for  the  year 
ending  June  30,  1875,  the  amount  of  $3,761,810  had  been  earned 
in  nine  months  up  to  the  closo  of  March,  1875,  leaving 
$644,834  as  the  earnings  of  the  three  months,  April,  May  and 
June,  1875,  against  $860,018  in  the  same  three  months  of  1874, 
showing  a  decrease  from  last  year  of  about  $216,000.  This  was 
probably  owing  to  depression  in  business,  and  more  especially  to 
the  "war"  in  freight  and  passenger  rates.  ,No  monthly  reports  of 
earnings  have  been  furnished  since  March  last.  The  brief 
figures  just  issued  by  the  company  state  the  current  liabilities 
(JuneSO,  1875,)  at  $381,907,  of  which  fUS.Sll  were  in  pay-rolls 
due  in  July. 

The  Ohio  &  Mississippi  Railway  has  893  miles  of  road  on  one 
of  the  best  routes  in  the  country,  making  a  direct  line  between 
St.  Louis  and  Cincinnati,  with  a.  branch  to  Louisville,  and  the 
cost  of  road  and  equipment  stands  at  $35,349,908.  This  is  repre- 
sented by  120,000,000  common  stock,  $4,030,000  preferred  slock, 
and  $11,038,000  debt.  At  the  market  value  of  the  company's' 
stock  and  bonds  (Sept.  29)  the  total  cost  of  the  road  to  a  purchaser 
now  would  be  approximately  as  follows : 

$20,000,001)  common  stock  at  16  13,200,000 

•j,U.J0,O0l)  preferred  ^tock  at  38  l,5:jl,'400 

1.133,<i00  1st  moit^age  bonds  at  90 6,419, 7('0 

3,000,000  id  mortgage  bonds  at  70 8,733',500 

Total $13,884,600 

No  statement  is  made  concerning  the  company's  obligations  for 

the  purchase  of   the   Springfield  Division,  and  none  of  the  bonds 

on  that  division  are  reported  as  having  been  issued.     It  is  now 

three  months   since   the   close   of  the  fiscal  year   to  which  the 

figures  refer,  and  what  the  company  has  earned  since,  the  public 

is  not  informed.    The  interest  due  Oct.  1  on  the  second  mortgage 

bonds  has  been  noticed  for  payment. 

FINANCIAL  STATEMENT  FOR  FISCAL  TEAR  ENDING  J0NE  30,  1875. 

Besources  of  the  Tear. 
4  Mouths, 
Springfield 

Division,       ir„r„T» 

M.,rchllo  ^"^"".!-            Total. 

Enrninss,  viz.:                                    June  30,  1875.  "  montlis. 

Krom  passengers t3«,!)67  82  tl,07J,386  42     tl.112,.354  24 

From  freight 72,529  31  2,160,672  07        2,233,20138 

;  From  express  2,890  09  6(!,()«7  58             60,957  67 

Frommail 6,742  48  115.618  31          121,260  87 

Totil $121,129  70     $3,40H,(]44  46     $3,.'j27,7-4  16 

Less  trunsferi  (formerly  included).  ..   .,.  323,894  37  3i3,2y4  37 

$121,129  70  {3,033,350  09     $3,204,479  79 

Operat'g  expenses,  Incl.  taxes.. 98,358  66         

do  do    $2,565,905  02 

Less  transfers  as  above.      323,i94  37           2,242,610  65       2,340,989  31 

Netearnlngs $82,77104        $840,783  44        $863,510  48 

Deduct— Paid,  viz  : 
Conoons  of  interest  on  mortgfage  and  oo  de- 

benlure  sinking  fund  honds, ...' 770,278  29 

Second  consolidated    mortgage    bonds   pur- 

clutsed  for  sinking  fond,  less  disconat 25,298  75 


Debenture  sinking  fund  bonds  pni chased  for 
sinlUiig  fund,  $iO,000,  le^s  discount 

Sinking  fund  consolidated  mortgMgo  bonds 
purchasid  for  sinking  fund,  $39,d00 

Surplus 

Add  proceeds  of  sales  of— 

249  second  consolidated  mortgage  b  inds 

Oecre  se  lloftiinjf  a^seta  , 

iDCiease  current  liabilities 


Main  line.  ITotal. 

13,900  00 

36,000  00—       846,472  04 


£xiitnaitures. 

Springfield 

Accounted  for  as  follons:  Division. 

Construction. 

New  side  tracks,  &c .-..        $ 

Nw  depots,  water  stations,  <fcc 358  18 

New  fences  1,210  97 

New  freight  sheds  (Cincinnati)  —  

Ditlerence  in  cost  of  steel  and  Iron 

rails  used  in  repairing  track  this 

year 

Connecting   with  National   Stock 

Yards,  East  SU  l.ouls 

Work  on  6  2-3  miles  new  track, 

from  Pana  to  Tower  Hill,  Inclad- 

ing  new    bridges    and    tresllee, 

ties,  &c 80,504  81 

$32,133  96 

Equipment,  real  estate  and  miscellaneoas 

Scrip   issatd    on  account  of  interest  on    pre- 
ferred ciipital  stock,  due    Ist  March,  1875,  and 

paid  lOlh  Nov.,  1874,  with  interest 

Half-yearly  interest  on  preferred  capital  stock, 
paid  1st  March,  1875 


$18,038  44 

$199,200  00 

61,374  -O 

]31,343  33 

$413,!lS6  36 


Main  Line. 

$12,.Wr  53 

S60  43 

6,894  59 

5,435  41 


11,810  00 
193  68 


ToUl. 


$36,686  54 


$68,820  50 
64,701  86 


139,850  00 

140,854  00-       280,434  00 

$413,950  36 
Cnrrcnt  liabilities  (Including  pay-rolls,  due  next  month,  $118,511  83)  less 
cash  and  cash  items,  $281,907  63. 

GENERAL  INVESTMENT    NEWS. 

Alabama  &  Chattanooga, — A  meeting  of  tlioae  creditors  and 
bondholders  represented  by  Messrs.  Chas.  L.  Frost  and  others,  was 
held  this  week  at  58  Broadway.  The  Times  report  says:  Judge 
Qrandin,  of  Mobile,  counsel  for  the  trustees,  stated  that  the  trus- 
tees had  had  frequent  interviews  with  Mr.  Smith,  of  Mobile,  the 
representative  of  the  foreign  bondholders,  and  by  an  agreement 
with  him  the  case  had  been  submitted  to  Hon.  P.  Phillips,  special 
commissioner,  who  had  made  a  report  showing  an  indebteduHSS 
of  about  one  million  two  nundred  thousand  dollars  prior  to  the 
first  mortgage  bonds.  The  court,  by  frequent  decrees  and  orders, 
recognized  this  indebtedness,  "rhe  speaker,  therefore,  advised 
those  present  and  the  creditors  in  general  to  come  to  some  under- 
standing and  comply  with  tlie  terms  of  the  trustees'  bid  before 
the  11th  prox.,  in  default  of  which  a  resale  of  the  road  must  take 
place  to  pay  off  the  court  liens.  Chairman  Frost  said  that  the 
sum  total  required  from  the  bondholders  to  get  leaal  possession 
of  the  road  from  the  trustees,  including  past  due  interest,  was  in 
round  figures,  $609,464  67.  He  had  been  prejudiced  against  Mr. 
Stanton's  management  of  the  road,  but  Mr.  Phillips'  report 
showed  that  gentlemen  to  have  done  the  beat  that  could  be  done. 

Mr.  Stanton  said  he  was  one  of  the  trustees  of  the  road,  and  the 
trustees  had,  so  far  as  he  knew,  endeavored  to  act  honestly,  but 
they  had  never  been  able  to  get  the  bondholders  to  do  anything. 
He  gave  a  forcible  account  of  the  deplorable  management  and 
waste  of  property  on  the  line,  and  concluded  by  saying  that  the 
road  is  now  worth  more  than  people  have  any  idea  of,  and  he 
advised  those  interested  to  come  to  some  agreement  and  get  it  out 
of  the  courts. 

,  Mr.  T.  W.  Snagge,  a  London  lawyer,  who  has  recently  como  to 
this  country  as  the  representative  of  the  first  mortgage  bondhold- 
ers, the  large  majority  of  whom  are  residents  of  England,  Prance, 
Germany  and  Holland,  said  that  while  there  was  no  cause  to  fear 
that  the  interests  of  his  clients  would  suffer  in  any  event,  there 
was  nothing  that  they  desired  more  than  to  have  the  litigation 
settled.  It  had  cost  them  a  fortune.  They  have  recently,  he  said, 
arrived  at  a  thorough  knowledge  of  the  condition  of  aflfairs  of  the 
road,  and  have  already  taken  steps  to  secure  their  rights.  They 
have  deposited  their  bonds  and  have  combined  to  get  what  they 
can  out  of  the  wreck.  They  intend  to  have  back  the  money  they 
have  invested  in  whatever  way  may  appear  most  profitable.  Mr. 
Snagge,  therefore,  declined  to  commit  himself  to  anything  the 
meeting  might  do  without  consultation,  but  he  held  out  the  hope 
that,  so  far  as  the  first  mortgage  bondholders  were  concerned,  an 
arrangement  might  be  effected.  On  motion  a  committee  of  three, 
consisting  of  Messrs.  Charles  L.  Frost,  John  Sickles  and  Joseph 
Morse,  was  appointed  to  meet  the  representatives  of  the  first 
mortgage  bondholders  and  endeavor  to  effect  a  compromise. 

Alabama    Finances. — From    a  communication   to  the  Mont  • 
gomery  Advertiser,  by  an  old  and  respected  citizen  of  the  Stite  of 
Alabama,  himself  a  large  tax  payer,   we  quote  as  follows.     He 
says  of  the  constitutional  convention  : 

"  The  composition  of  the  Convention,  all  things  considered,  will 
favorably  compare  with  any  like  assembly  in  any  State.  I  know 
many  personally,  and  I  felt  when  they  assembled  that  nothing 
would  be  adopted,  but  what  I  could  cheerfully  and  willingly 
concur  in.  It  may  be  that  I  am  mistaken  in  the  construction  to 
be  placed  on  the  ordinance,  prohibiti«g  the  State  from  incurring 
any  liability,  by  the  issuing  or  endorsing  of  bonds.  So  far  as  it 
provides  for  withholding  its  credit  for  future  liabilities  I  agree, 
but  it  would  seem  by  the  opposition  to  Mr.  Oates'  resolution  that 
it  is  the  intention  of  the  convention  to  repudiate  the  legal  and  just 
claims  of  bond  holders,  the  holders  of  which  intimnte  to  the  com- 
missioners that  they  are  disposed  to  compromise  on  fair  and  just 
terms.  I  am  aWare  that  our  people  have  not  pro.spered  under 
Badieal  rule,  and  may  seem  to  regard  the  entire  debt  as  of  iheir 
creation,  but  such  is  not  the  fact,  and  1  feel  confident,  that  when 
the  people  ehall  understand  that  the  commissioners  are  treating 


October  2,  1875.] 


TEffi  CHRONICLE 


323 


and  D(<(^otiatiD(;  for  jaot  aod  lei^al  linbilitiM,  tbe^r  will  not  vote 
for  the  adoption  ol  a  Coostituuon  tli&t  repudiate*  a  juit  and  legal 
debt.        •        •        • 

"  II  the  ConreDtlon  intmd  repudiation,  which  !a  the  legitimate 
eonslnictioo  to  b«  inferred  from  tbe.r  present  action,  I  shall  deeply 
rrgret  it ;  and  I  fevl  confident  that  aItboa(th  there  are  many  who, 
like  myiieir,  are  great  losers  by  the  result  ot  the  '  Lost  Cause,' 
ret  I  terl  willing  to  contribute  by  taxation  to  the  payment  of  on 
just  and  honorable  debts,  especially  when  those  debts  can  be  com- 

gitmised  and  eslendsd  at  a  reduced  rate  of  interest,  and  see  our 
lata  placed  again  among  her  sisters  equal  in  morals  and  justice. 
Toprohil<it  tainre  liabilities  for  iolerual  improrements  is  expected, 
but  not  '.o  prevent  new  bonds  to  be  issued,  in  the  event  the  com- 
miwiimrnt'  report  shall  be  approved  and  eonanminated." 

Atekbon  Top«ka  *  Santa  Fe.— Mr.  JoMph  O.  Martin,  of 
Boston,  in  bis  cnmpilation  ol  dividends  for  October,  makes  the 
following  remarks : 

The  Atchison  TopekA  t  Santi  Fe  Kallroad  resumes  Interest  on 
the  land  grant  bonds  October  1,iuj<1  also  pays  coupon  No.  5  on 
$976,000  consolidated  second  mor'gng^e  Iwnds.  These  are  not  the 
oonds  selling  In  tbe  market  at  ili*>4.  imt  are  an  earlier  issue  of  the 
same  class.  Tbe  last  issue  imuunts  to  $2,074,100,  into  which 
eighteen  months  of  fir»t  mortgagee  coupons  were  funded,  and  by 
agfeemeat  the  first  ooopoo  on  tbew  does  not  mature  until  Oct.  1, 
1878.  With  the  eic>-ption  of  this  difference  of  one  year's  interest, 
tlicaa  boada  are  precisely  the  same,  and  after  October,  1870,  will 
b«  M«Dti«al. 

Atlanta  k  Richmond  Air  Line.— A  mee:ing  of  the  atoekhold- 
ers  was  held  in  Atlanta,  Ua.,  tSept  14,  and  cootinuMl  on  the 
fallowing  day.  Home  trouble  arose  from  an  effort  to  rule  oat  the 
votes  of  the  preferred  stock,  but  no  final  mncluiion  was  arrived 
at.  This  preferred  stock  amounts  to  $1.1)00,000,  and  is  held  by 
the  Ptnn^ylvania  and  tbe  Richmond  4  Danville  eompsnien.  A 
committee  was  appointed  to  oonsult  with  tbe  committee*  repre- 
senting the  first  sud  second  morigage  bondholders  and  the  pre- 
ferred stockholders,  and  to  see  wlietber  some  means  oonld  not  be 
devised  to  adjust  dilTerenee*  and  \ni  an  end  u>  tbe  litigation  now 
in  progrcs*.  The  committee  coD:tists  ol  Judge  O.  A.  Lochrane, 
Thomas  Alexander,  and  R.  T.  McAdea,  and  will  meat  in  K*w 
York  Xov.  1. 

B<nt*B  City  B»B<t  Th*  propoanla  lor  the  City  of  Bo*ton 
Water  Lo*n  were  opened  ikb  week,  and  tlae  fullowiog  awards 
wnrsanda:  E.  Aiklna  ACo.,  $'.0U.000  at  •  par  evak  prsmiom. 
aad  Rtokardaon.  liill  A  Co..  $UOO.0OO  M  8  S-100  praaiam.  The 
boada  will  ba  dated  October  1,  1475,  and  will  bo  doe  thirty  ynani 
from  that  data,  baariag  interest  (sami-aaanally  in  April  and 
Oa«ti«r)at  5  Meant,  par  annum,  both  principal  and  interest 
payable  la  gold.  Tne  loan  will  i>e  issued  la  aertiflcalea  of  $lfiO0 
each,  with  iatc rest  coapons  attached,  or  la  raglstered  cvrtifieataa 
of  any  amount  of  even  thousands.  Ilia  total  amount  of  the  bids 
•iBoanted  to  $7,394,000. 

r  '  :  i  Railroad  (Xa«i.— The  Beaton  TrtmlUr  says:  As 
}  liswreoce,  William*  and  Cammlags.  oompnsiog  the 

' >  u(  D. rectors  of  the  Kastera  Rallmad  Coanaay.  which 

was  appointed  to  make  a  raport  of  tha  aoadUlaa  a<  lAn  aAln  o( 
tb-'  <ori.pany.  have  not  nalnrvd  tbair  lataallgntlnna  aagdaatly 
results  npoa  paper.    It  la  nothoritatlTaly  annonaeed, 
I  .ai  the  suismsatt  msde  in  aaotliaf  joaraal  are  very 

rourb  etsggetatad,  and  kava  Irtle  basis  npon  which  lo  hnlld  a 
raport  wkicA  atight  injur*  th«  credit  of  ih*  road.  It  has  b*«a 
said  that  ib*  bonds  were  on  the  same  footlnit  as  th*  floating  debt, 
and  tha  wbola  amount  is  pIscMl  st  $IS,0<RI,nO,  now  being  sold  at 
about  79  par  etat.  Tbla  amount  is  an  exsuireratioo  to  tbe  extant 
of  $4.00a0(M.  the  real  debt  ant  exceed  .1)00.    One  of  tha 

■leasures  adopted  l/i  eflret  tliis  inrrvut-  -  was  th*  reckon- 

icg  of  $-'>U,000  of  lirrat  FalU  and  Connuy  bunds  ss  tha  ptoperlr 
of  the  If^stcm  mad  whi-o  tliry  reslly  compose  a  guarantee,  and, 
it  the  goarmnue  Is  enforred,  the  tirest  Falls  and  C.'ooway  road 
will  becoia*  th*  property  of  the  Eastern  Company.  The  Eastern 
Company  b*s  also  sn  amount  o(  stock  In  the  Ureat  Falls  aad  Con- 
way  lisllroad  e<^ual  to  $9Sn.0U0.  and  $3,000,000  worth  of  ouwlde 
property  besides  this  tloek  and  (Itr  roaii  Itarlf.  Tbe  statement 
iliat  the  Kasterc  Railroad  <  Mock  or  bonds  in  the 

Enroprsn  and  North  Amer  'Ujpany  ia  ptooooneed 

K'riii.r  r,>in|.any,  and  th*  same  offl- 

aflairs  nf  tha  oorapany  were  wound 

.  -.  would  not,  ss  before  stated,  ex- 

coatioue  to  pronounce  the 

ilistantial  (rmands,  and  are 

.when  i>ab- 

*     •     •     s 


enburgh  were  appointed  a  committee  to  cnufer  with  Mr.  Chew  in 
regard  to  carrying  out  the  details  of  the  plan. 

Indianapolis  Bloomington  A  Mestorn. —  A.  meeting  was 
called  this  week  by  soidh  of  tbe  first  mortgnge  bondholders,  but 
at  tbe  meeting  they  were  nut  in  a  majority,  and  alter  tbe  adjourn- 
ment, they  met  by  themselves  and  appointed  E  arl  P.  Mason, 
L.  H.  Alden,  F.  W.  Peck,  J.  Wyman  Jones  and  Kemington 
Verman  a  committee  to  look  after  their  interests. 

Lexington  A  Big  Sandy. — The  C(n/n«r/oM r;w»i  says-  A  com- 
mittee ot  gentlemen  to  ccutinlt  with  tbe  citizens  of  LaniBville  in 
respect  to  the  propriety  of  raiding  a  joint  subscription  to  complete 
tbe  Lexington  &  Big  Sandy  Uailroad,  has  lately  been  in  that  city. 
It  seems  that  there  are  about  eighty  eight  miles  of  the  road  to  be 
completed  between  Mt.  Sterling  and  the  moutli  of  the  Big  Sandy 
River  before  tbe  connection  can  lie  made.  When  completed  it 
will  connect  at  Lexington  with  the  Short-line  or  L.  C.  &  L.  RR., 
and  at  the  mouth  of  the  Big  Sandy  River  with  the  Chesapeake  A 
Obio  Railroad,  making  tlie  distance  from  Louisville  to  Richmond 
about  625  miles.  It  is  claimed  that  the  completion  ol  this  road, 
by  the  filling  up  of  this  gap  of  eighty  eight  miles,  will  materially 
diminish  the  distance  between  Louisville  and  tide-water,  and 
shorten  both  time  and  disunee  in  the  matter  of  foreign  exporta- 
tion. Richmond  proposes  lo  suiMoribe  $500,000  if  Louisville  will 
give  $500,000.  and  Central  Kentucky  will  liuiah  ut>  with  tbe 
remaining  $200,000.  Tbere  is  to  be  an  operating  ba-iis  of 
$3,500,000.  and  after  the  $I,.500,000  has  been  raised,  in  tlio 
manner  aliove  stated,  the  remaining  $1,000,000  is  proposed  to  be 
raised  by  a  first  mortgaue  bond  upon  tbe  whole  line.  It  ia 
claimed  that  I/iui!4ville  nill  be  brought  nearer  to  both  the 
Atlantic  and  Pacific  seaboards  through  connection  with  the 
existing  railroad  lines,  when  fliis  railroad  shall  have  been  com- 
plaied.  and  that  freights  to  New  York,  for  instance,  would  be 
transported  at  a  cost  not  to  exceed  $1  50  per  ton,  and  perhaps 
even  lea*.  Perfectly  responsible  parties  are  willing,  it  !>  stated, 
to  eoaatroot  the  road,  a*  surveyed  and  estimated,  and  take  23  per 
cent  in  Oral  mortgage  bonds  of  the  r>ad  in  part  payment.  Tbe 
resources  o(«tbe  country  from  Louisville  tu  Licking  River  are  in 
a  manner  undeveloped  and  are  unsurpassrd  in  resp<-ct  to  fertility 
of  soil,  and  h<>yond  that  poiut  the  road  will  pass  through  one  of 
the  finest  mineral  ami  timbered  regions  on  the  continent. 

—At  a  meeting  of  citixensof  Louisville,  a  committee  w»s  ap- 
pointed to  prrsent  a  resolution  recommending  the  iMy  Council  to 
subscribe  $500,000  to  this  work  on  behalf  of  the  city. 

liMilsTille  Padacah   A   SontltWMt«rn.— Receiver    DuPont's 
moothlr  report  for  August  shows  tbe  tollowiog: 
BicBirTi  AJiD  DisstmsiaasTs. 

To  balaae*  oa  hand $lt,(i64  W 

Rsolpta  dartag  tbe  awatii  trea  statlOB  sgeau St,(Kr7  M 

RMatptsdarlocBoathfraaaiadaatars Ml  SS 

Baeslptt  darlaa  sssatb  l>a»  saadry  Indlvldnala  and  companies 6,417  SO 


Total $M.lltOM 

Pay  ts  wade  far  aadlisd  voochcrs  and  July  pay-iolia n,tao  1* 


nntra 

eials  II 
op  In 

e«*d  $ir,UOiV)W.     lb 

axdleiceot  a  aiatre,  bae- 

assured  that  the  report  of  tliu  i..v<  lUigalini; 

li*b«d,  will   instil  eoofideoce  iiit<-  the   put. 


Eaoogh  ia  known  of  the  general  cbaraclar  nt  iiie  loribcoming  re- 
port  to  wariant  lb*  stslemeot  Ibal  the  figures  given  In  the  pre. 
ording  pamffinpfa  are  sul>«iaiitially  eorrect;  that  the  committee 
will  recommend  the  sale  of  sucli  land  aa  the  company  does  not 
actaally  need  at  East  Boston  and  Charlestown  ;  that  the  olBce  of 
Oeoaral  Maaafer  he  abolisbeti  ;  that  the  salary  of  the  President 
ba  radaied  lo  fS.OOO.and  that  mber  reductions  tn  made  In  the  ex- 
paaaaa  so  as  ■    "       .  ,  annual  saving  of  $100,000. 

■*■>!•■    i  ty  Bonds. — The  boldats  of  bonds  of  tbe 

City  of  Houkv.k.  i-iu.  met  airain  at  tbeoflieeof  J.  C.  Chew,  the 
financial  agent  of  the  city,  at  .No.  2tt  Broadway.  Resolutions  were 
adopted  to  the  effect  that  the  boidafi  of  bonds"  proposn  to  rccept 
a  bond  of  said  rtty  at  tba  rate  of  7  per  cent  per  anoom   in  lieu  of 


oabsad t«0.tlO  18 

Maatclalr  Railroad.— The  Montdair  Railroad  was  sold  at 
aoetloo  at  Taylor'a  Hotel,  Jersty  City,  on  SuM\lay,  35ih  inst., 
under  an  order  of  the  Court  of  Chane-ry,  by  William  Patterson, 
Master  in  Chancery.  WillUm  A.  Uuest.  the  Hon.  Abram  8. 
Hewitt,  and  Mr.  Clark  gave  notice  that  they  claimed  to  he  the 
owners  of  certain  properly,  rolling  stock  and  real  estate  of  tho 
toad.  Tho  bids  wer«  from  $10.00 :  to  $a00X)00,  and  at  the  latter 
prlea  tba  road  was  bid  in  by  Marcus  L.  Ward  and  Abram  8. 
Hewitt,  in  trust  fur  the  account  of  the  first  morlgnga  bond- 
biilders  under  tbe  general  sebame  of  reorganization  approved  by 
tb*  bondholders. 

New  York  Stat«  lionda. — The  Commissioners  of  the  Canal 
Fund  awarded  a  loan  of  1173,000  fur  the  canal  sinking  fund  to 
William  B.  Astnr  ((MIKIIKKI)  at  six  per  cent,  preiiiiiiin  in  gold  ; 
and,  to  the  New  York  Life  and  Trust  Company  ($173,000)  at 
$t  05  55100  in  gold.  The  bonds  pay  six  per  cent,  interest,  and 
bare  eighteen  years  to  run. 

Nertbrm  Pari  He— .^  meeting  of  bondholders  of  the  North- 
ern Paeiiic'  UiJroad  Oimpany  was  held  this  week  at  No.  28 
Filth  av  l.-ct  a  Board  of  Directors.     The  rrifru/ie  has  the 

Inllovii  :   of  it:  "Tho  commltixe  i.tsuing  the  call,  pur- 

tlM  10,000.  at  judicial  sale,  on  Aug.  13,  all  the  property 

of  '  rn  Pacific  Kaiiroad,  except  llie  patented  and  certified 

lyia,  inayi'iing  all  ita  rightu,  liberiies.  and  franchises.     By  a  plan 
lopMd  by  the  bondholders  last  Jun<>,  tliis  committee  requested 


the  sarrander  of  bonds  in  payment  for  preferred  stock.  The  report 
of  lb*  committee  statwl  tbat  the  palentnd  and  certified  lands  of 
the  company  remiilniog  unsold, amount  to  about  600,000  acres,  all 
in  Minnesota  and  Dakou.  Their  sale  is  post[H>ned  tosncb  day  as 
tlin  Court  may  hereafter  order.  Bonds  Ui  tbe  amount  of  $20,000,- 
000  have  lieen  deposited  with  the  Farmers'  I/oan  and  Trust  Com- 
pany to  carry  out  tb»  plan  of  reorganization.  Tlie  [lowers  of 
attorney  received  by  the  Committee  make  a  total  of  about  $20,- 
000.000,  or  more  than  fivesixths  of  the  whole,  and  largo  additions 
are  being  mad«  daily.  In  coneluKion,  the  comtnlttpe  say  that  a 
mortgage  of  $3UMio,000  has  been  substantially  foreclosed,  and  a 
reorganisation  effected  in  less  than  six  months  ;  650  mils*  of  tho 
Mad  are  now  In  paying  operation,  and  tbe  property  includes  a 
domain  nf  nearly  10,000,000  acreH  of  land,  and  25.0(j0  more  for 
every  mile  of  new  road  built,  as  a  basis  lor  future  operations. 
'Th*  meeting  then  proceeded  to  the  election  nf  12  directors,  to 


the  bon'l*  t)ow  h»ld  by  ik«m.  It  being  t'le  distinct  underntanding  !  constitute  the  new  Boa'rd.  An  order  lo  show  cause  why  a  stsy  ol 
'!■•'■"  '  lionds  shsil  be  made  by  such  acilon 'if  tb'  'ngs  should  not  be  granted.  Issued  br  Judge  Hbipuian  of 

c*ty  sir  '•inn,  snd  the  Legislalare   of   the    Slate  "■  '.-d  Butas  Circuit  Court, at  Hartford,  Conn,,  was  presented. 

Texas,  ae  mil  imj'  n"arante«  an  assessment  and  cillection  olatax  ji  w/i«  ^ri^nn  on  petition  of  F.  Carroll  Brewster  of  Philadelphia, 
■offlelant  to  meet  and  pay  snch  inler>^  and  prfnripal  as  It  I'ocnm.  s  '  c-implaining  tbat  the  prowwdlngs  were  null  and  void  under  tbe 
daa."    Alban  IL  NicoUy,  John  J.  Vaa  Noatiaad  aad  R.  H.  Ark-  i  charter.    !i£r.  Brewster  bold*  about  $29,000  in  bonds.    The  hear. 


824 


THE   CHRONICLE 


[October  2,  1876. 


injt  will  be  bad  on  Satarday,  Oct.  3,  at  Hartford.  The  opinion  of 
large  bondliolders  present  was,  that  the  stay  of  proceedings  would 
not  be  (granted,  as  the  power  under  which  the  committee  acted  on 
Aug.  25,  was  fully  confirmed  by  the  Court.  The  coun*.in|;of  votes 
was  not  completed  late  last  evening,  but  safflcient  was  known  of 
the  result  to  indicate  the  election  of  the  following  ticket  for 
directors:  Edwin  M.  Lewis,  Pliilailelphia ;  Johnston  Livingston, 
New  York;  Gen.  J.  K.  Moorliead,  Pit-.shurgb;  Jolin  N.  Hutchinson, 
Easton  ;  Oeo.  Stark,  Biwton;  .lohn  M.  Dennison,  Bdltimore ;  Qeo. 
W.  Cass,  Pitt8burgh  ;  C.  B.  Wright,  Philadelphia;  Jos.  Dil worth, 
Pittsburgh  ;  B.  P.  Cheney.  Boslou  ;  Charlemagne  Tower,  Phila  ; 
Fred.  Billings,  Woodstock,  Vt.;  J.FraUy  Smith,  Philadelphia." 

— At  a  mt-eting  of  the  new  board  of  directorn,  subsequently, 
Cbas.  B.  Wright  of  Philadelphia  was  chosen  President ;  Qeo.  Stark 
of  New  Hampshire,  Vice  PreMdent;  Samuel  Wilkeson,  of  New 
York,  Secretary,  and  Geo.  E.  Beebe  of  New  York,  Treasurer. 

Pacific  Mail  St«am8li!p  Company.— At  a  meeting  of  the 
directors  of  the  Pacific  Mail  Steamship  Company,  held  on  Tues 
day,  the  following  communication  was  received  from  Mr.  George 
S.  Scoit,  Vice-President: 

New  York,  Sent.  27,  1875. 
To  iht  President  and  Direetort  of  the  Pacific  Mail  Steamship  Co. : 

Gentlemen — Important  interests  of  this  company  requiring 
my  teTiporary  absence  in  Europe,  I  have  deemed  it  advisable  to 
present  for  your  consideration  the  following  statements  : 

Immediately  on  a-isuming  the  control  of  the  affairs,  I  endeav- 
ored to  systematize  the  accounting  department,  so  as  to  be  able 
to  arrive  at  the  monthly  earnings  and  expenses  This,  through 
the  efforts  ot  the  head  of  that  department,  lias  been  so  far  accom- 
plished that  I  am  enabled  to  lay  before  the  board  the  results  of 
the  last  two  months  : 

Jaly,  187S.  Aug..  1875. 

Gro°B  tarnlnis : $4^8,:^0H  Si  851-,91-i  I" 

Toial  expenses 39  ,014  74  373,674  91 


Net  earnings  $69,-09108  tl4:),«37  23 

The  total  net  earnings  for  two  mouths  are  $232,531  31,  an 
increase  of  $147,299  94  over  the  corresponding  monihs  of  1874. 
The  general  financial  results  of  the  company's  business  since 
Marcli  1, 1875,  are  as  follows  : 

Total  i  debtedness,  March  1,  lav's,  exclusive  of  Panama  loan, 
and  including  th3  nirrent  pnyments  aci;ruing  to  Dec.  1, 1815, 
under  the  contract  for  three  new  iron  steamerH $1,474,701  38 

FBG6ENT  I.NDEBTEDNESS. 

Bills  payable fioa.im  o7 

Due  connecting  lines 78.S:jt  :J3 

L"an  due  directors lOS.OOO  00 

Currency  due  bank 45.679  44 

Caehbills 8.5,000  00-$505,590  44 

LESS  CASH  ASSETS 

Goldonhand t7J,Ui  57 

Freights  due  in  New  York .1  ft, 000  00 

One  by  United  States  Government 157,0.0  00 

Due  by  Mexit-an  Governiuent 4J,(I00  00 

Due  by  counecling  lines  175,000  OO— $498, 1 23  67-  7.468  87 

Total  net  reduction  of  liabilities $1,467,-334  51 

— inclusive  of  payments  on  new  steamers.  It  is  not  surprising, 
in  view  of  tlie  foregoing  statement,  that  the  credit  ot  the  company 
has  so  steadily  and  materially  improved. 


Upon  the  completion  of  the  newships  at  Chester,the  Australian 
and  China  lines  will  be  fully  equipped  with  new  iron  propellers. 
To  the  ecanomy  resulting  from  the  general  introduction  of  these 
modern  screw  steamers  upon  the  lices  of  the  company,  these 
gratifying  results  ate  mainly  due. 

(Signed)  Georoe  S.  Scott,  Vice-President. 

Ralci^ll  &  Anglista  Air  Line.— This  company  recently  ten- 
dered a  further  instalment  of  $230,000  State  bonds  to  the  Treas- 
urer of  North  Carolina  in  exchange  lor  an  equal  amount  of  the 
company's  bonds  held  by  the  State. 

Sontliern  Pacific  of  California.— Upwards  of  4,000  men  are 
at  work  oa  the  construction  of  this  line,  S.OUO  of  them  on  an  un- 
finished gap  of  one  hundred  miles  between  the  Tulare  and  Los 
Ani;eles  divisions.  It  may  be  doubted  if  any  other  corporation  in 
the  country  is  pushing  new  railroad  work  with  such  vigor  or  with 
such  vast  outlays  ol  money.  The  Southern  Pacific  forms  the 
western  portion  of  the  32d  and  35ih  parallel  roads  across  the  con- 
tinent. Over  400  miles  of  the  road  are  now  in  operation  and  20O 
miles  more  are  mos'ly  graded.  The  Los  Angeles  division  will  be- 
united  with  the  central  portion  next  summer,  by  which  time  the 
rails,  which  S'e  now  some  fifty  miles  southeast  of  San  Bernandl- 
no.  will  be  laid  to  the  Colorado  river.  This  great  work  has  been 
carried  on  with  unexampled  vigor,  and  by  using  steel  rails,  dur- 
ing the  past  two  years  of  general  financial  depression. 

Texas  &  Pacific. — Philadelphia  papers  contain  the  following: 
advertisement : 

The  undersigned,  desiring  to  place  all  parti'S  holding  the  not«s  of  the 
California  &  Texas  Hallway  Conftruction  Oompiny  with  our  joint  names 
enduri<ed  tliereon  in  p  si^ession  of  the  amuunt^i  of  money  th  it  would  be  due 
ihem  with  interest  to  date  of  presentation,  w  )1  purchase  said  notes  on  and 
afier  lbi8  date  at  par.  less  rebate  of  interi-st  until  maturity,  upon  pies  ntation 
of  the  same,  with  collateral  belonging  thereto,  to  R.  D.  Baiclay,  No.  i83  South 
Fourth  str  et,  Philadelphia.  These  notes  mature  at  various  dates  up  to  April 
13,  18:6.  Matthew  Baird, 

September  18,  1875.  Tuomas  A  Scott. 


Toledo  Wabasli  &  Western.— A  meeting  of  stockholders  was 
held  at  No.  2  Exchange  court,  on  Thursday,  for  the  purpose  of 
devising  measures  to  put  an  end  to  the  foreclosure  proceedings  now 
pending  on  the  part  of  the  second  consolidated,  or  gold,  mor.gage 
bondholders.  Mr.  0.  D.  Ashley  stated  the  object  of  the  meeting. 
Resolutions  were  adopted  appointing  Messrs.  0.  D.  Ashley,  A.  S. 
Peabody,  H.  S.  Henry,  J.  A.  Jameson  and  E.  A.  Corey  a  committee 
to  take  such  action  as  they  m  ght  deem  advisable,  either  iiy  an 
amicable  adjustment  or  by  recourse  to  the  law.  An  assessment 
of  ten  cents  per  share  was  levied  on  each  shire  of  stock  for  the 
purpose  of  defraying  the  expenses  of  the  committee.  The  absent 
shareholders  were  earnestly  requested  to  unite  in  the  movement. 
The  comtrittee  were  requested  to  represent  the  meeting  at  the 
annual  meeting  of  the  company  in  Toledo,  on  the  6th  inst.,  and 
as  soon  thereafter  as  possible  to  report  the  situation  of  the  com- 
pany, and  such  recommendations  as  may  seem  to  them  advisable. 
There  were  25,950  shares  represented. 

Wisconsin  Central. — The  Circuit  Court,  at  Milwaukee,  in  the 
suit  of  George  Reed  against  the  Wisconsin  Central  Railroad 
Trustees,  diesolv^d  the  injunction  against  the  sale  of  the  balance 
of  the  bonds  in  the  hands  of  the  company. 


MONTHLY  EARNINGS  OF  PRINCIPAL 

RAILROADS. 

,— At.  Top. 

ftS.F- 

— Central  Pacific. — . 

Cm.  Lit.  *  Chi  "go. 

Denv.&B 

1  Grand  3. 

,-lllinoisCentr*l.^ 

--Ind,Bl.»We«t'B.^ 

1574. 

187.1. 

1874. 

1875. 

1874. 

187o. 

1^71. 

1875. 

1874. 

1875. 

1874. 

1875. 

(509  m.) 

(609  m.) 

(1,219  m.) 

(1,213  m.) 

(75  m.) 

(75  m.) 

(1-20  m.) 

(120  m.) 

(1109  m.) 

(1109  m.) 

(344  m.) 

(314  m.) 

$02, 793 

$08  659 

$848,558 

$890,000 

$39,663 

$33,790 

..Jan 

$19..i.30 

20,364 

$58:1,997 

$551,534 

$151,795 

$116,642 

Vi,^M 

7.1,410 

804.1141 

jo-i  000 

86:'..37 

27.213 

..Feb..  .. 

11,1-24 

23,660 

617,671 

458.153 

li9.301 

9ii,8S4 

l-il,002 

104,1158 

8-<-J.l>.l 

1.192,000 

36,792 

80,021 

..Mar.... 

21,287 

86.500 

561,79:1 

5-6.188 

151,186 

104.7.50 

i;4,-il5 

11 ',474 

1.110,624 

1,355.000 

39,1102 

3-2.710 

..April.. 

29  673 

i)2  1H2 

536.96-2 

586.716 

l»n,:i:!4 

10i'.767 

101.344 

lli7,B45 

l,31'.6i9 

1,797,000 

3:?,618 

30,3-28 

..May... 

38.1183 

35,5:16 

6: -2.-234 

t84,764 

119,910 

88.017 

101.774 

104.418 

1,:  66.615 

1,711.000 

3i,8;o 

31,147 

Jnne.. 

89. 16-2 

35,329 

69-2  416 

699,9-23 

1.30,161 

79.a57 

lOO.Iiil 

1  ■..3.4.V) 

1,288.910 

1,477,000 

85.1-26 

32,688 

..July... 

40,782 

627,461 

70-2,783 

yUfiVi 

81,0:16 

11-2.681 

15b.0J0 

1,324.557 

1,588,000 

34  ..550 

8-2,S35 

..Aujf.... 

3.5,188 

7 1 1,969 

651,301 

1-14.173 

103.526 

110,5f)3 

1,371,719 

40.105 

..Sept.... 

86,498 

7.58,5:6 

154.192 

1H3.654 

],4h5.515 

44,668 

..Oct..  .. 

85  616 

838.:W 

146,9.58 

116.379 

1,314.000 

38.687 

..Nov.... 

2-*,8-28 



668,943 

118,868 

10Z,iiS 

1,1.-)0,000 

42.300 

..Dec... 

29,991 

680,435 

111,076 

$1,250,806 

$14,831,7:4 

$453,718 

. .  Tear . . 

$370,659 

$7,900,720 

1,62),355 

^Ird.  Cin. 

&  Laf.^ 

Intemat'nal  &  Ot  N. 

,— Eansis  Pac'flc-, 

^Mictiigan  Csnt^ 

Ho ,  Kan.  &  Texas. 

. — Hibile  &  Ohio.  -. 

1874. 

1875. 

1874 

1875. 

1871 

1873. 

1874. 

1875. 

1874. 

1875. 

1874. 

1875. 

(rom.) 

(179  rn.) 

(382  m  ) 

(45<  m.) 

(672  m.) 

(672  m.) 

(801  m.) 

(81 :4  m.) 

(786  m.) 

(7-16  m.) 

(517  m,) 

(5:7  TO.) 

$144.»4t 

$133  787 

$139,118 

$12-2,575 

$170,319 

$1(;-2.717 

..Jan.... 

$647,476 

$011.9118 

$-266,.333 

$199,680 

$-293,927 

$196,729 

1.3«,ti6l 

111.3:->5 

(nN896 

1 '2,600 

178,489 

18-1,495 

..Feb.... 

513.016 

441.623 

-2:;0,371 

19.5,2:14 

213.318 

156,174 

148,908 

136,350 

,  91,130 
^  76.367 

104,661 

245.774 

212,03! 

..niarcU 

6:5,930 

611.211 

211-2.801 

2:16.  t:!8 

174.9h8 

1.30.251 

IM.m 

153,784 

85.2.>5 

29  .',113 

291,651 

..April.. 
..May... 

633,802 

610,066 

211000 

200 :139 

1.34.954 

109,711 

144,872 

145,892 

2  73,.i87 

80.8.53 

316,617 

289.706 

685,179 

t5l>,789 

•224,600 

189.180 

14i;,667 

100.5.32 

142.5«1 

1  75,144 

74,280 

3!6.*i9 

275  665 

..June.. 

631,78-1 

2:17,4-20 

218,094 

120,407 

89.9:^8 

141,540 



f  70.495 

7i,osa 

201.S47 

28-2,686 

..July... 

6198:2 

245.600 

211,719 

119.047 

102,101 

150.835 

i  7-5,503 

80,778 

289,937 

305,139 

..Auk.... 

» 13  8.35 

2S9,000 

272,104 

116,619 

Il2,b73 

176,831 

6  105.915 

308,318 

..Sept.... 

637.70:1 

3:14.400 

165.-a0i 

174,080 

Sg  147,418 



858.166 

..Oct 

751,596 

313  51 H) 

212,607 



148,418 

T176,54-J 
L2 10.756 

275.847 

..Nov.... 

654,-206 

280.(100 

287.845 

154,499 

833,401 

..Dec  — 

692,698 

252,700 

885,408 

$1,823,115 

$1,364,589 



3,2:2,517 

..If  ear.. 

7,567,095 

$3,:50,725 

$2,891,019 



/ — Ohio  &  Miss. — . 

Main  Line , 

, Branches. , 

StL  IroaHt.  .isSo. 

St.  L.  &  S.  Etst.-, 

, — Union  Pacific.—, 

1871. 

187.-). 

1W4. 

1875. 

1874. 

HT.i. 

1814. 

1875. 

1874. 

1875, 

1874. 

1875. 

(895  m.) 
$-J>i6.039 

(395  m,) 
$249,-250 

(195  m.) 

(195  OT.) 

(71  m.) 

(71  OT.) 

(690  OT.) 

(690  m.) 

(358  m.) 

(3.5S  m.) 

(10-38  m.) 

(10.38  m.) 

$103,717 

t77,876 

$:18,60I 

$57  201 

..Jan.... 

$■250,074 

$■366,395 

$111, '<40 

$84,516 

$6-20,715 

$.574,930 

213  11)7 

•i^3.6S4 

86.499 

73,864 

37,493 

65,7i3 

..Feb.... 

217,368 

285,800 

99,447 

80,087 

607,99u 

6-20,307 

.30I.S4-J 

■    810,903 

105,668 

81,OJ3 

44,472 

49,370 

..Mar.... 

236.1.32 

275,:100 

107,071 

89.'0O 

687,r.-i6 

H18.963 

298,6ii5 



99,447 

86,948 

41,093 

4", -207 

..April.. 

2;l0.434 

258,570 

91997 

85,915 

834.955 

1,095,815 

268,807 

91,551 

73,417 

40.81)7 

31,980 

..May... 

244,394 

264,448 

88,558 

73.781 

910,065 

1.27,i,325 

29-i,54» 

^^ 

99.814 

71,697 

41.1.-)3 

85,«ia 

..June.. 

218,608 

27\:100 

96,!W9 

65,033 

902.881 

1.1142.514 

aH2.6il7 

s... 

101,741 

73,84* 

42.794 

35  613 

..Jair-.. 

2t6,-!48 

231.178 

9-2,841 

67,145 

8.50,1 13 

1,034.653 

3-21.3fi0 

I.::;:". 

11-2,6-21 

60.039 

.  40.408 

..  AU!J.  .. 

251,-2:10 

287,505 

IIM.9'24 

73,613 

1,04-2,416 

1,061,U00 

8ti4,.n4 

113, -2  47 

5.--,2-(2 

..Sept.... 

29J.-216 

118,812 

1.068.993 

381,025! 

1-27  043 

65.800 

..Oct.... 

353.777 

131,865 

1,141,938 

309  597 

109,165 

4S.9  10 

..Nov.... 

850,860 

in-2.608 

1,000,698 



398,013 

I 

100,445 
$1,854,137 

52,812 
$.^59  8t7 

..Dec... 

..Tear.. 

385,000 

102,912 

897,169 
$10,6e9,8S0 

$3,632,099 

.  .   ■     . 

..,-..... 



October  2,  1^75.] 


THE  CHRONIOr.R 


325 


il\)z  Commercial  ^imes. 


■Mdpla  pMt  *Mk 


Uhda. 

.  llMt 
.Ml  .101 


lUtl 

»j1 


t;OAlMERClAL  EPITOME. 

FniDAT  NiOHT,  Oct.  1,  1875. 

W*  are  glad  to  report  an  improv>-ment  during  tbo  past  waek  in 
generaJ  trade.  The  wanta  of  the  country  have  been  more  actively 
•Mrrted.  They  could  not  well  be  longer  delayed,  and  as  crops  of 
•ome  ol  the  leading  staple*  hare  began  to  move  with  more  free- 
dom, the  supply  of  money  In  the  hand*  of  buyera  ia  more  liberal, 
fi'.lll,  prufita  are  very  mojerate,  and  oollectiona  not  wholly  satis- 
faetory.  The  clond  ol  inflation  and  repadiation  which  hang*  over 
the  Weat  indaeea  ezccaaiTa  eantion  on  the  part  of  many  who 
wonid  otherwise  be  diapoaed  to  act  wUh  spirit. 

The  market  for  provisions  has  been  feverish  and  unsettled, 
betog  controlled  largely  by  apeculative  action  at  the  West.  Hitt 
pork  has  farther  advanced,  touching  $3'3  35  on  the  spot  and 
|23  10  for  October,  recrding  to  $31  50  for  October  and  121  70  on 
the  apot,  has  since  recovered  and  sold  today  at  $22  cash,  $01  90(§ 
fU  U5  for  Octooer.  L«rd  was  firmer  early  in  the  week,  bat  fell 
oir  on  We<foeaday  to  Vife.  on  the  spot,  13  11 -160.  lor  O«lob#r, 
13  7-16c.  seller  the  year,  but  recovered  to-day  to  13  ll-l^c  spot 
Uld  October  and  13  9-16e.  ■ellvr  the  year,  and  there  haa  bvaa 
■OHM  bntlneaa  at  I2ic.  aellar  twelve  months  and  12c  seller  al! 
1870.  .  Bacon  haa  been  doing  better,  and  eat  meats  have  brought 
extreme  prices.  Tallow  has  sold  moderately  al  laat  week's 
•dvane*.  bat  closes  doll.  Bsei  baa  been  salable  a(  full  prieea. 
Batter  haa  ruled  higher  lor  fine  giadas,  and  ehiw*  further 
advanced,  bat  lost  a  portion  of  It  at  the  eloaa. 

Coflaa  has  been  dull,  and  prices  of  Rio  are  barely  malotalnrd 
OB  the  baals  of  the  advance  quoted  in  oar  laat,  tue  visible  su^iply 
having  increased  to  348,000  bags  for  the  United  Sutae,  with  a 
•toek  of  mild  gradee  in  this  market,  embracing  13J>90  bags  and 
00.781  mata.  Kice  haa  been  dull  and  drooping,  wlih  sates  of 
Rangoon,  in  bond,  at  $3  OS,  goM,  prr  100  lbs.  llnlaaan,  with  a 
reducrd  stuck,  is  m^re  firmly  brlii  at  84^35e.  for  .V)  "     -itra 

have  Ixrvn  moderately  active,  but  at  weakaolog  prl  .;b, 

as  a  rulp,  quoiaiiona  are  ODcbaoged;  good  refiaio(r, -^<j-it :  ,  and 
sUodard  crushed,  Uic  The  movement  of  the  week  haa  been  aa 
folluwa : 

Boxes.       Bags. 

«.»«!  SMet 

.       .!•» i««.«oi       »•,••      m.m 

(Oct.  I,  in4 (MM       tijn       ti.au 

Kestucky  tobarco  has  ruled  lower  and  dull  at  7<^ic  for  lut  a 
and  lUt^JUc  for  leaf  ;  tba  sales  (or  ihe  work  embrace  AM  libJa.,  or 
which  ;tUI)  were  lor  export  and  100  for  wenmption.  Heed  leaf 
haa  b%«n  In  fair  derraod,  and  pricea  are  a  akade  drmer;  the  sale* 
laelode.  Cropot  ',97i.  15  eases  (°aaa*ctieat  at  17e.,  40  caase  Wii 
eoaain  at  T^c  ;  crop  of  :97i  and  1879, 100  Mae*  Pasaaylvaala  at 
18e  ;  crop  of  1873.  100  eaaaa  ConooeileM  at  ISc.  ISO  eaaa*  Ohio  at 
e^yte..  389  eoaaa  Witeooala  at  7(«13e..  asd  100  ea*«  Peanayl 
TOsU  eo  privaM  tenaa ;  aad  crop  of  1874. 837  eaase  Coaaeetieut 
and  MaaaaeboaetM  at  7fi8a;.  OS  eaaa*  New  Tork.  part  at  ?}«., 
aad  470  caase  P'oaeylvaaia  oa  private  terms ;  »>»>  400  ease* 
sundry  kind*  at  7@43ie.  Soanlah  toboeeo  haa  been  (airly  active 
and  s  «ady  ;  ilie  sale*  were  OOO  balee  HaelM  at  t9«0|l  OV 

Linaecd  oil  baa  niled  lower  at  HdOOn  Orwto  dab  oils  have 
been  qolet  Irat  trm.  Cottooaesd  oil  drmer,  owing  to  scarcity ; 
eruJe  quoted  al  4BijMI0e.  Hidea  have  beea  Q<>l«t,  i>at  price*  are 
about  steady  :  dry  Bueooa  Ayrea  qaoted  at  il^fttje  ,  gold,  and 
dry  Teias  18<^30e.,  currency  Mackerel  higker,  owing  to  the 
eoatioard  Itgbi  supply  ;  good  So.  1  Suor*  sold  al  |33(3|34.  Ood- 
M  also  firmrr  and  la  good  demand  at  |0  for  Oearg«a  aadt9(i 
IS  35  for  Urand  Beak.  Box  herriag  aeaia*  aad  waetad.  Whia- 
key  doeed  dull  at  $1  30, 

In  oeean  freighla  a  good,  steady  bii*io*M  baa  been  done,  the 
rngsgementa  and  ehaitera  Inclading  all  else***  of  merchaaJiso. 
The  offaringa  ot  tonnage  are  not  heavy,  and  rates  have  gradually 
aasuiaed  a  higher  baais,  which  waa  firmly  auitamed  at  ilip  cl'>se. 
Late  aagageaenla  and  eharten  incluJe:  Uram  to  Liverpool,  liy 
ataam.  797}^|d.:  ehs**s,  al  83*.;  aaicar,  at  8J«.;  eotioo,  by  aail, 
•t  5  lOd;  grain  to  Lnodoo.  by  aail.  SKgM..  and  ttiur  at  2i.  4^1.; 
graln  to  Briatol  aad  Olaagow.  by  oleam,  84^804.;  do.  to  Cork  for 
order*  at  0*.  per  qr.:  refined  petroleum  to  LIvtirpool,  it.  81.0la. 
O'i.i  crude  do.  to  Havre  or  Bordeaux,  4e.  Od.  Wheat  to  Oporto, 
17e.  void  per  buabel.  To-day  there  waa  a  fair  basin***  in  berth, 
aad  ronsid>-rai>|.-  activity  in  charter  room.  Uraln  to  Liverpool,  by 
•loaa,  7974^|(^.;  do.,  by  sail,  7H  ;  g^Xu  to  Loedon,  by  aail. 
•MM.;  do.  lo  Oiaago w,  by  steam,  3(9044  ;  da  to  Cork  f>r  nrlera, 
•b4P*M.,  aoatly  at  latter  rate;  do.  to  Bristal  Cnannel.  5a.  Od  ; 
doL  to  Loadoo,  8a.  lid  ,and  flour  at  3a.  H<1.;  teflaad  petrolenm  to 
Bieaaen,  4a  lid.;  naphtha  t->  London,  4a.  0<L 

Maval  *lor«e  have  be*n  ratlif  r  dull,  and  quotations  at  the  clnae 
were  ■lightly  easier  al  $1  7U't|l  75  lor  common  to  good  itraioed 
mala,  aod  88MiHo.  for  spirits  turpentine.  Pptroleum  also  has 
bera  deddedl/  iaaollve,  and  q  jotatioaa  show  a  d<%lloe  from  last 
week,  allhoagh  tbo  tone  at  the  eloae  waa  atmdy ;  relined,  in 
bb».,  1319146.;  cnide.ia  balk.  8(«7e,  apot  aod  all  October  de> 
liverv.  Ingot  enpper  NOtain*  "teady,  with  late  •ate*  ol  2OO,0M 
lb*.  Lake  at  tSt^HSic,  esah.  New  layer  raisin*  have  a  (air  sale 
at  13  00;  new  Valaada  at  tic,  and  n«w  Mqaeatela  al  |3  10. 
Kew  eortant*  are  well  wld  op  and  firmly  held  at  He 


itzporta  or  beadluK  Artielea  from  New  VerB* 

The  following  table,  compiled  irom  Custom  House  returns, 
shows  lUe  exports  of  leading  articles  from  the  port  ot  New 
York  aioM  lanuary  1,  1875.  to  all  the  priocipjtl  foreign  countries, 
and  also  the  totals  for  the  last  week, and  ginca  January  1.  The 
laat  two  tinea  *hnw<o(a(  si^i«j, including  th»  value  of  all  other 
articles  h»side<<  thnpe  Tnontioned  in  tho  talile 


n 


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:    Z  :=S  .SSSS  :|  :^  :8  :  .    8aS| 


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Zi  a 


326 


'.THE  "CHUONICLE. 


[October  2, 1875. 


ImporK*  or  IjeadlaK  Articled. 

The  foUowiu^  table,  coiupilc^d  from  Custom  House  returns' 
tihovrs  tlie  foreign  imports  ot  leading  articles  at  this  port  since 
Jan.  1, 1875.  and  for  the  same  period  of  1874  : 

[Tie  in  intittf  u  .^i  v.«(i  1 1)  II  ii"<  I  .'rn  \vinm  nnt  othftrwtae  epeciflod.] 


China,  Glaas  and 
Bart  heu  ware — 

China 

Kuritieuware.  .. 

Olass 

Giai48ware 

GlasA  plate 

Buttons 

Coal,  tons 

Cocoa,  ha^s. . 

Coffee,  ba^i* 

Cuttuii,  bales 

Druf^s,  Ac- 
Bark,  Peruvian.. 

Blea.  powders... 

Cochineal 

Creaui  Tartar... 

Qatablur 

Giitn.  Arabic  — 

ladli^o  

Madder 

Oils,  essential.. 

on, Olive 

Opium 

Boda,  bicarb — 

Soda,  sai 

Soda  ash 

Flax  

Pnrs  .   . 

Gannv  cloth 

Hair 

Hetup,  bates 

Hide^,  &c— 

Brirttles 

Hides,  dressed.. 

India  rubber 

Ivory 

Jewelry,  Ac- 
Jewelry  ... 

Watches 

Linneed 

Holasses 


Since 

Same 

Jan.l.'7». 

time  1874 

10.854 

1(1,3  Hi 

ST.BtH 

SB..-.3i 

aj:,?!)! 

SlU.Hto 

S4.0'J1 

i9.tii 

1,478 

6,590 

s.Hsa 

6,"ilS 

8«,»»l 

50,501 

19,ii.!5 

20,8  « 

1,314,05« 

1,109,  <42 

8,UM 

*,728 

83.1n5 

S8,5«« 

Sl,l(i-i 

SO.SOb 

4,iii; 

4.9«:j 

50T 

;,oi5 

9.017 

S8.04I 

3,5!>ll 

4.340 

2,871 

8.11a 

1,48H 

i,a« 

8*) 

71)4 

39,253 

26,283 

151 

1.3')K 

17.40.1 

37,781 

44.503 

4:i,64J 

Vi.'iU 

38,:J40 

6,811) 

8.41t> 

6,391. 

6,210 

1,4J3 

90- 

3,5)1 

3.001 

89,056 

142,477 

1.865 

1,127 

4,9011 

6,991 

30.963 

4l,97:i 

2,4» 

1,677 

2,482 

2,453 

571 

■     753 

712.0;4 

669,9 18 

93,895 

99,619 

Since 
Jan.1,'75. 


Uetals,  Ac- 
Cutlery 

Hardwuie 

Iron,  Ult.  bars. 

Lead,  piyi* . 

Spultor, Tl)8  ... 

Steel 

Tiu,  boxes 

Tin  slabs,  Iba.. 

Rags 

Sugar,  hlids,  tcs.  * 

bbls 

Sugar,  bzs  it.  bags 

Tea  

Tobacco 

Waste 

Wines,  Ac- 
Champagne,  bks. 

Wines 

Wool  bales 

ArticUt  reported  by 

value - 

Cigars 

Curies 

i*':incy  goods..    . 

Fisll 

Fruits,  Ac- 
Lemons 

Oranges 

Nuts 

Raisins 

[lides.  undressed.. 

Kice 

SpiceSj  Ac. — 

Cassia 

Ginger 

Pnpper 

Saltpetre 

Woods — 

Corit 

Fustic 

Logwood 

Mahoijany 


3,319 

i,2:il> 

23.011 

75.214 

984,853 

«b,l>13 

748,800 

6,201,729 

105.84') 

516.579 

1,405.5:9 

668,010 

43,B73 

1,475 

75,' 
137,958 
40,211 


(1248,399 

67,38i 

8T6.502 

18  (,272 

576,581 
l,7-i6,322 

669.375 

78J.821 
8,134,B54 

310,817 

161,21 
78,781 
471,114 
179,093 

278,408 
71.570 

437,939 
81,734 


Same 
time  1914 


3,551 

2.461 

242.428 

156,915 

4,859,010 

90,179 

757,797 

8,945,671 

101,227 

648,980 

966,810 

620.41)8 

63,295 

3,39:1 

87,082 
133.679 
86,731 


$1845.613 

69.992 

852.812 

202,814 

1,001,386 
1,304,469 

922.847 
1.I19,7S9 
10,577,098 

701,007 

71,<60 
103,897 
651.827 
302,816 

201,510 
20,715 

220,346 
91.434 


COTTON. 

Friday,  P.  M.,  Oct.  1,  1875. 
By  special  telej^rams  received  to-nigUt  from  the  Soutliera  Ports 
we  are  in  possedsioa  of  tUe  returas  sliowia;;  tlie  recaipts,  exports, 
&c.,  of  cottoQ  for  the  wuek  endiag  thii^  evening,  Oct.  1.  It 
appears  that  the  total  receipts  for  the  seven  days  have  reached 
80,3GS  bales,  against  47,001  bales  last  week,  !J6,709  bales  the 
previous  week,  and  13,67G  bales  three  weeks  since,  making  the 
total  receipts  since  the  tirst  of  September,  1875,  185,756  bales, 
ftgainat  155,331  bales  for  tlie  samti  period  of  1874,  showing  an 
increase  since  September  1,  1875,  of  31,535  bales.  The  details  of 
the  receipts  for  this  week  (as  par  telegraph)  and  for  correspoad- 
ing  weeks  of  live  previo.is  years  are  as  follows: 


Becelved  tbis  week  at— 


-New  Orleans  ....bales. 

Mobile 

Cb  ar  lesto  n 

Port  Koyal,&c 

Savanaah. 

Qalreston 

ladianola,  &c 

Tcuiies^e,&c... 

Florida  

North  Carolina 

NorfolK 

City  Point,  4c 


Total  this  week 

Total  slTCeftent.l.. 


le-ssi 

8,5 15 

!3.7'll 
I,ll2o 

18,713 
4,615 

2^70 

2)1 

1,919 

I,',;™ 

7S 


13,731 

5.v!7-l 
9,:i'J7 
1,33S 
15,il6 
4.i67 

1.9 

2,076 

»9 

1,M1 

6,213 

42J 

5S,331 
15>.aa 


12.691 

5,024 

;      7,676 

li.22l 

■      3,573 

2,164 

87 

973 

6.litiS 

2.193 

53.6:« 

H;,U59 


20.291 
6,678 

10,773 

20,433 
4,576 

S98 

1.16 

2.20!) 

7,590 

437 


74, '.46 
210.153 


1871. 

8,199 
4,161 

7,667 

10,012 

S.970 

l,57i 
49 
2.976 
5.811 
1,277 


46,041 

12^,596 


1870. 

12,143 

5,241 

8,655 

18,817 

1,'.98 

741 

la 

2,513 
6,897 


53,672 
"124.619 


P0HT8. 


The  exports  lor  the  week  ending  this  eveoina  reach  a  total 
of  13,812  bales,  of  which  9,3'J3  were  to  Great  Britain,  none  to 
France,  and  4,414  to  tlie  rest  ot  the  Continent,  while  the  stocks, 
as  made  up  this  evening,  are  now  164.G18  bales.  Below  are  the 
stocks  and  exports  for  the  week  and  also  for  the  corresponding 
week  of  last  season. 


Kxported  to— 

Total 

tbi. 

week. 

Same 
weei 
1B74. 

Stock. 

Week  endlnu 
-       Oct.  1. 

O.Brit. 

France 

Contln'i 
601 

1,416 
2',39i 

1875. 

1874. 

New  Orleans 

Mobile 

Gbar'eston... 

Savannah 

GtelvestOB.... 
New  rork... 
Other  ports*. 

2.033 

6',34S 
1,9!>9 

604 

2,11.53 
1.416 

7,716 
1,999 

13,912 
2<.663 

5,2S0 
600 

1,951 
8,072 
1,910 

17,113 
3<,89l 

34,759 
10,815 
!8,.n2 
19,.!56 
16,121 
43.195 
20,000 

164,618 

21,933 
10,453 
13,jl5 
H,098 
15,145 
4:,76', 
22,01.0 

Total   .... 
Since  Sept.  1 

9.398 

aii.2i; 

liei'g 

4,114 
6.797 

152,501 

•  The  export,)  this  week  under  the  lieador  "other  ports"  taclude  irom  Haltimore 
910  bales  to  Llverpjol;  from  BuijioQ  ^5J bales  to  Liverpool;  Iroiu  Philadelplila  800 
bales  to  Liverpool. 

[E^"  Our  telegram  from  New  Orleans  to-night  shows  that 
besides  the  above  exports  the  amount  ol'  cotton  on  shipboard,  and 
engaged  for  shipment  at  that  port,  is  as  follows:  For  Liverpool, 
7,000  bales;  for  Havre,  10,000  bales  ;  for  Continent,  8,000  bales;  for 
coastwise  ports,  2,000  bales;  total,  3?,000  bales;  which,  if  deducted 
from  the  stock,  would  leave  9,.500  bales  representing  the 
quantity  at  the  landinfif  and  in  presses  unsold  or  awaiting  orders.] 

From  the  foregoiiig  statement,  it  will  be  seen  thai,o«rapared 
with  the  corresponding  week  of  last  season,  there  is  a  decrease 
Id  the  exports  this  week  of  3,(101  hales,  while  the  stocks  to- 
night are  13,114  bale- TO^re  than  they  were  at  this  time  a  year 
ago.  The  following  is  "ur  usual  table  showing  the  movement 
ot  cotton  at  all  the  ports  from  Sept.  1  to  Sept,  21,  the  latest  mail 
dates: 


New  Orleans... 

Mobile 

Charleston*  ... 

Savannah 

Galveitou*  .... 

New  York 

Florida 

No.  Ca>-olina,.. 

Norfolk* 

Other  poru.... 

Total  this  year. 

Total  last  year 


maoaiPTs 
amos  8BPT.  1 . 


1375. 


15,7.'7 
8,8U 
18,0110 
23,;7I 
23,913 
480 
2Ji 

2,2i: 

12,7.6 
103,488 


1874. 


18,012 
»,5i3 
12,1)14 
25,516 
li,H13 
1.9  3 
IW 
I.IKC 
9.'55 
1,001 


96,310 


■XPOaTBD  StNOa  SBPT.l  TO— 


Ureal 
Britain. 


4,<Jl< 


Wll 


France. 
1,6.0 


I  other 
For'jcn 


l.(M| 


IO,94« 


i,6I9 


11,092  I      2.3II9 


Ml 

■788 


2,333 

to" 


6,258 
'93s 

t'.sti 


11,831 


Coast- 
wise 
Porta. 


5.06J 
5.  .'28 
9.523 
18.3 '1 
11,727 

'2» 

1,559 
11,872 


53,636 


5S.S32 


Stock. 


21,816 
4,5ii8 
11,133 
11,517 
18.919 
28,57« 

iI'm 

2,503 
11,500 


106,600 


U8,437 


*  UriOerthe  head  of  u/'.'irt^^'."H  u  meiuded  I'ori  Uoyal,  Ac  ;  under  the  h>'ua  <>f 
Oalvemonli  included  tndtanola.  Ac;  nnder  the  head  of  Karfolt  Is  Inclnded  Clly 
Point.  Ac. 

The  market  for  cotton  on  the  spot  was  quite  dull  early  in  the 
week,  and  quotations  were  farther  reduced,  until  ou  Tuesday,  mid- 
dling uplands  stood  at  13Jc.  At  this  point  some  degree  of  stoadinesa 
was  developed,  the  inquiry  becoming  more  general,  and,  in  the  face 
of  a  declining  market  at  Liverpool  and  excessive  receipts  at  the 
ports,  prices   ruled  steady  on  Wednesday.    Gold   also   advanced, 
but  as  it  was  attended  with  great  depression  in  exchange,  it  had 
no   effect.     On   Thursday,  Liverpool   reported   a   partial  decline, 
but  this   market  was   steady,  though  quiet.     Today,  quotations 
were    revised  ;  high    grades    were    reduced  Jc,  and  the  medium 
grades  116!§lle.,  but  the  low  grades  were  unchangei.    For  future 
delivery,    some   irregularity   was   developed    on    Monday.     The 
opening  was  weak  for  the  early  months,  and  they  de?lined  l-16c., 
but  the  later  months  remained  steady,  and  at  the  close  the  decline 
in   the   early   mouths   was   recovered,  and  the  later  months  ad- 
vanced l-16c.     But  on  Tuesday  and   Wednesday  depression  pre- 
vailed.    The  weather,  as   reported  to  the  Cotton  Exchange,  had 
become   milder,  and  very  favorable   to  tlie  complete  maturity  of 
the  crop,  as  well  as  to  a  reasonable  progress  in  picking.     Indica- 
tions   of    hostilities    between    England    and    China    were    also  a 
weakening  influence,  and   the  prolonged   troubles  between   the 
operatives  and  mill  owners  at  Fall  River  had  a  tendency  in  the 
same  direction.     Still,  the   early  months  were  weakest,  and  Sep- 
tember, BO  far  from  indicating  a  "  corner,"-  closed  at  13  1  16c. .  a 
decline  of  |c.   from  last  Friday.    On   Thursday,  there  was  a  re- 
covery ot  fully  l-lOc,  without  special  influences  in  that  direction, 
except  a  demand  to  cover  contracts.     The  effort  of  the  mercan- 
tile interests  of  Great  Britain  to   prevent  hostile  demonstrations 
toward  China  probably  had  some  effect  also.     To-day,  the  market 
opened   stronger,  but,  under   free   receipts   and  oiher  depressing 
influences,    the   improvement   was   lost,   and  after   'Change  the 
market  was  weaker,    sales  being   at   13  13-16c.  for  October,  128c. 
for  November,    12  31-33c.   for  December,    12  35-32c.  for  January, 
13  15-16c.  for  February,   13  5-32c.  for  March,    13Jc.  for  April,  and 
13  13  16c.  for  June.     The  total  sales  for  forward  delivery  for  the 
week  are  144,300   bales,  including  free  on  board.    For  im- 
mediate delivery  the   total  sales  foot  up  this  week    5,041  bales, 
including  1,135  for  export,  4,588  for  consumption,  218  for  spec- 
ulation and in   transit.    Of  the  above,  144  bales   were  to 


arrive.     The  following  are  the  closing  quotations  ; 

New  Classification. 

Uplands. 

Alabama. 

New 
Orleans. 

Texas 

Ordinary per  ». 

Strict  Ordinary 

IOX».... 

ii'^a.... 
iiva... 

12)40.... 
UJl®.... 

13  a.... 
isxa... 

nji®.... 

18*l».... 

i4j<a... 
i5j,(a.... 

inx«.... 

n^l:::: 

12i<i».... 

i2xa.... 

13K®  ... 

i3i«a.... 

13K9.... 
19K«.... 

loxa.... 

IIHO.... 

12  ®  ... 

12HB.... 
I3K14.... 
13X®.... 
ISH®.... 

\tH9.... 
14H».... 

i5xa.... 

10*®.... 
llK«.... 

(40od  Ordinary 

v.%&::. 

Strict  Good  Ordinary 

I2X«.... 

LowMlddlini 

Strict  Low  Middling 

:3  a.... 

16  V®.... 

Middling 

13H®.... 

»ood  Middline 

13H«.... 

Strict  Good  Middling 

14    ».... 

Middling  Fair... 

14XA.... 

Fair....:. .....:::::..:::::: 

152S.... 

Good  Ordinary..., 

dtr  let  Good  Ordinary  . 


STAINED. 

Ill*  (Low  Middling.. 
]:H  I  Middling 


.  12 
.  12X 


Ueiow  wu  give  tue  sales  Ol  spot  aua    transit  cotton  and   priced 
UpiindsKl  this  market  each  dav  of  the  past  week  : 


New 
Classification. 


Saturday 

Mpnday 

rntsday 

Wsdnesdaj... 

njuAaay 

FrUay 


Total.. 


SAUKB 

.    1 

FBI' 

kk. 

Con-  Spec- 

Trau.                1 

Good 

Low 

Elp't. 
190 

sump. 

ula'n 

Hit. 

Total. 

Ord'ry 

Ord'ry. 

MIdl'g. 
13 

-.00 

62 

9)3 

11 

12 

163 

1,115 

124 

1,107 

io;< 

11« 

ViH 

400 

735 

•  •■• 

1,133 

ICX 

U« 

12* 

315 

790 

i7 

•  •.» 

1,153 

lOV 

IIX 

13X 

21 

761 

15 

8il3 

10« 

IIV 

12* 

8 

484 

493 

ll'X 

IIX 

12X 

1,135 

4.383 

218  1    .... 

5,941 

Mid- 
.  dllnr . 

li 

13  b( 

isS 

18X 


For  forward  delivery  the  sales  (including  free  on  board* 

have  reached  during  the  week  144.300  bales  (all  middling  or  an 
the  basis  of  middling),  and  the  following  is  a  statement  of  the 
sales  and  prices 


For  September, 
bales.  CIS. 

?«!  »■"•■■  ha  1.16 


...13  8-32 

••••Jwx 

"".13  5-S3 


900 
100  B.  n 

1,510 

201s.  n. 
900.     .. 

^■SSs-.v.:: !'»"«! 

2,000 13  7-33 

S.'OO 13X 

1,800 13  6-16 

800  IS  ll-fi 

100 iSX 

2.1100 !S  13-32 

2.0:10 IS  7-16 

100...     ..IS  15-32 

19,101  total  Sept. 
For  October. 

l.'.'flO .  13V 

3,3(10 12  2>-33 

5,630 12  IS-lt 

a.90J 12  '37  83 

5.600 n% 

4.9(10 12  29-33 

600 12  15-15 

4,700 12  31-33 

2,1(10 IS  1-33 

900 13  3-32 

n.TOO  total  Oct. 


For  November, 
bales.  cts. 

1,800 12H 

1,000 12  2i-3i 

1,800 12  11-16 

6,1U0 13  H-iZ 

l,20n 12V 

600 13  13-16 

100 12  27-33 

31)0 12X 

12,900  total  Nov. 

For  December. 

1,500 12H 

200 13  3. -32 

800 12  ll.;6 

3,900 12  33-32 

4,100 13V 

200 12  isie 

103 \m 

600 12  2933 

300 13  li-i« 

11,700  total  Dec.      . 
For  January. 

500 12V 

2,100 13  '35.33 

2,300 12  13.IH 

4,800 12  3;.S3 

11,600 !3« 

3,5(10 12  2J-S 

3,800 U  15-li 


bales.  ctB. 

•3,' 110 13  31-32 

1.700 13 

32,100  total  Jan. 

For  February. 

lai 1315.16 

.2,1)00 12  31-32 

5.200. 13 

2,700 13  1-33 

1,'300 13  1.16 

800 13  9-32 

luO :3X 

600 13  5  33 

12,7011  total  Feb. 
For  March. 
60O IS  5-32 

S.OOO 13  816 

SOO 13  732 

S.8U0 U!< 

600 13  ''^ 

COO 13  5  16 

4W 13  ll-:t2 

6Q0 13X 

10,SOO  total  March. 
For  April. 

200 I3X 

400 13  13-32 

MO...... ...13  7-16 

i[r;  iiioa  li 


bales.  ot4. 

200 13  15-32 

300 13H 

201 19  17-33 

1,200 13  9-16 

2,900  total  April. 

For  May. 

300 13H 

11)11 1321-33 

SOO 13  11-U 

300 !3  28-:>2 

500 IS* 

1,S(X)  total  May. 
For  June. 

800  IS  '3733 

300 I3« 

700 IS  15-16 

100 18  3183 

1,300  total  June. 

For  July. 

100  13  13-16 

600 11 

500 14  1-16 

1,200  total  July. 

For  August. 
600 W.6-32 


0<?lp)^  2,  187f  ] 


THE  CHRONICLE 


827 


wlag  azehanffe  wss  made  daring  the  week  : 
gkrmoe<.lerr*b. 


The  foIIo' 
Jie.  p4.  to  (lek. 

The  folloirinir  will  ahow  spot  qaotattoni  and  the  elosing  prices 
bM  for  fotaree  at  the  aeraral  dates  named : 

■  lOdLtJie  OrL^JtOm^AMMMlCxn  QbAiairiCATlOV. 


oaieet 


rn. 

tt  l-M  It 

tiv  It  U-'.i 

II  il-n  U  15-M 
l»i-W  ISK 

itaHh... utvfl  uii-n 

frU UK  lS»-» 

UO-l*  tlK-« 

14  i-n  u  n-ct 

H  «-U  UU 

Mt M  i-M  UV.' 

•pec....     «»  tv 

■MiMfiitafe...   I'JW  lijm 

0«lcl  .  ... ItSJt  ll«H 

lUeiuKMa I.M^  l.3>< 


4S?„ 


M<ra. 

a  i-M 

UT?-n 

It  M--J 
II  .-7-4! 

II  I-n 
tit-it 

It  <i-^ 
u  r,-i: 
II 

\% 


Toas. 

It  ii>'.« 

litMl 
19  II-W 

II  m-n 

U  !-!• 
tIS-U 
l.l« 

■i:.\m 
iitx 


Wwl. 

u  1-u 


Than. 


lav 

U»-S1 

ttti-tt 

liit 

U»t-JI 

•J? 

u  n-ti 

U  IS-<t 

M 

IS5-H 

U7-» 

ISH 

It  7-H 

19  !♦-»; 

IS  il-Sl 

us-s: 

It  rt-ii 

11  Sl-S 

II 

II  i-i« 

I.IU 

'iH 

aa.*i) 

I-.TW 

^ 

IIIM 
4.7.H 

Fri. 
lt)< 

it'is-tt 

It  IJ-I( 

II  I-n 

It  >•« 
It  IV!( 
tt  >t-tt 

:>.ita 


WcATflKB  KxrOR'n  BT  I'KLEOR.VPB.— Our  telegram*  to-night 
would  indicate  that,  over  a  ▼err  eoDaiderable  aection  ot  the 
South,  the  week  Uas  not  been  favorable  for  the  developaent  and 
ia-satheriog  of  the  crop.  General!/  the  rainfall,  however,  was 
daring  the  flrat  half  oi  the  werk.  the  latter  portion  of  the  week 
bolag  madi  more  aatiifaotory.  We  noUoe  that  there  was  another 
•arerH  raio  in  Texas  last  Saturday— of  coarse,  nothing  lik^  the 
pMViooa  storm  ;  bat  oar  cotrespoodent  appears  to  think  it  did 
eonsldeiable  harm,  thongh  there  baa  been  no  rain  through  that 
metloD  sincf. 

OalttiltM,  Tttat. — We  bad  an  anosiuUT'  severe  storm  here 
last  Saturday,  ullh  a  rainfall  of  nix  inches  and  sixtyHhree  hun- 
dredths. It  did  much  damigt-  lo  the  crops  prostrated  by  the 
CTcIop*.  aad  has  latarferaiLwiili  the  picking  this  week.  The  area 
of  crop  damsgo  bj  the  previous  cyclone  is  from  San  Marcos  River 
lo  the  Sabine  River,  and  from  tli«  Golf  to  a  line  drawn  through 
Anitlo,  ('rocketi  and  San  AutcUKtine.  The  aorthTn  part  of  the 
Stat*  was  not  mnch  bnrt^  but  tlie  damage  giadually  IccreasM  a* 
jroa  come  southward,  resahing  great  4«struetioa  on  th*  coast.  I 
cannot  estiaate  aecaralety  at  present.  The  trath  is  bad  asouf^h. 
bat  there  has  been  great  azaggeratioa.  Th*  ther«ome<«r  this 
wwk  bar  aMraged  70.  tkm  highsst  Mag  Ma^  the  lowest  SI. 
Tba  rainfall  hers  daring  September  wshad  tb*  eaormons  total 
•f  slstaaa  Inshsa  and  Ave  httndredtha. 

Ckrtkiaum.  Ikaasi— U  ipttakled  hsia  ea  two  dajs  this  waec. 
the  ratatall  bataf  flitaaa  hundredths  of  an  incli.    The  rainfall 
for  the  asnath  baa  bsaa  aavsn  ioclisa  aad  Hfty-eigbt  hundraJtbs. 
baa  baaa  vasy  wtadr  this  week,  bat  no  sariooa  damage  has 
bare  been  warm  bat  the  •Ufata  cold.    The 
'  e4,  tUs bighsel beiagM and  the  low- 


in  some  sections.    Average  thermometer  74  highestSO  and  lowest 
(W. 

Jfaeon,  Oeorgia. — The  weather  the  past  week  has  been  very 
unfavorable  for  picking,  rain  falling  on  four  days  to  the  extent 
of  three  inchea  and  ninety  hundredths.  The  thermometer  haa 
averitfed  66.  the  extremes  being  58  and  74. 

Atlanta,  Otorgia. — U  was  showery  on  two  days  and  misty  one 
day  the  past  week,  the  rainfall  for  the  week  reaching  fifty-four 
liuoJredthg  of  an  inch.  The  remainder  of  the  week  was  pleasant. 
Average  thermometer  63.  highest  70  and  lowest  55.  Kainfall  for 
the  month  four  inches  and  sixty-five  hundredths. 

Catumiiu*,  Georgia. — There  were  three  rainy  days  here  the  past 
week,  the  rainlall  reaching  four  inches  and  eleven  hundredths. 
Average  thermometer  6(!,  highest  70  and  lowest  50. 

Satannah,  Otorgia. — We  have  had  warm,  sul'.ry,  wet  weather 
this  week,  the  thermometer  averaging  68,  and  ranging  from  68 
to  83.  The  rainfall  for  the  week  reached  two  and  twenty-nine 
hundredths  inchfe,  there  having  be«n  three  rainy  days ;  and  (or 
the  month,  the  rainfall  has  l>een  three  inches  and  filty  hundredths. 

Augutta.  Otorgia. — The  weather  the  past  week  has  been  cxwl, 
the  thermometer  averaging  60  and  ranging  from  52  to  97.  There 
were  five  days  on  which  we  had  showers, the  rainfall  aggregating 
fifty  eight  hundredths  of  an  inch.  Piciting  is  making  line  pro;^- 
reaa  and  planters  are  sending  cotton  forward  freely.  Kainfall 
for  the  month,  three  inches  and  twelve  hundredths. 

C^arUdon,  South  Carolina. — We  had  rain  the  early  part  of  the 
past  week  lo  the  depth  of  one  inch  and  fifty. three  hundredths. 
Picking  ia  progressing  finely,  though  the  plant  in  tlie  eastern  and 
lower  portiona  of  the  State,  including  Sea  Islands,  is  yielding 
poorly.     Average  thermometer  OS,  highest  81  and  lowest  57. 

The  following  statement  we  Itava  also  received  by  telegraph 
ahowing  the  height  of  the  rivei:^  at  the  points  named  at  3  o  clock 
this  aftemooo  (Friday,  Oct  I),  We  give  last  year's  figarea 
(Friday,  Oct.  2. 1874)  for  comparison : 


It 
beefttfeaa. 


Tbedays 


Iftm  QKsoas.  ZviiMaiia.— It  rained  bate  on  two  days  of  the 
week,  baavliy,  the  rainfall  raacUlng  seven  and  twenty  fire  hun 
dredlbs  lacbea.  Balafall  fur  the  aootb.  eight  !nrh<»4  aad  fifty  ■ 
four  handredlha.    Tbe  themi'>'ii>-i«r  haa  avers 

Mrttport,  Louitiani».—Ki.c>i':\Dg  rain  on  -lay,  the 

wether  durioir  the  week  has  l>rea  cleat  aad  c«.;ii  <..>aon  1*  ar- 
riving very  Ireeiy.  and  large  quaatltlea  are  expected  aest  week 
I  b--ri<  la  plenty  of  water  for  shipping.  Rainfall  for  lb*  WMk, 
ooe  fiiurtli  of  aa  loch.  Thermometer,  average  87,  hisheat  H't  not 
lowest  Mt.  Cora  ia  abaadaai  in  the  Low  Lands,  bat  not  so  pleatr 
in  tbe  Uplands. 

Vilkmurf,  JfiMimppL—ThTti  waa  one  rainy  day  bare  the  past 
week,  the  lalafatl  tsaeblng  eighty  eight  haadredttis  of  ao  inch. 
Average  ihamomatar  97,  blgheel  70  aad  Uiwaat  M. 

Ctlmmbut,  JCmimippt—Thu  early  pan  of  tbe  post  week  we  had 
two  raiay  day«,  sbowrry,  hut  the  latter  part  has  boeo  clear  and 
pUaaant.  The  mp  i*  I>r4ng  ■vol  t«  atarket  fiealy.  Average 
th>-naoiiieler  0-<,  kl>;)>pat  7'  and  lowcat  01. 

LiltU  Rttt,  ArLin»,u.  —  W.-  had  a  slight  rola  here  on  Saturday 
last,  rha  mnainJrr  of  tbe  week  eraa  bright  aad  pleaaaol.  The 
tliermometer  has  averaged  70.  the  WgfMai  betog  W  aad  tbe  low. 
est  40.    Tout  ralafill,  eleven  hundredlba  of  aa  taofa. 

NatkeiiU,  TVaasssis.— We  hail  rale  bare  oa  one  day  daring  the 
peat  week,  tbe  lalafall  reaching  nloecy-nla*  baaiiedtba  of  aa 
laeh.  Tb*  tbennomster  has  averaged  Ol.tba  bigtieat  belo>r  Ti 
aad  thn  lowe.1  30.  -m  m  r. 

Mtmphu.  '/eaassBM.— Tbe  weather  haa  beaa  eold  aad  dry  all 
the  week.  We  have  bad  a  fro«l.  bat  n«  a  killiag  frnet.  Pick 
lag  baa  been  interfered  with  by  the  aleotloa  esdiemtnt  in  Missia- 
riMi  aad  bjr  siekaeaa  aeaeimlly. 

JTsMb.  AUbama.—\i  baa  rain  eonatoatly  aad  serarsly  oo  three 
days  tbia  waek  aad  waa  cloudy  and  cool  two  days.  Tbe  rain  was 
In  tbe  early  part  of  tbe  week  ,  aa  tbe  week  eloaee  there  ia  a  favor- 
able change.  IVkiag  has  been  Inlerfsnd  wltb  by  the  rains. 
The  eaaae  of  the  large  reeeipU  this  week  Is  tbe  higher  water  la 
the  tribatary  rivara,  aad  oottoe  is  enmiag  lo  market  looie  freely  la 
enaseqveaee.  The  tbenaomator  b&s  avetagad  08,  the  higheal 
betag  TV  aad  the  lowest  S3.  Total  rainfall  six  and  aerealy  buo- 
dredlhs  lacbeat  for  the  nMotli  eight  an<l  hftytwo  li  jadredua. 

MotUgvmtrf,  AUbama.—W^  had  four  rainy  davs  tbe  earlier 
part  of  the  week,  tbe  latter  part  being  dear  aad  pleasant.  The 
tbervomatec  baa  ateragsd  00.  the  hlghast  being  79  aad  tbe  lowest 
SSL  Batafalt  (or  tbe  week  five  and  eigbty-Ove  baiulredlha.aod  for 
thamoatb  eight  aad  thirteea  haadfedtbs  iaohee. 

Uttma,  Alabama. — It  baa  Imen  rainy  three  daya  tbe  peat  week 
aiH  It  Is  BOW  doody  and  ihr-atening.  Tbe  raiafall  haa  reached 
four  and  el^bty-foar  hundredths  inches  and  ths  thermometer  has 
avenged  7S. 


--Oct.  l.TB.-, 

Feet.      loeli. 

.      8  10 

.     1»  7 

4  4 

14  0 


^Oet.  t.Tt.^ 

Feel. 

iBCh. 

1& 

0 

5 

4 

11 

11 

Vaw  Orleans.  .Below  hifit  witer  mirk 

Maaipkli Above  low-wai«r  maric 

llssavllle Above  low-wstcr  mark 

9>rem>ort. . . .  abo»«  low-w«i«r  mark 

VIsbsbars....  Above  low-walarnitik tt  o 

Hew  Orltaaa  reported  below  high-water  mark  of  1871  until 
Sept.  9,  IVfi,  when  the  aero  of  gauge  waa  rhanged  to  high-water 
laarfc  of  April  15  aad  10, 1874,  which  is  6-lOths  ol  a  foot  above 
1071,  or  10  feet  alxive  low-water  nark  at  that  point. 

OoRXKBiva  Ctyrrox.— Buying  and  selling  futures  are,  within 
eartalo  limits,  aa  legitimate  a  branch  of  the  trade  aa  opetationa 
In  spot  cotton.     This  Summer  the  planter  has  in  rerj  many  caaea 
thus  sold  his  crop  st  a  figure  eoasiderably  above  what  he  could 
now  realise.    And  at  all  tlmee  the  manufactarer  haa  by  this  means 
the  opportunity  to  fix  the  price  at   which   he   can  proC'ire  the 
raw  mater.al  every  month  of   the  year  tiefore  ho  maiteii  contracts 
for  gooda.     Bat,  besides  traniaetions  ol  this  character,  there  maat 
always  be  maeh  that  is  more  purely  speculative,  and  any  attempt 
to   root  out  ap<<culation    from   any  commercial   market  woul  i  Lie 
fblly.     So  long  as  there  are  crops  to  be  raised  and  auch  uncertain 
elements  as  the  ■cr>'agi>,  the  weather,  the  preeent  condiiion,  and 
tbe  consumption   entering  into   the  problem,  we  abali  find   thoee 
who.  iraaiipg  to  their  iurormatlon  and  foivalgbt,  will  trade  on  the 
probabilities.     Within  proper  limits   even  thisVls  desirable  and 
legitimate.     The  merchant  who,  by  greater  dil^r^oce  and  care  in 
informing  himself,  becomes  capable  of  making  a  wiser  judgment 
ihoa  another  ia  entitled  to   use  that  knowledge  in  a  proper  way, 
aad  will  always  obtain  an  advantage  over  his  lees  watchful  and 
less  discerning   neighbor.     But  there  is  a  class  of  transactions 
which    u>    us    do    not    seem    to    preeent   any    redeeming   fea- 
tores.      We    refer    to    the    peraistent    selling    of     cotton    to 
depress    tbe    price,    aad    to    tiie    cornering  of    cotton    ani  tbe 
attempt  to  do  so— an  instanceof  which  we  bad  the  past  mootii — 
lo  ralee  that  price.     Cotton  la  now  nndoabtedly  low — intrinsically 
low  ;  and  If  there  was  any   legitimate  way  ol  giving  It  a  higher 
value  we  woald  be  glad  to  aaaist  in  doing  it.     But   we  believe  it 
la  beet   for  all   concerned   that    natural  causes  so  liir  as  poesiblo 
sbonld  be  left  to  act  freely  and  produce  their  natural  results.     In 
this  way,  and  only  In  this  way,  can  there  be  any  eert«inty  about 
the  market,  or  any  lafe  baais  lor  one's  desiingn.      Of  course  it  is 
Impoasible  le   keep  out   every   disturbing   force ;  for    instsnce, 
weather  reeeida  will  always  be  exaggerate<i  or  twisted  to  suit 
tbe  plana  of  tbe  speculator.    These,  however,  and  oilier  similar 
taflaeocos,  the  eloee  obeerrer  eaa  allow  lor  ;  bat  the  overweight- 
log  the  market  with  short  sales,  or  tbe  screwing  it  up  by  a  coruer 
twist,  are  alike  haroiful  to  legiilnate  trade,  aad  those  who  lose 
la  sach  battles  will  find  bat  few  syupatbiaan. 
"  CTtrog  MovKitKirr  AMD  Chop  of  1874-75.— Want  of  space 
compelled  ua  to  omit  portions  of  our  crop  report  last  week.     The 
omitted  portions  will  Im  found  in  our  editorial  columns  to-day. 

BotCBATSatrMKirT*.— Aceordiagtoourcable  dispatch  received 
Wvday,  there  bave  l>eea  no  bales  shipped  from  Bombay  to 
Oreat  Britain  the  paat  week  and  no  bales  to  the  Continent, 
while  the  receipts  at  Bombay  during  the  same  tlnm  havo  been 
1/100  bales.  The  movement  since  the  1st  of  January  is  as  follows. 
These  are  the  figures  of  W.  NIeel  A  Co.,  of  Bombay,  and  are 
brought  down  to  Thursday, Sept.  HO: 

.-Wilpieeats  this  week-.  ^-SialpaMatsitnee  Jan.  1—, , Bscalnts , 

QoMt      Con-  Ortat       Ui>n-  Tbt«     Since 

Mtaia.    Uaeot.    Total.     Hnuln.    tInonL    Tolsl.      week.    Jsn  1 

IMS mi.ono   4ivfl00  l.ms.OM      1,™*)  l.«4iinnn 

IS74 t.000      i,(<aa      3,sm    TW.noo  sm.ouo  i.isi.ono      i.noo  i.ii4w<o 

lam 1.0(0      I.OM      1,000    stslOW)   tv.ooo    kts.ooo      t.nno    ni.oco 

From  tne  foregoing  it  would  appear  that  compareM  with  last 
year  there  is  a  dsersos*  of  3,000  boles   this  year  In  the  week's 


tjf'rV^.'i^'^T^      J'"^  *"'•  '^'■'*  "'"'  **'■  "••  P^  "•k.    aUpmeoU  from  Bombay  to  Europe,  and  that  the  toUl  movement 
^  ralaralt^reaelllag  three  and   elgbly  five  haodr<dtba  lacbea    siaoe  January  1  shows  an  inertatt  In  shipmenU  of  t 
Tboie  In  no  Imptoreaeat  in  cotton,  and  caterpillan  hare  appeatvd '  ooapaied  with  the  corresponding  period  oi  1874. 


328 


THE  CHRONICILR 


[October  2,  1875 


QuNNT  Bags,  Baqqino,  &c.— Ttie  market  for  batrginir  has 
retnaioed  quiet  duriog  tUe  paaC  week,  and  prices  bave  ruled  a 
shade  easier;  gales  are  reported  of  3,000  rolls  at  tne  reduced 
figures  ;  we  qunte  at  the  close,  1:<@I3^C.  Bales  are  quiet  at 
9{@l0u.  f'lr  ladia  aad  13^c.  lor  Burafo  here,  and  13^13^c.  in 
BosloD.  Bat;s  also  are  quiet  and  nominal.  Sales  of  butts  liave 
been  made  during;  the  past  month  ot  aboat  7,000  bales  on  spot  at 
3J@3c,,  cash  and  time,  and  15,000  bales  to  arrive,  at  2}@Jic.,  cur- 
rency, cash  and  time,  31^3^0.,  gold,  duty  paid,  time.  Socks  in 
New  York,  October  1,  3,700  bales,  and  in  Boston,  2,3)0  bales. 
Prices  are  quoted  there  at  31c.,  and  on  spot  at  3  15-le@3c.,  th>- 
market  closing  firm  at  these  quotations. 

Visible  Sopply  op  Cotton  as  .viadb  op  by  Cable  and  Tblb 
GRAPH. — Below  we  givo  our  table  o(  visible  supply,  as  made  up 
by  cable  and  telegraph  to-nii;ht.  The  continental  stocks  are  tlie 
Gifures  of  last  Saturday,  but  the  totals  for  Qreat  Britain  and  the 
afloat  for  the  Continent  are  this  week's  returns,  and  consequently 
brou^lit  down  to  Thursday  evening; ;  hence  to  make  the  totals  the 
complete  figures  for  to-night  (Oct.  1),  we  add  the  item  of 
exports  from  the  United  States,  including  in  it  the  exports  of 
Friday  only. 

1875.  1874.  1878.  137-2. 

Stock  at  Liverpool 713,000  731,000  645,000  704,000 

Stock  at  London 6<l,»)0  110.000  207,750  3)1,000 

Total  Great  Britain  stock  ....  779,500  841.000  86'J,r50  915,0(10 

StockatHavre 192,S50  IKfiOO  V)6,'r,0  232,000 

Stock  at  Mareeilles 4,SG0  13,MX)  10.000  17,000' 

Stock  at  Barcelona 53,000  62,000  29.000  52,000 

Stock  at  Hamburg 12,250  17,000  31.000  16,000 

Stock  at  Bremen 81,260  40,600  40,000  39.000 

Stock  at  Amsterdam ...  60,000  S«,000  lOO.OiO  .74,000 

Stock  at  Rotterdam 9,760  23,000  26,760  ll,0li(i 

Stock  at  Antwerp 7,000  9,760  20,000  40,000 

Stock  at  other  continental  port?. .  11,000  26,000  6S.000  6:),00J 

ToUl  continental  ports 379,750  448,750  421,5C0  694,000 

Total  Earopean  stocks 1,159,250  1,889,760  1,274.250  1,499,000 

Indlacottonafliat  for  Europe....    301,000  262,000  229,000  251,00J 

American  cotton  afloat  for  Barope     25,000  21,000  33,000  37,000 

Egypt,  Brazil,  Ac.afloat  for  E'rope     25,000  41,000  60,000  55.000 

Stock  in  United  States  porta 164,618  162,504  111,649  162,648 

Stock  in  U.  S.  interior  ports 15,980  80,574  29,763  17,951 

United  SUtes  exporU  to-day 6,000  2,000  1,000  2,000 

Total  visible  supply.     ..bale8.1,696,818  1,798,528  1,733.662  2,024,5;'9 

Of  the  above,  the  totals  or  American  and  ottier  descriptions  are  as  fol- 
lowB : 
American — 

Liverpool  stock 822,000  228,000  180,000  103,000 

Continental  stocks 174,760  210,000  166,000  100,000 

American  afloat  to  Europe 25  000  21,000  83,000.  37,003 

Unted  Slates  stock 164  618  162,60»  111,649  16?,648 

r.tedStates  interior  Blocks...   .      15,930  30,574  29,763  17,951 

United  States  expoiU  co-day 6,000  2,000  1,300  2,000 


Bxportaot  Oottan(balea)iyoia  Ketv  Vorlxsluceitept.I,  1816 


Total  American bales.  708,318  614,078          581,412          427,599 

East  Indian^  Brazil,  dkc, — 

Liverpool  stock 891,000  6C8,OfO 

London  stock 66,500  110,000 

Continental  stocks 2(5,C00  238,750 

India  afloat  for  Europe 801,000  262,000 

Egypt,  Brazil,  &c.,  afloat 25,000            41,00a           60,000            65,000 


4B5,000  596,000 

207,750  2:11,000 

255,500  461.000 

229,000  251,000 


Total  Bast  India,  *c 983,500 

Total  American 708,348 


1,154.760 
644  078 


1,217,250 
521,412 


1,5«7.000 
427,599 


Total  visible  supply. ...bales. 1,696,818       1,798,823       1,733,663       2,024,5^9 
Price  Middling  Uplands,  Llverp'l.    6Xd,  8d.  8Ji®9d,    9X®9Xd. 

These  Bi^ures  indicate  a  decretae  in  tiie  cotton  in  siKbt,  to- 
night, of  101,9SO  iiales  as  compared  with  the  same  date  of  1874, 
and  a  decreate  of  41,811  bales  as  compared  with  the  correspond- 
ing date  of  1873. 

Mo7BMB^fTs  or  Cotton  at  tub  Interior  Ports.— Below  we 
give  the  movements  of  cotton  at  the  interior  ports — receipts  and 
Bhipmen's  for  the  week,  and  stock  to-night,  and  for  the  corre 
sponding  week  of  1874: 

. — Week  ending  Oct.  1,  '75 — , , — Week  ending  Oct  2,  '74. — , 
Kectiiots.  Sht[»meuts.  Stock.    Receipts. Sbipinants. Stock 

Augusta 5,278  '      '  '  ~" 

Columbus 1.659 

Macon  1.8* 

Montgomery 3,179 

Selma 3.432 

Memphis 4,3:M 

Sashvilie 755 


Total,  old 20,583 

Shreveport 2,4)2 

Atlanta. ...     1.710 

St.  Louis 1,102 

Cincinnati 1,871 


7,391 

2,412 

3,6:6 

2,855 

4,337 

1,199 

1.400 

2,328 

1,714 

2.0-10 

1,509 

1.2lt0 

2.776 

2.363 

2.75-2 

8,253 

2.611 

3,178 

2.an 

2,576 

2,435 

2,991 

2.500 

2,366 

8,:)B3 

2,7il3 

4,025 

7,762 

4,12:) 

I:),o:-2 

669 

1,231 

860 

453 

3,484 

19,161 

15.980 

23,070 

16,220 

30,5-4 

874 

2,217 

1,016 

588 

1,370 

1,285 

745 

1,615 

1,592 

4111 

53) 

962 

2,412 

791 

3.S<>S 

1,816 

621 

872 

1,837 

4,3-22 

Total,  new  • 


7,115 


4,588 


4,415 


5,975 


4,208 


9,691 


Total.all 27,693         23,742         20,425         29,015         20,4-28         40,265 

The  above  totals  sliowtliat  the  old  interior  stocks  have  i»crea«o(< 
during  the  week  1,429  bales,  and  are  to-night  14,594  bales  le^t 
than  at  the  same  period  last  year.  The  receipts  have  been  3,487 
bales  leas  than  the  same  week  last  year. 

Tiie  exports  ot  cotton  from  New  fork,  this  week,  show  an 
increase,  as  compared  with  last  week,  the  total  reaching  7,740 
bales,  against  2,781  bales  last  week.  Below  we  trive  our  usual 
table  showing  the  exports  of  cotton  from  New  York  and  thoir 
direction  for  each  of  the  last  four  weeks  ;  also  the  total  exports 
and  direction  since  Sept.  1, 1875 ;  and  in  the  last  colazun  the 
total  lor  the  same  period  ot  the  previoas  year. 


WaSK  aHDIHS 

Total 

to 
date. 

11,157 

Same 

sept. 

aoi 

2,766 

Sept. 
2^. 

6,316 

prev'us 
year. 

Mvorpool         

1,809 

17,654 

Other  Britiih  PorU 

Total  Co  OC,  Britain 

1,801 
19 

202 

2,766 

5,316 

11,157 
19 

17,itS4 
3,S0» 

Other  French  porta 

19 

'iio 

'673 

15 

1,080 
l,3i4 

19 

1,095 

151) 

1,887 

t,80S 
400 

Bremen  and  Hanover 

Total  to  N.  Bnrope. 

Spain  Oporto&Qibraltar&c 
All  otners 

160 

673 

15 

2,394 

8,132 

400 

Total  Spain,  dec 

.... 

.... 

.... 

.... 

Crand  Total 

1,478 

775 

2,731 

7,740 

14,303 

20,363 

The  toUo wing  are  the  receipts  of  cotton  at  Mew 
Philadelphia  and  Baltimore  for  the  last  week,  and  si 


Ifork,  Boston, 
nceSeDt.l,'7C: 


BBoa'Ts  raoii- 

HBW  TOBK. 

BOSTON. 

PHILADILP'IA 

BALTIMOBX. 

This 
week. 

Since 
Sept   1. 

This 
week. 

Since 
Sepkl. 

This 
week. 

Since 
Sepul. 

i;486 
'8-25 

This 
week. 

'908 

'680 
210 
471 

Since 
Sept.1. 

.Sew  Orleans.. 
Texas     

2,987 
5.0ii7 
6.247 

'213 
8.0:i2 
1,195 
9,171 
95 
1,199 

7,2  6 
8,150 
11,010 

'475 

10,-385 

1,954 

13,11:) 

1-26 

1,679 

876 

'M7 

1,879 

800 

'718 

781 

8,181 

978 

"653 

"m 

... 

3avannah 

Mobile 

B'iorida 

3'tb  Carolina 
!«'tb  Carolina. 

Virginia 

tlorth'rn  Portf 
rennessee,  Ac 
foreign 

1,870 

i,m 

359 
956 

"56 

Total  this  year 

29,016 
~22872 

54,147 
53.231 

2,914 

5,653 

824 
923 

1,761 
2.2-22 

2,169 

4,013 

rotallast  year 

3.129 

11.644 

807 

2.M6 

Shipping  Na^va. — The  exports  oi  cotton  trom  the  United  Stated 
the  past  week,  as  pel  latest  mail  returnR,  have  reached  11,56^ 
bales.  So  far  as  the  Southern  ports  are  concerned,  these  are  the 
game einorts  reported  by  telegraph, and  published  in  THECanON- 
ICLK  last  Friday,  except  Galveston,  and  the  figures  for  that  port 
are  the  exports  for  two  weeks  back.  With  re^fard  to  New  York, 
we  include  the  manifests  of  all  vessels  cleared  up  to  Wednesday 
Qieht  of  thit*  week.  Total  bales. 

Sew  York— To  Liverpool,  per  steamers  Algeria.    3f\9..    Wisconsin, 
3,737....  SpaiQ,  79'J  and  6  Se  I  Island.  .  City  of  Montreal,   450  ... 

Celtc,  1,185 5,*I46 

To  Bremen,  per  steamers  Sailer.  9 18  . .  Oder,  132    1  ,fWO 

To  Rotterdam,  per  6t(!am(-r  Rotterdam.  1,067 1  087 

To  Antwerp,  p  t  steamer  State  of  NpvadH.  247 247 

NbwOklbans— To  Havre,  per  bartLS  Flor  nee  Magaret,  911 Chev- 

renil,  6^4 ..  1,6''0 

To  Vera  Cruz,  per  steamRr  City  of  SCexlco,  642 , 64  J 

Satahnah— TnReval,  93)  Upland ..        916 

Baltimorr— To  Liverpool,  per  ste.imar  Qracia,  580 580 

To  Bremen,  per  eleamer  Braunsch  weig,  67 67 

Total 11,564 

The  lirticalarsnf  these  shipmeata, arrauf^fed  in  our  asaalform 
are  as  follows: 

Liver-  Bre-  Rotter-  Ant-  Vera 

pool.  Havre,  men.    tUm.    werp.  Reval.  Cruz. Total. 

NewYork 5,846      ....     I,0a0    1,06?       217      7.740 

NewOrUans... 1,600     642      2,943 

Savannah 935      ....         935 

Baltimore 580     ....         67      647 


ToUl 5,926    1,600    1.147    1,067       247       935       642    11,564 

Below  we  give  all  news  received  to  date  of  disasters,  &c.,  to 
vessels  carrying  cotton  from  United  States  ports  : 

Rkbbcoa  Clyde,  str..  from  Wilmington,  N.  C,  for  Baltimore,  damaeed  her 
engine  off  Hatteras  Light,  niEjht  of  Sept.  22d,  and  put  into  Hatteras  In- 
let i3d  The  R.  C  passiid  Cipe  Hatteras  at  6:30  K  M.,  27th,  in  tow  of 
the  steamer  D.  J.  Foley,  bound  (o  d>j^tinatlon. 

StA-TS  "P  Tb  •  AS,  B'r.,  Bolger.  from  Q  ilvecton  for  New  York,  anived  at  Key 
West  S-pt.  I6th,  with  her  salonn  cabin  ba-ily  stove  in  during  i  hurri- 
cane, off  the  miiuth  of  the  Mi:»ei8-ippi  ;  arrivt'd  at  Nt;w  Y  -rk  Sept.  2tth, 
and  rep. rta  rn  the  l4th  had  fresh  gales;  at  1  P.  M,  split  fore  staysail  ; 
2  P.  M.,  srale  increasing;  furled  main  and  fore  rpiincer;  4  P.  M,,  blowing 
heavy,  with  fearful  gust^;  blew  mainsfaysail  out  of  the  bult  ropes  ;  bar- 
ometer falling  fast;  K  P.  M.,  blowing  a  complo  e  hurricane,  slowed 
dow  I  engine.  Keeping  the  ship  heail  to  the  sea ;  got  drag  re^dy  to  u«e  in 
case  of  accident  to  engines,  the  fea  running  very  hi^h  and  making  a 
comple  e  breach  over  the  ship ;  8  P.  M.,  shipped  a  fearful  eea,  which 
stove  in  the  whol'^  of  the  saloon,  breakin:;  dow  \  every  (*tate  room  in  it, 
and  completely  gutting  the  cabin  ;  also  stove  side  of  engine  room,  fire 
room  ana  cook's  room,  fore  and  aft  on  the  port  side;  also  stove  upper 
deck  and  smoking  room ;  stove  boat  and  part  of  rails  on  both  sides,  all 
the  ventilator?*  from  upper  dock,  washed  overboarl  saloon  akyiiiihrs, 
ptove  in  pilot-house  window?,  washing  overboard  everything  movable 
from  main  and  hnrrictne  deck;  barometer  fell  to  28.40;  atli»:)Othe 
wind  shifted  to  S.  E.,  which  made  a  fearful  sea,  all  h'lnds  a-sisiting  en- 
gineers with  hurricane  bulkhead^  and  using  every  available  means  to 
kevp  the  water  from  going  below  to  the  fire  a  d  engine  ro  -ms ;  mid- 
night, ship  laboring  heavily  and  the  sea  making  a  complete  breach  over 
her;  luth,  2  A.  U.,  narometer  rose  a  little  and  the  wind  abated  some- 
what; at  7  A.  M.,  the  hurricane  subsided  to  a  strong  gale. 

Cotton  freights  the  past  week  have  been  as  loliows  : 

/ -Liverpool. s, — Havre.-—*  * Bremen. «— Hambarg.— , 

"  "         " "  -^  '•     "■  Sail. 


Steam. 

Sail. 

Steam. 

HaU. 

Steam. 

SaU. 

Steam.    £ 

d. 

d. 

e. 

c. 

c. 

c. 

c. 

Saturday @¥ 

5-M8 

11-16 

Vcomp. 

Kcomp. 

Monilay ®< 

5-8J 

11-19 

Xcomp. 

)icomp. 

Tuesday @V< 

5-8» 

11-16 

Xcomp. 

Kcomp. 

Wednesday  6-16®Ji 

5-16 

Xl&Ti 

1  comp. 

Kcomp. 

rbnraday..  6-16®X 

6-16 

H&Ti 

1  comp. 

Xcomp. 

rrld*r &-16®)( 

6-l« 

)i9H 

•  •■ 

J  comp. 

Xcomp, 

October  2,  1875.] 


THE   CHRONICLK 


3291 


a«pt.iT. 

Sept.  14. 
»>.000 

Octl. 

Mjm 

61,000 

MM 

tooo 

i,0(» 

it.am 

10.0U0 

llOOO 

a,«ro 

6,000 

6,000 

T31.00O 

714.000 

713,000 

r:4.iw) 

SV.U00 

ttt.000 

it.aoo 

13,000 

■.000 

s.aoo 

4.000 

1.000 

lUOOO 

ILCOit 

14,000 

«s.ono 

181,000 

Stoonn 

iLaoo 

>4<in0 

1^000 

S-16 


LiTKKPOOL.  Oct.  1.— 4  P.  M.— By  Cabls  from  Livkr 
rOOU— The  market  bu  ruled  ateadjr  to-da.T.  Sales  of  tbe  d»j 
were  10.000  Iwlee,  of  whieh  9,0C0  bales  were  for  export  and 
apecDialion.  Of  to-dajr's  aalee  6,000  bale*  were  American.  The 
weekl7  moTement  li  given  aa  lollows  : 
SepL  10. 

BalMor  thewaek bales.    fa.0a0 

Turwankd 1.000 

or  wblebexportantook. ll.OOn 

of  ■  hick  ipacalaton look.. _..     3,000 
Tot.l  •lock 78&.000 

of  whicb  ^mericao M,000 

TouJ  iBDort  of  the  weak ;....    11.000 

of  wblcb  American. 1000 

Actaalaxpart       13,000 

AnoanikOoat Sn4,u00 

of  which  AnicrlMa U,"V 

Tk*  tni\owiag  table  will  thaw  the  <l*llr  doalnc  priest  of  eottoa  fortk*  w«t;k 
Spot.  8atar.  Noa.       Taea.       WtdBca.        Tbart.         Frl. 

Mid.  Luidt.   .M  i6-i«  ..mx   ■■Ufs    .  a*  l»-lt  .-AaV      .  MV 

do  OrWat.  . .OT  »-!•      ..VM    --ft^X      .. AT  3-16    ..•?  1-11  ..$7  ~ 

8.4n:as«T.— KoT.  dt'irrn  ftoa  8«t.  or  Chiu..  Law  Mid.  dante,  6  13-ltd. 
Hrpt  Ati  trrr  Imai  8aT.  orOhat.,  Low  MM.  claaie,  6  l«-16d. 
Oct.  d-llT«.T  from  akT  orCtM..  Low  Mid.  daan,  1 13-I6d. 
Dec.-Jan.  rhlpawnl  from  Sar.  or  Chaa.  Low  Mid.  cUom,  bow  crop,  bjr 

rail.  If  rrqsirrd,  IK  '■ 
KoT-D'C  rbipmiBt  tton  Bav.  or  Cht*.,  Low  Mid.  daaae,  new  crop, 

6I3IU 
Oct  tbipmnit  from  *•▼.  or  Cbaa.,  Low  Mid.  claaM,  new  crop,  hj  •tcaia- 

f.  If  ic^Blrad,  6  It-ltd. 
MoasiT  — Srpi.  dailnnr  from  SaT.  or  Chia.,  Lew  Mid.  diata,  offend  at 

613- IW. 
Nu'  ->>M-.  iblpnast  from  SaT.  or  Ctuu.,  Low  Mid.  daoM,  aew  cran.  bT 

Mil.  ir  nqoired.  6  13-ltd. 
OcL-NuT.  drllTOy  from  4tT.  or  Chat..  Lnw  Mid.  daaw,  tKiL 
Dec -Jan.  •bipaMat  from  8av.  or  Cbu.,  Low  Mli  citoM,  new  crop,  bT 

•>IL  If  Kqaind,  6  l»Md. 
Dec.-Jtn  •>  Ipmeota  from  Hew  Orleana,  Low  Mid.  elaaia,  aew  crop.  bT 

Mil.  If  rrqoirerf,  TA. 
Oct  -  Mi>T  »hifiat  mm  *aT.  or  Cha*.,  Unr  Mid.  elasia,  6Vd. 
MiT  -Dec.  »hlnm»B>  from  Sbt.  or  Cb  t..  Low  Mid.  cltB>c  tj(d. 
TVBD*T.— OcL->OT  dtnTerj  frvm  BtT.  or  Glut.,  Low  Mid.  dtBre,  •  lM6d. 
Oec.-J«o  ibl  ami  trt>m  "itr.  or  Cbaa.,  Low  Mid.  claate.  aew  crop,  bj 

•til.  Ifr  qaltrd,  t\d 
N'T  -D.«.  anl  mnl  from  Bar.  or  Cbaa,  Low  Mid.  daaaa,  aew  crop,  br 

•alL  If  rMalreA  Ckd. 
Oct -Not.  .hliimeet  flrom  BaT.  or  Chta..  aew  crop.  Low  Mid.  cltat*, 

by  Mil.  If  rt^alrrd,  (Vd. 
KoT.-IXe  ebltimeei  fram  Sa*.  or  Cbaa,  sew  crop.  Lew  MM.  claate.  by 

•all.  If  rmiBlrrd.  «Kd. 
Wlsn*n.>T.-ftrpt.  detlTet7  fnimBaT.  orCbie..  L»w  MM  daaor.l  II  ltd. 
Oci.-N'  T.  deiliery  tnm  Sbt.  or  Cbv..  Low  MM  rUa«e,  tKd. 
Da  .-Jan.  .btemw  flom  laf.  or  Cbaa..  Low  Mid.  rlBMi^  Bew  crop,  by 

mil.  If  rronrred  6  II  ltd. 
Hot  -Dec  talpmrat  tiem  Baeaaaah,  I.ow  Mid.  claate,  aew  crop,  by  taO, 

IfrM^lrrd.  IKd. 
Oet.-?lor.  »blpmtBt  from  Bar.  or  Cba*.,  aew  cropi  tn4. 
Oci.-Nn«.  •bpowau  Iknm  Marfoia  or  Bar.,  Lew  MM.  daata,  aew  crop. 

bymli.  Ifraqalr«d.«ll  Iti. 
Tarat>*T  -Of.  ii\mty  (Mm  *•*.  or  Cbaa.  Law  MM.  riava,  T  l-ltd.  bM. 
~  -1  -Oct.  iKpmisI  flam  Maw  Oriaaaa,  Lew  MM.  daaae,  saw  cnp. 


Brpi  -Oct. 
*I3-Itd. 


Oct-!«<T.  tMpmi  at  frcm  Bar,  or  Cbaa.  Lew  MM. 

(bUIbk  fiHtl.  If  fT^siraC  tfcd 
Mae.-Daft  MlpmtMftam  Ba*.  ar  CiMtL.  Low  MM.  dtBBa.  aawmap,  «Kd. 
M'T    Dec  •Mpmaal  ham  Bav.  or  '--.•- "'^  t't  r.  in  ir  1. 1. 

ml  Id(  TMBw,  If  raoalred,  tKd. 
Oct.  dailTrrr  from  MewOiUmnt  t  II-IW. 
N'-T.-D  c  deliTery  (ram  Bar.  or  Cbaa.,  I/nr  Mid.  daata,  t<(d. 
Dec-Jt'i.  abipmaaie  from  Bbt.  or  Cbaa.,  Low  Mid.  daata,  aew  oop,  by 

•all.  llrrqairMl.  tll-lal. 
raiiuT-""    '^  —  He  iTarj  from  Bar.  nr  Cba*.,  Umt  MM.  daata.  (Kd. 

M  iMri  from  Bar.  or  Cb^.,  Low  MM.  daaaa,  by  aaii.  If  re- 

K'-.       .>tTy  fmrn  far.  nrChaa.,  Law  MM.  daata,  tll-IM. 

O  f.->"w.  tblpmaat  from  Bar.  m  Cbaa.,  Lew  MM.  daaar,  hy  tall.  If  ra- 

«Bl-<<lll-]|d. 
aoT.-D«c  tklpaMM  fNm  Bar.  er  Cbaa,  Law  MM.  rtaata^  ky  all.  If  ra- 

«|ir««.«l|.'M. 
Bsc-Jaii.  tklpmmN  tnm  Bar,  er  Cbaa,  Lew  MM.  eiaaii^  »y  aall.  If  ta- 


AgricDltaral  Bareaa  taja  of  the  wheat  crop  of  the  United  States 
fur  1875  that  th<»  condition  was  reduced  to  79  per  cent,  of  a  good 
average,  and  remsrkg  that,  "except  in  Nnw  Eottland,  the  Gulf 
reg-ion  and  the  Pacific  coast,  the  damage  to  the  crop  between 
ripening  and  threshing,  by  frequent  and  heavy  ttorms,  has  been 
v^ry  general."  Teaterday  iherB  waa  a  lar;^  business  in  the  best 
No.  1  S.)riDg,  on  the  spot  and  to  arrive,  at  (1  38@1  40,  and  in 
prima  No.  3  Milwaukee  at  $1  30.  To-day  there  was  a  firmer 
opening,  but  the  close  was  flat,  under  a  sale  of  50,000  bush.  No.  2 
Milwaukte  for  November  at  $1  36. 

Indian  com  declined  early  in  the  week,  until  prime  sail  mixed 
so!d  at  t>9@70c.,  bat  there  has  einee  been  some  recovery,  with  an 
active  demand  tor  export  and  cootnmptioo.  The  crop  is  Ute,  and 
ita  maturing  haa  been  delayed  by  cold  weather.  Today,  the 
market  was  dull  and  depressed,  with  sales  of  prime  sail  mixed  at 
70c. 

Bye  haa  been  arriving  freely  at  the  West,  and  this  market  haa 
been  dull,  depressed  and  unsettled. 

Barley,  at  anme  decline,  has  been  more  active,  at  $1  30@$1  35 
for  the  best  Slate,  and  $1  35<afl  SO  ior  Canadian. 

Oats  h»T«  been  active,  bat  at  some  further  decline  in  prices, 
new  No.  3  Chicago  selling  at  4S<^0a  The  supply  is  large,  and 
reeeivers  iocliaed  to  effect  prompt  sales.  To-day.  there  was  a  verv 
iarife  busineaa  la  good  to  prime  new  mixed,  say  150,000  bush.,  at 
431@45^c. 
The  tollowing  are  cloaing  quotations : 

i^>.ooB.  I  (iatia. 

Mo-l V  b^.  |4  »a  4  83    Wbaat-Na3iprtog,bntt.tl  ItO 

iaparCaa  Blata  *  Waal-  Ao.itp'\t,K ]  I4c 

era ~ 

Bztra  State,  Ac 

Weatara  SpriBf  Wbaai 

extnia 

doXXandZXX 

do  winter  wbeat  X  and 

XX  

Cityabipplaii  axt>«t..  .. 
City    tiade  tad  family 

braade 

Soatbr.  b  bakart'  aad  fa- 
mily oraiidt      

Soolbera  ablpp'r  ax  traa. . 

baBov  taMtae 

Ooramaal— Wtatara.  Ac 
Oara  mtal— Rr'wlBt;  Ac 
Tba  movement  In 
lows  : 

aausim  it  arw  voaa 

.—IKS. .        BiDce 

Fortke     Store         Jan. 
weak       Jan.  1.       I,  1*14. 

rioar,  kbit.    T7,a7  i,v.r,ao4  t.v<«.»r» 

0.  meal. ".  t.-M  M.Mt  145, TnS 
Vkeat.baa   »tO>l  ll.tlM*!  tt.«>«.in 

Oom.    -  Loiirs  nuw.iMi  t4,im,«4i 

Rye,  "  U.'ta  I'X'.m  40.4BI 
Barley.  "  lti,447  I.M4,«iT  8aft,r7 
Data  ..."      lM,ti7   t.tS'Mal   1  3n.sit 


3  1 


toa  3  43 
TSe  t  00 


STOe  •  10 
t  ISO  7M 


R  IS 

6  40 


f  KOS  800 
7  tSA  8  IS 


So.  I  iprlDg . 

Red  Wet  tarn.. 


1 
1 

Amber  do 1 

White I 

Com-Wettrrv  mixed . . . 

WblU  Wetttra 

Yellow  Weatern 

Soatbero,  yellow 

Rye 

Uata— Black 

Mixed 

White    

6  tSQ  T  13    Barley— Wetlera 

3  »a  3  Sit  I     Canada  Went... 
3M4  8  n       Bute 

4  no  4  30  I  Peaa— Canada 

breadatuttt  at  thia  market  has  been  aa  fol- 


-azTOBTt  raoa  »«w  roax. . 


«alMd.  tkd 
Jto.-rrb.  tilpoMBl  ftom  Bav.  or  Chat, 
rtqalred,  3  .3- MA. 


Jjtm  MM.  daaaa,  by  taU.  If 


BRE  ADSTU  FFS. 

FaiDaT.  P.  M..  OctDbar  I,  irs 
Tb«  floar  ma>kst  epaaed  the  week  qaita  dspraassd.  foreign 
■erOQals  wer»  doll  tad  there  was  a  stronir  dtaire  among  reeele. 
era  to  e'aaa  oai  tb*  arrivals  ol  new  flour  from  the  wbarvra,  and, 
aa  maay  of  thaaa  were  aoaouod,  great  Irregularity  waa  oaus«<l  in 
prices.  Ploon  from  old  wheal  were  not  plenty,  bol  the  (ommnn 
sad  Hsdlaa  gradaa  of  thasa  went  at  decidedly  lowor  prices,  oaly 
tho^olea  Mlnoeoota  patenis  ehowiog  any  degrso  of  Srmness ; 
but  latterly  the  export  demaad  baa  bsea  OMre  aetlva  aad  general, 
at  prices  raaging  from  $5  7S  to  fC  for  eoiBmoo  extras,  $8  23  to 
|6  40  for  good  do.,  and  $7  19  for  shipping  ftinthero.  There  haa 
also  bevn  a  bettar  demand  (ram  the  trade,  so  that,  on  the  whole, 
eoasMarabla  aetivity  baa  been  displayad.  Bys  flonr  baa  been 
drooping,  bat  com  msal,  at  the  decllaa  qooted  in  oar  latl,  baa 
been  quite  active.  To.da7  there  were  frss  tales  of  prime  ship 
ping  extra*  at  $8,  bat  ibe  dose  was  barely  sisady. 

The  wheat  market  baa  steadily  sdvaoeed,  sopadally  for  the 
better  trrades  of  rrdt,  aod  a  more  active  and  general  boalneas  hat 
been  done.  Bbippers  aod  the  boms  millers  have  both  been  in 
markot,  and  the  offeringa  have  been  leas  liberal.  On  Wedneaday 
No.  a  Chicago  Bold  at  $1  29rael  3<,  \p  ttore.  No.  3  Milwaukee. 
|t  34<9t  30,  la  store  and  all  ml,  and  No  1  Spring,  $1  Sfl^l  38 
There  has  also  been  some  bnslsssa  for  October  delivery,  at  |t  84 
for  tXn.  t  Mllwaaksa.  Tb«  low  grades  of  na>v  Spring  and  Winter 
bava  baoa  taken  mors  freely.  White  wbeat*  have  been  scarce. 
aad  chaLia  have  brought  extreme  priess.  Tbe  better  grades  of 
■aw  WlAUr  rsds  bars  baoa  more  salable  at  $1  m§l  K.    Tbe ' 


1874. 

For  the      Since 

week.      Jan.  I. 

44,K>8    l,643,«:s 

l.r^S       141,411 

»l«.18l  lt.«in,f«t 

13,734  13.»l,ia7 

890        M,S«8 

Tba  following  lableaahow  the  Grain  In  sight  and   the  move- 
ment of  BreadMulTs  to  tbe  lateat  in'iil  datea  : 

aBCKtrr*   at   LAKB   and  RIVBR   ports   POR  THB  WRRR    BHDIMa 

iXTT,  85,  1875.  AXD  rROM  Auaoar  1  to  skkt.  25  : 


1873. 

Vortte     Since 

week      Jan.1. 

n.lST    l,3tt3)t 

l.««l       1«*,719 

48n.no  I9,4»3,<'«3 

1B1,M0    •.sni.rtt 

.  .         IU.8J3 

no 

770        M7« 


At— 

r'hltasv..  . 
Hllwaafcaa.. 
retete. 


ClavtlaaA. 
it  Los  It... 


ri. 

bbe.' 

CM  'he.) 

M.tSI 

»>.4SI 

:.iM3 

•.SW 
1,100 

in.M7 

I.4IM 
1.130* 


Wheat, 

baab 

(to  he.) 

3  1.731 

•nii,3tt 

M^OIt 

MI.OKI 

t»jm 

BM.S  t 
tl.w* 
13,000 


Com, 

baeb. 

(BtlHe.) 

tt»,S« 

SAW 

Itl.Mt 

1L8M 

7,0  0 

3».^87 

U«,7S0 


Gala,      Barley,        Rre, 

baab.  /   baeh.        baeh. 

(3tlb*f  (aiba.)(8aibe.) 

44T,m     •^t^«     tr.r" 

WT.MB 
380 

H.raa 

13.100 

6».«75 
11,100 


t^4« 

to,««s 

11.M0 
lOK.tSl 
137,140 


S,tM 


11,047 
IB.  330 


lt.lBl4 

at.i  1 

n*.<it 
irkiM 
)4i.srr 
I'l.HS 
141.3  0 


1.117,383 
l.8l«.(4l 
L'tBlSt 
t.7aB,i7J 

iiMftr*; 

l.»7«JMt 

l.tfT.tU 
tftn.OM  lt.7-*.708 
(■ri.;4T  I4,1«.B17 
W'.-«i  1  .«M.3t7  la,«4S,ll3 

ta^ost  ii,u^7»i  i7ja»,ttB 


OalaU 

ToUL 

Previoae  week. 

Onrreaii'ag  weab.*T4 

•71. 
~         It. 

•M 

•70 
ratal  Aac.  t  ladala  . 
4amallaie  1*74  .... 

4*me  tlau  lid 

lame  time  IVN...     . 

•  ■allmefed. 

BairKSirrB  or  PLOtm  amd  Okaik  from  lake  poru  for  the 
laat  foar  weeka,  and  from  Jan.  1  to  Sept.  33,  incloaive,  for  four 
years: 

Wbaai, 
^Mah. 
I.W4,101 
l.4»l.ltT 
l,4«M) 
Ml. 878 

■fan.  I  ledate Aai3.1«  n.iH4,l;«  I 

'VtmeUme  IBN 4.IM414  I\tt1jm  17,1WI66i  It.'tl7l'"«7  I.St<I.MI  1.4M.HI8 

S4fneUme  IflS 4J«,I«  8a.A4l,MB  *1.3n4.«;  t•l.^7t.tll  t,!48,4'l  l.un.183 

:i-m.  itma  IMN 3,08^.78  I4,7«,l<80  BM40,4i4  ll.«t«,8M  l,IJt,30l     f4I.SI>S 

•■CRtPTS  OP    rtiOOR    AMIX4RAIH    AT  fBAHOARD   PORT*    POM   TUB 
WBBB  BXDtMa  6KPT.  35,  1875,  AMD  FROM  JAN.  1  TO  8KPT.  35  : 


PI  oar. 
hhla 

"aptlCT*^ I'TI.'lil 

Sept  II  "8 ui.a^ 

Sevl.4,TS «.0n 


iWT 


Core,       OBiB, 

Barle), 

Rye 

h*ab        baeh. 

hnah. 

hnah. 

\.ni.no     iMOtt 

181.7M 

i:  114 

UVBa-A     3M,:i7 

liW.lM 

S4IR8 

1.17ll,7t»7       108.101 

8»,-«» 

44  013 

1,071.880       81  ^nO 

40,781 

11  M8 

!«.  11 1.7*8  1»,11,T81 

1.1tll.*M 

6'8.4ro 

Floor, 

At-  bhia 

Hew  York  31.141 


B~toB 

PnrtlMd 

KoBtrad.,,.., 
PbltmWpUs. 
nalUmota.... 
KewtMeaas 


38,4St 
tJOO 

80.143 
81.  IW 
I«.t73 
M,0OS 


Wbeat, 

boek. 

78a,SI« 

840 

I.BuO 

1«I,KI 

114.800 

88,400 

417 


Oom, 

bath. 

1,087,417 

138  3« 

i«.im 

H.ta« 
lot.ono 
ist.wo 

7T,I71 


Otta, 
bnah. 
3M.S16 
31.630 
3300 
4.167 

iix.noo 

17,900 
4',-(M 


Bariey, 
hnah. 
114.303 
8.I0O 

I'.sVs 

84,000 


Rye, 

hnah, 

10,700 

10 


3,0(10 
1,700 


Tr^at lll,l«l     1,H7..M4     I.SSI.IPO       619.617 

Prertnaewsak ns,*»l    1.4\\™yi    1.115,141       391.^16 

Onr.  weak'74 fMSOl    I.MI.SW    1071.13)       e«i.l6>< 

Total  Jaa.  1  to  data. 6  310 177  86,6».8:4  18.880,331  11,98 l,itt) 

SamaUma  1874 7.111.673  47. 137.611  441074,818  I4.IM<I.MI 

Same  lima  l«n 8.3»t.lu3  8  •.044,4y)  S7,880L<I07  13  «?7,)6I 

Same  Ume  1M71, 3,4»1,80t  ll,S3S,8ei»  37,194,018  13,964,737 


I48,<ll  16410 
4'i.»14  3.«no 
3t,;<t7  18,900 
318.000  liM41 
834,911  388.871 
1,871.048  81D,>U>1 
1,347,783   483.tSt 


330 


THE  CHItONICLE. 


[October  2,  1875. 


Corn, 

bnab. 

I,t!0.9i8 

81,000 

300,763 

SI.MI 


Oata, 
bnsh. 

40,000 

sn.KJi 

49,0S5 


Ths  VI8IBI4B  BuppiiT  OF  Ura.U(,  ineludioK  the  stocks  id 
granary  at  Cl.o  principal  points  uf  accumulation  at  lake  aii'l 
seaboard  ports,  in  transit  on  the  lakes,  the  New  York  canals  and 
by  rail,  Sept.  25. 1875 : 

Wheat, 
hash. 

In  store  at  New  York ?,161,I84 

In  fctoro  at  Albany  9,110 

In  utoru  at  Buffalo 171,775 

In  store  at  Cblca)^> 707,311 

In  store  at  Milwaukee 400.000 

In  store  at  Ouluth 45,7.«) 

In  store  at  Toledo 665.083 

In  store  at  Detroit ASa,4)0 

Instorcat  <>swci;o* 1IB,000 

In  store  at  St,  Louis 4.')8,J9i> 

In  store  at  Peoria 13,fi91 

In  store  ai  Boston 415 

In  store  at  Toronto 111,835 

In  store  at  Montreal 187,8lt 

In  store  at  Philadelphia* 210.000 

Instoreat  Biiltlmore* 65,311 

Lake  shipments  1,880.549 

Kail  shipments SOi.ilM 

On  Now  York  canals 858,461 


483,626 

5,7'i4 

50,000 

105.136 

»«9.143 

90,4  M 

700 

86.&i>9 

aio,noo 

618,087 

761.531 

499,759 

1,100,8)5 


1A5,SB9 

13,650 

25,000 

818,671 

106,188 

78,776 

11.8.11 

4.193 

75.000 

40,000 

S8t,689 

4t9,130 

111,810 


Barley, 
bush. 
S9.317 
60,(W0 
11,436 

H3,<m4 
18,339 


4.610 
8.5.000 
16.140 

1,535 

1S1,*« 
2.000 
15,000 


11,084 
112,641 

8^,707 


Rye, 

bufh. 

4,157 


10<l,'i24 
5,464 

i.im 

800 

U.6i9 

81.768 

160 

104 

I'.ano 

1,000 
17,4.57 
13,757 


Total 

BepL  18.  1875. . , 
^ept.   16,  1874.. 

*  Estimated. 


8.158,719 

7,788.669 

,  8,180,615 


6,747.898 
7,00S,7«9 
5,6U,076 


2,543.663 
1.819,179 
2,181,377 


931,061 
414.3'18 
555,393 


ail. 289 
245.813 
111,345 


. 1873 , 

Pkgs.    Value. 

Manufactures  of  wool 927     1899,431 

do  cotton . .    705       213.658 

do  silk 457       356.271 

do  llax 591       149,217 

Miscellaneous  dry  goods.  365        95.776 


Total  1.268     »416,4?2 

Addent'dforconsnmpt'n   3,046    1,81!,.383 


THE  DRY  GOODS  TRADE. 

FntDAT,  p.  M.,  Oct.  1,  1876. 
There  has  been  a  large  influx  of  buyers  from  various  sections 
of  the  interior  during^  the  past  week,  and  domestic  commission 
merchants  have  effected  a  liberal  distribution  of   staple  and  fancy 
cotton  and   woolen   productions.      The    recurrence    of    Hebrew 
holidays  kept  an  influential  class  out  of  the  market  at  the  close 
of   the  week,  and  somewhat  lessened  the  volume  of  business, 
which,  however,  has  been  large  in  the  aggregate  amount.    West, 
em  trade  has  operated  with  increased  freedom,  and   numerous 
re-orders   received  from   the   South,   which   indicates  an   active 
distribution  in  that  quarter.     There  has  been  a  further  shrinkage 
in  values,  and  many  of  the  mo.it   important  lots  of  both  cottons 
and   woolens   which   changed  hands   were  placed   at  a  marked 
concession  from  previous  holding  rates.     Low  prices  have  stimu- 
lated the  jobbing  trade  into  increased  activity  for  many  deacrip- 
tiODB  of  manufactured  goods,  and  very  heavy  sa'es  were  made  by 
the  leading  houses  on   the  slightest  possible  margin  of  profit. 
The   Fall   River  mills,   whose  operatives  have   lately   been   on 
strike,  have  partially  resumed  production,  and  this  has  unsettled 
the  print  cloth   market,   rendering  quotations   almost  nominal. 
Many  leading  woolen  mills  have  discontinued  the  manufacture 
of  heavy  woolens,  and  are  now  running  on   Spring  weights,  sam- 
ples of  which  have   already  been  shown   in  exceptional  cases  by 
their  agents.     Imported  goods  have  been  in  steady  demand,  and 
the  high  premium  on  gold  has  imparted  firmness  to  prices. 

Domestic  Cotton  Goods. — There  has  been  continued  irregu- 
larity in  brown  and  bleached  cottons  and  further  price  reductions 
have  been  made  on  some  of  the   most  popular  brands  of  each. 
Several  makes  of   wide  sheetings  were  reduced  2Je.  per  yard,  and 
the  following  bleached  shirtings  were  marked  down  ^c,  viz:  Fruit 
of  the  Loom,  Lonsdale,  Masonville,  White  Rock,  &c.,  and  Black- 
stone  A.A.  and  Hope  were  reduced  -Jc.     Pepperell  fine  browns 
declined  ic,  and  other  makes  were  quietly  closed  out  on  private 
terms.    Jobbing  rates  for  brown  and  bleached  cottons  were  very 
irregular    and   not   uufrequently  below  agents   package   prices. 
Cotton  flannels  have  been  very  active  and  low  to  medium  grades 
of  nearly  all  leading  makes  are  sold  to  arrive.     Cheviots  have  also 
been  in  good  demand,  but  tickings,  denims,  stripes  and  osnaburga 
have  moved  slowly  and  in   limited  amounts.     Corset  jeans  and 
satteens  have   been   in   fair   request,  and  grain  bags   have  been 
active  in  jobbers   hands   at   low   figures.     Carpet   warps,  yarns, 
cotton  batts  and  twines  were  severally  in  fair  demand  at  unchang- 
ed prices.     Plaid  prints  and  fancy  madders  of  the  most  tasteful 
styles  were  taHen  in  moderate  lots  by  Western  and  local  jobbers, 
but  chocolates  remained  quiet  with  a  weakening  tendency,  which 
culminated  in  the   reduction   of   Richmonds  to   7ic.     Richmond 
madders  were  marked  down  to  8e.,  and  Stand.ard   grays   to  SJc. 
I'rints  were  largely  sold  by  jobbers   in  liberal   amounts,  and  the 
best  \toTk  commanded  8Jc.,  while  inferior  styles  were  offered  at 
from  6@7ic.     Ginghams  continued  active  and  firm  in  view  of  the 
light  supply  of  standard  makes. 

Domestic  Woolen  Goods. — There  has  been  a  better  demand 
for  men's  wear  woolens,  and  some  .sales  of  fancy  cassim^res  have 
been  made  in  lots  of  300  or  300  pieces  to  close  out  indifferent  styles, 
in  order  to  accomplish  which  low  figures  have  been  named.  Heavy 
worsted  coatings  were  in  steady  request,  and  fair  orders  were 
placed  for  spring  weights.  Overcoatings  have  been  more  active 
in  rough  makes  as  well  as  plain  beavers,  and  the  supply  has  been 
materially  reduced  within  the  last  few  weeks.  Cloths,  doeskins 
and  satinets  have  been  iaactive,  tmd  Kentuckyjeans  moved  slowly  '  PmMUeton  do  ".'.    u 


from  first  hands  although  jabbers'  sales  were  fairly  satisfactory. 
Repellents  aud  cloakings  were  in  steady  request  and  liberal  sales 
of  flannels  and  blankets  were  effected  by  both  agents  and  jobbers. 
Dress  goods  continued  in  brisk  request  and  sales  reached  a  liberal 
aggregate  amount.  Felt  skirts  were  active  and  low  grades  were 
advanced  in  price  'oy  manufacturers).  Sliawls  were  in  irregular 
demand.  Low  and  tine  grade  Ottoman  shawls  moved  slowly  but 
medl  1111  qualities  were  in  fair  request,  and  woolen  makes  wore 
moderately  active.  Faucy  hosiery  and  Cardigan  jackets  were  active 
but  shirts  and  drawers,  and  wool  hose  and  half  ho!!e  continued 
dull. 

Foreign  Dry  Goods. — There  has  been  a  steady  although  not 
large  movement  in  staple  fabrics  and  dres.-i  goods  from  importers 
hands,  and  jobbing  sales  have  been  fairly  satisfactory  in  all  de' 
partments.  Black  silks  in  low  and  medium  grades  have  been  in 
improved  request,  and  of  these  the  suppler  is  moderate.  Colored 
and  fancy  silks  have  also  been  in  fair  demand  and  velvets  have 
shown  further  improvement.  Black  and  colored  cashmeres  and 
merinos  were  in  good  demand  and  firm,  and  black  alpacas  and 
mohairs  were  sold  in  fair  amounts.  Fancy  dress  goods  continued 
active  and  the  supply  is  much  smaller  than  usual.  Linen  goods 
were  in  steady  but  limited  demand,  and  white  goods  ruled  quiet. 
Woolen  goods  for  men's  wear  dragged  in  importers'  hands,  but 
were  distributed  to  a  moderate  extent  by  cloth  jobbers.  The 
auction  sales  of  the  week  were  not  of  special  importance,  and 
have  not  sffected  values  in  any  way. 

The  importations  ot  dry  goods  at  this  port  for  the  week  «nding 
S,jpt.  30,  187,"i,  and  the  corresponding  weeks  of  1874  and  1813 
have  been  as  follows  : 

■NTBBKD  FOR  OON8DMFTION  FOB  THB  WEEK  BMIIINS    SEPTEMBER  30,  1875: 


, 1874 , 

Pkirs.  Value. 

1)69  $409,881 

865  255,867 

683  517,Ssl 

752  186.211 

469  178,930 


. 1875 , 

Pkes  Value, 

1.196  t4Sn.r87 

948  251  106 

65S  5ir,  94:) 

837  175,384 

5M  153,572 


3,738  tl.54S,780      4,103  |;l,5-8,778 


Total 3,016  11,211,333 

WITHDRAWN  FBOM  WABBBOOSB  AMD  TBHUWN  INTO  TBB   MAKKBT  DDRINO  TUB 
SAUB  PERIOD: 

Marafactares  Of  wool . . . .      506     »214,867         9ri  1487,176  777  |a39,345 

do                 cotton..      231         63.-i33          333  94,!Jl7  26T  79.671 

do                silk B7         51.135           90  95.854  141  l.'8,612 

do                   flax 193          aS.-).")!           4.30  99.513  489  9.3,299 

Mlscellaneons  dry  goods.     263        30,436         276  43,0CO  219  29,901 


8,124 
3,738 


«7,'i0,53O 
1,518,780 


1,926 
4.203 


1680,825 
1,578,778 


Total  thrown nponm'k't.  4.308  tl.6n.805      5,862  12,309,310  6,129  {2,259,603 

BNTERBD  FOR  WABEHOUSINO  DURINO  SAME  PERIOD! 

Manafactures  Of  wool . . . .    987     t412,410         606       1819.917  331     »167.118 

do                   cotton..     824        109,C6S           2f8            94.678  169          49,989 

do                   silk 196        15e.4.'.6          174          185,371  125         ].'!6.627 

do                 flax 7f>0       188,077         443           38.000  313         75,419 

Misceilaneous  dry  goods,     145        83  873         167           36,467  88          25,9.30 

Total           2431      1911,881       1,678      t6,5<l,431  1.076      t45i.083 

Add  ent'd  for  conenmpfn  3,046    1,211.383      3,738     1,548,7,-0  4,203     1,578,7:8 

Total  entered  at  the  port.  5,478  $8,123,867      6,416  $2,307,213  5,279  $2,033,801 

^e  annex  prices  of  a  few  articles  of  domestic  manufacture: 

Cotton  Sail  Duck. 

No.  8 25 

No.   9 .   .     24 

No.  10 22 


Woodberry    and 

Dmidj 

Mills  and  Pleetwing.     | 

No.O 

40 

No,  1 

38 

No.8 

36 

So.S    

34 

No,4 

38 

No  5 

80 

No.6 

28 

No.7  

26 

Caledonia,No.7.. 

1«J< 

do        No.8.. 

14 

do        No9.. 

16 

do        No.  10 

18 

do        No.  70 

19 

Par.&  Mln,  No.  5 

12 

do          No.  8 

14 

do          No.  7 

16 

do         No.  8 

18 

do          Mo.  9 

19 

Light  dnck— 

Boar  (8 02.189 in.. 

do  heavy  (9  oz.). . . 

Mont. Ravens  29in. 

do  40iu . 

Check*. 

Far.&Min.No.  10 

ParkMiUs,No.60 

do        No. 60 

do        No.  70 

do        No. 80 

do        No.  90 

do       No. 100 

Union  Mills.No.lS 

I         do        No.  20 


17 
20 
19 
28 


28 
IS 

HJi 

16 

17>f 

19 

21 

15 

17 


Ontario  and  Woodberry 

USA.  Standard  2=)<  In. 
do  3oz.    20 

do  9  oz.    22 

do  10  oz.  24 
do  18  oz.  89 
do         15  oz.    fi 

Ontario  Twls,a9in.  21 
do  .361  n.    IS 

Extwls-'PolhemV   1« 

Union  M.  No.  60  17-18 


do 
do 
do 
do 
do 
do 


Prodigy. 
Lewiston  A. . 


No.  70 
No.  80 
No.  90 
No.  900 
No.  800 
No.  70O 


12 

13 

M 

16 

16      • 

14 

15 

12X 


American 10-11 

Amoskeag 13-14 

do        fancy         14 
Bates  Cheviot..         12^ 

Cordis  awning .  25-17-< 

Colnmhian 9X 

Everett  Cheviot         15 

American 24  .60 

Amoskeag 25  00 

Excelsior 27  50 

Lewiston 25  ,50 

Franklinville..  25  00 

Monwup 27  on 

Granger 25  00 

Dirigo 18 

H.H  9 

Irving 16 

Granger 23 


Stripes. 

Everett  heavy..         17 

Hamilton 1.3-14 

Lcw'n  A.A.Chev.         13 
do         A  ...         18 

Massahesic 13 

OlisBB 13 

Park  Mills  Ch't.  13}i 

Bags. 

I  Ontario  A 80  00 

I    do     B 85  00 

I    do     C 40  00 

I  PowhattanA.  2T  00 
I  do  B. .  .35  00 
1    •   do         0..      40  00 

I  Atlantic 31  CO 

Cotton  Batts. 

I  Hanover 10 

I  Logan...  .   18 

I  Jackson 20 

I  Honest  Injnn 12>tf 

Cotton  Yarns. 
I  Ssrgeant  6  to  13,.  24 
I  Fontenoy    do  24 


ThomdikeA.... 

do        B.... 

Uncasville  A.. . 

do        UCA. 

Whiltenton  AA 

do         B.  . 

do  fancy  XX 

IStarkA 

I  do  C  8  bush 
I  do  2XbU8h 
IPbilaA 

do   P  . 

do  C    

Casco  

I  Rock  Island  ..  . 

I  Russian 

I  Standard  . 


14 

13 

10-11 

12-13 

14 

11 

5 

27  00 
39  00 
31  60 
SO  00 
35  00 
411  00 
27  00 

..  15 
..  19 
12 


Wyoming 13 


IIXL  6  to  12., 
I XXX    do     ., 


24 
24 


October  2, 1876 J 


THE   CHRONICLE 


331 


PllICKS  CUhrtKNT. 


ts* 

■BKA09T0  rPS— S««  apceUI  nport. 
BUlLUlNtt  MATUUAlJt- 
jrteA*— Comaoa  b*rd. afloat 

Croto* - 

Pklladalphia 

Unwa^— It '•■Midaw 

£<■••- noeklaBd,  aoaiBoa 

Hoeklaad.  Oal^klw. 

JfHatAar^Soattiera  plna 

Walta  piaa  box  boarda. 

Whlca plaa marfihao. box  boards. 

Claaralaa 

OakaLdaah 

BlaexwalBUI 

ftoraca  boarda*  plaaka 

HaatMk  board**  plaaka 

Mma»-:9*»a.rnm,rta  »  ahViec 

OHmek.lH  to  I  la.  •  loa«ar~ 

OBtapum.'aiiaYi**. !!!!!!!':!".'."! 

MIMa— Laad.  vhlta.  Am,  para,  la  ell 

laaad.wa.,  Jtai*r..pBre  dry 

tiae.  wh.,Am«r.  drjr.  Wo.  I 

tlae,wk_  Anar..llo.l.laon 

rartovtlto.laxIM.prliM  foM... 
B3TTKK-(Wiiamua  Pnea»— 
Mltrklaa(Ka*t1u  a<u  toaalaeuoaa 
WMklata.        -        •■       ~ 
■lirflrklBaCWaafa)  -       * 
Wabkiab*        >       -      > 
CKKMa— 
X*«ttau  tactorr.talrloiood...., 

WaM*ni.Caod  la  pnaa 

coai.- 

Aatkraelia  0>7  cargo) 

Uv«rpool<a«  eaaaal 

Uvarpoolboaaaaaaaal 

vumt-  

•Uo,  ord.  e«noaa.W1»d»ya,fW. 
do  fair,  do       gola. 

do  food,  do  told. 

40  ^aa.  do       ..    ..(Old. 

iava.aauaadbaca. cola. 
atmuafiaa a^a. 

Maracalbo  (Old. 

Lagaayra ..(OAd 

•t.  i>o«iat«k. 

■aruUla 

CoataWaa   „. 

■•tta 

Maatkiaa 

VrSm-<  ■•  

A««r«eaol  i     . 

COTTOM    Oaa  ••aelal  layon. 

BSB.<ra.i* (eld. 

GSia.r«aa«d...  •• 

■  'vKalc.POVdarad. 

I  okfo*  poMaa^^www 

a.wija.  paarlaal..'.!     *■ 
--.roll *• 


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r«tnf- 


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to         > 

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^wTa'TSiilak' 

40        Fl««lk.ar»  

qfii».»rm    

Qwto  * 

Kni  «.— 


t  yr-, 


do  do  e«.roola>>d 
4o  ao  W.  Ca-allaa, 
4*     aaoarad.  kalTaaaM 


Jala - 

BPK«IW    ■■«  ra»«rt  M4«r  CoMM. 


ODHPUWOER- 

BLArroo.  roB  BAn^BOAoa,  to. 

fo4a.aay  i.xeicrala.  lots*  kro 

Baltpatra         do  do        

■roRTiso. 

Ble«trt>^.  5o«  1  toSgral'i.io  t  •  •f.eaoi 

PUmuBdrra'D.  In  IBcaot 

Oranae  light' laa,  No<.  i  ti  1.  >n  l»  cant 

8  < peril  -r  racl*-  iporilar.  In  IB  oval  cana 

Amen  an  innrtlna.  In  1 B  •  ral  cam 

ur»»«edack'nf.  Sot.  t  to  5.  in  *B  rant  ... — 

Piirk  i^h  otlnii.  K't.  It  I  5,ln<M>lieti 

Eat<r  durk  •hooil  ic.  No<.  I  to  S.  m  «>,  B  k»f» 
Or>r(e  ducklDi:  >'^.  I  loS.  In(\<  B.  krn  . 
Rac'e  lack  tBootla*.  No<.  1  Cj  >.  I'HB  kcga,   •  fti 

PBCk^baot'oa,  Not.  1  to9  (r.,  V^XBt •■ 

H.iarl't  Ke'<tac<y  r  lie,  I       «al  IB  cint 

irapon'-artfle  K«,Fr»,  KfF«  IB  oaLt 

nopoafffl*.  rFf.  FI'Fa.  tl^Bt . 

Baxard'a  K«'ack-  nlle.  PCFc,  KPc,  and  lea 

Moot  am  ft   *M*  k*** 

Dap->af.  rifle. pre.  Frrf.wUBk^art 

Baiard'tKe  taekr  "B-f.  FFIV.  FFfl.  aadSea 

8koottoKK<.i:\»  ke't 

Oraak-  r  Bt.F«,  FCt.  FFrt.  r»  k»rt 

Hai.rl'iKantdCky  r  fle.  P(,  Tru.tWtt.  SB 


t  X 

1  on 
too 

1  10 

v> 

S  44 
3  41 
3  44 


43 

I  ts 


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4  9 


Dapoafa  rifle  la  KB  kaga 

HAT— 

^^'.r'ci....    wiai* 

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Orlooeo,  do....     " 

Caltforau,  •         do....      •' 

Mataoi.  and  Max,  aa  tbar  raa     ■■ 
Maraaalbo.  do.... 

Baku,  do.... 

pn  fliiiad  ■Maraaalbo.do....     •• 
rtlll.  ia....     - 

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BaeaatlU,  do  ...     *■ 

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Vai  Jattad-Saaa.  Ar.iolaeM     ■* 
Para.  4a....     " 

CalirormU,  do....     " 

TaxM.  <o...,    oar. 

fl.  /.not*   Cal««mtlaa«bt—  lold 

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Caleatia  kBflUe 

tmjn-- 

ri«,AaarteBB.no.l 

rtc.Aaaneaa.ho.l 

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Pt(.  flfotd*  

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flo   ■ov.Aaartaaa. cut. 


nxa 

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baka,  Maa..  veflalaa  i«daa., 
tioaory  (ladd*. 


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Tar,  Vaaklaxtoo . 
Tar,  WllmiD(l«B 
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mm.  to  Hood  Mxalt'd  a  bbl . 


«^'* 


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uAKDM-uey  toha(OA>*ty...a». 

rft.  C4KB- 

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oita- 

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Beauloot. . 


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ah.WUlar, 


prraouifnt- 

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..r. 


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lla*kC»a.<tiT,  kbit. 

rHi>viai<i!iK- 

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Pork,prlmr  mree    ..     • 

anal,pl«la  mam    * 

■••f.eitra  mat* ** 

Ma«r  Kane,  B'V BMi.    ■* 

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MCC— 
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Lo«M«M.|M« 
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•...•.....•f***« 


UK*       14 

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MM  «»•• 

t  M  a  10  it< 

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UK*       UK 


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Crade _. 

liltraia  eoda 

imcit- 

Clo»»r,  W( 


.Viaak. 
•» 


?«2 


i. 


'•K 


SlmothT VbBtk. 
•■p,  rorrlKB 

fla.reub 

I  Mm  1  .Otiiwtu  a  M»g<U  Wmn. 


urn      i*K 
iM  a  *o( 

I  M  a  t  >« 
I  n  a  I » 
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DILK- 

Tiatlee,  Not.l  to  4 V  B  5  ro  a 

Ttalloe,  ro-reeled 4  73  a 

Tayaaam.  Koa.  I  *  1 4  50  a 

Canton,  ra-reeled  Ko.  ICctucoon..  4  7$  a 


BPKLTKB— 

Forelxn 

Domettle 


..'.OO  B.KOld.    7  I2Ka 
ear a 


snx 

5C« 


7S7K 
713 


SPICKS— 
Pepper,  BatkTU. 

do        BlBaapore 

do        whK* 

Uaatia,  Chin*  Ucnea 

do       Batarta 

Olneer  Afrlean...* 

do     i;ala*tta -...• 

Mere  

Niiitoera, BattTltand  Penang 

Pimento,  Jamaica 

Closet 

do    (toiu  


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a 
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a 
a 
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Kan— Jam.,  4tn  proof " 

St.  Crolx,3d  proor " 

OIn •• 

Domtaic  Omar*— Caah . 

Aieobol(N»eret)  C*  W ear. 

WhUkoT •' 

■TKKL- 
Kn<llih,ca*t^«ltt quality  »B(old 
Baallib.  iprlair.id  *  lit  <|ttailiy..  ■■ 
Rni-llah  Ml*ter,>il*ltlquallty..  ■ 

Knrlhih  tnaahlnery " 

BoKllth  Uarman.M  *  lit  QOaltly  " 

American  blUcer cor, 

American  catt.  Tool 

Amerl'*an  ca*l  uprlnit 

Amerleac  uiaAblnerr 

Ani^riean  bertnar  tprlnc 

■  DOAR- 
U>iD>,iat.toroa.raer"<K 

do    falrloiiood  rellnlBi... 

do   prime,  refliilnir 

do   iairtocood  aroceiy. 

do   rentr.Midt.A  hxt.  No*,  fail 

Moiaaeet,  hndt  A  bxi 

Melado 

ll*T'a,Box,0.  8.  Moa.  •«! 

do         do         do    UMbll 

do         do         do    liaii 

do         do         do    liaii 

iio         do         do   li^iv 

do  do  white   

Porto  RIoo.raflBlBff. com  to  prima, 
do        grooarr,  *air  to  ckolce., 

Brull,l>ace,D.  a.  Not  Mill 

Jtra,  do.  D.8,Ko*.IO»U 

Manila       

B.  n.,  raflaad  to  (rooery  (radea 

AtflMi-Uard.  eraakad VB 

Bard,  Dowdara- 

do     kratiaialMtt 

do     cat  l(»r 

ion  trkiie,  A  Masaaro  eaniru... 

d(>      d>.      oif  A 

Whit*  extra  C  

Tellov        do 

Other  Tallov 

TAI.tOT- 

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TSA- 

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do     ■aaarlorloflr* 

d  o     Bxir*  (aa  10  Bneat 

do     Okolcaat 

Toaan  RyaoB.CoK..  to  fair 

do         Aaper.to  flue...^ 

do      Bx.flnato  flBoat.jr. 

do      Cboleaal 

Baapowder.  «;om  to  rair 

do  Bap.tofl** 

do   Bi.  fla*  to  (Boat 

do  Ckole**t 

Impartal.Com  tofelr 

t.o       floo.tn  Oa* 

do        Rxira^n*  toflneet 

■yaoa  Bkln.  A  Tvaa.  cob.  to  fair. 

do         do      flap. to  (a* 

do         do      Bx  flaatodaaal 

DBOOloradJaaaa.Com.tolalr 

do         flap*rtoilBe 

do  Bx.flnatofloeet 

Ooloaff , Coaamnn  to  lalr^M* 

Jo  aaperlor  Inline ,.. 
o  Riaaetoflaa*! 
0     Ckoleeet 

Beae.*OeBa.,Coa.  to  fair 

do  Bap*rio  Una 

do         Bs.fla*toflBaeL.,.„, 

Raaea fOM. 

■trait* " 

Rnrlltb •" 

Platea.I.  Cxhareeal... 

P1ataa.ekar.  tama 


11 

gold. . 

S  SO    *  !!!  00 

3  (t  a  7  00 
s  41  a  'It 
s  00  a  9  2s 


«or«  meet. 


M 
M 
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as 


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leaf.     •■      

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••  ro-in.A  Haa*.  ailert,*?!. 

PeanaylTaala  wrappoia.  *;i 

Rtrant.  eom.  to  Una..,.. 

Haaafka'd.la  bond,  black  work 

-    brldkl  work 

WOOI»- 

Aaarleaa  ZX ..,..,_ VB 

Ametlran.  Ho*.  I  A  1 _ 

Amerlcao. Combing 

Extra,  palled 

Wo  I.  l-olled 

CalUornla.  Sprinr  Clip— 

(laperlor,  nnwaaked.  ,,.».....•  •.•' 

Medlnro « 

roerte 

Barry  

Bonlh  Am.  Merino  nnwaehed 

Cape  Good  Hope,  nnwaaked 

Toift*.  fine , 

Text",  wd'nm 

Bmyrna.anwaahad  gold. 


Ii 


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Oil    

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Wk<««.l>ucCbaa,. 

-    "  ...ate*. 

...VbM. 


fA:. 


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5H«    K 

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SS2 


'     THE   CHRONICLR 


[October  2,  1 '75 


Gunpo'wder. 


GUNPOWDER 

Dupont's 

SPORTING,  SHIPPINtt  AND  MINING 

POWDER. 

DUPONT'S  GUNPOWDER  MILLS 

(ESTAftlilSHED    IN     1801) 

Have  maintained  tlielr  i^eat  repntation  for  75  years. 
Manufacare  the 

Celebrated    EAGLl!    DVCKING, 

EAGLE    RIFLE,    and 
DIAIHOIWD    GRAL\     POWDER. 

Tlie  most  Popular  Powder  in  Use.    Also, 

SPORPING,  MINING,  SHIPPING  AND  BLAST- 
ING POWDKK, 

Of  all  kinds  an-l  deJ^criptlnns. 

For  sale  iu  all  parts  of  the  country.    Represeuted 
by 

F.  L.  Kneeland, 

70  Trail  Street,  NEW  TORK 

Commercial  Cards. 


Commercial  Cards. 


Dan  Talmage's    Sons, 

109  Wall  Street,  Nenv  York. 

Adgei's   TVharr,   Cbnrleston.   S.  C. 

16  roiitt  Street,  Neiv  Orleans 

John  D wight   &  Co., 

MAmrPACTORERS  OF 
SUPER-CARBOKATE 

OF 

SODA. 

No.  11  Old  Slip,  New  York. 

Tile  joooiDg  Trade  ONLY  Supplied 


Smith,  Baker  &  Co., 

GoraraissiON   jtierchantx 

Yokohama  aud  HlOifo,    Japan. 
KKFKESKNTKD  BY  • 

E.     W.    CORIilES, 
eev    Pine    street.    New    York. 

Brinckerlioff,   Turner 
&    Co., 

Manafactarers  and  Dealers  u 

COTTONSAILDUCK 

And  all  kinds  of 

COTTON  CANVAS,  FELTING  DUCK,  CAKCOVRK 

ING,  BAGGING.  KAVENS  DUCK,  SAIL  TWINES 

*C     "  ONTARIO"  SEAMLESS    BAGS, 

"AWNING  STlilPES." 

Also,  Amenta 

United   States  Bnntlns   Company. 

&  mil  supply  hU  widths  and  Colors  always  In  Etock 

.Vo.  IU9    fiiiano   Street. 


B.   G.  Arnold  &  Cu., 

1^5    EHO.NT    STREET, 

lUPORTEBa    AND     DEALERS 


COFFERS    AND     TEAS. 


Glyph  A  NT    &  Co., 

COMMISSION    MERCHANTS, 

Hvns   Kous,  SliauKlial,    Fooeiianv   dr 
Canton,  Clilua. 
Rei'keskntbd  by 
OLYPHANT  &  Co.,  or  China, 

Iii4  Wall  St.,  New  York, 

W  m  Pickhardt&Kuttrofl 

■mPORTERS 

AMD 

cemmisisioN  merciiants 

IS 

CHEMICALS,    COLORS,  DYESTUFFS, 

&c ,  &c.,  &c.. 
No.  23  Cedar  Street,  Nenr  York. 

Brancb  ottlces  tn  PliUadelphla  and  Boston. 

WM.  PICKHAKDT.     ((ipneral  P»rtn,.r. 
ADOLF  KUTrUOKF.t^*'""^"'  i^artners 
KADISCHE   ANILIN   &  SODA    KAHRIK 

Soeci«l  PartTipr 


E.R.Mudge,Sawyer&Co 

A  O  K  N  T  S     F  O  B 
Washington  nilllN, 

Burlliieton  W<folen  Co., 
Chlropee  .tlfs  <'<>., 

Ellertoii  Newr  ITIIII«, 

Maraioga   Victory  inr;;  Co. 
NEW  yoHK.  BOSTON. 

48  *  45  WbITK  BTB««T.  15  CUAUHOKT  ST. 

-TT.  PHILADKLPHIA, 

J.  W.  DAYTON,  330  Chkbthdt  Stbiit. 


JEWELL,HARRISGN 
&    CGMPANY. 

PURE    liAitD    PACKED    FOR 
ALL    CLIMATES. 

PROViMON    DEALERS'   AND    JIANDFACTUEEU 
OF  LAUD  OIL  4    D  STEAKLNE. 


Financial. 


ESTABLISHED  IMl. 


NEW  YOKE. 


F.  LB.  Mayhew  &  Co., 

140    Front   Street, 

MANtJTACTUKEnS  OP 

OILS— SPERM,  WHALB,  ELEPHANT  A  LARD. 

CA  WD  US-SPERM.  PATENT  SPERM,  PAB- 

AFFINE,  ADAMANT. NE,  HOTEL  AND 

RAILRO.\D. 

For  Export  and  Home  use. 

PARAFFINS  t^lLS,  WAX  AND  BEESWAX. 

Financial 


GargiuL)  &   Co., 

BANKERS    AND    BROKERS 

Nos.  4  &    6    Broad   Street, 

.NEW    YORK. 
Stoclts,  Bonds,  Gold  and  Mlacellaneons  Se^urltlee 
bought  and  sold  strictly  on  commission.    Orders  by 
mill  cT  telPBranh  carefully  attended  to. 


John  KWKN,  JB.,  WlLLIAU   P.  TuTTLK, 

Member  stock  &  Gold  Exch.  Member  Stock  Exclmr  ge 

E  W  i'.  N     6c     T  U  T  T  L  I'  , 

BANKERS  AND  BKOKEKS, 

*(e.  63  Broadway  and  31  New  Street, 

Buy  and  sell  Stocks,  Bonds  and  Gold  on  commission 
l-'.teresl  allowed  on  I'eposits. 


THE 

Central  Trust  Company 

OF    NEW    YORK, 

No.  14  NASSAU  STREET,  COR.  PINE  ST., 

CAPITA  f.^91,000,000. 

This  Company,  bv  speclat  fharter.  is  authorized  to 
act  as  exc<-utur.  administrator,  guardian,  receiver,  or 
tru&iee,  and  U  ;i  !•  g.,1  der^'tbilory  for  niO'Cy  paid  into 
Connor  irrttsle  r,  d  to  it  by  any  Sui-ri'ga'e 

In  e-esi  paid  .  u  deposlth,  which  may  be  made  and 
withdrawn  at  any  tune. 

h'e  Iglous  and  charltiible  inatitutlona   and   persona 
uiiHCcuaioiiie*!  to  buainca-   will  find  this  Company  a 
convenUnc  and  safe  depository  fur  heir  money. 
XKMIty  Y.  SPAllLlilNG,  President. 
BENJ.  B.  SHERMAN.  )         Vice 

FI'.KDEi'ICK  H.  COS8ITT,  J  freanlenta. 
CUAHLES  U.  P.  BABCOCK,  Secretary. 

EXEO  VTIVB  COMMITTEE: 
Jacob  D.  Venni  ye,  A  .  ua  K.  li.no, 

HetiJ.  B.  =h  rnian.  Frederic'  H.  Cossitt, 

Sara'l  D.  tt  bcock,  Ipaac  N.  Phelns. 

Martin  Bales,  Edmund  W.  Curllea. 

BOiED   or  TKUSTEES: 


MEN  AND  IDIOMS  OF  WALL  STREET 

l8  a  new  72  pace  book  gtvlnp  ihe  hlRlifPt  and  l-.wesi 
prlies  nr  sto'  ka  for  iSyears.  compietiMistof  rlefaulicd 
i»illr  ft'la,  Bla.  k  Kiiddy.  ekcirl'ei*  'f  Itailiig  oieia- 
toi8,  and  tht:  meihoi  of  iieaUnfj  on  small  (.urns  of 
moi  ey.  ClpIpp  sent  free  )o  aii>  address.  Oiaers  for 
Btocka  HD'I  ^to  k  privilege"  execuie'l  by  mail  and  tele- 
graph, collectious  made,  moaey  liivesLed,  and  Infor- 
mation Eiveu  by 

JOHN    IlICKI«imO    Sl    CO., 

Bankers  and  Brokerp,  12   BROADWAY,   fi.  r. 

Tumbridge  &  Co., 

BAJIKEUS   AND    BKOKKRS. 
2  Wall    Street,  Neiv   York, 

Bny  and  Sell  Shocks  on  Margine  or  for  Cash 
FUTM  and  CALLS  negotiated  at  the  lowest 
market  rates;  $50  for  50  sliarcs,  $100  lor 
1 00  shares.  Thirivtwo pa^e  exclacf  tory  pam- 
phlet mailed  on  •Dpucntion 


Sam'l  D  Babcocii, 
Martin  Batio, 
Jijstah  M.  H-ke, 
Isaac  N.  Phelp', 
Anius  K.  hnu, 
Charles  U.  Landon, 
K'-nj.  B.  Kherraan, 
Frederick  H.  (  ossUt, 
v^m.  H.  AnpIeCuD, 
David  Dows, 
Kdmund  W.  Corllea, 
Hea-y  F.  Spauldin  , 
O.  Miiccutlucti  Miner, 


KiHwell  tikeel. 


GmiMV  -i  uwab, 
Jon  iihiin  'I  hurne, 
Adrian  IneHn. 
jam  -•  P.  Wallace, 
Peicy  K.  Vyue, 
A.      .  J-OW, 
Chare    li.  Fracklyn, 
^m.  Allen  I'uiler, 
Wui.  H.  Webii. 
Jacnb  0,  Vernillye, 
J   Plerponi  MorgdU, 
O  ove  W,  Lane, 
t^harles  Abeinetby, 


Union  Trust    Company 

OF  NEW  TORK, 
No.  T3  Broadway,  Cor.  Rector  St. 

CAPITAL 
ONE  miLLKIN   DOLLARS. 

INVESTED    IN    UNITED    STxTE-^    Bi'NDS. 
Authorized  by  1  w  to  act  act  a^  Executar,  Adminis- 
trator, GuardUn,   RecelTer  <'r  Trustee,  aud  is  a  legal 
Je  oaltory  for  money  paid  into  Court  or  translerred 
to  it  by  any  >urrogatf . 

Interest  allowed  on  deposits,  which  may  be  made 
and  withdrawn  at  any  time. 

N.  B.— Checka  of  Depositors  on  ttala  Inatitution  pass 
through  the  tjlearinp  Houae. 

EDWARD  KINC,  President. 
J.  in.  MCLEAN,  First  Vice-President. 
Win.  WHIXE^VKIUHT, 

Second  Vice-President. 
EXECUTIVE  COMMITTEE: 
J.  M.  MoLban.  Samukl  Willkts. 

B    H.  HuTTON,  Wm.  Whitrwbight, 

E.  B.  Wesley,  Geo.  Cabot  Ward, 

G.  G.  Williams,  Wm.  Butler  Dcnoaw, 

J.  H.  OGILVIE,  Secretary. 


The  Brooklyn  Trust  Co. 

Cor.  of  Montague  &  Clinton  sts.,  Brooklyn,  K.  Y. 
CAPITAL,  1500,000. 

This  Company  Is  authorized  by  epeclal  charter  to  act 
as  receiver,  trustee  or  guardian. 

It  can  act  as  agent  In  the  t-ale  or  management  of  real 
estHte,  collect  lute  eat  or  dividends  receive  registry 
unrl  transfer  boobs,  or  make  purchase  and  sale  of  OOT- 
ernment  and  other  securities. 

Religious  and  charitable  institutions,  and  persons 
unaccustomed  to  trie  traut^actlou  of  bu-lnesa,  will  find 
this  Company  a  safe  and  convt-nieut  depository  for 
money.  RIPLEY  ROPES.  President. 

CHAS.  R   MARVIN,  Vice-Prest. 

KoeAB  M.  CtTLLKN.  Counsel. 

TRUSTEES: 
J.  8.  Rockwell,        Henry  Sanger,      Alex.  McCue, 
W.C.  Kingsley,      Chas.  R.  Marvin,  A.  A.  Low, 
JohH  P.  Kolfe,        A'>m.  B.  Baylis,     S.  B.  Chittenden, 
^homaa  Sullivan.  Dan'lChauncey,  Edward  Harvey, 
H.  K.  Pierrepont,    Josiah  O.  Low,     James  D.  l-ish, 
JohnHalsey,  Alex.  M.  White. 

Wm.  R.  BUNKER,  SecreUry 


¥HJ1 


@iiiPiirr. 

OF    THE    CITV    OF    NKW    VORK, 

COH.  BROADWAY  tt   WABREN  SI., 

PAID-UP  CAPITAL,  «1,000,000. 

Invested  in  United  States  Government  Bonds. 

Pays  THREE  PER  CEN7  Intereet  per  annum  on 
Deposits  itiibjerl  tn  check  at  f^ght. 

Pays  FOUR  PER  CBMT  Intfrta  per  annum  on 
special  deposits  remaining  six  months  ^rlonger. 

Acts  as  Trustee  for  estates. 

D.  K.  MANOAM,  President. 

JOHN  C.  CKUIK8HANK,  Secretary. 


E  .      S   .      B   A   I    L   E    V    , 

6S  WALL  STREET. 

Dealer  in 

Fire     a'-d     marine   Insnranre   stocks 
and  Scrip 

"SPECIALITY." 

Caeh  p«ld  at  once  for  the  above  Secarlties ;  or  thej 
will  be  sold  on  commiaaion,  at  eelleri  option. 


xmuk 


HUNT'S    MERCHANTS'    MAGAZINE. 

REPRESENTING   THE    INDUSTRIAL    \ND  COMMERCIAL  INTERESTS  OF  THE  UNITED   STATES. 


VOL^    UX. 


SATURDAY,  OCTOBER  9,  1875. 


NO.  537. 


CONTE  NTS. 


THK  CaaONICLX. 


Tb«  MoMtvy  SttMUoa  aad  tu 

L««oaa m 

How  lo  Trwau*  tor  B<— pMnn     ■< 
Umf  U  of  riMadil  Cm- 
_PonitlDM  l»  l*«w  Torfc  City..      MB 
TbtPebiHtilMiMt  lor8«pUB- 

THS  BAMKJOH'  OAZVm. 
MoMT  KvkM,  C.  8.  SacarltlM, 

Kallwar  SMcka,  <Md  UnkH, 

Ttmin  btkMM,  Hew  Tork 

CItr    Baakm  BMMa   Baa^ 

PkOaMsk^^uks.  IfiUooai 


k«r.  1«3 Mt 

UlMt  MaM«aryaa40oaBweUI 

Bn(II*kK«v« as 

riiiMMHilil  ia4  MlMduMU 

Newi Ml 


an 


OoUoa. 


TBI  OOMJlBltULU.  TIItM. 
■OlDrrOooi*.... 
Ml    Pric«Cmn«it. 


WMUtloM  *r  SeselB  sad 

N«w  York  Load  SmvIUm •«• 

iBTMUaant  Md  8«au,  Olqr  aad 
OorpontiM  flaoCM KI 


SM 


9L\]t  ((l)conicle. 

Thb ComuBCiAL  ADD  FiXASOiAL  Caaoirici.B  i»  itmud  tm 
iag  morning,  ttith  ths  ImUH  nmm  mp  to  miinigtU  0f  /VW«f. 

TSkaa  OF  ■nncmiraoa-FATABLs  i>  adtahcx. 

■abKT<bara,aadBBU«d  taut  ink..  ^                   ■                     <  •< 

FarOMTMr(iactadUcpaMMi»- ...0»B> 

1  *»  •      "■■ 


BatocilpliaM  «U  b«  oosUaMd  Mta  ttitni  mm 
taMM  Ota*  Bite ^OnfW  ot  FilOMuaM— *yO 


AArarttaa^aata. 

Traaaiaet  adrcfUaaanU  u«  paMUbcd  tt  H  «ala  par  Haa  for  aack 
loMttloa.  bal  whaa  twlalta  ■<■■  «w  gtwn  far  tn,  er  mmw,  if«  loaa,  a 
IlkaniaacoaMtoaata.   Mo  laMilaa  a<  caatlaaaMTaaMlaAa  ^    -     ' 


TkaLoadoaaMcaaf  Ika Ommau  U  it  Net  AaHia  FHan,  Old  Broad 
•traai,  wkato  utaarlatlaaa  vataMa  at  tka  followl^  laiaa : 

AaaaalBabaertMlaatelkaCluoaldaOBeladtBCpaatac*)  Bi   U. 

BUBaaOa'Mlaaiptlaa.... .VTTT.  1  ^ 


vtuua  a.  a«aA,   I 
/oas  a.  rbOTS,  /a.  I 


WnXIAM  B.  DAJIA  ft  OO.,  PaMUb«c%        ■ 
_       .  -. ^,  j^g^  foRK. 

Po«T  iirric«  B.JX  4  •,»1 


T»  ud  tl  WlUlun  llr 


IV*  A,aMt  Alaeaay  U  fataMtad  at  Meaala 

l^r    A  aoaplateaataf  tkaOasaamAj.  &■»  Fi 

i;«B,  to  4*n— 1«  for  Mia  at  tlM  o<Be*     AIm  oo« 
MAauoK.  I&W  to  iri.  rizty4braa  TolamM. 

t  FaaMtaaatbaMaaw  i* 

BAaati.  0—MaK».a    J«l  j 
•at  of  BtTST't  MsMnuii  t* 

^^  Tha  BaaliM«>  Dt-pwtr 
F1a«L«<i«l  laiafaau  In  N«w  Y'l 


'■amncLa  la    rapraaanted  aBoor 

Mr    Frsd.  W    JoBM. 


nt  iriBTIIT  SiTI  tTliiN    \Mi  ITS  LIMRI. 
TbBdaolinii  .ankn  remind  un 

that  we  are  aj  >  be  financial  year 

which  hM  nsuallj  b«on  inrad«d  by  monetary  ■triBgency. 
The  qneatioB  now  ia,  whether  any  rach  trouble  is  likely 
to  Tiait  OS  thk  fall,  aod.  If  not,  what  are  the  new  gafe- 
gnarda  which  protect  ua  more  than  b  former  yean,  and 
leare  our  trade  and  commerce  free  from  thia  f raitful  canae 
of  depreaaon. 

With  regard  to  the  first  qneHtion,  the  opinion  prevails  in 
well-informed  drclea  that,  so  fa»-  aa  oar  local  money  mar- 
keu  are  oooeeFaed,  there  is  Uttle  ground  for  appftbeneion. 
The  snpply  of  ayaiUble  capiul  exoeeda  the  oommercial 
demand  for  legitimate  borrowers,  ao  that  the  moneUry 
•itnation  ia  nnnaually  tranquil  in  aU  the  great  finaorial 
ceatre*  The  West  ia  reported  to  be  better  supplied  than 
in  former  years  with  monetary  facilities  for  moving  the 
crops.  For  this  and  other  reesona,  the  drain  upon  our 
baaka  in  New  York  and  other  eastern  cities  is  not  likely 


to  bo  so  severe  as  formerly.  If  this  anticipation  proves 
true  the  monetary  plethora  which  we  have  so  long  had 
will  not  be  likely  to  suffer  much  disturbance,  except, 
indeed,  the  foreign  money  markets,  which  are  showing 
some  uneasiness,  should  disturb  our  finances,  and  this 
contingency  is  not  very  probable. 

Turning  to  the  safeguards  which  have  boea  raised  up 
to  shield  our  oommercial  industry  from  the  usual  Fall 
Btringeney,  we  find  tliat  one  of  the  chief  of  these  new 
oonsenrativo  forces  arises  out  of  the  general  spirit  of 
frugality  and  economy  which  the  panic  of  1873  has 
be4|ueatbed  to  as  as  one  of  its  compensations.  "  Why  is 
it,"  we  are  often  aaked,  "  that  the  savings  institutions, 
the  National  banks,  the  Slate  banks,  the  trust  companies, 
and  the  other  credit  institutions  throughout  the  country, 
are  so  filled  up  with  the  accumulations  of  idle  capital  ?** 
Iaa  ns  bear  what  M.  Wolowski  has  to  say  on  this  subject 
He  tells  ns  th^t  there  ncror  was  a  time  in  the  financial  hisg 
tory  of  the  world  when  "  diffused  capital,  formerly  dis- 
petaed  and  wiated,  can  be  gathered,  utilized  and  stored 
up  in  the  rsaeTToirs  of  the  banks  as  completely  as  now. 
The  floating  capital  of  society  is  like  the  vapor  of  a  still. 
It  needs  the  condensing  apparatus  of  the  banks  and  of 
the  credit  system  to  condense  it,  and  to  store  it  up  in  a 
form  fit  for  use  aa  a  fertilizer  of  the  fields  of  oommeroe." 
This  beautiful  simile  helps  us  to  explain  the  plethora  of 
capital  in  this  countiy.  In  the  great  cistern  of  the 
national  industry  we  have  oollected  together  by  means  of 
several  thousands  of  banks  and  credit  institutions,  the 
immense  aoomnulations  of  capital  which  the  economies 
of  our  forty  millions  of  people  for  the  last  two  years  have 
been  adding  to  their  previous  stores  of  national  wealth. 

Bat  thia  is  not  all.  The  productive  forces  of  the 
I'nited  States  are  greater  now  than  at  any  previous 
period  of  oar  national  life;  and,  as  Adam  Smith  long  ago 
demonstrated,  nations  grow  rich  more  rapidly  by  in- 
oreaAiy^Mh'  productive  powers  than  even  by  increasing 
their  savings.  We  do  not  under\-aluc  the  cconotnics  of 
which  we  have  spoken,  but,  with  the  great  founder  of 
political  economy,  we  claim  more  importance  still  for  the 
productive  forces  by  which  the  wealth  of  tiic  nation  is 
created.  As  an  illustration  of  the  principle  we  wish  to 
insist  upon,  let  us  take  our  railroad  system.  The  panic 
of  1873  was  caused  by  the  fact  that  we  had  sunk  an 
iipniense  amount  of  capital  in  perfecting  our  railroad 
network  and  extending  it  into  all  parts  of  the  country. 
We  spent  an  immense  amount  of  capital  in  building  lines 
which  were  unprodactive,  and  their  unproductiveness 
was  what  chiefly  caused  the  panic.  But  these  lines  are 
rapidly  becoming  productive,  and  every  year  adds  to 
jhe  value  of  this  part  of  the  wealth-creating  forces  of 


334 


.THE   CHRONICLE 


[October  9,  l-i75. 


the  country.  In  otlier  words,  the  33,000  miles  of 
railroad,  which  we  built  between  186C  and  1872, 
are  less  of  a  burden  and  more  of  a  help  to  our 
financial  progress.  In  making  good  the  defective 
work  that  has  been  done  upon  our  railroad  system  during 
the  paper  money  inflation,  we  have  retrieved  some  of  the 
worst  errors  of  the  past,  and  we  are  laying  a  good 
foundation  for  the  prosperity  of  the  future.  In  like 
manner  we  might  refer  to  the  other  departments  of  the 
national  industry  to  which  our  railroads  minister.  We 
might  examine  the  agricnltural,  the  commercial  and  the 
manufacturing  growth  of  the  country.  We  should  find 
in  each  department  of  our  national  industry  a  multitude 
of  facts  throwi»g  light  upon  the  rapid  growth  of  capital 
among  us,  and  its  concentration  in  an  available  form  in 
our  banks.  It  has  often  been  said  that  new  countrieB  differ 
from  old  countries  in  that  the  former  are  very  poor  in 
floating  capital,  while  the  latter  are  very  rich  therein,  and 
have  plenty  to  lend  out  of  their  vast  accumulations. 
This  principle  is  correct,  but  it  suggests  to  us  that  in 
completing  the  first  century  of  our  national  existence, 
we  are  shaking  ourselves  free  from  some  of  the  worst 
troubles  of  a  new  country,  and  are  rising  into  possession 
of  many  advantages  which  have  long  been  the  supposed 
prerogative  of  old  countries. 

We  must  not  overlook  the  great  advantage  which  the 
panic  of  1873  has  developed  in  our  financial  system,  by 
freeing  the  banks  from  the  perilous  business  of  financing 
new  railroads.  The  commercial  deposits  confided  to  the 
banks  were  for  years  diverted  to  some  extent  from  their 
proper  channels,  and  large  sums  were  lent  at  high  rates 
of  interest  for  the  use  of  new  tailroad  companies.  These 
companies  sometimes  were  able  to  sell  their  bonds  and 
pay  back  their  loans  to  the  banks.  Too  often  they  were 
unable  to  do  so,  and  tlie  banks  suffered,  as  did  also  the 
customers  of  the  banks.  The  last-named  consequence 
is  that  with  which  we  are  chiefly  concerned  in  this 
place.  The  customers  of  the  banks  were  not  able  to 
obtain  their  usual  accommodations  and  discounts,  be- 
cause the  banks  had  lent  their  means  to  the  railroads 
and  to  their  promoters.  The  fund  available  for  com- 
mercial loans  was,  therefore,  so  much  depleted  that 
the  supply  fell  greatly  below  the  demand.  At  busy 
seasons  of  the  year  stringency  prevailed,  and  the  charges 
for  call  loans  rose  to  enormous  rates.  We  need  not 
recall  the  well-remembered  symptoms  of  the  spas- 
modic money  markets  which  were  thus  caused  in 
the  autumn  months  of  every  year  from  1866  to  1873. 
During  that  whole  period,  as  we  had  frequent  occasion 
to  show,  the  stringency  increased  in  virulence  with  every 
succeeding  autumn,  until  at  length  it  finally  culminated 
in  the  panic  of  1873,  since  which  we  have  been  happily 
free  from  its  influence.  It  is  in  a  large  degree  due  to 
this  isolation  of  the  banks  from  the  business  of  railroad 
financiering,  that  we  owe  the  exemption  of  those  institu- 
tions from  the  chief  perturbations  which  formerly  pro- 
duced Qr  exaggerated  the  monetary  stringency  of  the 
closing  months  of  the  year. 

Many  other  circumstances  might  be  cited  which,  to  a 
minor  degree,  are  well  known  to  have  contributed  to 
make  our  money  market  peculiarly  tranquil  for  the 
last  few  months.  Those  we  have  referred  to  are, 
however,  the  most  fundamental,  and  for  various  impor 
tant  reasons,  are  peculiarly  worthy  of  attention  just  now. 
First,  they  show  us  that  the  existing  plethora  is  the 
result  of  a  conservative  movement  pervading  the  whole 
country,  and  tending  to  prepare  our  financial  system 
to  make,  without  any  severe  shock,  the  transition  to 
specie  payments.    That  change,  as  we  elsewhere  show,  is 


capable  of  being  accomplished  without  those  disasters  and 
financial  spasms  which  havein  some  quarters  been  appre- 
hended.    But  to  achieve  this  success  an  intelligent  co- 
operation-will be  needful  throughout  every  department  of 
the  national  life.     The  wholesome  plethora  of  the  money 
market  proves  that  in  several  very  vital  portions  of  our 
industrial   organism    there   are   conservative   forces  at 
work,  which  will  greatly  aid  the  transition  from  a  vicious 
paper  money  basis  to  the  sounder  .ind  safer  foundation 
of  coin.    Secondly,  the  facts  above  passed  in  review  sug- 
gest to  us  the  probability  and  the  danger  that  the  large 
accumulation  of  idle  capital  may  present  temptations  to 
our  banks  to  lend  where  they  should  not,  and  to  give  up 
in  part  the  conservative  policy  which  has  been  so  con- 
spicuous during  the  last  two  years.   If  higher  restraints  do 
not  provAnt  the  banks  from  yielding  to  such  temptations, 
it  is  to  be  hoped  that  they  will  be  deterred  by  a  whole- 
some fear  of  the  loss  of  the  popular  confidence,  for  they 
may  be  well  assured  that  the  public  mind  is  in  no  humor 
,to  tolerate  financial  and  banking  errors  such  as  brought 
on  the  panic  of  1873. 


HOW  TO  PREPARE  FOR  RESUMPTION. 
As  part  of  the  specie  payment  agitation  in  this  State 
an  important  discussion  has  been  stirred  up  in  regard  to 
the  Act  passed  22d  March  by  the  Legislature  of 'the  State 
of  New  York,  with  a  view  to  resumption.  This  bill  is 
entitled  "  An  Act  to  establish  specie  payments,"  and  is  as 
follows : 

Section  1.  All  taxes  levied  and  confirmed  in  this  State,  on  and 
after  January  first,  eighteen  hundred  and  seventy-nine,  shall  be 
collected  in  gold,  XJnitfd  States  gold  certificates,  or  national  bank 
notes  which  are  redeemable  in  gold  on  demand. 

Section  2.  Every  contract  or  obligation  made  or  implied,  and 
payable  in  this  Statn  unA  made  ">•  in^piioJ  aCier  January  tirsl, 
eighteen  hundred  and  seventy -nine,  and  payable  in  dollars,  but 
not  in  a  specified  kind  of  dollars,  shall  be  payable  in  United  States 
coin  of  the  standard  of  weight  and  fineness  established  by  the  laws 
of  the  United  States  at  the  time  the  contract  or  obligation  shall 
have  been  made  or  implied. 

At  first  sight  it  is  not  a  little  singular  that  this  plain, 
brief  statute  whose  force  and  meaning  are  perfectly  clear, 
should  have  elicited  any  special  attention.  It  does  not 
take  effect  for  several  years  to  come,  and  by  its  very 
terms  it  is  connected  with  the  Sherman  Resumption  act 
whiCTi  Congress  passed  a  few  weeks  earlier  than  the  date 
of  the  bill  given  above.  As  the  Sherman  Resumption  law 
declares  that  on  Ist  Jan.,  1879,  the  greenbacks  shall  be 
redeemed  in  gold,  and  the  greenback  dollar  shall  be  the 
the  equivalent  of  the  gold  dollar,  so  in  the  Act  before  us 
our  State  Legislature  declares  that  in  all  contracts  where 
no  specific  words  to  the  contrary  are  used,  the  dollar  of 
LT.  S.  standard  coin  shall  always  be  understood.  View- 
ing these  two  acts  then  as  related,  and  interpreting  the 
one  by  the  other,  there  is  no  great  difficulty  in  under- 
standing the  precise  force  of  this  State  law,  which  the 
Legislatures  of  other  States,  following  the  example  of 
New  York,  will  no  doubt  adopt  during  the  next  two  or 
three  years. 

There  are  many  reasons  in  favor  of  such  legislation. 
In  the  first  place  it  will  tend  to  confirm  the  belief  in  the 
public  mind  that  the  resumption  of  coiu  payments  is  a 
work  in  which  every  part  of  our  complex  system  of 
government  is  interested  and  bound  to  co  operate.  The 
achievemeijt  of  specie  resumption  is  a  task  of  such  tran- 
scendent magnitude  that  it  will  put  to  the  strain  the 
highest  energies  of  our  people  and  institutions.  Nothing, 
therefore,  is  so  reasonable  as  that  the  State  governments 
in  every  proper  and  constitutional  way  should  lend  their 
aid  in  the  great  work.  It  has,  however,  been  questioned 
whether  the  act  before  us  is  in  accordance  with  the  Con- 


O:tob)r  9,  1375  J 


THE  CHRONICLR 


335 


•titation  of  the  Unitetl  Sutca  which  prohibits  to  the 
Sute*  »nd  confers  ipccially  upon  CoDgreas  tho  exclusive 
jurisdiction  over  the  coining  of  money,  tho  declaring  of 
the  value  thereof,  and  the  regulation  of  commerce  both 
between  diiferent  States  and  with  foreign  countries.     As 
the  Supreme  Court  of  the  United  States  has  not  decided 
and  may  never  be  called  upon  to  decide  many  of  the 
cnrions  poinU  which  have  been  raised  in  argiiing  this 
qacstion,  we  may  for  the  present  be  content  with  the 
general  reply  that,  inasmuch  as  the  State  authorities  in 
pusing  such  a  law  as  that  before  us  are  merely  co-oper- 
ating with    Congres*    in    carrybg  out    the    Sherman 
Roamption  Act  of  1875,  there  is  and  can  be  no  conflict 
between  the  Sute  and  Federal  jurisdiction,  nor  is  there 
much  proapeet  that  any  such  conflict  will  arise. 
Another  reaaonwhjr*  W"  Hke  th«t  8«v«*»b< 
be  passed  by  the  Legiriaturee  of  the  Twfoos  SMtea  that 
are  in  favor  of  a  soond  currmey  ia,  that  oertain  obrta* 
eles  which  sUnd  in  the  way  of  spede  payments  are  really 
of  such  a  nature  that  many  of  them  may  be  diminished 
and  partially  got  rid  of  by  snoh  legislation.     It  is  tme 
that  the  law  befors  m  does  not  help  theTrcaaary  to  ae- 
eamalate  speeie  aa  •  reaamption  fund  for  the  redcBptioii 
of  greeabMka,  nor  docs  it  aadst  in  coDtracting  tho  vol- 
nne  of  the  greenback  currency.     In  Dcither  of  these 
vaya  dow  this  statate  help  us  toward  speeie  paynenta. 
Many  tnperfictal  thinkers  woold  infer  that,  because  this 
law  ia  thoa  withoat  the  power  to  help  currency  refetn 
in  either  of  the  two  methods  nferlvd  to,  therefore  it 
covid  not  help  that  reform  at  all.   This  Une  aad  aofhia- 
tical  leaenning,  however,  wilt  not  impoae  npoa  those  of 
ns  who  hare  given  much  thonghtful  attention  to  the 
aabjcet.     History  and  experience  te^eh  na  that  the  work 
of  reaauptlou  Mkd  ai  •>&<••»({  •  i1«pn«aated  earreoejr  to 
par,  is  neither  so  simple  nor  so  easy  a  task  as  has  been 
■ad  that  there  are  many  anugnaenu  in- 
to SHacsM  in  which  State  gowraaMnu  can 
very  properly  interpose,  so  aa  to  eo-operaf  in  a  constita- 
tional  and  ctfcethro  i— ner  whk  tlM  geaenl  govern- 
ment for  tho  aoeecBplishaent  of  Ao  grcM  coda  in  view. 
Two  of  these  ohjeets  are  ainglod  out  and  provided 
for  in  tiM  statate  before  ns.    It  eaaets,  flnt,  that  all  the 
Ststo  t«Ma  ihan  bo  oollectrd  in  gold  or  gold  notes.    In 
sooMof  the  States,  ss  In  ('alifomln  and  Oregon,  this 
■magnasnt  hat  been  legalised  even  nnder  onr  pi 
enmnej  systcni;  bat  after  resumption  this  polity  vonld 
be  indispsnsnUe.    The  law  also  fanpBss  the  payment  of 
the  interest  on  the  Sute  debt  hi  Mb;  bat  as  this  9(«to 
now  pays  the  interest  on  all  its  bonds  ia  gold,  exrept  Iba 
Boanty  loon  (which  by  its  terms  is  pajaMo  in  enrrsney), 
this  point  is  with  as  of    little  inportaneeL      8o  far 
then,  aa  the  flrst  section  «f  the  lav  before  oa  is  co»> 
oatnod,  it  oontaias  nothing  bat  what  eoold  be  and  haa 
baan  dona  by  some  of   the  Sutes   nndor  oar  psper 
money  system  and  as  a  palllatire  for  its  evils.     The 
sseoad  seetion  is  the  one  that  has  been  more  dpflnitely 
ohjaelad  to  by  the  agitators  we  have  raferred  to.     It 
drclan*  that   any  person  who  makes  a  contract  after 
Jaoaary  I,  1870,  to  pay  $60  or  any  other  sam  withoat 
Bpaiifytng  the  kind  of  dollars, shall  beheld  by  the  ooorts 
to  have  iatanded  to  pay  gold  dollar*.     Now  as  Congress 
basdaolarad  in  the  Resumption  law  that  on  1st  Jan.,  1  n79, 
thata  shall  be  Iwt  one  kind  of  dollar  in  the  Unitcl  Siatt^ 
namely,  tha  gold  dollar  or  the  greenback  exchangeable 
therefor,  this  seotion  of  the  Sute  law  is  clearly  in  har- 
mony with  the  will  of  Congress  as  expmacd  in  that  Uw. 
btill,  toobaenrsthajMtoperlimiuof  Stat)  Imi,  the 

New  VoHi  statate  spaeially  limits  its^f  t-  -vmnde 

and  payable  in  this  State.     It  u  easy  to  see  that  if  a 


similar  law  were  j>a8«ed  in  all  the  other  States,  an  import- 
ant ground  for  resumption  would  be  fully  covered,  or  at 
least  a  valuable  aid  and  sanction   would   l>e  given  by 
State  legislation  to  the  preliminary  arrangemects  need-  • 
ful  to  prepare  the  way  for  final  resumption. 

There  arc  many  other  reasons  why  appropriate  legis- 
lation by  the  States  may  fitly  precede  resumption.     Such 
legislation  would   tend  to  produce   a  wholesome   eflfcct 
upon  men-antile  credits.     Every  one  knows  that  some  of 
the  most  formidable  obstacles  which  have  been  raised  in 
the  path  of  currency  reform  are  founded  on  the  over- 
expanded  rondilion  of  commercial  credits.    Mr.  Wendell 
Phillips  in  his  letter  to  the  Legal  Tender  Club  a  fortnight 
ago  cited  the  Grevillo   papers  to  prove  that  Sir  Robert 
Peel's  resumption  bill  in   1810  was  mistaken  and  disas- 
•boirv  abonid    trons.      The  only   mistakes   and   ilisastera   which    that 
wholesome  law  produced  were  due  to  the  rci^'kless  over- 
expansion    of    mercantile    vredits.      To    prevent    such 
orer-expansion,  with  its  resulting  evils,  during  the  next 
three  years,  is  an  object  well  worthy  of  the  attention  of 
our  best  statesmen.     A  thoosand  expedients  may,  be 
raggested  for  this  purpose.    Among  the  eifeotivo  auxili. 
■ries  for  checking  the  exoeanve  Abuses  of   mercantile 
credit,  one  of  the  most  valnable  will  bo  found  in  the 
co-operative    legislation    to  which   we    havo    referred. 
Pablic  opiniop  in  several  of  the  Slates  is  already  8uffi- 
rtently  advanoe<I  to  render  sueh  legislation  possible.     A 
mlaUry  improvement  in  several  other  States  will  witliout 
doabt  take  place  during  the  next  three  years,  for  in  this 
oonnlry  reforms  travel  fast  when  wound  views  on  great 
pabfio  questions  uke  hold  of   the  intelligence  of   the 


Finally,  tho  discussion  of  this  onrrent  agitation  about 
th«  r««unption  question  .should  lead  us  to  a  broader  view 
of  tha  dangers  and  dutim  which  it  offers  to  the  countr)-. 
Sonw  of  OS  are  in  the  habit  of  regarding  the  resumption 
of  coin  pnTments  as  a  work  which  has  to  be^done  by  tlio 
govemmant.  And,  as  far  as  it  goes,  this  view  is  sound, 
for  tha  U.  tt.  Treasury  will  havo  to  |»n>vid/f«>r  the  |>ay- 
In  cola  of  several  handrod  millioDx  of  its  greenback 
Others  ngaia,  speak  of  lasampUon  as  a  work  to 
badMM  by  tho  banks.  Thia  also  is  a  sound  view,  for  the 
baoka  viH  have  to  pay  their  notes  and  depoaiu  in  ooiu  or 
lis  oqaivalsnt  when  resamptioo  is  established.  Unt  the 
sama  ptineiple  may  be  applied  to  all  debu  and  debtors 
of  avery  sort.  For  it  is  one  of  tha  benefits  of  ourrency 
reform,  and  one  nf  the  advantages  that  is  promised  lu  by 
>n,  that  the  standard  of  tl:e  carrenoy  will  be 
nastabis  and  unocrtain,  a*  it  so  long  has  been ; 
bat  will  booomo  fixed,  parmanent,  stable,  and  (imily 
establiriied  on  the  aoUd  rook  of  specie  payments. 


I?l 


i\VU7IR!ITS  OP  PlllSCUL  COirOEiTIOXS 
III  Tfltl  CITT. 
TTie  management  of  financial  institutions  in  this  city  is 
a  roattar  of  far  more  than  looal  importance.  New  York 
ia  reoogniaad  aa  the  (inanetal  centre  of  the  country, 
although  the  city  does  not,  and  probably  never  can, 
oooapy  the  position  of  overshadowing  importance  in  tho 
Unitod  States,  which  Tx>ndon  holds  in  England,  or  Paris 
in  Prance.  The  extent  of  territory  here  is  too  large,  the 
interests  of  different  sections  are  too  diverse,  and  the  form 
of  government  too  dissimilar,  to  admit  of  snch  conoen- 
tration  of  affairs  as  we  sec  in  the  countries  of  Europe. 
A  healthy  management  of  the  financial  institutions  of  a 
roetropolit.'in  city  is  important  in  two  respects — first  as 
regards  the  wide  interests  which  hang  directly  upon  their 
soundness  and  freclom  from  snspicion,  and  secondly,  in 


B  S86 


THE  CHRONICLR 


[October  9, 1875. 


the  precedent  which  is  furnished  for  the  rest  of  the 
country.  The  first  is  suflBcicntly  obvious,  but  it  is  not  so 
clearly  seen,  except  by  tracing  up  the  subject  as  a  matter 
of  history,  that  the  laws  and  customs  which  obtain  for 
the  government  of  financial  transactions  in  a  principal 
city  are  apt  to  be  followed  and  adopted,  to  a  greater  or 
less  exteat,  throughout  the  country. 

In  all  discussions  or  intjuiries  relating  to  financial  topics 
the  want  of  trustworthy  data  is  greatly  folt,  and  it  is  the 
purpose  of  the  present  article  to  bring  together  and 
present  in  a  compact  shape,  a  few  facts  in  one  department 
of  financial  information  relating  to  this  city,  by  showing 
the  precise  character  of  the  investments  held  by  all  its 
financial  corporations.  To  this  end,  a  classification  has 
been  made  of  that  portion  of  their  assets  which  is  in 
securities  or  real  estate,  under  the  following  heads — 
"  XJ.  S.  Bonds,"  "  State  Stocks  and  Bonds,"  "  City  Stocks 
and  Bonds,"  "County  and  Town  Bonds,"  "Stocks  and 
Bonds  of  Corporations,"  "Bonds  and  Mortgages  on  Ileal 
Estate"  and  "  Real  Estate."  It  is  hardly  necessary  to  say 
that  tjie  extended  tables  given  below  have  been  compiled 
with  much  labor  and  research,  but  the  work  has  been  the 
more  satisfactory  from 'the  fact  that  the  figures  obtained 
are  official,  and  it  is  therefore  possible  to  present  the 
statement  as  authoritative,  and  whatever  interest  it  would 
otherwise  carry  is  materially  increased  by  the  knowledge 
that  the  compilation  is  based  on  official  returns,  and  not 
upon  estimates,  as  is  too  frequently  the  case  in  general 
statistics  of  this  character.  When  continued  from  year 
to  year  an  additional  value  will  be  given  to  the  total 
figures  by  the  comparison  with  former  periods  which  can 
then  be  obtained,  and  the  variation  in  the  character  of 
the  investments  from  one  year  to  another  will  be  watched 
with  much  interest. 

Dealers  in  government  securities  may  be  assisted  in 
their  business  calculations  by  knowing  just  what  amount 
of  those  bonds  is  held  by  companies  in  this  city,  though 
as  to  the  several  other  classes  of  securities  named,  the 
totals  have  only  a  general  interest,  since  the  great  variety 
of  issues  precludes  a  more  particular  classification  in  order 
to  show  each  kind  of  State,  City,  or  other  stocks.  It 
should  be  clearly  understood  also,  that  the  amounts  given 
do  not  include  any  stocks  or  bonds  held  as  collateral 
security  for  loans,  but  simply  refer  to  those  included 
among  the  assets  of  the  several  companies,  of  which  they 
have  the  actual  ownership. 

As  a  general  result  of  the  tables  below,  we  find  that 
the  total  amount  of  U.  S.  bonds  owned  by  the  financial 
corporations  in  New  York  City  is  $118,419,354;  stocks 
and  bonds  of  States  $19,985,917;  stocks  and  bonds  of 
cities,  $61,291,133;  bonds  of  counties  and  towns,  $7,373, 
255;  stocks  and  bonds  of  corporations,  $12,640,980;  real 
estate  bonds  and  mortgages,  $202,058,313;  real  estate 
owned  $31,903,507 — making  a  grand  total  of  $219,710,639 
invested  in  securities  of  all  classes;  $202,058,313  in  bonds 
and  mortgages;  and  $31,903,607  in  real  estate.  The 
total  held  by  each  class  of  corporations  is  shown  in  detail 
as  follows: 

state          City      County  Stocks  &  R.  Estate 

Tj.  S.        Stocks       Stocks   &  Town  Bonds  of    Bonds  <fc       Real 

Bonds.     &  Bonds.  &  Bonds.  Bonds.  Comp's.    Mortg's.     Estate. 

SanJa—         $               $              t              $  t               $               t 

National  83,414,450   1,604,299  4,061,661      73,275  3.382,457        868,809   9.237,744 

State....      •336.3.54       •91,000    *600.000    • •100,000        161,108    1,534,352 

Savii.gB..  88,848,70014,690,685  48,816,125  6,466,300  369,600  64,941,332  5,659,346 
Jmurcmce— 

Fire 15,907,250      862,417      908,617      96,500  1,916,875   10,940,756   1,485,781 

Marine ..  10,582,600      475,600   1,480,000      74.000  1,910,348       165,150      660,000 

Life 11,727,100   1,801,346   8,414,700    614,180  2,353,900119,986,669  11,631,004 

Trutt....  9,664,000  960,700  2,710,080  150,000  2,'i08,300  4,989,489  1,715,280 
Total...  .118,419,384 19.965,917  61,291,133  7,378,266  12,640,960 202,058,313  81,903,597 


*  These  Items  are  for  two  banks  only,  and  there  remains  a  balance  of  $899,068 
of  "stocks"  of  all  kinds,  distributed  among  25  banks,  of  which  a  classification 
could  not  be  obtained. 

In  explanation  of  the  preceding  table  it  may  be  stated 


that  the  National  banks  give  the  par  value  of  govern- 
ments, but  the  estimated  real  value  of  other  stocks  and 
bonds,  but  not  above  par;  their  statement  was  of  date 
June  30,  1876.  State  banks  give  the  actual  cost  of  their 
securities,  and  their  statement  was  for  June  12,  1875. 
The  savings  banks'  figures  are  from  the  official  reports  to 
the  StatS  Superintendent  of  Banking,  Jan.  1,  1876,  and 
the  par  value  as  returned  by  them  is  given;  Insurance 
Companies' returns  are  to  Jan.  1,  1875,  and  the  par  value 
of  securities  is  taken;  Trust  Companies'  reports  are 
mostly  to  February,  1875,  and  the  par  value  of  their 
securities  is  also  taken.  Bonds  and  mortgages  are  in  all 
cases  put  in  at  their  face  value,  and  real  estate  generally 
at  its  estimated  market  value  at  the  date  of  the  returns. 
As  to  the  character  of  the  investments,  we  think  that 
the  ngurcD  aro  gpnerallv  such  as  will  reflect  credit  upon 
our  corporations  and  inspire  confidence  in  their  manage- 
ment. Out  of  a  total  amount  exceeding  $219,000,000 
invested  in  various  securities,  only  $12,640,980  is  in  the 
stocks  and  bonds  of  companies,  which  are  generally 
classed  as  the  least  conservative  sort  of  the  investments 
above  named.  Of  the  whole  amount,  upwards  of  $118,- 
000,000  is  invested  in  U.  S.  Government  securities,  which 
are  universally  recognized  as  the  highest  class,  and  it  is 
believed  that  if  the  figures  to  the  present  date  could  be 
obtained,  the  proportion  of  governments  now  held  would 
"be  relatively  much  larger,  as  our  financial  companies  have 
unquestionably  been  large  purchasers  of  these  securities 
throughout  the  current  year.  It  is  not  ijitended,  nor 
would  it  be  proper  here,  to  make  an  inquisitorial  examina- 
tion as  to  particular  stocks,  bonds,  or  real  estate  held  by 
any  specified  company,  but  it  is  manifest  that  such  an 
examination  of  the  strictest  character  ousht  to  be  made 
at  stated  periods  by  the  properly  authorized  offiolalo.  A 
mere  statenient  from  a  savings  bank  or  insurance  com 
pany  that  it  holds  a  certain  amount  of  "  State  Bonds"  or 
a  certain  amount  of  "  Stocks"  is  practically  useless,  and 
no  government  official  can  form  a  correct  opinion  of  the 
condition  of  a  corporation  without  knowing  precisely 
what  its  investments  are,  even  down   to   the  minutest 

details. 

NATIONAL  BANKS. 

There  are  48  National  Banks  in  New  York  City,  with 
a  capital  of  $68,500,000.  In  the  published  returns  of  the 
banks  to  the  Comptroller  of  the  Currency  there  is  no 
classification  of  the  kinds  of  securities  which  they  hold, 
except  governments,  but  through  the  courtesy  of  Comp- 
troller Knox,  we  have  obtained  a  statement  of  the 
aggregate  amount  of  each  class  of  securities  held  by  all 
the  National  Banks,  showing  that  they  held  on  June  30, 
1875,  $33,414,450  of  U.  S.  bonds,  (of  which  $20,156,100 
were  deposited  as  security  for  circulation),  $1,604,299 
stocks  and  bonds  of  States,  $4,061,661  of  Cities,  $73,275 
of  Counties  and  Towns,  $3,382,457  of  various  corpora- 
tions, and  $868,809  of  bonds  and  mortgages  on  real 
estate— making  a  total  of  $9,990,503  of  other  investments 
than  governments.  .  Their  real  estate,  including  banking 
house  property,  was  $9,297,744. 

STATE  BANKS. 

There  are  27  State  Banks  in  this  city,  with  a  capital  of 
$15,585,200.  Their  statement  to  June  12,  1875,  showed 
that  they  then  held  $1,925,000  of  "stocks,"  $161,108  of 
bonds  and  mortgages,  and  $1,554,352  of  real  estate. 
They  do  not  make  a  separate  statement  of  each  class  of 
securities  owned,  but  simply  return  the  gross  amount 
under  the  head  of  "stocks."  Of  the  above  $1,925,000 
two  banks  held  $1,026,354,  and  of  this  an  analysis  has 
been  procured,  showing  that  it  was  made  up  of  $335,354 


October  9.  1875.) 


TttB  CfflRONlCLIi 


337 


b  V.  S.  boada,  t»lkOOO  of  State  bonds,  *SOO,00»i  city 
bonds,  and  ♦100,000  of  Company  stocks  and  bondu,  as  in 
the  table  first  above  given.  The  total  amount  remaining 
unolaaeified  ia  therefore  only  |d9<J,068,  which  being  dis- 
tributed Among  twenty-fivo  banks  is  relatively  so  small 
M  to  be  of  little  importance.  Many  of  the  state  banks 
are  ranked  among  our  most  oonsenrative  institutions. 


»Tan  BikSKi »  SBw  ToaK  nrr 
Hunw. 


Amnlea,  Brak  of 

Boll's  OmiI  Buk 

CoraExcluB:;e  Bank 

nry  UoaimVaak 

EIcTBotB  Wud  B«k . . 
UennaUa  BMh, . .  u .  ■ 
Gerawo  American  Bank 

OnndOeaUalBuik 
tiiMvrfchBaak 
Orocen'  Bank.. 
HaitamBvk, 


-  -      .-0 


SATfBDAT  JWIE  1*.  ISTS. 

Bondaand 

Mortirasea, 
RaM  Valne. 


Jlcal  F.atate,'' 
Saia'd  Value. 
(ISS.6dO 


100.000 


MaahatUB  Compin; 

Sunfact'n' *  rV 

Metro  polta,: 
liarrargUlI 

Nc«  York  Goid'Kxck.  Bk 

Xlafb  Ward  Baik 

North  America,  Bank  of. . 

N<iMkM««r  B«ik 

Ortcoul  Bank 

frnMcVrnk 


P«ople'«  Bank. 
Prod  or 


doreRaak 
Wrat  Milk  Bank . 


Total. 


i.uSSo 

*JI.'.I>  i) 


1.080 

vr.iis 

MM 

liM» 

ta.tm 

i«.s«t 
»M.no 

ri,<w 

•\i,m 

aa^oau 

tm,il» 

Vm 

t.na 

Stocka, 

font 

Valna 

|T?0.oau 

M.MO 

1M.8M 

OT.mi 

l.\«10 

&.oaD 

li.000 

&aDo 

55,000 

47,a> 

5,000 
30,000 

lsn,90B 

u,aon 
las.OM 

MJKO 

4.»m 

&.flM 
tl,«» 
M*l 

1M.»1 

s.om 
miaeo 


aoncja  dopoaitad  theroia.  ODijr  ■•  lollowi,  to  wll : 
1.  In  tlM  Macka  or  bnoda  or  lalervtt-bearinc  » 
Oultrd  Sutoh  ur  tkOM  tor  whicA  thr  fallk  of  IM  United  Suioa  U  pledged  to 


BANKa. 


twi.ios     txjm-tn 


(i\aeak«u 

SAVINQS 

The  importance  of  these  institutions  to  the  comratinity 
is  universally  recognized,  and  the  neceanty  «'  "ng 

their  management  by  careful  legishttive  rt-  -  ia 

more  and  more  felt.  The  laws  of  this  State  have  always 
been  stringent  in  regard  to  the  iiive.^tments  which  savings 
haaka  were  pcrmitteil  to  make,  but  notwithstanding  these 
strict  pro^-isions,  there  have  t>ecn  several  disastrous  fail- 
ures among  them  ,*•■-'■•••  •»ip  pa.m  few  years,  and  at  the 
last  MMion  of  th(  irc  a  general  Uw  was  |>assed 

-T.'5,)  for  the  government  of  all  savingft  banks  of 
~     ••%  from  which  we  qtiotc  1h.'Iow  the  important  sec- 
tions relating  to  their  investments  and  annaal  reports  to 
the  snpci' 
the  weak 


temporary  loans  with 
investments  in  State  b 
principal  cau.ws  of  Io!«> 


r  as  the  failures  have  shown  up 

-V5rteni,  it  would  appear  that 

lit  collateral  M-curity,  aad 

"•.•,    V        V        ihe 

' .  '  • '        ied. 

It  i)i  a  carious  commentary  upon  the  groat  changes  which 
have  taken  place  since  the  old  savings  bank  laws  were 
passed,  that  losses  have  been  made  on  State  bonds.  At 
that  time  they  were  rtnkol  ifcst  of  all  securities, 

for  there  were  practically  u^  i  .  ...  Uinds  to  be  obtained 
hot  in  our  artidc  of  November  14, 1874,  ve  ■^■rnWhO. 
there  were  a))<>ut    ~  2,000  io  defa  iterest, 

oat  of  a  toul  of  -  -J,»70,.'517  of  >  la  out- 

standing. 

Two  points  are  brought  prominently  to  nulioc  in  the 
recent  failure  of  the  Third  Avenue  S.-ivings  Bank,  as  to  its 
statement  Jan.  1,  1875,  made  to  the  Superintendent  of 
Banking,  and  published  in  the  CnBoxirijc  of  Oct.  2,  on 
page  310.    The  report  of  assets  includes  the  following: 

Blalaaa«lMriaaaIt««Tork |>tS.*H  SST.OOO  •Ml.oaD 

Now  the  first  point  in  regard  to  the  statement,  which 
is  apparent  on  its  face,  is,  that  the  figures  as  thus  given 
in  groasMBoant  show  practically  nothing — the  bonds  of 
"  other  States,"  for  instance,  might  be  bonds  of  Mtiwi 
chnsetts  or  of  North  Carolina — an<l  any  report  with 
investments  lumped  in  this  form  is  but  a  farce.  The 
second  point  referred  to  above  is  not  apparent  on  the  faoc 
of  the  statement,  bat  is  aevertheleas  very  important  and 
calls  for  some  exptaoalion,  it  is  as  to  the  "estimated 
market  valae**  of  State  bonds  whiak  la  given  nt  t647,v 


000,  or  fall  par  v'stfac.'  We  believe  that  tde  fact  ia 
well  known  that  a  lartre  part  of  those  Becurities  were 
borids  of  Louisiana  or  other  southern  States,  and  tha* 
their  market  value  in  New  York  at  the  date  of  the  returns 
was  far  below  par.  If  this  is  the  ca.se,  the  statement  was 
worse  than  useless,  and  calculated  to  deceive  every  person 
who  referred  to  the  State  Hanking  report  for  information. 
The  following  are  the  requirements  of  the  new  law  in 
regard  to  the  annual  reports  of  savings  banks: 


8tc.  S7.  Sadi  report'shall  atate  the  amoant  loaned  upon  bond  and  mort|;aiEe, 
toi!«thcr  with  a  list  of  sack  bond*  and  niortgagoa  and  iho  location  of  the 
morlgac^  pCvmlaee,  aa  kare  not  pri'viooily  been  reported,  and  aUo  a  list  of 
MICA  finrtouf  nporiad  aa  have  since  been  palt  wboll;  or  In  pait,  urhava 
be«n  roteclodaa,  and  ika amoant  of  sucb  pajmcnta  respectively ;  tbe  c•>^t.  par 
vaMeaad  estimated  market  value  of  all  atork  luvestmento.  deslt-natlng  each 
parOeuIar kiad  •(  stock:  the  amoant  loaned  npon  the  pledge  uf  secarHica, 
with  a  atatemant  of  tbo  aecori '  ies  held  aa  collalural  for  snrh  loans:  the  amoant 
Inreated  In  raal  eatata,  givlof  the  co>t  of  tbe  nmv  :  tbe  amount  of  caah  on 
lit  lA  J^aaka  < 


haad,  and  oa  daposli 


I  or  truai  companies,  with  tbo  oamea  of  anrh 


haoka  or  traat  oompaalca,  and   the  amoant  defiosiiod  lu  each ;    and  aucb 
other  Infomianon  aa  tha  anperUiteadunt  may  loqalre. 

The  provirions  of  the  new  law  are  strict  in  regard  to 
investments  as  may  be  seen  by  the  following  sections: 

>Kc.  to.  U  (hall  be  lawfiU  for  tke  trastrea  of  an7  savings  bank  to  invest  the 

.._.■ ... — ._  — '-jaioliows,  to  wll: 

Intervst-bearlng  Ibitea  nr  obligations  of  Ika 


provide  for  iM  payment  of  the  interest  and  prtaeipal. 
Io  ike  sfaicsa  or  bonds  af  thla  Slala,  baarinc  latari 
8.  Tn  Ike  atocka  or  boada  uf  aa j  State  la  ike  Loiou  that  baa  not,  wlUiia  ten 


«.ioi 


jean  pravloaa  to  miking  such  investment  or  aack  corporation,  defanlted  In 
thaparmeotvfaar  pan  o<  either  principal  or  lataraat  of  any  debt  antkoriaed 


I  of  tbia  Suia 


by  any  Legialatan  of  aach  t>ute  to  be  ooniractad. 

4.  In  tbe  slocki  or  bonds  of  any  city,  coannr.  tarn  or  villai 
Issued  ponnaat  to  ika  anikority  of  any  lav  ci  Ibia  Kuta,  or  in  any  inteiaat- 
beariog  obiiaatioas  iaanad  by  the  city  In  whick  anch  bank  ahali  b«  aituaied 

'    Inboaaaaad 


5. 
and  worth  at 


|nort4;a 

twice  I 


^t-s  on  uuiucumhaRdnataauuaUailein  thlaSlata, 

e  l>>«  amount  loaned  theroOfi,  but  a^'t  to  exceed  alxly 

uor  cant  of  ika  vbple  amnant  of  depoaiu  ahalt  baao  loaard  or  Invcstad,  but 
IB  eaa«  the  kiao  ts  on  unliaprovcd  or  anprodasilira  real  uaute.  tbo  amoant 
loaned  Ikeraaa  altiti  notb*  more  Ihtn  forlj  parcaat  of  its  actual  valaa;  and 
ao  lavaatmaat  ISMur  bond  and  mortjtaj 
excapt  upon  tb«  aq|C>rt  of  a  commlttae  i 
Ika  r.>me.  and  waw  rhali  Crftlfy  to  t)ia  ^ 


no  lavaatmaat  t«  mjf  bond  and  moruaga  a^allba  Bade  by  any  a<«lni;«  bank. 

bpmortiragi'd.  a«aacdlng  to  their  beat  Jndmrat. 
and  praacrtad  amonc  Ika  racords  of  the  inrtitaUaii. 


>«V  I  „   . 

excapt  upon  {ba.am^'rt  of  a  commlttae  charged  wltb  tbe  daiy  of  taTeatintlnff 

■■  "       ■"    "    ""^  '    ka  aremlaaa  faanaaaef  i»r  to 

•ad  suck  report  aSall  be  Had 


satlntl 
red  i>r 
lcag<'4.  a«aacaing  to  tbetr  beat  Jndmrat.  aad  suck  report  aba 
praacrvad  aoMWc  iba  racords  of  the  iiirtitnlaii. 
«.  IB  rtal  aauta,  aabjact  to  tk<-  provlsloaaof  aaetlan  twmtj-nlna  of  tbla  aol. 
aarixui  aaaKa  a  xxw  tobk  arr,  JAXruiT  1,  1S;9. 

r.  S.        Sule  CiiT       Connty     R.  Estata 

Baoda,      Boud^    ATown,     Bonds  A 

P"-  P".  m-      m'toiea. 

s.s)V1m  i,on,od6  t,wMtMm  s^'.tsd 
t.iM,sab  S.MOA0    t««,on  s.oB.nes 

IOO,roO    l,OSO;«0      704,000 


Boada, 
KaiB*  of  BOtik.  par. 

Hlliir.Bk     SM.0OO 


ark  Sai.Bk 


Real 
Katala. 

SO.OOO 

SMisn 


1.000.000     iMpOoo  i,«rg,«i«    i8V.im 


taimal  laSoiibUl.  1,900.(00 

■qMQuldA •«... 

BvOnipnr. ...     ...   .       4iLVB« 

rraakna IMtt 

0«naaa..„ SiUM 

OanM*.  Marrtaaatt      sr.OtO 

Oema  LV'>»"» 

Oraeawtck M01.S0 

Barteaa 00,000 

IaBt.Sa<iMsarMa»^ 

cbaato'aarfca...  t.aei,ioo 
kvMwnbia^tsiiiii.  sHjuo 
KoaiMt*^ 1,00^00 

lt«*Aaia«t>iUwi... 
Bew  York  Sating... 

jrartknvrr 

Orttptal Kon 

Nopla'a 

SeaoiaB'a  Bk  far  Sat.  MBT,000 

sispennj'.'' .'. .'.'.'.v..    tiijic 

TruUinla 

TbInI  Arena* 

Trade*  ..       

rnkiaDlae 

WM^Ma 

racfcvttU..^.j« 


nb.Nio 


t,i(i!t<n 
t.'ta 
ao.ooo 


ao^      tiM  40000 

•4,000  0,1(1.100  m.soo 

"  II.IM) 
0.900 

■ttKMO  t,«is,iaB  nun 

40100  MVaOD 

1t<.00S      IH^  loijw 

i,«n/ios  i.74B,Ms  ao.o« 

40,au>       HSkOOO 


^"SiS 

IIlBDO 

ias.aoo  umUS 

80,800   S,11S,8m 
4,000 


«s.tu 

SlSiWO 


ULfU 


41*,  ns 
»<^6oo 

0IS.OV 

1)10,000 


401,000 
I.IIOMD 

i,tsg,soo 


ar 


1110,000         14,000  ,__ 

SLOOO 

M.(iift  HaS 

s,a».«n  i,7is4ao 

LOon 

n,ixio  oiLaoo 
»'A.im 

MT/ni  4S,<00 

i,oao;«it    ::::::  mS^ 

tMJoa 

wa 


U.000 

nitoo 

5tf,auO 
10.000 

tni,ooo 

•MM 
tM.'CO 

M,aoo 

tii),7«> 
"(itn 


C1.4S0 

r.r.v3« 

18,TU> 

ta,s» 
081  ,aM 

4,nB,oao 
»%,igo 
Ma.Qn 

B,«n,an 

4U,4B0 

i,tn..«o 

041,100 

4,5™,  IM 

W.oao 
i,o.itouo 


tn,««o 

111,400 

mios 

080,860 
10,0nO 

«J»M)a 

118,000 
1,000 


ic«io6» 
isaooi 

iiCioi  ' 

«S.4I« 

uo.ono 

>  0,000 

MS.40t 

80,nOS 

80,000 

anaooo 

14Y,8I» 

so.iM 

aLS74 
184.000 

70,000 


880,000 
87.406 
88.018 


ou^ooo 

48,000 


Total Jt34B.700  14.8»0,S8S  4S.tlS.US  8.401.800  8«,M7,SSi  S.888.S4S 

la  lb*  waiiaillai  lahls  '  links  and  Bonds  of  Oompanlea" ara  omitted,  as 
only  |pa.W8  aaia  iMarsad  Inali;  and  |St..ii(10or  tbla  were  raiaraed  by  tha 
New  Tack  SailMi  laak  aa  "OUirr  Stocks  aad  uaada.*'  wblla  tba  balance  ww 
made  an  of  mS  by  tb*  Kxe*8riar  SIM880  by  Um  TbM  AvaDaa,  aad  tiOMa 
by  lb*  TotfevHk  RiOl  (MaU  aad beadaaad  mulHataa  are  ratomed  at  their 
actaal  istlaoOSl  biabil  ^alaa,  aad  aaeoUiaa  at  Ihalr  par  valaa. 

FIBB  AND  FiaE-UARINE  INSUBANCE  COMPANIES. 

Tbe  Fire  Insurance  Companies,  some  of  which  write 
fire-marine  risks  also,  appear  to  bo  careful  in  their 
investments,  which  are  divided  principally  between  U.  S. 
bonds  and  real  estate  bonds  and  mortgages.  The  totals, 
as  gives  below,  are  as  follows:  U.  8.  bonds  $16,907,250, 
Stdite  •362,41 7,  City  $008,617,  Connty  and  Town  |95,600> 
Company  stocks  and  bondsll, 910,375,  bonds  and  mort< 
ga^a  on  real  tUtM  110,940,790,  real  eaUt«  $l,46(,7ai« 


338 


THE   CHRONICLE. 


[October  9,  1875. 


nsB  Jam  rtBM-niaarm  nntnu.NCB  ookfakhs,  janvikt  1,  1875. 
U.  8.       State      City    Stocka  A       Real 
Bond;,    Bonds,  Bonda.  Bonds  of      Estate 
par        par     Co.'s  par  Bonds  A 
ralae.    value,     value,      morte's. 
»  »  t 


Natae  ofCompany. 


par 
value. 

jEtna(F.M.) 91,000 

Adriatic 161,.V)0 

American 808,00.1  

American  Exch'ge  (F.M.)  18S.0OO  

Amtiy    140.000  

Arctlc<F.M.)     1».\000  

Brewers' &  Mai's.  (F.  H.)  140,000  

Broadway 340,000  :... 

Citizens' S60,00O  60,000    

aty 38,000  

Clinton  (F.  M.) SOO.OOO  

Columbia  (F.  M.) 156  300  80,000    41,500 

Commerce  (F.  M.) 173000  

Commercial 800.800  

Continental 500000  66,000 

Eagle 99,*i0  

Empire  City 800000  10,000 

Emporinm 180,001  

Exchange  (F.  M.)  180,000  

Farragut 160,000  ..... 

Firemen's 168,000  

firemen's  Fund 152,000  

Oebhard 60.(100  

Qerman  American 900.000  

Germanla 500,000  31,500 

Globe    8*1,000  t'fiOO 

Greenwich  a.'iO.nOO 


$ 

175.700 


Real 

EsUte. 

$ 


163,300 
4J700 
84,700 


6.000 
80.000 
80,300 
98.000 
70,000 


60,000 

seirno 


40,000 
44,000 


so(i,6oo 
1  ^.wo 

500.000 

75,0(0 

8,100,000 

9.5,1  OO 

305,000 


Guardian  (F.  H.) 

Hamilton.. 

nanover 

Hoffman 

Home 

Hope 

Howard  (F.MJ 

Importers'  &  Traders' 

Irving 165,000 

JeflTercon 160,(100 

Knick.  rbocker 1.55,000 

Lamiir(F.M.)  870,(X)0 

Lenox 150,0  0 

Lorillard 8Ki,000 

Manhattan  (P.  M.) 250,000 

M  ini  fait'rs  &  Builders'.     2(0,000 
Mtchanics'  &  Tr.  (F.  M.)     130,000 

Mercantile 165,000 

Merchants' 60.000 

Metro, olitan 1.16,000 

National 80,000 

New  York  B->wery ai»3,050 

Ne  .V  York  Equitable  ....      170,000 


131,425 

218.790 

S5,000 

17,7o0 

lo.obb 

69,000 

6.000 

12,500 

65,000 

'!,000 

10,666 


ais.7«) 

19.300 

ll,5iX> 

38  500 

16.000 

40.900 

181.860 

870,700 

96.400 

32,600 

56.000 

68,050 

538,800 

801.175 

49,000 

l'66.466 
79,200 
67.800 
21,400 
84,8?5 


68.500 
3,500 


691,000 
75,000 


76,117 

10  000  101,000 


86,000 
90.000 
50.000  166,050 


5,000  30,000 


110.000  84,000 


80,000 
10,000 


6,917 


36.000  106,000 

10,000  

6,000 


16,000  114.000 
21,000    10,"00 


New  York  110.009 

New  York  Produce  Exch.  175,00 ) 

New  York  &  Yonkers. ...  2  0,000 

Niagara    700,000 

North  River  100,000 

Pacific 22o,(00 

Park 310,000 

People's  l';5,0  0 

Peter  Coooer 141.li00 

Relief  ....' 4t.6li) 

Republic 90,000    ..:...     SniOOO 

Resolute 179,000    20,000 

Rugcrs 50,000    

Safeguard  (F.  M.) 200.000    45,00u 

Si.  Nicholas )2n,0  0    50,000 

Standard.. 241.000    

Star 70,000    

Ste  ling 83'5,(iOO    

Stnyvcsant...  2(0,000      1,000 

Tr-desme  i's(P.  M.)..  ..  100,0"0    10,000 

United  States S6t>,500    


86  700 
20,280 

49,6^6 


64,000 


40,000 
°99,9j6 


10,000 


666,130 

72.500 

166,951 

22  500 

79,824 

331.000 

158  993 

3,03.1  8.'.3 

9(i,0i0 

63  450 

80,MW 

89,700 

890.."75 

71,529 

3.<l,90<) 

41,000 

88,300 

800,131 

57,500 

337  100 

8l,0i(0 

875.000 

144,i51 

247  000 

266,800 

*'7,3()0 

170,6-.3 

14,000 


4,000 
41,345 


18,161 


185,000 


185.000 


8,%5'I0 
3,000 


124,000 
336.i50 
3v2,500 


17  200 
8,000 


70,000 


2,500 
18,"00 
90,000 


86,000 


12,000 
.5,000 
15,000 


15,000 
33,9)0 
67,i50 


39,0(10 
2!),250 

ia5,750 

195  900 
12,000 

811,760 
11.000 
62,311 
67,4110 

182,625 

465,210 
140,200 
192,650 


62,500 
48,500 
ii5',06() 


7,685 


Total 15,907,250  362,417  908,617  1,916,375  10  910,756    1,485,781 

'  County  and  Town  Bonds  are  omitted  in  the  preceding  table,  as  only  tSS.SOO 
are  held,  as  follows  :  Kiremen's  Fund.  $2.(0(1;  Howard,  f-i5,(i(io;  Lamar,  $15,000; 
Manhattan.  J2,500;  National,  »a7,il00;  New  York  &  Yonkers,  tl.OOii;  Petei 
Cot'per,  #2  i,(i(K).  Securities  are  all  given  at  par  value,  and  bonds  and  mort- 
gages and  real  estate  at  the  actual  value  as  estimated  by  each  comi^any. 

MARINE  INSURANCE  COMPANIES. 
Our  Marine  Companies  are  comparatively  few  in  num- 
ber, and  taken  all  together,  are  probably  managed  by  as 
high  a  class  of  business  men,  both  directors  and  officers, 
as  any  set  of  corporations  in  the  country.  The  classifi- 
cation of  their  investments  below  shows  that  they  held  a 
relatively  small  amount  of  anything  else  than  U.  S. 
Government  securities. 

MABDTB  IKSimANOB  COMPANIES,  JAKCARY   1,   1875. 


Name  of  Company. 

Atlantic  Mutual 

Commercial  Mutual, . 

Great  Western  

Mercantile  Mutual.. 
New  Yo'k  Mutual... 

Orient  Miiiual 

Pacific  .Mutual 

Sun  Mutual  

Umon  Mutual 


City 
Bonds, 


U.  S.         Stnte 
Bonds,     Bonds, 

par  par  par 

value.       value.       value. 
$7,610,000  $401,000  $1,400,000 


307.000 
618  5(10 
28  000 
420.000 
5S6  000 
3'  8,000 
490.000 
900,000 


Stocks  &  Real 

Bonds  of  Estate 
Co.'s,  par  Bonds  &     Real 
value.    M'tgages.  Estate. 

$7  3  400  $17,000  $350,000 

10,600  '       40,000       376,470  

26.4IH)      20,000      

2*0,400      

181,>1«5      80,000 

36,r60      

88,1100      

700        3.500      

2«7,a'3  124.650    130,000 


20,000 


41,000 
20,000 


■Total $10,532,500  $475,600  $1,4SO,000  $1,910,348  $165,150  $560,000 

County  and  town  bonds  are  omitted  above  as  only  $74,000  were  held  by  the 
Atlantic  Mutual.  Bonds  and  mortgages  and  real  estate  are  given  at  the  actual 
market  value  as  estimated  by  each  company . 

LIFE  INSURANCE  COMPANIES. 
Life  Insurance  Companies  rank  next  to  Savings  Banks 
in  the  important  position  which  they  occupy  as  custo- 
dians, in  a  certain  sense,  of  the  savings  of  a  great  number 
of  the  middle  classes  of  the  people,  as  well  as  of  some  of 
the  wealthier  classes.    The  anaual  premiums  received  hj 


New  York  City  companies  in  the  year  1874  amounted  to 
•47,715,979,  and  their  gross  assets  Jan.  1, 1875,  to  $189,- 
813,949.  The  principal  feature  of  their  investments  is  the 
large  amount  of  bonds  and  mortgages  which  they  hold 
amounting  to  $119,985,669,  and  also  the  relatively  large 
amount  of  real  estate,  amounting  to  $11,631,004.  The 
great  buildings  recently  erected  in  New  York  and  other 
cities  by  some  of  the  prominent  Life  companies,  have 
attracted  much  attention,  and  the  policy  of  putting  so 
much  money  into  that  form  of  investment,  has  been  dis- 
cussed with  considerable  variance  of  opinion.  A  part  of 
the  amount  set  down  as  real  estate  is  probably  accounted 
for  by  the  possession  of  some  properties  on  which  the 
companies  had  loaned  money  and  were  subsequently 
obliged  to  purchase  themselves,  on  sales  in  fore- 
closure. It  is  generally  understood  that  foreclosures  by 
life  companioo  arfi  raore  numerous  the  present  vear  than 
at  any  former  period,  and  it  would  not  be  surprising  to 
see  that  their  "  real  estate"  had  materially  increased  by 
Jan.  1,  1876.  Formerly  the  law  permitted  investments 
on  bond  and  mortgage  in  this  State  only,  but  a  law  passed 
April  24,  1868,  allowed  Life  Insurance  companies  to 
invest  on  bond  and  mortgage  within  50  miles  from  New 
York  City,  on  property  worth  50  per  cent  more  than  the 
sum  loaned.  The  recent  law  of  New  York,  passed  May 
24,  1875,  provides  as  follows: 

Sbo.  S.  It  shuU  be  lawful  for  any  life,  fire  or  marine  Insurance  company 
organized  under  any  of  tiie  laws  of  the  State,  and  trant^acti  ng  business  in  oi  her 
States  of  the  Unit**a  Slates,  to  inve-t  the  funds  required  to  meet  itsobliijHtlons 
incurred  in  such  other  Si ates,  respectively,  in  the  same  class  of  seL-uriiii'S  in 
those  states  tiiat  puch  corporations  are  by  law  allowed  to  invest  in  in  this  State, 
but  (his  act  sliall  not  (le  construed  a.*  authorizing,  nor  does  it  p-rinit  any  such 
corpi>rail'm  to  loan  moneys  on  mortgages  upon  real  estate  without  tbe  limits 
of  this  State  and  States  adjacent  thereto. 

Whatever  securities  are  now  allowed  the  New  York 
companies  are  also  allowed  them  in  other  States  in  which 
they  do  business.  The  laws  of  this  State  permit  invest- 
ments in  United  States  bonds,  in  stocks  of  this  State,  in 
citj  or  county  bonds  If  at  or  above  par,  and  in  any  stocks 
of  companies  organized  under  the  State  laws,  which  are 
at  or  above  par  in  the  markets  of  this  city  at  the  time  of 
investment.  State  or  municipal  bonds  issued  under  the 
laws  of  any  State  in  which  a  company  is  doing  business 
may  therefore  be  purchased  by  a  New  York  company,  if 
at  or  above  par;  though  it  is  apparent  that  questions  are 
likely  to  arise  as  to  whether  the  securities  were  above  par. 

The  Provident  Savings  Life  Insurance  Company,  lately 
organized  in  this  city,  has  invested  its  entire  capital  in 
government  bonds. 

LIFB  INSnitANCS  COXPAinla,  JAKITABT   1,   18'S. 


Tftma  of  Oomputy. 

American  Popu'ar.. 
Brooklyn  (of  N.Y.).. 

Continental 

Equitable 

Germania 

Globe  Mumal 

Homceonathic  Mut.. 

Knickerbocker 

Manhattan 

Merchant^'    

Metro  no. itan 

Mutual 

New  York  

N.  Y.  Li  e  &  Trust.. 

North  America   

Security  Life  &  Ann. 

United  States  

Universal 

Washington 

World  Muioal 


U.  S. 

Bonds, 

par 

value. 

$ 

121,000 
125.000 
481,5(10 

1,60:1,150 
68\OIO 
655,000 
117.000 
193,(  00 
4:0  550 
3't.i  00 
151,000 

4,201,550 

1,275.000 
100.(100 
147,500 
59.5.000 
122,3-10 
3-3li.(10;) 
310,000 
186,600 


State 

Bonds, 

par 

value. 


City  Stocks  & 
Bonds,  Bonds  of 

par  Co.'s.  par 
value,      value. 


t          t 

$ 

45.000 

22,500 

90,000     151,000 



10,000 

281,-36     653,500 

652,500 

40.0(10     4311,(100 

30,000     536,000 

38.000 

255  900       

123,7i)0 

119,900     108,700 

il',000 

11,OjO       

105,000 

500,0(0  2,505.(00 

151,510  1,8115,500  1,502,200 

31,800       27,000 

105,000 

50.000       

704,000 

94500       25,n00 

100,000  1,353,000 

Real 

Estate 

Bonds  & 

M'tgages. 

« 

65,550 

1,165,953 

].35i,!)25 

16.621.511 

4,9  5  697 

1,911,577 

291,980 

2.4(1,742 

5,303,502 

98,000 

513,760 

66,916.0.56 

16,828.9  5 

1.939,3:16 

8,516.947 

30,682 

2,871.407 

9,128,461 

8,014  263 

10,375 


Real 

Estate. 

S 


siu.roo 

3,931,451 

29l',o66 

5.773 

686,336 


2,76-,87S 

1,768  l-;4 
2.58,494 

1,028  019 

110,000 

7,119 


58,365 
9,(00 


ToUl 11,7S7,11I0  1,801  346  8,414,700  2.353,900  119  985,681  11,63I,.T04 

County  and  Town  bonds  are  omitted  above,  as  only  $511,180  were  held  in  all. 
divided  as  follows,  viz.:  American  Popular,  »5.OO0;  Brooklyn,  $6l,00ii;  Eijuita- 
ble,  *97,5'0;  Globe  Mutual,  *H.18i;  Homoeopaihic,  $.35,000;  Metropolitan, 
$50  0(10;  Mutual,  $70  00(1 ;  New  York,  $1(17,500;  United  States,  $-25,OOU;  Univer- 
sal $58,000;  Washington.  $2,000.  Bonds  and  mortgages  and  real  estate  are 
given  at  their  market  value  as  estimated  by  each  company. 

TRUST  COMPANIES. 
The  Trust  Companies  are  comparatively  few  in  number, 
and  some  of  them  are  among  the  oldest  and  strongest 
corporations  of  this  city.    Several  companies  were  organ- 
ized under  special  charters  granted  in  1873,  with  extended 


OctobsT  9,  1875.] 


THE   CHRONICLE 


339 


privileges,  inclading  many  of  the  powers  of  banks,  but 
these  charters  met  with  a  good  deal  of  criticism, 
and  the  constitutional  amendments  adopted  last  year, 
prohibiting  special  legislation,  put  an  end  to  them.  The 
last  company  organized  under  special  charter  was  the 
Central  Trust  Company,  with  a  capital  of  $1,000,000, 
recently  opened  for  business  at  20  Nassau  street,  whose 
investments  have  thus  far  been  in  governments  exclu- 
sively. 


TBUR  coarAxm,  lAjtVAxr  axs  vBBBDAar,  isn. 

V.  S.       SUte          Cltr     Stock*  *  Bcal 

Booda,    Boudi,       Bond*.  Bopdtaf  Brtato 

par           par             par     Co.'«.  par  Boad«  A 

5ame.                tbIoc.       Ttloa.       nine.       Talus.  Moctc't. 

Fanaen-LoaaAT.  tl.ai«.*«0  t •iS.uOO    $m»JiM  $iVM 

Mrrc-ntOa «ianO 

Kaiieaai  u-nnooo    4  ,vo      tmjmo  Vi,a» 

M.  T.  Guar,  ft  iDd.       SDO.0«    t]a,l>0)          SMOaO  n.OOO 

H  T.  Uf«b«.*T.    SJM»«   aSMOO        ■t.SOO  l,MI,nt 

M  T.  SiaU  La*  T.       1IM,M»     «»,«M  _•■" 

R«alBfUte SSMBS 

Coioa IjmtMO .       HUM  iaS4 

United  siatM Min.otir  Ms,ooo  s,aas,<ni     dn.soe  t.ii»,oao 


Baal 
BMata. 

isii'o 


TSt.l  8 

us,oao 
sio.Mi6 


Toul      i9.»l.»j»t»iO.»»«^T'Oi>«*M«e,«»»«,»r»,l»$l,T15,»8J 

Coan(7  and  town  bond* an  oiaUtada'HtT*  a*  oaly  (191,000  war«  held,  ailbjih' 
ITnliad  Stataa.    Baal  aalata  and  boodi  and  mortoan  in  glTaa  at  the  actnal 
"- lkjaa«" ^^ 


TIK  DIBT  STITBIEXT  FOK  SBPrBIBEl,  187». 

The  following  la  the  offl:i;il  scaiemim  of  the  pablie  debt  as 
appeara  frooa  thn  b»tca  aai  Treasaror'4  retami  at  the  eloee  of 
boaloeM  oa  the  laat  dar  of  Heptember,  1879  : 

Wht  baarlac  latareat  la  C«Ib. 


Cbaraetarof  baa*. 


Aath'rbdBg   i  * 
AC         *^ 


la  or  irs 

t*0(  i«> 

<la,Oncoa  War.., 
•tor  IH-I 

ia  tmr*  at  urn  . 

la  of  USI 

HMIO-t 

«■,»«§ of  VU... 
•a,».«wof  1*4. 
•(.MOaof  l<«k. 
•uMaof  ISMhi 

^14^  of  ti^.*.. 
S-«0*of  ISX 


last 


M.'M 

i. '•I 

•.* 

JairAA.,'*! 
rkk.  tv« 

March  «.■« 
March  Ik  ■« 
March  !,<•« 
JaBoM,'M 
March  a.  IB 
March^W 
»u>h«.'« 
Marchl**) 
'Jalj  14,  7H 


Inuraat 
'Pcrtoda. 


1S:4  J. 


1«» 
1  SI 


I 


ISRI  J. 


not 

ISM 
1SS4 
I8B 


18-5  U. 

ias7  J. 
tm*  J. 


*  J 

*  J. 

*  J. 

*  J. 

*  N. 

«  J.U 

*  IT. 

*  N. 

*  If. 

*  J. 

»  J. 

A  J. 


AapogUef  dabthaarlttetaraiUMeeln 


Briiaiand. 


Bj/i:<<t 
ajH,«o 


Msnooo 


M3AS-4 

n,stT,aoo 

■.iKSpaM 


st.aot.ito 
iui,asj,4ao 
1414  •  a  « 

tii.iat.no 

atj>«.aao 


nrja.r*ii 


kUTOO 


Tfc<  iUaa  or  iaiiiiaiilii  ilW  ■» 


aarlnotyalcanadfor.   Th » local  «arr»taccot»dta««raw  to  *MaU>M,tiS.I»>. 
Boh*  Boartax  laMraol  la  Lawial  M(tm»T- 

Plta.;lpal.  laloraat 


aa.WaTypaa^i^i.AalJalyH.'W  lat.appi'd<»aiyt«pa*a'a«  tl4.0B.0a  (ll».aBt 


••M  •m  triilak  iaiaraal  Has 


Thim 


lae*  aaiartir. 

laaiotal  toiiil  ororarln  il«h<  fM  aaUUatlat.  wUeh  hM  aoTar 
'•Ifiiruirm-at.  of  ti >.'*''.■«>  pnaalpal  aa I  M%4.Ma  IMaMt.     Of 
fll^iaikMJ  U  on  tho  -  callod"  in.(w«atl<a  af  ISM. 

I. 


of  Um* 


Aathoiistac  A(Mk 


0«ifMaadT» 


0.a 

Wrm 
OmU 


V.  as ...mmaw   sf ,   s^t.  wh    «wa#.    am^  *««■    ■.•..... 

•4w Botsa  . .  r*o  »  and  Jalj  It.  ■•'.  aad  Mar.  I,  tatt 


Hidlll 


Jans  a  ISN  

'air  W  Mtl.  Mar.  t.  I««l  B  Jaaa  ta  M4 


lar t»U 4i»oilladlliar. t.  *tl (In •««, kl^  Mt,iai,l 


Aitiataliof  dsMhaartagoo  Intatast 


Srt.*ll.i« 


40.MM«» 
II.S4\«0 

»m.atatm 


^lalaMmi. 


DnrsajUBaa  tnri 

IK  V  PV>   OTBv*  saa  •  «••  •  naaa»saB*aa««**aass*o« 

atlpareaal 

Tou'  debt  liMlig  Ihlaraat  lasoln 

Dear  aaianM  laiiaaai  la  Ltwrxn.  Moasr— 

NsT7  paiHtai  ffead  at  a  par  caat 

PikBT  oa  wmtou  brr.  tut  caaaso  «>ca  MATvafrr. 
Daar  nauaaa  ao  I: 


tumMAm 


•l,na,4SUM 


4  aad  lani  t*a< 

affc  oih 

•anaacj , 

lafgoUdaporflad. 


Total  4aM  haartag  ao  Iaiaraal. 


Total 

Total  debt  prte^aad  lalanal,  te  data, 

_  at!  ptaiaiilsd  for  paymaut. ..  

AButioi  ra  thb  Tnajucnr— 


Aa 

OMM 


•Ml*- 


a»4IMM 


•48l.0tt.-JI 


t'«,4«.3Si 


aa  piMiMad  » 


bylaw. 


tar  radaaptisa  <rf  etrtiacataa'or'itpoirtt 


Total  .. 

Dabt.  less  aaMMst  la  the 
llatha 


.Oct.    I,  WB.. 
',  Srpt.  1.  Mtw. 


••••••••• 


•■a sao •••••••, 


ofdabttotaelhaMMM 
of  dabtilaaaJantRMn 


•■,a»,iM 

lOMno 
aa8,iti 


tl.0>4 


«aojt4.at4 

MaB,:4tjt« 

to,4to.aao 


Ciai,4*kisr 

""iaiitji 
tait.«w 


Boa4a  laaaaA  ta  the  PaelBe  Katlroad  Coaapaalea,  latareat 
rarahia  In  Lairtal  IHoaejr. 


Character  of  Issoe. 


I    Inierei*t 

Amoant   I    paid  br 

Ontstaad'g.  United  St's 


ta^88^laol  tii.o»7,6in 
«,aos.oao     s.tos,893 

l7.»M,Slt 
i.tno.ono 
i,iTO.9ao 
i,aH,s« 


ll,884.«l 

781,808 

«8«,ns 


Central  Padtc 

Kansas  PadSc 

Union  PtcUc 

Central  Branch.  Union  Paeifle.. 

We»lem  Psciflc 

Sioax  City  and  Pacilic 

Total     tfi4.8»^.51i   $».i3CH,«07    »«.  .90.5H    »g1.«08.a8t 

The  Padfle  Railroad  bond*  are  all  iasned  nnd  r  the  actn  of  July  1. 180,  and 
Jnlr  i,  l-«l;  they  are  raglatered  bonds  in  the  denomlnallons  of  $l.0(><,  »S,(Kit 
and  (10,000;  bear  I  percent  interest  in  cnrtency,  payable  January  1  and  Joly  1, 
and  matar*  to  year*  from  their  date. 


Inteest 
'epiid  by 
tr'nsp't'n. 


t1,164,6n; 

1,489,180 

S,7t9,15U 

41,00^ 

S,at7 

10,141 


Balance  of 
Int.  paid 
by  U.  S. 


(9,801,030 
l.a8l,«lt 

8,ias,i«s 
nia,t.a 

TlS,ni3 

6:a.56i 


Catest  illouetarn  and  (Sainmercial  (Sugltal)  iVcirs 


IAT89  or  KVOHANOB  AT  LONUON,  AND  ON  bONbOH 
A-r  I.ATBST  DATBS. 


BZCBANGB  AT  LONDON— 
8BPTBMBLH  «. 


Aaatardam 
Antwerp... 
Bambara... 

Paris 

Parts 

Vienna 

Berlin 

rrankfort  . 
St.  Petarabart 

OadU 

Uaboa.  .. 

Milan... 

Qenoa..... 

.laoles..,. 

Madrid... 

.lew  York 

Bio  de  Jaaatra 

Bahia ... 

Baaaoa  Ayraa., 
Yalparalae...^ 
^»r  nam  oare ,. 
MuaicTldao... 

Boa  bay 

Oaleatta. 

Boac 

•teschal, 


•hort. 
a  months. 


•hort. 
a  months. 


tOdaia, 

ama^H. 


lt.OXBlt.IH 
ts4iJiaa3.MM 
M.ti  ( itatt 
1S.ITX  nasTj* 
ti.4lM    10.00 

ii.«7ii:  iii.4«i« 
B-at    I  uatt 

».«  I  ;to.at 

St   ,  MH 

nx  i» 

l*%  MM 
tT.40  47.<S 
tl.lO    O'l-tS 

M  ati.ta 


BXOHANGB  OH  LOMOON. 


SapCtl. 


Sapttt. 


Sept.  It. 
ABS.tL 

It. 


Anc.  IB. 


tl. 
•apt.  IS. 
Bapl.  4. 

ASBt. 


short. 

Jboiu 
short. 


short. 


todays. 
«0  days. 


It.OO 
U.it 

to. 04 
■It  tl 

iiiIbo 

tO.Si 

tots 
Si  t1-«t 


tl  81 

t7 

48XJM* 

in' 
u.  lii'ud. 

U.  10  l-l«d. 
4<.  Id. 

4«.0KAOiu.  lif. 
I  WX 


IFrom  oar  own  eorresponient.] 

Lonoon.  Batardar.  Sept.  35,  1H7S. 

There  baa  been  a  moderate  ioqalrj  for  gold  lor  export  to  Qer- 
IIUD7  darlog  the  w»rk,  and  a  few  parcels  hare  been  taken  out  of 
the  bank  to  aaet  the  demand.  A  small  qaantiiy  of  EoKlisb  and 
forelsn  eoia  haa  alao  been  withdrawn  for  traoamisi-ion  to  tbn 
United  Siatas,  and  the  moarj  market  baa,  it>  apofeqaeoue,  aa- 
•aoied  a  SMaawhat  firmer  appearanee.  Owioff  to  the  pr<>para. 
tioaa  wklsh  are  aow  bainir  made  by  the  Oermao  (ioreriiment  for 
oatDplatiag  their  gold  eoioajre arraiiKements  on  the  lat  of  Jaouary 
next.  It  la  aatlcipated  that  there  will, during  the  naxt  few  mootbt, 
be  larir*  parehaaaa  of  goM  la  thla  market.  There  are  aome 
theiafore,  who  belter*  that  the  dlieetora  of  the  bank  will  find  it 
•spodlaat,  or  evea  Dcetasaiy,  to  ralae  their  ratea  of  iotereat, 
thoogb,  oa  tho  other  band.  It  may  tafeljr  be  cooteoded  that  an 
adraaee  to  3  or  4  per  cent,  woald  fail  to  have  any  iafluenca  in 
prwfaottag  the  Qermao  Oovarament  in  proeoriog  the  gold  the/ 
r  qair*  or  are  able  to  parchaaa.  The  mercantile  dnuand  for 
■BBoy  ia  thla  aooatfy  is  oa  to  restricted  a  scale,  an'l  aeenu  likely 
t«  ooatlaas  ao.that  wa  are  able  to  part  with  oooaiderable  auppliee 
of  gold  withoat  being  in  the  tligbtest  degree  embarraaaed. 
Undtr  praaaot  eirctimataoces,  if  we  can  dltpoae  of  oar  importa- 
tioas  to  Oeraiaaj  at  a  profit.  In  order  that  the  goTemment  of 
that  eonatry  eaa  aeeompliab  a  taak  which  ia  a  comipendable  one, 
and  oito  which  it  haa  determined  U>  carry  to  a  aoci-esaral  isAPe,  we 
aiB  piImA  by  the  operation.  Oar  snrplaa  gold  ia  being  pur. 
ehta ed  at  a  price  which  would  not  othrrwiae  be  obtained.  Money 
In  Qermaay  la  jaat  now  about  3  per  eent.  dearer  than  it  la  in  this 
oonotry.  There  woald  natarally  exist,  therefore,  tome  attractive 
piwar,  bat  aa  there  it  no  belief  in  the  permanence  of  the  current 
In  Oermaor.  capital  6Dda  ita  way  to  Berlin  at  a  slow 
The  tame  may  be  aaid  of  the  prevailing  demand  for  the 
United  States.  The  operationa  are  conducted  by  a  few  of  the 
leading  hoos'S,  which  are  in  a  poaitlon  to  make  a  proQt  by  them, 
and  oonseqaebtly  they  do  not  asaame  proportions  which  can  affect 
materially,  or  permanently,  a  market  so  abundantly  tapplied 
with  capiul  aa  onrt  is  at  the  present  time. 

There  has  baaa  leas  moaay  seeking  employment  this  week,  and 
the  rates  of  diaeount  are  decidedly  firmer.  The  open  market 
qoolatioos  are  now  nearly  tqoal  to  those  eorreat  at  the  bank, 
Th«  ratss  are  bow  as  nndar: 


840 


TflE  CHRONICLE. 


[October  9,  1875. 


fercent. 
I 


Bank  rate 

Open-markot  rates ; 

aO»ndeOilaya' biU« tXaiJJ 

S  monihs'  bills i}i^'i 


Percent. 

4  months' bank  btlli t   a»)i 

6  months*  bank  bills 2    ®ii 

i  and  c  monttia'  trade  bills,  i   &i)i 


TUe  rates  of  Interest  allowed  by  the  Joint-slock  banks  and  dis- 
ooant  boiises  for  deposits  remain  as  follows : 

Per  cent- 


Joint-stock  banks. 


1 


Olscoanthoasesatcall ; ,_      '"  j    X"" 

Discount  houses  with 7  days' notice ."  ".' IXra'  ' 

Oisconnt  houses  with  It  days' notice...  _ '.'.'.....'.'.'.'.'.'.'.'.  IX^.'.'.'. 

Annexed  is  a  atatement  sliowing  the  present  position  of  the  Bank 
of  Euftfland,  the  Bank  rate  of  discount,  tlie  price  of  Console, 
the  average  quotation  for  English  wheat,  the  price  of  Middling 
Upland  cotton,  of  No.  40  Mule  yarn  fair  second  qualiij, 
and  the  Bankers'  Clearingr  House  return,  compared  with  the 
four  previous  years  : 


1871. 


187S. 
£ 


1878. 
£ 


1874. 
£ 


1875. 
£ 


Olrculatlon,  including       _ 

bankpostbllls 25,656.617  S6,l~3.Bfi8  !5,736,416  46,4^.489  »8,130.05« 

Pabltcdepoolts 6.1i)3,482  9,410,874  8.072,4BS  5,720,671  6.066,993 

Other  deposits...            82,989.378  20.('5.<,:197  ai.SM.OSl  J3,38ii,025  82  6I7.U4 

Government  securities.  :4.04;l,358  ):).S03,411  I.9,aJ0,U«  13.8.33,«8a  13  655  140 

Other  securities 8J,83T,186  23,990.881  21,785,531     


17,007,036     17.894.987 
11,081,939    13,838,507    12.891,969    I4,788,S(8 


Reserve   of  notes  and 

coin 11,077,613 

Ootn    and  bullion  Ir 

both  deparlmcnts....  81,090,033    21,712,769    23,5.56,767    23,315,961    27,548,023 

Bank-rate 4p.  c.     4x  p.  c.        4  p.  c.         3  p.  c.         2  p.  c. 

Consols....... 95X  92«.  92)tf.  92K.  94X. 

Bnglishwheat 57s.  7d  58s.       648.  7d.       46s.  8d.        483. 7i. 

Mia.  Upland  cotton     ..      9  7-16d.  9Kd.  8;id.     7  15-I6d.  'e  13-16d. 

No.40maleyarnfalr  Id 

quality Is.  5J<-a.     13.  2Jid.     Is.  2>fd.      Is.  OJid.  *lld. 

Clearing  House  return.  79,059,000    94,004,000    84,602.000  10i,188,000    86,835,000 

*  Prices  Sept  16. 

The  rates  of  money  at  the  leading  cities  abroad  are  as  follows  : 


Bank  Open 
rate,  market. 
per  cent,  percent. 


Paris „..  4 

Amsterdam 8 

UamburK 

Berlin 5 

Frankfort 5 

VIennaand Trieste..  .  4>tf 
Madrid,  Cadiz  and  Bar- 
celona   6 

Lisbon  and  Oporto...  4 

St.  Petersburg 5 


2<Si®3 

3 

4K 

4Si 

45i 

4>i 

6@8 

SX 

6 


Bank     Open 
rate,  market 
per  cent,  per  cent. 
W       4X 


Brussels 

Turin,  Florence    and 

-  Rome B  4i( 

Leipzig 5  4^ 

Oenoa 6  4X 

Geneva 4>»  4>J 

New  York 4©6 

Calcutta (i\f      

Copenhagen 6X  5>i 

Constantinople 10  


The  alterations  in  the  Bank  statement  this  week  are  not  im- . 
port  ant.    Tiiere  is  a  decrease  of  £537,719  iu  the  stock  of  bullioD, 
and  of  £355,814  in  the  reserve  of  notes  and  coin.     The  proportion 
of  roserve  to  liabilities,  however,  is  still  as  much  aa  n3  per  cent. 

Over  £700,000  in  gold  and  sovereigns  have  been  imported  from 
Australia  this  week.  The  bar  gold  has  been  sent  to  Germany, 
but  the  sovereigns,  amounting  to  £438,000,  have  been  purchased 
by  the  Bank.  Silver  is  firm,  and  the  supplies  offering  being  only 
moderate,  former  prices  are  fully  supported.  Annexed  are  the 
quotations  for  bullion : 

BOLD.  B.    d.        8.  d. 

BarGoId per  oz.  standard.    77    9X@  ... 

BarGold.flne per  oz.  standard.    77    9>ia  .... 

Bar  Gold,  reflnable per  oz.  standard.    77  IIXS  

Spanish  Doubloons per  oz.      ....    @  .... 

South  American  Doubloons peroz @  ... 

United Sta'.es Gold t!'>"i peroz.    76    8Xa76    4 

SILVER.  s,     d.        B.     d. 

Bar  Silver,  Fine per  oz.  standard.    56  11-16®  .... 

Bar  Silver,  containing  5  (frs.  Gold per  07.  siandard.     57 >i      ®  

Mexican  Dollars peroz.      55X      &  .... 

Spaninb  Dollars  (Carolus) per  oz.  none  here      ....      @  .... 

Five  Franc  Pieces peroz.      ....      ®.... 

In  the  stock  markets,  a  prominent  feature  is  a  better  demand 
for  foreign  stocks.  This  may  have  arisen  out  of  the  fact  that  a 
section  of  the  public  is  getting:  over  the  scare  caused  by  the 
evidence  given  before  the  Committee  on  Foreign  Loans,  and  are 
beginning  to  perceive  that  there  are  some  foreign  stocks  which 
are  now  at  prices  yielding  a  high  rate  of  interest.  All  sound 
securities  are  very  dear,  and  as  the  rate  of  interest  obtained  by 
investments  in  them  is  small,  the  public  are  naturally  desirous  of 
obtaining  more  remunerative  terms ;  hence  foreign  stocks, 
yielding  a  high  rate  of  interest,  which  has  so  far  been  regularly 
paid,  are  in  increased  demand,  more  desire  being  shown  to  accept 
the  risk,  notwithstanding  that  the  future  is  just  as  uncertain  as  it 
was.  It  is,  however,  to  be  borne  in  mind  that  although  Turkish, 
Egyptian  and  Peruvian  stocks  yield  at  present  prices  10  to  12  per 
cent,  interest  per  annum  to  the  investor,  that  rate  is  not  paid  by 
the  repectlve  governments,  as  they  are  only  affected  by  the  prices 
at  which  the  loans  were  contracted.  No  doubt,  those  govern- 
ments have  to  pay  high  prices  for  the  advances  which  are  so 
frequently  necessary  in  order  to  meet  the  dividends  with  punc- 
tuality ;  but  as  money  is  seldom  obtainable  in  Constantinople  or 
Alexandria  under  10  per  cent.,  what  appears  a  high  charge  to  us, 
is  only  an  average  one  to  a  Turk.  United  States,  Russian  and 
Brazilian  government  bonds  have  remained  firm ;  but  British 
railway  shares  have  receded  somewhat  from  the  high  range  of 
T»lueB  lately  attained,     This  was  partly  to  l)e  expected,  as  the 


railway  dividends  have  now  all  been  paid,  and  there  is  not  so 
much  for  speculators  to  work  upon.  Perhaps  foreign  slocks  will 
now  engage  their  attention,  as  many  of  them  are  at  a  low  price, 
and  can  be  bought  without  much  risk  of  a  further  fall.  Railway 
shares  can  be  let  alone  for  a  short  time,  and  until  some  approxi- 
mate estimate  can  be  formed  as  to  the  result  of  the  present  year's 
working. 

Sir  JIdward  Watkln  returned  from  New  York  last  Saturday, 
and  on  Monday  he  issued  the  expected  statement  regarlfng  the 
Erie  railway.  Ills  remarks  have  caused  the  shares  to  decline  in 
value ;  but,  at  the  same  time,  there  is  a  feeling  of  hope  with 
egard  to  the  future  of  Ihe  line,  and  consequently,  while  there 
have  beou  numerous  sales,  which  have  produced  tlie  downward 
movement,  a  large  number  of  influential  buyers  have  come  for- 
ward to  take  stock  off  the  market.  The  quotations  are  just  now 
very  low,  and  hence,  as  there  is,  if  the  management  is  economical 
and  judicious,  a  prospect  for  the  undertaking,  it  is  worth  while 
for  wealthy  individuals  to  lock  up  a  few  of  the  shares  and  bonds. 
Those,  however,  who  do  this,  are  not  at  present  sufficiently 
numerous  to  give  much  support  to  the  market. 

The  importations  of    PrcnoU     -.rlioat     oontimia     lllior.I,     ««d    tto 

trade  is,  iu  consequence,  dull.  Fine  wheat,  however,  is  held  at 
full  prices  ;  but  medium  and  inferior  qualities  are  dull,  and  droop- 
ing in  value.  A  falling  off  iu  our  importations  is  pow  expected, 
the  recent  large  arrivals  being  due  to  the  excitement  which  pre- 
vailed here  in  June  and  July  when  the  weather  was  most  inau- 
spicious, and  when  large  orders  were  sent  out  to  the  United  States 
and  Russia,  as  well  as  to  other  countries.  The  average  price  of 
English  wheat  is  now  48s.  7d.,  against  40s.  8d.  per  quarter  last 
year.  There  has  been  a  heavy  fall  of  rain  this  week.  It  was 
much  wanted,  as  the  soil  was  much  parched,  and  the  work  of 
ploughing  could  not  be  satisfactorily  carried  on. 


187S. 

Wheat cwt.  4.946,453 

Barley .353,153 

Oats 913,054 

Peas 44,365 

Beans nn  881 

Indian  Com 1,437,8,S3 

Flour 393,784 


Wheat cwt. 

Barley 

Oftfco 

Peas 

Beans - 

Indian  Corn 

Flour 


13.070 
2,210 

t},lUJ 
70S 
2,194 
4.546 
1,558 


1874. 
2,958,540 

892,400 

659,256 
6B,T03 

111,876 
1,442,935 

278,865 


25,931 

369 

»74 

2,801 

16i532 
6,547 


1873. 

2,176,!-13 
461,884 
T3S40J 
111,«2 
208,913 

1,652,854 
310,105 


555,525 

8:» 
431 

17,'87i 
20,200 


1872. 
2,931,573 

616.536 

688,049 
68.974 

198.417 
2,066.930 

235;589 


17,436 
757 
1,854 
255 
242 
410 
1,871 


The  quantity  of  wheat  estimated  to  be  afloat  to  the  United 
Kingdom  is  estimated  at  1,395,500  quarters,  against  704,000  quar- 
ters last  year. 

With  regard  to  the  crop  of  hops,  Messrs.  Woolloton  &  Son 
report  that  picking  has  sufficiently  advanced  for  the  opinion  to  be 
confidently  expressed  that  the  growth  of  1875,  iu  England  and 
abroad,  is  the  greatest  production  of  hops  ever  known,  the  increased 
amount  of  land  under  cultivation  being  duly  considered.  As  in  all 
years  of  extra  abundance,  a  proportion  of  the  crop  has  suffered 
from  mould  and  other  misfortunes,  and  is  unsightly  in  color,  and 
therefore,  can  only  be  sold  at  extremely  low  prices.  The  choicest 
hops,  combining  fine  color  and  rich  flavor,  may  not,  therefore,  be 
relatively  so  abundant,  but  even  of  these  qualities  here  and  abroad> 
more  are  grown  than  can  be  used  within  the  season,  and  no  appre- 
hension need  be  felt  of  ditiiculty  in  procuring  them.  Consumers 
at  present  show  little  disposition  to  purchase  beyond  immediate 
necessities,  since  they  expect  a  time  must  come  when  the  value  of 
hops  will  fa)l  so  low  that  extensive  purchases  will  seem  beyond 
the  poBSibility  of  hazardous  venture.  The  American  growth  is 
greater  and  finer  than  for  many  years.  Belgium,  botli  in  Alost 
and  Poperinghe,  produces  the  largest  and  choicest  crop  known- 
Germany  is  also  highly  favored,  and  so  are  the  districts  of  Alsace 
and  Lorraine.  None  of  these  places  have  any  other  outlet  for 
their  considerable  surplus  than  the  English  market,  and  from  each 
country  very  large  shipments  must  arrive,  especially  if  the  latest 
picked  home  produce  should  prove  to  be  as  seriously  damaged  a^ 
some  persons  allege. 

The  trade  of  the  country  has  remained  quiet,  although  in  a  few 
branches,  chiefly  in  those  of  iron  and  wool,  a  slight  improvement 
is  reported.  Business,  however,  is,  taken  as  a  whole,  still  conduct, 
ed  with  much  caution,  and  very  little  speculation  is  apparent. 


Busllsh  narKet  Reports— Per  Cable. 

Tiiednily^losingquotationsinthe  marketsof  London  and  Liver- 
pool for  the  past  week  have  been  reported  by  cable,  aa  shown  in 
the  following  summary. 


October  9,  1876.] 


THE   CHTtONICLK 


341 


London  MoMtg  a$ui  Stock  jr«rA«<.— American  aecarliies   are 
■lighllj  lower  thui  ■  week  ago  to-d<r. 

The  ballioa  ia  the  Bank  ol  EDglaad  baa  deereaaed  £1,053,000 
dnriog  the  week.    The  bank  rate  haa  been  fixed  at  H  p.  c. 
Moo.       Toe* 


Wed. 
M  1-lS 


Tbar.        Frt. 
n  1V:«  94  15-1^ 

*«  1-16  n  1&-16 

107  V       mi 
iMfi      loiS 

lOili         IMK 


OaoMUformoner 93  IS-M  M  1-S6    91  l-l« 

*•      tecoact.....  M  M  S'lA    94  3-I« 

V.S.««<»-IO«,>IM&,old.lO«)<        lOSli        !(».>< 

"  1867 10!  j<        107V        lOTH 

0.  8. 10-tOl 10«K       lOtX        IMX 

Hewta lam       UMX       IMX 

Tbi    qaotttiou    (or    Oalted   SUtea  new   firea  at   Franklort 
ware: 

U.8.BewiT«» 9!>\'        91V  

UMrp»ot  OtU»n  Karkit.—Sve  apeeial  report  of  eottoa. 

Liverpool  Brtadttujf*    Market.— BmAaiattt  are  quoted  at   • 

alight  advance  on  laat  Frida;'a  prices. 

Hon.  Taee.  Wed.      Thar.       Frt- 

i.    d.  ••   d.  e.  d.       •-  d.       •.  d- 

110  M    a  ••    e 

8    9  8  10  8  10 

10  0  in    1  Ml 

11  4  US  11  S 
»  9  t)  6  »  6 
41     a  41    0  41    • 


PrevlOBily  reported 63,073,917 

Total  since  Janoarr  1. 187S $08,444,417 

Same  time  u—  I    Baaie  tuna  la— 

1874 |«.8S«.li8;  1 1889 tJ«.9i3,036 

1873 4J.S77.8S9  1888 6«,«8«,637 

in» 60.0r«.a»  I  1367 4«.449,S13 

1871 &6,aoe,i29  J 1866 5S,!HB,883 

1870. 60,03M46l 

Theltnporta  of  apecie  at  lUla  port  daring  the  pait  week  have 
been  aai  olio  wa: 

Sept.  n— Str.  Acapaico AspInwaU, Silver  coin $.3,6i 

Ooldcnin 18,S6 

Goldbnlllon 1,13 

Sept.  »-Str.  ScTtUt Urerpool Gold  coin »4V« 

OcuS-Str.  CIt;  of  Von  Cruz... Havana .Ooldcoin 871,41 


waeat 


Sat. 
d. 

(Bed Winter)....    "    10  • 

"    JCaL  White  clab)  "    11  4 

Oora(w.  mixed)  ■  qnarter  ts  • 

Peaa(Caaadlaa) . .  V  o  Barter  4 1  0 


near  <  Weatem) 9bbl  14 

at\ite«'Wo.  .|»o.»«u    "" 


Thar, 
e.  d. 
M  • 
8  10 
M  1 
II  5 
»  < 
41    0 


ToUl  for  the  week $m:,764 

PravtonalT  reported 9,01«fl45 


,18rj5. $3,544,809 

I     Same  time  In— 


>4JS7.6«BrimO $8,889,754 

.  a,4«4.4«  I  U8> U,5«5.4t» 

.  4.874.0WIJW V*"'!!* 

.  SJ»S6,415 1  1887 »,«14.»84 


Littrpool 
higher. 


Provitioiu   Market.— Prize*   in    this    market   rale 


Total  Binco  /an.  1 
■aae  ttmeltt — 
IS74 

IpiS.   '•    ■   ■•,•••.■•••< 

l9l>.  ...  *•••••       •■••••< 

isn 

Carolina  Crop. — ^Meeara.  Dan  Talmage'a  Sona  &  Co.,  the  well- 
koown  rice  mercbanta,  have  juat  iaaaed  their  rnmial  review  of 
the  crop  of  1S74-75,  from  which  we  take  the  foUowiat;  : 

"  We  give  below  the  yielda  in  tierces  of  the  years  '71,  73,  '73, 
'74  and  '75  (the  laat  estimated): 


B«ar(aass)  new  Vice 

FMk  (meee)  aew  •  bb! . . . 
Bteaa  lleng  d.  lald.)*  ewl 
Uu*  (iaericaa)  ... 
OMasafAiaat'B  tae)    ■* 


Sat. 

a.  d. 
*>  0 
7-  ( 
U  « 
w  • 
M    0 


Hon. 
».  d. 
<0  0 
80  0 
5%  0 
«l  0 
M    0 


Taaa. 
a.  d. 

m  0 
n  0 

86    0 

n  0 

54    0 


Wed. 
a.   d. 

10    0 
»   0 

a  0 


Thar, 
a.  d. 
••  0 
a*  0 

»  a 

•1  • 

95    * 


Tri. 
(.  4. 

80    0 
80    0 

55  0 
(I     0 

56  0 


Liwtrpooi  Produt4  iTerikaC.— Refined  petroleam  haa  loat  ^. 
while  ullow  has  gained  la.  daring  the  week. 

M' 
a  d. 
I)...  Vewt 


II 

(P«l«) 

PMlsiia«.a«raaB*d). 

iaytftut.. 

IWDowlAasrIcaa). 


I  (Am.  red), 
•pirit*  tarpaBtlne.... 


a  d. 
5   0 

16  0 
...»«!  10 
...     "  WM 

.«  ewl.  47    4 


SI 


d. 
5  0 
16    0 

10 

i«W 
47    6 
87    0 

n  0 


Taes. 

a.  i. 

S    0 

U   0 

M 

n  0 
»  0 


We4. 
a.  i. 
i   0 

16    0 
10 

m  0 
*t  0 

«    0 


^ar. 

a.  d. 

5  0 

16  e 

4S  3 

ST  0 

t*  0 


a.d. 

»    0 
16    6 

*H 

to.v 

M    « 


London  ProdHtt  aiid  Oil  MarktU. — Lieaeed  cake  aad  linaecd 
oil  are  higher  than  on  Friday  laat,  white  Calcatu  llnaeed  haa 
fallen  of!  fid.    Other  prlcea  ancbaoginl. 


North  CaroUaa... 

is;i. 

..tea.     5M> 
41,841 

1871 

aoir 

47.UB 
19,8:4 

1873. 

7» 

43.087 

«.70» 

1871.        187J.(Klt) 

800  (Bat.) 
47,M8               50,000 

OeorxU 

Sl.WJ 

i:.b71               S8.000 

Tout.. 


.54,501 


67,519 


69,539 


73,000 


•at.        Moo. 
S   •   d.  £   •.  d. 
I'de'kalobD.VttlO    5   010    5    0 
l(OaieaUa)....      48   0       88    0 
■a«ar(Na.ll  D'eh  itd) 

oeapot,fcvt 11   6        »    6 

Bteraoll  ....•UD.9I    0   0    84    0    0  91 

Whalaoil >■   84    «   •   84    •   Oil 

lan....Vewt.     MS       $1   • 


Teas. 
tut. 

10    8    • 
«8    • 


88  8 

0  6 

•  • 

•4  • 


Wed. 

M  :  i. 

18  IS    0 

4S    • 


n 

81    8 
81    0 

•4 


Tkar. 
J   e.  d. 

10  15    0 
48    • 

81  8 

•4    0  0 

SI    8  8 

>t  8 


Fri. 
«   *.   d. 
10  IS    6 
4S    0 


n 

»4    0 

M    0 

86 


(Jommcrfittl  niib  illisccUancous  Xcujb. 


iMFOBM  AMD  EXPOMT*  FOB  TBB  Wbbk.— The  imporu  tbia 
week  show  a  deereaae  In  t>oth  dry  goods  and  seofnO  mer- 
ebaodiae.  The  total  Importa  amount  to  $4,983,203  thia  week 
acalaat  |«,WS,24»  laat  week,  aad  |.V7i;2.4<M  the  pr»vio.ia  week. 
The  esporu  are  $■'$337,610  tbia  week,  airaiaat  ft.lOO.'294  laat 
week  aad  94,<20*:U  tho  prevloaa  week.  Tba  axporta  of  eottoa 
the  past  week  were  l:!..'>n>)  bales,  agaiaat  7,740  balea  laat  week. 
The  tollowlDK are  tlie  imports  at  New  York  lor  week  oadin*  (for 
dry  goods)  Sept.  30,  and  lor  the  week  eadtag  (lor  general  ai«r. 
ehandiae)  Oct.  1: 


roaaisa  ODoars  av  aaw  voac  roa  m  waaa. 


_  1878.  I87S. 

Dry  toMs.. ts.8n.740      $*.i«uwr 

Osaarai  aMrehaBdlss...       ^7l8blBl         Mtl,U0 

Total  for  tae  weak.. 
Frsvtoaaly  reportad 


Maes  Jan.  I. 


«848.n«.7»)     $]I5,»;6,I88 


int. 

•l.W7Jt8 
4.4S8JS8 

t6J«a,46S 

m,M«,»T 


I818l 
•8.8«*.«tT 

8.M«.SU 


67,714 

Of  the  crop  ol  187.'J-76  they  aay  :  "  The  tarn-out  of  the  new  crop 
is  now  the  aubject  of  inuch'specalatioo.  The  afritragate  of  eatl- 
matea  from  the  varioas  sections,  which  have  been  carefully 
gathered,  warrant  un  in  predicting  that  the  yield  of  the  coast 
tilaua  will  ^«  fully  T3,U00  tierces,  being  an  exceas  ol  about  five 
per  cent  over  laat  year.  All  aceounta  airree  that  the  aeaaon  ha 
been  one  favorable  to  the  production  of  a  fine  quality,  and  we  an 
ticipale  that,  in  this  reapeet,  the  crop  will  averaire  a  mach  liigbe 
grade  than  for  s<>veral  years  paat.  The  acreage  under  cuitivation  di 
aol  materially  vary  from  that  of  pravioua  years  ;  this  fact,  how 
ever,  doea  not  necessarily  limit  the  production  to  that  previouBl 
made,  as  year  by  year  the  plaatationa  are  being  brou(rhl  up  to 
higher  alandard,  and  are  capable,  under  moat  (avoralile  circum 
ataaeea  of  condition  and  aeaaon,  of  prodaeing  nearly  double  thei 
pnaeat  growth." 

A  DiOBar  OF  RailVat  Detisioas,  comprising  all  reported 
American  eases  In  which  a  railway  company  is  a  party,  and  all 
other  cases  in  which  railway  law  ia  determined,  l>y  John  F. 
Laeey.  of  the  Iowa  Bar.  Chicago :  Callaghan  tt  Co.  1875.  We 
have  been  favored  by  the  publlahera  with  a  copy  of  the  above 
volume,  wkoee  title  ia  anfficiently  attractive  aa  a  law  work  to 
make  it  esee<«lin(;ly  interratlog  to  a  large  number  of  the  readers 
of  the  t'nKOKlcLK.  It  can  hardly  Im  expected  t^at  one  not  in  the 
Irfral  prof'-aaion  should  Im  able  to  pronounce  upon  a  volume  of 
this  coaracter.  which  is  essentially  a  work  of  reference,  wilhoata 
eoationed  use  of  it  for  aome  years.  Bat  aa  the  work  la  what  the 
aama  imports,  a  digeat  of  all  railroad  deciaions  rather  than  a 
treatlae  on  railroad  law,  the  author  will  certainly  place  the 
public,  and  lawyera  in  particular,  under  an  obligation  to  him,  for 
brlaging  tovelher,  in  a  aingle  volume,  tlie  numeroua  decialooa  of 
State  and  U.  8.  C'uurta  upon  thia  important  branch  of  law. 

— Mr.  W.  P.  Blicarman,  Tieasorer  of  the  Erie  Railway  Com 
paoy,  Rivra  notice  in  oar  to-day'a  paper  that  he  will  pay  tlie 
Inta'rcat  coupooa  ot  the  BaflUo  Bradford  &  I'itlslmrgli  Railroad 
Company,  and  of  the  Patcrson  k  Newark  Railroad  Company,  due 
Jaly  1,  11(73,  upon  presentation  to  liim  at  his  olflce  in  the  Erie 
building,  foot  of  Keade  atreet. 

—  Charles  A.  Sareet  A  Co.,  of  Boston,  were  the  saoc  a  iful  bidders 
for  the  Hpriofffield  additional  6  per  cent  water  loan,  taking  the 
whole  150,000  at  104  27. 


84,883.881 
887,811.480 


$ia8;AII^    $861,8»,88* 

In  ovr  rsport  of  the  dry  gooda  trade  will  be  found  the  Importaef 
dry  goodalor  one  week  later. 

^he followingiaaatatement  of  the  esportafeseloslveol  specie) 
tromihe  port  of  Mew  York  to  foreign  ports, for  the  week  ending 


from 
October  5 


BllHiHI!  illD  FLIilNCIAL. 


I KADB,  only  on  Cotton  la  Store  aad  Approved  Stock  Bzehaaca 

UTlk.  WATKB8  *  00. 


BAHAOAD  BOaOt.— WhsMsr  roa  wish  to  BTTT  or  SBI.U  write  to 

BAMLXB  *  CO..  »o.  '.  Wall  *treet  N.  T. 


For  the 
Pcavloasl;  reportad. 


asroais  raoa  saw  voas  loa  m  waax. 
1871.                 1878.                 18174. 
«4.7lt.rw        fa,*78.l80        $«.Mt8l8 
tlMI 


I8a,»46,886 


llM88kta8 


tn,«i,tit 

SlaeaJaa.I tni.SSS^Sa    $SSUta,188     ttU,«a,7a     r»l3<7.115 

The  following  will  ahow  the  ezporta  of  apeele  froB  the  port  of 
New  York  lor  the  week  ending  Oct.  2,  1875.  and  since  the 
beginning  of  the  year,  with  a  comparison  for  the  corresponding 


date  in  prevloua  vean: 

!*»t>L  .TO— air.  8n. 
Sppl.  3.>— -.thr   >l 

(V!     1      *,,     \;„\.  : 

4  Emma  ii^nn     . 

CiirnrBaftia. 

.    .NKkar 

"'I  • — 3ir.  Adriatic 


;;(4d  cula.  .. 

-  hers 

■bare....     .  ., 

.Lnwj^gol Meilcaa  stiver  coin. 


tim.O  0 
50.0  0 
tt.VQ 
lA.O  0 
80  400 
40.0  0 
M.BfO 


TMai  ler  lbs  weak. 


$370,500 


TXZA8  8TATK  BONDH. 

Boaalon  and  Texa*  Ceatral  BR.  First  Kortoago  7  per  cent  Gold  Bonds, 

t«.  11.  A  II.  Kirtt  Mortnae  7  p?r  cent  Gold  Band«, 

Texas  L&nds  and  Land  Scrip,  for  vale  bv 

WILLIAM  BRADT,  13  William  it.,  N.  Y. 


STOCKS 
DfsH  la  at  the  New  York  Block  Kxcbaage  boogbt  aad  soil  by  as  on  margin  of 
Ave  per  cent.  __.  ___ 

PRTvasora 

!Te«otUted  at  one  to  two  per  cent  from  market  on  member*  of  the  New  York 
Bxchantcp  or  rei>pon>lble  partlra.    Large  anma  have  been  isallaed  the  past  80 
dan.    Pot  or  call  cosla  on  100  shares 
'  8108  IB 

Straddle*  $180  each,  control  MO  iliaras  ot  stock  tot  80  diT"  withont  farther 
risk,  wbllemaojr  tbouund  dollar*  praStmvv  be  gained.  ArtTlreand  Inrurma- 
Uon  famoliad.  r*mphtet,  eontalntng  valuable  atattpttcal  Information  and 
•howlng  how  Wall  ttiset  op«r*tlonii  are  condnctcd  sent 

FRKB 
To  any  addraaa.    Order*  solicited  by  msU  or  wire  and  promptly  execntsd 
OS.   Addcass, 

TUVBIUDaB  *  CO.,  Banker*  and  Broken, 

Mo.  1  Wall  street  N.  T 


342 


THE   CHRONlCLPl 


[October  9,  1875. 


€l)t    bankers'    ®a^«tte. 

NATIOVIL  BINKS  oaa&NIZBD. 

The  XTnited  States  Comptroller  of  the  Currency  (arniahes  the 
followiaof  statemeot  of  Xatioaal  Banks  orgraniz'td  the  paat  week  . 

3,309— First  National  Bank  I't  Bell<'Viie,  Olilo  Authorized  rapiul.  (SO.OflO; 
paid-in  capital,  t^-OOO.  J.  S.  Worthrnxton,  President;  Edwin  H. 
Brown,  Cashier.    Authorized  to  commence  business  Sept.  30,  l!i7S. 

OIVIOBNDH. 

Tdo  rnllowlnE  Dividends  hare  recantlr  been  announced  : 


CoxPAin. 

PSB 
ClUT. 

Wbkk     hooks  Olosid. 
P'abui.  (Days  irclusive.) 

Railroads. 

Nashville  Chattanooga  *  St.  LouU 

Haiiiis. 

Murray  Hill 

Insmaucr. 
North  River 

6 

Oct.    11            

Oct.     1            

Oct.    n  Oct  6  to  Oct.  10 

Fbidat,  October  8.  1875—6  P.  M. 
The    money  market   aud  Fluanclal   situation. — The 

more  palient  features  of  the  past  week  have  been  the  depression  in 
railroad  and  niiscellaneous  stocks,  led  b;  the  break  in  a  few  spec- 
ialties ;  a  pretty  general  improvement  in  trade  prospects,  inciud 
inft  the  successful  resumption  of  the  Bank  ot  California ;  and  the 
continued  scarcity  of  gold  here,  with  the  consequent  depression  in 
rates  for  foreign  exchange.  Tlie  accounts  o(  mercantile  business 
in  this  city,  and  still  more  at  Chicago  and  some  other  Western 
points,  indicate  a  decided  improvement  in  the  volume  ot  trade 
movements. 

The  Bank  of  Calirornia  resumed  business  under  most  favorable 
auspices  on  the  2d  inst.,  and  in  San  Franci»>co  there  appears  to  be 
a  complete  restoration  of  conlidence.  Mr.  D.  O.  Mills  lias  been 
elected  President  of  the  Bank,  and  not  Mr.  William  Sharon,  as 
we  accidentally  stated  last  week — the  latter  gentleman  being  the 
President  of  the  Syndicate  under  whose  operation  the  bank  has 
been  enabled  to  resume  busiuees. 

Our  local  money  market  shows  a  slight  tendency  towards  hard- 
ening rates,  and  call  loans  to  day  were  quoted  from  2i  to  4  per 
cent.     Prime  commercial  paper  is  5i  to  7  per  cent. 

On  Thursday  the  Bank  of  England  reported  a  decrease  of  £1,- 
053,000  in  bullion,  and  advanced  its  minimum  discount  rate  to  2^ 
per  cent,  from  2,  the  previous  figure. 

We  have  received  from  Mr.  Knox,  Comptroller  of  the  Currency, 
the  following  statement  showing  the  amount  of  legal  tender 
notes  deposited  since  the  passage  of  the  Act  of  June  20,  1874,  to 
Sept.  30,  1875.  and  the  number  of  banks  organized  since  the  pas- 
sage of  the  Act  of  Jan.  14, 1875,  by  States,  together  with  their 
capital  and  circulation  and  the  amount  of  additional  circulation 
issued  to  banks  organized  previous  to  that  time.  Additional  legal 
tender  notes,  amounting  to  $1,303,750,  have  been  deposited 
during  the  present  month  for  the  purpose  of  retiring  circulation: 
Banks  organized  since  Jan.  Legal  T'nd'rs  deposit'd  from 
14,  lb75.  June  20,  '74,  to  Sept.  30,'75. 

State.  No.      Capital.       Circulation.    Act  June  20, '74.         Total. 

Maine 6        $623,000  $i56,500  $ $41,400 

New  Hampshire  .      a  800  000  iW.OOO  S7,4f0 


4 
13 


650,000 
2,480,000 

m',im 
•vicono 

400,000 
.$,115,000 


7«,000 
618,500 

31,666 
821,800 
237,000 
90/,6C>0 


74,C00 


a7,000 


Vermont  ... 
Mat^sachnsetts, 

Rhode  Inland 

Connecticut 1 

New  York 7 

New  Jersey 4 

Pennsylvania 28 

Maiyland        

Dist.  of  Columbia    . . 

Virginia 1 

West  Virginia 

North  Carolina 

youth  Carulina 

Georgia 

Louii«iana 

Texas 

Arkansna 

Kentucky 2 

Teunestee        1 

Missouri 1 

Ohio S 

Indiana 2 

Illiiioia 4 

Michigan 

Wlsconeln 

luwa 8 

Minnesota 1 

Eans  s 

Nebraska 

Colorado 1 

Uiah 

Montana 


Total     83     $9,234,000        $3,023,730 

Addl  I  ional  clrculatioii  Issued  since  Jan. 
14  to  banks  organized  prior  to  that 
date 7,194,846 


200,0(0 
50.  too 
60,000 
210,000 
16.1.000 
200,000 


150  000 
100.000 


68.600 
45.000 
S7,0u0 
97.:t80 
63.900 
81,000 


58.600 
36,000 


50,000 


606,010 
153,900 
381,700 
7,786,(>50 
329.840 
312.700 
370,000 

m,m 

180,000 

27!),9«0 

618.580 

526,000 

443.250 

112,440 
90,11110 

471,600 

360,559 
8,8411.350 

172.9.50 
],694,('5fl 
3,703.600  4,ni..W0 

610,300       667,300 

620.400       910.200 

!«3.S60  1,140,138 

693,050  708,050 

103,500  501,071 

40,480  40,480 

....  60.HSS 

196,800  270.(100 

27,000  27.000 


60,.TiiO 
701,400 
iri3,900 
891,760 

8,243.795 
35J,!Klfl 
6l'5,107 
436  601 
249.219 

l,0;j7.379 
826,90n 
279,900 
616  580 
495,000 

1,016,312 
112.410 
90,000 
471,500 
508,','t.O 

3t>1.7.50 
2,166.0:« 


$26,042,749       *$30,699,238 


ToUl  currency  banks $10,818,676 

•The  last  column  of  totals  includes  deposits  of  insolvent  and  liquidating 
banks. 

The  last  weekly  statement  of  the  New  York  City  Clearing 
House  Banks,  issued  Oct.  2,  showed  a  decrease  of  |392,650  in 
the  excess  above  their  25  per  cent,  legal  reserve,  the  whole  ot 
Buch  excess  being  ^14,731,250,  against  $14,338,000,  the  previous 
week.  * 

The  following  table  shows  the  changes  froiii  the  previous  week 
and  a  comparison  with  1874  and  1S73 : 


Onlted  atatea  Bonda. — Qovernment  securities  have  shown  a 
fair  amount  of  business,  though  there  has  been  no  special  feature 
in  the  transactions  wurtby  of  particular  notice.  The  purchasers 
include  quite  a  number  of  conservaMve  private  investors  for 
moderate  amounts  of  bonds.  Some  of  the  corporations  are  hold- 
ing off  for  the  present,  under  the  impression  that  bonds  may  pos- 
sibly be  obtained  iower  after  the  Ohio  and  Pennsylvania  elections 

Closing  prices  d&tlr  have  been  as  follows  : 

.   .      Oct.     Oct.     Oct.     Oct.     Oct.     Oct 
Int.  period.       g         4.  B.  6         7  8 

6»,1881 reg. . Jan.  &  July.    121)f    121«    laiji  •121V    121J<    isiv 

68,1881 coup..Jan.&  July. 'IS-IH '^SlJi     123;^    1J3X  *'»Hx     li'SX 

68,  6-«0'»,  1864 reg..M«y  &Nov.  *114:i4 'IHii  •115     'US     •MB       llsw 

Bs,  5-20'8, 18<)4 coup. . May  &  Nov.  •119X    IWi    lli'X  •l19Ji  •119H    Iigji 

6s,  6-80'a,  1866 reg.  May  A  Nov.  •llO     •1163<  •116X  •116>,    IMjJ  •11«K 

68,  5-20' s,  1865 coup.. May  &  Nov.    1W%  •IIH'J     imx  •llH'i  •lIBJi  •!19!tf 

6s,  5  20'B,  1865,  n.  1.,  reg..Jan.  &  July       ....  " ' " ' 

68.S.20'8.1865  n.i.,conp..  Jan.  &  July.  •119 

68.6-20's,  IS67 reg..  Jan.  &  July.  •|20H 

Bs,6-20's,  1867....  coup.. Jan.  &  July.    120^ 

68,  B-ao'a,  1868 rer..Jan.  &  July.  »i2li< 

t8,6-a0'a,  1868 coup  .Jan.  ^fc  July.  •121)^ 

Bs,10  40'8 reg.  Mar.  A  Sept.    116X 

5s,  10-40'a coup.. Mar.  A  Sept. 'inx 

..Quarterly.    l!8>< 


68,  funded,  1881 reg 

hn,  riinded.  1881,  ..coup 
t8,CnircnCT ro«. 


.Quarterly.  •litX 
.Ian.AJuly.*124>i 


'119X  »1I9!< 

I20Ji  'ISOK 
120J4    121 
121 H  •1J1!< 
12I)i  •12H( 

•i:6x  *m%  1 6x 

117«  •117X    117X 

•116    •im     ii8)i 

118K  •1183<^118 
Ut}i  •124X  •124)f 


1I9X     llfl«  119>i 

119),-    ll»K  119J< 

Mi'X  'UOfi  ISOJi 

180J4     12)4-  •.20« 

laix  *wx  'insi 

MIX    121 W     121V 
116X  '{UH 

117X  •inji 

118  117V 
118  118),' 
12 IX  *iii)i 


•  This  is  the  price  bid  :  no  tale  was  made  at  the  Board. 
The  range  in  prices  since  Jan.  1,  and  tlie  amount  of  each  class 
of  bon(ls  ouiMianding  Oct.  1,  1875,  were  as  follows: 

, — Range  since  Jan.  1. — .  , — Amount  Oct  1. — 
Lowesi.          Highest      Registered.     Coupon. 

122J4  May  26 $193,372,850         $ 

136MJuiiel7  89.363,600 

llSXApr.  13  66.650      24.8.)(i,660 

121      Apr.  27      26.274.000      3i..i(i2 .160 

122V  June  18      33.844.950  118.6-9.4  0 

la4VJnnel7      58.436.8<  0  144.2v6  3i:0 

ri6XJune25      88.913,1 60  221.709  710 

liSH  June  18      ;4.555,lll:0  22,919,0(,0 
118X  June  18    141,619,950  .... 

1I«V  Aug.  2-1  52.916  350 

119     June '28    209.871900  228,081,560 

124KApr.  24      64,628.512  


.  118     Jan. 

.  i:8V  Jan. 

114V  Jan, 

,  116V  Aug 


68,1881 reg. 

Sb,1881 coup. 

6s,6-20'8, 1862 coup 

68,5-20'b,  1364 coup. 

68,  5-20' 8,  la's coup..  117X  Juiy  24 

88,5-20'8, 1865,  new,coup..  117V  Jan.     8 

6s,  5-20'8,  1867 coup.  ' 

«8,6-20'e,  1868 coup. 

5s,10-40'8 reg. 

58,10-40*8 conp. 

58,  funded,  1881..  ..coup. 
68,  Currency reg. 


.  118V  Jan. 

118    Jan. 

11.3>#Mch. 
.  lI3VMch. 
.  113V  Jan. 
.  mV  Jan. 


State  and  Railroad  Bonds.— There  have  been  few  trans- 
actions in  State  bonds,  other  than  Mini>i)uris  and  Tennessees. 
There  is  nothing  new  from  the  Southern  Stales  of  particular  im- 
portance— the  Constitutional  Convention  in  North  Carolina  de- 
clined to  repudiate  the  special  tax  bonds  by  a  majority  of  three 
votes.  In  Louisiana  the  State  Board  of  Liquidation  met  recently 
and  funded  $928,370  more  of  the  old  bonds.  In  the  New  Orleans 
city  premium  fund  bond  scheme,  it  is  reported  that  $4,265  182  of 
bonds  have  been  presented  and  exchanii.sd  for  the  new  issues. 
Old  Tennessees  have  sold  at  52,  and  to-d.y  at  61. 

Railroad  bonds  have  shown  aomn  activity,  ami  genernlly  at 
lower  prices,  in  sympathy  with  the  lower  frices  of  stocks.  It  is 
often  the  case  that  many  of  the  popular  i-sues  ot  bonds  are  car- 
ried to  a  considerable  extent  on  speculative  account  on  small 
margins,  and  a  depression  of  2  or  3  per  cent  has  the  effect  of  shak- 
ing out  the  weak  holders.  If  it  can  be  assumed  that  the  present 
decline  in  the  general  list  of  stocks  is  speculative  and  without 
regard  to  any  change  in  their  actual  valun,  it  would  appear  that 
several  of  the  leading  bonds  are  cheap  at  present  figures, 
Chicago  and  Northwestern  consolidatei  gold  co-ipon  bonda  have 
sold  at  85i,  Union  Pacific  sinking  funds  at  88},  and  Central  Pa- 
cific land  grants  at  93^. 

Daily  closins  prices  of  a  few  leading  bonds,  and  the  range 
since  Jan.  1,  have  been  as  follows: 
Oct. 


Oct,    Oct.     Oct.    Oct.    Oct. 

a  4  5.  6,  7. 

6»Tenn.,  news...    •49X    'iaX    "49      "■•i'V   *" 

UN. Car., old....    '19      -17        "19 

•sN.  Car., new...    '10       '10       '10       "10        'SV 
«8  Vlrg.,  consolld    'CSV    'OSX    -esx    *es       '69 

do  SdBerles.  60  N9V  '49ii  '«  '*^'< 
888.0. ,J.*J...  •••'8  "iS  •«  •««  'm 
68  Mo.  long  bonds  -101 V  '102  'lOlV  •102X  nOlJi 
N.T.  C.&H.  lJt78'116  "IIS  'lie  '117 
C.Pac.,gold68...  :0;v  1"6K  lOT^  107V  107V 
(In  Pac;,  I8t68...  I01)<  101  101  101  lOiV 
do      L'dOr'178    •W'K  ..      99V      93H    'S'Sf 

do        S.F.88..      91V      91V      SIX      8U      88X 

Erlel8tM.7B -lOlH 'lOix 'lOm  *105     'iUlV 

N.J.Cen.lst  78.. 'IIIV 'lli     'IlIX    112       112 
Ft  Wayne  Istls.     11!V  "tl3V  MJSV  •i;3s  •  13V 
Roc<r.l'tl8t78...M09     -109      -ma    109      M-9 
C.4N.W.B0ld78      87V      87V      S!H      87         87 


Oct. 


•17.1< 
•8 

•m 

•49 
•28X 

i07!< 
93-i« 


'lltX 
109 

s.v 


Lowest. 
41  Jan.  27 
20  Mf.h.  2" 
11  June  12 
S5V  Jun.  26 
36  Mch.2< 
S9S  Seiit.  28 
M$i  Jan.  14 

lUV  Jan. 
9  if,  Ian 
90  Jail. 
90  Jan. 
8iiX  Jan, 

10 '     May 

l'»7V  FeB. 

1U6V  Jan. 

Ills  Jan. 
79     June  15 


UIgbeat. 
S'^v  Jan.  5 
29  Jan.  lb 
16  Jan.  7 
(HH  Apr.  S 
5U  Oct.  2 
3J  Jan.  2i 
:U3V  June2i 
12!  Sep'.  10 
IU7V  ■-  pt.30 
lilHH  June  30 
102K  Sept,  I'D 
r.H  Aug,  25 
10.),  May  » 
115  Ai>r.  0 
114  June  85 
IIIV  June  C 
8dK  Aug.    4 


-1876.- 
Oct.  2. 


1874. 
Oct.  8, 


Sept.  35.  Oct.  2.       Differences. 

IioanaanadlB.  $281,616,300  $273,841,300  Dec.  $2,774,900  $281,277,000 

Specie 7.269,2i0       6,448,900  Dec       820.300      18,374,200 

Olrcnlation....      17.934,800      17.925.800  Dec  8,600      25.419.600 

Net  deposits..    239,439,400    234,403,600  Dec.    6,035.800    136,925.900 
Leraltaiuiera.     67.821.900     66.490,600  Dae.      831,300     63,966,100 


1878. 


•  This  iB  the  price  bid,  no  «al«w»B  msdeatcne  Board. 

Railroad  and  iniacellaneoa*  Stocua. — The  stopk  market 
has  shown  extraordinary  fluctuations,  and  for  the  past  two  days  a 
general  depression.  There  has  seldom  been  a  time  when  the 
movements  of  the  market  were  more  erratic,  or  less  patisfactorily 
accounted  for.  The  decline  was  led  off  last  week  by  a  break  in 
Missouri  Pacific  and  Union  Pacific,  (the  two  being  entirely  sepa- 
rate and  disconnected  in  interests,)  and  iu  addition  to  the  con- 
tinued weakness  in  those  stocks  there  has  been  a  sharp  decline 
in  Central  of  New  Jersey,  which  has  been  ranked  as  a  regular  ten 
per  cent  dividend  stock.  Thii  rest  of  the  market  was  remaikably 
steady  for  several  days,  but  under  considerable  hammering  tlxere 
has  recently  been  a  general  giving  way  of  i  to  H  per  cent, 
throughout  the  active  list.  There  has  been  no  information  of  a 
definite  character  to  account  for  the  break  in  the  special  stocks 
above  referred  to,  and  in  the  absence  of  facts  we  may  refer  to  the 
rumors  and  theories  'if  the  "street,"  which  for  the  time  being  take 
the  place  of  facts.  In  regard  to  Pacific  of  Missouri, it  is  supposed 
that  the  Atlantic  &  Pacific  Kailroad,  the  le.ssees,  are  embarrassed, 
and  will  be  unable  to  continue  the  paymen',  of  interest  on  its 
ptock,  and  in  case  of  the  surrender  of  the  lease,  the  value  of  the 
Pacific  of  Missouri  property,  it  is  supposed,  will  be  encumbered 
with  a  large  debt  created  during  the  lease.  As  to  Union  Pacific, 
Mr.  Jay  Gould  has  gone  out  to  inspect  the  property,  and  it  is  sup- 
posed that  a  few  ealee  by  Boston  parties  are  sufficient  to  knock  off 


P  October  9,  1875.] 


THE  CHRONIOTiR 


34S 


lUU.      mon. 


MlM.   Wab. 


the  price.  As  to  Ceotnl  of  New  JerMf.  the  more  common  idea 
is  that  the  company  bas  tx^n  iDcreaaiog  its  interest  obligations  to 
so  large  an  extent  that  its  surplus  net  earnings  are  not  now  sufflc- 
iect  to  pay  10  per  cen'.  diTidends  on  its  stock  ;  a  less  profitable 
coal  business  is  also  Ulked  of,  and  this  aSecM  the  price  of  Dela- 
ware Lackawanna  and  Western,  which  declined  to  day  to  115. 
At  the  dose  the  feeliof;  was  weak,  and  prices  near  the  lowest  of 
the  day. 

For  the  parpoae  of  showing  the  total   transaetlons  of  the  week 
in  the  leadlnjf  stocks,  we  haTeeomoiled  the  table  following ; 
PacUe      Lake    WmI'd  Ctalc  *  Union    Ohio  * 

CdIoo.  ITirast.  Sri&  Paddc, 

ii.<M>    e.>ao      m    8.i"o 

11. «»  ».m  4.400  It, 'GO 
UW  •,»•  B,9aO  tMH 
4.4W    IMM      l.aa    ll.UB 

atjoo  ua  (00  (.too 
S1.300  si.no    i,i<a    J.aoo 

i«.iao  T1.I00  i5.m>  T«.40o 
rn.SM  149,M0  no.coo  an.MO 

The  last  line  in  the  preceding  table  shows  the  toul  namber  of 
•banM  of  each  of  the  stocks,  now  oatstanding,  so  that  it  may  be 
Men  at  a  glance  what  proportion  of  the   whole   stock   has   been 
tamed  over  in  the  week. 
The  daily  Ugbeat  and  lowest  prieea  har*  be«a  as  follows: 
asiordaf, 
_     Oct  I 

».y.cvlmbjl  -jm   imn 

Bftrlem 

Brie 

LaksSkors.... 

WtDwk 

■ortkwcst..... 

do      rrs' 

HoekUlaad... 

U.  Pail 

so       pr«f 

Ai.a  P>e..pr«f 
OHIO  a  Kim.. 
C*at»lo:  N.J 


let.       S 

..  HMO 

■,100 

-       4 

..  40l,«0 

K.4M 

•'       S 

..  n.MO 

St.** 

"       • 

..  IS.S0O 

4i.m 

"       T    .... 

..    «.I.)0 

tajM 

-       •- 

..  UM) 

s:.«io 

Total 

..lVt*)0 

jr«a)0 

rtaol*  stock. 

.  .100,000 

4»4.aas 

l,NO 

4M 

1.100 

l.«00 

too 

L-va 

1,100 

1100 

i,IU0 

4.400 

l.SOO 

IMOO 

4.W0 

100,000  190,000 

Forelcn  Kxeliange—There  has  been  a  little  better  business 
in  Exchange  this  week,  alihonah  the  rates  hare  fluctuated  as 
heretofore,  in  sympathr  with  the  daily  temper  of  the  gold  mar- 
ket. To  day,  the  dispatches  from  London  stating  that  considerable 
gold  shipments  had  l>een  m«de  in  this  direction  had  the  effect  of 
increasing  the  firmness  in  exchange,  although  the  report  was  dis- 
credited by  lusny  of  the  prominent  dealers.  For  the  first  time  in 
some  weeks  we  notice  the  sale  of  bills  against  a  foreign  loan — 
being  the  Mass.  State  loan,  which  was  taken  by  Kidder,  Peabody 
&  Co.,  a  few  weeks  since,  and  has  been  negotiated  abroad  ihroueh 
their  correspondents  in  London.  The  lowest  prices  reached  this 
week  in  the  quotations  of  leading  drawers  were  4  7(4  and  4.8^ 
for  long  and  short  sterling  reepeetively.  At  the  close  the  price  on 
setual  business  is  4.79  for  60  days'  sterling  and  4.83  for  short  sight. 
Quotations  are  as  follows, 

•Oct.8.- 


1*K 


,L.*  WMt  i«    la 


Mondar. 
.  Oct.  «. 
M     MM 

....   muM 

*!X    y*  »■'* 
«H  «      »K  m% 

M  UH  9>N  >  N 
m  IHHxt'«X>«K 
MM    S>         S4       MM 

kH  ««    n%  u% 

:4J!  ITU  ItM  I*K 
-     —     »;    ^• 


Wwl.  ITb.  Tsl. 
At  *  rme.  Tsl. 
Qatsaaimr.... 
'  «•  »r«l. 
IMMsMaU.... 
IllSillUt  . 
AMsrtess  Bs.. 
ratiiHaXs  . 
Wsilt.  raise . 


KH  It 

M«  •»•    m3 


UK 


It 


4 
MM    '4 

Its    li'.M 
HM   I* 
4)X   1\ 

>s  •« 

l»     ISi 
MM    4* 

■  7«    IIH 
14       14 

Ml     ISI      Ml     M      iw^in 

m     H      tm  *tH  "m    m 

•BK  m       «i      41      •«t)4  « 
■»      »       •■HH    »       •    ..    » 


•T>il>uU«»rle«IHdaa4a*aa-i:  •oMM«aaaa4*  attka  Boart. 

Thssatirs  rmogs  from  Jan.  1.1874.  to  lUtsdMc,  was  as  follows: 

. Jaa.  1,  un,  tt>  data — ^ Whola  jraar  l«M. . 

LowMt.  Blirbas^  Lpwsat.     I     Blakeat. 

msU'J  f\  KM  May  ll'iaftKMch.  II 
l«  Apr.  ti:iUKJaa.  IIMV'**)-  ** 
»H  Mcb.  »|  M  Dm.  10  ftll^Jas.  U 
—  s    STM  Jaaali;  MK  Jan    IS 

1    WS  pac.  U\  UK  )aa.  U 

■KJaa.    1 


Mdays. 

PrtmetMakers'aterllng  bills 4.7^)(94  1»H 

LosdoB good  bankers'  do *-'7)t^-ti)t 

London  prists  com.  ater  do 4.7s    A4.n 

Docnmeaiary  eommsRial 4.7S   04  W 

Parit<fraDcs) .,..  6  tlif-M.MS 

Antwerp  (fiaaes). 

Swiss  (fraacs) 

Aaatardaai  (nl)dats) 

Hamburg  (ralcbmarks). 

Prank  fort  (nlchinarks) njii 

Brsmsn.  (rclctunarka) SSKC 

Prasslaa  (rcldunarks)... M^i 


a.  r.Oaa.*liB4.« 

Barlaa 

■rla _ 

Laasaae** 

Wabash 

■orthwsal 

do        prsf 

Bocklslaad 

•kPaal  

do      pr«r 


K«7 

IfflWJan.  U 
•  IIM  Jsastl 

■  *t1t  9rpl.  n  *•>■  «aa 

JMJaaea  MNJaa 

mtJaasn  4BNJaa 


.  47MJaBalt 

.  m%  jsD*  n 

tl     Meh.    I 


Atlaatlc  *  Padlc  pnrf.  »K  Oct. 
OhlaAMIaalaalppl....  t4|t  S^ 
OaattalorNawJaTsey.  Mm  Oct. 


HH  Jmtj  U  M«  Jaa. 

tl  »rpL  M  nx  Pah.  t 
l»K  Aag.  IS^  MMisae  ItilOSW  Fab.  1 
«<M  Apr.  tl  MM  Msr  lt|  4ty  Jaa.  l« 
46K  Aag.  M  4t     Ma;    ft   14^  'ab.    > 


.     MNOct.     I 
Dal..  Uek.  *  Wastara.Msji  Jaa.    1 

Baoalhal  A  tt.  io. I3H  Oct.     t 

Oaloa  Pacllc  M    Jta.  U 

.Cblc*  1.0 1     Janets 

llOKJaa    i 
lOsloaTal...  ««  Pab.  I 
Adaack  *  Pscttc  Tal..  <7)t  Oct.     » 


1    is     Apr. 
B-pLtt  nxJaa. 


Ooi..Cbl< 

naiaa 


IS  Ma>  l« 
»  Jair  14 
mtPab.  10 
It  Jaa.  I 
M  Jssell 
41)4  Aag.  11 


lU  Apr.  n 
\n  Apr.  K 
lOH  Meh.» 
nH  Jaas  I 
•KJaa.  M 
m  Apr.  M 
MX  Aag.  IT 
tlMJaa.  U 
»  Jaa.  • 
44  Jaa.  1 
I 


4»NApr. 
lOiM  Mdt.  II 


Jaa. 
Jaa. 


im  8«p«.  t  a  Pab. 
t:X<'aaslT  M  Jaa. 
ta  jsa.  llOtJtPab. 
N  Jaa.  liKlKPab. 
MM  tape  1|  MhJaa. 


Jaaenl  MM  Mch.  it 

I     tapt  I'  UK  Mch.  M 

M     Apr.  Mill     Jaa.    • 

■     Apr.  Ml  MM  I)ac.  10 

M     Aag.  a  a     Nur    1 

UK  Apr.  a!  MM  Nor.  M 

a    Jeaa  n\  «     Ho*.  IT 

SlMt«p4.a 

IM     Me*.  U 

»MDsc.    I 

.  U     Pab.    1 

mtt  Jaa.    M  M     Mo*,  a 


ax  Dae.  tl 

m  Sspca 


PaeMcHaU 

Adsaaliaisss 

Aawteaa  Bzprasa 

Qallad  Blataa  Bzartaa 

Walla.  Parr>*C»....  11     Aag.  Ml  aM  Apr. 

Tka  e*l4  ■arttat.— Oold  still  eootloaas  to  OMapy  maeh  at- 
tention in  Saandal  drclea.  The  pries  waa  advaaeed  to  117| 
early  in  the  week,  bat  has  since  boeo  easier  and  doaas  lo-day  ai 
11(H.  There  baa  been  rather  leaa  striagooey  la  gold  loaaa, 
the  rata  seldoo  ralioc  above  1  83  per  day,  aad  iba  faaga 
to  day  btfiag  1  M  lo  S  M  per  diem  and  7i<<8  per  aaat.  per  annum 
(or  borrowing.  Tina  loaaa  of  gold  bare  l>Ma  qaotsd  as  follows  : 
80  dars.  U :  00  dara.  IMU  ;  00  daf  s,  3afii  :  4  loootbs.  i<gfH  :  0 
mnuihs.  idtH;  all  year.  JotU^.  Hie  lower  prioa  of  |old  waa 
ebi'fly  in  coosMornce  of  a  drapatch  fmm  London  thia  asoralac 
■tatlog  that  £880,000  bullion  bad  been  withdrawn  trim  the  Baak 
of  Esglaad,  most  of  it  for  siiipment  to  .New  Tork.  It  is  pfopor 
to  say,  howerer,  that  this  deorateh  waa  dlaerodtted  by  soas  of 
the  best  informed  of  oar  foreign  baakers,  as  it  was  aot  eoa- 
travd  by  prirate  Ulegrams  to  tbrm.  As  UJ  the  gold  Intenwtdae 
••  OoTernm'Ot  seeartlles  Nor.  1,  the  amoaot  is  statrd  at  tl2,- 
IM.Ml.  which  will  be  paid  wliboat  rebata  iba  last  we>-k  in 
Oct<>b«r.    The  Traaaary  sales  In  Oct.  will  Im  $1,000,000  each  week. 

At  the  Treasury  a<le  of  $1,000,000  on  TharwUy  the  total  bids 
aaoaalad  to  $3,7<S.IM0.  Costom  rmssipu  of  the  waak  hare  been 
|lMe,000. 

The  tollowtag  table  will  show  the  eouma  of  gold  and  opera- 
tions  of  the  Gold  Kxehange  Bank  each  day  ol  the  paM  week  : 

<— — 4|aeMtl«aa , 

Opa»- Uht- Bl«b- Cloa- 

Mitarday,  Oct.    »....r!l%  ttSif  mv  i'tW 
M.»<*r.      Z    I—'"    '"    ""H  "'* 

^Madar        r.     !  ••""X  I'^X  1"H  117K 
Wadaaaday.  "     I  ..  m     ntx  ii;x  I14H 

:i4M  ll'K  IIT 

itsS 


TWal    , Bal 


OarlKfL       OMid.    Oarmer. 

t«i.s««tt  •1.MJ44  ts.ir.ni 
tM.i,aM    ini.i«r^M»Mi 


Sdays. 
4.M    a4.8»X 
4.81    04.8S 
4.81    64  81 
4.80    04.8I 

t.WHa!,  silt 
s.»)ta5  SIX 
s.Mxi&<iS 


40H» 
MKd 

Man 
Mxa 


MX 

MX 
MX 


The  tranaactlona  tor  the  weak  at  the  Custom  Bouse  and  Sub- 
rraaanrr  hare  boos  as  follows: 


Oct.     I.. 

••      4.. 

••      6.. 

«.. 

"      1.. 
"     t.. 

Total.. 


CasloBi   . 
Boaaa 
Receipts. 
..  tl4t.tW 

..   ar.uo 
..  mijnt 


-Snb-Tfessary.- 


Receipts  • 

Gold.  Catrancy. 

tMu.7S4  il  tl.lSl.U7  74 


iti.at 


Mt,l4S  W 
4«.M8M 
ItMli  It 
I,«lft.0«  77 
8I4,»8  1* 


l<7l,t80M 
r46,M7  It 
tut  107  It 

lt^t«  a 

i.aM  Its  H 


-Paymeota. . 

Gold.  Cnrrerry. 

|et.lJ8  «S  II.H7S.4HO  SI 

R«,iai »   1  maM  tr 


lM,»i7  98 
i«',444  8T 

Ml. 141  U 

1.147  aa  a 


i,4M,«m'» 

8<43t8a 
l,il8.nM  10 

i.Mt.Mt  n 


Bslaara.  Oct  1_ 


i.at.oio 


4.ret.Ma  M    •,att,i:i  7S    l.l0t,4M  7t    8,H7,47S  n 

t:.M7.>M  in  57.<yi.  M  a 

Baiaaca.  t/ct.  8 «,«K,S8»  41   M.U0,1M  40 

NowTork  Clip  Baaks.— The  following  statement  sbo«B 
the  condition  of  the  Asaoaiated  Baaks  of  New  Tork  City  (or  the 
week  ending  at  the  onmasawmiat  of  business  on  Oct.  2, 187S: 
■^^TBBaea  ABocar  or- 


Thartday, 
VHday, 


7. ...117 
I  ...IIT 


II7X  lUM 


11  SIMM 
t<.ta.tM 

li,«tjat 
ujiMa 


tn^M 
at.sM 

lATMIl 
I,MMM 


pen. 

I.t  1.1(7 
!.»«.' 14 
1.IM.4M 


tn.>  KjNo  najti JDO  mMtjt  o  Ht,»>jKo  lai.mj^o  tajcrg 
The  dorlations  from  the  retoras  of  the  prerlous  wsek  are  as 
feUewB: 

S**-  •'•21!  2?  1 2."  ",•??•"• .I)ee.|M»J0O 

Da«.       no.«b   ctrealatioD -Oae.  IJSO 

IM«.       WtjPOl 


llsaela. 

UnlTaadera 

Tbe  (oUowlag  are  the  totals  for  a  series  of  weeks  past 


i^ravloMwssfe lltX  lltM  IITX  illx    Wt^MMM    LuiiM 

Jsa.l.lffm.lodato...lUKlllSuiMUt)«        VrT     .W7^. 


\.mM\ 


lioaaa. 

jair  IS...  anjttjM 

Jar  II...  mJHirt 

jaiTii...  mMt-mi 

J..lT»1...  1TI.»1-..1» 

Aaaaat  7  4«.iSiJM 

A^taStlt  IMMI.KIS 

Ai«  •ttl  «<.>tl.JOI 

Aanal*  IMJSUOS 

t'At...  ra^4jos 

tapMI...  aM4SJ0S 

saat.it...  aU71.<40 

last.  a...  auw.Nt 

041.1.....  SMUJM 


Lapal 

ioStjss 

^Ts^STSi 

Deooalti. 

WKAmmt 

I4.«4JM 

71.TM.WI 

wojatjme 

l7JI4.m 

71IIII.W0 

iSMis.ee 

w^jm 

7S.Uir<a 

Ml.Ma.iai 

I4JM.MI 

;t.«li  tno 

tVM'.tt'Q 

14.44 1.  lOS 

7D.M.ni 

Htjmvo 

itjr,«t 

Mjr.iM 

iM.injao 

IMJS.MS 

10.«t.7ne 

l4MM.in) 

IftMlM 

i*jnjfv 

Mt.WJ'lt 

tjn*.y» 

4a,iM.aoo 

MtJhJN 

n.mjM 

MI,#t.lM 

flAI.MO 

ai.ai.4N 

*A»JM 

I4.4I0.4N 

ii4!4w,4oa 

ClrcB- 

latloD. 
;i.*M.<nn 

ujti.no 

IM  (.lOO 
Uj'IJn.1 
lt.«l3.7'0 
IMItJOtl 

ii.ir.4ao 

I7.7-««M 
l7.7»4.-4» 
l7JN.«g 

i7.*ajoo 


Acirrasala 
Clearinaa 
i7i,in  IM 

S«.<lll.74t 

9ilja(.wn 
tM.:<:.4i7 
Hi.iv<.4ra 

Mn.'U.TM 
I17.<II.I10 

»;.i*i.*n 

ab4.ll?.f9 

an.Ts.wi 

4II.KI.MI 
4I«JMJ!4 
M.lM.m 


514 


THE  CHRONICLE. 


[October  9,  1875. 


aoaton  Banltsp — Below  we  Rive  a  statement  of  the  Boato° 
Kational  Banka,  as  returned  to  the  Clearing  House  on  Mondav, 
Oct.  4.  1875 : 

Baufct                       Capital.       Loan^      Specie.  L.T.Nolei.  Deposit!.  Cironl. 

AtUullo t.ou.uuO      IX.iu.iM           I6IA)         t&e.lUU         tSU.IUU  (im.KO 

ttiiu i.joo.ooo     ^.^4s.^oo        m>       ts.tou        isi.mi  e<£t»ti 

laCl»(Ooe '4,tXIU,0U0        t,A(l.'<US             too         iUMO        2,:47.U0  8I&XI0 

Boston l.OM.OOO        2.^97,100          2,800         1U4,4(J<I           8  0.8(ig  SW.4J6 

Borlaton 100.UOO        1.MJ.4U0          1,6|U           aO.UUI          70;,30U  48J,SU0 

Broadwat 20a,000         Sli,fMI          ....         le.lIM         SM.iUU  1M.6(XI 

Central 500,000        ),i:!S.300            ...             63.GJ0          tSl.JUO  288.800 

Columbian 1,000,000      i.4*t.3O0        4,000       129.800        riiMO  mi.*!ii 

Continental l,uoo,ouo      2.8'.l.'.(0          ....         18,800       l,ii8.9uu  664,;oo 

■Hot 1,000,000        a  155.800          5,700         110,100           ri8.5O0  13S.»0C 

Krerott 400,000        1,079,100             MX)         Wt.iOi          «8il,S00  '.H.'S.Sh' 

FanoallHall 1,000,000       2,4l'i,llJ0          ....        i;i,IWO       1.298.S0U  S12.8011 

Freeman's.... 300.000       1,662.200         3,900         7l,«uo         «U,900  849.«<J0 

Olohe  1,000.000        S.IIO.CWI            ....         2tO,«(r         HSMI  S14.000 

Uamllton 730,000        l.69;,d00          8,700          97.600           813,4110  22.\8llo 

Howard 1,000,000        3.525.400           1,000         158.;00           896.800  413.MKI 

Miuaracturers 500,000       1  ISS.W          ....        liO,Uoo         76«.tioo  MS.roo 

Mimet 800,0O«        1.693.700          9.300          84,100          73>,i00  351,fCJ 

Musaclinselta 800,000       2.703.300         26.500         236,400        1,316,200  3.^1, .0/ 

Maverick  <00,00«        1.675.200              100         112,800        1,035,400  S60,OiO 

Mirf.hant*' 8,000,000       8.3.i9  riCO         35,900         638,200        4,148,100  1,706.900 

Metropolitan OOOJWO         671,700  ...  64.400  3;Sj;00 

MountVernon 200,000          649.J00             200           M.S00           359.BU0  177.K;0 

•Tew  Bnxland 1,000,000        3,6l0.500             50C         IZiMi          821,900  77.i,lua 

North 1,000,000        8.823.U0          8.400         32S,9l)0        1.533^00  564.«1'0 

Old  Boston 900,000        2.1H.O0O         81,900        226,100        l.U5i.200  29i,4U0 

Bhawmut  1,000,000        2.573.100          7,000         867,900        1.187,900  457,l« 

Shoe  *  Leather 1,000.000       8.75i,300         11.500         276,100        1,293,!)00  75(3,SJO 

State J,OOO.0O0        3  7;1.9UO         lO.OCW           9i,lO0        1.093  3(10  977,500 

ttffolk 1,800,000        3.661.100          5,400         407.OO0        l.S9i,3uo  73S,«1'0 

Traders' 600,000        1.292.600          6,W0           S9,4o           6;i.4oo  130,91)0 

Tremont J,000.000        3,7W.900         J1.200         219,3iio           ".l)9,3oo  6(3,«0C 

Washington 750,000        S.02^500          l.»00         102,lu0          603.200  586,100 

First 1,000,00(1       4,186.300          2,200         429.1C0        1.223.900  SSi'.OtC 

faoond  (Granite)...    1,600.000       4,291. Ooo        IBM         422'2tO        l,69i,«P0  486.(00 

hlrd 300,000       1.153.000        23,300          68.(00        1.041,9oO  154.90(; 

Fourth  200.1100          254,200         .....           W-W          105.600  4.i.l00 

Banu  of  Commerce.    2,000,000        B.456,i00         10,500         807,l00        2,111.9oo  506,2.« 

Bankof  N.America   1,000,000       2.152.300          4,600        iW.JoO          017.100  563,J00 

B'k  of  Redemption.     1,000,000        5,726  liO        11,700         535,luo        l.ll.W,5oo  625.(00 

Bankof  Kepnhllc...    1,500,000        2.960,000            ■•..         l6;..00           fcl7.500  985.0U0 

Oommonwealth 500,000        4.00^.600          4.000         604,Uoo        2,S69.I00  SOO.UOO 

Olty 1.000,000        I,951.S00          9.100           40,Vo{;           591.800  416.200 

Kattie  1,000,030        2,0j1.2UO           1.3J0         122,700           731.200  3:7,200 

■xohanee 1,000,000        6.262.3iXI         52.900         423.900        3,903,900  705,5u0 

HldeikSeathei'  ,..    1,.500,000        3,772,400          3  300         211.300        l,UO3.200  9fO,9.C 

Beyere J,000,000        5,386.100          3,300         848.800        2,;63,9ao  P97.W 

Security 200,000           924.600            ....          107,200          8ia.S00  ISO.UUO 

Union 1.000,000        2,814900             800         171.400       1.283.400  53i.9(IO 

Webster 1,500,000        2.733,700          8,600         138.000        1.143,300  395,000 

Total »50.830.000    «135.15<,50O     1371.100  110,235,100    »54,525.6t0  jiil2:8.900 

Thetotal  amonnt"dne toother Banks."aBper8tatenientof  Sept. 27,  Is  f24,666,20O 
The  deviationB  from  last  week's  returns  af e  as  IoUowb  : 

Loans Increase.     4V2,9(X)  I  Deposits Increase.  2,147.500 

Specie... Decrease.      17.100    CIrcalatlOD Increase.     221,200 

Lesal  Tenders Increase.     857,2001 

•  Not  received— Same  as  last  wee'f. 

The  following  are  t  he  totals  for  a  series  of  weeks  past : 
Dare.  Loans.  Specie.    LegaiTenders.   Deposits.  Circulation. 

Sept.  13 134,167,300              712.'00            9,529,500           52,333,600  24,812,100 

Sept.  20 131.997.1110             4-0.810            9.S83.0IIO          5;.372,1IMI  24.*9%8U) 

Sept.  27 131,711.600             883.200            9.897.500           52,378,100  24,9!)7,7'l0 

Oct.  2 135,154.3110             811, 100          111,235,100          54,  i25.600  25.218.900 

PMIadolpliIa  Uanlcs. — Tha  following  la  ttie  average  con- 
dition of  the  Philadelphia  National  Banks  for  the  week  preced- 
ing Monday,  Oct.  4,  1875  :                                          Total  net 

Banks.  Uapual.      i^oans.    Specie.    L.  Tender. Deposlts.Uiicnlafii. 

Phlladolphla »1,500,000     «3,380,000     »50,000      11,053,01)0       13.797.000  $1,000,000 

North  America 1,000,000       4.699.000          ....         1.215.100         3.537,000  798.000 

Farmers  and  Mech.   2,000,000       6.5OI.31.1O       42.0(0         2,020.300         6.09, ,900  1.000,000 

0>mmerclal 810,000       2,6l'4,0OO         5,0C0            4SO,0C0         1,714.000  o94,(00 

Mechanles'  800,000       2.197,1100        1,635            248,500         I,282.00J  478,001) 

Bank  N,  Liberties.        500,00o       3,068.000          ....            68;.000         2.836.UOO  426.000 

Boathwark 250,000       1518.930        2,»E2            615,713         1.575.683  I9J.0T0 

Kenslnaton 250,000       1,112.710          ....            207,000            719,754  222.990 

Fenn 500,000       1.800.178         1.000            239,285            921,885  213.600 

Western 400,000       2,150.614         9,950            714,391         2,151.517  212.733 

Mannfactarers'....    1,000.000       2,611.300          ....            350,000         1.716.000  532.500 

Bank  Of  Commerce     250,000        7is).533          645          15.3,551          591,555  199.3:5 

Glrard    1,000,000       4,143.000        6,000        1,870,000         8.622,000  593.000 

Tradesmen's 200,000       1.623.0f0         6,000           519.000         1,156,000  ilS.IOi 

Oonsoildatlon 300,000       l.nn.CSS          ....            233,313            819.312  270.000 

City 400,000       1.539.935          ....            261.256            9::5,9)5  353.03) 

Commonwealth....      300,000        8B1.000         ....           132,0i«          6S7.0fl  2;S,0iiu 

Corn  Bxchanee....      500,000       2,072.000         1,567            816.000         2.267,000  27'..ll50 

Union...  ..........:      500.000       1.683.000          ....            339.000        l.«6,000  3O4.0M 

First 1,000,000       4,522.000       13,000           987.000         3.98,!.0I0  78S,00(j 

Third 300,000          981,770          ....            SM.OOO           ?l,,090  263.460 

Sixth 150,000         562.000          ....            111,000           f,2.000  135,000 

Bsventn 350,000         661,000          ....              89.000           «28,00fl  219.3.30 

BUhth 275.000       1.080.000          ....            206,000            ^S'.OOO  237  950 

Oentral 750,100       4,527.000         2,C0O            974.000        4.OOS.OOO  433.1100 

Btnkof  BepnbllC.    1,000,100       l.<09,000            ...            360,000        1,0-8.000  731.000 

Becarlty.... 250101-0          733,000          ....            108.000           452,000  178,000 

Total S16,48S.0OC  tei,411,573    »140,719     $14,878,329     $50,576,441    $11,097,055 

Tne  deviations  from  the  returns  ol  previous  week  are  as  follows: 

Loans Doc.  «718.9Sii  Deposits Inc.  |l,S45.37ii 

Specie Dec.       a.;91 1  Circulation  Dec.  25,388 

Lerai  Tendflr  Notes .Inc.    837,510  1 

The  followiug  are  the  totals  for  a  series  of  weeks  past : 

Date.  Loans.  Specie.   LegftlTender.     Penosits.  Circulation 

sept.  13 .      62,04?,42o             240,1?0          14,026,188          49,311,496  11,101,4=3 

Sept.20 62,317,600             167.-176           14,071.761           4S.63S.015  11,1>'8.217 

pept.27 62.130,558             14S.910          14,020,319          49,231,071  Il,l2-2,li3 

Oct.  6 61,411.578             140.749          14,371.389          50,576,441  11,097,055 


aUOTATlONS  IJI  JJUSTUN.  PHILADBLPIIIA    AND  OTHER    CITIES 


SEOCRITIKB. 

Bid. 

101  J, 
I04.S 

107 
103* 

&sk. 

107k  1 

mi 

69K 
68>,, 

96 

iii>i 

SEOUBITIEB. 

Bid. 

100* 

135 
55 

\^^ 
40 

liiV 

9X 

Ask 

BOSTON. 

Maine  68 

V^ermontftMaBS.,lstM.  6,'S8. 

STOCKS. 

Boston  ft  Albany  stock 

Boston  ft  Lowell  stock 

ISfi 

Vermont  68 

MaBSochuBettaSB,  Gold 

do           5a,  Qold 

60 

.... 

Burlington  &  Mo.  in  Nebraska 

Cheshire  preferred 

Chlcaso,liur.  ft  Quincy 

Oln.,  Sandusky  ft  Clev. stock. 

49, 

do     56,KOld, 

Chicago  Sewerage  7b 

do       Moniclpal  78 

58 
•12 

911! 

PorflRnil  tin 

80 

Atch.«  TopekalBt  m.7s 

do                land  gt.  7b.... 
do               2d  78 

liij, 

101 

is" 

2 

130 

id' 

136 
77V 

is" 

25  • 

am 

132 

Uonnectlcnt  ft  Fassnmpslc,  pf. 
Kastern  (Mass.) 

49 
25 

do                land  inc.  128.. 

Boston  &  Alliany  7s 

Boston  &  Maine  7s 

Burlington  &  Mo.  Neb.  8s.  1894 

do            do   Neb.  3s,  1883. 

Eastern  Mass..  7s 

lnd.Cln.&Laf.7B,  1869 

do          equipment  lOs. 
do          funded  debt  78 

Omdensburg  A  Lake  Ch .  6s 

Old  Col.  ft  Newport  Bds,  7,  '77. 

Itutland,new78 

Verm'tCen.,lBtM.,cons.,7,'8« 

do     2d  Mort.,  1,1891 

Vermont  A  Can.,  new,  8<. .. . . . 

tasterntNew  Hampshire).... 

30 

•.32" 

75" 
128 
82 

no" 

2C 

\«8nche8ter  ft  Lawrence 

Nashua*;  Lowell 

Northern  ot  New  HampBhire. . 
Sorwlchft  Worcester......... 

OBdcns.  ft  L.  Charaplaln 

do               do      prel.. 

Old  Colony 

fort..  8aco  ft  PorUmonth 

Katland  common 

do     preferred 

Vermont  ft  Massaohuaetta 

Worcester  ft  Nashua 

w" 

BOSTON,  PlftltJlOSLFaia,,  Etc.-CoaUnaed. 


•SOUBITIXa. 


PHILADELPHIA. 

BT.a.Ta  AND  CITY  BONDS. 

PennsylvanlaSs,  coup 

do  do    re« 

do  tc,  10-19, -2d 

do          do      19-25. 8d., 
Philadelphia  6b,  old 

do  68,  new 

Alleithany  County  St,  coup... 

Pittsburg  4t 

do       9b 

do       7t 

New  Jersey  State  6(,  Exempts 

Camlen  (;oanty  6b..-.  

Camden  Clly  7a 

Delaware  6e 

Harrisburg  City  6« 


KAILBOAD  BTOOSt. 

Camden  ft' Atlantic 

do  do      pref 

CatawlBsa 

do        pref :. 

do        new  pref 

Blmlraft  WiUlamsport 

Klmlraft  WiUlamsport  pref.. 

BaBt  FennsyiTwiia 

Unntlngaon  ft  Broad  Top  .. 
do  do    pref. 

Lehigh  Valley.. 

Little  Schuylkill 

Mlnehlll ...,., 

Nesquehoning  valley 

Norrlstown 

Northern  Central 

North  P'nnsylvanta 

Oil  Creek  ft  Allegheny  River. 

Pentsyivania... 

PhllailBlphla  ft  Erie 

Pniladclphla  ft  Heading 

Philadelphia  &  Trenton 

Phlla.,  wllmlnK.  &  Baltimore. 

United  N.  J.  Companies 

West  Chester  coniioi.  pref 

WeitJersey 

OANAI.  STOCKS. 

Lehtgli  Navigation 

Morris 

do    pref 

Schuylkill  Navigation 

do  pre* 


BAILBOAD  BONDS. 

Allegheny  Val,  7  S-lOs.  1896  .... 

"" "        'do        7s  E.  Ext.,1910 

do     Inc.  78  end, '94.. 

BelvldereDelaware,l8tm,6,'77 

do  do      2d  M.  68,'85 

do  do       3d  M.  6B,'87 

Camden  ft  Amboy, 6s,  '83... 

do  do       68, '89.... 

do  do  mort.  68, '89. 

cam.  ft  Allan.  Ut  m,  7s,  g.  19C3 
^^  do  2d  do 7b,  1830... 

Cam.  &  Burlington  Co.  6a,  '97 
ataw^sa,  new  7»,  1900, 


Bid.  Ask 


IW 


104)4 

111 


108>. 


106 
112 
107 

lUSti 


10<V 

105 


100 

f  ■ 

18« 
45 

42H 
28 
88 
40 
<l 
6 

SIX 
51 
54 
54 
97 
:8 
53 
lOH 
BOH 
20 
36 
131 

132" 
56 


50 

50 
125 

iiji 


92 

86K 

50 
110 

95 

S9 
100 
101 
105 
107 
102 

91 X 
104 

nO 
91 

so' 

lOO 
lOO 
102 

to 

;02 

1 04 

;0i 

52 
100 
lOU 
lOO 
103H 
l03 
i09 

99 


CayURa  l.ake  ls,t  in -«;'•• '"" 

Connectinifos  1900-1904 

rhartlers  78.1901 -.j-vj, 

Dan..n.  ft  ■Wilkes,  1st  m„7c ,"87 
D--laware  mort.  68,  various — 

Ha8lPenn.lBfjiort.78,'88 

Bl.  ft  Wmspoi  t,  IBt  m,  78.  '80. 

do  do   Ss.pcrp 

Harrisburg  1st  mort. 68, '83... 

H.  &  B .  T.  iBt  mort.  7s,  '90. . . . 

do       2d  mort.  7b,  '75... 

do       3dm.  cons. 7b, '£5 

Ithaca  ft  Athens  g.  7s. '90 — 

Junction  Ist  mort.  6s,  "SS. .  . . 

do      2d      do         1900(98) 

Leblgh  Valley,  6s,  1898.. . . 

do        do         do     reg 

ao        do         do        78, 1910 

do       do  do  reg  19i3 

Lltile8chuylklH.lBtM..7,1877.|;00 

Northern  Central,  21m.,69,'85|  .. 

Nortlicrn  PnCillc  7  S-lOs.  1900.   I  16 

North Penn.  lstm,6s,'85 — 

do  2dm.  IS, '96 

do  chattel  M.  108.... 

do  gen.  M.  78,  1903 . 

OilCreekftAle.U..con.7B,'8Si  M 

OilCreekl8tm.78 ,'82 j  i«i4 

Penn*  N.Y.C.&R  K78.'96-1906. hOCii 

Pennsylvania,  1st  M.,6,1880...|i03 

do        gen.  m.  1910,  coup;;01 

do         gen.  m.,  reg.,  1910  101 

■    ■—  '  yO 

95 

39 

102 

l09 

30X 

lOS 

108 

0« 


.!106 
.1107 
.jlOl 
l3l>« 


Perklomen  1st  m.68,'97.., 

Phlla.  ft  Erie  ist  m.68,'81 

do         2d  m.  78. '88 

Philadelphia  ft  Beading  6s,  '80 
do  do      7b,  '9!- 

do  deb.bonds,'98 

do  g.m.78,c.  1911 

do  do    reg, 1911 

do  new  cony.  7s,  189S 
doCoal  ft  l,Co  m.,78.'92-'S 

Pitts.,  Cln.  ft  St.  LoulB  78,  '90. . 

Shamokin  V.  ft  Pottsv.  78. 190'.. 

SteubenvlUe  &ilndiana78.'84 

Stony  Creek.  Ist  m..  79,  1907... 

Sanlinry  ft  Erie  1st  m.7s,'77.. 

Sunbury  &  Lewlston  78, 1S90.. 

Union  A  Tltuavlile 

II.-.itedN.  J.  cms.  m.  68,  91.. 

Warren  &F.  Istm.  is, '96 

Westchester  cons. 7s, '91.  ... 

West  .lerseylst  m.6s, '96 

do  do    78,1397.... 

Western  Penn.  KB.  68. 1593.... 
do        do     6sPb'95 

Wllmlng-ft  Kead.,l8tM.,1,190< 
do  do  2dMort,190S 

CANAL  BONDS. 

Delaware  Division  6s, '73 

Lehigh  Nayigation  68.  '31 

do  RIl,'97... 

do  Ti  

do  couv.,  '8; 

do  oonv,,  g, 

do  gold,  '97 

Monls,  let  M.,6, 1876 „ 

do      2dM.,  1876 

do      boat,  '85 

Pennsylvania  6s,  1910 

Schuylkill  Nay.  Ist  m.6B,'97., 
do  2d  m.,6s,  19C- 
do  ra.  6b.c.. '95 
do  68, imp., '30... 
do  98,hoatftcar,1913 
do  7b,  boat  ft  car, 1915 
do  scrip. 
SoBgnehanna  68.1894... 


90 

7J5i 

S6 

75 
lilO 
100 

22 

lOO' 
79 
;05 


95 
101 
I(,J 

95 
101 
105 
118J 

99 

99 
lOtI 

70 

94 

81 K 

79 


15X 


93  I 
88X 
53 


BALTinORK. 

Maryland  6«,  deicnce,  J.  ft  ./-. 

do       68.  exempt.  1S87 

do        6.,ls-90.  quarterly... 

do        58,  quarterly 

Baltimore  6j,  1881,  quarterly. .. 

do        68,1886,  J.  ft  J 

do  6^1890,  quarterly... 
68,Park,lb«;i,  «-M. 


109X 
99X 


15>» 


81H 

109  >4 
75  " 


100 
101 H 
103H 


105 
70  J.' 
93 


■BOVBITIB*. 


do 
do 
do 
do 
do 


68,1-93.  M.  ft 

8«.  elcmpt,'93,M.&  K 

6fl,  1900,  J.«  J 

6b,  1902,     do    

Norlolk  Watrr,8s 

KAII.BOaD  STOCKS.     Par. 

Bait,  ft  Ohlo-St<  ck 100 

do        Wash.  Brarch.. 11/0 
do       Farkersburg  Br.  5t 

Northern  Central 50 

Western  >»  ary land 50 

CentraK  hlo 50 

Pittsburgh  ft  ConnellsvUle.  90 

BATLROAU  FO>D^t. 

Bait. ft  Ohio  6s,  1F80,  J.  ft  J... 
do  6s.  1885.  A.  4  C. 

N.W.Va.,  3d  M.'guar)'^3.  J.&J. 
Pittsb.  *  Conccllsv.  'i8,'98,  do 
Northern  Central  6s.  18S5,   do 

l3o  Oo,  1!MX>.  A.«U. 

do  66,gold,1900,  .1  &J 

Con.  Ohio  6«,  l»t  M.,iS90,M.&S. 

W.  Md.  6s,  iBt  M.,(gr)'90,J.»  J. 

do  IstM.,  1690.  J.ft.J.. 

do  21  M..  (gu«r.)  J.&J. 

do  2d  M..  (pref.) 

do  2'M.(Kr.by  W.'  o.)J.ftJ. 

do     6s.  8d  M  ,  (guar.)  J.ft  J. 

Mar.  ft  Cin.78,  F.  x  A.,  1892... 

do  2d.M.*  N 

do        88, 3d, J.&J 

Onion  HK.,  18t  puar..  J  *J.. 
do       Canton  endOTBed.. 

MISCKLLANEOUB. 

Baltimore  Gas,  certificates... 

People'B  Ga" 

WAJiHINOTCV. 

District  of  Columbia. 
Perm.  Imp., 68, g,  .l.sj,  ;891. 

do         7s,  1S91 

Market  Stock  bonds.  "8. 1S92. 

Water  Stock  bonds  78,1901... 

78,1903.. 

Fnnd.  Losn  (Corg  )  S.55S,  1924 

Washington. 

5  year  Cers.,  7  3-10,  1875 

Ten  year  Bonds,  68, 1878 

"■una. Loan  (Cong  )  6  g,  1892.. 
Fnnd.  Loan  f Lee). Cs.g,  1902.. 
Uei  D.of  Slock  rl528)  58,  at  pleae 
"  "      (1843)68,  at  pleaf 

Ches.  ft  O.  «t'k  ('47)  68,  at  pleas. 
Georgetoicn. 

General  block,  8c*.  1881 

do          6s,  at  plea!*nre. 
Ronnty  stock,  6s,         do 
Market  stock,  69.            d3 
Board  of  Public  Works— 
Cers.  Qen  imi'-B«,;87< 

do  18|5 

do  1876 

do  1877  

do  1878 

do  Series. 

Certificates,  Sewer.  88,1871-77. 
Water  Certlflcatee.Ss,  1577... 
CINCINNAXI. 

Cincinnati  Ss 

do         6s 

do         78 

do         7-30S 

Cincinnati  Sonth'n  KR.  7.30s  • 

Uam.Co.,Ohio6p.c.iongbde. 

do         do     7p.c.,lto6yrs. 

do  do     Ig  bds,7  ftf.SOf 

Cln.  ft  Cov. Bridge  s'ock,  pref 

do         bonds,  long. 

Cin.,Ham.&D..l8tM.,7,  SO... 

io  do      2d  M.,  7, '85... 

do  do       3dM.,8,77.., 

Cln..  Ham.ft  Ind.79guar 

Cln.  ft  Indiana,  1st  M.,  7 

do  do     2d  M.,7,18n.. 

Colnm.,  ft  Xenia,  1st  M., 7,  '90. 
Dayton  ft  Mich.,  1st  M.,  7  81.. 
do  do       2rtM.,7, '84.. 

do  do       SdM^7, '88.. 

do  To'do  dep.  bdB,  7,'81-'94 
Dayton  ft  West.,  Ist  M„  1881. . 
do  do       1st  M.,  1905.. 

40  do       Ist  M.,6, 1905. 

Ind.,Cin.ftLaf.,lstM„7 

do  (I.&C)lBtM.,7,188f 

Little  Miami,  6, 1883 

Cln. Ham.  ft  Dayton  stock.. .. 
Columbus  ft  Xenia  stock  .. . 
Dayton  ft  Ml  chigan  stock  , . 
do         8p  o.Bt'kguar 

Little  Miami  stock 

LOIlISVIIiliE. 

Louisville  6b. 'S2  to '87 

do         6B,'97to'98 

do         Watel  6s,  '87  to  '89. 
do        Water  Stock  6s, '97 

do         Wharf  68 

do        special  tax  6s  of  '89 
Jeff.,  Mad. ft  I,lstM.(I&M)7,  '81 

do  do    2dM.,7, 

do  do    1st  M.,1,1906.... 

LOUIsv.C.ft  Lex.,l8f  M-,7,;;^.. 

loalB.ftFr'k.,lBtM.,6,'^0-'78.. 

do      LonlBV.Loan,6.'81 

L.  ftNasb.lstM.  (m.s.)  7.'77.. 

do    Lou.  Loan  im. 8.16. 'Sf-'Si 

do  do      (Leb.Br.)6.'86 

do   lstM.(Mem.Br)7,'70-'75. 

do   lstM.(Lel).br.ex)7,'80-'!!5 

do    Lon.L'n(Leh.br.ex)5,'93 

do    Consol.l8tM.,7,1898.... 

Jefferson.,  Mad.  ftlnd 

Loulsy.,Cln.&  Lei., pref 

do             do          common 
LoulJTlIlo  ft  Nashville 


ST.  liOris. 

81  Louis  68,  Long  Bonda 

do      Waler6s  gold 

do  do      do(new)x 

do  Bridge  Approach  g.6s" 
do  Renewal  gold  6»..  —  * 
do  Sewer  g  68  (rlue'91-2-3)* 
St.  LonlsCo.hew  Park  g.  68... 

do         c'y,  78 * 

At.ft  Pacific  guar,  land  grants 
do      2d  M.  (funded).... 

•  And  interest.        


104 
103 

,00 

»'» 

9ftJi 

98  H 
1C2 

87 
112 

BS 

95 
102 
106 

Si% 

79H 

90 

91X 

W)< 
26  >. 


Bid    Ark 


1(9 
104X 
85 

lOX 
I05S 
105X 
105 
105 
108 
115 
103 
100 

'9 
125 
7 
23V 

41J4 


no 

:io 

107 
93 
116 
106 
lOSV 
106 
106 
112 
1(6 
106 
110 

180 
150 

12 

29 


107 
106 
109 
100 

'S? 

97 

99 
US 

90 
109 

SO 
ICO 
105 
107 

99K 

80 

too 

W 

106S 
27 


95 
85 
S5 
85 

BOK 

89  )« 
fl9« 
8"M 

S9X 
."5 

98 

•80 
•92 
'103 
•1(B 
!C0 
•92 
100 
"103 
115 
90 
1(2 

9ax 
too 

80 

90 

74 
1(10 
101 

91 

SO 

98 
•100 

85 

75 

71 

92 

93 

4a 

96 

40 
101 

94 


•99!. 

107X 


ii\ 
89V 
89X 
89  V 
i-9V 
60 
101 

85 
91 

■05 
107 
103 

94 
101 
105 
1-20 

95 

,04 

95 
112 

81 

91 

76 
113 
103 

93 

92 
100 


73 
•4 
94 
50 
98 
42 
102 


91 

90 

91 

91 

91 

91 

90 

71 

89 

76 

86 

90 

96 

89 

90 

89 

89 

8SK 

.'6X 


6 

31X 


100 
106X 


ins 

1'14X 


October  9, 19/6.] 


THE  CimOKlOLfi 


S45 


GENERAL  QUOTATIONS  OF  STOCKS   AND   BONDS  IN   NEW  YORK. 
rr  8  Bond*  anil  aeti9*  Railroad  Btoeki  art  guottd  oh  a  prevtout  page.    I'riett  repretent  tht  xttir  cent  value,  whatev&r  the  par  M>ty  be 


•«rr«iTl»«. 


Mate  B*uda. 

%IM«mate.UM. 

do      acUM 

do      ai,UM 

«•      l>.Moii(.*B«(naB. 

«o    ai,A]>.diaM(.B^- 

4o      tt of  UN.. 

4rk*nM<  to,  foaded.  .^.  -  ■  ■  ■■■■ 
do  ■•.!-«-• '»!»,■'? 
do  li.  MnnpWi.  *  L-  »■ 
do        7«.L.B-.T.B.*S.O 

do       It, Ark. Cent. B.  ... 

IMIfonUTa ..■■■  

«^l*rt*  bond*..  ... 


do        *.» 


_••»  bond*.  , 
do  1».«»do«»od...., 
do       XfOld  bond*.., 

I>il>B*M 

lUUoInd*  conpoo.  UTt... 
do  do      jn... 

«•      WarkMB. ■ 

Keatocky  li.. 
Lo« 


do  new.bon/l* 

do  new  Boatlnc  d«M 

U,  rcBlWntluT" 


do 


*•  5:»" 


I9B.. 
.01  UW.. 


d«     *» 


r£WS.^«^ 


w*. 


MS 


M 

iih 


•KOTtBITin. 


Mh 


mx 


tall. 

■M  to  It  Inel. 


■allroad  Bond*. 

(«ae»  Arc*aii«  PrU-tt) 

AlfMj  *  8a>4..  in  bond!. .. 

do  do      »d     do    .... 

do  do      Sd     do    .... 

Boaton,  Butf .  *  Krle.  U(  mort 

do  do  «o»r--- 

Bar.,C.B*pld**  Minn.  IttT*,! 

CtMupeaka  *  Ohio  M,  in  v.. . 

do  do        ex  conp 

Cbteaao  *  Alton  (Inktac  Mao. 

do  do     liimort 

do  do    Incoai* 

Jollel  *  CblciM,  lU  mort 

lyoaUlu*  *  Mo.,  Ut  BU  rw. 
St.  Lo^l.  Jnck.  a  Chic,  Ut  m. 
CMC,  Bo-.  *  t).  t  p.  c.  lit  m  . 
do  do    conaol.  m.  ii 

Chleaico,  Rk.  bland  *  Pielllr 
do         8.  F,  Inc.to.'W 
ObiIhI  of  N.  J..  IM  m.,  new.. 
do      1ft  conaol — 

do     eon.  eoBT 

h  *  Wilkes  U.  con.  c<ur. 
_^  _Mck  A  ImproTe.  bonda. 
]in.*8t.Pao|-  ' 


is 

do 
do 
do 
do 
do 
do 


do 
do 
do 
CMC*  V.I 


I  Ut  m.  ••,  P.  D. . 
^o  lite  do. 
T>,(Old,B.D. 
Utni..LaC.D. 
Utm.I.«MJ). 
Ut  m.  I.  •  O.. 
Ut  m.  H.  *  D. 
Utm.C.AM. 
IM  Conaol.  .. 
1dm.  do  .. 
ra*lanatak.fad. 


ai>a  **». 
lataaet.  . 

ep.«M.bda 


vrr. 
wa. 


aarUat^ 

.*u.jo,^:i^x^       ... 
S    S  sSii>vi«' 

■kwTafkBonanrl'eaa.rac     i'^    - 

da  lo         coor 

do        (a.  Canal  Loaa,  ur-. 

s    s:    do 

do        (a,        ie 
do        !^■«•*'Sl^ 

ft    S:  S  S»:: 

do  ta,  da      do  ..l«l. 

do  la,  do      do  ..ua. 

do  It,  do      do  ..m. 

Hortt  CaraMMia.  oM.  J. «  J.. 

da  A.*Q.. 

do  ».C.ilM....J.ai.. 

do  da        ....A.*0.. 

do  dacoapoirj.*  J.. 

do  do  da  offJt.*0. 


ft  •^do'--asi; 

do  do      Claaat. 

'g'ftg:::::::;::::.::;:::; 
fiS^StSiih^;:":::::::: 

do      Jaa.*Mr 

I  pl^M 

ft     »Qitf^iimi\oSi. 

T— aiaiali  ml       

do      do  taeoapoo.^^. 
do      do      Aoavaana* 

tS  •aaaoTldtar 


I3.H 


m:. 

U*l.. 


iJis 


SJ 


at 
w 


UM 


"X 


Tnwt  MMDaad,  Itt 
'-'<'    >i*Cblea(0 

•  alt, m  aort., ■•■*-.. 

'.u..^:j>*  St.  PNaf«,l«tBOT« 

do  do  Sdaort.. 

O..C..C.*  Ua'a.Itta.la.S.r 

do         Coatol.  m  "^  — 

Dal.,  Lack.*  Wi 

do 

Morrit* 

do 


BM. 


106k 


IM 


III 


tacutiTiM. 


Tol.  *  Wabaab,  Ut  m.  eilend 
,,  •  o  do        Ittm.St.L.dlT 

mil!  do  do       admort.. 

II  do  do       equlpm't  bdi. 

I    do  do       con.  convert.. 

Bannlbtl  A  Ntplea,  lat  mori... 

Great  Weatern,  Ut  mort.,  1188 

do  U  mort.,  UK. 


:  QnlncT  *  Tolado.  lat  mort.  1890 

niUloU  *  So.  Iowa.  lat  mort.. 

Lafarene.  Bl^n  *  Mlaa.,  lat  m. 
.  Han.  *  Central  MlaaonrI,  lat  m, 
1  I*aldn4Jncoln  it  Decatnr,  lat  m 
LCIn.,  Lafavette  ft  Chic.,  latm 

Del.  *  Bndaon  Canal,  lat  m.,  11 


ll«X 


do 
do 


liix    '■' 

MW>.     .... 


**H 


•IM 


«H 


Ml 


do    Sd   do     1l,IM|. 

do    Mkio     XlK 

do    Mk  S     XMS..  .  ^^. 

Ran.  *  St.  Jo.  laad  ■Mu!^. : 

do         da    ta,  coaa.  aaort. . . 

Soba^o*  *  Sloaz  CNf ,  lat  m. . 

do  do         Sddl*. 


do 
do 

'•on* 

Soalh  Side,  L.  1.,  lat  m.  bonda. 

Weatem  UnlonTel.,  lat  m.  7 

JIIIne«llaaenna  Llat. 

t  Broker •'  QuotaUoiu.y 

riTlaa. 

Albanjr.N.  Y.,«a 

Hnffalo  Water 

ao      Park 

Cbioaco  ta,  long  dataa 

So      Ta,aewerac«. 
o      'a.  water 

do      la,  rtTrrlmproTemenl 

do       <t,  Tarlona 

C1anlaBd;a..     

Datrolt  Water  WorkaTa 

■Iliahath  City,  doe  *>» 

Rartfordto .'.V.V.".'..! 

Indtanapolla  t-Sa 

HawarkClty7a 

Oawaso 

Pooahkeeptl*  Watar 

Rocleaier  City  Water  bdt.,  1* 

Toledo  :-M..; 

Tonker*  Water, doe  IMi  ...    . 

»All.anAli#, 

Alcklaon  •  P.  Peak,  «a.  rold. . . 
AUaalie  *  PadOc  U  O.  b,  (Id. 
AlckltoB  *  KebrMka.  i  p.  c. 
Bar.  *  Mo.  RlT,.Uad  m.  'Tt.. . 


Bid. 


tu 

i«k 


IM 
M 

M% 
lOOt 

{04H 


K 


do 

dJ 


(.aaada  Soatbem  Ut  la, 

riwail  radsc  >,  com. 

OhMI  of  Iowa  laTm.  1 


Ids,  do 
*dS.,do  9a.... 
do  te        «th8.,doaa... 

i .-:..;    do  do       *iba„doit... 

"^       do  do       MbiZdola 

>i<>r.,C.  ^*  M.  m.  dlT.>,  a.  7a; 
' 'o  *  PaHon,  Ut  la,  (Old  . . 
irorBiaPacKK.  7a,  (oM... 
do  *a,9<lm..( 

7a,  (Old.. 
M.conT.. 
i       I*.  (Old, 
do     3d  a.  7a,  (old 
•  ei.  Paoia... 

*  Bur.M 

^^   rU  *Han.a 

Q.l».  A^oa  R.  Valley  la 
Qatacy  *  Wtraaw  a. . . . 
I]|tDOI|.OrBnd  Tmnk 

*Towa&.a..., 

daCaatraTa,.... 

ij  ■  ■  1 1  !^l&  •  Slkwea^am  n,  (Bar , 

**Xi ;rkia|iiki*  O. *4 a.  (Old 

CoLAHodk.  T.  lat  7a.  J  yaa 

IM  7t.  M  year* 


» 

IW 
IM 
IM 

iiS 
» 

a" 
i«K 


■Iw 


^.  IM 


a  104 
a,lO< 


.i&cr 


law  Jaaaj  •aSan.  tai  ir 

_   *t  _*•    coaaoi     . 

ft     l&r^- 

larlaa.  lat  aoft.  7a.  eoap 
do         do  re(,. 

.Bonk  Mlaaovfl.  tat  mort. 


•lii  ifc    ft 

,  **)*,  cSioHO.Clpitoa  _  . 

MCkir*  6n,  ftoack.  lata.  (.7* 
arD.*Vn.dhr..  lat  a.  (77*, 
I  CkM,  Dan V.  *  yiaoaa-*  7a.  (l4 

I  Uaaaaaltaat Valln ta 

<oBn««tl'ut  Waaura lat 7;. ,, 

'*ia*i 

■I  Mcaar 

-a  in. a. 

<•  M.  lata.la 
lo    »t  a.  B 

iblaT* 

«o7d ,. 

IV  \j  ralld*  7a.  (Old. 

'KvtaaTiite  a  CraNrrord*T„7a. , 
Krle  a  PIttakvclMTt 


IT 

Ii. 

m 

m 

i4i" 

tW 

114 
lllh 

UJ.v. 

i«" 

i;5» 

IWX 


107 
1«T 

I04\ 
I04V 
KM! 

lOBK 
IMK 

97 

90 
IM 
HS 
IM 
101 
l« 
IM 
MS 
IM 

to 

4S 

Kl 


aac-CKiTisa. 


N.  Y.  *  Otw.  Mid.  lat  7b,  (Old. 
do  do        2d  7i,  conT. 

NortI .  P»c  ut  ra.  gold  7  S-lUt.. 
'rniat  a  &  Snuthwpalem  Kit.  n 

OewriEO*  Iiome7B, Kiiar 

Peoria,  Pekln  *  J.  Itt  mort. . .. 

Peoria  ft  Iluck  1. 7a,  gold 

Port  Huron  ftl,.M.i>.gld, end 
Pullman  Palace  Car  Co.  alock. 
do       bda,  8*,  4th  aerlea 


Rockf -d,  R.  I.  ft  si.  L.  Ut.7a,gld 

-      -        ft  I  -         - 

X' 
Soattaern  Minn,  conatruc,  8a.. 


Rolidout  ft  08«'eyo  7a,  gold.. 


Sloin  CltT  ft  Paclflc  6a. . . . 


ego 


R£»Fl.w'.*aIle.,laln!   • 


do 
at.  Jo.  ft  C.  Bl.  lat  mort.  lOa... 

do         do  8  p.  c. 

St.  Jo.  ft  Den.  C.  8a,  gid,  W,  D. 

do  do     e*.  Kid,  E.  D.. 

Sandntky.Mana.  ft  Newark 7a. 
St.  Loula,  Vandalla  ft  T.  H.  lat. 

do  do  2d,  guar. 

St.  L.  ft  So'eaatern  Ut  ~t,  gold. 
St.  L.  ft  1.  Mt.  lArk.llr.)  ,a,g 
Southern  Central  of  S.  V.  7a.. 

Union  ft  Logansporl's 

Onion  Pacltlc,  So.  branch,  Ca,g 

Walklll  Vallejr  lit  7b,  goM 

Weat  Wisconsin  7a,  gold 

Wtaconaln  Valley  8a 

Sontbern  aecnrltlco. 

Broker**  ^hoOiuoiim:, 
tTATia. 

Lonlalan*  new  conaol.  7a 

Sunih  Carolina  new  conaol,  a. 

Tcxu  State  6a. ',877 

do       a,  1891.1 

do        7a,(ald 

do     ia,or  ias4 

do      lOa,  penalon 


19 

iik 
to 

90 
70 
49 

to 

91 
» 
10 
40 
56 
(5 
71 
80 

ii" 

90 

as 

■5 

w" 

70 


Aak 

20 
4W 
I5X 
l« 
100 
7S 

is" 

9* 

M 

14 


I»X 


;laaMa*«liMi 
do  # 

do  S 


Clrrt.*Pnii 


do 
do 


n!U.aaaaol.a. 


.Utlr 
»4n>M 
tdm'.r 

'l.a.faaa. 


Co..^Cka.*llMy>.g 

Kome,  WM«r1*n  *  fV 
St.  L.*  Imn  Moniiui 


»% 

»i  : 

....:  M 

IM 

■H 

N 

fk 

l«l< 

M 

Mh 

m 

W 

M 

V 

H 

inis  ItH    II 

.       iwa 

MX    44 

1.1 

»> 

>o9^  *  )R.  Loala  7t . . . . 

V  III.  Xorth.  Ial7t,g. 

aliTakat)  lat  g.    . 

/.  ■.  eoar.a 

;.«j>alasftSag.a.... 

'~.7a,asteBBlon,(old 

}B.Uad  graai.gid. 


1i,  do  aewgld 
C.M,JaBe*0*c 
da.  So  Feb.  ft  Ana 

iBcorow,  Ko.  II... 
do       Bo.  10... 

Mock 

blaaaaoo  ft  Sooth  II.  ta.gaai 
■al.,  AllMlaa.  ft  u .  It.  a^iuar 
Kaataa  Clly  ft  Cameroa  in. . . 


..TcorUft  VSaisaa 
do  do 


e  PtnCBOBBUIa  Ceal' 


II.... 
•In  B-ir.  IMt.I  .. 

ft  SSS&f :: 


...  c.  St:  Jo.  ft  c.  B.a  o( « 
do     do         do  a  of  *n 

KaokakftD*tMolnealtt7a...  . 
do  lat  man,  ()et.,'7«  7»t 
do  famled  Int.  a'  HK 

do  pref.  atoek...!  to 

L.  Oat.  BkoraRR.  lat  m.  (Id  7I.|  ^. 
Uir.  Sao.  41  Mlaa.  lat  7a,  (old.   8 
.aW4|I.  W.7a,(n»r..l*0 
.  Law.  ft  Oal.  Ut  m.,  lOa..  I  18 
.•,t»Bw.fts.  w.a.gld.' 

■:«a  AlrLtacu W 

I'cIIoA  I".  JerTl«;«.gold    ... 

lair  l»t  Tijgold ... 

Kanua  ft  felM        (Old..'  EU 

; .  r  >  s.  ft  bull  lain.  ID*.  M 
do   Mm." 


....  \.  lUv-n.  MIddlet'n  *  W.tl. 
..  iiN.  J.MMI«dlat7a,aoM..... 
....''      da  ld7a..... 


oiTiaa. 

Atlanta,  Oa.,  7a 

do       a 

Angaata.  Oa.,  7»,  bonda 

Cbarlaalan  atoek  to 

Ckarlatton.  8.  C,  7a,  P.  L.  bda 

Coliiabu,8.  C.,to 

Oolmnboa,  lit.,  7i,  bouda 

Incbborgto    

Maooa  7*,  bonda 

Manphlaold  boDda.ta , 

do      aewboBda,to 

do      end.,  M.ftC.BB.  .., 

Mobile  a.(Goapa.on> 

do     a,(coopa.  OB) 

Montgomery  8*.  

NaahTlllato.oM 

do       to,Bew 

Xawotlaaaato 

fto  conaol.  ta 

do  bond*,  7a 

do  gold  7*.  qnarurly 

do  la.  .   

do  to  r*llraad*,ta.° 

Norfolk  to 

Prteraburg  to. 

KIchmood  to 

Savannah 7a, old  ... 

do       7»,  new 

WllinlO(ton,  N,C..to,(Old,. 
do  do     a,  gold... 

BAiLaoaD*. 
Alt.  ft  Chatl.  lat  m.  8a.,  end... 
Ala.  ft  Tenn.  R.  Ut  inorL  7a.. 
do         do_       3d  mort, 7f... 

'7,oonaol 

and.  Baraa'b. 

■lock. 

_  do    gaar. 

Carolina  rrnml  tti  m.Ia,  g. 
Central  tieurgU  conaol,  m.  7 

do  atoek 

Charletu  Col.  ft  A.  Ut  M.  7a. 

do  do       Block 

Cbarleatoa  ft  Savannah  te,  end 
■atranaah  ft  irhar.  ibi  m.  7b 
Cberawft  Darlington 7a... 

Baal  Tenn.  ft  Oeorglito 

lat  Tend,  ft  Va.  to.  end.  Tenn 
i.  Tenn.  Va.  ft  Oa.  Ut  m.  7i.. 

do  do        atoek 

Oaorgte  tm.U 

do  atoek 

Oreenrllleft  Col.  7a,  goar 

do  do    7a,cmlf.,. 

Macon  ft  nmnawlck  end.  7a.. 

Macoa  ft  Augoata  bonda 

do  da      andoraed... 

io  do      atoek „.. 

MaapftlaftUkarlaaton  latTi..   a 

do  do  2d7a...    W. 

do  do         atoek  .     1 

Manphts  ft  Lliile  Hock  ut  m.. 

Mlnftilppl Central  Itt  ro. 7a., .    70 

do  *dn. a....   91 

MMatlpplftTeiui.Utin.7t..    80 

do  do    conaol.  to.    90 

MoBwomery  ft  Wnt  P.  ut  a.   90 

do  do  Income 

Mont,  ft  EnfBBl*  Ut  a,  (,  end.   It 

Mublleft  Mont.  a,(old,eBd..    40 

Meklla  *  Olilu  BlerlTug 

do  do      do    e*  certlf 

do  do  to,  Intereat 91 

do  do   2d  mort.  to 10.. 

ap  do  atoek 

M.  Orfaan*  ft  Jacks.  iBt  m B 

do  do    certlf's  6a..    76 

H.  Orleana  ft  Opelooa.  Ut  m.  to 
Naahallleft  Chalitnoogato.,. 
NorfolkA  Peterabaig  Utm.to 
do  do  r 

do  do         Id  a.  I 

Borthetatem,  B.  C,  Ut  m.  a, 
do  9dm,  a... 

Oraage  ft  Alciandrl*.  lata.ta., 
do  do  2da,  to. 

do  do  ids,  ta, 

do  do         4lh*,a. 

Rfoim'd  ft  Pelerab'g  lat  m,  7*, 
i.j  Fra'ktb'g  ft  Poto.  ta. . . . 
do  do  eon».7B 

Rich,  ftlltnv.  I Bt  conaol.  to... 
Sitalhwest  ICIt.  Ua  ,  Ist  m. 
S.I>rulliiaKR.  Nliii.  7b,  na 

1        do  to 

I        do  7b 

I        do  Block 

Wat  Alabama  Ha,  guar 

'        paar  itca  ooDPoaa, 
Taunetaee  suia  eonpon*,.. 

Virginia  coupon*,  „  

do      oo8*ol,  coap 

ManpkltClty  coupon*. 


OS 

(0 
M 
» 
lOU 

IM 


M 
M 
43 
71 

io' 

80 
79 
97 
W 

90 

m 

40 
"> 
•0 
97 
70 
M 
80 
100 
71 
54 

a 

M 

M 
H 
IS 

H 
99 
9 

a 

09 
94 

90 

u 

97 

W 

at 

47 

47 


IS 

9 
90 
II 
II 
II 


346 


THE   CHItONICLE 


rOctober  9.  Ifc75. 


NEW  YORK  LOCAL  SKO[Jtt[T[ES. 


Bank  Stock  Lint. 


COMPANIKS. 

Marked  tliui  (•) 

DOtNatlODM. 


America' 

Americas  £xcliuige. 

Bowery 

Broadway 

Ball's  Head* 

Butchera  *  Orovera . . 

Central 

Cbatham * 

Chemical 

Cltitens' 

City.. 

Commerce 

Continental 

Corn  Bxchanve* 

Carrencv 

Dry  Good** 

Bast  Hlver 

Kleventh  Ward* 

Firth 

First 

Fourth  

Fulton 

Oallatln 

Oermnn  American*.. 
German  ExchaQKe*.. 

Oe.'inanta*  

Greenwich* 

Grnn  1  Central' 

Grocers* 

Hanover 

Harlem* 

Importers'  A  Traders'. 

[rvln(t 

Island  City  

Lt^ather  Nfanufactm... 

Loaners'*       

Manufc.trers'ft  Build.* 

Manhattan* 

Mannl  ft  Merchants*. 

Marine 

Market 

Mechanics  

Mech.  Bkg  AsBO'tlon.. 
Mechanics  A  Traders.. 

Mercantile 

Herchants 

Merchants' Ex 

Metropolis*  

Metropolitan 

Morr»y  Hill*  

Nassau* 

New  Ifork 

New  Vork  County 

N  Y.Nat. Exchange.. 
N  Y.  Gold  Exchange' 

Ninth 

Nort'i  America* 

North  River* 

Oriental* 

Pactflo* 

Park 

Peoples* 

Phenlx 

Produce* 

Republic 

8t.  Nicholas 

Seyenth  Ward 

Second 

Shoe  and  Leather 

sixth  

State  olNew  7ork... 

Tenth 

Third 

Tra  Jesmen'8 

ITnlon 

West  Side* 


Insnranee  Stock  LUt. 


CAPITii. 


Par 

ibo 

lUU 

100 

le 

10 
25 

100 
^5 

100 

■a 

lOU 
100 
lOU 
lOU 
lOU 
lOU 

■a 

3S 
IIX) 

lUO 
100 
9U 
50 
100 

:uu 

100 
25 

2.1 
40 
100 
100 
100 
30 
50 
100 
lOU 
100 
50 
lOO 
10,1 
UK 
25 
50 
2.'i 
100 
50 
5" 
100 
100 
lOO 
\W 
M 
ino 
100 
100 
lOO 
100 

so 

25 

90 
101 
25 
10 

in, 

100 
100 
100 
lOO 
100 

;iio 

100 
lOo 
lOO 
40 
50 
im 


Amount 


3.0nO.0«i 

5.000,000 

230  UUO 

1,00-s  ((I 

2oejoo 

800.010 
2,000,000 
450,000 
800,1100 
ftii.OUC 

i.ooo.oui 

10,000,000 

1,500,00(' 

l,0uO0OO 

100,0011 

1,000,000 

980,000 

.^aX),000 

I!0.00( 

500  00 

^000.000 

'  'taifiOii 

1  500.00( 
1  000.000 
'2iO,i««' 
20o,00i 
2(»',000 
lOO.UX) 
300.«<J 

1  000,1 «' 
100,000 

150",' 01' 
VIO.OOO 
10 1,01 0 
600.000 
.■Wl.lOu 
4  0,000 

2  050  .UIO 
300,000 
400.000 

i,'<«.oix; 
s.ooo.owi 

500.000 

eoo.iiiKi 
i.ono.ooo 

3..  OO.OtT 
1,I100.0(X. 

500,000 
4.000.000 

3:».00(' 
1,000,000 

s.ooo.cai 

200,000 

500,1 '<<l 

5(«1.000 

1.5HI,0i0 

1,000,000 

100.0^ 

300,000 
42J  70 

•2,000.000 
4:2.500 

1,800  000 

■atjm 

2,000.00(1 
1,000,000 

300,000 

300.000 
1,0110,000 

200  000 
2,000,0'  0 
1,000.0«1 
1.1 00.000 
1,000.00 
1.500,1100 

200  .oor 


DiTIDBMDS. 


Periods. 


J.  ft  J. 
M.ftN. 
J.  ft  J. 
.I.ft  J. 

(J-J. 
.I.ft  J. 
J.  ft  J. 
J.  ft  J. 
;v.  2  mos 
J.  ft  J. 

Q-F. 
,):*  J. 
J.  ft  J. 
F.ftA. 
J.  ft  J. 
J.ftJ. 
J.  ft  J. 
J.  ft  J. 

.1.4  J. 
M.ftN. 
A. ft  O. 
F.ft  A. 
M.ftN. 
M.&v. 
M.ftN, 
M.ftN. 
J.  ft  J. 
I.ft  J. 
M.ftS. 
J.  ft  J. 
J.  ft  J. 

j.'ft'.i. 

K.ftA. 
J.  ft  J. 
F.ftA 
J.  ft  J. 
J.  ft  J. 
.I.ft  J. 
.I.ft  J. 
M.ftN. 
M.ftN. 
M.ftN. 
.I.ft  J. 
.I.ft  J. 
.I.ft  J. 
J.  ft  J. 
A.ftO. 
M.ftN. 
.I.ft  J. 
,I.&.J. 
.I.ft  J. 
J.  ft  J. 
J. ft  J. 
J.  ft  J. 
.I.ft. I. 
J.  ft. I. 
Q-F. 
.I.ft  , I. 
.1 .  ft  .1 . 
J    &J. 

F.ftA. 
F.ftA. 
J.  ft  J. 
J.  ft  J. 
J.  ft  J. 
J.  ft  J 
M.ftN. 
J.  ft  J. 
J.ft.l. 
J.ft  .1. 
M.ftN. 
I.ft,). 


187S 


12 
12 
12 

10 

7 


7 
It 
14 

»i 
11  2-3 

8 

8 

7 
10 
20 

'io' 
a 

8 
14 
10 

|« 

10 

'ii' 

10 
'.0 

7X 
10 

I 

8 

4 


Jolyl.TS.. 
May  1,75.. 
Jnlv  1. 15.. 


8 

8 

7 
12 
12 
12 
10 

7 

3H 


12 
12 

8 

8 

2H 

8 
10 
10 


Last  Paid. 


,6 

4 

.         -• 

.lulT  ■.■75.. 12 
Svpt.  t.  •75,.S 
J.ily  1,'T5...8 
•luly  1,15...4 
lu  VI. '75.. .5 
S.pt.  I.li.U 
July  1.TS...4 
'JiiK.2.'75...6 
oly«.  7S..-4 
Jlj  «.'75...4 
Auif.i.  T5,..5 
.Jtlljrl,'74...4 
Julio,"?!...? 
lu  y  1,'75...4 
Inly  I.  7^3X 
July  i, 711. 2H 
Julyl.  J5....'; 
■  ly  1.  "■■■..  4 
Way  1,  '75..-' 
9.  7.1.. 4 
Feb.l,  •7t...3 
May  I,  74... •. 
M»y,  i.73..  C 
May  1,75..  11 

j'u'yY,'75.'.'.6 
July  I  '75..  4 
Mc(..l,';5..4 
.Inly  1, -75... 7 
July  1,  "73... s 

Snij  i'.-TS.'.'.b 
Feb.l^.74»^ 
Ja,  .10,75. .4 
AnK.l'i,75..S 
luiyl,'7.i..Ss 
Mvl,'75...5 
Inl'  1,75... 4 
Inly  1. '75... 5 
May  1.7V...3 
M-y  1.75.  ..5 
Mav  i,'75  .4 
luly  1. '75... 4 
July  I  75... 4 
lulyt,';5  3>« 
J0IJ«,75  ..5 
Alii  1,';5.  .4 
vlayl.  .75..4 
Inly  I. '75.. .5 
luly  1,'73...-, 
Inly  1,7.3.8), 
May.  73... 6 
Jai.  2.  •73...4 
Julvl.'75 
Julyl,74.8X 
JulTI.'75.  ■ 
Aui,.2,75...3 
In  y  1.'75...6 
I  ly  1.'75...5 
July  I.75.3X 
JnlJl8,'T4.;), 
Feb.  «,  75.  5 
Aiilr.S,  75. .4 
July  I, '75. ..8 
July  1.75..  .7 
Ju  y  1,75.. .6 
Julvl,'75...4 
av  10.75..  4 
Jan.S7l.2Kg 
.In  T  I.75-.  4 
July  '.,7.3....^ 
M  y  1.73... 5 
July  I,  ■■a... 4 


Pbiox. 


IJHV 


800 
12U( 


Hit 


lOOV 


123 
>l 


fQnntatlnns  hv  K.  H.  Ii>hkt.  broker,  <5  Wall  street,') 


COMPANIXt, 


100 


•2C0 


125 
lJ3>i 


ISO 


141V 


110 
81 


Gas   and  City  R.K.  Stocks  anil  Bonds. 

[Quotations  by  Charles  Otis,  Broker,  «  Exchange  Place.  I 


Gab  Compakiks. 

Par 

~S5 
20 

Amount. 

Periods 

1 

1 

5 
5 
5 

■7" 
SH 
4 

7 
5 

i" 
t 

Last 
diTiuend. 

Bid. 

243 

Aska 

2,000,000 
l,'2O0,00O 

300."!  ■0 
1,850,000 

386,000 
4,000,000 
■>,  00.000 
1  KiO.OOO 

500,0110 

ATft  0. 

f.ft  A. 

J.ft  J. 
J.ft  J. 

M  ft  8. 
M.  ft  S 
J.ft  J. 

July,    7R 

«  Ct         '73 

250 

Citizens' Gas  Co  iBkljn 

do           certincates 

50 
20 
50 
100 

\.ig.,    75. 
.Inly.    75. 
July.  'i5. 
Sept  20,-T5 

300 
105 

Manhattan 

M-tropoUtan 

do          certlOcates 

do          b  n  .s 

Mntual.N.  T 

100 

5  000,000 

Jn  T.    '75 

July, '73 

lOT 
iSO 
102Sf 

"ioik 

96 
100 

Nassau.  Brooklyn 

•25 

ii'o 

10 

■56 

1,000.000 

500,000 

4.000,000 

1,000,000 

300,000 

416.OOO 

M.ftv'.' 
Q-F. 
M.ftg. 
F.ftA. 

NewTork    

People's  (Brooklyn) 

ilo            do       bonds 

Westchester  County 

May     7.3, 
July,    '75 

jdiy","'75'. 

;f5 

105 

"ios" 

•.;!.  00'  J.  ft  J. 
1,000,0001  J.ft  J. 

1  000.000  1  J.*  J. 

WUltainsburg 

(In              ao..ln 

50 

5    |juiy,  *73 

iso  r.;.!!. 

i02b<l 

Adriatic 

uEtna 

American 

American  Excb'e.. 

Amiiy 

Arctic  

Atlantic 

Bowery 

Brewers'  ft  Mlst'rs 

Broaiway 

Brooklyn ',  . 

Citizens* 

City 

Clinton 

Columbia 

1  omnierce  Fire 

Commercial 

Continental.,,,.... 

Kaijle  

Empire  City 

E  '  porlnm 

Kxc  aPKC 

FrtrraKUt 

Firemen's  

Firemen's  Fund 

Firemen's  Trust... 

Gebhard 

German- American 

Germanla 

Globe 

Greenwich 

Guaranty  

Guardian 

Hamilton 

Hanover 

HoflYnan 

Home 

Hope 

Howard 

Impoi  ters'&Trad.. 

lr\liiK 

Jefforson 

Kings  Co.  (Bklyn) 
Knickerbocker... 
Lafayette  (B'klyn) 

Lamar..    ', 

Lenox    

LonK  lsland(Bkly 

Lorlllard    

Manut  ft  Builders 

Manhatta.' 

Mech.ft'l'rad'rs'... 
Mi-c-lianlcs'CBkljn) 

Mercantile 

Merchants'  

Metropolitan 

Montauk  (n'klvni 
Nassan  (B'klyn).. 

National 

N.  T.  Equitable... 
New  York  Fire  .. 
N.  T.  ft  ionkers.. 

NlaL-ara  

North  Elver 

Paclflo 

Park  

Peter  Cooper.  .... 

People's 

Phenix  (B'kKni  .. 
Produce  Exchange 

Relief 

Republic 

Klogewood 

Kesoiute 

Rutgers' 

Salecuard 

St.Nlclioiaa 

Standard 

Star 

Sterling 

STuvvesant 

.  Tradesmen's 

I  rnlted  states  

W"srclie"ti*r 

Wllllnmsbnre  ntv. 


»  iiv,-r  lii'  Miiii'illle«.  llicln.liiii;  re-ii«u  ar iraiiilHl  n • -.<  'i. 

t  Stock  dividends  of  25  per  cent  by  the  Hanover  an-l  Westchester,  21  per  cent 
by  the  Home,  and  ;sx  per  cent  by  the  St.  NlchuLis,  have  since  been  declared  oat 
of  above  net  surplus. 

CStr  Securities. 

[(^notations  by  Dathil  a.  Mokan.  Broker,  40  Wall  street.] 


Ii.,n<JI*,al    Lil.iK  r  UitUllfKTIy — BlUl.1! 

Ist  mortgage . . . . , 

Broadway  tt  Seventh  ..4 tie— stock 

Iflt  mortgage 

Brooklyn  Oiti^ — stock 

1st  mortgage 

Bro'Ulwau  tarookit/n)— stock 

Brooklim  ,fc  Hunter's  Pt — stock... 

1st  mortgage  bon  Is 

\Mntral  /'*.  iV.  <fc  S. Rivei — stock 

'St  mortgage 

id        do         

Ckri^topher  dlentfi  .V(r«e(— stock 
V  ^neulxland  ,£  flfooit'n— ist  mort 
Urn  Dock,  E.  B.  tt  Balt«ri/—ttoKk 

Istmorteage  cons'd 

ittjhth  Ip^nwe— stock 

Ist  mortitage 

i'idSt.  (ft  tfratid  iSr /firry— stock.. 

1st  mortsrage 

Centrti I  Crons  3ouin-  stock.  . 

1st  mortgage 

Mntk  v4(Je/i««— stocK 

iRt  mortgage ... 

Secondi  APentte—stock     

1st  inortrage 

•2(t  mortgage 

3d  mortKa«;e 

Cass.  Convertible 

:itjtt^  Arfeii'te    stock 

1st  mortfagA 

IWr^t  /l»e«««— stock 

Ist  mortgage 

t'l'-mif-thira  Sireet—tlocie. . . 

Ist '.  «->»»».. 


lUl' 

lOOO 
lOO 

lOOC 
•.0 

1000 
100 

:i»i 

1000 
100 
lOOO 

1000 

1000 
100 

ioo 

1000 
100 
1000 


IOO 
1000 

so 

<00< 
10  0 
lOOC 
lOOP 

100 
10  V 

101 
100(1 

\a 

lint 


auu.iMi' 

614,000 

2,100,00(1 

1,600,000 

2,000,000 
300,000 
•200,01 -O 
40 1,000 
8liO,UIO 

1.161,000 
550.000 
600.01 'I' 
630  OHI 
3117.000 

1.200.000 
900.000 

ifiOOJOOO 
'203,000 
750,000 
2J0,000 
560,000 
200,000 
7»7,0OO 
167,000 

!,c  99,100 
850.000 
200.000 
150,000 
3''V00 
750.001 
2.3O.000 

2,f 4)0,1100 

2,000,000 
600,0011 
V20.000 


J.&J. 
J.  ft  J. 
J.ftD. 
Q-F. 
J?*  J. 
J.ft  J. 


J.ft  , 


F.ftA. 
M.ftN. 


J.ft  J. 
Q  F. 
J?*D 
J.ft  ->. 
J.ft  J. 
M.ft-N. 
A.ftO. 


1882 
1890 


1877 
May,  75 


Jnly,75 


J.ft  J. 

Q.-F. 
J.ftD. 
F.ftA. 
A.ftO. 
M.ftN. 
M.ftN. 
J.ft  J. 
Q-F. 
J.ftJ. 
J  ft  J. 
M  ftN. 


1880 
July,  7! 

1^ 
May.76 

18T2 
.Tuly.';^ 
0  1.., '-.B 

18S8 


My 

18- 


'75 


71 
92X 

102" 

160 
63 

1!5 


92>.. 
155 
100 


72X 


100 
CO 

73 


Oct.. 75 

1877 

1876 

1885 

1888 
May.75 

1890 
May,  '75 

1-190 
Jaly.TS 


too 
ISO 


I  100 


WSuit  iMiutnu  anuws  iwi  diviuena  uu  uoekii  kUo  dsts  of  mauulty  o(  tondi. 


New  York: 

Water  stock 1841-63. 

do        1H54-57. 

Croton  water  stock..  1845-51. 

do  do        ..185'2-liO, 

Croton  Aqued'ct  stock.  1865 

do       pipes  and  mains 

do       reservoir  bonds 

Central  Park  bonds.  .1853-57 
do        do        ..18,33-65. 

Dock  bonds 1852. 

do        1870 

do        1'75. 

Floating  debt  stock 18(0. 

Market  stock 186B-88. 

Boldlers'ald  fund 1863. 

do  'Io      1863. 

Improvement  stock 1869 

do  1.0      ....1869. 

Consoll.lateo  bonds var. 

Street  imp.  stock var. 

do         do        var. 

N  w  <'ons  lldatcd 

We, t' heater  County 

Jemeu  {Ml/: 

Waterloan 1852-67. 

d')      long 

do       1869-71 

Sewerage  bondi 1866-69. 

Assessment  bonds, , .  187(»-71 . 
ImproveiU' nt  bonds    . 

Bergen  bonds 1868-69. 

Brooklyn    (Quotations  liy  N. 
Local  Improvement — 

CItv  bonds 

du        

Parkbonris 

Water  loan  bonds 

Bcligebonds 

Wrtler  loan    

City  bonds    

Kings  Co.  bonds 

do         do    

A'l  BiMolrlyn  b"nds  flat. 


6g. 


Months  Payable. 


Feb.,  May  Aug.ftNoT. 
do  do 

do  do 

do  do 

do  do 

May  ft  November. 

Feb., May  Aug.ftNov. 

do  do 

do  do 

do  do 

May  ft  November. 


Feb.,May,  Ang.ft  Nov 
May  ft  Novcn^er. 
do  dc 

do  do 

do  do 

do  do 

do  do 

do  do 

do  do 


January  ft  July. 

January  ft  July. 

do  do 

Jan.,  May,  .Inly  A  Nov. 


Bottdsdue. 


January  and  Jnlv. 
BKBRs.Jr,,  broker,  2>i 

January  ft  July, 
do  uu 

do  rio 

do  do 

do  do 

00  do 

do  do 

Hay  ft  November. 
Qo  do 


1875-80 
1875-79 

1890 
1883-90 
1884-1911 
1884-1900 

I9(r7-ii 

1875-98 
187.3-95 

1876 

1901 

1905 

1878 
1894-97 
1873-75 

1876 

1889 
1879-90 

1901 

1888 
187?Ma 

1HI6 

1891 

1877 

1895 

1899-1902 

1376-79 

1S76-11 

:oo5 

18'.6-190n 
Wall  St.] 


96 
101 

96 

:i2H 
102  >, 
•.09 

mn 

9< 

102K 
97 
103 
102  k 
IIUS, 
107 
112 
'■01 
10!), 
101 

ir) 

ll'2H 
•10 
1  2 
106 


10! 
102 

in-! 
wy 

1U2 


1875-80 

1(2 

18«l-95 

uw 

1915-2« 

no 

1903 

•.!0V 

1915 

1.10 

1902-1!105 

;ia 

1881-95 

11 

1880-08 

11  • 

im-80 

loUX 

97 
101 
(■7 
108 
108 
110 
108 
97 
108 
».-iH 
110 
108 
lOS 
110 
U12X 
IIS 
103 
108 
113 
OS 
ins 
IIS 

m 

98 

97 
108 
102 
104 

im 

lOSH 


104 
US 
IIIX 
112 
111 
104 
02X 
110 
I03H 


October  9,  1875.] 


TETC   CHRONICLK 


3471 


JiiDcstmcntB 

AND 

STATE,  CITY  AND  CORPORATION  FINANCES. 


The  "  loTe««or»'8oppleaieni"  Is  pubUahed  on  Ibe  iMt  Saturdajr 
of  Mch  month.  *nd  farnUhed  to  all  reguUr  •nbocribere  of   the 


Colnmbus  Clilc«?o  It  Indiana  Central— PennsylTaBla.— The 
eiream»unc«s  of  me  default  of  the  C.  C.  &  I.  C.  lUil'oad  on  Ita 
Bret  mortgage  coDaolidatrd  bond*,  were  referred  to  at  lome  lenttU 
in  ihs  Chboxiclk.M  tlie  time  of  ita  occurrence  in  April  laat.     The 
interest  oo  the  bonds  was  gaaranteeJ  absolutely,  without  regard 
to  the  receipu  of  the  road,  by  the  t«-rms  of  a  lease  made   by  the 
PitUbnrKh   Cincinnati   &   8t.   Louis  Railway,  which    lease   was 
foaranieed   by   the   PennsylvaDia  Raiiroad  Company.     Nothing 
has  been  done  towards  paying  ihe  interest  or  any  part  of  the  reoul> 
and  the  matter  is  bronglit  op  in  a  new  shaDe  now.  bj  a  suit  wbicli 
has  been  commenced  in  the  New  York  Supreme  Court,  by  Mesai- 
Jamea  A.   RooeeTelt  and   Wm.  R.   Fosdick,    reeeivers,  and  also 
aMignees  of  all  the  rigbU  snd  claims  of  the  C.  ('.&  I.  C.  Company, 
against  the  Pennsylvania  Railroad  Company  aa  defendant.    The 
complaint  is  Tery  full,  oecopyiog  23  printed  pagea  of  legal   cap, 
and  rerites  the  lease  and  amended  lease,  aa  also  the  legal  proceed- 
ings which  liave  been  taken  in  the  eoar.a  of  Ohio,   Indiana  and 
Illinois,  and  ends  by  demandiuK  the  payment  of  $001,033  U9  with 
Interest  thereon  from  specified  dates,  being  the  amount  ol  interest 
doe  and  unpaid  oo  the  first  oonsolidated  moitg«ge  bonds  and  prior 
sacliooal  mortgages,  from  Feb.  1875  to  Aog.  1875.    Thia  is  a  direct 
action  against  the  Peno*ylTania  Railroad  for  the  (alfilment  of  its 
guarantee,  and,  whatever  its  result  may  be,  we  sea  no  reason  to 
ehanire  the  opinions  formerly  exprsased  tbal.aaida  from  all  legal 
technicalities,  the  obligation  of  the  Pennsylvania  Railroad  to  pay 
this  interest  seems  to  be  aa  clear  aa  daylight.    The  amended  leaae 
or  cootract  providea  aa  follows:  "The  p«rty  of  the  second  part 
covenants  and  agrees  to  pay  and  apply  the  thirty  per  cent,  belnfr 
the  balance  of  the  ftrors  earnings  of  the  railroad  of  the  party  u' 
the  first  part,  aa  follows :  Fint.  For  the  payment  of  the  eoni  oos 
as  thry  shall  from  time  to  time  mature.    •    e    •    But  if  the  same 
shall  not  be  adequate  to  such  payment  in  fun  to   maj   one  /rar- 
th««  the  mii  party  of    the   seooad    part   will    paj  any  such 
dafldeney  out  of  ita  own  proper  mooeya,  without  charge,  reclama- 
tion or  tobrogallon  therefor."    Acd  thia  agreement  waa  •xeented 
by  the  Pennsylvania  Railroad  aa  one  of  the  ooniraeting   ^rtlee 
A  Urge  lot  ol  theae  boada  were  held  abroad,  and  were  sold  entirely 
on  the  credit  ol  the  Pennsylvania  Railroad,  and  if  such  a  cooiract 
of  guaranty  can  not  be  eolorcsd  by  fr«a«  fUt  boldera  of  coupon 
bonds,  it  is  a  more  rertooa  blow  to  oar  railroad  credit  in  Euro|>e, 
than  the  default  of  many  such  coocema  aa  tha  Rockford   Rock 
laland  *  St.  Louis  Railroad. 

— Mr.  Cbaa.  W.  Hanaler  has  irenitty  ftlH  aa  ameBd«4  bill  o' 
complaint  in  his  action  in  the  U.  H.  Clrcait  Ooarl,  on  b«lialf  of  C. 
C.  and  I.  C.  stock  holders,  to  set  aaida  tha  aoMsded  leaae  aad  ca- 
lorea  the  original  cooiract. 

Brooklya  Bridge.—  ^  meeiiag  of  tha  Diraeton  of  the  New 
York  sod  Bniokiyo  Bridge  Company  «aa  held  this  weak— 
praarat.  Henry  C.  Marpby.  PraaMent ;  Lawreaee  Tiiroure,  J>a 
kina  Van  BcUaick.  James  M.  Moilej.  F.  B.  Thurber  II  C 
Kingaey.  Mr.  Marahal.  U.  W.  Slorum.  Jamee  J.  Strmnabaa! 
Maynr  kunter,  and  Comptroller  Powell.  The  Treasurer's aeeonoi 
for  Ihe  month  ot  Septaniber  abowed  tba  lOUl  iwalpia  for  the 
monlb  to  be  |l(R,51t.  Tbo  KHal  expaadltaiM  were  t'S.ASO.  Tue 
following  statement  of  the  floaocial  toadltloa  of  the  oompanr  ud 
to  the  SOtb  8ept«aber  waa  read :  »~  /     f 

.•«•     ••'••••ea.M<e«aa>«a«aoa***eaa  ^\1lil7SI    00 

■  ■••a    •••■••■••. .aaaeaa. a. a.  ••••••       I^MlifTl    M 

■  ■■.eeaa.e**..    aa -a.... ...•„,,  ,,„  (Sfl^flM   70 

•  a •.  , ■•••      ea**eea»a...»sa,,  .,,.»,,  Iai41     H 

tmia 


"  By  the  terms  of  the  agreement  made  between  you  and  the 
company  at  the  time  of  funding  your  coupons,  the  failure  on  their 
part  to  pay  the  coupon  of  your  first  mortgage  bonds,  due  Oct.  1, 
18'S,  gives  you  the  right  to  sgain  demand  from  Wm.  B.  Fosdick, 
Trustee,  your  four  coupons  held  by  him. 

"  The  Committee  nr^e  you,  on  the  Ist  proz.,  or  immediately 
thereafter,  to  preaeot  your  certificates  of  indebtedness,  or  convert- 
iole  mnrtitage  bonds  received  In  funding,  and  insist  on  return  of 
said  coupons. 

"  Tbe  cerlifieataa  or  bonds  may  he  sent  to  T.  W.  Shannon,  Treas- 
urer, care  ot  National  Trust  Co., 361  Broadway,  New  Tork  City, If 
you  desire  tbe  0<mmittee  to  attend  to  tbe  matter  lor  vou. 

**  The  following  persons  are,  by  tbe  report,  to  tbe  United  States 
Court,  of  Uen.  Anderson.  Receiver,  the  holders  ol  the  fraudulently 
issuHl  chaitel  morti{a);a  bonds,  by  which  the  company  attempted 
to  deprive  you  of  the  equipment  of  the  road  formerly  mortgaged 
to  your  trustees  as  pan  ot  the  security  for  your  traods  : 

K  C.  Bneart,  New  York    $96,000 

A.  T.  Cha-,  one  of  the  PondlDg  Committee,  with  W.  Bailey.  Lang  A 

Co.,  N.-W  Y'irk,  funnrrly  ngeDU  ('>r  the  ule  of  >lie  bonda   for 

reference  to  wb"m  >ee  lnvestij;.itiag  Committee'*  Report,  page  6).  S1,000 
Man  e  Natioiial  Banlc  of  New  Yurk.  J.  U.  iTtab  (Oue  of  your  tra»- 

lee(>,  Crucideot 100.000 

Wm.  B  Meveop,  Borton,  Prnldeot  niobe  Baolc    120,000 

N.  8  B»Dion,  Prealdeat  Cliiciigo  ib  Soatliem  Bailroad,  one  cf  tha 

leased  I  iae* SCOOO 

Jad-on  *  Teaaey,  New  York,  Pmldeat  aad  Tieasorer  0.  D.  *  V. 

HE «U,000 

_ ...  iwoiooo 

Hald  by  Becelvar 64,<0O 

Total |1,000.W)0 

In  aaawerto  this  e'reulsr,  the  Secretary  of  the  company,  Mr. 
O.  E.  Borland,  issued  one,  dated  Sept.  mber  28.  in  which  he  states 
that  the  chattel  mortgairu  was  legally  and  properly  issued  by  and 
with  Ihe  consent  of  prominent  bondlio'ders,  as  the  chattel  prop- 
erty waa  not  eecured  by  ihe  other  i-'O'iga^re:'. 

— Judge  Drummood  tiat  entered  the  following  order  in  the  fore- 
closure suit  of  Fofdick  &  Fis*i,  truMees,  airaiost  this  railroad 
company,  now  pending  in  the  United  Slates  Circuit  Court: 

"On  application  of  lUe  receiver,  upon  petition  filed,  leave  is  given 
him  aa  »nch  receiver  to  make  an  atrreement  lor  tlie  rental  of  the 
road  and  property  of  the  Chicago  and  Southern  Railroad  Company, 
aa  eet  forth  in  said  peiiiiooa  of  tbe  receiver  filed  on  the  21ih  and 
ISlh  ult.  And  oo  petition  of  the  receiver,  this  day  filed,  leave  is 
givea  him  to  arrange  with  tbe  VVeatern  Uulon  Telegranh  Com- 
pany to  Luild,  under  their  contract  with  the  said  Chicago  Danville 
aod  ViDcennea  Railroad  Company,  a  line  of  telegraph  from  Bis- 
marck. III.,  along  ihe  line  of  what  is  known  aa  the  Indiana  Divis- 
ion, lo  Coal  Creek,  Iidiana,  about  24  miles  a*  pn>po8ed  in  his 
printed  report,  pagaa  8  and  U,  snd  to  pay  the  old  account  of  said 
trle|{rai>h  eompaay  upon  the  best  tarnu  he  can  obtain  ;  to  make 
at  tbe  DauvlUe  ahopa  tbe  iiaprovementa  mentioned  in  bis  printed 
report,  page  31  ;  and  to  surrender  to  the  Hinckley  Locomotive 
^  orka  of  Boaton,  Mass.,  tba  five  eoginea  belonging  to  them  now 
in  hia  poaaaaaioo,  and  relamd  to  in  hia  printed  report,  pagea  U 
acd  IS." 

I  he  leaaa  referred  to  in  the  above  order  ia  for  the  renul  of  the 
Chicago  aad  Southern  Railroad  to  tbe  Chicago  Danville  and  Vin- 
ceonea  for  a  monthly  rental  of  |1,8M.00  in  goM. 

Eut^ra  RAilrMd  (Masa.)— Tbe  following  ia  the  directors' 
atateiueat:  -  Iha  entire  iodebtadoeaa  and  liabllitiea  of  the  oor- 
po^^'oa.  Sept.  1,  187S,  aa  ahown  by  tba  inveatlKating  committee's 
~       as  follows : 

ISaSl.418  00 

6.(M,IXI0  00 

i,8ri,ioo  00 

w.«noo 

no,oao  00 

Mi.*nm 


Tea  ysar  solas,  lae'sdlag  tl.ir&nM  staklm  ran4. . 
r<o<«a  SMIartUK  wlihiB  (laiit  moDlha  


No«w  aMtenai  within  three  y  an 

Solas  of  p.  »rk  P.  KR.  eudotaed  hy  1.  BB 


Oikar  dsbu  aet  haariac  lalanat., 


UsMllty 


of  Mill  fomt  land!  la  Chailaatown,  aa- 
cfpairhaai  aad  mtlaiimf  In  laT7 


tia,aH.MStT 

TS4,I»  00 


0Mb 

OMh  la  Allaaile  a«ato 

Ch.k  la  Umg  Uand  Baak 


ratal 


•• .•••••.■«•...,...,,.,      $i,i9a  AS 

...>.••...••«•...«»«,.,.«.     ,,  4,0010' 

«^^.~-'^~'^  ^'  ''   "*■" ••••...-..    •*•*«.■..•••••..  I,4T7  n 

*••"■"•" " 'aaseirtasas ««r,a9i  M 

J"*^- •••-: I^tJ^^ 

In  reply  to  eae  of  tfca  mambara  of  tba  board.  Mr.  Murphy  sUteO 
that  tha  coat  of  tba  laad  required  lo  ba  parebaaad  between  tbe 
■Jf  r?!^^;:;?  '''?  »•«>'•"•  on  'he  New  York  aide,  would  be 
!r^!Uf^'T' '?''  ""  '••!  ^"^''lyn  ride,  »130X)00,  making  a  total 
of  taon  000.  He  also  suted  t  hat  by  the  lai  of  June  next ,  they  would 
Sa'riv/r'°  """^"'"^  "*•  •"«»»<»"  »'  'be  temporary  bridge  aeroa. 

Cfcktf.  DUTllle  A  Tl»ee.««.-Mr.  F.  W.  Huldekoper. 
Cbalraaaof  tba  boadboldarB'  oommlttaa,  baa  laaued  the  fullowlog 


ti4.«9asTa  6T 
There  ia  alao  a  costiogent  liabilitr  of  tha  eorporatioo  as  en- 
dorser of  bonda  of  the  Portsmouth  Oreat  Falls  &  Conway  Rail- 
road, amooa  ing  to  $514,010,  that  mature  in  1893.  Against  thia 
iodebtadatiaa,  beaidaa  tbe  road,  stations,  lands,  equipment  and  all 
otbar  llaota  properly  included  in  cinairuciim  account,  and  repre- 
aeatiaf  tba  whole  permanent  plant  and  Income  earning  properly 
of  tba  eorporatioo,  II  holds  the  following  items  of  specific  prop- 
ertjr  to jy fiaaa  of  what  ia  required  for  tue  biuineaa  of  the  road, 


LmAi  at  ChsrIaslown,  not  reqairtd  for  ass  of  the  road,  at  as- 
snaiirs'  vataatkia tl.SOOUUO  00 

t^ada  at  Kaa  BOTton,  Lynn,  Maiden,  and  other  place*  on  the 
Uaaol  Ihe  load,  Bo<  r-aulred  for  a*.',  and  •<  are- In  connect- 
tag  rallraada,  and  otbar  llcnu  of  prupmty,  rained  by  commit- 

tsaat 

I  da*  IRMB  other  roadf,  afeata,  Ac 


TO  tUa  add  : 

Oaal,  wood  aad  troa  oa  kaad 9Stt.an  08 

...  UMHM 

ThoabovaltaasdoaotlnclndelhelavrstmsBt  of  thseorpota. 
ttoa  IB  the  P.  O.  P.  *  u.  B8.,  cooslstlag  of  MU  Bh«na  uf 
slack.  ensllDg 

Beads,  oostlBtf  at  par 


1,<I1,SM  44 
4<0.»;«  Tt 

t4.9»,T«8  M 


ta,4l9,a9t  W 


nstjoooo 

«9(,nOOO« 

f  l,aS7,SM  00 
Tba  value  of  this  Investment  depend*,  of  courHe,  in  Kreat  meaa- 
ara,  upon  the  ultimate  succeaa  of  the  Eutern  Railroad,  which 
operates  the  P.  0.  F.  it  C  Rsilroad,  under  a  le^ae  made  by  that 
eorporatioo  to  the  Eastern  Railroad  in  New  Hampabire.  The 
difaatota  aaa  no  laaaon  to  doubt  that,  before  the  maturity  of  Ita 


348 


THE  CflkONICLE. 


[October  9,  liTti. 


bonds,   the  P.  O.  F.  &  C.  Railroad  will  be  self-HUBtainiog  and 
ample  gecaritjr  for  the  debt  which  they  represent ;  and  that  its 
shares  will  at  all  times  have  an  appreciable  value.     Witbout 
estimating  these  securities  of  the  Conway  road,  it  will  be   senn 
that  i(  the  property  owned  by  the  corporation,  not  required  for 
railtoad  purposes,  could  be  made  available,  it  would  reduce  ihe 
debt  of  the  corporation  to  $11,230,720  77.  The  apparent  increase  in 
the  not  amount  of   debt  since  the  last  annual  report  is,  in  part, 
accounted  lor  by  the  entire  omission  of  these  securities  of  the  P. 
G.  F.  &  C.  Railroad  from  the  present  valuation  of  the  property  of 
the  road,  the  diminished  valuation  put  upon   the  property  of  the 
road,  by  payments  made  upon  the  pre-existing  contracts  for  steel 
rails  and   additional   lands   in   Charlestown,  and  by  discount   on 
sales  of  securities.     The  directors  realize   that  tbe  report  of  their 
Investigatine'   Committee  and  the  above  statement,  based  upon 
that  report,  are  at   least   as   unfavorable  to  the  road  as  tbe  facts 
will  warrant ;   but   notwithstanding  the  adverse  appearance  of 
these   figures,  made  during  ihe  most   disastrous  year  since   the 
inauguration  of  the  railway  system  in   this  country,  they  believe 
that  the  views  of   tbe  committee,  expressed  in  the  subjoined  ex 
tract  Irom  tbe  concluding  paragraph  of  their  report,  are  true  and 
will  commend  themselves  to  the  public.     "  However  discouraging 
the  present  aspect  of  the   financial   condition  may  seem  to  be,  we 
must  not  forget  that  the  increase  of  popalation  and  business  is 
steadily  going  on.     The  receipts  of  the  road   must  continue  to 
grow  in  tbe  luture  as  they  have  grown  in  the  past.    From  1861  to 
1871  the  increase  of  travel  was,  from  1,122,405  in  1361  to  3,545,649 
in  1871,  so  that  it  is  fair  to  suppose  that  the  increase  in  popula- 
tion along  the  line  of  the  road,  which  lias  in  Essex  county  alone 
been   10  per  cent,  during  the  last  five  years,  will  still  continue. 
We  are  also  aware  of  tbe   recent  great  development  of   business 
in  Maine  and  New  Hampshire,  through  the  increase  of   railroad 
facilities,  which  will  probably  still  grow  in  the  future,  so  that  by 
carefully  watching  and  accommodating  the  traffic,  and  reducing 
our  expenditures  to  within  the  lowest  practical  bounds,  we  may 
look  forward  with  confidence  to  a  return  of  prosperity  in  the  af- 
fairs of  the  road." 
By  order  of  the  directors. 

Boston,  Oct.  5,  1875.  Jno.  Wooldkedqe,  President. 

European  &  North  American.— The  creditors  of  the  European 
&  North  American  Railway  Company  met  at  Bangor,  Oct.  5.  O. 
B.  E.  Jackson,  Esq.,  presented  a  report  of  the  committee  from 
which  we  quote  tbe  following,  as  given  in  the  Boston  Post  : 

They  report  the  total  indebtednesi  of  the  road,  including  the 
Piscataquis  branch,  at  $7,373,704  95,  being  an  average  of  |28,033 
per  mile  of  road,  and  the  net  earning  for  1874  at  $334,830 — a  sum 
Bufiicient  to  pay  4^  per  cent  per  annum  on  the  entire  indebtedness. 
They  estimate  tbat  from  lands  and  other  property  not  needed  for 
railway  purposes  $600,000  may  be  realized.    They  have  obtained 
an  agreement  from  tbe  stockholders  thit  20,000  shares,   being  a 
controlling  interest  in  the  railway,  shall  be  transferred  to  the 
holders  of  the  floating  debt,  upon  certain  conditions,  and  with  that 
as  a  basis  they  propose  that  tlie  creditors  shall  organize  and  take 
control  of  the  road,  devote  the  net  earnings  of  the  road  for  three 
years  to  the  payment  of  such  interest  on  the  funded  debt  as  is  not 
extended  to  repairs  and  improvement  of  the  road,  and  payment  of 
such  debts  as  is  necessary  to  prevent  the  sacrifice  of  the  property, 
after  which  time  the  balance  of  the  net  earnings,  if  any,  may  be 
devoted  to  the  payment  on  the  floating  debt,  but  not  to  exceed  the 
rate  of  interest  per  annum  paid  on  the  funded  debt  until  the  pay- 
ment  of  the  fu'.l  interest  on  the  latter  shall  have  been  resumed, 
and  to  extend,  the  payment  of  the  principal  of  the  floating  debt 
for  six  years,  and  the  interest  for  the  same  time,  except  as  before 
provided.     They  propose  to  the  holders  of  the  funded  debt  to  fund 
one-half  of  their  joupons,  and  to  take  certificates  of  indebtedness 
for  these  coupons  payable  in  seven  years  with  interest  semi-annu- 
ally, coupons  to   be  held   by  trustees  and  cancelled   when  the 
certificates  were  fully  paid,  or  in  case  they  are  not,  then  to   be 
returned  to  the  holders  of  the  bonds  and  attached  to  the  bonds  in 
case  of  foreclosure  of  the  mortgage  by  which  they  are  secured.  The 
report  Wos  accepted.     The  following  resolution  was  presented  in 
the  report  of  the  Committee  of  Creditors  and  adopted.     The  first 
proposition  in  the  report  sent  was  referred  to  the  same  Committee: 


Jiesolmd,  That  if  the  Intcrnntional  Railway  Construction  &  TranBportation 
Company  will  convey  to  three  or  live  trustees,  one  of  whom  may  he  select,  d 
hy  the  said  Intern  itional  &  Transportation  Company,  and  the  others  hy  the 
creditors  licrL-iiiafter  named,  holding  the  floatiog  debts  of  the  consolidated  E. 
&  N.  A.  Railway,  twenty  thousand  shares  of  the  capital  stocli  ol  said  last-men- 
tioned corporation,  which  is  to  beheld,  used  and  voted  bv  said  trustees  for  the 
hcneflt  of  such  holders  of  said  floating  debt  as  shall  agree"  to  accept  said  stock 
nndcr  the  terms  of  this  resolution,  for  a  time  not  exceeding  fonr  years,  said 
tiustces  to  execute  an  agreement  in  writing  to  re-convey  said  stocli  to  said 
International  Railway  Construction  &  Transportation  Company  at  the  termi- 
nation of  said  period  of  fnnr  years,  unless iiefore  that  lime  the  said  Consolidated 
Europea:)  &  North  American  Rnilway  Company  shall  have  paid  or  provided  for 
thep.iyment  of  certain  debts  of  said  International  Railway  C.instrnction  & 
Transjiortation  Company,  amounting  to  about  $61,000  and  interest  thereon, 
which  debts  or  lial)ilitie8  have  been  assumed  by  ihe  said  Consolidated  Euro- 
pean &  North  American  Railway  Company. 

It  was  further  resolved  that  said  consolidated  European  &  North 
American  Railway  Company,  under  the  management  ol  stock  so 
conveyed,  shall  be  authorized  to  pay  said  $61,000  and  interest 
thereon  as  a  claim  preferred  to  all  other  floating  debts,  except 
such  as  it  is  necessary  to  pay  to  prevent  a  sacrifice  or  loss  of  prop 
erty,  and  if  said  $61,000  shall  be  paid  or  so  provided  as  to  release 
said  I.  R.  C.  &  T.  Co.  at  the  fxpiratioii  of  said  period,  or  at  any 
time  prior  to  the  return,  said  20,000  shares  of  stock  sliall  become 
and  be  the  absolute  property  of  said  creditors,  and  shall  be  convey- 
ed by  said  trustees  to  them  severally  in  proportion  to  their 
respective  claims  against  said  consolidated  European  &  Nortli 
American  Railway,  anil  the  creditors  aforesaid,  promise  to  use 
their  beat  endeavors  to  obtain  an  extension  of  the  payment  of  said 
$6!,C00  in  a  similar  iiianntr  to  tbe  other  flcating debts.  This  was 
agreed  to  by  the  Committee  of  Creditors,  by  the  committee  of  the 
I.  R,  C.  &  T.  Co.,  and  by   the  trustees  of   said  company.    The 


meeting  adjourned  subject  to  the  printed  call.    A  meeting  of  bond- 
holders will  be  called  for  Oct.  19th. 

Indianapolis  Bioomington  &  We§tern.— At  the  meeting  of 
bondholders,  referred  to  in  the  chronicle  of  last  week,  Mr.  Ver- 
nam,  on  the  side  of  one  party  of  first  mortgage  bondholders,  read 
a  report  of  some  length,  stating  amongother  things  that  •'  in  addi- 
tion to  the  bonded  indoljtednees  of  about  $12,000,000,  the  floating 
debt  was  stated  as  upward  of  $3,500,000,  against  which  $2,215,000 
of  the  extension  bonds  are  hypothecated,  making  a  total  indebted- 
ness of  $13,285,000,  with  a  possible  addition  of  $2,215,000.  The 
rolling  Block,  badly  out  of  repair,  consists  of  45  engines,  and  28 
others  unpaid  for  and  claimed  by  the  Rogers  Locomotive  Works, 
337  box  freight  cars.  280  coal  and  flat  cars,  50  stock  cars,  10  bag- 
gage cars,  3  baggage  and  smoking  cars,  2  postal  cars,  and  27  bag- 
gage cars.  There  are  also  on  the  road  1,175  box  freight  cars 
owned  by  the  Western  Car  Company,  for  which  tbe  road  pays  a 
rental  from  Sept.  1,  1874,  to  Jan.  1,  1870,  of  $10  per  month  each, 
and  has  to  keep  them  in  repair.  There  is  a  chatt^  mortgage  to 
secure  the  floating  indebtedness  onall  the  rolling  stock,  furniture, 
equipments,  buildings  and  income  of  the  company,  and  one  of 
its  clauses  provHes  that,  unless  the  $3,000,000  be  paid  within  two 
years  from  Nor.  IC,  1874,  the  whole  shall  be  forfeited  and  sold  to 
pay  the  floating  debt. 

In  Illinois  it   is   believed  tjhat  this  chattel  mortgage  bars  any 
rights  of  the  real  estate  mortgage  bondholders  in  tliie  personal 
property   of    the     company,    the    receiver   was  ordered  by  the 
court  appointing  him  to  pay  out  of  the  first  earnings  of  the  com- 
pany the  back  pay  rolls,  amounting  to  $285,000,  and  all   bills  for 
supplies  furnished  since  July  1,  1874,  but  he  has  been  able  to  pay 
ofl'  only  $30,000  of  the   pay  rolls,  there  having  been  no  greater 
surplus.      The  Receiver  has  issued  $212,000  of  certificates  toward 
the   purchase  ot  iron  and  the  payment  of  unpaid  tights  of  way. 
These   certificates   are   claimed   to  be  a  lien  on  the  income  and 
property  of  the  company  ahead  of  all  the  mortgage  Lends,  but  do 
not  cover  the  extension  and  branch.     It  is  probable  that  $350,000 
of  further  certificates  will  be  issued  to  reduce  the  grades  on  the 
road,  a  measure   recommended  by  the  receiver  in  his  last  report. 
Turner  Brothers  have   commenced   an  action  to  have  their  debt, 
amounting  to  about  $1,000,000,  declared  a  first  lien  on  the  road, 
prior  to  the  mortgages,  and  the  holders  of  the  bonds  of  the  original 
road  have  also  commenced  an  action  to  foreclose  their  lien.  Other 
suits  are  also  pending  which  require  immediate  action  on  the  part 
of  the  first  mortgage  bondholders   to   protect   their   rights.    The 
trustees  of  these  bonds  have  filed  a  cross  bill  in  the  action  for 
foreclosure,  taken  by  tlie  second  mortgage  bondliolders,  but  require 
instructions   from   a  majority  of  their  clients  before  proceeding 
further.     The   road   and   equipment  are  in   poor  condition,  and 
$350,000  are  required  to  repair  them  properly.    It  runs  through  a 
rioU  cnnntry.  but  lioa  great  compctliluu  lu  contenO  against.     Still, 
the   committee  are  of  opinion  that  it  can  be  made  to  pay  interest 
on  a  reasonable  cost.     Mr.  Vernam  also  read  from  the  Receiver's 
report   and   from  tbe  Auditor's  report   in   confirmation  of  these 
statements,  and  advised  the  first  mortgage  bondbolders  present, 
to  authorize  the  Trustees  to  proceed  with  a  foreclosure." 

There  were  very  diverse  opinions  as  to  the  actual  purposes  of 
the  different  parties  at  the  meeting,  and  what  interests  or  what 
amount  of  bonds  each  party  represented,  it  was  hardly  possible 
for  an  outsider  to  ascertain. 

Lonisville  &  Nashville  Railroad.— Louisville,  Ky„  October 
6. — The  annual  meeting  of  the  stockholders  of  the  Louisville  & 
Nashville  Railroad  was  held  here  to-day.  Thomas  J.  Martin  and 
Albert  Fink,  respectively  President  and  General  Superintendent, 
resigned  their  offices.  The  following  is  a  brief  summary  of  the 
reports  of  these  oflScers  for  1874-75: 

Total  cost  cf  the  road  to  June  30, 1S73 {ai.lQS.gTO 

Total  ir.ortgag!  on  all  the  roads IJi.So'.RIO 

Gross  earnings 4,308,952 

Operating  expenses 2,79?,554 

Net  earnings 1,516,393 

Length  of  roads  operated,  7.37  miles. 

Messrs.  B.  F.  Outhrie  and  H.  C.  Murrell,  Louisvillp,  and  P.  J. 
Potter,  Bowling  Green,  were  elected  directors,  and  they  appointed 
the  following  officers  of  the  company  for  the  ensuing  year  : 

President — E.  D.  Standiford,  Louisville, 
Vice-President  ~B.  Victor  Newcomb,  Louisville. 
Secretaries—^.  Ranney  and  A.  M.  Quarrier,  Louisville. 
No  Superintendent  was  elected. 

New  Jersey  Midland.— .4.  meeting  of  the  bondholders  of  the 
New  Jersey  Midland  Railroad  Company,  was  held,  on  Thursday, 
at  No.  IHO  Fulton  street,  to  take  into  consideration  measures  for 
the  re-organization  of  the  company.      D.  B.   Hilstead  presided. 
Smith  Ely,Chairman  of  the  Bondholders'  t'oin  uitteo  on  Re  organ- 
ization, submitted  a  report,  which  proposed  in  substance  that  the 
committee  purchase  tbe  road,  equipments,  &c.,  under  the  fore- 
closure.    Protect   the   receiver's  certificates  to   the  amount  of 
$350,000,  and  which  may  possibly  be  increased  to  $500,000,  as  a 
first  lien  upon  the  road  and  its  net  earning.^,  either  by  paying 
them  out  of  the  earnings  of  the  road  as  they  become  duo,  or  by 
creating  a  shorter  provisional  construction  mortgage  with'  ten- 
year  bonds.    Issuu  a  new  first  mortgage  to  secure  the  bonds  of  the 
new  company   for   $3,000,000,  bearing   seven   per  cent,  interest, 
with  semiannual  coupons,  upon  which  the  interest-coupons  shall 
be  funded  for  three  years  from  the  dates  of  their  issue.     Limit 
the  capital  stock  of   the  new  company  to   |4,000,000,  of  which 
there  shall  be  issued  $l,20!),000of  first  preferred  stock  to  the  pres- 
ent first  mortgage  bondholders, being  at  the  rate  of  $400  of  such 
stock   for  every   i$l,O00   of   bonds,  estimated   to  cover  past  due 
coUDons  to  the  date  of  issue  and  tUe  funded  interest  on  the  new 
bonds.     Issue   a   second  preferred   stock  to  the  present   second 
mortgage  bondholders  for  $1,500,000.  the  principal  of  their  bonds. 
Issue  common  stock  to  the  creditors  of  the  old  company,  estimated 
to  be  $600,000  for  the  principal  of  their  claims.     Out  of  the  re. 
malnder  of  said  capital  stock,  each  hona  fide  holAviT  o{  stock  in 


October  d,  1873.) 


THE  CHRONICLE 


319 


the  present  comi*DT  to  receive  twenty-five  cent*  oa  tlte  dollar  m 
common  «<ock  of  the  new  cooipaajr. 

Ex-  Governor  Price,  of  XfW  Jer^^v.  advocated  the  plan  of  a  «ale 
to  ths  Sonth  Mountain  &  Boston  Railroad. 

lite  Beeeirex  read  a  report  on  the  financea  of  the  coupanj, 
whiok  showed  that  $3S5,00J  were  needed  for  immediate  wanla. 
The  meeting  adjourned  without  rtsult. 

New  York  Boston  &  Montreal.— Tie  TribuM  rItm  the 
folIowioK  account  of  the  litigation  against  this  eomi>any: 
The  New  Tork  i  Boston  Railroad  Company  was  projected 
to  run,  and  in  part  built,  from  llarlem  River  to  Lake  M»ho- 
pac  and  a  point  near  Brewster's,  in  Putnam  County,  to  meet 
there  the  Putnam  &  Dutcaefs  County  Railroad.  These  two 
companies,  with  the  Dutchess  jt  Columbia  Railroad  Com- 
pany and  the  Harlem  Extension  Railroad  Company  were  con- 
solidated in  January,  18TU,  into  the  New  York  Boston  &  Mon- 
treal Railway  Company.  Before  this  consolidation  the  New  York 
ft  Boston  Railroad  Company  executed,  on  July  S7,  1870,  a  morV 
mm  of  their  road  to  the  Farmers'  Loan  and  Trust  Company,  to 
secure  bonds  to  the  extent  of  |2,500.000,  of  wliich  between 
11,200,000  and  «l,30U/)00  were  iasaed  and  about  $750,000  are  in 
dispulr.  A  second  mortgSKe  for  $300,000  was  also  madn  to  the 
sane  company.  The  Farmers'  Ixian  and  Trust  Company,  through 
their  counsel.  Turner,  Kirkland  and  McClnre,  have  begun  a  suit 
Id  WesletMSier  County  to  foreclose  the  first- mentioned  mortgage. 

BeTenl  aaawMs  are  put  In  to  defend  special  interests,  but  the 
only  sabsuntial  defense  is  that  put  in  by  John  Crosby  Brown  and 
J  ease  Seligman,  co-trustees  with  William  WatU  Sherman, of  the 
rWD  mcMgages  of  the  consolidated  company.  The  first  of  these 
OOrtfages  U  for  $12,3^000— the  aeoond  for  $13,5001.000.  They 
Ml  np,  first,  that  at  the  time  ol  the  eomiolidalion,  an  arrange- 
ment was  made,  with  the  ooosent  of  the  majority  In  interest  of 
th*  boodholden  under  the  plaintiOs'  mortgture  that  $1,552,000  of 
the  D«ir  first  mertiraga  bonds  and  %lJKOfiM  of  the  new  second 
mortgage  bonds,  should  be  set  apart  to  extinguish  the  bonds  of 
the  old  company,  by  paying  them  off  at  the  rate  o(  45  eenls  on 
the  dollar  in  cash  and  the  balance  in  second  mortgage  bonds,  and 
that,  under  this  a(,'re«meot,  the  old  mortgage  was  absorbed  in 
the  new.  The  second  point  was  that,  at  the  time  of  the  consoli- 
dation, the  road  oi  the  old  eompaoy  waa  Ineomplete  and  a  very 
Inadeqoale  seearity  to  its  bondholders.  The  righu  of  way  had 
not  beeo  entirely  secared,  the  road  bed  was  not  up  to  grade  in 
naoy  plaeaa,  the  superstructure  was  deficient  and  the  buildings. 
depots,  ke.,  were  almost  entirely  to  be  provided.  These  da<aiido 
•DU  claim  that  lor  righu  o(  way  and  road  bed.  they  have  ex- 
panded t043.OOO,  and  for  superstructure  $367/)00,  out  of  the 
Bonds  of  the  eoosoiidated  ruxl.  and  in  all  an  amount  at  least 
cqnal  to  that  expended  out  of  the  old  bonds.  They  insist,  therefore, 
that  as  to  the  new  rightji  of  way.  they  have  a  superior,  and  as  to 
alt  the  amoaata  axpradeJ,  an  etioal  lien  with  tt>«  boodboldtrs  of 
the  old  company.  Judge  Tappen  has  referred  the  qnastioas 
— 1'»*  Wj  »*»>«...»«.  1^  AiiiTt  .Stirkner  In  lake  proofs  and  report. 
^.  Y.  Houatoale  k  Northern.— An  action  to  Ibiaeloae  a 
ftOO,000  mortage  baa  been  begna  by  Samuel  d.  Babeoek  agalaat 
this  Baitroad  Company. 

Paelle  Mall.— vice  President  Seott  wrltea  a  letter,  anJer  date 
ol  October  b,  oootaialng  the  following : 
3b  (Is  MUtvrt  •/  (As  BHiUKg  PoU  : 

For  ths  purpose  of  replying  to  the  aamerous  inqolriss  called 
forth  by  the  statement  lately  made  to  the  Board  ot  Director*  of 
this  company,  I  desire  to  say  that  it  waa  not  the  intention  of  the 
management  to  do  otkar  thsin  ulTer  a  comparison  between  the  lla - 
bllltiasof  the  ooopaay,  as  they  sppearoa  the  books  at  the  New 
Tork  ofBea  to  December  1st,  and  as  they  existed  on  the  lat  ol 
Marsh  of  the  praaeal  year. 

Tbe  intentioo  was  rather  Xa  answer  eoaeloaivalv  the  repofta  so 
trsqnently  circulated  that  the  company  waa  oa  Iba  era  of  baak- 
rapuy  than  for  any  other  parpoaei. 

After  DeeetDbet  lat  the  UabUitiaa  may  bo  briefiy  and  generally 


Flrat— Amount  doe  Paaama  Bailmad  Compaay,  $500,000. 

Hecood  Bills  for  eoal.  stores  aad  supplira  lor  Heplaaber,  not 
aodited. 

Third— Balaoeo doe  Mesns.  Joha  Baaek*  S>mi,  on  delivery  of 
new  ships,  together  with  thslr  aaeesaarr  oatflt.  from  which  letter 
sum  may  be  deducted  the  earnings  of  their  trip  to  San  Fraaelaco. 

The  bills  of  supplies,  Itc,  aggregate  abonl  $t0.000  p^r  month. 

The  ba'anee  da«  oo  each  ahip  wbea  wmpletod  aad  delivered 
being  $816.0uO,  without  coat  of  ontfit. 

In  sdditlon  to  these  llabilltiea  there  is  a  claim  against  the  com- 
pany lor  taxee,  which  tbrroupaBy's  attorneys  are  ooofideot  will 
be  materially  radoeed.  Tooffiwt  this,  however, tbe  aompany  have 
lasolt  a  very  larue  volume  of  claims,  with  fair  proapecu  ot  «uc- 
Mas.  Tbe  recovery  of  a  small  per  centage  of  these  would  more 
than  llqvidale  this  "  Ux  liability." 

FMria  *  Rock  IsUnd.— .Mr.  J.  R.  HillUrd,  the  receiver,  baa 
'fliad  a  com prehaaslve  report  on  the  condition  of  his  road.  The 
[Clllcago  IiUtr-Oc*aa  says:  An  abslrart  ol  tbe  report  shows  that 
tho  aaraiogs  of  the  rosid  for  the  aevea  months  aaiiag  August  31, 
IflfTS,  have  heea  $78 J 10  33,  as  compared  with  $S$.733  83  for  tbe 
oortaaponding  months  of  1^74,  being  an  inereaas  of  over  100  per 
eaat.    Oat  of  theae  aarnings  there  luve  basa  paid  aa  follows  : 

T?  ■y»'*J?-.>««b  p»y  »■  fa" |i».r»io 

9*Jf 'Jl*!?  *f  y—  r«s«t»«4  —  matUPf l»,a«  ii 

S—iS*'^'^'^?''"*** " - rsflooo 

2f2.*'*"'^"'^'*- • ~ •.'"» 

S2.^" KUaso 

j2[J^      •/••**?••••••••••••••••••••••■•••  •.••••  *••••«••..-.. cm  (n 

4*psvoa  lie*, «€..... .,  ,,,.•.,, ••«••••.•••»■#«•..■...•...,,,,      f«4«9  W 

Re-talMlrc  etr* t.l<tO  81 

Leral  •«rr.cc<  I  134  M 

Tb'^re  rtllt  trmalM  dae  on  the  ehauel  morlig*<a  $34,467  M, 
which  eaa  b*  «)anad  off  wiihlo  tha  oezt  two  aoolha. 


The  failure  of  the  road,  says  Mr.  Hilliard,  must  be  attributed 
to  its  hariog  l>eeo  cheaply  constructed.  Some  of  thn  grades  are 
ninelT  feet  to  the  mile,  and  the  Curves  ure  so  short  that  no  more 
than  fifteen  card  cau  be  hauled  by  one  engine. 

With  regard  to  the  iron,  that  between  Peoria  and  Orion  is  in  a 
good  condition  and  only  needs  about  200  tons  of  new  rails.  The 
portion  l>eiween  Orion  and  Coal  Valley  is  much  worn,  as  it  wag 
used  by  the  Bockford  Rock  Island  ii  St.  Louis  Railroad  Com- 
pany. This  portion  wiU  also  need  300  tous  of  new  rails.  The 
r-ad  l>etween  Coal  Valley  and  Rock  Island  was  used  by  the  Coal 
Valley  Mining  Compauy,  and  will  need  (iOO  t0Q<i  of  iron  and  5,000 
lies  to  put  it  in  repair. 

The  want  of  depot  grounds  has  been  a  source  of  much  expense 
to  the  road.  The  rolling  stock  is  also  lamentably  deficient.  As 
there  are  only  three  passenger  and  lour  freight  engines,  the  re- 
oeiver  has  constantly  to  hire  more,  which  is  ditlioult  in  the  busy 
season. 

There  are  only  four  passenger,  one  smoking,  two  caboose, 
forty-eight  freight  and  forty-four  tlti  ears.  Of  course  this  num- 
ber la  absurdly  iosutticieDt.'  Mr.  Ililliard  is  in  consequence  using 
118  treight  aad  twenty  slock  cars,  at  a  rental  of  ^'iO  a  month,  from 
thb  Western  Car  Compauy.  He  nlso  paya  one  cent  a  mile  for 
forty-six  box  cars  and  ten  stock  cars,  for  ihe  actual  distance  run, 
as  well  as  two  caboose  cars  at  a  mouthly  rental  ot  $'30.  Tuis 
expense  is  8S  percent,  annually  of  the  cwt  of  the  ctrs,  and  the 
necessary  ears  should  be  purchased  for  the  road. 

On  atx>ut  twenty  milei  u(  the  road  the  right  of  way  has  been 
bought,  but  not  paid  for.  This  could  be  paid  at  the  rate  of 
$30  an  acre,  and  the  result  would  be  to  make  friends  out  of  many 
enemies  now  existing  among  the  adjacent  land  owners. 

Jadge  Drnmmond, after  examining  the  report,  entered  an  order 
authorising  the  receiver  to  make  such  improvements  in  the  track 
aad  bridge*  aa  are  absolutely  uec^i^sary.  lie  is  also  to  purchase 
such  ties,  pUea  and  iron  as  are  imperatively  demanded,  and  one 
freight  enlfiae.  He  is  also  to  examine  the  site  for  a  depot  at 
Peoria  and  report  its  location  and  cost, and  also  to  report  monthly 
his  receipts  and  expenditures. 

Roekford  Bock  Island  St  St  Lonii.— .^t  the  meeting  of  the 
boodboldera  for  whose  account  the  r>a>l  was  sold  at  foreclosure 
sale  In  Chicago,  held  in  Krankfort-on-Main,  on  the  10th  of 
September,  ^r.  Osterberg,  their  agent,  submitted  his  report,  and 
it  was  fiually  reeolved  :  1.  That  the  holders  of  both  classes  of 
bonds  repraaeated  in  the  purchase,  should  share  alike  In  contribut-  . 
lag  to  aad  in  receipts  from  <he  properly,  notwithstanding  the  de- 
cision of  tbe  Court,  acoording  to  wliich  holders  not  joining  In  the 
purchase  will  receive  about  $110  currency  per  bond  for  Noe.  1  to 
S,000.  aad  only  $M  from  Noe.  5,001  to  O.OOO.  3.  That  the  resolu- 
tlroa  of  last  year  requiring  the  ratification  of  the  bocdholdera  to 
any  plan  for  organisation  of  a  new  company,  nr  a  sale  or  lease  of 
tha  road,  be  modified  so  as  to  give  the  committee  unlimited  power 
to  rraiohe  road  to  some  company  safe  beyond  doubt  and  acknowl- 
edged to  IM  aeuad,  either  already  in  existence  or  to  be  created 
baraalMr,  or  to  sell  it,  }r  undertake  the  management  of  it  directly. 
For  tbia  porpoae.^here  were  added  to  tbo  commlttms  Q.  F.  Schu- 
maehor  and  Director  Baiat,  of  Frankfurt,  and  .M.  llausmeiater.  of 
Statlfart.  8.  To  lalae  the  sum  of  $1,000,000  in  United  States  cur- 
mey  by  aa  laaue  of  $1,000,000  of  7  per  cent,  bonds,  payable  in 
tea  years,  principal  atMi  intereat  payable  at  Franfort  on-.Main,  in 
goM,  and  aacured  bf  a  first  mort^^{e  on  the  road  and  equipment. 
'rhaaaOoMl*  to  be  allotted  to  the  bondholders  ^presented  In  the 
commHtae  at  the  rate  of  30  perc«nt,  of  their  old  holdings,  at  00 
gold.  Payments  oa  theee  bonds  are  to  be  made  by  Oct.  I.  A  mo- 
tion to  admit  the  bondholders  not  representiad  in  the  committee 
at  tbe  time  of  the  sale,  to  a  share  in  tha  property  like  tho  other 
bondholders,  was  voted  down. 

St.  Loala  Bridge.— By  an  order  of  the  Hrcuit  Court  at  St- 
Lonls,lbe  receivers  are  te  provide  for  the  payment  ol  the  interest 
doe  Oct.  1  oa  the  first  mortgage  bonds,  by  borrowing  such  money 
as  la  naedmniT  over  the  smount  alrsady  in  their  poseessioa  appli- 
cable to  thia  damand,  at  any  rata  of  interest  not  exoeeding  7  per 
eent.  per  snnnm.  For  tha  money  thus  borrowed,  the  receivers 
ara  aatkorised  to  pladga  tha  net  reeeipu  tliat  come  into  their 
haada  after  tha  payment  of  oparaiing  expenses  and  taxes,  and  any 
notea  that  may  coma  dus  for  which  real  estate  of  the  company  has 
baan  pledged  aa  saearity. 

9fnena  Northam.— The  parehaaera  of  the  road,  at  the  recant 
fafaaluaara  aale,  have  omaoixrd  a  new  eompaoy  by  the  name  of 
Bynenae  A  Northern.  The  directors  are  all  oonnecx-d  with  tha 
Homo  Watartova  di  Ogdenabnig  aad  the  Delaware  Lackawanna 
A  Wtatata  eompan  aa. 

TAled*  WalMtHk  *  WMtem.— The  following  press  despatch 
gijl^aikrlef  sceonnt  of  the  stoeklioldera'  meeting : 

RlLKUO  O.,  October  6. — The  stnckliolders'  meetmg  of  tbe  To- 
ledo Wabash  A  Western  Railroad  Company  organized  harmo- 
niously to-day  with  Oovemor  Cox,  chairman.  Messm.  Ashley  and 
Correy  appeared  as  a  cnmniittee  from  the  recent  stockholdera' 
meeting  in  New  York.  A  full  statement  of  the  oondiiion  of  tbe 
company  and  a  history  of  the  foreclosure  prooeedings  up  to  date 
were  given  by  the  chairman. 

Mr.  Ashley  ofTered  a  res'ilutlon  requenting  the  Directors  to  pro- 
care  a  delny  until  futher  oiisoltation  could  ho  had  between  the 
•tock  and  bondholders,  which  passed  wllboot  opposition. 

Thefollowingnamedgeotlemen  were  elected  (lirectora  of  the  rail- 
road: John  W.  EIIU,  Wm.  R.  Isharo,OiM>lan  D.  Ashley  and  Solon 
Humphreys,  of  New  York,  and  C.  F.  Curtis  of  Toledo. 

It  was  resolved, "  That  the  directors  of  the  corporation  be  re- 
qneated  to  procure,  if  practicable,  such  a  delay  or  postponement 
of  the  foreclosure  proceedings  under  the  gold  bond  mortgage  as 
will  enable  the  stockholders  to  consult  with  the  mortgai^e  b<md- 
holden  lor  the  pur|>ose  of  dxvlslng  means  to  extricate  this  oom- 
paoy  from  Its  embarraaameiitt," 


350 


THE  CHRONICLE 


LOctober  9,  1875. 


®l)c  Commercial  ^imcs. 


(JOiMMEHClAL  EPITOME. 

hRIDAT  NiOHT,  Oct.  8.  1875. 
With  the  improTement  in  geoiral  trade  which  has  taken  place 
in  the  past  week,  there  is  a  notable  abatement  of  that  speculative 
spirit  Tvliich  lias  fur  a  considerable  period  controlled  the  values  of 
leading  staples  of  domestic  produce.  They  are  letl  more  to  th" 
control  of  legitimate  intluences.  'I  his  is  due  mainly  to  the  fact 
that  much  uncerlaiD'y  is  felt  regarding  tlie  near  as  well  as  remote 
future,  and  as  to  what  may  be  the  nature  of  leuiiimate  influeuces; 
whether  supplies  will  he  txcessive,  or  whether  the  deman  I  may 
improve.  Under  such  circumstances,  sucU  speculation  as  there  is 
extends  very  little  b'-yoni  tbe  fluctuation  of  tbe  day. 

The  following  is  a  s'atement  of  the  stocks  of  leading  articles 
of  domestic  aud  foreign  merchandise,  at  dates  given  : 

1874.  , 1875. , 

Oct,  1.  Oct  1.        Sept  :. 

Beef tcs.andbbls.      3613  6«5  1084 

Poric bbis.    18,788  2f,437  37.752 

lowicco,  foreign bales.    44.4118  U,Hi  li,*"7 

Tobacco,  domestic hhds.     41,616  3J,UUS  87  H7 

Colfee,  Rio    bgs.      4.091  61.481  61,305 

Coffee,  other bags.    S.\'i2l  11.633  !),0  0 

Coffee,  Java,  &c inat^.     1H.?U0  S0,75t  61,Hh3 

Cocoa bav'S.       6,0ill  4,134  5,>)65 

Sugar hhds.     89,007  99,840  135,714 

Sagar  boxes.    8i),7H5  3(l.4il  3t6l5 

Sugar bags.  etc.    32,:S9  109,415  217.017 

MeTado hhds.        648  14.101  17,26! 

Mulasscs hhds.      3,661  4.KU7  4,v55 

Molasses bbls.         150  1.2.5  1,0)7 

Hides No.  238,500  203.700  272.101 

Cotton bales.     43,150  3H.02S  86  4J7 

Rosin ...bbls.    58007  49,095  07.691 

Spirits  turpentine b'lls.      8,6tl  3,i98  3,''93 

Tar bbls.      V,5lt9  t,295  8,9.54 

Rice,  E.  I bags.     17,5oO  li,40O  8,150 

Rice,  domestic bbls.undtcs  81O  160  I.4511 

Gunny  cloth  (Ual.) bales.    Il,5ii0  6,000  6,5ii0 

Gunny  bugs bales.      8.910  2,031  1,»nu 

Linseed bags.    15,«)  16i.«59  127.68) 

Saltpetre bags.     11.600  17,3.10  16.500 

Jnte bales.    24.300  li,«2  14,0  0 

Jntebutts ales.    28610  5  400  5,i00 

Manilahemp bales.    81,6".7  63.0<5  79.0O0 

Ashes bbls.      1.4o9  1.633  1.741 

or  provisions,  pork  has  ruled  higher,  mess  going  at  $32  25@|33  50 
on  tbe  spot,  with  futures  at  $38  25,  seller  October,  and  <33  85, 
buyer  October,  and  some  speculation  for  the  year  at  $30;  but 
October  contracts  closed  easier  to  day  at  $33  30,  seller's  option. 
Lard  has  been  decidedly  higher  at  14c.@14Jo.  for  prime  Western, 
spot  and  October,  12Jc..  seller  the  year,  13^0.,  seller  12  months; 
but  prices  bave  latterly  declined,  and  the  cose  today  was  at  13|c., 
seller  October,  and  13tc.,  seller  the  year.  Bacon  and  cu*  meats 
havfi  brought  lull  prices,  but  close.!  dull  under  a  decline  ot  tully 
^c.  in  dressed  hogs,  which  have  been  arriving  more  in  Western 
markets.  Beef  is  scaice  and  firm.  Beef  l.amS  in  better  supply, 
and  lower.  Butter  shows  some  advance,  but  closed  dull.  Cheese 
has  been  less  active.     Tallow  closed  dull  at  10ic.@10ic  for  prime. 

Rio  otiffee  has  further  advanced  on  Brazil  advices,  but  the  trade 
has  been  dull,  and  stocks  have  increased,  though  tbe  visible  sup- 
ply tor  the  United  States  is  reduced  to  208,000  bags;  fair  to  prime 
cargoes  quoted  at  20ic.@31Jc.,  gold.  Mild  cofleea  have  been 
firm  and  in  fair  demand.  Rico  has  remained  s  eady,  with  more 
doinK.  Molasses  has  been  less  active,  bat  prices  are  co  oparn- 
tively  firm.  Raw  sugars  are  quoted  i'.  lo*er  at  71c  @Sc.  for  tair 
to  good  refining,  but  refined  is  still  quoted  at  ll^o.  lor  standard 
crushed. 

Kentucky  tobacco  has  been  in  moderate  demand  and  steady  at 
7c.@8ic.  tor  lugs,  and  9c.@10c.  for  leaf;  the  sales  for  the  week 
embraced  800  hhds.,  of  which  700  were  for  export  and  100  for 
cousumption.  Seed  leaf  has  been  very  active,  and  prices  are  a 
shade  higlier;  the  sales  embrace:  crop  ot  1870,13  cases  Connec 
ticut  at  13c.,  and  70  cases  Ohio  on  private  terms  ;  crop  of  1873,  (i3 
cases  Connecticut  aud  Massachusetts  on  private  terms;  crop  of 
1873  and  1873,  185  cases  Pennsylvania  at  lHc.@30c  ;  crop  of 
1873,  293  cases  New  York  at  15c.@20c.,  237  cases  Pennsylvania 
at  30c.,  384  cases  Wisconsin  at  (K.@-iic.,  666  casrs  Connecticut  and 
and  Massachusetts  at  7c.@15c.,  and  285  cases  New  York  and 
Wisconsin  on  private  terms  ;  and  crop  of  1874,  413  cases  Peonsyl- 
Tania  at  r3c.@25c.,  14  cases  New  York  at  74c.,  300  cases  Connecti- 
cat  and  Maiisacliusetts,  and  80  cases  Obio  on  private  terms  ;  also 
400  cases  sundry  kinds  at  7c  @15c.  Spanish  tobacco  has  been  in 
moderate  demand  only,  but  quotations  have  remained  steady ; 
the  sales  were  4.0  bales  Havana  at  8Sc.@$l  05. 

There  has  been  only  a  moderate  bu^iue88  in  ocean  freights  dur- 
ing the  past  week ;  but  sales  on  both  berth  ana  charter  room 
show  an  advance,  which  is  due  to  the  limited  supply  of  tonnage. 

Linseed  oil  has  remained  steady  at  58c.(a60c.  Crude  sperm 
and  whale  have  been  in  good  demand  and  firm.  Mackerel  higher, 
owing  to  continued  scarcity;  No.  1  Massachusetts  q'lotcd  at  $37 
@$38.  Cod  in  fair  demand,  with  salea  400  quintals  at  $5  75  for 
Georges  and  $5  35  for  Grand  Bank.  Hides  have  been  fairly  ac- 
tive and  about  steady  ;  dry  Montevideo  sold  at  22c.,  gild,  4 
months,  f  nd  city  slaughter  ox  at  9|c.  Whiskey  closed  dull  at 
|1  18i@$l  19. 

la  roHin  little  or  nothing  has  been  done,  and  quotations  are  not 
over  and  above  steady  at  $1  65@1  75  for  common  to  good 
strained.  Spirits  turpentine  has  been  active  and  advancing,  under 
a  very  short  supply  in  first  hands, doting  at37i@38u.  for  Sjuthern 
bbls.  Petroleum  has  been  dull  and  depressed,  but  closeo  more 
•teady,  under  a  better  export  deaand  ;  refined,  in  bbls.,  quoted  at  13 
@13ic.  (tbe  figures  bid),  and  crude,  in  bulk,  6i@6ic.,  lor  prompt 
and  all  October  deliverv.  Ingot  copper  has  remained  quiet, 
bat  anchanged ;  sales  2O0',00O  lbs.  Lake  at  23i@23ic..  cash. 


Jlxports  or  LeadluK  Articles  trom  New  Y«rK. 
The  following  table,  compiled  from  Custom  House  returns 
shows  (be  exports  of  leading  articles  from  tbe  port  of  New 
York  sinje  January  1,  1875,  to  all  the  principjil  foreign  countries, 
and  also  the  totals  for  tbe  last  week, and  since  January  1.  The 
last  two  lines  4how  total  i)a<u««, including  the  value  of  all  other 
articles  besidei  those  mentioned  in  the  table. 


o;:s: 


«g'23 
2  S3 


S 


_:5  :  :  :S  :f  :S8  :  ;S  .373    S  .§  :E2§2  :S  :  :*"P     ?? 

go"   ■■■■(»'  •    'o'   •      oS  SS    ■        ■  of   •    ■  >o'       ftS 

W  _r  eioi 


no 


ii 


SS2 


:SJ$S 

CAGO 


^ssis: 

.^-.-tf-Oio*^ 

.g,o„g 

|ii--"  ■ 

'eor.'-i.«r 

to 

o 

■  C»  "^  O  "*  ' 
•CO  T  *  «  c 

■  a>      0*000 


is  i«s 


"   S«f 


dS  ;  : 


•-itros  -i" 


sow- 


:  .3  :S 


tnao 


ss 


cx:o> 


.-.    .,-.    .    .103 


:3 


.n<3>    •    •©    -    • 

:2?  :  .'3  ;  : 


^      t^Oi  o*  ai 


Oet 


a. 
St 


•  oora 

■.ss 


:S  :  .SJ 


:  :  :8  :  :?  :  rSS  :  :s| 


s 


s 

-'«■ 


•  t-«    •    .0 


r^    *^a>    '    ■■^    1""    i  £  ""r  rt  3:  ob  S    '.c^aa 


a  Mr*«o 


:S  : 

•3'  ' 


9  ^     *    t-^n*-i 


.  e-  Q    '.    .  tft  00  «  O    ;  g 


•  »2       «*anCp^O*4>     -co-OOCCJ; 
■  c«    •  r^  ^  ^- m  a*  T*    .sc-— "yt-^ 


-f  (?•  CO  .'5 1' 


■   I's 

to 

.  ^  C>  O  t—  ro  ti 
;3r"jC«' CO  •»*'—• 


3;  "*  TT  —  31         t-  C-  -V  *-  — 

^  XL      2:'"       "^r -^      too* 


o  a  ^  o  a  a  o  ^  Q  <a^ 


0000 


O   «   «   «   B   . 

^.g  ISCUtlOtCa 


•,0   .'■.'*"". 


&? 


o-SKS 


*  «s 


-.  is;=^ 


nx     00 


»:  ais  Ota  :fcg       ■s 


« s 

00 

>t^ 


October  9,  1875.] 


THE   CimONICLR 


351 


COTTON. 

Friday.  P.  M.,  Oct.  8,  1875. 
Th*  MovsMBirr  or  tkb  Crop,  as  indicated  by  our  telegrams 
from  the  Soaih  to-night,  is  given  twlow.  For  tlin  week  endint; 
this  erening  (Octuber  8)  (he  total  receipts  have  reached  103,403 
bales,  against  80,288  Dales  last  week,  47.004  bales  the  previous 
werk.  aol  36,709  bales  three  weeks  since,  making  the  total 
receipts  since  the  1st  ot  September,  IST-I,  '<i8S,80a  bales,  against 
8.'S1,S6.5  bales  for  the  same  period  of  1874,  showing  an  increase 
■inea  Sept.  1,  1875,  of  »4.343  bales.  The  details  of  the  receipts 
(or  this  week  (as  per  telegraph)  and  for  the  corresponding  weeks 
of  five  prevlooB  years  sre  as  follows: 


Becelpta  this 


New  Orlatos.. 

Mobile 

Chvlsitaa.  .. 
FonBojBl.  *e 
■svsaash..*... 

Iteld* 

lUMkC 

Nnroik 

CltrF0iBt,*c 

Total  ihlawesk 

Tnul  •In-e8«nt  1.. 


18:5. 


11,96'! 

>,3Si 

lt.liS 

«1« 

11.' 

1.418 

f8M 

11S7S 
Ml 


loim 


ISTi. 


n.srs 

8.(U0 
».83l 

i.rs 

M.M4 
8,805 

in 
vol 

jot 

I, 

•I 


1818. 


r.sn 

lUN 

m 
um 

ir. 

881 

*,iao 

(Tl 


•(.TTti     «,ISS 


1878. 


U,4M 
8,148 

11338 

18,181 

'    T,4» 


Mas 

8,4U 


IBTl. 


ii,au> 

8,t.» 

8,sni 


B.7S7 

188 

8.W 

T.I 


8r,8 


M.187 


1870. 


n.»44 

«.4«< 
11.433 
11,583 


1,H8 

-.83 

4,108 


S^MS 


*«.•«    fovw    inht* 


nt'.im'  w^m'  mtw 


The  exports  for  tiu)  we.'k  ending  this  eveiiiug  reach  a  t<it!il  of 
85,073  bales,  of  whicii  23.Wi3  were  to  Great  Briuio,  3.19i  to 
France,  and  h,893  to  rest  of  the  Continent,  while  the  stocks  as 
made  up  this  ereulng  are  now  208,421  bales.  Below  are  the 
Mocks  and  eznorta  for  the  week,  and  also  for  the  corresponding 
week  of  last  Mason: 


ftk  wiping 
Oct  e. 


New  Orit; 
Mo'^le  .. 


fcvaaaah 

QalvaMoa.  _  . 
Iftw  Toik.._. 
Othsrpona*.. 


Totsl  rtnee^epci 


■zponed  to 


arest 
Brttala. 


7,075 


1I.VI 


<«.«8« 


Fraae* 


Coalt- 
'i  Beat. 


t.U» 


«t« 


♦.^18 


8,104 


Tetal 
this 


m^H 


aaa« 
week 

1874. 


1«1S 


UJtS 


tij 


I^MC 


'TWupOTui  Ms  «M«  ■.«»'•»■»••«  f  -otM  mitt,'  ■rle*i 
W  I  eie-  lo  >lve-D<>»l  sadl  I  Mm  ■yDiiaesi  mm  Somam  »m 
pool :  from  PkliaMpkls  M  belas  le  Unipusl. 


Slock. 


1818.     1874. 


4V0rt 


481,881 
UkM7 


18.NS 
M.70> 
ai4St 
SMtl 
tJ;488 
47,4» 


{ ^aai  aaltiBaM 
hslM  t«  Unr 

ll9*Uar  telegram  fro<a  New  OHma»  to.alfbt  show*  that 
bvtdaa  the  abo«e  export*  the  a  ooaat  of  eotloa  oa  sUtpboard,  and 
eavaced  for  shipment  at  th*t  port,  la  as  follows :  For  Uverimol, 
•jOOO  bales;  for  Havre,  11,000  bale*:  ftrCaoiiaent.lOXXM  bales;  for 
eoastwtsa  porta. 3,000  bales;  tetal,  88.000  balsa;  whteh.  If  dedaeted' 
from  lbs  stock,  would  leave  7.0 JO  bkles  represeatlnir  tbt 
qa*Qtlty  at  the  lanHiairaad  in  prwana  aiMoid  orawaitio?  orient.  I 

From  the  foregoing  sut^nent  it  will  \te  seen  that,  compared 
with  the  eorrpspoodtng  wwk  of  last  season,  thire  is  a"  infrMm 
in  the  exports  this  WM-k  of  1:1.040  bales,  while  thr  stocks  to  night 
are  81.9  bales  <rst  thnn  they  wern  at  lbl<  time  a  year  ago. 
The  followlog  is  our  usual  table  showins  the  movement  of  cotton 
at  all  the  petts  from  Sept.  1  to  Oct.  1,  the  Utest  ra^ll  dales: 


POKTS. 


If.  Orlcaas 
Mobile  .... 
Chirte«,*n* 
8«rua«b . 
Ooi  eMM*. 
KawTorfc.. 
FlotMa..... 
N.  OsrellBS 
Morfeik*  .. 
Other  portt 

ToLthlsn. 
Tot  liM  Tr. 


187 1. 


81081 
17,157 
81.118 

48,48* 
axMM 

I.*!* 
tan 

4,108 
15.81  < 

1,8M 


188,  lOt 


1874. 


aj,7U 

88437 
48,888 
tljil 

11518 

888 

UMI 
1.' 


<»i 


Bzro*rsa  siac*  asp*.  1 


Omi  I 
Britalal 


4.VU       M80     I.SI8      MM 


t.ai 


U,U7 


MM 


i«.8;5 


*>.43l 


OUer 
teiTa 


a.ni 


118 


Tetal 


8,081 


M87 


14,1>I« 
81,*  8 
KMB 


8.118 


I.81W    M4T     88.441 

*,w    vm  ~8ii»4l 


tt.TV 


ta.im 
tojtu 

18,*7i 

ii.s:* 

18.111 
48.1*5 


1*1.774 


l«tHI* 


Id  of 
Cliy 


•  Osier  We  k«e4  of  CMrtalM  H  loelaSaS  Pom  Moral.  *..  loSer  il 
jMM*Ml.laeiaMU<IUM...*<:  U8.r  the  keSof'jS^M*  toM 

These  mall  retains  do  not  oorrespond  piteiaely  with  the  total  ot 
^-'*''**'*P'''°  B^n».  because  la  prapariog  them  It  is  always 
Baeessary  to  Incorporate  every  correction  made  at  the  porta. 

The  markei  for  oottoo  on  the  spot  has  been  more  active  at 
advancing  prices  for  the  past  week,  the  reeovery  In  qnoutions 
being  J^  to  18|c  f.,r  Middling  Uplands.  On  Monday,  the  .dvieea 
Irom  (  hioa,  of  the  diplomaiic  relations  between  Qreat  Britain 
and  China,  were  more  peaceful,  and  were  followed  by  an  Incrrased 
demand  for  export.  The  reeamptlon  of  work  lo  the  mills  a;  Fall 
Kiver  on  full  time  contributed  a  strong  support  to  our  markei ; 
and  on  Wednesday  and  Thursday,  each,  there  was  an  advance  oi 
«c..  favored  by  an  acUve  an  i  buoyant  market  at  Liverpool  ;  bat 
at  ihs  doss  thsre  was  less  doing  for  export    To-d*/,  ihsmarkst 


was  unsettled  ;  quotatious  were  revised  ;  low  grades  were  ad- 
vanced l-16(3|c.,  but  the  medium  and  better  grades  were 
nnchanged.  For  future  delivery,  the  tendency  hus  been  pretty 
unitormly  upward,  with  much  excitement  on  Wednesday  anl 
Thursday.  The  indications  tbat  no  further  decline  was  to  be 
expected  at  present,  brought  forward  buyers  in  large  force  to 
cover  contracts.  The  advance  has  Also  been  favored  by  a  number 
of  influences,  the  moat  conspicuous  of  which  were  the  more 
peaceful  advices  from  China,  the  active  and  buoyant  market  at 
Liverpool,  and  the  further  fact  that  the  recaipts  at  the  porta 
ceased  to  show  any  considerable  Increase  over  last  year.  The 
latter  circumstance  has  c«ased  also  among  speculatirs  some  modi- 
fication of  crop  eatimntes.  anl  4^  million  bales  are  now  rarely 
exceeded,  with  4  million  bales  the  popular  fi.rure  among  them. 
To.day.  futures  were  dull  and  weak,  with  some  decline  in  the 
later  montus  bat  this  was  soon  recovered  ;  anl  after  'Change 
there  were  sales  at  ia|c.  for  Oct.,  13  1-33^13  l-16c.  for  Dec.,  13i 
dl3  5.S2C.  for  Jsn.,  and  14c  for  May,  shtiwiug  a  conaiderable 
advance  on  the  opanmg  prices  for  the   day.     The   total   sales  for 

forward  delivery  for  tue  week  are  100,700  bales,  including 

free  on  board.  For  immediate  delivery  the  total  "ales  foot  up 
thU  week  10.794  bales,  including  5,36(5  for  export,  5,364  for  con- 

aumpiion,  64  for  speculation  and in  transit.     Of  the  above, 

1,S13  bales  were  to  arrive.  The  following  are  the  eloaing  quo- 
tations ; 


Dplaada. 

Alsfranitt 

New 
Orlaani. 

Orilaarv Mr». 

8t  let  Or<!ln»rT !?..... 

ii«:::: 
<..* ... 

KM*.... 

iit.:-: 

ISH*.... 

MX*.... 

mi 
m 

iimI... 

ISM*.... 

lilt*  .. 
Ilk*.... 

mhS  ... 
uk« ... 

UT-lt 

SSr:::: 
ii«:r 

t*uaai>nuii»rt     ...  .._ 

Stitet  Oood  Ordlosrv. 

Uu«  lilOdllne           

Strict  Low  MMdltac 

stauiiiu „ 

4oo<t  MTddllnv      _  

Striei  Oood  MMdltac... 

SKt.iUns  rir 

Oood  OMIxary 

jM  let  Oood  Or^liwfy  , 


STtmD. 
llKiLowMIddUa*.. 
IHr  middllns 


.118-14 
...  MX 


Beiow  wa  inve  ibe  sales  ol  spot  and   tranaii  cotton  and   pritwot 
OffUmuUv  this  m*rki>t  aanh  ilav  nf  th«  past  w<M>k  : 


« 

•  Aba« 

irsi' 

•  » 

a«w 
CMietlMUea. 

8«*V 

•14 

M 
440 

ijm 

C.a- 
•imp. 

K* 

7.1 
-.41 

'« 

»JII 

aia*D 

■"ii 

^- 

Total. 

?:& 

■  (rd'TT 

^. 

UOO 

Mldr*. 

Mm- 
dllB.. 

lM«<a«) 

«»ad«j 

r«««««T. 

«*4a««U;.... 

RffiT.'..:::: 

•••. 

'"if 
11 

i:y 

UK 

11  1-1< 

I'K 

13H 

To«al 

44 

.... 

UITJ4 

... 

.... 

.... 

For  forward  delivery  the  sales  (Inelading  —  free  on  board 
%»rm  resehed  daring  the  week  160.700  bales  (all  middling  or  on 
the  basia  of  mlddlinir).'  and  the  following  is  a  statement  of  the 
aad  prices 


Vw  October. 


For 


■.aav. 

l.a* 


318-14 
tt«i 

.•.v."ia5 


■I 
...111  i< 

...um 

....    UK 

.  .l(I.k« 
...II  74 
...    .UK 

».1J  ttt 
^m  ..  .....ui-M 

n*«.a...l8  II  SI 

vm i8ii« 

*f*.  a MM 


M>«l«l*l  tJst. 


■  .«l 
IjSS 
I.W 

l.'OP 
I  Ml. 


for  » 


.11  ll-M 

.u  »a 


;ini. ^,  .uk 

MS atiJi 


•  4*.. 
tW  . 

I.-M.. 


..U 

..»  iv:i 
uu-s> 
II 

,..ll  IS. 
...»  1-4 
..JiS-tl 
..  ..UK 


et». 

UK 

..  II :« 
...:t  1I-.4 
..  u»u 

14V 

■.•.•liia 
...II  iki* 

...It  •!« 

U 

..  Ml« 

..  .U  M4 


UMtlelalD**. 


For  Joai 


*.M. 


I**.. 


.11  l«.| 

.  ...UK 
.14  JUl 
.It  <».|< 
.UH44 
......... 

:"S 

..um! 

..Ut-18 


i,itn 

a».. 

7«  . 
I.IUO.. 
I. Ml  . 

NO.. 


eu. 

....II  I.I4 

"•..iisa 
...  1*.  • 

....U  7« 

I«K 

....nail 

...iJSJf 

...II  imt 
I*H 

...Ii  U«i 


MJftitjt.1  Feb. 
Forlisrek. 

mo., 
am.. 

I.US. 
lOUS  . 

au.. 

•10... 

so  . 

1.701  . 


li;HU  total  Jan. 
^or  r<braatT. 

i.'iVii 

a«i« 

ijm. I* 

MOD Ill-W 


II 
....M  |.<t 
....IS7« 

::::iil1i 

.  .11  ii-a 

IMt 

...»  IMl 
....II -.14 

...II  ikei 

:;:ir,\!fi 

....a  ».i« 
...u  l»« 
UK 


9U0.. 
400  . 
•Vl.. 
Ml.. 


Ota. 
..lit!  .94 

..'.1  ll-lt 

..iia-.'O 
IHf 

.  19  Ii- i 
.  UtlM 


IMtoislMsreh. 

.    For  AprU. 

» UK 

IIU U  11.W 

lO* U  7  14 

an 11  is« 

au u».ii 

9SJ It  1*U 


«k«(  total  Nov. 
The  following  will  show  spot  quotationa  aad  the 
Intares  at  the  several  dates  aamea : 


l/m  total  AprU. 
For  Mar. 

»i rxtun 

aio 14  :i.i4 

IWI 1113-1 

lUO IIK 

l/»5 UK 

i.ite uis-1 

10)  .  II 

iu« 14 :« 

I.IW. 14  1.14 

4,100  totti  May. 

For  Jona. 

•00 II  SMI 

sail II  IS.|( 

luu un*i 

M UK 

MO U  l>i} 

luo iiii.n 

100 ...11 

1110 11841 

>I0. 14  814 

1.70D  total  .loaa. 

rorJalp. 

100 14  1.14 

10). MM 

an  toui  JdIj. 
closing  prices 


Frt. 
.    UK 
.    U.f-W 
.    UK 
,.    liK 

:    M  15-14 

.   u»~a 

.    UK 

.   11  i*-n 

_  II  13-14 

lalp    II  M-44 

AacMl UK 

Salaaepot 4ti 

Salaarnlars...  U.IO0 

Sold IIIK 


noDUae  trpb^SBO— utsaioas  ai,aaaipiaATios. 


iS^l 


UK 

11^-01 
!l  II- « 

U  >l-«4 
U»J1 

a 

Ul-'l 

Ul»« 

S1:-B 

IIU-H 

rife 
UjlOO 
117K 
4.-4 


Mo«. 
UK 

U  l»-lt 
Ii  2S-4 
13  4»-«l 

\tr,-u 

II  l-Jt 
IIU 

II  ll-R 
U  I1-.4 
UK 
II  l-S 
I4> 


i4.4e 

1I7K 
4.MK 


Ta 

UK 

11 41-a 

llS-t4 
I4SM4 

n  T,-*: 

II 1  It 

UK 
II  IJ-M 

11  It- 14 
KK 

14  i-a 
i4  5-a 

I4l0 
l4JflO 

11^ 

4.75\ 


«sd. 

Ill-H 
II 
II 

:i  i-:4 
u»-a 

II  IJ-M 

II  II-  I 

14  15-14 
UK 
14  j-ll 

II ;-  II 

l,MI 
R.1J0 
IHK 
4.-.IH 


In     » 


Tbnra, 
HK 

a* 

u  l-4t 

II 

i«  i-ii 
II  »-a< 

iia-ii 

U  iVM 
14  5-41 
14  »-l4 
14  >-l4 

18.000 

II) 

4.77 


rrl. 

i  u-n 

UK 
II  4-41 
II5-M 

14  11-11 
14  l-ll 

14  7-14 
14  1-14 

IJAIS 

lllK 

4.7«K 


Thb  VniBLB  8um.T  or  Cotton,  as  made  op  by  cable  and 
telegraph,  is  as  follows.  The  coniiuental  stocks  are  the  figures 
of  last  Saturday,  but  the  totals  for  Great  Britain  and  the  afloat 
for  the  Continent  are  this  week's  returns,  and  consequently 
broaghtdown  to  ThurHiay  evening;  hence,  to  make  the  touls  the 
complete  figures  for  to  night  (Oct.  8),  we  add  the  item  of  exports 
XnaaUM  United  States,  Including  in  it  the  esporta  of  Fridaj  only: 


362 


THE  CHRONICLE 


[October  9,  1876. 


1M5.      1874.      18T8.      1671. 

8ti».000    6!)l,O0O    593,000    6^7,000 

85,000  114,500  2«5,7i0  221,000 


Stock  at  Liverpool .. .  , 

Stock  at  LoDdun 

ToUl  Great  Britain  Block  ....  7S4,000  805.500  798,750  851,000 

Btockatllsrre 183,350  159,760  10S,.*;00  217,000 

Stock  ct  Maraeillca 4,250  13,000  9,500  16,000 

Stock  at  Barcelona 48,u00  8J,250  S8,7M  48,000 

Stock  at  Hambnrit 13,7o0  17,u00  30,000  87,000 

Stock  at  Rremca 3fl,5UO  37.750  38,750  38,000 

Stock  at  Amsterdam 60,000  fc7,000  97.0,)0  74,000 

Stock  at  Rotterdam .  10,000  83,000  86,750  11,000 

Stock  at  Antwerp .•. 7.000  9,500  19,£50  40,000 

Stock  at  ottier  continental  port'..  10,000  21,000  50,000  64,000 


Total  contlnenUl  porta 3(i7,750  411,850 


408,  SCO 


56S,000 


Total  European  stocks 1,101,750  1,248,750  1,207.250  1,410,000 

Indiacottonafloat  for  Europe....    301,000  2iJ,000  200,000  280,000 

American  cotton  afloat  for  Europe     45,000  35,000  84,000  34,000 

Egypt,  Brazil,  &c.,alloat  for  E'rope     85,000  31.000  60,000  40.000 

Stock  in  United  States  ports 309,424  209,788  124,713  169,141 

Stock  in  U.  S.  interior  ports 85,9:10  35,168  S8,9(;0  S2,68(i 

United  SUtes  exports  to-day 12,000  4,000  3,000  5.000 

Total  visible  supply.     ..bales.1,720,104  1,789,831  1,661,323  l,'.i66^ 

or  tl>e  above,  the  totals  or  American  and  other  descrlptionB  are  as  foUow; ; 
Amertean— 

Liverpool  stock 881,000  189,000  144,000  8.5,000 

Continental  stocks .    ld3,C00  801,000  156,000  95,000 

American  afloat  to  Europe 45,000  85,000  31,000  34,000 

Ui.ited  States  stock .     209,424  800,763  131,113  189,141 

i-nitcd  States  interior  stocks...  .     85,930  35,168  32,660  22,696 

United  States  eipoits  co-day 12,000  4,000  8,300  5,000 

Total  American bales.    73S,351  673,931  494,573  429,827 

Batt  Indian,  Brazil,  die— 

Liverpool  stock 385,000  508,000  449.000  .'iiS.OOO 

London  stock 85,000  114,500  205,750  2^4,000 

Continental  stocks 2  4,750  310,250  258,500  470,000 

India  afloat  for  Europe 301,000  222,000  20O,C00  260,000 

Egypt,  Brazil,  »c.,  afloat 25,000  3T,000  60,000  40,000 


Total  East  India,  4c 980,750 

Total  American 7S9,.354 


1,115,750 
673,931 


1,167,250 

494,673 


1,536,000 
429,627 


Total  visible  supply bales.1,720,104 

Price  Middling  Uplands,  Liverp'l.    6;id. 


1,789,681 
8d. 


1.061.823        ],«').5,827 
9>i@9Xd.    9>i@9Jid. 

These  figures  iudicato  a  decrease  in  the  cotton  in  siglit  to-niglit 
of  69,577  bales  as  compared  witli  tlie  same  daie  of  1874,  an 
increase  of  .58,281  bales  as  compared  witlt  the  corresponding  date 
of  1878,  and  a  decrease  of  345,723  bales  as  corapired  with  1872. 

At  the  InteriOU  Pokts  the  movement — that  is  tlie  receipts 
and  sliipments  for  tlie  week  and  stock  to-night,  and  for  the 
corresponding  weeli  of  1874 — is  set  out  in  detail  in  the  following 
statement: 


Week  ending    Oct. 

i,   1875. 

Week  ending  Oct.  9,  1874. 

Receipts. 

Shipments. 

Stock. 

Receipts. 

Shipments. 

Stock. 

6,843 
1,961 
2,522 
4.26! 
4,115 
7,611 
659 

2.327 
1.992 
2,0i>0 
3,(iI5 
2,.'i42 
6,485 
605 

6,928 
],:i71 
1,698 
3,889 
4,564 
6,181 
1,;)05 

6,875 
2,4:S7 
8,201 
8,261 
2,923 
8,900 
957 

4,563 

2,099 
2.894 
2.964 
7,086 
406 

6,050 

Columbus    

1,528 
3,854 

Montgomery 

Selma 

2.94:1 
2,.333 

Memphis    

14,826 

4,035 

Total,  old  ports 

28,006 

2631 

2.6!'8 
2,010 
2,090 

18,066 

2,936 
8.0(-0 
1,160 
1.694 

25,930 

1,922 

1,263 

1,8:12 

917 

87,554 

1.S18 

3,C87 

3,:121 

548 

32,960 

1,138 

2,711 

•).6S 

511 

35,168 
1,460 

Atlanta 

777 

6,461 

4,359 

Total,  new  ports 

9,349 

7,860 

5,934 

8,174 

4,806 

13,067 

Total,  all 

37.355 

2.V916 

31.864 

35.728  1         87,768 

48.325 

.Tlie above  totals  showtliat  the  old  interior stoclis  liave  increased 
during  tlie  week  9,950  bales,  and  are  toniglit  9,838  bales  less 
tlian  at  the  same  period  last  year.  'I'he  receipts  have  been  3,453 
bales  more  tlian  the  same  week  last  year. 

Bombay  SniPMENTB. — According  to  our  cable  dispatch  received 
to-day,  there  have  been  no  ba'es  shipped  from  Bombay  to 
Great  Britain  the  past  week  and  no  bales  to  the  Continent, 
while  the  receipts  at  Bombay  during  the  same  time  have  been 
2,000  bales.  The  movement  since  the  Igt  of  January  is  as  followa. 
These  are  the  figures  of  W.  Nicol  &  Co.,  of  Bombay,  and  are 
broughi  down  to  Thursday,  Oct.  7  ; 

r-Shipments  this  week—,  r-Shipmentsslnce  Jan.  1— > , Receipts — , 

Great       Con-  Great       Con-  This      Since 

Britain,    tincnt.    Total.     Britain,    tinent.    Total.       week.    Jan.  1. 

1875       804,000    41.5,000   1,219.000        8,000   1,340,000 

1874     .        4,000        2,fX)0        6,(100      794,000    366,000  1,160.0(10        2,000  1,216,000 
1873;; 1,000         1,000       678,000     19i000      876,000        4.000      935.000 

From  tlie  foregoing  it  would  appear  that  compared  with  last 
year  there  \»  a,  decrease  of  0,000  bales  this  year  in  the  week's 
shipments  from  Bombay  to  Europe,  and  that  the  total  movement 
since  January  1  shows  an  increaxe  in  shipments  of  59,000  bales 
compared  with  the  corresponding  period  ot  1874. 

Weathek  Reports  by  Telegraph. — The  weather  the  past 
week  has  been  much  more  favorable  for  the  development  of  the 
plant  and  the  gathering  in  of  Ihe  crop.  Bain  has,  however, 
fallen  in  most  of  the  States,  but  generally  not  to  such  an  extent 
as  to  interfere  materially  with  the  picking.  The  election  excite- 
ment is  doing  harm  in  Mississippi,  and  sickness  appears  to  prevail 
among  the  laboring  class  in  the  Memphis  and  Mobile  depart- 
wentB;  but,  on  the  whole,  onr  reports  indicate  that  very  lair 


progress  has  been  made  in  crop  work  during  the  week,  and  at 
some  points  the  conditions  have  been  entirely  favorable. 

Oalveston.  7<!X(7«.— Railroad  communication  has  been  resumed. 
The  accumulations  at  inferior  depots  are  heavy.  Ths  weather 
ihe  past  week  has  been  mainly  favorable  (or  picking.  It  hag 
rained  here  on  two  days,  but  only  slightly,  the  rainfall  reaching 
only  fifteen  hundredths  of  an  inch.  There  has  been  no  movement 
at  Indianola  since  the  storm,  and  everything  is  still  too  much 
confused  to  say  how  much  damage  has  been  done.  Unquestionably 
it  has  been  great  in  that  vicinity,  the  greatest  loss  being  in  the 
destruction  of  timber,  which  is  irreparable.  The  thermometer 
has  averaged  78,  the  highest  being  85  and  the  lowest  64. 

Corsicaiia,   Texas.— U   has    rained    here   on   three   days only 

sprinkles,  however— the  rainfall  in  all  reaching  but  fourteen 
hundredths  of  an  inch,  and  picking  is  making  fine  progress.  The 
crop  is  being  marketed  freely,  partly  from  compulsion  and  partly 
(rom  an  apprehension  of  a  further  decline  in  prices.  There  is 
considerable  competition  for  labor,  and  it  is  running  up  the  prices 
of  wages  fcr  picking.  The  thermometer  has  averaged  73,  the 
highest  being  84  and  the  Ion  est  C4.  . 

jfew  Orleans,  Louisiana. — We  had  rain  on  two  days  the  past 
week,  the  rainfall  reaching  filyone  hundredths  of  an  inch. 
The  thermometer  .has  averaged  73.     Picking  ia  progressing  finelv 

bJirevepm-t,  Louisiana.— We  had  rain  here  on  Tuesday  and 
Wednesday  of  this  week,  wLiol.,  sIiUoukIi  it  retarded  l.h«  nrpl^ia 
of  cotton,  did  no  damage  to  the  crop.  Just  now  it  ia  clear  and 
calm.  Rainfall  for  the  week,  two  and  one  half  inches.  Average 
thermometer  66,  highe.st  76  and  lowest  49. 

Vieksburg,  Mississippi. — There  were  two  rainy  days  the  past 
week,  the  rainfall  reaching  two  and  twenty-live  hundredths 
inches.     Average  thermometer  65,  highest  73  and  lowest  01. 

Columbus,  Mississippi. — It  was  showery  on  one  day  of  the 
week,  but  the  remaining  six  days  were  pleasant,  the  thermometer 
averaging  69,  and  ranging  from  60  to  78.  The  crop  is  being  sent 
to  market  freely. 

lAltle  Rock,  Arkansas. — Excepting  Tuesday  and  Wednesday, 
which  were  cloudy,  the  past  week  has  been  delightful,  the  ther- 
motneter  averaging  04,  and  ranging  from  83  to  45. 

Na^hoille,  Tennessee. — There  were  two  rainy  days  the  past 
week,  the  rainfall  reaching  forty  hundredths  of  an  inch.  The 
rest  of  the  week  was  pleasant.  On  one  night  we  had  a  frost,  but 
not  a  killing  frost.  The  tlienuometer  has  averaged  60,  the  high- 
est being  70  and  the  lowest  50. 

Memphis,  Tennessee. — We  had  rain  on  two  days  of  the  past 
week,  to  the  extent  of  fifty  hundredths  of  an  inch,  and  a  frost  on 
one  day,  though  not  a  killing  frost.  The  thenuoraeter  has  been 
as  high  as  71  and  down  to  50,  averaging  01.  Picking  has  been 
interfered  with  by  the  election  excitement  in  Mississippi  and 
general  sickness. 

Mobile,  Alabama. — Two  days  of  the  past  week  were  showery, 
one  day  cloudy  and  the  rest  pleasant.  Picking  is  lieins  i.>tarf«rfid 
with  by  the  election  excitement,  by  sickness  and  by  the  inclement 
weather.  Total  rainfall  for  the  week,  ninety  hundredths  of  an 
inch.     Thermometer — Highest,  83  ;  lowest,  50  ;  average, 69. 

Montgomery,  Alabama. — The  first  four  days  of  the  week  were 
rainy,  but  the  latter  part  was  clear  and  pleasant,  the  rainfall 
reaching  ninety-seven  hundredths  of  an  inch.  The  thermometer 
has  averaged  67,  the  highest  being  78  and  the  lowest  50.  Picking 
is  making  good  progress. 

iSelma,  Alabama. — We  had  one  rainy  day  here  the  past  week, 
but  it  is  now  clear.  Total  rainfall  for  the  week,  seventeen  hun- 
dredths of  an  inch,  and  average  thermometer  63. 

Madison,  Florida. — We  had  one  rainy  day  the  past  week,  the 
rainfall  reaching  one  inch  and  forty-five  hundredths.  Average 
thermometer  for  the  week  73,  highest  79  and  lowest  65.  There 
ia  a  large  quantity  of  cotton  open,  but  the  negroes  will  not  pick 
it,  and  much  ia  being  lost  in  consequence. 

Macon,  Georgia. — The  weather  the  past  week  has  been  pleas- 
ant, excepting  one  rainy  day,  and  picking  is  progressing  finely. 
The  thermometer  has  averaged  67,  the  highest  being  75  and  the 
lowest  56. 

Atlanta,  Oeorgia. — With  the  exception  of  one  day,  on  which  it 
rained  constantly,  the  past  week  has  been  pleasant,  the  rainfall 
for  the  week  reaching  fifty -three  hundredths  of  an  inch.  The 
thermometer  has  averaged  60,  the  highest  .being  77  and  the  low- 
est 46. 

Columbus,  Oeorgia. — Rain  fell  here  on  one  day  during  the 
week,  the  rainfall  reaching  one  and  eighty-two  hundredths  inches. 
Average  thermometer  07,  highest  83  and  lowest  43. 

Savannah,  Oeorgia. — The  weather  the  past  week  has  been 
pleasant,  excepting  one  day  which  was  rainy,  the  rainfall  reaching 
two  inches  and  fifteen  hundredths.  The  thermometer  has 
averaged  70,  the  highest  being  85  and  the  lowest  56. 

Augusta.  Oeorgia. — We  have  had  this  week  generally  favorable 
weather,  with  rain  on  three  days,  the  early  part  of  the  week,  to 
the  extent  of  thirty  seven  hundredths  of  an  iuch.  Average 
thermometer  68,  highest  80  and  lowest  49.  Cotton  is  being  sent 
to  market  freely. 

Charleston,  South  Carolina. — It  rained  here  severely  on  one  day 
of  the  past  week,  the  rainf.ill  reaching  one  inch  and  thirty 
hundredths.  The  thermometer  has  {iveraged  70,  the  lowest  has 
been  57  and  the  highest  81. 

The  following  statement  we  have  also  received  by  telegraph 
showing  the  height  of  the  rivers  at  the  points  named  at  3  o'clock 
this  afternoon  (Friday,  Oct.  8).  We  give  last  year's  figures 
(Friday,  Oct.  9, 1874)  for  comparison : 

^Oct.  8, '75.-,  ,-Oct  fl,'74.-i 

Feet.  Inch.  Feet.  Inch. 

Netv  Orleans.. Below  high-watermark 9  8  13  0 

Memphis Above  low-water  mark 10  1  4  11 

Nnshvilie Above  low-water  mark 10  8  3  1 

Shrevepoit Above  low- water  mark 13  5  9  3 

YicksburK,..,  Above low-wateriuark  18  ]0  »  0 


k 


October  9,  1875.] 


THE  CHRONICLE. 


353 


New  Orleuis  reported  below  high-water  mark  of  1871  until 
Sept.  9, 1S74,  wheo  the  sero  of  gauge  was  changed  to  high-water 
mark  of  April  15  and  16. 1874,  which  is  6-10th»  of  a  foot  alxjve 
1871.  or  16  feet  aboTe  low- water  mark  at  that  point. 

GusKT  Bags,  Baogiso,  4c.— The  market  for  bagging  has  ruled 
quiet  during  the  past  week,  with  oclj  a  jobbing  demand.  No 
large  sales  have  been  made,  and  orders  are  tor  small  lines.  Salos 
during  the  week  foot  up  1,500@2,000  rolls  at  13<ul3ic.  the  mar- 
ket closing  at  13c.  Sioeka  are  very  light,  and  the  demaod  tor 
coDsnmptioD,  it  is  thought  likely,  will  absorb  all  en  band  and  to 
be  made  for  the  next  two  months.  Bales  are  quiet  at  i^f^lOc.  for 
India,  and  13i<<il34c.  for  Borneo.  Bntta  hare  ruled  tirm.  with 
sales  on  spot,  in  all  about  l/XX)  bales,  at  2  15-16ia3c.,  cash  and 
time,  and  600  to  arrive  at  2^,  gold,  the  market  closing  to-dajr  at 
2ic  cash,  and  3  15-16(33c.  time. 

BoMn.vr  Shipjckhts.— The  following  Inquiry  relates  to  a  sub- 
ject which  appears  to  hare  attracted  the  attention  of  seTeral  of 
our  readers: 

Nbw  Yo«k.  Oct  4. 1875. 

Okar  Sir  :  How  is  it  that  your  Bombay  figures  are  so  different 
from  those  in  the  Nf  w  York  Cotton  Exchange  circular  ?  Tou 
give  In  your  last  Cbroxiclb  the  total  shipments  at  85.000  bales 
mon  tbwa  tb*  eiraolar's  figuea.  Tha  two  statements  are  as 
follows : 


ec  Britain.    Ooallaeot. 

CaaomcLa tM,OBO  415,000 

CttUoB  ■zckaacs. nB.0OO  41«,000 


Tola]. 
l.tlS.OOO 
1.181.000 


IMAreDCS. 


This  Dssds  some  explasatloa. 
caused  by  enoia  in  cabling  7 


...    as,oso 

Which  is 
Yours, 


right?     Is  it  not 
COTTOH  Bdtbb. 


We  hare  attempted  to  learn  the  cause  of  the  diflbrenee  referred 
to  by  our  correspondent.     The  facts  appear  to  be  as  fallows  : 

1.  TheCotton  Exchange  Bombay  shipments  are  those  of  finlay. 
Mnir  k  Co.  Our  Qguras  are  (as  alwsrs  stated  in  our  rep<irt) 
reoeiTed  from  W.  Nieol  k  Co.  These  ar«  both  Bombay  authorities 
of  high  standing,  and  should,  we  suppose,  be  ib  aeeord. 

2.  Oar  first  supposition  was,  as  suggested  abors,  that  there  was 
an  error  in  cabllnc;  but  turning  to  our  India  oifcalars,  we  Sad 
this  is  not  so.  The  Ifctst  Bombay  mail  date  we  hava  is  September 
2.  AeeordlFg  to  Ifesan.  W.  NIool  &  Co.'s  drenlar  of  that  date, 
the  shipments  since  Janoary  1st  this  year  and  last  year  have  be«n 
as  follows: 

11^5.™.  .. 
Chaaasi  for  OT^sn 

'oiBi  unat  Bntalu 

ytiseb  pofts 

iMnsajwrts   

Assmfisapi 
Oermaa  pons, 
RsMtaa  ports 
Dotch  poru 

Total  OMiUaaal 


I7S.1M 


•T,(«T 


ToUl. 
1.197,000 
1.1»7,SM 
1.185  OnO 
1.135,238 


WflM 


Tout  exports  to  Sept  t l,;9;.ai  1 

Now,  if  our  friend  will  tnra  to  tha  CHRO!f  ICI.B  of  September  4. 
he  win  see  that  our  flirnres  reesired  by  cable  8#pc  8.  oomparsd  as 
follows  with  Ifessrs.  Nlcol's  Bombay  circular  ol  SspU  9 

Ql.  BriUin.    CMitlMBt. 

OavoKtCLE  for  187S 790X100         497.000 

Messrs.  N'lcol  k  Co.  for  1878. .  7M.480 

Cano.xtcLB  for  1874 777,000 

Messrs.  Niool  k  Co.  f  w  1874. .  7T7.aW  .. _^ 

Hare  we  flad  a  perfect  agrasBeot  bslwasn  oar  mail  Agunt  and 
those  reeelTed  by  cable.  We  ha*e  also  examined  the  other 
statement,  and  <lo  not  dlseoTer  any  material  varlatloa  lietween 
the  circular  here  and  the  eirenlarat  Bombay  of  the  sane  dats. 
Hence  there  is  do  error  la  eabllag. 

8.  The  disagreement  is  tluia  sssa  to  be  one  which  exisu  be 
tweea  these  two  Bombay  anthoritles.  We  hare  attstaiptad  to  try 
the  figures  of  each  by  the  arrivals  in  Europe,  bat  wUboat  sne- 
eess,  on  aeeount  of  not  haTing  by  oa  sotna  of  ths  iSta tlnsntal 
circulars,  and,  further,  not  knowing  liow  much  of  the  amennt 
sent  to  the  Channel  for  orJeni,  landed  in  ^reat  BriUin.  and  bow 
mncfa  went  to  the  Continent  direct.  We  cannot,  therefoie,  at  pres- 
ent, answer  our  correspondent  more  fully. 

UrRRPOOL,  Oct.  8.-4  P.  M.— Bt  Cabl*  itrom  Litkr- 
poou— The  market  has  ruled  steady  to-day.  Sales  of  the  day 
were  14,000  bales,  of  which  3.000  bales  wars  for  export  and 
specs  laUon.  Of  today's  sales  6,000  balsa  wars  AnericMi.  The 
weekly  aoTsmeat  i«  girsa  as  lollows : 

«S;i'«f.w..k ^J^^-  "^A     ^-     ^» 

7or«mrd«d 1,000  1;0N  tSt 

of  which  Biportets  took. lt.OM  ia,«IW  ll«0 

of  wMrh.pwoUtorttook. 1,060  1000  IMO 


Futum. 
KoNOAT.— Oct.  deliTery  from  8»t.  or  Chts.,  Low  Mid.  clinte,  iSa. 
OcL-Nov.  Bhlpmt'Qi  from  S»».  or  Clias.,  Low  .ilid.  clause.  6X4- 
NoT.-Dec  ■bipment  from  Sav.  or  Clus.,  Low  Mid.  claaae,  t%d. 
Jso.-Feb.  si'.ipment  from  Sav.  or  Clue.,  Low  Mid.  claaae,  6)iri. 
Oct.-NoT.  dellverj  from  Sav.  or  Cbaa.,  Low  Mid.  claaae,  8  ll-18d. 
Oct.-NoT.  ahipmenl  fmm  Sav.  or  Chaa.,  Low  Mid.  claaae,  6  Il-I6d. 
Not. -Dec  BblDmenli  from  Sav.  or  Clus.,'I.ow  Mid.  daoee,  by  sail,  U 

required,  O^d. 
Dec -Jan.  ahtpment  from  Sav.  or  Cbaa.,  Low  Mid.  clause,  by  sail,  if  r»> 

qalred,  SVd. 
Nov.-Dac  ablpment  from  >'enr  Orleans.  Low  Mid.  claaae,  by  (ail.   It 

required,  t!(d. 
TpxaDiT.— Octdellvery  from  Sav.  or  Cbas.,  Low  Mid.  claare,  »  lM6d. 
Nov. -Dec  sblpment  from  Sav.  orCbaa.,Law  Mid.  daaiie,  0  ll-16d. 
Dec-Jan.  sblpment  from  Sav.  or  Chaa.,  Low  Mid.  clause,  by  sal],  ir 

required.  6Xd. 
SepL  sbipmenca  from  Sav.  or  Chaa.,  Low  Mid.  clause,  by  steamer,  it 

required,  6)cd. 
Oct.-Ilor.  ablpment  bom  New  Orleaoa,  Low  Mid.  clause,  by  steamer,. 

If  reqaired.  67id. 
NOT.-Drc  ahipmeot  from  Sav.  or  CHiaa.,  Low  Mid.  clause,  by  sail,  if 

reqidred.  6Xd. 
Waosxaiiar.— Not  -Dee.  sbipment  from  Sav.  or  Chaii.,  Low  Mid.  clause.  i\it 
Dec. -Jan.  slilpmeDt  fiom  Sav.  or  Chaa.,  Ix>tv  Mid.  clause,  by  sail,   I. 

raquired,  ( IS-IM. 
Oct-NoT.  delivery  fmm  Bav.  or  Cha>..  Low  Mid.  clause,  iHi. 
Dec -Jan.  shlpmenU  th>m  Sav.  or  Obas.,  Low  Mid.  clanae,  6  lS-16d. 
Mov.-Dec.   sbipment  fiom  Sav.  or  Cbas.,  Low  Mid.  clauae,  by  sail,  if 

required,  (  IS-ltd 
Jan. -Feb.  ablpment  from  Sav.  or  Cbas.,  Low  Mid.  claute,  by  saU^  if 

required,  tili. 
NoT.-Der.  •hiumcnt  fmm  New  Orleans,  Low  Mid.  clause,  by  saU.  U 

rsqoired,  'd. 
TatraaaaT.— Oct.  delivery  from  Sav.  or  Cbas.,  Low  Mid.  rlanse,  6  IS-l6d. 
NoT.-Dec  shipment  from  Sav.  or  Ctiaa..  Low  Mid.  clause,  6  ISIOd. 
NoT.-Oer.  ahlpaieat  from  Sav.  or  Chaa  .  Low  Mid.  clause,  by  sail,  i%i. 
Dec-Jan.  ablpment  from  Sav.  or  Chaa..  Low  Mid.  claaae,  by  sail,  t^d. 
MoT.-DecshlnaMat  from  New  Orleana,  Low  Mid.  claaae,  by  sail,  7  l-15d. 
Oe«.-NoT.  ddlTcry  from  Sav.  or  Cbas  .  Low  Mid.  clause.  C  iS-lM. 
Mav^l»«.  ahlpasaats  from  Sav.  or  Chaa.,  Low  Mid.  cUom,  by  sail.  If 

reqaifsi.  ONd. 
Jan. -Fab.  sUpoieat  tnxa  Sst.  or  Chaa.,  Low  Mid.  clause,  by  sail,  if 


rMBlnd.  0  I&-1M. 
Fbuiat.— Mof  .-Dec  shl|aiasl  from  Sav.  or  Chaa.,  Low  Mid.  clause,  by  sail,  if 

isqatfed.  tvd. 
Dac-Jaa.  sblnmsst  Ham  8aT.  or  Chaa.,  by  sail.  If  required.  DKd. 
Oct.  dallTary  from  Sav.  or  Ctaa..  Low  Mid.  riausc.  6  13.1-kI. 
Nov.-D(c  ahipoaat  tram  Sav.  or  Chas.,  Ix>w  Mid.  clause,  new  crop. 

(IS-ISd. 
Sept. -Oct  shlpmsnts  floss  Sav.  or  Cbas.,  Low  Mid.  clauae,  by  atcamor. 

If  reqatfcd.  Hit.  • 

Dec-Jaa.  shlpaaaat  from  Sav.  or  Cbas.,  Low  Mid.  clause,  by  sail.  If 

required,  tSA. 
Jan.  Feb.  shunaat  from  Sav.  or  Chaa.,  Low  Mid.    clause,  by  sail,  l( 

r<qni(«d,TI&-l*d. 

Tha  exports  ot  eotton  from  New  York,  this  week,  show  «q 
inorsase,  as  compared  with  Ust  week,  tha  total  rnachinK  i:),.59S 
bales,  against  7,740  bales  last  week.  Below  we  give  our  usual 
labia  showing  the  extiorts  nt  cotton  from  New  York  and  th<'ir 
diraetioB  (or  each  of  the  last  four  weeks  ;  also  the  total  export* 
and  direction  alaee  Sept.  1.1875;  and  in  the  laat  column  the 
lata!  for  tbs  sams  period  of  the  oreTlons  year. 

■smarts  MC«(t«a(k«l*«ft«SB  If  aw  Varkslaeaaapt.l,  IttK 


azroBTas  to 


Umuwil 

Mhsr  Bri  tlah  PosU ....!'..' ! 

ratal  t*  St.  Britata 


Bavre 

Other  French  ports. 

latal  Vrsaak... 


"s"  It  ■a'- 


Siaaaad  Baaovai... 
r».::::::::::::: 

TaUil  t*  If .  Barapa, 

■tala,Opsrto*OlbTaltar*c 

Tatal  npala,  4ce... 
OraM4  Total  .... 


vn 


t,it« 


*.«• 


u 


i» 


i.7SI 


1,000 

i,n4 

t,tM 


Oct. 


n,aoi 


11,(4)1 

m 


i.tn 


l.«M 


7,140 


ia,i«» 


TMal 

to 
data. 


0.098 
ttS 


180 
l,«M 

2387 


4,S« 


3MI0 


31,410 
f,40S 


1,400 

400 
1* 


419 


r,aae     st.tss 


IMi* 


.or  which 


Total  Iswort  of  Iks  wMkl.'.'i; 

"*  -filTh  AasrInsB . 

Actoalazpen 

Amount  afloat 

of  which  Amartcaa. 


14,000 

m,aoo 

14  000 


0.0  _ 

ti;»o 
naow 


41.000 

row 

it.000 

101,000 

tl.OSO 


lUOlO 
Hft,000 
11.000  

The  following  tobta  will  show  the  dally  cloaln«  prtcesofcotton  for  tha  weak 

••-«"ii.::»L,.:«V..-:»lS?lg::R 


Thetollowtngare  the  reeeipls  of  cotton  at  New  York,  Boston, 
Phlladelnhiaand  Raltimora  for  tha  laat  week, and  since  8eot.l,'7S) 


aaw  Toaa. 

BOSTOa. 

FHa.aDsi.r'U 

BALTtaOBB. 

Thta    1 

Sloe*  ' 

Thia  ;  Since 

This  1  Since 

This    Since 

«»k.  1 

Sept.  1. 

week. 

Ssptl. 

week. 

Sepui. 

week. 

Sept.  I. 

New  Orlasas.. 

1,717 

le.na 

Texas   ........ 

t,0B6 

IC.*0», 
IttMJ 

,     , 

•  f  • 

, 

., 

laTanaah 

Mobile. 

•     1,401 

(36 

1410 

MM 

1^785 

1,048 

M18 

Florida 

181 

'su{ 

8-th  Caroilaa 

t,as4 

u,g«: 

—», 

BtO 

1,801 

B-UOsroUaa. 

«ai 

t,4U 

•  >•. 

.a** 

isa 

6It 

VIrglala....  . 
Rorth-ra  Forts 

^sor 

it,ei» 

«»     1,414 

•  >•> 

•  •  • 

1.044 

8,000 

14 

140 

1,1  W      4,00 

, 

5ft5r^.^ 

SM| 

1,S06 

a«fi    MI4 

lot 

U8 

«s 

81 

ratal  this  ysar 

»,818 

7J.W3, 

f,9M|    8,S4< 

I.S80 

».«91, 

i.7»r 

0,810 

ToUl  last  year. 

R.taBl 

80.8>i« 

t,780,   U.4t4>i    LMS!     S.»70l 

1,M7 

4.848 

1.  Ob1( 

«a  Oriaa. 
JWas. 
•snrDAV^-^et  dsOvssy  frem Hew Oftaass. Low  Mid.  cUase,  t  IJIM. 


Bstmil*  Niws. — Ths  exports  ol  cotton  from  the  United  States 
the  past  week,  as  per  lateH  mail  returns,  have  reached  10,448 
bales.  Solar  as  the  Southern  ports  are  concerned,  these  are  tha 
same  exi>orts  reported  by  telegraph, and  published  In  TuKCanoB. 
tCLR  laat  Priday.exeeptQalvestOD. and  the  figures  for  that  port 
are  theexports  for  two  weeks  back.  With  regard  to  New  York, 
we  inoludethe  manifests  of  all  vessels  cleared  up  to  Wednesday 
alght  0/  this  wsak. 


351 


I  THE   CHRONICLE 


[October  P,  l:j'6. 


Ham 

Kotler-  Bar- 

buriE. 

dam.  celona.Total. 

soo 

i3,.';!)8 

604      ....          601 

•  •.. 

5,053 

....     1,411      >.')»■ 

160      ....          »■«» 

48 

.... 

8CU 

Total  bales. 
Haw  York— To  Liverpool,  per  steamers  Wyoming,  8,678  . .  Blela,  l.SSS 
....  Erin,  1,31 1 ... .  Scytbla,  98a . .  .  Clly  of  Berlin,  1,495. . . .  Adriatic, 

1,883  ...per  ship  British  Navy,  433 11,601 

To  Havre,  per  steamer  Pereirc,  264  ihi 

To  lircmcn,  per  steamer  Neckir,  ',.333 1,3»1 

To  Hamburg,  per  steamer  Suevia,  600        60.) 

New  O1U.IANS -lo  Rotterdam,  per  brig  Uenderika,  f-lM 601 

Cbablkston— To  Liverpool,  per  hark  La  Plata,  S,087  Upland  and  86  Sea 

Island 2.0.6a 

Savannah— To  Barcelona,  per ,  1,416  Upland 1,416 

Baltivore— To  Liverpool,  per  steamers  Caspian,  575  ...Mlnoaa,  S04....  779 

To  Riiterdam,  per  ship  Clam,  150  160 

Boston— To  Liverpool,  per  steamer  Batavla,  48    48 

I^HiLADBLruiA— To  Livbrpool,  per  fteamcr  City  of  Bristol,  800 800 

Total 19,(48 

TUepartloulkrs  )l  tUose  ghlpin«aiB, arraai;ed  in  oar  aenal  rorm 
are  ••foUowi: 

•  Liver-  Bre- 

pool.  Havre,  men. 

New  York 11, SCI       26J .  1,333 

New  Orleans 

CliarleHon »,06S     

Savannah 

Baltimore 779     

B..Hton 48      

PhUadelphla 800     

Total 16,181       S'A    1,333       tOO       761    1,418    19,448 

Below  we  give  all  news  received  to  dale  of  disasters,  &c.,  to 
vessels  carrying  cotton  from  United  States  parts  : 

Kebecca  Cltde,  str.  from  Wilminitton,  N.  C,  before  reported  with  boiler 
leaky,  arrived  ut  Baltimore  Sept,  39. 

C*tton  freights  the  past  week  have  bean  as  follows  : 

-w — Havre.' — < 

Steam.  Sail 

c.        c 

«@?< 

Market  steady. 

EoBOP^AN  Cotton  Markets. — In  reference  to  these  markets 
our  correspondent  in  London,  writing  under  the  date  of  Sept. 
25,  1875,  states: 

LtVEBPOOL,  Sept.  23. — The  following  are  the  prices  of  mid- 
dling qualities  of  cotton  compared  with  those  of  last  year: 

^Same  date  1874.-^ 
^-Ord.*  Mid-.  ,-Fr.&  G.Fr.-,  ,-G.&  Fine-,     Mid.     Fair.    Good. 

18  21  »6 

16  17  20 

Mid.  G.M.  M.F. 
7  15-16  8  3-16  »% 
7  15-16  8  3-16    8K 


, Liverpool . — 

Steam.           Sail. 

d.                d. 

Satnrday... 

Monday 

Tuesday... 
Wednesday 
Thursday . . 
Friday.  .. 

5-16®?i            5-16 
5-16aH            6-16 
K®7-lli        5-16 
?i@7-16        5-16 
7-16®J<            5-16 
t-imX           5-16 

— Bremen. — 
Steam.  Sail. 
c          e. 

1  comp. 

1  comp. 

1  comp. 

1  comp. 

1  cump. 

1  comp. 

sr-Hambarg.^ 
Steam.    Sail. 
c.          c. 
Kcomp.    . . 
Jicomp.     .. 
Xoimp.     .. 
Xcomp.     .. 
Xcomp.     .. 
Xcomp.     .. 

The  wheat  market  has  been  rather  spiritless,  except  on  Tues- 
day, when  a  very  large  business  was  done,  mainly  for  arrival,  at 
fl  26@l  28  for  No.  2  Chicago,  $1  32<«il  34  for  No.  2  Milwaukee. 
|1  400(,1  43  for  No.  1  sprin),',  $1  GfRitl  65  for  choice  old  white 
Michigan  (for  export),  $1  43  for  old  amber  winter,  and  $1  35  for 
new  crop  of  the  same ;  with  badly  damaged  new  crop  red  winter 
closed  out  at  SSK'iOOc.  The  export  demand  has  latterly  been  Im- 
peded by  an  advance  in  ocean  freights  from  a  scarcity  of  room. 
Receipts  here  and  at  the  West  have  be«n  moderate,  but  specula, 
tive  confidence  in  the  future  of  prices  has  been  a  good  deal 
impaired.  To  day,  the  market  was  very  dull  and  prices  lower, 
but  80  unsettled  in  the  absance  of  business  that  quotations  are 
noiuinal. 

Indian  Corn  has  been  more  active,  without  important  change 
in  prices.  The  demand  has  been  good  for  export  and  the  home 
trade.  The  corn  now  arriving  averages  better  in  quality  and 
condition  than  for  some  time  past,  and  the  range  of  prices  has 
been  narrowed  considerably.  Ijate  transaotiona  orabrftcod  nnll 
mixed  at  OSdiTOc,  in  store  and  afloat,  and  steamer  mixed  at 
67i^G3ic.,  ntloat.  Wliite  Corn  h.is  been  offered  more  freely,  with 
sales  of  prime  at  TJ'BTS ;.  To-day,  there  were  large  sales  of 
prime  mixed  at  70@70^c.,  afloat. 

Rye  has  been  firmly  held,  bnt,  with  a  limited  business,  prices 
are  somewhat  nominal.  Barley  lias  been  drooping,  aud  the 
business  maioly  in  stained  Crowed  State  at  $1  10  a  fl  12.  Bar- 
ley malt  has  been  dull,  and  closes  lower. 

Oats  have  been  rather  firmer,  with  No.  2  Chicago  selling  at  45 
@16c.,  and  the  offerings  on  a  smaller  scale,  but  the  demand  has 
been  only  moderate.  To-day,  the  market  was  firmer  at  42@47o' 
for  fair  to  prime  mixed. 

The  following  are  closing  quotations : 


30 

MId.P. 

7« 
7H 

Since  the  comuiencement  of    the   year  the 
ipvculstion  and  for  export  have  beeit ; 


Sea  Island. 

16 

17 

19           20           « 

Florida  do. 

15 

16 

17           18            19 

Ord. 

Q.O. 

L.M.     Mid.       G.M. 

Upland 

6 

6X 

8  11  16  6  16-16  7  3-16 

Mobile.  .. 

6 

6« 

b  11-18  6  15-16  7Ji 

Texas..   .. 

6 

6)i 

6  11-16  6  1.6-lB  7K 

N.  Orleans 

6X 

6K 

7             7    6-16  7X 

transactions 


/-Actnalaxp.from       Actual 
Liv.,  Hnll  Aother  eip'tfrom 


Graih. 

Wheat— No.SJpring.bnsh.ll  lO®  1  14 

.<o.S  spring 1  22Q  1  .30 

No.  1  spring 1343  133 

Red  Western 1  loa  1  S6 

Amber  do 1  30d  1  45 

White 1  4fta  I  60 


1876. 
bales. 
American....  17U,790 

Brazilian 5.460 

Bi-yptian.  &c.  12,870 
W.  India,  &c.  I,7a0 
B.  India    Ac.  71,260 


,-Taken  on  spec,  to  this  date—,       oatports  to  date—. 


Tottl,. 


71,170 


261, 5ro 


1876. 
bales. 
108,601 

se.isi 

6,291 

13,784 

173,.",i9 


328,746         346,179 


Klotjb. 

No.  2 «  bbl.  J4  00®  4  75 

Superfine  State  &  West- 
ern..       6  003  5  40 

Kxtra  State,  4c 6  80©  6  05 

Western  Spring  Wheat 

extras 5  70®  8  10 

do  XX  and  XXX 6  l.'S®  7  50 

do  winter  wheat  X  and 

XX  5  85®  8  25 

Clly  shipping  extras..  ..  8  00®  6  40 

City      trade    Anil   family         

brands 6  .50®  8  00 

Sontbf '  n  bakers'  and  fa- 
mily orands 755®825|      White    

Southern shipp'gextraa..  6  1.6®  7  15  i  Baricy— Wcstom 

Rye  flour  superfine 5  OftJ  5  50 

Cornmeal— Western,  &c.  3  sn.'^  3  sn 

Oornmeal— Br'wine.  &c.  4  10®  4  15 


Corn- Western  mixed  . . . 

White  Western... 

Yellow  Western.. 

Southern, yellow.. 

H/o 

Oats— Black 

Mixed... 


Canada  West 1 

State 10; 

Peas— Canada .     1 


IXPOBTS  TBOH  NSW  TOBK.—  -^ 


S83,58i) 


222,760 

Tlie  following  statement  shows  the  sales  and  imports  of  cotlan 
tor  the  week  and  year,  aud  also  the  slocks  ou  hand,  on  Thurfdiy 
•v<ining  last : 

SALES,  XTO.,  or  ALL  DXSORIPTIOHB. 

, Sales  this  week. >      Total       Same 

Ex-  Specula-  this        period 

port     tion.    Total.       year.        1874. 

30,190  1,3(17,410  1,521,1.60 

(i,360      315,450    347.370 

5,300 


Trade, 
kiue.ican.. bales. 25.1 10 

Brazilian 7,010 

Kgyptian 4,8ts0 

Smyrna  &  Greek  1  ,  am 
West  Indian....  )'•""" 
Bast  Indian 7,310 

Total 46,170 


3,340 


450 

190 
6,390 


»,690 
120 
420 


Average 

weeklysalef. 

1875.      1874, 


31,S,0 
8.540 
6,050 


31,870 
7,700 
6,450 


The  movemeat  in  breadstuSs  at  this  market  has  been  as  fol- 
lows : 

, BSOXIFTSAT  K«W  TOIIK. 

, -1876.-— '^        Since 

For  the     Since         Jan. 

week.  Jan.  1.  1,  !?74. 
Flour,  bbls.  84,000  2,641,004  2.t93.!l87 
C  meal. "  .  3,7e8  99,981  146,911 
Wheat, bus.  547.964  2a,'66,826  82,690,711 
Corn  "  .  765.453  18.341,081  25,34J,98l 
Rve  '      "  750       lv6,^10       469,487 

Bailey  "  .  1.^9,659  1.6;3,676  970,692 
OatB        "  .    406,892    7,075,^:94    7.983,929 


1876 

For  tie     Since 

week.     Jan.  1. 

40.918    1,402,724 

6.454        139,673 

5-4.2i7  20,070,070 

355,363  10,l.')9,:i92 

8,17T        154.510 

110 

4,32:       101,089 


-1874. 

For  the      Since 

week.      Jan. I. 

38,855    1,688,880 

3,347        144,T69 

-60.717  29.761,608 

678,e04  16,6fiO,S01 

12,338       56?,18l 

3,000 

2,110         »6,47 


2,670 


American 

Bra^lian  .  . .. 
Bgyplian 
Smyrna  AGr'k 
W.  Indian  .... 
East  Indian... 

Total... 


To  this  To  this 

This         date  date 

week.       1875.  1874. 

3.968  1,391.248  1,519.518 

6,753   351,650  407.712 

127   162,228  186  780 

..  .    2.311  2..364 

5.002       51.321  59,168 

7,147    -600,356  838,105 


60,170  2,556,810  2,897,350  58,050 

I S  locks,— 

Same 

Total.        This        date 

1874.  day.         1874. 

1,919039   849.610  255  660 

494,010   83.720  151,480 

297,124   37,780   48,520 

8,038    1,800   1,.600 

!»7,788    8,410   31,120 

818,(53  232,740  288.830 


60,670 


Dec,  31, 

1874. 

274,780 

82,520 

73,660 

'  23,430 

230,270 


The  following  tables  show  the  Grain  in  sight  and   the  move-* 
ment  of  BteadstulTs  to  the  latest  mail  dates  : 

RKCMPTS   AT  LAKK   AND  RITBR   POUTS   FOR  THIt  WBBK   BNDINfl 

OCT.  2,  1875,  AND   FROM  AUGUST    1   TO   OCT.  2  : 

Barley,        Rve, 

bush.        bush. 

(48  II1S.I  (66  Ibs.l 

1,58,7.66       52,5,39 

'      ■"         8,9,30 

54« 

253 

i.ssi 

16,610 


At- 

CHllCago 

Milwaukee 

Toledo. 

Detroit 

Cleveland 

St.  Louis 30,362 

Peoria.,  S.OOil 

Duluth 2,890 


Flour, 
bKs. 
(196  lbs.) 
29,235 
28,849 
1,737 
9,278 
3,250» 


Wheat, 
bush 

(60  lbs.) 

602,431 

841,255 

171.014 

316,843 

6,000 

2)7.692 

19,220 

73,607 


Corn, 

bush. 

(56  Ihs.) 

891.605 

12.940 

129.078 

4.982 

8,200 

.35.ai8 

106,260 


Oats, 

bn^h. 

(32  lbs  ) 

600,663 

8S.315 

85,568 

27,368 

15,600 

141,234 

171,700 


101,497 
450 
18.792 
60,900 
98,628 
15,860 


21,907  2,662,191  a, 8;«, 647      3,658,6ra     714,070    7n.ll0     884,710 


^ 


BRE  ADSTUFFS. 

Fbidat,  P.  M..  October  8,  1875 
The  flour  market  for  the  past  week  has  been  fairly  active,  both 
for  export  and  consumption,  at  rather  better  prices,  but  a  portion 
of  the  improvement  has  been  lost  at  tho  close,  with  much 
'rregularily.and  an  unsettled  condition.  The  ofTerings  of  unsound 
fiourfrora  new  Red  Winter  Wheat  have  been  less  liberal,  and  less 
sacrifice  has  been  made  to  sell  them.  Large  lines  of  good  to 
choice  Shipping  Extras  for  Oreat  Britain  and  the  West  Indies 
have  been  sold  at  |6.10@8.G0.  The  receipts  of  flour  at  the  West 
and  at  this  market  have  beej  quite  moderate,  and  stocks  are  no 
where  large  ;  but  there  is  little  inclination  to  favor  an  accumuli". 
tion.  Rye  flour  aud  corn  meal  are  both  lower,  but  the  demand  is 
better  at  the  decline.    To  day,  the  market  was  dull  and  weak. 


Total 107,395 

Previousweek 92,6.63 

CorreRi''ngweek,'74.    140,602 
•73.      ■       " 
'72, 
"  "1 1 

"  '70. 
Total  Aug.  1  to  date  . 
Same  time  1874. 


2,107,070 
1.967,660 
2,614..6''6 
1,698.112 
2.246.391 
2,637.262 
1,913,943 
7.67,479  14,925,776  10,829,236 
960,249  17,143,423  10,609,490 

Same  time  1878 1,098.516  23..651,6,69  I7,9:t6,421 

Same  lira?  1872 97-3,968  18,356,18i  18,762,626 


131.312 

146.943 
13.3,129 
153.522 


7.3T2.35I1  I,4.?.6,4.69 
6,891,068  1,392.923 
6,083,681  1,896.382 
6,193,917  2,023,034 


85.434 
73.188 
,64,442 
*i,831 
76,5J7 
165,563 
81,966 
614,086 
373,653 
578  9.36 
526,4!:8 


•  Estimated. 

Shipments  op  Flour  and  Grain  from  lake  ports  for  the 
last  four  weeks,  and  from  Jan.  1  to  Oct.  2,  inclusive,  for  four 
years : 

Week  ended— 

Oct.  2, '76 

1  Sept.  25. '75 

Sept.  18,  "75 

I  Sept.  11, '15 

1  Jan.  1  to  date  . 
I  Same  time  1874, 

Same  time  1873 
•  Same  time  1S72 


Flour, 
bhls. 

122,086 
1119,739 
1I13,K11 
115,4.>i 


Wheat, 
bash. 
1,611,662 
1,584.203 
1,49J.HT 
1,438.390 


Corn, 
hash 
1,097.613 
l.-«1.3'>0 
I,519..3'.9 
1,.376,707 


Oa^s, 

bnsh. 

873,2.62 

684.019 

646.717 

903,102 


Barley, 

bnsh. 
148,651 
133,726 
100,279 
6T,S93 


Ry«, 

hnt-h. 

38,280 

31,213 

84  674 

44  075 

561,740 

933 

0,S1 

694 


October  9, 1875  ] 


THE  CHEONICLE. 


355 


RBOBirra  or  ru>OB  asdormn  at  ssaboard  ports  for  th« 
WBKK  uiDiKe  OCT.  3. 1875.  and  from  Jak.  1  TO  OCT.  a 


Floor, 

bbla. 

T»,71l 

»,M* 

Fortlud 1.9M 

Koalrml «.'■> 

Phltoddphls n.«50 

Btltimora U^in 

McwOrleuu *,tn 


ToUl , 

Pnrlnaa  week 
Oor.  we«k  -Tt. 


Wheat, 
bash. 

on.6>« 
t.9tia 

115.400 
T«.800 


Com, 
buh. 

suns 

ln,40O 

14.914 

iri.800 

17,141 


OtW, 

baeta. 

4«l%ii 

iia,uo 

i!is8 
i(B,aoo 
i».ioo 

4,«!« 


Barley, 
hoab. 

9l.t4« 
4.100 

iV.isVs 
so.vn 


Rre. 
bub 
8,300 
4M 


a,MO 


vofim 

*ll,08i 
MI.M8 


i.eu.e»   i.o».st    VMM     iao.457     it.4M 

l,147,»l«     l.«SI,rO       WMW        14S,«t4       16.4tO 

i,«78,MJ  j.ns,iw     W.W      »'•<•»     *•*» 
Total  Ja«.  I  u>date.&7«s,iM  st.m.er  4a,ntM  >«.«».«^      W^f  2'S} 

8uMtliiM»T4 7,Sti.MB  «.««.•»  4Mlt.TW  H.«0,W     ,i^^    g-JI' 

BuMtiaMlSn A(M4.MS  at-MS.**  «.tSI,n41  irMO.W     tWOJJ   W7.M1 

Bame  time  l^M. »,«I,1S»  liTSiOll  »,SS9,«5  i;.MI,89r     l.«»,l»    466,654 

Thb  Visiblr  BorPLT  or  ti&AUi,  including  tlte  atoeka  In 
gnanTj  at  ir.e  principal  points  of  aecamalation  at  lake  an<^ 
seaboard  porU.  in  transit  on  the  lakes,  the  New  York  canals  and 
br  rail,  Oct.  «,  1875 : 

Wheat,       Cora, 
bsah.         bsah. 
bslassstllMrToric Vm^    1.44a.0U 

Uar.a*!l«3L.--.. ■;.".:  ,JS55 

la  atore  at  Ckicaco 7t7.STT 

In  atora  at  Kllnake* 64l^mi 

la  (ton  at  Oolath. Tl,108 

b  §(•(•  at  Toledo TR.MS 

b  atonal  Detroit SM.TSI 

ta  stars  at  Oewefo Ua.(M 

la  atora  at  BL  lAOls. «ll.744         St.WT        KIM 

In  (tore  at  Peorls Il.a«       tnrTT      14MW         U** 

In  ainre  ai  Beatoa lietSn       iaB;VT  t.5M 

InatoreatToroola HliU  tOO        l&SM      111^18 

la  atore  at  Mootraal :.     Mk.14*        aVM*         I,M1 

bstoraatPhUodalphU tU.«M      MM**       «l*tO        ftJMO 

la  store  at  Baltiawn Uin      «M«        4MM 

Lake  ehipoieDU I.4M.':»       «t.41S      4aS,m 

fUllehlpoMaU IIK,>iS       «l>,040      «ia.OR       I4t,«l 

OaSew  Tork  canals.  .......  t.lM,ll8    UTIjOOO      16ft,lM       ia,tH 


tl  1.006 
•rr).a6t 
sr.t  9 

auion 

>.4M 


Data, 
baah. 

aa.!>M 

■COM 

ivoas 
st«,»t 

n.sas 

taciisi 
is.r" 


BarlcT, 
bub. 

ti.ms 
n.OM> 

»*,sn 

4M6B 

T.'iJO 
T.1M 


Rye, 
boab. 
4.4S7 
t.001 
1.4TO 
148,749 

im 

800 
14.«lt 

7a,94« 

90 
IM 

ioon 
t,MO 
9.ono 

M.18S 


IMal „ t.WT.JM    a<SI,aM 

saptts.  ins. 8,iaa7»  6^747  sat 

OctI,  ISTt rti8.4u«   s.7«s.sa 


I.94MM 

1,««,»H 


(71.917 
9SVMI 


mm 
ni.t-'u 
ita.9»« 


THE  DKT  OOOD3  TRADE. 

PaiDiT.  P.  M  .  Oct  8.  tr*. 
Bnsiasss  has  bs«ii  less  aetirs  with  domsslle  eoBmlMtoo  bosses 
than  durioK  the  Itst  few  weeks,  and  maar  iatMior  }obb«(s  have 
completed  tbi-ir  fall  purchasrs  aitd  retamed  home.  Tbs  jobbing 
trade  has  lievn  satisfactory,  and  (althong h  not  so  brisk  as  when 
last  reported  apoa)  a  liberal  agarreipas  distribntioo  of  assorted 

•uc^«.uaaai8e  Has  Oeeo    rfn:c««0.      l^ilut*.    wtttell    ^a  m  •■nh  en    In* 

portsnt  bearing  opon  the  rest  of  the  market,  became  onsrttled, 
and  tbrre  was  a  break  in  prices  which  caused  hesitancy  on  the 
part  of  buyers,  and  rsatrieted  opermUons  im  other  goods.  Menu. 
faetorers'  agents,  reprcaanting  cottoo  goods,  bar*  acatly  ela*ed 
out  their  accumulations  by  means  ol  prie*  rnnrrMlniM.  asd  stocks 
of  brown  snd  bleached  cottons  in  first  haads  are  dow  eompara- 
tively  light.  Manufacturers  sho«ld  bsar  la  Blad,  bowsrer.  that 
many  of  the  large  Hoes  of  goods  lately  pkasd  bsTs  oRly  changed 
hands,  and  will  not  pass  into  eooasMpliaa  (or  BaDy  weeks  to 
eonM.  The  production  of  prints  has  bssio  fwthareartallsd  by  the 
tomponry  stoppage  of  the  worka  of  tbe  A.  k  Vf.  Spiagne  Ifaaa 
facturiog  Co ,  and  it  is  estimated  that  there  are  now  standing  Idle 
nearly  one  hundred  machines.  Reports  from  the  West  and  Soalh, 
is  ngard  to  the  progreas  of  the  autumn  trade,  are  highly  enoonr- 
aglag.  and  tbe  general  oatlook  is  claimed  by  any  to  be  more 
(aTorable  than  lor  some  yesus  past. 

DoMESTTC  COTTOK  OooM.— The  main  featarss  of  the  market 
are  without  sptcUl  ehaago.     Tbe  p^^kage  trade  hui  been  com|>%r 
atlrely  light,  but  jobbers  hare  placed  a  liberal  amount  ol  goods 
i  n  the  hands  of  distributors.    There  have  boMi  sobs  farther  price 
revisions  in  heavy  aUndard  sheetings,  and  addllleoal  Makss  of 
wide  sheetisgs  have  been   reduced  in  order  to  asM  Ih*  market. 
Cotton  flannels  have  been  in  brisk  demand,  and  all  gradsa  of  the 
most  prominent  brands  are  sold  up  to  reeelpls.     Coloiad  cottons 
have  been  quiet,  and  even  cbevlnta  hare  been  In  IissmiJ  request. 
Corset  jeans  have  been   in  steady   but  limited  demand  at  un 
ebaaged  pricee.     Flat  fold  cambrics  were  rather  inor*  acti»e.  but 
oiled  jaeconets  continued  sluggi'h.    (irala  baga  were  more  In- 
qiired  for,  but  there  was  some  disparity  betwesn  tb«  Tiews  ol 
bnyeis  and  sellers,  which  checked  traosaetiOML    Cottoo   batu. 
warps  aod  twines  wers  ssTerally  in  steady  dwnand  for  moderate 
quantltiea.     Print  cloth*   continued   dull,  and   only  a  few  amall 
sales  were  reported. at  4J<..4Je.  lor  extra  Ms.  ths  market  clisiog  at 
the  former  figure.     Plaid  prints  were  in  fair  demand,  but  chooo 
late  styles  remained  quiet  and  weak.     Ancona  laoey  aod  madder 
priou,  and  Arnold's  chocolate  aod  bios  fsodss  were  rednr»j  to 
7ie. :  aarr.er's  luonrolDga   were  elossd  out   at  O^e  ,  and,  with  the 
•seopUoo  of  a   lew    leadio.^   makes   which   are   Irmly  held,   the 
market  had  an  unsettled  and  drwiping  tondeocy.    Oinghams  eon- 
tinned  active  and  In  light  supply  with  sgeots. 

Do>l«STlcWoOLWiaoou8.-Thero  has  bMo  a  steady,  altboagh 


moderate,  demand  for  woolen  goods  for  men's  wear,  and  transac- 
tions have  been  mainly  restricted  to  small  purchases  b^  cloth  and 
dry  goods  jibbers.  The  jobbing  trade  in  woolens  has  been  fairly 
active,  and  a  leading  package  bouse  .closed  out  a  line  of  1,200 
uiecas  spring  worsted  coatings  at  low  figures.  Cloths  and  doe- 
skins have  ruled  quiet,  and  sales  were  made  in  very  small 
amounts.  Fancy  cassimerea  were  in  limited  request  from  agents' 
hands,  but  were  sold  to  a  fair  aggregate  amount  by  jobbers- 
Worsted  coatings  met  with  fair  sales,  and  a  few  orders  were 
placed  with  agents  for  spring  weights  to  be  delivered  next  month. 
Beavers,  fur  beavers  and  elysiana  have  been  in  steady  demand  tor 
rednoed  quantities,  and  prices  of  leading  makes  have  been  well 
sustained.  Satinets  and  jeans  remained  quiet  in  first  hands,  but 
the  latter  were  fairly  active  with  jobbers.  Repellents  and  fancy 
cloakings  were  in  good  demand  at  irregular  prices.  Flannels  and 
blankets  have  been  doing  well  with  jobbers,  but  package  sales 
have  been  light.  Dress  goods  and  felt  skirts  have  been  active, 
and  were  sold  by  sgects  and  jobbers  to  a  liberal  aggregate 
omonot.  Shawls  oootinoed  sluggish  in  first  hands.  Shins  and 
drawers  remained  quiet  at  unsatisfactory  prices,  but  fancy  hosiery 
was  In  good  demand. 

FoRXloil  Dry  Ooods  —There  has  been  an  irregular  de-cand  for 
Imported  goods,  but  priess  have,  on  the  whole,  been  firmly  main- 
tained, owing  to  the  high  premium  on  gold  and  the  cumpara'.ively 
light  supply  of  many  fabrics.  Dress  goods  have  been  in  steady 
request,  and  black  cashmeres  have  been  active.  Alpacas  and  mo- 
hairs have  not  been  »o  quick,  although  firm.  Black  silks  have 
been  in  better  request,  and  velveto  have  had  an  improving  ten- 
dency. Liioen  goods  were  quiet  but  steady,  as  prices  have  been 
advanced  In  the  Irish  and  Scotch  markete,  owing  to  the  high  cost 
of  flax.  White  goods  were  dull,  bu*,  embroideries  and  laces  were 
mora  active,  and  an  aueiioa  sale  of  real  laces  of  the  Importation 
of  Mesan.  Uoser  Brothers  (late  Duden,  Freres  &  Co.)  was  a 
markad  •aoeaas.  Woolen  goods  for  men's  wear  have  been  more 
•etl*«lB  jobbers'  hands,  but  quiet  with  importers.  Ilosiery  and 
gloTso  have  been  ia  steady  retjaest. 

The  imporutiona  ol  dry  goods  at  this  port  tor  the  week  ending 
Oct.  7,  I'm.  aod  the  aorrssponding  weeks  of  1874  and  1878 
hare  been  as  follows : 

■arsaoD  roa  ooHausmoa  roa  tbs  wsaa  aaoiio  ooroasa  7.  1876: 


.; — >«»-i-^ 

. 1674 . 

—     .. 

1878 , 

Maao/aetBrea  of  wool. . . 
do               cottos. 

Pkcs.   Va/ae. 

•  HI   •»*^« 

Pkva.      Valaa. 
8  5     |8'W,9il 

Pkra 

818 

.    Valne. 
1100.01 

.    «U        t0^988 

Wl        M-<.M« 

53S 

148  10 

to               allk 

•  «9      tn.9* 

■K       B?«,S7S 

8C9 

tOlKI 

.  dor     iw.m 

«)«       WJKi 

4X8 

I>5,n08 

a  KO       111.960 

•»       180.81)         891 

4,199  |l.M7,4ft      9.180  i 

ra  OTTO  TBB  HABaar  ooi 

98.849 

Total 

1   799.841 

Boosa  AVD  iwaoi 

jae  TBB 

SAsa  psbiod: 

Maaafactafsa  of  wool . . . 

•n   trxMi 

908   tsicaoo 

490 

|IM.»n 

do               cotioa. 

m      a9«i8 

98S         •S,7M 

1*1 

M.a  1 

io               (Ilk.... 

IftI        I4B.8* 

88         '.h.m 

lot 

'.M,4.  1 

do                tax... 

!1(          ai66« 

449         9K990 

484 

m.SvC 

MlacaUoaaoM  irj  goods 

19S         IB,9« 

4n      st9« 

181 

44,1  M 

Total  ...     

1.831      |8«,1t0 

9,101    t>Mt.491 

1.179 

(464.678 

Add  eat'd  for  nnaasBpt'a 

8405    I.t«r4a9 

«,ia<     1.541,489 

9.180 

799,841 

Potal  throw*  apoea'k't. 

4.:8«  |l,<aiL688 

8^918  (8.188,980 

8,809  (1.193,917 

s«TsasopoB  WABBBooanfo  ocranis  sabs  rsKioo! 

MoBaraciarea  of  wool, . . 

1.011     1470.916 

3*3        |1(U.1»T 

376 

(IS4.5.-0 

do               coriaa.. 

m       \aMt 

905           SI.OM 

171 

M.<M 

do               allk 

918       »'l.98i 

in       ias.iM 

94 

iM.:n 

do                <ax.... 
mstailoaaoaa  dry  foods. 

T79     mjm 

490        4T95 

888         113.796 
88            18,14» 

817 
16 

5,9«9 

Total         

9  991      I9r..9n 

l,tM     8471.8:8 

rs 

(3«l.»l 

Add  asl' J  for  e'raaaaipt'a 

1818     l.in4B« 

4,198     1.M7.M9 

t.180 

199.841 

VstaloBtarad  a>  the  port  6.861  (t.0n,ll9      S.STl  (9.01},3«7      8,106  $l.llO,6)iS 
We  annex  prieas  ol  a  few  artlclea  o(  domestic  manufacture: 
Collea  Hall  Back. 

Na  8.. 
Mo.  9.. 
No.  10. 


lb 
lfo.0.. 
I«o,l.. 
No.  8.. 
No.  8 
No,  4.. 
No.  8.. 
No.8  , 
NaT.. 


Sad    Drald 
Fleet  wlu. 

'.'..'.'.'.  88 

88 

84 

.  81 


94 
91 


LIf  bt  dock— 
B<ar(8o8.i99ln.. 
do  heavy (9 OS.)... 
Mont.RaTenaMn. 
do  401n. 


Ontario  and  Woodberrr 
USA  Mundard  9<IM  In. 


do 
fo 
do 
do 
do 


8oz. 

Sox. 
10  ua. 
It  ox. 
15  OS. 


Ontario  Twl«,98lQ. 

dn  8»ln. 

Xx  twla"Pelhem*s'' 


m 

*9 
94 
19 
ft 

91 
98 
11 


American 94  50 


Arao«k*»ag.. 

KtcH«ior  

■.ewUloo 

PiaakllDvMls.. 

MoDUap 

<l«»»«ar 


Dirlto. 


Tl. 

Ir»lnf 

Ui 


98  00 
97(0 
98  80 
H99 
9T00 
98  00 


18 
9 

18 

88 


Kapree<  6  to  19. 
Peadleton    do 


14 
94 


Bags. 

lOnUrloA 80  no 

I   do     B 88  00 

do     C  40  09 

PowbatUnA..  97  00 

do         B..  88  00 

do         C.  40  00 

AtkntJc 91  00 

Cotton  Batla. 

I  (laoovsr lo 

I  lytnn 18 

|Ja<3tMm 90 

I  Hoocallnjiin U)t 

Cotioa  Taraa. 

IDoilceant    8  to  11..     94 
I  Poatanoy     do  94 


SUrk  A 97  no 

do    C  a  btmh  .111  00 
81  M 

-   SO  00 

I     do   B  ..  88  00 

I     do  C «i  flO 

ICaaco 97  00 


do     t}(  bonh 
iPbilsA.... 


I  Kock  Iiiland 
I  Rtii«tilan.   ..  , 

I  SlandanI 

I  Wyomlnjj. . . . 


IS 
I« 

!* 


(IXL 

|kxx 


6toll 14 

do     1 


356 


THE   CHRONICLE 


[October  9,  1875. 


UBNBBAL 

PRICKS  OUftKKNT. 


s  a 


»« 


Hit 

1  30  a 


so: 

O  14  00 

e  su  on 
a   1  i3 

«      .... 

«  88  00 

a  IS  00 
a  31 00 
a  ss  00 

<r  <'^  00 

@'M  00 

a  .iJ  00 
a  20  00 


3  25 

s  ;5 

5  Kl 
S50 

■Jx 

12 
I  3S 

S5 

E3 
SI 
SO 

laK 
lOH 


8  75 
_   12  110 
..»  la  00 


19K9 
2aHa 
21  a 
2ma 

20  a 

21  a 

20X* 
20S* 

18  at 
211  a 
i»  a 

31  a 
3IJ  a 

31 


17 


18X 

20* 

21X 

21 V 

29 

22 

2;i 

2IX 

18H 

2i 

22 


23H 


2X 
24 

S» 


9 

a 

4  87X9 

....3 

1  75    a     I  9U 

38  OU    &  40  00 

sxa 


Pot 

BKBADSTO  FP8— SeBtpeclKl  report. 
UUILDING  JIATEU1AL8- 

/ir<cit<— Uommon  Uard.aSoat 2  75 

Crolon 1100 

PtilUilelphU 28  I'O 

C«^7w;t(— li  iBfilnlale' 115 

Xim«—I(<)cklftnrl.  common i  10 

liockUnrt,  ttnUhlne 130 

Lumber— Soalhera  f'Te 25  JO 

Willie  ptne  box  boardt 15  W 

Whito  pine  mercban.  box  boards.  H  00 

<'lcarplrie 45  00 

Oak  and  ash JO  00 

UUckwiiluut 75  00 

Snrure  boards  A  plaulcs 18  00 

Hfmlock  boardsA  ptanks 16  DO 

ara(I<i— ■.oasort.om.fen  *  »h.»  keg    8  10 

Clinch, 1><  to  Slu.&loiigor 4  75 

Idllne 5  45 

CotbplkeB.alUlzea 3  45 

iVXnU— Lead,  white.  Am,  pure.  In  oil 

Lead. wh.t  Amer^.nure  dry 

Zinc,  wh.,Amer.  nry.  No.  1 

Zinc,  wh..  Amer..No.l.1n  oil 

Parli  white. Rn«rll8h.  prime  gold... 
BaTTKK— (Wholcaalc  Prlce>)— 
Half  t\rkin8(Kast'n>  Sas  to aeloctlons       22 

^TelBh  tubs,         ....       32 

HairnrklnKWeKt'n)  "       "         ....       13 
Welsh  tubs         ....       18 

O  H  KKBK~— 

New  State  factory,  fair  to  good 11 

Wcslern.good  to  prime 8 

COAL- 

Aothraclte  (by  cargo) 5  75 

Ltverpoolgas  caniiel 

Liverpool  hoasecannel 

(JOFFKE— 

Klo,  ord.  cargoes,  6Oa90  days,  geld. 

do  fair,  do       gold. 

do  (food,  do        Kold. 

do  prime,  do        gold. 

JavK.mats  and  bags gold. 

Native  Ooylon Kold. 

Maracalbo   gold. 

Uagnayra goid 

St.  Jomingo gold. 

Savantlla gold. 

Costa  Klca    gold. 

COPPKK- 

Bolts .- 

Sheathing,  new  (over  12  oz;  

Brazlers*(over  16or..) _ 

American  Ingot,  Lake 23^3 

COTTON— See  special  report. 
DBDQS  &  DTBB— 

AInm,  inmp a 

Argols, crude gold 

Irgols.reflned " 

Arsenic, powdered •• 

Bicarb,  soda,  Newcastle •' 

Blchro.  potash,  Scotch " 

Bleaching  powder •' 

Brliiistonc.crude.per  ton •• 

Brimstone,  Am.  roll WB  ., _ 

Camphor   refined 23xa 

Castoroll.B.l.lnbond,*! gal. .gold.       70    " 

Caustic  soda '■ 

Chlorate  potash 

Uochlneal, Honduras •' 

Cochineal.  Mexican " 

;ream  tartar *' 

uUbebs.Kast  India 

Jntoh gold. 

aambler 

Ginseng cur. 

Glycerine,  American  pure " 

Licorice  paste,  Calabria 2»    _ 

Licorice  paste, Sicily 25   a 

Llcorlcepaste.  Spanish,  solid.,  .gold      20    ® 

Madder,  Dutch "  Si^m 

Madder, French »)49 

NntgnllB.blne  Aleppo I4a 

or.  vitriol  ffi6  degrees) ...         iva 

Opium,  Turkey  ....(In  bond),  gold.   4  SIH8 

Prnsslate  potash, yellow.  Am S3   a 

Quicksilver gold.  „  «'   a 

Solnine cur.    2  28    a 

Khubarb,  China, goodtopr....*  tt.      45    a 

Bal  soda,  Newcastle gold     145   a 

Shell  Lac ,55   a 

Boda  ash,  ordinary  to  good gold    1 '5    B 

Sugar  of  lead,  white 18    a 

Vitriol,  blue. common 8Ha 

FISH—  Store  Prices. 

George's  and  OranI  Bank  cod 5  23    a    5  7S 

Mackerel,  No.  1,  shore  (new) 

Mackerel,  No.  1,  Bay       . .. 

Mackerel, No. 2.  shore  (new) !«  00 

Mackerel,  No.  2,  Bay 

FLAX— 
North  Hlver, prime »  *       15 

FRUIT- 

Ralslas,  Seed  less,  new 8  OJ 

do     Layer, new 2  50 

do     Sultana,  new 16 

So     Valencla.new 11 

do     Loose  Muscatel,  new 8  15 

Currants,  new 

Citron, Leghorr,  new 

Prunes,  Turkish 

do        French,  nsw  

Dates,  new    .'. 

Figs,  nsw 

Santon  Ginger »  cue. 
ardlneB,»hl.boi cnr. 

SardlnSi,*  or  box " 

Macaroni.  Italian 

Domestic  Dried— 
inpies.  Southern,  sliced,  ISJa  crop. 

5o  '*        quarters  

do      Btate.sllcel 

do  do    quarters 

do       'Western,  quarters 

Peaches,  pared  Western 

do       do  Gi.  goo  1  and  prime 

do       do     N.  Carolina,  prime 

do     unpared.  halves  and  qrs 

Blackberries, new 

Rispberrles,  new 

Cherries 

Plnms 

HKMP  AND JUTE- 

Amerlcan  dressed *  ton.  2S5  00 

American  undressed 

Uussia,  clean gold.220  10 

Italian .-    "    260  00 

Manila *I>  7 

BIBS). 5 


4S7Xa 
19X4 

42  a 
42Ma 
35  a 
loxa 
....a 

5S7Ma 

1 15  a 
IS  a 

13 


4  62H 

;o 

55 
45 
86 

6  00 
1  25 

is" 

SS 

28 


8X 
7X 
14H 

li' 

83's 

95 
2  S</ 
1  50 

1  5i 
67 

2  25 
■.8K 

8X 


I  26  00 

..«       ... 

a  17  00 


7J<» 
24  V  « 

8  a 
,!*<» 

!'..! 

1SX» 
10    (% 

9«a 

9  a 

8X» 

....a 

14   a 

6V« 

....a 

..a 
16  a 


140 


QUNFOWDER- 

BLASTO'O,  POB    RATUtOADS,  AO. 

Soda,  any  size  grain,  lu25ib  kegi 12  50 

Saltpetre         do  do        8  00 

BPOBTINO. 

fclectrlr,  Nos  1  to  5  grain,  In  1  *  »q.  cans 100 

Diamond  grain,  In  IB  cans 100 

Orange  llght;ilng,  No«.  1  to  7.  in  lib  cans 1  (10 

BupcrAnit  eagle.sporlln2.  In  IB  oval  cans 70 

Amorlran  sporting.  In  IB  oval  cans  70 

Urangeducking,  Nos.  1  to  5.  in  IB  iftui 70 

I>nck  Sh  lotlng.  N  8.  1  ti  5,  In  6)VB  kegs S  44 

Ka?iL"  duck  Khooti  ig.  Noj.  I  to  3.  In  6)<  B  ki-gs  3  41 
Orange  ducking.  Nos.  ItoS.  InSI*  B.  kegs  .  8  44 
Ragle  luck  snooting,  Noi.  1  to  3.  U)<B  kegs,    «  " 

Duck  fhontlnn,  Nos.l  to5  gr.,  12XB8 

H,zar1'RKe   tucify  r.flc,  I  i    'Val  IB  cans 

Jiupom's  rifle  Vx.Yr<i,  FFPg.iB  cats 

Puponfs  rifl/,  FVu,  FKFg.  6J<Bs 

Hazard's  Kenincki-  rifle,  FFFg,  FFg,  and  Bea 

Shoot'ng  Kg,    61,'lb  kugs 

Dupunt'»  rifle,  FFg,  FFFg.  liXB  k»gs  

Hazard's  Kc   lucky  rlflf,  FFFg.  FFg,  and  Sea 

BhootlngKg,  r.'HB  kc'B  

Orang.'  r  fle.  Kg.  KFg,  FFfg.  25B  kees  

Hsz.r.l's  Kentucky  r.Ile,  Fg,  FFg,  FFFg.  25B 

kegs _ 

Dopant's  rltle  In  2^B  kegs 4  75 

HAV- 

Shtnr'r.l V  lOU  B  «Jit 

HIDES- 
/)rtf— Buenos  Ayres,  selected,  gold       ?\    a 
Montevideo,  do....      "  22H'a 

Corrlentes,  do....      "  20X9 

Kio  Grande,  do....      ••  2;    a 

Orinoco.  do..,,     '•         2'.X* 

California.  do...      "  21    e» 

Matam.  and  Mex,  as  they  run     "  19    a 

Maracalbo,  (lo....     "  16Xa 

BahIa,  do...,     "  16>4a 

/)r!/iSa««l— Maracalbo, do....     '•       a 

Chill,  do....     "  16   a 

Pernambuco,  do  ...      ••       —    a 

Savanilla,  do  ...      "       ...    a 

BahiR,  do —      "       ....    a 

IF«(SoiIed—Buen.  Ay,  selected     '•         luxa 
Para,  do  ...      "       ....    a 

California,  do "         10   a 

Texas,  do....    cnr.        9X8 

£./.«lact— Calcutta  slanght...  gold       11  xa 

Calcutta,  dead  green "       ....    a 

Calcutta  buffalo ...     '•         10    a 

IRON-- 

Pig.Araerlean.No.l 25  00  3  26  50 

Pig,American.t.o.2 29  00  a  21  50 

Pig,  Amorlcan,  Forge 20  W  3  23  I'O 

Pig,  Bcotcn 29  60  a  38  50 

Store  Prices, 

Bar,  Swedes, ordinary  sizes ISO  00  3140  cd 

Scroll ■"  50  ®122  50 

Hoop 82  50  al33  50 

Sheet,  Russia,  as  to  assort gold.       12X®       ISX 

Sheet,  single, double*  treble, com.        4  ®        4v 

Kails,  new,  English gold  60  00  ®  52  00 

do    new,  American cnr.  50  00  ®    — 


(88 

45 

45 

1  45 

1  45 

2  62 

2  62 
4  75 

4  75 


24H 
2ix 


22 
21 X 


13 

14 

1.>X 

11 

9 

ii" 


LEAD- 

Ordlnary  foreign *  lOOlbs,  gold  7  12X4 

Domestic "     5  7''    a 

Bar 85^* 

Sheet 9X® 

LBATHER- 

Heralock.Buen,  A'reB,h..m.&t  26    a 

••       California,  h.,  m.  &T. 25    a 

•'       comm'n  hlde.b.,  m.  &l 25    a 

■•       rough 27    a 

Slaughter  crop «    a 

Oak.  rough J»    a 

Texas. crop **'    • 


7  25 
5  80 


8  00 
23X 
»X 
14 

lOX 

ex 

10 
16 

i!^ 

S3 
26 

18 


WW 
27 

28 
SS 
SO 
84 


SO 
31 
35 
40 
42 
S'l 
50 


2  2.1 

2  25 
2  10 
35X 

1  7,5 

2  10 

6  GO 

7  OO 

OAKCM— navy  to  best  qoallty...»B.        7Xa        9!k 

on.  CAKB- 

ntv  bag gold       — a    — 

Western..... cur.  45  00    8  50  00 

OILS—          ^         ^  ,. 

Cotton  seed,  crude 45 

Olive,  in  casks*  gall 1  15 

Linseed,  casks  and  bblB 58 

Menhaden,  prime  L.  I.  Sound S3 

Neatsloot :•••,••. « 

Whale, bleached  winter (5 

Whale,  Northern ... 

Sperm.crnde.........  }  " 

Sperm,  bleached  winter 1  83 

Lard  oil.  Winter 107 


MOLASRF.S-         ,       ^  •  .      .  », 

Cuba,  centrifugal  and  mixed M 

Cuba, clayed 82 

Cuba,  Mns.,  refining  grades 82 

do      do    grocery  grades 86 

Barbadoes , =8 

Demerara »' 

Porto  Rico 40 

N.O.,new,fair  to   choice  ..»  gal.  65 

NAVAL  STOKES- 

Tar,  Washington 

Tar.  Wilmington   

Pitch,  city _      , 

Spirits  turpentine . . .  ■•■••.■■-•  J  ?«' 
Rosin  com.  to  good  strain'*  V  '^*'' 

•■     No.  1 .. 

"     No.2 

•'     pale  to  extra  paid 

••     wiadowglas.. 


bl. 


2  12X» 

....  3 

2  on  3 

S5  @ 

1  6S  3 

2  50  3 
:  85  3 
4  23  « 
6  73  a 


50 

1  20 

61 

1  so" 

80 

70 
1  50 
1  85 
1  10 


81LK- 

T8atlee,Nos.2  toS v  B  5  25  a 

Tsatlee,  re-reeled 5  (0  a 

Taysaaui.Nos.  I  ft2 4  75  a 

Canton,  re.reeled  No.2 Cotngonn..  4  75  a 

8PELTER- 

f'Telgn 100  B.gold.  7  12Xa 

Domestic cur a 

8PICKB- 

Pepper,  BatavU. gold  ..  a 

do         BInKapore 16X3 

do         white 21  a 

Uassln,  China  Lignca 2S  a 

do       Batavla 22  a 

Gluger   African 11  a 

do     i;alcntta 10  a 

Mace  r 1  10  ® 


Pimento,  Jamaica 

Cloves 

do    stems 


SPIRITS- 

Brandy,  foreign  brands fi  gar. 

Rum— Jam.,  4th  proof " 

St,  Croix, 3d  proof •• 

Gin •• 

Domestic  Ho «or«— Cash . 

Alcohol  (iOperct)  C*  W car. 

Whiskey " 

STfCKL— 


lika 
90  • 
16    a 

gold. . 


6  75 

6  75 

5  go 


7  87X 
725 


1«X 
25 
23  X 
24 
HM 

1  is" 

I  05 
IS 

ii" 


S  50 
S  6.^ 
8  45 
800 

2  26 

1  13 


15  00 
7  00 
S  65 
SiS 


-r  „        .0..^,  Blore Prices. 

gllsh,  cast,2d4fcl8t  quftUi^  w  11,^^,1,1        iikc.«  a? 

English,  snrlng,2d  Alst  quality..  "  6ka  7 

Knglish  blister, 2d&lstquallty. .  "  (a  14 

Ent'Ilsh  machinery "         lOX®  U 

English  Uerman, 2d  &  Ist  quality  "         10X&  UX 

American  blister cor a  > 

American  cast,  Tool a  18 

American  castsprlng a  10 

American  machinery a  11 

American  Ciennac  spring a  .... 


.  8®  18 


8DGAR- 
Cuua.lnf.to  com.  reCr'ng 

do    fair  to  l^ood  refining. 

do   prime,  refining 

do   lair  to  good  grocery.. 

do    centr.hhds.  &  bxs,  Nob. 

Molasses,  hhds  &  bxs 

Mel  ado 

aav'a,  Box.D.  S.Nos.  ?®» 

do  do  do    IO312 

do  do  do    ISaiS 

do  do  do    16318 

do         do         do    \^@i\i 

do  do  white  

Porto  Rico, refining, com.  to  prime, 
do         grocery,  fair  to  cnolce.. 

Brazll.bags.D.  S.  Nos.  9ail 

Java,   do.  D.S.,  Nos.  10812  

Manila  

N.  0..  refined  to  grocery  grades... ... 

SuliJMd— Hard,  crushed *B 

Hard,  powdere:; 

do     granulateu 

do     cut  loat 

Soft  white,  A.  standard  cenlru... 
do       du      olf  A 

White  extra  C  

Yellow      do       

Other  TelloT 


TAI/LOW- 
Prlme  city,  »  » . 

Weatern,*!  B  ... 


7  a 

7va 

8X» 

sxa 
8xa 
«x» 
5  a 


8va 
9xa 
loxa 
9«a 
7xa 
8xa 

7X<is 

"X® 
7X3 

...a 
nx® 
loxa 
iixa 
11  xa 
loxa 
lox® 
10x8 

9X3 

»  9 


lox® 
...a 


25 

so 

46 
75 


60 
90 
80 
42 
65 


Lardc 

PETBOLEITM- 

Crude,  in  bulk 6?s«  6X 

cases.. "Xa  17» 

Refined,  standard  white 125(3  18 

Naphtha,  City,  bbls 3  11 


TEA— 

llyson.  Common  to  fair cur 

do     Superior  to  fire 

do     Extra  fine  to  finest 

do     CholceBt 

roung  Hyson. Com.to  fair 29 

do  Super.to  floe,  "^ 

do      Ex. fineto  finest 

do       Choicest 

Bunpowder,  com  to  fair... 
do  Sup. to  fine.. 

do   Ex.  fine  to  finest 

do    Choicest 1  10 

Imperlal.Com  tofair 2? 

(.0        Son.  to  fine ™ 

do        Kxtraflne  toflnest 58 

Hyson  Skin. 4  Twan..  com.  to  fair.       21 

do  do      Snp.toflne 27 

do         do      Kx.  flue  to  finest..  ^ 

UncoloredJapan.Coni.to  lair.. 

ao         Snp'rtoflnc 

do         Ex.finetofinest 

Oolong,  Common  to  tair«M« 

4o     Superior  to  fine 

do     Kxflneto  finest 

do     CholceBt 


Vi 


8X 
»X 

'^ 
7X 
8X 
9X 

10 

lox 

w\ 

8X 
B« 
7X 
8X 

11 


IDX 
10 
9V 

lox 


29 
40 
53 
85 
83 
55 
80 

1  10 
87 
55 
80 

1  20 
3S 
48 
Ti 
26 
29 


Nominal. 


48 

60 
2-1 
36 
55 

85 


Bone .  &  Cong.,  Com.  to  fair 27 


do 
do 


Snp'rto  fine., 
Bz.  fine  to  finest.. 


24 

20 


a  22  25 
®  16  50 
a    .... 

3  10  00 

a  11  so 
a  25  so 


Jute. 


S)4« 


»2sooa 
®  .... 

3225  00 
3275  00 
a         'X 

a 


eUMNlBd.— See  report  uuoer  CoUob. 


PROVISIONS- 

Pork  new  mess Vbbl.  22  15 

Pork,  extra  prime "      16  00 

Pork,  prime  mess 19  50 

B.iel,  plain  me™ '        8  50 

Beef,  extra  mesB "      I"  50 

Beefhams.new nom.  25  00 

Hams. smoked *  B       -«    *       n 

Lar.',  City,  steam a       133( 

Carolina,  fair  to  choice 7K«j        8^ 

Louisiana,  good  to  prime ,.  ,    'X®  „  Jh 

Rangoon,  m  bond gold.  2  67X3  2  70 

Patna "V®        7 

^TurkslBland 28    a       25 

Bt  Martin's 26    a       28 

LIvarnooi.Tstioaa sorts »1  sack.    140   ®    2  60 


TIN 

Bancs BOW 

Straits „ 

English ,i;"'5 

Plates. l.C.charcoal IS   t 

Plates.chsr.terne 7  uu   a 

TOBACCO-, 

Kentucky  lugs,  heavy... "    «• 

"  leaf,  .-• 

Seed  leaf— Connecticut  wrappers'TS 
••  Conn.  &  Mass.  fillers.  "73, 

Pennsylvania  wrappers. '72 18 

Havana,  com.to  fine...... ou 

Manufac'd,  In  bond,  black  work 17 

"  •»    bright  work 25 


42 
54 
79 
SO 
52 
70 
97 
S4 
52 
85 


20X 
19X 

7  50 

7  25 


9X® 
20    ® 

7  a 
a 
® 
a 
a 


BALTPETRE- 

Refined.pure *,» 

Crude KOld 

Nitrate  soda 


.a     13X 


SEED-  „ 

Clover,  Weatern *  B 


5X9 
2XS 


1,1 


8X 


Timothy 

Hamp,forflgn ..•■ 

Flix, rough 1  6J 

Uiuesd.CalcuttatiStBgolaCtlme) 


.  13X 

bnsti.  2  60   a    8  00 

'     I  90 

1  70 

1  83 


WOOL—        ^_                                    „.  ., 

American  XX.....J... »»  « 

American,  Nos.  1  ft  2 43 

American, Combing 5.5 

Extra, pulled js 

No.  1.  Pulled 2' 

California.  Spring  Clip- 

Superior,  unwashed ^« 

Medium.. ■"' 

Coarse — 

Bnrry  L"j"" 

South  Am. Merino  unwashed. 


22 
19 

__  29 

Cape'do'od"  Hope,  unwashed 32 

Texas,  fine 5' 

Texas,  medium.... ■■  •  •  •       ' 

Smyrna. unwashed  gold.      is 

*Se^ Vt.gold.net         9 


9 
13 

45 


48 

50 
(5 

46 
31 

32 
SO 
25 
22 
S2 
F6 
83 
SS 
23 


«X 


FREIGHTS— 

ToLlT«»POOI.: 

Cotton *  B. 

Flour JJibl. 

Heavy  goods,  .v  ton. 

Oil  ••,"• 

Corn.b'lkftbgs.  »lin. 
Wtaeat,  bulE&bags.. 

Beet *tce. 

Pork VbW. 


, —  STKAM 
».  d.     H.    rf. 

7-163    H 
SO    @  .. 
85  0    a40  0 

40  0  a.... 

SX3.... 

9  a.... 
5  6  a... 
4  0  a.... 


, — .  . BAIL.- 


a 

a 


2  6 
25  0 

35  0  8 

7X* 

8  » 

4  6  a 

8  8  a 


5-16 


AND  W 


xmtk 


HUNT'S    MERCHANTS'    MAGAZINE, 

REPRESRNTING   THE    INDUSTRIAL    VND  COMMERCIAL  INTERESTS   OF  THE  UNITED   STATES. 


VOL.  21. 


SATURDAY,  OCTOBER  16,  1875. 


NO.  53S. 


c  o  N  T  e  M  r  8 . 


THI  CHBOmCLB. 


Th«  tnflaUoDlM*  tiid  Uwlr  Strar- 

ttm an 

Mr.  ^aWrit  wad  OrawbMk 


Ml 


b«r.  todfraaJia.!  toBcpUM 

Cnrreat  Tapta •■< 

LalMt  If  oaalWT  tat  OoaaanW 

■oKHthKcin m 

OommercUl  iM*  MlaoilluMoaa 

H«wi IM 


3U 


Tb*  OottM  BsUraad*  Of  lodto. . 

lUUniad  tmiaat  te  8«pUBi- 

TBB  BXMKAB8'  OAZITTI. 

■uM/ l(wk«I.U.  8.  SmdIUc^  I     Buko,  «c 

Ballway  MeAm,  Gold  lUriut,  «inouth»s  of  S'.sck*  aad  Bond* 

tonlgn  tTf>«Bgi,  Haw  Tork  InTatmrat  ud  Suta,  CIt;  sad 

Wr  auka.  BoMDB   Buka,  Oonxmtioa  VtMscM Mt 

TB«  COMMBNCIAL  mUB. 

(ninrrOood* m 

<n  I  Prico*  Ciincnl HO 

_^^^....        fTTI  


ThB  COKMBBCIAI.  and  PINAMCIAL  ('nKO!«IClJI  M  itiuM  miamt 

daif  mominf,  uttA  th4  iMett  neiat  up  (o  midnight  »f  PrlHmg, 

TSBSi  or  mscKimoa-rATAiLX  i>  botavob. 

Tu  Oowmnwini,  asd  taASOAi.  Cbbommu,  daUvmd  bjr  anlw  la  aHy 
■abaeribtn,  and  maUwl  to  all  otban: 

J''O:'*J-t0ac>mmmtpeM»a»). «K  fl) 

For  fliz  Moatha. , »  Jl 

BatMCripdaaa  win  b*  eDaUaaad  oBtll  ordind  lli|iVll  bg  a  miOm  cr4tr 
•r  mt  IMpt^Mmtlm  90et.  The  l>ai>UaB««  caanot  ka  napoaaihU  foe  ilaalt- 
taMaa  ealaaa  aMda  br  Otan*  nr  PoatOflM  Moaar  Otdan. 

,  B<vattla«aa*Bta. 

,_2™>"aM  adTattlaMa«nU  «n  paMlthad  at  15  caaia  par  Itaa  for  aack 
:!S!^!!?fr  ***  T***"  '•A>>ta  atd«a  an  (tiren  far  1««,  or  aora,  laallnw.  a 
lUNral  diamat  la  aada.  No  pramiaa  or  eoailaaoaa  pabHeitlua  la  Iba  boat 
Pianeaa  ba(lTaii.aaaU  adT«rUMr»aia«t  harafiqaalanartaidUaa.  toaaal 
MaCiaaa  la  BaaUnc  aad  naaadal  eolamn  W  ranu  par  Ga.  aacB  laaatVoaT 

_.    .     .       _  l.aa4oa  oai«a. 

Tha  Loadaa  oSea  at  tk§  OBBnirtcT.a  in  at  No.  B  AatOa  rrtara.  Old  Braad 
alraal.  wfeara  aabacrtpUaaa  aia  usaa  at  tk«  foHowlMAlaa: 

AraaalSabacrtaHoalAlkaChfOBlcleOadadlnf  poalac*)  ■•  t>    *•■ 

Blx  Moatha'  raaanlpllua  I   ^. 


wnxiAa  a.  basa.   i 
soma  a.  non,  n.  f 


WILLIAM  B.  OAMA  *  OO,  raMlaba>% 
"       -  -  WiUtnaa^a^  KBW  T 
Poar  Of fHiB 


'ORE. 


■  *y    *„''.'"'  «l»-eoT«r  U  fantUhed  at  SO  mdu;  poataca  oa  tbe  aama  I*  1« 
eeat*    Volamaabaaadforaabaeribanat |1  SO. 
V~  AoomplaUMtoriBaaoanaauL  An  Fumwm,  Owwiaia    Jaly 

liSj£jt*?S? .'"^-.'•J!!*!^?^    Alao  oaa  aa« of  Htnrta Maamuji n 
■AaABna.  wm  U>  IBtl.  M«t|>4|gaa  aala«a»a. 

ylnaadal  Idictx;.  In  Krw  York  City  by  Mr  Krcl.  W    Ion  ■.. 


THB  l.\FL.4TI0.\IST8  .iSU  TUEIR  SIRtbtLKS. 
The  eiforta  which  the  inflationiiitti  are  nuiking  nil  over 
the  ponntry  need  oanse  no  aoxietj  im  to  their  ultimate 
resnlt  in  inflaencing  public  opinion  or  directing  the 
policy  of  the  country.  They  will  fail  of  their  legitimate 
effect,  howerer,  if  tliey  do  not  Btir  up  the  loond  cur- 
reoey  men  to  nae  the  mo«t  fit  meann  for  informing  the 
popular  mind  and  rcnponding  to  the  d«ire  which  is 
everywhere  npringini;  up  for  noiind  inirtrii     '  f  I,e  cur- 

rency qnedtiou.     The  activity  which  th.-  i.it«  arc 

putting  forth  sbonld  stimulate  and  stir  us  up  to  surpass 
them  in  peniatent,  well-directed  effort.  On  Thnniday 
evening  General  Bntler,  one  of  their  chief  apostles,  de- 
livered at  the  Cooper  Institute  an  address,  which  in  m.nny 
points  was  good  and  in  all  respect*  soggestive.  He  ha.s 
placed  himself  at  the  head  of  this  new  movement,  and 
his  utterances  .ire  entitled  to  more  notice  on  tliat 
ground.  General  Bntler  has  too  little  scientific  precision 
/rf  thought  and  too  much  confldenoe  in  his  own  force 


and  knowledge  and  skill ; — he  knows  too  little  ot  financial 
Iiiitory,  and  trusts  too  thoroughly  to  his  own  eloquence, 
for  OB  to  expect  him  to  offer  to  his  disciples  any  very 
oooaiBtcnt  financial  creed.  Still  we  must  concede  to  him 
the  distinctiou  of  presenting  the  theories  of  the  inflation 
hereey  in  a  more  seductive,  insidious  and  dangerous  form 
tlian  haa  been  uxual  with  inflationist  orators. 

The  first  point  insiBted  upon  in  the  address  of  Thurs- 
day VBB,  that  there  are  certain  departments  of  our 
currency  system  with  which  the  Government  should 
never  meddle.  This  concession  was  very  adroitly 
plseed  at  the  beginning  of  the  Generars  harangne, 
and  it  had  the  desired  effect  of  conciliating  his  oppon- 
ents and  winning  for  himself  the  attention  due  only 
to  a  aincera  and  candid  teacher.  Our  Government 
xhonid  not  meddle,  he  said,  with  the  fractional  currency, 
wliich  is  ooDTenient,  cheap  and  popular.  Any  attempt 
to  aobetitnte  for  it  silver  coin  could  1>e  deferred  with 
a>l  vantage.  Secondly,  the  <Tovemment  should  not 
meidle  with  the  international  exchanges  of  the  country 
or  Irfth  the  currency  in  which  such  tr:ini>»cti<>ns  arc 
liqtidated  and  paiiL  Thirdly,  the  Government  cannot 
interfere  much  with  that  |>eculiar  currency  in  which  is  car. 
rid  on  the  grand  system  of  interior  business,  with  iUf  tidal 
inorementB  from  shore  to  shore  acrosK  this  vast  conti- 
iieBt,  from  the  Atlantic  to  the  Pacific.  That  busineas 
ha  for  iti«  currency  the  check-book,  the  bill  of  exchange, 
tlio  draft,  the  promissory  note,  the  books  and  the  ledger 
of  the  banker  and  the  merchant. 

Paasing  by   these  important   parts  of  the   currency 

■lomain  upon  which  it  is  forbidden  that  the  Government 

hliould  enter,  General  Butler,  after  amusing  himself  and 

his  audience  with  excursions  in  the  fields  of  American 

and  Snglish  finance,   turned   to   the  question  what  onr 

'i'tvemment  can  do  and  ought  to  do  for  the  work  of 

( iirrency  reform.      This  was  the  point  on  which  every- 

t>ody  wanted    information,   and   to  it  General   Butler 

re.ipoDded  as  foUowB  : 

What  I  daslre  is:  Firit,  A  dollar  ibat  Bhall  have  at  all  times  a 
(•Ttaln  fixed  and  stable  value,  below  which  it  cannot  so.  t!«eond. 
I  demajid  that  that  dollar  ahall  Im  iasard  by  tbn  governmeDt  alone 
in  tba  exercise  o<  it.i  bieb  prerogative  and  convtitational  power, 
and  Uist  that  power  shall  not  be  delegated  to  any  corporation  or 
individual.  TMni,  I  want  that  dollar  itaiope<l  upon  annie  OOD- 
Tpoient  and  cheap  material  of  the  least  poesible  intrinsic  valun, 
»•>  that  neither  its  wear  nor  its  dettruetion  will  be  any  loss  to  the 
j;orenunent  iasuing  it.  Fourth,  I  also  desire  the  dollar  to  be 
made  ol  aneb  material,  for  the  purpose  that  it  ihall  nevrr  bn 
exported  or  desirable  to  carry  out  oi  the  ooantry.  Framinir  an 
Americau  system  of  Soance,  I  do  not  propose  to  adapt  it  tn  the 
waots  of  any  other  nation,  and  eapaetally  the  Chinese,  who  are 
ne«rly  one  qnarter  of  the  world.  Fifth,  I  desire  that  the  dollar 
to  iaaucd  shall  never  be  redeemed.  I  see  oo  more  reaaon  why 
the  uolt  of  measure  of  value  sbould  be  redeemed  or  redeemable 
thaa  that  tbe  yard  stick  with  which  I  measure  my  cloth,  or  the 
quart  with  which  I  measure  my  milk,  should  be  redeemed. 
fiirth,  for  convenience  only  I  propose  that  tbe  dollar  to  laeued 


368 


THE  CHRONICLE 


[Ootob)r  16,  1875 


Bball  be  qnlte  equal  to,  or  »  little  better,  tlian  the  present  valne 
of  the  average  stold  dollar  of  tbe  world,  not  to  be  cbanged  or 
changeable,  if  tbe  gold  dollar  grows  lower  in  value  or  grows 
higher,  or  to  bo  obligeJ  to  conform  itself  iu  value  in  any  regard 
to  the  dollars  of  any  other  nation  of  the  world,  keeping  itseK 
always  stable  and  fixed,  so  that  when  all  tbe  property  of  tbe 
country  adjusts  itself  to  it  as  a  measure  of  value  it  shall  remain  a 
fixed  standard  forerer.  I  need  go  no  further  than  our  present 
greenback  for  all  these  desired  qualities,  including  uniformly  of 
value  in  all  parts  of  tbe  country,  except  in  fixed  and  intrinsic  value. 
If  those  two  qnalitine  can  be  added  to  the  greenback  it  completely 
fills  tbe  six  requirrments  which  I  have  above  set  forth,  provided 
all  thought  of  its  redeemability  in  gold  and  silver  be  flliken 
away  from  it. 

It  is  impossible  to  surpass  tlic  adroitness  and  skill  Vith 
which  the  several  points  of  this  creed  are  put  togc 
The  inflationist  force  which  they  contain  is  so  hi 
that  few  persons  who  are  not  adepts  in  the  scien 
finance  would  be  able  to  expose  and  refute  t 
The  effect  was  enhanced  when  the  General  proceed 
say  very  emphatically  that  he  did  not  desire  inflatioii  of 
the  currency,  and  that  he  was  a  foe  to  inflation  of  cred- 
its. He  moreover  proclaimed  himself  in  favor  of  maling 
the  greenback  equal  to  gold.  \ 

To  reply  to  Mr.  Butler's  arguments  ifa  detail  w4nld 
extend  this  article  too  far.  But  he  has  made  two  funda- 
mental mistakes  on  which  ye  must  say  a  word  or  l)wo, 
as  the  inflationist  citadel  rests  upon  them,  and  when  Ipey 
are  demolished  the  whole  fabric  crumbles  and  falls  to 
the  ground.  The  first  blunder  of  the  inflationists  i^  in 
trying  to  keep  a  paper  currency  at  par  without  a  si^cie 
basis  for  it  to  rest  upon.  This  feat  has  been  attcmj^ed 
during  centuries  of  effort,  and  financial  history  is  full  of 
the  records  of  the  failures  and  disasters  which  have  iitiyer 
failed  to  befall  those  nations  that  have  tried  the  pcrilbus 
experiment.  The  amount  of  gold  or  silver  coin  ire- 
quisite  for  the  work  of  keeping  a  currency  at  jar 
is  smaller  in  modern  times  than  formerly,  for  well-known 
reasons  which  have  been  often  expounded  in  these 
columns  ;  but  some  suitable  deposits  of  specie 
must  be  accumulated  in  the  great  centres  of  the 
circulatory  system,  that  the  whole  of  the  currency  may 
be  kept  from  depreciating  and  may  be  held  constant  and 
steady  in  value.  No  efforts  to  keep  paper  notes  at  par 
by  any  other  device  have  ever  succeeded. 

When  General  Butle'r  professes  to  be  able  to  do  that 
which  has  heretofore  eluded  human  power  and  defied 
centuries  of  trial,  an  intelligent  audience  of  American 
citizens  will  require  some  better  warrant  for  believing  in 
this  financial  miracle  than  the  simple  statement  of  the 
enthusiastic  magician  himself.  In  spite  of  the  promises 
of  General  Butler,  the  public  know  that  no  paper  money 
has  ever  been  permanently  kept  at  par  with  coin  except 
by  the  expedient  of  free  redemption  of  the  pajier  in  coin 
on  demand ;  and,  with  this  universal  experience  in  view, 
they  will  hold  to  the  assurance  that  this  proposed  feat 
is  impossible. 

Nor  is  this  firm  belief  shaken  in  the  least  by  the  Gen 
eral's  laudation  of  the  substitute  by  which  he  proposes 
to  replace  specie  in  his  proposed  currency  system.  The 
whole  of  the  seven  or  eight  hundred  millions  of  currency, 
he  says,  can  be  raised  up  to  the  level  of  specie  by  the 
force  of  his  3.65  bonds.  Did  it  ever  occur  to  General 
Butler  to  ask  himself  whether  a  3.65  bond  itself  would 
sell  .at  par  ?  If  not,  if  the  bond  itself  is  not  worth  par, 
and  could  not  be  sold  at  par  either  here  or  anywhere 
else,  how  does  the  great  inflationist  chief  expect  that  we 
shall  believe  him  when  he  declares,  with  the  solemnity 
and  unction  of  a  Sibyl,  that  by  some  magical  process, 
unexplained  and  unknown  to  science,  these  deified  ^-flu's 
shall  raise  to  a  height  greater  than  their  own,  a  ^■ast 
mass  of  greenback  currency,  which  all  other  efforts  and 
agencies  except  specie  redemption,  have  failed  to  elevate 


to  par.  On  the  whole.  General  Butler's  scheme  offers  no 
promise  but  of  failure.  He  has  improved  vfon  the 
famous  old  acrobatic  trick.  He  not  only  Avould  hoist 
himself  by  his  own  waistband,  but  he  would  do  it  with  a 
girdle  sure  to  break  at  the  first  trial. 


MB.  SPAUIDI.NG  AND  CBEEJIBICR  RESUMPTION. 

The  Hon.  E.  G.  Spaulding,  of  Buffalo,  has  announced 
the  second  edition  of  his  well-known  history  our  legal 
tender  paper-money.  The  conntiT'  has  now  arrived  at 
a  critical  period  in  the  development  of  the  greenback 
system  and  in  view  of  the  prospective  duties  de- 
volving upon  Congress  and  the  public,  Mr.  Spaulding 
has  done  well  to  offer  us  his  help  to  understand  and 
to  deal  with  the  real  facts  of  the  financial  situation. 
The  name  of  Mr.  Spaulding  will  go  down  to  pos- 
terity as  "  the  father  of  the  greenback  system."  It  is 
only  fair  that  he  should  put  himself  right  on  the 
record.  He  assisted  to  give  us  our  present  legal  tender  j 
currency,  and  he  now  comes  forward  to  show  us  how 
to  restore  that  currency  to  par  with  gold.  The  chief 
features  of  this  new  edition  are  two.  First,  the 
author,  in  an  elaborate  introduction  of  twenty-six 
pages,  discusses  several  interesting  questions  as  to  the 
origin  and  operation  of  the  Legal  Tender  laws;  and, 
secondly,  he  adds  a  copious  appendix  containing  letters  ' 
and  documents  of  considerable  value  and  exhibiting  the 
opinions  of  many  of  our  leading  statesmen  and  financiers 
on  the  currency  question.  We  have  space  for  no  more 
than  a  very  brief  review  of  the  introductory  essay. 

And  at  the  outset  the  reader  is  struck  with  the  change 
of  tone  which  Mr.  Spaulding  has  assumed  in  his  new 
work.  He  begins  by  pointing  out  the  three  cardinal 
errors  of  our  war  finance.  For  the  earliest  of  these 
errors  he  blames  Mr.  Chase.  In  the  autumn  of  1861 
Congress  suspended  the  Treasury  Act  of  1846  so  far 
as  to  allow  the  Secretary  of  the  Treasury  to  use  the 
Clearing  House  banks  as  fiscal  agents  and  depositories 
of  the  Government.  The  new  law  was  passed  5th  August, 
1861,  and  allows  the  Secretary  of  the  Treasury  "to 
deposit  any  of  the  moneys  obtained  on  any  of  the  loans 
now  authorized  by  law,  to  the  credit  of  the  Treasurer 
of  the  United  States,  in  such  solvent  specie  paying 
banks  as  he  may  select;  .and  the  said  moneys,  so  de- 
posited, may  be  withdrawn  from  such  deposit,  for 
deposit  with  the  regular  authorized  depositories,  or  for 
(he  payment  of  public  dues,  or  paid  in  the  redemption  of 
the  notes  authorized  to  be  issued  under  this  act,  or  the 
act  to  which  this  is  supplementary,  payable  on  demand 
as  may  be  expedient  to,  or  be  directed  by  the  Secretary 
of  the  Treasury." 

This  judicious  measure  was  intended  by  Congress  to 
put  the  Treasury  of  the  United  States  en  rapport  with 
the  great  clearing  house  and  banking  system  by  which 
our  commerce  and  industry  make  payments  of  hundreds 
of  millions  a  week  with  tbe  use  of  a  very  small  amount 
of  actual  cash.  If  Mr.  Chase  had  chosen  to  use  the  per- 
mission thus  conceded  to  him,  the  chief  cause  would  have 
been  removed  which  brought  on  the  first  financial  catas- 
trophe of  the  war.  That  event  was  the  suspension  of 
specie  payments  by  the  banks  in  December,  1861.  Mr. 
Chase  did  not  think  fit  to  use  the  banks  and  the  Clearing 
House  and  the  check  system.  He  insisted  upon  drawing 
from  the  banks  the  gold  reserves  on  which  they  were 
doing  business,  and  the  result  was  that  the  banks  had  to 
suspend,  and  as  Mr.  Spaulding  says,  "  the  Secretary  was 
intent  upon  having  the  gold  for  disbursement  without 
fully  comprehending  the  effect,  t?iis  large  drain  was  to 


October  16,  1875.] 


THE   CHRONICLK 


359 


hare  npon  the  banks  and  the  general  finances  of  the 
ooontry.  In  breaking  the  banks,  he  at  the  same  time 
broke  the  Sab-Treasjjry,  and  both  were  discredited  to- 
gether." This  chapter  of  our  financial  history  is  so 
important  that  we  give  Mr.  Spaulding's  account  of  it  in 
bis  own  words,     lie  says: 

After  the  battle  of  Ball  Run,  which  occurred  on  the  twenty 
fliM  of  J  uljr,  of  that  jrear,  the  necessiliea  of  the  jioveroment  in 
clothing,  arming  und  feedintr  troops — in  providing  munitions  of 
wmr  »nd  building  »  navy — became  so  urgent  that  the  banks  in 
New  York.  Boatoo  and  Pbiladvipbta  moat  patrioticallj  came  for- 
ward and  made  arrangements,  in  lereral  negotiations  with  Secre- 
tary Chase,  to  loan  to  the  government  $150,000,000  under  the 
proriaiooa  of  the  two  loan  acts  pasacd  u  the  extr*  aMeion.  Of 
this  SUB  filOS.OOO.OUO  was  apportioned  to  the  associated  banks  in 
the  dly  of  New  York,  payable  l>y  insUlments.  The  banks  wpie 
tbea  In  good  oonditlon,  inutsacting  their  boainMa  on  a  specir 
basis,  and  paid  coin  for  all  balances  at  the  clearing  bouse,  and 
redeemed  their  rlrenlating  notea  in  coin,  and  the  loan  to  the  gov 
enment  was  made  with  th«  rzpactatio^  that  the  moaar  would  b« 
drpoaited  in  the  banks  and  be  checked  out  onder  the  direotion  of 
the  Sacretary,  in  pannanee  of  the  sixth  section  above  referred  tn 
Tba  Secretary  of  the  Treasury  refused  to  as«  the  diaeretiooarr 
power  conferred  upon  him  by  that  section,  and  would  not  checii 
oo  the  banks  for  the  expenses  ol  the  war,  so  that  current  bank 
Dotea  could  be  paid  or  balances  settled  through  theeleariog  hoxtar. 
bat  iosisieil  that  the  banks  should  pay  thu  money  loaned  into  th' 
sab-traasury  In  gold  or  gold  treasury  notes,  and  fmm  theore  it 
was  dMHbated  for  war  porpoaaa  aad  saaitewiH  in  different  pari* 
of  the  eooatry.  By  far  the  greater  part  ot  this  loan  was  paid  in 
gold  rnio.  taken  from  the  rt^ervps  of  the  banks,  eommenciog  ra 
the  nioetecatb  of  August,  1801.  This  onaeesaaary  mode  of  r«- 
<)uiriog  the  paormant  of  the  loans  so  weakeoed  the  banks  that  it 
Irougbt  on  a  geoeral  suspension  of  specie  paymenta  duHnir  tie 
laatdkrs  of  Dscambar.  1861.  Notwlthatandlag  the  bai.' 
■wcad  ■akisc  advaiieas  to  the  govemmeot  atMMt  the  d: 
of  Aagnat,  IMI,  vet  aone  of  the  seenritlea  to  ba  lssar>l  ..; 
gOfarBSsant  for  tlie  loans  were  tamed  ovar  to  111  mil  natU  tlia 
lowlaaath  of  January,  1863. 

We  arc  far  from  Agreeing  with  aomeof  the  oonclnsioo* 
which  Mr.  8p«nlding  dedooee  from  the  facta  narrated  in 
tliia  part  of  his  book.  It  ia  prematare  aa  yet  to  attempt 
to  allot  impartially  the  blame  of  those  erron  in  policy 
vUflh  led  to  the  bank  mapenmon  of  1681.  That  .Mr. 
Cluwe  waa  not  alone  to  blame  ia  demonatrated  by  the 
fact  that  his  coane  was  approved  at  the  time  by  Co*- 
gresa,  and  by  its  Committee  of  Ways  and  Mean*,  as  w(Jl 
aa  by  the  sob-committee  of  which  Mr.  8|>anlding  was 
chairman.  What  k  certain  is,  that  the  policy  waj>  in 
soma  points  erroneoiM^  and  in  none  more  so  than  iu  tc** 
dMey  to  withdraw  the  gold  basia  from  andemcath  the 
fabric  of  onr  baaking  system,  and  to  precipitate  n  ki^- 
pcasion  of  specie  pajrments.  If  the  baaka  bad  not  sga- 
peaded  in  I8«l  b  is  qoite  certain  that  the  legal  ten^W^ 
act  of  Febmary,  1M2,  could  not  then  hare  bean  paasiA 
Whoever,  therefore,  was  chargeable  with  the  Mame  ^ 
oondoeiiig  to  the  auBptndau  in  qnestioa  will  also  be 
eqaally  blamable  aa  holpint;  to  give  the  country  Ihe 
l^pd  tender  act,  with  nil  iu  resulting  evils.  This  part 
of  onr  financial  hiator^  ia  an  extremely  interesting  oae, 
and  it  is  to  be  desired  that  Mr.  Ooe,  Mr.  Willi.-tni>.  Mr. 
Tail,  Mr.  Vennilyc  and  other  finaneiers  of  this  city, 
from  the  ample  materials  within  their  readi,  would  fpve 
the  public  an  authentic  narrative  from  tba  point  of  >-iew 
of  the  New  York  Clearing  Hooae. 

The  other  two  crrore  of  onr  war  finance  wlii'  li  are 
pointed  out  in  the  book  before  oa  are  of  great  ]>r:i<  lical 
importance  at  the  present  moment..  One  was  th>-  npeal 
of  the  funding  clansc  in  the  legal  tender  act.  On  tlit-  eist 
January,  1804,  the  greenbacks  ceased  to  bo  fand:i)>leat 
par  into  S-20  bonds.  From  that  time  onr  paper  money 
syttem  was  deprived  of  one  of  its  safeguards,  an<l  ia  six 
nMoths  greenbacks  gradually  fell  in  value  till  p<>M  was 
at  285.  For  snch  an  amount  of  new  legal  tcndir"  were 
emi'     '   '•  30ih  Jit-  when  Mr.  <'hniM- 

'(""•i  paper  on  ig  was  ov.  i  l,<xio 

millions  of  dollars.  Had  not  the  funding  clans*'  <>f  the 
original  legal  tender  act  been  repealed,  tb«<se  enormous 
iHuea  would  have  boon  n«edle«  aad  impwsmble.    Hence, 


Mr.  Spaulding  sets  down  this  repeal  as  the  second  g^and 
error  of  our  financial  policy  during  the  war. 

The  third  error  is  of  more  recent  date.  It  was  com- 
mitted by  Mr.  Boutwell,  who  paid  out  the  large  surplus 
of  revenue  in  redeeming  368  millions  of  unmatured  obli- 
gations of  the  Government.  This  Treasury  surplus,  by 
the  letter  and  spirit  of  the  legal  tender  legislation,  ought, 
as  Mr.  Spaulding  contends,  to  have  been  regarded  as  a 
sacred  fnnd  set  apart  exclusively  for  other  purposes,  and 
especially  for  the  redemption  and  withdrawal  of  the 
l^al  tender  circulation. 

Such  were  the  three  cardinal  mistakes  to  which  our 
paper  money  system  owes  its  present  depreciation.  But 
for  these  blunders  Mr.  Spaulding  thinks  that  we  should 
have  resumed  specie  payments  within  two  years  after  the 
war,  without  the  slightest  commotion  and  with  great 
ease  and  benefit  to  the  financial  movements  of  the  coun- 
try. It  follows  from  this  exposition  that  Mr.  Spaulding 
proposes  no  novel  or  short  path  to  resumption.  What  the 
country  has  to  do,  he  says,  is  to  accumulate  a  coin  sur- 
plus in  the  Treasury  to  replace  that  which  was  dissipated 
by  ilr.  Boutwell.  By  new  taxation  for  this  specific  pur- 
pose, or  by  the  sale  of  bonds,  if  needful,  the  requisite 
snrpliu  of  coin  must  be  accumulated  and  stored  up  in  the 
Treasury  before  the  time  arrives  for  the  actual  redemp- 
af  the  greenbacks  in  gold.  The  banks  also  should 
inulate  enough  coin  to  prevent  their  being  obliged 
to  lean  upon  the  Treasury  when  the  pressure  of  resump- 
tion begins,  and  in  every  possible  way  the  utmost  use 
must  be  made  of  the  great  banking  mechanism  of  the 
country,  so  as  to  avoid  the  errors  of  1861  and  of  the  fol- 
lowing years.  We  could  have  wished  that  >Ir.  Spauld- 
ing had  been  somewhat  more  explicit  in  regard  to  the 
practioal  meastires  needful  for  resumption.  He  would 
also  have  enhanced  the  value  of  hia  work  if,  as  a  practi- 
cal banker  of  great  experience,  he  had  devoted  a  few  of 
his  pages  to  the  task  of  pointing  out  the  dangers  and 
cnntions  for  bankers  and  their  business  which  are  inci- 
dent to  the  transition  of  our  monetary  system  to  the  sure 
haven  of  resumption.  f 

TIB  CITTM  IIILROIDS  OP  I<ID11. 

The  annual  report  of  the  East  Indian  railroads  has 
Jaat  been  issaed  by  Mr.  Julian  Dan  vers,  the  government 
director.  He  reports  the  length  of  the  railroad  network 
at  6,260  miles.  In  1873  the  toUl  waa  5,872  miles;  in 
I8T2,  A,l  1 1  miles  ;  in  1871, 6,076  miloi.  It  thus  appears 
that  the  railroad  progress  of  British  India  is  for  evident 
reasons  slower  and  less  satisfactory  than  was  anticipated 
a  few  yean  ago.  When  Mr.  James  Wilson,  one  of  the 
1>e<  financial  statesmen  that  England  ever  sent  to  Indio, 
laid  the  foundations  in  1859  of  a  successftd  railroad  policy 
the  total  mileage  waa  but  432  miles.  In  1803,  under  the 
stimnlns  of  Mr.  Wilson's  system  of  government  sub- 
ventioDs,  mnistri  by  the  cotton  famine  the  result  of 
oTTr*  war,  2,234  miles  were  in  operation;  in  1867,  3,507 
mil<«  had  been  constructed,  and  in  1870,  4,826  miles. 
Tlic  whole  network  as  projected  was  to  be  between  7,000 
and  8,000  miles,  and  it  was  expected  to  be  finished  in 
about  ten  years.  From  the  report  before  us  we  see  that 
the  network  is  far  from  being  completed  after  the  lapse 
of  fifteen  or  sixteen  years. 

The  total  private  capital  of  the  railroad  system  is 
re]K>rted  at  £06,110,119,  and  the  gross  earnings  amounted 
last  year  to  £7,762,700,  which  shows  a  considerable 
increase  of  traffic,  due  in  part  to  the  famine  in  Bengal. 
The  working  expenses  are  reported  at  £3,804,080,  and 
the  net  earnings  at  £3,968,071.  These  aggregates  com- 
pare as  follows  with  those  of  previous  years: 


^ 


36r 


THE  CHRONICLE 


[October  16,  1876. 


aMTKHvt  *ND  t\nixtat  or  rux  indiak  bailroas*. 

1874.  1878.  187S.  1871.  1B7P. 

£  £  £  £  £ 

GrOfI  earning* 7.788,760       6,741,000       6,881.817       8.14«,180  6,213.886 

Working  expoMM. .  8,801,88«       8,557.000       8,48»,8»4       8,489,870  3,387,»«1 

Net  earnings.        ...8.988,071       8,188,000       S,8«9,M8       J,686,880  2,848,604 


Notwithstanding  the  increase  of  earnings  last  year  the 
net  revenue  of  the  entire  system  has  not  sufficed  to  pay 
the  five  per  cent,  interest  guaranteed  under  the  Wilson 
policy   to   the  capital  invested  in  these  railroads.     The 
deficiency  last  year  was  £1,132,363,  against  £1,210,501  in 
1873,     In  1872  it  amounted  to  £1,731,660,  and  in  1871 
to  £1,740,720.     Similar  deficiencies  have  been  made  up 
by   government   payments  in    previous    years,  and  the 
total  amount  of  such  advances  to  the  end  of  1874  is  re- 
ported at  £24,591,972.    It  is  no  surprise,  therefore,  that 
among  the  questions  now  agitated  in  England  as  to  the 
East  Indian  net  work  of  railroads  the  most   important 
concern    the    self-sustaining   prospects   of  the  system. 
The  British  Government  has  had  to  advance,  as  we  have 
said,  nearly  one  hundred  millions  of  dollars  of  interest, 
and  the  burden  is  too  heavy  to  be  borne  without  an  effort 
to  shake  it  off.     Accordingly,  several  important  changes 
are  being  introduced  into  the  system.     A  year   or  two 
ago  the  government  discarded  the  principle  of  guaran- 
tees, under  which  the  past  progress  of  the  railroad  net 
work  was  so  much  stimulated.     It  has  now  been  stopped 
and  no  future  subsidies  or  guarantees  will  be  given  for 
new  railroads.     All  that  the  government  does  hereafter 
will  be  to  build  railroads  of  its  own  and  chiefly  for  strat- 
egic purposes.     These  new  government  railroads  are  all 
to  be  of  the  metre  gauge  of  3  feet  3|  inches,  unless  a  re- 
turn to  the  old  standard  gauge  of  6^  feet  should  be  de- 
termined  on.     This  return  has  been    recommended  on 
high  authority  to  avoid  the  evils  connected  with  the 
break  of  gauge,  with  the  double  system  of  rolling  stock 
and  the  difficulty  as  to  the  large  space  required  for  the 
transportation  of  cotton  or  of  the  other  staple  products 
of  India.     The  cost  of  constructing  the  narrow  gauge 
roads  has  been  reduced  to  $20,000  or  $25,000  a  mile, 
whereas  the  5,900  miles  of  broad  gauge  railway  have 
cost  on  the  average  $82,680  a  mile. 

Another  expedient  for  increasing  the  revenue  of  the 
East  Indian  railroads  has  been  to  enlarge  the  passenger 
traffic  by  reducing  the  f«res.  As  an  illustration  the  re- 
port states  that  the  South  Indian  railway  lowered  the 
fare  of  third  class  passengers  to  two  pie,  or  half  a  cent  a 
mile.  The  number  of  passengers  was  thereby  increased 
from  707,918  in  1872  to  1,197,539  in  1873,  and  to  1,257,- 
400  m  1874.  The  great  poverty  of  the  population  is  a 
formidable  obstacle  in  the  path  of  railroad  progress. 
The  bulk  of  the  people  are  too  poor  to  be  able  to  afford 
the  luxury  of  railroad  transportation.  Mr.  Danvers 
points  out  the  fact  that,  although  the  inhabitants  of 
•British  India  are  190,668,623,  the  number  of  persons 
who  travelled  by  rail  last  year  was  no  more  than  24,- 
280,459,  while  each  passenger  of  the  third-class  averaged 
but  thirty  miles  on  a  journey. 

In  this  connection  it  is  also  interesting  to  know  that 
the  economy  of  the  raib-oad  companies  is  leading  them 
to  employ  a  larger  proportion  of  natives.  The  Euro- 
pean employees  number  but  3,239,  while  the  natives  are 
96,013.  The  saving  which  is  thus  effected  may  be 
inferred  from  the  fact  that  the  average  wages  paid  in 
the  locomotive  department  are  62  dollars  for  Europeans, 
1 1  dollars  for  Hindoos  and  9^  dollai-s  for  Mussulmans. 

Our  chief  interest  in  this  country,  however,  is  with 
the  past  and  future  development  of  the  raikoads  of  India, 
as  affecting  the  cotton  production,  and  with  the  pecuUar 
Ny.<«tpm  indicated  above,  under  which  they  have  grown  to  I 


their  present  extent.     The  first  railroad  was  opened  in 
1853  by  the  "  Great  Indian  Peninsula"  company,  which 
was  organized  in  1845,  during  the  lailway  mania  of  that 
year  in  England.      Nothing  mora^was   done   till    1863, 
1rhen  21^  miles  were  opened  for  traffic.     But  after  the 
Indian  mutiny  the  strategic  necessity  of  railroads  was 
forced  on  the  attention    of  the  government;  while  at 
about  the  same  time  the  breaking  out  of  our  war  and 
the   consequent   high   price   of  cotton  gave   a    further 
decided   impiilse  to  the    idea  of    thus  opening  India- 
and,    inasmuch    as    private    capital    refused    to    take 
%e  risks  of  building  without  a  government  guaran- 
tee, the  East  Indian  government  accepted  the  situation, 
and  the  Wilson  scheme  for  that  purpose  was  adopted. 
Tender  this  scheme  the  East  Indian  government  offered 
to  guarantee  for  ninety-nine  years  five  per  cent  interest 
<m    all    the    capital   expended   on    approved   railroads, 
Secondly,  the  roads  so  approved  were  to  receive  a  gratu« 
itous  donation  of  all  the  land  for  their  lines  and  for  the> 
works  belonging  thereto.     Xo  other  land  grant  besides 
tkis  was  conceded,  and   the  five  per  cent  guarantee  ia 
given  on  the  condition  that  if  any  road  does  not  earn 
e«ongh  to  pay  five  per  cent  net  on  its  capital,  the  govern- 
ment shall  annually  advance  the  sum  deficient.    Another 
important  condition  is,  that  if  the  net  earnings  of  any  rail- 
road rise  above  the  sum  needed  to  pay  the  five  per  cent 
guaranteed,  the  surplus  is  divided  equally  between  the 
gojvemment  and  the  company,  till  the  money  advanced  by 
th4  government  shall  be  all  repaid  with  simple  interest. 
When  this  is  completed  all  claim  of  the  government  will 
cetee  for  the  present,  and  the  net  earnings  will  belong 
wholly   to   the   companies   till    ninety-nine  years   have 
closed  from  the  organization  of  the  road.     It  follows 
th*  the  government  will  not  be  paid  for  all  its  advances 
except  the  railroads   become   self-supporting.     A  third 
coddition  offered  to  attract  capital  was,  that  if  any  Com- 
paq loses  money  and  is  too  weak  to  go  on,  it  may  sur- 
render its  works  to  the  government  after  any  part  of  its 
linfthas  been  opened  three  months.     When  this  surren- 
der is   completed   the   company  receives  back   all  the 
money  it  has  actually  spent  in  constructing  the  road. 

Such   are   the  principal  stipulations   of    the    Wilson 
scheme  for  attracting  capital  to  railroad  construction  in 
British  India.     We  must  not  omit  to  mention  that  under 
this  gystem,  as  a  previous  report  of  Mr.  Danvers  tells  us, 
the  British  Indian  "  government  has  the  power,  within 
six  months  after  the  expiration  of  twenty-five  or  fifty 
yean,  respectively,  from   the  date  of  the  contracts,  of 
purdiasing  each  of  the  Indian   railways   at  the   mean 
market  value  in  London  of  the  shares  during  the  previ- 
ous three  years.     In  any  case  in  which,  under  these  pro- 
visions, the  government  becomes  bound  to  repay  the 
capital  or  to  purchase  the  railway,  works  and  stock,  it 
can,  instead  of  paying  the  gross  sum,  declare  its  option 
to  pay  an  annuity,  to  be  reckoned  from  the  time  when 
the  gross  payment  would  be  payable,  and  to   continue 
during  the  residue  of  the  ninety-nine  years;  the  rate  of 
interest  used  in  calculating  such  annuity  being' deter- 
mined by  the  average  rate  of  interest  during  the  pre- 
ceding two  years  received  in  London  upon  securities  of 
the  Indian  government." 

t'rom  what  has  been  said  it  is  quite  evident  that 
the  chief  cause  of  the  diminished  activity  of  railroad 
building  in  India  by  private  companies,  has  been  the 
withdrawal  of  the  government  subvention.  The  old 
roads  have  guaiantees  of  the  government  which  will 
entail  a  burden  on  the  national  treasury  for  many  years 
to  come,  but  the  government  will  take  no  new  burdens 
of  the  Bune  sort,  and  capital,  if  it  wishes  to  invest  itself 


October  IG,  1875  J 


THE  CHROXICLE 


361 


in  railroad  uuterpri^o  in  ludia,  iiuit<t  ilo  so  at  its  own 
risk.  But  the  field  of  operation  is  too  distant,  and  the 
prospect  of  dividends  too  remote,  to  attract  the  needful 
capital,  except  for  the  completion  of  a  few  missing  links 
and  useful  feeders  of  the  existing  network.  Finally,  we 
may  infer  that  the  present  railroad  system  of  India  is  as 
great  and  as  far  extendetl  as  the  business  of  the  country 
will  support  for  some  time  to  come.  But  for  the  cotton 
famine  in  England  during  our  civil  war,  the  railroad 
facilities  of  India  would  have  lacked  one  of  the  most 
potent  causes  of  their  development.  So  rapidly  were 
the  facilities  of  transportation  extended  that  the  freight 
of  cotton  from  points  in  the  interior  to  the  seaboard  was 
reduced  to  2  or  3  cents  from  t3  or  7  cents,  the  former 
average  rate,  thus  bringing  within  reach  of  a  market  a 
mach  larger  area. 

These  facts  make  apparent  the  reason  for  the  continued 
large  outflow  of  cotton  from  India,  notwithstanding  the 
low  values.  Early  in  our  war  high  prices  forced  prodnc. 
tion  there.  It  will  be  readily  seen  that,  with  tlie  yearly 
averagelraling  rate  at  from  12d.  to  ISd.  for  Surats,  as 
was  the  cane  during  the  war,  larger  transportation 
oxpensea  could  be  {laid  than  when  the  price  wa*  4d.  to 
"1.  This  increased  price  extende<I  the  section  brought 
within  reach  of  a  market,  by  making  the  payment  of  high 
charges  for  transportation  ]>os!(ible.  liut  with  the  close 
of  the  war  and  an  approach  to  former  values,  it  would 
have  been  natural  for  India  at  once,  or  very  soon,  to 
return  to  nearly  itH  old  rate  of  supply.  In  the  meantime 
however,  railroad  construction  has  been  carried  forward 
nntil,  as  stated,  the  India  system  in  1874  reached  0,2-'iO 
miles,  against  about  600  mileti  in  I860.  This,  of  coarse, 
has  so  cheapened  transportation  from  the  interior  to  the 
seaboard  as  to  make  a  very  considerable  supply,  even  at 
ante-war  prices,  a  permanency.  The  following  statement 
will  illustrate  bow  railroad  building  and  prices  have  each 
*ii  their  tuni  influenced  the  India  ootton  movement  : 


...\     MDHMJ     umsm,     1.W4M 


"Sli  ■>?.  ■».'«.  -St.  fa.  M.  ■«!.<« 
d.   d.   d.     d.     d.     d.     d.    d.    4. 

*K  »S  *H*H  !•*(  MM  ISK  »H  'X 
'Ml    -ex    *•«.     ■«.      -m.    "n. 

\t%t.  4Md  tSKd.  i!Xd.  SS-Idd  TT.d 


usi.  n 


NUm< 


Wit.  I  am.  I  »n. 


tH*. 


wni. 

•  »-iM  'tVIM 


».flaD  I.WD  Ajm   Mil  .   Ma  '     mm 


Here  we  have  in  the  briefest  poaibla  apace  the  whole 
history  of  this  industry  in  India.  When  Sarats  were 
4]d.  aad  rulroad  eonstruction  was  only  just  begnn, 
the  average  crop  reached  540,000  bales.  I'nder  tlx- 
stimulus  of  the  war  prices  (II J  to  ISjd.),  the  Euro- 
)>ean  supply  from  the  same  source  (1861-0.5)  avcragc<l 
yearly  1,.180,000  balea.  With  the  close  of  the  war 
(18«5)  there  were  about  3,000  miles  of  road  o[>eniMl, 
and  prices  of  cotton  then  l>egnn  to  decline,  but  the 
downward  movement  was  slow,  white  railroad  building 
continued.  (Consequently,  during  the  five  years  from 
I860  to  1870  the  India  cotton  supply  to  Europe  averaged 
yearly  1,601,000  bales,  while  prices  fell  from  10}  to  7|d. 
During  the  put  three  yeara  thcfe  has  been  a  further 
decline  in  price,  the  average  in  1874  being  only  5  s-iod., 
and  yet  Europe  received  from  fndia  1,430,000  bales.  A 
still  lower  average  value  has  ruled  in  1876,  bnt  the 
acreage  planted  increased,  and  the  supply  will  be  some- 
what in  excess  of  the  previous  year.  At  what  price  for 
cotton  other  crops  will  in  India  be  more  profitable  than 
cotton,  and  therefore  crowd  it  oat,  ia  a  question  as  yet 
mmawcndt 


RilLSOlD   EIRNLNGS  IN  SEPTEMBER,  AND  FBOM  JANUART 
1  TO  OCTOBER  1. 

The  reports  of  railroad  earnings  for  the  month  of 
September  compare  tolerably  well  with  those  of  the 
same  -month  in  1874.  It  is  true  that  a  number  of  the 
roads  show  a  slight  decrease,  but  this  is  in  no  case  a  large 
percentage  on  the  gros.s  amount  for  the  month,  and  in 
Comparison  with  the  heavy  falling  off  which  has  been 
witnessed  in  some  of  the  past  months  of  the  current 
ye.ir,  the  relative  improvement  is  satisfactory. 

The  largest  increase  of  the  month  is  shown  by  Central 
Pacific,  Kansas  Pacific,  and  St  Louis  Iron  Mountain  <fc 
Southern.  The  earnings  of  Union  Pacific  for  September, 
1875,  are  approximate,  and  the  complete  figures  may  be 
considerably  larger  when  finally  adjusted,  the  figures  for 
\^~^  are  the  actual  earnings  as  given  in  the  annual 
report.  The  decrease  in  earnings  arising  from  low  rates 
is  again  brought  to  notice  by  the  report  of  the  Louisville 
&.  Nashville  Railroad,  just  issued,  in  which  it  appesm, 
as  in  the  rc)>ort8  of  our  western  trunk  lijies,  that  the 
extremely  low  tariffs  prevailing  have  been  one  principal 
caose  of  tlie  diminished  receipts.  From  the  recent 
nu-etings  which  have  been  held  in  New  York  and  Chicago, 
for  establishing  an  advanco  in  freight  and  pa-ssenger 
rates,  it  would  seem  that  railroad  managers  have  been 
aroased  to  the  absolute  necessity  of  fixing  rates  on  a 
basis  which  should  pay  a  reasonable  profit  on  the  cost  of 
transportation,  and  the  negotiations  which  have  been 
carried  on  among  the  prominent  roads  are  one  of  the 
most  hopeful  signs  of  the  times  for  siock  and  lK)nd- 
holders. 

As  to  changes  in  the  management  of  leading  routes, 
the  arrangement  of  the  Erie  liailway  for  a  through 
mate  to  Chicago  by  way  of  the  Atlantic  &  Great 
^\^estem,  ("leviland  Colnmbns  (Cincinnati  &  Tndian- 
a[ioUs,  and  Uie  Baltimore  &  Ohio  Chicago  line,  is  most 
important.  The  scheme  is  said  to  have  been  made  in 
cofenqneooe  of  the  Michigan  Central's  terminating  its 
s^Mnent  with  the  Pullman  Palace  Car  Company,  an<l 
foming  a  new  arrangement  with  the  Wagner  Company, 
which'  is  controlled  by  New  York  Central  interests. 
Aaother  im|>ortaiit  change,  if  true,  will  be  the  arrange- 
ment just  reportc<l  from  Cincinnati,  by  which  the  Ohio 
Sa  Mknsrippi  Uailroad  is  hereafter  to  be  worked  in  close 
o^BaaeUon  with  the  Baltimore  Sa  Ohio  as  one  line. 
Aft  all  events,  Messrs.  Robert  Garrett  and  John  King' 
Jr.,  of  the  Baltimore  Si  Ohio,  have  been  placed  on  the 
KhMnoe  C-ommittee  in  New  York. 

The  following  desultory  reports  of  several  roads,  some 
of  which  give  the  expenses  and  net  earnings  as  well  as 
ibe  gross  receipts,  cannot  be  classified  in  our  regular 
tables.    The  reeeipta  of  (he  Mobile  A  Ohio  Railroad— 1| 

. $11M!SS4 

>•■•*••«••••■••■ >•••••■•#••••   «■■     llS|VaB  Ao 

». M.TK  19 

Illl.TVI  M 

•  •••  ••••••••••••es*e*«*»k*a*«i«*  •       UStOIv  N 


^ WW.. 


$18,118  M 

The  Pennsylvania  Railroad  earnings  on  the  main  line 
Ffttaburgh  to  New  York,  and  on  the  branches  of 
main  line,  are  reported  as  follows  in  the  Ix>ndon  papers  : 


Onm, 

■Ik*  Mdln«  Mar  i •8340.190 

olba  «Bdl*|  8e)it.  I   10.111,000 


Krpmtn. 

«,78s.oao 


JVW, 


BBthi |1«,}7U00         tlt.MT.TOO  •t.Ml.lOa 

The  earnings  and  expenses  of  the  Michigan  Central 
for  August,  1878,  were  as  follows  : 

OrOM«anilo(i. ,.|St7,T44 

BsyOBMa  ••.••..«..*.......■.....•.»■  ■.■.•••«.f •*».•. •.•■•••■•.....•■ .    SISiMT 

jw vdx^ 


362 


THE  CHRONlGLft 


[October  16,  1875. 


The  earnings  of  the  Lake  Shore  Railway  for  the 
month  of  September,  as  reported  in  the  N.  Y.  Tribune, 
are  as  follows : 

1878.  1874. 

OroM  earnings $:,79I,375  $1,682,808 

This  shows  a  decrease  from  18.74  of  $269,902,  and 
from  1873  of  $428,075. 


11.961,7(10 


BA11.B0AD    KABNIMQ8  IN  8EPTSM6SB. 


1875. 

Central  Pad  Be $l,,^6l,000 

3D.103 

7:n,R;M 
10!,2S6 

38.601 
318,111 

8<i,58» 
8I1»,91)5 

48,543 
,<i42.e00 
S46,6J4 

6!I;S50 


Gin.,  Lafnyette  &  Chicago.. 

Illiiioiii  Central 

Indiana)).  Bloom.  4  West* 

Inter  alloual  &  Ot.  Northern. 

Kansas  •  aciflc 

Keoknk  &  Dex  Moines 

l£o.  Kansas  &  Texas 

81.  L..  Alton  &T  11.  (branches) 
81.  Louis.  Iron  Mt.  <fc  Southern 
St.  L.  Knns  Clly  &  Northern. 
8t.  Louis  &  Southeastern*  .... 
Uniou  Pacific tl,0J2.000 

Tola! $4,9:1,986 

Net  Increase. 


1874. 
$1,871, 7H9 

4I',105 
758,!i.% 
113,914 
1G5,9I» 
80-.i,313 

68,4fS 
834,496 

55,48« 
S92.8I6 

85,8.-6 
1,063.991 

$4,813,538 


Increase. 
$189,361 


Jecrotae. 
$ 


1B,793 
11,084 


60,584 


14!444 


34.801 
6,789 

'fflOS 
93^76 
21^ 


tjii7,-;ai 

$  12^,393 


$1: 


•  Three  weeks  only  of  September  in  each  year.  i 

t  These  are  the  approxioiute  figures,  as  a3u.il,  compared  with  tile  acbul 

Sgnies  in  1874. 

anoaa  xakninqs  tboh  jahdabx  1  to  septembxb  30. 
1875. 

Central  PaciBo $lS,48il,18S 

Cln.,  Lafayette  &  Chicago...         589,218 

Illinois  Central 5,4.i9.an 

Indlanap.  Bloom.  &  West*....         k74,115 

International  &  Qt.  Northern.         8il.n«? 

Kansas  Pacific  2,3oli,8i3 

Kiokuk&D  «  Moines  612,312 

Mo.  Kansas  *  Texas 2,021,813 

St.L.,  Alton  &  T.H. (branches'        401.H9S 

St.  Loni»,  Iron  Mt.  &  Southern      2,4S8,6!)4 

St.  Louis  Kan.  CIty&Noriheru      1.880.84.1 

St  Luuis  <%  South  Eastern*...         6'<3,673 

Uniou  Pacific 8,663,4*7 


1874. 

Increase. 

$10.31.5.199 

$3,174,984 

3 .8,0li3 

5,661,814 

1,205.205 

823,183 

2,405.183 

500,789 

111,523 

2,19li;037 

393.8114 

7.888 

2,1!«.201 

aS9.4li) 

1.8(15,778 

7J,065 

888.3W 

7,5eO,184 

1,143,243 

Total  $89,035,527 

Net  increase < 


$36,335,763     $3,802,193    $1,102,428 
$2,6S9,7o4  


•  Three  weeks  only  of  September  in  each  year. 

The  following  companies  have  recently  reported  thmr 
earnings  for  August': 


OBOSS  BABNINQS  TS  AUOUST. 

1874. 
$ll6,'.i80 
603.8-i5 
116,038 
349.  .^18 
72,936 


1875. 
$112,759 
521,741 
112,873 
383.429 
69.4J3 


Increase.  Decreaio. 

$ $3,!21 

76,091 

3,765 

ln.0B9 

3,4  1 


BnrllDgton  C.  Rapids  &  Uinn. 

Michigan  Central. 

Mobile  .feOhio 

Philadelphiii  &  Erie 

St.  P.  «!  S.  C.  <Ss  S.  C.  &  bU  P. 

Total $1,166,260 

Netdecreaee . 

OBOSa  ZABNISeB  VBOM  JAHUABT  1  TO  ACSUST  31. 

1875.  1874.         Increase. 

Moblle&Ohio $998,309      $1,319,1)55         $ 

St.  P.  &  S.  City  &  S.  C.  &  St.P       4M,8S9  517,246  


$1,239,207 


Total $1,454,198 

Net  decrease 


$1,837,201 


$102,947 
$102,M7 


Decrease. 

$321,646 
61,367 

$353,003 

$383,003 


CURRENT     T  OPIO  S. 

Thk  Ohio  Election. — The  congratulations  in  business  circleg, 
so  general  on  the  result  of  the  Ohio  election,  proceed  from  a 
popular  appreciation  of  our  industrial  situation.  Political  man- 
agers have  attempted  to  designate  all  those  who  are  opposed  to 
inflation  as  "creditors,"  and  those  who  favor  that  policy  as 
"debtors."  Only  pass  among  our  merchants  and  manufacturers 
for  a  short  time,  and  one  would  see  how  far  from  the  truth  such 
a  classification  is.  And  yet,  although  business  is  exlremelv  poor 
and  debts  are  oppressing  as  never  before,  those  among  them  who 
have  studied  the  disease  (and  most  have),  can  see  that  the  "  way 
la"  is  the  only  "  way  out."  If  they  wish  to  manufacture  a  yard 
of  cotton  cloth,  what  do  they  find  as  the  opposing  conditions? 
The  very  first  fact  is  that  any  and  every  other  country  can  manu- 
facture it  cheaper  than  they  can.  Why  is  this  so,  and  how  can  it 
be  changed  ?  It  is  a  result  mainly  of  values  disorganized  by  an 
inflated  currency,  and  the  first,  step  towards  relief  will  have  to  be 
through  prices  regulated  by  the  world's  standard  of  values. 
Merchants  see  this;  manufacturers  see  this  ;  and  although  ihey 
are  "debtors"  to  a  large  extent,  they  rejoice  now.  Besides, 
underlying  it  all  is  a  question  of  morality.  We  can  look  for  no 
high  moral  tone  in  the  community  with  irredeemable  government 
promises  afloat.  Fraud  and  dishonesty,  public  and  private,  have 
been  nursed  in  this  system.  And  more  inflation  means  simply 
more  irredeemable  promises  ;  looser  ideas  of  the  obligation  of 
contracts  ;  a  general  lowering  of  the  standard  of  right  and  wrong 
in  the  community.  Can  wo  wonder  that  so  many  are  gratified  at 
the  result  in  Ohio  ? 

Railkoads  in  the  United  istatbb. — The  Secretary  of  the 
Treasury,  in  his  report  lor  1855-50,  gives  elaborate  tables  (cover- 
iBg  185  pages),  ghowing  the  condition  of  railroads  in  the  United 


States  in  1854.  These  figures  make  a  very  interesting  compari- 
son with  the  figures  for  1874,  and  we  have,  therefore,  prepared 
the  following : 


Returns, 
18M. 
Railroads  in  operation. ..miles.       19,936 

Capital  stock  433,286,946 

Funded  debt 808,137,173 

Floating  debt 40,126,958 


Returns, 

1-74. 

72,1)23 

$ 

1,990,997,486 

1,978.434,23^ 

2jS,3il,b7S 


, Increase , 

Absolute.     Per  ct 

52,687 

$ 

1,557,710,510 

1.675,296,162 

212,204,915 


264  37 

359-51 
545-65 
528-86 


Total  (assumed  as  cost)....  776,551,877    4.221,763,594    3,445,211,717    44365 

OrofS  earnlngf 91,181,693       5-:0,466,016       4-J9,2f3,823    470  60 

Operating  expenses 48,71-2.331       330,895,058       28il,182,6.7    679  61 


Net  earnings 42,470,312 

Costnf  roadpermlle 38,952 

Gross  earnings  per  mile 4,574 

Operating  expeuBcs  per  mile, . , 


Net  earnings  per  mile 

Operating  expenses,  per  cent.. . 


2,444 

9,130 
53-48 


189,570,908 

58,132 

7,166 

4,656 

147,100,646  a46'!:6 

19,180  49  24 

2,592  56-67 

2,114  86-41 


2,610 
63  66 


480 
10-08 


33-54 
18-85 


Consumption  of  Coffee. — Although  the  coffee  markets  on 
this  coast  have  for  the  moment  become  dull  and  drooping,  the 
extraordinary  increase  of  consumpti.m,  as  exhibited  by  distribu. 
tion  during  the  first  nine  months  at  the  six  leading  Atlantic 
ports,  is  surprising.  In  1871,  the  year  when  coffee  rose  so  con- 
siderably in  October,  there  had  been  distributed  101,000  tons 
during  the  first  nine  months  ;  in  1873  the  quantity  lell  to  82,000 
tons;  in  18T3  it  was  80,000  tons,  and  in  1874  85,000  tons,  while 
this  year  it  reaches  104,000  tons.  In  1871  crop  prospects  in  the 
coffee-producing  countries  were  decidedly  bad,  so  much  so  that 
the  article  has  been  laboring  ever  since  under  the  effects  of  the 
deficiency  of  that  year,  although  there  have  been  two  years  of 
average  yields  intervening.  This  year's  crops  are  again  believed 
to  be  largely  deficient  in  Brazil,  Java  and  Ceylon,  the  main  pro- 
ducers, while  stocks  are  not  large,  either  here  or  in  Europe;  but 
ad  is  usually  the  case  when  the  new  coffees  begin  to  make  their 
appearance,  there  is  a  disposition  on  the  part  of  dealers  and 
consumers  to  hold  off.  Hence  the  momentary  recoil  we  are  witness- 
ing. When  the  great  coffee  movement  was  started  four  years  ago 
it  was  predicted  that  if  values  increased  considerably,  consump- 
tion would  decline  in  proportion.  This  has  proved  to  some  extent 
true  in  Europe,  but  it  has  not  here.  Thus,  in  1871,  the  six  ports 
on  the  Atlantic  delivered  138,00U  tons  ;  in  1872,  118,000  tons  ;  in 
1G73,  113,000,  and  in  1874,  119,000,  while  this  year  promises  to 
show  a  large  increase.  The  unusual  distribution  in  1871  was  (iue 
to  exhausted  stocks  and  the  anxiety  to  lay  in  a  supply  when  a 
large  crop  deficiency  was  in  prospect. 


Cateat  fflanetarn  anii  Commercial  <Euglt3l)  Nemo 


RAXBSOF  BXCHANGB  AT  LONUUN,  AND  UN  LUNUON 
AT  I.ATB8T  DATES. 


KXCHANGB  AT  LONDON— 
OOTOBliE   1. 

BXCHANGB  ON  LONDON. 

OK— 

TOTS. 

BATB. 

I,ATBST 
DATS. 

TIHB. 

BATC. 

Amsterdam . . . 

short. 

12.0xai2.1« 

Oct,  1, 

short. 

12.05 

Antwerp 

25.60    ®S5.55 

•• 

85.22 

Hamburg 

20.63    ©20.67 

3  mos. 

20.24 

Paris 

short. 
3  months. 

■25.20    ©25.30 
25.45    e-;5.50 
11.40    ail.45 

oct!'i. 

short. 
3  mos. 

S5.2I 

Paris 

Vienna 

111.80 

Berlin 

.... 

20.ti3    ©20.67 
20.63    a20.67 

.. 

short. 

80.85 

Frankfort  .... 

50.85 

St.  Petersburg 

i\y.m^H 

3  mos. 

82  9-16 

Cadiz 

90  days. 

47K@i8 
52>4@5aK 

.... 

— 

Lisbon 

Milan 

3  months. 

27.42Xa27.4TX 

.... 

.... 

..  . . 

Genoa 

27.4il>f@27.47>i 

.... 

Xaoles ., 

2r.42X(a*7.47X 

.... 

..  .. 

Madrid... 

.... 

New  Vork  .... 

.  .. 

Oct.1. 

60  days. 

$1  ;9>tf 

Rio  de  Janeiro 

Sept.    8. 

90  days. 

„  ''M„, 

Bahia 

Aug.  27. 

.  .. 

26Ji@27 

Buenos  Ayres.. 

.... 

Aug.  31. 



48>4®X 

Valparaiso 

.... 

.... 

•  ■•• 

.... 

Peruambuco  .. 

.... 

Sept.   8. 

... . 

27 

... 

.... 

.... 

.... 

Bombay 

Sept.  30. 

6  mos. 

Is.  10  3-16cf. 

Calcutta 

•      ••■• 

Sept  28. 

1«.  ICHd. 

Hong  Kong... 

.... 

Sept.  16. 

.... 

4«.  Id. 

Shanghai |      .  . . 

Sept.   4. 

.*•. 

ta.lKd. 

Aug.  83. 

.... 

isMid^U.  \)id 

Singapore..  .. 

Aug.  21. 

.... 

4«.  0d.@4*.0Kd. 

Alexandria 1      .... 

Scpu  23. 

3  mos. 

M7;{ 

LFrom  our  own  correspondent.) 

London,  Saturday,  Oct.  2,  1875. 
The  somewhat  increased  firmness  in  the  money  market  which 
was  apparent  last  week  has  been  maintained,  and  as  the  export 
inquiry  for  goldhas  continued,  very  little  accommodation  has  been 
obtainable  during  the  present  week  under  the  official  minimum 
of  two  per  cent.  It  was  conjectured  by  some  that  the  directors  of 
the  Bank  of  England  wouM  consider  the  question  of  augmenting 
their  terms  for  accommodation ;  but  they  have  decided  otherwise 
and  have  made  no  change.  Since  the  rates  have  improved  in  the 
'  open  market,  tbe  Bank  of  England  has  secured  a  larger  proportion 


October  16, 1875.] 


THE   CHRONICLE. 


363 


of  the  diaeoont  buaineaa,  and  u  the  dir«ctors  of  the  bank  have  to 
itady  the  inteieeta  of  their  ahareholdera,  thej  have  elected  to  be 
certain  of  retaining  that  increase  hj  not  ralaiog  their  terms  much 
above  thoe*  which  are  current  in  the  open  market.  The  directors 
•!•  mat  tied  to  any  particular  day  to  vary  their  terma,  and  if  the 
fliiiiiiia  demmnd  for  gold  for  coinage  purposes  should  unexpect- 
edly aasome  larger  proportions  at  any  particular  moment,  the  rate 
can  be  at  once  advanced.  It  is,  however,  tolie  borne  in  mind  that 
U  the  Uerman  Oovemment  are,  as  we  know  they  are,  earnest  in 
•Mablishing  their  gold  currency,  an  advance  In  the  bank  rate  to 
21@3  per  cent  would  not  prevent  them  from  parcliaaiDg  what  gold 
they  can  pay  for.  A  large  demand  would  have  the  effect  cf  com- 
pelling them  to  pay  a  higher  price,  but  to  a  nation  the  extra  cost 
would  not  be  a  matter  of  much  importance.  Considering  therefore 
that  the  mercantile  demand  in  this  country  is  still  on  a  restricted 
■Okie,  and  that  the  German  demand  is  an  uncertain  element  in  the 
qoestion,  the  directors  of  the  Bank  oi  England  hare  no  doubt 
been  judicious  in  not  raising  their  terms,  as  the  (old  which  is 
being  purchased  of  us  was  not  required  here,  and  was  not  yielding 
any  satisfactory  return.  When  *Jie  time  arrives,  and  it  seems  ye' 
far  distant,  when  there  is  a  decided  and  permanent  revival  in  the 
demand  for  money  for  the  pnrpoaas  of  legitimate  trade  and  useful 
and  remunerative  enterprise,  the  capiuliats  of  Englsnd  will 
undoubtedly  call  in  their  loans  from  numerous  quarters,  and  there 
win  be  no  need  to  apprehend  that  there  will  be  any  deficiatey . 
The  want  of  coofideDee  in  this  country,  which  has  now  existad  for 
■any  months,  has  naturally  caused  aota*  of  oar  capital  to  be  dis- 
trlbatad  in  nnmerouii  foreign  coontries;  bat  whea  it  can  be  safely 
•ad  laflliiaataly  wnplojred  hen,  we  shall  Bnd,  no  doubt,  that  the 
MtraeUvo  power  of  a  lembneiBtive  English  market  is  great. 

The  demand  for  oKmey  daring  the  week,  partly  in  eoosequeoce 
of  the  Stock  Exchange  settlement,  and  partly  owing  to  the  dote 
of  th«  qaarur,  baa  been  good,  and  the  rates  of  diseoont  are  now  as 
■nder: 


■bills. 


rsrccat. 


Per  cent. 

4  Bioaths*  baak  Mils tuatM 

•  Boalka'kaak  kUls *M9*% 

«  and  •  ■wtfci'  liad*  kUU  ts9*it 


rat  tea 

ixC. 


■aak  mu 
OffsB-aMTketi 

i(aadea<Uy«- 

Imoaus'kUls IXi 

The  rate*  of  iBtaraat  allowed  by  tb«  Jolat-sioek  banks  sad  dis- 
count boaaMi  (or  dapoaila  aia  aa  fbliows : 

ratcaat. 

Jalavalockkaafea 

Dlscoaat  aoases  at  call ...• 

Wtcoaat  boesM  <r1tk  T  dar*'  notice... 
Uaeoaal  koases  irlik  14  dari'  aortce. 

Annexed  is  a  statement  showing  tbe  presaat  poeitioa  of  the  Bank 
of  Bnglaad,  the  Bank  rate  of  discount,  the  price  o(  Consolr, 
the  average  qootation  for  Bnglisb  wheat,  the  prlca  of  Middling 
Oplaad  eottoB,  of  No.  40  Mala  yam  fair  sacoad  qoaUtj, 
■ad  tka  Bankers'  aaariag  Hoasa  raura,  saaparad  with  the 
ptv*to«a  foar  yaart : 

ifn.        iSTt.        itn.        UN.        itTk. 

t  M  M  M  a 

ujm.en  n.i!»jm  n.itrjtm  ti.MUM  iM*i.4i7 

MtMH     M«UM     •wSM.Mi     KXMM     4JS«.0at 
lUMLMI    IMM.**    tt,!!*.!!*    IMMja    tifntM 

i*jntjm  i^MMn  imh^im  ujmjmt  u-hmlim 
HMum  UMtMt  n.vnjm  imm.im 


taeatM 

FabHc  iiyislts 

Otkarliiiiiitts.... 

tIaveffaMsaa  sacaritftse. 

Oikwsstarltiss 

of 


aa4  kallloa  Ic 


■MlMwtMat. 
MtlUsii 


MtM« 

n,tt4au 


vmxn   MM,iM  tuujm 


tl.IM.4H 
■•.sd. 


Ms.  *d. 

•  U-Ud. 


lllMT.n< 

STcdM^MI 

«  PC 

Itt.  *\ 

«s.  M.       41<.  U. 

7  U-Md.  H  l»-l»<l. 


UpiaadeaMoa.  .. 

Wo.40  Bale  ran  fair  td 

<aaUty Is.  Iki     Is.  tyA     la.tMd.      I*,  ncd.  •1I<L 

OtsailiwBaMe  fstara-llMBMO  IS4.flgM«»  imjiCm  I1M>MW  tOtJtnjM 

•  Pries*  BepLM. 

Tha  Baak  rstan  pabtisbed  thla  week  akowa  that  tha  Baak  has 
axpartsaead  a  battar  demand  for  moaay,  tha  total  of  "  othar  saeor 
Itiea"  having  been  augmented  by  £1,1103S4.  Ooing  to  the 
quarterly  paymaats  there  is  an  increase  of  £1,091,411  ia  tha  Bote 
circulation,  and  aa  there  is  a  dia<ioution  of  nearly  £140,000  la  the 
■apply  of  bullion,  the  falling  off  in  tbe  reserve  amounta  to  £1,901,- 
on.  Tba  proportion  ot  of  reaerve  to  llabilitita,  which  was  last 
weak  aaarly  68  per  eaat,  aow  amounts  to  about  4Si  per  ernt. 

Tha  lataa  of  Boeay  at  the  leading  dtiea  abroad  are  aa  follows: 

Baak 


as  £87,408,043,  or  about  £4,300,000  more  than  at  this  period  last 
year,  and  about  three  quarters  oi  a  million  sterlipg  is  due  from 
Australia  in  a  few  days. 

Silver  is  scarcely  so  firm,  owing  to  the  sales  made  by  Qermany, 
and  to  a  diminished  export  demand.  Mexican  dollars  are  inactive 
and  show  no  material  change  in  value.  Annexed  are  the  quota- 
tions: 


s.   d. 

77    »9i9 
77  11^* 


«.  d. 


15 


BarQold per  os.  standard. 

Bu  8old,ftne per  oz.  ■tandard. 

Bit  Odd.  reflnable pares,  itaiidard. 

g^xalah  Doablooos peroi. 

8oalh  American  Doabloons peros. 

OuUadSu'MQoldi^'o peros O 

•II.VBB.  a.    d.       a. 

Bar  Sliver,  Fine per  ox.  aundard,  laat  price.    M  11-161 

Bar  Stiver,  eoa'ng  S  gn.  Gold-.per  or.  aiandard,  Uat  price.     S7)i 

MezleaB  Dollara peros.      S&j[( 

SpanUb  DoUara  (Carotos) per  os.  nnoe  here      ....      &  .... 

Fits  Ptane  Places per  ox.       ...        O    ... 

The  news  from  Turkey  and  from  China  is  by  no  means  regarded 
as  satlsfsctory.  Tbe  most  appears,  however,  to  be  made  of  the 
inteiligenee  from  both  countries,  as  the  "  bears"  in  tbe  Stock  Ex- 
change are  deairous  of  baying  back  their  stock.  On  Wednesday, 
tor  no  tangible  reasons,  the  maikets  were  in  a  most  depressed  and, 
iodaad,  panicky  stale;  but  since  then  a  firmer  tone  has  prevailed 
and  a  partial  recovery  baa  taken  place.  The  tralSc  reoolpta  of  oar 
l>rindpal  railway  eompaniea  are  disappointing,  and  these  have 
tiforded  a  farther  reason  for  the  depressing  tendency  which  has 
prevailed.  The  low  prices  liave,  however,  brought  in  purchasers 
tbongb  buyers  have  operated  with  great  caution.  During  tbe  last 
(•.'W  days  active  business  has,  to  some  extent,  been  cheeked  by  tha 
Jewish  holidays,  on  the  oceaaion  of  tha  Jewish  New  Tear. 

Bather  a  better  tone  has  pervaded  tbe  wheat  trade  during  the 

preaeat  week.    The  arrivals  of  foreign  produce  liave  l>een  liberal, 

and  there  is  a  good  supply  oi  wheat  afloat,  but  tbe  deliveries  of 

t:agllah  piodaea  are  much  below  those  of  last  year.    Taking  tha 

•uppliaa  of  English  and  foreign  produce  together,  the  increase  in 

the  qaantity  mnrketcd  since  harvest,  compared  with  last  year,doaa 

Bot  esetad  614,000  ewt.,  and  if  wa  bear  in  mind  that  the  farinaca- 

out  properties  of  Eagluh  produce  this  season  are  by   no  means 

equal  to  those  of  the  1874  crop,  the  Increaaa  is  reduced  to  small  pro- 

poctiaaa.    Aasaxad  Is  an  eatimate  o(  the  quantities  of  grain  and 

Hoar  markalad  ia  Baglaad,  diallnguishing  English   from   foreign 

produce,  siaoa  tha  aoeiaaaeaiBaot  of  September  ;  the  falling  off  in 

tbedellvertaaofhomagiowapTodnee  will  ba  seen  to  ainoont  to 

as  maeh  as  S,000,C00  ewt: 

ItTS. 
Cwt. 
a(  wkaat  liaea  ksrvest. .  (,s«.i44 

afSMir «»i.«0 

Mesaf  kussapawa  predaat...  t,a»Ain) 


DoTar 


urn. 

cwt. 

<,m7u 

S.«.b74 

B,Ms,aaa 

1871 

Cwt. 
t.68&.7ei 

4I0,IM 
4,189,000 

itn. 

Orx. 
«,MS,«4I 

sau.47* 

4.M4.aU> 

•^.3 

'•SS;Sil 

a,«4i.71n 
«.n7 

t.M4.»l 

Dsdact  sxyart  at  wheat  aadtaar      n.&«  _ 

BsaaiU  ...  M*7.il*       timm       (.(Tt,!*!       MH.m 

*r5:'£s.:!..^*".''r'4«a.5d.   47a.  od.   .u.*i.    H..4d. 

Tha  following  Sgurea  show  the  Imports  and  exports  of  oareal 
Modaea  Into  and  from  tbe  UBited  Kingdom  since  barv«st,  vis. 
fowa  Sept.  1  to  the  close  of  last  week,  compared  with  the  corra- 
•fcadlag  parioda  in  the  three  previous  years : 


Psaa 


ins. 
.ewt.  tjm.TU 
»tt1*4 

......  IJ 


ladlaaCora. 
Pbar. 


1SS4M 


l«74. 
LMI.^OS 
Mia.Mft 

•at.«l 

■i,4Bir 
U4jn 


^InB.  .<•  ■■•eaeaaaaaaae 

ftsMkarn. .'..!. "..J. 

Bartla 

Praakfert 

VleaaaaadTttssle..  . 
liadrid.Osdli*adBar 


0?aa 
tat*.  sHtkst. 
Mat.  II  s»  seat. 

4     nt*. 

*K 

I     *% 


Taria.  Plotsacs 

Boae 

i-»P^ -.. 


Op«B 

■arktt 
yaresat.  parent. 

■  --..      *)i      *H 


lisbea  sad  Opnrto 
•bPatarsbsnt.... 


I'* 


Hew  Teak. 
GWralla  , 


f 

t 
4I» 


4.V 


-         J..  ...       a<a 
Ooeataadnopto!!.'.'!*     m 
I  All  our  importattoBa  of  gold  have  Ixen   abaorbed,  and 
pareals,  chiefly  of  foraiga  coin,  have  beeo  taken  out  of  the  Bank  of 
PngV^*     The  SBpply  bald  by  xhU  aatlMMiment  ia  still  aa  much 


4^ 

m 

k  few 


Pms. 


Ploar 


•1.410 


K.aM 
M07 
4.1*7 

m 

«4«4 
CM* 

l.tM 


S4a,«H 


(M 

i.s«r 
11 

7.173 


1(70.  l«7t. 

M  S.7M  l,MS,S4l 

a(e^4ti  :M.tM 

Ml,tl8  •I0,7U 

118,178  88.a08 

t;<,8aft  t*s.8«o 

t,t4&,«l«  t.4a8.«8 

4in,8aa  ua,m 


4Sl.l8i 
1M 


11.708 
St,08S 


M« 
Mt 

1,481 


Tha  fiaa^|Iquarter  terminated  on  Thursday,  and  the  revenue 
ralaiaa  wEJehTave  been  published  are  regarded  as  satisfactory. 
Tha  gma  produce  of  tbe  revenue  of  the  United  Kingdom  for  the 
ysar  eadad  Tbarwlay  U  £70.910,6)17.  as  compared  with  £73,966,210 
for  tha  twelve  months  eaded  80th  September,  1874.  Tha  net 
daocaae  oa  the  year  U  thus  £49,.582,  which  is  arrived  at  as  follows: 
There  are  increases  of  £648.000  in  axdse.  £325,000  In  sUmps, 
£61.000  in  land  Ui  snd  house  duty,  £372,000  in  Post  OfBce,  £16,000 
ia  Crown  lands,  sad  £20-2,418  In  miscellaneous ;  against  deeraas«a 
of  £18,000  in  customs,  £1,526,000  In  property  and  income  tax,  and 
fllO/XX)  in  telegraph  service.  The  balance  of  these  Increases  and 
deanaaes  shows  tbe  revenue  for  the  past  twelve  months  to  be 
giltjgt  law  than  in  the  previous  twelve  months,  as  stated  above. 
Tha  ravenue  for  the  six  moniha  ended  Thuraday  is  £34,648,879,  aa 
against  £33^464,116  in  the  correapondlog  half  of  tbe  previous 
Snandal  year.  There  is,  therefore,  a  net  Increaaa  of  £994,764  on 
tha  half  year.    Tha  only  decrease  is  ia  property  and  Income  tax 


304 


THE   CHfeONlCLE. 


[October  IC,  1875, 


£345,000,  all  the  other  departmontg  ahowiog  increases ;  castoms  of 
£305,000,  excise  of  £400,000,  stamps  of  £146,000,  land  tax  and 
houseduty  of  £25,000,  Post  Office  of  £332,000,  telograpb  service 
of  £20,000,  Crown  lands  of  £10,000,  and  miscellaneous  of  £305,784. 
Lastly,  with  regard  to  the  quarter  ended  Thureday,  as  compared 
with  the  quarter  ended  30th  September,  1874,  there  is  a  net  in- 
crease of  £400.621,  beinsr  £16.383,317,  against  £15,981,594.  The 
increases  are  £181,000  in  customs,  £309,000  in  excise,  £60,000  in 
stamps,  £4,000  in  Post  Office,  £30,000  in  telegraph  services,  and 
£10,000  in  (Jrown  lands;  and  the  decrease,  £34,000  in  land  tax  and 
honse  duty,  £51,000  in  property  and  income  tax,  and  £108,377  in 
miscellaneous. 

The  announcement  made  by  the  Anglo-American  Telegraph 
Company  that  they  will  on  Monday  increase  their  charge  for  mes- 
sages to  New  York  from  Is.  to  48.  per  word  has,  as  may  well  be  im- 
agined, not  been  received  with  favor  by  the  mercantile  commuuity. 
The  company  have  again  become  possessed  of  a  monopoly,  owing 
o  the  break  in  the  Direct  United  States  Company's  Cable  ;  but  If 
Ihey  cannot  use  it  j  udiciously,  the  public  will  be  inclined  to  afford 
the  rival  company,  should  it  be  fortunate  enough  to  repair  the  break, 
as  much  support  as  it  can.  The  Direct  Company  seem  doomSd  1 
to  be  unfortunate ;  but  if  the  high  charge  of  48.  per  word  )s  J 
enforced  by  the  Anglo-American  Company,  it  would  be  well  fir] 
that  section  of  the  community  trading  with  America  to  submerge 
another  cable,  if  the  work  could  be  entrusted  to  competent  hands. 
It  was  hopeH  tiot  'he  Anglo-American  Company  would  niakqa 
reasonable  charge,  which  would  preclude  the  possibility  of  fre|h 
capital  being  introduced  on  the  same  field  of  enterprise  ;  but  It 
now  appears  that  they  fix  their  tariff  at  a  point  which  will  invite 
fresh  capitalists  to  come  forward  and  contest  the  field  with  theip. 
It  is  very  doubtful  if  this  can  be  looked  upon  as  judicious  msn- 
agement. 

Bnsllah  Itlarlcet  Reports— Per  Cable. 

The  daily  closing  quotations  in  the  markets  of  London  and  Liver- 
pool for  the  past  week  have  been  reported  by  cable,  as  shown  in 
the  following  summary : 

London  Money  and  Stock  Jf«r*«<.— The  bullion  in  the  Bank 
of  England  has  decreased  £1,339,954  during  the  week.  The 
directors  of  the  Bank,  at  their  regular  weekly  meeting,  to-daj 
advanced  the  rate  of  discount  from  3^  to  3J  p.  c. 

Sat,       Men.       Toee.      Wed.       Thnr.        Frl. 

Console  for  money 93%        93  13-16  93  1.3-16    93  15-16    93%         94>,' 

"      account 93  15-16  93%         93  13-16    93  15-16    i)3  15-16  94  3- 

0. 8. 68  (5-208,)  1865,old.l06}f        lOtilrf       106«     xl03X         103J(         104 

1867 101>i         lOTJi        107Ji         107%  1073f  1D7X  J 

D.S.  10-408 104\        !04Ji        lO-lJi        Wlii  104«»  104 Ji  j 

New  6g lOlJi        104X        104)i     xlOSJi         103K         103X  ^ 

Tba  quotaclous  lor  (Taited  States  new  fives  at  Franktort 
were : 

U.S.newflves 9:tX        ....         9');^  ....  9.1% 

Liverpool  Ootton  Mnrkii. — See  special  report  of  cotton. 
Liverpool  Breadstu;ffs  Market. — This  market  closes  firm  at  an 
advance  on  spring  wheat  and  corn,  as  compared  with  a  week  ago. 

Sat.  Hon.  Taee.  Wed.  Thnr.  Frl. 

_.                                             s.  d.  s.    d.  8.    d.  8.   d.  B.   d.  s.  4. 

FlOni  (Weatem) Vbbl  34    6  U    G  34    6  34    C  34    6  31    6 

WheatCRed  W'n.  8pr).*ctl    8  10  8  10  90  90  90  9    8 

"      (Red Winter)....    "    10    0  10    0  10    0  10    0  10    0  10    0 

"      (Cal.  White  clab)  "    11    4  11    4  11    4  11    4  11    4  11    4 

Corn  (W.  mixed)  sp  quarter  39    3  29    9  30    0  30    0  30    0  29    9 

FeaB(Canadiau)..«anarter  41    0  41    0  41    0  41    0  41    0  41    0 

Liverpool  Provisions  Market. — Pork,  bacon  and  lard  close  the 
week  at  higher  prices  thin  on  Friday  last. 

Sat.      Men.      Tne8.  Wed.  Thnr.  Frl 

8.  d.       8.    d.      8.   d.  8.   d.  8.  d.  e.  i. 

Beef  (me88)  new  $  tee 60    0       600       600  60    0  60    0  600 

Pork  (mess)  new  «bbl...        80    0       80    0       80    0  80    0  80    0  81    6 

Bacon  (long  cl.  mid.)??  cwt    55    0       55    6       66    0  57    0  57    0  67    0 

Lwd  (American)....     "         61    0       61    0       60    6  61    0  61    0  61    6 

OiieesetAmer'n  fine)    "         56    0       66    0       66    0  56    0  56    0  56    0 

Liverpool  Produce  Market. — Spirits  petroleum,  tallow  and 
spirits  turpentine  are  higher  than  on  last  Friday. 

Sat.       Men.      Taee.      Wed.  Thnr.  Frl. 

8.  d.      8.  d.        8.  d.        8.  d.  8.   d.  e.  i. 

Bosis  (common)...^  cwt..    60        50         50         60  50  50 

"     (pale) "        16    0       16    0       16    0        16    0  16    0  16    0 

Patroleaia(renned)....Vga!        9)^          9>^          9X          9!^          9}i  9M 

(Bpitlts) "          UH        n^i        IIX         llJi         111/,  iij, 

Ta11ow(American)...$  cwt.  48    6       48    6       48    6       48    9  48    9  48   9 

Clover9eed(Am.red)..    "     37    0       37    0       37    0       37    0  37    0  37    0 

Spirits  turpentine "     33    6       44    0       34    0       34    0  35    0  35   0 

London  Produce  and  Oil  Markets. — Though  there  have  been 
one  or  two  slight  differences  during  the  week,  prices  close  the 
same  as  we  quoted  a  week  ago. 

Sat.        Men.       ToeB.        Wed.       Thnr.        Frl. 
£   8    d.  £    s.  d.    £    6.  d.     £  8.  d.    £    8.  d.   £    s.   i. 
LtnB'dc'ke(obl).¥tElO  10    0  10  15    0    10  15    0    10  15    0   10  15    0    10  15    0 
Linseed  (Calcutta)....      48    0       48    0         4S    0         48    0         48    0         48    0 
8agar(No.l3D'ch8td) 

on8pot,$cwt 33    0         33    0       33    0         33    0         3j    6         33    6 

Spermoil «  tan. 91    0    0    94    0    0  91    0    0    91    0    0    94    0    0    94    0    0 

Whaleoll "    34    0    0    34    0    0  34    0    0    34    0    0    34    0    0    34    0    0 

Linseed  oil... .$  cwt.      343         343       340         343         34    3         348 


rosaisii  laroBTs  at  miw  zona  tob  tbb  wbke. 

«87».                 1878.                 1874.  1875. 

Dry  goods »a,10t,985        13,091. lia        $J,01!i,317  tl,:i0,69-J 

General  morchandlBO...        6,633,353           6,;28,595           4,459,843  3,541854 


ToUlfor  the  week..      18,644,338        t7,319,707         t6.4;9,189        »4.6.5a.546 
Prevloa»ly  reported....     843,071,780       315,9';6,133        309,673,072       S6!,895,833 


(filommcrcial  anb  MisctWamons  J^'cvoa. 

iMPORTB  AND    EXPOBTS   FOR  THK    WEEK. — The  ImoortS  this 

week  show  a  decrease  In  dry  goods  and  an  increase  In  general 
merehandise.  The  total  imports  amount  to  $4,653,546  this  week, 
against  |4,983,303  last  week,  and  |6,393,249  the  previous  week. 
The  exports  are  |4,877,407  this  week,  against  $5,837,619  last 
week  and  $4,100,394  the  previous  week.  The  exports  of  cotton 
the  past  week  were  14,050  bales,  against  13,598  bales  last  week. 
The  following  are  the  imports  at  New  York  for  week  ending  (for 
dry  goods)  Oct.  7,  and  for  the  week  ending  (for  general  iiier- 
chundiie)  Oct,  8; 


since  Jan.  1 J350,719.018     1333,195,850      t316.052,261    1367,518.379 

In  our  rsport  of  the  dry  goods  trade  will  be  found  the  importsof 

dry  goods  for  one  week  later. 
The  following  is  astatement  of  the  exportB(exclusive  of  specie) 

fromche  portof  New  York  to  foreign  ports, for  the  week  ending 

October  12  : 

■XPOBTB  raOK  HBW  TOBK  VOB  TBB  WBBK. 

1873.  1873.  1874.  1875. 

Fortheweek »8,225,767        $7,0-25,771         »5,210.a86  14.877  407 

Pcevionely  reported 171,863,353      S23.5IB,,'i58       231,8M,723  191,847,115 


Since  Jan. 1 $177,589,100     $2.30,572,129     $230,099,009     $196,724,522 

The  following  will  show  the  exports  of  specie  from  the  port  of 
New  York  for  the  week  ending  Oct.  9,  1875,  and  since  the 
beginning  of  the  year,  with  a  comparison  for  the  corresponding 
date  in  previous  vears  : 

Oct.  6— Str.  Scythia Liverpool Silver  bars $49,9C0 

Oct.  7— Str.  Gellert London Silver  bars 86,000 

Paris Silver  bars 90,000 

Poieign  silver  coin.        77,.'S0O 

Oct  9— Str.  Mosel..  London Silver  bars 60,000 

Oct.  9— Str.  Baltic Liverpool Mexican  silver  coin.  500 

Out.  9— Str.  City  of  Richmond.. .Liverpool Silver  <fc  gold  bars..        40,000 

Total  for  the  week $453,900 

Previously  reported 63,444,417 


Total  since  January  1, 1875 $63,896,317 


Same  time  in— 

1874 $43,563,450 

1873 43.405.711 

1872 60.2.33.983 

1871 56,717,537 

1870 50;686.569 

The  imports  of  specie  ai  this  port  daring  the  past  week  have 
been  as  follows: 

Oct.  4— Str.  Mosel Southampton... .Gold  coin $194,664 


Same  time  In — 

1869 $-27,383,284 

1868.   66,430,157 

1887 42,922,695 

1866 54,113,933 


Oct.  4— Str.  City  of  Richmond. .Liverpool Gold  coin 

Oct.  5 — Str.  Tybee Havana Silver  coin 

Gold  coin. . 

Oct.  6— Str.  Columbus Havana Gold  coin.. 

Oct.  7-Str.  City  of  New  York  .. Havana Gold  coin.. 

Oct.  8— Schr.  Alary  Burdett Cuidad,  Bolivar. Silver  ... 

Gold  bars.. 

Oct.  9— Schr.  Impulse Belize Silver  coin 

Oct.  9— Str.  City  of  Dallas I^assau Silver  coin 

Gold  coin  . 
Oct.  9— Str.  Andes Lagnayra Gold  coin . . 


243.325 
2.975 
8.080 
2,101 

213,390 
963 
4,734 
1,775 
1,342 
2,.341 
1,581 

Total  for  the  week  $677,271 

Prevlonely  reported 9,544,809 

Total  since  -Tan. 
Same  time  In— 

1S74 $5.0S0.9:W 

1973. 9,961.206 

1872 4,994..3U2 

1871 8,311,207 


1,  1875 $10,222,080 

Same  time  In— 

1870 $8,489,011 

1869 14,702.820 

1S68 6,078,842 

1867 2,842,898 

— We  call  especial  notice  to  the  card  in  our  to-day's  issue  of 
Messrs.  Edward  C.  Fox  &  Co.,  who  give  particular  attention  to 
dealings  in  the  different  classes  of  bonds  for  which  there  is  no 
regular  market,  prominence  being  given  to  defaulted  railroad  se- 
curities. Mr.  Fox  is  a  member  of  the  Stock  Exchange,  and  any 
business  received  by  the  firm  has  his  personal  attention. 

— Attention  is  called  to  the  card  of  Messrs.  B.  K.  Smith  &  Co., 
Cotton  Commission  Merchants,  125  Pearl  street.  New  York. 
Mess's.  Smith  &  Co.  have  been  established  in  business  for  some 
time  in  Boston,  and  have  just  now  opened  their  branch  house  in 
this  city,  having  their  offices  at  the  number  above  named. 


BANKING  AND  FINANClAIr. 

wTsHINQTOV." 
[Despatch  to  the  Associated  Press.] 

NEW  TBBASURT  LOCKS. 

Washington,  Oct.  7.— In  order  to  render  more  secure  the  funds  in  the  United 
States  Treasury,  Treasurer  New  to-day  had  chronometer  locks  afltxed  to  all 
the  safes  in  his  office,  which  are  to  be  locked  at  the  close  of  business  each 
afternoon,  and  cannot  be  unlocked  again  until  nine  o'clock  of  the  succeeding 
day. 

The  Locks  referred  to  above  are  the  Sargent  &  Greenleaf  Time  Lock,  the 
same  tJiat  saved  the  Banks  at  Great  Barrlngton,  Mass.,  and  Barre,  Yt. 


ADVANCES  MADE,  only  on  Cotton  in  Store  and  Approved  Stock  Exchange 
Collaterals.  R.  M.  WATERS  &  CO. 


RAILROAD  BONDS.— Whether  you  wish  to  BUT  or  SBLL,  write  to 
HASSLER  &  CO..  No.  '.  Wall  street  N. 


TEXAS  STATK  BONDS. 

Houston  and  Texas  Central  RR.  First  Mortgage  7  per  cent  Gold  Bonds, 

«.  a.  &  H.  First  Mortgage  7  per  cent  Gold  Bonds,    ■ 

Texas  Lauds  and  Land  Scrip,  for  sale  hv 

WILLIAM  BRADY,  33  William  at,  N.  Y. 


STOCKS 

Dealt  in  at  the  New  York  Stock  Exchange  bought  and  sold  by  ns  on  margin  of 
five  per  cent. 

PRIVILEGES 

Negotiated  at  one  to  two  per  cent  from  market  on  members  of  the  New  York 
Exchange  or  responsible  parties.  Large  sums  have  been  realized  the  past  30 
days.    Put  or  call  costs  on  lOO  shares 

$106  26 

Straddles  $350  each,  control  200  BhareB  of  stock  for  30  days  withont  further 
risk,  while  many  thousand  dollars  profit  mny  be  gained.  Advice  and  informa* 
j,Ion  furnished.  Pamphlet  containing  valuable  statistical  information  and 
showing  how  Wall  street  operations  are  conducted  sent 

FREE 
To  any  address.    Orders  soUcIted  by  mail  or  wire  and  promptly  executed 
UB.    AddresB, 

TUUBIUSQB  A  CO.,  Bankera  and  Brokers, 

Mo,  3  WaU  aucet  M,  T 


Ootober  16,  1875.] 


THE  CHPONICLK 


365 


^i)t    8aaker9'    ©alette. 

NATIO?(AIi  B4NKS  OBOA!f  IZBD. 

Tb«  TTaitad  SUlea  Comptroller  of  tbe  Camaij  taraUhei  the 
(bllowiog  ■tAlement  of  Nattoiuil  B&nki  org^oisad  the  p»st  week  : 

Un-Wwun  Mttloakl  Bank  of  York,  PeniujrlruU.    Aotborlied  capiUI. 

tUUiOW;   p«U-tn   opIUI,  $:(M.uaO.    J.  II.  Baer,  Pruldent ;    it.  J. 
ktnaar,  Ouhler.    Aalhoriud  to  rommrnn  boslnets,  Oetob«r  g,  1873. 

•  IVIDBNBS. 

Tka  foUowlBC  MTMead*  hara  reeeatlr  baan  aDooaocad : 


OoarATT. 


BaUroada. 

■dtbaora  *  OHo  (main  atao).. 

:(aw  Bcdfonl  *  Tauatoa 

Maake. 

Matlonal  City  (qiULf.) 


Pn 

Oan. 


5 


Wan  I  Books  CLoaao. 
fASLi.  (Dara  icdoalra.) 


Not. 
Oct. 


IjOcLSl  to  Oct.  31 
H\  


tSor.    ll 


,  OCTOBBB  IS,  18Tft-«  P.  ■. 
Th«    yioa*r    Xarket    and    Financial     Silaallan. — The 

•venia  of  priucipal  imporUiDce  during  the  past  week  hare  been 
tk*  Tictory  of  the  hard  money  party  in  Ohio,  a  partial  reooTery  in 
lone  at  the  Stock  Exchange,  continued  pressure  in  cash  gold  ami 
low  rates  for  forvign  exchange,  and  an  advance  of  1  per  cent  in 
the  minimum  discount  rate  of  the  Bank  of  England. 

The  reanlt  of  the  Ohio  election  was  generally  received  with 
satisfaction,  though  it  la  seldom  that  our  financial  markets  show 
to  any  gre^t  extent  the  effect  of  a  general  inflneaoe  of  this  char- 
acter, ss  tha  spadal  causes  bearing  immediately  apoa  the  marketii. 
.either  for  s«  adfaiiea  or  deeUae  in  priosa,  ara  apt  to  hare  a  con- 
trolling Influence  for  the  time  being. 

Oar  local  money  market  shows  a  hardening  teadmcy,  partly  in 
eonaeqUMiee  of  the  large  decline  In  the  legal  t<rndrrs  h<-1d  by  tU* 
banks,  and  rates  have  ranged  from  8^  per  cent,  according  to  tUr 
collateiala  and  tke  tiae  of  borrowing;  tha  lower  rate  was  nia<le 
at  the  cloae  of  bvstasaa  to-day.  In  oommOTdal  paper  a  fair  bu^i- 
aeas  has  beea  doas  on  the  basis  of  ^  to  7  per  cent  for  prime  pafxT, 
bat  with  few  tranaactions  made  nnder  0  per  cent. 

On  Thursday  the  Bank  of  England  report  showsd  a  funhrr 
ihtresas  of  £1,S98,A54  in  bullion  for  the  week,  leaving  the  (mt- 
esBtage  of  reaenre  to  llsbiiities  S5|  per  cent. ,  against  40^  per  crot. 
laat  week  and  M|  per  cent,  the  week  bafom  Ob  thia  showing 
the  Baak  rate  waa  adranoed  1  par  cent,  to  H  par  eeat.  Tha  Bank 
of  Fraaee  showed  a  daaUna  of  9,007,000  ftaaos. 

Tho  hMI  weekly  stalaoieat  of  tli«  New  York  City  Clearing 
Boose  Banks,  iasnad  Oct.  •,  rhowed  adeaiaaae  of  f4.t)19.:i-.' 
exeew  aboro  their  SS  per  cent,  legal  rsaarrt,  tb«  wh 


Total  6  par  cent  bonds,  gold  Intereat $S40,4M,T0O 

Total  •  par  ernt  bondi,  gold  Intereat nT,6l(,4fiO 

Totals  per  cent  bODda,cuTencjiDtareat :3,tld,51* 

„     ,  .     ,  $371.307.6«l 

Closing  prices  daily  have  been  as  follows: 

Oct.    Oct.    Oct    Oct.    Oct.    Oct' 
Int.  period.       9        u.        l».        1.1.       u.       IL 
-.reg..Jan.  A  Jaly.    1»IX  •:»1S'    HI     ♦IWX  "m       Jit 
.eanp..Jan.A  July.  •IK'i  •:«>{    1J3H' •l«47i 'IM       \^}i 
.-.«g..lUy  *Nov.  •ll.^^    115     'lUV  •114!, 'lis     •lis 
.CODp..lIaT*  Not. 'lis       !19     •119X  •USSi 'll'J       llSJi 
...rcfclUT  A  Not- •lie     •11«       116     •I15X 'USX '116 

coop.. lUy*  Not.   ilkJi  •lit)t    UiH 'U*H    119x  •UPX 

ta,t-IO'a,18«S,n.  I.,  reg..Jan.  A  Jnly.    IM     'llBt^    lie.V  •tl8K    11*     'nO 
aa,»-M>'a,18S5n.t.,coap..Jan.  AJaly.    119       r.87i    118>i  •11R!«    119     '119 

•a,«-Jira,lS«y7 reg..Jan.*J«ly.    IIOK    liOX    llUTi 'IWX  •H0«  •ttOX 

eonp..Jan.  A  Jnly.    \»}i    Uos    U»s    119X    lao^ 'tSOX 
...n!r..Jan.  A  Jnly.  •!«       ia)X  *U0J<  'Itos  •1»!»  "HI 
.eaap..Jaa.  *Jaly.*Ul     'lil     •IIOM  ntOH    ^*o\    itl 
..rac-.Har.ASept.   1163^ 't'-S       U&H    Mis    U!,\    UiH 
caap..llar.*8ept.   IVS    inx  •lliiJK 'liex    inw 'in 
...rec    ..ODartarly.    MIX    111)*    ItSX    lISK  *tlCH  xUSK 
eoap....qnaTterly.^inx 'inx    116^  •11R«  •in«    inj< 
-        -  -  ■     lU     »lii>i  'IKit 


«B,1S61 

«a,18SI 

te,»40'a,l»4. 
«a,S.tO'a,18M. 
6a,  »-MX  1865. 
<a,5-10'a,186S 


«a,M0'a,18(?.-. 
<a,M0>s,l8«S.... 
(s.MO'a.ian... 

te.W-«>'s 

ts,10-ira 

Sa,faMled.]«81., 

Ss.rBBdad,ia81,  

la.OurencT reg..Jan.  4  July.'m"  •IM"  •«< 

•This  la  the  prlca  bid  ;  no  laU  waa  made  at  ths  Board. 
The  range  in  prices  since  January  1,  and   the  amount  of  each 
otaas  of  bonds  outstanding  October  1,  187-5,  wore  aa  follows: 

< — Baage  alBce  Tan.  1.^  ^—Amount  Oct.  1.— > 

Lowest.  Bigbest.  RegtMorcd.  Coupon 
118  Jan.  6  Itt^  May  Mtl«),873,890 
llSliJu-  SlMJ^JunelT 
114]^  Jan.  9  U8JK  Apr.  18 
IIKK  Ang.  9  in  Apr.  9T 
IITM  July  M  lt9X  Jane  18 
in^Jan.    BlMXJnnelT 

9  1I6X  Janets 

9  IKJi  Jone  18 
iWi  Joae  18 
llttXAag.  9S 
119  Jane« 
IMK  Apr.  M 


ls,UBl rsg. 

iBiiin cosp., 

tsift-iirs.  isn coap 

IS,»-IO*a,lSM coap. 

is,  ft-9ira,  18« coap. 

IS,  »-9Vt,  IMS,  saw.eoBp . 

|S,5-ira,  Utn eoap. 

ss,(4rB,  taw coap. 

■sIlMira rag. 

(S,l*-Wa eoap. 

ia,rBBdad,  1181.. .-oosp. 
aikOarener rag. 

Closing  prion  of  securities  in  London  have  been  as  follows: 


.  118XJan. 
.  118  Jan. 
llS^^Mch. 
.  lUV  Mcb. 
.  UtH  Jan. 
.inXJan. 


66,880 
M,a74,()M 
SS,844,»S0 
118.436.800 
88,91S,(&0 

ii,9a&,aco 

141,619,960 
ta9,87'l!t6o 

M.«n.Mt 


89,863.600 
I4,8S0,&e0 
lt.SOS.980 
118,698,4(0 
144,940.800 
ttl.T09.70O 
81,9I9,OCO 

8t,»M.3U 
tt8.«84,U0 


n.t.8S.Mra.jait,al<t. 

9.tL«s,>4ra.t8n 

0.S.ls,lMrs 


Oct. 
1. 


10«H 
IU7X 
UMV 
1049 


Oct. 


Oct. 
15. 


:07v 
iot<k 

IM* 


l»t 

tOTI^ 

lOtii 

inn 


Since  Jan.  1.  1875. 


Loweat. 


lOaXOct.  13 
lOKK  Jane  IB 
lOtS  Feb.  It 
101     Apr.  » 


illgbeat. 


lOSU  Apr.  9 
lOOXMay  6 
Vn  Ang.  IS 
mx  Aag.  16 


»tmt*  aad  Katlroad  Boada. — There-have  been  few  traniac- 
tions  In  State  bonds  and  no  new  feature  of  iiiiportaiirc.  Tun- 
MMsas  are  weak  and  Virginias  firm,  though  the  latter  are 
alianyi  here  tlian  In  London.  The  North  CaruUna  Constitn- 
ttoMT  Cbnventlon  has  adjourned  without  taking  any  definite 
alapa  in  regard  to  the  Sute  debt.  The  funding  board  in  Louisiana 
mat,  and  funded  $8'VI.7U4  more  nf  the  old  bonds,  all  presented 
by  a  New  York  banking  house,  and  presumably  held  for  foreign 
.aeooont. 

BaUraad  bonds  have  been  variable,  but  in  most  caaea  stronger 
i'.'.'i,  la  I  towards  the  cloae  of  theweek.      l>ow  prictss  have  been  made  on 


beiag  10,310,279,  agaiasi  |14,7«1,«M  th«  previnu* 


l»7t 


The  teUowiag  table  shows  the  diaafaaftoBiha  prarloaa  week 
•Dd  a  eoaapariaoB  with  1874  aad  1873: 

. 1»7». ,  1874. 

Oct.  4.         Oct.  a      DtftfBis.      Oct.  la 
UMaa  aaa«is.  <8n,Mi.ii6  a«i.m.aot  tac:.  tMjmjm  tmjnjm 

•fii, M«S     JklDUMIse.      IBIJM     M,Mi.lS 

ObcBlatlea....      tTJI«Jt8     rUM.4iai>ae.        11,488     B,IIM88 
yet  dapeslta. .    tM,«ili88   aikllCM8D«S.    ISIIJM   Mknijao 


^1 

tkttUlO 

Valted  SlatM  ■•■«•.— There  haahaaBoowidsrable  bn5in<«a 
la  govenuneala  daring  the  week  la  niiiaannMini  of  the  oeeurrriKe 
nf  the  aleetloiM  which  tamed  so  largelj  oa  the  paper  money 
qa^atloD.  In  the  serly  part  of  the  week,  hefoiw  tha  nmilt  was 
knows,  there  was  a  dlapooitloa  to  aell  bonds,  aad  the  market  was 
supplied  so  freely  as  to  cause  a  decline  la  prices;  aabae>|a>>ntly, 
on  the  news  of  a  hard  ntoney  victory,  there  waa  a  decided  rliauKP 
In  tone  and  an  active  demand  for  h"-'-  ■^'■■-h  led  to  a  mad'rW 
rseov^ry  in  prieee.    Since  the  fimt  '  <h  there  hare  Imwd 

a  good  many  boada  sold  here  for  ml^. „.  „^nks  giving  up  tlirlr 

eucalatioa. 

As  It  Is  a  matter  of  much  Importance  to  ^Hilers  and  lartrn  liold- 
aiaofVovenimeBtseciirttlea  to  know  Just  what  classes  of  Utitds 
are  held  for  aeoo«Bt  of  the  banks  at  \Vaiihlni;tnn.  wf  hi\y  r.irtaln 
•A,  thnagh  the  eoaiteay  of  the  Comptroller  "f  ■nr\.  the 

tMomtaa  atatemeat  showing  the  anwat  and  k  'rsiatfa 

isglalarsJ  boeda  held  by  tbe  Uaited  fliaiea  Tro.iin-r  on  tli> 

day  of  October,  t>C.5.  to  secure  tbe  rsisaipUoo  of  the  elrculatlM 
aotea  of  national  banks:  ~ 

TMkof  Loaa.  " 

l^>"»If*^asfT8.18U 
I  ••  Sw>j  saa  Aogaat. 


y  bonds,  and  to  purchasers  for  investment  who  take  and  pay 
for  their  secaritles,  and  do  not  carry  theni  on  margins,  there 
hav9  apparently  been  good  cliances  for  buying.  There  are  a 
•■Aber  of  solvent  railroads  having  every  proep«t  of  a  continued 
boataeoa,  considerably  in  excess  of  their  reqatrements  lor  interest, 
wheaa  seearilies  are  selling  now  at  low  prioea,  in  sympathy  with 
the  deeUae  in  stocks.  It  Is  evident,  however,  that  the  muI 
•sparlonee  of  the  post  two  years  has  made  buyers  very  cautious 
on  all  elasera  of  railroad  securities. 

Dallr  elnxing  prices  nf  a  few  leading  bonds,  and  the  range 
siaoa  /aaoary  i,  have  been  as  follows: 


iTaaa. 


KTl „ 
l(.Car.,al4.... 
lill.Car..a*«.., 
la  Tlrs.,  coaaottd 
do       adwnaa. 

«ia.c  ,J.aj 
iafi 


•a 
••»H 


.  kmgkoaSs   Ml 


n.T  aaiiiMK 

0.raa.,s">4  4i... 

Oa  ra<.,i«t4a... 
So  L'e  Ur'tia 
«•>       S.  r.la. 

arte  let  M.  la.... 

1.  J.  Can.  let  7s. 

rt  Wnse  Istla. 

era  iTw.  gold  :i 


•111 

•4 


•It 
•»1« 


101 1< 

mi 


•If     ••» 

•»     •• 

ISIM  IMM 
•II*  •IWK 
WH    Mil 

m     mi 

•WK      99)4 

mn    Mi{ 

■IiHM  *>MH 
'III  •IIPH 
•l:»H  •t:lH 

i«»    •uas 

Hit     UH 


It 

•» 

W( 

•WIH 

•117 

Milt 

K»K 

IS< 

MM 

•fH 

•«K 

MH 

••X 

•!»«S4 

no 

•111 

inii 

•IMH 

II  «H 

•l«t» 

M.S 

W 

5  Mcb.  r 
II  Jaa*  a 
■6M  Jan.  » 
»     Mcli.  V 

NK  J*a. 
IIIK  .Inn 

ni.  I«i. 

*)     Jm 

K     .Un. 

SVk  Imi 
I0<      .Mar 

10*9  Jan, 
lie     Jan, 


lllgbeet 

M  Jan. 
11  Jaa. 
SIX  Apr. 
«»  t»ei. 
S>     tlsfi. 


A  IT. 

7114     June  90 
9,tli(«  June  S 


71    JiueUt  UK  Aug.  4 


AalbarlatacAcl.  laiaraal. 


.  ___-iur.-. 

•tmtomy 

Marcbl.1884 
jBaa,iat4.... 


(IW) rebnufvLian 8 

muiMD.jaiynAZar.  I1W...8 

.TetwiiarytCUM C  .  . 

-llarcbt,!!* a..... 

.¥arcb8,laa4 8,,.., 

Jane 80  1194 t.  ... 

.MarchiiaM ..1... 

.. March  i,,iMk ...,.*:;: 

..Marcb)l,UM. *.  .. 

..  _■?     ,mm....^...^.. Manb8,18iB e 

V.  ■..Beads  ISiSiti  Pae  KK.  Co..  July  I  "ai*  ialy  t,  -SI  «  mr. 

Tn-forttaaa*  ISM... Marrfc  a.  1M4.  '  ^         j, 

Psadad  Isaa  af  IHl -Jalyll,*!**  Jaa.81k-11.6.... 


Total. 


.  rT7i..iin  IM 


•ThlslstkeBnc«bld.aasal«vaaaadaaitba  Board. 

■alibied  and  mseeilaneons  m«>cks. — Tlie  stock  market 
has  Iveii  Irregular,  but  closes,  upon  the  wholp,  with  a  decided 
recovery  from  the  ••xtreine  dnpreeslon  of  the  latter  part  of  last 
week  and  the  early  part  of  this.  The  effect  nf  the  decline  in 
certain  "  siierialtiea  has  worked  Its  effect,  and  as  a  pretty  large 
amoant  of  stork  has  been  disposed  of  at  the  lower  range  of 
prices,  the  tendency  has  latterly  been  towards  recovery.  There 
baa  lieen  110  dctail>^  account  made  public  of  the  financial  affairs 
of  the  Atlnntii:  and  Pacific  Railroad  or  the  Missouri  Pacific,  and 
the  dirklead  declared  on  the  latter  rtock  is  not  to  be  paid  ;  a 
eommittee  of  stockholders  has  been  appointed  to  invostigaln 
matter*.  The  annual  report  of  the  Weiitem  I'nion  Telefrraph 
llhoaa  net  earnings  for  the  year  ending  Judo  SO,  IHT.'i,  of 
tn.230.1.~ia,  which  gives  a  surplus  of  $103,471  above  all  charges, 
-  iotermt  and  8  per  cent  dividends  on  stock.  Since  the 
rf  dir>'ct4fT«  of  Ohio  k  Miraissipiii  Railroad  at  t'ln- 
nmisii  tliin  week.  Meiwrs.  (jarrett  and  Kio^r.  of  the  llaUliiinre  Jtc 
Ohio  liailrtuil,  are  in  the  Hoanl,  and  tlii'w  K''»tI<'<»eo  and  Mr.  .1. 
P.  Morgan,  of  Drexel,  Morgan  k  Co.,  an'  on  ili<-  finance coiuuiltt«-n 
in  New  York.  Central  of  New  Jersey  line  regniniKl  about  8  I>er 
cent  of    its   previous  decline.     liailroad    Baruinga  am   reiiurlod 


.  368 


THE  CHRONICLR 


[October  16,  1876' 


on  another  pace  bo  far  as  the  companies  have  furnished  their 
returns  for  the  month  of  September.  At  the  close  today  tlie 
general  market  was  strong,  and  prices,  as  a  rule,  near  the  high- 
est of  the  day. 

For  the  purpose  of  showing  the  total    transactions  of  the  week 
in  the  leadiuK  stocks,  we  have  compiled  the  table  following : 


Pacific      Lake    Weet'n  Chic.  Si 


Union    Ohio  & 


Oct.      9 Sfi.800  64,100 

"      11 83,B00  4,1,100 

•'      13 89,800  3J,8\X) 

•'      3S 15.800  88,4U0 

"      14. 7.4(10  -il.TllO 

"      15 7,600  <M00 


Mall.       Shore.   0nlon.  N'weat.  Brie.  Pacific.    Miss.    Wab, 


a-J.lOO  81,800 

32,600  3-J,500 

19,900  2«,900 

t6,400  31,200 

.39.300  11.100 


6,300  6,800 

3,900  13,  SCO 

4,300  8,200 

500  6,100 

3.800  900 


16,300      4,700    U,3J0      1,:00 


f.SflO 
S.TOO 
4,800 
8,000 
8.400 
9,900 


1,-200 
900 

1.100 
2U0 

2[i6o 


Total 1S8,!KK)    1W,500    196,500  186,700    3.3,100    81,700      30,100      .'i.SOO 

Whole  stock.  ..200,000    494,665    837,856  149,930  780,C00  367,450    200,000  150,000 

The  last  line  in  the  preceding  table  shows  the  total  number  of 
shares  of  each  of  the  stocks,  now  outstanding,  so  that  it  may  be 
seen  at  a  glance  what  proportion  of  the  whole  stock  has  been 
turned  over  in  the  week. 

The  daily  highest  and  lowest  prices  have  been  as  follows: 


H.y.Cen.AB.B. 

Harlem 

Krle 

Lake  Shore.... 

Wabaib 

Kortbwett 

do      pref. 
Uock  Island... 

lit.  Paul 

do  nref.... 
iit.&  Pac.pref. 
Ohio  &  Mua... 
Centra]  o:  N.J. 
Del.,L.&  West 
Han.  A  St.  JOB. 
Union  Pacific. 
Col.Clilc.&I.C. 

Panama 

West,  Un.  Tel. 
At.  &  Pac.  Tel. 
QulckallTer. ... 
do  pref. 
Pacific  Mali.... 
Adams  Exp  ... 
American  Ex.. 
United  States.. 
Welle,  Fargo.. 


batnrday, 
Oct.  ». 
•M    102X 

131      131 

83H  s;h 

48  51M 
lOlK  10^  V 
29H  33X 
5SX  6  K 
6>4     5X 

:5     n% 

KOX  103  u 

ii8«  mn 

U       16  m 
6iii    63H 

3X    ax 

ISO     130     I 
1S«    75 

13H  nx 

16       16 
:0X    20X 
S4X    S6H 

ini    100 

58       SS 
44X    44J< 
19X    T9X 


Monday, 
Oct.  11. 
Win  :03 
131    :3i 
16V  nx 
s-'X  ss\ 
SH    ^X 
SIX    36 
4-lX    50 
iO-i     10S« 

<U  62X 
5M     6 

15  15  V 

lOJX  'MX 

117  118 

I6V  UX 

63X  6S 
•SX     4 

127  .... 

74  N  75X 

•16H     .... 

16X  I6X 

21X  21X 

31V  36X 

99)i  KH 

67  57 

43V  43X 

78V  T>X 


Oct. 

12.  ■ 

102V  IDS 

• 

Ut 

17 

17X 

53H 

54)4 

!>% 

6 

85X 

86« 

4i(X 

60V 

103 

11I3« 

H2 

:« 

61 S 

6.!V 

SS 

5« 

15X 

164i 

103K  104  H 

118t« 

IISX 

17X 

18 

67 

69 

8X 

8K 

127 

74  « 

75K 

nx 

17H 

16X 

16V 

86 

.t; 

mx 

sax 

57 

51 

44H 

44X 

Wednesday, 
Oct.  18. 
102V  loav 

•-...132  ' 
16X  16X 
62V  53X 
5V  SX 
SIX  SSX 
48       49X 

102V  103 
SIX    S2X 
61       61 
5X      6V 
15X    15X 

102  V  1  MX 

118     US), 

16X  nx 

66  67 

•3X  SX 

•127  ....  • 

;3V  75 

17X  17X 

•16>I  nx 

21S    21 X 
S5X    36X 

lOO     100      ' 
56       56 

•W       .... 

•7SX    .... 


Thursday, 
Oct.  14. 
liux  103 
181      ....  ' 

I6X    I6X 

63       5SV 

"5X     6 

S4X   S3X 

49  49X 
102X  :os 

32       S2X 

61V   62s 
6X     6X 

15V    16X 
102V  103 
118X1  i8X 

i;       17X 

66V    <>7 

•3H  .... 
128       ....  > 

74       75 

17V    18 

UX    17 
•21       22X 

K%  86X 
lOOx  101 

55X  55X 
•4SX  41X 
•78X    .... 


Friday 
Oct.  15. 

•....  lOiX 

■131      1S2 
15V    16.S 
53X    SIX 
5X      5X 
.'i4X    S5X 

'i^H    .... 

103  103X 
Six  S2< 
6'.V  62X 
6  6X 
1«X    17 

103V  104X 

118X  11»X 
r.X    18 
t6X   67X 
SX     8« 

128     137 
74X    74  V 


18 

ISV 

23 


18 
18V 
83)t 
S6X 
101 X  101 X 
55X  65  V 
4IX  ■I4X 
76X    78x 


•This  Is  the  price  bid  and  asked:  no  saK  was  made  at  the  Board. 
The  entire  range  from  Jan.  1,  1874,  to  this  date,  was  as  follows: 


N.  Y.  Cen.  «  Und.  R 

Harlem 

Brie 

Lake  Shore 

Wabash 

Northwest 

do        pref 

Rock  Island 

81.  Paul  

do       pref 

Atlantic  &  Pacific  pref. 
Ohio  &  MiBsieslppi.... 
Central  of  New  Jersey . 
Del.,  Lack.  &  Western 

Hannibal  <fe  St.  Jo 

Union  Pacific 

Col.,  Chic.  &  LC 

Panama 

Western  Union  Tel 

Atlantic  &  Pacific  Tel.. 

Quicksilver    

do        pref 

PaciflcMail 

Adams  Express 

American  Express 

United  States  Express. 
Wells,  Fargo  &  Co 


»— Jan.  1, 
Lowest. 
.100     May 
127)f  Jan. 

12i^June 

tlX  Sept. 
4%  June 

33%  Oct. 

46     Oct. 
100>i  May 

28)i  June 

61     Mch. 
6X  Oct. 

Ua  Sept. 
.  99X  Oct. 
.10B>^  Jan. 
,  15%  Oct. 
,  36  Jan. 
,  8  June 
llOX  Jan. 
,  70X  Feb. 
.  !7>i  Oct. 
,13     May 

20     July 

30Ji  Feb. 

98     Jan. 

50     June 

4l>i  Aug. 

71     Aug. 


187S,  to  date ,., Whole  year  1874. , 

Highest.  Lowest.  Highest. 

107Ji  May  8  95%  May  19  105X  Mch.  11 
1.38  Apr.  27  118Ji  Jan.  7  184X  Feb.  18 
35)^  Mch.  29  26  Dec.  10  61i^  Jan.  15 
80)i  Jan.  2  67Ji  June  19  84J4  Jan.  16 
JlJiJan.  2  18Ji  Dec.  29  55"^  Jan.  16 
48X  Jan.  4  345i  July  15  621^  Jan.  9 
62JiJan.  2  51  Sept.  10  78X  Feb.  9 
lOUJi  Aug.  19  92X  June  19  109^  Feb.  9 
40X  Apr.  9  313^  May  18  49X  Jan.  10 
65K  Aug.  23  48  May  5  74J4  Feb.  9 
18  Apr.  30  lOJf  Sept.  8  22  Feb.  16 
32Ji  Jan.  2  i'.%  June  17  36  Jan.  10 
120  Apr.  27  98  Jan.  3  109X  Feb.  10 
123  Apr.  27  99  Jan.  2i;2)iFeb.  10 
3Dli  Mch.  29  22X  Sept.  7  34iX  Jan.  12 
18  7SX  June  1  23  June  17  38X  Mch.  30 
18  9XJan.  14  8  Sept.  3  3a«  Mch.  30 
21  172  Apr.  26  101  Apr.  20  118  Jan.  9 
17  84J<  Aug.  17  68  Apr.  24  83X  Dec.  10 
6  29>iJan.  16  14  Aug.  25  20  Nov.  7 
14  35  Jan.  6  223i  Apr.  28  36X  Nov.  24 
16   44     Jan.    7   29     June  29    48     Nov.  27 

10  45J<  Apr.    3   33Ji  Dec.  21    51^  Sept.  .30 
2  lOlx  Mch.  23   92X  Jan.  18  120     Nov.  13 

25   65     Jan.  16   58><  Jan.     8    65><  Dec.    1 

11  65     Jan.  11    60     Sept.  88   73     Feb.    9 


281  92X  Apr.  30 


69>^  Jan.     6|  84     Nov.  30 


The  Gold  Marliet— The  course  of  gold  has  been  much  the 
same  this  week  as  for  several  weeks  past.  The  price  and  high 
loaning  rates  have  been  maintained  by  the  scarcity  of  cash  gold 
available  for  market  purposes,  and  the  temporary  decline  which 
took  place  on  the  news  of  the  Ohio  electioQ  soon  gave  way  to 
another  advance  under  the  direct  pressure  on  the  market — showing 
how  completely  the  price  is  controlled  by  the  immediate  ia- 
flueaces  now  exercised.  At  the  Treasury  sale  of  $1,000,000  on 
Thursday  the  total  bids  amounted  to  $3,552,500,  and  all  but 
$10,000  was  taken  by  one  firm  at  116  55.  On  gold  loans  the 
rates  have  ruled  during  most  of  tbe  week  from  1-64  to  |  per 
cent  per  diem  for  borrowing,  and  to-day  the  range  was  as  follows: 
3-32,  1-10,  5-64,  7-64,  5-32  aud  1-32  per  diem.  The  price  closed 
at  117,  which  was  the  highest  of  the  day.  Customs  receipts  of 
the  week  were  $2,151,000. 

The  following  table  will  show  the  course  of  gold  and  opera- 
tions of  the  Gold  Exchange  Bank  each  day  oi  the  past  week  : 


Satarday,  Oct.    9. 
K  )nday, 
Tuesday, 
Wednesday, 
Thursday,     ' 
Friday,  ' 


11. 
12 
13 
14. 
15 


. Quotations , 

Open-  Low-  High-  Clos- 
ing, est.  est.  log. 
..l\6)i  116J<  UOJi  116>f 
..116X  U5X  116H  116>f 
..116X  116  116«  116 
..115J4  116X  llUX  116« 
..116X  116%  11«J<  116H 
..116'/,  llB>i  117       117 


Total    , —  -Balances. , 

Clearings.       Gold.    Currency. 
$44,815,000  $1,171,229  $1,767,217 


31, .573,000 
25,947,000 
31,175.000 
54,970,000 
58,034,000 


852,636 
1,006,285 
l,4i7,016 
l,14ti,167 
1.471,506 


1.0:t7.165 
1,185,527 
2,172,974 
2,020,9.i8 
1,811.681 


$ $ 

1,019,950     1,196,451 


Carrentweek 116X115^117      117     $254,51:1,000 

Previous  week 116J<  I16>,'  117X  I18)i    263,180.000 

Jfin.l, 1875,  todate...ll2>J  lUX  inn  117 

The  following  are  the  quotations  in  gold  for  foreign  and  Ameri- 
can coin : 


Soverelins 

NanolttonB.. 

X  X  Reiclimarks 

X  guilders 

Pine  silver  bars.. 

Fine  (fold  bars 

Dimes  and  half  dimes. 


...  $t  80  ®tl  '5 
...  3  85  (a  8  93 
...  4  7J  @  4  8) 
. . .  3  9]  ft  4  05 
1  21X®    1  22X 


par®X  P'in. 
...  -ft  ®-90 


Five 'rancs —91    ®  —  95 

F.  anc8 —  18X®  —  19 

English  silver 4  8U    ®    4  85 

Pru-tsian  paper  thalers..  —  70   ®  —  72 
Prus!^lan  silver  thalers..  —  70    @  —  71X 
TradeDoUars -  4«   ®  —  98 


Foreign  KjceUiage. — There  has  been  a  moderate  business  in 
foreign  exchange  during  the  week,  but  at  the  close  rates  were 
demoralized  by  the  pressure  in  gold  loans,  and  actual  business 
was  reported  as  low  as  4.77  for  bankers'  60  days  sterling  and  4.81 
for  demand,  while  commercial  bills  were  sold  much  lower. 
Loading  drawers  reduced  their  asking  prices  to  4.78  and  4.8Si. 
The  sliipmonts  of  produce  being  on  the  increase  at  this  season,  a 
larger  supply  of  commercial  bills  is  soon  expected  on  the  market. 
The  tone  was  weak  at  the  close. 

Quotations  are  as  follows: 

, Oct.  IB. -, 

60  days.  3  days. 

Prime  bankers' Bterilng 4.77    ^4.78  4.82    @4.S8X 

Good  bankers' and  prime  com'l 4.76    ©4.77  4.81    ©4.82 

Good  commercial 4.75    (34.76  4.80    ©4.81 

Documentary  commercial 4.73>i®4  74X  <-79    @4.80 

Pari8(franc8) 5.23X'»5.25  6.24>fra6.81Jf 

Antwerp  (francs) 8.28Ka6  25  6.24Jia5.21Ji 

Swiss  (francs) 5.S8X05.25  5.24,'i!a5.4I)i 

Amsterdam  (guiiders) 89)4©    89X  4fX»    «V 

Hamburg  (reichniarks) 93X©    93K  94^8    943< 

Frankfort  (relchmarkg) 93X©    »3Si  94)4©    94^ 

Bremen  (relchmarks) 93Ji©    93K  84X9    94J< 

Prnsslail  (reichmarks) 93>iO    93X  94^©    «4« 

The  transactions  for  the  week  at  the  Custom  House  and  Sub- 
Treasury  have  been  as  foUowg: 

Cnstom   , Snb-Treasnry. — \ 

House     , Receipts. ,  , Payments. , 

Receipts.  Gold.          Cntrency.            Gold.           Currency. 

Oct.      9 $281,000  $772,419  58  $1,5.33,1»3  70     $169.585  38      $883.318  14 

•'      11 508.000  649,S.)1  73        591,184  59           55.665  52      1.206.477  91 

"      IS 399,000  610.169  42        948,196  18          60,967  73        6.34.7.38  02 

"      13 256,000  750,928  18        751802  88         876,92112         973,126  64 

"      14 292,000  1,698,605  60        445,04;)  33        126,919  64     2,016.400  48 

"      15 411,000  511,574  19     1,673.443  56     1,70J,16I  95        811,517  81 


Total $2,151,000 

Balance.  Oct.  8 

Balance.  Oct.  15 


4,993,548  70  5,913,860  24 
87,295,585  41  54,680,299  40 
39.298,912  62  53,927,686  71 


2,990,221  49     6,645,573  03 


New  York  City  Banks. — The  following  statement  show* 
the  condition  of  the  Associated  Banks  of  New  York  City  for  the 
Week  ending  at  the  commencement  of  business  on  Oct.  9, 1875: 


-AVXBAex  AHOtTKT  OF- 


Burxa. 

New  rork 

UanhattanCo 

Uerchants' 

Uechanlcs' 

Qnlon 

America 

Phosull 

City ... 

Tradesmen's 

?Dlton 

(Ihenilcal 

Herchants'  Excb'ee. 
Oallatln,  National. . 
Butchers'&Drovers' 
Uechanlcs&Traders 

flreenwlch 

Leather  Manuf 

Seventh  Ward 

State  of  N.  York..  . 
American  Exch'ge. 

Commerce 

Broadway 

Mercantile 

Pacific 

Republic 

Chatham 

People's 

North  America 

Banover  

Irving 

Metropolitan 

Cltlxens 

Nassau 

Market 

3t.  Nicholas 

Shoe  aud  Lt^ather.. 

Com  Exchange 

Continental 

Oriental 

Marine 

Importers'A  Trad'rs 

Park 

Mech.  Bank'gAsao. 

arocers' 

North  River 

EMt  River 

Manofact'rs'A  Mer. 

Ponrth  National 

Central  National... 

Second  National 

Ninth  National.  ... 

First  National 

rhlrd  National 

N.T.Natlonal  Gxch. 

Tenth  National 

Bowery  National  .. 
New  York  Co.  Nat. 
Qerman  American. 
Dry  Goods 


Loans  and 
Capital.   Discounts.    Specie. 


Legal 
Tenders. 


(8,000,000 

2,050.00C 

3,000,000 

2,000,000 

1,500,000 

3,000,000 

1,800,000 

1,009,000 

1,000.000 

600,000 

300,000 

1,000.000 

1,500,000 

800,000 

60(1,000 

200,000 

600,000 

800,000 

2,000,000 

5,000,000 

10,000,000 

1,000,000 

1,000,000 

422.700 

2,000,000 

450,000 

412,500 

1.000,000 

1.000,000 

5(0,000 

1,OOC,COO 

eoc.oco 

1,000,000 

1,000,000 

1,0(10,000 

1,000,000 

1,000,000 

1,500,000 

300,000 

400,000 

1,500.000 

2,000,000 

500,000 

300.000 

:,( 100,000 

350,000 

300.000 
5,000,000 
2,000,000 

300,000 
l,50(i,(CC 

500,100 
1,000,00(1 

500,000 
1,000,000 

250,000 

20(1,000 
1,000,000 
1,0011.000 


$9,539,000   (1,197,000   ll,231',500 
5.2SI,800        288,800      2,148,7i« 

228,710 

184,600 
.82,700 
483.8. 0 
127,600 
393.500 
167.700 

77,100 
112,000 

14,500 
145,600 

33,000 

9,000 


9,978,900 
7,511,800 
4.959,300 
9,622,100 
3,920,100 
5,f87,W0 
8,48 1.100 
1,4.S5,S00 
8.176,700 
3,290,900 
S,9J4,400 
2J61.(00 
1. 1137,200 
1,069,300 
3,256,200 
l,'!41.li00 
4,4a,000 
13,307,100 
20,269,700 
.1,62^,300 
4,(97,300 
2.0:6,100 
4,321,800 
3,155,700 
1,4;3,1|« 
2.-'93,OoO 
S.«6,70O 
2.410,000 
13.SS6.Ooo 
1.457.U10 
2,8U.I00 
2.338.900 
2,45S,300 
4,690,700 
2,:63.20C 
4,302,100 
l,!S46,l\0 
2,327.500 
16,261,1.00 
l:l,510,'iOO 
1,119.700 
Vl9,OoO 
990,800 
980,9ro 
667,100 
lis,:  25,700 
7442,000 
l|675,O00 
6!'2i,5O0 
5,753.200 
5,49J,4(D 
l,45i,:(0 
2.103.400 
1,334.01 0 
1.271,000 
3.42i,40O 
2,027.000 


133,400 
13,600 
66,800 

419,000 

S24,S00 
28,300 
72,6C0 
9,700 

559,200 
67.600 
400 
63.900 
49.200 
10.000 

227,000 
27,400 
27,500 
29,400 
64,010 
21,400 
39.800 
29,600 
4.<'00 
S6,90O 

183,600 

1  ".4,400 
2;,5O0 
4,100 
16,800 
2.li00 
2,000 

122,400 
16,1:00 

49'.7l'6 
831,300 
113,310 
5,300 
13,400 
2,100 

92,466 
1,400 


2,627  600 

1,067.300 

777,000 

3,002.600 

839,>.00 

876,000 

285,500 

769.400 

2,474,0(0 

634.100 

47S,600 

So5,l)00 

282,'mO 

106,400 

6e5,:00 

2S3.800 

l,S69.tOO 

l.t83,l>00 

3,252,700 

956.400 

1,161.800 

451,400 

9>o,aoo 

8;t  1,300 

159.300 

661.000 

590.000 

406,000 

2,196.000 

365,100 

169,400 

429,a;0 

2:9,200 

753.010 

718,1X0 

785,000 

:9S,200 

4:16,600 

8,V9i,000 

3,S77,:00 

21  ■.700 

143,300 

141,500 

146.800 

12i,700 

4,00. .000 

l,;)56  0O0 

33.'',000 

1,403,500 

l.;«7,2  0 

2  737.400 

2i5,5U0 

3:53,4*' 

2'2 1,000 

816,(10 

738,000 

351,800 


Net 
Deposits. 

(8,521,500 
5,582.100 
S,T26.100 
5.5:3,200 
3,482,600 
8.480,700 
3,f'.->9,5lO 
4,614,400 
1,S69,:00 
1,216,100 
7,752,4(0 
2,7OO,4'.i0 
2,112.900 
1,5(2.000 
l,l«3,l(X) 
881.000 
2,8.14.700 
1.014.600 
3.223.(00 
9,295,1'(0 
9.301,900 

s.ses.soo 

3.953,300 

1,793,000 

3,159,700 

3,2-l8,»(  0 

1,121,700 

2,716,700 

2,697,900 

2,250.000 

9,527,000 

l,5r.l.500 

2,108,100 

1,7*2,700 

9SS,sO0 

3.491.71 0 

1,715.700 

3.452.1(0 

1,129.900 

2.218.500 

17,217,000 

15,827,000 

S66.9O0 

639.700 

802.'  00 

601.100 

554.B(C 

12.265.400 

6,867.000 

1,484,100 

5,114,800 

6,20. .200 

7,172,50() 

961,100 

953.S00 

S^.SOO 

1,042.400 

3.414,200 

1,673,300 


Circula- 
tion. 

ts.co" 

9.500 
458.500 
268,200 

■l',2('0 
SS6,100 


417,«0O 
42I.0C0 

ro.iioo 

191,700 

2,700 

251,700 

94.600 

S;5.8('0 

412,000 

1.840.600 

888,400 

225,0C0 


(50.000 

272.900 

5,500 

290.300 
126,1.00 
42),0U0 
129,2(0 

3,»C0 
191,910 
742.8(0 
729,500 

4.H'0 
439.500 

4.0(10 
195,700 
49S,6C<1 

301,600 


17J,400 

2,069i6(6 
1,322.(100 
135,0(0 
618,400 
45,000 
49.400 
268/J('0 
8:5,9(iO 
222.000 
180,000 


Total. 


....  (31.CS!,200  (232,173,600    16,701,5(0  160,356,500  1230,156,100  (17,55 WC9 

The  deviations  from  the  returns  of  the  previous  week  are  as 
follows : 


Loans 

Specie.  .    

Legal  Tenders.. 


...Inc.  (8.53;,»T0 1  Net  Deposits, 
..Inc.  212.600  Circulation... 
.Dec.     6,133,9*1 


...Dec.  (4,247,500 
..JDec.  73.400 


The  following  are  the  totals  for  a  series  of  weeks  past : 


Ju'y  17. 
.July  24. 
.Inly  81. 
Augnst 
August 

Aiigiot 

Augnst 

Sapt. «.. 
S.pMl. 
.•siiPt.  '8. 
S<.'pt.i)>. 
Ooi.  J^. 
Oct.    ». 


Loans. 

279.553.800 
277J49,200 
273.9(17,700 
2-^0,431.300 
283.541,900 
282,961,200 
282,336,900 
212,331,300 
283,443,200 
282.071  .MX! 
211,616,200 
'.179,841.300 

282,178,600 


Specie. 

16.964.900 

17.519.200 

15.73J.-200 

16.331,100 

13,442.100 

12,335,700 

12,043.100 

10,210,300 

9,37s,;00 

7,.3K6.500 

>   7,-269,200 

6,448.9U0 

6,i0l,SO0 


Legal 
Tenders. 
73.735..300 
75.l'15J0O 
75,S11  too 
73.601,300 
70.;2ii.i00 
70.39(1,700 
70,308,700 
70,6116,3(10 
69,185.200 
67.93S.000 
67,321,900 
66,41)0,600 
60,396,800 


Denoslts. 

250.826.600 
252.1 28.6(« 
251,066.100 
231.461.8(0 
248.";i3  2r0 
216,176,800 
246.«i6,7ll0 
243.;'"*.8J0  ' 
2 12. 60 1.-200 
-J3J.88).100 
239,439,400 
234,403,600 
230,156,100 


Clrcn- 
latlon. 
lf.8('l.60O 
18.n9i.lOO 
W.5, 6,100 
ltl.5!1.8Ja 
18.112.710 
H.-231.50J 
11.021.01 10 
18.12-i.400 
17.7.6.6011 
17.7il.-00 
n.934..100 
17.925.800 
17,692,400 


Aggregate 
Clearings 
335,945,74 
.■i6l.S04,?f9 
3!P2.74-..6iil 
361.930.427 
S03.-253.765 

sn.niMie 

,S»-2.43-5  .510 
389.912,661 
S52.7-2S.105 
41I.149.181 
405.863.3141 
3J5.151.909 
403,246,651 


October  16,  1875.] 


THE   CHEONICLE. 


367 


SostoB  Baaka. — B«Iow  we  ffiru  a  aMtement  of  the  Boato" 

National  Banki.u  retarned  to  the  Clearing  House  on  Monday* 

Oct.  11.1875: 

Bulu  Capital.       Loaaa.      Specie.  I..T.  Kotaa.  Depoalu. 

Xlaatie., tl—J-*    nj)a<.lN     .W.«»       Wkw*       tM.ios 

Atlaa. IjmM*      UNJM  M        IMM 

BanHWa l,aie;M«      UMM 

toatoiL. \jmjm     unjM 

~     ■  IXIJOO 


■oytatea 

•raa4vaT~ 

Caaual 

Oolaablaa 

OoaUaaaCal... 

nioi 

Bvaratt 

raaeallHall 

Preaisaa'a 

eioba 

UftmlltoB 

8a«ar4 

Manafactarafa  — ... 

Mu-aet 

Maaaaeboaatta 

Mararlek 

Mer'^aaaU' 

MacrapoJitao 

MoaeK  Varaoo 

Vav  Baxlaad 

Vortk 

OUBoatoa 

Bhawaai  

•boaALaathar 

Btala           ...  . 
iafJik 

?ra4ar«* 
raaont 

WaablaatoB 

rtr»« 

Baeoad  (Sraalla>... 

Tiilri 

Foartb  ...  

Itaaa  orcemBaraa. 
•aak  of  K.  Aaarlea 
■'k  of  Badamacioa. 
Baakof  Hapablie... 

Ooaaaawaaltb 

Olty..,.— . 

Ba«la 


MN      lauw 


1.000JIK16 
ijaoojxo 
ij 


sujim 

!.!•  1.100 

t.ouu> 

tJM.UO 

tJWJM 

11*  — 


t.'BUM 
UIMII 


IJW 


S,000 

t.ooo 
ijxi 


loijgM 

MjIM 

MJ<oe 

ttJM 


TIMOO 


Clrcnl. 

•ie6,««i0 
tsi.4ai 
mn,am 
stt.nc 


N.«H 
MJN 
UUM 
««,<MI 


SKJM 

••Mee 

IJtMM 
ll«,l<M 

m>fe» 

IS 


IHJUO 

Mo.oai 

«4.«0 

'HB.KK 
WtJW 
SUAM 


uiajno 
uisjiii 


uoajMi 


I 

I-  -. 

i.aMjgp*  insjN 

I.NMN  *.MJM 

litiHii 

t.;:iiJM 

1JM.<« 

1.00DJIM  «.i<n.t~ 

I.HO.0M  


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««o 
uun 
(Rjn 
actM 
III — 


uncvM 
ijanjna 

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IMJM 

tMijaa 

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i.aiMM 


1.NOJM 


liJW 
1*101 

luoi  isuN  iji:jM 

•JM  MUM  l«IM» 

tm  Ifi^H  UBUH 

jMw  yjn  HMw 

AM  Mt.M  MJM 


4»Jlm 

Ml.'« 

iMJcgj 
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MUpW 
•  UK 


fjOMjMi 


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4.iii.n 
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li7.«M 
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^t.«n) 
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m.««e 
iiMw 
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Bxehaaaa. 

!|l4a*S« 
■avara  .... 
•aa«i1tr». 

Uatoa 

Vabatar.... 

roui.. «ajsijM  tm»\m   tmi.m  ii.ra«B  hvmoju  ^tiiju 

Thalolal  a«o»at-«aaieot>af  — a«a."aapTal«U«iaatot  Oct.  It.  la  tit.lrtl.M' 
The  doTiatlona  from  Ian  week's  retorai  are  aa  lollowe : 

U>aBa Inimiii.     MLim  i  Oapoalu Jaaraaia.     at.ve 

••aela.  lacraaaa.     n«e   ClreaiaUoa -Oaaraaaa.       Tijm 

al  Taa4*r* ...Daaraaaa.     mjOBl 


»»c  » iii.ioi.r«o       '**jPB 
.  *<.n u>.>ijm        auBo        ijf;.MD 


Oat  4 
0««.  11. 


Dooojlla.  UnaUttaa- 


M:.ia) 
l-4,m 


lo.Miei 

M'-MOe 


The  (olio  wlag  are  the  total*  for  a  seriee  of  weeka  paat 

LaawTaafenu 

■jii^iM 

nklla4elpkla  Baaka. — The  followlDg  la  toe  arerafe 
Otion  of  tha  PhlladelpUia  NaUooa]  Banks  (or  the  week  prwed 
Ing  Mondajr,  Oct.  11.  1875:  Total  aai 

aaaai  ~  -  .       _         .      . 

^Ilaaaliaia 

farMnaafI  Maak.  M9M     M:«.«*      IMli       LaUM       IKSJtl      l«».ni< 

»10..i.. 


WSH' 

■aak  W.  U 


ak  W.  Lttanla*. 

BjaUwark 

K'aaiaxtoa 

P>BB 

Waatara 

Maaafaetarara'.,, 
■aak  of  Coaaarea 

Blrard 

a^. 


tt,ua.'Oj 


tilMt, 
JtSKC 
M.'.ru 

aij><. 


avaallk.... 

Qora  Bzelwaffa.... 

ualoB 

Hr»« „... 

TWra 

Hkik . 

•anau 

■aktt 

Oaatral.... 

iaakar  Raeaiiie.. 
aaaantr 

Total »t*jmjm  ta-mitm  t^itfiii 

Taedarlatioaa from theretamsolprenoaawaak are  aa  (ollowa 
J*!!S; -I5»-  inHJlgy*"**" oar 

•PM.ia^...    .    ........  "  *  " 

l««*«i  TaaSar  M-Maa. 


iHJBiw  M.num  ni.M.x 


.laa.  snuM 
Oac.     r..m 

laa.    IU.«MI 

The  followtng  are  tha  touts  for  a  aerie*  of  week*  past : 
P*l*-  l<oant^  apaei*.   LcxaiTanaar.     Oasoaila.  Oifealatixr 

iSiS  iVEi'S  MM"?  u.i-«jn 
}SiS  M9S  jMs^  ii.iB.oi 
mm      IfrSrtS      ^&j&       »J*>.<» 


.     Oaja.  l.oant. 

saiit.!i;i.'.'*.v.U'.  SSsmm 

Oei  4  ..._ SjmSM 

Oct.  II aCnuai 


IPiTiTmii  n  utnn.  piil»klpiu  hb  triii  citim 


■aaT«ii. 

» _ 

■a«  Haaaaklra.Si 

TaraoBtia..... 

*  8oi2r 

•srftarr^.v.v 

Uileaeoiawanaa  l^.. 
_    4o      MaaMval  lb.. 


So 


ffV^* 


paoMa  a  AFasrlb 

toMoa  *  Mala*  to.^.._. 
farfBftoa*  Me.  yaoHEl  tW4 
i»         So  ir<b.  te. 

Ia3?cia.  *  La). X'lMb^ 
TaratOra-lat  M„eoaa.,Y,W 

_     So       **»OTt..f.H»l.. 

Taraaat  *  Oaa..  aow.  la 


^oBB«ci«cai  taww 

»aaae«leat  *  Paiaaapals.  mi. 

laauratMaM) ^.... 

(aalara rjla«  aaapakirs) .... 

riiebharv    

:  <*ixh»»tmt  a  Laoiaaea.. 

Nubaaa  tovall. 

.   rtbars  ot  Br*  Baapsktra. . 

.rwiek»  Wanaatar 

.  <  'laaa.  a  U  Ckaaplala 

oisoSW..    ••     '"••• 

foft-aaae* 

■■tIaMa 


«.«, 


raraoat  a  CaaaSa. 
lanaoBt  a  MaaMek 

a«aa 


« 

ItM 

lit' 
lii" 

5^ 

:» 


itx 

<r.% 

Ml 

;4 


lOSTON,    PU1I.&OBI.PHIA..  Bte.-Coatlmaed. 


aaovkima. 


PHILADELPHIA. 

■TATB  AVD  OITT  BOHDB, 

PaiuMTlTaBlafta,  coap , 

M  do    rea , 

So  It,  10-15,  Id..... 

do  do      U-a.  Id... 

miadalpbia  ia,  dd 

do  a,  new 

AllaehaaT  Coabtr  9a,  coup 

PuubaiBM _ 

do       a. 

do      ». 

Stw  Jaraar  SUta  M,  Kxeapla 

t'amdCBCoanty  a 

laiDdaaClty  4tf 

DiMa«are4> 

Hanabart  CUT  a 

BAnaoAD  aTooxa. 
CaaSae  a  Atlaotle 

do  do      piaf. 

Calawlaaa 

do       praf 

Se       aav  praf 

HiamA  WtUlamapart 

Bmin a  Wllllaniaport  praf.. 

iait  FBBBarlTaala 

Uoallasiioo  a  Broad  Top  .. 

do  do    prat. 

Lahaa  Valler 

LraStAariuu 

MiaebUl 

HMqaahOBlBc  Vallaj 

MofitatovB...  

NortkorB  Caotral 

Rortk  P'OBarUftna 

ua  Ceek  a  AllenbaBy  Btrar. 

PaBiwiranla...^ 

Pnlladalpbla  *  Bria 

Pniladelpbia  a  Keadloa. 


PhDaSalpfela  a  Tiantoa. 
PBM..  WUmlna.a  Ballli 
patai  If.  J.  Compaataa.. 


vadCkMiar 
rvlJaneT. 


cOBtoi.  prat.. 


QAVAL  OTOOaa. 

tafeWk  HaTUaUon 

iaSB^^. 

^^      so  <»rat.. 

a/i""""*  Bovsa. 

inMkiST  vai  1  i-ioi.  ;mi  . 

^      do      :•  B.  in..!  110 
'do     lackfBd.'M 
BalTMara  l>ata«ara.lal  m,*.' 
"(ij  do      Id  M.ta.-» 

S  do      M  If .  a.V 

riaiT-*-  ■— "  -   ■«... 

je  do      a.t»...., 

Se  seaort.a.'M._ 

0^  a  AUm.  IX  a,  }•.  a.  IM 
^^la  Id  doii.  laa... 
Uia.  a  BarlUcloe  Co.  a.  1]. 


taaa  In  m.  a.  1».l* 

-     -   -iMaiM 


91 

ii 

ITM 

4i 

4« 

is' 

40 

i 

II 

•>« 

!!'♦ 

s« 

N 
» 

n 

luh 
MM 
\tk 
»>• 
.10 

m'H 
I* 


lis 

uax 

10-.J4 


amikea^lVt  aJli.lwl  „. 

O  tewan  man. U.  ranoat. . .  :  Ij* 
SMtfeaa.tat  sort. ?•,*».        .ai 
B.a  W'aiapoii.  id  n. '••.'«   l*o 
do  do   S«,p«rB'  *o 

fcntobarf  ■•taort.a/^...  IIM 

ii.aD.  T.  i>taort.:>,*w .■ 

da      idaort.  :•.  •»„.    .M 
do      Ma.  eoBi.  U.>iS.    M 

laaaa  Alkoaa  «.1a.*W 'l(«H 

Jiaaioalataort.M. -H  .       ,iu< 
do      M      do         naxxj  i<n 

uaMTaUar.a.iMtL. im 

^S        do         So     IM.  IMI IMK 
aa      da        SO       la.  mm 
S       So  do  rac  l*.S 

UMaaakarlklli.iMMjT.  IIT7 
iMttam  Caairil.  1 1  ■i..a>.V 


«X 


•JK\. 


aaoDBiTiai. 


BALTinORB. 

IfUTland  a,  deience,  J.  a  J. 
do  a. exempt.  WSt.... 
do  l>,  INC.  qnartarlf. . 
do       5e,  QQarterly. 


Battlmora  I 
do 
do 
do 
do 
do 
do 
do 


a.iBEi, 


Juarterly. 
.  a  J. 


I<.  IMO.  qoarterl; 
,1-n.M.*  S..... 


a,Park.^ 


exempt.'n.M.a  S 

«a.lM0,J.aj 

«a.lWI,    do    

Nonolk  'Wafr.Se 

KAii.aoAn  erocKa.    Far. 

Bait,  a  Ohlo-SI' ck lOr 

do        Wash.  Brarch.  jit 
do      Parkerabnrs  Br.  S 

Northern  Central 90 

Weatera  Varyland 91 

rentraii  hlo 90 

Pltubnrah  A  ConoellaTllla.  & 

BAILROAD  )<OAD«. 

Bait. A  Ohio  to. '.'»',  J.  A  J.. 

•lo  a.  iB^S.  A.  A  O... 
M.W.Va..M  M-'cnar)-'!.  J.aj 
Ptttab.ACcncelTiT.  1S.V,  do 
Northern  Central  a.  18»,   do 

dn         a,  1IOI.A.AO. 

dn  a.gold.iaOD,  .1  A  J 
Cen.  Ohio  l>,  l.t  M..>f«0Jd.A8. 
w.  Md.  a,  m  M.,(p')io,j.«  J. 

do  lall4..UM.  J.a  J 

d'>        ij  u..  (mi-r.)  J.aj. 

do  MM.,  (pref.) 

do  l'M.(BT.bj  W.  o.)J.AJ 

do     a.  MM  ,  (ruar.)  J.A  J. 

Mar.a  C.n.7».F.<>  A..!8M... 

do  3d.M.A  N. 

do      a.ld.  J.  aj... 

nalOB  PR.,  int  (Bar..  J  A  J.. 

do       Canton  endoraed. 

ineo«u.>«Bort. 

nalttmora  Oaa,  eertlOcatoe. . . . 

Paoplal  6a< 

WAMRINaTO'V. 
Xiairftt  or  CblmtMa. 
1.  lBp.,ia.>.J.Aj.:m. 

do  ».P»! 

Market  Stock  bondi.  7a.  Utt.. 

Water  Slock  boada  '•.IWl.... 

7«.  IMS... 

raad.  Loaa  (Corr )  t.Ma.  im 

Watt  ttifton. 

IraarCen..  l^-iu,  IKI 

rut  rear  Bonda.  aa.  Itil. .  .^^. 
'aBn.I.oan  (rooa  )i  ff.  WR. 
rand.  Loan  (Lntl.Ca.g.lli't.. 
Oia.otSloeK  ;t^M)  a,  at  plea 
••  «iM»a.alplea 
Cbaa.  a  O.efk  r<')  a,  at  pleaa. 


Bid    Aak 


•09), 

tcs 


10->{ 

I'SK 

05!t 

1C.1 

u-s 

I'S 
103M 


:7Wi 
la 

7 

• 

I** 

:(B 
I(B 
lOi) 

iS" 

M 

M>t 
Id 

87 
US 

<«>, 
IM 
U« 

•Ml 

■:» 

•I 

*IM 
WS 


lOlh 

ir 
«„ 
iMk 


aenbora  P>ci8<  t  i-io^ia«. 
B.^ra-.^.._-^ajs...., 

ie         chatalM.  la 

tm  caa.  M.  >t,  IMS.. 

MS*akaAa.K.<-.a.l».-a   _ 

&SRrtt?airk^*i«  iS. 

riMirini'i  T — 

<M        (aa.B.  Ii:< 
_    __So  ' 

naa'SI^ 


(•a.  a.,  ref.. 
lal  a.a,-*r. 


IM 
roup  iOt 

\ni  vmy 


BHalatB.ia,-n... 
Id  a.  7a. -M...^, 
rklMalpfcU  a  llaadtea  a. « 
do  4o       74.  "M 

So  dab.  bonda,  M 

So  s*a.7a.e.  19*1 

3o  do   ray.!"! 

so        aaveoBT.WJM 
2oCo«lai.Caaj:?n-1 
Cla.ast.LiOaMla.'M. 
" "  •  V.  a  rotiar. '.;  I<S* 
nllaa  iBdiasa'a.lt 
latB..7«.  I«7.. 
It  a.  5a,  17. 

OB  7a.  UM.. 

..Jaaatia 

^ IV.  J.  oaa.  a.  U,  M. 

ranBaar.  1Mb. )a,'H.. ... 
WaMChaslar  ooaa. :•.**■.  .. 

~  lata.a.-M 

do   la. '.MI.... 
BH.a.  liM.... 

SO      do   arb-M 

Wnalas.a  Kaad.JatM.,7,l«n 
do  do  Id  Mort.ISM 

OAlfAL  BOinw 

DaMvare  Ulrlaloa  a. '71 

Lahisb  RaTlaaUea  a.  1t 

do  KB.  •»:.... 

do  T.  

do  eooT..  *M 

So  aOBT.,  (."M. 

do  told,  'n 

Mema.utM.t.im 

So     SdM.,  W* . 

So      boat  'M 

paaMriraaiaa.itiS 

iahajlklll  NaT.  I4t  n.to.17^ 
do  sd  B.,a.lM; 
do  m.  a.e..  'K.. 
do  a, Imp., 10.., 
do  a.  boat  A  ear.llia 
do  7a.baalA(ar,IliS 
do         Kflp 

fat«iBabaaaaa,  ".Mt 


a 

|M 

IgH 

IMM 
IM 


IMX 


3" 

7S 

iM 

3 

iro' 

71 

M 

M 

in' 


M 
KOk 
I'S 

!«■■ 

I<« 

IMH 

MK 

M 
H 


IMm 
14 


■Ml, 


liiii 

M 


M'.M 

im>i 


101 


II SH 

101 


MM 


Oeoeral  *tock,l«.  :mi . 

do  a,  at  plewBro 

■oBBtjr  uoek,  a,         do 
M'ika' et<>r1i,a,  dj 

Board  of  Pabllc  Worka— 

Con.  Oai<.Iap.a,in( 

r"0  WIS 

do  um 

So  IR7  .... 

do  int 

do  flarlea 

Cartllca'et.  Sever,  M.II7»-77. 
Waiar  I'ertlflralee.a.  I>ri... 
CINCINNATI. 

UlaalBaail  a 

do         H 

So         la 

So  7-loa.,..t.^j^.,.. 
ClaelBBatl  •oalh'o  BRR.Mi  ■ 
llaa.Vo.,Ublotp,o.<oB(bd> 
do  do  7p,c,.lto>7re 
do  do  l(bda,7a';j» 
ma. a  Cot. Bridie  •'ock.prri 
do  boada.lODff 
ClB.,BaB.a  D..Ut  M,.  I.  M... 
^o  do  ldM.,7.«... 
do         do      ldM..I,T7,,. 

ClB~  llaa.a  lad.7ijnar 

CIB. a  tadlana,  let  il..7..;^,. 

do         do    Id  M..7,ltn.. 

Colaa.,a  Z«Bla.m  il.,7,10. 

Oartoa  aMIcb.,  lit  M.,7   II.. 

do         do      JdM.,7,14.. 

do  do       SdM„7,-n.. 

do  To'do  dap.  bda.7, '•l-'»4 

OartOB  a  Waat..  IM  M..  IMT  , 

do        So      Ut  M,,  in.. 

40         do      UtM.,1,  UM 

lad.,Cta.aLar.,UtM..7„ 

do         (I.aC)latl/.,7,tl» 

- 'Sa uiani.l, tma .  .., 

a.  Bam.  A  Darton  (loek, . . 
.jlBBbuaXealaitoek  .... 
DartOD  aMieblcan  •tar.k .... 
do         ip  e.at'kanai 

UWaMlaalitoek 

LOI7iSVII.I.K. 

LealiTlllaa.'ntot? 

do        aj-Klo-M .„, 

do        Watai  a, 'nto'M,. 
do        Waur  Btoek  a,  tl 

do        Wbarra ^^. 

do       apeclat  tax  a  of  *M 

Jeff..  Had.  A  I,latM.(iaM>7. 11 

do  1*0    Jrt  M.,7,.. .,.,.... 

do         do   IM  M.,7.1i0l.... 

LobUT, C.  A  Lex.,  lai  U..7,  T7.. 

tOBla.  A  Pr'k.,  lat  M.,l.'»-;s. 

do       LoalaT.Loao.4.*81 

L.  aHaah.  tw  M.  (m,(.>  7/77. 

do    Lob.  l.o«i  lni.«,>t,Ti«.'>r 

do         do     rLab.tir.lt.'M 

do   latM ,  (Mem.  Br>7,  *ID-'7S 

do   laM./Lab.br.exjI.IO-ll 

do   Lao.L'D(Leb.br,ex>l,'M 

do   Coiuol,lat  M„7. IMt.... 

JeCarion.,  Mad.a  Ind 

LonlaT..CIn.a  Lex..prar 

40            do         eonmon 
Loaunila  a  NaabTllle 


MT.  LOriB. 

St  LOQtt  a.  Look  Bonda... 

io       Waleia  aold *  I07)< 

do  do      dofnew)!*    .. 

do  BrldRv*  Approa<*h  a,a*  106 


'IM 
•IM 

ira 
tl 
II II 
•im 

119 

10 

111 
ny 
ini 


190 
IS 


100 
lOS 

17 

17 

W 
IN 

N 
IM 

n 
ini 

IM 
107 

-»2 

INK 


ai 

MM 

w 

tl 

•.1 

7» 

:oo 

III 

101 

IM 

•1 

M 

11 

M 

M 

100 

•IM 

a 

M 

Tt 

M 

7U 

7S 

a 

W 
N 

M 

« 

M 

H 

N 

4t 

01 

IM 

M 

M 

do  tianewal  aoM  a 

do  Sewer  r  a  MnrtI-7-S)* 

SULenlaCo.n'w  Park  (.a.,' 

do         c^y.  7a * 

At.a  Paelllo  enar.  land  arana 
■lo      U  M.(fnnded).. 

•  And|nt»re«t. 


KSJf 


m 

H 

M 

i<n 

IM 
N 

M 

IM 
110 

M 

:m 
t> 
ii« 


HI 

;i 

M 
M 
M 
(t 
H 

M 

I 

MX 


IMX 


M 

injK 
SO 
M 


.368 


THE  CHRONICL^L 


[October  16,  1875. 


u,  s. 


GENERAL  QUOTATIONS  OB"  STOCKS 
Bondt  ana  active  Railroad  Btoek*  are  quoted  on  a  premout  page. 


AND  BONDS  IN  NEW  YORK. 

Prices  revrenint  the  ver  cent  value,  whatever -the  par  may  be 


•»<nnitn»». 


Ktate  Bonds. 

^t*bun«  M.  1883 

do       Ss,188« 

do       M.ISM 

do       8»,1888  -„    „ 

do      8*.  Mont.  *  Bnf  'I*  R- 

do      8».  A]«.A  Cbat.K... 

do      8« o»  18«. 

Arkansas  60,  funded 

do       7«.L.  R.  *  Ft.  8.1m 

do        7b,  Meraphli  &  L.  R. 

do        7«.L.H.,P.n.&N.O. 

do        7i>,Ml8».  0.&  R.  RlV. 

do       7«,  Ark.  Cent.  R 
Cal  If  oral*  7b .• . 

do        7e.  large  bonds. 

ConnectlcntOs 

Oeorgla  es 

do       7b,  new  bonds.  . 

do       7s,  endorsed 

do       7b, gold  bonds... 

Indiana  6s -j- .  •  ■ 

Illinois  <s  coupon,  1977- ■• 
do  do       '.879... 

no       Warloan 

Kentnctey  6b, 
liODlBlana  ««. 


Bid.  Ask. 


do        do  new  bonds 

do  do  new  floating  debt 

do        7b,  Penitentiary 

do        6fl,  levee  bonds 

do  88,        do          ..^... 

do  88,         do           1875.. 

do         68 of  1910.. 

Michigan  »B,  1878-79 

do       «»,ie8.<) 

do       78,1890 

HUeonrl  6b,  due  In  1873 

do      do  1876 

do       do  1877 

do  d«              1878. 

do  do              1879. 


do      do 


m 

96 

loik 

VStii 

11B>» 
86 
3< 


10 

108« 
101 X 
HI 

ma 

101)4 

101  ^i 
wix 
101  x 

101), 


BSOmilTIXB. 


{Bid, 


Funding  bonds  due  In  1894-6. 1 '"^ 
I^ng  bdB.  dne  '81  to  •91  Incl..  'VH 
Asynun  or  UnlTerB..dne  189Q. 
Han.  &  St.  Joseph,  dne  1875. 
do       do  do  1876. 

do      do  do  1886. 

do       do  do  1887. 

Hew  York  Bounty  Loan,  reg. 


do  do         oonp. 

do  6s,  Canal  Loan,  1875. 

do  68,        do          18T7. 

do  6b,        do          1878. 

do  68, gold  reg.... 1887. 

do  6b,  do     eoup..l887. 

do  6e,   do     loan  ..1883. 

do  6b,  do      do  ..1891. 

do  58,  do      do  ..1875. 

do  Be,  do       do  ..1876. 
North  Carolina  6«,  old,  .T.  A  J.. 


lUlH 
101 

101 

101  x 
lotk 

lOJ 
107 


A.  A  O 

N.C.KB....J.*  J.. 

do  ....A.dtO.. 

do  coup  off. J.  A  J.. 

do    do  off.A.&O.. 

Funding  act,  1866. . . 

do       1868... 

New  bonds,  J.  &  J.. 

do  A.&O.. 

Special  tax.  Class  1. 

do      Class  3. 

do      Class  3. 


do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
Ohio  6e,  1875. 

do    68,1881 

do    6S.1866 

Rhode  Island  6b 

Bonth  Carolina  6b 

do       Jan.*  July 

do       April  &  Oct 

do  Fanillng  act,  1866. . 
do  Land  C,  18S9,  J.  *  J 
do       Land  C,  1889,  A.  &0 

do       78 0fl888. 

do      nonf  undable  bonds. 

TennesBee  68,  old 

do       do  ex  coupon 

do       do       do  new  series 

Texas,  lOs,  of  1876 

Virginia  68,  old............... 

do      do  new  bonds,  1866. 
do       do       do  1867. 

do       do  coneol.  bonds... 
do      do    ex  matn  d  coup 
do       do    conBol.  2d  series., 
do       do  deferred  bonds. ,  . 

District  of  Columbia  8.668 

Railroad  Stock*. 
(Active  prcniously  quoted,^ 

AhjHDr  &  Suaqnohanna 

Central  Pacific 

Chicago  4Alton 

do  do    pref 

Chlc.,Bur.&  Quincy 

Cleve.,  Col..  Cln.  &  Indlanap.. 
Cleveland  &  Pittsburg,  guar.. . 

Dubuque  &  8I0UI  City 

Brie  pref 

Hannibal  *  St.  Joseph,  pref... 

ISlnolfi  Central 

Inolanan.  Cln.&  Lafayette 

ipllet  &  Chicago 
onr  Island 

Marietta  &  Cln.,  Ist  pref 

do  2dpref 

Michigan  Central 

Morris  &  Essex 

MlBBourl,  Kansas  ft  Texas.  ... 

New  Jersey  Southern 

N  Y.,  New  Haven  A  Hartford. 

Ohio  &  MlBBlesIppl,  pref 

Pacific  of  Missouri 

Pitts.,  Ft.  W.  &  Chic,  guar. . . . 
do  do   special.. 

Kensselaer  ft  Saratoga 

Rome,  Watertown  ft  Ogdens.. 
St.  Louis.  Alton  ft  T.  Haute 

do  do  do       pref 

Belleville  *  So.  Illinois, pref . . 
St. Louis, Iron Monnt.  ftSouth 

Toledo,  Peona  ft  Warsaw 

Toledo,  Wab.  ft  Western,  pref. 
iniscellaneonK  Stocks 
American  Illstrlct  Telegraph. 

Boston  Water  Power.. 

Canton  Co..  Baltimore 

Cent.  N.  J.  Land  ImnroT.  Co. 
Delawaae  ft  HudsonCanal... 

A'nenean  *;oal 

Consoiiaanon  Coal  of  !» d 

Murlposa  L.ftM.  Co.,  ass't  paid 
do       do  jiref     •' 

Cnniberland  Coal  ft  iron 

Maryland  Coal 

Venn«ylvanta  Coal 

Spring  .Mountain  Coal 


3 
3 
101 
107 
108 
106 

'& 

29 

■» 

29 

29 

28)j 

29 
J« 

48 

46 

46 


101 X 
101 X 

108 


12)i 


65X 


I00« 
95>l, 


49 

89H 
61X 

26  j< 

94X 

io6' 


54« 
102X 


144X 


98« 


Railroad  Ron4s. 

iStock  Kxcftnnije  Priee9.)    I 
Albany  ft  Susq.,  let  bonds. . .  . 

do  do      2d     do    

do  do      8d     do    

Boston,  Bartf .  ft  Erie,  Istmort 

do  do  guar 

Bur.,  C.  Rapids  ft  Minn.  Ist  78,  g 

Chesapeake  ft  Ulilo  6b,  Ist  m. . . 

do  ■    do        ex  coup 

Chicago  ft  Alton  sinking  fund. 

do  do     Istmort 

do  do     Income 

Jollet  ft  Chicago,  iBt  mort 

Louisiana  &  Mo.,  iBt  m.,  gusr. 
St.  Louis.  Jack,  ft  Chic,  lat  m. 
Chic,  Bur.  ft  Q.  8  p.  c  1  Bt  m . . 
do  do    conBol.m.7f 

Chicago,  Rk.  Island  ft  Paclllc 
do        S.  r.  Inc.  68,'1>5 
Central  of  K.  J.,  Ist  m.,  new. . . 

do  do      Ist  consol 

do  do     con.  conv 

Lehigh  ft  Wilkes  B.  con.  guar. 
Am.  Dock  ft  Improve,  bonds.. 
Mil.  ft  St.  Paul  Ist  m.  88,  P.  I>. . 


95* 
104 


MX 
103 


lO'A 


18>t 


do 
do 
do 
do 
do 
do 
do 
do 
do 


do  7^10  do. 
7s.gold,  K.  D. 
lBtm.,LaC.D. 
Istm.l.&M.D. 
Istm.  I.ft  D.. 
iBtm.  H.ft  I). 
Ist  m.  C.  ft  M 
iBt  Consol.  .. 
2d  m.      do 


Chic,  ft  N.  Western  sink,  fund 


do 
do 
do 
do 
do 
do 


do 
do 
do 
do 
do 
do 


Int.  bondB 
conBOl.bds 
ext'n  bds 
iBt  mort., 
cp.gld.bdB 
ree.   do 


Iowa  Midland,  Ist  mort.  Ss.. 
Galena  ft  Chicago  Kitendcd.. , 

Peninsula,  iBt  niort.,  conv 

Chic,  ft  Milwaukee,  iBt  mort.. 

Winona  ft  Bt.  Peters,  Ist  mort. 

do  do  2d  mort.. 

CCC.ft  Ind'a.lBtm.7s,  S.  F. 

do  Consol.  m.  nonde 

Del.,Lack.  ft  Western,  2dm.  . 

do  do      76,  conv 

Morris  ft  Essex,  Ist  mort 

do  do      2d  mort  

do  do     bonds,  1900.. . 

do  do     construction 

do  do     TaoflSil 

do  do     iBt  con.  gold.. 

Erie,  Ist  mort.,  extended 

do       do  endorsed 

do     2d  mort.,  7s,  1879 

do     3d    do      78,1883 

do     4th  do      78,1880 

do     6th  do      78,1888 

do     7s,  cons.  mort.  gold  bds 

Long  Dock  bonds 

BuC,  N.  Y.  &  Erie,  Ist  m.,  1877. 
do       do  do     large  bds 

Han.  ft  St.  Jo.  land  grants. . . . 
do         do     8b, conv.  mort.. 
Dubuque  ft  Bloui  City,  1st  m. 
do  do         2ddlv 

Cedar  Falls  &  Minn.,  iBt  mort. 
Indlanap.,  Bl.  ft  W.,  iBt  mort 
do  do        2d  mort. 

Mich.  So.  7  p.  c.  3d  mort 

Mich.  S.  ft  N.  Ind.,  S.  F.,  7  p.  c. 
Cleve.  ft  Tol.  sinking  fund.... 

do         do    new  bonds 

Cleve.,  P'vllle  &  Ash.,  old  bds 

do  do     new  bds 

Detroit,  Monroe  &  Tol.  bonds. 

Buffalo  &  Erie,  new  bonds 

Buffalo  ft  State  Line  78 

Kalamazoo  ft  W.  Pigeon,  Ist. 

Lake  Shore  Dlv.  bonds 

do  ConB.  coup., Ist... 

do  Cons,  reg.,  I8t 

do  Cons,  coup., '2d 

do  Cons,  reg.,  2d 

Marietta*  Cln.,  iBt  mort 

Mich. Cent., consol. 78, 1002  ... 

do  lBtm.88, 1882.8.  f. 

do  equlnm't  boada... 

New  Jersey  Southern,  Ist  m.  76 

do  do     consol.  7e 

New  York  ft  New  Haven  66.. . . 

N.Y.  Central  6b,  1883 

do  68,1887 

do  66, real  estate.... 

do  68,  subscription. 

do  76,1876 

do  78,  conv.,  1876.... 

do  ft  Hudson,  Ist  m.,coup. 

do  do     IBtm.,  reg... 

Hudson  R.  7s,  2d  m.  s.  fd.  1^.. 

Harlem,  Ist  mort.  7b,  coup 

do         do  reg 

North  Missouri,  Ist  mort 

Ohio  ft  MlBs.,  couBol.  sink,  fd 

do  do     consolidated 

do         do     2d     do         

do  do     IBt  Spring,  dlv. 

Central  Paclflc  gold  bonds.. . . 
do  San  Joaquin  br'nch 
do  Cal.  ft  Oregon  l6t.. 
do  State  aid  bonds 

do  L.  G.  bond 

Western  Pacific  bouds 

Union  Paclflc,  let  mort.  bonds 

do  Laud  grants,  78. 

do  Sinking  fund... 

Atlantic  ft  Paclflc  land  gr.  m. 

South  Paclflc  Uli.  bds.  of  Mo. 

Pacific  B.  of  Mo.,  I8t  mort.  ... 

do  do         iBtCaron'tB. 

do  do         2d  mort 

Paclflc  R.  78,  gnarant'd  by  Mo. 

Pitts.,  Ft.  W.  ft  Chic,  1st  mort. 

do  do     2d  mort. 

do  do     3d  mort. 

Cleve.  ft  Pitts,  consol.  s.  fund. 

do  do     4th  mort 

Col.%  Chic  ft  Ind.  C.  Ist  mort. . 
do  d(,    2d  mort.. 

Rome,  Watert'n  ft  Og.con.  Ist 
Bt.  L.  ft  Iron  Moontodn,  Ist  m 
do  2d  a 

Alton*  T.  H.,l«t  mort 

do  do     2d  mort.  pref... 

()  I  do      2d  mort.  Income 

Belleville  ft  S.  111.  U.  Istm.  88 

Tol..  Peoria  ft  Warsaw,  K.D.. 

do  do       W.  D.. 

do  do  Bur.  Dlv. 

do  do  2d  mort 

do  do   coneal,78 


UIK 


113  J, 


116 
106H 
'.08H 
98 
111 
107S 

ima 
ll'lj' 

U)9 
90 

»i' 

811 


loe.s 


116K 
109 


txotiarriBa. 


109X 


105 

9;>4 


90 

lOik 
82>.- 
8'2>4 
10? 
76;, 


uo* 


112 
119 
114 

ice' 

165" 
lOlM 

•0 


lOR 

.... 

UK 

106H 

III! 

••.. 

IIW 

IIM 

i(e 

IINJ'V 

ua 

lliO 

101 

.... 

93  >i 

»U 

102     1U8 

MXICBJ, 

'Ji    ilOD 

....    91 

102X 

loi" 

102X 
1U2 


101 

117" 

114 

lux 

lU* 

.12X 

90 

m' 


l(X\  107 
syy,  90 
91i 

106 


Tol.  ft  Wabash,  1st  m.  ejitend 
Ho  do       lBtm.St.L.dlv 

do  do       2d  mort 

do  do       equlpm't  bds. 

do  do       con.  convert. 

Hannibal  ft  Naples,  Ist  mort.. 

Great  Western,  1st  mort.,  1888 
do  2d  mort.,  1893. 

Quincy  ft  Toledo,  Ist  mort.  1890 

Illinois  ft  go.  Iowa,  1st  mort.. . 

Lafayette,  nl'n  ft  MlBS.,  Istm. 

Han. ft  Central  MlBsourl.lstra. 

Pekln. Lincoln*  Decatur.lBtm 

Cln.,  Lafayette  ft  Chic,  Istm. 

Del.  *  Hudson  Canal,  lit  m.,  W 
do  do  1»! 

do  do  ISTi 

Long  Island  RU..l»tmort 

South  Side,  L.  1.,  Ist  m.  bonds, 

\V«8tcrn  union  Tel.,  Istm.  7s, 

inucellaneoua  Llat. 

iSrokert'  QuolaUoM.} 

CITIKB. 

Albany,  N.Y. ,6s 

Buffalo  Water 

ao      Park 

Chicago  6b,  long  dates 

do       78, sewerage 

do        Tfi  w&t CI*  •4. •••••■ 

do      7s,'rIverlmprovement 

do       78,  various 

Clevelnud  "iS 

Detroit  Water  Works  7s 

Elizabeth  City,  due  '95 

"        '•    '85 

Hartford  6s 

Indianapolis  7'd08 

Newark  CltylB 

Oewcgo 

Poughkeepsle  AVater 

Rochester  City  Water  bds.,  '93 

Toledo  7-608 

Yonkers  Water,  due  1903 

RAILR0AD8. 
AtchlBon  ft  P.  Peak,  6s,  gold.. . 
Atlantic  ft  Paclflc  L.G.  Ss,  gld 
Atchison  &  Nebraska,  6  p.  c. . . 
Bur.  &  Mo.  Uiv.,Landm.78.... 

do  do        2d S., do  78.... 

do  do        3d S., do  8s.... 

do  do        4th  S.,  do  88. 


do 
do 


do 
do 


5th  8.,  do  8a.. 
6th  S.,  do  8s. 


='•=• 


u' 


Bnr.,C.H.&M.  (M.div.),g.7s 
Cairo  ft  Fulton,  Ist  78,  gold  .. 
California Pac.  KB.  7s,gold... 
do  68,2dm.,g 

Canada  Southern  Ist  78,  gold  . 
Central  Pacific  76,  gold,  conv  . 
Central  of  Iowa  Ist  m.  76,  gold 
do  do     2d  m.  7s,  gold 

Keokuk  ft  St.  Paul  8s...  ~ 

Carthage  ft  Bur.  88 

Dixon,  Peoria  ft  Han.  8b 
0.0.  ft  Fox  R.  Valley  86 

Qtilncy  ft  Warsaw  88 

lllinolB  Grand  Trunk. .. . 
Chic.  Dub.  ft  Minn.  88.. 
Peoria  ft  Hannibal  R.  8s. 
Chicago  ft  Iowa  B.  88... 

American  Central  88 , 

Chic,  ft  S'tliweetern  78,  guar. 
Chesapeake  ft  O.  2d  m.  gold  78 
Col.  ft  Hock.  V.  Ist  78,  30  years 
do  dp  -  l8t  78, 10  years 

do  oo     2d  78, 20  years 

Chicago,  Clinton  ft  Dub.  Sa. . . . 
Chic  ft  Can.  South.  Istm.g.  7s 
Ch.  D.  ft  v.,  I.  div.,  ist  m.  g.  78. 
Chic,  Danv.  ft  Vincen's  7b,  gld 

Connecticut  Valloy7a 

Connecticut  Weatern  lat  7b — 
Chicago  &  Mich.  Lake  Shore.. 
Dan.,Urb.,Bl.  ftp.  l6t  m.7s,g 
Des  Moines  ft  Ft.  Dodge  Ist  78 
Detroit,  Hillsdale*  In.  RR.8S. 
Detroit  ft  Bay  City  8s  guar. . . 
Detroit,  Eel  River  ft  111.  8s. 


103>! 


:C2 
106 
106 
98 

:04x 

10<!, 
104k 
1034 
105X 
106 

96 

99 
102 
100 
lOJ 
103 

05 
105 
102 
104 

20 

30 

20 
106 
106 
108 
108 
108 
109 

22X 

55 

70 

45' 
103 
32 

lOV 
104 
104 
104 
104 
IC4 

25 
104 

92 
104 

88 

92' 
92 

20' 
16 
38 
29 
92 
60 
25 


93 

»« 

S.iV 

91 

W^ 

'.08H 

9tlH 

99 

88  Si 

89 

80" 

85" 

74 

ioi's< 

.... 

lis*., 

107 

... 

100', 

101 

lUS 

404 

20 

90 

90X 

91 

8S" 

in" 

70 

74 

100 

72" 

.11 

, 

:^5 

80 

Det..  Lans.  ft  Lake  M.  Ist  m.  81 
do  do     2d  m.  8( 

DntchesB*  Columbia  7s 

Denver  Paclflc  7b.  gold 

Denver  ft  Klo  Grande  7s,  gold 
EvanBvllle  ft  Crawford8V.,7B. 

Erie  ft  Pittsburg  Ist  7s 

do  do         2d78 

do  do         78,  equip 

Bvansville,  Hen.  ft  Na6hv.7s.. 
Ellzabethtown  ft  Padu.  88.  con. 
Evansvllle,  T.  H.  ft  Chic  78,  g. 
Flint  ft  Pere  M.  7a,  Land  grant. 

Fort  W.,  Jackson  ft  Sag.  88 

Grand  B.  ft  Ind.  let  guar  78 — 
do  IstL.  G.  78... 

do  lat  ex  L.  G.  78 

Grand  River  Valley  8s 

Hous.  ft  Texas  C.lsl  7b,  gold.. 
Indlanap.  ft  VIncen.  iBtis,  guar 
Iowa  Falls  ft  Sioux  Cist  is... 

Indianapolis  &  St.  Louis  78 

Houston  ft  Gt.  North.  Ist  7a,  g. 
International  (Texas)  l8t  g.  .. 

Int..  H.  ft  G.N.  conv.  88  

Jackaon.  Lansing  ft  Sag.  88 

KanssL  Pac  7N,extenBion,  gold 
do  78,  land  grant,  gld 
do  78,  do  new^ld 
do        68,gld,  Juneft . 

6b,  do  Feb.  ft  Aug 
7s,  1876,  land  grant 
78,  Leaven,  br'nch 
Incomes,  No.  11, 
do       No.  16, 

Stock 

Kalamazoo  ft  South  H .  8s,  guar 

Kal.,  AUeghan.  ft  G.  R.  Ss.gnar 

Kansas  City  ft  Cameron  10s. . . 

Kan.  C,  St.  Jo.  ft  C.  B.  8s  of  '85 

do       do  do    88  of  *ge 

Keokuk  ft  Dee  Moines  iBt  7b,  . . 

do        1st  coup,  Oct. ,'76 

do  funded  Int.  8s 

do  pref.  stock... 

L.  Ont.  Shore  RK.  Ist  m.  gld  7b. 

Lake  Sup.  ft  MluB.  lat  78,  gold. 

Leav.,  Atch.  ft  N.  W.  7s,  guar.. 

Leav.,  Law.  &  Gal.  Ist  m.,  lOs. 

Logans.,  Craw,  ft  S.  W.  8b, gld 

Mlchlgnn  Air  Line  8b 

Montlcello  &  P.  JervlB78,gold 

Moutclair  Ist  7k.  gold 

Mo.,  Kansas  ft  Texas       gold.. 

Mo.  B.,  Ft.  S.  ft  Gulf  Istm.  108. 

do        do         do    2d  m.  10s. 

N.  Haven.  MIddlet'n  ft  W.  78.. 

N.J.  Midland  1st  78,  gold 

do  2d7s 


do 
do 
do 
do 
do 
do 


75 
90 
60 
104 
65 
SO 

79H 

78 

S8 

75 

60 

55 


T2y 

92X 
20 


50 
63" 

lis" 
lio" 

103X 


107 
107 

104  H 
lOIX 
104X 

106 
106V 

97 

99 
103 
102 
108 
104 
106 
106 
103 
105 

25 
40 
30 


35 
S2X 
56 
100 


95 

70 
107 

80 

65 
100 

80X 

95 
82X 
63 
60 

98' 
70 


65 
72 

65' 
20 
16 

nx 
100 

96 

too 

50 

90" 
75 
95 
25 
60 


axcUBITIKS. 


22 

10 
106 
40 

55' 

70 

40 

35 

32X 

14 


N.  Y.  ft  0»w.  Mid.  1st  78,  gold. 

do  do        2d  7s,  conv. 

Nortl .  Pac.  1st  m.  gold  7  3-lOs.. 

Omal  a  ft  Southwestern  RH.  M 

Oswego  ft  Rome  7b,  guar , 

Peoria,  Pekin  ft  J.  lat  mort. . . . 

Peorlaft  Rock  I. 7b, gold 

Port  Huron  ft  L.  M.  78,  gld,  end 
Pullman  Palace  Car  Co.  stock, 
do  bds,  8b,  4th  serlea 
Rockf 'd,  R.l.  ft  St.  L.  1st  7s, gld 
Bondoutft  oawego  7b, gold... 

SlouiCIty  ft  Paclflc  68 

Southern  Minn,  construe  8b.  . . 

do  78 

St.  Jo.  ft  C.  Bl.  Ist  mort.  lOi. . . 

do         do  SJ-JE- 

St.  Jo.  ft  Den.  C.  Sa,  gld,  W.  D. 

do  do     88.  gld,  K.  D.. 

Sandusky,  Mans,  ft  Newark  78. 
St.  Louis,  Vandalla  ft  T.  H.  iBt. 

do  do  2d,  guar. 

St.  L.  ft  So'eastern  ist  78,  gold. 
St.L.&I.Mt.  (Ark.Br.)7s,g.. 
Southern  Central  of  N.  Y.  78.. . 

Union  ft  I.ogansport  7b 

Union  Paclllc,  So.  branch,  6b,  g 
Walkill  Valley  1st  78, gold.... 

West  Wisconsin  7b.  gold . 

WlBconsln  Valley  8a 


conBol.  68...  , 

bonds,  7s 

gold  78,  quarterly 

10s 

to  railroads,  68 


Sontbern  Securltlea. 

{Brokern'  Quotatwtis.j 

8TATKB. 

Louisiana  new  consol.  7b 53 

South  Carolina  new  consol.  68.  47 

Texas  State  6s,  1877 — .  " 

do        68,1891-2 80 

do         78,gold 97 

do       lOB.Of  1884 ..  100 

do      10s,  pension 98 


CITtEB. 

Atlanta,  6a.,  7b 

do       8s 

Augusta,  Ga.,  78,  bonds 

Charleston  Block  68 

Charleston.  S.  C,  7b,  F.  L.  bds, 

Columbia,  8.  C,  6s 

Columbus,  Ga.,  7b,  bouds 

Lynchbnrg68 

Macon  78,  bonds 

Memphis  old  bonds,  66 

do       new  bonds,  68 

do      end., M. ft  C.BR.  ... 

Mobile  5s,(coup8.  on) 

do      8s, (coups. on) 

Montgomery  8s 

Nashville  68,  old 

do        66,  new 

New  Orleans 5s... 

do 

do 

do 

do 

do 
Norfolk  68, 

Petersburg  6s 

BIchniond  6s 

Savannah  7s, old. 

do       7s,  new 

Wilmington,  N.  C,  6s,  gold., 
do  do     Bs,  gold.. 

BAILROADS. 

Ala.  ft  Chatt.  Ist  m.  88.,  end.. 
Ala.  ft  Tenn.  E.  Ist  mort.  78. 
do         do         2d  mort.  7b.. 

Atlantic  ft  Gulf,  consol 

do  do    end.  Savan'b. 

do  do    stock 

do  do      do    guar. 

Carolina  Central  let  m.  68,  g.. 
Central  Georgia  consol.  m.  78. 

do  stock 

Charlotte  Col.  ft  A.  1st  M.  7b... 

do  do       stock 

Charleston  ft  Savannah  66,  end 
Savannah  &  Char,  lat  m.  7s... 

Cheraw  &  Darlington  7s 

East  Tenn.  ft  Georgia  6s 

East  Tenn.  ft  Va.  68,  end.  Tenn 
E.  Tenn.  Va.  ft  Ga.  Ist  m.  78.. 

do  do        stock 

Georgia  BR.  7s 

do  stock 

Greenville  ft  Col.  78,  guar ... . 
do  do    7s,  certlf. .. 

Macon  ft  Brunswick  end.  7b.. 

Macon  ft  AuguBta  bonds 

do  00      endorsed... 

do  do      stock 

Memphis  &  Charleston  l8t7B.. 

do  do         2d  78... 

do  do  Block  . 

Memphis  ft  Little  Rock  Ist  m.. 

Mississippi  Central  let  ro.  7s.. . 

do  2dm.  8s.... 

Mississippi  ft  Tenn.  1st  m.  78. . 

do  do     consol.  Bs. 

Montgomery  ft  Weat  P.  1st  Bs. 

do  do  Income 

Mont,  ft  Euf aula  1st  8s,  g.  end. 

Mobile  ft  Mont.  8s,  gold,  end.. 

Mobile  ft  Ohio  sterling 

do  do       do     ex  certlf 

do  do  86,  Interest. .. . 

do  do   2d  mort,  8s.... 

do  do   stock 

N.  Orleans  ft  Jacks,  lat  m 

do  do    certlf '6  8b 

N.  Orleans  ft  Opeloua.  latm.Bs 
Nashville  ft  Chattanooga  6s. . . 
Norfolk  ft  Petersburg  Istm. 8s 
do  do  7s 

do  do  2d  m.  8s 

Northeastern,  S.  C.latm.  8s. 
do  2dm.S8.. 

Orange  ft  Alexandria,  Ists,  68. 
do  do  2d6, 68. 

do  do  Sds,  88, 

do  do         4thB,  88.. 

Rlchm'd  ft  Petcrsb'g  1st  m.  7s. 
Blch.,  Fre'ksb'g  ft  Poto.  68. . . . 
do  do  conv.76 

Rich.  A  Danv.  Ist  consol.  68. . . 
Southwest  RR.  Oa.lstm. 
8.  Carolina  Ul!.  lat  in.  78,  new. 

do  OS 

do  78 

do  stock 

West  Alabama  8s,  guar 

I  PAST  I>IIK  COUPONS. 

iTenneosee  State  coupons 

iVIrgluja  coupons. ..  
do       consol.  coup — . 
Memigtals  City  coupons 


Ojtobar  16,  1875.] 


THE   CHRONICLE' 


369 


3noedtments 


STATE,  CITT  AND  CORPORATION  FINANCES. 

The  "  Inreators' Sapplemeot"  Is publUbed  on  the  last  Saturday 
ot  each  moDtb,  and  faraiahed  to  all  Nfolar  subscribars  oi  the 
Chboxiclr. 


balance,  with  the  sarplns  of  the  preceding  year,  b«ing  on  hand  in 

the  treasury  of  the  company  : 

Rcceipu. 


Ordinary  ezp^DM* ,  ,,    'dBisH'&i 

RecuustittctioQ  of  cables...  !!!!!!!'.!. !!!!!!!   isllM  43 


tai)8,t)3SI 


ANNUAL    REPORTS. 

Wetitem  I'Bioii  Telegraph. 
(For  the  year  ending  Junt  80,  1873.) 

The  Westers  Union  Telegraph  Company  held  their  annual 
meeting  and  election  on  the  12th  inst.,  at  which  the  following 
Board  of  Directors  were  elected  for  the  ensaing  year :  William 
Orton,  James  II.  Banker,  Alonxo  B.  Cornell,  Harrison  Darkes, 
Norria  Oreea,  Joaeph  Harker,  Edwin  D.  Morgan,  AugostM  Schell, 
W.  K.  Tliom,  Cornelius  Vanderbilt,  Frank  Work,  CbaMer  W. 
Chapin,  Wilson  O.  Hunt,  David  Jones,  C.  LiTiogstoa,  Levi  P. 
Morton,  James  Milliken,  John  Duff,  O.  H.  Palmer,  Osorge  M. 
Pnllman.  R.  S.  Saofoid,  John  Steward.  Moses  Taylor,  Darld  Tor* 
raace.  William  U.  Vanderbilt,  W.  R.  Verailys,  E.  B.  Wssley.  D. 
O.  MUls  and  £.  D.  Worcester.  PresldMt  Onon  presented  his 
aaBUAl  report,  of  which  the  following  is  an  abstract : 

Ths  gross  receipu  for  the  year  fi«a  ail  •oiu«as,axoept  proceeds 
M  bendJi,  wsta  t9jBM,S74  60;  the  gm*  sxpanaes  wore  $0,333^ 
414  T7 :  tiM  diflerenee,  f3,S394n  @.  baiBg  as*  ptoSt.  All  sums 
Mid  as  rental  for  leased  lines  are  Included  in  the  gross  expt-nses. 
Compared  with  the  preceding  fiscal  year,  there  was  an  increase  la 
the  gross  rseel pis  of  $301,930  (B:  a  decrease  in  the  expsosesal 
$420,319  00.  and  aa  ioersMs  la  the  net  profit  of  f1»,9a»  $& 
Tbers  were  in  operation  at  the  end  o<  the  year  73,^  miles  of 
Mao.  199JM  aiHsa  of  wire  and  0^566  nil  ass  The  naml>er  of 
msaaagss  transmitted  daring  the  year  war*  17403,710;  being  aa 
lacreate  of  884,4f>l  orer  the  preeedlag  year. 

CAPITAI.   ITOCK. 

The  capital  stock  of  the  company  is  $41,073,410,  e(  which  ths 
eomtwny  owns  and  now  has  in  the  treasury  $7,385,035.  The  dit. 
ferenoe,  $33,7^,475,  is  the  amount  of  the  capital  stock  oatnttnd- 
lag,  which  has  been  Increased  $1,800  darlag  the  jfmr  \tj  the  Inns 
of  eighteen  shares  In  exchange  for  the  stock  of  eompaalea  leased 
to  ths  Western  Cnioo,  and  which  have  small  amooats  of  capital 
oatslsndlay  oa  which  Interest  is  paid  ss  renUl. 

The  boadsd  debt  of  the  eoiapaay,  Jaly  1.  1874.  was  $3,016,0001. 
of  which  $1.4Sd,000  are  the  Tper  c«at.  gold  building  booda.  sad 
$4,410,^00  7  per  caat.  earrency  bonds,  which  matore  NoTsmber  1. 
1875. 

Whea  the  pending  traaaaetioas  an  complstad,  the  «UoI« 
I  dsbt  will  stand  as  follows: 

baiMta>bsa«a*ss  Majr  1.  un....  $l.4at.w«  « 

—      -i-  i,«oi.imB 

<ean.(i««i 


Netproflt 

Which  bag  leen  appropriated  as  follows  : 
Balanre  of  loan  from  W'etteni  Union  Telegraph  Comiianr 

.  repaid '       tSOCOOOO 

lalerrtt  on  debt ..  .^Si  Tg 

a<ad<  parchaaed  for  81nUD£  Fond '.'.'.'.  '"  *9  400  M 

Coastructioo  of  new  lines 4  Ml  40 

CnweetioB  for  cable  from  Cuba  and  Porto  Rico  to  ihe      ' 

^Bahama  and  Bermnda  Islantig t  000  00 

bpeoditarca  on  Bteanubip  "  Profeaeor  Morre  ' 7019  7« 

FiTncDU  on  aceoimt  of  new  cable  between  Ker  We»t 
aadPonuRom ,         17 Ml  84 


185,068  50 
.  $163,864  33 


■  «127,815  78 


••Tsa  psrcMt.  aaU  MaUsi)  ban 
Ms  yarssat.  ilsntag  Ma4i^  das 
tsvaa  par  esat.  caoMKr  bsads,  < 


das  Hay  I.  aw. 


1Mriftad««dsM 

nsastpfodiaf  la* j«v...  . 

_aaa  b««a  ap*il«4  aa  tallows 

ror  roar  qaart«rlj  dlTl4«ads  < 

oa  MBttal  Meek  •atatsadt^ 


JaiyUk  Wlf\ 


tt  t  par  tmi 
itac  (ladait*e  at  tkat 

••.• 


■ss: 


M-   <.lK.a«  N 


L*a*tagai 


•I0(.47l  • 


r  a  tmlaa  Itar  Ihs  yasr  or 
^_wMe*  aa  imiliiaal  apu-w- 
laloa  Tnat  Ceaiaaf  M  insiM*  iar 

rmorm. 

Tk«iM««ia ter  tkapast  alas  yearsi dattag boas  tka Ume of  eoa. 
■oHdattoa,  wsMfMLMMOS 78, aad  tha  surplaa  ol  laeome  arcoaat 
Joly  1, 1800,  fS78.3S7  94,  maktag  aa  aggiMala  of  $M;S44.a'S«  0$. 
Daring  this  period  there  t-i  rn  ilbkmnStim  rtlrhtsods  smJ  intersai 
oa  tho  eompuiy-s  bonds  $11494J$8  «,  laaetag  a  balance  •< 
|14>4»/M7  M.  which  ia  dWldad  aiaoag  tba  foUowias  i 


I  foUowiag  aecouQla: 


k  of  aew  Use*,  sractlon  of  addWooal  wtiesL  Ac. 
Marah  Uass  airt  sr  Ifes  eseck  s«  eaa^aaMs 
lke_w«sura  Daloa  TalaBaph  O—tsiiy.  oa  « 


|.-.aTi.ta  • 


wktab 


■)  . 


OMBaaay**  Mock  (47.710  •bar«i».V 

raakOuaiua 


uaajr'a  atack  (10^1  akarssl.. 

-    -  *<AliK^ 

OampSBT^  atesh  CM 


•isusr*'***' 


ataklacraad— BrxadworaadDa*  ~     ~ 
— I  yet  BMd  tar  csdcMlloa  sir  I 

-~M  Ohm  York  Cily  aad  daewbsts) 
t  pr^Mad  f  rasa  the  praessdi  s< 


I).. 


•k Cfiy  aad elwbste)...... . . . .$li«UHlT  is 

dfroaatbepraesatisltaais.     MaMH  M 


l.»4 
4,0ftl, 
I.ITti 

I". 


XI,SS01B 

>.ir:t,M»  « 


-it.is«n 

MMIM 


•U.IMS.MT  tl 

TBB  UrrXHATIOMAI.  OCBAJI  TKUHIUrK  COMPAltr. 

'"^•5!*l!i!!S''  •*  »•»•  ^tomaUoaal  Oesaa  Telegraph  Com 
•^rteJlWUMO.tsprsaeeted  by  8A»  skaraa  of  pref^rr!  1  stock 


I»ay      .  .     , ,  . 

and  9JS00  sharsa  of  eommoa  sloek.    The  Western' 

botheloaMS  $978,400  worth.    The  ontsUo<lioi;  Im 

"?'!''!2^-2?*»  Talegimph  Cooipaay  .mount   in   b. 
scrip  le  $381  JOOl 

TiMopwMiaasof  tb«  lateraatioaal  Oesaa  Telegnph  (ompMy 
for  the  ysar  sndiog  June  30,  1875,  hara  beeTas  followsVthe 


stock 

''0  of 
'  the 

u'isaad 


■•'»""•• 8M.048  59 

A  portion  of  the  surplus  has  l>eea  recently  used  lo  purchase  and 
cancel  the  $56,000  of  gold  intereat-bearing  scrip,  and  it  is  in  con- 
templation to  retire  the  currency  scrip  also. 

President  Orton  continues  his  report  by  giTiii?  a  detailed  account 
of  the  making  and  laying  of  a  new  cable  betwwn  PunU  Kosa  and 
Key   West,  which  a  week  or  two  ago  was  saccesffully  laid  : 

"A  fault  has  been  diaccvered  in  Uit  cable  of  18S0  between  Key 
West  and  Havana;  and  although  the  uae  ot  this  c-ible  is  not 
required  for  tho  present  volume  of  traffic,  the  new  and  better  cable 
of  1873  being  capable  of  passing  double  the  present  number  of 
aioasages,  the"  Morse"  will  proceed  at  once  to  diaooverand  repair 
the  fault.  Wben  this  hss  been  done  thu  other  cable  between  Key 
West  and  Punta  Kosa  will  be  repaired,  and  wben  this  is  done  the 
oompaoy  will  then  have  two  lines  of  cable  Iroui  Punta  Rosa  to 
Uavaaa. 

"  .\lthoagh  the  development  of  telegraphic  bnslness  with  Cuba 
hss  been  greatly  reUrded  by  the  condition  o(  affairs  on  that  Island, 
the  extenaion  of  the  West  India  and  Panama  Company's  cable 
system  to  a  connection  with  the  cables  to  Brazil,  and  the  recent 
sstabliahment  of  cables  aloag  the  coast  ol  Chili  and  Pern,  are 
Maging  a  handsome  inerease  of  traffic  ta  the  I.  O.  T.  Co.'a  lines, 
oad  the  prospects  for  the  future  are  most  encouraging. 
uoxicy  TBAKsrsit    mekvh-k. 

"The  number  of  telegraphic  money  orders  received  during 
the  year  was  34,953.  The  amount  transferred  thereby  was 
$14143.347  U6,  and  the  revenue  accruing  to  the  company  was 
$87,910  40,  being  aa  Inerease  over  the  revenue  received  during 
the  preeeding  year  of  $6,880  54,  or  about  Si  percent." 

The  report  closes  with  a  geieral  review  of  tbe  growth  of 
iha  company,  the  ■Utements  mode  being  contained  inthefol- 
lawlag  summary :  "  Prom  1867  to  1875  the  extent  of  line  has 
laersased  from  4^,370  to  73.888  miles. and  the  wires  from  85,300 
to  179,304  miles,  belag  an  increase  of  57  per  cent  of  line  and 
110  per  ceut  of  wire.  The  number  of  offlees  and  statlona  has 
laereosed  from  2,5d5  to  6,505,  equal  to  136  per  coat.  During  the 
same  time  the  number  of  messages  transmitted  ha*  Increased 
193  per  cent,  the  rate  of  tolls  has  decreased  51  per  cent,  and  the 
groas  receipts  have  increased  46  per  cent.  T%t  average  coat  per 
Btsooage,  during  the  some  time,  haa  beoo  reAood  from  67  lo  87 
eoats.  or  about  i.'i  per  sent.  The  inerrase  of  103  per  cent  in  the 
aaabar  of  messges  transmlltod  annually,  while  the  mileage  of 
wiro  has  increased  but  110  per  cent,  Is  explained  by  tho  fact 
the  number  of  masoages  tranamittod  per  mile  of  wire  has 
tacreosel  41  per  cent." 

Tn«  T.\itiKr. 
"  No  seneral  change  has  been  made  In  message  rates  during  the 
yaor.  In  Kcbmary  last,  pursuant  to  previous  public  annonnoc- 
snsBt.  the  rates  on  the  lines  of  the  Atlantic  and  Pacific  Telegraph 
Company,  between  Boaton,  Albany  and  Waahingt<in  and  inter- 
aMdtete  statioDS,  were  reduced  to  a  uniform  rate  of  35  cents.  A 
eorrsaponding  reduction  was  m«de  by  this  company,  which  took 
eSKt  on  the  same  day.  The  redueed  rates,  after  having  been  in 
operation  about  six  mootbs,  were  abandoned  by  an  arrangement 
between  the  companies  and  the  former  rates  restored.  Previous 
lo  1809  but  little  effort  had  been  made  to  introduce  order  and 
system  into  the  ratea  charged  for  messges.  I n  October  ol  that 
year  a  system  was  inangnrated  for  the  computation  of  rates  by 
air-lioe  distances.  Bat  theoe  rates  were  diflfi-rent  for  like  dis- 
taaeea  In  diirerent  seetioos  of  the  country.  In  Msy,  1871,  sll 
ehargea  above  $5  were  disoootinned,  and  that  sum  wss  made  the 
'  '~\m  rata  for  the  greatest  diaUnces.  Although  soms  of  tbe 
ralea  previously  in  force  ware  as  high  aa  $10  per  message,  and 
tbe  average  rate  between  the  Atlantic  and  Pacific  coasts  was  over 
$6,  tbe  rwliirtioo  of  the  maximum  rate  to  $.j  waa  not  followed  by 
aay  apparent  loss  of  revenue.  Tbe  result  of  governmental  opera- 
tion of  the  telegraph  in  Kngland  does  not  differ  eaaenllally  in 
rsoalts  from  governmental  management  of  other  kindsof  business. 
As  compared  with  private,  governmental  management  of  tele- 
graphs, railways,  canals,  ship-building,  manufacturing  and  other 
kinds  of  business  is  invariably  more  expensive  and  rarely  more 
satisfactory  In  any  raapect." 

LoaisTllIe   k   NanhTllle. 
{For  (As  pear  eniing  June  30,  1875.) 
The  followincr  extracts  from  the  annual  report  are  furnished  by 
the  I/onlsvllle  Courier  Jovrnaf. 

Tho  following  were  the  results  of  the  tralTlr  operation  of  the 
main  ateni  and  braorhes  in  tbe  last  tlire«*  years  : 

)«r4  r..  IHf;)  4.  1K»  I 

firimt  r^rn\t.gt $l.«M.«.-.l  $4,llHI.4«)  tti.Oi'i  4lt 

NelMminga l,ult>,Wn  l,4aS,(ICidi  l.bU  SM 


Operating  ezpeoses 9t,1*},!»l 


•4,479,617 


•4,0>7,1S3 


370 


THE  CHRONICLE. 


[October  16,  1876. 


The  traffic  operations  of  the  Soath  ti  North  Alabama  Railroad 
were  as  follows  : 

1874-5.  1873-4.  187a-') 

Gross  earnlnKB $SM,9>1  $561,275  $483,848 

Neteamlnifs ISSiTM  9S.539  Ml.wa 


OperallDg  expenses $389,186 


$465,695 


$534,870 


*  Deficit— This  Includes  only  sine  months  of  the  year,  darin;;  which  time 
only,  the  road  was  operated. 

Incladin^   the  South   &   North   Alabama   the  net  earningn  on 
trai&c  were  as  follons : 

1874-S.  1878-4.  1872-3. 

Neteamlngs $l,68i,13t  $1,665,981  $1,4*1,017 

The  net  earnings  on  the  road  and  leased  lines  are  subdivided 
as  follows : 

Hiles. 

Main  Btesi 846(18 

Memphis  Branch SSS'IO 

Glasgow  Branch lOX 

Nashville  A  Decatur ISaSO 

South  ai  North  Alabama 18S 


1874-5. 

$1,001,716 

3U0,S20 

8,243 

806.815 

165,734 


1873-4. 

$98S.145 

831,0.17 

6,219 

144,39<l 

95,579 


$1,683,133 


$1,565,382 


ToUl 919  97 

The   results  of  the  operation  of  the  South  &  North  Alabama 
Bailroad  are  shown  below : 

1874-5. 

Net  earnings $16.^,784 

Interest  on  bonded  debt 453,618 


1873-4. 
$95,579 
454,393 


Deficit $287,S83 

Advanced  on  construction 11,802 

Advances,  old  account 78.907 


$358,813 
92,9iti 
116,624 


Total  amount  advanced $378,593  $668,362 

In  coDsideration  of  these  advances  the  South  &  North  Alabama 
Railroad  has  released  its  land  grant  to  the  Louisville  &  Nashville, 
covering  about  450,000  acres  of  Alabama  mineral  and  agricultural 
land,  in  addition  to  its  bonded  claims  against  the  State. 

The  accounts  of  the  Nashville  &  Decatur  Railroad  compare  as 
follows: 

18T4-5.  1873-4. 

Netearnings  $206,215  $144,399 

Interen  and  dividend  paid 229.714  lc8,»88 

Deficit $S3,499 

Former  advances 663,083 


$44,589 
628,841 

Total  advanced  $585,532  $673,430 

For  which  slock  in  the  Nashville  &  Decatur  road  is,  or  is  to  be 

transferred. 

The  following  is  the  profit  and  loss  account  of  the   main   stem 

branches  and  leased  lines  : 

1874-5. 

Balance  at  beginning  of  fiscal  year $9,481,012 

Sundry  credits    773 

Profits  on  railroad  bonds 

Gross  earnings 4,S89,102 


crops,  on  account  of  the  lon(t-continued  dronth  in  the  summer 
of  '74,  were  almost  a  total  failure,  and  the  cotton  crop  was  very 
short. 

The  number  of  tons  of  freight  carried  one  mile  from  and  to 
the  way-stations  on  the  main  stem  were  : 

Doriu!!  1872-73 7.828.4P7 

iJnring  187.5-74 6.184.881 

Dnnng  1374-75 8,680,946 

Nearly  53  per  cent  less  In  1875  than  in   1873. 

On  the  Memphis  line  the  bu&iness  of  the  way  stations  fell  off 
from  10,026,716  ton-miles  in  1873  to  7,129,949  ton-miles  In  1875, 
or  29  per  cent. 

It  is  important  to  note  that  the  business  between  competitive 
points,  while  showing  some  reductioDB,  has  not  so  much  decreased 
aa  the  business  from  the  way  stations,  showing  that  the  compet- 
itive business  of  tlie  road  has  been  maintained.  Thus  on  the 
main  stem,  during  the  last  three  years,  the  number  of  tons  trans- 
ported one  mile  between  Louisville  and  Nashville  were : 

Ial87'^73 98,127,106 

In  1873-74 87,991,808 

Inl874-75 • 89,291,489 

— a  falling  off  of  only  about  three  per  cent  lu  this  year  as  com- 
pared with  1873,  and  an  increase  over  the  previous  year.  This 
favorable  result  is  no  doubt  due  to  the  improved  connections 
established  since  1872  south  of  Nashville. 

The  competitive  bueinesa  of  the  Memphis  line  does  not  show 
qaite  so  favorably.  The  tons  of  this  class  of  business  transported 
over  it  during  the  last  three  jears  were  as  follows  : 

1874-73    25,333,211 

187.3-74 83,408,778 

1874-75 20,661,74* 

— showing  a  reduction  of  1874-75  over  1872-73  of  18  per  cent. 

Considering  that  a  portion  of  the  business  has  been  diverted 
by  new  connections  completed  by  other  railroads,  the  president 
thinks  tliat  tUe  reduction  in  the  amount  of  competitive  business 
of  the  Memphis  line  is  much  less  than|might  have  been  expected. 

The  reduction  in  the  total  tonnage  of  all  the  roads  in  1874-75 
over  1872-73  was  only  14.6  per  cent,  while  the  reducliop  in  the 
gross  earnings  was  nearly  27  per  cent. 

We  find  the  average  revenue  per  ton-mile  in 

187J-73 2  35  cents. 

1874-74 215  cents.    Eednction 4-44percent. 

1874-75 1- 92  cents.    Redaction 1070  per  cent. 


1873-4. 

$1,781,636 

43.895 

506,980 

4,930,490 


$7,263,003 

$3,466,907 

1,131,107 

20,197 

10  ,797 

61,870 

$4,781,970 

$2,481,032 


Total : $6,770,908 

Operating  expenses $2,780,950 

Interest 1,378,550 

Discount 1:56,954 

Loss  on  Nashville  &  Decatnr  Railroad 

buudry  charges 38,214 

Total $4,324,669 

Credit  balance  end  of  year $2,446,239 

The  following  shows  the  company's  financial  condition  at  the 
close  of  the  last  two  fiscal  years : 

LiaSUities. 

1876. 

Capital  stock,  June  30 $8,' 88,301 

Fnudeddebt 17.306  810 

Billspayable 1,627,139 

Due  sundry  persons 307,866 

Bills  and  pay-rolls 288,855 

Back  interest 178,975 

Back  dividends 40,871 

Profit  and  loss 2,446,239 


»8, 


1874. 


Total  lUbilities $31,064,568 

Seeemrcet. 

Total  cost  of  road  to  June  30 $23,798,970 

Due  from  transportation  department 233,617 

Railroad  bonds 2,19.3,188 

Railroad  stock 1,088, -lei 


Bridge  Company  Slock. 

Southern  Palace  Oar  Company  stock 

Railroads  and  persons 

Real  estate 

Sou  h  &  North  Alabami  ER.  Co 

Nashville  &  Deciitur  RR.  Co 

Shop  and  fuel  stock 

Cash 


310.300 
84.000 
244,080 
923,2.57 
718,282 
662.083 
739,298 
174,130 


Total  redaction  since  1872-73 .' 1466  per  cent. 

In  the  passenger  traffic  the  reduction  of  revenue  per  passenger 
carried  one  mile  is  not  so  great.     The  revenue  per  passenger  in 

1871-73 per  mile  was  369  cents- 

1S73-74 per  mile  was  3  77  cents- 

1874-75  per  mile  was  3  67  cents- 

But  the  falling  off  in  the  number  of  passengers  carried  one  mile 
in  1874-75  over  1872-3  is  16.28  per  cent,  about  the  same  as  the 
falling  off  in  the  number  of  ton-miles  of  freight  (14.6  per  cent), 
showing  that  there  are  certain  relations  existing  between  the 
volume  of  passenger  and  freight  traffic. 

The  time  when  the  company  will  be  able  to  resume  the  payment 
of  dividends  depends  altogether  on  the  revival  of  business. 

Since  1872-3  valuable  extensions  and  connections  have  been 
secured,  large  additions  have  been  made  to  the  rolling  stock,  the 
roads  have  been  put  in  firot-class  order,  their  carrying  capacity 
greatly  increased,  and  business  accommodation  improved  ;  but  just 
at  the  time  all  this  bad  been  accomplished,  at  a  large  outlay  of 
money,  a  general  stagnation  of  the  business  of  the  country  took 
»8,984,60l  I  place,  and  the  road  hasnot  been  taxed  since  to  one-half  its  capacity. 
^«  no^'S  '  There  is,  however,  now  a  reasonable  prospect  of  better  times. 
The  crops  of  the  country  are  most  promising,  confidence  is  being 
restored,  there  is  a  hopeful  feeling  among  the  people  that  the 
worst  is  over  and  that  the  tendency  is  upward. 

Railroad  companies  live  forever.  It  would  be  a  short-sighted 
policy  to  look  only  to  the  profits  of  the  next  day  or  year.  The 
managers  of  these  great  enterprises  must  look  into  the  far  future, 
and  stockholders  must  be  prepared  to  make  temporary  sacrifices 
in  order  to  secure  the  permanent  value  of  their  property. 

Nashville  Chattanooga  &  St.  Lonis. 

(For  the  year  ending  June  30, 1875). 

This  company  owns  a  line  from  Chattanooga  to  Nashville,  and 
tbencfi  to  tbe  Mississippi  River  at  Hickman.  Ky.,  in  all  321 
miles,  with  branches  from  Bridgeport,  Ala.,  to  Jasper,  Tenn.,  13 
miles,  and  from  VVartrace,  Tenn.,  to  Shelbyville,  9  miles,  making 
342  miles  in  all. 

The  property  is  represented  as  follows : 

Stock  i$19,-223  per  mile) *S'mn 

Funded  debt  {tl9,t83  per  mile) 6,800.000 


2,09o,3-|4 

346.816 

432,118 

90.927 

45,910 

2,431,032 

$J9,233,76a 

$23,691,299 
293,19) 
283,11-8 

1,07.3,  J  81 

363,SG0 

81,000 

174,115 

115,808 

1,111,250 
5'38,841 
926,605 
689,476 

$29,233,762 


Totala«sets $31,064,568 

In  all  the  foregoing  statements  we  have  omitted  the  cents  from 
each  item,  and  the  sums  or  remainders  are  reported  in  round  num- 
bers from  the  official  returns. 

The  Pref  ident's  report  says :  In  comparing  the  results  of 
the  operation  of  the  road  for  the  last  three  years,  the 
fiscal  year  1872-73  is  used  as  a  basis  for  comparison,  it 
being  the  year  preceding  the  one  in  which  the  panic  oc- 
curred and  in  which  the  business  of  the  company  was 
the  largest.  The  traflfic  during  tbe  fiscal  year  following  (July , 
1873,  to  July,  1874,)  was  only  partly  affected  by  the  panic;  the 
full  effect  of  the  stagnation  of  trade  all  over  the  country  was 
not  realized  until  the  past  fiscil  year,  during  which  the  business 
of  the  road  has  been  tbe  lightest  as  compared  with  the  two  pre- 
ceding years. 

But  in  addition  to  the  causes  which  operated  generally  and  so 
unfavorably  upon  tbe  railroid  interests  of  the  country,  others  of 
a  local  nature  added  much  to  the  depression.     The  crops  along  | 

the  line  of  our  own  roads,  and  from  the  movement  of  whicb  the  r     Total  expenses $1,161,954  45 

company    derives   so   large   a   portion  of  its  revenue,  were   un-    Net  earnings     — •-,-,••-    **'!I'f,!J  ™ 
,1       i_      .     ^1       ..   u  *  .1    J    ^  i      i         i_  (4ros8  earnings  per  mile..  4,914  70 

usually  short ;  the   tobacco   crop   failed  to  an   extent   unknown    j^^^  ^j^^ing,  per  mile 1,646  41 

since  the  road  has  been   in   existence  ;  the  wheat,  corn  and  hog  '  per  cent  of  expenses '68.53 


To^al  ($39,109  per  mile) $13,375,295 

The  annual  interest  charge  is  $446,000,  or  $1,304  per  mile. 

For  the  year  ending  June  30  the  earnings  and  expenses  of  the 
road  were  as  follows  : 

Earning!.  1874-75. 

From  freight $1,1-28,171  21 

Passengers 488.782  43 

Mails 38,608  92 

RenU 25,263  63 


187.3-74. 

$1,281,548  96 

527,477  65 

38,805  64 

26,802  52 


Inc.  or  Dec. 
Dec..$155,37.'i  75 
Dec. .      38,695  42 
Dec.  196  72 

Dec.       1.633  89 


P.  c 
12.1 
7.3 
0.5 
6  7 


Total  earnings $l,680,8ii6  19    $1,876.632  97    Dec. $195,806  78    10.4 


Expense!. 

Maintenance  of  way 

Motive  power 

Mtiintentnce  of  cars 

Condacting  transportation 
Miscellaneous  expenses . . 


$?46,-243  69 

317,4 '.8  33  1 

121.995  45  (■ 

886,718  72 

80,478  26 


$449,161  80    Dec. 
485.377  93    Dec 


823,569  87 
85,657  72 

$1,343,757  32 

$5.i2,8"5  65 

6,487  23 

i,i!>6  12 

71.60 


Dec. 
Dec 


$102,918  II 

46.864  15 

36,841  15 
6,179  46 


Dec. $191,812  87 
Dec.  $4,003  91 
Dec.  572  53 

Dec.  ll  71 

Dec.  3  07 


2i.9 

9.7 

11.4 
6.0 

14.3 
0.3 

10.4 
0.8 
4.8 


October  16, 1875.3 


THE  CHRONICLE 


371 


There  wms  a  lerioiu  lom  of  business  caased  by  the  injury  done 
to  U>e  road  by  the  extrsordioarj  floods  ol  last  year,  which  alro 
inenaaed  the  azpensea  by  f29|5Sl  60  in  repairs.  Light  crop*  in 
Teoaesaee  also  diminished  tin  receipts,  bat  the  greatest  eaase  of 
the  (all ini{  off  was  the  continuance  of  low  rates  cansed  bj  too 
active  competiiion.  Material  reductions  were  male  last  year  in 
Mlariea  and  other  expenses,  and  the  road  has  been  worked  with 
the  strictest  economy,  aa  is  ahown  by  the  redaction  in  expenses. 
There  was  an  actual  increase  in  the  tonnafa  carried  of  5.954  tons. 
The  months  ol  July  and  Auicust,  the  first  two  of  the  current 
year,  show  an  increase  of  |36.819  43  in  net  eamlogs. 
The  report  says : 

"  Three  additional  spans  (308  lineal  feet)  of  the  Tennessee  River 
bridge  at  Bridgeport  have  been  replaced  with  iron  spans,  Fiolv 
trianfn>lar  trass,  oa  moat  favorable  terms,  at  a  cost  of  $30,138  33, 
which  will  be  paid  for  during;  this  fiscal  year.  The  amount  i^ 
Included  in  the  bills  payable  account.  There  is  also  included  in 
that  account  an  item  of  $30,000  of  annuity  obligations  which  run 
for  twenty  years  ($1,500  of  which  is  paid  annually  and  charged 
to  operatio^r  expenaes),  obligations  growiuAT  out  of  the  Harpeth 
acddeol  in  July,  1871.        ••.•••  •        • 

"  Tbe  company  has  enouith  locomotive  enftines  and  cars  to  do  a 
largely  ioeraaeed  bociuess,  and  the  track  on  both  divisions  of  your 
line  is  in  good  order. 

"  Having  given  the  steel  rail  a  fair  test  with  the  iron  rail  In  the 
yards  at  Nashville,  the  ase  of  tbe  steel  rail  on  the  Chattanooga 
Division  has  been  determined  on,  and,  while  its  first  cost  will  atld 
eooslderably  to  the  cost  ol  renewing  the  track,  the  renewal  will 
be  giadaal,  and  when  once  accomplished  will  save  largely  in  the 
road  r  pair  account. 

"  The  promise  of  mineral  developments  along  the  line  of  the 
Chattanooga  I>ivision  and  the  erection  of  iron  works  are  encoura/- 
log,  and  consiilrrable  will  be  done  in  that  direeiioD  as  soon  aa  the 
country  entirely  recovers  irom  the  effeeta  of  the  panic  of  1S73,  and 
a  more  healthy  commercial  feeling  is  restored.  •  •  • 

"  Tbe  suit  brooght  in  December,  180B,  by  the  McMlnoTlIle  & 
Msnetester  Bailfoad  Company  against  the  NashvUle  k  Chatu- 
■nn|>  BaUroad  Coapany  for  iron  taken  frtmi  their  road  by  the 
Faoanl  anthority  daring  the  war,  and  placed  on  the  Nashville  & 
Chattanooga  Railroad,  haa  been eompmmiMd  aod  settlad.  Bv  the 
terms  ol  the  settlement  the  MeMionville  A  Manchester  Railroad 
Company  tnnsferred  and  aaaigned  toyoar  company  alt  of  Its  right, 
title,  lotereat  and  claim  agataat  tbe  United  States  |  for  said  iron. 
ke^  amoaatiog  to  $ — — .  Whatever  qaaniitr  of  that  iron  ma; 
Imva  baaa  pat  down  on  your  road  by  the  Federal  Oovemmeni,  ao 
aqaal  qoaatity  of  yonr  iron  was  taken  up  and  sold  by  the  Govern 
ment.  Besides,  tbe  settlement  between  yonr  company  and  the 
Federal  Uuvemment,  made  on  tbe  first  of  Jiuie,  1872,  eorered  all 
Ifca  then  la  yoar  track,  and,  therefore,  any  Iron  so  placed  in  your 
track  by  officers  of  tbe  United  States,  was,  in  that  way,  paid  for 
by  jour  company." 

After  referring  at  length  to  tbe  evils  resolUog  from  the  great 
competition  for  through  buainefs,  and  to  tSe  a<J  vantages  poaaeateil 
by  the  rood  ss  to  Wealera  aad  Northweatem  eoooectloos,the  I'tMi. 
dent  >ays:  "The  61  Ixnils  Division  of  your  line  is  comparatively  > 
new  road,  sad  as  yet  hss  eontribated  bat  little  to  tbe  net  eamlnE> 
of  oar  company,  bat  wbea  the  same  improtement  and  tAnrt 
along  Its  way  ara  developed,,  aa  ara  seen  oo  the  cWatlaaooga 
Divleloa  (which  Impiovement  mast  come  giadaally),  iba  avarage 
croos  aad  net  (amiogs  of  the  line  will  ba  laersassJ,  aa  aellher 
oivisioa  eaa  have,  for  many  years  to  eooM.  man  r$munUU$n  than 
thar  kad  last  year.        see 

"  tiomlad  aa  yonr  liaa  la  for  tbroagb  baslasw ,  sad  with  Its  good 
local  baslasw  on  the  Cbattaaooga  Divisioo,  aad  with  a  reasooablr 
pnwpact  nf  an  Inersaaa  of  loeal  and  tbroogli  boatnosa  oo  tha  St 
Looia  Division,  It  MHtnmtin  Inflaaeea  Ta  the  maiataaaaee  ol 
nat^maUs  snd  ri'iaaasraWss  rales  prevails,  worklac  >■  harmony 
with  oar  Importaal  anaaseilona.  It  aaa,  to  my  mlad.  a  vorr  hopeful 
f  stare,  and  m*y  ba  ando  to  pay  roaaooabla  aad  r^golar  alTtoaads 
to  lu  stock boldera." 


Chesapeake  &  Ohio.— Judge  Bond,  of  tbe  United  Sutes  Cir- 
cuit Court,  fitting  in  chambers  at  Richmond,  Vs.,  on  Saturday. 
Oct.  9,  appointed  Mr.  Henry  Tyson,  of  Baltimore,  receiver  of  tlie 
Chesapeake  and  Ohio  Railroad.  The  Baltimore  Sun  says :  On 
that  day  E.  L.  Andrews,  counsel  for  certain  holders  of  the  first 
mortgage  bonds  of  the  Chesapeake  and  Obto  Railroad  Company, 
filed  a  petition  in  the  Circuit  Court  of  tbe  United  States,  then  in 
session,  praying  the  appointment  of  a  receiver.  In  the  interval  of 
two  or  three  bours  alter  the  petition  was  filed.  Gen.  William  O. 
Wiekham,  Vice  President,  and  Judge  W.  J.  Robertson  and  H.  T. 
Wlekham,  counsel  for  the  railroad  company,  applied  to  Judge 
Bond  for  a  modification  of  the  proposed  order  for  the  appointment 
of  a  receiver,  but  the  Judge  granted  the  following  order,  the 
parties  being  Albert  F.  Richards  et  al.  vf.  the  Chesapeake  and 
Ohio  Railroad  Company,  William  B.  Duncan,  P.  C.  Calhoun  and 
W.  K.  Kitchen : 

"Upon  the  reading  and  llllni;  of  the  petition  of  the  compltlotnt*  herein 
O'ed.  •ettlnx  ror.h  that  Jadgnunu  bare  been  obtained  and  are  now  outstand- 
lag,  aad  ezecatlona  taava  been  iMued  agaloft  tho  Chsaapcake  A  Ohio  Rail- 
raad,  aad  that  portions  of  the  propertjr  nare  been  seised  and  an  about  to  be 
•oM,  and  that  eartala  c'alms  of  priorltj  to  theflnt  mortiiaKe  ■ecnring  com- 
plalBSals'  bonds  have  been  Instllntsd  and  action  haa  been  taken,  and  It  in 
daagw olMac agala  takes,  to rell  certain  poriioca of  complainanta'  morigage 
enais  tbereander,  aad  that  the  exiatenc*  of  anr  anch  claim  of  prior  lien*  or  of 
aay  nch  aapcclar  morifcage  Is  not  cootained  In  tbe  mortgage  for  the  nae  of 
coopialaaata,  aad  In  all  the  paper*  and  proceedings  herein,  and  on  motion  of 
Edward  L.  Andrew*,  complainants'  aolldtor, 

"It  I*  ordered  that  Renry  Tjaon,  of  the  dtv  of  Baltimore,  be  appointed 
recsivaraf  th;  tolla.  Incnme.  franchlaea,  and  all  the  propertj  of  the.Cheaa- 
peake  sad  Ohio  Rallnud  Compaoj,  witn  the  otnal  power*.  And  the  said 
Baary  Tnon  la  directed  to  enter  npon  Immediate  poaaeaalon  of  the  road, 
aftarglvinc  bond  for  $90,000  for  the  falthfal  performaaee  of  his  datle*. 

"Ilia  defandania  In  iho  -ult,  aa  well  aa  the  ofllosts,  derka,  amenta,  leasees, 
Ac.  are  ecdared  to  aafreoder  Immediate  poaaasslon  of  the  road.  It*  propertv, 
—  Ac.  to  the  tatd  Hanrr  Traon.  hia  ageala  Ac.,  and   the  aald  receiver  la 


OENERAI.   INVESTMENT    NEWS. 

Baltiaare  M  Oklo— The  Baltimore  Bun  «ys :  Ko  dividend 
baa  been  declared,  it  appears, for  (he  paat  six  moathaoa  tha  stock 
of  tho  Washington  Branch  of  the  Baltioiore  *  Ohio  Railroad,  cno 
trary  to  the  practice  for  the  like  periods  daring  many  years  past 
Tbe  vary  Urge  amount — over  $400/100— which  tha  eoamany  had 
to  pay  to  the  Slate  sofr.e  time  since,  under  jadgtasot  of  the 
enona,  ^wliich  was  a  charae,  of  coarse, agalnat  the  eaniags  of  tin- 
Washington  Branch  ool;),  as  tbe  one  fifth  of  tbe  pa««ager  fare* 
for  several  years,  is  inferred  to  be  the  caaaa,  if  there  ia  to  ba  an 
oailasloa  of  the  dividend.  TbereareothersallapaBdiacfortbellke 
oae-flfth  to  tbe  State  for  several  sobaeqaeat  years.  TTia  sabject 
of  this  action  will  prol>ably  come  before  tM  Legislatma  at  iu 
next  stasioo  in  connection   with    the  other  niltood  qoeations 


orderad  to  bold  sad  aulslaln  the  road  In  operation  nntll  farther  order*  of  the 
eosit.  The  r«e*lTer  I*  nrd*red  to  file  eveey  two  week*  a  report  of  recelota 
sad  dlsbaratmoit*  of  ibe  reeelTerehIp,  ana  of  the  condition  of  the  propertv 
ef  Ibe  road. 

"  It  I*  fartbar  ordered  that  the  proesed*  arlalcg  from  the  operation  of  tb* 
road  ahall  ba  dapodted  la  bank,  and  ahall  not  be  drawn  npon  except  for  the 
porvtiac*  of  the  rasd. 

"11  is  Itkewi**  ordered  that  the  racelvar  eball  have  power,  •coordln^'  to  the 
prsstfssef  «oaru  of  eqalty.  ta  apply  to  the  coort  Irom  tine  to  time  for  anch 
sisMralliiB*  ct  tbl*  oidar  a*  may  be  daemsd  aaoaaaary  tor  tbe  more  prompt 
sal  efldast  opcfstlon*  of  the  railroad." 

Immedlatelv  alter  this  order  waa  issued  Mr.  Tr^on  filed  his 
bond  in  the  sum  of  $50,000.  with  James  E.  Tyson,  George  Small, 
Jr.,  asd  Waahingtoo  Booth,  of  Baltimore,  as  sureties,  and  waa 
formally  and  immediately  placed  in  poaaession  of  the  road.  It  ia 
slatad  that  Judge  Bond  had  already  set  the  ease  down  tor  hearing 
OB  Iha  23 1  lost,  and  that  the  appointment  of  a  receiver  in  tha 
meantime  waa  a  surprise  to  the  counsel  of  the  company.  The 
plaintiffs  are  A  F.  Ricbards,  Charlotte  E.  Clark  and  Morris  Lowen. 
thai,  of  New  York,  who  claim  to  represent  $130,000  bonds,  the 
defeodanta  denying  this,  and  statinir  that  they  represent  only 
$SOjOOOootof  li.'i.OOO.OOO.  .Messrs.  Kiak  &  Hatch,  the  financial 
ageats  of  the  road  in  this  city,  say  that  tbe  holders  of  $13,000,000 
of  the  first  mortgaire  bonds  have  already  signified  their  intention 
of  jnioing  the  atnckhoMers  on  the  Hi  Inst,  in  an  attempt  to  ob- 
tain a  modification  of  Judge  Bond's  decree  and  the  appointment  of 
a  receiver  representing  the  majority  of  stock  snd  bondholders. 

CUea$0  Jf  ilwaakee  t  St.  Paal.— The  Farmers'  Loan  &  Trust 
Ooaipaay,  trostae,  will  receive  proposals  atitaofflo^n  New  York, 
fp  to  BOoa  of  Oct.  25,  lur  the  sale  and  dellverv  on  Oct.  80  of  100 
sseoad  Bortgage  bonds  of  tbe  Milwaukee  ft  St.  Paul  Company,  of 
$1/100  aaeh.  oo  aeeoaat  of  the  ainking  fund,  afi  provided  In  the 
ootlgaga.  The  nroposals  will  be  opened  Oct.  35,  and  due  notice 
of  the  award  wilt  he  sent  by  mail. 

CiMciauU  BackMrt  *  goaUwestern.— It  is  slated  that  this 
company  haa  saeared  the  aaoaey  aeeeerary  to  comiilete  the  road 
fl««  tbe  prasant  termlaos  at  Ferdinand,  Ind.,  to  Jasper.  The 
etwtmct  for  tbe  grading,  ties  aod  track-laying  has  been  let  to 
Doai^aa  4  Doty,  of  Columbus,  O. 


I A  New  Tork  Air  Uae. — Tbe  Qoreraiaf  ComaHtaa  of 
w*  Block  Exchange  have  added  the  followlaf  aaw  •searllloe  to 
tho  BMfaaoge  list :  Five  hnndred  $1,000  first  mortaaM  beads  of 
the  Boston  k  New  Tork  Air  Line  Railroad  Coapan7riUaad  Aug 
1.  1875    In  aeeordaaee  with  a  resolution  of  tbe  stockholders 

St'^i'..^'  l'*'-  '•  '  •?«'•'  °"«»'«"ir  wIM  «or  that  purpose 
The  bond*  tear  interm  at  the  rate  of  sovoa  par  -seat,  payable 
Aug.  1  and  Feb,  1.  and  the  prindral  Aug.  1.  ISto,  lo  the  dty  ol 
Hew  York,  are  coapooa.  and  numbered  from  1  to  500  inelasive 
Under  the  iport|^g»,  the  company  may  redeem  the  bonds  at  snr 
time  by  giving  tix  mnths'  notice  snd  paying  a  premium  of  |i» 
Der  cml.  The  bonds  will  be  known  aa  Boston  *  New  York  Ai 
Line  arst  aortgaga  •^'   • 


Air 


Brie. — The  foUowlag  la  la  relareaee  to  tbe  new  arrangements 
for  a  (Hiicaco  coaaacUoa  by  tha  Brie  Railway : 

Tbe  Erie  Railway  had  a  connection  with  the  Michigan  Central 
Road,  by  which  through  cars  were  sent  direct  to  New  York  and 
Chicago.  Both  roods  used  Pallmao  palace  cars.  C-ommodore 
7aaderbilt  holds  a  controlling  interest  In  the  Wagner  Palace  Car 
Ooaipaay.  the  rival  ai  the  Pullman  Company,  The  contract  of  tha 
Midllgaa  Central  Company  with  the  Pullman  Palace  Car  Company 
esplras  on  Nov,  I.  Instead  of  renewing  it  they  unexpectedly  made 
a  eoatiaet  with  the  Wagner  Company.  The  Wagner  Company  at 
oaea  made  an  olTcr  to  furnish  their  ears  on  very  favorable  terms  to 
the  Mrta  BalWray  Company.  Tlie  Erie  nfficials,  however,  declined 
thaoflbr  and  have  estaliliahed  a  new  through  line  from  New  Yora 
to  Chicago  by  way  of  Cleveland.  The  new  line  will  run  from  New 
York  over  the  Erie  rnad  lo  Salamanca  ;  from  Salamnnr-a  to  Cleve- 
land over  the  Atlantic  k  (ireat  Western  road  ;  from  Cleveland  to 
Shelby  Junction  over  the  Cleveland  Columbus  Cincinnati  ft  Indian- 
apolis Railroad,  aod  Irom  Shelby  Junction  to  Chicago  over  the 
Cnicago  Uivislon  ot  '.he  Baltimore  ft  Ohio  Railroad. 

Oenaral  Superintendrnt  Bowen,  Vice-President  Blancbard  snd 
flasaral  Paareoger  Agent  Abbott,  of  the  Erie  road,  lately  had  a 
MMfcraeee  in  Chicago  with  representatives  of  the  Atlantic  ft 
Oraal  Western,  Cleveland  Columbus  Cincinnati  ft  Indianapolia 
aad  Baltimore  ft  Ohio  Railroads,  whan  the  time  tables  were  ar- 
ranged and  better  accommodations  than  those  now  possessed  by 
tha  Baltimore  ft  Ohio  Railroad  decided  upon.  A  contract  has 
baan  trade  with  Mr.  Pullman  to  run  hia  palace  eara.over  the  new 
line  after  the  I*t  of  November,  when  hia  eon'.ract  with  tbe 
Michigan  Cnntral  Road  expire*.  The  Erie  Company  will  run  two 
lines  iif  the  Pullman  hotel  caches  aod  palace  car*  daily,  leaving 
thla  city  al  9  A.  M.  aod  7  P.  M.,  and  tbe  conference  waa 
for  the  purpoee  of  settling  the  details.  The  Erie  Company  will 
eoDtiaao  to  send  pasaengers  by  the  old  roate  by  way  ojf  Sospen- 


872 


.THE  CHRONICLE 


[October  16, 1875. 


BioD  Bridge  and  the  Michigan  Central,  but  their  sleeping  cars  will 
only  run  part  of  the  way.  It  is  stated  that  this  competition  will 
not  affect  rates.  The  four  great  trunk  lines  have  recently  bound 
themselves  to  maintain  them,  and  the  dividend-paying  lines  are 
especially  adverse  to  another  losing  "  war."  Freight  rates  on 
grain  and  fourth-class  freight  between  this  city  and  Chicago  have 
both  been  recently  raised  to  forty  cents,  an  advance  of  ten  cents 
per  hundred,  and  railroad  officials  say  that  sixty  cents  will  be  the 
standard  as  soon  as  navigation  clones.  The  lollowing  new  cotton 
rites  have  gone  into  effect  between  Memphis  and  tke  East :  From 
Memphis  to  Now  York,  90  cents  ;  from  Memphis  to  Boston,  i)5 
cents ;  from  Cairo  to  New  York,  62  cents  ;  from  Cairo  to  Boston 
and  Boston  points,  67  cents.  '  The  cotton  must  he  compressed  so 
that  20,000  pounds  can  be  loaded  on  a  car,  otherwise  higher  rates 
will  be  charged. 

Georgia  Central.— The  earnings  of  the  Georgia  Central  Rail- 
road and  its  branches,  for  the  year  ending  August  81,  were  #2,- 
945,717,  and  the  expenses  for  same  period  $1,708,257,  leaving  the 
net  receipts  $l,2a7,-100— a  gain  of  1190,897  over  the  net  receipts 
of  the  previous  year.  The  condition  of  the  road  is  represented  to 
be  as  good,  if  not  better,  that  at  any  period  since  the  war. 

Great  Western  Telegraph. — Mr.  O.  H.  Horton,  receiver,  hag 
filed  a  report  with  the  court.  He  says  the  lines  are  in  fair  work- 
ing order,  the  total  receipts  since  Oct.,  1874,  being  $33,436  03,  and 
the  total  expenses  $33,156  37.  The  Western  Union  Company,  to 
■which  the  greater  part  of  the  lines  are  leased,  claims  about  $10,000 
from  the  company  on  various  accounts,  and  there  are  other 
accounts  against  the  company,  bringing  the  total  amount  up  to 
about  $23,500.  The  receiver  states  that  the  leases  with  the 
Western  Union  Company  expire  in  January  next,  and  advises  that 
the  whole  lines  of  the  company  be  sold  to  pay  its  debts. 

Lake  Superior  &  Migsissippl.— A  special  telegram  to  the 
Chicago  InterOeean  from  St.  Paul,  Minn.,  Oct'.  13,  says:  "The 
Minnesota  Supreme  Court,  through  Judge  Young,  promulgated 
the  decision  last  December  that  the  Lake  Superior  &  Miesissippi 
Bailroad  Company  were  without  a  legal  charter.  The  decision 
was  occasioned  by  a  suit  of  Oliver  Ames,  brought  against  the 
company  to  ))revent  the  condemnation  of  some  property  desired 
by  the  railroad  company  in  1857.  The  Territorial  Legislature 
chartered  the  Nebraska  &  Lake  Superior  Railroad  providing  for  a 
line  from  Lake  Superior  to  Nebraska.  No  company  was  formally 
organized  under  this  act  ;  but  in  1861  it  was  amended  by  +he 
State  Legislature,  and  under  the  amended  law  the  Lake  Superior 
Company  was  organized.  Judge  Young  decided  the  Territorial 
act  unconstitutional,  carrying  with  it  the  amendment.  A  re- 
hearing was  granted,  and  the  case  was  re-argued  last  spring.  Tbis 
afternoon  a  decision  was  filed  by  the  Court,  all  agreeing,  reversing 
the  former  decision  and  declaring  the  charter  valid." 


Northern  Pacific. — A  notice  issued  from  the  President's  office, 
October  6th,  says  that  bonds  of  the  Northern  Pacific  Kailroad 
Company  will,  until  further  notice,  be  received  at  par  for  this 
Company's  lands  in  Minnesota  and  Dakota,  comprising  several 
millions  of  acres.  Receipts  of  the  Farmers'  Loan  and  Trust  Com- 
pany of  New  York  for  surrendered  bonds  will  be  accepted  in 
exchange  for  such  lands,  at  the  per  of  the  preferred  stock  to 
which  the  holders  are  entitled.  The  current  market  price  of  tlipse 
securities  brings  the  cost  of  good  IsndsJ  to  less  than  one  dollar 
per  acre. 

All  inquiries  respecting  lands  should  be  addressed  to  James  B.  ] 
Power,  Esq.,  General  Agent,  Brainerd,  Minnesota.  Information 
can  be  obtained  at  this  Company's  offices  in  New  York  or  St.  Paul, 
and  at  the  office  of  C.  D.  Barney  &  Co.,  114  South  Third  street, 
Philadelphia,  or  at  the  office  of  George  William  Ballou,  73  Dev- 
onshire street,  Boston. 

The  Trust  Company's  receipts  offered  in  payment  for  lands  mus(t 
be  first  indorsed,  wiih  a  certificate  of  the  amount  of  preferred 
stock  to  which  the  holder  is  entitled,  by  the  Treasurer  of  this 
Company,  at  No.  23  FiUh  Avenue,  New  York,  to  whom  the 
receipts  may  be  presented,  or  mailed,  for  that  purpose. 

Ohio  &  Mississippi. — At  the  annual  meeting  of  stockholders 
in  Cincinnati,  on  the  14th  inst.,  an  election  was  held  for  directom 
to  fill  the  vacancies  caused  by  the  resignations  of  J.  D.  Prince 
and  F.  Schuchardt,  and  the  death  of  S.  U.  F.  Odell,  and  in  place  at 
the  directors  retiring  by  rotation,  the  following  were  elected 
Directors:  D.  Torrance,  J.  Pierpont  Morgan,  Robert  Garrett, 
Frank  W.  Tracey,  Theodore  G.  Meier  and  Charles  L.  Beecher. 
Mr.  A.  N.  Chrystie  resigned  his  office  of  Vice-President  and 
General  Superintendent,  and  E.  H.  Waldron,  of  Lafayette,  Ind., 
was  appointed  General  Superiniendent.  The  Finance  Committee 
in  New  York  consists  of  D.  Torrance,  John  King,  Jr.,  J.  Pierpont 
Morgan,  Sir  A.  T.  Gait,  and  Robert  Garrett.  The  meeting  w^s 
harmonious,  and  unanimously  ratified  the  purchase  of  the  Spring- 
field and  Illinois  Southeastern  Railroad. 

— Mr.  Allan  Campbell,  surviving  trustee,  gives  notice  that  a 
meeting  of  the  holders  of  the  first  consolidated  mortpage  bonds 
will  be  held  at  his  office.  No.  71  Broadway,  New  York,  Jan.  7, 3876, 
at  13  noon,  for  the  purpose  of  electing  a  trustee  under  the  mort- 
gage in  place  of  Samuel  U.  F.  Odell,  deceased.  At  the  same  time 
and  place  a  meeting  of  holders  of  the  second  consolidated  mortgage 
bonds  to  choose  a  trustee  under  that  mortgage,  also,  in  place  of  Mr. 
OdeU. 

Pacific  of  MisRonri. — Tuesday  afternoon,  a  conference  between 
the  stockholders  o'  the  Missouri  Pacific  and  the  directors  of  the 
Atlantic  &  Pacific  companies  was  held.  The  directors  submitted 
a  statement  of  the  financial  condition  of  the  two  companies,  and 
the  net  results  of  the  operations  of  the  Missouri  Pacific  tor  the 
past  three  years  and  three  months.  Tliis  report  they  declined  to 
give  for  publication,  but  it  is  understood  that  they  claim  that  the 
Missouri  PaciSc  has  not  been  profitable  for  the  Atlantic  &  Pacific 


to  operate.     They  further  declared  that  they  had  no  money  and 
could  not  pay  the  advertised  dividend. 

These  statements  were  not  satisfactory  to  the  Missouri  Pacific 
stockholders,  and  a  committee,  consisting  of  James  B.  Colgate, 
A.  B.  Baylis,  W.  T.  Hatch,  C.  F.  Timpson  and  Jacob  Cromwell, 
was  appointed  to  investigate  the  condition  of  affairs,  and  report 
their  views  as  to  the  further  relations  of  the  Missouri  Pacific  and 
the  Atlantic  &  Pacific  railroads.  After  the  conference,  the  direc- 
tors of  the  Atlantic  &  Pacific  company  met  and  ordered  the  treas- 
urer not  to  pay  any  dividends  declared  on  Missouri  Pacific 
until  further  orders. 

— In  the  year  1872,  the  Missouri  Pacific  Railroad  Company 
leased  for  thirty  years  the  St.  Louis  Lawrence  &  Denver 
Bailroad,  a  short  line  running  from  Pleasant  Hill,  Mo.,  to 
Lawrence,  Kansas,  the  consideration  being  that  the  St.  Louis 
Lawrence  &  Denver  Company  should  issue  $1,000,000  of 
first  mortgage  bonds  to  complete  the  road,  the  interest  on  the 
bonds,  $60,000  per  annu-a,  to  be  paid  by  the  Missouri  Pacific 
Company  as  rental  for  the  road.  The  bonds  were  issued  and  sold 
to  the  public,  and  it  was  afterwards  claimed  that  the  St.  Louis 
Lawrence  &  Denver  Company  had  violated  their  part  of  the  lease, 
and  the  Missouri  Pacific,  on  its  part,  refused  to  pay  the  interest 
on  the  bonds.  Suit  was  first  brought  by  the  lessor  against  the 
lessee,  but  as  the  rental  was  assigned  at  the  time  of  making  the 
lease  to  the  Union  Trust  Company  of  New  York,  as  trustee  for 
the  bondholders,  and  subsequently  the  Missouri  Pacific  Railroad 
and  its  branches  were  leased  by  the  Atlantic  &  Pacific  Railroad 
Company,  it  is  claimed  that  the  latter  company,  in  conjunction 
with  the  St.  Louis  Lawrence  &  Denver  Railroad  Company, 
rescinded  the  contract  for  paying  the  $60,000  rental  without 
consent  of  the  Trust  Company.  I'he  former  suit  has,  therefore, 
been  discontinued,  and  suit  instituted  in  the  United  States  Circuit 
Court  by  the  Union  Trust  Company  against  the  Missouri  Pacitio 
Railroad  Company  to  recover  the  amount  claimed  as  due. 

Petersburg. — The  Virginia  Cirjuit  Court  has  granted  an  in- 
junction restraining  the  city  of  Petersb'irg  from  selling  3,500 
shares  of  stock  in  the  Petersburg  railroad,  owned  by  Reuben 
Ragland,  and  held  by  the  city  as  collateral  security  for  the  amount 
of  a  claim  against  Ragland. 

The  injunction  was  granted  at  the  instance  of  Reuben  Ragland, 
who  claims  that  the  Seaboard  &  Roanoke  Railroad  Company  and 
the  authorities  of  the  city  of  Petersburg  have  conspired  to  depre- 
ciate the  stock,  they  knowing  that  they  are  likely  to  be  bidders 
for  the  same  if  sold  in  bulk. 

Plymouth  Kauliakee  &  Pacific. — In  the-  case  of  Hanna  n  al 
vs.  this  company,  an  order  has  been  entered  appointing  Phineas 
M.  Kent,  receiver  of  the  road,  and  giving  him  authority  to  obtain 
from  Jay  Cooke,  McCullocb  &  Co.,  or  whoever  may  be  the  guar- 
I  dians  of  the  same,  all  the  unsold  bonds  of  the  company,  and  a 
receipt  for  the  same  to  the  custodians. 

Portland  Saco  &  Portsmouth. — A  meeting  of  the  Directors  of 
the  Portland  Saco  &  Portsmouth  Bailroad  was  held  in  Ports- 
mouth, N.  H.,  on  Monday,  when  the  Directors  voted  to  call  a 
meeting  of  the  stockholders  of  the  road  at  an  early  day  for  the 
purpose  of  considering  the  relations  of  their  road  to  the  Eastern. 
The  Directors  also  voted  to  recommend  that  the  stockholders 
reduce  the  rental  paid  by  the  Eastern  from  10  per  cent,  to  6  per 
cent,  per  annum.  The  train  service  on  the  Eastern  Railroad  has 
been  reduced  over  a  thoueand  miles  a  day  within  the  past  fort- 
night. 

Toledo  Peoria  &  Wiirsair. — A.  L.  Hopkins,  receiver  of  the 
Toledo  Peoria  &  Warsaw  Railway,  filed  his  report  in  the  United 
States  Circuit  Court,  for  August  and  September,  as  follows  : 

Balance  Aug.  1  |166,40«  44 

Receipts  forAuq 14B,4a3  53 

Receipts  for  Sept 186,.M1  79 


Total  receipts tZiSAil  76 

Expenditures  for  Ang $lS",ni3  20 

Expenditures  for  Sept 173,518  37 

■«99,531  57 

Balance  on  hand $49,896  19 

Of  the  receipts,  $170,415  07  were  on  account  of  local  freight 
and  $80,747,92  on  account  of  local  passenger  traffic.  The  report 
was  referred  to  the  Master  In  Chancery  for  examination. 

Union  Pacific. — The  Supreme  Court  of  the  United  States 
began  its  October  term  on  the  llth.  At  the  instance  of  Attorney 
General  Pierrepont,  the  26th  inst.  was  set  for  the  argument  of  an 
appeal  by  the  United  States  from  the  decision  of  the  Court  of 
Claims,  the  latter  having  made  a  decision  favorable  to  the  claim 
of  the  Union  Pacific  Railroad,  on  account  of  transportation. 
Attorney  General  Pierrepont  appears  for  the  United  States,  and 
Sidney  IJartlett  of  Boston,  and  E.  W.  Stoughton  of  New  York, 
represent  the  Company. 

Western  Union  Telegraph. — The  following  bonds  have  been 
placed  on  the  Stock-Board  list : 

Four  million  dollars  of  Western  Union  Telegraph  bonds,  dated  | 
May  1,  1875,  payable  twenty-five  years  from  date,  bearing  interest 
at  7  per  cent,  payable  semi-annually  on  the  first  days  of  May  and 
November  in  each  year.     Redeemable  by  sinking  fund  of  one  per 
cent  per  annum — bonds,  $1,000  each,   Nos.   1   to   3,899   inclusive, 
coupon  ;  Nos.  i  to  101  inclusive,  registered.     Coupon   bonds  con- 
vertible into  registered.     Both  coupon  and  registered  bonds  con- 
vertible into  stock  at  par  on  first  days  of  May  and  November  up 
to  May  1,  1885.     Bonds  countersigned  by  the   Union   Trust  Com- 
pany of  New  York,  trustee.     The  statement  of  the  company's] 
condition  has  been  published.     The  bonds  will  be  known  as  West- 
ern Union  Telegraph  bonds  of  1,900,  coupon  and  registered.  Their  I 
proceeds  are  intended  to  pay  the  seven  per  cent  currency  bonds  of  J 
the  company,  due  Nov.  1, 1875,  and  to  liquidate  the  cost  of  the  I 
Broadwa"  and  Dey  street  building,  in  excess  of  the  proceeds  of  J 
bonds  o/"l,902. 


Octob.r  10,  1876.] 


IHE   CHUOXICLE. 


373 


$l)e  Commercial  ®ime0. 

COMMERCIAL  EPITOME. 

UlIDAT  NlOHT,  Oct.  15.   1875. 

OeaenI  trade  bma  been  on  «  moderate  scale,  and  there  baa  been 
notable  apecalative  aetivity  in  leading  ar'.ieles  of  domestic  prod 
nee.  Tbe  result  of  the  Ohio  election  haa  tended  to  restore  and 
strengthen  confidence,  and  the  continued  ease  in  the  money 
market  begins,  therefore,  to  have  its  natural  eOect  In  promotiu!^ 
a  reviral  of  business,  anl  encouraging  mannfaetnres  and  coiu- 
meree. 

Pork  and  lard  were  early  in  the  week  tbe  object  of  much  spec 
ulatioD,  with  hints  at  a  possible  comer  on  October  contracts. 
Mess  pork  advanced  to  $23,  on  the  spot  and  for  October,  while 
aot  MUable  at  oTer  $20  .50  for  the  remainder  of  the  year.  Bat 
there  was  a  quick  reaction,  and  the  sale*  to-day  were  at  $22  50 
OB  the  spot  and  $88  80,  aaUer  October.  I^rd  advanced  to  14  116 
^14tc.  for  prime  Weaten  and  181^13}c.  for  prime  city  ;  but  tbe 
advance  has  l>een  ieebly  supported,  and  at  ths  close  14  l-lOc  was 
anontside  price  for  prime  Western,  with  sales  for  Norember  at 
13  9-16C.,  and  for  all  the  year  at  12|e.  Bacon  and  cat  meaU  were 
qniet  but  firm,  from  scarcity.  Dressed  hoc*  have  recovered  tbe 
decline  oi  last  week,  but  closed  dull  at  10|(atltc.  Beef  of  tbe 
new  packing  haa  eome  forward ;  new  Western  prime  and  India 
mesa  quoted  at  $989$9S  per  tierce,  and  city  India  meas  held  at 
$S4@$33.  Batter  has  be«n  dull  and  drooping.  CbaaM  baa  ad- 
vaneed.  and  closes  at  13K^14c  for  prime  to  clioiee  factories.  Tal- 
low has  ruled  quiet  at  lO^c.  for  prime. 

Kcmtaeky  tobaeci  has  continued  in  moderate  demand  and  firm, 
•t  7000;  fbr  lags  and  13i<a30c.  for  leaf ;  the  aales  for  tbe  week 
•mbrneed  800  hhds.,of  which  850  were  for  export  and  l.V)  for 
eonsamption.  Seed  leaf  has  been  fairly  active  and  about  steady  , 
the  sales  embrace :  erop  of  lt)70,  37  cases  Coaaaetieat,  at  StfSic  | 
crop  of  1871,  33  eaaes  do.,  on  private  terata ;  erop  of  1873,  88  casat 
do.,  at  S.%. ;  erop  of  1873,  829  eaaea  do.,  at  S^IScl.  Ml  eaaee  New 
York,  at  •|<39ai3e.,  177  eaaea  Pausylvaaia.  ■»  TeMe..  ISl  casea 
Ohio,  at  8i«.  for  ranniag  and  1<«.  for  wrappers ;  erop  of  1873  and 
1874.  S67  eaaea  Wisconsin,  at  8f^Sc  for  raaalag  and  1  1m  14c.  for 
wappw ;  crop  of  1874. 800  eaaea  Maaaaebwetto  aad  Oooaac-.leal, 
at^^iee..  87  cases  Ohio,  at  7i<a9tc..  97  eaaea  New  Tofk.  at  9c., 
and  too  cases  Pennsylvania,  on  private  terms  ;  also  400  cases  iaa- 
dry  kinds,  at  7'<(3.5c.  Spani.'th  tobacco  has  be«n  in  moderate  da> 
naad  and  steady ;  aalaa.  700  balsa  Havana,  at  S3e4^jOS. 

CoObo  him  been  doll,  aad  prioea  of  Bio  are  iowar  at  Mt<j(31  ic, 
■old,  far  fair  to  prtao  eargoaa.  Tbo  stock  a(  thia  por.  haa 
luuiiiassil  In  Tit.ll'ff  bags,  liii!  ths  viaibia  aapply  for  the  United 
Blalea  baa  beaa  redoead  to  168.894  ban.  MUd  gnOm  have  also 
basadall,  aad  are  lower;  Java  MtgSSc,  gold,  with  a  stock  of 
4O;80O  bace.  Maraealbo  80M8a..  gold,  wiih  a  stock  of  lO.ilM 
bafs,  aad  of  other  growtba  4.887  bags  aad  »;454  MU&  Bice  haa 
baea  drooping,  with  large  salaa  of  Baogooa  at  $8  Hfia  M.  goM. 
ia  boed,  par  100  iba.  MoUasea  haa  intm  dalL  Tha  market  for 
taw  sogan  baa  btea  checked  by  the  aclloo  of  tba  Secrrury  of 
tbe  Treaanry.  ia  redadag  the  drawback  on  the  anortatlna  ol 
laiaad  angais  from  $3  75  to  $3  81  por  100  Iba.  Teaa.  at  tbe 
aaatioa  aala  yesterday,  went  at  some  decline.  Foreign  fruits 
have  baoa  Snnly  held,  with  a  fair  drmaad.  Corimaia  are  searea 
aadblgbar. 

Tbeta  baa  baaa  a  ataady.  moderate  bnalnaaa  la  ocoaa  freighla, 
aad  bat  tew  ^aagaa  ia  rates  hava  lakea  plaoa  ;  cbarter  room 
belag  aa  smaaytloa,  aa  tbe  d>maad  baa  aot  kept  pace  with  Iba 
oflbruiga  of  tonnage,  eooseqaaatly  aome  deelioe  ia  aot<>d.  I.<ata 
aagagemenla  nad  eharten  were — Orain  to  Liverpool,  by  sail,  'Hi.; 
Couoo,  Slfld. ;  Provisions,  by  steam,  40a.948a.  6d.;  Hop*,  |d. 
Orain  to  Ixindon.  by  steam.  9d. :  Hope,  |d. ;  Ohaaaa,  40a. ;  Hogar 
to  Hull,  by  at<fam,  'I'm  Orain  to  Cork  (orordara  6a.(<i4)i.  Od.; 
do.  to  the  Continent  Os.  lid. ;  Crode  PeCroiaam  to  Havre  or  Ber 
deaax  4s.  8d. ;  Naphtha  to  Bremen  4a.  Sd.  To-day  tbef  wm 
laas  doing,  but  the  gaoeral  tendency  *is  to  nwintala  raten  for 
berth  room  ;  charters  still  showed  some  weakarw.  Uraiu  to 
Liverpool,  by  steam.  9d.  per  80  lbs.  :  C.otton  Jd.,  aad  Cheese  at 
40s.  Grain  to  New  Oaatle  6a.;  Naphtha  to  Biatar  Sa.  4id.  Oil 
cake  ia  bags  to  Cork  for  orders,  !8s. 

Tbo  maia  ourket  baa  bean  inaderately  active  and  aloaas  flnnat, 
■adar  bigber  advic«a  from  tlie  Sooth ;  oommoo  to  good  strained, 
$1  70@|I  aa  Spiriu  turpentine  baa  coatlaaod  to  advanec, 
aatll  moderate  aalea  were  mad«  to-day  at  4Se.  The  petroleam 
market  baa  beoa  very  quiet,  exporters  and  refiners  being  at  a  dead 
lock  ;  tliM  offeriaa  are  vary  small  and  prtoes  are  well  suiuiaed, 
at  14«.  for  rB6aod  in  barrels  and  6i  <if4|c.  forerada  In  balk  lagot 
aoppar  to  •ta^.  wltb  aalea  latteriy  oi  a00;000  tbe.  Ltke  at  23i<9 
SUcL  eaah.    Wool  baa  been  falriv  actlveat  ataady  prices. 

Liaaasd  oil  baa  remained  steady  at  tSt(gS8c  Crude  sp-rm  bM 
beaa  la  fair  demand,  with  sales  of  500  bbla.  at  New  Bedford,  ea 
privato  tarma ;  qaoted  at  $1.48(21.50.  Other  oils  qniet  and  aa- 
ehaafed.    Hkdao  have  been  In  moderate  demand  and  aboot  steadv  ; 


dry  Basaoo  Ayraa  aold  at  23c  .  and  drr  Montevideo  at  22)c..  gold. 
Codaah  bava  beaa  ia  tair  demand,  with  sales  of  500  quintals  at 
$8.75  for  Oeanea  ud  $9  for  Oraad  Baak.   Wbltkey  eloaed  (aUlr 


iTIuUitiUay-liiviarlatimuofDrii  Ooodi."  •■ImtoHf  of  Uad\ng  ArticUv,  • 
•BuiHpliqfDomatleProduet,"  and  "  Brp^-U  q^ Leading  ArlMafrom  Sem 
York,    tcu  bt  found  on  a  nbtiquiHl  paje.) 

OOTTON. 

Friday,  P.  M.,  Oct.  15.  1875. 
Thb  Mo^TtJCEST  OF  THE  CROP,  as  indicated  by  our  telegrams 
from  the  South  to-night,  18  given  below.  For  the  week  ending 
tbis  evening  (October  15)  lije  total  receipts  have  reached  137,429 
bales,  against  103,402  bales  last  week,  80,2Cd  bales  the  previous 
week,  and  47,064  bales  three  weeks  mnce,  mailing  the  total 
reeeipta  since  the  1st  of  September,  187.5.  4*23,237  bales,  against 
873,368  bales  for  the  fianie  period  of  1874,  showing  au  increase 
dace  Sept.  1,  1875,  of  5U.8(SU  bales.  The  details  of  the  receipts 
for  this  week  (as  per  telegraph)  and  for  the  correi<i>ondiug  weeks 
of  five  previous  years  are  as  follows: 


BseeipU  thi*  week  at— 

1816. 

18T«. 

1  73. 

is-i 

1811. 

1870. 

Ssw  Orleans 

IS.™! 
81S 

*t,l»l 

Z3,»t 

t.aK 

1S.9X 

4ta.in 

r,«i 
ii.oti 

1.7IJ 

«,i«e 
icon 

MS 

>,gM 

Ml 
4.1W 

esi 

19,«5 
6,887 

}ia.3S6 

I0,W5 

s,w. 
an 

1.0M 

t.5;t 

M.481. 

»,lt» 

n.iM 

\    9.8tO 

en 

9M 

IT.tW 

t,m 

Ii.951 
5,CS9 

a.(iM 
m 

t,ma 

10,481 

19.489 

](o])Ua 

T3I4 

Itet  Royal.  Ac 

17,168 
tS,34S 

Qslvsfton 

lBdtan»>>   Itr* . 

1,390 

ffclrtda ".'.'."!!!! 

Hscth  CkroUaa. 

1,053 

:S5 

8.469 

Borfolk 

\>,^ 

GI(yPelat,*e 

Total  this  week 

ir..094 

TS^VSI 

«.«.( 

81,538 

J6,7M 

Total  stBcaSsptl.... 

mjm 

Kt.«S 

4i«.aao| 

H8.ST4 

878  ESS 

Tba  exports  for  the  week  ending  this  evening  reach  a  total  of 
$1,888  bales,  of  which  30,660  were  to  (treat  Britain,  10,.579  to 
F!naoe,  and  30,743  to  rest  of  the  Continent,  while  the  stocks  as 
niade  up  this  evening  are  now  284,741  bales.  Below  are  the 
stocks  and  exporis  for  the  week,  and  also  for  the  corresponding 
waek  of  laa|  season: 


Oct  IS. 


Haw  Tork. 
Otaarpofta* 

Tatal  Ikiswsak. 

TstsI  alae*  Sept.1 


■xportsd  to 


"'••'    Fraac.""!' 
Brttaia.  aeat. 


n,68S 


18,«tl 


6,183 

litio 

1.006 


8.606 

1.986 

8.«n 

1,»0 

S.366 
1.18S 


ToUl 
this 

week. 


10.97S 
3,<r» 
6,694 
I.Tn 
3.669 

11,616 
4.06) 

I0,6»  1  80,746       61,861        61,483 


1T.T» 

*,n6 

4,376 

is,m 

14.0y 
tJUi 


Same 

week 
1874. 


Stock. 


1875.      1814. 


lamt  I  «k8el  I     1*4.IW>    101.146 


C4,7(>(i 
14.487 
41.866 

46,661 
li,063 
40,0M 
8X.000 


«,19f; 
18,10S 
33,16S 
48.3S0 

u.in 
u,tai 

Sj.000 


9»4.1ia  860,880 


itmu  ikn  ••*  aa«ar  ihe  Head  o(  -au 
irS4  Mbas*  tsa  lalaad  %o  LtTw^oo) : 
•  RllafiipMa  S»  balM  to  UrwiHral.  I 


'otiier  poru^  •nclntki  from  lUltlinore 
-*:  rren  Wortop  tx  balw  lo  Liver- 

_  .  aad  1,181  balM  to  Antwerp. 

IIV  (>ar  >aia^iam  from  Mew  Orleaaa  to-aight  abows  that 
bsaljea  the  above  ezporta the  amooat  of  eotton  «h  shipboard,  and 
sagagad  for  ahlpoMat  at  that  port,  la  aa  loUowa :  For  Liverpool, 
•XXW  balsa ;  for  Havre.  1 1.000  Ules;  for  Continent,  23,0i><)  balea;  for 
aoaatwiaa  ports.8.000  balaa;  total.  45,000  bales;  which,  if  deducted 
tiom  the  stock,  woald  leave  19,500  bales  reprasnating  the 
f  aaatlty  at  the  laadtaf  aad  in  prassss  aaaold  or  awaiting  orders.  | 
From  the  foregulag  atatement  it  will  bo  aeen  tbat.-companMl 
with  tbe  eorreapoadiag  week  of  laat  season,  there  is  hi  in6rfa*f. 
in  the  oxporu  this  week  of  10.560  Italea.  while  the  Htorks  to  niglit 
arel4jBMfaalca  ators  than  tliev  were  at  this  time  a  year  ago. 
Tbe  foUowiag  ia  our  oaoai  table  abowlng  tlie  inMvniiinnt  of  cotton 
at  all  the  porta  from  Sept.  1  to  Oct.  8,  the  lateat  mul  dates: 


PORTS. 


Qoli 
Hew  Tork 


H.  OtroHaa 
Borfoik*  .. 
OllMr  ports 

TM.tkl*7r. 

Tst.lM«rr. 


snca  ssrr.  1. 


axruafku  •■■oa  «bpt.  I  to— 


in>. 


Ortat 
BriUla 


66.861 
16.n9 
49.H8 

66jr« 

66.886 


84* 

6.8M 

40,t» 

1.UI 


lt7«. 
«S4I»     11.091 

8i.8tn 


4«,«1 
61.919 
30.1 
6,896 

8a6 

4471 

a8,«8i 

1,M6 


831.884 


^063 

t[089 
81,666 


4,681 


41LU6 


Fiaaes: 


(Other ' 
rorera| 


ToUI. 


886 


4,818 


3W 


eUsaCiaalaaa 


6l1I9 


6,746 
4,966 

i.iri 


8i.g6u 


8.KI 

ton 

1T.906 


16,888     6!J08    161. lev 


i.sni   B&.7«6i  i86.n« 


Coast- 

wIm 

Port*. 


14.783 
I3,10« 
16,804 
1«,6S» 
19,9r 

Bl» 

4,118 

aMSV 


Stock. 


4S,<Mg 
14.446 

3n,Rs& 

4i),081 
19,917 
ia,0«7 

».5a8 

6,g«0 
10,000 


100.496 


I10,t 


.  .  liiacIaH«a  Po't  Uofti,  *c.j  aader  11  a  bead  of 

ladlsasis.  *r  .  aatfar  tha  baad  ot  Norfalk  U  locludad  City 

m^I  retams  do  not  correspond  precisely  with  the  total  of 
the  telegraphic  figures,  because  In  preparing  tliem  it  in  always 
aeoeasarr  to  incorporate  every  correction  made  at  tlie  ports. 

There  nas  been  much  excitement  in  our  ootton  market  the  past 
week,  attended  with  a  decided  advance  in  prices  for  both  spots 
and  futurea.  Cotton  on  the  spot  hail  been  sparingly  offered 
Notwithstanding  a  rapid  augmentation  of  stocks,  and  with 
dnm>^tir  spinners  in  want  of  stocks,  and  Liverpool  reporting  a 
rapid  advance,  prices  were  higher  wijh  us  from  day  to  day.  Tbe 
low  grades  have  been  improved  mo<t,  but  the  course  of  the 
aarkat  can  bast  b«  itatod  bjr  a  tabular  comparison  aa  follows ; 


374 


(THE   CHRONICLR 


[October  16,  1875. 


PKioBS  OP  nDDUNa  upi>iin>s. 

Oct  8.  Oct.  14. 

Ordinary 1"<  I'X 

Strict  Ordinary Uii  12K 

Good  Ordinary 18X  13 

Strict  Good  Ordinary UH  iJx 

Low  Middling .  18  1-16  13  11-16 

Strict  Low  Middling 18X  18Ji 

Mlddline  13H  14 

Good  Middling I3H  14« 

Strict  Good  Middling 13J<  U}( 

MlddllugFair 14)f  14^ 

Fair V>H  15K 

The  range  for  stained  cotton  advanced  in  the  same  time  from 
llf^lSJc.  to  13J@13fc.  Yesterday  the  export  demand  fell  off 
linder  a  less  favorable  report  from  Liverpool,  and  the  close  was 
dull.  To-day,  quotations  were  again  marked  up  ic,  to  meet  the 
views  of  holders,  but  there  was  very  little  done.  For  future 
delivery  the  excitement  and  activity  have  been  almost  unprece- 
dented, with  frequent  and  sharp  fluctuations  in  prices,  which 
aggregated,  however,  up  to  the  close  of  Wednesday's  business  an 
advance  of  o-lOiaic.  from  the  close  of  the  previous  Friday.  The 
frost  accounts  which  have  been  received  from  Memphis  seem  to 
have  alarmed  the  short  interest  both  here  and  at  Liverpool.  This 
short  interest  proved  to  be  large,  and  to  a  demand  to  cover  contracts 
the  advance  that  has  taken  place  is  generally  ascribed.  But  aside 
from  frosts,  which  are  believed  on  the  street  to  have  done  little  if 
any  injury,  crop  accounts  have  not  been  satisfactory.  Picking  is 
hindered  by  a  variety  of  circumstances,  among  which  much  sick- 
ness and  election  excitements  are  conspicuous.  Yesterday,  under  a 
decline  of  llCd.'in  arrivals  at  Liverpool,  better  weather  at  the 
South  and  large  receipts  at  the  ports,  there  was  a  sharp  reaction, 
with  an  average  decline  of  fully  Jc,  but  some  irregularity  dis- 
played as  between  the  different  months.  To  day,  there  was  re- 
newed excitement,  and  prices  recovered  fully  |@ic.  from  the  low- 
est figures  of  yesterday,  owing  to  the  unfavorable  crop  reports  of 
the  cotton  exchanges,  but  the  close  was  a  little  tame  at  some  re- 
action from  the  highest  figures.  After  'Change  there  were  free 
sales  at  ISfc,  13  37-33@13|c.  for  November,  13fc.  for  December, 
13  33-32@13Jc.  lor  January,  14c.  for  February,  14  3  16@14ic.  for 
March,  14fc.  for  April,  and   14ic.  for  May.     The  total   sales  for 

forward  delivery  for  the  week  are  380,400  bales,  including 

free  ou  board.  For  immediate  delivery  the  total  sales  foot  up 
this  week  7,633  bales,  including  3,337  for  export,  3,991  for  con- 
sumption, 390  for  speculation  and  114  in  transit.  Of  the  above, 
1,317  bales  were  to  arrive.  The  following  are  the  closing  quo- 
tations : 


New  Claaslfication. 


Ordinary per  lb. 

Strict  Ordinary 

OoodOraiUHfy 

Strict  Good  Ordinary 

bowMlddllnir 

Strict  Low  Middling 

Middling 

Bood  Mlddline .• 

Strict  Good  Middling 

Middling  Fair 

Fair 


Uplands. 


Alabama. 


i8xa.... 
i2«a.... 

13>,®.... 
13H®.... 
18  15-16 

i4«a.... 

14)j9... 
14X®.... 

15«8... 

i6xa---. 

STAINED. 
...  12?4  I  Low  Middling. 
...  13\  I  Middling 


laxa.... 

UX&-... 
13X®,... 
13HO.... 
14  1-16 
14)4®.... 

ii^a.... 

14>«0.... 
W/i».... 
15>4  (*.... 
16),®.... 


New 
Orleans. 

12X».... 
liSl®.... 
13X®  ... 
IS^M  ... 

14  5-!6 
1»S®.... 
U%®.... 

:*%■».... 

15  >i®.... 
16X®.... 


Texas 

12K®.... 

12*.iv.... 

13X®.... 

13H.*.... 

14  5-16 

14)i®,;.. 

I4xa.... 

\*yi^.... 

lh%^.... 
15X®.... 
16>ia.... 


.13  7-16 
...  13X 


Good  Ordinary 

Strict  Good  Ordinary  

Ueiow  we  give  the  sales  ot  spot  and  transit  cotton  ana   price  o^ 

Uplands  a\  this  market  each  day  of  the  pa»t  week  : 


liALKU.                                      1 

i^KlojaB, 

Now 
Classlllcatlon. 

Elp't. 

301 

100 

1,101 

;,4:ij 

300 

Con- 
sump. 

Spec- 
ala'n 

Tran- 
sit. 

Total. 

Ord'ry 

Good 
Ord'ry. 

1.0  w 

Mldl'g. 

MlG- 

dllu. . 

Saturday  

Monday. 

Tuesday 

Wednesdaj.... 

rhuraday 

Friday...: 

630 
335 

1,200 
6,4 
6S3 
6M 

3.991 

13 
191 

"86 

'iU 

941 

636 

2,301 

i.WI 

1,069 

643 

V.% 
11S4 
IIV 

I'-'M 

13  3-16 
13  7-16 
13  7-16 
13  9-16 
13  11-16 
13  15-16 

1^^ 

}!* 

14 

14V 

Total 

3,237 

290 

114 

7,633 

.... 

... 

For  forward  delivery  the  sales  (including  free  on  board, 

have  reached  during  the  week  380,400  bales  (all  middling  or  on 
the  basis  of  middling),  and  the  following  is  a  statement  of  the 
sales  and  prices 


For  October, 
bales.  c'.s. 

200 13K 

IIX) 13  S32 

aio 13*; 

100 13  1382 

1,700 13J» 

1,H00 13  17-32 

1,500 13  9-16 

500 13  19-32 

900 n% 

3'X) 13  21-32 

8J0 13  11-16 

lOJ 13  23  32 

l.MO 13X 

1,21)0 13  2)-32 

l50O 13  13-15 

«.600 13  27-32 

2.300.; 13K 

1,000 IS  2J-32 

2.000 1315-13 

1,900 13  31-32 

4,600 14 

S.400 14  3-32 

1,100 11  1-16 

1,000 14  5-32 

I,9O0 ....•AH 

1,000 14  5-32 

100 14X 

6U0 14  5-16 

4110 U% 

1,100 11  716 

300 14  15-32 

38,300  total  Oct. 

For  November. 

100 13  1-32 

600 13K 

SCO  13  316 

2,300 13  7-32 

8,100 \i% 

600 13  9-32 

100 13  5-16 

300 18  11-32 

1,200 ISX 

1,800 13  18-32 


bales. 
S.SOO.., 
2.000... 
9,200... 
2,600... 
5,*I0... 
,000.. 


cts, 

...13  7-16 
..13  15-.32 

13H 

..13  17-32 
...IS  9-16 
.13  19-32 


5,30'i 13X 

2,300  13  21-32 

1,100 13  H.16 

1,700 13  23-32 

900 13^ 

1,100 13  2.5-32 

1,700 13  27-32 

50,800  total  Not. 

For  December. 

100 13  132 

600 13  1-16 

100 13)i 

401) 13  5-32 

8,300 :S  3-16 

1,100 13  7-32 

600 13)4 

2,000 IS  9-32 

4,500 13  5-16 

3,400 13  11-32 

3.200 13>), 

3,800 13  13-32 

6,600 13  T-Iii 

4300 ;S  15-32 

3,500 13H 

2,300 13  17-3i 

2,400 IS  9-16 

1,200 13  S9-32 

2,400 13H 

3,600 ,13  21-82 

1,700 13  11-16 

200 13  23-32 

1,700 13^^ 

300 IS  a5-32 

aiO 13  1316 

53,500  total  Dec.       ' 
For  January. 
400 13  1-32 


bales. 

cts. 

100.. 

13  3-32 

1,1X10.. 

;3H 

1,100.. 

13  5-32 

100.. 

U  8-16 

800.. 

13  7-32 

5.300  . 

!!!!!!!i3  9-32 

1,900  . 

too.. 

13  5-16 

Six;.. 

...  .13  11-32 

6^1  . 

13X 

1.1 00  . 

13  1-32 

8,'),0.. 

13  7-16 

1,000.. 

13  1532 

8,500.. 

13X 

2,;oo.. 

IS  17-32 

S.IOO  . 

13  9-16 

3,100.. 

13  19-32 

u.lW.. 

13J6 

3,100.. 

13  21-3i 

l.-iOO.. 

13  11-16 

2,100.. 

13  i3-32 

8,300  . 

800.. 

13  25-32 

1,300.. 

13  13-H 

1,000.. 

18  27-32 

1,400.. 

13« 

900.. 

13  29-32 

61,300  total  Jan.        | 

For 

Febmary. 

soo. 

13  1-32 

1600. 

13  1-16 

500. 

IS  3-32 

100. 

I3Ji 

600. 

13  7-18 

600. 

IS  1532 

1,300. 

13K 

500. 

13  17-82 

800. 

13  9-16 

600. 

18  13-32 

5,500 

13« 

1,000.. 

13  21-32 

1,700 

18  11-16 

8,300. 

1123-32 

bales.  ctf>. 

3,600 13i 

1,800 18  23-32 

1.900 .13  13.16 

1,700 13  27-3  > 

.700 13K 

1,';00 13  29-S 

....13  15-16 
....13  31-32 
14 


,600... 

I.:i00... 

1,000...- 


33.900  total  Feb. 

For  March. 

100 13  19-32 

900 li% 

201) 13  21-3; 

2,300 13  11-16 

400 !3  23-52 

1,700 ;3V 

300 13  25-S2 

3,0J0 13  13-16 

200 13  27-32 

1,600 18X 

^S'-0 13  15-16 

300 13  3132 

600 11 

700 14  1-32 

2,600.. 11  1-16 

700 14  3-32 

1.500 \i% 

500 14  .^-&i 

900 14  3-16 

100... 147-32 

SOO UV 

300 11  9-32 

1,100 14  5-16 

22,100  total  March. 

For  April. 

400 13  278! 

400 13  29-32 

700 13  l.T-16 

1,100 13  81-32 

1,500 14 

300 14  1-S2 


balrs.  cts. 

1,800 UH 

700 14  i-si 

)00 14  8-l« 

too 14  7-.32 

600 14k 

500 14  »-fi 

400 14  5-16 

1.000 14), 

SWO H1-\i 

8O0 14H 

10,000  total  April. 
For  May 
100 14 


bales.  cts. 

100 II  1-3; 

1,100 li« 

(00 14  6-32 

1,800 14  8-16 

200 ll)i 

1,C00 14  S-ll 

100 14  11-32 

200 14H 

400 14  7-16 

200 14)i 

200 14  1782 

5,8CO  total  May. 


For  June, 
bal  es.  cts. 

900 n% 

too 14  13-32 

100 14  716 

10.1 14  13-Si 

200 14X 

200 14  ;7-»2 

XO 14  9-16 

*"0  UH 

200 14  23-42 

200 14» 

200 .ux 

3,200  total  June. 


For  July. 


bales. 
600... 
100... 
SOO  .. 


Cts. 
..UK 

..14X 


900  total  July. 
For  Augnst. 


500.. 
100,. 


•  llX 


600  total  Aug. 


The  folio  winif  will  show  spot  quotations  and  the  closing  prices 
bid  for  futures  at  the  several  dates  named ; 


Fri. 

DO  spot I3X 

October   IS  13-3J 

November.....  13K 

December 13  3-32 

January 13  5-32 

February I3K 

MarcU 13  19-32 

AprU IS  li-ie 


HIODLINa  UPL.A.2rD8— ^MSKICAN  OLABSIFTOATIOX. 


May 

June 

July  

AngDst 

Sales  spot 

Sales  future.. 
Oold-. 


14  1-16 

14k 

I1T16 

14  9-16 

l.lti 

23,000 

-.- 116X 

bchanne 4.76K 


Sat. 
!8>< 

18  17-3! 
IS  5-32 
13  3-32 

13  8-16 
IS  13-32 
13X 
13« 
UH 

14  5-16 
!4K 
14X 
941 
33.400 
116H 
4.76X 


Mon. 
13« 

13  11-16 
13H 

IS  ll-.« 
13  13-8i 
13  19-;f2 

13  -27-32 

14  1-32 
UW 

14  15-32 

14X 

14X 

62d 

31,200 

116X 

4.75X 


Tues. 

13X 
13  « 
13  9-16 
13  17-3! 
13  19-3! 
13  25  3! 

13  31-32 
UX 

14  9-32 
14  7-16 , 
14X 
11X 
2,301 
41,400 
II6K 
4-76>i 


Wed. 
14 

14  t-16 
13% 
13  9-16 
ISX 

13  27-33 
14 

14  8-16 
i4K 

14  9-16 

HX 

11« 

2.1.49 

47.-00 

116X 

4.76X 


Thors. 
H 

18  29-32 
13  15-32 
13  11-3! 
13  15-32 
13« 
13  27-3! 

13  31-32 

14  5-3! 
14  i;-12 
14  11-32 
HX 
l,0o9 
6-i,!l00 
116X 
4.74X 


Frl. 

14« 

14  l.i-S2 
13  2»-32 
13  13-lC 

13  15-16 
14X 

14  5-16 
14  15-32 
14  21-3! 
14  13-16 
14  15-16 
15 

613 

lli 
4.7« 


756.000 

7r5,S50 

808,000 

156,000 

102,.'.00 

251,000 

12,500 

9,250 

15.000 

68,000 

25,500 

45,000 

17,000 

24,600 

37,000 

36,250 

32,750 

37,000 

88,250 

96,250 

67,000 

22,000 

26,280 

11,000 

9,000 

18,250 

39,000 

21,000 

40,000 

51,000 

423,000 

375,250 

553,000 

l,ns,Doo 

1,150.500 

1,361,000 

220,000 

165,750 

214,000 

63,000 

38,000 

76,000 

43,000 

60,000 

50.000 

250,360 

153,441 

184,487 

46,768 

42,405 

36,900 

10,000 

4,000 

3,000 

The  Visible  Supply  of  Cotton,  as  made  up  by  cable  and 
telegraph,  is  as  follows.  The  continental  stocks  are  the  figures 
of  last  Saturday,  but  the  totals  for  Great  Britain  and  the  afloat 
for  the  Continent  are  this  week's  returns,  and  consequently 
brought  down  to  Thurnday  evening;  hence,  to  make  the  totals  tlie 
complete  figures  for  to  night  (Oct.  15),  we  add  the  item  of  e'cport.'} 
from  the  United  States,  including  in  it  the  exports  of  Friday  only: 

1875.  1874.  1873.  1372. 

Stock  at  Liverpool 611.000  645,000  537,000  581,000 

Stock  at  London 62,000  111,000  208,2EO  227,000 

Total  Great  Britain  stock 673,000 

Stock  at  Havre 208,750 

Stock  ct  Marseillea 4,2S0 

Stock  at  Barcelona 42,000 

Stock  at  Hamburg 15,000 

Stock  at  Bremen 36,500 

Stocli  at  Amsterdam 57,500 

Stock  at  Rotterdam 9.750 

Stock  at  Antwerp 7,000 

Stock  at  other  continental  port?. .  9,000 

Total  continental  ports 389,750 

Total  European  stocks 1,062,750 

India  cotton  afloat  for  Europe.. ..  242,090 

American  cotton  afloat  for  Europe  97,000 

Egypt,  Brazil,  &c.,afloat  forE'rope  36,000 

Stock  in  United  States  ports 264,716 

StocklnU.  S.  interior  ports 32,098 

United  SUtes  exports  to-day 10,000 

ToUl  visible  supply.     .  .I)ale8.1,744,661       1,812,143       1,614,096       1,955,447 
Of  the  above,  the  totals  or  American  and  other  descriptions  are  as  fallows: 

American — 

Liverpool  stock 252,000 

Continental  stocks 172,000 

American  afloat  to  Europe 97,000 

Unted  States  stock 264,716 

united  States  interior  stocks 32,098 

United  States  expoi  ts  to-day 10,OCO 

Total  American bales.  827,814 

Bast  Indian.  Brazil,  dbc.— 

Liverpool  stock 359,000 

London  Btocli 62,000 

Continental  stocks 217,750 

[ndia  afloat  for  Europe 242,000 

Egypt,  Brazil,  &c.,  afloat 36,000 

Total  East  India,  &c 918,750 

Total  American 827,814 

Total  visible  supply bales  .1,744,564 

Price  Middling  Uplands,  Liverp'l.    7}id. 

These  figures  indicate  a  decrease  in  the  cotton  in  sight  to-night 
of  67,584  bales  as  compared  with  the  same  date  of  1874,  an 
inereoie  of  130,468  bales  as  compared  with  -the  corresponding  date 
of  1873,  and  a  decrease  ot  310,883  bales  as  compared  with  1873 

At  the  Intkrior  Ports  the  movement — that  is  the  receipts 
and  shipments  for  the  week  and  stock  to-night,  and  for  the 
corresponding  week  of  1874— is  set  out  in  detail  in  the  following 
statement: 


175,000 

123,000 

67,000 

183,000 

137,000 

77,000 

63,000 

8S,000 

76,000 

2.50,380 

153,411 

184,487 

46,768 

42,405 

36,960 

10,000 

4,300 

3,000 

728,148 

502,846 

414,447 

470,000 

439,000 

514,000 

111,000 

208,250 

227,000 

210,000 

338,250 

476,000 

220,000 

163,750 

244,000 

43.000 

60,000 

60,000 

1,081.000 

1,111,250 

1,511,000 

728,143 

503,846 

444,447 

1,812,148 

1.614,096 

1,9.55,447 

Sd. 

9>^d. 

9K<1. 

Week  ending   Oct  15,  1875- 1 

Week  ending  Oct.  16,  1874. 

Receipts. 

Shipments. 

Stock. 

Receipts. 

Shipments. 

Stock. 

7,940 
2,304 
3,807 
4.030 
3,955 
12,611 
385 

31,032 

4,165 
3,141 
5,035 
2,145 

6,681 
1,324 
2,389 
3,769 
3,675 
10,760 
246 

9,187 
2,351 
2,110 
4,150 
4,844 
8,012 
1,414 

7,874 
2,3;/7 
3,682 
8,502 
3,657 
11,445 
1,639 

5,631 
1,44') 

3,  ion 

8,833 
2.883 
6,405 
1,166 

6,893 

2,389 

3,436 

Montgomery 

Selma 

Memphis 

Naohville 

3,66* 
8,104 
20,866 
4,518 

Total,  old  ports 

27,861 

8,341 
2.514 
4,183 

1.758 

32,098 

2,746 
1,890 
2,734 
1,304 

8,674 

34,106 

1.8.32 
4,19.3 
B,C74 
2,393 

22,506 

1,223 
3,714 
2,881 
2,279 

46,768 
2,069 

1,256 

8,!i54 

Cincinnati, 

4,473 

Total,  new  ports 

14,486 

11,746 

13,492 

10,097 

16,452 

Total,  all 

48.518 

89.610 

40.772 

47.59'5 

:3a.fin.s 

6^.990 

October  16,  1876] 


THE   CHItONICJLE 


376 


The  above  totals  show  that  the  old  interior  stocks  hare  ineretued 
daring  the  week  0,168  bales,  and  are  to-night  14,670  bales  let* 
than  at  the  same  period  last  year.  The  receipts  have  been  74 
balee  Um  than  the  same  week  last  year. 

Boi(Bi.T  SRlPM lum  — AcoordioK  to  oar  cable  despatch  reoeived 
lo-uay,  there  hare  t>eea  no  bales  shipped  from  Bombay  to 
Qreat  Britain  the  past  week,  and  3,000  balsa  to  the  Continent, 
wbile  the  receipts  at  Bombay  daricig  the  Mone  time  have  l>evn 
3,000  bales.  The  moTement  since  the  Isl  of  Janoary  is  as  follows. 
These  are  the  Sgotea  of  W.  Nicol  ft  Co.,  of  Bombay,  and  aie 
broaxht  down  to  Tharaday,  Oct.  14  : 

—smpmeatt  thU  WMk->     ^Shlpmestittaca  Ju.t—     . — Raeclpts. — . 
OrMi       UoB-  Ori^at       tea-  Thli  81nc« 

BrltaU.  llMst.  Total.      Briulo.  Iiasnt.      Total,     vxk.      j*b.  i. 

itn *.<xw     *•<»>    804.oeo  4rr.«as  i,ni.oao    s.oao   i.iii.uoo 

,n4 a.aM     4.oao     rjut    tjt.ooo  nMM  t,is7.oao    4,000    i.tM.000 

|>n.  ...    «.000       l.OiM       S.OOO     tAOOO    IMtlM     87».gOO      1,000        Mt,0(IO 

Prom  the  forej^ing  It  woald  appear  that,  compared  with  last 
year,  there  is  a  cUereate  of  5,000  bales  this  year  in  the  week's 
ahipm»Dts  from  Bombay  to  Europe,  and  that  the  total  moTwnent 
sioea  Janoary  1  shows  an  inereoM  in  shipments  of  64,000  bales 
elMnpiired  with  the  oorrespoadini;  period  of  1874. 

Weather  Reports  bt  Telkoraph. — Our  reports  to-nisht 
Indicate  more  favorable  weather  duriof^  the  week  for  grathering 
in  the  crop.  There  haa  been  bat  little  rain,  not  eDough  on  any 
day  to  interfere  materially  with  work  in  moat  sections.  A  killing 
frost  is  reported  in  the  Memphis  and  NaahTille  districts,  and  a 
slight  frost  at  some  other  points.  What  damage  bas  been  done 
it  would  seem,  therefore,  moat  be  confined  within  narrow  limitji. 
Ice  formed  at  McmDhin.  Id  parts  of  Mlaaiaaippi  the  election 
excitement  is  inierferin^r  with  picking;. 

OMheiltm,  Ttma. — Kain  fell  here  on  one  day  dnrinfr  the  week, 
the  rainfall  reaching  thirty  two  hundredths  of  an  inch.  The 
ibwnMOMler  haa  aTeragcd  73,  the  highest  being  tfi)  and  the 
lowest  OK.  The  crop  moTemeat  thia  ■a—on  will  probably  be  tlie 
•arlisat  on  reeortl. 

Imdi»ntla,  Ttxoi. — There  baa  been  no  rain  here  tbe  past  w>>ek. 
The  days  have  been  warm  aod  the  nighia  oold,  the  thermometer 
•Twraciag  73.  th«  bigheat  being  89  and  tbe  lowoat  09. 

Ctrtieamm,  naMii— Tbe  daya  hare  been  warm  and  the  nighia 
eekl.  bat  aaaeonable.  There  were  driasles  oq  two  days,  the 
iminfaO  leaching  six  handredibs  of  an  inch.  Average  tln-r. 
BioiiMler  87,  blgnaat  US  and  lowest  51.  Picking  is  progressing 
flnely. 

jy«w  OrissM,  L»ftiiiana. — There  was  one  rainy  day  here 
during  the  past  weak,  the  rainfall  reaching  eight  boadradths  of 
an  iaot,  tbe  thaiiuuiueter  for  tbe  week  avenging  08. 

ikrtttport,  JUnMsaa.— The  weather  baa  bean  Ulr  all  tlie 
week,  excepting  a  Uianderatorm  last  eresing,  the  rala&ll  rearli 
Ing  ninety-two  nnndredtbs  of  an  Inch.  OMtoa  b  arriving  very 
freely,  but  what  la  now  being  picked  is  ivpatred  by  dirt  from  tbe 
lata  rain.  The  thermometer  has  averaged  69,  tbe  bigbeat  being 
7>  and  the  loweat  48. 

Viekilmrf,  Mimiuippt. — There  was  rain  on  aoe  day  daring  the 
week,  the  rainfall  reaching  Afty-tbrce  bandrsdtbs  of  an  Inch. 
The  thenaometer  bas  avenged  M,  while  tbe  highast  has  been 
06  and  the  lowest  58.  Tbe  [iraseate  of  Amas^  BiMli*  is  doing 
great  harm  by  Intermptlng  picking  to  a  eoaaidenbl*  eztaat. 

Columbui,  Mi*n*>ippi.—'t\ie  weather  tbe  naat  week  has  br«a 
eold  and  dry,  excepting  one  day,  which  was  anowery.  Wc  lia<l  a 
frost  on  one  nlgbt.  bot  not  a  killing  froat.  Tbe  thermometer 
baa  averaged  72,  the  highest  being  87  and  the  lowest  57. 

LitiU  &ek,  Arkamm*.— It  bas  beea  dear  all  of  the  paat  we 
tintU  Tharaday,  when  we  bad  a  light  nln,  the  rainfall  re«r)iiDg 
fl(ty-ona  bandredths  of  an  Inch.    The  tbermomeler  bas  raoged 
between  40  and  78,  avenging  01.     Ootloa  is  moving  actively. 


Oa  Tnssday  and  Wednesday  nigbu  we  had  a  killing  frost,  bat 
■odaaafswaa  doseto  the  plant.  The  tbsinii— sriir Ims  arvr- 
agwl  a,  tha  hi^aat  beinc  M  and  tbe  loweM  W.  Oar  oorre- 
spondents  ssnd  a  sseopd  telegnm  to-night,  la  which  they  uy, 
"  Oor  mall  this  afternoon  br&gs  reports  of  serious  damage  (rum 

fltMt." 

Mtmpku.  TVnassse*. — We  have  had  one  nlny  dav  this  wiek, 
the  rainfall  reaching  sixty  three  bandredths  of  an  Inrli.  Tlier- 
aMBStar— hlgfasst  6.  lowest  43  and  average  55.  We  bad  a  kill- 
la(  float  ia  tUa  Tldaltj  oa  Monday  and  Tuesday  nighu.  lee  bar* 
lac  fiiiwsd  ea  Maadar  night. 

JTottis,  .dioteM*.— It  was  sliowery  oae  day  tha  latter  part  of 
tha  past  wssk,  tbe  lainfkll  reaching  oae  hondradtb  of  an  iacb. 
Tha  rest  of  the  week  baa  been  pleaaont.  Than  was  a  frost  oa 
oae  night,  bat  It  was  not  a  killinr  frast,  aad  ao  aerioos  damaga 
haa  lieen  doae  by  it.  Average  tnaniMmetar  61,  higlieat  77  and 
loweat  47.  . 

Mimtttmtrg,  .dlaiaina.— Pickiag  in  ptiMniwiag  Saely.  Wa 
hare  had  no  rata  during  the  week.  Thm  fiRBOBSlar  has  aver. 
agsd  W.  the  bighaat  being  78  aad  tha  lowtat  41. 

iJWsM,  Atabamta. — With  the  exception  of  oae  rainy  day,  tha 
weather  the  aaat  week  liaa  been  pleasant,  the  theimuiueter  aver> 
aging  06,  aaa  the  rainfall  reaching  thirty-nine  haitdredths  of  aa 


JtMtea,  n»rid«.— Then  bas  beea  ao  nta  ben  thia  wmIc. 
The  tharawuieler  baa  averaged  0^  tha  highit  baing  74  ami  tbe 
loweat  M.  Tha  weather  ia  splendid  for  piokiag.  aad  handu  ate 
ahowiag  mora  dispositloa  to  work. 

Maeoti,  GsMia.— We  have  had  no  rain  all  tbe  week,  and  tha 
weather  baa  taanfbra  been  favorable  for  tricking.  The  tlie«. 
■MOHtar  haa  avanged  00,  tbe  biglMet  being  75  and  the  lowest  4C 

AtlMtm,  OMrgi».~Tho  weather  during  tha  week  bas  t>eea 
warm  and  dry.  Tbe  thermometer  has  araiagad  65.  the  bigheat 
haa  been  73  aod  the  loweat  43. 

(Mtmtbtu,  Ospryfa.— It  rained  here  on  oae  day,  the  rainfaQ 


reachingten  hundredths  of  an  inch.    Average  thermometer  59 
highest  73  aod  lowest  44. 

Savannah,  Oeorgia. — The  weather  the  post  week  has  been  cool, 
with  a  slight  rain  on  two  days,  the  rainfall  reaching  eleven 
hundredths  of  an  inch.  Average  thermometer  61,  highest  73  and 
lowest  48. 

Augutta,  Otorgia. — The  weather  has  been  very  cool  this  week, 
and  a  frost  is  reported  this  morning.  We  have  had  a  light  raiu 
on  one  day,  the  rainfall  reaching  only  fifteen  hundredths  of  an 
inch.  (We  do  not  understand  our  correspondent's  telegram  with 
regard  to  the  range  of  the  thermometer.) 

Xlharie$ton,  South  CaroUna. — Rain  has  fallen  here  the  past 
week  to  the  extent  of  two  inches  and  one  hundredth.  'The  highest 
point  of  the  thermometer  was  73,  and  the  lowest  49. 

Tbe  following  statement  we  have  also  received  by  telegraph 
showing  the  height  of  the  rivera  at  the  points  named  at  3  o'clock 
this  afternoon  (Friday,  Oct.  15).  We  give  last  year's  fieures 
(Friday,  Oct.  16, 1874)  for  comparison : 

^Oct.  1\TB.^         ^Oct  ia,*74.-, 
F«eL      Inch.        ITooU       laeh. 

Hew  Oriaana.. Below  high-water  mark 11  (  14  8 

Haoaphli AboTe  low-wateriaark 7  T  4  7 

NaabvUle Above  low-water  oiark T  S  10 

Sbrevtport Abova  low-water  mark t  10  mlulng. 

Vlel(sbar(....  Above  low-water  Diark 14  t  7  2 

New  Orleans  reported  ImIow  high-water  mark  of  1871  until 
Sept.  9,  1874,  when  the  xero  of  gauge  was  changed  to  high-water 
■lark  of  April  15  and  16,  1874,  which  is  6-10th«ol  a  foot  above 
1871.  or  16  feet  above  low-water  mark  at  tbat  point. 

Omnrr  Bags,  Baooixo,  &c. — The  market  for  bagging  during 
fha  naat  week  has  ruled  rather  quiet,  and  though  the  demand 
haa  Doen  fair,  and  enquiries  numerous,  prices  have  been  in  buy- 
en  favor.  The  sales  will  amount  to  fully  3,000  rolls,  in  lots  at 
about  13c,  cash  and  time.  Tbe  market  at  the  close  is  a  shade 
weaker,  with  holdera  aaking  13|<S)13c.,  with  very  light  stocks. 
Bales  are  selling  slowly  and  in  small  parcels  at  9i^}c.  cash  for 
India.  Borneo  is  quoted  at  IS^c  here  and  in  Boston.  Bags  are 
held  at  ISc  for  440s.  with  salea  of  100  balea  reported  at  this 
flgara.  The  supply  of  butts  on  band  is  still  light,  and  foot  up 
6,100  bales,  8,80O  balee  here  aad  2,800  in  Boston.  The  demand 
through  the  week  baa  been  l>K>>t.  and  sales  are  reported  of  1,000 
faalea  on  spotat9|<98{e.  easb,315-10@8e.  time,  the  market  closing 
at  8j<33  15-IVe.  hen  and  Sc  in  Boston. 

Corro.t  ExcaAXOR  Crop  Rrports  for  October  1. — The 
following  cotton  crop  reports  of  the  various  cotton  exchanges 
have  been  received  by  telegraph  : 

Mew  Orlfaas  Department 

SB»»s  that  part  of  tha  Slatt  af  Jllmlmltpl  not  apuortloned  to  tha  Memphla 
sad  KoMte  CMoa  Kichaagea:  the  •aiirt  AMa  «r  XoeMeaa  aad  the  &fU 
W  Artmtmt,  soatb  of  tiM  Arkaasaa  Sivsr.  The  report  la  nreparad  and 
liaaad  b;  tha  Haw  Oilaaas  Oottoa  Xx^aage  throogh  their  Oommlttee  on 
n  aad  Sutlitica.  oonpoaed  of  Harrlsna  Watiii.  Chairman.  J.  V. 
.  WlllUm  A.  Owyo,  B.  C.  raaaiaclr,  Idwaid  Morphj,  and  W.  C. 

Loaitiaaa.— Sixty-two  repllat  from  thirty-one  parishes  ;  avar- 
«ca  date.  Get.  1. 

Tba  waaHiw  la  teeoitaJ  as  salTaraally  oafavonble.  Hsary  itormi  or  wind 
m*  lata  kan  oMariallr  tawagid  tha  pioapeela.  aar  »  per  eest,  >  j  beating 
eat  apaa  esctaa  mt  lalarfartaK  with  the  pfeklac.  which  had  not  faiJr  beinm 
Baeaab  tbe  Slats  ee  Waplsiabw  t.  NotwtihaiaDdtBg  tha  serloa*  iuatf 
abaady  4aa<^  eaaaiac  cuaaldaiahli  dlaeueraceBMiil  and  an  nnpreeedeDtad 
aaosal  of  atckoaaa  amoeg  the  labama,  with  farorable  itaather  heneerorth. 
Ifea  rtaU  aa  raportsd  will  be  bet  UtUs  laaa  thaa  last  aeaaoa. 

Arkaaoaa. — We  have  reeelTed  tbirty^ne  answera  from  twenty- 
two  eoaailas. 

Tha  waatbar  Is  rspofta*  by  aoma  aa  wladf  aad  raiajr,  wblla  others  sUta  that 
il  kaa  base  sella  dry.   Oa  tha  wbolr,  It  haa  be«o  Bodanuljr  faTorabla.     Com- 
flaUla  raadi  aa  of  (Ismaga  deea  by  rot  sad  rasi.  principally  tha  latter,  tha 
arwUekllladlfleaHiecan«eUTastnBals,battba  anragnla  loaadoes 
Bad  •  tola  par  eaot.    Aboat  OMMb  of  Stntembar  pleklny  had  becona 
,  bet  was  not  proesadinc  aa  rapidly  aa  dealrad,  owing  to  alckoaaa  In 
CDaallasaad  aeavyralaa  In  oiher».    Nanrly  all  oar  comapondenta 
Uaaytagtlial,  wtthbestatthaisaa  time  aa  laal  yaar,  tha  yield  will  be 
graatcr. 

MlaalsaippU — Seventy-three  npliee  received  from  this  State, 
lb*  avenge  date  baliig  the  1st  Instant. 

Tbe  «ssllw  was  alassl  aalvaraally  reported  aa  eold,  wat  and  stomir,  cana- 
bw aariees dsamae  to  Ike  wop,  aattmatad  at  M  percent.  The  danuge  was 
■esMr  by  ret  aaa  rest,  tha  atonas  havtag  Injared  the  qaallty  while  nut  ma  - 
Uriany  lasaaolat  the  qaaatlty.  TIm  picking  wa«  peneral  In  the  drat  week  In 
•aptseibar.  bet  U  procaadlsg  alowly,  owing  to  wat  weather  aod  ao  nuaaaal 
■aaeat  of  atekaaaa  aaaoag  the  laboraf*.  Tha  yield,  aa  eoopared  wlih  laat 
yasr,  with  rroat  at  tiM  aasM  ttma,  seeordlag  to  oar  eorraapoadaata,  will  baiaJy 
ansa  that  of  laat  aaaaoa. 

Mobile  Department 

aevara  Ika  iHU  ft  Aladama  aa  hr  north  aa  tho  aummit  of  tha  Sand 
Itaaalalaa.asdflU/USwtwaMnMM  U  Mi-Utipft:  Wayne.  Clarke.  Jaaper, 
taadaidala.  Nawtoo.  Ksapar.  Neaholao,  Nozabaa,  WInaton,  Lowndea, 
UkUMba,  OMrax.  Moaioa.  Cbicaaaw,  luwamba,  Lae,  Pontotoc.  PrenllH, 
Tbe  report  la  preparad  and  iaaosd  by  tha  Mobile 
_  jh   tbair    1,'ommltlea   on    InformaUoa   aad   StaUa- 

^ af  T.  K.  Irwla,  chalrana,  J.  P.  BlUapa,  J.  W.  WhtUag,  O.  O. 

sad  Idwaid  Bsyar. 

Alahaau. — 58  lettara  from  81  counties. 

Ia  alght  eseaUas  lbs  waathar  la  roportad  to  hava  been  favoribia,  In  eleven 
aat  Ihvwabia,  la  tbias  dry,  aod  In  alna  wat  and  rainy.  Some  damage  baa 
gaawally  rassllad  throegaoat  tha  8ia><  from  raal,  aod  In  aoma  parts  tha 
laesal Sevan  atsnas  have  doaa  aarloaa  talory  by  acaitailog  the  cotton  on  the 
moad,  groallf  ilamsgint  Iha  qaallty,  and  10  aoma  aztant  Tnterfaring  with  the 
atahlas.  Tba  daaage  to  tha  ctopa  by  rnataad  wlnd-etonaala  cttlmated  at 
nva  ava  to  tfty  par  coat.  Aa  aa  averaga  for  the  Stau  we  won'.d  aay  aboot 
twaety-lva  par  coat  daaiaga  haa  raaaltad.  Co:ton  picking  besan  In  a  few 
loaallllaa  aboot  tha  IMh  of  Aognal,  bat  did  not  beooma  gaoeral  beforo  the  lat 
af  Saptambaf.  In  Ira  ooantlaa  It  la  procaading  alowly,  and  In  tha  remaloder 
AnofaWy  aad  rapidly.  With  froat  at  the  asma  time  aa  laal  yaar  In  aandy  and 
iplsndt.  tUrtsaa  coaatlaa  report  that  tha  yield  will  be  laaa,  eight  aboat  tho 
ssma.  aad  la  pralrla  aod  lowlands  tea  ooantlaa  atala  that  it  wUl  be  greater 
thaa  laat  yaar. 

HlMlMippt< — 41  letten  from  18  eoantles. 

Tbe  wasthef  la  rapar<ad  aa  harlsg  baaa  vary  wat  and  genaroCy  very  snhvor- 
aUe.  Ttba  dsaiaga  ie  the  aiop  by  rnat.  nH.  ralaa  and  atorma  la  reported  to  be 
Irom  10  10  aiM  V**  cent,  aa  avwaga  of  aboot  10  per  cant,  from  alghteen 
eeaatlaa.  Cotton  picking  began  from  tha  lit  to  the  lOth  of  September,  bat  la 
oa  vary  alowly  aod  nnaatlafactorily  oa  acaooot  of  ooaaoal  «i«-fc»^«— 


3'<6 


THE  CHRONICLE 


[October  IC,  1875. 


nmoDg  tlic  laborer*,  raliiy  weather  and  iiolitical  (listiirbanccs.  With  frost  at  tb*- 
sam;  time  as  la^t  year,  the  yield  will  be  from  the  samp  to  30  per  cent  frrciitt  r, 
only  three  couuties,  Lee,  Laudordale  and  Mnnroe,  rcportInK  that  itVill  be 
loaa.  tilight  frosia  nave  occurred  in  Alcorn  and  Cbicicasaw  connlieii,  but  no 
damage  baa  reaulted.  except  to  i>reveut  the  opeiiipg  of  the  bolU  to  some 
extent.  Tlie  recent  heavy  rains  luve  greatly  i  njured  Che  quality  of  Uie  open 
cotton. 

Memphis  Department 

coTera  the  Slati  qf  Tenneiset,  west  of  the  Tennessee  River,  and  the  fol- 
loirinff   counties    in     MIssiiuiippi :    Coahoma,    P«nola.   lAfayette, 


rmmtlef    In     MIssiwiippi:    Coahoma,    Pnnola.   lafayette,    Marsball, 
De  So'to,  Tunica,  Benton  aiid'Tippah,  and  the  AYate  of  Arkantas  north  of  the 


department  at  15  to  30  per  cent,  decrease),  and  North  ('arolina 
the  same  aa  last  rear,  aad  Texas  10  per  cent  increase,  tbe  reeuU 
of  these  Cotton  Kxchaiige  crop  reports  would  be  about  ai  fol- 
lows: 


Ac'nal 
year  endini; 

St-pt.  1,  -SIS. 

•^^5,<m 

.    400,000 


Arlcanxas  Itiver.  Tbe  report  is  prepared  and  issued  by  tbe  Momphlfc  Cotton 
Exchange  through  their  Committee  on  Information  and  Statistics,  composed 
of  S.  M.  Gales,  Chairman,  W  A.  Goodwin,  C.  T.  Cnrtis,  J.  H.  Goodwyn,  T. 
S.  Ely,  Geo.  Winchester,  and  Henderson  Owen. 

Tennessee. — 68  answers  received. 

Tbirty-eigbt  report  tbe  weather  warm  and  dry  ;  21  clear,  dry  and  cold,  with 
occasional  showers ;  S*  wet  and  coM,  with  3  per  cent  damajre  by  rust,  rot  ami 
Blorms.  Picliing  commenced  at  the  average  date  of  September  Iti,  and  is  gen- 
erally progressing  slowly,  owing  to  sickness  and  the  slow  opening.  Willi 
killlDg  fro^t8  the  same  date  as  last  year,  Ibe  yield  will  average  21  per  cr'iit 
better.  Labor  is  well  disposed.  Twenty-seven  counties  report  frost  from  the 
19tb  to  the  iiOlb  September,  but  no  damage  resulted. 

Mississippi. — Forty-aix  refponseu  have  been  received. 

Eight  report  Ibe  weather  warm  and  dry ;  Ihreetclear,  dry  and  cold,  wilb 
occasional  showers,  15  wet  and  cool.  Tbe  crop  was  damaged  by  rot.  rust  and 
storms  H  per  cent.  The  picking  commenced  on  an  aveiaue  on  September  ll, 
and  is  generally  progressing  very  slowlv.  owing  to  excessive  sickness,  pulili- 
cal  disturbances  and  a  slow  opening.  With  a  killin!?  frost  as  late  as  last  year, 
the  yield  will  be  14  per  cent  better.  Labor  Is  very  inelficient.  18  report  great 
sickness,  Hi  laborers  trou'^led  with  politics. 

Arltansas.— Forty  responses. 

Five  report  tbe  weather  dry  and  warm  ;  19  clear,  dry  and  cool,  and  Ifi  wet 
and  cool.  Tbe  damage  by  rot,  rnsi  and  storms  at  7  per  cent.  Tbe  picking 
commenced  on  an  average  on  September  11 ;  24  report  it  progressing  well,  and 
17  slowly,  owing  to  eictiness.  with  a  killing  frost  as  late  as  last  year,  tbe 
crop  will  be  31  per  cent  better.  Labor  is  reported  well  dlsp  >8ed,  wllb  a  few 
exceptions.  Twenty  two  report  frost  about  September  30,  but  without 
damage. 

NasiiYille  Department 

covers  Middle  Tennessee  east  of  tbe  Tennessee  River,  and  the  following 
CoiDUiis  of  >4/fl*a;n<^i  .-—Lauderdale,  Franklin,  Colbert,  Lawrence,  Morgan. 
Limestone,  Madison,  Marshall,  Jackson,  Delvnlh  and  Cherokee.  The  report  is 
prepared  and  issued  by  tbe  Niisbviile  Cotton  Exchange  through  their  Commit- 
tee on  Statistics  and  Infomiation,  composed  of  John  F.  Wheless,  Chairman, 
Thos.  B.  Sample  and  "Geo.  J.  Goodrich. 

Condensed  from  answers  to  over inqatries.    Answers  dated 

about  Oct.  1. 

In  Middle  Tennessee  generallv  the  weather  has  been  favorable,  but  rather 
too  cool  and  too  much  rain.  lu  Alabama  there  w  ts  too  much  rain,  which, 
however,  was  not  very  damaging  until  the  great  storm  of  September  16,  when 
the  country  was  flooded  by  a  tremendous  fall  of  rain,  which  submerged  the 
low  grounds  and  beat  out  open  cotton.  Since  then  there  have  been  too  many 
rains  and  much  cool  weather.  In  Tennessee  tbe  damage  has  been  sliirht.  In 
a  few  cai^es  damage  by  rain  is  reported,  staining  and  soiling  tbe  cotton.  In 
Alabama  much  damage  has  been  done  by  storms  and  by  rust.  Our  corres- 
pondents do  not  give  us  many  fignres  on  the  subject,  but  we  estimate  from 
what  we  have  that  the  crop  has  been  damaged  at  least  10  per  cent,  by  the 
weather  since  August  20,  and  particularly  by  the  great  storm.  Tbe  darnase 
was  greatest  in  tbe  lowlands,  which  were  submerged  by  rainfall.  In  Tennes- 
see picking  began  about  September  20,  in  Alabama  about  September  10,  al- 
though in  neither  State  did  it  begin  fully  before  September  20.  It  is  proceed- 
ing slowly  everywhere,  owing  mainly  to  wet  weather.  Wilh  frost  at  the 
same  time  as  last  year,  tbe  yield  lu  Tennessee  will  be  about  the  snme.  The 
acreage  is  somewhat  reduced,  but  the  yield  per  acre  is  increased  this  y^-ar. 
In  Alabama  the  acreage  is  about  10  per  cent.  less.  The  crop  in  both  States  in 
this  department  is  greatly  dependent  upon  the  weather  for  the  next  live  or 
six  weelcs.  If  there  is  a  fair  season  and  a  late  frost  tbe  crop  will  be  above  tlie 
average.  Wilh  an  early  killing  frost  it  will  fall  25  per  cent,  below.  The  crop 
is  about  two  weeks  later  than  usual,  and  picking  has  ironc  on  slowly  up  to 
this  date,  owing  to  weUweatber,  while  the  amount  of  labor  in  tbe  river  conn 
ties  of  Alabama  has  been  curtailed  by  a  great  amount  of  sickness  prevailing 
at  this  time. 

Augusta  Department 

covers  tbe  counties  of  Georgia  not  included  in  tbe  Savannah  Reiml. 
and  is  issued  by  the  Augusta  Cotton  Exchange  through  their  Committee 
on  Information  and  Statistics,  composed  of  L.  L.  Zuiavsky,  Chairman,  .1.  J. 
Pearce,  E.  D.  Kelley,  E.  W.  Heard.  L.  C.  Nowcll,  A.  M.  Benson,  Wm.  M.  Read. 

Geoi^ia. — Average  date  of  replies.  October  1. 

Tbe  weather  if  generally  reported  as  having  been  very  dry  and  hot  up 
to  abont  September  15,  and  thereafter,  to  October  1,  cool,  cloudy  and 
rainy,  with  an  excessive  rainfnll  in  some  parts,  and,  in  many,  serious 
damage  is  reported  by  rust,  very  little  by  rot,  and  3  to  5  per  cent,  by 
storms.  The  rains  prevalent  during  the  last  few  days  of  September  aie 
reported  to  liave  impaired  tbe  quality  of  tbe  crop,  both  in  grade  and  staple. 
Picking  began  in  a  few  counties  as  early  as  August  20,  but  did  not  become 
general  until  about  September  5.  The  hot  weather  of  the  preceding  three 
weeks  having  forced  open  much  cotton,  rapid  progress  was  made  until  the 
middle  of  September,  after  which  time  rainy  weather  interfered  miterially 
with  the  picking.  The  tenor  of  a  great  majority  of  our  replies  indicates  that 
a  killing  frcst  at  the  snme  t'me  as  Isst  year  cannot  materially  affect  the 
yield  now  in  view,  and  which  is  almost  unanimously  e-timated  at  less  than 
last  year.  It  may  possibly  be  reduced  by  about  5  per  cent.  The  mai.irity  of 
our  correspondents  express  the  conviction  that  tbe  yield  of  this  Territory 
will  not  reach  that  of  last  year  by  from  15  to  20  per  cent.,  while  many  speak 
of  from  V>  to  30  per  cent.  The  larg.st  portion  of  the  crop  U  now  open  and 
ready  fpr  picking,  and  in  some  counties  from  one-half  to  two-thirds  of  the 
crop  is  reported  as  already  picked.  The  movement  to  market  is  generally 
reported  as  having  been  prompt  thus  far. 

Cliarieston  Department 

covers  the  Sfaie  of  Smith  Carolina,  and  is  prepared  and  issued  by  the 
Charleston  Cotton  Exchange  through  their  Committee  on  Information  and 
Statistics,  composed  of  Jas.  S.  Murdock.  Chairman,  Wm.  J.  McCormack,  L. 
J.  Walker,  J  M.  Thompson,  W.  K.  Steedman. 

Soutli  Carolina.— Condensed  from  65  replies  received  from  26 
counties  ;  average  date,  Oct.  1. 

The  weather  is  reported  by  nearly  one-half  of  our  correspondents  as  being 
dry  and  favorable,  while  the  remainder  report  dry  followed  by  wet  weather, 
heavy  rains,  cool  temperature,  and  in  one  case  light  frost.  Thirteen  report  no 
damage  to  the  crop  from  rust,  rot  or  storms,  while  all  tbe  rest  report  injury, 
chiefly  from  blight  or  rust,  amounting  in  many  Instances  from  one-quarter  to 
one-third  of  a  crop.  Picking  began  generally  from  the  S4th  of  August  to  tbe 
lOtb  of  September,  and  is  commonly  reported  as  proceeding  rapidly— even 
more  so  ihan  Last  year.  Many  report  tbe  crop  as  being  already  gathered  to 
the  extent  of  one-half  to  three-quarters,  and  as  being  as  freely  sent  to  market. 
With  frost  at  the  usual  time,  tbe  prospective  yield  indicates  a  falling  ofl'  in 
comparison  with  last  year  of  IflV  per  cent.  A  few  correspondents  say  that 
the  yield  of  lint  is  less  than  usual  to  the  same  amount  of  aeed-cotton,  which 
is  attributed  to  the  severe  drought  in  July. 

Conclusions  from  Reports. 
It  -will  be  seen  that  the  Oaiveston,  Savannah  and  North  Caro- 
lina reports  have  failed  to  reach  us.    But  if  we  estimate  Georgia 
•t  15  per  cent,  less  than  last  vear  (the  total  decrease  certainly  oan- 
|lot  be  lees,  if  the  Auguttft  Eschasge  is  correct  in  putting  their 


North  Carolina. 
South  Canlina. 

Georgia 550,000 

Florida 63,000 

Alabama 600,000 

Mississippi 5.50,000 

Louisiana 375,000 

Texas 475.000 

Arkansas 335,000 

Tennessee 210,000 


Increase  and 
decrease. 
Same  yield. 
19}  per  cent  deereate. 
15    per  cent  decrease. 
Same  yield. 
Same  yield. 
10  per  cent  increase. 
3  per  cent  decrease. 
10  per  cent  increase. 
20  per  cent  increase. 
80  per  cent  increase. 


Yield  year 
end'g  Sept. 
1,  1876. 
275,000 
321,000 
467  ,.500 
63,000 
600,000 
605,000 
367,500 
522.500 
402,000 
252,000 


Total  crop 3,833,000 

In  giving  the  percentage  of 


3,875,500 
increase  or  decrease,  there  is,  in 


some  cases,  difficulty  in  fixing  the  figure  which  is  indicated  by 
these  Cotton  Exchange  reports.  Take  Mississippi,  for  instance — 
the  Mobile  department  gives  its  portion  of  that  State  at  from  the 
same  to  30  per  cent,  increase,  while  tho  New  Orleans  department 
states  that  its  portion  will  barely  reach  the  yield  of  last  year,  and 
Nashville  is  quite  non-committal.  Under  these  circumstances  we 
have  determined  that  10  per  cent,  increase  for  the  entire  State 
was  a  fair  conclusion.  If,  then,  in  these  percentages,  we  have 
correctly  represented  the  intended  meaning  of  the  Cotton  Ex- 
changes (and  we  think  that  our  readers  will  see  that  we  have  come 
as  near  to  it  as  possible),  the  crop  indicated  by  these  reports 
would  seem  to  be  about  3,875,500  bales,  or  say  3,000,000  bales 
aa  the  outside  figure. 

AoRicui.TDRAi,  BuKEAD  Repokt  FOR  OcTOiiER  IsT. — By  tele- 
graph to  nigiit  wo  have  the  Agricultural  Bureau  figures  for  Oct. 
Ist,  but  have  received  them  so  late  we  have  not  time  to  work  out 
any  result  from  the  statement.  For  comparison  we  add  the 
returns  for  the  same  time  of  the  four  previous  years. 

Cotton  Statea  1875. 

North  Carolina 85 

South  Carolina  77 

Georgia 71 

Florida 70 

Alabama 94 

Mississippi 96 

Louisiana 90 

Texas 83 

Arkansas 103 

Tennessee. itO 


»74. 

1873 

1572. 

1871. 

a5 

83 

90 

80 

82 

80 

8« 

7.5 

8(1 

8J 

88 

7i 

8: 

76 

75 

78 

7.S 

78 

82 

76 

74 

75 

78 

76 

(12 

72 

72 

7.1 

70 

80 

83 

70 

.55 

83 

75 

82 

56 

90 

•0 

91 

72 


79 


78       7SX 


Average  of  the  ten  States 

Liverpool,  Oct.  15.— 4  P.  M.— By  Cable  from  LrvERPOOL.— 
The  market  opened  steady  and  closed  firm  to-day.  Sales  of  the  day 
were  12,000  bales,  of  which  3,000  bales  were  for  export  and 
speculation.  Of  to-day's  sales  7,000  bales  were  American.  The 
weekly  movement  is  given  as  follows  : 
Sept.  24. 

Salesof  theweek bales.    60,000 

Forwarded 8.000 

of  which  exporters  took 10,000 

of  which  speculators  took 6,000 

Totei  stock 714,000 

of  which  American 350.000 

Total  import  of  theweek 23,000 

of  which  American 4,000 

Actualexport 14,000 

Amountafloat 282,000 

of  which  American 14  000 


Satur. 
.@6  15-16 
-®7K 


Mon. 
.©1  15-16 
.®T.¥ 


Tues. 


.®TK 


Oct.  1. 

Oct.  8. 

Oct.  15. 

61,000 

86.000 

105,000 

J.OOO 

4,000 

3,000 

12.000 

14,000 

1.5,000 

3.000 

.5,000 

15,000 

713,000 

6'i«.000 

fi  11.000 

322.000 

334,000 

2:2,000 

63,000 

41.000 

58,000 

3,000 

7.000 

13,000 

14.000 

11,000 

7,000 

23t).00fl 

23;,ooo 

2:9,000 

15,000 

3a,  000 

48.000 

ng  prices  of  cotton  for  the  we  k : 

Wednes. 

Thurs. 

Frl. 

..®7)i 

..ma 

..a7« 

..(&1H 

..&!% 

..®7X 

if 


if 


Spol. 
Mia.  Uplds.. 
do  Orleans. 

SATDBPaT Oct.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  steamer 

if  required,  6  I5-16d, 
Nov. -Dec.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required,  6  15-16d. 
Dec. -Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail.  If  re- 
quired, 7d. 
Jan.-Feb.  sliipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  7d. 
Oct. -Nov.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6%d. 
Jan.-Feb,  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  15-16d. 
MoKi>AT.»-Oct.  delvery  from  Sav.  or  Cfcas.,  Low  Mid.  clause,  6%d.  bid. 
Oct  -Nov.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  BJ^d.  bid. 
Nov.-Dec.  shipment  from  Sav.  orChis.,  Low  Mid.  clause,  6y,A.  bid. 
Dec.->Ian.  shipment  f.om  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail, 

required,  6  15-ldd.  bid. 
Oct. -Nov.  shipment  from  New  Orleans.  Low  Mid.  clause,  7  l-16d.  bid. 
Nov.-Dcc.   shipments  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail, 

required.  6  15-I6d 
Dec.-Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required,  7a. 
Oct. -Nov.  shipments  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 
rftiulred,  6  15-16d. 
TtWSDAT.- Nov.-Bec.  delivery  from  Sav.  or  Cha."..  Low  Mid.  clause,  7d. 

Oct.-Nov.  shipments  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail.  If 

required,  7d. 
Nov.-Dec.   shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  If 

required.  7  l-16d. 
Dec.-Jau.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  If  re- 
quired, 7  l-;6d. 
Oct. -Nov.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  7d. 
Nov.-Dec.  shipment  from  Sav.  or  Chas.,  Low  Mid,  clause,  7d. 
Nov!-Dec.  shipments  from  Sav.  or  Chas.,  Low  Mid.,  clause,  by  sail,  if 
required,  7  l-16d. 
Wbdnxsdat.- Feb.  delivery  from  New  Orleans.  8>f  d. 

Oct.-Nov.  delivery  from  Sav.  or  Chas  ,  Low  Mid.  clause,  7  l-16d. 
Nov.-Dec.sbipment  from  New  Orleans.  Low  Mid.  clause,  7  S-16d. 
Oct.  shipment  from  Norfolk,  Low  Mid.  clause.  7  3  IBd. 
Nov.-Dec.   shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required,  7  3-16d. 
Dec.-Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required,  7  3-16d. 
Jan.-Feb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  If 

required,  TXd. 
Sec-Jan.  shipment  from  New  Orleans,  Lovr  Mid,  cUaie,  by  «ail,  l( 
rei^ulred,  TXd, 


October   16,  lo75.J 


THE   CHBONICLE* 


377 


Oet- 
Vm.UUtmi 


Oet-R«r.  ihlMaat  fron  New  Orieant.  Low  Mid.  cUaM,  7  5-lM. 

•hlianeo' 
raqolt^  7S-1M. 


^^ Low  Mid.  cUqm,  Did. 

NoT.-Dec  •hlianeota  from  S«v.  or  Chu.,  Low  Mid.  cUom,  bj  lall,  If 


t  an.  or  Cbu., 


TaCBUB&T.— OcL-NoT.  dellTe<7  from  Sar.  cr  Chu ,  Low  Mid.  ckiuc,  7  l-Md. 
JsD.-Pcb.  ihlpiBMiU  from  S«T.  or  Cbu.,  Low  Mid.  eltuM,  by  Mil,  If 

rcqilr«4.  7  S-iad. 
yait.-Dae.  •hlpmsal  from  8«r.  or  Cbu.,  Low  Mid.  daoK,  b;  Ml),  If 

reqalmi,  oOWod  •■  7Xd. 
Oct -Not.  dellrcf;  fnia  8sr.  or  Cbu..  Low  Mid.  clkOM,  7d. 
Dec -Jan.  (hi  i  meat  from  9*T.  or  Cba*.,  Low  Mid.  claoM,  Td. 
KoT.-Drc.  •bipmenu  from  Bar.  or  Chu.,  Low  Mid.  claiue,  by  all,  !f 

rvqalred.  7d. 
Fbioat.— OcL-Nov.  dcllTarr  from  8aT.  or  Cbu.,  Low  Mid.  eUiw*,  t  IS-IM. 
Oct-NoT,  •hiiimeot  from  Bar.  or  Cbas..  Low  Mid.  claoae,  by  nil,  if 

reqnlred,  onered  at  Td. 
XoT.-Ocr.  abltimeDl  from  Sav.  or  Cbaa.,  Low  MM.  daaaa,  b^  lail,  if 

mjBirad,  7d. 
Uoc-Jaa.  nblpaMBla  from  Sar.  or  Chu.,  Low  Mid.  ciaaM,  by  wJ,  if 

reoD^ed,  In. 
Fob.-Mardi  dellrery.  Low  Mid.  cUdm.  7  l-ltd. 
Jaa.-rob.  ahlpacBi  from  gar.  or  Cliu.,  Low  Mid.  daoM ,  by  nil.  If 

nqgircd,  7)<d.  bid. 
Dac-Jaa.   ahliMaeBi  from  Sar.  or  Cbas.,  Low  Mid.  eimae,  b7aall,if 

nqslrad,  7iid.  bid. 

Tnx  KXPORTS  OF  CuTTOK  from  New  York,  this  week,  ihow  an 
iocreaae.  an  oompired  *ich  last  week,  the  total  reaching  14,050 
bales,  against  1:1,998  bales  laat  week.  Below  we  ^ve  oar  usual 
table  showing  the  exports  of  eottun  from  New  \ork.  and  their 
directioL',  (or  each  of  the  last  four  weeks;  also  the  total  exports 
and  direction  since  Sept.  1.  1875;  and  in  the  laat  ooliuun  the  total 
for  the  Kanie  |)»>ri'id  of  the  previoos  year. 
Bx»«r(a»rCat(aa(kal«a>nw  New  r*rk  •iaeeSeyt.Ii  I8K 


wan 

■aone 

Total 

to 
data. 

tt,*M 

palod 

-r 

"».•• 

Oct. 

1 

Oct. 
U. 

|icer*B> 
far. 

Ll*«rpool  

t.m 

MM 

ll,»t 

M.*n 
io,fln 

4S,aB 

OUmt  BriUab  Porta 

Tetal  (•  Ct.  BrltalB 

Harre 

Otbar  Praaeh  pert* 

Km 

S,M6 

ii,aoi 

IS4 

U.HI 

«3.m 

KM 

letal  Vrsaek 

Bi— a»  aad  Btmofm 

Haabeif               < '    • 

•  ••■ 

MM 

IM 

MR 

m 

Otbar  iNMta.  ..■««*•.•••■•.. 

M 

T«(al  M  n.  B«r*|>«. 

It 

MN 

MM 

urn 

MM 

um 

Tjlal  arala«*e. 

t,7n 

~T,T« 

.... 

.... 

.... 

•raa4  Taul 

IMW 

u.m 

4tJM 

4MH 

The  followiof  are  th 

MS  of  ( 

xHtona 

tMew 

Tork.l 

ioalMi. 

PhUailelplUaaad  BalUmore  for  the  last  week,  and  slaea  gayt.  I,  'TO; 


TOXM 

faraaaah.... 

MoSil. 

->ltMI 

lVortb*ra  Perls 

Tea; 


al  this  year 
tallaatysar. 


■aw  Toaa. 


This 


'MB 


Sli 


m 

IMM 


«.iB^ 


■UJI 
■nil 


I  lain' 


I  raii.aBSLr'u    aaLraMMa. 


Tkls  ,  8lac« 
SapCL 


1«« 


M«T 


II.TII 

nJKm 


Tbia 
weak. 


Slac* 

SepD 


Tbia 

weak. 


HI    MR 

'li* 


MM  ijn 


exports  reported  by  Uimpmfik, 
icLB  last  Friday,  eseept  Salvesl 


'fvo  MBwa.— Tbe  exporto  of   eeUon   from  the  United 

lie  past  week,  ■•  par  UUtI  wmO  rctams,  hare  naehad 

<—     So  far  as  the  Soathem  ports  at*  eooeatsed,  ihMS 

Ml  pabUdMd  Is 
aao  tiM  flffwas 
lUst  port  are  the  arsports  for  two  weeks  back.  With  regmid 
New  York,  w«  laelsoe  the  manifests  ot  all  reesels  cleared  no 
Wednesday  night  of  this  week. 

Total  balsa 
wToas-TsUTstpool.  par  -rimiri  WaaMMl       BMhlfl.in 

l>«r  abta  Obwwan,  7W IOlMI 

r    Rraesa.paratiaMrMeaal.IJN ".    ijij 

.!•>•• 1.M0 


Below  we  giro  all  news  reeeiTed  to  date  of  disasters,  fte.,  to 
Teasels  earrylog  eotton  from  United  States  ports  : 

AcEu»  CABLTo!t,  bark,  la  nndergoing  eztenaive  repairs  at  the  atone  wharf 
near  the  thipyurd,  Rockport,  Me. 
Cotton  (reigUts  the  p&ai  vredk  hare  buao  as  follows : 


. Urarpool. — 

~>— Htrra.— . 

Steam. 

Ban. 

Btaaa-flafl. 

steam. 

d. 

d. 

e.       e. 

c. 

Saturday...  7-l«  M 

IV-M 

1  comp. 

Monday....  7-1*  W 

s-n 

\A}^ 

t  oomp. 

Tnceday...  7-l«(  M 

5-t6 

3iw?t 

I  comp. 

WedDMday  7-l«l  * 

S-IS 

I  comp. 

rhnraday..      Hi  \H 

&-]« 

1  comp. 

Friday.  ...  7-l«  \S 

5  10 

X&H 

1  comp. 

Market  ateady. 

Sail, 
e. 


,/— Bambiirg.-« 
Steam.  Sail, 
c.  e. 
Xcomp.  .. 
Koomp.  .. 
Xcomp.  .. 
Xcomp.  .. 
Xcomp.  . . 
Xcomp.    .. 


Cordova.  MM  ...OetUar. 


i,m 


<  •mberr.  prr  itMaier  Oslafi^iac 
'■■■tadt  *',psralaaaMrOtMlo.. 
-tAH*-  Tit  LlTwyeol,psr  Stsasim 

To  B(am,  par'barto(MMttulwTB,'7i«.'. ..Haaalst.  BeU,  V.in'.'.:.  iS 

To  B»«al.  a»  rtiiMW ■twsaban, im ,  Cm 

.ataaroa   »»  Bsera.  par  beiH  aaa  eel.  W»  PplMd ..,..  ^M 

'"«'>'*  .*» ■"■?■.  per  staaaar pto,  W»,,„ ;.,„  m 

•TOW -T» Uiapasf  psriliaa w Msratboe, Mi m 

.A»nj«a-To  Uwrpeol^paeteseM.  Oliio,TW..^. J::,,;.;;  m 

^PsAiwiaoD-ToUrerpasl.  par  ship  OcsaaKlacA IB 

Total  ||,n| 

'  tie  jartlealarsoi  tusoe  shipments, arranged  la  onr  aaaalfona 
tr*  as  follows: 

IJTot  Bra-  Bam-  Croa. 

■  ' •n fMH     ....    I.MI   I.Mf    ....      Mr   ujao 

fm  i.i»   MM   ....  tijm 

no  in 


adelpbia 
Fr«     - 


9 


BREADSTUFFS. 

Pbioat.  p.  M.,  October  15,  1875. 
The  Soar  market  opened  the  past  week  a  little  depressed,  and 
prices  gare  way  slightly  under  dull  accounts  from  abroad,  a 
decline  in  wheat,  and  the  scarcity  and  higher  rates  of  ocean 
freights.  Bnt,  on  Tuesday,  city  millers  were  enabled  to  make 
cootraets  for  their  October  product  at  full  prices,  and  sinee 
then  tbe  market  baa  been  steady,  though  without  decided 
advanee.  Brceipts  have  been  more  liberal  both  here  and  at  the 
West,  and  the  anxiety  of  receivers  to  realize  has  counteraoted 
tbe  baldening  influences  that  have  been  at  work.  Kye  flour 
shows  aoms  revival  of  demand,  and  eorn  meal  has  been  active  at 
some  advance.  Today,  the  market  was  active  for  export,  the 
sales  Invading  6,000  barrels  Wisconsin  extra  at  fS  85,  and  S.SOO 
barrels  Minaeeota  pateoU  at  $8(^98  25. 

Tho  wheat  market  mled  dull  and  weak  early  in  the  week,  but 
has  latterly  been  advancing,  owing  to  lower  ocean  freights  and 
more  favoimble  foreign  advices,  with  some  revival  of  speea'ative 
contidenee.  In  tbe  eonrse  of  Wednesday  and  Thursday  there 
were  sales  to  the  extent  of  half  a  mllllun  bushels  at  $1  00@f  1  09 
for  rejoelsd  spring,  ^$1  10@|1  16  for  No.  8  do.,  |1  39(^$1  37  for 
No.  3  Chkico  aad  Northwest,  |1  38@|1  31  for  new  and  old  No.  S 
MiiwnahM.  and  $1  S3«^$l  37  for  No.  1  spring.  A  feature  of  tho 
bnainsM  was  in  old  No.  1  Minnesota  spring  at  the  extreme  prico 
ol  |1  tf  la  store ;  new  No.  1  white  sold  at  |1  39c>i|l  40,  choice  do. 
$1  m^ffl  60,  aad  fair  to  prime  new  red  and  amber  winter  at 
91  17Afl  88.  Tcwards  the  doee  tue  Inferior  qualities  of  new 
whsot  uo  less  plenty,  and,  though  not  in  much  demand,  show  n 
more  dseWed  ad  vaooe  than  the  better  grades.  To-day,  there  was 
a  farther  advance,  with  large  sales  of  No.  1  spring  at  |1  37(^1  40. 
Indian  eorn  has  been  active  for  export  and  home  use,  and  prieea 
advaoead  on  Toesday  to  74<d74)c,  for  sail  mixed,  from  which 
there  was  a  decline,  with  a  considerable  business  yesterday  at  714 
r^TSo..  with  staaaer  mixed  going  at  70(»71c.  The  Inferior  quail. 
tiea  haw  bseome  eomparatlveir  ecaroe.  Receipts  at  tbe  West 
show  anas  falling  off,  and  this  fact  has  stimulated  spseulation. 
To  d»j,  tho  marksl  waa  qaUt  at  73e.  for  prime  sail  mixed. 

Byshw  bsoo  qalel,  with  prices  rather  dropping.  Barley  at 
t(<^  dnllae  haa  been  quite  aetlve,  mainly  at  $1  10(#|1  13  for 
good  sis  rowed  State,  and  (l  'i><(4i  36  for  KOod  to  choice  Canada 
Wast.    Cknada  peas  have  sold  at  ft  10  la  balk  ic  bond. 

Oats  hrara  been  higher,  owing  to  reduoeii  receipta  at  all  points, 
which  hava  stimulated  speealatlou.  No.  3  Chicago  sold  as  high 
sa  4914601.,  but  bad  receded  yesterday  to  iSr.  To-day.  tbe 
market  VM  doll  aad  drooping,  with  No.  3  Chicago  quoted  at 
47"47i«. 
The  toUowing  are  closing  quouUoaa : 


Bo.  I 

■apartaellau 

•rn 

■itr>  Slata,  Ac 


..•bb;. 
*  Wast- 


I  Uaaia. 

K  0D«  t  7S    Wkaat-MaaiprlDcbsaOtfl  ua  1  18 

'      .4o.laprt&« tU     in 

(MStWl     Mo.  labrlag 1  SS   i  1  n 

.<...<>.«.,•<.  .^^...     snipn      Sod  wsstara l  so  i  1  is 

Wei'era  SprlDt   wbset                         Aaber  do 1  M  i  1  4B 

eiirat I  «•  »  M       White 1  n<  i  I  U 

doXXaad  XXX.^....    1  Mi  i  OC   Oora-Waetam mixed...  Mi  n> 


t  151 


15a  tu 

oaf  He 


do  wlatar  wbast  H  sad 

XI 

OltyahipplBg  aowae^.. 
Oltj    trade  and  family 

brandt.        ...     •  MS  t  Ou 

Boetbeiahakari'snd  fs- 

liyamads     7a9sa»| 


■oatbefBSblpp'gaztns.. 
|ya«oafcssaalai 

Ooraaasl   Wsstera.  *«. 
Oom  maal— •r'wtaa.  Ac. 


WhIU  Wsstera. 

Tallow  Wasters.. 

Soatbara.ysHow.. 

Rya 

Oaia— Black 

MIzad 

WhIU 


73 


M 


7  13  ;  Barley— Waatars.... 
I  Ml     Canada  West...  .. 

inl     Blata... 

t  n  I  Paaa— Canada 


73 


m 


t  IN  I  1  U 

1  oo  1 1  n 
1  :oI  iM 


.iMn  im  1,310  Lin  i,m 


7B 
"W7    M,lTi  ' 


The  movement  In  breadstnSs  at  this  market  has  been  as  fol* 
lows  : 

■siimi  n  II  asw  voaa.      »  ■■  -sxroaTa  rnoa  saw  voaa.— — ^ 

,         ttm. .       BInee    . 1W». .    . 1874. -. 

Tor  tbe     Blaes         Jaa.     Port  a     BInee     For  the      Since 

weak.     iaa.  1.      1,1*14.     week.     Jan.  I.       week.      Jaa.  t. 

Ploar,  bMs.     K,s:«    t,7IIUM0    t.On.««     ».an    1.440.746       J73U    1,7«,H6 

aaaal,".     Xn«       l«t.1VI       I4T.IM       1040       I4l,7n        l,tM       14«,«R 

Wbaai,  W  MB.41I  ti,Ma,t»  Hm.«n  Mi.4n».u:,4n   snjiu  «.ipi,iM 

The  Mloirtag  tables  show  tbe  Grain  In  sight  and  tbe  movs. 
meat  of  BrsadMaffh  to  the  latest  mall  dates  - 


I 


378 


THE  CHRONICLE. 


[October  10,  1875. 


RBCBirra  at  lake  ahd  ritbr  ports  for  thb  wbbk  bndimo 

OCT.  9,  1875,  ASD   FROM  AOOUST   1   TO   OCT.  S  : 

Flonr,  Wheat,  Corn.        Oat«,      Barley,        Rye, 

bbls.  bn»h.  hnsh.        bunh.        bush.        bash. 

At—                        (IMIbs.)  (GOlba.)  (56  lh«.)    (8i  lbs  )    (48  lhfi.H56  lbs.) 

ChtOKO ~..».     31,419  667,867  55.1,090       447.599      180.808       44.544 

Mllwankee 85,870  96.V0.>S  19.960         63,960       69,685        9,800 

Toledo »,180  31.5.116  94.166        69.906       59.859           SCO 

Detroit 11,616  309,891  9,018         35,585       21.39J           400 

CloToland. ».885  38.150  8,1.50         23.675        8.1,450 

BLLontl 87.508  2.)6.14J  »0,858       167,201       97,973        <.0S4 

Peoria J.W8  14,710  87,760       146,910       1S,500       10,560 

Dnluth 3,500  82,307            


Total 127,23-1 

ProyiouB  week 107,395 

Oorreep'ng  weok,'74  148.302 

•78.  ll.\S50 

"         'Ti.  15t,:!70 

"  "il  106,351 

"  '70.  15B..393 

Total  AnK.  1  to  date 

Bametime  1874. 


2,628.768 
2,107.070 
2.681,768 
l,113,0i12 
2,13.3,073 
1,181,811 
1,113,205 
881,763  17.554,648  11,614.2W 
1,108,551  20.025,186  tl,429,0;3 


Same  time  1.ST3 1,214,395  21.964,661  19,21i,599 

Same  time  1872 1,128,336  17,18 j,«5  20,120,696 


8,327,163  1,973,126 

7,611,170  1,675,651 

6,598,4)1  2,168.315 

6,936,924  3,162,7« 


71,85 
8S,434 
51,126 
32,076 
68,882 
39,718 
70.888 
638,444 
484,779 
6 1 1,012 
593,606 


*  Estimated. 

Shipments  op  Floor  and  Gr.\in  from  lake  porta  fot.  the 
weeks,  aud  from  Jan.  1  to  Oct.  9,   inclusive,  for  four 


last  (our 
years: 

Floof, 

Week  ended—  hbU. 

Oct.9,  ";5 145,610 

Oct.2,"75 122,086 

Sept.  25, '75 1119,739 

Sept.18,'75 108,611 

Jan.  1  to  date.. 
Same  time  1874 
Same  time  1873 


Wheat,       Corn,  Oa;a,      Barley,       Sye, 

baflh.         hnsh  hnsh.       bnsh.        baah 

1, 999,39  (    1,069.881  «%.00a     188,189       69.789 

1,611,662     1,097,513  873,2.52      146,651        88,280 

1.5,81,303     1,251.290  684,019      1.33,7ili        31,214 

1,492,117     ],.579,359  646,717      100,279        34  672 

....3.870.914  60.99.-),304  35,279.195  13,98.1,037  1.651.194      631,479 

....4,4.?3,901  49,942,63.5  38,980.966  13,676,.5S1  1.870,498  2.511,709 

....4,864,277  43,219,295  41.568,184  17.79.'),727  2,625,984  1,1.32.164 

Sume  time  ISW 3,298,059  21,118,250  58,13-3,846  15,121,021  3,068,786      940,8f9 

KE0RIPT8  OF    FLOOR    AND  QRAIM   AT  SBAItOARD   PORTS   FOR  THB 
WBEK  BHDING  OCT.  9,  1875,  AND  PROM  JAN.  1  TO  OCT.  9  : 


At- 
New  York  

Flonr. 

bbls. 

..     96,711 

Wheat,         Com,         Oats, 
hnsh.           bnsh.         bnsh. 
712,161       720,601        3117.568 
21,637         85506       123,365 

6,500 

139,270       1.36,821         22.716 

76,800        161.400        106,400 

54,200         70,*10         31,800 

45,189         49,320 

1,007,0«8    1,229,317       611,197 
1.0.52,82)    I,072..352       702,859 
1,261,441        618,112       68.5,711 
38.712,.565  41,982.203  14,266,873 
50,477,496  43..897.&3!  1-5,465,903 
35,433.797  38,832,071  17,705,290 
14,667,741  61,271,042  17,985,014 

Baricy, 
hush. 

131.500 
15,319 
2,100 
16,174 
81,500 

Hye, 
bnsh 
43,214 
400 

4;6n(i 

1,300 

..      46,209 

Portland 

Montreal 

PbiladelphU 

Baltimore 

New  Orleans 

2,300 

.      32,0J6 

..      23.260 

...      17.423 

...      33,240 

Total 

Previous  week... 

Cor.  week  '74 

Total  Jan.  1  to  da 
Same  time  1874... 
Same  time  1873... 
Same  time  1872. . . 

...     251,199 
. .     205,5!9 
..    219.597 
tc. 6.977,003 
...8,072.200 
.  ..7,122,977 
...6,291,807 

S,5S,593 
160,4.57 
213,410 
991,050 
1,099,431 
1,396,079 
1,974,146 

49,414 
H,450 
55,496 
277,105 
748,867 
931.680 
467,5.34 

Thb  Visible    Hdfplt    op   Uuain,    including  the  atocks  in 

granary  at   tho  principal   points  of  accumulation  at   lake   and 

seaboard  ports,  in  transit  on  the  lakes,  the  New  York  canals  and 
by  rail,  Oct.  9, 1875  : 

Wheat,  Com,  Oats,  Barley,       Bye, 

bush.  bnsh.  hnsh.  bush.      bnsh. 

In  store  at  New  York 5.883,502  1,68-2.246  439,698  21.688      10,918 

In  store  at  Albany    9.2no  2.3,500  60,000  60,000       6,60i) 

In  store  at  Buff»lo 142,923  217,055  3.1,219  63,062 

In  store  at  Chicago mi.m  875,670  324,526  210,461    105,657 

In  store  at  Milwaukee 709,716  31,869  51,387  70,702      18,800 

In  store  at  Dnluth 103,810  

In  store  at  Toledo 765,708  387,426  248,602  7,470       1,664 

In  store  at  Detroit 413,457  3,697  20,511  16,360          800 

In  store  at  Oswei!0» 12.5,000  5(r,000  30,000  12..500       1,500 

In  store  at  St.  Lonis 493,312  18,111  141,202  98,419      15.847 

In  store  at  Peoria 8  9.55  2OS.045  129,582  1.169      87^8 

In  store  at  Boston 19,923  120,094  124,706  6,5.37           96 

In  store  at  Toronto 2,19,381  600  9,822  229,4)2          617 

In  store  at  Montreal 182,741  30,266  1,011            

In  store  at  Philadelphia* 225.000  218,000  75.000  25,000       8,600 

In  store  at  Bultlmore 432.267  495  833  50,000  50.000       4,500 

Lake  shipments  1,72,5,193  697,897  381,140  20,2.'ia      54,161 

Rail  shipments 274.191  371,987  481,922  167,939      15.575 

On  New  York  canals 1,536.870  534,146  136,757  253,6t,0       9,500 


Total 9.662.427 

Oct.  2.  1875 8,947,.18i 

Oct,  10,  1874 10,588,098 

»  Estimated. 


5,967,392 
6,631,861 
5,787,814 


2,744,0a5 
2,526.929 

2,887,817 


1,273.689 
911.017 
919,906 


314,697 
312,  l»i 
162,467 


THE  DaY  GOODS  TRADE. 

Fbidat,  p.  M.,  Oct.  15,  1818. 
The  trade  movement  the   past  week   has  been  spasmodic  and 
irregulhr  with  manufacturer's  agents,  and  while   a  liberal  aggre- 
gate amount  of  domestic  goods   has   been  distributed,  this  result 
has  been  reached,  in  a  great   measure,  by  means  of  price  conces- 
sions,  which  have  in  some  cases  entailed  loss  upon  the  producers. 
In   the   print   market   there   was   complete   demoralization,  and 
American,  Arnold's,  Bristol,   Dunnell's,  Garner's,   Mallory,  Orien- 
tal,  Richmond's,  Sprague's,  Southbridge,   Merrimack   and   other 
makes  were  reduced    from  |@lc.  per   yard,  and  were  sold  to  the 
extent  of  several  thousand  cases  at  the  revised  figures.   A  surplus 
stock  of   brown  sheetings,  manufactured   by  the  Atlantic  Co0on 
Mills,  and   al^o   amounting  to   several   thousand   packages,  was 
closed  out  to  H.  B.  Claflin  &  Co.,  who  sold  the  entire  line  in  two 
days,  at   lower  prices   than   have   been   reached  in  fifteen  years. 
The  Utica   Steam  Mills   closed  out   their  stock  of  wide  bleached 
sheetings   at   a   reduction   of    5c.   per    yard,    and    subsequently 
advanced  the   price  2ic.     These   snle^  had   a  depressing  influence 
upon  the  general  market,  and  buyers  made  their  purchases  in  a 
hand-to-mouth  manner  at  the  close  of  the  week.    There  was  also 


more  pressure  to  sell  some  descriptions  of  imported  fabrics,  and  a 
sale  was  made — on  private  terms — of  1,000  pieces  black  dress  silks 
of  a  popular  Lyons  make  to  a  prominent  retail  house.  The  job- 
bing trade  was  moderately  active,  and  a  fair  demand  for  re  assort, 
tnents  was  developed  in  the  South  and  West,  but  the  near-by 
trade  has  not  been  up  to  expectations.  There  have  been  a  lew 
failures  in  the  cloth  trade,  the  most  important  of  which  was  that 
of  Messrs.  Strauss,  Lehman  &  Co.,  with  liabilities  to  the  extent  of 
$500,000.  These  failures  are  mainly  attributable  to  the  shrinkage 
in  value  of  foreign  woolens,  aud  in  the  case  of  the  house,  above 
named,  no  loss  will  be  sustained  by  merchants  in  this  city  bS  the 
liabilities  of  the  firm  are  chiefly  iu  England. 

Domestic    Cotton   Goods. — Apart   from   the  l»rge  sales  of 
Atlantic  and  Utica  sheetings,  alluded  to  above,  and  a  brisk  move- 
ment in  cotton  flannels,  the  market  has  lacked  animation,  although 
a  steady  demand  for  staple   fabrics  was  experienced  by  agents. 
Prints  were  sold  in  very  large  amounts  at  the  reduced  price?,  but 
little  if  any  profit  was  derived  by  manufacturers  from  their  sale. 
Priat  cloths  opened  qui3t  and  continued  depressed  until  nearly 
the   close  of   the  week,  when  printers   entered  the   market  and 
prices  rallied  a  little  from  the  lowest  point,  closing  at  about  4Sc. 
for   extra  64*8.     Colored   cottons   have    been    inactive,  but  were 
nominally  unchanged   in   price,  although    cheviots   could  not  be 
considered   strong.      Corset  jeans  moved   steadily,  but  in  small 
amounts,  and  there  was  a  fair  demand  for  grain  baifs  at  irregular 
prices.     Cotton   batts   were   largely   distributed,  and   continued 
fairly  steady  in  price,  owing  to  the  comparative  scarcity  of  waste 
used  in  their  manufacture.    < Carpet  warps  and  twines  were  in  fair 
demand,  and   the    supply  has   been   redused  by   closing  several 
mills  which  have   lately  been  making  little  or  no  profit  on  these 
goods.     Ginghams  remained   active  and  scarce,  and  there  was   a 
brisk  inquiry  for  plaid  cotton  drees  goods. 

Domestic  Woolen  Goods. — The  event  of  the  week  in  this 
connection  was  an  auction  sale  of  200  cases  of  fine  white  blankets, 
manufactured  by  the  San  Francisco  Pioneer  Woolen  Company. 
The  experimt-nt  was  a  success,  and  will  tend  to  extend  the  repu- 
tation of  these  really  first-class  goods.  The  cool  weather  has 
stimulated  the  demand  for  both  flannels  and  blankets,  and  sales 
of  small  lots  were  made  to  a  considerable  aggregate  amount.  The 
traffic  in  woohsn  goods  for  men's  wear  was  interrupted  by  Hebrew 
holidays,  which  kept  numerous  buyers  out  of  the  market,  and 
sales  were  consequently  comparatively  light.  Overcoatings,  in 
both  plain  and  fancy  textures,  were  in  steady  request,  and  a  fair 
amount  of  these  goods  was  charged  up  on  account  of  former 
orders.  Worsted  coatings  of  heavy  weights  were  less  active,  but 
orders  were  received  by  some  agents  for  spring  weights  to  be 
delivered  next  month  to  the  clothing  trade.  Cassimeres  remained 
inactive,  and  only  the  most  novel  and  desirable  styles  were  lield 
with  firmness.  Kentucky  jeans,  satinets,  cloths  and  doeskins 
have  ruled  quiet  in  first  hands  at  nominally  unchanged  prices. 

Foreign  Dry  Goods. — Black  nil  wool  dress  fabrics,  including 
cashmeres,  merinos,  drap  d'ete  and   empress   cloths,  have   been 
firm  and  in  good  demand.     Colored  merinos  and  cashmeres  were 
more  active,  and  such  shades  as  seal  brown,  dark  green,  smoke, 
navy  blue,  &c.,  are  stiffly  held,  and  readily  bring  about  fifteen  per 
cent,  above  less  desirable  shades.     British  dr^ss  goods  were  much 
inquired   for,  but   the    short   supply   has   checked    transactions. 
Plaids  of  all  descriptions  have  been  in  steady  request,  but  de  bege 
effects  have  been  less  active.     Black  and  colored  silks  changed 
hands  in  considerable  amounts,  and  trimming   velvets  were  in 
improved  request.    Bibbons  were  largely  sold  at  auction  where 
previous  rates  were  maintained.     Linen  goods  were  in  steady  but 
moderate  demand,  and  more  disposition  was  raanil^ested  by  shirt 
manufacturers  to  operate   in  shirting  and  fronting  makes.     Em- 
broideries were   fairly   active,  but  white   goods  remained  quiet. 
Woolen  goods  continued  dull   in  'first  hands,  but  jobbers'  sales 
were  fairly  satisfactory.     A  large  line  of  Paris   broche  shawls  of 
the  "  Bideau"  make  was  closed  out  at  auction  and  brought  fait 
prices. 

vVe  annex  prices  of  a  few  articles  of  domestic  manufacture: 
Cotton  Sail  Duck. 


Woodberry    and    Drnid 
Mills  and  Fleetwing. 

No.0 40 

No.l 88 

No.2 36 

No.S    34 

No,4 32 

No.5 SO 

No.6  28 

No.7 26 

American 24  60 

AmoKkc'aj; 25  00 

Excelsior 27  50 

Lewiston 25  50 

Frankliuville..  25  00 

Montaup 27  00 

Granger 25  00 


No.  8 25 

No.  9 .   .    24 

USA  Standard  2ax  in. 

No.  10 22 

do          8  ox.    20 

do          9  oz.    22 

Light  dnck- 

do        10  oz.     34 

Bear(8oE.)29in..     17 

do         12  oz.    89 

do  heavy  (Ooz.)...    20 

do         15  oz.    S6 

Mont. Ravens  29in.    19 

Ontario  Twls,29in.    2t 

do         40in.    28 

do           ,3«ln.    83 

Ex  twlB-'Polbcm's"    12 

naKS. 

Ontario  A 30  00 

ISIarkA S7  00 

do      n .35  00 

1     do    C  3  bnsh      39  00 

do     C 40  01) 

1    <1o     2)<bnsh      31  90 

PowhattanA..      27  00 

PhilaA :w  00 

do         B..      35  00 

do   1*                   85  '10 

do         C.      40  00 

■    do  C 40  no 

Atlantic 2100 

Casco 87  00 

OctoUr  16  1876  ] 


THE  CHRONICLE. 


379 


latportatloas  or  Drjr  Goods. 

The  importatlona  ol  dry  Kood*  »t  thli  port  tor  the  week  «Ddiof> 
Oct  U,  1873,  aad  the  eorreapoading  weeki  of  1874  and  1873 
hftTe  bern  aa  foUowa  : 

arraaao  fob  ooaanxmoa  roa  raa  vaaa  aaona  ocToaam  11, 187B: 

, W7S ,     , ttn* . itm . 

Pkf.   Vaiae.  Pkaa.     Vmla*.  Pksa.    Valup. 

■aaafactarMof wool....    r}     |a6«,M«  T7S     ISr.«91  l,OI<     t'1$3.28« 

4o               eoitoB..   stl       iss.Mt  Tit      nu.151  MS      t}3.»a 

do                illk t*l        ni.UO  9M       OMIia  (»       4M.4M 

do                 flu 4:t        107.009  no        !■.■«  14T        111.4  « 

■tacaUaama*  dry  gooda.  MO       Ul.aw  m       111.919  tSI       i:).lS3 


Total. 


.  t.4U     {««.»•      S.M7  tM<*.»I       S>*9S  tl.U9.6M 


vrnoBAirx  raoa  w^aaaoota  uio  tbhowm  laTO  raa  HAaaar  DDana  raa 

•Aaa  raaioo: 

tUaafaetartaofwool....     m»     tSl.m         MS  tmjtm  619  tMl.flM 

do            coitoa..    MB      «.(]«       181  i5,ua  ra  »xis« 

do                itik m       140.SI6         111  ItLtflO  1»  t1UM\ 

do           lax as      Ti.n*      3SS  n.tss  sii  i(n.KTT 

KlaeallaBaoet  drr  (ooda.     ISS        M.9M         ISS  9a.lSS  m  »,lt8 


■Jcporta  or  lioatfluK  Ardeica  (ran  Netv  y«rk. 

The  followiog  table,  compiled  from  Custom  Uouee  returnp, 
ahoara  the  exports  of  leadioj;  articles  from  tlie  port  of  New 
York  siose  Janaarj  1, 1875,  to  all  the  priDclp.il  foreign  countiiee, 
•ad  alao  the  totals  for  the  last  week,  and  siDco  January  1.  Tlie 
last  two  llnea  show (otai  iia/uM,iDeIadin^  the  value  of  all  other 
articles  besides  those  mentioned  in  the  tahle 


"    S 


Total  1.381     tMS.«M      1.SW    IMkHS      1.1«     tOU.^S 

Addtat'dforconsaBipt'B  t,ttS      ttUOS      ifin    l.ta,801     a.lM    :.439,M) 


Total  tluowa B|>oa mnct.  8.8:««!.417. 997      B,1S7  |l,8a8,0»l      B,UI  fl-O^l.ulS 

aaraaas  roa  wAaaaocsoM  oiraon  aaas  raBMs: 
Hanatsctarnaf  wool....    (88    tlSUSS        ISl       tMMSr       170     ttM.MI 

tn      n,ats      m       m,ms     tos      wwt 


do 


COttOB. 

•Ilk.... 


■iMailanaoa*  dr;  goods. 


do 
do 


in 

T7J 
144 


196,98 
<I,OM 


MS 


Ui,W 
SMM 
19,108 


»9 

mm 

K» 

119.510 

iM 

<9,i*4 

Tolal    . 
Addsat'dfor 


.   I.9«     Vat.lM     l.«n    •419,010 
pta  t.45S       SaiLSaS     a,S47     1.9M,80I 


i.asi    tm.4tm 

Ik9a»     1.439.990 


fstalsfrad  Si  the  port.  1.440  tl.SH^^      £.990  tl.TiH.Ill      l^tlO  tl.9n,ai8 

laarorta  or  I<em4las  Artlelaa. 

The  following  table,  eompilMi  from  Oaatom  Hoaae  returns, 
shows  the  forelf  a  importa  ol  leading  articles  at  this  port  since 
Jan.  1, 1875,  and  for  the  mcb*  period  of  1874 : 

[Tb«  qiuaUtj  !•  ginu  la  purtajm  wkea  ao4  oihsrwtas  spsdasd.] 


1^     ' 


^^ 


i 


mi  If  M^ 


■laes 

JaaJ,*1SL 


Chlaa,  eiaas  aad 


VkiM 

Battkeawara, 

OI*M 

ai««wsr«  ..,, 

QUmpUU.... 

■altow , 


aacr- 

OUa,  MMBdai. 

Oil,  Olive 

Opiam 

»ada,bi«arkk.. 


tl,»l 
19.119 

isirs 

1.794 

lOTI 

40,911 

W.9II 

Mnuo 


9t.4U 
9SJftl 
Ull 


UasUm 


1^34 


M5 


lBaJ,*nk 


Oatknr... 
m    BvdWBia 
In^ULkan 

&^:: 

Tin.  boxaa. . . 
TlB»lab«,lbs 

Mar.  kkda,  ics.  * 


Mnr,  bxs  «  bHS. 

S,ii 

Wmu.. ...'.. 
Chaapacaa,  kka. 


Ctfars _, 

Uurks 

Faacy'iaoHi.'."'. 

risk.." 

rralla.  < 


9.r4 

81911 
W9I4 


Bani« 
ttBcl8T4 


.v:s4 

9««.M8 

I4i.i:i 

I,94:,t4l 

99.111        M.m4 


1M,4W 

t^iuns 

II1.4U 


i«tN9 

9,<)?I.9I8 

|(».NS 


S81.»S      v.-  119 

1.441.SI4    l..n:i»i 

••M90.      •Titit 


it.ia 


Bidas, 


Was 

•sa?^.;;::: 

gmsr. 


11188.418 
tBI.994 


^ 


U.TH 


04- 

55' 


i«  i$  lag  i  :2  :2?3  i  i  ssas  :g  :  .-"Z  ■  =S 

■  ■-*      ■  ■•*  ■  ^   g  ■  ■        -  •  •    -  §1 


•§lg 


S 


S8SS 


ill! 


tM.rn 


I.9I».»4 

»i:.si9 
Utl.94t 
11.911.1)3 

nn.ta 

II. wo 
iii.oa 

9SI.M4 
»1.T» 

113^18 

ll.fti 

iM.SM 

100.389 


■•«al»9a  •(  ••■aaMl*  Pr*«aa«. 

Th«  raeaipw  a(  domaaUe  pvadaea  sIm*  Jmomt  1, 1878.  and  for 
th*  Mmo  tin*  la  1874.  h*T«  bMS  M  foUowa  : 


faa.l.is. 


Oora. 
Oats... 

■ye 

Barlsr  sad  BHiL 


Pssa. 
O. 


fMaa. 
Rom. 


..»•. 


W1 


bw*.  91118^838  I4.1U,! 
Mja9J84  38,m 

1.981.749 

:(1.438 
tjSCJM 


■aval 
Gb.tarp 
"  'Tito  ^ 


UOI. 

"-  i^ 
*.an.itt 

«i.4U 


Mills 

«I3;4« 

11.411 


UssalS14 


7.141 


Flick. 


.OU€ 
l.On.448^  OU.  Isfd. 

-  xtmr 


Pkcs 


■laaa       

Jaa.l,1S|llaMlJT4 


t.9ir>  lUe*.. 
1.3n,l4S'  Stateb.... 
I9i79s;  rttewiaa. 

1.988.919;  ISagar.... 

rSaaar 

«,IU  Tafflow. 


r.i9« 

41,TI4 


!tl.l<S 

»4M 


•  :  :  :  =S  iSta   S  .85  i  :  ^«  :  :  :S»fS    lu 


«  :3  :  :p  :5S2  .|  j  j  jg*  ;-  :  j 


P     SS 

'I  :S» 

^  ii 


:-2  :SI  •  :S{ 

:  -g  :  :8  :"5  : 
J 

n 

•I :  :§s  ^  ii : 


V         <v     ^9sia5       ^e» 

'  ^     ^  Site's   |*§ 


;2a  rs  •  iS . 


Is 


;a5:  =1 


'II 


•I 


i  ;i§S  ;s5  i  :8  iS  -IS! SSS  ispsg  i| 

llfis  =  =§5  =  is!*  i  |2  if  :i  imi^  -Sf  SS  i  11 

I  •  :5  i  =  -SI ;  fSgS"  !§  I  82  isSgHS  -tmnX  ll 
I  • -rf    -I-     -^s       ■*     5*  "■    *     s'  ;S     :Sgg^ 

5 

! 


IJTsbsuu kkili 

iSMsk«7.  ...bbU. 

.     nifoal iwiM 

«14ll|  II*aasadHocs..Ro. 


380 


UENERAI. 

PRICES  OUftjtCKNT. 


THE  CHRONICLR 


[October  16,  1875. 


ASHRS- 
Po«..  .  .. 


9    • 


5H 


BKKADSTDFPS— B«e  tpeclal  raport 
BUILDING  MATEKIALI)- 
^fcA«— Common  bard,  afloAt 3  75    9    6  tf 

s!!?,'*'?-."v; >1<W   •  U  00 

PhlUdelptaU.   ....    J8  (H)    •  90  CO 

C«m«n(— K  tsendale 1  15    ^    \  u 

Lime — Rockland,  common 1  10   tt 

Kockland,  llnUtilnK 1  30    ^ 

•tiiwiActr— Southern  (>"ne as  JO 

Whlto  pme  box  boards 15  9(»    ^  .„  ^ 

Wblte  pine  mercban.  box  boards.  IS  00   a  ^1  00 

Claarploe    45  00   «  »  00 

QakaLdaata 40  00    " 

Blackwalnnt 75  ou 

Bprace  boards  A  planks 1100 

Hnralockboardii  A  planks 18  00    _ 

*''''«-:o««Od.com,fen  *  sh.y  keg   8  15   a 

Clinch,  IH  to  8  In.*  longer «  75    « 

IdAn* 9  <5   a 

Cntsplkes.allslies 3  45   a 

/wnM— Lead, white, Am, pnre.lnoll      loxa 

Lead, wb. ,  Amer.,  pure  dry 9J^« 

Bine,  wh.,Amer.  dry.  No.  1 7    « 

Sine,  wb..  Amer..  No.  1.  In  oil nx« 

Parlswhlte.Bnarllsh. prime  ffold...   130   • 
BOTTRK-CWholesale  Prlcef)— 
HalfSrklns(Ea8t'n;3as  to  selections      32   • 

■Welsh  tuba.        22    a       „ 

HalfarktnsCWest'n)  ••       "         ....       13   a      Hi 
Welsh  tubs         '•        "      "  ....       18   a      80 


OUHPOWDER- 


BlASTINO,  rOB    EAILSOlDt,  AC. 


a  35  OU 

a  18  00 


a  u  00 

9100  00 

a  ^2  00 
a  20  00 

a    335 
a    5  75 

a  5  5'j 

3  50 


1% 

u 

1  35 

84 


CREE8K- 

New  State  factory,  fair  to  good. . . 

Western,  good  to  prime 

COAL- 

Aothraclte  Oiy  cargo) 5  75 

Liverpool  gas  oannel 

Liverpool  house  cannal 

COFFKB— 

Klo,  ord.  carsoei,  6naM  days,  gold. 

do  fair,  do        gold. 

do  good,  do        Rold. 

do  prime,  do        gold. 

Java  .mats  and  bags gold. 

Native  Ceylon Kuid. 

Maracalbo   gold. 

Laguayra goid 

Bt.  uomiDgo gold. 

BavAuUla gold. 

Costa  Rlcs    gold. 

COPPKR- 

BolU 

SheatbmK.  new  (over  12  ozj  

Braziers*  Cover  1  fl  oz.) 

American  Ingot,  Lake 

COTTON— See  special  report. 
D80QS  It.  DYBS— 

Alum,  lump 

ArgolB, crude gold. 

Irgols, refined •• 

Irsenlc,  powdered •• 

Blcarb.BOda,  Newcastle •• 

Bl  chro.  potash  .  Scotch " 

Bleaching  powder " 

Brlin8tone,crude.  per  ton •• 

Brimstone,  Am.  roll fr]k 


11X9 


13 
lOK 

I  t  75 
12  00 
\h  00 


19  a 

21X« 

26  a 

21  3 
20K* 
20S« 

18  a 

20  a 

19  a 


iiXa 


19V 

20X 

21 

21 X 

29 

22 

23 

21X 

19X 

22 

22 

31 
30 
31 
23Ji 


«2  50 
800 

1  OO 

1  00 

1  00 

70 

70 


Saltpetre         do  do 

„,  ,  SPORTINO. 

Eoctrli  No»  lto.'!i(ral;i,inl  lb  sq.cani... 
Diamond  Rraln.  In  1  means.  •>i->."u.... 

Oraniio  lightning,  Nui,  1  to  7,  in  ilbcaris":: 
Bniicrn  iH  easis  spor  \m.  In  In  oval  cans  .. 
Amen  an  sporting,  in  lib  oval  cans 
oranitedui-kiug.  N....  itoS.  In  Ilk  cans  .1.:...       70 

eJ^i. -.'.-£"?'•■>■  ''■'"'.'a  evil,  kegs 8  44 

aagleduck  sbooti  n.  No«.  i  to  3.  In  «k  nk^n   8  41 

SS'l'oi'"'''  •"oolluK,  Not.  I  to  3.  UVB  kegs,  e  88 

gnckShootne,  .<oa.itoSgr.,  UKtti:   ....*'  egg 

So^^V.'.'^V^I^'^J  !":• '■> -val  lib  c»ns....;.  45 

Uttpon^'srina   Kg,  FfV.  FPFg,  m,  oai.s.  45 

»"""".',';"■•  *■'•"«■  ''''FS\«)4»B.....  :..'.■■  1  45 
S?.'     ■  Keniuckv  nne.  FFFg,  FKg,  and  8ea 


1  45 


i  (2 

4  75 


2X» 

17  a 
28  a 

,  sva 

...a 
1 90  a 

••■;     fe  40  00 

_ --       - _.      3va 

Cimphor   refined 23wa 

Ca»toroll,E.l.lnbond,  »gal..gold.       70   a 


2  nu 


Caustic  soda 

ChloratPiiotash »• 

Uochlneal.Hondnrds »• 

Dochlneai.  Mexican '• 

*ream  tartar •' 

Oobebs,  Bast  India 

Oateta gold. 

Dambter ■■ 

Atnseng cnr. 

Glycerine,  American  pure '• 

Jalap " 

Licorice  paste, Calabria.. 

Licorice  paste.  Sicily    

Licorice  paste.  Spanish,  solid.,  .gold 

Madder,  Dutch •• 

Madder, French '• 

Nutgalls,blue  Aleppo 

or.  vitriol  fS6  degrees) 

Opium,  Turkey (In  bon1),gold. 

PruBState  potash, yellow.  Am. sa 

Quicksilver gold.      91 

Quinine cnr.   2  3(i 

Rhubarb,  China, good  to  pr V  D.      45 

Bal  soda,  Newcastle i^old     1  45 

Shell  Lac  55 

Soda  asb,  ordinary  to  good gold    1  95 

Sugar  of  lead,  white 18 


4  3IVa 
20   a 

12  a 
42>«a 
35  <a 
loxa 
....a 

ssTxa 

1 10  a 

i<  a 

13  a 
26  a 
25  a 

20    (5) 

6)4  a 
•sa 

149 

iva 

....  a 

a 


4  75 

55 
45 


6  OO 

1  15 

is" 

33 

23 

30 
8K 
7K 

14  S< 

I* 

4  37H 

so" 

2  35 
1  SO 

1  5i 
67 

2  25 
".SV 

8jr 


vitriol,  blue, common 8Va 

I'IBH—  store  Pncei 

Qeorge's  and  Grani  Bank  cod ^  on    ^    A  Otl  ' 

Mackerel,  No.  I,  shore  (new) 28  CO 

Mackerel,  No.  1,  Bay       

Mackerel,  No.  2,  shore  (new) 17  00 

Mackerel,  No.  2,  Bay 

FLAX- 

Nortb  River,  prime W  »       15 

FRUIT- 

Ralalns,  Seedless,  new 6  00 

do     Layer, new 2  55 

do     Sultana, new 15)49 

do     Valencia, new H    a 

do     Loose  Mnscatel.new 8  30   a    4  66" 


I  30  00 


0  18  00 

.  a  .... 


a  2 1 


Currants,  new.  

Citron, Leghorn,  new 

Frnnes,  Turkish 

do        French, new 

Dates, new    

Fiffs,  new 

Santon  Ginger Vcue. 
ardlnes.V  hi.  box oar. 

Bardlnxs.^i  or  box ■■ 

Macaroni,  Italian 

Domestic  Dried^ 
Appies,  Southern,  sliced,  1875  crop. 

do  '*        quarters  

do      State, sllc^l 

do  do    quarters 

do      Western,  qu'irters 

P»'.aches,  pared  Western 

do      do  Gi.  BOO  1  and  prime 

do       do    N.  Ca-olloa,  prime 

do     unpared.  halvesandqrB,....        „_  _ 

nuekberrles  ,new Ilva 

It  ispberrlcB,  new  38   a 

Oli«.i'rle» ^ 

Plums 17   a 

HEMP  AND JUTE- 

Amerlcan  dressed |<  ton.  233  50   a280  nn 

American  undressed S 

l\^tlt.^'*.*".-.-.::".-.-.-.-.:".::-.-:f<'.'.''-ilgS?'SiS§ 


51V« 

8  a 

10  va 

13  a 
....a 

22S<« 

14  a 


10  a 
....a 
•ya 
•xa 

9    (3 

....a 

11  u 
....a 


8)4 
15V 

17" 

i  00 

23X 
I4X 
14 

10>i 

lox 

in 

IS 

^. 

'■h' 
u 


4ulU., 

StMl.... 


.«» 


Jute. 


Qi)N«IE8.— Be*  report  uuaer  •Jottov. 


SK4 


Shoot  ng  Fg.  exibkck..... 
Duponi'.  rifle,  FFii.  FFFg.uwib  t™ 5  rj 

Shooting  F,{]J>-n.  kors 

^rl;"°•'..^5-•  ■^f','' "■"-'■"''.»'«•  ■^'»'i'e"  ".'.'.■.:". 

iiaz  ir  1  s  Kentucky  r.tle,  gg,  Tfg,  FFFg,  251b 

I'e^^s •■*»,,, 

Dnpont's  rifle  In  25Ib  kegs. ,,7, |...  ■....■.".■ 

ShiDP'ns. V  lOH  % 

aiDBS- 
Dry— Buenos  Ayres,  selectsd.  gold 

Montevideo,  do....      '* 

Coriientes,  do....     " 

Rio  Grande,  do....     '• 

Orinoco,  do.,.,     " 

California,  do,,..      •• 

Matam.  and  Mex,  as  tbov  ran     " 

Maracalbo,  (10..,.     ■■ 

Bahla,  do....      •• 

Dry  ;SaU<d— Maracalbo.  do...,     " 

Cblll,  Jo....     " 

Pernambuco,  do....      " 

SavanlUa,  do....     •• 

BablB,  do.,.,      " 

WetSaHed— Bnen.Ay.seleoted     •• 

Para,  do...     " 

California,  do...,     •■ 

Texas,  do....    cur. 

A. /.«(ocft— Calcutta  slaught...  gold 

Calcutta,  dead  green *• 

Calcutta  buffalo '• 

lRO^•• 

PIg.Amerlckn,  No.l 25  00 

Pig,  American, ^o. 2 23  00 

Pig,  American,  Forge 21  00 

Pig,  Scotch  29  50 


65  I 

.>i  a 
22  wa 

20X» 

2:  a 

2!V* 

21  a 
19  a 
i6Ma 
lexa 
...  a 
16  a 
..  a 
■  a 
..  a 
luxa 
..  a 
10  a 

9S« 

iixa 
..  a 
10  a 


24)4 

iix 
22" 

21 X 

isji 

14 

ux 

!1 


11 
12 


a  26  53 
a  24  50 
a  23  "0 
@  33  50 
Store  Prlcet, 
.ISO  00  ai40  00 

.  77  50    ®122  50 
82  m    ®133  50 
12),®        ;3K 
4     ®  tv 

90  00    a  52  00 

50  00  a    .. 


Bar,  Swedes, ordinary  sizes  . 

Scroll 

Hoop 

Sheet,  Russia,  as  to  assort gold 

Sheet,  single,  double  &  treble,  com. 

Ralls,  new,  English gold 

do    new.  American car. 

LEAD- 

Ordlnary  foreign »  100 lbs.  gold  7  Vlii-^ 

Domestic •*     5  60   a 

Bar 8V4 

Sheet , •    9X® 

LBATHER- 

Uemlock.Buen,  A*res,h.,m.A1 26    a 

*•       CMllfornlR,  h.,  m.  &t 25    3 

'•      comm'n  i>lde,h.,  m.&l ^5    @ 

"       rough 26    0t 

Blaughtercrop Vi    a 

Oak,  rough 27    a 

Texas. crop 31    a 

M0LASSR8— 

Cuba,  centrifugal  and  mixed 25   (cb 

Cuba, clayed .')2   a 

Cuba,  Mna.,  refining  grndes 32    a 

do       do    grocery  grades. , 36    ^ 

Barbadoes 

Demerara ; 

Porto  Ulco 

N.  O.,  new.  f atr  to    choice  . .  11  gal 
NAVAl,  8TORES- 

Tar,  Washington 2  12'~  j 

Tar.  Wilmington  "» 

Pitch,  city 2  00    a 

Spirits  turpentine V  gali.       43    a 

Rosin  com.  to  good  stralt'd  V  bbl.    1  6S    tt 

"     No.  1 3  50   a 

"      No. 2   1  85    a 

'•     pale  to  extra  palit 4  23    a 

'•     wlndowglas. ^ 


38  >a 

37  a 

40  a 

55  a 


OAKOM— navy  tobe8tquallty...1i».        7ya 

on.  CAKE— 

City,  bag eold  37  00    a  < 

Western cur.  45  00    a 

OIL8- 
Cott on  seed,  crude  ^^ 


T 

35 
31 
34 

30 
34 
35 
40 
42 
51 
50 
65 

2  2.5 
•i  25 

2  10 
41X 

1  75 

3  7) 

2  10 

6  00 

7  00 

9» 


Olive,  in  casks  W  gall 1  15 

Linseed,  casks  and  bbls .vi  a 

Menhaden,  prime  L.  I.  Sound gi  s^ 

Neatsloot 81  a 

Whale, bleached  winter ,»....  75  a 

Whale,  Northern ^ 

Sperm, crude 1  43  a 

Sperm,  bleached  winter 1  83  a 

Lard  oil.  Winter 1  07  a 

PBTROLEnM- 

Crude,  In  bulk 

Cises 

Refined,  standard  white. 
Napht^a,Clty,  bbls 


50 

1  20 

53 

85 

I  30 

80 

70 

1  SO 

I  m 
1  10 


..  .a  6v 

18  la  19' 

14     (a.  Uii 

....9  VS% 


PK'lVISUlHS— 

Pork  new  mess Vbbl. 

Pork, extra  prime •• 

Pork,  prime  mess " 

auei.plHin  me.-^n •• 

Beef,  extra  mess '• 

Beef  ha'ns,  n«w " 

Hams,smo'Cfd fib 

Lar ',  City,  steam „,,., 

HICB- 

CaroMna,falr  to  cho>cc 

Louisiana,  good  to  prime... 

Rangoon.  In  bond gold. 

Patna .,.,  . 

8ALT- 

Turks  Isl  and 

St.  Martin's 

Ltvernooi  .▼srioiu  sorts Vignk. 


?2  70 
16  00 
19  50 

a  00 

12  00 


«  23  00 
a  16  50 

a  20  00 

a  11  50 

a  12  50 

.a  24  00 
:6  4  17 
ie»a     13X 


71,"^ 

7Ka 

2  ao  a 

«va 


23  a 

28  a 
1  to  a 


SALTPETRE-^ 

Refined,  pure II  k       a 

Crude „ gold  5Ka 

Hltratesodo «  2tis 

BBED— ' 

Clover,  Western VB.  M   a 

Timothy vbuili,  2  60   a 

Hemp.forelgo 300  • 

FUi,ronjb 1  »o   w 

liinseed  Calcutta V96»goiartiue},  ,,,.    a 


25 

30 

2  60 


12H 
'■i% 
13V 

too 

209 

1  65 
1  BIV 


SILK— 

Tsatlee,Nos.2to8 ; •  n 

Taatlee,  re-reeled 

Taysaam,NoB.  1  42 

Canton,  re-reeled  No.  JCotngoiiiJ!.' 
BP8LTER- 

PofelK.n 100  ».goId. 

DomeeUc ..em. 

BPICES- 
Pepper,  Batavla. gold 

do        BiDKapore 

do        white 

UasBlu,  ChluaLlgnea 

do       Batavla 

Ginger   African 

do     ualcntta _ 

Mace  

Nutmegs,  Batavla  and  Penafig"".' ' 

Pimento.  Jamaica 

Cloves .'.*."*.*!!"" 

do    stems  !.'.".'.'..,'.''.'.'.'.* 

SPIRITS— 

Brandy,  foreign  brands <t  gar. 

Rum— Jam.,  4th  proof '• 

St.  Croix,  3d  proof •■ 

Gin t. 

Domesticttquori—toi'b.  

Alcohol  (90  per  ct)  C.  *  W cnr. 

Whiskey •• 


5  as  a  5  75 

s  ro  a  B  75 

4  79  a  5  00 

4  75  a  .... 


7  i2Ha  7  nv 

....    a    7  26 


....a 
isya 

21  a 
23  a 

22  a 
^i  • 

,    «X»        .: 

1  ic  a  1 15 
1  o«va  1  OS 

i2xa 
48  a 
17  a 


8TEEL- 
BnvllBh, cast,2d&lBtqual)ty  V Agold 
English,  snrtng,2d  &  I  st  quality. .  " 
Bmellsh  blister, 2d&  Istquallty..  " 

Entrllsh  machinery *' 

Engl'ah  German,  2d  A  Ist  quality  " 

American  blister cur. 

American  cast,  Tool 

American  cast  spring 

American  machinery 

American  tjermar  spring 


16 

'.Vi 


IS 

so 

18  . 


gold. . 

3  SO  a  15  00 
8  65  a  I  00 
8  45    0    8  es 

s 00  a  83S 

2  27Ha    2  80 

1  i:x»     .... 

AYors  Prtcet. 
I4V«       17 

6xa 
9  a 

10V® 

lova 


a 
a 


SUGAR- 
Cubtt,  inl.  to  com.  retiring 

do    fair  to  fi.ood  refining 

do   prime,  refining 

do   falrtogood  grocery 

do    centr,hbds.ft  bxfi.  Nos.  8alS 

MolasseB,  hhds  A  bxs 

Melado 

Uav'a,  Box,D.  8.  Nos,1®9 

do         do         do    10ai2 

do         do         do    18®15 

do  do         do    leais 

1*0        .ilo         do    iv@io 

do  do  white 

Porto  Rico, refining,  com.  to  prime, 
do        grocery,  fair  to  choice.. 

Brazil, bags.  D.S.  Nos.  9ail 

Java,   do.  D.S.,  Nos.10312  

Manila       

N.  0.,  refined  to  grocery  grades..  .,, 
Ke)!ii«d— Hard,  crushed fl» 

Hard,  powdererl 

do     granulatea 

do     cut  loat 

Soft  white,  A.  :itanaard  cenirif... 
do      dv.      oif  A 

White  extra  C  

Yellow      do       

Other  Yellow 


TALLOW— 
Prime  city,  W  ». 
Western,*  lb  ... 


7    • 

8xa 


7 

14 

11 

"H 

It 
10 
II 


V- 


sva 

8X 

sva 

>K 

6xa 

7!f 

5  a 

t<n 

7  a 

7V 

8  a 

8X 

Bya 

»V 

9sa 

10 

lova 

10  V 

Ska 

lOV 

-}(» 

BV 

sxa 

•V 

7xa 

7ji 

«x@ 

8K 

7Va 
....a 
...  a 

7X 

IIV 

lOva 

lov 

Kka 

lOK 

una 

UK 

loxa 

io)ia 

1I>V 

10  a 

10X 

9va 

10 

9  a 

»v 

loxa     lOK 


TEA- 

Uyson,  Common  to  (air cur, 

do     Superior  to  fine 

do     Extra  fine  to  finest ,. 

do     Choicest 

Toung  HyBon.Con-,  to  fair 

do  Super. to  fine 

do      Ex.  fine  to  finest 

do       Choicest 

Bunpowder,  tjom  to  fair 

do  Sup.toflne 

do   Ex. fine  to  finest 

do    Choicest 

Imperial,  Com.  to  fMr 

r.o        SuD.to  fine 

do        Extrafine  toflnest 

Byson  Skin.ft  Twan.  com.  to  fair. 

do  do      Sup. to  fine 

do         do      Ex  flneto'finest 

Uncolored  Japan, Com. to  talr 

do  Sup'rtoflno 

do         Ex. flneto  finest 

Oolong,  Common  to  lair««««* 

do     Superior  to  fine 

do      Ex  Dneto  finest 

do     Choicest 

80UC.&  Cong.,  Com.  to  fair. 


Sup'rto  fine 

Bx. flneto  finest... 


.  gold. 


do 

do 
TIN- 

Banca 

Straits 

English 

Plates. I.  C.charcoal.... 
Plates.ch  ar.  terne 

TOBACCO- 

Kentucky  lugs,  heavy 

leaf,     "      

Seed  leaf— Conueotlcut  wrappers*7a 
"  Conn.  &  Mass.  fillers. '73. 

Pennsylvania  wrappers.  '72 

Havanrt.  com. to  fine 

Mannfac'd.ln  bond,  black  work 

"  ••    bright  work 

WOOL- 

Amerlcan  X.X *Ib 

American,  Nos,  1  &  2 

American, Combing 

Extra, pulled 

No.l,  Pulled.. 


23 
30 
46 
75 
29 
88 
60 
90 
80 
42 
6S 
1  (0 
2» 
36 
58 
21 
27 
No 
37 
48 
60 
25 
36 
55 
85 
27 
3fi 


29 
40 
53 
85 
SS 
S5 
80 

1  10 
87 
SS 
8S 

190 
Bii 
48 
72 
26 
2« 

aal. 
42 
54 
7« 
80 
52 
70 
97 
84 
52 
85 


24 
20 


7  25 
700 


19X 
a    790 
a    725 


California.  Spring  Clip- 
Superior,  unwashed 

Medium 

Coarse 

Burry 

South  Am.  Merino  unwashed 

Cape  Good  Hope,  unwashed 

Texas,  fine 

Texas, medium 

Smyrna. unwashed     .....gold. 

ZINC- 
Sheet »  ». gold. net 

KUKIGUTS— 

ToLlTISPOOll 

Cotton *  ». 

Flour »  bbl. 

Heavy  goods.  .*ton. 
OU 


9V®. 

20  a 

7  a 

18  a 
so 

1! 
25 


43 
43 
."iS 
43 
27 

26 
26 
22 
19 
29 
32 
2S 


9 
IS 
45 

8 
85 
1  05 
30 
50 


IR 
SO 
65 
46 
.32 

32 
80 
25 
22 
82 
86 


Corn.b'lkAbga.  V  ba. 
Wheat,  b&lE  £  bags. 


Beet 

Fork 


.  V  tec. 
.fbbl, 


.-   STKAV. . 

T.  ll.      ?.    /I. 

7-iei    )( 
so  a.  .. 

85  0    SlAI  6 

400  a.... 
.  !'<*■••• 

5  6    .tf  .. . . 
4  0    3,... 


».  d. 

26 
26  0 
35  0 
S 

I  6 
S3 


'    0 

-SAI 
.® 

Si      . 

a 

«t   , 

«    '■ 


9W 


».  ll. 

S  16 


AND^ 


tmtlt 


HUNT'S    MERCHANTS'    MAGAZINE, 

REPRESENTING   THE    INDUSTRIAL    \ND  COMMERCIAL   INTERESTS  OF  THE  UNITED   STATES. 


VOL.  21. 


S'vlURDAy,  OCTOBER  23,  1875. 


NO.  539. 


O  M  T  E  ^r  r  » 


MmtfUkStm 

" T    '   ' 

Hem 


TBB  OBBOHICLB 
Wan  SUM*,   the  iBlaUonlati 

■ad  Ik*  KOTlnl  of  Buta«*.       Kl 
Mncmatil*  PmUoniand  Matarial 

GiowUi m 

The  OnwbMk  on  Bud  Ititoiii 

TUB  BAMUIBS-  GAZn-TB. 

■oMT  MartaLn.  8.  SmvIUm,  I     Buik..  mc 

BaUmr  Blocka,  Ooid  MatkM,  Wootttioaa  of  Stceka  aad  Bead! 

Poratca  Birtoigi, ir«w  Tork  Haw  T«rk  Loeal  SacaHUaa^ 

Cllf    Baaka,  JoaW    Baaka,  laTaataant  aad  Htata.  Ollj  aad 

.  MMioaal  |     OorpocBttoa  Flaaaraa 

TBB  OOMHBMCIAL  TIMBB. 

MZIDnraoada 4M 

a>  I  Prieaa  CDfiaat 404 

^ 401 


W4 

M 
Ml 


9Ltlt  Chronicle 

TkB  OomOBOIAL  AMD  FlMAXCtAI.  ChBOITIOUI  U  i«a««<  Mi  ._ 

4^0  m«mlnt,  mith  tlU  latut  nmm  wp  to  wtUmigkt  »f  FrU»g. 


nuaa  or  iirBscBirnoB-rATABLB  ib  aotaws. 

Taa  CowinBrm.  axd  Poiajiciai.  CnanOiB,  dailvand  to  cantar  M  aiiT 
MbMribara,  aad  ^dlad  la  ail  oUan: 

>[»  0»a  Taar  (ladadlag  paataga) « 

•»• 


:!; 


SakaerlRdaaa  vO  ka  aaatiaaad  nui  ordand  alapi 
tmaupammtlmamit.  Tka  PaklUkwa  aaaaet  ka  i 
laacaa aaiaaa  ■ada^Omfla  or  PoaUMka Maaay Oi 

_  A«Tartl»iMiB«fc 

.  TiaaalBl  adwOaaaaati  art   pakUakad  ai  B  caata  y«  Uaa  tar  aaek 
taaaitlag.  kat  vkaa  diftMa  ardara  ■«»  ftw  tat  Bra,  ar  aww^  tai tlaaa.  • 
llkaral  dtaeaaal  la  aad*.   Bo  pr«alaa  tt  wilaaaai  nkMlliia  la  Iha  k* 
plaea  «>a  k>jl»aa.aaaB  adwtWaata  — n  kara a^aal  IM  imidllii.    Wmm, 
BotieaalaBaaklad  aadnaaadal  eoiau  ••  caMfparlK aaab  taaatSaaT 

_    .     .  ■••■4*B  ofllaa. 


TkalnaiaaaBkaar  IkaOMBMnoLa  I*  at  Ito.S  Aaatla  PrUfa,  Old  Braad 
dtraat.  »>—  aakaartnttoaa  ara  lakaa  at  th*  f ollawtm  maa : . 

AaaaalBakacrtpdon  ieikaCkn«lcla(lBdadlBcpaatMit m   ta. 

Stx aaalka' raWolptioa 7!; J    ^ 

VILLUB  B.  BAa*.    I  WIUJAM  B.  DAMA  *  OO.,  ratil*in. 

,  «.  f  T«  aad  tl  wmiaa  Blnai,  JfBW  TOBE. 

'moaias  4m. 


«oa  a.  wum. 


la  16 


V^  A  a«at  aia-orm  li  fiiralabad  at  90  canta 
•aaia.    Valaaaa  boaad  for  aabacHkara  at  |t  ao. 

■  T  Aaaaaialaaalor  thaOoaooaoiAL  aob  PtaAsoui.  Caaaaiaa  Jalr 
WladM^tarariaMttaaaaa.  Alao  oaa  aalaf  HnrraMaaoaAan 
■aaiw ,  vm  la  Wn,  <ai>4>faa  Tala— a. 

VV"  Tba  BoatiMaa  D«panm«iit  of  the  r^BnaicLa  U    n-prcwalad  aoMec 
PIbadtUI  Intcnau  In  n«w  York  Cllr  by  Mr.  rr»d.  W    Joan. 


WILL  8TKRPT.  TUB  l.<IFLlTIO!lim  IJID  1HK  KEVlViL  OF 
BDXINBn 
It  is  intercfltuig  to  watch  the  sffeotB  of  the  Ute  victory 
orer  infl»tion  io  Ohio.  These  rMulta  are  oonspicaoiulj 
Tiaible  jut  now  in  three  different  direoUoDi.  The  flret  ia 
in  WbU  itreet,  where  a  notable  aotirity  haii  developed 
ttaelf,  aeeonpanied  bj  the  nanal  ByinptonM  of  speculative 
aoitenMnt.  Many  people  dnppoee  that  the  ardor  of 
Block  ipeoalation  in  f\'aU  street  u  not  a  fact  of  much 
•oonomic  agniicanoe.  It  is  a  mere  fight,  they  think, 
batween  the  ball*  and  the  bears,  in  which  the  country  at 
large  baa  no  interest.  This  mistake  is  due  to  a  confusion 
of  thought,  and  has  done  no  small  harm.  That  many  of 
the  feverish  ooniUota  at  the  Stock  Exchange  arise  from 
local  and  temporaty  gbomb  everybody  knows.  But  these 
anomalies  must  no^  blind  our  eyes  to  the  fact  that  Wall 
Itreet  is  the  centre  of  a  great  syntem,  tlw  heart  of  our 
inandal  organism,  and  that  its  pulsations  are  quickened 
«r  rvtarded  by  every  financial  movement  which  occurs  I 


even  in  the  most  distant  extremities  of  the  country. 
Hence,  if  a  man  would  understand  onr  financial  situation, 
it  is  of  the  first  necessity  that  he  should  learn  to  interpret 
Wall  street  and  its  movements,  and  to  form  a  right  esti- 
mate of  their  value.  Among  our  bankers,  merchants 
and  financial  obsen'ers  those  men  are  the  most  successful 
who  have  the  dearest  sagacity  and  the  most  practiced 
skill  in  this  respect.  Viewed  in  the  light  of  the  recent 
stmg^e  io  Ohio,  the  incipient  recovery  now  visible  in 
Wall  street  is  very  instructive.  Among  other  things  it 
■hows  ns  that  capital  is  losing  some  of  that  mischievous 
timidity  which  has  paralyzed  its  movements  since  the 
panic  of  187.S,  and  the  inflationist  agitation  which  suc- 
ceeded it.  The  sensitiveness  and  languor  of  the  inflation 
epidemic  seems  to  be  abating,  and  in  the  activity  now 
visible  in  the  preoincta  of  the  Stock  Exchange  we  sec  the 
beginaing  of  a  hopeful  recuperation,  a  turn  in  the  tide 
of  imiilBl,  whose  oopions  streams  will  we  hope  roach  and 
ovsfapnad  ere  long  the  parched  fields  of  our  national 
conuaaroa  and  industrial  enterprise.  In  short,  Wall 
street  may  be  compared  to  the  watch  tower  set  in  early 
times  in  the  valley  of  the  Nile  to  note  the  first  symp. 
toras  of  the  rising  of  the  waters,  so  that  timely  warning 
might  ba  given  to  those  intereatad  that  the  rich  fer- 
tilUag  ourents  were  on  the  rise.  Some  such  monitions 
aa  tbasa  many  shrewd  men  in  all  parts  of  the  country  have 
l>een  led  to  dedoce  from  the  late  rebuke  to  inflation, 
and  from  iu  first  effects  in  Wall  street. 

A  aeoond  direction  in  which  we  may  look  for  the 
indie^ons  of  recaperative  activity  is  in  the  general 
business  of  the  country.  And  it  is  gratifying  to  observe 
the  eager  rapidity  with  which  trade  in  several  leading 
ilepartments  has  shown  new  vitality.  One  of  the  obvious 
proofs  of  this  is  seen  in  the  bank  averages,  which  show  a 
notable  rise  in  the  volume  of  currency  and  of  capital 
flowing  towarii  the  interior.  The  bank  statements  are 
now  bmng* watched  with  great  interest,  and  are  well 
worthy  of  study  in  Chicago,  Cincinnati  and  other  West- 
ern centres,  as  well  as  here.  From  all  parts  of  the 
countr}  the  evidence  is  multiplying  in  confirmation  of 
the  opinion  which  we  have  so  often  advanced,  that  "  the 
floating  capital  of  the  country  has  been  reconstituting 
itiielf,  and  repairing  the  damage  it  suffered  in  1873,  so 
that  whenever  confidence  should  revive  a  notable  stim- 
nlas  to  trade  would  be  likely  to  be  swiftly  developed." 
That  predicted  return  of  confidence  and  credit  ha.<t  now 
began,  and  if  no  unlooked  for  cause  of  trouble  inter- 
venaa^  a  farther  advance  and  improvement  are  not 
improbable.  There  is,  however,  one  precaution  which 
should  command  the  best  attention  of  our  bankers,  job- 
bers and  merchants.   We  refer  to  short  credits.   For  some 


382 


THE   CimOlVlCLE. 


time  past  conservative  principles  have  been  forced  upon 
U8  by  events.  We  have  refused  long  credits,  because  jt 
was  nnssfe  to  dp  otherwise.  Of  late  there  li:i~  'xcn 
among  us  some  relaxation  of  the  old  strict  niU's  in 
this  respect;  for  with  such  a  i)lethora  in  the  loan  maiket 
it  was  next  to  impossible  that  some  degree  of  laxity 
should  not  creep  in.  This  must  not  be  allowed  to  goxm 
and  to  increase  with  the  increase  of  business,  or  it  will 
assuredly  breed  trouble.  Some  further  practical  r.iniioag 
will  suggest  themselves  to  our  readers  on  which  wc  have 
no  space  to  dwell.  Oiir^afin  purpiae  is  to' point  out  tfie 
effects  and  the  promise  of  the  revival  of  conliil  iice  as 
seen  not  only  in  the  sensitive  currents  of  "Wall  street, 
but  fl«  pervading  the  whole  netwpfj^  ;qf  onx,  prodpp^tyH  [J 
activity,  and  thrilling  in  every  fibre  of  our  financial  and. 
industrial  machinery.  The  productive  mechanism  of  the 
country  is  like  a  steam  engine  which  has  been  working 
at  too  low  a  pressure.  As  the  unsatisfactory  slow  move- 
ments of  the  engine  are  quickened  when  the  pressure  is 
increased  and  when  more  steam  is  turned  on,  so  is  it  with 
the  responsive  activities  of  the  great  fabric  of  our  national 
industry  under  the  pressure  of  the  new  conditions  of 
financial  strength  which  are  developing  around  us. 

The  third  direction  in  which  we  may  look  for  indi- 
cations of  recuperative  vigor  is  the  gold  market.  Onr 
:  leaders  are  familiar  with  the  perturbation  which  is 
!  [Carried  into  the  thousand  departments  of  our  foreign, 
•trade  and  commerce  when  gold  suffers  violent  spasmodici 
Ganges.  These  troubles  offer  rare  opportunities  to  the 
icliques  for  making  money  at  the  expense  of  the  country 
and  of  its  legitimate  business.  For  such  a  rich  harvest '•€(? 
gambling  gains  in  the  gold  market  the  speculators  had 
made  ready,  and  they  would  have  been  successful  had 
not  the  defeat  of  inflation  in  Ohio  baffled  their  liopes 
*nd  crushed  their  schemes.  In  well-informed  circles  the 
icurrent  belief  is,  that  but  for  this  defeat,  gold  wouM* 
'have  gone  up  to  120  or  higher,  with  severe  fluctuations 
up  and  down  to  the  injury  of  business  and  the  loss  of 
tint  merchants,  who  would  be  powerless  to  foresee  or 
prevent  the  change  of  value  which  precipitated  their 
ruin  and  swallowed  up  not  only  their  profits  but  ■theii' 
-whole  fortunes.  Whether  such  disastrous  fluctuations  ift 
gold  would  really  have  occurred  had  the  inflationist 
been  successful  we  are  happily  spared  the  necessity 
,of  knowing...  There  ceitainly  was  an  organized  clique 
ready  to  manipulate  a  rise  in  Wall  Street;  and  in  the 
present  active  demand  for  gold  in  Germany  and  France 
tiheir  speculative  manceuvres  would  have  met  with_fewer 
obstacles  than  usual,  especially  as  the  supply  of  eaeh 
gold  for  delivery  has  been  of  late  so  small. 


?AIl.Ur.ES  IN  TUB    UNI 

Slates  anrl  Jerri-    No.  or    Amminftif 
loiiei.  Fitlhtrft,  Liabiuutn. 

Alabama 15         t8<i«,000 

Ail.uiisas 6  IfcOOO 

I  :.  if  .iiiia 61  87r.,OTI 

^'o'.uiailo »  V*«.'    ''■'■^•'?'' 

Conr.jcUcut 48^^ -f IteiUin 

Delaware B  65,000 

DlBt.  of  ColiidHaS^  A       38,831 

FJorirta J*J.inr#^    180,000 

■G<Jpr^ia 

faalio  Territory., 
llli.uojfl...  .^., .... 
'Inc^ijtia... .J.,  ... 
Iowa 

K^i"-"".. %,.:;• 

iventurky....    ... 


tOctob^r  23, 1875. 


m  CANADA,  jtAN.  TO  Art:,  IS'S. 

Three ifo».-^  r-rtiird  Three  .l/..«.-, 

of    AmnuMof     No.nf    Anwiiui  of 

LtablUUen.  Fallitret.  LMttUUeir 


lOmiiiana 


(!, 


atno 

Maryland 45  - 

Maseachusctte....  2-J7 

Michigan 60 

Mlnneeota 38 

Mississippi 32 

Miesonrl 51 

Montana  Terrify  .... 

Nebraska 18 

Nevada 9 

New  Hampshire..  17 

HewJereey 12 

New  York 171 

New  York  City..  197 

North  Cai-olina...  17 

Ohio 8i> 

Oregon 5 

Pennsylvania..  ..  155 

Rhode  Island    ...  22 

Soath  Caroli  na . . .  61 

Tennessee 24 

Texas 69 

Utah  Territory    .  2 

Vermont 15 

Virgiiria  &  W.Va.  37 

Washington  Ter..  1 

Wisconsin 67 

Tola! 1,982 

DomiuionofCan.   396 


^i::»^i4r-a->i5ft| 


780,435 
6,816,800 
511,041 
950,000 
435,608 
1,054,331 


120,100 

205,800 

193,400 

97,758 

3,736,801 

8,490,500 

123,028 

1,482,974 

88,939 

5,423,828 

476,394 

989,236 

139,965 

660,100 

44,000 

186,700 

456,665 

2,804 

419,334 

$43,176,953 
4,141,340 


4 
47 

■74 
61 
26 
10 
47 
S 
23 
24 

150 
50 
41 
6 
54 


7 
18 
14 
104 
138 
25 
75 

8 
133 
21 
50 
30 
47 

1 

17 
25 

94 

3,581 
432 


fi5r.ooo 


0.\  IW 
5!  1,000 


2 
49 


139, 


^^"ItaiJl^- 


$to,ooo 

21,000 

626,441 

m,300 

l,4o«,5!5 

30,000 

5-'},000 

2,800 

371,300 


tf 


,858,400 
361,5'!4 
201,100 
14,5,500 
1,171,300 


317,700 
4,036,700 
753,S6iI 
562,125 
306,400 
1,119,062 


1.783,652 

l,(,77.i;9 

493,200 

314,600 

261,000 

S,,^  ,,^.309,000 

«0,000 

8,22f,581 

4,774.831 

1,225,749 

251,075 


41,000 

65.;K)0 

160,200 

ii9,5no 

t  ■1,942,933 
6,272,C00 

263,400 
1.188,737 

114,009 
3,693,858 

803,200 
1,05.3,-336 

201,7(13 

4!'3««00 
^0 

160  000 

343,254 

752.719 

i;33,66r,3!3 
7,876,104 


16 
187 

62 

30 
2 

40 
1 
5 
7 

23 

M 

201 

JU 

2 

99 

131 

10 
7 

29 

77 


71,467 

552,400 

85,000 

15,.300 

140,600 

517  300 

1,677,845 

2,79.5,117 

16,9:)3,810 

235,000 

2,014,623 

7,500 

3,004,197 

216,000 

511,946 

S57.075 

722,5-39 


17 

28 

175.800 
630,451 

47 

350,924 

1,771 
741 

$54,328,237 
9,894,100 

,  MERCANTILE  FAILURES  AND  SATEEIAl  GEOWTII.  , 
■  '..".Commercial  failures,"  it  has  been  said,  "are  always 
traceable  to  one  of  two  general  causes — to  faults  in  the 
financial  system  of  the  country  where  they  happen,  or  ^o 
faults  in  the  individuals  to  whom  they  happen."  An 
instructive  commentary  on  this  principle  is  furnished  by 
the  BtPftiptics  of  our  mercantile  failures  since  the  last 
panic  The  importance  of  this  information  has  led  to 
the  ^ener^l  desire  for  an  earlier  and  more  frequent 
publication  of  those  statistics,  which  have  usually  been 
delayed  till  the  end  of  the  year.  To  meet  this  wanj;, 
Messrs.  Dun,  Barlow  &  Co.  have  just  issued  the  third 
of  their  quarterly  circulars  on  the  subject.  It  contains 
the  following  comparative  statement  of  the  failures  in. 
the  United  States  and  in  Canada  for  the  first  nine 
months  of  the  year  1875  : 


The  aggregates  here  recorded  are  pretty  much  what 
was  expected.  The  first  quarter  gave  a  total  of  $43,- 
176,953;  the  second  quarter,  of  $33,667,313,  and  the 
third,  $54,328,237,  the  excess  of  the  last  q'aart'er  being 
chiefly  caused  by  the  increase  from  C  millions  to  IG  rail- 
lions,  in  New  York  City,  where  four  of  the  211  failures 
amounted  to  8  millions.  In  Ohio,  Indiana  and  Michigan, 
in  Connecticut  and  Maryland,  the  last  quarter  of  the 
year  has  also  developed  heavier  failures  ;  while  in 
Georgia,  South  Carolina,  Kentucky  and  some  other 
Southern  States,  the  September  quarter  has  been  more 
promising.  The  comparison  between  this  year  and  last 
will  be  facilitated  by  the  subjoined  table: 


PAILUBBS  nf  THE  OTITED  BT,AT]IS,    1878  TO  1876. 


-1S73.- 


-1874.- 


Smieiand  Jerri-  .2\'o.  of  Amount  <ir 
torie.^\         Failures,  Liabilities. 


Alabama 52 

Arkansas 17 

Oalifomla 70 

Colorado 

Connecticut 104 

Delaware 31 

Dist.  of  Columbia     13 

Florida 10 

Georgia 67 

ttaho  Territory 

Illinois 329 

Indiana 134 

Iowa 141 

Kansas 94 

Kentucky ,.12! 

Louisiana... 


$1,337,000 

307,000 
1,500,000 


Xo.of    ^tUiUlllOf 
Fuiluxes..  LiabiUtifS. 
I$96S,000 
406,000 
2,571,000 


is 


-Jan.  to  Sent.,  'T5.-, 
Failures.   Liatiil  ties. 


1,452,000 

|5J 

603,0(10 

27 

240,000 

is 

238,000 

u 

2,113,000 

.,?;? 

S' 


7,109,000 
2.260,000 
1,917,000 
(821,000 
j2,2&7,00D 
'  2',831,0OA 


U 


Maine.. 
Maryland....  ..^']'63 

Massachns^tts...   309 

Michigan 'MS 

Minnesota 61 

Mississippi ...     79 

Misacurl. 183 

Montanii 

Nebraska... 22 

Nevada 

NevrHampshlrO..     27 


iBOl'f'  -  752,6«6  ' 

,,,  ,1,229,000 

11,224,000 

■     8,917,000. 

9(4,090 

909,000 

5,807,000. 


311,000 


613,«00 


,16«- 
'144 

64 
.•WT, 

■99 
■tt 
,1W 
416 
286 

60 

66 

'Its 

1  i^'  ■ 
3» 


22 

20 
165 

■-■■'tsigt 

l« 

15 

12s 

STTt 
236 

l-il 

.:  57- 


,3,S9I,900 
578.000 
'866,000" 
W3^. 

;,pi(5,ooo, .. 

:  ■7,510,000)  • 

•  2.397.000 
2,031,000 

•issocia 

il,8:9,0(» 
4,42!),000 

i,o«a,oo»'  '  f'so 

,1,691,0W[,,,,,    85 

lo.eon.'oqu  "^64 
'i.An.cm'"''  'IW 
i,n^9.onrt 

..l,6r,.-.nu 
3,0ijl,G0() 

521,000 


;! 


u 


29 
115 
1 
29 
23 


266,000 


$543,000 

221.000 

3,131,111 

i  '    562.402 

■    2,368.569 

154,500 

189,!)24 

11      241.800 

4,318,430 

'     •      .3,000 

,,16,013,970 

3,051,012 

1,014,805 

..1     843,400 

2,PS?,.30fl 

"^'•.oi.'m 

•      904;0OO 

,.    9,321.066 

'15,628,321 

'■■■J,>1 90,652 

l,.--;«l,20fl 

613,465 

2,725,71)3 

35,000 

176,400 

411,700 

890,900 


October  23,  1875.] 


THE  CHRONICLE 


893 


-ire. 

SMM 'larf  KVTt- 

.v«.y 

jiKxiuiy 

lorlM. 

><l«i>rw.  UiitrUUItt. 

SewJ<ner 

in 

«,«i.OM 

KwTork 

SM 

i).;-.>i,«oo 

KrwYotkClly. 

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•.1,635,000 

Morm  Oitulin* 

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8e8.ooa 

UutaTerrllorT.. 



.     tl 

VOMO 

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(.USOOO 

WMhiogton  Ta 



WiMoaMn 

.   « 

I.K4.0CO 

Tot«t 

».tn 

|i«,4n,oo» 

CammIa 

To  discloRe  more  compl 

WT4. > 

fhllHra.  UaOttlia. 


IIG 
STJ 

M 

M4 
71 
61 
M 

14S 
K 

« 
lU 


S,tM,iHO 
MitHkOOO 

«,sa),ono 

Wi.OPO 


^Jltin.  <*  S»j>«  ,15.-, 
n         l,«H.llVt 


Sl,7r4,000 
l.SSS.OOO 

(.tn^MO 

Mt.OOO 


aHMMO 


wi       tsra^tw 


41 

4«0 

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»1 
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1 

m 


81,8:*.  7.0 

4,t*j,aj< 

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IS.lMfl.^SS 

vn.:ai 

l,>-:ij,J39 

47i,sao 

!,iao.370 

■.'.«l 

I.'jM0»7 


5.S34   tlSVKJ.aM 
1.MB       21,9. 1,M4 


failiures  of  the  period  ander  review  Messni.  Dun,  JJar- 
low  «fe  Co.  have  compiled  the  snbjoined  table,  wliich 
shows  that  the  failures  this  year  exceed  those  of  l^'7:^  in 
number,  but  do  not  exceed  them  in  amount. 


ua. 


Porf»ir.        Maw. 

4.m        a.aM 
i.jm       4,3*1 


/trftar. 
«U1.1SMW 
n8.4W.OIIO 

i3i^iw.aoo 

KUMBOUtfel. 


At«at«  ««•■«•.  of  4  i<w«   4J«> 
Fffm  In  No.  of  fallara  for 
VMttmiM. 1,114 


1!I.1VJ,000 
tri.OOO 


AvrtaBO  for*  BOO.  of  4  TOtn.  1 
KzocMOf  UoblllUco  for  put 
•  ■MM »».W, 


to  $t68^824,000.  The  whole  aggregate  of  thctwo  periods 
is  tl,8t 7,112,503.  If  we  estimate  35  per  cent  as  the 
average  dividend  received  by  the  creditors,  the  losses  in- 
flicted upon  them  would  amount  to  $921,090,628,  of 
which  sum  over  600  millions  have  been  lost  since  1868. 
In  other  words  a  sum  equal  to  one-fourth  of  our  national 
debt  has  been  lost  by  the  commercial  community  in  con- 
sequence of  the  failures  of  their  debtors.  A  more  imi)res- 
sive  illustration  of  the  abuse  of  the  credit  system  we 
could  scarcely  give.  It  adds  another  to  the  long  list  of 
proofs  that  the  art  of  giving  credit  so  as  to  secure  th^^ 
Inaximum  of  advantage,  with  a  minimum  of  loss  is  in 
a  very  crude  state,  notwithstanding  the  salutary  improve 
ments  the  credit  system  has  received  of  late  years  among 

m. 

Another  thing  which  these  figures  teach  is,  that  the 
mka  of  business,  though  large,  are  much  less  than  is 
often  supposed,  and  that  the  percentage  of  losses  is 
being  steadily  rednced.  This  fact"  is  somewhat  hidden 
in  our  current  year's-  statistics.  Still  it  admits  of  being 
proved  with  ease.  Several  failures  of  exceptional  mag- 
nitude swell  the  aggregate  of  the  past  nine  months; 
Still  the  number  of  failures  in  that  period  was  but  5,334, 
and  their  amount  was  only  $131,172,503.  Hence  each 
insolvent  firm  averaged  $24,591.  This  is  less  than  the 
average  of  Lost  year,  which  amounted  to  $26,027,  although 
there  were  no  heavy  failures  like  that  of  Duncan,  Sher- 
man k  ' 'o,  to  swell  the  average.   We  arc  thus  warranted 


The  same  comparison  might  have  been  carried  fnrth«i«  in  deducing  the  inference  that  the  credits  have  been  more 


back  with  advantage.     We  have  not  the  figures  fur  a' 
fall    comparison   in    respect    to    other  cities,    but    the 
snbjoined  statistics  are  very  valuable  as  far  as  th>'y  i,'0. 
They  show  that  we  must  look  back  as  far  as  th^'  year 
1801  before  we  can  find  the  aggregate  failarcs  through-^ 
out  the  oonntry  reaching  as  high  as  the  average  of  I84H|i 
In  1801  the  year's  failures  were  6,903,  and  amf>' 
$207,210,000.     Three-fourths  of  these  aggregat 
l^ive  5,244  failurea,  amoonting  to  $155,407,500. 

ULATiTa  raoramoB  or  Finirat  n  tbb  d.  *.,  1817  to  I'T^. 


. — Xrm  rort.—, 
M*.      Amtmikl. 


int....  «» 


IM... 

int... 
u»... 
un... 
nif  .. 

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UM... 

w»*.. 


ns  tm^mjM 

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•  Jaanarr  I  to  S<pt«ab«r  ». 

If  wc  confine  our  attention  to  the  city  uf  Ni'«  Vork 
we  shall  find  that  the  proj>ortion  of  failures  corrc'^iioflds 
closely  to  that  of  the  whole  country,  and  preserve*  an 
important  ratio  thereto  from  year  to  year.  It 
to  be  regretted  that  we  have  not  at  command  tb^ 
KUtisticM  r.t'  1  er  chief  cities.     Some   months  Mo 

we    took    .  .bio  paiqs  to  obtain   the   fon  going 

fignres  reapceting  Boston  and  Philadelphia.     If  .Mewn. 
I>         "    ■        *  C<f.  would    eoi.  I 

ki  nftcT,  they  would   ■  ,. 

financial  community. 

There  are  two  gcniTal  qiicHiicms  which  ;  '.  ' 

by  the  facts  wo  have  pawted  in  review,      i 
oems  the  enormous  waxte of  capit;»l  whi«h  '\»  hei  i 

to  light.    The  f'--' •'••;•>•' »-i.i-- -1  •••■.••'-•     ■ 
failnres  In  the  1 
i288,503,  and  thai  from  loiV  to  l»ti.3  tiie  failnres  amonatod 


judiciously  given  this  year  than  last,  as  is  proved  by  the 
circumstance  that  the  failure*  individually  are  for  smaller 
sums  than  those  of  last  year,  althongh  the  great  general 
volume  of  business  in  the  country  was  probably  about 
the  same  in  each  year.     The  amount  of  the  mercantile 
of  the  oouatry  we  lately  estimated  at  68,000 
'ions  of  dollars  a  year.    This  estimate  would  give 
,00  millions  as  the  aggregate  transactions  of  nine 
'months.     Hence  it  appears  that  51,000  millions  of  oom- 
■   transaction.-*  hare  yielded  but   131   millions  of 
.  ics.     If  3.5  per  cent  was  paid  to  the  creditors 
their  lo(»»es  would  only  be  05  millions,  o»  about  one-fiftl 
cent.     Hence  it  appears  that  great  as  are  the  risks  of 
-.entile  business,  an  insurance  fund  of  one-fifth  per  cent 
lid  not  only  suffice  to  pay  the  actual  losses  at  the 
iMj^h  average  of  the  current  year,  >)«t  it  would  leave  a 
sur]ilas  for  emergencica  o*  scvet  millioos  of  dollars,  as 
an  <a«v  calculation  will  sutfice  to  show.     Whether  it  will 
ever  be  possible  for  us  to  apply  the  great  modern  prin- 
ciple of  insurance  to  bad  debu  and  to  mercantile  failures 
is  a  question  wc  must  leave  the  future  to  solve. 

TDK  DRU BACK  U.I  HAKD  Un\U  SUGAR. 
We  think  SecreUry  Bristow  has  unintentionally 
wronged  oor  refiners  of  sugar,  by  a  late  ruling  of  his 
with  regard  to  drawback.  It  seems  that  under  the  pro- 
vinions  of  an  act  of  Congrew,  dated  March  3,  1875,  rais- 
j  rflfg  8ic  daty  on  raw  sugar  twenty-five  per  cent.,  it 
iraa  further  jirovided  that,  on  the  drawback  on  refined 
•agars  oqwrted,  allowed  by  section  3,019  of  the  Revised 
Slatates  of  the  I'nited  SUtes,  only  one  per  cent,  of  the 
amount  so  allowed  should  bo  retained  by  the  United 
States  instead  of  too  per  eent  as  previously.  The  sec- 
tion alluded  to  reads  as  follows: 

TliTP  tball  b«  allowed  on  all  artioles  wholly  manalactured  of 

^    Imuorted  on   which   dutien   have  been  paH,  when  ex- 

1  drawback  «iual  in  aninunt  to  the  duty  paid  on  »tich  ma- 

t-rinlK   aod  no  more,  to  be  air«rlaine<l  under  anch  reaulationa  •« 

thall   be  preacril^d   br  the  SecreUry  of  the  Trea'ary ;  one  per 

cent  on  the  amounl  of   all  arR»r.,cli«  ao  allowed  ehall,  however, 

he  ffUtned  for  the  vae    '  ■  d  SmIm  by  Ibe  egileclors  pay- 

taa  auch 'Irawbaclw  resi  . 

The  duty  having  thus-  been  raised  tweuty-hve   per 


884 


THE  CHRONICLE. 


[October  23,  1875. 


cent,  on  raw  sugar,  it  was  not  an  easy  matter  to  ascer- 
tain what  drawback  should  be  allowed  on  hard  sugar. 
This  could  only  be  got  at  by  the  average  re- 
turns of  a  number  of  refineries  from  a  variety 
of  descriptions  of  raw  sugars.  The  test  of  the 
refiner  is  made  by  percentages  ;  he  draws  about  fifty 
per  cent,  hard  sugar  from  raw,  and  the  remain- 
ing 50  per  cent,  he  works  into  soft  refined.  To  foster 
the  manufacture  of  hard  is  therefore  advantageous  to  the 
government,  as  the  American  refiner  always  requires 
fresh  raw  sugar,  and  therein  he  differs  from  the  Euro- 
pean manufacturer,  who  again  draws  hard  from  second 
produce. 

After  investigation  made  and  consultation  had  between 
the  Secretary  of  the  Treasury  and  the  refiners,  it  was 
determined  that  3fc.  gold,  less  1  per  cent.,  would  be  a 
fair  drawback,  and  to  this  that  official  acceded  early  in 
April.  Thereupon  a  trade  of  considerable  magnitude 
sprang  up.  The  change  in  net  drawback  gave  our  refin- 
ers a  decided  advantage  over  the  refiners  of  other  coun- 
tries, so  that  the  exports  of  refined  sugar  up  to  September 
1st  and  since  April  Ist,  were  this  year  over  twenty-four 
million  pounds,  against  a  little  more  than  four  million 
pounds  for  the  same  time  last  year,  as  may  be  seen  in  the 
following  statement  : 

1875.  J874. 

April,  Hay  and  Jane,  lbs 16,987,486  3,464,961 

Jn'y ■ 8,669,S01  228,868 

Angust 8,674,406  965,709 


Total  S  months,  IbB 24,38!,388  4,673,528 

Suddenly,  however,  and  without  notice  the  Secretary 

of  the  Treasury  believes  (and  very  likely  correctly)  that 

the  drawback  thus  established  was  excessive,  and  gives 

notice  of  a  change  in  the  rate,  and  further  says  that  the 

subject  will  be  at  once  investigated,  and  "  if  the  rate 

"  fixed  be  smaller  than  now  allowed,  the  deficiency  will,  in 

''  the  cases  of  persons  engaged  in  the  trade,  be  retained 

"from  their  subsequent  shipments.''''   The  new  order  in  full 

is  as  follows  : 

Tkeasukt  Department,  ) 

Washington,  Oct.  9,  1875.  j 
To  Collector  Customs,  New  York : 

Sis— In  view  of  statements  made  to  the  Department  from 
responsible  sources,  alleging  an  excess  in  the  present  rate  of 
drawback  on  RefiDed  Hard  Sugars,  and  of  the  fact  that  these 
statements  are  in  great  degree  supported  by  reports  received 
from  ofiBcers  of  the  Department,  the  existing  rate  of  drawback 
on  such  Hard  Sugars  is  hereby  annulled,  and  the  provisional  rate 
of  |3  'il  per  100  lb.,  subject  to  the  legal  retention  of  one  per 
centym,  is  established  from  and  after  the  receipt  of  this  order. 

This  rate  will  be  subject  to  revision  when  the  invesrigation, 
which  the  Department  will  immediately  institute,  shall  nave  been 
concluded,  and  if  the  rate  of  drawback  then  established  shall  be 
greater  than  that  now  provisionally  made,  all  parties  interested 
will  be  entitled  to  receive  the  surplus,  to  be  collected  on  the 
intermediate  shipments.  If,  on  the  contrary,  the  rate  fixed  shall 
be  smaller  than  that  now  allowed,  the  deficiency  will,  in  the  cases 
of  persons  engaged  in  the  trade,  be  retained  trom  their  subse 
quent  shipments. 

Signed,  B.  H.  Bbibtow,  Sec.  of  Treasury. 

Now  there  is,  of  course,  no  objection  to  the  change  of 
rate  if  the  old  one  is  wrong.  In  fact,  it  is  the  Secretary's 
duty  to  make  the  drawback  correspond  to  the  intent  of 
the  law.  But  the  hardship  consists  in  the  suddenness  of 
the  reversion  of  what  was  presumed  to  be  an  established 
policy  of  the  government  ;  and  further  (and  this  is  espec- 
ially obnoxious),  making  the  change  applicable  to  ship- 
ments already  made,  where  the  accounts  had  not  yet 
been  finally  adjusted  at  the  Custom  House.  A  notice  of 
30  or  60  days  would  seem  to  be  absolutely  essential 
in  consideration  of  the  magnitude  of  the  interests  in- 
volved, with  which  in  divers  ways  so  many  of  our  mer- 
chants are  connected,  and  who,  since  April,  have  been 
able  to  compete  with  European  refiners,  not  only  in 
Spanish  America,  Brazil,  Hayti,  etc.,  but  even  to  a  slight 
extent  in  Europe.     Between  hard  and  soft  sugar  the 


amount  of  monthly  exports  under  the  enhanced  draw- 
back reached  something  like  five  million  pounds,  thus 
largely  affecting  not  only  sugar  refiners,  but  also  the 
importers  of  raw  sugar.  All  were  engaged  in  transactions 
more  or  less  influenced  by  this  change  of  rate.  The  re. 
finersand  merchants  expect  no  more  than  an  equitable 
apportionment  of  what  is  due  to  the  government  and  to 
the  manufacturer.  What  they  object  to  is,  we  repeat, 
the  instability  and  changeableness  of  revenue  measures. 
Establish  a  duty  on  sound  principles,  and  then  leave  it 
untouched  till  some  imperative  necessity  demands  a 
change  ;  and  if  a  change  has  become  unavoidable,  do  not 
let  it  break  upon  the  industrial  and  commercial  commu- 
nity with  a  suddenness  which  destroys  all  calculation,  to 
the  benefit  of  the  few  who  by  some  means  or  other  have 
the  intelligence  a  little  ahead  of  their  neighbors,  and  reap 
a  fortune  thereby.  Instability  is  the  life  of  speculation, 
wMle  it  is  a  serious  hindrance  to  the  carrying  on  of  all 
honest  trade. 

But  this  evil  growing  out  of  the  suddenness  of  the 
change  has  been  done  and  cannot  be  wholly  remedied. 
The  knowing  speculator,  who  by  some  underground 
means  obtained  the  information  in  advance,  has  his 
pocket  well  filled  as  a  result  ;  the  trade  has  been 
demoralized  by  the  uncertainty  overhanging  it  even 
now.  There  is,  however,  one  relief  which  it  is  not  too 
late  to  yield,  and  jwhich  we  are  convinced  should  be 
granted,  and  that  is,  the  changed  rate  should  not  take 
effect  at  once.  The  point  that  the  government  will  lose 
something  by  giving  this  time  should  have  no  influence 
whatever  in  making  a  decision.  Such  a  sudden  change 
is  an  arbitrary  measure,  totally  unbecoming  our  form 
of  government  at  least,  and  for  which  there  is  and  can 
be  no  justification ;  and  we  have  no  doubt  that  the  Sec- 
retary will  modify  his  order  in  this  particular  as  soon  as 
he  has  had  time  to  consider  it. 


Cateat  iHonetara  antt  Cammercial  Sngligl)  :Vcma 

RATBSOF  BXOJHANGB  JlT  IiONUON,  ANJD 

ON   LiUINllOH 

AT  I.ATE8T  DATB8. 

KXCHANGB  AT  LONDON- 
OCTOBER   8. 

BXOHANGH  ON  LONDON. 

ON- 

TIMS. 

BATB, 

LATSST 
DATE. 

TIHK. 

short. 

BATS. 

Amsterdam . . . 

short. 

12.0    ©12.1 

Oct  8, 

12.05 

Antwerp 

25.47K@25.52>tf; 

85.22 

Hamburg 

20.62    ©20.67 

€A 

3moe. 

20.20 

26.n>ia25.27>i 
25.46     a£5-50 

M 

Paris 

3  months. 

Vienna 

'* 

11.42>fail.47>< 

Oct.  8. 

Smos. 

111.90 

Berlin 

30.62    ©20.67 
20.68    &S0.67 

20  30 

Frankfort  

u 

20.30 

St.  Petersbnrg 

31J<®32 

•* 

.... 

32  15-16 

Cadiz 

47X®48 

> 

Lisbon 

90  days. 

S2X®SS5< 

Milan 

3  months. 

27.40    S27.45 
27.40    ©27.45 

Genoa. . 

Naoles 

27.40    ©27.45 

.... 

Madrid 

New  York.... 

Oct,  8. 

60  days. 

$4  80 

Rio  de  Janeiro 

Sept.    8. 

SO  days. 

27X 

Bahia ... 

Ang.  27. 

.  .. 

26J4®2r 

Buenos  Ayres.. 

.      .       •• 

Aug.  31. 

.... 

48)«@5i 

Valparaiso 

Aug.  13. 

«■•• 

43X 

Pernambnco . . 

Sept.    8. 

27 

Montevideo... 

Bombay 

60  days. 

U.  9)<®13-lfid. 

Oct.  7. 

6mos. 

U.  ICJid. 

CalcatU 

1«-  9X@!3-16<i. 

Oct.  5. 

.... 

1».  lOHd. 

Hong  Kong... 

3«.  nud. 

Sept.  16. 

.... 

4s.  Id. 

Shanghai 

•  • 

5«.  fiHd. 

Sept.   4. 

.... 

bt.  riHd. 

PenanK 

Aug.  23. 

is.lUd&is.  l^d 

Singapore..    . 

3s.  llj^d. 

Aug.  81. 

.... 

is.  ld.&it.  IHd. 

Alexandria — 

Oct.  6. 

3  mos. 

97« 

IFrom  our  own  correspondent.] 

London,  Saturday,  Oct.  9,  1875. 
The  demand  for  gold  for  export  to  Germany  has  been  some- 
what active  during  the  week,  and  not  only  have  all  our  importa- 
tions of  bars  been  purchased  for  transmission  to  Berlin,  but  some 
moderate  quantities  have  also  been  taken  out  of  the  Bank  of 
England  on  account  of  the  German  mint.  These  withdrawals 
have  naturally  caused  a  firmer  tone  to  prevail  in  the  money 
market ;  and,  on  Thursday,  the  Directors  of  the  Bank  of  England 
decided  to  increase  their  minimum  rate  of  discount  to  2^  per 
cent.  It  will  be  perceived  that  as  a  rise  of  only  one-half  per  cent, 
has  been  adopted,  the  Bank  directors  are  acting  with  extreme 


Octobw  23,  1616.] 


THE  CHUONIdtE. 


585 


caalion.  aod  »ie  deairooa  ot  retaioiog  the  increaae  J  proportion  of 
dwcouQt  bosiatM  they  hare  recently  acqaind.  It  wan  thought 
at  one  period  ot  the  week  that,  in  order  to  Meonp'iih  thii>,  Xhey 
would  not  make  a  change,  bat  as  there  have  been  withdrawals  ot 
soTcreigns  tot  Booth  America,  in  addition  to  those  ot  bar  gold  for 
Qermaoy,  the  condition  o(  the  money  market  has  been  soch  that' 
for  a  lime  at  least,  the  Bank  will  be  able  to  traueaet  quite  as 
mach  business,  the  open  market  not  being  able  to  bid, 
much,  if  at  all,  below  them.  la  the  interest  of  their 
shareholders,  therefore,  the  director!*  of  the  Bank  hare  pur- 
sued  a  Judiciooa  course,  as  tliey  can  now  show  larger  profits  : 
but,  at  the  same  time,  trade  is  verj  ijuiet,  and,  should  the  German 
demand  for  gold  subside,  it  Is  perhaps  doablful  if  even  so  low  a 
q  notation  as  H  per  cent,  can  be  ',maiotained.  It  is  not  to  be 
expected,  of  course,  that  ao  small  an  increased  charge  as  i  per 
eeal.  will  have  any  iiifluence  In  checking  the  demand  for  gold  on 
account  of  the  German  mint.  The  German  goveroment  will 
undoubtedly  purchase  all  they  require,  or  as  much  as  they  can 
pay  for,  but  perhaps  a  rising  money  market  in  London  will  induce 
them  to  act  judiciously,  aa  any  disturl>anr«  which  may  be  created 
hm»  would  r««ct  npon  Oermany  and  upon  German  eommerre. 
and  canae  ill— llaftition  in  the  country,  more  eapeeially  as  the 
trade  ot  that  country  is  reported  to  be  in  an  nnaatlalactory  con- 
dition. Apart  Irom  the  Oenaan  and  Sonlh  American  demand  for 
gold,  the  indieatioBS  in  the  money  market  are  in  tar  or  of  ease 
trade  being  quiet,  and  there  being  a  eumplete  abaence  of  f^sli 
eoterpriie.    The  rates  for  money  are  now  aa  under : 

rsreent.  |  TmMal. 

4  aioatha' baak  btUs MiMX 

«  month*' bank  bills IJk#*'< 


Btak  rate. 
OpeO'Viarket  ratet 

blllf 


bUls.. 


4  and  «  BoMk*'  tn4«Mlls.  I 


t  non'.at'  bi 

The  rate*  ofintenst  alkiwed  by  the  JoIaV-atoek  banks  aad  dis. 
•DWit  bo«aM  (or  deposits  hire  been  advaneed  i  par  entt.,  and  are 

■ovaauder: 

Pi 

telBt-sloekbaak* I. 

Otacoaat  boiuea  at  call 

DIssoaat  hoatM  with  1  day**  aotte* . . 
Wsssant  hooMS  with  14  dan'  aurlce. 

Aasesed  la aatatemaat  ahowing  the  present  poiltloa  ot  tka  Baak 

of  Baglaiid,  the  Baak  rate  of   dlseoant,  the  priea  of  Cbaaols, 

the  average  quotatioa  for  English  wheat,  the  price  of   Middling 


it 


upland  cotton,  of  No.  40 
sod  the  Bankers'  Clearing 
preTlons  four  years  : 

tm. 

Onauucs,  laMadlac      t 

kaakpoatMUa tr.  >  -  ■  - 

rabUcdaiMaiu 

OttssdapoelU t. 

liersisaiiiatseearttlae.  in.vi.'rn 

Otter  aatarlttes ■a,4«>ti 

■narre  ef  notes  aad 

_esU UMiW 

Oeln    aad  ballloa  Ic 

tetb  depatuaeau....  n.nttM 

aaak-raia >b.c 

Qaasels K% 

■Hllakwkaat ik.  M 

MldTOpUBdcottaa  ..  »kd. 
1lo.4eiBal«raniratr  M 

<aaia7 la.  twj.    ta.  t)<d. 

~      •      ■■  ■■- 104.000  1 — 


Male    yam    fair   aeoond    qualltj , 
Uouse  retara,  compared  with  th* 


IS71. 


1  vrft  '.l»fc 
0S.4W.flM 

a.ni.74t 

«0l«00.TOt 
•Kd. 


un. 

M 

n;nt,tn 


u.sai.111 

Ii,T«a.491 
•.11S.1U 

ti.oit,«n 

Ip.  c, 

ns 

•Oi.  *d. 
•Hd. 


m*.  un. 

«L0«.i4i  ia.m.ttt 

4,o>oi»n  4.:«t.iw 

tOJ0B.«;i  IM4T.4D4 


io,ooiiia  tMn.MO 

*L»ft.tn 
oKT-c. 


oi.aojn 

*  p.  e.  ajf  a. 

M«t.  Mt> 

dOa.  Id.  40a^  Il2 

U.  (Xd 


1s.lKd.      U.m4*. 


Mtid. 


OlMrta«iloas«r*tarali;,304.a00  III.(1S.U00  ;iv.ail.WO  IIMMlSOO  It0.&4&.uuo 
Tka  ratw  of  interest  at  the  leading  eitiea  abroad  are  as  follows  ■ 


BaakOvea 


Baak    Opea 


rate. 

■srktt 

»ar 

iSDt.Hraaet. 

Braasals 

4« 

*H 

TarlB.  rioreaca 

aad 

RoIm 

■ 

41 
» 

U£*I 

e«MM 

S 
» 

Oeeera 

4^ 

*H 

New  Terli 

..  .. 

tSV 

Mifcna  and  Opnrto 
■la  ^licnbttfc .  .  ■  . 


.w 


par  csaC  per  seal. 

Paris t  t 

aaMlardaa •  • 

■•askant OX 

•arila 0  »H 

Pnukfort »  »M 

▼IsaaaandTrlaet*..  .       iH  at 

MadrM.  Cadlaaad  Bar- 

•  aO«     'Calnitta 

4  IJH         Covaakami b)i       tS 

0  0         I  Ooasiaauaople M 

Tbo  demaad  for  gold  fior  export  baa  baea  good.  Th*  laatralian 
•apply  reeeired  on  Moaday  has  been  purenased  by  Oermany  ,  and 
Wreral  parerls  have  also  Iwen  taken  out  ot  the  bank.  A  moderate 
quantity  of  sovereigna  has  be<-n  also  withdrawn  for  transmisaion 
to  Booth  America.  The  silver  market  has  been  firmer,  and  prices 
have  had  aa  upward  tcodeoey.  The  following  ars  the  prices  of 
hoUloo : 
_    „  ,^  aotn.  s.   d.      s.  d. 

■srOold per  OS.  standard.   7)10 

■acOold,Oaa per  oi.  staadard. 

ffa/ OolA, leOnsMs ,  ...♦. 

i»aalskI>qablooae 

iMUAmerlesaOertlooaa 

UaHedSU-MOoMUnin  ......... 

....        -.                                 Sttvaa. 
BarMlver.nae per  oa.  standard. 

BL£'''"£-'?'°'*S*<"-  ^oM- f—  er.aiaadard, 


ts,  £863.500;  to  Fombay.  £01.800;  and  to  Madras,  £758,300; 
making  a  total  of  £1,483,G00.  Tenders  on  all  presileociea  at  Is. 
9  13-16d.  received  6  p»r  cent.  This  result  shows  an  improved 
demand  for  the  means  of  remittance  to  the  East. 

The  proportion  of  reserve  to  liabilities  at  the  Bark  of  England 
lias  declined  from  48^  to  40  per  cent.  The  supply  of  bullion  has 
been  diminished  dunng  the  week  by  £l,0o2,7G7;  but  this  is 
partly  due  to  the  payment  of  the  dividends  on  the  public  funds. 

Measra.  McCalmont  Brothers  A  Co.  announce  a  new  5  per  cent 
loan  for  £267.000,  in  bonds  of  £500  each,  for  the  Sute  of  Massa- 
chusetts. Interest  dates  from  the  1st  October,  1875,  the  interest 
for  the  first  three  months  payable  by  special  coupon  on  the  1st 
January,  1870,  and  the  subsequent  interest  half-yearly,  by  cou- 
pons, payable  on  the  Igt  July  and  the  Ist  January  in  each  year. 
The  principal  Is  payable  let  January,  18^15.  The  bonds  are  to 
bearer,  and  both  principal  and  interest  are  payable  in  sterling 
money  in  London,  at  the  offices  of  Messrs.  McOalmont  Brothers  & 
Co.  They  are  issued  nnder  the  authority  of  an  act  of  the  Legis- 
lature of  Mssoafhusetts.  approved  30th  June,  1874,  which  pro- 
%-idea  for  the  eatablishment  of  a  sinking  fund  for  the  payment  of 
the  loan  at  maturity.  They  will  be  issued  at  par,  payable  by 
icstallments,  as  follows:  5  per  cent,  on  application,  25  per  cent. 
on  allotment,  35  per  cent.  29tb  October.  1875.  and  35  per  cent.  15th 
November.  1873. 

The  by  no  means  nnexpected  announcement  has  been  made 
that  the  Turkish  Government  will  be  unable  to  meet  the  pay  • 
ment  in  full  of  the  interest  on  their  debt.  A  decree  lias  been 
issued  staling  that  one-half  ot  the  next  coupons  will  have  to  be 
paid  in  cash,  and  the  remaining  half  in  five  per  cent  bonds.  The 
Turkish  Government  has  lor  some  time  put  been  unable  to  bor- 
row, either  here  or  in  Paris,  except  on  very  onerous  t«rms,  and  as 
It  laorident  that  tfie  coupons  which  have  been  paid  for  soma 
yean  past  have  l>een  met  partly  out  of  revenue,  but  also  out  of 
the  pwoosdo of  new  loans,  it  is  feared  that  Turkey  must  event- 
ually boeemo  bankrupt.  KoBding  half  the  annual  interest  will  of 
eourse  rapidly  increase  the  debt,  and  consequently,  unless  the 
credit  of  the  Government  is  raised,  which  can  only  be  done  by  the 
revaaiM  of  tb«  eonntry  being  largely  augmented,  and  this  seems 
moet  inprolikble,  a  time  must  eventually  come  wbm  the  debt 
will  beeome  oo  large  aa  to  leave  but  a  amall  amount  of  revenue 
available  to  pay  iatereat  to  each  bondholder.  It  seems  almost 
cli-ar,  therefore,  that  the  period  is  fast  spproaching  when  Turkey 
will  beeome  completely  bankrupt.  Both  Turkish  and  Egyptian 
OoTorameot  securities  have,  of  courae,  experienced  a  heavy  fall 
Id  priea  dorlag  the  week. 

Tka  Market  for  British  railway  shares  hss  been  firm,  and  as 
thooe  soeoritiee  are  well  held,  while  there  iiassgain  be^  an  InOa- 
entiat  demand,  a  marked  iiuprovement  in  prices  has  taken  place 
duriag  the  week.  United  States  Government  securities,  aa  well 
ai  Brio  and  A;lantle  A  Great  Western  railway  bonds,  have  alao 
•■xporiaacad  a  rise  In  value.  The  closing  prices  ot  consols  and 
the  principal  American  securities  at  to-day's  market,  compared 
with  thoaa  of  Saturday  last,  are  sobjoiaed  : 

Bsdm.      Oct.  t. 

LaMad iisisai  OiL.'.  '.'.'.'.".'.""'."'.'.'.""'...'.! . Uoi    UM^SI lOX 
Oo      MO  years,  ts..... MJI     ....*  ... 

Po       IS 1«B    106    ftWX 

00       (• 1806    105    Sl07 

C.  8.Unjm,MM0Olsa.laPak.tI,'OO,(a....UBT    107    AlOIX 

De     fa 1»I4     ....a.... 

IIOika4ad.Bs....     1»>    IOImSuo 

MmSuIS wot    lM)tEv»)t 


ipadjan  Dollara 


I  UoUme  (Ovoiaa) 
VHs  ftaae  Pleeaa 


s.    d. 


paroa.  Deaakna 

<)B*ck»llTer,  <iV  lii".  per  totti*.'  IMicoin^  «  per  eiiit 
The  periodleal  sale  of  bills  on  India  was  held  at  the  Bank  of 
The  amount*  allotted  wtr«— to  Calcut- 


OcL«. 

n»ft04 
lov^^iiox 


"-ifir; 


do   Oa 


18^5 

'.l"'.'.i«8 


s: 


HS?: 


Eaglaad  oa  Wodaooday. 


Do 
Do 

Do  OS..... ••■••.•. 

Do  fa,  scrip  and  bonds. 

VirgiaU  stock  fa* 
Oo  Ifei 


1804 
.1900 
.UM 
.1801 
.1801 
.1880 


OS 

vu 


Toodel  fa^. 


.noB 

am  I 

AUaalk  *  Oraat  Waatara  lit  M.,  tl.ilfWJs.—iSS 
Do  tdniart,tl.oao,7a..l<00 

Do  8d  Bort.,  tLOao 1900 

AtlaMkmaslarippt  *  Ohio,  Con.  mort,  7*. ..  .1000 
BaSooia  *  rotoiHC  (Main  Una)  Ut  mort,  Oa.l«ll 
40  (Tannd)  Ut  raortgam.  Oa, 

(ilikhr  Peaasylvaala*  Mo.  CeatRairwa7).l«U 

OMBsTHew  JarsM, COD*,  mort..  7i... 1800 

CcaaalPscUe o4  oillfomla,  l»t  mort..  fa..  ..1800 
TT^Po  Oillfornla  *  Oregon  DIv..  1st 

oSSTt'lSinakm  lit  mortf<ie/7». ■■•'•••••  JgW 

•00  0dmoncag«,8s 1870 

Irio""^ 
Do 


>fNnr«aea,7a 


Do  asovattlMe  r>ld  boada.  7a 

rialvasloa  *  Harrlibon,  Ut  mortcage,  M. 
llllaelsosolral,  |100  tbarc 


LaMOh  VaUar,  ooesolldaled  mortgage, 
MarlstiO  *  CladaaaU  BaUwaj,  7 


...1001 
...1011 

:;:i4n 

...un 


iSl 

tiOO 
AM 

10*   1 

>101 

100 

MO 

MO 

MO 

1(10    I 

IDS 

00   1 

40 

07   4 

(oo 

n  fl 

>*» 

18    \ 

MS 

ftK( 

>    W 

80    ( 

|40 

87    i 

kN 

88    t 

too 

KM 

«« 

04    I 

I  97 

90    t 

i» 

88    1 

>4S 

80    1 

t45 

UK 

>1SK 

SI    1 

8* 

44    1 

i4« 

OS'  I 

75 

h 

W 

m 

386 


THE   CHRONlOLIn 


[October  23,  1875. 


Kedm.       OcL  S. 
MlHoarl  Kuiiu  A  Texu,  Ist  mort.,  g^ttr.  Kold 

bonds,  English.  7b 1904 

New  York  Boetnu  &  Monlreal,  7b lUOS 

New  York  Central  &  HudHon  Biver  mortg.  bonds.. 

New  Y'ork  Central  $100  shares  

Oregon  £  California,  Ut  mort.,  7s  1880 

do       Frankfort  >  ommit'e  Receipts,  x  coup. 

PennsrlTUila,  $50  shares  44Xi 

Do.  iBt  mort.,  (iB ..1880      ... 

Philsdelphia  i,  Reading  $50  shares 49^1 

PtttsbarK  Fort  Wayne  *  Chicago  eqnlpment 

bonds  (guar,  by  Pennsylvania  Co.).8« 101 

Union  Pacific  Land  Grant  1st  mort..,  78 1889      87 

Union  Pacific  Railway,  1st  mortgage,  e's 1898      92 

AMERICAN   BTXRUMO  BONDS. 

Allegheny  Valley,  gnw.  by  Penn.  R'y  Co 1910     88X8  89X 

Atlantic  A  Qt.  Western  consol.  mort,  Bischoff. 

certs,  (a),  7s 1890 

Atlantic  A  Ot.  W.,  re^organlzatlon  rcrlp,  78..  .1874 
Do  do.       leased  lines  rental  traat,  7s. 1903 

Do  do.  do.  1873, 7s.  1903 

Do.  do.       Western  ezten.,  Ss 1876 

Do.  do.  do.  7s,  guar,  by  Erie  R'y. 

Baltimoie  *  Ohio,  6s 189$ 

Do  6». 190* 

Do.  6« 1910 

Burlington  Cedar  Rapids  &  Minnesota,  7s 1903 

Cairo  cS  Vlncenncs,  7i< 1909 

Chicago  &  Alton  sterling  consol.  mort,  6s.  . .  1903 
Chicago  &  Paducah  let  mort.  gold  bonds,  7s.  ..190*2 


Oct  9, 


®103 
®  8H 
®  94 


5  @  7 
..@  .. 
43  ®  48 
30  &  34 
80  @  a-i 
30    ®  40 

107>«Sl08>i 
109    @1I0 

....&■  .. 

43    &  48 
103>,f@in4X 


.  80 
,  85 


Eastern  Railway  ur  MassachUBetts,  6d  1893  _ 

Erie  convertible  bonds,  Bs 1875      70    ®  75 

Do.  cons.  mort.  for  conv.  of  exlBtlng  bond8.7B.1930      69    @  71 

Do.  second  mort,  7b        1894      87    @  39 

Qllman  Clinton  &  Springfield  l8tmort.gold,78..  1900      6*    a  70 

nUnois  &  St  Louis  Bridge  !  at  mort  7s 1900      88    @  93 

Do.  do.  3d  mort,  78 60    ©65 

nilnolB  Central,  sinking  fund,  5s 1908      96    a  97 

Do.  do  6s 1896    ""     

Illinois  MisBourl  &  Texas  Ist  mort  78 1891 

Lehigh  Valley  consol.  mort.  "A,"  6a 

IjOnlsTille  ANashviUe,  6s 19ii2 

Memphis  &  Ohio  iBt  mort78  1901 

Milwaukee  &  St.  Paul.  1  st  mort  7b 1902 

New  York  &  Canada  R'way.  guar,  by  the  Dela- 
ware &  Kndsun  Canal  scrip,  68 1904 

N.  Y.  Central  &  Hudsou  Itiv.  mort  bonds,  68. .  19a3 

Northern  Central  K'way,  consol.  mort,  tts 19C4 

Panama  geneial  mortgage,  78 1897 

Paris  *  Decatur 1893 

Pennsylvania  general  mort.  6s 1910 

Do.  consol.  sink*g  fund  mort  6s...  .1905 

Perkiomen  con.  mort.  (June  '73)  guar,  by  Phil. 

&Readlng,  6s 1913 

Phil.  *  Brie  let  mort  (guar,  by  Petn.RR.)  68. .  1881 

Do.         with  option  to  be  paid  in  Phil.,  68  ... 

Phil.  &  Erie  gen.  mort(guar.  by  Penn.  RR.)6s.l930 

Phil.  &  Reading  general  consol.  mort  6s 1911 

Do.  imp.  mort.,  68  1897  „ 

Do.  gen.  mort,  1874.  scrip,  6'8 98^4®  99>i 

South  &  North  Alabama  bonds,  6s 87    a  89 

St  LoulB  Tunnel  Ut  mort.  (guar,  by  the  Illinois 

*  8t.  Lonls  Bridge  Co.)  9a 1888      60    @  70 

Onion  Pacific  Riillway,  Omaha  Bridge,  88. .       .1896      95    @  97 

UnitedNew  Jersey  Railway  and  Canal,  68  ..   .1894    106    @IOI 

Do.  do.  do.  do.  68 1901    lOfl    @107 


las 

87 
9S 


105 
111 
89 
H7 
74 
lOti 
'J  7 


®104 
&  89 
@100 


®107 
©US 
®  90 
@  99 
©78 
®107 
®  96 


95 
99 
99 


@  97 
®101 
®101 

87X@  S8hi 
108    ®1I0 

99J<®100>i 


SSJi®  MX 

5    ®    7 

43'  ©48*' 

IS    ®  33 

.30    0>  .35 

3il    ®  40 

I07Xai08)f 

107>5@108J( 

10U>^®110j< 

■  ■■■&  .... 

40    ®  M) 

10.3>i@104)i 

75    ®  60 

84    ®  86 

lOOXaiOlX 

70    ®  75 

73  ©74 
39  ®  41 
65  ®  70 
88  ®  93 
63    g  £5 

96  @  97 
106    ®108 

....®  .... 
103    ®104 
88    ®  90 

98  @100 
83    ®  85 

106    ®108 
linx@lll« 
8»X@  90>f 

97  ®  99 

74  @  78 
106    ®107 

97.!t®  9?>4 

95    @  97 

99  @10l 
99    @101 

87x@  sax 

108    ®110 
9»^©100X 
!«>«®  99)< 
87    @  89 

6S  ®  75 

95  @  97 

106  ©107 

106  ©107 


•  Ex  6  coupons,  January,  1>>72,  to  July,  1874,  inclusive. 
The  Board  of  Trade  returns  for  tbe  month  of  September  and  the 
nine  months  ended  September  30,  issued  on  Thursday,  show  the 
following:  results : 

IMPORTS. 

1873.                 1874.  1875. 

In  September £30,203,600       £31,142.994  £30,858,909 

In  nine  months a76,ir4,664       283,219,827  281,514,696 

EXTORTS. 

In  September £22,274,335      £31,46.3,876  £19,85.3,750 

In  nine  months !93,675,.520       180,940,908  169,3ti5,594 

Subjoined  are  the  particulars  of  the  exports  of  cotton  yarn, 
distinguishing  the  countries  to  which  those  exports  have  been 
made,  during  the  month  of  September,  1875,  compared  with  the 
corresponding  month  in  1873  and  1874 : 

1«7.1.                  1874.  1876. 

ToRnssia lbs.       447.974              675,570  548,500 

To  Germany 2,9il,609           .3,171,700  3,485  300 

To  Holland 8,350,590           3,i69,bI4  2,866,400 

ToFrance 121,736              273,048  32vl,700 

lutransit 31.600             .338,000  • 

Toltaly 1,942,200           2,070,900  2,086,800 

To  Austrian  territories 248,400              365,400  167  300 

ToTurkey 1,623,200           1,696,760  1,426,100 

To  Bgvpt 425,800               177,-300  220,800 

In  transit 316,100               73.600  • 

To  China  and  Hong  Kong 670,000           1,507,100  1,583,700 

To  Japftn 435,730             432,800  1,553,000 

To  British  India- 
Bombay 610,620               729,800  574.600 

Madras 804,800             953,800  1,5.37,700 

Bengal 786,800           1,729.000  627,700 

Straits  Settlements ..       137,170             237,900  i.il  ino 

Ceylon 28,000               25,800  .'i.tOO 

2,153,117  2,818,600 


To  other  c-iimtrles 1,836,164 

Total 16,639,083         19,783,604         19,811,500 

The  following  were  the  quantities  of  cotton  manufactured  piece 
goods  exported  from  the  United  Kingdom  in  September,  com- 
pared with  the  corresponding  period  in  the  two  preceding  years. 


1873.  1874. 

To  Germany Yards    2,896,606  4.829,300 

ToHolland 4,854,200  5,954,900 

ToFrance 3,714.320  4,467,820 

Intransit 6,114.600  4,391,500 

To  Portugal,  Azores,  and  Madeira 6,014,030  6,666,400 

Toltaly 7,603,600  6,361,600 

To  Austrian  territories 1,367,900  1.656,500 

ToGreece 3.215,100  8,533,100 

ToTnrkey 23,016,500  29,839,700 

ToEgypt 10,728,300  11,324,200 

Intransit 9,945,100  3,107,200 

*  The  quantities  and  values  of  goods  in  transit  to  other  countries  are  now 
placed  to  the  account  of  those  countries  for  which  the^rare  ultimately 


187B. 
4,848,600 
3,928,100 
9,783,600 

* 

6,527,100 
8,476,600 
:,029,400 
4.36.3,300 
35,488,800 
lf,260,800 


1873.  1874. 

2,884.033  2,107,810 

6,303,700  4,373,500 

S,M3,'0lio  13,d39',e30 

8,759,400  6,086,900 

4,658,760  4,034,800 

6,131,300  6,763.600 

16,834,700  15,060,388 

1,34'.',300  946,600 

3,54:i,830  4,601,700 

7,889,200  5,179,400 

2,536.100  3,067,100 

31,073.000  27,178,700 

3,381.600  4,133,000 

538,600  1.906,300 

l,0n,600  4.808,700 

166,800  1,133,100 

1,979,000  3,795.253 

l,493,90i>  1,396,9(10 

6,466,906  6,501.130 

3,775,340  3,583,900 

1,653,950  l,321,8ja 

..  18,516,000 
..  4,616,700 
..  60,670,480 
. .  5,85.3,500 
..  1,278,100 
..  4,331,000 
. .  1,743,859 
..  19,354,000 

Total  unbleached  or  bleached 106,83.3,168 

Total  printed,  dyea,  or  colored 98,186,'S9 

Total  of  mixed  materials,  cotton  pre- 
dominating  1,455,488  1.837,340 

Total aOO.975,445  848,618,fOS 

Other  manufactures  ot  cotton  show  as  follows : 


To  West  Coast  of  Africa Yards. 

To  United  SUt«8  

In  transit 

To  Foreign  West  Indlea 

To  Mexico 

To  Ignited   States  of  Colombia  (New 

Granada)     

Intransit 

ToBrazil 

To  Uruguay 

To  Argentine  Republic 

To  Chili 

To  Peru 

To  China  and  Hung  Kong 

In  transit 

To  .lapan 

ToJava. 

To  Phi  llppine  Islands 

To  Gibraltar 

To  Malta 

To  British  North  America     

To    British   WeBt   India   Islands   and 
Guiana. 

To  British  poBBessions  in  South  Africa. 

To  British  India- 
Bombay 

Madras 

Bengal 

Straits  Settlements 

In  transit 

Ceylon 

ToAustralia 

To  other  countries 


Lace  and  patent  net £91,563 

Hosiery  of  all  sorts 73,3bO 

Thread  for  sewing lbs.  736,4J7 

Other  manufactures,  nnennmerated £131,808 


£85,391 

78,695 

736,647 

£76,613 


1875. 
3.294,600 
6,316,300 

• 

13,170,900 
4,896,000 

1,393,500 

* 

16,458,700 

911.800 

3,443,800 

4,984,600 

1,700,000 

43,331,800 

• 

6,632,900 
3,615,500 
3,901,600 
3,630.700 
1,841.900 
3,070,600 

3,769,800 
1,640,400 

3.5,915,800 
3,850,800 

55,933,400 
7,530,600 

• 

3,(21,900 

1,618.100 

36,741,300 

238,497,100 
88,124,400 

980,600 

333,603,100 


£80,964 

74,305 

859,314 

£76,511 


Total  value  of  cotton  manufactnreB.£5,348,6«l         £5,509,813       £5,306,356 

*  Since  January,  1875,  the  registration  of  tbe  indirect  trade  to  these  coun- 
tries ha4  been  discontinued,  and  the  goods  are  now  carried  to  the  respective 
countries  of  ultimate  destination.  * 

Tbe  imports  and  exports  of  cotton  during  the  month  of  Septem. 

ber,   1875,  as   compared   with   those   of  1873   and  1874,  were  as 

follows : 

IMPORTS  OP  COTTOM. 

1878. 

From  United  States 230,486 

FromBrazil 60,776 

From  Turkey  171 

From  Egypt 60.O^3 

FromBritiBh  India 351,915 

Prom  other  countries 54,773 


1874. 

1875. 

cwts. 

cwts. 

161.444 

46,601 

69,611 

53,731 

313 

21,812 

8,803 

484,839 

306,806 

21,798 

33,353 

749,717 

438.694 

46,333 

44,510 

81,840 

37,323 

48,823 

55,809 

33,937 

64,835 

15,670 

8,409 

15,6*9 

41,795 

352,670 


Total...  788,173 

EXPORTS  OP    COTTON. 

To  Russia,  northern  ports 7,701 

To  Germany 39,444 

ToHolland 89,385 

ToBelgium 82.141 

ToFrance „ 88,567 

To  other  countries 34,186 

Total 171,436 

The  trade  for  wheat  has  been  quiet  during  the  week,  but  a 
steady  tone  has  prevailed.  Choice  descriptions  of  produce,  both 
here  and  on  the  Continent,  are  held  at  extreme  rates.  It  is  esti. 
mated  that  about  1,100,000  quarters  of  wheat  are  now  afloat  to 
the  United  Kingdom.  ~- 

Tbe  following  figures  show  the  imports  and  exports  of  cereal 
produce  into  and  from  the  United  Kingdom  since  harvest,  viz. 
from  Sept.  1  to  the  close  of  last  week,  compared  with  the  corre- 
sponding periods  in  the  three  previous  years  : 

ntPOHTS. 

1875. 

Wheat cwt.  7,840.783 

Barley 688,240 

Oats !,2n6..393 

Peas 60,581 

Beans 371  997 

lodianCom 2,661,001 

Plonr 579,043 

XXP0RT8. 

33.355 
3,341 
7,897 
932 
2,194 
6.539 
3,115 

According  to  the  return  published  for  the  week  ending  October 
2,  the  sales  of  English  wheat  in  the  150  principal  markets  of 
England  and  Wales  were  only  59,132  quarters.  In  the  previous 
week,  they  were  51,830  quarters,  and  in  the  corresponding  week 
of  last  year,  71,502  quarters.  Compared,  therefore,  with  1874, 
there  is  a  large  falling  off,  which  is  due,  of  course,to  the  deficiency 
in  this  year's  crop.  Since  harvest  the  sales  have  amounted  in 
the  150  principal  markets  to  328,723  quarters,  against  860,754 
quarters,  showing  a  decrease  of  122,081  quarters;  while  in  the 
whole  kingdom  it  is  estimated  that  they  have  been  915,000 
quarters,  against  1,403,000  quartars,  showing  a  diminution  of 
488,000  quarters.  Our  importations,  however,  since  harvest,  have 
l»een  verj  Urge,  and  it  will  be  seen  from  the  following  entimate 


Wheat cwt 

Barley 

Oats 

Peas 

Beans -     .   .. 

Indian  Corn 

Flour 


1874. 

1873. 

1873. 

4,710,893 

3,360,235 

5,961,  E43 

1,742,682 

767,348 

1.007,661 

955,656 

878,619 

948,437 

63,704 

115,697 

107,199 

190,077 

316,770 

268.111 

1,947,810 

2,410,048 

2.891,617 

461,795 

511.673 

454,403 

37,334 

604,312 

38,851 

893 

1,795 

956 

2,098 

5,956 

3,450 

2,312 

803 

492 

11 

7 

a58 

27,466 

32,636 

2,286 

9,171 

36,795 

3,481 

Octoler  23,  1875] 


THE   CHRONICLE. 


387 


that  the  qokntity  of  prodaee  marketed  rinee  the  eloae  o(  An  gast 
ia  eonaideiably  in  exeeae  of  prerloaa  aeaaont : 

vm.        w*.        um.        1878. 

cwt.  cwt.  cwt.  cwt. 

iBBOttioC  whMtiiiK*  haiTMl....  T^MlISS     4.nO,Sn  Mtom  5.*S1,S4J 

Imnoitaar  loualBnkarfMt Ti9,Ma        4«1,7W         aUnt  4M.<ai 

ipndaee 4.117,014     ^S13,97t  S,44a,4K  ^8U,(n4 


ToUl lt.6M.1W    I1,48^7C0     >,n4.au    U,aC9.419 

OWact  axporti  of  «heu  aiul  tear.       as,470         4a,JM        asi.IlT         81.»i 


Swaii it.9n.8»  ii,4».s»    B.aBa.3is  11.s78.a37 

Av«a|«prlcaof  BoglUhwheM....  47t.  lid.  47i.  4<1.  tla.  M.  tS*.  Sd. 
The  Board  of  Trade  retoma  ihow  that  daring  September  we 
imported  into  the  United  Kingdom  aa  much  as  0,M7,434  cwt.  of 
wheat,  againat  4.144.331  cwt.  laat  year,  and  3,013.370  c  vt.  in  1873. 
The  United  Sute<  contribated  3,i>30,4S9  cwt,  against  3,333,951 
cwt.  and  1,310,035  cwt.,  and  RoasU  1,886,S53  cwt.,  against  SUO. 
4S5  cwt.  and  491,394  cwt.  in  the  two  preceding  yeara  respeetiTt-lf' 
The  Imports  in  the  nine  monthatiare  amonoted  to  as  mach  as  36,. 
7403M  cwt.,  rather  more  tlian  one-half  of  which  has  been  received 
from  the  United  States.  Of  floor  the  importa  in  September  w«rf 
403,318  cwt.,  atrainst  SM,788  cwt.,  and  in  the  nine  months  4,409, 
Otf  cwt.,  against  4.86737S  cwt.  in  1874.  The  receipts  of  foreign 
barl«7  in  September  were  only  561,789  cwt.,  against  1,458,504  cwt.; 
of  oats  1,1H,495  cwt.,  against  818,874  cwt. ;  of  peas  S7,710  cwt.. 
against  43,833  ewt^  of  beans  314,2M  cwt,  against  155,039  ewL;  and 
of  Indian  com  2,039AI3  cwt..  against  1,587,183  cwt.  The  follow, 
lag  is  (he  ofleial  eatimate  of  tie  Talae  ot  oar  importations  of 
cereal  prodner  ia  September : 

ms.  WM.  1S7V 

«Mu.ni 


Wkwt 
Badar 


tiMM 

tiMIO 

4T.«M 


■;m 


TMal. 


MatTTI 


srr.nr 


1,708 
«S.444 

r.oM 

U«.4M 
7M.9a7 
«0S,17S 


M« 


■axiUh   ftarkat  K«|»«r(a— r«r  <tekU. 

Thedr.iljreloaioK'iaotaiionsinthe  markMa of  London  and  lAm. 
pool  lor  the  past  woak  hare  been  reported  by  cable,  aa  ahown  lo 
the  fill  lowing  sammary : 

LondoH  Mm*f  and  at*ek  Mmrktt.—ha  compared  with  Ui> 
Friday's  price',  85's  show  a  falling  off  of  \.  and  new  flres  i. 

The  bullion  in  the  Bank  ot  England  has  decreased  C945,0(X) 
dnrin);  the  week,  and  the  Bank  rate  has  t>«en  forther  adrancvd 
from  3i  to  4  p.  e. 

_  Bat        Koe.       Tea*.      Ws4.       Tkar         m. 

Onsot>rera<M«j.    .  M  t-tt   M  >-M    •!  a-U     M  t-U     M  I  l«   M  »-■« 
••      McoasL....*!  5-t«    MVI«    >4»-M     MM  ••  «-!•    »4  H« 

O.B.«e(Mai.)UH.aM.I«r.       lOnt       MtK       IMM         MW         MM 

aist7„  .  IKK      mM     w!S     imH      mM      mn 
••»• ■»>%     mH     m\     mS      MtS      i«;4 

Thi    <i4qt«(Ma«    >».    ')aiia4   8««iae  asw    flTss  at    Frankiori 
wsia: 
0.t.Bewlra«.. WV      m>t        m  MH  m% 

UitrfMi  OitUit  Vir<i:.  —i99  <^«.s.al  raport  of  aottoa. 

lAmrrptd  Brmtilituft  MarkM.—Tht  bra«datiiA  maritM  eloaes 
Arm,  except  for  com  which  ia  dall  and  3d  lower.  SpriBf  wheat 
is4d.  higkar. 


_  •■  * 

Vloar(WaM««) Cbbi  M  t 

WkMt(|Mirs.  •pr>.§ctl    f  t 

**     ilUdWIatsrr....    "    M  0 

■*  ^raaLWklu  dab)  "    II  4 

QSfafW.  Blzed)*  aaartar  M  • 

Kiimisiilaa)  ■»  a«art>f  41  0 


■oa. 

a.   d. 

M    ( 

•    t 

10  0 

11  4 
»  • 
41    t 


Taes. 

a   4. 

M   • 

•  4 

W   0 
11    4 

e  • 

•t  0 


Waa. 
s.  4. 

M    « 
*    4 

W  C 
II  4 
■  « 
41    0 


Tbar. 

a.  4. 

t<    • 
•    4 

10  0 

11  4 
M    t 

41    0 


Frl. 
a.  d. 
M    4 

*    4 

10  0 

11  4 

m  « 

41     0 


Utr^eei  PramiMont    Marktt.—Poik.  bMoa  aad  lard  are  all 
Uffhar  than  on  Friday  laat,  as  will  ba  ssan  from  tha  following  : 
Sat.     Ifoa.      Taaa.      Wad.     Ikar.       rn 
ad.       a.   d.     a.  d.      a.  d.      a.  d.      ad 

r(Baaa>a«watc« aoo       tOO      «4       (OS       «••       m>   0 

i(Baas)aaw«l>M...       Mo      at      U   •      ••      m   t      ttt 

•  (laat«i.ald.)Vewt   no      (90      m  9      m  t      m  »      MO 

(AMtlaaal  ...    -        «0      MO      MO      Mt      Mt      ttt 

I  ina)    '•        MO       MO      MO       MO       MO       MO 


btd  (A 
OfclisK 


IMmpoU  Prvdue*  JVarM.— Baflnad  iwtioleiun  hasadTanced 
id.,  while  spiriu  pstiwl— m,  tallow  and  sptriu  torpeatina  are 
lower  than  a  week  ago. 


»swt. 


(spMts)  n" 

Mto«fAsMrteaa(.;;«  cwt.  40 


Bat. 

Moa. 

Taae. 

Wad. 

Tfeu. 

rri. 

a  d. 

a  d. 

a.  d. 

a.  d. 

a.  d. 

a.  d. 

t    0 

S   0 

S   0 

S   0 

0    0 

5    0 

M    0 

M    0 

It    0 

10   0 

10    0 

It    0 

V* 

10 

10 

10 

10 

10 

4.'i^ 

m'l'* 

^'-y* 

«'l« 

«7    0 

47    » 

n  0 

tl    0 

t>  • 

n  0 

IT    0 

17    0 

M  0 

IS    0 

» 0 

■  0 

•4    t 

M    t 

jtM4M  iVoAisd  mU  oa  Mark*U.—Utm»d  «ka  abows  a  net 
dMHna forth*  wmik  of  Sa.  UoMsd  aod  llnoood  oil,  bowerer, 
ara  higher. 


■at.       Mob.      Taaa. 

LlDa'de'k«(ol>l).«Ul0    S    0 10    1   0    10  10    0 
UasaadtCalcaUM 40    0       40    0         «t    0 

aaspot,Vcwt M    t        at       M    f 

Bpsnsoll •las.M    0    0    M    0   OM    0    0 

wbalaoU "MOOMOOMOO 

Llaaaa4eU...,Vewt.     Ml        M   a      M   « 


Ws4.  nor.        m. 

M  :  i.  »  ».  t.  M  :  A 

10  10    0  W  W    0    10  16    0 

40    0  40    0         40    0 

«  0      at      n  • 

MOOMOOMOO 

MOOMOOMOO 

M    e        M    0        M    t 


(giommcrrial  anb  illigcdlanieoug  Ncroe. 

IMPOItril   ANll    GxfUKTS    KOR  THB    VVkkK.— The  imDOrl8  thi« 

week  show  an  increase  la  both  dry  goods  and  sreneml  mer- 
O'landise.  The  total  iinporls  amount  to  |6.293,3'20  thin  week 
»K*inst  $4,653,516  l»8t  w«ek.  and  $4,983,303  tUr  previouB  week' 
The  exporiH  are  $5,480,384  this  week,  anfaingt  $4,877,407  last 
week  and  $5,337,019  tlie  nrerioas  week.  Tbe  exports  of  cotton 
the  past  week  were  10,899  bales,  against  14,050  bales  laat  week. 
The  following  are  the  imports  at  New  York  tor  week  endinir(for 
dry  good*)  Oct.  14.  and  tor  the  week  ending  ftor  general  iner- 
cbaadJsel  Oct.  15: 

»oaaia«  laroaTa  »i  aaw  roiic  roa  thb  wbbi. 

187*.  187S.  1874.  1875. 

DryKOOd...   ..       tl.ilOMt        »1.«W.S87        «l.TO.8n        11.9:7,088 

Oaoaral  merchaDdlsa...        &,tOS.745  i!.a:a,4CI  4.8BS.««  4,S7ilM 


Total  tor  tas  week.. 
Prertooalr  reported... 


I.OO(,t8S 

o,na,oi8 


t4,>18.000 
»,1M3M 


10.001,070 
S1C06S.M1 


t8,»s,»ta 

M7,S4S.37> 


Blaca  Jan.  1     .  «3&7,m,003     (898,113,830      »a«.6Sl,8Sl    trs.811,590 

Inonrreport  ot  thedry  goods  trade  will  be  tonnd  thelmportaof 
dry  goods  tor  one  week  later. 

ThetoUowing  Is  astatement  ot  tbe  exportB(excIasiTe  ot  specie) 
fromthei>ortoryew  York  to  foreign  ports, for  the  week  endinir 
October  19:  " 

axTOBT*  raoa  aaw  tobz  roa  raa  waaa. 
_       ^  ^  '■"•  18W.  1874.  187S. 

For Ua  weak ....      IMKOee        »,4ao,&M        |&.5as,«S3         |S.4t0.a8l 

PteriOBaly reported..  .      177,909,100      ai>.S7t,tW       »),OW,auO       IMTMUl 


'aa.  1 tlSl.:0t,1M     |»8,00t.535     (23S.U1,969      t«0*,18l,906 

Tha following  will  show  the  exporta  01  specie  from  ttie  port  of 
New  Tork  tor  the  week  ending  Oct.  16,  1875.  and  since  tbe 
beginning  of  the  year,  with  a  oomparisoa  for  tbe  eorrespondlog 
date  ia  pravioas  Tears : 

Oct  It— Brl*  Mary  AOerton Porto  Cabell"...  Amerinn  gold MSlOOO 

Oct.  IS— Str.  Oolamlns lUraiia .\mta1csn  cold...  0  000 

Oct  14-Btr.  HamiBOBla Hamborg Silver  bara  .. .     ...  4«;im 

London BilTcr 'an 17  WS 

Pwla BtiTrrbara soloao 

Oct.  U-«<r.  rraaea.  ...ParJa BUrer  bar*. nSm 

OeL  W-Slr.  Brittaaic Llrerpool 81>*er  bara... qn'ooo 

Mexican  atlTcr  oota.  t8S,-JS7 

Tatslfbrtba  weak 

Piertoosly  raporud ...'.'.". '.'..".".'.'.'..', 


ratal 

UN.. 


•  ' $4(18,7110 

~    t8.8Wt.SI7 

Jaaiaryl.l81> •.— .:;i:i-:.-j.-_-;i-^ ta4.8o;.iia 

$tt.a>8.7«7 

«o.s«ak4.o 

4X(>tt.e7x 

M,l8ll,18S 


•40.n8.ns  I  IBM. 

48,741.1  <0  I  U«.  ... 

oojta.nt  I  isoT 


BTJ!f.atO|nM., 


181B.. .•...,..., 

im 

ism. U>tt.740 

The  Imports  of  ap««io  at  ihla  port  darln^tno  p««i  wMk  have 
baoaaslollowa: 

Oat  lt-«ir.  Ooasa 

Oel.  n-atr.  Alps 

Oct  tt-B«r.  Ooloa 


fMVT.OM 

• Oill07,OI9 

>••■••  ..••.•■■•••.     t.700.fM 

8,aoMi> 

—Tha  7  par  cant  gold  eoapons  of  tbe  Dearer  &  Rio  Grande 
(aarrow  gaogej  Railway  and  the  6  per  cant  gold  coupons  of  the 
Csatral  I'-olorado  ImproToment  Co. — both  heretofore  paid  by 
Meaua.  Duncan,  Hhennan  ft  Co. — will  be  paid  00  and  after  Nor.  1, 
hr  Maaars.  Ratten  ii  Bonn,  53  Exchange  Place.  A  6  per  cent 
dirldaad  oa  the  stock  of  tbe  National  Land  &  Improvement  Co. 
(of  Colorado  ■priaga;  haa  also  haaa  declared . 


IAIIIIN6  IMS  riNAXCIlL. 


ADVAMOa  MASK,  oaiy  oa  OeOoa  to  Btort  sad 


ApgtOMd  BtBck  Isahaaae 
tLM.  WATKBS  *  00. 


HOB.— Wbalbar  yoa  wish  to  BITT  or  an,!,,  write  to 

BAMLIB  *  CO..  Ro.  7  WkH  atnet.  N.  T. 


niAB  BTATK  BONIM. 

aad  Texas  Osatial  BR.  rttst  M' 


)  7  par  cent  Oold  Boada, 


Baoatoa  aad  Texas  Osatial  BR.  rttst  Mortasce  7 1 
«*.  IL*H.  nntMOtttMsT  par  cent  Oold  Boada, 
Tma  Laada  aad  Laad  Bezlp,  fW  aato  by 

WILliAM  BRADT,  M  WUllam  at,  M.  T. 


s¥Sc£s 
DsaK  la  St  the  Haw  Tork  Btodi  Bxcbangaboogbt  aod  sold  by  as  on  maixln  of 

•rapareaat  

PBrVILBOBB 
atoaetotwopareaatfroaaiarkat  on  aambenpf  the  New  Tork 


BdlMMe  or  napoasibla  partiea.    Id^p  sams  bare  bean  realised  tha  past  80 
An,   Pat  ar  caO  eosU  oa  lOO  aksras 

•lot  a 

, ateb,  eootrol  tOO  abaraa  of  atook  fii>r  W  dsya  wtlhont  fnrUier 

iWk,  wMle  taaay  thooaand  doUan  prolt  nur  ba  gained.    Adrice  and  tnforma- 
Uoa  tamlabad.    Paapblet,  oootalnlng  rahiable  atatiatlcal  Infonaatlon  and 
how  Wall  alract  opantlooa  are  eoadttttad  tiat 
PRKI 
Orders  aoUdtad  by  mall  or  wire  aad  promptly  axacoted 

TCWBBIDQX  *  00-  Bankers  and  Brokatt. 

Ho.  «  WaU  Btrsat  H.T 


IWlBysddrai 
ML  TiiaiMS. 


88S 


THE  CTOONICLR 


;   [October  23,  1875, 


NATIONAL   H1\KS  OKRAMXKO. 

The  United  States  Comptroller  of  tUe  Currency  furnUlies  lUe 
followini;  statement  o(  National  Banks  orjranized  the  past  wcuk  : 
2,301— llerrhandise    Naiional    Bank    of  Boston,  Mum.    Authorized  uiiiilial, 

tSOO.OOO;    piiiil-ln   caplul.  $J)0,OOJ.    Israel  O.  Whitney.  Pre«iil>nt! 

Edward  O.  Rockwood,  Caihicr.    Anthorized  to  commeuco  buslncM 

Oct.  18.  ]b75.  ■        ,    , 

i,305— Peoples'  National  Bank  of  Brattleboro,  Vermont.    Auhorized  capital, 

ilUO.OOO;  paid-in  caplial.  tM),iX)0.   PaileySUrr,  President;  AVllliam  A. 

Faulkner,  Cashier.    Auihorlaed  to  commence  business  Oct.  16,  1875. 

DIVIDBNDH. 

The  following  Dividends  have  recentlr  been  announced ! __^ 


COMTAHT. 


Uallroads. 

Boston&Malne 

Concord 

Fetetborough  (N.  H.) . . . 

Banna. 
American  Exchange  National.... 

Fulton  National 

Mercantile  National 

Pacific  (quar.) 

ffi  iacellaneona. 
Iowa  Railroad  Land  (guar.) 


Pkb 
Cbkt. 


«4 

S 


When 

P'aBLK. 


iNov.  15 
INcv.  1 
'.Oct.    20 


Nov. 
Nov. 
Nov. 
Nov. 


1500KS  CLOtiBD, 

(Days  icclusive.) 


de,  1881 conp..  ;i85<  Jan, 

6e,6-30'8, 18(i3 coup  .  114W  Jan.  S 

es, &-20's,  )8ii4 coup..  lir>K  Aug.  i! 

8e,  5-ao's,  18'a coup.,  inx  July  U 

6a,5-20'8, 18tiS,  now.conp..  IIT^  Jan.  .8 

«),S.20'8, 1867 coup.^  118X  Jan.  9 

u,5-20's,  lS<i8 coup..  118     Jan.  9 

«i.lO-40'8 ..rug..  118>^Mch.  8 

■■,10-40'B coup..  1133»  Mch.  * 

5a,  funded,  1881. ...conp..  113K  Jan.  S 

j«. Currency rec.  117K  Jan.  4 


I  Oct.  53  to  Nov.  % 

II  Oct.  n  to  Nuv.  1 
1  

1  


The  range  in  prices  since  .January  1,  and   the  amount  of  each 

class  of  bonds  outstanding  October  1,  IST.'S,  were  as  follows: 

r—Hanfto  since  Jan.  1. — .  ,— Amoom  Oct.  1.— — . 
Lowi»i.         niRhest      Ueglstered.     Coupon. 
M.lSSl reK..118     Jan.     SlSSJi  May  2K  $193,3^4,850         $. 


150)<  Juuel7 
US^  Apr.  13 
121  Apr.  27 
iiifi  June  18 
lUHJnne  17 
libH  Jane  -J5 
!25^  June  18 
118X  June  18 
lliiXAug.  2< 
119  June  iS 
124Ji  Apr.  24 


80.363.B00 

86.650  24.8.W.6.W 

26,274,000  84,508.350 

33.844.H50  118,(^9,4;  0 

B8.43i;.8i;0  144,24«.3liO 

88.913,1 50  8»l,709  700 

14.553,000  a-J,919,0(0 

141,619,950  .... 

52.946  850 

209,871.900  248,081,550 

64,628.512  


Closing  prices  of  .securities  in  London  have  been  as  follows: 


D.8.68,  5-20's,18«S,  old. 


p.  B.6s,  5-20;s,t86T. 


.8.59, 10-40'» 
KfewSs..'...     ., 


lOfiif 
107K 
104  Ji 
104X 


Oct. 
15. 


104 
J07>4 
104  Ji 
103H 


Oct. 
22. 


103H 
107« 
1«4« 
103X 


Since  Jan.  1,  1875. , 

Lowest.      I     Htfibegt. 


ima  Oct.  201  !08V(  Apr.  9 
10«X  June  18;  109X  May  5 
102X  Feb.  131  107  Aug.  13 
102     Apr.  131  10.^X  Au,;.  16 


FRIDAY,  OCTOBER  22,  1875-0  P.  I>I. 
TUe  money  market  aud  Financial  Situation. — Among 
the  prominent  features  of  the  past  week  have  been  the  further 
decrea.se  in  legal  tenders  shown  by  the  last  bank  statement,  and 
a  consequent  hardening  tendency  in  money;  a  moderate  business 
in  investment  securities;  decided  activity  and  buoyancy  in  specu- 
lative stocks  ;  a  relaxation  in  gold  and  better  rates  for  exchange 
to-day;  and  another  advance  of  i  per  cent,  in  the  Bank  of  Eng- 
land rate. 

The  money  market  has  attracted  more  attention  since  the  large 
decrease  in  legal  tenders  of  the  past'  two  weeks,  which  reduced 
the  surplus  reserve  of  the  liauks  from  $14,731,350  on  the  2d  inst. 
to  $5,709,900  on  the  16th.  This  reduction,  however,  which  arises 
from  the  drain  of  currency  to  interior  cities  to  meet  the  demand 
for  crop  movements,  is  quite  generally  regarded  as  a  favorable 
sign,  and  brings  none  of  the  apprehension  of  great 
stringency  in  money  at  this  centre,  which  formerly 
attended  the  first  signs  of  an  active  currency  demand,  at  the 
opening  of  each  Fall  season.  Ah  an  illustration  of  the  prevailing 
lone  in  the  loan  market,  we  may  cite  one  instance  of  $.500,000 
placea  at  4  per  cent,  per  annum  on  government  collaterals,  till 
the  1st  of  January  next,  the  same  money  being  offered  at  3  per 
cent,  on  call.  There  was  a,  decidedly  firm  tendency  this  woel 
until  Thursday,  since  which  money  has  again  been  offered  in 
greater  abundance,  and  the  range  on  call  loans  to-day  is  about 
3to4  per  cent.  In  commercial  paper  there  is  a  moderate  business, 
chiefly  on  the  basis  of  G@7  per  cent,  for  prime  paper  of  three  and 
four  months. 

The  Bank  of  England  report,  on  Thursday,  showed  a  docliqe 
of  £945,000'in  bullion  for  the  week,  and  the  minimum  discount 
rate  was  advanced  to  4  per  cent,  from  3i  the  previous  figure. 
The  Bank  of  France  gained  1,408,000  francs  in  specie. 

The  last  weekly  statement  of  the  New  York  City  Clearii^ 
House  Banks,  issued  Oct.  16,  phowed  a  decrease  of  $3,809,375,  in 
the  excess  above  their  25  per  cent,  legal  reserve,  the  wlioh^  of 
guch  excess  being  $5,709,900,  against  $9,510,375  the  previous 
week. 

The  following  table  shows  the  changes  from  the  previous  week 
and  a  comparison  with  1874  aud  1873: 

. 1875. ,  1874.  I8t8 

Oct.  9.  Oct.  16.       Dlfferencos.       Oct.  17. 

Loans  anadia.  1384.173.600  i284.5i9.70C  Inc..  t4,;35fi,100  $2*12,275  400  £ 

Specie 6.701,500       B,:J8a,200  Dec.       312.300      15,007,800  SH 

Olrcnlatton....      17.852,400      1~  814,800  Dec.         39,600      SS.CBO.SOO  "g 

NetdeposltS..     230,156,100    22S.(iilS.800  Due.     1.457, :iOO    230,122,700  „" 

Lepal  tenders.      6i).35(i.800     56.495.400  Dec     3,861,400      60,697,000  [?;     ■ 

United  States  Bonds. — There  has  been  a  rather  less  actiw 
business  in  governments,  and  towards  the  close  the  lower  prices 
of  gold  and  possibility  of  a  further  decline  in  the  premium  had, 
the  effect  of  causing  a  slight  falling  off  in  prices. 

Closing  prices  daily  have  been  as  follows: 


state  and  Railroad  Bonds. — There  have  been  very  few 
transactions  in  State  bonds  at  the  Board;  Tennessee  bonds  are 
weaker  on  less  favorable  prospects  of  early  attention  to  the  inter- 
est  question  in  that  State. 

Bailroad  bonds  have  been  dealt  in  to  a  moderate  extent  only, 
and  prices  have  not  kept  pace  with  the  advance  in  stocks.  Several 
of  the  popular  issues  of  bonds  which  are  usually  bought  and  sold 
to  a  considerable  extent  on  speculation,  have  been  nearly  neglected 
and  their  prices  are  lower  than  a  few  weeks  ago;  among  these  are 
the  Chicago  &  ^Northwestern  gold  bonds  and  some  of  the  Central 
Pacific  issues.  Ohio  &  Miss,  bonds  are  selling  at  comparatively 
low  prices,  although  the  absence  of  full  information  as  to  the 
company's  affairs  down  to  a  late  date  prevents  the  public  from 
forming  a  correct  estimate  of  the  value  of  these  securities.  The 
bonds  of  the  Pacific  of  Missouri  have  not  been  much  dealt  in  dur- 
ing the  late  extraordinary  decline  in  the  stock. 

Daily  closing  prices  of  a  few  leading  bonds,  and  the  range 
since  January  1,  have  been  as  follows: 


Oct.    Oct. 

18.  18. 

89Tenn.,newB...     4iH  47)i 

«»N.Car.,oId....   •16)4  'IS 
Is  N.  Car.,  new...      '■)        "9 

«8  Vlrg.,  conaoltd   '69  '69 

do        2(1  series.   '49  M9 

88S.C., J. &j...    ■2!'«  •;» 

68  Mo.  long  bonds  *101X  'lOlX 

N.T.  C.&H.  IstlB      

C.Pac.,gnld68...    lOfiX    lOtiH 

On  Pac.,i8t68...    max    ioix 

do     L'dOr'lls  "gsx    'MX 

do        8.  F.89..      88X      88!^ 

ErleletM.7s 'lOIK 

N.  J.Cen.lst  78 114 

Ft  Wayne  Ist  78.    "113X  "'14 
B0Cirsli1l8t78...  •\IHii  *10SX 
C.  &  N.W.  Bold  78      8«         86 


Oct. 

19. 

•47 


Oct. 
SO. 

46K 


•6SH 

•29^ 
lOtH 
117 
1C6X 
102  !< 
•98X 
BS  89 
WIS      .... 

....  'in 

111      •1-.3H 
10s       109 
83X      83S 


•49 
•29 

'1U1X 
'117 
106 
10;?^ 
98 


Oct. 
21. 


•68X 

•48 '^ 

•if)  a 
'loix 


104 

9i 

88V 
•lOlH 
•llOH 
•113 

•rss 


Oct. 
it. 
45>i 

■s'k 

•  IBX 
•J8X 
•30 
lOlX 
•116 
iO-.X 
Wiii 
93H 
89 
•!01X 
•1111* 
•11.1X 
109 
MX 


-Since  Jan  1         ■ 
Lowest.    I    Highest, 


44  Jan.  4' 
■X  Mch.  27 
11  June  14 
65K  Jan.  26 
36  Mch.  2i 
29X  Sept.  28 
Mh  Jan.  14 
my  Jan.  18 
92),  Jan.  6 
90  Jan.  6 
90     Jan.    h 

ma  Jan.  5 

lOJ  May  29 
1I/7H  Feb.  1 
106X  Jan.  7 
UlS  Jan.  9 
79     June  IS 


SSXJan.  5 
29  Jan.  18 
16  Jan.  7 
60X  Apr.  3 
50  Oct.  3 
35  Jan.  21 
ima  June  2 1 
1-42  Sept.  10 
1U7X  S'Pt.SO 
lUKx;  Juno  30 
102K  Sept.  .'^0 
9TK  Aug.  25 
101),  May  9 
115  Apr.  « 
114  June  3U 
llIK  June  5 
8SK  Aug.   4 


Oct.     Oct.     Oct.     Oct.     Oct.     Oct. 
Int.  period.       16         18.         19.         20.       21.       42. 

8i,1881 reg..Jan.  &  Jnly.*l21«    Um  'lili^  *n\       141       120K 

8a,  1881 conp.. Jan.*  July,  'im       ;2.3X  •1423i    142ji  •122"<^  "'.-siii 

68,  5-20' 8, 1864 reg..May  &Nov.  •115     •115     ♦US     *115     *I14X    lujj 

68, 5-20'8, 1864 coup.. May  &  Nov, 'llO       119      *119      »119     •11tl5i     il.sv, 

68,  5-20's,  1865 reK..May  A  Nov.  'IieX    115Ji  •115Ji  *115Ji  *1155<    ll.ifj! 

68, 5-20'8, 1865 coup.. May  &  Nov.  *119',- *119Ji  *119x    119^  •119     *'.is2 

68,  5-20'8, 1865,  n.  1.,  reg..Jan.  &  Jnly.»JJ9>4  •UO^i    119Jf    119)t  *n8>f  ♦n8« 
68,5-29'8,1865  n:i. , coup.. Jan.  &Julv,    1\t}i 'llVii  *ll9ii    119       11B«    11HI4 

6s,520'8, 1867 reK..Jan.  &  Julf.  *l20)i  »120>i '140^    120)i    ISO        119V 

68, 5-20'8, 1867....  coup..Jan.<fc  July.  «!20)i    ISOii    120X    12").'    i1'.\%    119X 

68, 5-20'8, 1868 rec..Jan.  &  July.  »ialX  *121>.'  *141,V  •121>i  'Iftiiii    rjilV 

68,  B-20'8, 1888 coup. .  Jan.  &  July.  •141>i    181>i 'rilji  •!21),    1403.^    140X 

Bs,10-40'8 reg. . Mar.  &  Sept.  *115^    \'.&r,  *m\'Hi%    llSSi  »11.-)X 

Be,10-40'B coup..iIar.<feSept.    117     *117       117^    117       110,'i  •lliii 

Bs,  funded.  1881 reg    ..Quarterly.  •H5Ji  •11.5Ji  *H.^^•1I5J^    115',  *ll:'V 

Bs.fuuded,  1881,  ..coup. ...Quarterly.   IIIX    inji    IIW    117«    llii^i    117 
6s,0nirencT reg. .Jan.  &  July. •12.3>i 'ISSJi    123K    l!3Ji    ISSJi'mfi 

•  ThU  l»  the  prlct  Ud  ;  no  0<Ut  w»i  made  at  tbe  Board. 


•This Isthenrice bid,  nosalewas  madeatibe  Board. 

Railroad  and  Mlsccllancons  Stocks, — The  stock  market 
has  been  unusually  active,  and  for  most  stocks  buoyant.  Since 
last  week  the  whole  tone  has  been  reversed,  and  under  the  lead 
pf  Pacific  Mail  and  Lake  Shore  a  sliarp  advance  in  prices  has 
taken  place  in  nearly  all  of  the  aciive  list.  At  first  the  move- 
ment Avaa  believed  to  be  only  the  result  of  purchases  made  to 
cover  previous  short  sales,  but  subsequently  the.  continued 
strengtli  in  prices  gave  it  more  the  appearance  of  a  decided 
recovery  from  the  late  depression,  which  was  caused  by  the 
severe  hammering  of  the  market  by  those  in  the  bear  interests, 
assisted  by  some  unfortunate  affairs,  such  as  that  of  the  Pacific 
of  Missouri.  There  is  also  much  talk  to  day  of  a  positive  organ- 
ized bull  movement,  and  this  is  chiefly  based  on  the  fact  that  the 
two  leading  stocks  in  the  present  upward  turn — Lake  Shore  and 
Pacific  Mail — are  well  known  to  be  under  the  manipulation  of 
powerful  speculative  cliques.  With  the  change  in  temper  of  the 
market  there  is  a  corresponding  change  in  every  opinion  and 
report  of  the  general  situation,  and  where  everything  before  was 
dark  and  unpromising,  all  is  now  made  hopeful  and  even  rose- 
colored. 

The  fluctuations  in  the  stock  market  during  the  past  month  or 
two  have  been  pretty  large,  for  a  period  which  is  generally 
regarded  as  one  Of  remarkable  dulness  in  stock  operations. 

Pacific  Mail  has  been  advanced  on  the  reported  sale  of  four  of 
its  old  steamers  on  the  route  between  China  and  Japan,  to  a 
japtaeso  company  for  $700,000  in  silver.  Lake  Shore  is  without 
a  definite  "  point"  affecting  its  actual  value,  but  is  clainfed  to  have 
been  unreasonably  depressed.  Ohio  &  Miss,  is  apparently  stronger 
on  the  addition  of  the  Baltimore  &  Ohio  interests  in  the  Board  of 
directors— the  gross  earnings  in  Sept.  on  its  main  lino  and  Spring- 
field division  are  reported  at  $318,9(55,  against  $331,061  on  the 
main  line  last  year. 

Western  Union  Telegraph  is  without  new  feature,  and  rests 
on  the  claim  that  it  can  maiiitain  the  position  of  an  8  per  cent 
dividend  paying  stock,  against  all  probable  competition.  Pacific 
of  Missouri  has  further  declined  aud  closes  at  9^-— the  gross  earn- 
ings from  Jan.  1  to  Oct.  14, 1875,  are  reported  at  $3,255,877,against 
$3,8.58,874  last  year,  showing  a  decrease  of  $002,990.  I'uion 
Pacific  declined  to-day  from  08  to  COi,  and  Illinois  Central  from 
93  to  90  on  a  telegram  from  Washington  that  the  Commissioner 
of  Internal  Revenue  decides  the  Company  must  pay  tax  on  revenue 
from  lands  sold  on  time,  the  same  as  on  earnings. 

At  the  close  to-day  prices  were  BtroDg  and  ia  piost  cases  near 
the  higUeet  of  the  day, 


tX:tobar  23, 1&75.] 


IHK   CHRONICLE 


389 


For  the  parpoae  of  ahowiog  the  tot«l   tnuutetions  of  the  week 
in  tlie  laadiug  aUxka,  we  h^ye  compiled  the  table  following : 


rtKiae      Lak*    WeM'n  Ctilc  A 


OhtoA   Ptclle  Mich. 


Mall.  Bbore.  Uoloo.  N'weft.  Erie  Miw.    ot  Mo.    Ccuu 

Oel.    U ».SM  «,«00  13,-JOO  6,300  S,300  S,1M 

-      » l».€l»  T7,«gO  »,»10  13.1(U  £.100  4.3G0 

"      t» 71,300  M.9D0  iMOD  «.«»  11,900  I.400 

■'      10 -tXtOO  li8.U)0  Ci,700  10,100  14.600  5,00* 

■*      SI    **,*»  1I17II0  3B,8O0  U.M)  9.H»  l«,«n 

"    ft lu^Mo  t:,joo  71,000  16,300  si,ojo  8.:oa 


TOUl..  .. 
Wboieitoct. 


..Mt,oao  4i«,«oo  «s»,aoo  T8,mo  u.0(»  «.3n 
.joaooo  4M,Ms  sn4M  Ma,aio  nxuoo  a».ooo 


>.«» 

».Tl« 

1.800 

l.TOO 

r,9oo 

»w 

t,«ao 

1.<I» 

8.800 

S.-.'OO 

6,S00 

2.300 

•1,800 

ll.>H» 

«7,8M  ISJ.asJ 

The  lut  line  in  th«  pneedlog  table  showo  the  total  namber  nf 
aharee  of  each  of  the  atoekf,  now  oatataodioK.  ao  that  It  may  be 
■een  at  a  glance  what  proportion  of  the  whole  atock  haa  been 
turned  over  in  the  week. 

The  daily  highest  and  lowest  prices  have  bc?n  as  follows: 


■.y.c«a.*a.s. 

Harlem 

«rl« 

lickeSkor*  — 

«lS5as?.?-!: 

■ocUvwt..... 


_  .F»aL 

«e  »r«(.... 
at.*  rmejunt. 
PkUc  ufMo. . 
Okie  *M1M... 
O«atralof  y.J. 

Kil.L.a  WMi 

■aa.A8t.Jo>. 
DakiafMiec 
AaUOhlaAl  ' 

Wl5l??a.T- 
to      pret. 


•nuiatbaDrte*bldM4Mk»l:  ao  mm  «»  aato  M  tt«  Beard. 


The  entile  range  from  Jan.  1 ,  1874,  to  this  date,  i 


I  follov 


■.T.OMk*Had.B. 

■artaa 

kle 

bakaShof* 

MtcMfuOmnl.... 

Wabaah 

Mortkwaat 

4o        pr*r 

Itlani 


»— Ja«.  I,  ian,to 

Lowcat.  I  ill 
•MO  M«7  WIOIX 
■  UTMJao.  UitW     Apr. 

•  UK  JuM  tl    »H  M(h 

•  UK  Sept.  IS   eri.V  ima 


to«at« — >!. ' 

nirtiwl  La 


WteUywrlfM 


LOWMt. 

..  May  II 

tTllSKJaa.    1 

M  t6    Oae.  10 

i  nKJoasI* 

MMAax. 


«|(JaiM»|  BK{aa.    £  IW(  >>m. 


Bock 
St.  Rial 

4o      pm 

AttMtIc  *  PacMc  pr*r, 
rade«r  MMBoarC.... 
OMoAMIaaiaalBpl.... 

r  J«tM7.  MNUci. 


OvBtralofNaw  

0«l.,  Lack.  *  WMt«ra4eH(  jaa. 

Baaalbal*8l.Je liwo'i 

0alaa  PacMe H    J 

Oa)..CUc*I.O I    .; 

FaitHM Iiov  ' 

WatwBDaloaTal.... 
Adastte  *  Pactfc  T«L. 

QaMkailTar  

do        pr«r 20     .J  ..> 

PatlicMall »\  r.t> 

Adamtlzproa w     j 


»»\  Oct.  •,  «H  Jaa.  4  M]{  Jaly  » 
4*  Oct.  •!  MKJaa.  li  tl  Hrpt.W 
MOM  May  »|IW^  Aac.  It'  MMJaaal* 
«N  iaa«  l«|  «W  Apr.  J  UK  Mar  IS 
51     Meh.  1  —     M 

EKOct. 

MiOct. 
l«KS«pl 

~ »!»>' Apr.  « 

t,  UB     Apr.  17 


H  dOK  Apr.  t  UK  May  IS 
i\  »K  Aac  M^  4»  Mar  t 
•^  M    Apr.  IB   l«w£i|k  t 

MM     Apr.  «  MMk 
H  nx  'aa.    fl  l!]2  Jaw  IT 
S  lU     Apr.  »!  n     Jan.    i 
lUB     Apr.  17   N     Jaa.    t. 


BWhMt. 

MIKMcti.  n 


IMK  ''»- 

SIK  Jan. 

MX  Jan. 

HMJao. 

MM  Jaa. 

MVJaa. 

WKF.b. 
MIK  Pcb. 

«KJaa. 

U%  K.b. 

■  r«b. 

«•     Not. 
M    Jaa. 

1  :aiK  Feb. 
t.i:tKP>b. 


'>«S  Aii<.  i; 
MWJan.  IS, 
Sb  Jan.  e 
M     Jan.    1 


1  WS  .M(h.  tl  MM  Jan. 


*•     Apr.  M   ss«  ij.c 
U     Aac-  e   M     Nnr 

UK  Apr    *.    i«      V.  . 

St       JUD'- 

»N  D«c. 


90    Jaaela,U     Jan.  MMKJaa! 


8€pt.  t>\  rt    -- 


•KJaa.    slM     Not  M> 


>zpraa 

Aia^iUaii  aj.|aaaa 

UaitadSlalaaBnraaa.  4IW  Ab(.  Ill  (I    Jaa,  11 
W«a.FMse*Cte.....  n    Aac  •>  MK  Apr.  10 

■■llMsJ  BaralBc* — Th«  laUwt  Mmlnc*  obUlaalik>,  and  the 
toUU  from  Janoary  1  to  lataat  da<«a,  ara  a«  follows: 

•„*-  ' l«aataarBlaBi  njortad. .  Jaa.JteMaMdata. 

^^'»--  -   .  .       ..w»..    .  un«.      tan.       i»7«. 


A9.r«.  Moelh  ot  Ant. 
ilc.  .  ..  McNiUi  of  Sept. 
*  Cblc.  lalwaak  o(  Oct. 
xaa.  C.  Xoatb  of  Bmt. 
uml  MoBlk  of  8«bL 

III  A  W. .  ]at  waek  of  oS. 
•'.  North,  latwaek  of  Oct. 
Kc Utwrahof  Oct, 

l>-  M         tfiWMkOf  Oct 

-twaakof  Oct 

'  >ata  of    Aac 

week  ot  OrU 

;wwkof  Oct, 

I  >Mhi>f  tfapt. 

■•  WMkof  Occ 

»i.  I  s-ji  .V  ^  u  ;>,x<:.  Moalk  of   Asc 

UalCB  fadfle  Montli  of  8«p(. 


|I»UIS 


•iitai  jsu,ta  iMi.viu 
"-  tCmiM  lis 


tMIS 

llt^W 
IM» 

«r.«n 

lll«M 

mlim 

•I.4H 

l,0«l;«H 


ll,MI 

•Mjm 

na,i« 


MIMOT 


llajK 
ISJBi 


kOM.tlT 


*ss 


4«.«) 


aoMo 
aw.iit 

t,««l.8i4 

»V.i*n 
i,«i.t6t 

&«I.WA 

t.371  Wl 

1,11 'J.OM 

tr.ifji 


ti;,ti« 


.-2rS     diMM 
t.Mi,Ni  Ktm,m 

Th«  «•!«  HarkM,.— ffold  mntinaed  steady  dnrinir  all  ili.> 
early  part  of  the  wwk  and  li>aiiiaff  rates  ware  maintained  at  hifth 
flgures,  ranging  frwjiientlr  u|>  to  i  i>.t  mnt  a  .I»t  iui  ihp  outr-iH- 
poiiit.     There  was   a   ratli'T  fanit-r  iraday   wlu' 

laeicased  to-day,  and  ilio  pri'-n  toii'  .oaed  at   1 1 ". 

J^  Pwuayiuent  wi  ite  of  tUu  >'uv-iuBtMir  <mld 

by  tb*  T^maurr.  -    to  nnwaitla   of   tJS.Wx 

!l!Ilfn*  **  """^^.^  -  ' '    r.'.'l'*"*^  '*  ♦•  !«»«««>  that  a  U  r. 
cart  of  theeoMpM  tetomt  will  ba  boo^  mpttfOm  Syndlrat.  ■  „ 
London.   Om  cm» abo  commonly  rsporledWfeW^^  •    "  • 
to  that  a  leading  operator    has  jnst    closed    oat 
and  tamed   bia  attention    from    " -rinf^t^.ins"  btjI.'     • 
JT,  ewner.  aa  ; 

the  '  "»""•  •" '  ■ 

"    » •,■'■■*>  ■'■'•'  ■111    I II II radar  thn   i.' 

**'  .i>,000.    Cuatotiis  receipla  of  tbe  w.- i    i 

The  followlBK  table  will  show  the  course  of  r«M  .nd  unera- 
tlons  of  the  Uold  Exchange  Bank  ..eh  day  g)  ibS^at  w,„T 


-C^uotatlona- 


ODon-  Low-  High-  Cloa- 
lug.  eat.  est.  ine. 
Sitorday,  Oct  l«....ii6K  11«,S  117  116»< 
Monday.  "  I8....116J4  iiB>i  ii6«  n8;i 
Tuaaday,  •'  19  ...ii«k  ii6<  116K  IWV 
Wedaaaday,  "  »  ...I16K  Iliiv  IIGK  1I6K 
TboTiday,  "  tl....ll6X  !15'i  llii><  n«2 
Friday.         '•    «  ...Ilex  UJ>i  116 \-  I15X 

Oarreot  week ll«K  II514  117     11&X  t»lO,13I,000 

PreTloae  week II6K  llifi  117      117       1M,3I3.000 

Jts.l.l87S,todate...ll«>i  lllK  IITK  IISK 


Tola)    r— -Balances. ^ 

ClcarinM.       Gold.    Ctirrency. 

|iM,-lii3.000  fl,!IIO.a09  $2,8I0,<W0 

36,1.V|,000     l,4^in..'iU     1.I18I.8SS 

8,^9,ll)0     l.OW.TTS 

1,703.  IM     >.8ft«,581 

73l..«0      I,8i7,ii89 

1.167,0«i     l,J:ii,8«i 


3i.'.>ao,oao 

S8.6 16.000 
44,186,000 
43,703.000 


$ 

1,471,906 


1,811,681 


Foreisn  KxelianKe. — During  the  early  part  of  the  week  the 
pxclian^e  market  remnine<l  unnaturally  ilepresged  as  a  result  of 
the  continued  manipulation  of  gold  and  the  high  figures  on  loans. 
The  rates  of  leading  bankers  were  reduced  at  one  time  on  Thurs- 
day  to  4761  to'  00  days  sterling  and  4.81  for  short  sight,  but  with 
the  easier  feeling  in  gold,  exchange  rebounded,  and  the  leading 
drawers  made  succesalTe  advances  in  their  asking  rates  to-day 
until  thur  reached  4.70  and  4.83^  for  long  and  short  sterling 
respectively.  These  terms  were  above  the  views  of  buyers  and  had 
the  effect  of  checking  business,  as  is  usually  the  case  on  a  sudden 
adTtnce  of  so  considerable  an  amount.  The  coarse  of  the  market 
mil  Bow  depend  almost  eutirely  on  the  question  whether  the  gold 
^.„.,.t,i.ti.>r,  for  this  time  is  really  terminated,  as  many  suppose, 
ihi-ri'  will  be  a  renewal  of  the  clique  oj>erations  next 
"  '      sing  rates  on  actual  business  were  about  4.78i  and 

Thetraaaaetlona  for  the  week  at  theCaitom  Bouse  and  Sub" 
TroMarT  have  been  as  follows: 


Osl. 


M.... 
M.... 


Coftom 
Booae 

Beceipta. 


Bacelpis 

Oold.         Oanency, 


4lDb-Tteaaary.- 


-Paymenu.- 


tai.OOO    $1,031,180  68  tl.IM.tt0  31 


417.000 
188,000 
HI.OOO 
IM.00O 

a:o,ooo 


417,011  M 

7ao.4<i  47 

316,107  17 
S77,3Mn 
883,dMll 


4m,  101  n 
tn,m  43 

i,08i,saa  ss 
aii,:»  7t 

i,7n.mis 


Gold. 

ti8&.8n  It 

bW.TJO  64 
ia4,S»  53 

1,I»,IW  4« 
IS,00tM 

l,M6.4i«  » 


Currency. 

$7(17,991  67 

1,410.341 17 

680.471  Bi 

S74,»l  M 

416,9)0  IS 

l,»a,38t  &7 


TMaL •I.«M,000      4.U7.7Wa    a,tlMOt  11     4,S»k«»  II    S,l6i,U4  30 

BateDce,  Oct.  13 ai,ni.ll«  «  Njn,9M  n 

BalaBC«.OcL  «...„...     W,oe8,on  W  St00O,ST5  01 

ll»mr»TU  city  Baaka._The  lollowtng  sUtement  ahowi 
the  condition  of  the  Assoaated  Banks  of  New  Tork  City  for  tho 
week  ending  at  the  eommencement  of  business  on  Oct.  16, 187S: 


Net 
DepoalU. 

»via,iy) 


■^ 


14:  .uo    Kmjm 


"x^assr':. 


ieb. 

iKalloaal 

rXatloDal  .. 
r«ifcCa.  Hat. 

I  Aa     ' 


i:tn;«  ^ 
ija»,cec    !.*MS 

IjMSJM      t,ll>lXl 


^mm    '•5J2J 


Total •)!.' KjmtmMKn  h,i«ao im,!!-.*)!)  najmjKO injwico 

The  dsTlaUons  from  the  iMitrM  of  the  previous  week  are  as 
follows : 

L4«M. -Oae.  lUlCIODI  aatDepoalU. 

Inaala. .Dw;      nun   Clrealatlon.. 

uSltaadera Dec.    tMlA»>\ 

The  iollowlog  are  the  toUIa  for  a  aeriea  of  weeka  paat 

L«S» 


..Dee.  tl,IS7JW 
_J>ec,         »,«U0 


Jaty  M.. 
.IgiT  »!.. 


A     .' 

h-fl.  *  . 
f'  n.  11.. 
f«.  lit. '. 

Oct.  J 

IKt.  1.. 
Oct.   14,, 


Loaoa. 

.i-i.iaijoa 
-1  Mi.m 

.'.'.WI.WI 

;:.utjuo 
J-<.««J|iO 

t  I.I.14.MI 
<7>.-l,..«lO 


Specie. 
n.SI*JOO 
ls.:t7.W 
HJM.Ma 
i>.«t.:.loo 

l>4>H.I0O 

io,iiaiail 

•418.S0 


7.'M;N0 
tAUMXt 

•,iui.Me 
•.MJDO 


Tanitflni. 

n.i'iiija) 

7S,KII  t«l 

:s>nijMi 
»jH.io 

«,M1.  M 

SAB 


•UJBMOS 
W.<IS,M) 


Clrca- 
lalloo. 
ISJIJMU) 
l^.SIR.lin 
Mj:i,*n 

1H.<  1,1.710 

li.jn,vn 

18.1X'<.«N 
I7,T^J«« 

n.ni,»()o 

|7.aM.«0 

i7,»a.wo 
:7>u,too 
i7,;u,iiw 


AiritTera'e 

Clear!  nn 

M'<,;4:,4',il 
MIJM>,4J7 
je.1.'M,7«S 
SI7,<ll.i;4 

i>e,4.^'<  .vti 

3W.«l?,Mt 

aS2,7VII,U9 
«II,IW.<III 
4II6,MM;4 

us.iM.an 

4Dl,3M.>3t 
4I3,M9,»U 


390 


THE  CHRONICLR 


[October  23,  1875. 


Boston  Banlta, — Beloir  we  give  a  statement  of  the  Bogto" 
National  Banks, as  returned  to  the  Clearing;  House  on  Mondaj, 
Oct.  18,  1875  : 

Loans. 

tl.eu.lW 

:jS5.300 

8,K7.«0C 

i,«M.oao 


Baalu  Caplua, 

auauiic. (730,000 


Specie.  L.T.  Notci.  Depoilta. 


A.tlu 

BUckstooe... 

Uuslon 

it.>ylaton 

iiroa<lir»> 

Ceatral 

CoIumblaD 

CoQtlneotal 

Kllot  

Kverett 

'    Paa-;allH*ll 

Preemaa's 

eiohe  

Utialltun 

Howard 

i4auafaoturen 

M.rRet 

Maseaobuaeita 

Maverick  

si'rnhaau' 3,(IM),0(X 

Metropo  lean — ^-. 

I4i>ani  Veruun  .. 

'few  Saelanil 

North 

Oiu  Boston 

Sbawmac  

Shoe  A  Leather... 

•  tat« 

Saff^ik    

Tradore* 

Tremont ,, , 

Waahlnitton }50,000 

First l.OOO.OOO 

3eoon'l  (Oranlte)...  l,C0O.000 
fhlrd 300,000 

Fonrih     aDO,000 

KaDK  or  Commerce.  2,UU0,00li 
Bank  or  N.America  l.OOO.UOO 
n'k  of  Redemptlou.    1,000,000 

Bankof  KepnSlic.     ' 

UommonTealtb .... 

Olty ....■,, 

SaKle  

Bzcbauiee 

Hide  A  Leather.  ... 

Severe 

Becarlty 200,000 

Ifnlon 1,000.000 

Webster 1,500,000 


1,500,000 
2,000,000 
1.000.000 

700,000 

200,000 

500,000 
t.OOOJWV 
1,000,000 
1,000,000 

400,000 
1,000,000 

BOO.OOO 
1.000,000 

750,000 
1,000.000 

500.000 

300,ooe 
soo.ooo 

400.000 

.ooo.ooc 

9(V,O0O 
200,000 
1,000,000 
1,000,000 
100,000 
1,000.000 
1,000.000 
i, 000,000 

t.too.uoo 

<00,000 
2,000.000 


1,500,000 
500,000 
1,000,000 
!,OOO.OilO 
1.000,000 
1,500,000 
2,000,000 


4W.300 
1,134,700 
^,»1IIJIOO 
2.SS9J(0 
2  ITiJOOa 
1,125,-00 
J.4SI  Ao 
;, 730.01X1 
2,3l>3.tlU 
•..(147,900 
S.i«3.7U0 
I  2l7,40l' 
1.69^300 
2.173,600 
1.7»4A»I 
3,883  .SCO 
735,800 
347.400 
ifiit.VX) 
3.345.400 

a.iH.ouo 

i«54,lU0 
3,<I04.200 
3,T2i,800 
3,616.900 

i.8:;;.9oo 

3,3i);.200 
1,7  .■8,100 
4,191.10(1 
4,360.601' 
1.187.000 

3SeMi 
5,605,900 
2.13(1.100 
5,660,*  'J 
3.083.800 
4.327.800 
1.902,200 
2,(27.600 
5,240,100 
3,608,900 
5,499.S0O 

Il5:i.500 
2.345.2C0 
2.711,(X)0 


*S,000 

300 

4,3<K) 

2.900 

U,40U 


4,000 

10,6(36 

1,800 

2.66d 
s'.ioo 

500 

•.0,566 

'28,000 

500 

56,000 


1,90C 

4,M 
31.900 
12,200 
11,500 

6,900 
10,.100 
12,500 
19J00 

3,500 
15.900 
•i9,8C0 
19,700 

■iMI 
5,819 
;i,S0O 

»,66ii 

7J00 

;.s-jo 
80,700 
5,700 
2,900 

WJO 
6,600 


163,600 
117,200 
858>0 
107,100 
3I,0U0 
28.600 

is.aoo 

118.000 

t.7J0O 

99.100 

65.600 

122.900 

73,900 

214,800 

7.1,100 

149,100 

U«,60(> 

74.200 

265.900 

180,100 

664,  njc 

57,500 

68,8C0 

115,600 

340,600 

359,700 

131,900 

307,900 

79.500 

242.700 

125.800 

293,200 

96,700 

469.2W) 

445,300 

80.700 

g;000 

474,900 

208.600 

586,700 

168,300 

406,000 

9!, 900 

iss.aiii 

603,100 
236,900 
343.8C0 
180.400 
•2<0.400 
143.600 


$577,100 

1.126,400 

2,;21.9tO 

7ti4,l«0 

696.400 

316,500 

471.700 

1,045,800 

828,300 

8>5,tUO 

VUOflOO 

1,125.700 

S8;,60a 

928,700 

782,700 

:S».90() 

712,30!/ 

677,900 

1,432,300 

1,117,-200 

4,092,300 

416,400 

880,200 

822,9(10 

1.716.700 

1.189,300 

l,i79,'20O 

1,585,100 

1,060,201' 

1,163.700 

741 .Juo 

314*00 

63.'>,500 

1,110.600 

1,474,900 

946,000 

114-4C0 

2,195  Joo 

616.900 

l.Q12,5co 

829  Joo 

3,220,300 

587.-i0O 

7(i3.4ou 

2,301.800 

912,600 

2,629.500 

W4.;00 

1.575,600 

1,241,600 


Clrcul, 

»<57.)U0 
7('7,lilO 
811,900 
5;9,(W 
460.6UJ 
114.200 
233,400 
70i,»,'O 
556,900 
725,800 
206.100 
540,000 
347.300 
815,600 
223,0011 
1S1.7(»1 

:4:,(oc 
jis.iw 

358.3*) 

333.B(.0 

:, 787.300 

176.650 
170.300 
662.0,10 
290,-200 
452,600 
750,200 
913,000 
121,500 
13ii,5ij9 
6;6,2* 
581.700 
Ml'.Olio 
436.1'OU 
:54,Soi, 
43,(00 
494.9C4J 
563,800 
646.6u(i 
979,3-j{i 
300,000 
399.4(!0 
326.9(>. 
721.600 
9«1.5(1C 
996.700 
180,000 
528,100 
374,000 


Total $50,850,000    tl36.5^0.400     $391,700     19,936.900    1(5^.919.41,0  »25.S0Cli00 

The  total  amount  "doe  loothertianks."  as  perstatemen  tor  Oct.  13,  1b  $25,823,800. 
The  deviations  from  last  week's  returns  are  as  toliows: 

i--'"" Increase.     722,200  i  Deposits laerease.      fiSS,*., 

Olrcnlatlon Increase.      I6I.300 


Spacle D^creae- 

L<^sal  -fenders Decrease 


8,000 

:i,300l 


Thefollowing:  are  the  totals  for  a  series  of  weeks  past: 


Date.  Loans. 

Sept.  27 131,701,600 

Oot   4 r«,l51iifl 

Oct.  11 13i,55-i,^200 

Oct.  18 136,'2li0,l30 


Specie,    LesaiTeuders. 
383.200  9.897.SO0 

311,100  li',235.100 

3-'6,700  9,975,200 

394,700  9,956,900 


Deposits.  Circulation- 

52,378,100  24,997,TlO 

54,  2S.60U  J5,218.9n'J 

55.(160,500  25.139,800 

53,919,400  2^,300,600 


Western 

Uannracturers* 

Bank  ol  Commerce 

C^irard 

rradesmen*s 

Oonsoildatlon 


400,000 
1,000,000 

250,000 
1,000,000 

200,00(1 

300,000 


ijoaas. 
$3,<S10,000 
4.IJ6i>.000 
6,107.900 
J.6-J4.000 
2.165.ITO 

s.o-co.ooo 

1,521,059 

1,(11.781 

1,332,332 

2,152,'>r2 

2.660,000 

7i6,l>51 

4,153.000 

1.644 .0(iO 

1.197.769 

1.522,« 

843,000 

2.023,000 

i. 542.000 

4,4  O.OOl. 

973,16(1 

539.000 

CTSJOO 

1.092,000 

4,'26O.0O0 

2,110,000 

730,000 


Total  nel 
L,  Tender.  Deposlts.Ciiculat'n. 
$1,480,000       $4,^5,000     tUOOO.COO 


Plilladelptala  Banka. — TM  (ollowiug  is  tue  average  con. 
ditioQ  of  the  Philadelphia  Natioaal  Banks  for  the  week  preced 
ing  Monday,  Oct.  18,  1875  : 

Banxs.  Cikixial.      tioaus.     Spr^cle. 

PaUadolphla $1,500,000     $5,610,000     $28,000 

NorthAmerlca 1,000,000       4.lj6i>.000 

Parmersand  Mech.  2,000,000      6,107.900      44,910 

Oommerclal jlO,000      J.6-J4.000        5.0(0 

UechanlRS'  300,000       2.165.ITO  453 

B»nk  N.  Liberties.       500,000       

Soathwark 250,000 

Ksnslnzton 250,000 

Penn 500,000 


1,000 
7,953 

'831 
19,000 
«,000 


6,000 


2,000 


1. 412,(00 

3,772.000 

798.000 

l.,«03,300 

5.T22,000 

I.OOO.IKX) 

514,000 

1,761,000 

614,100 

261,330 

1,288,000 

477,000 

622,000 

2,142,00)1 

486,000 

643,457 

1,608.587 

;  98.837 

188,01X1 

693,2'S 

223.333 

216,(10J 

886.2,50 

216.3t0 

'157,904 

2,333,020 

213.285 

326,000 

1.1-14.(I0() 

i42.00ll 

2-28,921 

613  J&3 

211,645 

1,008,000 

3.3-20,000 

.591.000 

495,000 

■.,K95,000 

180.10! 

181,228 

7Si,S70 

210,000 

■283,454 

963,160 

359,2&J 

135/iCO 

574,000 

2 '.3,01 10 

728,000 

2,146,000 

«l.l5i.' 

363,000 

1.470,000 

2S2.0WI 

991.000 

3.689.0(0 

793.0«j 

289,000 

882,310 

'261,1611 

114,000 

438,000 

135,000 

68J)00 

431.000 

219,.350 

•265J)00 

911.000 

242,000 

916.000 

3.6->6,0(i0 

500,1100 

3t5,000 

880,000 

79S,00? 

151,000 

521,000 

180,000 

City 100,000 

Commonwealth....  100,000 

Corn  Bxchange....  500,000 

Clnton 500,000 

First 1,000,000 

Third 300,000 

Sixth 150,000 

SerentQ 250,000 

BlKhth 275.000 

Central 750,000 

Bankof  Bepnbllc.  I,ii00,l'<xi 

Bacnrlty 250,010 

rotal $16,438,000  $62  219,1'20    $126,389     $14,403,397     $49,530,863    $1!7!73,258 

Tne  deviations  from  the  returnBOt  previous  week  are  as  followii: 

Loans Inc.      »94,09l  1  Deposits..  Der.     1142,299 

Specie Inc.        7.37J  I  Cironlatlon  Inc.  3,492 

bwai  Tender  Notns Dec.     599,098! 

The  followiug  are  tlie  totals  for  a  series  of  weeks  past : 
Date.  Loanfk.  Soecle.    LejralTenrter.      Oenoolts.  Circulation 

8ept.27 62,130,553  149.910  14,020,S19  49,'231,071  11,122,4^8 

Oci.  i 61,411.578  1411,749  14,87-1.329  5".576,441  11,0»7,055 

Oct.  II.  ...       ..      6'2,l25,0-2.?  119,011  15,0n2,«95  49,723,169  11,169  766 

Oct.  18 62.219,1'20  126,339  14,403,597  49,580,863  11,173  238 


([(JUTATIUXS  1.^   BIISTII^.  PiHUUELPIIIA    AND  OTHER    CITIES. 


SECTBtTIllB. 

Bid, 

ASk. 

SHOtJBITIIB. 

Bid. 

136V 
60* 
109K 
157« 
38 

8X 

Ask 

BOSTON. 

Vermont  &  MasB.,l8tM.  6, '83. 

STOCKS. 

Boston  *  Albany  stock 

Boston  *  Lowell  stock 

Boston  A  Maine 

Se«  HaiupHhlre,63 

Vermont  6s 

- 

60!, 
IIOX 

i6l' 

li:" 

;::: 

69' 
68 

37    1 
96 
112 

;:?>*; 

do            58,  Gold 

Boston  A  Providence    

Bnrllngton  A  Mo.  In  Nebraska 

Cb^snlre  preferred 

ClilcaiccBur.  &  Quincy 

CIn.,  Sandusky  A  Clev. stock. 

do     Ss.ifold 

Chicago  Se'weraKe  7s 

do       Municipal  7s 

lOSJk 

35" 
95 

;66:s 

65' 

..I.X 

Portland  6b 

Atch.  &  Topekalst  m.7» 

do               landfft.  7s 

Connecticut  Hiver 

Connecticut  A  Passumpsic,  pf. 

80* 

183 
45 
17 

do                land  Inc.  128.. 

Boston  *  Alliauy  78 

Boston  ft  Maine  7s , 

Bnrllngton  i,  Mo.  Neb.  8b,  l<i94 

do              do    Neb.  8s,  1883. 

Eastern  Mass..  7b..  

Kastern  ( New  Hampshire) .... 

127  si 
132 

80 

ManrbeaterA  Lawrence 

Nashua  A  Lowell 

Northeni  01  New  Hampshire. . 
Norwich  A  Worcester 

181 

75' 
126 

'JO 

70 
106X 

26-- 
•6 

87 

Ind- (:in.&  La(.7B, '.869 

do         equipment  10«. 

do         fonded  debt  7b 

UtdensbarK  A  Lake  Gh.  88 

Old  Col,*  Newport  Eds,  7,  T7, 
tlatland,  new  78 

Ofrr(*>ns.  A  (..Cbamplaln 

do                 do       pre'. 

OldColony 

Port. ,  Saco  A  Portsmouth .... 

Batland  common 

do     preferred 

30 

do     Jd  Mort-,7,1891 

Vermont*  Can.,  new.  8s 

Vermont  A  Uassaohnaetti 

Worcester  A  Naahna 

99 

BaSTO'N,    FHIIiADBIiPHI;!.  Bte.-Contlnned. 


•■otJsiTUa. 


Bid.  Ask 


iie)i 


27K 

53 
9X 

50K 

18V 

55X 
131 

SB 
132H 

55 


PHILADELPHIA. 

■TATS  AMD  OITT  BOHSB. 

PeBDSylvanla58,  coup 

do  do    ret2 

do  61,10-15,  2d 

do          do      M-29. 8<1.. 
Philadelphia  6s,  old 

do  6b,  new 

Alleshany  Conntv  Sa,  coup... 

PUUburK4B 

do       51 

do       7b . 

New  Jersey  State  6b,  Exempts 

Camden  County  68 

(.'amden  City  78 ■... 

Delaw  are  Ss 

HarrlBburg  City  6b 

BAILBOAD  BTO<nES. 

Camden  A  Atlantic 

do  do      pref 

Catawlssa 

do        pref 

do        new  pref 

Blmlra  A  WUUamsport 

Blxolra  A  WUUamsport  pref. 

But  PennsylTanla 

Uimttngdon  A  Broad  Top  ., 
do  do    pref. 

LehlKh  Valley 

Little  BchuylklU , 

MInehill 

Nesqnehontng  Valley 

Norristown 

Northern  Central 

North  Pt-nnsylvanla 

Oil  Creek  A  Allegheny  River. 

Penisyivania 

Pullsitelphla  A  Erie 

Pnila.lelpbla  A  Iteadlng 

Philadelphia  A  Trenton 

Pblla,.  wumlnK.  A  Baltimore, 

United  N.  ,7,  Companies 

West  Cht-ster  consoi.  pref 

WeBtJersev 


OANAL  BTOOE8. 

LebUb  Navigation 

Morris 

do  pref  

Betaylklll  Navigation 

do  pref. 

BAILBOAP  BONDS. 

Allegheny  Val.  7  3-lOs.  1896  , 

do        Is  K.  Ext,.1910 

do      Inc,  7send,'94 

Belvldere  Dnlaware.lstm,6,'17 

.1.1  do       2d  M.6s,'rW 

do  do      3d  M.es,'87 

Camden  A  Amboy,68,  *((3 

io  do       Ss.TO 

do  do  mort.  6s,  '89. 

Cam.  A  Atlan.  1st  m,  7a,  k.  1908 
do  2d  do  78, 188(1.  . 

Cam.  A  Burlington  Co.  6s,  '97. 

Catawlssa,  new  7s,  1900 

Cayuga  Lake  ist  m.  is.  !>■,  1901 

Connectlni:  68  1900-1901 

Chartiers  18.1901 

Dan.,  11,  A  Wilkes,  Ist  m^Te.t? 

Delaware  mort.  6b,  various 

Kaat  Penn.  let  mort. 78, '88... 
Bl.A  W'msport,  iBt  m,  7b. '80. 
do  do   Ss.pcrp 

Barrisburg  Ist  mort. Bs, '83 

H.A  n.T.  Ist  mort.  7s, '90 

do       2d  mort.  7s,  '75 

do       3dm.  cons.  78, '95. 

Ithaca  A  Athens  g.  7s. '90 

Junction  1st  mort.  68,  '83 

do       2d        do  1900(98) 

lirfhigh  Valley,  6s, 1898 

do        do  do      reg,  1898 

do        do         do        7s,  1910 

do       do  do  reg  19. 8 

LltOe8chuylkn\.l8tM..7, 1877. 

Northern  Central.  2'lra..68,'85 

Northern  Pncillc  7  3-lOs.  1900. . 

North  Penn,  1st  m,  6s, '85 llOIK 

do  2dm.  78, '96 |108M 

do  chattel  M.  lOs 105 

00  gen.  M.  78,  1903..  104 

Oil  Creek  A  Ale.  It.  c<  n.  78,'88    ^ 

OilCreekl8tm.78,'82 75 

PennAN.y.C.AP.  I{l8.'96-1906.  llT 
Pennsylvania,  1st  M.,«,li'S0...|104 
10O>( 


107 
ItSJ^ 

loeji 


•.oj 


182X 


SBOtlBlTIBa. 


SOX 


92 

83 

.■iO 
1(0 

95 

89 

lOCH 
100 
ll'SX 
108 

mii 

90 
104 
78 

a 

26' 
100 

lOO 
103 

60 

02 

04 
iOl 

51 
101 

95 

95 
106 
105 
109 

99« 

00 


30X 


92X 

84 

52 


93 

.02  I 
lOlK 
107 


BALTIinORR. 

Maryland  6a,  delence,  J,  A  J. 

do        6b.  exempt.  1887... 

do       6»,  1890.  quarterly.. 

do        5s,  quarterly.- 

Baltimore  6b,  1884, 


do 
do 
do 
do 
do 
do 
do 


M. 


101 


109)4 
99k 


Ken,  m.  1910,  coup  lOOj 
gen.  m.,  reg.,  1910101 
IsC  m.68,'9T. '  ■-" 


<lo 
do 

Perklomen  1 

Phlla.  A  Brie  1st  m.68,'81 
do  2d  m.  7e.'88. 

Philadelphia  A  Keadlnir  68 

do  do       7s,  '93 

do  deb. bonds, '93 

do  g.m.78,c.  1911 

do  do    reg, 1911 

do         new  conv.  78, 1898 
do  Coal  A  l,Co  m.,78.'92-'3 

PltU.,  cm.  A  St.  LonlB  78,  '90. 

Sbamokin  V.  A  Pnttsv.  7s,19e'. 

.'^tcubenville  &  Indiana  7s. '84 

Stony  O-i-eK.  Ist  m..  79,  1907.,, 

Sunbury  A  Erie  Ist  m.7s,'17.. 

Simbury  A  Lewieton  7s.  1890., 

Union  *  TltusvUle 

United  N.  J.  ens.  m.  68,  94.. 

Warren  A  F.  Istm-  (s,'96  ,  ... 

Westchester  codb.Ts, '91.  ... 

West  Jersey  1st  m.  68,  '96 

do  do    78, '.397..., 

Western  Penn.  RK.6s.  1893.,.. 
do        do     68Pb'96 

Wllmlng.AKead.,lstM.,7,19O0 
do  do   2d  Mort,  1902 

OAKAL  BONDS 

Delaware  Division  6b,  "73 

Lehigh  Navigation  6b.  '81 

do  Rn,'97... 

do  Ti 

do  conv.,  '82 

do  conv.,  g,'94. 

do  gold,  '97 

Morrle,»stM.,6,1876 

do      2dM„  1876 

do      boat,  '85 

Pennsylvania  6b,  1910 

Sobnylktil  Nav.  1st  m .  68,  '97. . 
do  2d  m.,  6a,  1907 
do  m.  6b,  c.  '95.. 
do  6b,  imp., '80. 
do  68,  boat  A  car, 1913 
do  7b,  boat  A  car,1815 

do         scrip 

>  uaqoehanna  6b.  1894 


97 

96K 
102 
I05 

79 

106X 


74k 


95 

100  Jk 
1(12 

9« 
101 
105 
103)4 
100 
110 
100 

69 

94V 

60 

92X 

80 

94 

96H 

K 


'Si^ 


109 
104)4 


lOlX 


lOSX 


99X 
163k 


93 
101 X 


68,1886, 

6s  1390, 

6s,Fark  'l89(<,  Q-^ 

68,lk98,M.  A  S....* 

6s,  exempt, '9S,M.A  S 

6b,  1900,  J.  <a  J 

«s,  !90'2,     do    ..  .. 

Norfolk  Watrr.Bs 

BAII.ROAn  STOCKS.     Par. 

Bait.  A  Ohlo-8t.  ck lOOx 

do        Wash.  Branch..  100 
do      Parkersbnrg  Br.  50 

Northern  Central SO 

Western  Maryland 50 

Central  (  bio 50 

PlttsburKh  A  Connellavllle.  60 

BAILBOAD  BOND". 
Bait. A  Ohio  6s,  !K80,  J.  A  J... 
do  6s.  1885.  A.  A  O... 

N.W.Va..8d  M.rgnar)'-<5.  J.AJ, 
PIttsb.  *  ConoeflST.  •!8,'98,  do 
Northern  Central  68, 1885,  do 
do  68,1900,A.4O. 

do  6s, gold, 190(1.  J  AJ. 
Cen.  Ohio  6«,  lit  M..'890.M.A8. 
W.  Md.  6s,  Ist  M.,(gr)'90,J.»J. 
do  Ist  M.,  1^90.  J.  A  J., 

do  2d  M.,  (gu"r.)  J.AJ. 

do  2d  M..  (pref.) 

do  2 '  M.(gr.by  W.'  o.)J.AJ. 
do     68.  3a  M  ,  (gnar.)  J.A  J . 
Mar.  A  Cin.  7b,  K.  <«  A.,  '.892.. 

do  2d.M.A  N 

do        8s,  3d,  J.  A  J 

Union  PR.,  1st  guar..  J  A  J. 
do        Canton  endorsed. 

KISOXLLAKBOCS. 

Baltimore  Gas,  certificate". . . 

People's  Gan 

U'ytKHlNCTOV. 

District  of  Columbia. 
Perm.  Imp., 6s,  g,  J,«J,  ;891. 

do         Is,  1S9! 

Market  Stock  bonds,  78. 1S92. 
Water  Stock  bonds  78, 1901 . . , 

78   1903 
B^ind.  Loan  (Cong  )  3.55b.  I9'i4 
Wdslington. 

B  year  Cers.,  7  3-10,  1875  

Ten  year  Bonds,  68, 1818 

ffnnd.I.oan  (Hong)  6  g,  1898. 
Fund.  Loan  (Leir).(8.g,  1902. 
CeiQ.of  Sioc'k  ;l?'26).58,  atpleai' 
(I813)6>,atpleaf 
Ches.  A  O.  Ht'k  ('47)  6s.  at  pleas. 
Oeorgetown. 

General  btock,  8a,  1881 

do  68,  at  pleasure 

Bounty  stock,  6s,         do 
Market  stock,  6e,  di 

Board  of  Public  Works— 

Cers.  Gen.  Imp.  88, 1874 

c'o  1875 

do  1876 

do  1977    ... 

do  1878 

do  Series, 

Certlllcates,  Sewer.  8s,  1871-77. 
Water  Certificates, Hs,  1?17... 
CINCINNA-ri. 

Cincinnati  5s 

do  69 

do         7s 

do         7-SOb i 

Cincinnati  Soutta'n  RR.  7.SOs  ■ 
Ham. Co, .Ohio 6  p. c: one  bd8. 
do         do     7  p.c.,1  toSyrs, 
do         do     iKbds,  7  A'T.SO) 
Cin.  A  Cov.Briaiee  B'ock,  pref 
do         bonds,  long. 
Ctn.,HaDi.  Al).,letM.,-l,  80.., 
do  do       2d  M.,  7, '85... 

do  do      3d  M.,  8,77... 

Cin..  Ham. A  Ind. 78  gnar  ..  .. 

Ctn.  A  ludlaua,  let  M.,7 

do  do     2d  M,, 7, 1877.. 

Colnm.,  A  Xenia,  ist  M.,7,  '90. 
Dayton  A  Mich.,  1st  M.,7  81.. 
do  do        2d  M.,7, '84.. 

do  do        3d  My  7, '88.. 

doTo'dodep.bd8,7,'RI-'94 
Dayton  A  West.,  ist  M..  I881. . 
Jo  do       IstM,,  19(!5., 

do  do      Ist  M.,  6, 1905, 

Ind.,  Cin.  A  Laf.,  Ist  M  .,7 

do  (I.AC.)  IstM., 7,1886 

Little  Miami,  6, 1883 

Cin,  Ham.  A  Dayton  stock. 
Columbus  A  Xenia  stock  .. 
Dayton  A  Michigan  stock  . 

do  8  p.  c.st'kguar 

Little  Miami  stock 

L,Oi;iNVIl,£.E. 

Louisville  68, '82  to '87 

do         68,'97to'98 

do         Watei  68,  '87  to  '89. . 
do         Water  Stock  68, '97, 

Jo         Wharf  68 

do        special  tax  68  of '89. 
Jeir.,  Mad.  A  I,l8tM.(lAM)7,  '81 

do  do    2d  M.,7, 

do  do    ist  M.,'7,1906.... 

Loulsv.C.  ALex.,l8tlI.,7,  '97.. 

I  onls.  A  Kr'k.,  Ist  M.  .6,  '70- '78. 

do       Lonlsv.Loan.c.'8' 

L.  «  Nash.  Ist  M.(m.8,)  7. '77. 

do    Lon.  I,oan  tm.s.)6, 'W-v^l 

do       (Leh.Br.)6.'86 

IstM.  (Mem.  Br)7,'70-'75. 

lstM.(Leb.br.ei)7.  '80- '85 

Lon.  L'n(Leb.br.ex)6.  '9,s 

uu    Consol. Ist  M.,7, 1898..., 

Jefferson..  Mad.  A  Ind 

Lonisv.,  Cin.  A  Lex., pref 

do            do         common 
Loulavlllo  A  Nash  vtlle 

ST.  I.OUIS. 

St  Loniii  6s,LongKondB 

lo       'Vaterf.;  i;oii1 " 

do  do       do(new>x« 

do  Bridge  Approach  g,6s' 

do  Keiu'wal  gold  6s • 

do  Sewer  B  fis  rduc'9I-2-3)' 
St.  LonisCo.new  Park  g.  6s..* 

do         c'y,  78 • 

At.A  Pacific  gnar.Iand  gfanta 
Jo      '2a  M.  (funded).... 


ilOk 

no 

104H 

165" 

106 

l(«)i 

lOS 

108 

108 

ICS 


T2X 
115 

7 

27 
5S 

4m 

7X 

104 
104 
100 

9«X 
100 

94 

9ex 

98* 

irsv. 

86 
U3K 

95 
lOSH 

%^ 

l^ 
92 

I04y. 
26  Si 


97K 

96 

96 

96 

66X 

102 
92 


do 
do 
do 
do 
do 


i)5 

'80 

'92 

103 
106 
102 

•9-2 
IIV 
102 
115 

90 
1C2 

94 
ICO 

81 

90 

70 
100 
101 

91 

81 

98 
•100 

85 

75 

68 

88 

93 

4'< 

96 

40 
108 


110 
125 

10 

28 
6H 

42 


va. 

97 

97 
99 

106 

90 
106 

91 
100 
106 
107 

99X 

79 


*  And  Interest, 


">h 


99y 
V-y_ 

\K 
105 
105 


65 
99 

.-a 

•4 

105 
107 

OS 

94 
101 
105 
120 

95 
104 

95 
1112 

«x 

91 

75 
113 
108 

98 

90 
100 

je"" 

60 
V 
94 
90 
60 
98 
42 
104 
94 

90 

89X 

90 

90 

90 

90 

■jo" 

88 

15 

86 

90 

9« 

89 

90 

99 

89 

8S)4 

S3H 


10ll>» 
IMV 


1(13 
104H 

8U 

90 


October  23,  1875.] 


THE   CHRONICLE. 


3r3 


GENERAL  QUOTATIONS  OP  STOCKS  AND  BONDS  IN  NEW  YORK. 
U  S.  Btnir  ant  -'*'—  ItwOreail  BtoeJU  ar*  fuaUd  <m  a  pr»wou»  pagt.    Priest  r«pr*tent  ths  par  Mnt  walut,  whatever  tht  par  fnagM 


•WM  ■•■*■■ 


to     tkA]k*CkM.K.. 
te      is otUM. 


_  T1.L.R.*  r».R.t". 
Ao  7t.  liemehta  *  L.  R. 
do  XL.II-.T.B.JHJO 
do  ».lllM.O.*!tBlT 
do       XArk.  Cent.  B.  ... 

CamonlB'k. .-••  

~Llart«bond« 


UKnr«m«s. 


Hd. 


Hallr«a4  B*a<>« 

iMaet  MmrltnmM  iVMJ 
Albaai  *  SMq..  M  kondd... 
do  do      M     do    ... 

do  do      M     do    ... 

BoMOB.  Baitt.  •  Krla.  Mt  mort 
do  do  (lur.... 

Bar..  C.  B«pld«  *  Mlno.  Ut  7i,  ( 
CbewDMlM  *  Ohio  <•.  IM  a.. . 
3o  do       ezeoap 

Chle«o  *  AMM  ttakla*  »■•■ 
do  do    Mnon 

do  do    t&eome.... 

JoUet  *  Cbleaso,  in  moct. . 
LaaUluuAllo.,  utm..KOi- 
8L  Loolk  Jack.  A  Cklc,  IM  ■ 
Chic,  Bw.  4k  Q. «  p.  e.  M  a. . . 
do  M   oooioL  ».  * 

Ckle«o.Kk.UaBd*  TmiUe. 

do      s.r.iM.d^'w 
Oatotl  01  K.  J..  l«  B..  M* 


ms 


my 


uouunu. 


Ill   I 


11* 


10»" 


>j*)(|>ux 


ToUA  WdlMwb.in  m.ritend 

<o  do       lUm.StJ,.dlT 

do  do       3dmort 

ilo  do       •qnlpmt  bda 

I  do  do       ooa.  eooTort. 

Baoaftdl  *  K*pl««,in  mort.. . 

OrMtW«lera.lst  iDort.,lM. 
I       da  M  mott.,  UH.. 

1 0ntoe*  *  Tolado.  Ut  mort.  ISiO 

nilnouABo.  lows,  Itt  mort... 

I.a(aTMU,  BI"n  *  MlM.,  Ut  m. 

Man.*  Ceatnl MlMoarl. Ut  m. 

I'*>klB4Jncolii  *  Decmtur,  Itt  m 

Cln.,IjfeTMt«  *  Chic,  Ut  m. 

Drl.ABodrooCuwl.  utm..'m 
do 
do 


Bid. 


do 
do 


I  Long  UUnd  KK..  Ut  mort. . . 

:         Side,!    "  

WeuoB  Va 


L.  I„  Ut  m.  bood*. 
.  olon  Tel.,  Ul  m.  7>. 

CTTUIS. 

AllMiiT.K.  T..t*. 

BoSmloWMrr  

oo     Perk 

Oileeaele.laa«  dM« 

do      ».ie»en«« 

**'*\i     do      1»,w»»«r 

do     H.  rlT«r  Unpro' 
do      1*.  rerloae  .  . 
-    **. 


IMM 
10(!( 


i« 

101 

« 

■MH 


114 
HI 
HUM 


n 


UOCUTIB*. 


Bid. 


AUuta,04.,7t 

do        H.. ......... 

AocoMo. Ge., 7e.  bond*.. 


K.  T.  *  Oew.  Mid.  Ut  7e,  gold 

do  do        3d  78,  conv 

Nottl .  Pee.  ut  m.  gold  .  S-lOe. 
Ome^  e  *  Soothwutem  RK. « 

Oeirairo*  Rome"!. guar 

PaorU,  Pekln  A  J.  ut  mort. ... 
PeortB  *  Rock  1. 7«,  gold. ... 
Port  Baron  *  L.  M.  7e. gld,  end 
Pnllmen  Pelice  Car  Co.  (tock. 
do  Ml,  8a,  4th  aerlea 
RockTd, R.1. 4  St.  L.  ut  7i,gld 
~  wego  7b.  gold. . . 

;t  «  raciBc  o. 

Sontbem  lilnn.  eonatrtic.  8e. . . 

do  7» •    . 

St.  Jo.  *  C.  HI.  Ut  mort.  lOa.. . 

do         do  ,^  Sp.e. 

Bt.  Jo.  *  Don.  C.  ta,  gjd,  W .  D. 

do  do    Be:  (!<'•  *i?- 

BonilmkT.  Mane.  *  Icewark  7a. 

inZoK  Vendallo  »  T.  H.  Ut. 

do  do  >d,  giur. 

St.  L.  *  ao'eestem  Ut  .a,  gold. 

St.  L.  *  I.  Mt. '  Ark.  Br.)  Ja^g 

lonthem  Central  of  N .  i .  la. 

LTnlon  *  Lqnnaport  7a. . . . . . 

Ualon  PeelOc.  So.  brancli,  6e.  g 

Welktll  Vellej  lit  7a,  gold 

West  Wiecoutn  7a,  gold 

WlaeonelnVelleTai 

Soatkern  Saearltles, 

ll>_Mu>   •**"••      1    -, 

BoSiOimllno  dov  couoL  •• 
T«itisMalaee,lsn 

do      «B,Mit-a. 

do       1*,foM 

do      ia*.o(MM 

do      ""       


^i-  Cm*.  T.  L.  bd.. 

tool»blfcl.C,ta.;^... 

OoianbM.ad.,7*.  bond! 

le 

—Taeon  Ta.ltoBda 

MampUsold  boode,«a 

iiewboads.4e 

•Bd..  M.  *  C.  RR.  ... 

llabdoae.(coape.oB) 

do     t>.(eoapa.  on) 

MDorr  Sa 

lie  i^  old 

da,  new 

■Hie 

eonsol.  *a 

bonds,  7a 

gold  7s,  qaartarly 

CO  i«nrMds,'is! 


K.C.,ts,gald.. 
■e  do     ■s.goM... 

BAILOOASO. 

*  OaU.  IM  a.  a.,  end.. . 

, XTS£.B.Is(mort.1S.. 

do        Sa         MmorUlS... 
AlMoile  *  0«l(,  eoMOI. . 
i~  ■  do       ■  " 

do 


15 
U 

to 

70 
«S 

a) 
n 

•9 
• 
40 
95 
IS 
71 
80 

w 

« 

7» 

so' 

7S 

'ii' 
ii' 


5" 
1^ 

M 

m 

75 

m" 

m 


ead.BoTsa'k. 


oo  w    mmivm  . ...... 

do  do      do    fMr.. 

CaoWsC«»trsllsta.»7r. 
Oartnl  OoorgU  eoasol.  a.  7i 

do  stock 

h^kWlOtU  Col.  *  A.  ut  M.  IS., 

do      stock.... 

«  SOTSiuak  da,  SB 

_*Cbsr.  1st  m.is  .. 

m  Iivlli«ton7i 

T«bL*  OeorgUa.  ... 
■a  Tan.  *  Vs.  a,  end.  Tsa 
TsuTvs.  *  «»•.  ist  B.1S.. 

do  do        slock 

Ofsto  BB.7Sj^^ 

OrssartUo  *  Sm%  (W . !  T. 

■^    do  do  1s,oatif... 

COB  *  ni  isso lak  sad.  7S. . 

MsooB  *  ABfBSUbeads. . 

do  do      • 


St     ' 

111 


-_,       ,^,M«««IH«acka 

gMMOk.        - 

A'—iwsa  ■■ 
tMneoaamos  i.osinf  mt. 
MaflpOBBUAM.  Co^aaet^fsid 

C—»sslMdC«1 


AUUIsBodklatm. 
CsatfaiMa.Ts.. 


4k  TsBB.  1st  a.  7s. 

do    eoBsol.ta. 

*  Wat  P.  1st  a. 

do  la 

BatBBlB  la  a,  g 

llobl]«*OMosl«tia« ^ 

do  do      dp    skoerttf 

do         do  tsriMorsst 

do         do  Maert,a.... 
do         do  ttftrk        ..... 
R.  OrlsBBs  *  Jacks.  1st  a~. . . 
do                   do   eerttrsa.. 
X.  unasBS  A  Opelona.  let  m.  a 
IfaabTllleA  CbattsBoon  a. , , 
Xorf  oUt  *  Psteraborg  Ut  a.  la 
do  7a 
do        M  B.  a 
■.cut a.  a.. 
do                   Mb.  to... 
Oraias  *  Alszsadrts.  lets,  a., 
do               4o          Ma,  a., 
do              do          *ds.  a. 
do               do         4ths,a.. 
iam.7s 

'oto.a... 

do  eoav.Ts 

BMh.*DaaT.  MeoaaoLto.. 
■oBlhvestRB.  Oa.Utn. 
B.  CaroUaa  BR.  1st  m.  7a,  new 

do  a 

do 

do 
West  Alabaaa  a^gsv.. . 

FAST  DVB  oovpova 
Twiuaai 

VbclaaooBMs 

do      eoBsol.  eoBp.... 
Maaplila  Cllr  coupoBs.. 


B^J«s£SffW 


100 
81 

41 


a 

M 


I 

8 

n 

S 

m 

8 

40 

! 

8 
8 

m 

i 


i 

n 

Ii' 


I 


sn 


TEE  GHIIONICLE 


[October  &,  H75 


NEW  YORK  LOCAL  SKOCRITrES. 


Bank  Stock  LUt. 


OoapAxns. 

Marked  thiit  (•)  are 
>nal. 


sotNatlona 


Par  Amoant.  Periods.    ITO     1874 


America* 

American  Kxchange. 

Rowery 

Broadway 

Bull's  Mead' 

Butchers  &  DroTers . 

Central 

Otaatham 

Chemical 

Citizens' 

City.. 

commerce ,  ... 

Continental 

Corn  Ezohanire* 

Currency 

Dry  Goods* 

Bast  River  ...  

Eleventh  Ward* 

Firth 

First 

Fonrth  

Falton 

Gallatin 

German  American*.. 
German  Exchange*... 

Bermania*  

Greenwich* 

Grand  Central* 

Grocers* 

Hanover 

Harlem* 

Importers'  &  Traders'. 

IrylnjT 

Island  Cltjr 

Leather  >ianulactr6... 

Loaners'* 

Manufctrcrs'A  Build.* 

Manhattan* 

Manot.  &  Merchants*. 

Marine 

Market 

Mechanics  I 

Mech.  Bkg  Asso'tlon.. 
Mechanics  &  Traders.. 

Mercantile 

nerchants 

Merchants'  Ex 

Metropolis* 

Metropolitan 

Murray  Hill* 

Hassan* 

NewTork 

New  York  County.... 
N  T.Nat. Exchange. 
NT.  Gold  Exchange 

Jsinth 

North  America* '. 

Kor«6  Biver* 

Orieftal* 

Paciic* 

Park 

Peoples* 

PhenlT 

Produce* 

Republic 

8t.  Nicholas 

Seventh  Ward 

Second 

Shoe  and  Leather. . . 

Sixth  

State  of  New  York.!!! 

Tenth 

Third 

Tradesmen's 

Union 

we8t,pide».: :.: 


Capital. 


DiVIDlNDB. 


WW 
lU) 
IW 

•a 

lU 
3S 
100 

■a 

100 

is 
luo 
luo 

1(10 
100 
100 

luo 
» 

100 
100 
100 
90 

90 
100 

:iio 

100 

Its 

85 

40 
100 
100 
100 

50 

50 
100 
100 
100 

so 

100 
100 

IW 
2S 

so 

25 
100 

50 

50 
100 
100 
100 
100 
100 

im 

100 
100 
100 
100 

.w 

25 

50 
100 

25 

20 
100 
100 

:oo 

100 
100 
100 

;oo 

100 

100 
100 


8,000.000 

5.000,000 

230  WIO 

I.OOu,  CO 

20(i.lX)0 

800,(100 

3,iwo,(na 

450,000 

800,000 

•ilO.OU' 

1,000,000 

10,000,000 

1,500,000 

1,000(100 

100,000 

1,000,1100 

890,0(10 

■Mi,(m 

ISO.OOC 
SOO.OOd 

5.000,000 
600,000 

1.600,000 

lOM.OOO 
2fiO,(»IO 
200,000 
2(10,000 
lOO.OOU 
300,000 

1  OOO.IKIO 
'100,000 

1  5011,000 
500.000 
101.0(0 
600.000 
500,(100 
4.'0,000 

2,(150,000 
ilOO,000 
400,000 

t.ooo.ooc 

2,000,000 

600,000 

600,000 

1,000,000 

■I.COO.OCO 

1,000,000 

500,000 

4.000,000 

3'JO,000 

1,000,0(10 

3,000,000 

200,000 

500,000 

5oo,ax) 

i. 500,000 

1,000.000 

400,000 

300,000 

422.700 

2,000,000 

4!2,500 

1,800,000 

'«C,000 

2,000,000 

1,000,000 

300,000 

800,000 

1,000,000 

200.000 

2,000,000 

1,000,000 

...    1,000,000 

40   1,000,000 

so   1,500,000 

100'     200,0001 


Last  Paid. 


Fbiok. 


Bid.  Askd 


Jnlyl,'76...5 
May  1,'75...4 
July  I, '75.. 6 
JnlTl, '73..12 
Sept.  i, '75. .5 
July  I,  "75... 5 
July  1,T5,...| 
•'uivl.'75...S 
Sept.  1,'75.1S 
July  1,^5.. .4 
M(V.1,'75.  ..5 
■.'uly6.  75.  ..4 
July  6. -75... 4 
Anit.J,  ■75.,.5 
Juljrl,'74...1 
JnlvK/.TS...? 
Jay  l,'75...4 
July  1, 15.3>4 
.Inly  1. -75.2)4 
Jalyl,  15.. .8 
July  1, '73..  4 
May  1, '75., -5 
Oct.  »,  •75..4 
Feb.  1, '71. 
May  1,  "74. 
.Miiy, :  •73..._ 
May  1,^5..  10 

.i'u'ylV'TB.'.'.S 
July  1, '75.. .4 
Mcf..l,'75..4 
July  1,  "75.  ' 
July  1,  '75. 


150 


100 

m 


Insurance  Stock  JLUt. 

(Qnotatlona  by  K.  8,  Baii.«t,  broker,  69  Wall  street.) 


COMPAlriXB. 


ioo 


.6 

Jniy'i.'-rs.'.le 

Fei).12.'74.8H 
Jan.l0,'75...4 
AU)f.lO,-;5..5 
July!, '75. JH 
July  1,  •75... 5 
July '.,■75... 4 
July  1, '75... 5 
May  1, •75.... 3 
May  1,'75„..6 
May  1,15..  .4 
July  1,  •75... 4 
•'uly  l,-75...4 
Julyl,;75,8X 
July  6, '75... 5 
Oct.  I.TS.  .4 
.Maylu,'75..4 
July  1, '75..  .6 
Jnlyl,'7.'-...7 
Jnly  1,  "75.8), 
May,  '73... 5 
.jBn.2,  •75...4 
July  1, '75..  4 
Julyl,'74.3X 
July  1.  "75... 6 
AU((.2,"75...3 
July  1,'75...6 
Julyl,'75...5 
.Inly  1,'75.3H 
JulylS,'74.3)i 
Feb.  8,  '75.  4 
Auk.  9,  15. .4 
July!,  •75.. .3 
inly  1. '75... 7 
July  I,'75...6 
July  1,  75.. .4 
Mayl(),^75..4 
Jm.i'74.lng 
July], ■75-. .4 
..  July  1,*T5...5 
10  M»y  1,'75...5 
3    I  July  1,  -75. 


10 


82H 


li'O 


109  4( 
U2V 

U3 

"m 

isi" 

vi-i 

122 

135 

138" 

140" 

96 

iP3" 

iis" 

'152  J, 

:4i;:::::i" 


6a«  and  City  K,R.  Stocks  and  Bonds. 

[(juotatlons  by  Charlee  Otis,  Broker,  47  Exchange  Place.l 


Ga6  Companiks. 


Brooklyn  Gas  Light  Co , 

Citizens' Gas  Co  (Bkljn,,.. 
do  certUlcates.. 

Harlem 

Jersey  City  &  Hoboken '.'.'.'.' 

Manhattan 

Metropolitan ..'.'.', 

do  ce'rtiOcatea... , 
do  b  nJs 

Mntual.N,  Y ..." 

Nassau,  Brooklyn 

io  scrip 

Now  York 


People's  (Bro()Uyo) .'."".  I 
do  do       bonds. 


Westchester  County 

Certificates 

Bonds 

Wllltomaburg 

do  srrfn... 


Par  Amount.  Periods 


2,000,000 

1,200,000 

3(10.«'0 

1,850,000 

20 1      886,000 

50|  4,000,000 

100   2,;00,000 

....|  l.«10,000 

....I      500,000 

10(1   5  000,000 


25 


50 


Ultecter  tit.<t  .«<;(on>"erru— stock 

Istmortgage 

Broaawai/  A  Seventh  .dre— stock 

l8t  mortgage 

Brooklyn  Oitu—alock...    

iBtmortgage 

Broadwaij  (Brooklyn)— i\ii^' ' ' 
Brooklyn  <t  //Kwffr'srt— stock" 

1st  mortgage  bonds 

\,en%ral  ft.  If.  A  E.  .Mrer-Btock 

1st  mortgage 

id        do       

Chrtsiopher  <t  7mth  Slreel— stock 
C  ney Island  tt  Bronk'n—ltt  mort 
I>ry  Dock,  K,  B.  <t Buttery— UofX 

Istmortgiige.cons'd 

Mia fith  Avenue— Block 

1st  mortgage 

42d  St.  <t  Ornnd  St  ^erry—ttdiH. 

Ist  morte^age 

Central  Crow  7o(wi- stock! 

Istnlortgage 

AflnsA  Avenus — stock,  . 

Istmortgage 

Second  Aveyiue—Btock.     ',    

Istraortarage 

2dn^ortga£e " 

Sd  qionsaye 

C.:n3.  Convertible *, * 

/tixt.'tA"e>i;te-  stock 

lit  mortgage 

third  Ave.nue — stock 

iHt  niortnage 

t'fr'nty-thlrd  SireeP-atocx...'." 
I«t"~— 


IW.OOO 

5(X1,(100 

4,000,000 

1,000,000 

800,000 

466,000 

53,000 

21,l«j 

1,000,000 

1000,000 


A.*0. 
F.&A. 
J.&  J. 
J.*  J. 
M.&S. 
M.  &S 
J.&  J. 


a         Last        Bid. 
S    divlaend 


M.*N. 
Q— F. 
M.&S. 
F.&A. 


5 

!>' 

1 

5 

5 

5 

■7" 

'!« 
7 
5 

3y. 


July,  '75 
Oct.,  '75 
Apr.,  '75, 
Aug.,  '75. 
July,  '75. 
Julv,  '75. 
Sept20,'75 


J.  &  J. 
J.&  J. 
J.*  J. 


uly. 
July, 

May" 
July, 


•75 


July,  '75! 
jriiy"  •75| 


245 

300' 
160 
105 

iio  ■ 

130 

vna 

'ioi)i 

96 
100 


100,  «X),0OU 
iOOO      694,000 

100  2,100,000 
lOOCl  1,600,000 


150      . 
102K  . 


Askd 


•2S0 
154 


134 

170 


Adriatic 

.(Ktna 

American 

American  Exch^e. . 

Amity 

Arctic 

Atlantic 

Bowery 

Hrewcrs^ftMlsfrs 
Broaiway 

Brooklyn 

Citizens' 

City 

Clinton 

Columbia 

Commerce  Klre.... 

Commercial 

Continental 

Kagle  

Empire  City 

Emporium 

Kxcliange 

Farratjut 

Firemen's  

Flremcn^s  Fund. .. 

Flremen^s  Trust.. 

Gebhnrd 

German-American 

Germanla 

Globe 

Greenwich 

Guaranty 

Guardian 

Hamilton 

Hanover 

Rofltean 

Home 

Hope 

Howard 

Importers'*  Trad.. 

Irving 

Jefferson 

Kings  Co.  (B'klyn) 

Knickerbocker 

Lafayette  (B'klyn) 

Lamar.,    | 

Lenox 

Long  Island  (Bkly.) 

LorlTlard   

Mannf  &  Builders 

Manhattan 

Mech.&Trad'rs'.... 
Mecbanics'(Bklyn) 

Mercantile 

Merchants'  

Metropolitan 

Montank  (B^klyn). 
Nassau  (B'klyn).. 
NaUonal. .......... 

N.T.  Equitable.... 

New  York  Fire  ... 
N.  Y.  &  ionkers.. 

NIairara 

North  P.lver 

Pacific 

Park  

Peter  Cooper. 

People's 

Phenlx  (li'klvn)  .. 
Produce  Exchauge 

Relief 7.. 

Republic 

Rldgewood 

Resolute 

Rutgers' 

Safeguard 

St.Nicholas 

Standard 

Star 

Sterling 

Stuyvesant 

Tradesmen's 

tTntted  States 

Westchester 

Williamsburg  City. 


Capital. 


Par  Amount 


60 
17 
10 
10 
10(1 
100 
50 
SO 
25 

im 

100 

:s 

50 

so 

100 
25 
50 

60 

30 

20 

40 

50 

100 

25 

50 

25 

100 

100 

25 

50 

60 

60 

fO 

50 

50 

37X 

&5 

100 

100 

50 

25 

2,'i 

100 

20 

50 

50 

IWi 

50 

100 

100 

100 

25 

100 

25 

50 

100 

100 

25 

25 

25 

10 

50 


ano.ooo 

200,000 
400.000 
200,000 
200,000 
300.000 
200,000 
8(0,000 
200,000 
200,000 
168,000 
800,000 
210.01X1 
250,000 
800,000 
200,000 
200,000 
1,000,000 
300,000 
200,000 
•«),0(» 
200,000 
200,000 
204,000 
150,000 
150,000 
200,000 
1,000,000 
500,000 
200,000 
200,000 
200,000 
200,000 
150,000 
600,000 
•«0,000 
8,r00,000 
150,000 
.500,000 
200,000 
200,000 
200,010 
150,000 
280,000 
150,000 
200,0(»l 
150,000 
200.000 
300,000 
200.000 
2.50,000 
200,000 
160,000 
J00,000 
200,000 
S00,(X)O 
200.000 
200,000 
200,000 
210,000 
200,000 
200,000 
600.000 
3,50,000 
200.0(XI 
2(«,000 
150,000 
150,000 
l,00O,0(X) 

;oo,foo 

200,000 
300,000 
200.000 

200,000 

200,000 
200,000 
200,000 
200,000 
200,000 
•200.000 
200,000 
150,000 
250,000 
250.000 
250,000 


Nbtbvb 

PLUS, 

Jas.  1 
IS75.* 


DlVIDKSBS. 


18n  1872  1378  WllLast  Paid 


22,:  •.7 

E4,:isi 

244,668 
68,766 
6,0!>5 
1S,4S6 

106,i;3e 

390,375 
7,721 
260  J}5 
2*0,41 : 
212..n3 
309.894 
1^6,'J07 
49,787 
27,478 

m,e:9 

Ss6.601 

4;4,a9 

119,566 

26,2;« 

92,615 

94,133 

103,664 

81,306 

97,940 

19,937 

32a  ,589 

398,751 

116,672 

3'2S,224 

"43,'OOT 

125,7!l« 
t329,0»r 

90,653 
t883,281 

29,741 
H8,lf2 

77,712 

!4,8(ii 
136,Hi 
174,6;2 

80,264 
121,817 

83,445 

79,363 
169,447 

67,234 
115,712 
187,759 
315,753 
122,479 

50,008 
151 .863 

36,755 
121,476 
2M,S\i 

66,618 

810,385 

196,0(:l 

20,5a9 

426,524 

1t!<,6l'0 

&5(l,139 

165,216 

2U,544 

182,708 

536,222 

12,<C0 

43,051 

101,002 

58,877 

30,441 

191,749 

90.597 

+61,403 

121,506 

78,9I'0 

71,077 

165,569 

158,966 

246,825 

tl6'2,f.60 

256,690 


20 

ii" 

20 
13 
14K 
14 
10 
10 
10 
,20 
20 
10 


li 
20 
14 
20 
17 
10 
10 
11 
8X 
20 
10 

■5" 
|K 

io" 
10 

io" 

28 

sk 

17H 

10 

10 


iii 

ii" 
10 

9" 

10 

20 
ao' 

20 
■OH 
14)« 
10 

'9" 
5 

•i^ 
10 

io" 

10 

5 

io 

5 

4 
10 

12« 
29 


7 
10 
10 
iO 
10 

io' 

15 
7 
10 
10 
20 
10 
5 
7 
< 

SO 
20 

W 
18 

io' 

12 
20 
19 
iO 
14 
10 

5" 


10 
10 
14 
10 

la 
10 
10 
20 

9 
20 

3U 

17 

20 

17    1 

10 

10 

18 

10 

30 

10 

:o 
;0 
10 

13 
10 

10 
10 
10 
10 
15 
90 


Bid 


July,'»..8 
July,  '71,  ,5 
J  uly,  "75.  .4 
July, '75.. 5 
Jul), '75.. 5 
Jnne,7.>.15 
;uly,  "76.6 
4ng.,'75.IO 
Jnly.  "75.20 
July  "75..  10 
AOB.,"75.I0 
July,  "75.  :o 
,Jniy, '75..5 
Jnly, '75.  .5 
July,  '79.10 
.Inly'7S...t 
Oot., '75.15 
July, '73  .7 
Jnly,  •75..5 
July,  '75  10 
Jn)y,"75.7x 
July, '7S..8 
Jnly, '79.  .5 
July,  "75. .6 
Ang.,'75..5 
July,  ■75.. 5 
July. '79.  .5 
Ju1y,'75..10 
Jan.,  '75.25 

.;"tiljr."'75;.5 
Jaiy,"75..io 
JuJy,  -79.  f 
,lnrr'i>..li 
July,  •15,. 5 
Ji(ly,'73,,6 
July  ,'75,.. fl 
July, '75.. 6 
July,';5.  .5 
Sept. ,"75.. 5 
July. '75.1(1 
July,  "75.10 
.Inly,  TS.ir 
July,  "75.  .5 
•Tuly, '75..5 
July,  '75.. t. 
July, '75, .5 
July, '75.. 5 
July,  '75.. 7 
Julv,  '75.10 
July, '75.. 5 
July, '75.. 5 
July, '73.10 
ja1y.'75..5 
Julv,  •75.1(1 
Jul, e, "75. 10 
July,^75..6 
Inly,  •75.10 
Aug., •75,10 
July.  "75.. 5 
Jnly,  "75.  .5 
Oft.,~5..6 
July,  "73.21 
jDly,"7i.lC 
July.'75.10 
Jn  V, '75.10 
July,  '75.. 5 
July, '75.  .5 
July,  '75.  5 
Julv,  "76.. 5 
Jnly,  •75.. 6 
July, '75. 9 
Ang.,'75,10 
July,*75,7j4 
Aup.,'75..5 
Ju'y,  .5.5.6 
July,'76.1)< 
Aug. ,'75.. .5 
July,  "75.10 
Jnly.  '75.10 
July, '75.. 8 
Aug.,'75..5 
Juy.""-  '" 


'!ll 
87« 
155 

"w" 

75 
326 

"v.o 

220 
170 
170 
143 

to 
'iw 

120 

ia 
126' 

115 
127 

85 
115 

75 
100 
115 
140 
300 

"ri' 

160 

lis 

95 

M 


Askd 

ft 
m 


80 


'isi" 

176 


139 
3(0 


170 
2tO 
ISO 
160 
KB 
102 
!oO 
90 
120 
107 
205 
l.iO 


1S5 
75 
175 
185 
110 

zor. 

170 
80 
112 

'iao" 

160 

210 

165 

iia 
■js" 

92)> 

"i-o" 

175 
1(3 

iii" 

1(5 
ICO 

ies" 

165 
105 
799 


iitt" 
isi" 

820 

ios" 

170 
115 
100 
115 
100 

m" 

a 
vey 

Kf 

140 

169 

1:0 


98 
195 

80 
ISb 
19S 
11» 


115. 


165 
220 

lis" 

Its 

9^ 
58 
110" 

85> 
185 
110 

n»  ■ 
i» 

1(S 

■175" 


*o.» LU   i'!i     !.  '^";  '"(^'udinE  rc-lu8urance.  capital  aiiO  protlt  -.crip 
iJik.  u„..      °°!1%,°,'  25  per  cent  by  the  Hanover  and   Westchester,  23  per  cent 
oFiboTe  Set'surplu? '""'  by  the  St.  Nicholas,  have  since  been  declared  out 

CStjr  Securities. 

tQnotatlons  by  Daxibl  A.  Moba.v,  Broker,  40  Wall  Street.] 


;o 

IOOO 

100 

Ml 
IOOO 

I(«l 

1000 
1000 

1666 

100 


2,000,000 
300,000 
200,000 
4011,000 
300,000 

1,161,0(10 
550.000 
600,000 
650.aifl. 
307,000 

1,200,000 
900.000 

1,000,000 
203,(XX) 
7.50,000 
220.000 
560,000 
200,000 
797,000 
167,(X10 

I,(!99,500 
3.50,000 
200,000 
150,00(1 
39>l,fi0a 
7.50,0()fl 
2.50,000 
2,000,0(X) 
2,O0O,lXXl 

600,000 

120,R)0 


J.&  J. 
J.&  J. 
J.&D. 
Q-F. 
J.&  J. 
J.*  J. 

J .  &  J, 

'f.'&'a'. 

M.*N. 

j'.'&'j; 

Q-F. 
J.&D 
J.&  J. 
J.&  J. 
M.&N. 
A.&O. 


J.  &  J. 
Q.-F. 
J.  AD. 
F.4kA. 
A.&O. 
M.&N. 
.M.&N. 
J.  &  J. 
Q-F. 
J.  A  J. 
J  &  J, 
M.&N. 


Jnly,  7S 

May. '75 

ifc 
July,  75 
Oct., '76 


1883 
1890 

"isrj" 

May,  '75 

Jili]r,'"75 

Mr.'y "  '75 
1873 


Oct. ,79 
1877 
1876 
1885 
1888 
May,'75 

1890 
May,    '75 

if;9o    , 

July  ,"75 


"72W 

92  H 

190 

102 

101 

160 

tl 

72H 

65 

33 

70 

BO 

85  ' 

ny 

95 

135 

100 

""^'       iiti'.iw.iu     ni  .(E IN .       i         I , .   , 

ISIS  coiunu.  kuowa  lul  dlyiaeod  un  »(oc*«.  Mi«  du^f  matarit;  of  iimdiT 


100 


70 
IOO 
100 


100 
130 


100 


Nob  I'ork: 

Water  stock 1841-63. 

do         1854-57. 

Croton  waterstock.  .1M5-51. 

do  do       ..1852-60. 

Croton  Aqned'ctstock. 1865, 

do       pipes  and  mains 

do       reservoir  bonds 

Central  Park  bonds.  .1853-57. 
_      do        do        ..1858-65. 

D«ck  bonds 1SS2. 

do        1870. 

do       1.^75. 

Floating  debt  stock i860. 

Market  stock 1865-68 

Boldlers'aid  f(md 1S6S. 

do  do      1863. 

Improvement  stock 1S69 

do  do     1869. 

Consolidated  bonds var 

Street  Imp.  stock' var. 

do  do        var 

New  Consolidated 

Westchester  County,..  . 
Jertey  City: 

Water  loan 1852-67. 

do      long 

do       1869-71' 

Sewerage  bonds 1866-69 

Assessment  bonds. ..i8i(>-7i. 

Improvement  bonds  

Bergen  bonds 1868-69 

/Irooitiyn— [Quotations  by  N. 
Local  Iinnrovement— 

City  bonds 

do        

Park  bonds '* 

Water  loan  bonds 

Bridgebonds 

Water  loan 

City  bonds 

Kings  Co,  bonds '.' 

do         do    

Al^BrijOklyn  bonds  flat. 


S_K 


Months  Payable. 


Feb., 


,  May  Aug.*  Nov 
do  do 

do  do 

do  do 

do  do 

May  *  November. 

Feb., May  Aug.*  Nov 

do  ^ 

do  TTo 

do  do 

May  &  November. 


Bondsdue. 


Feb . ,  May,  Aug.&  Nov, 
May  &  Novcn^cr. 
do  dc 

do  do 

do  do 

do  do 

do  do 

do  do 

do  do 


JanuaiT  &  Jnly. 

January  &  July. 

do  do 

Jan.,  May,  July  &  Nov. 

January  and  July. 
Bkkbs,  Jr.,  Broker,  2>, 

Jaatuiry  A  July, 

do  do 

,  do  Oo 

do,  do 

di)  ,  do 

'      do  , .         do 

do  do 

May  A  .Vcvember. 

4o  do 


1875-80 

1875-79 

1890 

188J-80 
1884-mi 
1684-lMO 
1007-11 
1875-98 
187.5-95 

11576 

1901 

1905 

1S78 
1891-97 
1873-75 

1876 

1889 
1879-90 

1901 

1888 
1879-82 

1S9« 

1891 

1S77 

1895 

1899-1902 

1876-79 

1B76-91 

19(15 

1876-1900 

Wall  sU]   I. 

1875-80 
lKtll-95 
1915-24 

1903 

1915 

1902-ll«!a 

lSS1-9r> 

1SS0-S3 

1575-80 


Bid, 


96 
101 

96 

lli'2)» 
103>, 
'.09 
102>4 

96 
102X 


lOSK 
IOS>, 
109 
1(2 
'101 
lOiii 

n-i 

Wis 
•il4V 
1J2 
V» 

95 

96 
10! 
102 
J02 
;03X 
1U2 


1(2 

106 

no 

:10)<; 

!:o 

U3 

101 

10» 


Ask 


97 
102 

W 
103 
103 
110 
103 

97 
103 

»>H 
IIO 
103 
103 
110 

wm 
1(« 

108 
108 
113 
,0S 
1'I8 
lis 
107 


97 

106 
102 
101 
104 
103  Vi 


104 

1(8 

lUX 

112 

111 

IW 

loax 

no 

ma 


October  23  1875  ] 


THE   CHEONICLE. 


393 


3uBcstmtnt0 


STATE.  CITY  AND  CORPORATION  FINANCES. 


Tb*  "  loTMtora' Sapplemeal"  Is  publi-nbed  on  tbe  iMt  Skturdny 
of  «Mh  month,  and  furniahed  to  all  regalar  Babncribera  o(  tbg 
Chbosiclr. 


AlVNUAI.   REFORTa 

North  Carolinm  Railroad. 

(For  th*  Tmt  Ending  Ma^  31. 1875.) 
TIm  report  ihows  the  following: 

Bacaipu  from  >U  fooras $«5S.»«  ■ 

ToUlexpeiue*  for  the  year Ufiltm 

I,a(Ti^  ■  balanea  of 93V,M8  9r 

Of  lb*  »bOT»  •4I,B«  n  czpnaM.  |»,Wr  «>  wen  applied  In  par- 
aeal  of  Uleraet  oa  debt,  and  la  eettleBteat  of  jodcmenu  oo  old 

Oat  of  above  balance  ware  paid  dlrldeads  to  tbe  amonnt  of. 13S.ffit  M 


Leavtac  a  balaacc  of t9M>M  <■ 

WUdibaa  b«ca *ppUe«  to  tbe  dnkinc  hind  and  otber  patpoeea. 

paar  or  nu  oomtast. 

The  total  debt  of  ibceooipaBr  reported  at  laet  anaaal  oaetlaK  wae  >W7.M8  M 

PRieiUdebtef  Ibeoonpaax  U  _ .         4*1.384  « 

noB whicb dcdaet aaooBt  taeeu Ml.8Nn 

Aad  «•  hare  tbe  actaal  debt  of  tbe  eonpaa*.. 
Of  tbe  abore  $*4i  .m  »  aetata,  tlAMt  a  U  < 


oreaatiJ 
I,  ta^caal 


iwllb 


aad 


tllMWU 


AiHMt  of  boade  Uened  eader  the  ■ 
Caeb  aad  boadt  patd  lalo  tba  tIaUac  fasd 


.  $1M,QM  00 


Tbe  Co.  bee  paid  dartoc  tba  r«ar  to  Oor.  W.  A.  Onbaa,  TiaMae. .    |B7,og|  (0 
StatraieDt   ebnwlBg  ivcelpta  and  expcaditurca  <  f  th<>   North 
Carolina  Railroad  Company  for  tbe  fltcal  year  eadlng  .May  81. 
1873. 


ileataofNortkCarollaaBallroad $«0,aoo« 

rraai  iBlarcat. h TJMI  • 

Total 

Froai  r»nl» „,.. • • 

Proai Teal ceCate ....a.........  .••.......••.•.••*•■• 

Froai  Bleoellaaeaaaeaaieti iV. 


.$107, 
1 


'IS 


Total. 


Tratellec  opciiece  tad  other  Inddeatele.. 

Lia>a  aad  daaiact — 

Adrenlefag,  miluaeey.  *e 

Ikl' WMB.  •••   •••*••■•    >•■■■•■•    a,  •«•■■■••••« 

Lcn^l  vpnMt... •*«««■•■••*•••.••■«• 

Ini«n»t • •• 

^%%  ■rOOmC     ...e.      ■■•      ••■•oaaeaaaaaa*'* 

Pitadac  baada 

Balance  lecalpu  anre  Ihaa  < 


ll.tM  M 

i.TMa 

own 

«,flMoa 

:  •^IR 


Total •«n.MI« 

FInnadal  tMdiUeo  o(  Notth  CnroUa*  BaUrcad  Company,  Mnjr 

sums. 


.iM'tn  00 

.      W.109  0D 


Ooe(ofcgwlnclloa.iqnlfeaeavaadr«aleala«i....  ^^._  „    |l.»«.Ma 

Aaonat  etaklnt  (aad 

AaMaM  Cbatbaa  MkUrokd  etoek 

AaamKecttCaiBUaaBaOmadetaek. _       _ 

Aaoaat  XortbwtoMrB  ST.  C.  S.  8.  Hock J^'**  <"> 

Abkmm  dae  riiim  Tarloaa  partlee WMW  «> 

aaMaal  eapallee       IMt  It 

A»<Mtta!baabaad tai^MO  tl-«6.«a04M ti 

camAL  eroai  aas  uaanjnni. 

OhptMttaek  ...  i^.. ^.nv.tmm 

uSiaCSMrcai.  1. 1«l. IHIMO  00 

l»l»mitd6eoa>.v  ,_IS** 

■  pvcaataott.  biia-ixi'ir;  Suv.,  Wn nViMOO 

0 per caatatarttM*  baada  dac  Sot..  MM., 
taleraet  dee  oo  r-^- 

waaoand lata ac . .  -  ,...-.... —  —  — . — . —  --  

Total |a.«ljn« 

At  lb*  innoal  me«tlBg  at  Uremtboro.  N.  C,  Jnly  8.  C'oloaal 
TboMaa  If.  Holt  latrodaced  the  foUowlng  praaabla  and 
tiena,  which  w«i«  Snallr  adopted : 

la  Iba  Xortb  CaroUae  BaUraed  Omm- 

M  Uaaed  to  batld  Uj« 

wtkt  te  knnwn  ea  tbo 

tar  tbe  Euirm  Dto- 


MWOO 
IMHOe 


Whtm;  Tba  Uaa  epoa  the  State  etoek  la  Iba  Xortb  a 
pear,  tafli«oroftbebeldeT«ot  HMboMo  of  fbe  Suu 
tawl  at  aM  catapaar.  baa  been  JadleW^  dedered  la  wl 

aa«*aladH1 


la  tka  Clitalt  Ooatt  a(  tta  Caltad 
__  Car<dlaa.aad 

tt  MIT  eerloaelT  daauce  the  latereet  of  the  Stale  of  North  '  •roUne 

-  ■mtbtlSiw  or  tbe  MactbCafaMaa  MBread  Conn-w;  r«c 

ihacaatial«rtta,~ 

aa  eaallaMa  aea. 

nion  boodboHen,''  tb< 

M,  T  b<t  Ibc  Dirrctom  of  the  Xortb  Ouallaa  ILUIroed  OOgt- 

tlon.  W.  A.  Ur.bjuD.  iraatee,  tea  boeby  eaibnriKd  tis 

•ball  llnd  It  prtc'IcabletodaeakloBMnKh  amoDDtof  taa 

A  b<*e  DcTrT  h«ai»  lfMixd,er  any  pail  of  ibo  miniuo  aad 


hj  tike  mortistar. 
b< 


reaonuSi. 

SlatrOMI' 
Traatececc.    ... 
tloB  W  Ihi»  aad. 


In  nejr  ibe  "  Omeimciloii  botMe"  at 
'  '  lot  beaeSl  <.r  Uw  buie  si.d  ladl- 
't  any  b«. 

■  t  ear  Ie(lelaUoa  l«  xtrt-  ••4f]r  to 

'>.~  >>ofHl«,  ee   prorldail  ii   i he  Oral 

■h»  ralallTe  Inlorr-r   .,r  ili<> 

IhaBoaMof    Dirtrimawiit 

. .  ;*!  tacare  att  arcteeu?  iHltla- 


oeneraIj  investment  news. 

Aiiglo>.\merlcan  Telegraph  Company.— Unfarorable  com- 
meois  bare  lately  been  made  upon  this  company  on  account  of 
its  action  in  ad-rancinj;  cable  tales  from  la.  to  48.  per  word, 
immediately  on  the  breaking  of  the  Direct  cable. 

The  report  of  the  Anglo- American  Telegraph  Company,  adopted 
at  the  meeting  on  the  Ist  of  October,  staten  that  tbe  total  receipts 
from  lat  Jan.  to  30th  June,  Including  a  balance  of  £3,f83  lis., 
carried  over  from  the  last  account,  amonnted  to  £3S8,636  while 
tbe  total  expenses,  including  income. tax,  repair  ol  cables,  and 
depreciation  of  cable  stock,  were  £47.570.  One  quarterly  dividend, 
at  tbe  rate  ot  5  per  cent  per  annum,  free  ot  income-tax,  was  paid 
on  tbe  1st  May,  absorbing  £87,500,  learinK  a  balance  oi  £lo3.50(i, 
from  which  a  second  quarterly  dividend  at  the  same  rate  of  5  per 
cent  per  annum,  amounting  to  £87,S00,  was  paid  on  Aug.  1st, leav- 
ing a  balance  of  £06,066  (including  £33.  301  surplus  cable),  to  be 
carried  forward  to  the  next  account.  The  fallini;  oti  in  the  traffic 
receipta  for  tbe  first  six  months  in  187S,  aa  compared  with  tbe 
eorr««p<'°<^'Oir  period  in  1874,  amounting  to  £07,720,  is  to  be 
attributed  partly  to  the  continued  depre  sion  of  the  American 
trade,  but  chiefiy  to  tbe  redaction  of  the  tariff  to  3.'.  per  word, 
which  came  into  operation  on  the  1st  of  May  last.  ^ 

Atlaatic  k  Great  Western.— Weekly  statements  of  the  opera- 
ttosa  of  tbe  road  hare  been  forwarded,  by  the  receiver,  to  London. 
The  following  are  the  last  to  hand: 

trMTVamr  or  amaATiD  kar!cdco». 

, For  wecke  ending , 

Soorce  o(  earalnge.  AeipMt  2?.  Auea>t  31.       lieptcmber  7. 

7  dayr.  Tdavr.  Sdajt. 

FfOB  Ibe  Mala  Uae (W.5I1  $«!«,iM  tta,\K 

Wtom  the  C'leielaad   A  Xabonlac 

Valtojr 4,nt  *,VC  «,»75 

Tram  ibe  Claelaaatl  Hamilton  * 
Dajtoa t,1U  S,SM  4,801 


Total  weekly  earalBCS,  1R7S $IOt,4AI 

Osi  I  apead  lag  periode  ef  laat  year.    9(,UI 


(lOOOII 
100,101 


n.715 


M,t80  St-StO  S8.7S4 

HoTB.— The  »teelver  la  oprratlos  lOS  allee  lea  of  road  than  In  Ibo  corrc- 
tpaadlac  perlaS  of  lat  yvar,  vis.; 

CfciiiwatI  Haallloo  A  D  >yton  Bread  Qaagn  Tracks Onmllea. 

Nll<-.  B  New  UaboQ  Hallway 33     ** 

Liberty  *  Vlmaa  Hallway. 8    *> 

108  mile*. 

Ceatral  ot  Iowa. — A  despatch  from  Dea  Moines  says  that  a 
hasrinc  was  bad  on  October  10,  before  J-idgea  Dillon  and  Lorr, 
tal  a  •alt  of  the  Parmera'  Loan  and  Trust  Company,  Trustees,  vs. 
ths  Central  Railway  Company  ol  Iowa.  The  plaiotifia  in  the  suit 
bnaigbt  artinn  on  behalf  of  a  minority  of  the  bonoholders.  The 
dsfandanu,  known  aa  tbe  Boatoc  and  N'ew  York  committeea,  and 
tke  old  manappmeot  of  tbe  road,  backed  by  a  majority  of  the 
boads,  asked  that  no  foreclosure  should  take  place,  and  that  tbe 
property  l>e  managed  for  aix  years  coniioK  by  said  commiiieee. 
The  oiart  denied  both  applieationa  of  '.he  latter,  and  probably 
will  Ki*»  a  decree  next  week  which  will  cover  tbe  foreclosure 
and  sale  uf  the  property  involved. 

Cblrsgo  Burlington  *  (^ninry.— Tbe  Chicago  Tribune  pub- 


lUhts  the  following  earnings  from  Jan.  1  to  Sept.  1,  1875: 

Jtaaary  . 
Febraaiy. 


|«ta,M4H 
704,  Its  M 

•io.m6* 

tn,0OD4S 

•ts.m  97 


MS,48tn 

i,iaMn8t 


ApM 

f:L.. 

Jaly  .. 
A^aat 

)f  aklnff  a  loisl  for  ths  eight  months  of  ths  Immense  smonnt  of 
17.472,610  06. 

Erl^  Rail  way  .—The  report  of  Mr.  Hugh  J.  JeweM,  Receiver, 
lor  the  ttinnihs  of  Jolr  and  Aiitrual,  has  just  been  fliei  and 
approved  by  Jtidge  Spencer,  the  referee.  The  Tribune  report  of 
U^sas  the  following : 

Ths  receipta  and  dubnrssmenta  are  given  day  by  day  in  the 
tsport,  each  day's  tnmming  op  Inelndiog  aceoaota  began  both 
beiora  and  after  the  receiverahip.     The  total  receipts  for  Juir  are 

C«  as  $2,721, 7C0  04  :  tbe  loial  dlsiiursementa  as  $3,416,503  53. 
toial  fisolpio  fsr  the  two  nootbs  were  |4,043,7ill  09,  tbn 
dbbamsasalS  f4;ia».189  96.  leaving  a  balance  of  $378,.')92  43. 
Coder  Ibe  head  of  dlsbursaoeots  are  noted  tbe  following,  outside 
of  tbe  ordinary  dal'y  trsnaartinns- 

Jnly  3,  loaw.old  aeeount,  Duncan.  Sherman  &  Co.  fin. 8^.")  85  ; 
Jaly  7,  loans,  old  Bsoooat,  N.  Y.  tluaranly  and  lo'lemniiy  (Vi., 
^Mi^MV;  July  lS.lasBS,oldaceo(iot,  8.  L.  M.  Barlow,  |IO,00() ; 
Joly  ai).  loana.  old  aeoosnl.  National  City  Bank,  $100,000,  and  .V. 
T.  Qoaranty  and  Indemnity  Co.,  $50,000;  July  33,  loans,  old 
•eeonnt,  8.  L.  U.  Barlow,  $«,S83  3V. 

Under  the  bead  of  rseoipts  ars  the  following,  outside  of  the 
ordlnarr  traoaactirns : 

July  14,  saU  of  securltlee,  $1,546  07;  July  34,  old  surplus 
materials,  $10,000  ;  Jalv  3H,  old  surplus  materials,  $4,677  89:  July 
81,  loana,  I'aioo  Steamboat  Companr,  $,'i.000 ;  Autrost  17,  loans, 
Pennsylvania  Coal  Company,  $.")", OlX»,  old  rurplus  materials, 
MilOO.  Ao|r.  31.— lioaba  — A.  Ontnian,  $40,000;  J.  R  Smilli,  $50,- 
000:  J.  H.  Wood,  $90,000;  .1.  8.  Younr,  $.50,000;  J.  T.  Wilson. 
$40jOOO;  Marino  National  Bank,  $40.0<IO.  July  39,  Interest  on 
mortiraga  bonds,  $3,597:  July  3fl,  Union  Steimboat  Company, 
$30,000;  Au».  4.  loans,  old  account.  N.  V.  Uuarantv  and  Indemnity 
(■«n.panT,$.V).000;  Aag.  11,  loMia,  oM  account,  Kourih  National 
Rank  f-Vl.OUO  ;  Aug.  3il,  loans.  Marine  Vstional  Uank,  $300,000  • 
Auir.  31,  loane.  H.  J.  Jawett,  $88,888  38. 

In  a  neoeral  statement  by  Mr.  Jewett  of  bla  whole  transactions 
fiom  May  87  to  Aug.  81,  ho  charges  himself  as  fOUows : 


rsSOlB-"  '^U^lMv 


394 


THE   CHRONICLE. 


[October  28,  1876. 


Caih  balance  received  May  39 CUT  BM  44 

Caah  rccclvad  from acconnta  then  dne 1  004822  BO 

Caah  earned  and  collected  since 5.'siaMS  82 

Ca«h  from  receiver's  certUlcatea  Isaaed  at  par,'Tii'.!.'."$99i,5J»'4b 

Ca.hS>orriwid  iii>mB^k  ot'cimmiKi::" ::::::'.  :..^f^..''^~  imIooo  00 


Total 

He  credits  himself  with : 


.  $1,181,760  9« 


Payments  on  amoants  dae  prior  to  May  £7 t4a!»T«  «% 

Payments  OB  amonnts  accruing  since  May  S7 .'."..'.'.'.    i'JS'iJl  88 


Balance  on  hi^d;.;;;;;;.;;;;;;;.;;:::;:;:::::::;;";;;;;,;;;.;;.:W|«.i^ 


$7,181,760  96 

66  less  than  his  balance  at  the  end  of 


Total 

This  balance  is  $58,: 
Jane, 

He  also  gives  a  condensed  ledger  statement  for  the  whole  time 
of  his  recuivership  down  to  September  1,  1875,  as  follows  : 


H.  J.  Jewett,  Receiver  . .  $S78.!t92  43 
Traffic  balances,  passen- 
gers' old  account 1T:,164  99 

Car-key  accouut    35  00 

Gas-liKht  account 4,923  07 

General  office   expenses 

accouni S.317  23 

Supplies  account 590,644  60 

Line  rolls,  labor  account.  1,761,296  90 

Rents  account 836,370  43 

Labor  and  materials  acct.  9.585  10 

Interest  account 3,514  62 

Genert^l  office  rolls,  labor 

account 37,548  gs 

Lots  and  damage  account  6,9J6  5J 
Traffic   balance,    freight 

account 234,548  14 

Legnl  expenses  account..  84,617  56 

Taxes  account 14i,;99  27 

Insurance  itcconnt 1,773  34 

Loss  and  daraat;e 3,406  6i 

Injuries  to  persons,  old 

account 709  04 

Drawb'cks  &  overcharges 


Iron  bridges,  repairs  to 

bridges  $184,173  0! 

Labor  and  materials 

Trackage   account,     oid 

account      

Salaries  and  expenses  of 

passenger  agents,   old 

account  

Salaries  and  expenses  of 

passenger  agents 

Taxes        

General  office  expenses. . 
Loan  account,  old  arc'nt. 
General  office  rolls,labor. 


8,611  (7 
8,660  10 

21,6i3  88 

17.348  71 
68.816  92 

1,090  78 
677,031  01 
60.891  4'2 


Supplies 289;4S1  04 

Lighterage,  old  account. .         -  -      - 
Interest  and  principal  on 
real  estate  mortgages.. 

Legal  expenses 

Line  rolls  labor  account.. 
Drawb'cks  &  overcharges 

Lighterage.... i... 

Construction  account..., 
InsurHuce  account 


account lM,3ai  81  I  Gaslight  account..' 


Water  account  5,414  71 

Incidental  expenses  acct.  10,823  70  | 

Premium   on   gold   pur-  i 

chased  account  361  58 

Incidental  expenses 4,774  44  | 

Construction  acc'unt,  old  1 

account 11,516  og 

Traffic  balances,  freight.  655,663  87 

Rents 5i,,876  9S 

Wateracconnt 8,995  19  1 

Traffic  balances,  pass'gr.  66,565  56  I 

Interest  account 10,757  67  | 


Purchase  of  cars,  old  acct 
Interest  on  Erie  Railway 

mortgage     bonds,    old 

account 

Trackage. 

Interest  on  Erie  Railway 

mortgage  bonds 

Injuries  to  persons 

Hillside  Coal  and  I.  Co., 

advance 


12,116  12 

60,6ia  42 
13,401  10 
899.485  6t 
91,487  0) 
10,107  72 
2,531  82 
2,454  79 
4,841  27 
4.071  (1 


9.617  58 
17,987  29 

4,6.'55  00 
85  00 

41,738  39 


Totol $7,181,760  96 

CREDITS. 

Car-key  account $55  oo 

Loan  account 821,539  40 

Interest  on  securities,  old 
account....   58,684  61 

Transfer  receipts,  mails, 
old  account 100,238  61 

Sale  of  securities 1,546  07 

Transfer  receipts,  tele- 
graph, old  account 2, 934  90 

Transfer  receipts,  tele- 
graph, old  account 2,926  03 


Erie  Railway,  by  cash  ac- 
count     $147,593  44 

Transfer  receipts,  freight, 
old  account 713,030  32 

Transfer  receipts,  passen- 
ger, old  account  87,516  02 

Train  service,  old  account       2i,786  54 

Old  surplus  materials,  old 
account 16,43!  75 

Transfer  receipts,  freight  3,921,225  70 

Transfer  receipts,  freight  1,184,516  47 

Train  service  50,769  82 

Old  surplus  materials....        48,976  43       Total $7,181,760  96 

Mr^ Jewett  also  gives  tUe  amounts  of  the  notes  and  certificates 

issued  by  hiin,  showing  an  increase  of  $35,000. 

^.°°£'."i''^''I'i^*=*,.'''l'!!.*P''''^P<'rt  JuneSO,  1875 $636  539  40 

Note  National  Bank  of  Cosimerce iso'ooo  00 

Since  issued  : $786,539  40 

Union  Steamboat  Company «k  nno 

Pennsylvania  Coal  Company.      Mi'mn 

AivaOatmau "....  Z'nnn 

James  R.  Smith *"-"^ 

John  H.Wood  

John    .Young 

John  T.  Wilson 

Marine  National  Bank ■.■.■.■.■.■.:■.'.■.■.■.■.■".".::".■.■.■.  loloOO-  355,000  00 

$1,141,539  40 


50,000 
80,000 
50,000 
4O,0UO 


Total 

Certificates  paid  off: 

Union  Steamboat  Company  .  *Ort  f)f)/\ 

300,000—  320.000  00 


Marine  National  Bank. 


Outstanding  September  i,  1875 $821,539  40 

—London  despatches  of  October  18  stated  that  Mr.  John  Morris 
pounsel  for  the  English  bond  and  stockholders  of  the  Erie  Rail ' 
way,  who  accompanied  Sir  Edward  Watkin  to  America  had  pre- 
sented  his  report,  and  it  served  to  depress  the  price  of  Erie 
shares,  as  it  indicated  the  necessity  of  heavy  sacrifices  by  the 
holders  of  Erie  securities.  Mr.  Morris  paraphrases  most  of  the 
important  recommendations  and  sugjrestions  cuntained  in  the 
7P°!;.' "'^'■'  Edward  Watkin,  but  adds  some  information  about 
the  difficulties  which  would  attend  a  foreclosure,  and  about  the 
^i^nnrfnoA^  ^/''?  '^^"Ses.  which  exceed  the  net  earnings  by 
*1,UUU.0U0,  and  the  nece.ssity  of  subordinating  the  bondholders' 
claims  to  such  charges  and  the  floating  debt. 

Cable  advices  of  October  20  state  that  the  Erie  bondholders  have 
appointed  a  Committee  of  Consultation  to  prepare  a  scheme  for 
the  reorganization  ot  the  company,  which  they  are  to  submit  gt 
a  future  meeting. 

The  main  points  of  Sir  Edward  Watkin'*  report  are  given  be- 
low—ns  a  matter  of  record  in  The  Cji«onicle.  His  report  was 
dated  London,  Sept.  18,  and  was  published  shortly  after  in  the 
London  jouruil.-^,  and  the  following  is  condensed  therefrom  : 

The  current  debt  of  tbecomDaay,  reduced  by  using  up  in  part 
net  promts  of  working  .-arned  ■idinterim.  amounted  on  the  Slst  of 
July  last  (according  to  tlie  account  rendered  to  me)  to  $421$  075 
•["o  or  from  that  sum  mnat  be  added  or  deducted  current  debit 
aud  credit  balances  due  to  or  from  other  railway  companies  on 
n  torch  ange  of  tr-mc  account.      Probably  this  account  may  be  at 


debit  occasionally  to  the  extent  of  $300,000.  The  present  amount 
as  rendered  to  me  is  $169,091  to  debit.  The  estimated  net 
balance  or  "net  earnings"  on  the  year  ended  30th  June,  1875  as 
rendered  to  me,  was   $3,715,609,  that    is  to  say.  the  totil  income 

•iTa?i<S'c"''1*  ^""^  "?^  ^^"  """^^  30th  June,  1875,  is  stated  at 
$17,»71 898,  the  total  outgoings  at  $14,256,289,  and  the  net 
remainder  Is  therefore  $3,715,609  as  above.  I  may  call  attention 
to  the  estimate  showing  that  the  total  receipto  and  credit  items  in 
the  years  operations  amount  to  nearly  $18,000,000,  yet  the  net 
result  yields  but  $3,715,609,  or  only  twenty-one  per  cent  It  is 
only  fair,  however,  to  point  out  that  the  net  profits  of  the  general 
undertaking  are  taxed  by  the  losses  upon  the  rentals  and  workinir 
of  the  fourteen  branch  lines.  Three  only  of  these  branches  leave 
a  direct  profit  and  the  loss  on  tlie  other  eleven  in  tlie  twelve 
months  ended  June  30, 1575,  amounted  to  $480,174,  while  the  net 
loss  taking  the  balance  on  good  and  bad  together,  was  $195,698 
buch  figures  «eriously  affect  tiie  general  result.  Mr.  Jewett'a 
report  of  13th  May  last  omitted  from  the  estimate  of  "net 
earnings  of  the  nine  months  ended  March  31,  1875,  these  aud 
other  deductions  of  loss,  and  thus  probai-ly  an  erroneous  impres- 
sion of  the  actual  available  net  profit  was  unintentionally  pro- 
duced. Mr.  Jewett  gave  $3,163,454  as  the  net  earnings  of  these 
nine  months. 

.'»^*n^°"*'  interest,  as  claimed  upon  the  bond  debt,  is  stated 
at  $4,073,100,  and  the  anoual  burden  for  rents,  rent  charges  and 
leases,aac!aimed,  is  staled  at  $1,100,911,  or  a  total  of  $5,174,017 
*Q -^fy^n**^  ^"^^^  charge  as  against  the  estimated  net  earnings  of 
lf'Lo'5S^' °T''.r^V,°"'"'&  *  deficency  in  the  year  in  question  of 
!fl,4oa,409.  W  bile  the  three  principal  main  lines  of  road  in  com- 
petition  with  the  Erie— viz.,  the  New  York  Central,  the  Baltimore 
and  Ohio  and  the  Pennsylvania— give  balances  of  profits  varying 
from  34  to  40  per  cent,  of  gross  receipts,  the  Erie  would  appear 
only  to  have  given  21  per  cent.,  as  above,  in  presence,  too,  of  a 
not  inconsiderable  charge  to  "  construction  account."  The  charge 
to  "construction  account,"  or  "  capital,"  as  it  would  be  designated 
in  l!.ngland,  in  the  year  enied  June  30,  1875,  was  $1,003,397. 
1  hat  includes  $154,612  for  "steel,"  or  the  differences  between 
the  valne  of  iroa  taken  up  in  relaying  and  steel  laid  down  in  its 
place,  a  charge  which  it  will  be  more  prudent  to  debit  in  future 
to  revenue. 

Should  it  ue  found  possible  under  the  management  of  Mr 
Jewett  to  work  the  Erie  undertaking  at  the  rate  of  even  70  per 
cent,  of  outlay,  an  additional  net  profit,  without  any  increase  of 
the  quantity  of  traffic  and  income  obtained  or  of  the  rates  of 
charge,  equal  to  some  $1,600,000  per  annum  would  result, and  we 
shall  all  watch  with  anxiety  the  changes  of  managetn  nt  already 
hopefully  commenced. 

The  exceptional  gauge  of  the  railway  is  a  source  of  exceptional 
cost  in  working,  and  in  more  prosperous  times  it  must  be  gradu- 
ally converted  into  the  national  aauge  of  the  country. 

The  ledger  entries  necessary  for  constructing  a  balance  sheet 
taken  out  at  my  request  will  demand  your  consideration  and 
they  will  speak  for  themselves.  They  cannot,  however,  include 
estimates  of  the  probable  results  of  pending  or  proposed  litiga- 
tiona,  such  as  those  with  Commodore  Vanderbilt.  the  London 
Banking  Association,  Mr.  McHenry,  and  Mr.  Jay  Gould. 

In  the  present  state  of  the  credit  of  the  Erie  undertaking  it  seems 
to  me  as  impossible  as  it  would  be  unwise,  even  were  it  possible, 
to  endeavor  to  raise  and  remit  more  capital  from  England.  I  can 
recommend  to  yju  no  policy  but  that  of  self-redemption  ;  the  rail- 
way must  pay  its  debts  by  the  use  of  that  part  of  its  current  net 
earnings  which  the  courts  may  permit  to  be  so  appropriated.  If 
the  difficulty  had  been  fairly  looked  in  the  face  in  1872,  many 
unhappy  persons  would  have  been  saved  from  loss,  and  before 
now  discipline  and  economy  would  have  been  fully  established. 
Let  It  be  hoped  that  the  bond  and  stockholders  will  have  the 
courage  now  to  submit  to  a  period  of  self  denial,  and  will  consent 
to  pay  their  debts  and  complete  essential  obligations  out  of  avail- 
able net  profits,  the  bondholders  receiving  in  place  of  cash  such 
equitable  obligations  realizable  out  of  surplus  revenue  in  the 
future  as  each  according  to  right  and  priority  may  justly  claim. 

A  receivership  is  the  alternative  of  the  time;  a  foreclosure  has 
been  threatened.  If  the  latter  is  to  be  avoided  there  must  be 
co-operation  and  control  in  the  working  of  the  former.  A  receiv- 
ership worked  in  cordial  concert  with  all  the  honest  interests  in 
the  company  will  give  a  strong  hand  where  it  is  so  much  wanted 
and  will  enable  prompt  action  to  resist  intrigues,  as  well  as  to 
solve,  on  rigid  principles,  many  doubtful  obligations. 

Satisfied  with  Mr.  Jewett's  explanation  upon  this  question  of 
confidence  or  no  confidence,  discussions  between  us  have  pro 
ceeded,  and  I  h«ve  been  able  (more  recently  aided  by  the  sound 
and  mature  advice  of  Mr.  Morris,  your  legal  adviser,  who,  accom- 
panied by  Sir  Joseph  Heron,  landed  in  New  York  about  ten  days 
after  my  own  arrival)  to  ome  to  a  general  understanding  and 
agreement  with  the  receiver  in  terms  which,  I  hope,  may  meet 
with  general  approval.  Mr.  Jewett  cordially  adopts  the  principle 
thai  those  who  really  own  the  property  should  practically  manage 
It  through  their  own  representatives,  he  himself  being  one  of 
those  representatives,  a  trustee,  but  not  a  master. 
Mekobahddm  or  Ukderstatoing  bbtwkkk    Mr.   H.  J.  Jswktt   asd  Sir 

f^D  8?SoI^O^eL"^'     '""    S,n,M.SSIOK    TO    THS    COKMITTM    OP    BONB 

»,il;^„1!5f  Jk*"?  "'  *«  ^"j®  Company  having  confirmed  the  proposals  which 
were  passed  between  Mr.  Jewett  and  Sir  Edward  W.  Watkin,*^  as  detailed  iS 
the  correspondence,  the  three  nominees  of  the  bond  and  stockholders'  com- 
mittee proposed  by  Sir  Kdward  W.  Watkin,  and  who  have  been  invited  To 
itHeHT„''„i™,S''  'JT'^l,''"  i",  '"=  "^^''"'^  ^y  •"«  "oard  on  Thursda?  next,  pro- 
vided a  quorum  of  the  board  be  present,  and,  if  not,  as  soon  thereafter  as  a 
quorum  can  be  obtained,  and  should  the.e  three,  or  any,  or  either  of  them 
decline  to  act,  then  nominees  :o  be  selected  in  their  places  ' 

(2.)  Mr.  Morns  is  associated  with  counsel  for  the  receiver  and  for  the  com- 
Ke??'of  ^h"e'USk'fn'•g?"<'  '^""""^  ^  '""'  "'  "'^  P™'esslonal  agenuTd 

aitl  y?"*  ""■■  "f^^f"  ■;««>™menas  that  the  final  decision  as  to  a  scheme  for 
financial  reorganization  be  postponed  nntll  after  he  has  had  a  further  twelve 


October  23,  1876.] 


THE   CHRONICLK 


395 


■OBtha of  opportoBlty to tbow  to whrt •mnoot 5» «»*^:?i2L^,.°'5.'tJSi 

;!SSrtSrtSSrV»mJiIaf "^^  Vchema for  too  coi»ld<>r.tlon  of  the  com 
"JiTuUiMMdltoltoartrteotloo  »nd  ladldoat  expenditore  of  net  em- 


of  eaualtaiioa  emutotiiig  of  r«)r«Mn»ltT« 
!CnKir»k^ii^rj!!«^^(M  B^TBiMt  a>d  «rpiidl«iu»  of  aU  money* 

fkaTanekBaatdabMaathaeoan  may  Ofdar.  and  ««>co«piale  eaa«uai  ouiiaya 
oJ«S MMmiTaoasIiMmtlon  ol  art  eaniac*  m»jo  amwd  two  rear. 
S!LK2LTJSk    nSi^iSmlttaa  ao  o»«a».d  -  hatdn  JJ"^,^/;^ 


a;  hertafter  ba 


aadanMod  ttet  an  tolaca  harala  eootamplaud 

■aMtet  to  nieh  Jadldal  otdan  aa  haTa  baralorofa  bean  or 

T*  Mo*Gu7^!i:n,.nUof  «^  -rnlnn  •«>  «P«r-iSI5l5S  ^'?hJ{ 
mort  from  the  pr-ld.ni  and  r«eel»er,  lo  ba  t««ulart7  aabmitted  to  thai 

•UB  la  n*  to  tkatatarapraaparitf  ortb*in<artakia£.n<>der  an 

wSi  of  iLSmSSitm,  St  tbar«%liDaM  (a  aMWttuid  •uhhij  In  tba 
■SL«aMMoflEreSB|iw7.  TIU*caaoal7b«Mca«db7ao|>l'cinKtba 
^SScpn-ar  that  ulu«t  ba  aaed  to  forawr  djaaafcrn aad p°?ot.  tba 
daSKaloaMMa  paitlaa  lo  tka  prajadiea  o(  taM  JU>  tmMna to  the  •tock 
Mtbwgrfiymarr-T    U  la  laSraaTCr  Ja.i  la  priaovla  IbM  boadhDldera 

tta  MD«k  aad  toadbpUara  ab«)«I,  aad  alao  Is  tba  5"»21"«!?5l,^».SJ 
larlladaada^cad  lo  fha  Ui««»*»»»o'««<»»5^'»*^!?,H  "l!? 
v.tM.  •haaThUla*  •BiKhatbrr  B«aaa  ar  pafaoaaaalbaMldnpreMa- 


MvaruHM  aad  lo  vroaola 

flTTan'Khaaaaf  laaadal  laiaiaiilattoa  prarMoa  la  I*  be  made  for 
^SXtm^Smi^iSJlSXSSSo^^Sm^^ late  ■raar»o»,n  aa 
SaTSiaialtraaSMrttreaa  ba  oMafaMCar  tvMMk  "STSfT^.tl^ 

■  iiiliju  i_LMj_   iiiB  niaii  la  ibi  aliiiihiilllwaaliwa  aa^    —  r^ 

Ifea  (IIiBmi  cteaaM  la  lataraal,  llii  mlMlna  a(  rora%n  aUckboldcn  troB 

IhaboafdefdttaclontobalfeDaalblatapaalad  .      . ^ 

(UOBtbaabora  bjaU  Mr.Tawatt.  ",I»i^"«  "l.'";?!"  •?Tf'?3? 
■id  for  bU board  (aadartbe  bwrd  laaalaUoaal  Iha  M af  SaMwaber.  im 
S^IStfmZi  Sir  M.ard  Wattla^-bal-U  a<  lbae--rti|^^ 
aad  aBiWilfaw.  Kiaa  ta  nxpataia  un^fcar.  wWl  tba  Tlaw  'ln»*^^tjm 
■rta «B«a(tt*taw loaradlt.  aadof  pattiac aa  *Bd  to Ika parted  of  rccelTenbtr 
lamSSffSmdarSrwllladMll  Aj?'  "-"f  "^  Mlba  aacaaaltr  of  la*. 
adSSacof  aodlfrlaK.  by  l«cU  proeaea  or  by  «na— amaiit.  tba  nriou  l» 

imu^^TiS^^H^i^^r^  '•'«^  H.J.J.w.TT 

I.  W.  WAntui. 

WhstoTor  eooraa  ladfwMwl  ob  by  \h*  BuUah  ud  torsiicn  boa4 
aad  atoekhold^ra  irUl.  I  beliaTa.  bo  adopMd  la  tbo  Ualt^l  8t^ 
In  tba  fiU!  aplrit  of  oooporatloa  for  a  eoBmoo  obJocL  Tlia  bool 
aad  atoekboldrra  oo  that  aide  of  the  Atlaattc  ar*  Mjoally  •ooailito 
oa  tko  poiDt  of  diabooor  IdtoWkI  In  tba  poat  Erie  aaDaKemrBt, 
aad  tbe  oroaaisaUoa  in  New  York  of  Mr.  Hoopar  aad  othara  hm 
boon  diaaolrad  iritb  a  riew  to  avoid  tbe  alighMM  appwtrance  of 
antaaiTalaw 

Am  Ttmtmm  tka  uavilly  beary  few  aad  ebarna  attacbinK  to  a 
reealTorshIp,  I  bare  tba  pharate  lo  rtate  tbat  Mr.  JaiweU  doea  not 
eeataaiplate  or  Intaad  to  raealTO  tmj  ethmt  fiaaawiion  tbaa 
tbat  of  bia  aalarj  aa  praatdast  of  the  eompaay. 

Aa  inToatorj  of  tbo  wbole  property  of  tbo  eoiapaay  b  Id  oowaa 
of  prepaiBtloa. 

EaropMB  *  Marth  kmerieaa  UaUrmL—BAHtm.  Ma..  Oct 
30.— rboeoafnreDoe  ibiaeveninar  of  the  Uad-fcna*  boodboldara 
aad  of  tbe  flnatlDc  d«U  eradltora  of  tbo  Baropoaa  *  !(ortb  AmerW 
Oka  Railroad  adopted  tba  lo]lo«rlB(:  Tbat  tba  road  be  placrd  hi 
tbe  handa  of  the  traatara  of  Iba  eonaolidalad  mort«aco  booda;  tbat 
tbe  land  (rnnt  boudboldera  refksln  trom  foraeleanre  ;  that  cD'Uifb 
overdo*  and  acemlng  ooapooa  be  fonded  for  ten  year*  to  pr<-Ten'. 
tba  aaeriSoe  of  proporty :  alao  tbat  eoapooa  ba  aammarilr  fuoded 
to  prorMe  lor  9100,000  lo  ootea  on  tbo  PlaeataqaU  Branch,  aad 
tbai  th^  Ctly  of  Baafor'a  Snt  m«ft(a«  eooposa  bo  paid  Id  fall 
Tba  eoamhteo  oi  tba  ba«dhold«a  wtfl  topon  at  a  maatiog  of  tbe 
laMer  on  Monday  aftemoon. 

0— fgU  lUllnMli.— Tbe  foUowinff  trmlBe  ratnraa  are  pab- 
liabed: 

■vKlaMh     KoMMi.     Bftlittc 

^-•^g!!... ^^  ^T    ftS- 

>f  >».  m liM»         *••         '^J"*-^^.^ 

OMa  la  laptaaibar.  un $».«»» 

HaA^aataaddwf  bar.  ..    HUM 

r  Ika  #z  aaaiha aadiag  8apt  ao  tba  rtaalu  ware  aa  followa: 

■Hatan,     Kxu  iiawa. 
,•••«•«■«*•••■•*••••«•.•««■••••••«■••«**■•••••«••••  •JipiS  o^Wf^ 

!••■■.   ••■•■•«•.•••■•■«•••••■••#•'•«••*•*'*•••'*•***    ^ai^^w 

Oaialalta 

■adaetlaala  Wb 

Bhowlnir  a  irroaa  Rala  In  reaotU  la  tha  laMate  Boatba  amotmliair 

umallt  BlooaiagtMi  u4  WaiUrar-An  adjoaraad 
S  of  fliat  mortirace  eitoaaloa  boadboidaia  waa  beld.  lately, 
atMoktONaaaaa  atroet.  The  followlaK  toport,  alKBod  by  Joba 
C.  Ciaae.  Jeka  Gbalroo  and  F.  Sbepattl.  a  eonunlttae  of  tbe  bond- 
boldeta,  WM  adopted : 

Tonr  oooualttao  rayrot  tliat  thry  bare  aot  baao  able  to  obtala 
a»  dear  a  kaawladfa  of  tb«  affklra  of  tbe  CoHipaay,  in  regard  lo 
tba  aanloga  of  tbe  road,  aa  tbey  eoald  deaiia,  laaanaeb  aa  tba 
I  of  tbe  Indlaaapolia  Bloomin^o  and  >%eatora  Railroad 


bave  not  been  divided  and  separated  between  the  main  line  and 
the  exlenaioD,  but  all  have  been  kept  together.  The  only  Infor- 
mation in  regard  to  the  amount  of  separate  eamiogs  of  the  West- 
ern Extension  is  taken  from  the  report  of  the  receiver.  Gen. 
Wright,  fromJ)ec.  1, 1874,  to  July  1,  1875,  being  for  the  period  of 
■even  months,  viz. : 

Ofoai  earnlncs **•??'  " 

Knnalng  ezpenaes iBtVle  87 

Nat  eainings $<064  34 

Yoar  committee  are  ot  the  opinion  that  the  who^e  road,  lioth 
main  liue  aod  extension,  is  so  involved  In  heavy  funded  and 
floating  debt — the  latter  being,  without  question,  at  least  $3,000,- 
000 — tbat  a  mutual  soirit  of  conciliation  must  exist  and  compro- 
miaea  of  tbe  various  interests  mast  be  made,  before  a  satisfactory 
reanlt  caa  be  obtained,  and  for  that  end  your  committee  would 
looommend  to  tbe  bondholders  to  appoint  a  committee  of  three  of 
their  numl>er  to  meet  and  confer  with  the  several  other  commit- 
tees already  appointed  by  the  other  bonded  interests,  for  the  pur- 
poae  of  trying  to  arrange  an  amicable  basis  of  settlement  of  all 
difficnlties. 

The  committee  was  continned,  with  instructions  to  carry  oat 
the  recommendation  to  confer  with  tbe  other  committees  and 
report  to  a  subsequent  meeting. 

Indianapolis  k  St.  Louis. — It  is  reported  from  St.  Louis  that 
an  arraoKemeot  has  been  made  by  which  the  Indianapolis  ft  St. 
LonU  and  the  Vandalia  Railroads  will  pool  their  net  earnings 
after  tbe  Ixt  of  November.  It  Is  said  that  the  roads  will  main- 
tain separate  organizations,  but  tbe  net  earnings  will  be  divided 
in  prop<^rtion  to  the  value  of  the  stock  and  capital  employed  in 
ronniog  the  roada. 

Lonlsvllle  Cincinnati  k  Lexington.— Receiver  Olll  reporta 
aa  followa  for  September : 

BiriaaeaoabaadBapiemberl - ttSl.tW  18 

Baealpla  fraaa  all  aonrcM Ua.(W  M> 

Total  9MB,SM  OS 

Paid  oa  pay-r^  aad  voacbsit W,i40  06 

Bilaaosoa  bead  October  1 tlSt.nt  Ot 

Tha  expenditarea  for  tbe  month  were  $58,359  84  In  esoeas  ot 
tha  raeaipts, 

LMrisriUe  Padncah  Jt  Koathwestem. — Mr.  OuPont,  receiver 
of  thla  railroad  company,  has  died  bis  monthly  report  for  Sep- 
tember, aa  followa : 

aauauia  axn  nnanaaanTt  voa  sarrBiiaiB. 

nit  1    WiteBTnTa  bin  I    fAdlO  18 

ftaa  alatloa  ^ta<* HM  10 

traaeaadasSa , 9M  SB 

froaa  saadiy  ladivldaala  aad  eoapaalaa IJSl  84 

1  $88,401(7 

rsjatiai  ■iili  "fii'i'iiilliiiii'iiiiihB'i  iiiil  liiigTirt  rnT  rtfli daidK  U 

TisiSTTM 

•y  bshai  ■  na  iapcalt  to  cndtt  "f  B.  DaPoni,  leealrai,  fa 

Mattoaal  Baak,  as  per  aertldett*  of  caahtar lent  «S 

aad  aot  praasatod  for  paymwt 888  00 

flMTSM 

k  Tnuu>— A  St.  Ix)ula  despatch  says:  "  Wll- 

Uam  Bmrd.  rseelvar  of  tbe  MiMonri  Kansas  and  Texas  Railroad, 
•ad  E.  Trifgs  and  James  H.  Stehbtns,  from  PmIs,  Prance,  repre-  4 
■aatattvaa  of  tbe  foreign  bondholders,  have  ariTved  here  for  eon- 
■nltatloa  looking  tu  tbe  restoration  of  the  road  to  tite  company." 

MOBtelAlr. — Mr.  A.  8.  Hewitt,  the  trustee  who  boDgbt  in  tbe 
road  lor  aeeooat  of  tbe  boudboldera  at  tbe  foreclosure  sale,  having 
annooaoad  bla  wllllngnaos  to  torn  It  over  as  aoon  aa  he  waa  repaid 
tbe  loaa  wbleb  be  baa  laeanod  while  working  the  road,  the  bond- 
holders  have  agree<l  to  pav  tbe  amount,  about  $10,000,  and  also  to 
SHnme  all  outstaodiag  bills.  Mr.  Janob.  P.  Randolph,  President 
of  the  provisional  organisation,  now  baa  poMeaaloo.  It  Is  propos- 
a<l  to  iaaue  at  preaent  only  $200,000  oat  of  tba  $700/X)0  new  bonds 
aoiboriaed  to  repair  and  complete  tbe  road. 

N«W  Jersey  HMUfd.- There  have  beeu  three  plans  proposed 
for  tba  rtorganisatl^  of  this  oompaoy.  The  flrst  was  the  old 
plan  known  aa  tba  Bm  propoaiiion,  tbe  aecond  waa  proposed  by 
tbe  bendboldars'  aaPeiailun.  of  153  Broadway,  and  lately  noticed 
in  the  QBBOMICUt,  and  a  third  was  submitud  at  a  meeting  of 
boodboldara  on  Thanday.  Tbe  latter  was  propooed  by  Mr.  J.  N. 
BalasUer,  and  waa  adopted  by  the  meeting  after  aome  modiflca- 
tlooa  The  plaD  of  raorgaoisttion  provides  snbatantially  aa  fol- 
lows: (1.)  That  alter  tbe  foreelnaare  and  parcbaae  by  tbe  first 
mortgage  bondholders,  the  Board  of  Dlrect-irs  oi  the  new  com- 
paar  shall  be  authorized  to  contract  a  flrst  mortgage  debt  of 
9MOgB0V,  to  be  expended  only  for  the  pu'pose  of  putting  the 
road  In  complete  rnnnlog  orJer,  and  paying  such  lieosaaare 
prior  to  tbe  first  mortice  bonda,  and  equalizlag  the  funded 
mteraac  to  August  1,1874;  and  tbe  same  may  hn  increased,  with  tbe 
eooaant  of  the  bondholders,  to  not  exceeding  $1,000,000  in  all,  for 
tmptovlng  or  promotlog  its  terminal  facilities.  (2.)  That  there  ahal'i 
Im  laaned  to  the  holdera  of  the  preaent  firat  mortgage  t>onds,  new 
gold  bonds,  dollar  for  dollar,  having  thirty  rears  to  ruD,  bearing 
aeven  per  ceot.  intereat.  The  flrst  six  coupons  eiiall  be  cut  from 
the  same  and  be  exchanged  fi>r  atock.  (8.)  The  past  duo  coapoos 
ol  the  preeent  first  Uinrtgagi'  bonds,  with  tbe  interest  thereon, 
aad  tbe  said  six  eoopona,  witli  tbe  gold  premium  on  February  1, 
187A,  added  to  botb  ebMaes  ot  Mopona, shall  be  exebanited,  dollar 
for  dollar,  fur  capital  stock  of  the  eompany,  and  no  u.her  stock 
shall  be  Issued.  (4.1  First  income  bonds  shall  be  Issued  to  tbe 
holders  of  the  second  mortgage  Ixion^  lor  the  amount  and  In  lieu 
of  their  honda,  and  ilm  paat  due  aoA  unpaid  cuaponn  thereon. 
Whenever  tbe  net  anoual  earnings  of  tht  com|>an.v  sliall  exceed 
the  interest  upon  the  two  classes  of  bonds,  nud  seven  per  cant, 
npon  tbe  sforeaaid  capital  stock,  then  first  Inoon*  bonds  shall  be 


3^6 


Tfltt'di/ioNlCLE. 


lOctober  23, 1875._ 


entitled  to  a  dividend  of  tUe  surpluR  not  exceeding  seven  per  cent, 
per  annum,  and  each  scrip  Bball  ipecify  that  it  ig  redeemable  at 
par  at  the  pleasure  of  tko  company,  and  that  the  company  may 
redeem  the  same  by  installments  of  not  less  than  tea  per  cent. 
The  plan  further  provides  that  Scrip  No.  1  shall  be  issued,  dollar 
for  dollar,  for   the   liquidated   principal   of   the   third   mortgage 
bonds,  and  also  for  the  common  debts  of  the  present  company  ; 
that  Scrip  xso.  2  shall  be  issued  to  the  holders  of  the  present  capi- 
tal stock  to  the  extent  of  forty  per  cent  thereof,  in  exchange  for 
their  certiGcates  of  stock,  and  that  no  interest  or  dividends  shall 
ever  be  paid  on  the  f3,00O,OOO  mortgage,  unless  there  are  funds 
in  the  Treasury  to  meet  the  interest  on  the  prior  mortgage,  nor 
on  the  capital  stock,  unless  there  are  funds  to  meet  the  interest 
on  both  mortgages  ;  nor  on  income  bonds,  unless  there  are  funds 
to  pay  a  dividend  at  the  rate  of  seven  per  cent  on  the  mortgages 
and  capital  stock,  and  so  on,  according  to  priority,  on  to  Scrip 
No.  1  and  No.  2.     First  mort^Ee  bondholders  desirous  of  par- 
ticipating shall  deposit  their  bonds  with  the  Central  Trust  Com- 
pany, on  or  before  the  first  of  December  next,  together  with  one 
quarter  of  one  per  cent  on  the  amount  of  said  bonds,  in  cash,  for 
defraying  the  costs.     The  holders  of  second  mortgage  bonds  who 
desire  to  avail  themselves  of  the  provision  of  this  plan,  to  deposit 
their  bonds,  and  pay  a  like  sum  of  one-quarter  of  one  per  cent., 
on    or   before   same    date.      Any  balance   over  such   costs   and 
expenses  of  foreclosure  to  be  applied   in  settling  with  those  first 
mortgage  bondholders  who  shall  not  join  in  the  purchase  uf  the 
road,  and  the  remainder,  if  any,  shall  be  paid  into  the  treasury  ot 
the  new  company. 

New  York  City  Bonds. — The  proposals  received  by  Contmller 
Green  'or  $7,572,500  six  per  cent  bonds  of  the  City  of  New  York, 
payable  in  1878,  lb79,  and  1880 — the  proceeds  of  which  are  to  be 
applied  to  the  redemption  of  like  bonds  of  the  city,  which  will 
mature  Nov.  1,  1875,  amounted  in  the  aggregate  to  $8,393,000,  al 
prices  from  100  to  102.50. 

Ohio  &  Mississippi. — The  World  of  22d  inst..  says  :  From  the 
Auditor  of  the  Ohio  &  Mississippi  Railway,  under  date  of  19th 
instant,  we  have  a  comparative  statement  of  the  compauy's 
earcings  for  September.  The  comparison  shows  adecrease  of  over 
$52,000  for  the  main  line,  reduced  to  $12,695  by  earnings  on  the 
Springfield  division,  a  branch  upon  which  the  company  has  no 
interest  to  pay  for  a  year  or  two  yet.     The  figures  are  ab  follows  ; 

EARNINGS  OF  OHIO  AND  MISSIBSIPPI  RAILWAY  COMPANT  FOB  BBPTEMBEK. 

Wain  liuo  in  1874 $:531,66l  lH 

Main  Hue  in  1878 ^ $*79,587  60 

SpriDgOdd  Divl  1875 39,ti78  18— 818,9ti5  78 


TOTAL.  iaMIIN«S  r9B  THE  CUBSSNT   YIAB,   TO    OCTOBEB    14,  OOMPABED  WITH 
TH«  COBKBBPOMIIMa  P£BIUO  I.A8X  TBAR. 


ittm,. 

Freight $1,287,236 

I'assenf^rs,  local 487,004 

rnesengiirs,  foreign 441,871 

Mails 71.7i9 

KxpresB  freight 00,5.)6 

.Miacellaueoua 4,500 


1874. 
$1,814,760 
413, 47  J 

71.729 
B0,7J8 
4,6CO 

$«,868.87t 


ImreoM. 
$i3,531 


Decreaw. 
$537,&ai 


78,763 
'   "250 


Decrease  In  1675 $13,696  38 

Pacific  Maii. — Pacific  Mall  stock  has  advanced  on  the 
announcement  of  the  final  sale  of  the  line  of  steamers  running  on 
the  inland  seas  of  Japan.  The  directors  met  and  confirmed  the 
sale.  This  line  consists  of  four  wooden  side  wheel  steamers — the 
Nevada,  Qolden  Age,  Oregoniau  and  Costa  Rica.  These  are  old 
boats,  and  were  run  last  y<  ar  in  opposition  to  a  Japanese  line  at  a 
loss  to  the  company.  The  steamers  were  purchased  by  the  Miltza 
Bitshe  Company,  which  is  under  the  patronage  of  the  Japanese 
Government,  and  receives  a  subsidy  from  the  same.  This  company 
will  run  steamers  in  connection  with  the  Pacific  Mail  line  from 
,  San  Francisco  to  Japan,  and  pro  rate  on  equitable  terms.  The 
price  realized  by  the  Pacific  Mail  Company  for  these  steamers  is 
700,000  Mexican  silver  dollars,  which  will  realize  in  American 
currency  about  $800,000.  It  is  reported  that  some  of  the  Pacific 
Mail  Company's  real  estate  was  included  in  the  sale. 

— The  new  iron  steamship  City  of  New  York  has  reached  this 
city.  Her  keel  was  laid  Nov.  10,  1874,  and  she  would  have  beeo 
ready  for  service  two  months  ago,  if  it  had  not  been  for  alterations 
ordered  during  ronstruction.  She  is  353  feet  long  by  40i  feet 
wide,  with  a  depth  of  39i  leet  from  the  hurricane  deck  and  31  feet 
from  the  spar  deck.  Except  in  the  designs  ot  the  forward  cabin, 
she  is  exactly  like  the  City  of  San  Francisco.  Her  capacity  is 
3,750  tons  burden. 

Paciflc  of  Missotiri. — The  investigatioj^of  the  committee  of 
Missouri  Pacific  stockholders  into  the  Bfrai^L>f  the  company  and 
its  relations  to  the  Atlantic  &  Pacific  Ra^nad  is  not  finished. 
The  Atlantic  &  Pacific  officers  state  that  The  earnings  of  the 
Atlantic  &  Pacific  Railroad  Company  and  leased  lines  in  1875,  up 
to  Oct.  14,  have  been  $3,230,394  78 ;  for  the  corresp6nding  period 
in  1874  they  were  $3  907,025  43  ;  the  decrease  is  $676,630  65,  the 
Missouri  Pacific  decrease  being  $603,996  53. 

The  Treasurer  of  the  Atlantic  &  Pacific  Company  states  that  the 
cause  of  the  decrease  was  the  repeated  destruction  ot  the  crops  by 
the  grasshoppers  and  in  other  ways.  He  deprecated  the  statements 
rrttecting  upon  the  officers  of  the  company,  and  declared  that  they 
had  more  at  stake  in  the  enterprise  than  any  one  else,  the  Presi- 
dent of  the  Atlantic  &  Pacific  Compa,ny  having  not  only  the  bulk 
of  his  piivate  fortune  invested  in  it,  but  being  also  responsible  for 
$  1 ,000,000  of  the  company's  paper,  li;  is  stated  by  one  of  the 
officers  of  the  company  that  the  original  cause  of  the  depreciation 
in  the  Missouri  Pacific  stock  was  that  the  priucipul  holders  were 
erroneously  informed  that  an  important  tax  suit  in  the  State  of 
Missouri  had  gone  against  the  company  and  they  rushed  to  sell, 
throwing  more  than  10,000  shares  on  the  market. — N.  Y.  Tribune. 
— The  World  gives  the  following  earnings  for  week  and  season  ; 

COMPABATIVK    BTATEHBNT    OP    XABNINOS    rOR    TUB 
14,   1875.  »ND   1874. 

1675. 

Freight $46,757 

l'ii9H«iig<!i-o,  local 13,093 

I>axeuujcr!<,  (oicign 11,886 

Mails 1.S87 

Ex-prcs*  frclaht  1,475 

■I  oMlh  f.T  week  endliit-October  14 74,600 

TolalB  l8t  to  Octobe'' 71,807 

Totals  l8t  to  Octo*"  14    145,908 


Totals $»,«65,877  $2,868,871  $60i,»96 

Portland  &  Ogdensblirgll.— The  directors  of  the  Vermont 
Division  ot  the  Portland  &  Ogdensburgh  Railroad  have  contracted 
with  James  Hogan  &  Co.  of  Ashland,  Mass.,  icr  the  completion  of 
the  road  from  Johnson,  Vt.,  to  Lake  Chainplain,  a  distance  of 
over  40  miles.  Work  under  this  contract  will  be  begun  immedi- 
ately, and  the  road  ready  for  the  rolling  stock  July  1.  1876.  The 
completion  of  the  Vermont  division  will  open  the  entire  line  from 
.Montreal  to  Portland,  and  offer  to  travel  and  transportation 
another  through  line  from  the  Lakes  to  the  Atlant'c. 

— A  report  from  Davenport,  la.,  eays :  At  the  present  term  of 
the  United  States  District  Court  at  Des  Moines,  now  in  session, 
application  for  foreclo.sure  of  the"  mortgages  of  five  Iowa  railroads 
will  be  made,  and,  as  there  will  be  no  opposition,  such  decrees  of 
sale  will  be  issued.  These  roads  are  the  Davenport  &  St.  Paul, 
the  Builiogton  Cedar  Rapids  &  Minnesota,  the  Burlington  &  South- 
western, the  Chicago  Clinton  &  Dubuque,  and  Chicago  Duhuqua 
&  Minnesota,  in  all  over  1,000  miles  of  road. 

Rockford  Rock  Island  &  St.  Louis.— A  despatch  of.  October 
16,   from  Davenport,  Iowa,  to  the  Chicago  Tribune,  stated  that 
Mr.  H,  Osterberg,  reprebeutative  of  the  German  bondholders  of 
the  Rockford   Rock   Island  &   St.   Louis   Railroad,   and  Walter 
Trumbull,  of   Chicago,  have   been   in   this  city  tor  several  days 
conferring  with  prominent  capitilists  of  Davenport,  Rock  Island 
and  Moline,  in   regard  to   the   formation  of  a  local  company  for 
taking  the  road  aud  running  it.     Today,  articles  of  incorporation 
were  drawn   up  aud  a  basis  of  agreement  perfected.      Over  1,000 
shares   were   taken    to-day,  and   when    several  gentlemen  now 
absent  return,  it  is  expected  that  the  full  amount  of  $1,000,000  of 
stock  will  be  taken  right  here  in  this  section,  as  three  gentlemen 
have  expressed  their  intention  of  taking  $100,000  each,  etc.    The 
plan  agreed  upon  this  morning  is  as  follows:  The  company  will   j 
be  formed  with   a  capital  of  $3,000,000.    Ten  per  cent,  of  this  ( 
amount  is  to  be  paid  down,  which  sum  of  $300,OUOwill  go  toward 
paying  the  bondholders  for  the  money  expended  in  purchasing 
the  road  at  the  foreclosure  sale,  5  per  cent,  more  to  be  paid  March 
1,  1878;  5  per  cent.  July  1, 1876  ;  5  per  cent.  November  1,  1878  ; ' 
and,  after  that,  5  per  cent,  semi-annually  until  May  1,  1884.     As, 
soon  as  the  $1,000,000  of  stock  is  taken,  the  company  will   imme-| 
diately  organize  and  take  the  road.     The  most  prominent  names 
connected    with   the   new   enterprise   are   Lorenzo   Shricker,   of 
Davenport,  Captain  Robinson,  of  Rock  Island,  and  the  Deeres,  of 
Moline. 

— William  H.  Ferry,  Receiver  of  the  Rockford  Rock  Island  & 
St.  Louis  Railroad  Company,  has  filed  his  report  for  the  month  of 
September.    It  shows  the  following  statement: 

RECEIPTS. 

Balante,  AuguBt  1 $J6,B}8  16 

Cash  for  the  month 55,783  69 

Business  prior  thereto 61  11 

Total $S2,37«  96 

niSBCBSEMENTS. 

Pay-roll  for  AnguBt $26,783  30 

ScrTlces  for  receiver,  etc 2,566  40 

Rentals ...      2,632  63 

OthereipenscB 11,625  14 

Balance  on  hand  39,060  49 


EK     ENDIMO 

OCTOBEB 

1874.   , 

DtcreoM. 

$53,.'i76 

$B,«1S 

15.445 

2.W1 

ir),285 

8,899 

1,887 

1,475 

.  .. 

87,669 

13,068 

90^18 

178,187 

32,279 

Total $82,372  96 

Valley  (Va.)  Railroad. — Rockbrilge  county  has  agreed,  upon, 
certain  conditions,  to  a  dissolution  of  the  injunction  obtained 
some  time  since,  forbidding  the  issuance  of  bonds  of  the  county 
to  the  amount  of  $189,000,  a  portion  of  the  sum  voted  by  that 
county  towards  the  construction  of  the  Valley  Railroad. 

Mr.  Pendleton,  the  acting  president  of  the  road,  in  addressing 
the  Board  of  Supervisors,  said  that  he  desired  to  come  to  an 
understanding  upon  the  basis  as  pronosed.  The  county  of  Rock- 
bridge ta  dissolve  the  injunction  and  allow  the  bonds  to  be  used 
in  payment  of  the  contractors,  and  the  balance  to  be  held  as 
collateral  security  to  the  Baltimore  &  Ohio  K«i)  road  Company  for 
the  payment  of  the  notes  indorsed  by  that  company,  upon  which 
the  cash  was  to  be  raised  necessary  to  meet  the  demands  of  the 
contractors.  The  entire  indebtedness  was  $386,000  in  bonds  and 
cash, to  meet  which  there  was:  Rockbridge  bonds,  $189,000; 
Staunton  bonds,  $34,000;  Lexington  bonds,  $18,000;  bonds  already 
advaaced  contractors, $37, 500— total,  $268,500  ;  to  be  paid  in  bonds, 
^108,000,  leaving  a  balance  of  $160  500.  This  balance  is  held  as 
collateral  security  for  the  cash  notes  of  $145,000  indorsed  by  the 
Baltimore  &  Ohio  Company,  whohave  guaranteed  the  Rockbridge 
bond8;8t  eighty  cents,  and  they  could  not  be  sold  for  less. 

President  Garrett,  of  the  Bait  more  &  Ohio  Company,  had  agreed 
that  his  company  would  endorse  the  notes. 

Wegt  Wteeonsin. — The  bondholders  in  London  held  a  meeting 
lately  and  received  a  report  of  their  committee,  in  pursuance  of 
which  the  latter  propose  to 

"  Receive  the  bondB  of  puch  holders  as  will  co-operate  with  them,  and  to 
issue  in  exchange  negotiable  reeci^ls..  As  hohlers  of  the  bonds  they  will  be  able 
to  act  In  the  United  Mtales  on  be'ialf  of  the  bondholderi",  and  will  obtain  the 
BcrviceB  of  experienced  and  trust-warlhy  counsct  to  lake  eneh  stepH  as  mav  be 
necessary  in  tne  bondholders' intcrestB.  Uwill  be  necessary  to  raise  a  fund 
fur  this  purpose,  and  the  committee  ask  fvntsuhscription  of  V  per  cent,  on  the 
nominal  amonnt  of  the  bonds  deposited  (that  Is  £1  for  each  .tiOO  or  $1,000  bond), 
and  an  engagement  to  make  further  contributioi.e  not  exceeding  an  addi- 
tional Xyi  per  cent,  as  necessary." 

A  trust  deed  to  carry  out  the  ptirpose  of  the  committee  has 
been  prepared,  and  copies  ot  it  and  other  information  can  be  ob- 
tained of  Messrs.  Naylor  .  &  Co.,  of  New  York,  o:r  Naylor,  Benzon 
&  Co.,  of  London. 


Odt^bar  23,  UIS.J 


THK  CipjONAGiJl 


397 


$l)e  4lommcrcia(  $  tines. 

(COMMERCIAL  EPITOME. 

FuiDAT  NioHT,  Oct.  22.  1875. 

Ganenl  tnde  bM  been  qnite  modermie  this  w«ek,  bat  »ppcuU- 
tioB  has  Maamed  pbasos  of  Bume  Importance,  ioasmoeb  aa  ii  haa 
bMa  puabed  bejood  its  oi^linaiT'  ebaraeter,  and  Vas  partakno  of 
tbal  form  wbicb  is  described  as  "  eoroerini;  the  aborts."  Cotton 
and  lard  have  be«D  most  eoDspicuouii  )n  tbi«  sort  of  operations, 
bat  the  same  spirit  has  been  felt  more  or  less  in  the  market  for 
other  ataplfi*.  Wiib  the  freer  moremsDt  of  the  crops,  tbe 
eoiMtry  U  In  better  position  to  supply  its  needs,  bat  the  spirit  as 
well  as  tka  neoessitj  fur  economy  Li  everywhere  prevaleat,  and 
eoafidenoa  is  not  saffideatly  restored  to  promote  activity  in  trade. 
Tbe  facility  with  which  goods  may  be  ordered  by  telegraph  and 
forwarded  by  rail,  preveois  the  retara  of  those  aetiT*  "seasons" 
which  ware  once  regarded  as  essential  to  a  (rood  year's  business. 

Mess  pork  has  been  lower  at  $'3I  l^Miiil  73  cash  and  teller 
Uctober,  but  closes  steady  at  these  figures  ;  tbe  new  crop  qaoied 
at  $20  V)(>>30  7.'>.  I^ard  bas  been  irregular.  Bpeculatire  manipa- 
lallon  baa  carried  contracts  for  OetolMr  to  14  TlfSc.,  while  prima 
■old  on  the  apot  at  14(|cl4ie.  for  new  aad  oU,  and  the  close  was 
HMber  spMdesi  at  those  Bguree.  with  contracu  for  Norrmber  at 
t3  7-I6e^ifad  for  Deoniber  at  12|c.  Bs'wn  has  broaght  14i<(l4ie. 
for  city  long  clear,  bat  cloaas  dull.  In  cut  meota  Um  principal 
movement  has  beaa  la  pickled  rib  bellies  at  U^^Sie.  It  ia 
tboutrht  tho  nambar  of  swlae  slaaghiered  next  snasrtn  will  fall 
oft  lilt  >  13  par  cent,  hot  that  their  weight  will  ba  heavier.  Beel 
of  tbe  new  packing  la  eoming  forward  and  selling  fairly.  Tallow 
has  decliaea  to  10c.  for  prime.  Butter  has  been  drooping.  L'lieeso 
ta  barely  ataady,  aad  aiosea  dall  at  18i^l4&  lor  prime  to  cboiaa 
faetorlee. 

Coffee  la  sgaia  ie.  lower  for  Rio,  and  quoted  at  VkaSiie  .  cold,  fot 
fair  to  prima  sargoes.  The  stock  at  this  market  has  increased  to 
7«.0<IO  bags,  and  tba  visible  supply  to  176  000  bags.  Mild  Kradca 
arn  without  quotable  decline  ;  stocks  on  hand  aia  31,127  bags  aad 
42.';'>t  iiiau:  Java,  24;^2Sc.  and  Maracalbo.  aO^aSoL,  gold.  Ki«a 
baa  been  dull  for  foreign,  while  domestic  has  ittrliatil  Itii^c.,  Is 
view  of  tbe  tzrv  au^plici  oomiug  lorwanL  Ifolasaaa  has  beea 
qaiet  and  UDrlianged.  Sugars  have  been  moraaetlva  for  raws.oi 
tbe  modifleatioo  ol  tbe  order  meotioaed  la  oar  last,  9o  that  tin 
fofiaer  drawback  vrtll  be  allowed  on  the  export  of  reflaed  uodei 
old  conlraeta,  bat  refined  baa  decllacd.  Kalrtogeod  r<-Kaia( 
Cuba  quoted  at  7t''f6c.,  and  sUndsrd  crashed  lie.  Teas  have 
I  more  active  at  some  further  decline.  Layer  rrfains  at  fQ  90 
33  have  met  »Uh  a  steady  trade.  Corraalaars  lower  as4 
I  active  at  7c.  Prunes  in  good  demand  at  9^390-  for  Turkish. 
There  is  a  better  sopply  o(  foreign  grern  fruits  at  lowi-r  vrirnt. 

Kentucky  tobacco  has  bei-n  dull  and  uncUan^tKl  at  7i<('>)r.  for 
hi;:*  andft4'J0c  for  leaf;  the  aalaa  lor  the  waek  embraced  MO 
lilid».,of  which  2U  wore  for  osport  aad  IM  for  eowmmptioa^ 
't  here  haa  bean  a  moderate  deoiaad  for  aaad  leal,  and  qaoiatioa* 
ara  about  atady ;  Iha  Mica  embiMsd :  crop  of  1870^  78  «<aes  O 
oaurivatotMrnaiesapof  1873.  Ittcaaeedo,  at  8ie. ;  atop  of  : 
■M  1873, 100  case*  Paaosylvaoia,  at  ISc.;  crop  at  WIS,  M 
Ooaaeetlest,  at  8le..  180  cane  Peaasyl vania. at 7R.  MIeaaw  OUI 
at  ll...l7tc.  for  wrappers:  crop  of  I'^rj  and  1871. 158  cas>«  Wis. 
ronain,  at  Ofo^ic  :  and  crop  ol  1874,  271  cases  Conar<-ti<  a:  and 
Msasachas«tta  at  7|r''l7c .  sod  21  cases  New  York  at  7t<-  :  ala« 
400  casrs  •an<lry  kinds  at  7Mi''t3c.  Hjianish  tobacco  has  pnitined 
■lead  T  w  1  r  I.  I  moderate  busineie ;  tbe  saioa  wars  300  bales  Havana 
>od  00  bales  Vara,  saeoAd  eat,  ea  prtvau  terms^ 
•  a  a  steady,  nioterate  movemaot  In  aaval  storey 
aoil  liuuutiotw  have  been  firm,  nader  stmBg  Boatbsra  adri 
siraiDw)  to  good  strained  roaln  'loaea  at  |1  n^%\  03,  and  spii 
tarpentior- •>'  '"  '■;•■,  In  p«-troleam  little  or  notblag  hai  ' 
doo«.  and  *l  ollbrlngs  to  srll   have   weakened  pri/^s  t* 

\»\e.  for  r. :.:.   i^bls..  sad  0|e.   for  crade  ia  balk  ;  tbe  expoA 

demsnd  at  pfsaeai  ts  very  light.  logot  aappsr  ahowa  aa  locreMiA 
activity,  part  for  forward  delivery,  aad  prieeaara  very  steady:  nlik 
of  SUU.UIO  Ibe.  Uke  st  2.3i<.>£)ic..  cash.  American  pig  Iroo  It  all> 
onaattled.  wlib  reported  rain  to-day  of  900  toaa  No  1  at  f^4^tH 
600  tone  So.  i  at  ftt,  aad  1,000  ions  Gray  forge  oa  (>' 
qootcdatMOMt.    Hoaa  are  selling  pretty  Maadlly  •  ■  >r 

State  and  CaVbrala  187$'a  la  w.»l  a  fair  trade  is  u.,u^  ■ujo; 
and.  as  a  rule,  ataady  prieeaareebisined,  Texas  being  an  exoeptiori, 
which  is  rather  weak,  wltk  a  large  stock. 

In  ocean  a  steady  bnaioeaa  has  been  doae.  la  boll  i 

birth  and  >  :i,aod  ratea  have  been  well  mainuiaed  ai 

all  das.*-*  «'  mer.iiaiidlas  ;  iha  ofTeriags  of  sieaaMr  room  ai  i 
rather  light,  while  ehartar  room  Is  la  good  itipply.  Late  engag^ 
rooau  and  ebartsrs  inclade:  Oiaia  to  Liverpool  by  ttea^, 
Of^lOf;  oottOB7-19..<id,;  provlatoM  di«4S&  pirtoo ;  gra.n,  by 
sail.M.;  grain  In  London,  by  steam.  N.  aad  loar  at  3-<  Sd.- 
giaia  V>  aiasgow,  by  stoam,  lOjjIOJ  I. ;  do.  to  Cork,  for  ordera. 
As.  3df)0a.  0<l.:  do.  to  Havre  or  Antwerp,  fla.  1^^4a.  8d  -  do  to  te 
Bristol  Channel  3s.  OdtMj.  Bealdaua  to  Liverpool,  Se.  ,  erm^ 
petrnteam  to  Havre  or  Uankirk,  4s.  7^. :  mse  oil  to  Odama,  8U, 
gold.  To-day  there  was  only  a  modarala  movaaaat,  but  raldi 
rmalMd  firm.  Orain  to  LIvarpooi.  by  ateaai.  Oi^lM.,  otto* 
(throogh  rtetgbl)  at  It  .rrala.  bf  atil,  Ud. ;  toar  to  London,  )» 
•»''•  *•  '*<«•;  4'*  for  orders.  Ga.  Od. ;  taflaed  pnrol     '  ■* 

toBelte<t,4s.»l  r»sate,«s.8d.;eradado.fiwi 

to  Xarsellles  or  Cette,  Oj. 

Uaaeed  ail  baa  beea  In  fair  jobbing  deisaad  aad  steady  at  SOA 
38e.  Crade  Bsb  oiia  have  beea  quiet  aad  aaehaagad.  Hid«a 
•TJ"  ^  '•*5!r**'^»"*  P****"  •»»»«  •Mady;  diT  Monte. 
video  asM  M  sag.  goM,  fiMr  moMha,  aad  city  aiaaghtar  ox  Me. 
oirraocy.  ^ 


*jy'f'*^¥"l'npor(atio>uoirDn  Ocoib,"" ImporU  qf  LtaiUng  ArOeUt," 
'**^'«y^gy«y  fmluet."  and  "  Ki^arU  qf  Leading  Ar.Uln/nm.  Hew 
Tort,"  wiu  tH/ouad  on  a  n6f»jmtit  pan*.) 

COTTON. 

Fbidat,  p.  M.,  Oct.  23,  1875. 

TlTK  MovBMffST  OF  THE  CROP,  as  indicated  by  our  telegrams 
from  the  SoutU  to-night,  is  given  below.  For  tho  week  ending 
this  evening  (October  83)  me  toUl  receipts  hare  reached  147.343 
bales,  agninst  187.438  bales  last  week,  109.403  bales  the  previous 
week,  and  80.808  bales  three  weeks  since,  making  the  tt>tal 
receipts  since  the  1st  of  September,  1875.  570..3.S2  bales,  against 
900.701  bales  for  the  same  period  of  1874.  sliowing  aix  increase 
since  Sept.  1,  1873.  of  6a.88t  bales.  The  details  of  tho  receipts 
for  this  week  (as  per  telegraph)  and  for  the  corresponding  weeks 
of  five  previous  years  are  as  follows: 


Bacelpu  this  we«k  st— 

un. 

1K4. 

1813. 

If  71 
30.078 

ic.sa 

14,080 

88.&5S 

f>..8«» 

8.880 
SCT 

8,418 

14,TM 

9*4 

18T1. 

1870. 

Hew  Orleans 

JB.M3 
U.4M 
l«L934 

1,811 

4M* 

118 

«.e5« 

19.881 
7W 

i^ 

11.618 

I.JM 

si.tn 

ueis 

au 

<.8U 

S.1W 

11,388 
1.108 

ti,OU 
8,94i 

[  1«.«*8 

«.7a8 

t,96i 

<U 

81* 

1.611 

U,SM 

1.818 

83,881 
18.180 

18.501 

lS,ttl 

6,140 

<sto 

174 

i.88a 

18,888 

»,sr4 

10.6M 

MoMto 

Otairlsstna     

FBrtBeyal.  Ac... 

■avsaasb 

Oatvattaa. _.... 

laHl^jnfc^  Ae«.,, , 

VImlds.....    ««......., 

north  OfesotiM.. 

CHyHrtiii!.'.'."!"! 

10.605 

a8,ftU 

1,784 

3,817 

108 

8.908 

}    8.838 

Tatdttiswesk 

UT,S4S 

in.rt 

leiikm 

118,1*8 

tl.SM 

8S,933 

TBlslaiaFcSept.1.... 

SMxan 

800.701 

8«t.rs 

SiCtl* 

808.038 

8S8.M8 

The  exports  for  tbe  week  ending  this  evening  reach  a  total  of 
38,879  baOes.  uf  which  28.38-3  were  to  Oreat  Britain,  308  to 
France,  and  0,8M  to  rest  of  the  Continent,  while  tho  stocks  as 
nude  up  this  evening  are  now  3.34, 3.S1  bales.  Below  are  the 
slocks  and  exports  for  the  week,  and  also  for  the  corresponding 
week  of  last  season: 


roleafi 
tlmota 


Wetkeadlag 
Oeca. 

Ixporlsdto 

ToUl 
Uls 
week. 

Same 
wesk 

1874. 

Stock. 

Qreat 
Bfltala. 

Vraaee 

COBtl- 

aeat. 

1675. 

1874. 

ItSwOrtsaai 

MeW* 

Cbarisstoa. 

aavaBaah 

OalT«««aB.  „  .... 
Hew  Totk 

8.8t« 

8.«a 

T.tfl 

a.ott 

7.018 
M,1IB 

888 

~m 

1,060 

<,80» 

vs> 

8.888 

t.ll* 

4J8* 
i83S 

T.tM 

6,SS4 

970 

MjaB 

8.107 
88.n« 

14.188 

6.488 

18,11* 

SSS 

18.SB7 

8.004 

100.496 
16.387 
46,47« 
64.88* 

49,001 
44,668 

S7.6I6 
17,468 
41,019 
30.180 
83.681 
68,6(8 
48,000 

Total  thiswesk.. 

80,808  U4,sei 

S14,6U 

.... 

Te«ali(assSsa*.l 

101.818 

UkT* 

4\07r 

188.888 

18;.806        .... 

•er«s~iMlBds (ram  Baltimore 
Xlvs^ools 


'  •Jks«Bst«siai>*eakaa«srtkskss«e(' 

I.W««a{eileOiieiisi  t—m  ■— toe  aj«  hales  le  Uvwroolk  (rsa  PhllaMplil* 
IMSlpleito  UTvrpool.  v 

Oar  tolegrsm  from    New  Orleana  to-nlgbt  shows  that 

the  above  asportathe  amount  of  eotton  on  shipboard,  and 

aagaged  for  sblproeat  at  that  port,  I*  aa  (allows :    For  Liverpool, 

MfUm  balee:  for  Havre,  14.000  bales:  for  Coatinent,  17,000  balee:  for 

coastwise  ports.  13.000  bales:  total,  60,000 bales:  wbicb,  if  deducted 

from    tbe    stock,   would    leave  40,300   bales    repreaenting   the 

^aaatity  at  tlia  laadtaff  aad  la  praaaea  aoaold  or  awaiting  ordera. I 

Flam  the  foragolag  statemaot  It  will   bo  seen  that,  omipared 

«itk  the  eorrsapoadlag  week  of  last  season,  there  is  a  dtcrtiue 

la  Iha  exports  thia  week  of  It.sit  Iwles,  while  the  stocka  to-night 

ara  aOMO  balca  oasrs  than  tliey  were   at  this   time    a  year  ago. 

The  following  Is  oar  usual  table  showing  the  movement  of  cotton 

at  all  tbe  pirts  from  Sept.  1  to  Oct.  13,  the  latest  m\il  dates: 


PORTB. 


N.OitM 

■sMIs 


fWUa. 
N.  Oaratlaa 
Notfolk*  .. 
Olbsrport* 

Tot.  this  yr. 

■T°*-»*strr. 


saoBjrTS 

IBOS  OSFT.  I. 


irs. 


88.804 

37.881 

88,1! 

60, 46* 

6t.l 
4.130 
I.1I7 

ii.tn 
S6.ua 
8.TU 


49t,8r 


1874. 


14,8 


*r,«» 

60.717 
41,193 
6,818 

1.1 
811 


8,710 


871783 


Oraat 
BriUbi 


yraoee 


Other { 
rorcl'al 


TSUI. 


tl.6U, 
8.818 

8.018 

8,l« 

4,0*1 

•  1.840 


Km 


9, 634 


n,r*t, 


8,K* 

8.8B0|     1.918 
8,0J0{  13.860 
I.IHj 


1S.19I; 

4.8hS 


•Mao 


8.801 


1J80 
n.4t8 

«,9S8 


9,061 


8S.Mll 
"  8.8861 


194,101 
107.144 


Coast- 

WiH 

I*oru. 


18,076 

80,800 
88,SSi 
88,780 
8T,74» 

1,117 

9,817 

49,98' 

l»).9r. 

178. 4K- 


atoek. 


•4,786 
14,487 
41. SSS 
48.B3I 
«8.r«1 
40,034 

8,41S 
8,173 
11,700 


88V008 


880.88:1 


■OadsrthalMader  caariMteelslastaSadPort  itoral.  Ac:  noder  tta  Head  tf 
g^mtmt  u  IseiailaS  IaSlaMi«,*s.t  aaSor  tka  hcul  of  .Vor/alt  U  Inelml*!  Cliff 

Theae  mail  ratanu  do  not  oarrsapond  preciselr  with  the  total  o^ 
tfaa  telegraphic  figarea,  because  in  preparing  tliem  it  Is  always 
aaeeaaary  to  incorporate  every  oorreetioa  made  at  tbe  ports.         / 

The  market  for  e-Htoo  tbe  past  week  haa  been  lois  buoyaiy. 
aad  prices  have  fluctuated,  spots  closing  last  evening  below  ^e 
previous  Friday.  Oa  Monday,  however,  with  a  strung  efforf  to 
"eomer"  tbe  market  for  November,  qaotalioos  were  adva<«d 
Q-lOo.,  to  14  7-lOe.  for  nlddlia^  Uplands,  bqt  thera  woo  a/Oick 


398 


THE   CHRONICLK 


[October  28,  1875. 


Lowest  on 

Highest  on 
MondsT. 

Closing  on 

Satarda;. 

Wednesday 

HM 

UK 

14  3-ie 

ISX 

13% 

IS  15-32 

13  16-32 

UK 

18  932 

la»-l« 

13X 

18X 

13X 

14 

18X 

18  15-16 

14  8-16 

18  11-16 

14X 

14  18-82 

tVA 

14  5-16 

14X 

14  8-82 

reaction,  the  advance  beingloat  on  Tuesday,  and  a  farther  decline 
o(  Jc.  being  recorded  on  Wedneeday.  The  export  demand  hae 
been  interrupted  by  simaltaneoaB  decline  in  gold  and  exchange, 
a  decline  in  the  Liverpool  market,  and  continued  scarcity  oif 
freight  room.  The  decline  on  Wednesday  brought  out  a  better 
demand  from  home  spinners,  but  as  a  rule  cotton  on  the  spot  has 
been  quiet.  To-day,  the  market  was  fairly  active  for  consumption 
and  l-lOc.  higher.  For  future  delivery  much  excitement  has  pre- 
vailed. The  fluctuations  have  been  wide  and  frequent,  and  as 
they  are  not  fully  represented  in  our  table  of  closing  prices,  the 
annexed  exhibit  is  compiled  : 

Closing  on 
t  May. 

ForOctober 14  15-82 

ForNovember 1829-82 

ForDecember 18  18-16 

For  January 18  15-lC 

For  February  14K 

FurUarch 14616 

For  AprU 14  15-82 

ForMay 1421-32 

The  pressure  upon  parties  who  were  "short"  for  October 
seemed  to  have  abated  at  the  close  of  Monday's  business,  and 
since  then  this  month  has  been  neglected.  Yesterday,  however, 
there  were  indications  that  an  attempt  would  be  made  to  manipu- 
late in  a  similar  manner  the  contracts  for  November,  and  that 
month  advanced  Jc., -while  the  other  months  were  only  l-16@ic. 
higher.  Crop  accounts  for  the  past  week  have  on  the  whole  been 
satisfactory,  and  receipts  at  the  ports  have  continued  to  show 
more  increase  over  last  year;  but  legitimate  influences  have 
received  little  consideration.  To-day,  there  was  a  further  advance 
of  l-16c.  at  the  opening,  but  in  view  of  the  decline  in  gold,  and 
free  receipts  at  the  ports,  the  advance  was  soon  lost.  The  close, 
however,  was  at  some  recovery,  and  after  'Change  there  were 
sales  at  14  13-33@14  7-16c.  for  Oct.,  13  13-32c  for  Dec,  13  13-16c. 
for   March,   and   14c.    for   April.      The  total   sales    for   forward 

delivery  for  the  week  are  225,400  bales,   including  free 

on  board.  For  Immediate  delivery  the  total  sales  foot  up 
this  week  5,853  bales,  including  550  for  export,  4,002  for  con- 
sumption, IJJOO  for  speculation  and in  transit.     Of  the  above, 

800  bales  were  to  arrive.  The  following  are  the  closing  quo- 
tations : 


moouao  uflutds— axcbioxh  OLasaiirnATiox. 


New  Classification. 


Ordinary perl 

Strict  Ordinary 

Good  Ordinary 

Strict  Good  Ordinary 

LowMlddllne 

Strict  Low  Middling 

Middling 

ftood  MlddllnK 

Strict  Oood  Middling 

Middling  Kalr 

Fair 


.  12  1-16  a.... 

.  12  9-16  ».... 
.  13  S-16  ®... 
.  13  9-K  ®... 
,  UH  »---■ 
,  14  1-16  ».... 
.  14  S-16  ®... 
.  14  7-16  «... 
,  14  11-16«.... 
,  15  1-16  &.... 
.  16  1-16  ®.... 

8TA1NBD. 

Good  Ordinary 12  5-16  i  Low  Middling. 

atrlct  Good  Ordinary  13  S-16  |  Middling 


Uplands. 


12  1-16  ».... 

12  9-16  ®... 

13  3-18  @.... 

13  9  18  (»... 

14  @..., 
14  3-16®..., 
14  5-16  0... 
14  S-16  «..., 

14  lS-I6a.... 

15  S-16  ($.... 

16  3-16  ®.... 


New 
Orleans. 


12  3-16  a... 

12  n-16®... 

1S7-16  ®  .. 

IS  '.s-i6a... 

14V        ®... 

14  7-16  a... 

14  9-16  ®... 
■A  13-16SS... 
19  1-16  «... 

15  7-16®... 

16  ;-:t  ®... 


Texas 


12  8-16  ®... 
12  11-18»»... 
IS  7-16  ®... 
IS  1S-16(»... 
;4X  ®... 
14^-16®... 
14  9-16  ®... 

14  13-16«... 

15  1-16  ®... 

15  7-16  «... 

16  7-16  «... 

13% 

....  13  9-16 


Below  we  ffive  the  sales  ot  spot  and  transit  cotton  and  price  ol 
Uplands  a,\,  this  market  each  day  of  the  past  week  : 


New 
CiasBlftcation. 

Bap't. 

'stio 
'aio 

Saturday  

Monday 

Tuesday 

Wednesdaj.... 

rnursday 

frlday 

Total 

550 

Con-  Spec- 
uta'n 


425 
S55 
340 

SS3 

B17 

1,232 


4,002 


200 
265 


Tran- 
sit. 


510 

i,un 

340 

l.-'as 

1.032 
1,620 


Good       Low      Mld- 
Ord'ry  Ord'ry.  Mldl'g.  dlln- . 


5.852  I 


12  5-16 

12S< 

12 

n 

12  1-16 


13k 

137-16 

18X 

ISX 

ISH 

13  S-16 


13  15-16 

13  15-16 
-.3  13-16  14K 
13  13-16  H% 
lajt  14  3-16 


14k 
14  7-16 
14!< 


For  forward  delivery  the  sales  (including  free  on  board, 

have  reached  during  the  week  225,400  bales  (all  middling  or  an 
the  basis  of  middling),  and  the  following  is  a  statement  of  the 
gales  and  prices 


For  October, 
bales.  ow. 

3,000 1*H 

iflW "5-32 

100S-n.--|;4  3.16 

Soo::;::::..u7-32 

4,900 14k 

600 14  9-32 

aUO 14  5-16 

61.10 14% 

TOO 14  13-32 

IJOO 14  7-16 

iSSa 14  15-32 

1,400 14S 

400 14  17-32 

7U0 14  9-16 

300 14X 

100 14  21M2 

19,400  tot.il  Oct. 

For  November. 

500 13  9-32 

2,800 ISH 

6,900 13  13-32 

2,400 13  7-16 

2J00 13  15-32 

3,300.... 13H 

2,100 IS  17-32 

8,800 13  9-16 

4,500 13  19-32 

4,90(1 13X 

5,600 18  21-32 

2,300 13  11-16 

900 13  23-32 

l,0a0 13SC 

1,100 13  25-32 

1,700 IS  13-ie 

2,400 13  27-32 

80O 13X 

54,200  toUl  Not. 

For  December. 

«00 13  7-32 

«» 13H 


bales.  cts. 

2.40U 13  9-32 

3,400 IS  5-16 

6.IJ00 13  11-32 

1,30U ISJfc 

1,200 13  13-32 

2,000 13  ;-lii 

500 !3  15-32 

500 ISX 

3,400 13  n-3i 

2.^U0 13  »-:6 

4,800 13  19-32 

l,!i(JO 13X 

20U 13  21-32 

1,200 13  11-16 

l.IOO  13  23-32 

200 13V 

300 13  25-32 

600 13  13-16 

37.800  total  Dec. 

For  January. 

200 13  5-16 

3,100 13  11-32 

10,400 13« 

3,900 13  l.S-32 

4,300 13  7-16 

8,300 13  15-32 

5,000 18X 

3,000 :S  17-32 

l.UOO 13  »-i6 

500 13  19-32 

600 18X 

700 IS  21-3^ 

8,200 13  11-16 

],-200 13  i3-3-; 

1,300 13X 

1,100 13  25-32 

'600 13  13-16 

1,000 18  57-32 

600 13X 

55,900  total  Jan. 

For  February. 
1,900 13  15-82 


bales.  cts. 

.3,600 ISX 

2,100 13  17-32 

500 18  9-16 

1,800 18  19-32 

2,900 13H 

300 13  21-32 

900 ;3H-:6 

200 13  23-32 

700 ISX 

200 13  2>32 

300 13  27-32 

1,300 .-...13H 

800 13  29-32 

600 1315-16 

700 13  31-32 

90U 14 

600 14  1-32 

1,600 14  1-16 

200 14  3-32 

600 :4X 

22.400  total  Feb. 

For  March. 

1,0011 13  21-32 

1,600. 18  11-16 

700 13  23-32 

6U0 ISX 

600 IS  25-82 

2,100 13  IS- 16 

iU) 18  2J-32 

1,100 18K 

100 13  29-S 

500 13  15-16 

500 18  3132 

700 It 

300 14  1-32 

800 14  1-16 

600 ,  ....14K 

600 ...14  S-16 

300 14k 

12,200  tottil  Marcb. 

For  April 


18X 


bales.  ctB 

300 13  29-32 

100 IS  15-16 

800 18  31-32 

2,900 14 

200 14  1-32 

100 14  1-16 

200 14  3-32 

lOO 14k 

8,200 14  7-^ 

1,000 14k 

2,30U 14  9-32 

1,100 14  5-16 

100 14  11-32 

2.000 14^ 

15,300  total  April. 

For  May. 

300 14k 

700 14  3-16 

100 14k 

20O 14  5-16 

1,700 14X 

1,400 14  7-16 

700 14  15-Si 

900 14X 

100 14  17-32 

100 14  9-16 

6,200  total  May. 

For  June. 

100 11  9-32 

800 14  516 

500 14  11-32 

100 14  1532 

600 14  19-32 

100 U% 

100 14  23-3:i 

1,300  total  June. 

For  July. 
200 14X 


Frl.  Bat.  Mon. 

On  spot Uk  l*k  14  7-16 

October 14  15-32  14  7-16  14^ 

November 18  29-82  18  21-32  18  21-82 

December 1118-16  13  17-82  '.8  l'-32 

January 13  15-16  13  21-3!  18  21-Si 

Febmary :4k  IS  •2;-32  18  13-16 

Marcb 14  5-16  14  1-32  14 

April 18  5-32  14  7  8i  14  8-16 

May 14  21-32  14  7-16  IIH 

June 14  18-16  14  9-32  14  17-82 

July    14  li-H  •■*%  1423-82 

August 19  14K  14  '.8-16 

Sales  spot 648  SlO  1.017 

Sales  future...  60,200  39,400  3t.200 

Gold 117  117  116X 

BxchauKfi 4.74  t.'.i  4.7!k 


Tues. 

14^16 
18  7-16 
13  5-16 
13  7-16 
!3  9-16 
13k 

13  15-14 
14k 

14  5-16 
14H 

yin 

35,000 
11«X 
«-74k 


Wed. 

Tbura. 

Frl. 

I4k 

Hk 

14  S-16 

14  s-16 

Hk 

14  9-32 

13  15-32 

1818-82 

IS  17-82 

13  9-16 

IS  5-lC 

ISX 

1.1  k 

18X 

ISS 

ISH 

18  ll-l» 

IS  11-16 

18  13-16 

S'U 

14 

14  8-16 

,'?f-.. 

liV.'. 

UK 
14H 

{{'18-82 

43,900 

14  17-82 

1.620 

87,500 

84,400 

116H 

116 

1'.?? 

4.73k 

4.78k 

Thb  Vt&ible  Supply  of  Cotton,  as  made  up  by  cable  and 
telegraph,  is  as  follows.  The  continental  stocks  are  the  figures 
of  last  Saturday,  but  the  totals  for  Great  Britain  and  the  afloat 
for  the  Continent  are  this  week's  returns,  and  consequently 
brought  down  to  Thurcday  evening;  hence,  to  make  the  totals  the 
complete  figures  for  to  night  (Oct.  23),  we  add  the  item  of  exports 
from  the  United  States,  including  in  it  the  exports  of  Friday  only : 

1875.  1874.  1878.  1372. 

Stock  at  Liverpool 562,000  621,000  626,000  485,000 

StockatLondon 68,260  112,000  206,500  230,000 

Total  Great  Britain  stock 640,250  788.000  788.600  716,000  ' 

Stock  at  Havre 200,260  146.250  92,000  244,000 

Stock  at  Marseilles .  4,260  12,600  8,860  14,000 

Stock  at  Barcelona 42.000  .51,000  24,600  43,000 

Stock  at  Hamburg 16,000  17,000  26.000  35,000 

Stock  at  Bremen 30,250  37.000  31,500  38,000 

Stock  at  Amsterdam 66,000  «7,000  95,760  68,000 

Stock  at  Rotterdam 12.000  21,500  26,500  9,00(1 

Stock  at  Antwerp 6,250  10,600  15,760  37,000 

Stock  at  other  continental  ports. .  9,000  20,000  39,000  54,000 

Total  continental  ports 376,000  402,760  367,260  640,000 

Total  European  stocks 1,015,250  1,135,760  1,090,750  1,255,000 

India  cotton  afloat  for  Europe....  236,000  190,000  179,000  236,090 

American  cotton  afloat  for  Europe  115,000  97,000  58,000  130,000 

Egypt,Brazil,&c.,afloatforE'rope  43,000  69,000  70,000  70,000 

Stock  In  United  States  ports 854,681  814,665  205,419  262,308 

Stock  In  tr.  S.  interior  ports 39,911  56,386  48,991  33,784 

United  States  exports  to-day 14,000  6,000  4,000  6,000 

Total  visible  supply.     .  .bale6.1,817,742       1,867,791        1,656,160       1,971,092 
Of  the  above,  the  totals  or  American  and  other  descriptions  are  as  follows: 

American— 

Liverpool  stock ..  236,000  167,000  111,000  46,000 

Continental  stocks 162,000  169,000  122,000  72,000 

American  afloat  to  Europe 116,000  97,000  63,000  1!0,000 

Uuited  States  stock 354,681  314,655  205,419  262,808 

UmtedStates  interior  stocks...  .  39,911  66,386  43,991  88,784 

United  States  expot  to  to-day 14,000  6,000  4,000  6,000 


Total  American bales.  920,492 

Bait  Indian,  BraatU,  dbc.— 

Liverpool  stock 347,000 

London  stock 58,260 

Continental  stocks 213,000 

India  afloat  for  Europe 236,000 

Egypt,  Brazil,  Ac,  afloat 43,000 


810,041 

454,000 
112,000 
233,750 
199,000 
59,000 


549,410 

414,000 
208,600 
835,250 
179,000 
70,000 


529,092 

439,000 
230,000 
468,000 
236,000 
70,000 


Total  East  India,  Ac 897,250       1,057,750       1,106,750       1,442,000 


Total  American. 


920,492 


810,041 


649,410 


629,092 


Total  visible  supply.. ..bales. 1,817,742  1,867,791  1,666,160  1,971,092 
Price  Middling  Uplands,  Liverp'I.  7  l-16d.      7Ji@8d.       9<a9Xd.      9X®9%d. 

These  figures  indicate  a  deereass  in  the  cotton  in  sight  to-night 
of  50,049  bales  as  compared  with  the  same  date  of  1874,  an 
increase  of  161,582  bales  as  compared  with  the  corresponding  date 
of  1873,  and  a  decrease  of  153,350  bales  as  compared  with  1872. 

At  the  Intkbior  Ports  the  niovement — that  is  the  receipts 
and  shipments  for  the  week  and  stock  to-night,  and  for  the 
corresponding  week  of  1874 — is  set  out  in  detail  in  the  following 
statement: 


Vhe  followinK  will  show  spot  quotations  and  the  closing  prices 
bltfor  f  uturea  at  the  several  dates  named : 


Week  ending   Oct  22,  1875. 

Week  ending  Oct.  23, 1874. 

Receipts.  Shipments.]  Stock. 

Receipts. 

Shipments. 

Stock. 

Aueuata,  Ga 

Columbus,  Ga 

Macon  Ga  

8,572 
2,716 
2,809 
3,960 
4,682 
16,680 
996 

9,864 
1,797 
2,089 
4,625 
4,277 
9,109 
949 

7,905 
3,269 
2,830 
3,685 
6,249 
15,583 
1,490 

9,162 
2,796 
3,921 
8,433 
3,718 
12,891 
1,666 

6,746 
1,717 
3,097 
2,638 
2.828 
10,176 
769 

11,809 
3,467 
4,260 

Montgomery,  Ala  . . 

4,367 
3,996 

Memphis,  Tenn 

Nashville,  Tenn.... 

28,582 
6,415 

Total,  old  ports, 

Shreveport,  La 

Vicksbnrg,  Miss.... 

Columbns,  Miss 

Enfaula,  Ala 

40,413 

4,796 
860 
680 
2,427 
4,106 
1,900 
5,180 
6,587 

32.600 

6,220 
23S 
693 
2,245 
3.636 
1,850 
6,600 
4.512 

89,911 

2,321 
1,919 

8S0 
1.719 
2,359 

560 
2,314 
2,389 

14,461 

37,586 

2,019 
731 
668 
877 

5,167 
619 

6,145 

2,980 

27,968 

1,753 

1,038 

548 

793 

5,049 

608 

3,70« 

2,504 

56,386 

2,336 

886 

203 

1,086 

1,374 

Charlotte,  N.  C 

St.  Louis,  Mo 

Cincinnati,  0 

199 
10,093 
4,949 

Total,  new  ports 

26,544 

23,896 

18,206 

15,999 

21,125 

Total,  all 

65,967 

66,496 

54,362 

65,793 

43,967 

77  611 

The  above  totals  show  that  the  old  interior  stocks  have  increased 
during  the  week  7,813  bales,  and  are  to-night  16,475  bales  less 
than  at  the  same  period  last  year.  The  receipts  have  been  2,827 
bales  more  than  the  same  week  last  year. 

BOMBAY  Shipments. — According  to  our  cable  despatch  received 
to-day,  there  have  been  no  bales  shipped  from  Bombay  to 
Great  Britain  the  past  week,  and  4,000  bales  to  the  Continent, 
while  th«  receipts  at  Bombay  during  the  same  time  have  been 


October  23,  lb75.] 


THE   OHRONIOT.E 


3^9 


■ — Baoalpu.^ 
Thu        aiBM 

wek.      J  U.I. 
4.000    l.i47.00« 

a,auu    i.».vKio 

7,000        M»,000 


4.000  balM.    The  moTement  sinee  the  Ist  of  Unuary  U  aa  follows. 

Theae  are  the  figiuea  of  W.  Niool  h  Co..  of  Bombay,  and  are 

brought  down  to  Tharaday,  Oct.  2t  : 

,-aai»<B«>M  thu  WMk^     -ShlpiiMoaiiBM  Ju.l-> 
Oraal        CoD'  Or  >t        Con- 

BrtUU.  Umbi.  ToUl.      Briuln.  uant.      Total. 

1875 a.000     3,000    800,000  4*0.000  i.mooo 

Ur4 LOOO        1.000      730.000    311,000  1,M8,000 

1873.  ...    (,000       1,000       B.OW     Me^OOO    lOUOOO     887,000 

From  the  foieffolng  it  would  appear  that,  compared  with  laa 
year,  there  ia  aa  taertate  of  2,000  bales  this  year  in  the  we^k'a 
ahipmvntd  from  Bombay  to  Europe,  and  that  the  total   moTement 
■inee  January  1  shows  an  inereaie  in  shipments  of  53,000  bales 
compared  with  the  oorrespoadlng  period  of  1874. 

WkaTHXB  Rkfokts  bt  I'KUtORAPH. — The  weather  during 
the  past  week  has  been  favorable  for  the  in-gatheriDg  of  the 
crop.  Very  little  rain  has  fallen  ;  in  many  districts  none  at  all, 
and  in  moei  of  the  others  only  about  one-third  of  an  inch.  A 
killing  froet  ia  reported  at  some  points  in  the  Atlantic  Statea,  but 
so  far  as  our  correspondaots  express  themaelTes,  they  say  i  liat  it 
did  little  or  no  harm.  On»  Xashrille  eorrespondenu  report  that 
the  frost  there  last  week  did  injury  in  the  rich  low  lands  of  mid 
die  Tennessee.  The  election  excitement  in  Missiaeippi  rontinnes 
to  interfere  with  picking  in  that  State.  Cotton  is  everywhere 
opening  rapidly. 

OtlMilom,  Ttuat. — We  hare  had  rain  on  one  day,  the  balaoce 
of  tb*  weak  being  plesaant  and  favorable  for  picking.  There  has 
been  no  frost  of  consequence  anywhere  in  the  State.  Ttie  rain- 
fall has  reached  sixty-four  hundredths  of  an  inch ;  and  the  ther- 
mometer has  averaged  M,  the  highest  beinf  M  and  the  lowest  Ht. 

IiuUaiuila,  Tfxaa. — It  has  rained  on  one  day  of  this  week,  with 
•  ntlofall  of  thirty  hundredths  of  an  inch.  The  feeling  liTe  lias 
tasprored,  and  bosineas  is  being  rasnmed.  The  ni^ts  hare  been 
eoel,  bat  no  frost :  the  theimoBMler  has  averaged  67,  the  highest 
bsiBg  80  sad  the  lowest  80. 

Ckuwltuma,  TtMm$. — We  have  had  warm  days  aad  cool  nii:hu 
ths  past  week.  There  has  been  no  rainfall.  One  aight  we  had 
a  frost,  bat  it  was  not  a  killing  frost,  aad  did  ao  harm.  Crop 
prospects  are  favorable.  The  thermometer  has  averaged  (M,  the 
uAsff  bei«g  m  aad  the  hnrest  41. 

ifsit  OriSMU,  LmMmna. — There  was  raia  here  on  one  day 
dnriag  the  weak,  tha  ralnfhil  reachior  forty  hoadredthti  of 
inch.    Tha  tharmaatMer  has  averaged  83. 

6Arw«Msr(.  Xwrfrfaas.— It  has  been  clear  daring  all  of  this 
week.  With  light  frosts  in  this  aalgbborbood  on  Toesday  and 
Wednesday.  The  frosts,  however,  did  ito  damaga  to  cottoa. 
Baeelpts  eoatintie  large,  the  qoalitv  rsestrad  balag  low  middling. 
Tiaasportation  is  almost  satirejy  liiaitad  to  tha  railroadsi 
Averace  thermnmeter  S7,  highest  77  and  lewaat  41. 

ViJuburg,  Jluntdppi.—'tom  tltanaosastar  has  rated  as  followa 
dorlag  the  wwk  past :  highest  SQ,  lowest  51,  aad  average  ML 
W*  have  had  no  rainfall. 

OMuatbut,  JfMSMWpyt.— The  weather  here  has  basn  cold  Theta 
baa  bssB  ao  rain,  bat  on  three  aighta  we  had  froat.  Picking  is 
profTosaiag  flaely.      Avanigv  thataeaistar  fT.  higksst  87  and 

LUtU  Rtek.  JrtMuatL— We  hava  had  a  waak  of  eisar  weather, 
tha  thariaumalsi  awfagiag  61,  aad  raagtag  froas  41  to  74.  Oar 
tiat  frost  waa  oa  the  13th  Inst.,  and  there  hasbooaoaly  one  nine*, 
aahlMr doiagaay  material  damage. 

Jfaitaflfl,  JhaatiSM.— tUin  fell  bars  oa  oaa  d^  tha  past  we.'k. 

Tha  thormonatar  has  averaged  48,  the  highaal  biiac  61  aad  the 

iI7.    Maeh  daoiage  was  doiia  br  tha  ftast  of  last  week  to 

ha  rich  laad  la  lUddte  T«aassaw>,  but  la  North  Ala- 

1  aesortoaa  damage  resulted. 

Mtmpku,  nutMSSM.— The  weather  bete  has  beaa  cold  and  drr 

ali  tha  week.    Tba  nop  is  opening  very  fast,  bat  la  MiasiiMippi 

pisfciag  has  baan  ssrioaslv  Interfered  with  br  tba  alectlon  exclta- 

■aat,  asd  Is  |iiiignailna'  bat  slowly  everywhare. 

jr«M«.  ^fii>awa>— T&  waallwr  the  past  weak  hM  been  oold 
aad  dry.  The  crop  Is  beiag  seat  to  market  freely.  Tikare  was  a 
frost  ooe  oiriit,  bat  not  a  kHllag  frost,  and  ao  aarloas  damaga 
was  dooe.  Tha  thsfoiaaieter  has  averagad  37.  tba  highest  beiMr 
74  aad  the  lowaat  41 
Mmtf*mirg,  AUboma.—Wti  had  rain  on  one  day  the  earh[ 
t  of  this  week,  bat  the  remaining  six  dan  were  dear  aad 
Ratafall  far  the  week,  tweatytbiaa  naadrsdths  nfaa 


part 


pisasaat.     Kataiail  isr  the  week,  tweatyttaiaa  haadrsdtbs 
beb.    Averaga  tbamonater  M.  bigbsat  71  aad  lowaat  40. 
lUma,  Alabama.— Wa  have  had  ao  lala  tba  past  week,  tb 


Tba  tbafaaoaiatar  haa 


oogh 
aver- 


it  ia  BOW  eloady  and  Ibrsateaiag. 
agoddl. 

KMtem.  rbrida.—Oat  teicgxam  fron  tbla  potat  htm  failed  to 
Tsaeb  OS  to-aigfat. 

JKmsm,  Ossryia.— We  have  had  no  rain  hers  the  post  w.-<k 
Ws  had  a  froat  oa  one  aight;  but,  aa  It  waa  not  a  killing  rr'>fit, 
searcsly  aay  daaiage  was  doaa.    Avaraga  Iharmomatar  57,  high- 

ilKaala.  Ossryio.— It  rmtaad  coaataatly  bat  aot  baavily  oaa 
day  the  past  week,  the  reat  of  the  week  being piaasaat;  aad  on  two 
nighU  we  had  a  killing  frost.  The  themometer  has  averaged 
66,  tha  extisiass  babig  »  aad  69.  Balnfall,  thirty-three  hon- 
drsdtbs  of  aa  laeb. 

(MantMS,  Ossryia.— Ws  have  had  do  rain  daring  this  week. 
Oa  two  Bights,  bowavar,  we  had  a  killing  frost,  thouf;h  on  sa- 
riotu  daaaga  baa  bean  doD».  The  thermometer  luts  averaged  SflL 
thaUgbaat  balag  66  aad  the  lowest  Sa 

AssannaA,  OsMwfa.— There  waa  oaa  raioy  day  here  the  past 
week,  the  reat  of  the  week  being  pleasant  bot  cool.  The  rainthU 
for  the  week  was  thirty-three  hundredths  of  an  indi.  Avetaaa 
thsmtomster  ST,  highest  70  aod  lowaat  48. 

AMgmttM,  Osiryia.— Daring  the  waak  past  the  days  bare  beaa 
warai  aad  the  nights  eold.  There  ware  two  lainy  days,  the  raln< 
fall  raacbiag  tweaty-six  hondrcdths  of  aa  inah,  aad  theia  waa  a 


^Oct  »8,"74.-, 

Feet.  Iscb . 

14  3 

4  5 

«  t 

11  I 

6  & 


light  froat  on  two  days  which  injured  cotton  in  some  sections. 
Picking  ia  making  fine  progress,  and  planters  are  sending  cotton 
for»rard  freely.  Average  thermometer  63,  highest  71  and 
lowest  34. 

OharlesCon,  South  Carolina.— li  has  rained  here  this  week,  the 
rainfall  being  thirty-four  hundredths  of  an  inch.  Average  ther- 
mometer 57,  highest  68  and  lowest  44.  Ice  formed  at  Summer- 
ville,  Sunday,  and  there  was  a  severe  frost  in  the  vicinity  of 
Aiken  last  Friday  morning. 

The  following  statement  we  have  also  received  by  telegraph, 
showing  the  height  of  the  rivers  at  the  points  named  at  8  o'clock , 
Oct.  31.  We  give  last  year's  finures  (Oct.  23.  1874)  for  com- 
parison : 

^OCL  »1,"78.^ 
_  Feet.       Inch. 

New  Orleaa*..B«lowUgh-«ater  mark    ....    IS  i 

Menphls Above  low-water  mark 7  » 

HashvlUe Above  low-water  mark 8  6 

Shreraport....  Above  low- water  mark 8  4 

VIckaborK....  Above  low-water  mark U  4  .  . 

New  Orleans  reported  below  hlgb-water  mark  of  1871  until 
Sept.  0,  1874,  when  the  zero  of  gauge  wns  i;hanged  to  high-water 
mark  of  April  15  and  16,  1874,  which  is  6-lOthsol  a  foot  above 
1871.  or  16  feet  above  low-water  mark  at  tbat  point. 

OuNNY  Bags,  Baogixo,  &C. — During  the  past  week  tha  market 
for  bagging  has  been  only  moderately  active,  and  prices  have 
ruled  in  buyers  favor.  Sales  are  reported  of  1^00  to  2,000  rolls 
in  lots  at  prieea  ransring  from  12}  to  IZ^c.  At  the  close  holders 
are  asking  124c.  cash,  with  a  very  light  stock  on  hand.  Bales 
are  dull,  aod  prices  are  nominally  quoted  at  UjdUic.  for  India, 
and  13($13^.  for  Borneo.  Bafs  also  rule  dull,  and  no  business 
Is  reported  ;  prices  are  nominally  13c.  for  440's.  Butts  have  been 
ia  fair  reqaest,  and  sales  are  reported  of  1,500  bales  on  spot  at 
8M315-16c,cash  and  tia:e,  and  1,500  bales  to  arrive  (since 
raeaived),  on  private  terms.  At  the  close  the  market  is  a  shade 
firmer,  with  holders  quoting  3c 

a.  OTT-TRUMn.KR'8  AXHUAl.  CtRCDLAR  DiSCOKTUIDXD. — We 

are  axtrsMoly  sorry  to  inform  our  readers  that  M.  O'.t-Triimpler 
has  eoacladsd  to  discontinue  the  issue  of  his  very  interesting  and 
ossful  cotton  drcnlar,  which  has,  forsoinany  years, on  the  first  of 
October,  appeared  under  his  name.  This  we  learn  throagh  a 
privata  letter, in  which  he  requests  tis  to  make  the  announcement 
aad  save  him  a  large  correspondence  otherwise  neceraary.  To 
Had  a  successor  to  M.  Ott-Trumpler  will  be  no  easy  task.  The 
by  long  experience,  has  learned  to  rely  with  great  eon- 
9S  apoa  hia  facts  and  opinioas  with  regard  to  the  actual 
Kaiapsaa  eoasamption,  and  much  will  therefore  be  expected  from 
tha  oaa  apoa  vboai  hia  mantle  (alls. 

Waaa  tba  above  waa  written  we  see  tliat  Messrs.  Ellison  &  Co. , 
of  Uvarpoot,  have  announcad  that  they  will  give  in  their  next 
moothly  report  "  an  account  of  the  consumption  of  cotton  in 
"  Qraat  Britain  and  the  Contineat  daring  the  past  season.  In  oon- 
"  liaaaaos  of  the  sUtlstlcs  bitlterto  supplied  by  M.  Ott-Triimpler." 
This  will  be  very  welcome  news  to  the  trade,  for  no  persons  are 
batter  able  than  they  to  furnish  the  ioformation  deaired,  and  it  is 
attrsaaiy  important  thai  there  should  be  db  break  in  the 
iHsilsti-rs 

OrBBLAlTD  IfomiEfT  TOR  Sbttxiibzb.— We  have  by  tele- 
graph from  New  Orleans  to-night,  throagh  the  kindness  of  Mr. 
John  &  Lafltte,  Prarfdent  of  the  New  Orleans  Cottoa  Exchange, 
the  fallowing : 

■•pISHfe*  evataad  diffei  to  aOlls balsa.    7,4M 

pliSBstHml  litstsetwiidallvjpntlsbyiall. I,W1 

Is  aaasil  br  saa  asyk  ». n,470 

Ihbaa  by  lluilbws  splsaat*  fteoi  ports  aad  by  ovnland  •hipmtat*  to 

■■VI- • 48,T«» 

Wa  aappoas  the  above  Is  made  up  under  the  resolution  of  the 
Kattoaal  Oottoa  Bxebange  Convention  to  procuru  and  state  the 
arerlaad  mavaaiaat  oaas  a  month  through  the  year. 

Naibttuji  Comnr  BxcHAXas.— The  following  communiea- 
Uoaexplaias  itself.  Mr.  Wheless possessed  unusual  fitness  for  the 
pesitioa  be  held  on  the  Gonimltteo  oa  Inlnrmation  and  StatlHtlcs, 
bat  It  his  friends  like  better  to  have  him  President,  we  outsidera 
will  graeefnlly  submit,  eapecially  as  they  liave  taken  care  to  give 
us  so  excellent  a  CMmmittoe. 

Messrs.  W.  B.  I>aj(a  ft  Co.: 

iMfiiim  Tbb  ('iiRomcLa  of  the  16th  credits  the  September  re- 
port of  this  Kxchange  to  the  Committee  on  Information  and  Sta- 
tistics ol  last  year,  instead  of  the  prea«nt  committee,  composed  of 
Messrs.  James  B.  Craighead.  U.  H.  McAlister  and  Edgar  O.  Par- 
sona.    Please  correct  and  oblige.    Kespectfully, 

JOSUf  F.  WRKLK86, 

Piaa't  Nashvilie  Cotton  Exchange. 
Tnc    Crop.— A  weU-laformed   oorrespondent  at  Providenot 
writes  usr  taking  excepUou  to  our  Nashville  and  Memphis  tele- 
grams of   laat  week,   because   they  speak   of  a  "kilting  frost,", 
conveying  the  idea  ol  serious  dauage  to  cotton.     We  gave  no  I 
interpretation  to  the  telegrams,  but  published  them  as  they  I 
«ame,  aad  liave  no  doubt  tbat  the   facta  they  state  are  strictly  I 
aORSct  i  but  our  Providence  triend  may  have  drawn  an  erroneous/ 
eoaetaaloa  from  them.     No  one,  we  think,  can  rightly  extract  the/ 
troa  mmntng  except  by  taking  them  In  connection  with  the  othei 
laports  of  tbs  same  date,  and  with  our  Memphis   %td  Nasbvill^ 
talagrams  of  prsrions  weeks.    Ueading  them  in  tliat  way,  we  fladl 
fllM,  that  thsse  frosts   have  come  on   a  crop  very  differently  siti 
atad  from  liast  yaar'a  crop ;  and,  secondly,  that  the  frosts  th 


400 


THE   CHRONICLE. 


[October  23^  1875. 


selves  must  have  been  "killing"  over  quite  a  limited  district 
tor  they  did  not  reacli  aa  far  as  Little  Kocli,  and  are  reported  as 
■light  at  VictLBburg  and  Columbus,  Miss. 

As  to  what  this  crop  will  turn  out  to  be  we  have  no  opinion  to 
give.  Any  one,  however,  who  lias  followed  our  weather  reports 
must  ba  pretty  well  satisfied  that  in  Arliansas,  Mississippi,  much 
of  Alabama,  and  in  the  portions  of  Texas  above  the  siorm  and  in 
parts  ot  Louisiana  and  Tennessee,  the  extent  of  the  yield  is  to  be 
measured  by  the  capacity  to  pick.  But  unfortunately  the  in-with- 
ering of  the  crop  has  not  thus  far  been  very  satisfactory.  First, 
it  began,  say  eight  days,  later  than  a  year  ago.  Then,  again. 
since  it  liegan  we  have  had  the  election  excitement  in  Mississippi 
(a  bad  feature),  while  in  all  tlie  other  States  mentioned,  except 
Arkansas  and  the  upper  half  of  Texas,  many  days  more  than  last 
year  have  Ijeen  lost  on  account  of  rain  ;  and  further,  unusual  sick- 
ness is  reported  to  have  prevailed  among  the  freedmen  througii 
portions  ot  the  States  in  question.  These  facta  are  of  course  dis- 
appointing, and  do  not  up  to  this  date  favor  ae  large  an  out-turn 
us  was  anticipated  by  some.  On  the  other  hand,  it  will  be 
remembered  that  on  or  before  the  first  of  December,  1874,  about 
all  the  crop  in  the  most  of  this  district  had  been  gathered,  while 
this  year  the  fact  will  be  very  different.  Hence  it  is  evident  that 
the  extent  of  this  crop  and  the  weather  after  this  date  are  quite 
dependent  events. 

India  Cotton  Crop. — Our  mail  advices  from  India  are  to  day 
brought  down  to  Sept.  18,  and  are  not  wholly  favorable,  and  yet 
the  latest  reports  are  the  most  satisfactory. 

In  Kattiawa  the  drought,  which  was  referred  to  in  our  cable 
dispatch  of  Aug.  27,  seems  to  have  been  very  severe,  but  during 
the  succeeding  week  rain  began  to  fall;  this  is  said  to  have 
"  afforded  much  relief"  and  the  latest  accounts  were  "  on  the 
whole  favorable." 

In  the  Hingunghat  district  too  much  rain  is  the  complaint.  In 
fact  this  was  the  complaint  in  August  ;  but  the  weather  cleared 
up  previous  to  the  27tli,  giving  the  ryots  an  opportunity  of  weed- 
ing the  cotton  plant.  A  day  or  two  after  that  date,  however,  rain 
set  in  again  and  continued  with  more  or  less  severity  during  tiie 
next  two  weeks  ;  Messrs.  Nicol  &  Co.,  in  their  circular  of  the  9th 
of  Sept.,  stated  that  a  "  telegram  received  this  morning  informs 
"  us  that  the  Hingunghat  crop  has  sustained  such  serious  injury 
"  that  tlie  outturn  will  be  largely  reduced,  but  we  are  disposed  to 
"  regard  this  statement  as  somewhat  exaggerated  and  believe  tfiat  a 
"  spell  of  sunshine  would  repair  most  of  the  reported  damage;"  on 
the  16th  of  Sept.  the  same  authority  write  less  encouragingly — 
they  say  "  we  much  regret  to  learn  that  Hingunghat  district  has 
"again  been  visited  with  unseasonable  rains  and  the  crop  pros- 
"  pects  are  worse;  *  *  *  unless  sunshiny  weather  sets  in 
"  immediately  the  out-turn  will  be  seriously  affected." 

Prom  Sheagaum,  Julgaura  and  other  parts  of  the  Oomrawuttee 
circle  the  reports  continue  up  to  the  latest  dates  favorable. 
Messrs.  Peel,  Cassels  &  Co.,  under  date  of  Sept.  3,  siy  that  at  the 
close  of  August  the  plants  were  strong  and  healthy,  and  in  some 
fields  commencing  to  flower.  Later  information  appears  to  show  a 
continuance  of  these  favorable  conditions.  The  belief  is  that 
in  "  the  Oomrawuttee  district  the  breadtli  of  land  under  cotton  is 
••  considerably  in  excess  of  last  year."  (Sir  Charles  Forbes  &  Co., 
Aug.  G.) 

From  Broach  the  latest  accounts  are  favorable,  both  the  early 
and  late  sowings  giving  good  promise. 

In  the  upper  Sind  districts  Messrs.  Fleming  &  Co.,  under  date 
of  Kurrachec,  Sept.  14,  say  that  the  "  reports  are  not  so  favorable 
"  as  they  were,  the  deficient  fall  of  rain  being  again  a  subject  ot 
"complaint." 

Pbksent  and  Ante- War  Pricbs. — On  this  question  Messrs. 
W.  C.  Watts  &  Co.  of  Liverpool  write  as  follows  in  a  late  report : 
"  We  have  lately  repeatedly  heard  the  remarks,  in  explanation  of 
the  present  depression,  that '  cotton  has  been  too  high,  and  must 
go  back  to  ante-bellum  prices,  &c.'  But,  in  order  to  determine 
what  ante-bellum  prices  were,  it  should  be  borne  in  mind  that 
the  classification  of  American  cotton  is  very  different  now  from 
what  it  was  before  the  American  war.  We  have  been  assured  by 
several  of  the  oldest  and  most  respectable  brokers  here  that  what 
was  fifteen  or  twenty  years  ago  classed  as  '  fair '  was  no  better 
than  our  present  'good  middling,'  and  what  was  then  classed  as 
'  middling' would  now  class  about  "strict  good  ordinary  to  low 
middling.'  In  evidence  of  the  substantial  correctness  of  this 
statement  we  have  only  to  compare  the  classifications  quoted  then 
and  now.  At  present  the  highest  grade  of  American  cotton 
quoted  in  the  weekly  circular  of  the  Cotton  Brokers'  Association 
is  'middling  fair,'  whereas  then  four  higher  grades  were  quoted, 
namely, '  fair,' '  good  fair,'  '  good,'  and  '  fine,'  just  as  it  is  now  in 
quotations  for  Brazils.  Tnis  change  in  the  classification  ot 
American  cotton,  as  near  as  we  can  make  out,  represents  about 
|d.  per  pound. 

"  The  misapprehension  on  this  subject  has  been  further  in- 
creased by  many  old  publications,  and  notably  by  recent  annual 
circulars  of  the  Liverpool  Cotton  Brokers'  Association.  For  in- 
stance, in  the  biokers'  last  annual  circular  the  average  price  of 
Uplands  for  the  years  ISjG-'GO  inclusive  are  given  as  follows  : 
In  1856  6d.,  in  1857  7id.,  in  185S  6Jd.,  in  1859  6id.,  and  in  1810 
5ii. — an  avsrage  for  the  five  years  of  6id.  Now,  these  figures 
are  generally  understood  to  represent  the  average  value  of  what 
was  then  classed  as  'middling;'  but  such  is  not  the  fact.  They 
only  represent  the  average  value  of  American  Uplands  of  all 
grades,  ranging  from  the  lowest  to  the  highest,  as  originally 
compiled  in  the  annual  circulars  of  the  old  and  well-known  firm 
of  Messrs.  George  Holt  &  Co.,  then  and  now  prominent  br9kers  in 
this  town. 

"  The  quotations  for  middling  Orleans  cotton  in  this  market 
during  the  five  years  referred  to,  averaged  as  follows :  In  1856 
3  5-16d.  ;  in  1857  lid. ;  in  1(<59  7  l-lfld  ;  in  1859  7  l-16d.,  and  in 
1880  6id. ;  an  arerage  for  the  Ave  feara  ot  7d.,  and  If  to  thii  we 


Oct.  8. 

Oct.  16. 

Oct.  2-J. 

88,000 

lOi.oOO 

57,000 

4,000 

3,000 

3,000 

14,000 

15.000 

8,0(X) 

5,000 

15,0(10 

4,000 

669.000 

011,000 

BSS.OOO 

284,000 

258,000 

23'>.000 

41.000 

S8,00O 

3),000 

7,000 

13,000 

14,000 

11,000 

7,000 

13,000 

23i,000 

«9,000 

239,000 

:w,ono 

48.000 

57.000 

add  }d.  for  change  in  classification,  we  have  7fd.  as  the  average 
value  of  the  present  standard  of  middling  Orleans  cotton  for  the 
five  years  preceding  the  American  war,  aa  against  our  present 
quotation  of  7  3  ICd.  for  middling  Orleans  on  the  spot,  and  CJd., 
basis  middling,  for  October- November  shipments  from  New 
Orleans.  In  otiier  words,  prices  would  appear  to  be  3-lUd.  to  |d. 
lower  now  than  then. 

"  The  season  of  18")9-60  produced  the  largest  American  crop  on 
record,  namely,  4,848,000  bal^s,  and  notwithstanding  the  limited 
f  applies  then  received  from  India  and  Egypt,  the  stock  here  on 
the  7th  June,  1800,  was  the  largest  ever  known  in  the  history  of 
this  port,  say  1,1358,030  bales.  So  excessive  was  this  stock  that 
warehouse  room  for  it  could  not  be  obtained  in  the  town,  and 
large  quantities  were  piled  in  suburban  fields  and  covered  with 
tarpaulins." 

LiVBEPOOi,,  Oct.  22.-4  P.  M.— Bt  Cable  prom  Ltverpool.— 
The  market  lias  ruled  firm  to-day.  Sales  of  the  day  were  12.000 
bales,  of  which  3,000  bales  were  for  export  and  speculation. 
Of  to-day's  sales  7,000  bales  were  American.  The  weekly  move- 
ment is  given  as  follows  : 

OcUl. 

Sales  of  the  week bales.    61,000 

Forwarded 2,000 

of  which  exporters  took li.OM 

of  which  apuculatorB  took 8,000 

Total  stock 713,000 

or  which  American 3^000 

ToUl  Import  of  the  week 62,000 

of  which  American 3,000 

Actnalexpnrt 14,000 

Amountalloat S-W  000 

of  which  American .     15,000 

The  following  table  will  show  the  dally  closing  prices  of  cotton  for  the  week 
SiM.  Satnr.  Mon.  Tu*.       Wednes.         Thurs.        Frl. 

Mid.  OpfdB..    .®7>i      ..®^K      .-®7X      ,.<»7  1-16      ..®7  1-16    ..@7  1-IB 
do  Orleans.  ..@7?i      ..©TX      ..®7>»      ..©7  5-16      ..@7  5-18    ..®7  5-10 
Futuns. 

Satubdat Nov. -Dec.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  TXd. 

Oct-Nov.  shipment  from  New  Orleans,  Low  Mid.  clause,  tad.  bid. 
Dec-Jan.  shipment  from  Sav.  or  Chas.,   Low  Mid.  clause,  by  sail,  If  re- 
quired, 7  3-16d. 
Monday.— Oct.-Nov.  ehipmcnts  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail, 
if  required,  7  1-lOd. 
Dec-Jan.  shipmeut  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,   if 

required,  7>id. 
Dec.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  7,';d. 
Oct.  delivery  from  8av.  or  Chas.,  Low  Mid.  clause,  7d. 
Jan. -Fob.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail.  If 
required,  T)^d.  bid. 
TussDAY.— NoT.-t)ec.  ubipment  from  Sav.  or  Cha*.,  Low  Mid.  clause,  7d. 

OcL-Nov.  shipments  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail.  If 

required,  7a. 
Dec- Jan.  delivery  from  New  Orleans.  Low  Mid.  clause.  7  3-lGd. 
Nov.-Dec.   shipment  fiom  Sav.  or  Chas.,  Low  Mid.  clause,   by  sail,  if 

required.  7d. 
Dec.-Jau.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail.  If  re- 
quired, 7d. 
Jan.-Feb.  shipments  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 
required,  7  l-16d. 
Wedn«sday.— Oct.-Nov.  delivery  from  Sav.  or  Chas.,  Low  Mid  clause,  6Jid. 
Oct.-Nov.  shipment  from  Sav.  or  Chas  ,  Low  Mid.  clause,  6Jid. 
Jan.-Feb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required,  7d. 
Dec-Jan.  shiomcnt  from  Sav.  or  Chas.  Low  Mid.  clause,  hy  sail,  If 

required,  6  15-16@7d. 
Nov.-Dec.    shipmeut  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail.   If 
required,  6  15-iad.  bid. 
TunasDAY.— Oct.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  OJid. 
Nov.-Dec.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6?id. 
Nov.-Dec.  Bhipment  from  Sav.  or  Chas.,  Low  Mid.   clause,  by  sail,  it 

required,  6  15-I6d. 
Jan.-Feb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required,  7  l-16d. 
Dec-tfan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail.  If 

required,  7(1. 
Nov.-Dic.  sliipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  15-lCd. 
Feb.-March  shipments  from  Say.  or  Chas.,  Low  Mid  clause,  by  sail,  if 
required.  7  llOd. 
FamAT.— Jan.-Pcb.  shipment  from  Sav.  or  Chas.,  by  sail,  if  required,  7d. 

Nov.-Dec.   shipments  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required,  7d. 
Dec -Jan.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  7d. 
Feb.-March  delivery  from  Sav.  or  (Jhas.,  Low  Mid.  clause,  7d. 
Oct-Nov.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required,  7a. 
Nov.-Dec,  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail, 
required,  7d, 
The  Exports  of  Cotton  from  New  Tork,  this  week,  show  a 
decrease,  as  compared  with  last  week,  the  total  reaching  10,609 
bales,  against  14,050  bales  last  week.     Below  we  give  our  usual 
table  showing  the  exports  of  cotton  from  New  York,  and  their 
direction,  for  each  of  the  last  four  week.s;  also  the  total  exports 
and  direction  since  Sept.  1,  1875;  and  iu  the  last  column  the  total 
for  the  same  period  of  the  previous  year. 
Bxport«olCotton(baIes)n-oin  New  Ifork  aluceSept.li  1816 


VEBK  EHDINO 

Total 

to 
date. 

Same 
period 

Sept. 
29. 

Oct. 
6. 

Oct. 
13. 

Oct. 
20. 

prev'us 
year. 

5,316 

11,501 

10,691 

7,046 

40,395 

54,479 

Other  BritiBh  Porta 

Total  to  Gt.  Britain 

5,348 

11,601 
S61 

10,691 

7,040 
398 

40,393 
681 

54,479 
2,661 

Other  French  ports 

lAtal  Vrench 

1,080 
1,314 
2,3M 

•    S64 

1,333 
500 

1,352 

1,110 

907 

398 

1,092 

550 

1,588 

"wis" 

681 

4,872 
2,300 
4,377 

2,661 

Bremen  and  Hanover 

1,8.V) 
1,473 

SO 

Total  to  N.  Europe. 

Spaln,Oporto*aibraltar4c 
AUothers 

1,833 

3,369 

11,919 

8,373 
10 

Total  Spain,  &c 

7,740 

10 

Orand  Total 

1.3,598 

14,050 

10,669 

5?,BJ5 

80,423 

Oetober  23,  1876.J 


THE   CHRONICLR 


401 


The  foUowing  are  the  receipts  of  cotton  at  New  Tork,  Bo«ton> 
PhiUdelphiaand  Baltimore  for  the  last  week,  and  alaee  Sept.  1, 75= 


■aw 

roBK. 

■oaroH. 

1              ,    i| 

Thli 

Since  . 

ThU 

Since 

Thli  1  Since 

Thli    SiDCe 

WMk. 

S«pL    t. 

WMk. 

8epU. 

weak. 

BopCl. 

waek. 

SepLl. 

Smm  Ori«aDa.. 

a,«8 

18,187 

Tuaa 

4.M1 

u,on 

..  . 

favaaaak 

l.«B 

HM 

MM 

4M 

IhMB 

1.8M 

4,1)61 

MoMl*. 

Florida 

•17 

S'tk  CaroUna. 

tM^ 

■  *•• 

m 

Hon 

rthOuoUaa. 

1.S1I 

St'nw 

, 

•  ••• 

an 

I.tl9 

\nniata_ 

noc&^PorU 

'3 

1M 

ts 

■.oiM 

7,SU 

.... 

t,m 

Km 

TMumua,  Ac 

MM 

lL0lt' 

Bit 

M8R 

asx 

I,«H 

M 

611 

Poraicn 

Mr 

w, 

.... 

... 

Toul  tUa  jmt 

«,« 

n*M», 

(.m 

n.9M 

740 

<»« 

^«l 

i«,ir4 

TMallaMyMr. 

«J 

iMjmo: 

MV 

tt.m 

1,0B«| 

i.m 

»,97« 

10.657 

SHtPFnrs  News. — The  exports  of  cotton  from  the  United 
States  the  past  week,  as  per  latttt  m«B  rstoma,  hare  reached 
S8,7M  bales.  So  far  as  the  Sootbem  ports  are  ooneemed,  theee 
are  the  aama  exports  reported  bj  teleAT*pl>,  and  published  in 
Thb  CKROlflcut  last  Friday,  except  (falTeeton,  and  the  flgores 
for  that  port  are  the  exports  for  two  weeks  back.  With  regard 
to  New  York,  we  loelMe  the  manifests  of  all  vessels  ele*rM  ap 
to  Wednesday  night  of  this  week. 

Total  bale* 

Bo(kala.tOI....OI^of  IlswTofk,l.m .^.V. Tjm 

Toatm.ftmmmttrnaBt.m tS8 


To  Wmaiia.  per  <iaHMr  Poaia.  UHt 1, 

To  Haabofs,  per  MaHMT  HuoaaaU.  680 S60 

To  nnmritein,  per  il  ma  ii  W.  A.  «efc>lfa.  1.38» 1.6M 

iw  ftai  ■«■■   Tn  f  JTwpnnl  per  Me— i—  llejtlin.  a.nw  ...Meoulita. 

6,W6 It«6i 

To  Hawe,  per  ehip  ■xpooader.S.nt.... per  taaik  ?«■■••,  t.«n S,US 

To  Barnioaa,  par  bark  OlTmia.  1^  .TT! 7777. M60 

~   Tew  Craa,  per  weamw  City  otHinraaa.l4W ij» 

til53iK:5:t;fffflSS^;:;:.:.:::::..::::::;;^^^^  --S 

■loa— T»  Haneb  per  -    -   - 


SATAJIXAa 

ToBane^ 


k  Aaroa  Ooodar.  t,«0  Uplaad. 
UaitMaa^LMl-  '     ' 

— ,t,MitrpCd. 


ToB«nl(Baea|«LpWiCkr.  UartMaa^l,MtUpiaad: 1, 


«.«0 


9  LiTemoi.  per ,  I 

per .  HOnUplaad 

T»ni«Men.  per .MpiUplud 

T»B>«Bl.par TiMVtAai.. 

TaXA*— Ty>  UTaraooi.  p«  emaer  Ilhnlei.  ion 

BALTiiioaa— To  Ltniraoal,  per  tteaaar  Hibernian,  Ml*  lod  !• 

■oeroa— To  LtTtepoaC  per  •teaOMr  Oklaa,  ■• 

PaiLADaLrau— To  LlrwpooLpar  eteeSMir  Illlaote.  W 

To  Antwerp,  per  eleaaar  TMvlaad,  l.ll* 


<.!• 


Iitio 


.    Tm 

•76 
.     LlIB 

Total Ba,-»4 

I'll,  itrtiealaraoi  kii«4«shipB<ais, arranged  In  oar  asaalfonn 
are  aaiollowa: 

Urer-  Bra-  BoMer-  Aat-  Baroa-  Tan 

pooL   Uarre.  smb.    dML  warp.  RetaL  looa.    C»na.'.T»laL 

.tewTork 7,0*6        «8    !.«■    Um     M,6ta 

HewOrteaaa..  .    •.16I     Mlt     UtO    Um    njm 

MobOe tMt        ZTT.      MM 

CberleatOB 6.460     tjm     4,»M 

Sananh •.M     1,006   •,aai     UM    ..~     ....    H^ 

Tubs...**.  •■■•   mjtt9      •■>.     •...     •••*    '••• 

FhUadalpUa:.!!'.      n>  '.'.,. 


Total 


*6kii>  »ftn  «,m  ijm  ijs  «4h  ijh  mm  66i,7« 

la  Ike  aboTsMalaare  Ctea  New  Tork.  160  Mas  Is  Baakarx 
i^liObahstoOrtMbr. 


"-2?; 


KtMt.  16k  aa«  taa  a  awn  aoM  etora  OS  tna  «ai*oarO  rtte  hj 
laaebor,  aad  a  partloa  of  Ika  Ugkt  opa  aatoearrted  a«Bj 
ijtor,  tnm  Cbaileatea  Oct.  10  rv  New  Tork,  itttb  loata  aad 
■eooalered  baery  KB  weaiha  wkea  two  day*  oat  aad  rataned 


fraaMobOak 

B«low  we  giro  all  saws  reoslTsd  to  data  of  disastars,  kc,  to 
raaaela  carryiog  oottoa  from  United  Slataa  porta : 
FnoDo,  itr.  (Br.X,  Gala,  troa  Hew  Orleaaa,  at  LlTetpool  Oct,  6.  reporU  haetoc 
had  rraa  as  Bate  aaMkerty,  eaterir  aad  IQIW  wladik  with  iMeS 
wealbaraad  Bfht  litB  aad  barr  eea,  Alp  laktaf  iboata  •watdal 
of  water  aad  iSii^baaTUr 
BwaaiK  etr- baa  RarMk  fa  Hew  Tork.  las  brto  skip  B.  D.  Matalf 
M  MarfiA  Oct.  I6k  aad  ted  a  awn  Ma  etora  OS  tbs 
Ikaehto-s 
Lar,  tehr..  Taj 
eouaa,a 

to  port  l«b,  ta  a  leak/  toadlttoa. 
UottoD  treigbta  the  paat  weak  hare  been  as  tollows 

, , — Harre , 

Siena.  Hall. 
4.  e.       e. 

»-M      JtmT. 
6-M       MK. 

6-16       So.. 
_  6-16        M#..  ^.     .. 

BoHorsAX  tXrrroN  MaRKara.— In  ratereaoe  to  ihaaa  markets 
mu  eorraapoodaot  In  London,  writing  andar  the  date  of  Oel 
•tU78,  eutaa: 

LiTaarooL.  Oet.  7.— Ths  following  are  the  prieea  of  mid- 
dliag  qoalltles  of  oottoa  oompared  with  thoaa  of  last  year: 

Beae  dale  IS74.^ 
^-OfJ.*IIid.^^Fr.*O.Pr.-,  ^O-Artaa-^     Vld.     ralr. 


L^Tis: 


•aalelaad.  16 
rierldado  u 
Ord. 
..  • 

..  • 

6 

R:  Orleaaa.  tM 
6kmM  the 


l» 

17 
L.M- 


60 
IS 
Mid. 


•6 

1* 
O.M. 


tll-U  616-16  in 
6  11-16  6  16-16  71< 
6  1V16  TM         IH 


the  year 


lUd.r 
tne 


•peenlatloa  aad  for  export  have  been  : 


U  61 

U  IT 

Mid.  »M 

»  SM 

•X      Hi 

traasaotioBa 


•6 

60 

M.P. 

»% 


"Wi' 


in.ii» 

|£t60 


IMfB 


»etfclsdat»-. 

itn. 

balw. 

16«,»I0 

11.610 

11.600 

6,160 
61110 


,— Aetaalezp.froa  Actaal 

LIT.,  Bull  i  otba  esB'tfrom 

oatportatodata-.  U.K.  in 

UTS.            I^T«.  t6T4. 

balM.         balw.  balee. 

116.7«          1»,m  M1I60 

•TOT          6t,6t6  6a,6«0 

T.obi       iiao  turn 

IM9      _tjm  mjOK 

~  601,060 


•Misn 


6n,tu      66r,«o 


BRE  ADSTUFFS. 

Fbidat.  p.  M..  October  S3,  1815 

The  flour  market  has  been  without  important  change  the  past 
week.  There  was,  at  the  opening,  some  improvement,  bat  it  has 
hardly  been  maintained  since.  Several  thousand  barrels  of  com- 
mon extra  State  and  Western  sold  for  export  at  $5  75@$5  85,  but 
latterly  sUippers  appear  to  have  retired  from  the  market.  The 
demand  from  the  West  Indies  and  South  America  has  been  only 
moderate,  but  the  local  trade  were  free  buyers.  Rye  flour  has 
been  qniet.  Com  meal,  at  some  decline,  has  been  quite  active. 
To-day,  tbe  whole  market  was  dull  and  weak. 

The  wheat  market  has  been  unsettled,  and  latterly  drooping. 
Foreign  advices  were  favorable  till  within  the  last  day  or  two ; 
but  receipts  have  been  pretty  free,  here  as  well  as  at  the  West- 
em  markets.  Ocean  freights  have  been  Arm,  while  gold  and 
exchange  have  been  declining.  There  was  on  Tuesday  a  verv 
fair  business  at  |1  38<<r$l  40  for  No.  1  spring,  $1  33<<i$l  34  fo' 
No.  2  Mllwankee,  |1  36^1  2S  for  No.  3  Chicago  and  Northwes^ 
$1  16^1  Sa  for  No.  3  spring,  and  |1  07(<£$1  10  for  rejected 
do.,  with  new  winter  red  and  amber,  inferior  to  good,  at  $1  13@ 
|1  38,  aod  white  $1  SStcf^l  47i.  But  tince  that  date  the  \ietitt 
grades  oi  red  have  declined  2(aSe.,and  the  whole  market  has 
■bown  weakness.  To-day,  the  market  was  dull,  and  to  sell  lower 
prices  were  necessary,  with  the  close  quite  unsettled. 

Indian  eom  declined  on  Tuesday  to  70@7(Hc  for  good  to  prime 
aail  mixed,  with  a  good  bnainess,  and  has  since  been  rather 
Brmer,  but  with  the  demand  mainly  for  home  nse,  tbe  shipment 
having  subsided.  Receipts  and  stocks  are  quite  moderoe  kt  al^ 
points,  bat  holders  seem  to  apprehend  that  the  new  crop  will  be 
fit  lor  market  at  an  early  day,  and  are  diapoaed  to  press  salesi 
when  thin  can  be  done  at  about  current  prices.  To-day,  there  wa^ 
a  good  JsMsnrl  for  sail  mixed  at  70i@71e. 

Rya  kao  bean  In  iCettar  demand  at  alxiut  late  prices.  Barley 
haa  bosB  in  bettor  damand,  and  the  offerings  have  latterly  been  a 
good  doal  rsdaead,  as  holders  are  inclined  to  insist  upon  better 
prices.  Barley  malt  is  unsettled.  Canada  peas  have  been  dull, 
aod  altbongh  nearly  nominal  have  closed  lower  at  $1@|1  03  in 
bond,  afloat.  Oats  have  baea  variable,  but  on  the  whole  doing 
rather  batter.  They  ara  recarded  aa  pretty  cheap,  and  attract  the 
aitaaUea  ot  speeolatoro.  To-day,  No.  8  Chicago  waa  firm  at  47(9 
47ic 

Tb*  fallowiaf  ara  dosing  quotationa : 

ru>oa.  I  UaAia. 

No.t V>^>-|4  lOtt  4  73 !  Wheet-Ma-nprlBc boeta.d  ISA  I  10 

•apertiM Mala  *  West-  '     .lo.  6iprin( 1  I6|  ;  1  SI 


BxtraSlaU.Ae. 

WMtera  Sprlac  Wheal 

•xtrae 

doXZaadXZX 

do  wlaUr  wheat  X  aad 

XX 

Oitj  ikipplac  ezma. .  . . 
CI  17    trade  aad  taallj 

braada.  

SoatkeTB  bakere'  aad  fa. 

mllybnada     

Boetbaa  Mpp*t  axtraa. . 

Rretsw.snrtas 

Corn aeat— WMtera,  Ac. 
Obra  aeal— Br'wtae.  Ac . 

The  aovamaat  In 

tows: 


6  06a  6  60)     Mo.laiirlBC 
6  TbS  6  60       Bed  Waelera 


660a  666 

•  6t8l  SO 

6iaa8  66 

0«i  640 


1  661  I  I  60 
1  101  I  1  IS 

Aaber  do 1  S0(  i  1  «0 

WUM 1  Sr)(  I  I  60 

Cora-WMtarBBizad...       66i  i     71 
White  Waaten f  ""^     '" 


Tellow  Westera.. 
Soatbem.jallow.., 

Rfe 

ilOO    iMIa— Black 

Mixed 

.  6  66       White    

T  IS    Barley— WMtere.... 
6  60)     Canada  Weet...  .. 

SS6       8UU 

4  Ml  Peer    Cenade 


T* 


7S 

"ii 

"« 

Si 
I  >  .... 

1  IM  I  1  so 

1  oa  1 1  IS 
'  ooS  ISO 


braadstntts  at  this  market  haa  been  as  fol> 


4T  aaw  Toaa. — 

>  ■        low.         .        Slaee    . I8TS. 

Fa  tbe     Slace         Jan.  For  tie     Since 

week.      Jan.  1.      I.  !<T4.  week^     Jen.  I. 

Floar.kMa.   M6J1»    IJOIISO   S-lTUn  «.a6a    1.480,661 

0.  aeaL**.       1.SS6       104.166       IVUtO  U86       144,416 

Wheat, hBalJM.60t  •4.SIO.S60  S6.6664i(  OillBO  K.tSI.StS 

Cora.     **  .    OHJIB  16,677 J60  M.U6M6  ttUM  11680,680 

Bre,       **         I4,0M       161  ISO       tAlSS  ...       164.610 

Barler.  "  .   SS6.««    1141464    MUtlS  ....             110 

OaU  ...*■  .    641316    7.6(1607    1610  4S8  16(0       101660 


azroBTs  raoa  law  roax.— « 

. 1874. , 

For  tb*      Since 

week.      Jen.  1. 

44.418    l.761,ia< 

1416       141604 

4*4.106  617KJM 

61167  tiaM,su 

1000 
1,000       101T*« 


Tbe  following  tablea  show  the  Hraln  in  sight  and  the  move- 
meat  of  Breadstnffb  to  the  lateat  mall  datea. 

nnCBim  AT   LAXK  AND  RIVBR   POBXa   FOR  THB  WBKK    nNDIMO 

OCT.  10,  1876,  AKD  moM  AuansT  1  to  oct.  16 

^         -  .» Ftoar,  Wheat,  Om.  Oata. 

bbla.  bash.  baeb.  bab. 

At-                      (USIbe.)  (60  tbe.)  (BOIbe.)  (Sllbe) 

ChlOMa. 4B,160  661066  681686  461666 

MUlSaW. S1IS6  6(1U0  IIJTO  •7,600 

Toledo^.. lias  667.4(6  TlfBS  SM4B 

Deuad 11,646  S6S.a06  11.116  44,641 

Clovelsai *lieO  41660  IISO  1T.660 

SLLoaiS 614(6  171660  yT.STS  601764 

Peofla. 1410  61660  dSOO  181S40 

D«ln» IMS  1>1S6S  

li8».06i     ~ 

16n.16B 

1(11646 

1061.110 

1004.866 

1.1I1.M8 

i,iai,;so 

Toul  Aat.  I  todsla..l,0(K6(  61M1.6« 
(ametlaeM74 U6MiO  ■4«lt68 

1876 l.»«16(6  •I.OdTII 

tmt 1,ltlS(0  I1466.I40 


Berlej,  Bye , 

bDih.  bnib. 

(181  be.)  (BOIbe.) 

ItUlO  61686 

61744  1640 
SL667 

6»,T8S  S66 
66,660 

61.616  110(( 

68,660-  n,060 


402 


TOE   CEOIONICLE. 


XOctQler.23,l-i76. 


PHIPMENT8  OF  Fi.om  ARD  GuAiw  from  lake  ports  from  Jan. 
1  to  Oct,  16,  inclusive,  for  four  years : 

Vloat,     Wheat,       Uorn,       Oa-.i,      Barley,       Rye, 

hWe.       bash.         hnsh.       hn»h.       hiinh.        tmni). 

Jan.  1  to  date 4.0I8,!)&2  4.$.893,J91  86,Wr,940  H,7«8,S9«  I.ins.8r)0     WX).'i87 

Same  time  1874 4,567,76.1  51,853,510  3!),J62,571  l.l,W.t,007  2,059.571  2.Fai,5l9 

Hamettme  I87S 5,0n«,0i6  44,935,7ti4  43,.}t-l.B53  1«,40:1.1SS  2,87S,Ri;5  1.1I«98'J 

S»mn  time  IWi 3,457,100  31,Ui,4i3  4a,a78,»0«  l.'),4as,947  ».614,780  !,lll,«l» 

llEOBIFTS  Oir    VLOUR    ANOSRAIN    A.T  SEABOARD  FORTS   POU  TUX 
'WBBK  STCDIKO  OCT.  10,  1875,  AND  FROM  JAN.  1  TO  OCT.  IG  : 


Floor, 
At-  hbU. 

New  York  83,819 

Boston 45,638 

Portland 4,8U 

Montreal 3T,H8 

Philadelphia «,8;0 

Baltimore 30,  W) 

NewOrleane 1«,179 


Wheat, 
>>ii8h. 
1,074,8  18 
10,68" 

368i479 

]15,B00 

BO.tOO 

4,607 


Com, 

bnsh. 
603.309 
1W.0)6 

21,400 
11 ',733 
157,200 

5i,300 
3,237 


Oats, 
bn«h. 
274.560 

H8,18fi 
S.fidO 
5,038 
93,100 
4.5,8i>0 
34,300 


Total 210,389    l,ij«,031     1,078,220       59*1,584 

Prevlousweek 251,199    1,007,018    1,-J«I,817       611,197 

Cor.  wcok'74 273,021     1,44!1,0J1     1,0M,B74        BI0,*i7 

And  28,797  bush.  Peas  nt  Montreal. 
ToUlJan.  1  to  date. 7.217,392  40.361,596  4S,05I.4J3  M.8t>3.4r,2 

Sirae  time  1874 .S.:J45,*21  51,726,581   l4.<Ji2.S06  16,076,7 10 

Same  time  1S73 7,376,!I5!I  3T.385.231  40,i8!.9'll   lS.l'f8,^29 

Same  time  1S72 5,683,446  15,8!0,n8  62,605,955  18,148,971 


Baricy, 

baah. 

244,660 

30,213 

88,457 

168,500 


481,a00 
2.52,5:13 
250,125 


Bye, 

hnab 
14,6«0 
1,401 


1,5r.o 
l,OQJ) 


18,661 
49,414 
19,836 


1,472,310  295,066 

1,319,5,6  7iiS,108 

1,610.512  !I96,585 

2,415.256  46'<,!M 


-The  Visible  Sopply  or  (inAin,  including  tlie  stocks  In 
ffttkV^ry  at  (t,a  principal  points  of  accumnlation  at  lake  anri 
seaboard  ports,  in  transit  on  the  lakes,  tlie  New  York  caoala  and 
by  rail,  Oct,  16, 1875 : 

Wheat, 
,bBeh. 

tn  store  at  New  York 2,547,512 

In  store  at  Albany    le.sno 

In  Btoie  at  Hiiffalo 215,726 

In  store  at  ChicaRO 8«,935 


In  store  at  Milwaukee 676,147 

Ihrtoreat  Quluth 139,,588 

In  store  M  Toledo 828,116 

In  store  at  botroit 3j9,22() 

In  store  at  Oswego* 120,000 

In  store  at  St.  Louis 496,635 

In  store  at  Peoria „ 12  579 

In  store  at  Boston.  ...sT.i'J..,  19,988 

In  store  at  Toronto -  281,889 

In  store  at  Montreal 227,568 

In  store  at  Philadelphia* 230.000 

In  store  at  Baltimore* 68.215 

Lake  shipments  1,989,593 

Rail  shipments 3(i8,5'4 

OnNewYork  canals.. 1.805,059 


Corn, 

bnsh. 

I,7li0.742 

24,000 

221,4:3 

1,02!,521 

84,993 


Oats, 
bush. 

411,979 
60,.'500 
61,391 

346,975 
44  327 


Totftl 11,2.39,159 

Oct.  9.  1875 9,662,427 

Oct.  17,  1874 11,102,650 

*  Kstimated, 


267,760 

3,279 

4S,000 

24,968 

147,098 

91,0.58 

600 

32,166 

210,000 

328,279 

621,664 

247,091 

632,443 

5,838,608 
5,967,392 
5,503,133 


816,872 

3i,<lo5 

25.000 

142,729 

108,079 

176,606 

7,426 

5.411 

70.000 

50,000 

2'l  1,985 

450,274 

416.350 

2,781.059 
2,744,085 


Barley, 
bnsh. 

26.65S 
119,000 

9-!,680 
2.50,111 

74,782 

36'S:)i 

2:5.810 

■.5,.500 

88,250 

M)2 

21.7^9 

273,992 

15,68i> 

22,5(0 

12.500 

23,797 

123,919 

623,000 

1,81.1,617 
l,27.H.68't 


Rye, 
bnsh. 

29L186 
8,40'1 


2,798,044^1,212,189 


99,381 
3.3,686 

3,573 
800 

iftia; 

73,«t1| 
449; 
(U5 

3.066 
3,500 
23,960 
15,848 
12,659 

315,102 
314,697 
144,751 


THE  DRY  GOODS    TRADE. 

Fridat,  p.  M.,  Oct.  23,  1876. 
Basiness  has  been  less  active  with  Tuanufacturers'  agents,  and 
jobbers' selections  were  mainly  restricted  to  small  lots  required  for 
the  renewal  of  assortments.     The  jobbing  trade  has  relapsed  into 
a  condition  of  comparative   quiet,    but   traneactious   were    about 
as  large  in  the  aggregate  as  is  usually  ihe  case  at  this  advanced 
period  nt  the  season.     Importers  sales  are  not  up  to  expectations 
and  recourse  was  had  to  the   auction   rooms   liy   several  leading 
houses  in  order  to  close  out  accumulations.     The  chief  event  of 
interest  in  the  general  market  was  a  peremptory  auctioa   sale  o( 
flannels  by  order  of  Messrs.  Faulkner,  Page  &  Co.,  which  in  point 
!-  of  magu.tude  was  the  greatest  public  sale  of  dry  goods  evermade 
-  in  this  country.     The  sale   attracted    an   immense   concourse  of 
buyers  from  all  sections,  all  of  whom  weie  well  acquainted   with 
the  makes  of  flannelsoifered, which  have  attained  great  popularity^ 
The  catalogue  called  lor  1,500  packages   but   so   brisk   was  the 
demand  that  2,200  packages  were  distributed  in  lots  of  from  one 
to  twenty-five  cases,  at  prices  which  were   eminently  Batisfactory 
and  probably  not  more  than  7^  per  cent  below  agents'  aakinif  rates. 
The  amount  of  this  great  sale  hag  n»t  transpired,  but  will  proba 
bly    reach    $400,000.     The    print    market    continued  weak  and 
unsettled,  and  leading  makes  of  mourning  prints  were  reduced  to 
7Jc. 

Domestic  Cotton  Goods.— The    market  his  not  recovered 

from  the  shock  given  by  the  reduction  of  Atlantic  slieetings  ladt 

week,  and  but  little  confidence  is  felt  in  present  prices  despite  the 

iamarkably  low  rates  at  which  many  goods  are  offered  ;   hence 

transactions  have  been  individually  light  iapart  from  cotton  flan. 

nels,  which  have  been  in  liberal  request.     Brown  and  bleached 

eheetings   and    shirtings   moved    slowly,  and  tickings,   denims, 

cheviots,  and   hickory  stripes   were   in  light   demand  fnm  first 

hands.     Corset  jeans   and   satleens   were   in   steady  request  for 

small  lots,  and  rolled  jaconets,  cambrics  and  silesias  were  taken 

\  1^  jobbers  in  accordance  with  the  limited  wants  of  current  trade. 

•Grain  bags  moved   steadily  and  in   considerable  amounts,  but  at 

-\jpVC  and   irrogular  prices.     Printers   were  more  liberal  in  their 

;'X)peration8,  and  extra  standard  64x64  print  cloths  changed  'Mtlds 

iljij  ft  considerable  aggregate  amount  at  4J@10c.,  30  days.     Prioiis 


~ ~ "T7~7 .    r--    ■■,.',     t„    ,-lprf.-...-     ■    ■''        .       '     '■■..Mir^'' 

itarther  b'fforts  liave  been  ma9e  hf  agsnts  to  get  rid  of  certain 
styles  at  very  low  figures,  and  a  few  heavy  sales  have  been  made 
in  this  way,  but  on  terms  which  have  not  trin^pirod.  Giug'uams 
have  not  been  so  quick,  but  the  supply  of  the  best  standard 
makes  is  almost  nominal.  Cotton  dress  goods  in  plaid  effects 
have  been  doing  well  in  the  hands  of  both  agents  and  jobbers. 
Cotton  batts,  carpet  warps  and  twines  have  severally  been  in 
steady  request. 

-  D0HE8TIC  Woolen  Goods. — The  large  auction  sale  of  flannels 
mentioned  above,  had  a  depressing  iuflueace  upon  tiie  market  lor 
this  class  of   fabrics,  for   a   few   days,  but   the   excellent  prices 
obtained  Impartel  strength  to  values  at  the  close  of  the  week  and 
lair  sales  were   effected   by  leading   agents.     Blankets   were   in 
limited   demand  by  jobbers  and  retailers  but  transactions   were 
mostly  of  a  hand  to  moulh  character,  and  were  only  moderate  in 
the  aggregate  amount.     Fancy  cassiraeres  remained   quiet ai    d 
while  a  few  meritorious  styles  were  held   by   agen's   at  opening 
prices,  concessions  were  freely  offered  on   many   makes   in   order 
to  stimulate  a  more  active    movement   in   heavy    weight   goods. 
There  was  a  steady  demand  for  moderate  lots  of  beavers,   chin- 
chillas, elysians  and  fancy  makes  of  overcoatings,   and   stocks  of 
these  goods  are  much  reduced.    Light  weight  worsted  coatings 
for  spring  wear  have  been  more  inquired  for  by  tlie  clothing  trade 
who  liave  placed  some  fair  orders   for   November   delivery,  but 
heavy  weights  were  less  active.     Cloths  and  doeskins  ruled  quiet 
in  agents'  hands,  and  Kentucky  jeans   and  satinets    were   dull. 
'^  orsted  dre.is  goods  continued  active  and  the  supply  of  leading 
makes  is  barely  suflicient  to  meet  the  demand.     Linseys  remained 
inacuve  and  weak,  and.  some  makes  were  sent   to   auction   with 
discouraging  results.     Felt  skirts  and   shawls   were   in  moderate 
demand,  and  some  improvement  was  observed  in  fancy  hosiery, 
Cardigan  jackets,  nubias,  &c. 

Foreign    Duy  Goods. —  There    was    a    slow    movement    in 
imported  fabrics  from  first  hands,  and  importers  sought  a  market 
in  the  auction  rooms  for  some  important  lines  of  goods.     Among 
the  dress  golds  sold  at  auction  were  the  famous  "  Lupine"  fabrics, 
manufactured  by  Auguste  Seydoux,  Sieb?r  &  Co.,  and  the  produc- 
tions of  Fevez,  Freres  &  Charvet,   which  realized  fair,  although 
not   very   remunerative   prices.      Black  cashmeres  and   merinos 
were  in  good  demand  and  firm,  but  alpacas  and  mohairs  were  less 
active.      Colored. dress  silks  and  low  and   medium  grade  black 
silks  were  in  fair  request,  and  more  activity  was  noticed  in  trim- 
ming  and   mantilla   velvets.      Linens  and    white    goods   moved 
slowly,   and    Hamburg   embroideries   were   less   active.     Messrs. 
Goldenberg  Brothers  &  Co.  made  a  successful   sale  of   real  laces 
through   Field,   Morris,  Fenner   &  Co.     Woolen   goods  remained 
very  quiet  in  first  bauds,  and  jobbers'  sales  were  only  moderate- 
vVe  annex  prices  ol  a  few  articles  of  domestic  a»anuf.iciure; 
Cotton  Sail  jancTi. 


Dmid 

No.  8 25 

Mills  and  Fleet 

No.  9 24 

USA  Standard  29)^  in. 

No.O 

N0.IO 22 

do          80Z.    20 

No.l 

.     38 

do          » (iz.     22 

N0.2 

.     36 

Light  duck- 

do         lOuz.     54 

N0.3    

.     34 

Boar  (8  oz.)  29  In..     17 

do         12  oz.     29 

No,4 

.     32 

do  heavy (9 oz.)...    20 

do         15  oz.    iib 

No  6 

.  so 

Mont.ltavens  Main.    19 

Ontario  Twl»,a)in.    21 

N0.6  

.     28 

do          40in.    28     1            do           36in.    S3 

N0.7 

..     26 

1  Ex  twia'Tolhem's"    U 

American 

mm 

Ontario  A 27  00       Stark  A 27  00 

Amoskea^; 

24  .50 

do      B 8100          do    CShnsh      39  00 

Excelsior 

27  00 

do      C 88  00          do     ajibnsh      3100 

Lewistou 

25  00 

PowhattanA.-      25  00       PliilaA '.       ao  00 

Franklinville.. 

24  80 

do         B..      35  00     1     do   B 85  00 

Mojitaiip 

25  00 

do         0..      40  00     1      do  C.      ,.M»      «'  00 

Granger 

25  00 

4 

Atlantic 23  CO 

Donltns. 

Casco 87  00 

Amoskeag.  — 

20 

Cordis  XX  brn           12J< 

ThomdikcA..           lOJ 

do       B.... 

15 

do      X  brn            IIX 

Unrasv'e  UCA.           14 

Boston 

9 

Everett 20 

York  20 

Beaver  Cr.AA. 

15^ 

Lewiston 20 

Warren  AX  A.,           16 

do      BB. 

13X 

OtlsAXA 16 

do      BB....           It 

do      CC. 

u« 

do  BB   14 

do      CC.   ..           12 

Carlton  

doCC 12 

Oold  S.Icdal . . .           10 

Colnmh'n  h'ybro      18 

Pearl  River  .  .          19 

Haymaker 10 

do  X.XX  Drn 

•     n 

Palmer 10 

'     Ckocks. 

Cnlcdonia.No.7 

•      isjf 

Far.&Min.No.  10       22 

Union  M.  No.  50  17- 18 

do.  ■     No.8 

14 

PuA  MillB,No.50       1 1 
do        No. 60       14« 

do        No.  70       12 

do         No  9 

IB 

do         No.  80       13 

do         No.  10        18 

do        Ko  .?0       ',  6 

do         No.  90        11 

do        No.  ro       19 

do        No. 80       17>i 

do       No.  900       16 

Par.&  Mln,  No. 

5        12 

do        No. 90       19 

do       No.  800       IS 

do          No 

?       il 

do       No.ino       21 

do       No.  700       14 

do          No; 

Union  Mills.Nn.13     15 

Prodigy 15 

do         No. 

1   fr 

;  "       do        NP-20       17 

Lewiston  A 12 

do          No. 

■ ' 

dragged  heavily,  and  as  Sprague's  and  Allen's  mills  havff"Kg*ip 

mmenced   running,  stocks  have   begun  to  accumulafe,'  whife    pend 


Dirlso 18 

U.  H  9 

Itvint; 10 

Cftanjier 28- 


iresj  6  to  12. 
Pendleton    do 


I,,,.     Cotton  Batt*. 

-fOBanover ,. 10     I 

,|il,omnL',. IH     1 

'.j  JacKson..   20     | 

;  .|-IIonestIbjnn MH  \ 

(i.cCj  !;  ■• '  ^..'  . 

Cotton  Yarjuu 

I  8srgeaWt'«4o  12.1 '24 
I  Fonteuoy     do  24 


Kock  Island 15- 

Hii«si«ii.   r..  19 

Stand4ird  : 12 

Wyoming 13 


IXt,  6tol2 24 

XXX    do     2 


OctoSer  23,  1875.] 


THE   CHKONICLE. 


403 


iBaportatlons  or  Drjr  Goods. 

Th«  importetiona  ol  dry  got*U  at  this  port  for  the  week  ending 
Oct.  SI,  1875.  and  ibe  correepondinjf  weeki  of  1S74  and  1873 
have  bet>n  as  (ollowa  : 

BjiTsaco  roa  oaneamon  roa  rm  waaa  ainiiaa  oerosaa  >1,  IKl: 

. 18TS »      . 1874 .       •=— -'^g--^ 

PkM.    Valoe.       Pkaa.      Valu.       fkM*     Value 
■UBafactaresofwool....    aia     tMI.OST 
do  cotton..    48*       1W.7U 

do  tllk tel       181.414 

do  a*x 4M       101.1U 

lllac«Uaa«ona  iiy  (oodi.  447         y;,4«5 

Total..- Kvii     riM.O»l 


vt  ttukaoo 

»t9  I6«,4*« 

4<^S  Kt,VS 

&S7  101.130 

SM  l(>t.901 


MS       l«l..v>8 
«l       W^9U 


t,an    i««,Bn     «.m7    »86»,413 

wiTaoaAWii  Faox  wabbooom  x>d  naoini  laro  raa  hakkbt  dukiks  raa 
•laa  raaioo: 


Maoarutorat  of  wool 

714 

»«?«,:«) 

do                cotton.. 

m 

73.StO 

do               allk 

nt 

I»1.M7 

do               flax 

tM 

t&Ut 

JM 

n.atT 

ea  liTo.wo 

106  a,tm 

74  8I..J8 

IM  1W.U7 

173  K.SI4 


4W 
17t 


<1« 


(I- 


Sxports  or  JLeadluK  Ariieleafrom  Nenv  Y«rli. 
The  foUoiTing  table,  compileU  from  Custom  House  rfturnc, 
■hows  the  exports  of  leadioj^  articies  from  the  port  of  New 
York  since  January  1, 1875,  to  all  the  principjil  foreign  countrie?, 
and  also  the  totals  for  the  last  week, and  since  January  I.  The 
last  two  lines  show  total  g<i^u«a, including  the  value  of  all  other 
aitielea  besides  those  mentioned  in  the  table. 


|3-f|8||5=gSS5S£= 


'.in 


I 


ToUJ 1.481 

Addaat'tforeonawnpt'n  l,tSi 


tcii.am 
7s«.«ei 


tjm    wuit 


4.«B  «I.48l.ta8      S,M«  |1.3:«.M4 


Total  tkrownaponm'k't.  1,«M  tl.r:0.741 

BSTSBSii  voB  WABaaooania  oomnM  auta  raBMW 
Kanafactartaofwool  ...    gM     twt.ni         m       fH-***       ^^ 

do  cotton..    a»T       m,iBS 

do  allk IM       Va,Kn 

do  dax i7»      lIMtt 

MlacaUaaeoaa  tij  goods.     177       S7,nt 


ise 


v» 


M<14 

tr.TW 

10.404 


tl8 

eo 


ToUl    VM 

AMaat'droreoaaanpi'a  XXU 


\,Vlt     t3ll,<(S7 
(,907        W7.>U 


l.»!l 


ritfia 

itj.isa 
*:8:o 

9VI.»;3 


TjUI  aManda4  the  port.  4.110  |L«6,4U     ].9»  «l  Kt.)^     M*l(1.4:Si.o 
taarorta  or  I.o«4ilax  ArUeloa. 

Th.  fnitowlnif  table,  eompilod  from  Custom   Hoaoa   murna, 
'>reiga  import*  ot  leadinir  artieloa  at  thia  port  since 
J  I  ~    >.  and  for  tM  aama  porlod  of  1874  : 

ITba  ^OMtltr  U  g<T«a  la  p«ctax««  «h«a  aot  otharwlaa  apadOal.] 


Ohiaa,  OlaM  aai 


e«nn?  dolh 

Hair 

a«np.  Was. 

HMaa.*<:- 

Arlstlaa 

tt4ML4^, 

Ia«araWb«r 
ItbhI-...  ••- 

•awaliT,  Jta.- 
Jswaby... 


81  a** 
faa.I.'Tft  timaltfll 


»s 


m 


7jn 

«.Ui 
41^371 
10314 


cm 
to.«i» 


Ml 
».4»i 


%t.m 
1.1 


•M 
7«JM 

n.io« 


ILTM 


aavtso 

7,111 


Bfaea 

J*B.I,1i. 


Cailarr 

Uar^waia 

IraiL  KB.fean.. 

SpallarJ&'i;!!' 

Naal 

Tta,boza« 

^taalalM.lbs... 

'fl%(^.'  hbdiis '  loai  ik 


M.<M 


O'.'t]      lOMOO 

LOWIWaalaL ,  . 

t,l7»i'W!»»«, 


l,f*'  Anictu  rtporitaof 


tl.(ll 
T^.tll 

rt  - 


8srais 
time  1074 


It  14 

tM.lH 

:il 
« 


MOM    aaliM 

t.«t«|lOi]Aa ' 
m.Mi'.rkaeTi 


on.Mi '  raacT  gooda. 

rt.3r»'rt.i»   

dvrv-    -,   ' 

fO»        ."^gi*     

ItU      RaMaa  ..  . 
t«0.«n  ,H14«^ 
Rics  . 

4U0q     Ot^ar...... 

M«;|    rapiMr 

flallpalra.  ... 

t,(n    JTcnda- 

Nl'     Cork  

7«0.imi     raaUe 


liiS40|      llt.l|] 

l.«M,|-»    I.     I  -.IS 
40i*<*i       u  1L1 


I 

..,«UI0.»«,(17«9Ui 
..  0«ia»4|  i4.4«7 
..I  OMlMli  MOlOU 
t«.MI 


l.f,«,9l7 

I.in.4«l 

urstM 

-.li.710 


s  — • 


|p- 


If 

NoS  i : ;  =  5  :=5  •§»=  iS iia  .8 : :  s«ss  i ;  ;i  =|S 


«    S^-f 


'i     - 


«•*   i  ?i. 


0«0.lci 
1H.0M 

Ra7> 


7t.Sll 
I17.4M 
S11JM 
ttl,7» 

lli,IM 
tljtt 

uT.m 
i:s.ou 


domeatle  prodace  ainea  Jaanary  1, 1875,  and  tor 


Tbaraealpuof 
th*  aaaa  tim*  In  1874.  hava  baas  a*  follow* : 


AakM. 


Qo« bMa 


Qau...... 

Bfa  ...  y^.. .  ,, 
Krtvaadaalt 

ITtina bMa 


aaa 
OoMoa. 
Haaip.. 
Uldaa  . 
Boiis. 


Umal87t 


aiaea 
,raB.I.1S. 


U«.*M  l.l7Mn 
OfcflOAl*  S,<mjM 

to.onjH 

xmjM 

!4«.1W 

t.nM»4 

MlSm 

W.M4 

rs.7to 

lOtM* 


.  pk*» 


4^ia 

i,4i-!.r'« 

M.ll'J 

!<ii.i;« 

H*  J.-O 


I  PUak. 
Oilcaka. 
oil,  lard 

l^aaala baga. 

Piovialoaa— 
Battar  ....pk«*. 


Uainaau 

Bo* 

I'nrk 

B««r 

Lard _.. 

t.ird \«. 


...Xo. 


Moluwaa. 

MolaMa*. .     bbta 

W»T«I  Otaraa 
Cr. torp    ..bMa, 
"  itrluiafpaa... 


ssr 


4.  J 

M.'J' 


iJ<M.... 

Hacar..., 

T«now.. 

I  rabaeeo 

i;.««l  Tobacco. 

TAlakar 


..bbU 
..bhda. 
.pk«a. 


m^ 


bhrfi 

.btiU. 

balaa. 

•aaadHon  .So. 


Mia* 
UbmISM 


Km 
ni.or 

l.«7> 


.55 


«».73r)! 

i,on.7Sii 


J   :? 


ss:; 


liliS* 


=5  i  iSi 


fl :  M  ■  I : 


•  i 

8  : 

:    98§ 

"♦a 

zs 

«;-:: 

=  :i-3 

p 

82- 

Si 

£1 

;-S 

i  ;"S  .  : 

4- 

! 

=2 

;§§: 

S9 

1! 

:i 

a 


"Ui-g-'sfrf 


(if I IH  ■:  a. !«  :li5sl5  :f«5?8  |i. 


•4' 


II 

TStTK 

ItKol 

41.071 
|.-»,t4i 
S17»1 
40,n4 


404 


THE  CHRONICLE. 


[October  2S,  1875. 


UENERAL 

PRICKS  OJitKENT. 

Pot S    «  5^ 

BKB&DSTOrPS— Sii«>nenUlr«port. 
BUILUINQ  SIATKUlALS- 

ifr<cJfc4— Common  uara.aSoftt 2  75    •  6^ 

Croton il  00    «  14  OU 

PhllKrtelphU m  no   a  SO  on 

C«m«n(— f{'>Beudaie 1  15    ©  1  3J 

£(»>•— Uockland,  common i  00   « 

liookUnd,  ftnUhlnK 1  90   «  .... 

i>un>»«r— Southern  pine .  ..  85  JO   A  88  00 

White  pine  box  bowdi 15  M  9  18  00 

Whtteplnemerchan.box  boardo.  1^00   a  SI  00 

Clearnlne 4500    a  5S  00 

Oakar.d  ash 10  00  ®  45  00 

BlackWHinut 75  00   @I00  00 

Spruce  boardftft  iilantts IS  00    a  ^2  00 

Hemlock  boards  A  planka 16  00    a  20  00 

/ftrtb— ■.OaKM.com.fen  *  sb.V  keg   8  10   a  8  25 

OlIncli.lH  to  Sln.Alonger 4  75    a  5  75 

Sdflne 5  46   a  5  53 

Cutbplkes.allslzee 3  45   a  8  50 

iWnM— Lead.whlte.Am.pure.lnoll      lOXa 

Lead, wh. ,  Amer.,  pure  dry ej<a  9X 

Zinc.  wh.,Amer.  dry.  No.  1 7    a  7)J 

Blnc,wh..Ainer..No.l,lnoll llXa  12 

Parliwhlte.Enirllsh,  prime  gold...    1  30    a  I  35 

UDTTKK— (Wholesale  Prices)— 

Half  flrkinB(Eiiat'n/ 308  toselectlons      32   a  S3 

TVelsli  tuba,         "        "     Uta         ...       ii   9  80 

Halfflrklna (West'n)  ••       "         ....       IS   a  28 

Welsh  tubs         "        "       "          IS   a  88 

OHKKSK- 

New  State  factory,  fair  to  good 11X9  ISh 

We8torn,gooa  to  prime 8    a  lOK 

COA 1,- 

Anthracite  (by  cargo) 5  75    a  6  75 

Llverpoolgas  caanel ®  18  00 

Liverpool  house  cannal 3  16  00 

OOKFUK- 

Ulo,  ord.  cargoes,  OOaso  days,  gold.      19)^3  jgu 

affair,                  do        gold.       loja  20 

do  n<«>d,               do        Kold.      20i<»  20X 

do  prime,               do        gold.       aoj®  n 

'  Java, mats  auQ  bags gold.      26    a  28 

NatlveOeylon (<uio.       21    a  22 

Maracalbo   „ gold.       20    a  22 

Laguayra gold         ....-«  21 

St.  uomingo gold.       18    a  18H 

Savanllla gold.      20®  2i>j 

CosURIca    gold.       19   a  all? 

Bolts g  31 

Sheathing,  new  (oyer  12  oz) ^  30 

Brazler8'(OTer  I60Z.) O  31 

American  Ingot,  Lake 23)^3  2SM 

COTTON— See  special  report. 
DKOOS  &  DYES- 

flora, lump 2^a  2^ 

Argols, crude gold.       17    a  24 

Vrgols.refined '•          28    a  3"« 

Irsenlc, powdered ••            sua  oQ 

Bicarb. soda, Newcastle ••       4  S7wa 

BIchro.  potash.  Scotch "           18X3  isii 

Bleaching  powder "        lS7)<a  2  oew 

Brlrastone.crude,  per  ton ••        ,         &  40  00 

Brimstone,  Am.  roll »».        sj^a 

Camphor   refined 23Ka 

Ca8toroll,E.l,lnbond,  VgaL.gold.       70   a 

Caustic  soda ••       4  50    a  4  60" 

;}Ulorateiiota8h ••           20    Q  •'Ok 

tjochlneal, Honduras *'          ti   a  55 

Sochlneai,  Mexican "         42Ka  45 

;ream  tartar "         m   g  35 

3ubebB,Ka8t India \    ,       l(}>j(3 

Jutcb gold a  'eU 

Sarabler  ••        5  S7Xa  6  00 

(Jlnseng cur.    1  10   a  115 

Glycerine,  American  pure '*  16   a 

Jalap •*          13   <A  is" 

Licorice  paste, Calabria... 88   ^  33 

Licorice  paste. Sicily 25   ig  jg 

Llcorlcepaste.  Spanish,  solid.,  .gold       20    (a  so 

Madder,  Dutch "           jta  oj. 

Madder, French "           jCS  W 

i^utgall8,blne  Aleppo 14a  14C 

or.  vitriol  (Ti6  degrees) IVa  iv 

OiUum,  Turkey  ....(In  bond),  gold 3  450 

Prussiate  potash, yellow.  Am SS    a  83k 

Quicksilver gold.      91    a  95 

Qntnine cur.    2  3(i    a  335 

Khubarb,  China, good  to  pr V  ft.       4-5    (3  150 

Sal  aoda,  Newcastle gold     147^^  150 

Shell  Lac 5.5'  a  87 

Soda  ash,  ordinary  to  good gold    1  95    a  S  06v 

Sugar  of  lead,  white 18    q  isQ 

Vitriol,  bine, common 8>ia  8J^ 

KI8H—  Store  PncM 

Oeorge's  and  Grand  Bank  cod 5  00   a  6  25' 

Mackerel,  No.l,  shore  (new) ^  30  00 

Mackerel,  Mo.  1,  Bay @ 

Mackerel, No. '^.  ahore  (new) 3  18 '66 

Mackerel.  No.  2,  Bay ta 

FLAX-                                                                      ^  '••■ 

Vorth  Klver.prlme •  ft       15    a 

IfHlJIT— 

Raisins,  Seea  less,  new 6  00   a 

do     Layer,  new 2  50    a  2  55' 

do     Sultana,  new 15ka 

lo      Valencia,  new... 11    3 

do     Loose  Muscatel,  new S  85   a  4  66" 

Currants,  new Tva  ju 

Citron, Leghorn,  new 245.9 

ernnes,  Turkish Ska  "<i" 

do        French.new  Dj^O  15 

Dates, new    5^a  5u 

i'lir!,n.fw 14    1^  17" 

CantonGlnger  V  case 3  8  00 

jarrtlnes,  »  ht.  box cur.       IKS®  23X 

Sardines,  ♦  or  box ••          14    ^  n^ 

Macaroni,  Italian a  14 

Domestic  Dried— 

Apnies,  Southern,  sliced,  1875  crop.       11    a  12k 

do              "        quarters  9    a  10^ 

do      State, sliced 11    a  13 

do          do    quarters 10   a  n 

-I0       Western.  qu-*rtera.  9ua  10 

■>*ches.  oared  Western a 

do       do  Ga.  goo  1  and  prime \'i' m  is 

do       rti    N.Carolina,  prime a 

10     nnpared,  halves  and  ora 9V'A  in'u 

><  acklierrles.new a  13 

Riapberrles.  new 32'  a  33 

Cherries a  "6 

Plum"     ••     •• a  80 

HEMP  AND  JUTE- 

Amertcan dressed Vton.  190  90   a2i^  on 

American  nndrened 1811  00   ®i4n  00 

Knssia, clean gold. 820 'jo   a225  UU 

Italian "    360  00    &275  00 

Manila Vft    **           7    a  7V 

Sisal •■  5  S 

Jute "           sua  "5" 

eiJNiriBB,— 8m  report  ander  Uottoa. 


OUNPOWDEB- 

BLaaTive,  tob  BaiLBOacs,  *o. 

Boda,  any  slie  grain,  lu  25ft  kega aj  50 

Saltpetre         do  do        ,8  00 

SPORTJMS. 

Electric,  Nos.l  toBgralu,  inl  n  an.  cans 1  00 

Diamond  grain,  In  in  cans i  00 

Orange  lightning,  Nm.  1  to  7,  in  1ft  cans.!.!!!!    1  00 

Suncrdne  uagl,!  sporiin.'.  In  1ft  oval  cans 70 

American  snorting.  In  1ft  oval  cans  70 

Orange  ducking.  No».l  to  5.  in  Iftcans  .1"!  ".        To 

I'uck  Shooting.  X08.  1  toS.lneXftkegs 3  44 

Ea.jie  duck  shooting,  >o8.  1  to  3,  In  6U  ft  kegs  3  44 
Orange  ducking.  Nos.  i  to  5.  Inij*  ft.  kegs  .  8  44 
Kagle  duck  snooting,  No«,  1  to  S,  likft  kegs,  6  88 
DuckShootlnir,  ivos.l  to5  gr.,  18!<tt8.      .  6  88 

Hizard'sRentucky  rifle.  In  oval  Ift  cans      .  45 

l)Oponfs  rino  Fg.FKK,  FFFg.lft  cans 45 

Duponfs  rifle,  FVg.  TVVg.ti'at ..,..     1  45 

Hazard's  Keniuckv  rifle,  FFFg,  FFg,  and  Sea 

Shooting  Fg,  e^ftkega 145 

Dupont'H  rifle,  FFg,  FFFg,  likft  k.!gs 2  62 

Hazard's  Ke  itucky  rifle,  FFFg,  FFg,  and  Sea 

ShootlngKg^nHH' keus j  63 

Orange  rifle,  Fg,  Krg.  FFrg,  25B  kegs 4  75 

Haztrd's  Kentucky  rifle,  Fg,  FFg,  FFFg.  25ft 

legs .*; 4-5 

Dupont's  rifle  In  25ft  kegs 475 

HAV- 

Sh'nr-'na.  ...     ViMft 

aiDKS- 
I>rv— BnenoB  Ayres,  selected,  gaiu 

.Montevideo,  do.,..     " 

Corrlentes,  do....     •• 

Hlo  Grande,  do....     •• 

Orinoco,  do....     *• 

California.  do....     ** 

Matam.  andMex.  as  they  run     " 

Maracalbo.  clo....     " 

Babla,  do...,     " 

/>rv^aUa<f— Maracalbo,  do....     " 

Chill,  do...,     •■ 

Pernambnco,  do.,,.     " 

Savanllla,  do....     " 

Bahia,  do....     " 

ITet^alted— Bnen.  Ay.selected     '• 

Para,  do...     " 

California,  do....     •• 

Texas,  do....    cur. 

A. /.j?eocJt— Calcutta  8laught...  gold 

Calcutta,  dead  green •• 

f'alcntta  buffalo •• 

IRon-- 

Plg, American, No.l Jv 35  Oil   a  81)00 

Pig,  American, IiO. 3 ;.,...  is  00   u  24  00 

Pig.  American,  Forge 30  00    a  32  10 

Pig.  Scotch    SO  00    a  33  00 

DO..  ...  .  Store  Pricen, 

Bar.Swedes, ordinary  sizes 130  00   iai40  00 

Scroll 77  50   (812;  50 

Hoop... 88  50    @I32  50 

Sheet,  Uuasla.  as  to  assort gold.       13>ia       13^ 

Sheet,  single,  double  &  treble,  com.  4  a  4y 
Balls,  new,  Kngllah golrt  50  00    a  52  00 

do    new.  American cur.  50  00    a    

LEAD- 

Ordlnary foreign *  100  Iba,  gold  7  UH% 

r.         .1-  ..     5  50   a    5  jjw 

8X1 


65  a 

i\  a 

22),-a 
20><a 
20Ha 

8'.H« 
21X® 

19  a 

i«xa 

i6ka 

...    a 

16  a 


luKa 
...  a 
10  a 

9k« 

uka 
...  a 
10  a 


24  >» 
21' 


13H 

ISK 

14 

13H 

11 

9 

ii" 

14  S 
12 


Domestic. 

Bar 

Sheet 

LBATHBB- 

Hemlock,Bnen,  A'res.h..m.ftt 

"       California,  h.,  m.  ft  1 

"       comm'n  hlde,h.,  m.  Al.... 
rough 


9X® 


86 
25 
25 

86 

Slaughter  crop 38 

"-■'      -      ■  27 

31 


Oak.  rough 

Texas,  crop 

MOLASSKR— 

Cuba,  centrifugal  and  mixed 

Cuba,clayed 

Cuba,  Mns.,  refining  grades 

do      do    grocery  grades. , 

Barbadoes 

Demerara 

Porto  Kico 

N.  O.,  new,  fair  to  choice  ..  II  gal. 
NAVAl.  STOUES- 

Tar,  Washington 2  12ka 

Tar,  Wilmington    3 

Pitch,  city 3  00    IS 

Spirits  turpentine Vgal'i.      48   a 

Rosin  com.  to  good  straln'd  #  bbl.    1  85    ol 

••      No.l 2  5«    a 

"      N0.2 200    a 

"     pale  to  extra  pale 4  25    ^ 

'•     wludowglas. ^ 


25  IS 

33  a 

32  a 

36  la 

40  -a 

87  a 

40  a 

56  a 


7jfa 


OAK  CM— navy  to  best  quality...*  ft . 

OIL  CaKE- 

Clty,bag gold  38  00 

Western cnr.  44  00 

OILS— 

Cotton  seed,  crude  48 

Olive,  in  casks  V  gall 1  is 

Linseed,  casks  and  bbls ^ 

Menhaden. prime  L.  I.Sound 35 

NeatBloot 85 

Whale, bleached  winter « is 

Whale,  Northern 

Sperm,  crude ,..  „ 

Sperm,  bleached  winter 1  83    la 

Lard  oil.  Winter 107    a 

PBTBOLKHM- 

Grnde,  In  bulk 

Cases 

Refined,  standard  white 

Naphtha,  City,  bbls 


35 
31 
34 

SO 
34 
35 
40 
42 
50 
50 
63 

2  2.5 
2  25 
2  10 
43X 

1  95 
4  no 

2  M 

6  00 

7  00 

9* 


a  39  00 

la  44  50 


50 

I  20 

58 

87 

1  311 

80 

70 

1  50 

1  85 

1  10 


..  a 


7Xa 


iS« 

13K 

11 


PKOV1SION8- 

Pork  new  mess V  bbl. 

Pork,  extra  prime " 

Pork,  prime  meHR *' 

Beel,  plain  mess,  new " 

Beef,  extra  mess.    "    •• 

Beef  hams,  new " 

Hams,  smoked fl  ft 

Lar>i,  City,  steam 

BICS- 

Carollna,falrto  prime 

Louisiana, goodto  prime 

Rangoon,  In  bona gold. 

Patna 

SALT— 

Turks  Island 

St.  Martin's 

LivarnoQi  .varionn  sorts V)  BSRk. 

SALTPETRE— 

Refined,  pure  < lift 

Crude gold 

Nitrate  soda " 

Clove%  Weaterc V  ft. 

Timothy VbQIll. 

Hemp,  foreign 3  00  a 

Flax, rough 1  S)   a 

Linseed  ()aloatta  «i  Siftgolu  (time) • 


21  55  « 
16  00  a 
19  SO  a 

!2  00  a 
18  00    a 

..(a 

:6    ra 

iSKa 

6X  '. 

6«® 

23    @ 
28    a 

1 40  a 


22  00 
16  50 
20  00 


25  00 
16)4 


85 

SO 

8  60 


5xa 

3X3 


2  85  a 


13H 
"3X 

11 

2  60 
305 
1  60 
181X 


81LK- 

Tsatlee.Nos.S  toS v  ft 

Taailee,  re-reeled 

Taysaam,Nos.l  A3 

Canton,  re-reeled  No.SCotngoun!." 
8PELTKR- 

yorelgn <oo  ft. gold. 

Domestic cnr. 

8PICES- 

Popper,  Batavla. gold 

do         Singapore 

do        white , 

Uaaslu,  China  LIgnea 

do       Batavla 

Ginger  African 

do     uaiuntta 

Mace  

Nutm egs,  Batavla  and  Penang. .'..'."." 

Pimento,  Jamaica 

Cloves 

do    stems  ".',*...,".'.'.'.'.' 

8PIRITS- 

Brand),  foreign  brands •>  gal  . 

Hum — Fara.,  Uh  proof " 

Bt.  Croix, Sd  proof " 

Gin •• 

Domestic  Uquors—CvM^. 

Alcohol  (90  per  ct)  C*  W cur 

Whisker •• 

STEEL- 

•   Rn'/li8h,casi,8dAlstquallty  Vftgold 

Kni^llsh,snrinK,8d  A  1st 'lUallty..  " 

Kniili8hbli»Ier,8d&  1st  quality..  - 

Kn^'llsh  machinery " 

English  German, 2d  tk  1st  quality  " 

American  blister cnr. 

American  cast,  Tool 

American  cast  spring 

American  machinery 

American  (jerman  spring 


5  39    a  5  75 

S  CO    a  5  75 

4  75    a  5  W 

4  75    fe  .... 

7  12X»  7  37K 

....     a  739 


16 


^« 


9k 

I  1.5 


2<xa 
33  a 
23  a 
11  a 

.  !X» 
1 10  a 

1  mn»  1 05 
18  a 

no  a     .... 
17  a     .... 

gold. , 

S  90  a  !9  00 
3  65  a  7  00 
3  15  a  »  65 
S  00    a    3  25 

3  85    a    3  27H 
1  17    • 

iS»or«/VfcM. 

i4H«s       17 
6lia 

9  a 
loxa 
losa 


a 


8DGAR- 
Guba.lnf.to  com.  refi!"ng 

do    fair  to  &ood  refining., 

do    prime,  refining 

do    lair  to  good  grocery 

do    centr,hhds.A  bxs,  Nos.  8®1S 

Molasses,  hhds  &  bxs 

Meiado 

Uav'a, Box,D.  s.  Noa. 7a9 

do         do         do    10ai3 

do         do         do   lSai5 

do         do         do    16ai8 

r<o  do  do    19a20 

do         do  white 

Porto  Rico, reflnIng,com.  to  prime, 
do         grocery,  fair  to  choice. . 

Brazll,bags,D.  S.  Nos.  9all 

Java,   do.  D.S.,  Nos.  10al3  

Manila,  superior  to  ex.  sup 

N.  O..  refined  to  grocery  grades 

Refined — Hard,  crushed fift 

Hard,  powdere- 

do     graonlateu 

do     cut  loal 

Soft  wbite.  A,  standard  centrix.,. 
do      dii      oiT  A 

White  extra  C 

Tellow      do       

Other  Yellow 

TALLOW— 

Prime  city,  *>  ft » 

Western,**    

TEA- 

UyHuu.CommoB  to  fair our, 

do     Superior  to  fine 

do     Extra  Que  to  finest 

do     Choicest 

young  Hyson. Com. to  fair 

do         Super. to  floe 

do      Ex. flneto  finest 

do       Choicest 

9unpowder,com  to  fair 

do  Sup.  to  fine 

do   Ex.  fine  to  finest 

do   Choicest 

truperlal.  Com  .  to  fair 

uo        Sup.  to  fine 

do        Extraflne  tofinest 

Fyson  Skin.  A  Twan..com.  lo  fair. 

do  do      Sup. to  fine 

do  do       Ex.  fine  tofinest 

Uncolored  Japan, Com.  to  lair 

do  Snp'rtofine 

do  Ex. flneto  fineat 

Oolong,  Common  to  tair«*M 

do     Superior  toflne 

do     Ex  flneto  finest 

do     Choicest 

Bone.  A  (Jong..  Com.  to  fair 

do  Snp'rto  fine 

do  Bx.  flneto  finest 

TIN- 

Banca 

Straits 

English •• 

Plates. T.  C.charcoal " 

Plate8,char.terne '* 

TOBACCO- 

Kentncky  lugs,  heavy 

leaf,     "      

Seed  leaf— Connecticut  wrappers'7S 
••  Conn.  A  Mass.  fillers.  •7S. 

Pennsylvania  wrappers.  '72 

Havana,  com. to  fine 

Manufac'd.ln  bond,  black  work 

"  "    bright  work 

WOOL- 

Amerlcan  X  .\ *  ft 

American,  Nos.  I  A  8 

American, Combing 

Extra,  Pulled 

No.l.  Pulled 

California.  Spring  Clip- 
Superior,  unwashed 

Medium 

Coarse 

Bnrry 

South  Am.  Merino  unwashed 

Cape  Good  Hope,  unwashed 

Texas,  fine 

Texae,mndinm 

Smyrna. nnwashed      gold. 


7  • 

8Ka 
8)4  a 

8  a 
<xa 
5  a 

6X4 
7K3 

sxa 
9xa 

103<« 

»9<a 

jxa 

Ska 

7xa 

*<  a 

7Ha 

...a 

11  a 

loxa 

loxa 

loxa 
10  a 
9\a 

9xa 

9  a 


9jra 
...a 

29  a 

s:  a 

49  a 

75  a 

so  a 

88  a 

60  a 

90  a 

29  a 

42  a 

65  a 

1  (0  a 

37  a 

36  a 

98  a 

24  a 

27  a 

NomI 

87  a 

48  dt 

60  a 


gold. 


34 

s< 

59 

85 
87 
86 
58 

84 
80 

7  35" 
700 


8  la 
9ka 

20  a 

7  &, 

18  0 

8C  a 

17  a 


7 

14 

11 

ilk 
9 

16 
10 
II 


Vi 


»x 

lOX 
lOX 
8X 

7V 

7X 


lov 
ion 

ioji 

lOX 

»X 
9k 
9k 


9X 


39 
40 

n 

85 
33 
55 
80 

1  10 
S« 
95 
80 

1  20 
34 
48 
Ti 
26 
29 

Qal. 
42 
54 
79 
81 
52 
70 
97 
S4 
S3 

m 


19X 
790 


9 
18 
45 
8 
85 
1  06 
30 
50 


ZINC- 
Sheef. 

KRBIGHTS- 

ToLlYBBPOOT.: 

Cotton *  ft. 

Flour »  bbl. 

Ideavy  gooila.  .V  ton. 

Oil 

Corn.b'Ik  A  bga. »  bn. 
Wheat,  bum  A  bags. . 

Beet V  tee. 

Pork Wbbl. 


..V  ft. gold, net 

.-  aTBA*. — 

«.  rf.    n.   n. 

....e-.t-K 

....a  ... 

40  0    S53  0 
400    a.... 

9  a... 

9X9    10 

70  a,... 
4  9  a.... 


43  <a 

43  a 

55  (& 

43  a 

27  a 

26  a 

26  a 

■23  n 

19  a 

39  a 

38  fe 

23  tl 

38  & 

IS  *. 


9    IS 


4S 
50 
65 
46 


32 
SO 
35 

82 
.=12 

m 
SS 

S3 
83 


•x 


a<  n . 

-.  d.  «.  rf. 

....a       S-16 

36    a  .. 

85  0    a  SS  0 

35  0   a  .... 

sxa  .... 

9    &  .... 

4  6a  .... 

SS   a  .... 


xtmtk 


HUNT'S    MERCHANTS'    MAGAZINE. 

REPRESENTING   THE    INDUSTRIAL    \ND  COMMERCIAL   INTERESTS  OF  THE  UNITED   STATEa. 


VOL.  21 


SATUttDAY,  OCTOBhRaO.  i«T5 


\(  I 


540. 


coNTe^!^8 


The  iMtf  Mt  !■  flaw 408 

TbcClMMlac  Bans  Smart....  4M 
Om«  rtoM  and  tb*  Kv  b- 

MimaMUw 407 


TBI  CHBOinCLB 


Uslud  HtktM  laporu  aod  Kz- 

pottt  lor  MpUmbar t09 

_  TBM  BAMKSSS'  OAUrTTB 

■oMv  HMfcM.  0. 8.  8«nt<i«a, 


Th*  Pradaetloa  and  Cooaaap- 

Uon  or  Soaar... 
laiMl  MaajhfTa 

BafHakRawa 

OaaaMreW  ca4  Mliiallaaaaai 

Rewt 


_  Btrfcanca,  Baw  Torit 
OItT  BaaH.  BoaMa  Baaka. 
PUWaalpUa  Baaka.  Nattoaal 

THB  OOMMBwatl. 

OaaavcUl  Bptloaa 411 

OMinn „ 4n 

Br«"*ia*«   4U 


(laoUUooa  of  SCceka  aad  Bond* 

iDTaaUaaai  nti  Btata,  0117  aad 

Oofpamtloa  Flaaaaaa..  ■ 


meaa 


41« 


417 


4M 
4t8 


9lt)e  tflironicle. 

TaaCOMWMCIAL  AND  FlNAJICIAI.CHROKICI.Bi*  il»U«4  mk Bttur- 
dag  momiHt,  mitk  Ma  tolMf  im«m  up  to  siMn^JU  •/  l^fiimg. 


ABU  ni  BBTAap, 


ladtir 


TBBHB  or  •BBMBimim-PAr 
raa  Oaaaaaetu.  am  fDUJKaAi. 
a  >b«olkan,  aad  aaOad  lo  an  alkan: 
rar  Oaa  Taar  (tadadtagnMi^i). 

Var  Biz  Mattel .T..:...T.  ,. 

Bataertpdeaa  arm  ba  easUaaad  aalll  ofdaiad  aloppad  bg  a  wrtttm  arrU 
•raKWjaMaarlaaaftaL    Tb*  PabUifeata  aaaaat  ba  laapoaalhla  far  Baaii- 
taaeaaaalaaa  aadai^  Orafu  ot  Poaj  0«ea  Baaay  Ordaw. 

TMaalaal  adnftlaaanaH  aia  pabMabad  at  M  aaala  par  Baa  for  aark 
laiaMlaa,  bat  wbaadalaWa  aadan  atachaatard*ai,afaaNLkMar<l«aa.  • 
llbani  dlacoaat  la  ■ad%  Bo  piialii  at  loallaaaM  »alMMlliig  !■  tb«  bwt 
■hca  aaa  »a  glta«.aaall  adrartlawi  aaat  bata  maal  ajBatWiHaa,  Baae-al 
BatfenUBaaldiW  aadriMadal  aoinaa  «  eaMi  par  taa,  aaah  Iwaitfoa. 
V»m*ma  >■— . 
TbaUadaaaaaaadltaOKaoooLa  U  at  MO  Aaatto  FHara,  Old  Broad 
atiaat.  «baia  aabaartptlaaa  ara  laaaa  at  tba  followlac  raiaa : 

AaMal  Babaartoliaa  f  Iba  Cbrealcia  QacladlBi  poaia<«) t»   U. 

Btzamlba'aAialpdaa .vT..  .  1   U. 

vnuAB  a.  DAIA.    I          WIUAAU  B.  DABA  k  00..  PaMlakat^ 
_        ■ -  TTBW  T< 


#oa«  a.  rLOTS,  n.  f 


T«  aad  tl  WlUlam  Bttaat,  WBW 
Poor  OmoB  Box  4  ! 


rOBX. 


Vr  A  ntal  tl»«»<m  !•  fanilthtd  at  MecoU;  poataca  oa  tb«  tama  l«  14 
caata.    VotamaaboaadtortalMcrlbaraaltl  M. 

BIT  A  eoaptata aoi  of  tbaOrow— mi  ant  FBAaoui.  C— ewMfca— July 
Um,  ID  ilaia  la  fur  Mia  at  tba  aSea.  Alao  oaa  aatof  Uovr'a BaassAa t* 
NAOAaiaa.  Mi  ii>  Uni.  atztr-tbra*  Tata  aaa. 


C^Thr  Ba>lM«>   n'tataeal  uf  th<-  Paii'nviCLa  !•    mioawtad  aaocK 
PImikM  lDlare>'.<  In  Nnr  York  Cttr  hy  Mr.  Crx).  W.  JonM. 


TIK  IICITEMEM  1.^  GOLD. 
The  feverinh  movcmcnUi  in  gold  this  week  offer  a  new 
illnstrmtion  of  the  instaMlity  and  iinr>crtAinty  which  papir 
monej  hu  given  to  'iir  financial  syntem,  and  whiiii 
nothing  can  wholly  relieve  iia  from  bnt  the  resumpti'ii 
of  specie  paymenta.  The  chief  eaases  to  which  tin 
oaoUIations  in  the  gold  room  have  been  aaoribed  are  tlu' 
fire  in  Virginia  City  and  the  pre-payment  of  the  Treaanr>- 
iotereat  on  the  pablic  debt.  Other  ciroooistanoes  have, 
of  eonrse,  operated  in  aid  of  tlic  flnotiiBtions  without 
altiacliug  lu  thcuiaclvcs  special  notice.  With  regard  to 
the  pre-payment  of  the  gold  interest,  it  seems  not  to  have 
been  exp4>cted  by  the  specnlators,  and  it  ia  reported  to 
have  somewhat  thwarted  their  manrcuvres  and  deranged 
ihiu  (.oiiiljiiiaiions.  The  supply  of  gold  for  delivery  has 
been  drained  o£F  and  diminished  by  well  known  caoses  of 
late,  and  high  ratea  have  consequently  been  charged  to 
borrowers.  The  gold  balance  in  the  Trcaanry  is  much 
below  the  level  which  the  exigencies  of  the  pablic  ser- 


vice demRnd,  and  the  cliqne  are  said  to  have  vigorously 
ri-giiuied  ilii-ii-  piojcoU  lor  au  upward  movement  which 
were  given  up  when  it  became  certain  that  Mr.  Bristow 
would  not  be  deterred  from  his  nsual  course  of  anticipat- 
ing the  time  for  the  payment  of  the  November  coupons. 
The  consequence  was  that  a  decline  was  started  in  the 
(rold  Room  which  would  perhaps  have  gone  much  farther 
than  it  did  if  its  progress  had  not  been  checked  by  the 
announcc*ment  on  Wednesday  of  the  disaster  to  the  "Big 
BonanEu"  mines  in  Nevada.  It  is  worthy  of  note  that 
the  amount  of  intere.st  actually  paid  out  at  the  Treasury, 
under  this  arrangement  of  ^Ir.  Bristow's  for  pre-payment, 
has  been  less  conKidcralilc  tliau  its  apparent  effects  might 
liare  led  us  to  suppose.  This  fact  elucidates  a  principle 
which  in  the  strategy  of  finance  is  as  important  as  in  that 
of  war;  namely,  that  "  the  proved  ability  to  do  a  thing 
is  often  equivalent  to  the  actual  performance."  Some  of 
Napoleon's  most  brilliant  campaigns  were  won,  not  so 
,„,.,.».  1.V  hi,  actually  crushing  the  enemy  aa  by  demon- 
lia  power  to  do  so  at  any  moment.  Subatantially 
tliesam«  principle  if*  seen  at  the  Clearing- Houn  when  the 
serenty  milliouH  of  debts  from  our  banks  to  each  other  this 
morning  will  be  paid  and  extinguished  just  as  well  by  the 
de'JoBtc  and  beautiful  mechanism  of  the  exchanges  aa  if 
everj  dollar  of  the  indelit<^lnc8s  had  been  cancelled  and 
paid  by  the  actual  transfer  of  the  sum  in  legal  tender 
mooey.  The  demonstrated  power  to  pay  is  accepted  under 
agreed  conditions  m  actual  payment.  This  principle  has 
seldom  received  the  attention  it  merits  from  economic 
writers;  though  it  i«  one  of  the  most  powerful  and  moat 
prolific  of  the  foni-s  which  keep  our  financial  and  indus- 
trial machinery  in  motion.  Most  of  the  modem  improve- 
ments in  banking,  if  closely  analyzed  and  thoroughly 
comprehended,  will  be  seen  to  bo  founded  for  the 
moat  part  upon  ingenious  safeguards  and  devices  for 
c«r>Yiiig  QputhJH  great  law  of  modem  financial  science, 
that  the  demonstrated  ability  to  do  a  thing  may,  by 
])roper  precautions,  be  used  as  equivalent  to  the  actual  per- 
formance. We  might  show,  if  space  permitted,  how  this 
principle  operates  in  relieving  a  monetary  panic  when,  as 
in  1847  in  England,  the  public  excitement  vanished  im- 
mediately after  the  Bank  Act  was  suspended.  The 
troable  passed  away  not  because  relief  was  extended  by 
the  banks  but  because  such  relief  was  shown  to  be  ao- 
cestible  in  case  it  should  be  wanted.  This  aid,  as  is  well 
known,  was  uot  called  for  and  was  not  given.  The 
instantaneous  rtliof  \v.is  tlierefore  duo  to  the  principle 
we  4rc  discussing,  that  the  demonstrated  accessibility  of 
a  thing  is  often  made  in  modem  finance  equivalent  to 
the  actual  possession.  We  might  also  go  farther  and 
trace  most  if  not  all  of  the  financial  panics  for  the  last 


406 


THE   CHRONICLE. 


[Octoler  30,  1«76 


fifty  years  to  errors  more  or  less  ooiisjiicuous  in  tbc  ap- 
plication of  this  principle  to  practical  finance.  Tliis, 
however,  would  not  be  consistent  with  our  present  ])ur- 
poae,  which  is  simply  to  point  out  the  principle  in  (nics- 
tion  as  connected  with  one  of  the  forces  to  wliicli  have 
been  ascribed  some  of  the  fluctuations  \h]<  wcfk  in  tlio 
gold  market. 

As  to  the  other  gold,  movement  we  have  referred  to — 
the  rise  in  the  premium  on  Wedcesday  on  the  apnounce- 
ment  of  the  destruction  by  fire  of  some  of  the  most 
productive  mines  in  Npvj^af-^  <pn;scarctly  be  wondered 
at  when  we  take  into  account  the  magnitude  of  thu  dis- 
aster itself  and  the  sensitiveness  of  the  gotl  market  here 
Wd, abroad.  ._,,_     ,^,^    ;.■.:,:,:•,,.  ,',|        , 

Seven  and  a  half  millions  of  property  were  reported 
destroyed,  most  of  which  had  no  insurance.  In  face  of 
such  a  destruction  of  working  capital,  it  was  impossible 
to  see  how  the  yield  of  the  mines  and  the  supply  of  the 
precious  metals  might  be  affected  in  the  early  future; 
jEorithe  companies  which  suffered  the  most  were  known 
to  be  among  the  most  enterprising  and  important  on  the 
Pacific  slope.  In  view  of  these  and  other  well-known 
.circumstances,  we  confess  that  we  see  much  cause  for 
gratification  that  the  first  effects  of  the  shock  were  so 
small  and  abated  so  soon  in  Wall  street.  Had  the  catas- 
trophe occurred  a  few  days  earlier  its  effect  on  the  move- 
«a«nt8  of  the  Gold  Room  and  on  the  prospects  of  general 
business  could  scarcely  have  failed  to  have  been  aug- 
mented. ! 

^i,In  proof  of  this,  we  may  cite  the  fact  that  even 
jit  "Washington,  now  that  the  worst  of  the  evil  is 
.known  and  its  precise  results  on  the  gold  supply  can  be 
estimated,  there  are  not  a  few  persons  who  anticipate 
-jevil  from  the  inevitable  falling  off  in  the  supply  of  gold, 
and  especially  of  silver.  From  the  best  information  w'e 
have  been  able  to  obtain  it  appears  that  there  are  no 
^erious  evils  to  be  anticipated,  for  the  simple  reason  that 
9pr  gold  supply  will  soon  revive  and  will  suffer  less  than 
.that  of  silver.  In  the  present  excessive  supply  of  silver 
,in  Europe  and  here,  the  diminution  in  the  yield  of 
.the  mines  would  not  be  an  evil  of  much  magnitude  even 
were  it  to  go  beyond  all  present  probability.  Although, 
however,  this  may  be  true  in  a  general  sense,  as  re- 
garded from  the  stand-point  of  Wall  street,  still  of 
■  course  great  evils  have  been  brought  by  the  disaster 
upon  the  several  mining  companies,  whose  property  has 
suffered  heavily,  as  will  be  seen  from  the  subjoined  com. 
parison  of  the  prices  at  which  their  stocks  have  sold 
-before  and  after  the  fire  : 


Oct.il. 

Alpha 18 

Belcher 18 

Beet  A  B<>lcher 49 

.Caledonia 18 

CaliforDia 61 

Ch  liar  Polodl 78 

Consolidated  Virginia  312 

Crown  Point  .     24 

Btinki  Gon^ioUdatcd.  15 

.Oonld&Curry 20 

Bale&  Norcroes  H 

imperial 10 

Kentuck... 13 

Ueadow  Valley 4 

Hezican 20 

Ophlr 58 

Overman 48 

Raymond  A  Ely    ...  29 

BavagB 84 

Sierra  Nevada 14 

Union  Consol 9 

Yellow  Jacket 74 


Oct.Zl.  Oct.  a.  Oct. is. 'Oct. it. 


— 

20 

19 

16 

17 

20 

20 

19 

16 

17 

Si 

G2 

49 

39 

41 

19 

19 

18 

18 

16 

65 

64 

63 

63 

66 

77 

75 

70 

58 

69 

832 

372 

310 

224 

261 

S9 

26 

27 

23 

87 

15 

15 

15 

14 

14 

22 

21 

19 

14 

19 

42 

43 

89 

30 

42 

1! 

10 

10 

9 

10 

14 

14 

14 

14 

13 

4 

4 

4 

4 

4 

21 

21 

19 

16 

17 

58 

66 

62 

S3 

43 

67 

6i 

51 

41 

47 

29 

29 

29 

29 

24 

90 

Q- 

84 

69 

74 

15 

14 

14 

12 

18 

9 

9 

9 

7 

8 

86 

85 

80 

69 

74 

Cha>'ff€itfor 
Oct.  21.     the  week. 

Dec.  1 

Dec.  1 

Dec.  8 

Dec.  2 

Dec.  5 

Dec.  4 

Die.  51 

Adv.  3 

Dec,  1 

Dec.  1 


Dec.  3 
Dec.  16 
Dec,  1 
Dec.  6 
Dec.  10 
Dec.  1 
Die.    1 


speedy  was  the  recovery  from  the  first  effects  of  the  dis- 
aster. The  amay.ing  elasticity  and  strength  of  the  finan- 
cial condition  of  San  Francisco  partly  accounts  for  this; 
still,  it  is  certain  tliat  not  a  few  of  the  productive  forces 
heretofore  active  in  the  Nevada  industry  have  been  extin- 
guished, and  that  many  enterjinsing  men  are  crippled  by 
their  losses,  especially  as  so  large  a  proportion  of  these 
losses  are  not  covered  by  insurance.  Moreover,  the  evil 
will  be  the  more  sensible  because  the  capital  destroyed  is 
very  largely  composed  of  machinery  which  "iV  will  re- 
quire months  to  replace  in  as  productive  a  condition  as  it 
had  before  the  disaster.  Turning,  however,  from  these 
narrower  ajhd  more.looal  views  of  the  calamity,  and  con- 
sidering it  in  a  national  point  of,  view,  we  see  little  rea- 
son to  approve  of  such  gloomy  deductions  as  are  referred 
to  above.  The  better  opinion,  we  think,  is  that  indicated 
in  the  dealings  of  Wall  street,  that  the  fire  at  Virginia 
City,  though  a  serious  event  in  many  private  and  public 
aspects,  does  not  forebode  any  great  trouble  in  the  fu- 
ture, or  threaten  the  supply  of  gold  or  silver  in  such  a 
way  as  to  disturb  the  premium.  Any  influence  on  the 
premium  from  this  cause  will,  in  all  probability,  be  small, 
temporary  and  soon  counteracted.  If,  then,  as  is  pre- 
dicted, the  price  of  gold  should  rise,  or  should  not  recede 
much,  from  the  present  level,  the  cause  which  keeps  gold 
up  must  be  looked  for  in  some  other  quarter.  We  are 
the  more  particular  iu  insisting  upon  these  points,  not 
only  from  their  practical  importance,  but  because,  as  we 
have  said,  an  opinion  very  much  ojiposed  to  them  has 
been  circulated  as  from  one  of  the  departments  at  Wash- 
ington. 


•  I'anic  cansed  by  the  confliigration  at  Virginia  City. 

Several  important  facts  confirmatory  of  our  views  may 
be  found  in  this  table,  which  we  quote  from  the  New ! 
York  Tribune.     We  see  moreover  how  active  and  how  ' 


THE  CLE,\BING  HOUSE  RiiPORT. 
At  the  annual  meeting  of  the  New  York  Clearing 
House  a  statement  was  given  of  the  transactions  for  the 
year  ending  3d  of  September,  1875.  Some  other  busi- 
ness of  great  importance  was  done,  to  which  we  shall 
presently  refer.  The  transactions  for  the  last  year 
amount  to  $24,273,848,192  25,  showinga  daily  avcrageof 
479,326,301  28.  Since  its  establishment  in  September, 
1853,  the  Clearing  House  has  made  exchanges  between 
our  city  banks  to  the  amount  of  $438,200,331,519  64. 
These  transactions  have  been  made  without  error  or  loss, 
and  the  balances  are  struck  every  day.  The  same  exacti- 
tude is  attained  in  each  of  the  fifteen  clearing  houses 
established  in  the  principal  cities  of  the  United  State.s. 
All  these  institutions  are  modeled  more  or  less  closely  upon 
that  of  New  York,  their  daily  balances  being  paid  as  ours 
are  in  greenbacks,  or  else  in  some  equally  useful  equiva- 
lent. In  examining  the  details  of  the  business  of  our 
New  York  Clearing  House  we  find  that  the  institution 
consists  of  sixty-nine  banks.  Besides  these  there  are 
sixteen  other  banks  that  clear  through  members  of  the 
association.  Hence  the  number  of  the  New  York  banks 
connected  with  the  New  York  Clearing  House  is  seventy- 
five,  with  an  aggregate  capital  of  184,085,200.  In  1 853 
the  business  of  the  Clearing  House  amounted  to  about  20 
millions  a  day,  and  the  daily  balances  were  about  $1,000,- 
000.  The  number  of  the  banks  was  forty-eig''t,  with  an 
aggregate  capital  of  $47,880,900  and  deposits  of  39  mil- 
lions. The  institution  then  cost  the  banks  about  $16,000 
a  year,  the  expense  being  divided  among  them  in  pro- 
portion to  their  capital. 

During  the  year  1874-75  the  transactions  of  the  New 
York  Clearing  House  are  reported  as  follows  :  Cur- 
rency exchanges,  $23,042,276,858  47;  currency  balances, 
$1,104,346,845  32  ;  gold  e.xchanges,  $108,940,05«3  85  ; 
gold  balances,  $18,284,429  61.  It  thus  appears  that  the 
average  transactions  per  day  amount  to  $79,326,301  28, 


October  80,  1875.1 


THE  CHRONICLE 


40? 


These  daily  exchanges  arc  a<ljusted  by  payments  in 
greenbacks  or  greenback  certificates  averaging  |3,000,- 
000  per  day.  Of  the  fifty-nine  banks  which  are  members 
of  the  Clearing  House  fourteen  are  State  banks,  having 
an  aggregate  capital  of  $12,385,200  and  a  surplus  of 
♦5,768,600;  while  forty-five  banks  are  National  institu- 
tions, having  an  aggregate  capital  of  $68,050,000  and  an 
aggregate  surplus  of  $32,684,400.  It  thus  appears  that 
the  fifty -nine  banks  constituting  the  Clearing  House  have 
a  toUl  capital  $80,435,200  and  a  total  surplus  of  $38,- 
443,000.  The  subjoined  table  shows  the  operations  of 
the  Clearing  House  for  twenty-two  years  : 

TEASucnon  or  no  mw  tobk  n.nmnin  womu,  UBS-lSn. 


LOKDON  ITOCK  IZCHANOE  SITTLIIISim. 


Wmt  mMxg  is:5. 

Jaly      M £S9,6S«,000 

AngtUtU 41,4(7,000 

ao 43,819,000 

S'ept.     15.  40,041,000 

». S9,8a4.»» 


1S74. 
£38,593,000 
40,801,000 
3il,6S4,0ilO 
48,SS1,000 
SS,9«I,«C0 


Diftrtnee. 
+  £1,048,000 
-f  6M,000 

+       M6J,000 

—  8.210,000 

—  13,991.000 


Orrmey 

OuAtalanet* 

ArtrattDaOt 

At.  Daily 

Oci.1. 

JtBckamf. 

AM. 

Jlxelamgti. 

JMaiKM. 

1««-51 

..$vaa.«ijm 

tm,4ii.4n 

$19,104,501 

t886.0rn 

nti^ 

..  a^ai.m.an 

W.8M,1ST 

17,41t,0Ba 

*4D,6e 

UB»4( 

ni.n4.4SB 

an.su,Mt 

18.8181107 
88,988.871 

1,079,  T»4 
1,181,144 

iaM-67 

Mw-as 

..    4.7B<.tM.W 

114.188,910 

18,888,716 

1,01>,HI 

U9S-Bi 

.    «,448,00MH 

a8a.i84.tsi 

t0,8R.888 

l,lTr.Ul 

lS3S-«» 

..    T.tSl,ia,OM 

aao.(st,4ai 

88,401.787 

1.881,017 

18«-»1 

..   5,»u,T4t.ni 

aBa,aai,M4 

18,188.880 

1,151.087 

laii-tt 

..   Mn.44Sjn 

418.8801311 

tBJ87.a81 

l.»44,75« 

ha  as 

..  14.l«,tK.fi48 

•n.Mt,4BI 

48,48*  887 

unx-t 

law^ 

..  M,n7,lM,(U 

(8B,Tn,804 

77.t8(,48B 

Uat.408 

UM-«B 

..  MJI8>,3SiMI 

1,088,718,107 

8t.718.M0 

M73,817 

M«-« 

..  ir.1tT.I4(wtU 

1.0tS.UM0t 

18.841.188 

8,47t.:5* 

1«»-«T . 

..  mjm,v»,m 

l,lMJta.4Bl 

t8kl«.M7 

3.717,411 

imiT-m 

..  n.4M,in,aM 

i.m.4aa.at 

lt.m.MS 

3,  Ml.  149 

IMMO 

..  ti.$aijm,m 

1.180.tl<JVI 

in.48MtB 

a.»»7,S97 

iM»-ie 

..  tTJ0Mak«l8 

1.08>.4»<jai 

aojm.478 

8.865,110 

18TO-7I 

„  tf.fW.tlW.tW 

i.aoi.i«.oa* 

16,188  0:8 

8.887.6*5 

wn-w 

..  njn,m.cwi 

i,«a.aia.7«7 

itBj8«.tn 

-    8.»»,t« 

itn-Ti 

..ujm.m.m 

Usa;m.iM 

iii,t«tm 

a.1«8,»ll 

ins-74 

..  ■LOMM.in 

tn.t8t.nD 

l,I0M4B4a 

81Ui.4n 

TB^atun 

8,l78,«6e 

m4-is 

..  •s.Mt.nMM 

8,808.t78 

Ii.  will  be  seen  that  the  transactions  of  last  year  show 
a  con.^derable  improvement  over  thoae  of  the  year 
before,  which  were  much  diminished  in  conseqoenco  nf 
the  Jay  Cooke  panic.  A  similar  increase  in  the  Clearing 
Home  boaineaa  was  reported  in  London,  where  the  trans- 
actions for  the  year  1874-5  were  larger  than  those'of  any 
previous  year,  being  almost  twice  aa  ranch  aa  in  1867. 
Tliis  is  proved  by  the  subjoined  table  : 

TB^sucnowf  or  tn  lemtm  eiMAWxau  ■sciB,  IMi-Tt. 

ntal/ar  l*«        Om  f^wrtU  ^  OB  Jteoi  JMhH(«       Oa  Chaw/t 


Ttar. 

MtJTMM* 

ammmBf. 

JMitK«  Dttf, 

Utl-«l... 

..MB7.tit.teo 

£l«7,tU,8eO 

tm,*»/m 

<188.t».00fl 

uaast... 

..  a.aMj88(i,aoi 

ui.8n.a*o 

UtUltJHt 

IttJIO.OOO 

vm-it... 

..  •.Tta^aB.tat 

i«itta,cgo 

>M,fn.S08 

i483tl.0«0 

i8r»-7i.. 

..    4.0Ul4Mlt8a 

188,81 7,«00 

aat,Mt,8t» 

ica.Hi.ooo 

mi-Tt.. 

..  Bwaat.7«,8te 

saaLtaMOO 

8n.44t,tt« 

UiM\i»0 

ia7t-78.. 

..    t^taMMUKW 

laa^atakMo 

14aa.t1t.a10 

St8.S«t,000 

I818-74.. 

..  \mjmm 

tl«jltl.ttO 

t:8.M«.ea» 

880,071,000 

»H-1S.. 

..    l«Wt8.80O 

mbtta^tto 

i.aM^aa8.aao 

88B.ias.00j 

Total £10l.&57,000  £119,860,000       —£15,803.000 

Oitr  New  York  Clearing  House,  as  is  well  known,  was 
not  organized  on  the  model  of  the  London  Clearing 
Hoose.     Indeed,  we  learn  after  minute  inquiries  that  the 
founders  of  the  former  were  not  aware  of  the  methods  of 
the  latter  ;  nor,  indeed,  would  it  have  been  easy  for  them 
as  foreigners  to  have  got  within  the  carefully  guarded 
precincts  of  the  London  Clearing  House,  the  proceed- 
ings of  which  were  kept  as  secret  as  possible  till  1868, 
when  the  transactions  first  began  to  bo  published  in  the 
newspapers.     In  our  Clearing  House  the  publication  of 
the  weekly  averages  and  of  all  its  transactions  has  been 
required  from  the  beginning  of  its  operations.     As  an 
illustration  of  this  publicity,  we  may  refer  to  the  facts 
relative  to  the  purchase  by  the  Clearing  House  of  its 
new  offices.     The  conditions  of  the  purchase  have  been 
all  made  freely  accessible  to  the  public.     The  edifice  with 
its  improvements  has  cost  $341,011,  and  the  part  not  re- 
qaired  for  the  Clearing  House  has  been   leased  for  $13,- 
425  a  year.     Tlie  building  fund  amounted  to  $100,146  ; 
so  that  the  property  is  charged  to  the  banks  at  $242,706, 
and  certificates  to  that  amount  have  been  issued  to  each 
bank  and  paid  for  in  the  ratio  of  its  capital.     If  7  per 
cent  on  these  certificates  is  paid  to  the  banks  the  Clear- 
ing Honae  wilt  have  to  raise  for  that  purpose  $16,989, 
and  for  taxes  over  $5,000    more,  making  a  total    of 
some  $22,000  a  year,  besides  the  clerk  hire  of  the  estab- 
lishment.    But  $13,425  of  this  sum  are  raised  by  rents, 
so  that  the  edifice  itself  will  cost  less  than  $0,000  a  year. 
It  has  not  yet  been  decided  what  shall  be  the  precise  way 
in  which  the  property  shall  be  held;  but  this,  with  other 
kindred  matters,  waa  debateil  at  the  meeting  on  the  12th 
October.    Eventually,  perhaps,  the  property  %111  be  held 
by  a  separate  company,  witli   a  perpetual  lease  to  the 
Clearing  House  Association. 


We  find  from  the  latest  advices  that  the  Clearing 
House  business  of  the  last  two  months  shows  a  great 
falling  off,  which  is  due  to  two  causes;  first,  the  check 
which  has  been  given  to  stock  specniation  in  London, 
and  secondly,  to  the  stai»nation  in  certain  departments  of 
British  trade.  The  decline  in  the  Clearing  Hoase  figures 
amounts,  as  will  be  seen,  to  nearly  1 1  per  cent. 


ta*mu-noM  or  raa  UMaox  oLSABiaa  ■am 
Ita. 

4 uiijmjaat 

II M.taMtB 

tt iMknuaat 


irai-rr  axd  •■mMKB. 


I UMtB.800 

I IB,tM,00O 

U ur,itB,ooo 


WM. 

DiftT'mft. 

<ittjta.too 

— 

Xtl.tHlfiOO 

n,tti,ttt 

— 

8,880.000 

mtiai.tt* 

— 

lt.7rj.ooo 

lt.MB.e80 

-f 

ar,eeo 

llB.17t.08O 

— 

N.47t.m 

mjmtjm 

— 

t.«n.ooo 

m,mtjH» 

— 

aeh8M.ooo 

loutuaaa 

— 

15.187,(100 

WMBijat 

: 

t3,lM.000 

£1.018.808.800 

£107,015.000 

tt ieBjor,tot 

ToW tmjfnjm 

To  show  that  this  falling  off  is  due  to  the  depression  of 
general  bnsiness,  the  contemporaneous  decline  in  tlir- 
government  revenue  has  been  cited,  and  that  the  dimin- 
ished ardor  of  speculation  has  ai.io  something  to  do  with 
it,  ia  confirmed  by  the  Stock  Exchange  settlements  which 
•re  reported  as  follows,  and  fall  considerably  below 
those  of  last  year: 


nW  PIUS  iHD  THE  HBW  I.NSDRiNCE  LAW. 

Upon  the  recommendation  of  the  Insurance  Depart- 
of  this  State,  the  Legislature  hut  Winter  passed  an 
act  now  generally  known  as  the  Safety  or  Surplus  Fund 
I.AW,  which  contains  some  novel  but  very  interesting 
features.  Although  it  is  a  general  statute,  it  does  not 
apply  to  any  insoranco  company  until  it  voluntarily 
organises  under  it;  all  companies  may,  however,  acco]>t 
its  provuions  whenever  they  so  desire. 

This  law  has  grown  out  of  a  defect  in  tiio  present 
system.  In  entering  into  a  contract  of  insurance,  al- 
thoil^inTi^  company  may  l)c  ]»erfectly  solvent  at  the 
time,  long  before  the  expiration  of  the  policy,  a  large 
fire,  in  any  considerable  city,  may  have  made  it  insoi- 
veot.  The  Chicago  and  Boston  disasters,  for  instance, 
hare  been  said  to  have  resulted  in  wiping  out  of  exist- 
SDM  over  one  hundred  companies.  It  will  be  readily 
seen  that  in  each  of  these  cases  the  losers  were  in  the 
first  instance  those  whose  property  had  been  destroyed 
at  that  fire;  but,  besides  these,  the  large  body  of  policy 
holders  elsewhere  situated,  were,  all  of  them,  losers  to  the 
extent  of  their  nncamed  premium,  while  not  a  few  of  them 
had  their  property  destroyed  after  the  insolvency  and  be 
fore  they  could  or  did  cancel  the  old  contract  and  obtain  a 
new  one.  When  we  remember  that  the  very  life  of  an 
insoraace  company  depends  upon  its  continuing  in  busi- 
ness— in  its  constantly  getting  new  blood,  and  that  the 


408 


THE   CHRONICLE 


[October  30, 1 1875 


contract  is  based  upon  the  supposition  that  it  will  ;  we 
see  here  a  defect  in  the  organization,  which  permits  that 
life  to  stop  because  it  has  met  with  more  losses  in  one 
locality  than  its  capital  and  premiums  of  to-day  can 
liquidate.  That  is  to  say,  the  insured  depends  not  only 
nor  mainly  upon  the  capital,  when  he  takes  out  his  policy, 
but  much  more  upon  the  stream  of  premiums  ever  flowing 
in  and  renewing  or  increasing  that  capital.  The  capital 
itself  is  merely  a  guarantee  fund,  not  to  provide  against 
the  ordinary  losses  but  against  special  extensive  disasters; 
the  ordinary  losses  are  all  provided  for  and  more  than 
provided  for  in  the  rates  asked,  and  those  rates  are  fixed 
on  that  basis.  We  thus  see  that  an  insurance  company 
has,  as  it  were,  a  double  source  of  life;  (1)  its  capital 
and  (2)  its  premiums  to  be  received  from  new  business; 
that  it  also  has  two  distinct  classes  of  liabilities;  (1) 
losses  accraed  and  (2)  policies  still  running;  further, 
if  the  business  can  continue  without  intermission 
after  the  capital  has  all  been  lost  in  a  great  conflagra- 
tion, the  accrued  claims  will  be  in  no  manner  harmed, 
and  future  business  will  more  than  supply  the  funds 
for  any  future  ordinary  losses.  These  facts  being  ad- 
mitted, does  it  rot  follow  that  a  true  system  of  fire  in- 
surance should,  if  possible,  provide  for  a  vigorous  con- 
tinuation of  the  company,  notwithstanding  a  great  fire 
has  wiped  out  its  original  capital  ? 

Hitherto  this  has  not  been  attempted,  but  the  new  law 
appears  to  have  been  framed  to  meet  precisely  such  a 
case.  Under  it  the  net  earnings  of  all  companies 
which  have  conformed  to  the  law,  after  a  seven  per 
cent,  dividend  to  the  stockholders  has  been  paid  (and 
they  are  restricted  to  dividends  of  seven  per  cent,  per 
annum  upon  the  amount  of  their  capital  and  surplus 
funds  until  such  funds  equal  their  capital),  are  to  be 
divided  equally  and  set  apart  to  constitute  and  form  a 
Guaranty  surplus  fund  and  a  Special  reserved  fund.  The 
Guaranty  surplus  fund  is  to  be  held  and  invested  by 
such  company  the  same  as  its  capital  stock  and  surplus 
accumulation,  and  be  liable  and  applicable  in  the  same 
manner  as  the  capital  stock  to  the  payment  generally  of 
the  losses  of  such  company. 

The  Special  reserve  fund  is  to  be  invested  according 
to  existing  laws  relating  to  investments  of  capital  by  fire 
insurance  companies,  and  be  deposited  from  time  to  time, 
as  the  same  shall  accumulate,  with  the  superintendent  of 
the  insurance  department;  and  such  Special  reserve  fund 
shall  be  deemed  a  fund  contributed  by  the  stockholders 
to  protect  such  company  and  its  policy  holders  (other 
than  claimants  for  losses),  in  case  of  any  extraordinary 
conflagration  or  conflagrations,  whereby  the  claims  upon 
such  company  shall  exceed  the  amount  of  its  capital 
stock  and  of  the  said  Guaranty  surplus  fund.  The  act 
further  provides,  that  in  the  event  of  such  a  conflagra- 
tion 

The  said  company  shall  notify  the  said  superintendent  of  the 
fact,  who  shall  then  make,  or  cause  to  be  made,  an  examiuation 
of  said  company,  and  shall  issue  his  certificate  of  the  result,  show- 
ing the  amounts  of  capital,  of  guaranty  surplus  fund,  of  special 
reserve  fund,  of  re-insurance  liability,  and  of  other  assets  ;  and 
upon  his  issuing  snch  certificate  in  duplicate,  one  copy  to  be  given 
the  company  and  one  copy  to  be  recorded  in  the  insurance  depart- 
ment, the  said  special  reserve  fund  shall  be  immediately  held  to 
protect  nil  policyholders  of  said  company  other  than  such  as  are 
claimants  upon  it  at  the  time,  or  such  as  became  such  claimants  in 
consequence  of  such  conflagration  or  conflagrations  ;  and  the 
amount  of  said  special  reserve  fund,  and  an  amount  equal  to  the 
unearned  premiums  of  such  company,  to  be  ascertained  as  herein- 
before provided,  shall  constitute  the  capital  and  assets  of  such 
company  for  tlie  protection  of  policyholders  other  than  such 
claimants,  and  for  the  further  conduct  of  its  business  ;  and  such 
ofiicial  certificate  of  the  superintendent  shall  be  binding  and  con- 
clusive upon  all  parties  interested  in  such  company,  whether  as 
stockholders,  creditors,  or  policyholders  ;  and  upon  the  payment 
to  the  claimants,  for  losses  or  otherwise,  existing  at  the  time  of  or 
caused  bj  such  general  conflagration  or  conflagrations,  of  the 


amount  to  which  they  are  respectively  entitled,  in  proportion  to 
their  several  claims,  of  the  full  sum  of  the  capital  of  such  com- 
pany, and  of  its  guaranty  surplus  fund,  and  of  its  assets,  excepting 
only  such  special  reserve  fund  and  an  amount  of  its  assets  equal 
to  the  liability  of  the  company  for  unearned  premiums  as  so  certi- 
fied by  such  superintendent,  such  company  shall  be  forever  dis- 
charged from  any  and  all  further  liability  to  such  claimants  and 
to  each  of  them  ;  and  the  said  superintendent  shall,  after  issuing 
his  said  certificate,  upon  the  demand  of  such  company,  transfer  to 
it  all  such  securities  a^  shall  have  been  deposited  with  him  by  such 
company  as  such  special  reserve  fund  ;  and  if  the  amount  of  tuch 
special  reserve  fund  be  less  than  50  per  cent  of  the  full  amount  of 
the  capital  of  the  company,  a  requisition  shall  be  issued  by  the 
saii  superintendent  upon  the  stockholders  to  make  up  such  capital 
to  that  proportion  of  its  full  amount,  in  the  manner  now  provided 
by  law  in  the  case  of  companies  with  impaired  capitals;  and  pro- 
vided further,  that  any  capital  so  impaired  shall  be  made  up  to  at 
least  the  sum  of  $200,000  ;  and  in  case  said  company,  after  such 
requisition,  shall  fail  to  make  up  its  capital  to  at  lenstsaid  amount 
of  $200,000,  as  therein  directed,  said  special  reserve  fund  shall  still 
be  held  as  security  and  liable  for  any  and  all  losses  occurring 
upon  policies  of  such  company  after  such  conflagration  or  conflag- 
rations. 

We  thus  see  that  each  company  formed  under  this  act 
has  within  it  a  germ  of  life  which  enables  it  to  spring 
into  a  new  existence  with  full  vigor,  at  the  very  moment 
when  under  the  present  system  that  life  would  be  extinct. 
Hence  the  business  of  the  company  goes  on  uninter- 
ruptedly; the  receipts  from  new  premiums  receive  no 
check,  and  the  continuing  policy  holder  is  fully  protected. 
At  the  same  time,  while  all  this  is  accomplished,  the  ac- 
crued claims  for  losses  are  not  only  not  impaired  but  are 
enhanced  in  value;  for  the  entire  capital  goes  to  liquidate 
them,  without  being  further  taxed  by  subsequent  losses 
as  is  the  case  under  the  present  system.  Besides,  no 
receivership  comes  in  to  eat  up  the  assets.  Every  one 
has  had  experience  of  the  tediousness  and  wastefulness, 
and  often  recklessness,  of  that  mode  of  transferring 
money  from  a  bankrupt  concern  to  its  creditors.  In 
fact,  a  receivership  of  a  corporation  is  now  looked  upon 
as  a  life  job,  with  a  fortune  to  the  receiver  as  the 
result.  This  law  continues  the  insurance  company  in 
being,  and  of  course,  therefore,  the  company  administers 
on  its  own  assets.  No  receiver's  fees  are  to  be  deducted ; 
no  receiver's  lawyer  to  be  pensioned ;  but  the  old  ma- 
chinery works  as  it  worked  before.  The  company's  good 
name  and  credit  among  its  present  and  future  patrons 
depends  largely  upon  the  rapidity,  frugality  and  good 
faith  shown  in  closing  up  the  old  affairs;  while  in  their 
hands,  the  assets  (such  as  claims  against  agents,  for  in- 
stance) would  be  much  more  productive.  Is  it  not  evi- 
dent, therefore,  that  the  existing  policy  holders  and 
those  who  have  claims  against  the  company  are  both 
benefitted  by  this  new  plan  ? 

We  might  go  on  and  enumerate  other  advantages 
which  will  accrue,  under  the  system,  to  the  insured,  to 
the  company,  and  also  to  the  stockholders.  But  they 
will  readily  suggest  themselves  to  every  reader,  and  we 
have  not  time  to  enlarge  upon  them.  We  do  not  sup- 
pose the  law,  as  it  now  stands,  is  perfect.  Very  likely 
it  will  be  found  after  a  little  experience  that  it  needs 
amendment.  But  the  idea  which  finds  expression  there 
is  an  admirable  one,  and  the  insurance  department  have 
done  a  good  work  in  thus  giving  it  shape. 


AMASA  WAIRBR. 
We  learn  with  extreme  regret  the  death  of  Amasa 
Walker,  which  is  announced  by  telegraph  to-night.  Mr. 
Walker  has  long  been  well  known  in  this  country  and 
abroad  as  an  earnest  advocate  of  a  sound  currency,  and 
a  devoted  student  of  economic  science.  He  w^as  born 
at  Woodstock,  Conn.,  4th  May,  1799,  and  settled  in 
business  as  a  merchant  in  Boston  in  1825.  In  1848  he 
became  a  member  of  the  Massachusetts  House  of  Repre- 
sentatives, and  in  1849  was  elected  to  the  State  Senate. 
la  that  year  he  gave  up  the  professorship  of  politica' 


October  30,  1875.] 


THE   CHRONICLE. 


409 


economy  at  Oberlin,  which  he  had  held  for  seven  years. 
Since  1 80 1  he  has  been  a  lecturer  on  political  economy 
at  Amherst  College.  He  was  a  member  of  Congress  in 
1862  and  1863;  was  Secretary  of  State  of  Massachasetts 
in  1851  and  1852.  In  1843  and  1849  he  went  to  Europe 
as  delegate  to  the  International  Peace  Convention.  He 
was  the  author  of  numcrooa  essays  on  economic  subjects. 
His  best  known  work  is  "The  Science  of  Wealth," 
which  has  been  well  received  and  has  passed  through 
five  editions.       

U!IITED  ST.ITES  IXPORTS  iXD  EXPORTS  FOR  SEPTEMBER. 
We  are  able,  tbroogU  the  Chief  of  the  Bareaa  of  6Utialies,  to 
give  oar  readers  the  leading  det«il«  of  tlie  trade  of  the  countrj  for 
the  month  of  8ept<>iiiber  and  %  tammuj  tince  January  lat.  Tiiii 
department  under  the  present  etBeient  managemeat  is  constantly 
growing  in  'avor ;  and  this  is  well  deserred,  for  the  osefolneaa  of 
these  trade  figorea  has  been  greally  increased  by  the  promptness 
with  which  they  are  famished  for  pablicstioo.  We  give  the  move- 
meat  in  deUil  and  shall  hereafter  each  auMilh,  as  in  this  shape  it 
will  be  found  very  oaefal  for  nferenee.  The  atalamaat  is  as 
follows : 


laroan  aso  azroart 
roars  or  vaa 


or  asar>AXDisa  nrro  two 

imTSD  eTATlS,  BDBUa  TBS  aoxTM 

•>,  una. 


raoB  !■•  savauL 


i-p-^sSsriTor' 


castoBs 
Dlslfktt. 

Alasks.A.T 

AfBtto.  !»C. 
ArsdfU.Vs. 

ap'raosh.y 
AraMtigfte       4,m 
BslDaen ..  I.in.t71  l,MU't 

Bamgor.U*.  

B-tUbU.  M-s 
Bsih.ll«.  .. 
Bm  f  art,XU 
BMarort,SC 
Beltaa'.M*. 
BoMna,M'H  a,l«S.Ot*  t,Ua.W>  M.SU 


4.4M 


Hi 

SM      SLIM 


LIU 

um 


Oeitoau 
Diitricts. 


....  KooUuis,  Ac. 
....  X«ntack<!t,M« 
....  Nsteacs.  MIM 
....  NewvluNJ.. 
....  NB«lford,Ms 
....  I(barTpart,Ms 
LMSlXw  UsTra,  Ct 
N  Lswla«,Ct 

IVWpOVl,   K.I* 

XewTwLNT 
Ko9blk.Vs 


ItBpOfftS> 


Diaasstk  ror'a. 


t,!OS 

iit 

(7,I« 


tMt 


tnfita 


Bnso*.  Ta     (i.M4    laMMUjaOO' 
BcMni'sXJ 

BrnXwrniu 

BraoM'ka* 
BoffCrk.  NT 
Barl  Ion.  NJ 
CVIiic't..Nr 
OullM.  Ur. 
OhMi's.!<T 
OhfuI>la.aC 
Cb'sMM,  Vs 
Chlcan,IU. 
OonasCtots 


Orecoa.  Or.. 


M.<»l      lt,IOS 


O'imtcaia,  NT 
Onrsso,  RT.. 
Pamllro.  NO.. 
PddNoit^T 
F-oMdAjTille 
P.WT3.1lha 
Pniseats,  I* 


Ml 

to* 


M1,»I      aH,TM  IMM 

tiL«ni«i4  iKfim  mm 
UTM*     u.«n    ■■■ 

«.»4       «."— 

Ml 
t%HS       Ujtm    4.T« 


t,1U 


•a 


^mkosa,0 
NsWM*.  D 
I>Mfeli,ini 
DaLaih.!!* 
DoBktfk  HT 
■■«tDM.IId 

arse'.' 

VkkMd.  Ct 

r.  BlT.  MSM 

Panuidls*. 
r.  B«T.  Me 
Oe>T«at'B.T 
0«e«HaXT 
0«)ci«'*.DO 
Oeorge's^C 
OlM^Mr,  Ms 
OlBBsr.lU 
Hsrao.Mkb 
Kabmk.  Me 
K>y  Wast.P 
L  B  Bw.  tIJ 
Machtes.  U» 

MISMtoirio 
Mle-asB.  Mh 
M'lewa.  Ct. 

Mlhnsk.  W 
Mla-«>t>.  M. 
Mobil*.  AM. 


I.M1        !.«■ 


IM»      «JB      I* 


1J0> 


_  ,T«i.. 
asaI>i«(D.Cht 
4sa4a^,  O. 
¥rnmcUi».C 
osraauh,  O* 
S.ONBra.  Or 
a«Aai('lla%r 
MJohasTr.. 
n  MarkX  r.. 

MUufKOm 

SO  Sloalafitoa  Ot 

BapMlerlllek 

«n,«;««.ia»Tap'Bock,  Va 


urn 

ijN      t,tn 

l.4M.»««  l.4ei.>M 

t4i.i»i      n,t» 


U,im 


Km 


ti,a 


MU   uwao 


IM 

1I9.4NS 
SllTW 


naiKn 

lOO.Utl 
t.olo 


ua 


T«ch*.Ls 
Vcrsofit.  Vl. 
VMktb'tMlM 
War  tons  lis 
WllUsa'M^O. 
Wnn'toiLlIC 
WUesswt,  He 
Tork.  Ms  . . . 
Torkiown,  Ta 


Wi,l 


«.w  mn,m 
*jm  M^i« 
UM    ir.«M 


If  we  BOW  Include  the  specie  with  the  merchandise  the  follow. 
ing  would  be  the  gross  movement: 


Xiti*  Mmtlki.  Exporu. 

MerchandiM..    t 

DoBuetie...  SI)S,sao,Ti8 
Foreign....      9,708,8U 

Spcria S9,M«,4iS 


-1875.- 


Imports. 
(396.SU8,555 


1«,4I  1,888 


. -1871 . . 

Exports.  ImportB 

• $44t«6,4a0 

45i,0S4.86l  

1],8U,()«3  

M,710,4S0  10,833,190 


U7 


TotMwCdU*  tIJW.OMSaMa.lai  ?■«  .M4 


raroan  aaa  axroan  or  sracia  a>s  snuea. 


II««Ori«sas..., 

Hew  rerfe 

Pasedsllferts.. 
•aaVraadaco.. 


-81 
IMlOM 


Mel 


TMsL. 


OwpiuC^sU. 


NewOrisaas., 
Haw  Tork. 
NUran 


Total ♦4T1,585.9«T  $4U,7M,*43  $515,640,403  t453.068,5»a 

These  are  the  gross  figures.  Bot  to  make  a  comparison  between 
the  imports  and  exports  it  is  necessary  to  reduce  the  domestic 
exports  to  specie  value.  This  has  been  done  by  the  Bureau,  and 
by  Bubrtttnting  those  figures  the  statement  would  be  as  follows- 


.yim  MtmOt.   Bxporta. 
Merchaaalss..    t 

DumsiMe—  aui,ssa.8«B 

Fonriga...      9.T08.814 
Specie.  njM,4e 


-1815.- 


Importa. 
tSM.a08,535 


Total 


ljam.in 

JtW 

•  ••      ....      4V7,^8H 

tl.4«I.MS 


5al  repoTKNl-Alaaka.  OorpaaCbflaU, 
Mkhlcaa.  HuiIN,^!,  Ser«ttar. 

The  total  aawaat  for  the  mooth  and  for  the  altta  Boatbs  this 

y«ar  aad  last  y«M  are  suted  as  fellows : 


JIarti  sB<a4  aapL  »,  l«s  ... 

"        1»T4  ... 
t  sMatba  aoded  Sept.  »,  l«7S., 
IS;«  . 


Sept.  at.  WIS  ... 

-     »?«  .. 
•aptlt.lfla., 
-      MM.. 


Tnlsl 
iBports. 
,  ISlMoH 


ssSsdl 


|tjgft.44( 

I.4SMM 

is^un 
M,MI,i« 


Oi—ssUe 
^^ 

Mia»,«is 
Mi.MD.na 

MitOMJU 

tummt 

t,iQian 

•UKMr 

4a,ai,ui 


raralp 
BaicHia. 
•«isi« 

MM.SM 

iijn.oa« 

7.  «!,4«<J 

i<.«ia,Me 


i{,4ii,a 


Exporu. 

InportB. 

t  

t44t,«!«,400 

4C7,ISS,a8t 

ii.KS&,on 

51,710.480 

ia.8M,19a 

Total »4a.408,10l  $»4.7«,44S  $470,768,6«  S455.M8,690 

These  results  are  not  in  all  respects  satisfactory ;  and  yet,  when 
we  consider  not  only  the  low  values  at  which  merchandise  has 
ruled  dorlog  the  year,  but  also  the  decrease  in  our  cotton  crop 
the  lallliig  off  In  exports  is  easily  explained.  In  the  total  values 
of  imports  and  exports,  the  decrease  is  (including  specie  in  both 
i)aboat  fjrty  million  dollars  each. 


TIB  PRODDCTIO!!  AMD  COf(SD.lPTION  OP  SUGAR. 

The  as  yet  undecided  qaestion  of  the  "  drawback  "  on  hard 
Kefinad  Sogar  has  called  special  attention  during  the  month  to 
statistics  having  reference  to  this  article.  The  dellTeries  for  con- 
sumption thus  far  this  year,  at  the  four  Atlantic  ports,  though 
not  aa  large  as  last  year,  have  nevertheless  been  satisfactory. 
Daring  the  first  nine  months  they  were  191,600  tons,  against  510,- 
816  In  1874, 445,019  in  1873.  450,038  In  1872,  and  409,104  in  1871. 
There  were  thus  distributed  during  the  whole  of  last  year 
SSSjStt  tona.  against  380.354  In  1873,  564,123  In  1873.  aad  340,197 
In  1871.  The  arrivals  at  theee  four  porta  were,  in  1874,  630,010 
tons,  aad  la  1873, 610,970  tons. 

Adding  to  the  above  that  portion  of  the  Lonlaiana  erop,  which 
entsmd  other  porta  or  was  shipped  overland,  also  the  producion 
oi  Tsxaa,  small  though  it  be,  and  the  maple  Sugar  of  the  Eastern 
Sutss,  and  wa  are  safe  In  eatimatiog  the  quantity  actually  gone 
into  eoasnmption  In  1874  at  800,000  tons. 

Tfaa  latest  reliable  complete  statistics  of  the  world's  sugar  pro- 
duetioa  which  we  have  at  command,  are  those  made  up  In  Hoi- 
laad  for  the  year  1873  by  Messrs.  Rueb  it.  Ledeboar.  The  same 
flrmprsparra  a  similar  statement  once  in  ten  yes ra  tad  we  give 
their  two  former  compilations  also  : 

vaa  woaLo's  raoDuonoa  or  luiua. 
Tto*. 
117,000 


yffleifci 


sad  Philippine  laiaads 


Tew.. 
littt  ra.1. 


iXnjKt 


ISM 

18T1 

Tm: 

nwu. 

f»Ma 

HVlOS 

lOibOOO 

So!So 

atsjoo 

uB.mt 

iSMoo 

}£;» 

MS 

tajM 

10,000 

1,«8SJ40 

l.«lt00O 

«U,OI)0 

1.143,0110 

Taiti. i.4n,«e        i,ii8,Mo        i,hs,ooo 

Siaea  1878  tha  total  aniount  of  production  has  varied  little.  In 
('aba  last  year  soma  80,000  tons  were  horned  by  the  Insnrgentr, 
whereas  Braslliaa  prodoetion  has  been  increasing  in  proportion. 
The  rtmaiaiog  countries,  ioclodlsg  the  Continent  with  Its  beet 
root  Bacar,  ha*a  kept  np  a  pretty  iiteady  supply  and  the  aggre- 
gats  (^  aboat^.000/)00  tons  msy  still  be  put  down  as  the  world's 
aetaar  pMaetlon.  The  local  consumption  of  the  cane  sugar- 
prod«Mla(  coaatries  Is  not  calctitated  in  this  statement. 

It  will  tbaratore  be  seen  that  the  United  Sutea,  with  a  popula- 
t-on  of  40,000,000  aouls,  consume  about  oneH)narter  ol  the 
world's  prod aelioa,  the  remaining  three-qnartera  being  al>sorb<>d 
by  Earopeaas,  Canadians,  Australians,  Chilians,  Argentines  anil 
oUiardvlliaeil  nations,  litis  being  the  case,  it  will  be  readily 
oadsntood  how  extensive  and  varied  are  the  intere«ts  involved 
in  tbo  sogar  trade  among  us,  so  that  anything  affecting  either 
the  doty  or  drawback  Interest  bears  heavily  upon  our  merchants 
at  large. 

We  are  glad,  therefore,  that  all  precipitate  action  has  been 
cheeked  at  Washington  rispectlng  the  drawl>ack,  and  that. 
If  at  all,  the  projKMed  rpdoction  is  not  to  be  operative  till  thorough- 
ly Investigated  and  established  with  due  consideration  of  tha 
intarcata  ot  all  eoneemed. 


410 


THE   CHRONICLR 


[October  30,  1875. 


.Cateat  Hloiutar^  anir  (Eoinmerclal  (SnglisI)  Netos 

RATES  OF  BXOHANGB  A.T  liONOON,  AND  OH  liONIfON 
AT  LATBST  DATES. 


BICHANGK  AT  LONDON- 
OCTOBKB  15. 

BZOHANOB  ON  LONDON. 

OS— 

TIIU. 

BATH, 

I^TBST 
DATI. 

Tnni. 

RATB. 

AmBterdam . . . 

Short. 

li.0H&i3AH 

Oct.  15, 

short. 

12.05 

Antwerp 3  months. 

«5.'l7X@25.5a)tf 

.... 

35.32 

Hamburg 

KM    330.67 

3moi, 

20.14 

Paris 

short. 
8  months. 

SS.aO    ©35.80 
35.45     aS6.52)< 
lt.50    Sll.53 

Oct.' 15. 

fhort. 
S°mo& 

35.33 

Paris 

Vienna 

112.25 

Berlin 

20.62    ©30.67 
30.62    ©30.67 

«» 

short. 

20.27 

Frankfort 

20.37 

Bt.  Petersburg 

J"<  ..  ■ 

«* 

3mo9. 

3i>!i 

OadlE  

todays. 

47X@48 

.... 

.... 

Lisbon 

Milan 

3  months. 

S7.4Sxa27.47X 

.... 

.... 

Genoa. 

.... 

«7.42X©37.47« 

Sanies 

37.42;<©37.47>; 

.... 

..   . . 

Madrid 

.... 

New  Yorli .... 

•  -  •  - 

Oct.  16. 

60  days. 

»4  78 

Bio  de  Janeiro 

Sept.  15. 

90  days. 

iTHS^H 

Bahia 

.... 

Aug.  37. 

•  .. 

2tj;i®27 

Buenos  Ayres.. 

.... 

Sept.  9. 

.... 

4;4 

Valparaiso 

.... 

Aug.  13. 

■  ••• 

43>i 

Pernambnco . . 

.... 

Sept.   8. 

.... 

27 

Montevideo... 

.... 

Bombay 

60  days. 

I«.  9i®lS-lM. 

Oct.  14. 

6mos. 

Is.  WHd. 

CalcutU 

U.  9V@!3-16d. 

Oct,  12. 

is.  lOiid. 

Hong  Kong... 

.... 

Ss.  liUd- 

Oct.   7. 

.... 

4«.  lU. 

Shanghai ]      .  .. 

5s.  HXd. 

Oct.  7. 

.... 

bs.Sd. 

Penantr — 

•••••• 

Aug.  33. 

.... 

4s.l)id@4«.  IJfd 

Singapore..    . 

3«.  llKd. 

Sept.  4. 

.... 

is.  \Hd. 

Alexandria 1      — 

Oct.  13. 

Smos. 

in'A 

[From  our  own  correspondent.] 

London.  Saturday,  Oct.  10,  ia75. 

The  demand  for  gold  for  export  to  Germany  and  South  America 
Las  continued  active,  and  the  Bank  statement  published  this 
week  shows  unfavorable  result?.  There  is  a  diminution  in  the 
stock  of  bullion  of  iEl,339,954,  about  a  moiety  of  which  is  due  to 
the  export  inquiry,  the  balance  having  been  absorbed  by  the 
provinces.  The  falling  off  in  the  total  reserve  is  £1.583,454,  and 
the  proportion  of  reserve  to  liabilities  has  declined  from  40  per 
cent,  to  about  35J  per  cent.  The  directors  of  the  Bank  had, 
therefore,  no  course  open  to  them  but  to  advance  their  rates  of 
discount,  and  they  have  this  week  augmented  their  terms  one 
per  cent.,  the  minimum  quotation  being  3}  per  cent.  It  is  not  to 
be  expected,  of  course,  that  so  moderate  a  charge  will  have  much 
influence  in  checking  the  demand  for  gold  ou  account  of  the 
German  mint.  The  German  government,  being  earnest  about 
their  new  coinage,  will  purchcse  all  the  gold  they  require  or  can 
pay  for;  but,  as  German  trade  is  bad,  and  cannot,in  consequence, 
bear  the  strain  of  dear  money,  the  government  will,  no  doubt,  be 
judicious  enough  not  to  create  any  unnecessary  disturbance.  It 
is  undoubtedly  desirable  that  the  coinage  operations  should  be 
extended  over  as  long  a  period  as  possible,  as  in  that  case  their 
influence  would  not  be  so  severely  felt.  Perhaps,  when  the  new 
coinage  laws  shall  have  come  into  force  in  Germany,  the  French 
government  will  take  up  the  matter  of  returning  to  specie  pay- 
ments more  earnestly.  The  Bank  of  France  now  liolds  the 
enormous  »um  of  £04,000,000,  so  that  it  is  probable  that,  when 
the  wants  of  the  world  can  be  again  supplied  from  that  source, 
there  will  be  an  unusual  abundance  and  no  fear  of  further 
panics. 

The  Turkish  default  has,  of  course,  been  a  matter  for  discussion 
during  the  week,  but  as  yet  nothing  important  has  been  done. 
All  the  leading  powers,  except  France,  have  made  representations 
to  the  Porte,  but  it  is  not  possible  to  interfere  in  any  other  way. 
It  appears  that  France  holds  a  very  large  supply  of  Turkish 
bonds,  perhaps  as  much  as  we  do  in  this  country.  The  higli  rate 
of  interest  has,  of  course,  the  great  inducement  to  invest  in  them  ; 
but  it  is  wearying  to  tell  people  that  when  they  obtain  large 
returns  the  risk  must  in  all  cases  be  great.  Of  course,  as  long  as 
Turkey  could  raise  fresh  loans  she  could,  in  one  sepse,  pay  her 
way  ;  but  it  was  plain  that  an  end  of  borrowing  must  be  even 
tually  reached,  as  the  finances  of  the  Empire  could  not  possibly 
bear  the  rapidly  increasing  strain.  Undeveloped  resource?,  on 
which  the  prospectuses  of  the  Turkish  loans  have  laid  so  much 
stress,  and  on  which  persons  interested  in  Turkish  finance  have 
taken  care  to  dilate,  are  not  of  much  immediate  value,  more  espec- 
ially when  it  rested  with  indolent  Turks  to  make  them  of  any 
actual  value.  If  the  government  luid  insuilicient  energy  lo  carry 
out  a  scheme  of  water  works  for  Constantinople — an  undertaking 
which  possessed  every  element  of  success— it  is  not  probable  that 
the  numerous  minor  matters  which,  when  combined,  would  add 
materially  to  the  revenue  of  the  country,  would  engage  much  of 
their  attention.  Of  course  a  not  inconsiderable  part  of  the  sums 
borrowed  by  Turkey  has  been  re -paid  to  the  bondholders  in  the 
shape  of  high  rates  of  interest  and  in  drawings ;  but  it  is  dillicuit 


to  see  how  the  large  balance  remaining  has  been  profitably  dis- 
posed of.  In  spite  of  the  fact  that  Turkey  has  borrowed  since  1854 
the  nominal  amount  of  £333,099,290,  no  public  works  of 
any  importance  have  been  undertaken,  and  scarcely 
any  attempt  has  been  made  to  augment  the  wealth  of  the 
country.  In  fact,  a  few  iron-clads  are  all  the  Turkish  govern- 
ment can  show  for  the  expenditure  of  so  much  money.  If  we 
bear  in  mind  that  by  the  time  the  five  years'  grace  have  expired, 
Turkey  will  have  accumulated  additional  debt  to  the  extent  of  about 
£35,000,000,  the  prospect  for  the  bondholders  cannot  be  looked 
upon  as  very  cheering.  The  credit  of  that  government  had  suf- 
fered too  much  to  obtain  more  money  even  on  onerous  terms,  and 
they  have  adopted  a  course  of  obtaining  a  loan  which  must  still 
further  injure  it  by  compelling  their  creditors  to  raise  one 
amongst  themselves.  It  would  have  been  far  better  to  have  sent 
here  proper  officials  to  discuss  the  matter  with  the  holders  of 
each  loan,  and  to  confess  that  the  terms  they  were  paying  were 
too  laborious,  and  must  at  least  temporarily,  be  modified;  but  to 
place  all  the  various  loans  on  the  same  footing  is  altogether 
unjust,  as  many  investors  had  selected  the  higher  priced  loans, 
believing  that  they  were  better  secured  than  the  later  issues, 
which  were  quoted  so  very  much  cheaper.  No  doubt  the  Turkish 
government  will  reconsider  the  decree,  and  make  some  modifica- 
tions in  it. 

That  the  wealth  of  this  country  was  never  so  great  as  it  was 
previously  to  the  inauguration  of  the  recent  disasters  may  be 
inferred  from  the  fact  that  the  failures  taking  place  are  com- 
paratively few.  Although  Turkish  and  Egyptian  stocks  fell 
during  the  last  fortnightly  account  from  5  to  15  per  cent.,  while 
the  tendency  is  still  downwards,  the  failures  recorded  in  the 
Stock  Exchange  have  not  exceeded  5,  and  these  liave  not  been 
for  large  amounts.  No  doubt,  some  serious  difficulties  have  taken 
place  which  have  not  been  made  public,  and  which  will  require 
time  to  arrange ;  but  it  is  remarkable  that,  when  so  much  has 
been  lost  in  foreign  loans,  the  suspensions  should  be  so  few.  It 
will  now  be  interesting  to  see  in  what  direction  our  surplus  capital 
will  flow.  For  some  time,  no  doubt,  the  purchase  of  houses  and 
land  will  be  a  favorite  plan  with  the  provident ;  but  it  is  quite 
certain  that  foreign  loans,  except  those  for  countries  whose 
position  is  beyond  all  doubt,  will  not  bo  In  favor  for  a  long  time 
to  come. 

The  commercial  demand  for  money  has  not  been  active  during 
the  week  ;  but  the  export  inquiry  for  gold  having  continued  on 
a  moderately  extensive  scale,  a  firm  tone  has  prevailed,  and  not 
much  disposition  has  been  shown  to  take  bills  under  the  newly- 
fixed  official  minimum.  The  Bank  return  exhibits  an  increase  of 
about  £1,000,000  in  the  total  of  "other  securities";  but  a  great 
deal  of  the  demand  at  the  Bank  has  been  precautionary,  as  the 
impression  was  very  general  in  the  early  part  of  the  week  that 
the  Bank  rate  would  be  advanced.     The  quotations  for  money  are 

now  as  under : 

Percent.  | 

Bank  rate Z}i\ 

Open-market  rates : 

30  and  f,0  days'  bills i'A^Zyi 

3  months' bills 'i}i<^>i  , 

The  Joint-siocK  banks  and  discount  housefl  have  increased  their 

rates  of  interest  for  deposits  i  to  i  per  cent.     The  quotations  are 

now  as  under : 

Per  cent 

Jolnt-stocli: baniss 2    ©.... 

Discount  liouscs  at  call 2    ©.  .. 

Discount  houses  with 7  days' notice 2X®  ... 

Discount  bouses  with  14  days' notice...  _ 2X©.,., 

Annexed  is  a  statement  showing  the  present  position  of  the  Bank 

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

the  average  quotation  for  English  wheat,  the  price  of   Middling 

Upland   cotton,    of  No.    40    Mule    yarn    fair    second    quality, 

and   the    Bankers'   Clearing   House   return,  compared  with   the 

previous  four  years  : 

1871. 
Circulation,  including       £ 

hanli  post  bills 26..368.916 

Public  depooite 3,760,093 

Other  deposits 23,1.")6,B38 

liovernmeul  securities.  16,801, 018 

Other  securities 19,778,825 

Reserve   of  notes  and 

coin 9,559,361 

Coin    and  bullion   In 

both  departments 20,353,421 

Bank-rate Op.  c. 

Consols 93 

Bngllsh  wheat 5H3.  5d 

Mid.  Uplandcotton     ..     9  ll-16d. 
No.40  mule  yarn  fair  Sd 

quality Is.  Sd. 

Caearinjr  House  reture,119,33S,000  125,766,000  110,067,000  103,196,000  111,233,000 

'Prices  October  7. 

The  following  are  the  rates  of  interest  at  the  leading  citiea 
abroad: 


Per  cent. 

4  months' banl£  bills 9%'^% 

6  months' haul:  bills 3\®4 

4  and  6  months'  trade  bills.  4    ®4>i 


1873. 

1373. 

1574. 

1875. 

£ 

£ 

£ 

£ 

36.903,007 

S7,31.').445 

28.058.  t31 

59,673,811 

.'i,5!0,198 

4,316,070 

3,957,387 

4,136,885 

19,465.773 

30.431,505 

31,947,749 

3(i.(16I.03-l 

13,356,510 

13,231,529 

15,310.1.56 

16.661.095 

31,330,271 

21,801,732 

Ii),i0!1.3il7 

20.937.226 

8,550.981 

7.S61.036 

9,405,836 

10,7S9,30« 

19,990,636 

19.733.401 

33,066,256 

25,025,331 

«p.  c. 

6p.  c. 

4  p.  c. 

3«  p.  c. 

93  5  16. 

93?i 

92X. 

94, 

5Ss.  9d. 

61s.  ud. 

44s.  8d. 

455.  lOd. 

9  ll-16d. 

9Xd. 

8d. 

•6Xd. 

Is.  S^-d.     Is.  13id,      Is.  OVd. 


*WiiA. 


October  30, 1875.] 


THE   CHRONICLE 


4J1 


rarto 

ABUMfdam 

uaiubu;; 

SwIlB 

yranJcfort 

Vlenaaand  TrlMl*... . 
lfadrM.CadUuidBar- 


B«akO?«n 
nta.  market 
par  eaat.  par  cant. 


Uabaa  and  Opncto 
8<.FMCTabarK 


« 
S 

»" 

s 

*)t 

t 

4 

a 


a 

s 

5 

toa 

5 


BWinalt 

Torts,  Floranca 
Rome 

I«»P«<8 

Oaaoa 


Baak     Open 
rate,  markft 
pareant.  par  east 
4X      *X 


and 


NawTork.    ... 

CUratU 

Copenhafon. 
Coaatantinopla. 


S 

• 
5 

S 

10 


n  10 
t:  10 
n  0 


i 


The  demand  for  gold  daring  the  week  baa  bees  aetiTe,  and  aa 
the  arrivals  bare  been  animportant,  some  modeiate  sappliea  have 
been  taken  out  of  the  b«nk.  Silver  haa  been  in  abort  supply, and 
the  market  has  been  firm  at  rather  higher  qootationa.  The  aap- 
plj  of  Mexican  dollars  la  also  small,  and  higher  prices  are  ex- 
pected.   The  rates  for  boUion  are  subjoined : 

aoLO.  t.   d.      •.  d. 

BarOold per  os.  atandard 

Bar  Sold,  taa per  oa.  ataodard. 

Bar  OaM.  NCaaMa par  oa.  atandard . 

SpaaiakDoablooaa peroa. 

SoaUi  AaMTleaa  Doablooas peroa. 

UaltadSu'aaOoldt^in  peroa. 

_  aiLTBa.  a.   4.      a.    d. 

■arSllTar.nae par  oa.  aiaadard,  naareaL    CI       #    -■-- 

Bar  aUvar.  eoB'ac  S  grs.  Gold. par  or.  aiaadaid.    IT  T-M# 

■azlcaa  DoUara per  oa..  laac  artee.    BSy 

Spaal»>  DoUara  (Ouoiaa) par  oa.  ama  hare.    .... 

nas  Vtaac  Ptaeaa peroa.    ....      _ 

Qalckaflrar,  tU  ISa^JtM  14&  per  bolUe.    IMKoant,  8  per  cast 

The  National  Bank  of  Aiutr»lasia  aanoo&ca  tkat  they  are  an 
tboriaed  to  rrceire  tenders  for  So«tb  Auatrallaa  UoTemment 
aeearitie*  to  the  nominal  amoantof  £400j000.  aotll  tiro  o'clock  on 
Friday  the  23d  inat.  The  loan  is  aatborised  bj  the  Legialatura 
of  the  Colon/,  and  ia  for  the  porpoae  of  railwaya,  waterworka, 
harbor  improTeiDeata,  llghthooaaa  mad  telafimpha.  The  booda 
will  be  in  amoonU  of  £1,000,  £900,  £900,  tad  £100  nxh,  and  will 
bear  interest  at  four  per  eenU  per  annam,  payable  on  the  Bnt 
Jamiary  and  Brat  Jaly  la  each  year.  Ihe  priodpal  is  to  be 
radaamedatparon  July  1,  1809.  The  bonds  will  be  a> lotted  to 
the  h'ghaat  bidders,  provided  tha  rataa  oflarad  ara  not  balow  £83 
lor  every  £100. 

Tenders  will  ba  racdved  by  the  Bank  of  New  Boath  Walea  till 
Wedaeaday,  the  20lh  lost.,  lor  a  Wangajiai  (New  Zealand)  Uor- 
oagh  Corporation  Wal«>rworka  Six  per  caai.  loan  of  S¥f/m.  ia 
debentares  ol  £100  each,  payable  to  bearer,  and  bearing  lataift 
from  the  lat  November  aaxt.  The  debaotarea  will  ba  allotted  to 
the  highaat  bidders,  bat  ao  taader  will  be  aooeptad  at  leas  Utaa 
£100  for  every  £100  dabaatore.  The  prladpal  will  ba  payable  in 
18M. 

The  Ciowa  Acaala  for  the  C'oloniea  oa  Thursday  diapoacd  of 
Cape  of  flood  Hope  Ooverement  Pourand-a-haU  per  eenU  dabaa- 
torta  repreaenting  £108,000,  at  aa  average  priee  of  £101  flk.  8d. ; 
the  total  amoout  for  which  tenders  were  raeeived  waa  £4ttjKN>> 
at  latea  varyiag  from  £80  to  £109  3a.  Od. 

The  vaJae  of  wheat  haa  not  materially  ehaaged  doiiag  the 
week.  Both  in  tbla  euootry  and  on  the  eoaliaaat  Ihera  ia  a 
aeardty  of  tha  oattor  qaaUtiaa  of  prodaea,  and  latlarly  tka  wdt- 
tioQ  haa  baa«  a*etad  by  tha  daap  weather.  Ckoiea  partak  are 
therefon  Arm  and  eommand  full  pricaa,  but  for  medium  aoJ 
inferior  pfodaaa,  ol  which  there  ia  an  aboadant  supply,  the  trade 
U  dull. 

Tha  aalea  of  Eagllah  wheat  ia  tha  lOO  priadpal  markeu  of 
Eaglaad  and  Walra  darioK  iha  weak  cndlac  Oetobar  8  amounted 
to  88,4117  quarters,  againat  ft4;M8  quarters  laat  year,  while  since 
harraal  they  have  been  880;nO  quartera,  againat  415,103  quarteia 
It  la  ooapnled  that  ia  tba  wbola  kiagdoaa  the  aalea  alace  harvest 
ware  1,158.880  quarteis,  against  l,fl«0,4ia  qoartcrs  in  1874,  show. 
Ing  a  da<«ciaecy  of  aboal  007/XX)  quarters,  la  1878  the  ddirerlea 
wara  estimated  at  1,901,888  qaartarB,and  in  1872  at  1,818420 
qasrtrrs.  Annexed  la  an  eatimata,  baaed  apoa  offldal  retuma.  of 
the  supplies  of  wheat  placed  opoa  the  British  markou  sinea  tha 
mniaMiHiiat  of  flaptember.  It  will  be  seen  that  the  incrrase 
thiaaaaaaa.  eonpared  with  1874,  Is  about  lM»fiOO  ewt.,due  to 
OBT  largely  augmented  Importa: 

IMO.  mi. 


I  slaea  ksrvsel. .  >,t«7.«0     7.«n  JM 


Tatal. 


Oaiaet  aaporla^'^iiM  iuid'leari'^^M 


U,«n.lM 

(tan 


net. 
4^n.lM 
■i.MI 

nuts 


CWt. 


i«o.n« 


Av.  price  of  «ii.irtU«f,r;;..i,;:'*i?*?J  inS  "iif-if  "fifi? 

The  foreign  slock  market  haa,  of  conraa.  been  giMitly  naaaltled 
*7  the  news  from  Constaotinople,  aud  as  there  are  fears  that  E^y pt 
will  be  a  .lefaulter  before  very  long,  tbe  aecaritlea  of  the  latter 
garamment  have  experiaacad  a  heavy  fall  during  the  week.  A 
aaaUag  of  Turkish  bondholders  is  convened  for  Thursday  aaxt  by 
Ikaacaata  ftor  Iha  U04, 1M8  and  1871  loans.  There  U  also  sooa  talk 


Oct*. 

n^ast 


of  Mr.  Gladstone  being  offered  £50,000  a  year,  and  a  palace  on  tha 
Boaphorns,  to  nndertake  the  management  of  the  Turkish  fioancea 
for  five  years,  but  no  one  believes  it.  Mr.  Qladstone  would, 
indeed,  be  the  best  man  to  improve  the  situation,  if  he  could 
secure  ofBelals  In  whose  integrity  ha  could  place  undoubted 
reliance.  There  are,  no  doubt,  great  dlfficuUiea  to  be  overcome 
but  it  requires  the  whole  of  tbe  country  to  work  with  a  will, in 
order  to  surmount  them.  The  panic  amongst  certain  foreign 
Slocks  eaoses  tiie  sounder  descriptions  to  attract  attention,  but  the 
chief  movements  of  a  favorable  character  have  been  in  British 
railway  shares,  which  have  again  improved  in  value.  The  fol- 
lowing were  the  cloaing  prices  of  Consols  and  the  principal 
American  securities  at  today's  market,  compared  with  those  of 
last  week : 

Badm.      Oct  IS. 

Contois MvA  fiiw 

lJolted8<ataa.ta. iasi   Myti"-- 

go      S 18M    ...73 

g»       J! 1896    103^2 

Do     <a lasa  104  2 

V.S.  ia(T4>n.S«.3aO  lia.  to  Feb.  tt.tt,  6a...  .1887    VKXt 
Do      aa 1871  i 

R^SkWl* >«»    i<»'fii 

JS-^ild;* '•"  '"«« 

Do       aew.aa^ 

Do       lme.8a 

g»         jo   Ja 18f»6     15 

„    pp.       ■*».*« 15 

MaMaeaaiSlls  aa , un   101 

5;      !• WW  108 

Do         J* WOO    108 

Do  6a ..M68    108 

Do         !• - 18*1    101 

Do       aa.. ...... lan  loi 

„„.^...-wt«'^p"">'»»^ "»  "• 

Virglala  stock  •■• n 

Do         New  faadal  fa .'nOB     ST 

.  .    ..    •. «-      ™*"""'"*"  aoLLAB  Bonw  AVD  aBABaiT 
AtlantlcASraat  Wcalara  let  If.,tl,a00,7t...ll0l     ai 

Ba  aimort,ii.oio,7a..im    ii 

.  ■     ..  — ■?  ad  mart..  lioOO 1*01       6 

AtUatlaMlaMilppl*OUo,Coa.BarL,Tt....liaB  10 

UalUmn 4k rMoaacfllila  Una) M auirt,  ta.l(ll  81 
do           (Taaael)  let  mortcaca,  8t. 

<^aar.b/PaaBsylTaaUANo.CeBtRaUwa)r).»11  88 

(-i.tialafHewJacan  eoBa.aaart.  TS MM  ttSi 

Ccnaainctts or  CMUomla,  let Bwrt-jB 18M  86 

Ba  CaaroniU*  Oragoa  Div..  Ut 

»«S*i»jpM««da.ai um  » 

DetroirAlDlwaakaa  let  Bortcaca,  Ta t81B  86 

.^    -J^-  M moetiaia, »a 1816  19 

KrieliatAsMa u 

Do  mtesaaa,  Te is 

Do  eoavatlMe  (oU  bonda.  7e not  « 

(MTMiaa  *  Banrlaban,  111  Boncaca,  8a UU  83 

Illinois OMmCiMOsSNa TITV..  ... ...^  84 


rriakon,  lit 
•MOsfins. 
Uhieb  Taller.  nwasolHam  aMrtsage,  8a....'..iia8 

M.rieua*CladBaarlBrihray.^r7„ 1881 

Muwylf  aaaa;  »Ta«aa.  lat  ■art.  «aar.  gold 
tmndit  iMtUk.  la 


M 

43 
43 

UH 

11 

41 

n 

88 

» 

.101 


.BMtUk.lB 

NewTarkantoaAMoatreaLTa IMM 

Now  T«t*  Cealrsl  A  Badaoa  tUrcr  marts,  boada.. 


1104     MAM 


NewTatkOaaml  ttooi 

Urr(aa*aaitaBla,tolBMirt.,Ta UIO 

^BBhfsrt  t-'analt'e  Racdpla.  x  eoap. 

•IDakaraa 

Wamt..  la tiaa 


oslpsaai 


by  PsaBrt«nlaOa.)!ai 

Land  Orant  HI  ntort..  T« 1888 

Hallwajr,  l«t  BMrtn«r,  tr» 18tM 

_  _  AaaaicAx  eraauaa  aona. 

Taller,  guar,  bjr  Pona.  B'r  Co 1910 

\m,  Waatera  euaaul.  Bort.  Blaeboft 

MSO 

ra^iraaalaatlaa  rcrip,  I*. .  Air* 

I  Wild  llaaa  raaui  trail,  u.  lao* 

da.  i87a,Ti.lwa 

Wcalara  eslaa.,  Ia UN 

--  do  la,  guar,  bv  Erie  R'r. 

BAjtUaaie*0kla.8a ' ' ufe 

Ba  la noi 

DCk  8a... 1810 

Bnrllaalsa  Oadar  Baplda  A  lIlaaMola,  TS 1808 

:^n>anBMaaai^lB 

C'bicaflaa^Ml  starttw  eooaol.  ■ 
I  bieaaallMaaah  lat  akort  aoid 
CleTewat  Oeiaabaa.  Cla.  A  lad.  t 
EutefBMilway  or  Maaaachaaatia, 

EfU  eaaaanlMa  beads,  aa 

0>.  edasiBlort  fur  oonr.  of  etiallng  bond«.7e.ll 

Do.  saasaf  aort,  7e        mm 

GUaMaOBataa  A  Mpriaadeld  Ut  iBort.r>ld.1s. .  1800 

imnat8*at.LaalsBiWks!MaiortTa 1800 

Da  da.  ldBOrt.,Ta 

"'^ifi^aywi^?-- 1  •::.-.v.:::::::ia 


M 

11 

M 


90  »U 

S  I  k43 

83  I  »4S 
14X<  I  13X 

11  I  )  88 

44  I  t  48 

63  (  i76 

83  (  ^87 

99  SlOl 

u 

iwirAioTx 

91  an 

83  8l7 

•I 

4a  ft  46 


«MO>0X 

01  aioi 

87    a  81 
•  M 

aexiaiM 
8  a  T 


31 


40 
II 

88 
10 
108 
108 
110 


^  46 

« 
40 
>I09 
ilD9 
111 


:BiMnL.'ila!'!.''ll08 
ldboad*,7s...{Ml 


um 


.1811 


□linals  Wasoa/I  A  Teiae  let  amt  7s. . 
Ubifh Taller  con«ol.  mort  "A,"  la.... 

LnalavlIlaANaabTUK^  6e l&J 

M  ni|M8  •  Ohio  lat  ■ott  7a  1901 

MUnskiiAecPaaLUtaiort  7a 1801 

New Tcik a Caaadararar, (Bar.  by  tbe  Data- 

vara  A  Radaua  Gkaal  aeri^  8i 1W4 

!(.  T.  Osaual  A  Hateoa  Itiv.  awrt  bonds,  le. .  1108 
NortkaraCaatiBlirway.  eoaaoLaMirt.la....  1K4 

P«naBa  Man  al  mortgage,  7» 1897 

Parte ADscatar...  T^, 1881 

Peaantaala  aaaeral  mnrt.  8e 1910 

Ok,  eoaeoL  •Ink'gfand  mod  la...  .1906 

Perklaasa  eoa.  mart  «Jaa«  '73)  gvar.  by  Pbll. 

ARaadtacla 1911 

Pbll  ABrie  lalBHirt  (gear,  by  Pn.n.RR.}6e..l8Bl 

Do.        wlthfwtloolnbepald  In  Phil.,  Sa  ... 

Phil.  A  BHejfCB.  BMrttgnar.  br  Penn.  R&)«a.l910 

niil  ABaiiTliin  taaMali iil  mort  6a lail 

Oai,  mip.mort,C< ...1897 

Un.  grn.  mort,  1874.  ecrlp,  8*1 

Siiatb  ANndb  Alab«ma  bond«,6a 

St  Ixnila  Tnniiel  l>t  uiurt.  (guar,  by  tbe  Illlaols 

A  St  Loale  Brlrfge  Co.)  »• MM 

'nioa  PaoUe  Rallwar.  Omaha  llrldse.  8b.  .      .189* 

nllad  Hear  Jaraey  Reilira/  and  Canal,  la 1894 


101  atoi 
87  ass 

H    #91 

7 


84    (  t88 

tOOM(  ilOI)i 

TO   <  )73 

TO    i  ITU 

87  I   189 
"      1   ITD 

88  I     M 

Mis 

18  (  iir 

106    ftNS 


48 

18 

10 

W 

107)44 
I'KMI 
WMt 

40 

84 

lOOM^ 
TO 
71 
19 


98 
188 


48 
It 

IS 

40 

tWH 

AWH 
H10« 

so" 

88 
I.OJH 

74 
41 
70 
91 
IS 


Unll 


Dob 


do. 


da 


.IWl 


Jaooary,  Wt,  to  Jalj,  1874,  wdBsira, 


412 


THE   CHRONICLR 


(Octobsr  30,  1876. 


Bavllsll  IHarlcei  KeporM— Per  Oabla. 

Tliednily  closing  quotations  in  the  markets  of  London  and  Liver* 
pool  fort  lie  past  week  have  been  reported  by  cable,  as  shown  in 
the  following  sammary : 

London  Money  and  Stock  Market. — American  securities  are 
higher  than  at  the  close  of  last  week. 

The  bullion  in  the  Bank  of  England  has  decreased  £173,000 
during  the  week. 

8»t        Mon.       Toes.      Wed.       Thnr.        Frt. 

Oonaoia  for  money 94  3-lB    94  7-16    919-18      94  11-16    94  9  IG    'i*% 

"      acconnt 94  5-16    9«!tf         ^*fi  9111-16    H%         94  13-18 

0. 8. 68  (5-S08,)  1865,old.l03«        103)f        103s<        tOSji  103X         10354 

"         "  1867 lOJX        lOTX        lOTJi        lOIV  108«         108X 

D.  8. 10-40S 104X       104ii        104X        10iJ<         104H'         IMX 

New  Sa 103>f       108«        103%        lOS^J  103X         103Ji 

TbJ    quottciouB    lor    Unitea   States  new    tives  at    Franktort 
were: 
O.S.newflves 99  99,'i  ....  ...  99M 

Liverpool  Ootton  Murkit. — See  special  report  of  cotton. 

Liverpool  Breadstujfs  Market. — Thia  market  closes  quiet  and 

steady,  except  for  corn  which  is  dull  at  a  decline  from   yesterday 

of  3d.    Spring  wheat  is  off  3d.  from  last  Friday. 

Tnes.  Wed. 

a.    d.  a.   d. 

24    6  34    6 

9    4  9    4 


Sat. 

a.  a. 

Fl'>ar(WeBiem) WbbI  34  fi 

Wlie«t(Red  W'n.  8pr).ilctl    9  6 

"      (Red Winter)....    "    10  0 

••      (Cftl.  White  club)  "    11  4 

CJrn  (W.  mixed)  ^  quarter  39  6 

Pea8(0an»dian) . .  V  a  aarter  41  0 


Mon. 

8.    d. 

24    6 

9    6 


Thnr. 

a.  d. 

34  6 

9  4 

10  0 

11  4 
31  6 
41  0 


Frl. 
a.  d. 
34    6 


10  0 

11  4 
81  3 
41  0 


10  0  10  0  10  0 

11  4  11  4  n  4 
30  0  30  6  30  S 
41  0  41  0  41  0 

Liverpool  Provisions  Market. — Lard  has  declined  6d.  during 
the  week,  while  pork  and  bacon  are  higller. 

Sat.      Mon.      Tnea.  Wed.  Thnr.        Frt 

a.    d.      8.   d.  a.   d.  a.  d.  a.  d 

600       60    0  600  60    0  6Uo 

82    6       82    B  82    B  83    6  84    n 

69    0       00    0  60    0  60    0  01    n 

63    8       63    6  63    3  63    0  63    n 

56    0       56    0  5i)    0  56    0  56    o 

Liverpool  Produce  Market. — Common  rosin,  spirits  turpentine 
and  refined  petroleum  have  advanced  during  the  week,  while 
tallow  has  fallen  of}. 

Mon.      Tnea.      Wed.      Tlmr.      Fri. 

a.  d.        a.  d.        a.  d.      a.   d.      a.  d. 

53         63         53         63         53 

16    0       16    0        16    0       16    0       16    0 

10  10  10  10        wa 

9X  9X  «X  9J4        9>4 

47    0       47    0       47    0       47    0       46    9 

37    0        37    0        37    0        37    0        37    0 

34    6        34    8        26    0        36    0        26    0 

London  Produce  and  Oil  Markets. — Linseed  and  sugar  show 
an  advance  over  last  Friday's  quotations. 

Sat.         Mou.        Tuea.  Wed.       Thnr.         Frl. 

£   a.  d.  £    9.  d.    £   a.  d.  £  a.  d.   £   a.  d.  £   s.   d. 

Line'dc'ke(obl).Sti;10  10    0  10  10    0    10  10    0  10  10    0    10  10    0    10  10    0 

LiBaeed(Calcutta) 50    0       50    0         50    0  50    9        50    9         50    9 

8ngar(No.l2  D'ch  Btd) 

onapot.^cwt 33    0         53    0       23    0  23    0         28    6         33    6 

Bnermoil Vtnn.91    0    0    94    0    0  94    0    0  91    0    0    94    0    0    94    0    0 

Whaleoil "    34    0    0    34    0    0  34    0    0  34    0    0    81    0    0    34    0    0 

LinBeedoil....!|8  cwt.      24    6         34    6       343  246         246         34    6 

(Siommercial  an^  ilTisceUan^ou©  ^ms. 


a.  d. 

Beef  (mess)  new  V  tee 60    0 

Pork  (mess)  new  ^bb'....  8i  6 
B  icon  (long  cl.mid.)flcwt  59  0 
tard  (American) —  "  63  6 
Oaeo8e(Amer'n  fine)    "         56    0 


Z_.  Sat. 

8.  d. 

Roeln  (common)...  $  cwt. .    6    3 

"     (pale) "        16    0 

Petroleuui(reaned).  ...flza!       10 

"         (apitits) "  9)i 

Tallow(American). . .  ¥  cwt.  47  6 
CIover8eed(Am.  red)..  '•  37  0 
Bplrlte  turpentine "     24    6 


iMfORrs  AND  Exports  for  thk  Wkbk. — The  imoorts  this 
week  show  a  decrease  in  both  dry  goods  and  general  mer- 
cliandise.  The  total  imports  amount  to  $3,876,053  this  week, 
against  $6,393,3?0  last  week,  and  $4,653,548  the  previous  week. 
The  exports  are  $3,983,530  this  week,  against  $5,400,384  last 
week  and  $4,877,407  the  previous  week.  The  exports  of  cotton 
the  past  week  were  10,409  bales,  against  10,369  bales  last  week. 
The  following  are  the  imports  at  New  York  for  week  ending  (for 
dry  goods)  Oct.  31,  and  for  the  week  ending  (for  general  mer- 
c'aandise)  Oct.  33  : 

FOBBISH  IMPOSTa    *T  NKW   TOIIK   FOR  THB  WXSK. 

1872.  1873.  1874.  1875. 

Dry  goode $1,730,610         11,558.413         $1,272,170       11,4  8,410 

General  merchandise...        3,570,587  4,271,680  3,488,718  2,457, 6j5 

Totalfor  the  week..      tS,301,197        $5,830,093         $4,760,918 
Prevloualy  reported....     357,326,003       328,113,830        322,651,331 


$3,876,055 
273,811,599 


Since  Jan.  1 $362,627,200     »3i3,943,923      $327,415,249    $277,717,654 

In  our  report  of  the  dry  goods  trade  will  be  found  the  imponsof 

dry  goods  for.  one  week  later. 
The  following  is  a  statement  of  the  exports  (exclusive  of  specie) 

from  the  port  of  New  York  to  foreign  ports,  for  the  week  ending 

October  26 : 

■XFOBTS  HlO«  HBW  TOBK  »0B  THB  WBBK. 

1872.                  1873.                  1874.  1875. 

Fortbeweek «5,36«,624         $6,404,434         $4,713,516  $3,983  586 

Prevlonslyreported 183,703,156      238,002,655       235,651,962  202,181^906 

Since  Jan.  1 $189,069,980     $244,407,089     $240,395,478     $206,168,442 

The  following  will  show  the  exports  of  specie  from  the  port  of 
New  York  for  the  week  ending  Oct.  33,  1875,  and  since  the 
beginning  of  the  year,  with  a  comparison  for  the  corresponding 
date  in  previous  vears  : 

Oct.  18— Str.  City  of  New  Tork.. Liverpool Gold  bars $18,070 

Silver  bars .39,080 

Oct.  21— Str.  Klopstock London Silver  bars loo'ooo 

Oct.  23— Str.  City  of  Chester Liverpool ;.Silverbar8 8,800 

Total  for  the  week $226,550 

Previously  reported 61,507,113 


Total  since  January  1, 1875 -.  ..    $64,733,663 

Same  time  in —  r     Same  time  In^ 

1874 $41,366,774  |  1869 $28,564,030 

1878 44,125,112  11868 66,670,194 

1«7« 62,276.907    1867 43,257,868 

1871 57,733,061    1866 64,638,833 

18TO. 81,546,311  I 


The  imports  of  specie  at  this  port  daring  the  past  week  have 
been  as  follows: 

Oct.  18-Str.  City  of  Mexico  ...VeraCrnz Silver  coin $6,053 

Gold  coin 236,887 

Oct.  13— Str.  Main Bremen Gold  coin 242,590 

Oct.  18— liark  Curacoa Cnracoa  (>old  coin ICO 

Oct.  18— Str.  Wilmington Puerto  Plata.... Silver  coin 2,21() 

Oct.  21—Str.  Adeline laguayra Sllvercoln 180 

Gold  coin 676 

Oct.  21—Str.  City  of  VeraCrnz. .Havana Gold  coin 7.400 

Oct.  22— Str.  ^outh  America St.  Thomas Gold  coin 9,995 

Oct.  23— Str.  Rhien Bremen Gold  coin 102,323 


Total  for  the  week $608,314 

Prevlonely  reported 10,445.888 

Total  aince -Tan.  1,1875 $11,054,202 


Same  time  in — 

1669 $14,771,836 

1S68 6,826,932 

1867 2,848,204 

1866 8,461,788 


Same  time  In— 

1874 $5,281,944 

1873 12,760.087 

1872 5,201,901 

1871 8.3S8,854 

1870 8,627,378 

The  French  Link  op  Steamships. — The  General  Trans 
Atlantic  Company  announce  that  their  splendid  steamers  will 
make  weekly  sailings  between  this  port  and  Havre,  on  and  after 
the  first  Saturday  in  April,  1876.  Heretofore  the  steamers  of  this 
line  have  sailed  semi  monthly,  but  the  popularity  of  the  line  dur- 
ing the  past  season  has  increased  so  greatly  that  weekly  commu- 
nication has  become  necessary.  Should  the  splendid  new  pier, 
now  being  built  on  the  North  River  front,  be  completed  before 
next  spring,  the  change  will  occur  before  the  date  announced.  No 
expense  has  been  spared  in  rendering  the  steamships  of  this  line 
models  of  comfort  and  safety,  and  the  high  character  and  well 
known  ability  of  Mr.  Louis  De  Bebian,  the  present  efficient  man- 
ager, who  succeeds  Mr.  McKenzie  as  agent  of  the  company,  and 
who  was  once  himself  the  owner  of  a  line  of  packets  running 
between  New  York  and  South  American  ports,  is  in  itself  a  suffi- 
cient guaranty  that  the  comfort  of  the  patrons  of  the  French  line 
will  be  provided  for  to  the  utmost.  The  following  firstclHss 
steamers  will  constitute  the  fleet  of  the  General  Trans-Atlantic 
Company  : 

Tors.  Tons. 

Amerique 5,000    St.  Laurent 4,000 

France ■..  6,000    Pereire 4,000 

Lab  ador 5,000    Ville  de  Paris 4.000 

Canada ,.4,000  —Evening  Fosl. 

Pennstlvamia  Railroad. — An  elaborate  volume,  deibcriptive 
of  the  Pennsylvania  Railroad  and  its  branches,  by  Mr.  Wm.  B. 
Sipes,  has  recently  been  issued  in  Philadelphia  by  the  Passenger 
Department  of  that  company,  D.  M.  Boyd,  Jr.,  general  agent. 
The  book  is  the  most  complete  and  handsomely  prepared  of  its 
sort  that  has  yet  come  to  our  notice,  and  the  profuse  illustrations 
designed  and  executed  with  much  taste  and  skill,  lift  it  out  of  the 
realm  of  history  or  dry  statistics,  and  make  it  a  delightful  volume 
for  the  general  reader.  All  the  interesticg  and  alti active  points 
on  the  line  of  the  Pennsylvania  Railroad  and  its  branches,  are 
shown  up  to  great  advantage,  and  it  is  hardly  necessary  to  remark 
that  some  of  the  natural  scenery  on  this  route  is  to  be  classed 
among  the  finest  in  this  conntry. 

— Mr.  Andrew  Pierce,  President  of  the  Atlantic  &  Pacific  Rail' 
road  Company,  gives  notice,  in  our  to-day's  issue,  that  the  Third 
Mortgage  Bonds  of  the  Pacific  Railroad  (of  Missouri)  are  now 
offered  pursuant  to  the  repoitof  the  Committee  of  Stockholders 
at  75  per  cent. ;  preference  being  given  to  Stockholders,  up  to  and 
including  Nov.  10.  The  proceeds  of  these  bonds  are  to  be  used 
in  liquidating  the  floating  debt  of  the  Pacifi  c  Railroad. 

—Messrs.  Blake  Brothers  &  Co.  are  offering  a  small  amount  of 
Massachusetts  five  per  cent,  gold  bonds,  due  in  1894.  These 
securitias  stand  first-claes  in  our  market  at  the  present  day  and 
should  commend  themselves  to  the  favorable  attention  of  con- 
servative investors. 

— The  Commercial  Inaarance  Company  of  San  Francisco  tele- 
graphed to  their  New  York  agent,  Mr.  C.  D.  Kellogg,  at  No.  157 
Broadway,  that  their  losses  at  Virginia  City  will  not  exceed 
$65,000,  which  amount  is  amply  provided  for  by  their  surplus 
accumulations,  leaving  the  company  still  with  assets  of  over 
$400,000,  gold  ;  surplus,  $200,000,  gold  ;  and  net  surplus,  after 
cost  of  re-insurance  and  all  other  liabilities,  of  $75,000  gold. 


BANKING  AND  FINANCIAL. 


I 


ADVANCES  MADE,  only  on  Cotton  In  Store  and  Approved  Stock  Exchange 
Collaterals.  1<-  M.  WATERS  &  CO. 


EULROAD  BONDS.-Whether  you  wish  to  BtTT  or  SBl.r.  write  to 

HASSLBK  &  CO.,  No.  7  Wall  atreet.  N.  T. 


TEXAS  STATK  BONDS 

Honston  and  Texas  Central  RR.  First  Mortgage  7  per  cent  (Sold  Bonds, 
O.  H.  &  H.  First  Mortgage  7  per  cent  Gold  Bonds, 

Texas  Lunds  and  Laud  Scrip,  for  sale  by  „._._   „„  «-•„.         »    t.t  ■»■ 

WILLIAltt  BRADT,  23  William  at,  N.  Y. 


STOCKS  .     ...^  ,      , 

Dealt  In  at  the  New  York  Stock  Exchange  bought  and  sold  by  us  on  margin  of 
flvepercent.  PRIVILEGES 

Negotiated  at  one  to  two  per  cent  from  market  on  members  of  the  New  York 
Exchanec  or  responsible  parlies.  Large  Boms  have  been  realized  thop.st  .0 
days.    Put  or  call  costs  ou  100  shares 

$106  25 
Straddles  $250  each,  control  200  shares  of  stock  for  «)  days  without  t^rthei 
risk,  while  many  thousand  dollars  profit  m  ly  be  gained.     Advice  and  mforma- 
llon  furnished.    Pamphlet,  containing  valuable  statistical  information  and 
showing  how  Wall  street  operations  are  conducted  sent 

To  any  address.    Orders  solicited  by  maU  or  wire  and  promptly  executed 
"•    ''^^''''  TUMBRIDGK  &  CO.,  Bankera^n^  Brokcra^_  ^ 


i 


Ootobar  30.  li75J 


THE   CHRONICLE 


413 


4it\t   fiankec0*    (fta^ette. 


Tbe  VulUA  8U«««  Comptroller  of  the  Currency  fomUhes  the  I 
Mlowiac  aUtaaMt  ot  Naiiowa  Banks  orgAaiaod  the  put  week  : 

•■naST^  mM-Ib  caoluL  t3UK).    Jota  Ware,  Pr««lo«nl ;«•«€•  U- 


•  I  V  I  •  B  H 

T»«  faUo«rla«  IHTld«ad«  h«T«  r«e«BUT  b«*»  »B»e«iieed 

■ — ■ n fS 


The  range  in  prices  aince  January  1,  and  the  amount  of  each 
darn  of  bonds  outstanding  October  1,  1875,  were  as  follows: 

, — Ranniloce  Jan.  t. — .  • — Amount  Oct.  J. — , 

Loweav.         Hl«he»t      R<«;"«-ei     ConpoD 
118     Jan.     mrnxMay  KtlW.S:t.8U 
■.-.gyjan.     8llMWJanel7 
lUM  Jan.    aiWXApr.  13 
115V  Aug.    «im     Apr.  « 
IITX  Jaly  U  Itl.V  June  18 


Rallr»a4a. 

Manchralcr  A  Lawrence. 

NewBedIort.........i.  

Ha^Mlca' * Tradtf*' Matloaal.  ■■■■..... 
iialluall  Wei  Iwalra'  P'«fc»«t  a—wriailon 
DatoallaMeaal 


Wuu  I  Hooaa  c-Loaao. 
PAUpa.  (Daya  IcdaaWe.) 


ts,18a reit. 

aa,ian conp. 

Is.ft-Wa.  IStS. coop 

(■,S-ira,1M« eoap. 

|a.ft-«ra,IS« oonp 

to,&-Wa,lM6,Bew,eoap..  lITH'ian. 

•a,ft-«^18«7 eonp..ll8>i(  Jan. 

la,5-lira.l86S coup.  118    Jan. 

5e.l»40'a reg..  IjWMeh- 

5a  IO-M*s coop..  1U\  Mca. 

5a. raaded.  1881. ...conp..  ItSX  Jan. 
M.CarrencT ree.IHX  Jan. 


Not.  I 

N«T.  1 

Wor.  lloct.  n  to  Oct.  90 

Km.  1  O*  «  lo  Oct.  M 

Not.  I  Oct.  «1  w  Oct- » 


■TBIDAV,  OCTOBKB  i9,  18TS-6  P.  n. 
■•■•r  Karkel  aa4  riaaaclal  Mlaatloa— Among 
tb«  eranta  of  the  week  whl;h  haTe  attracted  moat  attantion  in 
Caaadal  drdea  may  be  mentioned  the  decline  and  rapid  raeoTery 
la  «oId  the  osoal  attendant  fluctuations  in  foreign  exchange  a 
conltnned  acUTity  though  less  buoyancr  in  .peculatiTe  stocks. 
and  dorin«  the  past  few  days,  a  decided  increase  in  the  aupply 
of  iooey  Sserin/on  (all  by  tie  Banks.  The  moTemanta  of  our 
local  BMMT  aarlat  do  not  aeem  to  bo  easily  aeoonnted  for  ;  in 


l*4>kJ<ine  17 
1«M  Janets 
i»H  Jane  18 
IWit  June  18 
llkXAng.  ts 
119  June « 
IMH  Apr.  M 


M,«ao 
M.n4,ooo 

SS.8M.W0 
68.435.800 
88,913,(50 

!4,sas,aco 

141.619,960 


io»,sn.90o 

M.tt8.5» 


M,S6S,B00 

uja»,M> 
st,aai.aso 

118.68B,4C0 

144.tM,10O 

ttl.7O9.T0O 

91,919,010 

S1.9<<iS60 
I18,0e«,6AO 


the  two  iriiako  pneedlJMr  the  ISth  last.,  there  was  a  Urge  declini- 
in  the  baak  laMvaa,  eaoMd  br  a  fkUiiig  off  in  legal  tenders,  and 
last  week  a  further  dedlao  la  kgal  tewlen.  ihooghoompaimtivelv 
of  leas  ImponaDca.  Cada*  thaoe  cifmaMtaaeeo.  %k»  banks  >ia<l 
qnlio  naeially  advaMad  dwir  ratoa  o«  " 
^riea  tor  noMy.  wW<*  »>m  »»»«  qw»«^. 


loans,  nod  the"stiret 
in  the  aowspapers  at 
for  two'  wwka  ooaaMatablT  below 
famal  iMaa  at  Bank,  otm  to  their  re«nlar  rua 
Lm*  ««ek  aonio  of  the  largw  baaks.  haviag  the  most 
eooatrr  scmanU,  had  no  aMaoy  to  lend  at  all  and 
jto  doaa  down  in  their  rMerrea,  b«t  thU  week  the  aainc 
baaka  an  otfaciaf  moooy  oo  easy  tonaai  Whatarot  the  bank 
iHtmrrl  of  lo-aonow  stay  ahow.  It  Is  oridaat  that  there  has 
baa.  aa  l«WMa  U  iha  Papirfy  of  iMOW  dailjc  thj{  pa*  fow  days. 

althoagh  h  to  aot  yet  apparent  wbethar  thia  to  Ukaly  to  be 
ZY 1 ^— ^f..  .  ■■»■  w— ■■  ImMmv  MMitlfkv  ffVMB  aoflao  ei 


I  prr- 


k  or  to  merefy  a  tomporary  toflox  comUig  fiom  soom  oxeep 
-      '         isooroe.    la  waagaenea  of  iho  eaodliion  of 


liiaal  and  onknown  suwn*.     •■  wji—ih-  —  — -  •■-- — 

tha  moaoy  market,  ioM  reftoiod  to,  latta  oa  call  loaaa  ara  quite 
irregaUr.  Tha  alodl  brokwa  are  goaotallT  aoppllad  from  day  to 
dayat  SM  par  ec«t.  OoTafwaaat  boad  dsaler*  hare  borrowed 
oa  call  a*  low  aa  S  par  oaat.  while  the  baaka  are  gwemlly 
charging  5  to  7  par  coat,  to  thMr  ordinary  ctcwari.  In  com- 
Biwiiilliaiiir  thare  to  a  (air  baataaw  doing,  airf  o«  allfa«iy  prime 
rMrtl£iMiBart*bo«t«a««pareMt.  ,  _^    ^    „       , 

tha  Bnak  of  B^gHirl  wport  oa  Thanday  ahowad  a  decline  of 
£178.000  la  ballloa  for  tha  week,  aad  the  diaeoont  lata  remainM 


anchaaged  at  4  per  eaat.,  which  waa  aboat  |  above  the  oprn 
naiket.    Tha  Baak  of  Fiaaee  galaad  MSt.000  fraaea  la  apec i' 
The  laat  weekly  aUtement  of  th«  Now  York  Ulty  Ctean 

"^ito.  toaaad Ot.  3».  showad  a  dsuwBa  of  t4A<t:t>-' 

takaiw  dMir  H  DOT  eeat.  tognl  ttmrr;  ih. 
■  balag  $tMijm.  agalaal   fS.TOMOO  th. 


>'(f 


aaa. 

Tha  toU«wlag  labU  ahowa  tha  chaagaa  fra«  the  prartoos  week 

"• ' —  with  1874  aad  187»: 

—  :«w 

are   !»•»« 


State  and  Ballroad  Benda.— Tennessee  68,  new.  sold  early 
in  the  week  at  -W.  but  are  firmer  since,  and  sold  to  day  at 
47l(H7i.  Virginia  consols  are  about  the  stron)^»t;of  the  Soutbern 
lUt  and  sold  to-day  at  flJH.  Railroad  bonds  have  been  reasonably 
actiVe  for  the  season,  with  prices  rather  irregular-some  bonds 
being  firmer,  while  others  show  a  decline.  I  he  prospect  of 
ineriaed  firmness  in  gold  haa  a  tendency  to  etreuKthen  those 
bonds  whoee  Intoreat  u  payable  in  coin.  A  good  proiwrtion  of 
the  daallnga  in  railroad  bonds  during  the  past  year  have  bwn  on 
snecaUtire  account,  and  when  the  attention  of  the  market  is 
dirarted  by  an  active  movement  In  stocks,  as  has  lately  been  the 
ease  the  effect  is  perceptible  in  a  smaller  amount  of  bon^  deal- 
ings! The  following  bonds  seldom  or  never  sold  at  the  Board 
ware  dtopooed  of  at  pubUc  aucUon  tUij  week :  ^^^ 

tMMDartoa  *  Mdilfan  Railroad  Company  7  per  cent  mortgage  con-  ^ 
f^fl»  tKr^KS^  A  ■AMAlVn  RtUnJad'OMBJiaiiy  7  per'eant  morlgajra  ^^^ 
PLjmOoomr  itimmi'it  BrooWri'iiJlrwi  Ou»i"T  •«»"*  mortgage  7  ^^ 

5SII3  SilSSr Bfldge  MorriaanU  *  Fofdham  Ballroad  Co..$3«ar  loL 

JibafeaTWrd  AveaaeK. I Ifoad  Company "} 

1  tkara  Beeaad  Aveaae  Ralinwd  Company ™ 

» ikaies  ■aaiiabli  Trial  ■" — i — T 'ilZ 

MtZnaOmnrfaSallraad*  Banking  Company ..-.■     '•J* 

B2SS¥Sa£otoJ^5orilErir<»d  Company.^ Mforlot. 

City  ot  AUaala.  Oa..  8  pw  cent  ooapon  bonds. .... .  .^. »« 

Cltyrf  AtUata.Oa..  8p«ce«itcoapooboBd<.due  IWI BJX 

Oltj  or  AtlaatiL  Oa.,  7  per  eaat  ooepoa  beads,  daa  ««»•■"•  ■  •  -v-  ™« 
iSaOc  *OaU  BaliioadOomflaay  7  par  cant  OoaaoUdated  Mort-  ^^ 

|MBoRyS»fc~aaa.ai:;Ti;erVi\"ciii^"bood;.dae:JM.. W 

^S  at*  ol  SaTaanah.  Oa_  t  per  cent  eoapoo  booda,  doe  187«. .  .•."••  »• 
iJyS  Ora.BTule  *  OolMMa  Uaitaaad  Company  7  per  cent  eonpon  bond*,  ^ 

fM«l BiSSeTffle •OiiaiWaRalifiad  Company  V  per ceoi  booda.  doe  ^^ 

$|,1B0nMTiUa°jibelnbiaRaUraad'6biDpM  ^ 

PiB(i3im£  »  tiJaibto  Raiiroadcim  d^j  ^ 

MaSeiUe  *  CteUaaooi^  Raiiroad  tWpany  6  per  centconpoa 

»!SS3ifti?ci;iiiiiyor!i'eW  Uiidii.  C^^^ 

^^^^  £«iS£  

!«>MMaTMMtboa^da>adi5ii.  dasl8M  ■.■■*^ 

iZ  OrSm  JZ^  jToIiM  Moftbera  BaUioad  Oompaay  1.1 

•par  eaat  aaapea  beads "* 


..      Dt^fsaess.      OaLM. 

.•m  Dae  nJfJXt  >1,n  I.Mi 


« -■«^   MM.Ht.^W  _      ■ .      .        _.^ 

JSSoTtTT.     aHiMoa^SMwiacL      ivm^Smm 

oC^ttao....  lT.«ltJ»  llSSSlaf.  ^Km  iMUJW 
WetiMostM..  IBlMLMt  flt.Cl.:ilOl>ec  fctn.M  •*.!•«,••• 
LaraltSiadm.     tkimAm     t4.mjei  Dae     I.79UW     MlBMN 

ITails*  Walsa  BsMda      rinraiaiitaat     aaearlUaa   ha 

Idenbly  acUvo  aad  prieaa daetdad>ynit.  advaadag  durln.  il> 
waok  from  |  to  1|  por  eaat  aa  tb«  ^-baaitaf  tomM.  wbil-  ttie 
rarroDcy  ft  have  baca  ataady.  Tha  NMWad  Imaeaa  io  trold 
aad  a  feoUag  that  It  aayeaatlaoeteralo  highar.arethe  appareat 
caaaao  for  tha  higher  niaga  ia  govotaBeala,  a«lalad  as  usual  by 
a  Mardly  of  aappljr,  whleh  to  da^atopod  idiaaaiii  asy  larg* 
d  SB  aad  oecata  to  fil  ordaia  fcr  roa^  Mai 
Ctoilag  prtaa  of  aaearitlai  la  LobAm  hafa  basa  aa  follow* 


DailT  eloalBg  priosa  of  a  lew  landing  bonds,  wtd  the  range 

riMO  January  l.  haTe  been  aa  follows:  

■■^  '    lU^    urL     Oet.    Oct.    Oct.    Oct.  -— Baea Jaa  »—--» 


iTteTirtS:"  ar  K"  laiM  1 

«e     L'eOtSfc    fir     "H     2       ii^     ii'     nu 

Ir...  i  L""  -S^  •«  ■ .  -52  -.Sh  -.52 

wSSLimS"   lit    MUHM  ihm;»5 -in    MU« 


.  u 


Jaa  I- 

Ulckeat. 
MK  Jan.  * 
a^Jaa.  It 
l«  Jan.  J 
VMOct.  « 

I  Oct.  t 
_1  Jaa.  W 
itWIJaneti 


41  Jaa.  Tt 
W  Meli.r 
U  Jaae  U 
tSK  Jan.  m 

WM8ei>t.p 
tig  Jaa. 
IIIK  Jaa. 
tt\  Jan.  •.--n 
•0  Jan.  •»•^-— .-5, 
•0  Jaa.  >IOI\«8ept.W 
•nu  Jaa.  i  r.%  Ads.  » 
10.  May  l»;IO;i,  May  J 
ttflkFeo.    Iim     Apr.    • 

4 


,  W'ltl     Sepi.i; 
m%  Jane  r 


Jan.    »«1")<J« 
Jaae  W  MX  Aeg. 


0.>.«a.Mre.HB,aM. 

U.a.ta.Mra,IMT 

0.«.ia.l»4ra 


"SS:     557 

15. 


I07M 


W4X 
lit 


a9K 

IBX 


IBM  Oct. 


Ooalaf  pricea  dally  h»«a  bMB  aa  follows: 


Itaw  JaaaW 
l«Sreb.M 
IB    Apr.  51 


BSM  Apr.  . 
MMMay  • 
MT  Aog.n 
mM  Aag.  n 


la.lW. 

ts.l«1 

ta,»-flra,Ma4 
•a,V9ra.l9t4 
•a,t-«ra.lBi 


lat.  parted. 


Oct.    Od. 


Oct. 


•  ■^  ^BVMMK.  ••  a»  BBb  •«. 

..ret- -Jaa.  *  Jaly.  'IBM  *imi  *>BM  *U1 
.svap..Jaa.*Jaly.«IM  '.Bit 'IB^  in 
..  r«c..l(ay  ANoT. 'IM  ailt  •lt4H  *n5 
.eoap.. May  A  Hot.  •!»     •"=     •'*=     ••- 

^.-w.... rig..  Way  A  Not.  •115 

ie.»«rs,UB aasp..llsyA  IIot.*II« 

(s,».irs.BB.B.I..rag..«aa.*Jaly  *tM 

•■.5-Brs.l8Ma.l,eoap..Jaa.AJaly.*lj| 


.j.5-90ra.lt»t.... 
(a,».9«ra,lBT... 
•a,(4ra.lB».... 
ta.5-9are.IMt... 

Ie.l«4rs 

ta.IMTs 

la.rBB4sd.Mn. 
le.raaded.lMI, 
t«,Cair«B«T 


.eovp 


.Jaa.  A  Jaly. 
Jaa.  A  Jaly.    . 
.Jan.  A  Jaly. 'i^ 

Jaa.  AJsly.*l« 

Mar.Allept.    UiH 
.lfar.ABep«.*tls,S  - 

..<taarterlr.*li5). 
...^arterfj.  lt«««  ■ 
.Jaa.* Jaly. ■»)(    Italia 


■ftW 

119 
'tl«V 
ll-llt 
119 


Oct.    Oat. 

98l     m, 
•itiK  mx 

ttl><    IS 
•ll.%V  'llSJi 

119^  'IW 

»\'.*H  'IBI* 

•IM       IBK 

•ll'S  •IIW 

ll»K  MNM 

lliJi'IB,"' 

itiv  m 


•|«».>    ItVV 


1*»AI 


•  Tbis  la  Ike  pclaa  bU  i  ao  «ale  waa  made  a»  the 


"■^l.l.U.Bfiaa»l4-ae«M.«.ma«eai.».  Board.  market 

B>Ur*ad   a«4  Jllaeellaneone  Wocka.— ine  stoCK   "»"" 

■i^IcuTrwlth  eooUnued    buoyancy   In   the   early  part  of  the 

SSk  bor^haoqn«.lly  became  weaker  and  a  part  o    \a.t  week  • 

!r:;«  I- Won  m'ant  of  the   ,.^k- embraced    In  ^l»<j  active 

r.t      Uke   Sbore.   Pacllfc   Mall   and  Western  J  alon   ^•l"*"?^ 

Uve  been  th.  moat  acUv.  stocks,  but     ■>  "K'^J?  °'"'' "'.'.^^^ 

has   anr    ».3dltlooal    point   been   developed   affrtting  the   actual 

■JwIIaiw  tha  wpa^lrrpropertlw^  To^ar.  Lake  Shore  was  among 

"ThawaakB*  BoSs^  ann  sold  down  lo  SOI  at  the  do...     VVestern 

tMd^  fali^ about  II  per  cent,  on  rumors  ll.at  Atlantic  *  Pacific 
J?:^;!!  hLl^  .^ngtheaed  by  •''J'-™  »»•"  /  •^/°^"„'r 
party.  Michigan  Ceniral  is  strong,  and  <:lo~* '»»,"i,  j*  ^l^^l. 
CTtJr  than  toJTweek.  As  a  general  ruie^  '^»  «"*'»«  P'"*'  '»■ 
rfav  are  hiti  oer  cent,  below  Iboee  of  last  Friday.  „      ,   „     , 

A  n  ovemrM  h«  been  made  by  the  New  York  Stork  ETcb.ngo 
toward!  o^"ning  more  aati.faclory  and  frequent  Infonnat.on  In 
~^«l  to  Ae  earniniTB  expenses  and  financial  wndition  of  cor- 
S^oMwho^^e^t^  »"  m,M  at  the  Board.  A  committee 
Cri^"apJ^tM  to  uke  charge  of  the  matter,  "d"  '•»»;? 
hopSlhatt^  offlc^rs  of  r.iln«ds  and  other  corporations  will 
iTthe^lIre  reasonable. «»»  of  the  r«,ue.t  '"T  "T"  •V"'""''"'' 
Sii^ou  of  their  earnlnga  and  expenses  The  subject  Is  one 
TSSS  importance  to  broker.  «jr,mrch«.ers  »'  •'«;^«  '"'^ 
bonds  as  un^er  the  preaent  system  of  secret  management  all 
helT  ooeratlocs  are  nieawrily  cr,nducted  in  the  dark,  an.l  .nlg- 
n^-rincroTth,  real  ralu.  of  tie  property  which  they  arc  buying 
or  selling. 


414 


THE  CHRONICLE 


[Oclober  80,  1875. 


Total  transactlong  of  the  week  in  leading  stocks  were  as  fol- 
lows: 

^21?"  B^*"  Weet'a  Chic  A            Ohio  A  P.cHc  Union 

„  ,     ,.                ..„!•»  Snofe.  Union.  N'wo»t.  Erie.    Mid*,  ot  Mo       Pac 

Of.'-    JJ M-SSS  80.800      84,100    ll.SOO    11.900      R.9'0  ("w      1300 

£ S».MO  88.000  4S,1C0    12,000      2,600      9,500  11800      .VsOO 

2 S'^  M.900      25,800      6,600      V.'tOO      1500  8  l5o      S 

..      E *«'?S"  8'.SO0      S'.nOO      5,000    30,900      8,600  3  400      :im 

"    s   '^''"^    s'-'oo    3)S.too   10.200  s6,ioo    21(10      s  100     irm 

"    M »'.ooo    82.800    sr.aoQ    7>oo    slsM    i;^      Im    Im 

ToUl..^....J70,600    374.700    805,400    51,900    96.000    24400      3A  oofl    ^laon 

Whoiestock.  ..JOG 000  494.665  sn.sse  m'.tao  tso'.mo  iwS'.mS    XS  sSt  «o 
By  reference  to  the  last  line  in  the  preceding  table  it  may  be 

seen  at  a  glance  what  proportion  of  the  whole  stock  has  been 

turned  over  in  the  week. 
The  daily  highest  and  lowest  prices  Imvo  been  as  follow.s- 

SP^Ii  SS  SI  II  It  ti 

centr.ipr_N.j,  uoj.iik"  io«s<  !(«)5  iw^iie'*  xm    loiii 'iK^  m 'mIh 


Ssl,-i-«*,';s:",'^?'i2«  'I5><i-f3  i>«)<;.}9j^  'iS«»i5-ir§s!I»:-ii2i5>!sx 


pacffPcM.?!:*!:  iS  il    ^«  f,^  -ii^  j;«  i«^  if^  •*  ^^  fi«  § 

Adams  Kxp...,  wi    101      1(11    ii'i*    m     m^ -101     m     -wr  ui^ ',m^  '""* 

American  ISx..     57S    67X      68       58       *5  V  59       58         w       w       '^L  ^i'' 

^nltod State..,    Hii    44^     41      «      -44      iii-    -MX   S        4^«  «      41^  1- 

Went. Fargo..  -iSX   79*    .7SX    ....    '\sn   wj    -78^   TJX    '78^     ...    •«  !!., 

•Thla  li  the  price  bid  and  aake^  :  no  «o/«  was  made  at  the  Board . 
The  entire  range  from  Jan.  1,  1874,  to  this  date,  was  asfollows- 


The  shipments  of  treasure  from  San  Francisco  to  New  York  in 
the  week  ending  Oct.  20,  were  $3,140,848,  of  which  i61925%fi^ 
was  coin,  apalnst  |930,231  coin  the  previous  werk  "^'"^^'^^^ 

The  following  table  will  show  tlie  course  of  gold  and  ooera 
t.ons  of  the  Gold  Exchange  Bank  each  day  ol  thfpast  week 

> Quotations , 

Open.  Low-  High-  Clos-  Total    . Balances . 


Cdrrentweek    I16J^  I14K  116«  116V  $800,555,000     $  7" 

Mn:l?J^?t^aie:.:ll?^!l?^ll?Kli^S  *"^'^!'"»"  ^^^'^^  ^^f 
Forclen  Exchange.-On  the  relaxation  of  gold  at  the  dose"  of 
last  week  the  rates  for  exchange  were  rapidly  advanced,  aud  on 
Monday  last  touched  4.80^  and  4.85  for  bankers'  long  and  short 
sterling  respectively.  Afterwards,  the  appearance  of  new  firm 
neas  in  gold  had  tlie  usual  effect  of  demoralizing  exchange  and  to 
day  the  rates  on  actual  business  are  about  4.764ra4.77  lor  bankprs- 
sixty  days'  sterling,  and  4.83i  for  short  sight.  There  has  been  a 
considerable  amount  of  bills  sold  to-day,  notwithstanding  the 
unsettled  condition  of  the  market,  and  the  supply  of  commercisl 
bills  arisin.r  from  cotton  shipments  is  good,  although  purchases 
for  exi)ort  have  been  interfered  with  during  the  past  few  days  bv 
the  partial  corner  in  cotton.  J  "  'V 

TUe  transactions  tor  the  week  at  the  Custom  Bouse  and  Sub- 
rreasury  have  been  as  followa: 


H.T.Cen.  *Und.  R...100     May' 28 

iV'®" l?7>f  Jan,  12 

f''«iv 12KJune21 

l^aKeShore 61  j^  Sept  15 

Michigan  Central 6:j     Sopt  27 

y»b?eh 4%Jnne29 

Northwest 33%  Oct.     9 

do        pref 46     Oct.     9 

RocklBland lOOXMay  28 

"'••P»nl  28xJunel2 

..>°  ..  PL^i- "     Mch.    1 

Atlantic  A  Paciflc  pref.    4     Oct.   S3 

Pacific  of  Missouri 7X  Oct.   2i 

Ohio  &  Missisalppi 14Ji  Sept.  S3 

Central  of  New  Jersey.  99>J  Oct      8 
Del.,  Lack.  &  Western. 106!tf  Jan.    8 

Hannibal*  St.  Jo 16ji  Oct. 

Union  Pacific 36     Jan    18 

Col.,  Chic.  &  I.  C 3     JunelS 

Panama llOjfJan.  21 

Western  Union  Tel 7034  Feb   17 

Atlantic  &  Paciflc  Tel..  'T!.-  Oct.     6 
QaicksUYcr 13     May  14 

i>     A°,.  .,'"^' *0     Jnly  16 

PaclflcMall 30Ji  Feb.  10 

AdarasExprees 98     Jan.    2 

American  Eiprees SO     June  S5 


Jan.  1,1875,  to  date- 


niehest 
107Ji  May  8 
l-M  Apr.  27 
Kii  Mch.  29 
80X  Jan.  2 
biM  'lan, 
21%  Jan. 
48%  Jan. 
62XJan.  _ 
109%  Ang.  19 
40%  Apr.  9 
66%  Aug.  23 
18  Apr.  3(1 
55  Apr.  30 
82%  Jan,  2 
120  Apr.  27 
123  Apr.  27 
30%  Mch.  29 
79%  June  1 
9%  Jan.  14 
172  Apr.  SC 
84%  Aug.  17 
29%  Jan,  15 
35  Jan,  6 
44  Jan. 
46%  Apr. 


■Whole  year  1874 


Lowest. 
95%  May  19 
118%  Jan.    7 
26     Dec.  10 
67%  June  19 
68%  Aug. 
18%  Dec.  89 
.^4%  July  15 
Bl     Sept.  10 
92%  Jane  19 
81%  May  18 
48     May     6 
10%  Sept.  3 
29%  Jan. 
31%  June  17 

98  Jan.    3 

99  Jan.  3 
22XSept.  7 
23     June  17 


101 


Highest. 
105%  Mch.  11 
134)i  Feb.  18 
51%  Jan.  15 
84%  Jan.  16 
95%  Jan. 
65%  Jan.  16 
68V  Jan.  9 
78%  Feb.  9 
109%  Feb.  9 
49%  Jan,  10 
74%  Feb,  9 
22  Feb,  16 
48  Nov. 
36  Jan.  10 
109%  Feb.  10 
112%  Feb.  10 
84^  Jan.  12 

88*  Mch.  .30 

Sept  3,  82)4  Mch.  30 
Apr.  20  118     Jan.    9  '■ 


Oct.  28.... 

'  28.... 

'  26.... 

•  27.... 


S9,',';;: 


Castom 
Honse 
Receipts. 
..  1416.000 
..  442,000 
..  342,000 
..  292,000 
.  244,000 
,.     353,000 


-Receipts. 


-Sab-Treasnry. 


Gold. 
»9;o,103  29 
1,638,087  46 
617,562  92 
1,310,972  47 
1,372,824  31 
5,237,746  96 


Currency. 

1 475,  .323  65 
636,665  24 
4«7,132  10 
666.684  77 
481,090  94 
2,308,537  31 


Gold, 

$373,256  18 
249,69!  82 
775,036  62 

1,565,4.'>5  65 
440,231  23 

1,852,580  18 


-Paymcnts.- 


Cnrrency. 

$497,970  66 
751,.356  li 
486,431  26 
.581,597  37 
679,9.16  24 

1,749,168  73 


„'■'"»' I3.119.00O       9,041,297  41     5,025,334  01     5,286,259  68    TTwHe"!; 

Balance.  Oct.  22 39,088.089  66.51,000,675  02  .'","0^9 

Balance.  Oct.  29 42.843.127  3'J  54,276,462  74 

New  YorK  CItr  Bank«._The  following  sf.ntement  shows 
the  condition  of  tUe  Associated  Banks  of  New  York  City  for  the 
week  ending  at  the  commencement  of  business  on  Oct.  23  1875- 


BXKKS. 


New  rork fS.uoo.OOO 

Manhattan  Co 2,05U.00t 

Merchants' 3,000,000 

Mechanics' 2,000,00« 

Union 1,500,000 

America 3,000,000 

Phrenli 1,800,000 

City 1,000,000 

Tradesmen's 1,000,000 


Loans  and 
Capita^.   DlBCOunts.    Specie 


-^y"BAO«  AHOTJKT  OF 


Legal 
Tenders. 


»8.?a5.300    H.153.000   11,767:500 


68  Apr.  24  83>«  Doc.  10 
14  Aug.  25  20  Nov  7 
22%  Apr.  28  36j<  Nov.  24 
29  Jnne29[  48  Nov.  27 
,;.-'•  «-v  -I  ^^  I*""-  *'  5!Sj  Sept.  30 
101%  Mch.  23!  92%  Jan.  18ll20     Nov   13 

„...„..„„..  «.....^,,,i„o uv     uuue^oi  65     Jan.  151  68%  Jan.     8l  65  *  Dpc     1 

Unled  States  Express.  41%  Aug.  11    65     Jan.  11    60     Sept.  28   73     p|b'    9 

Wells.  Fargo  &  Co 71     Aug.  28'  92%  Apr.  3ol  69>tf  JaS.     6|  84     Nov  SO 

Railroad  Earntngs—The  latest  earnings  obtainable,  and  the 
totals  irom  January  1  to  latest  dates,  are  as  follows: 

Roads  ' Latest  earnings  reported ,  Jan.  I  to  latest  date. 

Atch.,  Top.  &  S.  Fe.  Month  of  Au?.  $16l,fr5  tUiJmi  Jfim  t78?9's'i 
Central  Paciflc  ..  Month  of  Sept.  I'ssi  OOO  1,371,'739  12  480  18.3  10  305  199 
?  ?,-,.?'*'iy-J^  Chic..  Sd  week  of  Oct.  9.9P2         12    13       308,79 J       Ml  4M 


•Ilous.  &  Texas.  C.  1st  week  of  Oct. 

Illinois  Central Month  of   Sept. 

Indianap,  Bl,  &  W, .  2d  week  of  Oct, 
Intern'l  &  at.  North.  2d  week  of  Oct. 

Kansas  Paciflc let  week  of  Oct. 

Keoknk  &  Des  M. ..  3d  week  of  Oct. 
Mo.  Kansas* Tex...  2d  week  of  Oct. 

Mobile&Ohio Month  of   Sept. 

St.L.AI.&TH.bchs.  2d  week  of  Oct. 
St.  L.  I.  Mt.&  South..  2d  week  of  Oct. 
St.  L.  K.  C.  AN.,,.  Month  of  Sept. 
St.  L.  &  Southeast..,  2d  week  of  Oct. 
8t.  Paul  &S.City,<fcc.  Month  of  Sept. 
Union  Pacific   Month  of  Sept 


f0,9)7 

737.831 

32,067 

.34,197 

81,36-) 

19,6!0 

72.756 

149,821 

15,650 

106,  ■(22 

216,634 

21.743 

77,306 

1,(M2  000 


12,113 
62,473 

7,58,536 
34,450 
31,000 
85,909 
17,788 
68,952 

165,802 
18,053 
86,193 

849.733 

28.310 

86,743 

1,063,993 


Fulton 600,000 

Chemical 300,001* 

Merchants'Exch'ge.    1,000.000 

Gallatin,  National..  1,500,000 

Butchers'&Drovers'  800,000 

McchanlcB&Traderi  600,000 

Greenwich 200,000 

Leather  Mannf 600,000 

Seventh  Ward 300,000 

Stateof  N.Tork..  .  2,000,000 

American  Exch'ge.  5,000.000 

Commerce 10,000,000 

Broadway 1,000,000 

Mercantile 1,000.000 

Pacific 422.700 

Republic 2,000,000 


5,619,160 
972.907 
e80;672 

2,439,588 
666,462 

2,163,542 

1,148,130 
430.250 

2,682,548 

1,830,843 
7.56,466 
533,194 

8,663,427 


5,713,035 
1,321,174 

882,183 
2,491,162 

549,697 
2,443,633 
1,475,157 

427,024 
2,.36B,392 
1.805,778 

985,535 

603,989 
7,520,184 


'  A^I^A  "'f 5'y  earnings  of  the  Honson  &  Texas  Centra!  Railroad  Company 
do  not  include  earnings  from  through  pa»f8ge. 

Tlio  Gold  Market—Our  report  of  last  Friday  noticed  the 
declining  tendency  in  gold,  and  on  the  following  day  it  broke  to 
114J.  and  sold  on  Monday  at  114^,  rising  to  115^  at  the  close 
Subsequently  on  the  small  effect  of  the  Treasury  disbursements 
of  November  interest,  and  on  receipt  of  news  of  the  great  fire  in 
the  mining  works  at  Virginia  City,  the  price  became  stronger 
and  to-day  it  ruled  at  llGi  to  llOi.  The  first  impression,  on  the 
break  below  115,  was  that  the  combination  to  keep  gold  scarce  had 
been  broken  up  by  the  selling  out  of  one  or  more  of  the  principal 
parties  in  it,  and  t"hat  the  price  would  possibly  decline  consider- 
ably further.  Lately,  however,  tlie  "street"  seems  to  be  some- 
what nonplussed  as  to  the  course  of  gold,  and  opinions  differ  as 
to  whether  there  is  any  definite  clique  movement  to  keep  up  rates, 
or  whetlier  the  effect  of  individual  operations  is  sufficient  t() 
account  for  the  greater  firmness  under  the  present  circumstances 
of  extremely  limited  supply.  The  terms  on  gold  loans  have 
ranged  most  of  the  week  from  "  flat"  to  1  32  per  day  for  borrow- 
ing, and  to-day  were  3  64,  1-16,  1-32,  1-04,  and  flat. 

At  the  Treasury  sale  of  |1,000,000  on  Thursday  the  total  bids 
amounted  to  |3,080,000,  and  all  but  $30,000  was  taken  by  one 
party  at  116.40—116.45.  Customs  receipts  ot  the  week  were 
^2,119,000. 


Chatham. 

People's 

North  America 

Hanover 

Irving 

Metropolitan 

Citizens 

Nassan 

Market 

St.  .Nicholas 

Shoe  and  Leather.. 

Corn  Exchange 

Continental 

Oriental 

Marine 

lmporterB'&  Trad'rs 

Park 

Mech.  Bank'gAsBO. 

Grocers' 

North  River 

East  Ulver 

Uanufact*r8'&  Mer. 

Fourth  National 

Central  National... 

Second  National 

Ninth  National.  ... 
First  National 


450,000 

412,500 

1.000.000 

1,000,000 

500,000 

1,000,1)00 

euc.oco 

l,UO(i,('00 

1,000.000 

1,0(10,000 

1.00(1.(00 

1,000,000 

l.SOO.OCO 

300,000 

400.000 

1,500,000 

8,000,000 

500,000 

soo.ooo 
:. (100,000 

350,000 
300,000 

5,000,000 

2,000,000 

300,000 
i,50(i,(;cc 

50C,C00 


Third  Nation  11! ,!.'.'.      l,OtX>',0OC 


N,Y, National  Kxch. 

Tenth  National 

Bowery  National . . . 
New  York  Co.  Nat. 
German  American. 


500.000 

1,000.0(0 

250,000 

200.000 

1.000,000 


Dry  Goods l.OOtLOCO 


6,900.900 
9,523.400 
7,537.300 
4,922,600 
10,li2,'0a 
3,«:7.(  00 
5.113.9;  0 

s,S40.';oo 

1,603,»00 
8.111.700 
3,o6S,oOO 

8,si9,-;oo 

2,J6a,l  00 

1,916,71)0 

1.070,600 

3,153,800 

f5;.30C 

4,l>.13.300 

12,t2.i.(00 

21,379,300 

»,696,000 

4,3S),7('0 

1,8:5,400 

4,iS9,V00 

3,263,800 

1,418,800 

2,9(M,3O0 

3.13^,300 

2,225,000 

12.945.000 

1.4U9U0 

2A!C3,400 

2.828.200 

2.464,600 

4.502,000 

3.101,100 

4,!6;,500 

1,468,200 

2,^41.100 

15,604.500 

1S,47.S,100 

l,160,il)0 

679,100 

l,Ot  9.700 

950.900 

638.00 

16,303,500 

7.494,000 

1, •;  09,000 

6,253,400 

4,989,a00 

6,179,9(0 

l,501,«0 

2.029.700 

1,312.6(0 

1.2.J7.000 

3.371.700 

l,99i),8lX) 


189,600 

20»,9W1 

101,400 

89,100 

SO;.4iO 

143,100 

346,000 

iS.llO 

(-0,900 

131,200 

7,600 

127,900 

3-1,000 

6,!00 

167,5(16 

14,000 

91,900 

393,000 

5a  1,200 

34,600 

71,100 

9..3O0 

2?2,700 

42,100 

400 

J5.0C0 

57,500 

11.000 

848.200 

81.700 

S0,:!«0 

4.1.600 

47.7(0 

r.i.9iio 

S4.III0 
SS.5O0 
4.700 
67,500 
125.600 
li2.400 

le.'oo 

6,400 
11,300 
3,800 
1,500 
187.500 
2,(00 

is.Bl'li 
31-^,000 
53,-*0 

1,100 
S9.0OU 

2,500 

53'.i66 

;,!>oc 


673,7l« 
J.541,900 
1,SOS.500 
864,700 
2.7|-i.500 
6.36,700 
1,365,000 
403,700 
617.0  0 
2.579.7(0 
661.800 
401,-200 
252,000 
i75,200 
94,600 
57^,W0 
212.000 
797,^00 
2.087,(HI0 
2,292,.«00 
665,500 
7S2,400 
837,400 
73'AIOO 
862,700 
158,500 
606,000 
631,500 
588.000 
2,460.200 
49d,200 
172,000 
3.'9,100 
235,(00 
601.1(0 
516.fCO 
7-^8.000 
!SC.200 
513.000 
4.0j2,?O0 
3,830.100 
217.600 
173.'-00 
173,500 
i:-.2,-ioo 
146,900 
3,329.900 
1,452.000 
399.(100 
1,539,400 
1.171,3;  0 
1.527,800 
2,il,400 
3,'«,0I  0 
22l,0il0 
S34.(-(0 
587,4(0 
S-i5,900 


Net 
Deposits. 

I>.24S.9()(; 
4,63,"..900 
7,Sr5.-.i00 
5.70d.8rtO 
S.5I0.700 
S.69;,300 
2,860.900 
5,097,-iOO 
1.6£6,500 
1,'.!72,500 
7,317,7(0 
2,697,-«t) 
1,-^43,400 
1,431.000 
1,112,8(10 
891.400 
2.6^8.900 
887,800 
2.948.700 
8,426,11(0 
9.655,1'CO 
8,-34 1,500 
8,943.500 
1.968,;00 
2,957,100 
8,318,5(0 
1,180,100 
2,7i  6,iOO 
2,125,400 
2.2;8,000 
9.7fl.SO0 
1.7i  9,0(0 
1,965,700 
l,'OO,!0O 
977,900 
8,1  b7 .0(0 
1.916.600 
3,' 01,100 
1.176.100 
2,206.SOO 
16,474.700 
15.777.500 
Sl'iO.MO 
6.53,-200 
745.S00 
610.600 
E39,4(C 
ll,e75,*O0 
6,405,000 
1 ,517,1  00 
5,618,900 
5,683,300 
6,63^,600 
1.017,400 
»S5,9tiO 
883,000 
1,'.  13,000 
S.:(03,,1P0 
1.621,100 


Circula- 
tion. 

ti.tur 

9.500 
^SS.SOO' 
368.I0U 

"i'.'-JC* 

£31.100 

'.Bo.iiib 


450.000 

419.500 

K6.1KIO 

195,700 

2,700 

253.3(X) 

54.500 

315.800 

412,000 

1.77^.200 

863,500 

225,000 

456,000 

875,400 

5,500 

295^666 
1-^2,900 
4tiA00 
133,30   0 

3,90(1 
198,700 
757,300 
~23,S00 

4.8CO 
439,5(« 

4.0(0 
196.500 
487.300 
60.0C0 
302,900 


19l',S06 


2,07.1,810 

1,82',(H\I 

1.35,0(0 

629.800 

45,0(KI 

49.5C0 

17.'.W() 

870.9(0 

2S1.000 

180,000 


Total _. »31.'35JOO»2S0.58I,700    16,403.6(0  t51,7O,>,900  I2!S.4!1,7('0  tl7,8I6.200 

The  deviations  from  the  returns   of  the  previous  week  are  as 
follows : 

J'Oons Dec.  $3.94 -,0(0 1  Set  Deposits Dec.  »5  227.100 

Specie.  Inc.        17,400   Circulation Inc.  84(0 

I^iralTenders Dec.     I.TSVCol 

Tbe  following  are  the  totals  for  a  series  of  weeks  past 


•Tuly  31... 
Auifust  -7 
August  14 
AuK-i6t2I 
AujfUBt  28 
Sept.  4..., 
S.pt.  II... 
Sept.  It... 
Sopt.  25... 

Oct.  2 

Oct.  »... 
Oct.  16... 
Oct.  88.... 


Loans. 

278.91)7.700 
iSO.131.300 
283.541.900 
282.96  l.iOi) 
■)S2.336.90n 
2<2,3S4.3(iO 
283.443.-200 
282.071. ►00 
231,1.16.200 
•273.B41.;*X1 
282,113.600 
28i.529.7CO 
250,584.700 


Specie. 

1^:731.200 
16.331.100 
13.44.'.  100 
!2..'ai.700 
r,'.0I5.1OO 
10.210.300 
9.378.M0 
7,3!i6.5O0 
7.269.-200 
6.448.900 
6.701.500 
6.3S9.20O 
6,406,600 


Legal 
lenders. 
75.531  lOO 
73.601.800 
TJ.726.200 
70.390,700 
70.506.700 
70.606.300 
69,18\2nO 
67.938.000 
67,321.900 
61.490.500 
00.356.600 
36.195.400 
51,702,900 


Denoslts. 

251,066.100 
851.461.800 
248.033.260 
216,176.800 
246.6;6,700 
843.788.W0 
242.604.200 
239.880.400 
239.439.400 
231.403.6(Kl 
230.1.56.100 
828.698.MOi> 
828,471.700 


Circu- 
lation. 
13.576.100 
18.5il.RlK) 
18.412.710 
18.234.51  IJ 
19.021.0110 
I8.12-..40O 
17.756.601) 
n.iM.tOO 
17.934..=0fl 

^.g-js..-™ 
:7.>5;,inii 

17.t-'12.6ai 
17,816,200 


AKgregaie 
clearings 
31)2.74  •,.6;il 
361.9SP.JV7 
S0.1.i!53.7rr> 
S17.9II.I76 
81'C.4'r.  r.:-o 
389.9I?.1»1 
S5J.7-;6.405 

4I1.1I9.1.-1 
405.863.374 
SS5.151.919 
4113.246.651 
41^'<65.~■25 
421.74 1,7 19 


October  30,  1875  ] 


THE  CHRONICLE. 


415 


Aoatoa  Baaks. — Below  we  girt  %  sMtanent  of  the  Boston 

NatiotuklBanka.aa  retarned  to  the  Clearing  House  on  Monday, 

Oct  25.  1875 : 

Bwk«  Casual.       Leaoa.      Specie.  L.T.)rolea.  Depoalu. 

uiuue. ViMMa*    ItxajDS         *8uu       S8S.4W      m*M> 

4Uaa 1.1WJM       tiUtXO 

Waatooaa I.C1IJW       4,nuOI 


Boalea 

B>7Utaa ... 

Broadwaj 

Cvotrmt 

Colas  blaa 

Coatluaaial-. 

HIM., 

■raraft 

rammlBall 

rraamaa'a 

Oloka  

HuBUtra 

Howaia 

*<aaa/aelwai» —  ... 

MwKal 

Muaarkaaclla 

Mtnriek  

MirRkaaU' „. 

Mc<rop»;iua 

Moaal  ?araoa  

■fav  Baslaaa 

Hortt 

OliX  Holloa 

8a««a»ac  

SSaaa*  Lasuaf 
la«a 
ttolt. ............. 

Tradara' 

Traaaat. 

Wuklaftoa 

nra» 

Sacoad  (Oraalta) . . . 

mrd 

raank 

jUaa  orcoaaarea. 
•aakam.ABcnea 
•'k  of  lladaaiptiea. 
Baakof  KapaMle... 

OaaaaavaaUk 

fl- 

ka«la  

Biekaara 

■Ida  *  laalkaf .  ... 

Barara 

•aaarUy 

Vale* 


M.XS 

uea 


liijoa 

UtM* 
MM* 


tauo 
tSSSm 

t,TtTjg» 

1A»I00 

a.as.4uo 

liiuw 

1.9' J« 
LHTJU* 
1.1 


«.(«■ 


IIJUO 
UUI 


Mil 
13  ra 


aijoeo 


WMJUO 

l.l>ll.!«V 

UKJCO 

■JI.TI*! 


M.UM 

m.ao 


ItMt 


ra.Me 

Sm5 

tjgn.iw 

uym 
•asm 

Dl.tO* 
i.«i«.ir 


Citenl. 
lUJX 

710  ro 
•njw 


(M.(W 
M.4N 

««.w 


euis 


tfK 


losjos     unjm     sow     ia.iM 


tJMUM 
SMI/- 


KJM 

tjn.m 


.. ia,n« 

tJt4.l«S         Si,M 

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PeaaajlTaBlaia.  coop 101 

ao  do    retf toi 

do  (1,10-15,20 lltSV 

do        ito     i»-«.  a<i...  ;i9 

noiadatpkla  la,  cU :(4 

do  ia.  aaw U«)t 

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Pinabart^a 

do       aa...  n 

so        To. Ul5)j 

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Camden  4  AilaoUe 

do  do      praf 

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do        ptei ^ 

do        aaw  praf. 

Klmtra  A  Willlamaport 

Blmlra  *  Willlamaport  praf. 

Kaat  PaaaaftraBla 

Uaatlatoaa  *  Broad  Top  .. 
do  do    prat 

Lahick  VaUar „... 

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Nortkara  Oaairal 

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O'.lCeeke  illeibaar  Klrar. 

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Tkatouiaaoaai-daateaUarMaaka.-aaparituaaaatai  Oct.  A  U  SMJHSJW 
The  deTiatloas frtna  Um  week's  retuniSAr*  u  lollowe: 

el- -.'■"••^    *M5I5?»^'" J>e«raaa«.     «o.rBi 


■ITaadero 

The  lollowtag  are  the  totels  for  •  series  of  weeks  psst: 
Ijoaaa.  BoMia.    baeaiTradafa.    Dapoallew 

:#■.;::::.•;:::  m»km      iiim     wS    SS8» 


s .........:;-  i«;iia:»i        «rtjM      ir 

Pltlla4elpkla  Baaka.— Tb.i  following  la  toe  aTerace  coo. 
4ltioo  of  tba  PbiledelpiiiK  Nstiooal  Banks  for  the  week  pieerd 
lo(M<Mday.Ue».a5.  1875:  TetaJaa* 

....        I.Sk<M       ■"'"' —         ~' 

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Urs  tfM* 


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gaakeHlaima 

frateiaaWk.... 

Oaeaa»Mallea 


SOU 


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91 


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Monls^^. 

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do  »f»f.... 

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Tat.  1s.Ma.  !■§... 

Ja       ta  Bntil..lM» 

do     lae.lBcad.'M. 

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«e  do      <4m.£> 

ti  do      SdM.W.T 

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'  i<riaaii,aae1*.  IMS 

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do        6».  rx«mpt,  1?87 

Do        e-,l!-90.  qmrlerly... 

<»o        Sp,  qnarterlr 

Baltimore  <•,  IS9I,  ooarurlT... 
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C',1890.  quartrrlT... 
(a.Par»  laS.'.  Q— M. 

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do         •i.lKS.A.a  O.  . 

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The  followtiiir  are  the  totals  for  a  eerie*  ot  weeks  paat 
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jBoaioaa  Lowell  I 
'BoatoaaMalaa.... 
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loiii 

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Water  Stoek  booda  *a,im. 
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r«Bd.  Loan  (Cors  )  S.Ma.  IM 
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do  a.  at  i>l:a>nfa 

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do        k 

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do         toDda.loea. 

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do  do      ldM.,7,«..! 

do  do      Mil.,  1,77.. 

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do         do      t<m.,1,14.. 
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Dartoaa  Mieblraoatork.... 
do         I  p  o.at'kaaar 

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LOi;iHVII,I.K. 

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do       a.-nto-a.. 

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do  nrldc«>  Arproa'-h  f.a*  Ins' 
do  IEeii«vnl  irold  fm  *  ](n 

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416 


THE  CHRONICLE. 


[October  30,   1875. 


GENERAL  QUOTATIONS  OF  STOCKS  AND  BONDS  IN  NEW  YORK, 

U.  8.  Bond*  ana  ocfftw  Sculroad  Stoekt  are  qvoted  on  a  premout  page.    Prieet  repreient  t/it  per  eent  value,  wliatever  the  par  may  be 


^puruKlTlKa. 


Miate  Bonds. 

^Imbamft  &«.  188S 

do      M.tsat 

do      Ss.lSW 

do       8B.1888  

do       8<,  Mont.  A  Kuf  'U  K. 

do      8a,AI».  *  Chat.K... 

do      St of  189a.. 

Arkanaaa  6«,  f  nnded 

do       78.1..  R.  *  Ft.  8.  IM. 

do        18,  Mcinphla  *  L.  U. 

do        78,L.U.,P.H.*N.O. 

do        78,MIS8.0.  4R.  KIT, 

do        7»,  Arlt.  Cent.  R 

L'>lirornls78 

do        78,  larffo  bonds..  ... 

ConnccttcutOa 

Ueorgta  6a 

do       7s,  new  bonds 

do       78,  endorsed 

do       78,  gold  bonds 

Indiana  Sa ^^. 

Illinois  68  coupon,  ISrr 

do  do       :87« 

00       Warloan 

Kentucky  6e 

Louisiana  68 


do 
do 
do 
do 
do 
do 
do 


do 
do 
do 
do 


Bid. 


do  new  bonds,.  . 
donowlloallnitdebt 

79,  Penitentiary 

6b,  levee  bonds , 

88,        do  

8s,        do         1875. 

St. ..Of  IMO.. 

MlehiK«n«<,l87B-7< 

do       6«,1883 

do       78,1890 

Mlfesonrl  6s,  due  In  187S 

do       do  1876 

do  1877 

d«  1»78 

do  1S79 

_       do  1880 

Funding  bonds  due  In  1894-6. 
Lonp  brf8.  due  '81  to  *91  Incl.. 
Asylum  or  Unlvera..  due  1892, 
Han.  &  6t.  Joseph,  due  1875. 
do       do  do  1876. 

do       do  da  1886. 

do       do  do  1887 

New  York  Bounty  Loan,  rcg 


U6)» 

91 
1(11 

99 

»9X 

'.la 
lOU 
U2>1 
IIU 

86 
96 


do 
do 
do 
do 
do 
do 
do 
do 
do 
do 


coup. 
6s,  Canal  Loan,  ISK. 
(t,        do  1877. 

68,         do  1S78, 

6e,  gold  reg....l887. 
6s,  do  coup.. 1887. 
loan..  1883. 

do   ..1891. 

do  ..1875. 

do   ..1876. 


6s,  do 

6s,  do 

6s,  do 

5s,  do 


North  Carolina  6b,  old,  J.  A  J. 


A.  4  O. 

N.C.KB....J.*  J.. 

do  ....A.  &0.. 

do  coup  off  .J.  &  J.. 

do    do  off.A.&O.. 

Funding  act,  1866.., 

So        1868.., 

New  bonds,  J.  A  J., 

do  A.  &0. 

Bpeclal  tax,  Class  1 

do       Class  2 

do      Class  3. 


101  J. 


101 
il'lX 

lui 

101 
■01 
101 

lOlU 

l>« 

107 

119 

115 

116 


do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
Ohio  6s,  1875 

do    6b,  ISSl 

do    6s.  1886 

Kbodc  Island  68 

Bouth  Carollna6B 

do       Jan.  &  July 

do        April  A  Oct 

do  Funding  act,  1866. . . 
do  LandC,  1889,  J.  A  J. 
do       LandC,1889,A.&0. 

do       78 0fl888. 

do      nonJundable  bonds. 

Tennessee  6s,  old 

do       do  ex  coupon.. 

do       do       do  new  series 

Texas,  108,  of  1876 

Virginia  6s.  old 

do       do  new  bonds,  1866. . . 
do       do       do  1867... 

do       do  cousol.  bonds — 
do       do    exmatudcoup. 
do       do    cousol.  2d  series., 
do       do  deferred  bonds..  . 

District  of  Columbia  3.658 

Katlroad  Mocka. 
(Acline  prerlmmlii  quoted.) 

AllianyA  Susquehanna 

Central  Paclllc 

Chicago  A  Alton 

do  do    pref 

Chic,  Bur.  A  Qulncy 

Cleve,,  Col.,  Cfn.  A  Indlanap.. 
Cleveland  A  Pittsburg,  guar.. . 

Dubuque  A  Sioux  City 

Erie  pref 

Hannibal  A  St.  Joseph,  pref... 

lOtUolti  Central 

Xnolanap.  Ciii.  A  Lafayette — 

Jdllet  A  Chicago 

Long  Island 

Marietta  A  CIn.,  latpref 

do  2dpref 

Michigan  Central 

MorrlsAEssex 

AIlsBuurl,  Kansas  A  Texas.  . . 

Kcw  Jersey  Southern 

N  Y.,  New  flaven  A  Hartford. 

Ohio  A  Mississippi,  pref 

Pacific  of  Missouri 

Pltte.,  Ft.W.  ft  Chic,  guar.... 
do  do    special.. 

Kensselaer  A  Saratoga 

Borne,  Watertown  A  Ogdens.. 
St.  Louis,  Alton  A  T.  Haute. . . 
do  do  do       pref 

Belleville  ft  So.  Illinois,  pref . . 
St.  Louis,  Iron  Mount.  A  South. 

Toledo,  Peona  A  Warsaw 

Toledo,  Wah.  A  Western,  pref. 
mtKcellaiieoiiK^toi-kfr 
American  District  Telegraph.. 

Boston  Water  Power 

'.'aoton  Co..  Baltimore 

Cent.  N.  J.  Land  Improv.  Co.. 

Delaware  A  Hudson  Canal 

A'leriean  *;oal 

llnnnotiaallon  Coal  or  Ivl 

Altirlposa  L.AM.  Co.,  ass't  paid 
do       do  nrof     " 

Cumberland  Coal  ft  Iron 

Maryland  Coal 

Pennsylvania  Coal 

Kprlng  Mountain  Coal 


BIOVBITtlS. 


Hallroad  Bonds. 

{Stock  Bxchangt  Prica.') 

Albanj  ft  Busq.,  Isi  bonds... 

do  do      2d     do    ... 

do  do      3d     do    ... 

Boston,  Hartf.  ft  Erie,  1st  mort 

do  do  guar I 

Bur.,C.RapIdsAMlnn.  lBt7s.g 

Chesapeake  ft  Ohio  68,  Ist  m.. . 

do  do         ex  coup 

Chicago  ft  Alton  sinking  fund. 

do  do     Istmort 

do  do     Income 

Jollet  A  Chicago,  1st  mort 

Louisiana  A  Mo.,  1st  m.,  guar. 
St.  Louta,  Jack,  ft  Chic,  Ist  m. 
Chic,  Bur.  4  Q.  8  p.  cist  m... 
do  do    consol.  m.  7s 

Chicago,  Rk.  Island  A  Paclflc. 
do         S.  F.  inc.  6s,'95 
Central  of  N.  J.,  Ist  m.,  new. . . 

do  do      1st  consol 

do  do     con.  conv 

Lehigh  A  Wilkes  B.  con.  guar. 
Am.  Dock  A  Improve,  bonds.. 
Mil.  A  St.  Paul  1st  m.  88,  P.  D 


;oix 


107X 


v.y. 
r 


Chic,  ft  N.  Western  sink.  fund. 


do 
do 
do 
do 
do 
do 
do 
do 
do 


OB,  I  .   l^., 

do  7  3-10  do. 
78,  gold,  R.  D. 
lstm.,LaC.D. 
Istm.I.AM.D. 
Istm.  I.ft  D.. 
Istm.  H.  AD. 
Ist  m.  C.  ft  M 
Ist  Consol.  .. 
2d  m.     do    . 


mx 


21 

18 

ao 

31  )i 
21 

lii" 

101), 


98 
115 

lOlX 
-08)1 
99X 

ii:; 
101 X 
lOih 

lii' 

91 

93k 
SIX 


HIS 

108 


do 
do 
do 
do 
do 
do 


Int.  bonds 
consol. bdB 
ext'n  bds. 
Ist  mort. 
cp.gld.bds 
reg.    do 


Iowa  Midland,  Istmort.  8s, 
Galena  A  Chicago  Extended.. 
Peninsula, 1st  mort.,  conv — 
Chic.  A  Milwaukee,  1st  mort. 
Winona  A  St.  Peters,  1st  mort. 

do  do  2d  mort. 

C.CC.ft  Ind's.lstm.7s.  S.  F 

do  Consol.  m.  bonds 

Del ..  Lack,  ft  Weste rn,  2d  m .  . 

do  do      78,  conv. 

Morris  ft  Essex,  Ist  mort 

do  do     2dmort 

do  do      bonds,  1900... 


85 

17X 
^3 
107 

iie^. 
% 

90 
59  S, 
86)4 
NS 
79 
103 
98 
98 


101 


109 


llOX 
96 

lis' 

92 

90 
9i 


100 


112H 


l06X 


sxotJiimxB. 


Tol.ft  Wabaab,  1st  m.  extend. 

no  do       1st  m.  St.L.  dlv 

do  do       2dmort 

do  do       eqnlpm't  bds. 

do  do       con.  convert.. 

Bannlbal  A  Naples,  Ist  mort... 
Oreat  Western,  l»t  mort.,  1888. 
do  2d  mort.,  1893.. 

Qnlncy  ft  Toledo,  1st  mort.  1890 
nilnolB  A  So.  Iowa.  1st  mort... 
Lafayette,  Bl'n  A  Miss.,  Istm. 
Han.  4  Central  Missouri,  Istm. 
Pokln.Llncoln  A  Decatur,  Ist  m 
CIn.,  Lafayette  A  Chic,  ist  in. 
Del.  ft  Hudson  Canal,  Ist  m.,  '91 

do  do  1881 

do  do  18Ti 

Long  Island  liR.,  1st  mort 

Sooth  Side,  L.  I.,  I8t  m.  bonds. 

Western  IJnlonTel.,  Ist  m.  7s. 

raiarcellaneoiia  LIkI, 
IBrokera'  Quotatlons.1 

CITIKS. 

Albany,  N.Y.,«8 

Buffalo  Water 

CO      Park 

Chicago  6s,  long  dates 

do       7s,  sewerage 

do       78.  water 

do      7s,  river  Improvement 

do      7s,  various 

Cleveland  "ts 

Detroit  Water  Works  7s, 

Elizabeth  City,  due  '95,.. 

"       "    '85... 

Hartford  68 

Indianapolis  7-30s 

Newark  Clty7s 

Oswego 

Poughkeepsle  Water 

Rochester  City  Water  bds.,  '93 

Toledo  7-608 

Tonkers  Water,  due  1903 

FAILROADS, 

Atchison  A  p.  Peak,  69,  gold.. . 
Atlantic  A  Paclflc  L.  G.  Bs,  gld. 
Atchison  A  Nebraska,  8  p.  c. . . 
,  Bur.  4  Mo.  Rlv.,Land  m.  7b, 


aw 

3 

3% 
102 
107 
107 

m 

31 
30 
30 
30 
bO 
30 
SO 
*H 
48X 
I'W 

4: 

101 
S9X 
40 
40 
69 


101 

'lb 

X 

lOSX 
111 

51 

39« 

65 


63X 


61 


13X 


16 


do  do      construction 

do  do      78  of  1871 

do  do     Ist  con.  guar. 

Erie,  Ist  mort.,  extended 

do       do  endorsed — ... 

do    2d  mort.,  78, 1879 

do     8d    do      7s,1883 

do     4th  do      78,1880 

do     5th  do      78,1888 

do     7s,  cons.  mort.  gold  bds. 

Long  Dock  bonds 

Bull.,  N.  Y.  4  Erie,  1st  m.,  1877. 
do       do  do     large  bds  . 

Han.  A  St.  Jo.  land  grants 

do  do     8s,  conv.  mort... 

Dubuque  A  Sioux  City,  Ist  m.. 
do  do  2d  dlv. 

Cedar  Falls  A  Minn..  Ist  mort. 
Indlanap.,  Bl.  A  W.,  Ist  mort. . 
do  do        2d  mort... 

Mich.  So.  7  p.  c  2d  mort 

Mich.  S.  ft  N.  Ind.,  S.  F.,  7  p.  c 
Cleve.  A  Tol.  sinking  fund.... 

do         do    new  bonds 

Cleve.,  P'vlUe  4  Ash.,  old  bds. 

do  do     new  bde 

Detroit,  Monroe  4  Tol.  bonds. 

Buffalo  A  Erie,  new  bonds 

Buffalo  A  State  Line  78 

Kalamazoo  A  W.  Pigeon,  1st. 

Lake  Shore  Dlv.  bonds 

do  Cons,  coup.,  Ist... 

do  Cons,  reg.,  Isi 

do  Cons,  coup.,  2d 

do  Cons,  reg.,  2d 

Marietta  A  CIn.,  1st  mort 

Mich.  Cent.,  conBOl.  7s,  1902  . . 

do  1st  m.  8s,  1882,8.  f. 

do  equlpm't  bonds... 

New  Jersey  Soutnern,  1st  m .  76 

do  do      consol.  7s 

New  York  A  New  Haven  6s. . . . 

N.Y.  Central  6s,  1883 

do  6s,  1887 

do  66,  real  estate.... 

do  6b,  subBcrlptlon. 

do  78,1876 

do  78,  conv.,  1876 

do  A  Hudson,  Ist  m.,  coup. 

do  do     Ist  m.,  reg... 

Hudson  K.  7b,  2d  m.  8.  f  d.  1885.. 

Harlem,  1st  mort.  7s,  coup 

do  do  reg 

North  Missouri,  1st  mort 

Ohio  ft  Miss.,  consol.  sink,  fd, 

do  do     consolidated 

do  do     2d     do  

do  do      iHt  Spring,  dlv.. 

Central  Paclflc  gold  bonds 

do  San  Joaquin  br'nch 
do  Cal.  ft  Oregon  1st. . 
do  State  aid  hondb 

do  L.  (1.  bonds  ... 

Western  Paclflc  bonds 

Union  Paclflc,  Ist  mort.  bonrit 

do  Land  grants,  78. 

do  Sinking  fund,. 

Atlantic  ft  Paclflc  landgr.  m. 

South  Paclflc  1!R.  bds.  of  Mo. 

PaclflcK.  of  Mo.,l8tmort.  ., 

do  do         IstCaron'tB. 

do  do         2d  mort 

Paclflc  R.  7s,  guarant'd  by  Mo. 

Pitts.,  Ft.  W.  ft  Chic,  Ist  mort 

do  do     2d  mort. 

do  do     3d  mort 

Cleve.  ft  Pitts,  consol.  s.  fund. 

do  (to     4th  mort 

Col.,  Chic,  ft  Ind.  C.  I8t  mort. , 

(10  ^('    2d  mort., 

Rome,  Watert'n  A  Og.  con.  isi 

St.  L.  ft  Iron  Mountain,  Istm. 

do  ,    2d  n 

Alton*  T.  H.,l8t  mort 

do  do     '2d  mort.  pref... 

(1)  do      2(1  mort.  lacom* 

Belleville  A  8.  III.  R.  Istm.  88. 
Tol.,  Peoria  ft  Warsaw,  E.  D.. . 
do  do       W.  D.. 

do  do   Bnr.  Dlv. 

do  do  2d  mort.. 

65H'-67>i         do  do   consol.7s 


62H 
103X 


93X 
90 
118 


105 

lOoX 

104X 

lOOM 
92 


101  ;< 


80 
27 

I'BJ. 

108 

106)4 

102 

103 

101 

101 X 

100 

101 

99X 
102 
lU) 


103X 


102; 

m 
100 

100 
iOix 

119 

;i4 

112)4 

1IJ>^ 

;i2)4 

90" 
65)4 
lOix 


106 
9-;), 
9S 

101 V 
98 
87X 


106 

106)4 

106 

loak 

95X 
95X 


nx 


104 


ICIK 


A«k 


2d 8., do  78.... 
SdS.,  do  8s.... 
4th  8.,  do  88. . . 
SthS.,do88... 
6th  S.,  do  8s. 


103 
102X 


108X 

126)4 
116 

114  k 
96x 

90ik 
iSJi 
66X 
TO 

si' 

92 

94k 
9651 

:02 

9SX 


74X 

66x 
lOi 
i:4x 

107 
lOOX 

.o?x 

101 X 
46X 
15 

so' 

m 

87 
70 


102 

49X 

18 

91 

90X 

55 
110 

Si 

T2 
100 

.  Tik 


do  do 

do  do 

do  do 

do  do 

do  do  . 

Bnr.,C.R.AM.  (M.dlv.),g.78. 
Cairo  A  Fulton,  Ist  7s,  gold 
California  Pac  KR.  7s,  KOld 

do  6s,  2dm., g 

Canada  Southern  Ist  7s,  gold . 
Central  Paclflc  78,  gold.  conv.. 
Central  of  Iowa  1st  m.  7b,  gold 
do  do     2d  tn.  78,  gold 

Keokuk  A  St.  Paul  88...  ' 

Carthage  A  Bur.  Ss 

Dixon,  Peoria  A  Han.  8s 
O.  O.  A  Fox  R.  Valley  88 

Qnlncy  A  Warsaw  88 

Illinois  Grand  Trunk 

Chic,  Dub.  A  Minn.  88.. 
Peoria  A  Hannibal  R.  8s. 
Chicago  A  Iowa  R.  89... 
American  Central  88 — 
Chic  A  S'thwestern  78,  guar. 
Chesapeake  A  O.  2d  m.  gold ' 
Col.  ft  Hock.  V.  Ist  78,  aw  years 
do  (Ip     Ist  7s,  10  years 

do  no     2d  7s,  20  years 

Chicago,  Clinton  A  Dub.  8s — 
CMcTa  Can.  South.  1st  m.  g.7s 
Ch.  D.  A  v.,  1.  dlv.,  Ist  m.  g.  78. 
Chic,  Danv.  A  VIncen's  78,  gld 

Connecticut  Valley  78 

Connecticut  Western  1st  78. . . 
Chicago  A  Mich.  Lake  Shore. 
Dan..  Urb..  Bl.  A  P.  Ist  m.  78,g 
Des  Moines  A  Ft.  Dodge  Ist  7s, 
Detroit,  Hillsdale  A  In.  KR.8s 
Detroit  A  Hay  City  88  guar.... 

Detroit,  Eel  River  A  111.  8s 

Det.,  Laos.  4  Lake  M.  Ist  m.  8i 
do  do     2d  m.  88 

DntchessA  Columbia  78 

Denver  Paclflc  78,  gold 

Denver  A  lilo  Grande  78,  gold. 
Evansvllle  A  Crawford8V.,7s. . 

Erie  ft  Pittsburg  Ist  78 

do  do         2d78 

do  do         78,  equip 

Evansvllle,  Hen.  &  Nashv.  78. . 
EHitabethtown  A  Padu.  88,  con. 
Evansvllle,  T.  H.  A  Chic  7b,  g. 
Flint  A  Pere  M.  7s,  Land  grant. 

Fort  W.,  Jackson  A  Sag.  8s 

Grand  R.  A  lud.  1st  guar  78.... 
do  IstL.  G78... 

do  Ist  ex  L.  G.  78 

Grand  River  Valley  8s 

Hous.  A  Texas  C.  1st  78,  gold.. 
Indlanap.  A  Vlncen.  lBt78,  guar 
Iowa  Falls  A  Sioux  C.  1st  78... 
Indianapolis  A  St.  Louis  7b — 
Houston  A  Gt.  North.  1st  78,  g. 
International  (Texas)  1st  g.  , . 

Int..  H.  A  O.N.  conv.  88  

Jackson.  Lansing  A  Sag.  8s — 
Kansat  Pac  7b,  extension,  gold 
do  78,  land  grant,  gld 
do  'is,  do  new  gld 
do  6s,gld,JuneA 
do  6s,  do  Feb.  4  Aug 
do  78, 1876,  land  grant 
do  7s,  Leaven,  br'nch 
do  Incomes,  No.  11, 
do  do       Ko.  16, 

do        Stock 

Kalamazoo  A  South  H.  Ss,  guar 
Kal.,  Allrghan.  A  G.  R.  8s. guar 
Kansas  City  A  Cameron  lOs 
Kan.  C,  St.  Jo.  A  C.  B.  88  of  '85 
do       do  do    8s  of  '98 

Keokuk  A  Des  Moines  Ist  78. . . 
do  Ist  coup,  Oct. ,'76 
do  funded  Int.  88 

do  pref.  stock.. . 

L.  Ont.  Shore  RR.  Ist  m.  gld  78. 
Lake  Sup.  A  Miss.  Ist  78,  gold. 
Leav.,  Atch.  A  N.  W.  78,  guar.. 
Leav.,  Law.  4  Gal.  I8t  m.,  10s. . 
Logans.,  Craw.  A  S.  W.  88, gld. 

Michigan  Air  Ltne  88 

Monllcollo  A  P.  Jervls  78,  gold 

Montc!alrl8t7R.goId 

Mo.,  Kansas  A  Texas       gold.. 

Mo.  R.,  Ft.  S.  A  Gulf  Ist.Ti.  10s 

do        do  do    2a  in.  10s. 

N.  Haven,  Mlddlet'n  4  w.  78.. 

N.  J.  Midland  Ist  7b,  gold 

do  2d7» 


12X 


112 
IIOX 
103X 
103 


:C2 
106 
106 
98 

;04X 
IftiX 
■.U4X 
103V 
lOlV 
106 
96 
99 
102 
100 
107 
|U3 
:05 
109 
102 
104 

20 

15 

20 
105 
108 
108 
108 
108 
109 

22X 

S5 

70 


55X 


HI 
lOlX 


ir< 

107 
107 
00 
109 
104X 
1U4X 

lOSX 
106X 

97 

99 
103 
102 
108 
101 
106 
106 
103 
lOB 


sKcnrBiTiss. 


New  Jersey  A  N.  Y.  7s,  gold.. 
N.  y.  A  Obw.  Mid.  1st  7s,  gold. 
do  do        2d  7s, conv. 

Nortl .  Pac.  Ist  m.  gold  7  S-lOs.. 
')mal  a  A  Southwestern  RR. « 

Oswego  A  Rome  7s.  guar 

Peoria,  Pekln  A  J.  Istmort — 

Peoria  A  Rock  I.7s,gold 

Port  Huron  A  L.  M. 7b, gld,  end 
Pullman  Palace  Car  Co.  stock, 
do  bds,  88, 4th  series 
Rockf 'd,  R.  I.  A  St.  L.  Ist  78,  gld 
Ruu^i>  t  *  "«wego  7b,  (torn... 

SlonxCltyatfaciflcbo 

Bouthern'Mlnn.  construe.  8s... 

do  78 

St.  Jo.  ft  C.  BLlst  mort.  10s... 

do         do  8  p.  c 

St.  Jo.  4  Den.  C.  88,  gld,  W.  D. 

do  do     88,  gld,  E.  I).. 

Sandusky, Mans.  A  Newark  7s. 
St.  Louis,  Vandalla  A  T.  11.  Ist. 

do  do  2d,  guar. 

St.  L.  A  So'eastern  let  7s,  gold. 
St.L.  A  I.Mt.  (Ark. Br.) 7s,  g. 
Southern  Central  of  N.  Y.7s... 

Union  A  LoKanBport7s 

Union  Pacinc,  So.  branch,  6s,  g 

Walklll  Valley  ist  7s,  gold 

West  Wisconsin  78,  gold 

Wisconsin  Valley  88 


Sonthern  Securities. 

'Brokers'  Quntatiowi.'j 

8TATK8. 

Louisiana  new  consol.  78 

South  Carolina  new  consol.  68. 
Texas  State  68, 1877 

do        68,1891-2 

do        78,  gold 

do       10s,  of  1884 

lOs,  pension 


do 


72^4 
92X 
20 

25' 
60 
18 
5 
100 

25' 
42 
60 

32' 
30 
10 


35 
S2X 
60 
lOO 


65 
72 

65" 

20 

16 

IIX 
100 

96 
100 

50 

90" 

75 
95 
25 
60 


22 
10 
106 
40 
28 
48 
69 
40 
35 
32X 
14 


01T1X8, 

Atlanta,  Ga.,  78 

do       8s 

Augusta,  Ga.,  7s,  bonds 

Charleston  stock  68 

Charleston.  S.  C,  78,  F.  L.  bds, 

Columbia,  S.  C,  6a 

Colmnbus,  Ga.,  78,  bonds 

Lynchburg6B 

Macon  7s,  Donds 

Memphis  old  bonds,  69 

do       new  bonds,  6s 

do       end.,M.  A  C.BB.  .. 

Mobile  58, (coups,  on) 

do      88. (coups,  on) 

Montgomery  88 ..,, 

Nashville  68,  old 

do        6s,  new 

New  (Orleans  58 

do  consol.  68 

do  bonds,  7b 

do  gold  78,  quarterly 

do  108 

do  to  railroads,  6s. . 

Norfolk  6s 

Petersburg  68 

Richmond  68 

Savannah  7s,  old  

do        7s,  new 

Wilmington,  N.  C, 68, gold.... 
do  do     86,  gold... 

RATLTtOADS. 

Ala.  4  Chatt.  Istm.Bs.,  end.... 
Ala.  A  Tenn.  R.  1st  mort.  7s. . . 
do         do  2d  mort.  78.... 

Atlantic  A  Gulf,  consol 

do  do    end.  Savan'b. 

do  do    stock 

do  do      do     guar... 

Carolina  Central  Ist  m.  6s,  g.. . 
Central  Georgia  consol.  m.  7s. 

do  stock 

Charlotte  Col.  A  A.  1st  M.  78.. . 

do  do       stock 

Charleston  A  Savannah  68.  end 
Savannah  A  Char.  1st  m.  It 
Cheraw  A  Darlington  7b... 
East  Tenn.  A  Georgia  68... 
East  Tenn.  A  Va.  68,  end.  Tenn 
E.  Tenn.  "Va.  A  Ga,  1st  m.  78. . . 

do  do        stock 

Georgia  RR.78 

do  stock 

Greenville  A  Col.  78,  guar 

do  do    78,  certif 

Macon  A  Brunswick  end.  78... 

Macon  4  Augusta  bonds 

do  do       endorsed 

do  do       stock 

Memphis  A  Charleston  Ist  78. 

do  do  2d78.. 

do  do  slock 

Memphis  A  Little  Rock  1st  m. 

MIsslBBlppI  Central  1st  m.  78. . 

do  2dm.  88... 

Mississippi  A  Tenn.  1st  m.  7s. 

do  do     consol.  88 

Montgomery  A  West  P.  Ist  8s 

do  do  Incotae 

Mont.  A  Eofftula Ist  88,  g.  end. 

Mobile  4  Ohio  sterling 

do  do      do     ex  certif 

do  do   8s.  Interest, 

do  do   2d  mort.  88. 

do  do   Block 

N.  Orleans  A  Jacks.  1st  m. 

do  do    certlf's  88.. 

N.  Orleans  A  Opelons.  1st  m.  8& 

Nashville  A  Chattanooga  68... 

Norfolk  4  Petersburg  Istm.Sa 

do  do  7s 

do  do         2dm.  8s 

Northeastern,  S.  C,  Ist  m.  88. . 

do  2dm.  Ss... 

Orange  A  Alexandria,  Ists,  6s.. 

do  do  2ds,  68.. 

do  do  3ds,  88. 

do  do  4th8,  Ss.. 

Rlehm'd  A  Petersb'K  1st  m.  7s. 

Rich.,  Fre'ksb'g  4  Poto.  6s. . . . 

do  doconv.7s 

Bleb.  A  Danv.  Ist  consol.  68.. 

Southwest  RR.  Ga,lBtm. 

S.  Carolina  ItR.  1st  ui.  78,  new 

do  68.,..  

do  78  

do  stock 

West  Alabama  88,  guar 

PAS  I'  XiVK  COUPONS. 

Tennessee  state  coupons 

Virginia  coupons 

do       consol.  coup 

Memphis  City  coupons 


Ask 

?,>" 
iJ'^ 

95 
100 
TS 


95 

M 

95 

82X 

99 
102 
100 


92 
42 

73 

io' 

SO 
75 
98 
60 
60 
10 
40 
50 
90 
70 
70 
«4 
90 
100 
70 
64 
92 
100 
88 
90 
19 
89 
69 
9 
69 
89 
65 
90 
64 
99 

<a 

29 
46 
46 
32 
19 
S 
S8 
80 
19 
76 
93 
»8 
82 
32 
89 
90 
76 
91 
69 
90 
80 
SO 
73 

92" 

E« 

60 

10 

90 

50 
44 

90 

•0 


Octo  er  3l),  1875.] 


THE   CHRONICLE 


417 


Jnocstmenta 

AND 

STATE.  CITY  AND  CORPORATION  FINANCES. 


The  "  laTeaton' SapplemoDl"  )■  pablUhed  on  tbe  l*at  Saturdaj 
of  each  raoalh.  and  farniahed  to  all  raKolar  sabacribers  of  thg 
Chbomclk.  No  alDgle  oopiea  of  the  Sapplement  are  aold  at  the 
office,  as  00I7  a  aaffletent  namber  la  printed  to  aoppljr  tegolar 
■ubacribtra. 

annuaij  reports. 


The  net  earninga  were : 

IgTt-W. 

SaTannab  DWiriOB $7M.1W  SO 

Atlaou  Division ao;,a6i  01 

SoalbwntFrn Railroad.  ...      M6,i9r  «a 
l'p«m  County  R.  R *«I7  IJ 

Total  railroad 

Central  Railroad  Bask. . . 


Total tl.U7,«MlS 

•  D«flclewy. 

The  average  r?8alts  were  aa  follows : 

Sav.  DiT.      At.  Dlv. 
GfOMeamlninpcrmne  ...  $S,46I  ti,*l' 

irataaraiiuapfrmlle 1.567  t,0» 


1878-74. 

tr.t2.mt  S8 

fH.O-.b  so 

181.8S.S  3« 

311  7S 

Inc.  or  Doc.        P.  c. 
D«:..     t6  5l5TR     0  9 
Inc..    113,809  68  lil.l 
Ilc  . .     84,733  iS    46. « 

$1.0Pg,9S4  04 
U.im  75 

tl,023.0«tt  73 

Inc. 
Inc. 

iae' 

.fisn.gv;  87   18  9 
«S,5.«  47  )«7  0 

1304,433  31    MO 

S.  W.  R.  R.  U.  C.  R.  R.  ToUI. 

ti.&M         $906  $4,074 

ST8           ....  I.t9« 

6S.41       110.88  &7.81 


Centrml  of  Georcia. 

(For  the  Ymt  Kniing  Augtutil,  1875.) 
Prom  tbe  newapapera   we   bare  the   following  abatraet  of  tl 
luinaal  report.    Tbe  Preaident  ears  :    In  tbe  face  of  tbe  decrease  j  joint    purcbaaera  of   tbe  road  aoleaa    some    other 
ia  gmaa  earninza,  there  baa  been  a  considerable   inereaae  in  the 
bet  reaull.  which  baa  been   aecured    by  the  atricteat  aoonomj  and 
eloae  attention  to  details  of  operation,  together  with  the  georral 
decrease  of  pricesof  labor  and  materiala.     While  tbe  aame  policj 
of  eooDomjr  will   be  eonlinned,  it  is  not  beliered  that  much  addi- 
tional  laTinfr  can   be   made  in   tbe   expensea  of  working.     The 
property  has  been  fully  maintained,  and  Is  now   in   belter   coadt- 
tion  than  at  any  time  since  tbe  war. 

Soma  ehaages  in  aeeoanta  have  been  made  daring  the  year. 
Coaatderable  amonnia  beretolore  carried  aa  aasets  hare  ovra 
ehargad  oS.  The  statameau  of  the  Central  Kitlriad  Bank  will 
belnelad<id  In  the  geaeral  balaaea  sheet  of  this  year.  Instead  ol 
a  •opaiata  oaa  aa  baratolore.  Tua  boaiaeas  of  the  Baak  haa  been 
aomlaal,  aad  laaat  eoatiaoe  to  ba  so,  anleas  a  capital  oa  whirli 
to  tiaaaaet  basiaeaa  la  aapptled  to  it.  It  1%  howavar,  a  valuable 
aatlliary  U>  tbe  operations  of  the  road,  aad  la  ia  that  way  a 
sotirea  of  rereaae. 

Aa  aacceated  in  the  last  report,  a  ttaamship  eomoany  has  been 
Carmed, ta  wbleb  the  company's  steamers  and  the  Vale  Kiral 
■leyiy,  aseapt  Iba  track,  aldlogs  aad  risht  of  way  to  tbe  rirer, 
ha«a  kaaa  tnasCsnad.  aad  atock  ukea  In  payment.  A  separate 
lapart  nmi*  by  this  aoapany  will  form  aa  appendU  to  the  Cen- 
Irai  Railroad  repoiL 

In  March  last,  au  olTsr  was  made  toasehange  the  new  eonnoli- 
dalwl  bonds  at  «S  for  Um  %\ffX)flVi  boada  lasaod  after  the  war  to 
pay  for  the  rc-ooaalracliaa  ol  the  road,  vhieh  became  doe  8ept''Di- 
ber  1.  Only  f  108.000  of  these  bonds  have  thaa  far  been  pre- 
■salad,  aad  oaly  199,000  etebaaged.  It  la  bellarwl  that  wli..n 
tha  lalaieat  eessas  at  matarity.  most  of  tbeaa  boada  will  be 
eiebaagad  soon ;  shoold  tbis  not  be  the  case,  tbe  traa  policy  wii; 
ba  ta  darvMe  all  set  aaraiaga  to  their  paymeat  rather  than  to 
■abaait  to  a  gvsatar  dlseount  thaa  flve  per  eaat.  oa  the  new 
boada. 

Ia  addhlaa  to  thaas  boada,  pfoviaioa  maat  ba  aMda  for  |4  .,000 
SaalkwaMara  boada  falllag  daa  Oeiabar  1. 1973 ;  9t7a,.-iOO  M  ua- 
eofsa  baada,  la  Jaanary.  1979 ;  $10X100  Bonihaaiisia  bonds  in 
March.  1870.  aad  piiflM  Mobile  *  Olrard  flrsi  mttngaan  bonds 
(aadoiaed).  la  Jalr,  1870 ;  la  all  9440.000.  It  la  laaSmeaded 
that  all  or  part  <il  tbeaa  ba  pa!d  from  aet  earalaga  ioitef  1  of 
daalariBg  a  dirideaJ  aad  aelllag  now  boada  at  a  dlseoont. 

Vka  read  warhsd  waa  tha  same  aa  for  tbe  prevtoas  year,  aa 


I  Dtvtrtsa,  Ssnaaali  la  Mtcoa. 
IMitaa,  Aaaaa  I 


IM 


Mllr 


■V*H 


••aaaaa*a«**a 


M 

Tl 

» 
MX 


rasa.  Vast  VaHsy  la  CBia 

~~ — ^.CMkhsrt  tereclOslasa. 

llbTflls  la  AlkMj 

.attaaytaArlt^taa 

ran  VsOsr  ta  PstrrT. 

rpaaa  Osaaty  ■aUraad,  ■sraasTtlle  to  THoonrtoa. 

TWal 77;^ 

The  Sarannah  DlTlslon  with  the  Aagaata  and  Katonioo 
branches  are  known  together  aa  the  MaTaonah  DiTisioo. 

The  aamlogsof  tbe  roads  worked  for  tha  year  aodias  Aoirust 
SI  were  aa  follows:  -a       k 

I874-7S.  Un-T4.         las.  er  Dk. 

•arsaaali  Dlrtotaa 9IJH.I»  71    tUlUa  14    Dae    SlM-aM  41 

Atwj»oiri.iy       .."^iM,,    •w"««  »2::'!mSS 

•MttMtorablinaa.  ..     7ni,1St  ti        Til J»  M   !>«..        iw  M 
0*saa0sa8t7K.K. »,«» 71  M>4 1«  D«..      t.i5«i 


P.*. 

7.4 

:a.a 

0,1 
11.4 


9i.aMJM«i 
M,Mon 


CaaUiRallnaa  Baafc 

TettI •■.MI^Tn 

Tba  worUag  aipeaasa  wars 

i»74-;s. 
■sMaasb  nrMea 
AUsatiOMaeo. 
■MittwsMasB  aa.- 
VpsasOeaatrB.B. 


ttfw.wt  la 


Dsc. 
las. 


•a«,M»  ss 
(1,701  tl 


S.H 

n  I 


«t  •a.ia^m  •  i>t«..|tiM,M7  u    «  o 


Per  cent  orczpenaea fiS.il  U.M 

The  expensea  the  previous  year  were  67.41  per  cent  of  earninga. 
The  report  of  President  Wadley  gives  the  following  par- 
tlcttlara  coDcernlng  the  Weatern  Alabama  road :  "  A  decree 
for  the  aale  of  the  road  having  been  made,  and  the  Central, 
jointly  with  the  Georgia  Railroad  Company,  being  endoraera 
on    a    Urge    amount    of    the  bonds,   it   was   agreed  to    become 

party  bid  a 
sum  lar^e  enough  to  protect  tbe  endorssments.  The  sale 
was  made,  in  accordance  with  the  decree  of  court,  April  19,  and 
tbe  road  was  bid  off  by  Major  II.  C.  Snmple  a4  Hj^ent  for  the  two 
companies.  The  amount  bid,  with  expensea  and  payments  nn 
■oeonnt  of  the  Wrsiern  Railroad  Company,  amountisl  to  $3,286^ 
8jS7  08.  This,  divided  equally  between  the  two  purcbaaing  com- 
paalea.  girra  to  each  |l,i;43,l°,!8  51.  While  the  abore  waa  the 
sum  bid  and  paid  by  the  two  companies,  the  bonded  debt  of  the 
Weatera  Railroad  stands  now  at  |2,5.>3,000,on  which  interest  has 
to  be  paid  at  tha  rate  of  8  per  cent  per  annum.  *  *  Althoiii^h 
the  road  was  sold  April  19,  tbe  sale  waa  not  confirmed  until  May 
99,  when  it  paased  into  tbe  hands  of  Qen.  K.  P.  Alexander,  aa 
agaat  of  the  two  companies,  and  he  will  continue  in  that  capacity 
aatil  a  prorisional  organization  is  formed,  which  ia  provided  for 
by  agraemeat.  Thia  agreement  proridea  for  a  partition  of  Ihe 
road,  so  that  '.he  (ieorgia  Company  will  control  the  portion  of  the 
road  from*Weat  Point  to  Opelika,  and  the  Central  that  from 
Colnnbus  to  Op'lika.  For  tbe  purpose  of  arraoging  a  basis 
apoa  which  to  maketbis  partllloo.  Messrs.  L.  P.  Qraut  and  Virgil 
Pawers  ware  appointed  by  tbe  two  rompaoiea  to  take  thin  matter 
latoeooaid>-''.'i<'n  «n<1  report.  By  their  report,  whie'i  ia  beliered 
to  ba  fair  i  :H>th  partioK,  tbe  Georgia  Railroad  ia  charge. 

able  with  ^  T  the  road  from  Weat  I'o  nt  to  Opelika,  and 

tba  Central  with  $487,000  lor  that  from  Columbuh  to  Opelika. 
The  partition  haa  not  been  conaummateil,  and  therefore  details 
eaaaot  b«  giren  :  but  it  is  hoped  that  this  can  soon  be  done  so 
that  the  two  roada  will  meet  at  Opelika." 

OENBR^I.  INVE3TMENT    NEWS. 

Caatnl  af  Iowa.— A  daerea  haa  been   made  in  tbe  United 

Circuit  Court  at  Dea  Moinea,  luwa.  for  the  foreclosure  sod 

9i  tbe  Central  Railroad  of  Iowa  for  the  beneflt  of  the  bond- 

NVe  copy  from  the  report  of  the  New  Vork  and  Boston 

■■litre  til  tbe  iiondholdera :—  f 

Tbe  maater  ap|H>lnted  In  May  last  to  ascertain  the  wiahea  of  tha 
baadboUera  reported  that  a  very  large  majority,  in  wit,  92;<T2,.'MH) 
Mt  a(  19.700,000  Snt  ■u>rtgage  bonds,  and  fT 1 0.000  out  of 
fnO^OOO  aecoada,  approved  of  the  eompromise  meaaure  recom- 
Bsaded  by  the  Boston  sod  Ssw  Vork  committees. 

The  result  of  the  hearing,  which  liaa  last  b.>en  had.  Is  salla- 
featory.  The  Court  bas  decided  that  the  majority  (rorerns  ac 
eofdiag  to  Ihe  conditions  of  tbe  deed  of  trust;  ami  in  the  course 
of  tbe  opinion  pronounced  remarked  that  the  campromi«e  meas> 
ore  Bppran-d  fair  and  just. 

Purauloi;  the  lenaa  of  the  deed  of  Iraat,  the  Court  haa  decreed 
a  sale  of  the  property  of  the  Centr*!  Railroad  Coiupaov  of  lows, 
aotborisiDg  aad  directing  the  truatees  to  bid  in  the  entire  indrbt- 
sdoaaa  for  ilie  benefit  of  erery  Inlereat  In  the  order  of  their  prior- 
lllea  ;  and.  baring  obtained  a  title  therrtn,  the  trostee  Is  instructed 
to  rr  coiivi'ir  ih-  property  to  a  new  cmi|niDy  fnrmel  to  receire  It, 
prbrl.lii.t;  tlnrriu  for  each  interest  the  satue  position  as  the  com- 
proiuiav  mcaaure,  subject  to  Ihe  control  of  l>ou   holders. 

The  eommlllae  adda  that  the  compromiae  innastire  will  be  car- 
ried oot,  aad  that  tbe  eondltlon  of  the  road  aud  lis  increasing 
baalaass  joatify  tbe  belief  that  if  notliing  untoward  inierrenrs 
tba  compromise  measure   will   real  xj   what   haa   been   expected 


«r7.tnK 

ta4.i«os 

«.Min 


l*»-74. 

•a4M77M 

M4.i/7«S* 

am,7n  « 

■.Ml« 


Isc  or  Dec. 
»«c.  tin,Ml  r.t 
Dec..   IKbTMSI 
Dae.,     mx,*  9) 
las..  4S  44 


njm  m 


11.1 


Dm. 
Dse. 


•40O,M7  41 


P.  c. 
14. & 
S«  t 
14  5 
0» 

iri 

8.7 


TsWi 


.9I.W,KTM    tt.MMHM    Dse..940l,MBta    1(0 


CbMaa«ake  k  Ohio  Road.— The  eaae  of  the  Chesapeake  ft 
Ohio  Railroad  was  called  October  21,  intho  r.-.itod  Slates  Circuit 
Court  at  Rlrbmuod,  Va.,  Judge  Bond  presiding.  Mr.  .Storrs,  of 
Nea  York,  of  counnel  for  t'.je  railroaH,  n-ad  an  anawi-r,  and  con- 
Ifadlar  bv  praying  that  Gen.  W.  C.  Wlckhaui,  Vlc«  President  of 
fbe  road,  be  appointed  permanent  receiver.  Mr.  MarKarland,  c>f 
New  York,  counsel  for  the  trnaleea  in  the  first  Chenpeake  & 
Ohio  liailroad  mortgage,  and  the  counsel  for  the  second  mortgsge, 
snd  for  certain  bondholders,  are  united  in  the  prayer  for  General 
Wirkkam's  appointment.  Hute-Attoroey  General  Il^niel  aakod 
that  tbe  State  be  admitted  as  a  party  to  the  suit,  claiming  that 
the  Stala  la  tbe  guarantor  of  $1,000,000  old  Viririnla  (Vntral, 
now  Cbeaapaake  k  Ohio  hoods,  snd  also  a  holder  ol  |U,000,000  uf 
bonds  and  atocka  ;  the  State  c'aima  a  forfeiture  of  the  roaid,  and 
aska  the  appointment  of  Isaac  II.  Carriogtoo  aa  reeeirer.  Judge 
Bond  took  the  papers,  and  promlaed  a  report  in  three  or  four 
dav. 

DlHtriet  af  Colarabla.— A  full  atstement  of  the  bonds  out. 
siandioir  to  September,  1876,  ia  given  in  our  "  Inrestors' Supple, 
mem"  of  this  date.  Tbe  0.  H.  Attorney  General  haa  written  an 
elaborate  opinion,  in  which  he  holds,  "with  no  doubt  whatever," 


418 


THE   CHRONICLE. 


[October  30,  1875. 


that  the  faith  of  the  United  States  is  pledged  to  provide  for  the 
paymeut  of  icteMst  and  principal  of  tlie  3.05  District  bonds.  If 
tiie  bonds  have  l>een  sold  to  bona  fide  holders  on  the  faith  of  the 
U.  S.  Government,  undur  the  provisions  of  a  law  which  even 
appeared  to  warrant  the  imposition  of  such  a  responsibility,  the 
fairest  way  now  is  for  the  government  to  assume  the  liability 
squarely.  The  great  fault  is  in  paesinjj  laws  which  admit  of  a 
doubtful  construction,  and  whic'i  by  a  system  of  juggling  can 
first  be  made  to  mean  one  thing  and  then  another,  according  to 
the  latest  wishes  and  purposes  of  parties  financially  interested. 
The  Credit  Mobilier  and  Pacific  Mail  transactions  are  jet  fresh  in 
the  public  mind,  as  well  as  the  dishonored  guaranties  of  millions 
of  railroad  bonds  by  Southern  States,  and  the  practice  ot  dona 
tions  or  endorsements  by  governments  for  outside  enterprises,  is 
now  somewhat  in  disfavor  with  that  portion  of  the  people  who 
have  not  been  pecuniarily  interestejl  in  them. 

European  &  North  American.— B.  E.  Smith,  of  Columbus, 
O.,  the  only  surviving  trustee  named  in  the  mortgage  deed  of  the 
Consolidated  European  &  Norih  American  Kailway,  took  posses- 
sion ot  the  road  on  Wednesday  last. 

Lake  Shore  &  Michigan  Sonthcrn.— The  total  funded  debt 
of  this  company  is  precisely  the  same,  in  amount,  as  appeared  in 
the  annual  report  to  the  end  of  1874.  There  have  been,  how- 
ever, some  changes  in  the  detail,  growing  out  of  the  exchange  of 
one  kind  of  bond  for  another,  under  the  provisions  made  therefor 
— and  there  has  been  $300,000  in  second  mortj^age  bonds 
exchanged  for  the  same  amount  of  first  mortgage — making  the 
former  issue  so  much  larger  than  appears  in  last  annual  report, 
and  the  latter  issue  the  same  amount  smaller.  In  consequence 
of  this  change  having  been  made,  the  impression  had  gained 
ground  in  some  quarters  that  there  had  been  a  net  increase  in  the 
debt. 

Little  Rocli  &  Fort  Smith  Railroad.— This  road  was  fore- 
closed and  sold  Dec.  10, 1874,  for  $100,000  (road  |.J0,000  and  land 
$.■511,000.)  Anew  corporation  (the  L'ttle  Rock  &  Fort  Smith  iiaii- 
tray)  was  formed,  with  $5,000,000  capital,  into  which  the  $8,500,000 
of  bonds  were  to  bo  converted  at  the  rate  of  55  per  cent.  $8,000,000 
have  already  been  put  in  and  an  assessment  of  5  per  cent,  paid 
in  cash,  for  which  new  bonds  were  given  at  7  per  cent.  This 
$400,000  has  been  spent  in  building  23  miles  of  road,  making  123 
in  all.  There  is  yet  40  miles  to  be  built  to  complete  the  road  to 
Fort  Smith,  and  this  must  be  done  by  July  1,  1876,  to  securetho 
200,000  acres  balance  of  land  grant,  the  company  already  having 
title  to  800,000  acres.  There  has  been  authorized  an  issue  of 
$3,000,000  7  per  cent,  bonds  due  in  1895,of  which  about  $3,425,000 
are  on  liand  to  complete  the  road,  and  of  these  bonds,  which  are 
secured  by  the  only  mortgage  on  road  and  lands,  the  comp  my 
lately  oflered  $1..500,000  for  sale  at  auction  in  Boston,  fixing  50  as 
tbo  minimum  bid  to  be  received,  at  which  they  were  all  taken. 

Manhattan  Kailway  (Rapid  Transit).— Pursuant  to  a  notice 
given  by  the  Commissiouers  of  liapid  Transit,  and  in  accordance 
with  chapter  006,  laws  of  1875,  a  book  of  subscription  to  the  capi- 
tal stock  of  the  company  to  be  incorporated  and  known  as  the 
'•  Manhattan  Hallway  Company"  was  opened  Friday  morning  in 
the  Corn  Exchange  Bank,  No.  13  William  street.  The  amount  of 
capital  stock  ia  fixed  at  $3,0C0,000,  divided  in  twenty  thousand 
shares  of  $100  each. 

In  a  short  time  all  the  stock  was  subscribed  for,  and,  as  required 
by  the  statute,  five  per  cent  of  the  whole  amount,  or  $100,000,  was 
subscribed  in  cash.  This  sum  was  deposited  in  the  Corn  Exchange 
Bank,  to  the  credit  of  C.  J.  Canda,  as  treasurer  of  the  commission. 

The  list  of  subscribers  includes  twenty-six  names,  among  which 
are  those  of  David  Dows,  John  F.  Tracy,  Wm.  S.  Scott,  Jose  F. 
Navarro,  Francis  H.  Tows,  Milton  Courtwrigbt,  Alexander  E.  Orr 
and  Mr.  Sotolongo. 

New  York  Providence  &  Boston.— The  receipts  for  the  year 
ending  Aug.  31,  1875,  were  $968,170;  expenditures,  $559,629  ;  net 
earnings,  $408,541. 

Pacific  Railroad  of  Missouri. — The  Missouri  Pacific  Railroad 
stockholders  met  in  the  rooms  of  the  Atlantic  &  Pacific  Railroad 
Company,  to  hoar  a  report  from  the  conference  committee 
appointed  at  a  previous  meeting,  upon  the  subject  of  the  present 
financial  difficulty  of  the  company.  The  report  was  read,  in 
•  which  the  accounts  of  the  company  since  its  leate  to  the  Atlantic 
&  Pacific  Company  were  stated  as  follows  : 


For  six  mos,  ending  Dec.  81,  1872. 

For  year  endin;?  Dec.  .31,  1873 

For  year  ending  Dec.  31,  1871 

For  "anus,  ending  Sept.  3  J,  1375.. 


Groes 
E.trninss. 
$1,9S8,4-J0  32 
.3,707,911  m 
8,713.45J  83 
2,104,321)  4« 


Operating 
Expenses. 
t!,3J17,5i5  51 
i,305,225  93 
3.561,561  97 
1,450,650  77 


Net 

Earnings. 

$590,895  38 

1,40  !,7I.')  7li 

1,451,888  96 

65.3,775  65 


T(.tal  $11,454,14196     $7,354,866  21      $4,099,275  75 

•  The  following  are  the  disbursements  for  interest  on  the  funded 
debt,  rentals  and  dividends; 

Tor  six  mouths  ending  Dec.  31, 137J $891,801  98 

For  year  ending  Dec.  31,  1873 1,402,188  01 

For  year  ending  Dec.  31, 1874 1,41  ",1.39  92 

For  nine  montlie  ending  Sept.  30, 1875 1,062,854  94 


one,  and  one  that  would  in  time  give  to  all  interested  an  adequate 
return,  and  when  they  declared  the  last  dividend  they  felt  tbat 
with  the  good  credit  they  then  enjoyed,  they  would  be  able  to 
carry  over  the  company  until  another  year,  when,  with  an  abund- 
ant harvest  at  the  West  and  returning  prosperity,  they  would  be 
able  to  make  up  for  the  falling  off  in  earnings,  for  the  past  year, 
and  thereby  carry  out  the  terms  of  llieir  lease,  and  meet  all  obli- 
gations. The  depreciation  of  their  shares  at  the  Exchange  has 
utterly  destroyed  their  credit,  and  with  their  large  floating  debt, 
the  directors  have  been  compelled  to  use  all  their  net  resources 
for  maturing  bond  interest  and  rentals.  In  conclusion  the  com- 
mittee suggest  that,  if  tlie  stockholders  would  come  forward  and 
take  the  $1,854,000  third  mortgage  bonds  at  75  per  cent,  then  the 
floating  debt  c  )uld  bo  retired,  and  by  the  stockholders  foregoing 
their  rental  for  a  few  years,  they  have  no  doubt  that,  with  proper 
management,  the  future  growth  of  business  on  the  road  will  in 
time  make  their  stock  of  value;  otherwise  the  third  mortgage 
bondholders  (the  most  of  whom  are  floating  debt  creditors)  may 
ask  for  their  rights,  and  in  that  case  take  the  property. 

M'.  Pierce,  President  of  the  Atlantic  &  Pacific,  submitted  a  sup- 
plementary report  to  the  effect  that  when  the  Atlantic  &  Pacific 
Company  took  the  Missouri  Pacific  Road  it  was  net  safe  to  run 
over,  but  that  a  large  amount  of  money  had  been  spent  upon  it, 
so  tliat  it  is  now  one  of  the  best  built  and  equipped  roads  in  the 
West. 

After  considerable  discussion,  Mr.  Denny  ofTered  a  resolution 
that  a  conference  of  the  bondholders,  stockholders,  creditors,  and 
all  others  interested  in  the  road  be  called  for  the  purpose  of 
devising  some  amicable  plan  of  reorganization,  to  be  presentsd  at 
a  future  meeting,  which  was  carried,  and  the  meeting  adjourned. 
In  accordance  with  the  suggestions  of  the  committee,  the 
President  of  the  Atlantic  &  Pacific  is  ofToring,  in  an  advertisement, 
to  the  Stockholders  of  the  Missouri  Pacific  Railroad  $1,854,000 
third  mortgage  bonds  of  said  Paci3c  Railroad  at  75  per  cent. 
Stockholders  to  have  the  preference  to  purchase  said  Bonds  at 
that  rate  until  and  including  Nov.  10,  1875.  The  proceeds  of  said 
sales  to  be  used  only  iu  liquidating  the  floating  debt  of  said 
Pacific  Railroad. 

Richmond  &  Atlanta  Air  Line. —  At  the  recent  session  of  the 
United  States  Court  at  Atlanta,  Gh.,  Mr.  J.  H.  Fisher,  of  Brooklyn, 
N.  Y.,  and  one  of  the  largest  bondholders  of  the  road,  was  appoint- 
ed receiver,  vice  Col.  L.  P.  Grant,  of  Atlanta. 

St.  Joscpll  &  Deurer  City. — In  the  agreements  for  purchasing 
and  reorganization  of  the  Western  Division,  heretofore  made  by 
bondholders  and  dated  July  1,  1374,  and  Sept.  1,  1375,  a  modifica- 
tion is  proposed  to  avoid  cash  assessments,  which  is  in  the  terms 
following : 

"  Tliat  instead  of  a  piv  rata  cash  assessment  npon  the  subscribing  bondliold- 
crs  for  the  amount  of  said  necessary  expenses  of  foreclosure  sale  and  re-organ- 
ization, together  with  the  ta.\e8  accrued,  trustees'  fees,  expenses  of  purchasing 
committee,  and  any  other  sum  or  amount  provided  for  by  the  decree  of  sale, 
to  l)e  paid  in  cash,  such  sum  shall  be  made  a  preferred  claim  upon  tlie  jiroperty 
of  the  rc-orgariizod  company,  if  tlic  same  be  purchased  and  re-organized  under 
the  terms  of  the  foregoing  agreements,  and  this  mudilication  of  the  same,  and 
the  Slid  purchasing  committee  is  liereby  authorized  to  cause  the  new  first 
mortgage  or  deed  of  Irus'  to  provide  for  the  securing  the  preference  of  so  many 
of  the  Ijonds,  commencing  with  No.  1,  to  be  issued  thereunder,  as  will  repre- 
sent the  aforesaid  amount  at  not  I'-ss  than  ninety  per  cent  of  the  par  value  of 
the  said  preferred  bonds,  and  to  issue  the  same  to  provide  the  money  for  the 
said  purposes,  the  promiit  payment  of  said  preference  bonds  to  bo  secured,  it 
deemed  necessary,  by  a  sinliing  fund." 

The  above  modification  was  suggested  by  Mr.  C.  W.  Hassler. 
who  represents  a  considerable  number  of  bondholders. 

St.  Louis  &  Southeastern. — The  agents  of  the  European  bond- 
holders, Wertheim  &  Gompertz  and  J.  W.  Oewel,  of  Amsterdam, 
in  an  address  to  the  bondholders,  express  dissatisfaction  with  the 
company's  proposals,  and  think  them  unacceptable  tor  holders  of 
bonds  secured  on  the  Illinois  and  Indiana  lines.     They  say  : 

"  The  company  offers  as  a  maximum  for  a  period  of  6}  years  to 
pay  in  cash  $237  50  per  $1,000,  equal  to  half  of  the  accruing  in- 
terest, from  May  I,  1874,  to  November  1,  1880,  in  case  it  shall  be 
in  position  to  earn  this  amount ;  b-it  should  this  not  be  the  case, 
however,  then  the  bondholders  must  wait  longer.  This  proposi- 
tion of  itself  is  already  very  disadvantageous  to  the  holders  of 
first  mortgage  bonds  of  the  Illinois  and  Indiana  divisions,  because 
already,  in  very  bad  times,  enough  is  earned  to  meet  the  above 
payments,  and  it  is  further  wholly  unacceptable,  because  it  is 
coupled  with  the  requirement  that  the  bondholders  shall  convert 
the  unpaid  half  of  their  coupons  for  OJ  years,  or  $237  50  per 
$1,000  bond,  into  a  kind  of  debenture  of  very  doubtful  value, 
even  in  the  distant  futuie.  This  is  a  treatment  of  the  rights  and 
demands  of  the  first  mortgage  bondholders  which  cannot  be  suf- 
fered ;  the  chances  of  a  better  future  belong  first  to  them." 

To  show  that  the  propositions  were  too  favorable  to  the  Ken- 
tucky and  Tennessee  sections,  they  submit  the  receiver's  report  of 
receipts  and  expenses  for  the  eight  months  ending  with  June 
last,  as  follows: 

Gross  Working 

receipts.        expenses. 

St.  Louis  Division $413,111  03     $314,826  31 

Kentucky  Division 18',919  89       187,85186 

Tennessee  Division 83,321  74         90,670  40 


Net 
earnings.      Deficit. 
$98,8S«  69     $6,840  56 
65  03 


Total  disbursements  In  transportation  department  ($1,050,000 

being  in  dividends  to  stockholders) $4,578,987  88 

Total  net  receipts  in  transportation  department 4,099,275  75 

Deficiency $474,712  13 

n  view  of  the  many  rumors  prejudicial  to  the  actions  and 
intentions  of  the  officers  and  directors  of  the  company  which  have 
been  current  of  late,  the  committee  deem  it  just  to  state  that  they 
find  the  directors  have  subscribed  and  paid  for  some  $3,000,000  of 
the  various  securities  of  the  company  within  the  last  two  years, 
believing,  as  they  did  and  now  do,  (hftt  the  enterprise  was  a  good 


They  propose  to  go  on  to  foreclosure,  unless  better  terms  are 
offered.  - 

Vermont  Central.— The  $700,000  equipment  bonds  issued  by 
the  trustees  in  1865  become  due  Nov.  1.  The  Chancery  Court 
some  time  ago  made  an  order  authorizing  the  exchange  of  these 
bonds  at  par  for  those  of  the  $3,500,000  income  and  extension 
bonds  of  1873,  a  sufficient  amount  of  the  latter  being  reserved  to 
make  the  exchange.  Notice  is  now  given  by  the  Treasurer  of  the 
Central  Vermont  Company  that  the  bonds  can  be  exchanged  at  the 
Boston  Safe  Deposit  &  Trust  Company's  office  in  Boston,  where 
the  npw  bonds  have  been  deposited. 


October  30,  1876.J 


THE   CHRONICLR 


419 


^l)c  Commercial  $tmes. 
commercTal  epitome. 

}<BIDAT  NiOHT.  Oct.  29,  1875. 
The  nurkeU  for  meTelutndise  hjiTe  beea  moderately  aetire  the 
put  week.  The  weather  liaa  been  very  fine — mild  and  dear — 
bat  there  are  many  drawbacks  to  baslnen  ;  the  coming  eieetion 
haa  excited  nnoaoal  interest  amoo^  the  mercantile  commaoity, 
and  diverted  a  share  of  their  attention  ;  and  there  have  be<rn  a 
lar^e  number  of  failures  amon^  oar  local  tradesmen,  which  have 
caused  credits  to  be  scrutinized  with  more  than  ordinary  care. 
The  speculative  •'comers"  in  Cotton,  Pork  and  Lard,  hare  been 
mainUined  with  mnch  Tigor  in  spitu  of  many  oppoainjt  influences, 
and  prieefl  of  these  staples  for  October  delivery  have  been  forced 
np  to  abnormal  Bgares. 

Pork  remained  withont  much  activity  or  decided  change  In 
prlc«s,  until  yesterday,  when  the  pressure  apon  parties  who  wrre 
"  short  "  on  the  October  contracts  wss  renewed,  and  mess  sold 
largely  at  $33  SO,  spot  and  October ;  |20  50.  seller  the  rear ; 
and  |20  for  January  ,  and  after  Change,  $22  75  bid  and  fi-i 
asked  for  October.  Beef  has  met  with  a  steady  trade, 
and  the  opening  price*  for  the  new  packins  have  been  well  main- 
tained. Bacon  baa  deellntd  to  i3K'13{c.  for  loog  dear.  Cut 
meats  have  shown  a  downward  tendency,  with  a  considerable 
business  in  pickled  rib  bellies  In  bulk  at  13f<il3c.  f»r  heavy  and 
medium  weights.  Lard  has  been  in  better  «upply  and  lower, 
with  sales  latterly  of  prime  on  the  spot,  at  13{(^13^  (or  city, 
and  13i(313{e.  for  Wrotern  ;  and  early  in  the  week  some  depres- 
sion was  shown  in  rootracts  for  October,  with  sale*  at  l-l  3  lOc 
after  having  (old  at  14  7  ISc.,  but  the  pressure  waa  renewed,  with 
sales  yesterday  at  19«il&ie.  Tallow  has  dcellaed  to  ft^c  Butter 
has  been  dull  and  depresatd,  and  cheese  has  lost  »  pertioo  or  the 
rreent  advance.  To-day,  Pork  advanced  to  9^  '*>'  Mess  on  the 
spot  SDd  for  October,  bat  sold  at  $30  SO  for  all  year.  Lard  was 
fereed  np  by  ihe  "corner"  to  10e.  for  October, bat  quoted  at  i:!|c 
for  November  and  l^e.  for  Dcesaber.  Othsr  provisions  were 
dull  ard  unsettled. 
Oofte  kaa  bean  doll,  and  Rio  dossd  lowsr:  fair  to  prime  car- 
1»4^M|«..  gold,  with  ths  Tistbls  Mmply  for  the  I'nited 
I  iBOWSsd  to  anXMW  bsgs.  MIM  gisdes  are  in  large  stock 
dsll.  Rie*  bas  farther  dcellDed  andcr  frvs  reeeipta  of 
MolissfS  has  been  in  i«lher  better  rraoest  at  firm 
priers.  Tlis  saspsasion  of  the  order  redadag  tb*  drawback  on 
refined  jogars  bas  been  followed  by  a  large  bosioass  in  raws  and 
isflnsd.  at  ilsadler  prleta ;  ialr  to  good  reflnisg  Cabs  7|«i^,  snd 
Bisadsrd  cnahsd  rsflaed  I  Ic  Tbs  awTsmsBt  of  tlis  week  has 
I  ss  follows: 

BosM.        Bms.       UtUio. 

I.OSl 

lO.CIt 

K 


rrija* 


KMsMsassiws* ;m        ajw        tj 

8slaspM(iMisk lUM 

tHsS  Oct.  a,  wn aUB 

Mask  0(t.  m  MM 1MH 

Eeatoeky  tobsceo  hss  besm  Mors  selivs  at  steady  prirvs  at 
T09|«L  for  logs  aod  lUtgiOe.  for  leaf ;  the  aales  fur  ihx  wp^k 
SMfcrsosd  IfiBO  bkdsi.  of  which  BOO  w*r«  for  etporl  aod  250  wrre 
tat  soMmMMlo*.  Bssd  Isst  has  bs««  qaist  sad  priess  ars  without 
nhsagi ;  Milsa  saihrsos :  Crop  1979,  M  essis  Psaasrlvaola,  at 
7)«.:  erop  o<  tan  aad  ISIS,  IS  eases  CoaoMtiTot,  at  TitlSc  ;  rrop 
of  1819, 180  easp*  Wtscoasla.  at  Sf<<ll4e.;  erop  o(  IflTS  aad  1971, 
1  lit  fasis  TMil -  *nd  erop  of  ISr74,  WO  esses  Conoeciirut 

sad  Mssssrhii-  9e.;  also  300  eaaan  suadrj  kindt  at  7.# 

Cts.  Spaalsb  mutrcn  n«s  \>tr%  la  awdMSta  dsMsad  aod  firm, 
with  «]*•  of  000  boh*  UavaMt  at  8e09t  OB. 

Th*  basiaaso  la  •  esaa  freichu  has  aot  bsoa  as  large  as  daring 


prsvlons,  aad  rale*  bar*  latterly  shown  weako'iM  aud 
dscllae,  both  lor  berth  aad  charter  room.  Towarl  tbe 
e,  however,  there  wete  dgos  of  iaiprovsiiiaat.  Lais  engage- 
sta  snd  charters  lodod* :  To  Livsrpool,  by  staaa.  grain  at 
Bf#Od.;  cheese,  at  40b.  per  ton;  baooo,  35*.;  cotton,  at  7  I'Vl. 
drain  to  London,  by  steam,  8id.;  da  to  Cork,  for  orders,  'm.  U  I  ' 
OS.  Id.;  do.  to  ti'afgow,  Ss.  Bd.;  reused  pstrotsam  hsace  to(irD»a. 
4a.Sd.psrbbl.aad£Se.lorcasss;  eassoU  lo  Palsraioor  I'stsDia, 
Me.  gold.  To-day.  tbs  toaa  for  berth  rmm  wasatesdlor,  alibnu«;b 
little  was  done.  Com  to  Liverpool,  hy  ataaai.  84d.;  cotton, 7 -ISJ.; 
grain  to  Bristol,  by  steam.  M. ;  do.  to  Cork  for  ordsrs,  Os.  3d.:  do. 
toQlasgow,  .V  9d.,  aod  flour  at  3«.  7td;  refined  pstroleuiu  to 
Trieste,  3s.  1^;  do.  loOibrslter  for  orders,  4s.  H4  ■  do  to  I,id- 
doa,  4s.  7{<i.:  ernds  do.  to  Havre  or  Bordesaz,  4s.  M  ;  grain  to 
Vlana,  7«.  per  qr. 

iJassod  oil  has  roled  firmer  aod  ia  lair  i'tbli'iDir  dstaaad  at  57(3 
OOs.    Crad*  sperm  and  wbale  have  be.  •  y,ft   ancbaD^red. 

Codlsh  IfMsr  aad  fairly  active  at  $9  .  orgas  aod  (.V^ 

9-)  90  for  Qraad  Bank.  Itox  herring  active,  with  solas  of  15,0UO 
botes  at  95c.  for  scsImI  and  30e.  for  No.  I.  Hides  bavs  been  in 
Bwdsiat*  dswaad,  aod  criers  have  shown  wsakaeas;  drv  Monte- 
trldso  sold  St  91ic..  gold,  aod  dty  slaoghlar  os,  !>}&,  currency. 
WbMtay  elossd  at  $1  17'<rtl  171-  Domeatle  grass  vseds  col  tin  ue 
oasr^ttled  and  nominal. 

Tbe  naval  stores  tnarksl  bas  been  fairly  aeti**  dariag  the  post 
week,  aad  vaiass  have  besa  firmly  maiotaiaed,  cloaing  at  ( 1  9o<<' 
$1  mi  foreaaaoa  to  good  strained  roslo,  aod  spirits  tar|»'ntioe 
at  42)0.  In  pstralsam  little  or  sotblng  bas  besa  doae,  and  quota- 
tloon  bavs  gradually  assnmed  a  lower  basl^  sloslag  at  l^dtl^c 
tor  refined,  In  bbls.,  and  0|<i$0{e.  for  emda,  ia  Imlk.  lagot  copper 
Is  firmer,  with  sales  of  8OOU0O  lbs.  Lake  at  83i@n|e.,  cash. 
Layer  raisins  sell  well  at  $3  SO  per  box ;  curraata  at  7e.,  and 
Turkish  prunes  at  8c. 


itUUblmcf"  ImporMiauof  Dry  Oowb,"  "ImporU  of  Leading  ArOoUi," 
••  Btaiplt  vf  DomatUs  Prrxiuot,"  and  "  Kxportt  qf  Ltaiing  Anieta  from  Xtm 
Tort,    WW  ie/ouHd  on  a  ttidtipuiit  page. ) 

COTTON. 

Friday,  P.  M.,  Oct.  29,  1875. 
Thb  Movemknt  op  tite  Crop,  as  indicated  by  our  telegrams 
from  the  South  to-night,  is  griven  below.  For  tlio  weok  ending 
this  evening  (October  29)  tiie  total  receipts  have  reached  170,04.'} 
bales,  against  147.:i45  l>ales  last  week,  137,439  bates  the  previous 
week,  and  103,402  bales  three  weeks  since,  making  the  total 
receipts  since  the  1st  of  September,  1S75,  740,.M)0  bales,  against 
651,833  bales  for  the  same  period  of  1874,  showing  an  increase 
sines  Sept.  1,  1875,  of  8U.347  bales.  The  detail:i  of  the  receipts 
for  thia  week  (as  per  telegraph)  and  for  the  corresponding  weeks 
of  ire  previous  years  are  as  follows: 


Bsedpu  this  week  at— 

U». 

IK  4. 

i8;a. 

U'71    1    1811.    1     1S70. 

a8,ii» 

H,«TO 

M.in 

Ml 

».0M 
].1N 
T.4M 

1.S78 

8«.SW 
ItSit 
M,(M 

a« 

at.4a 

11330 

990 

4,4U 

Mtl 
H.M8 

sn 

24.0631     3S.442'     «6,lis|     30,tii6 

Mobile 

7,t«!      H.WS       13.56»       14,107 

ntallastnn 

1              '                 1 

>  17.997,      14,053      Il,eS3 

ta.s».    n.sis:    imu 

11,11. 

16,799 

QalTf  ton       4..... 

7,781 
67i 

MOO 
4U 

l.tti 
lS.*iO 

f  ii.ot 
tan 

BU 

1.49S 

lt,(*> 

»,844 

T.OIO 
4G6 

ni 

10,4*4 

ladlaaoU.  *c ... 

f^ssssssi,  Ac......... 

Flotids 

lIsMhOuoUna. 

Morfblk 

«,9«1 

»,aa9 

IM 
S.MS 

1 

City  I*otBt.*c 

1,I<S 

1.391 

^n  f   »•»" 

'    1     •    1     "• 

tWal  ihlswesk 

IIQ.SU 

130.0R|    '.Oe,«ll!    ltO,4S}j     «.1W 

10t,40t 

Total  alar*  Sept.!.... 

TM.au 

Vix.m   47i.8:s   Ms.«s>l  4sa.iii 

4t8.IK 

Tho  exports  for  the  week  ending  this  evening  reach  a  total  of 
97,831  bales,  of  which  50,713  were  to  Great  BriUin,  l3,03d  to 
Fraaev,  and  3:),403  to  rest  of  the  Continent,  while  the  stocks  as 
ap  this  evening  are  now  405,937  lialcs.  Melow  are  the 
and  exports  for  the  week,  and  also  for  the  correspoudiug 


wash  of  last  season: 

Wsskssdt^ 
OcLM. 

Ixportsd  to 

Toul 
this 

wedi. 

Saas 
weak 

1874. 

Slock. 

arllala.I'~**,  a.nt. 

UTS. 

i«:4. 

XswOitasas 

■sfBsaak 

Kswreik. "..!".' 
OMarpetta*-  ... 

M.ao 

».tM 
1.KT 
i^MI 

■• 
MR 
T.«» 

io,ni 

IIU 

i.lM 
Mil 

lUM 
MM 

a.in 

B,tM 

11.1:4 
toil 

M14H 
MM 

t7.tl6 
4,*N 
MM 

hum 

Illilli 

•7.6(4 
M.MR 
U,»l 

Mjn 
4o,m 
n,Mi 

M.00( 

TmsI  tMswsek. 

u.m 

U.4M 

n.ni 

7(.tlt  4IB.H7 

>».«• 

TsWslBe«a>ptl 

iw.ast    tl.7K  .  SltTt 

tTO.HI 

U4.aAt 

.... 

troai  BalUaiora 
lo  Mrerpool : 
Ltrerpool. 


•  TW  Mpont  iku  wsak  ■aSsr  the  ksas  ot  "oikw  •arts''  iselsda  tn 
IJMMIot  mm*  IC  bM*  »f»  UMaS  tOUTSryool:  rrom  1I<MI«S  7«  balM  I 
aastnriiMMsaia  as k*l«  la  Utws»«I ;  from  Xorfulk  4,M0  Imim  to 

Hy  Oar  tslsgram   from    Nsw  Orleans  to-night  shows  that 

btBoss  ths  above  export*  tbe  amount  of  cotton  on  shipboard,  and 

Mgagiil  for  shlpoaal  at  that  port,  is  aa  lollows :    For  Liverpool, 

VfflSo  bales;  for  Havrs,  20,000  bales:  for  Continent,  13,000  bales;  for 

esaatwias  porta,  3,000  bslas;  total,  5IXXM>  bales;  which,  if  deducted 

froM    tbe    stock,   wonld    leave  SIJMO   bales    representing   tbe 

qoaatity  at  tbe  Uadiag  aad  in  press  as  unsold  or  awaiting  orders,  J 

From  the   foregoing  statement  It   will    Iw  seen  that,  compared 

with  the  comspooding  week  of  last  season,  there  U  an  inereoM 

In  tho  nporta  this  wsek  of  31,018  bales,  while  the  stocks  to-night 

'I  balas  MOTS  than  tlisy  were  at  this  lime    a  year  ago. 

viag  Is  our  usual  table  showing  tin;  movement  of  cotton 

^  porta  from  Sept.  1  to  Oct.  23,  the  lateat  m^l  dales: 


iv,^ 

Coast' 

WiM 

Port*. 

siaoa  ssrr.  1. 

ir3.  1  tn«. 

-f«mr 

Orsat 
Britain 

riaae* 

OUer 
focsTa 

Total. 

Stock. 

R.OiUaB«. 

ltl.»47 

w.m 

M.M7 

KSM  11,137 

49,«9« 

ll,<70 

100,498 

MsMte.... 

4».IM| 

M.1M 

•.M* 

.... 

•,1M 

17,1(9 

18,187 

Ck«1est'n« 

•.Mi 

n,M( 

■.(•7 

».«»| 

5,7M 

IMIS 

n.7«n 

48,478 

•svaaaah. 

l«>.HI 

IM,194 

».l»l 

•.OM 

IMM 

U,0« 

86.194 

84,8H 

Oalisatoa*. 

ll.»U 

fttJM 

Mil 

•  •■* 

tlOl 

«.7«l 

K.IM 

49,011 

XewTork  . 

*.m 

tl,S90 

4M» 

Ml 

ll,5« 

H,MB 

44,688 

risrlda... 

I.IN 

1.9IB 

•  >• 

•  >.. 

.,.. 

l,»6 

.... 

N.  Osrolliu 

ia,»t4 

ii.eot 

.... 

.... 

..«. 

.... 

ii,»7r 

4,481 

Harfolk*.. 

T7.1I7 

«a.8»7 

... 

>*>> 

M,0.« 

i4,ni8 

Oiksvpsrt* 

4.«t 

4.001 



il,»t 

10^,8U 

iai«4« 

Mi« 

14,808 

119.09) 

14,000 

Ts«.tktsxr- 

aM.Me 

n.\m 

48,7M 

171.78I 

884,781 

Ty>l.hM()rr. 



UII.I79 

MB7 

l«.4»l 

iS7.m 

9M.a»i 

»r>,}17 

•  aaSsrlk.  tM* .r  Ms Inlin  l» laeloiled  Port  Roral,  Ac;  andar  it*  [\r%A  <f 
9Afm»m  H  IsirlsilS*  Isflnr".  *•'  i  ouSot  Ik.  hw<t  of  Mor/itlt  U  iDclndcd  01  j 

Tbeee  mall  retoma  do  not  correspond  precise!  v  with  the  total  of 
ths  telegraphic  flgaras,  bscaoss  In  prsparing  them  it  is  always 
assssssry  to  Incorportits  every  oorrselion  made  at  Ihs  porta. 


420 


THE  CHRONICJLE. 


[October  SO,  1875. 


There  has  been  for  tbo  past  week  a  quiet  but  unsettled  and 
variable  market  for  cotton  on  the  spot.  The  leading  intlnonce 
was  the  "corner"  for  October,  wliicU  has  caused  the  stock  ou 
hand  to  be  lield,  generally,  uuicli  above  the  views  of  buyers. 
Exporters  have  been  able  to  do  very  little,  and  spinners  have 
purchased  only  to  supply  pressing  needs.  There  has  been  a 
speculative  demand  to  deliver  on  maturing  contracts,  and  this 
business  has  constituted  an  unusual  proportion  of  the  transac 
ions  reported.  To-day,  the  same  conditions  continued  ;  there 
was  very  little  doing  and  prices  remained  nominally  unchanged. 
For  future  delivery  some  excitement  lias  been  exhibited,  though 
not  so  much  as  last  week.  Tlie  large  receipts  at  the  ports  and 
inland  towns  and  the  rapidly  accumulating  stocks  at  all  points, 
have  had  a  weakening  effect  on  the  October  "  corner,"  and  have 
apparently  caused  that  which  was  projected  for  November  to  be 
abandoned.  But  an  intluence  which  has  served  to  prevent  ary 
material  decline  has  been  the  feeling  that  the  demand  is  equal  to 
the  prospective  supply  even  if  maximum  estimates  of  the  crop  shall 
be  realized.  The  argument  on  the  street  is  that  goods  are  selling 
in  quantities  that  afford  assurance  that  a  large  crop  can  be  mar- 
keted without  submitting  to  any  reduction  to  prices  current  for 
the  winter  months.  The  highest  figures  of  the  week  were  paid 
early  yesterday;  viz.,  14  31-32c.  for  October,  but  it  sold  before  the 
close  at  14  15-32c.,  followed  by  some  recovery.  The  weather  has 
been  generally  favorable  for  picking,  and  next  week,  when  the 
elections  will  be  over,  a  better  supply  of  labor  may  be  expected. 
To-day,  the  excitement  over  October  contracts  was  considerable, 
and  the  price  advanced  to  14Jc. ,  but  the  "short  interest"  proved 
rather  less  than  was  anticipated,  many  contracts  having  been 
settled,  and  there  was  an  early  reaction,  and  the  close  was  at 
14  9-16c.  The  other  months  opened  firmer,  but  fell  off  at  the 
.  close.  After  'Change  there  were  sales  at  14  9-16c.  for  October, 
13  9-32c.  for  November,  13  l-16c.  for  December,  13Jc.  for 
January,  and  13  15-32c.  for  March.      The  total   sales  for   forward 

delivery  for  the  week  are  175,800  bales,   including  free 

on  board.  For  Immediate  delivery  the  total  sales  foot  up 
this  week  5,583  bales,  including  405  for  export,  3,199  for  con- 
sumption, 1,918  for  speculation  and in  transit.     Of  the  above, 

283  bales  were  to  arrive.  The  following  are  the  closing  quo- 
tations : 


New  Claaslflcatlon. 

Ordinary p«rlb. 

Strict  Ordinary 

Good  Ordinary 

Strict  Good  Ordinary 

LowMlddllnu 

Strict  Low  Middling 

Uiddline 

Bood  Mrddllne 

Strict  Good  Middling 

Middling  Fair 

Fair 


Uplandg. 

Alabama. 

New 
Orleani. 

12«       »...■ 

13!^     a.... 

lax     a... 

viH     a.... 

12X       ®.... 

lix     ®.... 

3M       ®... 

13J,        ®,... 

a%     @ ... 

13:^     ®.... 

13X        »... 

14        a... 

u  1-16  a.... 

i:  S-16  a.... 

14  7-18  ®.... 

UK     a.... 

ilH      ®.... 

ux     a.... 

\i%     ®... 

14H     a.... 

iix     ®.... 

14^     a... 

i<^     a.... 

15       a.... 

NX     a.... 

5      a.... 

15X     a.... 

15X     a.... 

ir>«     a.... 

15J4     a.... 

16X     ®.... 

6x     a.... 

i6X     a.... 

Good  Ordinary 

Strict  Good  Ordinary  . 


8TA1XED. 

12H  I  Low  Middling.. 
,  ISHJ  Middling 


Tezaa 

a... 

ta.,. 

l"®... 


13  9-18 
.  13X 


Below  we  srive  the  sales  of  spot  and  transit  cotton  and  price  of 
Uplands  at  this  market  each  day  of  the  past  week  : 


Now 
ClasslOcatlon. 

Bxp't. 
300 

'ioi 

"65 

Saturday 

Uonday 

rucaday 

Wedneadaj.... 

mnrsday 

prlday  

Total 

469 

Con.  Spec-  Tran. 

"^  ■         Bit. 


6:3 
621 
^U 
2,11 


is; 

193 

4  a 

389 
iU 
26a 


1,918 


9W 
1,145 
l.UiS 

6.:5 


5.582 


Good       Low      Mld- 
Ord'ry  Ord'ry.  Mldrg.  dlln?. 


12  1-18 

Via 

12X 

ua 


IS  s-16 
13X 

ia% 

13X 
13X 


isx 

13  15-16 

14  1-16 
14  1-16 
14  1-16 
14  1-16 


11  a-l! 
14  X 
U% 
UH 

H% 

ay. 


For  forward  delivery  the  sales  (including  free  on  board, 

have  reached  during  the  week  175.800  bales  (all  middling  or  on 
the  basis  of  middling),  and  the  following  is  a  statement  of  the 
sales  and  prices 


For  October, 
bales.  eta. 

1,000 14  3-32 

lua 14>« 

1,100 14  1S2 

aoo MM 

600.; 14  9-Si 

200 14  5-16 

100 .14  ll-fi 

W.0 14H 

«00 14  IS-S^ 

1,300 14  116 

100 14  15-32 

900 14S 

1,600 14  1732 

1310 14  9-16 

4,i00 U% 

2,300 14  iltU 

730 14  U-16 

1,500 14  2J-32 

1,400 14;^ 

20,200  total  Oct. 

For  November. 

too 13  7-82 

8.SHJ0. 13J< 

11,900 13  9-82 

3,700 IS  5-16 

400 13  11-52 

8.600 13X 

9,«00 13  iS-32 

t.iUO 13  7-16 

leo 13  15-32 

m 18  17-82 


bales. 

2U0,, 
700., 


CtB. 
.13  9-16 
...MH 


44,300  total  Nor. 

For  December. 

200 13  1-.12 

1.800 M  1-16 

3,000 13  S-32 

«,1U0 ISii 

1.400 13  SXi 

1,300 13  3-16 

soil 13  7-3i 

3,300 I9i4 

1,500 IS  5-16 

500 13  11-32 

2.200 13  13-82 

21,800  total  Deo. 
For  January. 


:  5-32 


S.200. 

6.aoo 1 

5,800 -.3  3-16 

1,60 13  7-32 

1,'iUO W), 

5.400 13  9-3J 

i,iM 13  5-16 

300 13  11-32 

SOO 18  7-16 

31,100  total  Jan. 

For  February. 
SOU Uii 


bales.  eta. 

3.500 13  9.32 

5.500 13  5-16 

4.600 13  11-3J 

1,200 ISJt 

1.800 13  lS-3i 

2,100 13  71'i 

19.300  total  Feb. 

For  March. 

S.SOO. 13  7-16 

2.600 13  15-32 

3,3U) IS« 

100 IS  n-3i 

800 13  9-18 

900 18  19-32 

SOO 13K 

100 1321-32 

100 13  13-16 

17,100  total  March. 
For  ApiU. 

i.sai 13  :9-3'J 

2,1  flO \3% 

1.61I9 13  21-31 

1,100 13  11-16 

1.100 t3  23-:a 

900 !SX 

700 13  25-:.2 

100 18  13-16 

iOll 13  27-32 

600 '..11 

VOO  total  April, 


For  May. 
bales.  eta. 

100 13  19-32 

300 n\ 

1,400 IS  25-32 

1,000 13  li-l. 

1,200 IS2J-32 

200 nx 

5C<) 18  15-16 

400. 11 

9,lOO  total  Hay. 


For  June. 


The  following  exchange  was  made  darin(;  the  week : 

7-32C.  pd.to  exch.  1,000  Dec.  for  Kov. 

The  following  will  show  spot  quotations  and  the  closing  prices 
bid  for  futures  at  the  several  dates  named : 


2,800., 
600., 
100.. 
100., 


14 

..14  1-32 
..14  1-16 
..14  5-32 


3,600  total  June. 
For  July. 

400 UW 

1,20 14  5-S 

1,100 14  3-16 

2,700  total  July. 

For  August. 

1,000 IIV 

lOO 14  uSi 

1,100  total  Ang, 


HIDDLINe  UPLaXDS— AMBUICAN  OLABBIFIOATIOW. 


FrI. 

Onjpot 14  3-16 

October   14  9-32 

November 13  17-32 

Uecember 13  5-18 

January 13% 

February !8H 

March 13  11-16 

April 1S« 

May H  1-16 

Jane Hit 

Jaly 14  1S-3J 

Angnst 14  13-3J 

Sales  spot 1,620 

Sales  future...  31,(00 

Gold USX 

Bxchange l.',7 


Sat. 
•4  3-16 

14  3-16 
:8X 

18  7-3-i 
13  9-31 

15  11-32 
IS  19  32 
IS  23  32 

13  31-32 

14  5-32 
14  5-18 
14  7-18 
957 

23,S011 
114  K 

t.:i 


Mon. 

14X 

14  11-32 
13  15-32 
13  J-32 

15  5-16 
IS  13-3i 
13  19-Si 
13  25-3i 

13  15-16 
IIX 

14  Vl6 
659 
2^800 
113 
4.TI 


Taos. 

145. 
14  »-16 
13  5-16 
13  3-32 
13  5-32 
13  5-10 
13  ;5-32 
13X 

13  13-16 
14 

14X 

14  W 
1,115 
2i,2J0 

ii:h 
«.t;x 


Wed. 

14X 
14  9-16 
13  11-32 
1S« 
13W 

13"l-32 
13  17-32 

13  11-18 
13K 

14  I  32 
14  S-16 
11  5-16 
1,013 
31,8110 
115« 
4.75X 


Thnrs. 
IIX 

II  19-82 
13  9-32 
13  3Si 
13  5-3; 
13  9-32 
13  15-32 

13  %-32 
13  31-S8 
14« 

40,600 

ll«« 

4.74X 


Frl. 
IIX 
14H 
IS  5-1 C 
18  8-32 
13  5-12 
13  5-16 
IS  15-32 
ISX 

13  lS-18 
14 

14« 
6  5 
34.200 
l:6X 
4.74 


The  Visible  Supply  op  Cotton,  as  made  up  by  cable  and 
telegraph,  is  as  follows.  The  continental  stocks  are  the  figures 
of  last  Saturday,  but  the  totals  for  Great  Britain  and  the  afloat 
for  the  Continent  are  this  week's  returns,  and  consequently 
brought  down  to  Thurwday  evening;  hence,  to  make  the  totals  the 
complete  figures  for  to  night  (Oct.  29),  we  add  the  item  of  exports 
from  the  United  States,  including  in  it  the  exports  of  Friday  only: 


Stock  at  Liverpool. 
Stock  at  London 


Total  Great  Britain  stock 6l3,s:50 

Stock  at  Havre 196,750 

Stock  at  Marseillee 3,000 

Stock  at  Barcelona 60,000 

Stock  at  nambnrx 15,000 

Stockat  Bremen 80,000 

Stock  at  Amsterdam 55,000 

Stock  at  Rotterdam 11.000 

Stock  at  Antwerp 6,830 

Stock  at  other  continental  port'. .  9,000 

Total  continental  ports 385,000 

Total  Enropean  stocks 1,028,250 

India  cotton  afloat  for  Europe.. ..  210,000 

American  cotton  afloat  for  Europe  170,000 

Egypt,  Brazil,  &c.,afloat  for  E'rope  39,000 

Stock  in  United  States  ports 405,827 

Stock  in  TJ.  S.  interior  ports 53,842 

United  States  exports  to  day 32,000 


1875.  1874.  1873.  1373. 

5S7.000  688,000  532,000  467,000 

56,250  109,000  202,750  224,000 


697.000 

r31,.',70 

691,000 

145,000 

8(1,750 

23-2,000 

11,760 

8,250 

13,000 

68,253 

22.  ")0 

40,000 

18,000 

23,000 

S6,000 

36,250 

30,750 

35,000 

85,760 

93,750 

64,000 

21,500 

25,000 

9,000 

10,500 

15,750 

36,000 

22,000 

37,000 

45,000 

409,000 

343,000 

510,000 

1,106,000 

1,077.750 

1,201,00  0 

202,000 

151,000 

193,090 

139,000 

81,000 

141,000 

63,000 

57,000 

66.000 

378,628 

216,660 

278,620 

60,162 

65.669 

43,-33T 

8,000 

10,000 

12.000 

Total  visible  supply..  ..bale8.1,938,9U       1,946,790        1,692,279       1,931,017 
Of  the  above,  the  totals  of  American  and  other  descriptions  are  as  foUowe: 
American- 
Liverpool  etocyi 210,000 

Continental  stocks 166,000 

American  afloat  to  Europe 170,000 

United  States  stock 405.827 

United  States  interior  stocks...   ,     5.3,842 
United  States  expoi  ts  lo-day 32,000 

Total  American bales. 1,037,6(J9 

S(ut  Indian,  Srazii,  £e.— 

Liverpool  stock 877,000 

London  stock 56,250 

Continental  stocks 219,000 

India  afloat  for  Europe 210,000 

Egypt,  Brazil,  &c.,  afloat 39,000 

TotalKast  India,&c 901,250 


149,000 

98,000 

36,000 

175,000 

111,000 

68,000 

139,000 

91,000 

141,00" 

378,623 

246,560 

278.62" 

60,162 

55,669 

43,390 

8,000 

10,300 

12,000 

909,790 

612,529 

579,017 

439,000 

434.000 

431,000 

109,000 

202,750 

224,000 

234.000 

832,000 

412,000 

20-2,000 

154,000 

193,000 

53,000 

57,000 

65,000 

1,037.000 

1,079,750 

1,355.000 

Total  American. 


.1,037,669 


909,790 


612.529 


.579,017 


Totalvislble  supply. ...bales. 1,938,919  1,946,790  1,692,279  1,934,017 
Price  Middling  Uplands,  Liverp'l.     7d,  V/,i.  8Jid.  10-loXd 

These  figures  indicate  a  decrease  in  the  cotton  in  sight  to-night 
of  7,871  Viales  as  compared  with  the  same  date  of  1874,  an 
increase  of  240,640  bales  as  compared  with  the  corresponding  date 
of  1873,  and   an  increase  of  4,903  bales  as  compired  with  1872. 

At  tuk  Interioh  Ports  the  movement — that  is  the  receipts 
and  shipments  for  the  week  and  stock  to-night,  and  for  the 
corresponding  week  of  1874 — is  set  out  in  detail  in  the  foUowiug 
statement : 


Week  ending   Oct.  29,  1875. 
Recelpts.|Shipments.|  Stock. 


Augusta,  Ga 

Columbus,  Ga 

Macon,  Ga 

Montgomery,  Ala  . . 

Selma.  Ali 

Memphis,  Tenn 

Nashville,  Tenn — 

Total,  old  ports 


Shreveport,  La 

Vicksburg,  Miss.. . 
Colnmba?,  Miss... 

Enfaula,  Ala 

Atlanta,  Ga 

Charlotte,  N.  C 

St.  Louis,  Mo..  . 
Cincinnati,  O 


Total,  new  ports 
Total,  all.... 


9,932 
2,381 
3.376 
4,317 
4,500 
19,7.39 
703 


44,978 

2.647 
1,822 
992 
2.146 
3,905 
1,985 
7,206 
5,403 


86,106 


71,084 


3,492 
1,100 
1,993 
3,270 
4,200 
15,942 
1,050 


31,047 

1,816 
1,785 
213 
1,708 
3.778 
2,049 
6,082 
5,065 


21,496 


14,345 

4,6.50 
4,213 
4,662 
6,549 
19,380 
1,143 

63,842 

5,819 
1,956 
1,669 
2.157 
2,486 
4S6 
4,438 
2,727 


Week  ending  Oct.  30,  1874. 


Receipts. 

10,712 
3,424 
3,091 
3.7o2 
3,777 

14,122 
1.670 


SUipments.  Stock. 


40,658 

2.698 
1.11,8 
1,060 
974 
3,144 
1,217 
6,769 
.3,931 


21,728         90,961 


11,1^92 
2,185 
2,711 
3,1 '8 
3,2.->l 

13,006 
1,:J99 


86,782 

2.017 
1,065 

87; 

854 
3,615 
1,109 
6,217 
2,649 


17,428 


6-1,548     75,570   I      61,519 


61.210 


10,9-29 
4,706 
4,640 
4.981 
3,522 

24,698 
5,686 

60,162 

2.986 
989 
391 

1,206 

1,903 

307 

10.615 

6,231 

24,668 
84lio 


I 


October  80, 1875.] 


THE  CHRON^ICLE. 


'♦21 


The  above  IoUIb  (bow  that  the  old  Interior  stocks  have  inertated 
d  urine  the  week  iajB31  bales,  and  are  to-night  6.320  bales  Uu 
than  at  the  same  period  last  rear.  The  r«oeipU  hare  been  4,420 
bales  si0r«  than  the  same  week  last  year. 

BOMBAT  SairMKirrs  —According  to  oareable  despatch  reoeived 
to-uay,  there  have  been  no  bales  ahipped  from  Bombay  to 
Great  Britain  the  past  week,  and  no  bales  to  the  Contiaaat; 
while  the  receipts  at  Bombay  darini;  the  same  time  hare  been 
S.OOO  bales.  The  movement  sinca  the  1*1  of  January  is  as  follows 
ThsM  are  the  fignies  of  W.  Nicol  &  Co..  of  Bombay,  and  are 
brouKht  down  to  Thnrsday,  Oct.  2S  : 

^jmsa*auikU*Mk->    r-Sblpmrati  •IBC*  Jsa.  1-.     . nscelpti. — . 

ermi       Cos-  er«*t       tea-  TkU  Slaec 

Bftuta.  tUsat.  Toui.      Bnuia.  UsmU      Total,     vrck.      ju.  i. 

18T8 Ttl.OCO    ««.000  U«.QaO      «.08O    l.«S.O0O 

IC7I TJ»,000    S71,0M  M*).OaO      «,00O     MISJW) 

ira 1.000      ..  .      1.000    stnjn)  «n.(NO    mooo    (.ooo     yH.ooo 

From  the  foregoing  it  woald  appear  that,  eomparvd  with  last 

year,  there  is  an  iii«r«a««  of  bales  this  year  in  the  week's 

ahipiMata  bom  Bombay  to  Europe,  and  that  the  total  movvment 
sines  January  1  shows  an  inertate  in  shipments  of  23,000  bales 
compared  with  the  eor responding  period  of  1874. 

Wkathkr  Kkfokt*  bt  I'Ki.iaB  *  PH.— Oar  ulagnms  to- 
night indicate  that  the  weather  has  been  generally  very  farorablf 
for  the  in-gathering  and  marketing  of  the  crop.  Bnt  little  rain 
has  fallen  and  in  most  sections  the  temperature  ^haa  been  above 
the  average  for  this  period  of  the  year. 

OmhmUm,  SVaa*.— Kzeellrat  progress  is  being  wads  in  picking. 
The  crop  is  taming  out  well  and  being  marketed  fnelr.  There 
are  freight  gluts  at  all  the  interior  depots.  The  storm  hart  the 
bottom  crop  badly  only  on  the  eoaat,  and  not  as  maeh  there  as 
waa  Mpeetad.  Everywhere  the  middle  crop,  which  is  now  safe, 
la  prorlng  Tery  abondant ;  and  with  lata  feeat  and  n  good  picking 
ssanon  the  top  crop  will  also  be  exeatlent.  We  have  had  two 
days  this  weak  oa  which  we  had  slight  ihowara,  Ika  miafall 
being  twenty -eev—  haadradlhs  of  an  inch.  Tho  thormometer 
haa  aTtnged  74.  the  highest  being  81  and  the  loweai  balag  81. 

AdtoJMla.  7«aB«. — The  weather  this  woek  has  bean  rather 
■ana,  bat  favorable  for  picking  and  mnrfcetlog 
Tha  damage  to  eotlon  from  tka  atorm  waa  grant,  but 
Mfam  la  wawlfsal  !■  Iha  eao^    Wa  had  rain  on  one 


warm  for  thai 
thaerapi 

■Mk 


day  this  we^,  a  mere  drixale,  tha  minflftn  haiag  oaly  oae-hun- 
dredth  of  an  Inch.  The  thxrmomatar  kaa  nrwagad  78,  the  high 
eat  being  88  and  the  lowaat  CS. 

Ctnttanm,  Thaas. — Tha  la-gntbarlag  of  the  crop  la  proceeding' 
■nely.  bat  it  is  dUBenIt  la  plekinx  to  Keep  nue  with  the  openioi; 
eotloa,  as  it  is  opening  so  rapidly.  With  a  late  frost  the  crop 
will  be  lariTP.  TVpnt  arrumolatlona  are  heavy.  We  had  a 
drizillDir  rain  on  onu  day  tliia  we^k,  bat  tha  ralafall  waa  nnir 
two.baadi«dths  of  an  inch.  Tha  thatmowatsr  haa  aToinged  07, 
tha  Ughaat  baiac  88  aad  tha  lowest  47. 

Hmt  Orisaaa.  Lmriwtm»m.  Thaw  haa  baaa  no  rata  kata  dnrinK 
the  week,  and  picking  la  progisastag  Inaly.  Tha  thanoometer 
haa  averaged  88. 

6>r«»iysr«,  Ziwrfifwu.— The  weather  the  pant  weak  haa  been, 
oa  aa  average,  fair.  Mooday  was  rainr.  the  rainfall  oa  that  dar 
thrastaetha  of  aa  laeh.  Tha  laeatpu  of  eottoo  hav- 
off  aboat  hall  Avaraga  IhaimoMSUr.  87;  higheet,  %\, 
•ad  lowaat.  48. 

yUlu/ivrg.  MUHmipfti  —There  was  one  rainy  day  here  the  paat 
weak,  the  raiDfall  rcacliing  forty-three  haodredths  of  an  locli. 
Avaraga  thermoaietar,  84  :  highest.  79,  and  lowaat,  49. 


lawtai,  JfiMiiiiW.— The  weather  tha  paal  weak  haa  been 
aaddiy.  Piekfag  haa  baaa  iatarfnad  with  hj  tha  election 
iHBMt.  Tha  ihsimumHiii  haa  amagod  88,  tha  «Ktremeii 
|ra8aad8S. 


telegram   from   thia    point  has 


Wag  81 

UUU  Btek.  vlrJbraMa.— Oar 
(hlled  to  reach  as. 

JfasMBs,  Tbaaassr/  M  oa  one  day  the  past  wf  ek,  the 

rainfall  reaching  twn  ladrsdlha  of  an  Inch.    The  th<r. 

■omatar  haaavaragea  .»^.  m.  uigfaaat  hai^  TSaad  ihalowe«t  4*1. 

Jfiay^M.  naaattts.— with  tho  axaaf«loa  of  oaa  lainy  day,  on 
wUdi  tha  lalafldi  reached  sixty-two  haadradths  of  an  inch,  the 
past  weak  haa  haea  plaaaaat.  Ptakiaf  eoattanea  to  be  interf<rvl 
with  by  tha  alaetloa  asdiamant  la  MlasiaBippi.  bat.  with  tliat 
exeaptlon,  it  is  everywhere  progfcaalag  flaaly.  AToiage  ther- 
moawter.  81  ;  higheat  71  and  loweai  48. 

MMk,  .dlakaoM.— There  haa  beaa  ao  lala  all  tha  waek  ontil 
to-day.  whaa  It  waa  shoyery.  PleUag  la  maklag  Saa  prograMi, 
aa£  eotloa  la  hatag  a>arkal«l  Irsaly.  ATaraga  thanaomater,  S4  ; 
highaat  77  and  lowest  48. 

Mtmlt$m»rg,  Alakam*.—Vf»  had  a  alight  showar  on  one  day 
af  thIa  week,  bat  tha  rainfall  was  '■^g^UriM  Avataoe  ther- 
momatar.  8> ;  highaat  78  and  lowest  44. 

iMma,  JWawii.— We  have  had  no  rain  daring  tha  past  week 
aatn  today,  whaa  there  waa  a  rainfall  of  four  handredths  uf  an 


PIniaf  iaprogmsaliig  finely. 


-There  haa  been  ao  rain  thia  week;  the 
weather  haa  baaa  fiaa  for  picking  cotton,  and  the  crop  Is  uang 
gathered  aad  marketed  vary  fast.  Avarago  thanaometer  65. 
highaat  70,  aad  lawaat  88. 

Matan,  Oseryio.— Tha  weather  tha  past  week  haa  haeo  favor 
abi»  for  picking,  which  haa  been  going  on  finely.  There  was  no 
rainfall  The  thermooMar  haa  arangad  89,  the  extremes  being 
38  and  77.  " 

AUm^U,  ffaaripis— There  waa  only  oaa  day  on  which  we  had 
lala  haia  daring  tha  weak  past,  and  that  waa  only  a  shower,  tha 


rainfall  reaching  nineteen  hundredths  of  an  inch.  The  rest  of 
the  week  has  been  pleasant,  the  theruioiiieter  running  up  to  78 
and  down  to  48,  averaging  65. 

CtiuwUmt,  Georgia. — We  have  had  no  rain  during  the  week 
paat.    The  thermometer  has  ranged  from  40  to  70.  averaging  63. 

Sawamuth,  Georgia. — The  weather  thia  week  haa  l>een  warm 
and  dry.  The  thermometer  has  averaged  66,  the  highest  was  80, 
and  the  lowest  49. 

Auffutta.  Georgia. — Thn  weather  during  the  past  week  haa 
been  pleasant,  with  a  light  rain  on  one  day  to  the  extent  of 
fourteen  hundredths  of  an  inch.  Accountu  are  unchanged,  and 
the  crop  is  being  marketed  freely.  Average  thermometer  61, 
higheat  81  and  lowest  42. 

UkaHmUm,  South  Carolina. — There  has  been  no  rainfall  tliia 
week.  The  thermometer  has  been  up  to  80  and  duwu  to  HI, 
averaging  6.'>. 

The  following  statement  we  have  also  received  by  telegraph 
showing  tl>e  height  ot  the  rivers  at  the  points  named  at  3  o'clock 
Oct.  98l     We  give  last  year's  figures  (Oct.  30,  1874)  for   com- 


^Oct.  28. 15-^  ^Oct  so,  '74.-, 

Feet.       Inch.  Feel.  lucn. 

New Oriaass..IMowhl|rl>-wster mark IS            8  U  I 

M—phts A  IWTe  law-water  marie I              0  t  S 

Naakvin*.....AI>oTe  low-water  mark t              S  t  0 

Shievipott AtwTe  low-waier  mark TO  9  11 

Y>ckSlwii....AboT«low-waicr  mark 10             !  •     6  8 

New  Orleans  reported  below  high-water  mark  of  1871  until 
Sept.  9,  1874,  whrn  the  xero  of  gauge  was  changed  to  high-water 
mark  of  April  15  and  16,  1874,  which  is  6-lOths  of  a  foot  above 
1371.  or  16  feat  above  low-water  mark  at  that  point. 

GinncT  lUoB,  Baooino,  kc. — The  market  for  bagging  during 
tha  paat  weak  has  remained  quiet  and  prices  have  ruled  slightly 
in  bayata'  favor.  Sal«a  are  reported  of  aeveral  hundred  rolls  at 
fifana  raagiag  from  12^12^  cash,  market  closing  quiet  at  these 
qaalaliaaa.  Balea  are  in  amall  demand  and  prices  are  nominal 
>ttMN^  for  India,  and  13c.  tor  Borneo.  Baga  are  dull  and 
valaas  are  wholly  nominal  at  ISeiSle.  for  4«)a.  Butts  have 
mlad  qoiet  jlaring  the  week,  bat  prioea  are  more  firmly  held  : 
mlaa  are  reported  of  800(^1.000  balea  at  8  eeoU,  time,  and  at  tha 
eloae  holders  are  firm  at  3  15-16e.  cash,  and  3  cents,  time. 

TwMMMan  AXD  Airra-WAR  Prioes.— Mnch  interest  and  soma 

aaiprias  haa  been  expraasod  at  the  statements  In  the  extract 

twm  Maaars.  W.  C.  Watta  k.  Co.'a  Circular,  which   we   gave  last 

woak  oa  this  sabject.    We  eon«eqaently  applied  to  an  old  mer- 

ehaat,  who  has  been  engaged  in  the  export  trade  from  1838  down 

ward,  to  look  Into  the  subject  tor  as.    He  haa  done  so,  and   the 

fallawlag  latetaatlng  eommunlcatioa  is  the  result : 

October  88, 1875. 
JTMra.  JSWara  ; 

I  haea  looked  lato  the  matter  of  change  In  the  Liverpool  Stand - 
•id  ol  CtaaatSaatlon  aiaca  "  flflaen  or  twenty  years  ago,"  as  pre- 
aaaladlajroar  qaotatioo  from  Measrs.  W.  C.  Watta  4  Co.'a  Cir- 
cakr.  The  abaenoe  of  "  fair."  "  good  fair,"  and  "  good  and  fine" 
froai  tha  Liverpool  qaolattoos  In  recent  years  haji  the  same  ex- 
ptoa«tloa  aa  the  relueed  production  of  all  ihfl  belter  grades, 
"■MdUag"  aad  upward,  in  their  properiioa  of  the  crops  since 
tha  war.  In  old  times  tha  priportion  of  the  better  to  the  po  >rer 
giadea  was  widely  vsriable  from  year  to  year,  according  to  the 
weather  at  the  mataring  and  picking  season.  But  the  chief 
aaaaa  of  the  averag*  redaction  of  toe  higher  grades  since 
tha  war  is  well  known  to  be  the  change  In  the  labor  ayitem. 
Tha  old  control  aad  saparvlsloa  of  picking  and  preparation 
for  market  Is  gone.  It  was  a  point  of  pride  aa  well  as  of  interest 
to  tho  old  planters  formerly  to  select  the  choice  pickings,  and  to 
gia  aad  pack  them  Be|iarately  from  the  poorer  portion  of  the 
crop.  In  neeot  years  earelalnees  has  been  the  exception. 
Hsaes  the  mixing  of  grades  in  the  gin-boose  and  the  general 
lowvftag  of  grade,  besides  such  unfavorable  or  deteriorating 
aaadMoaa  of  weather  as  have  oeearrsd,  and  the  Inability  of  large 
pISBlaM  to  control  enough  Ubor  to  pick  the  opening  cotton  in  its 
baalalala.  There  ia  no  ur'>i-»r  parallel  bstween  the  classification 
ol  Braail,  Surats  and  oihi-r  ii<>ru  of  cotton  at  Livarpool  and  that 
ot  American  cotton.  The  latter  stands  by  Itself, as  do  the  others, 
arbitrary  and  nallke.  Tlila  appear*  in  the  fact  that  "good  fair" 
lamt  cotton  Is  no  higher  In  grade,  aa  eatabllalied  by  cleanliness 
maA  color,  than  "  low  middling  "  American,  yet  between  the  latter 
fair"  American  there  are  four  full  grades  Intervening. 
Ben  the  periods  1838-1^4'^,  and  184«^I8')0.  there  waa 
ahaaga  in  tha  dasaificallon  ol  Cotton  in  our  own  markets  ;  but  It 
waa  ny  running  a  new  classification  alongside  the  old  one.  The 
latter  was  used  chiefly  for  the  home  trade,  buying  for  the  New 
Eavlaad  mills,  and  was  called  tha  "  Factory  Classification."  Its 
■iidliair  was  the  eqiuvalent  of  good  middling  of  the  old  or 
Ufarpool  classification.  Tat  at  New  Orleans,  Motiilo,  Savannah, 
Ckarlaeton,  Ac,  the  old  one  was  preserved  and  by  it  ("assimi- 
lated to  that  of  Liverpool  ")  the  current  quotations  were  dally 
made. 

It  la  poasible  that  there  may  have  been  a  gradual  and  im per- 
ceptible change  in  the  Liverpool  standard  between  the  decade 
lSOI-1860  and  the  decade  1888-1875.  If  so  iu  degree  is  small, 
aad  oif  the  old  merchants  who  have  consigaed  cotton  to  Liver- 
pool In  both  periods,  probablv  not  one  could  decide  whether  the 
Aange  was  to  raise  or  to  lower  the  standard,  comparing  the 
Brolur^  taluatioiu  with  their  own  samples, 

la  past  years  a  wide  difference  has  appeared  In  our  own 
markets  between  the  clas^incation  of  October  and  that  of  June, 
daa  to  the  greater  proportion  of  the  better  grailes  ofTering  in  the 
aarllar  than  In  Iba  later  months  of  tha  season.  One  object  of  the 
Valiooal   Cotton   Esehaaga   la  kdopUog   tha    new   Amerieao 


422 


'THE   CHRONICLE. 


[October  30,  1876. 


standard  was  to  seoare  one  that  should  be  uniform  and  constant 
at  all  seasons.  Variations  in  value  find  expression  in  price  in  all 
the  Amerion  markets.  At  Liverpool  these  are  eipressed  partly 
in  price  and  partly  in  classification  by  brokers — the  cotton  arriv- 
ing upon  a  dull  and  falling  market  being  graded  lower  than  its 
duplicate  arriving  upon  an  active  and  rising  market.  This  char- 
acteristic, common  in  the  last  tliirty  years  at  least,  does  not  deny 
the  general  constancy  of  the  Liverpool  standard,  which,  partakinjr 
of  the  stability  wUicU  is  the  great  English  trait,  may  bo  assumed 
to  be  as  little  changed  since  1835  as  is  possible  to  anything  of 
such  a  nature. 

The  following  average  prices  of  "Middling  Bowed"  cotton  at 
Liverpool  for  the  ten  years,  1851-1800,  are  from  an  old  record, 
believed  to  be  trustworthy.  They  are  somewhat  higher  relatively 
than  those  assigned  by  Messrs.  Watts  &  Co.  to  Midaling  Orleans 
lor  part  of  the  same  years,  and  so  far  would  strengthen  their 
argument : 

1851.-... 5(1.  KTA 5Kd.  1858 W. 

iSsa 5«d.  1855 6d.  1859 IHA. 

1853 6Kd.  1856 7Xd.  1860 6Jid. 

1857 7>id. 

And  the  Middling  Bowed  here  quoted  was  as  nearly  the  same  thing 
aa  Middling  Uoland  of  to-day  as  the  Liverpool  standard  could 
hold  it. 

When  surprised  that  American  cotton  should  now  be  lower  in 
price  than  it  was  in  the  five  years  last  preceding  our  war,  we 
should  remember  that  by  the  war  cotton  production  was  extended 
to  an  extraordinary  degree  in  other  countries,  and  that  even  7d. 
per  pound  for  middling  American  does  not  destroy,  though  it 
reduces,  the  profits  of  the  cotton  production  in  those  other  coun- 
tries, after  it  lias  once  been  established,  displacing  the  former 
productions ;  that  while  the  aggregate  of  the  last  six  American 
crops  (including  that  of  1875-6)  exceeds  the  aggregate  of  the  six 
crops  last  preceding  the  war,  which  constituted  a^veneights  of 
the  world's  supply,  other  countries  now  contribute  to  the  world's 
commercial  supply  some  two  millions  bales  more  ;  and  that  the 
productive  capacity  of  all  has  outrun  the  consuming  capacity, 
whether  of  raw  cotton  or  its  fabrics.  Why,  then,  should  not 
prices  fall  1  ower  than  in  1855-1860 1  Merchant. 

Mill  Takings  in  Septembkr  Accohding  to  the  Nation-il 
Cotton  Exchanges. — The  figures  for  September  overland  and 
spinners'  takings  which  we  gave  last  week  as  received  by  tele- 
graph from  Mr.  John  B.  Lafitte,were,as  we  supposed,  made  up  by 
the  National  Cotton  Exchange.  We  have  this  week  by  mail  from 
Mr.  Samuel  11.  Buck,  the  Secretary  of  the  Exchange,  the  full 
statement.  The  following  are  the  details  as  to  spinners'  takings 
according  to  these  returns: 

Receipts  at  port  during  September 166.720 

Shipped  overland  to  mills 7,456 

In  transit  from  points  of  crossing  on  Ohio  and  Mississippi  Rivers  to 
Eastern  delivery  ports,  Sept.  30    1,971 


Total 17b,14j 

Stock  at  United  States  ports,  Sept.  1 71,413 

Receipts  at  ports  during  Sept 166,780 

2.38,1.33 

Foreign  exports 2.1,3'27 

Stock  at  United  States  portt,  Sept.  30 158,027—  179,354 

58,779 
Cotton  In  transit  between  delivery  ports,  Sept.  30 22,470 

Taken  by  spinners  from  ports  during  Sept 36,309 

Shipments  overland  to  mills  direct 7,456 

Total  taken  for  Northern  consumption 43,765 

The  committee  on  crop  (which  is  composed  of  Mr.  John  B' 
Lafitte,  iJhairman,  A.  H.  May,  D.  A.  Given,  Perry  Nugent  and 
Harrison  Watts)  state  that  the  work  of  preparing  the  September 
movement  has  been  performed  by  Mr.  Buck,  the  Secretary,  and 
further  that  they  have  adopted  such  measures  as  will  hertafter 
insure  a  prompt  and  accurate  report  for  each  month. 

Liverpool,  Oct.  29.-4  P.  M.— By  Cable  from  Liverpool.— 
The  market  has  ruled  steady  to-day.  Sales  of  the  day  werel3,000 
bales,  of  which  2,000  bales  were  for  export  and  speculation. 
Of  to-day's  sales  8,000  bales  were  American.  The  weekly  move- 
ment is  given  as  follows  : 

Oct.  8.  Oct.  15.  Oct.  92.  Oct.  29. 

Sales  of  the  week bales.    86.000  105,000  57,000  61  ('00 

Forwarded 4.000  3,000              3,000  4,000 

of  which  exporters  took 14,000  15,000              8,000  7  ODO 

of  which  speculators  took 6,000  15,0(10              4,000  2  000 

.Total  stock]  Acu^l,-^^.^ 669.000  611,000  6S2,000  Dsf.OOO 

of  Which  American  I  ^et.aa|;-,/B4,000  252,000  235.000  210;000 

Total  Import  of  the  week 41.000  S8,b()b  81,000  4:l',0(i0 

of  which  American 7,000  1-3,000  14,000  14.000 

Actnal  export 11,000  7,000  13,000  14,000 

Amounlafloat 23;,000  239,000  239,000  2no"0 

of  which  American 33,000  48.000  57.000  8.^,000 

The  following  table  will  show  the  daily  closing  prices  of  cotton  for  the  week: 


Spot.  Satnr.  Mon. 

Mid.  Uplds..  .®1  l-ia  ..@7 

do  Orleans.  ..®7  5-16  .-@7X 
Mitures. 


Taes.       Wednes. 
.-@7  ..@7 

..®7K        ..@7}f 


Thurs.        FrI. 
..@7  ..@7 

..ma     --@7)»- 


Satokdat — Dec-Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail. 
If  required,  7d. 

Nov.-Dec.   shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 
required,  6 15-16d.  ,'    •"         ' 

Monday.— Nov.-Dec.  shipments  from  Sav.,  Low  Mid.  clause,  by  sail,  if  re- 
quired, 6  15-I6d. 
Jau.-Peb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,   if 
required,  7d.  bid. 
Tcesdat.- Oct.-Nov.  delivery  from  Sav.  or  Chas.,  Low  Mid.  cl.inse,  6>id. 
Dec-Jan.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clanse,  8  13-16d. 
Feb.-March  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6Jid. 
Nov.-Dec.  Bhipmenta  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail.  If 
required   6?id. 


IHitures. 

Dec-Jan.  shipment  from  Sav.  or  Chai.,  Low  Mid.  clause,  by  sail,  U 

r(!quired,  6%d. 
Jan.-Feb.  shipments  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required.  7d. 
Oct.-Nov.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  13-16d. 
Feb.-March  delivery  from  Sav.  or  chas..  Low  Mid.  clanse,  6%a. 
Wedkesday.— Oct.-Nov.  shipment  from  Sav.  or  Chas.,  Low  Mid  clause,  6 J<d. 
Nov.-Dec.   shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required,  6  13-lBd. 
Dec-Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clanse,  by  sail.  If  re- 
quired, 6y,d. 
Jan.-Feb.  shipment  from  Sav.  or  Chis.,  Low  Mid.  clause,  by  sail.   If 

required,  6%d. 
Fob. -.March  delivery  from  Sav.  or  Chas..  Low  Mid.  clanse,  SJfd. 
Dcc-Jan.  ehipraent  from  New  Orleans,  Low  Mid.  c'ause,  7d. 
Dec-Jan.  shipment  from  Sav.  or  Cba;.,  Low  Mid.  clause,  by  sail,  if 

required.  6  !3-16d. 
Feb.-March  shipments  from  Sav.  or  Chas.,  Low  Mid  clause,  by  sail.  If 

required,  7d. 
Tami.'fDAY. — Nov--I>ec  shipraenl  from  New  Orleans,  by  sail,  if  required,  6^d 
Dec-Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clanse,  by  sail,  if 

required,  6  13-16d. 
Jan.-Feb.  shipment  from  Sav.  or  Obas.,  Low  Mid.  clanse,  by  sail    if 

required.  6jid. 
Dec- Jan.  sliiiiment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  If 

required,  offered  at  Q%d. 
Jan.-Feb.  shipments  from  Sav.  or  Chas.,  Low  Mid.  clanse,  by  tall,  if 

reanired,  6Jid.  bid. 
Jan.-Feb.  delivery  from  Sav.  or  Clias.,  6Jfd. 
Feb.-March  delivery  from  Sav.  or  Chas.,  6!id. 
Feb.-March  delivery  from  Sav.  or  Chas.,  Low  Mid.  clanse.  6  1.3-16d. 
Pam* Y.— Nov.-Dec.  shipment  from  New  Orleans,  by  sail,  if  required,  HJii. 
Nov.-Dec.  shipment  from  New  Orleans,  Low  Mid.  clause,  by  sail,  it 

required,  G  15-16d. 
Nov.-Dec.  shipment  from  Savannah,  Low  Mid.  claiue,  by  sail,  if  required, 

6  13-16d. 
Jan.-Feb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clanse,  by  sail,  if 

required,  li%A.  bid. 
Oct.  deliver}'  from  Sav.  or  Chas.,  6Jid. 
Dec. -Jan.  delivery  from  Sav.  or  Chas.,  6Xd.  bid. 
Dec. -Jan.   shipment  from  Sav.  or  Chas.,  Low  Mid.  clanse,  by  sail,  if 

required,  6Kd. 
Feb.-March  shipment  from  Sav.  or  Chas.,  Low  Mid.  clanse,  by  sail,  if 

required,  7d. 
Feb.-March  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  1.3-16d. 

The  Exports  of  Cotton  from  New  York,  this  week,  show  a 
decrease,  as  compared  with  last  week,  the  total  reaching  10,4')9 
bales,  against  10,669  bales  last  week.  Below  we  give  our  usual 
table  showing  the  exports  of  cotton  from  New  York,  and  their 
direction,  for  each  of  the  last  four  weeks;  also  the  total  exports 
and  direction  since  Sept.  1,  1875;  and  in  the  last  column  the  total 
for  the  same  period  of  the  previous  year. 

BxportKOt  CottonCbalesirt-om  Netv  Ifork  since  Sept.l.  1815 


EZPOBTKD  TO 


Liverpool 

other  British  Ports. 


Total  to  at.  Britain 


Havre 

Other  French  porta. 

total  Frencb.. 


Bremen  and  Hanover. 

Hamburg 

Other  ports 


Total  to  N.  Europe, 

Spaln,Oporto&Gibraltar&c 
All  others 

Total  Spain,  &c... 

Grand  Total 


WEEK  BNniiie 


Oct. 
6. 


11,501 


11,501 
36« 


264 

1,:333 
500 


13,59S 


1,352 

1,110 

907 


3,359 


1 1.0.50      10,660 


Oct. 
20. 

7,046 


7,046 
398 


1,09? 

550 

1,533 


3,225 


Oct. 
27. 


6,547 


6,547 


1,123 

729 
1,720 


3,57J 
■356 


S50 
10,469 


Total 

to 
date. 

46,912 


681 

5,995 
3,039 
6,097 


15,121 

350 

.350 

6:3,094 


Same 
period 
prev'ua 

year. 

63,574 


63,1)74 
2,561 


2,661 

3,160 

2,603 

SO 


5,813 
10 

10 
7I,9.'8 


The  following  are  tlie  receipts  of  cotton  at  New  York,  Boston, 
Philadelphia  and  Baltimore  for  the  last  week,  and  since  Sept.  1,  '75: 


BEOE'TSFROM- 

HEW  TOBK. 

BoaTOR. 

PHILADELP'IA 

BALTIMORE. 

This 
week. 

Since 
Sept  1. 

This 
week. 

Since 
Septl. 

This 
week. 

'738 
'701 

Since 
Sept.l- 

41263 

i','ro7 

This 
week. 

'578 

'394 

550 

2,8C0 

'171 

Since 
Sept.'. 

New  Orleans.. 
Texas      

5,426 
2,453 
6,081 

'464 
4,979 
4,t-ll 
15,287 
2,196 
5,238 

24,562 
20,614 
22,989 

l',3iii 
21,873 
10,387i 
48,424 

2,900 

11,760 

296 

l,6il 

l',47ti 
2,579 
1,308 

2;679 

7,530 
10,091 
3,994 

... 

Savannah 

Mobile 

Florida 

S'th  Carolina 
S'th  Carolina, 

Virginia 

North'rn  Ports 
Tennessee,  &c 
Foreign 

roWl  this  year 

Total  last  year 

6,139 

8,426 
2,169 
9,161 

'782 

45,934 
38.141 

165,266 
180,501 

6,374 

24,294 

1,43s 

6,000 

4,498 

20,«S7 

6,741 

80,9)0 

2,579 

8.651 

1    4,86S|  15,519 

Shipping  News. — The  exports  of  cotton  from  the  United 
States  the  past  week,  as  per  latest  mail  returns,  have  reached 
51,183  bales.  So  far  as  the  Southern  ports  are  concerned,  these 
are  the  same  exports  reported  by  telegraph,  and  published  in 
The  Chronicle  last  Friday,  except  Galveston,  and  the  flgure.-* 
for  that  port  are  the  exports  for  two  weeks  back.  With  regard 
to  New  York,  we  lnclu(ie  the  manifests  of  all  vessels  cleared  up 
to  Wednesday  night  of  tliis  week. 

Total  balrs. 
NewTouk— To  Liverpool,  per  steamers  The  Queen,  2.276.  ..City  of 

Chester.  1,679. ...Abyssinia,  603  ...Germanic,  1,989 6,547 

To  Bremen,  per  steamer  Main,  1,123 1,123 

To  Hamburg,  per  ste&nier  Elopstock,  729 729 

To  Antwerp,  per  steamer  C.  F.  Funch,  400 400 

To  Amsterdam,  per  bark  Panl,  1,.320 1,320 

To  Genoa,  per  bark  C.  L.  Tyler,  350 350 

New  Obleans— To  Liverpool,  per  steamers  Vanguard,  3,S12  ...Chilian, 
5,039 


0  tob.r  3u,   1875 


THE   CHK0N1C5LK 


4.^8 


To  Barcclosa.  DC  twrk  Ani^l*.  I.OeO 1,05* 

To  0<aua,  par  Mrk  WenklM.  464. 


4.911 

s,8ro 


lloBiL<— lu  Grlmihjr.  O.  B.,  per  iblp  Ilnrlbat,  XttX 

CB«BL«*r  ii-To  LIverpuoi,  per  barx  Tritda,  S.M)  ITplaBd Lonlw, 

I.M«  <'i<aiid....pcr  brtf  Ullle  Btij,  l.li«  D|iUiid  tad  e«a«* 

l»Ulhi 

To  ll.irre,  per  bark  Ttrawaib.  tJOO  TpUnd  and  30  Sea  Iiland  

Tu  Ikmlcak, par  >laua«r  Utu,  S,lli  UpUnd  ...per  bark  Olorlu 

de  UurcL  «U  Upiaad      .V. _.. 

_     To  LiTcraaol.  per  bark  Wild  Hiuiler.l,0«SCpUi>d. I,0«5 

BATAniAa— ToAaatatdan.  per  bark  Ter1taa,>MUpUBd MO 

To  Barcdoaa,  par  bark  MaraUia.  »1«  Dpiaad «li 

To  ^aIlUadcr,  per  brig  F  H.  Odiorne.  :iO  Upland  740 

ToGeioa,  per  Khoocrr  f>.  3.  Dirl*.  t.inUptand   l.ttJ 

Taxu-  T»  Llrerpu<ii,  per  (teamer  Sen  ADioaio.  «,0U XfiSI 

y.f  -t    '  -    rrlorf,  p:r  bark  Cnlcorn,  i.T.'O 1,750 

Baltix                      /men,  per  •learner  Le. pal  .  1.111.      1,11} 

Koarii^                    .  ".'I.  per  tlamera     artba,  S41....LordClire,  l^MS  »^ 

Piuui.>..<^»..-..>UT<rpool,  per  •taamerKeallwurtb,  igH l,tM 

Total 61, 1« 

Tlie.itrdoalanat  ibM«*liipiu<faia,»rruiKed  In  eo'  aanal  (orm 
M«  ma  follow*: 

Urtr^  Orlma-  B.-e-  Amnar-  Barea- 

b/.    Cork.  Oarre.  meo.     dam.  looa.  Oenna.  To'al 


XawToik 

.   M«I 

KevOricaaa... 

.  t!«i 

MoMla 

Chariaatoa  .... 

«,»u 

SaetniiAh  

.    s.ou 

n.  t.- 

«,Ui 

l.ltl    l,«B 


i.na 


1.1M 


«M 


I.IU 


MO 

10, 4' « 

i.oeo 

a63 

10, 1 M 

a,an 

t;wi6 

U,(M 

«li 

i.m 

«.;»4 

1,1W 
J.VW 

.... 

— 

l,0(>i 

)•■  ••  a.Mt     

rtu.«delpb..a ljM«        

r»ui    ei4t4    int  i.no  t.au  *.t»  tim  g^Mt  *,«o  bi,iM 

Inclade«l  in  th  -     bove  t-*  41*  a  e  fr>MB  Ntw   Yi^rk.  7t9  baJaa  to  Hambartr, 
aad  4UC  tu  \i>iwrrp;  frum  ^avaunib.  7<o  bale*  lo  >aataoder. 

Bolxt*  wo  ifir«  All  oewa  rseBirod  to  <Ut«  of  dlMMt«n,  ft«.,  to 
ya-iio  carrTtair  toUom  frma  Uaiu4  BtatM  prwU : 
CaLTtrr.  •»  .  r-r  BililiB"'-  •"•■''  '•■» Coartaatoa,  OcL  tt,  parted  •  Hoc, 

abirbcaaaed  ber  |.  with  the  atHMalllp    )latfnpoll>, 

aiHi  k'<l  •t^re-ad 'J  netdaaagad. 

B.LII.»'-"  -h-    .   \  .   .^,  (laat  Otwtatawa.  a.C-  nportj 

O  '.  Tzperlescad  a  aerara  gala  trem  a.  !f.  B., 

<  1  koar*^  la  «klak  loat  aad  eplU  aaila  awl 

tL .    —    . 

Oottoo  f  r«  iruu  tb«  itaat  weak  h«r«  baaa  ••  lolloirt : 
I.— — «  . — Uavra.— > 
ItalL       Waarn.  'tell. 
d.  c.        c 


l-'ei». 
T-l'<» 

T  l*S 


»-i« 


Siaaa. 
d. 
•ataidar...  t-lt# 
Moaday....  7-^«S 
Taaxiay. 
Wedn<^U} 

PrIdajt  :  lb|t 

Marktt  •ua<J< 

KuKorito  I'OTfOM  V(\ilKvr4.— la  rolareoM  to  Ihaaa  mmrkpt* 
oar  oorr«apn«i)aat  la  Ijomloo,  wrillag  aador  tba  dot*  of  Uct 
16,  1873,  aiataa:  . 

hiVBarooi..  0.:t.  14  — Tb«  (ollowinn  ara  '.ho  piieo*  of  mid 
dliog  qullilea  of  eotton  eomporad  with  thodo  of  Uat  7«ar: 

^Haae  dau  WH.^ 
^-Ofd.*Mld^.-rr.«0.rr<-.  -0,«na»^     Mid.     Fair.   Oood. 
•MMaad.  l«  IT  I*  M  H  »  U  tl 

Plaftdado    l»  U  17  W  IP  ..  MM       H 

Urd  U.O.       UM.     Mid.      O.M.    Mld.r.    Mid       U.M 

..  tV        tM        *H        1%        ^  t-n    Th         ■ 

_       ai         »M         bX         TK         7H«    T»< 

Taiao.....    »\(         a«         a  IS  M  7  4-l«    TJf         k 
M.  Ofleoaa.  k.«<         (Ml  TH         7)«        kM        »X 

^■uce   (ua  o4<ii>u«ae0Maat  ui    (be   ftmr  ihc    Irai 
•pjcaiotioa  ai'l  r>r«(port  bava  boas 


Cpiaad.. 


•  t-M 


s  »-i«  a 


looa 


M 
I 

Mr. 
s 

K 

*'k 
on 


bigbir  ^radea  of  floor  have   bflen  sxlliag  more  freely,  but  at 

wrakeoiog  prices.     Receipts  at  all   points  »re  large,  bat   stocks 

bare  not  a»  yet  deTfln.ed  any  burdfiii<:)ine  accumulation.     Rye 

flour  and  corn  meal  bare  ao'd  at  some  decline.     To  day,  t!ie  flouR 

market  was  comparatively  quiet,  but  li^Id  at  firmer  prices.  | 

The  wbeac  market  has  been  doll  till  within  the  past  day  ot 

two,  ia  which  the  export  demand  has  i'l.-n  more  active,  at  $1  05(3 

|1  08  for  rejected  spring.  $1  15@1  29  for  No.  3  Chicago  and  Mil- 

w»ukee,   fl  31(*1  28  for  Xo.  2  Cliicago  and  Northwest,   |1  81@ 

f  1  83  for  No.  2  Milw.ukee.  $1  88(31  87*  (or  No.  1  Spring,  f  1  30® 

|1  38  for  prime  new  red  and  amber  Winter,  $1  43(^1  51^  for  new 

wLite.    The  export  demand   wa-i  stimulated   by  the  decline  in 

ocean  freights  and  some  advance  la  exchange.    The  Agricultural 

Bureau  reports  for  October  that "'  the  wheat  crop  for  the  present 

year  is  a  short  one,  and  the  deficiency  ia  augmented  by  a  marked 

deterioration  in  qaality."     Receipts  at  the  Western  ports  continue 

at  a  fall  average  in  quantity,  while  (be  qaality  shows  a  marked 

improvement.    The  new  No.  8  Milwaukee  is  betur  than  the  cor- 

reapoadiog  grade  lost  year.    To-day,  there  woe  some  speculation 

pnMkDtod  by  parties  to  a  "  corner"  in  Cbicsgo,  and  No.  3  sold  at 

|1  90,  witli  No.  3  Milwaukee  going  at  |1  33(i^l  84. 

Indian  com  boa  met  with  a  brisk  export  demand,  and  prima 

sail  misad  Western   was  advanced  on   Wednesday  to  73<a74c., 

afloat  and  to  arrive,  but  this  was  barely  sostalned  yesterday.   The 

Agricalturat   Bureau   reports    the    condition    of    the    new  crop 

4  per  cent,  better  than  last  October,  but  among  the  trade  tb  ' 

condition  is  generally  believed  to  be  inferior — not  well  ripened — 

allhongh  an  increase  in  the  jield  is  admitted.    I'o-day,  there  was 

a  good  demand  for  prime  mixed  at  73c.  lu  store  and  TSJc  afloat. 

Rj«  has  been  dull,  drooping,  and  aosettled,  aniler  tlie  coneld 

•ikbU  mpplies  which  are  now  coming  forward.     Barley,  at  some 

daeilao  ta  th»  lower  qualities,  has  been  more  acti  v,  several  boat 

o(  Canadian  having  sold  at  $1  13<(f|l  18.     Canada  peas  have 

■wra  active  at  fl  03  to  arrive,  in  bond. 

Oati  have  been  without  important  change,  bat  yesterday  • 

brisk  specalative  demand  sprang  up,  wItU  large  sales  at  Hi^me. 

fsr  No.  >  Toledo,  44H@47c.  for  No.  3  CbicaK<>.  and  48c  lor  No.  3 

UHwaoke*.    The  crop  is  r<-port«d  by  the  Agr'ruliural  Bureau  to 

bsflwpereeat  yrcattr  than   lost  year,  but  curmiit   prices  are 

abo«t  M  par  es«t  below  thofe  of  Isst  Ociob<>r.     To  day,  the  mar- 

kst  was  dall  sod  lower  at  48i^0^.  for  N).  3  Obloago. 

Tb«  following  are  cloning  quotations : 

ru>OB  I  Uaaix 

Mbt fbb;.|4  10^4  7)    Wheai-Nu.a>prtag,  boel.ll  17«  I  It 

Ispwiae  dute  *  wast-  '     jfo.SeprlLg I  ISa  l  it 

—  *- --     *--  • I  mS  1  «o 

I  :o$  I  n 

I  I0&   I  40 

I  *>•  1 1 
rif 


•— T^kasea 


Aa 
■r^alHaa. 


.  m.T>0 
»*aa 


Btn«iaa.A«  l«.l«0 
W.  fadU.  *«.  Lkse 
■.  ;adta  *r.  1MB 


Mas. 

t»t« 

IS  Tie 

HA» 


UUitodat*-. 


— Aciaalaap. 
aUl 


TM*I. 


.«•,»> 


•MM 

«5!E» 


UMn 


BT.ns 

SMH 
M^tlt 

i«4.T»l 

run 


Aelaai 

•ip'tfroaa 

■-•  K.ln 

1«74 

kalo.. 

106. 1  m 

atvhi 

lt.4T» 

ia,na 
gni.oon 


■ilia  Bute.  Ac 

WMIata  Spelaf  Wkaai 
,    axlra* 

do  XX  and  XXZ 

do  wlatar  wkeai  X  aad 

XZ 

OMpafeipplBC  atfae..  .. 
Ow    trade   aad  faallj 

BaolWf  a  bakars*  Md'  fa- 


■tlv  arai.da 
•saHkara  ablpp'c  estras. . 

Ipsdoar,  aaperiaa 

Cetaaaal— weeiern.  Mt. 
•aal— Rr'vlne.  Ac 


Ho.  I  aprtaf  . 
Red  waalara.  .  . 
Anbar  do..     ..     . 

White ^  . 

Oam-Waatara  ame 

WblU  Waatara... 

Tallow  Waalera.. 

BoalbarB.yvUow... 

Mjt 

Uata- Black 

Mixed 

Wblte    

Barley— Waaters 

Canada  Weal...  .. 

Bute 


fip.ti: 

The  followiaKatatemoni  allows  the  saleoand  Imports  ol  oo«i.-« 
lor  the  «eek  and  year,  and  alao  tbe  stocks  tut  *kaa<i.  oa  Thar>d  it 
•VKBlag  last : 

saLsa.  avo..  or  ati.  aaaciurriaaa. 

■alaatklawaa*. .      Total       daaw        Aeera«e 

_  ■>■  Bpaaola-  Ula       partad    waekl;.al.'. 

Tiada.    aort    ilo*.  Total.       vaor.        IBM.      Iflft.      1*74. 

Aai«.lcaa..baMe  4I.TSS   S.«ld     T.TSe      4S.TM  l.4la« I.S«>,Mt   M|ro    tijltri 

■•^slllaa \*jr9        m        lOt)     M.43a     irt,S;o   an.9«a     a.vio     a  10 

•STVtlaa 1^140       IW        9M       S.7»     Barfs    !»...«     |,to«      V4:0 

W««'ladlaa....l»"™'        •"       '■'   )  S.>;0      JB.1»     TSMSf    ••**     '•*  * 
■>••  li^laa 14410  ll.»t»    >,OtS       I1.4M     Ml.4»    MUM    ||,||»    II  S« 

T»tal 7*.fio   ll.7»    14,170  loiTM  tJ»T.aaO  ilUMIO  MLdSD  «"l"ao 

.  l»pona.^— 

Totkle  Totkl* 
TkU        dale        data 
wrek.      imj.       iirrt. 

Amencaa ll,ft«  t.4MMi  I  S'«.'<M 

Braainaa      ...       MO    au.7-4     4AM4 

icyptiaa  tat    M!.:ai    mm 

•iBrraa*4lf^  .  .  tVit  tJU 
W.  ladlaa...  I«  VtMS  SMB 
14,771     «a.lll     Ttl.tM 


Baaie 

Total. 

TbU 

dale     Dec.  tl. 

I»;4. 

dav 

tu.m 

ir4.          1174. 

I.*I*S« 

174  MO     r4.i«a 

4tt.0IS 

•1.17a 

imiso     n.Mi 

«^ 

I.7M 

liTIB 

•1.410       7I.4SO 

n«.i« 

«Mn 

mtjm    iio.no 

—  axmaTt  ran*  aaw  roac— 


T 
I 
I 

4  «#  4  10 1  Pea*- Canada 
The  lanvvment  to  breadatuS*  at  this  market  has  boon  aa  fol- 
lows: 

— aausiFiaaT  aa*  roaa. — 

. 1»7«. .       Blaae 

Fortb*     Slac*         Jaa. 
«»*k       Jan.  I        1.  ••T4. 

naBr.bkit.  ii«,Ais  u•^7■«  t.m.m 

Wbssi,Ua.i.r«o  UI  it.im.tm  m.ht4M 
Omb,    ■* .  4iBj««  «s4tjn  «,4ia,4s: 

Kra.  "  11.710  »!.•«  IM4BI 
fiftoy.  -  «n.7i«  l.aoi.S«  MidUM 
OsM..."  .  ua.Di  Miijn  ^m,ia( 

Tbo  tollowioK  tables  abow  tbe  <)raln  In  sight  and  tbe  move- 
■ant  of  HreaHatolTn  to  tbe  latest  ni  ill  datea. 

AT  LAKB  AND  mTBR   rORTS  FOB  TRB  WCBK    KltDtKO 
<KT.  28,  1875,  AND  FROM   At^atriT  1   TO  OCT. 


im. 

For  lbs     Blare 
week.     Jan.  I. 

n.-.i  t   i,sto,s'v9 

4.til         1I«,>1S 

■in.aM  N,iiTa,Ms 

m,i>i»  1 1  t'lS,  n* 

:j4.»io 

no 

T.W       1I4.U7 


1S74. 

For  the      Since 

week.      ian.  1. 

40.«»    I.MM,0n 

1,411       180,717 

4n.«u  n.ii»44i 

UlIM  I7.0M,4«7 

iB,7^     m,im 
i,Mt     i<a.Me 


Total 


v,HB  1M.7M  ^M,4n    a.M,««   tii.iii  MMO^   aHito 


BRE  AD8TUFF8. 

Faioav.  c.  M    OetxBar  II.  1I7J. 
The  floar  OMrkat  for  the  firat  half  of  tba  waek  ralsd  dull  and 
prtc^  weak,  with  l'n«*  nf  «»tr»  8u  •  ir  >liig  aa  low  ae  $5  70.  but 
la  lbs  eoaraa  of  "  an-i  Tharaday  the  aalaa  Ibr  export 

aggregated  >S,00n  t  '  V^^t  40  f^rsuperflao,  |8  78(»>.f  85 

far  dOBaoa  aklpptng  extra.,  and   $«  l.'kaffl  75  for   fancy  and 
dMiaado.     A  lart  of  tbe  basiocss  was  for  sarly  arrival,     fbe 


Fixer,  Wheal, 

bbs.  boah 

(SMIbe.)  (lOlbe.) 

II.IT»  ni.4U 

M.40I  MlIM 

LM«  in.s«i 

l«.t7a  •<S.tl7 

•Mn       MU 

K.7r7  a8.4M 
{.too        U.MM 

1,(100  104.100 


Com.        Data,     Barley,        Rye, 

basb.        bnah.       bnah.        bBih. 

(Mlba.)    (Itlba)   (48lba.)  (Mlba.) 


U«,7« 
10.440 
ll«.MI 

t.im 

I.480 

ll.'W 
ltl,l40 


_.A>- 

Hjj*** 

tLVam\».'...'.l,.'... .. 

rSerta.    ......*•.••. 

Oolctli 

ToUl 

ntevtoa*  weak 

OatTae|>'B|  weak.Tt 

•n. 

fttal  Aar  I  todaU  .l.isi.744  i<,n.4.«M  H.ilit  l|i>  in.r«',bio  M  4'.wl 
■aaMiiB*  iin4...  .1  «as,sio  it.ia5.sis  itii>i..'«t  asiw,ii4  t.ut.in7 
•awe  ume  1971. . .    .i.iM.m  H.(m,7m  ii,7.vi,xM  8,4i«,4M  s  ogr.no 

lametl'ae  irn..        I, IM,SI0  S',MT.»»4  11,148,171    a,IOS,US  4,lTii,aftS 
•  iMlaaaled. 


m.m  i,ni.«iB 

lta.77»  LTBI.OSt 

leo.oii  t.ost,iv7 

147.441  l.ro.M 

i«s.cm  i.o4i.sot 

141,117  I, ITT  IN 

IM.M)I  1. 7^1. Ill 


I.ISI.ait 
87T.08J 

IPII,<K4 

i.iao.tia 

1.I0*.MS 

inii.»<s 
mo.Mi 


4I.MSA 
4l.1i«) 

is.aoo 

r,»7? 

17.100 

ltt,tll 
ISS,S40 


Mt,««a 
M«.gaB 
iniiT 

7r8.r>4 

Mft.7.lS 
4,107 


10T..W 
M,TtB 
4t.Ml 
II.M1 
SMO 
M.3W 
10,100 


«5.on 
•4«,in 

4M.84I 
U4..1M 

147  7n 

l(t,«00 


17.015 
•.lit 


it4oa 

tt-SW 


8I,ISI 
I7,MT 
l»,7« 
4MM 
5I.4M 
MI,4II 
Bl.ia 

8«i.*ia 

W/7.IT7 
70«,4M 
'04,  US 


424 


THE  OHRONlCLPl 


[October  30,  l875. 


Shipments  op  Flour 
foar  weeki  and  from  Jan, 

Flour, 
bblc. 

Ott.niS 1M.4TO 

Oct.  18. '75 1«,488 

Oct.    9.  "75 14&,690 

Oct.    J. '75 1«»,086 

J«o.  1  to  date 4.168,834 

Bamo  time  I8T4 4,Ti)6,6CS 

Same  time  1873 S.ise.&l'j 

SumBtime  im» 8,617,537 


AND  QRA.IN  from  lake  porta  for  the  last 
,  1  to  Oct.  83,  inclusive,  for  four  years : 

Wheat,  Com,       Oa;,a,      Barlej,       Rjre, 

bash.  hoBb.       bnsh.       both.        bimb 
2.&91,365       778,079       685.480       gl,SS6       4J,5-JS 

i,i»lMl  768.746       74.M5y     147  fi56       3!),.'IOa 

1,999,381  1,069,884       38<i,00!     1S8,IKU       69,739 

1,8I1,6BS  1,097,518        87.1  SM      14«,6-.I        38,iffl 

4\8M,fiTii  8H,M1,019  I5,4i:i,:j6  !.8«0,-M8     703.310 

51,U«,79ll  40,lf7,«99  14,%J.:)3S  i,Sfl5.787  2.H43,8.'>1 

)ii,»75,41S  41,B74,!i8l  19.;03,IH«  3,U«,686  I.lili.WII 

«,160,7*4  61,006,314  15,417,710  4,030,470  !.91:i,(;9.' 

RB0BIPT8   OP    PLOUB    ANUORAIN    KT  8ICAB0ARD   PORTS    FOR  TUB 
WBBK  BXDINO  OCT.  23,  1875.  AND  FROM  JAN.  1  TO  OCT.  33  : 


Flonr, 

At-  bbls. 

New  York  m,9« 

Boaton 45,9-25 

Portland 8,550 

Hontreal 40,080 

Philadelphia 13,280 

Baltimore a4,Ml 

NewOrleana 80,513 


Wheat, 
bnsh. 
1,142,854 
4,885 

5i7;673 

153,600 

54,000 


Corn, 
baeb. 
499,114 
105.008 
80,400 
58,3^8 
74,800 
34,500 
3,390 


Oats, 

bash. 

478,557 

114,745 

3.5U0 

3,093 

116,200 

71,800 

S8,37J 


Total 880,884    1,881,818       804.840       8W,887 

Prerloneweek 810,389    1,649,031    1,078,880       59H,S84 

Oor.  week'74 390.894    1,818,.301       64«,8;0       597,169 

And  65,638  bash.  Peas  at  Montreal. 
TotalJan.  1  to  date.  7.498,876  48,848.808  48,859,863  15,693,789 

Same  time  1874 8,615,515  58,968,888  45,565,076  18,673,909 

Same  time  1873 7,610,683  94,084,011  41,868,817  18,907,775 

Same  time  1872 5,816,880  17,104,755  63,890,054  18,958,965 


Bariey, 
hu^h. 
416,  .539 

18.516 
2,500 
9,100 

148,000 


59t,f.85 
481,260 
277,182 


Rye, 
bush 
3,000 
600 


1,700 
1,000 


6,300 

13,561 
18,-358 


4,066,985 
1,626,6«S 

1,989.581  1(104,4110 
2,823,61'J    4:0,539 


3M,mi« 
Si, 461 


THK    Vi.SIUI,B     SUITLY 

granary  at  tho  principal 
seaboard  ports,  in  transit 
by  rail,  Oct.  28,1875: 


OF    (iRAiN,     includio);   the  stocke  in 

points   uf  accumulation  at   lake   ani^ 

on  tlie  lakes,  the  New  York  canals  and 


In  store  at  New  York 

Id  store  at  Albany    

In  stoi  e  at  BalTalo 

In  store  at  Chicago 

In  store  at  Milwaukee... . 

In  store  at  Daluth 

In  store  at  Toledo 

In  store  at  Detroit 

In  store  at  Oswego* 

In  store  at  St.  Louis 

In  store  at  Peorin 

In  store  fli  Boston.. ...... 

In  store  at  Toronto 

In  store  at  Montreal 

In  store  at  Philadelphia'. 

In  store  at  Baltimore* 

lAke  shipments  

Rail  shipments    

On  New  York  canals 

Total 

Oct.  16.  1875 

Oct  24,  1874 

*  Estimated. 


Wheat, 
bush. 

2,557,«6T 
22  100 
428,768 
998,688 
5SO,709 
15(,538 

7«,a)i 

418,275 

130,00(r 

548,570 

11,970 

26,805 

286,019 

227,568 

235,000 

59,845 

2,080,852 

510,133 

1,444,720 


Com, 

bash. 

1,688.726 

10,500 

:  24,646 

1,344,481 

27,127 

251,201 
3,654 

40,000 

52,169 
167,936 

95,090 
1,378 

32,168 
215,000 
182,479 
642,781 
130,348 
608,325 


Oats, 

bnsh. 
554,595 

91,500 
114,7S6 
431,381 

88,748 

269,688 

35,223 

80.000 

139,553 

125,310 

193.084 

8,675 

5,411 

75.000 

65.000 

8ft3,a59 

388,371 

848,803 


Barley, 
bush. 
6').008 
IftJ.OOO 
5,041 
309,174 
87,914 

81,017 
29,151 
30,000 

118,686 
1,847 
2;),8.38 

265.:185 
15.686 
23,500 
18.000 
5,903 
55,483 

294,557 


Rye, 
bush. 
19.188 
■4,400 

117,489 
87,187 

3',.5.37 

411 

7,500 

16,461 

67,985 

399 

301 

3.506 
4,500 
17,120 
25.103 
16.700 


.11.488,408  5,606,909  3,140,085  1,474,680  381,919 
.11.839,159  5,838,068  8,781,059  1,861,617  315,102 
..10,826,719    4,945.795    2,864,246    1,495,440     814,335 


rsE  DAY  anoDs  trade. 

raiDAT.  p.  M.,  Oct.  29,  1875. 
The  trade  movement  this  week  has  been  slujygish  with  manu.' 
facturera'  af^ents  and  importers,  and  business  in  the  aggregate 
amount  light.  We  have  had  too  mild  weather  for  the  prosecu 
tion  of  an  active  retail  movement  in  Fall  goods,  hence,  the  jobbing 
branches  were  generally  quiet,  and  jobbers'  transactions  were 
chiefly  restricted  to  filling  orders  from  the  in:erior  which  came 
forward  in  fair  numbers  from  the  West  and  South.  There  lias 
been  more  inquiry  for  Cotton  goods  for  export,  stimulated  by  the 
low  prices  now  ruling  in  this  market,  and  a  few  transactions  of 
an  experimental  character  were  reported.  That  cotton  goods  and 
calicoes  are  cheap  beyond  all  precedent  admits  of  no  doubt,  and 
the  present  timo  appears  favorable  for  the  development  of  an 
export  trade  to  countries  which  have  lately  been  supplied  by 
Great  Britain,  and  which  could  be  readily  taught  the  superiority 
of  American  productions  over  the  trashy  manufactures  shipped  by 
England  to  all  parts  of  the  globe.  The  print  market  has  con- 
tinued in  a  demoralize!  condition,  and  H.  B.  Claflin  &  Co.  closed 
out  a  line  of  some  1,500  cases  Sprague's  and  Garner's  light  fancy 
standard  prints  at  the  unprecedentedly  low  figure  of  5j  cents 
which  ia  considerably  below  ante-bellum  prices.  A  line  of  200 
cases  domestic  felt  skirts  was  disposed  of  at  auction  where  they 
realized  excellent  prices. 

DoMKBTic  Cotton  Goods.— There  has  been  a  steady  but  )im 
ited  demand  for  package  lots  of  the  most  staple   productions, 
which  have  been  held  with  comparative  firmness  in  view  of  the 
reduced  supply  in  first  hands.    A  break  is  to  be  noted  in  fine 

bleached  shirtings — which  have    been  held   relatively  too  high 

and  New  York  Mills,  Wamsutta,  Utica,  Nonpareil  and  Fruit  of 
the  Loom  lOOs  were  reduced  by  agents  to  14c.  less  a  trade  dis- 
eount.  Brown  shirtings  were  in  fair  demand  and  steady  with 
the  exception  of  Appleton  A  standard  sheetings,  which  were 
closed  out  to  a  Philadelphia  jobbing  house  at  9  cents.  Cotton 
flannels,  corset  jeans  and  satteens  were  the  moat  active  cotton 
goods  in  the  market,  and  the  supply  continues  light.  Ticks, 
denims  and  cheviots  moved  slowly,  and  rolled  jaconets  were 
quiet.    There  was  a  steady  demand  for  grain  bags,  cotton  batts 


carpet  warps,  and  domestic  twines,  although  transactions  were 
individually  light.  Print  cloiha  were  more  freely  taken  by 
printers,  and  sales  to  a  considerable  apgre»aie  amount  were 
effected  at  4J@44c.  for  standard  and  extra  04x64  cloihp.  Prints 
were  dull  and  unsettled,  and  all  mourning  prims  were  reduced  to 
7^.  as  were  Manchester  Mills  fancy  and  plaid  styles.  Ginghams 
and  plaid  cotton  dress  goods  wore  in  g-md  demand,  and  are 
closely  sold  up  to  production  in  all  the  leading  makes. 

Domestic  Woolen  Goods.— There  ha?  been  an  irregular 
movement  in  domestic  woolens,  and  sales  of  heavy  weights  were 
checked  by  the  mild  weather  which  prevailed,  which  also  had  a 
depressing  influence  U|>on  flannels  and  blankets  Beavers  were 
in  good  demand  for  both  clothing  and  cloaking  purposes,  and  the 
supply  in  agents' hands  has  been  essentially  diminished.  Fancy 
cassimeres  were  quiet  and  sel-ciiona  were  made  in  small  lots, 
except  in  the  case  of  Harris'  Kprlog  weights  a  large  line  of  which 
was  closed  out  at  low  fijjures  to  a  promim-nt  cloth  jobbing  firm. 
Worsted  coatings  were  fairly  active  in  both  liaht  and  heaTy 
weights.  Jeans  and  natioets  remained  quiet  and  cloths  and 
doeakins  were  in  light  demand.  R-pellents  showed  an  improve- 
ment alike  in  price  and  demand  and  some  lavorite  makes  of  blues 
and  fancies  were  subjected  to  an  advance  of  from  12^(315  percent. 
Flannels  moved  in  small  quantities  at  current  prices  which  have 
been  strengthened  by  *he  late  auction  sale  of  these  goods ;  but 
blankets  lacked  aciivity.  Dress  goods,  skirts  and  shawls  were  in 
steady  request. 

Foreign  Dry  Goods. — So  tar  as  importers  are  concerned,  the 
bulk  of  the  Fall  trade  has  been  accomplished,  and  their  repre 
sentatives  have  left  ior  the  European  markets  in  order  to  make 
preparations  for  the  coming  season.  Business  has  been  light 
throughout  the  week,  but  values  have  been  fairly  maintained, 
although  concessions  have  been  freely  offered  on  costly  fancy 
dress  fabrics  which  cannot  saf-Iy  be  carried  over  to  another  sea- 
son. Cashmeres,  merinos  and  drap  d'e'e  have  been  in  fait 
request  and  firm,  and  black  and  colored  drcsj  silks  have  moved 
steadily.  Silk  and  cotton  velvets  have  been  mure  active  and 
there  has  been  a  moderate  distribution  of  bonnet  and  sash  rib- 
bons. Linen  goods  remained  qnt>:t  and  there  was  no  movement 
of  importance  in  white  goods  or  laces.  Shawls  were  distributed 
in  fair  amounts  through  the  auction  rooms,  including  a  line  of 
"  Bideau "  Paris  broclie  makes  which  realized  tolerably  satis- 
factory prices.  Woolen  goods  were  sluggish  in  Importers'  handa> 
but  more  active  with  cloth  jobbers. 

NVe  annex  prices  ol  a  few  articles  of  domestic  .nanufacture : 
Cotton  .Salt  Duck. 


Woodberry    and    Druid 
Mills  and  Pleetwing. 

No.0 40 

No,l 88 

No.2 36 

No.3    34 

No,4 38 

No.5 SO 

No.  6  28 

No.  7 26 


American 23  50 

Amoskeag 24  50 

Bzcelsior 27  00 


No.  8 25 

No.  9 24 

No.  10 22 

Light  duck- 
Bear  (8  oz.)  29  in..  17 
do  heavy (9 oz.)...  30 
Mont.  Ravens  29in.  19 
do          401n.  28 


Ontario  and  Woodberry 

USA  SWndard  2SJi  in. 
do  8oz.     20 

do  9  oz.     32 

do  10  uz.  24 
do  12  oz.  29 
do         15  oz.    36 

Ontario  Twl8,29in.  21 
do  36in.    28 

Kx  twl8"Polhem'B"    It 


Lewiston. . 
Franklinville. , 

Montaup 

Gianger 


25  00 

24  00 
85  00 

25  00 


Base. 

Ontario  A 

do     B 

do      C 

Powhattan  A. 
do  B.. 
do         C 


27  00 
3)  00 
St  DO 
25  00 
85  00 
40  00 


Amoskeag. .... 
do       B.... 

Boston 

Beaver  Cr.AA. 
do  BB. 
do      CC. 

Carlton  

Oolnmb'n  h'ybro 
do  XXX  brn 


Caledonia,No.7. . 
do  No.8.. 
do  No9.. 
do  No.  10 
do        No.  rO 

Ikir.&  Min,  No.  5 
do  No.  6 

do  No.  7 

do  No.  8 
do         No.  9 


20 

15 

9 

16Vi 
13X 
ll>i 


Atlantic 23  CO 

Denlnia, 

Cordis  XX  brn 


do      X  brn 

Everett    

Lewiston 

Otis  AXA 

do  BB   

do  CC        .  . 
18       Pearl  River  .  . 

17  Palmer 

Checka. 

12)i|Far.&Min.No.  10 
14  I  ParkMlll8,No.50 
16  do        No. 60 

18  I         do         No. 70 

19  I  do  No. 80 
12  I  do  No. 90 
14  I  do  No.lfO 
16  I  UnionMillH.Nu.l8 
18  I  do  No.  20 
19 


I  ax 

11>4 

20 

20 

16 

14 

12 

19 

10 


32 

H  . 
Wi 

!H 

nx 

19 
21 
15 
17 


Stark  A 

do    C  3  bnsh 

do     ii<  bush 
PhilaA 

do   P.. 

do  U. 
Casco 


Thorndike  A.. 
Uncasv'e  DCA. 

York  

Warren  AXA., 

do      BB.... 

do  CC.  .. 
Gold  Medal... 
Haymaker 


27  00 
39  00 
31  00 
SO  00 
35  00 
4U  00 
87  00 


10^ 

14 

20 

16 

It 

12 

10 

10 


Amerlcnn 10-11 

Amoskeag 13-14 

do        fancy         14 
Bates  Cheviot..  12^ 

Cordis  awning .  25-27X 

Colambian 9X 

Everett  Cheviot         15 


DirJKO 18 

H.  ET 9 

Irving 16 

Granger 23 


Empres'  6to  IS... 
Pnndleton    do    . . 


24 

24 


Strlpoa; 

Everett  heavy..         17 

HamiUon ...    13-14 

Lew'n  AA.Chev.         13 

CO         A...         12 

Ma9?ahe!<ic IS 

Oils  BK 12 

Park  Mills  Ch't         UX 

Coiton  Batta. 

Hanover 10 

Logan 18 

Jackson 30 

Honest  Iiijun 1J>^ 

Cotton  Varna. 
Sargeant  A  to  18. .  24 
Fontenoy     do  21 


Union  M.  No.  SO  17-18 

do        No.  70  12 

do        N".  80  18 

iio        No  90  14 

do       No  960  16 

do       N'>.  --(lO  16 

do       No.  700  14 

Prodigy 15 

Lewiston  A 12^ 


Thorndike  A.... 

do         B.... 

TJncasville  A.. . 

do         UCA. 

Whiltcntou  .\A 

do         U    . 

do  fancy  XX 


14 

13 
10-11 
12-13 
14 
11 
5 


Rock  Island  ..  15 

Russian 19 

Standard 1* 

Wyoming 13 

ITXr,  6tol8 94 

XXX    do     84 


xtmtk 


HUNT'S    MERCHANTS'    MAGAZINE, 

REPRESENTING   THE   INDUSTRIAL    \ND  COMMERCIAL  INTERESTS  OF  THE  UNITED   STATES. 


VOL.   21. 


SATURDAY,  NOVEMBER  6,  1875. 


NO.  541. 


C  ON  T  E  M  r». 


THB  CHBONICLB. 
Tb«  Xoreatat    ta    U«    Ixwo  I  nowKisl  Rariaw  of  Octobar. . . 

Mwkct 4tT   TkaDaMBuiMxairarortaMr 

Tb*  U.  8.  aaptoM  Conn  on  UMM  MeaMMTaMOoaaarcial 

Omit       *»\     laslbhKcw* 

A  ltou4  Curacy  >a4UMll«e-  OBsaareUl  lb4  MUeallaaaeu 

ml    New* 

Tax  UAifiLMKS'  OAzarm. 


Monej  lUrket,  U.  8.  8*carlli«a, 
JUU«*j  SMduk  OoU  MaikM, 


RawTork 

MmSomI 

TH<  OOIUIKMCIAL  THUB. 


WaoMilaaa  of  Stsek*  ka4  Boad* 
MtwTutk  Local  aMnulliM  ... 
~  BMU.  Oltr  Md 


430 
43t 

433 

4» 

4  'i 


MS  I  DfTOt 
44l|Prle« 
4481 


Cmroai. 


Tib  Comm BMCtAL  aid  rraABCiAi.  Csmoirtcui  <«  i«MM4  «••  £Mitr- 
Aijr  flMmU^,  wilA  UU  latmt  mm*  up  («  mUmight  »f  JVtfay. 


-tK 


_     rsEHi  or  iOBWximoa-rAT&iLB  la  adtaiqb. 

Tas  CoaacacuL  ikd  riiiAXcTAL  CaaoaaSia,  daUrand  kj  iiil«  M  ctlf 
aiMertbew,  sad  Ballad  to  ill  otkan: 

For  Oaa  Taar  (larladt^  pcal^a) 

_ror*isU<mlk»....7^.r/7^. ......^..■.....^...^.. 

>t0e$.    Tka  rabttakaraaaHMt  kantpoMlUalH  Baali- 
tkjrOnfta  ar  Paat  Odea  Vmut  OHaw, 
A<yrtl—i — U. 
«  ■iniUa— N  *n   pakiUbad  at  M  aaata  fm  Baa  tar  aack 
kat  wkaa  datalM  aadaca  arastiaa  far  ■«•,  ar  aari^  taitloaa.  a 


laaanloa. 

I  la 
MtoaM  katfin^M 

KMHH  W  BHtthtaS  M 

_     .       .  ■•••«•■  •! 

Tha  Lnadaa  oMea  af  Ika  Omoawxa  la  at  Na^  ■  A**«la  mat*,  Old  Broad 
aUaa(,«fearaaaM(r1pUaaaaioiaMaat  llii  fiilliiali^  lalaa 

Aeaaal8aftacrlBtlaalelkaOknakia(laeladlBBra*la(a) Al   t*. 

SUMMka^aabatriydaa  ...  I    Sa. 

viUJAa  a.  aaaa.    I  WtUIAM  B.  OAWA  A  OO.,  PaMtakafa, 

joaa  a.  fLors,  n.  f  TO  aad  81  WiUlam  tiraai,  XBW  TORK. 

roar  Omca  B<>i  4  JM. 


tV  A  aau  ai»«o*ar  la  Uralrtil  i 
caau.    Ta 


1  aseaala;  poataaaoa  I 
ltl8A 


saU  K 


CB^  AeoMdacaaataCikaOMuraaauxrAn  FiaAaciAi.  CaaomoLa— Jal r 
18«,  to  iata  Ta  for  aaia  at  tka  odkm     Alae  oaa  aatof  Hcar'aHaacaAaT* 


MAOASiaB,  ISM  lo  1871,  lUty-dirM  folaa 


JW  Tba  Mataaaa  Dayailaiaat  of  tba  C— lanwa  U   niaaaaali*  aaaec 
TaaacUl  lat«rar.a  la  Naw  York  CItr  br  Mr.  Frad.  W.  ./oaaa. 


TIB  lirilin  M  TIB  MiR  illllT. 

A  wboleaome  movement  has  been  alowly  developing' 
itaelf  in  the  money  market  for  •ereral  weeks  past,  whicli 
has  been  apt  in  opposite  ways  to  be  misanderstood  and 
miarsprBBeuted.  Certain  banks  began  in  October  to 
mark  np  tbdr  call  loans,  which  had  been  standing  at  low 
rates  throofch  the  8nmmer,  and  a  fortnight  ago  a  nam- 
ber  of  such  loans,  comprising  a  eonaidamble  aggregate 
of  capital,  were  put  up  to  .5  and  8  per  cent.  Of  coarse 
a  proportion  of  saoh  loans  was  paid  off,  but  the  rest  were 
not  paid  off;  and  a  large  som  remained  and  still  remains 
ontstanding.  These  transactions  were  at  the  fimt  re- 
garded as  exceptional,  and  seldom  were  reported  in  the 
newspapers;  bat  their  volume  has  steadily  increased,  so 
as  to  justify  the  sagacity  and  foresight  of  the  lenders, 
who  were  among  the]  first  to  discern  and  to  profit  by 
the  hardening  tendency  of  the  money  market. 

Two  opposite  views  of  this  movement  have  been  cur- 
rent in  Wall  street.    Some  persona  have  snppoeed  it  to 


bo  artificial,  and  have  ascribed  it  to  the  bears  in  the 
stock  mnrket,  who  have  been  active  in  their  prognostica- 
tions about  tbe  coming  stringency  of  money  and  abont 
the  consequent  decline  of  wpeculative  stocks. 

It  appears  to  be  quite  certain  that  the  bears  have  been 
endeavoring  to  make  urc  of  these  monetary  changes  in 
poshing  their  m.tnipulations  for  a  fall  in  the  prices  of 
fancy  stocks.  But  this  fact  offers  no  evidence  as  to  the 
origin  of  the  monetary  movemenbt  of  whose  presence  the 
speenlators  avail  tbemselveM.  An  able  general  in  a 
daoisive  battle  may  take  advantage  of  a  violent  storm 
aad  make  it  condooive  to  his  pnr}>oses,  but  if  he  did  so 
nobody  would  be  so  absurd  as  to  ascribe  to  him  any- 
thing but  the  skill  with  which  he  availed  himself  of  its 
fury.  So  in  the  loan  market  at  present,  the  bears  may 
have  made  adroit  and  skilful  use  of  the  upward  turn  in 
rates,  but  they  have  been  able  to  do  very  little  indeed 
towards  producing  the  monetary  changes  by  which  they 
have  profiled.  The  truth  is,  the  financial  situation  ia 
aoeb  Uiat  the  wonder  is,  not  so  [much  at  the  rate  of 
intareat  having  gone  np,  as  that  the  riseiias  not  been 
mora  dMinTe  and  more  general.  Some  time  ago  we 
dirwtcd  attention  to  two  circumstances  which  may  help 
«•  DOW  to  explain  the  recent  changes  in  the  rate  of  inter- 
••I.  One  is  tbe  accumulation  of  capital  in  the  banks,  sav- 
ings institutions,  and  in  other  credit  institutions  all  over 
the  country,  in  conseijuencc  of  the  economies  which  for 
moatha  past  our  people  have  been  practising.  Such  ac- 
ctunnlations  of  floating  capital  are  a  sure  basis  for  a 
more  or  less  active  recuperation  in  the  activity  of  bnsi- 
ncML  Secondly,  we  have  arrived  at  the  critical  season  of 
the  year  wherein  these  tendendea  to  recovery  are  most 
likely  to  show  signs  of  their  preaence  and  force.  In  the 
industrial  and  commercial  revival  thus  developing  we 
have  a  suggestive  explanation  of  the  changes  in  the  rate 
of  intereiC  Money  has  been  shipped  to  move  the  crops 
md  ilw'T^uitiktimtl  activity  in  all  the  channels  of  the 
ctrenlatioB  haa  thos  reacted  upon  the  monetary  centres 
of  the  country.  The  movement  being  perfectly  whole- 
some aad  natnral  in  its  character,  offers  new  promise 
of  a  general  improvement  of  more  or  less  value  in  the 
state  of  commerce  and  trade. 

Many  other  reasons  will  occur  to  every  practical  mind 
to  demonstrate  that  tbe  recent  movement  in  money  is 
not  wholly  or  chiefly  the  result  of  artificial  manipulsa 
tions  on  the  part  of  the  stock  speculators,  whatever 
efforts  those  ingenious  gentlemen  may  have  made  to 
create  trouble,  to  foster  apprehension,  or  to  excite  public 
diatmst.  Bnt  there  is  an  opposite  class  of  thinkers  whom 
w«  mnst  equally  disbelieve.  They  imagine  that  we  are  at 
the  beginning  of  a  stringent  period  in  the  money  market, 


4:'28 


THE   CHRONICLE. 


I  November  (5,  lbf5. 


resembling  those  yearly  autumn  spasms  which  from  1868 
to  1873  seldom  failed  to  visit  us  about  the  month  of 
November,  and  to  continue  for  some  time  with  little 
intermission.  These  observers  seem  to  ns  to  mista^ 
altogether  the  signs  of  the  times.  ITiey  interpret  wrongly 
the  stringency  of  the  fall  of  1873  and  of  previous  years, 
and  thoy  are  equally  unfortunate  in  regard  to  the  i)r(;sent 
monetary  situation.  In  the  seven  years,  1867  to  187-'i,  a 
prodigious  amount  of  floating  capital  was  converted  into 
fixed  capital  in  railroads  and  other  works.  It  was  tlie 
want  of  this  floating  capital,  thus  drained  out  of  tire 
financial  and  industrial  system,  which  cbieiiy  made  the 
trouble  that  culminated  in  the  panic  of  1873.  Xo 
such  drain  is  now  at  work  in  the  vitals  of  the  industrial 
organism.  On  the  contrary,  our  condition  is  just  the 
opposite.  It  is  one  of  the  most  hopeful  symptoms 
of  financial  recuperation  that  the  stores  of  floating 
capital  are  everywhere  augmenting.  In  this  increase  of 
floating  capital  we  see  both  a  cause  and  a  proof  that 
the  present  salutary  movement  of  the  money  market 
toward  higher  rates  has  in  it  very  little  suggestion  of 
stringency  and  none  at  all  of  spasmodic  trouble.  Of 
the  probable  rate  of  money  in  the  early  future  it  is 
impossible  to  speak  Avith  any  positive  certainty.  Some 
shrewd  lenders  have  been  making  time  loans  on  govern- 
ment securities  at  low  rates,  showing  either  that  govern- 
ment collaterals  are  scarce,  and,  if  insisted  on,  have  to  be 
got  by  a  concession  in  rates,  or  else  that  these  lenders 
think  that  the  rates  of  money  will  fall,  so  that  in  a  period 
of  90  days  they  will  be  able  to  gain  as  much  by  a  steady 
low  rate  as  by  taking  the  chances  of  the  market. 

This  view  of  the  case  obviously  implies  that  the 
activity  in  general  business  will  not  be  kept  up,  but  will 
diminish  from  its  present  level.  In  support  of  this 
anticipation,  the  bankers  in  question  rely  much  on  the 
fact  that  in  some  leading  departments  of  business  the 
merchants  are  selling  goods  without  profit,  so  that 
the  present  activity  lacks  one  of  the  chief  elements  of 
sound,  safe  promise  for  the  future. 

How  far  this  apprehension  may  be  well-founded  and 
to  what  specific  branches  of  trade  it  more  particularly 
points,  we  do  not  deem  it  needful  to  point  out  at 
present.  But  it  is  certain  that  there  are  enterprising 
merchants  among  us  who  think  it  more  for  their  interest 
to  sell  some  goods  below  cost  than  not  to  sell  at  all. 


THE  U.  S.  SUPREME  COURT  ON  USURY, 

As  we  lately  announced,  the  usury  question  has  come 
up  in  the  Supreme  Court  of  the  United  States.  The 
decision  was  rendered  25th  October.  The  case  was  that 
of  the  Farmers'  and  Mechanics'  National  Bank  of  Buf- 
falo vs.  Dearing,  and  the  opinion  was  read  by  Mr.  Justice 
Swayne.  This  case  came  before  the  Court  on  a  writ  of 
error  from  the  Court  of  Appeals  of  the  State  of  New  York 
which  some  time  ago  had  nonsuited  the  bank  in  an  en- 
deavor to  recover  the  principal  of  a  note  dated  2d  Sep- 
tember, 1874,  for  $2  000.  This  note  was  payable  one 
month  after  date  and  was  made  by  the  defendant,  Peter 
C.  Dearing,  for  whom  the  plaintiff  bank  discounted  it  at 
the  rate  of  10  per  cent  per  annum.  This  discount,  taken 
i^j  advance,  was  $18  33,  so  that  the  proceeds  paid  to  the 
defendant  were  $1,981  67.  Hence  it  appears  that  the 
usurious  excess  above  the  legal  rate  of  7  per  cent,  was  ex- 
actly $5  50.  Such  being  the  facts,  the  defendant  pleaded 
usury,  alleging,  that  the  agreement  for  the  discount  of 
the  note  was  corrupt  and  illegal,  and  that  under  the  laws 
of  New  York  the  whole  debt  was  forfeited. 


On  the  other  side  it  was  argued  that  the  plaintiff,  as  a 
National  bank,  was  exempted  from  the  Usury  laws  of 
the  State  of  New  York,  and  that  under  the  30th  section 
of  the  National  Bank  act  a  much  lighter  penalty  was 
attached  to  usury — the  penalty  of  a  forfeiture  of  the 
interest  taken  on  the  note  when  it  was  discounted.  The 
bank  consequently  claimed  the  amount  actually  advanced 
to  the 'defendant,  *1,981  67,  with  interest  on  that  sum 
from  5th  October,  1874,  the  time  when  the  note  became 
due.  We  are  thus  particular  in  specifying  the  precise 
details  of  this  suit  because  it  forms  a  great  test  case,  and 
the  bank,  it  is  said,  has  obtained  a  favorable  decision 
from  the  Supreme  Court  of  the  United  St.ates  on  every 
point.  The  full  report  of  the  opinion  has  not  yet  been 
published,  but  some  of  the  papers  have  been  placed  at 
our  disposal  by  the  courtesy  of  the  counsel,  and  we  are 
therefore  able  to  give  our  readers  detailed  information 
about  the  case. 

The  main  question  at  issue  was  whether  a  National  bank 
is  subject  in  this  State  to  the  statute  penalty  of  usury 
under  the  law  of  the  State  of  New  York,  notwithstand- 
ing the  act  of  Congress  passed  3d  of  June,  1864,  and  not- 
withstanding the  act  of  the  Legislature  of  the  State  of 
New  York  passed  in  1870.  In  the  first  of  these  acts — 
that  of  1864 — Congress  declared  that  the  penalties  of 
usury  incurred  by  a  National  bank  shall  be  a  forfeiture 
of  interest  only;  while  in  the  other  law — that  of  1870 
— our  State  Legislature  declared  that  State  banks  should 
be  subject  to  no  higher  penalty  for  usury  than  the 
National  banks.  In  consequence  of  these  two  statutes, 
the  plaintiff  argued  that  the  old  usury  legislation  with 
its  barbarous  penalties  was  wholly  abolished  and  over- 
thrown so  far  at  least  as  the  National  banks  and  th  e 
State  banks  are  concerned.  Two  reasons  were  given  in 
support  of  this  view.  In  the  first  place  Congress  has  the 
power  to  establish  a  bank.  This  obvious  principle  has 
so  long  been  settled  that  its  constitutionality  is  not 
here  disputed;  it  is  one  of  the  fundamental  principles 
of  our  financial  jurisprudence.  But  if  Congress  has  the 
constitutional  power  to  establish  National  banks,  it  has 
the  power  secondly  to  prescribe  the  rate  at  which  the 
banks  may  perform  the  most  important  of  their  func- 
tions, that  of  discounting  paper,  and  this  power  carries 
with  it  and  implies  the  right  to  prescribe  the  effect  or 
penalty  of  taking  or  reserving  a  greater  rate 
of  interest.  In  support  of  these  arguments  it  was 
shown  that  the  Supreme  Court  of  Massachusetts  had 
held  in  two  recent  cases  that  the  United  States  usury 
law,  in  the  30th  section  of  the  National  Bank  Act,  super- 
sedes the  usury  laws  of  New  York  so  far  as  concerns 
National  banks.  Of  these  cases  the  firet  is  that  of  the 
Central  National  Bank  of  New  York  vs.  Pratt,  115  Mass. 
Reports  539,  and  the  other  is  that  of  Davis,  Receiver  of 
the  Ocean  National  Bank  of  New  York,  vs.'  Randall. 
Precisely  the  same  view  has  been  taken  by  the  Supreme 
Courts  of  Pennsylvania  and  Ohio,  as  well  as  in  the  courts 
of  other  States.  Even  in  the  State  of  New  York  the 
weight  of  judicial  opinion  in  cases  of  this  kind  is  that 
the  interest  only  is  forfeited.  The  only  court  in  the 
United  States  that  has  decided  otherwise  is  the  Court  of 
Appeals  of  the  State  of  New  York,  which,  in  the  case 
here  under  review,  and  in  some  others,  adjudged  that  the 
entire  debt  is  forfeited.  The  reasoning  on  which  rested 
these  old  decisions  of  the  Court  of  Appeals,  we  lately 
reviewed  and  need  not  here  repeat,  now  that  the  decision 
of  the  Supreme  Court  of  the  United  States  has  been  pro- 
nounced sustaining  the  opposite  view  of  the  law. 

In  a  practical  point  of  view,  the  information  desired  by 
the  public  turns  chiefly  on  one  or  two  questions.     They 


November  6,  1875.] 


THE   CHRONICLR 


429 


wish  to  know  what  is  now  the  exact  stita  of  the  law  of 
osary  in  New  York,  and  what  the  Legislature  of  the 
State  can  and  ought  to  do  in  the  matter.  With  regard 
to  the  present  condition  of  the  law  as  modified  by  the 
iKii-'ion  before  ns,  we  may  say  first  that  the  heavy 
jiciiaiiiea  of  the  old  usury  State  law  continue  in  their  full 
force,  eicept  that  the  banks  are  exempted  from  their 
operation.  What  these  penalties  are  we  have  often 
explained.  Both  the  principal  and  the  interest  of  a  nsn- 
rioua  loan  arc  forfeitable,  and  the  usnrious  lender  is  also 
punishable  by  imprisonment  for  misdemeanor.  Oar 
tmst  oomp.inies  and  all  private  citizens  who  lend  money 
are  still  exposed  to  these  penalties  if  they  charge  more 
than  7  per  cent,  a  year  for  their  loans.  It  is  only  the 
banks  that  are  exempted,  and  they  incur,  if  they  make 
usurious  loans,  the  liijhter  penalty  prescribed  in  the 
National  Bank  act.  There  is  for  them  no  forfeiture  of 
principal ;  but  if  they  make  a  usurious  loan  the  borrower 
may  refuse  to  pay  the  interest  when  it  falls  due,  and  if 
the  interest  has  been  taken  off  in  advance,  he  can  recover 
in  an  action  for  debt  twice  the  amoont  whidi  has 
been  so  charged  and  deducted  for  nsnrioas  interest. 
Hence,  in  the  foregoing  case,  the  Farmers'  and  Me- 
chanics' iiank  can  compel  Dearing  to  pay  the  money 
they  lent  him.  And,  on  the  other  side,  Dearing  can 
bring  suit  and  recover  twice  the  amount  of  the  intenst 
deducted  whon  his  note  was  discounted.  This  sum,  a/> 
we  haye  said,  was  tlS  83;  so  that  Dearing  oao  recover 
$30  68  if  he  choosetfto  go  to  the  truuble  and  expense  of 
a  vexations  action  of  debt,  the  odium  of  which  very  few 
persons  wouli!  be  willing  to  incur.  The  remedy,  there- 
fore, is  wholly  inoperative  on  iu  penal  side,  though,  by 
its  indirect  action,  it  may  certainly  pat  some  cheek  upon 
usurioos  transactions. 

Such  is  the  nsnry  law  of  this  Sute  in  its  latest  develoj)- 
ment.  The  banks,  both  State  and  National,  are  favored 
inttitntionit,  and  are  relievetl  /rora  the  heavy  penalties  of 
nsnry  imposed  by  the  old  .State  legisl«tion;  while  tlir 
great  body  of  the  people  are  still  exposed  to  the  full 
force  of  those  antiquated  and  misohievona  forfeitures.  It 
has  been  estimated  that,  mortgages  excepted,  three- 
fourths  of  the  money  loans  in  this  State  are  made  by  the 
banks.  On  this  basis  It  wfuld  appear  that  on«-foarth 
of  the  money  borrowed  and  lent  among  na  is  hampered 
and  restricted  in  its  movemen'.s  by  fettera  and  pen- 
alties, from  which  the  other  three-fourths  are  now  set 
free.  What  now  remains  to  be  done  is  to  emancipate 
this  imporUnt  minority  of  our  lenden  of  money, 
and  to  raise  them  to  the  same  level  of  privilege 
which  is  enjoyed  by  the  majority.  Let  as  not  have 
<»e  nsnry  penalty  for  the  banks  and  another  for  the 
rest  of  the  community,  but  let  us  treat  all  leoders  of 
money  alike,  making  all  equal  before  the  law. 

This  brings  as  to  the  inquiry  suggested  above  as  to  what 
the  legisiatare  at  A  •  •  .,.,ld  do  next  winter.    Th^rc 

ean  be  little  donbt  t  .^ury  question  will  be  brought 

forward  early,  and  it  in  of  the  highest  importance  that  it 
should  be  wisely  and  finally  adjusted.  This  settlement 
ought  to  be  an  ewy  task.  It  can  be  effected  by  a  simj.le 
sutute  to  extend  the  provisions  of  the  New  York  statute 
of  April,  1870  (Uwsof  1870.  chapter  16.1),  which  exempU 
the  Sute  banks  from  all  u^ury  penalties  except  such  .is 
apply  to  National  banks.  The  principle  and  scope  of 
this  bill  need  simply  to  be  extended  so  as  to  include  in 
the  same  privilege^  not  only  the  Sute  banks  bat  all  other 
lodmof  money,  a,  •  i  joct  in  view  will  be  at  once 

Mooaplnbed.    We  -  n  have  one  nniform  usury 

law  m  this  Sute,  and  a  mischievons  anomaly  in  our  finan. 
cial  legisUtion  will  be  swept  from  the  sUtute  book,  to  the 


great  relief  of  our  farmers,  merchants,  industrial  men, 
and  other  borrowers  of  money. 


A  SOU.ND  CURRE\CY  AND  THE  FIECTIOSS. 

One  carelessly  reviewing  the  election  returns  of  the 
past  week  would  fail  to  see  any  principle  pervading 
them;  yet  there  is  such  a  principle,  and  a  little  reflection 
makes  it  not  only  apparent,  but  shows  that  it  was  pro- 
nounced under  circumsunces  which  give  it  peculiar  em- 
phasis. 

There  are,  no  doubt,  many  circumstances  which  have 
during  late  years  contributed  to  make  the  business  com- 
munity restive  and  dissatisfied.  They  are  tired  of  the 
burdens  under  which  they  labor.  Before  the  war  the 
National  problem  was  made  up  of  the  following  facts: 
Population,  30,000,000;  Government  expenses  (Poet 
Office  Department  included),  about  180,000,000,  omit- 
ting $18,000,000  interest  on  debt;  now  (1875)  the  cor- 
responding facU  arc:  Population,  40,000,000;  Gov- 
ernment expenses,  #210,000,000,  including  postal  de- 
partment and  not  including  $104,000,000  interest  on 
debt.  Here  is  an  increase  of  25  per  cent,  in  population 
and  of  over  160  per  cent,  in  expenditure.  This  same 
relative  increase  of  expenditure  runs  through  the  entire 
<  Government  sysUm  of  the  country,  whether  state,  city, 
i-ounty  or  town,  and  is  weighing  down  the  business  of 
tvery  man.  With  such  conditions,  then,  the  universal 
s«nh  has  been  how  to  return  to  a  sUte  in  which  the 
ezpeoae  account  i-an  be  clipped  of  all  unnecessary 
chaigea. 

If  we  analyse  and  reduce  to  ita  simplest  elements  this 
eohanccd  burden,  we  find  it  mainly  made  up  of  inflated 
and  disturbed  values,  extravagance  and  corruption  more 
bold,  prevalent  and  defiant  than  tliis  country  has  ever 
before  witnessed.  A  good  illustration  of  the  latter  is 
seen  in  the  wonderful  facts  the  Governor  of  New  York 
has  been  instrumental  in  bringing  to  light  connected 
with  oar  canal  system.  But  this  is  merely  an  illustra- 
tion, for  daring  the  past  two  years  the  air  has  been  full 
of  the  dcvelopmcnU  of  official  malpractice,  until  they 
•re  so  common  that  special  inst.inccs  have  ceased  to 
attnet  special  notice,  the  public  having  become  seem- 
ingly indifferent. 

This,  however,  is  only  an  apparent  indifference  to 
fimd  ;  it  is  not  real.  Never  were  the  people  so  awake 
to  the  subject,  so  determined  to  purge  the  public  service 
and  punish  the  wrong-doers.  But  the  truth  is,  the  pre- 
vailing oi&cial  extravagance,  snd  this  disease  of  corrup- 
tfaa  are  known  by  thinking  men  to  have  a  common 
fMrentage  with  the  inflation  and  disturbance  of  values. 
We  cannot  be  unmindful  of  what  we  have  passed 
through  so  recently;  and  to  call  for  honesty,  for  fru- 
gality, for  the  lo|>ping  off  of  all  unnecessary  oflicials, 
ftr  %he^  educing  of  pvery  department  to  its  lowest 
wording  force  and  the  total  divorce  of  the  Government 
from  jobs,  while  at  the  same  time  asking  for  another 
flood  of  cuirency,  are  l»elieved  to  Ihj  totally  inconsistent 
objects,  both  of  which  at  one  time  are  impossible. 
This  conclusion  is  irresistible,  for  we  have  had  the  ex- 
perience and  dread  its  repetition.  Or,  if  we  were  with- 
oat  experience,  a  simple  study  of  the  Ohio  orators  and 
newspapers  which  advocated  increa.sed  currency,  would 
convince  any  one.  When  a  party's  watchword  is  "coupon 
dippers"  and  their  stock  iu  trade  the  proposition  to  pay 
off  debts  in  greenbacks,  and  their  highest  aim  the  injury 
of  what  they  call  capitalists,  one  can  easily  see  that  the 
sense  of  honor  of  its  leaders  and  followers  mnst  be  slightly 
blunted,  and  that  honesty  and  economy  would  be  mere 


430 


THE   CHUONICLE. 


[Nov.mber  6,  1875. 


by-words  were  such  principles  dominant.  Hence,  that 
Ohio  election  and  platform  and  the  principles  and  writ- 
ings of  the  inflationists  there,  so  impressed  the  conserva- 
tive elements  of  the  country,  that  every  other  issue  was 
lost  in  the  one  purpose  to  settle  those  questions  forever. 
And  this  was  done  notwithstanding  the  belief  the  people 
still  entertain,  that  our  tax  system  is  very  complicated 
and  burdensome  ;  that  expenditures  are  extravagant  and 
should  be  greatly  reduced  ;  and  that  our  Civil  Service  is 
sadly  out  of  joint.  These  things  cannot,  however,  be 
remedied  while  the  policy  of  inflation  is  pursued. 

Keeping,  then,  these  ideas  before  us,  we  may  easily 
understand  what  voters  in  the  several  States  did 
last  Tuesday.  They  were  suspicious  of  the  very  name 
of  the  party  which  had  so  lately  assumed  such  objec- 
tionable doctrines,  and  they  trusted  it  nowhere.  In  this 
State  one  exception  was  made.  We  have  a  Govenior 
who  has  been  trying  to  purge  our  canal  system  of  worse 
pollution  than  the  old  Augean  stables  harbored.  A  vote 
of  confidence  and  support  has  been  given  him,  very 
large  and  gratifying,  when  we  consider  that  all  those  he 
has  been  pursuing  were  his  most  interested  opponents. 
Mississippi  also,  under  a  Conservative  organization,  has 
been  able  to  shake  oflf  the  harpies  which  have  so  long 
been  sucking  out  her  life's  blood,  a  result  which  will 
rejoice  every  friend  of  good  government.  In  a  word, 
wherever  the  people  could  strike  coiTuption  without 
giving  the  slightest  countenance  to  the  advocates  of  an 
unsound  currency,  they  have  done  so. 

The  moral  is  quickly  told.  Inflation  and  honesty  are 
opposites,  and  the  people  know  it.  And  they  also  know, 
and  have  emphatically  stated,  that  the  only  road  to 
prosperity  is  through  a  return  to  a  safer  and  more  stable 
currency  basis.  Hereafter,  politicians  wlio  seek  success 
are  likely  to  presume  on  some  intelligence  in  voters. 


FINANCIAL  REVIEW  OF  OCTOBER. 

The  month  of  October  was  marked  by  a  hardening  tendency  in 
money  on  a  considerable  decrease  in  ci'y  bank  reserves ;  a 
moderate  business  in  Qovernments  and  other  investment  secari- 
ties;  deprespioQ  in  speculative  stocks  in  the  early  part  of  the 
month  fullowed  by  a  recovery  towards  the  close  ;  firmness  in  the 
price  of  gold  and  high  rates  on  loans,  in  consequence  of  the 
scarcity  of  cash  gold ;  and  depression  in  the  rates  for  foreign 
exchange  as  a  result  of  the  gold  movements. 

In  the  money  market  there  was  a  material  advance  in  rates  on 
call  loans,  particularly  in  loans  at  the  banks,  and  in  the  last  part 
of  the  month  there  were  few  of  the  latter  made  below  C  per 
cent.,  while  money  from  day  to  day  was  generally  obtained  in  the 
"  street"  by  stock  broker.s  at  3@i  per  cant. 

Government  securities  were  pretty  well  maintained  on  a  good 
demand,  except  so  far  as  their  prices  were  temporarily  afffcted  by 
the  fluctuations  in  gold  ;  a  scarcity  in  supply  was  shown  when- 
ever any  inquiry  was  made  for  large  lots. 

CLOSIKO  PRICKS  07  OOVBRNMENT    SBCDRITIEA    IN   OCTOBER,  1S7S. 

, Coupon  bondR.' , 

5s  '81  fund.  6e'81  66'81  5-208  5-3(i8  5  203  5  ans  5-2C8  10-40s  10-409    Ss 
Oct.  conp.    reg.  coup.  1!:G1.  18M.  1865.  1867.  1868.    reg.  conp.  cur. 

new. 

1 118V  121H     119>»-  150«  121«  11654     ....  124^ 

S 121X      119K      ...  laOJi     ....  116X     

3 S •. 

4 —  iisji  I2i3<    ....  ii»K    ....  r.flv  laiiK  «iJi   ....  ma  liiii 

8 Ul'A  12.3K  11%  liy>i  litji  121 

« liax    iisK    ....  12151- iicx  inx    .  .. 

7 118      laiJi     119«  120>i'  121V  I16X  111>i  12iw 

8 ..  118X  121j>i  J23K  119,V    ...     nuji  laox  121>i    

» 121X    IISK  li»  120K  ....  116X  117X    .... 

10 8 


11 119        ....  UR%  iiOii     

12 Uifi  121      128X     ....  119^  118)i  11»H     ....  H5X 

12 1!«X     ....  115X 

U 119X119      120>i  120%  H5V 

IB 117X121      mv  11»«     HI      118X 

18 inx    119X    

17 S 

18 J  nji  121V  123V  119        .     ■     .-. . .  120V  laiX  115« 

19 !17X     120V     

20..... mx     ....  122Ji     ....119X119      ISOV      ..     ... 

81 lIRJi  121         HS)i  ll9^i  120«  I15K 

22 117      120X     ...     118V     ....  118.J4  11»X  ISOX     ■ 

8) 11674     119V     ....  I15V 

M -  8 

25 ISaV    J19X    

S6 HI      115V 

»7 m       119V  120V  121      ]157< 

its 111X    .■•■  inv  119V    ....  119V  121V  niH  116V 


inK 

:i7v 
lii' 


117V 

117 

ll6X 


my. 
lasv 


inv 


t23K 
123V 


-Conpon  bomK- 


Oct. 


5s  'SI  rand.  6e'81  Gs'81   B-SOs  6-2i>e  5-208  B-208  6-20s  10-40s  10-408    it 
conp.     reg.  coup.  1864.  1865.  18«5.  1887.  1868.    reg.  conp.   cur. 

121 V  122         ...  120V     !^    I2IV  lilVi  11«V    ...123V 


OLOSIIfS   PBIOXS  0»  CONSOLS  *ND  D.   S.  SEOnBlTIES  ArLOItnOH  IB  OOTOBEB. 


Date. 


.Consols  U.  S. 

for    I  5-20, 

money.  I '65  o. 


Friday.... 
Saturday . 
Sunday ... 
Monday... 
Tuesday.. 
Wtdnesd' 
Thursday 
Friday . . . 
Saturday , 
Sunday.. 
Monday. . 
Tuepduy. 
Wedne8(f 
Thnrgday 
Friday . . . 
Saturday. 
Sunday.. 
Monday.. 
Tncfdny. 


.  I!93  16-16 
.  2  9J  15-16 

.  3      

.  4'94  i-H 
.  5  94  1-IS 
y  6|9)  1-16 
..  7  93  LVie 
.  8  93  lC-16 
,.  9,93%  ■ 
..101     

..11  93i;)-i6 

. .  12  9.3  13-16 
y  1393  15-16 

..16  315-16 

17      

..18  94  3-16 

19  94  S-IB 


5-20,ll(M0 
1867.  i 


Date. 


'Consols 

I     for     I 
[money! 


106)#  :07V'104V 
lOoV  107;!4|l04V| 

:ot!v  in7v'i04Jii 
lOfi.v  107V  iniv 

1(«V  107V  l<HVl 

[tXH  imv  104V, 

10'jV  107V  IWVi 
lOnV  1U7V  104VI 


106VI107V  104K' 
106V'107V  lOtV 
x8V  107%  'M^i 
103V  lOTV  IMV 
104  II07V;104V 
103%  1107V  101V 

m'u'iinx  loiv 

103X  1II7VI104V 


Wednesd'y2''|94  1-16 
Thursday  ..21  918-16  ' 

Friday 22'94  .V16  : 

Saturaay..  2.3i91  3-16  ' 

Sunday 24     | 

Monday.. ..25|94  7-16  ' 
Tn>-eday  26  919-16 
Welnc!rt'y27i9(  11-^16 
'Thurhday  ..2sl!i4  9-16  i 
'Friday.  ...29,91J4 
'Saturday. ..SO  91 13-16 
[Sunday .31     j 

Opening :33  1.V16 

iHighest \m  13-16 

iLowest 93  I3-lf, 

ICIosing 94  13-10 

iHigh.  Tsince  95  1-16  i 

Low.  (Jan.l  91%       I 


U.  8.1 
6-20,1  5-20, 

'650.  1667.  j 

iftiv  io?v' 

10:{V107V 
103V 1 107V I 

)6iv'ifi7,v 
liny,  <07>4 
inssiiwv 
108V  10^  V 
lOiJi  108V 
103V  108V 

-•I  •••■ 

106v'l07V 

m;v  1I8X 
103V  in7H 

)03V  IMV 
108!,  109  V 
lfl3V  106V 


ICMO 


104V 
104V 
104V 
104V 

lOJV 
104V 
104V 
104V 
1((4V 
I04V 


104V 
lOIV 

104V 
I04V 
107 
K2V 


In  railroad  and  micellaneous  stocks  there  was  much  depression 
In  the  early  part  of  the  month  and  prices  declined  materially,  led 
by  the  extraordinary  break  in  Pacific  of  Missouri,  which  declined 
from  the  beat  price  of  September  about  40  per  cent.  There  was 
afterwards  a  change  in  the  speculative  tone  and  a  general  advance 
in  prices,  led  by  the  Lake  Shorn  anil  PaciSc  Mail  stocks,  which 
showed  a  rise  ot  considerable  importance. 

The  following  table  will  show  the  opening,  highest,  lowest  and 
closing  prices  of  railway  and  miscellaneous  stocks  at  the  N  ew 
York  Stock  Exchange  during  the  months  of  Sept.  and   Oct.: 

R,i1«]B  OP  STOCKS  IN  SEFTEHBSR  AND  OCTOBER. 


..  . 

•-September.- 

, 

-October. — 

, 

Railroad  Stocha. 

)pen. 

lieh. 

jOW. 

3loe. 

Open. 

Hieh. 

Low. 

Clos. 

Alt>any  A  Susquehanna 

104 

101 

104 

101 

101 

103 

101 

103 

Atlantlr.  &,  Pacific  pref.. 

12V 

13 

9V 

9% 

9 

9V 

4 

4V 

Central  of  New  Jeisey. . 

no 

HIV 

110 

niv 

108 

108 

99% 

106% 

Cenlrol  Pacific 

100 

1(0 

ICO 

100 

Chicago  &  Alton 

100 

100 

97X 

97V 

\)8 

93 

9J 

86 

do              prcf . . . 

104 

lOSV 

I03V 

104 

103% 

104 

103 

103  V 

Chicago,  Burl.  &  Quincy 

112 

iiav 

inv 

112 

111V 

112 

110% 

lllV 

Chicago,  Mil.  &  St.  Paul 

.36 

37V 

33% 

34% 

81% 

3,5% 

29% 

34 

do                 do    pref. 

62 

64V 

61% 

63V 

63% 

63% 

B8V 

62  V 

do       &  Northwest'n 

39V 

40V 

37% 

40 

S'.'^ 

40 

3:i% 

37 

do                 do    pref. 
do       &  Eock  [sTand. 

54V 

5,5% 

sav 

54 

51% 

54% 

46 

6(1% 

lOBV 

1U8V 

]0«V 

108% 

103  « 

lOPV 

2C1V 

10:-,% 

ClevcCoI.,  Cin.  ifclnd.. 

.',3 

6:1 

50 

60« 

50% 

;,iiV 

47% 

51V 

Cleve.  &  Pittsburg  guar. 
Columh.,  Chic.  4  Ind.  C. 

W4 

91V 

1-9% 

00% 

91 

91V 

88% 

90 

4 

4V 

3% 

4% 

3X 

6V 

3V 

4V 

Del..  Lack.  A  Western.. 

119V 

laa 

119% 

121% 

120 

120 

115 

118% 

Duhuque  &  Sioux  City.. 

61 

66V 

64 

66 

63 

63V 

62 

63V 

Bri3 

15V 

anv 

l.SV 

17 

l(:% 

18% 

14% 

!8% 

do  preferred 

34 

41) 

32% 
17% 

35 

85 

36 

3B 

3ti 

Hannibal  &  St.  Joseph.. 

22V 

23V 

19% 

19V 

21V 

15% 

1-V 

do              pref 

2B 

26 

SI 

22 

22% 

21 

20% 

21% 

Harlem 

134  V 

134  V 

129 

131 

129% 

132 

1»9% 

131% 

do       pref 

131% 

131% 

131% 

131V 

nilnois  Central 

98  V 

98V 

97V 

98 

'J7V 

98 

88V 

93% 

Kansas  Pacific  

13 

12 

IIV 

11V 

10% 

11 

lOV 

iOV 

LakeSho.  s,  Mich.South 

5eV 

69V 

51V 

54% 

54  V 

62% 

5:% 

62 

Marietta  &  Cin.  Ist  prtf. 

10 

10 

9% 

»V 

Michigan  Central 

63 

63 

53 

5! 

57 

63 

53% 

62V 

Mo.  Kansas  &  Texss 

.... 

6 

6 

6 

6 

Morris  &  Essex 

102V 

103% 

loa 

103V 

101 

104 

102% 

103  !< 

New  Jersey 

131V 

131  >s 

130V 

130  !< 

131V 

i3av 

131% 

132% 

New  Jersey  Southern... 

■■m 

av 

2V 

iV 

2 

iV 

•■^a 

N.T.Cen.&H.R 

losv 

105V 

101 V 

103  V 

10i% 

105 

101% 

104% 

do    N.  Haven  &  Hart. 

14iV 

144 

i4av 

114 

U4 

145 

143% 

Ui)4 

Ohio  &  Mississippi 

lHJf 

19V 

14% 

I7V 

17% 

i7>i; 

15 

16V 

do                prcf. 

40 

40 

35 

.35 

84 

82 

S! 

s;i% 

Pacific  of  Missouri 

46V 

47% 

3»V, 

39V 

88% 

38V 

7% 

10% 

Panama 

1.H4 

141 

134 

135 

13i 

136 

130 

134 

Pitts.,  P.  W.  &Chi.gnar 

100 

101 

97% 

98 

97% 

99 

97% 

97% 

Rome  &  Watertown  — 

Bav 

52V 

52% 

5iV 

BO 

50 

50 

50 

Rensselaer  &,  Sarat  go. . 

115 

115 

IIS 

1  5 

ft  L.,  .Mtcn&  T.  H.  ... 

7 

7 

7 

7 

5 

5 

B 

5 

do               prcf. 

25 

25 

S5 

25 

22 

22 

2  V 

2oV 

St.  L.,Iron  Mt.&  South. 

17 

17 

15 

16 

16 

17 

13 

14 

StLonis,  Knn,  C.  AN.. 

6 

6 

6 

6 

5 

5V 

B 

5V 

do           do     pr»f. 

30,V 

31V 

30% 

31 

27 

30 

!(4V 

27 

Toledo  Peoria&  Warsaw 

iV 

s% 

2% 

2% 

Tol.,  Wab.  &  Western.. 

5V 

7V 

BV 

7V 

6% 

!*% 

5% 

6 

do                   pref 

6% 

fi% 

r,'4 

6% 

anion  PaciBc 

72 

74  V 

«9V 

09% 

69% 

69% 

61% 

65V 

Warren       

102V 

102V 

lOiV 

102V 

itilacpllaueunn. 

Pacific  Mall 

3-V 

38% 

33% 

37% 

37V 

42 

34% 

40% 

American  District  Tel, . 

25 

25 

25 

25 

Atlantic*  Pacific  Tol... 

20 

22 

19 

20 

20 

20 

17% 

19% 

Western  Union  Tel 

78 

hIV 

75V 

7«% 

76V 

78 

73V 

71 

50 
47 

Bi 
49V 

BO 
44% 

50 
45V 

47 
45V 

47 

47 

47 
45 

47 

Consolidation  Coal 

47 

.Maryland  Ci>al 

17 

18 

17 

17 

16V 

16% 

16V 

16% 

Pennsylvnnia  Coal 

275 

275 

275 

575 

.... 

Spring  Monntain  Coal .. 

61 

61 

61 

fil 

.... 

.... 

Canton  

60 

50V 

47 

47 

46V 

4«V 

36 

88 

M'p'8aL&M.,a"s't  paid 

10 

lOV 

9 

lOV 

lOV 

lOV 

8% 

8% 

do       do  pref.  do 

lOV 

12 

9V 

11V 

11 

11 

9V 

»V 

Quicksilver 

nv 

10 

nv 

15V 

lt% 

19 

15% 

13 

do       pref  

20 

21 

20 

20% 

20 

24  V 

20 

22% 

Adams  E.xprcBs 

American  Express 

102 

102 

101 

101V 

lOlv 

101% 

99% 

lOlV 

60 

60V 

53 

5-<V 

53 

•ISV 

55% 

57% 

TTnited  States  Express. . 

4» 

45% 

43 

41! 

43V 

45 

43% 

45 

^ells.  Far  ;o  Express. . . 

77  i. 

80 

77% 

78 

78V 

7!IV 

78V 

78V 

Del.  &  Ilud   Canal 

1\>>% 

120V 

119% 

120% 

12l>% 

120% 

119% 

120 

Reno  R.  Estate,  2d  pref. 

101  V 

105V 

101% 

105V 

Union  Trust  Co 

125 

125 

125 

125 

.... 

.... 

V.  8.  Trust  Co 

300 

315 

300 

315 

Manhattan  Gas 

297V 

291V 

297% 

297% 

KewYorkOaB 

148 

148 

148 

148 

NoTem*er  6  1875] 


THE   CHRONICLE 


431 


In  gold  iLe  principal  fektare  wu  the  frreat  ■careity  o(  sapplj 
which  p^kjed  the  market  withia  easy  coatrol  of  maiiipaUton, 
and  refalted  io  a  high  premlam  and  loaning  rate*  ontil  the  23d' 
when  thure  waa  a  break  in  the  pric<<  to  I14{,  and  a  relaxation  in 
ratea  on  loaua.  Tbi*.  however,  was  not  permanent  and  a  reooTery 
was  af'.erwards  ibown. 

oocran  ov  sold  la  octobcb.  187$. 


Date. 


III 


It 


Date. 


rridar 1 

Sa>ara<j  ..  .  t 

Sandar SI 

Moodtj 4 

Tn«*<Ur 9 

We4or«dar.     • 

ThoTMUj ' 

Friilar » 

Aalaidar  .  ..  • 

Saodav 10 

Moadtj it 

TaMdar It 

V»«il«»ed«y..M 
TlMnda7....l4 


Vr'Jar 
Balardaj.... 

•aadar 

Mowtar 

TmmdMr 

Wed*  Mlar- 
Tba»d>7  .  ■ 

Fridar 

SaiBTJay.  .. 


HI    hl»% 

UT   'i::'"! 

117      ]I«H 

:i7  iie'i 
III  'lies 
IMK  iie,s 

iiii('iiii( 
ii»M  lie 

llik  ii^S 


:i7 

iirii 

liiji 

Ills 

liaii 
1I«M 

liax 
lUK 
III 

M7 


'I 


s    s 

a     e 


If 
.I< 
.« 
«l 

u:.  ,  ..,.., 
u  ubn  u«n  iifti« 


i:<!i,:8aiida7.. 
1i:k  jMoudaj. 

ToOTdar M 

U1H    WMliM*dar-.*7 
IKM  lThar»dar....n 

:US«|  Fridar « 

117     l>aiarda7....J0 

I'.ex'l^aodiy SI 

lUJilOct.,     1*75 

1814.  ... 

187* 

lS7t 

im 

UW..... 

Mt« 

IS*.  ... 

un 

i:«x  I    "     MM 

!!«4  I     ■•        

.:»■<  1 
iMXi.S'caJka.l.  1S7S 


.1 


ll»i« 
lit  I 
lloK 
'■ItX 
117 


1MI. 

Mas. 


114X  lUK  lt»X  IISH 

um  iisK  ii>K  i».s 

11»K  lUK  llS-i  116 
lieX  ll«t<  '.1«S  ll^'V 
IISK  II4M  ll^H  1I»X 
11»M  UiJilWtMtii 

:I7  l\tH  1I7k'|I«V 
:!1'X  lOIV  M'H  IlOti 

Imx  im%  iiiK  i»-u 

114  li<K  ll&X  UlJi 
lliJi  IIIM  ll>  lU 
[lUX, 111)4  ll<X  IHK 
in  ll-MK  V.i  ,lfi 
1M><  I«1S'  I40V('1MX 
IIIX  IMK  It^K  1«>X 
146  ,14»M  -.WX  :4«X 
MIHIH'M.M*     14SH 

ivs  I8U  a:xMiH 
:49x  I4BX  iM«  mx 
'tiiX  iti  ;i<aM  WH 
ut\  iiix  »7>t  iitx 


Foreign  Exchange  hnng  on  the  gold  market,  declining  wit  h 
••eh  advance  in  gold  l'>an  ratee.aod  reboaadiag  with  each  appear- 
ance ot  a  relaxation  in  gold.  In  the  extreme  deprewion  the 
qaoMtioBa  o(  leading  banker*  touched  4.77  and  431^  (or  long 
•ad  ahort  alarlln^  mpectirel/,  while  the  Mme  bills  la  broken' 
hands  sold  lower. 


roa  octoacB.  187S. 
Wdayi. 

Oet.n •.. 

"    Id  .4  TTKAITdx 
-    l«..4.7>tMCl  77M 
•*    M..4  n    ilTI 
tl..4  74M94  77 

>«.  i.is  #1  r* 

tt..4  Tf  at-'^w 

»4..   8.. 

16..4.»  ^  t»M  4 
«..4  7tM&l.i«  4 
t)..4.'»  #l.7*  4 
«>..4.T7  #4  18  t 
»..4  1l  S«  78  4 
so  4.n  24. 7J  4 
SI 8.. 


a  Ut*. 


.4.78   •4.a0M    4.8»M*4.n 


m  HIT  ITITKIEJTT  POI  OCTHBI,  187t. 

TIm  followlag  la  the  oS:ial  stateiaeat   of  the  pablie  debt  a* 
appears  from  the  book*  •ml  Treasorer**  retama  U  the  cl«ae  of 
I  on  the  last  day  of  October.  1875 : 

••bt  b««rtaK  tmurmt  !■  Omim, 


U.nmal  i«M. 
•i.Mnaof  141.. 

•a»«aaf  MIki 
••.Mtoof  UV.. 

8*,ft«aoriaK 

HjiplieCdeWbeartttrtiwKfeota tmi.mjiii  |88'Ji».tM 

TtortseeeeAnoBtetttoaeareKkleMaofhaaAiafeMfodowe:  (aXXmpon 

•Oamamjt jn md fwrtide aw pM  — lUr  ta Mmnh. 
ONI  ito  etore  lana  ef  boaiK  ttMe  to  a  lalal  of  tMaijn  af  U 


•*i<8i.8l8af  bMemi  o<r«rda< 
Kmeito' 


,  nilHJ|ML  l««tnt 
«i,llwy»«l4o«.AttJ»lytl.'«  Iotapprdoalytotee«'aetl4;»aBJW'ii4a.0«) 


■alsHtr- 


Thmtoawlalaauaat  of  everdae  deM  n4  oaMaadlK.  wkleb  kai  aeor 
>**■»■■  ■■'t*.fc£^g»«t."f  •««.*VM>iWlsalaad  Mfi.1MIMwt.  Of 
TTHi  iTtiral  ptiWMfc l«  na  Ifce  " f  lltd"  iia  taiaihe  aiwm 


V.8.    , 
QmUttkmal 
ftaetloaal  eai 


AeiborUlac 


OaMaad'c. 


JdI;  17.  VKI,  and  Feb.  It.  1881..  .. 
FebL  1»  end  Jal/  It,  Ml.  mad  Mar.  IL 

Jaaaa,  1874 

....  Jalr  iT  1884.  Hu-  S.  1181*  JbmSI 
lladlMar.*,  ■asda^ai.u.  lOO.aiXM/m, 


ef««>4>ew1atae 


l«8.707 

8n.aM.*4i 

4a.Mi.sts 

)X84a,itin 


Becapllnlatloii. 


Dear  BBiUDKe  iNTnian  u  Cooi— 

BoodiatS  per  cent 

Bjodi  at »  per  cent , 


Tbtal  debt  bearing  Interest  tn  coin 

Dkbt  B(*aii(e  iMTasiaT  ix  La  wren.  Monr— 

Navy  penaloo  fand  at  3  per  cent  

D>BT  OH  wmca  Ist.  HAa  caaaso  anoa  MATimiTT, 
Deal  aa&aaia  ao  lirrcaaaT— 

DcBia  id  and  legal  tender  notes 

CartlBeatas  of  deuoslt 

FnedoaBl  cnrrancT       

Ontiflcatea  of  told  deposited 


Total  debt  beartns  no  Interest. 


Total K  tl7,9V>,tM 


Jlm^uni 
OuUfianding. 


«I.(M.1,i9>,SVI 
t57.«H,;60 


tl,T0a,5T3.SOO 

14,000,000 
Si,8IU,leO 

$378,306,061 
6  .8811,00 
4  '.HSI.SSy 
15.616,100 

•4S0.61«,a8l 


Total  debt  prindpsl  and  Interest,  to  date,  Including  Interest  dne 
not  pf s»eBted  for  payment. . .  

Aaotmr  oi  raa  TaaasuBT— 
Oota 


Cmreacy 

Spsdal  dsDoalt  held  for  redemption  of  certiilcatst  of  deposit 
aapiOTlded  bylaw 


ipiOTi 
TMal. 


Debt  leas  amoant  la  tbe  Treasnry,  Nov.  1.  ISTS. . 
Debt,  taaa  aaooBt  la  the  Treaniry,  Oct.    1, 


um... 


tot  debt  dorins  the  past  month. 

Dseraaas  of  debt  aincuJans  4n.  1875      .. 


Interest. 


$34,019,684 

140,000 
6«1,«S0 


VKtH 


f  31, 844,  ICO 

t,a6i.7t;,SH 

78,781,488 
•.7a»,«71 

60,^80,000 


$i44,4«.ll0 
S.lls..'«»7,«ll 
t,lil.46143T 

}4,ua9,ni6 
in.«9l.614 


■■•4  to  the  Parllle 


>  the  Parllle  Railroad  ConpaBlea, 
Payable  la  laawlal  noaey. 


latareat 


Cbaiactar  of  laeaa. 


I    Intsrevt    1  law  est  I  Ualance  of 
Amoant   |    psM  by     rep  ild  by    Int.  paid 
Ontalaad'f.  TJaltad  M's  tr'nsp't'a.     by  IJ.  8. 


CsMsindae 

KaaaaPacUe 

Uatoahdle 

CsMnl  Brueh.  Daioa  Padflc. 

WsMtaPaeMe ... 

BlMBOUyaadPadle 


$SB38M8e 

M  0,000 
V.t«,MS 

1.6  a,Otio 

M70.M0 
l,88MM 


$11,017,8*1 

a.t«8.8n 

11,844.341 
781,808 
7ti,«'« 
8jt,?a8 


Tatsi   , ♦•4,8><.aii  $i».irw,4o:  »^4^4■70l  <ii.7W.io 


$I,1!W,4<>« 

l,4*<,480 

8.:8J,MK 

4I,M' 

»,at; 

10,14 


|S,839,tM 

LMI.alt 

8,l»>.80a 

788,800 

7tV  11 

878,181 


Ito  PacUe  Railml  bonda  ate  all  lasjel  and  r  ihs  aeD  of  July  1.  lau,  and 
JatoCliSI:  tbsy  are rwHatses  1  boods  In  the  dsnomlnatioat  of  8I.0I-,  •6,0'0 
and  tW,<na;  bear  •  i>«r  c>nl  lalsraat  U  catrency,  payable  January  I  aad  Jnly  1, 
aad  ■atnra  S)  yaara  fr jm  Ibalr  data. 


Catest  lUonrtarn  and  tSoinmercial  ^ncilisi)  iVfir* 

■ATBVar  ■VOHANSB  AT  LO.'VOON,  AND  ON  i.ONi>oa 
AT  I.ATB«T  DATBS. 


■XCBAltOB  AT  LONDON— 
OCTOBkJISl. 


todays. 

IBMtatbS. 


Madrid  .. 
.<<a«  York 
Blods  JaasIro 
Bskia 
SasaosAyraa. 


KaMevtdse. 
'     ibw 


88  days. 


■.SO 

•S.47M 

11.88 

18l« 

nr-ii 

81.81 

n.nx 

lf.47J< 


la.  syd. 
la.iKd. 
aa.  1IM4. 
•«.  •*<*. 

Sf!ll>(<*. 


BZCHAMQB  O*  LOMDOR. 


Oct  tt. 


Oct.lt. 


Oei.tL 
Oct.  IV 
I'spi.Sk 
Sept.  8. 
■epC  t. 


Oet.lt. 

Oct.  18. 

Oct.  r. 
Oct.  7. 
A^.  IS. 
Sept.   4. 

Oetn. 


abort, 
sbor^ 


10  days. 
Mdaya 


11.01 
11.18 
10  14 
18  18 

its!» 
ao.ST 
10  tr 


1? 


U.  10  6-l«<f. 

la.  If  14 J. 

4'.  ■■<. 

6«.  8<l. 

4<.tMd»l«.IX4 

4a.  iKd. 

*iy 


mn.Mi,'*! 


IFioB  oar  own  corrsspooisaL) 

I.OHDON.  Satnrdar.  Oct.  28,  1875. 
IMhe  eootlouance  of  the  export  demand  for  gold,  and 
to  th*  tact  that  rather  more  than  £1,000,000  haa  been  withdrawn 
th«  Baak  ol  England  daring  the  week  for  home  and  foraiga 
,  the  dlreclora  of  tbe  Bank  have  this  week  advanced 
their  rates  of  dlaconat,  and  the  minimum  quotation  ia  now  4  per 
cent.  There  haa  been  no  activity,  however,  in  the  meroaniil* 
loqalry  for  money,  the  trade  of  the  country  being  still  exceed- 
ingly quiet ;  *o  that  the  upward  movement  In  the  rates  of  dls- 
eonot  Is  almost  entirely  dne  to  the  requirements  oi  tbe  anrman 
.Mint.  It  ia  not,  of  course,  to  be  expueted  that  so  moderate  a 
charge  as  4  per  cent,  will  prevent  Germany  from  buying  what 
gold  It  requires,  and  should  tbe  present  demand  continue,  and  4 
percent,  fail  to  attract  supplies  of  gold  from  other  qusrtent.  a 
higher  charge  will  be  necessary.  Tbe  imporutions  of  gold 
during  tbe  next  two  week*  will  be  only  on  a  small  scale,  limited 
quantities  being  reported  to  be  on  paasage,  and  beoce,  If  iho 
QwriBAa  laqoiij .  coatlBoss,  bu/sis  will  hare  to  naort  to  th« 


432 


THE   (JHRONICLR 


[November  6,  1875, 


Baok.  The  Hupply  held  by  that  institutloa  is  still  considerable, 
the  total  being  £34,080,084,  against  £31.456,594  last  year.  The 
loss,  therefore,  of  two  or  three  millions  should  not  have  any 
prejudicial  effect,  as,  in  the  present  state  of  our  trade,  the  require- 
ments of  the  country  are  very  restricted.  The  liabilities  of  the 
Bank,  chiefly  under  the  head  of  "  private  deposits,"  have  fallen 
otf  considerably  during  the  week,  and  the  proportion  of  the 
reserve  to  them  is  now  aboutj  30^  per  cent.,  against  35  per  cent- 
last  week. 

The  commercial  demand  for  money  daring  the  week  has  been 
exceedingly  quiet,  and  there  is  a  disposition  on  the  part  of  the 
open  market  to  work  at  about  quarter  per  cent,  below  the  ollicial 
minimum.  The  supplies  of  floating  capital  are  ample,  being 
more  than  satficient  for  the  demand.     The  quotations  are  as 

follows : 

Percent.  (                                              Per  cent. 
4  montha' bank  bills 37i®4 

'*m: 


6  months' bank  bills 4 

i  and  0  months'  trade  bllle.  4    ^■t>i 


Bank  rate 

Open-market  rates :  I 

SOandeO  days' bills HX'^H  l 

Smonlhs'bills »S<^H  I 

The  joint  stock  banks  and  discount  houses  have  been  rather 
longer  than  usual  in  arriving  at  a  conclusion  with  regard  to  the 
rates  of  interest  they  should  allow  for  deposits.  Last  week  they 
raised  their  terms  i  to  }  per  cent.,  and  this  week  they  have  been 
augmented  i  per  cent.  Hitherto  the  rates  allowed  have  been  one 
per  cent  under  the  Bank  rate,  and,  if  the  rule  of  precedent  had 
been  followed,  they  should  now  be  3  and  3}  per  cent  for  money 
at  call  and  with  notice  respectively.  Only  2J  and  3  per  cent  is, 
however,  In  most  instances,  allowed ;  but  some  of  the  discount 
houses  give  3i  per  cent  for  money  left  with  7  or  14  days'  notice 
of  withdrawal.  The  banks  are,  no  doubt,  .anxious  about  Iheir 
dividends  for  the  current  half  year.  Their  bad  debts  have  been 
fewer,  but  they  have  been  transacting  an  unusually  small  busi- 
ness at  low  rates,  and  hence  they  are  anxious  to  diminish  the 
extent  of  their  outgoings  where  practicable. 

The  following  are  the  rates  of  interest  at  the  leading  cities 
abroad : 

Bank  Open  Bank     Open 

rate,  market.  rate,  markd 

per  cent,  percent.  percent,  per  cunt. 

4  3  Brnssels 4X       4K 

3  3  Turin,  Florence    and 

iii  Rome s 

....        6         b}i         Leipzig 6 

5  5  Genoa 5 

4X'      4X         Geneva 4>, 

New  York 

6  6@3       Calcutta fiv( 

4  3>i@iH    Copenhagen B  5 

5)s      5>tf         Constantinople 10         .  .. 

Annexed  is  a  statement  showing  the  present  position  of  the  Bank 
of  England,  the  Bank  rate  of  discount,  the  price  of  Console, 
the  average  quotation  for  English  wheat,  the  price  of  Middling 
Upland  cotton,  of  No.  40  Mule  yarn  fair  second  quality 
and  the  Bankers'  Clearing  House  return,  compared  with  the 
previous  four  years  : 

187S.  187S.  1874.  187^. 

S6,0)T,085  86,794,134  ''27,440,950  S9,-2i!).844 

6,094,1)63  3,878,839       .^,561,427  3,717,8-20 

19,463,7»-J  19,10.3,0J6     81,920.053  84,025,367 

13,856,546  18,499,360     11,740,136  !5,->(,6,095 

21,871,848  20,545,19-2     19,386,171  20,308,588 


Paris 

Amsterdam 

Hamburg 

Berlin 

Frankfort 

Vienna  an  d  Tri  este . .  . 
Madrid,  Cadiz  and  Bar- 
celona  

Lisbon  and  Oporto,. , 
St.  Petersburg 


i>4 

6ii@7 


1871. 
ClrcQlatlon,  Inclndinft       £ 

bank  post  bills 85,083,575 

Public  deposits 4,094,448 

Other  deposits 2.3,958,16.1 

Oovemment  securities.  15, 201, 048 

Other  securities 19,464,541 

Reserve  of  notes  and 

coin 11,571,691 

Coin    and  bullion  In 

both  departments 21,6.55,806 

Bank-rate Bp.  c. 

Oonsols <ii% 

Bnglish  wheat 56s.  6d 

Mid.  Upland  cotton     ..  9>fd. 

No,40  mule  yarn  fair  id 

quality Is.  IJfd. 


8,591,966     3,109,529      9,425.829    10,858,654 


19,609,051 

6  p.  c. 

98V. 

58s.  8d. 

9  13-16d. 


19,435,899 

7  p.  c. 

98>tf. 

603.  2d. 

9>td. 


Sl,4i6,!>9t 

4  p.  c. 

92«. 

438.  lOd. 

7  15-16d. 


81,080,084 

4  p.  c. 

94X. 

46a.  Od. 

7  1-16d. 


lieve  that,  with  judicious  management,  the  line  might  be  made 
in  time  to  pay  a  dividend  to  the  ordinary  shareholders.  Confi- 
dence was  expressed  in  the  management  of  the  line  in  New  Yoik  < 
Messrs.  Baring  Bros.  &  Co., and  Messrs.  Glyn,  Mills  &  Co.,  have 
Introduced  a  loan  of  £'2,i5OO,OO0  for  the  Dominion  of  (Canada.  Of 
that  amount  £1,500,000  will  be  in  bonds  bearing  interest  at  4  per 
cent  per  annum,  guaranteed  by  the  Imperial  Government,  but  the 
interest  on  the  balance  enjoys  no  like  guarantee.  Tenders  will  be 
opened  on  the  20th  inst.,  and  one  price  mu.st  be  stated  for  the  two 
stocks.  The  guaranteed  bonds  will  bear  interest  from  the  1st  inst. 
and  are  repayable  in  Oct.,  1910,  while  the  interest  on  the 
unguaranteed  bonds  will  commence  from  the  1st  of  Nov.  next. 
Not  much  publicity  has  been  given  to  the  loan,  but  as  the  public 
seek  eagerly  after  a  sound  security,  it  is  pretty  certain  that  the 
applications  will  be  on  a  very  large  scale,  while  the  tenders  are 
likely  to  bo  made  at  a  price  which  will  not  yield  a  rate  of  interest 
exceeding  to  any  important  extent  that  on  consols  or  Indian  Gov- 
ernment securities.  ,  It  was  difficult  to  convince  the  pnblic  that 
high  rates  of  interest  were  attended  with  danger,  but  they  know 
their  error  now,  and  they  fear  that  Kgypt  may  follow  in  the  foot- 
steps of  Turkey. 

Two  meetings  of  Turkish  bondholders  have  been  held  this  week 
one  on  Tuesday,  convened  by  the  Council  of  Foreign  Bondholders, 
and  one  on  Thursday,  called  together  by  Messrs.  Dent,  Palmer  & 
Co.,  who  are  interested  in  the  1854,  1858  and  1871  loans.  U'he 
conclusions  arrived  at  were  that  representations  should  bo 
made  to  the  Turkish  Government  respecting  the  guarantees  which 
had  been  given  and  the  special  hypothecations  which  had  been 
made,  a  desire  being  also  expressed  that  the  bondholders  were 
prepared  to  give  most  earnest  consideration  to  any  proposition 
which  may  be  made  on  behalf  of  the  Saltan  to  assist  him  in  his 
present  financial  embarrassment. 

The  market  for  foreign  Government  securities  has  continued 
very  unsettled,  and  Egyptian  descriptions  are  much  weaker.  Ag 
stated  above,  fears  have  been  entertained  amongst  the  investing 
public  that  Egypt  would  follow  the  course  adopted  by  Turkey, 
and  repudiate  half  the  interest  due  to  her  creditors ;  hence  the 
public  have  been  scrambling  to  get  out  of  their  stock,  which  has 
caused  prices  to  fall  very  rapidly.  No  doubt,  the  heavy  decline 
which  ha.s  taken  place  will  induce  influential  buyers  to  come 
forward,  as  there  is  no  reason  to  believe  that  Egypt  is  likely  to 
collapse  like  Turkey.  That  country  undoubtedly  possesses  more 
vigor  and  is  a  greater  producer  than  Turkey,  and  hence  more 
confidence  should  be  felt  in  her  ability  to  meet  honorably  all  her 
liabilities.  British  railway  shares  continue  to  attract  attention 
and  have  further  improved  in  value,  and  Erie  Railroad  shares 
and  bonds  have  advanced  on  the  more  hopeful  opinions  expressed 
with  regard  to  that  undertaking.  Other  American  railroad  bonds 
have  been  steady.  The  closing  prices  of  Consols  and  the  princi- 
pal American  securities  at  to-day's  market,  compared  with  those 
of  last  week,  are  subjoined  : 


Is.  1%A.     Is.  OVd. 


lOJ^rt. 
93.839,000 


..  ..         U.iiii.     

Clearing  House  return.  80,795,000  108,8J5,000  137,845.000  136,097,000 

The  export  demand  for  gold  has  continued  on  a  fairly  exten- 
sive scale,  and  in  the  absence  of  any  supplies  of  importance  in 
the  open  market,  rather  a  large  quantity  has  been  taken  out  of 
the  Bank.  Silver  has  been  in  good  demand,  and  all  supplies 
have  been  quickly  absorbed.  Mexican  dollars  have  been  in 
request  for  China.     The  quotations  for  bullion  are  as  follows  : 

«.  d. 


SOLD.  S.     d. 

BarOold per  oz.  standard ,    77  10  @ 

BarGold.flne per  oz.  standard.    77  10  @ 

Bar  Gold,  reftnable peroz.  sUndard.    78    0  a 

Spanish  Doubloons peroz.      @ 

South  American  Donbloons peroz a 

United  States  Gold  Coin  peroz © 

SILVISB.  s.     d.         B. 

Bar  Silver,  Fine peroz.  standard,  nearest.    57  a 

Bar  Silver,  con'ng  5  grs.  Gold per  07.  siandard.    67  7-16  @ 

Mexican  Dollars peroz..  last  price.    55  9-16  (a 

Spanish  Dollars  (Caroius) per  oz.  none  here.     ...         JJ 

Five  Franc  Pieces peroz ® 

Quicksilver,  £14  10s.®fl4  14s.  per  bottle.    Discount,  3  per  cent. 

A  meeting  of  Erie  share  and  bondholders  was  held  on  Wednes 

day,  to  consider  the  reports  of  Sir  Edward    Watkin,  M.  P.,  and 

Mr.  Morris.     The  former  gentleman  occupied  the    chair,  and  the 

attendance  was  numerous.    Although  the  report  of   Sir  Edward 

Watkin  was  couched  in  desponding  terms,  the  speech  he  delivered 

on  Wednesday  was  more  saoguine,  and  he  bid  his  hearers  to  be- 


Redm.       Oct.  16. 
Consols 94Ji@  9iJi 


United  States,  68 1881  109>iiail0>^ 

Do       6s 1834  ....  @  .... 

Do       6s 1885  10;J>4@104 

Do       6s 1885  105    ®I07 

0.  8. 1867,1371,346,350  iss.  to  Feb.  S7,'69,  68...  .1887  107Jiai07X 

Do       5s 1874  ....@  .... 

Do  funded,  58 1881  iai>i@104 

Bo  10-40,58 1904  104X@105 

Louisiana,  old,  6s ® 

Do        new,  6s (^ 

Do        levee,  8s (S 

Do  do    8s 18^5 

Do  do    68 

Massachusetts  5s 1888 

Do  58 1894 

Do  5s 1900 

Do  58 ...1889 

Do  58 1891 

Do  5a 1891 

Do  58,  scrip  and  bonds 1895 

VJIglnIa  stock  68-» .35 

Do  New  funded  6s 1905.    57 

AHBBICAN  I)OU.AR  BOITOS  AND  SHARKS. 

Atlantic  &  Great  Western  Ist  M.,  tl.OOO,  7s... 1908  26    ®  28        27    ®  N 

Do                     2d-mort,  »1.000,7s..l902  11    ©18         12    ©14 

Do                     3d  mort.,  $1,000 1902  5    ©    6           .1^©    6X 

Atlantic  Mississippi  &  Ohio,  Con.  mort.,  78 1905  30    ©  40         SO    ©  40 

Baltimore  &  Potomac  (Main  Line)  Ist  mort,  6s.  1911  87    ©  89         87    ©  89 
do            (Tunnel)  Ist  roortgaee,  6s, 

(guar,  by  Ponn8ylvania&No.Cent.Hailway). 1911  88    ®  90         83    ©  90 

Central  of  New  Jersey,  cons.  mort..  7s 1899  9t;)#a  97V      96    ©97 

Central  Pacitlc  of  California,  Ist  mort.,  68 1896  95    ©  97         94    ©  96 

Do  California  &,  Oregon  Dlv.,  Ist 

mortgage  gold  bonds.  6s , 1898  90 

Detroit  A  Milwaukee  1st  mortgage,  7« 1875  35 

Do                   2d  mortgage,  8s 1876  S5 


25 
25 

101 
103 
103 
1«J 
103 

las 

103 


©  35 
©  35 

@ia3 

©105 
©105 
©105 
©105 
©105 
@105 
©  40 

©  sy 


Oct.  23. 

91^®  94Ji 

109>i@110>« 

....©  .... 
103K@103« 
105    ©107 
107i(@lU7X 

....©  ... 
103«ai03X 
'.01X©105 

....a  ... 

....©  .... 
....®    ... 
©35 

@;« 

©103 
©105 

©lai 

^105 
^105 
©105 
©105 
©  40 
©  59 


25 
25 
101 
1U3 
103 
103 
103 
IftS 
103 
35 
67 


Erie  $100  shares 14 

Do  preference,  78 29 

Do  convertible  [.'"111  bonds,  78 1904  42 

Galveston  &,  Uarrishiirg,  Ist  mortgage,  6s 1911  65 

Illinois  Central,  $100  rfiarea 81 

Lehliih  Vallev,  consolidated  mortgage,  68 1923  89 

Marietta  *  Cincinnati  Itailway,  7s 1891  99 

Missouri  Kansas  &.  Texas,  Ut  mort.,  guar,  gold 
bonds,  KugUsh,  7s I9C4 


®  92 
©  45 

t45 
14K 
©  31 
©  44 
@  75 
®  86 
©  90 
©101 


89  ©  91 

35  ©  45 

35  ©  45 
151»©  1.5K 

38  ©  34 

46  ©  48 

65  ©  75 

79  ©81 

89  ®  90 

99  ©101 


48    ®  46         48    ©  46 


•  Bz  0  coupons,  January,  Wli,  to  July,  1871,  molaslvA 


JNovemb^r  6,  1876.] 


THE  OHHONICLE. 


438 


Maw  York  BoMon  *  Moaliml,  T«., 
Keir  York  CetiUBl  A  Haibon  Bir 


Rcdm.       Oct  1«. 
MM  ....•     . 

New  York  Ceatnl«100«hv>«  ^.rTT.  »1    S  W 

Or«aa  *  OklUvnte,  lal  mort.  Tt  1M  S   X» 

do      rtuUort  Coaunlt'a  Receipts,  x  ooap.  14    2  M 

PMairhBBta.  ISO  •bww nvTT  «  a  « 

1980  ...  A  ., 

)  •lura* OXOSOX 


a«t«BBi(,iao  I 


Oct.  ss. 
91    a  K 

*5  Sn 

It     S  t4 

«»;<»  40X 
....©  ... 

80    O  SI 


AtehCBT  Viller.  gov.  bj  Ptaa.  R'r  Co i»u 

AUaaUc  A  Oi.  WeMen  eoaaoL  aiort.,  Blichofl: 

«rt&(>).Ti taM 

AJaaUc  A  Qu  W^  r»«i«MliatioD  rcrlp,  1*. .  .Un4 
Da  do.  iMMd  linaa  nntaJ  iron.  Ti.ltOI 
D»  do.  do.  18T3.Ti.MM 
Do.  do.       WaUrn  aztoB.,  E« .Mm 

■iSSicr.*-^*..  ..*r..'^.f":.':'.'^.5fe 

Do  •§ ..iiat 


aexsny 


Da 

TlaMBM^ 


OMar  Biipid*  *  k  iBDMota.'?*'. 


Sklro  *  TtoMu*^  b MM     io\\eo"     jj"      is" 

SS?fei?^'rS^"»-.J^"*»«» Sills        M    Sm 


.mo  no  (  iiii 


JMacan«llbl«bOBd«.  «• ,.'....:;  ....'.WJS 

Da  eoa*.  Bort.  for  coot,  of  tzMkit  boiwl<,1(.1«0 

Da  Msosd  Biort,  Ta  

fW^Mi  CUnton  i  SglBga'clj 

'•  *  Bt  LoiUalBrUi*  !M  Bori  if r 


Arid'  iJi  martTgDU^'i* ! !  1900 

I*!MBort.ti ItOO 

w^  oa  Id  Mori-  1a 

imMri«o«tni.  iisktetac  •r^/":/.:::::]M 

Do.  do  te.  ta^ 

i»to*MijDrt*To«irt«l5tn"v:::;:Si 

UiM  TalW  eoMoL  sort. -A,"  « ._ 

lUnMo*  Okie  IM  mart.  Ti mm 

22r?ftr/.sjL!^*"'*«- ^» -mS 

"^•*>Qj]Jg2*"gi«M».  fcy  ••  D*. 

K!7o«MBilABadmKi^JtL'b;i^''M:'mi   i-l   ( 
g*f^*?!»_9"yjr?»y'  cwmqI-  ■ort,  «». . . .  »U     MJ^* 

IM* «  CSr_  T^^     S     '^    ' 

rMauliaalkaiiHil  aert.  •• ma 

-  .P*        ■BMoLriak-crud  ■«».«• tarn 

Da  Rip  ■ort..Oi MR 

-o-aSWftiELS&SSV."^" 

D«loaft«UaSiiSSM,<kMtaarldia.'^ S    S 

Da  4a  dST'    da^S."::a    S  _   ^.. 

Altl>o«chbQria«MliM  bMfl  far  boa  mxIt..  a  arm  Iom  hM 
pcmdH  the  wkwt  tM4.  dariac  U-  w^.  tad  HioUm  qwlitiM 
of  prodaw.  irbieh  an  bMomteg  lnei«Mla(ljr  matm,  m  the  old 
crop  I.  BOW  tmehing  th«  pwiod  of  nhMmatitm.  tiAV.  rwlUod  ad 
advAoee  of  U.  per  qaArtor.  Tbow  AppMi*  to  b«  bat  tiuU  doubt 
tbal  a*  tb-  r«aMo  adTUMM.  floa  dry  »b«U  will  bo  aul.  •ought 
•ftar.  A*  there  I.  A  great  acArelty  of  It.  Dot  ooly  U  tbia  eoAalrr.  I,al 
tbroAgboot  Eurot>e.  Altboagb  tbe  fket  tbat  there  to  a  lar^* 
qMamy  of  CAliroraian  prodaee  oa  pAMfe,  bat  which  U  not  duo 
forooma  lime  to  come.  miMt  bo  kept  ia  .Uw,.yet  bolder*  of 
chaieewbeAiOAi.UUljlAboU  tbeir  piodMe  witb  SmBeee.  a. 
tb«r*l«AopfaipMt«l  to  bMMtec  el^Aper.  wblle,  on  ibe  othrr 
bABd.  more  wm—amttrB  lanM  ate  likelr  to  be  oblAioed  by  hold 
laff.  We  ba^  bad  a  gtml  deal  of  rala  of  Ute,  b«t  ploAKhioK  haa 
made  eoMiderable  profreaa.  aad  tbe  fannera  Are  la  bopea  of 
■owing  tb»lr  giAln  for  the  sext  crap  aader  farorAbU  oo^IUob*. 

Tbe  followiag  flora*  abow  tbe  laiporta  Aad  esparta  ol  eereal 
prodaee  loto  aad  frooa  tba  Ualted  Klagdoa  Haea  barroat    rii 
from  Bepi.  1  to  tb*  deae of  laal  week,  compared  with  the  iorre' 
fpoadiag  parioda  ta  th*  three  pre*ioaa  yean 


Wheat. 
Bwl«7. 
OaU... 


irns. 

.CWt.  10,114,(11 


ladUaOera.J 


UN. 
1.^4M 
•Mtt 


tm. 
>.«n.w> 


M««.4« 


ijmjm 


Wbaal. 
Bul«7. 


ladUa'OM", 

Doer 


..cwv      ujm 
•• 4jttt 

MM 
.......  TJR 


tlAJIf 


fft.4M 

HIM 
MM 

MMN 


l.<M 
M.1i>« 


im. 
;.ti>,«n 

ne.4H 

4.I»4,«M 

Tn,>n 

m.m 

i.<n 

a..rs 

tc 

ttt 


t.« 


Acardlag  to  tbo  offldal  retnro,  the  aale*  of  Kogllab  wheat  in 
tba  IM  prtadpal  market*  of  Eoglaad  dariag  the  week  rodinit 
Oetoberl«ai«M«tod  to  M.»M  qaartof*.  agAlaat  56.199  qoArtem 
laM  year.  At  tUa  period  la  1874  Ikan  waa  a  rApid  blUng  off  in 
the  drliveriea  ol  kome-growa  prodaee.  owlog  to  tbe  depreeeed 
•tAt*  of  tU  trade.  The  fAnner*  were  tben  aelllDg  lerg*  qoaa 
tltt«i  of  barl-y.  for  which  there  waa  an  actWe  denuo.I  at  renooe- 
rAtire  pricw.  and  werr,  to  a  large  extent,  holding  their  wlieat  io 
tbe  hope  thai  duriog  the  Winter  there  woald  be  a  bettor  lAle  for 
t.    la  tk*  whole  KlAgdmn,  laat  week,  It  la  aaUisAted  lUt  tbe 


aalaa  of  wheat  were  214,330  quirtote,  against  334,780  quartera  last 
yeAr,  ahowing  a  decrease  of  ahout  10,000  quarters.  Since  harvest 
tkay  Are  eetimated  to  have  atnounted  to  l.:«i7,000  quarters,  against 
1,885,000  quarters  last  year,  showing  a  falling  off  of  318,000  quar- 
tera. In  addition  to  this  diminution  in  quantity,  the  quality  of 
tbia  year's  produce  is  much  inferior  vo  that  jjrown  in  1874,  and 
haoee  oar  large  imporiations  have  less  effect  in  depressing  the 
trade  than  might  have  been  expected.  Our  imports  of  wheat  and 
Soar  ainee  the  commencement  of  September  are  very  nearly 
4,000,000  cwt.  in  excess  of  the  corresponding  period  of  last  year, 
and  it  is  understood  that  the  stocks  at  the  outports  have  of  late 
largwly  increaaed.  Annexed  is  an  ealimate  of  the  quantities  of 
whoAt  forwarded  to  the  British  markets  since  the  commencement 
of  September : 

1875.  1874.  1878.     18TS. 

-  ■         »*_,..,        .                       ^*t-  cwt.  cwl,             cwt. 
lS2l^  J.       ."""^  b«Teet....lO,ll4.5H  «,M«l.4'»  5,471,957  7,8:«.409 

IM«rUnraoor.liiceh«rt»»t T7S.57I  li(H.)|t«  81&.«1»        TaT.SM 

aeMSOCBae.  wtieMtlMttkarreat..  S.lM,Wi  8,48S,M8  7,»77,1«U  8.407,036 

n«iIl?.*f,A;i;;-f-v;-i:.- •••''•"*•'*"  wi**^"  i4,wi.s44  iii,9st.88a 

nedttct  ezporta  of  wbeat  aud  floor.       67,«M         T8.0T8        818,IW         ai|<«S 

.«*K'LiJV-----;y 16.9S4,8M    15,375,811    "iJltajTI     16.ft»0,485 

AVipaeeor  Sag.  whati  toriaoaoo.    47*.  4d.       4li«.  5<1.     (>j«.  lOtl.       &8«.  «d 

The  sale*  of  Eogliah  barley  tbia  *eA*on  hAve  amounted  so  far, 
in  tbe  150  principal  markeU,  to  only  113,753  quarters,  against 
388,461  qoATtora  laat  year.  In  the  whole  Kingdom  it  is  estimated 
that  they  bAve  been  only  451,000  quarters,  againat  1,334,000 
qaartora.  showing  a  decrease  of  883.000  quartera.  The  aeason'a 
imperto  have  been  only  1,048,048  quarters,  againat  3,540,436 
qaartera  last  year.  And  yet  the  Average  price  of  English  produce 
forUtaaeAaonUonly  34a.  5d.,  againat  43a.  Id.  per  quarter  laat  year. 

■Mdlah  .Varket  Keporta— Par  Oabla. 

Tbedaily  eloeiagqaotAtionainthe  marketaol  lA)ndon  and  Liver- 
pool forth*  pA*t  weak  hAve  been  reported  by  CAble.  aa  shown  la 
tha  followlag  aommary : 

la*d»%  Mont  and  auek  Mmrk*i.—  t\itt  ballioa  in  tbe  Bank 

a«  BigUad  bA*  demaaad  £365.000  doring  tbe  week. 

... .••»       Mob.       Toes.      Wed.       Thar.        FrI 

anMlltaraeaey »4  it-U  oi  o-ic       «4  ;i-i6    w  »  l*     <mTi« 

*"»• ««'<         "  I^        108)5         iSs  1«X 

Tktqaototloaa  for  Oaltad  8tot*a  sew  flvea  at  FrAnkfort  were: 
0.B.B*wlves H 

U*t*9*tt  0»<to»  ItarkH.    ge*  apaeiAl  report  of  cotton. 
U*»rp»»l  Bnadttut$  MarktL—  f 

aat.       Mon.     Tsea. 

—  ,_  •■  d.      a.   d.       a.    d. 
55f.ni.*?^> »bbl»4    «       *4    S       04    « 

"*        (mmA  WtntMrl  »•      1A      A 


out  W\ni,rV. '. . 
"    ipaL  Wklta  dab) 


10  0 

11  4 


10  0 

11  4 


10  0 

11  4 


Wad.  Tbor.  FrI. 

••  <•■  ••  d.  a.  d. 

•4    0  MO  14    8 

»    5        S3  OS 

10  0  10    0  10    0 

11  4  II    4  II    4 


OWBfW.  mUadiaqaartertl    S       tl    •       8|    «       si    0       SI    8       81    S 
rkaa<CaaadUal..»aaartm41    0       41    •       41    0       41    0       41    0     -41    0 

liHrpt$t  Protiait**  Mark*t.— 


Sat. 
A  d. 


•l*((aeaa)*«w«lce to   0 

ta*(auM)a*w«bM...       ■  • 
■seoa  (lone  cl.aM.)*  cwt   M   • 


1)  ... 
a  Oae) 


Urd  (Amarta 
OtoaaalAaer' 

UnrpoU  Product  MarkH.— 

Hat. 
a  d. 
(OMwoa)...  Vewt..   0  s 

_  .    HVi*) ••       to    0 

MiMsBialralaedl.. .  .«|pl       10 


Moa. 
*.  d. 
•0  0 
■  0 
•I  0 
•8  0 
M   * 


Tea*, 
a.  d. 
8*  0 
B5  0 
81  0 
•1    0 

aa  • 


Wad. 

a.  d. 

80  0 
«a  0 

81  0 
00  0 
84  0 


Thar, 
a.  d. 
00  0 
86  0 
SI  0 
SO  0 
M    0 


Vri 
A  «. 

00  0 
81    0 

01  0 
SO  0 
SO    0 


Mmi.  Taee.  Wad.  Tbor.  M. 

ad.  a.  d.        a.  d.  a.   d.  a.  d. 

08  58         58  5a  58 

10    0  IS    0  10    0  10    0  18    0 

,     .  ,              -  n                         "            "•            ">            lO  10 

iJS^tM  .«.4,    V*  «    o'^  47   V*  47    S«  4S    ^  4.*"S 

(Aa.red)..    "870      870  870  870  870  87* 

tar»aaUBe -8*8      870  170  S70  ISO  ISO 


^roduet  and  OU  Mark*U.— 

Bat.        Mod.       Taea.        Wed.  Tbor.         FrI. 

UaO*de'kalobl).9ti;IO  1*0    b  li>  10    a    10  1*0    «    JO  10  "o  fo'u^o  %*\i% 
Lbnaed(CaleQtUI..  .     WO       600        800        000509        509 

•acar(Ko.»0-ehatd)  " 

•;.?«».•«»» «•         880I80         138  MB         t8S 

"ewwoll VtaaOl    OO»4OeM00    0ie0  94O0MO0 

Whalaeil "840084008400M00  8I008400 

oll....»ewt.      M«         »4«       848         S48  MB14* 


Commercial  oni  iltisccllaneous  Ncius. 


btpoara  amd  Bxtorts  for  thb  Wbrk.— The  imoort*  this 
oak  *bow  a  deereaae  In  dry  goods  and  an  increaae  la  general 
■erahaodiae.  The  total  imports  amount  to  $■'>,  1^,887  this  week 
jptaat  |8.876.05o  last  week,  and  $033520  the  previous  week! 
Tka« porta  are  |53»3JJi7  this  week,  tgaiast  f3,»83,530  laal 
w**k  and  $.>, 460,884  the  previous  week .  Tlie  exporu  of  eotton 
UM  DAst  week  were  17.008  bale*,  against  10,409  bales  last  week. 
TMioliowingarethe  imports  at  New  York  (or  week  enQinir(for 
R7  goods)  Oct.  38,  and  lor  tb*  week  ending  (for  general  mar- 
ohAadlse)  Oct.  99: 


434 


THE   CHKONICLR 


[November  6,  1375. 


roBnsH  iMPOBTei  4T  iiBW  ToiiK  voB  «■■  wnx. 
1871.  1878.  1874. 

Dry  goods ti;«l.(m         tl.3S8.6S3        t1.(K)0,S64 

Oeneral  merchandise...        M7S,484  3.i63,409  3,680.178 


1875. 

tl.849.011 
8,78  .8^6 


Total  for  tae  week..      |7,459,5U        $4,5*8.099         $4,770,530        $5,M0."8T 
Previously  reported....     36«,ei7,200      S':3,»44,9-J3        817,415,319       277,7n,li5> 


Since  Jan.  1 $370,086,711     $a38,4l>6,015       $33S,le^779    $982,848,511 

In  oar  report  of  the  dry  i^oods  trade  will  be  tound  the  imporiBof 

dry  sfoodgfor  one  week  later. 
ThefollowiaK  is  ascatement  ot  the  exports (excIasiTe  of  specie) 

from  the  port  of  New  York  to  foreign  ports,  for  the  week  ending 

Novemt>er  2 : 

■XPOBTS  roOM  MIW   TOBK    rOB  TBI  WBBK. 

187«.  1873.  1874.  187S. 

For  the  week $9, 470,101        $5,R6i,88S         $5,236,190        $5,893,917 

Previoasly reported..  .      169,069,980      244,407,089        240,395,478        200,11)8,442 

Since  Jan.  1 $194,540,084     $!eo0.359.474     $aiS,«31,598     $812,062,359 

The  followin);  will  show  the  exports  ot  specie  Irom  the  port  of 
New  York  for  the  week  ending  Oct.  30,  1875,  and  since  the 
beginning  of  the  year,  with  a  comparison  for  the  corresponding 
date  in  nre^iouB  Tf«rB: 

Oct  27— Bark  Victoria  Perez.... F orto  Cabello... Am.  gold  coin  $5C,f00 

Oct.  28— Str.  Frisia Hamburg Siiv.rbari Sl.lftJ 

Louilon  hilver  bars 1.10  (00 

Oct.  80— Str.VUIede  Paris Havre Silver  bare 68,817 

Oct.80— Str.  City  of  Montreal. ..Liverpool Silver  bars 49,2ii0 

Am.  silver  coin 5.80(1 

Oct  80— Str.  Celtic Liverpool Mexican  xi  ver  coin..       30.311 

Silver  bars 74,li3 

Oct  80— Str.  Mary  Bnrdett Ciudad  BoUTar..Am.  gold  coin 11,000 

ToUl  for  the  week $198,854 

Previously  reported 64,7.'i3,b63 

Total  since  January  1, 1876 toS/^^.^l' 

Same  time  in—  I     Same  time  In— 

1874 $44.766.895  11869 $29,248,688 

1878 44  851.850  11868 67,9»«,Bni 

1872 63.419.461  I  1867 41.S3  ,3.3S 

1871 68.2il,2i2  ,  1866 56,685,771 

1870.  64,703,235  I 

The  imports  of  specie  at  this  port  daring  the  past  week  have 
been  as  follows: 

Oct  25— Sir.  Henry  Chauncey...A8pInwall Gold  coin $1,919 

Oct  25— BrigCleta Belize Silver  co'.n 1,325 

Oct  25— Str.  C.'arlhel  Kingston,  Ja Silver  coin 3.r3 

Oct  26— Sir. Acapulco Asplnwall Silvercoln 2,4'6 

Goldcoln 4,864 

Gold  bullion 1,278 

Silver    ars 2.260 

Oct  26 -Str.  Columbus    Havana Gold  coin 9.700 

Oct  27— Str.  South  America. ...St  Thomas...  .Ooldcuin  2011 

Oct  8J— Str.  Caroudelet Laguayra ..Silvercoln 242 

Gold  coin 400 

Oct  28— Sir.  City  of  Dallas Nassau Silvercoln 1,424 

Goldcoln 5,70(1 

Oct  98— Str.  City  of  New  York.Havana Gold  Ci)ln 1.720 

Oct  29— Brig  Tula Belize Silver  coin 2.875 

Goldcoln 1,405 


Total  for  the  week  $40,9(>1 

PrevlonslT  reported 11,054.2U2 

Total  since -Jan.  1,  1875 $11,195,163 


Same  time  In' 

1869 $14,778,628 

1S68 6,S80.793 

1867 2.870.374 

1866 9,018,582 


Same  time  in — 

1874 »5,.329.555 

1878.     13,720.737 

1872 5,200,5)9 

1871 S.40i.5ir 

1870 11,108,919 

National  Trbascuy. — The  following  forms  present  a  sum- 
marv  of  certain  weekly  traasactions  at  the  National  Treasury. 

1.— Securities  held  by  the  U.  S.  Treasurerin  trast  for  National 
Bancsand  balance,  in  the  Treasury 

Coin  cer- 
For  U.  8.  ^Bal.  in  Treasury.-,    tiflcates 

DeDoslts.       Total.  Coin.       Currency,  outst'd'e 

I8,:9i,200    393,740  062    7l.9i3,412 
18,792.200    .39.1,;09,9«2      70,716,8S7 
18,792,200    3!H,580,9(i2 
18,7!)i.200    3!W,-«1,3B1 
13,792,200    312,1)01.91;; 
18,792,200    392.171,962 


70,7«,807 
70,223,690 

66,730^.316 
65,927,109 
86,921,152 

63.784,332 
70,472,506 
69,O;O,408 


2,777.811 
3,294  370 
3,491,875 
3,874,478 


22,657.  iOO 
1<J,710,700 
18,561.000 
17.510,400 


9,029,615  16.,?89,40O 
9,02.1,915  12,722,400 
1,9-23,927    12,435,000 


4,968,029 
6,716,768 
6,559,371 


12,477,100 
12,775,600 
11,662,300 


Week  For 

endine  Circulation 
Aug.  7..  374,927,862 
Aug.  14,  371.917.782 
Aug.  21.  374.788,762 
Aug.  25..  374.511.762 
Sept.  4,.  :i7f.812,762 
Sept.  I'l..  8-.3,382,762 

Sept.  18..  3;3,077,-ii2  18,792,200  3-ll,8'i9,962 
Sept.  25..  3T2, 150.762  18.792,200  .390,912,962 
Oct.  2...  .37l,4J9,Jti2  18.7-2,200  391,971,462 
Oct.  9...  3'i9.791.762  18.732,200  3  8,r-73,962 
Oct,  16..  ,36S,85:.212  H,7-2,200  3't7.6t9,4i2 
Oct  21..  868.119,917  18,760,000  3S..l".79,917 
Oct.  80..  Su7,199,412    1^,730,000    336,629,412 

3. — National  bank  currency  in  circulation ;  fractional  currency 
received  from  the  Currency  Bureau  by  U.  S.  Treasurer,  and  dis- 
tributed weekly ;  also  the  amount  of  legal  tenders  distributed : 

Week  Notes  in  ^Fractional  Currency ,  Leg.  Ten 

ending  Circulation.     ■•— — ' — ■"     r.i.>-ii-..»-j    i%..,-,v, 

Aug  7 343.917.939 

Aug.  14 319.20,5,093 

.Aug.Sl 319.132.878 

Ang.28 343.725,018 

Sept.   4 343.011.138 

Sept  11 347,980,000 

SeptlS 34;,5JR,483 

Sept.  25 347.720.223 

Oct  S 346.991.193 

Oct.  » 34'i,7r;9,853 

Oct.  16 346,813.7:6 

Oct  23 341,458,128 

Oet.83 346.805,616  

Production  of  Cheese  in  the  Unitkd  States. — Tlie  whole 
amount  of  clieesa  made  in  the  United  States  in  ls70  was  163.927,- 
883  pounds,  of  which  109,435.229  pounds  were  made  in  factories, 
and  53,937,383  pounds  on  farms.  The  principol  States  produciug 
cheese  were  Nhw  York,  100,776,014  pounds ;  Ohio,  24,153,856  ; 
Vermont,  7,814,879  ;  Illinoia,  5,734,004;  Massachusetts,  4,131,309: 
and  Calilornia,  3,395,074.  There  were  1  313  factories  devoted  to 
the  manufacture  of  cheese,  employing  4,607  hands.  The  capital 
inve.ited  amounted  to  $3,690,075 ;  wages  paid  during  the  year, 
$706,566  ;  gallons  of  milk  used,  116,466,405  ;  value  of  all  materials 
asedi  114,089,384 ;  of  cheese  produced,  $16,710,569 ;  other  prod- 


Received.  Distributed.  Distrib'd 
2,862,956 


2.714,527 
2,715,6)3 
2.679.369 
3,430.6*5 
2,821,180 
651,000  2,567.295 

• 3.021.143 ' 

3,100.000 
3,750,000 


749,000 


nets,  $61,096.  The  number  of  cows  supplying  one  factory  ranges 
from  one  hundred  to  more  than  one  thousand,  the  average  being 
about  four  hundred.  In  1871,  a  factory  in  Chatauqua  County,  N, 
Y.,  had  registered  as  the  whole  number  of  cows  1,734  During 
the  year  ending;  June  30,  1873.  68,204,024  pounds  of  cheese,  valued 
at  $7,753,918,  were  exported  from  the  United  States,  of  which 
52,056.936  pounds  went  to  England,  and  8,438,396  to  Germany.— 
Appktons'  Ameriean  Cyclopctdia,  renUied  edition,  article  "  Clieete." 

Nebuaska  Railroad.— The  Midland  Pacific  and  Brownville  & 
Port  Kearney  Railroads  have  been  consolidated  under  the  above 
name,  wjih  B.  E  Smith,  of  Columbus,  O.,  as  President,  The 
Midland  Pacific  had  t<»o  hundred  and  filty  miles  of  line  com- 
pleted and  uncompleted  and  leased,  extending  from  Atchison, 
Kin.,  to  its  proposed  junction  with  the  Union  Pacific  Railroad  as 
follows:  Sixty  miles  of  leased  line  (A,  &  N.  Railroad)  from  Atchi- 
son to  Richardson  county  ;  twenty  three  miles  of  uncompleted 
line  to  Brownville,  two-thirds  of  which  is  graded  and  all  to  be 
graded  within  thirty  days,  and  ironeil  immediately  thereafter; 
one  hundred  and  five  miles  of  completed  line  to  Seward;  twenty- 
eight  miles  of  line  graded  from  Seward  to  York,  and  twenty- 
eiglit  miles  from  York  to  its  junction  with  the  Union  Pacific. 
The  Brownville  &  Fort  Kearney  Railroad  contributes  to  the  new 
corporation  ten  miles  of  completed  line  west  from  Brownville  and 
graded  to  Tecumjeli,  a  distance  of  thirty-seven  miles. 

Portland  Saco  &  Portsmouth  —A  meeting  of  stockholders 
was  held,  Nov.  3,  to  consider  the  r^tquest  of  the  Eastern  Railroad 
Company  to  reduce  the  rental  of  the  road  from  ten  to  six  per  cent 
for  the  next  two  years.  The  road  is  leased  for  ten  per  cent  on  a 
million  and  a  half  of  capital  for  99  years  from  May,  1871.  After 
aome  discussion  the  following  committee  was  chosen:  C.  L.  Wood- 
bury, of  Bo.^ton;  (i.  E.  B.  Jackson  and  A.  K.  ShurtlefT.  of  P.irtland; 
Joseph  H.  Williams,  of  Augusta,  and  Henry  H.  Ladd,  of  Ports- 
mouih,  who  are  to  report  to  each  stockholder,  in  print,  two  weeks 
before  an  adjourned  meeting  to  be  held  at  the  same  place  on  the 
Feeond  Tuesday  in  December. 

Wkiohts,  Meabhrb  -nd  Monkt  or  all  Nations.  Compiled  by  F.  W.  Clarke, 
8.  B.,  Professor  of  Physics  and  Chemi"try  in  the  University  of  Cincin- 
nati.   D.  Appleton  &,  uo..  New  York,  Publishers.    Price.  $1  bO. 

This  work  will  be  found  very  useful  to  the  merchaut,  econo- 
mist and  banker,  as  the  arrangement  is  highly  convenient  for 
reference  and  in  a  form  and  classification  never  before  presentfd 
to  the  public.  It  al'o  contains  a  series  of  tables,  arranged  alpha- 
betically, showing  the  value  of  each  unit  as  given  both  in  the 
Eogllsh  and  the  metric  standards  The  metric  system  is  used  co- 
extensively  with  the  ordinary  system,  and  is  a  characteristic  fea- 
ture of  the  book. 

The  contents,  among  other  things,  contain  the  following  use- 
ful and  comprehensive  tables,  viz.:  I.  Measures  of  Lenp'h,  in 
both  the  English  or  American  feet  or  inches,  and  in  French 
metres.  II.  Road  Measures  in  English  Miles  and  French  Kilo- 
metres. III.  Land  Measures.  IV.  Cubic  Measures.  V.  Liquid 
Measures.  VI.  Dry  Measures.  VII.  Weights,  and  finally 
Money.  This  latter  table  is  one  of.  the  most  useful  and  valuable 
tables  probably  to  be  found,  giving asit  does  the  standards  in  dol- 
lars, francs,  sterling  and  marks,  and  alone  is  worth  the  cost  of 
the  book. 

— The  old  suit  against  the  Brooklyn  Trust  Company,  brought 
by  the  town  of  Middletown,  Conn.,  and  r.rising  out  of  the  diffi- 
culties connected  with  the  defalcation  of  E.  S.  Mills  and  his  as- 
sociates, has  lately  been  settled  by  the  surrender  of  $500,000 
endorsed  bonds  of  the  New  Haven,  Middletown  &  Willimanlic 
Railroad,  to  the  plaintiffs.  These  bonds  had  been  held  by  the 
Trust  Company  as  a  part  of  the  securities  deposited  by  Mills  as 
collateral  for  the  cash  advances  made  to  him. 

— We  notice  that  Mr.  Lewis  King,  late  with  Messrs.  James  G. 
King's  Sons,  has  associated  himself  with  Messrs.  Myers,  Ruther- 
furd  &  Co.,  of  No.  4?  Exchange  place.  This  firm  propose  to  con- 
tinue the  general  brokerajje  business  as  heretofore,  and,  in  addi- 
tion, propose  to  give  especial  attention  to  investment  securities  of 
the  higher  class.  Mr.  Myers  is  a  well-known  member  of  the 
New  York  Stock  Exchange,  and  the  firm,  as  now  constituted,  is 
prepared  to  receive  the  orders  of  parties  seeking  good  and  safe 
investments. 


BANKING  AND  FINANCIAL. 


ADVARCBS  HADB,  only  on  Cotton  In  Store  and  Approved  Stock  Exchange 
Collaterals.  K.  M.  WATERS  &,  CO. 

BAILBOAD  BONDS.— Whether  you  wish  to  BITT  or  SBL.t..  write  to 

HASSLER  A  CO..  No.  '.  Wn'l  street  N.  Y. 

TEXAS  STATK  BONDS. 

Houi<ton  and  Texas  Centril  RR.  First  Mortgage  7  per  cent  Gold  Bonds, 
14.  11,  A  H.  Firf  t  Mortgage  7  per  cent  Gold  Bonds, 
'  Texas  Lunde  aud  Land  Scrip,  for  sale  hv 

WILLIAM  BRADY,  23  William  at,  N.  Y. 

STOCKS 
Dealt  In  at  the  New  York  Stock  Exchange  bought  and  sold  by  n«  on  margin  of 
Ave  per  cent 

PRIVILEGES 
Negotiated  at  one  to  two  per  cent  from  market  on  members  of  the  New  York 
Exchanee  or  responsible  parties.    Large  sums  have  been  realized  the  prist  30 
days.    Put  or  call  costs  on  100  shares 

$106  25 
Straddles  $250  each,  control  200  shares  of  stock  for  SO  days  without  further 
risk,  while  many  thousand  ditllars  prollt  tn  v  '-Ms  gained     Advice  and  informa- 
tion furnu'^hcrl.    Pamphlet,  contain  n^'  valuihle  statistical  information  and 
showing  how  Wall  street  operatlouH  are  conducted  sent 

^  KREE 

To  any  .address.    Orders  solicited  by  mail  or  wire  and  promptly  executed  by 
OS.   Address, 

TUUBRIOQE  *  CO,,  Bankers  and  Brokors, 

No.  t  Wall  street  N,  Y. 


NoTemb«r  6, 1875.] 


THE   CHBONICLE 


485 


iH)t    fiaukers'    ®a^ette. 


MiriOMlI.  BINKS  OBQtMIZBO. 

I  uo  Uoited  Sutea  Comptroller  of  tbe  Curreooy  farnUlnw  lUe 
folIowioK  st&temeDt  of  Xkiiooal  B«aka  oreaoisad  the  put  week  : 
t.Mn— low*  Nstioul  Bank  of  De»  lloln»».  Iowa.    Aa-borixad  eapltml.  $100.0  o: 

paid  10  capliil.  »M>.(«0.    Heurr  K.  Lara  PmldMt ;  Qmirf  H.  Mslah. 

Catbirr.    Anihorlzed  to  conmaaea  bailam  Oct.  H,  HP. 

•  IVISBdON. 

Tka  followtaf  DiTldenda  hate  rmaUy  hmm  aaaeaaeaa 

Pii 


COKTAST. 


Rallraada. 

lAAIbanr 

Baatoa  *  PfuTldrocc . 


CadarlUplds  A  MiMoarl  Rtir«r<aaar.)... 
Cloelenaii  iaiulaak;  A  Claraiand,      '* 
Sionr  B(Ook 


,  pr«f . . . 


Baalia. 


lUtioeal  B^Bk  of  th«  «laW  of  New  Tort 


Ob>t. 


Wuus  I  Hook*  cuoaao. 
Pablb.  (Oara  lixlB«tT«.) 


Not.  :s 
Mot.  a 
Not.  1 
Not.  I 
Rot.    1 


Hot. 
Not. 


)  The  range  in  prices  since  January  1,  and  the  amount  of  each 
class  of  bonds  outstanding  NoTember  1,  1875,  were  as  foUowsrJ 
r—BaiiKa since  Jan.  1 .   r— AmouutNuT. 


liowesi 

«a,1881 raic..ll8    Jan. 

■a.  1881 «oap..::8M  Jan. 

la,»-*0's,  ISM coap..llKK  Aae. 

(a,VM'*,18<5 coop.. I16K  Not. 

ta,  S-U'a,  1S6B,  aew.conp. .  1  i7h  Jan. 

(a,5-»'a,  tan COBP..118X  Jan. 

(a.t-tO'a,  1888 coup    118    Jao. 

Ss.lO-«0-a reK..li8)rMeb. 

la,l<Mi'a eonp.llSK  Mch. 

|a.riiiided.  1881.. .. coop.  IISK  Jan. 
(•.OarrencT ree.llfX  Jan. 


Hif^heflt       RcKli*tered. 
e  IISH  May  *«tlU3,3:3,890 

mMJttuen        

l«l     Apr.  r,  I4.M7,000 

liSK-lauelS  S3.&4»,VS0 

IU%  Juoe  17  l«.08ii.«0 

IttX  Jttoe  U  8ti.ll6S,a<  0 

-MX  June  18  !4.S84,UC0 

I18X  Jane  18  Ml,(i7,U0 
lIKXAog.  »■) 
119     Jaue  IS 


111,874.400 
»4.«lS.51t 


ConpoD. 

8t,»n'.ub 
3t.i8n.oao 

118.6^4. 4(  0 

14J..'i78,7flO 

*tl.«M  5S0 

11,(1)0,001. 

in.«N'ou 

1M,48<,0M 


10 


Not.  4  to  Not.  )• 


IoInot.  t  to  Nov.  « 


PSID.4V.  NOVEnBKB  S,  I8T5-C  P.  .71. 
Tka    Mosey     aarket     and     Ptaanrlal    SUaaUan.—The 

principal  topics  of  conrersation  this  week  in  Wall  street  were  tbe 
recent  elections  ;  the  probable  dedaion  ot  the  C  S.  Suprem* 
Conrt  on  the  important  "  granger  "  railroad  eaaea  and  the  UoioM 
PaciBc  case,  just  argued  before  it ;  and  the  proapeels  of  utj 
farther  cornering  moTements  in  ihe  gold  market. 

Tbe  eirctioos  are  generally  accepted  as  proving  T«ry  decidedlj 
that  the  inflation  principle  ia  unpopular,  and  wherever  it  haa 
played  an  important  i>art  in  the  isaaes  preeeoted,  it  has  had  th« 
effect  of  defeating  the  party  which  pinned  their  faith  to  it.  Li 
Pennsvlvania  the  issue  waa  moat  dearly  bconght  a p  and  tht 
result'most  onspicnoas. 

In  our  local  money  market  there  ha*  bees  aooM  Irregularitr  ia 
rales  on  call  loans,  which  were  quoted  at  4^5  per  eeal.  on  \Ve4 
nesdav,  with  an  rxceptioaal  advaaoe  to  7  per  eetit.  at  the  cloae 
of  that  day  ;  since  then  raiea  Iiare  been  easier,  and  raii^'i-il  all 
the  way  from  3  to  0  perceni.,  with  S^t  as  the  termi  ■■n  the 
bulk  of  traiMinwio— .  Ratce  at  bank  are  gaaersllf  hit^ber  titaa 
stockbrokers'  loaaa  on  tbe  alieeL  Oomaaivial  paper  Is  in  inod- 
ernte  supply,  and  prima  gradea  are  la  good  «lainaii<i, 

Oa  TliuraJay  tbe  Bank  of  England  laport  atwwed  a  drcr>'a«e  of 
£865. ItC  in  bullion  for  the  week,  and  toe  dlaetmnt  rate  r>-iiiainad 
unchanged  at  4  per  erut.  Thu  Bank  ot  Fraaee  gaiiied  llVi.OOO 
-francs  in  specie. 

Tbe  last  weekly  statement  of  the  Kew  Torit  tltv  Cl-^ring 
Hooae  Banks,  iasocd  0«t.  80,  rhowed  aa  laereaaa  of  |2.tM5  <'.:'>.  in 
the  eseoM  above  their  35  per  eoat.  legal  rceerve,  the  wb..leof 
each  ezeeaa  being  f8.107^K0,  agaiaet    f3jMl,5T5  the  pr.Tio«s 


411*4^  Apr.  M 

State  and  Railroad  Boada.— There  lias  been  only  a  small 
basiUfsa  in  Souibern  State  bonds — Tenurssees  bcint;  weak  and 
Virginias  strong  on  a  homedemand.  FuDding  goes  on  in  Louisi- 
ana, and  we  have  seen  in  this  market  some  of  ilie  new  consols 
numbered  as  bi^h  as  3,100  on  the  f  1,000  bonds,  807  on  the  $500 
bonds,  and  1,410  on  the  f  100  bonds.     In  regard  to  fusding  bonds 

5 resented  without  their  coupons,  it  is  reported  that  tbe  BoanI  has 
eeided  to  cut  off  from  the  new  con!Mil.'<  delirered  the  same  num- 
ber of  coupons  that  an  wanting  on  thu  old  bonds  funded. 

Railroaa  bonds  have  l>een  decidedly  active,  particularly  in  the 
past  two  days.  The  largest  transactions  have  been  in  tbe  bonds 
of  (he  Union  and  Central  Pacific  roads,  which  declined  un  Thurs- 
day and  recovered  very  sharply  to-day.  The  fluctuations  were 
largeat  in  Union  Pacific  sinking  fumis,  which  declined  to  80 
yeaterday  and  sold  back  to  85  to-day,  the  break  having  been 
eaaaed  by  the  circulation  of  unfounded  rumors  that  the  U.  S. 
Supreme  Court  would  reverse  the  decision  of  the  Court  of  Claims 
and  give  judgmitnt  against  the  company.  The  present  suit  is,  at 
moat,  only  an  action  by  the  Union  Pac  fie  Company  lo  recover 
ftoai  the  Government  tbe  earnings  from  its  transportation  buBi- 
neaa  withheld  as  an  offset  to  tbe  Interest  paid  on  ibe  V  S.  l>onda 
laaned  to  the  company.  The  question  of  the  obligation  of  the 
company  to  pay  all  the  current  inlorest  due  on  these  ixinds  is  a 
eoUalaral  snojeet,  and  would  not  be  finally  determined  in  the 
preaent  suit.  It  is  reported  in  private  di.'<patches  that  the  suit 
will  either  l>e  decided  next  «reek  or  else  put  over  till  the  first 
wetk  in  January.  The  famous  granger  railroad  cases  have  been 
argued  Vt  great  length,  and  will  probably  be  decided  early  in 
January. 

Daily  cloeing  prieea  of  a  few  leading  bonds,  and  the  range 
since  Januarr  1,  have  l>een  aa  follows: 

0«.    KoT.    Hot.   5ot.   Not.  Not. 


Tba  fbDowinf  table  abows  tbe  cbaafaa  (roa  tha  prsTious  week 
aad  a  iwinarlann  witu  1874  and  ISTS: 


-iffn.- 


laoaaa  aaadla.  j 


MM. 
OCLSI. 


« 

E 

2 


OeLai      Oc<.B 

•pacta t^iaiav      •,«•.«•  I*c    UIUM     IUIt.M0 

Otrealattoa....      :7.St4.«0l<     IT.ir.TW  lae.        MUM     IX>«7J« 

Nttdapoaiw..  »i.i;i.na  ni.imwtot  om.  i.BkMi  auMLtaa 
Laral  (•■dtrs      M.iet.«ao     HL«A.4M0ae     IM1M»     aa.an.aae 

Caltad  SiMaa  Boada.— OoTerameal  ascoritlea  haTr 
■tfong  aad  a4:tlTe  liBoa  tha  electtoaa,  tba  ilmoeas  bel»c  "h^waln 
amaiaiaaaaeaof  prieaataUieteaaaf  tbadaelina  logo.  I  (>««of 
tbe  fkatatM  iaaa  tnereaae  In  tlia  aambaroflndivldaal  (.urrliaaers. 
wblU  there  have  alao  bear  aome  heavy  lota  bought  for  a<-r,,uai  of 
eorpoiaiiona.  Beenury  Bristow  laaiMd,  Nov.  I.  another  rail  for 
flT>-  twentv  bonda  being  the  Mth  call— «a4  easbracing  f  lU.OQO,. 
000,  deacrlbed  aa  follow*: 

Ooapna  Baafs  Halloa.  1  mia ^^jW^  Wifc 


(•T«aa.,B«wa_. 

«aH.Car..aM.... 

•a  K.  Car. .saw... 

«  Vtrg..eoaae>ld 
do       Mtarlcs. 

taS.C.J.aj... 

MMo.  loD(  boBda 

.V  T  C  aH.  I.t7a 

C.Pac.to'dta... 

Ua  ru.,  >a4  4B... 
do  t'domia 
d->        8.f.ii.. 

•neUtM.tl.... 

a.  J.  Las.  lit  U. 

rt  Wua*  lit  ;•. 

■M<7«l<tUI7>. 

C.  aii.w  gnidTa 


MH 

•.»>• 

:u' 

H« 

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•a 

t 

•» 

••H 

••X 

i 

•»•• 

•» 

m\ 

c 

101  It 

w 

ti* 

•y»\ 

g 

•i;» 

•IW 

'Ji 

iSli 

\ 

"Jli 

SI" 

aMi 

*l 

« 

Sj 

•r^ 

im 

I'M 

'Ml 

17 

111 

•ill 

•ill 

••.un 

■lUM 

•i;4x 

•III 

•at} 

ICt 

laa 

•1  IK 

r.H 

fJH 

i 

•«»« 
•» 
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<»H 

•«■ 
•UMK 
•IM 

m 
ua 
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•III 

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ic* 

47 


BIttca  Jaa  t  "^ 
Lowaal.  i  Hlglieat. 
44  Jaa.  n  »^H->u>'  » 
70  Meli.r  >i  Jan.  I» 
II  JuaaKi  It  Jan.  7 
MH  Jaa.  »l  tSHOct.  » 
*a     Mck.l'llu     Oct.     ; 

ax  8«i>i. »  n    Jan.  n 

Mm  Jan.  II  uii(  Jone]< 
IIIK  Jan.  It  Ut  »rpi.IO 
*)),  lab.  4  liCH  "  p('30 
•a  Jail.  tllWMJnoeaO 
H  Jaa.  t  lOtC  Sept.  M 
ilM  Jaa.    S    r.%  An*.  » 

*•:    May  »;ui.Cm7  • 


shsrp  drclin.)  in  its 
Pacific  Mail  to  37f, 


n,mo,  betb  I 


«i 


haifeiadaalT. 

T«:  Vtrt 


aH»   TaM.H.' 
Me*.  Ut  la  ntk  balk 


•MO.  Noa.|«M|a 

li.najriw. 


•MM  ioai.«i^  bs*  taaii 

1L«».  aoib  lartaai»e 
4.«ai  ta  M8\ 
tMiMOi  Maa.  ' 

Of  tba  aasaal  laliliaMM  (a 
«a  aoapaa  beada  aad  •liMVM 

Cloalaff  priea*  of  ■eeaiMoa  in  London  hava  beea  as  folio 

"55! 


ta  9,m.  bMb'tactaaifa, 

la«ka 


lap. 
mp. 


••.IMl 

8a,  1881 

«ikl4ra.l8>t 
•a.vara,l8M 
aa,  Kir*,  MM. 

•a.».8ir*,UM eeap. 

•a,  8  tr*.  MB,  a.  I.,  rag. 
•a.*-8«'a,lM8a.t,aoaB 

8*.  S-Wa,  lavr fa« 

la,».Wa,l«T....coap 

•*,S4ra.lMi. 

•*,l-ir*.l8«. 


Closing  prieea  daily  hare  been  aa  foilnwa 

,  .  ^      Ot«.    Not. 

lat.  period.  — 
Jaa.AJalf 
Jaa.AJaJj 
Ms;  A  Not. 
Its7*  Not 
Mar  ^  Not 
May  M  Not 
Jan.  d  Jal7 
Jan.*  JalT 
Jan  AJnlT 
Jan.*  Jal7 
...NT-' Jaa.  d  Jnlj 
~     p  .Jaa.  d  Jalj 


1. 

uiK  •:1IM 
•i«    •;» 

•lUJJ  •llSJi 


Mot. 

*. 


Sa.ia-iora 

8a.r«ad«4.Mn.. 
Ia.raa4aa.l88l, 
IsOatrsaer 


.    tlllH  'Itl 
.•UIX'UlJ* 

ti".  "-ii 


raff  Mar.  dIUpt 
aBp..Jlar.  ddapi 
■  rmt  ..QaartaalT 
•ap....qaarta(r7 
r««.  Jaa.dJaly.'li-:;* 'IMJi 

•TUslaibaafleeMdi  aa  aafa  waa  aada  at  Ua  Board. 


tiaji  Tth.  I  11,1  Apr.  « 
MM  Jan.  7  III  JanelO 
«•  Jan.  )|IIiW  Jane  t 
7*    June  isl  ax  Ana.  4 

~«rauUUaaTMaMd. aoMiawaaaadaaiiaa  aaard. 

Railroad  aad  ■laeollaaeoaa  Meek^— 1^"  '^'*^^  market 
ban  Ih  en  aoaoawliai  irregular,  with  fre<|Urnt  cliaiigea  in  tone  and 
a  strong  freliog  at  the  cloae.  The  advano- in  I.Mke  Shore  has 
been,  oa  tbe  wbole,  pretty  well  mainuined,  and  there  waa  no 
striking  feature  In  the  market  until  Thursday  wlien  Union 
Pacific  fell  off  to  <l9i.  In  sympathy  with   the 

•Inking   fumi    bonds,  and    was   followed    by 

wlilrb  bad  the  effect  of  weakening  the  whole  list.  T<i  day  there 
was  a  marked  raeorery  ia  Imnds  and  a  strong  and  biioraut  tone 
in  Bt4>c)M  toward*  the  elooa  which  carried  prices  up  tu  near  the 
higheet  point  of  the  day.  In  eatitiuting  the  future  values  of 
stucka  ratbcr  than  their  poaaible  priree  at  any  given  time,  there 
are  several  iiolats  of  a  general  character  to  be  oousidered — 

firrt, — The  prospect  is  good  tor  increased  earnings  on  all  the 
".sat  aaH  West  trunk  lioea  between  the  Atlantic  coast  and  tbe 
Mtaaiaatppt  river,  as  the  leading  companies  have  agreed  np<in  an 
lulvanro  to  uriff.  and  will  probably  make  a  further  advance 
in  freight  rates  on  the  rloan  of  navigation  ;  tbe  arrangement  for 
through  tralHc  ever  the  romhlned  Erie  and  Baltimore  &  Ohio 
llnaa,  laa<eaa  the  probability  of  another  railroad  "  war."  Among 
Ibe  leading  roads  which  abould  Im  benefitted  by  the  above  ar- 
rangvmenia  are  the  New  York  Central  &  Hjdmn  Itiver.  Lake 
Blgj^^  i^bori',  .Mii'liiK«n  Central,  Cleveland  Columbus  Cincinnati  Ac  Indl- 
'^  "  l^rtflfii-ilii'.  Wabash,  Erie,  Ohio  &  Mississippi,  Peuiuylvania  and 
its  r.iiiiii<-tii)na,  and  the  Baltinion-  k  (/"io. 

.•v^o/iW .  — Tbo  .N'onh  western  ind  St.  Paul  stocks  hope  to  procure 
a  rep>>al  of  thanbnoxious  Wisconsin  law,  if  tbey  do  not  obtain  a 
farorahln  decision  in  the  granger  cases. 

7A«rrf— The  I'uion  I'acific  aad  Central   Pacific  railroads,  it  is 
genen-llv  supposed,  will   try  to  effect  an  amicable   negotiation 
with  tbe  (ioTcrnment,  and  thus  settle  all  Its  claims  against  them. 
Total   tranaaetlooa  of  tbe  week  in  leading  stoeki  were  as  fol- 
lows: 

radAe      liSka    Waat'n  Chic  d  Ohio  A 

Mall.      Kbore.   Dniog.  N*w*au  Krie.    MIm. 

Oct  88 i«.aoo  ia7.«ao    M,oao    «.4oa  u.mo      so 

.Not.  I l<.aOO     88,4M     BJM     B  lOn    8U,ia0     1,800 

••  1 Bactloo  H>>llda7 

-  8. 18.108     54,708     19,100     S.400    IS.>iOO        800 

»  4    80.800     48.ll«     1S.«0     8.3U0     &nO      !.«« 

••  8. 4«,180     80J0O     »i,880    14,800      4,*«        700 


(raMt  tatai, 
•aabOTe)»MOO,a80 


Not,    Not.    N«i». 
1.  4.  (, 

•HI    'lam  in 
•tnyiiifi  tsiK 

>1IS     *II4M*1I» 
•II&     *ll45a||8 
•tUK    rs     aiMV 
•1I«K  'IW       U*K 

111     •iia     •111 
•:i»       III      IIIK 
•lies    l»x*lll 

11  -.    1*1      lliK 

•111       •lit      •»!). 

•II  v  :«tv«iii)( 
li«X  iiw}  (MU 
117H  '117  einx 
IISK  *<I}N    118 

•ii>  n«S  lux 
iitx  *mH  •mS 


Pacllc  Unioa 
ul  Mo.     Pac. 


4,800 
7.a» 

"l.MO' 
1,100 
1,800 


1.80O 
8.000 

liaoo 

11.800 
MOO 


Total IXJlOO    830000    1«.000    87.100    87.(00     &Mn      ISJOO    81,100 

Wbo4«atoek.  .JOO^OO    484.188    887.8a8  14e,n0  780,C00  100.000     n.Mt  a87.4M 
A  eomparlaon  with  tlie  laat  line  In  the  preceding  table  ahows 
at  a  glance  what  proportion  of  the  wbole  stock  has  been  turned 
orer  in  tbe  ireak. 


486 


THE  CHRONICLE 


[November  6,   1875, 


Fourth. — As  to  Pacific  Mail  and  Panama  Kailroad,  outsiders  can 
not  form  any  correct  opinion. 

Fijth. — W^estern  Union  Telegraph  has  no  serious  opposition, 
beyond  thut  o(  the  Atlantic  &  Pacific,  as  tha  threatened  Califor- 
nia Company  is  yet  hardly  more  than  a  crude  plan. 

The  daily  highest  and  lowest  prices  have  been  as  follows: 


bmurday.       

.  „     Oft.  30.      Nov.  I. 
M.Y.Cen.AU.R.  VMH  IWK    lOJV;  :oix 

Harlem ■13'.>i  IS^s  'a\%  :S!s 

Krie KH   ISH     

Lake  Shore....    S«s   iiH 
MiclilKau  Cent.    fSfi    ta>i 

Wabash •....     6X 

Northwest 86X  s;k 

do      pref.    60      5UH 
uock  Island...  U'3Y  103\ 

St.  Paul W>i   3i 

do  prel....  WH  KfH 
At.*  Pac.pret.  i%  i% 
I'actflc  of  .Vo..  »H  U'X 
UUlo  AMisa...  \i)i  16H 
Central  o:  N.J. -IrS  106)« 
Del.,L.*  West  aSS  1I8H 
Ban.  &  St.  JOS.  \i,\  \t* 
Unlonl'aclflc.  K>  em 
Col.Uhlc.Al.C.      i%     4% 

Panama •!*     138 

West.Un.  Tel.    7.iX   'iGK 
At.  4  I'ac.  Tel.  "IS       ao 
IS       18 

•a       24 
<0M    41 

U'lX  WMi 


Monday,  Tuesday.  Wednesday,  Thursday,    Friday. 
'         ■  Nov.  2.        Nov.  3.  Nov.  4.       Nov.  .'i. 

:  !OIX  1(MK    IM     104       104      101 

•131X 


QuIckaUTer.. 
do       pref. 
lall. 


Facinc  Mail. 
Adams  Kxp 
American  Ex.. 
Pnlted  States.. 
Wellt,  Fargo.. 


5-H 

45 


58 
4J 

-.8X 


IBM    18K 

•ex   « 

S-.X  S7V 
51  .11 X 
ll'3!i  103.^4 
84       MJi 

4X  4X 
lOX  IIK 
"X  I6X 
10<  !(« 
"lisx  i:5X 
ai  2IX 
esx  66 

4X      4X 
•131      1S5 
16       76V 
I>       ISX 
'....    1» 
2J       23 


'5;x 

•UK 

"x 


58X 

iili 


nx  18 
fix  RiX 

M       «X 
6        <X 

M    aS 

loax  W»X 
S4X  35X 
62X  (S't 
4X  4X 
10  II 
16X  16X 
106  106 
1 I8X  IISX 

•aix  " 

65X    66 
4X      5X 
135     133 

'•!>%  ^iH 
ISX  i»x 

'17X  .... 

23X  ^3X 

tUii  40X 

1(2     102 

57X  "X 

■15X  4oX 

•76X  ■'9 


60X 
•IX 
6 

36X 
51 


11     nx 

60X  61 X 
61M  ilX 
5X     «X 

t:x  53 
I08X  :03X 
34X    34X 
«2X   63 

■»x  ioii 

16X    16X 

losx  ic«x 

118),  liflj 

19X    iO 

«2X    I5X 
5X      5X 
185     135 

75X    -5X 
•IS       19X 

"X    17X 

MX    Ms 

Sr.\    4CX 
U'2     102 

•37  5;X  57X 
•43X  46  •41X 
•78X    79       'li 


17X 

61 H 
63X 
6 

37X 
51 


103X  mix 

34       34  X 
62X  69;.; 
4X     ISi 
OX    lOX 
WX    16H 
'105     106X 
118X113X 
WX    19X 
62X   65 
5X     5X 
'1S4X  13i 
75X    '■6K 
•....    WX 
•17       ..   , 
23       23 
37X    31 
101      101 X 
58 


*Thls  Is  the  orlce  bid  and  asked ;  no  «altf  waa  made  at  tlie  Board. 
The  entire  range  from  Jan.  1,  1874,  to  this  date,  was  as  follows" 


M.  T.  Cen.  A  Und.  R 

Harlem 

Brie 

LakeSbore 

Michigan  Central 

Wabauh 

Northwest 

do        pref 

Rock  Island 

81.  Paul  

do       pref .. 

Atlantic  &  Pacific  pref 

Pacirtc  of  Missouri 

Ohio  &  MUaissippl 

Central  of  New  Jersey. 
Del.,  Lack.  &  Western. 

Hannibal  &  St.  Jo 

Union  Pacific 

Col.,  Chic,  *  I.  C 

Panama 

Western  Pnlon  Tel 

Atlantic  &  Pacific  Tel., 

Quicksilver  

do         pref 

PacificMail 

Adams  Express 

American  Express 

United  States  Express. 
Wells,  Fargo  &  Co 


. Jan.  1, 

Lowest. 
.100  May 
1«X  Jan . 

12X  June 

61 «  Sept. 

63     Si-pt. 
4Ji  June 

33?,'  Oct. 

41)     Oct. 
lOOX  May 

asji  June 

61     Mch. 

,    4     Oct. 

7^  Oct. 

143i  Sept 

!J9>i  Oct. 
lOeXJan. 

157,'  Oct. 

38     Jan. 

3     June 

IIOX  Jan. 

70X  Feb. 

ns  Oct. 

13     May 

80     July 

30%  Feb. 

98     Jan. 

50     June 

4 IX  Aug. 

71     Aug. 


1875,  to  date- 
I  nighest. 
28!l07X  May 
13:188  Apr. 
21 !  35XMch. 
15i  80X  Jan. 

82.H  Jan. 

21Ji  Jan. 

48X  Jan. 

82Ji  Jan, 


28'liWJi  Aug. 
"'  40X' Apr. 
66X  Ang. 
18  Apr. 
55  Apr. 
32<l^  Jan. 
120  Apr. 
123  Apr. 
30XMch. 
TSX  June 
9X  Jan. 
172  Apr. 
84%  Aug. 
29X  Jan. 
35  Jan. 
..  44  Jan. 
.0]  45%  Apr. 
2ll01xMch. 
25|  65  Jan. 
11  65  Jan. 
28 1  92X  Apr. 


-Whole  year  1874. 


Lowest. 
95%  May  19 
118X  Jan.  7 
26  Dec.  10 
67%  June  19 
H8X  Aug. 
ISH  Dec.  29 
34X  July  15 
81  Sept.  10 
92X  Jnne  19 
31X  May  18 
48  May  6 
lOJiSept.  3 
39^  Jan. 
2!%  June  17 

98  Jan.    8 

99  Jan.  2 
22X  Sept.  7 
23     June  17 

8  Sept  3 
101  Apr.  20 
68  Apr.  S4 
14  Aug.  85 
22<I^Apr.  28 
29  June  29 
33X  Dec.  21 
92XJan.  18 


Highest. 

105X  Mch.  11 

134X  Feb.  18 
51i^Jan.  15 
84X  Jan.  16 
95X  Jan. 
55XJan.  16 
eaa  Jan.  9 
78XFeb.    9 

109%  Feb.  9 
4e]I^Jan.  10 
74%  Feb.  9 
22  Feb.  1« 
48  Nov. 
36     Jan.  10 

109X  Fob.  10 

H2>iPeb.  10 
34^  Jan.  12 
38  y,  Mch.  30 
32  X  Mch.  30 

118  Jan.  9 
83  !<  Dec.  10 
20  Nov.  7 
36  X  Nov.  24 
48  Nov.  27 
51 X  Sept  30 

120     Nov.  18 


58XJan.  2  65  v<  Dec.  1 
60  Sept.  28  73  Feb.  9 
69X  Jan.     61  84     Nov.  30 


Railroad  Earning»._The  latest  earnings  obtainable,  and  the 
totals  from  January  1  to  latest  dates,  are  as  follows: 
, Latestearnings  reported. 


EoadB. 
Atch.,  Top.  &  S.  Fe.  Month  of    Ang. 

Central  Pacific Mouth  of   Sept. 

Cin.  Lafay.  &  Chic.  :',il  week  of  Oct. 

Georgia Month  of  Sept. 

•Hous.  &  Texas.  C   2d  week  of  Oct. 

Illinois  Central Month  of   Sept. 

Indianap.  Bl.  &  W..  3d  week  of  Oct 
lutern'l  &  Gt.  North.  3d  week  of  Oct. 

Kansas  Pacific 3d  week  of  Oct 

Keokuk  &  Des  M...  3d  week  of  Oct 
Michigin  Central...  Month  of  Sept. 
Mo.  Kansas  &  Tex...  3d  week  of  Oct 

Mobile&Ohio Month  of   Sept. 

Phila.  &  Erie Mouth  of  Sept 

StL.Al.&TH.  bchs.  3d  week  of  Oct 
StL.  I.Mt&South..  3d  week  of  Oct 
St.  L.  K.  C.  &  N....  Month  of  Oct. 
St.  L.  &  Southeast..  2rt  week  of  Oct 
St  Panl&S.City,&c.  Month  of  Sept 
Union  Pacific Month  of  Sept. 


1875. 

1874. 

»15i,215 

$112,681 

1,561,000 

1,371,739 

9,287 

10,739 

103,480 

94,555 

9B,230 

6f,068 

737,834 

768,5H6 

34,087 

34,387 

,T8,.3!)I 

34,000 

83,88.1 

83,770 

19,610 

17,788 

620,814 

687,703 

73.900 

C8.S85 

149,821 

155,202 

314,047 

3M.150 

14,9,W 

15,545 

92,645 

83,187 

263,240 

278.106 

21,743 

28,310 

77,305 

86,743 

1,155,944 

1,06.3,093 

Jan.l  to  latest  date. 

1875.  1874. 

t8«l,343     $787,93.1 

8.480,183  10,305,199 

318,083        36i,164 


5,619,160 

1,006,994 

919,083 


5,713,0.35 

1,358,:'61 

916,183 


606,462       649,697 


2.51 1,853 
1,475,157 


2.237,442 
1,148,130 

44.\263 

2,775,193 

2,139,966 

756,466 

5.33,194 

8,777,371 


442,669 

2,451.579 

2,08:^,884 

985,535 

603,989 

7,520,184 

•  The  weekly  earnings  of  the  Hous'on  <fe  Texas  Central  Railroad  Comp;iny 
do  not  include  earnings  from  through  passage. 

Tiie  earnings  and  expenses  of  the  Michigan  Central  Bailroad 
for  September,  1875,  were  as  follows : 

Gross  earnings $620,813  72 

Expenses 342,627  02 

Net .  $278,286  70 

The  gross  receipts  for  the  first  three  weeks  of  October  show  an 
increase  over  the  corresponding  mouth  of  last  year. 

The  following  is  an  official  statement  of  the  earnings  and  ex- 
penses of  the  Union  Pacific  Kailroad  for  the  month  of  September : 

Gross  Net 

E.iruings.  Expenses.  Framings. 

1875 $1,155,944  36  $417,800  96  $7:«,143  40 

1874 1,063,993  05  393,180  15  670,812  90 


Increase $91,95131  $24,620  81  $67,330  50 

The  Gold  market. — Gold  has  declined  during  the  week  and 
loaning  rates  have  become  easy.  The  decline  is  generally 
attri1)u ted  to  the  effect  of  the  election,  in  which  the  defeat  of 
inflation  principles  was  such  a  conspicuous  feature.  The  Treasury 
sales  of  gold  in  Novenii)er  will  be  only  f 2,000,000,  and  this,  so  far 
as  it  has  au  effect,  is  in  favor  of  higher  rather  than  lower  prices; 
at  the  first  sale  of  8^500,000  on  Thursday,  the  total  bids  amounted 
to  $1,533,000.  This  small  amount  of  l)i(ls,  and  the  relaxation  in 
price  and  loaning  rates,  seem  to  show  that  there  has  been  no 
attempt  this  week  to  control  tlie  supply  of  gold  and  make  it  scarce; 
but  whether  there  will  be  a  renewal  of  the  clique  movements, 
provided  they  can  encourage  a  sufficient  short  interest,  remains  to 


8  seen.  On  gold  loans  rates  have  been  paid  for  carrying  during 
the  past  few  days,  and  to-day  the  terms  were  1  to  2  per  cent  for 
carrying  and  flat.  Customs  receipts  of  the  week  have  been 
11,695,000. 

In  tlie  week  ending  Oct.  27,  the  gold  shipments  of  coin  from 
San  Francisco  to  New  York  by  rail  were  $1,055,000,  against 
$1,925,503  the  previous  week. 

The  following  table  will  show  the  course  of  gold  and  opera- 
tions of  the  Qold  Exchange  Bank  each  day  ol  the  past  week  : 


-(Quotations- 


Open- Low- High- Clos-         Total    , —  -Balances. -> 

ing.     eat    est     ing.  Clearing:^.       Gold.    Currencv. 

Saturday,   Oct.  30....11BX  115%  116X  UUli  $52,922,000  $2,063,124  $2,765,763 

Monday,      Nov.  1... .116%  115%  110%  116  56,221,000     1,(.69,878    2,127,898 

Tuesday.       "      2....     Election  Holiday 

Wednesday,"      3. ...115%  116      115%  115%  48,482.000     1,698,000     2,415.656 

Thursday,     "      4. ...114%  :J4%  115%  116%  70,646,000     1,881.420     2,523,068 

Friday,          '•      5  ...115%  115%  llSX  MH  47,650,000     2,198,710     2,550,875 

Cnrrentweek 116X  114%  UHX  115X  $275,921,000     $ $ 

Preyions  week 115X  114X  llOX  118X    300,555,000     1,658,075     2,130,457 

Jan.l. 1875.  todate... 112%  lUX  117%  115X        • 

Foreign  Excliango. — Kates  have  .been  better  since  the  easier 
feeling  in  the  gold  market  took  place,  but  still  remain  pretty 
low.  A  reduction  was  made  in  the  quotation  for  GO  days'  sterling 
this  morning,  but  not  a  corresponding  reduction  in  short  sight. 
A  moderate  business  has  been  done  for  Saturday's  steamers  on 
the  basis  of  4. 79^  and  4. 85^  for  long  and  short  sterling  respec- 
tively. As  cotton  shipments  increase  the  supply  of  commercial 
bills  is  much  more  liberal. 

The  transactions  tor  the  week  at  the  Custom  Bouse  and  Sub 
TreasurT  have  been  as  follows: 


Custom   , — 

House     , — 

Receipts. 

..  J247.000 

355,000 


-Receipts. - 


-Sub-Trea8ary.- 


-Payments.- 


Gold.  Cnrrency.  Gold.  Currency. 

Oct.    80 J247.000  .$1,008,904  00  »655,.355  87  $974.610  73  $95,5.806  11 

Nov.     1 355,000          923,308  44  892,133  90  761,615  51  1,459,787  10 

"       i Election  Holiday 

"       3 377,000         638,500  34  818,982  92  1,970,S45  84  1,6.37,002  68 

"       4 427,000       1,427,92143  904,883  90  780,185  65  1,061,468  79 

"       6 289,000       1,880,214  41  1,384,573  76  1,341.546  55  1,106,607  60 


Total $1,695,000 

Balance,  Oct  29 

Balance.  Nov.  5 


6,282,831  fil     4,656,910  35     5,834,234  38     6,220,682  28 
42,843.127  39  51.276.468  74 
42,391,744  62   52,711,710  80 


New  York  City  Banks. — The  following  statement  sbows 
the  condition  of  tlie  Associated  Banks  of  New  York  City  for  the 
week  ending  at  the  commencement  of  business  on  Oct.  30, 1875: 


BiLHES. 


Capital. 


Newrork $8,000,000 

Manhattan  Co 2,050,001 

Merchants' 3,000,000 

Mechanics' 2,000,006 

Union 1,500,000 

America 3,000,000 

Phranlx 1,800,000 

City 1,000,000 

Tradwmen'i 1,000.000 

Fulton eoo.ooo 

Chemical 300,000 

Merchants'Exch'ge.  1,000,000 

Gallatin,  National..  1,SOO,000 

Butchers'&Drovers'  800,000 

Mochanlca&Traderi  600,000 

Greenwich 200,000 

Leather  Manuf 600,000 

Seventh  Ward 300,000 

State  of  N.  York ..  ,  2,000,000 

American  Kxch'ge.  5,000,000 

Commerce 10,000,000 

Broadway 1,000,000 

Mercantile 1,000,000 

Pacific 423.700 

itenabllc 2,000,000 


Chatham 

People'! 

North  America...... 

Hanover 

Irving.. „ 

Metropolitan 

Citizena 

Nassau 

Market 

St.  Nicholas 

Shoe  and  Leather.. 

Corn  Exchange 

Continental 

Oriental 

Marine 

Importera'*  Trad'rs 


450,000 

412,500 

1.000,000 

1.000,0(10 

5ro,ooo 

l,000,COO 

eocjKO 

1,0011,000 
1,000.0(10 
1,0(10,000 
1,000,000 
1,000,0(10 
1.500,000 
300,000 
400.000 
1,500,000 


ParR 2,000,000 


Mcch.  Bank'gAsso. 

Grocers* 

North  Klver 

Kast  River 

Maiiufact'rs'*  Mer. 

Fourth  National 

Central  National... 

Second  National 

Ninth  National.  ... 

First  National 

Third  National 1,000,000 

N.Y. National  Kxch.        500,000 

Tenth  National 1,000,0(0 

Bowery  National...  a.'Hl.OCO 
New  York  Co.  Nat.  300,000 
German  American.  1.000,000 
Dry  Goods 


500,000 
300,000 

:,iioo,ooo 

330,000 

300,000 
5,000,00(1 
2,000,000 

300,000 
I.SOO.CCC 

500,(00 


1,00(1.000 


Loans  and 
Discounts. 
»8,750.aiO 
6.69'J.IOO 
9,484,700 
7,531.9(10 
4.770.000 
l(',2H.70a 
S,877,«Ki 
5,97»,6i  0 
8,3:0,200 
l,r  60,100 

7,9;i.aoo 

3,116,100 
3,729,500 
2.217.(00 
l.'fll.lllO 
!,03Sl.tiOO 
S,*l'7,900 
931.000 
4,61  S  ,100 

12,131,(00 

•i(l,IS6,100 
.%6S4.500 
4,a«l,'j00 
1 ,758.600 
4,246.800 
3,859,400 
1,450,3(10 
2,82i,300 
3.1i8,900 
2.'««,(HI0 

13.049.000 
1/31.800 
2.1('4,100 
a,;23.300 
2.510,600 
4,363.500 
S,0?3.50n 
3,983,500 
1,423,2(0 
2,129.700 

1.1  (ifB  I'W 

IS.'l'JO.uCO 

1.(71 ,6  JO 

690,5'0 

l,015„i('0 

958,300 

616.600 

16,049,600 
7.154.000 
l,7e3,000 
6,236,JWI 
4.8;9.900 
6,133,6(0 
1,512.9(0 
2.087.600 
1,.97.010 
I.MS.OOO 
3.296.600 
1,938  ,iCO 


-XTBBAeK  AMOrnT  OF- 


Specle. 

11.5111.600 

2.82,300 

331,600 

448,300 

1.. '63,000 

4'.16.4.  0 

1M.600 

5S3.50U 

14.8  0 

93.500 

15(1,900 

11,600 

182.300 

3\C(0 

6,700 

202,366 

30,800 

106,700 

418,000 

1,241,100 

81,900 

78,9C0 

8,700 

813,800 

66,300 

400 

22,7(0 

90.100 

16.000 

820.400 

35,400 

25,100 

78,100 

68.300 

67,000 

34,700 

35.600 

5.500 

66,000 

244.300 

218,900 

•»'5,000 

4,3(XI 

16.(00 

4,2tW 

UWO 

172.200 

12,CO0 


Legal  Net 

Tenders.  Deposits. 

l;..';8s.ioo    n.?io,2iio 


56.400 
500,100 
161,000 
3.900 
19.100 
2,500 

96'.7(lb 
2,000 


i.ns.ioc 

3,169.800 
946,600 
626,200 

1.905.900 
19.1,3(10 
711,000 
454.600 

eoi.eto 

2,378,6(0 
732.200 
392,900 
2  5,1100 
209,100 
95,400 
541,000 
263.900 
69j,100 

2.272,100 

1. 223.500 
64.1.200 
888.800 
941,800 
635,400' 
1114.800 
13I.50O 
687.000 
6,'6.700 
006,000 

!  ,6Vi.000 
407,900 
2r>.i,700 
837,900 
i50,4(O 
6:9.7(0 
8(0,000 
604,000 
150.900 
461,000 

3,9,i5.600 

4.448.  Ji;0 
262.600 
!64,»00 
127,100 
1M.600 
126,700 

S.823.8r0 

1,638.000 
410.000 

1,3.13.200 
981.5(0 

1.706.2(10 
215,200 
255,110 
216.000 
286,000 
597,700 
491,200 


5,029.100 
8,796.000 
5.-.23,200 
3,19».200 
8.163,600 
2,738,«0 
4,705,600 
1.6^6,100 
1,193,100 
7,210.810 
2,lll,0'.O 
1,-08,600 
1,437.000 
l.i«6,V(iO 
851.4U0 
2,715.1100 

93t.,;oo 

2,721,000 
8.318.0(0 
7.655,a'0 
3.273,100 
3,»74.9«0 
2,(27,900 
2.^7,300 
3,46B,0(  0 
1,!6S,500 
2,761,600 
2,510,(100 
2,255.C00 

9,152.  :oo 

1.7:0.300 

1,967,700 

I.iil0,l(l0 

1,051,100 

S,i:>6  51 0 

2,131,300 

2,997.!  (0 

1,092,800 

2,10«,8U0 

16,476.400 

16,293,900 

S5'.',700 

614,200 

658.800 

584.(;00 

50O.2(C 

12,127,000 

6.501 ,000 

1  srjit.i  00 

5.1'.n,400 

6,586.400 

6,916,600 

1,018,800 

9(lS.70O 

857.600 

937.600 

8.237,100 

1. 713,200 


Circula- 
tion. 
I4.S00 

•,eu« 

458.M0 
268,100 

■'1,2(10 
381,100 

7S«,3C6 


4,5'l,00fl 

418.200 

1(0.000 

185,700 

2,700 

252,300 

57.VOO 

316.800 

412,000 

1.9(13,500 

8!.3,500 

225.000 

ibo.ei)i 

27..',90O 
5,500 

898.706 
122,900 
422.800 
138,800 

3.H0O 
200,500 
757,500 
735,700 

4,8C0 
439JSOO 

4,000 
1(6,500 
4^9.900 

suV,soo 


m.'.oo 

2.oiV,6i6 

1,323,0(10 

135  .a  0 

634.50U 
45,01)0 
49.400 
270^0 
?69,7(0 
225,000 
180,000 


Total     tiw'^^  1275.9:1,900    «9.920.90(l  153.45.5,400  I231.0;6.2(0»17,99:.7(0 

The  deviktions  from  the  returns   of  the  previous  week  are  as 


Specie...  Inc 

Legal  Tenders Dec. 


3,5:4.300 
1.217,500  1 


131,500 


The  following  are  the  totals  for  a  series  of  weeks  past : 


Loans. 

August   1  280.431.300 

Augaet  14  283.541,900 

Aug.itt21  282,981.200 

Augusta  232,335.900 

Sept.  1....  J1<2,a£4.30O 

S,.pt.  11...  883.143.200 

Supt.  It...  282,0;i.S0(l 


Sept.  25. 

Oct,  2 

Oct.  9... 
Oct.  16... 
Oct.  2.3... 
Oct.  iO.,. 


281.bli>,200 

■,n8.B4 1.300 

^82,;^3.6oo 

284.5-S.7('0 
280.584  700 
875,914,900 


Snecle. 

16.3S4,4CU 
13.442.10U 
12,335,700 
I2.OI5.10O 
10,210,300 
»,378,JWO 
7,386.5(KI 
7.il>9.20U 
6.448.900 
6.701,500 
6.:i»9.a)« 
6.WJ.6nO 
9,»J,9Uq 


Legal 
lenders. 
73.1,01.300 
7U.",2ii.!00 
;0.3'.«  1.700 
7(V..iO8.7O0 
70.606.3(0 
69.18.5.200 
67.938.000 
67.321.900 
6l>.4'.KI.6O0 
(kl.356.800 
56.19).«I0 
51.712.900 
53,455,400 


DenoRlts. 

231.461.8(0 
243.033  21 U 
2I6,17«,8(«) 
246,616,700 
213,;SS.800 
212.604.200 
239.880.100 
239.139.400 
234.4(13.600 
230.156.100 
228.698.^00 
228.471. WO 
221,076.200 


L'lrcu- 

iRtion. 
i5.5!i.s;)i) 

IS. 112.710 
11.231,500 
11.021.000 
18.12-..400 
17.;56.60O 
17.7)1.'00 
17.934  ,.^00 
17.925.800 
;7.>52.400 
17.812.80(1 
n.816.200 
17,997,700 


Aggregate 

Clearlnes 

S61.9M'.427 
:i(,3.^r>3.76J 
317.911, 176 
Sl.-.;.4:15  5(0 
389,912.661 
;'52.72S.1o5 
411.149,481 
4115.863.3;  I 
385.151.909 
403,:i46.65l 
41,5,965.N2> 
421.141.719 
44j,669,i{i9 


HoT«inber   6,  1875.1 


THE  CHRONICLE 


437 


S««t*a  Buiks. — Below  we  );>'•  >  iMtement  of  the  Beaton 
National  Baaka,aa  returned  to  the  Clearing  Houae  on  Monday, 
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de         do      IM  M..  I*s., 
4a         do      l«tll.,<.iw 

lad..Cta.*Lar.,la<Mv'! 

I  de  (l.OC  >  l.tM'..7.l«» 
Ituna  Mlawlj*.  U".^;;- •  . . . 
eta.  Baa .  *  Paytoa  tteek. . . . 

OelaaibaaaXaBlaBteak 

Daytoe  OMiebteaa  Mo«k .... 
do         8p  cafkcaai 

UttiaMlaaililoek 

^  LOi;illVII.I.B. 
I.oalaTUIatt.'nto-ri 

do  watai  <a,  tl  to  It, 

do  Water  Stock  la,  tl 

de        Wkarfia 

do  apeelal  tai  *•  of  tl 
i.«"Ma4.ri!l«»l.g*»l)1. 1 

de         do   J<1  »l 

de  do   l«  ll..1.1»OI^. 

ltairBPr^..lat»«..l.'»'2; 
do       UMilaT.UoaB.d/M 

L.  O  Maak.  Irt  M.  '-a.)  IJiJ 

le         do     (Ueb.  Br  .)!.•» 

2e  lalM.lMaai.  Br)7.7*-'1S. 

4e  laUI.(t«bAr.az>7.'M>.1k 

„   S  U>B.L-B(UBJ>r.ezl«.tl 

B  Eonao1.lalM..7,Uil.... 

mttrnt IT—  -  •--' 

.nSSr..  cla.  a  Laz..pi^ 
.  U^aannili 


do         _ 
tnila  *  ■aabTfUe. 


1(5 

n' 

■OS 
105 
W3. 

M 


tr„ 


107 


111 

101 X 


180 

IS 

I 


KS 

Mi 
87 
87 

II 0 


*l 
ICO 

IgV 


Ml 

M 
N 


:tl 

H 
1)4 

7S 

i<a 
\m 

M 
80 
100 


8* 

MS 

■» 

i 
ti 


IWH 
lOIH 


MA'-, 


438 


THE   CHRONICLE. 


[l»lovember  6,  1875. 


GENERAL  QUOTATIONS  OF  STOCKS  AND  BONDS  IN  NEW  YORK. 

XJ.  8.  Bonds  ana  active  Railroad  Stocki  are  quoted  on  a  previoiu  page.    Prieet  represent  the  ver  eent  vaiue,  whatever  t/ie  par  may  be 


ll»nTTI»TTTW«. 


Bid. 


Kiate  Honda. 

tUbama  fs«.  1B8S 

do      Sa.ISM 

B>,!sa6 


do 
do 
do 
do 
do 


8s,  Mont.  &  Rnf 'I*  R. 
8a,  Ala. &  Chat.R.... 
.of  18W.. 


4rkan8a6  6a,  funded. . 


do  T«.  L.  R.  *  Ft.  S.  te» 
do  Is.  Memphis  4  L.  R 
do  -B.L.K..T.H.*N.O. 
do  7s,Ml»8.().  *  R.  RIv. 
do       78,  Ark.  Cent.  R.  ... 

CallfornlaTs 

do        7s,  large  bonds.,  ... 

GonnectlcDt68 

Oaorgla  68 

do       78,  new  bonds 

do       78,  endorBcd 

do       78,  gold  bonds 

TndlanaSs 

UllnolB68  conpon,  \f^ 

do  do       :879 

(10       Warloan 

Kentncky  6e 
Louisiana  68 


do  new  bonds..  .. 
do  new  floating  debt 

7«.  Penitentiary 

68.  levee  bonds 

8s,         do  

86,         do  1875.. 

88 of  1910.. 

Michigan  68, 1878-7S 

do       68,1883 

do       7s,1890 

masonries,  due  Id  1S75....  .... 

do      do  1876 

dc  1877.. 

de  187? 

do  1879 

do  1880 

Funding  bonds  due  In  1891-6. 
Long  bds.  dne  "81  to  '91  Incl.. 
Asylum  or  Unlver8..due  1892. 
Han.  A  St.  Joseph,  due  1875. 
do      do  do  1876. 

do       do  dj  1S86. 

do      do  do  18S7. 

New  York  Bounty  l^oan,  re?. . 


do 
do 
do 
do 
do 
do 
do 


do 
do 

do 
do 


» 

lU 

111 

10 

10 

10 

19 
115 
1U7 

91 
lut 

98X 

mi 

112 
IIH 

96 

86 


do 
do 
do 
do 
do 
do 
do 
do 


do  coup. 
6b,  Canal  Loan,  1377. 
68,         do  1878. 

6s,  gold  reg 1887, 

68,   do     coup.. 1887. 
6s,   do     loan  ..188!^. 
6s,   do       do 
58,   do       do 


..1891 
.  .      -  ..1876. 

North  Carolina  68,  old,  J.  ^  J.. 
.&0.. 
.4  J.. 
.4  0, 


A 

N.  C.  RR....J 

do  ....A, 

docoupoff.J.  &  J. 

do    do  off.A.&O.. 

mndlng  act,  1866... 

do        1863... 

Kew  bonds,  J.  4  J.. 

do  A.  4  O.. 

Special  tax.  Class  1. 

do      Class  2. 

do      ClaBsS. 


do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
Ohio  6e,  1875. 

do    68,1881 

do    68.1886. 

Rhode  Island  6s 

South  CftroHnR68 

do       Jan.  4  July 

do        April  &  Oct 

do  Funding  act,  1866. . . 
do  LandC,  1889,  J.4  J. 
do       LandC,  1889,  A.  4  0 

do       78 of  1888. 

do      nonf  undable  bonds. 

Tennessee  66,  old 

do      do  ex  coupon 

do      do       do  new  serlet 

Texas,  108,  of  1876 

Virginia  68,  old 

do       do  new  bonds,  1866... 
do       do       do  1S67... 

do       do  consol.  bonds 

do       do    ex  matu  d  coup 
do       do    consol.  2d  series., 
do       do  deferred  bonds..  . 
District  of  Columbia  8.608 

Railroad  stocks. 

(Actirf  prtFioiiHtf/  quoted.) 

Albany  &  Susquihanna  

Central  Pacirtc ; 

Chicago  &  Alton 

do  do    nref.. 

Chic.,  Bur.  4  Qulncy 

Cleve.,  Col.,  Cfn.  4  Indlanap  . 
Cleveland  4  Pittsburg, guar... 

Dubuque  4  Sioux  City 

Krle  pref 

Hannibal  4  St.  Joseph,  pref. . . 

Illinois  Central 

Indlanap.  CIn.  4  Lafayette 

Jollet  4  Chicago 

Long  Island 

Marietta  4  Cln.,  1  st  pref 

do  2dpref 

Michigan  Central 

Morris  4  Ksscx 

Missouri,  Kansas  4  Texas.   . . 

New  Jersey  Southern 

N  v..  New  Haven  4  Hartford. 

Oblo  4  Mississippi,  pref 

Pacific  of  Missouri 

Pitts.,  Ft.  W.  4  Chic,  guar. . . . 
do  do    special.. 

Rensselaer  4  Saratoga .   

Rome,  Watertown  4  Ogdens. . 
8t.  Louis,  Alton  4  T.  Haute. . . 

do  do  do       pref 

Belleville  4  So.  Illinois,  nref.. 
St.  Louis,  Iron  .Mount.  4  South 
Toledo,  Peoria  4  Warsaw  .  . . 
Toledo,  Wall.  4  Western,  pref. 
lVliiicellaiie<inMM*>4*k« 
American  I'lstrlct  Telegraph. 

Boslon  WMler  Power 

Canton  Co..  Bulthnore 

Cent.  N.  J.  Land  tmprov.  Co. 
De'aware4  Hudson  Canal.... 

A''><*rieRn  (;oAi.   ...         ....,,, 

CnnNnll'laMon  t:oal  of  yt..'. 
Slurlposa  L.4M.Co.,af.8*tpald 
do       do  nrnf     " 

Cnmberland  Coal  4  Iron 

Maryland  Coal 

Pennsylvania  Coal.... 
Spring  Mountain  Coal 


101  \ 
lOlJ. 

'■!'♦ 
so:*. 

10:5. 

loijv 
ii'i« 

lUl 

0:H 
01  >> 

101 

101 


8 
3K 

»% 
102  >i 
109 
107 
107 

31 

80 

30 

3U 

to 

SOX 

A'^ 

46 
lOU 

■jay. 

40 
•10 
6» 


39K 


Aik, 


102 


107)4 


i2>4 


81K 
W3>, 


114 
IMX 

5" 
12' 


1203, 

49 


«x 


62S^ 
103.it 


115 
33 

9151 

lis" 

7' 


48 
9 
lOH 

19 


■xctrBiTtn. 


Railroad  Ronda. 

tStock  i:xr)t(tnite  /VlrM.) 
Albany  4  Susq.,  1st  bonds...  . 

do  do       2d     do     

do  do      Sd     do    

Boston,  Bartf .  4  Erie,  Ist  mort 

do  do  guar 

Bur..  C.  Rapids  4  Minn.  1st  7s,  g 

Chesapeake  4  Ohio  6s,  Ist  m.. . 

do  do        ex  coup 

Chicago  4  Alton  sinking  fund. 

do  do     1st  mort 

do  do     Income 

•Toilet  4  Chicago,  Ist  mort 

Louisiana  4  >1o.,  1st  m.,  guar. 
St.  LouiR,  Jack,  4  Chic,  1st  m. 
Chic,  Bur.  4  Q.  8  p.  c.  Ist  m. . 
do  do    consol.  m.  7e 

Chicago,  Rk.  Island  4  Paclflr 
do         S.  F.  Inc.  6i,'95 
Central  of  N.  J.,  Ist  m.,  new. . . 

do  do      l8t  consol 

do  do     con. conv 

Lehigh  4  TVIIkcB  B.  con.  guar. 
Am.  l>ock  4  Improve,  bonds. . 
Mil.  4  St.  Paul  1st  m.  8s,  P.  D. 


Bid.  Aak. 


IIIH 
107\ 


do 
do 
do 
do 
do 
do 
do 
do 
do 


do  7  ^10  do 
7s,  gold,  R.  D. 
lstm..LaC.D. 
lstm.l.4M.D 
Istm.  I.4D.. 
iBtm.  H.4D. 
iBtm.  C.  4M. 
iBt  Consol. 
2d  m.     do 


Chic.  4  N.  Western  sink,  fund 


do 
do 
do 
do 
do 
do 


do 
do 
do 
do 
do 
do 


Int.  bonds, 
consol.bds 
ext'n  bds 
Ist  mort. 
cp.gld.bds 
reg.  do 


-owa  Midland,  tst  mort.  88 
Galena  4  Chicago  Extended... 

Peninsula.  1st  mort.,  conv 

Chic  4  Milwaukee,  Ist  mort.. 

Winona  4  St.  Peters,  1st  mort. 

do  do  2d  mort.. 

C.,C.,C.4  lnd's.lBtm.78, 8.  F. 

do  Consol.  m.  bonds 

Del.,Lack.4  Western.idm.  , 

do  do      7s,  conv 

Morris  4  Essex,  iBt  mort 

do  do      2d  mort  

do  do     bonds,  1900... 

do  do      construction . 

do  do     7sofl871 

do  do     Ist  con.  guar. 

Erie,  1st  mort.,  extended 

do       do  endorsed....... 

do    2d  mort.,  78, 1879 

do    »d    do     78,1883 

do     4th  do      78,1880 

do     5th  do      78,1888 

do     78,  conB.  mort.  gold  bds. 

Long  Dock  bonds 

Bull.,  N.  Y.  4  Erie,  Ist  m.,  1877. 
do       do  do     large  bds  , 

Han.  4  St.  Jo.  land  grants 

do         do    8s, conv.  mort... 
Dubuque  4  Sioux  City,  1st  in . . 
do  do         2ddlv. 

Cedar  Falls  4  Minn.,  1st  mort. 
Indlanap.,  Bl.  4  W.,  Ist  mort. . 
do  do        2d  mort. 


Mich.  So.  7  p.  c  2d  mort. 
Mich.  S.  4  N.  Ind.,  S.  F.,  7  p.  c 
Cleve.  4  Tol.  sinking  fund. . . 


do         do    new  bonds  

Cleve.,  P'vllle  4  Ash.,  old  bds 

do  do     new  bds 

Detroit,  Monroe  4  Tol.  bonds. 

Buffalo  4  Erie,  new  bonds 

Buffalo  4  State  Line  78 

Kalamazoo  4  W.  Pigeon,  Ist 

Lake  Shore  DIv.  bonds 

do  Cons,  coup.,  Ist... 

do  Cons,  reg.,  Isl 

do  Cons.  coupM2d — 

do  Cons,  reg., 2d...... 

Marietta  4  Cln.,  1st  mort 

Mich.  Cent.,  consol.  78, 1902  .. 

do  1st  m.8«,  1882,8.  f. 

do  equlpm't  bonds... 

New  Jersey  Southern,  Istm. 7s 

do  do     consol.7s 

If ew  York  4  New  Haven  6s.. . . 

N.Y.Central  68,1883 

do  68,1887 

do  6s,  real  estate 

do  6B,  subscription. 

do  78,1876 

do  7b,  conv.,  1876 

do  4  Hudson,  Ist  m.,conp, 
do  do     Ist  m.,  reg... 

Hudson  R.  7s,  2d  m.  B.  f  d.  1^.. 

Harlem,  Ist  mort.  78,  coup 

do  do  reg 

North  Missouri,  Ist  mort 

Oblo  4  Miss.,  consol.  sink,  fd 

do         do     consolidated 

do   -.     do     2d     do  

do  do      Ist  Spring,  div. 

Central  Paclflcgold  bonds.... 
do  Ban  Joaquin  br'nch 
do  Cal.  4  Oregon  1st. . 
do  State  aid  bonds 

do  L.  <T.  bonds 

Western  Pacific  bonds 

Union  Pacific,  Ist  mort.  bondB 

do  Land  grants,  78. 

do  Sinking  fund.. 

Mlantic  4  Pacific  lander,  m. 

South  Pacific  RK.  bds.  of  Mo. 

Pacific  R.  of  Mo.,  iBt  mort.  .. 

do  do         IstCaron'tB. 

do         do         2d  mort 

Pacific  R.  78,  euarant'd  by  Mo . 
PltU.,  Ft.  W.  4  Chic,  1st  mort. 
do  do     2d  mort. 

do  do     3d  mort 

Cleve.  4  Pitts,  consol.  8.  fund. 

do  do     4th  mort 

Col.,  Chlci  4  Ind.  C.  Ist  mort  . 
do  '^t'    2d  mort.. 

Rome,  Watert'n  4  Og.con.  Ist 
St.  L.  4  Iron  Mountain,  Istm. 
do  2d  a 

Alton4T.H. ,1st  mort 

do  do     2d  mort.  pref.. 

d)  do      2d  mort.  Income 

Belleville  4  B.  III.  R.  Ist  m.  8s 

Tol..  Peoria  4  Warsaw,  E.D.. 

do  do       W.  D.. 

do  do  Bnr.  DiT. 

do  do  2d  mort., 

do  do  contol.7B 


HI 
106M 


98 
115K 

lo-.a 

'.09 
99 
111 
lOJ 

95  i, 
1(10 
UOX 

9iX 

S'l 

83K 

SI 


78 
US 
16 
96.S 

e6' 

10.-. 
V8 
113 

lis 
,oa 

lOO 

101 

104  X 
106* 
100« 

lOOX 
95 


St 

108 

77  X 
114 
lOi 

81 

27 
8 

00 
105 

m\ 
102 

03 
101 
101 
103 
lOl 

99X 
102 
111 

96)« 

106' 

100k 

V.2\ 


102 

105>. 
10) 


lOSJs 


icox 

102 
99 


118 
-.14 
II2K 
UOX 
09 


87>s 
65  ik 

102k 
81 

IM 

91 

96 
101 X 

97X 

8251 

48H 
7»X 

62H 
lOik 
1:5 
101 
100 

:04 

102 
48 


90X 


117 
lOIX 


lOiJJ 
95» 


S2)i 


siouaiTixs. 


Tol.  4  Wabash,  1st  m.  extend. 

<0  do        Istm.St.L.dlv 

do  do       2d  mort.. 

do  do       equlpm't  bds. 

do  do       con.  convert., 

Hannibal  4  Naples,  1st  mort.. 
Great  Western,  1st  mort.,  1888. 
do  2d  mort.,  1893.. 

Qulncy  4  Toledo,  Ist  mort.  1890 
nitnoIs4  So.  Iowa,  1st  mort... 
Lafayette,  Bl'n  &  Miss..  Istm. 
Uan.4  Central  Missouri,  Istm. 
Pekln,L1ncoln  4  Decatur,  1st  m 
Cln.,  Lafayette  4  Chic,  Ut  m. 
Del.4HudsonCanal,lBtm..'91  ; 

do  do  1884 

do  do  18T< 

Long  Island  RR.,  Ist  mort. . 
South  Side,  L.  1.,  Ist  m.  bonds. 
Western  I'nion  Tel.,  19lO,coup 

jniorrllaneniia  l.l«t. 
iBroter''  QuotatUma.i 

CITIKB. 

Albany,  N.T.,  68 

Buffalo  Water 

ao      Park  

Chicago  6s,  long  dates. 

do       78,  sewerage 

do       Is.  water 

do      78,  river  Improvement 

do      7b.  various 

Cleveland  7s 

Detroit  Water  Works  7s. 

Elizabeth  City,  due '95 

"        "    '85 

Hartford  6a-..     

Indianapolis  7*808  

Newark  City  78 

OBwego 

Poughkeepsie  Water 

Rochester  City  Water  bds.,  '93  I 

Toledo  JMs ' 

Yonkers  Water,  due  1908... 

KAIl.KllAH,'. 

Atchison  4  P.  Peak,  68,  gold.. 
Atlantic  4  Pacific  L.  O.  Cs,  gid. 
Atchison  4  Nebraska,  S  p.  c. . 
Bur.  4  Mo.  Rlv., Land  m.  7s... 


do 
do 
do 
do 
do 


2dS.,do  7s.... 
8dS.,do  88.... 
4tb8.,do88... 
5th  S.,  do  88. . 
6th  S.,  do  88. 


lftj>i 

ii9' 
111 

116k 

89i 
b6>.. 
I62X 


92X 
96>4 
.02 
97K 
82  J, 

56" 
80 
80 
6« 


55X 


85 

86 

M 

72 

99 

70 

TJ 

111 

<W 

as 

Bur..C.K.4M.  (M.dlv.),g.7s. 

Calro4  Knlton,l8t7s,gola  .. 

California  Pac  KK.  78,  gold... 
do  6s,  2dm., g 

Canada  Southern  1st  7s,  gold  . . 

Central  Pacific  7s,  gold.  conv.. 

Central  of  Iowa  1st  m.  7s,  gold 
do  do     2d  m.  7s,  gold 

Keokuk  4  St.  Paul  88...   " 

Carthage4  Bur.  8s 

Dixon,  Peoria  4  Han.  Ss. 

O.  O.  4  Fox  R.  Valley  88. 

Qulncy  4  Warsaw  88 

Illinois  Grand  Trunk 

Chic,  Dub.  4  Minn.  8s... 

Peoria  4  Hannibal  R.  8s.. 

Chicago  4  Iowa  It.  8s... 

American  Central  8s 

Chic  4  S'tbwcslern  7s,gnar.,. 

Chesapeake  4  O.  2d  ni.  gold  7t 

Col.  4  Hock.  V.  Ist  7s,  S»  years 
do  if)     1st  7s,  10  years 

do  00     2d  7s.  20  years 

Chicago,  Clinton  4  Dub.  Bs  . 

Chic  4  Can.  South.  1st  m.g.7s 

Ch.  D.4V.,  I.dlv.,  Istm.g.  7s. 

Chic,  Danv.  &  VIncen's  7s,  gId 

Connecticut  Valley  78 

Connecticut  Western  1st  7s. . 

Chicago  4  Mich.  Lake  Shore. . 

Dan.,  Urb.,  Bl.  4  P.  Ist  m.  7s,  g 

Des  Moines  4  Ft.  Dodge  Ist  7s. 

Detroit.  Hillsdale  4  In.  RR.88. 

netrolt  &  Bay  City  88  guar. . 

Detroit,  Eel  River  4  111.  88.. . 

Det.,  Laos.  4  Lake  M.  1st  m.  8s 
do  do     2d  m.  8e 

Dutchess  4  Columbia  78 

Denver  Pacific  7s,  gold.. 

Denver  4  UIo  Grande  7s,  gold. 

Evansvllle  &  Crawford8V.,78. . 

Erie  4  Pittsburg  Ist  7s 

do  do         2d  7s 

do  do         7b,  equip.... 

Evansvllle,  Hen.  4  Nasliv.  7s. . 

Ellzabethtown  4  Padu.8s,con. 

Evansvllle.  T.  II.  4  Chic  78,  g. 

Flint  4  Pere  M.  7b.  Land  grant. 

Fort  W.,  Jackson  4  Sag.  88 — 

QrtndR.  4Ind.  I8tguar7s.... 
do  Ist  L.  G  7s... 

do  Ist  ex  L.  G.  7s 

Grand  River  Valley  Ss 

Hous.  4  Texas  C.  1st  7b,  gold.. 

Indlanap.  4  VIncen.  1st  ts,  guar 

Iowa  Falls  4  Sioux  Cist  7s... 

Indianapolis  4  St.  LouIs7b 

Houston  &  Gl.  North.  Ist  7s,  g. 

International  (Texas)  Ist  g... 

Int..  H.  4  G.  N.  conv.  88    — 

Jackson.  Lansing  4  Sag.  8s. .. 

Kansat  Pac  7s,  extension,  gold 
do  7s,  land  grant,  gld 
do  Is,  do  new  gld 
do  6s,gld,  Juiie4Dei 
do  6s,  do  Feb.  4  Aug 
do  7s,  1876,  land  grant 
do  78,  Leaven,  br'nch 
do  Incomes,  No.  11.. 
do  do  No.  16. . 
do        Stock 

Kalamazoo  4  South  H.  8s,  guar 

Kal.,  Alleghan.  4  G.  R.  Ss.guar 

Kansas  City  4  Cameron  lOs. . . 

Kan.  C,  St.  Jo.  4  C.  B.  8sof  "85 

j       do       do  do    8s  of  '96 

Keokuk  4  Des  Moines  1st  7s. 
do        1st  coup.  Oct.,*76 
do  funded  Int.  8b 

1  do  pref .  stock. 

L.  Ont.  ShoreRR.  Ist  m.  gld  78. 

iLakeSup.  4MI88. 1st  7s.  gold. 

Leav.,Atch.  4  N.  W.  7s,  guar.. 

Leav.,  Law.  4  Gal.  1st  in.,  10s.. 

Logans.,  Craw.  4  S.  W.Ss.gld. 

Michigan  Air  Line  Ss 1 

Montlccllo  4  P.  Jervls  7s,  gold 

Montclalr  1st  7s,  gold 

Mo.,  Kansas  4  Texas       gold.. 

Mo.  R..  Ft.  S.  4  Gulf  Ist.B.  10s. 
do        do         do   2a  in.  10s. 

N.  Haven,  MIddlet'n  4  W.  7s. . 

N.  J.  Midland  1st  7s,  gold. . 
do  2d7a 


Bid. 

Aak 

nn 

55 

s-\ 

47 

49 

20 

77" 

•,i" 

50K 

50 

isk 

v 

;iis 

IIOK 

99 

101 

90 

9S 

98 

:« 

K6 

10« 

107 

KM 

107 

96 

-.(III 

;ois 

105 

101  i. 

104  V 

;o4i« 

104* 

lint 

Km 

nay 

106 

KWK 

96 

97 

»S 

99 

102 

iin 

iim 

i'i2 

107 

IIW 

.03 

101 

MP 

106 

KM 

106 

lltt 

KB 

101 

106 

20 

25 

15 

'2ll 

811 

1115 

lOK 

IIIN 

108 

K« 

K>9 

22K 

26 

!6 

68 

HI 

7(1 

50 

t-n. 

IIMK 

1(5S< 

33 

35 

104 

104 

1114 

104 

IIM 

1114 

20 

40 

101 

92 

VI 

KM 

fl* 

15 

93    1  .... 

92        .... 

...    90 

20 

40 

16 

•211 

36 

•25 

■M 

92 

94 

70 

73 

25 

:« 

SO 

32>i 

!t) 

97 

\m 

60 

70 

60 

.15 

DO 

.S2V 

SO 

55 

95 

iim 

85 

75 

M 

60 

75 

84 

90 

-15 

60 

70 

IIKI 

iOS 

78 

90 

55 

IIHI 

19 

80 

■iK 

S8 

95 

75 

82  S 

5.> 

60 

65 

60 

96 

9R' 

IH 

T2 

•|.^ 

60 

, 

65 

60 

T2 

95 

55 

65 

■211 

16 

10 

UK 

M 

IIKI 

92 

96 

95 

KKI 

SO 

90 

T2K 

75 

92H 

95 

2(1 

•25 

60 

25 

60 

18 

22 

5 

10 

IIXI 

106 

40 

'25 

','S 

46 

48 

90 

65 

40 

XI 

35 

30 

82H 

W 

14 

■■OUBITIXS, 


New  Jersey  4  N.  Y.  7b,  gold. 
N.  Y.4  0BW.MId.  Ist  7s, gold. 

do  do        2d  7b,  conv. 

Nortt .  Pac.  1st  m.  gold  7  S-lOs.. 
|Omal  a  4  Sonthwf  aiern  Kit  a? 
Oswego  4  Rome  7b,  guar... 
Peoria,  Pekln  4  J.  Ist  mort. 
Peoria  4  Rock  1.7s,  gold... 
Port  Huron  4  L.  M. 7s. gld, end 
Pullman  Palace  Car  Co.  stock, 
do  bds,  8s,  4th  series 
Rockf 'd, R. 1. 4  St.  L.  1st  7s.gld 
R,.-.i»  *  -■  ••1Wl*t^<^  7s. gold... 

Sioux  City  4  faciflc  oo 

Southern  Minn,  construe.  Ss.. . 

do  7s 

8t.  Jo. 4  C.  Bl. Ist  mort.  10s... 

do         do  8p.  c. 

Bt.  Jo.  4  Den.  C.  SB.  gld,  w.  D. 

do  do    8s,gld,E.  D.. 

Sandusky,  Mans.  &  Newark  78. 
St.  Louis,  Vandalla  4  T.  H .  1st. 

do  do  2d.  guar. 

St.  L.  4  So'eastcrn  1st  7s.  gold. 
St.  L.  4  I.Mt.  'Ark.Br.i78,  g. 
Southern  Central  of  N.  Y.  7b... 

Union  4  Lognnsport  7s 

LTnlon  Paclllc,  So.  branch,  6s,  g 
Walklll  Valley  1st  7s, gold.... 

West  Wisconsin  78,  gold 

Wisconsin  Valley  8s 

Sonlliern  Hecnrltlea. 

'.Jirokertt*  QnnUiuons:, 

BTvTI'B. 

Louisiana  new  consol.  7s 

South  Carolina  new  consol.  6s. 
rexas  State  lis,  iSn 

do        6s,  1891-2 

do        7s,  gold  

do       Ills,  of  18*1 

do      10s,  pension 

CITIKS. 

Atlanta,  Ga.,  7b 

do       Bs 

AnguBta.Oa.,  7s,  bonds 

Charleston  stock  68 

Chnrleslon.  S.  C,  78,  F.  L.  bds. 

Columbia,  S.  C,  6s 

Columbus,  Ga.,  7s,  bonds 

Lynchburg6s    

Niacon  78,  bonds 

Memphis  old  bonds,  6s 

do       new  bonds,  6s 

do       end.,  M.4C.  RR.  ... 

Mobile  5s, ICO ups.  on) 

do      88, (coups,  on) 

Montgomery  88 

Nashville  6s,  old 

do        68, new 

New  Orleans  58 

do  consol.  6s 

do  bonds,  78 

do  gold  7b,  quarterly 

do  10s 

do  to  railroads,  6a. . 

Norfolk  6s 

Petersburg  63 

Richmond  6s 

Savannah  7s,  old 

do        78,  new 

Wilmington,  N.C.,68,gold.... 
do  do     Ss,  gold.... 

RATLKOADB. 

Ala. 4  Chatt.  1st  m.  8s.,  end.... 
Ala.  4Tenn.R.  Ist  mort.  76... 
do         do         2d  mort.  7s — 

Atlantic  4  Gnlf,  consol 

do  do    end.  Savan'h. 

do  do    stock.... 

do  do      do    guar... 

Carolina  Central  1st  m .  6s,  g. . 
Central  Georgia  consol.  m.  7s. 

do  stock 

Charlotte  Col.  4  A.  1st  M.  7b..  . 

do  do       stock 

Charleston  4  Savannah  68,  end 
Savannah  4  Char.  Ist  m.  7s  . . 

Cheraw4  Darlington  7s 

EastTenn.4  Georgia  68 

East  Tcnn.  4  Va.  6s.  end.  Tenn 
t.  Tenn.  Va.  4  Ga.  Ist  in.  7s. 

do  do        stock 

Georgia  RR.  78 

do  stock.  

Greenville  4  Col.  7s,  guar 

do  do    7s,  certif 

Macon  4  Brunswick  end.  78... 

Macon  4  Augusta  bonds 

do  do       endorsed.... 

do  do       stock 

Memphis  4  Charleston  let  78.. 
do  do  2d7d.. 

do  do         stock  . 

Memphis  4  Little  Rock  1st  m.. 
Mississippi  Central  1st  ni.  Is. . . 

do  2d  m.  8s 

Mississippi  4  Tenn.  Ist  m.  7s., 

do  do     consol.  8s. 

Montgomery  4  West  P.  Ist  Ss. 

do  do  Income 

Mont.  4  Enf aula  1  st  88,  g.  end. 

Mobile  4  Ohio  sterling 

do  do       do     ex  certll 

do  do  Ss,  Interest 

do  do  2dinort. 8s.... 

do  do   stock 

N.  Orleans  4  Jacks,  ist  m 

do  do    certif '8  Ss  . 

N.  Orleans  4  Opclous.  I8t  in.  Ss 

Nashville  4  Chattanooga 6s... 

Norfolk  4  Petersburg  Istm. 38 

do  do  78 

do  do  2dm.Ss 

Northeastern,  S.  C,  1st  m.  Ss.. 

do  2dm.Ss... 

Orange  4  Alexandria,  Ists,  6s.. 

do  do  2ds,  68.. 

do  do  3ds.  88. 

do  do         4th8,  bs. . 

RIchm'd  4  Petersb'g  1st  m.  78. 

Rich.,  Fre'ksb'g  4  Poto.  6s. . . . 

do  do  conv.7s 

Rich.  4Danv.  Ist  consol.  6a... 

Southwest  KH.  Gu.lstm. 

S.  Carolina  BR.  Isi  lu.  7s,  new. 

do  68 

do  7s 

I        do  Btock 

West  Alabama  Ss,  guar 

I  PAST  DITK  COUPONS. 

ITennessee  State  coupons 


jVlrginia  coupons.. 
!      do       consol.  coup... 
Memphis  City  coupons.. 


Bid.  Ask 


90H 
IS 
4V 
16 

K5 

100 
75 
50 
25 
S2 


12 


55 

95 
^2H 
99 
IfS 
100 


10 

40 

50 

90 

70 

70 

94 

GO 
100 

70 

54 

52 
100 

88 

90 

15 

85 

65 
9 

65 

80 

65 

90 

64 

95 

60 

25 

46 

46 

32 

15 
5 

8S 

80 

IS 

76 

93 

f8 

S'2 

92 

85 

90 

76 

91 

65 

90 

80 

SO 

78 

92" 

:6 

60 
10 
30 


Norember  6, 1375  ] 


THE   CHRONICLE. 


489 


NEW  YORK  LOCAL  SKOURITIES. 


Insarmnce  Stock  LUI. 

{Qaotallop*  t>T  K.  B.  Hailit.  brofcer.  w  Wall  iitr«et.> 


ffMUra  ow  iJafet  Co. 

OtUMM'OatC*  iBklja 


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f  MMa.  nreokl/a. 


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W CvNaB*.  ■■<  ItM  »ar  Mil  by  ifea  M.  Mlekbl<a,1wr«  Maoa  baaa  daeUrad 
wakara  aaiMfttaa. 


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raeala^  (Broekl/a' 

rc«Mtv 


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If. IS       ">^ 


imr'."'au  MP 


101 X I  1" 


Jt.acOr .«..«  <>tii'«i/lirTr— SUM.* 


7  '..77...   .1  kak' 


af  ■aumrataaXfc 


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Capital 


Par  AmooBt. 


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mjn 


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3 


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July.  IS..! 

Joijr.'n..'; 

jiilT.'TS  .« 
■Inl7,*a..5 
jQljr,*3..< 
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July.TI  .: 

<xx'r.'rt..i 

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JulT.-!*.7)( 
July,  "T5,. II 
luly,"'»..5 
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Jnly.TS..? 
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Joly.  T.IO 
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July."  S.,» 
■lBiy,TS..S 
jBiy.  -a. 
■Biy.';»..5 
July.  "5  .4 
JBly.  -S 
July,  "n.lfl 
Jtly.TS..» 
Jb^.^S..!! 
Jb  ».-a.li 
JBly."ai..S 
Jnly,T5,lf> 

•IB    t.TS.lO 

July.';s..< 
I'ly.Tv.lO 
Abk  .TK.IP 
July,  "IS..' 
J.iy.  T*.. 

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July.  11. 
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tf  PABiai.  A.  <9oBA»,  Broker. »  Wall  traat.l 


waiatatacJi.,, 


kMo*  A4aa«-cl Block. MM. 
4o      a<»aa  aa«  aaUM 

Caatnl  rark  baUTIBUi. 


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naaiiiHJa«a<*«aa» <ar. 

tbaatHBa.Maak rar. 

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WMUkaata 


E«v  raaaatMai'd., 
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uSp  Co.  tiniit.'.".'.'.".'.' 

do  do     

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IIITBttftST. 


7 

« 
• 
7 

« 

7 

V 

7 

•V 


Maaita  rajabla. 


rak,,May  Aa«,A  ICo*, 
do  do 

do  do 

do  do 

do  do 

May  *  VoTambar. 

rab,T>i*y  Am.*  Hot. 

do     do 

do     do 

do     do 

May  A  HoTambar. 

I>b.,MayVAB«°.*  Xe*. 
May  A  RoTc^>ar, 
do  do 
do  do 
do  do 
do  do 
do  do 
do     do 


Jaaaary  *  Jnly. 

Jaaaary*  Jaiy. 

do  do 

Jaa.,May,Jsly*|CoT. 

Jaaavy  aad'jaly. 

Bssaa.  Jr„  Brokar,  >M 

iaaaary  *  July, 
do  do 

io  Ho 

do  do 

do  do 

ao  do 

do  do 

May  *  Xorambar. 
no  do 


Boodadaa. 


mft^ 


uM-mi 
t9M-i9go 

1107-11 

irvta 

lt»-«6 
MM 
1901 
IHS 

vmt-n 

1909 

m»-9o 

1901 
19M 
1*]»-*1 
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19*1 

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I99»-I9ai 

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l<r»-at 

ISr4-1900 

wyi  at.] 

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410 


THE  GERONICLE. 


;tKovembt>  6,  1875. 


3nocstmentB 

AND 

STATE,  CITY  AND  CORPORATION  FINANCES. 


The  "  Investors'  Supplement"  is  publiahed  on  tbe  last  Saturday 
of  each  month,  and  furnished  to  all  rej^ular  Bubscribers  of  the 
CuRONiCLB.  No  single  copies  of  the  Supplement  are  sold  at  the 
office,  as  only  a  sulHcient  number  is  printed  to  supply  regular 
subscribers. 


ANNUAI.    REPORTS. 

Grand  Trunk  Ralhvay  of  Canada. 

(For  tlM  Half-  Tear  Ended  June  30,  1873.) 
eport  for  tho  half-yrar  ended  June  30,  1875,  states— 

June  half         June  halt 
„^  .   ,  ^  ,  of  1814.  of  1876. 

The  gross    cceipts  upon  the  whole  nndcrtakin:;,  in- 

clHrtliit'  Bnll'iilo  &  Chaniplain  lines,  liave  been £1,003,561  £909,075 

Which  arc  ri'ducud  by  the  disconnt  on  American  cur- 
rency.... . 9,019  ]6,9«7 

To......  je99»,MJ 

Deduct  working  e-tpenses  (being  at  the  rate  of  7854 
^pcr  cent,  against  7883)for  the  corresponding  ball  of 
la  * 


£893,143 


last  year. 


782,00J 


701,480 


Leaving  a  sum  of £317,540 

From  this,  however,  has  to  be  deducted  the  postal  and 
military  revenue  due  for  the  half-year,  to  Ihe  bond- 
holders          16,209 


£191,638 


16.283 


Whichloavcs , £«)1,331  £175,405 

Applicable  for  the  payment  of  interest.  &c.,  on  l«od!,  duto  on  mort- 
gage to  Bank  of  Upper  Canada,  &c £2'2.350 

Atlantic  «&  St  Lawrence  lease  (in  full) ',,  52.5^8 

I.ewisti/n  &  Anburn  railway  rent *.'....!'.!!!!  1541 

Detroit  line  lease  (in  full)  ..'."..'.'.'.'!  11*250 

Montreal  &  Champlain  bond  interest V.V.V.V.V.V.'. *.'.*.!  12*,' St 

Bntfitlo  &  Lake  Huron  rent ;".i!!'.!l"  !!'.*.*!  33!oo6 

First  ciiuipmeut  bond  interest ...'..'.'....'...!  15^000 

Second       do              do             !.!.!.,.'  15^000 

Five  per  cent  perpetnil  debenture  stock 12  5C0 

Leaving  a  balance  of ...1..  144 

£175,404 

There  has  therefore  been  for  the  past  half  year  no  balance 
available  for  dividend  on  the  preference  stocks,  and  the  above 
sum  of  £143  lOs.,  added  to  the  balance  from  the  last  account  of 
£1,180  Is.  Id.,  makes  a  total  amount  to  be  carried  forward  to  the 
Jiext  account  of  £1,333  lis.  Id.  The  operations  of  the  Company 
for  the  past  six  months,  have  been  carried  on  under  circumstances 
of  th(!  greatest  difficulty  and  anxiety,  brouglit  about  by  causes 
■which  all  must  see  to  have  been,  entirely  beyorfd  the  control  of  the 
directors,  or  the  Executive  in  Canada.  They  have  resulted  in  a 
decrease  of  the  gross  receipts  (after  deduction  of  loss  on  American 
curreucy)of  £10«,393,  or  10-64  per  cent,  as  compared  with  the 
corresponding  half  year  in  1874,  although  there  has  been  at  the 
same  time  ai;  actual  increase  in  the  work  done.  These  causes 
have  been  mainly  :  1.  The  great  depression  in  trade  and  deprecia- 
tion in  freight  rates,  common  to  the  whole  of  the  United  States 
and  Canada,  but  principally  afTecting  the  lines  <  f  communication 
conveying  the  produce  of  the  West  to  the  Seaboard.  3.  The 
ucprecedently  severe  and  unfavorable  weather  during  the  first 
three  months  of  1875  ;  and  3.  Increased  competition,  arising  orin- 
ci  pally  from  the  extension  of  the  Baltimore  &  Ohio  line  to  Chicago, 
the  construction  of  the  Canada  Southern  parallel  to  the  Great 
Westerj  line,  and  the  unfortunate  competition  by  the  latter  com- 
pany curried  on  against  the  Grand  Trunk  with  great  determina- 
tion and  energy  during  the  early  part  of  the  half  year.  (Comparing 
this  half  year  with  the  corresponding  period  of  1874,  the  paBsenge'r 
receipts  show  a  decrease  of  £3,328,  or  103  per  cent,  and  the  freight 
receipts  of  £au,068,or  1441  per  cent.  The  total  number  of  passen- 
gers carried  was  887,176,  against  903,435  ;  and  the  quantity  of 
freight  was  880,321,  »gainst  908,750  tons.  The  average  receipt  per 
passenger  was  Os.  l^d.,  against  69.  Id.,  and  per  ton  of  freight  13s. 
4d.,  i.gainst  15s.  1  Jd.  The  loss  of  receipts  on  the  freight  traffic  has 
arisen  almost  entirely  from  the  lownesa  of  the  rates,  because, 
although  the  number  of  tons  carried  was  less  by  38,000,  the 
whole  of  the  traffic  was  conveyed  an  average  distance  of  25  miles 
further  than  in  1874,  which  was  equivalent  to  carrying  956,000 
tons  for  the  average  distance  (390  miles)  of  the  corresponding  half 
year  in  1874 ;  and  as  compared  with  that  half  year  there  was  an 
addition  of  5|  per  cent  to  the  work  done.  The  following  is  a 
comparative  siateiuent,  showing  the  average  distance  each  ton  has 
been  carried,  and  the  average  rate  per  ton  per  mile  received  since 
1872,  viz : 

Average      Average 

distance  rate  per  ton 

Tons  of  carried.      per  mile. 

llalfyenrto  Freight.  Miles.  Cents 

30th  June,  1875 880.231  315  1117 

18!4 908,750        2H0        !-31 

"    1873 772,572        862        149 

"    1872 737,361        286       142 

Tlie  remuneration,  therefore,  for  doing  the  same  work — that  is 
— for  moving  a  ton  of  freight  a  mile,  was,  in  1874,  13  per  cent  less 
than  in  1873  ;  and  in  1875,  33  per  cent  fesa  than  in  1873,  and  18 
per  cent  less  than  in  1874. 

During  tlie  past  lial!  year  tlie  decrease  in  the  gross  receipts  of 
the  following  railways,  as  (lublished,  has  been — 

Lake  Shore  &  Micliigan  Southern SO  per  cent. 

Great  Western  of  C'aiiadn S.'0         " 

Noi'tiieru  of  C  •iiuda 13        " 

Mi*  liigan  Central         (5         " 

Whilst  th"  decrease  on  the  Grand  Trunk  has  be.n t01>4    " 

The  worliiug  expenses  for  the  half  year  amounted  to  £701,400, 


or  78-54  per  cent  of  the  gross  receipts,  against  £783,002,  or  78-23 
per  cent,  for  the  corresponding  half  year  of  1874,  showing  a 
decrease  in  expenditure  of  £bO,543,  and  an  increase  in  the  per 
centage  of  expenses  to  receipts  of  0.31  per  cent.  As  the  loss  of 
gross  revenue  was  £106,393  the  result  of  the  half  year  shows  a 
decrease  in  net  revenue  of  £25,851.  In  making  a  comparison  it 
must  be  remembered,  however,  that  there  lias  been  an  increase  iu 
the  amount  of  work  done,  as  explained  in  Section  11,  of  5i  per 
cent,  and  a  decrease  in  the  scale  of  remuneration  of  18  per  cent 
compared  with  the  June  half  of  1874,  so  that  there  has  been  an 
important  diminution  in  the  cost  of  transportation,  although,  owing 
to  the  dirastrous  effect  of  the  weather  upon  tlie  traffic  receipts 
during  the  first  quarter  of  the  year,  no  redaction  in  the  principal 
Items  of  expenditure  was  possible  during  these  months. 

The  total  charge  to  capital  account  during  the  half  year  was  £399,- 
973.  Of  this  amount  £111,130  was  for  discount  on  the  issue  of 
new  capital,  exchange,  and  bankers'  commission;  £74,709  was  t';e 
contribution  from  capital  towards  the  cost  of  laying  steel  rails  ; 
£24,000  was  applied  in  redemption  of  6  per  cent.  International 
bridge  bonds,  and  the  remaining  amount  of  £90,134  on  land  pur- 
chases, new  works  and  stock,  and  completing  the  new  ferry  boat 
at  Karnia.  The  balance  chargeable  against  capital,  in  respect  of 
steel  rails,  is  £38,300,  which  will  be  charged  in  the  December  half 
of  the  current  year,  after  which  no  farther  amount  will  be  expenil- 
ed  out  of  capital  for  steel  rails.  During  the  half  year  £600,000  of 
perpetual  5  per  cent  Debenture  slock  was  issued,  the  proceeds  of 
one-half  being  specially  set  aside  for  the  purchase  of  certain  cars, 
and  the  Union  Station  at  Toronto,  in  accordance  with  the  objects 
ot  the  "  Debenture  Stock  Act,  1874." 


GENERA.!.  INVESTMENT    NEWS. 

Atlanta  &  Richmond  Air-line. — In  the  United  States  Circuit 
Court  at  Atlanta,  Oct.  30,  in  the  case  of  Wilmer  and  others,  first 
mortgage  bondholders,  against  the  Atlanta  and  Richmond  Air- 
line Kailroad  Company,  the  Judge  decided  in  favor  ot  the  plain- 
tiffs, and  decreed  that  the  Trustees  shall  sell  the  entire  property. 
The  first  mortgage  amounts  to  $4,348,000,  the  bonds  being  held 
principally  in  New  York  City  and  Biltimore.  The  accrued  in- 
terest unpaid  to  date  is  about  $700,000.  The  road  extends  from 
Atlanta,  Ga.,  to  Charlotte,  N.  C.,a  distance  of  265  miles. 

Atlantic  &  Great  Western. — Notice  is  published  in  London 
as  to  the  leased  lines  rental  trust  bonds  of  1873,  that  the  funds 
in  hand  and  remittances  recently  forwarded  from  New  York, 
arising  from  dividends  on  the  shares  of  the  Cleveland  and  Ma- 
honing Valley  Railway  Company  held  as  security  for  the  above- 
named  issue,  will  be  sufficient  to  admit  of  the  payment  of  £3  10s. 
upon  each  coupon  of  £7,  due  Ist  January,  1875,  which,  with  the 
£4  10s.  already  distributed,  completes  the  payment  of  this 
coupon. 

Atlantic  &  Paciflc— Pacific  of  ]tfissouri. — Herman  Recbtieu, 
as  Treasurer  of  St.  Louis  county,  filed  a  petition  in  the  United 
States  District  Court,  last  week,  asking  on  behalf  of  St.  Louis 
county  for  an  adjudication  of  involuntary  bankruptcy  against  the 
Paci"'!  Railroad  Company  of  Missouri.  The  petition  recites  that, 
on  the  1st  of  Feb.,  1805,  the  county  issued  $700,000  bonds  to  the 
company  on  whicu  interest  was  paid  monthly  till  June  last,  since 
which  time  it  has  been  in  default.  The  petition  next  set  forth 
that,  on  the  14th  July,  1875,  the  company,  being  then  bankrupt 
and  insolvent,  fraudulently  executed  a  mortgage  for  $4,000,000 
with  interest  to  give  preference  to  certain  creditors. 

Calvin  Littlefield  of  New  York,  a  bondholder  of  the  Atlantic  & 
Pacific  Road,  recently  applied  to  Judge  Treat  of  St.  L-)uis  to 
appoint  a  receiver  of  that  road,  and  on  the  3d  a  private  dispatch 
from  St.  Louis  was  received  as  follows:  Judge  Treat  appointed  as 
receivers  Thomas  T.  Buckley  of  New  York,  Oliver  Garrison  and 
John  H.  Beach  of  St.  Louis. 

The  Tribune  report  says :  "  The  officers  of  the  road  having 
withdrawn  from  the  position  assumed  on  their  behalf  by  Clinton 
B.  Fisk,  have  determined  to  stand  upon  their  legal  aud  technical 
rights  in  the  bankruptcy  proceedings,  and  accordingly  formal 
notice  of  such  proceedings  has  been  served  upon  the  road  through 
its  representatives  in  St.  Louis. 

"  Mr.  H.  F.  Vail,  a  trustee  under  the  $4,000,000  mortgage,  had 
stated  to  the  attorney  that  all  of  the  ,$4,000,00'!  bunds  were  origin- 
ally delivered  to  him,  that  $500,000  of  these  he  delivered  to  the 
railroad  company,  reserving  $3,500,000  to  take  up  the  outstanding 
bonds  of  two  previous  loans — the  $1,. 500,000  loan  and  the  $3,000,- 
000  loan.  Of  these  he  had  taken  up  $3,900,000  and  there  remains 
now  outstanding  $600,000,  and  he  has  now  in  hand  $000,000  of 
the  $4,000,000  bonds  witli  which  to  redeem  them.  Mr.  Vail  had 
said  that  none  of  the  bonds  had  in  fact  been  sold  unless  those 
delivered  to  the  company  had  been  disposed  of.  Tbe  others  had 
been  hypothecated  to  secure  loans  upon  the  Atlantic  &  Pacific  at 
about  50  cents  on  the  dollar.  Mr.  Fisk,  he  said,  had  stated  that 
the  $500,000  bonds  delivered  to  the  company  had  been  sold  at  75 
cents  on  the  dollar." 

The  Atlantic  &  Pacifrc  Railway  Company  make  default  on  the 
interert  due  on  the  bouds,  Nov.  1,  of  the  Central  Division,  and  the 
Missouri  Pacific  Company  default  on  their  third  mortgages. 

At  a  meeting  on  Thursday,  President  Pierce  submitted  the  fol- 
lowing statement  of  earnings  of  the  Pacific  of  Missouri : 

tlNOKR  OLD   XANAOEMENT. 

Gross  earnings.  |  Net  earnings. 

1870 $3,500,238  84    1870 t94.5,:j89  39 

1871 S,,™?,-!!*  85  I  1871 346,801  47 

ITNDEU   PRESENT  XANAGEMENT. 

Gross  earnings,  j  Net  earnings. 

1873 t1.-;()r,911  liU    I87i ♦l,4(i-i,71j  76 

1874 3,713,402  93  I  1874 1,451,838  9ii 

[   Boston  &  Albany.^ — A  telegram  from  Boston,  November  4,  says 
that  the  annual  report  shows  that  the  capital  stock  is  $27,335,000 


NoTomber  6,  1875.] 


THE  CHRONICLE. 


441 


total  debt  limbllitiM.  ♦8.574,116  17  ;  net  mtdIiik*  of  the  ro^  for 
the  Te«r.  $U'24,411  21.  ToUl  expenses  of  opentioir  W>  ro»d, 
tS  .371.993  8^.  The  income  is  reported  to  be  f  I.OCO.IU  44  '•f"^<»<> 
last  year.  The  Company  has  declared  a  dividend  of  (fi»e  dollan) 
fS  per  snare,  payable  Korember  13. 

Barliagtoa  C«d«-  UtMlis  &  MinnesoU.— A  decree  of  fore 
eloaore  baa  been  made  by  Jadge  Uilloo.  in  the  U.  S.  Ciremt 
Court  at  Dm  Molaes,  la.,  and  the  road  is  to  be  sold  in  Deoambar. 

BarliB^ton  *  SoathweBterM.— The  compromise  t.gne4  apoo 
by  the  parties  in  iotarest,  by  whjfh  General  Baker  the  receiver 
appointed  by  the  United  States  Coart,  and  Mr.  McKiiterick,  the 
receiver  appointed  by  the  Iowa  Court,  were  Iwth  lo  retire,  has 
been  carried  out.  The  United  States  Circuit  Court  baa  appointed 
Mr.  Elijah  Smith,  President  of  the  Company,  receiver,  and  Mr. 
McKitterick,  who  has  b  en  in  poaaeasion,  has  turned  over  the 
property  to  him.  Mr.  Smiih  is  said  to  repreaent  the  bondlwldera, 
and  it  is  alto  said  tliat  they  will  advance  the  money  to  complete 
the  g«p  between  the  northern  end  of  the  road  at  Unionville,  Mo., 
aad  the  southern  end  at  Acomville.  This  distance  is  about  30 
miles,  which  ia  all  or  nearly  all  graded,  and  some  track  is  laid 
from  I'nionviUe  soulliward. 

Cairo  t  St.  Ixialfc— The  operations  for  the  month  of  Aognpt 
are  reported  as  fnllows  : 

GroM  Mmlo^  (ll'TI  ptrmile)  *5'S  ** 

WarU>g«xpea<c*(79-I8  pcrcaaQ >MH  It 

yStt  earalats  (MSI  per  nlM. . 
KxtnsnIiBary  eipeassa.  realah. 


«<e. 


ts,«n  56 


^(ctpraat ft,*** 

Canada  ISorrmment  Lo**. — A  cable  dispatch  from  Londnn 
stated  that  the  Cann'ltsn  4  per  cent  loan  of  iH.SOOfiOO  was  all 
tak>"    '  '.ore  than  the  (all  amount  was  subacribad. 

Wi'  t' was  circulated  a  memorandum  by  tba 

Oaoaoiao  rinance  Miniaier  seltia|{  forth  the  poaition  of  Canadiaa 
flaaBaea.  This  aiataa  that  that  the  total  public  debt  ol  <:aoada. 
iaeladlnir  note  earrmicy.  nominal  capital  rspreacnting  anoailin 
payable  to  variouit  rrovineea,  kc,  bot  dadaerian  ainkinir  'and  aod 
cash.  kc.  in  io  mund  fitrurea  eHfiOOflOO,  or  £6  par  bead  of  the 
population,  or  tliis,  <:->0.!MIO,000  rapreaenta  the  foreijpi  debt,  le<ii 
H.iiliioK  land  accorauUtion  amoaatlag  to  £1.000jOOO.  Th«  annual 
iotereat  on  tbia  bonded  debt  Is  aboat  £1,000,OCO.  the  tout  dnbt 
eharca  is  £1,300,000.  or  about  6a.  M.  par  haard.  The  larger  half  or 
this  debt  haa  bean  eootractcd  to  pay  tor  zmilways.  bat  to.XOJM) 
has  been  spent  on  canals  and  £S;00O/M)O  flTea  aa  eoaBpaaaaUon  to 
Provinces  at  the  time  of  the  fedarmttoa,  or  spaat  In  fsedaf  lacd*. 
buyinir  and  organixlnj;  terrltoris*.  kc.  Mocb  of  this  expaodllorv 
may  not  be  aa  yet  productive,  but  it  has  aoiiueitionablv  pavad  the 
way  for  great  futura  prosperity  in  the  Dominion.  MaaatitBe,  it 
ia  aatlafaetory  lo  find  that  iha  trade  of  tbacountry  haa  baaa almost 
uoifornily  increasinir.  havtag  riaaa  la  acgragata  Talaa  from 
£27,01)0.000  In  ixr^  to  L'44.S»;B00  laal  year. 

Laat  year  tbr  revenue  waa  aaarly  CSJOODfiOO,  and  the  ordinary 
rxpenditara  aboal  £4,800jCM).  aad  la  pravhHU  jraars  tba  dUTerror.- 
belweea  tb«  <wn  tiW«a  of  tb«  aeenaat  waa  eve*  more  ia  favor  of 
the  ooaotr;     :   "'  -■.■•'   '.TttJOOO.     The  aKgrefatr 

surplose*  '  113.000,  exclusive  ol  the 

(inklof  fui, .,^..;.      .  ...H  ^.-.-,  ...  (pile  of  dspnaaad  liadr, 

the  revenue  ia  expected  to  be  higher  than  ever,  aod  a  sarplas  or 
1"J4)0.000  is  looked  for.  aolwithaiaadlng  the  practlee,  which  baa 
been  ia  ioree  lor  tome  three  years  pa*:,  of  paying  certain  outlay*. 
kltberto  lakaa  oat  of  capital,  Irom  revenue.  Thia  aew  loan  i<. 
like  the  balanee  of  the  loaa  raised  last  Tsaf,  to  be  applied  lo  public 
works,  ke. ,  in  tba  laaaaer  tboa  as*  forth  : 


-t.  To  deftay  ■ifilltaf  jacanaJ  ea  wet 
aorUkwaM  iMriuwIas  aa4  tlM  PMtfc  Railway. 
"*  --  raceap  the  Kadwoaw  M  beads  sctaaBy  nsM, 
«,  tad  Id  ysorMefor  aihsn  tsUbw  das.*- ^^ 


BiaMta 


wUfe'lbe 


"1.  To 
oTIalanst, 


akiitar  lata 


ClM*aM*k«  k  Ohio  Kallraad.— Contrary    I  .p«    and 

ezpectalioa  of   moat  of  the  ■t<M;k  and  boodbo:  w  Vork 

and  vlalalty.  Judge  Bttod,  t'aited  Slalea  Cmcuu  vuuge,  at  Rub 
■o*d,  Va.,  with  the  eoacarraaes  of  Hockaa,  DiaMet  Judge, 
Hada  parmaaeBl  the  appoiataaat  at  Mr.  Tjaoa  aa  lacaiTar  of  the 
( lieaapeake  k  Ohio  road. 

Aaaddresahaa  bera  issued  to  Stat  aortgaga  bondboldara  by 
the  SecreUry  and  Treaaurer  in  New  York,  stating  that  the  Com 
pany's  faa<linK  propoeitlon  lias  iiever  been  fully  ssaiipled  to  and 
riiwalas  still  iaaemplete,  and  tliat  interaet  paTmaat  can  not  l>e 
raiBBad  Not.  1.   1875,  from  lack  of  mcaaa.    The  dieolar  con 
dadaa  aa  lollewa : 

Tkewsyoatnmityter  ii>*i Mi^  irsi i is lai nMw  Mlaraaf  tkatplaa  mar 
letolva.  i«M>  wnk  Iboa*  wke  wllkk*!  thdr  w  epantflna  aad  aa*  wiui  tb« 
'llnnass  aad  sasali  al  Ik*  csipaaf  wbo  dsvlasd  It.  lot  »fcat  tbay  eeowtvad 
lo b«  i>e test  timm at  aa  esaewaad,  aadwho  ktre  latthfnUy  labated  to 
awrylieal. 

OBlhs4tk  s(  tkaarsMal  laualliasah  tor  fstiilMMa  was  hwia^tta  lh« 
^■•^ 5fttS. **"~  Oeart  at  Wlthwnad.  Ta..  sad  oa  the  tCkK.  Umutj 

5rti5rs:^iru5rts*.i5?ss%r5^^ 

aad  MS  of  ih« 


Ttitaactiaa  wtilynskaMriS 
wMrh  e«N>  It  I*  rapKtsd  Ihst 


D*T6*port  k  St.  Paul. — A  decree  of  foreclosure  has  been 
eotered  in  the  V.  S.  Circuit  Court  of  lows. 

Erie. — The  Tinut  says  of  the  new  Erie  and  Chicago  tUrongh 
line,  wia  the  Atlaotic  &  Qreat  Western,  Cleveland  Culumbus  Cin- 
cinnati &  Indianapolis  and  Baltimore  &,  Ohio  extension,  which 
went  into  operation  on  Monday,  Nov.  1:  "The  trains  from  this 
city  will  leave  Jersey  City  at  9:15  A.  M.  and  7:15  P.  M.  each  day, 
and  wiU  reach  Chicafro  at  9  P.  M.  and  8:30  A.  M.  respectively. 
The  trains  from  Chicago  will  leave  at  9  A.  M.  and  5:15  P.  M 
The  morning;  trains  will  be  equipped  with  Pullman  drawing-room 
Bleeping,  and  palace  day  coaches  running  through  to  Chicago. 
The  evening  trains  will  have,  in  addition,  hotel  coaches,  and  also 
day  oiiaches,  running  through  to  Chicago.  Arrangements  have 
been  made  whereby  first-class  passengers  can  be  served  with  meals 
at  any  hour  in  their  compartments, by  sending  in  their  order  lo  the 
hotel  eoaehes.     Movable  tables  will  be  provided. 

"Mr.  D.  W.  Hitchcock,  the  General  Passenger  Agent  of  the 
Cbieago  Burlington  k  Quincy  liiilroad,ha8  been  appointed  General 
A^eot  of  the  new  Brie  and  Chicago  Line  and  has  entered  upon  bis 
duties.  Arrangements  have  l>een  made  with  the  difTrrent  connect- 
ing eompanies  that  if  a  train  should  be  so  delayed  as  to  be  unable 
to  make  connections,  a  locomotive  will  be  proviaed  to  meet  it  on 
arrival  aad  take  it  right  on.  This  will  obviate  the  necessity  of 
waiting  for  the  next  connecting  train.  Tha  Michigan  Central 
C<>m;iaay  has  conceded  to  Mr.  Pullman  the  right  to  continue  to 
run  his  pa'sce  cars  over  that  road  to  Grand  Rapids.  He  will  also 
contlnoe  to  run  them  to  Montreal  via  the  Grand  Trunk.  The 
Pullman  ears  are  to  be  discontinued  over  the  Great  Western  road 
and  the  Wagner  cars  substituted.  Arrangements  have  been  made 
to  ran  a  special  fast  freight  line  to  Chicago  over  the  new  Krie  ft 
Chicago  roate.  The  Baltimore  k  Ohio  Company  has  agreed  to 
liiscootinue  competition  with  Erie  for  New  York  trade,  and 
now  if  a  (>erson  purchases  a  ticket  or  applies  to  send  freight  to 
New  Tork  iu  the  Chicago,  Baltimore  and  Ohio  offices  he  will  be 
boofead  SM  the  new  route  aolees  he  asks  especially  to  go  by  way 
of  Blltimore.  This  is  what  merchants  here  have  so  long  been 
claiaaring  for." 

-^A  motion  was  made  this  week  in  Supreme  Court,  Chambers, 
in  the  suit  of  fhe  Krie  lUilway  Company  againat  Jay  Gould,  to 
strike  out  the  nrayer  for  relief  contained  in  the  complaint.  The 
•  uil  grows  out  of  the  agreement  under  which  Gould  sarrundered 
to  tlie  EHe  Kailway  Company  property  valued  at  about  five  mil- 
lions, ladndlog  a  large  amount  of  stock  and  some  real  estate 
parehaaed  by  Gould  aod  Flak  lor  the  use  of  the  Erie  Railway. 
The  preoent  suit  is  brought  oo  the  ground  that  Mr.  Qould  haa 
not  Civaa  op  stock  of  the  National  Stock-yard  Comptny,  or  of 
the  Olaaweod  rVial  Company,  or  of  a  third  cnmiiany.  amounting 
in  th* aggregate,  a^par.  to  $I.1(<S.0I>0,  and  has  not  delivered  the 
real  datata  nnincawbarad  with  lirns.  Imt  that  the  Company  has 
beaaalroady  eonpellad  lo  pay  off  $213,000  in  liens  un  the  real 
eidalib  aad  f  U7j000  lo  protect  Ita  righu  in  tha  Coal  Company. 
Tha  aaUo*  was  based  oa  the  groaad,  ehiefiy,  that  theproiwr 
nmttf  woald  be  aa  aetioa  lor  damajea  aitd  not  for  specific  per- 

— A  laria  maetiag  of  the  bondholders  and  shareholders  (pre. 
ferfad  aad  ofdiaary)ot  the  Krie  Itailway  Company  was  heKl  In 
Ixiadl*,  Oct,  90,  to  receive  and  conatder  the  report  ft>m  the  joint 
ooiaafnasa.  sir  Elward  Wa<kin.  M.  P  .  presided,  aod  his  state- 
uioali  aad  those  of  Mr.  Morris,  the  legal  advi.-er,  were  listened  to 
witii  great  to  erraL 

Fran  the  I»Ddoa  TVofs  report  we  leam  that  Mr.  Hatkia  In 
the  eooiae  of  a  leagthy  speech,  said  : 

"  With  tiM  powerful  and  invateable  assistance  of  Mr.  Morris  he 
had  oaaared  lor  tba  aharebuldara  aad  the  bondholders  of  the  Erie 
itailfaad   the  control  of  their  own  ailairs  if  they  liked  lo  control 
thai*.    They  hod  obtained  the  approval  of  the  Chief  Judge  of  the 
SuBNMa  Court  of  the  Hute  of  New  York  to  their  doing  so  fcheers); 
ana  thajr  had  alto  aecursd  the  means  of  honest  and   capable  man- 
agenaat  aad  oo-operaiion  of  the  Court  ;  and  now  the  question  waa 
whtlhar,  as  men  of  buaineas,  respecting  etch  other's  rights  snd 
ieeliogs.  ther  could  unite  in  erecting  machinery   whereby  a  plan 
could  be  devl»e<l  to  make  the  concru  lioaneially  sound;  but,  above 
all.  there  ronat  Im>  united  action.     Thrlr  object,  he  took  it,  waa  to 
give  to  every  bondholder  hi*  capital,  and   to   leave   a   reasonable 
cliaoes  of  divideoda  for  the  preference  shareholders  and  the  ordin- 
ary sloekholdera.    (Hear,  hear.)     The  sute  ol  the  matter  was  In  a 
nutahall.   They  had  an  annotl  claim  against  them  In  round  figures 
of  •IjOOO.OOO  (or  real  charges.   k<-  .  aod    |4X)00.000   for   bonded 
interaat.    Thar  ware  aow  earninr  onlv   $4,000,000.  and  tberelote 
-'    TIJpMd  <»lliailj  of  $1,000,0(10.     if  the  line  could  be   worked 
at  6Si(Mv aaat,  avarjr  boadbolder  would  be  paid.     In  addition  to 
whthihia  ■e*do«ad.  they  had  liabilities  amounting  to  i.H0O,. 
000.    There  had  been  a   good   deal  of  eoafuaion  aa  lo  the  floating 
debt,  tha  ladootiofi  of  which  liad  not  been  so  great  as  sogae  persons 
imaciaed  from  the  mere  statements pnbllahed.  If.however,  it  was 
onljr  a  qaaation  ol  a  deficiency  of  £250,000  a  year,  and  a  <|ueatloa 
of  pqriac  off  the  BBOOfKO,  things  would    be   very  simple.     He 
th^lrihlhe  eoald  get  the  £800,000  if  he  considered  it  discreet  to 
pay  Ifa  debt,  but  he  did  not;  and,  ao  far  as  he  was  concerned,  he 
woof  sot  recommend  it." 
lb  following  reaoIntioBS  to  snbstance  were  passed  : 
lot.  That  the  report  now  submitted  be  approved  aiid  adopted. 
3d.  That  a  conmittee  of  consultation  be  sppointed  in  accord- 
ance with,  and  for  the  objeet  set  forth  In,  the  general  memoran- 
dum, sifned  by  Mr.  H.  J.  Jewett  and  Sir  Edward   Watkln,  and 
dated  September  6,  lt<75. 
~'    ~  itteeeooslstof  Sir  Edward  Watkln,  M.   P 

'     roes.  M.  P..  Mr.   B.  Whitworth,  M.   P.; 
Mr.  H.  liawRon,  of  Manchester. on  behalf 
on    behalf   of  the   shareholders    Mr.    P. 
Douglas,  Mr.  \^m\D«.  M.  P.,  Mr.  W. 
Weir,  Mr.  G.  Smith,  Mr.  Conybeare,  and  Mr.  Miller. 


442 


THE  CHRONICLE 


[November  6,  1875. 


4th.  Ihet  ibe  CfiriDitlee  of  ccnsnllation  be  scdare  Iierebr  in- 
etrocted  to  prepare,  wiih  ttie  assistance  of  sacli  spi'cial  repre- 
Bentatives  of  any  separate  class  as  may  be  Trilling  to  co-operate 
witb  them,  a  (ckeme  of  re  organization  of  tfae  company,  and  sab- 
mit  tbe  same  to  a  future  meeting  for  adoption. 

Great  Western  (Cauadn). — 1  special  cable  dispatch  to  the 
Toronto  Globe,  from  London,  EnL'land,  November  1,  stated  that 
tbe  report  o(  the  Great  Western  Railway  of  Canada  for  the  half 
year  announced  that  there  nould  be  no  dividend.  The  deficiency 
In  the  revenue  is  4141.000. 

Hannibnl  &  St.  Joseph. — At  the  annnal  election  for  three 
directors,  held  at  HHonibil,  November  1,  the  followincr  were 
elected :  General  H.  H.  Baxter,  N.  L.  McCready  and  Mr.  .1.  Van- 
Bchaick,  reelected.  These  gentlemen  are  all  residents  o(  New 
York.  Tbe  retiring  directors  are  Hon.  A.  W.  Lamb  and  P.  H. 
Koebuer. 

Louisiana  State  Bonds-Fnnding.— The  Attorney  General 
has  rendered  au  opiniou  tha'.  the  Funding  Board  may  fund,  at 
their  face  value,  state  bonds  pre.iented  witliout  coupons  attached. 
The  N.  0.  2'im(S  says  of  it:  "  To  fund  a  stale  bond  williout  its 
appropriate  coupon,  is  to  defeat  our  whole  funding  scbeine.  If, 
carelessly,  a  precedent  i"  to  be  established  for  tbe  funding  of 
bonds  with  coupons  detached,  what  is  to  prevent  every  bond 
holder  from  cutting  off  bis  coupous,  and  funding  bonds  first  and 
coupons  afterwards?  Such  a  process  might  leave  us  with  more 
new  consolidated  bonds  than  tbe  whole  present  amount  of  tbe 
debt.  This  difcloses  the  great  importance  of  tbe  situation. 
Bonds T)re6ented  without  coupons  should  be  exchanged  for  con- 
sols without  coupons,  or  some  similar  precaution  taken  to  guard 
the  State  against  unlimited  imposition." 

At  a  recent  meeting  of  tbe  Funding  Board  $55,960  of  bonds 
and  coupons  were  funded. 

Mr.  C.  L.  C.  Dupre  presented  five  6  per  cent,  levee  bonds  with- 
out coupous  attached,  which  again  raised  tbe  question  -if  funding 
bonds  witliout  coupons  Mr.  Phelps  opposed  their  funding.  He 
had  tbe  opin'on  of  leading  bankers  and  lawyers  nutttaining  his 
position.  Mr.  Esiillette  considered  that  the  act  o*  the  Leg  sla- 
ture  of  1874  cancelled  these  coupons,  and  the  fact  of  thf  ir  being 
detached  from  the  honds  would  have  no  effect  hereafter.  He 
favored  tbe  funding  of  tbe  bonds,  but  moved  that  the  question  be 
referred  till  a  full  meeting  ot  the  board  could  be  had.  Subse- 
quently, we  undi  rstand,  it  was  dtcidtd  to  cut  off  cf  upons  of  uew 
consols  in  place  of  coupons  wantiii;  on  the  bonds  funded. 

— The  so-calledGranger  railroad  cases  have  just  heeu  argued 
at  great  length  before  the  U.  S.  Supreme  Court  at  Washington, 
and  a  decision  is  expected  in  January.  • 

Mobile  City  Finances.— To  the  holders  of  the  New  Six  per 
cent.  Bonds  oi  the  City  of  Mobile,  notice  had  been  published  by 
Messrs.  Duncan,  Sherman  &  Co.  that  the  interest  due  on  these 
bonds  1st  of  November  would  be  paid  at  the  National  Park  Bank 
in  this  city.  Tbe  holders  of  these  bonds  are  now  requested  by 
notice  tr  send  the  coupons  remaining  unpaid  to  the  Mobile  Sav- 
ings Bank  at  Mobile,  where  they  will  be  paid  with  par  exchange 
on  New  York. 


New  Jersey  Midland. — In  the  plan  of  re-organization  pro- 
posea  by  the  South  Mountain  Railroad  Company,  a  circular  has 
been  issued  stating  that  in  plac»  of  the  $600,0o0  first  mortage 
bonds  of  that  I'oinpany  to  be  deposited  as  guarantee,  tbev  will 
substitute  $300,000  of  United  States  Government  boods. 

Rome   Watertowii  &  Ogffensbnrg— Syracnse  Northern.— 

At  a  meeting  of  tlie  directors  of  these  companies, held  Octolier  19, 
an  agreement  of  cocsolidation  of  tbe  two  companies  was  cttected, 
under  the  name  of  the  liome  Watertown  &  Ogdensburj;  Railroad 
Company,  to  continue  under  the  management  of  its  iiresent  offi- 
cers, as  'oUows:  Marcellus  Massey,  President ;  Talcot  H.  (."amp. 
Vice  President ;  J.  A.  Lawyer,  Secretary  and  Treasurer. 

St.  Joseph  &  Denver  City. — A  dispatch  from  St.  Joseph,  Mo. 
Nov.  5,  says  :  The  Easteru  Division  of  the  St.  Joseph  &  Denver 
Ciiy  Railroad  was  sold  yesterday  at  Marysville,  Kansas,  by  the 
Master  in  Cliancery,  and  was  purchased  by  tbe  purchasing  com- 
mittee appointed  by  tbe  bondholders  for  $100,000.  The  Western 
Division  will  be  sold  to-day.  An  arrangement  has  been  made 
among  all  tbe  pe^^o^s  interested,  and  a  new  company  will  be 
organized,  to  be  called  the  St.  Joseph  &  Pacific  Railroad  Cjuipany, 
as  soon  as  the  sale  in  confirmed. 

St.  Lonis  &  Sontheastern. — St.  John  Boyle,  receiver  of  the 
Kentucky  division  of  tbe  company,  has  filed  bis  report  of  the 
receipts,  disbursements,  etc.,  from  the  time  he  took  possession  of 
the  road  to  September  1,  1875 : 

<nt3S9  EAIININOS  TBOM    MOVEHSBR,    1874,   TO  SEFTEXBBR,   !8*5. 

Faesensers  , $67,168  00 

FieigUl 14",«51  39 

Mail  <),5fl7  18 

Express 3,357  88 

Misce.lancoas ^ j676  10 

ToUI $-228,108  i9 

OPERATINe  EXPENSES  rBOK  NOVEXBER,   1874,  TO  SEFTEMBER,   1675. 

Tranpportatipn  tl«,699  83 

Piispeiiger  deparlment IW.fltii  ii 

Motivo  power 60,1.30  19 

MaintL'uancc  of  way '  ti8..'J47  ^0 

Mainlcnaoce  of  cars 3.V1'22  61 

General  expenses  • 17,075  64 

Total $2.i6,441  23 

Deduct  fines  collected  from  emplojeec 39  36 


for  other  portions  collects,  not  only  his  proportions  of  the  earn- 
ings, but  also  part  of  tbat  earned  by  this  receiver,  and  does  also 
pay  more  than  his  proportiona  of  certain  joint  expenses,  and 
these  two  items  aet  off  each  other.  The  receiver  further  states 
tbat  the  earnings  of  the  road  in  his  cliarge  have  been  only  suf- 
ficient to  pay  the  operating  expenses,  and  he  has  therefore  been 
unable  to  comply  with  the  order  requiring  $11,000  per  month  to 
be  retained  and  applied  towards  payment  of  the  first  mortgage 
coupons. 

St.  Panl  &  Paclflc. — The  meeting  of  bondholders  in  Amster- 
dam, Oct.  11,  adopted  the  committee's  report,  there  being  present 
only  a  small  min9rity  of  the  holders  of  the  loans.  The  commit- 
tee asked  for  time  to  get  assents  from  other  crrtificate-holdera  by 
letter  and  otherwise.  Dr.  de  Klerck,  who  oppPKel  this  arrange- 
ment, writes  to  the  JiaUroad  Gazette  that  )i  will  be  ditflcult  to 
carry  through  the  agreement,  thst  the  original  bonds  of  the 
$:J,0(K).000  are  at  32  and  the  committee  certificates  only  16.  and 
that  90  per  cent  of  the  bonds  must  assent  wihin  a  year  to  make 
the  arrangement  effective.  The  1869  loan  fell  from  12  to  lOJ  tbe 
day  after  the  meeting,  and  the  second  section  loan  was  unsalable 
at  16i. 

The  agreement  between  the  bondholders'  committee  and  the 
company  is  very  volumiuous,  embracing  the  following  principal 
points  : 

There  .ire  to  bw  execated  a  mortgage  on  the  branch  line  (not  In'^Iafling  the 
lands)  for  $1,868,000  seven  pur  cent  gold  bonds,  having  30  years  to  run  ;  a 
mortxagc  on  the  main  line  fir  $600,000  similar  bonds,  and  a  second  mortgage 
en  ihc  main  im-  lor  $-i,S00.0OO  seven  per  cent  currency  bo.  ds,  the  holders  of 
which  are  to  accept  in  full  payment  of  interesi  such  piv  rila  share  of  the  net 
earnings  as  may  remain  after  paying  the  Interest  on  the  ftrst  morigige;  pro- 
vided that  if  after  ten  years  they  do  not  receive  3>i  per  cent  annttiiUy,  the 
principal  shall  be  held  to  be  due.  Preferred  stcck  shall  also  be  issued  on  both 
the  main  and  branch  lines,  and  land  scrip,  which  shall  hej*r  no  Interest,  but  to 
tbe  payment  of  which  al!  the  proceeds  of  land  sales  shall  be  applied. 

Ot  the  $1,368.0  0  Branch  Line  bonds,  $486,000  shall  be  reserved  to  retire  the 
existing  bonds  on  said  1  ne  and  as  n.ncb  as  necessary  shall  bC  U8«id  to  ex- 
c  ange  for  60  per  cent,  of  the  $1, -it 0,000  issue;  the  rest  may  be  sold  to  pay 
for  impr{»vements  and  new  equipments,  payment  of  de  ts  and  expenses  of 
the  bondholders' commi  tee.  The  other  50  percent  of  the  *1,800.00J  Issno 
shall  be  paid  in  land  scrip.  The  holders  ot  the  $i.800,O00  Usue  of  Branch 
Line  bond-'  are  to  receive  one-half  their  face  in  land  scrip  and  one-half  in  pre- 
ferred stock.  Overdue  coupons  on  both  is  ues  to  be  paid  either  in  pi;eferred 
stock  at  par,  or  one-half  In  preferred  stock  at  par  and  one  half  in  common 
stock  at  50. 

1  he  new  issue  of  $600,000  first-mortgage  Main  Line  bonds,  shall  be  sold  for 
c  sh  to  be  need  for  imp  nvi-ments  equipment  and  payment  "f  debts.  The 
holders  of  the  $.t.000,()UO  Main  Line  issue  of  )8r4  and  the  $6  000.000  Issue  of 
18BS  ^hall  receive  25  per  cent,  in  the  new  second-mortage  bonds,  60  percent,  in 
lami  scrip  and  25  per  ci-nt.  in  preferred  stock.  The  holders  of  the  $1,000,0(» 
issue  of  1870  shall  receive  50  per  cent,  in  land  scrip,  2'>  per  cent.  In  preferred 
stock  and  -25  per  cent,  either  in  second  preferred  stock  or  a  second-cass  land 
scrip,  overdue  coupons  of  all  these  Issues  tc  be  paid  50  per  cent,  in  land  scrip 
and  50  per  cent,  el  her  in  secnn,l  preferred  or  common  stock.  The  common 
ftock  lo  be  limited  to  $5,000,000  for  the  Main  Line  and  $1,500,000  for  the 
Branch  Line,  and  in  case  the  new  issue  is  not  enough  to  carry  out  the  agree- 
ment, the  holders  of  the  present  stuck  must  contribute  enough  to  make  np  the 
amount  required. 

The  company  is  to  establish  transfer  ofB-es  in  New  York  and  Amsterdam. 
The  net  cat  nlngs  to  be  divided  semi-annually,  except  that  IC  per  cent,  may  be 
retail  ed  as  a  fund  for  improvements  in  road  and  equipmct.  Five  trustees  to 
be  appointed  to  carry  out  the  agreement,  who  are  to  be  George  8.  Coe.  John 
S  Barnes.  Edwin  C.  Liichfleld  an  i  two  others  to  be  named  by  tbe  committee. 
The  old  bonds  to  be  depo  ited  «ith  the  United  States  Tru-t  Company  of  New 
York,  the  Union  Bank  of  London,  or  the  Associatie  Caesa  of  Amsterdam,  snb- 
J-ct  to  the  Older  of  the  trustees,  who  shall  have  auiboriiy  to  nse  them  to  fore- 
close in  case  it  shall  be  necessary  to  carry  cut  the  agreement.  The  agreement 
to  be  finally  binding  if  the  holders  of  91  per  cent,  of  the  bonds  shall  as  ent. 
In  rase,  however,  that  90  per  cent,  ot  the  hoi.ds  do  not  agree  within  one  year, 
either  party  may  rescimi  the  agreement. 

The  holders  of  the  new  bonds  are  to  have  one  vote  for  each  $100  of  their 
holuings  ;  h.)lder8  of  land  scrip  to  have  one  vote  for  each  $100  on  all  questions 
affuctii  g  tbe  management  of  the  laud  grant. 


$226,401  97 
Neteamlnga 1,706  92 

In  explanation  of  the  discrepancy  between  the  earnings  and  the 
receipts,  the  receiver  says  that  by  the  course  of  traffic  tlie  receiver 


Termont  &  Canada.— The  report  of  the  President,  Mr.  James 
R.  Nichols,  rehearses  the  events  of  the  past  six  months  and  refers 
to  tlje  litigations  and  injunctions  which  have  prevented  the  sale  of 
the  road  to  the  Central  Vermont  according  to  the  vote  passed  in 
April  last.  After  reviewing  the  situation  he  concludes  as  follows: 
The  scheme  of  consolidation  of  tlie  Rutland  and  Central  with  your 
road,  which  was  contemplated  when  the  negotiations  for  its  sale 
were  completed,  has  apparently  failed. 

The  Rutland  read  has  commenced  legal  proceedings  for  the  can- 
cellation of  their  lease  and  the  restoration  of  their  road,  on  the 
ground  of  failure  to  receive  their  rent.  It  has  been  expected  that 
some  conclusion  as  to  their  rights  would  have  been  reached  before 
this  meeting  ;  but  various  delays  have  occurred,  and  tbe  prelinii- 
nary  hearing  stands  adjonrned  to  Nov.  16.  It  is  certainly  vety  desir- 
able tbat  the  Rutland  lease  should  be  terminated,  as  the  enormous 
sums  paid  by  the  Vermont  Central  for  rent  have  been  mostly  lost 
to  the  receivtrt",  and  have  diverted  money  to  useless  purjioses 
which  ought  to  have  been  applied  to  paying  the  rent  of  the  Ver- 
mont &  Canada. 

In  the  present  unexpected  and  extraordinary  complication  of 
affairs,  in  which  your  road  is  indirectly  or  directly  involved,  it  is 
impossible  to  form  any  definite  plan  of  action  to  be  submitted  to 
you.  Your  directors  have  carefully  watched  the  progress  of  the 
many  lawsuits  and  personal  conflicts  that  have  arisen,  and  which 
have  so  effectually  interfered  with  the  consumm»tion  of  plans 
which  promised  a  restoration  of  your  rent,  and  they  have  taken 
such  actions  to  protect  your  property  as  eminent  legal  counsel 
could  suggest.  While  unable  to  foresee  with  any  satisfactory 
approach  to  certainty  what  events  or  complications  may  take  place 
out  of  the  multiplicity  of  legal  contests,  the  clashing  of  individual 
and  corporate  interests  now  going  on  in  Vermont,  the  expectation 
is  entertained  that  you  will  ultimately  obtain  possession  of  your 
property,  and  that  dividends  will  be  resumed  through  some 
channel. 

Wallkill  Valley.— This  road  was  sold  at  auction  October  31 
under  foreclosure  of  the  second  mortgage,  and  was  bought  in  for 
account  of  tbe  bondholders  by  the  trustees  under  that  mortgage 
the  price  paid  being  $50,000.  The  sale  waa  made  subject  to  the 
first  mortgage  of  $700,00a 


NoTembsr  6.  loiS.J                          THE    CHRONICLE.                                               443 

COMMERCIAL  EPITOME. 

immtlmof" tmuarlaamuof  Drw  Ovyb."  -InuiorU  of  Uadlng  Artielu," 
••  lUaiflttf  DomttMe  Proiitct,"  and  "  gxpwU  y  Ltading  ArOcUt  from  S*m 
TortC'wiiS  ie/bimd  on  a  ntbmquiiU  page. ) 

COTTON. 

F'BiDAT  NiOHT,  Nov.  5.  1875. 

The  tenniDation  of  8p«cuUtire  "corners"  for  October,  In  cotton 
and  lard,  bare  lelt  those  staple*  in  a  very  unsettled  condition,  and 
genrraj  trade  has  been  onlj  moderate.  Besides  the  decline  in  the 
premiam  on  gold,  we  haTsoDate  the anaccostomed  experience  oia 
sharp  turn  in  the  monej  naarket.  Xo  one  appean  to  have  any 
T9TJ  confident  Tievs  respeciioK  the  earlj  future  of  trade  and  tlie 
eonrse  of  prices,  and  Irom  this  circumstance  trade  cireldS  present 
a  very  unsettled  tone. 

The  following  is  a  Vatement  of  the  stocks  of  leading  artiel  e* 
of  domestic  and  foreign  merebandije,  at  date*  given  : 


TouMco,  foreica... 
Totaoco.  doassoe.. 

Oo*c  Rio    

.other    

ODCb*,Jara,  Ac.... 


dbbi*. 
..bbi*. 
.hsiM. 


1974. 
Rot.  1. 
7.180 
M,4» 

ii,on 

4  MM 
T.OM 


Octl 

MB 

n.43T 

it.ta 
ai.aas 

61. Ml 

ILMS 

M^IM 

4.«> 

N,S40 

ai.4il 

tM,4IS 

I4.W4 

4.MT 


-WIS.- 


Hot  1. 
S.I35 
•.•15 
1S.14I 

n.7M 

H.57^ 
il,M8 

S,MI 
•l.'ll 
KtOH 
ITS.**) 

T.m 

4,4M 
1,0  « 

wi.ioo 
».•• 


Km 

1I.4M 

IN 

•.000 


njmt 

IMBt 
*<00 

I.Mi 


a.4iT 

4.iWh 


•.Tkl 

a^No 

18«.«'<' 
l«.l90 

lt,»«) 

MM 

Mlouo 


Tbe  speculation  in  pork  lia*  been  irrvgalar  ;  oa  Satardajr, 
ooder  a  pressure  to  lell  for  prompt  cash,  (S3  was  accepted  for 
mss*.  but  there  w»s  a  prompt  reoovr^  to  $30  ;  and  futnrsa  hare 
done  better,  with  aalea  to-day  at  ^1^1  S9  for  the  year,  and 
190  50  for  JsDoary  and  Febraary.  Lard  wss  toroeri  ap  to  i7^ 
for  October  delivery,  when  many  partis*  repodlated  their  con- 
tracts ;  and  the  aflort*  to  adjust  the  dtapate  have  kept  th*  market 
in  an  uasettled  state  siiice,  with  s»I««  t»d«T  at  IS^  for  spot  ao<l 
November,  end  lS|e.  bid  for  Dee*al>«r.  Baeon  end  cut  meats 
have  been  doll  and  drooptog.  Beef  has  remained  quiet.  Batter 
sod  ebaea*  have  beaa  iritboat  •■•entlal  cbaoge,  at  ISK^llc.  for 
pfiBM  ehtsa*  to  eholee  fitetorle*.  Tallow  is  firmer  at  OMHe.  for 
ytfsM  lo  ebolc*. 


«   dsnrisd  by  larg*  aad  i 


•alntiac  stodis. 


1I10M|IL,  gold,  for  fair  to  jriwi  Mrgot*.  and 
Molssais  lower  at  W*.  far  " 


Tc  gold,  far  Jatm.    Mblssais  lower  at  tU.  far  BO  i**t  Coba 

M— eoTsdo.  Bagar*  rather  Irmer  for  Baws.  with  a  moderate 
ittfim  of  activity,  at  7MB  l-lOc  for  fair  to  good  reflninic ; 
rslaad  a  Utile  weak,  bat  etandard  crashed  still  qooted  at  I'.e. 
Blca  lower,  with  salee  of  Raagoon  at  Sic,  gold.  In  bond. 

KaatMfcr  tabaoea  baa  boo*  la  aoderabs  daw* ad  aad  aieady.  st 
9||H>>  tar  laM  aa4  MU&  lor  laaf ;  iL*  salaa  tor  the  srerk  em 
braesd  MB  hKoa.,  of  wliah  MO  war*  for  etport  aad  MM  for  coo- 
•aHplloa.  Seed  l«af  has  eootiaaad  qalet,  bat  oaotaiioaa  have 
r*Malaed  steady  ;  iba  sale*  eaabraee :  crop  of  1971.  SO  oaaea  Ohin, 
oo  private  terms;  crop  of  187S.  WO  esaaa  Cooaacttcat, at  1$^ 
»0e  .  SO  case*  New  York,  at  7^8*  :  and  crop  of  1874, 188  casei 
Coaaaetkat.  at  8fe.>  ■"<>  SO  OMsa  Ohio,  at  )c. ;  also,  900  eaaee 
•aadiT  kind*,  at  7<aSSe.  Spaaiah  lahaeea  ha*  b**a  v*ry  quiet ; 
tk*  niaa  were  100  baiee  Havaaa.  at  flScCtl  OS. 

liaasod  oil  has  remained  steady,  with  a  lair  jobMaa  ii»m**rt  at 
SSSBBe,  Crude  flah  oils  have  beea  qalet  and  aaahaagtd.  Hidee 
have  ruled  tower  and  fairly  active;  dry  Montevideo  sold  at  2lr. 
gold.  4  months .  dry  Bueooe  Ayreo,  at  20c.  ;  do.  klne.  at  17c  gold. 
and  city  alsugbter  ox  at  10c  earraMT.  Whiskey  cloaed  active  at 
$1  17. 

There  ha*  beea  a  ateady,  modarata  boeiaa**  ia  ocean  freiKlitu, 
and  rates  both  for  berth  aad  charter  roan  have  latterly  been 
oaiteateadv;  lata  aagagooMnU  aid  ehart*i«  ineloded:  gratn,  to 
Llvarpool,  by  steani,  Hi.,  provision*  85940*.  per  ton  ;  grain,  to 
Loadoa.  by  *t«aB,  M..  hop*  st  |d. ;  com,  to  Hull,  by  steam  8fi  ; 
told,  to  Bambofi,  by  sKsam,  47s.  Od.  par  to*;  grain  to  the 
BrlMol  Chaanl.  at  •*.  p«r  qr. ;  raflo*d  patroUom  to  Bremen,  at 
4*.  8d. :  do.  to  tb*  Uoitad  Kingdom.  4*.  Bd. ;  do.  to  Saalaader.  5*. 
•d. ;  do.  to  Ttieete,  W  3id  ;  enea  oil  to  Leghorn  or  Naples.  9Sc. 
gold.  Tb-day  :  Bogsr  to  Liverpool,  by  Pteam,  40@47*.  6d.  per 
tea  ;  eottoo.  7'l8dr:  prorisionr,  at  8S(340s.  ;  grain  to  Cork  lor 
ordera,  Ssi  4^. ;  reflaad  petroleum  to  the  Ualted  Kingdom,  A». 
7|d;  aaphtha  to  Loodoa. 5*.;  ease  oil  to  Java,  97MWe..  gold; 
graia   fium  PhUadalphIa  to  Cjrk   for  orders,  Oa.  44d.;  feflned 

Croleam  from  do.  to  Antwerp,  4*.  Od.;  do.  from  do.  to  Aneona, 
Od. 
In  Naval  Stores  there  ba*  been  lea*  doing,  and  qaotatioos 
appear  to  be  gradaally  settling  down  ;  Spirits  Turpentine  do*** 
st4l^..aad  common  to  good  strained  Hoaln  at  SI  80@1  90. 
Petroleam  baa  eoatlaued  very  quiet,  but  reauen,  by  their  limited 
offerings.  maioUio  price*  in  a  steady  poeltlon  ;  refloed,  in  bbi*.. 
I  at  18|e.,  and  Crude,  in  balk,  at  U97e.  tor  tbia  aad  oext 
'  delivery.  Ingol  Copper  eloaea  Irm  at  SSK.  eaah,  with 
I  of  ;00>W0  poaada  Lake  at  tannic  MMh. 


Fridat,  p.  M.,  Nov.  6,  1878. 
Th«  MovKifKvr  OF  THE  CROP,  as  indicated  by  our  telegrams 
from  the  Soulh  to-night,  \a  given  below.  For  the  week  ending 
tills  evening  (November  5)  the  total  receipts  have  reached  175,344 
bale*,  against  170.64.5  bales  last  week,  147.345  bales  the  previoas 
wetrk,  and  137.439  bales  three  weeks  since,  making  the  total 
receipt*  since  the  1st  of  September,  1875.  91.5,744  bales,  against 
803,197  bales  for  the  same  period  of  1874,  showing  an  increase 
ginoaSept.  1,  1875,  of  115.547  bales.  The  detail:*  of  the  receipt* 
for  this  week  (as  per  telegraph)  and  for  the  corresponding  weeks 
of  flva  previoas  years  are  as  follows: 


ReeslfM  thU  week  at— 


NewOilaaDS... 

Mobil* 

Chart wMa.  .... 
FortaByal.*e.. 

Sseaaaah 

Gtltsttoa. 

ladluwla,  Ac... 
Tea*  MSI  I,  Ac.. 

FtatMa 

North  OMoUaa.. 

KorfMk 

City  (Wat.  Ac. 


lUsi 
TMil  slae*  Sept.  1.. 


WA. 


48,M' 

It.TM 

tt.OM 

1.0U 

n,r.. 

t4,IBt 

84' 
M» 

Ml 
lt,l7S 

Mjr. 

1.MI 
lia,S44 


ir.4. 


3«,Mi> 

ii.n4 
la^t* 

l.«ti 
S4.IM 

ia.417 

«n 

e,4it 

an 

iLua 

w,«u 

:,M0 


isa. 


IfTt    I    1871. 


80,IMi 
7.708| 

[  18.0M. 

7.Ul!l 
8S6|< 

4LUI 

1M 

1.3M 

17,091 1 

t,*01 


J4.WT 

I4.M0| 

17.9S1. 
St,188 
lt,16t 

8,838 

«S 

1,101 

IT,  ISO 

l.QW 


81,  tS} 
:0.9B0 

10.481 

M,S>5 

5.SS9 

8.881 

^41 

t^•.^ 

10.t08 
1,847 


i48.m8|  :i8,m   t3s,n»J  I0^40o{  \»xsia 


%Win    8II0.1W'  8C0.8I':!  7»i.giil  attiw 


1870. 

4t.0T5 
18,401 


31,131 

SJ61 

7,0» 

M6 

1.488 

10,408 


400  ItO 


n*  export*  for  the  week  ending  this  evening  reach  a  total  of 
70,9tB  bale*,  of  which  50,790  were  to  Qrvat  Briuin,  11,871  to 
Fraaee,  and  7,<8S  to  reat  of  the  Continent,  while  tlie  stocks  as 
mada  ap  this  eveuing  are  now  487,540  bales.  Below  are  the 
stock*  and  exports  for  the  week,  and  also  for  the  oorre*ponding 
walk  of  last  aeason: 


K..V.  Ik 

,   Bxportedto 

Total 

Same 

Stock. 

°'**»  Irraaeel""""- 

this         week 
week.       M74. 

1875. 

1874. 

!«avOcl««M 

»«*'•• 

Ctartsitea........ 

SsTaasMi 

Qsl»ssMa.  .  .... 

New  Totk. ._.... 

Ottar»an*e 

u,in 
•n 

B.on 

USB 

i«.Tn 

8.78J 

1.U1 

I.W 

■  ••* 

at 

1.4M 

4.m 

•    ... 

•.tut 
t,:»i 

8,071 

%.im 

1T.M8 
•.IN 

5.881 

•',890 
•,«• 

4,4M 

n.iN 

11,108 
16,481 
•8^741 
4t,SM 

78,  an 

SS.00C 

Talri  lM*wssk.. 

1,«8 

n,«8 

tijm  487,M»  |44l.lf8 

-nMislaesaept.l 

M1U4 

«•.<» 

••.•M 

aM.M4 

M*7«l 

.... 

.... 

*  Tike  .uaru  tab  VMk  mSaetkekeed  <if  'Dtner  poru"  Inrlaite  rrom  Rn«'onS:7 
bale,  fa  LItwmoI:  rroa  niiadelDkla  Ut  bale*  to  LiTerpool ;  rron  Wtlml  gtoa 
UAtaae.to  Uwreol. 

\XF  Our  telegram  from  New  Orleans  to-night  show*  that 
bMNM  the  above  exports  the  amount  of  cott<in  on  siiiptioard,  and 
for  ahlpmeat  at  that  port,  is  as  lollows:  For  Liverpool, 
;  (or  Havre,  2<t.000  bale*;  for  CoDtinent.T..'iOO  bales;  for 
iwla*  porU.  800  bales;  total,  ■5'l;i00  bales;  wbioQ,i(  dedaoted 
tho  atock.  woald  leave  07,500  balea  repreaentinir  the 
^WMtity  at  the  landing  aad  In  presae*  an*ol«l  oraaralting  ordt^rs.J 
Item  the  foregoing  atatement  it  will  t>o  seen  that,  compared 
wtdt  the  eorreepooding  week  of  laat  season,  tbi-rx  is  an  inersoM 
la  the  export*  thi*  week  of  18.008  bale*,  while  the  stocks  to-night 
ar*  49.491  balea  M*r«  tlian  thejr  were  at  thi*  time  a  year  ago. 
The  following  is  our  usual  table  showina  the  mnremnnt  of  cotton 
at  all  the  porU  from  Sept.  1  to  Oct.  30,  the  latest  in^il  dates: 


aacBirr* 

BzroBTBo  MHOS  ssrv.  t  TO— 

Ooait- 

Wl»* 

Port*. 

PMBii*- 

^ncB  (irT.  1. 

BrilalBl'^'"**;forari. 

ToUI. 

Stock. 

I«7». 

irt. 

ILOfttaaa. 

ari>ssiaa*! 

HnrTork. 

riarlda... 

W.  Ohrollna 

llartolk*. 

Othsrport. 

1M.7M 
•8.1BI 
IIMM 

iMLtat 

188,n8 

11.780 

1,MI 

n.aH 
Mt,aa0 

•,*7» 

181,877 
10,414 
MM 
1MJ17 
18.  tM 
14.478 
1.W7 

2S 

8.mJ 

47,n8 

unA 

M-Mt 

4)448 
'  14.181 

1«.1» 

•.ni 

M«7 
8» 
Ml 

18,U84 

ll,81l 

8*778 

•70 

1M7I 

81418 

8S.1M 

ii.sa 

80.&17 

47,048 

8.470 

«S,<»I 

4,4M 
17.iT7 

»,0i8 
M.M1 
80,818 
44,  IM 
45,874 

iImi 

18,751 
8i,»C 

MU648 

101.804 
M,4a4 
51,^ 
85.1T8 
S0,8M 
88.980 

4,«« 
18,187 
14,500 

TaiuiUrr- 

7«xaM 



IM.tM 

MJ07 

80,880 

„ 

i8a.Wl 

400.184 

Tot,  1«.i  rr. 

SMtM 

1S8S14 

».ir 

tf.>m 

m.sM 

•i7.r.'j 

.W.181 

■tiaaterihelMadef  CMrl«<oa  I.  Iiiclodad  Port  Har>I.  acj  anderile  bead  of 
ffsmnliiii  I.  lasliSs*  laalUnoia,  *«  ;  oodar  IIM  head  of  ^torroUt  U  lacluded  Clly 

P«iM,*c. 

These  mall  returns  do  not  correspond  prcclHclr  with  tho  total  of 
tks  telegraphic  flguros.  iiecaose  in  preparing  tiiein  it  is  always 
to  inoorporat*  rvery  oorrscUou  made  at  the  porta. 


444 


THE  CHRONICLE. 


[NoTembjr  6,  l-i75 


The  termination  of  tlie  "  corner  "  for  October  has  necessitated 
a  revision  and  reduction  of  (juotatiouB  for  Cotton  on  tlip  s^pot ; 
and  t)iey  were  uiarlxod  down  i<:  on  Monday,  ic.  on  Wednesday, 
and  again  ^c.  yesterday,  from  14|c.  for  Middling  Uplands  on 
Saturday  last  to  13|c.  yesterday.  At  this  reduction  then;  was 
some  revival  in  the  spinning  demand,  but  with  dull  forciign 
advices  and  declining  gold,  the  export  business  was  quiet.  To- 
day, quotations  were  turther  reduced  3-16c.  to  13  o-lOc.  for 
Middling  Uplands,  and  at  the  reduction  there  was  more  doing  for 
export  and  consumption.  For  future  delivery,  the  week  ojiened 
with  considerable  buoyancy  of  feeling ;  it  was  believed  that 
the  receipts  at  the  ports  would  show  a  smart  falling  off  ;  they 
had,  it  was  thought,  been  stimulated  by  the  necessity  of  parties 
who  were  "  short"  for  October  ;  and  Liverpool  was  expected  to 
receive  some  stimulus  from  the  smaller  receipts.  But  these  hopes 
were  disappointed  on  Monday  and  again  on  Wednesday;  and  on 
the  last-named  day  there  was  a  sharp  decline.  They  were,  liow- 
ever,  partially  realized  yesterday,  and  the  opening  was  buoyant, 
but  a  partial  decline  in  Liverpool  counteracted  that  influence,  and 
the  close  was  dull,  with  the  early  improvement  mostly  lost.  To- 
day, there  was  a  hardening  tendency  to  the  market  for  futures, 
with  a  partial  advance  of  l-33@l-16c.,  but  the  demand  was  neither 
active  nor  general.  After  'change,  there  were  sales  at  13  5-32c. 
for  January,  and  13  l-2c.  for  March.      The  total  sales  for  forward 

delivery  ton  the  week  are  104,400  bales,  including  free 

on  board.  For  Immediate  delivery  the  total  sales  foot  up 
this  week  4,010  bales,  including  1,120  for  export,  3,375  for  con- 
sumption, 115  for  speculation  and in  transit.     Of  the  above, 

450  bales  were  to  arrive.  The  following  are  the  closing  quo- 
tations: 


New  ClaaBlflcBtlon. 

Drdlnarr perk. 

Strict  Ordinary 

Good  Ordinary 

Btrtct  Good  Ordinary 

LowMlddllnB 

Strict  Low  Middling 

Riddling 

Good  Middling 

Strict  Good  Middling 

Middling  Iftlr ". 

Fair 


Uplandg. 

Alabama. 

New 
Orleani. 

Texas 

11  3-16  «.... 

11  5-n  «.... 

U  5-16  a... 

11  3-16  @... 

!1  11-16«.... 

11  U-16®.... 

11  18-16®.... 

11  lS-16a... 

12  1^-18  a... 

12  t-16a.... 

13  9  18  ®  ... 

12  9-16®... 

12  v.-ie@.... 

U  li-U«.... 

12  lS-16a.... 

12  I5-Ifa... 

13       a.... 

13X     a.... 

13%        ®.... 

13H       ®... 

13  3-U  a.... 

U  5-18  ®.... 

13  D-n  ®.... 

;3  K-lfi  ®... 

IS  5-l«  ®... 

13  7-16  ».... 

13  ii-:6@.... 

13  11-16®... 

!3  9-H  «... 

13  ll-'6«.... 

13  15-16a.... 

IS  15-1ba... 

13  13-16a.... 

13  !5-16».... 

14  H-16  a.... 

14  3-16  a... 

14  3-16  a.... 

14  5-16  a.... 

14  »-i6  a.... 

14  9  16  a... 

13  s-;6  &.... 

15  5-16  ®..,. 

15  S-16a.... 

15  9-16  a... 

Good  Ordinary 

Btrtct  Good  Ordinary  . 


8TAINBD. 

.  II  7-16  I  Low  Middling.. 
.  12  5-18  I  Middling 


.12M 
.12  11-16 


Below  we  tcive  the  sales  ot  spot  and  transit  cotton  and  price  of 
Uplands  at  this  market  each  day  of  the  past  week  : 


SAL».                                 1 

PBloas. 

Now 
Classmeatlon. 

Bxp't. 

"so 

1,090 
1,120 

Con- 
Bump. 

Spec- 
ala'n 

Tran. 

alt. 

Total. 

OrdTy 

Good 
Ord'ry. 

Low 
Mldl'g. 

Mld- 
dllnt. 

Saturday  

Monday 

tnesday 

WedneBdaj,... 
mnrBday 

59 
462 

r,s.w 

691 
t.0j 

2) 

73 

Exo 

'12 

hango 

84 

540 

ClOBCd, 

1.S35 

TU 
1,9J7 

13!« 
IIV 
Ileoti 
UX 

11*-U 

on  day. 
12X 

12  5-16 

14  1-16 
13  9-16 

;3'5-i6 
13  3-16 
13 

13H 
IJ  5-16 

Total 

3,3;5 

115 

4,6;0 

.... 

.... 

For  forward  delivery  the  sales  (including  free'on  board, 

have  reached  daring  the  week.  101,400  bales  (all  middling  or  on 
the  basis  of  middling),  and  the  following  is  a  statement  of  the 
.'<«leB  and  prices 


f^T  October. 

""m....'...  -""^s 

For  Novembe."- . 

7,900 18>4 

9.200 13  5-32 

2.500 13S-16 

2.(00 13  7-32 

100  B.n ISU 

1,200 13  m5 

1,400 13  11-32 

4.200  13X 

8,300 13  13-32 

400 13  7-16 

SJiOO... 13  1542 

100  s.n -.ASH 

84,000  total  Not. 

For  December. 

100 12  31-32 

7,200 13 

5.000 13  1-32 

3,200 1.)  1-16 

200, 13  3-32 

aoo 13K 

2,700 13  5-M 


bales.  ctR. 

1,900 13  3-16 

1,00.1 13  7-32 

3,000 13X 

24,500  total  Deo, 

l't  January. 

■2  2,^         IS  1-16 

i;»oo:::.:...-.i3  3.g 
1,000 -fm 

M) IS  5-w 

40O :3  3-  '• 

■:ao 13  7-3^ 

6,000 13W 

700 13  9-3i 

700 13  .'i-16 

13,200  total  Jan. 

For  February. 

200 13  3-18 

1,300 13  7-32 

1,900 13>s 

1,200 13  9.32 

BOO 13  5-16 

600. 13H 

700 ..13  13*2 


bales.   '  cts. 

400 13  716 

200 13  15-32 

7aiO  total  Feb. 

For  March. 

500 ISK 

1.100 13  13-3i 

2,000 13  7-16 

2,000 13  1532 

1,310 13K 

300 IS  17-32 

»,5l» 13  9-16 

100 13  19-32 

(,V>0 13X 

12,500  to.*"*!  March. 

For  AprlL  _  ._ 

600 13  9-16 

1,1(10 13  :9-32 

900 n% 

1,009 13  21-32 

100 13  11-16 

JOO lS28-:a 

1,700 iSX 


bales.  cts. 

900 13  25-S2 

6.900  total  April, 

For  May 

SOO 13  23-32 

600 lav 

200 IS  is-i; 

200 13  21-32 

SOO vjfi 

100 13  29-32 

4L0 13  15-16 

2,300  total  May, 

For  June. 

1,100 13  15-16 

100 13  31  32 

SOO 11 

1,300  total  June. 

For  July. 
ICO 14  5-32 

For  August. 
100 UH 


sade  during;  the  week : 


The  following  exchange  was 
5-16C.  pd.  to  eich.  100  Jan.  for  March. 

The  following  will  show  spot  quotations  and  the  closing  prices 
bid  for  futures  at  the  several  dates  named ; 

XIDDLINS  nPLASDS— AMIBIOAK  OLABBITIOiTIOW. 

Fri.  Sat.  Mod. 

On  spot 14X  <.4%  ViH 

November 13  5-18  !Sx  13  5-16 

December 13  3-32  13  3-18  13« 

January 13  ."-32  ISX  13  I-.12 

February 18  5-16  13  1^32  13  11-32 

March 13  15-32  13  9  16  13  17-32 

AprU 13S  13X  13  23-32 

May IS  iS-16  13  29-32  13  29-32 

June 14  14  1-16  111-16 

July U!4  14  7-31  It  3-16 

August 14X  14  5-32  14  5-13 

fialesspot 625  81  610 

Bales  future...  34,'200  20,300  20,300 

'Gold... 116H  116  118i4 

BxoUue 4,74  <,;«  4.73H 


Wed. 

Tburs. 

Frl. 

IS« 

I8H 

13  3-16 

13  3-32 

1.1K 

13  3-16 

13 

13  1-32 

IS  1-16 

13  3-32 

13^-32 

13  5-12 

IS  7-32 

13  9-32 

13K 

13  15-32 

13  ir>-32 

13  19-S2 

13  21-32 

13  21-.'i'. 

13  23-32 

13  13-16 

13  27-32 

13  15-16 

14 

14  1-42 

14  1-16 

14  5-32 

14  5  32 

14  5-32 

14  « 

14  5-16 

1,355 

721 

l.il07 

29,500 

20,700 

13.1110 

IMK         1I^X         115W 
4.73H        4.7S)<       4.-,1}( 


TiiK  Vtsiblf.  Supply  of  Cotton,  as  made  up  by  calile  and 
telegraph,  is  as  follows.  The  continental  stocks  are  the  figures 
of  last  [Saturday,  but  tlie  totals  for  Great  Britain  and  the  afloat 
for  tlie  CJontinent  are  this  week's  returns,  and  consequently 
brought  down  to  Thurnday  evening;  hence,  to  make  the  totals  the 
complete  figures  for  to  night  (Nov.  5),  we  add  tins  item  of  exports 
from  the  United  States,  including  in  it  the  exports  of  Friday  only: 

K1S.  1874.  1873.  1873. 

Stock  at  Liverpool 596,000  588,000  529.000  438,000 

Stock  at  London 63,750  10.5,750  802,250  23.3[o00 


Total  Great  Britain  stock , 


639,750 


Stock  at  lUvro 190,500 

Stock  at  Marseilles 3,000 

Stock  at  Barcelona 68,000 

Stock  at  Ilambarg 15,600 

Stock  at  Bremen 30,100 

Stock  at  Amsterdam ...  54,000 

Stock  at  liotterdam 12.000 

Stock  at  Antwerp 6,850 

Stock  at  other  continental  port?. .  7,000 


693.750 
146,000 
12,000 
55,000 
18,»)0 
85,500 
S<,500 
80,500 
8,760 
88,000 


731.2.W 
90,750 
10,850 
81,000 
83,000 
30,850 
98,750 
84,500 
15,000 
35,000 


721,000 
231,000 
13,000 
35,000 
88,000 
S4,000 
68,000 
11,000 
33,000 
40,000 


Total  continental  porta 378,750  403,750 


3)8,500 


487,000 


Total  European  stocks 1,036,500  1,102,500  1,073,7.50  1,806,000 

India  cotton  afloat  for  Europe....  210,000  193,000  164,000  174,000 

American  cotton  afloat  for  Europe  178,000  167,000  137,000  lo5,000 

Egypt,  Brazil,  &c.,afloat  for  E'rope  39,000  53,000  72,000  60,000 

Stock  in  United  States  ports 487,549  444,128  891,953  318,779 

Stock  in  U.  S.  interior  ports 69,900  67,292  53,199  63,878 

United  States  exports  to-day 19,000  7,000  ,5,000  12,000 


Total  visible  supply,     ..bale8.S,039,043       8,013,920        1,801,902       1,997,051 
Of  the  above,  tbe  totals  of  American  and  other  descriptions  are  as  follows 
American— 

Liverpool  stock 203,000 

Continental  stocks 163,000 

American  afloat  to  Europe 173,000 

United  States  stock 457,549 

United  States  interior  stocks 69,900 

United  States  ezpot  ts  to-day 19,000 

Total  American balea.1,184,149 

Eatt  Indian,  Brazil,  dtc— 

Liverpool  stock 388,000 

London  stock 63,750 

Continental  stocks 814,750 

India  afloat  for  Europe 210,000 

Egypt,  Brazil,  &c.,  afloat 39,000 


1.50,000 

85,000 

68,000 

175,000 

106,000 

67,000 

167,000 

137,000 

165,000 

441,123 

894,953 

318,779 

67,293 

58,199 

59,872 

7,000 

6,000 

12,000 

1,010,420 

686,158 

684,051 

433,000 

414,000 

486,000 

105,750 

202,8.50 

233,000 

233,750 

236,500 

420,000 

19S,0ilO 

161,000 

174,000 

58,000 

73,000 

60,000 

1,033.500 

1,118,750 

1,313,000 

1,010,480 

688,158 

681,051 

TotalEast  Indla,&c 915,500 

Total  American 1,184,449 

Total  visible  supply.... bales. 2,039,949  2,043,920  1,504,908  1,997,051 
Price  iflddling  Uplands,  Liverp'1,6  15-16d.    7K@"5id.         SJid.        93^®9%d 

These  figures  indicate  a  decrease  in  the  cotton  in  sight  to-night 
of  3,971  bales  as  compared  with  the  same  date  of  1874,  an 
increase  of  235,047  bales  as  compared  with  the  corresponding  date 
of  1873,  and  an  increase  of  42,898  bales  as  compared  with  1873. 

At  the  Interior  Ports  the  movement — that  is  the  receipts 
and  shipments  for  the  week  and  stock  to-night,  and  for  the 
corresponding  week  of  1874 — is  set  out  in  detail  in  the  following 
statement : 


Week  ending  Nov.  5,   1875. 


Receipts.  Shipments.  Stock. 


Augusta,  Ga 

Columbus,  Ga 

Macon,  Ga 

Montgomery,  Ala  . . 

Selma,  Ala 

Memphis,  Tenn 

Nashville,  Tenn. . . . 

Total,  old  ports 


Shreveport,  La 

Vickaburg,  Miss 

Columbus,  Miss.. ., 

Enfaula,  Ala 

Atlanta,  Ga 

Charlotte,  N.  C 

St.  Louis,  Mo 

Cincinnati,© 


Total,  new  ports 
Total,  all 


10,542 
2,812 
1,938 
4,884 
4.196 

21,703 
1,285 


46,750 

8,716 
1,170 
633 
8,152 
3,756 
1,655 
9,468 
3,622 


85,165 


71,915 


5,831 

483 

1,194 

8,237 

3,.361 

10,727 

919 


30,692 

2,9f,7 
502 
667 
8,001 
4,313 
1,704 
7,752 
8,859 


22,695 


53,387 


19.056 
6,939 
5,007 
6,649 
6,384 

84,3511 
1,509 


69,900 

6,566 
8,624 
1,6-25 
8,364 
1,998 
437 
6.148 
3,490 


24.252 


94.152 


Week  ending  Nov.  (»,  1874. 
Receipts.  Shipments.  Stock. 


10,801 
2,877 
3,276 
2,431 
3,  .38! 

13,1)6 
1,435 


37,330 

2,846 
1.21(6 
1,081 
1,098 
5,037 
938 
6,446 
6,705 


23,840 


61.170 


_L 


8,406 
2,268 
2,2.35 
1,892 

2,a:>o 

12,388 
763 


30,800 

8,881 
1,177 
890 
808 
3,393 
\,Ui 
4,061 
6,749 


20,500 


50,700 


13,324 
5,317 
5,681 
6.620 
5,656 

83,44  >l 
6,348 


07,898 

8.951 
1,104 

585 
1,496 
8,638 

101 
1.1,030 
5,18T 

27,998 

95,29J 


Theabove  totals  showthat  the  old  interiorstocks  have  increased 
during  the  week  10,0.58  bales,  and  are  to-night  2,608  bales  more 
than  at  the  same  period  last  year.  The  receipts  have  been  0,420 
bales  more  than  the  same  week  last  year. 

BOUBAT  Shipments. — According  to  our  cable  despatch  received 
to^ay,  there  have  been  1,000  IJales  shipped  from  Bombay  to 
Great  Britain  the  past  week,  and  4,000  bales  to  the  Continent; 
while  the  receipts  at  Bombay  during  the  same  time  have  been 
5.000  bales.  The  movement  since  the  1st  of  January  is  as  follows. 
These  are  the  figures  of  W.  Nicol  &  Co.,  of  Bombay,  and  are 
brought  down  to  Thursday,  Nov,  4  : 


1875. 
1874. 
1878. 


.—Shipments  this  week-, 

Great       Cop. 

Britain,  tluent.  Total. 
.  1,000  4,(00  5,000 
.  5,000  3,000  8,000 
.    7,000        ,.  ,       7,000 


^-Shipments  since  Jan.  I-, 
Great  Con- 
Brltaln.  tluent.  Total. 
773,000  434,000  1,196.000 
801,000  375,000  1,176,000 
e91,000    301,000     895,000 


. — TTecelpts. — % 
TblB  since 

Week.  juti.1. 
6.000,  1, -268,000 
5,000  1,231,000 
6,000        961,000 


Novimber  6,  1875,J 


W*' 


THE  CHEONICLE. 


445 


FTom  the  fonKolng  It  would  appear  that,  compared  with  last 
year,  there  ia  a  deerttu*  of  3,000  balea  thU  year  in  the  week's 
ahipmeota  from  Bombajr  to  Europe,  and  thai  the  total  moTement 
■i  nee  January  1  shows  an  inereiue  in  shipments  of  30,000  bales 
compared  with  the  corresponding  period  of  1874. 

WcATHlB  Rkpobts  bt  I'ki.koraph.— The  weather  the  past 
week  haa  been  generally  favorable  for  picking  purposes.  At 
many  poiata  there  has  been  rain,  but  only  in  limited  sections  has 
it  been  aolBeient  to  ioMrmpt  materially  farm  work.  The  in- 
gathariag  of  the  crop  is,  therefore,  proceeding  ■atiafactorlly.  In 
If  iaBJaaippi  the  election,  of  coarse,  was  a  hinderance ;  but  it  has 
DOW  paaaed  and  the  contest  has  fortunately  ended  in  the  triumph 
of  good  gpTemment,  ao  that  there  will  be  no  further  delays  from 
that  caoM. 

OaiMrtOM,  TtxoM. — The  recelpta  this  week  are  the  largest  ever 
reeelred  bare  in  any  one  week.  We  hare  had  quite  warm  and 
favoiable  weather  and  no  froot  anywhere.  There  were  ali^tlit 
showen  on  two  days,  with  a  rainfall  of  ten  hundrtrdtha  of  an 
inch.  The  rain/all  fur  the  month  of  October  haa  been  two  inehea 
and  eleven  hundn-dtli.4.  The  thermometer  thia  week  haa  areragad 
Ti.  the  hi^heat  \xmg  k2  and  tlio  lawaat  88. 

Iniimnoia,  Teztu. — We  hare  had  no  rain  thia  week,  and  durini; 
all  October  the  rainfall  waa  only  forty-aerea  hundredths  of  an 
inch.  It  has  been  warm  and  picking  ia  making  flna  proereae. 
The  thermometer  haa  averaged  71,  the  highest  beli^  S4  ana  the 
lowest  00. 

Cvnieamt,  Ttxa$. — The  cotton  plant  ia  atill  in  vigoioos  growth 
here,  and  picking  ia  soimr  forward  rapidly.     It  has  been  warm 
and  dry  all  the  week.    The  thenaometer  haa  averaged  67,  the 
hiKheat  bring  90  and  the  lowest  44.    Daring  October  Uie  raia/all  j 
waM  twenty-two  handradths  of  an  inch.  ' 

Jf*m  OrUaiu,  Lcmili»na. — We  have  had  warm.  snlUj,  wet 
weather  tbn  past  week,  laia  failing  on  throe  daya.  the  lainfall 
reaeUng  two  inches  and  rixtasn  hoadredUis.  Ths  raialkll  for 
the  BM>atk  waa  two  iaebea  and  tUrty-Av*  kaadvedthK  Average 
thermometer  doring  tbo  week  67. 

6*rM«port,  .LokMmm.— The  weather  the  past  wssk  has  been 
fair  for  picking.  Kain  fell  on  Thursday  and  Friday,  the  aaiBlkll 
n.'aching  thirty-eight  hundredtha  of  an  incli.  The  tbaiMoaieler 
haa  averaged  M,  the  eztreraea  being  M  and  43. 

Fiefafrwff.  MiuimifpL—Wt  have  had  ao  lala  the  put  week. 
Ths  thennoinetar  haa  avaragad  07,  ths  hirhrst  baiag  fS  aad  the 
lowMtae. 

Otbtmbui,  MmimippL—Tkn*  was  raia  ths  Utter  part  of  the 
past  wash  on  one  day,  the  earlier  portion  of  the  week  Mag  clear 
and  pisasaat ;  the  raiafall  reaebsd  one  huadredtk  of  aa  inch. 
TlteoecomaMoraleetloa  day  doriag  the  week  la  thaeaweof 
the  small  reeetpla.  Ths  tksnaoastar  has  aven^sd  66.  the 
rxtremes  being  08  aad  84. 

14UU  Back,  ArkoMmu.—Th*  wnlhii  tka  pMt  two  wseks  has 
been  exeelleat  for  ths  in-gatheilag  of  the  crop,  aad  it  has  beea 
well  nsi^  We  have  had  three  Tight  ahowers  aad  o«s  night's 
rain,  the  laiofall  for  the  two  wraks  laailiiiij}  oas  Inch  and 
twenty  two  hundrrdtha.  Averse  thanaoBMUr,  two  waaks,  02, 
highest  HI  aad  fewest  41. 

JfaAwOU,  Tmumm.—Tlm  latalaU  for  ths  past  week  reach«.l 
oae  aad  iweatr-ooa  kaadradlha  taeiMs,  raialutviog  fallm  »n  tw.> 
days.  M oeh  daaiaga  has  bsaa  doos  the  crof  by  the  recent  froeu. 
•vaa  greater  thaa  has  been  hetetofora  ranpsssd.  Ths  average 
thanMaMtsr  was  A7.  highest  66  aad  h>wc«  47. 

M$mfM*,  rwiiiii. -Thers  waa  laia  oo  two  daya  this  wrvk. 
ths  ralatell  reaching  thres  aad  toftyooe  baadrsdtks  laehra.  "Hie 
rret  of  ths  waMi  was  pisasaat.  About  oas-half  af  the  crop  has 
b»-n  gath-red  In  this  TkiaUy— dpIaMswN— <lat»tu>  nutrket 
frwiy.     Avatage  thifumatsi'  Si,  highsst  66  awl  imMst  51. 

MMU,  iiriiiws— Ths  latter  pwt  of  ths  wask  H  was  ahow»ry 
nntwodaya^  bat  ths  early  part  was  clear  aad  plaaaaat.  Halo- 
fall  lor  tfes  week  oos  inch  and  siiiy<'lght  hnadraMia;  fbr  the 
mooth  two  laabsa  aad  tlilrty-twn  haadredths.  Avsiaga  ther- 
mssislar  64.  higbaat  tlO  aad  lowest  44. 

Mmtl§tmtrff,  .distasML— Ths  Orat  part  of  the  weak  waa  clear 
aad  plssaaat,  bat  thare  WWTS  thrsstainy  daya  ths  knar  t^"  •>• 
nisfall  aggrtgaliBg  ooa  sad  eighlesa 


rUnfall  for  ths  aioalh  was  oas  aadatsty  alglitlMWdNdtli^ 

About  twikthirdaof  tbesfoplsatnrpt^sdaadhlsbstagsaot  u> 

market  freeiy.   AvaiajrathanBoaMisr69,  higWatTTaad  lowaat  42. 

IMm  a,  AMasis.— Thaw  was  oae  rainy  day  bera  tha  at  week 

tha  laiaaliilaa'  ris  dura  being  plaaaaat.     Halalall  for  «m  week 

aseaaty-Sva  ioadradtha  of  an  ush,  aad  avetaga  tkannsiaalsi  60. 

Plantvia  are  Beading  the  erop  to  market  fmely. 

lAafwoa,  /IsrUaL— There  vrSta  two  rainy  daya  hsia  dnriag 

the  rainfall  a^grsMllacaas  laob  aad  fbrtyhoadiedths: 

e  nl«ht  we  had  a  fiaM,  bat  not  a  killinf  froat.    About 

'  the  crop  haa  bsaa  aMtksisd  aadHISBtlll  belni; 

freely.    Tha  tbeMMMaaMr  kaa  atraaaged  66,    the 

Th  and   lilt,  lii«r>^  Qg. 


here  on  one  day  tha  paat  week 

Oetohar  waa  slTty.aias  kandredths 

ilwrmometer  for  the  weak  past  wm  W, 

west  !|5. 

Auanta,  ut«rgta-  it  waa  showery  beta  on  one  day.  ths  weather 

the  last  of  tha  weak  being  pleaasat.    Total  nlBtall  forty-four 

huadrsdtMof  •n  i"")-    •"■'   '•  •  •'■  ■ •»•  one  and  forty  ^iglit 

haadiadtha.  ~t  ^        ■ 

(khiwAvMfl 
niafall  i 
month   < 

Kt  lor  lOe  wer*  l)<l.  III,;!,.-.'    .  ^t  J(i. 

0M|(«>  -'Tbsra  waa  a/ kirn  dailng  ttia 


and 

rj  aixl  lowest  4;i 
11    two   •lays,  the 


.  I  tor  the 
>  nge  titer 


^NoT.  8,  -Tl.-, 

Fm^L  Inch. 

\i  0 

Z  0 

1  8 

h  a 

4  11 


week,  the  rainfall  reaching  twenty-eight  huiidre<ltbs  of  an  inch. 
With  this  exception  tlie  wenther  haa  bt'cn  warm  and  lirv.  .'\verago 
tUermoiiiet«rti4,  hij^liest  SO  and  lowest  43.  Kainfall  for  tlio  month 
two  and  eighty-seven  hundredths  inches. 

Auoutla,  Oeorgia. — The  early  part  of  the  past  week  wa.s  cTbar 
and  pleasaQt,  but  tha  latter  part  waa  cold  and  on  one  day  there 
was  a  li^bt  rain,  the  rainfall  reaching  twelve  hundrcdtliti  of  an 
inch.  Crop  accounts  are  favorslile.  Average  thermometer  81, 
higheet  79  and  lowest  $5.  Kainfall  for  the  month  of  October  one 
inch  and  8tx-hiindredth.-<. 

CharUtton.  South  Carolina.— The  rainfall  for  the  month  of  (M- 
Jober  reached  an  aggre^te  of  three  inches  and  ninety  hundredtlis. 
The  thermometer  auring  the  we«k  past  has  averaged  63,  the 
hif^eat  being  7.5  and  the  lowest  44. 

Tfce  following  sutement  we  have  also  received  by  telegraph 
Rhowing  tJie  heitrht  ot  the  rivers  at  the  points  named  at  3  o'clock 
Nov.  4.  We  give  last  year's  figures  (Nov.  0,  1874)  for  com- 
parison. 

^Nov.  4,15-, 
.,.,»-.  -  .      .  FeeL       Inch. 

New  OriaaBa..B«lew high-water  Bark 4  i 

Memphis.. ...Above low-water  mark 5  B 

NaawBe. ....Abovslow-watn' mark t  It 

8hfav9ort.... Above  low-water  mark (  1 

VkfelbBrg....AboTelow-w>tcr  mark mlttlu;. 

S'ew  Orleans  reported  below  high-water  mark  of  1871  until 
Sept.  9,  1874,  when  the  zero  of  gauge  was  changed  to  high-water 
mark  of  April  15  and  16,  1874,  which  is  6  lOihs  of  a  foot  above 
1S71.  or  16  feet  above  low- water  mark  at  that  point. 

Qnrav  Baos,  B.vooixo.  Ac. — Dnriog  the  past  week  the  mar- 
keMirhaaglng  has  been  rather  quiet  but  few  lots  of  goods  being 
dlspMsd  mT aad  pricea  in  the  abaence  of  buriness  are  nominal. 
We  bear  of  sales  of  only  iV)  rolls,  at  12i<jiil2lc...  and  the  market 
rioaea  quiet  at  theae  figures.  Balea  continue  dull  and  no  demand 
baa  haon  manifested  ;  India  are  quoted  at  i4^}c,  Borneo,  t3i(^ 
13e,  Bagaareqniet  and  nominal.  Butta  have  ruletl  Gnu  in 
tona^  bat  the  demand  ha.s  iK-en  small.  We  hear  of  sales  of  27.'S 
balsa  at  3c,  time.  .\t  the  clns«  holders  are  asking  2  l.')lflc,caah, 
and  to.  time,  with  no  disposition  to  shade  these  quotations. 

Qkbat  BRiTAi.f  Spi.nnixo  Capacitt.— The  reaulu  of  aeea- 
sns  of  the  cotton  manufacture  ot  Great  Britain,  Uken  at  the 
eloss  of  1874  by  Messrs.  Redgrave  and  Baker,  Uer  Majesty's 
laspaetora  of  Facades,  has  Just  been  published.  Subjoined  are 
tkslgores  compared  with  those  ol  1870  and  1801,  as  given  by 
Messra.  EllUoa  A  Ca: 

xoahif  s(  Mudoc  ipiadiM aojn.tfi 

•rkM«a«mplo7«d: 

»»lmtatm  It  jt»n  ot  igr 

Feashs  aadar  if  yean  of  Sff*., 
MalNksCwMa  U  aad  II  7«n. 
Ptaaha  ahora  U  7<ars      


VMIiMBbM'ar 
Total  aaaib*  or 


mt. 

I8T0. 

1874. 

jn.4>T 

si.eM,tti 

«,SIS,Tft 

tn.M 

440,«n 

403,118 

n.(Bi 

33.  Ul 

83,(7t 

iT.iin 

10.  Ut 

S4.m 

tl.WT 

aB.m 

U,tS7 

iBi.m 

SM,W1 

106,667 

mjta 

n7,Mt 

llS.SSt 

i8t.aM 

1T8J9T 

187,M0 

*S).OU 

ri,fM 

M1.ISS 

4fti,a 


4Bq^ 


47«,ua 


Tt4al  aties  aad  fa 

Haaihwefpovsr-laeawsavcn .      l«.«m  iaA.111  l<B,as 

N'oaAw  of  o(h«r  haa4» IS\MO  aM,74«  llS,a>a 

Ws  woald  be  plsaaed  If  our  raadsra  would  eompare  theae  fig. 
urts  «(  sptaaiag  spindles  with  eetireatea  made  by  us  daring  the 
last  tkias  ysara  ia  our  article  on  Kuropeaa  consumplioa.  As  our 
latlmataa  were,  at  the  timea  published,  very  severely  criticised, 
eapSiially  in  Liverpool,  we  think  that  their  close  approximation 
t«  thaoOeial  Btatrmaot  now  givea  folly  justifies  this  reference 
tathna.  No  point  is  more  importsat  In  the  ooltnn  problem  than 
tha  aataal  ooasamptloo.  TakloKS  are  eaally  stated ;  but  what 
ws  waat  to  know  is  the  ioviaible  aapply.  There  Is  no  way  to 
reach  thia  InforoMtion  except  oa  the  basis  of  the  spinning  spin- 
dlas. 

QaLvkstoh  Caor  Kkport  por  Skptbudbr.— The  Qalves- 
toa  Cattoe  Etcbange  did  ni>t  Ibkub  their  Meptember  report  for  the 
Hlataal  Texas  until  the 'J'Jud  of  October,  ths  mails  having  been 
mask  daraogrd  by  the  storm.  We  have  received  a  copy  of  It 
this  waak  ana  give  it  below.  Th«  report  la  condensed  from  1 1 4 
from  65  counties.  In  answer  to  aaeations  sent  out 
bar.  The  period  embraced  la  from  the  SOth 
A«Mll  to  the  34th  Beptewber. 

ital  ttaestlaa.— What  has  been  the  ehasMlar  of  the  weather  •Isae 
the  IMh  Angvii  T 

■eesw<  Qaeatlea.— What  dsaufc.  M  aay.  has  beta  dona  to  the  crop 
hj  last,  rot,  or  •(ana  * 
"Thtra  Qaestioa.— When  did  picking  commeae*  with  70a,  aad  bow  1* 

vSErSk  Qaaatlea With  froet  at  the  saaM  time  aa  last  year,  will  the 

yMiiatksaaaw,  grtatOTor  l«M  r 

VIMk  %asattaa.— Ituu  anjr.materlal  fact  not  eovsred  by  the  forsBotag 
Qasillsas. 

Aaswaa  vo  riasr  QrB«nn<(.— 71  report  wAthcr  rararable,  IC  fsTorable  to 
tha  UNl  BaiHrBibar  and  17  aafaToraM*. 

Aanvi  >o  aaooa*  <4iiamoK— »4  report  no  danage,  M  Mtinats  daaiage 
by  aatB  at  I  M  to  U  a.  c,  aad  17  at  10  to  IS  p.  e.,  and  »  at  S3  I4p.  c. 

AsawSB  TO  TaiBO  ^amoa.— 48  aajr  Angnst  lat  and  lAth.  A  September 
lat-oaA  U>h,  H  feport  picking  proKraalag  well,  sad  M  progrwalnz  alooly. 

TO  Fooava  (tcaarioif.— 71  reply  giiatsf,  W  lata,  and  li  thi-  Mine. 
TO  Firra  QvsaTius.^-Oar  eotr> apoadeaM  la  IhemlddU-and  upper 


poalaaaf  Ih*  ItM*  report  that  the  vtrld  will  be  maeh  gn-aier  than  laai  jrrar ; 

av*ahlCha(IHp.r ■" — " 

Jmraaae  of  It  p,  c.  nMlnly  

aboftW  alias  from  the  eoaat,  but  the  damaga  to  the  erop  waa  moetlr  eoDfliied 


la  a 


tew  In  Mhar  pertiooa  nf  the  Hrate  hellev* 
caaaad  by  the  »lorm.    1  ho  atiira  axtendeA 


lolaa  Ibwar  coaoliea,  aoil  man; 
itiaiaswHI  be  Maa  than  at  Orst 


raphes  tiun  that  aecUoa  itaird  that  tha 


r  raphes 
Mtatred. 


446 


THE  CHUONICLE 


[November  6,  1876. 


E1.LI8ON  &  Co.'B  Continuation  of  Ott-Tkumplkr's  Sta- 
tistics.— We  U«ve  received  this  week  Messrs.  Ellison  &  Co.'s 
monthly  circular  containing  the  following  report  of  the  cotton 
trade  of  Europe  for  the  jrear  ending  October  1.  This  report  is  a 
continaaiion  of  M.  Ott-Trumpler's  annual  circular.  Mr.  Ellison, 
however,  states  that  in  adoptinj;  the  figures  for  the  previous  four 
seasons  he  has  added  thereto  the  direct  imports  into  Russia  and 
Spain. 

"ftie  following  is  a  statement  of  the  deliveries  of  cotton  from 
the  ports  of  Europe  during  the  season  Ist  October,  1874,  to  30th 
September,  187S  (In  1,000s  of  bales): 

Griat  Britain.  Amer.  K.Ind'n.'  Brazil.  Egypt.  Sundr'i.  Tot. 

Htock  In  the  port«  Oct.  1,  13T4 ««j  397       1S9         44         83  841 

Import  for  the  eeason 1,816       1,048       44;l       S73       111       3.b»l 

Total  anpply ,. .2.044 

Export  to  the  Continent 134 

Net  supply 1,910 

Btock  in  the  ports  Sept  SO,  1875.  . .    3Si 


1,44S 
436 


5sa 


817 

a 


144 

80 


4,&33 
S«4 


990 


646 
83 


SOS 
83 


114 

13 


3,868 
7-i9 


667       458       575       101       8,089 


Deliveries 1,583 

CONTINBNT. 

Stock  In  the  ports  Oct.  1,  rS74 SOJ 

Import  r  r  thj  sesson  direct  from 

the  conntries  of  pro  mciloD 833 

Szport  ttum  Great  Britain 134 

Total  supply -....1,159 

Btock  in  the  ports  SepL  SO,  1875  ...    178 

Deliveries 931 

The  imports  and  stocks  for  the  whole  of  Europe  for  the  past 
two  seasons  compare  as  follows  : 

East  Smyrna,  West 

Ihpobt:  American.  India.  Brazil.  Egypt.    Ac.    India.  Total. 


163 

495 
455 

1,1  !8 
165 


21 


115 
36 


172 
18 


63 
9 


81 
S 


41 


158 

30 


:32 

51 


433 

1,«69 
1)64 

2,756 
415 


947       154         78       181       3,341 


nominally  there  may  be  no  resort  to  "  short  time."  We  may  be 
sure,  therefore,  that  more  cotton  was  actually  consumed  in  1860 
than  in  1861,  and  in  1870-'71  than  in  1871-72 ;  but  it  is  impowible 
to  state  the  difference  in  figures.  There  was  no  otBcial  count  of 
spindles  after  1870  until  the  end  of  1874,  at  which  date  t):e  num- 
ber in  existence  was  found  to  be  37.51,5.000.  This  figure  would 
give  36,570,000  for  1873,  and  35,630,000  for  1872  :  assuming  the 
34,695,000  counted  at  the  end  of  1870  to  represent  the  average  in 
existence  in  1870-'71.  One  season  with  anotlier  it  is  not  unlikely 
that  the  rale  o(  consumption  was  about  34°45  lbs.  per  spindle — 
tbe  average  of  1870-'71  and  1871-'72 — except  the  season  just 
ended,  during  whicli  tbe  outturn  of  the  mills  has  been  reduced 
by  the  working  "f  tlie  New  Factory  Act  which  came  into  opera- 
tion on  the  1st  of  January,  <ind  by  the  stoppage  of  machinery 
occasioned  by  labor  disputes  at  Oldham,  Ashton.etc.  At  the  rate 
of  8415  lbs.  per  spindle,  the  consumption  in  1874-'75  would  have 
reached  1.293,3&1,000  lbf>.,  but  from  tbis  figure  must  be  deducted 
50,000  bales,  or  19..550,000  lbs  ,  for  diminished  consumption, owing 
to  the  stoppages  aforesaid,  and  5  per  cent.,  or  48.464,000  lbs.,  from 
tbe  weight  consumed  since  January  let,  for  reduced  spinning 
caused  by  the  operation  of  the  Factory  Act;,  leaving  1,224  877,0(K) 
lbs.  for  actual  consumption.  With  this  explanation  the  following 
table  will  be  understood: 


Actual  Weight 
Delivered. 

1873-73 l.iSO.MO.OOa 

18M-74 1.240,706,100 

1871-75 I,198,ft8i,000 

Average I,fc9,95»,000 


Snrp'ns, 

Deflclt, 

lbs. 

lbs. 

53,187,000 

19.I30,n('0 

, 

25.815,000 

Net  surplns. 

8,412,000 

1874-75 

2,639 

1,643 
1,421 

122 

4(i8 
559 

■'•ii 

658 
659 

101 

ire 

160 

■54 

395 
54 

86 

48 

12 

101 
116 

15 

28 
15 

13 

168 
171 

8 

36 
Ct 

26 

5,.%0 

18JS-74 

2,8a 

..  ..    186 

5.587 
'17l 

Stock,  Skpt.  80: 
1874-75 

600 

1,194 

1878-74 

430 

70 

1,274 

Decrease 

HI 

DELIVERIES   FOR   FIVE   SEASONS. 

The  followinsr  i^  a  comparative  statement  of  the  deliveries 
daring  the  past  five  seasons,  with  the  weight  in  pounds : 

OPJEAT  BRITAIN. 

Sun- 
Amer.  E.  India.  Brazil.  E°;ypt.  dries. 


1874-5....   l,r,o3  087  458  275  101 

1878-4  ....  1,701  660  413  285  HO 

1872-3  ....   1,«54  731  509  306  189 

1871-2.   ..  1,412  658  668  239  155 

1870-1....  1,9*3  558  379  itU  !19 

CONTINENT. 

Sun- 
Amer.  £.  Icdia.  Brazil.  Egypt,  dries. 


Average 
Total,   weight. 


3.089 
3.UJ 
3.:M5 
3,132 
3,222 


388 
t91 
384 
360 
392 


1874-6. 

1878-4.... 

1-7J-I.... 

1871-2.... 

1870-1.... 


931 

1,021 

890 

b;i 

1,118 


947 
874 
790 
72i 
753 


154 
187 
231 
293 
212 


78 
91 
101 
65 
96 


181 
196 
181 
221 
186 


Average 
Total,  weight. 


ALL  KUROFB. 

Snn- 
Amer.  E.  India.  Brazil.  Egypt,  dri  s. 
1874-5  ....  2,5' 9  16:4  612  353  2-'2 
1873-4....  2.7v2  l,r34  tOD  336  236 
1672-8.  ..  2,.544  1,527  740  407  310 
1811-2....  2.1 81  l,3.-4  966  .301  316 
1870-1  .  .     3,013        1,311        591        3)7        305 


2,341 
2,S69 
2.193 
1,9-<1 
2,365 


Total. 
5,4.30 
6,518 
5.5  !8 
5,113 
6,5B7 


876 
377 
966 
350 
380 

Average 
weight. 
an  8 
8S6-7 
37»-8 
3561 
S«-9 


Total  weight 

Ibe. 
1.198, 5:M.0On 
1,2IO,';06,000 
1.2SO.640,' 00 
1,127.520.000 
1,263,024,000 

Total  weight 
lbs. 
88\21f),000 
898,11.3.000 
802,633,01  0 
693,340,000 
89J,700,000 

Total  weight 

lb'. 
2,078.7  8,0OC 
2,1 33,8 '!),000 
2.0 -13, -78,0(10 
1.82.1,870.0  0 
2,161,721,000 


Estlm'd  Weight 
Consumed. 
1,227,453,000 
l,2>!l,->.')6,000 
1, ■24,377,1100 
1.237,2(2,000 

The  net  surplus  is  equal  to  21,000  bales  of  390  lbs.  each.  Spin- 
ners, therefore,  hold,  either  at  the  mills  or  in  Liverpool,  about 
31,000  bales  more  than  they  held  at  the  close  of  September,  1872, 
at  which  time  they  are  supposed  to  have  possessed  very  little,  if 
any,  more  than  an  ordinary  workinsr  stock. 

CONSUMPTION    OF  THE   CONTINtfNT. 

As  in  Great  Britain,  the  weight  of  cotton  delivered  to  spinners 
on  the  Continent  in  1870-71,  greatly  exceeded  the  weight  con- 
sumed. Thrt  surplus  probably  amounted  to  about  300,000  bales, 
or  114,000,000  lbs.  at  tbe  average  weight  of  the  season— 3S0  lbs. 
About  five  sixths  (2-)0,000  bales,  or  95,000,000  lbs.)  of  this  surplus 
were  used  in  1871-72,  and  the  remainder  (.50.000  bales,  or  19,000, 
000  lbs)  in  1872-73.  In  1873-74  the  p-iichases  of  spinners  were 
aeain  in  excess  of  their  current  requirements.  It  is  supposed 
ihit  tbis  surplus  has  been  consumed  during:  the  past  season,  and 
that  the  stocks  now  held  by  spinners  are  at)out  the  same  a;  two 
years  ago,  at  which  date  it  was  thought  that  the  cotton  at  the 
mills  represented  an  ordinary  working  stock.  In  this  case  the 
consumpiion  for  the  two  seasons  would  be  1,773,319,000,  or  ex- 
actly the  estiaiate  given  in  our  December  annual  for  1874  as  the 
actual  consumption  for  1874  and  probable  cod  sumption  for  1875 
— our  figures  bein  ■  865  and  908  million  pounds  respectively,  or  a 
total  of  1, 773,000,000 lbs.  We  have,  therefore, adopted  these  figures 
in  dividing  the  total  deliveries  between  the  two  seasons.  We  are 
informed,  however,  from  the  leading  manufacturing  centres  of 
the  Continent,  that  spinners  hold  much  more  cotton  on  forward 
delivery  contracts  than  th^y  held  twelve  months  since.  We  may, 
therefore,  expect  to  witness  much  larger  shipments  direct  from 
America  during  the  early  months  of  this  season  than  last. 

Sabjoinel  is  a  statement  of  the  actual  deliveries  and  estimated 
consumption  during  the  past  five  seasons  : 
Actual  Weight    Estlm'd  Weight 


The  average  weekly  deliveries,  in  bales,  were  as  follows  : 


Great  Britain:      1874-5. 

American ...  30,533 

East  Indian 12,820 

Other  kinds 16  U39 


1872-.3. 
31,8J8 
14.173 
18,154 


187 1 -J. 
27,154 
12,654 
20,423 


18T0-I. 

8;,ni9 

10,731 
14,211 


Total 

Continent  : 

American 

East  Indian 

..  .  69,4il4 

...   18.?65 
18,212 

60.557 

19,6.35 

16,80: 

9,116 

45,558 

61,135 

17,!15 
1.5,192 
9,866 

42.173 

60,231 

18,904 
18.961 
11,231 

33,(96 

61,961 

21,500 
14,481 
0  500 

Other  kinds 

7,94.' 

Total 

....  45,019 

45.481 

Delivered. 

1870-71 

898,700,0^0 

1871-72 

69;j,35i,  00 

1812-73 

802,6:38,009 

1S7.M4 

893,11.3,000 

1874-75  

8'«),216,000 

Average 

833.60  i,20|) 

Snrplas, 

lb*. 
114,000,000 


Deficit, 
lbs. 


Grand  total 101,423 


98,327 


106,115  106,:30e 

Tbe  average  weekly  deliveries,  in  bales,  for  the  three  seasons 
1878-75  and  the  two  seasons  1870-73  were  as  follows : 

. Three  season?.  1S72-5. , , Two  seasons,  1870-2. , 

Amer.  E.Iudia.  Oth'rs.  Total.  Amer.  E. India.  Oth'rs.  Total. 
Great  Brittln.. .,31,686  13.2:J0  16,44)  6I,3-i5  32,063  11.693  17,317  61,li9ri 
Continent 18,533    16,737      8,1175     44,250    17,202    14,221    10,3t)5     41.788 

Total 60,224    29,%7    25,424    105,615    49,270    25,914    27,682    102,334 

CONSUMPTION   OF  GREAT  BRITAIN. 

The  weight  of  cotton  actually  consumed  in  Great  Britain  in 
1870-71  was  considerably  less  than  the  weight  delivered  ;  but 
nearly  the  whole  of  the  surplus  on  bund  at  the  close  of  the  sea- 
son disappeared  in  1871-72,  and  we  shall  not  be  far  astray  if  we 
assume  that  the  total  consumption  fqr  the  two  seasons  was  about 
equal  to  the  aggregate  weight  delivered.  On  this  supposition  the 
weight  of  cotton  consumed  per  spindle  was  about  the  same  as  in 
the  two  years  immediately  preceding  the  commencement  of  the 
American  War.     This  is  shown  in  the  following  statement : 


t'onsnmed. 
784,700,1  CO 

7»8,350.000                95,000,0(0 

821,U:3'',000 19,000,000 

8W,000,000-  28,118,000              

908,349,000               28,118  000 

8*1,603,000  

REQUIREMENTS   FOR   1875-76. 

The  number  of  spindles  in  Great  Britain  at  the  close  of  1874 
was  37,515,000,  against  84,695.000  at  the  close  of  1870  ;  showing 
an  increase  ot  2,8i0,000  spindles  or  8'1  per  cent,  in  five  years. 
The  average  annual  increase  was  1  62  per  cent,  A  similar  addi' 
tlon  to  87,515,000  in  1875-76  would  give  607,000,  or  a  total  of 
38,122,000,  These  at  3445  lbs,  per  spindle  would  require  a  total 
supply  of  1,313,302,000  lbs,  of  cotton,  or,  deduciinif  5  per  cent. 
for  reduced  time  under  the  Factory  Act,  say  65,065,000  lbs,,  a  net 
supo'y  of  1,217,63 7,0o0  lbs.  With  a  healthy  demand  for  yarns 
and  goods,  at  least  half  of  the  diminution  occasioned  by  the  act 
would  be  recovered  by  increasing  ihe  speed  of  the  machinery.  In 
this  case  the  requirements  for  the  season  would  be  1,280,469,000  lbs. 
We  may  safely  say,  therefore,  that  Great  Britain  will  want  from 
1,250.000,000  to  1.280,000,000  lbs.,  or  an  average  of  1,205,000,000 
lb".,  which  at  388  lbs.  per  bale  would  be  equal  to  3,260,000  bales, 
or  62,700  bales  per  week. 

Assuming  that  the  ftocks  held  at  the.  mills  by  Continental 
spinners  are  no  larger  than  they  were  two  years  ago,  the  weight 
of  cotton  consumed  in  the  two  seasons  has  shown  an  average 
increase  of  about  5  per  cent  per  annum.  According  to  our  infor- 
mation the  requirements  for  1875-6  will  be  about  3  per  cent 
greater  than  the  consumption  in  1874-5,  or  about  937,000,000  lbs., 
against  908,000,000  lbs. 

For  all  Europe,  therefore,  the  requirements  for  1875-6  will  be 
about  as  follows : 


Deliveries,  lbs.  I 

I860 ..,,     I,0i2,452,800  I 

1861 l,0,i6,8H.).6.  0  I 

Average 1,041,673,200  i 

No.  of  spindles 30.887,000  I 

Lbs.  per  spindle 34  33  | 


Deliveries,  lbs, 

I870-n 1, -.63,024,010 

1871-72: 1.127,520,000 

Avenge 1,195,272,000 

No.  uf  Fpindles 34,695.U00 

Lbs.  per  spindle 34'45 


It  is  certain  that  more  cotton  per  spindle  is  spun  in  years  when 
tiade  is  active  thau  in  years  when  basiness  is  slow,  aliltougU 


Lbs. 

Great  Britain 1,2(16,000.000 

ConiineLt 9S7.00',000 


Average 

weight. 
3-8 
876 

382-8 


Bales, 

ToUl. 

8,260,000 

2,492,000 

5,752,000 


Per 

week. 
62,700 
47,900 

110,600 


Total 2,202.000,000 

At  389-8  lbs.  iier  bale  (the  uveraKC  of  the  estimated  im- 
port given  below)  I  he  total  weight  required  wonld 
represent 6,666,000  108,700 

PROSPECTS   OF    SUPPLY. 

In  previous  imports  we  have  estimated  the  probable  yield  ot  the 
iaeoiuing  Ametioan  crop  at  ttom  8,900.000  to  4,100,000  bales,  with 


N  vemb3r  6,  1876.) 


THE   CHRONICLE' 


447 


the  poMiblUtT  of  4^90.000  btXta  in  the  erent  of  an  cpon  winter,  as 
in  1670-71.  Tlis  leadioff  f*'''="1»"  roapecting  the  p»»l  three 
CTopa  are  aa  follows : 


Ana  Sown, 

•CTf». 

•.«m-n &«!.><<» 

t«l-T4 M»**0 

l»74-:» 


8,9at,(igo 


S^ 

■as?- 

Cob*'  ptlon 
t«le>. 

3.*«.M» 

t.l»OM 

l.tlS.OOO 

4.ini.()M 

*.84l.0au 

l.SIS,0CO 

X8S2.(IOO 

«.«».0i« 

1,190.000 

S.(n7,lM0 


«,18S,000 


i.aa&ooo 


The  area  sown  this  aaamD  ia  alMut  8,7.55,000  acre*,  or  333,000 
acres  (repreaentinjr  about  100.000  bales)  less  than  the  averasre  of 
the  prvTioos  three  seasons  ;  the  seison  does  not  promise  to  differ 
materially  from  the  average  of  1872-75  ;  the  Tield  is  not  likely. 
therefore,  to  show  any  Tery  important  variation  Irom  4,000,OUO 
bale*  Whatever  the  size  nf  the  crop  may  be,  American  spinners 
will  require  aboat  1;WO,000  bales.  This  would  It-ave  3,700.000 
bales  for  Europe  out  of  a  toul  of  4.000,000.  or  3,900,000  out  nf 
a  total  of  4,100.UOO.  Ou  the  basis  of  these  fiifurea  a  reasonable 
raiioiafe  of  the  import  into  Europe  for  the  season  would  be 
8,790,000  bale*.  The  average  import  from  India  during  the  put  two 
seasons  has  fallen  short  of  1,500.000  bales,  and  this  is  the  bighext 
flgure  we  feel  ju»tiiled  in  adopting  for  1875-76  ;  with  a  continu- 
anee  of  the  present  scale  of  prices  i'  is  more  likely  than  not  that  our 
estimate  will  not  be  reached.  The  Braxils  will  probably  send  iis 
DO  more  than  last  year — say  300.000  bales  ;  bat  the  supply  from 
Egypt  mav  reach  400,000  bales.  Smyrna,  the  West  Indirx,  &\, 
will  probably  fornisb  about  the  aame  as  In  1874-75.  The  import 
into  Europe  will,  therefore,  eomuare  as  Follows  with  the  previnusi 
two  seasoof.the  weight  for  the  coming  season  being  estimated  oo 
ths  bsais  of  last  yssr'a  averages  : 

i»n-74 

Bale*. 
MH.00O 
l,4Sl,iai 

tSS.non 

ii«.oai 

171.000 
Total M>a.«M       Ma       HUMaMM       MHLM*       &.MT^ 


Balsa.  At.  wetakt. 

PMmds. 

Bslss. 

AoHrlcaa 

%,-mm 

tm 

Mn.MM«* 

tMkm 

bMtladlaa 

umom 

MO 

•fmm 

LMUMO 

BnatHaa  

SMOM 

IB 

mjmjm 

HiLiM 

■CTPtiaa 

.   ca,a« 

n4 

MI,M» 

Ranaa.  Me 

ntfita 

SM 

M.»4La« 

WtMO 

W«allMtlac.*e... 

mjtm 

MB 

mjm 

1*371. 

U*:.aoo 

MT  i 

ikMiLr«.aao 

),»i.nao 
»«  I 

MO-ooo 


On  the  basis  of  th«  avarsffs  wsiirht  of  sash  sssaoa,  tks  imporU 
and  stocks  for  the  three  seasnns  compare  as  follows : 

Impoft,  hales.... ...  ••••.•.....*•  \4MM0  VMttAM 

Avwase  welMi. ,,,,,.,. ,..,.».,..  Hv*l  ^M  s 

Tatal  wsiafeir:. t^mjt*tjm       U«,tMkMi 

8i«>ck.  IM  Octobw,  bales M*i#<l  >'1MM 

ATwarswtlsht tW  t  Ml't 

Toul  wslakt  

Atfngat*  mrtfkt  if  Im^ait 

Sfc*    .  ^^^  ~  ^7^ ..   ..  ijM  Mi.M>     vm. 

Afanvflsie  la  balM M>HMn  MNjn 

Thea#rregst«sappiy  ls09.4M,O0G  lbs.  siors  than  laal  season, 
bat  27,flM.000  Uu  than  !o  1878-4.  The  average  eusss  is  only 
ISjBflOjOUO  lbs.,  or  aboat  85,000  bales.  . 

LivBitrooL,  N.iv.  5—4  P.U.— Br  Cabui  from  I^itkbpool.— 
The  market  has  ruled  qalol  to-day.  Hales  of  the  day  were  10.000 
bales,  of  which  3,0CO  bales  were  for  export  and  speculation. 
(M  tody's  sales  OMO  bales  were  Amerieaa.  The  weekly  move- 
■aal  Is  giTSB  as  lollows : 

Oct.  IS.  Oct  H.       Oct « 

Betas  ef  Ike  week batsa.  WUW 


I 


tt  ■klskeaportsfstook.... 
of  a  kick  sesceiators  leek. . 


BWWI  aUn 


Tstdsls(k{225aia<"":::t  *"'**         '''^'** 


of  wfcick 


of  Ike 


i  •ctaaL..  t 
1  Beila'A .  f 


•l/M 


XST.  5. 

AMD 
T.00n 

«,saa 


AaeoataBaal 

of  wkkkAsucttaa.. 


M.MB 
KM! 
lAMS 


MTSS* 


Tke  ro«awla«  taMa  will  sbow  Ike 

Maa.        Taas.  WedL 

t7         ..•7  ..•7         ..«(U 

7lt       ..#7X  ..•7K      ..AIW 


AMt.         Batar. 

lfM.O(rte..   .ma 

*n  OHssBS.    .fflVi 


8*T«aD<T — Oct.-ITeT. 


lA-M 


\     n.0M 

7t.aac 
M.ao« 
ia,oM 
tiAim 
H.one 

fetlkewMk: 

m. 


MIL  If  rMV«T«d,  •  I'S-ISd. 
Der.Waa.  talpnsal  fian  Bar. 

mislrad,  VM. 
llram 


•hlpMBt  rrea  Bst.  or  Cbaa.,  Lew  MM.  slaasr,  bj 
Low  MM.  dsoss^  ky  sail,  II 


Oct.  '(I-Il*er7  fmn  ft«v.  or  Cha*.,  Lew  MM.  daosa,  BlK. 
J*o.  -P'b.  4«llT«ry  friNB  Itar  at  Ckss..  Uiw  MM.  tIsaM.  •  U>IM. 
MeiiDaT  — l*s.-r«b  •kipsMai  from  Bar.  or  Cbas..  Lew  MM  dasaa,  br  tsll. 


\  by  nil,  Ir 
by  sell.  If 


if  nqalred.  •  IV 

in.  S^lvsrv  tnm  Ssv.  or  rksji.  Ixiw  MM.  daase,  (KA 
.5ov.-Dsc  riUfSMal  froa  5««  Orisaaa,  Low  MM.    ' 

r>^li«d,M. 
Dscl-Jm.  •hlpsMat  from  Bsv.  or  Obss..  Low  Mid. 

m|airs4.  »Md. 
Tvavav.— Xot.-Dm.  sklpassal  from  tter.  or  Cba*.,  low  MM.  ctsase,  br  lall. 

Mfe^abeA  SU-IM. 
Daa-Jaa.  sklaassal  IMbb  Bar.  er  Cbas.,  Low  MM.  sIsBia,  by  tall.  If 

rs^alrvl  %jtL 
How.  Mhwrr  Ina  S4V.  or  Cbas..  Low  MM.  daa««^  •  »!•<. 
Dec-Jak.  sblBSBsat  iMa  Bsv.  or  Caas.,  Low  MM.  sMasa,  by  sail.  If  n 

Jaa-fWk,  lilssiwt  fMas  Bav.  or  Cbas..  LowMICdaass^  by  •ail.  If 

MuSLABrflMlvay  fraa  Bav.  or  Cbas  .  Low  MIL  claasa,  md. 
WaawasBAT.— MOT.-Psa  sMyial  from  Ssv.  or  Cbas.,  t  IV4M. 
Dm  -Jaa.  AsHmry  tnm  Bav.  or  Cbas..  r/>w  Mid  eUow.  (Kd. 
Hot.  daUfary  fMsi  Bsv.arOba*..  Low  MM  c'saae.  6I(A. 
l'eb..Martk  dsHvaiy  Itea  Bav.  or  Ckas  ,  Low  Mid    dan**,  <  ir««l  tt 

t  l>-'A«. 
TarasDitr.— Xov.-Dse.  sklimsal  Ham  Bav.  ot  Ckas,  Low  Mid.  clanse.  hr 

.••1.  l»  faqalred.  m! 
r«k.-Maffk  >klaaMBt  fraa  Rav.  or  Ckas ,  LowMMdaass,  ky  tall.  If 

ra«Bll«d.«NC 
Mov.  AsHvary  fnsa  Bav.  or  Ckas..  Low  MIA  daasa,  (Md. 
OshMsf.  tklsaiuBt  fraa  Bav.  or  Ctas..  Low  M)A  daasa.  (M. 
im^^ik  AtOrsry  frost  Bar.  sr  Ckaa,  Low  MIA  ctaaM,  ajta. 


Fam4T.— NOT.-Dee.  shipment  from  Sar.  or  Chu.,  Low  Mid.  danie,  by  tail.  If 

required.  SVU.  bid. 
Peb. -March  tbipment  from  Sar.  or  Cbar..  Low  Mid.  dame,  by  tall,  tt 

requited,  t^d. 
March-Aprtl  deiirery  from  Sar.  or  Chat.,  Low  Mid.  daati.  6  13- ltd. 
Jan.-Feb.  delivery  from  Stv.  or  Chu*..  Low  Mid.  tUnK,  6J<rt. 
Feb.-Maich  delivery  from  Bav.  or  Cbas.,  Low  Mid.  cUaae,  6!<d.  bid. 

Thk  Exports  op  Cotton  from  New  York,  this  week,  show  an 
iii«rea.se,  as  compared  with  last  week,  the  total  renchlng  17,608 
hales,  against  10,4'i9  l>ales  last  week.  Below  we  givH  our  usnnl 
taUe  showing  the  exports  of  cotton  from  New  York,  and  their 
dlnetioD,  for  each  of  the  last  four  weeks:  also  the  total  exports 
and  direction  since  Sept.  1,  1875;  and  ia  the  last  column  tke  total 
for  the  same  period  of  the  previous  year. 

•xporUolOo(toa(kalea)n-OBaNeir  Yorlc  aineoSept.I.  18TS 


• 

wssa  sironre 

Total 

to 
date. 

Same 
period 

Oct 
IA 

M.M1 

Oct 

Oct 

«7. 

Nov. 
A 

preT>ai 
year. 

Uwpool 

7,0« 

ASI7 

ii,a» 

1,444 

6S.S71 
1,444 

79,1(9 

UtkarBritUkPottt 

ratal  to  Gt.  Brttata 

Oarra 

10,«I 

T,0« 
MS 

8,8« 

1«,77S 
M3 

e9,715 
MS 

79,1«9 
l,MI 

Othar  Preneb  ports 

1«(al  Prsaeh 

i.a» 

I.tIO 
W7 

MS 

Lsn 
no 

I,W 

i,m 

TM 
1,'.M 

nt 

LOST 
7« 

asa 

7,0M 
A7«l 

t,y<i 

I,SA1 

Brsaaaaad  BaaoTer 

Baabarg 

Olbtr  ports 

8,9ta 
so 

Ta«al  ta  I*,  ■■rape. 

aMla,OiK)rtoAQlbraltar*r 

AM 

tfitt 

'ho 

i,6n 

I>,TM 

nil' 

»,It« 

10 

VMal  Brala,  *e. 

I4,0BO  1  10,MI 

ISO 

lOLMO 

.... 

8S0 

10 

•raa«  Ta'tal 

17.M8 

8a,7U 

IP,MS 

The  following  are  the  raeeipts  of  ootton  at  New  York,  Baston> 
PkUadelphiaand  Baltimore  for  the  last  week,  and  since  Sept.  1,'75: 


iSiMa. 
nhCareltaa 
Caiollaa 


nPort* 


MatlUsysai 
VsbrilMlysar. 


■BW  Teas. 


Tkta      Blaee 


«-, 


Tkia 


•1,470 

AtiT]   njm^ 
litio 

ASM^     ».tM' 


AOI!l 

IA««S 

i.tooi 

AlUI 


lAut 
(0.114 
4.100 
17.MS 


BiBCa 
Beptl. 


lAMf    10i.W7 
"ri^tlt.    I07.1M 


1,144 

Aon 
I,ltt 


A«U 


AMD 


lU* 


»,TM 
lAlSt 

"m,:47 


n.iiat 


mLansLP'u    SALnaoaa, 


Tkis 


I,«I 


i.ni 


BlBCS 
Baptl. 


A« 


Asn 


TJ3I 


1A4M 


Tblt 
week. 


I,I4S 
AM 


A017 
A44S 


Since 
Septl. 


1,8» 


4.B7A 
AUt 

lA74t 

lilSA 


M,«« 
tijSB 


lo  Mbwb. — ^Tbo  asports  of  ootloa  from  the  United 
iIm  past  wsek,  as  per  liUtt  mail  rBtoms.  have  reached 
lOB.nO  bales.  So  far  as  the  Southern  ports  are  concerned,  these 
•!•  the  same  exports  reported  1^  telegraph,  and  piihlinhed  In 
Taa  Cmbokiclb  hut  Friday.  With  regard  to  New  York,  we 
of  all  V  


iadade  the  manifeau 
ainhl  of  thia  week 


vessels  cleared  up  to  Wednesday 


'  alsaaisn  Dakota, 


Raw  Teas— To  Uvtrpool,  psr 

AlMria.  WO  ..  Orlik.    l,ttS  ...City 
•raiiLAm....por  tklpWa.  Tsptebit 

9»  Oerfc.  far  otdtn,  pit  bairk  Tta'oria.  I. 

TsBavr. .-.-  ~~ 

To" 


M,  A 
of  M 


1,1 


untreil. 


ToUl  balsa, 
il.  ISO 

,51 B 


per  baik  Pam- 


Tllit  de  Part*,  kii 

Khiiihl,on , 

L  7«    

P.Waad,  l.m 

BwHiatlaad.  MO 

0<4oako.l,MI 

Warrior, 


MbW  OoLatm-To  Uvarponl.  par  sl«sa«fa  Warrior,   AAtS....Paia, 

A>«l  ..  MW«lailppl,AM..u 

Va  OflBMby  (Sac.),  par  iklps  D.  W.  Cbapoaa.  AMO. . . .  KaU  Oavsn- 
■srt,Atri 7JIB 


::  «•» 

11.181 


4WMhrr5;;srr:r.-.*-."*....'!r'.^!".r..':'.'':.-..r  ,ar. 


1%  Bfsawa.  per  sitsaisr"  tfaaaover.  «.M. . AWS 

lb Bsraieasrpsr  tlsstasr  rif*  Qaaaa,  t,T1S....ptr  bark  Til 

KovlraihrAljSs  ... *jn* 

TaCamnn*.  par  bark  B1nlM.«M *W 

Joa— To  LlTwpaoi.  p«  ihip  City  of  Brooklyn,  »,1W AIM 

fTBiSiiaiiia  -To  UveriKxil.  per  tieaioer  Onrtabay.  LSM  Uplaad  and  IB 

Bsaltaad I)'07 

8  Ram.  DOT  tklp  Rlckard  III  .  4.on  Uplaad  and  S7  Baa  Island. . .  4,101 
Anlwarp.  POT  bark  Raxla.  1,400  UnUnd :.M0 
Rsval.  pOTStsaatOT  Barila,4jnnplaad 4,anB 

BaTaan/in-To  Uvtrpool.  pOTtkIp  U«Msn  Rala.  AM*  Uplaad. ... ......    Ak4S 

T.ir.jraor  halaoalb  for  ordtrt.  per  bark  OInmbnt.  AH*  Upland.    All* 

'' '     <Tr«.  POT  bark  JobnL.  Dlmmock.  3.411  Upland 

T.i  I'.ieaoa,  POT  bark  Lolt.  ASM  Upland —  ■.■••:• 

To  AoMtsrtai.  pOT  bark  Bmtbsrt  and  SUtafs.  AtOO  Upland. 
IWKbval.  pOTttaaatrKnlcblTsaapltr.  4.1S0  Upland.  ..pOT  barfca 

PaiOT  IhSiaad.  1.900  UpUBd...bnllle.  1.7in  Upland  .... 
1W  GMwa,  BOT  tdwooOT  Prascoit  Haaelttne,  l.im  Upland    . . 

Tna»- Wsek  sadtag  Oct.  IS— To  Bremen,  per  bark  Almt,  970 

Week  aodlaiOer  t»-To  Uvarpod,  per  bark  Bdmond  Rlchtrdtoa, 


Tolltrre.  per  bark  Memory.  MS 

WuanaToH-ToLlTcrpoiil.  POT  bark  Nancy  itoli,  1.900 

kMlhaa— To  Llvrrpooi.  per  tklp  B.  D.  Vtiealf,  4,440 

..J— To  Liverpool,  per  ttaamer  Nova  Sootian,  1,1S9  and  GO  bags 

•To  Liverpool.  POT  tteaoOT  Atlas,  780 

To  Uvtrpool,  pOT  ttssiBOT  PsBBsylTsata,  780 


TMal. 


a.4M 

A9M 
A900 

7,700 

1,000 

9)0 

ro 
••> 

t,HO 
A4I0 

1,109 
780 
180 


448 


THE   CHRONICLE. 


[N  vorab-r  6,  1875. 


Tbe  >iriiciiUra  >t  luoae  8hipiuea[B,arraa};ed  in  our  uitual  form 
are  as  follows: 

Grims-  Bre-  Amster-  Barcc- 

by.    Cork.  Havre,  men.  dam.  Reral.  lona. 
1,414       202    1,0M 


Liver- 
pool. 
:i,S39 

ii.iai 

5,196 
I.WT 
8,M2 

],»« 

4,440 

1,209 

760 

Philadelphia 7S0 


New  York 
New  Orl  :i   • 
Mobih- 
Charlo't  ii 
Savtun.ili     . 

Texas  

Wilmlnst  II. 
Nor.  oik 
Baltimore  . . 
Boston 


r.asa 


lO.iSii    3,«83 


4,574 


2,112 


4.103 

4,805 

3,411 

S,95C    3,S(I0    1,760 

UlU 

ST.O      

Total. 

n.ms 

3<>,iil3 

6,15« 

li.iU 

22.H81 

W,6.->9 

],i(iO 

4,440 

1,209 

780 

730 


ToUI 4»,375    7,368    3,556  18,840    7,940    2,300  12,565    4,674     103,670 

Incliiilrd  in  the  above  totals  are  from  New  York,  732  bales  to  Hambiirfr, 
1,171  Iml' s  to  Rotterdam,  ,S50  bales  to  Antwerp,  and  1,341  bales  to  Russia  ; 
from  New  Orleans  U60  bnles  to  Corunna,  Spain  ;  from  Charleston  1,400  Upland 
to  Antwerp  ;  from  i^avannah,  1,000  bales  to  Genoa. 

Below  we  give  all  news  received  to  date  of  disasters,  &c.,  to 
vessels  carrying  cotton  from  United  States  ports  : 
Lao,  str,.  Daniels,  for  New  York,  while    golne  down  Savannah  River,  Oct.  26, 
j;roanded  near  Oyster  Bed  Beacon.     She  was  lightened  of  SCO  bales 
cotton,  and  at  hi^h  water  she  was  floated  and  returned  to  Savannah 
same «  ve  ling.    A  survey  was  held,  and  no  apparent  damage  found.    She 
was  ordered  to  re*load  cargo  and  proceed. 
Saoa  (Nor.),  bark,  from  New  Orleans  for  vlalaga,  before  reported  at  Gibraltar 
in  distress,  had  completed  repairs  Oct.  11. 

UottoQ  f  reigUts  the  past  week  liave  bean  as  follows : 

-Liverpool. ,  . — Havre. — ,   . Bremen. ,/— Hamburg.— . 

"  '■         " ~  Sail.    Steam.    Sull. 

c.  c.  c. 

1  corap.  .. 
...  1  comp.  .. 
1  comp.  .. 
1  comp.  .. 
1  comp.  . . 
1  comp.     .. 


ETlonr,  bbls. 
C.  meal.  "  . 
VTheat,  baa. 
Oom,  "  . 
8t«,  " 
BatUr.  "  . 
Oau  ..."  . 


-BKOClrTSAT  MBW  TOBK 

, 1875. .        Since 

Fortlie     Since         Jan. 
week.      Jan.  1.       1,  !974. 

8.)..!t.5    3,0)5,081     8.3'1«,.S.W 

809        10S.;6B        l.^i,780 

887  073  ?fl,357.072  87.0.17,8';0 

268,97l>  «),3)8,!I13  4(i,-6a,Ji; 

86,512  l!)0,3)i  5:2,991 
312.465  2,91 11,6117  1,;39,075 
241,785    6,461,115    9,320,719 


-izroBTS  raoH  Niw  tobk. — -< 


1875. ,     . J874. 

For  the     Since  For  the      Since 

week.     Jan.l.  week."    Jan.  1. 

61,610     l,.'i72.299  40,«to     :,342,!<9» 

5.625        154,260  2,3'.'3        15J,I60 

75.3,975  22,33  ',660  613,254  31.80:,49« 

S9!,«61  11,648,460  311,31.1  17,816,<80 

200        154.no  ....        581,537 

110  ...            3,000 

2,000       116,637  2,630       104,97o 

The  following  tables  show  the  Qrain  in  sight  and   the  move- 
ment of  BreadstufTs  to  the  latest  mail  dates. 

aSCBIPTS   AT    LAKE   AND  RIVBH  PORTS   FOR  TnB   WBBK   BNDIMa 
OCT.   30,  187.5,  AND   FROM   AUGUST    1   TO   OCT.  30  : 


Steam. 

Sail. 

Steam. 

Hail. 

Steam. 

d. 

d. 

c. 

c. 

c. 

Saturday ©7-16 

5-16 

■  ■®H 

1  comp. 

Monday @7-16 

5-16 

■  ■&'A 

1  comp. 

Tnes'liy @7-16 

5-16 

■  MH 

1  comp. 

W^;diu«aay  ..©7-16 

6-16 

■  ■@y. 

1  comp. 

riiurid^y..   .  ©7-16 

6-16 

■  ■&H 

1  comp. 

Friday     ©7-18 

5  16 

■  ■(&% 

1  comp. 

Harket  steady. 

Flour, 
bbs. 
At—  (196  lbs.) 

Chicago..  .      ....       48,017 

Uilwankee 60.198 

Toledo 2,127 

Detroit  ia.725 

Cloveland •2,893 

St.  Louis 29,:)26 

Peoria 2,100 

Dnlcth •3,250 


Barley,        K}C, 

bnsh.        bnsh. 

(48  lbs.)  (66  lbs.) 


IM.492 
87,562 

34Vm 
4V60 
78.6.00 
40,200 


.39,023 
7,180 
41S 

s'Sob 

16,627 
15,120 


Total 152,236 

E*reviou8  week 144,207 

Oorresp'ng week,'74 .  '45.927 

"           '73.  147,700 

"          '72.  15l,in8 

"          "ll  l.'!6,(i54 

'70  l'«.i>45 


2,803,073    1,074.407    1,010,081      347,65"  80,409 

2,721..105    1.1BI,S12       93l,-.'6:)     28.'i,0S'  81,102 

1.128,682       739,760       SS'.i  201     352.106  45.717 

2,051,3.')7     1,099,963        720,821      295.916  43,972 

1,^^8,J72       724  Oil        5H,.'>7n     352,933  44,414 

l,06i,ll70    l,0:W,8ii2       548,4:3      157,7ii5  60,246 

1,M9,2%       .31S.971        290,801      131,';;10  42,687 

Total  Ang.  1  todate  .1,821.982  2.i,8i8.013  14,S37.5!6  11,24.1,111  2,95 '.iog  517,3i« 

same  time  1874 1.554,  i37  -26,124,301   I3,l)8'i,2ii4     9,421,315  2.674,115  1   •^,694 

Same  time  1873 l,Blo,877  30,9.11,124  22,8.50..i(i3    9.137,!8r  3,3S;!,5.3«  7„    418 

Sametime  1872 1,577,588  23,324,266  23,n.J,0O<)    8,833,725  4,571,783  '.48,59 

•  Estimated. 

Shipments  of  Flodk  and  Grain  from  lake  ports  for  f  on   ast 
four  weeks  and  from  Jan,  1  to  Oct.  30,  inclusive,  for  four  /ea  •  : 


BREADSTUFFS. 

Friday,  P.  M..  November  5,  isiS 
The  iiour  market  opened  the  week  dull  and  remained  so  until 
Thursday,  when,  with  a  decline  of  5(S)10c.  per   bbl. ,  there  was  a 
large  business  for  expert,  in  the  range  of  $5  65@.)  80  for  common 
shipping  extras.  State  and   Western.     The   medium   and   better 
grades  of  fiour  were  also  dull,  and  prices  have  receded  in  most 
cases.     Receipts  have   been   large   here   and  at  the  West;   this, 
together  with  a  decline  iu  the  gold  premium  and  a  decline  in 
wheat,  have  exerted  a  depressing  influence.     To-daj,  the  market 
was  generally  depressed,  with  a  fair  business  in  lines  of    low 
extras  for  shipment. 

Wheat   showed   a   downward  tendency,  until  yesterday,  when 
there  were  large  transactions    in    Milwaukee  Spring  at  $1  31   for 
No.  3  and  |1  36  for  No.  1.     There  has  been  an  export  movement 
this  week  in  Canada  wheat,  in  bond,   at  $1  85(ffi|l  38   for  Club, 
and  $1  40(ffl|l  41    for   white.     Choice   old  ambers  have  brought 
t  xtrtme  prices.     Receipts  of  wheat  have  been  large  at  all  points, 
and   speculative   confidence   has  been  impaired  by  the  decline  in 
gold  tnd  the  tightening  money  market.     To  day,  the  market  was 
dull,  d'oopingand  unsettled. 

Indian  corn  has  been  fairly  active,  and,  though  fluctuating  some- 
what, has  on  the  whole  maintained  a  firm  position.     There  have 
been  small  receipts  of  new  Southern  white,  the  first  of  the  season. 
Receipts  of  Western  corn  have  been  liberal  at  all  points,  but  it  is 
believe.!  that  much  of  the  new  crop  has  not  been  well  ripened, 
and  sound  lots  are  held  with  some  speculative  confidence.    To  day 
there  was  a  steady  market,  with  a  moderate  business.     The  first 
arrivals  of  new  mixed  from  Ohio  were  exhibited. 

Rye  has  been  dull,  with  triflinfr  sales  at  inside   prices,    but  the 
close  is  quite  firm.     Barley  shows  nc  recovery  from  the  depression 
noted  in  our  last,  and  barley  malt  is  very  unsettled.     Canada  Peas 
have  been  quiet  and  unchanged. 

Oats  have  been  variable.     The  speculation  in  them,   by  which 
large  quantities  have  been  sent  to  store,  has  not  as  yet    produced 
the  expected  result  in  advancing  prices,  and  the  trade  is  supplied 
by  lots  received  by  rail.     To-day,  thtre  were  free  sales  of  State  at 
454c   for  mixed  and  47@49c.  for  white, 
rue  following  are  closing  quotations  : 

FLO0B.  I  Obain 

No.2     ....        ..«  bbl.  J4  10®  4  65    Wheat-No.35pring,  bush.fl  Ha  1  21 

Superfine  State  &  West-  .     .■Jo.  2  spring. . . . . .  i  iim  ii- 


ITIour, 
hhip 

Oet.80,'75 147.023 

Oct.  43, -76 150.472 

Oct.  16, '75 147.4iS 

Oct.    9,  '7.5 H.^^>90 


■Vheai,        OiiriJ,       OacB,      Barl'j,        Rye 

'lush.         hash.       bnsh.       bn?  i.  npb 

2.2)2,450        886,-65        637.437        90,  .57  2     56 

2,591,355        773.079        B85.4.30        61,388  4     52 

2,29;  987        768.715        745.259      14T  656  3V,.!0 

1,99^,381     1,069.884       S'*'i,00!      188,189  69,73 

Jan.  1  todate 4.31.5,817  4-;,137,12ii  37  707,8-l4  16,071,163  1.930.893  723,87 

Same  time  1874 4.84:'„741  ^1,815,9.57  40,6IM,lll  15,l01.6l5  2,311,166  J,85'S,14 

Same  time  1873 5,313.661  4'<,4.50,.i97  45,7:0,357  19.51S,280  3,32;t,347  1.220,73 

Simetime  1872 .3,775,710  25,983,197  62,934,«42  16,910,323  4,463,113  1,667,181 

RBCBIPTS   OF    FLOUK    AND  aUAlN    AT  SB.VBOARD    PORTS    FOR  TUB 
WBBK  BKDING  OCT.  30,  1875,  AND  FROM  JAN.  1  TO  OCT.  30  : 


Flour, 

At-  bblB. 

KewYork  102,171 

Boston 45,507 

Portland 10,103 

Montreal 32.:.59 

Philadelphia 20,380 

Baltimore 2t>.199 

New  Orleans  6,818 


Wheat, 
bush. 
1,184,658 
14,476 

298,689 

248.200 

93,000 


Corn, 

bnsh. 

402 .879 
84,118 
60,000 
18.202 

107,600 
64,500 
7,857 


Oats, 
bnsh. 

42i,-358 

56.960 

3.0(10 

3.976 

ia5,70O 

28,800 

9,720 


Barley, 
hush. 

356.473 

31.1599 

6.500 

6.r.00 

102,000 


Rye, 

bush. 

45.212 

1,227 

400 

1,000 


Total 244,930 

Previous  week 280,884 

Cor.  week '74 281.327 


f.338,918 
1,681,212 
1,781,420 


735.1.56 
804.810 
673,851 


631.414 
830,267 
716,589 


Total  .Ian.  1  to  date. 7  743,206  44,081,726  49.594,419  16,325,143 

3ame  time  1874 8.889,84-2  54.7,5(1,808  16.238,927  17,390,498 

Same  time  1873  7,863.838  40,'X)0,8.0  42,887,199  15.529,.5ii9 

Same  time  1572 6,099,313  18,293,654  64,8:32,191  19,46U,8;9 


512,172 

594,685 

313.364 

2,579,157 

1,931.062 


47,8X9 
6,300 

11,525 
340,805 
797,986 


2,29.1,433  1,027,720 
3,180,5.13     473,139 


The  VisiBLB  SdppIiJ  of  Urain,  including  the  stocks  in 
granary  at  cl.o  principal  points  of  accumulation  at  lake  and 
seaboard  ports,  in  transit  on  the  lakes,  the  New  York  canals  and 
by  rail,  Oct.  30,  1875  : 

Wheat, 
bush. 

(n  store  at  New  York 5,817,389 

[n  store  at  Albany    SS.l'iO 

(n  store  at  Bnffilo 411,124 

[n  store  at  Chicago^ I,2i6,.365 

In  store  at  Milwaukee 716,327 

In  store  at  Oululh 67,v73 

In  store  at  Toledo 776.165 

tn  store  at  Detroit  .   .      372,198 

(n  store  at  <  >swego* 1 10,000 

in  store  at  St.  Louis    611,210 

in  store  at  Peoria 15  440 

In  store  at  Boston 29,919 

In  store  at  Toronto    261,376 


Com, 

bush. 

1,479  617 

10,000 
162,721 
688,656 

21,461 


Oats, 
bnsh. 

70.5,027 
101.500 
136.412 
32';.303 
•3:J,297 


Barley, 
bnsh. 
19-2,il6 

iie.aio 

114  314 
154,045 

1:18,614 


ern 5  OOa  5  40  I 

Bxtra  State,  &c 5  TO©  6  90  i 

Western   Spring   Wheat  | 


extras 6  60(3  5  95  |      White "     i  <i7.^ 

do  XX  and  XXX 6  003  7  25  !  Corn-Western  mixed '.'. '.        -'- 


do  winter  wheat  X  and 
XX 5  65a  8  25 

City  shipping  exfas..  ..     6  O0.a  6  40 

City  trade  and  family 
brands. 

Sontbern  bakers' and  fa- 
mily orands      

Son  thern  shlpp'g  extras. . 

Rye  flour,  superfine 

Corn  meal — Western,  &c. 

Oorn  meal— Br" wine.  Ac. 
Th 


No.I  spring ..     1  34®  I  „„ 

Red  Western ]  o8@  1  25 

Amber  do i  30,^  j  40 

62 

76 
SO 
78 
81 
90 


74t{i 
77® 
76a 
763 
30,3 


lows  ; 


White  Western 

Yellow  Western 

Southern,  white 

I  Bye. 

6  503  8  001  Oats— Black 

I     Mixed : 

7  25(3  8  25  I      White    

6  15®  7  (10  !  Barley— Western.: 

6  00.3  6  50|     Canada  West i  lOta  1  22 

3  40,^3  75       State 90®  1  lo 

400(3...    I  Peas— Canada 1  00®  1  25 

movement  in  breadstnffs  at  this  market  ha»  been  as  fol- 


In  store  at  Montreal,. 
In  store  at  Philadelphia^. 

In  store  at  Bill ti more 

Lake  shipments 

Rail  shipments     

On  New  York  canals 

Total 

Oct.  23.  1876 

Oct.  31,  1874 

*  Estimated. 


311,146 

..      240.000 

50.588 

..  1,85:1.495 

898.'  55 
..  l,921,t.81 

.12,319  6''6 
.11.488,402 
..  10,246, 10« 


253,844 
1,658 
45,000 
128,122 
185  670 
83,016 
-iOO 
40.993 
220,000 
129.171 
608,424 
273  441 
303.821 

4..591.525 
5  6  6,909 
4.634,619 


269.672 

40,0.i7 

25.000 

205  8U 

131.599 

206.111 

4,424 

3.777 

80.000 

60,000 

234.812 

423,625 

191.966 

3,191,436 
,3.140.085 
2.869,154 


31.010 

26.200 

SO.fiOO 

100,7  S 

1.994 

26  926 

267.147 

ti.998 

16.100 

753 

89,904 

528,615 

2.045,854 
1,474.6  :0 
1,913,407 


Rye, 

bush. 

61  .548 

7.400 

812 

25,766 

3)219 


2.600 

34  MIS 

79,014 

179 

1,522 


5.000 
2,500 

23,567 
33.293 

270.885 
821.919 
132,771 


ta 


V3a  DiY  aaoD3  traos 

Fbidat,  p.  M.,  Nov.  5.  1876. 
There  has  been  less  activity  in  the  goods  market  the  past  week, 
owing  mainly  to  the  excitement  attendant  upon  elections  in  several 
States;  and  in  volume  the  week's  business  has  been  light.  In 
creased  demand  for  cotton  goods  for  export  has  continued,  and 
this  has  given  a  firmer  tone  to  the  market  fordomestic  productions 
than  has  been  seen  for  months  past.  The  actual  shipments  of 
brown  sheetings  to  Liverpool  have  l)een  greatly  exaggerated,  and 
at  least  a  considerable  portion  of  those  sent  forward  are  believed 
to  be  consignments  and  not  purchases.  Manufacturer-!'  agents 
have  experienced  a  steady  but  moderate  demand  from  the  West 
and  South,  and  in  some  cases  the  near  by  trade  have  operated 
more  freely.    The  Carlton  (formerly  Brunner's)  cotton  and  woolen 


Ko»embcr  6,  13/6.] 


TECE  CimONlCLR 


449 


mtlln  at  PhiUde.pbU  hare  been  destroyed  hj  fire  but  are  eoTered 
b.T  insaranev.  Thin  fire  will  farther  eurtail  the  ala<>ady  small 
■upplj  of  worsted  dress  eoods — which  were  produced  successfully 
by  the  Carlton  mills.  Tlie  jobbing  trade  has  been  quiet  but  the 
•gi^nate  sales  made  in  October  have  been  greater  in  amount  than 
last  jear.despite  mnch  lower  priced  for  many  descriptions  of  goods. 
DoMCsnc  COTTOX  QooDa.— There  has  been  a  steady  move- 
ment in  eottoD  dannels,  corset  jeans  and  utieens  from  first  handB, 
and  the  sappir  is  strictly  moderate.  Fine  Itrown  sheetings  (of 
which  1.000  bales  were  shipped  to  Liverpool)  have  be»n  mor>^ 
firmly  held  and  higher  prices  are  anticipated.  Heavr  standard 
and  foaryard  brown  sheriinf;*  were  in  fair  request,  and  bUaciied 
shirtings  were  taken  more  freely  by  shirt  manafactnr<!r9,  al- 
though in  m'lderate  parcels.  Tickinifs,  dt^nims,  cheviots,  stripes 
and  checks  were  severally  in  limited  demand,  bat  there  was  more 
inqoiry  on  the  part  of  the  elothini;  trade  for  eottonajes.  Qrain 
hags,  batts,  warps,  yams  and  twines  were  leas  active  in  first  hands, 
hot  were  jobbed  in  lair  amounts.  Print  dolbs  remained  quiet, 
but  a  few  transactions  were  eflaeted  on  the  basis  of  4i  —  10c.  30 
days  for  standard  Mz64  malies.  Plaid  prnts  and  robes  were  in 
moderate  demand  and  there  was  more  inquiry  for  shirtings,  but 
fancy  madder  and  ehooolate  prints  were  devoid  of  animation. 
Oinghams  were  in  good  demand,  and  no  surplus  of  standard  fan- 
cies exists,  aa  is  the  ease  with  plaid  eoltoa  dress  fabrics  which 
have  bad  a  sneeessfnl  season. 

DOMBSTIC  Wooun  Ooooa.— The  distribation  of  heavy  woolen 
goods  for  men's  wear  has  been  restricted  to  such  small  lou  as 
were  foand  nsoeesary  for  keeping  up  ascortaenia.  Plain  faeed 
beavers  have  been  in  good  demand  for  cloaking  purpoaes.  but 
overcoatings  have  relad  quiet.  Worsted  coatings  have  moved 
slowly  in  heavy  wrigbu,  but  soma  fair  orders  were  nesived  by 
msnulacturers'  agents  for  Spring  weights,  to  be  delivarsd  hera- 
sfler.  Caasimeiea  of  spring  weights  wers  mors  sought  for  by 
eloihier*.  bat  transactions  were  limited  by  the  light  supply  of 
new  styles  on  the  market.  Cloths  and  black  jioeakios  rsmained 
sliiggiah.  and  there  was  only  a  limited  dMsand  for  Kentucky 
jeans  an  I  aatineta.  B<-pelI>nts  and  cloakiaga  wars  In  good  de- 
mand, asd  a»in<  to  the  et^mparBtiv)  aeardty  of  hlna  and  fancy 
reprllects  holders  have  hern  able  to  advance  priaes  to  a  nayisg 
poiDi.  Flaonela  and  blankau  have  b«sn  in  steady  rKjaeat  for 
small  lots,  and  carpets  have  changed  bands  to  a  fair  aggregate 
amoaot.  Drrsa  goods  wrrr  rather  leas  aeU*a,aad  salsa  of  woolen 
shawls  were  Interrupted  by  an  aaaeaaaeineat  that  thepopular 
makes  of  the  Watcrvllet  Mills  will  be  eloaad  out  at  aactloo  next 
week. 

FoKKiax  Dht  Ooom.— The  trafllc  ia  Imported  fabrics  li*« 
been  light  aad  nnlmportanl.  and  apart  froo:  dmsa  goods,  wLieh 
have  been  Ui  fair  dsaaaDd,  there  was  no  aaimallon  In  the  traiin. 
The  supply  of  fancy  drea*  goods  in  Importers'  baiclii  is  now  >|aite 
moderate,  and  fcveral  Itadleg  importers  who  ttave  gsnerally 
eloasd  o«t  tbair  stoeka  al  paklie  sale  have  not  beao  baa/d  of  In 
tb«  aactloo  rooms  this  season.  ClotliiDg  llnaoa  hava  baan  In 
rather  batter  demand  aad  aganU  for  Belfiwt  teaass  have  taken 
talr  ordars  for  diasalinaaaatanadTaaee  bpoa  laat  ssaaw's  prices. 
There  bava  beao  soma  indlsailoaa  o(  a  deiiMad  far  (oods  saitsble 
for  the  coming  holiday  tra'e.  and  a  fear  tiaaaaelless  have  oe- 
earred  in  fancy  haitdkarehlnfs,  Berlin  satbioidarias,  lace  goods, 
&c  .  for  thst  por|ioae.  Silks  have  been  quiet,  accept  low  aad 
m-diuin  gra<l«  lilack  silkn,  which  ha*e  b««a  ia  teir  demand. 
Tabt>)p  velvets  have  been  io  fair  requrst,  aad  silk  trtmmioff  vel- 
vru  bavs  met  with  moderate  salea.  Btbboaa  hava  mavad  slowly 
and  at  rather  lower  prlesa  than  thoaa  ruling  a  month  ago. 
lasrortatlaaa  ar  Vrf  4Ja*4a. 


t  ue  imponauona  oi  >try  goods  at  this  port  tar  tba  week  eadiag 
Nov.  4.  l!i75,  and  the  eorreapoadiag  waakaof  1874  and  I8;a 


The  importations  ot  >lry  goods  at  thia  port  tor  tba  week  eadiai 

fov.  4.   1875,   and   tb.  

have  beeii  as  follows : 
saiaasD  roa  ooaacamoa  loa  raa  wsss  aitmaa  mvaaus  t,  1*:J. 

,—itn .       . tSTt ,        ^-— IS76 

Pkn.   Vatae        Pkcs.     Valas.       Pks*     Vaia^ 

MaaalsciarMaraaal.  .     Mi      iM^m         tm    nmjm         *l*     lUS^TV 

do  eoctoa . .    *44         (  .tM         Mt        1«.8M         a«       tS*  St* 

«a  sUk tM       MLtit         m       tM,*m         tit       •K.SM 

„.      *•  «aa m        tctst        IW       laust        Ml        w.^i 

Mlsrsnaaeoas  dry  gooda  att         tIJM        U»      l<*.«ai         US      I14.4S* 

n   $mjm    mm    jwMa     im  tm,** 

I  a>o  vaauws  lave  Taa  ■sbsbt 


■saalMtafse  at  t 
do              «... 
do              (Ilk 
da  las 

ttlscellasaoa*  tr;  ga«4s. 


m  muni 

Ml  «^«41 

«  »i.»rT 

tot  ta.sli 

MB  tl.>M 


OS 


tl7 


IICMM 

tt.T.« 

t«.(at 

lt,tM 


rr 
m 

M 

m 
ut 


...  um  ttmm    >.»w  i*itifi     ~m 
em  iMi    aHa    tjm     isMn    um 

Fatal  tarawaasaaa'rt    VtOI 


tMLMt     3.j>tt  tuvnjm     i;r3 

oirsnis  aaaa  rsaiDtii 

«M     tiacMi      n 


m  •■r.iM  «M  tiacMi  rt 

■D  «a,IM  ■•  lUO  III 

IM  iWm  •!  HIM  M 

9M  nt.iai  tM  laua  m 

IM  titM  in  Mitt  H 


Total 
AM  aat'd  res 


laiM  I.  1. 
fsul  aatsssd  a.  ike  iwrt  UVT  n 


4i«m« 


l.tIO 


ttlMM 
nun 


•U(.tll 

lajmx 
m,n\ 
Uwtil 

:t7.tto 
Mjmijnr 

$!ai.7i7 

M.««l 

M.IW> 

cons 

t.t», 

#M.»t<; 
:f;.aao 


tjM  iuis,«D    t,!*  tumjim 


Bxyarta  ar  ijeadtu(  Ariiclea  from  Maw  yam. 

The  following  table,  compiled  from  Custom  House  returns, 
shows  the  exports  of  leading  articles  from  the  port  of  New 
York  since  January  1,  1875,  to  all  the  principal  foreign  countries, 
and  also  the  totals  for  the  last  week,  and  since  January  1.  The 
last  two  lines  show  total  oa^ust, including  the  value  of  all  other 
articles  besides  those  mentioned  in  the  table. 


IO  •"* 


!« it ;« 


■•'»•         r^  '    'to     «i     mi 


S' 


:rf     wflrf      Vj 


im    8    1    BS82    Si:-"5^li 
.§§§  i  :     ;S  raas    I  .  .352  ;S2g  ;  :-  :f    Jg 


"  ti 


% 


i  :S3*i*    S  ••38 

■  rf    ••   • 


|I5! 

JJ-- ••■.-••«-    ■•!•••         ■    -fig 

M?gS  :  i828i!?3  :»'Pas  '§'8l||8IJs5Si!SS   n 

itti* '  it*-  i   •^■-  •*'«'''   "i  iS 

jfl        •*  ,i^ 

S  8 :  ESaSSiSSSSSii    §« 

|i|l5|8«:|H|a:5^£fi5^|8;8p.6«Jl«:5|5| 

hi 


.•:::288    st 

•   •  •  •    Mg 


igS  :- 


"3     IS 

:f   3f8 


!  I : 


=8  i  i8  .n 
i 


liV-VBiS^  88 

:8B;"6^    2:::iS 


83 

s 


! 

s 
•r 


:li:5:.8irf| 

:« •8f:rir?"f56l8  51 

~  a 

|H=18  ■•  as  :  -in  ■■  M  I  8  SBSSS.S-'ifl^  ^82 


I 


:  n  n  M : :  i  -  :f  ' :  is  h  :^  i  i ; : ;  [ih  :  H 


1 


mmmmS 


'I 


460 


THE   CHRONICLE. 


[November  G,  1875. 


5K 


»  t  a 
a  14  ou 
s  wou 

•  1  M 
«       ■■■ 

a     ... 

a  89  00 

a  18  00 


UENBRAI. 

PRLCES  OURkENT. 
Pot.. s  a 

BUBADSTOPPS— Senipeclklrapon. 
BUILDINO  MATKHIAL8- 

iir<ci:<— Common  iiura,  afloat '2  75 

Croton 11  iw 

Piiiuaclphla.  ....  smo 

Ce/n^nt— 1(  •MfMulale 1  15 

XOn«— liockland,  commOD ...    1  DO 

KockUiul.  flnl~'iliiK 1  30 

Lumber— ^■niiuer.i  r»''ie 25  w 

wmtepinebox  iinardB 15  00    _ 

White  pine  inerchan.  box  boardt.  H  00   a  21  00 

Clenrnliie li  00    a  ."B  00 

Oakar.d  ash *«  W   a  I'l  OO 

Blackwnlnut IS  au    aiOO  00 

Bnrace  boardt*  nianks 18  00    a  ii  00 

Hxmlock  boards  &  planks IC  in    a  30  no 

.VaU«— :0a<U<1.rom,ren  ft    Bh.V  keg    3  10    a    3  3.? 

Cllnob.lx  to  Sin.  &  longer 4  7<    0    5  ;5 

Idnna '  «5   a    5  SO 

Cutiplkes.allslzea 3  45   a    3  90 

iWriM— l.ead.wtilte.Am,nure,lnoll      lU(<a       .... 

Lead.  wh..  Amer.,  pure  dry CXS         '» 

Bine,  wh.,Amer.  dry.  No.  t 1    A       .(« 

line. wh..  Amer.. No. l.lnoll .  \\}<*-  .U 

Paria white. Knulish, prime  KOld...    1  30    a    1  33 
BOTTKR-(Whole8aie  Priced- 
Half  flrkln8(Ua8t'ii;  3aa  toselectlona      22   9      33 
■Welsh  tubs,        "       '•     lata       ....       ii   9      23 
Halfflrklni(Wesl'n)  ••       "         ....       1-1    ®      2. 

■Welsh  tubs         ....       13   a      i^ 

CHKtGSH— 

New  State  factory,  fair  to  good 11X» 

Westeru.eooa  to  prime 9    a 

COAl.- 

Anthraclte  (by  cargo) 5  iS    a    6.5 

Liverpool  gas  caunel &  12  00 

Liverpool  house  cannet... ..a  It)  00 

COFFKK- 
Kio,  ord.  eareoes.oi'aso  days,  gold. 

do  fair,  do        gold. 

do  Kood,  do        gold. 

do  prime,  do        gold. 

Java.mats  and  bags gold. 

Native  Ceylon isuio. 

Maracalbo  gold. 

Lagoayra goid 

8t.  Uomingo gold. 

Bavactlla gold. 

noeURlca    KoM. 

COi'PBK— 

Molts 

Sheathing,  new  (overlS  0«;  

BrH7,lflrs'(over  l«oz.) 

American  Ingot,  Lake 

COTTON— dee  special  report. 
DKUOS  ft  DYES- 

Ainm,  lump 

A-gots. crude gold. 

A'gols.reflned ** 

A  "Senlc,  powdered " 

Bicarb,  soda,  Newcastle •• 

Bl  chro.  potash.  Scotch " 

Bleaching  powder " 

Brimstone, crude,  per  ton •• 

Brimstone.  Am.  roll »». 

C*mphor  reflnod  ...  ...  — ..    ..... 

Castor  oil,  K.l.  In  bond.  »  gal.. gold. 
Caastlc  soda '• 

Chloratfl  potash 

Bochlneal,  Honduras " 

riochlneal .  Mexican 

O-eara  tartar 

aibohs.  Hast  India ... 

Uatcb  BOW- 

Bamhier  

BInseng <=;■'• 

Glycerine,  American  nore _'_• 

LfoorlcepMte'.Caiabria";.' 

Licorice  paste. SIcllv    25 

Licorice  paste.  Spanish,  solid.,  .gold      20 


18  a 
.i9i<a 

19X4 

25M9 
21  3 
1«X» 

IS     lA 

19  a 
19  a 

....a 
....a 
....a 

23    0 


2K« 

17  a 
28  a 

4  31)<3 

18K3 

19S    « 

39  00    6 

3Ma 

23^9 

70  a 

4  25  a 
20  "O 
42   a 

42!<a 

9  a 
....a 

S9(a 

1 10  a 

le  a 

II K9 

2e  a 
» 


134 
lOH 


18X 
19H 
20 
2('X 

■m 

22 

81X 

21 

18M 

21 

2IX 

31 
30 
3! 
2SH 


2X 
24 
32M 

4  51)" 

I'M 
2  0O 


23>< 

4  so" 
LOH 
55 
45 
85S^ 

■«H 
5« 
1  15 


OUNPOWDKR- 

BLABT'KO,  rOK    SAILBO.VSB,  AC. 

fvoda,  any  Size  grain,  lu  Sk  kcKs 12  50 

Saltpetre         do  do        3  00 

BPOwriHo. 

Klectrlc.Nos  1  to  s  gralu.ml  B  sq.  can? ion 

Diamond  grain.  I r.  I  ft  caoa 100 

Orange  Ilghtiiluir.  Nuit.  I  to  7.  in  Ift  can* 1  10 

Siiiierll -e  faaif  spor.lnr.  In  lib  oval  cans. 71' 

Anierl' an  sporlliig.  In  1*  OTttl  cans  70 

Orange  ducking,  Nos.l  to  5.  m  ;i6cans  70 

KutkSh  oiuig.  K  8. 1  t»S,lii«Kn>  kces 3  41 

Ea^iudiick  ahocitlig.  NOi.  i  to  S,  In  lij,  Bk-gs  3  41 
Orange  duckln>:.  N'us.  t  to5.  In  6S4  A,  kegs  .  3  44 
Kag'e  lucH  snouting,  Noi.  I  to  3,  U Hit.  kegs,    8  8K 

DucKShootlnK,  .-"Sl  toS  gr.,  riX"" ■    '88 

HazirrsKo'tnciiy  r  Be,  I  ■     val  l»  cms 45 

impon'srlfte   Kl'.  FKir,  FFFg  lib  caos 4.'> 

Duponfai-ne,  Ffg.  FFI»K.  BXlbs 1  45 

H.izard's  Ken'uck    Mile.  KFFg,  FFg,  and  Sea 

Shooi  ng  Kg.   r.',ibke|ni 145 

lluponf.rllle,  FKir,  PFFg.  liKIb  k»gs  2  62 

Hazard's  Ke   inckv  flfle,  FFFg.  FFg,  and  Sea 

Shooting  Kg.  l;y. It)  keti 2  62 

Orang!  r  tti.  Kg.  fifg,  FFi'g.-J.jIk  ke-ts  4  75 

Haz  ,r  la  Kentucky  r.ne,  Fg,  FFg,  FFFg,  23Ib 

fen ; f  ij 

Duponfs  rifle  In  »lb  kegi 4  15 

"shTiTp'ns rwn  65»       .... 

HIDBS-  ,     .   ^ 

Xlrv- Buenos  Ayrea,  selected. 

Montevideo,  do.... 

Corrlentes,  do.... 

Bio  Grande,  do.... 

Orinoco.  do.... 

flallfornis,  do.... 

Matsm.  and  Mcx,  as  thm:  rua 

Maracalbo,  do.... 

Bahia,  .^     do.... 

Dru  ,SnK«(l— Maracalbo,  do. .. . 

Chill,  So-..- 

Pernambuco,  do  ... 

Savanllla,  do.... 

Bahla,  do.... 

IFel  .Called— Bnen.  Ay,  selected 

Para,  do  ... 

California,  ■  do.... 

Texas,  do.... 

A.  /.  sloct- Calcutta  alaught... 

Calcutta,  dead  green 

Calcutta  buffalo '•  10    a 


,  8ai3 


gold 

■X)  a 
21  a 
20  a 

20  a 
2'.  a 

21  H» 

18  ^a 

16>i1» 
16X3 

24 

" 

...    a 

13  « 

'• 

16  a 

" 

....  a 

ISS 

.» 

..  .  a 

14 

■• 

....  a 

UK 

•• 

io«a 

11 

*• 

....   a 

9 

•  • 

in  a 

cur. 

9K« 

12 

gold 

nxa 

14 

*• 

....  a 

11 

8PBLTBB- 

Foretgn 100  ».gold. 

Domestic cur. 

SUOAIl- 

Oubn,  inf  .to  rom.  rcfi:*ing  

do    fair  toi^ood  reflntng 

do    prime,  rcfliilDg 

do    talrtogood  grocery 

do    ceutr,tthds.&  hxt,  Nos, 
Molasses,  hhds  A  hxs. 

Melado 

tlav'K.Box.D.  S.  Nos.  ,a* 

do  do  do    llic«12 

do         do         do    13®I5 

do  do         do    iAai8 

do  do  do    I!@ft) 

do  do  white 

Porto  Ulco, refining,  com.  to  prime, 
do         grocery,  fair  to  choice.. 

BrazlI.hags.D.  S.Nos.  9all 

Java,   do.  D.S.,  Nos.  10at2  

tkfanlla.  ^uper'or  to  ex.  sup     

N.  t>..  refloed  to  grocery  grades 

72«/ltlM— Hard,  crushed VB 

Hard,  powdere:! 

do      grannlaleu 

do     cut  loat 

Boft  white.  A- :>tandara  centrlt... 

do       di.      oif  A 

White  extra  c  

Yellow      do       

Other  Tellow 

TAIl.ow- 

Prime  city,  »  » 

Western,  VD  

WOOL- 

Amerlcan  XK *» 

American.  Nos.  1  &  2 

American, Combing 

Extra,  Pulled 

No.l,  Pulled. 


7  12K9 


7S7H 
7iS 


7  a 

7V» 

8)t» 

8  a 
«»a 

5  a 

6K4 

7xa 
exa 
«X« 
loxa 
^s» 
7Ma 
sua 
7xa 
X  a 
:xa 
...a 
II  a 
lOMa 
11  sa 
una 
I'j  a 
9xa 

2^3 

8xa 


>Ma 

43  a 

43  a 

55  a 

43  a 

27  a 


a  25  00 

a  2-1 03 

a  22  I'O 


California.  Spring  Clip- 
Superior,  aawashed 26 

Medium 26 

Coarse 22 

Bnrry  1» 

South  Am. Merino  unwashed 29 

Cape  Good  Hope,  unwashed S.") 

Texas,  ane 2| 

Texas, medium 28 

Smyrna. unwashed  gold.  ^8 


8X 
9 

-% 
t% 
7X 
bH 
9K 
»X 
li'H 
10  X 

ex 
8H- 


lOK 
lOX 


IX 
»X 

9X 
9X 

18 
SO 
65 
46 
32 

S2 
30 
25 
22 
32 
!8 

.'3 
23 


Midder.  Dutch 6J(,a 

Madder, French 6H9 

Nutgalls.lilne  Meppo a 

or.  vitriol  fB6  degrees)..........  ...         IVa 

Oolum.  Turkey  ....(In  bonll.gold.      ....3 

pfnsslatc  potash, yellow,  am...... .      S2Ka 


28 
SO 
8 

15V< 
'V 
460 

S3 

jnlcksllver gold     „~"T 

SSlnlne d"-    2  3(1    a    2  35 

Khuharb,  China, good  to  pr....*l  B.      45    a    1  50 

Sal  loda,  Newcastle iold     145   a    150 

Shell  l.ac    50    a       65 

Soda  ash,  ordinary  to  good gold    IM    a    2  3714 

Sugar  of  lead,  white 18    a       18X 

Vitriol,  blue, common s^a        85C 

K ISH-  Store  Prices. 

George's  and  Grant  Bank  cod 5  no   e    6  25 

iSackerel,  No.l,  shore  (new) 23  00    aiSO  00 

Mackerel,  No.  1,  Bay       a 

Mackerel, No. 2.  shore  (new) 17  00    a  17  50 

Mackerel,  No.  2.  Bay a    .... 

FLAX—  «»,,,.. 

North  Hlver.prlme •  »       15    a 

Balsltts.seooiess,  new 6  00   a       

do      Layer,  new 2  W)    " 


IRO>-- 

Plg, American.  No.l 21  00 

Pig,  American, r.o. 2 22  00 

Pig   American,  Forge... 20  00 

Pig    ScotCD    »50    a  33  00 

Bar.  Swedes,  ordinary  slxea 13"  00  iai4n  ro 

Scroll 1"^  50  am  50 

HOOD ••■  82  »<  ai32  50 

Sheet,  Russia,  as  to  assort gold.       12)4® 

Sheet,  single,  double  &  treole,  com.        4  a  „     4X 

Ralls, Kngllsh.... «•>''■•  5im  f^'S, 

do    new,  American car.  45  CO  a  60  00 

LEAD— 

Ordinary  foreign »  100  lbs,  gold  7  12xa 

Domestic *' 

Bar 

Sheet 

LSATHER- 

Uemlock .  Bnen,  A'rea.  ii.,m.s  1 

'•        California,  h.,  m.  *  1 

**      comm'n  t)lde,li.,ia.  Al 

"      rough 

Slaughter  crop 

Oak.  rough 

Texas,  crop 

MKLA88KR—  .      ^ 

Cuba,  centrifugal  and  mlzea 

Cuba, clayed ,     ■ 

Cuba,  Mna.,  r.flnlng  grades 

do      do    grocery  grades. , 

Barbadocs 

Demerara *.*. 

Porto  RIno.  • 

N.  0.,fair  to    choice H  gal 

NAVAL  8TORKS- 

Tar,  Washington i  12M* 

Tar,  WllminKton   a 

Pitch,  city -i—v  •-■/,,  * 

Spirits  turpentine ...»gal.  4[ii9 

Kosln.  strained  to  goodstril.*  bbl.  1  8. Ha 

"      low  No.  1  tngo^d  No.  1 2  65    a 

•*      low  Vo.  2  t.T  good  N0.2 2  0.)    a 

'■     low  p*ie  to  extra  pale 4  2-)    a 

••     wludowgla-8 7  00    a    .... 

O  AK  OM— navy  to  best  quality. . . »  » .        7Ka        9* 

City,  bag '"""'5^'!" 

Western eor.  44  25 


ZINC— 
Sheet V  Ik, gold. net 


FBE1GBT8— 

ToLlVBBPOOL: 

Cotton *  ». 

Flour *  bbl. 

beavy  goods.  .Vton. 

Oil  ... 

Corn.blk*  bg».  V  l>u. 
Wheat,  bl>lk  &  bags.. 

Beet »  tee. 

rork *bhi. 


. —  araaM. — . 

.?.  d.    Jr.   ft. 

... .07-16 

3  \ii%  3  6 
Sf)  0    <t40  0 

40  U  a.... 
8  e.... 

8)4*.... 
6  6     <>.... 

4  6    ».... 


9  a 

. BAI 

I.    <t. 

...a 

2  9  w 

25  0  a  : 

35  0  a 

s  a 

sxa 

4  6  a 
33a 


I.  rf. 

i-16 


60  a 

5  70 

8Ki 

9xa 

25  s  a 

28H 

25  a 

27  K 

24«a 

28  K 

25  a 

26 

31  a 

35 

26  a 

^9 

31   a 

34 

a 


■ii 


sn 

31 
31 
40 
38 
50 
52 
60 

2  25 

2  25 
2Ui4 

i"M 

3  71 
2  25 

6  •.•iii 


a  39  CO 

a  44  £0 


do      Sultana,  new. . 

do     Valencia. new 

do     Loose  Muscatel, new. 
Currants,  new. . 


14X«       14K 
inxa       10)4 

1 25  a  4  00 

--  JX'*         TX 

Citron, Leghorn,  new 5314^ 

Prunes,  Tnrklah ■"'" 

do        French,  new  

Dates,  new    

Fiirs.nHW 

Canton  Ginger  Vcase. 

Sardines,*  hi.  box cur. 

Sardine,*  or  box " 

Macaroni,  Italian 

DoniMUc  Dried— 
Apoies,  Southern,  sliced,  18J5  crop. 

yo  '*        quarters  

do       state, s'lcl 

do         do   quarters 

do      'Western.  qu>*rtera 

Peaohea. pared  Western  

do       do  G>.  goo  I  and  prime 

do       do    N.Ca  olloa,  prime..... 

do     uupared.  halves  and  qrs 

Blackberries  .new 

R^upberrles.  new 

Cherries 

pinms...       .„■•_ 

KKMP  AN      ,^CTE- 

Amerlcai    •lessed »ton.  190  ^0   a2C)  no 

Amerlcai.  andresssd 135  00   @14n  00 

Russla.clean gold. 220  nn  aa^a  00 

Italian "   260  00    a2;5  00 

•faniia »»  ;;       ■  9     -.% 

Sisal "  iii9        *H 

.inta 3)«a        9 

GTINNIB8.— See  report  andor  Cotton. 


OILS— 

Cotton  seed,  crude  51    a 

Olive,  in  casks*  gall..... 1  15    a 

Linseed, casks  and  bbls 56   a 

Menhaden,  prime  L.  I.  Sonnd ■i2h* 

Neatstoot 85   a 

Whale, bleached  winter »5    a 

Whale,  Northern a 

Sperm, crude „;••* 

Sperm,  bleachRd  winter 1  83    a 

Lard  oil.  Winter 107   a 


52H 
1  20 

58 

45 
1  30 

80 

79 
1  50 
1  85 
1  10 


7xa 

8 

9xa 

15 

i<*» 

514 

13S(» 

15K 

....a 

8  OU 

SKK* 

23)4 

14  a 

14  X 

....a 

14 

11  a 

"H 

lox® 

11 

12  a 

11  a 

UK 

...  a 

....a 

14  a 

18 

....® 

10)4  4 

12 

...  a 

13 

32  a 

33 

...a 

•-'5 

....® 

20 

pETROLEnM- 

Crude,  InbulK 6x«  7 

Cases "Xa  19 

Refined,  standard  white a  V% 

Naphtha,  City,  bbls lOKa  lOX 

PKOVTSIONR- 

Pork  new  mess Vbbl.2S0O  «  23  25 

Pork,  extra  prime '*      16  UO  @  :6  50 

Pork, prime  mess  ... "       19.51)  a  20  00 

Biiel,  plain  mess,  new **       12  00  a    .... 

Beef,extra  •'i'"*p.    "    "      13  00  a 

Bcf  hams,  Wes',.  sum. oared..  ^'23  00  a  24  00 


Hams.stnoked  . „....*»  '"X* 

Lar',  City,  steam 13    0 

BICE— 

Caro]ln8,falr  to  prime e^"* 

Louisiana,  good  to  prime .  „   6>4a 

Rangoon,  In  bond gold.  3  50   (is 

Patna «V9 

SALT— 

TurksHland 23    a 

St.Martln's •i---"i-  , '■'J    » 

Llvernuoi  .various  sorts V  sank.  1  40   a 


2  60 
7 


2  60 


Commercial  Oards. 

Olyphant    &  Co., 

COMMISSION    MERCHAUTS, 

lions   Koiig,  Sliaiieliat,    Fooeltonr   & 
Canton,  CUIna. 
Represented  bt 
OliYPHANT  Sc  Co.,  of  China, 

»4i4  Wall  St.,  New  York. 

Wm  Pickhardt&Kuttroft 

imPORTERS 

AND 

COMMISSION    MERCHANTS 

IN 

CHEMICALS,   COLORS,  DYESTDFFS, 

&c,  &c.,  Ac, 
No.  23  Cellar  Street,  Neiw  York. 

Branch  Offices  In  Philadelphia  and  Boston. 

WM.  PICKHAKDT,     { o,naral  Partners 
ADOLF  KUTTKOFF.i'**'"™'  »^*""«" 
BADISCHS  ANIUN  ft  SODA  FABRIK 

Special  Partner 

Brinckerlioff,  Turner 
&    Co., 

Manufacturers  and  Dealers  n 

COTTONS  AILDUCK 

And  all  kinds  of 

COTTON  CANVAv,.  FELTING  DUCK,  CAR  COVER 

ING,  BAGGING.  RAVENS  DUCK,  SAIL  TWINES 

&C.    "ONTARIO"  SEAMLESS  BAGS, 

"AWNING  STKIPES." 

Also,  Agents 

(Jnlted  State*  Bantine  Companr. 

A  full  supply  all  Widths  and  Colors  always  In  stock. 
No.  109    Dnane   Street. 


SALTPETRE- 

Refined, pure 

Crude 

Nitrate  soda 

SEED- 

Clover,  Wej^tern. . , 

Timothy 

Hemp.rorflgn 

Flii.rongh .••^.•••v    '  "^ 

Unseed  Calcutta*  56i)KOla (time) 


.gold 


»». 

,..,f  bash. 


....a 
....a 
....a 

10)4  ■^ 

2  23    a 

3  00  a 


13X 

2  50 
2  0-. 
1  55 
1  90 


E.R.Mudge,Sawyer&Co 

AGKNTS     FOB 
W^astalnston  ITIIIIb, 

Burlineton  Wooleu  Co., 
Clitcopee  .nfg  Co., 

Ellertoii  >e»v  milai, 

Saratoga   VIctorr  Iffe  Co. 

NEW  TORE.  Bf^STON. 

43  ft  45  WniTB  Street.  15  CBAtrsoET  St. 

PHILADELPHIA, 

J.  W.  DATTON,  230  CBKSTKnr  8TBEET. 


oiii)tttttia((f 


xtmtk 


HUNT'S    MERCHANTS'    MAGAZINE, 

REPRESENTING    THE    INDUSTRIAL    VND  COMMERCIAL  INTERESTS  OF  THE  UNITED   STATES, 


VOL.  21 


dATlJRDAY.  NOVEMBER  13,  1875. 


NO.  542. 


coNTe^•T8 


or  th*  CtMM*  of  oar  Boai- 

loa 

It*     Flaacdal 


TBB  OHROinCLB. 

Tba  Baroh  to  lUUeea  u4  tb« 

451       TlBMwkM 

Latoot  Meaounr  —4  Ooaaordtl 

■i«UokK«wo 

OiMwilil  ta4  VloeoOanoou 
Now* 


PWley 

"  Ooapon  Crtpptn"  

Bulroad  Ionian  ta  Oetobor, 

ud  ftoi  Jtab  I  ID  Hot.  1.  ... 

TBS  BAtOLMMtr  OAnTTB 

f  oraisa  iMkHnk  Now  Tork 
CIV  Biaki^  tmlua  Boaka, 
PUMolpMa  Baalu.  NaUoaS 


TBI  OOHXBMUIAL  mW. 

Ioo4a.... 
iCvnat. 


Waotattoaa  of  9'scka  aad  Boa<« 

Now Torfc  Local  SocailUaa  .... 

loTaotBOot  and  Stato,  Cltyaad 

OocporalloB  riaaaeaa 


4m\nnOoo4m. 
4«    Prfaoaf 


«n 


414 


d)e   4llicontcU. 

Tas  C'omcsBCLU.  and  Pinamciai.  CamoMicxa  it  imutd  tm Bmtmr- 
dag  morning,  laUh  tkt  laUtt  ntim  up  U  wUdiugkt  •/  Friday. 

inm  or  svBaduRiav-rATAjnJi  a  abtasoi. 

a  Jboerlbora,  aad  Ball«4  W  all  o«k«K 

PorOaoT«ar(ladodtacpeM|4L ~.  W  f) 

■  bo  amttaMA  Mdl  OfiaMi  aloMOi  I*  •  •rMtai  mlii 
ta^o*.    TIM  PoMMaooHBMt  bo  napooalWo lor  Boalt- 

*Woi-    


Ontu  or  PboUMooMoMyONora. 
A<T«r«f  laato. 

I  OM   yliWi>it  al  •  <•■<■  *w  Ubo  fbr  oadi 

tMtlBfc  bot  wh«««lano  mttn  atoglraafof  >Ta.or»aif,l«««»in.  a 
MMfiAeoMt  li  aata.   Ko  pnoriooof  te«<— —  paMtaattM  la  fto  boot 


la  at  If  o.  •  Aaoda  Frlon.  OM  Broad 
:a  MMi  at  Ibo  foUevtv  lataa : 
•otbo  CbmlcUdBcladlBC  pmtac») 


_....    1   » 

T«  aad  tl  WiUlam  Buo^IfBWTOKK. 
Poor  Omea  Box  4  9M. 


WtUJAM  B.  DAKA  ft  OO., 


iV^A  aoat  Ho  carat  la  faralabod  at  Moaau;  poolaco  oa  tho  Maio  la  I* 
«a»la.    TilMwbimilToabactlboTaattlBa 

,BF^  A  ooapi««a  Ml  of  tbo  OoaaaaOAi.  abs  Txmukuj.  CmmamtaM~3t\j 
Mtai  ta  da(o-la  (lar  aalo  at  Cba  oOM.  Ako  oeo  aatof  Bmrr'aMaaniAiiTa 
■AOAaura,  IBM  to  wn,  rtitf^bno  toiaBoo. 


f^"  The  Baataooi  DopartaMot  of  Ibo  

PlnanHal  Intamt*  ta  Xrw  York  City  by  Mr.  Frad. 


JOBM. 


UIE  OP  THE  CirSES  OF  Ol'R  ^nwvn  BRi  (TERITIO.V 
We  h«ve  lately  had  a  soggeatiTo  illuntration  of  the 
readioeM  with  which  the  monej  market  recorers  and 
■howff  that  andertoae  of  itrength  whiob  was  ita  great 
eharacterittic  dariog  the  severe  trial  and  strain  of  our 
war  fioanoe.  In  whatever  direction  we  look  at  the 
present  moment,  we  meet  proofs  of  more  or  lets  improve- 
ment soliciting  oar  attention.  The  great  financial  ren- 
tre«  are  all  being  drained  of  cash  to  more  the  crop*.  In 
conseqaence  of  the  movement  of  produce,  money  is  find- 
ing its  way  into  the  pockcu  of  farmers  and  country 
merchants,  eoDeotkms  are  being  mora  freely  made,  the 
earnings  of  the  railroads  show  a  responsive  increase,  the 
banks  and  tbe  capitalists  find  it  easier  to  employ  their 
surplus  funds,  and  there  is  a  general  indication  in  all  the 
departments  of  trade  that  the  activity  and  the  volump  f«f 
transactions  is  large  and  incretsing.  Of  course  there  are 
ezcepUona  to  this  general  rule;  and  too  much  of  the 
booMBB  doisg  raaUsea  scanty  profits.     But,  after  mak- 


ing due  allowance  for  these  drawbacks,  we  must  still 
recognize  the  fact  that,  throughout  the  country,  there  is 
an  active,  healthy  and  extensive  trade  going  on,  and 
that  the  improvement  appears  for  the  present  to  be 
rather  on  the  increase.  Is  this  anticipation  of  further 
acUvity  well  founded,  and  what  are  the  causes  of  tbe 
general  recuperation  of  business  ? 

Tbe  improvement,  as  we  have  often  intimated,  is  due 
to  a  large  variety  of  concurrent  causes,  some  of  which 
have  to  do  with  the  money  market,  while  others  are  of  a 
oiqra  general  and  obvioas  character.  Let  us  briefly  look 
at  some  of  these  monetary  causes,  as  they  may  be  called  ^ 
which  are  now  contributing  with  other  forces  to  build 
up  and  restore  the  fabric  of  our  industry  and  commerce. 

First  of  all  it  is  expected  that  capiul  will  be  abundant 
in  tbe  channels  of  business.  The  great  need  of  our 
national  industry,  the  obstacle  which  has  impeded  its 
growth  for  the  last  quarter  of  a  century,  w  the  free 
accessibility  of  capital. 

Our  banking  system — oorapriring  the  naMonal,  Statei 
and  private  banks — ^is  more  fully  developed  than  that  of 
any  other  country  except  England,  but  there  is  some- 
thing defective  in  thnt  part  of  our  financial  machinery 
which  supplies  agriculture.  We  want  to  add  to  our 
system  of  finance  something  which  shall  do  for  our  farmers 
what  the  3,000  banks  of  the  United  Sutcs  do  for  our 
merohants,  manufacturers,  and  commercial  men.  The 
defective  organization  of  our  monetary  mechanism  in  this 
and  other  respeets  has  caused  us  to  suffer  from  monetary 
stringoacy  to  a  g^reater  degree  than  almost  any  other 
great  commercial  nation  of  modem  times.  Such  disas- 
trous invasions  of  monetary  trouble  are  looked  forward 
to  by  our  merchants  just  as  an  approaching  storm  is 
watched  for  by  a  pnident  mariner  at  sea.  No  such 
trouble  jmpin  impending  now.  The  monetary  horizon 
is  dear.  And  this  indication  is  the  more  important 
becaose  the  country  has  so  lately  suffered  from  a  panic 
caused  by  this  very  defect  of  floating  capital.  The 
banks  are  now  full  of  deposits.  Are  these  accumulations 
of  funds  accessible?  ^'an  borrowers  obtain  them  for 
legitimate  business  parpoaes  and  on  fair  mercantile 
securities? 

This  brings  us  to  our  second  point,  which  is,  in  some 
respeets,  more  important  than  the  first.  Are  the  owners 
of  capiul  willing  to  lend  ?  Is  there  a  healthy  state  of 
credit  in  thin  respect  ?  The  incipient  prosperity  of  busi- 
ness which  we  see  around  us  not  only  answers  this  ques- 
tion in  the  affirmative,  but  it  goes  further.  It  looks  into 
the  future,  and  infers  that  this  state  of  favorable  credit, 
this  ease  of  money,  this  flexible  disposition  of  capitalists 
to  lend  freely  on  mercantile  securities,    will  continue 


45^ 


THE   CHRONICLE. 


[November  13,  1875. 


•without  serious  disturbance  for  soniP  months  at  least. 
It  is  not  a  little  singular  that  in  presence  oif  the  trouble 
which  threatens  some  of  the  money  markets  ofi  Europe, 
and  actually  prevails  in  others,  there  should  be  this 
growing  confidence  in  regard  to  our  own  monetary 
prospects  for  the  early  and  remoter  future;  but  so  it  is. 

Thirdly,  the  mercantile  recuperation  whiah  is  develop- 
ing itself  rests  on  the.  belief  that  the  discussions  of 
Congress  will  not  this  year  be  used,  as  they  have  been  in 
the  past,  to  help  speculation  by,  disturbi^ig  the  ^money 
market,  and  thus  peiplexing  and  embarrassing  the  busi- 
ness of  the  country.  There  are  not  aff^w,  personsiwho 
affirm  that  the  nefarious  clique  o*'  speculators,  who 
attempted  in  former  y^ars  to  gamble  in  Wall  Street  by 
means  of  currency  bills  moved  backwards  and  forwards 
at  Washington,  will  not  do  so  this  year,  but  will  be 
driven  to  some  more  honest  means  of  living.  However 
this  may  be,  it  is  certain  that  the  powers  of  these  men 
for  evil  will  be  much  less  this  year  than  they  have  ever 
been  before. 

These  are  some  of  the  reasons  to  which  the  ease  in 
money  and  the  recuperation  of  business  are  ascribed.  A 
more  important  reason  still  is  perhaps  the  unexcitable 
condition  of  the  public  mind,  which  refuses  to  be  agi- 
tated by  the  most  perplexing  incertitude.  Something  of 
the  same  sort  has  been  noticed  by  the  French  financial 
writers,  who  have  given  it  the  name  of  "  moral  sceptic- 
ism," and  have  frequently  noticed  it  as  prevailing 
in  the  Bourse  at  Paris.  People  there,  as  here,  have 
■become  so  accustomed  to  an  atmosphere  of  uncer- 
tainty that  they  refuse  to  be  agitated  by  circumstances 
and  events  which,  in  another  epoch,  would  have  caused 
an  intense  and  general  excitement,  if  not  a  panic. 
Although,  therefore,  in  reviewing  our  present  and  pros- 
pective financial  situation,  it  is  not  easy  to  see  far  into 
the  future,  still  we  may  safely  expect  that  money  will  be 
easy  during  the  Winter,  and  that  the  course  of  general 
business  does  not  threaten  to  be  much  disturbed  by  any 
troubles  arising  out  of  the  financial  machinery  of  the 
country.  Whether  any  momentary  distusbance  is  likely 
to  be  developed  heie  by  contingencies  arising  out  of 
foreign  financial  movements,  it  is,  of  course,  impossible 
to  foresee.  But  very  few  of  our  financial  men  have  any 
apprehensions  of  such  an  event. 


coNORfiss  km  m  financul  poligt. 

The  nexir  approach  of  the  meeting  of  Congress  has 
already  begun  to  exert  a  sensible  influence  in  the  money 
market.  Two  great  questions  are  expected  to  be  subjects 
of  discussion,  if  not  of  new  legislation,  in  the  coming  ses- 
sion of  the  National  Legislature.  One  of  these  is  the 
funding  of  the  debt,  and  the  other  the  resumption  of 
specie  payments.  As  to  the  funding  of  the  debt,  it  hag 
been  slowly  advancing,  and  a  notable  progress  has  been 
accomplished  during  the  last  year.  To-day  ten  millions 
of  the  five-twenties  fall  due,  and  for  33  millions  more 
calls  are  outstanding  which  have  not  yet  expired.  When 
the  whole  of  these  called  bonds  have  been  paid  off,  there 
will  remain  outstanding  of  the  five-twenties  of  1864  no 
more  than  sixteen  millions,  and  before  the  close  of  the 
year  this  residue  of  the  1864  bonds  will  probahly  be 
called  in.  This  is  a  very  fair  progress  considering  all  the 
circumstances.  Here  and  abroad  it  is  "well  known  that 
the  difliculties  under  which  the  work  of  funding  has 
been  carried  on  during  the  last  two  or  three  years,  have 
much  hindered  the  operations  of  the  Syndicate,  but  it  is 
gratifying  to  find  that  so  much  has  been  actually  accom- 
plished.   Twelve  millions  of  the  new  fives  are  all  that 


now  remain  of  the  five  hundred  millions  authorized  in 
the  law;  and,  as  the  option  of  the  Syndicate  is  to  ex- 
pire next  Monday,  we  have  little  doubt  that  before 
Congress  assembles  Mr.  Bristow  will  be  able  to  announce 
that  the  whole  of  the  fives  have  been  negotiated.  The 
road  will  then  be  clear  for  a  new  departure,  and  there  is 
much  reason  w  b^eve  that  our  progress  will  be  here- 
after more  satisfactory  and  more  rapid.  Under  the 
funding  acts  of  IS^O  and  1871  1,000  millions  of  fours 
Remain  to  be  negotiated,, and  100  millions  of  four  and  a 
half  per  cents.  In  view  of  what  has  been  accomplished 
Ijy  Franoe  in  the  funding  of  her  immense  war  debt  dur- 
ing the  last  three  years,  there  ought  to  be  no  difiiculty 
in  our  negotiating  in  Europe  the  whole  of  these  four  per 
cents  on  advantageous  terms. 

Such  at  least  is  the  opinion  expressed  by  some  of  our 
shrewdest  financial  men,  who  sustain  it  by  several  cogent 
arguments.  They  urge,  for  example,  that  the  danger  of 
currency  inflation  is  now  over  for  some  time  to  come, 
and  that  the  overwhelming  voice  of  the  people  of  the 
United  States,  as  expressed  in  the  late  elections,  has 
completely  swept  away  this  formidable  difiiculty  from 
the  path  of  our  financial  progress.  Next  they  contend 
that  in  Europe  there  are  $3,000,000,000  of  new  capital 
created  every  year,  more  than  half  of  which  seeks  invest- 
ment in  securities  of  one  sort  or  other,  and  that  this  year 
a  larger  amount  than  usual  wiU  be  attracted  towards 
American  securities,  in  consequence  of  the  recent  default 
of  the  Turkish  government  securities  and  the  enormous 
losses  which  these  and  other  defaults  have  inflicted  upon 
capitalists,  investors,  and  speculators,  who  have  been 
ambitious  to  get  8  or  10  per  cent,  for  their  money,  for- 
getting the  cardinal  maxim  of  practical  finance  that 
"  high  interest  implies  a  poor  guarantee  for  the  safety  of 
the  principal,  while  a  low  interest  implies  high  guar- 
antees." These  "  high  guarantees  "  are  more  than  ever 
likely  to  be  sought  by  the  investing  public  in  Europe. 
And,  it  is  argued,  the  four  per  cent,  bonds  of  the  United 
States  may  be  expected  to  command  very  general 
favor  if  properly  introduced  into  the  European  money 
markets  as  the  securities  of  a  government  which  has  not 
only  twice  redeemed  its  pubUc  debt,  but  has  within  a  few 
years  actually  paid  off  more  than  650  millions  of  its 
bonds  and  securities  before  maturity. 

There  is  another  circumstance  which  has  been  referred 
to  as  favorable.  The  new  funding  loan  is  to  help  us  in 
paying  off  old  bonds,  of  which  a  large  proportion  are 
now  in  Europe.  Hence  the  negotiation  of  the  fours  will 
be  a  simple  liquidation  of  one  class  of  bonds  by  another, 
and  it  will  not  impose  so  heavy  a  burden  upon  the 
resources  of  the  foreign  money  markets  as  it  would  do  if 
the  new  bonds  were  likely  to  absorb  new  capital,  and  if 
the  proceeds  were  to  be  carried  out  of  the  country,  as 
have  the  proceeds  of  most  of  the  foreign  securities  nego- 
tiated in  England  during  the  last  five  years. 

There  is  considerable  force  in  most  of  these  argu- 
ments, and  we  do  not  wish  for  a  moment  to  impair 
it.  Bat  those  persons  who  feel  this  force  the  most,  will 
agree  with  us  that  they  are  wholly  unable  to  estimate  its 
value,  except  they  assume  that  Congress  will  do  nothing 
to  impair  the  credit  of  the  government.  It  is  therefore 
of  the  highest  possible  moment  that  if  our  debt  is  to  be 
funded  at  a  lower  rate  of  interert,  and  if  the  policy  of 
negotiating  a  four  per  cent  loan  in  Europe  is  to  be  sue 
cessful,  we  should  refrain  in  Congress  from  the  agitation 
of  wild  schemes  of  finance  which  shake  the  fabric  of  the 
national  credit,  and  which  have  obtained  but  too  much 
favor  in  the  past. 

One  of  the  official  labors  of  Mr,  Bristow  during  the 


November  13,   lb75.] 


THE   OHllONin.F 


453 


current  year  will  be  the  negotiating  of  the  funding 
bonds  and  the  converting  into  them  the  redeemable  five- 
twenties.  When  this  task  is  finished,  and  the  great 
body  of  the  public  debt  is  refunded  at  four  per  cent,  the 
interest  charge,  which  now  imposes  so  heavy  a  burden 
upon  the  industry  of  the  country,  will  be  enormously 
diminished.  Mr.  Chase  expected  to  make  a  large  reduc- 
tion of  interest,  and  Mr.  McCulioch  actually  began  to 
accomplish  this  de«irable  result.  But  he  was  too  much 
engro«8ed  with  other  fisc.il  duties  incident  to  the  man- 
agement of  the  war  debt  to  do  much  in  reviving  Mr. 
Chase's  plans  for  the  refunding  of  the  debt;  and  indeed 
the  time  for  that  achievement  had  not  then  come.  All 
that  Mr.  McCulioch  could  do  in  the  exigencies  which 
surrounded  the  Treasury  was  to  redeem  the  intereat- 
bearing  legal  tenders  and  to  pay  off  part  of  the  principal 
of  the  public  debt,  which,  from  its  highest  point,  2,773 
millions  July  1,  IBM,  fell  to  2,58fl  millions  July  1,  1869, 
and  has  since  been  further  reduced  to  2,1  IB  millions 
to-dmy.  We  have  no  need  to  attempt  any  detailed  or 
elaborate  solution  of  the  question,  how  it  is  that  more 
has  not  been  done  for  funding  or  paying  off  the 
debt  since  1809,  and  who  is  to  blame  for  the  delay. 
This  problem  is  delicate,  complicated,  and  too  broad 
for  our  preeent  limits.  It  is,  however,  too  importsBt  to 
be  left  wholly  without  notice.  And  we  may  be  well 
assured  that  one  part  of  the  difficulty  has  notoriously 
■riaen  from  the  currency  agitation  which,  in  and 
out  of  Congroas,  hu  been  kept  up  almost  without  inter, 
misnon  during  the  last  few  years.  Scarcely  had 
Mr.  McCulioch  paid  off  200  millions  of  the  public  debt 
and  funded  into  long  bonds  an  embatraaaiBg  multitude 
of  short  obligation*,  such  aa  oartiflcaMa  of  indebtcdnesa, 
compound  interest  notes,  one  and  two  year  Bve  per  cent 
legal  tenders,  with  aome  80  millions  of  redundant  green- 
backs, when  there  aroae  a  cry  that  we  could  pay  off  by 
TolnnUry  subacription  the  whole  pablic  debt,  and 
one  of  our  newspapers  printed  day  after  day  oolnmns 
of  names  of  men  who  had  promised  to  give  varioaaaam!i 
towards  the  patriotic  subscription  for  paying  off  the 
war  debt.  Meanwhile  the  intoxication  of  the  war  infla- 
tion began  to  paaa  off,  and  for  the  firat  thne  in  f  848  an 
oat«7  began  acaioat  contraction  of  tba  earrancy. 

From  that  time  the  inflationists  began  their  agiution 
•ganut  raaomption.  Until  now  the  cry  haa  haaa  kept 
■p,  with  Varying  anoceaa,  and  in  thia  agkatioo  we 
have  ona  of  tha  aoat  fruitful  caaaM  of  t^  Mays 
and  waaknass  of  the  funding  operations.  Mr. 
BontweU  te  takiag  0«oa,  llth  Mawh,  IM»,  Mi*edi- 
ataly  revived  the  projtM  of  faading  tha  aadataable 
iI<r».twMtt)«a  at  4  p«-  caM.  Altac  a  oarafal  itxpiky  he 
aatisfied  himself  ih»i  a  foreign  loan  oovld  ba  made,  and 
that  some  30  millions  a  year  could  thereby  be  save<l  in 
interest  alone.  After  about  a  year's  discuwion,  tha  law 
of  Uth  of  July,  1870,  waa  passed,  which  autV--  ^  -hi- 
SecreUry  to  iiisua  1,000  millions  of  fonrs;  to  in 

sellioK  them,  2on  mniion.,  of  fives  were  sanctioned  and 
300  millions  of  four  and  a  half  per  oenta.  The  work  did 
not  go  on  quite  so  swiftly  as  was  atitifliimt«d,  and  C.n- 
greaa,  at  the  instance  of  the  SecreUry,  pa«ed  the  Uw  of 
20th  January,  1871,  authorizing  300  millions  of  five  per 
cents:  making  500  millions  altogether.  Of  these  500 
millions  the  Treasury  has  sold,  in  nearty  six  years,  4R8 
mflhona,  leaTing  12  millions  un/wld  at  present.  Tlie 
four  per  centa  have  not  as  yet  been  offered  to  the  pub- 
ic, and  .t  »  towards  this  imporUnt  part  of  the  funding 
loan  that  the  chief  attention  of  the  poblio  is  now  di- 
rected. As  we  have  said,  however,  the  result  hoped  for 
may  sull  be  indefinitely  delayed.     If  the  negotUUons 


are  to  be  more  successful  in  the  future  than  ia  the  pasf; 
't  is  of  the  highest  moment  that  Congress  should  not 
adopt  any  course  of  action  which  will  be  likely  to  impair 
to  any  degree  the  credit  of  the  government,  for  on  that 
credit  the  prospects  of  our  foreign  funding  loan  \erf 
much  depend. 


■  COl'PON  CLIPPERS." 


The  weakest  of  all  demagogues  are  those  who  attempt 
in  this  country  to  stir  up  ill-will  against  capiulists,  and 
upon  it  hope  to  g.iin  political  success  or  advantage. 

In  parts  of  Europe  such  a  cry  might  force  a  perma- 
nent following.  There  the  distinction  is  marked  ;  it  is 
ea-sily  known  who  the  capitalists  are  and  they  are  the 
few.  But  here  we  are  all  capitalists,  or  soon  hope  to  be; 
and  oar  little  one  bond  that  we  have  stuck  away  in  our 
tin  box  (for  we  early  arrive  at  the  dignity  of  a  tin  box) 
is  just  as  sacred,  as  the  xtaok  of  them  is  to  our  more  for- 
tunate or  unfortunate  neighbor,  and  places  us  iu  the 
Mime  boat  with  him.  Besides,  five  years  henoe  we  expect 
our  one  bond  to  have  become  ten  or  twenty,  or  possibly 
more.  But,  perhaps,  we  have  no  bond  yet  ;  then  it  is 
the  little  house  and  lot  nearly  paid  for,  or  the  business 
enterprise  we  have  ventured  our  all  in  ;  whichever  it  be, 
it  binds  us  firmly  to  law  and  order,  and  makes  our  whole 
nature  revolt  against  such  an  injustice  which,  if  carried 
to  ila  logical  conelnsion,  hiu  tlie  little  cottage  as  well  as 
the  palace,  the  one  bond  aa  well  as  the  twenty.  We  all 
swira  in  the  same  water,  and  the  poison  which  is  imparted 
to  it,  perhaps  to  kill  the  big  fish  only,  kills  the  little  onea 
aa  weD.  Hanee  there  is  a  common  interest  among  the 
large  body  of  ocr  people  binding  them  together,  and 
forcing  tbera  to  resist  any  anti-capitalist  movement.  A 
good  illoatration  of  this  truth  may  be  found  in  the  action 
of  our  Oerraan  population  during  the  fall  elections.  The 
large  majority  of  them  are  men  of  very  small  means — 
perhaps  having  a  few  hundred  dollars  in  a  savings 
bahk,  or  a  little  lot  and  cottage,  or  one  or  two  bonds — 
but  they  belong  to  the  frugal,  saving  class,  and  if  they 
have  one  bond  to-day  it  will  be  two  next  year.  Where 
were  they  fonnd  when  theae  questions  arose  ?  Unitedly, 
again^  even  the  suspicion  of  bad  faith,  fighting  for  a 
sound  mnmry.  And  the  longer  these  questions  are  dis- 
r  iinml,  the  more  eeitain  it  is  that  every  man  who  is 
accumulating,  or  hopes  to  aoonmalate  property,  whether 
ht  be  a  day  laborer,  or  a  mechanic,  or  a  fanner,  or  a 
ttarehant,  or  a  banker,  will  inevitably  gravitate  in  the 
sfette  direction. 

Vdr  is  thi!(  all ; — higher  and  deeper  than  self  interest  is 
ahothte  feeliag  which  inevitably  works  the  failure  and 
marks  the  folly  of  such  a  omsade  ;  and  that  is  the  moral 
»f"n«c  '-'f  th^arerage  American.  Among  us,  thieves  are  a 
<!  iss.    To  be  sure  it  has  of  late  years  been  a 

growing  class  and  has  reached  the  dignity  of  two  grades; 
the  common  thief  and  the  official  thief.  Hut  public 
sentiment  does  not  favor  either.  Nor  is  it  in  sympathy 
with  any  movement  which  seeks  to  harm  any  class,  high 
or  low,  whether  the  attack  is  made  boldly  aa  in  commun- 
ism or  disguised  by  a  more  circuitous  approach.  Henoe^ 
any  party  whose  stock  in  trade  consists  mainly  in  the 
namaa  "  Wall  street  conspirators,"  "  Bloated  capiUlists, ' 
"National  bank  monopolists,"  "Coupon  clippers,"  may 
possibly  at  first  excite  a  considerable  following,  but  that 
foHowing  will  fall  away  with  each  sticceeding  day's 
t1  It  is  a  dishonest  attempt  to  gain  an  end  through 

1  I  ,  against  the  whole  saving  class,  and  carried   to 

ita  logical  conclusion  makes  property  valueless.  We  can 
til  see  this,  whether  what  we  have  accumulated  is  in  a 


AM 


THE   CHRONICU^. 


!  November  13,  1875. 


savings  bank,  or  used  in  securing  a  home,  or  invested  in 
bonds,  one  or  many;  and  seeing  it,  whether  it  directly 
touches  us  or  not,  we  still  recognize  the  dishonesty  of  the 
movement  and  repudiate  it.  Such  being,  as  we  understand 
it,  the  sentiment  of  the  average  American,  a  party  which 
adopts  as  its  principles,  these  or  similar  war  cries,  had 
better  put  on  mourning  at  once. 

But  there  is  still  another  reason  why  no  such  crusade 
can  succeed,  and  that  grows  out  of  the  peculiar  depend- 
ence upon  the  class  attacked,  which  all  among  us  must 
feel.  Capital  is  the  want  of  this  new  land.  We  have 
undeveloped  wealth  on  all  sides  of  us.  Every  State 
needs  its  rich  mines  opened  and  worked,  and  its  rich 
lands  and  general  industries  cultivated;  while  nearly 
every  individual  has  his  little  enterprise  and  the  hope 
and  possibility  of  making  through  it  a  fortune.  Capital, 
however,  is  the  first  necessity,  and  it  comes,  establishing 
the  closest  intimacies  between  sections  most  remote. 
More  is  constantly  wanted,  and  this  has  been  so  since  the 
war  ended,  until  these  "  coupon  clippers"  (meaning,  we 
suppose,  thereby  holders  of  United  States  bonds)  have 
been  largely  changed  into  the  holders  of  Western  and 
Southern  securities.  A  very  small  portion  of  the  obliga- 
tions of  the  United  States  remain  in  this  country ;  the 
money  of  our  "  coupon  clippers"  has  much  of  it  been 
taken  out  of  those  obligations  and  used,  as  already  stated, 
in  developing  the  West  and  South.  And  we  as  a  country 
are  wanting  more  capital,  and  are  seeking  to  draw  it 
from  every  foreign  money  centre.  What  harm  then 
the  success  of  such  a  party  could  do  ?  How  it  would 
frighten  off  the  timid  lender  ?  Our  good  sense  teaches 
us  this  and  forbids  such  success.  The  granger  move- 
ment was  something  of  this  kind.  Its  disintegration 
was  consequentlj  very  rapid;  and  it  would  never  have 
grown  to  the  proportions  it  did,  had  it  not  been  for  real 
grievances  as  its  basis.  There  is  too  general  and  close  a 
union  between  capitalist  and  producer  for  the  latter 
long  to  engage  in  any  effort  which  is  antagonistic  to  tlie 
former. 

We  thus  see  what  elements  of  strength  such  politicians 
tight  against.  Their  opponent  is  not  "  Wall  Street,"  in 
the  sense  they  ignorantly  suppose: — it  is  the  saving 
cla.ss,  the  large  majority  of  every  State,  united  by  self- 
interest,  the  strongest  of  all  ties;  it  is  the  high  moral 
sense  which  pervades  the  land;  it  is  the  necessity  of  tlie 
country  and  every  section  of  it  for  capital,  and  the 
knowledge  that  the  success  of  such  senseless,  shameless 
appeals  will  frighten  it  away.  Wall  Street — the  actual 
Wall  Street  as  it  is — has  a  double  existence.  In  its  lower 
life  it  is  a  place  where,  the  too  confiding  youth  loses  his 
money,  and  nine  Out  of  every  ten  of  that  moving  mass  is 
more  likely  to  be  short  of  something  than  the  real  posses- 
sor of  a  coupon  bond.  But  there  is  a  Wall  Street — apart 
from  this  mere  speculative  side — the  embodiment  of  ihe 
principles  of  financial  honor,  which  may  be  very  properly 
taken  as  the  representative  of  the  saving,  conservative 
class  of  the  whole  country.  As  such,  let  the  appellation 
given  by  these  crusaders  stand,  a  good  type  of  the  true 
men  in  the  land,  the  Nation's  guaranty  of  good  faith. 


BAILSOAD  EARNINGS  IN  OCTOBER,  AND  FBODI  JANUARY  1  TO 
NOVEMBER  1. 
The  principal  increase  in  earnings  in  October,  1875,  as 
compared  with  the  same  mouth  of  1874,  is  shown  by  the 
Central  Pacific  and  the  St.  Louis  Iron  Mountain  & 
Southern  roads.  The  earnings  of  Union  Pacific  for  Oct. 
are  not  furnished.  Several  prominent  roads  report  their 
corrected  earnings  for  Sept.,  as  shown  in  the  statements 


given  below.  The  Ohio  &  Mississippi  earnings  have  been 
published  for  the  four  months  ending  Oct.  31, 1875,  from 
which  the  earnings  for  the  past  ten  months  of  the  year 
have  been  compiled  in  the  table  below. 

There  are  too  few  reports  to  form  any  estimate  of  the 
earnings  of  trunk  lines  to  the  west ;  the  increased  rates 
went  into  effect  Nov.  1,  and  from  that  date  forward  it  is 
supposed  that  the  net  earnings  of  the  principal  trunk 
lines  will  show  a  material  improvement,  so  long  as  they 
abide  by  their  mutual  agreement  with  each  other  on 
freight  and  passenger  rates.  While  the  public  will  be 
reasonable  and  accept  such  an  advance  as  will  enable  the 
roads  to  earn  a  fair  compensation,  they  will  not  tolerate 
any  extravagant  prices  in  the  present  dull  times,  and 
there  is  little  fear  that  the  railroad  managers  will  be  so 
unwise  as  to  undertake,  on  the  close  of  navigation,  to 
impose  any  extraordinary  rates  for  freight  or  passenger 
transportation. 

The  movement  at  the  Stock  Exchange  to  compel  com 
panics  whose  securities  are  there  dealt  in  to  furnish 
statements  of  their  earnings  and  expenses,  meets  with 
general  approval.  The  Committee  on  Stock  List,  to 
which  applications  to  have  securities  placed  on  the  list 
are  addressed,  have  drawn  up  a  form  of  agreement  which 
each  company  making  application  for  its  securities  must 
sign.  This  agreement  requires  the  officers  of  the  com- 
pany to  furnish  a  statement  of  earnings  and  expenses  at 
stated  times,  and  such  other  information  as  the  Govern- 
ing Committee  may  deem  desirable. 


RAILROAD    EARNINGS  IN  OCTOBER. 

1875.  1874.        Incresee. 

Central  Paclflc $1,606,000  $1,465,515  $140,485 

Cln.,  Lafayette*  Chicago*....          88,865  34,101             

Iljinois  Central 841,432  83S,307  3,125 

Indianan.  Bloom.  &  Went 131,165  146,958            

Intcrratioiial&Gt.  Northern*         !)7,«66  93,000  4,966 

Kansas  I'aciflc 3.56,146  358,166 

Keoknk  &  Des  Moines 74,423  71,116  3,107 

Mo.  Kansas  &  Texas 313,374  813,533            

81.  L,  Alton  JfcT.H.  (tranches)         66,467  65^00            

St  Lonis.  Iron  Mt.  &  Southern       .384.730  S57.8S0  26,910 

St.  L.  Kans   City  &  Northern.        26;,240  2'<8,10B            

St.  Louis  &  Southeastern*  ....         76,183  96,088            

Total $4,229,076 

Ket  increase 


Decrease. 

S 

S,33« 


15,493 
'  3,040 


$4,118,503 


$178,593 
110,568 


159 
9,3SS 

14^866 
19,898 

$68,0») 


1,445 


•  Three  wcelcs  only  of  October  in  each  year. 

SROSS    KABNINBS    FROM    JAHUABT    1  TO  OCTOBER  31. 

1875.                1874.  Increase.    Decrease. 

Central  Pacific $14,086,183     $11,770,714  $3,315,469         $■-•■■. 

Cin.,  Lafayette  &  ChicaRO*..         318,083  362,164  44,081 

lUiuois  Central 6,460,593  6,55M42  31?? 

Indianap.  Bloom.  &  West 1,038,195         1,392,411  3S4,2ie 

International  &  Gt.  Northern*         919.063            916,183  2,880           ...^^ 

KansaaPacmc 2,711,-349         2,78.3,349  53,000 

Keokuk  &  Des  Moines  686,5.35            571,903  114,630           •■•••. 

Mo.  Kansas  &  Texas *.3Sd,217         2,612,570  r'12S* 

Ohio  &  Mississippi    8,53!M0I         2,70i,.370  163,269 

SLL.,  Alton  &  T.H.Cbranches;        458,159            459,604  .,... 

St.Lonis,  Iron  Mt.&  Southern      2,873,454         2,657.024  316,40.1 

St  Lonis  Kan.  City*  Northern      2,139.966         2,083,834  56,082             ..... 

St.  Lonis*  South  Eastern*...         784,387         1,017,391     ■     ...    234,504 

Total $.37,353,755     $!5,760,911  $2,80M61    $1,212,617 

Netincrease 1,592,844  

•  Tliree  weelis  only  of  October  ia  each  year. 

The  following  companies  have  recently  reported  their 
earnings  for  September: 

GROSS  EARNINGS  IN    SEPTEMBER. 

1875.             1874.  Increase.    Decrease. 

AUantic  &  Great  Western $419,623        $416,323  $3,300         $ 

Geontia 103,480  9l,a5 

HonstonJbTexaa  Central.      .         293,761  254,533 

MlcliiRan  Central 620.814  687.nB 

Mobile*  Ohio 149,821  155,202 

Philadelphia  &  Erie 344.047  3M,150 

at.  P.  «  S.  C.  &  8.  C.  *  bt  P .  77..306  86,743 

ToUl". $2,008,851      $2^50,909  $59,850          «81,70E 

Net  decrease ■■•_-.•           $22,068 


9,225 
89,228 


r,897 


66.889 
5,381 


9,438 


eaoaa  earnimob  fbom  januart  1  to  esrTXHBER  30. 

1875.              1874.         Increase.  Decrease. 

Mobile*  Ohio $1,148,180      $MA167         $ t*?'-?!! 

8t.P.  *S.  City&8.  C.&St.P       533,194           603,939            70,795 

The  net  earnings  of  the  Philadelphia  <fc  Erie  Railroad 
for  the  month  of  September,  1875,  were  $148,150, 
against  1)129,347  in  September,  1874,  being  an  increase 
ot  111 8,803;  for  the  nine  months  ended  September  30, 
the  net  earnings  were  $775,366,  against  $677,388  for  the 
corresponding  period  of  last  year,  showing  an  increase  of 
$97,978.  The  net  earnings  of  the  Georgia  Railroad  for 
September,  1875,  were  $54,880,  against  $22,819  in  Sep- 
tember, 1874,  an  increase  of  $32,061. 


November  13,  1676  J 


THE   CHBONICLE. 


455 


Below  we  give  a  statement  of  the  earnings  and 
tfpenses  of  the  Houston  A  Texaa  Central  Railroad  for 
the  month  of  September,  1875  and  1874: 

". " ;;.;;.'.v.;.v.v.v.:;:::.""  »£«         >«•»» 


Onm—niagt. 


Net-mi-C..../ »>««•>»  *>"•** 

In  the  subjoined  statement  are  shown  the  receipts  an.l 
expenses  of  the  Mobile  Jfc  Ohio  Railroad  for  the  month 
of  September,  1875  and  1874: 

IIS;::..::;".. ■..■.::.::::.::..::::i;.i:: .:  iSgwo*        'mjmos 

tas,tiT«i 


ts^si  er 

The  following  were  the  eaminga  of  the  Ohio  &  Mis 
sisRippi  Railway,  as  officially  reported,  for  four  months, 
June  to  October  31,  1875 

(LaM  tnittfen  (orm«rt7  Inclodad) 
LaM  c 


I  ofuntiat  opciWM. 


»«pln. HBMMM 

The  earnings  and  expenses  of  the  Michigan   Central 
Railroad  for  September,  1875,  were  as  follows  : 

ofOMMrBiad •:::::•:•:::.•.;;.•.•..•.•.■.■..•.•.■.■.■.:  •iS^  3 


VH inMw  70 

The  following  is  an  official  statement  of  the  earnings 
and  cxpeaaM  of  Uto  Union  Pacific  Railroad  for  the 
month  of  September 


lai*. 
wn. 


OroM 

brnlut. 

,  «l.Ua.MI« 


Under  these  circuiBBtances  tin,  which  two  Tears  ago  was  £140 
per  too,  declined  to  £77  this  summer;  but  from  that  point  it 
gradaallj  recovered  in  value,  until  about  a  month  ago  touchine^ 
£38;  afterwards  it  again  receded  to  £!M,  from  which  fiffure  it  la 
now  once  more  advancing  rapidly  at  London,  in  response  to  the 
events  Koing  on  in  Malacca. 

Ws  are  non-producers  of  the  metal,  but  large  oonsumers,  and  a 
rise  9t  note  would  inflnenee  the  value  of  tin  plates,  which  we 
nae  in  larg«  quantities.  The  events  oocuring  in  Malacca,  there- 
fore— one  of  the  principal  tin-producing  eonntriee — are  of  direct 
interest  to  consumers  here,  and  this  interest  would  be  very  con- 
siderably Increased  should  these  troubles  bring  about  a  protracted 
diminished  supply. 


Cateat  fnouetorg  anb  Commercial  (fnglial)  Nrroi 


BATB9  Otf  8V0HANOB  AT  L0!«00?(.  AND  ON  LONIlON 
AT  liATBaT  OATBS. 


■xchahgi  at  londoh— 

OCTOBKB0. 


KxpsoM*. 
(4rf  8WM 

as.ift)u 


KM 

l»rTitni.-». 

•MLSU  90  I  y,^,^ 


L«M  H  9n.S»  M 


t«t.«l  St  tM.«*  H 

Barainga  of  the  Sontbem  Pacific  Railroad  of  California 
for  October  were  •184,600  gold. 


TIE  IBTOLT  IS  lUiCCA  kH9  Til  W  IIIIKT. 

Daring  the  week  several  teleirrams  have  bsaa  received  frocn 
I»adoa  to  the  effect  that  the  Malay  popaUUoA  of  the  StnUU  iiet 
tieaeau  lisve  rlsea  la  revolt  against  ihe  British  aovenMasMt. 

The  PFOinaula  of  Malacca  forma  the  soatbem  taraolaas  of  the 
eoetiiMnt  ot  Asia,  with  which  an  tathmos  ooooeeta  It  at  the  north- 
while  toward  the  east  it  la  sorroaoded  by  the  Chlaa  Sea,  and 
toward  the  west  by  the  Indian  Ocean.  The  British  possnss  three 
sattlsasBia  on  It,  Malaoes,  tbs  Urgsrt,  foroMrly  beloagiAg  to  the 
Dnlsb,  Peoaog  ssd  Singapore.  There  are  fartbennore  several 
semi  iDdepeDdeol  principalities  near,  Ihs  sovereigns  of  which  are 
mainlaiosd  by  British  residents,  attended  by  troops.  Perak  Is  the 
largest  and  most  lofloeollal  principality,  and  there  the  tmuble 
originated  by  the  marder  of  Mr.  BIreb.  the  Cloister  Resident. 
The  sses  sal  nation  took  place.  It  would  seeoi,  with  the  knowledge 
and  eoaaant  of  all  the  remaining  imjabs  or  prineas. 

Fortnnataly,  the  apprehension  of  war  wita  China  was  the  cause 
of  a  eoncsntmloa  ol  troops  si  Hong  K«og.  sad  thsae  have  lM>en 
tolsfiaphsd  for,  to  join  the  Insundeat  foiesa  oa  the  spot;  the 
cable  tells  as  that  a  lellgiona  war  is  feared.  Th*  rsfMOS  of  Brit- 
ish India  wss  pabllshed  a  month  or  two  ago ;  assording  to  it  there 
U  a  pepnistlon  of  tK^MJKH  soaU,  40,760,000  being  Mahometaoa, 
and  bat  330,000  Barapsaa  ChiUtians.  Of  all  the  sabjsets  enum- 
erated above,  Ihe  Mahometans  are  the  least  loyal,  and  the  people 
now  In  revolt  belong  to  that  religion. 

The  Peoissnla  of  Malacca  is  one  of  tho  laost  fertils  regions  of 
the  East.  Its  shipmsata  are  principally  fma  BIngspors  and  Pe- 
naag,  the  most  Important  being  (in,  of  which  this  year  ap  u>  the 
miildl*  of  Sept.  tksro  were  exported  to  Kngland,  the  Unlteo  States 
aad  other  eoonUlaa,  7.133  tons.  Tlie  total  proJuctloa  of  tin  In  all 
coanlrles  during  the  past  throe  years  has  been  as  follows  : 

or  ra. 

m*.        iru.       is». 

taae.  MlSIQ         S^tM 

MM        um 

tMs       i^tai 


A  aamp 


the 


«.ias 


*.7M 


Total n,jn 

This  ywr.  whlls  Aasiralla  was  expected  to  show  a  dserease  sf 
pfodostloa  hesasss  of  ths  proliaeted  drooght,  Malacca,  It  will  be 
sasa,  la  tbns  fat  ahead  of  1m(  ysar.  The  sUefc  in  Europe  Jaoa- 
ary  1, 1878,  was  larg*— 8;n7  tons,  and  In  this  eoantry  000.  to- 
gether Sjm  tons— bat  the  deliveries  have  bsea  on  *n  nniually 
libsfnl  scale,  the  world's  eoasamption  this  ysar  beia^  estimated 
at  HSOO  lens,  against  28,500  In  1874, 2«,000  fa  1873.  and  27,000 
lal8T3. 


K.  10  &-lSlL 

»..Tk<«. 

*:  1H<<. 

it.  IMd. 

U.  IJid. 

MM 


irraa  ear  own  eoneapeodsnH 

LoaoOH.  Batardar,  Oct.  80, 1875. 
plete  change  has  come  over  the  money  market  during 
,  aad  all  apprehensions  regarding  a  fotaher  advance  in 
1  minimum  have  disappeared.  •  The  demand  for  gold  on 

at  of  the  Uarman  Mint  has  perceptibly  abated  ;  Indeed,  there 
isaowreucely  any  Inquiry  on  that  srconnt.while  for  other  quarters 
TOty  Isw  traasaetlooa  have  been  recoried.  It  la  well  known  that 
IhsfsesBt  upward  movement  in  the  valae  o<  money  was  inaugu- 
latsA  aad  foatered  by  exports  ot  gold  to  Qermany  and  South 
AaMTica,  bat  now  that  tbeee  have  tallan  off  eocslderably,  the 
niniity  market  baa  loat  Its  flrmaess,  aad  the  outiide  rates  of 
dtseonnt  are  mucii  below  thoee  currant  at  the  Bank  of  England. 
Tkass  has.  however,  been  no  belief  la  ths  maintenance  ol  even  a 
foorpsreeat.  lau  of  diseoant.  It  waa  probable,  if  not  certain, 
ttet  U  tha  daaiaad  for  gold  for  Oermany  eontiaaed  the  Bank  rats 
woold  have  been  raised  to  Qve  or  even  six  per  cent.,  but  as  soon 
ss  tha  Ocrtnan  Mint  had  procured  the  sappliea  It  retjulred.  It  was 
clear  that  our  money  market  would  relapae  into  a  very  stagaant 
eoaditioa.  as  no  support  would  be  given  to  it  by  the  mereantlle 
community.  The  cessation  of  the  Uerman  and  South  American 
demand  lor  gold,  and  the  abeenoe  of  a  commorcial  Inquiry  for 
nimtj,  lllfflii  Ibis  week  caused  the  rates  ol  discount  to  decline 
rapidly,  sa-*,  in  the  open  msrket.  the  best  bills  are  now  taken  at 
COS  per  cent,  onder  the  official  minimum,  or  at  three  per  cent. 
Ualsss  there  slwuld  be  a  rerlval  ■>f  the  export  Inquiry  for  gold, 
tha  qaesUon  ol  a  reduction  in  the  Bcnk  rate  will  b<!  discussed,  as 
It  will  be  Impossible  for  ths  Bank  of  England  to  procure  much 
when  It  Is  underbid  to  so  importsnt  an  extent  by   the 

Barkst.  The  antumnal  demand  for  money  this  year  has  not 
appsaied  la  anything  like  its  usual  strength.  Usually,  we  have 
a  strong  Inqnlry  during  the  month  of  October;  but  this  year, 
owing  to  the  extreme  quietnets  oi  trade,  and  to  the  absence  of 
flaandal  enterprise,  the  demand  has  been  much  below  the 
average,  and  hence  the  ratea  of  distant  fail  away  as  soon 
as  the  export  movement  In  gold  ceases.  In  fact,  aince  the 
pnson  of  1871,  onr  money  market  has  been  influenced  almost 
eatinly,  if  cot  quite,  by  the  demand  for  gold,  for  had 
It  not  been  for  this,  we  sboold  havu  had  a  long  period 
of  Tsry  cheap  money.    The   nnmerous  brief  panics  we  have 


456 


THE   CHRONICLE 


[Nov;mber  J  3,  1875 


bad,  'vbe  commercial  nnd  fioaocial  scandals,  together  with  the 
TurkisU  repudiatioQ  nnd  the  losses  i;jcarred  b/  the  public  on  tlie 
Hmiduras,  Ooata  Rica  aud  Paraguay  loans  h'ive,  it  is  well  known, 
can'<ed  much  timidit/  to  prevail,  and  hence  extreme  caution  ex- 
ists in  everj  department  of  business.  There  are  great  jumplaints 
about  the  ctate  of  trade,  for  the  losses  which  have  been  sustained 
necessitate  preat  economies,  and  as  these  losses  will  be  felt  severe 
ly  for  some  time  to  come,  the  putilic  generally  will  be  very  care- 
ful in  the  distribution  of  their  incomes.  As  regards  invetfimentB, 
the  public,  before  investing,  must  be  thoroughly  convinced  of 
their  soundness,  and  hence  stocks  of  acknowledged  soundness 
continue  to  advance  in  price.  Every  security  that  is  sound  is 
daily  improving  in  value;  and  when  any  colonial  loan  is  intro 
duced  on  this  market,  it  is  rapidly  taken  up  at  prices  whicli  do 
not  yieM  more  than  4  to  4^  per  cent,  interest  per  annum.  The 
Canada  loan,  to  which  I  referred  last  week,  was  subscribed  many 
times  over.  The  amount  was  for  £2.500,000,  £1,500,000  of  which 
was  guaranteed  by  the  Imperial  {rovernment ;  but  although  £1,. 
000,000  enjoyed  only  a  colonial  guarantee,  and  the  rate  of  interest 
was  only  4  per  cent,  per  annum,  the  agents  here  were  able  to 
close  for  the  whole  amount  without  accepting  tenders  below 
£98  15s  per  £100  stock.  The  tenders  varied  from  £98  15s.  to  £99 
and  upwards.  lu  this  case,  therefore,  the  interest  obtained  over 
4  per  cent  is  scarcely  worth  talking  about. 

The  supply  ot  money  seeking  employment  is  considerably  in 
excess  of  the  demand,  and  the  rates  of  discount  are  now  as  under  '• 

rercent.  |  Per  cent. 

4     I     4  months' bank  bills SXgSif 

6  months' bank  bills 3^@3)J 

3  4  and  flmontha' trade  bills.  3>i@4>t 


Bank  rate 

Open-market  rates : 

aOandeOdi/s'  bills. 

8  montas'  bills 


Mule    yarn    fair    second    quality, 
House   return,  compared  with   the 


The   rates  of  interest   allowed   by   the   Joiut-siocK  banks  and 
discount  houses  for  deposits  are  now  as  under : 

Per  cent 

Joint-stock  banks 8X@  ... 

DiscoonthouBeBatcall 2>4(a.... 

Discoant  boaaes  with?  days' notice 3    @.... 

Diacoant  hoases  with  14  days' notice...   ^ 3    @.  .. 

Annexed  is  a  statement  showing  the  present  position  of  the  Bank 

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

the  average  iiuotation  for  English  wheat,  the  price  of    Middling 

Upland    cotton,    of    No.    40 

and    the    Bankers'    Clearing 

previous  four  years  : 

1871. 
Olrcmatiou,  iQCluding       £ 

bank  post  t>ill8 28.081,693 

Public  deposits 4,5!)9.0I)S 

Other  depoaila 23.294)1 39 

liovernment  aecurities.  :5,0ul,0'^8 

Other  accaritiea 19.051,219 

Roaerve   of  notes  and 

coin 12,054,383 

Com    and  bullion    ic 

liotii  departments 22,512  363 

Bank-rate D  p.  c 

Consols 8,3>i 

English  wheat Stis.  7a 

Mid.  Upland  cot^toD     ..  9>id. 

No.40maleyarnfair  2d 

quality , Is.  mi 


1872. 

£ 

26.409.9(16 

6,;a-.i,:;77 

18.85'',153 
13,256,516 
21,451,891 


1873. 
£ 
26.444,065 
4,218.096 
lg,28-i,n.j 
11,939,3^0 
30,295,712 


1874. 
£ 
27,t26.B20 
3,Kln,3B6 
21,091, :74 
14,0ll,8.'i2 
19,11-1.406 


a     „  ,^  "OLD.  «.    d.       a.  d. 

garOold  per  oz.  standard      77  10    @  ... 

BaiQold,ane per  oz.  standard.    77  10    @  ....    j 

Ba/ Gold,  reflnable per  oz.  standard:    77  11X3-... 

Spanish  Doubloona per  oz.      &  .... 

ftoatb  American  Doubloons per  oz  & 

United Sta'.ea  Gold  Coin  per  oz.'      .'.'.'.'    ©!.'!. 

siLVSR.  a.    d.'       a.    d. 

Bar  Silver,  Fine peroz.atandard,  nearest.    67  & 

Bar  Silver,  con'ng  S  Kra.  Gold per  o/.  aiandard.    67  7-16® 

Mexican  Dollars per  oz..  last  price.    65  9-18  m    ... 

SpanlKh  Dollars  (Carolue) per  oz.  none  here.  a 

five  Pranr  Pieres  per  oz.     .  ..       <a 

Quicksilver,  £12  158.a£13  13«.  per  bottle.  DUcount,  8  percent. 
In  the  Stock  Exchange  a  firm  tone  has  prevailed.  British  rail- 
way shares  were  advancing  in  price  during  the  early  part  of  the 
week,  but  Intely  the  quotations  have  slightly  declined,  a  desire 
having  been  shown  to  secure  profits.  The  foreign  market  has 
been  more  settled,  and  Ej^yptian  Government  securities,  owing 
to  the  statement  thiit  the  Khedive  has  determined  upon  slopping 
the  construction  of  public  works  and  restoring  his  finances  to  a 
sound  basis,  have  experienced  a  marked  improvement.  Turkish 
stocks  are  firmer,  but  there  is  much  uncertainly  existing  with  re- 
gard to  them.  Meetings  have  been  held  at  the  offices  of  the 
Council  ot  Foreign  Bondholders  on  each  day  of  the  week,  and 
committees  have  been  appointed  to  represent  to  the  Sultan  the 
special  claims  of  each  section  of  bondholders,  but  with  a  view 
also  of  working  for  the  general  interests.  It  is  evident,  however, 
that  Turkey  can  no  longer  pay  such  high  rates  o!  interest,  and 
although  it  is  believed  that  there  will  be  some  modification  of 
the  present  decree,  yet  it  will  not  be  sufBciently  important  to  im- 
prove the  position  of  Turkish  bondholders.  Peruvian  stocks 
have  been  dull, notwithstanding  that  the  new  contract  with  Paris 
financial  houses,  by  which  the  payment  of  three  half-yearly  cou- 
pons is  guaranteed,  has  been  signed.  French  and  Italian  Gov- 
ernment stocks  are  firm,  but  United  States  degcriptions  exhibit 
no  material  alteration.  The  Erie  market  has  improved,  and 
prices  exhibit  a  moderate  advance  compared  with  Saturday  last. 
The  closing  prices  of  Consols  and  the  principal  American  securi- 
ties to-day,  compared  with  those  ot  Saturday  last,  were  as  under: 

Oct.  .30  Oct.  23. 

9H»@  9l«       9()^@  91;,' 
I09\@n0>i     109><i@110>4 


1875. 
£ 
•J8.H63,364  ' 
3.5()K.30.') 
21  8«6  180  , 
13.191.1195  " 
19,69i.t)23 


9.053,958      S.455.447      9,595.6.6    10.641,171 


20,013,823 

6  p.  c. 

92X 

678.  Ud. 

9  13-lSd. 

U.  S>^d 


19,452,212 
7  p.  c. 
92« 
60.<    Id. 

Is.  l!<d, 
93.367,000 


21,34I,:)81 

4  p.  c. 

i)2«. 

4  is    Id. 

IHd 

la.  0>f  d. 
83,428.000 


23,9f7,001 

4  1'.  f, 

943i. 

46s.  &i. 

*7  1-16(1. 

•loj^a. 

82.0U,0UU 


Bedm 

Contois 

United  States,  68 1381 

Do       6a 1884 

Do       6s 1885 

Do       6« 1886 

a.  S.  1867,»371.846,350  iaa.  to  Feb.  27,'69,  68...  .1887 

Do       58 1874 

Do  funded,  5a I88I 

Do  lO-JO.  58  1904 

Louisiana,  old,  6a 

Do        new,  69 ........     . 

Do        levee,  8s 

Do  do    8s 1875 

Do  do    6b 

Massachusetts  58 1888 

Do  5s 1894 

Do  66 IPOO 

Do  59 1889 

Do  6s ..  1891 

Do  6e 1891 

Do  68,  scrip  aud  bonds 1895 

Virginia  stock  e^i* 

Do  New  fundeJ  6s 1905 


103>4@104 
105    ®  07 
lOS     iai08>i 
..  @  .... 
103>«@in4 
104i«@105 


10:;jii@103Ji 
10.1    @107 

.-  @  ... 

ir3ii:ai03ji 

:04>4@105 


26 
25 

101 
103 
103 
103 
103 
103 
103 
35 
57 


AUKRICAN   DOL1.AR  BONDS   AND  SHARKS. 


®  35 

@  35 
©103 
@:05 
@I05 
©ms 
®ir-6 

@106 
@105 
@  40 
@  59 


25 
25 
101 
lt)3 

m3 

103 
103 
103 
103 
35 
67 


®  35 
@  35 
®103 
(ai05 
®105 
©105 
@105 

tl05 
;05 
&  40 
®  59 


Clearing  "-iiae  return  110,607,000  in,l(i«,U00 

*  Prlics  October  21. 

The  Bank  return  published  this  week  shows  principally  that 
the  directors  have  borrowed  about  £3,000,000  on  stock,  with  a  view 
to  give  stringency  to  the  open  mnrket  and  to  enable  them  to  retain 
a  fair  share  of  the  discount  business  in  progress.  In  tlii.s, 
however,  they  have  failed  to  succeed,  as  the  rates  of  discount 
given  above  indicate.  The  proportion  of  reserve  to  liabilities 
which  was  last  wtek  361  per  cent,  is  now  rather  more  than  41- 
per  cent. 

The  rates  of  discount  at  the  leading  cities  abroad  are  as  fol- 
lows : 


Paris 

Amsterdam 

BimbarK 

Berlin 

Praukfurt 

Vienna  and  Trieate.. . , 
Madrid,  Cadiz  and  Bar 

culona ... 

Lisbon  and  Oporto . . . 
Si.  PeteraburjE 


Bank  0;ien 

rale,  market 
per  ceul.  percent.  ( 

4      "     

3 

&H 

....       6         5X 

6         6X 

*H     4>» 


Bank  OpeL 

rale,  markit 
.  -         ,                                    per  ceiii .  per  cei  t 

25<®3J<  I  Brussels 4>i       4 

3  I  Turin,   Florence    and 

I     Kume 5  4j|^ 

I  Leipzig fl  5>< 

I  Genoa... 5  ^^ 

I  Geueva 6  5 

I  New  YorU ,        6X@7 

6         6®8       Calontla Bi<  

4      S>«®3X  f  Ciipeiihajzen.     ....        6  

6H      6X       I  CoustantluoDle lU  .  .. 


The  demand  for  gold  for  export  has,  as  stated  above,  fallen  off 
but  there  is  still  some  inquiry,  although  the  market  closes  with  a 
quiet  appearance.  £694,930  is  due  from  Australia  en  M'  nday 
The  bar  gold  will  probably  be  sent  away,  but  £431,000  in  sove. 
reigns  will  be  forwarded  to  the  Bank.  The  demand  for  silver  for 
India  has  subsided,  but  there  is  a  moderate  inquiry  for  the  Con. 
tinent.  Mexican  dollars  are  unaltered  in  value.  Annexed  are 
the  quotationa : 


Atlantic  &  Great  Western  Ist  M,,  $1,000,  7b... 1902 
Do  2d  mort,  }il.(i00,78..1902 

Do  -Sd  mort.,  $1,000 1902 

Atlantic  Missis  ippi  &  Ohiii,  Uon.  mort.,  78 1905 

Baltimore  &  Potomac  (Main  Line)  Ist  m-'rl,  69.(911 
do  (Tunnel  1  Isl  inortgige.  6s, 

(guar.  b,v  Pennsylvania  &No.  Cent.Railway)  19: 1 

Oei  iral  nf  N»;w  .lersey.  cnni*.  mort..  78 1899 

Central  Pacific  of  California,  Ist  mort.,  6b 1896 

Do  California  &  Oregon   Uiv.,  Ist 

mortgage  gold  bonds.  Hs 1892 

Detroit  <fc  Milwaukee  1st  mortgage,  7*» 1875 

Do  2d  mortgage,  89 .1876 

Erie  1100  shares 

Do  pref^-rence,  79 

Do  c<inveltit>'e  gold  bonds.  79 1904 

Galveston  &  Harrishurg,  1st  mortgage,  69 1911 

Illinois  Central.  $10(1  shares 

l.ehl  h  Valle  .  consolidated  mortgage,  68 1923 

Marietta  <fc  Cincinnati  flailway.  7s 1891 

Ulsaitnri  Kansai*  &  Texaa,  l.-t  mort.,  guar,  gold 

bonds.  English,  7s 19114 

New  York  Boston  &  Mom  real,  79 1903 

r^ew  York  Central  &  Hudson  River  mortg.  bonds.. 

New  York  Central  $100  shares 

Oregon  ifcCalifoinia,  Ist  mort,  78    1890 

do       Fra'ikfort    ommit'e  Receipts,  x  coup, 
Penns^ '       '~   *""^  '^ 


@29 
12    @  14 

30    @  40 

87  @  89 

88  ©  90 
9fX&  97X 
94     ©  96 

87    ®  89 

35  ©  45 

36  @  46 
15X®  16 
81  ©  :J3 
45  @  47 
6.)  @  75 
83  @  86 
89)^©  'Mi4 
99     ©lOl 

42    ©  46 
....&       . 

i07)i©ii;8>i 

93     @  91 

23  ©  21 

24  ©  -26 


27     @  29 
12    ©  14 
SX@     6>tf 
30    @  40 
®  b9 


87 


®  90 
®  97 
©  96 

®  91 
@  45 
©  45 


15M©  15X 


sj'lvania,  $.50  shares  45 !i®  46}i 

Do.           Ist  mori.,  68 J880  ...  @  .... 

Philadelphia  &  Reading  $50  shares 49><a  50>if 

Pitlshuri!  Port   Wayne  &  Chicago  equipment 

bonds  (guar,  by  Pennsylvania  Co.).  8s 101    ©103 

Union  Pacific  Land  Gram  l9i  mort,  78 1889  87    ©69 

Union  Pacific  Railway,  1st  morti^age,  6'8 18»rt  92    (a  94 

AUERICAN   STERLING  BONDS. 

Allegheny  Vallev.  guar,  by  Poiiii,  R'y  Co 1910  8fiJS  3  89M 

Atlantic  &  Gt.  Western  consol.  mort.,  BiacholT. 

cert8.(a).79 1890  6    ®    7 

AilanticJfc  Gt.  W,,  reorganization  Fcrip,  79... 1874      ®     ... 

Do.           do.       leased  lines  rental  trust,  7s. 1902  40    ©45 

Do           do.                     do.               1873, 7s. 1903  18    @  22 

Do.           do.       Western  exten.,  8a 1876  30    @  35 

Do.           do.                  do  78,  guar,  by  Erie  R'y.  30    ©  40 

Balllmoie  &  Ohio,  88 1895  108    @I09 

Do                6s ....1902  108    ©109 

Do.              fiB 1910  110    ©ill 

Burlington  Cedar  Rapids  &  Mlnneeota,  7a 1902      © 

Cairo  &  Vinceunes,  7» 1909  SO    ©40 

Chicago  &  Alton  slerling  consgl.  mort,  Bs l?03  103X@104X 

*  £S  6  coupons,  January,  187S,  to  July,  1874,  mclnilve. 


32 
46 
65 
79 
89 
99 

42 

167' 
91 
25 
2: 


34 
©  48 
©  75 
©81 

©  no 

®101 

©  46 
,®  ... 
@:08 
©  93 
@  " 
®  2« 


46>^,'a  46>f 
....&  ... 
60    ®  51 


101 
87 
92 


@10« 
©  89 
®  94 


88X®  e9}i 
i    &    t 


40 
IS 
30 
.30 
lOS 
108 
110 

.3.5' 


©  45 
®  22 
©  35 
©  40 
©109 
©109 
©111 
©  .... 
®  45 


103}imOiH 


NoTem'er  13,  1875] 


THE   CHRONICLE 


457 


OcL 


Bedn. 
■  *MBeilKMBiift.nUboi>d«,Ti...iM«     T5 

I  mt,  0».«»»«fc  On.  M  led.  con.  port U 

BMtara  BUIwaj  ur  KoMduiMiu,  b    tSK  lUO 

jM«eaa*«rtibl«haad«,  «• ISJS     70 

'LBOit.fureoaT.  or«xi«an|tboi>da,Tt.lWO     T* 

*4B0rC1« UHM     S0 

s=-r"g-!?«^  A»pri««fl«ld  III  nort'Kindli;:;  IMW     M 

unjMMSSLLiali  Brtds«  !M  aurLIk IWO  •■ 

«.?•■.    _  *^  «dnwtt^T» a 

IUlmi«fO«aUml.tiiiUBcfud.  to mt  tsw 

^"^  00  Ctfi  ......  1096  IM 

ntlBMl*  MlaAnarl  ATaiM  litmorLT*  ~.  '.        18 1| 

LebiKfe  Vul^TOMi-oL  Biin.  '-A,"  <• IdBu 

L.M.I..m.  »>|«b,iu«.  «« ii,;j  J{J^ 

Mnopai*  AOIilo  Ut  iu»n.7<    1901  M 

llllw*ukr«*Si.  Paul,  lit  mart.  7* "iKM  tt 

K«w  Turk  A  Cuid<  Kw.y  (aw.  by  lb*  Uala- 

RM.  T.  Oatnl  *  Badm  IUt.  aor^.  b^^  uS.  m    l"l(Z  T)  V 

rvw  A  meilar ,  UK     40   A  BO 

IWnhrBala MMral  Boct.  •• .i.V.'lilO    Mb    Zl07 

-    .y-  «<»o«.»lBkf  r»iMlmoft.6»...  .1MB     »7    S  » 

•■wBJo^B  eoa.  Bort.  (Jam  It)  komt.  by  Pbll. 

ABaadlacbt Igll 

'*''  .^  "^  ••*  ■»"•  Otmt.  by  Pua.RB.)  «■'. '  lau 

Phil  .^.^ r  t%n.  fULHt.lMt 

•_- •> — — ..  Bort.  I* |«|| 

B*  b|>  ■••rt.,0> 1807 

.  5*    ^    tm- mart.,  m*.  mrtp,  V» 

8Mlk  *  Kwtk  AlbbM*  boadi.  ••....-... . 


P!>U-  *  fcia  MK.  aurt.(awr.  by  I 

PbiL  *  8a«QBC  nMnfeoMoI.  1 

5*  iB|>  ■••rt.,f«  .. 

.      ^  ?^  ^    «"^  ■«*»■•  '•»*. 
BMIk  *  ICwtk  AbdM*  boadi.  • 

*  Ot.  Loal*  Brtdf*  OiK>  «• :    .. 

Oaioa  Padlc Balmy.  Oaate  BrMm  ■■.' 
DolMd  Htm  Jmmj  d^mrnj  udClLMl  •■ ' 


.11 


.IIM 


wt  StOT     Mi  S:<n 


The  trada  for  «Ue«t  bu  beao  quiet  daria<  tha  week.  The 
•»n»al«  of  foreign  grain  hare  beeo  liberal,  and  thia  eircaauunca 
haa  iDdneed  millera  to  operate  with  caution.  Holdera  of  ibe  brt- 
terqnaliilrior  prodace  hare  endrarored  to  obtain  better  lerma. 
bat  hare  not  laeeatded.  and  tbejr  are  mM  llk-Iy  to  obula  bigher 
prteea  aaill  our  etoeki  in  granary  hare  been  eonalderably  rwlooed. 
Ob  the  Continent,  daring  the  week,  the  trada  baa  baan  qaiet,  bat 
in  Oemiaay  ehoio  daaeripUona  of  wheat  hare  attracted  atUaiioo 
and  bare  baMi  diqioaad  of  at  full  prieeo  for  the  BritUh  market.' 
Thedeoiiad  at  the  Oermaa  pona  oa  tha  Baltic  U  now  rather 
more  actlr..  aa  the  MTigubiB  will  ha  aooa  elooad.  wbaa  the  trade 
will  bo  Terjr  macb  impeded  antil  the  tpridg  eomea  roaod  again. 
Sound  barlry  and  oau  attract  attention,  not  only  in  thIa  eoaatry 
hot  alao  ua  tha  romlnent.  and  tbajr  are  adraadog  In  priea. 

Tho  following  Agaraa  abow  tha  iaporto  %»d  exnoru  o(  cereal 
nroduca  into  and  from  the  Unit«l  Kingdom  alnra  harraat.  »i»., 
from  Sept.  1  to  tha  etoae  of  laat  weak.  oo«par«l  with  the  TOrre-' 
•poodiag  parioda  ia  Iha  three  pravioaa  yean 


the  repre,eoittives   of   H.adura..   Paragua   ,  a.d  Co,ta  Uica   in 
eonKequroee   of   iho  reveUtiona  di8:loa«.i  reepectin^  the  maui'pu- 

ation  of  the  loans  tor  those  coaotries   bef.ire  ihe  recent   Parlia- 
mentary iuquiry. 

Bolckow.  Vaughan  i  Co.  (limited),  the  most  snccessful  and 
moet  rstensire  iron  producing    firm   io    tbe   \orih,  employing 

nearly  10.000  n  en  at  their  collieries,  mines  and  ironworks.  Lave 
re*>lTed  to  intimate  toJay  to  tbe  whole  of  the  men  employed  at 
Middieabroogh.  Wltton  Park,  and  Emoo  Ironworks,  that  iu  con- 
aaqaaoee  of  great  depression  of  trade  all  engagements  will  ter- 
minate on  tbe  13lh  November.  The  firm  owns  about  a  dozen 
colliariea  and  works  iu  own  ironstone,  and  the  decision  aajrurs  ill 
for  tbe  future  prospects  of  trade.  Great  diatrers  alrmdy  prevails 
in  th.-  .North  by  tbe  stoppage  ot  le-a  iiro.perous  works. 


M  .VIS 

lOSJi 
104  Jt 

totn 


toiay. 
0»u... 

raae... 


ladUaOsi*. 


.■*«t.  ll.«l«.aH 
L<M>ir 

tMita 

mtM 

> mm 

MM,M« 

....  ntjmi 


lOM. 

T.ai.7« 

1.41 1.M« 
9.0t 


^■"•■••••••••a»»«    ■•■■CI 

~^"^W  ■  •■■••••••••••••  •••  ■ 

"■•■■■  -••  •a**««*«*«oaa*a«»  . 

Paaa. 


Iwllaa  dam  .„'.. 
loer ... 


«.l«7 

ai,aii 

MT* 

7.417 


IHMtt 


TIJ7t 
J.7I» 

IMIt 

MH 

It4 

ai.MI 


Moajn. 
MIMM 


IlMO 

4I.«04 


t»Tt 
•.lOiWt 

UM7.jr7 
ttNl 

in  Mn 

4LMa.ete 

tOI.iM 

m,tm 
4.1M1 

MO 

ail 

«.<ot 
l.ii7 


TIm  Mlao  of  Eagllah  wheal,  danng  tbe  waek*aadlng  Oeleber  28, 
UMNDtad  l«  the  ISO  prindptl  markela  of  Eocimd  to  MJOO 
qaart^ra.sgalBatM.MSqMrtars  in  tbe  aomopoDdinit  week  of 
laat  year.  Tha  aTOtago  prioa  realiawl  wim  48a.  »!..  a«ala8t  44s 
Id.  per  quarter,  ftnc*  tha  ooMmoMOMaat  a<  fftpioMboi  thay 
aiuoaniad  to  8M.104  qunafa.  agalaai  »tJM  qnartar*.  tka  ar.r 
age  priea  obuibad  being  47a.  8d  . agalaal  4a«.  Id.  p.rqaart.r  in 
1874.  In  Iha  whole  Kiogdom.  it  ia  eoap«i«d  Uhu  tha  atlaa  of 
homa-icrowa  wbaat  aiaee  harvaat  bava  booa  1^64,4)0  «Mr>era 
acainsi  t.UiXKtO  qoanars  laat  year,  showing  a  deeraaaa  of  «8..>80 
qoartara.  Aaoasad  la  an  aatimate  of  tbe  qaaatitiao  of  gr«ia 
pUcMi  apeo  tUa  BriiUh  matkats  iinea  tha  MmMiiwmii  of 
Septal*  brr: 

vn.        UH,         wn.        i«7t. 

sssi.i7i:izs:;,z.^.  ,^z  _^s  j^:^  _^s 

^^•ir;w«-i;„:*»;tl-:5  "^^i*  "'VS^iH  '^i^ 


IC«xtl*a     •tarnai    tCviiuria-Per   Uabia 

Pha  l»llyoloatn.{.iuotatioaain  the  markeuol  Union  and  Li»eT. 
pool  lor  I  he  past  woek  haya  been  raponad  by  cable,  aa  shown  ia 
tha  following  nummary : 

Un4oH  MoHtyand  Utoek  Marktt.-The  bnllion  in  the  Bank 
of  Baglaod  has  decreased  £359.000  iuriog  tbe  week. 

0.as*atoe-«i.y.    .    «"fiu,?tV    ,y,!r.      ^'^Jl'.',        ^ 

Iit7..  ..  108         loi  IIHW        iiww  'iwu 

■••»• ««m5    «o5       1S.5      mS       ms 

Tt-tqoot«(tnas  for  nailed  rttaie.  ne«  fives  «i  Kr..i»iofi   ««re- 

O.B.aaw8Tas Kx       ....        k)(       

^•trwMl  (JtfUn  If  .r4t»t._S«i  apwtial  report  of  eotton. 
U^trptol  BrtadUvf*  Market.— 

Sau        Hub. 
_       .._  a.  d.      a.   d. 

-  {CU.Wblt*  clabl  "  II  4  11  4 
OwatW.  ■Ixa4)9  4aartar  SI  I  ll  « 
^■a>fliaii«liaj..»eaarur  41    •      41    • 

Uwtrpttl  PrtfHM^m*  Mark4t.— 

•at.      Hoa. 

aaafcaaaataawaica m   »  ab  • 

g>rk(Ma>»»W..  MO  SI  0 

■mm  (loat  cl.  iaIiL)9  ewt  ao   •  10  0 

Urd  lAaaricaa)  ...     ••  iO   t  ia  a 

ObnsstAaar'a  taal    "  t«    0  a*  0 

Liurpiii  Pr^dtu*  MarkM.— 

Mat. 
a  d. 

(  a 

M    • 


Tnaa. 

a.   4. 

M    S 

•    3 

M    0 
11     < 

at  « 

41    0 


Taaa. 
a.  d. 
»  4 
•4    0 


Wad. 
•.  d. 
*«    t 

«   a 

10  0 

11  • 

tt   • 

41     0 


Wad. 
f.   d 

»7    • 
84    0 

ao"o 

ft*    0 


Tbar. 
«.  d. 
M    • 

8  a 

10  0 

11  8 
81  • 
41  0 


Thar. 
S.  4. 
»  • 
84    0 


80 

U 


Frt 
a  d. 
t4    8 

•    8 

10  0 

11  8 

at   8 

41    0 


*.  d. 

BT  8 

81  0 

5)  0 

b7  • 

te  0 


»«wt. 


Hoa. 

t  a 

IS   s 

j»?-«*j5!liK-i'.:,"44>4.V 

~iead(AB.rad)..    "     «    0      87    0 
lar»aaUaa -     8*    •      M    8 


iBia— UB»... 

(psl«» 

Maa.ali«aBad) 
.«  .....I... 


Taaa. 
a.  d. 
i    8 

IS    8 
10 
•H 
44    4 

«>  e 

8*    S 


Prpdiu*  mnd  OU  M»rktU.— 

Oat.         Moa         Taaa. 

UMaadfOaicatul. . . .      >i    a       ai    a         ai    • 
4agBr(l(a.l8D-cb*Ui 

_  -.         880       880         US 

.•4Sei400ilOO 

i«aia480a40S84S8 

Vcvt     *tt       tsa      tss       ut 


It 

IS  0 
10 

4.1* 

87    0 
IS    0 


Tba.. 

».   d. 

ft    8 

IS    0 

10 

•H 
44    • 

87  0 

88  0 


I'll, 
a  d. 
ft  S 
IS  0 
10 

j:\ 

88    0 


Wad. 
<  •.  J. 
10  10    • 
ftl    0 


M*pol.«cwt..  ..      88    8 
iMniaU  ....tstasll    t   s 


Tbur.  Pri. 

<   •.  d.  £   •.   d. 

10  iu    0  10  IS    0 

SI    0  St    0 

S8    8  88    8 

•4    0    •  M    •    0 

ai    0    0  84    •    0 

H    »  it,    H 


Commercial  au5  iilisccUnnrous  Ncms. 


^  W.UO.SJ8    l7.M.SftS    U.M8,8I8    M.tM.C8S 

Tha  p<kblle  aalaa  of  Colo«lal  wool  will  ba  enmueacad  oa  ti.e 
«W  of  Moraaoar.  Tha  arrivals  amooat  to  74  178  oales.  of  wbicli 
aSi67balao«oariM0l  Cape  produce.  A  moderate  busioeaa  baa 
of  Urn  baaa  doteg  by  private  contract,  l.w.prio-d  AuairalUa 
■eoarad  sotlo  ohioiy  attraoUag atlentioa.  00  Cootiurtital  acenant 

Tha  Lord  Mayors  boqaot  will  ba  hMd  aa  u.u.l  on  the  »tl.  of 
November,  am  tha  oeeaatoa  of  tha  aotranoe  opoo  bis  dui-s  «f  the 
MW  Mayor.  I  abould  not  call  attentloa  to  ihia  drcumsunce  bad 
Mt  Aldamaa  Cotloo.  tha  new  Lord  Mayor,  dodded  not  to  invlU 


'*•*■«  ^W"  BkrviHts  ri>K  Tiia  Waait.— The  liuuoru  ibla 
•••*  •»««•  •  decrease  In  botli  dry  goods  and  treneral  mer- 
•■•Mtaa.  Tb»  tnul  Imports  aiuouat  to  $8,810,520  thi*  week 
•jNMMiJPJBS?  last  w..k.  and  tS.eTe/MM  tbe  previous  week! 
rh*  «^ona  are  $5,813,23.1  tbia  week,  againat  $5,808,017  last 
••eh  aad  fSjMS.OaO  the  pravioua  week  .  Tiie  eipuri*  of  cotton 
tba  paat  week  werr  2I.O»iJ  balea.  againat  17  008  bale*  lent  week. 
Tbelollnwlnffaretbaiuiporta  at  .N'ew  Vork  lur  week  couins  (for 
ir?  gooda)  Nor.  4.  and  lor  tha  weak  ending  (ior  general  uiar. 
shaadiael  Nov.  5  : 


Dry  (ooda 


laronia  av  aaw  vena  foa  vaa  waaa. 
1878.  1878.  1874. 

•1.714.4^        11.00*  84$        ft.tm.883 
4738.187  4.»l4.fttS  •.4in  S-J 


_   Total  for  lae  week., 
rveelaasiy  reported... 


t4.487.a8S 
8:0.(Siw71t 


$S,0417M 

sw.4ss.oie 


rr.ni.ois 

8AI.-ft,71« 


I87S. 

•l.OM.MS 

t,<8r.»  8 

88.n«.S«0 

tM.s4e.ftll 

'M- 1 <snin4,sas   U4a,m,m    tmjmim  itssjas^i 

■  oarrtportottbedry  gooda  trada  will  ba  looad  thalmporttof 
d^  goodsfor  ona  week  later. 

The  following  is  aatatement  ol  tbe  exports(eieIaalve  of  speeir) 
_jmi.he  iMirtof  .Vew  Vork  to  loreign  ports. for  tbe  week  ending 
Novamber  0 : 

szroar*  paoa  aaw  voaa  mm  vas  waaa. 

1874.  I87a  1874.  ISTft. 

r<>ris<waaa tft.tt7.il7        87.;t!i.713         •S.ir.l.t4t         «8k81S.8IS 

Plavlbaaly reported..  .      I»4.ft«.a84      «).aftu.41«        tl&,«tl.M8       8lt,i«JS8 

•tacaJsfcl 11*8.787,701     |887,«S8.tl7     |890.7«i,m     Vnjsnjm 


45S 


THE   CHRONICLE. 


[iJovember  IS,  1876. 


The  following  will  show  the  exports  of  specte  from  the  port  of 
New  York  tor  the  week  ending:  Nov.  6,  1875,  and  eince  the 
beginning  of  the  year,  with  a  eompariaon  tor  the  corresponding 
date  in  previous  years  : 

Not.  4— Str.  Wlcland Ilambnrg Silver  bars $2f.J.8IO 

Nov.  6— Sir.  Oder  London Silver  bars n.";  000 

Nov.  0— Sir.  City  of  Berlin Liverpool Silver  bare  i;  bullion       8'i,HO0 

Sot.  &— Str.  Adriatic Liverpool Mexican  silver  coin..       65,540 

Total  for  the  week $601,150 

Prerloaaly  reported 65,13-.i.517 


Total  since  January  1, 1875 .  ..    $65,B36,6o7 


I     Same  time  In— 

1 1868 $59,889,347 

18B8 6S,au7,4.M 

1S67 44.)S5.441 

1866 66,623,680 


Same  time  in— 

1874 $46,095,880 

1878 44  851,810 

187* 63.89S.466 

J871 68,5!l0.0«8 

1870 85,113.369 

The  imports  of  specie  at  this  port  during;  the  past  week  have 
been  as  follows: 

KoT.  1— str.  City  uf  Havana Vera  Cruz Silver  coin $86,339 

Goldcoin 11(1,145 


KoT.  1— Str.  Adriatic Liverpool Gold  coin. 

Nov.  1— Str.  City  of  Berlin  Liverpool Goldcoin.. 

Nov.  6— Str.  Ciiy  of  Dallas Nassau Gold  coin.. 

Nov.  5— Mir. Etna Savanllla Gold  coin.. 

Nov.  6 — Str.  Crescent  City Havana ...Goldcoin. 

Total  for  the  week  $8^9,220 

PreTionslT  reported 11,195.163 


I50,e6a 

15,000 

1,S66 

408 

8,400 


Total  since  ^an.  1, 1875 $11,474,383 


Same  time  in— 

1869 $14,a39.0)7 

1968 6,404,299 

1867 2,89-2.411 

1868 9,095,738 


Same  time  In— 

1874 $5.4.37.864 

1878 16,102.494 

18I« 5.3i9,402 

187J 8.403,06) 

1870 Il,a04,528 

National  Trbasury. — The  following  forms  present  a  sum- 
mart  of  certain  weekly  transactions  at  the  National  Treasury. 

1.— Securities  held  by  the  U.  S.  Treasurer  in  trust  for  National 
Banksand  balance  in  the  Treasury 


Week  For         For  U.S. 

endine    Circulation.  Deoosits. 
June  19..  376,8ii0,400    15.81)J.80O 
June'.!6.  376,5sr.,6O0 
July  3. , .  375.7.3.5,000 
July  10..  375..3.3:i.000 
Jnlv  17..  375,197,364 
July  24..  874,753,362 
July  31..  374,804,362 
Aug.  7..  374,927,862 
Aug.    14.  371.917.7b2 
Aug.  21.  374,788,762 
Aug.  as..  374,5)1.762 
Sept.    4..  37.1.812,762 
Sept.  r...  373,382,762 
Sept.  18..  373,077,762 
Sept.  25..  372,150.762 
Oct.    2...  .371,439,«2 
Oct.  9....  369.791.762    18.782,200 
Oct.  16..  363,857.212     18,7-52,200 
Oct.  23..    368.119,917     18,760,000 
Oct.  30..  Sti7,7<)a,412     18,730.000 
Nov.  6...  366,638,312    18,730,000 


Total. 

392,7.52.600 

392, 10-2,800 

391,527,2(10 

.391,125,200 

3M,989,562 

393,545,662 

393,636,562 

393,7-20,062 

393,709,962 

31)3,580,962 

393,3-23,962 

392,601.962 

39-2,174,962 

391,8B9,%2 

18.:9->,200    390,942,962 

1S.7^2,200    390,271,463 

3E8,E7.3,962 

337,639,412 
3&f..679,917 
3%,  529, 4 12 
385,388,312 


15,817.200 
15,-:  9-2, 200 
15,792,200 
15.792,230 
18,792,200 
lS.79-2.200 
18,79-2,-aOO 
18,792,200 
18,79-2,800 
18,792,200 
18,792,200 
lR,79-2,200 
18,79-2,200 


Coin  cer- 
,— Bal.  in  Treasury.—,    tificates 
Coin.       CurrencT.  outst'd'e 
4.155,245     19.803,100 
8,841,344    13,489,700 


23,673,800 
23.309,400 
22,628,300 


77,016446 
69,945,673 


69,608.5-26 
63,860.027 
66,9-26,937 

71.953,412 
70,716.887 
70.733,807 
70,223,690 


2,240,471 
2,076.405 
2,130,758 


66,730,316 
65,927,109 
66,924,152 


63.784,332 
70,472,506 
69,070,408 


2,777.811 
3,294.370 
3,491.875 
3,674,478 

2,()29'6i5 
2,0-23,915 
1,9-25,927 

4,968,029 
6,716,766 
6,569,371 


2-2.657,500 
19,740,~()0 
18,561, COO 
17,510,400 


16,889,400 
1-2,7-22,400 
12,435.000 

12,477^66 
12,775.600 
11,562,300 


72,042,514      9,261,150      16,069,900 


2. — National  bank  currency  in  circulation  ;  fractional  currency 
received  from  the  Currency  Bureau  by  U.  S.  Treasurer,  and  dis- 
tributed weekly  ;  also  the  amount  of  legal  tenders  distributed 


Week 
endine 
June  19.. 
June  26.. 
July  3... 
July  10.. 
July  17  . 
July  24. . 
July  31.. 
Aue.  7... 
Aug.  14  . 
Aug.  21.. 
Ang.28.. 
Sept.  4. 
Sept.  11.. 
Sept.  18.. 
Sept.  -25. 
Oct.  2... 
Oct.  9... 
Oct.  IB.., 
Oct.  23.. 
Oct.30... 
Not.  6... 


Notes  in  .—Fractional  Currency.—,  Leg.  Ten 
Glrcnlatlon.     Received.   Distributed.  Dislrlb'd 

343,994,474  697.900 

349.402.839  690,906 


349,285,309 

849,735,164 

351,613.7-24 

350.764.464 

349,8.35,349 

343,937,939 

349,205,093 

849,132,878 

343.725,018 

348.011.138 

347,930.000 

347.678,483 

347.720.-2-23 

346.994,193 

34B,7r;9,853 

846.813.770 

344.458,128 

846,805.616 

816,799,108 

Receipts  of   Domeatlc 


749,000 


3,148,370 
3,46-2,592 
],6.«.0.(100 
1,985,270 
2.000.020 
8,060,000 
2,639,361 
2,862.956 

2.7i4','sa7 

2.715,618 
2.679,369 
3.430.0S5 
2,821,180 
651,000  2,567.295 

• 3.021.143 ' 

3,100,000 
3,750,000 


Produce. 

The  receipts  of  domestic  produce  since  January  1, 1875,  and  for 
he  same  time  in  1874,  have  been  as  follows  : 


Since 
Jan.1,'75. 


Ashes pkgs. 

Breadstuffs— 

Flour tbls. 

Wheat bush. 

Corn 

Oate 

Rye 

Barley  and  malt. 

Grass  seed.bags. 

Beans bbls. 

Peas bush. 

C.  meal bbls. 

Cotton bales. 

Hemp bales. 

Hides No, 

Hops bales. 

Leather.  ..  sides. 
Molasses.. ..hhds. 
Molasses..  .  bbls. 
Naval  Stores — 

Cr. turp.  .bbls, 

Bpirits  turpen. . . 

Bosln 

Tar 


Same 
time  1874 


6,780 

3.157,678 

27,726.875 

20,162.719 

8.720.449 

8 15. 132 

3,2-.'5,819 

60.49.5 

.53,-223 

343.513 

109.976 

690.375 

2.724 

2.3!;7,I39 

31,854 

8,41-2,058 

4.226 

24,735 

7,359 

59,077 

447,372 

2-2,230 


7,714 

3,434,594 

37,7:2,110 

27.235,315 

9,592.1)83 

536,704 

1,895,740 

51,394 

61.83 

429,506 

153,8)4 

790,3-21 

4,210 

:, 854.-200; 

88.916 

3,268,5-24 

25i67J 

11,99-2 

70,285 

475,103 

45.621 


Since       Same 
Jan.1,'75.  time  1874 


Pitch . . 
Oilcake... 
ion,  lard.. 

Peanuts liagfl. 

Provisions — 

Butter pkgs. 

Cheese 

Cntmeats 

Bggs 

Porli 

Beef 

Latd 

Lard kegs. 

Rice P^gs- 

Starch 

ritearine 

Sugar bbls 

Sugar hhds. 

Tallow pkgs. 

Tobacco    

Tobacco hhds. 

Whiskey bbls, 

Wool bales. 

Dre8sedHogs..No, 


Beading  Coal  Company.— A  press  dispatch  from  Philadelphia, 
Nov.  11,  says:  The  joint  committee  to  investigate  the  affairs  of 
the  Philadelphia  &  Reading  Railroad  Company,  and  the  Philadel- 
phia &Readiug  Coal  and  Iron  Company,  held  a  final  meeting  to. day, 
and  agreed  upon  the  character  of  a  report  to  be  submitted  to  the 
Legislature.  There  was  a  general  unanimity  of  opinion  among 
the  committee.  It  is  understood  that  the  committee  holds  that 
the  constitutionality  of  the  act  incorporating  the  Philadelphia  & 
Reading  Coal  and  Iron  Company  is  only  for  the  decision  of  the 
courts,  and  not  for  the  committee  of  the  Legislature  ;  and  they 
recommend  that  the  evidence  taken  in  the  case  be  submitted  to 
the  Attorney-General  for  his  examination.  The  committee  con- 
demns the  policy  by  which  such  charters  have  been  granted  by 
the  Legislature,  but  think  that,  as  all  other  companies  carrying 
anthracite  coal  had  these  great  powers  granted  to  them,  there 
was  no  good  reason  why  they  should  he  withheld  from  the  Read- 
ing ;  and  they  express  the  hope  that  a  different  and  more  prudent 
course  will  be  pursued  hereafter  in  this  matter.  Concerning  the 
charge  of  conspiracy  to  regulate  the  price  of  coal,  the  committee 
think  that  the  combination  has  not  been  injurious  to  the  public, 
and  if  it  should  become  detrimental  hereafter,  the  law  can  be 
resorted  to  to  remedy  it. 

Rockford  Rock  Island  &  St.  Loiils.— Mr.  H.  Osterberg  dsnies 
that  the  North  Western  Railroad  Company  has  purchased  this 
road  and  says  he  is  determined  to  run  the  road  in  the  interests  of 
the  German  bondholders.  He  takes  charge  at  once.  George  S. 
Skinner  will  act  as  General  Manager. 

Pennsylvania  Company. — The  Pittsburgh  Commercial  says : 
The  Pennsylvania  Company,  which  is  not  the  Pennsylvania  Rail- 
road Company  proper,  but  a  separate,  though  auxiliary  corpora- 
tion, lessor  of  the  roads  belonging  to  the  Pennsylvania  Railroad 
system  west  of  Pittsburgh,  is  putting  a  6  per  cent  loan  upon  the 
market  for  the  purpose  of  paying  off  the  entire  floating  debt  and 
all  the  equipment  and  construction  charges  lor  the  yenr  1875. 

— The  Direct  United  State.'^  Cable  Company,  Limited,  is  now 
prepared  to  receive  messages  for  transmission  to  any  part  of 
Europe.  By  an  arrangement  with  the  Southern  &  Atlantic  Tele- 
graph Company,  messages  are  received  at  any  ot  the  Southern 
offices  of  that  company  for  Europe,  at  the  uniform  price  of  ninety 
cents,  gold,  per  word,  a  reduction  of  fifteen  cents  over  previous 
rates  ;  the  Cable  Company  also  have  direct  business  relations  with 
the  Atlantic  &  Pacific  and  the  Franklin  Telegraph  companies,  at 
whose  offic?s  any  information  can  be  obtained. 

— "  Something  new  in  Insurance,"  is  advertised  by  the  National 
Burglary  Insurance  Company,  of  115  Broadway.  This  company, 
in  addition  to  insuring  property  ot  every  kind  against  loss,  will 
employ  a  special  guard  or  patrol,  also  a  detective  force  under  an 
experienced  chief  to  guard  dwellin!»s  placed  under  their  care 
and,  to  further  secure  property,  will  offer  a  large  reward  for  the 
return  of  property  stolen.  Further  particulars  may  be  had  by 
leferenne  to  an  advertisement  in  the  CmtoNiCLE  next  week. 

— Messrs.  Richardson,  Hill  &  Co.,  of  Boston,  who  are  offering 
for  sale  the  thirty-year  water  lonn  bonds  of  that  cii,y,  have  issued 
in  their  circular  an  interesting  statement  of  the  amount  and 
particular  class  of  each  issue  of  governments  embraced  in  all  the 
calls  that  have  yet  been  made  of  the  five-twenties,  tog-ether  with 
the  date  of  each  call. 


917 

229,728] 

5,61-2 

49,65-2 

891.973 
2,0.54,451 

269,309 

391,185 

119.6831 
•^7,256] 

228,603 
12,494 
21,413 

801.476, 
16,545 
79,362 
13.863 
18.1181 

164,640; 
43,158, 

136,916' 
66.3321 
46,8221 


.3,417 

166,723 
3.056 
27,078 

812.643 
1,S:J0,738 
-269,044 
439,044 
;06.C82 

85,860 
209,-)49 

34,4-22 

19,551 
294,2:)9 

15.807 

4,S76 

284 

28,638 
234,-02 
118,281 
161,717 

67.4C« 
106,793 


BANKrKG  AND  FINANCIAL. 

THE    DIRECT    UNITED    STATES    CABLE    COMPANY,    LIMITED. 

This  Company's  Cable  is  open  for  business. 

Tariff  from  New  York,  75  cents,  gold,  per  word. 

Messages  will  also  be  received  at  any  of  the  Atlantic  &  Pacific,  Franklin, 
and  Southern  &  Atlantic  Telegraph  companies'  offices  throughout  the  United 
States,  where  farther  particolars  as  to  tariff  can  be  obtained. 

GEO.  G.  WARD,  Superintendent. 

No.  16  Broad  street,  Nov.  6, 1875. 

RAILROAD  BONDS.— Whether  yon  wish  to  BUY  or  SEl.t..  write  to 

HASSLER  &  CO.,  No.  '.  Wii'l  street,  N.  T. 


ADVANCES  MADE,  only  on  Cotton  In  Store  and  Approved  Stock  Exchange 
Collaterals.  V..  M.  WATERS  &  CO. 


TEXAS  STATK.  BONDS.  ,  „  „  „     .. 

Houston  and  Texas  Centrnl  RR.  First  Mortgage  7  per  cent  Gold  Bonds, 
O.  U.  &  H.  Firnt  Morlgagc  7  per  cent  Gold  Bonds, 

Texas  L-jnds  and  Land  Scrip,  for  sale  hv  ,  „  „ 

WILLIAM  BRADY,  23  William  it,  N.  Y. 


STOCKS 
Dealt  in  at  the  New  York  Stock  Exchange  bought  and  sold  by  ns  on  margin  of 
five  per  cent. 

PRIVILKGES 
Negotiated  at  one  to  two  per  cent  from  market  on  members  of  the  New  York 
Exchance  or  responsible  parties.    Large  sums  have  been  i  ealizcd  the  p -.81  3 
days.    Put  or  call  costs  on  lOO  shares 
'  $106  25 

Straddles  $250  each,  control  -200  shares  of  stock  for  .30  days  wllhout  further 
risk,  while  many  thousand  dollars  profit  mav  be  gained.  Advice  and  informa- 
tion furnished.  Pamphlet,  containing  valuable  statii-tlcal  information  and 
"bowing  how  Wall  street  operations  are  conducted  sent 

FREE  I  A  t. 

To  any  address.    Orders  solicited  by  mail  or  wire  and  promptly  executed  by 

08.    Address,  ,  „    . 

TUMBRIDGK  &  CO.,  Bankers  and  Brokers, 

Ho.  *  Wall  street  N  T. 


November  13,  1875.] 


THE   CHRONICLE. 


459 


€t)t   ggiikcrg'    i^a^ette. 

NAriON^I.  B  INKS  OHQANIXBO. 

The  Uolted  Sute8  Comptroller  of  the  Currensy  (umUhes  the 
followiac  ■tatament  of  Xttiooal  Bank*  orgraoixed  the  put  week  : 
l,aOB— nrMKaUoatl  Bank  or  Lehi«hton,  PenniTlranU.    Aathsriiedcapltiil. 

majatt;  Pai<i-.B-c«pital,  $3i).aa0.    Daniel  Ulewioe.  Prealdeoi :  W.  W. 

Bavman,  Culiier.    aatboruad  to  noBUnaaea  baalaaaa.  Not.  i,  UTS. 

D  1  V  IB  B  If  O  N. 

T%«  rollowiac  PlTldeod*  h^re  racaaily  baeo  annooncad  : 


OonrAar. 


Rallraada. 
Clanlaad  *  Pliubargb.  gaar.  (qnar.) . 
~         -" '~i(qn*r) 


Paa 

Cbbt. 


I 


Waas  '  Hoou  clocid. 
PAai.a.  (Dar*  IcduiTs.) 


Dec.     IIXOT.  n  to  Dec.  I 
Not.  IOINot.  1  to  Not.  3C 


Cloeing  prioes  d&ily  have  been  as  follows 

Not.    Not. 
1st.  period.       s.        8. 

(■•tm rec--Jan.  A  Jnlr.    tai       !«l 

la,un eoap..Jaii.A JalT.«u«u    ;»% 

6a.Mira,UM recMay  ANov.    115     *1HK 

la,VS0'e,18M eoap..XiT  A  Not.  'IK't  *IU\ 

•a,  S-KTe,  1865 ran.. May  A  Not.  MISS  'lie 

■a,S-W'i,  18U ooap..Ila7  A  Not.'IIk),  •liiiii 

6a,64iri.U6S,D.I.,  t«g..Jan.  *  Joly     US     *f.9 
a«,».U'a,18t5D.I.,coap..Jas.*Jaly.*U9       I19)i 

(•.S-KTs,  l9tT rci;..Jan.  A  JalT.    liOK    IK);; 

te,ft.M-s,lM?....eoap..JaB.AJnlT.    Ill     'ifOfi 

aa,»«ra,l8a6 rer..  Jan.*  July.  •l)!lK*m 

(a, ft-Wa,  lan coop..  Jan.  *Jaly.*Ul)i*I<l 

aa,10«)'( res..  Mar.  A  Sept.  *U6       i:s,V 

tailMVa eMip..i[ar.*8ept.*n7K    in.H' 

if, fanded.  1881 reg    ..Ooarterly.    US       11  » 

Sa.tanded.lSdl,  ..eoap Qaarterly.   H*      118 

(•OurencT rei!..JaB.*  Jn!/.»l«J«  *M}( 


Not.    Not. 
9.  10. 

•iviH  m 

•IHK  •114K 
•IHX    1M« 
•II.%X     116 
•1I5X  •115% 
•1I8X  'llbX 

118X  'IISV 
•IJOX  'ISOX 

1«0V     lS"i 

•ijr)<  'isi 

•1»IIX     '.SOJi 

115X     llS« 

•I161<  *ll«iH 

•llS»i     115J» 

it&K  n5K 


Not.  Not. 
11.  1*. 
liOTi    lil>f 

mx  ••.«« 
•.  ..  »IMK 

•114  lUX 
•I'5X  116 
115V  •'■I« 
lia  ^119 
1I8K  l]9)i 
•liOX  'ISl 
1J0«    ltl)f 

•isi)<  "laiji 
liik  •miV 

•116X  'iisx 

•116.x  'HT 
115X  I18X 
IISK  I16X 

•123s    IM 


r 


PRIDAV,  NOVEnBBB  13,  I8TS— •  P.  IH. 

Til*  money  narkec  and  FInanrlml  Sltnallon. — There 
kA*a  be«B  DO  particalar!7  noteworthy  fwtarM  daring  the  paat 
WMk ;  money  haa  been  in  good  supply  at  the  firmer  rates.  Got. 
arament  bonds  well  maintained,  speenlatlTe  stocks  moderately 
•etiTeand  steady,  gold  ahowing  a  declining  taodeney,  and  torvign 
azehange  stronger  on  a  fair  buaioaaa. 

At  tha  better  pnena  which  are  now  ruling  on  call  loana  there 
baa  been  an  aliundance  of  money  offeriog,  and  the  supply  in  the 
banks  baa  apparently  been  increaaiog  rather  than  falling  off.  On 
call  loans  the  range  is  aboat  Si§J  per  cent,  for  the  balk  of  traoa- 
aetions.  and  strictly  on  goTernment  ooUatarala  wa  have  heard,  of 
monry  being  offered  for  the  balance  ol  the  year  at  the  lower  rata 
•bare  Bamad.  Prima  commercial  paper  kaepa  in  good  demand  at 
6^  par  east,  ior  tha  best  grades,  while  paper  of  a  lower  class 
laagea  all  the  way  op  to  10  and  13  par  esat. 

On  Thursday  the  Bank  of  England  raport  showed  a  derline  of 
JuHSri.OOO  in  bolllon  for  Uta  week,  the  reaarra  baiag  4H  per  cent. 
of  iu  UabiUtlea.  agaiait  9H  per  oeat.  last  weak.  No  ehaage  was 
■Mda  in  tha  alaimom  diaeoaat  tale,  which  ramataM  at  4  per 
aa»i,_  Tha  Bank  ol  rntnea  loat  3,518,000  fianes  la  spaeie  during 
tha  week. 

The  laat  weekly  •UlamoDt  of  th*  Kaw  York  Uty  Clearing 
Howa  Banks,  lasaad  Not.  0,  ahowad  U  laeraaae  of  |  800.KK),  in 
the  ezoeas  abora  thalr  SS  par  eaal,  legal  (aaarra,  tha  whole  of 
raeh  axoMi  baiag  |9,0T7,M0,  agmlMl   f8.107,9S0  the  prerlooa 


troB  the  prarlooa  week 


■  TkU  is  the  price  bid  :  no  taU  was  made  at  the  Board. 
The  range  la  prices  since  Janaary  1,  and  the  amount  of  each 
elaas  of  bonds  outstanding  Norember  1,  1875,  were  as  follows: 

. — Raa«e slaee  Jan.  1.-^  .— AbuoiiiNot.  i. — 
Lowesv.         Hlehest.     Rwtstered.     Coupon. 

ts,t»l reK..118     Jan.     BIltaVMay  M$in,«n,890 

(S,188I COBp..::g]it  Jan.     iAHUJauaf! 

(s,V40't,  ISM coop. .IMS  Nov.  1<!U1     Apr.  t! 

«a,»'Wt,18« coap..n5\  Nor.  llillSX  Jane  18 

«a,Mira,iaift,new.coap..ll1),  Jan.     S  IMK  JanelT 

- ■  DIUMJaneM 

»  :*»)«  JonelS 
5  118V  Jane  18 
4|llvXAns.  t-l 
i;il9  Janat8 
lllMK  Apr.  M 


|a.M»-a,IMT 

la.ft.M't.issa 

ta,io-«ri 

ts.KMS't 

ls.raadad.  liai 


t4.(«T,000 
83.849,990 
U.0M.4l>0 
8x,ft6S.2  0 
14.S»«,iNH) 

ui,6r:,«so 


coap..ll8)<  Jan. 
coop..  118  Jan. 
.. rag. .1I8M  Hell. 
eoap..ll«KMcb. 
COBP..118K  Jan. 
..rs«.  inXJan. 

Qoaliig  prices  of  securities  la  London  have  been  as  follows 


8S.3a3.M0 
St.isn.coo 

118.6<4.4(0 

i4S.&i«,'n)0 

»1.»&4  &30 
i«,b»0,00(. 


Ul.974.400 
M.as.MI 


Bt.939.0M 
t90,48i,060 


O.B.ts.Mrs.lI«,aM.. 

a.S.tS.B-Ws.lMT 

0.».ia,l».«-s 


Oct. 
t*. 


•MX 
lOtX 
1«K 


Not. 
5. 


Hot. 
It. 


losx  I  inv 

I08V  I  U«X 
104K      104jt 


t  Jan.  1,  1875.  — 
I/Owest.      I     Hlgbest. 


103V  Not.  81  lOSK  Apr.  9 
lOSw  Jane  18i  109X  Kay  5 
Wi  Feb.  13  107  Aag.  18 
IM     Apr.  Ill  \m)4  An<.  I( 


•lata  aa«  Bnllraa*  BanAa—There  have  been  a  good  many 
aalesof  Teanaaaee  bonds  at  the  Board  this  week,  and  prices,  after 
soma  fiuctaationa,  close  at  40  for  the  new  bonds  and  47  for  the 
tM.  District  of  Colurabia  bonda  have  again  advanced  to  71|,  on 
tha  opinion  of  the  Attorney -Oeneral  of  New  York  State  that  sav- 
ings oanks  may  be  juatilled  in  investing  their  funds  in  these 
boada  as  United  States  •acarities.    This  reverses  the  previous 


Tha  following  table  shows  fha 
and  a  eooipariaoa  with  1974  and  1S73 


ins. 


1 


e 


• va. ,        i»T«. 

Oct.  Ml        »ur.t.      DtlWsaeafc        Nor.  7 
Iiaaasaaadto.«s;t.nMOC||MKinjHIae.     t«M«  •W^ats^TW 

ObtaUUoa....  ITJV.HO  iMBl.«lbIis&  «I.1W  tXMUI> 
MstdapealM..  ttUfNlMa  Bl.t«l.tOt  las.  BMt*  IBI,1IMM 
Uraitaadars.     M,«3M»     tUIiJMDse    lUMts     aa.4U.:M 

la  regard  to  tating  bank  capital  tha  Xtmttff  Pmt  article  te. 
day  has  the  following: 

"  Tha  Tax  Commlaaioaars  of  New  Tork  have  had  ooder  co»> 
■idaratioo  for  savaml  waaka  a  ptopodtioa  to  tax  tha  surplus  oC 
banks  as  capital.  tmrtnX  aMfarsneas  have  taken  plaea  batwaea 
tha  oommiaaloners  and  a  spadal  eoounltlaa  of  bank  oScera.  No 
dsaWott  by  the  aommlsstonars  haa  yat  baan  aaaaueed.  They 
•ktai  that  II  U  thalr  daty,  in  aaaeasing  aadi  holder  of  bank 
■haras,  to  make  tha  isnssmiint  not  on  the  par  value  of  the  xtoek. 
■a  haa  baa>  tha  oitstom  for  years  past,  but  on  the  valun  of  tha 
•harea  aa  datanntaad  by  tha  report  of  surplos  fund  accoant  as 
shoara  by  last  swam  sUtatnant  of  tha  baak.  In  support  of  tbia 
el*>Bi  thqrdta  a  dadsion  of  tha  8api«me  Coart  of  tUa  State  in  a 
*»m  bet  wean  one  of  the  Albany  banks  and  the  ux  sssunm  of 
that  dty.  Tha  banks,  on  the  other  band.  ct«im  that  ander  a  fair 
«p— tfuatlon  of  the  statola  only  the  par  value  of  the  stock  ran  ba 
asMssad.  ■■  has  been  the  ease  for  years.  In  behalf  of  the  hanks 
It  la  arged  that  If  thaoommlasiooaradarida  to  tax  sorplas,  and  tha 
conrta  sastata  tham,  tha  eflbet  will  ba  to  wsakeo  tha  bast  banks 
In  the  dtr  by  ladadng  tham  to  dlvlile  op  thrlr  sorplas  among 
tha  BtoekhoUers  as  Ikr  aa  they  can  legally.  The  StaU  banks  can 
dlThla  all  their  surplus,  and  thns  erndf  such  asasasmrnt;  the 
national  banks  by  Uw  must  a.  »nd  hold  a  surpluri  of  M 

par  eant  of  capital.     Of  cnuro.  ,-tx  maoaged  baolis  have 

necwmnlalwi  a  large  snrplas,  thi^  amount  of  it  being  the  inxasare 
«l  the  food  BaBt^iaMll.  A  aorplna  la  simply  a goaranty  f  and. 
•nd  la  a  ptntsctlan,  not  only  of  the  Intoiaata  of  the  depositors,  bat 
ladltactly  of  the  antira  eommanity.  Tha  natkraal,  8ute,  and 
■aaidpal  taxation  on  haaka  now  amonnta  to  nearly  6  per  rent  of 
tbair  capital.  On  llip  other  liaod.  It  ia  urged  in  favor  ol  taxing 
■■rplus  that  the  ttanks  lostead  of  dividing  It  np  will  turn  it  into 
oapilai,  and  If  they  do  not.  and  tha  banking  capital  remaining  is 
' — i  lo  ba  bMdaqonta,  other  eapMal  wUl  ba  pat  into  the  banking 


of  the  DepatvAttoniev-Oeaeral,an<l  it  appears  now  that 
thoat  who  deal  in  theae  bonds  should  have  purchased  on  the 
Dapaty's  opinion  and  ahoald  sell  on  the  principal's  opinion. 

Railroad  bonda  hava  been  quita  active,  and  duriug  the  paat 
two  days  hava  advaaoad  sharply  on  soma  of  the  Pacific  Issnes, 
In  eoaasqoaaca  of  a  change  In  feeling  as  to  the  probable  decision 
of  tha  United  Statai  Supreme  Court  in  the  pending  suit.  The 
rawarlr  in  our  laat  report,  that  the  present  action  was  one  by  tha 
Union  Pacific  Comptmy  against  the  (Jovi-rann-at  to  compel  tha 
paymaat  of  aamings  aocrued  nn  Ito  traoaportation  and  withheld 
as  an  aflbst  to  Intaraat  paid  by  the  Qovcmment  on  ita  bonds,  has 
■at  with  some  erilldsm.  We  believe,  howevtf ,  that  it  ia  sub- 
stantially oorrael,  and  there  Is  no  "cross  action  by  the  Qoveru- 
aant  against  tha  eompaoy  azcapt  that  pending  in  Maasschuaetta 
Isr  tha  nworety  of  5  per  cent,  of  the  net  eamlnga  since  the  com- 
nlitlon  of  the  road.  In  the  lattar  suit  the  point  at  hisua  is  quite 
ihtteT*  from  tha  other,  ■■  the  main  question  in  dispute  is  in 
Nunrd  to  the  tlma  when  tha  road  was  "  completed"  acoording  to 
dka  intrat  of  the  law. 

Tha  following  secaritlca,  seldom  offered  at  public  sale,  were 
'  of  this  week  at  aaettoa : 


»  Skaras  Tofcd  Avwnae  Rtilroad  Co.,  |100  •aoh-IM^- 
It  slMias  Blxlk  Ataane  Rallraad  Col.  |1(«  each,  and 

Kl  Sisih  Araioe  Rallraad  Co.  rerip,  «3,n0. 
Dallad  SuIm  Life  Inaaraaot  Co.  scrip,  8^ 
■rea  l'aU»i  titiaa  Life  Iiuraaca  Co.,  fU  each— 184. 
Wetarea  Hanie  Canal  A  BanUi^  Co.  praferrml  iiaek.  tlOO  each— 117. 
1741  Mofda  Otaal  A  Beaklaa  Co.  7  par  eant  ecrip  cartilcate  of  dlridends  on 

Btef  anad  ••ock,  dae  1189,  lolami  Pabriury  and  Angnet— 91. 
B8  ihana  Ca'Ud  Sui*«  Truit  Co.,  |100  aMb— :ll7Ji(. 
tJn,MO  Unloa  Coal  (v.  >rat  auirlms  7  per  cant  bunds,  dna  U87,  goarantasd 

by  Delaware  A  Iladaon  CaaaTOo.— lot^. 
01,00*  la  eraa  looal  lUUfaad  Co.  of  Tease  Irst  isartiM*  staking  fand  7 

prr  c«at  anld  b<is<)>,  $1,000  each— 53. 
f  sharea  Brooklyn  Academy  of  Maalc,  t^  each — 10. 

Dally   dosing  prices  of  a  few  leading  bonds,  and  the  range 
■Inoe  Januarr  1.  have  been  as  follows: 
— ~»  ^  Hot.   Bot.   Bot.  Sot.  Kot.  Hot. 


VaKe«  niataa  B«n«s.— OorerainaatB  hava  shown  decided 
auwgth  in  maintaining  thdr  prieas,  and  aran  gaining  4  to  j  per 
•aat  in  tha  teae  of  a  declining  taadeney  la  gold.  Currrnrj-  sixes 
v***!?!??  *•"  "troog.  and  dose  about  |  per  cent  higher  There 
»••  *••■  ao  feature  of  spedal  importaoee.  and  the  purchases 
■Me  oeaa  dlaliibated  aamiig  hnyan  of  moderata  amoo&u  aad 
Aitpofailoaa,  which  take  roond  lots  of  more  Importaaca. 


STaaa.,  aa«e». 
B.Car.,eM.... 
«iB.Car.,aew... 
ta  Tlf«..  eoaaolid 

•stla.loasbaB<la 

B.T.C.AH.  I>l7i 

U.r»e.,tol4«e... 

Oa  Pee., lets*.. . 
So  L'dUr-tli 
do       B  r.ti.. 

BrleUt  M.7i 

B.J.Cea.latTs.. 

rtWwaaUiTi. 

Bae<T>Idlii7a... 

e.arB.W.roldTe 


PInre  .Ian  1         ■< 

LovMl.    I     lllsbeal. 
44     Jaa.  T.\  t^KJan.    > 


3)  Mi-h.l; 
II  Jtine  U 
MS  Jan.  » 
M  Mch.  2; 
KH  Sept.  -B 
MM  Jaa.  II 
lll«  Jaa.  18 
rih  Ian.  • 
ei     Jan.    t 

SJafi.    r 
1<  Jan. 


»  Jan.  la 
14  .Ian.  7 
6«H  Oct.  a 
&i  iici.  > 
»  Jan.  11 
iUlK  Jaae  I . 
W  Sapi.  It 
liftH  H.puW 
U»M  JanaH 
llUti  Mpl,  Ml 
»;K  Ao«.- 


Ul'     Mar  »  10.),  May    t 
Keft.    ■ 


.  |ill^ 

I  Jaa.    7  114 
Jan.    Sjlliw 

JBBS  III  SbS 


Airr.   « 

Sot.   I 

..  Jnoe  5 

IkJi  Aoc.  4 


•TbUlilkaaruaMd.aoaaJsvaamatfeaiike  Board. 
BatlranA  and  anarellaneona  St4>eks.— The  stork  market 
baa  been  moderately  active  and  prices,  upon  the  wliolc,  pretty 
firm.  There  has  hardly  been  a  point  of  now  informntlon  afl(.<cting 
the  valupfl  nf  ntocks azcapt,  perhaps,  the  surrender  of  tlio  lease  of 
the  Padfie  Railroad o(  Miasoari  to  its  storkholdcrH,  by  tlip  Atlantic 
k  Pacific,  the  lessee.  On  this,  assisted  by  piirchaooa  to  cover 
short  sales,  the  stock  4ulvanoed  to  15)  on  Thursday,  but  siiliee- 
qaentty  fell  off  and  closed  at  18i  to-day.  The  most  striking 
advaaoe  of  the  week  has  been  in  Union  Padflc,  which  sold  up  to 


4h0 


THE   CHRONICLE. 


[November  ;3,  1-75. 


V4  on  Thursday  iind  closes  to-day  at  near  the  same  price.  The 
movements  in  this  stock  are  not  easily  accounted  for  except  upin 
the  supposition  that  it  is  controlled  by  a  very  few  parties,  and 
thi<  is  the  generally  received  idea  in  the  "street."  Ohio  and 
Mis.sispippi  Btock  has  been  firm  on  a  reported  increase  in  earnings, 
though  no  figures  for  October  alone  have  been  published.  The 
Northwest  and  St.  Paul  stocks  have  been  rather  firmer  on  a  fair 
amount  of  busines.H.  Western  Union,  Lake  Shore  and  Pacific 
Mail  have  been  heavily  dealt  in,  as  usual,  the  first-named  being 
rather  weak  today,  though  closing  stronger  at  75},  after  selling 
at  75f.     The  tone  at  the  close  wns  generally  strong. 

Toinl   transaccions  of  the  week  in  leading  stocks  were  as  fol- 
lows: 


Not. 


e  . 

8.. 

9  . 
10.. 
11 
U.. 


Padflc 
Mail. 
...  83.800 
...  10,1.00 
..  14.900 
.  .  10.600 
...  Sd.100 
...  «,500 


Lake 
Rtiore. 
31.500 
4«,J00 

45,100 
28.630 
8).i(IO 
29,800 


Weat'n  Clilc  A 


Union. 
16.J00 

8,-200 
1.^.700 

8,*00 
11.900 
46,400 


N'wett.  Brie. 
8  mo     4,900 


14.100 
7,100 
•i.90O 
8.8'K) 
S.500 


3,.%0 
3,900 
U.iOO 
2600 
7,4l0 


Ohio  A 
Mlu. 
9  0 
2,600 
2.500 
14.900 
'.5,800 
6.  TOO 


Pacific  Union 
of  Mo.     Pac 
a.JOO 


SoTerelen* |i  -5  a«l  fo 

Napoleoiii s  St  (S  s  «s 

X  X  Reicinmarlca 4  TO  a   4  80 

ZCt^lldnra 8  99  a    4(15 

Kln«.irv..r  ban 121  $    1  zm 

.  Ine  gold  hai« par®)«  prra. 

Dune»aiid  faalf  dimes.,  —  at  ^  —  gj 


|Fl»efranc» —  M   o  — M 

I  £'«■'?» —    «(<«  —  t» 

Kngl»h«|lver 4  8)    3    4  83 

Praii«Uii  p  per  lhalora..  —  Id   ®  —  -,i 
Prussia',  i>i  voi-thale  •..  —  TO  ®  —  Tx 
T.ade  Dollars -  M  ®  -  »8 


800 
11,200 
13.600 
10700 
8,400 


5.400 
3.100 
2,700 
10.400 
!2.2  IC 
0  700 


Total 141,300    205,100    106,600    44,800    27,800    41,400     40,900    40,500 

Whole  ftock.  ..200,000    494,665    8 n,858  149,980  780,COO  200.000     67,821367,450 
A  coaipariBon  with  the  last  line   in  the  preceding  table  ahown 
at.  a  glance  what  proportion  of  the  whole  stock  has  been  turjed 
over  in  the  week. 
The  daily  highest  and  lowest  prices  have  be^n  as  follows: 
oitciirday, 

a.V.Con.*U.K;>;^      ;ulv 
Harlem  ••-     —^ 

Srle 


liA^e  Shore 

Michigan  Cent. 

WaOASD 

Northwest 

do      prel. 
Kock  Island.., 

6t.  Paul 

do  pret.... 
At.*  Pac.nref. 
Paiflcuf  .Mo.. 
Ohio  &  ^ll8B... 
Uentra)  o;  .^.J. 
Ool..  L.4  West 
Han.  &  St.  Jos. 
Union  Pacific, 
Ool.Clilc.&l.C, 

Panama 

West,  Un.  Tel. 
At  &  Pac,  Tel. 

QulcKsllver 

do  pref. 
Pacific  Mali.... 
.\dam8  Kxp  ... 
A,merlcan  Ex.. 
>  nltedSutna.. 
Wellt.  Fargo., 


'l«i 


Honday. 

Nov.  8. 

104%;  :oij< 


•SV    .... 

SIX  s«x 

•SIX  52H 
iu3y  103X 
SIV  35X 
63i,    63X 

10s  V.% 
■6>i    Ifiy 

Mia  usk 

'18X  \IHii 
19X    20X 
So        66 
5         5 
iilH  ISi 

76),  76  V 

1!IX  19X 

•17  ,  i:* 

'■''4  i!3X 

Win  101  >4 
•57X  s:x 
ux   a; 
•IS       79 


:si 

■.7k 

;jx 

«4X 
38X 

■a 


1,M 

SIX 
53 

I_3«  103X 

85  S5y 

(3X  61!< 
4!,      5 

10*  U 

I)>k  I6« 

mix  '.isii 
118X  Via 

2i  20 
KX   66X 

5  5S 
'134      ISJ 

"■>  i6H 

I8X  Wt 

17'i  17X 

•a*  'i'.n 

3-X    S-iK 
101 1»  un  X 
5  X    58X 
45       »•. 
78X   79X 


Tuesday, 
Nov.  8. 
1"4X  lOix 
133       33 

nx  i?H 

iia   66)4 

8SX   S8H 
53       53 
lUI      U:l<4 
?«X    3-.« 
•ax   MX 

iOH  ia" 

U%    17 
101      lUI 
118)^  USX 
20S    -'1 
diX    66X 

134      134 
■,6H    76H 
'\S       192 
•HK    18 
•iS       2iX 
3'X   38H 

lOi    ^o■^ 
J-'>Ti   57X 
•liH    — . 
78       79 


Wednesday,  Thursday,    rrldar, 
Nov.  to.      Nov.  i;.       Nov.  ;2. 
lOiX  104^    101j<  lOlH    105     105 
•....  133         ....         .  •13iH133 

17     yiH    m  nx 

«iX  63X  «1X    SIX 

6»X  e7S  66       67 

«H     ex  «       6 

8KJ4  89  m%    88X 

62X  53V  5-.!       52X 

lOIK  :OJV  104H104V 

35H  35J<  85)4    86X 

64V  <5>i  6i|t    64;< 

is      5X  

13)i  ISX  13       l\% 

17^1  nx    17V  lex 

10tJ<  105        I14V  lOIV 

118    lis     \\rii\ii 

22X    -8X      21 V    2iV 
68X    ;4         71 H    ISi 
5X      6K       5X     5*4 
;3tS  131H  •ISJ     138 
76X    7  X      75X    .6% 


nx 

171. 

61V 

6;(< 

6«X 

8TX 

6 

6 

88K 

3^V 

52V 

is 

IMX  I04S 

ssx 

SiX 

64K 

e4»< 

4X 

5', 

13 

15K 

mx 

17X 

104 

104V 

118H  118X 

20V 

US 

6.SK 

69V 

5X 

5X 

134 

36 

:«x 

77 

211 

17H 

17K 

•22V 

28H 

SSH 

sax 

lum 

ir4 

5SX 

58X 

•7SV 


'IS'  20 

•17S,  ISX 

J3>«  2!< 

38X  38« 
101  vio:* 

58  S  58H 

41X  45 

81  SI 


la 
18 


19 

nx 

•22V 
39X   41 

loa     1U2 
58X    i6V 
45X    «■■* 
bUX    SOX 


*  r>i»>  IS  oil  oriue  bid  and  asKa  ' :  no  salt  was  made  at  tlie  Board 
The  entire  range  from  Jan.  1,  1874,  to  this  date,  was  as  follow;;: 


. Jan.  1, 1875,  to  date ,1, 


Lowest! 

■100     May   28 

127J<.lai.,  12 

,   I2>(  June  21 

61X  S''Pt.  15 

6,1     8  pi.  2- 


N.  r.Cen.  AUad.  a. 

tiarlem 

Srle 

Lakp  Shore 
Michigan  Central 

Wabaefa 4^  .Jinie  2!i 

Northwest S3>i  Oct.     9 

do        pref 46     Oct.     !i 

Rocklsland 100)<  Mny  2;- 

8i.  Paul  2»}<  Jnue  12 

do       pref 51     Mch.    1 

Atlantic  &  Pacific  pref.    4     Oct.  23 

Pacific  of  Missonri 7)f  Oct.   ii 

Ohio  a,  MisBissippi 14;^  Sept.  28 

Central  of  New  Jersey.  99>i  Oct.     S 
Del.,  Lack.  &  Western. 10ll><  Jan. 

Hannibal  &  St.  Jo 15J<  Oct.     8 

Union  Pacific 86     Jun.  18 

Col.,  Chic.  4  I.  C 3     Juiiell- 

Panama  .  . llii\Jan    21 

Western  Union  Tel....  70!4  Feb.  17 
Atlantic  &  Pacific  Tel..  IT;,  Oct.     (. 

Quicksilver  13     May  14 

do         pref 20     July  \f. 

PacificMall 30j<  Feb.  10 

Adams  Express 98     J>in.    2 

American  Express 50     Jiine25 

United  States  Express.  41^  Aul'.  11 
Wells,  Fargo  A  Co 71     Aug.  28' 


Highest. 
107H  May 


-Whole  year  1874. 


H8  Apr.  27 
3SXMch  29 
80X  Jan.  2 
b-;X  I'n.  ^ 
21 X  Jan.  2 
48)(Jan.  4 
62V  Ian.  2 
liHiX  Ang.  19 
41  X  Apr.  » 
B5X  Ang.  23 
18  Apr.  8( 
55  Apr.  30 
.32V  Jan.  2 
12(1  Apr.  2' 
123  Anr  27 
30X  Mch.  29 
79X  June 
9XJan.  14 
172  Apr.  26 
84X  Aug.  17 
29j^.lan  15 
35  Jan.  6 
44  Jan.  7 
45 J4  Apr  3 
10 IX  Mch.  23 
65  Jan,  15 
1.5  Jan,  II 
92X  Apr.  30 


Lowest. 
8'  95X  May 


118X  Jan. 
26  Dec.  10 
67^  June  19 
K8X  Anj.'. 
18X  Dec.  29 
34V  July  15 
51  S»-pt  111 
M)i  June  19 
31V  May  18 
48  May  5 
I.iV  Sept.  3 
29V  Jan. 
21J4  June  17 

98  Jan.  -3 

99  Jan.  2 
22Jf  Sept  7 
23     June  17 

8  Sept.  3 
101  Apr.  20 
68  Apr.  24 
14  Ang.  25 
22V  Apr.  28 
29  June  S9 
33  X  Dec.  21 
92V  Jan.  13 
58V  Jan.  2| 
80     Sept.  28i 


16 


Highest 
105X  Mch.  11 
134X  Feb.  18 
51V  Jan.  IS 
"4XJan.  16 
9iV  Ji". 
55)4  I'lu. 
62  V  Jan. 
78X  Feb.  9 
109X  Feb  9 
49V  Jan,  10 
74^4  Feb. 
22  Feb.  16 
48  Nov, 
.36  Jan.  10 
:09V  Feb.  10 
i;2V  Feb.  10 
34  .  Jan.  12 
38  Mch.  30 
32  s,  Mch.  30 
118  Jan.  9 
83  Dec.  10 
20  Nov  7 
36  s;  Nov.  24 
48  Nov.  27 
511,  Sept.  :0 
120  Nov.  '8 
65     Dec 


7.1      Feb.    9 
69V  Jan,     f>\  84     Nov.  ,  0 

Tiie  Gold  Market. — Gold  has  shown  a  weaker  tone  and 
touched  1144  "s  the  lowest  point,  recovering  to  114f  at  the  close. 
The  general  feeling  seems  to  be  that  tbe  gold  market  ia  likely  to 
be  free  from  manipulation  for  a  time,  and  some  parties  look  for  a 
further  decline  of  more  or  less  importance.  On  gold  loans  a  con- 
B'deration  has  been  paid  for  carrying,  during  most  of  the  week, 
and  to  day  the  terms  were  1,2,  3,  and  2^  per  cent  for  carrying, 
and  flat.  Time  loans  of  gold  have  been  quoted  as  follows:  30 
days,  i.-Sf ;  60  days,  7  16@9  16,  and  90  ilsys,  i@|  for  use.  At  the 
Trea>ury  sale  of  $500,000  on  Thursday  the  total  bids  amounted 
to  $3,410,000,  and  tlie  whole  amount  was  awarded  to  one  party. 
Customs  receip  s  of  the  week  were  $1,664,000. 

The  following  table  will  show  Itie  course  of  goH  and  opera- 
tions of  the  Gold  Exchange  Bank  each  day  ol  the  past  week  : 


. Quotations , 

Open-  Low-  High-  Clos- 
ing, est.  est.  ing. 
Sitnrday,  Nov,  6  ...115  li4V  115V  115V 
Monday,  '■  8  ...l;5X'  114V  115V  im< 
Tuesday,  "  9  ...il4V  li4V  tl5  lUV 
Wednesday,"  10  ..  114X  114V  114V  114V 
Tbnrsday,  "  11. ...114k  ■■14X  114X  114X 
Friday,         "    13  ...114V  r.4V  114X  IHX 


Total    . —  -Balances. . 

Clearings.       Gold.    Currencr. 

$■6.4.8  000  11.187,706  ^;I,7^7,121 
30,825,000  1,'.98,400  I.j6i071 
48  911,000  1,197.644  1,452,072 
62,:«9.000  1,851,561  2,639.9)5 
41,f.5«,000  1,171,511  1,801,072 
89,904,000     1,829,650      2,106,144 


Oarrentweek 115      114X  115V  114V  $2^0.053.000     t $  .- 

Previoae  weeic 116V  114^  116V  '■I6X    275,921.000     2.198,710     ;t,S50,275 

Jan.  1,1875.  to  date. ..112V  HIV  117X  114V  

The  following  are  the  quotations  in  gql4  |pr  forei^il)   acd 
Abiericaa  |{old :  .       \        ■    ■      ; 


Porelsn  Kxchanste—Exchange  has  been  stronger  this  week 
on  a  pretty  fair  volume  of  business.  The  market  is  now  com- 
paratively  free  from  the  depressing  influences  arising  from  the 
gold  speculation,  and  prices  are  left  to  seek  their  proper  level  as 
governed  by  the  dnniand  and  supply.  Cotton  shipments  have 
been  pretty  free  during  the  past  month,  and  have  furnished  a 
good  amnant  of  cnmmercial  bills.  To-dav  there  was  a  rather 
easier  feeling  In  60  days'  bills,  but  short  sight  was  firm. 

Qaotations  are  as  follows  : 

. Nov.  12 . 

Prime  bankers' sterling ^  82vii4  83 

Good  bankers' and  prime  com'l 4  8iva4  82^ 

Good  commercial  4.79V  ^4  8CV 

Docnmentary  commercial 473    ©4  79 

1"?»<'™"<=«I  ••; S  21J4cft5.19V 

Antweri) (francs) ».2!V'»6  .»>i 

SwlSKfrancs) 6.21V95  19V 

Amsterdam  (guilders) 40V@    4i'V 

Hamburg  (rclcbmarks) 9iXO    95 

Fmnkforl  (ruichraarka) 94VI3    95 

Bremen  (reichmarks) 94VO    95 

Berlin  (reichmarks) 91V®    05 


8  days. 

4.67va4.8S 
4. 86  V  44. 67  V 
4  84Via4.8,'iV 
4,83I«®4.84V 
6  I8V195  )KV 
6  \S\^i  16V 
6  18V(»8.1fV 
4"X'i    41  X 

asva  ■ 

95V  J 
S.-'V® 

Dsva 


«uv 

96V 
t«V 
96V 


The  transactions  tor  the  week  at  tbeUustoui  House  and  Sub 
PreagUTT  have  been  asfollowe: 


Nov. 


«... 

8... 

9... 
10... 
U... 
12... 


Custom  .— 
House  r~ 
Receipts. 
..  J224,000 
,.  2!)!l.00e 
..  3  9,000 
, .  189,000 
.  249,000 
. .     824.000 


-Heccipts. 


-Snb-Treasnry.- 


Payments.- 


Gold.  Currency.  Gold. 

t587,4T0  00  »1,»S9  6i5  76  $1,066,544  23 

920,122  49  781,  45  25  1,083,695  10 

717,768  19  2.116,0  8  12  726570  40 

8«8,9S1  15  «2n.07r  46  840.384  71 

41.3.455  36  712,609  99  800,087  88 

1,172,646  38  1,056,013  82  897,478  02 


Currency. 
J841.7.5S  10 
1,:W9,728  10 
2.31i,:i04  20 
3,0)4,0^9  22 

t6fi,  89  02 
1,173,512  07 


Totol.    

Balance,  Nov. 


$1,664,000 
5 


4,914,760  82     9,385,781  Zt 


4,156,255  57     7,281,793  40 

42.291,714  62   52.711,710  80 

Balance.  Nov.  12  41,5)3,23J  S7  80,627.724  89 

NewYorK   City   Banks The    tollowlng    statement    shows 

the  condition  of  tlie  Associated  Banks  of   New  York   City  (or  the 
week  ending  at  the  commencement  of  business  on  Nov.  6,  1875: 


Bahxs. 

New  fork 

jlanhatun  Co 2,050.001 

Merchants' 3,600,000 

Mechanics' 2,00U,U0C 

Onion 1,500,000 

America 8,000,000 

Phinnix 1,300,000 

City .  l.w.i.ooo 

Tradesmen's 1,000.000 

Culton...       600,000 

Chemical      SOO.OOf 

Meritiante'Rxch'ge.  l.OOO.OOC 

Qallatin,  Natlonar..  1,500,000 

Bulchers'&Drovers'  800,000 

vieehanlcs&Traders  60(i,0«f 

Sreenwlch 200,000 

Leather  Manuf 600,000 

Seventti  Ward...     .  300,000 

^tateof  N.  V..rk  .  2,000,001' 

Imertcan  Gxcb'Ke.  5,000,000 

Commerce 10,000,000 

Broadway 1,000,000 

viprcantlle t.OOO.OOd 

PacKc 422.70(' 

RennbUc 2,000,000 

Chatham 450,000 

People's 412.50U 

Sorth  America l.WK'.OOC 

Banover  l.Oiti.irO 

Inrlng 5i  O.IHii 

UetropollUn I,0('I,(OI 

Cltixens 6<ii,oiu 

Nassau I,o0(',l't« 

Market 1,000,0(0 

9t.  Nicholas l.OCO.OOC 

Shoeaud  L.atber..  I.OUIMCP 

Corn  Exchange I,(i0ii,oi'( 

Continental t,5U(>,ult 

Urlental 300,000 

Marine 100,000 

tmponeri'4Tr»d'rt  1,500.000 

Park 2,000.1100 


AVKBAOK  AHOtTNT  OF 

Loans  and  Legal 

Capital.   Discounts.    Specie.     Tenders, 

»S,UOO,0W:      |S,8)j.00U    »..lii3,400    |,,663.i00 


Mech.  Bank'g  Asso. 

.irocers* 

SortkKlver 

8asl  Itlver 

Manufact'rs'A  Mer. 

Fourth  National 

Central  National... 

Second  National 

.Ninth  National, 
t-'lrst  Natlonu 


500,600 
300.000 

:, 1 00,000 

3.50,(100 

■SOO.OOC 

5,OI)0,W" 

2.01)0,000 

310,001 

1,500,1  C( 

doc,.  o;' 


third  Natliinnl I,.|il0,l'0l       6, 


S.y. National  Kxch. 

rcnih  National 

Bowery  National  .. 
New  Vo  k  Co.  Nat. 
Qcnnan  American. 
r>ry  Goods 


suo.oct 

1,0(11,01  (I 
250,(i(  ( 
20C,C0f 

l,(IO'',(i(ill 

i.oi'i  irii 


6  sn.'joc 
!i,9;(i,ioo 

7,  03.«« 
4.6,6,M.'0 

K  .OSS.40'J 
S,85  ■.-.W 
6,  23. .,10 
3,41 -.100 
I,  f2,40O 
^:-5  ,500 

8,  48.700 

s,;*  ,500 

2.161.  00 
l,v7,5i<l 

:,0i5,iiK) 

8,15l,'00 
Hnli.lHXi 

4,3;.S.U10 
12,2.,2,(  0( 
:l  ,815.41.0 

,41  ,Siin 

4,01S',7I'0 
l,V2M0O 
4,11-6.10.1 
8,.  12,900 
l,4B  vSifl 
l'.'.«'.30C 
S.il'S.lOtI 
2.a81,lT0 
13."12.i>lH 
l.iW.Sic 
2,li  .100 
2,. 46.600 
2,45.<,900 
4.313.400 
2.«.i.60.l 
f,9f.o.i00 
1.423.'Ao 
2.1-'4.2|lO 
l,-,,t,8(.6oo 
lS,816,6(u 

ses.'.uo 
"o.'.ai.o 

1,026.VCO 

'j:  1.500 

6:S,900 
I6.b>8.7|)0 
7,5  '..000 

i.:  11.000 

6.181,000 
4.;80.6io 

-.  "'10 
1,5I6,SI0 

2.o;2,:oo 

1,  9 1.5. 0 
1,2!.(1.000 
S.O^S.WO 
l,80i.1)(H) 


253,100 

493,210 

431,500 

1  3,  00 

718,5  0 

24 '.(OU 

6.6.600 

».T  0 

S3, 10.1 

«5^JU0 

!',«I0 

122.600 

3-.ai0 

i.900 

ISO,™ 
!6,  00 
15 ',000 
567,00(1 
S5S,  00 

n.ooo 

76.«0 

H.00 

71 9,700 

l;o,:oo 

1(0 

45.5(0 

ll..eOO 

16.0U0 

1.42, Oil 

»7,-(iO 

2f,-JO0 

75.  DC 

71.9: 0 

71,5011 

41. ^Ot 

30,2110 

5.300 

61,700 

28^.200 

1,466,00 

i7,00(j 

5,100 

13,900 

2,900 

1 ,4U0 

18S,400 

43,E0U 

sJ'.iro 

5i9,OOU 
6IS.SrO 

2,100 
61,100 

2,30(1 

l!(i.'<00 
2.800 


l,18i,7iiC 

S,1S(..'00 

915.>00 

6-7,900 

2.389.700 

«7,it<l 

9:  ,000 

.166.100 

eoa.-ifl 

2,i!!,B(0 
T46.500 
4»'<,300 
296,(100 
•i  9,'  00 
9.1,300 
51S,40« 
2i4.400 
691,  .100 
1  9:i(',i  00 
1,716  .SOO 
!i21  8J0 
66.. 400 
829.100 
48!,;00 
9  (.700 

raeoo 

315,(101' 
44i,400 
5;7.llCO 
1.210.0011 
3^1,1011 
V5",00li 

lt8,5lXI 

716,1(0 

1,113.0(10 

s';  5,000 

150,800 

506,00(1 

S.SIS.^OO 

S,498.;i'0 

2iC.60O 

ISI.SOO 

1C6,000 

167  .»00 

14.-..5O0 

S,2i  1,6011 

1,513,000 

424,000 

1,S15.30(' 

57,9  0 

1081,(00 

22S,'*0(1 

31,^,010 

22O.0(« 

3;7,(  ( 0 

9,w,500 

556..10(' 


Net 

Deposits. 

tlon. 

Id,'.'»(i.6  0 

(29.400 

5.984  500 

9,500 

l-.ilH.tOO 

458,  (0 

5.ifl,6ilO 

268  .toil 

3.,6l.aX) 

f.6;i.»oo 

l.vf^ 

2,7  ,1,9  0 

S2161.0 

5.:2(,-00 

1,:«3,100 

787.700 

1,2  9.600 

7.1 81 .300 

2,M0,l-.fl 

412,100 

1.907,  00 

IMJl'U 

l,S1..0O0 

166.(  1« 

t,'8i,aio 

11)5,700 

841900 

i.lOC 

2.5  .%900 

245,1(10 

9:;,.oo 

61,<00 

•^.bi2.-00 

3:5,810 

8.4ii,iH0 

41-^000 

7  8(1,900 

2.(163,1(10 

3,«1.100 

«;a,8oo 

3,119.410 

226,0(.0 

1,897,400 

2,83  ',1X10 

iSO.fOC 

3.  67,(H0 

2:2,  (IK) 

1,;9,,'00 

6,500 

2,  I'J,  do 

2,»3V.200 

•29I.9C0 

2.2:1  .(OC 

lv(i.8(0 

9.623,  00 

42,1.(110 

l.'.2i..li(j 

181  600 

2,0.fi.61'l 

>.\n» 

1,<  48,  00 

193,7.0 

951,400 

716. ilO 

S,.(il  01  0 

7!».2(10 

2..'.58.a0(i 

4  Wn 

2.823.  (0 

439.500 

l,082,S0O 

4.000 

2,li3,-00 

lES.SOO 

l',0«3,f00 

4^9.8  CO 

17.18(1,  00 

;;('.iO0 

so:,ooo 

621,100 

6!9.000 

516.100 

:ee.9oo 

5I8.V(C 

.. 

11.957,500 

2.02'2.4(O 

6,537.000 

1,8:3  ( 00 

1.600,(00 

,  133.((0 

5,a79,a)0 

618.700 

5.i45..00 

4.5.l'0C 

f>.i-V»K 

4^400 

l,Oi.',70U 

2?,i.01'0 

8OS.II1O 

891,S('0 

813.000 

•m\  0011 

1.146,10(1 

1(0,000 

8.1:11,1(10 

1.344.60(' 

Total »3I,  35,200  »275,5;5,80('  ♦I3.215.S0tl  J51,314>J0  r221,»31,210  113,039,400 

The  deviations  from  the  returns   of  the  previous  week  are  as 
follows: 


Loans 'n''. 

Specie Inc. 

•lersirenders Dec. 


»560.»0  I  Net  Deposits tnc.     IBfsrco 

3,'2t.6(K'   Circulation Jnc-         4'..:U) 


The  following  are  the  totals  for  a  series  of  weeks  past  : 


August  14 
All.;  St  21 
August  ^8 

It! 

It. 

oc' 
Oct  no,., 
Ilsr.  6... 


Sip 

11... 

l.lpt 

(t.. 

Sunt.  25... 

•*:(, 

let 

9... 

Oct. 

16... 

Loans. 

28.!31l.*0n 

asj.sei.io'i 

2n2,3J»,900 
2'<2.'is4,a00 
28.|.14!.'.'O0 

^8^,u:i,'0U 

2tl.<<li>.iOO 
■rt-'.MI.liOO 

48i,:i.).600 

2M  5  9  "(0 
2<0,5-l4  tHO 
273.9!4,9UU 


Boecle. 

1S.41J,1110 
12.3<\7(10 
12.015,100 
10,210,300 
C.Sls.JOO 

:,S56.soo 

7,iB!l.aX) 
6.4t8.9«0 

B,;oi,5iio 
(..<■■■»  :>m 

6.W6,'iOO 
8.92 1.900 

I9,2i5.:uu 


Legal 
lenders. 

711,  •2d,J0O 

:o.39ii.;oo 

70,.')O8.7(lli 
70,606,«O 
69,13.3.2110 

eT.xss.noo 

67,321,800 
6?.4«l.60« 
60.3,36.800 
56.  ,9-,,ll«l 
51.712.900 
5:1. 155.41'^ 
ti,814JWU 


Deposits. 

218..1S3  2  u 
il«,(76,300 
24h.6i6,-i10 
243,738,800 
24,!,6C'4,2CX1 

■ai.tso.ioo 

23d,  139.4(10 
2I4.403.600 
2.30.156.100 
■«8.«93.-(K. 
2 '3.471710 
221.076.200 


Circu- 
lation. 
18.IU.70 
11. -23 1.500 
11.021 .01 '0 
18.12-..400 
i;,;'6.60ll 
17,731,  00 
17.934. .»( 10 
U.'JiS.SOO 
:7.-5!.40(i 
i:.'?12.800 
17.816.200 
17,99  ,700 
U.1I3).W0 


AitKreirate 
Clearlnps 

S03.<53.7rfJ 
817.111.176 
31  ".I  1.3  Sill 
Sb!>.912,6«l 
352.7'.a*.105 
411,149.131 
4115.863.314 
3.15.131.90(1 
403.<'46  65;' 
415,1IS.3,-2 
121.741.71, 
44'<.66>.'5y 


Not.  mber  13,  1S75.1 


TE[E  CimONICI.E. 


481 


Xatlooal  tUak* 
Nor.  8.  1876 : 


■• — Below  w«   |rlT«  a  lUUiiiieDi  of  il>«  Hokwd 
r«taraed  lo  the  CloarioK  House  on   MuDdaj, 


^U*4>tC» 

41IM 

•MCKaUM* 

BoMoa ~... 

D-iyUto* 

Bro«d«%> 

C«atr*l 

ColatflM4a.. 

CoaUavDbU... 

tlloi 

■  nralt 

r*a<alia«ll 

rraaasa'* 

«<«h« _. 

UtmUtM 

SovMd  

Haaateetarm ...... 

Mtruc 

MimrtQ— tia 

li*T*rtek  

Marxkaau* 

MMropd  Itaa     

S*4ai  ?«raoa 
<v  CacUad 

Msnk 

014  BoMoa 

Saavaal  

tioa  AliMthat 

eiau 

•  ifoU 

rr*4tr>' 

Fraiaoal 

•Taaaiactaa 

firat 

•M«ad(OrsalM)... 

rilr-l 

roarik 

•«a«  of  Ooa>ai<r««. 
•aakol  R.  ^asarlea 
viol  R*4>mBtlea, 
Baakof  HaDabtie... 

Uovnoawaaltfc 

01»f 

<*«l*  

Stttkaaaa. 

UI4a  *  Laattar.  ... 

■•Tara  

•aaartty 

Ualea 

WaMUr 


Laaaa.      Bpacte. 


1SS 


ll.'    4  l.« 

J.'::  loe 
«,«:!« 

uaiiiie 

VMMB 

tJStMV 
■..'•i\.:m 
UCIkO 
■.M*Jt» 
UM.1M 
l,l» 


<JCO 
•.IW 

iv.aw 


ajMjM 

^3S 


aun 

mtm 


1,M 


0.100 


:i.«n 

iJM 
|U,W> 


Vt 


L.T.  Noiea.  Depoalla. 

ll'.JOJ 

r.jm 


XJIul  I' 

ial.4>« 
rAMO 

iltUW 


Clicul. 

<r..4j 

;:»  11 


»^a< 
«1JH 


I)  IJM 

t<.M 


^^ 

lJ»Mt 

I.BS.IM 

I.1M.4* 


a*,  no 
auOT 

R/IO 


)JH        lUW        Mw«k        IMiNO 


mm 

!MBt 


ijousn 
t.-oj«o 

MOLIM 

un.Ma 


1.IN 
Tt.MO 
KXO 

n>o 

■■«■>• 


it.oa9 

MM 

MJO 

r,t.at 
Km 


i.«e 


tl4*0 

mjro 


IM.« 

tn/M 

K«.)K 


:«r*a 

1  ^.l . 

aTWO 

».  «li 

II»<i 

;mi  i» 

UOJM 

»;» . 

\Ml<f 

Ut.l. 

Mi.»« 

N$.» 

«|>M> 

«<<.«0 

a»ji> 

WJM 

tu  l> 

OkiJW 

:«iO€ 

auot 

*iv»  J 

t;Mtm 

111  rj 

ij»:jni 

(M  ;i>. 

■.inm 

:.Tsi.'.ai 

»»•«• 

•••JOO 

V-.tM 

isi.'.oe 

:r;.^  u 

IM.IOO 

»3»J)'J 

xtiitm 

ki  >o 

i.i«.«» 

41  Un. 

■  JMJM 

"•ljt»Jf 

IJia.ao 

»M.*)U 

1410  M 

:si.i.. 

nrmt 

14  .:■" 

tOMH 

ill  7i 

»W.MO 

MU.tm 

l.l<i«» 

S3'jL»  J 

IJMIM 

4J-."< 

umjm 

:4>A> 

ini« 

4<JU' 

*.»jm 

KO.Vi' 

•MM 

»»..»ii 

UtI.CO 

t-",** 

KM^BT 

•.«Jv 

Mvjro 

•«a.'»» 

mm 

mn-* 

xntN,    p  ■ll,\0.{ljPlII  \.  Kle. -«  ontlnoed. 


aaouaiTiaa 


rn  II.  A  DELPHI  A. 

•raTa  axooiTT  aoaoa. 

t^aaaaylvaniaM.  coop 

iio  do    re  

4o  tt.  lO-lS.  M 

«e  *"       l^li-  M 

rkiladalpbia  ia,    li 

do  (a.  arw 

AlMakaaj  Coudit  9a.  eoMfi... 

nnakarg4a 

to      Sf-  

ao      la, 

N««  Jaiaai  aula  la,  Ezaaipb 

aaitaCoaniT  la 

atadaai'ity;* 

0-'>>ar>l* •-  

Hanlabarc  CUT  (a 

aAiLaoAD  arooka. 

~  Ailauile 

do      prof 


IIV 
190  :«• 


'.MHO 
t.MUW 

t.i»m 

•lf«0 

tjoutio 


t*  .or. 


.„       pm 

4s        aav  prof 

daUa*  WUllaUiBport 

■iBira  *  Wllllamsport  prof 

■aal  PsaaaTlTaala 

Haattac  loa  *  Broad  Top  .. 
do  "     praf. 

Laaiaa  Vallai 

U«la»cku»lilll 

uiarblll •■■•• 

NaaiiaaboBliioraUoy...  

NorrMovB 

Nortfcara  Coatral 

■  ertk  O'saarltania 

Oil  r  cek  •  lllaakaaT  Bl»«r 

Paai  <Ti»aato. . . 

PMI«de!phla  »  K'la    

PitlluMlpfcla  *  K'adlO( 

—  •■  '-'pkla*  Traatoo 

Wlliaiaa.*  Baitinoro 
_  ».  J.  Oampaalaa.. . . . 

lCh>alarcoa>oi.  prat 

iJitaa» 

oaaaL  atooss. 

Xa>l«aU*a 


MjO«i.«o  ir.>H.it< 

t  XM.«.Ut>tJBk.;10. 


ratal a»jNUH  fUMivM    rm.im  •w.in.a 

natoul  a4ao«al  -dootoo«ko?aaaka."aa»araiaia4Baaio> 

Tho  davUtloBB  from  Imst  vaak'orMitraBArcBs  iollowa 

l>aaaa I>«afaaaa.     MISO I  l>a«oatu laeroaaa.  Mi'Jm 

Ifoala  . Iwraaaa.     U».t«   CIroalaUoa -iacroaaa.      i:tJ0O 

biinl  Taa-tara   la^rsaa*.     M(Bl 

Tb«  loUawlug  ara  t  h»  totals  for  a  osris*  of  weako  paat : 
l>ata.  Maaa^^      ■•aaia     Laaai  Tpadsn.  Papaatta.  (3r«alatloa. 

S**'ll SiwlSIlM  <rfj«         f'JK'«B         iM4.S         t  .w.- » 

5o».l i».'«i.wi         w.«o        iMIMoi       i^r»A<*        a.i'ajwi 

Xo*.« I*I,MS,.«»  TtUrn  l«,|y|.»U  iMU-.MO  »^»^.■o^ 

P«lla«alpkUi  aaaka. — Th*   followiag   la   to*  avara^    coo. 
4ltioo  of  tba  Pbiladelphta  Satloaal  Baaks  for  tha  waak  praeed- 


iog  XiDday 

_       aAoaa 
P*ii*it«ipau.... 

2>r«a4'Barlea 
*ar««n  aa4 
Of  a»af  rial, 


Nov.  M. 


L.  Taadaf.Oai 


Total  aoi 


14M 

io,;ti 
iii 

'IcS 


luio 


TMi    f la.iajm  oat  ni.7w  RiiMi    fu.^u.7n   imaw  fio.aijM 

raadortatioao  troa  tbarnturaool  prannuawawk  arr  •»  >nli.>«r  - 

y>a^ Do-.  PWja*  •  Uaoaalia. Poa.  lt.ir4.'U 

*<•••••-  --^ tat.    «a[,«lC)raala<>«a bsc.      i:i,-li 

Tha  folloirl.iit  ara  tha  total*  for  a  saria*  of  wa*ka  paat : 
t>*^t.  tjA«*a  aaa#!f .   L,«aatT«a4«r.     f»«n.*iia.  ci'^^uti  r 

'"-.''..       ..    f.nva«  i:*/)ii        i«i>>i.«a        «t,taj«*         ii.iw.m 

••'^<  •:  naaja         ««,«»       it.««Mi       mjbhi         ii.  :.j« 

o-«  « «ijii/st  vtjm        iv-m^i*        «•.  i.f»         in    ■• 

«»▼••    •l.rw.TId  l«,Jll  U,«MM  40JB  >•  W.'C 

Way  i **  ""^  *"~  *"  *"~  ..  -  -—  .___-- 


o:.niw 


•ajpis 


M.5ll.tC  41.««.  I 


tlltftTHM  m  tHXm^.  MIHMbP<t>    HI  >T|g|    CI T I K X 


aaccaiTiaa. 


■0»T«ll. 

Malaato , 

Raw  Ha.apaklra.4a..,. 
Tar-aaalda    


<OiM 


•OH 


ssooamaa. 


^^^    X  b.  ti,  ini 

lad.  CU  a  Lai. «.  ao»_... 

do  laaiMdaUli 
Ortaiak  M  » ta«a  ■  k.  ta..  .■ . 
fWd  OM.  a  Bavport  Bda. »,  •TI. 
Ilallaas.  saa  la 

ttnmt*  »  Oaa-  aaw.  H     . 


f*rmmt  a  Maaa..  lat  M.  (.^l 
a>«o«B. 

'oatas  a  Aiaaat  Maai  • 

inaiaa  a  l.awan  alaak 

■oaMS  a  Malaa . 

VMloa  *  PrnaMaaM 
Haiilaaliia  *  M*.  hi  Il«»ra«ka 

■xaira  pr-r>--— • 
'ttieafw.nar  ' 

.a.,9*a'1aafc  ,    * 
■^^Boord*  ... 
;  ;»aaaatlaai  Ititat 

laaiitliat  a  raaaiaipaiy.  pi 

(wiara.Maaa) ...' 

(aatanrilaw  Baapakira) ... 

t\«bbarp    . 

**nrh«at«r  a  Lavtaaea 

saakaa*  LavalL 

<artk»ra  oi  Bo*  Haapakira. 

<ar«l*ka  a  or  aaatar 

i*d*as.*L.aa*mpiala 

-tirir.L     *•   »"• 


/afvoat  *  Oaaato .. 
r»asi  a  Kaaaawfcai 
^Jiaa-kra  Waakaa 


r.i, 


■n 


'2" 

■  \; 

.wit 

« 

I7K 


II 
•■  H 


on 
II 


Morrta 

BeMorlCllI  Xantaiioa 
^^      do  I 

manaoAD  aoyaa 

^<U      ia  iTitaUtlo 


US 

It  ax 


ifi?* 


H 
N 

IIM 

:i* 

M 
la 

«> 

U 

U!« 

Jl), 

toll 

*) 

M 
1.  \ 

«! 

MiS 

td 


•1 

43 

u 


di     lae  »••<«•>• 

aa  do      Id  M.  Oi.^fc 

«S  do      IdM.la.'R 

o«^.a-j.».j..Ji... 
4:  a*B*rt:«a.la. 

*--?o*"--»S:ftBJr 

«5a,  ^-.i*''' 

Cwaa^ciina  ■«    iH^l^M..... 

•  kMOaaa  la.  )•*( ......-, 

a1lllkaa.Ut  aiAlVt 
■an.(a,Tartaa<. 
■SI  aati.la.^Od.. 
ipaft.  1st  m.  •*.■' 

S      Mb   aaaa.1a.-U. 

Rkata*  atkaaa  s.Ta  *«.... 

<aaarlaa  la«  aart.  la.  •!•  _ 
4a      M      do         IMO(l«i 

l^lgk  TaUat.ds.llOt...  ;^ 
«•  4a  da  raa.  IMS 
aa       4a         *a       la.  l«ia 


do  r«f  l«  1^  •»» 
•wlklP.latM.TT.tlTI   ' 


lOh 

«'• 

MO 

M 
Mk 


m 

m 

ID 

m 

MM 


ta 


MS 

wk 

KO 
K« 

IB 
;•) 

H« 


101 


Caatral.  1  <>..».  ^1    .. 

r  «l*ct>-IOa.  1*0       11 
Ulai,*i,JI..        !»<!« 
Mai   VSs.  a.i» 

ahatial  «i.ia»....  l"*^ 

crn    H    la.  im      U«H 

M-iM*  un 


>l-.*.l- 


gaa.m. 

(•a.Bi., 


!«■'  ,  coop  M 

ia.'ll « 

do  Id  m.  la,**...       MM 

-  —  lot 
lin 
•I 


filBlupM  lat  ni 
Pkfla  acria  tai 

do  Id  L       . 

rkll»t«lpkla  a  Haa4laa  *a.  10 

ta  -t"      "a.  ■• 


dab.boada 
t.ai.lB.a.  KM 


!■« 


4oC^al  a 


Ind-^naT- 
«   lal  m  .1,  t*' 


ataoHri 

Btoay ' 

kaaharra  Krtr    at   .. 

»iabar>  a  tawiat  ••<  ^a.  I'M.. 

Cki  a  *    I  axilla    

OU-dR.  4.C    a.    ID    ••,   M.. 
w.rraaa  P.    al  m    ••.••a, 
W  siCkaatar  eoaa.  Ta.***,  .. 
Waal  Una;  lal  m  la,  'ad 

da  -lo    ?■.  'V7  ... 

trasiara  raa-..  R   .—  '■**.  .. 

da         do     «>Pb-M   

Wilsiiaa.a  iCaad.iM  ii.,l.i*' 

4a  do   Id  Mort  l«>. 

oaatt  aoaoa 

nukvara  UlTisloa  la,  II 

I«a>ah  Raricatioo  at  ^1. 


n  KtK 

llh 
M 


«o 


,4,ltM 


Rll.  II... 
Ti  .... 
eoi»  ,* 

OOBT.     «.'»t 


fok 


do 

do 

do 

Morrla.tatM 

da      tdM  , 

to      boat. 

iTlTaalaM.IWO..  .... 

rlklirNaa.lit  ■i.lB,'*? 
do  id  m.,<B,1l< 
do  m.  •a,e.  t\ 
do  H,  Imp.,  ID.. 
•lola.h  Biaea-.ltll 
do  .f.botiakr.lliS 
do  t^rlp.. 
raafpabaa^a  ^    lai 


HIM 

Itl 
<n 

104 
lH 
IN 

n 


•IM 


a 


41 
i 
I4M 

i» 

ii' 

M 
i«M 
•a* 
l>t 


RALTIIHAKR. 

Mari  land  e  ,  daieo<  e,  J  a  J . 
du  Ik.  exempi  l-SI  — 
CO        l.l-X)   quar  erlT... 

o       S^.qna'U-rlT 

Halttmore  ia,lg.'<l.q"Bri  rl7.  . 
do        la, I'M,  J.  a  J 

I  ,1X10.  quarterly.. 
•B,Parp"o*  .Q-M. 

•», I  »a,  v.a  s.. 


lauVBiTiaa 


do 
du 
do 
do 
do 
do 


••.ciempt.'M.M.as 
*  ,  J.  a  


is.  IHV, 

«a,  m*       o    . 

Korio<k  ^ai  r,  Sa 

BAii.ROAt.  aToCKa.     Pa 
Bait  a  Oblo-etnck..    ..    .nj 
do        Kb>Ii  Br«'  ex..  <l' 
do      Parkerabi'rg  Br.  S 

Nortbrrn  (  rntral SO 

Weateru  ^  arjlMli  1 31' 

'>Btra      hlo SO 

Pitiabiirffb  a  I'oiineliBvlile.  &' 

KAILXOA'    HO    D   . 

Ball. a  Obi   iB,'.'a'.  J.a  J... 

xo         la.  is-s,  A.  «  O. 
M.W.Va.,MM    iaBr)'S,JAJ 
Plltab.  *L'<n  rnaT.7a.ie,     o 
!(ortbern('eai>al  i>  l»^5,   do 
do  la,  1«0<.  A.d  O. 

d"  *a,gol'l,lM<.  I  a  J 
C-B.Oblo<  ,l.t  M..'l»0,M.*F. 
— .  vdiB.Iti  i»-.(cr)10,J.   J, 
do  lai  ll„r-«i.  I.  a  1. 

d  Id  «.,  ((B-r.)  J  aJ 


Ui> 

I  I 

^8 
IW 

ll« 

Hi. 
01 

1.3 

10 

5 

m; 

9- 


do 


.(fa- 
Mil.,  (praf.)... 


do  *    V.<(r  b)  W.   o.)J  *J 

do    ia  MM  .((uar.)  J.aJ. 

Mar.  a  C.n.la,  f',  ■  A„'M1.. 

do  M.M.«  M...  . 

da       l>,i4.J,*J.  ..  . 

UkiOB  RR.,  ;Bt  lOar..  J  *  J. 

do       Caiiioo  aadoraed. 

MiaoBLL*v«ora. 

Baltlaorc  Oaa,  eartmcBtS' ... 

Paopla'a  Oa> 

«•  anHINATO^. 

Dittlet  or  Cb/amMo. 

■>arai   lmp.,<a.>,  i.aj,  :mi, 

do         ;a.lM'. ... 

>l  <rkrt  Rloek  bondi.  7t.  l^t>. 

Water  Stock  boada  la.lHM... 

*>  7i.  19M.. 

VoailaytOH, 

IraarCara., :  >iv,  iflk  .    ,,, 

fan  fear  Bonds,  aa,  llll 

roan  Loan  ((Tons  )  i  f .  IMS. 
Paad,  LoaB  (X.rpl,<a.t,  IM/t. 
Mil'. of  Stock  .■:•«*>  9a.  alpleai 
"  ('Ml)l>,aiplaa> 
Okaa.  a  O.afk  Ct:)  la.  at  plaaa. 


■MM 


••M 

KS 


m 
:oi 
w  M 

H>M 
lb 


UOh 
'5H 


lOU 
14 

II  OS 

•1 
•I 

47 

:o 


I04M 

•n 


OaBanlatovK,!-,  :hi  . 

do           da,  at  p|.  B>ato. 
ooniT  atock,4a.         do 
M«ikB' at  .rk,«>,           d> 
Board  of  Pobile  works- 
Can.  Oab.tmp.li.llTi 

l-O  II7S  .   . 

do  1071 

do  1177     .. . 

do  in>.   . . 

do  Serira 

CartiOeaiaa, Saver   la,li;»-T:. 
Wstai   I'crtltralaa.  ta,  l«n. 
4:|N«!|N!«Ayl. 

taclaaall  M M. 

do  I* 

do  f 

riaetnasti  Sosth'a  MB.  7.a>  * 


UOX 

111 

1>9 
110 
IU< 
»'7 
li«M 
107 
10; 
•.0; 
0«.>< 
III1H 

tou 


7SM  ' 


31 

5M 
"H 

7H 

16 

II] 
l(ki 
101 1. 
KOM 

»»>• 

n 

1(1 

M 
Hi 

S7 

Hi 
10< 

\ir. 

H 

•SM 

03 

n 

KM 


is 

ta 
•M 
it 


ir4 

un 

IjMM 

100 

17 

••H' 
lue 

fi 

108 
91 
.«) 

I'l 

l>8 

HO 
100 


«7K 


Haai.Cv..«iblolp.e.  oaabd 
do         do     7p.e.,ltolrt> 
do         do     labda.-aT.av 
i;ia.  a  CoT.Bn<f<»  auck,  irei 
•to          t.ooda.iOBp 
cia.Ham  a  I>..lat  II..1.  ». 
do         do      Id  M..7.  «. 
do         do      Id  M.,  1,71. 
1.1b..  UaiB. a  lBd.il  taar       . 
1Mb.  a  ladlatia,  lat  ti.,T 

do        do    Id  M   7,  ivr: 

t;alaBi.,a  XsalB,  lat  H.,7,  *» 

'•artoaa  Mich.,  lat  M.,7  ll 
do  do  MM.,7,  t« 
do  do  MM^T,'*' 
do  To'dodep.bds.T.'ai-'* 

llanoe  a  Waet.,  lat  V  .   m' 
Jo         do       lat  M.,  IP  9. 
4o         do      lattl..s,  IW 

lBd.,(aa.aLar.,latM.,7.... 

do       (i.ac)ittM..7,ia 

UttlaMlBail,a,IM.i... 
ClB.  Ham.  a  DBTtoB  itoek. . . 
ColBBibara  XnBlattnck  ... 
laatoo  a  tiirblaao  ttnrh  ... 
do         Ip  cafkaaa 
Uttla  Miami  atoek 

LOiriHVli.I.K. 

LoalavllU  •a.'a3lo'<n 

do        la.TTtrtll 

do  Walai  la,  *f7  to  *V 

do        Water  atork  la, '• 

do         Wbarl  ia 

do        apeelal  tax  «a  of  I1 
ar.MBd.at,lat»f.(iaM)-.-- 

do  do    Id  M  .7, 

.to  do    lat  M.t.lWi  . 

oawv  C.  a  Lai.,  lat  M..7,  "T: 
OBW  aFr-k..lat  M.,l,'lO.':a 
do  l.onlav.l.oBB.1,1' 
..•lfaab.latM.(Bl.a.l  7,T; 
dn  |»B.  Irftan  :m.a.i4,  v- . 
do  (Leb.Hr.li  -« 
latM.IMam.  Br)7,'»>-1! 
latM.(lab.br  ein.-avH 
Lob.  L'nrLeb.br.exil.'t 
Coaaol.  lal  M. .7.1010... 

faffarton..  Mad.  a  Ind 

lAelBr.,ClB.a  I.ai..prer 

do            do         eommoB 
Loalsnila  a  NasbTllls 

irr.  LOUIS. 

at  LOBls  la.  LooB  Bonds. ,.. 
io       Watail*  eoM.  .     .• 
do  do       do'n***^** 

do  IHdir*  A  pproB'***  p.l«* 

.In  Iti>n.^»>l  aoM  la • 

do  Sew  r  (  ••  (.'ar'SM.li' 


10 
do 
do 
do 
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41 


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St  !.■  nUC.>.n-w  Pa-k  K.la 
do  O'T,  7a  

At  a  PBclKr  BBsr.  land  rraa 
<lo     1,1  M.. landed).. 

'  4Bd(»t«rBS». 


,v<^ 
•  iia« 

s 


1 


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101 
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101 

lOS 
lAI 

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462 


THE  CHRONICLE. 


[November  13, 1875. 


GENERAL  QUOTATION^  OF   STOOKS 
U.  8.  Bondt  ana  aetivt  Railroad  Btoekt  are  quoted  on  a  prenoui  page. 


AND   BONDS   IN  NEW   YORK, 

Prieei  represent  th*  ver  cent  value,  ahatever  tlie  par  may  ie 


mimiBiTiKB. 


State  BobAs. 

4Ubuns.S8,18n 

do       SB.lSSt 

8s,16SI 


do 
do 
do 
do 
do 


do 
do 
do 
do 


88,  Mont,  ft  RnflaR. 
8«,A1».&  Chat.K^.. 

8» of  18«.. 

Arlunsiu  6b,  funded 

do  7«.  L.  R.  *  Ft.  8. 1««. 
t»,  Mcmuhts  &  L.  R. 
'Ig,L.R.,T".B.&N.O. 
7§,M188.0.*B.  BIT. 
78,  Ark.  Cent.  R 

(;*llfornla78 

do        7s,  large  bondB., 

Connecticut  68 

(Georgia  6a 

do       7b,  new  bonds.  .. 

do       78,  endorsed 

do       7s,  gold  bonds. . . 

Indiana  5s 

1I1IdoI>6s  coupon,  1877... 
do  do        :S7«  .. 

do       Warloan 

Kentucky  fis 

LoulBlana  6s 

do         do  new  bonds. 

do        do  new  floating  debt 

78,  Penitentiary 

66,  levee  bonds 

88,        do  

8s,         do  1875.. 

Ss Of  1910.. 

Michigan  68, 1878-79 

do       68,1888 

do       7s,1890 

Missouri  68,  due  In  1875 

do       do  1876 

dc  1877 

dc  1878 

do  1879 

do  1880 

Funding  bonds  due  In  189)-&. 
Long  bus.  due  '81  to  *91  Incl.. 
AByium  or  Unlvers.,  due  18W. 
Han.  &  St.  Joseph,  due  1875, 
do      do  do  1876. 

do      do  do  1886. 

do      do  do  1887. 

New  Torfc  Bounty  Loan,  reg. 


do 
do 
do 
do 
do 


do 
do 
do 
do 


do 
do 
do 
do 
do 
do 
do 
do 


coup. 
6s,  Canal  Loan,  1^7. 
66,         do  1878. 

68, gold  reg.... 1887. 
68,  do  coup.. 1887. 
68,  do  loan..  1883. 
6b,  do  do  ..1891. 
58,   do       do   ..1876. 


Mortb  Carolina  6s,  old,  J.  &  J., 


A.  &  O.. 

N.  C.  KR.....J.&  J.. 

do  ....A.40.. 

docoupoff.-I.  &  J.. 

do    do  off.A.ftO.. 

Funding  act,  1866... 

do        1868... 

New  bonds,  J.  *  J.. 

do  A.iiO.. 

Special  tax,  Clase  1 . 

do       Cla66  2. 

do       ClaS8  3. 


do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
Ohio  68, 1875, 

do    6s,1881 

do    68.1886 

Khodo  Island  68 

South  Carolina  68 

do       Jan.&  July 

do       April  &  Oct 

do  Funding  act,  1866. . . 
do  LandC,  1889,  J.&  J. 
do       LandC,18S9,A.&0. 

do       7s 0fl888. 

do      nonf  undable  bonds. 

Tennessee  68,  old 

do      do  ex  coupon 

do      do      do  new  series 

Texas,  108,  of  1876 

Virginia  6s,  old 

do       do  new  bonds.  1S66. . . 
do       do       do  IS67. .. 

do       do  coneol.  bonde 

do       do    ex.  matu  d  coup. 
do      do    consol.  2d  scries.. 
do       do  deferred  bonds.. 
District  of  Columbia  8.65s 

Railroad  Stacks. 

(Active  preft'iuKly  quoted.) 

Albany*  Susquehanna 

Central  Pacific 

Chicago  &Alton 

do  do    pref 


Ctalc,  Bur.  &  Qufncy 

Cleve.,  Col.,  Cln.  &  Indlanap.. 
Clereland  &  Pittsburg,  guar.. . 

Dubuque  &  Sioux  City 

Erie  pref 

Hanmbal  &  St.  Joseph,  pref... 

IQlnolfl  Central 

lodliinap.  Cln.  &  Lafayette.... 

J  dllet  &  Chicago 

Lon^  Island 

Marietta  &  Cln.,  Ist  pref 

do  2dpref 

Morris  fc  Kssex 

Missouri,  Kansas  «&  Texas.  .. 

New  Jersey  Southern 

N  T.,  New  Haven  &  Hartford. 

Ohio  &  Mississippi,  pref 

Pitts., Ft.  W.  &  Chic, guar.... 
do  do    special.. 

Rensselaer  &  Saratoga 

Rome,  Watertown  &  Ogdena. . 
St.  Louis,  Alton  &  T.  Haute. . . 
do  do  do      pref 

nellcvllle  &  So.  Illinois,  pref. . 
Bt.Loula,  Iron  Blount.  &  South. 
Terre  Haute  &  ludianapolls 
Toledo,  Peoria  &  Warsaw  . . . 
Toledo,  WaU.  &  Western,  pref. 
Warren 


niscellaneoiiKKtoclm 

American  District  Telegraph.. 

Canton  Co.,  llaUlmore 

Cent.  N.  J .  Land  Improv.  Co. . 

Delaware  &  HudsouCanal 

A'^encan  i:nal 

«.:nn8oit(iation  Coal  or  Md 

Mariposa  L.&M.  Co.,  aisa't  paid 
do       do  pref     *' 

Cumberland  Coal  &  Iron 

Maryland  Coal 

Pennsylvania  Coal 

Spring  Mountain  Coal 


Bid.  Ask. 


35 

9 

9 

9 

9 

9 
114 
114 
106 
91 
101 
98X 


lOii.H 
IIBX 
lUSi, 

36 

36 

36), 

36 


103 
105 
119 

loax 

102 


lOSJt 

iWH 
lOlX 
I01)i 
101 K 
101 X 

ma 

107 
107 


m% 


107 

103 

31 
31 
31 
31 
31 
31 
52 

47 
46 
46 
lUI 
35 
40 
lU 
71 
66 

'9' 


lOiX 

'» 

36), 
105 
\VZ 

59 

38X 

63 


Vi% 


lOJX 

i"' 


97 

U6 
I12)» 

eo 

89)4 
64 


iO 

my. 


3 

145X 


49 

8« 


«7>i 


SKOURITIKS. 


Railroad  Honda. 

{Stock  Exchange  Pricet.) 

Albany  ft  Susq.,  1st  bonds. . . 

do  do      2d     do    ... 

do  do      Sd     do    ... 

Boston,  Hartf .  &  Krle,  1st  mort 

do  do  guar — 

Bnr.,  C.  Rapids  ft  Minn.  1  st  7s,  g 

Chesapeake  ft  Ohio  6s,  Ist  m.. . 

do  do        ex  coup 

Chicago  ft  Alton  sinking  fund. 

do  do     Ist  mort 

do  do     Income 

Jollet  ft  Chicago,  1st  mort 

Louisiana  ft  Mo.,  Ist  m.,  guar. 
St.  Louis,  Jack,  ft  Chic,  Ist  m. 
Chic,  Bur.  ft  Q.  8  p.  cist  m... 
do  do    consol.  m.  78 

Chicago,  Rk.  Island  ft  Paclflc. 
do       S.  F.  Inc.  66,'95 
Central  of  N.  J.,  Ist  m.,  new. . . 

do  do      Ist  consol 

do  do     con.  conv 

Lehigh  &  Wllkos  1{.  con.  guar. 
Am. Dock*  Improve,  bonds.. 
Mil.  ft  St.  Paul  Ist  m.  88,  P.  D. . 
do  7  3-10  do. 
7s,gold,  R.  D. 
lBtm.,LaC.D 
Istm.I.ftM.D 
Istm.  I.  ft  P.. 
letm.  H.ft  D 
l6tm.C.  ft  M. 
1st  Consol.  ... 
2d  m.  do  .. 
tern  sink,  fund. 
Int.  bonds, 
consol. bds 
ext'n  bds 
1st  mort., 
cp.gld.bds 
reg.  do 

Iowa  Midland,  Ist  mort.  8s 

Oalena  ft  Chicago  Extended.. . 

Peninsula,  let  mort.,  conv 

Chic  ft  Milwaukee,  l»t  mort.. 
Winona  ft  St.  Peters,  Ist  mort. 
do  do  2d  mort.. 

CCC.ft  lnd's.lstm.78.  S.  F. 
do  Consol.  m.  bonds 

Del., Lack,  ft  Western, 2dm. 

do  do     7s,  conv. 

Morris  ft  Essex,  1st  mort 
do  do      2d  mort 

do  do 

do  do 

do  do 

do  do 

Krle,  1st  raort., 
do       do 


do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

;hlc 

ft  N. ' 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

bonds,  1900... 
construction , 

7s  of  1871 

1st  con.  guar. 

extended 

endorsed 

do     2d  mort.,  78, 1879 

do    3d   do     78,1883 

do     4th  do      78,1880 

do     5th  do      76,1888 

do     7b,  cons.  mort.  gold  bds. 

Long  Dock  bonds 

Buir.,N.  Y.  ft  Erie,  1st  m.,1877. 
do       do  do     large  bds  . 

Han.  ft  St.  Jo.  land  grants 

do  do     8s,  conv.  mort. . . 

Dubuque  ft  Sioux  City,  1st  m. . 
do  do  2ddlv, 

Cedar  Falls  &  Minn.,  Ist  mort. 
Indlanap.,  Bl.  ft  W.,  Ist  mort. . 
do  do        2d  mort... 

Mich.  So.  7  p.  c  2d  mort 

Mich.  S.  ft  N.  Ind.,  S.  F.,  7  p.  c. 

(;leve.  ft  Tol.  sinking  fund 

do  do    new  bonds 

ClevcP'vllle  ftAsh.,  oldbds. 

do  do     new  bds 

Detroit.  Monroe  ft  Tol.  bonds. 

Buffalo  &  Erie,  new  bonds 

Buffalo  ft  State  Line  7s 

Kalamazoo  ft  W.  Pigeon,  Ist. 

Lake  Shore  IHv.  bonds 

do  Cons,  coup.,  Ist... 

do  Cons,  reg.,  Isi 

do  Cons,  coup.,  2d 

do  Cons,  reg.,  2d 

Marietta  ft  Cln.,  Ist  mort 

Mich.  Cent.,  consol.  7s,  1902  . . 

do  Istm.Ss,  1882,8.  f. 

do  equlpm't  bonds... 

New  Jersey  Southern,  Istm. 7s 

do  do     consol.  78 

N.Y.Central  6s,  1883 

do  68,1887 

do  6s, real  estate.,.. 

do  6s,  subscription. 

do  78,1876 

do  78,  conv.,  1876 

do  ft  Hudson,  1st  m.,  coup. 

do  do     1st  m.,  reg.., 

Hudson  K.  7s,  2d  m.  8.  id.  1885. 

Harlem,  Ist  mort.  7b,  coup 

do  do  reg 

North  Missouri,  Ist  mort 

Ohio  &  Miss.,  consol.  sink,  fd 
do  do     consolidated.... 

do  do     2d     do  

do         do     l8t  Spring,  dlv. 
Central  Pacific  gold  bonds.... 
do   San  Joaquin  br'nch 
do  Cal.  ft  Oregon  1st., 
do  State  aid  bonds 

do  L.  G.  bonds 

Weatern  Paclflc  bonds 

Union  Paclflc,  1st  mort.  bonds 

do  Land  grants,  78. 

do  Sinking  fund.. 

.\tlantlc  &  Paclflc  landgr.  m. 

South  Pacific  UK.  bds.  of  Mo. 

Paclflc  R.  of  Mo.,  1st  mort.  .., 

do         do        Ist  Caron't  B. 

do  do         2d  mort 


Paclflc  R.  7b,  guarant'd  by  Mo. 

Pitta.,  Ft.  W.  ft  Chic,  1st  mort. 

do  do      2d  mort. 

do  do     3d  mort. 

Cleve.  ft  Pitts,  consol.  b.  fund. 

do  'do     4th  mort 

Col.,  Chic,  ft  Ind.  C.  1st  mort. . 

do  d(,    2d  mort.. 

Rome,  Watert'n  ft  Og.con.  Ist 

St.  L.  ft  Iron  Mountain,  Istm.. 

do  2dn 

AltonftT.H.,  1st  mort 

do  do    2d  mort.  pref... 

d>         do     2dmort.lncom6 

Belleville  ft  S.  111.  R.  1st  m.  8s. 

Tol..  Peoria  ft  Warsaw,  E.  D.. . 

do     "^  do      W.  D.. 

do  do  Bnr.  Dlv. 

do  do  2d  mort.. 

do  do    C0Q8Ol.7s 

Tol.  A  Wabuta,  Ist  m.  extend 


im 


99 

115JI 
107 

;o9x 
99 
iii>» 

107 
10)5,' 

95K 
100 
112 

92X 

88 

94  )< 

Si 

79 
84 
7»>: 


90 
99)4 

83 


106 
98 
113 


10«>4 
103)1 


22 

iiii 

41 


1051 
96>i 


8! 
86 
109 

96)4 

166' 
38)4 


102 

1U6 

116)* 

105 


105)4 


79K 
105 

;oi    I  .... 

8OX    81), 
27       30 


79ii 


lOOX 

lOii 

108 

102 

103)» 

lOJi-, 

101)1 

100)1 

1O13. 

100)5 
100)t 

r.^ 
%)» 

loik 
1:3 


101 

106' 
100 
102 

lis" 

114  H 

liix 
111 

»i' 

89)4 
63X 

lOJ" 
87)4 

107" 

92 

96X 
103X 

985i 

88  Ji 

48k 
79)4 

65  ■ 
102)4 

114)1 
107), 
lOO 
05)« 

IE 

9i' 

106" 
85)4 


101 
107X 


loix 


101 H 


I02X 
126" 

113" 

112 

111)4 
90), 
9l)i 
90 

76" 
101  k' 


97 

:08\ 

98),: 


105)1 

io2)r 
PI 
20 


BXOVRITIKS. 


Tol  ft  Wabash, Istm. St.L.dIV 

do  do       2dmort 

do  do       equlpm't  bds. 

do  do       con.  convert.. 

Hlonlbal  ft  Naples.  Ist  raort... 

Great  Western,  1st  mort.,  1888. 
do  2d  mort.,  1893.. 

QlUncy  ft  Toledo,  Ist  inort.  1890 

flUools&So.  Iowa,  Ist  mort.. 

Lafayette,  Bl'n  ft  Miss., Istm 

Han. ft  Central  Missouri,  Istm. 

Pakln,LlncoIn  ft  Decatur,  1st  m 

Boston  &  N.  V.  Air  Line  1st  m. 

Cln.,  Lafayette  ft  Chic,  Istm. 

Del.ft  Hudson  Canal,  Istm., '91 
do  do  1884 

do  do  ISTi 

do  do     coup.  7b,  ism 

do  do        reg.  78, 1894 

Lone  Island  KR.,  1st  mort 

Booth  Side,  L.  1.,  1st  m.  bonds, 
do  linking  fund.. 

Weateru  Union  Tel.,  l9C0.coup 

ni«crllaiieoiiis  L.l*t 

(Broicern*  Quotations.) 

CITIKS. 

Albany,  N.Y.,  68 

Buffalo  Water 

do      Park 

Chicago  6s,  long  dates 

do       7s,  sewerage 

do       78,  water 

do      78,  river  Improvement 

do      7s,  various . 

Cleveland's 

Detroit  Water  Works  7s.. . . 
Elizabeth  City,  due  '95 


Hartford  6b 

Indianapolis  7'30b  . . . 

Newark  City  78 

Oswwo , 

Pongnkeepsle  Water  .  _ 

ISocBester  City  Water  bda.,  '93 

Toledo  7SOs 

Yonkers  Water,  due  1903 

RAILnOAI>S. 

Atchison  ft  P.  Peak,  6s,  gold.. . 
Atlantic  ft  Paclflc  L.  G.  68,  gld, 
Atchison  ft  Nebraska,  8  p.  c. . . 
Bar.  ft  Mo.  Rlv.,Land  m.  78 


do 
do 
do 
do 
do 


2aS.,do  7s... 
3d 8., do  88... 
4th  8.,  do  8s.. 
5th  8.,  do  88.. 
6th  S.,  do  8s, 


.C  *; 


Bur.,  C.  K.  ft  M.  (M.  dlv.) ,  g.  7s. 

Cairo  &  Fulton,  Ist  76,  gold 

California  Pac.  RR.  7s,  gold 

do  6s,  2dm., g 

Canada  Southern  Ist  m 

do  with  Int.  certlfs. 

Central  Paclflc  7b,  gold,  conv 

Central  of  Iowa  1st  m.  78,  gold 
do  do     2d  m.  7s,  gold 

Keokuk  ft  St.  Paul  88. . .  ' 

Carthage  ft  Bur.  8b 

Dixon,  Peoria  ft  Han.  88 

O.  O.  ft  Fox  R.  Valley  8s 

Quiucy  ft  Warsaw  8s 

Illinois  Grand  Trunk 

Chlc.Dnb.  ft  Minn.  88.., 

Peoria  ft  Hannibal  K.Ss. 

Chicago  ft  Iowa  R.  8s..., 

American  Central  88 

Chic,  ft  S'thweetern  7s, guar... 

Chesapeake  ft  O.  2d  m.  gold  78 

Col.  ft  Hock.  V.  1st  7s,  30  years 
do  do     Ist  7s,  10  years 

do  (10     2d  7s,  20  years 

Chicago,  Clinton  ft  Dub.  8s. .. 

Chic,  ft  Can.  South.  Ist  m.  g.7s 

Cli.  D.  ft  v.,  I.  dlv.,  1st  m.  g.  7s 

Chic,  Danv.  &  VIncen'B  7s,  gld 

Connecticut  Valley  76 

Connecticut  Western  1st  78. . . 

Chicago  ft  Mich.  Lake  Shore. 

Dan.Turb..  Bl.  ft  P.  1st  m.  76,g 

Des  Moines  ft  Ft.  Dodge  1st  78. 

Detroit.  Hillsdale  ft  In.  RR.88. 

Detroit  ft  Day  City  86  guar.. 

Detroit,  Eel  River  ft  111.  86.. . 

Det..  Lans.  ft  Lake  M.  1st  m. 
do  do    2d  m.  88 

Dutchess  ft  Columbia  78 

I>«ivor  Paclflc  78,  gold 

Denver  ft  Rio  Grande  78,  gold. 

EvansTllle  ft  Crawf ordsv.,78. . 

Erie  ft  Plttsbm-g  Is  1 78 

do  do         2d  7s 

do  do         7s,  equip 

ETanevllle,  Hen.  ft  Nashv.  78. . 

Ellzabethtown  ft  Padu.88.con. 

EvansvlUe.  T.  H.  ft  Chic.  78,  g. 

Fllnt&Pere  M.7s, Landgrant. 

Fort  W.,  Jackson  &  Sag.  8s 

Grand  R.  ft  Ind.  1st  guar  7b.... 
do  let  L.  G  7s... 

do  1st  ex  L.  G.  7s 

Grand  River  Valley  Ss 

Hous.  ft  Texas  C.  Ist  78,  gold. . 

Indlanap. &Vlnceu.lst'78, guar 

lowaFallsft  Sioux  Cist  .s... 

Indianapolis  &  St.  Louis  78 

Houston  &  Ot.  North.  1st  7s,  g. 

International  (Texas)  1st  g.... 

Int.,  H.  ft  G.  N.  conv.  88    

Jackson,  Lansing  &  Sag.  Ss — 

Kansas  Pac  78,  extension, gold 
do  7s,  land  grant,  gld 
do  78,  do  new  jeld 
do  68,gld,  June&Dec 
do  6s,  do  Feb.  ft  Aug 
do  7b,  1876,  land  grant 
do  7b,  Leaven,  br'nch 
do  Incomes,  No.  11... 
do  do  No.  16... 
do        Stock 

Kalamazoo  ft  Sout h  H.  Ss, guar 

Kal.,  AUeghan.  ft  G.  R.  8s, guar 

KauBSa  City  &  Cameron  lOs. . . 

Kan.  C,  St.  Jo.  ft  C.  B.  88  of  '85 
do       do  do    88  of  '98 

Keokuk  ft  Des  Moines  Ist  78. . . 
do  Ist  coup,  Oct. ,'76 
do  funded  Int.  88 

do  pref.  stock... 

L.  Ont.  Shore  RR.  1st  m.  gld  7s. 

Lake  Sup.  ft  Miss.  1st  7s,  gold. 

Leav.,  Atch.  ft  N.  W.  7s,  guar.. 

Leav.,  Law.  ft  Gal.  I8t  m.,  lOs.. 

Logans.,  Craw,  ft  8.  W.  88, gld. 

Michigan  Air  Ltne  8s 

Montfcello  ft  P.  Jervls78,gold 

Montclalr  1st  7s,  gold 

Mo.,  Kansas  ft  Texas       gold.. 

Mo.  B.,  Ft.  S.  ft  Gulf  Istm.  lOe. 


M 
47)4 


:C2 

106 
106 

98 

■OiH 
104), 
i04X 
103\ 
104  i 
106 

96 

98 
102 
100 
107 
103 

:05 

106 
102 
104 

20 

15 

20 
105 
lOS 
108 
108 
108 
109 

22)4 

16 

70 

50k 
104  k 


67X 
49 


29X 


103 


107)4 


98X 


lf6 

107 

107 

-.00 

105 

104  5r 

llMJC 

105X 
106)4 

97 

99 
103 
102 
103 
104 
106 
107 
103 
105 


105)1 


70 
60 

3.V 
S2X 
55 
100 


95 

82M 

60 

60 

98' 
72 


65 
72 

65" 

20 

14 

IIX 
100 

96 
100 

50 

96" 
75 
95 
25 


BKCCBITIXa. 


>I0.  R.,  Ft.  S.  &  Gulf  2d  ni.  lOs. 
N.  Haven.  Mlddlet'n  4W.7b.. 

N.  J.  Midland  iBt  78,  gold 

do  2rt7» 

New  Jersey  ft  N.  Y.  78,  gold., 
N.  Y.  ft  Osw.  Mid.  1st  78,  gold, 
do  do        2d  7s,  conv. 

North.  Pac.  1st  m.  gold  7  3.108., 
Omat  a  &  Southwefltern  KR.  at 
Oswego  ft  Rome  7s,  guar. . , 
Peoria,  Pekin  ft  J.  1st  mort, 

Peoria  ft  Rock  1. 7a,  gold 

Port  Huron  ft  L.  M.  78,  gld,  end 
Pullman  Palaco  Car  Co.  stock, 
do  bda,  8s,  4lh  series 
Rockf 'd,  R.  I.  &  St.  L.  1st  7s,  gld 
Rv^uuo*  '  •'  ""wego  7s,  gold... 

, Sioux  City  ft  PuClttc  Do 

Southern  Minn,  construe.  8s. . . 

do  78 

St.  Jo.  ft  C.  Bl.  Ist  mort.  lOs... 

do  do  80.  c. 

Sandusky.  Mane,  ft  Newark  7b. 
St.  Louis,  VandaUa  ft  T.  U.  Ist. 

do  do  2d,  guar. 

St.  L.  ft  So'eastern  1st  78,  gold, 
St.L.&I.Mt.  (Ark.lir.l78,g., 
Southern  Central  of  N.  Y.  78... 

Union  ft  LoganHport78 

Union  Paclllc,  80.  branch,  6s,  g 

Walklll  Valley  1st  78,  gold 

West  Wisconsin  7s,  gold 

Wisconsin  Valley  88 

Sontliern   Securities. 

C,BroJte?'«'  Qiiotattons.) 

STATKS. 

Louisiana  new  consol.  78 

South  Carolina  new  consol.  6b. 
Texaa  State  68, 1877 

do        68,1891-2 

do       78,gold 

do       108,  of  1884 

do      10e,penslon 

UITIKS. 

Atlanta,  Ga.,  78 

do       8a 

AuguBta,  Ga.,  7b,  bonds 

Charleston  stock  66 

Charleston.  S.  C,  7b,  F.  L.  bds. 

Columbia,  8.  C,  68 

Columbus,  Ga.,  78,  bonds 

Lynchburges 

>facon  7b,  Donds 

Memphis  old  bonds,  68 

do      new  bonds,  66 

do       end.,  M.  &C.  RR.  ... 

Mobile  58, (coups,  on) 

do      88, (coups,  on) 

Montgomery  8s 

Nashville  68,  old 

do        6s, new 

New  Orleans  5s 

do  consol.  68, 

do  bonds,  78 

do  gold  78,  quarterly 

do  lOs 

do  to  railroads,  6s. . 

Norfolk  68 

Peter6burg68 

Richmond  68. 

Savannah  7s,  old 

do        7s,  new 

Wilmington,  N.  C. ,6s,  gold.... 
do  do     88,  gold 

RATLKOADS. 

Ala.  ft  Chatt.  1st  m.  88.,  end.. . . 
Ala.  ft  Tenn.  R.  Ist  mort.  78. .. 

do         do  2d  mort.  7s 

Atlantic  &  Gulf,  consol 

do  do    end.  Savan'h. 

do  do    Block 

do  do      do    guar... 

Carolina  Central  1st  m.  6s,  g... 
Central  Georgia  consol.  m.  7b. 

do  stock 

Charlotte  Col.  ft  A.  Ist  M.  7b..  . 

do  do       stock 

Charleston  ft  Savannah  6s,  end 
Savannah  &  Char.  1st  in.  7s — 

Cheraw  ft  Darlington  78 

East  Tenn.  &  Georgia  68 

East  Tenn.  ft  Va.  6s,  end.  Tenn 

E.  Tenn.  Va.  ft  Ga.  1st  m.  78... 

do  do        stock...'.. 

Georgia  RR.7s 

do  Block 

Greenville  &  Col.  7s,  guar 

do  do   78,  certlf — 

Macon  ft  Brunswick  end.  7s. . . 

Macon  ft  Augusta  bonds 

do  do       endorsed 

do  do       stock 

Memphis  ft  Charleston  1st  78.. 
do  do  2d  78... 

do  do         stock  . 

Memphis  ft  Little  liock  Istm.. 
Mississippi  Central  Ist  m.  7s... 

do  2dm.  88 

Mississippi  ft  Tenn.  1st  m.ls.. 

do  do     consol.  8s. 

Montgomery  ft  West  P.  1st  8s. 

do  do  Income 

Mont,  ft  Eufaula  l6t  8s,  g.  end. 

Mobile  ft  Ohio  sterling 

do  do       do     ex  certlf 

do  do  88,  Interest 

do  do  2d  mort.  88 

do  do  stock 

N.  Orleans  ft  Jacks.  Istm 

do  do    certlfs  8s.. 

N.  Orleans  &  Opelous.  Ist  m.  88 

Nashvllleft  Chattanooga 6s... 

Norfolk  ft  Petersburg  letm.Ss 

do  do  78 

do  do  2dm.  8b 

NortheaBtern,  S.  C,  1st  m.  8a. . 

do  2dm.  8s... 

Orange  ft  Alexandria,  Ists,  6&.. 

do  do  2d8,  6s.. 

do  do  3ds,  88. 

do  do  4tliB,  8s.. 

BIchm'd  ft  Petcrsb'g  Itt  m.  78. 

Rich.,  Frc'keb'g  ft  Poto.  68. . . . 

do  doconv.76 

Rich,  ft  Danv.  Ist  consol.  68... 

Southwest  RK.  Ga,lstm. 

S.  Carolina  KR.  Isi  m.  7s,  new. 

do  6»....  

do  78 

do  stock 

West  Alabama  8s,  guar 

I  PASl-  DITK  CUUI'ONS. 

Tennessee  State  coupons 

Virginia  coupons 

do      consol.  conp 

Memphis  City  eouponfl 


Bid.  Ask 


November  13,  li75] 


THE  CHRONICLE. 


468 


NEW  YORK:  LOCAL  SKOURITIES. 


Insurance  Stock  LUC. 

S.  lUlLlT.  broker.  >S  Wall  ttrert.) 


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fjrp,  CHRONICLR 


[Nov.mber  13,  1875. 


3in)e0tment0 


STATE.  CITY  AND  CORPORATION  FINANCES. 

The  "  Investors' Sappleineot"  Is  published  oq  tbe  last  Saturday 
of  each  month,  and  furnUhed  to  all  r«$;ular  Bubncribers  of  the 
Crbonicle.  No  single  copies  of  the  Supplement  are  sold  at  the 
ofBcK,  as  only  a  suiBcient  number  is  printed  to  supply  regular 
subscribers 

ANNUAL    REPOATS. 

Boston  &  Albany. 

(For  the  year  ending  September  30,  1875). 
The  direc.ors  of  the  Boston  &  Albany  Railroad  Company  have 
filed  tlieir  annual  report.,  with  the  railroad  commisBionerR  of 
MasoachueettB,  for  the  late  fiscal  year.  The  report  is  simply 
Btatisticsl  and  not  accompanied  by  any  remarks  as  to  tlie  affairs  of 
the  company,  but  ihf  figures  are  eloquent  iu  showintr  a  large 
falling  ofTin  earnince  as  compared  with  those  of  1873-4.  It  will 
be  seen  tlial  the  gross  income  was  $7,949,067,  against  $9,009,831 
in  the  previous  vear. 
Balance  sheet  as  follows: 

'      Dr. 

Cost  of  road  and  equipment tS8,S95,957  30 

.  Cost  of  Soath  Bi  stuu  pr.iperty Hi,tii  tZ 

Cost  of  Hudson  River  briaRes 475,4«.'>  On 

Note?  receivable 74,743  48 

Material 1,409,1)75  32 

Ileal  estate  and  lands i:»,67S  9(i 

Due  from  individaale  and  corporations 427,81b  h9 

Trustees  of  Albany  finking  f and 1:«,826  2J 

WeKt  Stoclibridge  railroad  stock 13,(K)0  iiO 

Cash 521.396  66 


he«n  predicted.    The  net  earnings,  from  all   sources,  are  nei.rly 
$25,000  ill  excess  of  last  year.        »        »        »        «        » 

On  the  first  of  April  last,  tbe  StoniujftonSeamboat  Company,  in 
which  ill' »  company  liiid  a  controlling  interest,  was  consuliilatod 
with  the  Providence  &  Mew  York  S-.eamsUip  Compioy,  under  tlie 
name  of  tiie  "  Providence  &  Stoi  in^tou  Steamship  Cojipany," 
with  a  capital  of  $1,400,000  ;  and  und^r  autliority  granted  by  tbe 
LiiBisiatures  o(  Kliode  Island  and  i;onnecticut,  the  interest  of  this 
corporation  in  the  new  company  has  brtHQ  increased  t-  $800,000, 
by  which  it  retains  couttol  ol  both  the  Sioniugtoo  and  Providence 
Steamboat  Lines,  It  is  believe  I  thai  this  investment  will  in  itself 
prove  a  large  and  constantly  increasing  source  of  revenue,  and 
what  is  of  equal  importance,  will  prevent  tlie  possibility  of  a 
ruinous  competition  by  a  first-classlioeof  steamers  ruoaing  direct 
to  Provideoce,  in  whicli  this  company  would  bavenoiaterest,and 
over  which  it  cou  d  liave  no  control. 

Receipts  were  as  follows: 

Throagh  Passage $235,411  4< 

Localpassage 8^6,759  63 


fhrouKh  freight 8;2,m  78 

Local  freight 138,142  54 


-    $462,171  09 


350,940  S6 

9.456  25 

6,48i  56 

.58  >  05 


Total $3J,207,704  36 

Cr. 

Byaplta)  stock $20,000,000  00 

Albany  city  bonds 103,000  00 

Western  Railroad  boada  246,0(0  00 

Seveu  per  cent  bonds 6,000,000  00 

t-ix  per  cent  bonds 1,01)0,000  00 

Unclaimed  dividends S9.181  4J 

Contingent  fund      633,588  19 

Dividend  \o.  16 1,000,000  00 

Pittsfleld  &  North  Adams  Railroad  dividend .  13,500  On 

Ware  River  Railroad  dividend 20,6-.iJ  00 

Notes  payable 1,161,5119  75 

Resurvedfuud 3,000,000  00 

Total $32,207,704  3« 

The  report  also  contains  the  following  figures  : 

1875.  ;8-4. 

Authorized  capital  stock $27,335,000  CO  $27,' 8i,000  00 

Anii'unt  paid  in  and  actually  realized 20,129,283  60  19,8b4,li0  00 

Number  of  stockholders  5,22:1 

Funded  oebt     t6,S49,000  00  5,658,000  00 

Debt  liabilities .     8,674,116  17  8,34«,564  00 

Expense  for  coDSirnction 24,139,91162  2.3,8?6,64U  (iO 

Av.  cost  olcon>trnctiouper  miiC,  singletrack....  .53,492  09 

Cost  of  equipment 4,453,0i5  68  4,453,045  00 

Total  p  opcFiy  and  •»^8ltsof  thecomp.iny S2,207,'0t  36 

Land,  exclusive  of  loiaiion,  3,008  acres 6,607.866  00 

Lanil,  included  in  location.  2,316  acres 673,200  00 

Land  used  for  businees  of  road,  exclusive  of  loca- 
tion, 8-i8. urea 5,574,162  00 

Net  ad.  ition  to  property  account  for  theyear....         854,271  15 

Receipt!',  i)asa  nger  department 8,295,444  68  !    3.381663  00 

R  ceipts,  freight  department 4,32MS0  74  5,283,599  00 

Eirnl.:g5    7,634. 1:J9  98 

Karntngs  per  mile  of  road 2i.016  05 

Total  Income 7,949.667  31  9,009,82100 

Expenses  of  operating  road 5,371,»9i  83  6,54S,vli  00 

Kxpen  es  per  mile 16,920  44  20,6i5  00 

Pe:  cent  of  expenditure  to  income 6  839  7  306 

Income  over  operating  expenses $2,509,514  43  $2,414,916  Oi 

Net  en r  ings..... 1,221.411  21 


Mail  si'rvlcc 

R*'nt.  balance  account 

Interest  account,  balance  acc'iants  . 

Dividend  Stoniusrton  Steamhnai  Company  1I9,2^9  50 

Receipts  under  cnn  ract  Fall  River  Line  I8.5flJ  09 

Ferry  saloon,  balance  accounts 746  30 

$968,171  01 

Fxpenses $559.6«  91 

Net  earnings  ;8J5 40.-,541  10 

Paid  dividends 280,000 

"    interest  on  6  per  cent  bonds 4,560 

•'  '•       extension  road  bonds 16,000 

'*  *'       improvement  bonds 7,0ilO 

"  "       7  per  cent  bonds,  issue '69 68,240 

834,500  00 

Surplus $73,741  10 

Richmond  switch  accident $882  14 

Construction  account $127.733  19 

STOCK   AND    BOKDS. 

Capital  stock  authorized $4,000,000 

"     issued .    a,6«0,000 

Six  per  cent  bonds  due  1878    100,000 

Loss  exchanged  lor  7  per  cent  bonds 24,000 


Seven  per  cent  bonds  due  in  1899— 

Sold  to  cover  interest  111  Steamboat  Co 425.000 

Sold  on  account  of  construction 284.000 

Issued  in  exchange  for  6  per  cent  bonds 18,000 

Sold  this  las:  year 10.000 

Seven  percent  imp  ovement bonds 

Extension  road  bonds- 
Six  per  cent  bonds  due  1878 

"  "         1881 


200.000 
,    50,000 


T6,0OO 


817.000 
100,000 


250,000 


Leiig  b  of  main  line. 

Double  track  on  main  line  

Length  of  brunches 

Length  of  load 

Milfs  opt-rated 

Locomotives 

.  Passenger  cars        

Mail  and  biggage  cars  

Freight  cars  ... 

L.'Comotives  with  train  brakes 

Cars  with  train  brakes 

Cars  with  Miller  platform  

Miles  run  by  passenger  trails 

Mil.  8  run  by  freight  trains 

Toial  train  miles 

Passengers  c.t  rried 

Passenger  mileage 

Tons  freighi  carried 

Freight  mile  ige 

Average  rate  passeng.  r  fare  

Average  rate  season  passenger  fare. 

Average  rate  for  all  passengers    

Average  rate  f lelght  per  ton 


201  65 

201.65 

47. 9< 

249  63 

317.48 

2J3 

190 

54 

4562 

4» 

214 

228 

1  •387,'!10 

3.43'*.576 

4,91)9,216 

5.90),4;7 

l!9,'2li,916 

2,439,472 

282,309.789 

02.65 

01.02 

02.48 

02.85 


201.65 

2ill.ti.S 

47.98 

219.63 

317.48 

239 

190 

64 

4816 

41 

1611 

184 

l,3!6,0i8 

3,606.159 

5.069.790 

5.8!'9  8^2 

122,ni3,-2^fi 

2,6BH,  10.1 

290,672.36!' 

02.61 

01 .02 

02  47 

02.62 


New  York  Proyidence  &  Boston. 

(For  the  year  ending  August  31, 1875). 
The  President,  Mr.  S.  D.  Babcock,  says  in  his  report : 
While  the  receipts  for  the  present  year,  from  all  sources,  are 
nearly  $21,000  in  excess  of  the  previous  year,  the  actual  earnings, 
independent  of  dividends  from  the  steamboat  company,  interest 
account,  and  amount  received  from  Fall  River  line,  are  $20,000 
less,  viz.:  for  1874,  $a50,000  ;  1875,  $830,000.  On  the  other  hani, 
notwithstanding  there  has  been  charged  to  "repairs  of  road" 
$33,000  more  than  last  year,  the  running  expenses  have  been  de- 
creased. So  that  the  net  earnings,  as  compared  with  last  year, 
diFcarding  in  both  canes  all  revenue  from  outside  sources,  is  but 
$16,000 1«»8— ft  retnlt  mncU  more  lavorftble  tbitn  could  ialtl^  ^ayt; 


Ohio  &  Mississippi. 

An  abstract  of  the  annual  report  was  given  some  time  since — 
the  full  report  is  juat  published,  and  the  President  remarks  under 
date  of  Sept.  24,  1875  : 

"I  regret  to  remark  the  continued  severity  with  which  the  de- 
pressed state  of  general  business  has  affected  earnin   s. 

"We  have,  however,  obtained  in  net  earnings.  $863  510  48, out 
of  which  tne  interest  on  the  whole  mortgagn  and  bonded  debt  of 
the  company  has  been  pai  I,  viz.,  $770  273  29,  as  well  as  the  pur- 
chases and  redemption  ot  bonds  lor  the  several  pinhin?  funds, 
amounting  to  $75,198  75,  and  leaving  »  surplus  of  $18,038  44. 

"The  net  earnings  of  tne  half  year,  endei  3Ut  Dec,  1874,  were 
$604,4'*3  45,  or  considerably  more  than  the  total  expunses  and 
charges  incidental  to  those  six  months,  inc'uding  coupon  Interest 
and  preferred  stock  dividend.  Consequently,  we  anticipated  the 
payment  of  the  preferred  stock  scrip  dividend  of  1st  Dec,  1873, 
due  Ist  March,  1875,  $139,580,  and  in  the  beliet  that  the  remaining 
six  months  would  yie  d  the  usual  average  result,  we  paid  a  further 
divHend  on  the  preferred  stock,  Ist  March,  1875,  $140,854. 

"Unhappily,  the  severe  winter,  follo-ved  by  the  deplorable  rail, 
road  competition  for  which  no  responsibiliiy  can  attach  to  us.entire- 
ly  frustrated  these  expectations  ard  have  augmented  current 
liabilities  and  decreased  floating  assets,  together,  $196,717  92. 

"The  financial  position  of  the  company  has  been  maintained  by 
moderate  time  loann,  at  Interest  in  no  case  exceeling  legal  rates. 

"I  have  now  the  pleasure  to  state  that  traffic  has  nearly  returned 
to  its  normal  condition,  and  provision  lor  all  ordinary  engage- 
ments may  be  considered  as  certain. 

"You  have  been  already  informed  by  circular — copy  herewith — 
of  the  acquisition  of  the  Springfield  &  Illinois  Soutlieastern  Rail 
road,  nrw  operated  as  the  Springfield  Division,  and  adding  233 
miles  of  additional  main  track,  and  making  a  total  of  700  miles  in 
our  O.  &  M.  Railway  system,  including  second  track  and  sidinss. 

"The  ooerations  of  this  division, duringthe  four  months  we  have 
worked  it,  show  net  earnings  $22,771  04  during  the  dull  season  ; 
business  on  it  is  rapidly  growing  and  favors  our  original  expecta- 
tion that  when  interest  on  the  bonds  issued  for  the  pnrchaae  of 
the  road  first  falls  due,  Ist  Nov.,  1877,  the  surplus  earnings  of  the 
division  will  fuliy  meet  tuat  interest,  while  its  importance  as  a 
feeder  to  the  main  line  is  daily  becoming  more  evident." 

Indianapolis  Cincinnati  &  Lafayette. 

(For  the  year  ending  June  30,  1875), 
For  a  part  of  the  year  the  company  worked  the  Cincinnati  & 
Martinsville  road,  from  Martinsville,  Ind..  to  Fairland,  39  miles, 
and  the  Wliitewater  Valley  road,  from  Valley  Junction,  Ind.,  to 
Hagerstown,  70  miles,  but  the  accounts  of  these  roads  are  not 
lnclude4. 

At  the  c'ose  of  the  last  fiscal  year,  ^une  30,  }875,  the  property 
WM  repifiaeaiei. ftt ioUowu  _.  „.__  _ 


Not  mbrr  13.  1875.] 


THE   CHRONICLE 


4fi5 


Caplnldock  ISim-WTW 

CtiMHnnti  *  IrdMM  stock.  tStO/OO,  lara  •481.M0.  ovnad  by  L  C. 
*L  CompaBr 1«,«00  tO 


Total  Mnck  <*3V  n  pe*  ini<«) . 
Faadtd  debt  (4S''.1SS  par  mUc) . 


.  tS.CSI.Tt7  SO 
.  It.ltO.'MST'J 


r 


Total  (W1.1«  p«rmlle) tl«.814,TOS  S9 

'  Of  the  funded  debt  oatalaodio^.  $1,439,300  wer*  fubded  debt 
bonda  iMued  for  tdvkDCee  nude  by  alockholdera  when  the  oom- 
pkaj-  w*a  r«  orsacized  id  1873.  Intere«t  on  theae  boodi  was  to 
begin  JuIt  1.  1875.  but  cooceroinif  thrm  the  report  myr:  "Findinir 
in  April  last  that  the  •■arnini^  o(  the  ruaJ  were  not  locreaaicK  bo 
faat  aa  waa  expected  in  ltt73,  when  the  landed-debt  bonds  were 
isaaed  to  the  itorkholders  In  srttleinent  of  their  adTanoea.and  that 
the  intercat  due  Jan.  1.  187li,  could  not  be  paid,  yoar  director* 
lho«|tht  it  best  to  have  ao  affreemeDt  prepared  fur  ehanfring  tl>e 
■anM  into  preferred  alock.  It  ia  vital  to  the  in^eresU  of  all, 
whether  itockbnli'era  or  owoera  of  fundrd-debt  bonda,  that  tliis 
agn^ment  soould  Iw  aif^ed  by  all  before  Oct.  15  next.  It  is 
evi>l>Di  tbai  the  road  cannot  earn  $100,000  in  addition  to  iaat  jear, 
and  udIom  the  twods  are  rhaoKed  there  will  be  a  default.  Your 
direetora  have  ai^ed  for  their  bonda  and  are  naingeverr  •xertioo 
to  iuduea  all  tn  come  in.  When  thia  is  done,  we  can  take  stifps 
to  pmTidefor  the  million  of  Cincinnati  &  Indiana  bonds  due  Jan. 
1. 1877." 

Bills  pavaMe  and  call  loana  amoant  to  $906389  M ;  accrued 
int'r^i,  $•  13.967  SO;  aoeounU due  and  peraooal  cUima,  $313,- 
813  C3.  makinir  a  fl  latias  debt  of  $890,930  87.  The  supple*  on 
hand  are  valued  at  $90ji66  43.  The  eooatruetion  account  ha* 
bean  increased  by  |9.349.fnainlj  for  exoaaa  of  eoat  of  alaal  over  Iron 
rails  and  for  new  lidioga.  The  equipment  aeeoant  bai  been 
Inereaaed  by  the  eoM  ol  a  new  loeomotive. 

The  equipment  eooatsta  o(  17  paa>«ng«r  and  40  freight  engines : 
4  parlor,  3-5  paaa«ag»r,  Samoking,  9  poMsl  and  11  baggage  oara; 
727  box,  49  stock, M  coal.  280  flat  and  S5  eabooae  ears;  3  tool 
and  2  eanp  ears.  The  equipment  baa  b«ea  malatainod  In  good 
order  and  improved. 

Tbx  uillMga  of  loeomntivM  daring  tba  rear  waa:  Paaaenger. 
490.C30  milaa;  frrlght.  0023^  ;  switching,  395,885  :  eoMtnietion, 
43.08 ;  ioial,l384J085  »U«a,  at  an  averaga  eoal  of  l9Ji  mbU  per 
mil*.    Tba  work  doaa  was  aa  follnwa: 

iva  71       lac  or  Dec 

9A.IM  lae..       tljll 

, IMMLM*  lac..  UIV«n 

Teas rnl«ktBov«4 east ai^M       tmjKt  Dsc.      mj$n 

-  -  tnjm  Dee..        TJIU 


^■'^•OJWB  CSfTl#d. 


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.     li«.«M 


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bra'K*  par  rrricbt  irala  aU* I  «  IM 

Baprner* prr trala ■  la,  a!,  intaa.         OH  •  M 

A*  rscrlMprrpa-aeacerparaUi^  afa.*  1*  eta.  «  M 

At.  r<'«c|  I  POT  Ids  paralie e«a.  IM*  ct*.  I  TT 


1  Its  aaraiafa  tor  Um>  vaar  war*  aa  follows 


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fmr  earn  of  rxp*i»«a    . 
frf  uai  of  rxpasaM  M 


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lae.. 

Dec. 


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in 


A  saiiinarv  of  the  proflt  aad  1 
jfaaialaiariWyaar 


Mas  D*c. 
I  MMuat  ia  aa  fellowa : 


4  01     «  I 


!■*• 


'•aAaiia 


Booii  Ia«a*(aiaa4  ..la.  *  lad.  dlvMaad. 


MMOII 

auMao 


•(70.«MU 


Il74«tt 


•aaatyaar 8ai.m  » 

Tba  aelaal  Mltitmcj  lor  tba  year  balag  |1S.M1  78. 

Tba  radaetion  la  axpaaaea  waa  owlnir  to  Iha  fall  In  labor  and 
materials,  and  also  to  the  fact  that  moat  of  th«  daersaaa  ia  freight 
baainrs*  wa<  ■'  '  —  --•  •- -'  •  That  deeraaaa  waa  largely  in 
I'onila-nUl  I  >  iba  opening   of  tba   Chicago 

Dirialoo  of  II 

ImpmTFmpDta  during  lue  year  include  tba  rebaildiag  of  aix 
br<dire«  and  thm  water  autioos ;  90  mile*  of  new  fenea  ;  S.*i  300 
new  i<e>  :  3  lUH  fpFt  of  n>-w  ^idinra:  5^  ailea  new  steel  rails  laid. 
making  274  mile*  of  sirel  now  un  tba  road  ;  9t  mil  s  of  iron  ralla 
Ivnewad.     The  rep.,rt  aaya  ; 

"  Wa  bare  kepi  our  ratea  good  and  maintained  harmnniona 
rataliooa  with  all  onr  competing  lines,  with  but  little  exenuiion, 
Bat«tth«tandiag  tba  daaoraliaation  ia  lalaa  that  baa  prevailed  all 
aroand  oa. 

"  Thai  our  earnings  have  fallen  offia  due  largelv  to  tha  com- 
peiltino  ul  the  irnak  line*,  which  by  their  extreme  low  rates  ol 
frrlchi  and  paasag-  have  diverted  boalnaes. 

"Ia  March  last  we  coaaMiieMj  to  operate  the  ClnelonBii  & 
Manios'liU  Rallmad,  under  a  verbal  arrangement  by,  wblrli  so 
long  aa  I"  conilnued.  we  ahou'd  opera'o  tlie  roa>l  and  pay  over  i's 
Bet  earning*  to  the  CiDclnnati  ft  Martinsville  Company,  cbsrgio2  | 
nrxhlotf  for  superintendence.  T>  ia  contract  can  be  termlnat-d  ai 
the  nleaaureoiriiberrompaaT.  S-i  far  It  haa  worked  ratisfaeto'llj. 
"  In  .March  U«i  we  enteral  into  a  aontraet  fijf  operatior  tlir 
Wbt.r,  Water  Valley  Railmad. 

"Tie  Slock l>ol-ler«  and  bnD<*bnldera  of  thia  »tmp*ar  are  in 
lltlgaiioo.  and  thia  mntra>-t  ia  liaM-  to  ha  terminated  by  anc'- 
liDgaihm.  So  far  it  baa  eoet  its  noihiag,  neither bave  wa  rveelred 
Boafa  prefli." 


QENfiRAL   nrVE-iTMBNT    NSyV^S. 

Arkansas  State  Finances.— Littlk  Rock.  Ark.,  Nov.  11.— 
The  Kt«te  Senate  to-day,  with  but  one  negative  vote,  pas^-ed  an  act 
aulh  riling  the  State  Board  of  Finance  to  hypothecate  the  bonds 
of  the  State  as  security  for  money.  An  act  was  also  pasaed 
increaaini;  the  rate  of  taxation  to  meet  the  principal  and  Interest 
of  any  snm  that  may  he  borrowed. 

Central  Railroad  of  Iowa.— The  decree  of  the  United  States 
Circait  Court  of  Iow>.  foreclosing  the  Cjniral  Railroad  of  Iowa, 
at  the  suit  of  the  Farmers'  Loan  and  Trust  Coiupaoy,  is  reported 
to  be  in  subetanca  aa  fo>low8  :  It  decides  that  the  first  mortgage 
for  $3,700,000  is  overdue,  and,  with  interest,  the  plaintiSs,  aa 
rapre«entativea  of  the  first  mortgage  bondholders,  are  entitled  to 
$4,833,334  69  in  gold.  The  second  mortirage  bondholders  are 
entitled  to  tB35,000,  or,  with  inteteet,  to  $1,136,240  86,  and  the 
third  mortgage  boudholders  are  entitled  to  $420,00(1.  It  thea 
directs  a  sale  o(  the  property  at  Mar.-balltown,  Iowa,  aa  one  lot, 
oa  four  weeks' notice.  Under  a  provision  in  the  first  mortgage, 
deaigned  to  prevent  a  sacrifice,  on  fjrecloanre,  of  the  property  by 
roreed  sale,  the  Farmers'  Loan  and  Trust  Company  are  authorized 
to  Md  In  the  road  at  an  amount  not  exceeding  the  principal  and 
Intereat  due  on  the  first  mortgage,  and,  if  they  purchase  it,  to 
organize  a  new  company  in  conformity  with  the  views  of  a 
majority  ot  the  first  mortgage  Imodholders,  and  transfer  the  road 
to  aoeb  new  company.  In  that  now  company  there  is  to  be  isnued 
a  iceood  claaa  of  stock  at  par  to  the  second  mortgage  bondholders, 
aad  eomnton  stock  at  par  to  the  third  mortgage  bondholders  and 
general  creditors.  The  old  stockholders  are  also  to  receive  oom- 
moa  nock  at  the  rate  of  one  ahare  new  (or  three  old.  Any  of  the 
erediiors  are  to  be  at  liberty  to  redeem  from  the  first 
boadboiders  within  a  year,  and  there  is  a  provision  in 
(avar  of  laborers  aad  men  who  have  furnished  material,  (trotecllng 
thair  prefereneea  where  they  have  them.  The  counsel  for  the 
traatoea  are  Tnrner,  Kirkland  t  McClure,  of  120  Broadway. 

District  of  Colombia  Bond«.— The  Washington  Stock  Ex- 
ebaage  baa  decided  that  the  3-65  bonds  shall  hereafter  be  reeng 
aiaed  and  classed  in  all  transactions  of  the  Exchange  aa  bonds  of 
the  United  State*.  A  short  tim^i  ago,  Deputy  Attomey-Qenerat 
Falr«bUd.  of  New  York  State,  gave  a  le/al  opinion  thut  aaving. 
haakaeoold  not.  under  the  law,  invest  in  District  of  Columbia  tHjiids 
Tka  Attomertieueral  uf  the  United  States  haa  since  given  .his 
oplaioa  that  the  Uaited  Staiea  Uoverumeat  is  responaible  for  the 
aad  now  Attorney  Oeneral  Pratt,  of  this  Slate,  gives  hia 
reversing  the  former  decision  of  his  deputy,  and  conclud- 
ing that  saving*  hanks  may  invent  in  theae  seeuriliea.  A^  llils 
opialoa  can  hardly  decide  the  question  as  a  matte'  of  law.  it  might 
bawlaest  for  the  aaviiiga  baaHa  to  wait  for  definite  action  on  the 
qaaaiioo  by  the  New  York  (legislature. 

Gllauia  Cliaton  k  HpringBeld.— The  Illinois  Supreme  Court 
iMaalBrmed  the  drciaion  of  ttiK  McLean  County  Circuit  Ciu  t  in 
tha  Kally  auit,  that  the  awick  iasaed  to  the  Morgan  Improvement 
Oompaay  la  Illegal  and  muu  be  eaaealed.  The  Court  bolds  that, 
•hUa  tbiaeoairact  with  the  Morgan  Improvement  (kimpany  waa 
act  Iraadalant  in  th«  Brat  place,  yet  It  wa>  illegal  ^or  a  director 
ol  tba  railroad  oimpaojr  to  beaoae  a  member  of  the  Improvement 
Obmpany.  and  that  tha  dkapoaittoa  of  the  aloek  waa  such  as  the 
diiectors  oouia  ant  rifbtfaHj  make.  The  (>>ort  in  ua  decree 
dlraoMd  the  Maater  in  Cliaaeary  to  giva  notlea  of  ao  eleoi  ion  of  a 
aaw  beard  of  directors  by  tbafta44jl<i«  atnekhoMers, -xclnding 
owned  by  the  Morgan  Improvement  Compai<y.  Oo  the 
of  the  new  board  of  directors  it  will  be  ihe  duy  of  the 
Cbart  to  diacbarge  the  Receiver,  if  It  haa  not  already  donn  so,  first 
raqalrlag  biro  to  aeeoaat  to  the  new  board  for  any  funds  that 
■ay  be  ia  bis  hands  belonging  to  the  company. 

(Texas)  City  Fiaaana.— At  a  meeting  of  holders  of 
of  tba  city  of  Houatoo,  at  th<  offl  e  of  Mr.  J.  C.  Chew,  the 
Mlawlag  raport  waa  made  aad  adoptad  : 

sppalatadsl  a  asatlacof  Iha  bondboldcra  of  Ihacllyor 
tha  oAee  of  Mr.  J.  fl.  (Aaw— for  thq  parpoaa  of  approrini; 
.  of  a  1  par  esal.  bead,  s^raad  apoo  to  ba  reesirad  br  aa<d  bond- 
la  ssakaage  Isr  tba  10  par  cent  dateallad  bond,  prorldl  ig  adsqaila 
.  >a  shaaM  Sa  aaaaved— rapavt  that  said  arfaacaiaaat  haa  not  b<-  n  ap- 
imvsi  by  the  City  Osaaai  ef  Ifaaatee,  sad  that  eooaeqaanliy  ibeir  p  ■war-, 
Briag  harilad  la  tba  aaeapMaes  of  aad  approval  of  a  7  per  c«  'i.  bun'i,  haa 
aasasl.  Tbay  aia  eoaMant  frnni  the  azpreaaion  or  tba  h'>lder«  at  the  mr  ini; 
I  la,  aad  ri«a  tha  nrsarai  dlapnaltloa  of  bondboldera  w  <r>in  thry  liivo 
isr  lala  of  lalarast  will  b«  raaslvad.  aad  tb  It  onir  for  a  bond 
by  ledalaiivaaatlan:  and  that  delay  la  proaacalnc  iba  city 
~~*'  of  the  law  la  only  advlaahia  frna  tha  lapr«a«T<in  tbit  a 
ramBaal  likely  to  uka  place  at  tha  enaalog  alectlon 
yTaaaii  la  IbeieasplsaBa  of  tba  laraaa  acrae'l  opoo  al  Ih«  bondholdera* 
Mrallne.  any  ahaliaiaat  ef  wblcb.  oa  the  part  of  lbs  city  of  llouat>D,  wonld  be 
vaieai  t  >  lieiBplBd  repodlatlon.  aa  Iteaaoot  be  Jaatly  claimed  that  cl  r 
lahabltaati,  aad  par  nnal  and  rea'  aalato  worih  at  lea  t  |1S,noo  OW  Is 
I  sad  aaabla  to  pay  T  per  cam.  lotaraat  tn  a  debt,  the  anaacurcd  por- 
■saaf  wMch  bat  Utile  azcaeda  one  n'llinn  or  ddlara. 

ALB-ar  If.  NicoLAT,        I 

JoMK  J.  Vas  IfosTaAan,  vCommlttee. 

B.  II.  AaacMBBBa,  ) 

IMiaaapoliii  Cincinnati  A  Lafiijrette.— The  annual  meeting 
of  stuck  holders  waa  held  io  lodianapolia,  Nov.  I,  and  the  following 
were  riected  directors :  Oeo  Bllsa,  Wm.  A.   Booth,  and  Clias.  U. 
Lnndr*,  o)  New  York  ;  T.  H.  Perkins  and  J.  8.   Fay,  of   Boston ; 
Wm.  T.  Rernolda  and  W.  Forbes,  of  Lafayette,  sud  S.  J.   Broad- 
well  snd  \\  .  F   Ingalla,  of  Cincinnati.     N  >  rhan^'u  of  cfflcers  was 
made    It  waa  drcidrd  not  to  purchase  the  Martiasville  brsnch,  but 
tba  President  is  soihortied  to  leaae  the  road  for  a  tem  of   fil'e>^n 
years,  under  <he  asm-  arrangrmenis  now  existl-<g.     The  project 
of  hnilding  the  cut  olTat  Lawrencrburg  was  considered  favorably, 
and  atepa  are  to  he  taken  to  begin   the  work    iinmediatr-ly.     The 
piece  of  roau  wi  1  be  one  mile  in  length  and  save  a  circntioua  routt 
ofslim'lea.     Lawren^enurg  la  not  to  lie -et  off  in    tlie   ciM,   luit 
tba  cut  ofl  la  to  be  used  only  for  Isst  tlirongh   trains.    Tba   tiaa 
irlU  be  four  boara  trom  Clndsoatl  to  lodl^napoiis. 


real 


468 


THE   CHRONICLE. 


[November  13, 1875. 


— The  Railroad  Gazette  Bays :  It  is  stated  that  holders  of  nearly 
$1,200,000  out  of  the  |1,439,200  funded-debt  bonds  hav»  assented 
to  the  proposal,  made  in  the  annual  report,  to  excbanire  them  for 
preferred  stock,  and  that  it  is  probable  that  the  assent  of  the  rest 
will  be  obtained  without  difflculiy.  It  i<  said  that  negotiations 
are  on  foot  for  a  purchase  or  long  lease  of  the  Cincinnati  & 
Martinsville  road,  now  worked  under  a  temporary  agreement. 

JacksouTille  Pcnsacoln  &  Mobile.— In  the  United  States 
Supreme  Court,  Oct.  39,  the  case  of  the  State  of  Florida  against 
Anderson  and  other.s,  appeal  from  the  Circuit  Court,  was  argued. 
Tlie  State  holds  |3,000,000  first  mortgage  bonds  on  the  Florida 
Atlantic  &  Gulf  Central,  the  Pensacola  &  Georgia,  and  the 
Tallahassee  railroads,  which  were  consolidated  as  tlie  Jackson- 
ville Pensacola  &  Mobile.  Those  bonds  are  not  due  till  1891,  and 
the  plaintiff  claims  that  a  sa'e  of  the  road  under  ihe  defendants' 
liens,  as  ordered  by  the  Circuit  Court,  will  work  injury  to  the 
rights  of  tlie  State  under  its  first  mortgage.  The  defendants 
claim  that  the  bonds  held  by  the  State  were  given  in  exchange  for 
State  bonds  issued  as  subsidies,  and  that  they  are  not  a  first  lien 
on  the  property,  their  own  bonds  being  In  fact  the  first  mortgajre, 
and  that  the  decree  given  in  their  favor  by  the  Circuit  Court  is 
right.  The  case  has  been  in  litigation  tor  several  years,  and 
Home  intricate  legal  questions  are  involved. 

Kansas  ami  Missouri  Bridge.— St.  Locis,  Nov.  10.— The 
Kansa»  and  Missouri  bridge,  which  spans  the  Missouri  river  at 
Leavenworth,  has  been  placed  in  the  hands  of  a  lleceiver. 

Kansas  Pacific  Consolidation.— The  Central  City  (Col.) 
Uegiister,  of  Oct.  11.  had  ihe  following: 

In  accordance  with  an  invitation  extended  to  the  public  by  the 
board  of  county  commissioners,  many  tax  payers  of  the  county  met 
with  that  body  at  their  otfice  on  Saturday  to  confer  with  General 
Carr,  president  of  the  Kansas  Pacific  Railway,  concerning  the 
proposed  consnlidation  of  tbe  Kansas  Pacific,  Arkansas  Valley, 
Junction  City  &  Ft.  Kearney,  Boulder  Valley,  Denver  Pacific, 
and  Colorado  Central  roads,  as  one,  under  one  management. 

General  Carr  was  present  with  lull  reports  of  all  the  roads  now 
controlled  by  him,  which  embrace  all  tho<e  proposed  to  be  consoli- 
dated, save  the  Colorado  Central.  The  length  of  the  various  lines 
now  in  operation  are  as  fo  lows: 

Railroad'.  Nj.  of  Miles. 

Kaneiis  Paciflc VyTi 

Arkansas  Valley 7ti^ 

Junction  City  and  Fort  Kearney  ;^;i 

Boulder  Valley 27 

Denver  Paciti.: 106 

Colorado  Cmtral 82 

Total P96,>i 

Tne  capital  stock  of  the  Kansas   Pacific  is  $10,000,000,  of  the 
Colorado  Central,  $1,370,000.  Theother  roads,  having  an  aggregate 
length  of  2'13i  miles,  have  an  aggregate  capital  stock  of  $8,630,000. 
The  cost  ot  the  various  roads  Is  in  round  numbers: 

Kansas  Pacific ..  $34,359,.M0 

Arkansas  Valley  ($18,000  permilc) ...      1..37",000 

Boulder  Valley  (tiO, "00  per  mile) 5*0,000 

J.  C.  &  Ft.  K.  ($15,000  per  mile)  495,000 

Denver  Paciflc 2,544,0;)0 

Colorado  Central 3.900,000 


Total $43,215,510 

The  net  outstanding  indebtedness  of  the  Kansas  Pacific,  Junc- 
tion City  and  Fort  Kearney,  and  Arkansas  Valley  roads,  combined, 
is  in  round  numbers  $16,000,000.  Tuat  of  the  Boulder  Valley  and 
Denver  Pacific  we  have  not  bean  able  to  learn,  while  that  of  the 
C  )lorado  Central  consists  of — 

Binded  debt $1,530,000 

Floalino:  debt l,.3l)0,000 

Total $2,530,000 

As  stated  by  Mr.  B.  H.  Rollins,  acting  secretary  of  the  Colorado 
Central  Company. 

General  Carr  presented  also  monthly  and  annual  statements 
from  the  books  of  the  various  companies  other  than  the  Colorado 
(-entral  Railroad,  showing  that  their  incomes  from  passenger  and 
freight  traffic  pay  the  running  and  current  expenses  of  the  several 
lines,  the  interest  on  their  outstanding  indebtedness,  leaving  a 
small  annual  balance  to  be  used  as  a  sinking  fund. 

The  Colorado  Central  boada  draw  eight  per  cent  gold  interest, 
or,  at  present  rates  of  gold,  over  9  1-3  per  cent,  or  a  total  interest  on 
the  bonds  of  $114,800.  The  floating  debt  is  probably  in  the  form 
oi  accounts  slated,  and  if  so,  draws  legal  interest,  or  10  per  cent. 
This  gives  the  interest  as  $130,000,  or  a  total  annual  interest 
payable  by  the  company  of  $244,800.  To  meet  this,  the  president 
of  the  road  is  reported  to  have  stated  at  the  last  meeting  ot  the 
company,  held  in  Seotember,  that  the  annual  gross  income  of  the 
Colorado  Central  road  is  $300,000,  and  that  55  per  cent  ot  this  is 
required  to  pay  the  current  expenses  of  the  road,  leaving  45  per 
cent,  or  $135,000,  to  bo  applied  on  the  interest  ot  the  outstanding 
indebtedness.        *        «        *        * 

Gen.  Carr  stated  his  proposition  to  bo  that  Gilpin  county  should 
surrender  her  stock  in  the  olorado  Central  Railroad,  and 
receive  a  like  amount  in  the  stock  of  the  consolidated  company, 
la  answer  to  inquiries  on  that  point,  a  Ittter  was  produced  by  Mr. 
Carr  from  Jay  Gould  to  A.  J.  Poppleton,  attorney  of  the  Union 
Pacific  and  of  th"  holders  of  tbe  floating  indebtedness  of  the 
Colorado  Central  Railroad,  asking  him  in  what  way  it  would  be 
necessary  for  holders  of  this  debt  to  close  out  the  stockholders,  in 
case  the  Colorado  stockholders  should  refuse  to  join  in  the  propos- 
ed consolidation.         »        *        * 

The  eycessive  indnbtedness  of  the  Colorado  Central  road  caused 
a  good  deal  of  astonishment. 

When  asked  why  he  desired  a  consolidation,  when  the  stock 
was  so  near  valueless,  and,  according  to  the  showing,  eo  much 
worse  than  that  of  the  other  road.  General  Carr  said  that  it  was  a 
part  of  the  settlement  of  all  quarrels  between  the  Kansas  Pacific 


and  the  Union  Pacific  companies,  and  that  on  the  completion  of 
this  settlement  the  Kansas  Pacific  would  receive  upwards  ot  $800,- 
000  cash  from  the  Union  Pacific. 

MIssonri  PaoiAc. — A  dispatch  from  St.  Louis,  November  9, 
said:  At  a  meeting  yesterday  of  the  directors  of  the  Missouri 
Picific  Company,  the  Atlantic  &  Pacific  Company  surrendered 
the  former  road  to  the  directors.  A  statement  wai  made  that  the 
Atlantic  &  Pacific  Company  has  expended  for  the  latter  road,  in 
various  improvements,  over  $1,250,009,  and  for  which  the  Mis- 
souri Pacific  stands  indebted.  Of  this  sura  Andrew  Pierce  individ- 
ually indorsed  for  tlie  sum  of  $1,000,000.  For  this,  and  other 
reasons,  Mr.  Pierce  was  elected  General  Manager  of  the  Missouri 
Pacific  road.  The  other  officers  of  the  road  remain  unchanged. 
The  Company's  indebtedness  to  St.  L'mis  County  was  considered, 
and  action  taken  that  will  assure  payment  ot  all  past  due  interest 
at  an  early  date. 

— An  action  has  been  commenced  by  holdHrs  of  third  mortgage 
bonds  to  the  amount  of  $850,000,  to  enforce  their  lieu,  for  non- 
payment of  interest. 

New  Jersey  Midland. — Pursuant  to  the  resolution  passed  at 
the  bondliolders'  meeting.  Oct.  21,  the  chairman  his  appointed  the 
following  committee  of  eight  in  addition  to  uimSHlf,  vi/,. :  Joseph 
N.  Balestier,  Brattleboro  Vt ;  Qrinnell  Bart,  Warwick,  N.  Y.; 
Charles  H.  Burtis,  New  York  City;  Smith  Ely,  Jr.,  New  York 
City;  John  J.  Brown,  Patersou,  N.  J.;  Wra.  8  Bnnta,  Ilackensack, 
N.  J.;  S.  E  Olrasteid,  Norwalk.  Gona.;  B.  S.  Francis,  Pittsfield, 
Mass.     The  committee  eleei.ed  Mr.  D.  B.  Halstead  chairman. 

New  Jersey  Southern. — A  meeting  of   the   first    mortgage 
bondholders   was  hyld   Tuesday    to  cbnsider   the  subject  of    re- 
organizing that  company  and  consolidating   the  railroads   con- 
nected with  the  New  Jersey  Southern  system,  including  the  Vine- 
land  and  the  Smyrna  &  Delaware  Bay  roads.     A   plan   of  azree- 
ment  between  Jay  Gould  as  creditor  and  the  Naw  Jersey  Southern 
Company  as  debtor,  was  brought  ud,  which  provides  that  all  first 
mortgage  bonds  held  by   subscribers,   and   certificates   of  1,019 
shares  of  stock  in  the  Long  Branch  &  Saa  Shore  Railroad,  shall 
be  deposited  in  some  trust  company.     The   trustees  are  author- 
ized, when  this  shall  have  been  done  by  Jay  Gould  and  the  hold- 
ers of  $1,500,030  (par  value)  of  the  bonds,  to  buy  in  all  the  real 
and  personal  property  of  tUe  New  Jersey  Southern  Railroad  Com- 
pany, which  may  be  sold  under  any  decree  entered  in   the  suit, 
now  pending  in  New  Jersey,  for  tbe  foreclosure  of  the  first  mort- 
gage (provided  the  sale  shall   include    not   only   the    New  Jersey 
Southern  Riilroad,  but  also  the  1,619  shares  of  capital   stock  of 
the  Long  Bransh  and  Sea  Shore  Riiiroad   Company  and  the  East 
End  Hotel)  at  such  price  as  they  shall  thiui  proper,  but  not  more 
than  $2,280,000,  the  title  to  be  taken  in  the  name  of   the  trustees 
for  the  subscribers.     In   case  a  new  company  shall  be  organized 
without  any  consolidation  with  other   railroads,  then   there  shall 
be  issued  and  delivered  to  the  first  mortgasre  bondholders  $2,330,- 
000,  with  interest  thoreou  from  May  1,  1875 — half  in    bonds  and 
half  in   preferred   stock   of    the   new   company  ;  to   Jay   Gould, 
$180,000,  with  interest  thereon  from  May  I,  1875 — half  in   bonds 
and  half  in  preferred  stock  of   the  company  ;  and   to   the  second 
mortgage  bondholders,  who  shall  become   parties  to   the   agree- 
ment, amounts  ot  the  common  stock  of  the  company  equal  at  par 
to  the  face  value  of  the  said  second  mortgage  bonds  held  by  each 
respectively,  without  interest. 

The  second  agreement  which  was  for  consolidation,  embraced 
the  following  : 

1,  The  follow  ng  roads  are  to  be  consolidated  at  the  following  valuations,  to 
be  represented  in  securities  of  the  new  company,  as  follows: 

Interest 


Railroads.  Valuation 

Long  Br.  *  S  S.,  l,t>19  shares.   $175,000 

{East  End  Hotel) 

N.J.  Southern,  first  mortgage.  2,2W,000 

VlneUnd 700,000 

Smyrna  &  Delaware  Bay 292,500 

Kent  County  300,000 


one  year. 
New     funded  to    Total 
Bonds.  May  1,  '75.  Bonds. 

*lo'n(M  \  ^^•'^'^  $104,000 

I.UO.'OOO      80,000  1,220,000 

350.000      21,501  374.600 

146,250      10,3S0  lo6,5<)0 

150,000      10,.V)0  1KO,500 


Reglet'd 
Stock. 

$87,500 

1.140.000 
350.000 
146.200 
150,000 


$2,015,5M  $1,873,700 


Total 

The  second  mortgage  bondholders  of  thi  New  .Jersey  Southern  Railroad  are 
to  exchange  their  bonds  for  common  stock  at  par.  The  *' Interest  one  year" 
in  the  foregotiig  table  repr^^sents  the  coupons  for  November,  1876,  and  May, 
1877,  which  are  to  be  funded  for  the  relief  of  the  road. 

2.  The  first  mortgage  bondholder*  are  to  buy  in  the  New  Jersey  Southern 
Rtilroad— and  Mr.  Gould  Is  to  procure  title  to  all  the  other  roads — for  transfer 
to  the  new  company. 

3.  The  purchase  of  the  New  Jersey  Southern  Railroad  is  to  be  made  by 
Trustees  appointed  under  the  first  agreement,  and  the  re-organization  and  con- 
solidation to  be  carried  out  by  a  committee  appointed  under  the  secoud  agree- 
ment. 

4.  The  bonded  debt  upon  the  consolidated  roads  is  not  to  exceed  the  toltow- 
Ing  amounts : 

Issued  in  payment  for  roads.  Ac,  as  In  No.  1 $3,015,500 

Reserved  to  provide  for  antecedent  mortgages  bong  Branch 

&  Sea  Shore  Railroad $200,000 

Toms  River  RailroKl '20,000 

Pemberton  &  New  York  Railroad 315,000—    695.000 

Reserved  in  Treasury  to  be  used  in  completing  roads 789,500 

Total  bonds  $3,500,000 

Preferred  8to;k  as  stated  in  No.  1  1,8'3,700 

Common  stock  as  stated  in  No.  I  not  to  exceed 1,000,000 

5.  If  first  raortijage  bondholders  sho  dd  not  bpconte  purchasers  of  the  New 
Jersey  Southern  Railroad,  then  iht>y  are  to  pav  Mr.  Gould  out  of  their  share  of 
profits  of  sale  $2.'0,000  for  the  Long  Branch  &  Sea  tshore  stock  which  he 
claims  to  own. 

tf.  If  Southern  roads  are  not  consolidated,  then  New  Jersey  Sonthern  road  i« 
to  be  reorganized  with  Long  Branch  &  Sea  Shore  Railroad  on  the  bas.s  of 
the  same  figures  at  which  they  are  to  be  represented  iu  the  consolidation. 

7.  Agreement  for  consolidation  to  continue  in  force  until  May,  1877,  With 
liberty  to  all  parties  to  exten  1  the  time  further  if  proper. 

Mr.  John  G.  Stevens,  engineer,  has  made  an  examination  of 
these  roads  and  prepared  a  report  at  considerable  length  for  the 
Information  of  parties  interested. 

There  was  much  excitement  at  the  meeting,  growing  out  of  a 
resolution  offered  by  T.  S.  Fernon.to  the  effect  that  the  first 
mortgage  bondholders    disapprove  tbe  plan  of    re-organijat  on 


NoTembiT  13,  1575.] 


THB  CBLftONIGLE 


4  (7 


S' 


rMsotad,  or  of  as;-  olber  plan  in  the  creation  cf  which  Jay 
Jjald  shall  haTe  participated.  This  reaolatloo  waa  finallr  de- 
faaUd,  and  the  plan*  of  re-organization  and  coosolidaiion  were 
adopted.  lo  the  Brat  agreement,  Oeoree  N.  Titaa,  Henry  Day, 
~  aal  W.  Bate*  and  John  W.  Sierlinr — the  laal  named  repru- 
MJr.  OodM — were  appointed  Uuteei  to  execute  the  pro- 
of the  agreement,  and  in  ilie  lecond  ai^reeraeDt,  (i.  De  F, 
Lord.  William  Walter  Phelpe,  John  W.  Sterline  and  C.  W. 
Hontinirton  were  appointed  to  execute  the  rreolntions  of  the  eer- 
etal  partiea  in  iniereat. 

Pallaaa  Pal«ee  Car  Compaaf.— At  a  lueetinir  of  the  direc- 
tors o(  th^  compaoy,  held  at  Cblcago,  Nor.  1,  the  following  pre- 
amble and  reaolntion  were  unanimously  adopted,  vix.: 


JThmm.  It  appesrsby  tha  llnaiMisI  >tatement  of  Jaly  31 
Ike  amiet  year  ftrr.OH  of  8  par  eaal.  beads  will  matora ; 
MMSt of  Tms cast,  beads  will aaura;  and. 


r  th«  'r*""**'  statement  of  Jaly  31. 1875,  that  dui-lDi; 

"  - .  ;  and  tbat  In  I*w 

Tims c«ac*  brntiii  will aMlara ;  sad. 
WlUrmt,  Ths  carrsDt  sarplas  saraiacs  srs  rsqalrsd  to  pay  IbreoastmctloD 
of  sddHie— I  esfs.  reodsfsd  aeessesiy  ^  the  taiisaslindsisaitsef  tbe  biul. 
■ass  of  Ike  eaapaay ;  sad 

Wltr—t  It  U  ssHiMlsd  that,  by  Umltiac  the  cash  dlridaads  to  $1  per 
sksii.  qBart«rly,  raAeieal  BMsey  inll  be  ftasrrsd  to  mire  and  esacel  the 
boiuli  St  or  bef ON  ■atarlty ;  aao, 

ITAsrsa*,  la  Ue  saisloa  ef  this  beaid.  It  la  (or  tks  trae  lalarest  of  lbs  cooi- 
iboadsby 


poaytopayiu 


tUs;  ttl 


ts  by  aMroerlatla«  a  pottioa  e(  lu  earrsat  rsrsaae  to  thai 
ptoTldlat  fcr  tbsir     " .--..--. . 

I  Is,  ibstslms. 

issdL  Ttat  a  dhrldsad  ef  •■  as  esck  sbsre  tnm  asl  saralafs  b*  ds- 


lastsadaf  i 
bstsftes. 


r  rsrtsmpiloii  by  ths  issas  of  new  iMul- 


dwsd  payable  oa  sad  sftsrXer.  IX  wn.  to  slockboMscs  of  rsootd  at  close  of 
butiisslfclsday.  (BIfaed) 

CUHLis  W.  ta— III  Bacntsry. 

The  Beaton  Bnvtd  atj* :  The  Sasedal  statemeat  abore  men- 
tioned we  are  enabled  to  present  In  full,  and  as  no  similar 
document  has  erer  been  permitted  to  come  betore  the  public  It 
will  be  of  special  Interest.  It  is  for  the  fiscal  rear  ending  Jnly  81, 
1875: 


Israla»s. > 

Oar  prjjpertiaa  ef  ^f^fi^  a*  etkssslseplag  < 

coapaay 


Palaat  f«ya!tiss 

PiTtdtads  oa  slock  la  PaHMaajoetkem  Car  Caapasy.. 
Div 


U.ISI  I* 

Alll  00 

1,M3  TS 


TetUi 


tM'ASMSr 


OpsfaMacsapeasss,  Isnsaad  lasa'aace tdKUr  TT 

Milatsasars  of  apbotoieiy  and  bsddls^ IMjm  m 

Oar  scoportloa  sf  npstailag  aapaaiss  sad  aala> 
tsasaes  ef  ■ptatiiery  aa4  bsadtaa  la  asr>  ef 
"*      slsaptag  o 
tedbytfisi 


apaay.. 


nSki 


_         I  of  lesasd  Ub«  (OMiial  aad  Sealkssa  TiaaspottsUoa 

OB^paalesi. 

'-' — sef  lalssssi,  dlsreaal ssdsWhsats 

t  lalereK  oa  beads 

lea  laflisl  stDsa"".J."."."."." 


■M.OM  on 

■.ei  ti 


tUflU  M 


TMsl 


•a*  lkeraar-bsLi<  saasssof  r<T«iuw  oTor 


eMsiylei 

lesasl  aa  atf  eifs  i 

ef  sarplaetarlka: 


la  rebolidiu  sad  raaad 
P«Uaaacsta.aad 


flttM.Bt  M 
TS.au  4T 

ra.cn  It 


•UM,4M*T 


OsaiMMlM  aaaaW  sad  epassflac  sappBsa.  !»■ 
stottMi  aMoat  paid  oa  can  lapsosssTefes^ 

smcilsa 

CfersMTkssl  DstreH 

AMali^  Mew  m  Mkkl^a  amaae 

raraltwe  aad  dxtans  la  lbs  svrs.-al  oMcas  ef  Iks 

raisets...'. '.'.'.'.'.','.'.'.'.'.'.'.'.'.'..   .'.'"'.'. 

WnssksfosMocblaPBllBMa  •oalfcsraCtoOe.... 

•askeraeslecfclaOsatni  Tnaipedallea  Oe 

Aaooat  latsstsd  la  elfcsr  ear  Hsactuloae  saa- 
INM  M«Mraled  kp  lUb  esiapay.  *a  will 

iSTASSKft«!Lidi;Ab^: :;.:  "ISiSS 

sMMIaoesAObaAssaclaUea.   »UI»M 
■  •LLsaisAbeaKeeSA'aAss-B.     RJH  M 


•TJB7JUM 


4M,MDM 
MVdMM 


fi^S 


Ikmaaa  Ct  assacMlea 
MUvLamU 


lis  MalacCu  Asaoc'B 
*  Idah  Dtalag  car  anroa. 


IMM  M 


c'isi 


I  MUs  leesHaUe  aad  payaWsw 


mjm  u 


Telsl 


y. 


OkaMsl Slack  lssasd.SMMsbsrsa.  par  TBias  tin  sscb 

■  pat esat  lansasj  dsbsatars  seaTsrtlble  b  lads : 

nntasMsadasMe*.  IXim MnJW 

tsessisasa. das »ay  lb.  U»l ■•,«• 

:^TaMsstlas.  daaFsb.  IIi,nn 4*tJ« 

■^reanksartss.dasa««.  UvUH blUM 

•seea  psr  teal  slerllBg   debealara  eearstUMe 

-      .  _  koads.  das  ApHI  I.  Mft.... MMM  W 

iV       SsTsa  p«  ceat  laiisay  deksatsfe  laeoBT«rtlbie 

^  keadr.  dae  Oct  tl^  Wft morow 

raa#f«d  ISeoi  asle  ef  old  csrs  Issssd  floai  Csatnl  sad 


in.e7.ao  ■» 
tn,m.toK» 


i.;r.oao  m 

kW.MIOl 


Tslst  llaMmiai H3M.«»a 

seasLca  aowiurf   uaissiav  la  ssMfa  or  vaa  ooarsaT) 
OowaMse  fsad  teafoTlds  fbrlsaas  la  disaaiaaad 
poMlMe  Isssse  b  adJaslMsat  ef  ■■ssnUsd  ae- 

esaais 

SIsklaf  fsad  la  rspreMot  poMlbls  dsprseiaUoa 

la  fiaatklMSSsd  Dstsais.. 

'  lef  laesswiiansai. UM.Tsa.Ti      t.«4.TJ».Ti 


tu,aTjnLir 


St.  Joseph  Bridge.— A  meetin$r  was  held  io  St.  Josoph,  Ho., 
recently,  to  consider  ways  of  raising  the  money — f  28.000.  gold- 
needed  to  pay  the  coupons  falling  due  Nov.  1.  Qov.  Hall  stated 
that  thus  far  the  earoings  of  tlie  bridge  had  not  been  enough  to 
pay  the  intersst  on  tlie  bonds.  Money  had  been  borrowed,  in 
aooM  eases  on  the  individual  notes  of  tbe  directors,  nnd  there  was 
then  a  deficit  ot  |13,000  on  this  account.  If  tUe  iuierest  was  not 
paid  the  bridge  would  he  sold  and  the  City's  interest  lost.  The 
City  Couneil  could  not  legally  do  anything,  and  it  rcstf'd  with  the 
dtisaoa  whether  the  money  should  be  paid.  The  Kansas  City 
St.  Joaeph  &  Council  Blumi  Company  would  cease  to  run  trains 
orer  the  bridge,  Nov.  9,  having  giren  up  the  lease  of  tbe  St. 
Joaeph  &  Topeka  road.  That  company  hs!d  declined  to  continue 
the  use  of  the  St.  Joseph  &  Topeka  road  to  Atchison,  even  tree  of  alt 
leaul,  because  it  had  a  line  of  its  own  on  the  otber  side  ot  the  all 
lirer.  which  was  shorter.  TLiis  action  would  cause  a  further  da- 
ereaae  in  the  bridge  receipts.  If  the  inti-rt^st  was  not  paid,  a 
Noaiver  would  be  appointed  at  once,  and  the  property  sold  aa 
aooa  aa  legal  notice  could  be  giveD. 

UbIm  Paeile.— In  the  Chrokici.b  of  Nov.  S,  we  referred  to 
Ihapeading  salt  lo  the  United  States  Supreme  Court,  as  follows: 

Tks  preasnl  salt  la.  st  most,  only  sn  action  by  the  Union  Paclflc  Company 
lateuieei  Hem  tbe  OoTeraaieai  lbs  tarnlnei  rrom  lu  tnoaportstlon  bailBssa 
wftbWd  as  aa  odSet  to  the  lalarest  paid  on  iheUui  ed  Suim  bonds  lisacd 
to  ths  eoaipaay.  lbs  qoestlon  of  tho  obligation  oi  the  cnmpanr  to  pay  all  the 
enrmt  laierMt  doe  on  these  bonds  Is  a  oollateral  aabjcct,  and  would  not  be 
taally  dotanalnsd  la  the  praseat  sail. 

Thia  Matemeat  was  criticised  by  the  New  York  World,  as  fol- 
lows: 

"Upon  tbeae  qneetions  of  faet,  the  Chroxiclv  is  not  so  good 
aa  authority  as  the  United  States  Court  mi  Claims,  which  held  the 
folUtwiaff  laagnage  in  its  opinion  pronounced  May  31,  1475  : 

**  The  csss  eoiass  bafofs  tbe  Conrt  In  two  diatlnrt  forma  :  Plral.  In  Ibst  oT 
•a  asMsa  ksaooM  by  tbe  UaloB  Paeido  Uallraad  Coapooy  lo  recover  oas-balf 
Wt  ICilita  ItSl^asiatafS  wtthbsid  from  it  by  the  tiovernmeal;  and  aeoood, 
lalkalof  aerosssctieabroiiaht  hy  the  Unittd  :<U.ra  to  rooiver  back  the 
bUSMsl  which  they  ha>«  palaio  third  persona  n[>on  inelr  bond*  berelofbre 
kaasd  lo  tba  jooipaay,  tu  aid  It  In  Iho  coaainicUua  of  its  rasd.." 

Now,  the  real  facts  of  tbe  case  appear  to  bo  tlis*  the  Qovem- 
mant  snll  for  3  per  cent  of  net  earnloBs  sine;  the  completion  ojf 
tK»  r«mi,  is  tbe  salt  referred  to  by  the  Court  ot  rialnis,  aa  a  cross 
aetloa,  "to  recover  bsck  the  interest  which  tbey  hare  paid"  on  the 
bonda.  Bat  as  the  time  ol  the  techsical  completion  oi  tbe  road  is 
hi  dispute,  aad  aa  the  weight  of  evidence  places  ii  in  October, 
!874,  tbe  amonnt  involvid  in  this  salt  is  comparatively  amall. 
Thi%K*a*^'  atatemeol  of  tbe  Coart  of  Claims  mi^rht  give  an  erro- 
nooaa  impreesion  to  those  not  familiar  with  tbe  actual  points  of 
the  IttSgatlon  pendloir.  and  the  first  statement  nf  tbe  CiiROllirLK 
la  ■abataalially  correct,  for  a  judgment  asainat  tlie  cntnpany  in  tbe 
proaaalsolts  would  certainly  not  enable  tlii>  rrii<-.l  Sintt«  Uovcrn- 
mrnt  to  Isane  aa  execution  asaiust  the  Uni  Kailroad  for 

all  the  interest  that  has  bt-en  osld  on  Its  h-,,  ilit-lr  lasne  in 

IMtLamoanliog  to  |10.O0O,0O<)  or  upwards.  U  i«  acknowledged 
oa  aO  aidas  that  theqarstioo  of  tbe  obligation  of  the  company  to 
tmj  aneh  tateteat  before  tbe  boads  mature  is  collaterally  involved 
B  tbo  piaesat  action. 

Tbe  report  of  the  Qovenraieat  Directors  r<4  tbe  year  ending 
Jaaa  90, 1975,  is  very  favorable  lo  tbe  company.  They  give  Iho 
fbllowlBg  earaioga  and  espeasas : 


ataanea. 
Taor  sadls* 
JaasW,  W/i. 

..  »i.Mi.«nn 
•Mtica  so 

MMMH 


MWI*  TI 

tMta  IS 
isjnio 

Total  saraiacs |IC.M.T(0  It 

tPald. 


Tssr  eadlni 
Jsasao,  ISTi. 

•I.IIS.CW  40 

flM.«ir  Ts 

UMUOS 
4SI.S10  tT 

S,IMt«MM 
M(.I1BI0 
*M.ST4  43 

ft,MBas 

H0,4»«T 
*>.SIt  01 


|lt,I»,OU  il 


OsadssMac  traasporutlea . 


T«ar  nidlBC 
Jsaa  m,  'U. 

•nojti  or 

UMI.TTI  n 

4tt.T«0t 

I,MM*IM 

tmym  it 


(5  111400  n 
Borp'ma  foal  sad  ■stcrtal  socU       tt.sil  M 


Es 


iatoaaaes  ef  ears . 
ef  way 


Tear  ending 
Jane  80.  *n. 

••7»,nt  SI 

i,'ti.«aa  w 

a«l,4M0S 

«tT,an4i 

t8,4in.Mi  n 

M,r<SSO 


$am,ou» 

iO.*»t«u 

•KUO 

(T,UT  T» 

loi.ai*  w 

Tl.SSt  61 

lll.M)  Ti 

lt,MI  47 

itT.asg  to 

•.VI  >t 
llJTSJttW 


I 

|10l.tl»B5 
tO.IDI  41 
130,S4T06 
•40.tM  It 


Total 


npsosas    t5,aM^1H  H        |MU,«U  »T 

IBI  sapaadsd  for  da- 
»ela,  skeps.  saolpaMat,  *e.. 
aaak  ae  wsse  ckamd  to  r 


ksf«seOcl.l.l«M. 


Xst 


.  |s,aii,Ta  17 

k,Ullf7D9S 
4t.«I 


tMk«n40 

|4.TtB.6aO  IT 

a,Ttt,»l  07 

41. M 


MB^OMIO 

•IMl.lta  70 
1.}78,4M  Oft 


Tks  fantetac  Isblss  of  ssraiats  sad  espensos  for  tbe  year  end- 
iDCJaas  mnb,  show  act  aaralogi,  tftsr  psylnic  uperatnuc 
•xpsoass,  smoanllBg  lo |6,7S3.Stl  6T 

Dsdaeilea  rran  this  ths  latsrsst  oa  ths  Irsl  mortcsss  bonds, 
wttb  Bold  at  fbartMB  par  ssat ....^ I,8tl,«rr  It 


Wsbavs »1.«70.II4  10 

Oa  wfcick,  serorrttnittu  ih«  bsais  we  bsve  beretorore  reported,  the  OoTKnunont 
H  sBtllliS  'j»  roesiva  Irs  psr  osal,  msalag  duo  lbs  UovsmiseDt  for  tht  jaar 
Iks  saa  of  BNl,in  Til. 

Tks  eosspsny  deny  tks  oofrsdiMSs  of  the  mis  here  adopted,  and  claim  thai 
•e dMisInn  of  lbs  saprsoM  Ooart  of  the  Dniicd  Ktstea.  In  a.  Jokn  rt.  Th*- 


Cbwpaap,  Jasadealksai  In  rorlating  ihs  drmaad  of  the  liovam- 
aMal  (or  ibepaymeatof  lbs  tva  par  cent  until  all  obllcsUansoi  ths  nOiBiiaiij 
shsU  hare  been  dlseksrged  ordodbcitsd.  and  tbs  flro  par  seat  be  ^riisssil  apoa 
Wkst  BSy  be  tttsrssnarlsfl,  foe  dirlMoa  to  ths  stockheUsis  ss  dlTtdsods.^ 


4n8 


THE  CHRONICLE. 


[N^vmber  13    1875. 


(l\)t  Commercial  ^imes. 

COMMERCIAL  EPITOMR 

Bridat  Nioht,  Nov.  12,  1875. 

Trade  the  past  week  lias  been  very  good  in  a  jobbing  way,  as 
goods  have  been  needed  to  supply  the  current  wants  if  the  coun- 
try, but  in  other  respects  has  been  dull,  and  there  is  a  notable 
absence  of  that  spncnlative  action,  which  indicates  established 
views  of  tiie  fiitore  of  prices.  Under  such  circumstanues  it  is 
natural  that  complaints  of  mercantile  Inactivity  should  be  heard. 
With  I  rakers  trade  is  dull,  although,  as  we  have  said,  merchan- 
■ci\et  is  changing  hands. 

In  provisions,  prices  have  had  pretty  uniformly  a  downward 
tendeucy,  although  cost  of  production  is  still  maintained  at  high 
figures.  The  "corner"  in  l»rd  for  Oc  ober  remains  unadjusted, 
and  has  been  a  serious  obstacle  to  legitimace  business.  Mess  pork 
has  materially  declined  on  the  spot ;  and  last  evening  was  quoted 
at  $20  50  selKr  the  year,  and  $20  for  later  deliveries.  Lard  has 
drclined  to  12fc.  on  the  spot,  12Jc.  for  Nov.,  and  IS^c.  tbrDec,  but 
closed  at  some  recovery  from  these  prices.  Bacon  has  been  lower 
and  more  active  at  12i@13c.  for  long  clear.  Cut  meats  have 
favored  buyers,  but  not  to  the  same  extent  as  other  hog  products. 
Beef  has  been  in  better  supply  and  prices  have  developed  weak- 
ness. Butter  has  been  drooping,  except  for  the  finer  sorts.  Cheese 
has  been  dull,  and  some  decline  in  prices  has  taken  place.  To 
day,  pork  was  firm  for  mess,  at  $22  50(832  75  on  the  spot,  $20  75 
for  the  year,  and  sold  freely  at  $20@3U  05  for  Feb.  Lard  was 
flat ;  12tc.  spot  and  Nov.,  with  the  later  deliveries  dull.  City  long 
clear  bacon  sold  at  13ic. ;  the  new  weather  packed  Western  is  not 
yet  in  condi'ion  to  come  upon  the  market. 

Coffee  has  been  depressed  by  unfavorable  advices  from  Brazil, 
and  prices  show  a  partial  decline.  The  stock  of  Rio  at  this  point 
:yeBterday  morning  was  82,072  bags;  at  other  Uuited  States  ports, 
97,H9;  afloat  and  loading  for  United  States  ports,  211,900,  giving 
a  lotnl  supply  ol  391,461  bags  ;  fair  to  prime  cargoes  quoted  at 
18i@iOc.,  gold  ;  stocks  also  comprised  33.200  mats  Java,  18,900 
bags  Maracaibo,  and  5,981  bags  and  9,451  mats  other  growths. 
Rice  has  been  droopiiig  for  domestic,  and  the  principal  business 
baa  been  in  Rangoon,  at  $2  55,  gold,  per  100  lbs.,  in  bond. 
Molasses  has  been  drooping,  with  sales  of  50  test  new  crop  Cuba 
muscovado  at  31@33c.,  and  choice  new  crop  New  Orleans  at 
76@78c;  stocks  on  hand,  3,517  hhds.  and  800  bbls.  Layer  raisins 
■sell  well  at  an  advance  to  $2  90,  Valencias  at  lOc,  loose 
■  muscatels  at  $3  15,  currants  at  7ic.,  Turkish  prunes  at  7|c. 
Teas  and  spices  have  been  less  active.  Sugars  have  been  active, 
and  raws  advanced  ^c.  to  S^c.  for  good  refining,  and  stocks  are 
now  comparatively  light,  but  the  close  was  quiet,  in  view  of  the 
large  crop  of  new  from  Louisiana  which  is  soon  to  come  forward. 
.Refined  unchanged. 

Hhds.  Boxes. 

Receipts  since  Nov.  1 217  2,96S 

:8ale8  8ince  Nov.  1 15,572  4.1W 

Siock  Nov.  U,  1875 4\7t6  21,783 

,  Stock  Nov.  12,  1874 69.072  70,293 

Kentucky  tobacco  has  ruled  firmer  and  modera'ely  active  at 
7@9Jc.  fjr  lugs,  and  12@2uc.  for  leaf;  the  sales  for  the  week 
«miirHced  600  hhds.,  of  which  350  wore  for  export,  and  250  for 
con.tumption.  Sred  leaf  has  been  in  fair  demand  and  about 
steady;  cales  embrace :  Crop  of  1870.  87  cases  Connecti.ut,  at 
lOc;  crop  of  1873.  117  cases  do.,  at  7@'^c.,  260  cases  Ohi.>,  at  9(a 
8^1'.,  812  ca!<es  Wisconsin  at  6.j@8o.,  26  cases  Pennsylvania,  at  7c.; 
and  crop  of  1874,  340  cases  Connecticut,  at  7i@9c.,  and  87  eases 
Ohio,  at  7c.;  also  200  cases  sundry  kinds,  at  7@35c.  Spanish 
tabaeoo  has  been  quiet  but  steady;  the  sales  were  200  bales 
Havana  at  83c.@tl   10. 

Duri:ig  thee irly  part  of  the  week  rates  for  ocean  berth  room 
were  lower,  which  led  to  a  taking  of  all  the  offerii  gs.  so  that  at 
the  close  firmer  figures  were  obtained,  with  a  moderate  busiucFS 
<3harter  room  remains  about  s'eady,  with  a  daily  moderate  move- 
ment uTOiug  on.  Late  engagements  and  charters  include:  Qraiu 
to  Liverpool,  by  steam,  8(i.,  cotton  at  |l.;  grain  to  London,  bv 
sail,  8id..  ami  fl  )ur  at  2a.  6d  ;  Grain  to  Glasgow,  by  steam,  10d.,ai  d 
by  sail  8i@Sil.  Grain  to  Cork  tor  orders  5s  9d.;  crude  peiro 
leu  u  lo  Hamburg  is,  3d.;  naphtha  to  La  RochellH.  5s.  3d.;  do.  o 
DunKirk,  48.  lOJd.;  case  oil  to  Cidiz  or  Seville,  23ic.  loday. 
there  was  only  a  small  busiues-',  but  the  limiieU  supply  ot  b^rth 
room  held  rates  very  firmly.  Cliarters  were  quiet  and  unchanged. 
Ootton  to  Liverpool.  Ss  8d.;  flour  to  Glasgow,  by  steam,  Ss.  6d  ; 
do.,  by  i-ail,  3.-<.;  grain  to  Cork  for  orders,  6s.>  do.,  to  a  direct  port 
in  the  Brisiol  channel,  5s.  9d.;  refined  petroleum,  to  a  direct  port 
in  the  United  Kingdom,  at  4s.  9d. 

Tiie  business  in  naval  stores  has  latterly  been  very  quiet,  and 
quotations  have  shown  a  gradual  weakness,  closing  at  40^c.  for 
spirits  turpentine  and  $1  80@1  90  for  common  to  good  strained 
rosin.  In  pi-troleum  little  or  nothing  of  imp  >rtance  has 
transpired,  aud  quotations  are  on  a  much  lower  level ;  refined 
in  barrels  closes  at  12|c.,  and  crude  io  bulk  at  6|@3|a.  American 
pig  iron  has  continued  dull  and  irregular  at  $24@35  for  No.  1, 
and  $23(g24  for  No.  2;  Scotch  piir  steadily  held  at  $32@33  for 
■Coliness,  and  $29  50@30  for  Eglinton.  In  old  Ame.-icau  rails 
there  was  a  sale  of  2.000  tons,  deliverable  in  Portlrnd,  at  $25  ; 
.new  quoted  at  $45,  currency,  at  the  works.  Ingot  copper  has 
latterly  been  active  and  firmer ;  sales  of  300,000  Ihs.  Lake  at  23^0., 
cash,  and  800  000  lbs.  for  future  delivery,  up  to  April,  at  23@23ic. 

Linseed  oil  has  ruled  firmer,  and  in  fair  demand  at  UO(i£ijlc. 
Other  oils  are  quiet  and  unchanged.  Hides  have  been  dull  and 
lower;  dry  Montevideo  sold  at  21c.,  gold,  and  ciij  slaughter  ox  at 
9ic..  currency.  Mack  rel  are  lower,  with  sales  of  shore  at  $26 
lor  No.  1,  and  $15  for  No.  2.  B.  x  herrini;  have  been  active,  with 
sales  of  20,000  boxes  at  34c.  for  No.  1,  and  26@27c.  for  scaled, 
Irom  Tessel.    Whiskey  declined  to  $1  16}. 


Bags.       Melado. 


1,213 
173.078 
141,400 


7,80fi 


OOTTON. 

Fbidat,  p.  M.,  Nov.  12,  1875. 
The  Movement  op  the  Crop,  as  indicated  by  our  telegrams 
from  the  South  to-night,  is  given  below.  For  the  week  ending 
this  evening  (November  12)  the  total  receipts  have  reached  149,474 
bales,  against  175,244  oales  last  week,  170,045  bales  the  previous 
week,  and  147,345  bales  three  weeks  since,  making  the  total 
receipts  since  the  l»t  of  September,  1875,  1,065,218  bales,  against 
960,238  bales  for  the  same  period  of  1874,  showing  au  increase 
since  Sept.  1,  1875,  of  101.980  bales.  The  details  of  the  receipts 
for  this  week  (as  per  telegraph)  and  for  the  corresponding  weeks 
of  five  previous  years  are  as  follows: 


Recelpt4  this  week  at  — 

1875. 

18-,4 

18.3 

IF  72. 
28.077 

1871. 

1870. 

33,884 
18,3it 
30,812 
862 
27,406 
16,7i8 

1,370 

7,6;S 
72; 

2.456 
23.958 

1.185 

39.81i 
14,2ti8 
20.048 

1.201 

23  58J 

16,274 

562 

8,902 
792 

5.022 
21,459 

2,319 

33,193 

8U,614     sutni 

Mobile      

6,8:l        10.883 

10.9S2 

11,006 

21,689 

5,829 

9,008 

53- 

1,901 

9,442 

826 

13,526 

Port  Uoyal,  &c 

>  17,164 

33.077 

lO.OiS 

551 

6.875 

8ul 

895 

13,117 

2,112 

14,176 

24,302 

f     9,461 

3,992 

9«; 

3.0  ;o 

13,69; 

2,0:17 

14,539 
27,£56 

GalVBPtoD.                

Indiunola,  &c 

7,201 

7,309 

Florida 

North  Carolina 

2.30 
3.899 

Norfolk  

\  11.251 

City  Point,  &c 

Total  this  week 

149,4741    159,245     124,611 

110,610 

101.491 

122,183 

Total  since  Sept.  1.... 

1,065,218'    980,238!    ';J5.130 

887.589 

666603!    722  433 

The  exports  for  the  week  ending  this  evening  reach  a  total  of 
80,Sn9  bales,  of  which  50,684  were  to  Great  Britain,  15,809  to 
France,  and  13,826  to  rest  of  the  Continent,  while  the  stocks  a 
made  up  this  evening  are  now  520,447  bales.  Below  are  the 
stocks  and  exports  for  the  week,  and  also  for  the  corresponding 
week  of  last  season: 


Week  ending 
Nuv.  1». 

Exported  to 

Total 
this 
week. 

Same 
week 

1874. 

Stock. 

Great 
Britain. 

Prance 

Conti- 
nent. 

1875 

1874. 

New  Orleans 

Mohile 

CbarleetOQ 

Savannah 

Galveston 

New  York 

Other  ports* 

ToUl  this  week.. 

Totel  since  Sept.l 

10,837 
4,019 
6,490 
3,173 
5,698 

18,252 
2,715 

50.684 

8,431 

4,187 
3,191 

15,809 

1,475 

5,295 
8,665 

5,771 
600 

13,62<i 

20.243 
4,019 

15,9-2 

10,049 
8,893 

21,023 
3,3  6 

80,319 

23,388 
2,868 

25,768 

32,281 
2,146 

15.531 
t.894 

106,776 

142.182 
29  282 

5B.0B; 
91.207 
70.913 
88,822 
4.'i.000 

5i6,447 

116.677 
28.375 
44.128 
77.942 
55.037 
83,684 
60,00( 

465,»43 

260,370 

ii.3.358 

103.935 

427.<i63 

.<!9n.939 

*  The  exports  this  week  uiiderihe  head  f  'ottiei  p)rta"  include  from  Baltimore 
518  »le*  to  Liverpool  an  6U  bales  to  Bremen  ;  from  Boston  897  bales  to  Liver- 
pool; from  Phi. adeipbia  l,ilOJ  ba  e^  to  Liverpool.  (.-    .. 

LIS"  '-^i'"  telegram  from  New  Orleans  to-night  shows  that 
besides  the  above  exports  the  amount  of  cotton  on  shipboard,  an  d 
engaged  for  shipment  at  that  port,  is  as  follows  :  For  Liverpool, 
25,000  bales;  for  Havre,  25,000  bales;  for  Continent,  16,000  bales;  for 
coastwise  ports,  3,000  bales;  total,  69,000  bales;  which,  if  deducted 
from  the  stock,  would  leave  73.000  bales  representing  the 
quantity  at  the  landing;  and  in  presses  unsold  or  awaitinsf  order?.  J 

From  the  foregoing  statement  it  will  be  seen  that,  compared 
with  the  corresponding  week  of  last  season,  there  is  a  dicrease 
in  the  exports  this  week  of  26,457  bales,  while  the  stocks  to-night 
are  60.604  bales  more  thiin  they  were  at  this  time  a  year  ago. 
The  following  is  our  usual  table  showing  the  movemeni  of  cotton 
at  all  the  ports  from  Sept.  1  to  Nov.  5,  the  latest  mtil  dales: 


BECEIPTS 

ESPOBTSD  SINCE  SEPT.  1  TO— 

Coast- 
w  i-e 
Ports. 

P0BT8. 

SINCE  saPT.  1. 

Great 
Britain 

France 

Other 
forei'n 

Total. 

Stock. 

1875. 

1874. 

N.  Orleans. 

2C8  0I1 

169,695 

7".805 

26.747 

22,u:i9 

119,591 

3',48i 

1>3,«99 

Mobile  .... 

76.583 

62,328 

12,743 

IM'. 

4« 

14,352 

37.9:7 

25.187 

Charlesi'n* 

1.37,1.37 

136,813 

14,615 

11,432 

ll,9:il 

38,028 

36.212 

57,34 
83,96r 

Savannah . 

180.33:J 

194,630 

15.869 

6,4  !7 

29,778 

5i,0ti4 

50,933 

Gal  eston*. 

134,031 

80.5811 

14,954 

839 

2,413 

18.2116 

55,575 

66,932 

New  York.. 

17.915 

17,662 

59,71.5 

83t 

20,101 

80,702 

92.:i83 

Florida 

2,428 

3.035 



2,428 

N.  Carolina 

27,069 

20.480 

1,200 

.... 

1,210 

211,804 

5,623 

Norfolk*  . . 

112,9Sfl 

107,694 

4,440 

... 

.... 

4,410 

104,966 

15,209 

Other  port^ 

»,251 

8,076 

15,345 

.... 

3,416 

18,761 

846.429 

17,500 

Tot.  this  yr. 

915.7t'( 

2C9,686 

47,.M9 

90,109 

347.341 

487.781 

Tot.  last  yr. 

K)0.993 

245.246 

9,757 

29.160 

284,  Ui3 

3-J4.92:3 

416,5C'0 

\. 


•  Under  the  head  of  CAarieston  Is  Included  Port  Koyal.  &o.;  nn-lcr  tie  head  of 
0(iJi>M«ml8  Included  Iudianoia,&c  ;  under  the  head  of  Norfolk  "s  Included  Ciiy 
Point  Ac. 

These  mail  returns  do  not  correspond  precisely  with  the  total  of 
the  telegraphic  figures,  because  in  preparing  them  it  is  always 
necessary  to  incorporate  every  correction  made  at  the  ports. 


NorrmSer  13,  1876.) 


THE   CHRONICLE. 


4K9 


TLe  market  for  cotton  oa  the  spot  haa  mlad  quiec  the  past 
week.  Th.-re  haa  been  but  a  limiied  demnad  alike  for  exp<7rt 
and  coamunptioD,  aod  the  Apeculalive  movemrnt  Uaa  also  been 
qolM  aaliaportaDt.  Quoiaiioas  reinaiaed  nomiuall/  uDcbao^tMl 
at  IS  &-16e.  for  MiddUnj;  Cplaods  until  yeaierday,  wiien 
tbejr  were  adraneed  lo  13|c.  No  rery  active  influeocea  hare  b««<n 
at  work.  Lirerpool  was  aatil  jeaterda^  rep  irted  dull,  aod  ou 
Wadaaadaj  the  qaotatioa  for  Middlioj;  Uplands  was  reduced  to 
SJd.  Reoeipis  at  tue  ports,  howarer,  have  been  amaller  thao 
laat  week,  and  some  daja  smaller  eren  than  the  eorreapoodini; 
days  of  laat  y-^r.  A  severe  storm  baa  also  passed  over  a  portion 
of  the  South,  which  is  believed  to  have  done  more  or  leaa  iojurr. 
Oo  the  otber  hand  gol>l  has  declined,  anil  tliere  has  not  betn  ibe 
improvement  In  exchaoxe  which  itaa  heretofore  coopensated  (or 
the  lower  prem'um.  Todajr  the  market  continued  quiet  and 
prices  weak.  For  futun*  delivery  (he  week  opened  with  a  hard 
eoiar  teadeocy,  prwUcated  mainly  on  tlie  reported  bad 
TTtatnitr  at  the  Sonth  aad  the  ezprctation  of  smaller  reeeipu 
at  the  porta,  and  that  this,  with  the  cleamaoe  of  large 
quartitiea  of  cotton  on  ahipboard.  woald  cheek  the  aecama 
lation  of  atocka  on  hand.  Sooie  reaetioii  was  eaosed  by  the  lar^ 
reeaipta  for  Monday,  bat  on  the  whole  there  had  been  established 
last  evening  an  sdvanee  of  MS-ttc,  Southern  parties,  ron- 
aigaiaf  eoitoB  to  this  market,  nave  msde  aa  effort  to  protect 
tbaaHelves.  by  supporting  pricas,  bat  at  no  time  has  the  dennnd 
beea  taiwm.  There  is  a  ooUceable  absence  of  specalative  tone 
uoomg  oparatofs.  To  day  at  the  opening  pricas  were  steady,  bat 
waakuaas  fbllowed.  and  Uio  close  was  1  llle.  lower  for  tha  early 
months,  aud  ^e.  lower  for  the  lat  r  months.  After  Thangn  Mini 
were  made  at  13  7  32c.  for  Jan.,  13  19  SSc  for  March,  and 
IS  S1.SSC  for  April.     The  toul  sales  for  fnrward  daUvery  (»r 

tha  araok  are  196.700  bales.  Including  free  oo  board.     For 

laasdtala  delivetr  the   total    sales  foot    ap  this   weak  ~ 
baJaa.  ladndlac  S.019  for  ssport.  4,1M  for  cwwiaptloa. « J 

spaodatioa  aad la  transit.    Of  the  abova,  SOO  halaa  wt.  — 

arrive.     The  following  are  tha  eloaing  qoolatioas: 


brougUtdowQ  to  Ttiurxday  evening;  h>tnoe,  to  make  the  totaU  the 
OMnplete  figures  for  to  night  (N>>v.  13),  we  add  the  item  of  exp'irtii 
from  the  United  Status,  iucluding  in  it  the  exports  of  Friday  only 

ins.  int.  ms.         im. 

atoekat  Uvwpooi MS.000  UT.OM  SOI.WIO  tVi.M) 

illock  at  Loodoa tt.t30  lot.tj')  199,000         SiT.OOO 

Total  OrMt  BritklDilock  ....  Ut,tiO  f6\.iii  T0t.VO  6Jt,ftJ0 

SloekatHarre 188.500  l«0.:w  87,tS0  ta.OOO 

Stoea  at  Museillas t,t!o  lo.-iM  lO,tSO  13,000 

Slock  at  BandoBa U.tO0  it.TM  ti.OiM  n.000 

Slock  at  Htabant  13.300  I7,i!0  «0..'40  K.MO 

BtiekURrseMn st.130  33,300  37,73)  31,000 

Stoea  UAsMlerdam 31.190  S3,>M  9l,vn  31,000 

SiaakatBoitwdaiB MLIOO  10.000  ttsoo  11,010 

Stack  at  Aatwerp , MU  t.no  13,000  as.ooa 

atetbereoatiaoital  poct<^.  8.«00  M,000  33,000  3T,0U 

lUaaalal  pods 170,130  393,900  331,733  48t,m0 

Tstil  RaiopMa  atocka, 1,811,300  I,OM.TM  I.OII.T90  1,1:3,000 

Mlacotioaaaaatfor  Barape....  l<s.aas  17^000  139,000  13S,0'0 

Aasrteaa  eolion  tfloal  for  Borope  t7l,00a  «M,0a0  187,00)  1M,000 

l0pl,Bnall.Ac.afluatI()rrro7«  «l,0uO  10.000  93,000  aaOOO 

Sleek  la  Ualiwl  SialM  port* UI,4I7  4aS,MS  S18,8n  3lt,Tll 

Stack  la  U.  S.  lourior  poru Tl^ttl  7«,IM  37,717  Bl.tll 

aaiiidli«alas«apurtiUMUr i3i,0J0  ir030  1,000  ia.000 

VstalvWMenpplr.     ..lMlaal.111,171        tiioi,l37        tl^MO       s!o7l,l»^ 
Ornestavsk  tfee  totals  or  Aa«ne*a  aad  ouw  il«>orlptiaaa  an  Mfoilu** : 

t'AOOO  111,000  n,OSt  34,000 

ISVOOO  137,000  W,oao  31,000 

fwlrss  aioat  to  Bafcpe. .. trtnio  tM.MO  m.OOO  l«,000 

>i««Siai«Maek 3M.«I7  «<3.8a  Ul,«3t  1«S,T«1 

iBIaclor  Moeka...   .      n,ai  Tl,lll  37,777  M,ttl 

USMrtMMsaeapoiUw^ar 83,000  18,000  1,100  11.000 

«ata*.l.tll,«7t       IJMJoof        liH.71o'       'tM.mI 
111.100  4ia.0a0.         4W.O0S  4II.I 

m.oee 

t«M»>  414.000 

farlacapa lAMS         tW.«8  ISS.HO  U1,0M 

B4n««>nall.*caiaa tl.lM  ASH  M.JO)  (8,000 

I81.no       1.111.730       I.ll  1.008 

.t.i3i,in     t.ii»,«n       7u,Tio       tmlMi 

1.113, 1:1       1.104,187       Uit,4t0       t.011,«34 

Optaais.  Uvarpl.   *Hi-      TXftlKd.        8X<1.  >K<1 

These  flraeM  Imdicaia aa  imerutti  In  the  cottoo  In  sight  to-night 

of  7,411   bilea  as  eomparad  with   the  same  data  of  1874,  an 

of  2^,711  bales  aaeompared  with  the  ourreiponding  date 

of  19n.  aad  aa  iaa/aaa*  of  100.317  bales  a.i  comp^tted  with  1872. 

At  TUB  IXTBBioit  PoBT«  the  moramoDt— that  is  the  reoeipta 
aa4  sblpmeala  for  the  WKwk  and  atock  tooiglilf and  for  tha 
wtwpuadlng  work  of  1874— ia  set  oat  in  detail  In  the  following 


Ks. TTi  IU-. 

I. at. u  itm 

7m itK 

tas  ..    ...i3»ai 

aa. 14  IV  4 

rerMafrti.  la. jlSiai 

M uisai      as „ii 

4Jia... 14H  I  

urn UiMiii  UMtoMMar 

Tha  lailewlag  exchange  was  made  dariag  tha  weak 
Mll«v«aWr  tor  J*a«>ir  <«•>. 

TiM  tallowlaff  will  sbow  spot  quotationa  aad  tha  eloalag  prle<« 
U4  lor  fatarM  at  the  arveral  daiae  aaina<l : 


■siatalAac 


ns 


izsz 


■toausa  vrc**Ba-*a<ai04«  cLAmtrfuntw. 
Pn.           MM.          M»<         raaa.         ~ 
l«VI«       Il».|*       I «  3-14        11(14 
18»-W       :17-J1        n't             II  VII 
IS  I'M       M  t-4i       <«M  


s?- 


J  . 

1 1 

••iMtrot.,.. 
•owl.lare.. 

M«M  

Bl 


1-81 


■'H 


M 

■4 
M 

I.  •• 
ll.ISi 

l"«4 


I 
\ 
i»      -'4 
li  t-U 
KM 

14  •1-4) 
IMI 
I4>« 

nm 

4.!* 


I*  a  II 

Ul-t« 

11  l-li 

It  ;»-M 

u'l-M 
II  *-A 

U  11^ 

*.l 

M,l41 
ti4« 


Taa  Vtatm.c  Mfrw-r  or  Corroji,  as 


M3-M 
Ilk 

111  a 

:•« 
ti  l-q 

l*»-M 


l<*  W 
II  it'll 
!•»-« 

13  ts-m 

U  .3-  4 

14  (-a 

II  a-K 

11  3-14 

n.e* 

tUH 

«.1»4 


oil 


mi 
u  > 

UK 

13  I--* 

II        14 

11  :*  «• 
l«  11  I 
I3>M> 
14 
IIW 

n :  1: 
\.ta 

1  iH 


Th*Bkai#lflIala  lihow that  the  old  laieriorsiocks  have  inerta»td 
luring  the  wn-k  6J824  balr«,  and  are  to-night  2  940  balrF  Ul* 
lian  at  the  name  period  laat  year.     The  reoeipta  liavu  been  3,227 

oier*  than  the  same  week  laitt  year. 
BOMBar  iiliri4KVTa — Aecordinir  to  our  cable  despatch  reoeived 

in^ay,    thi-re  have  l>een   bales  ah'pned   from   B<imhay  to 

>1rsal  Hrltaio  tbe  paat  w»-k,   aod  bain  to  the  ContineDt; 

while  th*  r>«>>ipt«  at  Bombay  durii>|{  tbe  aaine  tiue  have  been 
"  ■■  bale*.  Tbe  inovemeni  «inc«  the  lit  of  January  la  aa  tollowa, 
riMOa  are  the  fisutea  of  W.  NIeol  k  iU>.,  of  Bombay,  and  aia 
iroaghtdowB  to  Tbaraday,  Nov.  11  : 

•■•aipaaafa  tki*  VMB ~     — Sblpaiaatt'lnea  J*n.l-.      .-—llMclpti.— . 
9riM        Cos-  <*r  at       cca-  Tkb  Blaee 

B«ttala.  Ua«at.  Total.      Bniala.   ii««al.      Total,     w  ok.      Jaa.  <. 

ins •  •  •       Moco  tii.Doo  1. 191.000       •      i.<t8.ooo 

ini...„   3,818      i.«m     3,0})    sotooo  m.oon  i,iai.aao    4,mo    i.nvono 

KTS.  ...    MS*       1.800       &A«     191.000    8al.u«0     100.000     7,000       M1,(00 


telagimph,  la  aa  followa 


ap  by  aib>  tnd 


for 


Tha  •inilnenlal  stodls  are  the  tktrnrfr 
"Wat  Brii 
fssuaa,  aad  sooaoqasat;/ 


r  hMt  aaiBwisy.  bat  tha  Mala  for  Oiaat  Briiaia  aad  the  allrm 
o*  tha  OmUmbi  am  tkia  waak's  fatuas,  aad  so 


•Oareabledaspatcht  •nt<btt'ala«  thattbit  wMklttb*  rdobritlon  of  tba 
ttawallss  Festival,  and  »•  <Tt<7  day  of  the  faatlrsl  U  vbaanroU  aa  a  cloaa  boll, 
liar,  Boraport  Ma  'tea  mad*  ap  hj  oar  corraapondanta. 

Froa  tba   loraffniag  It   would  appear  that,  compared  wlib  laat 

rear,  there  Is  a  dsOTMS*  of    balea  thia  year  in   tlin  wh.  k's 

-bipnenta  frr>ni  Bombay  to  Europe,  and  that  the  total  movement 
•Inet  January  1  aboars  an  inartOH  io  sulpmnuts  of  90,000  halaa. 
ooMparad  with  tha  otMraspoadlnf  period  of  187i. 


470 


THE   CHRONICLE. 


[November  13,   1875, 


WsATHBR  Rkpobts  BY  Tklkgbaph. — ^There  has  been  a 
considerable  fall  of  rain  in  the  greater  jrartion  of  the  Southern 
States  the  past  week,  which  was  succeeded  by  colder  weather,  but 
it  does  not  appsar  that  any  very  material  damage  was  done  other 
than  that  the  storm  interfered  with  picking.  The  frost  was  not  a 
killing  frost  in  many  sections  except  those  which  had  before  beim 
cut  by  frost.  Our  friends  will  find  the  substance  of  the  Galveston 
crop  report  below. 

Galveston.  Texas. — We  have  had  rain  here  on  three  days  the 
past  week,  but  the  rest  of  the  week  was  pleasant;  the  rainfall 
reached  ninety-two  hundredths  of  an  inch.  The  thermometer  has 
averaged  58,  the  highest  being  69  and  the  lowest  50.  The  com- 
petition for  labor  is  running  up  the  rate  of  wages.  One  dollar 
per  hundred  is  the  general  rate  for  picking,  but  in  some  sections 
more  is  now  being  paid.  Our  Exchange  has  juat  issued  its  crop 
report  for  November.  The  period  covered  is  to  Nov.  5.  It  states 
that  the  weather  has  been  more  favorable  than  last  year;  that 
there  has  been  no  killing  frost  anywhere  in  the  State;  that  over 
one-half  the  crop  is  now  picked  and  that  picking  will  be  completed 
on  the  average  about  Dec.  10;  that  the  crop  will  average  about  42 
per  cent  larger  than  last  year,  and  that  the  correspondents  gener- 
ally think  the  yield  will  be  materially  increased  if  frost  is  delayed 
two  or  three  weeks  longer. 

Indianola,  Texas. — There  were  three  showery  days  the  past 
week,  the  rainfall  reaching  ot>e  inch  and  fifty-nine  hundredths. 
The  days  have  been  warm  and  the  nights  cold.  Picking  is  making 
excellent  progress.  The  tliermometer  has  averaged  58,  the  high- 
est being  73,  and  the  lowest  47. 

Carsieana,  Texas. — It  has  rained  here  on  three  days,  one  day 
hard  and  two  days  showery  ;  and  on  two  days  it  was  (juite  cold, 
but  there  has  been  no  killing  frost  as  yet.  The  rainfall  was  two 
inches  and  thirty-four  hundredths,  and  the  thermometer  averaged 
53,  the  highest  being  74,  and  the  lowest  33.  There  is  a  great 
demand  here  for  cotton  pickers,  and  a  dollar  and  a  quarter  is  the 
current  price  now  paid. 

JJeiD  Orleans,  Louisiana. — We  have  had  four  rainy  days  during 
the  past  week,  the  rainfall  aggregating  three  and  fifty  hundredths 
inches.  We  had  a  frost  also,  but  not  a  killing  frost.  The  ther- 
mometer has  averaged  50. 

Shreveport.  Louinana. — There  was  rain  here  on  Saturday,  Mon- 
doy  and  Tuesday  last,  and  a  frost  on  Thursday,  which,  however, 
did  little  damage.  Cotton  receipts  average  good.  Rainfall  for 
the  week,  one  inch  and  nine  hundredths.  Average  thermometer 
51,  highest  05  and  lowest  37. 

Vieksburg,  Mississippi. — We  had  rain  on  three  days  of  the 
week  past  and  a  rainfall  of  one  and  fifty-eight  hundredths  inches. 
We  had  a  frost  on  one  night,  but  not  a  killing  frost.  Average 
thermometer  51.  highest  54  and  lowest  48. 

Columbus,  Mississippi. — There  were  three  rainy  days  here 
during  the  past  week,  the  rainfall  reaching  one  and  fifty-nine 
hundredths  inches.  Average  thermometer  55,  highest  03  and 
lowest  48. 

Little  Rock,  Arkansas. — We  had  four  cloudy  days  the  past 
week,  but  it  afterwards  cleared  up,  with  a  heavy  frost.  It  is  now 
clear  and  dry.  Average  thermometer  52,  highest  65,  and  lowest 
37.     Rainfall  for  the  week  sixty  hundredths  of  an  inch. 

Nashville,  Tennessee. — There  were  five  rainy  days  here  the  past 
week,  the  rainlall  aggregating  eighty-six  hundredths  of  an  inch. 
The  thermometer  has  averaged  46,  the  highest  being  53,  and  the 
lowest  39. 

Memphis,  Tennessee. — We  had  one  rainy  day,  but  the  rest  of 
the  week  was  pleasant,  the  rainfall  reaching  fifty -nine  hundredths 
of  an  inch.  Tlie  crop  is  being  sent  to  market  freely.  Average 
thermometer  for  the  week  50,  highest  54,  and  lowest  43. 

Mobile,  Alabama. — It  rained  here  severely  on  two  days  the 
early  part  of  the  past  week,  and  it  was  cloudy  and  threatening 
three  days  besides,  the  rainfall  for  the  week  reaching  four 
and  thirty-three  hundredths  inches.  There  was  a  frost 
during  the  week,  but  in  this  vicinity  it  was  not  a  killing  frost 
and  no  serious  damage  was  done;  the  killing  frost  was  confined  to 
the  northern  part  of  the  State.  About  two  thirds  of  the  crop  is 
now  picked  and  it  is  being  marketed  freely.  The  tributary  rivers 
are  higher.  Average  thermometer  56,  highest  73  and  lowest  43. 
Montgomery,  Alabama. — The  first  five  days  of  the  week  were 
rainy,  but  the  last  two  were  clear  and  pleasant,  the  rainfall  for 
the  week  aggregating  three  inches  and  forty-nine  hundredths. 
We  had  a  frost  this  week,  but  not  a  killing  frost.  The  thermometer 
lias  averaged  during  the  week  53,  the  highest  being  66  and  the 
lowest  39. 

iSelma,  Alabama. — There  were  three  rainy  days  the  early  part 
of  the  past  week,  the  latter  part  being  clear  and  pleasant.  Total 
rainfall  two  inches  and  ninety-six  hundredths,  and  average 
thermometer  54. 

Madison,  Florida. — There  vras  a  rainfall  of  one  and  sixty-five 
hundredths  inches  the  past  week,  rain  falling  on  two  days,  and 
on  one  night  there  was  a  frost,  but  not  a  killing  frost.  Aljout 
all  the  crop  in  this  vicinity  has  now  been  steured.  The  ther- 
mometer has  averaged  54,  the  highest  being  58  and  the  lowc-itoO. 
Macon,  Georgia. — Rain  fell  at  this  place  on  two  days  during 
the  week.  Tlie  thermometer  averaged  for  the  seven  days  53, 
the  extremes  being  70  and  33.  The  good  weather  for  the 
previous  few  weeks  has  somewhat  improved  the  crop  prospects, 
but  we  think  the  yield  will  be  short  ia  this  section. 

Atlanta,  Georgia. — It  rained  here  constantly  on  two  days  dur- 
ing the  week,  and  it  was  misty  one  day,  the  rest  of  the  week 
being  cloudy.  Total  rainfall,  two  and  seventy -three  hundredths 
inches.     Average  thermometer  53  ;  highest  68  and  lowest  46. 

Columbus,  Georgia. — Rain  fell  here  on  three  days  of  the  past 
week  to  the  extent  of  one  inch  and  eighiy-seven  hundredths. 
The  thermometer  has  averaged  52  ;  the  highest  was  60  and  the 
lowest  36. 


the  rainfall  reaching  eighty-three  hundredths  of  an  inch, 
liigliest  ' 


11,  "75^ 

,-Nov.  13,  74.- 

Inch. 

Feet.        Inch 

2 

IS              fi 

8 

i              6 

3 

10               0 

7 

6               0 

a 

G               6 

week, 

Average  thermometer,  58  ;  higiiest  77  and  lowest  46. 

Auffutta.  Georgia. — The  early  part  of  the  past  week  it  rained 
heavily  on  three  days,  the  latter  part  being  clear  and  pleasant. 
Crop  accounts  are  unchanged.  Planters  are  sending  cotton  for- 
waid  freely.  Total  rainfall  for  the  week  two  and  fifteen  hun- 
dredths of  an  inch.  Average  thermometer  50,  highest  71  and 
lowest  34. 

Charleston,  South  Carolina. — The  total  rainfall  for  the  week  is 
one  inch  and  eighty-three  hundredths.  Average  thermometer 
58,  highest  74  and  lowest  44.  The  rain  this  week  was  in  the 
early  part  of  the  week.  On  last  Friday  night  the  thermometer 
suddenly  fell  from  70  to  53. 

The  following  statement  we  have  also  received  by  telegraph 
showing'  the  height  of  the  rivers  at  the  points  named  at  3  o'clock 
Nov.  11.  We  give  last  year's  figures  (Nov.  13,  1874)  for  com- 
parison. 

<— Nov. 
Feet. 

New  Orleans. . Below  high-water  mark U 

Memphis Above  low-water  mark 5 

Nashville.  ,,..\ hove  low-water  mark 9 

Shreveport..  ..Above  low-water  mark 5 

Vieksburg Above  low-water  mark 8 

Gdnsv  Bags,  Bagging,  &c. — The  market  for  bagging  during 
the  past  week  has  been  fairly  active,  and  holders  are  firmer  in 
their  views.  Sales  are  reported  in  the  aggregate  of  3,500  to  3,000 
rolls,  at  13(al3ic.,  cash.  The  removal  from  the  market  of  so 
large  an  amount  reduces  the  stock  to  a  limited  quantity,  and  at 
the  close  the  price  is  firm  at  ISJc,  cash,  with  but  small  lots 
obtainable  at  that  figure.  Several  of  the  mills  have  stopped, 
which  reduces  the  supply,  and  should  the  demand  continue  prices 
will  go  higher.  Bales  India  are  9J@9ic.,  cash.  Borneo,  \'2\@ 
13c.  in  Boston.  Bags  are  nominal  at  13Jc.  Butts  have  ruled 
very  firm  with  a  good  demand.  Sales  are  reported  of  about 
1.500  bales  at  3|'93  15-16c.  cash,  and  3c.  time.  At  the  close  hold- 
ers are  firm  at  3  15-16(83c.,  cash  and  time.  Stock  about  2,000 
bales  here  and  3,500  in  Boston. 

Cotton  Exchange  Chop  Report  poh  November  1. — The 
last  of  August  a  new  arrangement  was  made  for  issuing  tlie 
Cotton  Exchange  crop  reports.  It  seems  that  hereafter  each 
exchange  is  to  mail  to  the  Central  O'ommittee  at  New  Orleans,  as 
near  the  5th  ot  each  month  as  possible,  a  condensed  report,  and 
no  "  local  Exchange  is  to  publish  its  individual  report  until  after 
"the  National  Exchange  Report"  (made  up  from  these  "con- 
densed reports")  "  shall  have  been  telegraphed."  The  "National 
Report"  for  Nov.  1  is,  we  understand,  to  be  issued  tonight,  and 
shows  a  very  considerable  improvement  for  the  southwestern 
States  on  its  predecessor  of  Oct.  1.  We  have  heretofore  sought; 
to  obtain  by  telegraph  direct  to  ourselves  the  report  of  each 
Exchange  and  publish  them  at  the  earliest  moment.  Our  arrange 
ment  in  that  respoct  is  of  course  brought  to  an  end  by  the  present 
plan.  We  are  sorry  for  the  change,  as  we  think  the  public  were 
better  served  in  the  old  way.  Still  the  National  organization  is 
doing  much  good  work,  and  we  have  no  doubt  the  committees 
had  what  appeared  to  them  the  beat  of  reasons  for  tiie  present 
system.  As  it  will,  however,  now  be  so  late  before  wo  could 
obtain  these  individual  reports,  we  shall  content  ourselves  with 
giving  hereafter  a  oriefer  summary  of  results. 

India  Cotton  Crop. — Our  latest  advices  by  mail  from  India, 
which  are  now  brought  down  to  October  4,  appear  to  show  gome 
improvement.  The  latest  dates  wo  gave  in  our  previoai  sum- 
mary were  September  16. 

On  September  33  (Bombay)  Messrs.  W.  Nicol  &  Co.  slate  that 
on  the  30th  inat.  their  Hingunghat  c:>rrespondent  writes:  "No 
"  improvement  has  taken  place  in  the  weather  since  last  report. 
"  We  have  had  showers  every  day,  and  all  the  cotton  lands  are  iu 
"  a  paaty  state.  In  the  Wurdah  direction  things  look  very  gloomy 
"indeed;  all  the  low-lying  cotton  fields  are  choked  with  weeds, 
"bo  that  the  plants  are  scarcely  visible."'  Messrs.  Nicol  &  (!o. 
add,  however,  that  since  the  foregoing  was  written  "  they  had  a 
"  telegram  stating  that  the  sky  was  clearing  up,  and  that  pros- 
"  pectg  were  mora  favorable.  There  has  been  rain  all  over  the 
"  Berars,  and  from  native  sources  we  learn  that  some  damage  has 
"  been  done,  but  we  do  not  attach  any  importance  to  the  reportn. 
"  Accounts  from  Surat  and  Broach  are  somewhat  conflicting,  but 
"  the  generiil  impression  seems  to  be  that  the  condition  of  tLe 
"  plants  has  undergone  a  slight  change  for  the  worse.  Latest  re- 
"  ports  from  Kattiwar  are  favorable.  From  Kutch  we  have  no 
" news  lately."  And,  on  the  3d  ot  October,  the  same  authority 
states  that  the  "latest  accounts  from  Hingunghat  are  decidedly 
"  more  cheerful,  and  witii  a  continuance  ot  the  present  favorable 
"weather  much  if  not  all  the  reported  damage  will  be  made 
"good.  From  Berar  and  Guzerat  reports  are  also  very  lavor- 
"  able." 

Sir  Charles  Forbes  &  Co.,  under  date  of  Bombay,  Oct.  4,  state, 
that  "  the  reports  from  the  districts  as  to  the  forthcoming  crops 
"are  generally  satisfactory,  except  from  Broach,  Kbandeish  and 
"  some  parts  of  the  Nerbndda  Valley,  where  excessive  raius  have 
"  caused  more  or  less  damage.  The  Broach  crop  is  generally  ex- 
"pected  to  fall  short  of  that  of  last  season.  In  the  Southern 
"  Mahratta  Country,  where  planting  has  made  fair  progress,  rain  is 
"  reported  to  be  much  wanted.  From  Bellary  we  learn  that  the 
"  western  crop  shows  excellent  promise." 

Finlay,  Muir  &  Co.'s  latest  date  is  Bombay,  Sept.  23.  At  that  time 
they  wrote :  "  Rain  has  again  fallen  h<  avily  throushoul  the  Presi- 
"  dency  and  in  some  districts  considerable  injury  has  been  done. 
"The  Broach  crop  is  expected  to  be  later  than  in  the  last  two  sea- 
"  sons,  but  the  quantity  is  not  expected  to  be  effected.  News  has 
"just  been  received  of  serious  damage  to  both  the  railway  and  the 
"town  bridges  over  the  Saburmuttee  at  Ahmedabai,  and  it  is 
"  feared  goods  traffic  by  rail  with  Katty war  cannot  be  resumed 
I  "till  the  dry  season  is  well  advanced.     From  Berar  accounts  con- 


Savannak,  Georgia. — There  were  five  rainy  daya  here  the  past   "  tinue  very  good,  «nd  a  prosperous  season  is  looked  for  by  the 


J 


NoTember  13,  1875.) 


THE   CHBONICLE. 


471 


"  tyota.  In  the  Dharwsr  dlttricta  cotton  sowin?  is  well  adTanoed, 
"  mmI  vora  nin  U  now  wanted." 

Finning  ft  Ca,  October  lat.  (Ute  that  "  the  growing  crops  in 
"  Iho  Pnnjaab  and  opper  SJnd  districU  are  again  more  farorably 
'-  f«port«d  00,  the  effect  of  the  late  rain  haTiag  proTed  moet  b«ne- 
"  fldal." 

It  will  thoa  be  seen  by  tbe  foregoing,  that  with  the  close  of 
Srptembcr  tue  prospect  everywhere  brightened.  StlU  ,  it  would 
appear  probable  that  the  shipmeots  daring  1876  from  these  ports 
coald  net  equal  the  last  two  yean,  unless  there  proTts  to  be  io- 
rrvssed  plantiotr,  and  we  have  seen  no  notice  of  that  except  in  the 
oomrawottee  district.  CvrtaiolT  tbe  start  haa  been  miseh  leas  favor- 
able tbtn  was  the  case  for  either  of  the  two  prerlotui  aeasoDS, 
when  the  whole  planting  and  growing  period  appeared  to  be  pro- 
pilioos. 

LimrooL,  Not.  la.— 4  P.M.— Br  Cable  from  Lrmtroou— 
Tbe  market  has  rated  steady  to-day.  Seles  of  tbe  day  were  10.000 
betes,  of  which  S.OGO  belee  were  for  export  and  speealation. 
Of  to-day's  sales  5,000  balea  were  American.  The  weekly  move- 
iMBt  is  given  as  loUows  : 

Oct.  n.         Oct.  a.         Nov.  5 

■alHOf  thsweek  ..  balsa.;  Sl,«0  «l.tH 

P«twatda4  ILWO  4,M0 

of  wWehazpsitststook. HMO  7.098 

Jotal  Stock  {^2hiirf 

Of  wMA  ABMlran  j  b,u«"<I     . 

TMallBVsrter  tbe  week. UjHt  «M« 

of  wUab  AMttcaa. ..    KMO  KtW 

Astaalczpert       OLIM  M.I 


rsleok.....     4.000  ^010 

ti       ...1   ■"*"""  iMMIOl 

ActaaL..  I  ^^  IMLIOIj 

esk. •I.OOO  «M« 


TtOM 


of  wfelefe  AasrlsaD.. 


61.1 


Sot.  II. 
(1.000 
9,000 
7.0OO 

t,aoo 
ai«.ooo 

i«a,ooo 
»i,aao 

1 1.000 

7.000 

tSLOOO 

utooo 


Tke  fellowtac  taMa  will  show  tbe  dally  elosiac  priess  of  eoltoa  fer  Me  wMk: 
Tass.       Wsdass.      Tbaia.  Fri 

^M  ..•ais-n 

aiTrBBAT.— Oct.-Ilev.  ridypsel  fMai  lav.  ar  Otes..  Low  MM.  cUaar.  hj 

Cha< .  Low  KM.  daate,  by  Mil.  If 


icu.irprds.  .aau-M 

4s.Ort*aa..  ..#TJ 


MtLMriasliifcHfd. 
J8a.-Fab.  Jiluai  St  freai  8av.  or 

Wfi^tlmdk  Mlvery  iraaaaaT.  or  Cbw..  Low  MM.  daaaa^  OVd. 
llaiTb  >|irit  Mtvary  ftaas  Oav.  or  Ckas^  Lew  MM.  daase.  0  »■ 
~iT.— 0*£-Jae.  sU 

-  i.-Rb. 


It  IMS  lav.  ar  Cbaa,  Low  MM. 


^?!dsc  Mn*y  fraa  lUw  Oilsaaa,  Low  Mid. 


by  mli.  \l 


Mev.diH 


0»Mt. 

tlO-lOd. 


■aa*  daUvarr  flea  Bav.  ar  CbM .  Lew  MM.  AsaaiL  t 
taHvsn  (nas  8av.  o*  Ohaa_  Low  MM.  da«^«l»i(d 
v.k  .«aiik dsMvorr fMalsv. ar Cbaa.  0 ll-diM. 

laSMM  IM«  aav.  er  rasa  .Lew  MM.  daaa^  JMd. 

lOmjtnm  aav.aroETLow  MM.  dtasi^  iBil. 

d#TCry  ftaa  Biv.  sr  Obaa,.  Law  MM.  staaaaTI  U 


■aasAi.— >l*a.-V*b.  sL,_ 

claaM.  by  ««.  tf  nfUSi*,  U 
Manb- «|ra  datmry  >MB  lav.  sr 
Oct. -Slav.  thliAMet  fraa '" 


l^lid. 

fraai  NewOclaaas  ar  Tvaaa,  LowXId. 


■  lav.  sr  Cbaa- bow  MM.  riaeWL  0 II 
•av.  or ChaauTLew  tficstsasa. M(d. 
Dsc-Jae.  •felptosat  froa  ttit.  m  Cbaa..  Lew  MM.  alaaaa,  oSd- 
Jaau-Pab.  ahlMMt  "        '  ~         "        -=^^^ 

le^abad^  Oft-Mid. 
Mb.*MSraB  iMatosa 

£U3:ss::;^Iv. 


lO-Wl. 


Ciaai  aav.  ar  Cbto..  Low  MM.  diMa,  by  rail.  IT 

I  tnm  Bar.  er  flbaa.  Lew  MM  elaaaa,  by  all.  If 

fteai  aav.  er  0^.  Lew  MM.  daaar,  by 


r<b. 


0  1»-t*d. 


^Basset  bass  aav.  ar  Cbaa.,  tew  MM.  daaa*^  by  aai!. 
l^raLoSlM. 
d«««T  bea  aav.  ar  Cbaa..  Lwr  MM. ) 


MaRb-AarlfMlvwy 

f  Bf&4i.— Dsc-Jaa.  si' 

,018-: 


MtNlKAfrfliaHvary  traa  8av.  ar  Cbaa ,  Lew  MM.' 
OHi  iMiif  lat  ftaa  aav.  a  Cbar..  Lev  MM.    ' 


\  I*- ltd. 

Dec  daUte^  froa  aav.  or  Cbaa..  LawMM.  Mmss.  OKd. 
Mev.-Oat.  dsUvtry  (roa  Xew  OtkaaO<ew  iBdr dawe.  0  A-IOd. 
Tub  Bxtokt*  of  (Urrron  from  NVw  York,  this  week,  show  an 
innaasB.  aa  eoinpefwl  with  laat  week,  the  iolnl  reaching  Sl.Ott 
be  be,  agninal  t7;>0B  bale*  leal  week.  Below  we  give  oar  usaal 
labia  abowing  tbe  esporle  at  eettua  from  New  Torti,  and  tlieir 
dlfOoHoo.  fotaadtof  the  laal  four  weeks;  also  the  loUl  exports 
■ad  dlfiOllMI  alaoe  Bopt.  1,  1975,  and  in  the  laat  mloaia  the  total 
for  tbe  seme  period  of  the  prerioaa  year. 

■siMrtaatCe«i*B(baiea)fF*aBNew  r*FttelMeeae»l.l.  I8T( 


*»..».. 

Talal 

Oaae 

p«rlo4 

■JuoamD  vo 

OsL 

a. 

Oct. 

n. 

Hov. 

1. 

Kev. 

Miai 

to 
data. 

maa 

U4t 

Ti:oo? 

prav*B« 
jar. 

Oiwuqal 

T.ia 

un 

lija 

1.444 

n.*it 

OttTSfiMiraru 

Tetal  te  «t.  arltato 

B^Tf  11         

liOa 

•.50T 

tt,Ta 

n,ai 

MJII 
tJOl 

.... 

WW 

a.ito 

t,lD( 

a 

11,014 
10 

w 

•%m»mi  9w%m»% 

un 

_wa 

ua 

•  •-a 

t.ta 

na 
i.ne 

.... 

•m 

MM 

!5i 

aa 

8R 

»,401 

Baabart 

Othar  porta 

Total  t*  n.  Bwreye. 

4ja 

*ni 

itb'i 

Tetal  avals,  *«L 

"wm 

ai 
Mida 

.... 

.... 

MO 

Clraa4  Tetal 

tua 

«,oa 

loi.ne    io4.ao 

MOB'Tsraoa- 

■aw 

roaa. 

aosio>. 

rma^vmir'ik 

;  B^TUiOBS. 

Thli    \  Since  1 

This  1  Since 

ThU  1  Since 

Thia  1  since 

week. 

Sept.  1. 

week. 

8«pt.l. 

week. 

Bepui. 

week. 

Septl. 

Mew  Orleaaa.. 

>>sa 

ak44T 

... 

Texas 

IJM 

U^IOI 

favaanah 

t.W 

»,IM 

l,10t 

4,ns 

ttl 

&.OT 

B«ft 

^«84 

Mobile. 

•  •• 

riorida 

491 

8,110 

.... 

.... 



rUCaraUaa 

O40 

I9.>M 

.... 

>••• 

>.  ■. 

Ml 

^*ls 

rtboaratlaa 

1,7« 

l4,Ma 

•  ••. 

1,4T1 

4^019 

RaA-rB  Porta 

&,«» 

ot.a« 

i.ta 

ia«a 

•  •*. 

.... 

4.  in 

lt,S71 

at 

MStj 

>.sto 

I6,T1« 

.... 

•  *•• 

Taaaeami.  Ac 

4.J0« 

M.U1 

1.1M 

t,S» 

too 

a,Be7 

BO 

1,418 

ferslcB 

at| 

.... 

.... 

total  this  year 

it.oa 

ao.atj 
in,on' 

l.fM 

a.in 

I.SIS      t,!4l| 

7,046 

ss,no 

Total  last  year. 

ao.of7 

9,7»T 

4t,7>T 

l,t49'  ItOts! 

6,f:a 

I8.1M 

Smrpilfo  Naws. — The  exports  of  cotton  from  the  United 
States  the  past  week,  aa  per  Uttftt  mail  returns,  hare  reached 
81,4M  balea.  So  far  aa  the  Southern  porta  are  concerned,  these 
are  the  same  exports  reported  bv  telegraph,  and  published  in 
Tmb  CaBOMiCLS  laat  Fridav.  With  regard  to  New  York,  we 
JBClode  the  manifeeta  of  all  vessels  cirared  up  to  Wednesday 
night  of  this  week. 

Total  bain. 

Raw  Tou— To  Uvarpooi,  pa  ilamsii  WlMOnrin,  1,914 City  of 

Barilo    1.14t...Adrtaaer  1.781.... Seytbia.  718  ..  Brin.  l.tTi... 

pn  (hipa OuavBB,  t,OM Prince Badolpb,  1,700...  Atmofphare, 

MM  ..  UvlBcitOB*,  IM ISJIt 

I^BraaMB.  per  siaaaMr  Oda.  I.tn ...    un 

Ta  Haaben.  pa  staaa  Wlalaad.  tOOt 1,008 

-    Ts  Rasita,  pa  Maaaiar  Bladoo,  too M» 

Maw  OsLajjia— Ta  Uvarpooi.  pa  Mraaan  Dtaao,  t.6a Oberan, 

1,400...  Jawdcaa,  4.000  .    pa  iblp  L.  L.  Btarga,  4,M<    .par 

bark*  Fleatwlac.  1.IJ0    .  Leamlactoa.  0.110 B,1U 

ToHavT«,per  •kips  Tnaalt.  1,«8: . . .  VlfUlate,  I.044.... per  bark 

PMyaaia.1S7 7,009 

Te  Oaaoa.  per  bark  Tknafoaa,  1,476 1,478 

T»TsraCnu,pw»leaBaCltyaf  Merlda.  1,100 MOO 

Moan.»-To  Orlouby,  O.  a,  pa  buk  Lorloa  Vale,  Ml (81 

To  BaTT«.fw  acbimacr  C.  M.  Mawlaa,  1,181 1.101 

To  Baaban.  pa  scboaan  VaikyrMn.  4M ..       4M 

Ceiaiapia— To  uvarpeel.  pa  rtaaaiOT  Poaca.  t.01t  Dplaod....pa 

iHAadfew  Jaabaoe.8^Dphuul  *Dd19«S«aIrland  ^741 

Te  Havta.  pa  »cbooea  Leokeet.  1.790  Upiaad  1.760 

BAVAini«a— To  UvapooL  paiasaw  Stadsat,  0,017  Upland  tad  41  Baa 

lalasd  ...pa •UpOasllda.ajM Upland  6.081 

TBXA»-Ts  Llva»eal.  per  itaaa  kollTar,  l.tlt      pa  barfci  Sabtna, 

Talraaea.  pa  barSaHana,"aa'.  ■  ■  iaialtu,  tib  '.'.'. .'.'.'.'i!.'!!!!'!!'. 
Bseioa— To  LivapooL  pa  Mif  Bauvla,  817. 


To  Aatwrrp,  pa 


—To  Uvapael  jwr  stama  ladtaaa,  ttl. 
r  etaaa  Xfedrrlaad,  100 


8R 


•e 


iM 


Total 81.494 

The  partienlaro  of  theee  ahipmenta,  arranged  in  oar  asoal  form, 
are  aa  follow* : 

Unr-  Qrlaa.  Bra-    Baa-  Aat-  Vara 

pool.      by.  Uavra.  nea.   bora.  w*rp.  Oenoa.  Croa.  Total. 

raiai     utn  i,oeb    ii,aa 

ll.ia     ...    T,009     1,478    1.600    0,700 

.  .      ai  I.MS    ....     dM     8,aM 

M41      ....     1.7S0     ^  ..„     ,  ...      7,411 

IwOll     ,„     A  ....       ...      tkOtl 

—  -  T %m 

a a  MT 

a    i.mi 

.TetU OIJIO     'ariO,MO    8,714    l.da      m    l,47»    1.100    11,494 

tadedod  la  lb*  tbova  lolala  are,  boa  Now  York,  IM  bala  to  BbhU. 
Below  we  give  alt  news  Meeived  to  date  of  diaaaters,  4e.,  to 
leaoala  earrylag  eottoo  from  UnltMl  Suiea  porta  : 
W.  A.  BcaoLTsa  (Dolce),  ft.,  wbleb  arrived  at  Kettadaai.  Oct.  a,  troa  New 
Torfc.  kaa  foaa  laio  dock  fa  repaint  of  what  aator*  not  itated. 
Cotioa  fraigbU  the  peat  week  have  been  aa  tollowa  : 

Bremen .^Haabarg.-. 

BaU.    Steam.    Ball. 


The  following  are  the  reealpta  of  eottoo  at  New  Torfc,  Boston, 
Pbllatlelphlaaod  BaltliMyre  for  tbe  iMt  week,  aad  oteee  Sefit.  l.TS; 


1  coap. 
I  comp. 
I  coap. 
I  eoop. 
1  eoap. 


BRE  ADSTU  FF8. 

rus4T.  p.  M.,  Movemba  II,  inS 
The  Soar  market  opened  dull  and  weak,  but  at  aoma  decline 
•etire  lor  ex  port.  On  Taaeday  sales  were  made  of 
ppliig  axtraa  to  the  extent  of  about  20,000  bbls.  at 
90  00<9#S  09,  part  for  fotare  delivery  at  tbe  inside  price,  and  the 
rtamanj  has  been  very  fair  ainee.  Extreme  low  gradea  have  alao 
bean  Id  reqneet ;  bat  medium  and  choice  brands  have  been  com- 
paratively dull,  with  prices  exhibiting  an  Irregular  decline.  Rye 
8oar  baa  been  drooping,  but  com  meal  mote  active  and  firmer. 
Bocalpa  of  Soar  have  continued  large  at  all  polnta,  and  foreign 
adFlcee  have  been  dull  ;  holder*  have  eoaaeqnently  had  little 
aaeoaragemeot  in  an  effort  to  persevere  to  maintain  priees.  To 
day,  the  market  waa  fairly  active  but  at  weakening  pricee. 

The  wheat  market  has  been  unusually  dull  for  this  season  o 
the  year,  and  prices  have  rated  quite  unsettled.  Holders  have 
bean  Arm  at  pricee  which  shippers  coald  not  pay,  and  at  which 
teinere  patchaaed  only  to  supply  pressing  needs.  For  lota  to 
complete  cargoea  rather  more  money  waa  paid  on  Tuesday,  but  on 
Wedoeeday  there  was  not  enough  done  to  establish  prices. 
Sseelpta  have  been  large  at  all  points,  aad  atocka  aocnmalate  con- 
siderably, but  the  bull  p>rty  to  tbe  speculation  at  tbe  Waat 
axhlblta  much  strength.  T»day  there  waa  a  steadier  feeling,  with 
a  (air  export  demand. 


472 


THE   CBTRONICLE 


[NoTember  13,  1  75 


Indian  com  has  at  timm  broagbt  rather  more  money,  bat  no 
permanent  advance  tras  established,  and  the  demand  was  quite 
moderate.  The  business  has  been  mainly  at  76c.  for  prime  sail 
mizpd,  afloat  and  for  early  arrival.  Receipts  at  the  West  have 
continned  lit>era],  bat  the  Eastward  movement  has  henn  on  a 
reduced  scale,  and  it  seems  probable  that  this  port  will  be  largely 
dependent,  during  the  period  of  suspension  of  inland  navigation, 
upon  such  supplies  as  can  be  gotten  forward  by  rail.  The  sup- 
plies of  new  com  from  the  South  have  been  trifling.  To  day  the 
market  was  quiet  and  unchanged. 

Rye  ha.'i  developed  a  stronger  tone,  and  quotations  are  advanced, 
although  transactions  have  been  limited  ;  83c.  bid  for  Canada  in 
bond. 

Barley  has  been  without  new  feature,  the  demand  continuing 
quite  moderate,  and  prices  covering  a  wide  range,  as  b.-tween 
qualities. 

Canada  Peas  have  been  much  more  active,  with  sales  at  #1  Oi{ii 
$1  05,  in  bond,  part  for  Nov.  arrival,  and  t  -Jay  they  pold  at  |1  06 
to  arrive  in  bond. 

Oats  were  subject  to  speculative  control  throughout  the 
week  and  developed  great  irregularity  ;  prime  to  choice  mixed 
advanced  to  48@51c.  with  speculative  transactions,  but  when  it 
came  to  selling  car  lots  to  the  trade  the  advanced  prices  were  not 
so  readily  obtained.     Today,  No.  3  Chicago  nominal  at  49@50c. 

The  following  are  closing  quotations : 

IflMOB. 

No.S «_bb;.|4  OOa  4  65 

Saperflne  State  &  WeBl- 

ern 4  90^6  30 

BEtra  State,  Ac 5  60@  6  80 


Floor.        Wheat.       Corn.       0»t«.  Barley.      Rye. 

TotalJan.  1  todate.8,0n.l61  4B,76!,.')«  60.n50,(Wa  le.MS.dSn  S.Oli.lS-     378.180 

Same  time  1874 9,l:n..W4  BS.TSS.asS  <lB.f4I.4I8  17,«1.5,801  2.84!>.P(iO     WI.SOT 

Same  Ome  1873 S.llS.SflO  4a,37«,25()  44,160,794  I!i.94!l,n«9  2  flOri.BS!)  1,(176,496 

Same  time  1!«T3 6,350,850  19,46r,978  »5,5'..%0J4  l!t,87i),114  3,471,181     475,389 

Thk  Vibiblb    Sopplt   of   Ubain,    including  the  stocks  in 

granary  at   the  principal   points  of  accumulation  at   lake   and 

seaboard  ports,  in  transit  on  the  lakes,  the  New  York  canals  and 
by  rail,  Nov.  6, 1875 : 

Wheat,  Com,  Oats, 

bash.  bash.  bneh. 

[n  store  at  New  York 3,819  457  1,11S,9!)8  615,591 

[n  store  at  Albany    Saona  5,000  86,000 

In  store  at  Buffalo 380,8«5  '.ai.lM  101.310 

In  store  at  Chi  cage 1,015.607  80-2,»3l  500,409 

In  store  at  Milwaukee 619,244  1S,74S  48,948 

In  store  at  Dul nth 140,765  ....            

In  store  at  Toledo 700,075  423,6-37  261.214 

[n  store  at  Detroit ■■i.".8,820  '.6.029  44,306 

[n  store  at  Oswemo* 150,000  50,000  30.000 

In  store  at  St.  Louis 747,739  125,593  200,886 

In  store  at  Peoria 13,209  87,112  156.612 

In  store  ai  Boston 29,719  90.256  209.4W 

In  store  at  Toronto 220,>j73  500  3,965 

In  store  at  Montreal 311,146  40,993  .3.717 

In  store  at  Philadelphia 24S.0O0  218,000  85.000 

In  store  at  Bultlmore 62.:82  145.434  60.000 

Lake  shipments  2,161,514  911,896  399,119 

Bail  shipments.  37!»,i91  285,284  409,404         62,683 

On  New  York  canals ....1.964,096  428,570  213,783       290,107 


Western  Spring  Wheat 

extras B  500  5  85 

do  XX  and  XXX 5  90(8  7  00 

do  winter  wheat  X  and 

XX  5  60®  8  25 

City  shipping  extras. ...  5  90i3  6  35 
City     trade   and  family 

brands 6  503  8  00 

Southern  bakers'  and  fa- 
mily brands 7  2Si%  8  25 

Soqthern  shipp'g  extras. .  6  00^7  00 

Rye  flour,  superfine 5  00.8  5  40 

Cornmeal— WoBtern,  Ac.  3  Sa^^  3  70 

Corn  meal— Br'wine.  &c.  3  9dQ  4  00 


Ubain. 

Wheat^-No.3ipring,  bnsh.fl  12®  1  20 

Wo.  2  spring 1  24®  1  s: 

No.  1  spring 1  34®  I  .38 

Westen  * 


Barley, 
bush. 
877.400 
144,000 
133.434 
33.5,914 
134,569 

26!02i 

4'i,664 

«.)0.flflO 

12(I,2M 

2,596 

34.919 

346.000 

6.998 

40,000 

18.000 


Rye. 

bush. 
79  356 
17,400 
718 
148  958 
35,866 

{,\\n 

2.66b 

21.298 

86,08<t 

90 

3,846 

I'.tob 

2,000 
1S.«S 
17,817 


Total 18.762,9)0 

Oct.  80.  1875 12,319.6?6 

Nov.  7,  1874 10,645,673 

>  Estimated. 


4.683,838 
4,691, 1525 
6,747,878 


3,619,473 
3.191,436 
2.947,491 


»,17.\8.35 
».M5,854 
2,351,817 


419,447 
270,885  • 
154,538 


Red  Western ]  00®  I  25 

Amber  do ]  .30®  1  40 

White 1  37®  1  47 

Corn-Western  mixed...       74®     76 

White  Western 77®      80 

Yellow  Western 769      77 

Southern,  white 763     81 

Rye 82®      90 

Oats— Black ®    . 

Mixed 42®      51 

White    47®     53 

Barley— Western @    . . 

Canada  West 1  10®  1  22 

State 85®  1  10 


Peas— Canada 1  05®  1  25 

The  movement  in  breadstuSsat  this  market  has  been  as  fol- 
lows : 

. BBOEIPTSAT  BBW  TOBK ^ BZPOBTS  FBOB  »BW  YORK. 

. 1875. ,        Since    . 1875. ,     . 1874. 

For  the     Since          Jan,     For  the      Since  For  the       Since 

week.      Jan.  1.       1,  !?74.     week.     Jan.  1.  week.      .Jan.  1. 

lou,  bbls.    122,597    3,157.6;8    3,434,594      48,859    1,621,153  48,590    ;,3&1,68l 

O.meal,  ".        1,712        109,978        153,834         1,918        156,178  2,543        155.65.5 

Wheat,  bnB.1.369,803  ?7,726,875  37,772,110     68!i,344  83,.M6,0n4  016,265  33,148,761 

Corn,      "  .    155,78'>  20,462,719  27,285,315    816,440  11,964,900  159,152  17,475.932 

Rye,        "          21,800       21,5,132       536,704        5,242        159,952  2,928       581,465 

Barley.  "  .    309.122    3,225,819    1,895,740         ...               110  3  000 

Data  ..."  .     259,334    8,720,449    9,592,983           600       117,23r  3,412       108.382 

The  following  tables  show  the  Grain  In  sight  and   the  move- 
ment of  Breadstuflis  to  the  latest  mail  dates. 


BBCBIFTS   AT 

NOV. 


LAKELAND  RIVER   PORTS    FOR  THK  WBEK 
6,  1875,  AND  FROM   ADOnST   1    TO   NOV.  6  : 


BNDINC) 


At— 

Chicago 

Milwaukee 

Toledo 

Detroit 

Cleveland 

8t.Loul8 80,971 

Peoria 3,099 

Dnlttth 8,489 


Flour, 
bbls. 
096  lbs.) 
48,673 
46.242 
2,572 
12,977 
2,886 


Wheat, 

bush. 

(60  lbs.) 

686,526 

876,692 

2.34,.368 

159,623 

4,050 

234,098 

14,820 

123,027 


Com, 

bush. 

(66  lbs.) 

481,066 

9,710 

118,496 

20.307 

2,450 

77,902 

67,440 


Oats, 

bush. 
(32  lbs.) 

410,1<I8 
41,460 
48.977 
42,890 
6,»50 
99,161 

188,370 


Barley,  R>  c , 
bush.        bash . 

(48  lbs.)  (56  lbs.) 
188.595       .34,113 


63,775 

I6V349 
80,800 
44,521 
15,500 


3,9?0 
475 


12,400 
22,060 


Total. 150,912 

Previous  week 158,236 

OorreBi'ngweek,'74.    188,910 

'78.    140.025 

"  '73.    131,190 

"  "il     144.755 

"  '70      155,465 

Total  Ang.  1  todate  .1,472.894 

Same  time  1874  ' 

Same  time  1873 


2,8.33.303       739,671       816,836      898,640       r2,9C8 

2,808.073    1,074.407    1,040,081      847,6l?7       80.409 

1.312,24!       674,891       389,295     288  069       29.144 

1.797,099       811,689       541,221      246.615       27  960 

1,511.693       546,069       4;:,262     368.085       :t2,5;4 

1,146.645    1,233,817       39I,8H     810,543       57.006 

1,184,670       34!>.910       369.308      104,78i       28,7i3 

58,201.216  15,417,097  18,084.947  3,2.50,749     990,!90 

.    .1,688,847  27,426,519  14,261,155    9,750,610  2.907,434      482  638 

...1,78:l,.302  ,32,78«,253  23..361.9J2    9,678,. 508  2,639,151      778  373 

Same  time  1872...     .1,708,778  84,8.35,959  23,719,068    9,255,587  4,924,823     781,136 

Shipments  of  Floor  and  Grain  from  lake  ports  for  the  past 

^ur  weeks  and  from  Jan.  1  to  Nov.  6,  inclusive,  for  four  years : 

Flonr,     Wheal,        corn,       Oa.s,      Barley,        Bye, 
.  ,„  ''bif        bosh.         bush        bush.        bnfh         bust. 

?°7-»AP 162,409    2,640,8.15    1,196,530       808,523       62,688       31,140 

Oct.  30, '75 147.023     2.258,450        886,^65        887.4.37        90,657        23,567 

Oct.  33,    ^e 150.472    2,691,365       773,079       685  4.30       61,.3,S6       42,523 

9<^t.l6.   1'5 147.4.38    2,297.987       768.745       745,259     147  658       3S^,.3C8 

Jan.  1  todate 4,478,256  .50,677.981  38,904.414  16,879,6?6  2.013,581      768,017 

Same  time  1874 4,942,15.54  35,967,394  41,369,927  15,419,285  2,51I,.364  2,861,663 

Same  time  1873 6,477,852  60,188,685  46,887,010  19.988,751  3,4.5.3,0-,5  1,266,061 

SimeMme  1872 3,911,138  27,138,495  63,882,588  17,305,6S5  4,766,833  1,105,769 

RBOBIFTS  OF    FLOOR    AND  ORAIN   AT  SEABOARD  PORTS   FOR  THB 
WEEK  B2IDINQ  NOV.  6,  1875,  AND  FROM  JAN.  1  TO  NOV.  6  : 
Flour, 
At-  bbls. 

NewYork  115,968 

Boston 48,699 

Portland ...      12,081 

Montreal .      83.871 

Philadelphia 26  880 

Baltimore 30,987 

New  Orleans 86,069 


Total 293,955 

trevlonsweek 244,9.30 

Cor.  week '74 837,752 

And  at  Montreal  86,498  bush.  peas. 


Wheat, 

Com, 

Oat?, 

Bariey, 

Rye, 

bush. 

bush. 

bush. 

bush. 

buBh. 

1,183,179 

81,5,028 

272,675 

369,842 

24,826 

7,766 

46,670 

68,980 

25,518 

1,000 

19,800 

16.100 

6,000 

2- 0,51  i 

1.489 

16.459 

3,640 

176,400 

70.900 

89,100 

35,000 

1,600 

82,000 

89,500 

17,800 

.... 

l.COO 

13,938 

B8,76!8 

1,679,856 

45.6.613 

620,816 

440.000 

88,325 

1,338,918 

735.1.56 

631.414 

518,178 

47,888 

1,006,057 

502,492 

4»3,308 

890,598 

34,011 

THE  DaY  GOOD3  TRADE. 

FRtDAT,  P.  M.,  Nov.  12,  187B. 
The  package  trade  this  week  in  domestic  productions  has  been 
irregular,  but  light  in  the  aggregate  amount.     No  disposition  has 
been   shown   on   the   part  of  either  local   or   interior  jobbers  to 
operate    beyond  supplying  their  most  urgent  trade  requirements, 
and  by  pursuing  this  cautious  policy  their  stocks  are  in  excellent 
condition.     The   clothing   trade  from  large  manufacturing  cities 
have  appeared  in  the  market  in  small  numbers,  stimulating  the 
demand   for   Spring   woolens  to   a   moderate  extent  ;    increased 
activity  in  this  connection  is  looked  for  in  the  near  future.    There 
has  been  less  doing  for  export  in  brown  sheetings  and  drills,  but 
several  New  England    corporations   hold  liberal   orders  for  these 
goods,  and  it  is  gratifying  to  know  that  our  domestic  cottons 
have  been  most  favorably  received  in  the  English  markets.     The 
jobbing   trade   is  quiet,  bat  a   fair   quantity   of  goods  has  been 
distributed  in  execution  of  orders  from  the  West  and  South,  in 
which  sections  business  is  progressing  satisfactorily.     About  600 
cases  domestic  shawls — mostly  manufactured    by  the  Watervllet 

mills wore    successfully    distributed    at    auction,    where   they 

realized  within  a  fraction  of  private  sale  prices,  and  137  cases  felt 
skirts  were  disposed  of  in  the  same  manner  at  acceptable  figures. 
Foreign  goods  have  been  inactive  with  importers  and  jobbers 
alike,  but  liberal  amounts  have  been  closed  out  at  auction  at  a 
decline  from  previous  rates. 

Domestic  Cotton  Goods. — There  has  been  a  steady  but  moder- 
ate demand  for  staple  domestics,   with   most   relative   activity  in 
cotton  flannels,  corset  jeans,  and   satteens.     The   export   demand 
for  brown  sheetings  has  imparted  more  steadiness  to  prices,  and 
the  best  corporation  makes  of  fine  browns  have  been  firmly  held. 
Bleached  shirtings  have   been  in   limited   request   by  manufac- 
turers and   the  trade,  and  there  hag  been  a  fair  movement  in  cer- 
tain makes  of  wide  sheetings   at   low  figures,   including   Nashua 
8-4,  9-4,  and  10-4.  which  were  offered  by  jobbers  at  25e.,  30c.,  and 
35c.  respectively.     Low  grade   tickings  were  in  fair  request,  bat 
other  descriptions  6f  colored  cottons,  including  cheviots,  denims, 
cottonades,   stripes,   checks,   osnaburgs,    &c.,    continued    dull  at 
unchanged   prices.     Rolled  jaconets   and  flat  fold  cambrics  were 
more  active  In  jobbers'  hands,  but  the  package  demand  continued 
Sluggish.     Grain   bags,   batts,  yarns,    and   domestic  twines  were 
severally  in  lessened  demand.    Print  cloths  continued  quiet,  and 
prices  were  a  trifle  easier  than  last  week,  standard  (i43  closing  at 
4Ka4ic.     Prints  were  in  irregular  demand,  and,  while  a  few  large 
sales    were   made   at  low    figures,   the   general   movement    was 
emphatically   slow.     Neat   plaid   eflTects  and  robes  were  taken  in 
fair  amounts   for   the   holiday  trade — and   these    were   firm — but 
fancy  madders  and  chocolates  continued    depressed,  and  could,  in 
some  cases,  be  bought  at  a  concession  from  nominal  holding  rates. 
Ginghams  and  plaid  cotton  dress  goods  were  in  moderate  demand 
and  steady. 

Domestic  Woolen  Goods. — There  was  more  inquiry  for  light 
weight  fancy  cassimeres  and  worsted  coatings  on  the  part  of  the 
early  clothing  trade,  and  a  few  orders  were  placed  for  future  de- 
livery, but  trans  ctinns  in  heavy  woolens  w^re  generally  lijrht 
and  restricted  to  small  lots  of  beavers,  overcoatings  and  repel- 
lents. Jeans  and  satinets  have  been  in  limited  request,  but  sales 
have  been  chiefly  made  In  very  small  amounts,  as  was  the  case 
With  cloths  and  black  doeskins.    Flannels  have  been  in  fair  de- 


( 


November  18,  18 1 6.] 


THE   CHRONI    IE 


ri$ 


I 


mkod  for  »lngle  p»clcage  lots  repaired  for  the  rBOewal  of  jobbers' 
broken  MwrtmeDU,  and  bUokeU  have  been  rather  more  active  in 
6rM  huMla.  Bhawli  have  boen  quiet  and  felt  akirts  baTo  moved 
lew  tnnlj.  Drem  gooda  have  been  in  steady  Tcqaest  (or  re 
•MortBMiu,  and  most  of  the  milla  hare  had  a  moat  proaperoas 
fall  tr«le  in  fabrics  of  tliis  claaa.  Faocy  boalery .  Cardigan  jafketn 
and  fancy  knit  woolena  have  been  re-ordered  in  eonaiderable 
quantltiea  by  interior  jobber*,  bat  wool  hoee  and  half  hoee  and 
shirta  and  drawers  have  eontinaed  qoiet. 

FoRKion  Drt  Oooda.— Batineaa  haa  been  Tery  qalet  with  im- 
porters as  la  oaually  the  case  between  seasooa,  and  seTeral  firms 
hare  had  recoarse  to  the  auction  rooma  in  order  to  close  eat  such 
odda  aad  ends  of  their  tlocka  as  they  are  indisposed  to  carry  over 
to  aaothar  seaaoo. .  The  most  important  auction  sale  of  the  week 
was  a  peremptory  ofTerlDgr  of  the  celebrated  "  Lupin"  fabrics  and 
French  dress  goods  of  the  imDorUtion  of  Mesira.  Benkard  t 
Hatton.  SUka  have  been  tolerably  active  in  low  aad  medium 
grades,  bat  fne  qualities  have  ruled  quiet.  Linen  goods  moved 
■lowly,  but  were  firm  owing  to  the  stiiTaea^  of  the  Irish  and 
Scotch  markets.  Laces  were  rather  more  active  an£  embroideries 
were  in  steady  demand.  Black  cashmeres,  alpacas  and  mohairs 
w«(o  firmly  held.  Silk  aad  eotloa  volTeta  hare  haaa  in  fair 
leqaaat,  bat  ribbons  were  dall  aad  a  ahado  towar. 
laaportAllona  of  Urw  Soods. 
Ths  Importations  ol  dry  itoo'ia  at  this  port  (or  lbs  wsek  eodis| 
Nov.  11,  1S75,  and  the  eerrespondinn  weeks  of  1874  and  IS' 
have  bcsD  as  follows : 

■O' 


Bxperta  or  LieadluK  Articles  Irom  :*9Vg  VarKa 

The  following  talkie,  compiled  from  Custom  House  returns, 
■hows  the  exports  of  leading  articles  from  the  port  of  New 
Tork  siase  January  1, 1875,  to  all  the  principil  foreign  countries, 
aad  also  the  totals  for  the  iaat  week,  and  since  January  1.  The 
last  two  lines  show  (o<at  so^uM, including  the  value  of  all  other 
articles  besides  those  mentioned  in  the  table. 


-  a 


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rasoCweoi. 


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TKMt 

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Pkc*.     ▼ataa. 


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ITUM 

iin.Mi 


rkss 

m 


II.  IRS. 
-ISTO 

Valsr. 

t«*,3sa 

ISI.IIS 

Ml.  It) 

MS,  Mi 


nojM    MM   $m,m    UT« 

I  aSB  laaowa  nrto  vaa  aAaaav  ooi 


isii.srt 

B*  TSS 


tslal 


.„  jnnHi  m  •w.m  $m 

■ansa.,  m  mjm  tm  ^bm  tm 

silk m  MMH  n  turn  m 

tax..,,     ns  MUM  «•  »■»  4I( 

«ry(o^.   m  mm  m  nm  jt 

«•  vmjm  Ml*  ••MM  LtM 


|!«1«04 

«S.i«« 

19.  «H 
fMT.tM 

•ti.sn 


I  a.  tba  sorf .  t.W  fUlMK      i.M6  •I.MMat     %«•  •Un,mo 
laapvrts  of    l.««4ilB«  Afalas. 

The  following  table.  eompil«d  from  CtStoa  Hoase  ratarns 
shows  tba  foreign  iaporle  ot  leading  attlslsa  at  thia  port  since 
Jan.  1, 197.).  and  for  the  same  period  of  1874  : 

[TfceqaaatUvUclva  ta  peewsa*  w»—  sotoOarwfae  epscMe*.] 


|ii!i«i|i£2i:|:?|J|:i:"«-|ir!;|| 


•98S  :  •  •  :«  ;=«s  I .  iiS?  :aEi 


ig:8S 


S9Bg  : 


5s 


''"    '    i  ' 

j|i:ii5i.i«:.|:"«|;:Epi|i|p8|||| 

L:inMH!'lSi5f«|i«:;i:»:::S»|:p 

||:V::::.:J::H5-|^^:|.:-iiM-|| 


:-  i  lis  ill 


"    ^  lifi  BE 


u^ 


rfrf 


•li|l;»| 

8 


8 


ill  i-fi  i    8  : 

:  8 :  i3 :  ;8« 


8 

3 


IS 


\hm  ■■  :8s  i  ilS?  :  ilS  I  -5  2|5555-f  5 5e  ^  i| 

1  i  ^  5?  ^  'las-  ii ;  11  is8gS2  inmm 
|||l|  !||  !|!|!|!p«J|i|||i«|i| 


474 


THE   CaaRONICLE. 


I  November  13.  lt<75. 


UENERAL 

PRICES  OUIUtBNT. 

Pot 5    < 

BBBADaTDFFS— Seeapecl&l  report. 
BUILDING  MATKBIALS- 

£r(ct<—(;omuan  hard,  afloat 2  75 

Crotoii U  00 

Philadelphia 28  CO 

Cement — it  tH«iulale 1  15 

Xt'me— Rockland,  common 1  (10 

Kocklanil,  flnUMng ISO 

l.T*fnft«r— 3i)uttier.i  pine 23  00 

WbUe  pine  box  hoards 15  9P 

Whlce pine  inercban.  box  boards.  1^00 
Clear  pine 45  00 


SK 


9    t  a 

»  H  00 

e  so  ii-i 
a  1  i) 
a 
a 

a  89  ou 

a  18  00 
a  21  00 

a  56  no 


7  a 
iixa 


Oak  ana  ash 10  OO  a  45  00 

BUckwalnut 76  Ou   @100  00 

Bnrnco  hoards  A  planks 18  00    ®  22  00 

Hemlock  bnariln  lis  planks 16(10    a  20  00 

JTaJte— '.0a60d.com, Ten  A  sh.V  keg    S  OO   a    3  15 

Clinch,  IX  to  Sin. &  longer 4  so    a    5.10 

Sdaus 5  25    a    5  40 

Catsplkes,  all  sizes 3  25   a. 

lWn<«— Lead,  white. iVm,  pure.  In  oil 

Lead. wh. .  Amer.,  pure  dry 

Zinc.  wh..Amer.  dry.  No.  I 

Zinc.  wh. .  Amer..  No.  1.  in  oil 

Farlswhlte.Bnjrllsh. prime  gold...   1< 
BDTTKR— (Wholesale  Prlcej)— 
Half  flrkinsCEast'u;  Sastoselectlons      22    @ 

■Welsh  tubs.        "       '•     lata       22   a 

Half  firkins  (West'n)  '•       "         ....       13   @ 
Welsh  tubs         ••        •'       "  ....       IS   a 

CHKESK— 

NewState  factory,  fair  to  good IIHS 

Western,  good  to  prime 9    a 

COAL- 

Anthraclte  (by  cargo) S  75   a    6  75 

Llverpoolgas  cannel a  12  00 

Ltyerpool house cannel — ..a  lo  00 

COFFBK- 
Rio,  ord.  cargoes.  6oa»0  days,  gold.       17X9 

do  fair,  do        gold.       19    a 

do  good.  do        gold.       itui^ 

do  prime.  do        ..' — gold.       'H}    i^ 

Java.mats  and  bags gold.      25>o 

NatlveCeylon gold.       tt    4 

Maracalbo   gold.       19H  » 

Laguayra goid         19Ka 

St.  Oomingo gold.       18    tA 

Bavanllla  gold.      19   @ 

CostaRlca    gold.       19   a 

OOfPKK- 

Boits a 

Bheathmg.new  (overl2  oz;  

Braziers*  (ovef  1 6  oz.) 

American  Ingot.  Lake 

COTTON— dee  special  report. 

DUUGS  &  IjyKS— 

Alum,  lump '. 

Argols,  crude gold. 

Algols, refined *• 

-Arsenic,  powdered •' 

Bicarb,  soda,  Newcastle " 

Bl  chro.  potash. • 

Bleaching  powder *• 

BrlmBtone,crude.perton '• 

Brimstone,  Am.  roll VA 

Camphor  refined 

CastoroU.B.l.lnbond,  VgaL.gold.  70   a 

Caustic  soda ••  4  12X3 

Chloratepotaah "  20>^3 

Uochlneal. Honduras *•  42    q 

Cochineal.  Mexican *  42>^a 

Cream  tartar  "  34^8 

Cabebs,  Kast  India 9    a 

Outch gold.  6    a 

aambler '•  — a 

SInseng ..cm.  1  15    a 

Glycerine.  American  pure "  16    a 

Jalap .•■•■■ "  IIX* 

Licorice  paste,  Calabria 26    a 

Licorice  paste. Sicily 25   a 

Licorlcepaste.  Spanish,  solid.,  .gold  20    a 

Madder,  Outch "  6)48 

Madder, French "  6)^9 

NutgallB.blue  Aleppo ^ 

Oil  vltrinU66  degrees) IVa 

Opium,  Turkey  ....(In  bond),  gold g 

Prusslate  potash, yellow.  Am S2i^'a 

QnicKsllver gold.  72    a 

Qnlnlne cnr.  2  30    ® 

Rhubarb,  Chlna,gooiltopr....l(  It.  HO    @ 

Sal  soda.  Newcastle ^old  145    a 

Shell  Lac 4.'i    a 

Bodaash,  ordinary  to  good gold  2  00   ® 

Sugar  of  lead,  white 18    @ 

Vitriol,  blue. common 8Xa 


9X 

1  35 

S3 
28 
27 
» 

12  V 

lOH 


15 

19^ 

19!l( 

20X 

28 

22 

IIH 

18X 
IS       21 

a      21K 
a     31 

l»        30 

a     31 
a     na 


a 

a 

4  37X9 
18    13 
2  ro 
it  50    6  37  50' 


2X 
24 
MX 

4  SO 


a    2  12K 


23« 

4  62jj 

55 
45 
35  V 


6 
1  20 


28 
30 

8 

d^ 
IX 
t  50 

S3 

72  « 
2  .95 
1  50 

1  52  H 
63 

2  50 


GUNPOWDEB- 

BLA8TINO,  rOB    BAtLSOADB,  *0. 

Soda,  any  size  grain,  in  25n  kegs $2  50 

Saltpstre         do               do        3  00 

8POBT1N0. 

Electric.  Nos.  1  to  5  grain.  In  1  fi>  sq.cans 100 

Diamond  grain,  in  In  cans too 

Orange  lightning.  Nos.  I  to  7.  in  in  cans 1  lO 

Sopcrfl'iK  eairi*^ sporttnr.  In  lib  oval  cans 7n 

American  snurtlng.  In  10)  oval  cans  'tO 

Orange  ducking.  Nob.  1  to  5.  in  1ft  cans 70 

"nrk  Shooting.  Nts.  1  t)  5,ln6yB  kess 3  44 

Ea^ie  duck  shootiie.  No4.  I  to  8.  In  6^  lb  kegs  3  4( 

Orange  ducking.  N'os.  1  to  9.  In  614  n.  kegs    .  3  44 

Eagle  .luck  shooting.  Not.  1  to  3. 12HB  kegs.  «  S8 

Dock  ghootlnir,  i«os.  1  toS  gr.,  12><(tts 6  88 

Hazard'*,  Ke'tucKy  r. He.  It  "vallncans 45 

Dupont's  rifle  Kg,  FKir.  FFFg.  IB  cat.s 45 

Dupont's  rifle.  FFg.  FKFg.  6k  lbs .-  1  45 

Hazard's  Keniuckv  rifle.  FFFg,  FFg.  and  Bea 

Shoot  ng  Kg.  ewn  kegs 145 

Dupont'"  rifle,  FFi!,  FFFg.  liljtt  kigs 2  63 

Hazard's  Ke  itucky  r.|fle.  FFFg.  FFg,  and  Sea 

ShootlngFg.  I'ixib  kees 2  62 

Orangsrfle.Fg.  FFg.  FFjg.  23»  kees  4  75 

Hazard's  Kentucky  nfle.  Fg,  PFg,  FFFg.  23Ib 

Dnponv   rifle  In  85i  keg's ...!..'!!,'."....."....'    4  75 

Shlop'ci ViOUii  65* 

HIDE8- 

i>rtf— Buenos  Ayres,  selected,  gold 

Montevideo.  do....  *' 

Corrientes,  do....  " 

Rio  Grande,  do....  " 

Orinoco.  do....  •■ 

California.  do....  •' 

Matam.  and  Mex.  as  they  ran  " 

Maracalbo,-  ao....  " 

Bahla,  do....  '• 

Z)ri^iSoiI«*— Maracalbo,  do....  " 

Chill,  do....  " 

Pernambuco.  do....  " 

Bavanllla,  do....  " 

Bahla,  do....  ■• 

Wet  Salted— Baen.  Ay.  selected  " 

Para.  do....  " 

California.  do....  " 

Texas.  do...,  cnr. 

A. /.«loc*— Calcutta  slanght...  gold 

Calcutta,  dead  green '• 

Calcutta  buffalo " 

IROJN-- 

Pig.  American.  No.  1 24  00    a  '25  00 

Pig,  American.  1.0.2 22  OC    a  23  DO 

PIK,  American.  Forge 17  00   <a  M  no 

Pig,  Scotch    29  50    <%  33  00 

Store  Prtcet, 

Bar,  Swedes, ordinary  sizes 130  00   iai40  00 

Scroll 77  50    ®122  50 

Hoop 82  50    al32  50 

Sheet,  Russia,  as  to  assort gold.       12H®       13X 

Sheet,  single,  double*;  trePle.com.         4    a        4H 

Rails,  English gold.  In  bond.  35  00    @  35  00 

do    new.  American car.  45  00    a  90  00 

LEAD— 
Ordinary  foreign »  lOOlbs,  gold  7  n^'Si     ... 


a 

« 


*o 
21 

20 
20 

2! 
21 

iSKa 
i6Ka 
i6Ma 
....  a 
16  a 


luxa 
...   a 

10  a 

9X« 

iiMa 
...  a 
10  a 


70  • 

24 

21K 

20 


21X 


13X 

isK 

14 

13H 
11 
9 

12" 

14 

12 


8ILK- 

Tsatlee,No8.l  to4 *  n.  5  00  *  6  00 

Tsallee,  re-reeled 4  75  B  5  37K 

Taysaam.Nos.  1&2 (50  a  S  i"' 

Canton,  re-reeled  No.  1  Cotnffonn..  4  75  (a.  SCO 

8PKLTKK- 

Foreign '00  l».,'Old.  7  I2K  *  7  27 

Domestic cnr.  7  is  «>  7  40 

sricKs- 

Pepper,  Batnvia. gold 

do         blimapore 

do         white 

Casslu.  China  LIgnea 

do       Batavla 

Ginger  Airlcan 

do      ualcutta 

Mare  I 

Nutmegs. BalavUand  Penang 1 

Pimento.  Jamaica 

Cloves 

do     stems   

8PIRITS- 

Brandy.  foreign  brands t<  Kar. 

Hum— Jam. .4th  proof -..,.    •' 

St.  Croix, 3d  proof •• 

Gin •• 

DomeeUc  HffMors— Cash . 

Alcohol  (90  per  ct)  C.  *  W cur. 

Whiskey " 

8TKKL— 
English,  ca8t,2dft1stquality  Vltgold 
KngllBh,sprlng,2d  &  1st  quality..  *' 
Kngilsh  blister. 2d&  Istquality..  " 

English  machinery " 

English  German,  2d  &  Ist  quality  ** 

American  blister cur. 

American  cast.  Tool 

American  cast  spring 

American  machinery 

American  German  spring 


Domestic. 
Bar.  .. 
Sheet.. 


5S0     _ 

9X® 


FISH- 


Store  Prtces. 


George's  and  Grani  Bank  cod 5  00    a    6  26 

Mackerel,  No. 1,  shore  (new) 26  00    a  27  00 

Ntankere:,  No.  1,  Bay       a 

Mackerel, No. 2.  shore  (new) 17  00    a  17  50 

Mackerel,  No.  2.  Bay ®    .... 

rLAX— 

North  Uiver, prime *  lb        15    a        

FRUIT— 

Raisins,  seedless,  new 6  00   a 

do     Layer,  new 2  80    a        "." 

do     Sultana,  new 14}^a      i4W 

ao     Valencia,  new... lo    a       lOW 

do.     Loose  Muscatel,  new 3 '20    ** 


7X 
23H 

.i« 

ll** 
!  00 
23 1< 
U% 
14 

1{« 
12 

ux 


Unrrants,  new 

Citron,  Leghorn,  new 

Prunes,  Turkish 

do        French,  new  

Dates. new    

Figs,  new 

Canton  Ginger  V  case. 

"Sardines.  *  hi.  box, „ cnr. 

Sardines.*  ar  noi •• 

Macaroni,  Italian 

Domestic  Dried— 
Apples,  Southern,  sliced,  1875  crop. 

do  '*        quarters  

dn       State. sliced 

do  do    quarters 

■I0       Western,  quarters 

p*»  vclies.  pared  Western 

do       do  G  I.  goo  I  and  prime 

do       do     N.  Carolioa.  prime 

do     unpared.  halvesand  qn,.... 

Blackberries  .new 

Rvspbcrries,  new 

Cherries 

Pl'ims 

HBMP  AN     vUTE- 

Amerleai    Pressed Vton.  190  30 

A-nerlcai.  undressed 135  00 

Russia. clean gold. '220  00   _ 

Italian "    260  00    6275  00 

,.<anlla „ «B     "  7    a  7K 

Sisal .-,.  "  iii» 

jnte... "       mm     i 

GtUIIKIKS.— See  report  uodor  Cotton, 


-.a 
23  a 

7X3 

.   9X® 

SH» 

12  a 
....a 
22x8 
I4xa 


11  a 

10h@ 

li*® 

11  a 

...  a 

..a 


LEATHER- 

Uemlock.Buen.  A're8,h..m.£l 25    a       28 

California,  h..  m.*l 24Xa        27 

"       comm'n  hide,  h.,  m.  &1 24X3       28X 

rough 25    a       3* 

Slaughtercrop 31    a       35 

Oak.  rough 26    a        29 

Texas. crop »1    a       84 

MOLASSES— 

Cuba,  centrlfngal  and  mixed 25    a       so 

Cuba.clayed .  80   a      32 

Cuba,  Mus.,  reflnlng  grades 81    a       32 

do       do    grocery  grades 86   a       40 

Barbadoes 37   -a      S8 

Demerara 37    a       45 

Porto  Rico 40    a       52 

N.  O.,  prime  to  choice  new.,  f  gal.  72    a      78 

NAVAL  8TORES- 

Tar,  Washington 2  12X3    2  25 

Tar.  Wilmington   a    '.1  25 

Pitch,  cltv a    2  I2X 

Spirits  turpentine »gal.  4ixa    .... 

Rosin,  strained  to  good  atrd.»  bbl.  1  35    «    1  90 

"      low  No.  1  to  good  No.  1 2  50    a    3  12X 

"      low  No.  2  to  good  No.  2 2  00    a    2  15 

"     low  pale  to  extra  pale 4  60    A    6  00 

'•     wiadowgla?8 7  00    a    .-.. 

OAK0M— navy  to  best  quality.. .»».  7xa 

oil.  CAKE— 

City,  bag gold  40  00   a 

Western cnr.  44  50    a 

OILS- 

Cotton  seed,  crude  S2Xa 

Olive,  in  casks  *  gal! 1  20    a 

Linseed,  casks  and  bbls 58    a 

Menhaden,  prime  L.  I.  Sound 41    ^ 

Neatstoot 85   a 

Whale, bleached  winter !5   a 

Whale,  Northern a 

Sperm, crude 7  48    a 

Sperm,  bleached  winter 1  83    a 

Lard  oil.  Winter 105    a 


9V 


53 

1  '25 

60 

42 

1  20 

80 

70 

1  60 

1  85 

1  10 


21 

I  ir. 

I  <K 

13 

no 


15  a 

2.1  a 

^2  a 
11  a 

9X3 

11.  a 
02  a 
12x0 
43  a 
17  a 


goM. . 

>  50    «  1^  00 
I  65    a     7  (Kl 

1 45  a   1 61 

!  00    u     »  25 
!  26    a    2  28 

I  II  a     .... 

store  /yicft». 


14S» 

(am 

9   a 

lox® 

loxa 

...  a 


« 
a 
a 


14 
11 

nx 
« 

16 
10 
11 


14  a      IS 


(ft 


...a 


13X 
14 


a2i5  no 

®140  00 
a  225  00 


PETROLEUM— 
Crude.  In  bulk 

Refined,  standard  white.. 
Naphtha.  City,  bbls 


6X«  6X 

16    a  17H 

A  13 

a  lOX 

PKOVISIOHS- 

Pork  new  mess »bbl.  20  50  «  20  75 

Pork.-exira  prime "  Nominal. 

Pork, prime  mess  ...     '•  " 

Bnel,  plain  mess,  new "       !2  00  a    — 

Beef,  extra  tness.    "    "      13  00  a 

Beef  hams.  West.  Bum.  cured..    "      22  23  a  23  OO 

Hams. smoked  .    .  «....¥» 

Larit,  City,  steam 

BICE— 

Carolina, fair  to  prime 

Louisiana,  good  to  prime 

Rangoon,  in  bond gold. 

Fatna ■ 

SALT— 

Turks  Island 

St.  Martin's 

Uverpooi  .varloas  sorta V  aack. 

SALTPETRE— 

Refined, pnre V*  ....a  12X 

Crude gold  ....a  6X 

Nltratesoda "  2xa  2X 

BBSD- 

Clover,  Weatera »  ».  lOxa  lOK 

Timothy |lbn»b.  2  35   a  2  50 

Hemp.forelgn 2  00   a  2  05 

Flaz.rotigta 190    a  196 

Uneeed  GaloattaVUkgalaCtlme) 0  1 90 


15     ^ 

13  a 

^M 

6ya 

6xa 

2  55  a 

6V® 

2  60 
7 

23  a 

28  a 

140  a 

25 

30 

2  60 

do 
do 
do 
rfo 
do 


do 
do 
do 
do 
do 


8DGAR- 

CuUa. inf. to  com.  rearing 

do    fair  to  good  refining... 

do    prime,  refining 

do    fair  to  good  grocery 

do    centr,hhd8.4  bxs,  Nos.  B@13 

Molasses,  hhds  &  bxs 

Melado 

aav'a.  Box.D.  S.  Nos.7®9 

do    10al2 

do    1S®15 

do    16al8 

do    IC®™ 

white 

Porto  Rico. refinlng.com.  to  prime, 
do         grocery,  fair  to  choice. 

Brazil,  bags,  D.s.  Nos.  9ail 

Java,    do.   D.8.,  No8.10al2  

Manila,  superior  to  ex.  sup 

N.  O..  refined  to  grocery  grades...... 

Befined—RtiTd,  crushed vn 

Hard,  powdered 

do     grannlatea 

do     cut  loat 

Soft  white,  A.  standard  centnl... 

do       di.      olf  A 

White  extra  C  

Yellow      do       

Other  Yellow 

TALLOW- 

Prime  city,  V  lb 

Western,*  lb  ., 


7    • 

^•K 

7ya 
sxi 

8X 

sxa 

8W 

Rxa 

9K 

I  « 

7« 

5  a 

6^ 

7  a 

7V 

8  a 

8H 

jsra 

9V 

9xa 

10 

10K8 

1(1  X 

9va 

lOV 

7i«a 

8V 

sxa 

n* 

7X« 

7K 

8X® 

»% 

7Xa 

7* 

...a 

11  ® 

lOHa 

lOX 

loxa 

10  X 

uxa 

9xa 

10 

9Jf® 

9H 

9xa 

«x 

9xa 

9« 

8xa 

9X 

sxa 


in 


TKA- 

tlyeon.  Common  to  fair cur. 

do      Superior  to  fire 

do     Extra  fine  to  finest 

do     Choicest 

Young  Hyson. Com. to  fair 

do  Super. to  fine 

do      Ex.  fine  to  finest 

do      Choicest 

Qnnpowder,  com  to  fair 

do  Sup.toflne 

do    Ex.  fine  to  finest 

do    Choicest 

Imperial.  Com.  to  fair 

CO        Sup.  to  fine 

do         Extraflnetoflnest 

Hyson  Skin. ft  Twan..com.  to  fair. 

do  do      Sup. to  fine 

do         do      Ux.finetofinest 

UncoloredJapan.com.  to  lair 

do  Sup'rtofine 

do         Ex.finetoflnest 

Oolong,  Common  to  talr«««« 

do     Superior  to  fine 

do     Kxflneto  finest 

do     Choicest 

Sonc.ft  Cong.,  Cora,  to  fair 

do  Sup'rto  fine 

do  Rx.fineto  finest 


32 
48 
9S 
85 
Si 
S3 
75 


90  a  1 10 


40  a 

60  a 

I  CO  a 

27  a 

36  a 

58  a 

23  a 

25  a 


87  a 

4«  a 

60  a 

25  a 
.35  a 
59  a 
86  a 

26  a 
36  a 
56  a 


52 
77 

1  20 
38 
48 
64 
21 
27 

nal. 
39 
94 
79 
SO 
50 
70 
95 
34 
SO 
71 


TIN- 

Banca gold. 

Straits " 

English " 

Plates. 1.  C.charcoal " 

Plates.char.terne " 

TOBACCO- 

Kentucky  luas.  heavy 

leaf,     "      

Seed  leaf— Connecticut  wrapperH'7S 
"  Conn.  &  Mass.  fillers, '73 

Pennsylvania  wrappers .  '72 

Havana,  com.  to  fine 

Mannfac'd.  In  bond,  black  work 

••  "     bright  work 

WOOL— 

American  X  .1; V  » 

American,  Nob.  1  &  2 

American, Combing 

Extra, Pulled 

No. I,  Pulled 

California.  Spring  Clip- 
Superior,  unwashed  

Medium — 

Coarse 

Burry  

South  Am.  Merino  unwashed 

Cape  Good  Hope,  unwashed 

Texas, fine 

Texas,  medium .. 

Smyrna. unwashed  gold. 

ZINC- 

Sheet V  lb. gold, net 


WX't 
7  25  a 
6  87X® 


24 

i9jr 


7  90 
726 


9X®  IB 

20  a  45 

7  a  8 

18  a  8S 

EG  a    1  09 

17  a  80 

■25  a  90 


43  <r« 

43  a 

55  a 

43  a 

27  w 

26  a 

26  a 

22  a 

19  a 

29  a 

35  a 

29  a 

28  a 


)R 

so 

65 

46 
82 

32 
80 
2S 
23 
32 
38 
33 
SS 
23 


FREIGHTS- 

To  LIVKBPOOL : 

Cotton *  ». 

Flonr »  bbl. 

Heavy  goods .  .  V  ton . 

Oil..... 

Com.bnk  *  bgs.  »  Im. 
Wheat,  bi^lK  &  bags. . 

Beet *  tee. 

Port »bbi. 


. —  8TXAW. . 

s.  d.  t.  a. 
....3    X 

....a  .. 

25  0    SS7  6 

40  0  a.... 
7  a... 

7Xft  S 
6  9  (3  — 
4  6   a.... 


8)«a  .... 

. SAIL. 

*.    d  H.  fl. 

X®       5-".(i 

2  9    lA  ... 

25  0    a  30  0 

35  0    .a  .... 

....«t  ... 


4  6 
3  3 


.« 


JHE 


AND 


^xmtlt 


HUNT'S    MERCHANTS'    MAGAZINE, 

REPRESENTING    THE    INDUSTRIAL    AND   COMMERCIAL   INTERESTS   OF  THE  UNITED  STATES, 


VOL.  21. 


SATURDAY,  NOVEMBIiR  20,  1875 


NO   543. 


CONTf  K  r8. 


TBI  OBBOXICXJL 
Mr.Oea  ud  lb*  OfMakaok  Qm*- 


«n 


Tkt  laMcail  Kmmm*  BumH... 
Tbabvoftof  AmmkaMLmtbi 

(Qlairop*. 

■alliMd*  oC  tte  Stata  af  Hick 

THB  K&MKXBS-  OAZVm 
Mmot  IlMkM.  O.  S.  SitftUw. 

telhyy  SlaA^  aoM  IhrkM. 

CltTHnka.  loMM  BukL 
Pflhi^pMi  Buka.  HsUomI 

nU  OOHMBNUfAl.  TOUa 
OmhmtcUI  IplM**' '*'|S7£< 


i(»a  . 

LrUMt  llofl«ttnrirtOWTUI 

■■cHcbKam 

OnMMirrltl  cad  MtooallMMai 

Haw* 


478 
4W 


K «M 

ar«*sck*u4BeBd«  4W 

(•wTadt  Lwml  SMuMa  ....  4M 
IhtmI— Dt  Md  Btua,  Cltr  aad 

—  «7 


L 


9t)e  ((t)rontcie. 

TSB  COWM BKCtAI.  AMD  PUIAIICIAI.  ClSONICLB  U  MmW  •»  SttW- 

dmg  m^rnimf,  with  tM*  UUtlt  »4m  «p  to  midnight  •/  Frtdmg. 

TEMMM  or  ■VMOBinUB-rATUI.S  U  AOTABOI. 
Tbs  Onnnaeui  «m Fouaeut  OmmmimM,  ttHtmtt  ky  wiilw  ••  dij 
•■kwitkv*,  aad  aaUad  toaO  oikOTK 

tk»o— TMr(iM<»<itiiimn. tnf> 

rmtUMmukt. «  10 

'  '  m  «n  k*  «Mrtlaa*<  ■biO  m4«f»4  (tapp^  %  •  wHMm  or'Ur 
■MM  ffhb  Tk«  rakMakM*  csaMt  k«  ropoMikU  ttx  Boiit- 
mmla  Sf  Onfla  or  fol  0<n  Haavj  CMatm. 


■«»■»» 


MMi 


k«ri— dk— kjiliiid  klktk*  koi 


TkaUMgaaackof  IkaOtaoMCMU  at  Ha.1  AafOaVtWi 


■MrtfflMk  «•  iMM.at 
MsMalkTvi 

WILLUa  ■.  M«A,     I 

font  «.  rurra.  tm.  f 


VMMa,OM  Braad 


1  v. 


WUXIAM  B.  DANA  *  OO 

T»  «^  tt  WlUUm  All 


P«MMkOT% 

ifwt,  HBW  TOI 
Porr  Omn  Boi  4  aM. 


t^  A  MM  Utaont  U  rvaWlMd  u  Wccsu;  BaMan  oa  tba  ««■•  U  I( 
tmm.   VilMiik— 4>«n»k«crtk«w>t»m. 

jpr  A— >lkHt««lfc»OkwBiMm,  A—l^—Bm-Onw—ka  July 
nm,  I*  4ai>— W  tar  «)•  M  tt»  nam  AIM  aa«  mt  oT  Rfvt'*  MnraBAif  n 
MACinaB,  !«•  u>  |«7I.  4xlf4kr«*  «alBaM>*. 


Tk«  Bm»»«m  Dtf^ 
-  -iMOkMalalNw 


tr  Mr.  rr«l.  W.  ioM*. 


II.  GOB  1!ID  THE  6IBB!<BICI  tCBSTIO!!. 
Aatbe  gnenbaok  queition  is  entering  on  a  new  i>Iia«>, 
Mr.  Spttaldiog  hma  done  wdl  to  deUy  the  pnblicAtion  of 
his  History  of  the  Legal  Tender  InilAtion,  so  as  to  enrich 
his  appendix  with  some  additional  letters  from  promi- 
nent bankers  and  financial  men  in  regard  to  the  events 
which  brought  abont  the  ■ospension  of  coin  payment* 
in  1861,  and  the  arrangements  whiob  should  precede  and 
prepare  the  way  for  specie  resumption  in  IRTO.  We 
hare  jnst  received  from  the  publisher  an  adrance  sheet 
of  the  i4>p«odix  to  the  Tolnme,  containing  a  letter  from 
Mr.  Qmngt  8.  Co*,  the  President  of  the  Ameriran 
Ezehaoge  Bank.  The  essay  is  brief  and  oontsin<<  )mt 
eight  pages,  bat  it  throws  n«w  light  on  several  points 
of  piaetioal  iatersst.  It  nnmBsanBea  tbs  history  of  our 
legal-tender  p^>«r  money  at  an  cariier  point  than  that 
seleeUd  by  Mr.  Spaolding  in  the  body  of  his  work.  The 
nanatiTe  of  Mr.  Coe  opens  as  follows; 


"Aft«r  the  a..*oeasion  of  Mr.  L'nooln  lo  the  Prmldency,  the 
(rcoriiiea  of  the  goreromeiit  became  difficult  of  sale,  an  I  ihi>y 
d<>e  incd  to  sach  aa  extent  that  for  the  week  endiae  June  34.  1861, 
the  fbllowinfc  qaoutiooa  were  pabliahed  -.  United  States  boods, 
1881  (eoapon),  0  per  eeot.,83|@S8| :  Uoited  Sutea  Trenaary  notee, 
li  pereiot.  lotereat,  101(<9102:  Usit'^  Sutps  Tn-arurr  notes,  II 
per  cent,  iot^srett,  lOlcaiO'i :  United  Sutea  Tretsory  'notes,  10} 
per  nent.  intrrest,  100^. 

"  Z>alou«  rxertiooa  had  been  made  by  earefnll jr  orsanized  oom- 
aitlees  ol  the  New  Torli  Chamber  of  Commerce,  the  m  >nlh  be- 
lore,  to  obtain  aabscrtptiona  to  goveramenl  loana  by  aendlnn  eir- 
ealsra  thronfbout  the  Northern  S'ates,  in  which  ciiixeos,  pablie 
oJBesri,  bonks,  and  other  inatitutlons  were  aoliciied  to  act  as 
voloalarjr  sireoM.  But  the  a^irregate  aeenred  was  inconsiderable, 
■ad  Btleily  tailed  of  the  amount  rt^tiired  lor  preaaing  neci-atitj. 
The  great  conflict  was  risinif  dailr  into  more  appallinir  msfni- 
tnde.  Moosjred  capital,  with  loatioetiTe  timidity,  bnitooed 
tightly  i:a  (iOckela,  and  ahrank  from  the  danger.  Fortana<ely, 
■  be  commercial  eoodllioDS  of  the  Northern  Siatrs  were  altof^oihtir 
fkTorable.  The  paale  «i  18S7  had  bssa  IoIIowhI  by  iliree  or  four 
years  of  ataat  prodaeUTeaess  and  seonomy,  wliich  bad  so  turned 
Iniernatiooal  exclianoee  In  faror  of  thia  onuntry  that  larfrrr  bal- 
aoess  lo  com  than  erer  before  had,  daring  Irt'O  and  1861,  been 
Imported  from  Europe.  The  banka  in  New  York  alone  boldlni; 
the  aDpreoedekled  amount  of  50  millioaa.  rqnal  in  Aognsi,  1^61, 
ti)  abont  SO  per  cpnt  of  ibeir  liibllltlea,  while  the  apprehnnoion 
of  war  had  pro  I  need  a  general  cnrtailment  of  crsdit  throouhout 
the  Nonhem  States. " 

The  actual  amount  of  coin  held  by  tho^banks  of  New 
York,  in  August,  1801,  was  •49,733,990,  againnt  |92,- 
040,308  of  deposits  and  18,521,426  of  cironlation;  while 
the  Boston  banks  held  1,6,665,929  of  coin,  against  tl8,- 
S3A,0<I1  of  Ucpoeita  and  $6,366,466  of  circulation;  and 
the  Philadelphia  banks  held  #6,765,120  of  coin,  against 
115,335,938  of  deposits  and  $2,076,857  of  circulation. 
The  total  coin  reserve  was  $63,165,039,  against  $142,- 
581,956  of  liabilities.  From  this  strong  position  of  the 
banks,  Mr.  Coe  infers,  and  we  think  the  well-inform<^d 
reader  will  agree  with  him,  that  these  institutions  were 
in  a  sitaatiun  that  cnlitled  them  to  a  more  complete  trial 
as  a  government  loan  agesoy  under  the  law  of  August 
5,  1801,  which  Congress  passed  with  the  very  object  of 
enabling  Mr.  Chase  to  nse  the  banks  for  that  purpose. 

This  opinion,  Mr.  Coe  confirms,  by  the  further  argu- 
ntm^''^St  during  the  time  in  which  the  Treasury 
employed  the  associated  banks  to  negotiate  the  first  150 
millions  of  the  seven-thirties  of  1801,  they  had  remark- 
able snooeas  in  their  operations.  "  The  banks,"  he  says, 
"  began  their  work  of  paying  into  the  Treasury  in  coin 
ISO  millions,  in  sums  at  the  rate  of  about  five  millions,  at 
intervals  of  abont  sis  days.  And,  notwithstanding  the 
unfavorable  oircumstanoes,  the  disbursements  of  the 
govemnMBt  were  so  rapid,  and  the  consequent  internal 
trade  BorOBent  was  so  intense  that,  lehiU  th«  circulating 
notu  iM  At  country  ttere  rettrieted,  the  coin  paid  out  of 
the  banks  upon  each  instalment  of  the  loan  came  back  to 
the  banks  through  the  community  in  about  one  week; 
the  nataral  effect  of  this  general  commercial  activity 
being  simply  to  quicken  the  flow  of  the  oironlating 
medium." 


476 


THE  CHEONICLE 


LNovwuber  20  1875. 


Such  was  the  promisiDg  condition  of  the  finances  when, 
in  an  evil  hour,  the  paper  money  policy  was  adopted,  and 
Mr.  Chase  determined  to  use  the  privilege  tliat  Con- 
gress had  made  optional  to  him,  of  issaing  demand  notes 
as  a  means  of  replenishing  his  war  resources.  Tlie  banks 
had  shown  thfir  ability  to  pay  the  Treasury  cl  aims  as 
fast  as  required.  The  seven-thirty  notes  taken  by  the 
banks  had  been  purchased  by  the  people  to  tbe  extent  of 
some  fifty  millioni?,  and  Mr.  Coe  says  it  may  l>e  "  con- 
fidently affirmed,"  that  if  the  banks  had  been  allowed  to 
go  on  using  the  Clearing  House  machinery,  they  could 
have  continued  their  advances  to  the  government  for  an 
indefinite  period,  until  all  the  available  resoun-es  of  the 
'  people  had  been  gathered  in,  and  that,  "although  it  may 
be  presumptuous  to  affirm  that  the  legal-tender  notes 
could  have  been  dispensed  with  altogether,  it  is  safe  to 
say  that  the  causes  which  seemed  to  justify  that  act 
would  have  been  long  deferred,  to  the  saving  of  hun- 
dreds of  millions  to  the  country." 

Whether  this  anticipation  was  well  founded  we  cannot 
tell.  Mr.  Chase  determined  to  try  his  issues  of  Treasury 
notes,  and,  as  every  thoughtful  economist  predicted 
beforehand,  those  issues  of  Treasury  notes  caused  gold 
to  be  hoarded,  so  that  it  no  longer  returned  to  the  banks, 
week  by  week,  in  regular  order,  as  it  had  been  accus- 
tomed previously  to  do.  In  three  weeks,  ending  28th  De- 
cember, 1361,  the  banks  lost  13  millions  of  coin,  and  theii- 
specie  reserves  were  reduced  to  $29,357,712.  As  Mr. 
Chase  persisted  in  his  plans,  the  banks,  after  a  conference 
with  him,  determined  to  suspend  specie  payments  as  a 
step  which  was  the  inevitable  result  of  the  issue  by  the 
government  of  Treasury  notes,  which  inflated  the  cur- 
rency, and  prevented  the  natural  flow  of  coin  to  and 
from  the  banks. 

It  is  a  remarkable  illustration  of  the  working  of  the 
economic  laws  which  control  the  currency  that,  while  our 
New  York  banks  had  lost  but  :?!7,415,380  of  coin  in  the 
four  months  from  the  17th  of  August  to  the  7th  of  De- 
cember, when  the  currency  was  not  inflated  with  Treas- 
ury issues,  they  lost  no  less  than  13  millions  in  the  first 
three  weeks  after  Mr.  Chase  decided  to  depend  on  such 
issues.  On  these  facts  it  is  evident  that  we  must  charge 
on  Mr.  Chase  the  chief  blame  of  compelling  the  banks  to 
suspend.  As  was  lately  explained,  however,  he  was  not 
alone  to  blame.  His  policy  was  approved  at  the  time  by 
Congress  and  by  its  chief  committees,  as  well  as  by  an 
effective  public  opinion.  It  is  even  said  that  Mr.  Chase  at 
the  beginning  was  opposed  to  the  policy  which  he 
espoused  at  a  later  period,  of  trying  to  carry  on  the 
Treasury  finances  without  the  aid  of  the  banks,  and  that 
he  was  led  into  the  course  he  pursued  by  the  persuasions 
of  Jay  Cooke  or  of  the  school  of  finance  of  which  that 
enterprising  banker  afterwards  became  the  chief. 

On  these  and  other  related  topics  Mr.  Coe  gives  us  but 
little  information.  He  confines  his  narrative  to  the 
events  which  came  within  the  sphere  of  his  personal 
knowledge.  We  have  space  for  but  one  further  incident, 
■which  is  now,  from  lapse  of  time,  almost  forgotten.  It 
occurred  just  after  Mr.  Chase  had  forced  the  banks  into 
suspension. 

On  the  first  day  of  January,  1863,  $8,000,00r  of  the 
national  debt,  issued  in  1 842,  became  due.  It  was  the  first 
loan  that  matured  after  the  passage  of  the  legal  tender  act, 
and  upon  its  prompt  payment  in  coin,  in  which  the  debt 
was  incurred,  depended  the  reputation  and  credit  of  the 
United  States  at  home  and  abroad,  and  its  ability  to 
make  future  loans  upon  favorable  terms.  It  was  a 
momentous  question  whether  the  Government  would 
apply  the  new  law  to  its  own  obligations,  and  thus  estab- 


lish a  ])recedent  for  the  future.  There  was  not  sufficient 
money  in  the  Treasury  to  pay  the  debt,  and,  up  to  the 
latest  hour,  the  question  was  anxiously  discussed  in  the 
departments  at  Washington,  and  almost  decided,  to 
plead  inability  and  to  fall  back  upon  the  legal  enactment. 
At  this  juncture  Mr.  Cisco,  Assistant  Treasurer  in  New 
York,  to  whose  patriotic  service  and  wisdom  the  nation  is 
greatly  indebted,  zealously  interposed  his  influence.  Upon 
his  application  to  the  New  York  banks,  they  promptly  fur- 
nished the  requisite  amount  in  gold,  receiving  his  personal 
assurance  that  it  should  be  repaid  out  of  the  revenue 
when  received  at  his  office,  and  thus  the  country  was 
again  saved  from  an  irretrievable  financial  disaster. 

It  is  gratifying  to  recognize  in  this  timely  loan  by  the 
banks  of  eight  millions  of  gold  to  the  Treasury,  the  germ 
of  the  policy  of  paying  the  public  debt  in  coin  and  the 
foundation  of  that  stability  of  the  public  and  private 
credit  which  was  so  surprising  a  characteristic  of  the 
war  period.  The  financial  machinery  of  the  country,  as 
has  been  well  obsf  rved,  will  still  have  its  centres  revolving 
on  the  firm  basis  of  specie  so  long  as  the  government 
pays  the  principal  and  interest  of  its  bonds  in  gold. 

With  regard  to  resumption  and  its  methods,  Mr.  Coe 
has  little  to  say.  That  little,  however,  is  very  pointed 
and  positive.  He  favors  the  withdrawal  of  the  green- 
backs by  calling  them  in  and  exchanging  them  for  a  five 
per  cent.  bond.  He  thinks  that  this  withdrawal,  with  the 
repeal  of  the  legal-tender  act  for  all  future  operations, 
would  restore  our  monetary  system  to  gradual  health. 

How  soon  the  country  will  be  ripe  for  the  repeal  of 
the  Legal-Tender  law,  and  what  other  amendments  are 
necessary  to  give  effect  to  the  Resumption  law  of  last 
session — these  and  similar'questions  which  the  country  is 
anxiously  asking,  and  which  Congress  will,  no  doubt,  agi- 
tate during  this  session,  with  considerable  vigor,  Mr.  Coe 
scarcely  takes  up  at  all.  He  apparently  reserves  them  for 
a  future  essay.  What  is  chiefly  noteworthy  in  this  paper 
is  the  new  evidence  which  it  gives  of  the  enlightened  and 
persistent  efforts,  which,  at  the  outbreak  of  the  war  in 
1861,  our  associated  banks  made  in  Boston  and  Philadel- 
phia, as  well  as  in  New  York,  to  give  effectual  aid  to  the 
war  resources  of  the  Treasury,  and  at  the  same  time  to 
keep  up  specie  payments,  both  on  their  own  obligations 
and  on  the  maturing  old  bonds  of  the  Treasury. 

The  more  we  examine  the  history  of  the  Legal-Tender 
laws,  the  more  shall  we  be  convinced  that  the  men  by 
whom  they  were  chiefly  pressed  upon  Congress  and  the 
nation,  were  the  victims  of  a  two-fold  error.  First, 
they  underestimated  the  patriotism  of  our  people,  and 
supposed  that  the  country  would  not  endure  taxation 
and  that  consequently  the  war  could  not  be  carried  on 
unless  funds  were  obtained  by  means  of  paper  money 
issues.  Secondl) ,  they  undervalued  the  force  of  the  old 
specie  paying  banking  system  of  the  country,  which 
with  its  Clearing  House  arrangements,  was  perfectly 
sound  and  fully  competent,  under  the  law  of  August  6, 
1861,  to  carry  forward  all  the  payments  of  the  govern- 
ment during  the  war  with  a  small  stock  of  gold,  and 
without  impeding  the  growth,  or  disturbing  the  move- 
ments, of  general  business. 


THE  INTEBJiAl  RETENDE  REPORT. 
The  progress  of  the  internal  revenue  during  the  past 
fiscal  year  offers  several  features  of  interest.  The 
aggregate  receipts  are  rather  larger  than  those  of  last 
year,  but  they  fall  short  of  those  of  any  previous  year 
fflnce  1864.  This  will  be  seen  from  the  subjoined  table, 
which  shows  the  income  of  the  government  from  various 


^OTembir  20,  l{i76J 


THE    CHRONICLE 


477 


•onroes   for  each    year 
Barata  wm  organiied  : 

MMTmwum  op  TSB  ooTiBiniBn, 

$87.M«>,WT 

KII.T4I.IM 

in,4M.ns 

<H>nMu 


«ino«    the    Internal    Revenue 


r» 

1 


*^ — -.  lH.(B7J)li 

'«™ MMH^IH 

>»» Miiin,iM 

•»»* uo.««t.in 

>*<» iii.'rw.si* 

"w :flt,m.ou 

""S II»,SM,«B 


iM»-i9n. 


Omomu. 
t«,SB>^Mt 
MU1«.1« 

SMiMtO 
nuMMti 
rm,4i7.ac 

lM,4M,aM 


l*4ai 


w*.oet,sn 
isT,i«r,t 


tnt.fl 
*a,NMM 

sta.a«,ms 

US,M<LM7 
4(B,SK,0n 

vn),Ms.siT 

«IMBMTr 

aaiw>ii,M4 

at3,n«,«M 

1M.««.0M 


It  wUI  be  seea  from  these  figures  that  the  internal 
revenue  reached  ita  highest  level  in  1866  ;  when  the 
amonnt  collected  was  •309,226,813.  From  this  point  it 
jr»dnally  declined  until  last  year,  when  it  reached  its 
minimum  of  102  millions.  The  eansea  of  the  low.  we 
are  not  here  concerned  with.  They  will  come  np  for  ex- 
amination hereafter.  The  custonu  duties  have  shown 
laM  flactoation  ;  indeed  they  yielded  a  steadily  aogment- 
ing  income  to  the  treasury  until  1878,  when  a  serious  de- 
eKoe  set  in,  which  has  gone  on  inoreaaing  nntil  the  cns- 
toma  rereoae  of  last  year  fell  to  a  lower  point  than  that 
of  any  year  ainoe  1864.  Why  this  decrease  has  not  been 
aooompaojed  with  a  eorrespondiiig  oontraotioD  in  the 
•zpenaes  of  oollection  ia  a  qmakion  which  will,  no  donbt, 
be  inquired  into  by  Congren,  aa  will  abo  the  neoeMity 
of  mcreMBg  the  inoome  of  the  Treaairy,  rither  hy  new 
Uxee  or  by  a  more  rigid  enforcement  of  economy  and 
adminiatraUve  reform.  We  find  from  the  Treasury 
■Trtimenu,  so  far  as  they  are  pnbliahed,  that  the 
•Kgr^gst*  inoome  of  the  Treaanry  from  all  aonivca 
Mioanted  last  year  to  almost  4  nulKons  more  than 
tbe  eatimatea.  This  is  graUfying,  as  is  also  the  fur- 
|h«r  atatament  that  the  ezpenditnna  were  1  million 
1««  than  tke  eatimataai  Hanoe,  tba  Seoratary  had  a 
•»^liuappUoabletotfca*Jdnf  fud  of  nor.  than  IS 
fSOuim.    But  tbia  earn 


1874. 

l,0SS,4t5  tt 

Totweooof  111  daKiipUoBi 10,SOO,SOI  67 


SaiUr.. 


S,7SS«) 

l(M,aMM 

t,687U 

l.Ml,987  7> 

11,578  ;( 

44,671  aa 
sraos 


187S. 
l,mjHO  S7 
S4,U>,MTtt 

son  70 

8^448  01 

(.Ml  n 

i.ss«,m  61 

io,ans} 

40,4S7  4S 
ttOO 


Stamp*  for  tob«cco  or  snoff  inUiaded  for  export 

Dealanlnleaf  tobuco 

■•ttU  dMlar*  in  InJ  lotwcco 

Dcdan  In  aymafactored  tobaoe*. . .'. 

liuafectaren  of  tobacco 

Ptddlenof  tobacco 

OtiMr  loaKM  fbtacTlj  taied  bat  now  czonpt 

rT°!^r?r,*°**^ $wS«:tom  WriioMTOW 

F«.wtod  H,.K«..  tax  Of  $1  p«  bMiM  oo 8iae0.nft  68       «.74S,m  IS 

iwwvn  vpecuu  uz MSlSIS  47 

Dcakrtfnnialtllqaon j^^  „ 

Total  from  fcnnentwl  Uqaon •9ia04,nt  W 

!-^f«g°»»' «.0«,118T1 

881,416  48 

tiMnu 


••»li«fm*C.. 
circalatloo. 


18.788  88 

$8,887,18}  87 

2,833,114  64 

884,818  84 

IM.SOM 


8*8,488  44 

174,016  10 

tS.144,a»l  86 
t.4S4,tr0  48 
611,781  78 
1,088,118  88 
81.T40  87 

$4,088,880  87 

6,088,S*0  41 

880,888  M 

8n.7»  48 


^^  not  eooagh  to  pay  off  one 

P«r  ent.  of  the  ontstaoding  principal  of  the  public  debs 
•o  "s  to  comply  with  the  Sinking  Fund  law  as  bteiw 
preted  by  Mr.  Briatow.  Thirty  mUliona  were  needfol 
for  that  pnrpoaa.  This  waa  mof»  than  twioe  aa  much  as 
"»*  ■«T»lo8  r»T«8nM  in  the  TrtMnry  arailable  for  that 
porpoae.  Some  17  millions  were  deficient,  and  this  na 
Mr.  Bnatow  had  to  borrow  in  order  to  keep  up  the  sinking 
fund  and  comply  with  the  reqoiremenU  of  the  laws  of 
a»U»  Febmary,  1862,  and  Uth  Jnly,  1870.  Tha  pubUo  wfll 
luidaraland  from  thia  atatament  bow  it  has  happened  thnt» 
■Itbeni^  nn  millions  of  the  public  debt  were  paid  off  last 
yw.  1«  minions  of  the  sum  had  to  be  paid  off  with 
borrowed  money,  so  that  the  net  decrease  of  the  debt  is  no 
more  than  about  14  miJliona,  and  an  inor««se  of  the  rer- 
•nae  u  ahaolutoly  neoafmry,  as  weU  to  proride  for  the 
•inking  fond  as  to  strengthen  the  ooin  rvserre  of  the 
Treasury,  with  a  view  to  the  approach  of  specie  pay- 
ments. Subjoined  is  the  report  of  the  receipU  of  the 
^^rnAJreyenne  from  all  sonroea  for  the  past  two  y 
'""""■  "  "i  na  nMab  tbam  IS7«  inn  ten. 

WM.  wn. 

•MM8I  41     ti.u*.8a 

18188 

.fuooq^. ...:;:;:.::;::;    4,215* 

,  wlmliah  tlqur. ■ajsi  c 

Uinftnnn  sT  wn..  »<  MO,  M  wcm.       ^^ 


Total  fNn  banka  and  bankan 

AdhcalTe  tiampi  

Paaalttaa .........".'.. . 

Articiai.  *e,  foraierir  taxed  but  now  ezanpt. 

Total  rwatpu  tMm  all  aowaaa t»>lT>1.016  88  $108,848,106  ll 

It  thus  appears  that  during  the  last  fiscal  year  the  110 
millions  of  our  internal  revenue  were  yielded  by  two 
chief  sources,  spiriu  and  tobacco.  From  tobacco  the 
rerenue  was  $37,303,670,  against  #33,242,876  in  1874, 
•34,386,303  in  1873,  •33,736,170  in  1872,  •38,678,907  in 
1871,  and  •31,318,536  in  1870.  Thus  the  tobacco  tax 
has  shown  a  steady  increase,  and  yields  rather  more  than 
one-third  of  the  toul  rerenne  of  the  Treasury  from 
internal  tarxation.  As  for  the  receipts  from  spirits,  they 
•how  an  uncertain  movement  which  the  recent  whisky 
proaaeations  sufficiently  explain.  The  spirit  taxes 
yWdad  last  year  62  millions,  against  49  millionH  in  1874, 
M  millions  in  1873,  49  millions  in  1872,  46  millions  in 
1871,  and  5S  millions  in  1870.  During  the  current  year 
the  ifiirit  Uxes  are  expected  to  yield  nearly  sixty  millions. 
The  government  has  already  rweived  some  two  miUions 
by  forfeiture  and  fines;  and  nearly  half  a  million  more 
will  probably  be  se<nired  in  Indianapolis,  St.  Louis  and 
Milwaukee.  The  belief  is  that  the  whisky  rings  have 
now  been  efleetnally  broken  np,  and  that  the  thrae  or 
four  milliooa  a  year  of  which  they  havf  defrauded  the 
goremmect  for  several  years  past,  will  now  be  no  longer 
lost  to  the  Treasury.  From  this  circumstance,  and  from 
other  reforms,  it  is  estimated  that  the  receipU  from 
internal  revenue  this  year  will  exceed  120  millions.  If 
this  ezpecution  is  fulfilled,  the  necessity  of  imposing 
saw  and  unpopular  taxea  may  perhaps  be  avoided. 

As  to  the  miaoalhuMons  taxes,  the  moat  important  are 
the  stamp  tax  and  tha  tax  on  banks.  Of  the  former  the 
amonnt  ia  6  millions,  against  7  millions  in  1873,  14  mil- 
lions in  1872,  19  miUions  in  1871,  and  86  millions  in 
1670.  An  effort  was  made  laat  year  to  repeal  the  stamp 
tax  on  bank  ehacka.  It  will  probably  be  again  attemptod 
this  year.  Of  the  other  taxes  on  the  banks  the  Commis- 
rioner  of  Internal  Revenue  makes  the  following  remarks, 
which  have  been  sharply  criticised,  as  proposing  a  retro- 
grade and  mischievous  policy: 

'  NatloonI  Bsaka  par  Issm  to  the  TrMaortr  of  tba  Coltad 
Bute*  ia  lb*  Bootba  of  JanoAry  sod  Jnly  ol  one-half  of  one  per 
Mat.  aach  half  /ear  opoo  tbelr  deposlta,  nod  tbe  same  rata  eacb 
kalf  year  on  tbe  svanife  amoaot  of  their  emptui  atoek  bejond  the 
aaaooat  tavMtad  in  Uaited  -  -      -       - 


»ea 

t48kaH  II 

4.a8Bjnn 


I  •pitlti  IdImhM  for  axpgtt. 
-,  __  ■  fwtliw.-,  and  daalrn*  . . . . 

Oiaw  MwaM  kraarlr  lazad  bat  now  OMft. . 

TWnl  fiwi  gpdlta    , 

CIg—.  f bwoola,  tmt  I 


18,788  60 
884,887  TS 
78,W»  17 

86 
*t 


4iM8*8e 

l>.8>7  8t 

^081.881  It 

10.808,888  17 

18«1IS8S 


Tlieao  tasaa  are  eol- 
laetad  by  tha  Troaaarer,  and  eoostitat^  no  part  of  tba  iataraal 
tevsBaaw  Biaea  the  ornaa'iattoa  of  Natloiuil  Baoka,  tbe  amonnt 
raalised  from  tbaaa  aouroea  np  to  tbe  r\t»f  of  the  lairt  flical  ^ear 
baa  b«eo  |M,9VJ376 48.  Tha  amount  reallced  daring  tbe  laat 
fia^al  year  was  (T.fTO, 798.40.  Tba  amonnt  paid  by  tbe  National 
Baaka  oo  depoallB  sloiM  dnrinr  tbe  prrlod  of  tbeir  axlstence  np 
to  Jane  30.  1673,  la  •80.0!8  02-<*  12.  while  the  amonot  paid  diirloa 
the  laat  &t>cal  rear  i«  i8,43T/>70.31  O-.ber  taxes  on  bank*  and 
bankers,  not  National,  are  collected  under  tbe  Internal  Rerenua 
Tbe  pernona,  firma  and  inatUntlona  tha*  tax»<l  embrace 
erorr  laeorporatad  or  other  bank,  aad  ereir  parson,  firm  or  com- 
pany bavtog  a  plaee  of  baainaaa  where  credits  are  opeoed  by  tba 
defoait  or  oollection  of  money  nr  currenrv  anhject  to  be  paid  or 
[  remlttad  npon  draft,  check,  nr  order,  or  wLere  money  is  advaaced 
or  loaaad  <m  stocks,  booda,  bollton,  bills  of  exekangs^  or  presBia- 


478 


THE  CHRONICLE. 


[November  20,   1875: 


Bory  notes  are  received  for  discount  or  for  sale.  These  taxes  con- 
sist of  one-tweuty-fourth  of  one  per  cent,  each  montii  on  the  cap- 
ital employed  by  these  banks  and  bankers,  beyond  the  average 
amount  invested  in  United  States  bonds ;  of  one-twelfth  of  one 
per  cent,  each  month  upon  the  average  amount  of  circulation  is- 
sued by  them,  and  an  «Ldditional  tax  of  one-sixth  of  one  per  cent, 
each  month  upon  the  average  araouut  of  such  circulation  issued 
beyond  the  amount  of  ninety  per  cent,  of  the  capital  of  the  bank, 
association,  company  or  person. 

"  By  the  existing  laws  the  deposits  in  savings  banks  made  by 
any  one  person  are  not  liable  to  tax  unless  they  exceed  $2,000,  and 
this  exemption,  instead  ot  being  confined  to  savings  banks  having 
no  capital  stock  and  doing  no  banking  business,  is  now,  by  recent 
legislation,  extended  to  classes  of  institutions  bearing  kindred 
names,  having  capital  stock  and  making  dividends.  The  fruits  of 
this  legislation  are  shown  in  a  table  appended  to  the  report,  from 
which  it  appears  that  the  average  amount  of  capital  held  by  these 
banks  and  brokers  (not  National),  in  May,  1875,  was  |200,316,098 ; 
that  the  average  amount  of  their  deposits  in  the  same  month  was 
$1,346,014,813 ;  that  the  total  capital  and  deposits  in  the  game 
month  were  $1,546,330,911,  while  the  amount  of  the  taxable  capital 
aud  deposits  of  these  banks  and  bankers  during  said  two  months 
was  only  $780,494  76,  or  little  more  than  three-fourths  of  a 
million  of  dollars,  while  the  amount  of  actual  capital  and  deposits 
of  these  same  institutions  was,  in  round  numbers,  $1,548,000,000. 
The  table  shows  this  taxation  is  distributed  very  unequally  among 
the  States.  The  City  of  New  York,  possessing  taxable  capital  and 
deposits  $50,000,000  less  than  Maine,  New  Hampshire,  Vermont, 
Massachusetts,  and  Connecticut  combined,  pays  a  tax  three  times 
as  great  as  these  States.  If  deposits  in  these  so-called  savings 
institutions  are  thought  a  proper  subject  for  exemption  from 
taxation  where  they  are  employed  with  such  profitable  resnlls,  it 
were  better  to  return  to  the  rule  adopted  by  Congress  in  1866, 
where  deposits  made  by  any  one  person  in  excess  of  $500  were 
subject  to  taxation." 

As  there  is  little  probability  thjit  Congress  will  at- 
tempt to  carry  out  this  proposition,  we  will  pass  it  by 
with  the  simple  remark  that  the  present  is  no  time  to 
tax  capital  or  to  embarrass  its  movements.  The  true 
policy,  if  we  would  promote  the  revival  of  business,  is  to 
aid  and  not  to  hinder  the  free  development  and  growth 
of  capital.  In  view  of  the  depression  of  trade  and  the 
absolute  necessity  of  aiding  its  recuperation  by  all  en- 
lightened and  proper  means,  it  has  been  argued  with  con- 
siderable force  that  the  pressure  of  the  internal  revenue 
taxes  should  be  relaxed,  and  that  we  are  raising  too  large 
a  proportion  of  our  revenue  from  this  branch  of  our 
fiscal  system.  Whatever  we  may  think  of  this  proposi- 
tion, it  is  certain,  from  the  tables  above  given,  that  the 
proportion  of  the  internal  revenue  has  shown  of  late  yeais 
a  relative  increase. 


THE  EXPORT  OF  AMERICAN  LEATHER  TO  EUROPE. 

The  leather  export  trade  has  been  of  slow  growth,  and  for 
several  reasons.  In  the  first  place,  a  prejudice  existed  in 
Europe  up  to  within  the  last  five  years  against  all  leather  tanned 
by  our  quick  process.  Then,  again,  the  first  experimental  ship- 
ments made  from  here  were  not  of  a  quality  calculated  to  remove 
the  prejudice.  But  the  great  decrease  in  the  supply  of  bark  in 
England  and  France,  and  the  repeal  of  the  law  making  it  an 
offence  to  use  acids  in  the  tanning  of  leather,  again  called  atten- 
tion to  the  American  article.  In  order  to  more  fully  meet  the  real 
wants  of  the  trade  on  the  other  side,  our  tanners  began  to  give 
special  attention  to  the  sttidy  of  those  wants,  and  the  consequence 
has  been  a  rapidly  growing  export  business  in  hemlock-tanned 
leather,  to  which  latterly  Baltimore  and  Philadelphia  oak  sole 
has  been  added. 

The  bulk  of  the  business  has  hitherto  been  with  Liverpool,  but 
the  Continent,  Germany  especially,  begins  to  take  considerable 
quantities.  During  the  past  four  years  American  hemlock  leather 
has  been  quite  extensively  sold,  even  at  Pesth,  in  Hungary,  from 
which  point  it  passes  into  Turkey.  In  fact,  its  popularity  is  es- 
tablished, and  a  foothold  has  been  gained  for  the  trade  in  many 
countries. 

Two  years  ago  our  export  did  not  exceed  800,000  to  1,000,000 
sides  annually  ;  last  year  it  reached  1,500,000,  and  will  probably 
attain  1,800,000  this  year.  Baring  the  first  tea  months  of  the 
^ear  we  have  shipped  14,558,660  pounds, against  14,491,597  during 
fixe  twelve  months  of  1874. 

Beginning  with  1848,  the  average  annual  imports  and  receipts 
of  hides  at  New  York,  wore,  during  the  first  ten  years,  1,449,086. 
Daring  the  ensuing  decade  they  rose  to  l,87."i,000,  reaching  an 
a-veragfi  of  2,785,8CQ  dufipg  the  past  seven  years.  We  last  year 
imported  and  received  altogether  2,670,730 ;  /rom  January  1  to 
October  23,  this  y9»r,  only  J.,7^0,155,    Formerly  thirty  per  cent  of 


the  hides  arriving  at  this  port  came  from  Texas  and  the  gontb'. 
This  year  the  receipts  from  the  South  show  a  noteworthy  decrease, 
having  been  thus  far  but  544,093,  against  666,978  and  983,203!  aor 
884,781  the  preceding  three  years.  Prices  have  been  as  follows  ; 

PBIOCS  OF  20-26   POUND  B.  A.   DBT   HIDXa,   IN  GOLD,   MIDDLE  OF  MAT. 


1859.. 

25« 

25« 

21 

23X 

17M 

18Ji 

1865 

1866 

KX 

19X 

...  K 

1880 '.' 

1872 

...  2f 

1861  . 

1867 

1868 

1889 

1870 

^OH 

2a 

1813  

...  2.5» 

1662 

186S 

1874 

1875 

...  56)i 

...  KH 

1884  

1875,  Not.  19.... 

...  20X 

This  shows  a  decline  of  2ic.,  gold,  during  the  past  six  months, 
and  a  farther  reduction  of  3io.  during  the  preceding  twelve 
months.  The  entire  stock  of  bides,  which  was  222,000  last  year, 
is  now  reduced  to  151,000. 


RAILROADS  OF  THE  STATE  OF  MICHIGAN. 

We  published  some  months  since  an  abstract  of  the  figures  of 
each  railroad  in  the  State  of  Michigan,  as  returned  to  the  State 
Commissioner,  Hon.  S.  S.  Cobb,  for  the  year  1874.  That  sum- 
mary was  published  exclusively  in  The  Chronicle,  and  gay 
the  practical  information  much  in  advance  of  the  Commissioi; 
er's  full  report,  which  is  just  out.  Mr.  Cobb's  report  to  the  Gov- 
ernor is  dated  October  30,  1875,  and  he  says  that,  although  the 
year  1874  was  noted  for  its  financial  reverses  and  a  general  pros- 
tration of  business,  it  will  be  seen  that  the  railroad  companies 
doing  business  in  the  State  have  so  conducted  their  affairs  that 
the  results  for  1874  will  bear  a  favorable  comparison  with  those 
of  Ihe  previous  year. 

The  mileage  of  road  owned  by  the  thirty-four  corporations,  re- 
porting to  this  department,  is  5,278.36,  of  which  3,314.98  miles 
lie  within  the  State.  There  are  304.55  miles  of  doable  track  and! 
898.89  miles  of  sidings, exclusive  of  the  Chicago  &  Northwestern, 
which  does  not  report  this  item.  The  net  increase  of  mileage 
for  the  year  was  only  61.6  miles. 

The  average  number  of  miles  of  railroad  constructed  per  year, 
in  the  State,  from  1865  to  1875,  has  been  330  miles  ;  the  greatest 
namber  of  miles  built  in  any  one  year  being  991,  in  1873. 

The  several  corporations  doing  business  in  the  State  report  a 
total  paid-in  capital  stock  of  $138,850,373  61,  or  $36,529  76  per 
mile  of  road  owned.  The  proportion  lor  the  miles  of  road  lying 
in  the  State  is  $63,529,917  86. 

The  funded  debt  of  the  roads  is  reported  at  $147,905,273  40, 
and  the  floating  debt  at  $8,573,670  06,  making  the  total  debt  lia- 
bility $156,468,868  46,  of  which  the  proportion  for  Michigan  is 
$95,674,237  07.     The  debt  per  mile  of  road  is  $30,138  56. 

The  total  investment  in  the  roads  represented  by  the  paid-in 
stock  and  debt  is  $395,348,347  17,  or  $56,863  77  per  mile  of  road. 

The  reported  cost  of  roads  and  equipments  is  $383,106,775  36, 
or  $54,453  91  per  mile.  The  cost  of  road  exelunve  of  equip- 
ment, for  the  thirty  companies  by  whom  this  item  is  reported 
separately,  is  $325,124,608  30,  or  $46,715  13  per  mile;  and  of 
equipment,  for  the  twenty-two  roads  reporting  this  item,  $37,378,- 
058  30,  or  $0,768  06  per  mile  of  road  operated.  If,  however,  the 
cost  of  equipment  be  charged  wholly  to  the  miles  of  road  owned 
by  the  companies  owning  the  equipment,  the  cost  per  mile  is 
$7,842  03. 

The  gross  earnings  for  the  year  of  all  the  roads  were  $45,899,- 
389  74,  or  $8,179  94  per  mile  of  road  operated.  Of  the  above  total 
$14,481,100  11  represents  the  earnings  ^rom  passenger  trains,  of 
which  $13,537,230  74  was  for  passengers,  $1,093,484  54  from  mail 
service,  and  $850,374  83  from  express.  The  earnings  from  freigLt 
were  $31,071,591  01,  and  from  miscellaneous  sources  $346,318  52 
The  percentage  which  these  various  items  bear  to  the  total  earn- 
ings is  as  follows,  viz.:  passengers,  27  per  cent.;  mail,  2  per  cent.; 
express,  1  4-10  per  cent.;  freight,  69  per  cent.;  miscellaneous,  6  10 
per  cent. 

The  total  earnings  show  a  decrease,  as  compared  with  those  of 
1878,  of  $2,359,073  94,  or  4.69  per  cent. 

It  may  be  noted  in  this  connection  that  the  above  decrease  in 
gross  earnings  is  less  than  the  decrease  of  that  item  on  the  Lake 
Shore  &  Michigan  Southern  alone,  which  amounted  to  $2,368,- 
378  50;  and  of  this  amount  $1,549,079  59  was  due  to  the  decrease 
in  freight  rates. 

The  total  expense  of  operating  was  $30,543,349  13,  or  $5,442  52 
per  mile.  The  expense  of  operating,  as  compared  with  1873, 
shows  a  decrease  of  $3,018,336  99,  or  8.93  per  cent. 

That  the  roads  have  been  carefully  and  economically  operated 
during  the  past  year  may  be  inferred  from  the  fact  that,  while 
there  has  been  a  decrease  of  $2,259,073  94  in  the  gross  earnings, 
the  operating  expenses  have  been  lessened  $3,018,336  99,  thus 
more  than  keeping  pace  with  the  decrease  in  earnings. 

In  1873  the  operating  expenses  of  seven  rnads  exceeded  their 


Korembw  20,  1875  J 


THE  CHRONICLR 


479 


t  eunUgs  ^j  I9M.41I  8S.  wbiU  for  lS7i  bot  four  ibow  »  ' 

it  lo  tkU  >«eeaal.  UBavatln^  to  1180,003  M. 

i«  toul  laterMt  lUbilitjr  of  the  road*  U  (approximttalj)  $10.. 

IM  44,  o(  which  |3.S73.4t3  M  wa*  reported  u  p&id  dario^ 

rmr.  while  t3,231.iHI  73  remiioed  onpaid.    II.  bow,  we  ■.dj 

tie  espeoM  of  operating,  the  iaUrvat  which   aeerord  darict; 

rear,  we  bare  a*  the  total  eoet  of  operation  and  iaTestmrnt, 

147,799  35.     Bat.  oat  of  the  thirty  lour  corporation*   duio^' 

.a***  Ib  tkU  SUte,  fourteen  fiUlad   to  pa;r  rllhar  the  whole  »r 

a  ran  of  (h«ir  interot.     Eight  conpaniee   failed  to  report  anr  , 

part  of  their  laUreai  a*  paid,  which,  for  these  eompaaia*,  amoanird 

to  pmfitO  00.      The  followims  ar«  tli*  eonpulea,   with  iho 

iiBODBl  of  iBtermt  o*  their  IttdabtedarM : 

Kuo^u.  iMjaat  or  Boadi^  JtSMat  or 

laiuMt. 

Traitrn*  Cltj 


Catrst  flloiictarn  aiti)  <Sainmcrcial  (fiiglisi)  Htmi 

BATB«0»  ■XOH&IfOB  AT  LONOOIf.  AND  ON  I.ONDOH 
AT  bATaaV  SATBa. 


■XCBAHnB  AT  UOVDOK- 
OCTOBOtSA 


IXOBAKOB  ON  LONDON. 


't.moeo 


in.< 


«*iTr tM««j 

TiMB,  Obi*  I  aoaifeem 
TMnK. tMMM 


ivatmim  npoft  pMt  of  tkalr  tatwaat  a* 
,  -,HUd  bf  aBclt  belBf  u  gim  balew,  B»d  »g- 
|(r»gMt^fl,^JKM70. 

Iat«rcal  Umi*.  laitrrtt 

I'MiM.  Ca*>M 

i  *  Kkklcsa  Ltfe 

...    Ml,«t  « 


<mM»  74.  Um  laul  of  opefBUng  tpmrn*  mMW^  U' 

|A..  1  tW  lolal  ol  iBtWMl  |10,«M.4M  4».  wa  lutva.  aa  Ik*  Bet  lo.' 

|-   lie  rawlllBf  from  the  jraar'a  hMliiwi.  i4.4St,94*  tOi  •  ram 

»1 1*  fns  0*  POT  sUa  of  10*4  Dpawla<.Mi<  Ikfa*  ani  two- 

ba  per  caiit  e*  tU  raidmp  «aplUl  Hock.    Aa  wpwaJ  wlib 

preelowjrMr,  tb«B*«  Ueowt  ibovi  a  ftlltag  aff  of  |19*, 

..^  71.  or  SjO  per  caat.    Bat  eaa  aoatpaay  laparta  AeMaatfa  paid 

llariBg  tha  yaar.  <U.: 

>  -    i^toahyaA  NiiMf  ■wllww  aaaef  »  fm  matmin. 

■t«a  Mwk.aaeaailw  w...  MMW** 

af  (K  >«  c«al  aa  CMHMB  *>*««.  ■■■■aMm  f tJWMW  ■ 

ITMal |Ma.«r» 
Thii  total  of  dlr«4«8da  la  eqasl  Va  t.lt  per  a*at  om  tka  paM-ap 
tal  *iadt  ef  all  the  tuMpaalaa  dalag  I  i^i  ■■  to  tkatMr. 

cmrtajiTna  irmmkmr  mm  mt  «■•  WN. 
1  p.  r.    r.  r. 

Sm-        mSm.     JI&   latu     D«c 

Ata  M        U  «l 

MM  «      M  n 

M«l  Mil 


At 
HI 


1-u 
I  • 


««« 


>■« 


'  •«  i«a»^aB«i- 

■.  ■«  aaaMAMi.  WLtlAiai  ■HIWJU  MHLIM        ..    ■  •!  t« 


IStAlU       A4UA* 


■aM I  «a<f>>4.         *.I-A<0|     W.^__      „, — 
•eafft'tkieH  l«a    ll.>;a.»«     i^mSI  tMtAn 

•  Net  na»t»a  fa*  WA    •  Krfatut  %j  Iwealr  lav  raadA 


I  at 


•  44 


Vhom  oar  awa  aotrMpoa4<aul 

liONDOir.  Ratordar.  Kor.  6, 1D75. 

baaa  a  rattead  demami  for  fold  for  export,  the  prlo- 

e'pal.  If  aat  tha  oalf.  bajrw  batag  tha  Oanaaa  Mint.    Aa  order  for 

aboal  SlJKOfln  baa  baaa  eaaplatad  ;  bat,  a«  there  am  large 

•appllea  of  gold  Ib  tbU  market,  no  rflVct  of  import- 

pn^aaad  apaa  tha  raiaa  of  dlaeoant.    Tha  eon. 

latulil  doaaad  fbt  mamy  haa  baaa  la  a  eery  Hodetate  calent, 

aad,  aa  aoreral  teilaraa  have  takaa  place  during  tha  week,  the 

•apply  of  aoatmercla)  bllU  la  moia  likely  to  fall  off  than  inereaae. 

IsftMl.lhaaat«naldaaitad  fcr  away  la  baeothtg  ■oia  laautct- 

•«.  M«  llMfa  aaMM4o  ba  bat  llitia  daabt  tha*  tta  laqatMBMla  ef 

oar  aeaMaa  trtn  ba  amall  for  maay  mootha  to  eaioa,    Tha 

aliUaa  fma  awrt  parta  of  tbo  world  ara  ■««  of  aa  aaeoaiaglag 

',  ahkoagk  fom  >)••  I'allad  Stataa  aoaMwhat  b««tar  iMalU- 

haa  haaa  lacalrad  thia  waek.    la  aaarly  rrery  dapartmaat 

!  af  bolaiaB  la  thIa  eoaotry,  extreisa  eaotkia  praealU.  aad.i^thara 

I  htva  baaa  a*Teral  fallarai  IhU  waek  for  latu  varyirg  from 

AMM  lo  ClOOjOOO,  merehtBta  partatva  ao  aaaoangemeat  to 

'  Mfkad  thatr  upaiatleaa.  • 

I     Tha  flMk  i«4an  paUUhad  thia  weak  U  aol  qolta  on  farorable, 

the  ptaportlaa  ef  iwairi  lo  tlaMIMaa  haelag  decWaed  from  41  to 

aboal  •!  per  eaal.    Allhaagh  the  apaa  aartel  ralea  of  diamaot 

'  haea  been  aboat  t  pOT  eoai  balew  tha  ofUal  ar^afaiaii.  tba  Bank 

U  haea  traaaaeiad  rather  aaia  diaeonai  boalaaaa,  tba 

lacraaia  la  "  ether  aecaHttaa"  balag  CTTtJSS.    Tha  relara  alto 

Ae«*  that  thaia  haa  aat  ealy  baaa  aa  erport  danaad  for  guld, 

bat  that  tha  hoaa  nqalrfaaaia  otf  the  eonatry  for  notca  aad  cola 

aa  a  aoia  aitaarfva  oealo.    Tba  dimlnailoa  In   tha 

aaMoatad  tharafoia  to  CT^MiS- 

Bad  theia  baaa  bo  aspoft  daauMd  ftor  gold.  It  la  quite  probable 

thatthadlTMlMaef  the  Baah  of  Btftaad  weald  have  tlila  week 

their  raUof  dioeaaaltoSt  OTSpOTerat,)>  'iiikin 

aude.  aad.eoaarqaiatly.theatfafWMw  g  .  .*ii>« 

at  4  per  eaM.    Tha  oaaa  market  ratea  of  dtacouol  bare  improved 

to  tha  atteanmfeaSi  }  per  cent,  and  ar*  aa  follow* : 


iaf.*xD  CrfT  FiaAHcaA— Than  haa  laeMlly  ba«a  hmd* 
iiuoi  Jarrtag  la  Laag  laUad  d^r.bot  waaiaUfcraiid  that  lUe 
Jaa  of  tha  mj  haaii  iheaM  be  fa  bo  alaapinladlMd  thereby 
'     by  tba  Mayar.  tmimaj  l».  IfC), 


(>aa 


tha  total  debt  of  I^oag  ialaad  Cliy  la  be  aa  foltowa 


vaVMidi 
•  Maeni 


II.-.  ** 


fH« 


•adaadjiva'l 
Di*. 


»>-■ 


Pet  caal. 
taoatfct'baak  bill* s  «ti< 

t  aaalhi*  beak  btiu     ...  «<*«« 
«  ai4  •  meata<-  Irxt*  bUlt.  tni* 


TeMli 

A  prnstaaot  goadeaaa.  reaMaat  la  iha  dIatfIcA  alalea  tb* 
•a»l  valaatlea  le  ba  'f««  ISjWD.OOO  «o  pi,mjm.»aA  act 
ilae  eaUaaiad  to  ba  fmjm.VK, 


til- 
act  oal 


tmaaOM'bbl* m^H 

Tha  TBtaaof  lalateat  allowed  by  tba  Joint  aioek  bank*  aB<l 
Aaaaoat  hooaao  Ibr  4aparfia  ara  aa  (oll«w«,  a  reductloa  of  half  per 
«f«t  harlag  la  Maa  loalaaaOT  haaa  made : 

Per  eeat 


I  heaan  wilb  1  4ar«'  •otice. . . 
kt  >*a*t*  wlih  It  aare'  aoilce. 


•aeoaea*** 
•  aaa  *■■■  ■ 
taaeaa    ae ( 


*1« 


Aaaetad  I* a  •taumeat  abowlag  the  praaaat  poaltloa  nf  the  Bank 
of  Bagtaad,  the  Baak  rate  of  dlaeoant,  the  prl<^  of  Cooaol*, 
the  aeerago  qaotatloa  for  Bagllah  wheat,  the  prtee  ol  Middling 
Opiaad  cotton,  of  No.  40  Mala  yam  fair  e^ooJ  quality, 
•■I  the  Baokera'  Cleariag  Doaaa  retara,  coiu^ared  With  tha 
IMvioM  fear  yean ; 


480 


THE   CHRONIOLR 


[November  20,  1875. 


18TI. 
Ctieniauon,  inclndlnK       £ 

bank  post  bllle 15.673.699 

Public  deposit* 6,403,815 

Other  dcpoBila 32.760,256 

GoTernment  aecurltlea,  :5,001,0i8 

Other  secnrities 18,3;i2,380 

Reserve   of  notes  and 

coin 12,930,085 

Ooln    and  bnlllon  1e 

both  departments.,..  33,074.930 

Bank-rate Sp.  c. 

Consols 93,v< 

Bngllsh  wheat 56s,  Od 

Hid,  Uplandcotton...  O^d. 

llo.40mnle  yarn  fair  3d 

quality ^'-.^SA:. 


1873. 

1878. 

1874. 

1875. 

£ 

36.291,885 
7,013,'il4 
17.939,648 
1.3,356,546 
20,858,894 

£ 

28.787,118 
8,929.085 
18,4v!8,i(i3 
11,768,SW 
a),nM,70J 

£ 

37,691,988 
8,786,997 
19,68.->,88l 
14,011,8.32 
18,628.362 

£ 

59,083,756 
8,8ia,(il9 
31,208.285 
12,761.395 
19.964,855 

9,048,630 

8,071.888 

8,829,681 

9,852,259 

19,878,810 

6  p.  c, 

95  «. 

57«.  4d. 

lOXd, 

19,879,683 

V2wr- 

599.  lOd. 
8«d. 

31,098,541 

4  p,  c. 

93V, 

418.  Id. 

7Xd. 

83,511,819 
4  p.  c, 

47s.  4d. 
•7d. 

is.  2}^d.     la.  IJid.      Is.  0>jd. 


•lOXd. 


ClearinKHooseretnni.  93,964,000  107.273,000  146,562,000  134,461,000  129,195,000 
•  Prices  October  28. 
The  following  are  the  rates  of  interest  at  leading  cities  abroad : 


Bank  Open 
rate,  market. 
per  cent,  per  cent. 

Paris 4        as. 

Amsterdam 3        3 

Hambarg 8 

Beriln 8         4X 

Frankfort 6         6 

VlennaundTrieste..,.       i>i     4>» 
Madrid,  Cadiz  and  Bar- 
celona         6         6®8 

Lisbon  and  Oporto ...         4         SH 
St.  Petersbure M      6yi 


Brnssels 

Tnrin,  Florence 
Rome 

lielpEls 

Genoa 

I  Oeneva 

I  New  York , 

[Calcntta  

Copenhagen.     .. 
I  Constantinople . . . 


Bank     Open 
rate,  market 
per  cent,  per  cei^t. 
4X      iM 


and 


6 
6 
5 
5 

■fiV 
6 
10 


4« 


S)i 


All  our  importations  of  bar  gold  have  been  purchased  for  export, 
and  altogether  an  order  for  about  £1,000,000  has  been  completed 
for  the  German  Mint.  The  imports  during  the  week  have 
amounted  to  £1,277,510.  The  silver  market  has  been  rather  easier, 
both  bars  and  dollars  having  somewhat  declined  in  price.  The 
quotations  for  bullion  are  now  as  under  : 

SOU). 

BarGold  per  oi.  standard . 

Bar  Gold,  fine per  oz.  standard. 

Bar  Gold,  refinable per  oz.  standard, 

Spanish  Doubloons per  oz. 

South  American  Donbloons peroz. 

United  States  Gold  Coin  peroz. 


s.  d. 


B.    d. 

77  10  @  ... 
77  10  @  .... 
77  U>i&  .... 


....  a  . 

s.    d.       s. 

66  15-16® 
CT%        @  , 
55  7-16  <a 
@ 
@  . 


d. 


BII.VZB. 

Bar  Silver,  Fine per  oz.  standard,  nearest. 

Bar  Silver,  con'ng  6  grs.  Gold per  op.  siandard. 

Mexican  Dollars peroz..  last  price. 

Spanish  Dollars  (Carolna) peroz.  none  here. 

Five  Franc  Pieces peroz. 

Quicksilver,  £18  138.®£13  13s.  per  bottle.    Discount,  3  per  cent. 

On  Wednesday  there  were  biddings  for  bills  on  India  to  the 
extent  of  £700,000,  £612,600  being  allotted  to  Calcutta,  £86,700  to 
Bombay,  and  £700  to  Madras.  Tenders  on  all  Presidencies  at 
Is.  OJd.  received  about  15  per  cent,  and  above  that  price  in  full. 

In  the  Stock  Exchange  there  has  been  a  somewhat  unsettled 
feeling.  The  state  of  Turkey  has  been  the  chief,  if  not  the  only, 
cause  of  the  depression  -nhich  has  prevailed,  as  at  any  time  diffi- 
culties may  arise,  the  end  of  which  it  is  impossible  to  foretell 
Turkish,  Egyptian,  Russian  and  Peruvian  government  stocks 
have  experienced  a  heavy  fall  in  price,  and  other  descriptions 
have  slightly  declined  in  sympathy.  Speculators  for  the  rise  in 
British  railway  shares  have  aUo  somewhat  hastily  closed  their 
accounts,  and  prices  have,  in  consequence,  fallen  somewhat 
heavily,  while  consols  have  receded  about  1  per  cent  Irom  the  late 
highest  point. 

An  institution  called  the  Co-operative  Credit  Bank,  which 
guarantees  depoeitors  as  much  as  18  per  cent  per  annum,  is 
recommendi.DS  to  the  investing  public  lirst  mortgage  bonds  of  the 
Keokuk  &  Kansas  City  Railway  Company  of  Missouri.  The 
amount  of  the  issue  is  £500,000,  being  part  of  £1,000,000  author- 
ized to  be  issued  in  accordance  with  the  charter  and  resolutions  of 
the  board  of  directors.  The  bonds  are  to  bear  interest  at  7  per 
cent  per  annum,  payable  half  yearly,  and  the  price  at  which  they 
are  to  be  issued  is  £90  per  £100  bond.  Both  the  Co  operative 
Credit  Bank  and  the  Keokuk  &  Kansas  City  Railway  Company 
have  been  severely  criticised  by  the  Times  newspaper,  and,  what- 
ever may  be  the  merits  of  either  undertaking,  it  is  not  likely  that 
much  money  will  be  obtained. 

With  regard  to  the  Cooperative  Credit  Bank,  I  have  discov- 
ered that  the  founder  is  traveling  about  the  smaller  villages  of 
the  Kingdom,  and  is  inducing  the  industrious  and  saving  country 
folk  to  deposit  their  savings  at  his  bank  and  secure  tUe  remuner- 
ative terms  oiTered,  viz. ,  18  per  cent  per  annum,  payable  quarterly. 
I  fear  that  some  have  soon  forgotten  what  has  been  lost  in 
South  American  loans,  and  are  foolish  enough  to  think  that  18 
per  cent  per  annum  can  be  obtained  with  safety.  This  ofiFer  alone 
should  at  once  be  fatal  to  the  undertaking,  but  there  are  still 
many  people  who  lail  to  learn  any  profitable  lesson  from  the 
losses  of  others. 

The  arrivals  of  foreign  grain  continue  liberal,  but  the  condition 
of  the  wheat  coming  to  the  market,  owing  to  the  damp  weather, 
is  very  poor.  The  few  dry  samples  offering  have  been  taken  off 
at  lull  prices ;  but  damp  produce  has  been  salable  only  on  rathei 


lower  terms.  On  the  Continent,  the  trade  has  been  dull  and  the 
quotations,  although  showing  no  material  change,  have  had  a 
dtooping  tendency.  Millers  are  holding  aloof,  as  they  anticipate 
when  autumn  sowing  is  completed  to  have  a  better  choice  out  of 
the  more  liberal  supplies  of  produce  which  will  then  come  forward. 
The  weather  has  of  late  been  more  favorable  in  this  country  for 
agricultural  work  and  satisfactory  progress  has  been  made. 

According  to  the  official  return,  the  sales  of  English  wheat  in 
the  150  principal  markets  of  England  and  Wales  during  the  week 
ending  October  30  amounted  to  53,892  quarters,  being  a  decrease 
of  about  1,000  quarters  compared  with  the  previous  week  and 
with  the  corresponding  week  of  last  year.  It  is  estimated 
that  in  the  whole  Kingdom  the  sales  were  213,568  quarters' 
against  217,656  quarters  in  1874,  while  since  harvest  they  have 
amounted  to  449,496  quarters  in  the  150  principal  markets,  against 
582,650  quarters ;  and  to  1,797,984  quarters  in  the  whole  King- 
dom, against  2,330,610  quarters  in  1874.  The  following  is  an 
estimate  of  the  quantities  of  wheat  placed  upon  the  British  mar- 
kets since  the  commencement  of  September : 

1875.  1874.  1873,            1872. 

cwt.  cwt.  cwt.              cwt. 

Imports  of  wheat  since  harvest.... 12.500,237  8,138,.W3  7,5;8,053  10,263.854 

Imports  of  flour  since  harvest 1,014,611  889,121  9s8,50i      1.037,807 

Sales  of  Ene.produceainceharvest.  8,090.9:18  10,437,700  9,923,~91  10,299,461 

Total 21,605,776    19,515,389    18,4!)2,.'!19    21,606,182 

Deduct  exports  of  wheat  and  flour,       66,426  93,489        9;4,g45  78,406 

Result 21,539,350    19,421,900    17,517,604    21,527,716 

Average  price  of  Bnglieh  wheat  for 
theseason 476.3d.      45s.  lid.       62s.  3d.       SSs.  4d. 


EuKllsli  market  Keports— Per  Cable. 

The  daily  closing  quotations  in  the  markets  of  London  and  Liver- 
pool  for  the  past  week  have  been  reported  by  cable,  as  shown  in 
the  following  summary : 

London  Money  and  Stock  Market. —  The   bullion  in  the  Bank 
of  England  has   increased    £130,000    during    the    week.       The 
directors  of  the  Bank  of  England,  at  their  meeting  on  Thursday, 
fixed  the  minimum  rate  of  discount  at  the  bank  of  3  per  cent. 
Sat        Mon.       Tues.       Wed.       Thur.        Frt. 

Oonsols for  money 94  3-16    94  9-16    94  11-18    94  15-16  94  13  16    94  15-16 

"      account 91K         94  9-16    94  11-16    94  15-16  t4  13-16    94  13-16 

C.  S.6s(5-20s,)1885,old.l03)<      lOiK         103Ji        103>tf  \mii         103K 

"         "  1887 108X      103  ;<         108K        \mn  108^         lOSJi 

D.S.10-408 104X      104>f         \Mii       lOlSi         lC41i         1045i 

Naw  5s 103X      101>i         103«        103K         \(&y,         103>J 

Tb 3 quotations  for  United  States  new  fives  at  Frankfort  were: 

U.S.newflves 93J<  99),-         99X 

Liverpool  Ootton  Murkii. — See  special  report  of  cotton. 

Liverpool  Breadstujfs  Market. — 

Sat.  Mon.  Toes.  Wed.  Thar.  Frl. 

s.  d,  s.    d.  s.    d.  s.   d.  s.   d.  s.  d. 

nour(We«iem) Wbbl  24    6  24    6  84    6  24    6  84    6  84    6 

Wheat(Red  W'n.  Bpr).»ctl    92  98  92  92  92  98 

"      (Red Winter)....    "    10    0  10    0  10    0  10    0  10    0  10    0 

"      (Cal.  White  club)  "    11    2  US  11    2  11    2  11    2  11    2 

Com  (W.  mixed)  ^  quarter  31    3  81    3  81    3  31    3  31    3  31    9 

Peas(Canadlan)..S  Quarter  41    0  41    0  41    0  41    0  41    0  41    0 

Liverpool  Provisions  Market. — The  market  being  bare  of  old 
pork  and  bacon,  new  is  now  quoted. 

Sat.  Mon.  Taee.  Wed.  Thur.  Fri. 

B.  d.  >.    d.  s.   d.  s.   d.  8.  d.  s.  d. 

Beef  (mess)  new  V  tee 98    6  98    6  98    6  92    6  92    6  98    6 

Pork  (mess)  new  ^bb! 100    0  100    0 

Bacon  (l.cl.  mid.)new»  cwt    59    0  69    0  63    6  58    0  68    0  53    0 

Lard  (American)  ..."         57    6  57    6  67    0  66    6  56    0  57    0 

Oheese(Amer'n  fine)    "         56    0  66    0  66    0  6ii    0  E6    0  66    0 

Liverpool  Produce  Market. — 

Sat.       Mon.  Tues.  Wed.  Thnr.  l^rl. 

B.  d.      8.  d.  B.  d.  B.  d.  8.   d.  s.  d. 

Boeln  (common). . .  Vcwt..    66        66         66         56  56  56 

"     (pale) "       16    0       16    0  16    0  16    0  16    0  16    0 

Petroleaaj(reflned)..,,Vga!       10           10            10            10  10  10 

(apitlts) "            9>i          9)f          9>i           9ii  9%  9,>« 

rallow( American)...*  cwt.  48    6       46    6  4i)    (>  46    6  46    6  46    6 

(JIover8eed(Am.red)..    "     37    0       37    0  87    0  37    0  37    0  37    0 

Spirits  turpentine "     26    0       2(i    0  26    0  26    0  26    0  26    U 

London  Produce  and  Oil  Markets. — 

Sat.        Mon.       Tues.  Wed.  Thur.  Frl. 

£   8.  d.  £    8.  d,    £    8.  d.  £  s.  d.  £    s.  d.  £   s.    d. 

Uns'dc'ke(obl).VtElO  10    0  10  10    0    10  10    0  10  10    0  10  lu    0  10  10    0 

Linseed  (Calcutta)....      51    0       51    0         61    0  61    0  51    0  51    0 
Siiear(No.l2D'ch8td) 

on6pot,«cwt..  ...     28    3         22    6       22    6  22    6  22    3  38    3 

Snermoil S  tun. 94    0    0    94    0    0  91    0    0  94    0    0  94    0    0  94    0    0 

Whaleoil ••    34    0    0    31    0    0  34    0    0  34    0    0  34    0    0  34    0    0 

ynaecdnil....«cwt.       25    8          85    3        25    3  35    6  35    6  25    6 


Commercial  anb  itliaccUaueous  Njjius. 


iMPonra  and  ExrORTa  for  thk  Webk,— The  imports  this 
week  show  an  increase  In  both  dry  goods  and  general  mer- 
chandise. The  total  imports  amount  to  $4,13.j,565  this  week, 
against  $3,310,530  last  week,  and  |5, 130,887  the  previous  week. 
The  exports  are  $4,833,890  this  week,  against  $5,815,233  last 
week  and  $5,893,917  the  previous  week.  The  exports  of  cotton 
the  past  week  were  10,917  bales,  against  31,023  bales  last  week. 
The  followintrare  the  imports  at  New  York  tor  week  ending  (for 
dry  goods)  Nov.  11.  and  for  the  week  ending  (for  general  mer- 
chandise)  Nov.  18 : 


Norember  20,  1875.] 


THE   CHRONICX^ 


481 


roamiaii  imnnm  at  aiw  tokk  loa  raa  vsn. 

IBW.  1873.  1»7«. 

Orr  food* $1,S4.SIS        tl.S19.4U        $1,444,308 

Qanenl  merdundlw...        7,113,357  4.441,«I6  4,ta8,«» 


1878. 

tl,3».«90 

*,80«.4» 


TaUltortaewMk..      M>>^.!!n        t\7«i.0S9 
Prrrtomdy  nported....     Kifit4,i3H      84S,4S,7<1 


(6,on,7n      t4.us,s» 

m,H6,8in       18<btW.IX>l 
naecJu.1 t»5.m,MN     t}l9,iS0,8H      |M«,(Ma,&t4    t*>l>,*»4,«t8 

In  our  rsport  oi  the  drj  i^ooda  trkde  will  b«  (ound  the  imponiof 
dry  goods  tor  one  week  later. 

The  (oUowinf;  is  astatement  ot  the  exportB(exclnaiTe  of  specie) 
from  the  port  of  Xew  Vork  to  foreii^n  porta,  for  the  week  ending 
NoTember  10 : 


For  tke  weak 

Pravtooaly  tsportsd. 


axroata  vwm  saw  tobk  fob  tbb  wbbz. 

im.           isn.           1814. 
—jimMt     


,nr.7oi    w,MB.t 


187S. 

•4.8Si.8!iO 

aao,7M.n8     ti7.8r:,»»j 


r  Jaa.1 |*a9,lS^S»     ti«,ia*.g46     |1M,U8,08S     ttt*,T10.4ir] 

ThofoUowintr  will  show  the  exports  of  specie  from  the  port  of 
New  York  for  the  week  ending  Nov.  1.3,  1875.  and  since  the 
beginning  of  the  jrear,  with  a  comparison  for  the  corresponding 
4^  IB  preTions  reara : 


Not.  11— Str.  PDouDeranU Hamburg Slim  ban 

Ix>a>loa SIlTer  b4r« 

NoT.U— Str.  Amactqaa Utrra  Siirer  ban 

Not.  13— 8tr.  Baltic .UTerpool Maxlcao  itlTareaiB.. 

KoT.  tS-Str.Citrof  aichmondJjTeipool .SIlTarbar* 

AsMricaa  {old  coin. 

Total  for  the  week 

FlewkMialj reported ••.•••...••...  ■.■.».•..••.•*.•, 


$37,118 
140,100 

tsooo 
6^sao 

1I»,(>I0 


Total  iiaeaJaBaai7l.Un tM.US.MB 

Baaatlaais—                                 I    SaaatlBMln— 
tlM •4UM.440|UII IMOItSM 

u» 4a.«ija6|u«. «,4aa,48o 

187* «.aK«a  iSR 44.sn.7tii 

liTt StltrtiTM  I  ISM «,IM,OIS 

Un.  ia.7H.447l 

The  Imports  of  spoeio  at  this  port  dnrlag  th«  p«ut  WMk  hare 
been  as  follows: 


XoT.  n— Sir.  T7b«« BL  Domiaco hllTareota.. 

Mot.  II— «tr.CllTe(TanCraa.Ba«aas — 
Hot.  t»-eu.  Colsa AapiagfaB. 

Not.  18-Mr.tWTla. 

Tetal  lor  tke  week  .... 
Frvffoasly  raoorted.....*.. 


MS 

5w44B 

1814 

500 


tii.m 

It^4.Sl 


Total  alaca /aa.  I.  WB.. 4tMn.W« 


UH.. 

tan. 


.n.4HL4H 
..U^IM 


MtT.nt 

I.40MU 

1141S.0U 


.tl43U.7«« 
.     tlMS,;»8 


Xatioxai.  TRK480ltT.— Tne  following  forma  preaent  a  sum 
nisrr  oleertaio  weekly  transaetlona  at  the  National  Treaaary. 

orer  In  trnst  lor  National 


M.«t7,IM 


r  .014  448 


I.— 8<ieuriti»s  held  by  the  U.  8.  T 
BiuiKsand  balaaer. Id  theTreMorr 

Week  For        For  0.1. 

eadlas   CIrealiUan.  DeDeella.      Total. 
Jaoe  ». .  tujm.tn  is,8n.4s«  a»ija«Lioo 

JaaelfL.  niLni40t   l».8«*,88t  8Bt,I18,a8> 
Jane  I*..  aiMoailOl    UJM.8M   888,781808        . 
Jaaa ».  ntJM^ma   llStT.88«   8S8,iaU8*    M,8418t8 

iair  3.  .  3ik.nM8s  i*.788.a»  wumiju     .^ 

Ial7l0..8«,a8.«**    13.7M,88«   8Bl.l>%aD0    8B.a8K.U8' 

Jairir.  8i^t8fi.««t  M.7n,i»  88a,MiM8  sunaat 

Jaiys4..  fKiaiaas  u.781888  mjmjm 

Joir  31..  ntj8t;M  im»4.i8>  SSam 

Aa(.  7..  >l4,>n.M8  IS.:81888  MMM 

Aa«.  14.  ST44n.188  tl1«8,«8  filMOMt 

Aa(.  81.  811«l7a8  U,1»jm 

A«(. 84.  SHW.M  ia,T8MW 

s«pt   4..  rajniTH 

»<i>t.  r...  «at«iia8 
!«<.pi.  H .  8ii*TT,iai 

!l.'Pt.l:i..371U17« 

<>.:i     1    .  sn.48MH 

Oct.  ».. 

Oct.  14. 

Oct.  88. 

Oct.  10. 

Not.  8 

■or.  tt..  888.IMI3U    18,7«4,a08 


Coin  cer- 
•-Bal.  IB  Treaeary.-.  llScatr* 
Oala.  CarreacT.  oaUt'dV 
8,444,788  ltl.7T1.»i<i 
MI4.4B5  18,*t«.tl» 
4,U»,843  l9L»aS.100 
8,841.844    l8.4«a,:oa 

8.840.4:1   fli«ni«M 


aj7«.408 

luins 


.400 

MkoaMoo 


.88I.88I 
•imj88 


mwuM 

m888,M» 


88,1881818 
n,trT.H8 

8MM.i:a 

«I^8M    8i7M.88S 
8R,a«,4U   18)^78.888 

-.  8l^8>•J^  88ue>MM 

I«7, 748.418    Hiaioeo   88MI*.4I4      

88«.«8«,<i8    18,188.808    88ftJ88.3l1    74.041.314 
8M;^,S:t   7).MI,3» 


imJIlt    a8.897,«00 

tjmMm  i*,i4di7M 

S.48I.81S    I%a8l.400 

s.87t.«n  i%8ia,488 
ajiieius  lijmjitt 

VrnMi    I8,TM.4D0 


8.8/1  18.488,00) 

.  liJmjoo 

Milia*  it,in.t«o 

8J88uni  11.8«t,300 

B,88M38 
8lH8.8a8 


llcsB.lon 
17.4.W.I00 


9. — Xatlonal  bank  earreney  in  cirealatlon;  fractional  cttrrrory 
roeolTed  from  the  Carreney  Bareau  by  U.  8.  Treasaror,  and  dis- 
liib«t«d  wookly ;  alaotb*  amooBl  of  legal  UndersdistifiaMd 

Ten. 
b'd 


eadlag 

Jnet. 

JaaeU , 

Jaae  18 , 

JaB«88 

Jalr  3 

JalT  10 

Jaljr  17  

Jal7  84 

Jaly  31 

Aa«.7 

Asf.  14 

Aa*.  81 .       

Aar«9 Ma.TI8i,81S 

a«i>i.  4.... a48,mi.u8 

■«j>Lit majmjtu 

B«pt.t8 8«>jn.488 

•apt.  48 847,1818W 

O^  8. ......••.•••...■  .        848,884.188 

Oct.  8 MinauM 

Oct  14 MLSiai;* 

Oct.  13 ^  ...  MJ^MiUi 

Oct.80 MMMCM* 

Not.  4 |S^29J5 

Not.  It MMVMIe 


Notae  IB   ^.jtatUsMl  OirraMr.^  L«.  1 
Olrcalalioa.   SseslftA.    UMHkaisd.  DiSn 


an.'aa.'i* 

84IUH7.M8 
Ma.SM.4T4 
S4t.48B.8M 
MBJB.** 

a4«,niiM 

SSI,8ia.7M 
Mt,8aB,8ta 

MSkaarjai 

MBLaHulH 

utMm 


aaiiaB 


881.880 


8M8.IV 
1,888.141 
4,118.3:8 
8.4«.8M 
l,ae8L88B 
t.HBi.SM 
*.0e8.S8D 


t.88B,J8l 


ilU.887 
t,1I18tt 

tjmMt 

8.48B,8M 

MU.ISO 

Mtaoo        l.S«-.<9B 


Imports  of  I.eadiDs  Artlelea. 

The  following  table,  compiled  from  Caatom  House  returns 
shows  tlie  foreign  imports  of  leading  articles  at  this  port  since 
Jan.  1, 1873.  and  for  the  same  period  of  1374  : 

[The  qoantltr  1»  giren  In  ptck»sas  when  not  otherwige  speclfled.l 


Ohlna,  OI*u  and 
■arthenware— 

Uhlna 

■arthenware.  . 

OlaM 

Olaaaware 

Slasa  plate 

Battoaa 

OoalatoBi. 

Ooeoa,basa..      .. 

Oilfci.  bags. 

OBiaBa,baes 

Draga,  Ac- 
Bark,  PeniTlac.. 

Blaa.  powder*. . . 

OocUaaal 

Oraam  Tartar... 

aamblar 

0am,  Arabic... 

KaSr..-.-.:::::: 

ntial.. 
CHIra 

MhcartL'.l! 

Fare.  . 

Oeaar  doth 

Hair 

Haip,  bales...... 

BMt<i.*»- 

■riatlas 

BMai.drHsed.. 

India  rabber 

iTecy... ^. 

Jewell/.  Ae.^ 

Jeweby 

Walabaa 


Since 

Same 

Jan.l.TS. 

tlinellf74 

13.091 

itsn 

3a.9aj 

31.418 

386,087 

343,876 

83,«IS 

S4.4e8 

3.SS8 

7.8*7 

8,811 

8.M4 

51,1!8 

80,811 

80,0)1 

13,083 

1.438.50; 

1.18\3U 

3.400 

IBS* 

IS.C81 

31,483 

sr.a<» 

81.397 

S,CS1 

8.814 

6l>4 

1,«M 

VklOi 

83.811 

*'*'& 

&.M. 

2.881 

8.311 

1,»78 

1.880 

861 

831 

31.773 

JMM 

831 

1.43! 

18.4011 

43,7*) 

48.186 

48,519 

M,04! 

47,05* 

7.1W 

8,301 

7JB» 

8,088 

1.483 

804 

S.81B 

4.317 

ITISM 

1.4M 

IJ73 

8.1M 

8JSI 

18.881 

4k,iak 

M78 

3.098 

tjm 

1.107 

780 

841 

818.74: 

1SM4I 

100.814 

MI.1M 

Metala,  Ac- 
Co  tlery 

Uardwaie 

Iron,  RR.  barg... 

Le»a.plK» 

Speller.  Tbt 

Steel  

Tlu,  boxea 

Tin  aUba,  lb« . . . 

Raga 

Snnr,  hhda,  tee.  A 

Sagar,  bza  ji  bags. 

Tea 

Tobacco 

Waate. 

WiDiM,  Ac- 
Champagne,  bka. 

Wines 

WooL  bales 

ArHeUirtporUdit 

valu4- 

Clgara 

Corka 

Fancy  goods..   .. 

Plab.r. 

FrulM.  Ac.— 

Leawna 

Ocaana. 

Nats 

Balalns 

Hides,  nndreaaed 
RIee 

fflger... .*."::: 

Sal^sua 

Woode- 

Oork 

Foatle 

Logwood 

M'^OKsny 


tl401J87 

15,038 

1.0i!8,3»l 

»S0.10« 

888,844 
l.WO,a84 

741,344 
1.3U,:78 
8,874.184 

SW,8» 

IBUttl 

88.180 
148,181 

ao7,tu 

314,841 
81.801 
5S4.K11 
97.744 


Same 
Ume  1874 


4.1S7 

8,911 

tS8.8Ul 

191.837 

1,147,341 

105.884 

911.315 

9,:88,9<IS 

110,893 

578,051 

1.1«6,0S5 

9»S,3»4 

67,878 

1.799 

101.047 
148.817 
44.896 


#1144.444 

71407 

1,00«,173 

331501 

i.ioiua 

1.380,1:0 
1.071.411 
l.«6S.7Sr 
11I81.988 
711178 

81107 
180,331 
811188 
841.100 

ia.aoo 

HIM 


ItlMl 


■s««lF4s  or  Doaaeatle    Pro4laco. 

The  reeelpta  of  domeetle  produce  since  January  1, 1875,  and  for 
tho  same  time  la  1874.  haTe  bean  as  follows  : 


Since 
JaB.I,*n. 


FVmt. 

Wheat. 

Cera... 


pkgs. 
bbls. 


.baah.aiM10MSlM8, 


Rye 

Barley  and  SHlL 


mm 

ISMJM 


r.taip. 

Oplrliaioipea.. 
Roeln       .... 
Tar 


IBM;      Pitch 

f  Olleaka pkga, 

nuns-    l>l!    I.r.l _.. 

I1M8.I'  ....baga. 

,m.KB^17.S».<  ■•- 

lIKr.i       ^^::-r  ....pkgS. 


41. lU 

ir.'joi 

U1.4ft< 

M118I 

11M 

MUMS 


14011U 


«JM 

7.30* 
81444 
4114M 


iUT4 


.hb<la 
.  bbla. 
balaa. 


Since    I    Same 
Jan.1,'75.  time  1874 


917 

841018 

^811 

si4n 

'981019, 
10IR,O49 

irr.rti 

4ai4M 

181,118 
«I,IM 

ttlMl 
1I.494 
».48l 

816,  MB 
llTM 
81,881 

ujm 

11883 

181,134 
a.41S 

140,  U4: 
4!<,3I8| 
48318! 


1411 

181340 
ISll 

n,4M 

811418 
1,871818 
871808 
449,186 
106. 9J1 

44.C87 
111948 

81418 

aiixa 

191974 

llOM 

IIM 

184 

urn 

Mian 
laists 

161B88 

6P.I41 

lOlT.l 


liXlllfS  IND  FIHINCUL. 


■ULBOAD  BON06.-WUIberyaa  wlah  to  BITT  or  RBl.t..  write  to 

HABBLBR  A  CO..  No.  1  Wall  atroal.  N,  T. 


llTM?"*'""  "" ~  ""'"  "  " '  llTV  °'"lV rr  M°" 


TKXAS  8TATR  BONOS. 

Ilooaloa  aad  Texaa  Oaatral  RR.  First  Mortgage  7  per  cent  Oold  Booda, 

O.  U.  A  B.  Ftnl  Mongam  7  per  oeat  Oold  Beads, 

Texas  Laada  aad  Land  Scrip,  far  aale  by 

WlUiAlf  BRADT,  M  William  at,  N.  T, 

BTOOKB 
Dian  la  at  the  New  Tork  Stock  Kirhange  boogbt  sad  iold  by  oi  on  margin  of 

tvopareaat.  

^  PRTTILBOBB 

MntMad  at  one  to  two  per  ceat  from  aaarket  on  membera  of  the  New  Tork 
Boaat*  or  taapotMlbla  partlea.    Uafge  aoaia  hare  been  realised  the  past  3 
days.    Fat  or  call  coeu  oa  100  aharae 

BIOSB 
■tiaddlee  gW)  each,  eentiol  MO  abiine  of  atock  for  30  dajx  wllhnnt  fnrther 
iMtaWbilamasyUwaaanddoliarapraat  BUT  be  gained.    AdTlcaand  informa- 
Uaa  famliked.    Fampblat,  containing  Tsluahle  ataUaUcal  Informailon  and 
(^•■IMI  bow  Wall  Mieet  operation*  are  oondoctcd  aant 

FRKB 
V8  an  address.   Otdsn  tolldted  by  ostl  or  wire  aad  promptly  execated  by 

TtnfBRIDOB  A  CO.,  Banker*  and  Brokarr, 

Mo.  1  WaU  strest  H.  T. 


482 


THE  CHRONICLE. 


[Kovembcr  20, 1875. 


No  National  Banka  organized  during  the  past  we«k. 

DIVIDENDS. 

The  rollowlne DWldoads  have  receatly  boon  anaoanced : 


CoMPAirr. 

Pbb 
Cbht. 

Whek    Hook*  Closbd, 
P'ablb.  (Days  Icclusive.) 

Railroads. 

Northern  (N.H.)... 

iniocellanettu*. 

American  Express 

$i  50  Dec.     1 

*il       '.Tun.      S  Doc.   19  lo  .Tun.  S 

FKIDAV,  NOVEMBKW  10,  lS75-«  P.  1«. 
The  Monci'  Market  and  Fliiaiiclal  Situation. — Among 
the  events  of  tlio  week  wliicli  liavebeen  of  most  interc&t  iu  liiiim- 
cial  circles  was  tlio  call  by  Secretary  Bristow  for  $17,785,000 
of  United  States  five-twonty  bond.s,  of  which  $.'(,000,0(X)  wore  for 
the  sinking  fund  and  the  balance  on  the  Syndicate  account.  Thi.s 
call  exhausts  all  the  five  twenties  of  1804  and  takes  $1,97.'),400  of 
the  old  18(!.")s,  and  also  uses  up  the  whole  amount  of  f.lOO.OOO.OOO 
5  per  cent,  bonds  authorized  to  be  issued,  so  that  no  further 
funding  can  take  place  except  into  4J  per  cent,  bonds,  unless  Con- 
gress authorizes  a  further  issue  of  5  per  cents  to  1)0  made. 

The  rumors  of  possible  war  with  Spain  and  the  reduction  of 
the  Bank  of  England  rate  a  full  1  per  cent.,  are  also  events 
worthy  of  notice  as  bearing  upon  tlie  financial  situation. 

Money  continues  in  abundant  supply  at  easy  rates,  and  the 
range  of  quotations  on  call  loans  has  been  S(iM  per  cent.,  while 
the  bulk  of  business  has  been  done  at  ;}'34  per  cent.  On  jjovern- 
nient  collateral  money  has  been  off(>red  at  3  per  cent,  for  the  bal- 
ance of  the  year.  There  is  little  change  in  commercial  paper,  of 
which  the  strictly  prime  grades  are  sold  readily  at'  ()(ffi7  par  cent. 

The  Bank  of  England  statement  on  'I'hursday  showed  a  gain  of 
£136,000  in  bullion  for  the  week,  and  the  minimum  discount  ratr! 
was  reduced  to  3  per  cent  from  4  the  previous  figuie.  The  Bank 
of  France  rejwrted  an  increase  of  3,001,000  francs  iu  specie  for  the 
week.  \ 

The  last  weekly  statement  of  the  New  York  City  Clearing 
House  Banks,  issued  Nov.  13,  phowed  a  decrease  of  $  340,13.5,  iu 
the  excess  above  their  25  per  cent,  legal  reserve,  the  whole,  of 
Buch  excess  being  f 8,737,07.5,  against  $9,077,300  the  previous 
week. 

The  following  table  shows  the  changes  fi'om  the  previous  week 
and  a  comparison  with  1874 and  1873: 

, 1875. .  1874.  1ST3. 

Nov.  0.  Nov.  13.  Differonces.  Nov.  M. 
Loans  anddls.  $370,575  800  {37.5,901,600  Doc.  J«,fj71,vOO  1283,188.100 
Specie 1.^,245,51)0      ll,10il,400  Inc.     1,103,900      1«,888,-.M0 


Nov.  No  '. 
18.  IB. 
1J!J<  •!«» 

ma  nma 


Closing  prices  daily  have  been  as  follows: 

Nov.    Nov.   Not.    Nov. 
Int.  period.     13       15.       16;-       17. 

«»,1881 reg. .  Jan.  &  July.    laiJi    \ini*m>4    Vil}i 

6«,1881 coup..Jan.&  July.  •122S4    :42K  •!««    liiy, 

6«,  6-20'8, 1864 reg..May  <fcNov.  "iHX  »1H^      ... 

88,5-20'8, 1804 coop. . May  <fc  Nov.  •IMJi  •1:41,' 

«8,  5-80'8, 1805 res[..May  A  Nov.  •116     'llO     *116     'llfl     'r.SH 'HiX 

6s,5-20'B,1865 coap..May  *  Nov.  •IIM),  *110X    118)^*110     •110       llhji 

68,6S0'8,1865,  n.i.,  rog..  Jan.  &  July   'IIO     'llS-i  •ll!'>i  *119J<*119>^  'iigji 
68,S.S0'8,18a5n.i.,conp..Jan.&July.*lUPK    IICK    U!i«    119X  *119Ji    120X 

«s,5.80'6, 1807 reK..Jan.  A  July.  *,21Ji    121)4  •IJlJi  «mii;  •121jj      .... 

6s,  5-20'8, 1867....  coup..Jan.*  July.    VUX    121X    iaiJ.<    n\Zi    my,    lii'4 

69, 5-30' 8,1  SOS TCP.. Jan.  &  July.'i-2I«  *mH  *ii\yi  *mSi  'litl     «122 

6s,  5-20'9, 1868 conp  .  Jan.  &  Jnly.    Vi\M  *m)i    12IX  *!21j«  •12.!J«    Wiii 

6s. 1040-8 reg..Mar.&Sept.*U5>»  •!".'i?i  'IHi       ll(;«    llOK  •116'i 

58,10-40's conp..  Mar.  &  Sept.   117X*in     'in     'in       llIX  'in 

59,  funded,       " 
58,  funded, 
tg  CuircncT. 

•  Thla  is  the  price  bid  ;  no  tale  was  made  at  the  Board. 

The  range  iu  prices  since  January  1,  and  the  amount  of  each 

class  of  bonds  outstanding  November  1,  1875,  were  as  follows: 

, — Range  since  Jan.  1. — .   . — AmountNdr.  1.— -> 
Lowest.  Highest.     Registered.     Coupon. 

«B,1881 reK..118     Jan.    6  123j^  May  20tl93,:372,S50 

8S.1881 conp..tl8K  Jan.     8  15UX  •Tmio  17 

8s,5-20'8, 1304 conp..ll4i<  Nov.  ii  121     Apr.  27 

»»,  5-20'B,  1815 coup.  .115^  Nov.  1)1122%  June  18 

6s,5-20'8,1865,  new,coup..ll7X  Jan.     8jI24>i  June  17 
-     "  9lli5XJ"no25 

9  ;25>i  Juno  18 

6  I18X  June  18 

4illi<XAug.  2< 

2  119     JunoiS 

4 1 123     Nov.  17 


conp..uar.  ssepi.    nDt'ni     ~iii     -m       nia 'iv,;, 

,1881 rcg,  ..Quarterly.    115K    IV^y.     HOK    115^    11i:K    llOH 

,1881,. .coup.... Quarterly. *11E«*115X    "»X    MW  *IKH    mn 
;t reg..  Jan.  &  July.    i-lV/,>M     *124X    Vii}i*mn*lii 


?l,0:iT,000 
3'J.849,950 
5H.OaS,400 
88,908,8(.0 
!4.534,0C0 
141,027,250 

5ii,97V.i66 

64,623.512 


89,.'!0;),r.0O 

32,28ll,(  00 

iia.o-4.4ca 

143,!570,700 

821,0Mt5Q 

22,b90,UOC 

52,939,050 
250,482,050 


SsTenn.,  news... 
!»N.Car.,ol(l.... 
JsN.  Cur., new... 
«B  Virg.,  consoUd 
do  2d8crlea. 
88S.C.,  J.&  J... 
68  Mo.  long  bonds 


5S 
Oirculation....      ;8,0:09,4OO      18.143.100  Inc.        1(5,700      24,832,600  "2 

Net  deposits..    231.931,200    51S..W7,,300  Doc.    3,42.1,900    229.994,200  o '' 

IiOfal  tenders.      51,31J.600     48.95(.5O0  Dec     2..J00,00u     59,515,100  K 

United  States  Bonds. — The  market  for  governments  has 
been  active  and  strong.  The  final  successful  negotiation  of  the 
whole  $500,000,000  of  new  live  per  cents,  at  par  in  gold,  and  most 
of  them  in  the  foreign  markets  too,  in  spile  of  the  depressing  influ- 
ence exercised  by  our  defaulted  railroad  securities,  has  been  such  1  N.Y.^c.'&H.TiUa 
an  evidence  of  the  high  standing  of  United  States  securities  as  to  9.-l'i.°-!8'!idiis... 
give  a  decided  stimulus  to  the  market.  Business  has  been  pretty 
active  during  the  past  few  daj-s  and  consideraljle  purchases  for 
speculative  account  have  been  included  among  the  transactions. 
Secretary  Bristow  has  issued  the  following  calls  for  five-*wenties, 
dated  Nov.  15,  making  the  interest  on  the  bonds  named  cease  Feb. 
15,  1876.  The  thirtieth  call  is  on  the  Syndicate  account  and  the 
thirty-first  is  for  the  annual  sinking  fund : 

TnlRTIEXn  CALL. 

Bonds  of  the  act  of  June  30, 1801,  .is  follows: 

Covj)on  Honds. 

$50-  No.  4,301  to  No.  6,782.  both  ii:clu8lvc. 

100— No.  17,201  to  No.  27,017,  both  inclusive. 

5(.0— No.  22,001  to  No.  2ii,.'j00,  both  inolnaive. 

1,000— No.  8-1,491  to  No.  99,288,  both  inclusive. 


68,5-20'B,  1887 coup..ll8>i  Jan. 

ts,  5-20's,  1808 coup..  118     Jan. 

5s,10-40'8 ..reg..ll3XMch. 

8s,  10-40'3 coup..llS3i  Mch. 

5s,  funded,  1881. . . .  coup. .  113^  Jan. 
Ss.Oarrency reB..117?i  Jan. 

State  and  Railroad  Bonds.  —  The  principal  dealings  -  in 
Southern  State  bonds  have  been  in  Tcnnessees,  which  have  been 
weaker  for  both  issues,  the  new  bonds  selling  to-day  at  45J. 
South  Carolina  consols  and  Louisiana  consols  are  both  stronr'T, 
and  have  advanced  1@3  per  cent,  in  prices.  Kailroad  bonds  tuii-e 
generally  been  stronger  than  last  week  and  close  at  better  prices. 
There  seems  to  be  less  apprehension  as  to  the  Ijonds  of  the  Pacific 
railroads,  based  on  the  idea  that  the  U.  S.  Supreme  Court  will 
probably  sustain  the  Court  of  Claims' decision,  and  also  on  the 
lielief  that  Ihe  roads  would  not  iu  any  event  be  driven  into 
default  by  a  prosecution  of  the  government,  but  that,  if  the  suit 
goes  against  them,  the  matter  will  be  settled  by  negotiation.  As 
to  dividends  on  their  stock,  the  question  is  different,  as  there  is 
no  oljligation  to  pay  dividends. 

Daily  closing  prices  of  a  few  leading  bonds,  and  the  range 
since  January  1,  have  been  as  follows: 


Un  Pac.lBt  68., 
do     L'(lGr'l7fi 
do        S.F.88.. 

Krlelst  M.78 

N.J.Cen.lst  78.. 

Ft  Wayne  l8t78. 

BOCflHlfl  lBt7B. 


Nov. 
\t. 

46 

17 

•8 
•70 

■si" 

•102« 
•113H 
)04X 
10  iX 

sax 

8S) 
101 
Ulii 

11 1« 


Nov. 
15. 
43 
•16 
•8 
•70K 

•si" 
loix 

i6ij< 

103 

89X 
101 
till* 
tI4^ 


87<      ~" 


Nov. 

I  a. 

43X 
•16S< 

"8 
•70K 

4fi 
•31 

m% 
m% 

W-'M 

'in% 
•as 

103  X 

•n\>i 

•IHH 

■ilO 
873^ 


17. 
4i 

'KH 
•8 

•;o 

•41 

•31 
102  y 
119 
1(14 
Vil% 
•88 
67^ 
•101 
!1IK 
■IHX 
110 

87;>« 


18. 
•j5X 
•16>S 
•8 
•69 
•Jl 
•31 K 
102X 
'IWX 
10.1 
10  J  X 
•OSH 

'1U2 
113 
'W% 
'HI 

8S 


Nov. 

W. 

46 

17 

■8 
•71 
•MX 
•3i« 

120 
USX 

•98H 
U'A 
•MSI 

•m% 
•111 

no 

MX 


.— since  Jan  1         '«> 


Lowest. 
41  .Ian.  27 
17  N'ov.  13 
It  June  la 
55>^  Jan.  20 
86  Mch.  23 
29X  Sept.  28 
94X  Jan.  II 
IIIK  Jan.  18 
n\  Jan.  6 
90  Jan.  6 
90  Jan.  I: 
811X  Jan.  5 
100  May  29 
lir7X  FeO.  1 
106X  Jan.  7 
1115  Jan.  5 
79     June  15 


Highest. 
55X  .1  an.  5 
29  '  Jan.  18 
16  Jan.  7 
69X  Oct.  28 
50  Oct.  2 
3)  Jan.  2i 
iOSK  Juno  2: 
122  Sept.  10 
tOTXS'pt.  so 
106X  June :«) 
WiX  Sept.  ;-U 
r,%  Aug.  23 
101),  May  9 
IK  Apr.  6 
116  Nov.  8 
IllX  June  5 
85X  Aug.   4 


JRegisleved  Boivlft. 

$50— No.  371  to  No.  523,  both  incliisivfT. 

100— No.  2,401  to  No.  3,550,  both  iudnflve. 

500— No.  1,601  to  No  2,150,  both  inclusive. 

1,000— No.  8,351  to  No.  1h,!i(.8,  bolh  induHve. 

B.OOO— No.  8,106  to  No.  3.S24,  both  inclusive. 

10,000— No.  0,901  to  No.  10,150,  both  iuclusivo. 


$7,410,300 


5,345,050 
.  ttll,78:-,350 


THIRTT-FinST  CALL. 

Act  Juno  30.  1801. 
JiecjUUrtd  TioniJs, 
$50— No.  520  to  No.  532.  both  incUisive. 
100-No.  3,6.")1  to  No.  3,f.02,  both  inclusive. 
bOO— No.  2,151  to  No.  2,201.  both  Inclusive. 
I,0il0-Nci.  10,909  Co  Na.  11.219.  both  iuclnsivo. 
5,000 -No.  3,825  to  No.  3,8ro,  both  inclusive. 
10,000— No.  10,151  to  No.  10,481,  both  inclusive. 

$.3,021,600 
Act  March  3, 1805— May  and  November  interest. 
Cot'pon  Jionds. 
$50— No.  1  to  No.  E.W,  both  inclusive. 
100- No.  1  to  No.  850,  both  includvo. 
600— No.  1  to  No.  500,  both  inc:iisive. 
1,000— No.  1  to  No.  2,800,  both  inclusive. 


$S,00O 


liefiskred  Hands. 
-No.  1  to  No,  041,  both  inclujive. 


$1,475,400 


500,000 


$,1,COO,O0O 
Bonds  embroood  In  this  call   will  be  paid  at  any  time  .previous  to  their 
mainrlty  upon  presentation,  with  interest  t(><la  o  of  such  pajment. 
CloBJng  prices  of  securities  iu  Ijondon  have  been  as  follows: 

-Since  Jan.  1 


11.9.88,  S-80'B,  1865,  old.. 

O.S.6a,  5-20'B,1867 

U.  8.58,10-40'B 

SewSs 


Nov. 
5. 


WSH 
lOjiM 
101>i 
103« 


Nov. 
12. 


103X 

108« 

104;^ 

103>f 


Nov. 
19. 


Lowest. 


...  1875. , 

Highest. 


•.=3K 
10S% 
104Ji 

lo,3;ii 


103.Vf  Nov.  81  !08}f  Apr.  9 
lOOX  .Tune  18|  109>i  May  6 
WiX  Feb.  13  107  Aug.  13 
102     Apr.  131  105X  Aug.  16 


C.  &  N.W.  gold  7s 
•  This IB the nrlce bid,  nosalswaa  madeaichs  Boaid. 
Railroad  aud  Miscellaneous  Stocks. — The  stock  market 
has  not  shown  a  large  volume  of  business,  though  prices  of  the 
leading  speculative  stocks  have  generally  been  well  maintained, 
and  icsoine  cases  an  advance  has  been  established.  Much  inter- 
est has  centred  in  the  contest  between  the  Pacitic  Mail  and 
Panama  Hailroad  comijanies,  in  which  the  railroad  having  re- 
solved to  start  an  opposition  line  of  steamers,  the  Pacific  ^  U 
Company,  or  parties  iu  their  interest,  have  sued  out  au  injuncf'.jn 
to  prevent  it.  The  respective  stocks  have  fluctuated,  aud  prob- 
ably will  continue  to  do  so,  with  each  changing  yihase  of  the 
contest,  though  Pacific  Mail  appears  to  bo  more  steadily  held 
than  the  other  stock.  There  are  few  stocks  dealt  iu  at  the  Stock 
Exchange  whose  actual  value  at  any  given  time  it  is  more  difficult 
for  au  outside  operator  to  estimate,  and  in  the  continual  nego- 
tiations and  disagreements  which  take  place  between  these  com- 
panies, the  public  is  often  at  a  loss  to  know  whether  they  are 
actually  hostile  to  each  other  or  not.  The  leading  East  and  West 
trunk  railroads  continue  to  work  harmoniously,  and  will  probably 
make  another  advance  in  freight  rates  on  the  close  of  navigation. 
While  it  is  clear  that  an  advance  will  be  advantageous  to  the 
earnings  of  all  the  roads,  the  question  is  asked  as  to  several  of 
them  whether  they  will  probalily  be  able  to  pay  dividends  out.  of 
the  earnings  of  the  last  half  of  the  current  year  1875.  As  to  Lake 
Shore,  Michigan  Central,  and  Cleveland  Col.  Cin.  &  Indianapolis, 
this  question  is  pertinent,  and,  as  the  months  of  July,  August  and 
September  were  generally  believed  to  be  very  poor  for  railroad 
business,  there  are  many  who  suppose  that  a  surplus  of  3@4  per 
cent  of  net  income,  above  interest  and  all  other  payments,  cannot 
be  shown  for  the  period  named.  Ohio  &  Miss,  has  been  weaker 
during  the  past  few  days.  Western  Union  Telegraph  has  been 
steady,  and  the  rumors  which  were  circulated  that  the  company 
would  probably  reduce  its  dividend  and  apply  its  surplus  earnings 
to  new  construction,  have  received  no  confirmation  and  have  lately 
met  with  little  credence.  No  further  information  can  be  had 
regarding  the  probable  decision  of  the  l^.  S.  Supreme  Court  on 
the  Union  Pacific  Railroad  suit,  and  the  Granger  railroad  cases, 
until  such  decision  is  positively  announced. 

Total  transactions  of  the  w«ek  in  leading  stocks  were  aa  fol- 
lows- 


No  vernier  20,  1)76] 


THE  CHllONICLE 


4^8 


PmUc      L*k*    WMt'n  Chic.  A 


Ohio  J 


11  .. 
IS... 
1«  .. 

IT..., 

18  .. 

19  .. 


MalL       Hhxre.   Union.  N'weat.  Brta.    Mt»«. 


.  Si.MO 

4».5M 
»i.«M 

.  t: '  - 


10.100 
8,1 « 

M.Tlfl 

■    "1 


»>.V)0 
11.»10 
'.O.MO 

n.o» 


«  400  4,?00 

11.90)  »,«ao 

4.«o  ¥X,va 

««•  n.Hoo 

S.««  19.  wo 

3.31)  uoo 


9.100 

is.no 

S.TOO 
l.XU 


Pacific  Union 
ol  Mo.     Pac 


t.000 
100 

«,T00 

1,«10 

3900 

900 


I5.:w) 

«.9C0 

i.aiw 
s..i<: 

SSlX) 


TMal..  .. 
Wkoto'tock. 


1.  ')    119.0K    33.S00  111.100    TI.UO      IS,«»    Sl.TOO 

.tuu.>'u    i.i.-ni    3n.g36  1U,930  180,CC0  (00,000      n,»ll  SBT.IM 

A  eomparisoa  wiiU  the  last  II  ae  ia  the  preeeding  Uble  ahowH 
at  •  kI*i>c«  what  proportion  of  the  whole  ■tock  baa  been  taraed 
OTer  in  the  week. 

The  daily  higheat  and  lowest  prices  hare  be^n  as  follows: 

•uardaf ,    Moodar.  Tawday.  WrtaatiUy,  TkaradaT,    rrldar. 
~       ■•       Xo«.  li.       X  .r.  ;<.        Sot.  17.       XoT.  U.       Not.  ;». 

IV.  V  •.0\       lux  101 V 
...      —     .|j,     ,j,j^ 


_   _       KOT.  i». 

■.Y.CuUkaJL-.'jt«  MS 

Harlm *19t>  ixi 

Irta lifi   i;w 

bakanara....    (In  u\ 
Micklcaa  Caal.    M      u% 

Wabuk 9S     >« 

RarUwaat »\  » 

4«      »rat.   H^  »H 
Hoeklalaaa...  lotHlo'S 

•(.Paol SV   »M 

4o      »ra<....    U     H.i* 
4t.A  PAC..i>r«!f 

Cent 

llaa.*Bt.Joa. 
Ual«a  facile.. 
Col.CbleUll.C. 

Panama 

Waal.  I'D.  T<l. 
Al  *  I'ae.  Tf  1. 


Sot.  17. 
in    us!i 

ISJKUIS 
1  X    WH 

••H    —. 

53  «S 


Not.  1».       Not. 
lOiit  IIMH  *UBH    .  . 
I»     U9     'ISIH  lU 


S.larday,  Nov. 

Koadaj, 

Taaa4»7, 

Tbaradar.     "' 
Friday. 


. (jiiotallnna . 

Oocn-  Ljw-  Ulah-  Clos- 
ine.  cfft.  caL  ins. 
tS....lU',  in;  \U\  UiH 
lS....l!4)a  IIIV  IMK  IIIV 
J'>....lM>i  111';  114X  114J< 
17  ...lUX  1I4>,'  IMS'  114H 
18....1!'tH  ;:4'4  114\  lUJK 

»....iii*f  i:4>i  115    injc 


To'al    ^•— HaUnrc?. -» 

Clearings.       Gold.    Currentj 
SH.lliVOOa  fl.49i.7.M  $1,T1II.«44 

.i9.9S3.ono    i.smfois    i.its.mi 

SI.»«,flOO     I.l.W.lil      1..5;0,I89 

3i.»>i.ooo   Lsrio'-w   j.iMi.isi 

«4.0U8.nO0        '.K6.W0      1,S«,9M 

4:,7i4,oo)    i,66o,.'m    1  en.iM) 


Oarrentwaak ll<\' 114;;  US     lUX  t«(M.Siii.O0O    $ $ 

frarlooa  oe.:k 115      1 14^.  115V  '-U^    «W,Uo3000     1,E23,<S0     t,10«,tM 

;»B.l.l»75.todat«...llt>,- lltx  M7H  lUX 

ForelKB  Kxchauge. — Excliango  has  In-on  tolemWy  strong  ou 
a  moderatp  businr?*.  TIip  market  i.s  not  di&turbod  now  by  the 
gold  moTomentu,  and  is  l"ft  to  take  its  own  course  as  governed 
by  natural  cnusps.  The  sup])ly  of  commercial  bills  !.•<  not  over 
larife,  an  ihc  bills  made  afraiust  shipments  of  nuything  else  than 
cotton  ar<!  of  moderate  volume.  At  the  close  the  tone  waa 
strong,  and  rates  for  trtiial  business  in  prime  sterling  bills 
aboat  i    below  the  asking  prices  of  leading  drawers,    ijuotationa 

ar«  as  follows  :  . Sov.  19. , 

HO  daya.  3  daya. 

PriBCbanliers'iUrllDr 4.8l.%«.m)i  i.f^DiOi.i'^ 

li  Mid  baoken' and  prime  com' 4.K3ii34.t^  4.^7    iki.SSii 

Giod caamerdal  4.81M<t4.8iK  *M   tt*M 

DocBasBlarr  caauncreial iMiai  MX  4.84    a4.n 

Parto(fraocal S.n    tM-KM  S.IKK&.MK 

A»tw«p(f™nca>. 8.«0   MUX  5  iS'ifc.llV 

Swlasifranca) ».«   aS.IT^  5  l«!i^  li.S' 

AMtcnlamOnildera) MVS    40K  ^OHO    40K 

BaMbarc  (reiehmarkf) KxS    Kfi  Wvf    ' 

Praakfort (Kichmarkr) (BKA    HV  9«><< 

Breaaa  (reiebmark*) MVO    ^S  f-'il 

DcTlla  (relcbmarkj) MXtt   <»S'  MS»    t»S 

I'tie  traaaaetiona  (or  the  weak  at  the  Ouitom  Bouse  and  Snb- 
TreaaurT  hare  been  aalollows: 

C'utom    . Snb-Treaanry.- 


«li4  NX 

T\laUtk«pnaa*UBa4aak»f:  ao  a«J«  vaa  aada  at  U«  Beard. 
'The  entire  raiigs  from  Jan.  1,  IdTI,  to  this  <hite,  waa  aa  follow.' 


•—Jan.  1,  Jim,  to  data— 
-  _  .,       ^  u  ..  .         U>"»»i.         IllidwaC 
H.  T.C«a.*Uad.  B...m>    Mar  X  107S  May     ( 
Barteaa UIKJaa.  Itl«     Apr.  tt 


Bria. 

UkeBhara 

lOaalfBt. 


HOTtkwaat 

de       Braf 

RocklaUaa! 

•i.Paal  

do       praf ..»  .. 

Atlantic  A  Pultr  pft. 
PaciOc  of  Mi»i-. 
OUo*l(la«la>.; 
Oatnlof  New  ' 
Dai..  Lack.  A  U  r-  ■  : 
HaaolhalASi.Jo... 

Oaloa  Pacific  

<!ol..Chlc.  A  I  C 

Paaaaa  .  .       .      . . 
Wcatcra  rntnii  Tel . 
AUaallc  *  Pacific  T<1.. 
OalaMlTar    

«•        Mcf 

PacUcMan 

Adaisalzvraaa 

Aaaakaa  BXpraa* 

Called  States  Bii>re*e. 
Wella.  Parco  *  Co 


liVJaaetl 
til^itrBLI- 
H    »^. 

4a 

U     Meh. 
,     4     Oct.    • 


«^¥Mch. 


,  .Ian 


13  May  14 

10  Jaljp  1( 

H  Jaa. 

M  Jai 


,  Jan.  t 
.\l>r.  17 
Ai>r.  r 
,  Neb.  m 
■  Jane  I 
.  Jan.  14 

Arr. 

.  .Vac. 

.•!y  Jan. 

35     Jaa. 

44     Jan. 

45t(  A|« 

1  t0>M  Mrh.  R 

t»,  «1     Jaa      ' 


. Wbala  yaar  1914 , 

Lowest.  BIcheal. 

IftKMay  t«  ItftKMck.  11 

IISK  Jan.  7  I3IK  Pcb.  Id 
K  Dec  10  51K  Jan.  19 
I7N  Jaa*  U;  MM  Jan.  14 
MM  Aar  «SW  Jan. 
UKDac  «  UK  Jan.  14 
M^Jaly  19  at «  Jaa.  * 
Si  H'pLlQ  TSIfPeb.  « 
its  Jane  11  IMu  Pab.  « 
31  li  May  18   «»KJaa.  10 


48     May    8,  HS  Pab.    » 

ii>ii  K«pi.  »■  n   p«b.  u 

i»%  Jaa.         tf     XoT. 

t:<i  Jaaei;    M     Jaa.   10 

•8     Jaa.    I  iOau  Feb.  10 

(8     Jaa.    1  i:i>(Pab.  m 

HVHepi-  7    Ma  Jaa.  II 

»    JaaalT   at|  Mch.  30 

8     a«pL  «    l8itMck.») 

K  101     Apr.  m  118    Jaa.    • 

17  M     Apr.  »4   Mt  Pee.  t» 

U    14     Aa«.  89    80     5aT.   7 

a   nit  Apr.  88   aSs  Not.  81 

*   S     Jaacta   48     Not.  r; 

18K  Dec  11    SlUH'ui.  w 

88M  Jaa.  18  180     Mot.  II 

"      '  Dec.    1 

Peb.    « 

Wot  a) 

Mallrmi4  Karailaa* — The  lalaM  eanll>«a  obUlnable,  an<l  the 
lolala  (ran  January  1  to  lateai  dalM,  ara  as  follows: 

imvuti. .  Jaa.ltaiataatdate. 

Wn.      .  »M.         ms.  1174 


4lii  Aot.  II   U    Jaa. 
-1     Aa(.  ts)s«MApr. 


IS   S*M  Jaa.    «   88  <  : 

M'aawJnT  8184 


Atck.TaBb  4kB.  Pc.  Xoalli  of  Sapl 
-         lie  APtrlfie  


All 


Oct, 


Mnalb  •( 
Mooiii  of 
'lofiib  ot  OeL... 
'•':(.  Ala  Oct  tl. 

4 ^oBlk  af  Oei.. 

liadiaaop.  HI.  4k  W. .  lal  «.«k  of  Not. 

Iniara'l  AQ'.  5orth.  lat  wmkol  Vot. 

Kaaaaa  Podfic iTlwreHnf  Rot. 

Kaokak  A  Daa  M. ..  1 1  wrak  of  NaT. 

■o.  Kaaaaa  A  Tax...  latwevkof  Not. 

MoMaAO«>le Moeik  »'     »-•<• 

at.1.  AI.A  T  B.  bcha.  Ml  m. 

b-.  Ul  MLABoalb.  !«tw^ 

St.L.K.C  A  .N.   ..  Mnoth     .' 

HI.  L.  A  SiMlkeaat..  M  waak  of  Oct. 

llt.PaB)A».0tt7,Ae.lloalh  or   Sept. 

UaloaPBdAs  Moalb  of  8a(«. 


•Miun  Til  Ml 
Mi»«is  MiflHwin  ii.;7a.:ti 

"^^     ' t7/.ni 


U<7I 
8I.ITT 

icma 
i(.s7a 

liam 

II.7W 

iN.in 

Mi.a«i 

n.TM 


11.1 

38.118 

Tt,n8 

(81818 

tiajat 

U,88n 

a4,ta| 

«*^N8 


i.oiiit«a 

1111.888 

7 1*  881 

8.410.  T>« 

1.148.118 

4aa.«0T 

8.8M.844 
l.t«.8M 


■.788 


ra,iM 


8.81MI8 

i,«ai.i«i 
i.aaa.7in 

M8M*7 
8BI.18I 

1841.114 
I,8».I57 

47I.ll!4 

Mii.'li 
l««v*i 

»».-   •  .5 
7.5 J  MM 


,  81.  aho«a4cerca>'  or 


•  Tke  Wasaarl  PicUc  aaralac*,  tma  Jaa.  I  to  OM 
|4M.tll 

t  Tbo  weekly  aaraUc*  of  Ibv  Boaa'aa  A  Taias  Caalra!  BalliaaA  Conptiny 
to  Bsl  laetada  saiataaa  (roaa  Ihnm^  paatage. 

T»»  0»M  Markat.  -  rarly  part 

nf  the  week  at  1 1 1  ainl  i\  alrr<ng<.-r 

nn    the   Hpaniali    war    nnn'  i.i  i»  ii/iy,  (-losing  at 

lt4|.     In  Uta  drapatcbes  f r  >  ^tvday  It   was   stated 

ihit  the  Inrobia  between  Hpa...   I.  .  ....      :.  led  States    wa^   ahao. 

lately  aHUed,  aa<l  gold  tNEcame  weaker  in  conae«|iierc'v  The 
payment  for  booda  calle>i  In  for  the  ainking  fnod,  unliki  'lie 
eirhanjrei"  of  n>-w  Bra  per  cents  f'>  '  flre-twen" 

has  tlf  elWl  of  brin^Dj;  |roId  on:  uury,  and   - 

Inereajia  In  Bopply  from  this  source,  nn'i  vTiih  the  adran<'»  "i  :ne 
season  to  the  period  nhen  gold  ganarally  rules  low  from  natural 
eaaaaa,  thera  la  not  mneh  antidpaUoa  of  any  adranca  In  the  pr«- 
Btlaa,  aaleaa  h  skoald  b«  forced  by  spaealative  maalpuUtlon,  or 
other  apeclal  cauaea.  r?n  goM  loans  the  ratea  hare  beeneasr,  and 
to-day  the  terms  w«ia  I  ',  and  flat. 

At  the  Treasnry  aal'  .rsdar,  the  total  bids 

aiBonnled  to  f  I.TW.OOO.  ai..i  ii,  •  wu-iie  amount  waa  lak"n  by  one 
trm  at  I H  071.     Cii.atnnis  rrcrip's  of  tli»  waak  wne  *9,870.00<>. 

Tka  following  table  will  show  thaaonraeof  gold  and  epetv 
t\oaa  of  iIm  tiold  Kxehaofa  Baak  aack  day  ot  tha  paal  week  : 


"tv    «'ja 
M.'f   88« 


lioaae     , Becclpta. 

Becalpta.  Oold.  Canency. 

Not.  13 StIOOO  |C8U«1  81  t«3l.l«  » 

'>     U 4a.80O  1M.7MaS  SailM5t 

••     I* SJIOOO  Bl«.448n  310.881  1« 

-  IT 8«,00S  IJIt.MIS)  S818M  S3 

-  M liiasO  514.43188  41im  44 

"    n Mt.ao8  ta).««7t  i.mt.iti  87 


-PaymenU.- 


Oold.  CnrrencT. 

1411811  35  $l.lU.8«i  38 

SM,5SI  M  1.144.418  M 

t«V784  S8  ft,9aM81  88 

l,ll.7.*<35  II  «71!lM  U 

(ts.iua  61  «is.8na  01 

9)1.765  SI  i.itr.ie  18 


4.106,411  70  10.8S8,C«8  11 


TMal ii.mo.tuo     i.yii.707  M   4,m»i:  19 

nalsarr  Not.  11 11.51^231  R.'  .Vi '^:  :-M  ffl 

Balance.  Not.  19 4'.mi.Wi  "  -t 

New  Varlt  City  Maaka.-  wing  statement  ahowa 

the  condition  of  the  Aaaociated  i^anas  nt   New  York  City  for  tba 
week  ending  at  the  eommeneement  of  business  on  Nov.  13,  I87S: 

.- ATsaAas  aaovvT  or • 

Leaaaaad  Laaal 

Dtaeeanu.   8paela.    Taadcra. 
8MA»i  •t.»>.m  |:A«*JM 

fc»ai.»« 


•uM      »M*     yam 

_ligM        I.8AH       >4»M 


llt.«8 

11>8 


4t>,>«8 

nojia 

413.1(0 


pM     4i>aa8    tjmm     um 

-MS 

3 


TBCal 8il.'«'Jie  KTMOl.W  8l4.4Bi.l8n  N*.«».SW  rjl«JB7JtO  1II.141188 

The  deriaUoaa  from  the  raioma  of  the  prerioua  week  Are  aa 
iollowa : 

....rv.  |1.«:4JX  I  Set  nepoallB ''•c-llflMS 

...Inc.    i.iai.<n.   ctreetailoa -.Inc.       mm 

, -,  Taaaera....  .......  I>fC .     J.1B.0«I  I 

ThalollowlngaretbetoMis  for  a  series  of  weeks  past : 
basal  i*i...n- 

Tanrl«ra. 
-.OJVVAl 


Aa«M|ll 

tar.*. 

fti  nt.  ti_.. 


CIrcn- 

i4jnijra 
ia,tr.4as 

I7.7M.WII 
I7.1VI.W0 

iT.«i.»a 
ii.tcm 

I7.'4I.W« 

i:jtijm) 
17.114.  kD 
11.NI.W 


Anretala 

iJl^arfitaa 

ll-l.tlLlM 

MC4«m 
lW3njNI 
aR.7SA« 
4II,I4*.««1 
4I»JMJ14 
••.IK  ~ 

4M.l<B.>Tl 
4U.)4l.7ia 
'14A«t,<«l 


484 


*THE' CHRONICLE. 


[November  20, 1875. 


Boaton  Banks. — Below  we  give  a  statement  of  the  Boston 
Kational  Banks,  as  returned  to  the  Clearing  House  on  Monday, 
Nov.  15,  1875  : 

Banlu                        Cupltal.       Loam.      Bnccle.  L.T.  Xotcs.  Deposits.  Clrcul. 

iLtUnttC (7BIJ,0UD      tl.-.>il.u«         ^^,M)         »J3,UUU         »4n.80U  tlS9.9.0 

A.CIaa l.MO.OOO        S.2~95(X)             3D0         lUi.UO         l.OoS.U'H  Va.lk') 

BlaCkBtone 2,000,000        4,694.3i:0           8,1'CO         298,01,0        I.VIS.SIO  616.7<.« 

Boaton 1,000.000      2,'^i8.nuc        7,wo       iiie.TUO        8'^3.11'U  seg.sou 

Boylaton 700,000        1,:8:.830         lO.HU          5i.a>3          601.390  47S,<>U0 

8roadw*7 200,000           46^,400            ....           20.0UU           HS.UOO  UO.RIO 

Central 5oa,(Xio        s:i.40o         ...          45.7i«        :»i.8oo  281.000 

Calaiublan 1,000,000        2,474,^00         19,;a0         SKS.600        1.811,000  7'il.U'O 

Coatloental 1,000,000       il.£1.^9(0           ....        HUM         8V>,7Ca  Hi84'IO 

Bitot 1,000.000        2,5M.6U0         83.000           6S,S0a           79S.4ua  If-l.xX 

Bverett WO.OOO        1,041.200              600           fi^HU           509,600  aS.S* 

FaneallHall 1.000,000       :I.7n.5iio           ....        138.800       l.Otl.lUU  6Sl.rM\ 

vreeman-a 800,000       1,711.800         2,000         69,900         (70,500  334.7.'0 

Olohe  1,000,000        2,8.i9.M0            ....          241,200          870.50U  35i.;(JU 

Hamilton 750,000        '..agj.tOO         17.I00           6;,500           713,9110  228,0!W 

Howard 1,000,000        2,358.SU0           4,400         179.S0U           7J3.(«)0  43f>.3UU 

«laanracturert„....       500,000       1,i91.70l<           ....          S.!,7uo         Ct>7.7U0  148.0  0 

MarKet 800.00C        1,736,300         12,000           70.3i0           6'0  930  350,9  0 

MaaaachuaeltS 800,000       2.3:3.700         2^>)0         326.1(10        1.2'>6,600  S.'iO.I'JO 

Haverlclt  400,000        l.SIWt'O           4,700         141,200        1,175.900  257.31.0 

MnrchandlBe 290,9(i0  257,100  ...  13,200  179,100 

Morcuanls' 8,000.000        9.701. Itll         91,100      2,C31,S00        9.079,400  ;,74IVi00 

Metropolitan EOO.OJO         810,600              ...           68,000           544.0(10  43,000 

lioaatVeruoD  '200,000          623. WO            67.010           8ti5  6(10  17;.«W 

Hew  Bncland 1,0(10,000        2,C13O0O          r,80C           M.8J0           '2:1.7(10  T76.7,J(l 

North 1,000.000        8.32:.4C0           9,2oC         4;7.a)0        1.7(0.700  54-,0.iO 

Old  Boaton 900.000        2.0rs,2oo         86,010         184.700           997100  299,500 

SUawmat  1,000,000        2.662.600           S.lOJ         136.900        1,(>57,100  412,910 

SHoe  &  Leather 1,000,000        3.464.4(X)         19.2UO         2S5,J00        1,457,200  78l.t)(IO 

etato 2,000,000        3,874,800         S7,(XX)           S1.0J0        1.124,200  969,2(IU 

Suffolk 1,500,000        S,S49.('00         H.'OO         253  1(10        1,285,800  ;2l.9LiO 

Traders' 600,000        i.418,9o0         15,W'0         161.0,0           6tl2.;00  I5i.8'j0 

Tremont J.OOO.OOD        3,40i.9ll0         49,800           48,3l'0           827,300  (46.9X1 

Waahlngton 750.000        l,95;.9o(!           2..'iOO           95.7(10          536.10  586,1(10 

Flrat 1,000.000        4,li30.»O0         16,700         2,»5.7lO        1,193930  5l2,3(H 

Second  (Oranlte)...     1,600.000        4.453.5(Xi         66,2  0         261,6110        1,3I1,''00  18'.(013 

Third 300,000        1,209.700         80,010           74.400        1,(>3;.<C0  147,200 

Kourih   .-    200.000            316,400         15.5410            12;,4ii0  4.1.(00 

Bins  of  Commerce.    2.000,000        5,539,600              "'0         43i,5C0        2.173,4(10  4'A,5i.i(l 

Bank  of  N.America  1,000,000       2,14:1.700         WIO        JSO.WX)          551,500  SIS.IOO 

B'k  of  Bedamptlon.     1,000,000        6,H5,900         13,700         .537.9U0        1,122,9^0  7r2,;(IO 

Btnkof  «op((hllc...    1,500,000        3.-6i.3llO            ....          173,500           8r,0.7(IC  99(I,0;10 

Commonwealth 500.000        4.OS2.80O         24,000         348.000        2.M)3.500  SOO.i  00 

City 1,000,000        1,919.700           9,S00           65,90C           62>,9O0  409,7(!0 

Basrle  :,000,000        1.913,S0O           l.)*         I,i3.900           731.500  3Si.50(' 

Biohaneie 1,000,000        5,2S9.40C       '.S2.4a0         3C0.500        2,337.700  7i7.iHK) 

Hide  &  leather.  ...     1.500,000        3,C2i,o00         19,100         191.6(10           911,400  975,l0C 

BiSTere «,OOO.0O0        5,510.600           3400         337.7(0        2.318  700  990,7(K' 

Secnrlty 200,000           974,900            ...             95,400           893.800  18.000 

ITalon 1.000,000        2,':96,1(0           2,000          147.400        1,192.6(10  5!9.100 

Wsjater 1,500,000        2.S86.000           4,000         151,400        1.283,600  S;3.000 

Total |-1.110.9liu    1137,536,600     5781,300   110,077,700    »53,837.0t0  $25^502,800 

Thetotal  amoant"duetootherBanK8."a8per8tatementof  Nor.  15, li  |24,648,3i» 
The  deviations  from  last  week's  returns  are  as  toUows : 

Capital Increase.    290.600  I  Legal  Tenders Decrease.       SO.noO 

Loans Increase.  1,1(0,500    Ueposlts Increase.     169,6U0 

Specie Increase.        9,230  I  Circulation Increase.      104.700 

Thefollowing  are  the  totalsfora  series  of  weeks  past: 
Oate.  L,oans.  Specie.    Legal  Tenders.    Deposits.  Circulation, 

Oct.  18 136,230,1,10             891,700            9,936,900           55,919,400  25,3(10.600 

Oct.25 136.7'(«.7O0              417.OOO           l'V2.3S.;(10           55,6-,6,40O  3',5,W.S"0 

Not.  1 135,(02,501             58!,-00           10,071.401          56,(126.1(10  25.2S0.300 

N0V.8 IS-i.WS.-OO              77i.l«l           l".n7,7ni           5S,6ii7.410  25,^9!?,i(10 

Nov.  15 I37,5S6,600              7->l,S0(l           10,077.700           53,837,000  23,502,S00 

Plilladolplila  Uanlcs. — The  following  is  tne  average  con- 
dition of  the  Philadelphia  National  Banks  for  the  week  preced- 
ing Monday,  Nov.  15,  1875  :                                           Total  net 

Banks.  capital.      i^oans.     SP'icle.     L.  Tender.  DeposIts.Cuculafu. 

Philadelphia |1,500,OCO     15,505,000     »75,0O0       I1040.0OO       $3,805,000  $720,000 

North  America 1,000,0W       4.7<i8,000           ....          1,213.000         ,3,315,000  793.000 

Farmers  and  Mech.  2,000,000      6,413.7i:o      69,()to        1.5.36,»J0        6.468,300  l,00(i.O(ip 

Oommercial 810,000       2,608,1100         4.1*0            436.000         1,662.000  628.100 

Mechanics'  800,000       1.872.167         6.851            2«2,.500         1.210,167  215,000 

Bank  N.  Liberties.        500,0(!o       2,930,0(0           ....             497.000         2,493,000  436,00(1 

Soathwark 250,000       l,f80.797         3,614            518.662         1,537,179  208.137 

Kenalnzton 250,000       1,043.983           ....             I82,0MI            697.669  220,490 

Penn 500,000       l.'2S.3.500         1,0(0            S31,0OO            877.725  212.060 

Western 400,0t0       1.957.0.8        15,93J            5bl.733         2,101.741  2r2.V5; 

Manofacturers'....    1,000.0«I       2,644.000           ...              343.000         1.780.000  542.(iOn 

Bank  of  Commerce      250.060          7r»,383            6,35            :8-.350            6.'2.643  209,215 

airard I.OOO.OOO       4,097,000       13,000           571,000         3.108.000  595.000 

Tradeamon's 200,000      1,577,0^0        6,(00          253.i;iiO        l.t^.a*  ISI.ioi 

Oonsoildatlon 300,000       1,156.3,19           ....            231,e93            82').823  270.000 

City 400,000       1.3S6.r>96           ....            33P,2H5         1,063.653  359,29i 

Coramonwealth....       300,000          811,000          ....             ;l:(,Ol»)            517.0.10  2!S,0ilU 

Corn  Kxchange....       500,000       2.038,000         4,E00            600,000         2,031.000  271.C5( 

Onion 500.000       1,576.000         2.(00            26S.0I10         1.432.000  233.0(10 

First l.OOO.OCO       4,035.0011       23,aiO         1,214,000         3.531.0(0  791.(l(tr 

Third 300,000          9"<3.0(KI          ....            309.000            88I.I1OO  258.810 

Sixth 150,000         554.000          ....            181.00C           iSl.im  135.000 

Seiuntn 330,000          639.000           ....              80.000            403.000  217,15.-) 

Blshth 275.000       1.1O5.0OO           ....            207.000            821.11(10  242.000 

Central 750.100       4,385.000         6.000            S  0.000        3.570,000  540,000 

Bankof  Hepnbllc.    1,000,100       S.168,000         1,101            807,000           903,000  777.(0(1 

Security 250.0(,O          695.000           ....              90,000            438,000  166.000 

Total $16,435^  $00,894,516    $231,992     $12,917,243     $17,227,640   $10,538.3,32 

Tnedeviations  from  the  retiirneot  previous  week  are  as  followt: 

Loana Dc.    »314,2I2  '  Deposits Dec.  1271.123 

Specie.. Dec.      21,02(1  Circulation  Dec.  51,1«4 

Legal  Tend«r  Norca Dec.     553,482  1 

The  followiug  are  the  totals  for  a  series  of  weeks  past : 
Date.  Loans.  Specie.    LegalTender.     Deposits.  Clrcnlatlor 

Oct.23 61.934,081              12.!.333           13,707,913           48,173,160  11,183,1H 

Nov.  1 61,7.3,3,716              146,212           1.3,356,126           4S,55',980  10,302,779 

Nov.  8 61.278,733              236,015           13,512,725         .47,498,763  10,689,816 

Xov.  15 60,891516              231992           12.147,243           47.227,610  10,638.332 


ftOOTATlOiNS  m  BIISTON.  PHtLADBLPlllA    AND  OTHER    CITIES. 


8E0UBITIEB. 


BOSTON. 

Malne6s 

New  Hampshire, 6s 

Vermont  5s 

Massachusetts  6b.  Gold 

do  33,  Qold 

Boston  6s,  Currency 

do     Ss.KOUl  

Chicago  Sewerage  78 

do       Municipal  78 

Portland  6e 

Atch.  &  Tcpekalsl  m.78 

do  land  gt.  7s.... 

do  2d  7s 

do  land  Inc.  12a.. 

Boston  &  Alliany  78 

Ko.bon  &,  Maine  7ii 

Burlington  &  Mo.  Neb.  88.  1894 
do  do    Ntb.  8s.  1883, 

Eastern  Mass..  7s 

Ind.  Cln,&  Lat.  78.  1869 

do         equipment  lOs 
do         funded  debt  78 

07d3naburgA  Lake(;ta.8s 

Old  Col.  4  Newport  Bda,  7,  T). 

ICutland,  new  7a 

Vor-n't  Cen.,  l8t  M.,  coua.,7,  '84 

i'-)      2dMoit.,7,1891.... 
Vermont  ft  Can.,  new,  8s, . . 


lild. 

loix 
lio" 


104M 

to' 

67 
36 
94    I 

llOJi 
100(4 
SO 


SiH 


8KCTJKITIH8. 


Vermont  &  Mass.,  1st  M.  6, '83. 

STOCKS. 

Boston  A  Albany  Stock' 

tiostou  .^  Lowell  stock 

Sostou  &  Maine 

Boston  &  Providence  

Burlington  &  Mo.  In  Nebraska 

(Iheshlre  pr'^ferred 

Chicago,  liur.*  Quincy 

Jln.,S'.(ndusky  &  Clev. stock. 

(Joncord  • 

Oonnectlcot  River 

Connecticut  &  Passnmpsic,  pf. 

Kastern  i  M  ass ,) 

Ka8tern(New  Hampshire) 

Fltchlnirg  

Manchester  A  Lawrence 

Nashua  &  Lowell 

riorthcra  of  New  Hampshire'. 

Norwich  &  Vforcester 

Ogdens.  &  L.  Champlain 

do  do       prcl.. 

OldColony 

fort., Saoo*  Portsmouth...  . 

Hntland  common 

do     preferred 

Vermont  &  Canada 

Vermont  &  Masaachnaetts 

Worcester  &  Nashua 


...  |I3S 
55Xj  57 

144     I14SX 
S9J,|  .... 
42       4S 
172     ;i2j,- 

79M 


131 

16' 
40 

120 
123 
90 

127k 


lli9X 
78)4 


MX 


131>i 
130 


84 
76 
109V 


BUJtroX,   l^UlIi&^UBLPUlA.,  Ktc.-Comtlnaed. 


•  XOOBITIia. 


PniLADELPIIIA. 

ITAT>  AND  CITY  BONDS. 

reniiaylTanla5s,  coup 

do  do    rex 

do  61,  10-15,  2d 

do          do      18-25. 81I.. 
eUUdalphIa  6s,  cLl 

do  6a,  new 

Alleghany  Count?  58,  coup... 

ntt«bnrK48 

do       58 

do       7b ., 

New  Jeraey  State  68,  Exempts 

Camden  County  68 

Camden  City  78 

Delav  are  60 

Harrlsbnrg  City  63 

BalLBOAD  BTOCEB. 

Oamden  A  Atlantic 

do  do      pref 

GatavlBsa 

do        pref 

do        new  pref 

ElmlraA  WUllamsport 

ElmlraA  WUllamsport  pref.. 

But  Pennaylvanla. , 

Huntlngilon  &  Broad  Top  .. 
do  do     pref. 

Lehigh  Valley 

LlttleScbuylkin 

Mlnehlll .,..■. 

NesQuehonlng  Valley 

Norrlatown..., 

Northern  Central 

North  Pfnnsylvanla 

Oil Ctcck  t  Allegheny  Klver. 

Pentayivanla...^.. 

Pnllailelphla  &  Kiie ... 

Philadelphia  &  Reading 

PhlladelPhlii  *  Trenton 

Phlla.,wllniing.A  Haltlmore, 

gnlted  N.J.  Companies 

West  Cheater  consoi.  pref 

WeatJeraev 

CANAL  8TOOKB. 

Lehigh  Navigation 

Uorna 

do   pref  

Schnylilll  Navigation 

do  pref 

SAILBOAD  BONDB. 

Allegheny  Val.  7  3-10b.  1896  , 
*       'do       78  E.  Eict,.1910 
do     Inc.  78end,'94 
BelTldereDelaware.l8tm,«,'7, 
rto  do      2d  M.  6s,'Sf 

do  do      8d  JI.6b,'87 

Camden  A  Amboy.  68,  '83... 

Jo  do        6s, '69 

do  do  mort.6s,'89. 

OBn.  A  Atlan.  Ist  m,  7s,  g.  19CS 
^^   do  2d  do 78,  18811,.. 

Cam.  A  Bnrllugton  Co.  6s,  '97. 

Catawissa,  new  7'.  19(i0 

Cayuga  l-ake  Ist  m.  g.  7;',  1901 

ConnecHnK6s  1900-1904 

Chartlers  7b.  1901 

Dan.,H.  AWllke8.1stm„7l.','8i 
Delaware  more,  6s.  varlom — 
Bast  Penn.  1  st  nort .7s,  '88.. . 
BLA  W'mspoit.let  m,  is.  3C 
do  do   5B,pcrr 

Hanlsburg  (at  mort.6«,'83... 

U.A  n.  T.l8tmort.78.'90 

do       2d  mort.  78.  '75... 

do       8dm.  cons.  7b, 'SB. 

Ithaca  A  Athens  g.  78.'90.... 

Junction  iBt  mort.  68. '80  .... 

do       2d        do  1900(93 

Lehigh  Valley.ea, 1898 

do        do         do     reg.  IS9? 

do        do         do        78, 1910 

do        do  do  rex  1'  8 

Uttle8chuyiklll.lstM..7,1877 

Northern  Central,  21  ra.,fis,'83 

Northern  Prclflc  7  3-108. 1900. .  i 

North  Penn.  lat  m,  68, '85 1 

do  2dm.  ,8, '96 ' 

do  chattel  M.  lOs ; 

do  gen.  M.78, 1903., 

Oil  Creek  A  Ale,  K.  ct  n.  78,'8e 

OU  Creek  lat  m.78, '82 

PennA  N.Y.C.AP.  R7S.-96-1906.1 

Pennsylvania, lat  M.,6,ls80... 

•to         gen.  m.  19'.ii,  coup 

do         gen.m.,  reg..  1910i 

Perklomen  1st  m.Bs.'97 

Phlla.  A  Erie  1st  m. 68. '81 

do  2d  m.  79. '88 

Philadelphia  A  Reading  68.  80 

do  do       7s.  '93 

do  deb.  bonds, '93 

do  g.m.7s.c.  I9U 

do  do    reg. 1911 

do         new  conv.  78,1893 

do  Coal  4  l,Co  in.,7s.'92-'S 

Pitta.,  Cln,  ft  St.  Lonis  7a,  '9(1, . 

Bhamokln  V.  &  Pottsv.  76.1*1. 

SteubenvlIU' &  Indiana  78. '84 

Stony  CrtCK,  Ist  m..  7s,  19C7. ., 

Sun  bury  A  Erie  Ist  m,7B.'7.. , 

Suubury  A  Lewlstou  78,  luSO.. 

Union  «^  TltusvlUe 

UultedN.J.c  ns.  m,  63,  91.. 
Warren  A  F.  letm.  18, '96  .  .., 
Westchester  cons.  :s, '91.  ... 

West  Jersey  let  m.  6s.  '96 

do  do    79.1397.... 

Weetcrn  Penn.  KB. 6s.  1393.... 

do         do     68Pb'96 

Wllmlng.  A  Read..lBtM., 7.190(1 
do  do   2d  Mort,  1902 

CANAL  BONDS 

Delaware  Division  6a, '78 

Lehigh  Navigation  6b, '81 

do  Kit, '97..., 

do  *7"i     

do  conv  ,  '82 

do  conv.    g.'94, 

do  gold,  '97 

Morrla,lstM., 6,1876 

do      4dM.,  1876 

do      boat,  '85 

Pennaylvanla  68, 1910 .. 

Schuylkill  Nay.  iBt  m .  6a,  '97. . 
do  2d  m.,  6a,  1907 
do  m.  6b.c..'9S.. 
do  68,  Imp.,  " 
do  6s,boat&car.l913 
do  78,boat  Acar,19i5 
do  Bcrlp.. 

SnaQnehanna  Ss.  :894,  ■ . . 


113 
109  j< 


Bid. 


41 

if" 

i'i 

6I: 

54 
55 
98 
82 
52X 
11 

60  Jt 
19>, 
53  Jt 
IW 

133' 
56 
S9 


51 
52M 
128X 
7V. 


92H 
83 

99' 

95 

90 
ICO 
M'H 
.04 
103 
102 

93  H 
105 

93' 


101 
!00 
103 

(.0 
102 

05 
.01 

54 
lOtX 

97 

95 

(05   . 
.OS 
1(19 

99  >< 
101 

isM 

103 

103 
104  V 

to 

80 
108 
104X 

10;  X 

iOlS 
95 

aaa 
102 
106  ><; 

81; 
109 

mx 

92 

75 


;o8H 
79 


95 

112 

101)4 

98 
102 
105 
105 
106 
lUOX 
!00 

68 

96  V 

78J4 

91 

7B 

92K 
9o« 
76 


Aak 


losx 
io«s 

109H 


:0B 


51 K 


15X 


93 

84M 

51 


1C3 


109M 
ICO 


na 


103,S 
105 

65 

83 

103)4 

Itt2 

^02 

92X 

9s 


flK 
110 
109> 
109 

93 

"6!< 

9S 


BBOTTBITIBa. 


BALTIinORK. 

Maryland  6s.  defence,  J.  A  J. , 

do        68,  exempt.  Ie87 

do       6^, IttiO,  quarterly... 

do       Ba,  qu.irterly 

Baltimore  6b,  iS84,  qnarterly... 

do         68,1886,  J.  A  J 

do        6s,  1890,  onartcrly. . , 

do        6b,  Park.  tSM,  Q  — M . 

do         68, 1^93. M.  A  S 

do        6s,  exempt,'98,M.A  H 

do         68,1900,J.*J 

do         68,1902,     do    

Norlolk  ■Wattr,8B 

BAILROAn  BTOCXB.      Par. 

Bait.  A  Ohio-Stock 100 

do        Wash.  Bratich..!(<l 
do       Parkersburg  Br.  5( 

Northern  Central 60 

Western  Varylund 50 

ceniraicblo 60 

Plttsburch  A  Ccnnellsvllle.  5(' 

KAILROAI)  I*O^D•'. 

Bait, &  Ohio  6s,  ".f 8(1.  J.  A  J.... 
do  6s.  18S5.  A.  AC... 

N.W.  Va. .  3d  M .  (guar)  '55.  J  .A  J. 
Plttsb.  A  Ccnnellsv.  7b.'98,  (to 
Northern  Central  68. 1885,  do 
do  6s,1900.A.AO. 

do  6R,gol(i,1900,  J  &J 
Cen.  Ohio  6>,  Ut  M.,!8')0,M.AS. 
W.  Md.  68,lstM.,(gr)'90,J.(Vj 
do  iBtM.,  fi9(l.  J.  A  J. 

d.)  21  M.,  (gu»r.)  .I.AJ. 

do  Sd  M..  (pref.) 

do  a'M.(gr,by  W.i  o.JJ.&J, 

do     6s,  .3(1  M  ,  (guar.)  J.A  J. 

Mar.  A  Cm.  7s,  F.  .fc  A.,  1892... 

do  2d.M.*  N 

do        8s,  3d,  J.  A  J 

Union  HK.,  istKuar..  J  A  J., 
do        Canton  endorsed.. 

MISCKLLANEOL'S. 

Baltimore  Gas,  certificate^ 

People's  Gas 

%VAXHlTVOTON. 

DiHricl  of  Columbia. 
Perm.  Imp.,6s,  g,  j.aJ,  1891. 

do  78, 1.^91 

Market  Stock  bonds,  78.  If92. . 
Water  Stock  bonds  7b,190I.... 
••  ••  78,19(3... 

^Vai}>itloton, 

5  year  Cere.,  7  3-ui,  1675 

Ten  year  Bonds,  (is.  1878 

Fund. Loan  (Cong  )  6  g,  1692.. 
Fnnd. Lo«n  (Lee). CB.g,  1902.. 
Ceio.of  Stock ;;^2S)r>8, at  i^l^at 
"  "      (1843)6?, atpleaf 

Ches.  A  O.  st'k  ('4")  6s,  at  pleas. 
Georgetotcn. 

General  fclock.8rf.  1881 

do  6s.  at  pli  a,-ure, 

Rounty  stock,  68,         do 
Miirkei  stock,  68,  di 

Board  of  Public  Works— 

Cers.  Geii.Imp.8«,187t 

(fo  1875 

do  1876 

do  IST!  

do  1878 

do  Series, 

Certificates,  Sewer,  8a,  1874-77. 
Water  Certificates, Ss.  1877... 
CII>t)lNNA'l-|. 

Cincinnati  5s 

do  6s 

do         78 

do  7-308 

Cincinnati  South'n  RR.  7.308  • 

Uam.Co..<)tilo6p.c.iongbd3, 

do         do     7p.c..lto5yr8. 

do  do      Igbd8.7  A  i.30> 

Cln.  A  Cov. Bridge  stock,  prel 

do  lionds,  long, 

Cln.,  Ham.  A  D.,  1st  M.,  .,  80... 

Ao  do       2d  M., 7, '85... 

do  do       3d  M.,  8, 77... 

Cln..  Ham.A  Ind.7e  enar 

Cln.  A  Indiana,  let  M.,7 

do  do     2d  M., 7,1877.. 

Colnm.,AXenla,  Ist  M.,7, '90. 

Dayton  A  Mich.,  Ist  M.. 7   81.. 

do  do       2d  M.,7, '84., 

do  do       SdMa7, '88.. 

do  To'do  dep.  bds,7,'iil-'94 

Dayton  A  West..  1st  M.,  1881. .. 

Jo         do       Ist  M,,  19('5,, 

do  do       Ist  M.,  6, 1905. 

Ind.,  cm.  A  Laf.,  l8t  M  .,7 

do  (I.AC.)l8tM.,7,1386 

Little  Miami,  6, 1883 

Cln,  Ham.  A  Dayton  stock 

Columbus  A  Xenlaatock  . 
Dayton  A  Michigan  stork 

do         8p  c.Bt'kgua: 
Little  Miami  stock 

I,OITI8VIL.I.E. 

Louisville  68, '82  to '87 

do         68,'97to'9a 

do         Watel  68,  '87  to  '89. 
do         Water  Stock  68,  '97 

do  Wharf68 

do        speclaltHX  6s  of '89, 
Jeff.,  Mad.  A I.l8tM.(lAM)7,  '81 

do  do    2d  .M.,7, 

do  do    lat  M.,7, 1906.... 

LoulBV.C.&Lex.,l8tM.,7, '97.. 

lonlB.&Fr'k.,l8tM.,6,'70-'7S. 

do       Lont8V.Loan,6.'81 

L.ttNaah.l8tM.(m.a.)  7, '77. . 

do    Lon.  LoaTi(ni.8.)6, 'fif-W 

do         do      (Leh.Hr.)  6. '86 

do    l8tM.(Mem,Br)7,'70-'73, 

do    l8tM.(Leli.br.ex)7.'80-'66 

do    Lon.L'n(Lcb.br.ex)6,'93 

do    Consol.  lat  M.. 7,1893.... 

Jetferson..  Mad.  A  Ind 

Loular. ,  Cln. &  Lex., pref. 

do  do  common. 

LonlDvlUe  A  Nashville.. .. 

ST.  l,OTIlS. 

St  LOniB  6s,  Long  Bon<la. 
do  Watei  6s  gold.., 
do  do       do(new)x* 

do  Bridge  Approach  g.6B' 

do  Renewal  gold  6a ' 

do  Sewer  g.  68  (duc'9I-2-3) 
St  LouisCo.iiew  Parkg.68..' 

do         c'y,  78 " 

At  A  Pacific  guar,  land  grants 
do      2d  M.  (funded).... 

*  And  Interest. 


i:ov 
iiox 
un 

88 
106 
106 
106* 
106 
106 
10»V 
VW. 

88 

99 


111 
111 
110 
100 
107 
107 
IW7 
107 
107 
IIOH 
10; 
95 
101 


174      180 


1-20 

7 
31 

5« 
41H 

1115 
103  (< 
100 
103V 
102V 

95H 

97  H 

99), 
1(6 

87>( 
1(J6 

67 

97 
106 
107H 

%ii 

&'^ 
93 

93X 

106 
26K 


85 
85 

83 
85 
,«5 
50 
97 

'80 

•92 

'103 

■105 

101 

•92 

99X 
■102 
120 

90 

99 

94 
1(2 

81 

68 

72 
100 
101 

92 

83 

98 
•100 

85 

75 

68 

S3 

92 

48 

96 

41 
103 

93 


145 

9 
S2 

6 
42 
10 

107X 

107)4 

103 

104 

103 

ICO 

99 
ICO 
1117 

93 
107 

91 
100 
1(1 
108 

S6>4 

"V 
110 
100 

118 
27.',- 


69 

89 

74 

64 

19 

95 

83X 

8KJ4 

98) 

88 

88 

62 

"1 
4 


99V 
106 
105 
105 
105 
1('5 
102 
1(I3V 

20 

15 


87 
87 

loi" 

=9 
94 

1(13 
107 
103 

94 
103 
105 
1V5 

93 
1(11 

95 
1113)4 

S2)i 

90 

75 
VS 
103 

94 

90 
100 


70 
90 
98 

fO 
93 

42 
KM 
94 


89K 

69 


7U 
90 

71> 

(5 

9J 

>« 

«9 

90 

'9 

69 

88  J« 

82)4 

's' 

6 
32 


107  k 


12V 


November  20, 1875.] 


THE   CHRONICLE 


485 


GENERAL  QUOTATIONS  OP  STOCKS  AND  BONDS  IN  NEW  YORK. 
b  .  3.  Bond*  mnm  meti<n  Railroad  OtocJU  art  fuUtd  on  a  prevunu  page.    Price*  reprttent  ttu  per  etnt  value,  fehateter  the  par  may  bti 


Bid. 


■tat*  mmm4M, 


4*      •i.Moiit.AKnf'taB. 
te      li,AU.*Cbat.B^.. 

«0      U otUR.. 

AikaMMk.taBdcd 

4»       ■h.h.H.M  n.S.it'- 
«•       T>.  Mvitfhii  •  L.  R. 

S       «:Mte:o.*R.RlT. 

*a       K,  Ark. Ceai.  B.  ... 

OOWf  l»1». 


1i.M        

k,  •■don**.... 
XfoMbMd*.. 


^''rsr-^ 


SB 
10 
10 
M 
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iii' 

m 
m. 

IM 


McriiTtu. 


t 


Kallroad  Bonda. 

AlkMn  *  BMq..  IM  bond*. . . 
do          do      M     do    ... 
«d     do    ... 
*K1*.lKmort 
_               do           gvar.... 
Bv..C.BiVld**  MtaB.  Wli.1 
Cbi**D««t;«  »  Ohio  I*.  1*1  m..  ■ 
do            do       •xeottp 
Ckle*c«*  AHOB  ilBktiv  tud. 
do         do    IjtjWtt. 

JolM  *  OMCMO.  IM  BOrtl ! " ' 
LeaMauAko.,  Mm.. (Mr. 
BL  Loalh  JMk.  A  Cklc  ut  a. 
Chle«  Bar.  *  Q.  •  p.e.KtBi... 
do  to  eoaaol.  B.1* 

CMogo.  Rk.  tolaad  *  raette. 
do       S.r.lBclk.'M 
Oartrd  o(  IT.  J..  M  a..  ■•« 
do    I 


LcU(k*Wllk**li. 
AB.  Doek  *  lB*m 


iBprOTCkOBd*.. 


UaT^Mdi 
old. B.  1 


MO.  *  BC  Paa  M  a. «%  r.  D. 

la.aoid. ._ . 
M%<   do. 

MbILaIlS: 
lata.  I.*  D.. 
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IMa.C.#lf. 


lU 


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do         Cra**La.Mad< 
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MoTfaoBait.ia  aA.... 

S      5  fe-i*: 


N*a.*M.J«.l*Mi 


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iiss 


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114 
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ToL  A  ir«ba*ta,  IK  m.  extend. 

do  do     Itt  m.BtJ..dlT 

do  do       Mmort 

do  do       6qalpm*t  bdi. 

do  do       eon.  coQTert.. 

Hmnltwf  NtplM,  lit  mort... 
Qr«*l  Wostcm,  1st  mort..  1980. 
do  td  man.,  UM.. 

Qolaqr  *  ToMo,  1  It  mort.  IMP 
nttdoa  *  80.  lev*,  in  mort.. . 
L*tM«ll». Bl'B A  Mlu., mm. 
Hu.  *  Cantnl  MiMonri.  in  m. 
PeklaXlncoln  A  Dmiar,  in  m 
BoMon  AS.T.AIrUneinm. 
(In..  Lafuette  A  Clilc.,  in  m. 
D«l.  A  Bodron  Ctnal.  Ut  m.,  tl 

do  do  Wt 

i  do  do  l»r. 

I  do  do 

do  do 


Bid 


MM 


■!*K 

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i.oM  iiiMd  im . 


coop.  Tt,  UM 
Crag.  li.  DM 

UtBOtt..,.. 


MS    M 


9K 


114 


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do  •Inkliw  fuid. . 

Waatem  Union  Tel..  Um^OBp 

mac'llaaeona  Llot. 

lanfnf  yiiataWaiM.) 

uiilaa. 

AlkaiV.V.T.,<a. 

Brtklo  Water 

•e     rark. 

CklaiSea.laBg  data* 


nut. 

rlwteproTa 


dvmSwmi. 

Ctl7.d*a*B. 


DaaaEWMar  WorkaTa.: 
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AMhMaa  A  r.  Pwk,  ta.  COM.. . 
Ataatle  A  PaetlTEo.  h,  gid. 
Aicklaoa  A  Xaknaka.  I  p.  e. 
Rnr.  A  Mo.  BlT^Laad  a.  tL. 
do  do       fdg..do1k 

do       ll^dikL. 

S: 


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OatiSrMMdli.  ■oM.eoaT.. 


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do  la.laadgraal.Kld 
do  Ti.  do  nevjtid 
JO       g^».A«a. 


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m 


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T..  Law.  A  Oal.  IM  m.,  IM, 
..Irav.AB.  W.a.gM 

a  AlrlAiaM 

_>I10  A  fTJrtrU  7a.  gold 

dair  in  1*.  fold 

a  A  Teaat      gold 


MoalgMMrTOa.  . 


WowOrtaaiM 

do  eoaael.  <a 

do  beBda,Ta 

do  ■oMTa.qaarterl; 

Jo     ^     to  taaroadB,°ial 


Mo.  B..Ft.  S.  A  Gnlf  in  m.  10* 

no         do         ad  m.  lOe. 

N.  Raren,  Mlddlefn  A  W.7a.. 

V.  J.  Uldland  In  7s,  gold 

do  im« 

Xew  Jeriey  A  S.  Y. "»,  gold. 
H.  T.  A  Oaw.  Mid.  in  7i,  gold. 

do  do        ad  78,conT. 

North.  Pac.  in  m.  gold  7  S-IM.. 
nma)  a  A  Sonihwratern  BB.  * 

OawegoA  Rome  7a,  guar 

Peoria,  Fekln  A  J.  lat  mort. . . 

Peoria  A  Rock  1. 7a,  gold 

Port  Horon  A  L.  M.  7a,  gId,  en< 
Pollman  Palace  Car  Co.  atock 
do  bda,  8s,  4th  aerlea 
BoekTd,  R.  L  A  si  L.  1st  7t.  gld 
Bwii,.<>  •  »  ""wegp  7s. gold... 

8I00X  CltT  a  faciOc  lu 

SoBthem  Minn,  construe  M. . 

do  7s 

M.  Jo.  A  C.  Bl.  tst  mart.  lOe. . . 

do         do  9  p.  c. 

■•sdnakr.  Mans.  A  Nevark  7s. 
M.  Lonia, Vandalla  A  T.  B.  1st. 

do  do  2d,  goar. 

St.  L.  A  So'eastem  1st  7s.  gold. 
St.  U  A  I.  Mt.  r  Ark.  Br.)  7s,  g. 
SoBthem  Central  of  N.  V.  7s... 

Union  A  Logansport  7s 

Union  Paclllc,  So.  branch,  <a,  g 

WaUIII  Valley  1st  7s,  gold 

Weat  Wlaoonaln  ta,  gold 

Wlaoon^BTallagM 

•oatliorB  Soearltlea. 

t^nken'  Quatatm—.^ 

rtkTM*. 

Loalalaaa  new  ooaaol.  7s 

goatb  Carolina  nev  conaol.  la. 

§tSl»l:Vni 

do       fa,  I 


,5:S?r- 


do      10s.otlH« , 

do      lOa,  peaaloa 

ciTiga. 
AtlaatvOa.,7s 

'    Oa..7s',"boi>da'.!'.!' 

iBsioekta.„ 

>n.8.C..7a,i'.L.bda. 

8.C..fa 

aa.,7a,  bonds..., 

.'•eon  ti.lionda. ..!..'.!!!!!!! 

Masnphlaold  l>onda.<a 

do      Bewboada,<a 

do      •Bd.,M.AC.IiB.  , 

lioba*la.(eonpe.eB) 

do     lii.<eoapa.  on) 


do 


1»,oM 

IK  new , 

".  K.C..«a,goid.... 
do     ts,gold.... 

BAILBOAIM. 

Ala.  A  Chatt.  let  m.  a.^nd... 
Ala.  A  Teoa.  K.  Ut  Bidn.7s... 
do         do         MBOrt.7a... 

AUaalMAOBlf.eeaeal 

■•TaB'b 

Mock. 


do  aad. 
do  Mod 

Caiir^tMm. 


L  a.  >• 


•tock. 

Col.  A  A.  Ut  W.  IB- 
do      stock 

m  A  Harannah  as,  end 
J  A  Char.  1st  m.  iS 
A  Darlington  7s... 
.A  Oaoiglals.^ 

■•.  A  Vf.  «a,  and.  Tenn 

Taaa.  Va.  A  Oa.  iM  m.7s... 

do  da       Block 

OoetgU  ilH.7s 

do  stock 

Onenrllla  A  Col.  1a,gaar ..... 

do  do  1i.o«ti^,... 

Nacoa  A  BraaMTM  «Bd.  Ti... 

BwaBAABfaauSeaSr..  .. 

do  do      aadofaed.... 

lo  do      stack. 

aapMa  A  Uharlestoa  IM  IB. . 

J  a  do         ad7<.. 

0  do         stock . 

Il<a»kla  A  Little  Rock  lat  m.. 
glaafiitlipl  CvBtral  IM  n.  Ts. . . 
'  ^do  Idm.bs.... 

ATenn.  Irt  a.7s. . 
do    eonaol.  la. 
A  West  y.  Ut  as. 

Jo  do    IBOOOIC 

a  OBI.  A  KBfsala  Isi  M,  g 
obUaAOblosUrllDg.. 

do  do      do     cz  cartif 


imorLa.. 


do         to  stock 

H.  Orla^a*  A  Jacks.  1st  m 

do  do   certlf's  m.. 

K.  Orlaans  A  Opclona.  1st  m. »» 

llaabTllleA  Chattanooga  to., . 

Kectolk  A  reterabtug  Ut  m.  «s 

"^  do  do  Ti 

do  do         adra.ts 

Kortkaaalein.  A. C  1st  m.  a. . 

do  9dm.  ba... 

Oraaga  A  Alexandria,  IMS, a.. 

do  do         ads,  a. . 

do  do         ads,  ta. 

do  do         4tlis,M.. 

RIclun'd  A  Petersb'a  1st  m.  K. 

Bleb.. Fra'ksb'g  A  Polo. <*. ... 

do  do  conir.Ts 

Bleb.  A  Danr.  1st  consul,  la. . . 

Boatbweat  KK.  Ua  ,  1st  m. 

>.  OBrollaa  BH.  1st  in.  7s,  new. 

do  la 

do  7s 

do  stock 

Waat  Alabama  8a,  guar. 

raar  mi  a  oooroBS. 
Tenaeaaee  Buu  coapona,. 

Vf" 

"  '  001 


a 

M 
10 
10 

83X 

7k 
10 

u 

M 

71 
80 

» 

74 

so' 
n 


as 
too 

IS 


100 
n 

m 

W 


ID 

«   8 


n 


B7 

■ 

IM 
100 


m 
m 

M 

m 
m 

8 

a 
n 

W 

m 

N 

M 
« 

S 

! 

10 
n 

N 

{ 


466 


THE  CHRONICLE 


Ll<ovcmber  20,  1875. 


NEW  YORH  LOOA'.  SBOURrTEES. 


Bank  Stock  List. 


COIIPAKIXS, 

Marked  tliua  (•)  are 
not  National. 


America* 

Amurlcan  EzchttJiKe. 

Uowcry 

Bruadwiiy 

Bnll'ii  lloail* 

Ilutchcrs  &  l>ruverB  . . 

Central 

Criatliam 

Gtieiiilcal 

Citizens* 

City 

ijommerce 

Contlnunliil 

Cora  Exclianffo" 

Currency 

Ory  OoodB" 

KMtKlver 

Kloventh  Ward" 

Fifth 

First 

Fourth  

Fulton 

Gallatin 

Gcrmiin  Arnerlcan'.. 
German  Exchange*. .. 

Qci'mantu* 

Greenwich" 

Grant  Central* 

Grocers" 

Hanover 

Harlem" 

I'nporters'  &  Traders'. 

Irvlni? 

Island  Cltr  

liCatlier  \launluctrs... 

loaners'" 

Mannfctrers'&  Build.' 

Manhattan* 

MannL  ^  Merchants". 

Marine 

Market. 

Mechanics  

Mech.  Rkjf  ASBO'tion.. 
Mechanics  &  Traders.. 

Mercantile 

Merchants 

Merchants' Ex 

Metropolis"  

Metropolitan 

Murray  mil* 

Nassau* 

New  Vork 

New  rork  County 

N  Y.Nat. Exchange. . 
N  y.  Gold  Exchange- 
Ninth '... 

North  America* 

North  Blrci* 

Oriental" 

Paotac* 

Park- 

Peonies* 

PhenH 

Produce* 

Republic 

St.  Nlchnlns ; 

Seventh  Ward 

Second 

Shoe  and  Leather 

Sixth  

State  of  New  York... . 

Tenth 

Third 

Tradesmen's 

Onion 

"(Vest  Side* 


Capital 


Par  Amount 


s.ooo.ooo 

5.000,000 

250  tW 

1.00 1.  CO 

axi,c(w 

8U0/IC0 

2,000,»XI 

450,f«O 

800,000 

KSl.OUC 

1,000.000 

10,000X00 

1,900^)00 

i,ouoaoo 
)<ia,ooo 

1.000,000 
1)50,000 

ste.ooo 

160,U0( 

SOO.OOil 
5  000,000 

600.000 
I  500,000 
l00O,000 

2(0,000 

300,000 

loo.iai 

900,000 
1  000.000 

'100,000 
l..W!J,1.0U 

500.000 

101,010 

goD.ooo 

500,000 

2,050,000 

300,000 

400,000 

l,(l(K>,OOC 

2.000,000 

500,000 

600,000 

1,000,000 

3.100.1100 

1,000,000 

500,000 

4,(IOO.i100 

2','0,0D0 

1.000,000 

3.000,000 

200,000 

500,000 

500A« 

1.500,0(<1 

1,000.000 

iUO,<KB 

300,000 

422.70' 

2,000,000 

412,500 

1,800  000 

2.50.000 

2,000  JX)0 

l,01fl,000 

300.000 

300,000 

1,000,000 

200.DOO 

2,000,0f0 

l.OOO.OCO 

l.nOOJOO 

1.000.000 

1,500,000 

200.O0P  I 


DiTiniKDS. 


Periods.   187!    1874    Last  Paid. 


J.*  J. 
M.&N. 
.1.4.1. 
.I.A.I. 

Q-J. 
J.  ft  J. 
J.&.l. 
J.  4. J. 
ev.2inos 
.1.4  J. 

Q-K. 
.1.4  .J. 
J.  4  J. 
F.4A. 
J.  A, I. 
J.  4  J. 
.1.4.1. 
J.  4. 1. 

.iTa.i. 

M.&N. 
A. 4  0. 
F.4  A. 
M.AN. 
M.4N. 
M.4N. 
M.&N. 
J.  4. I. 
.1.4.1. 
M.48. 
J.  4.1. 
J.  4  J. 


J.  4.1. 
If.  4  A. 
J.  4. J. 
F.4  A 
.1.4.1. 
J.  ft. I. 
J. 4.1. 
J.  4. I. 
M.&N. 
M.4N. 
M.&N. 
.1.4.1. 
.T.&.T. 
.I.&.I. 
.I.&.I. 
A.4  0. 
M.&N. 
J.&.l. 
.7.4.1. 
J.&  J. 
.T.&.T. 
J.  4. 1. 
J .  &  .1 . 
.I.4.T. 
.I.&.I. 
Q-F. 
J.&.I. 
.1.4.1. 
J   &J. 


F.&A. 
F.&A. 
.1.4  J. 
.I.&.I. 
.I.&.I. 
J.  4. 1. 
M.&N. 
■1.4  J. 
.1.4.1. 
J.&.l. 
M.&N. 
I.*. I. 


12 
12 
12 

10 
7 


7 
11 
14 

8 
II '2-8 

8 

3 

7 

10 
20 


12 

3« 

9 
10 


It 
10 
'.0 

Va 
10 

9 


3 
12 
12 

S 
8 

I*' 
10 
10 

3 


Jolyl,'75...5 
Nov.l,'3.i...4 
July  1,  •75.  .6 
.lulvl,  ■73..12 
Sept.!.  "75. .5 
JnWl,'73...5 
luly  1,'7J...4 
■In  vl.*75...S 
Stpt.  ;.'li.i5 
July  1, '75... 4 
N(  v,t-'';5,..5 
Julys.  75.. .4 
.Ialy«.'75...4 
AUK.2,  ■75...5 
.Inly  1, '74.,  ■ 
.Julvl0,75.. 
Ja  y  I, '75.. .4 
.Inly  1,  7.1.3K 
.lulyl,-7.^.2H 
.Ittlyl.  IS....". 
.Illy  1,'7!;...4 
NOT.1,'75 
"Ct.  9,  •75..4 
Feb.  1, '71. 
Mayl,'71. 
May,  •.,'75..  t 
May  l,%5..1i 

.ru'yV,'*;5.'.'.6 
•Inly  1. "75.. ,4 
.Mcl..l,'15..4 
July  1, '75... 7 
July  1,'7J...5 


P»JO«. 


Did.   AKkd 


102  >s 

1^ 

1,61W 

366 
121 
MM 
131 


200 


..'nly  1."75...6 
FeLi.l2.'74.8X 
Jan.lO.TS...! 
Aug.  IU.'75.  .5 
July], '75. .3X 
Jnlvl,'75...5 
Inly  1, "75... 4 
July  1, -75... 5 
N'OV.  !,'73...3 
Nov.  1.'75  ..6 
Nov.  1,'75..4 
July  1, '75... 4 
•r«Iy  1,'75...4 
inly  I, '75  SM 
July  5, '75... 5 
net  l.To.  .4 
Nov.  10,*75..4 
luly  I, '75... 5 
luly  1,'7.^..7 
July  1,*T5.3>, 
.Mav,  '73... 5 
.iai..2, '75...( 
July  1, '75  ..I 
Julyl,'71.3>« 
JulTl.'75...(i 
Nov.l,'75...S 
In'y  1,'73...6 
I  ly  1.'75...6 
Jnly  l.'75.3K 
JulylS.'r-I.SJi 
Feb.  8, '75., 4 
A  US'.  9,  "75.  .4 
Julyl,'i5...3 
Iulyl.'7.'i...7 
Juy  I, '75.. .6 
Julvl,'75...4 
Sov.lO.'TS..  4 
Jan.a'74.2>4B 
July  l.'7.i-.  4 
July  ;.'7i...5 
Nov.  1.'73..5 
.Inlyt.'75...4l 


Sl)« 


100)4 


■12;^^ 

fS 


9i 


111 


loss 


VO'A 


m 

ICJ 


issw 


Gas   and  City  R.K.  Stocks  and  Bonds. 

[Quotations  by  Charles  Otis,  Ilroker,  47  Exchange  Place.) 


Gas  Comfaxixb. 


Brooklyn  O.hs  l.ightCo 

Citizens' Gas  Co  (Bklyn 

do  certlrtcates 

Harlem 

Jersey  City  &  Uoboken 

Miinhattan 

M.tronolltan 

do         certmcatea 

do         b  UiS 

M'ttual.N.  T 

Nassau.  Brooklyn 

do  scrip 

New  York    

People's  (Brooklyn) 

no  do       bonds 

■Westchester  County 

Certlllcates 

Honda  ..  

Williamsburg 

do  8'''"'n 


Par  Amount.: Periods. 


-1- 


100 


Ji  e  '.cker  st.tJt.  t'\itton.Ftrry—&xav.ii 

18 1  mortgage — , 

BroadiDay  tb  Seventh  Ave—Hod. 

Int  mortgage 

nrooK-li/n  di-y— stock 

Ist  mortRage 

Bro'tdwat/  (Jirooktifn)—itock 

Brooklyn  <fc  //«?((#?''« Pt— stock... 

1st  mortgage  bon'is 

•Jf,ntrat  I'l,  iV.  tfc  A'.  Alrer— stock 

Istmortguge 

M        do       

dirlitopher  <t  lenlh  A(r«d(— stock 
C *ney Inland  «fc  iirook^n — 1st  mort 
Vru  Dock,  h\  S.  ife/lrt«cry— stock 

1st  niortp:age.  cons'd 

Algh  th  A  pertM«— stock 

18 1  mortsiage 

KldHl.  A  (irnndStierru-tiotls... 

1st  morterugo 

Central  Cross  lown-  stock 

Ist  mortgiige ,. 

ninth  Ap«/jm«— stock 

Istmortgage 

iicuind  Avenue~itOQ}L     •  

1st  mortiage..... — 

20  mortgage 

3d  raortga«?Q 

C;i28.  Convertible 

fiixth  Anenut-  stock 

lit  mortgage 

third  ^!)enr/«— stock .. 

l»f  t  morti^age 

t"vnti/-ilUra  Street— tlocK 

1st  mortgage 


25;  2,000,000 
20  1,200,000 
...  SOO.OCO 
50  1,850,000 
20  386,000 
50   4,000,000 

V  00,000 

1.000,000 

500,000 

...    5  000,000 

25 1  1,000.000 

sno.ixx) 

4,000,000 

1,000.000 

800,000 
4«6,0OO 
53,000 
■21,1 «. 
1,000,000 
1000,000 


100 


50 


50 


A.4  0. 
F.&A. 
J.  4  J. 
J.  4  J. 
M .  &  S. 
M.  &  S 
J. 4  J. 


M.&N. 
Q-F. 
M.&S. 
F.&A. 


J.  &  J. 
J,&  J. 
J.&  J. 


Last 
dividend. 


July,  '75 
Oct.,  '» 
Apr.,  'la. 
^i-'g.,  '75. 
July.  '75. 
Julv,  '15. 
Sept20,'7b 


Oct.,  '15 
July, '73 

Miy'7.=i! 
July,    '72 


July,  '75. 


s"  July','  'Vo"  150  ■;; 

7      102kI.. 


Bid.  jAskd 


140 
170 


100    I 

130    i  ..  . 
]02H|..  .. 

ibi'xi'ioy 

lOj      ...  . 
lUO       105 


900,000 

6*1,000 

2,100,000 

1,600,000 

2,000,000 

300,000 

2OO,0(» 

4O'J,flO0 

1000      S'JO,000 


100 
1000 

50 
lOOU 
10  0 
100(1 
1000 

IPS 

laio 

10(1 
1000 

100 
1100 


1,161,000 
560.000 
600,000 
650. 010 
307,000 

1,'J00,000 
000.1100 

1,000,000 
203  .wo 
7.50*00 
220,000 
560,000 
200,000 
797,000 
167,000 

1, (■99.500 
S3O.0OO 
200,000 
150,000 
39!<,rW 
750,000 
250,000 

2,000,000 

2J»0,000 
600,000 
120.000 


J.  &  J. 
J.&  J. 
J. 41). 
Q— F. 
J.  &  J. 
J.  4  J. 


J.  4  J. 


F.4  A. 
M.4N. 


J.  &  J. 

C!-r. 

J?&D 
J .  4  .1 . 
J.  4  J. 
M.4N. 
A.&O. 


J.  4  J. 
Q.-F. 
J.4D. 
F.4A. 
A. 4  0. 
M.4N. 
M.&N. 
J.  &  J. 
(}-F. 
J.  4  J. 
J  &  J. 
M.4N. 


1880 
July,  7! 

I)i84 
May.";5 

1872 
July.  73 
0.t.,';5 

lS:i8 


1882 
1890 

"'isii" 

■May,  '75 
JulT,''75 

173 


My  '7 
i873 


Oct. ,'75 

1877 

1876 

1889 

1888 
Mny.'TS 

1890 
May,    '75 

1!;90 
July,'75 


Ok." 

160 
63 


lllD 

100 


72X 


70 
idO 
100 


too 

uo 


*Thu  comiui  thuwa  last  dividend  ug  ttoctt,  hIbo  date  of  nikturlty  of  tondi. 


Insurance  Stock  List. 

(Quotations  by  K.  B.  Bmi.»T.  broker.  65  Wall  atreet.) 


COHPAMXS. 


Adriatic 

jKtna 

Aracriean 

American  Exch'e 

Aml(y 

Arctic 

Atlantic 

Bowerv 

llrewerB'  &  M'lst'r*. 

Broa-lway 

Brooklyn . 

Cltlzijns* 

City 

Clinton 

Columbia 

Commerce  Fire — 

Commercial 

Continental..,,,,.. 

Kagle  

Kmpire  City 

ED.poriuiii 

Kxciiange 

Farragut 

Firemen's  

Kirenu-n'sFund 

Firemen's  Trust., . 

Gcbliard 

Gcrmaii-Amcr;caii 

Oermania 

Globe 

Greenwich 

Cuarunty 

Guardian 

Hamilton 

Hanover 

Hofl'raan 

Home 

Hope 

Howard 

Importers'*  Trad.. 

living....       

.Ictferson 

KlngB  Co.  (B'klyn) 
Knickerbocker.... 
Lafayette  (ll'klyn) 

Ijunar..    ; 

Lenox 

LonK  Island  (Bkly.' 

l.orfllard   

Manuf  &  Bnlidcrs*. 

Manhattan 

Mech.&Trad'rs' 

Meclianic8'(Bklyn) 

Mercantile 

Merchants'  . , 

Metropolit.in 

Montauk  (H'klvn). 
Nssaan  (B'klyn).. 

National 

N.  Y.  F.qnltaldc... 
New  York  Fire  ... 
N.  Y.  &  lonkcrs.. 

Niagara 

North  Klver 

Paoitie 

Park  

Peter  Cooper.  .... 

People's 

Phenlx  (B'klvn)  . 


Capital 


Par  .\mount 


2ii 
100 

Us 
100 
100 

•20 

so 

25 

lUO 
25 1 
17 
■20 
70 

:oo 

so 

100 
50 

iOO 
40! 

100 

lUi 

sc 
5; 

10 
10 

10>' 

101 

fit 

nC 
26 
110 
100 

«■ 
5( 

10( 
2f. 
60 
5( 

10' 
3(" 
2C 
40 
50 

100 
25 
5(1 
•26 

1110 

100 
26 
50 
50 
50 
fC 
50 
5(1 

&■. 
100 
IOC 

nO 

25 
2.-. 
ICO 
20 
50 
50 


Produce  Exchange  1  H'Cl 

llellcf -- 

Bcpubllc 

Kfalgewood 

Uesulute 

Rotgers' 

Safegnard 

St.Nlcholas 

Standard 

Star., 

Sterling 

Stuyvesant 

TraUcBmen's 

(Tnlted  states 

we«tcne*ter 

WintamsbnrgCltv. 


200.000 
200,000 
400.000 
HHOJXfl 

aco.ooo 

20('.000 
200,000 

ao.ooo 

200,0(0 
200,000 
153,000 
300,000 
210,000 
250,000 
300,000 
8(Xl,00O 
200/XX) 

1,000,000 
300,000 
200,000 
•200,i«0 
200,000 
200,OCO 
201,000 
130,000 
150,000 
200,000 

l,0(O.0O(! 
5flO.(X10 

20i'.noo 

•200,000 
200,000 
200.000 
150,000 
600,000 
■200,000 

3,(00.000 
150,000 
.'.00.(X)0 
200.(XKl 
200,000 
200,010 
1.50,000 
280,000 
150,000 
■200,000 
150,000 
200,000 
800.000 
200.000 
250,001' 
200,000 
1.30,00(1 
200,000 
200,000 
SOO.OOO 
200,000 
200,000 
200.000 
210,000 
200,000 
200,000 
600  .IW 
350,000 
200,000 
200,000 
150.000 
150,000 

1,000,000 
■.'(VVOU 
200,000 
300,000 
200.((0 
200.000 

aoo.fw 

•200,000 
2(0,000 
200,000 
200,000 
200.000 
20(1,000 
160,000 
250,000 
250.000 
'■so.orio 


.NKTBIIK 
PLCS, 

Jan.  1 

1875.* 


22,:;  7 

E4,-)39 
244,663 

68,'6< 
5,0!-5 

I5,4S6 
IOO,** 
390,375 
7,72! 
260,575 
240,41; 
2I2..t7a 
ijOD.SM 
166,W>7 

4<i,7.'i7 

27,  ns 

i2s,b;b 
eie.eoi 

4;4,OI9 

119,558 
•MX  6 
92,615 
94,133 
105,654 
31,306 
9 -,940 
IS.O.'H 
32-^5J9 
S9«,76l 
116,672 
325,^224 


DlVIDKNDS, 


IKI  iaV2  I37S  187)  Last  Paid 


43.007 
ri3,7il6 
t329,C9? 

go.diiS 
tS86,2Sl 

•2S,74I 
118,II'2 

77,712 

'.4,8i;l 
130,^>4l 
174.612 

80,264 
121,317 

83,445 

79.368 
169,447 

6;.'2.Sii 
115.712 
1S7.759 
315,753 
ra,IT9 

50,0(« 
151.863 

26,755 
1'2I,4;6 
2.M,.114 

S«,«I8 
3fl,«i5 
196,01 1 

20.5-29 
426,524 
r«,6iO 
350,139 
165,216 
211,514 
132,708 
536,-«l 

1'2,^(0 

4.H,05I  III 
101,(02    10 

68,877    .... 

30,m     Z% 
191.749   16 

90.597 
t6l.40S  10 
121,506  lioy 

78,^^0  1 10  ■ 

71,077  !lO 
165,3119  I  3 
l,33,9fC  14 
■24r,,S^25  14 
tl6S.r.011  10 
V56.fi90'l0 


■20    |20 

\r  'ilO 
I3X  I  6 
10    1  5 

10  ;io 


Jnly,  "75..! 
July, '73. .7 
Jlily,'7S..6 
July, '75.. 5 
July,  '15. .4 
luly, '73.. 6 
Julj.'75..6 
iuni','73.15 
luly,  *75.  .D 
Ang.,'73.I(' 
July. '73. '20 
Jniv'73..;0 
4ug.,'73.1(i 
Jnly, '75.  :0 
July,  '75. .' 
Jnly, '75.  .6 
July. '73.10 
July'TS..  f 
Ot., '71.15 
July,  •73  .7 
.Inly, '73.. 5 
July,  '75  IC 
Juiv,'73.7)i 
July, '75.. h 
lulv,'75..6 
July. '73. .6 
Avg.,'75..6 
July.  '73..' 
July, '73.  .r 
July.'7.-i..i(i 
Jan., '76.25 


i2 

U 

14 

10 

14 

14 

10 

10 

10 

10 

.July. '75. .5 
July,'75..!(- 
July.  '75.  f 
Ju  y,  "75.  .6 
July, '75.. 6 
July. •73. .5 
July,'73...6 
Julv, '75.. 6 
July.';5..5 
-ept.,'75..5 
July.'75.1( 
July,  '73. 1( 
July,  '73. If 
July, '75.  .5 
July, '75.. I 
Jnly, '75.. 
.July, '75.. I 
Jnly, '75.. 
July,  '75. . 
Julv, '76.10 
Jnly, '75 
July,  '75.  .6 
Jn^y,'75.1( 
.)Uly.'75..r, 
July. '75.  i( 
Jni  e,"75.10 
July, '75.. 6 
luiy, '73.10 
Aug. .'75. 10 
July.  "75..! 
July, '75..? 
Oi  t.,"75..6 
July,  '73.2 ' 
.Inl5,'7i.l( 
Ji'lv,'75.10 
Ju  V,  75.10 
Ju'y,  '75.  .5 
July. '75. .5 

10  I  Jnly, '7.3.  5 

11  :jnlv, '75..6 
iJu'y,  '75. .6 
|.Iuly,'75  .5 
(Aug. .'75. 10 
July,'7S.7X 
Aiig.,'75..6 
Juy.'75.ft.r 
July,'75.7). 
A«g.,'75  .6  100 
Jnly, '76,10 
Julv,  ■75.10 
July, '75.. f 
Aug  .'73.  .5 
Juy,'75.!0 


Bid 


Pbiok. 
Askd 


75 
B7.S 
160 

lus 
'75" 

107 
220 

V.O 

rm 

173 
170 
14.3 
bO 


120 
115 
130 

!!3 

117 

80 

my 

117 
140 


180 
176 


V.5 
SiO 


iro 

820 

ioi" 

175 
120 


r.o 

108 


125 
1V5 

■'90'  ! 

92Kj 

■■fo' 

175 
112H 

'117" 
115 


195 
80 
183 


90 

Its 


130 

170     

210       220 


tao 
100 

93 

tS 

110 
85 
185 
IH 

l-20' ' 

110 

1(5 


*  (iver  all  iiaiiuu.uis.  inetiidwr.:  re-'nsu-aiice.  rapicti  himi  pmni  scrip 
tSlork  dividends  of  25  per  cent  by  the  Hanover  and  WegtclicBtcr,  2J  per  cent 
by  the  Home,  and  iWi^  per  cent  by  tfie  St.  Nicholas,  have  since  been  declared  out 
of  above  net  surplus. 

CSty  Secnrltles. 
[Quotations  by  Danikl  A.  Mokax,  Broker,  40  Wall    Street.] 


Seui  York: 

Water  stock 1811-63. 

do        11151-57. 

Croton  waterstock. .1845-51. 

do  do        ..185^2-60. 

Croton  .\qnert'ct  stock. 1S65. 

do       pipes  and  mains 

do       reservoir  bonds 

Central  Park  bonds.  .185.3-67. 
do        do         ..1858-65. 

Dock  bonds 1K52. 

do        1870 

do        1'7S. 

Floating  debt  stock 1860. 

Market  stock 1865-68. 

Soldicrs'aid  fund 1863. 

Improvement  stock 1869 

do  10     ....1869. 

Consoliiatcd  bonds var. 

Street  imp.  stock^ var. 

do         do       var. 

N' W  Const,  lidrttrd 

■N\'e*t(he3ter  County 

Jei-sey  Vtlu-' 
^aterloan 1852-67. 

do       Ions .. 

do        1869-71 

Sewcra^'ebond! 1866-69. 

AssesBuient  bonds.  ..1670-71. 

Improvement  bonds  

Bergen  bonds 1868-69. 

Ttrooklun-  [Qiiotntlons  by  N. 
Local  Improvement — 

City  bonds ..  

do        

ParklKinde 

Water  loan  bonds 

r.ii.lgc  bonds 

■Wilier  Io:in. 

City  bonds 

Kings  Co.  bonds 

do         do    

Ail  Brooklyn  bonds  flat. 


'.e. 


Months  Payable. 


Feb.,  May  A^jg.&  Nov. 
do  do 

do  do 

do  do 

do  do 

May  4  November. 

Feb., May  Ang.&Nov. 

do  do 

do  do 

do  do 

Mav  &  November. 


Feb., May,  Aug. 4  Nov. 
May  4  Novi"U'ier. 
do 
do 
do 
do 
do 
do 


do 
do 
do 
do 
do 
do 


January  4  July. 

January  &  July. 

do  do 

Jan., May,  July  &  Nov. 


January  and  July. 

BxBxs,  Jr.,  Broker,  2> 

January  4  July, 
do  do 

do  <^o 

do  do 

do  do 

Qo  do 

do  do 

May  &  Ncvember. 
uo  do 


I'm 

Bid.  i 

1875-80 

96 

1875-79 

101 

1890 

6« 

1883-90 

M'iy. 

18M-191I 

Wi>. 

1831-1900 

:o9 

1907-11 

w;y, 

1S73-9S 

96 

lSn-95 

100 

l(i76 

9! 

1901 

109 

19C5 

105  \< 

1878 

101 V. 

1891-57 

1C9 

1876 

':oi 

1SS9 

101 V. 

1879-90 

10  Is. 

1901 

\\i 

1888 

102  >i 

1879-R2 

1I4>.. 

ltv6 

1  2 

l£'91 

1116 

1877 

?5 

1805 

9i 

1899-1902 

101 

1376-79 

102 

IS7(i-91 

101 

1»05 

;03K 

1876-1900 

102 

Wall  St.] 

1875-80 

1(2 

1881-95 

106 

191 3-^2 1 

IiP>! 

1903 

;!0s. 

I9I5 

no 

1902.i;«Vi 

1(3 

18S1-H5 

11 1 

1880-83 

117 

1875-80 

100 

« 

1(12 

1-7 
103 
103 
110 
10.1 

!.7 
103 

110 
ica 
102 

110 

1(2 
103 
lOi 
113 
,03 

lis 

11.^ 
107 

93 

97 
;i'5 
102 
105 
105 
105  V< 


104 

KB 

lllK 

112 

IIIH 

11'^ 

102H 

1(6 

1(1 


Hovnbr  20,  IsTd.] 


THE  CHRONICLE' 


487 


luDCstments 


AJ(D 


STATE,  CITI  AND  COBPOBATION  FINANCES. 


The  "  loTeaton'  Supplement"  la  published  on  the  laat  Saturday 

ofMcli  month.  Md  furaUhed  to  all  result  sobfleribers  ot   the 

CnaoxiCLK.    No  aingle  eopiea  of  the  Supplement  are  sold  at  the 

ofBe<>,  aa  only  a  aoiiieieat  number  ia  printed  to  supply  regular 

anbaeribera. 

ANNUAI.    REPORTS. 

BAlUaore  Jk  UUio. 
{For  the  y«tr  tuding  Sept.  80,  1875). 
Tlir  annual  mcetlnj;  of  the   atock holder*  of   the   nalllinore   & 
Ohio  Kailrnad  t'ompany  waa  held  tfaia  week  In  lUliimore. 

Prmideul  Uarrett  aubmitted  tfae  annual  report  of  the  President 
and  dircetora,  (or  the  year  ended  Sept.  iW,  1B7S,  from  which  we 
gather  the  following: 

KKTnUB  or  MAIX  8TIM  AND  BBARCllBH. 

The  aggregate  eaminga,  working  ««p>»aa».  and  net  reaulti  of 
the  main  litem,  inaludio^  the  WiocheeterA  Suaabur^,  the  Straa- 
bort;  &  Harrlaonburg,  the  \Vashin([tan  Couniy  and  the  Metropoli- 
tan Branch  roadr.  and  tlio  \Vaahinf;ton  City  &  Point  Lookout 
railroad,  the  Waablngton  I'ranrh  and  the  Parkersburg  Branch 
railroad*,  of  the  Central  Oltin,  Like  Krio  aud  Chicaj^o  diriniona, 
the  Whrelioi;  I*itLaburgb  &  Baltimore  and  the  Newark  SomprMt 
&  SuaitaTille  railroads,  were  viz.: 

Kualac*.  Expraict.  D-tdL  K«t£ini'c«. 
Mala  tlcm,  ladadlag  Ibe 
W  lackcelCT  A  Potoaar, 
WlBcb«atar  *  8lr«» 
knrK.  tlw  Sttaatbaig  A 
II  arrlioabant.  Ike 
Wafhlatum  Coaaty 
aad    Ike  M«(n>p(Uita 


WaakUfrtM  CI  it  * 

PototLoaluml  ILK  ...|l<^S|l.i:«  tr  |«,MI.«n  10     f M,1U.«M  n 

Waabiatloa  Baaack StlMR »  1IT.H»  « MMU  M 

PariuratanBraach..  ..  aiMU  «  MMiT  n  UI.W  17          

CrBtnlObfiiMitltiaa....  C«jn  ffl  MLII*  R  KM31 W             

I.tJu Bria DtTMoa RMB«I  Ctr^tM  M       lOt.tM  n 

CMoMlNvtaiaa HMM «  UMCMH  IM,MI  1«          

WhMHat  PIUabwA  * 

■aiewfeBaimr...  fT,**  IS  «T^  •       (n « 

'  StiaitaTlUaaaUnMl...  MUlt  «t  U>.m  «       r.«it  M 


DMtai  «««cli<  oa  l^kanbacg   knack  aa«  OfalaaTUbloaad 
Cklei(o  DlvtatMi S.'.W  M 

A  itfrraaaa Ugwaa aatahma.  »»l>Mtl  wtlk  Ma W „il.'M.*«lt 

Aa  >aawaa».  auM^aiW  wU  1«TI  «t Iitjtn  M 

Aa  lacretaa^  coa^arM  wiik  i«TI  ef t.MMM  B 

Aa  lacraaae,  eoainred  wltkUMor i.m.lU  7% 

BAVBSl'K  OK  TUB  MAI.S  WtlM. 

Th«  ezpeaaea  of  working  and  keeping  the  roada  aad  mirhintry 
i«  repair  amounted  w>  fit.  lr)l.!>T2  .jO,  being  SS-79  per  cent  upoa 
tba  earnloga,  ahowioK  an  inereaaa  of  t-71  per  e«nt  ooapare.!  wl\^ 
the  prerlou*  year. 

It  la  ahown  that  the  eamiaga  In  eompariaoa  with  the  flani  ya«r 
1474  bare  deeraaaid  fl,I79,77it  Sft.  and  the  working  eipeoaaa 
tvmm  70,  making  a  c  imparatlre  deereaae  in  tha  net  prollta  o( 
|«U3S3  8).  Comp«r«i  with  the  Oanl  y«»r  1873,  tba  ibenaM  of 
Mratatr*  Mag  |l,'»9,a»l  61,  awl  of  varU^  aBWowa  tl.tt*.. 
075  90,  ih«  deeraaae  of  aat  piofiu  aaeaata  to  tlOSjm  83. 
LOAxx.  sriiKino  rc.^oa  axd  ratrBBNKO  itock. 

Daring  tli'-  nar  t)i*-  remainder  of  the  flrat  mortgage  loan, 
rederaabt'  iraaorigloallT  |<.I2.S..V)0,  rlx  ,fH4O,330, 

haa  b«ra  I'..  ■.  mortgage  loan,  wlii:b  la   rcdr«inabu' 

In  1880,  tlw.-y«j  har?  bft-n  anitel^ated.  learing  fT79..10u  to  be 
paid.  Of  the  loan  radaemable  la  188.).  which  waa  originally  for 
f  .  '.-iftftft.  a^-rf^ooo  haTe  be«a  paid  la  aaUeipalioa.  leaving  to  b« 
.«I.7|0.000.  Of  tko  booda  ladoiMd  by  thr  lUlti- 
Ir^ad  O'Dpiay,  aadar  eaattaet  o<  Jaly,  lft>(,  of 
the  Notib wMtern  Virginia  Railroad  Oamiway.  dn*  la  I0^*>,  tha 
nriKiial  amount  hiring  been  $500,000,  9380,000  hare  been  antici- 
pate 1,  rsincing  th»  turn  unpaid  to  f  110,000. 

The  ainkin;  fund  for  the  payaieat  of  the   loan  of  the  city  of 
Baltimore,  which  wa*  originally  95XK)0,000,  locraaaed  dnriag  tha 
7oar  |00,£20  23.  maMog  the  payment  In  adrance  on  account  and 
a  rednetioa  of  that  loan  $1.7in.or.l  i1.    Th*  narmenta  on  aceoaal 
oJ  the  ainking  fuod»  for  tli.  >rllng  loan*  ilaa 

ia  1819, 1903  and  iSllC,  dm.  >^l«l   to  |40S7W 

whicb.at  ^  81  porpoaadaUrliag.  iiukai;3a^l.  ' 

Daring  the  ynar  ••8S.06B  12  of  tke  aaaoad  aarlaa  of  pref-riMl 
•mck,  beariag  laUreat  at  *ix  per  ceat  paraaaam  in  carrency .  hava 
baa*  laaaad  at  par. 

TIm  mflt  and  loaa  acconnt  abowa  aa  icBtaaau  for  the  naat  raar 
oftI,S7»,40««8.  '        ^^ 

The  aarplaa  iaad  of  tha  eonpany  on  tha  aOtb  Sept  Im;.';  waa 
$31MSjM8  88.  TheanUra  atortgage  lad«bl«la«ai  In  oirrencr 
aad  ■urllag  ia  ta8,7l6J84  68.  It  ia  ihaa  ahown  that  th-  ourpIiM 
faad.  MpraMUageapltal  derived  from  nM  oarnlaga  inrMted  in  lu 
branch  aad  lOUaHlag  roada,  and  in  the  great  laiproTomenta  that 
have  baoB  ooaUaaoaaty  cooatrueled  on  the  main  atem,  which  la 
not  rapreaeatad  by  elth»r  ttock  or  bond*,  neaeda  the  entire  mort- 
gage ladebt«da«aa  of  the  company  |.?,307.932  3.5. 

TOXNMB  ASD  PiSIKJIuni  TRAmc. 

It  ia  ahown  by  tha  raport  of  the  traaaportatioa  dapariment  that 
Ikaia  hu  baea  a  coatiBaad  axpaailon  ol  taaaaga  of  through 


f. 


merchandise  east  and  west,  viz  ,  from  7o'3.35t3  tons  in  the  preceding 
year  to  873,101  tons.  For  1873  this  traffic  was  040,305  tons  ;  for 
1873,657,009  too*,  and  for  1871,  435,380  tons.  939,140  Urrnls  of 
flour  and  7.313,930  bushels  of  grain  were  brought  to  Baliimore 
during  the  fiscal  year.  The  traffic  in  live  stock  has  oeon  93,700 
tona,  showing  an  increase  of  4,437  tons  over  1874,  and  of  6,040 
tons  over  1S73.  Tho  coal  trade  shows  aa  aggregate  of  1,073,037 
tons,  which  includes  153,193  tons  for  the  company's  supply.  The 
quantity  transported  for  the  public  is  1,519,889  tons,  showing  a 
decrease  compared  with  1S74  ol  355,739  tons,  and  compared  with 
1873  of  499,839  tons. 

The  passenger  earnings  exhibit  an  increase  from  $1,518,533  68 
ia  the  preceding  year  to  $1,613,339  31. 

This  result  is  particularly  satisfactory,  as  the  rates  during  a 
large  portion  jf  the  year  were  greatly  reduced  in  connec'.ion  with 
the  railway  conflict. 

TBE  WASaiNQTOy  BRANCH. 

The  earnings  on  this  road  were  $313,109  65, showing  a  decrease 
of  $iO,153  00  compared  wiiii  tho  previous  year,  of  $07,005  89 
compared  witU  isra,  an-i  of  $137,475  39  compared  with  1873. 

The  cipeadituri'S  charged  amount  to  $117,395  47.  being  for 
improvements  and  for  repairs  of  railway,  depots,  water  stations  and 
bridgaa,  and  for  pumping  water.  During  the  year  319  tona  of  ateel 
were  substituted  for  irou  rails,  and  81,54^1  crossties  were  used. 

Aa  atated  in  former  reports,  the  system  waa  adopted  by  which 
the  earnings  were  equitably  divided  upon  a  basis  requiring  all  the 
expenses  couorcied  with  trausportation,  the  repair  and  use  ot 
machinery,  and  o!  the  shopi  and  stations  of  the  company  in  B.ilti- 
more  to  tw  paid  by  the  main  stem,  the  expenses  of  the  road 
department  alone  Ix^ing  charged  to  lliia  road. 

The  partial  expenlltarca  charged,  deducted  from  the  revenue 
atated,  make  the  sum  of  $33'),874  IS,  showiog  a  decrease  of  net 
earninga  oompared  with  the  preceding  year  of  $31,414  77,  of  $')3,- 
139  71  oompared  with  1873,  and  of  $109,800  83  compared  with 
1872. 

The  report  refers  at  length  to  the  litigation  in  which  the  IT.  S. 
Saprema  Court  held  againat  the  company  that  the  one  fifth  of 
faiaa  ree^wd  ahonld  go  to  the  State  of  Maryland  ;  and  the  other 
■all  decided  in  lavor  of  ilie  com|>any   for  tho  difTerence   lietween 

Eld  aad  currency  paid  on  the  Maryland  Slate   loan  in   Ix>ndon, 
lag  $888,S30,  ana  looka  to  the  I.,egl8lature  to  adjuat  both  quea- 
UoMfklrly. 

THB''  WAB." 

It  U  believed  that  the  enormous  lo*aes  thrown  upon  the  raal- 
waya  of  the  couotrr  by  the  injudicious  assaults  made  upon  the 
Baltimore  k  Ohio  Company  will  raudi'  a  wiaer  policy  to  be  gener- 
ally adopted  and  maintained  in  the  future. 

Sadi  •xtremeirregalaritlea  and  rates  ao  unreraunerative  as  wera 
Boadlaaaly  made  have  imperilled  aueh  vaat  interests  and  injured 
•eriously  ao  much  railway  pn<perty  that  the  lessons  of  the  past 
year  should  not  fall  to  secure  hereafter  a  judicious  and  oooaerva- 
live  policy. 

With  the  numerous  improved  and  important  caanoctiona  recent- 
ly coaairuclad  and  aecurad,  a  larg*  increase  of  traffic  may  be 
taaaooably  espaetad  apoa  iIm'  restoration  of  the  buslneaa  of  the 
eaoatrv  to  ita  oomal  condiiiot).  With  this  pfbspecl,  comhioeit 
wlib  the  taoBOttlcal  advantages  arialng  from  the  comparatively 
low  price  of  labor  and  material,  it  haa  been  deeiii*d  judicious  to 
eooiinne  toealargethafaeilliiea  and  works  of  the  cnni|>any.  Pr^p- 
araiiooa  have  baaa  tbna  niaJa  by  wSich  a  greatly  increased  busi- 
aaoa  ean  hercaflcr  ba  efTecUvely  aud  eoooomically  done. 

rCBCHASK  or  BAI-TIMOBB'S  IBTKRBST  IN  <-0.<(»BLLSVII.LE  BOAD. 
On  the  17lh  of  June,  1875,  the  Ditltimore  &  Ohio  Company  pur- 
chase I  from  the  city  of  Baltimore  Ita  Interest  in  the  Pittaburgh  k 
Couaellavilla  Kallioad  Company  for  $1,000,003,  being  the  sum 
origlaally  loaned  by  the  eitv  ot  BaUlmore  xn  that  company.  The 
parehaan  money  la  to  ha  paid  aa  follows  :  $10,000  on  the  1st  day 
of  Jnir  In  each  year  after  the  year  1875,  until  the  1st  day  of  July, 
1000,  and  In  the  meantime  interest  Is  to  be  paid  ■emi-aaonally  on 
the  lit  day  of  July  aad  January  on  ao  much  of  the  amount  aa  may 
remain  unpaid. 

Ia  order  to  make  this  road,  so  valuable  and  important  to  tha  • 
eiliaa  of  Baltimora  and  Pittaburgh,  effective,  much  work  proved  to 
be  rvqalaite  lo  prevent  financial  embarrasamenta ;  and  to  aid  in 
rapidly  perfeetiag  the  work,  this  company  has  advanced  in  cash 
for  tba  PittsbBrgh  k  Conaellsville  Company  $;,0!<5,028  88.  The 
of  that  tine  is  now  i>eing  established  upon  a  permanent 
'_  rrangementa  are  being  perfected  for  more  Intimate 
ia  and  the  doseat  relations  In  working  with  the  msin 
atem.  Coder  the  piotioMd  organization  largely  improved  results 
nay  be  reaaonably  anticipated. 

THE  BVLTttfOHE  PITTSBl-ROa  *  CBtCAOO  BAILWAT. 

In  the  last  annual  report  it  waa  atated  that  it  wa.i  then  expected 
that  the  entire  rn«d  would  be  opened  in  Novemt>or  loiluwing.  The 
track  laying  on  this  line,  which  was  commenced  at  Kostoria,  July 
23.  1H7:<,  was  completed  from  Chicago  Junction  to  Baltimore  Junc- 
tion, a  distance  of  363  miles,  on  Nov  15,  1374.  In  order  to  insure 
safety  in  operating,  much  additional  work  was  dose,  and  the 
openiog  of  the  line  for  traffic  from  Dxahler  to  Chicago,  a  distance 
of  300  miles,  wsa  deferred  until  Dec.  3'!. 

A  large  amount  of  work  haa  breo  done  ontbeCiiicago  Division, 
aad  the  amonnt  expended  for  construction  during  the  fiscal  year 
la  providing  additional  facilities,  and  in  perfecting  this  line,  waa 
$1,366,014  00. 

In  order  to  organixe  an  independebt  line  of  telegraph,  and  thua, 
loatead  of  having  the  telegraph  service  a  source  of  large  and  con- 
stant expenditure,  to  make  it  a  source  of  revenue,  a  first-claaaline, 
with  two  wires  of  the  best  galvaniz'd  iron,  bai  been  built  upon 
tlia  antire  line  betwean  the  Lake  Erie  Divisioo  and  the  city  of 
Chicago. 


488 


THE  CimONICLE 


[November  20,  1876. 


ETansviUe  &  CrawfordsriUe. 

(For  the  year  ending  August  31,  1875.) 
The  earnings  showed  an  increase  up  to  July,  but  io  July  and 
August  there  was  a  heavy  falling  off  In  freight  resulting  from 
loss  of  crops  and  bad  weather,  which  also  damaged  the  road, 
causinif  a  heavy  expense  for  repairs.  The  old  rails  are  wearing 
out  fast  and  require  large  renewals.  During  the  year  300  tnna 
steel,  630  tons  oi  re-rolled  iron,  and  44,000  ties  were  put  in  the 
track  ;  much  bailastiutr  has  been  done.  Slone  piers  are  being 
put  under  the  bridge  at  Pigeon  Croek,  and  the  trestle  bridge  at 
Busseron' Creek  is  to  be  replaced  this  year.  Four  new  stations 
have  been  built.  The  main  track  through  the  Terre  Haute  yard 
has  been  changed  and  O.-'iOl  feet  new  sidings  laid. 

Tlie  total  expendi'.ures  on  permanent  account  during  the  year 
-were  $C9,966  48,  making  the  cost  of  the  property  at  its  close  as 
follows: 

Construction  (tl9.«61  per  mile) $2,6t2,«18  39 

Equipment  (♦4,«J  per  mile) 583  874  36 


Total $3,126,498  75 

Which  is  represented  as  follows: 

Common  stock  (|7,915  per  mile) $1,044,715  12 

Preferred  slock  (475S  per  mile) 100,000  00 

Bonds  0iUftaDding(J;8.n.')7  per  mile) I.p(i3.600  00 

Karnings  invested  in  road  (tO.'jSB  per  mile) 918,217  63 

ToUl  ($33,685  per  mile) $3,126,492  75 

The  work  of  the  road  for  the  year  was  as  follows : 

1874-75.  1878-74.  Inc.  or  Dec. 

Train  mileage 363,826  367,298  Dec.      3,472 

l'rcightcarraile«Ke 2,031,0.7  8,)88,11B  Dec.  454.079 

Passengers  carried lS6,'i79  132,864  Dec.      6,685 

Tons  freight  carried 211,000  229,000  Deo.     18,000 

The  average  car  mileage  per  freight  train  mile  was  15;   33 '15 
per  cent,of  the  car  mileage  was  of  empty  cars. 
The  earninps  tor  the  year  were  as  follows  : 

1871-75.  1873-74.  Inc.  or  Dec. 

Passengers $172,702  14  $174,525  57  Dec,    $1,823  43 

Freight 290,744  97  317,746  20  Dec.    27,00123 

Express,  mall,  iSc 27,41)193  1  a"  inK  ca  T„„             foo  no 

Eents..: 19;796  16f  4'>105  62  Inc.          182  28 


P.  c. 
0-9 

18-3 
60 
7-9 


Per  c. 
10 
8.5 


Total $510,735  21 

Expenses  and  taxes...    369,.309  14 


$539,377  59 
342,875  44 


Dec.  $28,612  38 
Inc.     26,413  70 


5-3 

7-7 


Net  earning $141,426  07 

Gross  carn'gs  per  mile.  $4,lri2  00 
Ket  earnings  per  mile.  1,150  00 
Per  cent  of  expenses..  72*31 


$196,502  15  Dec.  $o5,076  08  28-0 

$4,3S5  00  De-..       $233  00  5  3 

1,598  00  Dec.          418  00  280 

63-57  Inc.             8-74  :3-7 

A  summary  ol  the  income  account  is  as  follows  : 

Net  earnings $141,426  07 

Sale  of  real  estate 346  50 

Decrease  in  assets  and  increase  in  liabilities C6.681  01 

Total $163,453  68 

Interest $88,818  S4 

Sinking  fund 7,398  05 

Construction 42,633  81 

Equipment 27,2*i3  67 

Evansville  elcTator 5,600  00 

lucreasj  in  suppliej  on  hand 2,740  81— $168,453  58 


GENERAL   INVESTMENT    NEWTS. 

Alabama  &  Chaltanoog'a. — The  United  States  Circuit  Court 
has  extended  the  time  in  which  the  bondholders  may  accept  the 
terms  of  sale  to  June  11,  1876.  This  action  is  taken  in  order  that 
the  report  of  '.he  Special  Master  Commissiouer  may  be  received 
and  acted  upon,  and  the  whole  amount  of  indebtedness  fixed  be- 
fore the  Londholders  are  obliged  to  act.  The  report  will  be  pre 
sented  to  the  Court  at  its  December  term  in  Mobile. 

Atlantic  &  Gulf. — Work  has  been  begun  on  the  track  which 
IS  to  connect  tlie  Savannah  &  Charleston  road  with  the  Atlantic 
&  Gulf  outside  Savannah.  It  is  being  built  by  the  Atlantic  & 
Gulf  Company,  and  is  known  as  the  Junction  Branch.  Ihe  com- 
pany offers  for  sale  $30,000  bonds  secured  ou  this  branch,  to  pay 
for  its  construction. 

•  Atlantic  Mississippi  &  Ohio.— A  Washington  dispatch  to 
the  World,  November  16,  says:  The  London  agent  of  the  Atlantic 
Mississip])!  &  Ohio  Kailvvay,  extending  from  Norfolk   to   Bristol, 

■  Va.,  has  notified  their  English  bondholders  that  the  company  will 
not  be  able  to  meet  even  one-half  of  the  interest  due  on  the  Isj 
of  October  next.  The  cause  assigned  for  the  failure  is  the  genera 
depression  of  business.  General  Mahone,  the  President  of  the^ 
road,  is  now  in  London,  endeavoring  to  have  the  stockholders 
agree  to  the  funding  of  the  interest  now  due. 

Atlantic  &  Pacific  Railroad. — The  receivers  give  notice  that 
the  past  due  coupons  on  the  first  mortgage  bonds  and  real  estate 
bonds  of  the  Pacific  Railroad  of  Misaouiiand  ou  the  South  Pacific 
Kailroad  Company  first  mortgage  bonds  will  be  paid  at  the 
National  Bank  of  Commerce,  in  the  City  of  New  York,  on  presen- 
tation. 

Atlanta  &  Richmond  Railway. — A  number  of  the  first  mort- 
gage bondholders  met  this  week  to  listen  to  a  report  from  their 
committee  appointed  to  look  after  their  interests.  According  to 
ihe  Times  report  the  committee  reported  that  one  of  their  num- 
ber has  recently  been  over  the  road,  and  tliat  it  is  in  such  con- 
dition that  the  bondholders  will  receive  their  entire  principal 
and  interest  out  of  it.  They  recommended  that  the  judgment  of 
$3,0C0  held  by  the  Vice-President  should  be  paid,  and  askea  for 
this  purpose,  and  also  for  carrying  on  the  litigation  necessary  to 
obtaiu  possession  of  the  North  and  South  Carolina  portions  of  the 
road,  an  increase  of  the  assessment  per  bond  to  $6,  making  $8  in 
all.  Tliis  WHS  granted  on  motion  unanimously.  A  bondholder 
asked  whether  the  committee  had  not  received  a  proposition 
ftom  the  Pennsylvania  Railway  Company  to  stock  the  road  and 


run  it  in  the  interest  of  the  bondholders,  giving  them  its  earnings 
to  the  araouut  of  their  interest  after  the  road  should  be  put  in 
thorough  repair.  He  said  he  heard  such  a  proposition  had  been 
made  and  refused.  One  of  the  committee  answered  that  it  was 
not  true,  that  the  only  proposition  the  Pennsylvania  Company 
ever  made  was  a  month  ago  in  Judge  Bond's  office,  and  this  con- 
templated the  rescindicg  of  all  past  due  coupons,  the  funding  of 
coupons  up  to  1885,  and  their  possession  of  the  road  without  any 
promises  on  their  part.     The  meeting  then  adjourned. 

Bnffulo  Yalley.— This  road  was  sold  October  37  at  Sheriff's 
sale,  subject  to  a  mortgage  of  $.50,000.  It  was  bought  by  Pitts- 
burgh parties  for  $3,000.  The  road  runs  from  the  Pittsburgh, 
Washington  &  Baltimore  at  Qarretts,  Pa.,  to  Berlin,  ten  miles. 

Central  Pacific. — An  absurd  report,  originating  in  a  California 
newspape',  has  recently  been  going  the  rounds,  to  the  effect  that 
their  company  had  just  recorded  a  new  land  mortgage  for  $10,000,- 
000.  The  actual  fact  was  that  a  certified  copy  of  the  old  land 
grant  mortgage  was  sent  for  by  the  company  to  California,  and 
some  enterprising  newspaper  man,  seeing  a  copy  of  the  mortgage 
in  the  county  clerk's  office,  thouglit  he  could  make  a  good  "  item" 
— and  made  it. 

Chicago  City  Finances. — Comptroller  S.  S.  Hayes  was  recently 
in  New  York,  where  he  negotiated  a  temporary  loan  of  $1,500,000 
at  par  for  six  months,  at  7  per  cent  per  annum.  In  conversation 
with  a  Chicago  Tribune  reporter,  Mr.  Hayes  is  said  to  have  stated 
the  floating  debt  of  Chicago  at  about  $4,300,000. 

Des  Moines  Valley  &  Fort  Dodge. — A  meeting  of  first  mortgage 
land  grant  bondholders  of  the  Des  Moines  Valley  &  Fort  Dodge 
Railroad  was  held,  this  week,  a",  the  office  of  the  President,  Mr. 
Charles  E.  Whitehead,  No.  61  Wall  street.  Mr.  Whitehead 
referred  to  the  origin  of  this  company,  stating  that  the  road  from 
Des  Moines  to  Fort  Dodge,  88  miles  in  length,  was  eold  under 
foreclosure  October  15,  1873,  for  $475,000,  and  came  into  the  pos- 
session of  the  first  mortgage  land  grant  holders,  represented  by 
this  Company,  on  the  1st  of  April,  1374.  He  said  that  he  would 
have  money  to  pay  the  interest  due  January  1,  1876,  oa  the  first 
mortgage  bonds  issued  to  the  land  grant  bondholders  under  the 
reorganization,  but  that  the  money  was  imperatively  required  for 
repairs,  without  which  the  road  would  go  to  ruin,  and  which 
would  cost  about  $60,000  now,  besides  $30,000  yearly  for  main- 
tenance hereafter.  Ho  therefore  asked  the  bondholders  to  fund 
the  January  coupon  in  preferred  stoca.  The  meeting  consented 
to  this,  and  voted  to  fund  the  July  coupon  of  1877  in  the  same 
manner,  if  it  should  be  necessary.  The  meeting  also  ratified  the 
agreement  made  by  the  directors  with  the  Keokuk  &  Dee  Moines 
Railroad  Company,  by  which  they  were  to  have  joint  occu- 
pancy of  the  depot  at  Des  Moines,  and  were  to  be  given  a 
bridge  over  the  Des  Moines  River,  and  two  locomotives,  in  return 
for  $15,000  cash  and  $20,000  of  first  mortgage  bonds.  The  direc- 
tors were  autlirjrized  to  distribute  or  put  in  the  treasury  a  surplus 
of  $18,000  common  stock  remaining  after  the  distribution  pre- 
viously agreed  on. 

Flint  &  Pere  Marquette. — The  company  passed  the  coupons 
ou  its  consolidated  sinking  fund  eight  per  cent,  bonds  due  on  the 
1st  inst.  Arrangements  are  making  for  funding  five  of  the 
coupons  of  this  issue  into  bonds  bearing  interest  at  eight  per  cent. 

•Florida  Railroad. — ^The  Amsterdam  bondholders'  committee 
recently  issued  a  report  on  the  prospect  of  the  payment  of  the 
8  per  cent,  bonds  isi^ued  by  this  company  and  secured  by  the  rail- 
road from  Fernandina  to  Cedar  Keys.  The  report  was  decidedly 
discouraging. 

Franklin  Telegraph  Company.  —  The  stockholders  of  the 
Franklin  Telegraph  Company  met  in  Boston  this  week,  to  hear 
the  report  of  the  auditing  committee  which  has  been  examining 
into  the  affairs  of  the  company,  and  its  late  relations  with  the  At- 
lantic and  Pacific  Telegraph  Company.  The  attendance  was  not 
large,  and  tlie  report  was  unfavorable  to  the  present  manage- 
ment Statistics  gathered  from  the  treasurer's  books,  which  were 
found  to  be  generally  correct,  gave  the  following  result : 

Gross  earnings  for  3  years,  ending  April  30,  1S74 $743,336  .34 

Expenditures        do.  do.  do.     do 617,196  53 

Net  profit  for  3  years,  ending  April  30,  1874 $126. 139  81 

Or  aa  average  annual  net  profit  of  $42,046  60 

Gross  earnings  for  1  year,  ending  April  30, 1375 $290, 156  87 

Expenditures        do.  do.  do.      do 287,089  11 

Net  profit  for  1  year,  ending  April  30, 1875 $.3,067  76 

Gross  earnings  for  4  mouths,  ending  August  SO,  1875 $102,0.3  62 

Expenditures        do.  do.  do.     do 122,667  77 

Net  loss  for4  months,  ending  August  30,  1375 $20,644  15 

Assets  in  excess  of  liabilities,  April  30,  1874 $5,975  05 

Liabilitii'S  ii>  excess  of  assets,  August  31,  1875 41,037  17 

Expendedfor  line  repai  s  for  3  yeirs,  ending  April  30, 1874 7.5,587  28 

Bxpended  for  line  repairs  for  18  moiilhs,  ending  .\ugust  31, 1875. . .  69,607  64 

In  explanation  of  the  large  excess  of  liability  which  has  accrued 
since  April  30,  1874,  the  auditors  state  til  It  there  have  been  ex- 
traordinary outlays.  For  the  construction  and  purchase  of  new 
lines  there  has  been  expended  $39,435  83,  and  for  extraordinary 
repairs,  including  also  general  repairs,  about  $70,000.  The  latter 
item,  it  is  stated,  will  not  hereafter  exceed  50  per  cent,  of  such 
sum  for  a  similar  period,  or  $33,500  per  annum.  The  company 
leases  two  wires,  from  Rye  Beach,  N.  H.,  to  New  York  city,  to  the 
United  States  Direct  Cable  Company,  at  a  rental  of  £7  per  mile, 
or  $31,670.74  per  year,  payable  in  gold. 

Hannibal  &  St.  Joseph. — A  change  has  just  been  made  in 
tlie  list  of  directors  of  this  road.  The  new  directory  has  been 
arranged  as  follows,  with  W.  H.  Neilson  as  president  and  general 
manager :  H.  H.  Baxter,  D.  L.  McCready,  W.  H.  Neilson,  Allan 
Campbell,  Joseph  Richardson,  B.  F.  Carver,  J.  P.  Acker,  J.  Van 
Schaick,  Chas.  E.  Lowe.     The  first  five  named  are  new  directors. 


November  20, 1876.) 


THE   CHRONICLE 


489 


Illinois  Central.— The  Washington  despatch  o(  the  New  York 
Ttiifune,  JTor.  17,  alter  referring  to  the  adjustment  of  the  Uov- 
erament  claim  a^inst  the  company  by  the  payment  of  |ti3,lS8 
-ioMcad  of  $M,63S  a«  cliimed,  says :  "  The  Illinois  Central  autbor- 
iUe*  Ii«Te  the  patisfaetion  of  knowing  th«t  the  suit  bv  which 
tbar  Ksieted  the  parment  of  the  aasesament  apon  the  dividends 
deelarad  from  the  sa'les  of  land  saved  the  eompany  $37,125,  and  also 
diaeloMd  the  fact  that  they  had  needlesalr  paid  the  Qoverument 
^tiJBKM.  This  money  cannot  b«  recoTered  from  the  Treasury  by 
•Bj  proeaaa  of  law,  as  the  time  within  whi:b  it  mii{ht  lawfully 
be  refnnded  expire.-^  by  legfal  limitation  on  Jane  8,  1873.  The 
only  remedy  for  the  company  is  by  special  act  of  Congress." 

•  Keokuk  A  Kansas  City. — This  is  the  name  of  the  company 
which  has  offered  in  London,  ibroogh  the  "Cooperative  Credit 
Bank,"  a  loan  of  $3,500,000.  The  enterprise  has  been  openly 
dennnneed  by  the  London  Timet  and  the  Hour,  and  the  manager 
ol  the  bank, a  Mr.  Bichard  Bonner  Oakley,  Ireely  erilieised  as  an 
adventurer  and  scamp.  It  is  hardly  probable  that  the  English 
public  will  take  the  l>onds. 

Loaislaaa  State  Bond*. — The  following  resolations  in  regard 
to  funding  bonds  without  coupons  were  reported  by  the  special 
committee  of  thn  Funding  Board  and  adopted  : 

I.  Taat  tb*  a«*  bond*  b«  iMoed  at  the  rsgalar  toM-ino  of  the  board. 

t.  That  Ik*  eoopoM  froB  tiM  oew  boads  eorraspoodiag  wltk  the  mlwlng 
ooapMS  nom  lh«  old  beoda.  be  dstaeked,  aad  Hm  oM  eeuuoa*  cancelled. 

a.  Tbai  tbe  b«w  eoopna*  be  ea'sml  <m  tba  raeorta  of  Ike  board.  wlUi  a 
staf—eat  of  lb*  aaabar  aad  sarlas  of  lb«  old  bonds  for  tb*  rsdempUoo  of 
wboee  eoapoas  tber  an  bald. 

«.  naiaMaewaeapaasb«puahe«.aad  that  tb«r«  be  tadeiwd  on  the 
nrvats*  thmof  tba  aaaibsr  aad  sariM  of  tba  old  bond  foadsd.  aad  thai  ihsv 
tbta  be  Uod  la  the  oOaa  of  Ik*  Aadtlor. 

Tha  board  thea  procaeded  to  faad  f  111.154  of  old  bonds. 

Lomlsrill« Padaeak A  Soathwestora.— The  receiver's  nport 
Civea  Ibe  receipts  aad  d  •buraemenla  daring  the  moatb  of  Ucio- 
ber  aa  follows : 

laCSirTS  A>D  BXTBVMTCBSS  Mto  ooioasB. 

Ocf .  l-To  balaaes  aa  bind 

RMsMte  dattas  lb*  aoatk  f raa  uatioa  ac«Us. 


Street,  on  the  13th,  to  receive  the  report  of  the  committee  on  form- 
ing a  through  line  from  New  York  to  San  Francisco.  This  report 
was  adopted.  It  was  signed  by  C.  K.  Qarrison,  C.  G.  Fraucklyn, 
and  John  M,  Burke,  and  the  important  parts  of  it  are  as  follows: 
"  Your  committee  are  of  the  opinion  that  the  interest  of  this 
company  would  be  promoted  by  its  ownincr  and  operating  steamers 
nfcessary  to  run  a  tri  monthly  line  lietween  New  York  and  San 
Francisco,  and  a  line  from  Panama  to  Central  America,  which 
would  require  steamers  as  follons: 

Bctnrcen  Niiw  Vork  and  AsDinwall s  iteamers- 

BetweoD  Panama  and  San  PrancUoo 5  steamers- 

Between  Faaama  and  Central  America I  steamer*. 

ToUl lOsteamers. 

COST  or  LIKE. 

8  stfaoMr*  to  form  the  thronzh  line  between  New  York  and  San 

f  ranelsco.  at  aNinl  •tSS.OOO  each $2,4C0.000 

t  steamers,  Panama  to  Central  America,  at  •iOO.OOO  each 4CO,000 

10  tteanen.  t'.SOO.OOO 

"  We  estimate  that  the  steamers,  in  a  round  trip  between  New 
York  and  San  Francisco,  would  receive  each  round  trip  at  least 
$100,000;  total  ezpensee  not  exeeeding  $50,000;  net  profit  each 
round  trip,  $50,000.  Three  trips  each  month  would  give  an  esti- 
mated profit  of  $150,000,  or  per  annum,  $1,300,000. 

"  In  conrlui-ion,  your  committee  would  recommend  the  adoption 
of  the  followini;  resolutions  : 

"JUtolad.  That  ■  committee  cnnslsllnie  of  Messrs.  Oarrlsoif,  Franckljm,  and 
Bark*  (lo  which,  on  moilon.  the  President's  name  was  added)  be  appointed  to 
•Btar  late  a  ooatract ,  or  cnntr*'. t->.  for  the  purchase  bjr  this  company  of  ship* 
to  makea  tri-monlh])  line,  in  connection  with  the  rtilroad  of  this 


*i5,t:«M 

710  n 

Msaslpts  ft—  soadry  Individuals  and  rwpinlsa. _     MIS  W 


Teial. 


■ad*  far  aadl'ud  Voockars  aiiid  BrpisMbw  pqr-R>lia! '. 


^     nallj  prolstis 

Ifeay  an  asBiljr  all  owned  Iqr 


.  |«,:00  7* 

.  adiT  01 

.  |i8.«i  n 
Xoatemaeiy  A  Eafliala.— In  pursuance  of  the  deere*^  of  the 
Ualtad  Suiea  « Circuit  Court,  Ibis  ruad  is  to  be  sold  at  Mobile.  Dec 
6.  Tbe  tarma  of  sals  and  paymeat  are  aa  follnwa:  "The  said 
propertr  cannot  be  sold  for  la«i  thac  $400,000.  in  eaah,  parable 
on  tbe  day  of  sate,  aad  sabiipet  to  the  Ilea  of  a  first  mr>riKa;;e  on 
tha  aame  amounting  to  $ljk0fi00,  with  aeeroed  interest  du9  and 
unpaid." 

N«W  JerM7  Ki^laML— A  new  plan  of  reorgsniaatlon  is  ofT^red 
by  boadboldara  who  oppoae  the  "Baleatier"  plan,  and  they  sum- 
marisa  iu  advaatafaa  aa  follow* : 

Mrsfc— Ke  Mannp  ■bsad  of  aan. 

•"■sd.    Tb*  >sa<ksld»s  ahrars  seatisl  ibe  irapOTtr. 

mM- Ws  bav*  BMT  boada  tar  balk  priaasalaadlalmst  da*. 

#bwil.-W*  piaiMa  sislast  aar  tatan  dslaail. 

'VU.-Tbs  sarlas  *r*  «Mribai*«  tiasdlatsr 

MHft  — Tba  tanaal stock  la  Ik*  Int  aarliMB 

Boedboldata  approviag  are  rsqaaalad  to  alga  tba  agrvemeaia 
aad  aaad  to  Alazandar  Mala,  No.  laS  Broadway. 

New  JerMjr  8Mtk«nb— Tba  aaaoal  elaelioo  of  Directors  waa 
held  at  Loag  Braneh.  NoTataber  17.  aad  the  followine  weia 
•l*etad  :  8.  M.  Mills.  New  York  :  Uoo.  Nebemiah  Parry.  l,floa 
Abbott,  Kebert  Keooie.  David  P.  Patunon.  Abraham  Browning 
IIoo.  J.  P.  Stockton.  E.  C.  Taylor,  N*w  Jaraay  ;  C.  J.  OsbornaL 
Xaw  T-rit  ;  Rdwin  Eldridge.  Elmlra  ;  H.  H.  Crook.  Laroy,  N  Y  • 
C.  W.  Uaatlagtoa.  Bocton  :  H.  W.  Ratbbooa,  Bloilim. 

New  York  *  Caaada.— Tba  prladpal  omean  of  tha  Delaware 
•  Hndaon  CVnal  Company  and  a  Bomber  of  prominent  railroad 
■aa  aad  Baanciers.  have  joat  made  a  toor  over  the  New  V>.rk  It 
fliaada  Bailroad,  which  will  ba  formally  thrown  open  for  I  uai- 
aaai  on  NoTembar  29.  This  line,  which  ta  laaaad  by  tba  Delaware 
k  Hodaoa  Canal  Company,  ia  a  oiasoltdatloo  of  tba  Montreal  & 
Platuburgh  Railroad  and  the  Wbltahall  k  Plattsburgh  lUilroad 
It  extends  from  Whitehall,  N  Y  ,  totheCbnada  line,a  dlslanre  oi 
114  iBllea,  with  a  branch  from  Platiabargh  to  Ausable  30  luilee 
ia  laagth. 

Paelle  of  MiaMWL— A  letter  to  tba  Be  Loaia  lUpiMican, 
flWB  New  York,  Novembar  lO.olgaed  J.  H  F.,gave  tbe  folliw- 
lag  llet  of  tba  largaet  owaar*  of  Um  ebaraa  in  this  city 


eoaimBy.  between  New  York  and  Sao  Francisco,  and  •  line  twtween  Panama 
aadCeairsI  Araerloa;  botaornchc  nirset  to  be  blndlnj;  on  this  compniv 
■atll  tbe  aims  Is  latlSed  by  the  Board  of  Oirrciors  after  the  same  Is  drawn  up 
iafonn. 

"Jfcanfmf.  That  this  company  will  b sne  its  bonds,  and  secnre  tbe  fame  bv 
lanHum  w  Iu  proper y,  la  tb*  amoaat  of  14.000,000,  payable  $40aooo  on  the 
■ntdtyof  Jasnary.  :SiO,aod  t4J0,000  eseb  1st  of  Jaanary  beieaficr  aotil 
tk*  wiwi*  Is  paid :  raid  boadj  to  boar  Interest  it  the  rate  of  7  per  cent  per 
aaaoai.  payalila  lo  United  ttutc*  legil  tender  carreucy,  at  the  offlce  of  the 
Maaaiey  (a  the  Uliy  of  New  York. 

"AasMstf,  TMs  rsaalaUoa  skall  not  be  la  force  netll  after  a  contract  is  cnn- 
dadsd  for  the  parehaa*  d  tk«  siaamen,  or  a  portion  of  ihem,  mentioned  In 
tba  Int  raeul^pon." 

A  suit  Isaa  be«n  commenced  against  tbe  Panama  Railroad  by 
parties  probably  acting  in  tbe  interest  of  Pacific  Mail,  to  procure 
an  injunction  forbidding  tbe  Rallrnad  Company  from  purchasing, 
building  or  running  ateamart,  and  a  temporary  injunction  is  mean- 
while granted. 

Tha  complaint  rrcites  that  the  defendants  claim  have  the 
power  of  "  purchasing  and  navigating  such  steam  or  sailing 
Tease's  aa  may  be  proper,  or  convenient,  to  be  used  in  connection 
with  tbe  Mtid  road,"  while  the  plalotifT alleges  tbe  authority  given 
is  that  aimply  of  purchasing  and  navigating  sneb  steam  or  sailing 
veascis  a*  wonld  enable  the  company  lo  eoavev  freight  and  paa- 
aaegera  lo  and  from  ocean  steamers  aad  reasnU  at  the  ports  to 
which  tbe  railroad  runa. 

Backford  Eeek  Island  k  St.  Lonla.— Mr.  OsUrberg'a  bid 
oo  tbe  sale  of  ibt*  road  waa  $l,:{iO,000.  and   of  this   he  paid  the 

S 00,000  eaah  required  br  the  terma  ol  the  sale  and  also 
400,000  in  bonds,  which  are  to  ba  taken  at  a  pro  rata  valua- 
tloa.  Ha  proposed,  Nov.  I,  on  tbe  motion  to  am  firm  the  sale, 
to  pay  $M0,000  more  In  cash,  and  asked  the  Conrt  to  confirm 
t^a  sale  aad  la  give  him  until  Dec  15  to  pay  the  balance  of  the 
aoaay,  aboat  $300,000. 

Tba  Court  dadded  to  confirm  the  sale  conditionally,  and  or- 
dartd  that,  provided  Oaterberg  paid  la  by  Nov.  6  tt50,000  In 
addition  to  tbe  $200,000  cash  aad  $4;MO,000  bonda  already  paid, 
Iba  Reeeiver  should  daliverpoaaoasioa  of  tbe  road  to  him  with 
all  tbe  racelpta  from  Nov.  1.  Mr.  Oiterb*rg  is  to  retain  poasee- 
■ion  •ot)ject  lo  further  order  of  the  C<iurt,  and  if  he  pays,  on  or 
before  Dec  i.V  tbe  balance  due  on  hie  bil,  together  with  such 
sums  expended  by  Ibe  Receiver  as  the  purchaser  shall  l>e  ad- 
Judtfed  liable  to  pay,  tlien  the  rale  shall  stand  absolutely  con- 
Armed,  and  the  master  will  give  a  deed  of  the  pro(iertr. 

— Wm.  11.  Ferry,  receiver,  reports  the  business  in  October  a* 
(bllows : 


Sept.  lO-BalaDeaoa  haad. 
RMelpU  la  October 

tatMl 
Paja.au  la  beiobcrV.'.V.'.'^ 


■      «»,«W«1 

ti04,an  so 
si,«M  n 


Fca 


*, 

1710 


Cbaa*  *  Atttaa 

11.11.  Mill* , 

Tba«.Ow«as ..., 

TiMsaa  A  OUtaaple. 

AadrawPkliea 

W.T.BstafcAtaa.. 

iarOaaM. 

■■islback. 


iS 


*Ob, 


1,100 

...    (.im 

. •••.  1,100 


B.V.Wbll* 

LsMui^SksMaaAOa. 

w  aJmSS! 

whitoBsei  di::.;: 

▼aa  SchalckACo 

W.  A.  Cowdrr    

Oampball  *  Akbiaaai 

v.r.Ui 


m.L.1 

H.  H 

A.  T.  rioat.. 
H.  T.  Vail. 


Ca.... 
Oo.. 


TMbI 


osno 

I  SiUlTMi-Paeile  Mail  S.  B.  Cfc-^e  directors  of 
the  Paaama  Ballraad  Oompaay  met  at  thalr  offlce  in   Nasaaa 


oet.ii ..  gu.snn 

^ta/nu  *  Drlaware  Bay.— So  much  of  this  road  aa  lies  in 
NeoM9Mii*  County,  Del.,  about  1^  miles,  was  sold  recently  at 
sbarlff'n  sale  under  an  exeention  for  debt,  and  waa  bought  br  8. 
M.  Mills,  of  New  Tu.-k.  for  $3jm. 

Hodna  Polat  k  Sonthern. — This  road  waa  recently  sold  under 
forecloanre  of  mortgsge,  and  was  bought  in  on  l>ebalf  of  the 
bondholders,  who  porpoae  holding  and  working  it.  It  is  thirty- 
four  milea  long,  from  Sodus  Point,  N.  Y.,  on  Lake  Ontario,  to  the 
Horthern  Central  at  Stanley. 

Sonth  Carolina  Bonds.— A  pr>sa  dispatch  from  Charleston, 
8.  C,  November  13.  says:  InlormatI'  n  having  reached  Columbia 
that  a  report  prevails  In  New  York  thst  the  now  consolidated 
boods  of  South  Carolina,  which  were  Issued  In  exchange  for 
•oapons  alleged  to  have  lieen  fraudulently  outstanding,  would  bo 
repudiated  by  the  State,  the  Qovernor,  Comptroller  General  and 
Slate  Treasurer  authorize  the  contradiction  of  the  report,  and 
espreae  tbe  belief  that  no  such  purpose  ia  anywhere  entertained 
or  can  be  legally  accomplished,  even  if  desired. 

fltorlagOeld  Dacator  k  ladlanapolis.- Articles  of  consoli- 
dation have  l>een  filed  Ixtween  thia  company,  which  is  successor 
to  the  Indiana  &  Illinois  <  entral,  and  the  Indianapolis  Decator  k 
Springfield,  a  company  recently  organized  in  Indiana.  Tbe  name 
of  tbe  new  company  is  the  Indianapolis  Oecatar  k  SpringSeld 


490 


THE   (milONlCLE. 


[November  20,  lb75. 


Railroad  Company.  The  capital  stock  is  to  be  $500,000.  Tlio 
agrepinent  provides  for  tlie  execution  and  delivery,  upon  demand, 
ot  all  its  first  mortgage  bonds,  amounting  to  $1,800,000,  and  its 
Brcond  mortgage  bonds,  amounting  to  $2,850,000,  according  to  the 
tenor  of  a  former  contract  of  the  Indiana  &  Illinois  Central. 

TlloCailroad  "rool."— A  special  to  the  N.  Y.  I'imin  dated 
Chicago,  Nov.  17,  says  that  another  couference  of  the  MichiKan 
Central,  Lake  Shore  &  Michigan  Southern  and  Pittsburgh  Fort 
Wayne  &  Chicago  Hiilroads  was  held  on  that  day.  Mr.  W.  C. 
tjuincy.  General  Superintendent  of  the  Chicago  Division  of  the 
Bttllitnore  &  Ohio  Kailroad,  was  present  and  stated  that  althougli 
the  Baltimore  &  Ohio  had  not  joined  the  existing  combination,  it 
was  the  intention  ot  its  managers  to  net  with  it  in  endeavoring  to 
maintain  remunerative  rates  between  this  city  and  the  East. 

The  exact  character  of   the   present   combination  between  the  | 
Kastern  lines  is  as  follows:  The  pool  is  composed  of  the  Michigan 
(Central,  from  Chicago  to  Detroit,  and  all  its  connecting  roads;  the  I 
Lake  Shore  &  Michigan  Soutliern,  between   Chicago  and   Buffalo,  i 
and  all  lines  under   its  control ;  the   Pittsburgh   Fort   Wayne  &  j 
Chicago  Uailroad  and  all  connecting  lines  under  its  control.    One 
ball  of  the  gross  earnings  from  all  business,  local  and  otherwise, 
over  each  of  the  ro.ids,  is  to  be  retained  to  cover  operating  expenses, 
the  remainder  to  be  pooled  on  a  basis  of  the  comparative  earnings 

of  the  various  lines  during  the  years  1873  and  1874.    The  compact 

under  which  the  combination  is  made  is  to  remain  in  force  for 
two  years,  and  any  road  desiring  to  withdraw  will   be   corapellei 

to  give  six  months'  notice  of  its  intention  to  do  so.    U  is  the  further 

intention  of  the  pool  to  combine  as  far  as  possible  the  varions 

agencies  of  roads  into  one,  and  in  every  manner  possible  reduce 

operating  cxpensop. 

With  regard  to  an  increase  on  the  freight  rates  at  present  in 

force,  it  is  announced  ofllcially  that  no  increase  will  take  place 

previous  to  December  1. 
— The  advance  in  freight  rates  by  the  trunk  lines  from  New 

York   to   the  West  went  into  effect  November  15.     It  has  been 

mado  on  a  basis  of  75  cents  to  Chicago  for  first  class  freight,  whicli 

is  50   per   cent,  higher  than   the   schedule  rate  of  the  past  few 

months.     W  ith  the  present  increase  the  rates  do  not  differ  from 

those  of  one  year  ago.     The  following  is  the  schedule  of  rates 

to  some  of  the  principal  points  of  shipment: 
Firs;. 

Chicago.lll 75 

Cincinnati,  Ohio 70 

Detroit,  Mich  53 

Inclitiuapoli?.  Ind 7t 

^oui^villc,  Ky 86 

Milwaulcce.  Wis 75 

Memphis,  Tenn ISO 

St.  Louis.  Mo 97 

Toledo  Wabash  &  Western.— A  meetinjr  of  stockholders  was 
held  this  week  to  hear  the  report  of  the  Special  Committee  of 
stockholders,  appointed  at  a  meeting  some  montiis  since.  The 
committee's  report  was  read,  stating  that  they  had  held  confer- 
ences with  the  committee  of  gold  bondholders,  but  without  coming 
to  an  agreement.     The  report  says: 

Your  comraillee  recoi^nizod.  nt  the  etirt.  the  nccossity  of  a  contribntion  of 
ironry  on  the  part  of  tlic  stocklioldere,  and,  in  every  Bcherae  prepenved.  a  pay- 
ment in  instalments  of  from  $7  50  to  $10  per  share,  or  from  $1,200,000  to 


Second. 

Third. 

Fourth. 

Special 

70 

60 

45 

35 

ti4 

5J 

39 

31 

40 

42 

32 

35 

M 

57 

43 

31 

81 

71 

55 

41 

70 

60 

45 

35 

1!0 

95 

78 

57 

91 

79 

6! 

49 

tl,>iOO,000  has  been  contemplated  ;  but  your  commltico  have  8llpiilat''d  th»t 
th  s  contrlbiiilon  shonid  be  in  the  form  of  a  Biibsoiipllon  to  Income  bonds  or 
prefu'rod  stock,  holdirm' that  for  new  Cipilal.  which  would  be  applied  to  the 
reduction  of  debt,  the  stockholders  were  entitled  to  a  secu:ily  In  its  place. 
The  committee,  ropresentinj,'  holders  of  gold  bonds,  were  uiiwlilinj,'  to  concede 
this,  an  I  furlhermcre  urgod  the  contribution  of  $M  per  share,  or  #.), 40:1,000.  or 
tlie  contribution  of  :^n;  jier  share  and  a  surrend'-'r  of  one-half  of  the  stock.  In 
the  proposed  contributum  of  t'iO  per  share,  the  I'old  bonds  would  be  paid  off 
at  the  ra!e  of  sixty  pT  cent,  while  in  the  proposition  to  pay  one-half  of  this 
amount  and  surrender  one  hall  of  Ihestocic,  the  holders  or  the  gold  bonds  sold, 
aniountlDi;  to  t3,-'JO>3,000,  would  receive  tliat  stock  lo  full  satisfaction  of  the 
diibt. 

It  may  be  proper,  at  this  point,  to  state  that  the  Eondholdcrs' Committee 
con-ider  it  Indispensable  to  Bell  out  the  property  under  foreclosure  in  order  to 
re-arranj?e  onerous  leases  and  unequal  e^mtracts.  This  step  has.  therefore. 
been  coutemplated  in  all  th-s  negotiations,  your  committee  not  conslderi..g  it 
THicessary  to  object  to  foreclosure  if  the  stockholders  coii'd  again  b  -co.ne  the 
holders  of  the  fee  in  an  equitable  re-adjustment  of  the  property.  After  a  sile* 
us  contemplated  by  the  gold  bondholders,  the  bonds  h.-ld  under  prior  mort- 
gages won'd  amount  to  $17,099,000,  e.xclusivc  of  $60 ',000  of  equipment  bonds. 
The  holders  oi  equipment  bonds  claim  a  right  lo  exchange  th^ir  bon  Is  for  the 
eonsolidsted  mortgage  bonds,  which  claim  must  be  settled  by  the  courts.  If 
these  bonds  are  included,  the  mortgages  wonldamonnt  to  $17,699,000,  while  in 
its  present  citidition  the  debt  is  $il,-«)i,000,  exclusive  ot  overdue  coupons. 
The  debt  of  the  leased  lines,  and  the  interest  paid  j^dntly  with  other  ronds, 
would  swell  the  totaUo  $25,600,0^0,  on  which  interest  is  now  piid,  or  should 
be  paid.  •  *  *  •  The  gold  bonds  are  secured  by  a  fourth  mortgaga 
on  a  large  part  of  the  trunk  line,  a  third  mortgage  ou  a  small  portion,  and  a 
second  mortg.ago  on  the  Decatur  and  East  St.  Louis  division. 

Kesiilutioni:  were  finally  passed  appointing  Messrs.  O.  D.  Ashley, 
II.  S.  Henry,  and  I.  B.  Newcomb  a  protective  committee  to  look 
after  stockholders'  interests, and  voting  also  that  a  contribution  of 
50  cents  per  share  be  made  for  expenses. 

Union  Pacific  Lands. — In  a  recent  circular  the  operations  of 
the  Land  Department  irjm  July  39,  18G9,  to  August  31,  1875, 
were  given  as  follows : 

Number  of  acres  sold ), 144,813 

Amonnt  roniized $5,1711,376 

.\vcrage  per  acre $1 

Original  land  grant,  acres 12,160,000 

So'.dto  August  31,  1875 l,Ht,S63 

Number  of  acres  unsold Il,0;i5,137 

The  proceeds  from  land  sales  have  been  applied  as  follows: 

Origiral  amount  of  land  grant  bonds $ lO^^OO.OOO 

Amount  cancelled  by  trn.-tecs  2,80,',n00 

Present  amonnt  of  fionds  outstanding 7,700,i'flO 

Land  notes  on  hand .     2,917,830 

Vermont  Central.— The  case  of  tlie  Rutland  Uailroad  against 
the  Central  Vermont  Railroad  for  revision  of  a  lease  came  on  Nov. 
IG  before  Chancellor  Royce,  assisted  by  Chancellor  Barrett.  The 
Rutland  road  moved  for  an  order  to  compel  the  Central  to  pay 
rent  or  give  up  possession.  The  Central  Vermont  moved  a  dis- 
missal, on  the  ground  that  the  parallel  motions  aro  cumulative 
and  vexatious,  being  substantially  for  the  same  thing.  The  Ver. 
mont  Central  filed  a  general  demurrer  on  the  same  ground.  After 
argument.  Judge  Barrett  decided  thp.t  the  objects  of  the  bill  and 
petition  were  the  same.  The  party  could  not  proceed  under  both, 
and  must  make  his  election.  After  consultation,  tlie  Rutland 
counsel  decided  to  proceed  under  the  petition,  and  the  bill  was 
dismissed  without  prejudice. 

Whitewater  Valley.— The  United  States  District  Court  at 
Indianapolis,  Nov.  12,  appointed  Henry  Parkman  receiver  ot  the 
Whitewater  Valley  Railroad,  on  the  application  of  J.  J.  Sparrow 
ind  others  of  Boston. 


MONTHLY  EARNINGS  OF  PRINCIPAL  RAILROADS. 


^•At.  Top 

1874. 
(1509  m.) 
$62,7!)2 
73,500 
121,002 
):4,215 
101.314 
101,771 

;oo.6ii 

112,681 
1 10,563 
133,654 
116,.S73 
10-J,225 

$1,230,806 

^T'  d-  Cin. 
1874. 
(1.9  m.) 
$114,941 
136,1)61 
1 48,903 
1.53,(73 
141,873 
lli,561 
141,610 
156,633 
17,5,8.31 
174,630 
148,463 
154,499 

$1,823,115 


— Ohio  & 

187). 
(393  m.) 
$239,  .S75 
210.857 
211,894 
266,566 
938,618 
361,023 
852,372 
279,89-; 
331,681 
341,104 
469.360 
271,179 

3,242,910 


1873. 
(509  m.) 
$68,659 
78,410 
104,(163 
11V,474 
107,645 
104,4)8 
r.3,45C 
1.52213 
147,553 


,— Central 

1874, 

(1,219  m.) 

$848,-558 

804.044 

8+2, 4  M 

1,110,621 

1,311, 6:i9 

1,S66,615 

1,286,940 

1,322.557 

1.371,739 

1,465,515 

1,314.000 

1,150,000 

$14,231,714 


Pacific. — , 

1875. 

(1,213m.) 

$890,000 

1)02,000 
1.192,00.1 
1,355,000 
1,797,000 
1,711,000 
1,477,000 
1,5.32  POO 
1,5'.1,001 
1,(»;6,000 


<fc  Laf.-.    Internat'nal  &  Gt  N. 


1875. 
(179  m.) 
$133,787 
111.-335 
136,:i-)0 
1.53,781 
145,892 


Miss- . 

1875. 

(395  m.) 

$22.5,382 

220,292 

f    283,875 

I    251,172 

I    8-37,076 

■-•  S!36,103 

S 

1"318,9«« 


1874 
(382  m  ) 
$1-39,116 
fll.i,896 
-•  91,1-30 
-=  76,367 
73,.i87 
75,144 
70,495 
i  75,50:i 
e 105,915 
S 147,418 
■7176,542 
1200,756 

$1  ,.361,589 


1875. 

(455  m.) 

$122,575 

1 12,500 

104,661 
85,255 
80,858 
74.280 
7i,<h;2 
80,778 
88,501 

1  6,038 


Cin,  Lff-& 

1874. 
(75  m.) 
$39,663 
36.-'.37 
36,792 
39,902 
33.618 
31,870 
-3.5,126 
34..550 
40,103 
44,668 
33.687 
42.300 

$433,718 

<— Kansis 

1874. 
(672  m.) 
$170,319 
178,489 
215,774 
29i,143 
:116,6I7 
3!6,.3;39 
293.247 
289,937 
302,318 
3-58.166 
275,817 
213,401 

3,2;2,597 


Chtesgo. 

1875. 
(75  m.) 
$33,790 
27,243 
30,021 
32,710 
S0,358 
31,147 
3J,638 
32,2.35 
39, 103 
38,854 


Pacfio^ 

1875. 
(672  m.) 
$102,737 
18S.495 
21!,0:J3 
391,651 
3«),70S 
275.665 
282,686 
305,139 
31S,11I 
365,126 


-.Tail 

.Feb... 
■  Mar.-.. 
-April,. 
-May-,. 
..Tune.. 
-July... 
.Au^.... 
.Sept.... 
-Oct..  .. 
-Nov.... 
.Dec-... 

-Year.. 


D;nv.«EB;oGrand! 


1871- 
(120  m.) 
$19,  .5.30 
19,124 
21,287 
29,673 
38,083 
39,162 
40,782 
35,188 
.36,498 
35  516 
28,823 
89,991 


.Jan 

.Feb..  .. 
.march 
.April.. 

.May... 

..Tunc. 

July... 

..Aus.... 

.Sept.... 

.Oct 

..Nov.,., 
..Dec... 


..Year..       7,587,003 


$37(;,f59 

—Kichigan 

1874.° 
(804  OT.) 
$647,4:6 
513,016 
6:.5,93d 
6*1,802 
685,179 
581,782 
519,872 
603.835 
«37,7ttl 
731,596 
654,206 
692,698 


$3,!50, 


-St.  Lcuis  Alton  *  Terre  Haute , 

-Main,  Line. ,     . Branc/ies.- 


1874. 
(195  Hi.) 
$ia3,767 
86,499 
105,668 
99,447 
91,651 
99.814 
101,741 
112,621 
113,247 
127.MS 
100,165 
100,415 

$1,S54,T37 


1873 
(195  m.) 

$77,876 
73,864 
83,023 
86,948 
73.467 
71,697 
73,84! 


1874. 
(71  m.) 

$.38,607 
37,198 
44,472 
'  41,093 
40,887 
43,153 
42,794 
50,039 
5.5,282 
65.800 
46,9i0 
S2,812 

$.55^  317 


1975, 
(71  m.) 
$57  201 
65,723 
49,370 
40,207 
3S,980 
33,619 
35,643 
40.406 
48,513 
66,467 


St-L.IroaMt.&So,  --St- L.  &  S. 

1674-  1875.  1874. 

(690  «i.)  (690  m.)  (3.';8m.) 

..Jan....        $250,074  $2ii6,395  $111, "ilO 

..Feb....          217,368  283,200  91,417 

..Mar....          2-36,132  275,.!00  107,"71 

.-April..           230,434  2.58,.370  91.997 

..May...           244.391  261,446  88,558 

..June..          S.i8,6n8  273,300  96,9.39 

..July...          2!5,248  2;».178  92,821 

..Aug...           251,2:10  287.505  110,924 

..Sept....          292.216  312,800  118,81-1 

..Oct....           353,777  384,730  131,865 

..Nov....     3.50,860    102,608 

..Dec...    383,000   102,912 

..Year..     ~ ~i7T..,.  lillTs^ 


^Ind.Bl,*West'n.-^ 

1874.  1875. 

(344  m.)  (3!4m.) 

$151,793  $116,542 

1*9,304  96,621 

131,186  104,7.30 

Hn,.M4  190,767 

119,910  88,017 

l.'i0,16l  79,3:^7 

124,395  81,0;;6 

;i4.n3  I0-3,.5«6 

151.192  13.5,901 

146,9.58  131,465 

]1S,8II8  

114,076         

1,02 -,353  ....~ 

■ — Mobile  &  Ohio.  --. 

1874.  1875. 

(517  m,)  (517  m.) 

$29a,!l37  $196,729 

213.318  1-56,174 

174,91)8  130.251 

134,934  109,711 

14i;,667  100.532 

120.407  89,9'8 
119.047  102,101 
116,639  112,873 
1.53,202  119,821 

212,607  

287,845         

385.408         

$3,391,019  '~~ 


Eist.-^  . — Union  Pacific. — , 

1873.  1874.  1875. 

(-153  m,)  (1038  m.)  (1038  m.) 

$84.5i6  $620,715  $574,930 

80,087  607,990  620,307 

81,'iOO  087,026  918.963 

a>.935  834,955  ;,093,815 

73,724  910,065  1,273,223 

65,033  903.881  1,042,,534 

67,145  8-50,113  1,034,653 

71,613  1,C42,416  1.0«1,U00 

88,676  1.063;»93  1,155,944 

1.141,988        

1,000,598       

897,159        

~,...  $10,559,850       ,. . 


Novemler  20,  1875  ] 


THE  CHRONICLR 


491 


€l)e  €ouTmcrcial  ^imea. 

COMMERCIAL  EPITOME. 

(viD&T  NiOHT.  Nov.  19.  18T5. 

Tbarehubeen  theput  week  ailiKblincreue  ia  the  volume 
of  trade,  and  «  check  upon  ttia  declining  tendency,  wbicU  wm 
noted  in  prices  of  leading  staplea,  with  aooie  revival  of  specula- 
Uve  confidence,  on  the  belief  tbat  ander  the  depreflsin?  iotluencefl 
ruling,  a  tafe  btaie  waa  reached  (or  operating.  Tbe  export  trade, 
however,  continues  to  be  embarrassed  by  tbe  firmneM  of  holders 
of  domestic  prodocU,  and  tbe  scarcity  of  freight  mom.  We  hare 
had  some  seTere  weather  daring  the  week,  extending  far  South, 
and  threatening  an  early  closing  of  inland  navigation  at  the 
North  and  West,  b:il  it  is  now  milder. 

Pork  has  been  dull  aud  drooping,  and  yet  very  little  declise 
ha*  taken  place,  and  specalation  in  this  staple  has  beej  dormant, 
closing  yesterday  at  $20  50  for  meks,  seller  tbe  year,  and  $30  for 
January  and  Frbrnary.  Bacon  has  declined  to  13^12^.  for 
Waatern  and  city  long  clear,  with  a  moderate  business  at  th« 
West  to  go  forward  to  Europe  on  through  bills  of  lading.  Cat 
■lecta  have  declined,  leading  to  a  belter  business.  Lard  has  lieea 
depreaaed  by  tbe  adjustment  ol  tbe  dispute  over  the  speculativa 
"eomer"  for  October,  and  declinel  to  liidliie  oa  the  spot  and 
for  November  and  December  delivery,  13  7-lfio.  for  January,  and 
12  9-lOe.  for  Pebioary,  bat  at  these  comparatively  low  pri.vs  as 
active  demand  sprang  op,  for  export  and  from  the  trade,  and  there 
waji  yesterday  some  recovery.  Beef  has  remainet!  tteady.  Tallow 
haa  bean  In  better  demand,  with  large  sales  at  9f^0|c.  To  day, 
pork  waa  firm  on  the  spot  and  lilgber  fur  future,  with  buyers  at 
fM  70  tor  the  year  and  |°^  35  for  February.  Bacon  aol  cut 
maalswara  doll  and  drooping.  I^rd  was  active  and  liii;her  at 
lt|e.  ior  prioia  Western  on  the  spot  and  for  early  deliverv,  and 
l$|c  for  February.  Battel  has  been  dull  and  prieea  barely 
suady.  Cheeae  haa  had  only  a  moderate  sale  at  !3(3ISlc  for  tlia 
beat  netoriea. 

GpA*  haa  declined  materially  ia  ;he  past  weak,  especially  for 
Braalla,  of  which  the  stock  ia  very  large :  85,000  haga  hen-.  101.- 
OUO  bags  at  the  tioutb,  and  100,000  ba«B  afloat  aixl  loi> 
the  L'uli«i  Slates;  (sir  to  prime  eargoea  qaotad  at  l*^- 
aold  ;  other  growtha  quiet  at  ll>i<i)31ie  ,  sold,  for  Maracaibj.  and 
mgUe.,  menu,  (or  Java ;  slocks  hero  a9.«M  bags  and  42fi-'>  I  niaU. 
Rtoa  baa  aaaa  mcdaistaly  active  asd  ratliar  aiora  steady.  .Molaa- 
Ma  haa  baaa  omm*  aetive  (or  new  erop  J— tsatie,  whl-h  has  ds- 
etiaad  to  K(gfilie.,  bat  the  movemeat  fa  foreign  has  been  qniia 
llallad.  Taaa  have  been  mo;e  artive,  and  doae  Snner.  8pteaa 
kaaa  icoMUaad  qalat.  Foreign  fruits  have  ruled  weak  for  moat 
daaoripilons,  as  the  demand  has  not  bees  equsl  to  expecutiooa. 
Sugars  have  been  in  good  demand,  and  raws  are  firmer  ;  g>XKl  rt- 
■alaiog  Caba  Muscovado,  (4e.,  and  staadaid  enubed  refined,  Itc 
Th*  KOTeaaM  Id  raws  the  past  week  haa  baaa: 

BWtt.         Bozsa.        aH*.      MdsdtL 
BmM»«s  past  wtek IJH  MM  Ml  41 

MHMsiwsdi mm         (Lisa       WM»         L1H 

SSkTi^.u.i«a R.4M       n.ior       iojm        ^m 

Msak  Kov.  n,  MM sTjoa       mjnt       ujut 

Kaatad  j  tohacao  baa  raled  lowar  and  falrir  aetlT*  at  7(99|«. 
for  laga.  a«d  Uf^Ite.  for  leaf :  the  alea  (br  tbe  week  cmbraaad 
MO bhda.,  ol  whick  700  were  (or  export  aad  S90  for  oonsaniftlaa. 
Head  leaf  baa  baaa  In  fair  demand,  aad  aaoutloas  an-  aboat 
alaady  :  tha  salaa  embrace :  Crop  o(  1970,  SOO  eaara  ConDceileal 
aa  ptiTsta  taaow  :  eropa  of  1871, 187t  and  1873,  117  eaaes  do.  at 
8|fpU4c:  crop 0(1873.  141  eaaea  Ohio,  part  at  He;  crops  of  Ult 
and  1874. 148  eaaaa  New  York  at  8(97-t«..  and  184  caaoa  Wl»( 
oa  pairata  lenna ;  crop  of  1874.  87  eaaea  Ohio  at  8|<«7c,  100 
CooaecUeat  aad  810  eaasa  Paanaylvsnia  on  private  terms  ; 
900  caaee  sundry  kinds  at  7<«85e.  Spenlah  tobacco  haa  been 
aetive.  with  aalea  of  700  bales  Havana  at  8!ic  u |l  10. 

Tbe  aarket  (or  naval  atorea  haa  baen  very  qaiet,  and  a  grmdtal 
aatillng  In  values  haa  taken  plaea.  8piriis  tarpentine  cloMa  at 
W)«..  aad  eaowMa  to  good  atrmlaad  raaia  at  f  1  dOr&ll  S.',.  Ia 
pau«la«B  Uttla  or  airtbt^  baa  baaa  dine,  bat  erode  eloaes  Qna, 
aadar  advaaesd advicM  rnun  the  walla:  qaotad  at<)e.  ia  balk  ; 
reboed.  In  bbis,.  at  :  lor  thissAd  next  OMath's  dellvarjr. 

l,ay«r  raisin*  have  lo  |2  78(>«fS  80,  ander  more  liberal 

arrivals;  V.lrncU  quoted  at  9t.^l0e.:  looaa  Muaeatels  at  |3  10. 
Carrmnts  at  7^  Turkish  prnnea,  7e.  Ingot  eaporr  remain* 
alaady,  with  aalaa  of  800,000  lb*.  I,ake  at  S3MS84&.  cash. 

Tba  baalasaa  la  oeaaa  fiaighta  haa  beoo  aaly  aaderate,  bat  tba 
llBllad  oflsriag*  of  rooan  have  ntalntalnad  ratea  wllb  flrmnesa,  aad 
aoaie  advanea  haa  been  obtained.  Charter  room  lanialoa  steady, 
with  a  ateady,  moderate  movement.  I,ate  eagagemenl*  aad 
ebarter*  ioclode  :  Oraln  tn  Liverpool,  by  steam,  0  .rO'id.,  cottoa 
7-16d.  ;  grain,  by  sail,  HJd. ;  cottoa,  0  SSfi^l-lOl.  I'rain  to 
Laadaa.  br  stcan,  rs-lct,  8d. :  do.  to  f  v>rk  for  ofdaia.  9*.  r  ' 
to  Doadalk.  8*.    Cmda  petroleaoi  to  Havre,  4*.  M.;  re: 

t«  Uvarpaoi,  4*.  M. ;  eaaa  oil  to  tba  Medi:ai  laaaaa.  SSc «> 

thera  waa  only  a  moderate  bualaaas,  bat  rataa  remained  8no. 
(Irsia  to  Briatol,  by  ataam,  td.,  and  floor  at  t*.  6d.  tiraia  to 
Otaagaw,  by  ataaai,  at  9d. ;  do.  to  arrive,  ltd.  The  chartor  market 
waa  qai«t,  with  tba  aomlnal  rato  (or  grain  to  <  'ork  (or  order*  at 

.;  and  rata  ad  padoioam  to  Aatwerp  or  Bremeo,  4s, 
I  baa  bean  a  large  movement  ia 


Tbaia] 


llaseod 


M. 

oil  at 


higher 


1 40,000  galloo*.  at  fie'.481e.,  e'osing  at  •9'.'';^.  Cnida 
whale  baa  aaid  to  Iha  eitrat  of  BOO  bbls.,  nonbero,  fur  mauahe 
tare,  at  TOe.  Cotlonaecd  oil  higher,  owiof  lo  ihn  light  supply  ; 
erwdo,  KMOSe.    Hlda*  have  barn  In   f  id  and  aboat 

ateady  ;  drv  aalra  Bioa  aoM  at  Me.  gold,  a  randr  at  18|c 

gold.  Laatbar  baa  been  doll,  aad  pftoea  favor  the  Imyar.  I>omaa(ie 
aiaaa  arada  raoiaia  entirely  aomiaal.    Wblskejr  eloeed  doll,  at 


OOTTON. 

Fkiday.  p.  M.,  Nov.  !9,  1875. 
The  MovaiiEK-r  of  the  Crop,  as  indicated  by  our  telegrams 
from  the  South  to-night,  is  given  below.  For  the  week  ending 
this  evening  (November  19)  the  total  receipts  have  reached  186,135 
balti.1,  agniosl  149,474  bales  1a.st  week,  175,344  bales  the  previous 
week,  and  170,045  bales  three  weeks  sinca,  making  the  total 
receipts  since  the  1st  of  September,  1875,  1,319,941  bale.s,  against 
1,113,044  bales  for  the  mme  period  of  1874.  showing  an  increase 
since  Sept.  1,  1375,  of  1SS,68T  bales.  The  details  of  the  receipts 
(or  this  week  (as  per  telegraph)  and  for  the  corresponding  weeks 
of  five  previous  years  are  as  follows: 


ReceipU  thU  week  at— 


New  Orlcan*.... 

Mobile 

Charleiiton , 

INirtRojril.  *e.. 

Savajuuh 

OalTSfton 

lodliiioli.  Ik... 
Tnuteisee,  Ac. 

Ftorlda 

North  OUDllaa. 

Norfolk 

Cllj  Point,  Ac.. 


Total  ikU 


1875. 


u,isa 

18,(43 

19.8S4 

4« 

1T,OCO 

S3,7in 

887 

8,T4I 

m 

(.to: 

ti.r:o 


18t,IU 


1874. 


ISO. 


S7.( 

1(,18S 

10,OM 

l.Wl| 

TW] 
»> 

\m\ 

18.W| 

mm; 


1(71. 


1671. 


3&,8I( 

•.os: 

tS.89t 


H,«S1   , 
10.917  I 

:«!' 

0.147 

84* 

l.ll» 

lt,OM 

1.736 


39.0" 
U.ISS' 

lt,Stt 

11,716 

8,137 

4,810 
4« 
1.W 
14,318 
1,718 


I5t,43t|    :SS,89I     ll8,Mr> 


SU.61t 
10.9St 

n.oo« 

11,(S9 

s,tw 

0,008 

HI 

l.WI 

(,4U 

811 


1870. 

3«,G7J 
13,ft)6 

I4,M9 

r,u« 

7,101 

T,»9 

130 

8.899 


fu 


101 ,49 1     lt2,:83 


Total  alnrelUat.  1....  1.m.t«l  1.11S.064;    838.M0  1.006. Wt     t6«l.a08l    TW.IM 

The  ezporto  (or  tha  week  ending  this  evening  reach  a  total  o' 
108,188  balea,  o(  which  68.997  were  to  Great  BriUin,  19.088  to 
Fraaee,  and  90,048  to  rest  o(  the  ContinrDt,  while  the  stocks  a* 
made  op  'this  cveuing  are  now  573,893  bales.  Below  are  the 
utoefcs  and  exporU  for  tha  week,  and  also  (or  the  oorreBpondlng 
week  of  last  season: 


Weeksodlag 
Nov.  n. 

Ssportedto 

Total 

tkis 

week. 

Basis 
w*«k 

1874. 

Stock. 

**"•»  IrraaeJ  "•""• 
Brltala.i   ^^  aent. 

187B. 

1874. 

NawOrlaaa* 

MoMle 

CtettoMoa. 

Ssvaaaali 

Oahrsstoa 

Maw  Toik 

Oikw  porta* 

ii,m 

4.(0 
(.«• 

10,101 
1.1M 

1«,IM 
(.419 

4;iii 

(00 

7,184 
I.«M 
1,104 

r.iM 

MM 

as 

si,m 

(.HI 

••ws 
IM1T 
7.148 

18,Tt>; 
8.0H 

u,ou 
i.n>] 

18.901 
10.tM 

1(8.431 
81.118 
61.180 
81.7JT 
88.978 
M,86S 
80.008 

Ilfiiil 

TMal  tfclswetk.. 

UfiM 

10.0t>|    10S.!S4 

N,oii  'an,88i 

800.0H 

TstalMaeaSapLI 

8811014 '  aitti  im.rt*  1  &«a.(ir»  I  Si.iii '    ....  i    .... 

■TkseaaaflilMi 


wetk  ■■asrihs  hsa*  o(  "otter  Boi 
;  fraw  Bafloa  SsbslM  to  lire 
trea  aarMk  4.01  Mta>  to  Unn 


ifU"  lBrla4«  fran  Baltimore 
frSi  r 


,  .„,,^i.v»,i„<—  rtillMlelptiK  eal 
Unrpoel :  from  WiluiUxtoo  l,UU 


aaiMist^^ 

hstc  >»Ii»s»»»»l ;  trea 
k*  r*  I*  LIvaraeoi, 

[t^On  talagram  from  New  Orlaana  to-night  shows  that 
baildaa  tha  above  exporU  the  amoaot  of  oottoa  on  shipboard,  an  d 
aagaged  (or  ahlpoMnt  at  that  port,  I*  aa  (oUows :  For  Liverpool, 
dafiOO  balsa;  for  Havre,  33,000  balea;  (or  Continent,  18.000  bales;  (or 
eoaatwiaa  porta,  l,'M  balea;  total,  87/iO0  bales;  which,  if  dedacted 
Amn  tba  atock,  would  leave  81,000  balea  repreaentlng  tha 
quantity  at  the  landlog  ^d  in  praoaoa  anaold  or  awaiting  orders.  J 

Knjm  the  foregoing  statement  it  will  lx>  seen  that,  romimred 
with  the  c->rnHipooding  week  of  la*t  season,  there  is  an  inertate 
In  the  exports  this  week  of  9,121  bates,  while  the  stocks  to  night 
are  7:l,70'>  liale*  aaors  than  they  were  at  this  time  n  year  ago. 
The  following  la  oar  usual  table  showing  the  movement  of  cotton 
at  all  the  port*  from  Sept.  1  to  Nov.  13,  the  latest  m«il  date*: 


aacBiprs 
aisca  ssrv.  1. 

szroarsD  sixes  sarT.  1  to— 

Coast- 

wiw 
Poru. 

PORT5^ 

Great 

■.-.-JOthor  1  _,.., 

Stock. 

187). 

1874. 

BrlUlo 

'~"|for.r»!  *•••'• 

N.  Oricaa*. 

tll.OUi 

tatM-' 

81. in 

81101  11,463,  139.74*1     44.001 

141,1«1 

18.«« 

n.i» 

16,764 

1,18!;        4481    18,87! 

H.tH. 

19,164 

CkariMt-a* 

IM41I 

I5S,0» 

II.IIS 

18.(89 

IT.Ut     84.000 

4i.ja» 

69,041 

Havaaath.. 

WT.TK 

to,  119 

ll,8» 

t.aM 

81,484     11,8:8 

U,69* 

91,107 

<)al<n«oa*. 

184.18* 

(T.4I1 

I04U 

888 

1,418 

88,0}4 

84,816 

70.911 

.SswYork. 

tt.Ul 

HTIl 

TT,9(1 

881 

14,815 

101 ,1» 

.... 

8S,oli 

nertda..... 

1.IU 

1.811 

.<•. 

.... 

.... 

l,lii 

.... 

».Oaro(iaa 

m,iK. 

injot 

1,100 

.... 

.... 

1,100 

10,981 

7.801 

Rorfolk*.. 

1B,U 

111.474 

4,440 

.... 

.... 

4,410 

UT.6» 

V.KO 

Other  porta 

ll.«* 

l*,*ll 

ifjm 

.... 

4.816 

11,878 

488.  IK 

17,M0 

Tot-iklsjrr. 

i.o*«,m 

]i'ii,ei7 

«l,t8t  lOO.OTtj  447.911 

6)4.8»> 

T>it.  iMl  rr. 

9*aMi 

SH.a*i 

ll.lisl  44.144   Wl.l(l    «lt.n4 

4*4,141 

■  i:B<i«riaskM4ef  cawl«tt«a  Is  loeladed  Port  Uor>l,  *e.;  oa-ler  II  •  beat]  of 
0«to»,<aitl«lBciaitodlttiUaao.a,ac.;  aadsr  tbt  bMd  of  .Ver/Mt  m  laolniled  li  « 
Paul  as. 

Tbeaa  mail  returns  do  not  correspond  precisely  with  the  total  of 

the  telegraphic  figures,  because  in  pre]>aring  them  it  ia  always 

aaaaasary  to  iacorporato  avary  corraction  mad*  at  tha  porta. 


492 


THE  CHRONICLE. 


[November  20,  1875. 


The  market  for  cotton  was  unsettled  early  in  the  week  by  the 
contradictory  character  of  the  reports  emanating  from  the  National 
Cotton  Exchange,  at  New  Orleans,  and  the  Agricultural  Bureau, 
at  Washington.  Cotton  on  the  spot  was  dull  and  weak  during 
Saturday  and  Monday  ;  but,  on  Tuesday,  owing  to  the  construc- 
tion that  was  put  upon  the  Bureau  report  (set  forth  in  another 
column),  holders  withdrew  their  samples,  and  Uplands  were 
quoted  1  16c.  higher.  On  Wednesday,  however,  the  improve- 
ment was  barely  sustained,  with  a  limited  business.  Yesterday, 
the  market  was  more  steady,  but  the  demand  only  moderate. 
To  day,  the  export  movement  was  freer,  and  quotations  were 
advanced  l-16c.  For  future  delivery  there  was  no  especial 
feature  until  Tuesday,  when  an  active  demand  sprung  up,  owing 
to  the  unfavorable  construction  put  upon  the  Bureau  report, 
resulting  in  an  advance  of  J^o  16c.  for  all  months,  with  a  large 
business.  A  portion  of  this  advance  was  lost  on  Wednesday,  but 
yesterday,  again,  the  marlvet  was  firmer,  owing  to  the  intense 
cold  which  had  prevailed  at  the  South,  probably  putting  a  stop  to 
the  further  growth  of  the  plant  in  a  considerable  section,  but  the 
business  was  comparatively  small.  To-day,  there  was  a  pretty 
general  advance  of  l-16c.,  with  the  early  months  fairly  active. 
After  'Change,  there  were  sales  at  13  3-16c.  for  December,  13  9-33c. 
for  January,  13  13-33c  for  February,  and  13  19-32c.  for  May.  The 
total    sales   for  forward  delivery  for  the  week  are  138,000  bales, 

including    free  on  board.       For   immediate     delivery   the 

total  sales  foot  up  this  week  7,013  bales,  including  2,685  for 
export,  3,669  for  consumption,  398  for  speculation  and  260  in 
transit.  Of  the  above,  200  bales  were  to  arrive.  The  following 
are  the  closing  quotations : 


New  Classiacatlon. 


Ordinary per  lb. 

Strict  Ordinary 

Good  Ordinary 

Strict  Good  Ordinary 

LowMlddllne 

Strict  Low  Middling 

Middling 

Rood  Mtddllnir 

Strict  Good  Middling 

Middling  Fair 

Fair 


Uplands. 


i-163., 


11^  « 

IIX  C 

12X  i 

ViV  t 

13  S-;6« 
1354  C 
>3){  t 
13V  « 

14  t 

14;^    a 

STAINED. 

Good  Ordinary UK  I  Low  Middling 12  9-: 

Strict  Good  Ordinary  J2\  I  Middling 125,-- 


11« 
1254 

lax 

13  i-: 

13  X 
ISX 
'.3X 
13X 
I4J4 
13J< 


Alabama. 


New 
Orleans. 


11 5-16  a... 

11  13-16®.... 

12  9-16  ®  ... 

12  15-16»s.... 
13X        ®.... 

13  9-16  &.... 
13  11-16®.... 

13  1S-16».... 

14  3-16  9.... 

14  9-16  ®.... 

15  9-10  a.... 


Texas 

U  5-16  ®.. 

11  is-;6<... 

12  9-16  ®.. 
U  Ll-ie*.. 
13?<  ®.. 
;3  a-16  @.. 

13  11-16®.. 

13  15-16U.. 

14  3-16  ®.. 

14  9-16  a.. 

15  9-16  a.. 


Below  we  irive  the  sales  ot  spot  and  transit  cotton  and  price  of 
Uplands  at  this  market  each  day  of  the  past  week  : 

SAliBS.                                     1 

i*KIU»B,. 

New 
Classification. 

axp't. 

'io'i 

444 

600 
1,235 

2,685* 

Oon- 
snmp. 

365 
577 
007 
1,013 
992 
215 

3.669 

Spec- 
ala'n 

Tran- 
sit. 

Total. 

Ord'ry 

Good 
Ord'ry. 

Low 
Mldl'g. 

Mid. 
dllng. 

Batnrday  

Monday 

Tuesday 

Wednesdaj.... 

Thnrsday 

Friday 

319 
40 

"39 

S9S 

'260 

3« 
677 
1,131 
1,4/7 
l,59i 
1,749 

11  3-16 

UK 

113-16 

u  s-;5 

11  3-16 
tl)« 

12  5  16 

12  5-16 
12  5-16 
12  5-16 
12H 

13 

12  15-16 
13 

13 
13 

13  1-16 

13  5-16 
13K 
13  5-16 
13  5-16 
13  5-16 
13K 

Total 

260 

7,011 

For  forward  delivery  the  sales  (including  free  on  board, 

have  reached  during  the  week  133,000  bales  (all  middling  or  on 
the  basis  of  middling),  and  the  followingf  is  a  statement  of  the 
gales  and  prices 


13  ^■3i 

■    Jl3« 


For  November, 
bales.  CIS. 

400  s.n 13^ 

2,200 13X 

600 13  532 

1,300 13  2-16 

ICO  S.Jl 

900 

200  s.n. 

3,000 

3,000 iS  9-32 

1,600 13  5-16 

300 13  11-32 

2,000 13X 

100 13  13-32 

16,600  total  Not. 

For  December. 

300 12  31-32 

1,SOO .     13 

EOO IS  1.32 

8,400 13  1-16 

1.600 13  8-32 

2.900 13« 

6,,300 13  5-32 

1,900 13  3-16 

2,100 13  7-32 

1,900 13;4 

22,700  "toUl  Dec. 

For  January. 

!,>>00 13  1-3? 

SOO IS  1-16 


bales.  cts, 

1,330 13  3-32 

1,700 ISX 

1,600 IS  5-32 

1,»00 -.3  3-16 

2,700 13  7-32 

2,3UO 13i,- 

700 18  9-32 

8,S0O 13  5-16 

1,700 13  11-32 

100 13  15-32 

20.900  to  talJ  an. 

For  F^.bruary, 

1,900 13  ,1.32 

1.500 13  S-i6 

l,«i 13  7-32 

3,!00 .13K 

1,100 13  9.32 

2.100 IS  5-16 

3,S00 13  11-32 

1.700 13H 

1,800 13  13-32 

■00 13  716 

1,600 13  15-32 

1,000 13K 

22,200  total  Feb. 

For  March. 

1,400 13  5-32 

8,100 13  5-16 

1,400 13  11.S2 

2,600 13X 


bales.  cts. 

2,;00 13  13-31 

1,600 13  7-16 

UiOO 13  15-32 

5,010 13K 

2,900  13  17-32 

900 IS  9-16 

3.400 13  19-32 

2,500 ISX 

29,40010' al  March. 

For  Apill. 
2,800 13X 

400 IS  17-32 

1,600 ■.,.13  9-16 

1.800 13  19-32 

2,'.0O 13X 

9(11) 13  21-3i 

1,600 !S  11-16 

2,400 13  23-32 

400 13  25-?2 

700 13  13-16 

11,700  total  April. 

For  May 

600 13  11-16 

200 13  Z3-32 

600 ,..  13* 

-.00 13  2i-S2 

300 13  13-li 

400 1S2J-32 

1,000 13« 

otO... 13  15-16 


bales.  cts. 

400 13S1-32 

4,1C0  total  May. 

For  June. 

1,000 13  27-32 

SOO 13  29^ 

300 13  1516 

SOO 13  31-32 

1,800 14 

100 H  1-32 

200 14  1-16 

300 UK 

100.  U  5-82 

4,400  total  .lune. 

For  July. 

400 14 

1(0 11  S-32 

1,100 UM 

100 14  7-S 

100 U  9-32 

1,800  total  July. 
For  August. 

200 14  1-16 

400 14  3-16 

300 11  7-32 

600 14},- 

300 14  11-32 

100 liX 


1,900  total  Aug. 

The  foUowlntr  will  show  spot  quotations  and  the  closing  prices 
bid  for  futures  at  the  several  dates  named ; 

HIDDLINe  tXPLiSDS— AMBKICAlf  0LA8SIKI0ATI0N. 


FrI. 

On  spot 13^ 

November 13  5-16 

December 13J^ 

January 18  3-16 

February IS  i-16 

March 13  13-32 

April 13  21-2 

May 13  27-32 

June II 

July    UK 

August 14  7-32 

Sales  spot 1.315 

Sales  future...  22,200 

Gold 114X 

Kxchaoge 4.79X 


Sat.  Mon.  Taes.  Wed.  Thurs.        Frl. 

13  5-16  UK  13  5-16  13  5-16  13  5-16  ISJS 

13  3-;u  13K  13K  13  .3-16  13  9-32  ISH 

13  1-31  12  31-32      ISK  18  l-lo  13K  13  Me 

ISW  13  1-32       13  £-16  13  5  32  13  7-32  13  9-31 

13  1-32  13  5-32        13  15-32  18  9-32  13  11-32  13  13-32 

ISJii  l:;  5-16        \3%  13  7-16  UK  13  19-31 

13  9-16  13H  13  13-16      \3%  13  23-32  13  23-3: 

13  23-32  13  21-32      13  31-82  .13  25  32  I3J<  13  15-16 

13  29-«  13  13-16      UK  13  31-32  14  1-16  14  S-S2 

14  1-3J  13  31-32      14  9-32  14  1-16  14  5-32  14  3-16 
I4K  14  3-32       14K             14  5-32  14K         '    14  9-32 
855  671              1,132  2,597  1.^93  1,719 
11,503  ai.l'O         38,000  Sl.iOO  17,900  14,900 
lUK  IHX           114K  114X  1UJ«  lux 
4.'.9K  4.81K          4-8IK  4.31K  4.b2K  4.52K 

The  Visible  Supply  of  Cotton,  as  made  up  by  cable  and 

telegraph,  is  as  follows.    The  continental  stocks  are  the  figures 


of  last  Saturday,  but  the  totals  for  Great  Britain  and  the  afloat 
for  the  Continent  are  this  week's  returns,  and  consequently 
brought  down  to  Thursday  evening;  hence,  to  make  the  totals  the 
complete  figures  for  to  night  (Nov.  19),  we  add  the  item  of  exports 
from  the  United  States,  including  in  it  the  exports  of  Friday  only: 

1975. 

Stockat  Liverpool 548.000 

Stock  at  London 63,500 

Total  Great  Britain  stock  ....  6J9,500 

Stock  at  Havre 188,000 

Stock  at  Maraelllea S,000 

Stock  at  Barcelona 60,000 

Stock  at  Hamburg H.OOO 

Stockat  Bremen 31,750 

Stocli  at  Amsterdam 52,850 

Stock  at  Rotterdam 10,000 

Stock  at  Antwerp B,750 

Stock  at  other  continental  port.'..  7,500 

Total  continental  ports 361 ,2.50 


Total  European  stocks 970,750 

India  cotton  adoat  for  Europe....  153,033 

American  cotton  afloat  for  Europe  318,003 

Egypt,  Brazil,  &c.,afloatforE'rope  63,000 

Stock  In  United  States  ports 573,893 

StockinU.  S.  interior  ports 77,78J 

United  States  exports  to-day 34,0DO 


1874. 

1873. 

1872. 

510,000 

497,000 

429,000 

ii3,aoj 

195,000 

222,000 

653.000 

692,000 

650,000 

132,500 

81,750 

229,000 

10.500 

10,«0 

13,000 

66,500 

18.500 

32,000 

16,7M 

19,000 

80,000 

31,750 

25,759 

32,000 

8J,S50 

90,500 

59,000 

19,000 

23,750 

10,000 

8,000 

15,000 

32,000 

38,000 

30,000 

81,000 

38/i,250 

318,500 

471,000 

1,011.250 

1,010.500 

1,121,000 

131,000 

160,003 

181.030 

305,000 

225,0OJ 

2.36,000 

71.000 

7--.,0M 

95.000 

500,098 

331,003 

3r0,923 

89,897 

67,857 

67,530 

25,030 

13,000 

11,000 

Total  visible  supply.     ..balB8.2, 222,425  2,183,245  1,910,365  2,038,423 

or  the  above,  the  totals  of  American  and  other  descriptions  are  as  follows  = 
American— 

Liverpool  stock 173,000  128,000  7-2,000  49,000 

Continental  stocks 153,000  146,000  91,000  66,000 

American  afloat  to  Europe 348,000  305,000  225,000  236,000 

Ucited  States  stock 573,893  500,098  881,003  370,923 

United  States  interior  stocks 77,782  89,397  67,857  67,500 

United  States  expoita  co-day 31,000  25,000  18,000  14,000 


Total  American bale8.1,359,675  1,193,995 

Eatt  Indian,  Braiil,  Ac— 

Liverpool  stock 873,000  414,000 

London  stock 63,500  113,003 

Continental  stocks 808,250  242.2.50 

tndiaafloat  for  Europe 155,000  131,003 

Egypt,  Brazil,  &c.,  afloat 63,000  71,000 


857,865 

425,000 

195,000 
227,500 
100,003 
75,003 


893,423 

379,000 
422,000 

405,000 
164,000 
65,000 


Total  East  India,  *c 862,750 

Total  American .1,359,675 


950,850 
1,193,995 


1,032,500 
857,885 


Totalvisiblesupply... .bales. 2,2-22,425       2,161,245       1,940,365       8,038,423 
Price  Middling  Uplands.  Liverp'l.    6Jid.  7Xd.       SJi^SXd.  9!id 

These  figures  indicate  an  increase  in  the  cotton  in  sight  to-nigh' 
of  59,180  bales  as  compared  with  the  same  date  of  1874,  an 
inereate  of  33'2,060  bales  as  compared  with  the  corresponding  date 
of  1873,  and  an  increase  of  184,003  bales  as  compared  with  1873. 

At  the  Interior  Ports  the  movement — that  is  the  receipts 
and  shipments  for  the  week  and  stock  to-niglit,  and  for  the 
corresponding  week  of  1874 — is  set  out  in  detail  in  the  following 
statement: 


Week  ending  Nov.  19,  1875.  | 

Week  ending  Nov.  20,  1874. 

Keceipts. 

Shipments. 

Stock. 

Receipts. 

Shipments. 

Stock. 

Angnsta,  Ga 

Columbus,  Qa 

8,546 
2,691 
3,619 
3,.319 

.3,886 

27,294 

1,786 

4,207 

1,581 
8.278 
3,435 
3,4C6 
20,341 
1,847 

13,198 
8.660 
6,989 
7,193 
6,193 

33,545 
1,503 

11,7J3 
3,485 
3,2-29 
3,704 
6,003 

15,029 
8,014 

9,667 
2,671 
2,S05 
2,968 
3,67J 
10,004 
1,88S 

16,453 
6,773 
7,-222 

Montgomery,  Ala  , . 

Selma.  AIh 

Mcmpliis,  Tenn 

Nashville,  Tenn 

6.8  3 

7,161 

37,834 

7,513 

Total,  old  ports 

Shreveport,  La 

Vicksbnrg,  Miss.... 

Columbus,  Miss 

Enfanla,  Ala 

61,171 

3,54-2 
3.8:6 
1,1-13 
1.9.35 
3,733 
1,472 
11,552 
7,037 

37,095 

8,631 
3,412 
1,097 
1.469 
3,868 
1,879 
11.139 
6.059 

77,782 

6,439 
1,754 
1,980 
3  217 
1,867 
1,94 
8,662 
5,113 

44,196 

3.148 
1.413 
1,489 
1,497 
3,846 
2,433 
7,812 
6,073 

33,463 

2,277 

1,575 
1,-J8  1 
1,3-il 
4,005 
1,663 
4,414 
6,309 

8i,897 

4,430 
l.-2Sli 
1,105 
1,867 
4.23J 

Charlotte,  N.  C 

St.  Louis,  Mo 

Cincinnati,© 

1.0 12 
18.173 
8,327 

Total,  new  ports 

34,220 

30,954     29.6-26 

27,790 

81,823 

39,475 

Total,  all 

85,391 

68,049    107.408 

719S6 

53,28J 

128,372 

The  above  totals  show  that  the  old  interior  stocks  have  increased 
during  the  week  1,558  bales,  and  are  to-night  12,115  bales  less 
than  at  the  same  period  last  year.  The  receipts  have  been  6,975 
bales  more  than  the  same  week  last  year. 

Bombay  Shipments  — According  to  our  cable  despatch  received 
to-day,  there  have  been  6,000  bales  shipped  from  Bombay  to 
Great  Britain  the  past  two  weeks,  and  10,000  bales  to  the  Continent ; 
while  the  receipts  at  Bombay  during  the  same  time  have  been 
11,000  bales.  The  movement  since  the  1st  of  January  is  as  follows. 
These  are  the  figures  of  W.  Nicol  &  Co.,  of  Bombay,  and  are 
brought  down  to  Thursday,  Nov,  11  : 


^Shipments  this  week-. 

tireiit        Con- 

Brltaln.   tlnent.    Total. 

1875 6,000      10,000      16,0  0 

1874 1,000        1,000        2,000 

1873 4,000         4,000 


.—Shipments  since  Jan.  1—, 
Great  Con- 
Britain,  tlnent.  Total. 
7T8,OC0  4.34,000  1,21-2.000 
807,000  371,000  1,181,000 
701,000    803,000      901,000 


, — Receipts. — . 
This  Since 

w.'ek.  dan,  J. 
11,000  1,-209,000 
5,000  1,840,0C0 
8,000        976,000 


From  the  foregoing  it  would  appear  that,  compared  with  last 
year,  there  is  a  decrease  of  14,000  bales  this  year  in  the  week's 
shipments  from  Bombay  to  Europe,  and  that  the  total  movement 
since  January  1  shows  an  increase  in  shipments  of  28,000  bales 
compared  with  the  corresponding  period  of  1874. 


B.NoTember  20,  1875] 


THE  CHBONICLE 


493 


WsATHXB  Reports  bt  Tklkoraph.— Thve  has  been  some 
nin  In  the  South  the  past  week,  bat  not  lo  much  in  most  sec- 
tioas  M  to  materially  interfere  with  pickinjr,  and,  conaeqaently, 
fair  progreaa  has  been  made  in  securing  the  crop.  Cold  weather 
and  a  killing  trout  are  reported  from  some  i)ointa  which  hare 
hitherto  been  exempt.  But  a  considerable  portion  of  the  cotton 
Mction  waa  not  thus  rlaited.  In  the  upper  half  of  Texas  the  growth 
of  the  plant  was  checked,  but  all  oar  reports  from  that  State 
■how  that  they  have  made  all  the  cotton  they  can  pick,  anJ  that 
the  frost  therefore  has  done  no  barm. 

Oalteiton,  Tma: — We  have  had  two  days  on  which  there  were 
alight  shower*,  the  rainfall  reaching  only  eight  hundredths  of  an 
inch.  There  has  been  a  severe  frost  this  week  in  some  parts  of 
the  State,  but  the  aceoants  with  regard  to  it  are  eontlicting. 
OoobUeM,  however,  the  low  temperature  baa  killed  the  plant  in 
the  northern  half  of  the  State.  In  some  sections  the  high  wind 
prevented  frost.  In  the  coast  belt  the  plant  is  still  growing.  The 
thermometer  here  has  averaged  09,  the,higliset  being  77  and  the 
lowest  49. 

A^ioMte,  Tbaof. — There  has  been  no  frost  here  as  yet,  but  we 
very  narrowly  escaped  it  this  week.  %  It  sprinkled  on  one  day,  the 
rainfall  reaching  one  hundredth  of  an  inch.  The  thermometer 
has  averaged  S5,  the  highest  being  78  and  the  lowest  4). 

ConieanM,  naai. — loe  formed  in  this  vicinity  on  Tuesday  and 
Wednesday  of  this  week  and  the  cotton  plant  was  killed,  but  still 
W9  ahaU  make  about  as  mnch  as  we  can  pick.  There  has  boen 
no  rain.  The  thermometer  has  averaged  96,  the  higheat  being  79 
and  the  lowest  27. 

DaOat,  2Vm«. — We  have  had  a  killing  frost  this  week,  ice 
having  fafmsd  both  on  Tuesday  and  Wednesday  night,  killing 
▼afstatioa.  No  serioas  damage  haa  been  done  to  eotton,  how- 
orer,  as  we  shall  bo  doing  all  we  could  do,  if  we  Mve  what  ma- 
toras.  It  has  been  cold  and  dry  all  the  week,  the  thermometer 
having  averaged  OS,  the  highest  being  75  and  the  lowest  37. 

ifsts  OrUant,  L»Mimaita. — We  have  had  warm,  soltry.  wet 
weather  the  past  week,  the  thermometer  averaging  OBi  There 
waa  a  troat  here  to-day,  bat  not  a  killing  frost. 

Skmtoerl,  Loumama.— On  Saturday  fast  there  was  a  shower; 
and  on  Wednesday  a  sharp  frost,  though  oo  damage  was  done  to 
eottoB.  Keoelpis  are  heavy,  the  quality  averiginf  ordinary. 
Rainfall  for  the  week  one  hundredth  of  an  taeh.  Avenge  tber- 
nometer  SQ,  highest  8S  aad  lowest  82. 

VUUburg,  MiitimippL—U  was  showefy  ksn  oa  thne  days  of 
the  past  waek,  the  raloMI  rsaehlng  sixty-flve  knadredtlM  of  an 
Inch.  The  thetnooieter  has  averaged  00,  the  higksM  being  72 
aad  the  lowest  48. 

CWwaitMS,  Kmiuippi. — There  were  two  ralav  days  (showery) 
at  this  polat  this  week,  the  rainfall  leaehing  eighty  seven  hun- 
dredths of  an  Inch.  Average  thermoaetar  for  the  seven  days  03, 
hichast  80  aad  lowest  .V). 

IMtU  Btek,  Arkanm*.—\\  baa  been  elotidy  most  of  th«  time 
daring  the  week,  yet  we  hare  bad  no  tain,  'it  Is  now  warm,  but 
has  been  oold,  the  Ihermomctar  braehlng  twenty -eight,  the  liixh- 


the 


set  beisg  00  anil  the  average  iO. 

JfosMOs.  TsMMMM.— It  has  rained  here  on  three  day 
ralafall.  however,  aggregating  only  flfty  nine  haodredihs  »t  as 
inch.    The  therMOOMtsr  has  averaged  4S,  the  highest  being  W 
awl  the  lowsM  88. 

Mmmfkit,  Tmmmmt.—'W*  had  rain  o«  om  day  of  this  week.  tW 
ralafall  reaching  eighty- Ave  hnadrsdtha  of  an  Inch.  Avi-ragv 
thermometer  fbr  the  week  40,  Mgbest  80,  lowest  41.  Plantera 
are  sending  their  crop  to  market  very  freely. 

MobiU.  AMmma.—Thn  weather  here  the  post  week  has  U-w 
warm  and  sallry,  with  a  light  shower  on  oao  day.  To  day  it  is 
eloody  aad  threateaing.  Average  tbemoaMlsr  for  the  week  01, 
hi^est  TV  aad  lowest  41. 

Jfim^yoawry,  ilIa6a«M.— It  was  rainy  on  two  days  the  earlier 
part  of  the  week,  hat  the  latter  part  was  clear  aad  pleosoat.  The 
lolalkll  rsaehad  a  total  ofoaelachaad  twenty-four  haadr<-<itlis. 
The  theraeoieter  has  aTciaged  08,  the  highest  belag  79  soU  the 
lowaal88. 

/MsM,  iUotoaM.— We  had  rain  on  two  dsvs  of  the  nest  week, 
tlM  ralafall  reaching  ninety-two  hundrodihs  of  aa  incli.  The 
thermometer  has  averaged  •W. 

MaMtam,  JTsr^rfa.— "ftere  wore  two  lality  days  hero  the  early 
part  of  the  past  week,  the  rainfall  reaching  ihirtv-oae  humitediha 
of  aa  Inch.  The  latter  part  of  the  week  was  clear  and  pleasant. 
The  thsrwowster  has  averaged  68.  the  highest  being  76  anl  the 
lowest  OOl  Abevt  three-qaartera  of  the  crop  In  this  vicinity  has 
now  beaa  aaiketed. 

Mmm^  Ostfyfo.— It  rained  with  as  on  tem  days  of  this  week, 
Tf  iherioittar  has  averaged  M,  the  higheat  being  79  and  thO 
lowest  84b 

Attmnta,  Qtmrgta. — There  waa  a  thower  hers  on  oite  day.  the 
test  of  the  weak  beiur  pleasant.  The  thermomotHr  Iim  arrragsd 
08.  the  eibHMS  beGig  73  aad  28.  Total  raiaf«:l  for  the  week 
sis  hoaAredths  of  aa  Inch. 

Ottmmtiut,  0«prgim.—\\e  have  had  two  rainy  days  during  tha 
post  week,  the  ralntiUl  reaching  one  Inch  aad  fifteen  hnndr<Mltha. 
Average  thermometer  daring  same  period  96,  highest  70  aad 
loweat  84. 

flssaaaa*.  OMryio.— The  weather  this  week  has  be<-n  warm 
aad  dry.    AraageUMnaoBetet  01.  hJ^MStSl  and  lowest  04. 


Augutta.  Georgia. — It  has  been  showery  the  latter  part  of  the 
week  on  three  days,  earlier  in  the  week  it  being  clear  and  pleaii- 
ant ;  the  total  rainfall  baa  reached  fifteen  hundrddths  of  an  inch. 
The  crop  is  being  sent  to  market  fn^ely,  about  40  per  cent,  liaving 
been  marketed.  The  thermometer  has  averaged  al\,  the  highest 
being  81  and  the  lowest  33. 

Okarluton,  South  Carolina. — There  was  a  rainfall  hero  during 
the  week  past  of  five  hucdredths  of  an  inch.  The  thermometer 
has  averaged  GO,  the  highest  being  7'J  and  the  lowest  3S. 

The  following  statement  we  have  al^o  received  by  telegraph 
showing  the  height  of  the  rivers  at  the  points  named  at  3  o'clock 
Nov.  IS.  We  give  last  year's  figures  (Nor.  20, 1874)  for  com- 
parison. 

^Nov.  18.  '75^      ^Nov.  SO,  •74.-, 
Feet.       luch.         Feet,        Inch. 

New  Orleans.. Below higb-water  mark II  8  it  8 

Memphis Abore  low-water  mark 9  7  3  It 

Naibnile.  ...Above low-watrr  mark 11  9  lu  0 

Sbrereport.... Above low-wsier  mark 6  1  4  8 

VlcksbiUK....AbOTe  low-water  mark 8  8  J  11 

New  Orleans  reported  below  high-water  mark  of  1871  until 
Sept.  9,  1874,  when  the  zero  of  gauge  was  changed  to  high-water 
mark  of  April  IS  and  16,  1874,  which  is  0  lOths  of  a  foot  above 
1371,  or  16  feet  above  low- water  mark  at  that  point. 

QUHXY  B.\as,  Baooiko,  kc. — The  market  for  bagging  during 
the  week  has  ruled  quiet  and  but  few  lots  are  changing  hands. 
The  large  transactions  of  the  previous  ten  days  have  reduced 
stocks  to  such  an  extent  that  holders  arc  very  tirm  as  to  price, 
and  do  not  seem  inclined  to  shade  quutatlono.  The  figure  they 
are  asking  is  12|<t^l2ie.,  with  a  dianro  of  some  lots  being  still 
obtainable  at  IS^e.  cash.  Bales  are  quiet  and  nominal  at  Ql<^^. 
for  India.  Romeo  is  cloaed  out  here.  Boston  price  is  12c.  Bags 
are  quoted  at  13c.  for  440's.  Butts  have  ruled  very  firm  and  sales 
are  making  of  small  lots  at  3c.,  cash  and  time.  The  stock  on 
hand  is  verv  light;  sales  of  400  bales  at  3c,  cash  and  time,  tho 
market  doaing  firm  at  3c. ,  cash.  Distant  arrivals  are  to  be  had  at 
ttSf^e.  currency;  3^.  gold,  duty  paid,  time. 

Crop  Reports  fob  Novembeb.— This  week  the  November 
crop  reports  of  the  Agricultural  Bureau  and  of  the  Cotton 
Exchanges  hare  been  iasued.  la  a  a«parato  item  wo  give  In  full 
tke  reports  of  the  Eiebaoges,  as  so  much  interest  cruires  upon 
the  polola  oovered  by  them.  But  for  the  better  imderstaoJing 
4if  both  daeumeota  we  have  worked  oat  the  conclusions  upon  the 
baais  oi  last  year's  actual  yield. 

AORICt'LTUR.VL   BfRE-Kf   REPORT. 

The  report  of  the  Bureau  this  month  makes  a  direct  comparison 
"of  the  product  of  this  year  with  that  of  1874,"  the  "  State  per- 
"esatages  repreaeniing  the  aggregate  quantity,  as  ermitar^d  with 
"  last  year,  beioe  as  follows  :  North  Carolina,  91  •   >rollna, 

■'76;  6eorgia,74;  Florida.  00;  Alabama,    103;  ,111; 

"  Loalalaaa.  100;  T<-xas,  114;  Arkansas,  135  ;  ieiiinaree,  110." 
As  tbsss  flgores  are  thus  stated  to  be  the  peroentages  of  yield  as 
esnpared  with  last  year,  the  total  which  tuey  are  intended  to 
lepisasnt  is  easily  Indicated,  and  may  be  seen  In  the  follow!  og 
l: 


Suua. 


Act  sal 
TIeM. 

North  Carolina 879,000 

Seoth  Carolina 400,000 

Oaarala 080,000 

ViMMa 68,000 

Alabama 600,000 

mariaslppl 900,000 

iMlaiaaa 879,000 

Taaas.  479,000 

Atkaaoaa 839X100 

Teaasweo 210,000 


Tear  sedlBg  Beptsnbcr  1  .- 

ins.  .   .  a l>T«  - 


Total 8J838,000 


bJUo 
PwoIbI. 

01 

76 

74 

90 
102 
111 
100 
114 
189 
110 

lOOi 


Ksllmate. 

yield. 

2.V);Z90 
801,000 
4O7.U0O 
66,700 
.  612,000 
610,500 

941,900 
492;i90 
848,600 


3358,800 


We  thas  sso  that  tbalgurea  of  the  Borean  indicate  a  crop  of 
aboat  SJBBS;B00  balsa. 

OOTTOir  BXCHAJTOB  BEPORTS. 

la  giving  the  pereeatagee  of  increase  or  decrease  in  each  State 
IhMl  the  Cotton  Exchange  returns,  there  is  a  possibility  of 
laaeeofney  oo  our  part  io  those  cases  wUere  a  State  is  divid<Kl 
kslweea  two  or  more  Etcbanges.  'Ibe  following,  however,  wilt 
rikow  at  a  glance  the  aathority  for  the  percntagea  we  have 
adipla^t^bd  if  oar  reedera  will,  io  the  same  c<mnectIon,  com- 
pare the  terrltijry  eovered  by  each  Exchange  they  will  anJerstand 
the  reesoa  for  the  averages  thus  taken: 

Stale  trmga 
Blale.                        OottoD  Kxekange  Reports.  wo  ■•dupi. 

w  r..M_.   I  As  tkars  U  BO  repon  we  follow  the  Axrictiltnral  >      /)'>v<K. 
«.  vAWKjaa.  I     BareaBifuras 

B.  C«BOLlJiA....Cbarl«stoa  Kzckaag*  tt  per  ceat.  decrease ,  , 


tSaTaaaah  Kxchasge,  over  10p«rccnl.  decresM... 
•  I  Aagasu KacheBge,  laioM  prrcpni.  drcrease... 


FiOBSi eanoDak  Kzcboage,  IB  per  ceot.  dccreaao 

MoMIe  Ezehaas*,  aboet  10  per  eeaL  laeresss 
NuhvUta  Kaahaage,  10  par  cent,  decrease. . . . 


AaaaaMA. 


Jli,   riMf, 

'14  rcrceut 

Utcrtat, 
IS  per  cent 

.     /serMst, 
10  pw cent 

Inertatt. 
'It  percent 

1)1  prrreat 

TSXAS Oalreston  Kxchaoge,  41  per  cent  locrease j  4a'p«cciit 

.__._..       I  Xcw  Orlaaaa  RxCiaase  "/iiAy"  CO  p.  CL  locrsase  I     Inertatt, 

*■"*"**—•'  Memphis  Kxchaoce.M  per  ceat  Increase (48p«rcen 

■  ■   —  ,    /^trtof, 

.flwpsrceat 


Memphis  Bxcfeoan.  I  p<'r  eeal.  dMrea«e 
NewOrleaas  Kiebanite,  IS  to  It  per  oeni.  Increase 

Mobile  BxrbSBga,  aboai  IS  per  cent.  Increaae 

Memphis  behanite,  U  per  cent,  Ikcreaae 

Lomstaaa New  Orleans  Kzchaoge,  "/WO^"  It  p.  e.  Increase 


Memphis  Kxehaaa*.  18  per  osDt.  la 
MsshvlUe  axsha^e,  n  per  OMtt.  di 


494 


THE  CHRONICLE. 


[November  20,  1875. 


TUe  above  being  assumed  as  the  correct  average  for  each  State 
and  calliQg  last  year's  crop  100,  tUe  foUowiag  will  express  the 
Tear's  result  according  to  this  authority  : 

, Vear  ending  September  1, . 


States. 


1875. 
Acluil 
Yield 

North  Carolina ,275,000 

South  Carohna 400,000 

Georgia 550.000 

Florida 63,000 

Alabama 600,000 

Mississippi 550,000 

Louisiana 375.000 

Texas 475,000 

Arkansas MS.OOO 

Tennessee 210,000 


Cotton  Ezcbaneeii. 

'cr  cent. 

Yield. 

91 

250,250 

77 

308,000 

86 

473,000 

85 

53.5.50 

110 

CGO.OOO 

114 

CJ7,000 

112 

420,000 

142 

674,.500 

143 

475,700 

no 

231,000 

103 


4,178,000 


Total'.: 3,833,000 

The  above  shows  that  the  Cotton  Excbanga  returns  point  to  a 
crop  of  4,173,000  bales,  while  the  Bureau's  flgure.s  would  indicate 
a  yield  of  only  abjut  3,852,800  bales. 

The  Aonicci.TnRAL  Bureau  and  the  Cottox  Exchanok.— 
A  committee  of  the  Cotton  Kxchange,  headed  by  the  President, 
Mr.  Henry  Ilents,  had  the  following  conver.satioa  by  telegraph  last 
Monday  night  with  J.  R.  Dodge,  the  statistician  of  the  Agricul- 
tural Department  at  Washington,  on  the  subject  of  the  report  on 
the  cotton  crop  : 

Mr.  Ilentz— I  am  anxious  that  a  correct  interpretation  of  the 
yield  of  cotton  compared  with  last  year  shall  be  cabled  by  our 
Exchange  to  Europe  tonight. 

Mr.  Dodge — Yours  received,     \\hat  can  I  do  for  you? 

Mr.  Hentz — Is  your  report  this  afternoon  based  upon  the  con 
ditiou  or  the  yield  as  compared  with  last  year  V 

Mr.  Dodge — Comparison  with  the  crop  of  last  year  as  reported 
during  the  first  weeli  of  November. 

Mr.  Hentz— Do  you  mean  that  last  year's  aggregate  crop  repre- 
sents 100,  and  that  we  have  to  make  deductions  and  additions 
according  to  your  percentage  given  for  this  year's  yield  ? 

Mr.  Dodge — Yes.  The  present  figures  are  percentages  respec- 
tively of  each  State's  aggregate  of  last  year. 

Mr.  Hentz— Then  we  understand  that  this  report  is  a  percentage 
of  yield  of  last  year,  and  not  conditional  ? 

Mr.  Dodge — Returns  of  condition  end  with  October.  Our 
November  returns  are  always  a  direct  comparison  with  the  aggre- 
gate yield.  Local  estimates  are  received  by  counties  tabulated 
hero,  and  an  average  made  for  the  State. 

Mr.  Hentz — From  the  reading  of  your  dispatches  received  this 
evening,  we  understand  these  are  comparisons  with  last  year's 
yield,  and  that  the  crop  baaed  on  these  percentages  will  not  exceed 
4,000,000  bales.  Your  Department  did  not  issue  any  report  in 
November  last? 

Mr.  Dodge — A  report  was  issued,  but  no  synopsis  wag  tele- 
graphed. 

Cotton  Exchange  Crop  REroRTS  for  November  1.— The 
following  cotton  crop  reports  of  the  various  Cotton  Exchanges 
have  been  received  this  week: 

Galveston  Devartmeut 

covers  the  Slate  of  Tecai,  and  was  prepared  and  Issued  by  the  Galveston  Cotton 
Kxcbange,  through  their  Committee  oc  Information  and  Stati.»tics.  composed 
of  J.  S.  Orinnan,  CUairraaD,  TUco.  O.  Vogel,  G.  W.  Kmbiey,  H.  Baljer,  il.  I. 
Anderson. 

Texas.— These  answers  are  condensed  from  74  replies  received 
from  45  counties,  and  are  based  upon  mail  accounts  ending  the 
5th  of  November. 

74  correspondents  report  the  character  of  the  weather  favorable,  and  racro 
favorable  than  last  year.  74  correspondents  report  no  killiug  frost.  10  counties 
report  one-half,  21  counties  two-ihirda  and  14  counties  three-fourths  of  the  crop 
picked.    The  pickiuii  will  be  fiulshed  by  the  l.'iih  of  November  in  B  counties. 

ijr  the  l8t  of  December  in  20.  by  th  j  Kith  of  Decern  'er  in  \i,  and  by  the  tlrst  of 
January  in  7.  7  c  >uut:os  report  the  yield  same  as  last  ye.ir,  6  couutiea  report 
an  Increase  of  10  per  cent,  i)  of  i.5  per  cent,  9  of  50  per  cent,  8  of  lOJ  per  cent, 
aud  3  of  200  per  cent ;  2  ciuinties  report  10  per  cent  dccreas<!,  and  1  .35  per  cent 
decrease.  Tliese  reports  of  increase  and  decrease  show  an  average  increase  of 
41  per  cent.  Our  corresp  indents  gcnorally  agree,  if  no  killing  frost  in  two  or 
three  weeks,  that  the  lop  crop  will  mature,  and,  in  many  counties,  add  materi- 
ally to  the  yield. 

New  Orleans  Department 

covers  that  part  of  the  Stale  of  MUHiiippi  not  ap'iorlioned  to  the  MemphU 
and  Mobile  Cjtton  Exchanges;  the  entire  Stat'-  of  Loa'islana  and  the  State 
of  Arkansas,  south  of  the  Arkansas  River.  The  report  is  prepared  and 
issued  by  the  New  Orleans  Cotton  Exchange,  through  their  Committee  on 
Information  and  Statistics,  composed  of  Harrison  Watts,  Chairman.  .T.  V. 
Richards,  Willium  A.  Gwyn,  R.  C.  Cammack,  Edward  Morphy,  and  W.  C. 
IdlmmODS,  Jr. 
Louisiana.— Forty-three  replies  from  twenty-eight  parishes. 

The  weather  is  reported  as  less  favorable.  A  little  more  than  one-half  the 
croy  hud  been  gathered,  and  with  favorable  weather  all  will  be  fathered  by  the 
first  of  Januiry.  The  yield,  as  compared  wllh  last  year,  will  increase  fully  12 
per  -ent.  There  had  been  no  killing  frost,  but  conjideiable  damage  had  been 
done  by  storms. 

Arkansas. — We  have  received answers  from  twenty-two 

counties. 

The  weather  Is  generally  reported  favorable  for  gathering  the  crop,  forty-flve 
per  cent  of  which  is  already  picked.  Light  frosts  liave  occurred  intheStite 
from  the  ITilh  to  the  80th  of  October,  but  almost  universally  reported  as  having 
doneno  (lumage  to  ihecrop  Rust  and  rot  have  Injured  the  crop,  the  average 
yield  being  fully  60  percent  hi  excess  of  last  year.  The  crop  will  be  all  gathered 
by  tl^e  first  week  in  Ja>  uary.  Rot  and  lUst  hav6  injured  the  crop  between  3 
and  4  per  cent.  The  yield  Is  represented  as  generally  better  than  last  year, 
some  connties  stating  as  high  as  three  bales  for  one,  the  average  yield  being 
fully  50  per  cent  better. 

Mississippi.— Fifty-two  replies  received  from  this  State,  the 
average  date  being  the  1st  instant. 

They  report  the  weather  favorable  and  ab™t  the  same  as  last  year.  About 
45  per  cent  Is  reported  as  picked,  and  it  is  cuicQlated  that  the  crop  will  he 
gathi)red  by  the  luat  of  Ueremi>er.  Picking  baj  been  retarded  lu  aoin«  counties 


t. 


by  sickness  among  the  laborers,  and  In  others  by  the  late  election.  Rust  and 
rot  have  injured  ih  •  yield  from  5  to  7  pjrcent,  which  it  is  reported  will  exceed 
laet  year's  by  from  12  to  15  per  cent. 

Mobile  Department 

covers  the  StiUt  of  Alabama  as  far  north  ss  the  summit  of  the  Sand 
Mountains,  and  Wi*^Wto'W/i7  counties  in.  Afunlsidpfii :  Wayne,  Clarke,  Jasper, 
Lauderdale,  Newton,  Kemper.  Nesholso,  Noxubee,  VTinston.  Lowndes, 
Oktiblba,  Colfax,  Monroe.  Chicasa\v;  Itawamba,  Lee,  Pontotoc,  Prentiss, 
Alcorn  and  Tishamingo.  "The  report  is  pn^pared  and  Issued  by  the  Mobile 
Cotton  KxchaLge,  thn>UL(h  t'leir  (Jomnilttee  on  luformatioa  aud  Statis- 
tics, composed  of  T.  K.  Irwin,  chiirmin,  J.  1".  BIllupj,  G.  0.  Dnffoe,  Geo.  t'. 
Wats  )n  and  Julias  Buttner. 

Alabauiai— 78  letter.-)  from  40  counties. 

The  weather  since  October  1st  has  been  generally  favorable  for  gathering  the 
crop.  There  liave  been  slight  frosts,  bat  no  material  damage  therefrom.  Nearly 
two-thirds  of  the  crop  has  been  picked,  and  planters  expect  to  fluisli  th^u 
work  between  November  15th  aud  December  1st.  Some  few,  however,  will 
not  have  entirely  linLshed  before  January  1st.  In  10  counties,  composed 
chiefly  of  prairie  and  bottom  lands,  the  average  increase  will  b;  aiV(  per  cent 
over  last  yearV  yield.  In  14,  consisting  of  fair  averag*.'  lauds,  the  yield  will  be 
ahont  the  same;  and  in  9,  composid  chiefly  of  uplands  and  Jooaled  in  the 
eastern  and  southeasicrn  portions  of  the  State,  the  decrease  is  ei-timated  at 
about  25  per  cent.  The  damage  by  rust  has  not  been  mnterLi!.  la  yi  counties 
the  average  damage  has  been  about  14<l^  per  cent  from  the  August  promiso. 

Mississippi. — 85  letters  from  13 'counties. 

The  weather  since  October  Ist  his  been  very  favorable  for  githering  the 
crop.  Tliere  have  been  slight  frosts,  but  no  m  iterial  damage  therefrom.  Abou  t 
lialf  the  crop  has  been  picked,  and  planters  do  not  expect  to  be  through  with 
this  woric  before  the  first  to  the  middle  of  December,  some  of  them  not  before 
January  Ist.  i;i  counties  report  an  average  Increase  over  last  year  of  17  per 
cent;  3  report  the  yieM  as  the  ^amn.  and  2  a  decrease,  viz.:  Jasper.  20  per  cent, 
and  Itawamba  2.i  per  cent.  The  recent  political  canvass  and  sictuess  have 
retarded  the  harvesting  of  the  crop  to  some  extent.  The  damage  by  rnst  hu 
not  been  material  in  this  State. 

Meinplils  Department 

covers  the  State  of  Tennemee,  west  of  the  Tennessee  River,  and  the  fol- 
lowing counties  in  Mississippi:  Coahoma,  Panola.  I.Afayette,  Marshall, 
De  Soto,  Tunica,  Benton  and  Tippah,  and  the  State  of  Avkanttas  north  <if  the 
Arkansas  River.  The  report  is  prepared  and  Issued  by  the  Mernphi.^  Cotton 
Exchange  through  tlieir  Committee  on  Information  and  Statistics,  composed 
of  S.  M.  Gates,  Chairman;  W  A.  Goodwin,  C.  T.  Curtis,  J.  R.  Goodwyn,  T. 
S.  Ely,  Geo.  Winchester,  and  nender.-!On  Owen. 

Tennessee.— 68  answers  received. 

Oar  correspondents  report  47  per  cent  of  tlie  crop  idckcd.  Pickin"  season 
wUl  end  about  Dec.  20.  The  total  production  shows  an  increase  over  last  year 
of  18  per  cent.  The  crop  Is  very  late  and  conge^iueiitly  liable  to  serious  damage 
by  frost.    Picking  delayed  by  sickness. 

Mississippi. — Forty-six  responses  have  been  received. 

It  is  estimated  that  35  per  cent  of  tlie  crop  is  picked  and  that  picking  will  be 
finished  about  Jan.  14.  The  production  th:s  year  will  be  15  per  cent  in  exceii 
of  1874.    Political  excitement  and  sickness  have  delayed  picking. 

Arkansas.— Forty  responses. 

About  42  per  cent  of  the  crop  picked.  It  is  estimated  that  picking  will  be 
completed  Jan.  11.  There  will  be  an  increase  In  production  this  year  of  34  per 
cent.  Picking  has  been  seriously  retarded  by  sickness  and  also  by  laborers 
holding  off  for  high  wages. 

Of  all  our  correspondents  in  Tennessee,  Mississippi  and  Arkansas,  ciglity 
report  killing  frost  from  the  flth  to  the  20th  of  Oct.,  the  average  date  being 
Oct.  14,  causing  an  average  damage  of  6  per  cent ;  forty  report  no  damage  ; 
twelve  report  a  beneficial  eft'ect,  and  eleven  no  killing  frost. 

Alabama. — Twenty  eight  renponses. 

14  correspondents  report  favorable  weather,  0  more  favorable  than  last  year 
and  5  about  the  same.  All  report  a  killlDg  frost  from  the  lOlli  to  the  IHth  : 
11  report  damage,  3  no  damage  ;  e-timated  average  djmfli;e  11  per  cent.  The 
crop  Is  46  per  cent  picked.  It  is  estimated  that  i ho  picking  season  will  close 
by  Dec.  17.  Five  reports  show  increased  production,  9  about  the  same,  and  7 
a  decrease  ;  estimated  decrease  1  per  ceut.  The  crop  is  reported  to  have  been 
very  backward,  very  green,  and  growing  when  overtaken  by  killing  frost. 
Throe  reports  show  damage  by  rust,  3  by  rot,  and  11  no  damage;  estimated 
damage  2)tf  per  cent.  Twelve  answers  report  the  laborers  working  well,  3  not; 
causes  sickness  and  depression  by  low  prices. 

Nasliville  Department 

covers  Middle  Tennessee  east  of  the  Tennessee  liiver,  and  Ihe  following 
Coanit'8  of  ylfoiama  .-—Lauderdale,  Franklin,  Colbert,  Lawrence,  Morgan, 
Limestone,  Mad. son,  Marshall,  Jaclcson,  DeKalb  and  Cherokee.  The  report  is 
prepared  and  issued  by  the  Nashville  Cotton  Exchange,  through  their  Commit- 
tee on  Statistics  and  Information,  composed  of  James  B..  Ci-aig:iead,  11.  11. 
McAlIster  aud  Edgar  O.  Parsons. 

Tennessee. — Thirty-one  replies  from  eleven  counties. 

They  report  the  weather  could  not  have  been  more  favorab'e.  A  k  lling  frost 
occerfed  Oct.  10(i;i!5.  Estimated  damage  averages  .W  per  cent.  From  onelialf  to 
two-thirds  of  the  crop  Is  gathered;  picking  will  be  finished  about  Nov.  2  '.  The 
average  of  SO  replies  shows  a  yield  of  3.!  per  ce  it  less  than  last  year.  The 
damage  by  frost  was  owing  to  the  fact  that  the  chilly  weather  in  September 
prevented  the  maturing  of  the  bolls,  and  whon  the  frost  came  it  made  u  clean 
sweepof  ihe  unripened  frnit.  A<  a  general  thing,  tb.;re  is  no  complaint  of 
labor,  and  no  accoiin  s  of  damage  from  rust. 

Alabama. — Twenty-six  replies  from  thirteen  counties. 

Weather  and  days  of  frost  same  as  in  Tenne»fee.  Damage  from  frost  esti- 
mated 5  per  cent.  Ha  f  the  crop  is  picked  aud  tlie  balance  will  be  gathered  by 
Dec.  1.  Tlie  average  of  31  answers  estimates  the  crop  at  10  p*'r  cent  less  than 
last  year.  The  frost  did  the  cotton  no  damage  ;  several  report  It  as  having  been 
ofbeneflt.  Generally  there  Is  no  complaint  of  late.  With  the  exception  of 
two  or  three  correspondents  who  attribute  the  decrease  in  yield  to  rust,  Ihe 
replies  iudicatc  that  tlierc  h-.s  been  no  rust. 


Sarannali  Department. 

This  report  covers  A"(>;'W«/'«,  MiddU,  and  Soiithivcftern  Geoiyii  (bein^  all  of 
Geo-gla,  except  the  2S  counties  in  c'large  of  the  Augusta  Cotton  Exchange) 
and  the  entire  Slate  of  Florida.  The  report  Is  prepared  and  Issued  by  the 
Savannah  Cotton  Exchange,  through  their  Conimitteo  on  Information  and  Sta- 
tistics, composed  of  .1.  H.  Johnston,  chairman,  T.  II.  Austin,  E.  I,  Moses, 
R.  W.  Simpson,  A.  Mofifat. 

Georgia. — Condensed  from  110  replies  from  54  counties. 
The  weatlier  has  been  good,  and  as  favorable  as  last  year  for  gathering  Ihe 
crop.  TiuTc  lias  been  no  killing  frost,  cxcent  in  a  tew  localities,  but  a  sliglit 
dunia''e  generally,  en  or  about  Oct.  18,Jrom"  a  light  frost.  About  two-thirds 
piclieS  out.  Picking  will  finish  in  Georgia  from  I5lh  Nov.  to  middle  of  Dec, 
according  to  locality.  The  reports  from  the  diiTerent  sections  vary  verymuch. 
The  average  decrease  for  the  state  will  be  over  10  per  cent  as  compared  with 
last  year.  The  plant  Is  small,  but  generally  was  well  fruited.  The  top  crop 
only,  on  low  lands.  Is  represented  as  coming  up  to  expectation.  The  plant  bus 
never  recovered  fully  from  the  drousht  In  July.  The  clay  land-'  have  gem  rally 
escaped  rust,  but  the  light  sandy  lauds  are  reported  as  having  been  damaged 
therefrom  over  10  per  ceut. 

Florida.— Condensed  from  37  replies  from  15  counties. 

The  weather  has  been  good,  aed  as  favorable  as  last  year.  There  has  been 
no  iujury  from  frost.  Three-fourths  of  the  crop  has  been  picked.  Picking 
will  by  finlsUed  from  middle  to  l««t  of  the  month.    The  yield  wlil  be  less  than 


November  20,  1873.) 


THE  CHRONICLE 


495 


lut— pcobkbtr  li  p«r  ccnL 

ud  tiM  Hcona  growth  after  th»  niam 


The 


Tk«  irj  wmUmt  la  July  cnt  iha  t*t\j  cotton  oS. 
>. 

a 

|i 

In   Ike 


iBlT 

Injued  bT  catarpUUr. 
tRMD  rut  oo  Ui«  llcht  aady  laada  la  aalteated  at  10  per  cast. 


AngwU  SapavteMit 

itiaa  of  Otorfia  not   Inclnded 


Mtportt 

la  laaaii  hj  Um  Aagaati  Cotton  Kzcliance,  throach  Ikair  Oommittea 

iaiat— Hon  and  SUtUtica,  compoaad  of  L.  L.  ZaUrafr.  Chairman,  J.  J. 

,  r.  W.  Bet*.  K  W.  Haard.  L.  C.  Nowen.  A.  M .  Bcoaon.  Wm.  M.  Bead. 

0— hUl — ATerage  data  o(  replies.  November  1. 

Wia  tka  azccpOoa  of  anna  local  ralna  in  Um  aarlr  part  of  Oe:.,  the  weather 
keabaandiTaad  rer;  tenaable  for  picking.  The  majorlt;  of  our  replies 
tapoat  ika  nwatk  aa  aaore  (krorable  than  la  lift*.  Klllliw  tMaia  are  reported 
mm  tko  IMh  and  ITIh  of  October.  Late  cotton  la  reportadaa  danand.  lbon«h 
Am  Injwjr  la  amad  to  bare  baas  Ineonaiderable,  the  crop  baTiac  aatared 
raptdly  piarlooa  to  that  data.  The  damafe  la  eartaialy  ao  giaatar  than  la  anj 
aranca  jrear.  Aboot  balf  at  onr  eonaapoadenta  report  tare  tfeMa  of  the  crop 
aa  pidEad.  tka  balance  tbro».foaftk«.  aad  a  vary  <**  aa  ttmtk  aa  aetaa  aitfata. 
TkacaaaniapiaioaaaaaMtDbathatpicklatwfll  b*  eoapla«ad  batweea  the 
Ulh  aad  MIk  or  Hevaaber.    Twehre  rapHeali    ' 


t&ble  shoario^  the  exports  of   cotton   from  New  York,  and  their 
direction,  for  each  of  the  last  four  we^a;  also  the  total  exports 
and  directioa  since  Sept.  1,  1873;  and  in  the  last  column  the  total 
for  the  same  period  of  the  previous  year. 
Bxportao(CottoB(kalaa)rtroHiIfew  VorKelBeeBept.I,  I8TC 


aad  laaad  by  t'le 
oa  lifwatliM  aad 
.  J.  IlcOanaKk.L. 


. ntjTL 

afnBaroeptkanwnaaapertadamonth  acn.  Tka  daaiata  by  fraat  la  Tery 
iMjuaaHwabla.  ptohably  aot  orar  two  per  cent,  as  II  oeir  ItUled  tka  yoaaceat 
bolla,  wHkoatplin^nff  aack  as  ware  falriy  crowa,  aad  which  It  ready  keli>ed 
tsapaa.  Baaldaa^ tkere waa bat Httle laU  eottoala  tkia  aaetloa  sab)aet  to 
daa!lca,aoataf  llbavlnciiaihndaataraiy  fraai  lbs  diondhL  There  aeama 
ta  bo  a  taaaral  aaaatalty  of  ophdoa,  that  eoMoa  doss  aolytaMaa  van  as  la«t 
rear,  laiialihif  man  aaad  sptina  la  HSka  a  apocUa4  SBoaat  of  BaL  The 
aaaaaa  Vy  ni»<  baa  been  rery  nneqaal  la  dlliirant  locaHtlsa.  Oar  reporu  range 
freai^  Tery  Htile"  to  ■*  Iweaty-tvo  per  seat  teas."  h  la  hanrnalWo  to  {fre  an 
ar^ua.    Ths  prtadpal  rtamiff  was  daas  by  tka  droaghl,  aad  eoasaqaest 

CharlestoB  Dsy«rtaieat 

eerart  Ike  AaM  «r  AaA  CkraBaa,  aad  la  nnparad 
C^HKos  CMtsa  bcksM,  IkroMh  Ihalr  <>aa«ltta« 
aMtlatka.ea«naaadaf  Jas.7.  XardsA  Cksfraaa,  Wb 
J.  Walker.  J.  fi.  Thoavaaa,  W.  X.  Ststfwaa 

Strntk  CaroliMb— CoBtlaMad  Imh  M  repliaa  reeelTad  from  37 
eoaaUea ;  aTvrage  date,  Ool.  1. 

^■s  wselaar  avtaf  Oelsksr  sae  beaa  vary  lawaHs  nv^taanaf  las erop, 
MBanVyaaosoihaalMtTCsr.  Tkara  »aa  a  hBhaa  l>aat  <bisadkBat  tk» 
l<alaaatks(TlkcrOel.dofagsa*adaM«slolitaeaiMa.  bat  harlac  little 
eftd  sa  aMsl  of  Ike  crop,  »«  aadlatly  dry  aaslta.  aad  la  ssaay  sactleae  the 
froef.  berlaa  sasaad  l>  to  ■atass  fy  ssily.  Tkias  Biailbsof  ihociaplaaow 
safkaaad.  aad  wllk  fhrorabto  mmikmfUSiamwia  be  Ulakad  by  tka  UU  to 
ihoJMkef  Kereakar.  Tka  aaancaylatd  win  IUIakarto<laaly<ar«  par  cant 
Tka  lalary  le  tka  crop  by  mat  baa  beaa  aaaeca  la  aaay  aartloai  of  tka  Siaia, 
bat  His  Ifiaaalbli  la  gfn  Ika  f  ~ 

report  ika  yWd  aa  Nat  INas  saad 
■jTiVsliteWOiiiaal 
M*  b  Iks  asaal  qaaallty 

LiTBBroOL.  Not.  10.— 4  P.M.— BtCaxIA  PBOM  LtTBSPOOU— 
The  market  baa  roled  staadr  to-daf .  Balaa  of  the  day  were  13,000 
balsa,  of  which  3,000  balsa  were  for  export  aad  speealatloa. 
Of  today's  sales  8/)00  balaa  were  Aaaitea.  The  weakly  M«ye- 
maat  la  girun  ■■  tollowi : 

Oct*. 
njtm 


LlTarpool 

UtksrBriUak  Potts 

Talal  ta  St.  Brttata 

HsTra 

Other  French  porta 


louU  Preach.... 

Bramsa  aad  Haaoraa. 

Bsabarg 

Other  porte 


Total  ta  K.  Barope. 

flaaia,Opona*eibraltar*c 

Tatal  apalB,  *e..., 


wna  am^iiia 


Oct. 
«7. 


(.UT 


KOT. 

S. 


ii.a» 

1,4M 


t,MT 


UtS 

na 


«raB4  TatBl. 


ifin 


m 


ia,4ia 


K,7T< 


],«7 
t3M 


4,6SS 


Not. 
10. 


U.tU 


18,151 


i,»n 

1,000 
BOO 


t,Tll 


31, on 


Not. 
17. 


14,  IW 


14,1(8 
500 


NO 

1,000 
4'4 


lt,»17 


Total 

to 
date. 


«0,»1 
1,444 


»S.1S5 
1,388 


1,18S 

9,303 

B.S3C 
»,9S5 


*4,n4 


IH 


lao 


118,(41 


Same 
period 
prer'ua 

year. 


I0t,4TB 


103,415 
1,751 


3,751 

(,K0 

8,751 

SO 


I^061 
10 


10 


130,317 


The  foUowiag  are  the  reeaipis  of  cotton  at  New  York,  Boston, 
Philadelphia  and  Baltimore  for  the  last  week,  and  since  Sept.  1,  '79  • 


Raw  Orleaaa. 

Taias 

lavaaaah 


isrea  lapllss  fMai  aMil  seaaUaa 
■adb  Isas  Ikaa  arau,  leaaMaa 
lass  B»  peaads  of  Uai.  lAaraS 


Baiaeof  Iha  weak _... 

forwarded 

of  wkkksapsttsnlaek. 

of  vMaksaaaalalentaek. 

Total  stoek'^**"^ 


of  wklCh 
ToMI 


ispaaai 

*7S 


Kev.t. 

■lid*  I      ^^ 

laaassf        ^^^ 


ll<nr.M. 

t.(M 
7.M* 


Xe<r.  It. 

•,0(0 


S'th  Oarollns 
irtk  Chrellaa 

Vbllala 

■aiiria  Porta 

Ac 


Total  Ikis  year 
ToiaHsslyiar. 


Thie 
weak. 


4.Ct{ 
U41 

i.«M 

Kvn 

(.MS 

«.««: 

80| 


Since 
Sept.  I.; 

;t 


8t.»I» 

■kdiii 

*t,488, 

1544, 
lB,iW 
IWBTI 

7t.3et, 

4.KS 

>1I7» 


3»,M     3»4,a«, 
M.HM    nM«»' 


Thia    Since 
Sept-l. 


nmaimir'ii '  I  BALnaoaa. 


«M 


>.«; 


•.Tt4 


AIM 


lAoai 
i8,a» 
aL«o 


15,787 


Mjmt 


This 
week. 


Ml 


Since 
Sepui. 


A»4S 


4.M 


Thli    Since 
week.!8epLI. 


uet 


Ml 
l,77» 
3.511 

US 


l,tK    10,813,1    7,(84 


8,996 


(.177 

(.104 

80^401 


41.418 


A(Ml  u.'Tsail  ijanl  ujan 


ef  Ike 


mjm 


MJtB 

ujm 


turn 
jLtm 


mjm       iKMo 

■M80  (MO* 

IAMB  U,(80 


of  whkk 
Th«rollo«lMtlaai4 
itpal.        lalar, 

Mid.  CpI'tU 
do    Orl'aa.. 
/VtwrML 


rm» 


IA«(" 


will 


Maa. 


M.(80 
the  deny  ((oatea  prleaa  of  eottoa  f  or  Cks 
~    a.       Wadasa.      Tkara.  FH 


.Wm  v.1^M  :VAu  :.^M  ::^m  :Z\.u 

*«  iTt:u>4T.— !To«.-De&  Mfmmtlnm  9m.  or  Chaa.,  low  Mid.  daasa^  tKA 

Okas.,  Low  MlA  daaa^  by  ail.  If 


Jaa  -Peb.  (hlaaMat 
raoalrod.  dKldd. 
larck 


MarcV  AprO  daUTafy  Itaai  Baa.  ar  Okaa,  Low  MM. 
MoKBAT.— SoT.-Oae.  rklaaaat  tnm  Baa. 


Ckas..  Low  MM. 
Uw  MM.  daaaa,  by 


ssU.  If  raqairad. 


,  •  l».l(d. 
kaaaa^  by  aall, 
■frylrafXA 

•KA 

Dec-Jaa.  *lpB»l  tHai  Xaw  Orlaaaa.  U>w  MM  daaaa.  *',i. 
Jaa-rak.  Irfi  iij  tnm  Baa-  e»  CkBL.  low  MM.  alaaaa.  (ll-Md 
P*hL-Marak  UBiiilflwBaT.  a*  Chaa.  Low  MM.  dawa,  t^d. 
T«amaT.-Oc«.-1laa.  Mfmtm  tivm  Bar.  ar  Chaa..  Low  Mid  liaaii.  by  sail 

If  laqnlrBd.  (KA 
Jaa.-P%b.  ahl| 

ra^alrsA  • 


8Birmm  Niw*.— The  esporu  of  oollon  from  the  United 
Stataa  tka  paat  week,  ••  per  ImUtt  mail  retama,  have  reached 
89J70  haled.  So  far  aa  the  Sonthem  ports  are  concerned,  these 
are  tba  auB  oxporta  reported  by  telefn^ph,  and  published  in 
Tmm  QnoanOAB  kal  Friday.  With  r>-frar<l  to  New  York,  we 
inclada  Um  iBanlfaaH  of  all  Teasels  cleared  up  to  Wednesday 
ai^ht  of  this  week. 

_  Total  balsa. 

Raw  Teas-^To  UTorpool,  par  ataswara  WyoBlM.  A7»7....Bn|riaad, 
A«B....IU<aU,  lM....City  of  KIchaMad.  1.1*1  -Baltic  3,019 
...^par  •fclpa  Wstailoo,  1,718.. ..laaac  Webb,  3,0(1. ---p«  bark 
T.  inUraiaU.8(0 


TaBaTTa,  par 
Te - 


AaerHae,B0O.. 
vBallar,  IJW.. 


m. 


■m 

1m  Marra, 


-  4,019 

Whaeler,  AOTt^nd  and 


»T.— If  or. -Doe. 
•  S-MAbM. 


Low  MIA  liaasaw  by  sen.  If 

tram  Raw  Orlasaa,  Lew  MM.  daaaa,  by  •all.  If 

r>«a  Bar.  or  Ckas..  Law  MM  daaaa,  by  aall.  if 

fMai  Baa.  or  C*aa.,  Lew  MM.  dBase,  by  aall.  If 

iTwy  tram  Bbt.  or  Chaa..  Low  MM.  daaar,  t\t. 

" Tnai  Bar.  ar  Ckas ,  Low  Mil.  cJaoaa, 

akipaaal  fraaa  Raw  Otioaar,   Low  MIA  daaaa, 

SsT.  or  rhsa.  Low  MM.  daaaa,  by  aall.  If 

Bar.  ar  Ckaa..  Lew  MM  daaa^  by  mU.  If 


Mer^Ssc,  shtamaal 

Pefc-JBaT'di&Bsat 

ra«BlfsATI»nA 

Jaa^rik.  aMsmiat 

tm!S^SS%Spniy  tram  Bbt.  or  Chaa..  Low  MM.  daaaa,  t\ 

rah  Msiak  BdHwy  tnm  Bar.  ar  Ckas ,  Low  Mil.  cJaoaa,  ili-\U. 


8  IB-MA 


PaA:: 

Dec-Jaa.  _ 
raqslraA* 

if- 


lamaal 
IMM. 


BaaBaT.  I 
ilHoa  Bbt. 


Low  MM  daaaa.  •  18-l(d- 
sr  Chaa.,  Lew  MM.  daaaa.  by  all 


l»ea  Bbt.  or  C^a.  Lew  MIA 


TauasBBT^ 


DaSKe%aB*ery  tMa  Bar.  orCbas-,  Low  MM.  dsasi^  MA 
saar.— Rea.-Dae.  aklpaaaat  fitsa  Bar.  or  v  haa^.  Law  MM.  dBaaa, 


If 
11.  If 


RledsrtiB,  psr  Mssaer  Mms,  fN 
AatwatPLBarsiasBwBta>sWRaTadB.Me 

RawOBUAsa— To  LlTarpool.  per  atraBcra  Bt.  Loala,  A10....AUca. 

BgO...  par  bark  Pedro  WaadQlIt,  3jtl 

TBBarrr.  par  ahlpa  Rstsat,  A438.... Baal afklsn.  8.989.... par  bark 

AasTO-B.  t,»4B 

*B  lasedeaB,  par  bric  Pedrlio,  414 

-Te  LlTarpooi,  per  ihlp  KbIIt  Ancni 
IIBB-To  Uaaapool.  per  ablp  J.  f.  I 
Baa  lalaad. . . .per  harha  Kioto,  3,188  Opiaad  sad  81  tf«a  lalaod 

~    l.wnplsad  aad  54  Sea  lalaad 

-  .       barks  Addle  It.  Caaa,  3,100  Vplaad....ABto. (,0*7 

ffaissi    ..    ^7    .. 

Tb  Cttwarp.'  par  aiilp  Abiai  Vjio  Upiaad .'  .■..'.". . 

Te  ■sWsNsB.  par  Berk  Riratad.  1.480  Tplaad 

TaSireaiaaa,  par  bark  Joraa  BarkiBe,  700  Upland  ...per  bria 

_fMl^4«Optead.  ..'. 

.     TeVate,  nr  aafcaeasr  Racrr  Drary,  80*  Ualaad 

8ATAmiaa-^U«noeLparabl»>  Lady  IMMa, AIBI Vplaad.  ..par 

TaBaTTa,  par  •klpS8BlkenRl^la,Ai30'upUad".l'i!'.'.'.!!!!'.illl 

Tb  »iBia.  per  berk  Akraa  Tobm.  8.488  Upland 

Te leaaL  par  sl«Bar  TTati'iilTl.f" Uplsad 

To  Maedsa^  par  bark  Mnaaa,  1  jso  Upland 

Te  asaaa,  par  whasair  tCtrr  A.  Prmry,  l.MB  OpIaBd 

TszAS-l^  LtTsnggL  par  ilaaiii  Axial,  l,7«S....rail  Taaa,  8,380 


1AI(8 
800 

1,000 

778 
>T4 
100 

10.1(1 

9,818 

414 

4,(18 


WmnsBTCa— To  LlTarpool.' iwr  bark  A.  O.  Vlnja,  1.100.... per  brli 

BBppweM.i»4...vr:...r^ r r..... 

1*oa>aaa-Ta  LtTarpoBl.  psr  bsrk  Belea  Bands,  1,(30 

B*i.tiBeaB-Te  ttTarpBoT.  per  damir  Caspian,  518 

To  IhiBiis.  par  bark  Dea  Jaaio^  (00 
Buerua    To  LlTarpool.  per  ilisaiii  Blbsriajiw.".rper'bsrii"NCT»iA'  MM 


Paii.4aBtJ«iA— To  Urerpool,  per  i 


(,490 

4.  in 
1,(00 
1,450 

1,148 
800 

A790 
A 189 
1,488 

1808 
1.880 
1,380 

AS(8 

At34 

1,(00 
518 
800 

897 


W ^v(  ...    |p«B  vmtm  a^crviUf  iniv  ovi 

ty  bf  Llmarlck,  1,800 1,800 


It  rMslrad,  (XA 


by  all, 

hyaslLlf 

.  srChss^  Lew  Mid.  daasa.  8Kd. 
■  aChas..  Lew  MIA  rtsaia.  by  asil,  if  re- 


■vao,  TB^ 

b.  ihlsBisl  ftea  Bar.  a  Ohas..  Lew  MM. 


ip»«BJ 88.(70 

The  particulari  of  Iheae  ahipmeaU,  arranged  in  oar  asaal  form, 
are  as  follows : 

LiTcr-  Bre-     Aal-  Kottar-  Barca- 

pool.  HsTTS.  aaa.  warn,  dam.  Reral.  lona.  Oaooa.  Total. 

I4,MB      880    1,0(0      MB      r4      16,(17 

1A161 


Raw  Talk 

R«      " 
MobOs, 


10,191    9,878 


aOhaa.  Lew  MM  dsassu  •  »Md 

-JowmIa 


by  all.  If 
this  we*k,  show  a 


A8I8 
A4J8 

ATBS 

8,(M 


T« 

Will _„ 

Norfolk M(0 

....  »M 


U 


At87 
Alio 


A4B5 


raashsAdlB-WA 
Fbp*t.    lea,  ddtiiBj  fwa  Bsr.  s 
Oas.-<aa.  (Btpaaal  ttea  Bbt. 

Mot.  dSBTary  fSaa  Bst. 

KoT.-Dse.  aklBaaal  froa  Bar.  or  Ckas.,  Low 
le^rsA  Oll-MA 

Tm»  KlfUMIB  OP  Oomm  from  New  York, _  _ 

tfaeraaaa.  aa  eotDpaMd  with  laat  weak,  the  total  reachin,  16.817  1     rnTlffBd- -iii ' ib.  fi!?f ■' hf?i.  ^? 
Map,  agaiaat  tl.W  balaa  1«M  week.    Below  we  giye  oSr  natial '  f,^SfaS%M>a^l^ t^M^ 


LIOO    1,480 


414 

lii48 
1,(60 


Pbllad«aiMa. 


4.018 

...  15,(7B 

1,380  1(.«I4 

...  B,((8 

....  A«4 

....  :,9ao 

....  Mta 

....  m 

....  1.8(0 


I    AOOO    ijmt    4,800    3.308    1,3(0    18,810 
from  Raw  Tork,  778  bplM  to  Bsaborf : 


-196 


THE   CHRONICLE. 


[NoTember  20,  1876 


Beloir  we  give  all  news  received  to  date  of  diaasters,  Jcc,  to 
reeaelx  carrying  cotton  from  United  Statea  ports  : 
AvKKK'A,  Btr.,  from  Savannoh  for  Balttinore,   pat  into  Charleston.  Not.  14, 

with  shaft  broken,  sustained  during  a  gtle.    She  will  repair  at  C'tiarlea- 

ton. 
W.  A.  ScBOLTSN,  Btr.,  from  New  York,  arrived  at  Rotterdam,  Nov.  1,  with  the 

aaslatance  of  three  tags,    and  after  discharging  six  llghter-luids  of 

cargo,  having  timcbod  the  ground  in  entering  port,  Oct.  30,  and  lost 

mddor  and  rudder  pot>t. 
Btatc  or  AuiBAHA,  str.    (Br.).    In  proceeding  towarda  Clover's  gravlns;  dock, 

at  Liverpool,  Oct.  SC,  and  the  steamer  Blarriz  leaving  the  gravtni;  dock, 

collided ;  the  former  had  some  frames  and  one  beam  br  iken  and  plates 

injured. 
(Jottua  (reiffbtg  tlie  past  week   have  been  as  tollows  : 


, Liverpool. , 

. — Havre.— ^ 

. itreraen. 

.^Hambarg.— > 
Steam.    Sail, 

Steam.          Sail. 

Steam. 

Sail. 

Steam. 

SaU. 

d.                d. 

c. 

c. 

c. 

c. 

c.          c. 

Saturday...  «a..         )^®V16 

■  ■(&% 

1  comp. 

1  comp.     .. 

Monday....  %&..         M®v-lii 
Tuesday 57-18      ..^5-16 

1  comp. 

1  comp.    .. 

1  comp. 

1  comp.     .. 

Wednesday  ..Sv-lC      ..®V16 

•     @?* 

1  comp. 

1  comp.     .. 

Thursday..  .  aT-18      ..@V-1« 

..©X 

1  comp. 

, 

1  comp.     .. 

Friday @1-16      .  ©5-18 

..&% 

1  comp. 

1  comp.     ., 

Market  steadv. 

Tbe  following  tables  show  the  drain  in  sight  and  tlie  moTe- 
mHDt  of  BreadstaS°8  to  the  latest  mail  dates. 

BRCRIPTB    \T   LAKE   AND  RIVRR  PORTS   FOR  THB  WRBK   KNDINe 
NOV.    13,  18(5,  AND  FROM   AUQDBT   1   TO  NOV.  13  : 


Flour, 
bbls. 
(i96  lbs.) 
41,.'i78 
46.873 
8,7.S1 


Barley,  Rye , 
busii.        bush, 

(4HlbB.)  (56  lbs.) 
H5,44<i       35.571 


«1,779 
13.7(W 
8.S69 
76,600 
<6,70« 

n,aoo 


BREAD  STUFFS, 

Fridat,  r.  M  .  November  V.i.  i»15 
The  flour  market  ruled  quite  depressed,  until  yesterda.v.  wiien 
a  steadier  feeling  was  developed,  and  there  was  oome  revival  of 
the  demand  for  export.  Early  In  the  week  tlie  local  trade  was 
very  dull ;  and,  with  English  advices  unfavorable,  and  ocean 
freight  room  scarce,  the  export  business  was  very  little  beyond 
the  current  wants  of  buyers  for  West  Indies  and  South  America. 
In  the  meantime  receipts  were  large  at  all  points,  and  wheat  de- 
clining. Under  these  circumstances  the  decline  that  took  place 
was  quite  natural,  and  fair  shipping  extras  sold  in  lines  at  %5  40® 
f5  50.  Kye  flour  has  also  declined,  but  corn  meal  has  remained 
comparatively  steady.  To-day,  there  was  more  doing  in  flour  for 
export,  but  prices  generally  not  reported. 

The  wheat  market  liaa  been  dull,  depressed  and  unsettled. 
Holders  generally  were  firm,  and  regular  grades  sparingly  oflered; 
but  the  demand  was  quite  small,  whether  for  export  or  milling, 
and  buyers  have  been  able  to  obtain  slight  concessions,  especially 
on  irregular  and  ungraded  parcels,  which  have  been  arriving  by 
rail.  Yesterday,  however,  there  was  some  revival  of  demand,  but 
buyers  could  not  generally  meet  the  views  of  holders,  and  business 
was  small ;  choice  white  sold  at  |1  50,  and  choice  No.  1  spring 
at  |1  38@1  39.  There  were  free  buyers  of  No.  2  spring  at  |l  30 
for  Milwaukee  and  $1  36  ior  Chicago,  with  sellers  at  2(%3c. 
advance  un  these  figures.  Today,  there  was  a  stronger  leeling, 
and  our  quotations  are  advanced,  but  business  was  trifling. 


At- 

(SltCAgl' 

Milwaukee 46.873       880.888         16,T«0        »«,070       «1,779        8,560 

Toledo 8,731 

Detroit S0,960 

Cleveland •3,01)3 

Bl.Lonis 31,054 

Peoria 1,360 

Dnmth 2,000 

Total..      151,898 

Previous  week .    150,912 

Oorre«|.*iigweek,'74.    !39,764    i;48B,T64 

^'  '73.     129,918    1.694,ia3 

•7».    142,241     1,253,264 

"         •'■(t.    1S8,S92       751,057 

"  '70.    153,486     1,100.7.32 

Total  Aug.  1  todate.. 1,624,272  30,353,795  16,10it,301  12,752,623  .3,540.651   1,050,610 

Same  time  1874 1,118.611  28,722,313  15,052,95H  I0,100,8;X)  3,100,862     508.056 

Same  time  1873 1,(119,220  3l,382,-;06  21,348,736  10,O!|-.8n7  2,84.3,068     805,035 

Same  time  1872 1,851,019  26,089,223  24,108,111    9.798.242  5,!i04,810     831,606 

•Estimated. 

Shipments  of  Kixjur  and  Grain  from  lake  ports  for  the  past 
four  weeks  and  from  Jan.  1  to  Nov.  13,  inclusive,  for  four  years: 


Floor, 

Wheat, 

Com, 

Ua.e, 

bbls. 

iaeh. 

hash 

bnsh. 

170,395 

3,045,965 

806.710 

796.271 

162,409 

3,.540,8J5 

1,196,530 

908,528 

147,023 

2,252,450 

886,-'65 

687.437 

150,472 

2,591.365 

773,079 

685.430 

Barley,  Rye, 

hufh  bosh. 

Nov.  18, '75 170,395    3,045,965       806.710       796.371      131.8.39  89,679 

Nov.    6, '75 162,409    3,.M0,8J5    1,196,530       908,528       62.688  31,140 

Oct.  30, '75 147,023    2,252,450       886,'-'65       687.437       90,6M  23,667 

Oct.  23,  -75 150,472    2,591.365       773,079       685.430       61,386  42,523 

Jan.  1  todate 4.648,651  52,723,896  39,7n,124  17,67.5,967  2,;45,220  8»7,69« 

Same  time  1874 8,071,865  57,091,531  42.286,185  15,729.476  2.677,279  2.H73.450 

Same  time  1873 6,578,2Ho  51,509,315  48,069,647  20,148,610  3,560,i>47  1.279,868 

Sumetune  1872 4,063,838  28,-ni,5I4  64,913,68:1  17,744,500  5,069,M2  1,133,019 

RECBIPTS   OF    floor    AND  ORAIN   AT  SBABOARD  FORTS  FOR  THB 
WBBK  BMDINQ  NOV.  13,  1875,  AND  FROM  JAN.  1  TO  NOV.  13  : 


Flour, 

At-  bbls. 

NewTork  119,772 

Boston 45.538 

Portland 12,584 

Montreal 43.929 

Philadelphia 25.330 

Baltimore -30,534 

New  Orleans 20,088 


Wheat, 
bush. 
1,293.473 
14,983 

156;685 
93,600 
111,000 


Com, 
bash. 
137,961 
91,946 
10,000 

122,000 
168,300 
37,491 


Oats, 
bush. 
334,:«7 
65,690 
19.600 
14,443 
64,600 
21,800 
60,504 


Bariey, 
hush. 
235,408 
36.302 
5,400 
11,300 
59,600 


Kye, 

bnsh. 

24,870 

400 


2,300 


Total 297,778    1,871,741       .'A3.800  560,9.34  347.810  87,470 

Previous  week 293,955    1,679,856       455,613  520,816  440,000  28.825 

Cor.  week '74 381.285       809,603       395,875  335.843  319,496  31,635 

And  at  Montreal  11,621  bush.  peas. 

ToUl  Jan.  1  todate.8,.334,936  47,433,323  60,613,332  17,406,893  3,366,967  405,800 

Same  time  1874 9.418,879  56,562.995  47.1.37,294  18,151,643  2,449.175  866,633 

Same  time  1873     ....8.382.910  43,773,61144,917,241  20,285.102  2,794,2411,043,087 

Same  time  1873 6,605,415  20,805,515  66,909,842  20,279,106  3,873,614  483,614 

THB  Visible    Bdpply    of   Grain,    including  the  stocks  in 
granary  at   cl.o  principal   points  uf  accumulation  at   lake   and 


T.,/i;o_  „„™  ™o  ,j.,ii  .„j  ,1 ! .!!  _      .J         ^  ^o^ii     I  seaboard  ports,  in  transit  on  the  lakes,  the  New  York  canals  and 

Indian  com  was  dull  and  drooping,  until  ye  sterday,  at  v3(a)74c.  I  ="•*"""'-  k  •  •  ,„__. 
.  .  .1      .     J   •      *  J    a     X     .u  J  ir    .       by  "■"'•  Nov.  13,  1876 . 

for  prune  sail  mixed  in  store  and  afloat;  there  was  a  good  bust  - 

nesB  for  export.  Receipts  are  moderate  at  all  points,  and  stocks 
are  nowhere  excessive,  but  there  is  a  wholesome  dread,  among 
holders,  of  the  new  crop,  which  has  begun  to  come  forward,  with 
sales  yesterday  at  6'ic.  for  damp  up  to  71  Jc.  for  kiln  dried  new 
mixed.  To-day,  there  was  a  firmer  and  active  market,  with  large 
sales  of  prime  mixed  at  75c.  afloat  and  some  choice  at  75^0. 

Rye  has  been  unsettled.  Small  lots  of  Western  and  State 
received  by  rail  have  sold  at  87(ai93c,  but  82c.  has  been  tbe  best 
bid  from  shippers  for  Canada  in  bond.  Canada  (leas  have  been 
in  demand,  with  a  sale  to-day  at  $1  07  in  bond. 

Barley  has  been  selling  steadily,  but  at  prices  which  have,  from 
day  to-day,  rather  favored  buyers  ;  the  sales  were  mainly  fair  to 
prime  Canada  West  at  |1.12@1.23 ;  do.  do.  four-rowed  Slate  at 
$1.05(gl.l0,  and  inferior  two  rowed  State  at  80<a85c. 

Oats  ruled  dull  and  heavy  until  yesterday,  when  there  was  a 
considerable  revival  of  speculation,  and  sales  of  prime   mixed  a 
46(a47c.,  including    No.   3    Chicago.      To-day,  the   market    was 
stronger  but  quiet. 
The  following  are  closing  quotations : 

Floor.  i  Ubaim. 

No.  3.^......  ....^.IJJjbl.JS  85<a  4  50  I  Wheat^-No.3iprlng,basb.tl  153  1  M 


Wheat, 
bnsh. 

In  store  at  New  York 4,001,923 

in  store  at  Albany    30,100 

[n  etoieat  Bntfalo 641,674 

(n  store  at  Chicago 1,061,312 

In  store  at  Milwaukee 603,761 

In  store  at  Duluth 163,950 

In  store  at  Toledo 803,950 

In  store  at  Detroit 387,041 

(n  store  at  Oswego* 160,000 

tn  store  at  St.  Louis 776,061 

tn  store  at  Peoria 9,876 

In  store  at  Boston 40,138 

[n  store  at  Toronto 195,858 

In  store  at  Montreal, 330,358 

In  store  at  Philadelphia* 250,000 

In  store  at  Baltimore* Si'.803 

Lake  shipments  !,76t,Sa7 

Rail  shipments 884,138 

On  New  York  canali 3,881,511 


Total .14.389,165 

Nov.6.  1875 13,763,910 

Nov.  14,1874 9,834,634 

*  Estimated. 


Com, 

Oats, 

Barley, 

Rye, 

bnsh. 

bash. 

bush. 

bush. 

925,660 

802,254 

334,841 

79.355 

1,000 

54,000 

198,000 

17,000 

:.'i9,0t9 

9.500 

136.956 

5,119 

702,561 

335,144 

325,361 

140.918 

16,205 

33,963 

143,860 

1,388 

156,001 

384,613 

48,477 

1,338 

17,300 

41.939 

41,023 

60,000 

35.000 

508,000 

10,000 

85,153 

186.243 

182,000 

33.334 

67,798 

127,%9 

4,003 

81,080 

106.732 

314,899 

38.065 

90 

500 

2,834 

254.787 

2.077 

39,099 

13,313 

7,976 

325,000 

90.000 

45,000 

6,500 

192,534 

50,600 

18.700 

6,500 

424,011 

387,615 

11,700 

32,500 

383,699 

408,666 

119,9.39 

67.179 

531,834 

260,069 

732,000 

8,600 

4,076,036 

3,327,110 

3,160.678 

4S0.97S 

4,683,833 

3,819,473 

3.178,686 

419,447 

4,888.809 

3,808,919 

3,889,403 

176,789 

Baperflne  State  A  West- 

em 4  86®  6  20  I 

Extra  State,  Ac 6  40@  5  80  j 

Western  Spring   Wheal  | 

extras 5  25©  5  66  I 

doXXandXXX 6  75©  6  75  | 

do  winter  wheat  X  and  I 

XX  5  40©  8351 

City  shipping  extras. ...  5  75©  6  36  I 

City    trade  and  family  | 

brands 6  50©  8  00 

Santhrrn  bakers' and  fa- 


Jjo.  3spring 1  S6iJ  1  ^. 

No.  1  spring l  86©  1  41 

Red  Western i  ii>©  i  so 

Amber  do 1  35©  1  45 

White 1  40©  1  5U 

Corn-Western  mixed  ..  74©  75X 

White  Western 77©      80 

Yellow  Western 76©     77 

Rye 82©     92 

Oats— Black .  .,© 

Mixed 40©     48 

White    47©     53 


mlly  brands      7  05©  8  25  I  Barley— Western,  „ 

Socthernshipp'goxtras..  5  75©  6  75,     Canada  West ..     1  10©  1  33 

Rye  flonr  snperflne 6  0*3  5  40       ~  '  " 

Cora  meal— Western,  *c.  8  30©  t  70 
3  95©  4  OO 


State 85©  1  10 

Peas— Canada 107©  135 


Oorn  meal — Br'wine.  &c. 

The  movement  in  breadstuSs  at  this  market  has  been  as  fol 
lows : 

,— BBOnPTS  AT  M»W  TOHK. . IXPOBTB  mOK  K«W  TOBK. 

. 1875. .        Since    . 1876. — --,     . 1874. 

Forth*     Since         Jan.     For  the     Since  For  the      Since 

week.      Tan.  1.       I,  !?74.     week.     .Tan.  1.  week.      Jan.  1. 

Floor,  bbls.    134,923    3,292.600    8.540.857      44,966    1,666,124  44,933    :,9S.S8!3 

0.  meal, ".       2,490       112,468       156.234       3,019       1.59,197  4,3'.6       100,009 

Wh*at,bnB.1.80!,l33  ?9,028.05S  38  530,161     512,962  84,04«,966  403,245  33,551,006 

Cora,      "  .    388,440  20,751.159  87,579.968    234,180  13,189.030  168,19!  17,614,136 

Rye,       "         31,610       346,742       569,839         ....        159,963  40,164       634,639 

Bulev.  "  .    848.387    3,574,306    2,086,474         ....              110  3,000 

0«U...."  .    487,913    9,188,891    9,784,744       4,448       131,880  7,818       ]n,IOT 


THE  DRY  QOODS  TRADE. 

Fbidat,  p.  M.,  Not.  19,  1876. 
This  week    the   movement  in  domestic  goods  from  first  hands 
has   been  comparatively   light  in  nearly  all  departments.     The 
print  market,    however,Lwas  excited,  and   transactions  in  soma 
makes  exceptionally  heavy,  but  this  was  brought  about  by  meant 
of  liberal  price  concessions.     The  American  Print  works  closed 
out  their  entire  stock  tt  dark  fancy  work  to  H.  B.  Claflin  &  Co., 
on  private  terms  ;  and  the  A.  &  W.  Sprague  Manufacturing  Com- 
pany disposed  of  their  whole  stock  of  plaid  and  dark  madder 
prints  to  the  same   firm  at   figures  which  have  not  transpired. 
These  sales,  combined  with  a  relatively  small  line  of  Oriental 
prints  sold  to  Messrs.  A.  T.  Stewart  &  Co.,  will  probably  approxi- 
mate  4,000  cases   of   calicoes   which  have   been   placed   in   the 
channels  of  distribution.    The  above  jobbers  sold  the  American 
and  Oriental  prints  at  &ic.,  and  Sprague's  at  6}c.  by  the  piece  or 
package.     Brown  sheetings  lately  exported  to  the  English  market 
have  given  such   satisfaction  that  a  leading  commission  house  in 
this  city  has  received  a  duplicate  order  for  1,000  packages  at  an 
advance  upon   the  figures  at  which  the  first  shipment  was  made. 
The  early  clothing  trade  from  leading  manufacturing  cities  have 


November  20,  lb75.] 


THE   CHRONICI.K 


497 


be«a  openting  more  freely  in  faocr  eanimeres,  cottooades,  &c., 
•ad  in  UUs  ooooection  fair  ^gng^te  nJea  hare  been  effsetcd. 
mportiag  branchM  ol  the  trade  bare  been  exceedingly  quiet,  and 
orelgn  gooda  wan  dull  eren  when  oflered  in  the  aactioa  rooms. 
Domsnc  COTT05  Goods.— There  has  been  a  quiet  but  steady 
demand  for  the  most  suple  fabrics,  with  rather  more  doin^  in 
cotton  flannels,  corset  jeans,  satteena  and  eottonadex.  Brown 
•bastings  ruled  firm,  and  closed  with  an  adraocing  tendency  on 
ksarf  standard  and  fins  brown  makes.  Atlantic  A  and  H  brown 
shsatlngs  were  adranced  to  9^  and  9c. ,  and  agents  will  accept 
ordsra  for  future  del irery  "at  rslue"  only.  Bleached  shirtings 
lacked  animation,  and  a  redaction  of  ^j.  was  made  on  a  few  unim- 
portant makes.  Tickings  of  low  grade*  were  in  fair  request,  but 
medium  and  fine  qualities  remained  quiet,  and  there  was  no 
moremenC  of  moment  In  cheriots,  denims,  stripes,  checks,  or 
oaukbvgs.  The  home  demand  for  brown  drills  was  light  and 
docks  were  quiet.  Rolled  jaconets  and  cambrics  were  in  limited 
request,  and  Silesias  continued  quiet.  Orain  bafis  were  dull,  and 
cotton  batts,  warps  and  yams  were  lightly  dealt  in.  Print  cloths 
remained  qniet  at  4|<<»4^.  for  standard  and  extra  Mx61  spots. 
The  heavy  sales  of  prints  noted  above  had  a  deprrssing  influeooe 
upon  the  general  market,  but  a  tair  distribution  of  choice  plaid 
stylss  was  eflVcted,  and  tlie  shirt  trade  pUesd  socae  liberal  orders 
for  printed  shirtings  and  cambrics.  Oioghaaa  ware  in  moderate 
demand  for  the  renewal  of  assortments,  and  the  supply  of  dark 
styles  has  beeowa  qnile  limited  in  first  hands. 

DOMKSTIC  Woouui  Oooofl.— There  has  be«n  an  Improred  tone 
in  the  market  for  woolen  goods  for  men's  wear,  imparted  by  the 
preeeaea  of  many  elsthinit  mannfactnrera  from  the  ioterior,  who 
haretnTcaled  with  some  freedom  In  heavy  and  light  weight 
caMtearss  of  low  and  medium  grades,  when  obinlanble  at  low 
pries*.  There  haa  also  been  a  steady,  althoagb  moderate,  move- 
ment in  oTereoatiags,  cloakioga,  etc,  and  a  few  additional  orders 
were  placed  for  spring  weight  woistwl  contlags  by  both  clothiers 
and  Jobbers.  Cloths  and  doesklM  wsve  la  light  rcqneet,  and 
Janaa  aad  sntlneta  continned  inactive.  RepelleoU  were  In  good 
dMMad,  bat  »!*•  ware  cheeked  by  the  short  supply  of  daalrable 
maken  offtring.  naanels  sad  blankeu  ruled  qniet  in  first 
hands,  bat  the  jobbing  distribution  was  more  active.  In  dress 
fabrics,  alpacas,  cashmaroa,aord«  and  poplins  were  sold  in  fair 
amoaau,  but  fancy  toztnraa  moved  slowly.  Shawls  flontlone-J 
qniet  In  botk  woolen  and  atriped  worsted  makee.  and  felt  skirts 
were  IneklBg  in  activity  Fancy  hois>ryaod  knit  woolens  were 
In  stsady  rsqueet,  but  shlru  and  drawers  were  sluggish. 

Ftmuaa  Omr  Ooooa.— This  department  of  the  trade  has  been 
very  qniet  and  aome  failnran  la  tke  laea  and  millinery  bmaeh'W 
have  oeenrtsd, owing  to  the  general  dalneaa  in  aoetly  faney  goods 
and  shrinkage  In  valaee.  Dreee  goods  have  moved  slowly,  apart 
from  tke  meet  sUple  fabrics,  and  nilka  have  been  quiet  owing  to 
an  aononneemsnt  that  l/NW  p4*ees  Oulnet's  Lyons  silks  will  br 
sold  at  anetion  next  week.  Ltaen  hanlkareklefb  have  been  rather 
DMTe  native  tor  tke  cominc  holiday  trade,  but  other  mannfacluree 
ol  flns  have  ptanented  Mlmprovamani.  Hamburg  embroideries 
have  been  In  fair  re^neet,  and  there  has  be«a  a  frsar  moveoieot 
in  lace  eortaiaa.  Hoeieiy  and  glorea  moved  stendily  bat  In  email 
quaaliliea.  Woolen  gooda  reonined  qniet,  except  woraiada  and 
ovsMontlags,  tor  which  there  was  a  moderate  Inquiry 
latrortetleaa  of  Sry  4)**4e. 
The  importauona  ol  dry  goods  at  this  port  (or  the  week  eodiog 
Sor.  16,  H7.5.  and  the  oorraeponding  weeks  of  1874  and  1878 
have  been  an  follows : 


'  ren  ooaMramoa  roa  vos  ' 


sa  ssBUs 
-II 


l«,l«n 


■«aafsetarss  of  wool 

4o  eottoa.     m 

4a  (Uk in 

do  <az Sit 

MiscaOaaMss  dr7  geote  IM 


FkfS.   Vala*       Pkss.     Tt. 
a«    iuo,Mi       St    nm. 


Wlifft 
7B.1t1 


til 


Ttja*. 
■i.ttt 
iMimi 
viMm 

IM,t*t 


■ST 

ttl 


Vslo 

tu».«n 


Total..- t,igs    •aoi.Tu    t^sio  ii.tit.'nf     t,>u   aast.tK 

mttUMUwm  raow  «4aaaon«a  twtt  nmrma  lavo  vas  aABxav  dobih*  toi 

Msaefastefss  or  wool  . . 

*»  eoMoa.. 

4e  sUk 

to  las 

tHesUaaeues  dry  goeds 


•uis 


M 


»M1 

iiLmi 


ITt 
40 

ttl 


•  ltM«8 

mjm 

8JS 


*vo 

ii«.ai 

1.11 

M,ua 

■m 

njm 

no 

;t.ss4 

m 

IlOM 

lUasfactaraeol  wool....    N* 
do  cntlea..    MS 

do  sUk «■ 

do  «a»....  l.trt 

.    m 


llt.T4t 
l*i).«n 


T^l^  liM      t7ia,Mt 

\'<'i*srjrocc»aaaets>t»Mad      MI.7M 


111 

IM 
«« 
ICt 

M 

47t 
HSIO 


J0.« 
llMI 


•n      Ksai 
M       HM,44r 


•I«.t1l 

tor 


i.an 


9dn,3>7 
mm 


roU>  n>t*r«|  t.  Ike  pOH    *Mt 


AHkim.-  end  -JSw^H  tfDammUe 


■z^orta  or  Leatflug  Articles  (rom  Nenv  YnrK* 

The  following  table,  compiled  from  Custom  House  returns, 
shoira  the  exports  of  leading  articles  from  the  port  of  New 
York  since  January  1, 1875,  to  all  the  principal  foreign  countries, 
and  also  the  totals  for  the  last  week, and  since  January  1.  The 
last  two  linee  show  Mai  etWiMS, including  the  value  of  all  other 
artielea  besides  those  mentioned  in  the  table. 


V«f 


•^•> 


-'-•   S-«=   "g    |g 


-§§s 


8  :3«8i.:33S:«Si  =  :"=?:?§ 


:{ 


^  ;S8  .SJtS  :|  :gS  :g 


.2»gS:;ii:i5 


SI :  i  i  ;=c»S«    %  i»8S  i    S|5l2g§5S5g2   §ij 


i4 


Sij|}|H|    |IH=EK|JIJ-=M?«E||| 


l*J       - 


|1 

If  I     'I 

i 


•! 


sua 


I 


28i   55 

4  ii 


il« 


5      Eg 


:2  s| 


3 


Si 

K 


I 

E 


•  aisriiiiiii 


II 


iSiij 


■  .  .«■         =■  .  .  .-8  .    -  rf    Si 

ii|llllltlill|iiiiftli!lil|il|i^^^- 


:i 


ii-      NiifinliiilniMMilJI 

jJlill«|l||Ml^|i;iJ|lj|ffi||.-r^ 


498 


THE   CHRONICLE. 


[November  20,  1875. 


UENEBAL 


PKIOKS  CLJRkBNT. 


SK 


« 
« 

1   s 


22 
22 

13 


11«« 


9X 

li'^ 

1  35 

33 
27 
27 
27 

U* 
lOX 


a  it; 

.<»  12  IX) 
.3  la  OO 


17X9 
I5M» 
19  » 
1»W» 

2»Ka 
:i  4 
i««» 
las* 

18  i« 

19  a 
i»  a 


....a 
...9 

2SX9 


I7W 

18* 

19s 

19X 

28 

22 

21 M 

21 

18X 

21 

21X 

31 
30 
31 
23X 


2X 
24 

2  ISV 


23X 


<  50 

SI 


Pot 5    • 

BliBADSTDFPS— Seespeclal  report. 
BUILDING  MATKKliLS- 

firlcl:!— Common  Hard,  afloat 2  79   «    eH 

Crolon 11  00    «  14  OU 

PhlUrtolpllla 88  10    «  W  On 

C'«m«rll— 1( xtflndale 1  15    O    I  iO 

/;fm«—1{ocklaD(1.  common 1  UO   o 

Hop.kUnd,  flnl*hliiB 130   « 

/.uinier— Soathera  pine 23  JO    a  3S  00 

White  pine  box  board! 19  00    a  18  00 

White  pine  merchan.  box  boards.  U  no   a  21  00 

Clear  nine 45  80    a  »  00 

OakaLd  aata 10  00   a  <5  00 

BUckwalnnt "5  00   ®  100  00 

Snruce  boards  ft  ntanks 18  00    a  22  00 

Hemlockboarda  A  planki 16  no   a  20  00 

JToM— lOaWd.rom.ren  ft   ab.V  ke^    3  00    •    3  15 

Cltncb.lH  to  Sln.ftlonger 4  Ml   a    S  90 

MUn* '(23   a    5  4« 

Cattplket.alUlzei 3  29 

/Wn(«— Lead .  white.  Am ,  pare.  In  oil 

Lead. wh. ,  Amer., pure  dry 

Zinc,  wh.,Ajner.  dry.  No.  I 

ZIncwh..  Amer..No.t.ln  oil 

Parltwhlte.KnKllsh. prime  ffold... 
BDTTKR— (Wholesale  Prices)— 

HAirflrkin8(Ka8t*n>  3as  toselectloni 

Welsh  tubs,        "       •*     IBts 

Halfllrklns(We«t'n)  '• 

Walsh  tubs         "        "       "  — 

CHKKSii- 

New  !5tAte  factory,  fair  to  good 

Western,  good  to  prime 

COA1-- 

Anthraclte  (by  cargo) 5  75 

LlTerpoolKas  canuel 

Liverpool  house  cannel -. 

OOFFKB— 
Ulo,  ord.  carKoes,  60090  days,  gold. 

do  fair,  do        gold. 

do  good,  do        Kold. 

do  prime,  do        .. — gold. 

Java.mats  and  bags gold. 

Native  Ouylon Kuid. 

Maracalbo gold. 

Laguayra goid 

St.  uomingo gold. 

BaVHEllla  gold. 

Costa  Kica    gold. 

COePKK— 

Bolts 

Sheathing,  new  (over  12  oz;  

Braziers' (over  16  oz.) 

American  Ingot,  Lake 

COTTON— bee  special  report. 

DUUOS  ft  UJKS- 

Alnm.lump 2^9 

ArgolB. crude gold.       17    a 

ArgolB, refined '*  28    a 

Arsenic. powdered •■  sxa 

Bicarb. soda, Newcastle ••        4  37>if3 

81  chro.  potash '  17    3 

Bleaching  powder "        1  75    a 

Brlmatone.oruacper  ton ■•      Si  SO    6  77  36 

Brimstone,  Am.  roll fIB.        sva 

Camphor  refined 23KS 

Caator  oil,  B.l.ln bond,  V  gal. .gold.       70   a 

Caustic  soda •■      4  25    a 

Cblorateuotash *'  20X3 

Uochlneal, Honduras •■  12    a 

Cochineal,  Mexican "         42Xa 

Cream  tartar "         o4sa 

Subebs,  Rast  India 9   a 

Butch gold. 

Bambler '* 

ginseng.... -cnr. 

©lycerlne,  American  pure " 

Jalap " 

Mcoricc  paste.  Calabria 26 

Licorice  naste. Sicily    25 

Ucorlcepaste. Spanish. solid.,  .gold      20 

Uadder.  Dutch " 

Madder, French •* 

NutgiillB.hloe  Aleppo 

or.  vitriol  (66  degrees) ii<a 

Opium.  Turkey  — (In  bond),  gold 3 

Pru8»late  potash, yellow.  Am 32>(;a 

Quicksilver gold.      72ha 

Quinine cnr.   2  SO   a 

Bbobarb,  ChtnB,goodtopr....»  ».      60   a 

gal  soda,  Newcastle gold     145   a 

Shell  Lac  45    a 

Bodaasb.  ordinary  to  good gold    2  00    a 

Sugar  of  lead,  white 18    a 

Vitriol,  blue. common 8Xa 

riSH—  Store  Pnce». 

Oeorge's  and  Grand  Bank  cod 4  75    a 

Mackerel,  No. Lahore  (new) 36  00   a 

Mankere;,  No.  1,  Bay       a 

Mackerel, No. a.  shore  (new) 16  00    a 

Mackerel,  No.  2,  Bay a 

FLAX- 

North  Blver,prlme •  »       IS    a 

mUIT— 

Raisins, seeaiesB,  new 6  00   a 

4o      Layer,  new 2  90    a 

do      Sultann.  new 14    a 

lo     Valencia,  new 10    a 

do     Loose  Muscatel,  new 8  00   a 

Currants,  new a 

Citron, Leghorn,  new 

Prunes,  Turkish 

do        French, new 

Dates. new    

Fltrs,  new 

Canton  Ginger V  cAse. 

Sardines,*  hi. box cnr. 

Sardines.*  ir  box •• 

Macaroni.  Italian 

Domietic  Dried— 
Apples,  Southern,  sliced,  1875  crop.       11    a 

do  "        quarters loxa 

do      State, sliced li)ia 

do         do    quarters 11   a 

do       Western,  quarters a 

Peaches,  pared  Western a 

do       do   Gt.  goo  1  and  prime 14    a 

do       do     N.  Carolina,  prime a 

do     nnpared.  halves  and  qra 11  -a 

Blackberries , new 13   a 

R:wpberrlefl,  new 32    a 

Cherries a 

Plums a 

HEMP  AN     ./UTE- 

Amerlcai  -'■esaed Vton.  190  90   a2i5  00 

American  nndreMed 185  00   @i4n  00 

Russia, clean gold. 220  00  a225  00 

Italian "    260  OO    6275  00 

Manila »tt    "  7   a        'X 

Sisal , "  4Xa       .... 

Jnte <. "  3s<«        5 

NXIKe,^8»e  report  andor  Ootton. 


OUNPOWDER- 

BLASTIKa,  rOB    KAILBOADS,  AC. 

Boda.  any  size  grain,  lu  25A  ktfgs $2  90 

Saltpetre         do               do        8  00 

SPOBTINO. 

Electric.  Nos  1  to  5  grain.  In  1  lb  sq.  cans 100 

Diamond  grain,  m  !»  cans 100 

Orange  lightitlug.  Noa.  1  to  7.  in  lib  cans 1  00 

Supcrflie  eairit^  apor.lnz.  In  lib  oval  cans 70 

Ameri'-an  sporting.  In  1ft  oval  cans  70 

Orangeducklng.  Nos.  1  toS.  In  i lb  cans 70 

Duck  Sh   otlUK.  N   s.  1  tj  5, In  6HIb  kegs 3  44 

EaiCie  duck  siiootiir.  Kos.  1  to  ».  In  <i>\  lb  k<!gs  3  41 

Orange  diicklnK.  Nob.  ItoS.  In6i4  lb.  ki^iia    .  3  44 

Kaglc  luck  Biiooting,  Noi.  1  to  3.  liHIb  kegs,  6  88 

DucKShootlnir,  .-os.l  to5  gr.,  12Xlbs 6  88 

IlazarlsKentucKy  r  ae,  I '     valUbcans 45 

l)upon''B  rifle   Ks.  FK»,  FFFg.Itt  cans 45 

Diipont'B  nfle.FKg.  FKFe.  ei^Bis 145 

Hazard's  Kenmcki  ritte.  FFKg,  KFg,  and  Sea 

Shoot  ng  Kg.    fi^*  lb  kegs 145 


81LK- 

Tsatlee,  Nos.l  to4 *  B  9  00   a 

Tsallee,  re-reeled 6  IS    a 

Taysaam.Nos.  1  ft2 4  SO   • 

Canton,  re-reeled  No.  I  Cotngoan..  4  75   a 

8PKLTKU- 

Forclgn lOO  B.gold.  7  I2SA 

Domestic cnr.  7  85   a 

8PICKS- 

Pepper.  Batavla. lold  ....a 

do        Hiuaapore ISXa 

do        white sina 

Cassia.  China  LIgnca SS    a 

do       Batavia 22   a 

Oioger  African It   a 

do     Calcutta 9Ha 

Msce lie   a 

Nutmegs,  Batavia  and  Penang 1  02   a 


Duponf.nnc.  KKii.  FFFg.  liSIb  k-gs 2  63 

Hazard's  Kc  tucKv  rifle,  FKFg.  KFg,  and  Sea 

ShootingKg,  i.'sib  keM  J  62 

Orang^i  r  fle. Tg.  Klfg.  FFfg.JSIb  keea  4  75 

Haz  ir.l's  Kentucky  ri9e,  Fg,  FFg,  FFFg,  25It 

kegs 4  75 

Duponf  rifle  In  2oib  kegs 4  75 

HAY- 

^h'np'Ei *10II1»  651       70 

BIDKB- 

Z)r»— Buenos  Ayres,  selected,  gold       iK)    a       24 

Montevideo,  do....  "  21    a       21X 

Corrlentes,  do....  "  20    a       20» 

Rio  Grande,  do....  ••         20   a 

Orinoco.  do....  "  2!    « 

California,  do....  "  21    a 

Matam.  and  Mex.  aa  they  run  "  18    a       19 

Maracalbo,  do....  "  16Ka 

Bahla.  do....  ••         16h» 

Drv /!aUe<I— Maracaibo.do....     "  a      ISK 

Chill,  do....  "  16   a 

Pernambuco,  do...      "  ....    a       ISX 

Savanllls,  do....  •'  ...    a       14 

Bahla.  do....  ••  ....    a       liK 

ir«<i^alt«<'— Buen.Ay.selected     "         loxa       U 

Para.  do  ...     "  ....    a         » 

California,  do....     ••         10   a 

Texas,  do....  cur.        9H«       12 

iS./.«<oct— Calcutta  slanght...  gold       11M«       H 

Calcutta,  dead  green "  ....    a       12 

Calcutta  buffalo '•  9!ia 

IRO^•- 

Pig, American,  No.l '24  OO  a  'ii  00 

Pig,  American,  1.0.2 22  W  a  Jfl  00 

PIE.  American,  Forge 17  (O  a  20  I'O 

Pig.  Scotch    ...29  50  a  33  00 

Store  Prlcei, 

Bar.  Swedes, ordinary  iltes 130  00  e.140  00 

Scroll ■"  50  ai'«  50 

Hoop 82  511  al32  50 

Sheet,  Russia,  as  to  assort gold.      12X3       ISX 

Sheet.slngie.donblefttreBIe.com.        4  ®        4Si 

RallB.EngUsh gold.  In  bond.  33  00  ®  3?  00 

do    new.  American car.  45  00  3  50  00 


Pimento.  Jamaica. 

Cloves 

do    stems 


6  00 

5  00 
9  CO 

725 
740 


15X 


24 

'9X 
I  15 
1  05 

IS 

50 


SPIRITS— 

Brandy,  foreign  brands V  gall. 

Kum—Jam..4th  proof '• 

St.  Croix. 3d  proof " 

Gin •• 

Domestic  HffKors- Cash . 

Alcohol  (90perct)  C*  W cor. 

Whiskey " 

8TKKL— 
Kn(fii8h,ca8t,2d&lBt  quality  V  lb  gold 
English.  Bpring,2d  ft  ist  quality..  " 
Rnnlish  blister. 2dft  Istquality..  " 

Enk'Ush  machinery *' 

English  German, 2d  ft  1st  quality  " 

American  uliater cnr. 

American  cast.  Tool 

Amerlran  caRtHpring 

American  machinery 

Amerlciu  trarmar  spring 


UX9 

48    « 

. gold. » 


5  00 
7  00 
3  65 
3  25 


S  90 

3  65 
3  45 
8  00 

2  22 
1  IS 

Store  iVJcw. 

|4S«      17 

ejta 

9  a 

lOKa 

loxa 

....  a 

....  a 

...  • 


14 

11 

16 
10 
II 


6  a 

1 15  a 
16  a 

a 


a 
6>ia 


55 
45 

9J( 


12 
33 

28 


IS 
15X 
l^- 
4  50 
32  X 
75 

I  sir 

1  50 
62 

2  SO 


6  00 


LEAD— 
Ordinary  foreign V  100  lbs,  gold  7  nav 


Domestic. 
Bar.    . 
Sheet.. 


5  75  a 
8X* 
9Ha 


7  25 
6  OU 


LSATHEB- 
Hemlock.Buen.  A're8,h..m.*l.. 
California,  h.,  m.  ft  1. 


25    a 

„ _     . 3!K« 

comm'n  tiide,h.,m.&l 24Ha 


rough 25 

Blanghtercrop »1 

Oak.  rough *6 


81    a 


23V« 
TXa 

•xa 
....a 
12  a 
....a 
22Ka 
1414a 


35 

32 
80 

ss 

37 
87 
40 

58 


14H 
^^ 

I's'* 

5K 
15 
8  00 
23X 
IJH 
14 

Wi 
10  H 


18 

isM 

14 
33 
25 
20 


Texas,  crop 
MDLASSRB— 

Cuha,  centrifugal  and  mixed 

Cuba, clayed 

Caha,  Mns.,  refining  grades 

do      do    grocery  grades 

Barbadoes 

Demerara 

Porto  KIco 

N.  O..  fair  to  choice  new  ....V  gal 
NAVAi>  STORES— 

Tar,  Washington 2  12>i  » 

Tar.  Wilmington  a 

Pitch,  city •j,-"v    ■•:„   * 

Spirits  turpentine »  gal.      40    a 

Rosin.  Btrslnert  to  Koodstrd.*  bbl.    175    a 

••     low  No.  1  to  good  No.  1 3  SO    a 

•■      low  So.  2  to  good  No.  2 1  95    a 

"     low  pile  to  extra  pale 3  23    A 

'•     windowgla?B 7  00    a 

OAKCM— navy  to  best  quality... »».        7Xa 

on.  CAKB- 

Clty.  bag gold    ...     a 

Western car.  45  00   a 

Cotton  seel,  crude 52xa 

Olive,  in  casks*  gall 1  15    a 

Linseed,  casks  and  bbis a 

Menhaden,  prime  L.  I.  Bouno 40.  a 

Neatstoot 85    a 

Whale. bleached  winter _....       75    a 

Whale,  Northern a 

Sperm,  crude .' » 

Sperm,  bleached  winter a 

Lard  oil.  Winter ,. 1  03    a 


« 


28 

27 

28X 

26 

35 

■a 

34 


34 
32 

S3 
38 
4S 
52 
65 

2  25 
2  25 
2I2X 

i'S5 
300 
2  10 
6  00 


SUGAB- 

Ouu».inI.to  com.  reEi'-ng 

do    falrtoi.ood  refining 

do    prime,  refining 

do   fair  to  good  grocery 

do    centr.hhrts.ft  bxB,  Nos.  8aiS 

Molasses,  hhds  ft  bxs 

Melado 

Uav'a.  Rox.D.  S.  Nos.7a9 

do  do  do    IO1&12 

do         do         do    isais 

do  do  do    16(218 

do         do         do    ivaw 

do  do  white 

Porto  Rico. refining,  com.  to  prime, 
do        grocery,  'air  to  choice.. 

Brazll.bags.D.  R.N0B.9all 

Java,    do.  D.8..  No».  10612  

nianlla.  pnper'or  to  ex.  sup 

N.  O..  refined  to  grocery  grades 

Refined- Hard,  cruahed •» 

Hard,  powdered 

do      granulated 

do     cut  loat 

Soft  white,  A.  standard  centrit... 

do       du      olf  A 

White  extra  C  

Yellow      do       

Other  Yellow 

TALLOW- 

Primeclty,  •  » 

Western, *!»  


r„9 
8  a 

8;i» 
8H» 
8Ka 

7  a 
.5  a 

7  a 

8  a 
8xa 
9)4  a 

loxi 
sva 
7)*  a 
BHa 
7i<a 
8xa 

...a 
loxa 

KX* 

U<H9 

ima 
»xa 
»ya 
9sa 

9)<a 
8  Ha 


....a 
9Ma 


»x 


S3 

I  va 

62 

41 
1  15 

73 

70 
1  65 
1  85 
1  05 


im 

12X 
lOX 

PROVISIOHS— 

Pork  new  mess »bbl.  20  00   «  20  50 

Pork,  extra  prime '*  ...a  15  50 

Pork,  prime  mess "      20  50    a  2!  00 

Bnef,  plain  mess.  new. "         —     a  12  00 

Beef. extra  mPBB.    " "        ....    a  W  00 

Beef  hams.  Wes'..  sum. cnred..  22  25    4  22  50 

Hams,  smoked »  »       14»<»       15H 

Lar',  City,  steam 12X9 

RICB- 

Carollna,  fair  to  choice 6V<»        -,% 

Lonlalana,  good  to  prime 6Ha 

Rangoon,  In  bond gold.  2  55    a 

Patna f\9 

SALT- 

TurkslBland 23  a  25 

St.  Martin's 28  a  SO 

Llvarnoo'.varloassorta Vsaok.  145  a  2  60 


TEA- 

Hyson. Common  to  fair cur.       27 

do     Superior  to  flue S4 

do     Extra  fine  to  finest 47 

do     Choicest 75 

^onng  Hyson.  Com.  to  fair "5 

do         Super. to  flue 87 

do      Ex.flneto  flnest 60 

do      Choicest 90 

gunpowder,  i;om  to  fair 28 

do  Sop.tofine 40 

do    Ex.  fine  to  flnest 60 

do   Choicest 1  I* 

Imperial.  Com   to  fair 

(io        Snn.to  fine 

■  do        Extraflne  toflnest 

Hyson  Skin. ft  Twan.  com.  to  fair. 

do  do      Bnp.to  fine 

do         do      Bi  flnetoanest 

Uncolored  Japan. Com. to  lalr 

Qo  Sup'rtoflne 

do         Bx.finetofinest 

Oolong,  Common  to  talr,,^ 

do     Superior  to  fine 85 

do     Kxfineto  finest 55 

do     Choicest 85 

Bone,  ft  Cong..  Cora,  to  fair 25 


27 
36 
58 
23 
23 
Nc 
37 
46 
60 
25 


do 
do 


Snp'rto  fine 36 

Bx.finetofinest 55 


8X 

8K 
10 

lOK 
lOX 

8K 
8* 
7K 
8K 
7X 

V." 


is 
9H 
9X 

9X 
9X 

32 
43 
63 
85 
32 
52 
75 

1  lU 
35 
53 
T7 

1  20 
3S 
48 
61 
24 
21 
al. 
39 
54 
74 
30 
SO 
70 
95 
33 


PETKOLEnM— 

Crude,  In  bulk 

Cases :■,•;••■ 

Refined,  standard  white.. 
Naphtha.  City,  bbis 


6Sl« 

i6iia 
12  Ha 


3  (0 
7 


TIN- 

Banca gold. 

Straits 

English •• „ 

Plates.  l.C.charcoal 

Plates.char.terne 

TOBACCO- 

Kentncky  luss,  heavy... 

"          leaf.     "      »> 

Seed  leaf— Connecticut  wrappers'TS  JO 

"             Conn,  ft  Mass.  fillers.  *78.  7 

Pennsylvania  wrappers.  "72 18 

Havana,  com.  to  fine eO 


....a 

I'jca 

i»Ka 

7  25  a 

6S7Ha 

8  a 


Manufac'd.ln  bond,  black  work 17 


bright  work., 


34 
20 

7  56" 
7  38 

9 
18 
45 

8 

35 

1  OS 


25    a       50 


SALTPETRE— 

Reflned.pnre *"       ..-.a  12« 

Crude - gold       ....a  5K 

Nitrate  soda '           3X«  2X 

8EED— 

Clover,  Western »  ».      10)48  U 

Timothy »  bnsli.  3  80   a  3  80 

Hemp.forcign 2  00   a  2  Oi 

Flai.rongh B  1  60 

U9te«4  Oalo<itta«9«>COla(tlB>e) a  I  97X 


American  XX. Vt>  43 

American.  Nob.  1  ft  2 13 

American, Combing .55 

Extra, pulled 43 

NO. 1,  Pulled 27 

California.  Spring  Clip— 

Superior,  unwashed 36 

Medium 26    a 

Coarse '«   a 

Burry  "    a 

South  Am.  Merino  unwaehed 29   a 

Cape  Good  Hope,  unwashed 35    a 

Texas, finp ^   a 

Texas,  medium ^   ^ 

Smyrna. unwashed  gold.  18   « 

Sheet V  lb,gold,ne  S%» 


IS 
50 

65 
46 
33 

32 
30 
25 
■42 
32 
58 
?3 
S3 
23 


FREIGHTS— 

ToLlTBBPOOl.: 

Cotton *  B. 

Flour *  bbl. 

beavy  goods.  .*  ton. 

Oil 

Com.blk  ft  bg«.  *  lin. 
Wheat.  bulK  ft  bags.. 

Beel *  tee. 

rork Vb^. 


. —  STBAM . «A 

t.  d.    «.    /i'     S.    (t. 

....a  7 16    ...  a 

3  6  a  ...  3  9a 
30  0  S50  0  '25  0  • 
SO  0    a....      85  0    a 

9  a...         8Ka 

9Ha    lOH       8)i3 
8  0  a....      4  6a 

6  6  a....     88  a 


5-16 


300 


AND 


xmm 


HUNT'S    MERCHAxNiS'    MAGAZINB, 

REPRESENTING    THE    INDUSTRIAL    AND    COMMERCIAL    INTERESTS    OF   THE   UNITED   STATES 


VOL    21. 


SATURDAY,  \OVEMBliK  27,  l«75 


Nt)    544. 


CONTfUrS. 


THB  CHBONICLB. 


Tk« 


tk«Oo*f«ft)bl*BeM8cb«D«.  if* 
■aoert  «t  (b*  Dlractor  of  tk« 

■tet 300 

Th*  U*t  Jtm  TxiU  la  Pkllu- 


ikroM. 
ju—tta 


UtMtJloa«Ur7  aa4  OeauBcrdal 
■asUfkKam 

ComoMreUl  ia4  Ifl«c«Daii«>o( 
M««« 


MuMT  Xwiut.  U.  8.  8OTWlti«*, 
atOmmr  BuAm,  Gold  lUrkd. 
FortlfB  Kxektac*.  Haw  Tork 
CIlT  Baska,  Boatoa  Banka, 
nnadaiphla  BaaJw.  Naitoaa] 


TAB  BAflKBBIf  OAZBTTB. 


litaotatloaa  of  Stsck*  and  Bond< 
iBtwtMial  aad  Btala,  City  aad 


C '  o  arrdal  Bpttoaa. 

ClUuB 

B'caoatoftf   


THB  OOMMBKOUL  Tlliai. 

Sl«|  nnOooda... 
tit    PrliMa  Cb 


Ml 


sio 


ftIT 


^\)t  <it)roniclf 


THcCoMMBKCvaL  kno  KiBASciAL  Chbo!(ici.b  i«  ifu*d  0»  bttmr- 
dog  mtrmint,  «*<(A  tM*  laUM  mm  up  U>  midnifHt  »f  ^ridof. 

Tuun  or  •vMOKirnoa-PATABLB  at  bdtasob. 

Tms  CoiuaasuL  m  riaAvruL  Caxwnriia,  dallfar^  by  eaiitar  lo  cfty 
•  ibxribara,  aad  aallad  to  all  oUanc 

For  O—  Taar  Oadadlac partial). •>«  Si 

ror  HU  Moaika. ....:.T. , •  IJ 

■  itnil>Ui»i  wtti  ba  eoatlaaad  ■atfl  miimmi  miipptd  tf  •  wrUUn  tUtr 

«r  •«  (to JbMmMm  #ba.    Tha  PabtlaMn  caaaat  to  raafwaalUa  for  BaaU*. 

laatia  lalwi  — Ba^  Onfia  or  Paaa^Oflk*  MMay  Ordan. 

A«V«rtla«aMBta. 

lYaaalaat  adTarliaiaaala  ai«   pabil<br<l  at  ■  eaala  par  llaa  for  «ark 

iyartloa,  bat  vfeaadaBaMa  ardara  an  (It«s  («r  dra,  or  BMra,  Isaari  loaa.  a 


I  If  Bada,    Wo  Btoadaa  of  eaatfi 

rtaaa  CMI  >atlr—.aaaa  adttrtlaara  ■■■*  kataaa—l  ifidilMltln     HpaCal 
ftadM*  la  BmUw  aadrtaaacM  cetaiMMcaaAyarBKaMhlaKrUoB. 
■.•■B*a  «■••. 
Tka  L/-adoa  oaea  of  IbaCHaDaicu  i<  >t  Mo.  S  Aattla  rrtara.  Old  Bcoad 
aliaal.  wkcra  aabacrlpuoaa  aia  Uaaa  •!  '  '<  follnwlac  latca : 

AaaaalBabaarlBUMtottoChroalclr.iBdadlDff  poataga) B>  (a. 


au 

viuua  B.  »a«a.    I  WnXIAM  B.  DAVA  B  CO.,  P«Miakai% 


tom»  a.  run*,  /a.  | 


79  aad  •!  WiUlaiB  dittM.  XKVT  TORK. 
Po«T  Omr«  11.. «  4  *»*. 


B^  A  aaal  lla-aonr  la  fatalakad  at  UeaaUs  poataca  ea  Ika  aama  la M 
caala.    Volaaaa  boaad  for  nhacrlbOT*  at  |l  tOi  ^ 

£'  AeoapMawtof  ikaOoaaaanai.  aan  riaaaouL  Caaoinei.a-Jal|r 
la  data-la  for  wl«  at  Ika  aMea  Aho  oaa  a*(  of  UcxT't  Maaoaaaai 
lana^  IMi  la  Mil,  •ttiy.ikfaa  rataaaa. 


I^T  Tk*  BB>lB«aa  DrpartmeBt  of  lb*  raanama  !•    rvpraaaolad  aiBOOg 
riaaacUI  lotrrecclii  New  York  CItr  br  Mr.  Prad.  W    ./ofiea. 


THE  timv,  OF  THE  DEBT  AND  THE  (OWEKTIBLi:    Bfl.ND 
WIIEHB. 

It  u  olten  said, and  still  ofU'iii'i' tnlkcii  f^r  ;;r:iiit.  1,  itiat 
the  convertible  bond  dchc-mo,  wliioii  ilic  p.ij'Oj  iiioij.  y  nu'ii 
offer  Ma  a  paoacea  for  the  evil*  of  the  cnrrcncy,  is  a  to- 
tally new  remodf  and  has  never  been  proposed  before. 
Thia  is  a  great  mistake.  Neither  the  plan  itself,  nor  the 
principles  on  «hich  it  rests,  has  any  of  the  charms  ol 
noTelty.  Mr.  Ungh  McCulloch,  in  one  of  bis  recent  lat- 
ter* on  finance,  says  that  the  policy  of  issning  conTert* 
ibie  bonds,  as  a  part  of  our  war  finance,  originated  with 
Mr.  John  Sherman,  in  1801.  .\t  that  period  Mr.  Sherman 
proposed  an  isxne  of  S  per  cent.  oooTertiblo  bonds,  to  b* 
emitted  at  the  same  time  an  the  greenbacks,  and  for  the 
pnipose  of  abaorbing  or  funding  them,  so  that  they 
might  be  withdrawn  from  the  channels  of  the  circnla- 
tion.  Other  persons  proposed  that  the  bonds  should 
bear  0  per  cent,  interest,  while  others  again  saggested 
8'66  per  cent,  interest  as  a  proper  rate  for  the  converts 


ible  bon^B  to  bear.  All  these  propositions  were  agitated 
in  1861  and  1802.  Bat  the  paper  money  men  rejected 
them  on  the  ground  that  they  would  lead  to  an  early 
oonttaction,  as  indeed  would  certainly  have  happened  if 
the  schemes  had  fulfilled  their  part  of  the  policy  which 
they  were  designed  to  aid.  This  policy  consisted  of  three 
sncoessive  steps  :  finit,  the  greenbacks  were  to  be  issued 
aa  a  temporary  means  of  replenishing  the  bankrnpt 
treasury  and  of  carrying  on  the  war,  which  was  ex- 
pected to  terminate  after  a  very  brief  eanipaign  ;  sec- 
ondly, these  greenbacks  were  to  be  withdrawn  and  can- 
celled as  fast  as  possible,  by  converting  them  into  bonds, 
the  greenbacks  not  to  be  issued  again  after  they  bad 
once  been  converted  ;  thirdly,  to  provide  a  uniform  cur- 
rency, rwlffinable  in  specie,  the  national  banking  system 
was  to  be  created,  to  manage  the  only  paper  currency 
that  was  to  be  permitted  to  circulate  in  the  United 
States  as  money. 

Such,  in  brief,  was  the  convertible  bond  scheme  in  its 
original  shape.  The  paper  money  men  opposed  it  and 
fought  against  it  with  all  their  miglTt ;  but  it  was 
a<lopted  by  Congress  in  spite  of  their  utmost  efforts. 
The  first  and  second  points  were  provided  for  by  the 
«t;ttute  of  25th  February,  1862,  which  authorized  the 
i^>lu■  of  greenbacks,  and  enacted  that  these  greenbacks, 
w  11  emitted,  should  be  convertible  into  six  per  cent 
U:,iU  at  par.  Tlius  was  established  the  plan  for  issuing 
and  for  gradually  withdrawing  the  greenbacks,  which  in 
all  this  early  legislation  were  regarded  as  a  temporary 
issue  of  Treasury  notes  for  the  purpose  of  negotiating  a 
permanent  long  loan  of  six  per  cent  bonds.  The  third 
branch  of  the  financial  plan  was  not  provided  for  till  one 
year  later.  After  a  long  and  acxious  discussion.  Congress 
passed  the  act  of  26lh  February,  1803,  entitled  "An  Act 
to  provide  a  national  currency  secured  by  a  pledge  of 
L'^^^State*  stockn,  and  to  provide  for  the  circulation 
and  redemption  thereof."  To  introduce  some  needful 
modificatiens  of  the  new  banking  nystcm,  this  act  was 
the  next  year  repealed  and  a  substitute  enacted  June  3, 
1864,  which,  with  the  later  amendments,  is  still  in 
operation.  Under  these  laws,  with  the  9th  section  of 
the  act  of  July  13,  1866,  and  the  2d  section  of  the  act 
of  March  26,  1867,  taxing  the  notes  of  State  banks  and 
of  towns,  cities,  mnnicipal  corporations  and  individuals, 
naed  for  circulation,  nearly  all  the  State  banks  have  been 
converted  into  national  banks  or  gone  out  of  existence, 
and  those  few  banks  which  remain  have  ceased  to  issue 
notca  for  circulation,  finding  it  unprofitable  to  do  so. 

It  is  not  possible  to  say  how  this  policy  would  have 
worked  if  it  had  been  fairly  tried  in  all  iU  three  part* 
The  prevailing  belief  is,  that  it  would  have  kept  our 


500 


(THE   CHRONICLE. 


[November  27,  1375. 


financial  system  much  more  stable  during  the  war,  and 
would  have  favored  the  return  of  specie  payments  soon 
after  the  restoration  of  peace.  However  this  may  be,  it 
is  absolutely  certain  that  the  enormous  issues  of  currency 
in  1864  and  1865  would  have  been  needless  and  impossi- 
ble; needless  because  the  Treasury  could  have  supplied 
itself  with  funds  by  a  less  wasteful  expedient;  and 
impossible  because  the  Treasury  notes  could  not  have  been 
kept  afloat  to  such  a  mischievous  excess  if  they  had  been 
convertible  into  six  per  cent  bonds  whose  issue  would 
have  cancelled  and  destroyed  the  notes.  We  have  lately 
discussed  this  question  and  need  not  enlarge  upon  it  here. 
It  is  enough  to  say  that  on  the  21st  January,  1864,  the 
convertible  privilege  of  the  greenbacks  ceased,  by  act  of 
Congress,  and  that  the  disasters  of  the  Treasury  began  to 
thicken.  On  that  day  gold  was  quoted  at  157.  In  six 
months  the  premium  had  run  up  to  285,  and  it  did  not 
return  to  156  until  the  close  of  the  war.  Such  were  the 
disastrous  consequences  of  'he  repeal.  It  ongned  the 
door  for  the  issue  of  Treasury  notes;  and  it  Aade  such 
issues  absolutely  indispensable  to  carry  on  the  war.  As 
a  result  of  these  issues,  we  had  outstanding  on  the  1st 
September,  1865,  684  millions  of  legal  tender  notes,  with 
830  millions  of  seven-thirties  and  192  millions  of  tempo- 
rary loans.  The  pressure  of  these  short-date  and  demand 
claims  upon  the  Treasury  was  enormous.  It  was  almost 
entirely  owing  to  the  good  management  of  Mr.  McCulloch 
in  1866  and  1867  that  the  embarrassments  of  the  Treasury 
were  adjusted  and  did  not  produce  great  disasters.  How 
much  the  burdens  of  the  war  were  enhanced  by  the  repeal 
of  the  convertible  privilege  of  the  greenbacks  in  1864,  is 
a  problem  that  we  shall  not  here  examine.  Its  influence  in 
fastening  upon  the  country  an  irredeemable  currency  for 
the  last  ten  years,  instead  of  permitting  the  early  resump- 
tion of  speoie'payments  at  the  end  of  the  war,  when  every- 
thing was  so  favorable  to  the  change,  must  be  a  very 
important  element  in  any  estimates  we  may  attempt  to 
form  of  the  value  of  this  mischievous  element  in  our  war 
finance. 

But  here  the  question  is  asked,  why  not  re-enact  the 
convertibility  plan  whoso  repeal  did  so  much  harm  ? 
The  answer  is,  that  we  shall  revive  itin  some  appropriate 
form  whenever  the  greenback  currency  is  to  be  contracted. 
Till  then  the  convertibility  scheme  cannot  be  adopted. 
For  its  very  essence  is  contraction.  Now,  if  the  paper 
money  men  want  contraction,  this  is  the  way  to  obtain 
it.  Let  them  propose  that  the  greenbacks  be  converted 
at  par  into  long  bonds,  and  let  the  converted  greenbacks 
be  destroyed  and  cancelled  at  the  rate  of  a  prescribed 
number  of  millions  a  month. 

But  no  !  they  answer.  This  is  not  what  we  want.  We 
.  do  not  wish  the  greenbacks  destroyed.  We  want  them 
re-issued  in  exchange  for  the  3 -65  bonds  at  any  Custom- 
House  or  Sub-Treasury  throughout  the  country.  Now, 
this  is  neither  more  nor  less  than  to  insist  that  the  gov- 
emrdent  shall  buy  its  bonds  from  all  comers,  at  par.  Here 
we  have  a  novelty  in  American  finance.  The  govern- 
ment is  to  go  into  the  banking  business  and  buy  and  sell 
its  3'65  bonds  with  anybody  who  wants  to  trade  in  them. 
But  why,  it  may  be  asked,  should  these  new  dealings  be 
confined  to  3"65  bonds?  Why  should  the  holders  of 
these  bonds  engross  the  privilege  of  selling  their  bonds 
to  the  government  ?  Equity  demands  that  at  a  propor- 
tional price  the  holders  of  ten-forties,  five-twenties  and 
Other  bonds,  should  also  be  permitted  to  go  to  the  Treag 
ury  of  the  United  Slates  and  get  cash  for  their  bonds. 
And,  again,  it  may  be  asked  why  the  holders  of  these 
3'65s  cannot  go  into  the  market  and  sell  their  bonds 
when  they  desire  to  turn  them  into  cash,  as  is  the  laud- 


able custom  of  the  holders  of  the  government  securities  of 
foreign  countries.  Moreover,  the  inquiry  recurs  how 
the  Treasury  is  to  command  at  all  times  so  much  ready 
cash  as  would  be  needful  to  carry  it  through  the  pressure 
of  a  panic.  But  this  question  brings  us  to  the  main  pur- 
pose and  real  object  of  the  paper  money  men,  which  is 
to  make  necessary  an  unlimited  issue  of  paper  money. 
Without  such  issues  there  would  be  no  demand  for  the 
3-65  bonds.  For  who  would  want  to  invest  his  money 
in  such  bonds  at  par  when  he  can  buy  at  the  same 
price  railroad  and  other  securities  which  will  p;iy  twice 
as  much  of  annual  interest.  In  view  of  these  facts  it  is 
illogical  and  ridiculous  to  argue  that  the  conversion  of 
the  greenbacks  into  the  3"65s  would  operate  to  restore 
and  keep  up  specie  payments.  Every  tyro  in  finance 
sees  at  once  that  on  this  system  greenbacks  cannot  rise 
above  the  3"658,  and  it  is  notorious  that  at  present  a  3*65 
bond  cannot  be  sold  for  par  in  gold  in  any  market,  here 
or  abroad.  Hence  it  follows  that  until  that  can  be  done 
— until  the  government  credit  is  so  improved  that  the 
convertible  bond  will  sell  freely  at  par  in  gold,  we 
cannot  hope  to  make  the  greenbacks  interchangeable 
therewith,  as  an  auxiliary  in  the  work  of  restoring  specie 
payments  or  of  funding  legitimately  the  public  debt. 


REPORT  OF  THE  DIRECTOR  OF  THE  MI\T. 

The  Resumption  Bill  of  14th  January,  1875,  gave 
authority  to  the  Secretary  of  the  Treasury  to  prepare 
silver  coins  for  the  redemption  of  the  fractional  currency. 
The  report  of  Dr.  Linderman,  Director  of  the  Mint, 
shows  what  progress  Mr.  Bristow  has  made  in  this  work 
during  the  year,  and  gives  some  further  information 
which  will  set  at  rest  several  of  the  errors  that  have  been 
current  on  the  subject.  The  rumor  has  been  industriously 
spread  that  20  milhons  or  more  of  silver  had  been  bought 
for  gold,  and  that  the  gold  balance  of  the  Treasury  wa» 
being  thus  depleted.  We  find  from  the  oflicial  report 
that  the  whole  of  the  purchases  of  .silver  bullion  by  the 
Treasury  from  14tli  January  to  31st  October,  1875,  were 
only  §8,340,747  03,  or  considerably  less  than  half  of  the 
aggregate  afiirmed  by  common  report.  Last  January 
the  silver  buUioa  on  hand  w^as  about  |1, 500,000.  Hence 
the  total  stock  of  silver  owned  by  the  Treasury  on  the 
1st  November  is  about  ten  millions  of  dollars.  But  the 
coin  balance  on  that  date  was  $73,783,439.  Of  this  sum 
ten  millions  were  silver,  and  nearly  64  millions  gold. 
The  coin  certificates  were  reported  at  $15,645,100. 
Deducting  this  sum  we  find  the  amount  of  gold  owned 
by  the  Treasury  was  48  millions,  or  almost  five  times  as 
much  as  the  amount  of  the  silver. 

This  statement  applies  to  the  amo  int  of  bullion  aotu^ 
ally  delivered  to  the  mints.  The  amount  contracted  for 
and  to  be  delivered  hereafter  is  not  spoken  of.  Nor  is 
there  any  positive  information  about  such  contracts. 
The  process  of  coining  silver  is  a  very  slow  one,  and  the 
whole  of  the  resources  of  our  mints  ha^'e  not  availed  to 
strike  off  more  than  28,424,300  pieces  of  the  aggregate 
value  of  $7,820,008.  Of  these  the  half  dollars  were 
10,535,200,  of  the  value  of  $5,267,600 ;  the  quarter 
dollars  4,260,200  pieces,  of  the  value  of  $1,065,050;  and 
the  dimes  12,375,400  pieces,  of  the  value  of  $1,237,540. 
There  were  <ilso  of  the  new  twenty-cent  pieces  1,25.'?,590, 
valued  at  $250,718.  The  mints  are  now  working  at  the 
rate  of  $680,000  a  month;  this  slower  progress  is  due  to 
the  small  coinage.  For,  if  the  striking  of  a  quarter 
requires  as  long  a  process  as  that  of  a  half  dollar,  the 
day's  work  of  a  stamp  would  yield  only  one  half  of  the 
value  when  employed  in  the  smaller  pieces. 


Kovember  27,  1875.] 


THE   CHRONi    liR 


601 


The  next  question  is  a«  to  the  profit  which  the  Treaaury 
makes  upon  these  coins.  Oar  silver  coinage,  as  is  well 
known,  is  not  the  standard  of  our  money.  The  standard 
is  gold.  Silver  is  only  a  token  coinage  whose  cost  is  less 
than  its  face.  For  reasons  that  are  well  known,  no  incon- 
venience results  from  this  over-valnation  of  our  silver 
coins.  "What  is  important  to  remember  is,  that  if  we 
count  200  silver  half  dollars  and  sell  them  for  bnllion 
they  will  not  be  worth  $100  in  gold.  They  will  bring 
as  no  more  than  95  gold  dollars,  while  100  dollars  in 
silver  dimes  or  half  dimes  are  worth  to-day,  as  bullion, 
no  more  that  90  dollars  in  gold  coin.  It  follows  that  if 
the  government  buy  silver  bullion  at  the  market  price, 
and  coins  it  into  dimes,  they  make  a  larger  profit  than 
when  half  dollars  are  coined.  There  is  a  good  deal  of 
confusion  of  thought  on  this  subject.  Many  people  have 
■uppoaed  that  if  our  silver  coin  were  at  par  with  greenbacks 
and  we  were  to  resume  to-day  on  the  silver  standard,  we 
should  the  sooner  l>c  able  to  resume  on  the  gold  dollar. 
This  vulgar  error  will  cease  to  trouble  us  if  wo  remember 
that  the  silver  dollar  is  only  a  token  dollar,  that  it  has 
had  no  title  whatever  to  be  called  the  standard  of  value 
in  this  country  for  many  years,  and  that  it  is  wholly 
unfit  to  be  made  the  standard  of  value  or  to  tulfil  any 
other  noroismatio  duties  than  those  of  a  subordinato 
token  coinage. 

We  leani  from  the  report  before  us  that  the  coining  rate 
of  the  fractional  silver  is  (1244  per  standard. ounce. 
Tliia  is  the  rate  at  which  the  silver  coin  is  issued  by  thi- 
Treasary.  On  the  other  hand,  the  silver  bullion  has  cost 
on  the  average  $1*114.  Hence  the  increase  in  the  nominal 
value  daring  the  process  of  coining  is  13  cents  an  ounce, 
or  ablaut  12  per  cent  on  the  cost.  On  this  showing  of 
Dr.  Linderman  every  dollar's  worth  of  silver  coin  manu- 
factured at  the  mint  costs  oar  government  at  the  whole- 
sale market  price  at  the  mines  88  cents  for  the  material 
or  bullion  which  is  worked  up.  The  trade  dollar  we 
do  not  notice  here.  This  new  piece  is  not  a  j>art  of 
oar  domestic  coinage.  It  is  simply  a  coin  for  exporta- 
tion, and  it  is  of  a  standard  chosen  in  order  to  provide 
a  foreign  market  for  the  product  of  oar  silver  mines. 
This  b  an  important  object,  for  the  coining  capacity 
of  the  mints  for  silver  coins  is  not  equal  to  half  our 
annual  product,  and  in  two  years  onr  mines  could  yield 
more  than  enough  to  supply  all  the  silver  coin  that 
we  can  with  advantage  employ  in  this  country  when 
sOver  has  once  more  become  the  ordinary  fractional 
currency  of  retail  trade. 

8ach  are  the  chief  features  of  the  report  before  us.  It 
throws  light  on  the  plans  of  the  Treasur}  for  resump- 
tion ander  the  law  above  referred  to.  The  Secretary  of 
the  Treasury  is  authorized  to  use  his  discretion  as  to 
the  time  and  amount  of  the  new  additions  of  silver 
coins  to  the  specie  in  the  government  vaulto.  There  are 
some  persons  who  contend  that  the  time  is  not 
yet  come  for  this  part  of  the  work  of  preparing 
for  q>ecie  payments.  They  argue  that  in  coining 
sQver  the  Treasury  is  beginning  at  the  wrong  end, 
and  that  what  is  wanted  is  to  accumulate  gold.  In 
support  of  this  opbion,  they  cite  the  fact  that  silver 
coin  is  not  a  legal  tender  for  debts  of  more  than  five  dol- 
lars. Hence  they  any  the  greenbacks  must  be  redeemed 
for  the  BMMt  part  in  gold.  As  silver  may  not  be  snftic- 
icntly  popular  to  induce  the  holders  of  greenbacks  to 
accept  it  voluntarily  when  resumption  begins,  the  nLiin 
demand  for  specie  for  redemption  will  mu  on  gold  coin 
Mid  not  on  silver.  To  meet  this  objection  it  has  Ixen 
reoommended  to  pass  a  law  making  silver  coin  a  It-gal 
tender  to  the  amoant  of  20  per  cent  of  any  debts  whatever. 


This  proposition,  however,  does  not  find  much  favcr. 
}^or  is  there  any  evidence  that  it  can  or  onght  to  be 
adopted.  Another  proposition  is  to  allow  the  present 
fractional  currency  to  remain  in  circulation  without  dis- 
turbance until  after  resumption,  and  not  to  attempt  to 
withdraw  it  until  after  specie  payments  shall  have  been 
for  some  time  restored.  Tliese  and  some  other  plana 
will  no  doubt  be  agitated  in  Congress  ;  but  the  interest 
attaching  to  them  is  only  subordin.ite. 

How  far  the  present  policy  of  the  Treasury  will  be 
modified  it  is  impossible  to  foresee.  It  is  probable  that 
the  coinage  of  silver  will  go  on,  however,  until  we 
have  soenmulated  fully  twice  as  much  as  we  have  at 
present.  The  circumstances  of  the  silver  bullion  mar- 
kets at  home  and  abroad  are  very  favorable  to  such  a 
course.  Germany  is  just  now  remodelling  her  coinage, 
and  sOver  sells  at  a  lower  rate  than  for  yeai-s  past.  Tho 
yield  of  our  silver  mines  ia  now  about  30  millions  a  year, 
or  twice  as  much  as  the  annual  average  of  the  decade 
from  1861  to  1871.  This  rapid  increase  of  our  silver 
prodnot,  and  tho  low  price  at  which  silver  bullion  can 
now  be  purchased,  are  urged  in  addition  to  the  numerous 
other  argtiments  why  we  onght  to  continue  our  efforts 
during  this  favorable  period  to  fabricate  silver  coin  at 
our  mints,  so  that  wo  may  hold  it  in  readiness  for  the 
time  at  whicl^  it  will  be  proper  to  put  our  silver  in  circu- 
lation and  complete  the  work  of  resumption. 


THE  LAST  ?IBW  TUFLE  IN  Pllll^THROPT. 

Verily,  the  world  advances;  the  fashions  come  and  go; 
the  seasons  pass ;  tho  fickle  wheel  of  fortune  turns  and 
turns  and  turns  again ;  and  the  spoke  that  seems  upper- 
OMMt  just  now,  smacks  strongly  of  the  humor  of  Sterne; 
— that  tender  being  who  wept  tears  of  sweet  sensibility 
over  the  rnrnsssns  of  dead  beuts,  and  went  on  all  the 
BUie  breaking  his  wiftr's  heart,  with  a  hard  and  cold  per- 
aistenoe  worthy  of  a  mill-stone, 

"Charity  !"  is  the  well-worn  cry,  to  which  the  ages 
have  re-echoed ;  "  Ch.irity,  good  people  !  Charity,  in  tho ' 
name  of  Heaven,  and  seven  small  donkeys !" 

So  say  we  all  of  us;  let  ns  have  charity  by  all  means; 
there  is  nothing  more  commendable  or  more  usefub 
eapecially  since  it  ha;*  grown  into  a  cloak  so  particularly 
■ioe  and  wide.  It  is  bmad  in  the  b.<tck,  full  in  the  front, 
loag  in  the  heels,  high  in  the  neck,  and  continues  to  cover 
daily  a  bigger  and  bigger  multitude  of  sins  with  such 
aoaoess,  that  it  is  only  once  in  a  half-dozen  timcit  that  the 
hoofs  stick  oat  at  the  bottom,  or  the  horns  at  the  top. 

Reoeatly,  Charity  appears  to  have  gone  gallivanting 
ohcerfnlly  about  in  the  romantic,  but  somewhat  obsolete 
r6k  of  highwayman. 

Some  persons  are  so  sentimental  as  to  prefer  their  foot- 
pads in  black  masks,  with  dark  l.interns;  others  like  them 
as  gmti/gamk  in  disguise,  who  have  taken  to  the  road, 
through  blighted  affections;  but  alas  1  in  our  town  it  has 
oome  to  be  Uobson's  Choice  V  Tou  most  tske  them  opu- 
lent and  corpulent,  in  caps  and  badge*,  or  not  at  all,  and 
when  they  cry,  "Stand  and  deliver!"  down  you  must 
come. 

You  may  be  hastening,  after  many  delays,  with  every 
nerve  and  fibre  strained,  to  catch  the  Liverpool  steamer; 
passage  paid ;  steam  up  ;  little  children  got  aboard ; 
minates  flying;  when  you  are  suddenly  stopped  by  one 
of  the  aforesaid  highwaymen.  Your  money  ?  Take  it, 
you  cry.  Your  life  ?  They  might  ns  well  have  it  as 
your  time,  just  now.  But  no, — you  are  fiercely  informed 
that  some  one  has  evidently  been  tampering  with  the 
tail  of  your  horse,  and  that  he  mutt  and  tliall  go  to  the 
hospital,  while  you  may  go  to  the  — ~^  where  yon  liko 


502 


THE   CHRONICLK 


[November  27,  1875. 


Or  perhaps,  unhappily,  you  are  hurrying  in  unspeak- 
able anxiety  to  the  bedside  of  a  dying  friend  ;  or  rush- 
ing, it  may  be,  in  hot  pursuit  of  a  villain  who  has 
absconded  with  your  bonds  ;  or,  perchance,  speeding  on 
to  keep  the  most  sacred  appointment  of  your  life,  with  a 
proud-souled  young  bride,  who  is  not  aware  that  Free- 
booting  and  the  Inquisition  have  revived.  Bankruptcy, 
Love,  Death,  Honor.  What  are  they  ?  Trifles  light  as 
air,  to  the  legalized  bergh-ler. 

Or,  yet  more  delightful,  it  may  not  be  you  at  all, 
fresh  from  your  Indian  clubs,  with  the  pleasant  influences 
of  the  "  Gym"  still  vibrating  along  your  muscles,  and 
the  cheering  knowledge  in  your  mind  that  your  own 
right  arm  hath  gotten  you  the  victory  before  and  can  do 
it  again,  if  needful.  It  may  be  the  wife  and  babies  come 
into  town  to  see  the  doctor  about  Kobby's  eyes  or  Polly's 
cough.  You  have  found  them  a  carriage,  tucked  them 
in,  smiled  a  good-bye,  and  walked  off  with  a  warm  feel- 
ing at  your  heart,  and  an  inclination  to  do  kindly  by  all 
the  world,  for  the  sake  of  that  one  treasure  it  contain?. 
But  the  happy  little  family,  rolling  on  in  its  peaceful 
way,  is  suddenly  arrested  by  stentorian  tones.  The  stout 
highwayman  appears  at  the  door.  Round  iuthe  paunch, 
red  in  the  face,  rough  in  the  voice,  and  bristling  from 
head  to  foot  with  swinish  satisfaction  at  having  rooted 
up  something  weak  to  swagger  at.  "  Get  down  into  the 
street.  Madam  !"  he  cries,  "  your  horse  has  a  scratch  on 
his  shin  a  full  inch  long  1  Hail,  sleet,  rain,  mud,  wind, 
are  none  of  our  business  !  Turn  out  !  Women's  feel- 
ings, baby's  eyes,  children's  throats  are  nothing  to  us ! 
Our  Societt/  protects  Animals .'" 

And  why  not  ?  Surely  the  horse  is  a  noble  creature, 
and  the  shinbone  is  one  of  his  noblest  portions  ;  in  fact, 
there  is  hardly  anything  more  noble  or  more  remarkable 
than  the  shinbone  of  a  horse, — unless,  possibly,  it  may  be, 
the  jawbone  of  an  ass. 

The  very  coarsest  man  has  been  supposed  to  look  upon 
his  wife  as  "  something  better  than  his  dog,  a  little  dearer 
'than  his  hoise,"  but  it  would  be  presumptuous  to  ask  any 
such  flattering  recognition  for  the  wives  and  mothers  of 
this  present  day  from  a  lofty  organization  which  exists 
only  for  the  prevention  of  cruelty  to  animals — a  fresh- 
painted,  French-plated,  gay-gilded,  much-mottoed,  well- 
phylacteried  charity,  which,  in  heavenly  unconsciousness 
of  its  own  little  sarcasm  upon  itself,  puts  forth  as  its 
symbol,  the  image  of  a  horse  with  humanity  beneath  its 
feet. 

We  can  only  suggest  to  the  further  victims  of  this 
admirably  conducted  association,  that,  in  future,  they  lay 
aside  all  the  prerogatives  of  womanhood,  all  thought  of 
human  rights  ;  they  are  earnestly  advised  to  approach 
the  royal  mercy -seat  humbly,  in  meek  attire,  with  their 
hands  on  their  mouths,  and  claim  protection  simply  as 
weak,  sick,  or  badly-abused  animals  ;  at  the  same  time 
they  may  be  permitted,  if  they  wish,  to  remark  in  a 
deprecatory  manner,  "Remember,  He  who  made  the 
brute,  made  me." 


Xoney  and  the  l£echani»m  qf  ExcTuxnge.  By  W.  Stanlet  Jkvons,  M.  A.,  F.  K 
8.,  ProfesBOr  of  Logic  and  Political  Economy  in  the  Owens  College,  Man- 
chester. New  York :  D.  Appleton  &  Co.,  1S75.  Cloth:  price  $1.50,  pp.  350. 
This  volume  is  the  Beventeenth  of  the  "International  Scientific 
Series,"  of  Messrs.  D.  Appleton  &  Co.  The  book,  as  its  name 
imports,  deals  with  the  facts  relating  to  coin,  paper  and  other 
mediums  of  exchange  as  they  have  been  developed  by  the  ex- 
perience of  the  different  cations  of  the  vorld  who  have  made  use 
of  them.  It  is  practical  and  historical  rather  than  theoretical, 
and  is  designed  to  furnish  exact  information  to  those  who  would 
study  or  discuss  the  subject  of  exchanges,  rather  than  to  set  up 
any  new  idea  or  principle  to  be  approved  or  combated.  Alto- 
gether, Professor  Jevons'  book  is  to  be  considered  a  most  valuable 
contribution  to  the  literature  of  pollticnl  economy,  and  will  be 
wanted  in  the  library  of  every  person  who  desires  to  study  the 
subject  intelligently. 


Cateat  flloiietarn  aiitr  (ttaminercial  (Suglial)  Nema 


RATKttOV  SXOHANUK  AT  LUNltUN,  AND 

ON  I.ONI1ON 

AT  LATEST  DATB8. 

mCHANGE  AT  LONDON^ 
NOVEMBER  13. 

EXCHANGE  ON  LONDON. 

OH— 

Tins. 

RATI, 

LATEST 
DATE, 

TIME, 

RATE. 

Amsterdam . , . 

short. 

Nov.  12. 

Short. 

12.05 

Antwerp 

3  months. 

25.22 

Hamburg 

ao.eo  020.64 

8moe. 

20.15 

Paris 

short. 
S  months. 

aS.iO    2S6.30 
11.6S     ^11.70 

Nov.' 12. 

short. 
3mo8. 

25.24 

Paris 

Vienna 

lis. as 

Berlin 

.... 

■XSM    ttiOM 
30.59    520.64 

short. 

20.32 

Frankfort  .... 

20. 3U 

St.  Petcrnhnri? 

31    miH 

** 

3mo«. 

32 

Constantin'ple 

.... 

" 

111 

Cadiz 

3  months. 
90  days. 

UX9S2>t 
21.80S»7.'!0 

.... 

Lisbon 

•  ■••• 

UlUan 

8  months. 

.... 

Oenoa 

21.60(327.70 

.... 

.... 

.Saplee....  ... 

.... 

Sr.60a27.70 

... 

.... 

New  York.... 

.  .■ 

Nov.  13. 

60  days. 

4.83 

Rio  de  Janeiro 

Oct.  1.1. 

90  days. 

27X 

Bahia 

Oct.    0. 

" 

2TJi 

Buenos  Ayres.. 

.... 

,  .  >     •• 

Sept.  9. 

" 

4J 

Valparaiso 

... 

Sept.  1. 

43J^ 

Pernarabtico  .. 

.... 

Oct.  iO. 

87« 

Montevideo... 

.... 

Bombay 

60  days. 

i».  9i(?. 

.... 

CalcutU 

]«.  SJid. 

Oct.    9. 

6mo6. 

1».  10  3-I6rf. 

Hong  Kong... 

.... 

8».  llJid. 

Oct    7. 

4«.  id. 

Shanghai 

.  . . 

B».  BXd. 

OcU    7. 

bs.  Sd. 

Penang 

.... 

Sept  20. 

4s.  \}id. 

Singapore..     . 

... 

3s.  likd. 

Oct.    2, 

4«.  id. 

Alexandria 

Nov.  10. 

3mos. 

96>«- 

LFrom  our  own  correspondent.! 

London,  Saturday,  Nov.  13,  IbiS. 

The  directors  of  the  Bank  of  Englaud  were  somewhat  longer 
than  usual  discussing  the  question  of  an  alteration  in  the  Bank 
rate,  but  notwithstanding  that  the  open  market  rates  of  dis- 
count are  fully  one  per  cent  below  those  current  at  the  Bank, 
they  have  elected  to  make  no  change,  and  hence  the  official  mini- 
mum remains  at  4  per  cent.  Nn  doubt,  the  political  uncertainties 
which  exist,  together  with  the  probability  of  an  early  revival  of 
the  demand  for  gold  on  account  of  the  German  Mint,  have 
materially  influenced  the  discussion,  as  it  is  not  to  be  expected 
that  the  Bank  can  secure  much  discount  business  when  the 
charge  outside  is  only  3  per  cent  for  first-cUss  bills.  The  supply 
of  commerciil  bills  continues  very  limited,  and  during  the  present 
year  there  is  no  probability  of  any  increase  in  it,  for  trade  is 
slack,  and  is  being  curtailed  in  most  departments.  Now  and 
then  there  is,  indeed,  a  trifling  increase  of  activity,  but  it  is 
never  permanent,  and  a  period  of  calm  quickly  succeeds.  The 
agitation  in  the  market  for  speculative  foreijjn  stocks,  and  the 
heavy  losses  which  the  public  have  sustained  in  many  of  their 
investments  of  late,  naturally  produce  a  cautious  feeling,  as  a 
large  section  of  the  community  will  be  compelled  I0  diminish  its 
expenditure,  one  effect  of  which  will  be  to  check  any  tendency  to 
improvement  in  business.  At  the  present  tiuie  there  is  only  one 
circumstance  calculated  to  make  money  dear,  and  that  is  the 
German  demand  for  gold.  The  effect  of  this,  however,  cannot  be 
permanent,  and  as  our  requirements  have  of  late  been  much 
reduced,  while  the  Bank  of  England  still  holds  £23,189,799,  there 
cannot  of  course  be  much  apprehension  about  tlie  future.  Pos- 
sibly, when  the  French  have  returned  to  specie  payments,  which 
they  may  do,  when  the  German  gold  coinage  operations  are  com 
pleted,  the  gold  question  will  cease  to  exert  the  influence  upon  the 
money  market  it  has  done,  for  there  will  then  be  ample  supplies 
available  in  Europe,  the  stock  in  the  Bank  of  France  being  now 
aa  much  as  £64,100,000. 

During  the  present  week  the  bank  has  continued  to  borrow  on 
stock,  with  a  view  to  diminish  the  supply  of  floating  capital,  but 
if  any  effect  has  been  produced  it  has  not  been  very  apparent. 
The  only  argument  in  favor  of  the  operation  is,  that  the  rates  of 
discount  in  Lombard  street  must  have  been  much  easier  tlian  they 
are.  There  is,  in  fact,  so  little  trade  demand,  while  the  supplies 
of  unemployed  money  are  so  considerable,  that  great  difficulty  is 
experienced  in  upholding  the  rates;  and,  consequently,  as  soon 
as  the  German  demand  subsides,  renewed  ease  becomes  apparent. 
The  supply  of  bullion  continues  to  diminish,  partly  in  conse- 
quence of  an  export  and  partly  owing  to  a  provincial  demand, 
but  the  reduction  does  not  exceed  £352,020.  The  falling  off"  in 
Government  securities  is  £940,000— the  result,  chiefly,  of  borrow- 
ings upon  stock,  and  for  a  similar  reason  the  private  de- 
posits have  been  diminished  by  £998,832.  The  note  circulation 
is  now  decreasing,  the  falling  off"  this  week  being  £528,596,  in 
consequence  of  which  there  is  a  small  increase  of  £172,200  in  the 
total  reserve.  The  proportion  of  reserve  to  liabilities  is  now 
about  42  per  cent.,  cgainst  39i  per  cent,  last  week. 

Notwithstanding  that  there  has  been  a  Stock  Exchange  settle- 


November  27,  1875] 


THE   CHRONICLE. 


503 


Beat,  tb*  daoMnd  for  money  throoghoal  the  week  has  been  ex- 
«MiUii(l7  qalet,  and  the  rates  of  diaooaat  are  aa  under 

rerceat. 

S    OS] 


Baak  rate. 


laadeOcUn'billa 

I  moatlu' bUU 

The  rates  of  Intereat 


allowed 


Par  cent 

Imontht'bank  bill* S    OSH 

6  moDCbi' bulk  bllla S    9SX 

4  »nd  •  moatkj'  trad«  blUi. 


bj  the  Joiat-atoek  banks  and 
diseonnt  hoosea  for  depoaita  remain  as  follows : 

Tat  east 

JolBt-atock  banks IXA  ... 

DiacooBtboaseaateaU *MO.". 

I>i«eoanthoaaeawtthTdar*'aotie* IMSS 

Diacoancboaaaa  inthMdara'noKca...  _ *>tQ> 

Annexed  is  a  statement  showing  the  present  position  of  the  Bank 
of  England,  the  Bank  rate  of  discoaat,  the  price  of  Consols, 
the  arerage  quotation  for  English  wheal,  the  price  of  Middling 
Upland  cotton,  of  No.  40  Mule  yarn  fair  second  quAliij, 
and  the  Bankers'  Clearing  House  return,  compared  with  the 
preTioos  four  rears  : 


ini. 
Olrcalaoon.  laclodlnc      £ 

baakpoetbUla ISjR«.aM 

Pablic  dapoatta MW'WB 

Otbardeposlu tl.«(R.«)8 

UOTarBBaal  aaeartUas.  :j,aOi.O08 

OlberaecnriUas n.SOisM 

Raaarra  of  ooiaa  and 

eoU 1«.IU.*18 

Ootn    and  balllon  li 

both  dapairtaats....  tt.M.IM 

Bank-rate «B.e. 

Oonaola m% 

Bofltahwkaat Ms.5d 

ua.  DpIaadeotUM    ..         iHi. 
McMnaJerararair  N 


int. 

£ 

is.au.ui 

T.ei«,4JB 

it.tM.8:> 

n.UCT!0 


1878. 

£ 
■SOT 

4.aBa.8M 
».esT.6« 
ii.Tc^aao 

«,10i,M« 


1874. 

£ 

n.lM.OM 

*.8a«,8S5 

n,ti«.9« 

U,M1.88t 
U,I8B.S1> 


lam. 

M 

aMBa.i<o 
»jm.tea 


niMa.iM 


tMum    a.«H.5ri    t,a87.Mr  io,oM.4a« 


11T41.801 
81a.  M. 


%a»UtT...'. la.  IXd.     Is.  Ufd. 

r«taiB.ll3.inj80   t8L«Mat 


•  p.e. 

tOs.  M. 
»Xd. 

Is.lj<«. 


44a.  Sd. 

T  11-IM. 


a8,l9.1W 
4  p.  e. 

tt:H. 
•Xd. 

la. 
Kwll*.OU) 


OlaarlBc  a«Bsa 

The  following  are  the  rates  of  interest  at  leading  dtiea  abroad 

Bank     Open 


Paris. 


8«nkO>«a 
lata,  aarkat. 
psf  csat.  pav  caat. 

«        »H 

8         8 

BasibarK •        «1| 

SarUa 8        S 

rrsakfort 8        8 

VlaaaaandTrlaat*....       8        8 
Madrid,  CadUand  bar' 

aaleaa 8        iQI 

UaboaaadOporte...        «        8X 
St-PManbaix *H     *H 


Taria,  rioraaea 

BOSM 

U«P*« - 


rata,  nurkd 
percent,  per  cert. 
......      *H       <>i 


Haw  Totk. 
CMrntla 


8 
8 
8 
» 

"vi 


CnpaBkagaa 8 

Ooastsaffaetia 18 

The  demand  for  gold  for  export  this  we«k  has  been  only  mod- 
erate, and  has  not  been  sufficiently  acti  re  to  attract  much  attention. 
The  arrirala  hare  been  only  moderate.  Silrer  is  rery  qalet,  with 
no  demand  for  India,  and  Mexican  doIlAra  are  unchanged  In  price. 
The  prices  of  bullion  are  as  under : 

a.  4. 


aaU,M4 
BlakOoal 


MAaaMe. 


s.   d. 

n  %n\ 

Tt  10 
TTlIJii 


•oatk  Ascrlcaa  DeaWooas. 
nailed flU-'MOaMOola  ... 


BarSUTer.nae par o«. aiaadard,  naatsM.    88  IS-IMt  .... 

Barm*ar.coa*Bt8(ra.  aalA. par  e».  aiaadsa*.    CIW       •  .... 

Maxlcaa  Dollars per  ea~  laaa nriea.    88  T-W  u    ... 

•paaiak  OsOsn  (Oarotaa) par  as.  ai<as  mnl  •  .... 

rlra  Fraa*  Ptaaaa pareiL    ...       S 

QalekallTar,  CSt«B.A£tOparbottla.    IMacoaBt,  8  par  crat 

In  the  Stock  Exchange  there  hss  been  •  very  unsettled  tsellng, 
and  Parnriaa,  Tarkiah,  Egyptian  and  Russian  OoTernnMat  stocks 
hnre  ezperisBced  a  further  decline  In  price.  Other  forstga  stocks 
M«  also  lalbsr  weaker  in  sympathy.  In  British  railway  shares 
tbor*  baa  baaa  less  buoyancy ,  and  the  quotations  are  rather  lower, 
bat  Indian  OoTemment  and  Indian  railway  secarities,  inclading 
Coloain)  Oorernment  bonds,  have  ramslned  tolerably  Arm.  Ameri. 
can  railroad  bonds  bars  bean  doll,  and  are  rather  weaker,  and 
other  departments  of  the  Stock  Bsebaogc  hare  ruled  quiet. 

The  Board  of  Trade  returns  for  October,  and  the  ten  months 
ending  October  81,  have  been  publlabed  this  week.  They  show 
tbe  following  results : 


ITS. 
Jit,ltt,ttO 
818.1IC,tU 


|>8.8<Ua8      iKUnVm     «U,474.T44 
nHM,y»      MM8cMa8       lR.840.88a 

It  will  bassoa,  ibsisfori.  that  there  Is  a  conaidsinbU  falling  off 

la  our  export  trado,  tkoAmlnntion  for  the  month,  compared  with 

last  yaar,belng  about  £S,400.000,and  In  the  tan  moaths.  £  13,000,000. 

Tbe  Imports  lor  the  past  Booth  ezceod  tliaae  of  last  year  by 

£I,S8S,000,  aad  the  decrease  tor  the  ten  months  is  only  about 

£.VX),000.    Tbe  following  are  some  of  the  principal   imports  and 

exports  for  ths  ten  months : 

..  WI4.  insil 

tl.4W.taO        10.S8I.3« 
1  *8i.4n  8,000.114 

taB,<nLaN     iTt,«t&.«)n 

8.088,744.178    t,a80,»t.9a> 

t.iM.it«       tjm,t%> 

88JI0.840         at.lM,18R 

10M80,4U       178,400.800 

88,748.830 


ma.  1*74. 

.  Al,847,:u      OI.tUJBI 


1S73.  1874.  18T5. 

Exporta  of  ailk  nunafactares £1.519.051  £1,763,871  £l,4ta,101 

Exports  of  wool,  British lbs'  5,941,100  8,Si^701  8,473,300 

Export*  of  wool,    coloaial    and 

foreign Iba.  107,SM,IO«  1S1,«SS,069  157,484,480 

Exporu  of  woolao  yam Iba.  88,088,103  »,640.!»9  ]a,i48,800 

Exporu  of  woolaa  cloth yda.  88,888,010  84.7i8,S5t  85,849.900 

Bxporuof  womaditolb rda.  848,886,119  >31,7i3,tSi  816.330,800 

Eiporta  of  blankets  and  blanket- 
ing   yds.  4,8<9JS7  S,S57,1»4  6.700.300 

Bxporla  of  flannels yds.  6,107,830  6,514.224  6,0»S,3U0 

Exports  of  csrpeU yds.  9,0.11,550  8,ia3,343  6.ti83,9na 

The  following  figures,  relating  to  cotton,  cotton  yam  and  cotton 

goods  are  for  the  month  : 


^^  ixroBTs  op  conoir. 

1873. 

cwts. 

Prora  United  Slatsa 198,4X6 

PraaaBnafl 40,100 

PraoaTarksv 807 

Prom|vTpt..„ 18,866 

PromBrTtfah  bdia > 486,738 

Proa  other  coantriea ~ 


88,485 

Total 777,817 

BZVOBTS  op    OOTTOH. 

88,888 

41,44« 
40^806 
80.784 
88,908 
86,(68 


1874. 

cwts. 
Ml.OlO 

88,566 
38 

58,665 
350,883 

81,443 

868,888 


Tol . 

ToOermaay 

ToBoUaad... 
ToBalglaB.. 
ToPraaee.. 
Toothorc 


porta. 


To 

To  Oeraaar, 
Holiaad.. 


Total 800,794 

ajwos  ey  oonov  tabx. 
1*73. 

Iba.  846.811 

^ «.988,«78 

To  Hollaa^. 4,106,880 

ToPiaaes 10^780 

lauaaaU 886,900 

Toltaly t,88?,470 

To  Aaatrisa  tSRUatias 188,800 

ToTnikay 8,838,900 

To  K«ypt 187,400 

iBtmarit...   ^ 44,800 

To  China  sad  Banc  Boag 888,800 

To  Jaaaa... ; —  .— 

ToBrTtjahtadto- 

Boaila* 

Madiaa 

Bensal 

BtntfuSaMlamaati 

To  oSarsMsMss' V.V  V.V  .*...".'."  I 


188,100 
88(^140 


7*3.800 
188.680 

17.400 
1.985,461 


87.791 
84,189 
41,963 
38,340 
14.48S 
84,837 

196,478 

1874. 

718,196 
8,763,900 
3,488,100 

861,163 

719,000 
t,»48,700 

377,100 
1,371,100 

811,100 
70.900 

i,aei,iao 

1(0,000 

*n,Boo 

848,8(0 
t.(8«.»IO 

19,800 
8,8*8,470 


Totd. 16.081,480         81,485,169 


To 

To  Boll 
To  Pi 

Intraaalt 

To  PortoMl.  Aaona,  tad  Madalra 

To  ItalyTTT 

ToAMUaa 

T,>' 

To 

To 


Tarda 


I  taffltOHMer 


'K?; 


To  Wsat  OaM  of  AfHaa. . 
TeUaHedr 

bi 
Tor 


ooTToa  naoB  eoooa. 
1878. 
8,418,100 
4,488,800 
838(700 
8.878^880 
8,888,(00 
1,884,108 

i.i8Mae 

8,81814(0 
•,S1I,4M 
tMBI,41» 

U«J80 

1.488.(88 

8.480,100 


1S74. 
4.161.800 
4,445,880 
4,tlt,01S 
7,808,000 
T,68(,8T7 
8,864,(00 
1.444,400 
4,640,100 
88,811,000 
13,661.700 
t.<73,700     ■ 

8,488,(00 


ToMagto. 
TotraB 


•lalsa  or  OolsMbla  (Mew 


Istnaalt. 
ToBiMU.  ... 
To  nragnair. 


a^9K800 
8,0(7.800 

8jn,aoo 


To  Anaiulaa  Rapeblie 

ToOHB / 

Toiya 

ToChtaaand  Hum  Bona 

latraasIL 17. 

ToJayao 

ToJaff^ •..»••,•.,.,.... 

ToPMnnlae  Islands. 

To  Olbnikr 

To  Balto. . . .' '"[M"].'!"""'"""'. 

To  Brtttah  Motth  AMrica  

To  Bridah  Waat  India  lalaada  and 


1.M180O 
SJ87j(0 
8^(88,800 
«.811.8r- 


1108,480 
1478.188 

1,8*1,100 
8408,400 
t788,800 


To  Bridah  iiniiiiilaiii  la  Ooalh  Africa. 
ToBrltlahladlf- 
Boabav 

^^"■■^^■••e  •••■  ••■•■  •sae»>*a>B*>>  aeea* 


8,888,100 
1,*46,400 


•,948,800 


4.84fja0 

•,o<6.4ao 

18,(80,9M 
1,876,400 

MSJSS 
8,078,800 

8,188,900 

81,(07,080 

8,710,100 

877,900 

8,918.000 

1,089,600 

8.187,071 

8,1(8,9(10 

9.8(8,880 

MI8300 
1,436,600 

40,706,800 
6,84^900 

71,008.400 
6,»48,l00 
1,4(0,000 


40,0(1 
88,961 
48,688 

71,(84 
11,800 
38,988 

848,196 

1878. 

614,000 

8,5<7i00 

3,367,900 

843,000 

• 

8,878,400 
115,600 

1,106,800 
88^100 

1,104,800 
1,050,800 

511,800 
1,131,400 
l,l4^4ao 

188,300 

4,900 

9,938,100 

!9,678,9a0 

187S. 
4,181,400 
S,76t,880 
8,864,000 

• 

6,844,600 
7,630,700 
'.,038,800 
8,107,(00 
88,606,300 
10,968,000 

1.488,400 
&,l;6,800 

8,808,900 
8.444,100 

4,719,000 

18,(00,t00 

(70,(00 

8,664,000 

4,087,700 

1,164,800 

86,791,800 

• 

8,886,(00 
4,888,800 
8,8(7,800 

1,788,500 
864,000 

4,448,000 

1,847,000 

81,846,700 
^O78.70O 

61,678,100 
M86,300 

• 

8,(17,900 

3.346,800 

86,419,000 

88(,6er.,400 
88,(07,800 

1,1(1,800 

aO6,SlM0O 


s#c .. 

af  Imaadi 

«f  Baaa  jara na. 

e(  Uaaa*(eae(oolB....7ds 
of  Jate  aSuiKtaNs . . .  fda 


mjgivm 


Oayl       _  

ToAaataHa 8,(80,(00  8,780,^10 

To  other  eoaatrlaa 11,81>,84T        88,(00,130 

Total  aahissakad  or  Mssebed 8114««,*98  asTw,^ 

Total  patatad,  dyad,  sraalorad 88,818,a80  *a,B41.ir76 

Total  tt  ■teed  ■statlsis,  eettea  pre- 

*—'— f-^ ^ t,S7«,nO  1.(18,8(0 

T»»taL. J11.160.1(l         8tl,447,»)3 

Other  mannfaeturrs  of  oottoD  show  as  follows : 

Laesaadpatastnet £66.749  £71,447 

Horiary  oTall  aoru £66^413  £1*,(13 

Thnsd  tar  aewlBC lbs.     767,993  866.(03 

Other  ■sanfactaraa.  naeaaBiatated £111,708  £7^(31 

Tstal  vales  at  eottsa  nwaafartBraa  £8,881,807        £6,611,866       £4,838,187 

*  Blass  Jaanary,  lOn,  the  taclatnUleo  at  tbe  Indlraet  trade  to  Ibaao  coun. 
trloi  kaa  bean  dlaooaHaoad,  aad  the  (oods  are  now  carried  to  the  raapecUvo 
eoeattlea  of  altloata  daatlnatloa. 

The  imports  of  whnat  continue  liberal,  and  the  trade,  in  conse- 

qnsace,  rules  heavy,  at  barely  late  prices  for  secondary  and 

Inferior  qualities.    Choice  qualities  of  produce,  however,   are 

seates,  aad  command  firmer  rates.    We  have  had  much  rain  of 

late,  which  has  greatly  retarded  agricultural  work.    Tbe  sowing 


£70.397 
£65,169 
918.674 
£74,9» 


504 


TflR  CHRONICLE. 


[November  i7,  1875. 


I87S.  1S73. 

8,45C.t)lt  11,M1,220 

l.lOT.Mil  :i.OM,48: 

1,471,217  -J.a.'l.riOO 

165,86'>  Si!i),3?)4 

ti-,,no  5  i!t,3S 

4,a75.7;.i  .^,:i3'i,85l 

l.UK),lilj8  1,162,185 


,018,471 

8»,48t 

11.044 

8,20* 

7,936 

4,83a 

1,880 

018 

4S5 

SU 

46,3116 

4,334 

44,C5'J 

4,310 

of  trinter  wheat  is  now  completed,  and  it  is  believed  lliat  there  is 
no  increase  over  the  diminished  acreage  of  last  year.  This  cir- 
cumstance eecms,  however,  to  have  very  liUle  influence  on  the 
trade. 

The  foUowiajf  ligarea  show  the  imports  and  esports  of  cereal 
produce  into  and  from  the  United  KInjfdom  since  harvest,  viz., 
from  Sept.  1  to  the  close  of  last  we'ik,  compared  with  the  corre- 
sponding periods  in  the  three  previoas  years  : 

IHFOBTS. 

1875.  1874. 

Wheat cwt.  tS.TOO.OjT  a.«4,ii79 

Barley 1,804,084  3,70S,43i 

Oate !,9.il.l6!)  I,6«),5i9 

Poa« 1-'0,010  SCO,40J 

Beans 749874  549,657 

Indian  Com 4,718,867  i:,80»,456 

jnour  1,137,867  1188,902 

ZZPOBTS. 

Wheat cwl.        64,404  81,76} 

Barlej 5,988  4,377 

Oate.. 6J.25.J  58,989 

Peas 2.S6I  4,4,S5 

Boans - 2,049  153 

Indian  Corn 7,E«I  .30,072 

Plonr 3,149  18,869 

According  to  the  official  returns  there  was  a  large  importation 
of  wheat  into  the  United  Kingdom  in  October,  the  total  being 
5,141,080  cwt.,  against  3,758,»34  cwt.  last  year.  The  United 
States  have  contributed  less,  viz.,  1,714,543  cwt.,  against  3,058,717 
cwt.;  but  from  Russia  there  has  been  an  increase  fromCll, 313  cwt. 
in  October  last  year  to  1,000,537  cwt.  this  year;  from  Germany, 
an  increase  from  278,273  cwt.  to  031,063  cwt.;  from  France,  from 
56,100  cwt.  to  169,887  cwt.;  from  Chili,  from  85,301  cwt.  to  111,833 
cwt.;  and  fromBritish  North  America,  from  466,144  cwt.  to  629,436 
cwt.  "  Other  countries"  also  show  a  moderate  increase.  Of  flonif 
the  receipts  have  been  427,539  cwt.,  agaiuat  474,790  cwt.,  chiefly 
from  France  and  the  United  States.  There  was  a  large  arrival 
of  Indian  corn  last  month,  the  total  being  3,233,994  cwt.,  against 
903,494  cwt.;  but  the  receipts  of  barley  have  declined  from 
2,039,204  cwt.  to  933,745  cwt.  Of  oats,  the  imports  were  664,521 
cwt.,  against  609,491  cwt.;  of  peas,  50,080  cwt.,  against  61,103 
cwt.;  and  of  beans,  283,197  cwt.,  against  337,430  c\yt.  last  year. 
The  value  of  our  imports  of  grain  and  flour  in  the  first  two 
months  of  the  present  and  last  two  seasons  is  estimated  as 
follows  : 

VALUE   OP  ORAIN  IMPDUTED    ISTO    THE    UXITED    KISUDOM   I>'   SEPTEMBER  AKD 
OCTOBER. 

1873.  1874.  187S. 

Wheat £3,004,84-2  £4,226,606  £6,493,576 

Barley 65.5,748  1,518.103  664,550 

Oats.  514,016  629,376  749,351 

Peas 71,417  52,147  50,247 

Beans 265,736  239,970  264,385 

Indiancovn        1,511,710  1,018,991  1,572,444 

Flonr 837,601  744,144  760,695 


Total £8,951,U70  £8,424,345  £10,555,848 

It  follows,  therefore,  that  up  to  the  present  time,  we  have  been 
paying  about  1,000,000  sterling  a  month  more  for  cereal  produce 
this  season  than  we  did  in  1874,  the  principal  increase  being  in 
wheat  and  Indian  corn. 

Tlie  quantity  of  wheat  estimated  to  be  afloat  to  the  United 
Kingdom  somewhat  exceeds  1,. 500,000  quarters. 

During  the  week  ending  Nov.  0  the  sales  of  wheat  in  the  150 
principal  markets  of  England  amounted  to  45,931  quarters, 
against  54,095  quarters  last  year — showing  a  decrease  of  9,774 
quarters.  In  the  whole  kingdom  it  is  estimated  that  they  were 
183,700  quarters,  against  218,800  quarters— being  a  decrease  of 
25,100  quarters.  Since  harvest  the  deliveries  have  amounted  in 
the  1.50  principal  markets  to  495,417  quarters,  against  637,345 
quarters,  while  iu  the  whole  kingdom  it  Is  estimated  that  they 
have  been  1,918,800  quarters, against  2,649,000  quarters — showing 
a  diminution  of  567,200  quarters.  The  following  quantities  of 
produce  have  now  been  placed  upon  our  markets  since  harvest : 

1875.  1874.  1873.  1872. 

cwt.  cwt.  cwt.  cwt. 

Imports  of  wheat  Bince  harvest....  13.790,007      9,844,Dr'J      8,»B,644    11,444,220 

Imports  of  flour  since  harvest 1,137,857         988,90J      1,100,668      1.162,185 

Sales  of  Eng.produceBiuceharvoet.  8,917,506    11,473,210    10,973,031    10,145,816 


Total  23,845,370    21,705,791    20.530,343    22,762,821 

Dednct  exports  of  wheat  and  Oour.       67,603        100,031      1,082,530  86,321 


Result 83,777,767    81,605,700    19,467,816    82,665400 

Averaae  price  of  English  wheat  for 

thesoason 47s.  3d.      468.  9d.         628.  Id.       58a.  ad. 

A  stormy  meeting,  extending  over  a  period  of  four  hours,  has 
been  held  this  week  of  the  Emma  Mining  Company,  limited.  The 
old  directors  resigned  their  functions,  and  a  fresh  board  was 
elected ;  but  owing  to  some  informslitiee,  as  well  as  to  the  exist- 
ence of  eevernl  difficulties,  it  was  decided  to  adjourn  till  the  8th 
of  December  when  it  is  expected  that  the  gentlemen  comprising 
the  new  board  will  occupy  their  seats.  At  the  commencement 
of  the  meeting  a  shareholder  asked  whether  there  were  any  per- 
sons present  who  were  not  shareholders  ?  Upon  which  Mr- 
M'Dougall  said  he  understood   that  Mr.  Ridley,  the  confidential 


•'lerk  of  Mr.  Albert  Orant,  was  in  the  room.  Mr.  Ridley  thereupon 
stood  up  and  claimed  a  right  to  be  present  as  the  representative  of 
a  shareholder,  besides  which,  he  said,  he  held  a  transfer  of  shares. 
The  Solicitor,  in  reply,  said  that  Mr.  Ridley  was  cot  on  the 
register,  and  therefore  could  not  be  allowed  to  remain.  Mr. 
Ridley,  nevertheless,  maintained  his  right  until  it  was  suirgested 
that  he  should  be  forcibly  ejected,  and  upon  this  Mr.  Ridley,  after 
taking  the  decision  of  the  chairman  against  him,  retired  under 
protest.  An  amendment  that  the  reports  and  accounts  be  not 
adopted  was  carried  by  47  to  18.  Explanatory  letters  were  received 
from  several  of  the  late  directors  as  well  as  one  from  Grant 
Brothers,  which  Mr.  M'Dougall  said  was  signed  by  Mr.  Albert 
Grant,  slating  that  there  was  no  justification  for  the  statement 
circulated  that  Grant  Brothers  had  anything  to  do  with  the  Emma 
Mining  Company.  In  answer  to  a  shareholder,  the  chairman 
stated  that  the  amount  of  cash  in  the  bank  at  the  present  time 
was  3,4782.  Hs.  lid.,  and  Mr.  Turner,  the  solicitor,  stated  that  he 
had  on  the  previous  day  received  a  cheque  for  the  sum  of  1,500^ 
on  behalf  of  the  company.  This,  Mr,  M'Dougall  demanded,  should 
be  at  once  handed  over,  but  Mr.  Turner  declining  to  do  so  as  he 
had  a  lien  against  it  for  costs  amounting  to  about  40C^,  created  a 
disturbance  which  lasted  some  considerable  time.  When  thig 
uproar  ceased  the  old  directors  tendered  their  resignation,  and 
Mr.  M'Dougall  immediately  placed  himself  in  the  vacated  chairi 
and  explained  the  position  of  the  Company,  stating  that  they  had 
no  mine  and  no  property  whatever  beyond  the  balance  of  2,500^., 
and  ho  wished  to  hare  some  expression  of  opinion  as  to  what 
action  should  be  taken.  This  he  repeated  many  times,  but  with- 
out avail,  as  no  suggestion  whatever  came  from  the  other  side  of 
the  table,  and  he  declined  to  do  anything  or  express  any  opinion 
himself,  he  and  his  colleagues  not  even  feeling  disposed  to  take 
the  duty  of  appointing  a  solicitor  to  succeed  Mr.  Turner.  This 
conduct  on  the  part  of  the  new  board,  a  shareholder  urged,  was 
an  attempt  to  evade  the  responsibilities  which  they  themselves 
had  assumed.  Mr.  M'Dougall  said  that  that  was  just  the  position 
which  he  intended  to  take  up.  He  would  follow  the  direction  of 
the  general  body  of  the  shareholders,  but  would  not  act  upon  his 
own  responsibility.  A  resolution  requesting  Mr.  Burnand  to 
re-occupy  his  seat  at  the  committee,  having  been  carried  unani- 
mously, a  similar  resolution  was  moved  with  regard  to  Mr.  Hut  • 
ton,  when  Mr.  M'Dougall  made  the  discovery  that  the  meeting 
would  be  acting  inconsistently  with  their  former  action  with 
regard  to  accepting  the  resignation — if  they  re-elected  the 
directors— and  the  motion  was  therefore  negatived.  The  meeting, 
which  had  occupied  nearly  four  hours,  was  then  adjourned  to  the 
8th  December,  and  a  vote  of  thanks  to  the  chairman,  with  the 
accompaniment  of  three  cheers,  closed  the  proceedings. 


BuslUta   ITtarlcet  Keports— Per  Cable, 

The  daily  closing  quotations  in  the  markets  of  London  and  Liver, 
pool  for  the  past  week  have  been  reported  by  cable,  as  shown  in 
the  following  summary : 

London  Money  and  Stock  Market. —  The  bullion  in  the  Bank 

of  England  has  decreased  £128,000  during  the  week. 

Sat        Hon.  Taes.      Wed.  Thor.        Frl. 

Consols  for  money 94  15-16  95  95  3-16  95  9-16  95  5-16.  94% 

"      ttcconnt 95  94  15-16  95  3-13  95  9-16  1)5  5-16  94,'J 

0.  S.  6b  (5-80S,)  1865,old.l03^  103>,  103X  103V  I03<ii  103^ 

"         "  1867 .lC8Ji  109  109  lOSjf  lOflJi  109Ji 

a.  8. 10-408 104X  1015i  104Jf  105X  105X  lOSJf 

Maw  58 lOPA  10I)i  lOlX  lO'X  104>,'  104 

Tb 3 quotations  for  United  States  new  fivos  at  Frankfort  were: 

U.S.newflves 99%  99J* 

Liverpool  Gotton  Miirkii.—Sae  special  report  of  cotton. 

Liverpool  Breadstujfs  Market. — 

Sat.  Hon.  Taes.  Wed.  Thnr.  Frl. 

8.  d.  8.    d.  8.    d.  s.   d.  8.  d.  8.  d. 

flour  (Weoiern) <pbbl  24    6  246  846  846  84    6  848 

Wheat  (Red  W'n.8pr).¥ctl    92  98  93  93  98  94 

"      (Red Winter)....    "    10    0  10    0  in    0  10    0  10    0  10    0 

"      (Cal.  White  clob)  "    11    2  11    2  11    3  11    8  11    8  11    8 

Cora  (W.  mixed)  ¥  qnarter  31    9  31    9  31    S  88    3  3J    9  32    9 

Pea8(C&uadian)..«anarter  41    0  41    0  41    0  41    0  41    0  41    0 

Liverpool  Provisions  Market. — 

Sat.  Men.  Tnes.  Wed.  Thnr. 

B.  d.  8.    d.  8.   d.  8.   d.  8.  d. 

Beef(me89)new  Vtco 92    fi  92    6  92    6  92    8  92    B 

Pork  (mc88)  new  Sbbl...      100    0  100    0  100    0  100    0  100    0 

Bacon  ().cl.mid.)uew«  cwt    5!    0  53    0  63    0  58    0  57    9 

Urd  (American)  ...     "         58    0  58    0  68    0  .58    6  58    0 

Oheo8e(Amer'n  fine)    "         56    0  55    0  55    0  65    0  55    0 

Liverpool  Produce  Market. — There  is  no  cloverseed  in  the 
kct  and  the  quotation  ia  purely  nominal. 

Sat.       Mon.      Taes.  Wed.  Thnr. 

8.  d.      8.  d.        8.  d.  8.  d.  8.   d. 

Bosln  (common). ..  ttcwt.,    56        66        56  66  66 

"     (pale) "        16    0       16    0       16    0  18    0  16    0 

Petroleuui(retln6d)....Vga!       10  10  lOX         10i<         lOX 

(spiiits) "  9X       ■  9J<  9>i  9  10V4 

Tallow(Amerlcan)...S  cwt.  46    9       48    9       46    9  46    9  46    9 

Cloverseed  (Am.  red)..    '•     60    0       60    0       60    0  60    0  60    0 

Spirits  turpentine ••     86    0      2S    0       S6    0  86    0  8«    0 


Frl. 
8.  d. 
92  6 
100    0 

57  6 

58  0 
55    0 

mar 

F.l. 
8.  d. 
6  6 
16    0 

lOJf 

10« 

46    6 

,50    0 

88    0 


NoT«mb«r  27,  1^75  ] 


THB  CHttONlCLE 


505 


L0i%d0m  r*0duM  aiMl  OU  Markttt.— 

8«t.        Moa.       Ta««.  Wad.       Thnr.         Ftl. 

<  •   d.  S   t.  d.    S   •.  d.  X  •.  d.   <   ■■  d.  £   s.   d. 

UM'dc-ke(obI).V<xM  >0    0  U  10    0    10  10    0  U  10    0   10  lU    0    10  10    0 

r;rz_jir'.i».ti.i         ti   0      M   a       u  0  si   0       oi   0       »1    o 


8a<u(^o-I*0'ckttd) 

aatpo(,Vcwi 2t    S 

8rMr>oif.  ...•taB.W    0   0 

Wktlaoll "MOO 

UaMadoU....*cwt.      »    « 


»1    0        U    0 

n  i     »  i      tis  at       MS 

90009000J100  9100    5IOO 

MOOMOOS400  8IOOMOO 

I30       1S6         tS9  tSt         13( 


Commercial  m^  iHisccUaneoas  Nfujs. 


IlCrOKfB  AHD  BXPORTO  FOB  TH»  Wmik.— The  ImDoru  this 
iTMk  ihow  a  deorewe  In  dry  goodi  and  an  increase  in  K^nonl  nier- 
ehaadiM.  The  total  import!  amount  to  $4,718,739  thia  week, 
■gainst  $1,13j,.)S3  laat  week,  and  $.3.:n0/'{30  the  prerioM  week. 
•n»  nparta  are  «S,919.617  thia  week,  e((«init  $4.8883M  laM 
week  and  |^,8l'5,a.33  the  prerloua  week.  The  ex  porta  of  cotton 
the  pait  week  were  ly.357  balea.  againat  16.917  balee  laM  week. 
ThetollowiBtfareiheimportaatXew  York  lor  week  endinir  (for 
dry  goodi)  Nor.  13.  and  tor  the  week  ending  (tor  general  mer. 
ehandiae)  Nor.  10: 

roasMB  utruata  li  saw  loaa  tea  tn  wane, 
un. 


im. 
tusa.aM 

wnMtt 
Sjmjm 


ti.niiMt 

MOtOll 


I8T«. 


1873. 

tl.0KI.J«4 

M18.1M 


•«.T»8.ns 


Dry  (ooda 

Oaawal  ■»ch«ad1a«... 

Telal  for  ta«  week.. 
Prerlowlr  rtyorted.... 

HaeeJaa.! Vmjmtjm    tt»k«nLan      1*11.00,0(1   |lH,e».»l 

laoorriport  ot  thadry  gooda  trade  will  be  (oond  the  Importaof 
dr/  gooda  tor  one  week  later. 

The  (ollowiog  I*  aiutement  o(  the  exp«rta(eicIaaiTe  of  apeeir) 
tiomiha  port  of  Mew  York  to  ioreiga  porta, for  the  week  ending 
Ifevember  23 : 


ItB. 

thAUMx 
■1.T10.48 

|IM,»0.1t) 

The  foliowing  will  ihow  the  ezporta  ol  apaele  from  the  port  of 
New  Tork  lor  the  week  ending  Nor.  20,  1879,  and  ainee  the 
begioninir  of  the  7a*r,  with  a  eompartaoa  for  tha  eort— ponding 
I  in  previoua  y< 


im. 

ttn,T7S,MS 

IflH. 

•laea  Jaa.1 

.  vntjim:m 

KS0.1M.143 

Hot.  I»-B(lc  Sm  BM 
2la«.  18-mr.  Sarrta... 


...rMtoOaMle. 
..JUatafg 


..AaMTleaa  (oM., 

_ai>t«t  Ur<...  . 

mtmUn.... 


•U*a(  kalUo*., 
..Bimrtan 


nntcaillTveela, 
IlaT.8»-Slr.Cit7'o<BnMUra..U*<'ve«i MfrnfJm*... ., 

So*.  *»-0tr.  BriUaale UTarpool. 

TatalfWIkewMk.... 


■••■ ••••••eeeeaaaaai 


TMal  rtaea  Jaaaar;  1.  !<■.,..„ 
JNMll«ai>- 

fi-jJtSJ'  ''^ 

■  ae«*«aaa  ••••••  •    ^^W^fcwPI   I 


I    SaaMllaal*- 
$«TJIt«l8|tM.. 


:  SrSa 


UfNL 


Tba  ImpirU  •(  sp«de  at  this  port   during  the  pact  weak  hare 
aa  followa . 


IT*'.  U— nir.garrta.. 

Nut.  i»— 8>r.  Oitoa 
Wot.  »•  — I      " 


CoiHAOB  AT  U.  S.  MiJtTS— The  report  of  Dr.  Linderman, 
Director  of  the  Miot,  sUowa  the  amount  of  gold  and  silver 
deposits  and  purchases,  coins  struck,  and  bars  maaufactured  for 
the  year  ending  Jane  30  was  aa  follows : 

OolddepMlU $«15J,58»»0 

Silver  deposits  and  purcti««e«  1?,*M,-M)«  Or 

ToLtlimoant  rccrlved  and  operated  upon 181,454,930  $7 

Dednctinji  re  deposits,  bars  made,  and  issued  by  ono  inititution 
and  deposited  at  another,  the  deposits  were : 

Gold M. $38,55«,»S90 

surer  .....;:" l«,0TO,«a6  54 

Total  |A4.C28.>1«)  « 

rolcamXboM.  1,739.(X«  pieces,  value. |33.^53,905  00 

Coln«K^l8tt«T,i*,««.tf«pl«e«,Talno 10.070.808  00 

Coln»|e—10aoc.  U,«»,5<U  piece*,  value M0.8i5  CO 

CoIns<e— Total.  ».l91,TI8p>ece^valae $W,86I,T0S  00 

The  total  gold  and  silver  bullion  deposited  and  purchase!,  in- 
cluding ra^epoaits,  waa  aa  follows : 

Mint  at  Philadelphia. •'•'Sl-^?  IS 

Al8wirMa(teco *iJS'2iS 

At   Carwa  Clt7 '•S'??!  S 

AtDwmr. ' «8l,tl»49 

Aaia*  (Mka    Now  York "■*™'*JIl! 

AHa7  0Ss,B*lM!C>ir.  Idaho Terrltorr *-J-2T?;J? 

AaaarOSa  Okarlotte.  N.C MM  OS 

The  coinage  at  the  diSeteot  ralnta  waa  aa  follows : 
At  PhUadalphia— Uold  coinage.  278,358  pieces;  value,  $5,102,- 
870;aUTer.  trade  dolUrs,  470,800  pieces;  value,  $470,*JO;  sub- 
sidiarr  eoio,  11,010.400  pieces;  ralue,  $3,188,710;  minor  coin, 
U.Ot/m  pieces  ;  value,  $380,979  ;  toUl,  88,894,096  pieces  ;  value, 
$9;IH&'ffia. 

At  San  Francisco— Uoldooinage,  l,330/)00  piecea;  value,  $38,- 
800,000;  silver,  trade  dollars,  S^TO.OOO  piecea  ;  value,  $.1,379,000; 
silver,  subeldiary  cuius,  4,893.000  piecea :  value,  $048,000;  total, 
e.WVtiWO  pieces  ;  ralue,  $80,I»T,000. 

At  Cbrsnn— Void  coinage.  190;B04  pt«MS ;  value.  $2,191,01)9 ; 
silver,  trade  dollam.  1341,700  pieeea  ;  value,  $1,841,700;  sub- 
sidiary coin,  l;.>;!0.aiO  pieces:  value,  $296,158;  toUl,  3,192,820 
piece* ;  value.  $4.2<id,0S3. 
Total  eolnaga,  8,101.778  piece* ;  value,  $43334.708. 
—Mean*.  Dan  Talmage's  Sobs,  In  their  Rice  circular.  o(  the  381 
ImL,  itata:  **  Tbe  receipts  of  Carolina  only  keep  pac«  with  the  de- 
mand, aad  price*  are  well  sustained.  From  our  Oliarleston  house, 
we  IsAra  that  the  demand  from  that  point  since  the  crop  opening, 
haa  been  unuruaily  large  ;  the  ag(rregate  of  aUpments  to  the  West 
belag  Dsarlr  four  time*  that  of  last  vear,  i.  «., 

1874,  Bsptamber  Ist  to  date,   086  Uarea*. 
1873,         ••  "  "      2679      " 

This  oomparaiively  exceaalve  demand  arises  from  the  fact  that 
pri«*«.  In  view  of  the  large  production  of  the  United  States,  fell 
almoai  ima*edUtely  o«  the  opening  of  the  crop,  and  while  the 
maikat  haa  w  aelad  from  th*  toweat  point,  rate*  ate  reasonably 
ehaap." 

A  mwiorial  la  'ueiag  circulated  In  Califoroia  («t  preeentation 

to  CoBgivM,  aollcitloK  the  admlasioa  ot  "  China  rice"  free  of  duty. 
It  la  iBported  Into  this  country  only  on  thi-  Pacifl.;  coast  and  con- 
■asi*4  by  th*  Chlnsa*  in  that  vlcinily,  and  would  not,  therefore, 
lalnfaiii  so  wmA  With  tb*  domeetlc  product. 

— Mesars.  Cbarle*  H.  Clayton  Si  Co.,  No.  157  Pearl  street,  have 
p«kUah*d,  la  coavenlent  form,  table*  of  French  Exchange,  giving 
tka  aqalvalent  of  $100  curraacy.  In  francs.  Bankers'  rates  from  5 
fMaes  to  5  franra  53  oentime*,  and  the  preminm  on  gold  to  24  per 
«aal,  are  given  to  detail.  Theaa  tablea  have  been  prepared  with 
oare  and  must  beoom*  a  valuable  anxiliary  to  the  broker's  library. 
The  calcnlations  ware  made  by  Beoj.  B.  French. 

— S^t'-ekholdar*  ot  the  Toledo  Wabash  ii  Western  Railroad 
Company,  who  winh  to  aid  the  Protection  Committee  in  preventing 
a  aaerifleeof  their  stock,  will  be  Intereated  In  a  notice  In  our 
aA««f«iaiBg  eolomaa. 


IllllilO  iSD  flillKCUL. 


^■XXNi^t^^^i^^l^i'^^^i^^ 


■AILBOAO  BORM.— Whslbar  roa  wish  to  BUT  orBEtf^  writ*  to_ 


^        ■  * 


BLBt  *  CO.,  Mo.  1  Wn'l  atnet.  9.  T. 


ADTAMcn  MAOB.  ealy  0"  Coltoa  la  Bion  aa«  Apgra««4JMM^  BxehuK* 


vgm ii.««,«8 


St.  Jaaapt  *  IVaver  City.— The  Pnrchaaiag  Cooimlitee  giv* 
aatiaa  tkM  llral  aortgage  holder*  who  deatta  to  anlte  with  them 
■ay  4»  *»  wltMa  tl>«  b*x1  alxty  daya  by  aigaing  tlia  reorganixa 
Mea  agi*w>s«ta  aad  paylag  their  share  of  tna  a**a*aary  expense*. 
F«f«b*r  lalsfaHiia  Har  b*  had  ot  Thoaaa  R.  WbHa,  Jr.,  Seeia- 
taf7  of  tka  OsaniitM*,  n  Wall  atraet,  roam  84. 

Tolada  Peoria  k  Wanawr— A  laaaUag  of  the  first  mortgaga 
boodholdera  ot  the  Eastern  and  Waatam  ffivlstons  of  the  Toledo 
Peoria  k  Waratw  waa  held  this  week.    Tha  plan  of  re- 

nrgaalxatloa  r^r-  iltted  was,  after  diaenaaioa,  rejected, 

and  a  reaolatioa  was  a'lopied  to  proceed  immediately  with  a  fore. 
elo*ar*  of  the  first  mortgages  of  both  dlvislnns,  for  tlie  beneSt 
only  of  tha  first  mortgage  bondholders.  Measn.  Isaac  Sherman, 
R.  C.  Martin  and  Charles  Moran,  were  appointed  a  oommitteo  to 
draft  a  plaa  la  accordance  with  thia  reaofntion,  and  Messrs.  R.  C. 
Martta,  Baory  De  Cbppett  and  John  R.  Bamea  were  appointed 
aaolkar  «oauaitt«e  to  carry  the  reaolntion  Into  *<I«ct. 


CsUatsnliu 


a.iiL*a.rtrMif 


M  ortcaca  T  per  emt 
Laadlknp,  fee  sale 


klebr 
aUAM 


TEKAS  BTATK  BOHDS.  „  ,^  „      . 
Bowtoa  aad  Texaa  Ceatral  RR.  First  Vortcage  7  per  cent  Oold  Bonds,        • 
—              -        emt  Oold  Booda, 

BHADT,  18  WtDlam  sL,  N.  Y. 

STOCKS 
Dealt  la  at  the  Hew  York  Stock  Xxofeaafebonstat  and  sold  br  us  on  margla  of 
ire  percent  PRmLKOKB 

Wsastlatid  at  one  to  two  per  cent  from  BiariMt  on  membsrs  of  the  New  York 
IxSiaace  or  teapoaalhle  partlc*.  Large  rams  hare  been  tcallacd  the  past  S 
dan.   Put  at  call  coeu  oo  100  ahana 

flO»  85 
Bliadlll  I  tSEO  Mcli,  control  MO  •hares  of  stock  for  80  dajt  withnnt  fnrther 
itak,  wblle  aumv  ihnnnnd  dollars  proSt  mir  be  gained.    Advice  and  Inronua- 
UOB  famiahed.    Pamphlet,  conlalnlng  valuable  ftatlatlcal  Infonnatlon  and 
•hewtng  bow  Wall  atreet  operatioas  are  ooadoetcd  tent 


To  anr  addfssa.    Orders  solWted  by  bbU  or  wire  and  promptly  exeentsd  by 
■a  AddraaL  

—■'"""■"'-""  *  CO.,  Bsnkan  and  Brokerr, 

Ko.8WaUstn*t  U.Y. 


606 


THE  CHRONICLE. 


[November  27,  1875. 


i^lie    Cankers'    ®a^ittc. 


No  National  Banks  organized  daring  the  past  week. 

DIVIOENDti. 

The  foUowlne  Dividends  bare  receaUr  been  snnoanced : 


COMPAHT. 


Pbb 

ClMT. 


Railroads. 

Spring  Monntain  Coal I 


Whzk 
P'ablb. 


Books  Ci.obbi>, 
(Dayi  IcclaglTe.) 


Dec.  lOIDec.  1  to  Dec.  10 


FHIDAY,  NOVBITIBER  36,  1875-6  P.  M. 

The  raoaey  market  and  Financial  Sltuatlvn. — The  gen- 
eral observance  of  Thanksgiving  day,  and  the  occurrence  of  con- 
siderable stormy  weather  (luring  the  past  week,  have  con- 
tributed to  make  a  small  volume  of  business.  It  is  also  to  be 
noticed  that  there  are  just  now  several  elements  of  uncertainty 
hanging  over  the  financial  markets,  which  tend  to  delay  trans- 
actions until  results  shall  be  known.  Prominent  among  these 
we  may  mention  the  approaching  session  of  Congress,  which 
commences  early  next  month,  when  the  President's  message  and 
report  of  the  Secretary  of  the  Treasury  will  be  made  public,  con. 
taining  probably  some  definite  recommendations  as  to  the  future 
financial  policy  of  the  government  and  the  further  funding  of 
U nited  States  bonds.  Then  as  to  speculative  stocks,  there  are 
the  important  railroad  suits  pending  in  the  United  States  Supreme 
Court,  upon  which  decisions  may  be  rendered  at  any  time  within 
the  next  forty  days,  which  will  materially  aSect  the  stocks  of 
those  companies  interested.  A  further  point  of  interest  at  the 
present  moment  is  in  regard  to  the  possibility  of  January  divi- 
dends on  several  leading  stocks  such  as  Lake  Shore,  Michigan 
Central,  and  Cleveland  Columbus  Cincinnati  &  Indianapolis.  The 
natural  influence  of  all  these  uncertain  elements  is  to  make 
operators  cautious,  and  to  check  decided  movements  in  the  market 
either  in  one  direction  or  another. 

The  money  mar"ket  has  been  abundantly  supplied  with  funds 
on  call,  which  loaned  at  easy  rates.  The  range  was  about  3@5 
per  cent.,  while  the  greater  part  of  business  was  done  at  3@4  per 
cent.  There  is  little  change  in  commercial  paper,  of  which  the 
strictly  prime  grades  find  a  ready  sale  at  5^7  per  cent.,  while 
other  paper  is  quoted  all  the  way  up  to  12  per  cent.,  according  to 
its  quality. 

The  Bank  of  England  weekly  report  on  Thursday  showed  a 
loss  of  £138^000  in  bullion,  the  minimum  discount  rate  remaining 
unchanged  at  3  per  cent. 

The  last  weekly  statement  of  the  New  York  City  Clearing 
House  Banks,  issued  Nov.  30,  showed  an  increase  of  $939,375,  in 
the  excess  above  their  35  per  cent,  legal  reserve,  the  whole  of 
such  excess  being  $9,066,350,  against  $8,737,975  the  previous 
week. 

The  following  table  shows  the  changes  from  the  previous  week 
and  a  comparison  with  1874  and  1873: 


-1876.- 


1874. 
Nov.  21. 


1873. 
Nev.  85. 


Nov.  13.       Nov.  30.       DlfferenceB.        

Loans  anadls.  $213,901,600  t27S.697.400  Dec.  $1,204,400  $283,319,500  $248,Ofl7,: 

Specie 14,109,400      15.712,000  Inc.     1.802.600      17,380,900      17,588,700 

Oirctilation....  18.145.100  18,449,400  Inc.  304,300  24,968,000  27,299,800 
Net  deposits..  218,507,300  216,131,800  Dec.  2,375,500  227,351,700  167,967,200 
Lefal tenders.      48,954.500      47.987,300  Dec        967,200      57,504,400      30,899,800 

ITnlted  States  Bonds. — Government  securities  have  been 
only  moderately  active  and  prices  have  been  well  maintained. 
The  business  this  week  seems  to  have  been  almost  entirely  for 
investment  and  little  on  speculative  account.  As  to  the  future 
measures  which  will  be  adopted  for  funding  the  balance  of  the 
five-twenty  bonds,  it  has  been  stated  in  Washington  dispatches 
that  Secretary  Bristow  will  probably  advise  the  authorization  of 
a  further  moderate  amount  of  five  per  cent,  bonds.  As  one  sug- 
gestion from  parties  well  imformed  on  government  finances,  we 
hfive  heard  the  opinion  here  that  the  Government  should  offer  a 
4  per  cent,  absolute  50  year  gold  bond,  and  that  such  a  security 
would  soon  command  par  in  gold.  The  only  present  standard  of 
the  credit  of  the  United  States  on  a  long  bond  is  in  the  price  of 
the  currency  six  per  cents  which  run  till  1899  and  are  selling  to- 
day at  135  ;  add  12  per  cent.,  say,  for  the  price  of  gold,  and 
we  have  a  six  per  cent.  U.  S.  gold  bond  selling  at  137,  or  ex- 
interest  about  134i. 

Closing  prices  of  securities  in  London.have  been  as  follows: 


U.S.6s,5-30's,lg<6,  old., 

D.S.68,5-»0'B,1867 

D.8.6s,10-«'B  

WewSs 


Not. 
13. 


lOSJi 
1083i 
104X 
103X 


Nov. 
19. 


!08X 

104  3i 
103% 


Nov. 
26. 


103X 
109  Ji 
1053< 
104 


-Since  Jan.  1,  1875.  — 
Lowest.  Highest. 


103 J^  Nov.  8 
106>i  JuDe  18 
102X  Feb.  13 
102     Apr.  13 


108>i  Ap?.  9 
109^  May  6 
107  Aug.  1» 
105}<  Aug.  J8 


Closing  prices  d&ily  bave  be^o  as  follower; 


«B,1881 reg 

6b.  1881 conp. 

68,  5-20'8,  called  b... reg 
6s,  5-20'8,  called  b.conp. 

68,  6-20'8, 1865 reg 

Bs,  S-20'8, 1865 conp. 

68,  6-20'B,  1865,  n.  1.,  reg. 
68,5-20's,1865n.i.,conp. 

«s,  5-20' 8,1 867 reg. 

68, 5-20'8, 1867....  coup., 

6b,5-20'8,  1868 rep. 

68,5-20'8, 1868 coup 

58,10  40'8 reg. 

5b,10-40'> coop. 

58,  funded,  1881 reg. 

58, funded,  1881,  ..coup, 
(is  Carrcncv reg.. 


Int.  period. 
.Jan.  &  Jnly. 
,  Jan.  A  July. 

.May  A  Nov. 
.May  &  Nov, 

.May  A,  Nov. 
.May  &  Nov. 
.Jan.  &  July. 
.Jan.  A;  Jnly. 
.Jan.  &  July. 

Jan.  &  July. 

Jan.  &  July. 
.Jan.  &  July, 
.Mar.  &8epi. 
.Mar.  &  Sept. 

..Quarterly. 

...Quarterly, 

Jan.  &  July. 


Nov. 

Nov. 

Nov.    Nov. 

Nov. 

Not. 

20. 

22, 

23.         24. 

25. 

26. 

•122 

122K 

122%  *liii( 

1S2V4 

123>i 

••.23 

•123)i  •123% 

133% 

•n4jf 

•114X 

*IU)4      .  .. 

•114% 

•I14K 

•i:4H 

•114%  •114« 

s? 

•114% 

116 

•115)4 

•115)4  'IISX 

-o 

•116 

116 

•116 

ma    116% 

116% 

•119X 

•120)i 

•120%  •120)i 

a 

•120% 

120), 

•120),- 

•lJO)i    120% 

•120% 

•121  Ji 

121% 

U2X-»122)^ 

a 

122% 

122?i 

•ia2)i 

122%    122% 

> 

•122% 

•121% 

121% 

•122%  •122i< 

M 

•122% 

•122 )i 

•122% 

122%  •122% 

J4 

•123% 

11BJ< 

•116»,' 

•116%  *116% 

•116% 

•in?i 

•117jtf 

•117%  »117)i 

£1 

•117% 

•iieji 

II6)i 

116%    118% 

116% 

•116% 

117« 

117%    116% 

•116% 

125 

•185 

12i%    125% 

125% 

•  This  is  the  price  bid  :  no  salt  was  made  at  the  Board. 

The  range  in  prices  since   January  1,  and   the  amount  of  each 

class  of  bonds  outstanding  November  1,  1875,  were  as  follows:. 

, — Range  since  Jan.  1. — .   . — -AmountNov.  1.— - 
Lowest.  Highest.     Registered.     Coupon. 

6b,1881 reg. .118     Jan.    6  122%  M"  "■•■'•■^"  ~"  — 

6b,I881 conp. .118%  Jan.     8 

«s,5-20'8,  )S64 coup. .114%  Nov.  12 

68,  5-20'B,  18'» coup..  115%  Nov.  11 

68, 6-20'8, 1865,  new,coup..ll7)i  Jan.     8 


68,  5-20'B,  1867 coup. .118%  Jan.  9 

68, 5-20's,  1868 conp. .118     Jan.  9 

58, 10-40'8 reg. .  118X  Mch.  6 

88,10-40'8 conp. .113%  Mch.  4 

5b,  funded,  1881. .. .conp. .113X  Jan.  2 

«s, Currency reg. .117%  Jan.  4 


122%"May  26  $193,372,850 

126%  June  17  

121      Apr.  27  84,037,000 

122%  June  18  •33.849,9,50 

124%  June  17  59.086.400 

125%  June  25  88,966,2C0 

125)i  June  18  14,584,000 

118%  June  18  141,627,250 

1 19%  Aug.  2-i  

119     June  28  211,974.400 

125%  Nov.  33  64,623,512 


t. 

89.363,500 

32,280,000 

118,6<4,4tO 

143,570,700 

221,0.54.650 

22,890,(iC€ 


58,939,060 
250,482,050 


State  and  Railroad  Bonds.  —  The  principal  sales  at  the 
Board  have  been  in  new  Tennessees,  which  passed  to-day  at  45. 
Georgia  new  7s  sold  at  lOSJ.  Virginia  bonds  are  firm  at  71  bid 
for  the  consols  with  coupons  on.  Louisiana  consols  have 
advanced  about  3  per  cent  in  the  week,  and  meet  with  a  good 
Inquiry  in  New  Orleans,  where  57  is  bid  for  them.  South  Caro- 
lina consols  are  strong,  and  it  seems  to  be  expected  that  the  Jan- 
uary interest  will  be  paid,  though  as  to  back  interest  provision 
may  have  to  be  made  for  its  payment  by  the  Legislature.  We 
have  received  the  following  summary  from  the  forthcoming 
report  of  the  Comptroller  General  : 

State  debt  Oct.  31,  1874 $9,540,750 

Leas  consols  at  that  date 993,584 

Totol  then  to  be  funded $8,547,166 

Amount  funded  into  consols  to  Nov.  20,  1875  5,313,261 


Balance  yet  to  be  funded $3,233,904 

Railroad  bonds  have  been  strong  on  a  pretty  fair  business. 
The  principal  movement  was  in  Hannibal  &  St.  Joseph  8'b  con- 
vertible, in  which  the  dealings  were  large,  and  the  price  advanced 
to  84|,  reacting  afterwards  and  being  quoted  to  day  at  83J.  Cen- 
tral Pacific  bonds  have  been  strong  and  more  active.  Consol 
gold  7's  of  the  Chic.  &  Northwestern  railroad  have  sold  ot  89^. 
Col.  Chic.  &  I.  C.  firsts  at  51,  notice  having  been  published  that 
the  coupons  of  several  of  the  old  sectional  mortgages  will  be 
purchased  at  par. 

Daily    closing  prices   of  a  few  leading  bonds,  and  the  range- 
since  January  1,  have  been  as  follows: 


SsTenn.,  news... 

««N.Car.,old.... 

tsN.  Car.,new... 

SB  Vlrg.,  couBoUd 
do        2d  series. 

taS.C  J.&J... 

68  Mo.  long  bonds 

N.T.C.&H.  Iat7« 

C.Pac.,gold6a... 

On  Pac.Ut  6b... 
do  L'dGr't7B 
do       S.  F.8B.. 

SrlelBt  M.7s 

N.  J.Ccn.lBt  7b.. 

?t  Wayne  Ut7B. 

R0Ci£rBld  l8t78... 
C.  &  N.W.  gold  78 


Nov. 

20. 

•45 

•16 
"8 

•71H 

•44 

■81 
•102% 

120 

1C6V 

101V 
SSI* 
83% 

10) 

112% 

*;i5 

•109X 


Nov. 
23. 
45% 


•n% 

•M 
•SI 

ioa% 

106^ 
lOSX 

sev 

•88% 

ma 

•112 
•115 
110% 
88% 


Nov.  Nov.  Kov, 


23. 

45% 
•16% 

•8 
•71 
■44 
•31 
•10.!% 
•120 
106% 
10S% 

ee% 

SSH 

nosH 

113H 
■115 

no 

89 


21. 

•45% 

'16% 

•8 

•71% 
•44 
•31 
'iOifi 
122 
10>X 
10S% 

99 

88  M 
•103% 
•112S 
•r.5 
110% 

89% 


25. 


Nov. 
26. 

45 
•16 

■ 

•if 
•si" 

•120 
106% 
103% 
98X 
88% 
•103% 
•HI 
•115 
•110 
S9% 


, Since  Jan.  1- 


Lowest 
44  Jan.  27 
17  Nov.  13 
11  June  U 
55%  Jan.  26 
S6  Mch.  2i 
29%  Sept.  28 
94%  Jan.  14 
111%  Jan.  18 
92%  Jan.  6 
90  Jan.  6 
90  Jan.  E 
80%  Jan.  5 
lOJ  May  29 
ima  Feb.  1 
106%  Jan.  7 
105  Jan.  5 
79    June  15 


Highest. 
55%  Jan.  5 
29  Jan.  18 
16  Jan.  7 
69%  Oct.  28- 
So  Oct.  3- 
So  J-n.  27 
l03%  Jane2; 
l'2-2  Sepf.lO 
107%  S-pt-SC' 
106Jt  June  SO 
102X  Sept.  SC 
9;%  Aug.  25 
107%  May    9 

115  Apr.    6 

116  Nov.   8 
111%  June   5 

89)«  Nov.  2» 


•This iBthenrlce bid. no<aI< was  madeaiihe  Board. 

Railroad  and  niscellaneons  Stocks. — With  the  occurrence 
of  the  Thanksgiving  holiday,  business  has  been  compara- 
tively moderate,  though  prices,  as  a  rule,  are  strong  and 
close  at  some  advance  on  the  figures  of  last  week. 
We  refer,  in  our  remarks  above  upon  the  financial 
situation,  to  some  pending  questions,  which  have  an. 
important  bearing  on  the  values  of  several  leading  stocks,  andi 
the  decision  of  which  is  awaited  eagerly  by  parties  who  are  in- 
terested. In  addition  to  the  matters  already  mentioned  there  has 
been  the  contest  between  Panama  and  Pacific  Mail,  and  all  these 
unsettled  questions  have  a  tendency  to  ketp  down  the  volume  of 
present  operations,  as  the  stocks  of  the  respective  companies 
affected  may  fluctuate  materially  when  the  results  of  the  pending 
questions  are  known.  Early  in  the  week  there  was  considerable 
strength  and  activity  in  Hannibal  &  St.  Joseph,  which  has  been 
favorably  influenced  by  a  change  in  t.he  board  of  directors. 
Michigan  Central,  Canada  Southern,  and  Milwaukee  &  St.  Paul 
show  a  considerable  increase  in  their  late  reports  of  earnings, 
and  the  two  former  have  some  interest  as  being;  ^inong  the  eas4 
and  west  through  lines.  Kansas  Pacific  came  into  notice  for  bi 
short  time  on  Monday  and  jumped  up  from  10  to  14,  selling  back 
to  13J  at  the  close.     To-day  the  market  was  generally  strqjig. 

Total  traftsaotionB  of  the  we«k  in  leading  stocks  ije;e  as  fol- 
low* ! 


November  27,  1875.] 


THE   CHRONICLE. 


507 


Sot.  as 


lUU. 

as.... 

...    USD 

n 

...  xm 

« 

..    *.m 

M.... 

.  .  11*00 

«s  .. 

«.... 

...  <,uo 

raeUe      UUa    Wwt'a  CUe.  *           Ohio  *  PuUe  Dnlon 

Bkon.  nnloB.  ITwmi.  Krie.    Mlu.  o(  Slo.     Pao. 

UkttO     >*.«00      J.900    JMOO     *,W0  1,M0      S.ifOO 

T.«0      11,700     4.9(»      7,100     i,aCO  1,700      i,!00 

i.Too     *M>    i.aoo    5,500      '«>!«;      ^ 

a«J0        3,900      S.700      *,aOO      1,800  MO      1.800 


SttudkT,  Xoi;  *0 
Moadar,       ;;    23. 

TfcMli»«l»lM  JIolid»r I  Wedneidaj. "    J»  ...114J<  IMH  INK  1U3<      43,880,000     1.400,100     1,7«,18S 

lOMO     t.100     S.4iO     ft.90a  SOO      1,800    Ttaaradaj,     "    K TbanklelTiog  Holldajr 

I  Md«y.  ••    «8  ...114X  114X  IMX  U43<      «.1!«,000     I,4«^,i00     1,980,531 


, (fnoUtloM         . 

Oven-  Low-  Hich.  Clo*- 

Inc.     nt    eit.     lag. 
...UiS  lUS  lUX  IH,^ 
...114K  114^  114K  114^ 
...114K  114K  114k  114;< 

1145 


ToUl     . B»tance».-^— » 

Clnrlngs.       Oold.    Currency. 

t44,4S6.000  tMW.lOl  $1,939,614 

18,897,000        T«l,434        875,954 

«1,51«,000        it8,4:tl        OSl.OOT 


TMai atbaa*    aisoo    43,ioo  is,too  n,8oo  18.000     4.aao    9,900 

WkohMoek.  .  JOamO   4tlMS    Sn,8S«  149,910  78O,C00  900.000     C7.8*<  SR;,4S0 
A  oompariaoD  with  the  laat  line  in  the  preceding  Ubla  aliowM 
»l  a  glance  what  proportion  of  the  whole  stock  baa  been  tnraed 
•Ter  in  the  week. 

The  dailj  highest  and  lowest  prices  hare  been  as  follows: 

Tmaday.  Wadaasdaf .  Tbsraday.  rrldar, 
KoT.  XL  Sot.  14.  Sor.U.  !?•»•*• 
IM     IM      N(     MtK  mxUKN 

isi    in    

MM  (IM 


MoodaT. 

NoT.W.      KoT.  tt. 
■.y.Cn.*H.B.  =■    IWM   IM    uax 

■arlia la    US    •Wk  :» 

trta UH   I'M     uS   14 

Mchlaaa  Cast.    aH  tf\     

Wabaak »       « 

■erihwaal.....    mn  MV 

«•      yraf.  MM  ■>« 

Kaaklalaad...  mn  MMX 

at-Pial Bk  V« 

do      rr«l....    »X  <SX 

auAPac^nt 

Pa«tSc.<f  Mo..  U  IM 
OhloaMlaa...  11  US4 
CaatraJo:  X.J.*ir4X  ICSM 
0*1.,  L. a  Wast  l»  II* 
Haa.asi.Joa.  «K  UH 
do  9re(.  tttt  »< 
-  -tae..    OM   71 

tat    ui 
tsw  MM 
■ui!  u 

IS       IS 

•an  UK 

4»       4SX 

MIt  OH 
N  »IH 
•MM  •< 


•HI 

**% 

( 

( 

■V 

»% 

mr 

MH 

IMV 

101 

>H 

•»« 

MH 

u\ 

WN 

wu 

UH 

»SU«H 

II  >K  iifK 

>u 

*•)< 

Jl 

»>< 

W)i 

■■»H 

•K 

*% 

nt 

ISI 

3K 

W4 

IK 

IS 

17  )t 

I'M 

•a* 

»M 

« 

4VN 

tot 

ISI 

«> 

•M 

M 

ii 

•«»t 

*>M 

N(     MtM 

•IMX      ... 

1  K    l*K 


MM  IH( 
9S  9iM 
UE     IBM 

m3  MX 
iix  iaii 


UK 

iCSM 


MM   M)I 


l»X 


ax 
ax  aii 

IX     4X 
7»X    »? 

u5  UK 
•nx  M 

v-  ss 

m   j«^ 

*9D      95 


U 

IMX  1M<1 
lllH  ll*X 

ax  ox 

«x  «>x 
7»x  Tn 

•4«,      «( 

»     IM 

•..'  I* 


(faloar 
gal.<g*eu 

a>.  *  Pae.  Tal. 
Qska^lTar.... 
do  oral. 
raaiasMdL... 
AdaasMx*  ... 
AaMfteaaKs.. 
UaMadMalaa.. 
WaUc.Farae.. 

•TklalaiaaafleabMaadaaCais  so  Mia  was  aada  at  Ua  Board 

The  entire  range  from  Jan.  1,  1874.  to  this  date,  wi 

Jaa.  t,iam.te 

a.T.Caa.*Ua4. 

Barlasi 

■rla 

UkaSkon 

MIcMisdObbmI.. 


R5j 

•n 

4S 
MNl 

5S 


I  asfollow.i: 
— Whola  yaar  1874. , 

.100    May  9b{|0t1(Mv    M  »»  M'T  1*  lOftX  Mcta.  11 
■  UTMJaa.  MilW     A)       " ~"     ■ 


„  ji'w     Apr. 

MM  Jaaaail  mxUch. 


4«        araf 

BocklaUad 

Surasl 

do       praf 

atlaatlc  A  Padle  sral. 
PadSeof  MaaoaiC  .. 
OfcloAmaalaslppl.... 
Qntral  of  .Xaw  Jaraay .  (OX  Oct. 
M.,  Lack.  *  Waatara.lOSM  J*n 


Carrentwaek !I4S  1I4X  114X  !1<M    158,167.000      t t 

f  rerlont  waak 114X114X115      lUM  tJ04,8<i6.000    1,650,311      1.697,1U 

Jaii.l.l87S.todata...lltX  lllX  117X  114M        

Porelcn  Kxchance. — The  rates  of  leading  drawers  close  the 
same  for  sterling  this  week  as  last,  the  only  changes  in  the  mean 
time  having  been  a  redaction  of  I  point  on  Monday,  and  an  ad- 
Tanen  of  similar  amoant  the  next  day,  at  which  they  have  since 
lieMi  maintained.  There  are  no  disturbing  influences  at  present  in 
the  market,  and  rates  are  left  to  adjust  themselves  according  to 
the  cnrreat  demand  and  supply.  Cotton  continues  to  come  in 
pretty  freely,  and  the  total  exports  this  week  from  all  ports  were 
136,428  bales.     Vjuotations  are  as  follows  : 

XOT.  »«. — 


Prima  baakars'ttarUac. 

Oood  baakara'  and  prliie  ooai'l. 

Qoediiiiswimrlil  

Pill  iiiiiMlMj  eommercial. 


so  days. 
4.833i»4.S4X 
4.8S    St.t* 
4.81    S4.8* 
4.80    ^  81 


Parla(fraaea) 5.aox>U.17X 


Antwerp  (franca). 

SwiM  (franc*)..  

AnMtardaaCfallders). . . 
Haoibarg  (Muhoiark*). . 
rraaktort0alchmarka) . 
Breaaa  (lelebBarka) . . . . 
Berlin  (ratchaurka).. 


16« 
16« 


3  days. 
4.87Ma4.in 
4.87    84.87V 
4.84JiS4.85X 
4.8>ixa4.84j< 
5.16Jift5.14X 

5.16x1 
40XO 


Mxa 

MxS 

9esa 


.13X 
.13X 
40M 
Wi 
96X 

»«x 


I'he  traasaetlona  lor  the  weak  al  IbsUasiutn  House  and  8uu 
rreasarr  hare  been  as  follows: 

Oaatom    .- Sab-Tisaaiiry.- 


Kor.  ID, 


Ilonaa 

RacalpU. 

.  |!39.000 

ai 40.000 

at 49«,ooo 

14 307,000 


Receipts. 


Oold. 

>454,n6  31 

515,911  9< 

810.490  33 

410,653  5« 


CiUTeney. 
(710  HI  91 
831,0»4  19 
449,499  79 
404.110  05 


Oold. 

tS»).49g  94 
588,759  04 
4S3,5tS  08 
S05.S«36 


Paymeota.- 


ThaaktglTlas  Holiday 
.Treaaary  eloaad— (anaral  of  Vlca-PreaUent  Wllwb. 


Cnrrenrr. 

$716,100  00 

1,1S\911  41 

4&),830  U 

714.645  43 


BaaalbalASt-Jo.. 

Oaloa  PaeUc  

OoL.Cklc*  I.O 

naaaa 

Waatara  Calea  Tat . . . . 
AlUalle  A  Paciae  Tal.. 

QatckaOver    

do        pref 

ParltcMall 

AdaaaBzpraaa 

A»Mtfaalnitaa« 

Oallad  aiaiaa  Izpraaa 
Writa.  Varr>  A  C». . . . . 


nnaxJaa.  7(i>4xr<b.  u 

99  96  Dae.  M  tlM  Jan.  15 
tlM  Sept.  it;  (ON  Jan.  9,  tt%  Jua*  19  S4K  Jaa.  16 
It  Brp*.  *7I  KH  •'*D  5l  SOX  Aa(.  I  »M  Jan. 
4N  Jaaaatl  tlX  Jan.  *  I8H  Dec  9»  9SM  ^*n.  16 
aS^Oct  M4$KJan.  4  a4X  Jaly  15  69 tf  Jaa.  9 
4S     Oct.     WatXJaa.    9,  tl     SapCMi  7«X  rab.    9 

UaxMay  at  U»M  Aac.  19  MM  Jaaa»iUI»H  Feb.  9 
aSK  Jsaa  19  4tM  Apr.  9  UK  M«T  »!  *»X  Jaa.  10 
U     Mob.   1   aiM  XOT.  mm     May    tl  14x  Feb.    » 

.4     Gal.  9M  la    Apr.  M  MX  S«P4-  *   **     '•<>■  1* 

Tx  Oct.  at  1$   Apr.  ad  aafi  Jsa.      ««    not. 

MM  S>pt  ta>  atx  Jaa.    9^  t'X  Jsaa  IT  at    Jaa.  10 

~  "         SiaJ     Apr.  rl  ••     rfaa.    alOOMFab.  10 

9, 1st     Apr.  ri  tt     Jaa.    tilUXFab.  10 

8;  atM  Mck.  9tl  aaM  Oepl.  7    t4«  Jaa.  19 

UinXJaaa    i    98     iaaa  17    tS  s  Meb.  30  i 

Isl    tyJaa.  14'    8    BapL  a,  aaxMefc.ao 

91179     Apr.  9SI«I     Apr.  30  I  la    Jaa.    9  1 

17    MX  Aac.  ir  <a     Apr.  M'  ta^  Dae.  10  ( 

i    tSXJaa.  15    14     A«(.  9B   90     Nor    T 

t.  9tM  Apr.  tt   atx  !<oT.  34 

71  9t     Jsaa  9*   48     Nor.  97 

*l  atM  Dae.  91    SIMBapLSO 

«  VtxJaa.  1(190    Xor.  It 

15   9«x  Jaa.    9|  (S     D««.    1 

II    60     KapCaillJ     Fab.    9 

^  --     Hot.  at 


TMll.. 


«IJ(7.0aO      t,tlO,«(7  44    9,101,830  10    3.108,088  40     9,098,786  96 

Not.  t« 4l,9BUa04  38  4tJ«9.t»T  87 

Ualaaca.  Not.  96 4tJW.7Ka7  41Bn.MiW 

New  V*rk  City  aaaaka. — The  lollowtng  tutement  abowa 
the  condition  of  the  Asaoaatad  Banks  of  New  York  City  for  the 
week  ending  al  the  oonunenoeisent  of  businitss  on  Nov.  'iO,  187S: 

.ATaaaas  aaomrr  or- 


l5HOct. 
tt  Jaa. 
a  Jaoa 
II«M  Jaa. 
lOMPeb. 
!TX<>«. 
la  May 
at     Jofy 

98  Jaa.  .  . 
to  Joaa  90, 
4IM  Aa«.  ll| 


14 


Tl     Aag.  : 


(aB,«8 
a.iM 


atMBt 
a8.4ai 

4^071 

laitn 

ItiOM 
I4B,1M 

rt.r4 

70,t4a 

i4aj8ti 

14.338 

iia.100 


Ltaa^u 
tn,4tB 

ATat 
raja 


93.796 

»,llt 
i».4ia 


anjat 

uaar.oit 

i,ma.«oa 

aji».Ti7 

Ti»  — 


751, 
N.7M 


18.033 


t5  Jmn 
tt  Jaa 
ttx  Apr.  30  taM  Jaa.    t\  (4 

Ballrmi^  BaralMKa.— The  latest  eaminga  obtainable,  and  the 
totals  from  Janoary  1  to  lataat  datea,  are  as  followa: 

iispMtad.. .  Jaa.llolatastdata. 

im.         t$T4.        Wn.         1974. 
Atcb.,  Ton.  *  8.  Fc.  Maalk  e(  Stpl.   Vnjm    fllMat 

Allaailc*Pu!iac...Maalb  or   Oct.. 

Oaaiiai  PaelBc.  .  ..  MoaU  of  uct.  . 
CklcMII.  A  St.  P..  tweak*  of  Nov.. 
Ola.  Lalay.  A  Cklc..  let  weak  a(  Mot. 
tBoaa.  A  Teua.  C.  Weak  eod.  Hot4. 
BbatsOaatnl  ...Xaslb  of  Oct.. 
tailSMB  Bl  A  W. .  ad  weak  of  Not. 
lBlara1*Oi.Nortk.  1*4  weak  of  Not. 

KaatasFteMs ad  wrakof  Nor. 

■aokakADssM...  tdwsak  of  Nor. 

)llckl0»Oa«ssl...  tatwaakaf  Her. 

do  do  KMIkarOci  ... 

Mo.  Kao*a*ATas...  td  weak  of  Not. 

MoMIeAOhIo MMilkat    8«pt. 

•uU Al. A  T  H.  bcka.  9d  waak  of  Nor. 
huL.  I  Hi.AMatA.  3d  weak  of  Nor. 
8-..  L.  K.  '•..  *  N....  Moalh  »f  Oet. 
HU  L.  A  Soathaaat...  let  waak  of  Nor. 
•cPwilA8.Clty,Ae.Maatfe  o(  BapC 
OaloaPacUe  Moalh  of   Oct.. 

•  TIM  Mtoeort  PacUe  aanilD(S,  from  Jsa.  1  to  0«(. 

••M.aii 

t  The  weakly  aaralac*  of  Uw  BaaToa  AjFana  Oaalial  Ballroad  Co 
do  aet  laclada  Mratagp  b«a  lk>oa«k  paat4k. 

Tka  0«M  Marttat— Oold  has  been  prattr  steady  throagh 
oiit,  and  there  Is  vrry  little  talk  of  any  Mdded  movement 
tn  one  direction  or  the  other.  In  the  abaenoe  of  speculative 
asaoipalatiMi  tha  natural  teodencT  of  the  price  woald  seem  to  be 
downward,  bat  tha  sappir  of  cash  gold  Is  so  moderate  that  any 
cslaMlatliNi  of  the  probable  course  of  the  premium  Is  more  liable 
thaa  osoal  to  be  thrown  oat  by  the  occurrence  of  unexp<-ct«d 
events,  or  by  cliqaa  eonMoatioaa  lo  eentrol  the  market.  On  gold 
loans  a  mod«raie  rata  baa  baaa  paid  moat  of  tha  time  for  rarnring, 
and  to-day  the  tenn.4  were  flat  and  1^  per  eent.  tor  carrriog. 
Time  loans  of  gold  are  quoted  as  follows  :  for  80  days  nr  re- 
mainder of  the  year,  I-IS  for  ase.  for  90  to  90  days,  i  tor  use. 
The  Tr«<aaary  sale  will  take  place  this  week  on  Saturday.  Cof. 
toms  receipts  of  the  week  were  $1,367,000. 

The  following  table  will  show  the  eoorse  of  gold  and  operA. 
lions  of  tha  Oold  Exchange  Bank  each  day  of  the  past  waak  : 


31^634 

T>,aoa 
i,Mi,aa( 


tr(.iaa 

98,4*1 

at.743 
l,l41,t« 


t.480itia 

i.i4Mie 
4ai.M8 

aiM^Nt 

(.laiitta 
aaitw 
Ba^i»4 

t^titiota 

ade 


TMai a«i/tBjM  t*nj»T,iM  nymjm  m7*jjoo  nii.isijoo  (it.44t.400 

The  dariatioas  from  the  returns  of  the  previous  week  are  sa 

J)ec  (l.aXXt  I  Net  DepoalU i>ee.  t9J7t,M0 


Lsaaa. 

OSSii 


..lac. 
.Dae. 


I.«BJM  I  OlrealsUoD -Jae. 


lOIJOO 


Tba  lollowlne  are  tha  totals  for  a  series  of  weeks  past : 


en;" 

s«aj.ij.. 
aee4.]3.. 
uet.i.... 
Oat.  f  . 
Oat.  It.. 

».».:: 

Hot  4  .. 
h0V.lt  . 

Ror,»„ 


MJI7I.MS 
4iL,*l*>lt 

tl<J4i,ait 
ili,-.n,«o 
at^a.ws 

tttJ44.Mi 

iwjn.^tt 

mioim 
inj»:.40« 


Saeel*. 
13jIM9,100 
lt.aitJM 


Leski 

Teader*. 

70jat,7tt 


4.441  JM 

4.mjot 
4>«jai 

(,MtJM 

*jH>,nt 
lt,Mtja 

l4.Mt,M0 


njntjot 

1S.WVIM 
M^JMJm 

rijiijo* 


Daooalt*. 

tStSttSm 

9H.«P.Nt 

iM.n4.4oe 

ll4.4UI.t60 
IM.tM.I(0 

Tmjm.m 

9I9.«7I.7<» 

nijn4jM 
tiijdjin 
3lljit7Jra 

714, 1(1  joe 


ClrcO' 
latloB. 
l4jRIJItlO 
U.19M09 
17.79*400 
n.TM.WO 
I7JMJ00 
ILfajOO 
;7>51.400 
|-,<ltJ0O 

njit.Ho 

I7,M  1.700 
I4jlt1.4»l 
ILUMta 
|(,4t(,4M 


Ait«ies«'a 
Clearlnaa 

ac.«.p  inn 

(M.ttJJtl 

a5i,';«,ito 

411,144.111 
4«JNj:4 
I49.I3IJ04 
tOKltljlSi 

4IS,<MJ«I 
ai.74U7ll 
I44A**,'«4 
4a.l*VIM 

4ii.aMj« 

lltiWIJ  ( 


608 


THE  CHRONICLE. 


[Novemler  27,  1875 


Bomton  Bankn. — Below  we  Rive  a  Btatemeot  of  the  Boatoo 
National  Banks, as  returned  to  the  Cleariue  House  on  Moudar, 
Nov.  22.  1875 : 

Banks  Capital.       Loans.      Bofcle.  L.T.Nolea.  Deposlm.     Clrcnl. 

Aw.uuc ».a/,uuO     ti.Via.aiO        fJ.WJ       »«\B,«>        n.jaou  »i5i.7  o 

tiUa 1,500,000      !.i85^oo          ««        f 2,  (10         rauci)  ;a,7  i 

Uckstone J,CW),000        «,6i».SJ«           8.1C0         Slr<.8.0        1,510  210  80a.<on 

Boston 1,000,000      2.^i&,9J0        .v.oo       ii4.iU0        -,u.S"U  iajui, 

Borlaton 700,000        1.719UI0         U'.ax)           M,OllO          6tli->M  41^.^Ul 

Droadwa) 200,000         <ii.Si»          ....         13.000         lo.uuu  ;s6.8« 

Contral 500,(100          »9.«0           ...            v»,OiiC          ^CLIUO  asS  ftji, 

Columbian 1.000,000        J,B17.7«I         17,;00         rSt.SOO        ;,Ji5,aKI  7Ui.*u 

Continental 1,000,300        i;i<l.S(0            ....          I»i,3i0           i63M0  ti'.rixi 

fUol 1.000,000        VA'iS.ll'O         89.000           M.WO           HlV.tilO  771 300 

TOrott 400.000        l.l'K.500              400           ii.ttU           43»,T00  »680(: 

Fan<<nllHall 1,000,000       2,;3!.;iP0         l,7«!        l*i.»«o         «i^,4io  in.iM 

breoman-a 800.000        ^I^JUOO          ii.000          77,9(i«  ■        5)H.90O  8i«.lii(i 

Olotio  I.OOO.OOO        2.VV«»0            ....         2".',<U0          719.4)11  344  9 ». 

Uimllton 750,000        •,.'40.'.KX)         109)0           59.000           M'i.SdO  iJO  4* 

Howard 1,000,000       j.ai.iiio         4,400        liiUOO         ■H&.HH)  433aj(i 

Hanaraoturers 500.000       i,  T.COC           ....          85  900         «i,ii,Suo  :4;,5  o 

Mir«et 80O.0OC        l.743.W(l         19.200           «a  1  0           (.!•«  9J(J  3W.i  ,T 

U«s>achnletU SOO.OOO        2.:i.5  7'.U         19.4O0         iOiMHI        l.i(7».«0  BliOX 

»••"-'''•»   4'<n.000        ;.>-5i6.^l           4.000         14,.,iiOI)        l.l.twlU  b53  1(11 

Merchao'tlSd 48l.7y)  III,1'J0  ....  13,400  2!9,<0C 

M    •■■■■i»u..- 3,u.<i.ii0(        1.113)0  0         81,900      !,9*i,10('        9,;a<,0l.io  ;,7li,0ju 

Metropj  Uan  soo.OjO        85i,(00          ....         7.i,4oo         sat.um  4a,00U 

M  .uni  Veruon  200,000         (i27.3U0           ....           tSjfiO          fSiHO  l.:..-;»i 

H^w  Koitlaod 1,000.000        2,570.100          5,900           KJ.,100           709  4)0  749.9J0 

North 1,000,000        8.872  910         13.6:0         8»:.00O        1.711.600  b3-Mj 

Old  Boston 900,000        J.lVi.JJO         M.^H)        2110J0        1,011800  Sut.iW 

Btlawmnt  l,00('.0(0        i.62;  IHO           6.1OO         135.900           994,500  4;:0..tH. 

BBOe  *  Leather 1,000.000        3.4  O.UIO         19.200         240,.iOO        l,.'.ei.'iOO  -tiiiHt 

Btate 2,0110.000        37.il  300         Li.**)           823110        I.(i3'-«W  977  i,iX) 

Suffolk 1,500,000        8.36.1300         1».700         192  7U0        1,'20S  300  7'2J.li«i 

Traders' tOO.OOO        1.42iUW         11,903         !24.'.10           eW.aoO  165.5'/) 

Treinont J.UOO.OOC        8,111(00         51,800         148,7(0           »8;.SO0  69480(. 

Waalllngton 150,000        1.9:9  SOO         21.800         011.100          MI9.:00  532.A1C 

First 1,000.000        S.kSl.iOO         16.:U0         UWO        1.114.S00  51(610 

Second  (Granite)...    1,600.000       4,419  lix)        77.110        2-28.7(«       1.381.8(0  4Sh.(0C 

Tlird 300,000        l.i-r.  400         SJ.KiO           79.200        l,Oi:.!('0  146 IXX 

Fourih  aOO.'HJO           3  0,800         12.^00           lia.7iiO  4,1.100 

B»ni£  of  Commerce.    J.OUO.OOO        5.5  O.'OO              6fO         452,1100        2.-5Ml'0  5"2  9  <i 

Bankof  N. America    1,000,000        2.(93.500           O.ilO         r.6,(i00           637  800  679  000 

B'k  of  Redemption.     1,000,000        5,asii.8.j'J         11,000         321,100           930,5.0  73»  60U 

Bmkof  Kennbllc...    1,500,000        3.2'2.(il)0            ....          1«0,200           827.SOC  W  OOO 

Uoraraonwaalth 5OO.OOO       8.951.10O        IS.OOO        421,000       2.in.0('0  29"i,l«)0 

City 1,000,000        1.932.500         10.0(0           40.10C           52"  700  194  2t'0 

S»«le  1,1)00,000        l.»5".2l)0           M.*!         13.1.700           f85.;00  324  801' 

Kxchanye 1.000,000        5.-.'72  21IC         QO.'M         840,200        2,312.?C0  69S.400 

Hide  4  Leather.   ...     1,500,000        3,f38.700         11  6')0         190,900           9-.7,700  95S9.1C 

Bevere  2,000,000        5,407.900           3.3i)n         S-iS.Sl'O        2.:2!'00  li^S  401' 

Secnrltjr 200,000           Ifill.ll'O           1310           91,900           8!1  300  119  00.-. 

Union 1,000,000        2.:?6StO           2.0(10          111300        1.187.«'0  5  8  000 

Wejstar 1,500,000        2.810,000           l.COC         186.800        1.172,000  360,800 

Total..... »-l,331,7,^0    USeS'lftJO      STJi.SOO   110,191.700    issisll.'lCO  «2\!85!ioO 

The  total  amonnt  "doe  toother  Hanks. "as  per  statement  of  Nov.  22.  li  t23,9i(i,9(« 
Th»  deviations  from  last  wenk's  returns  are  as  Jollows: 

Capital Inrreas!,    190.8.50  1  L<>Kal  Tenders Inorease.     ninoo 

I'.'a'ii Oeiireaae.      ^ll^6^)0    Ueposlts Otcrease.      49.!,(>4l 

3p«ol«.-- D«ore»Be.       E5,W0  I  CIrcalatlon Uncreaee.      ;i6,60O 

ThefoUowingare  the  totals  tor  a  series  of  weeks  past; 
^  ."S.'*-  Loans.  Specie     LetraiTenrters.    Denosltii.  Clronlntlon. 

Oo*.  2i 131,7 -"".lOO              4i7.l'0O           l'.'r.8.'()!)           5.i,6-.6,100  2  .-.3:<.s  11 

S"'J lli,0'2,0)       .      68!,-00           10,071,405          5VI26.1' 0  25.2>0.J()0 

ft"".''-. 13i.lS5.00              77i,llW           lli,li7,101           51,617.410  25,S9t.i(lil 

?<>»■  1' )17.5«.«I0              1^1,^00           ll',n77,100           5^,'iS70():)  aiSO^'OO 

^"y- H 133,8il.03J              -i.i,^(IO           10.191.700           58,3l4,',O0  2.-.,2S6;;'Oo 

Phllitdeiplsia  stauks. — Th<j   following   is   tue  average    con- 
dition of  the  Philadelpliia  National  Banks  for  the  week  preced- 
ing Monday,  Nov.  23.  1875  :                                        Total  nei 
Ph,i  '?*i'"i?               .';'-';'i''.tl       i-'Jins.     Specie.     L. Tender. Deposlts.Uiicnlat'n. 

v'l''«'';lP'Ha »'.iiS'fSS     »5.M5.0OO     158,000       H  OW.Oi*       t3.S8j.n00  »7.'0.000 

Worth  Vmerlca I,000,0ti0       4.7:7.000           ....          I.iXII.iOO         S.785.000  7'JSOOO 

^»rra.;r8and  Mecb.   2,000,000       6.4'1.9.i0       81,010         1,4-0.700         5,311,700  l.OOt'.OdC 

0>rainarclal 810,000       2.618,linfl         4.0(0            4:iO.0C0         1,611.000  62l.U'0 

Michttnl'is'  800,000        1.782,117       lO.ai            231,0t'O         1.111,833  S.S.OOn 

BinkN.  Liberties.        500,000       V,8.>2.0(C           ....            616.000         2.573,000  436.000 

80'lthwark 250,000       l,^6».li4         2,666            S18.713         1,16.1,280  210.1.i3 

Konslniton 250,000       1,03  ■.1174           ....             IflJJfO            651.905  220  990 

f«nn 500,000       l.iQl.ili         1,C«)0            252,100            931.980  212  ).50 

Western 400.000       l.t91.S05       20,tl7            54.5.613         2,077.846  2125) 

Manufacturers'....    1,000.0(0       2,8  4,(100          ....            8.6,000         1.174.500  540  OOi' 

BiQk  of  Commerce       250.000          79.5.118            514            24.093            6r7.087  207  170 

Olrard 1.000,000       4.li3l.l)00       11,000           62'i,000         2.89>i.0O0  09?  OOO 

rraiosman'e 2'Ji),000       l,52i.O0         5,100           SOI.i'liO          1,107.000  179100 

Oonsoildatlon 300,0(0       l.^i.tsa           ....            19.5.'253            7S9IS  270  001' 

City 400,010       I.5;4.9U           ....            827,376         1.037211  358''46 

CJramonwealth....       300.000          827,000           ....             ;9i,01«            6,8,00  2;30\, 

Corn  Kxchange....      500,000      2  06;,ooo      10,415          622.500        2.(ilii.i)00  2711.3. 

Union 300.000       l.SI-.OdO        9,'OD            83  i.OOO         1.411.000  2S3'0'0 

Fli-st 1,000,000       4,028.00(1       SO.OOO         1,115,000         3.522.0(0  79:i'(V0 

Third SOO.OOn          9  6,01H)          ....            3 '3,000            911.100  258!,M0 

Sixth 150,01'0         512.1)00          ....            1'29.000            461.000  ISSfoi 

Saventu ..      25o,0t0          132,0(KI           ....             121,000            411,000  319  W" 

SUhth 275.0110       1,120.000           ....            207.000            fSl.OOO  242'7)l' 

Ointral 75(),')(0       l.lOa.OOO       ll,l'ilO            7Si.OO0        S,52).0C0  ,540.1)00 

B'lnkof  Republic.    1.000,100       2.17;,inio         1,70J            316,000           813,000  18l,'00 

Security 25(),O(,-0          (176,000          ....              97.000            133,000  ICj.OOO 

Total  m.435.nor  $110,450,311    f238.113     113.015,278     116.523.788   110.051.769 

Tnedeviations  from  tlieretiirnsot  previousweek  are  as  followf: 

I«3ans De".    »331. 172  '  Deposits Dec.  I7f3,8!2 

?'io<!le_.  Inc.       6.61I  I  Circnlation  Inc..  13,417 

lie?«i  TonrterNotHS Inc.      63,0;5| 

The  followi.ig  are  the  totals  for  a  series  of  weeks  past : 
Date.  Loans.  Specie.    LegalT-^nder.     Denoslts.  Clrcnlatl'^r. 

>;0V.  1 61,73.1,716              116,212           13,-55,126           48.55',9?0  1(),S0'.779 

Jiov.B 61,2:8,;38             2".«,015           13,512,7-2=           47,4<'8,  6S  !0,«S9,SI6 

JjOT.  15 6',«i|,518              231  9'J2           12,'il7,2i3           47,-!'27,610  10,'.SS,3;3 

N0T.2i 60.46i).341              238,613           13,115,276           46,.52S,7-.8  lO.e.ll.ldS 


(tllllTATKn.S  1^  miSTllN.  I'lllUDKLPIIIA    AND  OTHER   CITIES. 


SBCURITIKS. 

Uld. 

&sk. 

9ZCCBITIK8. 

Rid 

Ask 

- — 



BOSTON. 

Vermont  &  Mass.,  1st  M.  <,'83. 

Malnels ... 

STOCKS. 

New  Ha)np8hlre,6s 

Boston*  AloauT.itoci' 

Soston*  Lowell  stock 

1S2 

13?V 

Vermont  6s 

51V 

55 

Massachusetts  6s,  Cold 

iJoston  A  Maine. ..^ 

llisS 

li'iV 

do           58,  Gold 

....  ; Boston  &  Providence 

144  te 

141^ 

Boston  6s,  Cnrrency 

Burlln|;tou  ft  Mo.  In  Nebraska 

do     58,(t0M  

Chlcaj^o  Bewerasre  78 

1 

(;neshlre  preferred 

(2V 

.... 

Chica.ru,  iiur.  &  Qulncy 

ivm 

'12S 

do      Municipal  73 

.... 

11)1  w 

Jin, .Sandusky  &  Clev. stock. 

6K 

f^ 

Portland 6s....    ..  

fS" 

69  V  i 

fll 

Atcb.  &  TopekalBt  m.7s 

Oonnecticnt  Ktver 

do               landgt-ls.... 

(.6K 

67 

lonnecllcnt  &  Passnmpslc,  pf. 

35 

do               2d  7« 

.H7V 

37V 

Etastern  (Mass.) 

iii< 

UK 

do               land  Inc.  12a.. 

91  S 

91 

ttaatern  (New  Hampshire) 

2t 

Boston  &  Alliany  78 

112 
lll'V 

)ii" 

lW>i 
12( 

l.«l 

Bonon&  Maine  Is 

vituioliester*  Lawrence 

BnrIlneton&  Mo.  Xeb.Ss,  1894 

M 

iwiV' 

Nashna&  Lowell 

Ni 

do            do    Neb.  88, 1883. 

14 

Eastern  Mass..  78 

52 

....' 

Sorwlcha  Worcester 

Ind.Cln.&Laf.7a,  :869 

ORdens.  A  L.  Cnamplaln 

SI 

31K 

do          cqjlpment  10s. 

82S 

do               do      pret.. 

ilo         funded  debt  78 

UldColony 

1(19  \ 

I09K 

O^densburKft  LaKe  Uh.  8s 

... 

....    fort..8ac6&  Portsmouth...  . 

^ 

Old  Col. «  NewportBds,7,  '77. 

... 

Ilntland.  new  7s 

■Verm'tCen.,lstM.,cons.,7,'86 

do     preferred 

16 

IS 

Vermont  A  Canada 

„    do      2dMort.,7,1891 

... 

97  V 

Yermont  &  Can.,  new,  Ss 

Worce'tpr  A  Nashua 

B!»iT(>^,   PHtL^OKtiPHIl.  Etc-Voatiaaed. 


acooBiTiBa. 


PHILADKLPHIA. 

aTATX  AND  OITT  BONDB. 

Pennsylvanla5s,  coup 

do  do    rej 

do  61,10-15,  2d 

do  do        15-25.  3d.. 

Philadelphia  <s,  cU 

do  8s,  new 

Allcuhany  County  58,  coup... 

PmsburKls 

do        5s 

do        7s ^ 

New  Jersey  State  (s.  Exempt. 

1  am  len  Co;iniy  6s 

'  aiuden  dlty  7a 

D  -t^v  ar»  6« 

HarrlBb-jrg  City  6s 

BalLBOAP  STOOEB, 

Camden  &  Atlantic 

do  do      pref 

Catavlssa 

do        pret , 

do         new  pref 

Elmira2t  Wllllaiiisport 

Blmlraft  Wllllamsport  pref. 

Bast  Pennsylvania 

Hnntlng.ion  &  Broad  Top  .. 
do  do     pref. 

Lehigh  Valley 

LinleSchuylklll 

Mtnehil) 

MesquehoDlng  Valley 

Norrlstown 

Northern  Central 

North  Pi'nnsylvaiila 

OilC'cck  &  Allegheny  River 

Pontsyivanla 

Pnllsdelphla  &  Erie 

PnilH(ielphla&  It.!«dln(! 

Plilladclplila  ft  Trenton 

Phlla..  Wllmtn)^.&  itaitlmore 

United  N.  .T.  Companies 

West  Chi'ster  concoi.  pref 

WestJeree? 

OANAX,  STOCKB. 

Letaleh  Navigation 

Morns 

do   pref  

Sclinylklll  Navigation 

do  prel.... 

BAILB0A1>  BOKD8. 

Allegheny  Val.  7  3-108.  *.89»  . . 
do       ;sK.Ext..l910 
do      Inc.  7send.'94 
BelTldere  Delaware.lst  m,«,'7' 
d.)  do      2d  M.6s,'» 

do  do       8d  M.  Is.'SI 

Camuen*  Amboy.ss,  '83... 

,10  do       6s,  '89 

do  do  mort.  6s,  '89 

0«in.  4  Atlan.  istm,7s,a  i9i)£ 
do  2d  do  7s.  188'!.. . 

Cam.  &  llurllugton  Co.  6?i, '97. 

1  atawiBsa,  new  7-,  I9i'0 

Cayuga  lake  Ist  m,  g.  Ir,  1901 

Connectlnges  190O-1904 

(hartleys  7s.  1901 

Dau.H  &TVllkes,l8t  m.,7c,'Si 
D  laware  mort.  6b,  various — 

KastPenn.'st  norl.78,'s8 

Bl.  &  W'mspoit.  Istm,  Is. 'SO. 

do  do   5s,prrp 

Harrlshorg  '.st  mort.6s,'B3... 

U.  &  B.  T.  1st  mort. Is, '90 

do      2d  mort.  7s,  '75 

do       Sd  m.  cons,  7s, '55. 

Ithaca*  Athens  k.7s,'90 

Junction  Ist  mort.  6a, 'Bo 

do       2d        do  1900(9S; 

Lehigh  Valley,  6s,  1898 

do        do         do     reg,  1898 

00        do         do        7s.  1910 

do        do  do  reg  14  8 

Llule8chaylklH.lstM..7. 1877 

Northern  Central.  21  ra..6s,'85 

Northern  P'  clflc  1  S-10«.  19lO. 

North  Peon,  let  m,«s, '85 

do  2dm. 7s, '96 

do  chattel  M.  IDs i 

rto  gen,  M.  Is,  1903.,! 

on  Crei'k  *  Ale.  U.cm.  Is.'Stl 

OilCreeklst  1)1.78, '82 ! 

Penn*  N.i'.C.*U  U78.'96-1906.* 

Pennsylvania.  Ist  M.,6, l^'to.., 

.10         gen.  m.  1910,  coup 

do         gen.  m.,  reg.,  )91J 

Perklomen  Ist  m.68,'97 ' 

Phlla.  *  Erie  Ist  m.68,'81.... 

do  2d  m.  7b. '88.... 

Pblladelphia  *  Heading  6b,  RO 

do  do       7s,  '93 

do  deb.  bonds, '93 

do  g.  m.7s,c.  19)1 

do  do    reg, 191' 

do         new  conv.  Is,  1898 

do  Coal  *  l,Co  m.,78.-92-'3 

Pitts.,  cm.  4  St.  Lonls7s, '90.. 

Shamokln  Y.  A  Pottsv.  78, 1"01. 

Steubenvlilo  &  Indiana  If. '84 

SconyC  *  eK.  iBt  m..78, 19t7... 

Snnhory  &  Krle  Ist  m.ls. '«7.. 

Sunbury  &  Lewlston  Is,  1890,. 

Union*  lltusvllle 

United  N.  J.  c  ns.m.  6s,  91.. 
Warren  &  F.  Ist  m.  is, '96  .... 
■Wt^st  Chester  cons.  7s, '91.  ... 

West  Jersey  Ist  m.es,  '96 

do  do    78.1897.... 

Western  Penn.  Rn.  6s.  Ii93.... 

do        do     68Pb'96 

warning.  At  Kead.,lst  M.,7, 190( 
do  do   2d  Mort.  1902 

OANAL  BONDB, 

Delaware  Division  6s, '73 

Lehigh  Navigation  6s. '81 

do  Kit. '97.... 

do  '77  

do  conv  ,  "82 

do  conv.,  g.'94. 

do  gold,  *91 

MorrlB,lstM., 6,1876 

do      2dM.,  1816 

do      boat, '85 

Pennsylvania 8s,  1910 ... 

Schuylkill  Nav.  ist  m.6s,'91. . 
do  2d  m.,  68,1907 
do  m.  6b.  c.  '95.. 
do  6b, Imp. .'811... 
do  6s,b^at&car,l913 
do  78,boat&(ar,19i5 

do         Bcrlp 

S nsqqehapna  6s.  1894 


Bid. 


105 
18H 
115 
109 


ma 


i 

6VH 
11 
in. 
41 
20 
88 
40 
7 

I3X 
«2i, 
Slit 
54* 
63 
98 
82X 

f^l 
55J. 

i!i;>4 


6OX 

.29 
7), 
16 


92), 

»i\ 

48 

00 

SS 

93 

ll>li4 
lul 
iOS 

OS 
lC3>5 

90 
103 

M 


lOl 
00 
103 

to 

102 

05 

02 

55 
101 H 

98 

98 

106 
1(9 

96« 

.01 

iik 

105 

11  5 

luiK 

b'i 

i*x 

104  X 
lui), 
ioix 

M 
97 

s;« 

I1B>4 
lOi 

S'x; 

I'l-M 

75"' 

m 

.00 


93 

80 
105 
99^ 

;o3^ 

79 
79 
41 


95 
102 

101>i 

98 
100 
115 
106  Vi 
100 
HO 
lOO 

69 

96 

f2« 

78 

M 

IS 

925i 


Ask 


109), 


SCH 


iOlH 


16 

loi" 

1('5" 
68 
90 

l62>i 
103 


107 

Sly. 

9^k 


SBCUBITTBB. 


RALTinORR. 

Maryland  <s  deienre,  J,  *  J 

do       t«.  exempt,  1881 

Co        6',  1)110.  quarlerly... 
5s,  quarterly 


Baltimore  6s,  1881, quart. fly... 
68,1886,  J.  *  J 


do 
do 


do        6-.  1890,  quarterly.. 
00        es.Park  lo9',  (i— ,M 

do        6k,  1-93.  M.  &  s 

do        6«.  exempt, '33, .\1,&  S 

do        fs.  190(1,  J.  «  J 

do        !>>.,  1902,     DO    ..  .. 

Norioik  -Wai.  r.Ss 

BAo.RoAti  8T0CSB.    Pa 

Bait  a  Ohio-St.ck iCO 

do         Warh   Bra'  c>i..  il 
do      Parkersbnrg  Br.  5' 

Northern  (  entr»l 50 

Wetteru  ^  arylani y 

'Vnlra  •  hlo 50 

Pllisbiiriili  &  Connelisvllle.  Bi 

RAiLKOAi'  }.O^D    . 

Bait,*  Ohli  6s, '.'Si',  J.  &  J... 
no  6«.  i8'-5.  A.  A  O.  . 

N.W.Va.,8d  M.'guar)'  l.J.AJ 
Plltsb.  *,  Cin  ellsv.  1s.'»8,  10 
Northern  rcntial  68. 1865,   do 

do         68, 190'.  A.*  O. 

do  6s,gol'l,190()..l  *J 
L»n.Ohlo6-.  Ut  M.,'SH0,M.*S. 
W.  Md.  6s,  let  lii.,();r)'90,J.«  J. 
do  l8tM.,  1-90.  J.  .»  J. 

d>  21  U..  (gn..r.)  J.*J. 

do  2d  M..  (pref.) 

do  2 '  V.(gr.by  W.  o.)J  *J. 

do     6s.  .Sd  M  ,  (guar.)  J  .*  J . 

Mar.*  Cin.'s.F.  »  A.,  1692... 

do  2d.M.*.  N 

do        8s,Sd.  J.&  J...  .. 
Union  PR.,  Ist  eusr..  J    *J.. 
do       Canton  endorsed.. 

MISCELL.NKOns. 

Baltimore  Oas,  certlflcate" 

People's  Ga- 

»»  ASHIIVOTON, 

DiHrlct  of  Columbia. 
Perm  lmp.,6B,g,  .l.«J,  1891. 

do         Is,  M; 

Market  Stock  bonds.  7s.  1^9*2.. 
Water  Stock  bonds  7s,  1901 ... . 
78,1903... 
V^aalington. 

SyearCert.,  7y-iu,  1875 

Ten  year  Bonds,  8s,  187B 

'iinH.l.oan  (I'ong)*  g,1S91!.. 
Fnnd.Lonn  (Lee). 1  s.g,  1902.. 
Cci  11. ol  Stock  (1'^'26)  56.  at  plea. 
"  "      ('81.3)65,  at  pleai 

Chea.  *  O.  "t'k  ('■!-;)  fiB.  at  pleas. 
Georgetown. 

CJeneral  ttock.s.,  1881 

do  68,  at  pi' apure 

onnty  stock.  68,  do 

M.«ike'  St'  ck,  6s,  dj 

Board  of  Public  -Works— 

Cers.  Oen.  Imp.  8s,  1871 

(<0  1875 

do  1876 

do  1877    ... 

do  1878 

do  Series 

Certlflca'es. Sewer.  88,1871-17 
Water  Certlflcatee, 8s,  1877... 
OINCINNA'I'I. 

Cincinnati  5s 

do  68 

do         7s 

do         1-308 

Cincinnati  Sooth'n  BK.  I.SOs  • 

Ham.Co.,<>hlo6p.c.  ong  ndD. 

do  do     1  p.c.,1  to5yrs, 

do         do     Igbds.l  &I.3"' 

Jin.  A  Cov.Brmjse  s'ock.  pre) 

do         I'onds.  long. 

dn..  Ham.  AD..  1st  M..  I,  80.. 

(lo  do       2dM.,1,  85.. 

do         do      3dM.,8,17.. 

CIn..  Ham.*  lnd.7s  enar 

Cln.*  Indiana,  1st  li.,  7 

do  do     2d  M.,7, 1877.. 

Colum.,  *  Xenia,  Ist  M.,7,  '90 
Dayton  *Mlch.,lstM., 7  81.. 
do  do  2dM.,1,'84.. 
do  do       SdMyl, '88.. 

do  To'do  dep.  bds,  1,  '8I-'9i 
Dayton*  West.,  1st  M.,  188!.. 
do  do       Ist  M.,  19(5.. 

do  do       1st  M.,  6,1906 

Ind.,  Cln.  &  Laf.,  Ist  M .," 

do  (I.*C)lstM.,1,188> 

Little  Miami,  6, 1883 

Cln.  Ham.  A  Dayton  stock.. .. 

Columbns*  X  en  la  stock 

Dayton  &  Michigan  stock 

do         8  p.  c.st'kgns' 
Little  Miami  stock 

IiOtIISVII.I.E. 

Louisville  68. '82  to '87 

do         68, '91  to '98 

do         "Watei  6s,'87to '89. 
do         Water  Stock  6s,  '97 

do         Whartos 

do        special  tax  6s  of '89 
Jeff..  Mad.  A  I,lstM.(IftM)7,  '8 

do  do    2d  M.,1 

do  do    Ist  M.,7, 1906.... 

.onlBV.  C.  &  Lex.,  Ist  M .,  1,  "97.. 
iouls.*Fr'k..l8tM.,«,'i0-'78. 
do  Louisv.  Loan,6.'81 
,.  ea  Nash.  1st  M.(m.B.)  1, '77.. 
do  Lou.  Loan  lm.s.)6, 'Sl^-'fl^ 
do  do      (Leb.Ilr.)6.'86 

do  IstM.tMem.BrjI.TO-IS 
do  lstM.(Leb.br.ex)7.'80.'8!' 
do  Lou.  L'n(Leb.br.cx)6,'8f 
do    Consol.l8tM..7, 1898.... 

Jefferson.,  Mad.  &  Ind 

Louisv.,  Cln.  A  Lex. .pref. 

do             do          common. 
Lonl'jTllIe  A  Nashville 


lOX 
llOM 
1('4 

1.8 
106 
106 

16V 

OS 
116 
U9\ 

I'ex 

88 
ill 

74 

120 

7 

s: 

6M 
7 

(S 

ICSl. 
U) 
lO'ik 

H5>i 

57  >• 

99  >. 
116 

87  >( 
1(6 

67 

97 
101 
10".  S 

56). 

'■i'A 

93 

98X 

10« 
26J« 


60 
10 

95 
80 
80 
SC 

F4 
H 
H 
Si 
84 
!.4 
.M) 
97 

•80 
•92 
'103 
■105 
101 
'92 
9?« 
'10, 
120 
SO 
99 
04 
112 
81 
(8 
.2 
IdO 
100 
92)4 
8.- 
98 
11)0 
S6 
75 
68 
88 
92 
48 
96 
11 
103 
93 


ST.  LOt;iS. 

81  LOulB  6s,  Long  Bonds "IkV 

--■■  -'lOSM 

115 
IIS 
106 
105 
102 


do       Water  6s  gold 

do  do       do(ncw)x« 

do  BiMdpe  Approach  g. 6s* 

do  Hennwal  gold  (^s • 

do  Eewpr  e  6s  (Mnc'91-2-3)" 
St  LcuisCu.  new  Paik  g.  68..' 

c'y,  'is " 

At  A  Pacific  eoar.  land  graott 
do      2d  M.  (funded).... 

•  And  lnt-AVA«t. 


190 
145 
9 
82 
« 
41 
10 


10'.  k 


I  2X 

u'-i:-'. 


November  27,  1875.) 


THE   CHKONICLE 


509 


GENERAL  QUOTATIONS  OF  STOCKS  AND  BONDS  IN  NEW  YORK. 
U.  S.  B«ndt  wm  metit*  Bmlroad  Stock*  are  quottd  on  a  prmotu  page.    Priet*  reprettint  t?u  v«r  tent  value,  tehatover  the  par  may  be 


Stat*  ■••«■. 


to     a*.tM 

to     •i.Mi 

to      ti.MM u- 

to      •>,  If  oat.  *  Enf  Mm  R. 
to      la.AU.*  Cbit.R.... 

to     ti o(  vm.. 

4rkaan(l«,rnto4 

to  ■H.UB.*  rt.B.lM. 
to  f.  Monptali  *  L.  R. 
to  lfcL.Bjl».B.*."J.O. 
to  7>.MlM.O.*R.iaT. 
*.  Ark. CaaL  B.  ... 


(CMtoSi 


laSwii. ^ 

innebfc  ceapoB.  MTT 

to  «a       int 

••      Warleu 

Kwnekjti 

LeaMaa*  •• 

to        to  acv  bOBto 

to       doaevfloillsttotot 

to       1i.Pciir.»Umr]r... 

to       It,  ICTOT  tonto..  . 

to       t^       to         

to       li,       to         M». 

to       m of  IKS.. 

wtSn»—.vmJ». 

wo  W.  IMILa....  ...*•*      ••• 

to      1i.UH. _. 

inMo«itl*,dulBUr». 

to      to  um. 


to     to  Ml_ 

~i>beM*«Mta:<<H-: 
Ito.toa'nu'Wtaci 
•  ar  i;iti«n.«M  Ur: 

■•V  Tack  ■oatv  ian.  nc 
to  to         eMD 

to        «i.  CaaiJ  Uu,  tr: 
to       ••,       to         IR« 

to        (i.  to    tomm..wSt 

to        ^  to      to  ..MN. 

to       ••,  to      to  ..mt. 

Honk  OwollMl*.  oM,  J.  *  jr. 

-   ..c.KH...:i-.lS:: 


M 

W 
W 
M 
M 

m 
n 

VAX 

2^ 


i 


>C*K 


uccaiTiu. 


■atlroad  Boada. 

AltMliT  *  taaq..  in  batKH... 

to  to      M     to    ... 

to  to      id     to    .... 

Boatoa,  Birtf .  *  Xria,  Kt  mart 

to  to  (av. ... 

Bar..C.IUpliU*Mlnn.lU7i,( 

CkM»rak«  a  Oblo  l<,  Ut  BU. . 

to  do        czccap 

CMeiso  a  AHra  iloktB*  fud. 

to         to    utawrt. 

to  to    tHfWHna 

JalMaCklc*co,iMmort 

Laatdana  a  Mo.,  M  m.,  caar. 
SI.  LoaU.  Jack,  i  Chtc,  HI  m. 
Cklc_  Bar.  a  Q.  8  p.  ciHm.. 
to  do   conaol,  m.  Ti 

CMewo.  Rk.  Iitand  a  Paeiac 
do       b  -  •--  --  ~ 


Cea/nt  or  N.  J.,  IM  ai..  a«w. . 
to         to     IM  eoawl. 


F.  Inc.ia.'H  •*    .100 
til    , 

to  to  eoB.eoaT.... 
LcOib  a  WllkM  Ik  COB.  (aar 
Aai.  Dock  a  ImproTc.  boada. 
MIL  a  ■(.  Faal  lai  a.  %  P.  O. 
to         do        MaiTilOdo 


to 

to  do 
to  to 
to        to 

to  to 
to  to 
to  to 
to  to 
Ckis.aN. « 


7a.  cold.  R. 
:•(.•£  do... 
latm_LaC.  D. 
inm!l.ailJ>. 
utBi.  I.  a  o.. 

1«  m.  H.  a  D. 

Ill  m.  can 

til  CoaaoL  . . 
*dm. 


do 


ti 


iBt-bbato. 
aeawLtto 
anmMi. 


fi   "to'     .._ 

to       toeoapa«J 

••       to  to  e«Jl.ao. 
to      raMla|act.lM... 

ll€«baato.J.ay.: 
A.ao.. 
.ViMal. 


m 
d> 

I" 


to    Mkto    |i.gg. 
^KKT.  a  Krta.  lot  lalw 

rTiiiaaaA..aMljiB^ 


"id]aad,MBaR.ti 

aCMcacaBsMBto*.., 

'''!  oort-aaar 

•  ukaa.u(aoct., 
PaMc^MBorl. 

,(...<'  ft  liia'a.Ma!l(Jf/p! 

do         CeaaeL  ai.  boada 

eULack.aWltra.W.  . 

to  to     Veeer 

Sto     tMto,  IS> 
to  to     M88B.  r> 


IIIH 
IM 


taoDBtrika. 


IBM.  Aak. 


..II 
M       W 

-•••I  »n 
a  I  w* 

liJiii  "!■■ 
..  |;io 

:Sr-- 

'10 


KM     lOB 

:i6<i 


wa 

'S!: 

\<v 

lU 

m  . 

H 

•»X 

•9 

2W 

MK 

as 

•  K 

5x 

n 

N 

•k 

U 

ToL  a  If  abash,  lit  m.  extend.    B> 
do  do     III  ln.8UL.dlT{  biy, 

3o  to       admort 

0  to       eqnipmt  bda. 

do  do       con.  conrert. 

I  BubKmI  a  ilapka,  IM  Bion^. 
Great  Westarn,  in  mort.,  ia». 
:  I        do  id  mort.,  UM.. 

OnlncT  a  Toledo.  HI  mort.  UK 
Illlnou  a  to.  Iowa,  lit  mort.. 
Lafajralja.BI'B  a  Mlaa- in n 
Han.  a  CAtnd  MlaaooH,  IM  m. 
PeklB  JJaeelB  a  Deeatar,  Ut  m 
BoMOB  a  v.  T.  Air  Llae  In  m 
tin.,  LafBntU  a  Chlc.  lu  m. 
Del.  a  BaifOB  Canal,  in  m.,  tl 
to  to  UM 

do  to  W> 

do  do     ronp.  7a,  Itil 

;    do  do       rr(.  U,  UN 

Lonv  laland  UR.,  Ill  inort 

SoaUi  SMa,  L.  I.,  Ut  n.  boada. 

to  ilnkljwfaod.. 

Weatera  UbIob  TeU  IWOxonp 

MlaaallaB«*na  Llat. 

lAwM-«'  ViuXatoM.) 

ciTiia. 

AMaa7,lf.T.,M 

jli^aio  Water 


CblBigila.lom  daiea 

tt,atwera(e 

la.  water 

li.  riTerlmproremaBt 

IL  Tarleoa 

0«rilirffa 

Detroit  water  Worki  ;•.    . 
eilabatk  CItr,  doe  W 


aBOVBlTIBa. 


i 


CHr  Water  bda..  "M  M 

ater.'diieMlil!.. 

BAILaoalH. 

'  AtSSfe  a  r»eStL  o'.  C  gid. 

AtehlMBa  lla»raaka.ip.e... 
Hot.  a  Mo.  ltlT..LaiMl  ai.  7*.. . . 

to  to        M».,to1a.. 

do  da       *da.,to*i.. 

to  to       4Ui«.,tota. 

Ja  to        Stht^toM. 

to        Hlill.,dola. 

.t'.K-aM.iM.diT. ),■.». 
.    J  a  Palioa,  In  ;•,  (old  .. 
v.«.lafala  Pae.  ua.  la.  coM. . . 
to  «a.lla.,t 

IM  a .* 

vlih  lat.  ivnlfa  ... 
Cenlnl  Paetto  Im.  cold,  cobt.,  mx 
<  eniralof  lo*aurm.7i,sold    ~ 

do  do     M  ai.  7a,  (old 

Kaokaka  W.Paal«i 
t'ankaaea  Bar.M... 
DtuaTProna  a  Haa 


allerti. 


iVt: 


.  „  ^•.•aiaT.,int,.., 
^  >MHna.lMa..eoap. 
ft.-   to^Jata-  naZ. 


,.|oM 


Ji 


.O.MB.Jald'ii 
_  T.lM7a.<lTaan 

«»&"^ 

^IMa.f.li 

dlr..lMm.(.1a, 
'  '  '■•.tli 


.ri 


IT  I  Uj  «•  agar... 

ilRlrera  lILtt.  .. 

aLakeM.  IMa.a 

to    M  B.ti 

-a  CalaaMala 

PBelleXroM. 

Oranda;B.coM. 
ravfanUT.,1»., 

ir»I.I7. 

>d' 


Bob*.  WaMrfs  *  0>.  oaa.  iat 
M.  U  Jk  baa  M««-^^^* 
to 

do  to    kl 

t.ijP.....aw^jj-.|:fa... 

to  to  8<w.  IHir. 

to  to  Maart.. 

to  to  oeatoL'to 


llaB.a  NMb^.ia. 
—  bPadB.ta.ceB. 

IMnir7i.... 

MX.0.1I... 

IM«aL.U.1i 

I  MTCr  Valler  a 

^ijamaliut  7t,(oli.. 
aa».TaT  -  f  aar 


'I.... 

y.^Sjy.Jr.f::;: 
lUtid 


Mo.  R.,  Ft.  S.  a  Oulf  lit  .-n.  lOl 

<>o         do         3dm.  tOa. 

X.  Haven.  MIddlefn  a  W.7i.. 

N.  i.  Uldland  In  7i,  gold 

in  2rt7".... 

Xew  Jersey  a  N.  T.  7i,  gold. 

N.  r.  a  uiw.  Mid.  in  7i,  gold. 

do  do        3d  7i,  conr. 

Nonh.  Pac.  in  m.  gold  7  3-iut.. 
'imat  a  a  Southwrnern  RR.  m 

Oawego  a  Rome  7i,  guar 

Peona,  Pekln  a  J .  in  mort. . . . 

Peoria  a  Bock  1. 7a,  gold 

Port  Hnron  a  L.  M.  7a.  gId,  end 
PoJlman  Palace  Car  Co.  atock. 
ia  Ma,  Bt,  lib  aerlea 
RaekTd,  R.  I.  a  St.  L.  lai  7a.  gld 
It..__ii  •  ■■  "•we^n  aa.BOla... 

Sfonx  CttT  a  rMiSc  <« 

BoBibern  Minn,  connruc.  8a. . . 

do  7a.. 

St.  Jo.  a  C.  Bl.  in  mort.  10a. . . 

do         do  Bp.  c. 

Sandnaky^Mana.  a  Kevark  7a. 
St.  LoaU,  TandalU  a  T.  H.  IM. 

do  do  M,  guar. 

St.  L.  a  So'eaalem  in  7i,  gold. 
St.  U  a  I.  Ml.  (Ark.  Br.)  7«,  g. 
Somkem  Central  of  N.  T.  aa... 

Union  a  Lqnnaport7a 

Union  Paclne,  Bo.  branch,  a,  g 

-.all.*   laf  *l 


«  « 


Iowa  Fa])*  A 
Indian  >fM>lt, 

u T.TZ  »  ,, 


.jaan., 


»ix 


W»!»'  .  .. 
I«>     lOi 
.»\  \T,H 
V*S      .. 
Wk    >l 

u 
in' 

r ... 


do 

Stock.. 


Baw  aid 
B«a0ae 


......Ji 

b,  ilu  Fab.  a  Ana 
>,!>;•.  load  graal 
it.  Learea.  br'nch 
iBcamea,  Ko.  II 


Walklll  Valley  in7a,g( 
—'—  — —  -6I( 


iii: 


WeM  Wiaconatn  la,  gold 

WlaeoaalB  Valler  aa 

Saathern  Nacarltlea. 

Broktrt'  Quc4atum:, 
aTATsa. 

Lonlalananew  conaol.  7a 

tonth  Carolina  new  conaol.  (a. 
TaxaaSialea,  ;877 

do       <«.  I8*l-> 

do       7a,gold 

do      101,0118*4.... 

do      10a,  peaalon., 
oiTiaa. 

ita,fla.,1B 

to       ta.. 

aiiata.  Oa..  7a,  bonda 

fbaalama  MJDjA  a .  ■■ 

CbarlealOB.  S.  C7, 7a,  P.  L.  bda. 

ColnmbU,B.C.,4a 

Colombga,  Oa.^  7a,  booda. 


Bid. 


19 

is" 

M 
M 
70 
il 

SO 
S3H 

ik 

40 
M 
ti 
71 
80 

90° 
W 
75 

m' 

75 


l^BCbbargta. 

tfaeea  K,  bonda 

MaapWaoM  boada, a 

do      Bewbondi,a 

to      end.,  M.  a  C.  RR.  , 

Mebaafa,(coapa.on) 

to     la,(conpa.  on) 

MoBtaomerra 

llaahrUlala.oM 

do       ta,nav 

RawOrleaaaa 

to  eooaol.  a 

to  bondt,7a 

■old  7a,  qaarterls 

to  niiroadaVti.' 


No.  14.. 


aSaaibB.ta.gaar 
iaa.ao.Rfi.gaar 
it  t>  Cameron  lOa. . . 

io.ac.  B.aof« 

to   ta  of  II 

Ial7a... 


tceap,Oci.,7l 

futod  tot.  a 

pref.  aloek... 

'  Nkof*  RR.  IM  m .  gId  7a. 

'  •  nap.aMlia.1tt  7a, gold. 

i.e8T.,  Ateh.  a  H.  W.  7«,  guar.. 

Law.  a  bal.  in  III  ,  im. . 

Craw,  a  8.  W.a.gld. 

lAlrUaaa 

loaP.JarrtaTa.goid 

IM  la,  gold  

aTaua     goM.. 


•aTnBBah7a,old 

to       7a, 
WObImIob, 


to       7a,  aav.. 

iBlMlOB,  K.  C„i 

to  to     I 


8a,  (oM.... 

BAII.BOAPa.    , 

Ala.  a  Ckatt.  in  m.  Md  ead.. . . 
Ala.  a  Teaa.  R.  in  itort.  7a... 

do         admort.7a 

UcaUalf,oanaol 

toraa'h. 


AtUBU 

to 

t 


to  aad.to 

S  Toiaar... 

ittallMB.la,g... 

Oaalnl  Oaorgla  ooasoL  m.  7t. 

to  nock 

CkarlMU  CaL  a  A.  in  M.  la.. . 

da  to      nock 

CkanaMoa  a  aaTannah  a,  end 
tataaaak a  Gkv.  in  m.7a.... 
Cbaiaw  a  DafilattoB  Ta. 
pMl>Ba.a  Oaorgtaa.^.... 
pat  Taaa.  a  Va.  a,  ead.  f  aao 
iTTCBB.  Va.  a  Ua.  iat  m.  7a. 
to  do        atock.... 

OaoisU  RR.Ia 

to  atock 

OfacBTllla  a  Col.  7a,  gaar ,. . 

to  do  iLcariaf.. 

"laeoa  a  BraanrMt  CBd.  7i. 

laeaaa  AanNBboada...  . 

to  do      eodoraed.. 

to  do      atock 

ManpbU  a  CbarlealOB  In  7a 
do  do         2d  74, 


97 
M 

97 


40 
MM 

P 

iOt 

it 


fax 


do 
do 


atock 


MeauhM  a  Little  Rock  latm.. 
Mliiliilppl  Caatral  IM  m.  7a. . . 
do  Mn.8a... 

piaTeBB.lal  m.7a. 

do  do    conaol.  a 

MoalMtDcry  a  Wen  V.  lal  a. 

to  to  laooflM 

MoBt.  a  iBfaaU  tat  M,  g.  ead 

Mobile  a  Ohio  nerling 

to         to      to    cxearut 

to  do  8^lnleraat 

do  to  admort.  a 

do  do  atock 

If.  Orlaaaa  a  Jarka.  'ml  m 

to  do    rertlf'aa.. 

M.  Ortaaaa  a  Opeloaa.  Iat  m.  a 
NaabTlllea  Chattanooga  a... 
Horfolk  a  Pelerabnrg  Ut  m.  8a 
to  do  7a 

do  do         Mm.  a 

ITonheaBiam,  B.  C,  in  m.  a. . 
do  1dm.  a... 

Oraaga  a  Alexandria,  lata,  (a., 
to  to  adt,  a.. 

to  do  8df.  a. 

do  do         4ttia,  a. . 

Riebm'd  a  Petenb'g  lal  m.  7a. 
Rich.,  Frelub'g  a  Foto.  a. . . . 
do  do  coBT,7a 

Rich,  a  Danr.  Iat  conaol.  a. . 
toathweat  RK.  Ua,IMm.  .. 
Carolina  RR.  lal  w.  7a,  new 

do  •• 

do  7a 

do  alock 

Weal  Alabama  Ss,  guar... 
paar  POB 


98 

•S 
(5 

M 
ICtH 


40   li'/lrgioiaconpoiu.. 

IS     I     do      conaol.  coiv 

10   HMwiphlt Clly ooapoM,.,., 


aw 

I 


510 


THE   CHRONICLE. 


[November  27, 1875. 


3nt)E0tment0 


AND 


STATE.  CITY  AND  CORPORATION  FINANCES. 


The  "  Investors' Supplement"  Ib  published  on  the  last  Saturday 
"of  each  month,  and  furnished  to  all  regular  subscribers  of  the 
Chronicle.  No  single  copies  of  the  Supplement  are  sold  at  the 
office,  as  only  a  sufficient  number  is  printed  to  supply  regular 
subscribers. 

ANNUAL    REPORTS. 

Great  Western  Railway  of  Canada. 

(Iteportfor  the  six  months  ending  July  31,  1875). 

During  the  last  half  year  the  directors  have  steadily  pursued 
the  policy  which,  from  the  first,  they  marked  out  for  themselvefi, 
and  for  which  they  obtained  the  sanction  of  the  shareholders. 
That  policy  was  stated  to  be  to  maintain  the  line  and  rolling  stock 
in  a  condition  lit  to  receive  increased  traffic  on  the  revival  of  trade; 
»o  discountenance  unnecessary  competition,  by  cultivating  friend- 
ly relations  with  the  neighboring  companies ;  to  curtail  capital 
■expenditure,  limiting  it  to  the  completion  of  the  branches  to 
which  it  was  found  that  the  company  had  been  committed,  and  to 
■necessary  improvements  of  the  existing  system ;  and  to  reduce 
working  expenses  to  the  utmust  degree  consistent  with  safely  and 
the  maintenance  of  the  property. 

The  earnings  of  the  half  year  amounted  to  £411,lS7,  t. «.,  about 
£105,000  less  than  those  of  the  corresponding  period  of  1874.  This 
great  falling  off  is  mainly  due  to  the  very  low  rates  on  through 
uaffic,  both  freight  and  p.issenger.  While  the  number  of  tbrougu 
passengers  was  less  by  only  8  per  cent,  the  receipts  from  this  class 
of  business  show  a  reduction  ol  20  per  cent.  The  weight  of  through 
freight  and  live  stock  diminished  by  only  7i  per  cent,  but  the 
receipts  by  nearly  25  per  cent.  The  rates  and  fares  obtained  in 
the  half  year  ended  July,  1874,  if  in  force  during  the  halt  year 
■cow  under  notice,  would  have  increased  the  total  gross  receipts  by 
£84,000.  Those  obtained  in  the  half  year  ended  July,  1873,  would 
Jiave  increased  them  by  a  further  amount  of  £34,000 ;  so  that, 
without  any  addition  either  to  the  volume  of  the  traffic  on  the  one 
hand,  or  to  the  working  expenses  on  the  other,  £135,000,  instead 
of  £17,000,  would  have  been  carried  to  net  revenue  account. 

The  reduction  in  working  expenses  has  been  continuously  and 
satisfactorily  pursued,  and  is  still  in  progress.  These  enpenses 
amounted  in  the  last  half  year  to  £393,793,  or  about  £12,000  less 
than  in  the  corresponding  period  of  1874.  The  cost  per  train  mile 
has  been  reduced  from  53.  3id.  to  4s.  9Jd.,  a  lower  rate  than  has 
been  reached  for  sume  years. 

The  main  line  and  the  rolling  stock  are  in  an  efficient  condition. 
Steady  progress  is  being  made  in  the  substitution  of  steel  for  iron 
rails  where  necessary  in  the  branches  and  the  subsidiary  lines. 
The  rolling  stock  is  ample  for  a  very  large  increase  of  traffic. 

With  reference  to  the  Detroit  '&  Milwaukee  Company,  the 
directors  have  to  announce  that  under  tlie  suit  in  Chancery  com- 
menced by  the  bondholders  for  the  foreclosure  of  the  mortgages 
and  the  sale  of  the  line,  Mr.  Trowbridge,  the  late  President  of  the 
Company,  has  been  appointed  receiver,  and  he  is  now  in  charge 
of  the  property.  After  the  failure  of  the  proposal  by  this  company, 
referred  to  in  the  last  report,  a  new  scheme  was  put  forward  by 
the  English  bondholders'  committee,  but  it  is  still  uncertain 
whether  it  will  be  accepted  by  the  bondholders  generally.  Mean- 
while the  interests  of  the  Great  Western  Company  are  being 
carefully  watched,  and  this  suliject  was  one  to  which  thePreeident 
directed  his  special  attention  when  in  America. 

HALF  tear's  accounts. 

The  following  is  the  usual  summary  of  the  accounts,  which  are 
rendered  in  the  forni  prescribed  by  the  imperial  "Regulation  of 
Eailways  Act,  1868."  Both  the  capital  and  revenue  accounts  are 
for  the  first  time  stated  in  sterling,  only  reduced  to  a  gold  basis. 
They  cannot,  therefore,  be  in  all  respects  compared  with  those  of 
former  half  years;  and  this  is  especiall.y  the  case  with  reference 
te  the  gross  revenue  receipts.  The  receipts  in  American  currency 
have  been  subject  lo  a  greater  depreciation  than  in  the  corre- 
sponding period  of  1874,  the  average  rate  of  conversion  having 
been  115^  as  compared  with  113J.  The  cash  receipts  on  capital 
account  during  the  half  year  to  Cist  July,  1375,  amounted  to 
£324,658  IBs.  lid.,  as  follows: 

Sliare  Account— 
Nominal  amount  of    eecond  and  third  instalments  oa  44,876  new 

8haru(,  issued  at  the  price  of  £10  per  each£iO  lOs.  share      £459,981 

Less  received  on  account  of  second  instalment,  as  per  last  hilf-year's 

report 30,734 

£1-29,247 
Final  instalment  on  6,987  new  shares  paid  in  full  and  converted  into 

original  shares gg^oS 

Received  on  account  of  final  instalment  on  balance  of  37,889  new 

shares 15,17,1 


The  total  charges  to  capital  account,  during  the  half-year 
amounted  to  £346,761  78.  8d.,  but  this  includes  the  sum  of  £253,- 
S40  10».  3d.,  representing  the  proportion  of  discount  on  the  instal- 
ments of  the  new  issue  of  shares  maturing  during  the  half-year, 
and  £48,.52l  invested  in  the  bonds  and  stock  of  the  Wellington 
Grey  and  Bruce  Railway,  under  the  various  agreements,  leaving 
£44,300  expended  for  the  general  purposes  of  the  railway.  This 
latter  sura  includes  £27,554  lor  amounts  expended  in  previous 
half  years,  now  transferred  from  the  balance  sheet.  The  receipts 
and  expenditure  on  revenue  account  for  the  half-year  have  been 
as  follows: 

Gross  receipts  reduced  to  a  gold  basis £411,188 

Working  expenses,  inclading  fdnewals,  rents,  taxes,  and  all  revenue 

charges 392,793 


£17,394 


Interest  on  bonds  and  debenture  stock £38,862 

Lesson  working  leasi'd  linos  19,S88 

Proportion  of  charge  for  depreciation  account 6,600 

foul £125,351 

Deduct  amount  to  cr.  dit  of  general  interest  account 631 

124,669 

£107.275 
Add  deficit  on  January  31,  1873 34,888 

Total £141,563 

(jrand  Rapids  &  Indiana  Railroad. 

(Foi-  the  year  ending  June  30,  1875.) 
At  the  annual  meeting  of  stockholders, held  July  21, 1875,  reso- 
lutions were  passed,  by  the  unanimous  vote  of  19,074  shares  of 
stock  represented,  approving  the  proposition  offered  by  the  Conti- 
nental Improvement  Company  and  Pennsylvania  Railroad  Com- 
pany, and  authorizing  the  i.-«sue  of  $10,000,000  income  bonds,  to 
be  secured  by  mortgage  on  the  road.  The  agreement  proposed 
is  as  follows : 

1.  That  the  Pennsylvania  Railroad  Cotnpiny  shall  purchase  and  hold  the 
guaranteed  interest  coupons  of  the  First  Mortgag*^  Houds  of  the  Grand 
Rapids  and  Indiana  RHllroad  Conpany,  ai  they  mature,  except  such  as  the 
net  earnings  ef  t-ald  railroad  co-npany  shall  be  sufficient  to  meet.  In  consid- 
eration for  which  ihe  Continental  Improvement  Company  will  consent  that 
the  entire  proceeds  of  th'?  land  sales  shall  be  applied  to  the  purchase  of  the 
First  Mortgage  Boudi  of  tlie  Grand  Ripids  aad  lu'liaui  Kailroad  Company,  so 
long  as  they  can  be  purchased  at  not  over  par,  and  to  the  purchase  of  the 
coupons  of  the  Grand  Kapids  and  Indiana  Railroad  Comp  .ny  at  par  in  gold, 
or  their  equivalent  In  currency  at  the  date  of  maturity. 

2.  The  Contlnontai  Improvement  Company  will  consent,  further,  to  the  can- 
cellation of  all  bonds  and  coupons  so  bousht,  and  agree  to  receive  from  the 
Grand  Rapids  and  Indiana  Railroad  Company,  at  par,  the  Income  Bonds  of 
said  Company,  secured  by  mortgage  bearing  7  per  cent,  interest,  to  be  issued 
to  an  amount  not  exceeding  Ten  Millions  of  Dollars,  the  same  t>  be  issued  to 
the  Continental  Improvement  Company,  for  the  currency  valne  of  such  of 
said  bonds  and  coupons  at  the  date  uf  their  purchase  as  may  have  been  pur- 
cha^-od  and  uaid  for  with  tie  proceeds  of  land  sales  and  been  delivered  for 
cancellation,  said  Income  Bonds  to  be  created  and  issued  only  in  redemption 
of  the  First  Mortgage  Bonds  and  Interest  coupons  attached  thereto  of  said 
Grand  Kapids  and  Indlina  Railroad  Company. 

3.  The  Continental  Improvement  Company  to  request  the  Grand  Rapids  and 
Indiana  Railroad  Company  to  issue  the  Inc  >me  Mortgage  Bonds  herein  pro- 
vided for,  and  to  exchange  the  same  on  the  terms  of  this  proposition  for  the 
cancelled  First  Mortgage  Bonds  and  coupons  of  said  railroad  company,  with 
the  view  of  paying  olT  all  of  said  first  mortgage  Indebtedness  and  leaving  their 
entire  property,  after  such  payment,  subject  oniy  to  Income  Bonds,  and  thus 
protect,  in  the  best  manner  po-sible,  the  Interests  of  the  shareholders. 

4.  Said  railroad  company  shall  continue  to  apply  its  net  revenue  to  the  pay- 
ment of  the  interest  coupons  on  Its  First  Mortgage  Bonis,  and  the  arrange- 
ment to  be  entered  into  hereunder  to  continue  until  all  of  the  First  Mortgage 
Bonds  of  the  Grand  Riplds  and  Ind'ana  Rallroid  Comp  my  and  the  coupons 
that  shall  have  matured  shall  be  redeemed  and  delivered  to  the  Grand  Rapids 
and  Indiana  Railroad  Company  for  cancellation. 

The  annual  report  to  June  30,  1875,  states  : 

"On  the  24th  of  May,  1874,  we  began  use  of  the  Potoskey 
Division,  extending  75  miles  north  of  Walton  Junction.  This 
company  owns  332  miles  of  main  line,  controls  the  Cincin- 
nati Richmond  &  Fort  Wayne  Railroad,  90  miles  in  length,  under 
lease,  ami  also  has  operated  the  Traverse  City  Road,  26  miles,  and 
12  miles  of  the  Mansfield  Coldwater  &  Like  Michigan  Railroad, 
being  the  portion  lying  between  Monteith  and  Allegan — a  total  of 
460  miles.  This  report  refers  only  to  the  main  line  between  Fort 
Wayne  and  Petoskey — 332  miles. 


Deduct  calls  Inarrear £1,_  _ 

Proportion  of  discount  on  instalments  received 25-),940 


Prtference  Stock— 
Balance  of  calls  received 

Debenture  Slock— 
On  account  of  remaining  instalments. 


Iiest  Bond  Aeoounl— 
6  per  cent,  bou^s  rti;e  IStlf  November,  1873,  paid  off. , 


£t80,2:j4 

255,763 

£■224,471 

113 

475 

£225.059 

400 

£224,asj 


SARNINOS  AND  EXPENSES. 


1874-5. 


187:3-4. 


Increase.       Decrease. 


Freight $656,981)98  $665,479  22       $ $8,492  26 

Passenger 407,60175  360,026  41  47,575  34            

Malls 31,279  62  26.455  37  4,824  25            

Hlreofcars  24,66172  56,115:11          81,453  59 

Interest  and  renuls 13.714  08  7,367  93  6,406  15           

Miscellaneous 1,654  13  8,8J5  41          7,15128 

Telegraph 6,053  42  5,152  2i  933  19      

Total $1,142,013  68  $1,129.40188  $12,61180 

Operat'g  expenses  &txs.  874,6Sl  65  735.552  05  13S,I-J9  60 


Net $267,332  03       $393,849  83 


$i;6,517  80 

"  Earnings  this  year  per  mile  of  road,  say  332  miles,  are 
$3,439  80.  The  previous  year  they  were  f  4,343  85  per  mile  upon 
260  miles. 

"  The  expenses  per  mile  last  year  were  |2,829  01 ;  the  present 
year  $2,634  58,  a  decrease  of  6  8-10  per  cent. 

"  The  locomotive  mileage  has  been  1,226,805  miles,  against 
1,066,389  miles  last  year,  an  increase  of  15  per  cent. 

"  The  number  of  passengers  carried  has  been  485,507,  against 
456,140  previous  year,  an  increase  of  6  4-10  per  cent.  The  earn- 
ings therefrom  have  increased  $47,575  34,  or  13  210  per  cent. 

"  The  number  of  tons  of  freight  carried  hag  been  387,306,  against 
363,478.  an  increase  of  6  6  10  per  cent.;  the  amount  received 
therelor  has  decreased  1  3-10  per  cent.  The  north  bound  tonnage 
has  been  64,676  tons,  an  increase  of  11  per  cent.  The  number  of 
tons  carried  one  mile  has  been  35,038,892  as  against  30,913,216,  an 
increase  of  18  3-10  percent.  The  average  distance  of  each  ton 
has  been  90  5  10  miles. 

"  The  operating  expenses  have  been  $874,681  65,  an  increase  of 
nearly  19  per  cent.  This  is  due,  in  large  part,  to  the  increase  of 
mileage,  which  was  nearly  28  per  cent.    The  expenses  per  mile 


NoTember  27,  1875.] 


THE   CHRONICLE. 


611 


of  road,  t*  before  shown.  h»Te,  however,  been  6  8-10  per  cent,  less 
than  pTOTioaa  year.  Up  to  December  1  expenses  had  actually 
deereaaed,  and  up  to  Jannary  the  net  rerenue  had  increased 
13  5  10  per  cent.  At  this  latter  period,  however,  the  extraordinary 
teverity  of  the  Winter,  which  was  beyond  all  precedent,  made 
itself  fxlt  in  diminishing  revenue  and  iacreiMin^  expenses,  and 
the  entire  receipts  to  the  first  ot  April  Jell  $18,873  short  of  the 
coat  of  operation. 

"The  stock  remains  as  at  last  report. 

"  By  the  terms  of  your  settlement  with  the  Constraelion  Com- 
p«nv,  for  a  valnable  consideration,  yoa  aasomnd  certain  oblif^ 
tion's.  amoDgat  which  was  one  to  the  Pennsylvania  RallnMd  Com 
pany  f'r  your  coupons  purchased  by  it,  amonntintr  December  1, 
1873.  to  $128,000.  By  purchase  of  coupon  due  January,  1875. 
tbU  has  Ucreased  to,  say,  $280,000,  without  inelndinfr  Interest  or 
premiam  on  gold.  That  company  has  also  agreed  to  pu  rchase 
the  eoapons  due  July  1,  of  this  year,  which  will  add  $140,000.  gold. 
Unless  a  permanent  arrangement  can  be  made,  yon  are  liable,  at 
any  time,  to  the  perils  of  a  foreclosure,  which  ia  only  withheld  by 
the  good  will  of  that  company." 

[Income    bonds  were  sutxieqaently  anthorised   to    meet  this 
emergeaey.] 

•BwsaaL  uxcmn,  jvm  tOra.  UU. 
Cest  of  road.  eqalpaMat.  Ac.  to  Jaoe  tO.  1874. .  .tia,m.lM  » 
Add  cOBStxDcUoa  and  eqalpoMal  iiitmsm,  Jaly        .....  .. 

I,  ISM.  loJiuMin,  ins.... M,*l<  41 

Add  right  of  war.  JalT  ■.  1'74.  u>  Jaa*  an,  ITS. . .         tMSt  »-$IO.M:.6n  74 

AmaaS.*u» from  oOsr  i  IBJ  i  las >**■*!!*  21 

...  11.405  18 

1.)H>*I 

18.198  &T 

a«,Ttt  M 


tMSaai  tt  cash  la  heads  at  payaslsr . 

Stack  eCM|>pltasoakaad 

~       I  bjr  bMSOM  aceoant 


CsplMl 
Ot       ■ 

Vl 

ABtoant  da«  te  othsr  camnaaUs. 

HUlsparahla  

AessMteMaMa .. 

Aaoaat  w  eoapoas  matarad  and  aapalo. . 
MIsrsllMinai  dahUltlss 


tll.8U.t8t  SS 
$1.800  000  00 

-     8.0(0.000  00 

•4.00*  0> 
n4,'N5  9T 

iM,oas  00 

Its 


GENERAL  INVESTMENT 


•li.«ll,l8I  i» 

NEW8. 


A  Chattanooz*.— In  Tuc  CnaosrirLK  of  November 
30  the  atatemeni  that  the  time  of  bondbolders  for  accepting  the 
iarms  of  sale  bad  baeo  axtaaded  to  June  9, 1878,  should  have  been 
priatad  Jannaty  S.  1978. 

Baltimore  *  Oklo.— '<'hls  eempaoy  has  emnpletad  arrange- 
ments with  a  orw  fi>reign  line  of  staamen,  tha  fliM  Teasel  of 
which  will  leave  aia*gow  in  a  few  days.  Tba  vaas«1a  ao  far 
engaged  to  ply  betwi^n  Baltimore  and  IJverpool  are  named 
Lake  Nepitron.  I.ake  Cham  plain,  Lake  Megantic,  and  Lake  Erie. 
Tb«  Lake  Erin  Is  now  billdiag.  Eaeb  ahlp  Is  to  be  ttf  ajOO  tons 
eapuity.  and  built  expressly  for  carryioR  Wvy  eargoaa  of  grain. 
Tba  »aw  line  ia  to  be  know*  aa  tha  Braaeh  Bria  U««.  aad  Is 
owaad  by  tba  Oaaada  Sblppiog  Co«paay  of  Montreal.  Tba  rag- 
«Ur  trip*  will  b«  began  aboal  tba  latter  part  of  Deeambar. 

Bwt4>«  Wat«r  Powpr  CoHywiy.— A  apaeisl  maetlng  of  the 
•tockboldrrs  of  rhe  above-named eorporatlon  waabaM.recaatly.in 
Boatos.  Mr.  W.  B.  Brown  gave  aa  aecoont  of  tba  flnaoeial 
Btalos  of  the  company  since  the  commencement  of  the  fiscal  year, 
April  1,  IS?.?,  and  the  following  rraolntlon  waa  finally  adoptMl  by 
a  st«^  vote  of  21.503  sbarea  In  favor,  to  l/XW  shares  oppoaad. 

Ta«ai.tolaet<asalhaaBab«rorft«prta4arjrafearia  JT  aMIag  ttaaalDoaa 
akaia  1M  nrny  f— r  ibans  aew  wslstsailafc  fa  >s  dsihand  ai«  rada  to  Ita 
amtlftsr or tkana. accofdlag le tba aa^Sir of  starM  asw haMss of  rsesrd. 
Km.  ia.l8nkapaalks*siisaatafMaaadsnpsrsbatasaarba«st«  ihclTib 

of  KOMIMfeCf  ImC 

Ceatral  af  lawa.— Maaara  Raasall  Saga,  N.  A.  Cowdrar  and 
olbera  have  issued  a  circular  to  tha  first  mortgage  boadholdara. 
la  wbleb  tbay  elatm  that  the  raeaat  daeraa  of  aala  la  void  for  eer- 
lala  %tr»iaVr»'  raaanns.  and  inviu  boodholdara  to  ai  ga  a  power  of 
aiioniey  aad  aaad  It  to  N.  A.  Cowdray. 

Ch«r»kee  BallroaA.— The  Unitwl  SUtea  <  irt  at  At 

lanta  has  made  a  decree  of  sale  of  this  road  n  property. 

The  proceeds  of  the  sale,  after  dadueting  th<-  c<>'irv  ruargsi  and 
tba  claim  ot  John  VV.  Wofford  for  $6;9(JU.  with  Interest  from  Jan. 
1,  1873,  are  to  be  applied  to  satisfy  tba  claim  of  llrnry  Clews  A 
Co.  for  $187,481  70,  with  intereat  from  October  .'>,  1S70.  The  prop- 
crtr  eovercd  by  tba  decree  la  tha  road  from  Pryor  Sution,  on  the 
Selma  Rome  4  Dalloa,  45  mile*,  to  Cartersville,  on  the  Waatem  h 
Atlaatie.  Oaly  •$  mllaa  of  the  road,  from  Cartsreville  to  Roek- 
DMri,  are  eonplelad. 

Calaabaa  Chleafa  *  ladlaaa  Ceatral.— The  firat  mortgage 
lwia<hiililaia'  cemalttaa  give  notice  aa  follows  :  ■'  The  delay  In 
abiatali^  tha  aaeaMary  amouat  ot  rigfaaturea  to  the  first  mort- 
gaga  baadhBldaw*  a^iaaoiaal  o<  Feb.  88, 1875,  baa  induced  a  con- 
■Mrabla  aaiatier  oi  sobaeribera  to  withdraw  from  it  and  to  orga- 
'■iaa  ander  a  new  agraeotaat-  As  there  is  no  longer  any  pruba- 
Mllly  of  completing  the  original  agrsemaal,  tlie  committee 
hereby  notify  bondholdere  that  they  withdraw  it  and  consider 
Ibair  (oaciiaias  aa  a  eommlttea  to  bava  terminated.  The  iMods 
aad  sssisaiasnl,  dapoalted  oadar  the  agrsemaal,  will  be  returned 
by  tha  Unioe  Trast  Company,  on  preaoata'.lon  of  the  certlfieatea 
gtvea  therefor." 

The  Qallatln  National  Bank  gives  notice  that  It  will  pnrcbaaa 
at  par  the  following  coupons  on  old  dirisionsl  bonds  of  this  com- 
pany :  ladlaaa  Central  Railway  Company,  coopona  due  July  1, 
1875;  Colombas  ft  lodianapoli*  <'«Dtra<  Itailway  I'omptny  first. 
■Mrtgaga  eoapoaa,  doe  Jnly  1,  1873;  Columbus  &  Indiaaxpolia 
Oatnd  Bail  way  Conpany  second  morigage  coupons,  due  May  1 
iSJi;  Daioo  A  Logasaport  Railroad  Conpaoy  flnt   mortgaga 


coupons,  due  April  1, 1875;  Toledo  Logaosport  and  Burlington 
Kailroad  Company  firat  mortgage  coupons,  due  Aug.  1, 
1375;  Toledo  Lot^ansport  li  Burlington  Kailroad  income  bocds, 
due  Aug.  1,  1875. 

Cincinnati  City  Southern  Railroad  Bonds.— Messrs.  Euhn, 
Loeb  &  Co.,  bankers.  81  Nassau  streel,  have  issued  a  circular  to 
the  holden  of  the  7  310  bonds  of  the  City  of  Cincinnati,  South- 
ern Railroad  issue,  in  which  they  say  : 

"  Tbeae  bonds  were  not  issued,  as  many  Bupposed,  in  aid  of  any 
railroad  enterprise,  but  are  city  boD  da  for  the  constTuction  of  aa 
improvement  owned  by  the  city ;  and  the  decision  of  the  Supreme 
Court  of  Ohio,  just  made,  is,  that  no  special  tax  levy  for  the  pay- 
ment of  the  intereat  on  tbem  need  be  made,  bat  that  the  general 
tax  levy  must  ioclude  the  amount  neceasary  for  the  payment  of 
inter>'St  on  all  bonds,  including  tbeae  alike — the  Court  thus  re- 
aflBrming  the  validity  of  the  bonds  in  question,  placing  them  on 
an  entirely  equal  footing  with  the  other  bonded  indebtedness  of 
the  city." 

Detroit  k  Milwaakee. — The  plan  of  re.organization  pro- 
poaed  by  the  EogliaU  Bondholders'  Committee,  tSter  the  failure  ' 
of  the  Great  Western  Railway  proposal,  ia  still  pending  and  has 
rseelvad  the  assent  of  holders  of  about  $2,000,000  of  bonds,  which 
is  aaarly  one-half  of  tlie  total  amount,  exclusive  of  the  prior 
seetioaal  mortgages.  This  plan  may  not  be  thoroughly  under- 
stood by  parties  here  and  we  give  its  main  provisions  as  follows  : 
The  Railway  should  be  foreclosed  and  sold  under  the  powerp  ot 
the  mortg^agea  to  a  new  Company,  which  should  in  respect 
tberaof  iaaue  the  following  securitlas : 

L  8%0nMMI  8  per  mt.  Eqnipmeat  Mortgage  Bond.  Iiavlns  a  flrat  charea 
apnalaawholeof  ihatailwar  and  eqalpmaoi.    Of  tta^t:.  (43>i.u00  ataoald  be 
~  lolbe  pnaaal  Firat  and  dccuod  Mortcage  Bondhuldira  at  par,  for  cahh 


to  bo  iabacrtb«d  by  Ihcm :  the  proceedn  to  be  applied  tu  r.'|>alr  and  eqnip  thu 
Una,  aad  prorttie  for  re-or(*FlxaUoii  axpenara.  The  remilnder  of  tkoe  bonds 
ara  to  be  appneabis  to  proTlde  t'-r  Ihe  8701,887  of  McUonal  booda  and  thu 
Inicraat  ibareon.  (Mty  tM.OOSJ  aad  to  prorlde  funda  for  tlie  general  porpoaea 
of  tba  Rallwaj. 

t.  lllapropoaad  to  iaaaa  $S,<aO,0ai).  or  thareaboota,  of  1  per  cent.  Conaoli- 
dalad  Martgaf*  Boada.  to  Im  cfven  In  exchange  for  tha  exiatinK  Firat  and 
*  Manga^aad  Faadod  Conpoo  Bondaaipuandloiereal  from  the  .imu 
look  liit*-  Tba  eonaoltdatsJ  mongaga  la  not  to  confer  any  right  to 
aaM  Ike  Sailwajr  onUI  thr<«  jraaia  after  the  re-  rganlaailnn. 

3  Poor  par  eaal  booda.  i»  be  tilled  8tr«ei-Dong<au  Ronda ,  tn  be  created  and 
laaaad  le  a  aoariaal  aaaoaol  rqoal  lo  that  ot  therXial'ng  Imnda  ot  tbeaanio 
aaaa  Tba  boads  lo  be  arcared  by  ■ottgage  of  the  line,  (ubjecl  to  priur 
cbsrgaa,  bat  Ibis  ■octcaga  lo  givj  no  right  to  foreduaure. 

4.  It  Is  prapoaed.  (If  It  aboald  be  foaad  prsctlcabia  to  eonatltale  a  new 


I 


Oaapaajr  aa  aacb  pnaelplee)  that  no  aharea  ahould  be  lataed.  tliai  the  aor 
plus  laasaasa  alter  paying-  lutcrtrat  on  tha  Bonds,  and  making  ptopar  raacma, 
ahaaM  ba  divldad  ^re  m/u  among  the  Consolidated  and  Strcet'Doaj;lasa  Bond- 
boUsra of  Ibe  new  Oompaay,  aad  that  V:*  power  abonid  bavealedln  those 
Boaibaldata  s(  vottsg  at  geoacal  maetlngSk 

Ukt  Snperlor  k  Mianiaalppl. — The  Duluth  TVibune  reports 
that  the  first  morigatre  tx>ndliolder8  will  taki<  pOH'ti^saton  and 
maaagament  of  the  l.tke  Superior  &  Misaiaaippl  Railway  from 
Jaaaary  1. 

N«w  Jersey  k  New  York.— The  earoinga  for  the  qaarter 
ending  October  3',,  1875,  compared  with  the  same  quarter  in  1874, 
ware  aa  follows : 

1WS. 

Aagaat flMTl 

■aaiswbsr is.wa 

Ogabsr:~ 14,814 

tlS,8UI  88 
laoaaaa  over  I8T4 

Wrw  Orteaa*  Mtjr.— The  first  of  the  **  premium  bond"  draw- 
lafs  took  place  November  3,  when  fifty  numbare  wer;  drawn. 
Each  number  drawn  reprraenta  one  hundred  $90  bends,  in  all 
8,000,  boads,  aggregating  $100,000,  which  are  to  be  paid  on  Janu- 
aiT  IS  next,  together  with  six  months'  interest,  so  that  each  bond 
will  call  for  ^!0  50.  There  will  at  that  date  n'so  be  a  drawing 
of  1,100  premiums  made,  which  are  to  be  distributed  among  thu 
holder*  of  the  drawn  bonds. 

Texaa  Graata  t*  SallnNldB.— The  Comptroller  of  Texaa 
reports  to  tba  Conatltnlloaal  Coarention  that  the  State  loaned 
$1318,500  to  various  oompswiea,  and  that  the  Intereat  on  the 
loans  which  had  accroad  up  to  May  1,  1870,  waa  funded.  On  the 
wbula  amonnt  the  companies  are  now  paying  6  per  cent  interest 
and  1  per  cent  for  a  sinking  land.  The  ataounts  loaned  and 
tboaa  BOW  owing  are  aa  follows : 


1874. 

818.018  Si 

11.065  OS 

lf,8M  15 

>«,7«8  48 
S.mM 


*Texaa  Oaatial 

WaiMagloB  Oaaaty    

Oalvlsa  BMrlaberg  *  Ban  Aatoolo, 
~ — ■ —  Tap  *  Braanrla. 


Original  loan. 
.    iSlBO.1 


000 

8t.aoo 

4*0,000 

80>i,apo 

4W.S00 

t..  . wr.ooo 


Now  owtnt, 

8a04.4T«  88 

98.010  88 

868,818  47 


Toula $1,818,800 

The  land  graota  to  variona  roads  are  aa  follows  : 

Baa  Aatealo  a  Mexican  Oalf 

Roaatoa  a  Texaa  Central 

Baaaton  Tap  ft  Braaorla 


M83T1  47 
toaast  80 

8*,0<l<,788  80 


Acrea. 
..     n8.T<0 

4,7ae,tw 

._, .  ,     ..      518,000 

Waablngton'Coaatr 84^,110 

Tasaa  a^  New  Orleans I,n8,M0 

Baat Texas .......•.••••*..  ..........••••.•..••....     887.780 

MaaiBhla  K.  Paao  *  PacilC 881.880 

Soatbara  PBd«e. 888.841) 

TasasAPactAa       1.783,843 

Qal»ss<en  Henataa  *  Haadaraea 811.810 

BsnatOB  A  Onat  Nortbara. •••■  8,811.040 

tBtanadoaal S.m,nj0 

Waao  *  Ifnrtbwastere 481,180 

flalvaatoo  Barrlabnrg  ft  Han  Aatoalo,   I  i  ^mi  uo 

■aOuo  Bayoa  Braaoa  ft  Colorado,  f i.iiw.MO 

ladlaaoU ITH.SH) 

Bask    70.8IM 

GoiaabnaTap 4».t80 

OaU  Wasiani  Tazaa  *  Pacias 801.7*0 

Total 18,094.400 

Tbla  sialamaot  iaolndaa  all  the  Ian<)  for  which  oartlfleatea  kave 
iasaad  {rom  the  State  land  oOloei. 


512 


THE  CHEONICLE. 


tlSorember  27,  1876. 


^I)e  (iTommercial  ^imts. 


(COMMERCIAL  EPITOME. 

Pbidat  Night.  Nov.  26.  1875. 
The  intervention  of  a  close  holiday  (Thanksgiving),  a  decllDg 
in  gold  and  much  rainy  weather,  have  kept  the  volume  of  trad 
within  narrow  limits  daring  the  past  week ;  and  there  are  but 
few  features  of  importance  to  note  in  the  couree  of  our  markets- 
The  near  approach  of  the  close  of  inland  navigation  at  the  North 
and  West,  terminating  the  free  movement  of  bulky  merchandise, 
causes  more  attention  to  be  given  to  their  shipment  than  to  pur- 
chases; while  the  coming  session  of  Congrees,  and  the  uncer- 
tainty which  is  felt  regarding  its  action  upon  matters  affecting 
business  and  finances,  are  also  an  embarrassment  to  trade. 

There  has  been  some  revival  of  speculation  in  hog  products, 
especially  in  lard ;  there  was  naturally  some  reaction  from  the 
comparatively  low  prices  that  were  reached  last  weefe  ;  but  the 
advance  appears  to  have  some  basis  in  the  records  of  swine 
slaughtering  the  present  season.  The  number  slaughtered  to 
November  18,  at  six  towns  of  the  West,  was  only  380,000,  affainst 
505,000  for  the  corresponding  period  of  last  year,  and  .'540,000  the 
year  before.  Mess  pork  advanced  to  $21,  and  lard  to  ISifiVlSJc.  for 
the  early  futures.  In  bacon  and  cut  meats  no  important  advance 
took  place,  but  the  demand  improved.  Beef  was  unchanged. 
Tallow  was  higher,  at  9J(g91c.  Butter  has  been  drooping,  except 
for  choice  qualities,  but  cheese  has  latterly  been  more  active.  To- 
day pork  was  dull  and  nominally  unchanged.  Beef  quiet.  Bicoo 
and  cutmeats  tending  downward.  Lard  was  lower  on  the  spot, 
with  sales  of  prime  steam  at  121(ai25c.,  and  for  the  year  at 
12  13-16c.,  but  more  steady  for  the  later  months,  with  sales  for 
February  at  13  l-lfic.  There  has  latterly  been  a  great  increase  in 
the  number  of  swine  arriving  at  Chicago. 

CofEee  has  improved  in  the  past  week,  notwithstanding  a  con- 
tinued accumulation  of  stocks,  which  of  Rio  amount  to  110,400 
bagshere,  180,000  bags  at  the  Southern  ports,  and  456,400  afloat 
and  loading  for  the  United  States,  with  fair  to  prime  cargoes 
quoted  at  19(<i20c.,  gold.  Receipts  at  the  primary  market  have 
fallen  off.  Other  growths  have  been  more  active  ;  Java,  20@28o., 
and  Marncaibo,  19(a21c.,  gold  ;  stocks,  other  than  Rio,  28,716  bags 
and  40,654  mats.  Rice  has  been  doing  better,  especially  for  Ran- 
goon for  export,  at  $2.60,  gold,  per  100  lbs.  in  bond.  Molasses 
has  been  fairly  active  for  domestic,  which,  under  free  arrivals, 
has  declined  in  price  ;  foreign  has  remained  quiet.  Sugars  have 
been  in  good  demand  for  Raws  at  8@8|c.  for  lair  to  good  refining 
Cuba,  but  refined  has  been  dull  and  standard  crushed  is  reduced 
to  lOjc.    The  movement  in  Raws  has  been  as  follows: 

Hhds.         Boxes.         Bags. 

Receipts  past  week 639 

Sales  past  week 6,^35 

Stock  NoT.24,  187B S9,7tiS 

Stock  N0V.S5,  1874 57,609 

Teas  have  been  quiet,  owing  to  the  firmness  with  which  they 
are  held.  Foreign  fruits  have  favored  buyers,  the  holiday  de- 
mand falling  short  of  anticipations. 

Kentucky  tobacco  has  been  in  moderate  demand,  and  prices  are 
steady  at  7@9-ic.  for  lugs  and  10i@19c.  for  leaf  ;  the  sales  for  the 
week  embraced  700  hhdB.,  of  which  540  for  export  and  160  for 
consumption.  Seed  leaf  has  been  less  active,  but  prices  have 
remained  steady  ;  the  sales  embrace  :  Crop  of  1870,  85  cases 
Connecticut,  at  7c;  crop  of  1872,  15  cases  do.,  at  7c. ;  crop  of  1871, 
38  cases  Ohio,  on  private  terms  ;  crop  of  1873, 57  cases  do.,  at  9ic. ; 
crop  of  1878  and  1874.  300  cases  Connecticut,  at  7@8ic.,  and  100 
cases  Wisconsin  at  6@7o. ;  also  300  cases  sundry  kinds,  at  7(S35c. 
Spanish  tobacco  has  been  active,  with  sales  of  1,000  bales  Havana, 
at  85c(i(f  I  10. 

The  business  in  ocean  freights  has  been  quite  fair,  not  only  for 
berth,  but  also  lor  charter  room  ;  the  ofTerines  of  either  are  not 
large,  and  the  consequence  is  that  rales  are  maintained  with  con- 
siderable firmness.  Late  engagements  and  charters  include : 
Qrain  to  Liverpool,  by  steam,  9Jd.;  provisions,  50@55s.  per  ton  ; 
cotton,  7-16d. ;  grain,  by  sail,  6id.;  flour,  2s.  lOJd.;  hops  to  Lon- 
don, id.  Gram  to  Cork  for  orders,  6s.  6d.  per  quarter ;  do.  to 
Penarth  Roads,  6b.  4^d.  flat;  refined  petroleum  to  London,  5s.; 
case  oil  to  Vigo,  35c.;  tobacco  to  Genoa,  378.  6d.  To-day,  there 
was  a  moderate  business,  but  at  slightly  easier  rates,  for  grain 
berth  room  ;  charter  room  remains  firm.  Grain  to  Liverpool,  by 
steam,  9id.;  do.  to  London,  by  steam,  9id.;  do.  to  Hull,  by  steam, 
9d.;  refined  petroleum  to  London,  58.;  naphtha  to  Bristol  or  Lon- 
don, 59.  3d.;  grain  to  Bristol,  by  sail,  8id.;  grain  to  Cork  for  or- 
ders at  63.  6d. 

In  naval  stores  nothing  of  importance  has  been  done,  and  quo- 
tations have  continued  to  decline,  until,  at  the  close,  spirits 
turpentine  was  quoted  at  38c.,  and  common  to  good  strained  rosin 
at  $1  70@$1  85.  Petroleum,  early  in  the  week,  was  held  up  by 
firmer  Creek  advices,  but  at  the  close  there  was  a  decline,  brought 
about  by  a  continued  dulness;  crude,  in  bulk,  6|@7c.;  refined,  in 
bbis.,  at  12Jc.;  both  for  the  balance  of  this  year's  delivery.  Ingot 
copper  remains  firm,  with  sales  latterly  of  200,000  lbs.  Lake  at 
at  23f@33ic..  cash. 

Linseed  oil  has  been  active  at  the  recent  advance  ;,  sales  45,000 
gallons  at  61c.,  with  a  jobbing  trade  at  6'2@63c.  Crude  fish  oils 
have  been  quiet  and  unchanged.  Hides  have  been  in  good  de. 
mand  ;  dry  California  sold  at  20c.,  gold,  30  days,  dry  Montevideo 
at  lOjo.,  gold,  4  mouths,  and  city  slaughter  ox,  at  9Jc.,  currency. 
Mackerel  are  lower ;  700  bbls.  No.  3  sold  lor  export  at  $9  75@$10 
Clo\?er  seed  is  firmer  at  114@12e.  per  lb.,  and  scarce.  Whiskey  has 
declined  to  $1  16,  tax  paid. 


COTTON. 

Fbidat,  p.  M,  Nov.  86,  1876. 
The  Movembnt  of  the  Crop,  as  indicated  by  our  telegrams 


from  the  South  to-night,  is  given  below.  For  the  week  ending 
this  evening  (November  36)  the  total  receipts  have  reached  183,164 
bales,  against  186,136  bales  last  week,  149,474  bales  the  previous 
week,  and  175,244  bales  three  weeks  since,  making  the  total 
receipts  since  the  Ist  of  September,  1875,  1,433,105  bales,  against 
1 ,280,696  bales  for  the  samo  period  of  1874,  showing  an  increase 
since  Sept.  1,  1875,  of  152,509  bales.  The  details  of  the  receipts 
for  this  week  (as  per  telegraph)  and  for  the  corresponding  weeks 
of  five  previous  years  are  as  follows: 


Receipts  this  week  at— 


New  Orleans 

Mobile 

Charleston 

Port  Royal,  *c. . 

Savannah 

Galveston 

Indianola,  &C... 
Tennessee,  &c. 

Florida 

North  Carolina,. 

Norfolk 

City  Point,  Ac. 


1875. 


Total  this  week.. 


Total  since  Sept.  1.... 


S9,963 
14,834 
19,308 
978 
34,731 
3),9S5 

1.190 

7,' 
«83 

8.1TJ 
34,926 

1,523 


1874. 


1813. 


183,164 


1,4.33,105 


45,6»i 

17,101 

19,933 

1,808 

38.946 

14,019 

3-25 

8,?57 

«67 

4, 

18,856 

1,803 


187-2. 


1871. 


30,381 

11,075| 

17,905! 

S'l 

16,595 

13,806 

483 

6.388 

rrr 

1.863 

15,58* 

610 


39,739 
13.359 

I  11,91) 

39,535 

I  15,981 

4,877 

493 

1,076 

14,446 

1,007 


165,8531    124,384 


83,588 
11,073 

10,904 

31,975 

5,514 

8,436 

839| 

1,923 

10,136 

365 


1870. 


37,101 
13,379 

11,190 

33,664 

6,31-1 

6,959 

833 

3.198 

[  12,771 


134,4291    101,713     118,699 


1,380.5961   988,282' 1.141.43b|    770.3711    91 


The  exports  for  the  week  ending  this  evening  reach  a  total  of 
136,428  bales,  of  which  80,181  were  to  Great  Britain,  13,964  to 
France,  and  43,283  to  rest  of  the  Continent,  while  the  stocks  as 
made  up  this  evening  are  now  580,853  bales.  Below  are  th« 
stocks  and  exports  for  the  week,  and  also  for  the  corresponding 
week  of  last  season: 


Week  ending 
Not.  26. 


4,878 

19,455 

8.280 

6,064 

17,105 

84,3^3 

t6,-285 

81,477 

Melado. 
342 


6,450 


Exported  to 


Qreat 
BrlUin. 


France 


New  Orleans 

Mobile 

Charleston 

Savannah 

Galveston 

New  York 

Other  ports* .... 

Total  this  week 

Total  since  Sept.t 


16,380 
6,432 
9,603 
6,251 
9,873 
16,856 
14,787 

80, '.81 


7,047 
1,751 
2,006 
3,160 


12,964 


Conti- 
nent. 


31,059 

099 
14,157 
4,867 
3,501 


Total 
this 
week. 


Same 
week 

1874. 


44,4S6 
8,183 
12,307 
82,568 
14,740 
19,357 
14,737 

43,383      136,428 


3,470  1183.326  I    686.893 


33,274 
4,2-25 
7,677 
9,576 
13,241 
17,197 
1.548 

85,733 


Stock. 


1875. 


187,932 
38.527 
60,303 
78.835 
88,630 
86,6-25 
40,000 

580,852 


578,441 


1874. 


188.08S 
40,734 
66,017 
89.865 
66.706 
97,441 
65,000 

558,776 


•  The  exporta  ttils  week  nndcr  the  head  of  -'other  ports"  Include  from  Baltimore 
,95  bales  to  Liverpool;  from  Boston  4,171  bales  to  Liverpool;  from  l*hiladelphia 
2,796  Dales  to  Liverpool ;  from  Korfolk  7,fi25  ba  es  to  Liverpool. 

L^"  Our  telegram  from  New  Orleans  to-night  shows  that 
besides  the  above  exports  the  amount  of  cotton  on  shipboard,  and 
engaged  for  shipment  at  that  port,  is  as  follows :  For  Liverpool, 
43,000  bales;  for  Havre,  33,000  bales;  for  Continent,  7,500  bales;  for 
coastwise  ports,  500  bales;  total,  82,000  bales;  which,  if  deducted 
from  the  stock,  would  leave  106,000  bales  representing  the 
quantity  at  the  landing  and  in  presses  unsold  or  awaiting  orders.  ] 

From  the  foregoing  statement  it  will  bo  seen  that,  compared 
with  the  corresponding  week  of  last  season,  there  is  an  increase 
in  the  exports  this  week  of  50,690  bales,  while  the  stocks  to-night 
are  27,076  bales  more  than  they  were  at  this  time  a  year  ago. 
The  following  is  our  u.sual  table  showing  the  movement  of  cotton 
at  all  the  ports  from  Sept.  1  to  Nov.  19,  the  latest  mail  dates: 


BICKIPTS 

EXPORTED  SINCE  SEPT.  1  TO— 

Coast- 

POETS. 

Great 
Britain 

France 

Other 
forei'n 

Total. 

wise 
Ports. 

Stock. 

1875.        1874. 

N.  Orleans. 

291,147 

346,593 

90,765 

44,906 

30,383 

165,9.54 

45,6t0 

168,431 

Mobile  .... 

106,809 

93,979 

21,387 

1,181 

2,124 

84,693 

47,355 

31,796 

Charlcsl'n  * 

179,067 

179,186 

38,055    19,821 

18,330 

66,206 

47,647 

61,580 

Savannah  .. 

234,739 

347,054 

,35,342    13,876 

66,298 

104,016 

60,744 

83,757 

Galveston*. 

179,813 

115,443 

23,437 

a39 

2,413 

26.689 

74,761 

83,976 

New  York.. 

24,979 

32,276 

92,135 

1,883 

35,134 

118,648 

92,353 

Florida 

8,884 

4,218 

.... 

8,884 

N.  Carolina 

36,282 

80,471 

8,434 

.... 

3,434 

27,4-39 

6,817 

Norfolk*.. 

174,580 

158,389 

16,331 

.... 

16,381 

188,878 

23,500 

Other  ports 
Tot.  this  yr. 
Tot.  last  yr. 

15,191 

14,234 

19,030 

5,471 

24,501 

30,700 

1.249,941 

329,916 

80,506 

140,043 

550,465 

446.248 

573,910 

11. 114,743 

411.271 

8S,719 

65.713 

492,708 

431.19-2 

61.1841 

•  Under  tbe  head  of  C'AnW^Alon  is  Included  Fort  Koyai,  «c.;  under  tte  lieaa  of 
Oa;r<M<c;i  is  included  lnaianoia,*c.;  under  the  head  of  XorfoUt  la  Included  Cltr 
Point  *c. 

These  mail  retoms  do  not  correspond  precisely  ^vlth  the  total  of 
th»  telegraphic  figures,  because  in  preparing  them  it  is  always 
necessary  to  Incorporate  every  correction  made  at  the  ports. 


N  Timber  27,  1675.] 


THE   CHUONICaLE' 


518 


The  market  opened  the  week  with  considerable  specaUtire 
buoyancy,  caused  by  the  amaller  receipls  at  the  porta  on  Satur- 
day and  Monday,  which  at  the  same  time  eomewhat  strength' 
eaed  Liverpool.  Quotations  for  spots  were  advanced  l-16c. ,  and 
fataree  improred  about  aa  much  for  all  luouth^j.  Bat  on  Tues- 
Jar  recetptit  wore  excedsiTc,  and  pjld  dfolined  half  a  point :  and 
unJer  these  two  influeocas,  8)>ol8  loet  the  advancts  of  Monday  and 
futures  fell  off  i-32e.  A  quiet  report  fri^m  Liverpool  <>u  Wi-ilnm- 
day  caused  the  market  to  open  weak,  and  at  the  close  spots  were 
marked  down  ^c,  with  early  futures  showing  a  reduction  less 
decided  in  its  character.  To-day,  the  large  receipts  at  the  ports 
yesterday,  and  quiet  accounts  from  Liverpool,  caused  a  dull  open- 
Lag,  but  the  failure  of  a  party  who  wa*  understood  to  be  "short," 
eaaaed  aoae  recovery,  with  the  lator  months  showing  a  slight 
iniproremeut,  to  which  the  smaller  receipts  at  the  purt:<  toilay 
<  ontributed.  After  'Change  there  were  sales  at  l:j  3-16(Sl<t  i  -iii-. 
for  Nov.,  i;l  7-aec.  for  Dec,  18  5  l«c  for  Jan.,  1»  7  Idc.  for  Feb.. 
13|c  for  March,  13  IS-lOc  for  April,  and  li  13  l«c.  for  May.  The 
total  sales  for  forward  delivery  for  the  week  are  09,(00  bales, 

ioeladiiif    free  on  board.      For  Immadiate   delivery   the 

total  m&B  foot   up  this   weak  4.187  balea.  iMlMdlnx  »&>  for 

•Xpert,  S,tM)  (or  coDsumptioD,  889  for  ■paealaUoB.aad  in 

transit.     Of  the  alyive,  900  bales  wen  to  arrive.     The  following 
are  the  closing  quotatioiis: 


Baloir  wgtTo  tho  mim  ol  spot  and  tivaalt  oottoa  aad  pneeof 
WamitU  Ihia  aarkoteaeh  day  of  tho  pMt  wook  : 


lB»t. 


«M4|ir. ... 

TksraMr... 
rrMkT 


Tetat.. 


tm 


iSK 


t.lM 


IT 

M 

TIM 


•tu 


kaglTl 


TeiaL 


4 

t  boll 


U»J 


otm 


^n 


3\«S'-» 


t»»< 

tiii' 


^ 


Sl-uHk"* 


M  »-l< 
tt'ii'ii 


MM. 
Mat. 

I*    »    1 


ijm UH 

Km. ut'-M 


ror  /orwmrd  doUvory  tho  Mloa  (laeladUc  

have  reMkod  dulac  ikoweok  KjM  htim  (all  a 
the  baaU  ot  «ld41lac)>  ***  *>*•  Miaiwimg  U  m 
■alaa  aad  priaaa 

rerII*T«skw.      talM.  aw.  rar 

ii>s.a... 
iSi. 

»:::::•: 
J2»-»— tint 
iJ5.:::::v.Vii»« 

m u  ii-si 

va.::::v..».ia 

IM»«s«sl»ev. 


frao  on  board, 
^•"'"g  or  aa 
of  lb« 


MS U>M> 

1J0» Xtjt 

a*. u»-i« 

«i u  -.Ml 

Ma.V.'.'.V.'un3 

l.l«l. ISllrll 

— ut»»; 

«,MlatBt  Marsh. 

rot  A#iU. 
UM. IS  IMS 

MS las-a 


.1SB4I 

.IS  ll-M 
.lltI-«< 

I«X 

..a  is-u 

:JN  total  A»ra 


rmtur 


UntotalJaas. 

rwJalr. 
■» MH 

For  A«CM(.    ' 

tm. i«n# 

m. lit 

■oieuiai*. 

WMk: 


tut*  total  r«k 
The  followisg  •xohaagos  were  mtde  dnriaf  tko 
» I>«''raib*rfer  KOToakortTm. 
%a  HOTtnkor  (or  D«ew»««  area. 

The  foUowiac  will  show  apot  qaolations  aad  the  eloalag  prtcsi 
bid  for  fnioroa  at  tha  Bereiml  datea  aanad : 


■lODuaa  crLAxso— tHiiiCAa  OL&istFteATios. 


rt^.  tM.  Moo.       TM*.       W««. 

ESirHi::  sL  e-  sS'  SIm  3fa? 

Jaaaar* MM)  Isl-U  H  »-M      U  Ml      UIS 

»s»rMn itlt-U  I9V.<  llU^St     Ull-Jt     Utl-« 


U  It-U 

as-i* 

U  IVI« 

_  li»-« 

Jair  i«»-i» 

A««w< i4»-n 

•llMtpOt —     uis 
ioMolaUn...    li,MI 


as"- 

is? 


t.MH 


19  V.< 

laii-sa 

'♦H 
14  ll-M 

4a 
t»,-ag 


II  ll-U 
U«V 
ISS-M 
II  U-St 
II  l»-U 

u  is-t* 

14  l-U 
14  i-ll 


Tken. 


ISM 
Islt-M 

ui:*i 

M 

njm 
iiJJT 

4.14 


MM 

II 

KM 

in^ 

UM 

4.« 


Sl-14 
H»-l« 
1S»H4 

It  ;-:4 

II  l»  *4 

u  m-u 
itis-M 

I4\< 

KW 

ii^ 
14.910 
IIIK 
4.«l 


Turn  VttiBLe  Sl-pplt  or  Corrox,  aa  made  up  by  cable  and 
telegraph,  la  aa  follows.  The  coatlnaotal  atocka  are  the  figaiai 
of  laat  Saturday,  bat  the  totals  for  Qreat  Britain  and  the  allatit 
for  the  Coatlaent  are  this  week's  returns,  and  eoa.«e<|iiuntly 
brought  down  to  Thorsday  evening:  henoe,  to  make  the  totals  tha 
eomplato  fifftiaa  for  to  night  (Nov.  30),  we  add  the  item  of  export* 
I  tha  United  Stataa,  including  in  it  the  exports  of  Friday  only: 
un.  1*14.         wn. 

lat  Uvssvaal.., MMM        MMH        injnt 

IS*  Leaden «>■«•        UMjm        UMOO        tn^ooo 

Total  Orsal  Brltala  itock M8,ti0 

atBavT* ,...    UI.'UO 

atllsnsUlsa l,m 


un. 


Mi.go» 

wsjro 

•UtOM 

mm 

w,7ao 

M^OOO 

:i,iM 

M,000 

13.000 

1S7}.  1S7I.  is;3. 

stock  at  Barcelona 4T,U30  53.600  SO.iX 

Stock  at  Hamburg „..,....  13,500  18,500  18.000 

Block  at  Breman 81.«S0  31.1S0  J3,00) 

Stock  at  Amsierdam ts,000  61,«50  89,130 

Stock  at  Botterdam U-IBO  18.tS0  13.500 

Stock  at  Antwerp 5,150  5,000  U.iiO 

Stock  at  other  coDtinenUl  port!..  T.KO  30,000  88,000 

Total  eontinental  porU tSI,000  361,000  S06,tS0 


U'.i 
33.000 
81,000 
Si.000 
67,000 
10,000 
31.000 
SS.OO] 

46i,000 


Total Knropean  atocks 011,150  1,001,000  911.250  ],115,00o 

IndiacoUan afloat  for  Baropa....  156.030  154,000  JiU.OOi)  158.030 

Anuricaa  cotton  afloat  for  Knrope  4U.0U)  311,000  149,000  188,000 

Xsrpt.BcaxU,Ac,afloatrorK'rope  61,000  68.000  lO.O'M  83.00} 

Slock  la  United  States  ports 580,891  533,776  tOI,5jl  408,489 

Stock  in  n.  B.  lotolor  ports 85,137  101,501  80,434  76,905 

UaltedStatoaazportatodar 10,030  lt,(X)0  11,00}  10.000 


Total  Tialbleiapplr.    ..  bales.!.  iS8,119       1,»9,?U       1,930,113       3,116,365 
Of  taa  abora,  the  totals  of  Amaricaa  and  other  daserlptloot  ara  as  rollo»« 


Uvsnnei  slock 175,000 

Osatlasilil  stocks 151,000 

Aassriesa  afloat  to  Bnrope 411  000 

Dutad  States  slock 980,851 

nftttsdatataslstartor  stocks 85,137 

OalMatatasrxpocuto4ar- n.OOO 

Total  Amsrieaa balss.l,411,9« 

JW  Adtaa.  BroiU,  Jbe.- 

Ufiaipooi  stock 898,000 

"    "                    «.isa 

101.1110 

rovBarone 158,010 

|g7pt,BraalI,*c  afloat 64,000 

Tstsllast  Ia«la.*c. 
Totsl  Amaricaa , 


ISi.OOO 
131.000 
311.000 
551.rf6 
101,601 
18,000 


71,000 
•6.000 
149,000 
40I,5S1 
80,484 
11.300 

1,113,173         'ji5,0M 


393,000 
1M.900 

t*r,oao 

151,000 
83.000 


401.000 
181,000 
113,180 
10,901 
70.000 


atMu 


9S4.O0O 
1,153,178 


1,015.130 
915,065 


60,000 
61,000 

188,000 

406,480 

73.905 

10,000 

871,365 

310,003 
118,000 

loc^oon 

151.000 
85.000 

1,114.000 
8rt,365 


Total  Tlilbla  lapply. . .  .talss.MB8,t« 
Pries  HMdllBt  Uplaada.  Llvarp-I.    IXd. 


l,iaR,tI8       1.19(1,315       1,116,385 

IhVKi.    SXOSKd.     IKdlOd. 

These  Bgurea  indicate  aa  inertoM  In  the  cotton  in  sight  to-night 

ot  46,M1  bales  as  compared  with  the   same  daie  of  1874,  an 

iaarsMSof  307,934  hales  aa  compared  with  the  corresponding  date 

of  18TJ,  and  an  inenoM  of  141,874  bales  as  coiupjirca  with  187"^. 

At  TBB  liCTKaiOR  Paara  the  movement — that  is  tho  receipts 
aad  ahipmeata  for  the  week  aad  stock  to-night,  and  fur  the 
<iu«iea|Miiidlag  week  of  1874— ia  aat  oat  la  detail  in  the  fullowiog 
aUtemeat: 


^asSL?*- 


Msasa.  Oa 


Qa. 


Total,  old  pasta 

■kiavaB0Tt.U... 
▼lakiaTMiaa.i 

Colambiu.  Itlas. 

Bafaola.  AU 

Atiaala,Oa. 

Ctailetia.  W.  g  . 
at.l<oa>s,lto..  .. 
Ctndaaatl,  O 

Total,  aaw  poits 


Total.  oD. 


Week  tuliat  Kov.  18.  IB». 


■acalpta  flUpneata  Slock. 


7,7a 
•.IM 

Km 

11,485 
1.488 


8.SI1 
l,<7« 


1>I0 
18411 
1.181 


«I.Ut  I 
1M8  I 


l.lTt 

t.8« 


Ktrn 


a.us 

S.8N 

715 
1.900 
!,•»»• 

1,108 

ant 
4.M1 


9i,*ia 


10,417 


7S.K»  I 


Weak  andtiif  Not.  «.  1874. 


IMM 
1.441 
1,1M 

nm 

1,871 

81.717 


81,1*1 
1.M0 

i.7aa 


1617 
L8« 
SIO 
I«,lt8 
5,118 

sTioi 


85,818    117,111         68JM 


Baeslpta  Bklpatenta, Slock. 


9.8n 

8,8m 
1,111 
18.  JH 

i,o« 


MkOn 

8.«18 

}JS 

1.M1 
8.488 
1,«T8 
8,1U 
8.101 


«.« 


8,410 
1,688 

1.101 
4,7S7 
8,989 
M.I86 
l.MS 


tl,MO 
l.Ml 

i,6;8 

1.798 
l,tll 
S,<<78 
l,80« 

4,6«6 
1.589 


19,168 


»1,M8    I46.817 


i;.708 

r.m 

8,407 
S.460 
8,387 
44,183 
8,8)4 


108,60; 

8,103 
1.609 
1,111 
1.WI 
8.717 
1, 116 
19.931 
8.906 

41,813 


The  above  totala  show  that  the  old  interiorstocks  have  inereaied 
daring  the  week  7,355  biOre,  and  are  to-night  16.869  bales  <ms 
than  at  the  same  period  laat  year.  The  receipts  have  been  8,814 
bttlas  Uu  than  the  same  week  last  year. 

Bombay  SaiPM ssra  — Aeeordlag  to  onr  cable  deapatch  received 
lo-ciay,    there  have  been  5,000  bales  shipped  from  Bombay  to 

flrsat  IXiiln  the  past  week,  and balea  to  the  Continent  ; 

while  the  reoaipta  at  Bombay  during  the  aame  time  have  been 
tf.000  bales.  The  movement  since  the  1st  of  January  is  as  follows. 
Theaa  are  the  figutea  of  W.  Nlcol  k  Co.,  of  Bombay,  and  are 
broaght  down  to  Tboraday,  Nov.  18  : 

^•aaipaaau  ibli  waak-,  >-Blilpi&aiitiilaea  Jaa.l-,  >— Itacalpts.— '^ 

Otaal       Coa-  Orcat       Con-  I'tal*         8lBca 

Biltala.  UaaBl.  Total.  Brtuin.  tlDaot.      ToUI.  v^ak.      .loo.  i. 

1873 8,000           ...        8,0J0  188,8e«    484,800  1,117,000  9.000    1.478,000 

IM4 8,010       1,S10      MJOS  tt«ja8    881,000  l.l<)e,000  9,000    1.149,000 

iria 8.000     8,000     tjm    mjm  ia8,«oo    111.000    7.000     v83,c«o 

From  the  foregoing  It  would  appear  that,  compared  with  Iss'. 
year,  there  is  a  lUeretue  of  9,000  bales  this  yesr  in  the  week's 
ahipiBaata  (lom  Bombay  to  Europe,  and  that  the  total  movement 
alBeaJaanary  1  ahows  an  tnereoss  in  shipments  of  19,000  bales 
eomparad  with  the  corresponding  period  of  1874. 

Wkatdxr  REroRTs  BY  TELSORarn. — Uur  reports  to-night 
show  a  very  eunaiderable  rainfall  in  the  South  the  past  week, 
prolonged  through  several  days  and  interfering  at  some  points 
vsry  considerably  with  the  work  of  gathering  in  the  crop.  We 
do  not  laitfn  that  damage  to  any  great  extent  baa  been  done, ' 
though  oar  Mobile  cotraapondent  refer*  to  reports  to  that  effect  - 


614 


IBE  CHRONICLE. 


[November  27,  1875. 


yet  any  interference  with  picking  operations  is  of  course  very- 
undesirable  just  now. 

Galvaton,  Texas. — We  have  had  rain  on  four  days  this  week  ; 
two  days  it  rained  hard  and  two  days  were  showery.  Picking 
lias  been  retarded  somewhat  in  consequence.  The  rainfall  has 
reached  one  inch  and  eighty-four  hundredths,  and  the  ther- 
mometer has  averaged  C9,  the  highest  being  78  and  the  lowest  58 

Indianola,  Texas. — There  have  been  three  showery  days  during 
the  week,  with  a  rainfall  of  seventy  hundredths  of  an  inch.  The 
thermometer  has  averaged  70,  the  highest  being  80  and  the  low. 
est  57. 

Corsicana,  Texas. — There  have  been  showers,  but  of  no  great 
severity,  here  on  three  days  this  week,  the  weather,  however, 
with  that  exception,  being  pleasant  and  generally  warm.  The 
total  rainfall  for  the  week  is  only  sixty-five  hundredths  of  an 
inch,  and  the  thermometer  has  averaged  03,  the  highest  being  84 
and  the  lowest  41. 

Dallas,  Texas.— There  has  been  no  rain  all  the  week,  and  the 
crop  is  being  rapidly  picked.  We  had  frost  on  one  night,  The 
thermometer  has  averaged  66,  the  highest  being  80  and  the  low. 
est  35. 

Jfew  Orleans,  Louisiana.— Uain  fell  here  on  two  days  of  this 
week,  the  rainfall  reaching  ninety- seven  hundredths  of  an  inch 
The  thermometer  has  averaged  70. 

6hreijeport,  Louisiana.— Monday,  Tuesday,  Wednesday,  and 
Thursday  of  the  past  week  were  rainy,  the  rainfall  reaching  one 
inch  and  fifty-five  hundredths.  Itain  is  interfering  with  picking. 
Receipts  continue  large.  Average  .thermometer  60 ,  highest  83 
and  lowest  48. 

Columbus,  Mississippi.— Ou  five  days  of  the  past  week  we  have 
had  rain,  and  the  remaining  two  days  were  cloudy,  the  rainfall 
for  the  week  reaching  two  and  thirty-niue  hundredths  inches. 
Average  thermometer  during  the  week  65,  highest  73  andj  low- 
est 56. 

Little  Roek,  Arkansas. — There  has  been  only  one  clear  day 
during  this  week,  and  on  two  days  we  have  had  rain.  The 
weather  is  bad  for  gathering  the  crop.  Total  rainfall  for  the 
week  two  inches  and  ninety-two  hundredths.  Average  ther- 
mometer 51,  highest  75  and  lowest  37. 

Nashville,  Tennessee. — There  were  three  rainy  days  here  the 
past  week,  the  rainfall  reaching  two  and  forty-seven  hundredthfi 
inches.  The  thermometer  has  averaged  52,  the  highest  being  63 
and  the  lowest  42. 

Memphis,  Tennessee. — We  had  two  rainy  days  during  the  week, 
the  rainfall  reaching  two  and  seventy-one  hundredths  inches, 
and  this  morning  there  was  a  heavy  rain  and  wind  storm,  which, 
if  it  proves  to  have  been  general,  will  cause  much  damage.  The 
rest  of  the  week  has  been  cloudy.  Average  thermometer  during 
the  week  52,  liigbest  01  and  lowest  44. 

Mobile,  Alabama. — The  weather  the  past  week  has  been  warm, 
sultry  and  wet.  There  were  three  rainy  days,  the  rainfall  reach- 
ing twenty-five  hundredths  of  an  inch.  Tliey  are  having  too 
much  rain  in  the  interior  ;  picking  has  been  interfered  with,  and 
it  is  reported  that  much  damage  has  been  done  the  crop  in  somes 
sections.     Average  thermometer  67,  highest  70  and  lowest  58. 

Montgomery,  Alabama, — There  were  three  rainy  days  bere  the 
past  week,  and  it  is  showery  to-day.  Picking,  however,  is  making 
good  progress  and  the  crop  is  being  seat  to  market  freely.  The 
thermometer  has  averaged  during  the  week  63,  the  highest  being 
79  and  the  lowest  49.  Hainfall  for  the  week  thirty-nine  hun- 
dredths of  an  inch. 

Selma,  Alabam,a. — There  were  two  rainy  days  here  the  past 
week,  the  rainfall  reaching  one  inch  and  three  hundredths.  The 
thermometer  has  averaged  65. 

Madison,  Florida. — We  have  had  rain  on  one  day,  the  latter 
part  of  the  week,  the  rainfall  reaching  twenty-one  hundredths 
of  an  inch.  The  early  part  of  tlie  week  was  clear  and  pleasant. 
The  thermometer  has  averaged  68  ;  highest  78,  lowest  58. 

Macon,  Georgia. — Rain  fell  here  on  one  day  of  this  week.  The 
thermometer  has  averaged  57,  the  highest  being  78  and  the  low- 
est 86. 

Atlanta,  Georgia. — It  was  showery  on  two  days  of  this  week, 
the  rest  of  the  week  being  pleasant.  The  rainfall  has  reached 
seventy-seven  hundredths  of  an  inch.  The  thermometer  has 
averaged  50,  the  extremes  being  36  and  77. 

Columbus,  Georgia. — We  have  had  showery  weather  on  two 
days  of  the  week  past,  the  rainfall  reaching  twenty-three  hun- 
dredths of  an  inch.  I'he  thermometer  has  averaged  58,  the 
highest  being  76  and  the  lowest  46. 

tiavannah,  Georgia. — There  has  been  no  rain  here  all  the  past 
week.  The  days  have  been  warm  and  the  nights  cold.  The 
thermometer  has  averaged  63,  the  highest  being  82  and  the 
lowest  31. 

Augusta,  Georgia. — It  was  showery  on  three  days,  the  latter 
part  of  the  week,  the  earlier  part  being  clear  and  pleasant;  the 
rainfall  reaching  a  total  of  sixty-eight  hundredths  of  an  inch. 
Planters  are  sending  the  crop  to  market  freely.  Average  ther- 
mometer 59  ;  highest  80  and  lowest  45. 

Charleston,  South  Carolina. — The  weather  has  been  warm,  sultry 
aud  wet  all  the  week,  tlie  rainfall  reaching  one  inch  and  thirty- 
two  hundredths.  The  thermometer  has  averaged  02,  the  highest 
being  77  and  the  lowest  48. 

The  following  statement  we  have  also  received  by  telegraph 
ehowiBg  the  height  of  the  rivers  at  the  points  named  at  3  o'clock 


Nov.  25.     We  give  last  year's  figures  (Nov.  27, 1874)  for  com- 
parison. 

^NoT.  25,  '75-,  ^Nov.  87,  '74.-, 

Feet.       Inch.  Feet  Inch. 

New  Orleans. .Below  high-water  rasrlt IS             6  15  6 

Memphis Above  low-wstcr  mark 11              0  5  1 

Nashville Above  low-water  mark 14              9  19  9 

Shrcvcport Above  low-water  mark 6              1  6  10 

Vickeburi{....Above  low-water  mark 14             2  5  6 

New  Orleans  reported  below  high-water  mark  of  1871  until 
Sept.  9,  1874,  when  the  zero  of  gauge  was  changed  to  high-water 
mark  of  April  15  and  16,  1874,  which  is  0-lOlhs  of  a  foot  above 
1871,  or  16  feet  above  low- water  mark  at  that  point. 

Gunny  Bags,  Bagging,  &c.— Bagging  has  ruled  dull  during 
the  past  week,  and  but  few  lots  have  been  disposed  of.  sales 
being  chiefly  confined  to  jobbing  parcels  for  consumption,  at 
12|(al3^.,  the  market  closing  easy  at  these  quotations.  Bales 
have  ruled  dull  for  India,  and  prices  are  nominal  at  9i@9ic. 
Borneo  is  not  in  stock.  Bags  are  quiet  and  unchanged,  prices 
being  held  at  18c.  for  440's.  Butts  have  been  in  moderate  re- 
quest for  spot  lots,  and,  with  the  stock  reduced  to  1,000  bales, 
prices  rule  firmer,  and  holders  are  asking  3i@8io-.  To  arrive, 
sales  have  been  made  of  parcels  amounting  in  all  to  4,000  bales, 
at  2J@2  13-16c.  currency  for  distant  ;  near-at-hand  parcels  have 
sold  at  2J@3  l-16c.,  currency,  and  2^c.,  gold,  the  market  closing 
firm  at  these  figures. 

Cotton  Crop  Estim.wes. — We  are  in  receipt  of  numerous  in- 
quiries with  regard  to  our  opinion  of  the  crop  estimates  we  have 
published  of  the  Agricultural  Bureau  and  Cotton  Exchange. 
Some  of  our  readers  appear  to  criticise  unfavorably  what  they 
call  our  silence,  apparently  thinking  they  are  entitled  to  our 
opinion.  Perhaps  they  are  entitled  to  it ;  at  all  events  so  far  as 
we  have  one,  it  has  been  freely  given  to  them  by  our  correspond- 
ents, Jrom  week  to  week,  in  our  weather  report.  If  any  reader 
will  study  our  telegrams  constantly,  we  cannot  think  he  will  get 
far  astray  ;  and  we  propose  to  increase  the  number  of  points  re- 
ported the  coming  crop  season,  we  like  the  system  so  much  and 
have  sucli  confidence  in  it.  As  to  saying  just  how  many  bales  of 
oatton  will  be  sent  to  market  from  each  State,  this  year,  they  have 
not,  of  coarse,  done  so,  and  for  the  very  good  reason,  probably, 
that  they  do  not  know.  They  have,  however,  in  their  weekly 
record  of  growth  and  weather,  given  such  data  as  will  enable  one 
to  make  as  good  an  estimate  of  the  yield  as  is  possible  at  the 
present  time.  And  on  this  poiilt,  we  are  to-day  in  receipt  of  a  let- 
ter from  an  esteemed  friend  and  correspondent  in  Georgia  (we 
will  not  locate  him  as  he  did  not  write  for  publication)  who  ex- 
presses our  view  fully  and  gives  an  illustration  with  facts  which 
make  it  very  forcible.  In  speaking  of  the  necessary  defects 
in  exact  estimates  made  now,  he  writes :  "  The  crop,  at  present, 
"  can  only  be  estimated  on  general  principles,  not  on  what  people 
"  write  as  to  the  precise  yield.  On  my  own  plantation,  70  bales 
"  have  been  housed,  and  yet  the  gentleman  who  rents  from  me 
"and  who  is  unusually  intelligent,  and  a  planter  of  30  years' 
"  experience,  cannot  say,  now,  whether  the  crop  will  be  90  bales 
"or  110  bales.  Nor  can  the  overseer.  They  say  it  depends  on 
"whether  the  unopened  but  matured  bolls  shall  open.  If  two  men 
"  cannot  come  within  20  per  cent,  of  a  crop  they  see  daily,  and  of 
"which  three-quarters  are  gathered,  how  absurd  to  guess  at  the 
"crop  of  the  State  or  country,  except  on  broad  principles  of  acre- 
"  age,  stand  and  seasons."  We  think  our  friend  could  not  have 
spoken  more  to  the  point  if  he  had  written  a  volume.  One  other 
fact,  in  the  same  connection,  it  would  be  well  to  remember,  aud 
that  is  that  nearly  all  the  cotton  section  below  33°,  and  in  a  por- 
tion of  that  above,  the  plant  is  still  (or  at  least  was  last  Friday — 
we  have  not  yet  received  our  telegrams  to-day)  vigorously  growing. 

Overland  Movement  to  October  31. — Through  the  kind- 
ness of  Samuel  H.  Buck,  Secretary  of  the  National  Cotton 
Exchange  at  New  Orleans,  we  have  received  their  statement  of 
the  overland  movement,  made  up  to  October  31,  which  is  as 
follows : 

From  \si  of  September  to  Close  qf  October,  1875. 

Shipped  from  St.  Lonis 16,669 

Carried  North  across  Mlssisiippi  River  at  Hannibal 3,5i4 

Carried  North  from  Grand  Tower  and  Carbondale none. 

Carried  North  from  Cairo  via  Cairo  &  Vincennes  RR ,  !;,337 

Carried  North  from  Cairo  via  Llinois  Central  Railroad 516 

Carried  North  from  Evansvllle  via  Evansville  &  Crawfordsvilla 

Railroad 86 

Carried  North  from  Louisville  via  Ohio  &,  Mi?8.  Railroad 15,931 

Carried  North  from  Lonisville  via  Jeff.,  Mad.  &  Ind.  Railroad. .  S6,316 

Carried  North  from  Lonisville  via  L.  C.  &  Lex.  Railroad 1,539' 

Receipts  at  Cincinnati  by  river 3,979 

Shipped  to  mills  adjacent  to  river,  not  incladed  above 615 

Total 71,322 

Less  dedactions. 

Shipped  from  St.  Louis  to  Lonisville 7 

Shipped  from  New  Orleans  to  Louisville 530 

Shipped  from  Mobile  to  Louisville , 3,658—4,1 

Total  overland  f ot  September  and  October 67  1-27 

Deduct  overland  receipts  at  New  York,  Boston,  Providence,  Philadel- 
phia and  Baltimore,  and  shipments  to  points  in  Canada,  for  Septem- 
ber and  October  S0,372 

46,';55 
Shipments  direct  to  mills  according  to  statements  of  railroads  crossing 

Ohio  and  Mipsissippi  Rivers,  etc.,  for  September  and  October 32,653 

Leavioff  in  transit  overland  to  Eastern  delivery  ports,  close  Oct.,  1875. .  14,108 
It  will  be  remembered  that  the  total  given  for  September  was 
12,204  bales,  against  a  total  now  for  September  and  October  of 
67,127  bales,  showing  the  October  movement  to  have  been 
54,928  bales. 


NoTember  27,  IS75.J 


THE   CHRONICLE. 


515 


ECKOPKAN  Sl'nrXKRs'  TjUCIJJGS.— We  propose  hereafter,  as 
often  as  ooce  a  month,  to  fiive  a  statement  in  detail  of  European 
takings  for  consamption.  The  Continental  fisrurea  given  below  are 
made  up  from  the  Ter;  complete  and  elaborate  tables  of  Messrs. 
Ellison  &  <'o.,  bat  the  stateiuents  fjr  Liverpool  tnd  Loodoo  are 
mainlj  prepared  from  the  oScial  figures  of  the  Cotton  Brokers' 
Associations  of  those  cities.  The  form  we  have  thrown  these  facta 
into  is  the  usual  one  in  thiscoontrr,  which  is  so  simple  each  reader 
can  sasilj  understand  the  movement.  For  instance,  the  spinners' 
takings  are  found  by  sHdini;  the  total  net  imports  (that  is,  the 
imports  less  tbs  exports)  to  the  stock  nn  the  first  of  last  January 
and  dedneting  from  that  toul  the  present  stock. 

■lUWTBAJi  ■OTBanT  rsoa  jam.  1,  U75,  to  mot.  *,  1975. 


Stock, 
iJaa.  1,'n 


CORnHKRT. 


Bnun 
MaiU 


Total  OoBtlseat 
TUTAL  KDROPB. 


tli,79) 


tMLin 


M4.TM 

IMtl 
I.MI 

101.680 


l,OM.«M 


Fraa  Jaa.  1  to  Xor.  4, 187S 


Imparts  Bzpon*   Import* 
Total      Actaal.       N«l. 


1.473.TM 

tt*jm 

IMM 


Imports 
dl<«c<. 

tJ.. 


l.«H.tM 


iao,»i 
tTjm 
T.n« 


401,410 

T.1M 
U1.TU 


17S,«r 


Imparts 
iDdlract. 

ia,ao; 

•7,911 

JJt 


t.tmMi 


UJKO 

V 


B4.ia 


Import*. 
l»,tlO 

tmjut 

t4,IM 


stock,  iSpln'er.- 
NOT.4.  <»klnK. 

NoT.4,'T5 


«0I,«80 

4MS0 
lUlO 


11.MI 

i,rm 


1.4<ia.8Si 

iK,au 

4M.StlO 
Xui,T47 


•«.l5i 


Stoeir,   8pla'«r*' 
Hot.  I.  itaklnga. 


t«7.IRS 


UMM 


an.in 

ai4,7«5l  s,<>n.«il  r4,n»  ijm,6» 

„.l  4.Ml.m|l.0»4.1Ml  iMKMi 


SS«,4«1 

injas 
ioa.sM 

mnjin 


*  A  eesal  at  stock  at  Loadaa.  Aacut  tl.  sbowad  tk*  astliMtad  slock  to 
nMMmi  oaoos  kaJ«».  Tkat  Is  l*  ist,  Beabaj  «Ba«,4at  betas  too  lar 
tWns  I JBliatss  lae Isnm. IkaaU  HMt kales  loo  Ism, sad  other  dsMT 
-      -      J-      -     .-        ,1^  Urn  splw  - 

tot  umbv  vroffi 


i*io?p-' 
laklag*  from 


Msdns  I JOI  tatss  tag  Isnm. 
tloas  UUt  ISO  asall.  Has 
tsodaa  we  !•*•,  of  eearss. 

It  should  be  stated  that  the  ConlloeDtal  flfurva  are  only  in 
Not.  1,  so  that  the  toul  takings,  4,<M8335  bales,  include  for  the 
(^ntloeot  only  43  weeks,  aad  for  Orsst  Brllala  44  weeks,  and 
bare,  therefore,  areraged  per  week  W.088  for  Oreal  BrtUio  and 
45,803  lor  tbe  Continent,  or  a  tocal  for  Europe  of  101.401  bales. 

Pmmuan  aUD  Ajitb  Wab  Pricu.— We  Bod  the  following  In 
Us  19lh  ot  Novsmbsr  U^wpool  Oretilw  of  W.  C.  Watts  *  Co. : 
Ws  observe  ihM  Iks  Mm  Tbnt  JlMH«al  OrmtUt,  la  It*  Ima*  at  toib 
BllfaM,aars  "■HMklmenalaad  sea*  sarptto  kss  sssa  «xpnsssd'-*i  tk« 
■Wlsmmls.  oa  Ikt*  sablsel,  w»s>sln«<l  la  oar  rmert  asdsr  data  of  1st  altlao. 
■afarrlat  lo  Ifeat  fwori  ll  wUI  be  asaa  we  aUlad.  brlsdr  <hal  tbe  dastUca- 
iMa  or  tmsrifsa  ceitaa  ia  this  market  Is  vary  dMmat  now  fraa  wktt  It  was 
before  tbe  Aaarlcaa  war;  that  what  was  tkea  riaiiid  *•  -fair**  weald  aoe 
dsa*  aboat  ■■  geod  mlMUaK."  sad  what  we*  thsa  ■  ■dddllac  "  aoald  aew  be 
clasMd  ■*  sirlci  imd  erdlaarf  to  lew  aMdHac."  la  evld«Me  of  ttil*  we  dUd 
tbe  (Set  thai  ■•  adrMnm  Mr' WM  BOW  the  kIghMl  ffMs  qaslsd  h«e,  whcrwa. 
th—.  »»sf  b«i>srtrid*s  we qnetod.  The esMdMsiile which  we  toaM  wm 
•pot  prlsM 


t-m.  tower  thaa  the 


ST*r»n  at  the  Ive  rasrs  pressdlsf  ths  tmsrlran  war. 

W«  have  ihl*  wtak  tenkid  smts  eteeelj  lato  the  matter,  sad  wea'd  (all 
altssiloa  to  ths  f»lowtaR  table  •howtac  the  vuteas  mdes  of  Amtrlcaa 
Dplsad*  faoted.  sad  the  avsr^ie  valaa-azprasMd  la  deJmsl*  M  each  crsde 
ferthediefesra  MM  00  iaclastvei  This  table  we  ba>*  esrsTallj  eosapUed 
tlea  the  wesMy  sfaralafa  of  Meaars.  Oeenie  Bolt  *  Oa  We  Ittve  selectad 
their <smlsw>imsii  Olif  havsfarilihil  ths  hs«b.  net  sslj ef  the  asaaai 
tlioiihfi ed the UveraealOsttea  •rsksn'  Assedaltoa, bslaf 
"  OsMsB  ~  f*  MsO^nsslfs  rw*rTlal  DkUsMiy." 

laforlsrto   Low  Mid.  to  Oo^ 

Oj.  Oedlaair.  Mid.  ralr.  Pair.  Pair. 

HM....90Tta»«  ftObtotet  OMinOOb  OTIIoOOS  OMIotOI 
noT....B10taT-(l  7  4dtol*l  Oaou>*«  SMioOW  OMIofM 
ItOd...  4'00la<  07  *-1Qlnl\»  -.nuttta  TtttolO  T'40to1-«0 
tSN....4«4leO'M  •MtoTIS  TfTtoTM  7  41ta7ftl  7  0tt>T« 
l«00....«  MtoOM    OiOlnOOO    TOOtoTlt    T'lOtoTM    TIOIaT'H 


'  the  srtlde  oa 


ich^r. 

•  as 

1-7» 

•  0» 

•  M 

«  SI 


Av.l7re4IOtoO*4    («6lo7-10    Tttla7  10    7SUT47    10lta7-«T    CM 


yatf*  wa*  •  (Od.  par  lb.  If  we  take  prteaecBnect  to-day.  as  par  oar  asMatloaa 
abon,  aad  make  the  saaa  eakalaMea,  we  dad  the  avaraae  press  cl  Oplaadc 
lobeealrO  More  IM.  p*r  lb.:  aaart7*-Md-  below  the  avar^e  ef  thadra 
Tears  baf  ere  the  war. 

Prsm  the  above  table  ItwOt  be  aeea  aellher  "Mlddllsf"  aor  "rood 
MIddilaK"  art  qaotad,  there  belag  no  lat*isi*dlsls  oaelsHoas  between  ■Oow 
Mlddllet"  aad  "MMdllM  Ihlr.-'  Parthar,  that  the  mde  of  •lair*'  occapM 
tha  eratfalaealttaw-waa  the  rallac  grade  -the  tjeasals  ef  the  marliat- Joii  aa 
*^lddllmr7le  at  is  as  is  I.  We  have  axaad-  ed  a  asaber  of  drcalsr*  l<ea«d 
by  sihsrBrehara  hariksad  tad  that  ama;  of  ihrm  did,  ae  far  hack  aa  lass, 


sssTSI  aad  »«psr»lsl«a,"  bat  we  sappoee  It  fally  cMmi  br  lani 
— iMsiry  ler  tlaslsg  and  la  ike  method  of  calttvaUoa.  Bal 
mtfjmi  —teat  has  eartslsly  bees  welt  sapplled.  darlag  tke  peat 
OMteatlatWBSSiaestBarfest:  that  le,  the  eeior  was  aaexMSI 
as  fne  sMMst  ss  poaalMe  fMss  Iaaf.da8t,  *c   It  Is  totfesr  aald,^ 


proper  parallel  iwtween  the  dtaaific  alien  of  Brazil;,  gnrata  and  other  iorta  of 
C<>c:oo  at  Liverpool  and  ihat  of  American,"  and  that  thif>  la  made  apparent  by 
"the  fact  Ihat  'Kood  fair'  Surats  are  no  higher  in  grade,  ao  eauSlished  by 
cleanllneaa  and  color,  than  '  low  mlddline^  American."  We  aoawer  that 
there  never  was  de!<i^ed  to  be  anch  a  parallel.  Tbe  term  '  fair,"  as  originslly 
naed,  waa  Intended  to  repreaout  a  /mr  tntragt  jve/i/y  of  a  certain  growth; 
and  tbla  la,  now.  rerr  nearly  ita  elgnlllcatioo  aa  rcgarda  every  sort  of  Coitou 
that  oomea  to  thia  market  excepting  American.  In  point  of  "color  and  clean- 
llneaa" whit  U  now  clasaed  as  "fair"  Dhollerah  does  not  come  up  to  "  good 
ordinary"  American. 

LnrKHPOOL,  Nov.  36.-4  P.M.— By  Cablk  piiom  LrvKRPOOL.— 
The  market  has  ruled  qui>-t  and  steady  to-day.  Sales  of  the  dsy 
wers  10,000  bales,  of  which  2,0C0  bales  were  for  export  and 
speculation.  Of  to-day's  sales  6,000  bales  were  American.  The 
weekly  movment  is  given  aa  tollows  : 
„,..,.  ,.  ,  ,        Nov.  5.        Nov.  1«.        Nor.  19.      Nov.  S6. 

Sales  of  the  week bales.    58.000  61,000  C9,000  58,000 

Forwarded 5,000  6,000  8,000  7,000 

of  which  exporters  took. 7,000  7,000  7,0UO  6  030 

of  which  speculators  took. 4,000  6,0CO  S,000  4000 

Total  atock SM.000  666.000  546.000.        0.^000 

of  which  American WS,000  195,000  173,000  175,000 

Toul  Import  ollhe  week. 71.000  5I.0OO  8V000  49.000 

of  which  American. n,00i)  19,000  17.000  34000 

Aetaalaxport ..    10,000  7,000  10,000  7,000 

Aaoantadost 113,000  ia).oaO  383,000  !ia6,00a 

or  which  American 93.000  14i,000  181.000  116,000 

The  foUowlna  table  wtll  ahow  the  daily  dosing  prices  of  cotton  for  the  week: 
^Bo<.         Bator.       Mon.  Taea.       Wednea.      Tbora.  Pri. 

Mid.aprds..  •*»«  ,  •.««x     ■.o«x     .a&H     ..mH     ..aex 

doOrraa..  ..of  S-16  ..a.7  6-16  ..®7  3-16  ,.07  3-16  ..07  »-:6  ..&>  3-16 

SaniBSiaT'— Dec.-Jan.  shipment  from  Bar.  or  Chaa.,  Low  Mid.  daaie,  by 

sail.  If  required.  6  Il.|6d. 
MomsT.— ilov.-Ure.  •oiproent  from  Sar.  or  Cba*.,  Low  Mid.  dense,  by  aail. 
IfrMBlred.  6  !3-l8d. 
Jaa.-^b.  shipment  from  Sav.  or  Cba*.,  Low  Mid.  dense,  bv  aalL  If 

reqalrsd,  6.t{d. 
Peb.-Ms>co  shipment  from  Sar.  or  Cbas.,  Low  Mid.  clanae,  by  sail.  If 

leosirad,  6  IS-IU. 
Mardi-Aprll  drllre-y  f  om  Sav.  rr  Chaa..  Low  Mid.  danae,  6'id. 
rrasDAT.— IfoT.-Drc.  shipmant  from  Sar.  nr  Cba*..  Low  Mid.  dauae,  6  IS  16(1. 
J8a.-Peb.  ahlpmeot  from  Sar.  or  Chaa,,  Lew  Mid.  dauae,  by  aalL  If 

reqalred.  SKd. 
Peta.-March  dellTef y  Arom  Sav.  or  Chaa..  Low  Mid  dao'e,  6  lS-I6d. 
WsoxBSDAT.— NoT.-Dec.   shipmeat   from  Sav.  or  Chaa.,  Low  Mid.  daote 
by  aail.  If  reqalred.  syd. 
Kov.  deHrerifrom  Sav.  or  Chss..  Low  Mid.  claoae,  6  lS-16d. 
Jau.-Pab.  delivery  ttam  Sav.  or  Chaa,  Low  Mid.  daase,  OKd. 
Pelk-March  dallvary  from  Sav.  or  Chaa  ,  Low  Mil.  canse,  6J(d. 
Dec -Jaa.  ahlpmeat  from  Naw  Orleana,  Low  Mid.  clanae,  by  aail,  if 

reqalred,  •  lS-16d. 
Jaa.-Peb.  shlpoMat  fhim  Sav.  or  Cha*.,  Low  Mid.  claoae,  by  •ail.  If 

required.  •  ia-l6d. 
Peb^-Marth  shipment  from  Sav.  or  Cba*.,  I,ow  Mid.  clause,  by  salL  It 
reqalred.  Cirt. 
TamsOAT.— Oct-NoT.  ahlpmrnt  from  Sav.  or  (^a*.,  Ixiw  Mid.  dense,  6\'d. 
Oec-Jaa.  delivery  from  8«v.  ur  Cues.,  Low  Mid.  clanae,  SKd.  bid. 
Mov.  dallvary  from  Sav.  or  tnia*..  Low  Mid.  clause,  •  U'16d. 
Dec -Jaa.  dcllTary  from  Sav.  or  Chaa.,  Low  Mid.  tiaase,  6kd. 
PaiDAT.— Not.  delWsry  from  Sav.  or  C»iaa.,  Low  Mid.  claoae,  6  ll-l«d. 
Dec. -Jan.  dellTrrr  from  Sa*.  or  Chaa..  Low  Mid.  elaoae,  6Xd. 
Marab-Aprll  dalirery  frna  Sav.  or  (Aaa.,  Low  Mid.  danae.  6  18-16d. 
Sov.-Dec  shlpmaat  freai  Naw  Ortean*,  Lew  Mid.  dauae,  by  sal),  if 

required.  (Md. 
Dec-Jan.  aUpsseat  from  New  Otiaaos,  Low  Mid.  danse.  bv  sail    if 
nqalrsd.  (^d. 
Trk  Expokts  op  Cottom  from  New  York,  this  week,  show  an 
ineraaas,  as  oomparsd  with  last  week,  tbe  toUi  reaching  19,857 
bales,  against  16,917  bales  last  week.     Below  we  jriva  our  usual 
Ubie  shoving  the  exports  of  cotton  from  New  ToA.  and  their 
direction,  tor  each  of  the  last  four  weeks;  also  the  total  exports 
and  dirsctfoa  since  t^i.  1,  1875;  and  in  tlio  last  column  tlie  total 
for  tbs  Mms  period  of  the  prerlona  year. 
■«»oW •! O— >♦■( fctsM t*»m  Wssp  VorkaliieaSsM.ls  lats 


Otfesr  art  Ush  Peru 

T«tol  to  at.  Brllala 

Barre 

Other  PrsDch  poru 

total  Praask 


aad  Haaever... 

Uambarg 

Other  poru 

Total  to  N.  Baropo. 

■salBjOportoA  Q^rml  t*iM€ 

Total  tpala,  dcs... 
Craad  Total 


waaa  saoisa 


Mov. 

A 

1.444 
11,771 


7M 

t,«M 


4,«tS 


Nov. 


U.«8I 


i,tn 

LOOD 
SOP 

t,7Jt 


n.m  1  31, on 


Nov. 
17. 


14,1«8 


I4,l« 


1.000 

ni 

474 


Nov, 
M. 


ICBSt 


Total 

to 
date. 


IMta 


1,011 
I.W 


MOI 


lt,»17  I  >9,W 


107.547 
1,444 


losni 

LM 


io,»« 

7.016 

»,ns 


tT,m 


aeo 


t37,l>W 


SSOM 

period 

prev'tu 

year. 


117,448 


117,443 
1,781 

l,*St 

6,760 

>,MS 

60U 


17,t8S 
10 

ia 

m,4M 


The  following  are  tbe  receipta  ol  eotton  at  Naw  Tork,  Boston, 
Plillsdelphia  and  Baltimore  for  the  last  week,  and  since  Sept.  1,  '70. 


Raw  Orleaas, 


Plerlda 

B'tb  Carolina 
Vth  Carolina 

trinlBU 

Hartt'ra  Poru 
Ttaaaaass,  Ac 
Psralca.... 

Total  this  year 

Tetallastysar, 


66,4U 


mii,ADai,r'ii  '  baltuou. 


This  I  Since 
week.  SepUl. 


4W 


1,081 


1.550 


1.744 


6,807 


t,536 


11,KS 


17,4 


This   Since 


week. 


no 

1,156 
J,1S6 


IIS 


4,777 


S,148 


BepLl. 


«.»M 

t,W7 

7,lnl 

i3,5ag 


46,110 
4U4r 


516 


THE  CHUONICLE. 


[November  27,  UTS. 


Shipping  News. — The  exports  of  cotton  from  the  United 
States  the  past  week,  as  per  laiett  mail  returns,  hare  reached 
110,809  bales.  So  far  as  the  Southern  ports  are  coucerncd,  these 
are  the  same  exports  reported  by  telegraph,  and  published  in 
The  Chronicle  last  Friday.  With  regard  to  New  York,  we 
include  the  manifests  of  all  vessels  cleared  up  to  Wednesday 
night  of  this  week.  Total  bale* 

K»w  York— To  Liverpool,    per   steamers   Bothnia,    l,b95 Ncviida, 

8,339.... Eyypi,  I,84«... .CUv  of  Brooklvn.  6l9....BritUulc,  ii,3S3 

...  per  ships  Carrier  Dove,  4,M3. . .  .Emerald  Isle,  J,S«)  (estinvited)  16,SM 

To  Bremen,  per  steamer  Mosel,  l.OSl 1,081 

To  Hamburg,  per  steamer  Siievia,  1.430 1,480 

Nrw  Orlbans— To  Liverpool,  per  ships  Marcla  Qreenloaf,  4,250 

Virginia,  3,650  ...per  bark  Lino.  1,693 8,593 

To  Havre,  per  ships  Saranak,  5,083 ....  Crescent  City,  8,894. ...par 

schooner  John  II.  Kranz,  S.SIU 8,V83 

To  Rouen,  per  brig  Wavcrly.  l.ntK)  1,060 

To  Bremen,  per  bark  Oxford,  2.966  ..  .per  brig  Rhone,  733 3,699 

To  llamburg,  per  Btcamcr  Royal  Stindard,  8,071 8.071 

Mobile— To  Liverpool,  per  ship  Touawanda,  4,6i5 4,635 

To  Cork,  for  orders,  per  schoonar  John  C.  Sweeney,  1,41S 1,415 

To  Barcelona,  per  brig  Caraqueni,  581  381 

Cbarlsstcin— To  Liverpool,  per  steamer  Muriel,  8,505  Upland  and  334 
Sea  Island  ..  per  ship  Arlington  2,700  Upland  and  11  Sea  Island 

per  bark  Maury,  1,500  Upland  6,950 

To  Havre,  per  ship  Acadian,  3,611  Upland  and  91  Sea  Island per 

brig  Stella,  1,45(J  Upland 4,152 

To  Barcelona,  pur  bark  Oawaldo,  484  Upland per  brig  Arragante 

Emilio.  tSJ  Upland 1,104 

Satannaq— To  Liverpool,  per  steamer  Tiber,  4,441  Upland per  ships 

Hampton  Court,  3,411  Lpland Union,  3,326Upland per  bark 

Mary  G.  Reed,  1,805  Upland 12,683 

ToOrirasby,  per  steimer  Koln,  4,470  Upland 4,470 

T.)  Havre,  per  bark  llattie  Goudey,  2,820  Upland 2,820 

To  Bremen,  per  steamer  Hector,  5.205  Upland  ...  per  bark  Travel- 
ler, 2,790  Lipland      7,995 

To  Amsterdam,  per  bark  Freeman  Dennis,  2,850  Upland 2,850 

To  Barcelona,  per  bark  r  ama,  950  Upland. . . .  per  brig  Aneellta,  570 

Upland.....  ' 1,630 

Texas— To  Liverpool,  per  bark  Bdward  McDowell,  2,786 2,785 

KoBFOLK— To  Liverpool,  per  ship  City  of  Boston,  3,573. ...per  barks 

Albion,  1,458  ...Milo,  2,440.... Be^'sio  Parker,  2,500 9,97! 

Baltimore— To  Bremen,  per  steamer  Braunschweig,  655 655 

Boston — To  Liverpool,  per  steamer  China,  3.50 350 

PuiLADELPHiA— To  Liverpool,  per  steamer  Illinois,  620 610 

Total 110.809 

The  particulars  of  these  ghipments,  arranged  in  our  usual  form, 
are  as  follows : 

Liver-  Orime-  Bre-  Uam-  Barce- 

pool.      by.    Cork.  Havre.  Kouen. men.  burg.   lona.  Total. 

New  Tork 16,856 1,021    1,480 

New  Orleans 9,593      8,783    1,060    8,699    3,071 

Mobile...  4,6!5      1,415      

Charleston 6,950      4,152     

Savannah 12,6a3    4,470     ....    S,830     ...,    7,995     .... 

Texas 2,785      

Norfolk 9,971      

Baltimore 655      .... 

Boston 350     

Philadelphia 620      .  .        

ToUl 64,433    4,470    1,415  15,755    1,060  13.370    4,551 

Included  in  the  above  totals  are,  from  Savannah,  2,850  bales  to  Amsterdam. 

Below  we  give  all  news  received  to  date  of  disasters,  &c.,  to 
vessels  carrying  cotton  from  United  States  ports  : 
AxBBicA,  8tr.,  from  Savannah  for  Baltimore,  which  was  towed  into  Charleston, 
Nov  14,  with  shaft  broken  by  steamer  Hunt*ville,  has  been  libelled  by 
the  owners  of  the  latter  vessel  in  a  salvage  claim  of  {10,000. 
AxBBiQiTE  str.  (Fr.),  Captain  Pouzols,  from  New  York  Nov.  13  for  Havre,  was 
fallen  in  with  on  the  2l8t,  in  lat  49,  Ion  20,  with  mala  shaft  broken. 
Thiiteen  cabin  passengers  and  tlie  mails  were  taken  off  by  steamer 
China,  from  Boston,  and    landed  at  Queenstown   A.  M.  of  23d.    The 
Amerique  proceeded  under  sail. 
Cotton  freights  the  past  week  have  been  as  follows  : 


19,5.57 

26,206 

281 

6,321 

1  1(14 

12,206 

1,520 

32..338 

2,785 

9,971 

655 

350 

620 

2,905  110,309 

BREAD  STUFFS. 

FaiDAT,  p.  M..  November  26,  18';5 

The  flour  maiktt  has  been  dull,  with  prices  drooping  the  past 
week.  Low  and  medium  grades  have  given  way  most,  but  the 
better  graiies  have  shared  iu  the  decline.  At  the  Mame  time,  no 
material  reduction  can  be  made  iu  qaotations.  Trade  has  been 
sluggish  and  prices  weak  in  the  absence  of  demand,  except  on 
one  day,  when  there  was  a  good  trade  for  the  West  ladies  and 
South  America.  Receipts  are  large,  and  stocks  have  accumu- 
lated. The  depression  in  wheat,  and  firmness  in  ocean  freights, 
have  been  weakening  influences.  Corn  meal  has  been  firm  and 
active.  Today,  at  some  further  decline,  there  was  a  more  general 
business. 

Wheat  has  also  been  dull  and  drooping,  but,  as  in  flour,  no 
important  or  general  decline  can  be  quoted.  Bids  have  been 
reduced,  and  have  been  met  to  some  extent  by  holders,  but  on 
the  whole  the  stock  has  been  held  above  the  views  of  buyers, 
whether  for  export  or  millers.  Receipts  have  been  large  at  all 
points,  and  the  visible  supply  now  shows  the  unprecedented 
accumulation  of  over  sixteen  million  bushels.  To-day,  the  market 
was  very  dull,  and  the  poorer  qualities  lower. 

Indian  Corn  has  latterly  met  with  a  speculative  demand,  and 
prices  have  advanced.  Stocks  are  small  and  receipts  not  exces- 
sive, and  from  these  circumstances  higher  prices  seem  to  be  an- 
ticipated. Still,  receipts  of  new  corn  are  increasing,  from  the 
South  as  well  as  the  West,  and  the  quality  of  the  same  is  im- 
proving— so  much  so  that  some  of  it,  kiln-dried,  has  been  taken 
lor  shipment.  To-day,  there  was  a  brisk  export  movement  in 
prime  old  mixed,  at  76Jc,  afloat,  with  new  mixed  going  a', 
e6@72c. 

Rye  has  met  with  a  dull  trade,  and  prices  have  been  drooping 
and  unsettled.  Barley  has  been  selling  briskly  at  $1  12  for  No.  2 
Bay,  |1  10@$1  12  for  prime  four-rowed  State,  and  80(285c.  for  infe. 
lior  two-rowed  State.  Barley  malt  has  been  dull  and  drooping. 
Canada  peas  have  been  less  active,  but  prices  firm  at  |1  C7@$l  08^ 
in  bond. 

OatB,  early  in  the  week,  met  with  a  speculative  demand,  upon 
which  No.  3  mixed  advanced  to  4"@18c.,  but  this  subsiding,  with 
a  dull  trade,  the  market  subsequently  showed  weakness.  To- 
day, the  market  was  more  active,  at  a  slight  reduction,  with  sales 
of  No.  3  <  !hicagD  at  45c.  and  No.  3  do.  at  47io. 
The  following  are  closing  quotations : 


r 

Liverpool. , 

, — Havre ,  , Bremen. 

(^Hamburg — . 

Steam. 

SaU. 

Steam.  Sail.     Steam.      Sail. 

Steam.    Sail. 

d. 

d. 

c.        c.            c.           c. 

c.          c. 

Saturday. . . 

..©7-16 

..®5-16 

..®J<        .         1  comp. 

1  comp.    .. 

Monday... . 

..@7-16 

@>-16 

..®J<        ..        1  comp. 

1  comp.    .. 

Tuesday... 

..@7-l« 

..©5-16 

..0;<        ..        1  comp. 

1  comp.     .. 

Wednesday 

..®7-I6 

.  .@5-16 

..@Ji        ..       1  comp. 

1  comp.     . 

Thursday.. 

Friday.  ... 

..®7-16 

.  ®5-16 

.-®7i       ..       1  comp. 

1  comp.    .. 

Market  steady. 

EOROPBAN  Cotton  Markets. — In  reference  to  these  markets 
our  correspondent  in  London,  writing  under  the  date  of  Nov. 
13,  1875,  states: 

Liverpool,  Nov.  11.— The  following  are  iho  prices  of  Ameri- 
can cotton  compared  with  those  of  last  year:     ^Same  date  1874 , 

Bea  Island.  16 
Florida  do.  \iyi 
Ord. 

Opland 6)i 

Mobile.   ...  6)i 

Texas 6)i 

N.  Orleans.  6J< 


-Ord.&Mld-^r-Fr.&G.Pr.^  ^G.&Fine-^ 


17>^ 
16X 
0.0. 

6?.' 

«?i 

6X 


19 

17X 

L.M. 

by. 


20 
18 
Mid. 

6K 


6  13  16  7  i-16 
6  13-16  7  3-16 


32  30 

19  31 

Q.M.    Mid.F. 
7  1-16    1% 
1  1-16    7?i 

IX      n% 
the 


Fair.  Good. 

26 

20 

M.F 


Since  the  commencement  of    tbe  year 
speculation  and  for  export  have  been  : 


Mid. 

18  21 

16X       "X 
Mid.      U.M 
7  11-16  1% 
IH.         8 

8"8-16    '&% 
transactions 


Gbain. 

Wheat— No.3sprlng,ba8h.tl  ]2a  1  23 

jlo.  2sprlLi; 1  S5(i  1  32 

No.  1  spring 1  35®  1  40 

Red  Western 1  ma  I  80 

Amber  do 1  35®  1  45 

White 1  40®  1  50 

Corn-Western  mixed  ...        75^      77 

White  Western 77® 

Yellow  Western 77® 

Eye Sa 

Oats— Black ® 

Mixed 40® 

White    47® 

Barley— Western @  .... 

Canada  West 1  00©  1  25 

State 80®  1  12 

Peas— Canada 1  07®  1  25 


80 
78 
92 

'48 
52 


8X 


.— Actnalexp.from       Actual 
Liv.,  Hnll  k  other  cxp'tfrom 


FloItb.  I 

No.» «  bM.|3  75®  4  25 

Saperflne  State  &,  West- 
ern   4  75®  5  10  I 

Bxtra  State,  &c 6  35©  5  60  j 

Western  Spring   Wheat  I 

extras 6  25.'3  5  65 

do  XX  and  XXX 5  75®  6  75 

do  winter  wheat  X  and 

XX 5  40®  6  25 

City  shipping  extras..  ..  5  50®  6  OJ 

City    trade  and  family 

brands.   ., 6  25®  7  75 

Southern  bakers' and  fa- 
mily Brands. 7  00®  8  25 

Southern  shipp'g  extras. .  5  51^®  6  75 

Rye  flour,  snperflne 5  00®  5  40 

Cornmeal— Western,  Ac.  3  25®  3  75 

OOTD  meal— Br'wine.  Ac.  3  95®  4  00 

The  movement  in  breadstuSsat  this  market  has  been  as  fol- 
lows : 

/-—BEOEIPTBAT  NEW  YORK. 

, 1875. .        Since 

For  the  Since  Jan. 
week.  Jan.l.  1,  !?74. 
Flonr,  bblf.  129.078  3,421,678  3.610,758 
C.  meal, ".  2,414  114.882  159,124 
Wheat,  bae.1.497, 176  30,525,234  39,776,900 
Corn.  "  .  327,045  21,078,204  28,035,513 
Bye.  "  .  8.613  255,355  577,844 
Barley.  "  .  506,868  4,0*1,074  2,393,983 
OSts...."  .     5,53,815    9,745,206  10,129,402 

The  following  tables  show  the  Qraln  in  eight  and  the  move- 
ment of  Breadstuffa  to  the  latest  mail  dates. 

BBGBIFTB  AT  LAKK  AND  RIVKR  PORTS  FOR  THB  WEEK  ENDING 
NOV.  20,  1875,  AND  FROM   AUGUST   1   TO   NOV.  20  : 


»-Taken  on  spec,  to  this  date—,      outports  to  date—, 


1875. 

1874. 

1878. 

1875. 

1874. 

bales. 

bales. 

bales. 

bales. 

bales. 

American 

....197.870 

177,120 

175,-230 

182,514 

92,875 

Brazilian. 

....     5.680 

19.460 

12,750 

27,621 

34.214 

Bi;yptlan, 
W.  India, 

Ac.  15,060 

15,870 

12,240 

8,090 

11,114 

Ac.    1,980 

2,670 

2.160 

15,942 

11.980 

K.  India 

4o.  88,730 

91,860 

80.600 

224,6.33 

256,705 

Total,.. 


,  .309,8;0         306,980 


403,700 


406,823 


U.K. in 
1874. 
bales. 

105,130 
39.980 
12,470 
25,1X10 

501,000 

583,580 


283,9?0 
The  following  statement  shows  the  sales  for  the  week  and 
year  up  toThurfdiy  evening  last: 

sales,  etc.,  of  ALL  DEBOBIFTIOKI. 

. Sales  this  week ,      ToUl       Same 

Sx-  Specula-  this  period 
port  tion.  Total.  year.  1874. 
1,«60      29,890  1,555.570 1,769,.540 


Trade. 

Amcdcan.. bales  80,620  1,090 

Brazilian 4,980  500 

Egyptian 7,340  40 

Bmyrna  &  Greek  I ,  ,,„  ,.,„ 

Wcstlndian....)'-""  ^'^ 

Bast  Indian 11,390  5,600 


Average 
weekly  8ale[». 

1875.      1874. 


-EXTOBTS  TBOX  KEW  YORK. , 

, 1874. , 

For  the      Since 

week.      Jan.  1. 

34,967    1,970,789 

1,414        161.428 

394,693  3J,9 16,704 

17.%787  17,817.M2 

16,9;2       611.651 

3.000 

1,36-4       117,409 


-1875. 

For  the     Since 

week.     Jan.  1. 

36,605    1,702,729 

2,950       102,147 

427,716  24,456,632 

73,973  12,268.003 

159,952 

no 

6,312       127,993 


Flour, 
bbls. 
At-  (196  lbs.) 

Chicago «-.—     43,775 

Milwaukee 4.5.130 

Toledo 1,667 

Detroit 13,165 

Cleveland '3,175 

St.  Louis 28,374 

Peoria 2,620 

Duluth *3,200 


Wheat, 

bush. 

(60  lbs.) 

696,148 

972.893 

113,800 

111,012 

21,950 

151,759 

10.520 

39,775 


Com, 

bush. 

(56  lbs.) 

288,754 

18,310 

126,083 

13,104 

3.500 

85,678 

109,960 


Oats, 
bush. 
(3J  lbs.) 
289,767 
30,420 
18,032 
17,-383 
14,650 
4.5.691 
66,760 


Barley,        Eye , 
bush.        bush. 
(■■!8  lbs.)  (56  lbs.) 
"■  ~69       16,3.11 


29,203 

23,'63'9 

S0",465 
18,050 


2,140 
300 


0,4:3 
13,464 


Total 141,156 

Previonsweek 151.' 


770 


8,960 


5.170 
7,000 

1    L890 
30,510 


892,370 
220,910 
1,810 
86.800 
791,690 


32,040 
8,S30 
4,430 


440,060 
266.570 
3,690  1 
92,610  f 
907,900    11,280 


1,440 


31,460 
8.4-0 
5,590 

1,530 

11,870 


Total, 


55,900     7,350     5,970     04,280  3,019,150  8,479,770  07,470  81,920 


1,907.880 
2,151,579 
Oorre8p'ngweek,'74.    135,814    1,366.404 
^'  '78.    121,800    1,176.149 

"  '72.    117.961       797.211 

"  "ll      120.964        7.39,982 

"  '70.     148,307     1,344.664 

ToUl  Aug.  1  todate  ,1,770,4J8  33,0^0,675  16,754,589  13,535,:i79  3,673.776  1,089,615 

Same  time  1874 1.954,425  30,078,717  15,761,628  10.407,3i2  3,2*3,039     533.797 

Same  time  1873 2,040,720  Si,558,555  24,664,376  10,441,517  2,992,385     830,865 

Same  time  1872 1,963,980  26,885,461  25,189,993  10,137,608  5,416,849     879,183 

*  Sstimated, 


645,288 
693,204 

708,570 
415,640 
781,881 
1,413,900 
580,9(2 


432,756 
687,676 
306,432 
8)8,710 
348,306 
323,.527 
348,511 


13S.135 
506,902 
187,177 
149,322 
2t2,i'39 
131,523 
113,131 


S9.0r.8 
60,320 
25,741 
2\830 
57.577 
44,8i9 
36,993 


i 


November  zT,  1S75.1 


THE  CHRONICLE 


517 


SHiPifE.vrs  or  Fu>VR  and  Orais  from  l»k«  ports  for  th*  p«8t 
four  wefks  Uk'l  trom  Jaa.  1  (o  Nor.  30,  iDclaaive,  for  four  yet  n : 

Floor,     Whe»»,        Corn,       0»;t,       Bir  »j,        R»«. 
l>bl>         bMh,         hn«h.       b«>k.       hn>h         b  >t. 

Not.  irti-i i«T.««  t.ix)»,«oo     ;ia.39)     sn.Tti     gi.'tu     is.sii 

Hot.  M.  15. np,»s    !!•«  9C5       gre.TIO       T«.»»l     181  •»»       SS.WS 

No*.    CT} l«t.4M    f,MII.8.F     l.1«^&«       «a,Stl        «t.«B8        SI, 140 

ocLSi. '7s.     ..         ur.on  t.rvt,Mo  Liara.  u     aR«n     **,»!     **,)gt 

J>D.l  lodsle 4.!tl«.»»M,T>t.«6  «i.4-4.M»  1fl,1U,iiCSt.<«,a'3     W.>.«n 

■•Be  Ub«  IVM &;W:.«M  tS.^al,aS«  4i.Mn.xM  l>,044.»M  t.7«\i«:s  t.<«>,SM 

suietia*  i«n s.Toa.441  u.aM,«(T  «s.8ir.na  «o,gM,4a  t,7%,«-«  ijn«,ss 

•uM  ub*  mm «,t8s,iiii  n,$m.m  m,au,n3  ta,<ni,TM  s,«i9.sn  1,143,414 

■■onrr*  op  ruouK  akoormh  jlt  ■■a.boakd  ports  roR  rni 

W«B«  KVDIHe  HOT.  30.  1875.  AMD  FROV  JAX.   1  TO  NOV.  20  ; 


Al- 
KmrTotk 


flow.    Wheat, 


Portlaad 

MnoMol 

BelUaore 

R««Ori«*ao 

T(M 


ao.no 
*t.tm 


tr,«N 


i,9aB,sai 

7.IT0 

i»t,an 


Ooni, 

biuh. 
41T.94S 

Sim 
t*,«)e 

l*(.ir« 

1I.4U 


OaU, 
boib. 

MH.ie 
;4.«ts 
(.out 

tai* 


IIJW 


BKiey. 
biieh. 

S.4S0 

•.4n 

xijm 


bs*b 
1,»I6 


3,000 
IJOO 


IROIMS    I.M1,3W      T(n.««      ns,4»      BKIll  n.in 

«7,n8    1,«7U«I       UMOS       a*«,IM       MTJta  tl,410 

Oor.  »wk'74..     ...    tll.»4    I.ITt.in       CTI  TO      tll.MI       417.*n  *CMt 

ToUJJeo.  liodMe.B.CAS<<t  4*aM,a«)B1J16.4mM>«.««    S,l><t,«W  4B,«:^ 

■mm  Ua*  MM J,6lllt»l  n,n4,l«S  4T.T»i.lST  1HM»,*«  MST.CM  W  4*4 

■aiMtiaeimi amlms  4s.>>M8n  4S.»ii,nt  «ivmoi.»m  (.obh.om  tjm,T** 

■■Mttaoten. MSMU >t.0M3:s aMtLou  »iT«).on  4,ui,tn   4M;.5tJ 

Tri  ViaiBl.B  BcrPLT  or  QRAtM,  IneludlDfr  the  atookl  Id 
gnanj  at  ii.o  prioeipal  point*  of  aceamalation  at  lake  anH 
■■■board  i>oru.  Id  traoslt  OB  th*  lakca,  tJie  New  Tork  canal*  and 
by  raJI,  Not.  20. 1875 : 

Wkeal,      Con,         Data,      BarUr,      Kjt, 
baak.       ba«k.        kaek.        bMh.     kMfe. 

la  etorr  at  If ew  Twk 4.M«JM      WAMi      Ht.*  •      aUt*    Mr,aM 

latum  at  Albaar    KM*         ■,«•■        ai,ai«      MMM     «.••» 

ta  etof  e  at  BoOdo^ t.lM.m      «n,an      ■•■.IM      mMI     tl.WI 

to etora tt Cblcafo* l,tn.<M      KX'M      Mr.4^4      •l«,«4    1MTI4 


Id  etora  at  Mllwaak*** 

In  nan  at  Oalaib. 

In  etora  el  Tolado 

Ib  etora  at  Detroit  

la  etora  at  netrafo*. . . . 
In  etora  at  St.  Loala . .. 
(n  etora  at  Peoria*  . . . 

laetaeoaiBoala* 

la  etora MTotoale.  ... 
iBMavaaiMoairaal,.  .  . 
la  et*ra  t  TMH Iriikli*. 

laetonr'  ~ 

UkotW 

Ball  eblpmeaia 

Oa  5r«  T'.rk  caaab KtVilOdt 


(M.m 

ti.ns 
im.i4* 

■H.M1 

ion,  OOP 

17,40 
>.1H 


<i,tas      «,«■     !«,»<• 


ITS 


t(i,<oa 
fr,Ma 
r>,aos 

4I.1I« 

t>:,ni 


IU.1*> 

(n.aoo 


MLtM 
MT.4« 
MkOil 


IT. 

tnjn 

MM 

HlOIO 

M>,OfO 

7.*M 


14*       t.»«4 


MlOOC 

n.0H 

M.IOD 


MB.*«I 


«R,a 


;i.4i( 


laoo 

T,e«e 

U,*4I 


IMLOaO     4ia,«0     IBMM     i*.t'e 


ToUl 

Ko».  n.  lOTO... 
Mot  «.  UN... 

•■rttBate4. 


IO.OM,«0    4.I1UU    l.1Mk«0T    MOUn    4I8.1M 

.  i4Jat,ic»  4.VM.000  tjn.110  i,i«.tis  4(«.rs 
.MumjH  itm.«n  taoMO  t,on.««  1ST.1M 


THE  DaY  O00D3  TRADB. 

ratOAT.  r.  M..  Hot.  la,  int. 

Tho  rceurmice  of  TbankaKlrinK  Dajr  baa  bad  a  depmalag  In- 
flaeoce  opoo  btuint  m  tbi*  «e«k,  wbicb  wa*  liitbt  >■>  tbo  mggttgutt 
•mooDt.  Little  lorprlae  wa*  caaaed  by  ibe  failure  ol  Means 
Wallace  k  «.*o..  New  Orlraa*.  with  liabllitiea  of  $750,000,  as  the 
tbe  8rm  had  not  bean  eoasidered  •lrr>oc  for  a  long  lime  past. 
Tlie  iDoet  ImporUat  •real  waa  aa  aaetion  aale  of  1,000  piMoa 
Oalnet'*  black  Ljroas  litk*  wbicb  were  e!oo«d  out  at  aaiiafaetory 
prices  oa  the  average,  aad  for  tbe  tioie  >f  year  Ibe  tale  wa*  a 
isarked  niceea*.  Priat*  eoaliooed  oasettled  and  tbe  PariBo 
fancies  were  redneed  to  ?{&,  al  wbicb  fi|rar«s  tbe  wbole  liae  waa 
Inmediatrly  di*tribat*<)  to  tbs  trade.  No  (artber  traaaaeUoei  la 
eottoD  Kood*  for  eiportbava  iraasplrsd,  bat  ablptacnU  on  aceonat 
of  prevlooa  order*  bar*  bsaa  made  to  a  fair  amoint.  Clotbler* 
fl«m  tbs  Isadlof;  maaaiaelarlng  cities  eoaliaaid  (beir  opsratioes 
I*  woolsa  goods  adapted  to  Ibe  early  spring  tradr,  aad,  la  •oaie 
ease*,  tbrir  pcrebaaes  of  eaasimeres,  Ac,  were  qaite  liberal. 

DoKEsnc  COTTOW  QoODS.— Tbe  package  trade  ba*  been 
reftrlalsd  to  eoMparatWely  small  lot*  of  tbs  most  stable  labrics. 
•part  fn4a  brown  ibeetlntrs  and  cotton  flaoasls,  wbicb  were  di*. 
tribaltd  In  liberal  qaaoiitle*.  Brown  abesting*  bad  an  opward 
lo<ik,  and  nearly  all  makes  of  Allantlca ai* bold  "at  Tala>,"  wbil<< 
Continental  C  baa  been  adraitced  by  agsata  to  6^  Blaaebad 
ebirtlnipi  wrre  aotlaeably  qnlrt,  and  it  is  gsasraliy  tbooght  a 
farber  drcUas  la  seme  make*  will  be  wlto«ssad  before  tbe  ezis'- 
fUg  aceamalation*  caa  be  closed  oat,  aad  eoastdeiable  |.iu  of 
■»tWam  gradss  bare  lately  been  placed  "on  msmoraadum"  with 
jobben  of  tbia  aad  otbsr  cities.  Const  Jeaas  and  laiireas  were  In 
t^dy  reqaset  for  the  reiMwa]  of  aasortment*,  bat  no  large  sales 
Iran-fl'fil.  Colorrd  ciltotis  of  sH  dnrrlptino*  were  pxceedingly 
quirt  In  Si^t  handr,  and  Jobbers  sales  were  Hgbt  and  nnimportant. 
B-illsd  JaaoBata  and  glased  cambric*  moved  slowly,  and  tberswa-i 
tittle  Mag  la  grain  I  ags,  cnttoa  baits,  carpet  warps  or  domestic 
twio«*.  Print  clotl.s  were  more  aetlre,  bat  prices  ebowed  do  Im- 
proTpment,  and  transact  ion*  wrre  mads  on  tbe  basis  of  4%r,  cash 
#10  day •,  to  4ie.,  80000  days,  for  ataadard  (Ma.  Print*  raled  qal<-t, 
ncspt  tbsaswtst  plald  iBsct*.  wbleb  were  Uken  in   moderate 


amoanis  for  tbe  boliJay  trade.  Shirting  prints  were  less  active 
tban  expected,  althoagh  some  fair  deliveries'of  special  styles  were 
made  to  rhlrt  miinuracturi  rs.  Gingbaras  and  plaid  cotton  dress 
gXKis  were  in  good  >lemand  for  tbe  time  of  year,  and  agents 
received  some  fair  orders  (or  spring  cotton  hosiery  to  be  delivered 
hereaftsr. 

DoMUmc  WoOLEK  QoODS.— The  traffic  in  heavy  weight 
woolens  has  been  rather  slow,  although  a  fair  distribution  of 
overcoatings  was  eflected,  and  worsted  coatings  were  in  demand 
for  small  assorted  lot*.  Repellents  and  eloakings  met  with  fair 
sale^,  and  the  sapply  of  popalar  makes  is  quite  moderate.  Cloths 
and  doeskin*  continued  very  quiet  with  both  agents  and  cloth 
jobbers,  and  there  was  only  a  limited  demand  for  tatiuets.  Ken. 
tacky  jeans  were  more  active,  and  a  few  large  lots  were  closed  out 
by  agents  at  a  slight  concussion  from  former  holding  rates.  Flan- 
nels and  blanketa  were  in  steady  request,  bat  selections  were 
chit  fly  made  in  single  piukage  lot*  required  for  the  *apply  of  im- 
mediate wants.  For  the  spring  trade  there  was  a  fair  movement 
on  the  part  of  elo'hlers,  who  i:iade  liberal  selection*  ol  low  and 
mediam  grade  fancy  casaimere*  and  light  wonted  coating*,  most 
of  wbicb  wars  taken  for  the  Western  markets.  Dress  goods  were 
less  actlTS,  and  shawls  oontinaed  dull  In  agents'  handa.  Several 
large  Hoes  of  worsted  reversible  shawl*  were  closed  out  at  aac. 
tioD,  where  they  realised  onremonerative  prices,  and  sach  was  the 
case  with  felt  skirts.  Cardigan  jackets,  nubias  and  fancy  knit 
goods  were  in  steady  demand,  but  shirt*  and  drawer*,  woo] 
hosiery  aad  fancy  hoelery  moved  alowly. 

FoRKlOB  Dbt  Goods. — Tbi*  has  been  a  very  doll  week  in 
imported  good*,  which  have  been  diatribated  in  comparatively 
•mall  amonnta,  and  tbe  holiday  demand  has  not  fulfilled  expee- 
tation*.  The  ancUon  *a1e  of  Goiaet'i  silks,  alluded  to  above, 
was  a  geanine  success,  and  a  aale  of  black  merino  and  caihmera 
•bawl*,  of  tbe  importation  of  Mossr*.  C.  A.  Aaftmordt  &  Co.,  pro- 
duced *atlsfactory  resolis;  otherwise,  the  public  lales  have  not 
poBiosaad  nnch  interrst.  Mantilla  and  millinery  velveta  have 
been  ia  limited  rrqueel,  and  black  Tab>y  velvets,  in  fine  and 
mediam  grades,  were  fairly  active.  Ores.*  good*  and  *ilk*  moved 
*1owly,  and  woolen  good*  lacked  animation.  Linen  goods  were 
very  doll,  although  firm,  and  tliere  was  only  a  moderate  demand 
for  baodkereblef*,  lace*  aod  embroideriea.  Oatrich  leathers  and 
kid  elovss  wsre  told  ia  eoosiderable  amoani*  at  aaetion,  bat 
brougbl  low  flgarea  in  moat  «■•■■. 

^Va  aaaas  prises  oi  a  few  articles  ol  dumestic  .nanafnoture : 
Oattaa  Kail  Daek. 


Woodboivr 

MlUeaai 

5o.O 

No.I 

:fo.» 

Ho  S    .  .  . 

50. 4 

Wo  6 

X...4    

NaT 


Bad    Dnid 
naotwlait. 
40 


U 


An 

Boeioa 

BesTsv  Cr.AA. 
do  m. 
da    cc. 

Oaritoa 

Oolaab*a  k*7bea 
do  XXX  bra 


CBledaBla,No.7.. 
1*0  If  0.8. . 
do  Kot.. 
do  N&  10 
do        No.  TO 

Per  *  Mia.  K*.  » 
do  No.  • 
do         No.  7 


IS 
• 

«'« 

it' 
n 


i« 

18 
l« 
It 
14 

1« 


Ntt  I 

No.  » 

No.  10 

Llfbt  dock— 
B<'ar(l«as.llBia.. 
i\a  hMrydoc.)... 
Muot.liaveBeMa. 
4b         tna. 

•sBlaia. 

Oordle  XX  bro 
do     X  hn 

Sverett 

Lewlstoa 

OlieAXA 

do  NB 

dorc      .  . 
PrarlUver  .  . 


il      -|?f    1? 


Ckseks. 

Par.*MlB.No.lO 
Perk  MIIU.No.AO 
do  No. SO 
do  No. 70 
do  No.n 
do  No. SO 
in      No  ino 

CBlnnMIII'.Nn.lS 
do        No.  «0 


05 
04 

to 


m 
1* 

14 
10 
1« 
10 


n 

11 

10 

tl 

IS 


Oaterlo  aadToodborr* 
C8%8taadaif  tSjflB. 


do 
to 
do 
do 
do 


■  os. 

•  oa. 
10  ua. 
It  01. 
Ml 


Ontario  Twla.0na. 
do  OUb. 

Bi  twIe-'PolhenV" 

Tbomdlk*  A.. 
I'DraaT'e  UCA 

Tork  

Warren  AX  A., 
do     BB... 

do    ro.  .. 

Gold  Medal... 
Haymaker 


to 

to 

14 

to 
ao 
tl 
oa 
It 


1.^ 

to 

10 
11 
It 
10 

10 


Ualoa  M.  No.  BO  17-10 


do 

do 

do 

do 

do 

do 
Prodlgr 
LewletoaA. 


No.  70 
No.  80 
No.  to 
No  OOO 
No.  HOO 
No.  700 


It 
It 
It 
It 
It 
14 
IS 


Amerlran 

10.11 

AmnekMg 

»-t« 

do       fkacy 

14 

neteeCheVMt.. 

ItM 

Cordteawatac. 

t»-r)4 

rolnmMaa 

»H 

K>erMtCboTtot 

13 

Rmpran  0  to  It. 
fMuUaioB    d? 


t4 

t« 


•trtpcs. 

Kverett  beary..  17 

Hemllion     .  .  .    lS-14 

Lcw'nAACber.  13 

do         A    ..  It 

Meuaheeic It 

OilnBR  » 

r<rk  Mine  Ch'L  13)t 

Cotton  Yaras. 

Sonrant    ttoll.      M 
Pbnteoojr 


tato 

•4  00 


American .. 

Aino«k«ag . 

Ei'-elelor tT  Oft 

T.*>wUton IS  flO 

PranktlavIOe..  t4  no 

Mnniaap IS  on 

Oraoaar to  00 


Dirjea 

Ir»lB»...l. 
Qnagm..,. 


18 

• 

18 

It 


do 
Baca. 

I  Ontario  A 17  00 

do     n It  00 

do     C  *«  00 

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do         B..  as  00 

dn         0..  40  00 

Atleotle »  CO 

rettOB  Baits. 

I  TIan.iTer 10 

I  Lnrto 18 

jJeekaoo to 

lIoBeetlnJoB UH 


TbomdlkoA.... 

do        B.... 

UocaeTllIe  A... 

do         UCA. 

Whlltenton  SA 

do        B.  . 

do  fancy  XX 


iixr,  8  to  It.. 
I XXX    do     . 


14 
II 

10-11 

it-ia 

14 

11 
t 


M 
M 


I  Stark  A  to  00 

do    C  S  baeb  as  00 

dn     lybneh  8100 

Pblla  A 10  00 

I     do  P  S6  00 

dn  C         '~.  411  00 

lOkeco 1700 


RocklaUnd  ..  18 

Rup'tun U 

ntaniUrd It 

WyoiBloff. It 


518 


THE   CHRONICLE. 


[November  27,  lb  75. 


Inaportatlons  of  Dry  Good*. 

The  imporUtions  ot  dry  goods  at  this  port  (or  the  week  ending 
Nov.  35,  1875,  and  the  corresponding  weelcs  ot  1874  and  18 <3 
bare  been  aa  foUows : 

■MTBBID  FOB  OOHSDHrTION  FOB  TBI   WBBK  BITDIIIS    KOTEUBKB  95,  18'i.'  : 


1878 , 

1874 . 

,, 

1875 . 

Pke« 

Value. 

Pices 

Value. 

Pke« 

Value. 

HBDnfactnreeof  wool litl 

n,»08 

4d0 

» 197,189 

170 

(69,436 

do               cotton . .    HO 

69.82S 

561 

163.418 

210 

55,780 

do              allli 300 

130.156 

358 

195,558 

18) 

9I.S16 

do               flax 206 

48.589 

675 

99.956 

131 

S8,7t5 

Mlscellsneona  dry  goods.  369 

97,129 

3,467 

137.391 

«'» 

52,678 

Total. 


t,196     $4:2.957      4,416      $79i,51»  916     $807,804 


WRBDBAWH   FBOM  WARBHOOBX  AND  THUUWN  INTO  THB  HAKBBT  DUBms  TBI 

BAMX  pkkiod: 

$80,830 
47,517 
50,996 
59,257 
19,SS3 


Bxport*  of  lieadlUK  Articles  from  New  V«rk> 

rUe  toUovring  table,  compiled  from  Cagtom  House  returns, 
shows  (be  erports  of  leading  articles  from  the  port  of  New 
York  since  January  1, 1875,  to  all  the  principal  foreign  countries, 
ind  also  the  totals  forthe  last  week, and  since  January  1.  The 
ast  two  lines  show  (o<ai  va^u««, including  the  value  of  all  other 
articles  besides  those  mentioned  in  the  table, 

Bi    .  a>m^— '03)»l*» -- r-cn^o  w  -  -  r- t- rt  c  r-O'C  ■*  ^- e^o  (-«  ^  r- w  a»'«'«5!      -tO 


Minafacttttea  of  wool 

do               cotton.. 

do               Bilk 

do               flax 

ai9c«Ilaneone  dry  goods. 

655 

266 
83 
474 
496 

1.874 
2,8»7 

$356,406 
70,8i8 
82,299 
119,433 
39.695 

428 
235 
91 
430 
491 

1,665 
4,416 

$178,680 
67,2o9 
77.975 
92.974 
32,118 

$4tS.906 
T9i,DlJ 

204 
169 
43 
298 
873 

Total 

kAA  ent'd  for  consnmpt'n 

$564,511 
770,056 

977 
916 

Total  thrown  upon  m'k't. 

4,101 

M,338,567 

6,081 

H,a41,418 

1,893 

■  HTBBBD  FOB  WABBBOITBIXS  DCBIM8  SAHB  PEBIOD; 

Manufactures  of  wool... 

do               cotton . 

do               Bilk.... 

do                flax 

ICUcsUaneouB  dry  goods 

385 

S97 

81 

618 
84 

$177,166 
90,773 
8.1,626 
8.3,815 
24  6S1 

333 
245 
92 

1,104 
207 

$133,8!6 

85.»8t 

66,492 

170,319 

81,811 

117 
52 
46 
1,078 
i6 

ToUl         

idd  ent'd  for  conBumplD 

1.468 
2,227 

$460,^24 
770.056 

1,»S1 
4,416 

$^91,462 
79.',612 

1.319 
916 

$257,383 
307,804 

$565,187 


$45,584 

25,023 

89,579 

6:,212 

6,106 


$153,504 
3:J7,804 


Total  entered  ai  the  port.  3,695  $1,230,050      6,39?  $1,883,974      2,233     $191,308 
ImporiB  or  Leadlns  Artlelen. 

The  following  table,  conpil^d  from  Custom  House  returns 
ahowB  the  foreiga  imports  ot  leading  articles  at  this  port  since 
Jan.  1, 1875,  and  for  the  same  period  of  1874  : 

[The  quantity  19  girsn  in  paclcases  when  not  otherwise  specified.] 


China,   Glass  and 
Earthenware— 

(Jhina 

Earthenware.  . 

Glass 

Glassware 

Glass  plate.. 

Buttons 

Coal,  tons 

Oocoa,  bags. . 

Coffee,  bags 

Cotton,  hales.  ... 
Drugs,  &c— 

Bark,  Peruvian.. 

Blea.  powders... 

Cochineal 

Cream  Tartar... 

Gambler 

Gum,  Arabic 

Indigo  

Madder 

Oils,  essential.. 

Oil;  Olive 

Opium 

Soda,  bicarb — 

Soda,  sal 

Soda  ash 

Flax  

Furs 

Gunny  cloth 

Hair 

Eemp,  bales 

Hides,  Ac- 
Bristles 

Hides,  dressed.. 

India  rubber 

Ivory 

Jewelry.  Ac- 
Jewelry  

Watches 

Linseed 

Molasses 


Since 
Jan.l,'7S. 


13.250 

34.549 

393.87* 

31,40 

3,615 

6,556 

66,108 

20,169 

1,492,254 

3,430 

27,33 

28.136 

6,43:; 

6S4 

lO.tiO'.i 

4,886 

8.162 

1,616 

989 

32.542 

l,0uO 

t9,40i) 

48.969 

54,693 

7,30» 

7,545 

1,423 

3.98 -i 


1.495 
5,839 
37,337 
2,722 

2,9:J9 

723 

818.747 

101.5)4 


Same 
time  1874 


12.956 

33,34; 

377,8:8 

36,208 

7,872 

6,353 

63,0'J4 

33,237 

1,297,871 

2,859 

34,485 

26,132 

6.7ai) 

1,350 

31,23o 

5.376 

3.607 

l,9li0 

8:0 

31,963 

1.545 

45, -.'2 1 

47,2BT 

49,40; 

9,301 

6,262 

951 

4.025 

184,34: 

l,4r.5 

3.338 

47,I5« 

3,098 


930 
ffl6,474 
102,419 


Since 
Jan.1,'75. 


Uetals,  Ac- 
Cutlery 

HardwHie 

Iron,  RIl.  bars.. 

Lead,  pigs 

Spelter,  lbs 

Steel 

Tiu,  boxes 

Tin  slabs, lbs... 

tags 

Sugar,  hhds,  tcs.  & 
bbU 

Sugar,  bxs  A  bags. 

Tea  

Tobacco •. 

Waste 

Wines,  Ac — 
Champagne,  bks, 
Wines. 

Wool,  bales 

Articles  repofted  by 
value  - 

Cigars 

Corks 

Fancy  goods 

Fish 

Fruits,  Ac- 
Lemons 

Oranges 

Nuts 

Raisins 

Hides,  undressed 

Kice 


Same 
time  1874 


Spices,  Ac— 

Cassia . ,     . . 

Ginger 

Pepper 

Saltpetre.  ... 
Woods — 

Cork 

Fustic 

Logwood . . 

Mahogany . 


3,920 

2,459 

23.611 

78.405 

934,853 

77,386 

816,752 

6,262,344 

128,133 

531,967 

1,5:.3,5J5 

718,167 

55,524 

1,749 

96,19Y 
154,051 
62,522 


$1440,531 

75,9i,6 

1,01)1,1)1' 

271,324 

690,:  21 

1,803,353 

759,959 

l,43i,282 

9,118,201 

392,252 

156,20: 
90,183 
56),6B8 
207,112 

332,026 

33.888 

570,CS2 

103,313 


4,241 

8,230 

258,801 

197,111 

2,547,.341 

108,916 

739,985 

9,9011,700 

124,922 

680,610 

1,385.539 

1,072.792 

68,396 


103.759 
152,817 
49,156 


$1984.093 

79,937 

1.031,017 

3?9,027 

1,129.18! 
1,.322,577 
1.113,867 
1.766,512 
12,661.1^8 
719,175 

85,533 
180  851 
7.37.027 
351,518 


231,015 

82.269 

278.983 

118.361 

Receipts  of  Domeatlc   Produce. 

The  receipts  of  domestic  produce  since  January  1, 1875,  and  (or 
he  same  time  in  1874,  have  been  as  follows  : 


Since    1    Same    1 

Since 

Same 

Jan.1,'76. 

time  1874 

Jan.1,'75. 

time  1874 

Ashes pkgs. 

7,16S 

8.044 

Pitch..  . 

917 

3,422 

BreadstuffB— 

Oilcake.... 

pkgs. 

251.018 

163,3^0 

Flour bblfl. 

3.451,678 

3.610.753 

Oil,  lard.... 

5,612 

3.421 

Wheat bush. 

0,62  ,234 

39.779,900 

Peanuts,  .. 

.bags. 

51,483 

28,204 

Corn 

21,078,20! 

4S,035.5I3 

Provisions — 

Oats 

9,745,20 

10,129.402 

Butter  ... 

.pkgs. 

955.671 

867,891 

Rye 

265.3.'>5 

577,814 

Cheese . . . 

2,126,133 

1,918.517 

Barley  and  malt. 

4,(83.074 

2,3i)8,963 

Outmeate. 

882.968 

278.576 

Grass  seed.bags. 

61.730 

57.462 

?S^::::: 

413,700 

461,023 

Beans bbls. 

.■(5.016 

68.279 

122,378 

108.996 

Peas bu^h. 

434.8',  17 

484,654 

Beef.  ..  . 

29,357 

49,663 

C.  meal bbls. 

114.S82 

159.422 

Lard 

339,820 

221.680 

Cotton .....  bales. 

6.50.491 

8!6,410 

Lard 

.kegs. 

12.544 

36.047 

Hemp bales. 

2.721 

4.6»1 

Rice 

•pkgs. 

21,412 

20.741 

Hides No. 

3,506.492 

•.,907.000 

Starch 

821,813 

302,781 

Hops bales. 

.3!l.t4ii 

31,571 

Stearlne.... 

16.984 

16.216 

Leather.  ..  sides. 

3,660,634 

3,430,728 

Sugar 

.bbls 

84058 

7,243 

Molasses hhds. 

4.225 

Sugar  

Tafiow...  . 

.hhds. 

13.863 

584 

Molasses.,     bbls. 

29,350 

31,172 

pkgs. 

19,163 

81.057 

Naval  Stores— 

Tobacco    . 

170.674 

248,395 

Cr.  turp.  ..bbls. 

7,6la 

11,992 

Tobacco... 

.hhds. 

41,197 

121.361 

Spirits  turpen... 

61. 7^-9 

71,94« 

Whiskey... 

..bbls. 

142,996 

167.177 

BoBln 

460,94.1 

496.614 

IWool 

.bales. 

70.458 

70..171 

Tar 

22,622 

45.789 

Dressed  Hoes.  .No. 

46.827 

106.79$ 

"feSSS 


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HUNT'S    MER()HANT8'    MAGAZINE. 

REPRESENTING    THE    INDUSTRIAL    AND   COMMERCIAL  INTERESTS   OF  THE  UNITED  STATES. 


VOL.  2L 


SATURDAY,  DBCEMBBR  4,  1875 


NO.  545. 


CONTF^'TS 


TBB  OUltUNIULB. 
OWEHM  tad  th«  riMadil  Oat- 

kSk 

Tt«  V.  %.  tut—ma  Onort  on  lb* 

8arrca4v  of  Mlk  at  iMttag. . 
bpnrtiac  MaaaiKiarM. 


5il 


f»niio«»<  New  SoKU  SuiMianL 
llllWi   btcnMs  la   iha  Saw 


Oaltal  MalM  taporu  and  Bs- 
Duru  for  Oclabar 

Tm  Debt  SlBlaaaat  tar  Tfonm- 
bet.  l<r>  

Laiml  MuaauryMMUaauaaRtal 
Ka(ll«h  K*w*  . 


Mnaactal  Brr<««  oT  Konvabcr.      atS 

TBI  BAttUMtS 

Hub*!'  MarkaL  C.  B.  SacarltlM, 
K*if«a7  Mo^  OoM  MarfcM, 
r(irrl|«  Izckaac*,  Raw  York 
Cllr    iMka.  BoaMB    Baaka, 


N«w» 


UAXBTTB. 


TBB  OOMMBNClAI,  TIIIBi. 

tmtnrfOutd:... 

U7   rriewCUTMI. 


UaorailiMM  of  *tc«ka  sad  Boada 

!f •«  Tork  Local  tt-corlUa*   . .  . 

laTaNOMat  aad  ttaia,  OUfmA 

OorpanUoa  FlaaacM 


SM 

sn 


MS 


MS 


1) 


®bt  €))xonxt\t. 

tm%  roWMKRCIAL  AND  Kl!f  A!«CIiU.  Cbmonici^  u  imuU  •» 

dJiif  marninj,  itU\  Ihs  latstt  imim  up  U  midiUtht  »f  KrH4t$, 

ruHB  or  •aBtouraoB-PATABu  a  aotakoi. 

Taa  ComnaouL  uro  Ta^mjui.  CaaoaMka,  dallvwad  by  cantor  ta  at* 
Mbw^nka*.  aa4  aaOod  la  aU  alfccnc 


J—  O«o  Toar  (lacta«ia«  paauga).. 
rar  Sii  Maaita. 


«•? 


!} 


ell 


trttVu 


«>n  ba  eaatlaaod  aaUl  or4ond  owppol  ly  a  wrUtm  ardtr 
'"  »0et.    Tb«  I'libiunen  caoaiX  b«  roapouaibU  for  Raalt- 
br  OraTu  nr  Poot-Oflca  Moaoj  Octfora. 
_  A4Tani*aa**Bla. 

TVaaotaM  adTortlraooto  on  paMMMd  al  «  acaU  ^m  Haa  tar  oock 
loa,  bat  oiloa  4«4aMa  ■!!■■  ifo  litaa  for  tva,  or  Mani,  laoor  loaa,  a 
'  dtwnaat  to  MOdo     !Co  pcoortM  of  coatlaaoaa  paMlcMlna  la  Ibo  bMl 


rtw*  eoa  bo  tl«aa.Mail  ad*or<l*w«  laaM  ban «qaal  oppgrtaaldoa.    Spoc  ol 
■Wtfi  la  Boakloc  oad  naaaetal  mloaa  M  roau  por  Da«  oaek  laocrtHm. 


Tho  Lxadoa  oAeo  «f  Ibo  Caaoaiou  I*  ol  No.  S  Aa>tla  Frian,  Old  Broad 
io«.  «b<*a  aamcrlpM— k  Ma  >*aoB  at  Ibo  follnvlac  raloo  : 

AaaaalltabocnpilaaiaiboCbroBlcicOBCladlBapaatMo) JB   Ik. 

BlaMMWriKMriplloa W^.TT. 1    to. 


ou  o..  runra,  i%.  I 


WUajAM  B. 


OAWA  »  OO.,  rBbllobaf% 
T»  aad  ■!  WiUlam  tlrMi,  NKW  TORK. 
POrr  Omra  Box  4  9M. 


A  aoat  tl»«DTor  la  taraWlod  at  UcaaU;  pootaco  oa  Ibo  com*  U  I( 
k    Tilw  n  >  I  ikdtarrakocrlboroat  >l  M. 

^  A  eaoiptato  wt  of  Ibo  noaaoKa*!.  abb  TtBAaciAL  Oaaoaicba— Joly 
.  la 'tata-l*  tar  Mlo  ot  Ibo  odtaa.     Aloo  oao  aotof  UavTolUaoaAan 
tAaAkiak,  ISM  to  mi,  •tn/.throa  rolaMio. 


Tbo  B— toiM  Do^ortaoat  o(  iba  CnomoLa  U   ronoooatod  aaiosg 
<->!  laiaorU  la  Now  York  CUr  bj  Mr.  /rod.  W.  Joom. 


GI^HI'S  IHI  TIB  fmrnii  OCTLOOI. 
From  the  geoeral  description  which  the  Trcaaarj 
vpnrU  Tcceive  from  the  mercantile  Bml  banking  cIbmoo 
hroagfaoot  the  country,  the  beginning  of  a  new  session 
f  CoDgrBM  offers  facilities  of  special  valne  for  making 
estimate  of  the  financial  sitnation.  For  sereral  years 
It  we  have  scarcely  had  a  more  promising  state  of 
Bga  than  exists  at  the  present  moment.  At  least  we 
\  exempt  from  several  prominent  canws  of  monetary 
lid  indastrial  troabic  which  have  agitated  commerce 
id  trade.  Since  the  close  of  the  war,  for  example, 
ily  a  session  of  Congress  has  opened  withoat  the 
tion  that  a  mnltitade  of  cmde  plans  wonid  be 
roposed  for  currency  reform.     These  plans  had   many 


of  them  good  features,  but  their  general  inflacnce  was 
prejudicial  to  bosiness,  both  for  other  reasons  and,  espec- 
ially, because  their  discussion  disturbed  tho  stability 
which  is  a  fundamental  requisite  for  the  currency  system 
of  any  commercial  country.  This  stability,  as  we  have 
often  .shown,  cannot  be  compromised  or  tampered  with, 
except  at  the  risk  of  the  most  profound  mischief  to  the 
vital  interests  of<«ociety.  The  currency  system  of  a 
nation  may  be  compared  to  one  of  those  powerful 
"elevators"  which  are  seen  every  day  engaged  in  loading 
and  unloading  our  steamers.  The  elevator  has  a  two- 
fold ofBoe.  It  stoMt  the  commodities  and  it  meaturtt 
them  at  tlie  same  time.  So  is  it  with  the  great  machine 
of  the  currency,  it  moves  the  exchangeable  values  of  the 
country  and  it  applies  to  them  a  precise  standard  of  meas- 
urement. But  as  everybody  sees  how  inefficient  for  its 
work  would  be  an  elevator,  whose  stability  could  not  be 
depended  upon — whose  measuring  accuracy  could  nqt  be 
tnisted,  and  whose  activity  of  movement  was  unsteady — 
^^,  \>y  parity  of  reasoning,  it  is  evident  that  cur^^nper 
currency  system,  for  like  defects  of  instability,  must  have 
worked  for  several  years  no  small  degree  of  mischief. 
Now,  wA  are  far  from  contending  that  our  currency  is 
•1'  !  wholly  set  frea  from  its  old  vice  of  instability, 

\'>  tay  is,  that  there  is  less  of  this  vice  than  there 

has  l>sm  and  leas  prospect  of  it.  We  are  freed  from  some 
of  the,«Hues  of  instability  which  have  been  so  active  in 
the  palt  That  this  is  so  may  be  eastly  demonHtratcd- 
Kip't,  we  have  appointed  a  day  on  which  specie  pay- 
ments are  to  begin.  Next,  the  faith  of  the  nation  is 
ple<lgcd  to  carry  out  the  policy,  and  wc  are  actually 
preiiaring  for  resumption.  Moreover,  we  are  making 
hopeful  progress  towards  that  end,  and  no  attempts 
which  maybe  made  by  the  paper-money  men  to  sub- 
vert or  delay  our  advance  towards  specie  payments  are 
n  yarded  intkaO^uch  apprehension  by  the  friends  of  a 
8t)iind  currency.  This  and  other  circumstances  give  a 
gt.ibility  to  the  currency  side  of  our  financial  fabric, 
and  in  this  stability  we  see  one  of  the  hopeful  features 
of  the  monetary  situation. 

Leaving  these  general  views,  however,  we  find  equal 
ctuse  for  satisfaction  if  we  look  to  the  condition  of  the 
ba'iks  throughout  the  conntr/.  Our  banking  mechanism 
has  been  put  to  a  very  severe  strain  by  the  disasters  of 
1H73  and  the  two  following  years.  But,  if  we  look 
closely  at  the  statistics,  wc  shall  find  reason  to  wonder  that 
the  bank  failures  have  been  so  small,  and  that  our  bank- 
ing machinery  has  suffer«d  so  little  from  the  pressure  to 
which  for  three  or  four  vears  it  has  been  continuously 
exposed.  There  have  been  a  few  failures  in  each  of  the 
I  four  departments  of  our  banking  system — among  the 


622 


THE  CHRONICLE. 


[Pecember  4,  1875, 


National  banks,  the  State  banks,  the  private  banks  and 
the  savings  banks.  Next  week  we  shall  give  some  official 
details  as  to  these  failures.  But  the  statistics  on  this 
subject  prove  two  facts,  nanely,  that  the  proportion  of 
the  failures  to  the  risks  have  been  small,  and  that  the 
comparison  of  these  bank  disasters  with  similar  troubles 
on  the  continent  of  Europe  is  not  to  the  disadvantage  of 
the  (Jnited  States.  Of  course  this  favorable  comparison 
shonld  not  weaken  our  efforts  to  correct  present  evils,  or 
to  watch  against  approaching  dangers.  The  facts  will 
lose  their  proper  effect  if  they  do  not  stimulate  us  to 
attempt,  both  in  and  out  of  Congress,  to  accelerate  the 
progress  of  our  financial  system  and  to  further  those 
improvements  which  are  so  necessary  to  help  us  on  to 
specie  payments  and  to  a  sounder  currency  and  banking 
system. 

Thirdly,  the  reserves  held  in  our  New  York  banks  are 
large.  It  is  another  illustration  of  the  strength  of  the 
financial  position  that  our  bank  reserves  are  still  ample, 
although  since  the  Ist  of  October  these  reserves  have 
fallen  nearly  20  millions.  And,  as  will  be  seen  by 
the  Debt  Statement,  which  we  publish  elsewhere,  the 
special  deposits  of  the  banks  in  the  Treasury  have  fallen 
from  60  millions,  October  1,  to  142,610,000  to-day. 
This  decline  corresponds  almost  exactly  with  that  of  the 
greenback  reserve  of  the  banks,  which  has  fallen  from 
66  millions,  at  the  beginning  of  October,  to  the  present 
level  of  $47,C38,900.  This  drain  of  greenbacks  has,  •f 
course,  been  caused  by  the  sending  of  currency  to  the 
"West  and  South ;  but  what  is  important  to  observe  is, 
that  it  has  left  the  banks  with  a  surplus  of  19,349,300  in 
excess  of  their  legal  minimum.  The  drain  is  now  almost 
over.  It  may,  perhaps,  continue  to  the  extent  of  two  or 
three  millions  more;  but  in  all  probability  it  will  stop 
before  half  that  sum  has  been  sent  away.  Hence  we  may 
infer  that  our  banks,  when  they  have  met  all  probable 
demands  upon  them,  will  still  hold  6  or  7  millions  of 
greenbacks  over  and  above  their  legal  minimum.  How- 
ever this  may  be,  we  are  approaching  the  season  when 
the  return  movement  of  currency  sets  in  from  the  West 
and  South,  and  this  return  current  will  probably  set  in 
the  sooner,  from  thu  circumstance  that  the  western  banks 
are  now  much  better  supplied  with  funds  of  their  own 
than  formerly.  As  the  western  banks  are  less  dependent 
on  New  York  fo?  accommodation,  the  turn  in  the  tide 
of  currency  begins  earlier  than  it  used  to  do,  and  is  the 
more  speedily  over. 

"We  might  mention  further  and  more  obvious  elements 
pt  strength  in  the  financial  situation,  but  they  are  suf- 
^ciently  exhibited  in  the  general  ease  of  money,  and  in 
the  absence  of  any  extreme  sensitiveness  such  as  never 
fails  to  exhibit  itself  on  frequent  occasions,  when  the 
iponetary  situation  is  lacking  in  stability.  Such  occasions 
have  been  furnished  of  late  by  the  run  on  several  weak 
^avkigs  banks  here  and  in  Boston,  by  the  rumor  of 
trouble  with  Cuba,  by  the  unsettled  state  of  certain 
European  money  markets,  and  by  other  circumstances, 
which  could  not  have  failed,  in  a  weaker  and  less  stable 
condition  of  things,  to  have  precipitated  trouble,  if  not 
duster,  into  our  own  monetary  movements. 
-,  If,  however,  on  the  whole,  the  monetary  situation  is 
favorable,  it  depends  on  Congress  to  keep  it  so.  The 
present  monetary  stability,  as.we  have  often  demonstrated, 
i& largely  dependent  on  the  conviction,  which  is  general 
throughout  the  country,  that  nothing  will  be  done  during 
the  present  session  to  disturb  the  work  of  reforming  the 
currency  and  resuming  specie  payments — to  which  the 
commerce  and  business  of  the  country  are  now  rapidly 
adjusting  their  movements. 


THE  USIITED  STATES  SUPREME  COURT  OS  THE   SURRENDE 
OP  BILLS  OP  LADING. 

As  some  anxiety  has  been  awakened  among  our  bank 
in  regard  to  the  decision  just  given  by  the  United  State 
Supreme  Court,  enforcing  the  surrender  of  bills  of  ladin 
to  the  acceptors  of  time-drafts,  wo  have  been  requeste 
to  give  some  account  of  this  adjudication  and  of  th 
rights  .ind  duty  of  the  banks  as  affected  by  it.  Ther 
is  no  doubt  that  the  view  adopted  by  the  Suprem 
Court  is  founded  upon  a  solid  basis  of  reason  and  law 
but  from  peculiar  circumstances  connected  with  the  floi 
of  capital  towards  the  west  and  south,  the  usages  hav 
been  varied;  and  our  banks,  as  well  as  those  of  Bosto 
and  Philadelphia,  have  often  refused  to  deliver  bills  o 
lading  accompanying  time-drafts  to  the  acceptors  o 
such  drafts  until  the  drafts  were  actually  paid.  Thei 
argument  was  that  if  the  drawer  of  the  bill  had  attache( 
thereto  the  bill  of  lading  as  a  security  to  the  bank  t' 
whom  he  sold  the  draft,  the  bank  would  lose  this  guai 
antee,  if  its  New  York  correspondent  were  to  give  u 
the  bill  of  lading  before  the  drawer  had  paid  for  th 
goods  in  actual  cash.  The  recent  decision  declares  tha 
the  bills  of  lading  must  be  given  up,  except  there  be 
special  agreement  to  hold  them.  Of  course  the  agret 
ment  between  the  parties  will  be  enforced  by  the  court 
when  any  such  agreement  has  been  made,  but  in  the  ab 
sence  of  any  special  stipulation  empowering  the  bank  o 
its  correspondent  to  hold  bills  of  lading,  and  to  detacl 
them  from  time-drafts  to  which  they  belong,  the  Su 
preme  Court  of  the  United  States  has  declared  that  th 
acceptor  has  a  right  to  the  bill  of  lading,  which  must  b^ 
given  up  to  him  when  the  draft  is  presented  for  his  ac 
ceptince. 

The  suit  in  this  case  was  brought  by  the  Merchanti 
National  Bank  of  Memphis  against  the  National  Ban 
of  Commerce  of  Boston.  The  plaintiff  had  bought  sev 
eral  bills  of  exchange,  drawn  by  cotton  brokers  residin 
in  Memphis,  Tenn.,  on  Green  &  Travis,  merchants  resic 
ing  in  Boston.  These  drafts,  with  bills  of  lading  attachec 
were  sent  to  the  defendants  in  Boston  with  no  othe 
instructions  than  that  the  bills  were  sent  "  for  collection. 
The  drawees,  Messrs.  Green  &  Travis,  had  a  previou 
understanding  with  the  drawers  that  the  bills  of  ladinj 
should  be  given  up  on  acceptance  of  the  drafts  to  whicl 
they  belonged.  But  the  plaintiff  was  not  aware  of  thi 
agreement  and  bought  the  drafts  in  Memphis,  expectinj 
to  hold  the  bills  of  lading  as  security  until  the  drafts  wer( 
actually  paid.  The  plaintiff,  however,  sent  no  instruc 
tions  to  the  defendant  to  hold  the  bills  of  lading.  Henci 
it  happened  that  when  Green  &  Travis  claimed  these  bill 
of  lading,  they  were  at  once  given  up  on  the  acceptanw 
of  the  drafts.  At  maturity  the  money  does  not  seem  t< 
have  been  paid,  and  the  plaintiff  sued  the  defendant  foi 
the  amount  and  got  judgment  in  the  Court  below,  when 
Mr.  Justice  Shepley  ruled  that  the  defendant  was  liahli 
to  the  plaintiff,  the  Bank  of  Memphis,  for  having  sur 
rendered  these  bills  of  lading  on  acceptance  of  the  time 
drafts,  and  that  these  drafts  ought  to  have  been  heh 
even  without  instnictions  to  hold  them. 

This  decision  the  U.  S.  Supreme  Court  has  reversed 
Among  the  reasons  for  this  ruling  two  are  of  special  im 
portance  in  a  practical  point  of  view.  First,  the  Ccnri 
argues  that  a  time-draft  suggests  the  inference  that  th« 
goods  referred  to  in  the  attached  bill  of  lading  are  sold 
on  credit,  and  are  to  be  available  for  the  payment  of  tli< 
acceptance;  or  else  that  the  goods  are  consigned  to  b( 
sold  on  account  of  the  shipper  and  are  to  be  remitted 
for  when  the  draft  is  paid;  or,  finally,  that  the  draft  is  n 
demand  for  an  advance  iroTH  the  drf^wee  to  the  drawer 


Df camb  r  4,  1376  ] 


THE  chuonicle. 


523 


In  all  these  cases  the  possession  of  the  goods  is  obviously 

a  prior  condition,  which  can  be  claimed   and   shonld  be 

performed   before   acceptance.     These  points  the  Court 

discuss  as  follows  : 

Bat  it  teems  to  be  a  natoral  laferenee,  indeed  a  neeeSMiry  impli- 
catioD.  from  a  time  draft,  accompaoied  by  a  bill  ot  lading,  indorsed 
in  blank,  that  the  mereUaodiae  fwhich  in  this  case  was  cotton) 
■pecitied  in  the  bill  was  sold  on  credit,  to  be  paid  for  by  the 
acevpted  dratt,  or  that  the  draft  is  a  demand  for  an  adraDce  on 
the  (hipment,  or  that  the  transaction  is  a  oonsignm«ni  to  be  sold 
by  the  drawee  on  account  of  the  sbipper.  It  la  difficalt  to  con- 
crive  of  any  other  meaning  the  instruments  can  bare.  If  so,  in 
the  abaaDoe  of  any  ezpreaa  arrani^ment  to  the  contnry,  the 
aeoeptor,  if  a  purchaser,  la  clearly  fotltltid  to  the  poawaaioa  of 
the  goods  on  his  accepting  the  bill,  and  thas  giving  the  vendor  a 
completed  contract  for  payment.  This  would  not  be  doubted  if, 
instead  of  an  accrptance,  he  had  given  a  promissory  note  for  the 
goods,  payable  at  the  expiration  o(  the  stipulated  credit.  In  such 
a  ease  it  is  cl<>ar  the  render  could  not  retain  possession  of  the  sub- 
ject uf  the  sale  after  rt-ceiviog  the  note  for  the  price.  The  idea  of 
a  sale  on  credit  is  that  the  vendee  (a  to  hare  the  thing  sold,  on 
his  assumption  to  pay,  and  iMfore  actual  payment  The  eon- 
•Sderation  of  the  sale  ia  the  note.  But  an  acceptor  of  a  bill  of 
exchange  stands  in  the  same  position  as  the  maker  of  a  promissory 
note.  If  he  has  purchased  on  credit  and  is  denied  posaeaainn 
until  be  shall  make  payment,  the  transaction  eeaaea  to  be  what  It 
was  iDlended,  and  Is  converted  Into  a  ea>h  sale.  Ererrbodr 
aoderMaad*  that  a  sale  on  credit  entitle*  the  purchaser  to  i'mme. 
diata  possrasioa  of  the  property  sold,  anlesa  there  b«  a 
special  agreement  that  it  may  be  retained  by  the  ren- 
dor,  tad  such  Is  the  welf  reeogolMd  doctrine  of  the  law. 
Tue  reason  for  this  is  thai  very  often,  and  with  merchants  gene- 
rally, the  thing  purchased  is  needed  to  provide  means  for  the  de- 
ferred payment  of  the  price  ;  hence,  it  is  justly  Inferred  thai  the 
thing  is  inteodrd  to  pass  at  once  within  the  control  of  the  i<ur. 
chasvr.  It  I*  admitted  that  a  differenv  arrangement  may  be  stipu- 
lated for.  Rven  la  a  rrrdit  t\\e  it  may  be  agrved  by  the  parties 
that  the  vendor  shall  retain  the  subject  oatil  the  expirsUoo  of 
the  credit,  as  a  eecnrity  for  the  payment  of  the  sam  stipulated  ; 
but  t(  so,  the  agreement  is  special,  something  superadded  to  an 
ordinary  contract  of  sale  on  credit,  the  existence  of  which  is  not 
to  be  prrsom-d.  Therefore,  in  a  caae  where  the  drawing  of  a 
time  draft  against  a  eooaigniiMat  raises  the  imp'.ieation  that  the 
goods  consigned  have  baea  sold  oa  credit,  the  agent  to  whom  the 
draft  to  be  accepted  sad  the  bill  of  lading  to  be  delivered  have 
been  rnlrasted  cannot  reasonably  be  required  to  know,  without 
in9trurtion,tbat  the  transaction  Is  not  what  it  purport*  to  be.  He 
has  no  right  to  aaaiime  and  act  on  the  aasamptiia  that  the  ven- 
dee's term  of  credit  miut  expire  before  he  can  have  the  goods, 
and  that  he  Is  bound  to  accept  the  draft,  thus  making  himself 
abeoliitrly  responsible  for  the  sum   nam*vi  therein,  and  reiving 

Xn  thn  vendor 'n  eagagrmeat  to  deliver  at  a  future  time.     This  I 
lid  be  treaiicg  a  sale  ao  eredit  as  a  OMre  axeeotory  contract 
to  sell  at  a  subarqusnt  dal*. 

On  tbaae  grounds,  then,  the  Court  held  that  if  the 
dtscoiinter  of  the  bills  of  exchange  in  qneation  wished  to 
bold  the  bills  of  l.nding,  so  M  to  separato  them  from  the 
drafts  to  which  they  belonged,  bis  right  to  do  so  must 
rest  upon  a  special  agreentent  a8«ente<l  to  by  all  the  par- 
ties. Similar  reasoning  was  applied  to  the  second  claim  set 
up — namely,  that  the  bills  of  la<ring  were  a  special 
security  and  an  additional  gnaruttce,  on  the  faith  of 
which  the  Bank  of  Memphis  diaoooated  the  bills  drawn 
on  <lrefn  <t  Travis.  On  this  point,  as  on  the  other,  the 
Court  decidol  that  the  Bank  nf  Memphis  should  have 
protected  itself  by  a  special  stipulation.  The  ^lucstion  is 
argued  as  follows: 

It  Is  urged  that  the  bills  of  lading  were  enntratrts  eoltataral  to 
the  bills  of  exrhsng>i  which  the  bank  d"-  nnd  that  wlii'n 

transferred  tbey  beesme  a  seearity  for   '  ,  nl   obligaii' n, 

namely,  the  contract  evldenred  by  the  bii.f<  m  piciiange  ;  for  the 
whole  rnntrart.  and  n"t  a  [art  of  it.  and  that  the  wAoU  contract 
required  not  only  the  acceptance,  but  the  payaent  of  the  bills. 
The  argument  asvumes  the  rery  thlrg  to  be  prored,  to  wit :  That 
the  traosfe-  nf  ():••  liil'ii  nf  lading  were  made  lo  secare  the  pay- 
ment of  '  'f<lt>- of  this,  ss  we  bare  seen.  Is  to 
be  infer-'  la'lttijr  and  the  time  drafts  drawn 
against  tn*"  ronsu^nmeni'*.  uneiplaintid  by  express  stloalations. 
Tlic  bank,  wbell  nseoontiDg  the  drafts,  was  bound  to  know  that 
tke  drawers  oa  titair  acceptance  were  entitled  to  the  cotton,  aoJ, 
of  cnunw,  to  the  erideneesof  title  to  Ic.  If  so.  they  knew  that 
the  b(ll*  of  lifflng  emitd  not  be  a  security  for  the  ultimate  pay 
meal  of  '  -  of  the  drafts  by  the  drawees  wa« 
ao  part  >  the  dlsconniK  were  made.  The  bills 
of  exch*r(;>-  w.  r»  ti.n  ir.i-oraple'e.  They  needed  acceptance. 
They  were  discounted  In  the  expectation  that  they  would  be 
sew  pled,  aad  that  thus  the  bank  would  obtain  additional 
promiasoTs.  Tlie  whnle  por{>nse  nf  the  transfers  of  the  bills  ol 
lading  loth"  bank  mar.  th"rr>fnre,  w.|!  liavf  hrr-n  satisfied  when 
til-  and  when  the 
'l'»  .-.ire.  We  have 
alr'iwiT  ».-en  mat  wtieiner  itir  lirnun  ani  the  accompaaylag  bills 
•f  lad  sf  evMaaeed  saJaa  oa  credit,  or  rc^aspta  for  a4raaaemen(a 


on  the  cotton  consigned,  or  bailments  to  i>e  sold  on  the  con- 
signor's tccount,  the  drawee-*  were  entitled  to  the  po.osession  of 
the  cotton  before  they  could  be  requireii  to  accept,  and  that  if 
they  had  declined  to  accept  because  possession  was  denied  to 
them,  concurrently  with  their  acceptance,  the  effect  would  have 
been  to  discharge  the  drawers  and  indorsers  of  the  drafts.  The 
demand  of  acceptance,  coupled  with  a  claim  to  retain  the  bills  of 
lading,  would  have  been  an  InsutSclent  demand.  Parely,  the 
purpose  ot  putting  the  bills  of  lading  into  the  hands  of  the  bank 
was  to  sesure  the  completion  of  the  drafts  by  obtaining  addHlonal 
names  upon  them,  and  not  to  discharge  the  drawers  and 
iodoiaers,  leaving  the  bank  only  a  resort  to  the  cotton  pledged. 

It  is  easy  to  see  from  these  arguments  what  is  the  duty 
of  banks  to  whom  drafts  are  offered  for  discount,  or  are 
sent  for  collection  with  bills  of  lading  attached.  On 
acc^tancc  of  the  drafts  these  banks  are  bound  to  give 
up  the  bills  of  lading,  unless  there  is  some  agreement  to 
separate  the  drafts  from  the  bills  of  lading.  Hence  it 
follows  that  if  a  bank  discounts  such  a  draft  before 
acceptance,  and  if  it  wishes  to  hold  the  bill  of  lading 
until  the  acceptance  is  actually  paid,  two  things  must 
be  done;  first,  an  agreement  must  be  made  with  the 
drawer  to  that  effect,  and,  secondly,  specifio  instruc- 
tions must  be  forwarded  to  the  correspondent,  to 
whom  the  draft  and  the  bill  of  lading  are  sent  for 
colletition.  Thus  in  the  case  before  us  the  C/Ourt 
ruled  that  the  bank  of  Commerce  was  not  liable  to 
the  plaintiff  bank  of  Memphis  for  a  breach  of  duty  ia 
.surrendering  the  bills  of  lading  on  acceptance  of  the 
drafts,  the  reason  being  that  the  Bank  of  C,>mmcrco  had 
no  special  instructions  to  retain  the  bills  of  lading  until 
payment  of  the  aooeptanoes.  In  the  absence  of  such 
special  instructions  the  bank  was  fully  justified  in  giving 
up  the  bills  of  lading,  and  it  was  the  duty  of  the  bank  to 
do  §o.  We  observe  that  seven!  of  our  city  banks  have 
this  vaek  beeo  sending  circulars  to  this  effect  to  their 
Hootkcm  wid  Western  correspondents.  This  is  a  good 
way  of  bringing  the  facts  to  the  knowledge  of  the  bank- 
ing community  throughout  the  country,  who  should  make 
themselves  familiar  with  their  rights  and  duties  under 
the  recent  decision,  without  delay. 


BINRTL16  IINIFACTDBBS. 

Our  manufacturing  industries  have  now  reached  a 
tuminp-point  in  their  history.  The  high  pressure  under 
which  we  have  of  late  years  been  living,  has  resulted  in 
a  growth  beyond  the  country's  needs.  Just  as  railroads 
were  built  much  fa-ster  than  they  were  required,  so  cot- 
ton and  woolen  spindles  have  increased,  and  fonnderies, 
ete.,  been  multiplying  until,  even  before  the  panic,  over- 
production was  the  universal  complaint.  In  a  word,  we 
have  more  woolen  factories,  more  cotton  factories,  more 
paper  factories,  more  lock  factories,  and  more  every 
kind  of  factory  than  any  healthy  home  consuroptioh  can 
keep  running  on  full  time. 

Rut  the  present  dull  trade  and  depression  in  prices  is 
devolo^gf^bc  fact  that  we  are  almost  able  successfully 
to  compete  in  the  markets  of  the  world  for  outside  con- 
sumption, and  thus  obuin  (luicker  relief  for  our  languish- 
ing industries  than  waiting  for  the  slow  growth  in  home 
consumption  to  overtake  our  producing  power.  Cannot 
our  leitislators  see  that  all  we  require  is  a  little  states- 
manship at  Washington.  We  must  be  able  to  produ(;e 
goods  cheaper,  and  nothing  stands  in  the  way  of  onr 
doing  it  but  an  inflated,  disoiganized  currency  and  the 
taxes  upon  articles  entering  into  and  thus  enhancing  the 
cost  of  production.  We  can  send  cotton  goods  to  England 
now  and  sell  them  at  a  loss.  When  our  cnrrency  is 
righted  and  our  system  of  Uxation  remodeled,  we  can 
•end  them  there  and  sell  them  at  a  splendid  profit.  All 
this  is  easily  dempnstrated  by  a  comparison  of  prices.  A 
(Couutry  never  had  so  promising  a  prospect  as  onr  own  at 


524 


THE  CHRONICLR 


[iJeceniber  4,  1S75. 


the  present  day,  if  we  could  only  be  rid  of  the  chains 
which  fetter  us. 

These  thoughts  are  suggested  by  the  little  impulse  in 
the  export  movement,  which,  at  the  present  low  and  unre- 
munerative  prices,  has  been  given  to  some  of  our  manu- 
factures. Much  has  been  said  with  regard  to  the  ship- 
ment of  cotton  goods  to  England.  Of  course  this  is  but 
a  little  stream  and  one  that  would  dry  up  very  quickly, 
if  there  was  any  profit  in  the  sale  of  the  same  goods  on 
this  side.  A  slight  decrease,  however,  in  the  cost  of 
manufacture,  would  make  this  incipient  export  move- 
ment not  only  permanent,  but  largely  increase  its  volume 
and  variety,  infusing  new  life  and  growth  into  almost 
every  industry.  As  an  illustration  in  quite  a  different 
direction,  one  of  the  English  hardware  papers,  the 
Ironmonger,  some  six  weeks  ago,  contained  the  following 
passage  from  an  agent  of  one  of  the  Birmingham  firms 
at  Melbourne,  Australia  :  "  You  will  notice  that  our 
indent  runs  more  on  American  ironmongery  than  formerly. 
Their  goods  are  far  superior  to  English  made,  and  latterly 
they  have  been  mui'h  cheaper.  There  is  no  comparison 
in  the  profits  they  pay  us,  and  they  give  universal  satis- 
faction. Small  wares,  books,  tools,  &c.,  indeed,  all  sorts 
of  American-made  goods,  are  now  being  sold  in  the 
market,  and  when  once  used,  seen,  or  sold,  the  user  or 
buyer  will  never  again  look  at  English-made  articles  of 
the  same  class." 

Great  as  the  hardship  may  have  been  to  which  our 
manufacturers  of  all  kinds  of  goods  have  been  sub- 
jected since  the  panic,  there  is  this  satisfaction  and  con- 
solation, that  the  greater  cheapness  at  home  has  thus  been 
the  means  of  stimulating  an  export  trade  and  showing 
us  what  can  be  done  when  the  present  disorganizing 
influences  are  removed.  May  we  not  then  hope  that  the 
advantages  gained  are  likely  to  be  pennanent.  Our 
shipping  facilities  to  Australia  and  New  Zealand  have 
been  greatly  extended  since  the  establishment  of  a 
monthly  line  of  steamers  between  San  Francisco  and 
those  countries,  and  there  is  no  reason,  except  the  evils 
of  our  own  making,  wliy  our  trade  Avith  them  should 
not  become  far  more  important. 

Australia  and  the  Cape  will  perform  an  important 
part  at  the  Centennial  next  year.  They  will  exhibit 
their  wool  and  minerals,  and  in  turn  a  chance  will  be 
afforded  them  to  'view  our  goods  alongside  of  those  of 
all  Europe.  That  the  comparison  drawn  will  in  many 
respects  be  to  the  benefit  of  American  machinists  and 
manufacturers,  we  have  little  doubt,  and  the  result  can 
be,  if  our  legislators  will  only  permit  it,  a  renewed 
impulse  to  business  relations  already  quite  important ; 
for  Australia  at  the  present  day  takes  in  large  and 
increasing  quantities  from  us,  petroleum,  agricultui-al 
implements,  hardware,  sewing  machines,  soap,  &c.,  to 
which  it  will  be  an  easy  matter  to  add  cotton  and  woolen 
fabrics,  and  leather  goods. 


PROPOSED  NEW  SDGAR  STANDARD. 

According  to  a  dispatch  from  WasUington  this  week  the 
Treasury  Department  has  prepared  ».  circular,  to  be  gent  to  the 
ollectorBof  castoms  at  all  the  large  ports  on  the  Atlantic  and 
Qalf  coasts,  apking  for  an  expression  of  viewa  upon  the  general 
■abject  of  a  change  in  the  mode  of  classification  and  grading  of 
■  Jgars.  The  points  euirgested  to  the  department  are  the  follow- 
ing :  First — That  sugars  should  be  graded  by  polarization. 
Second — That  the  Gorernment  should  adopt  the  system  of  refin- 
ing in  bond,  as  is  done  in  England,  Germany,  and  other  coun- 
tries. Third — Enumerating  seven  grades  of  sugar,  melado  and 
molasses,  each  to  be  assessed  differently  "  ad  valorem "  and 
specific. 

Polarization  is  the  chemical  process  by  means  of  which  the 
contents  of  laceharine,  i.  e.  cryatallizable  matter  in  sugar  or 


molasses,  melaio  or  boiled  cane  juice  is  ascertained.  The- 
standard  for  molasses  for  refininpr  purposes  is  for  instance  assumed 
to  be  50  per  cent.  If  a  lot  of  molasses  polarizes  above  the 
standard,  the  purchaser  pays  a  proportionately  higher  price,  if 
less,  he  deducts  that  percentage.  To  buy  a  lot  of  molasses 
merely  by  the  color,  body  or  flavor,  was  a  sort  of  bap-hazard 
game.  And  yet  we  followed  that  plan  until  the  beginning  of  the 
present  sugar  season,  when  the  polarization  standard  was  adopted 
by  both  the  refiner  and  the  merchant.  Modern  chemical  science 
has  induced  this  change,  to  the  saligfactioa  of  the  producer,  the 
importer  and  the  refiner. 

Thus  gradually  polarization  is  being  everywliere  adopted 
as  the  only  true  guide  of  saccharine  quality  in  sugar,  and 
the  old  Dutch  standard,  which  judged  by  color  only,  is  now 
rapidly  being  abandoned.  Nobody  has  suffered  severer  losses 
by  the  old  standard  than  the  Government.  According  to 
the  assertions  of  revenue  officers,  strong  and  perfectly  white 
sugars  have  been  purposely  dyed  abroad,  both  cane  and  beet  root, 
and  by  a  darker  coloring  reduced  to  a  comparatively  low  standari. 
After  these  spuriously  dyed  sugars  had  been  got  through  the 
Custom  n  luees,  a  process  of  deeolorization  was  resorted  to  through 
steaming,  nnd  the  importers  and  manipulators  pocketed  the  profit. 

The  following  are  the  present  sugar  duties  :  On  all  sugar  not 
above  No.  7  Dutch  standard,  2  316  cents  ;  above  No.  7  and  not 
above  No.  10.  3i  ;  above  No.  10  and  not  above  No.  1.3,  3  1316  ; 
above  No.  13  and  not  above  No.  16,6  7-16 ;  above  No.  16  and  not 
above  No.  20,  4  1-16  ;  all  above  No.  20  and  on  refined,  5 ;  and  on 
melado  and  tank  bottoms,  1|  cents  per  pound. 

From  this  scale  it  will  be  readily  perceived  to  what  extent  the 
Government  has  laid  itself  open  to  fraud  at  the  hands  of  design, 
ing  parties,  and  it  is  about  time  that  energetic  measures  should 
be  taken  for  the  purpose  of  remedying  an  evil  which  only  a  scien- 
tific search  can  effectually  remove. 

The  facility  of  refining  in  bond  is  also  desirable,  as  it  will  do 
away  with  the  drawback,  and  ii  matter  of  mutual  discontent  or 
doubt  will  thus  disappear,  and  the  Government,  under  all  circum- 
stances, derive  the  revenue  from  these  articles  which  Congress 
may  determine,  without  favor  or  partiality  to  any  branch  of  indus- 
try connected  therewith. 

Such  being  the  case,  we  can  but  applaud  the  action  of  the 
department,  and  trust  that  a  speedy  solution  of  this  important 
question  may  be  had  in  the  premises. 


BRITISH  INTERESTS  I\  TIIS  SiiEZ  CANU. 

According  to  an  assertion  of  the  London  Times,  cabled  to  the 
Associated  Press  of  this  city,  the  British  Government  has  bought 
from  the  Khedive  of  Egypt  €4.000,000  worth  of  siiares  of  the 
Suez  Canal  Company,  or,  say  177,000  out  of  the  400,000  shares 
into  which  the  company's  capital  is  divided,  subject  to  Parlia- 
mentary approval. 

This  piece  of  news  shows  that  England  at  length  appreciates 
the  importance  of  securing  a  controlling  interest  in  this  work. 
The  wonder  has  been  that  she  should  not  sooner  have  taken  this 
step,  for  her  relations  to  India,  and  the  Eastern  world  generally, 
are  such  ttat  in  certain  contingencies  it  would  be  quite  necessary 
no  other  power  should  have  thit  control.  Besides,  her  use 
of  the  canal  now  is  much  in  excess  of  any  other  nation.  Out  of 
the  5,230  vessels  which  made  the  transit  from  December  1,  18G9, 
to  April  1,1875,  8,603  were  British,  and  out  of  the  206,369  soldiers 
forwarded  81.102  were  British,  while  Turkey  forwarded  74,738 
France  30,213,  and  Holland  12,371.  In  times  of  peace  any  power 
friendly  tn  Turkey  and  Egypt  is  at  liberty  to  avail  itself  of  the 
canal  for  the  purpose  of  forwardinar  troops  and  shortening  the 
passage  of  men-of-war  to  the  East.  But  the  whole  aspfCt  would 
change  in  case  of  political  complications  between  the  treaty 
powers.  When  the  canal  was  first  planned,  Lird  Palmerston 
opposed  the  project  strenuously,  but  Napoleon  III.,  with  the 
engineering  skill  of  Lesseps  at  his  back  and  unlimited  means  at 
his  disposal,  pushed  the  matter  to  a  successful  issue.  His  posi- 
tion at  the  time  was  so  strong,  that  the  English  withdrew  all 
diplomatic  action  inimical  to  the  project. 

Since  then  the  canal  has  proved  a  commercial  and  financial 
success.  During  the  first  month  of  its  operation  but  10  vessels 
passed  through,  while  during  the  first  quarter  of  1875  the  num- 
ber reached  455.  The  progression  has  been  most  striking,  the 
number  of  vessels  in  1870  being  489;  in  1871,  763  ;  in  1872,  1,082  ; 
in  1873, 1,173  ;  in  1874.  1.364. 

In  1870  the  net  tonnage  amounted  to  436,609,  producing  to  the 
company  5,048,944  francs  ;  ia  1874  it  reached  1,031,640  tons,  pro- 
ducing 24,748,900  francs.  The  dividend  paid  to  shareholders  at 
present  slightly  exceeds  5  per  cent  annually.     Two  years  ago  the 


December  4,  1875.] 


THE  CHRONICI.R 


525 


•haras  stood  lefs  tbsn  GO  per  crnt  of  the  cspiul  paid  in,  while 
thej  now  commsnd  a  premiam  of  30  to  40  per  cent. 

Ignored  as  England's  Eastern  policy  seems  to  have  been  by  the 
three  Emperors,  since  the  straggle  between  Turkey  and  her 
rebellions  lubjeets,  she  now  takes  a  position  which  will  probably 
secare  her  the  control  ot  the  Isthmus  ot  Sae<.  The  reception 
which  the  Prince  of  Wales  htd  in  Egypt,  on  his  way  to  Bombay, 
sufficiently  proved  that  the  Khedive  in  the  coming  difficulties  leans 
emphatically  on  Qreat  Kritain.  To  have  the  financial  control  of 
the  canal,  backed  by  all  the  naval  power  of  Englani),  weald,  In 
the  event  of  serious  complications,  be  tantamount  to  actual  pos- 
session, and,  whether  they  liked  it  or  not,  the  three  Emperors 
would  have  to  shape  their  future  plans  of  the  pacification  of 
Turkey  aeoordingly. 

A  fact  of  still  more  immediate  interest  in  the  same  connection 
is  the  rebellion  existing  in  the  Malay  peninsula,  the  importance 
of  which  would  be  greatly  increased,  ii  the  revolt  spread  into  a 
nan  general  rising  in  India  proper.  Great  Britain  can  at  no  time 
bcpnetically  hampered  In  the  use  of  the  canal,  even  were  Bussia 
ISTolvcd  in  these  troubles. 


tuations,  except  in  Mich  gan  Central,  which  fell  off  sharply  just 
at  the  close,  and  on  the  30tb  touched  57.  This  decline  was  on 
rumors,  not  afterwards  confirmed,  derogatory  to  the  financial 
standing  of  the  company.  The  Union  Pacific  Railroad  decision 
made  public  on  the  30th  sent  that  stock  up  to  83}. 

The  following  table  will  show  the  opening,  highest,  lowest  and 
closing  prices  of  railway  and  miscellaneoas  stocks  at  the  New 
York  Stock  Exchange  daring  the  months  of  Oct.  and  Nov.: 

BAHOS  or  STOCKS  Ol  OCTOBIB  AXD  KOTEVBEB. 


FIfllXCIJL  REVIEW  OF  !iOVElBEB. 

1  here  were  several  important  events  in  the  month  of  Novem- 
ber, which  are  worthy  of  special  notice  as  carrying  more  than  a 
temporary  interest  In  the  financial  markets.  The  Secretary  of 
the  Treasury  called  in  $27,785,000  more  of  the  United  States 
Five-Tw<nty  bonds,  of  which  $5,000,000  were  for  account  of  the 
siakins  fund.  This  call  exhausts  the  whole  $.M)0,000,000  ot  5 
per  cent  bonds  authorised,  and  clotee  very  successfully  the  nego- 
tiatWa  of  those  bonds  at  par  in  gold,  while  they  have  b«eii 
growing  in  favor  both  in  the  homo  and  Loadoa  markets. 

The  groeral  elections  early  in  November  were  also  attended 
with  unusual  iatereet,  as  the  financial  qaesttoB  haa  aaver  beea 
so  eoBspieuoasly  lovolved,  and  the  resall  was  geaerslly  regarded 
as  a  decided,  even  if  not  a  oonelnsive,  declaration  in  favor  ot  a 
steady  and  gtadnal  relnrn  to  specie  payment. 

Jaal  at  the  eloM  ot  the  month  came  the  decision  of  the  U.  8- 
Supreme  Court  on  the  Unloa  Pacific  Railroad  case,  which  being 
the  unanimous  oondutlon  of  the  Judges  and  a  strong  declaration 
ia  favor  of  the  company,  had  a  marked  efbel  ta  flaaaelal  circles, 
as  it  iavolved  qneetions  which  bear  directly  apoa  all  the  Padfic 
railroads  In  whose  behalf  abbsidy  bonds  have  been  Issued  by  the 
Qovemmenl.  A  list  of  theas  roads,  sad  the  amount  of  bon«ls 
Issued  to  each,  ss  well  ss  the  amount  of  interest  paid  by  the  United 
States,  will  be  found  on  aoolker  roiumo. 

Money  was  easy  throughoat  the  month,  and  what  the  Bank 
reserves  lust  In  legal  tenders  was  made  up  by  a  gain  ta  specie. 
Oov^mmeot  bonds  advaaead  both  here  and  ia  London,  and  at  limes 
there  was  quite  an  active  btudnaas,  a  part  of  which  was  on  specn 
lallve  ac«o«Bt. 

I  or  eovaaaajDiT  ■sotnoms  ta  sovBassa,  ittn. 


Jtov. 


IK "n read,  (sit  «>'n  mob  mob  uatt  sttB  mc«  lo-nh  i040s 
coap.    rrc.  nap.  MM.  UH.  IMl  MfT.  18H.   ng.  coap.  i 


* BaetkMi  Holiday. 


a. 

4. 

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10. 

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u. 

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15. 
M. 

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.  iH>«   ....  ii»x  uiH   lat 

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.-«       .ii       •  ■'  '"'<  '»*k  '*•*  >*•» '  '•-•'"  '•  *•  •" "  '•"  •  • 
iMW  m    fm%  xuH  ti«>f  II*    \mi  inn  iwx  ivii  mn 

•.\-,\  it*x  It!    iu\  \up,  \ion  m%  latx  HI    iiTM  uaw 

The  market  for  speculative  atockH  was  geiMfatly  depressed  lo 

the  latter  ;art  of  October,  but  became  more  animated  and  buoyant 

at  the  eloaa  ot  that  moath  and  the  opening  of  November,    Stocks 

•abaeqaeatly  ml«d  comparatively  steady  withont  estrama  fine- 


. October. , 

Rallraa4  Stocks.  Open.  Blsh.  Low.    aos. 


101  loa 
4  4X 

MX  106.x 

lOO  100 

M  W 

\m  imx 

iiox  IllX 

»X  M 


Allway  A  8a«qnehann»    101  108 

AtlanUc  A  PbcIBc  pr«r..      S  9X 

Central  of  New  Jersey. .  log  108 

IVntnl  pKillc  ItO  100 

CblcasoAAllon W  K 

^io  prof...     10»X  IIH 

Chicago,  BarL  Jb  Qalncj  lllx  lit 

Cbleaso,  MIL  *  Sl  Paol    S4X  asx 

do  do    pref.    SSX  tSX     UX     (tX 

do       ANorthwat'n    a^  40        3tX     n 

do  do   pref.    MX  54X      4«         SOX 

do      *  Bock  Island.  lOSX  lOtX    ICIX    IMX 

C1eva,Cai-ClD.*Iiid..    SOx  Ux     4TX     MX 

Cleva.*ntUbarzeiiar.    «1  SIX     8SX     W 

Coluk-ChlcAIiA.C.      SX       »X       SX       4X 

Dd!rbek.*We«lem..  ItO  110       115       118X 

DakaneABIouCltr..    63  68X     6t        6SX 

Knj. itK  J8X     14X     18,S 


do 


n 


IUaalbsl*»t.Jo«1>h..    19X     *tX     ISM     1»V 


at 


»x    tix 


Hartaa mx    IS*       1M>X    13IX 

do      praT MIX    ItlX    1SIX    ItlX 

niiaaisOsabBl mi     aS        88X     atx 

KaaasrBdae  ICx     II        lOX     lOX 

LakaAaAMlcb-SoaUi    MX     6i;i     SlTi      ti 
M«ISNa*ClB.  lat  pref.    10 

MiehlaaB  Osattal ST 

MaTKaiMaaATexa*....      6 
UdnlsAlasez IM 


10 
6S 

6 
104 


l5 

IO«X    lOSX 


9X 
6«X 


New/cfsry ISIX    IStV    ISIX    IStX 


K.I.Oaa.*air....  lOiix   I05 
M   V.Hsvai  *  Hart.  141       145 

OUaAIOsriaslppI 17X     HK 

do  pc«r.  ss      St 

PMHsariUssoarl tsx     SSX 

PaaSBS. 1«      146 

Pltla„r.W.  ACbl.caar   tTX     ta 
Rows  *  WBletlDWB  . . .    M         SO 
RaaasdBsr*Bsnt->fB..  lis 
rt  L.,ARcs*T.  U.  ...      5 
do  prrf.    ft 

St.  L,Irea  Ml*  Boatb.    It 
HLLsals,KaB.C*II..      a 
«•  do     prrf.    at 

Tarrslsats*  iBdlsBsp. 
TeMareerlaAW 
TsL,  WOk. «  Wwi 


pref 


tx 

t.S 


US 

5 

tt 

n 
1^ 


tx 


i&    •i 


a  tx 

101 X  104X 

itax  lo.x 

IS  isx 

tl  SIK 

IX  los 

ISO  lai 

»7X  »TK 

M  SO 

ll.%  US 

s  s 

Six  aox 

1«  14 

6 

aiv 

tx 
»•< 
tx 

tix 


tS^ 

■*x 

6 


Open. 
103 

4S' 
lOli 

»SX 
106 
UIX 

34 

6tX 

r,n 

SI 

103X 
MX 
90X 

4;( 

118X 
6S 
18,'f 

to'" 

MX 
133 

M  ' 

II 

tt 

MX 

tx 

I03X 

wx 

IWX 
1<4 

><x 

S3 
lOX 
1» 
WX 

liiii 

tl 

It 

6 
t7 
ItlX 


-November. . 

Bieh.   Low.   Cloa. 

101       103       104 
»X        4X        4X 

106       101       106 


98 

lOS 

113 
»TX 
6TX 
SflX 

106 
60 

ISO 
66 

18X 


95 
105 

mx 

34 
6«X 
3«X 
51 
103X 

sax 

88X 
4X 
117?» 
64 
!4X 


S4X  19X 

SSX  ** 

133  IStX 

asji  tox 

ItX  10 

tax  ux 


91X 

106 

US 
S5K 
65X 

asH 

53X 
105X 

67 

SSX 

4X 

U9X 

t6 

1« 

ii" 
»»X 
isa 

w;s 
nx 

60X 


67X 

57 

SB 

«V 

6 

8 

lOtX 

lOtX 

103X 

133 

ist.x 

133 

s 

1 

■X 

106X 

10« 

lC5>i 

148  !< 

144 

148X 

mx 

1*!.' 

nx 

40 

^iiS 

S9 

i»X 

"X 

is« 

Its 

ita 

»8X 

WiX 

»5X 

U4X 
6X 
S4 

18 

.?'* 
lt4X 


UIX 

s 

tl 

14 
5 

t6 

laix 


l:4X 

6 

tS'* 

latx 


tx       6X       6N 


fix 

DUtrlctTWi 

Ausaite*rkci«eTel...    at 

WMtwslMoaTBl nx 

AaMtesaOoal (tt 

riiMiimi'n  rml «sx 

XsfitasdCeal UX 

PiMUltuBli  Oeal ... 

HoriBC  Moaatala  Coal 

ciaioB 4SX 

l'p'aaL*M..a«a'tp*ld    lOX 
do       do  pref.  dn        II 


QaMtsUvar. 


"X 


_     ESi-.:::;: 'S« 

7Bilsd8ialMBzpreas..    ax 
Vai^ParnlzprasB...    lax 

MTlBad.  Oaaal latX 

u.anBMCo aaa 

NswTorkOaa  148 

UAPeLOo. 


lot  I 


7»X 

itex 

lit 

Ita 


*4x   tax 


lax 

47 
47 
I6X 


tl* 

IS 

««x 

lOIX 

67X 
45 

7»X 
ItO 

SIS 
it< 


aa 

17  K 

78 

lax 

n 

47 

47 

48 

I6X 

itx 

46X 

ss" 

lOX 

8X 

11 

ax 

IS 

isx 

atx 

ao 

tsx 
I6X 
4i« 
78^ 

tltX 

aeo 

148 


86 

100 

40X 

to 
lax 

78 
48 

48 

Itx 

tr7x 

68X 

»i 
8 
7K 

lot 

SIX 
4iX 
7«X 

141 

tlS 


8iX     ttx 
100       100 


81, H 
100 


43X 

S7H 

41 K 

%• 

to 

80 

I8X 
78 

sg 

48 

47X 

48 

48 

47 

47 

18 

1«X 

18 

«nx 

t77X 

«nx 

to 

t4 

at 

40 

SS 

40 

8 

T 

7K 

7X 

7K 

18 

17 

17 

tsx 

»»x 

tl 

IW 

101 

lot 

«l 

87X 

to 

SO 

4«X 

55 

8t 

■SHX 

81 X 

It4 

itux 

Ittx 

SIS 

SI5 

SIS 

tox    atx    tox    MX 
Said  declined  shortly  after  the  opeaing  of  the  month  and 
roMmostot  the  time  at  114  to  115.     Some  strength  was  im- 
lato  in  the  mmth  by  tumors  of  war  with  Spain,  which 
I,  so  far  as  known,  quite  groundless.    On  gold  loans  ratCH 


waia  easy. 


-^v    » 


oouaiB  or  bold  m  hots 


msw 


Date. 


Ill 


Saaday'.... 

Monday 

ToBsday 

WsdaaMtej. 
Thuadajr ... 

HMKajV.'.'. 


Taeadsx 

Wadaeaday. 
Thandajr... 


S' 


^ilsj 


1   !• 
t 

S  1 

4  '. 

5  \ 

.*■■■ 

1\    ....'.     ....  .... 

8  IISH  lUX  U6X 
.  9  114'^  111*.'  115 
.10  1tlS|114.S,114X 
.11  llu!ll4>«'lMX 

iti:4v«  i;i';  luj^l 

Ml  :I4X| 
14 

.16  1      .  1<X' 

.16  111  .  i;i  . mx 

.17  114X111  •>.lttX 
.18  1UM;IM)«  IHX 

19  r.4x  iHs  IIS 

.to  lUH  M\%,\\i\ 

III  ....I  ..  .i  .... 

tt'lUH  I14X  U4X 
ta  114X  1I04  "4V 


114x1 
1I«X| 
II4X 
II4K 
114X1 
IMS 

liiii; 

VAi, 
lUK 
lUX 

iU4X 

lUii 

'114",' 


Wednaaday.. 
Ttaaradar . . . 

rrlday 

!>aiarday 

Sunday 

Monday 

Taaaday 

Nov.,   ISTS.. 

I8J4.. 

1878.. 
'  1878.. 
'  1871.. 
'  1970., 
'       IWi. 

!■< 

•  1- 

•  1-. 
'        18S5. 

'     laai. 

•  1883. 

Igf.l. 
8'ce.li.n.  1. 


i 


0_ 

114x'll4X 
■lay.  1  .... 
:i4x  II4X 
114X  U4X 


V'  ,  Il4x:il4>; 

ao.iiix  1";;  iisxiisx 

I      '       '      I 
...hits'  U4H  utx'iisw 
...  lli>X  Ito    \\\%\  lltx 
..  ||08<4  intX  II0I4  )<>'' 

...  iis^;  \\;\  ;iiv  ii*h 

"loK 

''io;< 


...     JittH 

....|:46    .. 

....H»X  '»■'     i^H  '" 

1875  UtX'IIIW  117S  USX 


526 


THR  CHRONICLE. 


[December  4,  1875. 


OLOSina    PBlOlia  op  OOSBOLg    AKD  O.    i.   «H0ORITIli»  AT    LONDON   IM    KOY»MB»H. 


Date. 


Consols  U.  S. 
I  ror  I  6-30, 
money.  l'65o. 


Monday... 
Tuesday.. 
Wcdnesd' 
Thursday 
Friday... 
Saturday. 
Sarvday.. 
Monday.. 
Tiicpday.. 
Weduesd' 
Thursday 
Friday..., 
Saturday. 
Sunday... 
Monday.. 
Tuesday. . 
WedncBd*, 
Tbarsday 
Friday.... 


.Consuls  U.  S.i  I 

Date.  for     1 5-20,  5-ao,  MMO 

money. r65o.|l867. 


Holl  day. 

IMK  lOSJi  liX^i 
IMX  108)»  IICMK 
103X,1US     104X: 

lOSkilM  "lCM>ij 
101><;108«  lOlsl 

108V|10H)(  104X 
IMJf'lOSXKMx; 


108«.108X,104;4l 

....I    ....(   ...   I 

1U3X  108X|)04}i 

i(i3«iio8«  ;04X 

103)4  108x1 104K 
10.'i«!l08J<|l(MX 


Saturday, 
Sunday,. 
Monday.. 
Tuesday. 
We  Inead' 
Thursday 
Friday... 
Saturday. 
Suuday.. 
Monday.. 
Tuesday. 


..iOM  15-16  J03H 
..ai     I  ... 

..sar,        iio.ij< 

88  95  8-16  ilOikj 
yJ4»5!>-I6  iia)X 
..85'!»5-lU  1U.'!X 
..26  9IJ4  ;IOSX 
..87  9SS-16    108X1 

..881    ' 

..S9  95  7-16 
.80  95  8-16 


108  J< 

169" 
109 
ll»X 
!0'.IJ.- 


104X 

104X 
105X 
105X 


101« 
103X 


U'9XilOBJ< 
109>i!l39X 

mii  lusv 

109X  100>* 


Opening iS4  9-16    10,^)i|l08V 

Ulghest 95  9-16  il03«|10!l>i 

Lowest 93  15-16  iai)i  108 

Closing 195  3-16  lloax^lu^X, 

High.  (.Since  95X         108Jt  109X 
ILow.  f  Jan.ljOl'/j       |103)!rll06>^ 


10«X 
10  >x 

105>i 
107 

loax 


Foreign  exchange  was  comparatively  steady  and  witliout  any 
feature  of  special  moment. 

STBRLINO   KXCHANGK  FOR  NOVEUBER.    1875. 


60  days.  3  days.         | 

N»v  1..4.78>j@4.79      4.83>i®4.84 

S... .Election  Holiday 

"  8..4.SI'X@4.81  4.85)iS4.66 
"  4..4.8n>i@4.81  4.85X@4.86 
"  5..4.79)4®'i.80  4.SSX®4.86 
"      6..4.7".IX®4.80      4.85X@4.86 

"      7 8 

"  8  4.fO  (S4.80>^  4.66  @4.86X 
"  9..4.S1X@4,82  4.87  @4.8TXI 
"  10. .4  81  &i.6i)i  4.86X@4.87  | 
"  1I..4.82J,-®1.83  4.87X®4.88  | 
"  lS..4.<'2)i@4.f3  4.3;X@4.88  I 
"    13.  4.82M'@4.83      4.8:>4a4.88 

"     14 S I 

"    15.. 4  83>f@4.84      4  S?«@4.8S     ! 
"    16..4.83X®4.a4      4.81X®1.88 


60  days.  3  days. 

Nov. 17, .4,81    @«.84)i    4.88    @1.88;f 

"  18,.4,8t    @4  84X    4.8W®4.88 

"  19, ,4,84    ®4,84>i     4.87>«&>4,g8 

"  SO. .4, 84    ©4.84X    4.87X@4.88 

"  21 S 

"  S2,  4.83X®4,84       4.87    @4,87X 

"  23.,4.a3>«@4,84X    4,8TX@4,88 

"  24..4.88X®4,84X    4.87X@4.88 

'*  25... Thanksgiving  Day 

"  26..4.83>4®4.84X'  4.87X®1.88 

"  aT,,4,83>i@4.84V'    4.b7>j@4  bS 

"  28 S 

"  29, ,4,84    @4.84>i    4,87,><@4.83 

■  SO. .4. 83    ®4,83ii    4,86>i@4,87 


Range.  ,4,78X®4.84>i    4.83>i®4.88X 


DNITED  STATES  IMPORTS  A.\D  EXPORTS  FOR  OCTOBER. 

Ws  are  able,  lUrough  the  Chief  of  the  Bureau  of  Statistics,  to 
give  our  readers  the  leading  details  of  the  trade  of  the  country 
lor  the  month  of  October,  and  a  summary  since  January  1st.  The 
statement  is  as  follows  : 

mPOKTS     AND     EXPORTS     OP    MERCHANDISE    INTO     AND     PROM     THE     SEVERAL 

PORTS  OP  THE   tmiTED  STATES.    LURING  THE  UONTH   ENDED 

OCTOBER  31,    1S73. 


Cuslon-.s 
Districts. 

Imports 

. — Expo 
Dom'tic 

$ 

rts, — , 

For'n 

$ 

Customs 
Districts. 

Imports, 
$ 

, Ex[>o 

Domestic 
« 

853,618 

Alaska,  A.T. 

Mobile,  Ala... 

82.597 

Al'inrle,  NC. 

.VIontaun,&c. . 

674 

Al'xdria.Va. 

8.20: 

7, 199 

Nantucket,M8 

.... 

An'polis,  Md 

Natchez,  Mt;s 

Ap'chcola,  F 

... 

•  •  •  • 

Newark.  NJ., 

321 

Aroost'k,Me 

5,320 

.... 

N  Bedford,  Ms 

4,900 

Baltimore  .. 

1,643,157 

2,106,286 

6,716 

.Vburvporr,  Ms 

594 

Bangor,  Me. 

26 

55,656 

.... 

Mw  Haven,  Ct 

31,813 

* 

B'sUble,  M'e 

N  London,  Ct 

1,838 

3,375 

Bath.  Me.   ,. 

1,059 

20,203 

V  Orleans,  La 

1,132.350 

5,711,766 

Beat  fort.NU 

:^ewport,  R.L 

3,818 

Beaufort,  SC 

*** 

8.428 

New  York.NY 

20.083,008 

32,514,131 

Belfass  Me. 

840 

Niagara,  N.Y. 

295,737 

62,711 

Boston,  Ms,, 

2,908,204 

2,833.325 

t 

Norfolk,  Va.. 

1,80b 

328.731 

Brazoi',  Tex 

Oregon.  Or... 

318,930 

Bridgel'nN  1 

O'gatchie,  NY 

91,291 

49,5113 

Br'l&W'nRI 

0«we20,  NY.. 

1,606,308 

155,,13; 

Brunsw'kGa 

.38,700 

Pamlico,  NC. 

1,669 

BuirCrk,  NY 

448,119 

3aa,2» 

3,P.8 

1'  del  Norte,  T 

23,242 

Burl  ton,  NJ 

P'qaoddy,  Me 
P.  Biver,  Miss 

65, 166 

111,03,1 

C  Vlnc't.Ni 

1!,436 

58,359 

.... 

47.3111 

Casiine,  .Me, 

Pensacola,  F,. 

409 

69,26i 

Chmpl'n.NY 
CharUtn,  SC 

2)-i.,i8; 

117,337 

.  •■. 

P  Amboy,  NJ. 

18,580 

1,974,828 

Petersburg,  Va 

Ch'Btone,  Va 

Philadelphia,. 

1,450,456 

4,421,975 

Chicagislil, 
Corpus  Chris 

162,123 

250,415 

Plymouth,  Ms 

Portland,  Me.. 

70,910 

147,324 

Cuyahoga,  0 
Dell  ware,  D 

181,755 

99  307 

Po'moutn,  NH 

2,215 

Providence.Rl 

2,213 

De  roit,  M'h 

2!  1,019 

370,373 

i,7jy 

Pt.  Sound,  W  1 

2,132 

45,315 

DuLuih.Mn 

(,8S 

3,196 

Kichniond,  Vu 

83,662 

55,370 

Dunkirk  •¥ 

Sacn,  Me  ..  ,. 

KastDist.Md 

s.  Harbor,  NY 

Kdgart"n,M8 

396 

Salem,  Mass,, 

1,74C 

7,562 

Erie.  Pa,,., 

182,8!lfi 

15,065 

Salnria,  Tex,, 

11,598 

3!,3(IC 

Fairfield,  Ot 

Ui6 

.... 

.... 

San  D:ego,  Cal 

3.167 

F,  Riv,  Mass 

Sandusky,  0. 

1877 

8,257 

Fernandina, 

.... 

16.7fO 

.... 

•i  Fraucisco,C 

3,54S,0;7 

3.090,i>!l3 

F,  Day,  Me, 

•  ..• 

..,. 

■Savannah,  Ga 

14,9;6 

3,090,663 

Galvest'n,  T 

10l,U.3 

1,193.963 

58.254 

S.  Oregon,  Or 

,,., 

Gei  esee  NY 

42,1.M 

101,030 

2,255 

St  Aug  tine.S' 

George'n.no 

229 

St  John  8,  F., 

492 

2,180 

George'n.S  C 
GlouVer,  Ms 

4,E64 

St  Mark's,  F, 

25,160 

SOO 

St  Mary's,  Ga 

6,500 

GtKnar.N,! 

stoniiigion  Ct 

Huron,  .Mich 

a6,876 

3:i7,fl30 

+ 

Superior  Mich 

Knl)nnk,  Me 

... 

I'ap'nock,  Va 

Key  West,  P 

72,513 

61,104 

m 

Techt,  La    , 

L  K  Har,  NJ 

Vermont,  VI, 

428,483 

36,43P 

Machia.s,  Me 

at 

9.918 

120 

Vlcksb'g  Miss 

* 

Mar'head,  M 

1,082 

« 

Wal'boro,  Me 

113 

9,600 

Miami,  Ohio 

105,8M 

01,600 

William'ie.  0, 

8,853 

196,514 

Mic'gan,  .Mh 

127 

.... 

VVilm'ton.  NC 

7,216 

1.32,427 

M'town.  Ct. 

VV'iscasset,  Me 

57,i;02 

Milwauk,  W 

18.8771    396,950 

....  [York,  Me.. 

Hin'sot^,  M, 

26:(.750 

190,041 

1  Vorkiown,  Va 

44,3C4 


443 
54,416 


66 


Foreign 
Exports. 
$535  617 
217,316 
7,967,105 
6,636,662 


+  Boston  foreign  exports,  |,154,597.    Huron  foreign  exports,  $142,278.     ■*  Not 
reported. 

The  following  are  the  totals  for  the  month  of  October  : 
Imports,  ,$36  513,461  |  Domestic  exports, $.30,^74,503  |  Foreign  exp'U.$l,180,569 
Not  reported— Alaska,  Brazos,  Corpus  Christi,  Superior. 
The  total  amount  for  the  month  and  for  the  ten  months  this 
year  and  last  year  are  atateil  as  fellows  : 

Merchandise.  Total  Domestic  Foreign 

Imports,  Exports,  Exports, 

Month  ended  Oct  31, 1875 $.36,543,401  $60,274,508  $1,160569 

1874 45,291,2.55  47,812,K98  1,418'337  L 

;0  months  ended  Oct,  31, 1875 434,SiS,270  442,7113,333  10  888  ,"70 

"         1874 487,530,655  499,347,759  13,313,'399 


Spet^  and  BuUUm.                    Total  Domestic 

Imports.  Exports. 

Month  ended  Oct.  31,  1875 .    $j,5i6,03'J  $3,130,760 

■•      :s74 1.210,084  2,.504336 

10  months  ended  Oct.  80, 1876 18,967,927  53,167,49! 

••                       "         1874 12,039,274  48.7!*5,4j0 

These  are  the  gross  figures.  But  to  make  a  comparison  bntween 
the  imports  and  exports  it  is  necessary  to  reduce  the  domestic 
exports  to  specie  value.  This  has  been  done  by  tlie  Bureau,  and 
by  substituting  those  figures  the  statement  would  be  as  follows; 

Ten  Monthi.     Exports.  Imports.  Exports.  Imports. 

Merchanulse,,     $ $434,858,270               $  t4&7,5S0,65S 

Domestic.  387.780,876  450,833,298  

Foreign....     10,888,870  13,313,899  

Specie.  78,184,603  18,967,937  54,432,052  13,039,374 

Total $471,804,313  $153,825,197  $518,128,744  $493,569,929 

In  the  total  values  of  imports  and  exports,  the  decrease  from 
last  year  (including  specie  in  both  cases)  is  about  ninety  million 
dollars.  

THE  DEBT  STATEME.NT  FOR  NOVEMBER,  187S. 

The  following  is  the  offizial  statement  of  the  public  debt  as 
appears  from  the  bDoks  and  Treasurer's  returns  at  the  close  of 
business  on  the  last  day  of  November,  1875: 

Debt  bearing;  interest  in  Coin. 


Character  of  Issue. 


5s, 


of  1858 

of  1881 

Oregon  War 

of  1881 

of  1881 

10-40's 

5-208  of  1864 

5-208  of  1865 

5-21's  of  1865,  new, 

5-20sof  lf67 

!>-2l)sof  1863 

Funded  Loan,  1881 


Auth'rizing 

Act. 


Jnne  14, 
Feb,  8, 
March  2, 
July&A,, 
March  3, 
March  3, 
June  30, 
March  3. 
March  3, 
March  3, 
March  3, 
July   14, 


gE-  I  Periods.  I  S 


1S74   .1. 
1880   J. 


1-81 
1881 
1881 
1904 
1884 
1885 
18N5 
1887 
1883 
1881 


&  3:a 
&  J.  4 

&  J,l  c 
&  J.id 
&  J.Ut 
&.S.*\d 
&  ti.U 

&  N,k 
&  J,yi 
&  J,  d 
&  J,!rf 


Bonds  Outstanding. 


Registered.       Coupon. 


$260,000 
13,794,000 


125,900,.'i50 
63.683,300 

141,643,310 
2  ,601,056 
3.3,8m, 850 
5a,323,500 
8:1,008,800 
14,630,500 

216,102,050 


4,6il.0OO 

915,000 

63.421,C00 

21,816,700 

52.924,000 

26,287,050 

118,642,400 

143,3:19,0110 

221,5-1,3,950 

22,843,.30O 

249,456,400 


Aggregate  of  debt  bearing  Interest  in  coin $768,928,71 0    $9i5,32-2,eOo 

The  sizes  or  denominations  of  each  issue  of  bonds  are  as  follows:  (a)  Coupon 
$1,01)0.  rejjistered  1l3,0)D,     («)  coupon  $1,000,  registered  tl,iWO,  t^,On.  $10,000. 
{O  $.30,  $1UU  and  $.300.    (d)  coupon,  $51.  $103,  $503  and  $1,003,  registered,  same 
and  also  $.5,00)  and  $10,030. 
*  Coupons  of  $53  and  $103  bonds  are  paid  annudly  in  March, 
Ou  the  above  issu-js  of  bonds  there  is  a  total  of  $7,9J0, 12 1  of  interest  overdne 
and  not  yet  called  for,    Tho  total  current  accrued  interest  to  date  is  $36,-235,179, 
Debt  Bearin%  Interest  in  Lawtnl  ITIoney. 

I  Principal,  Interes 


3s,Navy  pension.  Act  July  2i,'68,  Int,  appl'donly  to  pens'ns  $14,030,000  $173,000 
Debt  ou  Which  Interest  Has  Ceased  Since  ITIaturitF. 

There  is  a  total  amount  of  overdue:  debt  yet  outstanding,  which  has  never 
been  presented  for  piymjut,  of  $2i, t:tO,S70  principal  and  $3-!!4.37I  interest.     Of 
this  amount  $17,033,100  is  on  the  "  called"  flve-tiventles  ot  1862, 
Debt  Bearins  no  Interest. 


Clmracter  of  Issue. 


Old  demand  notes 

U,  S,  legal-tender  notes  , , 

Certificates  of  deposit 

Fractional  currency 

Certif  s.  for  gold  deposited 


Authorizing   Acts, 


July  17,  1861.  and  Feb,  VI,  1862 

Feb,  23  and  July  11,  '6 !,  and  Mar,  :i,  1863 

June  8,  1872  

July  17, 1862,  Mar.  3,  1863  &  Jnne  30, 1864 
,Mar.  3,  '63  (in  $-iO,  50,  100, 503, 1,000,  5,000) 


Aggregate  of  debt  bearing  no  interest. 


Outaland'g. 


$63,707 

■372,471,772 

42,610,000 

42,.356,1C5 

1»,71)6,51X) 


t477,!0t,081 


Recapitulation. 


Debt  bearino  Interest  in  Coin— 

Bonds  at  6  per  cent 

BJuds  at  5  per  cent 


Total  debt  bearing  interest  in  coin 

Debt  bearing  Interest  in  Lawful  Money — 

Navy  pension  fund  at  3  per  cent  

Dbbt  on  which  Int,  has  ceased  since  MATimiTr. 
Debt  bearing  no  Interest — 

Old  demand  and  legal  tender  notes... 

Certificates  of  deposit 

Fractional  currency        

Certificates  of  gold  deposited 

Total  debt  bearing  no  interest 

Unclaimed  interest 


Amount 
Outstanding, 


$1,033,866,550 
660,.384,750 

$1,6 '4,251,300 

14,000,000 
82,430,670 

$372,54 1,47« 
42,nl0,00:i 
42.366,105 
lli,796,50U 


Interest. 


$477,-304,061 


Total $2,207,986,234 

Total  debt  principal  and  interest,  to  date.  Including  interest  dne 

not  presented  for  paymeut 
Amount  in  the  Treasury— 

Coin 


Currency _ 

Special  deposit  held  for  redemption  of  certificates  of  deposit 
as  pronded  by  law 


Total 

Debt,  less  amount  in  the  Treasury,  Dec.    1,  1875, . . 
Debt,  less  amount  in  the  Treasury,  Nov.  1,  1875 


Decrease  of  dtOit  dnrin"  the  past  montii 
Decrease  of  debt  since  June  30,  1873     , ,  , 


$34,335,903 

175,000 
539,,'i77 


20,234 

$.34,960,516 

3,342.946,771 

70,4<14,67S 
l-.',0;4,964 

4-2,610,000 

$125,029,6:18 
2,117.917,132 
2,118,397,211 

}•(  8(1,078 
10.771,593 


Character  of  Issne. 


Bonds  Issued  to  the  Faeillc  Railroad  Companies,  Interest 
Payable  in  Lanrlnl  money. 

I  I    Interest    1  Inteiest  I  Balance  of 

Amount    |    paid  by    [repaid   by    Int.  paid 
Outstaud'g.  United  St'sitr'nsp't'n'.     by  IT.  S. 

$9,835,931 

1,663,228 

8,004,840 

737.41:0 

713,013 

678,5)0 


Central  Pacific 

Kansas  Pacific 

Union  Pacific 

Central  Branch,  Union  Pacific, 

Western  Pacific 

Sioux  City  and  Pacific 


$25,88.5,120'  $11,027,6971  $1,191,763; 
«,303,00Oi      ;3,!0;S,8i)3     1,440,664, 
a7,2;6,512     11,684,321      3,81S,4.''4 
1,600,000  781,808  44,408 

1,170,660  722,,380  9,367 

1,638,320         682,703  10,163 


Total $64,62.3,512'  $28,802,8071  $6,575.854|  $21,626,953 


Detemb*r4, 1875.] 


THE   CHRONICLR 


627 


The  Piciflc  Ballroid  bond*  at  all  inned  ondi-r  the  tcW  of  July  1,  ISet,  ud 
Jb)t«.  1.>'M;  thrf  •rengtoltnd  boDd>  In  th»  denomiDationa  of  $1-000,  «S,(X.O 
tad «10.r00:  bear ( per nni  Intrmi  in cumuc;, pajmble  Jannanr  land  JdIj  1, 
■Bd  maiiire  SO  jtan  ftom  their  date. 

Cattst  fUoiutarn  ani>  (Soinincrcial  (Suglisl)  Nema 

Kaxilaia  .(tarkei  iCsparts— Per  Oakle. 

The  Irtilxclo-ilai^'l-iotationsin  the  marketaof  LonJon  and  Llrer- 

pool  tor  I  Ue  past  «r<9«k  Ua*e  beea  raport«id  by  oabl«,  M   shown   in 

the  (oUowinir  sammary : 

Lendom  Moneg  and  Utoek  Jfarktt.—  TliU  bollion  in  the  Ban 

ol  England  baa  iocremaed  £110.000  daring  the  week. 

Hat        Moo  Taaa.      Wad        Tbar.        Fil. 

UOaao-a  for  aoaey K  »-l«    m-lt  98  3-1  •  z«  S-IG  M  5-1(  9*9-19 

aceoact lAJi         >5  7-I«  xn  l»-tt    n  n-l«  13  T-16  MK 

0.!>.t«(5-Ma,)U«,ol(!.iaiK  iO»M  UHX  1«X  >OSX  108  K 

IMT..  ..  :(»K  IM.i(  10&3f  lOaii  IMii  lODK 

0.8.10-Ma liAH  IMX  lOe.V  l»)t  l«)i  )<»X 

Haw  5« totx  niX  lOlK  WiX  iO*^  IM  X 

Tl'9'iaot«iioQa  'or  United  diates  new  Ores  at  Franklort  were: 

U.S.  now  tree.. WX  

Lit4rp4ot  OoUan  Ittrii'..  — dae  special  report  of  eotioa. 
Uurpool  BreadMufi  Market.— 


Sat.       Mob.     Toe*. 

Wad. 

Thar. 

Frl. 

p.  d.      a^   d.       a.    d. 

e.  d. 

a.  d. 

a.  d. 

roar(WMwni) ftibl  M    K       tl    C       M    C 

34    0 

K   0 

34    3 

Wheat  (UadWa.apO.ycU    •    4        •    «        >   4 

«    4 

0    4 

«    4 

••      (BadWIater)  ...    "    10    9       MO       10    0 

10    0 

10    0 

10    0 

lULil.  Wblla  clab) '■    it    *       11    t       tl    t 

II    1 

n  t 

11     ( 

Cura(W.  mlxe4)1l  qaarter  31    «       St    $       31    « 

03    0 

n  0 

31    3 

P«a«'''inidUa)..«oaarter  41    0       II    0       41    0 

41     0 

41    0 

41    0 

literj-od   I'rotitian*  Market. — 

»ai.      Moa.      Taaa. 

Wad. 

Tbar. 

m. 

a.  d.       a.   d.      a.  d. 

a.  d. 

a.  It. 

a.  d 

BMr(a«*a|Bew9te« MO       >l    0      MO 

IS    0 

M    0 

■1  e 

Pjrk(«aM)aMrVbb!...        V7    0       r,    $      17    0 

K    0 

VI  0 

10    0 

B>c<>a(l.cl.iald.)B«rpcwl    no       37    0       07    0 

W    0 

37    0 

03     0 

Lird  (AmrHcaB)  ...     ~         37    »       07    «       37    0 

37    0 

87    0 

or  0 

Oie«a«rAaar-a  Ibb)    '■        31    0       34    0      M    « 

U    0 

u  s 

14    0 

lAtTpo«t  Produce  Market.— 

ntx.       Moa.      Taaa. 

Wa«. 

Th»». 

rri. 

a.  d.      a.  d.       a.  d. 

a.  d. 

a.  d. 

a.  d. 

ll«M»<eaaaaaa)...  fcwt..    0   1        OS        0    1 

0    1 

3    3 

3     1 

**     Ipalf) 10    0       MO       10   0 

10    0 

10    0 

10    0 

KalrdlM.'<r*OBatf>....T«;a!       UK        WW         lOX         MK 

io« 

1")\ 

.epitlu^....     "            »            t            t 

0 

« 

» 

rtl!o»^Aaarteaa)...V  ewt    40   0      40    0       4«    0 

40    0 

40    0 

40    4 

OtOTerM-idfAB.red)..     "     30    0      30   0       10   0 

SO    0 

SO    0 

30    0 

•t>lrit.  larpaalloe ••     IS    0      03   a       30   0 

13    0 

«    0 

SB    V 

L«itJ«n  froduet  and  OU  Marketi.— 

•at.         Moa.       Taee.        Wad.       Tkar. 

m. 

Cad.£iLd.Xa.d.     M  ^.  i.    M 

a.  d.  M 

a.   d. 

^•(aM).VUMM    0  IJ  »    0    10  lu    0    10  10    0    10  lU    0    10  It    0 

l.->->    :  •:*leatlal....     31    0       31    0        31    0 

U    0 

31    0 

31     0 

■*.t\r    •  '  ISU'cbatd) 

>n.^  :. Vcwi tl  s      n  *     n  3 

a  3 

ts  1 

tl      3 

...«taa.«)  ooisooaeoon 

0    0    H 

0  0  a 

0     0 

.   .       ••    01    0    0    04    0    sot    0    0    14 

S   0    31 

0    0    34    0    0 

...«e«t.    as      n  $     H  • 

U   1 

30    3 

33     3 

(Sommci'dat  aiib  inisccUaueous  News. 

iMiMMrs  Aifo  ExroBTS  roR  tub  Wbmk. — Tb*  tnooru  tbia 
w««k  abow  a  drcreaa*  both  in  drjr  goods  and  ffenaral  mar. 
eliaodis*.  Tim  total  Imports  amount  to  $9JMS,749  this  week, 
aitaioal  f'"  '  "  '  'Knk,  and  $4  lXi,'}fl!i  tue  prarioaa  week. 
Tbe  •!,  .a-i   tbia  werk,  atiaioat  $3,510,817  last 

wa«k  ail.  7  ■  .  ..<  praTlooa  week.    Tlie  eiporta  ol  eottot 

the  paat  wn«k  were  14. 1'.^'.!  balea.  agalDBl  lU^d;  t>alea  last  week. 
Tlir  ;  >t;  ivf'.riiraretbalmports  at  New  York  lor  week  eadinff  (loi 
d-r  >v.  ft,  aad  lor  iho  week  endlBB  (lor  ireaeral  mer- 

eb^  .-.  M: 

jussias  larowTa  *t  asw  tchc  roa  nia  wsbb. 

int.  1073.  1074.  tOTS. 

Drrsooda •l.MkiOa  1007430        11.301.074  StOl.SOA 

Oeoeral  aiercbaadlM...        3kMa,40S  IgOOI.ilO  4,*l4.Tn  t,4B(44: 

Total  roc  the  week.. 
Pinleaaly  rayorted.... 


JMtl^l         M,N«.13«        BMr.T4* 
KMIMn        m,4Hl040       MMU,W1 


M,atb.S» 
M.Mt3tO 

Slaeeiaa.! JWrifiMM     tn»jm,(ai      t90.0M.1M    tn7.»07.1IO 

In  our  report  ol  tbe  dry  ((ooda  trade  will  be  loand  thekmpontol 
drr  gooda  lor  one  week  later. 

Thelollowins  io  aatatement  ol  tbe  exports(exol noire  of  specie) 
(romtbe  portolNaw  York  to  loreign  ports, for  the  week  ending 
Noreraber  30 : 


■jtfusis  wuoM  raw  Toaa  voa  nn  wsn. 
un.  ISIS.  ISI4. 

flwTM.TTI        I8.401.MO        MOOLMI 
—      Jf|,7 


tl«kt3«,S 


l»TS. 
I3.S49.331 


I.77SJIB        M0Ll4t.l43        ttl^a0,l3t 


rorthe 
Fiavlooalyraponat. 

■laeaJaa.l |no,tW,OIS    |tn,17«.ot&     |t)Mu!oM     |tll,7T»,4SI 

The  loUowiog  will  show  the  exports  ol  speele  from  the  port  of 
New  York  lor  the  week  ending  Not.  27,  1873.  and  oiaee  tbe 
baffianin:- "' -I—  •'•ar.wilb  aeomparUoa  lor  the  eorroopondinc 
dM4>  ia  :  '  '-ars : 


Mo*. 


lAmden 


..fliiTrrbara. 
.SIlTerbar*. 


tv.w. 

IM.'OO 


Hot.  37— AU.  Reekar SaQthaaptoB . .  .Mezlcaa  allTer  dolla.       11.000 

'  of  Ckast*r...LlTeipool SIlTarbar* tO»0 


Hot.  ST-atr.  City  i 
XoT.  n— Str.  Ovaaale., 


.UTsrpeol BliTerbars 13.000 

Mexkaa  aUrar 431.440 


TMalfo*  tbe  weak., 
Praneaalj  rvBotiad . . . . 


!."  mSS^su 


I    Same  time  In— 
11809 


1 1907. 

11800. 


Joaairrl,  wn.. 


|07,13tMf 


Same  time  in — 

1874 $49,315,494 

1873 40.856.S95 

1871 t7,SC!.70O 

1871 30.157,377 

1870.  36.^8.294 

The  imports  of  specie  at  this  port  during  the  put  week 
been  as  follows  : 

Not.  13— s>tr.  Ontario Su  Thomas Gold  coin 

Mot.  a— Sir.  AUae Klnpaton Gold  coin 

Nut.  n-Str.  City  of  Marlda... Tent  Cms Silvrr  coin 

Gold  coin 

NaT.  n— Brig  Emily Belize Silver  coin 

Gold  coin 

Nov.  14— Baik  Coracoa Caracoa silver  colu 

Gold  coin 

Nov.  14— Bark  Sagna Porto  Cabelio... Gold  coin 

Not.  17— 8tr.  City  of  Dallas...  Naaaan Silver  coin 

Gold  coin 

NoT.tT— 8tr.CltTofNewTork.A«plnwall SIlTercoln 

Gold  coin 

Not.  tr—Str.Gnlf  Stream Port  aa  Prince.SllTer  coin 


.346,140 
,111,080 
060, 990 
,308,448 

have 

»4,S00 
1.893 

13,070 

58,803 

1.188 

117 

t 

IMM 
4,030 
4,980 
1,111 
l.tiO 
1,180 


Total  for  the  week $107,110 

PreTloaalT  raiK>rtad 11,U4,718 


Total  since  fan.  1, 1875 $:i,8:3,8S8 

Same  tue  in—  i     Same  time  In— 

1S74 $5,8I9,7«4  1 1870 $11,387,367 

18W. n,«38.»«iU»IO 14,870.851 

1811 3.461.914     ISK 0,701,115 

1871 1428,5061  1887 8,031.610 

TiTflBiB  State  PinBnee8.—aoTernor  Kemper  says  in  his  meo- 
raige :  The  erooe  receipta  of  the  Treasary  for  the  paat  fiscal  year 
were  |S^7,790  05,  of  which  $',30,000  was  raised  by  temporary 
loaao.  Of  tbe  Stats  debt  he  says  ■  "  Tiie  whole  debt  proper,  as 
aaaamrd  by  the  Fuodinf;  act,  was  $30,478,741  40.  It  has  since 
increaoed  by  the  sum  of  $1,61A  715  4'3.  by  reawa  of  the  aeeamu- 
lation  of  iot«rest  arrears,  and  during  the  last  four  years  the 
average  lacrMwe  from  this  canae  ha«  been  $454,178  85  for  each 
rear.  I  make  no  account  of  the  third  of  tbe  origioal  ante-bellum 
debt  which  was  by  the  termsof  the  Funding  bill  contract  setapart 
and  aaslgnrd  lorfntore  settlement  with  West  Virginia.  Thesumso 
aasigaedsUndsas  '  Weat  Viri^inla's  third.'  It  is  not  a  part  of  the 
exiatiag  debt  of  Virginia.  Under  the  terma  of  the  Funding  act, 
as  oModed  to  f>y  creditors,  and  oonsequeotly  formini;  a  coDtract 
betweaa  tbe  Slate  and  the  parties  ao  acceding,  uo  liability  can 
attach  to  Virginia  for  the  payment  ol  the  third  thuo  assigned, 
except  by  rlrtne  of  a  settlement  yet  to  be  consummated."  He 
adds  :  "  Virginia  will  pay  her  debt,  and  pay  it  in  full,  as  soon  as 
she  io  able.  8he  will  pay  it,  not  because  her  hands  are  lied  with 
the  withes  of  the  Funding  act,  but  because  her  uotarniahed  tra. 
diiioaal  honor  requires  It,  and  because  what  ia  right  as  well  as 
what  ia  expedient  renders  the  least  taint  of  repudiation  in  her 
action  forever  Impossible.  She  will  pay  now  so  mneh  interest  aa 
ran  be  paid,  and  aliimately  all  the  Interest  and  principal  ol  every 
just  debt." 

— Tks  eirenlar  ol  Messrs.  Saaaler  k  Co., this  week,  has  a  aoUoe 
to  Arst  mortgage  bondholders  of  the  I»gaoaport  Crawfordaville 
It  Boathwastern  Railroad  that  Important  proeeedinga  for  tlie  pro- 
teettoa  of  tbeir  Interesta  have  been  commenced  in  tbe  United 
States  Circuit  Court  at  Indianapolis.  Tbia  aUtes  that  If  bond- 
liolders  will  unitedly  support  this  movement,  it  will  be  suoeess- 
ful  and  cannot  but  result  greatly  to  tbeir  benefit,  and  requests  all 
tbe  first  mortgage  iMadboTders  to  send  their  names  and  addresses 
to  Charles  W.  Maaslcr,  7  Wall  street,  New  York. 

—A  change  is  announced  to  lake  place  January  lat  in  ths 
onaaixatlon  of  tbe  banking  firm  of  Drexel,  Morgan  &  Co.,  Mr. 
Jeeeph  Drexel  retiring,  and  being  ancceedcd  by  Mr.  Egiato  P. 
^bbri.  founder  of  the  well-known  hooae  ol  Fabbri  &  Ciiauncey, 
China  and  South  American  traders.  All  the  other  partners  of 
the  boure,  iocludiog  Messrs.  Anthony  J.  and  Frank  Drexel,  of 
Philadelpbia.  remain  as  belore.    The  firms  of   Drexel,  Morgan  & 

o.,  in  New  York,  and  J.  S.  Morgan  &  Co.,  in  London,  with  their 
braneli  housas  in  other  cities,  stand  now  among  the  few  pre.emi- 
nent  bauklog  hoosss  of  tbe  world. 

—The  National  Trust  Company,  of  the  City  of  New  York,  has 
declared  its  usual  aemi-annual  dividend  of  four  (4)  per  cent,  pay- 
able on  and  after  January  3rd  nett.  The  ofllcers  of  this  well- 
known  inatitiition  are  Mr.  Darius  K.  .Mangam,  president,  and 
Mr.  John  C.  Crnikahank,  secretary,  under  whoae  able  manage- 
the  company  has  attained  its  present  prominent  position. 


IINIINB  AHD  FI.1ll!ICliL. 


SAXLBOAO  BOHOB.— Whslber  roa  wish  to  BITT  or  HBI.I,.  write  to 
BAflSLEB  *  CO..  Mo.  1  Wall  atieel.  H.  T. 

TIXAS  8TATK  BOHOB. 

nsMlus  sad  Tana  Oaatial  RR.  Pint  Mortage  7  par  cant  Gold  Bonda, 

e.  B.  A  B.  inret  Moclgase  7  per  ceat  Gold  Booda, 

TmMM  Laada  aad  Laao  Berlp,  far  aale  bv 

WILUAM  BRAOT,  11  WUIIam  St,  If.  T. 

STOCKS 
Dealt  la  st  the  New  Tork  Stock  Kxrhange  boaglit  aad  sold  by  as  on  margin  of 
flvaperoBBt. 

PRIVn,K0E8 
RMMIalad  at  one  to  two  per  cent  from  market  on  member*  of  the  New  Tork 
BMMase  or  raapooalbla  partlea.    Larxa  innu  have  been  realised  the  paat  3 
Ssfs.    Pat  or  cau  ooeta  on  100  ebarea 

$100  15 
Binddlee  $180  each,  central  300  «bare*  of  stock  for  SO  daya  without  farther 
riak,  while  maay  tbooaand  doPart  profit  mar  be  gained.    AdTlee  and  Informa- 
llon  famiihed.    Pamphlet,  containing  Talnable  itatli-tlcal  Information  and 
•bowlna  how  Wall  atreet  operation*  are  cundacted  sent 

PRKK 
To  any  •ddraas.    Orden  aollelted  by  null  or  wire  and  promptly  exeaatedif 
aa.   Addreaa. 

TUIfBBISai  «  00.,  Bankara  and  Broksar. 

Il«.lWaUslntt  KT 


628 


THE  CmtONlCLfe 


[December  4,  1875. 


($,i]t    8  a  u  k  c  r  s '    @  a  u  1 1  e. 

Kr\TIONiL  BIVKS  ORatNIZBD. 

The  Unitod  States  Comptroller  of  the  Currency  furnishes  the 
following  Btatemont  of  National  Banks  orpranized  the  past  week: 
8,109— Enfiinla  Naiionni  Bank,  Alabanii.    AuIhoriKcd  capital,  $58,000 ;  t>ald-ln 

caplial.  $45,400.    Edward   II.  Yoiuie  P.esldeni; ,  Caahler. 

Auth  iiized  to  coinmonce  biiblncsa  Nov.  81.  1879. 

DIVIOENDM. 

The  tollowln2  Dlrldeadt  baro  rocently  been  acnoanced : 


COMFAHT. 

Pbr 
Cbht. 

Whek 

P'iBLB. 

Books  C'i.08ID. 
(Day«  lEclntWe.) 

Rallrnadii. 

Agricultural  Branch,  gunr 

New  York  New  Haven  &  Uartford 

»1 
4 

Deo.    11           

Jan.    8  Dec.  C  to  Jan.  13 

itll^cellaueous. 

National  Trust 

Jan.     4  Dec.  51  lo  Jan.  8 

FRIDAY,  DECEMBER  3,  1875-6  P.  HI. 
Tbe  Money  Market  and  Financial  Situation. — A   slight 

flurry  amoug  some  of  the  weaker  savings  banks,  the  Union  Pa- 
cific Railroad  decision,  the  abstracts  from  Washington  of  some  of 
the  forthcoming  department  reports,  and  rumors  of  possible 
Spanish  complications,  have  formed  the  principal  topics  of  dis- 
cussion in  Wall  street  this  week. 

The  disturbance  amoug  the  savings  banks  originated  in  the 
failure  of  the  Third  Avenue,  several  weeks  ago,  and  has  been 
followed  liy  a  run  on  a  few  other  of  the  smaller  banks,  most  of 
which  are  undoubtedly  sound. 

The  decision  of  the  Supreme  Court  of  the  United  States  in 
favor  of  the  Union  Pacific  Kailroad  in  its  suit  against  the  Gov- 
ernment, was  announced  on  Monday.  'J'lio  opinion  was  strong 
on  the  side  of  the  Pacific  railroads,  and  had  the  natural  effect  of 
stimulating  sharply  the  prices  of  their  stocks  and  bonds  in  this 
market.  It  is  satisfactory  that  the  Court  Ijases  it.s  opinion  on  the 
letter  and  intention  of  the  laws  under  which  the  companies  have 
been  built  and  operated,  and  disregards  both  popular  prejudice 
or  lavor  on  the  one  hand,  and  on  the  other  hand  the  idea  that 
Uoverument  interests  are  to  be  first  protected,  Avhatever  the 
rights  of  the  claimants  may  be.  A  decision  on  any  other  grounds 
than  that  tipon  which  this  has  actually  been  based  would  have 
been  a  damaging  precedent  in  the  law  of  corporations,  aside  from 
the  injustice  of  the  present  case.  The  remedy  for  immense 
grants  or  subsidies  by  Government,  which  may  be  turned  to  the 
use  of  private  parties,  is  in  rejecting  the  proposals  for  such  gifts 
at  the  outset,  and  not  having  tlie  United  States  Courts  put  a 
forced  construction  upon  laws,  years  after  they  were  passed,  and 
when  innocent  parties  have  become  bona  fide  owners  of  the 
property  involved. 

The  money  market  was  higher  for  call  loans  on  Wednesday, 
(.nd  brokers  sometimes  paid  ()@7  per  cent.,  and  once  even  7  gold, 
but  to-day  rates  are  4@5  percent  ;  government  bond  dealers  have 
been  supplied  easily  at  3  per  cent.  The  cause  for  higher  money 
aljove  noticed  was  the  calling  in  of  a  considerable  amount  of  call 
loans  by  the  City  Chamberlain,  and  probably,  also,  by  some  of 
the  savings  banks.  On  commercial  paper  there  is  a  good  demand 
for  paper  strictly  prime,  at  6  per  cent. 

l'  On  Thursday  the  Bank  of  England  weekly  returns  showed  a 
gain  of  £116,000  in  bullion,  and  the  discount  rate  remained  un- 
changed at  3  per  cent.  The  Bank  of  France  gained  3,378,000 
francs  in  the  week. 

The  last  weekly  statement  of  the  >few  York  City  Clearing 
House  Banks,  issued  Nov.  27,  showed  a  decrease  of  $317,050,  in 
the  excess  above  their  35  per  cent,  legal  reserve,  the  whole  of 
such  excess  being  19,34:0,300,  against  |0,GGG,350  the  previous 
week. 

The  following  table  shows  the  changes  from  the  previous  week 
and  a  comparison  witu  1874  and  1873: 

. 1875. ,  1874.  1873. 

Nov  23.       Nov.  S7.       DlDTerenceB,  Nov.  38.  Nov  89. 

Loans  anadis.  $274.1)97.400  $a71,9lii,J0C  Dec.     J73;,400  $882,275  SOU  $847,982,800 

Specie 15.7;2,0li0      16,208,500  Inc.        530,500  n,:i8»,:W0  lii  U()8,70U 

Circulation....      18,449.400      18.512,100  Inc.         lii,700  84,884.100  27,2i8,8mi 

Netdepoaits..    21(i,iai.800    21.').808,40U  Dec.       383,400  2Sii.7B7,:J00  174,4t;7,200 

Lefal  tenders.      47.93:,300     47,03!J,900  Dec        918,40u  .53,.J01,900  S5,:).i9,.i00 

Vulted  States  Bonds— There  has  been  only  a  moderate 
business  in  government  bonds,  though  prices  are  strong,  and  on 
new  fives  and  10-40s  a  fraction  higher  than  last  week.  The 
savings  banks  have  been  sellers  rather  than  purchasers,  and  one 
of  the  principal  customers  has  thus  been  wiihdrawu  from  the 
market.  As  to  new  funding  proposals,  it  is  seen  that  the  cur- 
rency C  per  cents,  having  less  than  35  years  to  run,  are  now 
selling  at  133,  and  on  this  basis  a  4  per  cent.  50  year  gold  bond 
would  be  worth  about  par  in  gold.  Whenever  the  Government 
had  surplus  funds  to  retire  its  bonds,  the.se  could  be  purchased, 
and  it  is  a  matter  for  serious  consideration  by  the  Secretary  of 
the  Treasury,  whether  a  standard  bond  of  this  sort  would  not  be 
much  better  than  numerous  issues  of  small  lots  of  Government 
bonds  at  different  rates  of  interest,  and  of  uncertain  dates  of 
maturity,  as  5-20s,  10-40s,  &c. 

Closing  pricas  of  securities  in  London  have  been  as  follows: 


Closing  prices  daily  have  been  as  follows: 

Nov.    Nov.    Not.    Dec.      Dec 
Int.  period.      S7        29         30.         1.  9.    ■ 

6»,1881 reg. . Jan.  &  July.  •l2S>j' •■2?«      ....  *xWi    WliU 

88.1881 coup. . Jan. &.!uly. '^Mx  ••.i!)>i    124     »l.'3Ji  'USX 

08,  5-20'8,cillcab...reg..May  &Nov.  'IMX  *il4V    115J<  '\Wi  *'Af>H  -.i5J< 
68,5-»0'8,  called  b.coup..May  &  Nov.  'IIIX  •1:4'^  *V.i\  *\n'/i  'IISX  'llEiJ 

6«,  5-80'e,  18(i5 reg.  May  i  Nov. 'DB       IJOH    UiiH  *11S!<    I'.BX  ♦USJi 

8e,5-20'8, 18«S coup. . May  *  Nov. 'll'iV    llii-i  *llti>i    lit.);    ll«x  *'•!•' 

68,  5  20'8,18«5,  n.  I.,  reg..Jan.  &  July   •120H    1  0;^  "I*  «  «.":117     117     *lUiV 
8«.5.20'8,186Sn.l,coup    Jan.  &  July,    18nj(    12o;i  •lSO>i    :2n^    liox    120?,- 

69,5'20's,1867 ro(t..Jan.  &  July.  *>2i',i    \ii%  •lJ2Ji  *.\:9!<  *11UJ<  •Hb;. 

68,5-20'b,  1867....conp.. Jan.  &  July   »182)i    Vay,    1223i    12im     122«i  •I8i». 
d8,S-S0'9,18«8 rec.Jan.  &  July.  "Vii^i  •12-»;  ♦i;2}i  'x.9>,-    lU}^  *11K', 

69,  5-20'9, 1868 coup  .  Jan.  A  July,*122x    ViV/,*\ii}i    '.2:1       12;1       liii?,, 

5s,1040'a reg.  Mar.  &  Sept.    117     *V.%yt'\\~H    \''A    117,V»ur 

58,10-40'« coup.. iUr.& Sept.  »117>i*in>i  'U'li  *I17«  •lll.ls  •!17', 

58,  funded,  1881 reg    ..Quarterly    ♦lifi?.'    Il<>Ji    11(134'    ll«»i    11«7»    117 

5s.  funded,  1831,. .coop.... Quarterly.  •llBJi    IHif    11",'.^    IITV 'inK    117',' 
BsCuirencT  rce,.Jan.  *  Julc   *125     *.:.\,     *12-;i  *xl22     122     'm^ 

The  range  in  prices  since  January  1,  and   the  amount  of  each 
class  of  bonds  outstanding  December  1,  1875,  were  as  follows: 

. — Range  since  Jan.  1. — .   . — Amount  Dec.  i. 

Lowesv.  nighest      ReKUIcrcd.     Coupon. 

6i,1881 reg. .118     Jan.     6'182;i  May  2HtI93,37T,050 

6e,  1881 coup., USK  .Ian.     Sll3(iJ<  Jujie  17 

69,5-20's,  1364 conp..ll4>i  Nov.  ls;121      Apr.  27 

69,  5-20's,  IS'a coup..  115%  Nov.  11|122K  June  18 

5-20'9, 18fi5,new,conp..ll7)i  Jan.     Sjl24>i;  Juno  17 


68,5.20'9,  1867 .coup. .118)<  Jan.  9' IS.'iK  June  85 

68, 5-20'8, 1868 conp    118     Jan.  91 125>^  June  18 

59,10-40'8 reg.,11.3XMch.  5ill8;4  June  18 

59,10-40'8 conp..lI3Jii  Mcli.  4111(1%  Aug.  2( 

58, funded,  1881.. ..coup.. 113K  Jan.  2!ll9     June  iS 

68. Currency ree.inK  Jan.  4!l26}s  Nov.  83 


to  (ifl4,0."jO 
33.891.8.50 
69.-',23,5(l0 
S9,09li.Sl  0 
!4  «iO,r)!!0 
141,648,300 

2l(i,in2!oi6 

64,623,512 


$. 
89,3.'te.700 
S6,2.',..:5U 
118.618.4  0 
143.3  ;9,600 
S81.5-..5,93  0 
28,843,500 

52,924  0(0 
219,456,400 


State  and  Railroad  Ronds. — There  have  been  small  deal- 
ings in  State  bonds.  Tennessees  are  lower.  Louisiana  consols 
about  3  per  cent  higher  at  50,  South  Carolinas  1  per  cent,  higher, 
Virginia  consols  strong.  The  Governor.s  of  the  two  last-named 
States  take  strong  ground  in  their  messages  in  favor  of  paying 
interest  on  the  consol.  bonds.  The  recent  proposition  made  to 
Alabama  bondholders  is  not  well  received  by  those  in  this  vicin- 
ity, as  it  is  considered  too  small  an  offer. 

Kailroad  bonds  have  been  tolerably  active  and  generally  strong; 
there  is  considerable  inquiry  now  for  the  bonds  which  pay  inter- 
est in  January,  as  these  liave  about  3  per  cent  of  accrued  interest 
on  them.  The  great  event  of  the  week  was  the  Union  I'acifii' 
decision,  which  sent  up  the  bonds  of  that  company  sharply  and, 
in  sympathy  therewith,  the  Central  Pacific  bonds  to  a  less  degree. 
The"  deci.iion  is  important  as  affecting  all  the  roads  to  whiili 
United  States  subsidy  bonds  have  been  issued,  of  which  the  lul- 
lowing  is  a  li.st,  with  the  amount  of  bonds  to  each,  interest  due, 
etc.,  December  1,  JB75: 


Name  of  railway. 


Rate  Principal 
of  in-       out- 
ttrest.     ?tand- 


Central  Pad  lie 6 

Kansfli?  Paciftc 6 

Union  Pacillc 6 

Central  Branch.  Un.  PaciUc.  U 

Western  Pacittc 6 

Sioux  City  and  Pacific G 


inc. 
$25,>*5,ia0 
B,:3U3.000 
27,2.36,512 
l.dOO.OOO 
l.»70,5B0 
l,0i8.380 


Interest 

paid  by  the 

Tnited 

States. 

$11,027,697 

:j,  103,893 

1I.^84.3J4 

781,S',« 

728.380 

632,703 


Interest  Balance  nf 
repaid  by     intercut 
trani:-por-     paid  by 
taiion  of  the  United 
mails.  &c.     State*. 


$1,191,';  65 

1,410.664 

3,879,4!:4 

44,408 

9,867 

10,163 


$9,815,931 

I.b  3,228 

8,001,840 

737,400 

71:1,013 

672,540 


Totals 

The  followiu' 


$64,62.3,512    $28,202,807    $6,575,SM  $21,626,953 

:  securities  were  lately  sold  at  auction: 


Price?. 
50 
73 
lOJs®  10', 


20  8har.>8  St.iten  Island  Railfoad  Company        

tl.OUO  Indianapolis  i  Vincennes  UR.  Ist  Mort.  7  per  ceut.  bond.  . 
*  10,000  Ala,  tt  Chatianooga  Kit.  1st  mort.  8  per  ceut.  fjold  bonds, . . 
$15,000  LaCroste  &  Milwaukee  RK.7  per  cent,  cnnstriictiou  bonds, 

due  April  1,  1867.   Coupons  of  October,  1S57,  on,  $1,000  each,  per 

bond $t*) 

$3,900  La  Crosse  &  Slihvaukeo  Kh.  7  per  cent,  cousol.  bonds,  duo 

Oct.  1.  1861.    Coiiijons  of  ADril,  1858,  on.    Per  lot $11 

$10,000  Xorlhern  Pacillc  I!R.  7  ;)-101aud  grant  reg.  b.:nds -12Ji 

$10;000  No.  thcrn  Pacillc  Kit  7  3-10  gold  uonds ll.V 

$20,0u0  Cily  of  Moiiijjonury,  Ala.,  8  per  cent,  bonds,  due  July  1, 

1888  ^0 

$15,1100  Bucianan  county,  Missouri,  10  per  ceut.  bonds 101    ©lOtlJf 

$5,100  St.  Louis  &  St.  Joseph  RK.  Ist  miirt.  6  g.ild.     51^ 

2    hares  N.  Y.  Historical  Society  Publiostion  Fund,  $25  each,  per 

share $16 


$100 


26 


share  .v.  Y.  Society  Library.  $23. 
20  sH  ires  Barretts,   Palmer  &  Ileal  Dyeing  Establishment, 

each 

2t0  thuies  Grand  Street  &  Newtown  RR 

10  shares  Broadway  RR.  Co,  of  Brooklyn 

$.5110  ttioadu ay  RR.  Co.,  of  Brooklyn,  7  per  cent  mort.  bond., 
$20,0n0  Atlantic  &  Pacific  RK.,  land  mort.  6  per  cent  gold  bonds,..  43 
$.,011,000  of  New  York  Uou  atonic  &  Northern  RR.  Co.  bonds 

(hyp  .Ihccaieil),  $!  OOOeuch... $600 

$1,000  South  Sloe  RR.,  of  Long  Island,  Ist  mort.  sinking  fund,7 

per  ceut  bond 

$i,000  Jackson  Linsing  &  -aginaw  RK.  1st  mort.  8  per  cent  bonds, 

gU'iranteed  by  Michigan  Central  Rl{.  Co 

$2,000  Chicago  it  Northwesern  Railway  Co.  (Menominee  Jlxten- 

sioii),  1st  mort,,  7  per  cent,  gold  

$2  v'OO  La  Crosse  Trampeleau  &  Prescolt  RIl.  Co.  1st  mort.  10  per 

cent  bond-,  guiranteed  by  Chicago  &  Northwestern 

$7,010   Ciiicago  Danville    &  Viucennee  RU.  1st  mort.  (Indiana 

Divi  ion).    Hvpothecatcd 

$7,000  Chicago  "Danville  Si  Vincennes  HR.  conv.  mort.  bonds. 

(Hypothecated) 

Daily   closing  prices  of  a  few  leading  bonds,  and  the  range] 
since  January  1,  have  been  as  follows: 

Nov.    Nov.    Nov.   Dae.    Dec. 


80 

65 

150>i 
100 

@  37 


60X 

99 

90 

10 


0.8.69,5-2O'8,1865,  old.. 

n.  8.6s,  5-20'9,l8«7 

U.  S.S9,10-40'8  

Hew  59 


Nov. 
19. 


;03?4 
i08^ 
lOlJi 
108J< 


Nov. 
26. 


Doc.    . Since  Jan.  1,  1875.  — » 


mx  ! 
ma 

105X 
104 


103H 
lu9,'-f 
105X 
104% 


Lowest. 


Highe9t. 


103,V  Nov.  81  ;08Ji  Apr.  9 
10fi>i  June  18  109>4  May  6 
102Ji  Feb.  13 1  107  Aug.  13 
loa^Apr.l9|l05XA.4;6  I  gfi''ii:{9.'|J,'|-ii   'JUx 


2!, 

6sTenn.,  news...  '4> 
6»N.Car.,old....  "16 
•sN.  Car.,  new...  '8 
Ss  Vlrg.,  consoUd   "WX 

do        2dserieB 

68  8.  C,  J.  &  J...  'SI 
68  Mo.  long  bonds  'lOS^ 
N.Y.  C.&U.  Ist78  MW  ' 
C.PftCgoldos...  'uej^ 
Un  Pac.,l8t68...  IIKM 
do  L'dGr't78  '-.'ix 
do        8.F.  8s..      90K 

Erlelst  M.7« 'lOJki 

N.  J.Cen.ist  78..  'lliH 
Ft  Wayne  Ist  78.    'lis 
B0Citr8lrtlet78...  "110 


Deo. 


19, 

so. 

1, 

2, 

■i. 

Lowest. 

•15 

•45 

43 

'i\-H 

44     Jan.  27 

•IB 

•16 

•16 

•16 

•16 

17     Nov.  13 

•,^ 

•i 

•S 

•3 

•8 

11     JuneU 

•JIK 

.... 

•.-IIK 

•73 

•73 

55M  Jan.  26 

•43 

•43 

•4H 

36      Mch.  23 

'Hi 

•3i 

*3i« 

•Si 

•32 

29H  Sc|it,  28 

1U3 

lUi« 

108H 

lOJi,; 

U«X 

94!i|  Jan.  IJ 

r.'0 

■180 

•120 

•121 

ItlX  Jan.  18 

HWS4 

107 

lo; 

losii; 

•lt.UV 

93!,  Ian.    6 

1IIH< 

1(5 

10,1 

1U5 

105 

90     Jan.    6 

100 

iClX 

iiox 

looM 

'iUO 

90    Jan.    ( 

!'3 

96 

9rt 

MX 

CI 

SUX  Jan.    5 

m 

•iOSH 

Ml  a 

•I.S 

■!«3 

10  r     May  89 
111754  Feb.    1 

lilV 

'll:l 

•113H 

•118 

"114 

115 

•115 

l;5K 

'\U% 

115 

106X  Jan.    7 

llUK 

■HUi« 

•liOx 

lltH 

llOSd 

ItIS     Jan.    5 

ita 

SH>i 

»«x 

84 

84« 

7»    June  15 

-Since  Jan  1— -"il 
Highest. 
5!iK  .Ian.  5 
29  Jan.  18 
16  Jan.  7 
69>i  Oct.  28  I 
50  Ocl. 
Sj  J«n.  21 
\l^%  June  21 

123  Sept.  10  I 
107M  .f.pt.aO 
lOBJj  Juno  SU 
\ai%  Sei  t.  PO 
!»7«  Au^.  » 
lo;),  Mav    9 

115  Apr.   « 

116  Nov.  8 
UIX  .nine  5 

69V  Nov.  3i 


DeoembiP  4,  1875.] 


THE  CHROXICLE/ 


529 


*  allrAad  and  MtocellaBcoaa  Sta«ka. — ^Tbe  stock  market 

•  than  Ust  week,  and  there  have  been  eomo 

14.     The  tirst  feature  was  the  adrance  in 

.  ^\"'  ".'  .  ~  lay,  in  consequence  of   tlip 

111  :•  1  >■  ii>  -  >  .1  in  favor  of  the  company. 

It  w.i;  ..  :.._;   :..-   atock  is  worth  a  good   dual 

more  ^  >u  in  favor  of  the  company  than  it  would 

have  l<  i-eision  the  other  way,  bat  whether  or  not 

the  stock  in  nvWiot;  too  high,  aa  based  on  the  earnings  of  the 
road,  is  a  matter  of  opiuiou  in  the  market.     A   move   of  more 

Sneral  importance  than  that  in  roion  Pacific  waa  the  break  in 
iehigan  «>Dtral  to  the  extreme  price  of  37  on  Tuesday,  with  a 
■obsequeot  r— -■'^'•■•''   and  a  sharp  advance  to  83^  to-day,  closing 
at((l|.    T!i  ine  was  made  on  rumors  ol  a  bad  condiiioo 

i>f  fiuanciai  11  orer-iflsue  of  bonds,  &c.,  but  the  rumors 

have   received  uu  lonfirmalion  and   have   been   denied  by   the 
treasurer  in   Boston,  while  Mr.    Samuel  Sloan,  of   this  city,  has 
been  electtnl  Vii .   :'  !  red  a  good  aetiuiaitlou. 

After  Michigan  '  Ijtke  Shore  have  been 

n^lieeable,  as  ilu.  o.-^.^  .. ..  ....  ,,.  .-,  ,,.,„.ihy  with  the  other  and 

ttif*lied  58}.  eloaing  to  day;  at  .'i9't.  Hauaibal  &  St.  Joaeph 
aeclioed  to  30f .  and  cIomm  better  at  31^.  Nothing  new  is  known 
'if  Western  Union  Telegrupb  Company,  and  most  of  its  friends 
Iwlicve  that  the  regular  2  per  cent,  quarterly  dividend  will  l)i> 
declared  thia  month.  As  to  the  pa«aibility  of  dividend.^  on  other 
storks,  such  as  lAke  Shore,  Michigan  Central,  St.  Paul  preferred, 
and  Northwest  preferred,  any  expression  of  opinioc  now  would 
tie  premature,  and,  probably,  worthies*.  It  may  be  lamarked, 
however,  that  there  are  many  who  sappoae  that  the  oompaolea 
above  named,  and  some  others  in  a  nearly  similar  po«itioo,  will 
not  lie  likely  to  pay  dividends  this  Jaanary,  but  will  be  in  a  posi- 
tion to  rranme  at  the  next  aemiannaal  period,  Jaly,  1870.  At 
the  rloae  price*  were  irenerally  strong. 

Toul  UMMcUoaa  of  Um  weak  la  laadinc  itoeka  war*  ••  fal- 
low* : 

Wasfa  Cklc  *  OMo  *  Padie  CdIoo 

UbIob.  ITwwL  bU    HlM.    ol  Mo.     I>ae. 

7.«a0     tTW     T.m        •«  MO     MOO 

it,i(»  t.m  1.100  two  m  utao 

ULW  «.!■  M0>  ^M*  a*  i*.«oo 

M,n»  MM  tjao  Km  »•  a.«M 

•I.«0  4.W  M4  «.«M  m  *.'^> 

t*,m    %m    !,»«    I.1M       ...    *.0M 


President's  message  would  advise  the  recognllion  of  Cuban  inde- 
Dendence,  but  this  story  has  berome  too  hackneyed  to  prodnee 
much  agiution  in  the  ni»rliet.  The  price  worked'uii  'o  HSf  on 
Tuesday,  but  ha^  since  beeu  lower,  and  closes  at  114}.  On  gold 
l'>aiia  the  rates  paid  for  carrj-ini;  to-day  were  2.  3,  2*  and  1  per 
ciui.  There  will  be  no  sales  of  gold  by  the  Treajury  this  month; 
at  the  sale  of  $.500,000,  November  27.  the  toUl  bids  nmoiintwl  to 
$1  .•'i45,000.     Custom  receipts  of  the  week  were  $1,839,000. 

The  following  lahle  will  sbow  tne  course  of  gold  and  opera' 
tiona  of  the  Qold  Exchange  Bank  each  day  ol  the  past  week  : 

. ({uotatlnna , 

Onen-  Low-  m«h-  Clos- 
ing,     est.    est.     Inj. 
Hitarday,  Not.  *T....ll4>i  llts  lUV  !14v 
Hoaday.        "    «p....!!4>i  lUS'  inv  in« 


to 


T.iial     ,_-  -BiUncM.- 


Curr«ncy. 


Tue«U7,  "  X)  . 
Wednwdsy.DM.  I 
Tliarsdaj,  -  i 
Prlday.         "     3 


Corrent  i 

frerioas  *e«k 

J«n.  t.ins,  to  date.. 


.iiix  i\t^  ns«i  ns<^ 

ltS>,'   il*'i   ll&V  113 

.iU!i  iii'i  iisv  ni^< 
.114.';  litx  lu;,'  IHX 


.Ui^i  lUH  IISS  illK    8W,GS9aoo 

.11 1>.  n4>.  lun  iu>i$is6,i«7,aoo 
.in?,  uiii  ms  ut\         ... 


Clearing*.       Qold,     

t3),i«iauoa  «i.2.3i).-j8i  tl,7B^,^sl 

».6T8,000      l.an.jOO  1.5OS,»0l 

!H0.;«9  1,I5),.M9 

5.4l».J55  i.^l,9IS 

l,)17..1tt  t.4Di,48t 

i.ia.3,(XM    i,«8«,(>'ra 


»«,78S.000 
T.SiQ.OOO 
39,18«,n(K) 
81,S9i,0aO 


t 

i,t(!\joa 


1.980,531 


Kov. 


Dw. 


n.. 
».. 

M.. 

I.. 

I 


Maa 

T.«M 


.  >7JW 


Total 
Wkota 


.  Il.t 
.l«t,IM 


7.i«0 
n,IM 

an** 

m.t» 

«M0 


taao  111.900  i«.TM  u,mt  ««•»     %,tm  is.»oo 

4Mje  sn,aM  i«.iw  ymjuo  «olo»    n,Mi  si7.4m 

A  eoapariaon  with  tlia  Uwt  lino  ia  tha  praeodlag  table  showa 

at  a  glaaea  what  proporlloa  of  the  wholo  Mock  haa  beea  tor  jed 

•var  ID  the  week. 

The  daily  highest  aad  lewMt  prioea  have  been  aa  follows: 

liiS^'.-^.i^uT.  -    '  -srs  »•!?' »••»*  ~ 

aru... Vii  ■  —  — --    


Foralcn  Bxehaii«e._The  Exchange  market  haa  been  steady 
on  .1  moderate  business.  There  has  been  only  a  small  duninnd 
for  bills,  but  on  the  other  hand  bankers  have  not  been  anxious 
to  sell,  and  business  has  l>een  dull.  This  afternoon  there  was  a 
little  irregularity  in  rales  and  an  attempt  to  make  higher  prices 
liy  some  bankers,  l>ut  the  rates  for  business  were  generally  al>oat 
4's:)i  for  long  sterling  and  4.87^  for  short  sight. 

(Juotations  are  as  foliows: 

Dec  S.- 


Idav 


Prima  baakaia'ttarllaf. 4.8S)<1|4  FSV 

t> jod  baakart' a«d  prlm«  eoai'l t.n   A4.nv 

Oocd— surrUI    4.n   Sm.<1 

Docaamsty  eaauDcfdal 4.n  a4  M 

PutsrlMani s  lOK'M.nw 


^(fiaBCS).. 


ADtw«n(riaB< 

SwlaatnaDcst.  

HammUmdnUiani 

Haatart  (rsMasrka). . . . 
Praaklart  (nIsksMrks) ... 
BrasM  <tatcaaarfc«^. . . . . 
Bctlla  Oalekiaarksl 


XX 
-MX 


Sdaya 
4.N    itMK 

i.M  ii.ta 

4.n    04.84 

B.K^SS.HX 


5.19},l 

KXC 

rba  traoaaeUoDs  lor  tba  weak  at  the  Castou  Booso  and  Bab- 
rreaaorrhavebeaD  atfoUowa: 

Cottom    , Snti-Tieasary.  . 

Hoosa     .  a«sslpt»  >  . Psrraaats.— — > 

aeedpt*.  OoM.  <?atr«ncr.  Oold.  Cnrranev. 

Nov.  r tcttaa  ti.4i>t,ttf  «  tiuj.tn  7i  n.oti^n m  ti.s78.ai3 n 


IKse. 


«... 
t... 

a... 
«... 


r7.( 


t»>,000 

•ll.t- 


ttHVIOtt 

MOITM  18 

i.l44M8  0a 

ffli,t«0O 

kW 


b*a«sk«r«.... 
iCaM. 


?3 


...  IMM 
M  IM 
MH   1*3 

4i     «S 

tii<  i>i« 


Haiaaca.  Nov. 

Dw.  ».. 


l,»*l,>l«»  7S 

iu.nam 

«8ft.4nu 

ato^iu  88 


<l,S».«n      «,tlO,«l8  04    MIO,4yi08 

.« uj»a.7Ka7  i^imuin 

4l.t8>l,IM88  4l,8IT.tS14) 


Vlt.lTI  11 

7IT,«SI  V» 

l.ni,IM  II 

i,«M,ua  ss 

W7.«»  11 


1,050,810  11 
1.011877  71 
1.417.405  58 

mi.onts 

811,101  8S 


0,08,808  84     7.t»,498  19 


fewYorfc  City  BaBliB—Tbe  following  sUtement  obowa 
ibe  condition  of  tbe  Asaociatad  Banks  of  New  York  City  lor  the 
week  ending  at  the  commencement  of  buslneaa  on  Nov.  27, 1878: 


i>oaa«ia4 


'ATtaABB  ABocar  or- 


vioajoi 


ClreBla- 

IIOB. 

Rt.lOO 
«J0O 

4M.III0 


Alek..Ta&  *  ».  F*.  Msatk  •!  ••*« 
AttMlkjrr(cl««...McMlkef    Mt.. 

la  SaBtksm. . .  8  «a«ks  ef  ITor. 

.Biractte.  .  ..  Maalh  of  •a.  . 

.  ni.  *  M.  p..  t  «bHu  of  Nor. 

,  S  HonkBPwt..  M'BUli  or  No* . . . 

~  ^v-*  C1l<c..88»Mk«r  Rov. 
HoBB.  *  T«a*.  C  ..  MBatk  of  Oct.... 
llllBBlsOmual  --..  MMilk  of   Oct. 


'  I  ncB.— The  latest  earaiaga  obtaloable,  aad  the 
V  1  to  latest  dates,  ara  aa  followa: 

■         I^tsBtsarataas  r»nrts<L         ,  iaa.ltolaiastdatc 
m.         1*74.        IVn.         1874. 

•mjM  siiajat^Axai 


-t.  ,.«    ^ 


>l 


tBt«a*l  a 

KSBBBI  ft 

KMBBk  a  ;>- .  ■;  . 

MkblauUMiifBi.. 
Me.  KaMasATas. 

MaMlBAOMa 

SI.Ual.ATB.  lKb« 
kt.L.t.Mt.*8oatk. '  r. 

■t.UK-<7.  *  !f    ..M -    ;     '-a. 

IU.L.M  AoBlltM*!...  Id  wMk  ol  Hot. 
■«.PMl*S.Cltr.*c.  Moaib  or  Oct. 
Datoafactae  Moaa  of   Oct.. 

.     oTlM  MIssoarlPadacsanl^fMai  Jaa.  I  to  Oct.  81. 

^o  aaming*  of  tba  CUeafn  A  Nortbwestam  Railway  for  Nnv- 

mnbarsbowanincrcaae  over  the  same  month  last  yearoff  IKS.Oon. 

The  earning*  of  the  fourth  week   show  an  Increaaa  of   $80,000. 

!,  Th«  October  net  earnings  for  whole  road,  including  all  the  lines, 

,   areta  $486,000  after  paying  all  operating  esponaea  aad  iaterest  on 

hoadsL 

Tka  OaM  ■aritas—Qold  haa  flaetoatad  lomewhai,  In   re- 

t  to  lb*  nuwna  of  |,o**ll>l«  war  wltb  S|  ain  and  that  the 


<tt*ti »Jl..»JB0$«lJI0,«BH4J«J«)H7*iaA«JIJlS*'<l.l'OIU51*.1Wi 

The  deviation*  from  tb*  mam*  of  the  prevlon*  weak  aw  •• 


6210 


THE   CHRONICLE. 


[December  4,  1876. 


Boston  Bauka. — Belovf  we  ^Ive  a  atatement  ot  the  Boston 
National  Banks, as  returned  to  tli«  ClearioK  House  on  Monday, 
Not.  29.  1875  : 


Banlu  Capital. 

aiUatlo tlMl.UUO 


AtUt 

l.5ai),00« 

BucKitone 

2,IX)0,000 

B^StOD 

i'2S-?S9 

SjylacoD 

700.000 

Broadwajr 

200.000 

Cantral 

SOV.OOO 

ColaiablaD 

1,000,000 

Continental 

1,000,000 

Bllot 

1,000,000 

Bverett 

400,000 

FanenllBall 

1.000,000 
300,000 

freeman's 

Globe  

1,000.000 

Hamilton 

750,000 

Howard 

1,000,000 

Hanafaoturera 

soo.ooo 

MarMt 

800,000 

Uassaohaaetta 

800,000 

Maverlclc  

400,000 

Merchandise 

481,30) 

'■"^Z 

Metropolitan 

Mount  Vernon  

li  00,000 

Hew  RQKland 

1,000,000 

North 

1,000.000 

Old  Boston 

900,000 

Shawniut  

1,000,000 

Shoe  A  Leather 

1,000.000 

etate 

i.OOO.OOO 
1,900,000 

Baffolk 

Traders' 

(00,000 

Tremont 

1,000.000 

Washington 

750,000 

first 

1,000,000 

Second  (Granite)... 

1,«I)0.000 

Third 

300,000 

Fourth  

aoo.iM) 

danH  of  Commerce. 

2,000,000 

Bank  o  f  N.  America 

1,000,CX)0 

B'k  of  Kedemptlon. 
Bankof  Uepnbllc... 

1,000,000 

1,500,000 

Oommonwealth 

500,000 

Olty 

1.000,000 

Bagle  

1,000,030 

Bzcbange 1,000,000 

aide  A  Leather.  ...  1,500,000 

Barero J.OOO.OOO 

Security 200,000 

Union 1,000.000 

Weoster 1,500,000 


Lo.ans. 

Bpecle. 

L.T.Note 

»l.7ui.:uO 

$A*>.i 

143,100 

s.ioi.auo 

AV 

8l..'0O 

4,571,110 

10.200 

295,a.O 

3,I9J,300 

4,000 

107,000 

1.7U.MW 

10,200 

65.000 

444.(00 

20,000 

i,iin,9'jo 

:6,900 

tAia:iw 

16,200 

;57.?0O 

tia.foi 

88,100 

■t  013.600 

41  ,.100 

81,900 

932,500 

300 

St.OOO 

J. 769,110 

1,V)0 

149.000 

1,713.700 

2,000 

73.;oo 

S,iI«^iiO 

2JJ,000 

i.sso.eoo 

11.700 

II.XiO 

S.433.9U0 

4,100 

131,000 

1,173.400 

.... 

05.010 

1.7W.OO0 

10,500 

67.0(0 

2.206,9)0 

16,200 

258.600 

1.811.WI 

4,000 

121,500 

575,300 

84.600 

9.787.^00 

111,901 

1,9H.5X' 

812,300 

63,300 

eii.4Jo 

68.210 

i,571,500 

c,2oe 

92,300 

3.370.3^0 

12,5JC 

3  ('.,900 

2.07«.7O0 

36.M00 

811,600 

i,6;7,80U 

8.8D) 

15S.300 

3,400.100 

18,800 

•>56,O00 

3  630.800 

9,J00 

;2J.60O 

S.5<3,100 

16,5U0 

169.900 

1.S94.800 

15,603 

I78.(HO 

3,331.700 

50,100 

l'.6,l!0 

1,S64.70C 

3.800 

1(M,(00 

S,!'50.9JU 

10,500 

261,110 

4,261^.200 

81,810 

2*i.3t0 

LUa-IHW 

30.010 

74,500 

S16,«00 

16,000 

5.488,600 

6C0 

532,400 

2.D71.SO0 

9,5CO 

185,400 

5,;76,600 

4,500 

292,600 

s.ass.oi'O 

163.000 

3.663.1  oil 

15,000 

411,000 

!, 944,700 

9,600 

64,8ot' 

1.9S3.7JO 

'..400 

126,900 

5.'.20.8;iO 

104.700 

837,000 

8,789,700 

17,1100 

191,800 

8,272,70(1 

3.100 

502.200 

856,300 

1,210 

lU.OOO 

2.7S1.6C0 

2.000 

182.100 

2,78S,000 

4,I0C 

iE2.aoo 

1432.300 

b«3.200 

1,841.610 

733.600 

621.700 

135.000 

^9.300 

"..•MI,5O0 

|!90,'2IjO 

»7S.'«iO 

453,500 

1 ,0l-0.9U0 

516,100 

Bi2.30U 

667,700 

708.200 

662,200 

t8^.3')0 

1,222,000 

I,059.><)0 

314,200 

9,792.400 

5«,'iOO 

S76,r«0 

733.200 

1,706.100 

1,1  i6 ,200 

1.011,300 

1.172,300 

l,12S.O00 

l,ri3,700 

690 .auo 

061,900 

eoi.ioo 

1,135 .50u 

1.424.000 

889.2U0 

143.8O0 

3,161,300 

.712,200 

;5%6;0 

79!,Ooo 

2,83!,000 

675.600 

629.'200 

2,592.500 

1,0V2,'400 

2,SS8,t'00 

SiO.lOO 

1,195,700 

1.131.700 


Circnl. 

813.300 
559,7jo 
4<i8,O(J0 
lf,5,OjO 
283.6)0 
709,7iAI 
541.1100 
"'Ox 

208.3.J,! 
523,100 
3I1.5U0 
£51,0ui) 
22«,7oo 
134.S(}0 
:50,100 
319,1(0 
3I5,2JV 
351,610 

:.699°,466 
45,000 
175,890 
761,900 
533,800 
296,500 
4tO,200 
760,100 
976,800 
102,100 
151,3'JO 
631,800 
595,100 
49S,50) 
ISo.OOC 
146,000 
45,000 
491.9'.W 
572.600 
714,100 
931,400 
295,000 
£91.300 
3-27,600 
f.97,100 
961,300 
993.800 
130,000 
536.1U0 
361,(00 


Total $51,333,300    J135.615,60U     $713,700     19,990.800    |5S,357.70t   $3i,227,600 

The  total  amount  "doe  toother  Banl[8."asper8tatement  of  Not.  29,  ]g  $23,'J09,100 
The  deviations  from  last  week's  returns  are  as  tollows : 

Capital Increase.       6.550  I  Leeal  Tenders Dtcreaee.     201,900 

LoauB Decrease.  I,',i8'>,-I00    Ueposlts Increase.       13,700 

Specie... Dscrease.       7,i;iO  I  Circulation Decrease.       58,600 

The  following  are  the  totals  for  a  series  of  weeks  past: 


Date. 
HOT.l 

S0V.8 
OT.  15 

Not.  -22 

Not.  29.. 


Loans.          Specie.    Lefrai Tenders.  Deposits.  Circulation. 

136,702,50'             582.S0O          10,073,400  56,0J6.U10          26.230,300 

136,135,800             772.1(10           llMi7,70'l  58,657.4I'0           25,598,100 

l.n,6S6,600             7M,300           10,077.700  5«,SS7,000           25,50i,'i00 

136,8S4,0OO             715,800           10.191.700  58,314,(100          25,286,200 

135.615.600             718,700            9,930,800  58,337,700          25,2w7,60O 

Plilladelpbla  Bauks. — The   following  is  tne  average    con- 
dition of  the  Philadelphia  National  Banks  for  the  week  preced- 


ing Monday,  Nov.  29,  1875 

^        BanKS.  Capllal. 

Philadelphia. $1,500,000 

North  America 1,000,000 

Farmers  and  Mech.  2.000,000 

03nimercl.-»l 310,000 

Mechanics'  800,0()0 

Bank  N.  Liberties.       500,000 

Soulhwark 250,000 

Kensluzton 250,000 


Penn 500,000 

Weatern 400,000 

Manufacturers'....  1,000.000 

Bankof  Commerce  260,000 

girard 1,000,000 

Tradesmen's 200,000 

Oonsoiuutlon 300,000 

City 400,000 

Commonwealth 300,0(io 

Corn  Kichange....  500,000 

Union...  500.000 

First 1,000,000 

Third 800,00(1 

Sixth 190,010 


Serenth. 

KiKbth 

Oentral 

Bankof  Republic. 
Beenrlty 

Total 


250,000 
275.000 
750,1100 
1,000,1<W 
250,010 


Loans. 
$5,461,000 
4,S63.000 
6,243.9;'-0 
2,S61,000 
1,719.(00 
2,829,000 
l.f-17.914 
1, 027 .83) 
l,i98,88-> 
1,952.454 
2  807,000 
793,413 
4,106,000 

;,5is.o;o 

1,152.621 

1.513.890 

829,000 

1.9.)1,000 

1,570.000 

4,127.00(1 

968,0(10 

555.000 

£30,000 

1.117.000 

4.12.>.0OO 

2.19.SOCO 

6:2,000 


8D»ole. 

$62,000 

87',2(6 
4,0(0 
11,182 


1,0(0 
22,(.8S 

'396 
11,000 
6,100 


12,034 
2,000 
18,000 


20,000 
1,700 


Total  net 
L.  Tender. Deposlts.cuculat'n, 

$970,000  $3,760,000  $720,000 

1.355.(00  3,821,000  770.000 

1,153,800  4,517,600  1,000,0(W 

453,000  1,686,000  616.100 

2;8.20(l  1,121,500  2:5,000 

664.000  2,517.000  1.%,|I0C 

517,fc33  1.46i,297  20-.',70 

173,000  675.474  2i),930 

248..'86  925.180  212,350 

5«1,331  2,014.996  210.710 

395,000  1,795.0(0  531.000 

280,'.'60  707,237  207.375 

871 ,0U0  3,212,000  6«;,O0O 

2S4.0l.IO  1,077,000  179.(00 

216,608  181.9:13  270.000 

279,241  961,211  353,418 

::ll.0i:0  566.000  2I3.0OO 

681,000  2.011.000  271.0!h! 

316.000  1.367.000  233,000 

1,13:.000  3.596.0(0  797.(X«) 

293.000  878,800  260,780 

■.'.4.000  451.000  135.000 

131.000  453.000  219.350 

183.000  812.0(10  241.000 

BS3.000  3,180,000  540.000 

319,000  8.'>6.000  78,i,uOO 

119,000  140,000  171.000 


; $16,485,000  $59,918,917    $'251,613    $li,9'28,861     $46,287,313   $10,617,618 

Tnedeviationsfrom  the  returns  of  previous  week  are  as  follows: 

Loans Der.   $511,397  '  Deposits Dec.     1286.470 

Bpecle Inc.      2',900  I  Circulation  Dec.        34,156 

Lecai  Tender  Not.es Dec.      86,917  ! 

The  following  are  the  totals  for  a  series  of  weeks  past : 
Date.  Loans.  Snecle.   LcgalTender.     Deposits.  Circulation 

Vof.l 6I,'2T8,73S  256,015  13,512,72=  47,498,788        .    10,689,816 

Not.  19 60,891,516  281.992  12,947,'243  47,.''r!,640  10,538,332 

NOT.82 60.46ll.94t  238,613  13,015,278  46,52S,H8  li).65l.7«9 

*0T.S9 69.918.917  261.513  12.928,361  46,287,'!S  10,617,613 


^OUTATIO.VS  m  SUSTD.N,  PlilLAUELPUiA    AND  OTHER    CITIES 


BXOUBITIICS 


BOSTON. 

Maine6s 

New  Hampshire, 6s 

Vermont  es 

Massachnsetts  6s,  Gold 

do  53,  Gold 

Boston  6s,  Currency 

do     SB.goUl  

Chleai{o  SeweraRe  73 

do      Municipal  7s 

Portland  68 

Atch.  A  Topekalst  m.7s 

do  land  Rt.  7s 

do  2d  7b 

do  land  Inc.  128.. 

Beaton  ft  Albany  7s 

Boston  &  Maine  7s 

Burlington  &  Mo.  Neb.  88,  1894 
do  do    Neb.  88,  188: 

Eaatern  Mass..  7s 

Ind.Cln.*  Laf.7s,  ;869 

do         equipment  10b. 
do         funded  debt  7s 

Ogdenaburg*  LakeOh.Ss 

Ofd  Col.  ft  Newport  BdB,  7,  "77. 

Ilutland,  new  7b 

y«nn'tCpa.,lBtM.,con8.,7,'S« 
_    du     2c.  Mort.,'J.1891.... 
Tarmont  li  Can,  new.  8a... 


108), 

no 


68!, 


94 

112H 
110 

.m 


104X 


6914 

66^ 

ui" 
loox: 


SEOVBITIEB. 


,'88. 


Vermont  &  Mass.,  1st  M.  6 

STOCKS. 

Boston  A  Albany  stock*.. 
Boston  fs  Lowell  stock,... 

Boston  &  Maine 

Boston  A  ProTldence 

Burlintcton  &  Mo.  In  Nebraska 

Cheshire  preferred 

Chicago,  llur.  &  (jnincy 

CIn., Sandusky  A  Clev. stock 

Concord 

Uonnectlcnt  RlTer 

uonnectlcnt  &  Passumpslc,  pf. 

ttastern  (Mass.) 

Bastern(New  Hampshire) ... 

Fllchburff  

Manchester  &  Lawrence 

Nashua  ft  Lowell 

Northern  ot  New  Hampshire, 

Norwich*  Worcester 

Ofrdens.ft  L.  Charaplaln 

do  do      pret.. 

(>ldColony 

L'ort.,Saco  ft  Portsmonth 

Rntland  common 

do     preferred 

Vermont  ft  Canada 

Vem.ont  ft  Massachusetts.... 
Worcester  ft  Nashua 


131V 
51 
109 
146X 


132 
55 

i(.9!< 
145  K 
S9V 
12 

iu>i|:i5 

E%     9 
EO 


36 
UX 

131)4 


'.33X 

ilk 

16 

131V 


74 

Si" 

76 

109X 
66V 


BOSTON,    PHllj(1.0SI.PHIA,  Etc. -Continued. 


aBOUBlTIXB. 


PHILADELPHIA. 

BTATB  AND  OITT  BONDS. 

PennsylyanlaSs,  coup 

do  do    reK 

do  61,  10-15,  2d 

do          do      15-'29.3d.. 
Philadelphia  68,  cU 

do  6s,  new 

Alleithany  Coiiutv  6b,  coup.. 

Pittsburg  48 

do       6s 

do       78 

New  Jersey  State  6b,  Exempts 

Camilen  Coanty  68 

(Jamden  City  7b 

Delaware  6s ;... 

Harrlsbarg  City  6s 

BAILBOAD  STOOKB. 

Camden  ft  Atlantic 

do  do      pref 

Catawlssa 

do        pref 

do        new  pref 

Blmlraft  WllUameport 

■Imlra  ft  Wllllamsport  pref.. 

Bast  PennsrlTanla 

Huntingdon  ft  Broad  Top  .. 
do  do    pref. 

Lehigh  Valley 

UttlcSchuylklll 

Mlnehlll 

Nesquohoning  Valley 

Norrlstown 

Northern  Central 

North  Pt-nnsylvanla 

Oil  Creek  ft  Allegheny  RlTer. 

Pent  BTi  van  la 

Philadelphia  ft  Erie 

Philadelphia  ft  Heading 

Phlladclplila  ft  Trenton 

Phlla.,  Wllmlng.  A  Baltimore 

United  N.  .J.  Companies 

West  Chester  contoi.  pref 

West  Jersey 

OANAI.  BTOOKB. 

Lehigh  NaTlgatlon 

Morris 

do    pref 

Bcbnylklll  Nsylgatlon 

do  pref 


Bid. 


BAILBOAD  BONDS. 

Allegheny  Val.  7  3-108. 1896 

do       7s  E.  Ext..l910 
do      Inc.  7send,'94 
Belvldere  Delaware.lst  m,6,77 
do  do       2d  M.  6b,'95 

do  do       3d  M.6s,'87 

Camden  ft  Amboy,  6s,  *83... 
.10  do       6s, '89. ... 

do  do  mort.  68,  '89. 

Cam.  ft  Atlan.  Int  m,7s,  g.  190'3 
do  2d  do 78,  1880... 

Cam.  ft  Burlington  Co.  61.,  *97. 

(;atawi86a,  new  7s,  190C 

Cayuga  Lake  Ist  m.  r.  7",  1901 

ConnectlnK6s  1900-1904 

Chartlers  7b.  1001 

Dan..  H,  ft  W  likes,  1st  m,7e,'67 

D.'laware  mort.  6s,  Tarlou3 

Kast  Penn.  Ist  mort .7s, '8<i 

Bl.ft  W'mspoit,  IBt  m,  7b, '60. 

do  do   Ss.ptrp 

Harrlshurg  1st  mort. 6e  'S3.... 

U.ft  n.  T.  1st  mort.  78, '90 

do       2d  mort.  78,  '75 

do      3d  m.  cone.  7s, '1:5. 

Ithaca  ft  Athens  g.  7b. '90 

Junction  1st  mort.  68,  *85. .... 
do       2d       do  1900(93) 

Lehigh  Valley,  68 ,  1898 

do        do         do     rcK,  1898 

do        do  do         7b,  1910 

do        do  do  rcg  19.3 

I,lttlc8chuylkm.lBtM..7, 1377. 

Northern  Central.  21m., 68,'85i  ... 

Northern  Puclflc  7  S-lOs.  MIV. .  I  "J* 

North  Penn.  1st  m,  6s, '85 rOjX 

do  2rt  m..s, '96 '5 

do  chattel  M.  10s ,101 

do  gen.  M.  78,  1903..  W'H 

on  Creek*  Ale.  K..ctn.78,'88   5b 

OUCreeklst  m.7B,'82..  1  ••■• 

Pennft  N.Y.C.ftE  K  7s.'96-i90«.,  11^)4 
PennaylTBUla,  1st  M.,  6, 1860. . . !  Wo 
.10          gen.  m.  1910,  coup  102)i 
do         gen.  m.,  reg.,  1910  iOlV 
Perklomen  let  m.6s,'97 '  c" 


105\ 
113 


I16X 


mx 


58 
6t 

18), 
43  k 
42)4 
28 

46" 
7 
13), 

62), 
61 
64 
69 
99 
32)4 
62)4 
10)4 
51 
19V 
55)4 
182 

131)4 


50X 
52 

ISO 
7H 


Ask 


111 
106  Ji 


8KCUEITIBB. 


91 

84 

166" 

96 

93 
101 X 

99 
106 
108 
103)4 

91)4 
1O6 

62 

91 

46' 
101 
lOO 
100 

58 
102 
i05 
lOl 

66 
102 

97 

97 
103 
103 
110 

97 
.00 


14 
51V 

65)4 
1011 
S3 
63 
ifX 
51X 
19X 
55V 


50V 


IS)4 


10IJ4 


BALTinORR. 

Maryland  6<,  defence,  J.  ft  J 
do       6s.  exempt.  1»87. .. 
do       6«,1!?90.  quarterly... 
do       5s,quarterly 

Baltimore  68,  i831,Quarttrly.. 


:!0V 

110)4 
104 
b'JH 

106). 
107 


Phlla.  ft  Erie  1st  m. is, '81 

do         2dm.  7s, '88 

Philadelphia  ft  Keadlng6B,  80 
do  do       7s,  '93 

do  deb. bonds. '93 

do  g.m.78,c.  1911 

do  do    reg.!9n 

do         new  conT.  7s,  '.893 
do  Coal  *  l,Co  m., 78, '92- '3 

Pitts.,  cm.  ft  St.  Louis 7fl, '90.. 

Shamokln  V.  ft  P<>ttsT.  78, 19C1 

Steubenville  ft  Indiana  7b. '84 

Stony  CrfCK.  iBt  m.,  7s,  19C7. ., 

Sunburyft  Erie  Ist  m.78, '77.. 

Sunbnrv  ft  Lewtston  7b,  1660.. 

Union  .*  ritnsvlile 

CiiltedN.  J.  c  ns.  m.  «8,  91.. 

Warren  ft  F.  Istm.  is, '96  .... 

Westchester  cons. 78, '91.  ... 

West  lersey  let  m.6s,  '96 

do  do    78.1397.... 

Western  Penn.  KK. 6s. 1593.... 
do        do     6sPb'96  

Wllmlng.  ft  Uead.,18t  M.,7,190l 
do  do   3d  Mort.  1902 

CANAL  BONDS 

Delaware  DItIsIod  6b, '73 

Lehigh  NaTlgatlon  6s. '3t 

do  RIl,'97.... 

do  '7'i  

do  COUT  ,  '82 

do  conr.,  g,'94. 

do  gold,  '97 

Uorrle,lstM.,6,1876 .. 

do      2dM.,  1876 

do      boat,  '85 

PennsylTanlafts,  1910 

Schuylkill  NaT.  1st  m.68,'97.. 
do  2d  m.,  68, 1907 
do  m.  6s.  c.  '95.. 
do  6s,  Imp. ,'80... 
do  6s,b,:at&car,I918 
do  7b,  boatft  car,19i5 

do         scrip 

Hnsquehanna  6s,  7894 


99 

103 

lOS 
82 

105)4 
106)4 
10a 

^ 

76 
100 
100 


93X 

79 

105V 
100), 

:06 

79 
79 
44 


16 

'M'A 
lOo 

1(15" 
60 
82 


97 
113 

'Six 

96 

100 

105 

106X 

100 

110 

.00 

69 

95 

62 

90' 

78 


107 
109)4 


103X 
102 


do  68, 1366,  J.  *  J 

do  6<,  1890,  quarterly, 

do  ts,Park-lb93,  IJ— M. 

do  6b,  159s, M.  ft  S.. 

do  6b,  excmpt,'93,M,&  B 

do  Is,  1900,  J.  ft  J . . 

do  li»,  190'2,     to    .. 

Noriol k  "W acr, 8s 

HAIl.llOAtJ  STOCKS.      Par. 

Bait,  ft  Olilo-St<  ck ICO  173 

do        Wash.  Brnrch..U0  120 
do       rarkerebnrg  Br.  50     7 

Northern  Central 60 

Weetcrn  Varyland 50     5 

CentraK  liio 50   41)4 

PltlBbtirfrh  ft  ConnellBTllIe.  50    7 

nAII.i?OAT>  po.\D-. 

Balt.ft  Ohl^  6b,'.>8(i,  J.ft  J....  106M 
do  6x.  I855.  A.ft  O...  !(«>! 

N.W.Va..8dM.(gnar)'-5,J.&J.  lOii 
PittBh.  &c<n:ien8T.'}B.'98,  do    '-WV 
Northern  Central  68.1883,   do   lo3X 
do         6b,  1900.A.*o.  '■>» 
do  6s, gold,  1900, .)  4J.  100 
Cen.  Ohio  6<,  lit  M.,ie90,M.&S.   99V 
W.  Md.  68,  l8tM.,(gr)'90,J.»J.  1^4 
do  iBtM.,  I'OO.  J.&I..    91) 

d.)  21  M.,  ((ru"r.)  J.&J.  IC* 

do  2d  M..(pref.) 90 

do  2iM.(pr.by  W.'  o.)J.ftJ. 
do     6s.  SdM  ,  (guar.)  J.ft  J.  101 
Mar.*  Cm.  7s,  F.  k  a.,  'in...  107  V 

do  'id.M.ft  N 96), 

do        8B,8d,J.&J BOX 

Union  Pit.,  IBt  puar..  J  A  J..      .. 
do        Clinton  endorsed..   95)4 

MISCKLLANBOUS. 

Baltimore  Gas,  certificate'....  106 

People's  Ga" 27X 

l*'ANHfN«TON. 

DMrlct  of  Columbia. 

Perm.  Imp.,6s,  g,  .).«J,  1891 

do  78,  1.59! 96 

Market  Stock  bonds.  78. 1?92..    9'i 
WaterStock  bonds  7s, 1901....    96 
"  ■•  78,1908...    S6 

Wasf'iitffton. 

6  year  Cere.,  7  3-lu,  1875 

Ten  year  Bonds.  65, 1878 92 

Fuu't. Loan  (Cong)  6  g,  1892..      ... 
Fund. Loan  (Lee). Oe.g,  iP'?..    95 
Cei  o.of  Slock  (If 28)  58,  at  plcar    . . . 
"  "      (1843)e>,  at  pleat    SO 

Che8.&O.Bt'k('47)0s.atplcas.  tO 
Georffftown. 

General  ttock,  8s,  1881 95 

do  68,  at  pleasure.    SO 

Bounty  stock,  68,         do  80 

Market  stock,  6b.  dj  8C 

Board  of  Public  Works— 

Ccrs.  Geti.Imp.8B,187i 64 

(■o  1875 64 

do  1876 84 

do  1S77  81 

do  1878 84 

do  Series.    64 

Certificates.  Sewer.  Sb,  1871-77.  .'0 
Water  Certlflcatee.Ss,  H77...  97 
CINVINNA'rl. 

Cincinnati  58 '80 

do  Cs '92 

do  78 M03 

do  7-30S '105 

Cincinnati  South'n  RR.  7.808'  101 

Hem.Co.,01iIo6p.c.iongbds.  '92 

do         do     7p.c.,Ito6yre.    9S)4 

do         do     lgbd8,7  4'..30f  '102 

Cln.  ft  Cot  .Bridge  s'ock,  pref  120 

do         bonds,  long.    90 

Cln.,Ham.ft  D..lBtM.,  ■;,  BO...    89 

do  do      2d  M.,  7, '8.1...    94 

do  do       3dM.,S,77...  "3 

Cln..  Hsm.ft  Ind.isenar 81 

Cln.  ft  luillana.Ist  M.,1 .,    68 

do  do     2d  M.,  7, 1877..    72 

Colum.,ft  Xenla,  1st  M.,7, '90.  100 

Dayton*Mlch.,lBtM.,7    81..  100 

do  do       2d  M.,7, '84..    92>i 

do  do       Sd  M.,7, '88..    8j 

doTo'dodep.bde,7,'81-'94.    98 

Dayton*  West., Ist  M.,  1681..    "100 

do  do        1st  M.,  I9('5..    65 

do  do       l»tM.,6,  l!ia5.    75 

Ind. ,  Cln.  ftl.af., Ist  M.,7 68 

do  (I.ftC.)  Ist  M.,7, 1886    83 

Little  Miami,  6, 1683...  92 

CUi.  Ham.  ft  IJayton  stock 46 

Columbus*  Xenla  stock 96 

Dayton  ftMlchlgan  stock  ....     11 

do  8  p.  c.st'kKuar  103 

Little  Miami  stock 93 

LOIJISVILIiE. 

LoulsTllle6s,'82to'S7 .68)4 

do         6s, '97  to '93 68 

do        Watei  68,'87to'a9..    ?s 
do        Water  Slock  68,  '97.    83 

do        Wharf6s 88 

do        special  tax  6fl  of  '89     88 

leff..  Mad.*  I,l8tM.(IftM)7,  '8 

do  do    3d  M.,7 

do  do    Ist  M.. 7,1906... 

l.onlsT.C.ft  Lex.,lsf  M.,  ~ 


UIX 

90" 

107X 
.   .      107)4 
1(7J,  108 
i06    'l07)4 

109)<;'.10 

1"7^  .08 
107     107)4 
01      102 


175 
140 
9 
St 
f)4 
42 
12 

109 
104 

108 

105)4 

1(5 

1(2 

103 

100 

1(6 

91 
I0« 

91 
lOU 
106 
108 

96V 

82 

97>i' 

107 
27X 


101 

39 
>< 

05 

107 
103 

94 
103 
105 
125 

95 
'.01 

95 
l('3)4 

82)4 

90 

75 
1(3 
103 

94 

90 
100 

90" 

80 

70 

90 

9S 

60 
100 

42 
101 

94 


89)4 
89 


.outsT.(;.iK  i^ex.,i8T  m.,  1,  ^t.. 

oul8.&Fr'k.,lstM.,6,'7P-'7S.. 

do       LouisT,Loan,6.'81 

L.  «Na8h.lBtM.(m.a.)  I.'n. 
do  Lon.  Loan  (tn. 8.16, 'Rf.-.KI 
do  do       (Lcb.Br.)6.'i(6 

do  lstM.(Mem.  nr)7,'70-'75. 
do  IstM.(Leb.br.ei)'}.'80.'.nt 
do  Lou.L'n(L's!i.br.ei)6,'93 
do    Con8ol.lstM..7, 1898. 

Jefl'erson.,  Mad.  ft  Ind 

Lonlsv.,  Cln.ft  Lex., pref... 
do  do         common. 

LoulSFllle  ft  Nashyllle 


70 

^9 
73 

84 
-9 
96 

6.s)4 

'Mh 

fS 

68 

53 

'7' 
4 

37 


ST.  liOiris. 

Bl  Louis  68,  Long  Bonds "9? 

4o       WnteHs  gold •  105)< 

do  do       do(new)x*  I('6 

do  Bridge  Approach  g.6p*  105 

do  Renewal  gold  S." "llOfi 

do  Eewer  g.  68  (due'91.2-3)"|l('9 
St  Lcini8Ca,new  Parkg,68..'  102 

do         c'y,  78 •  irsv 

At  ft  Pacific  guar,  land  prnnlB   30 
do       2d  M.  (funded, 15 

•  And  interest.  I 


69 

'•Vii 

89)4 

74 

'5 

90 

96 

69 

90 

!9 

89 


< 

3SH 


lOOX 
107)1 


104(4 


December  4,  1876.] 


THE  CHRONICLE. 


631 


GEXERAL  QUOTATIONS  OF   STOCKS  AND   BONDS  DT   NEW  YORK. 
U.  8.  B»md»  aittf  m*Ut4  Railroad  Stoeki  art  fuotsd  on  a  prtnout  page.    Pria*  repretent  tht  tter  eerU  valtu,  jehatever  the  par  way  bt. 


tmeummw^ 


Mat*  ■•■«•. 

Al.iliBKa  •«.»»- 

to     u,\mt 

«e     u.vm 

«S     S:M?iit:*'M-teB. 
*o     aii.Ata.*Ct»t.R. 

«e     ii otiai 

4fk>BM«  ti,  (an^wl.  _ . .  ■  ■ ; 

«o       11.  Ark.  C«ol.  B.  ... 
COB»«c«1cmH» 

wtufct* " 

4o       I^MW  bes4a 

«s      'k.aa^oTMd. 

«•      XtoM  ^»ai* 

lB4l»Mto..r. 

IMmilili  eeowft.^' 

WvloaB... 


Maw  r«tk  ■oaBOr  t<M>.ra> 

••        co»r 


Ballr«a4  Band*. 
(Am*  Jteekaa<«  rnrm) 
AlbMV  *  Buq..  IM  boBdi. .  . 
to  to      M     to    ... 

to  to      M     to    .... 

BoMoa.  Bntt.  *  Krt*.  W  awn 
to  to  (Mr  ... 

^  v.,  O.  BvUi  *  Ulna.  Ut  1*.  ( 
CbMUMk*  *  Ohio  ti,  M  ■.. . 
to  to       •»  coB» 

Ckleico  *  AMea  riUtec  («■«■ 
do         to    MBOit. 


(lOVmiTlB*. 


JolM  *  CUeaco.  IK  BK 
laaMaaa a  Ho.,  utai..(aa 
St.  UmMb  Jack.  *  ClUe..  Ut  ■ 
CMe,  Bar.  *  Q.  t  p.  c  M  a ._ 
to  to  eoaaeLm.!* 

CkkatcBacbla^*  Padto^ 
to       B.  r.  lac  «•. V 
Ctotral  of  H.  J,  IK  ai. 
to  to     I 


laM|k*W1^ ._ 

to  to  ia.|»M.R.D. 

to  to  :m%c  to  .. 

to  to  MB..UC.P. 

to  to  waXaM;p. 

to  to  Ma.  !:*D.. 

to  to  Ma.  H.*0. 

to  to  M  a.  C.  a  M. 

to  to  MCoatoL 

to  to  Ma.  ^do   . 
cue.  a  X.  Waatara  rtak.  ta^ 


mmcvtrni*. 


Ii 


107 


3tH 


a 


in 
iii' 


Bid.  . 


uati  ioai« 

'lOti  1I3X 

M  :iu) 
111  ]  ... 

*»**!  

iWMiia>\ 
II*  1114  ; 
M     a   I 

U     I   ... 

d 
■) 

„.  ■  »i 

MXlUR 


r. 


KK\ 


Tol.  a  Wabuta, Ut  m.  extend, 
do  do      Itt  in.St.I..dlv 

do  to       Umon 

do  to       eqalpmt  bd«. 

do  to       eoo.  conrert. . 

Hualbal  a  RiplM,  Ut  morL. . 

Unat  WaaMm,  IM  mort..  19H. 
d<to  3d  mort..  18M.. 

OoIuct  a  Tolato,  lit  mort.  laW 

Iiltnou  a  So.  Iowa,  Itt  mort.. . 

Lararena.  BCD  a  Mlu.,  Istm. 

Ilu.  a  Ccatr*]  MlMonrl,  ut  m., 

frklaXtacala  a  I>«c>tar,  ui  m  I 

KoalOB  a  N.  Y.  Air  Line  Ut  m. 

ctarialaratu  *  Chic,  Ut  m. 

Del.aHiotoB  Canal,  Utm.,  "tl 
to  to  UU 

to  to  tar. 

do  to     coop.  Ta,  1AM 

do  to       nt.  7a.  IMI 

l.oacIalaBd  RR.,  in  mort 

Soatk  SMa,  L.  I«  Ut  m.  boada. 
to  tlnkloataad.. 

Waalara  Ualoa  TaU  UMkooap 

IKtoefllaacBaa  List. 

lAratan'  yiinWiwn  > 

ctTiia, 

AnMr.'-T.-** 

KoSSe  Water 

to     Park 

a>Mig«ta,loac  dalaa 

to      Ta.Mveraca 

to      ».  water 

to     ik  rlrrr  lopcoTanaa 

do     7a,  ranaoa 

cUraiaadTa 

UaiMll  Wslar  Worka  71. 

IfllajllHi  Ctty.  daa  g. 


lOlH  1 


aacuRiTtxs. 


II.  to      to 


iOmSm 


.U*l 
.MX 
J  a  .1 


to       B.C.KB. 


to        to  ofB 

to        to  ••■It^ 

to         to  ep.(M.Ma 

to         to  ras.  *• 

Iowa  Mldlaad,  IM  BMt-  ia.. . . 
tialeaa  a  Cklfa»a  Kiuatol 
fralaasla,U(  aMTt-aa — 
•  hic.  a  MUvaakaarM 
wiBoua  at.  rataa.  M 

to  to  Maot% 

'•..C..C.ai»«-i.Ma.7a.B.r. 

to         Coaaol.a.  boadai    .. 

ilotTttaBiaa.Ma«n. \M    v.*      to 

UBaMiiiiiliia  T^    ush 

w,    aocifn 

to     M«ea.,««af.  «M»  1<»H 


aur.doalM 

BAitaoAO*. 

ar.rMk.ia.roi4... 
a.rMitoL.o..li.cid 


to       toaMaaiilt.  •  '-.  "   . 


Claaai 


Maa.  a  M.  J*,  laa*  BfaMa 


Atakkoa  a  Fabnaka,  I  p.  e. . 
Bar.  a  Mo.  Ur^LaM  a.  la.. . 

to  do       Mi,  to  Ik., 

do       M£.toM.., 

to  to       MkB.,toai.. 

to  do       HhS..toti.. 

to  do       •Ui.,tola. 

Bar.C.  H.  a  M.  (M.  dlT.)^.  1 


« .':.iiiii: 

to      Msnatobla  band* 


uaba^aa  *  Meaa  Cnr.  M  a . . 

«•  to        m£V. 

<'a«wrwiia  |fiL.MaM«. 

iiiMnii.llAwirialaaW.. 

to  '        to       Mawt... 

MIeh.  to.  7  a.  r  Mmort 

WIch.  •.  a  !l.Iiid.,S.  r..7  a.a. 
•  If*,  a  Tel.  Uakii*  (aad.... 

to         to   aaw  baato...... 

Ctaw^raM*  a  AA.. aM  M*. 

*-     *  -        PtJGS 


ma' 


.ntt: 


:1i.mM.. 
,  •fcfca.,! 

M  a 

wtu  IM.  eafttfa. 

caainl  PeaMali,  mM.  wa*.. 

Caaml  oCiava  M  a.^  (oM 

to         to    {«a.S:(eld 

■Mtaka  SLraaia 

aBar.a 
Ri 

i»Ta 

Hiaapaaital  d 

.     u  a  Btivaaiara  I*,  gaar., . 
CHiin  Mkaap.  M  a.  jSifc 

£*"  sSjfe 

ail(MO.CIiaMa*DSS.irr.* 
aaMk.Ma.B.* 

vT.....^.. 


"X 


■lacallaaaaaa  aiarka 


eaa  MaMMTattBrapk. 
•JoaVof  ir'i!"' 

ic«rr&M 


MUWMtB 

C   _       to    lii 

Clfaa.APMa.waiaLi.faBd. 
4»  _     to.  «Ui  aott. 


■SM 


Oal.ClH  4lB4.CUtawcl.. 

Je  _  *.    M  aort.. 

— 11'aana.aM.M 

MsaBiarB,Ma.. 

.'I  Ma 


i?.i 


to  to  Bv.'dit., 


a*      _ 
IMaaarlfe  .. 

Ma«L.a.''ii 

[trTaltarrM 
aiai  C.  IM  ^foM 
A  VlBMn.  UlTi.nar 
aitoax  C   IMIi... 
ICLwOa*.... 
lank.  IM  7a,  (. 
_..'a)ua)M  f.... 
_i,  y.  aaav.  la 
Iniiaa4aa>.ai.... 

-~  1i,a(t«a>laD.cold 
|i,laad  (TBBi.  lid 
a.  to  aaw  eld 
ja,KM,Jaaaa0ae 
«i,lia>tb.  a  Ah 

l»^ 

to      ■•.  t«... 

Hoek 

ABMtbB.N,caar 
■a.au.li.(LaB 
_  Ctlr  *  CaBwroa  iK. . 

c,at;jo.ac.B.«iof« 

KaoSak  a  Daa  Molaaa  i«t°7> 

Weoap.o"   -^   TJ . 
faBdr<1 

L.  Oai. iiMa  RR.  IM  in.  .r 

Cika tap.  a  MiM.  Ut  ;<.it"i'i    u 

'taa»,Aicl..ail.w.7..»oar..    n 

>T..  Law.  a  Oal.  IM  m.,  IW. .  I  !• 

Craw.as.  w.ti.cld.    10 

J  AlrUsaa. 

|loaP.J«rTU7i.(eld 

trM7i,r>M J... 

~  -AToaa      fold.. 


Mo.  R.,Ft.  S.  is  Guir  Ut  sa.  lOf 

■  o  do  3din.  lOi. 

N.  Raran.  Itlddlefn  a  W.  7>. . 

M.  J.  Midland  ut  7b,  gold 

do  i<n« 

New  Jeraer  a  X.  V. '»,  gold. 
M.  r.  a  Uiw.  Mid.  ut  7i,  gold, 
do  do        2d  7«,coDT. 

Korth.  Ptc  ut  m.  gold  7  S-IW.. 
'Anala  ASouthweitpm  RR.m 

OiwrgoA  Rome 7s, guv 

Prona.  Prkin  a  J.  ut  mort. . . . 
Peoria  A  Rock  I.  *•,  gold  .  . 
Port  Uaroa  A  L.  M.Ts.gld.cnd 
Pallman  Palace  (  ar  Co.  (lock, 
do  bds,  Se,  4th  cerlee 
Rockf'd,  R.  1.  A  SI.  L.  Ut  -■.  Kid 
R..u-it  •  *■  '*«we«o  7*. sold... 

Bloux  CUT  «  Pacific  (>• 

SoDtbcrnMlna.  coutruc  Bs. . . 

do  7» 

BL  Jo.  a  C.  Bl.  lat  mort.  IM. . . 
do         do  8p.  e. 

BaDdaik]r,Mant.  A  Newark  7>. 
St.  LonU,  VandaUa  a  T.  H .  Ut. 
to  do  3d,  goar. 

It.  L.  a  Bo'eaatam  Ut  7a,  gold. 
)t.L.ai.Mt.  .Ark.  Br.)7>,g. 
Bonthem  Central  of  N.  T.  >■.. . 

Caloa  a  Loganaport  7b 

Union  PaclOc.  So.  branch,  (a,  g 

Wiikni  Valler  Ut7t,rol<i 

Wett  WlBcoBBln  7b,  gold 

Wlacoiuin  Vallej  8a       

Soottaara  Sacorltlea. 

'.£rolc*n'  Quolatioiu^ 

rr>Tn. 

Loolalaaanrw  coBaol.7B 

tooth  tSarollna  new  conaol.  a. 

Taxaa  Btata  (a,  Ign 

to       la.U*|.3 

do       Ti.gold 

to      lda,o(IBM 

to      IOi,peniloB 

oiTtsa. 
Oa.,7a 

»     a.i 

Aagaau.  Oa..  *•.  bondi 

Ckanaalon  Block  <• 

Cbarlaaton.  S.  C,  7i,  r.  L.  bda. 

CaiaabU.  8.  c,  ia 

Ga..7a,  bonda 

_«a    

p.,^^Bdi 

-ipblaold  boBda.a 

do      newbondB.ii  

do      and,  H.ac.  RR.  ... 

UobUa  9a,(conpa.  on> 

to     li,(ooBpa.  on) 

iteSK??5i.::.::::::::.::. 

da       k.M« 

Raw  orleaaa  9a 

do  ooBBol.  (a 

do  bondB,  7b 

do  (Old  7b,  qnartartr 

do  lOa. 

do  to  rallroadB,  la. . 
lorfor 


do      ft.  aav .............. 

WOailactoo,  R.  ci.  ia,  gold'...', 
to  to     iiigold.... 

aaiLaOAOa. 
Ala.a  Chtit.  utm.at., and.... 

AU.  ATcnn.  R.  Ut  mort.  7b... 
40         du  MmoM.7a.... 

kUaalleaOalt.coBMf: 

to  da  aad.MTBB'b. 


Qvattaa 
OaabalC 


da  Mock... 
to     fc   t 


Bid. 


9D 
10 

is" 
is 

t) 
M 
70 
4< 

3) 
8»X 

4J« 
U 

u 

71 
80 

aa° 
«s 
7ft 

bo' 

IS 

ti' 


sa 

ii 

M 


(Bar... 

Caairal  M  B.la,  g- . 

eoanl.  B.7i. 

aioak 

OaLAA.UlM.7a... 
to      Mock .... 
■  a  BaTaBBah  tt,  and 

a  Cbar.  IM  m.Ti 

jw  a  Darlington  7t. . . 
ItaMTann.a  (leomuat... 
ftaat  Tcnn.  a  Va.  da,  end.  Tena 
R.  Tana.  Va.  a  Ga.  IM  u).7b.. 

do  do        Block 

Oeorgla  RR.  7b 

do  Block 

Oremrllle  a  Col.  :•,  gnar .... 

do  do    7i.certlf. .. 

Maroaa  Rranavlck  end. 7b.. 

MaeoB  a  AaguaU  bonda 

to  to 

to  do      iiock. 

MaBDhli  a  CharlaatOB  IM  7b. 

do  do  ad7a.. 

to  do  itock  . 

MaopMa  a  Little  Rorl  ut  in.. 

tiii^UppI  Caalral  IM  n.  7b.  . , 

do  MlB.tB.... 

IlllillilpH * Tenn.  lal  m. 'a. 

do  do    eoBtol.a. 

MoBtcomarr  a  Weat  P.  Ut  a. 

do  do  iBcomt 

Moni.  a  Enfaola  Ut  to,  g.  and. 

Moblla  a  Uhlo  iUrlIng 

do  do      to    cz  oorttr 

do  to  a.lntarcat 

do  do  Sduiort.M.... 

do  du  Block 

R.  unaaaaa  Jtcka.  ut  m 

to  do    cvrllr'B  Ba.. 

V   '•.i.<.*i)B  A  OiH-louii.  ut  m.  Bb 

'■a  ('liallanooga  6b.  .. 

A  Pclrraliurg  iBtm.jB 

do  7b 

ilo  do         M  a.  a 

RoribaaMam, B.  C,  IMm.  a,. 

do  3dra.8a... 

Oraage  a  Alaxaadrla,  lau,li.. 

do  do  3dB,  a.. 

do  do  Ma,  a. 

do  do         4tlit,M.. 

Rlrhm'd  A  Pcier>b'(  Ut  ni.  it. 

Rich., Fre'ktn'K a  Puio.la. ... 

do  do  conr.7B 

Rkh.Alianr.  Ut  conaol.  ta... 

Huuthwoat  IIU.  Oa  .  Ut  ro. 

8.  Carolina  ItR.  Ui  in.  7b,  new. 

do  ta 

I        do  7b 

I        to  Block 

WiM  Alabana  a,  guar 

I        paar  nt;a  cotTPoaa. 

Tenncatea  Bute  eoopona 

I  Virginia  oonpoBB 

do      oonaol.oons., ,,..,,,. 
MMDpblt  City  eoapdlu.. , , . .,,. 


M 

MX 


a 

100 
75 
90 


wo 

83 

dt 


« 
9a 

H 
N 
100 

m 

7» 


00 
100 


.8 

■ 
» 

8 


582 


>THE   CHRONICLE. 


[Dccembsr  4  1875. 


NEW  YORK  LOOAL  SEOURITIES. 


Bank  Stock  Llat. 


COUPANIES. 


Harkml  thiii  (•)   are 
notNutfouai. 


America* 

An)«rlc»u  Exctaaoge. 

Bowery 

Broadway 

Ball's  Head* 

Butchers  A  DroTers . . 

Central 

Cbatliam 

Cbemlcal 

Cltlzeas' 

City 

Commerce 

Continental 

Corn  Kxotianire*.... 

Currency 

Dry  Goods' 

East  Klver  ...  

Klevonth  Ward*.... 

Fifth 

Flrat 

Ponrth  

Fulton 

Oallatln 

German  American* 
German  Exchange*. 

BCi'manta* 

Greenwich* 

Grand  Central* 

Grocers* 

Hanover 

Harlem* , 

Importers'  &  Traders'. 

Irvlnst 

Island  City 

liuather  Alanufactrt^.. 

Loaners'* 

Manufctrers'*  Build.* 

Manhattan* 

Manul.  &  Merchants*. 

Marine 

Market 

Mechanics  

Mech.  Bkg  AsBO'tlon.. 
Mechanics  &  Traders.. 

Mercantile 

.Merchants 

Merchants' Ex 

Metropolis* 

Metropolitan 

Murray  Hill* 

Nassau* 

New  York 

New  York  County 

N  Y.Nat. Exchange.. 
NY.  Gold  Exchange* 

Ninth "... 

North  America* 

North  Rivet* 

Oriental* 

Paoiac* 

Park 

Peoples* 

Phenlx 

Produce* 

Republic 

Bt.  Nicholas 

BeventhWard 

Second 

Shoe  and  Leather 

Sixth  

State  of  New  York.... 

Tenth 

Third : 

Tradesmen's 

Union 

West  Side* 


DiTIDEKDB. 


Periods. j  1873     1S74     Laat  Paid. 


1.000,000 
850,000 
210,000 
150,000 

600  mi 

B.000,000 

600.0«) 

1500,000 

1000,000 

ai  0,000 

200,000 
200,000 
lOO.llOO 
800,0(10 

1  000,000 
'100,000 

1  500,1100 
500.000 

moio 

600.000 

500,00u 

4:0,000 

2.050,000 

800,000 

400,000 

l,000,OOC 

2,000,000 

600,000 

500,000 

1,000.000 

3.C0O,0CO 

1,000,000 

500,000 

4,000,000 

2-J0,000 

1,000,000 

3,000.000 

200,000 

500,000 

500,000 

1.5fl0,0r« 

1,000,000 

400,000 

300,000 

42-J.700 

2,000,000 

4;2,.WU 

1,800,000 

250,000 

2,000.000 

1,000,000 

800.000 

800,000 

1,000,000 

200,000 

2,000,000 

1.000,000 

1. "00,000 

1,000,00(1 

1,500,(100 

200,000 


J.  ft  J. 
M.&N. 
J.&  J. 
J.&  J. 
Q-J. 

J.&  J. 
J.&  J. 

ev.  2  mos 
J.&.I. 
Q-F. 
.KA  J. 
J.  A  J. 
P.&A. 
J.*  J. 
J.&  J. 
J.  4  J. 
J.&  J. 

ri- 

.!.&  J. 
M.&N. 
A.&O. 
F.&  A. 
M.&N. 
M.&N. 
M.&N. 
,M.&N. 
J.&  J. 
.!.&  J. 
M.&S. 
J.&  J. 
J.&  J. 


J.&.I. 
F.&A. 
.J.&  J. 
F.&A 
J.&  J. 
J.&  J. 
,I.&.I. 
J.&  J. 
M.&N. 
M.&N. 
M.&N, 
J.&  J. 
J.&  J. 
J.&  J. 
J.&  J. 
A.&O. 
M.4N, 
J.&  J. 
J.&  J. 
J.&  J. 
J.&  J. 
J.&  J. 
J.&  J. 
J.&  J. 
J.&  J. 
Q-F. 
J.&  J. 
.J.&  J. 
J   &  J. 

F.'&A. 
F.&A. 
.T.&  J. 
J.&  J. 
J.&  J. 
J.&.I, 
M.&N. 
J.&  J. 
J.&.I. 
J.&  J. 
M.&N. 
J.&  J. 


7 
It 
14 

8 
11  2-8 


10 

4 

8 
10 
14 

« 

5 

8 

8 

1 
12 
12 
12 
10 

7 

3X 


12 
10 


11 
10 
'.0 

IK 
10 

9 

8 

4 

8 
10 

8 

8 
10 
13 


7 
12 
12 
12 
10 

7 

SM 

8 


12 
12 

8 

8 

I** 
10 
10 

s 


Jalyl.'75...5 
Nov.  1,T5...4 
July  I,  "75.  .6 
JulTl,'73..12 
Sept.  1, '75.. S 
Jalyl,'75...5 
July  1,'15...4 
■IniTl,  15.,  .5 
Sept.  l,*7J.16 
Julyl,TS...4 
wcv.l,'75...5 
July 6.  75.. -1 
July  6.  "TS... 4 
Anir.2, 15...5 
JbG'1,"74...4 
JnlvlU.'75...9 
Jay  1,'75...4 
July  1.  7S.8H 
Jalyl,75.2s 
July  I,  76.. .S 
July  1,  TO..  4 
Nov-l.-TS.,-? 
Oct.  9,  '75.  .4 
Feb. I, '74... I 
May  I, '74...'. 
May,  1 '75... 8 
May  1,^5..  10 


Pbiot. 


Bid.   Aakd 


i.w>.: 

IK)        lit 


Ju'yl, '75...5 
July  1, '75.., 4 
Mch.l,'75..4 
Julyl,'75...7 
.Iulyl,'75...S 


July  l,'75...6 
Feb.l2,'74.*S 
Jau.l0,'75...4 
Ang.10.-75.. 5 
Julyl,'75..3>4 
July  1,  "75... 5 
July :, '75.. .4 
.July  I.  •75..  .5 
"•ov.  !,'7i...8 
Nov.  1,'75  ..6 
Nov.  1,'75..4 
July  1, '75... 4 
.Inly  1,"I5...4 
Inly  1,  "75  3)i 
July),  •75..^ 
Oct  1,'ni.  .4 
Nov.  lu,-5..4 
July  I, '75.. .5 
July  1,"!?...7 
Jnlyl,*7.'>.S>, 
May,  •73... 5 
.Jan.  2. -75... 4 
July  1, '75.. 4 
July  l,'74J)^ 
JulTl.'75..:6 
Nov,l,1.5...8 
July  1,'75. 
]..lyl.'75...6 
July  1,'75.3H 
JulylS,'T4.3)i 
Feb.  8,  '75.  4 
Aug. 9,  75.. 4 
July  1, '(5.. .3 
July  1.  '73..  .7 
July  1,75... 6 
July  I, '7.1... 4 
Nov.  lO.'TS..  4 
Jan.2'74.Jxe 
July  1, •75-.  4 
July  1,'73.,.6 
Nov.  ^•73..5 
Julyl.'75...4| 


100 
I4J 

l.SiXi 

soo' 

120 


Inanrance  Stock  IiUt. 

(Quotations  by  K.  S.  Bailkt.  broker,  «5  Wall  street.) 


CoMTAinxs. 


131 


102.H 


Gas  and  City  R.R.  Stocks  and  Bonds. 

[Quotations  by  Charles  Otis,  Broker,  47  Exchange  Place.) 


Gab  C0J1PANIK8. 


Brooklyn  Gas  Light  Co 

Citizens^  Gas  Co  (Bklyn 

_        do  certincates.... 

Harlem 

Jersey  City  &  Hoboken 

Manhattan 

Metropolitan 

do         certiQcates 

do         b  nds 

Mutual.N.  Y 

Nassau,  Brooklyn 

do  scrip , 

Now  York 

People's  (Brooklyn) 

do  do       bonds 

Westchester  Conutv 

Certificates 

Bonds 

Williamsburg 

do  serin 


PariAmount.  Periods. 


£:»',eker St.it  fuUonJ''erri/—alacki  lou 

ist  mortgage ,000 

BroaAway  A  Seventh  4pe— stock.    100 

Ist  mortgage looc 

Brookii/n  City— stock :o 

1st  mortgage lOoo 

Broadmay  I  Brooklyn)— stack loO 

Brooklyn  tt  Jlunler'sPt— Block..  >  '00 

Ist  mortgage  bonds... iiooo 

Ventral  Pk,  If.  it  A'.  iHcer— stock  I  100 

Istmortgage iixio 

2d       do       'lOOO 

CAristoplier  dt'lentti  street— tioci    . 
Oiney/mnnd  ct  Brook'n-ist  mort  lOOC 
Vry  Dock,  E,  B.  A  Batter y—eloeX    100 

1st  mortgage,  cons^d 

mtgh  ih  <lr«nu«— stock 


2,000,000 
1,200,000 

SOO.(J('0 
1,850,000 

386,000 
4,000,000 
2,f  00,000 
1.000,000 

500,000 
5  000,000 
1,000.000 

5(10,000 
4,000,000 
1,000,000 

300,000 

4S6,00O 

53.000 

21,1  lOO 

1,000,000 

1000,000 


A.&O. 
F.&A. 
J.&  J. 
J.&  J. 
M,&S. 
M.&S 
J.&  J. 


Last        Bid. 

S!    dlviaend. 


M.&N. 
Q-F. 
M.&S. 
F.&A. 


J.  &  J. 
J.&  J. 
J.&  J. 


Oct.,  '75 
July,  "76 


Nov., 
July, 


July, 


7    i:"."'.^' 


Ist  mortgage 
tidSt.  <t  arand  St  Jierry-^toii. 

Istmortgage 

Central  Cross  Jown- alocb.'.  '  ' 

Istmortgage 

tllnth  Avenue— Btoc)i '.], 

Istmortgage ,  ..,,*,"* 

Second  Avenue — stock     '" 

Istmortgage *. '" 

2dmortgage " 

84  mortgage 

Coss.  Convertible " 

iftixlh  Aventiif.-  stock '. 

Istmortgage ', 

S/itrit  Ave.nne— stock ".. 

Istmortgage 

f'Knly-tlUri  Street-ttocis 

1st '•^^^t.^>'g(i 


100 
1000 
50 
100(1 
10(0 
1000 
1000 

10«1 
1000 1 

100 
1000 

100 
llOOl 


900,000 

614,000 

2,100,000 

1,(100,000 

2,000,000 

300,000 

200,000 

400,000 

800,000 

1,161,000 

550.0(10 

600,0011 

650.000 

307,000 

1,200,000 

900,000 

1,000,000 

203,000 

750,000 

2;.'0,000 

560,000 

200,000 

797,000 

167,000 

1,099,500 

350,000 

200,000 

150,000 

89fl,'0O 

750,OOC 

250,000 

2,000,(100 

2,000,000 

600,000 

120,000 


J.  &  J. 
J.&  J. 
J.&D. 
Q-F. 
J.  &  J. 
J.&  J. 


J.&. 


F.&A. 
M.&N. 


J.  &  J. 
Q-F. 
J?&D 
J.&  J. 
J.&  J. 
M.&N. 
A.&O. 


J.&  J. 

7.'&b'. 

F.&A. 
A.&O. 
M.&N. 
M.4N. 
J.  &  J. 
Q-F. 
J.  &  J. 
J  A  J. 
M.&N, 


1SS0 
July,  75 

1(B4 
Nov.,";5 

1872 
July,  'S 
O  t.,'-,5 

ISliS 

"iss'i" 

1890 

■'1877" 
Nov.,  '75 

jily,'75 

Ncv.','75 
1873 


150 

ion 


Adriatic 

iEtna 

American 

American  Excb'e 

Amity..  , 

Arctic , 

Atlantic 

Bowery .. 

Brewers'  A  M'lst'rs 

Broadway 

Brooklyn 

CItlzeus'.    

City 

Clinton 

Columbia 

(Commerce  Fire. 
Commercial  .... 

Continental 

Eagle  

Empire  City 

Enjporlum 

Kxciiange 

Farragut 

Firemen's  

Flreraen'8  Fund 

Firemen's  Trust... 

Qebhard 

German- American 

Germaula 

Globe 

Greenwich 

Guaranty 

Guardian 

Hamilton 

Hanover 

Hofllnan 

Home 

Hope 

Howard 

Importers'A  Trad.. 

Irving 

Jefferson 

Kings  Co.  (B'klyn) 

Knickerbocker 

Lafayette  (B'klyn) 

Lamar..    ; 

Lenox 

Longl8land(Bkly.) 

LorlTlard   

Manuf  &  Builders*. 

Manhattati 

Mech.&Trad'rs'.... 
Mechanic8'(Bklyn) 

Mercantile 

Merchants' 

Metropolitan 

Montauk  (B'klyn). 
Nassau  (B'klyn)... 

National 

N.Y.  Equitable.... 
New  York  Fire  ... 
N.Y.  &  \onkers.. 

Niagara 

KorthP.iver 

Pacific 

Park  

Peter  Cooper.  .... 

People's 

Phenlx  (B'klvn)  ., 
Produce  Exchange 

Relief 

Republic 

Kldgewood 

Resolute 

Rutgers' 

Safeguard 

St.Nlcholas 

Standard 

Star 

Sterling 

Stuyvesant 

Tradesmen's 

United  States 

Westchester 

Wininmshnrgritv. 


Capital. 


Par  Amount. 


25 
100 
50 
100 
101) 
20 
SO 
26 
100 
25 
17 
20 
70 

:oo 

SO 
100 

SO 
100 
40 
lOU 
lOO 
3I< 
6(1 
17 
10 
10 
lOU 
100 
50 
50 
25 
HO 
100 

:5 

60 
50 

100 
25 
60 
5(1 

101 
30 
•* 
40 
50 

100 
25 
50 
25 

100 

lOO 
25 
50 
50 
50 

;o 

50 
60 

""& 
100 
100 
50 
25 
26 
100 
20 
60 
50 
1111 
60 
100 
lOil 
100 
25 
100 
26 
50 
100 
100 
23 
25 

■a 

10 

50- 


200.000 
200,000 
41X1.000 
200,000 
200.000 
20(1.000 
200,000 
300,000 
200.000 
200,000 
153,000 
300,000 
210,000 
250,000 
300,000 
200,000 
200,000 

1,000,000 
300,000 
200,000 
'200.000 
200,000 
200,000 
20!,000 
150,000 
150,000 
200,000 

1,000,000 
500,000 
20(1,000 
200,000 
200,000 
200,000 
150,000 
600,000 
200,000 

3,100.000 
160.000 
.100,000 
200,000 
200,000 
200.010 
160,000 
280,000 
150,000 
200,000 
150,000 
200,000 
300,000 
200.00(1 
250,00(1 
200,000 
150,000 
200,000 
200,000 
300,000 
200,000 
200,000 
200,000 
210,000 
200,000 
200,000 
500.000 
350.000 
200,1100 
2(10,000 
160,000 
150,000 

1,000,000 
VOil.lUI 
200,000 
800,000 
SCO.CCO 
200,000 
2(IO,C00 
200,000 
200,000 
200,000 
200,000 
200,000 
200,000 
150,000 
250,000 
2,10,000 
2,10,0(10 


PLUS, 

Jan.  1, 
1K5,* 


l>ivip«SDe, 


1871  18r2  1878  1871  Last  Paid, 


22,: -.7 

M.'W 
244,««3 

(8,7« 
5,095 

16,488 
106,636 
390,375 
7,721 
260,575 
240,4 1: 
212.373 
i09,8»4 
1^6,9C7 

49,737 

27,478 
123,6:9 
3i'6.601 
474,0(9 
119,558 

26,2:;6 

92,615 

94,183 

81,306 

9!,940 

19,937 
322,569 
398,751 
116,672 
325,221 

"iaim 

l'i5,-96 
t329,C9} 
90,653 
t885,281 
'23,741 
143,112 
77,712 
14,861 
136,241110 
174,612   10 


80,264 
121,317 

83,445 

79.863 
169,447 

67,288 
113.712 
187,759 
315,753 
122,4':9 

50,008 
151,863 

86,755 
121,476 


15 


234,314   20 

96,618     - 
Si  0,S85 
196,0(11 

•20,629 
426,524 
12S,6('0 
3.6(1,139  :20 
166,216 
211,614 
l.'!2,:08 
586,22! 

12,(X) 

43,051 
101,002 

58,877 

.i!0,441 
191,749 

90.597 
t61,403 
121,506 

78,!IK0 

71,07' 


165,S(i9  I 
133,966  14 
'246,823  14 
tl62,560  10 
»6.690'10 


iH 


10 
10 

11 

10 

7i< 
10 
10 
20 

5 
20 
30 
17 
20 
17 
10 
10 
13 
10 
30 
10 
'.0 
;0 
10 
13 
10 
10 
10 

:o 

10 
15 
50 

io' 

20 

0 
10 
10 
10 
lU 
15 

7 
10 
20 
20 
10 
10 
10 
13 
10 
10 
10 
10 
10 
10 
17 
10 
20 
20 
10 
20 
CO 
lU 
10 
12 

;o 

.'0 

ro 


100 
105 


92X 

ios" 

155 

Si 
86 


155 
100 


72X 


Oct. ,-75   . 

1877 

1876 

1885 

1888 
Nov.,*?! 

1890 
Nov.,  '75 

1(190 
July, 15 


10 
II 
10 
10 

•M 
10 
11 
15 
10 
10 
16 
10 
14 
10  10 
10    1 12 


Jnly.'7S..5 
July.'Ts..-. 
July,'75..8 
July, '75.  .5 
July, '75.  .4 
July.  •75.. 5 
Julj,'75..5 
-Inne,"?.^.^ 
July,  IS.. 5 
AUK.,'75.lt' 
July.  "75.20 
Julv'7i..;(i 
Aug.,"73.1( 
July, '75.  :0 
July, '75.  .5 
July, '75.  .5 
July, '75.10 
July '75. .,r 
Oct., '71.1 
,luly,'75  .7 
Inly,  "75.  .6 
July,  '75.10 
July,'75.7)( 
July, '76.  .t 
Inly, '75.. 6 
July,  •75.  .6 
M>g..'75..S 
July, '73.  .5 
July, '75. .! 
July.'75..10 
(Jet., '75.10 

.July,  •75.. 5 
Jnly,'75..!0 
Joly,^75.  6 
Ju  y, '75..5 
July,  •75.. 5 
July,'75..6 
July,^75...6 
July,  •75.  .6 
July.^75..5 
?cnt.,T5.,5 
July. '75. 11' 
July,  •75.10 
July,  '75.11 
July, '75.. 6 
July,  '75.  .5 
July,  •75.. ^ 
July,  •^s.. 5 
July,  •75.. 6 
July, '75.. 7 
July,  •75.10 
July, '75.. 5 
July, '75.  .6 
July,  •75.1(1 
July. '75.. 5 
July, '75.10 
Jui.e,~3.I0 
July, '75.  .6 
Inly, '73.10 
AnB..'75.10 
July.*75..5 
July, '73.. 5 
Oil. ,'75., 6 
Jr.ly, '73.25 
JuIy,'7i.lC 
.!uly.'75.10 
.lu  v,  75.10 
July,  "S.. 5 
July, '75.  .5 
July,  '75.  5 
July, '75. .5 
July,  '75.. 6 

,Tnly,^75  .5 
Aug.,'75.10 
Ju1y,'73.7)« 

Aug.,'73..5 

.Ju!y.'75.n.6  in 
July,'75.7)<  115 
Aug.,'75  .5  103 
July,  '73.10  .  . 
Julv,  '73.10  173 
July, '7b.. 6  170 
Ang,'73..r>  110 
Ju  y.  "75.101  211) 


Bid 


75 
87S 
160 

iin 

"73' 
10; 

220 

Ml 
310 
2'20 
175 
173 
145 

U) 


99 
165 
115 

93 
101 

95 
170 
118 

SO 
160 
•2C'5 
140 
166 
103 
103 
<B0 

93 
125 
107 
215 
160 

93 
185 

75 
175 
191 
110 
M3 
17U 

85 
115 

isd" 

170 
210 
IC9 
I',3 

'w" 

91 

"f6" 

175 


Aekd 


80 


129 
3(0 


101 
175 
118 
97 

11'6 
100 


170 
110 


UO 


198 
80 

189 


175 
90 
118 


130 
100 
9.1 

67 

no 

85 
185 
120 

i-20" 

110 

US 


'  Over  all  Ila.hilltle8.  Inchming  re-'.nsu.-aiice.  capital  ami  pi-nilt  scrip 

t  Stock  dividends  of  25  per  cent  by  the  Hanover  and  Westchester,  2J  per  cent 

by  the  Home,  and  33>i  per  cent  by  ifie  St.  Nlchclas,  have  since  been  declared  out 

of  above  net  surplus. 

C!tr  Sccnrlties. 

[Quotations  by  Danibl  A.  Moras,  Broker,  40  Wall    Street.] 


I 


INTKRKBT. 


•Tlu»  coiunu.  buows  last  dlvldeod  t»n  tiodtt,  nXto  date  ot  njaturlty  of  »«n<f>. 


70 
100 
100 


100 

!4I> 
UO 

166" 


A'eto  York: 
Water  stock 1811-63. 

do         1854-57. 

Croton  waterstock.. 1813-51. 

do  do        ..1862-60. 

Croton  Aqued'ct  stock.  1865. 

do     .  pipes  and  mains 

do       reservoir  bonds 

Central  Park  bonds. .185S..17. 

do        do        ..1853-65. 
Dock  bonds 1832. 

do        1870. 

do        1-75, 

Floating  debt  stock 1860. 

Market  stock 1865-68. 

Soldlers'aid  fund 1863, 

Improvement  stock 1R69 

do  (O     1869, 

ConsolKlated  bonds var. 

Street  imp.  stock' var. 

do         do       var. 

Ntiw  (Jonsolldafpd 

■\A'eatchc8ter  County 

Jersey  Cttv: 
Water  loan 1852-ir7. 

do       long 

do        1869-71 

Sewerage  bondj 1866-(!9. 

Assessment  bonds. . .  187(1-71 . 

Improvem-nt  bonds    

Bergen  bonds 1868-«9, 

;!raoi;wn-[(Jnot8tloua  by  N 
Local  Improvement— 

City  bonds ..  

do        

Park  bonds 

Water  loan  bonds 

Brldgcbonds 

Water  loan 

City  bonds 

Kings  Co.  bonds .. 

do         do    

All  grttoklyn  bonds  flat. 


Rate.       Months  Payable. 

lFeb.,May  Ajg.&  Nov 
do  do 

I  do  do 

do  do 

(io  do 

May  &  November, 

Feb.,  May  Aug.A  Nov, 

do  do 

do  do 

do  do 

May  &  November. 


(londsdue. 


Prio« 


Bid.,  Ask 


S^g. 
6 

"h' 

7 
7 

"7' 


|F('b.,May,  Aug.A  Nov 
May  &  Novc'u^cr. 

1  do  dc 

:  do  do 

do  do 

I  do  do 

do  do 

do  do 


January  &  July. 

January  A  July. 

do  do 

Jan.,May,  July  &  Nov 


January  and  July. 

Bkbbs,  Jr.,  Broker,  2>i 

January  &  July, 
do  do 

do  do 

do  do 

do  do 

oo  do 

do  do 

May  A  November. 
ao  do 


1875-80 
137,1-79 

;      iS'Jd 

1S8;i-90 
18SI-1fi11 
1884-111(10 

iwn-n 

1875-98 
1875-95 

1876 

1901 

19(15 

1S78 
1894-97 

1S76 

1SS9 
1879-9(1 

19(11 

1888 
1879-82 

1F96 

1IJ9I 

1877 

1895 
1899-19(12 
1376-79 
1876-01 

'.P05 
1O76-I9C0 

Wall  St.] 


1    ^ 
\  IBl    I 

I  1l'2>«i 
102>.i 

:('9   1 
win] 

96.   I 
100 

97 
1(19 
102  >( 
101>, 
109 

■:(ii 

lOJH 

IIMS 

IM 

1('2H 

114). 

1  2 

106 

Ki 

96 
101 
102 
lO'J 
.«3X 
102 


1876-80 

1(2 

1S81-9S 

lOilVi 

1915-24 

nox 

1903 

:iov 

1915 

1 10 

902-1903 

ii.i 

1881-93 

1<2 

18S0-ts3 

|(6 

1S73-SU 

100 

97 

102 

W 
1(13 
103 
110 
103 

97 
103 

ft-'X 
no 

103 
102 
110 
112 
1(13 
10* 
113 
,03 
108 
113 
107 

9S 

97 
ICS 
102 
105 
II'S 
103  ti 


10) 

119 

IlliV 

112Vi 

111k 

104 

lf8K 

«7>i 

ica 


Deoeml^r  4,  iSiSJ 


THE  CHBONICLE 


633 


JuDCstmcnts 


AND 


STATE.  CITY  AND  COBPOBATION  FINANCES. 


The  "  larMtora'Sapplemeot"  Is  published  oa  the  laat  Saturday 
of  each  mouth,  and  furniahed  to  all  regular  aniMcribers  of  the 
Chvoxiclk.  No  aiogle  eopiea  of  the  Supplement  are  aold  at  the 
office,  aa  only  a  anfflclent  number  Is  printed  to  supply  regular 
■  ubecribers. 

ANNUAI,    REPORTS. 

Boitton  aud  Maine  Bailntad. 

{For  the  ytar  ending  Sept.  30,  1875.) 
The  annual  report  of  the'  director!  of  the   Boeton  and  Maine 
Railroad  exhibit!  the  reenlt  of  the  operations  ol   the  road  for  the 
tirelre  months  ending  September  90,  t87S,  aa  follows: 
Tke  groa*  reeeipU  (or  tw>lT«  oioeths  eadlac  8«pUsil>«r  30^  WS, 

wm !?:. '7.7:::: $MM,woib 

n«Msilt  ■iiiiiiiaii.  iirlsilTi  nf  Htm $1.MI.1>I  81 

TSSspu  liZrv: mjmM 

tanjux  77 


•aH,i7»4i 

tB*,IW93 


Laartac  as  net  earalag*  for  Um  y<ar 

latsiest  sad  eoopoB*  paid  dariac  the  T«ar. <.., 

Lmrlatthiiumol  aMr.RS  « 

The  gmea  taming*  of  the  twelve  months  ending  September 
90, 1874,  were  |3.431.';<.>0  27,  and  tbe  expeoses  for  ihe  same  time, 
laelndioK  interest,  coupons  and  taxes,  $1,794,444  84,  ahowiofr  a 
deereaae  in  the  grosa  reeelpts  of  the  present  aa  oomparrd  witU 
tbe  prerlona  year  of  $SijVS9  09,  and  in  the  operating  expenseii, 
Including  inlereat  and  taxes,  ot  tl8,088  14.  The  net  ineorae  for 
the  year  ending  September  90, 1874,  after  payioK  interest,  eonpon* 
snd  taxes,  waa  f697jlS4  48,  showing  a  deereaae  In  tbe  net  iomme 
of  the  preeent  aa  compared  with  tbe  prerlona  year  nf  |19.!)7''>  n. 
Thia  tailing  ofT  in  both  gross  and  ns*  rseelpta,  during  the  pant 
Tear,  U  aceoonted  (or  by  tbe  loag-caaUBaed  depression  in  all 
kiada  ol  boaiBeas,  commenrlog  lo  Beptamber,  1873,  with  the  gmt. 
linaacial  eriaia,  and  extending  lo  Iba  prasaot  time.  Tbe  dim-tors 
call  attaallon  to  tbe  fact  that  "  the  graaa  reeelpta  for  the  past  year 
are  oa!y  $33,090  GO  short  of  the  year  1874,  while  tbe  loss  in  nrt 
tarniDga  ia  only  $1U.S73  95  abort  of  tbe  previoaa  year ;  at  the 
aama  tiaM,  the  operating  expenses,  inelndiog  taxes  aad  latereet. 
hava  bSM  ledaced  only  |i3,eS3  11;  all  of  wMcb  proTea  that  Ibe 
neat  err  that  has  boca  ao  oftoa  aooadad  by  iaieraatod  paniri 
darias  um  paat  year,  that  your  proparty  waa  bala(  wasted  l>r  a 
raioooa  eompotitkw  wiih  a  neigbbofiag  load,  baa  aerved  only'  to 
frighten  atiwiibolders  and  theiaby  depress  tbe  market  ralua  ol 
their  property." 

Tbe  floating  debt  of  thla  corporation  baa  been  rednord  during 
tbe  year  9337349  W,  aad  stood,  at  tbe  close  of  budoees,  on  tlie 
30th  day  of  BeptsMbar.  1875.  at  t37:i.8'>0  :».  Tbe  same  baa  been 
further  rednesa,  aiaea  tbe  doaing  ol  tb«  arcnunta,  by  tbe  payment 
of  aatariag  llaMlhlaa,  amonntiag  to  $13.5,000.  At  tboJaUof 
Ibia  report,  the  whole  floatlag  debt  of  tbe  enrporatton  la  $S49.- 
6M  SO.  Twenty-eight  tlionsaad  Bve  hundred  dollars  of  this 
ame«rt  waa  incurrrd  witbio  tbe  past  year  for  additional  freight 
groaada  ia  I,awr«aee.  Toward  funding  this  amount  we  liare 
$l99jS00  of  the  18M  boada  yet  unsold.  Tba  managers  of  yjur 
proaortT  have  esartsd  themavlTea  lo  aacare  for  yoor  road  iti^ 
Isgitlmata  and  nropar  abare  of  the  biiilnsaa  of  ita  own  aad  eoa.i 
Doetlag  UaaB,a»d  with  this  object  la  vlaw  bare  Msd  OTary! 
boaotabla  maaaa  to  aeeara  tba  aama.  Oaa-half  tbe  boalaaaa  aaat 
of  Portland,  aa  we  bare  always  claimed,  belongs  to  your  road, 
and  aooner  or  later  our  claim  will  b«  aeknowladgei  as  just  and 
reaaoaaMsw  Tba  time  ia  not  far  dialaat  wbeo  a  '-broagb  line, 
witboat  abaaga  of  cara,  from  Baagor  to  Boaton,  will  ba  epaaad 
o*n  tba  Boaiaa  *  Mala*  Bailrsad. 

Tbe  liOweU  aad  Aadovcr  RaUroad  baa  beaa  ia  operatloa  tUrt  n 
aioatba.  daring  wbleb  tlma  tba  laaaipla  fram  tba  aaoM  have  been 
bat  litlia  more  than  enough  to  meet  the  axpeaaca  of  operation 
> ad  rent.  Tlila  hai  Iwen  no  disappoiataant  to  tbe  managers  »f 
your  pmpertr.  Tbe  rolume  of  boainaas  aaaklag  the  new  route  la 
gradually  iorreaaing,  and  it  is  coaSdaatlT  belloTsd  will  prove 
rrmuoerailve  to  tba  stockholders  of  tba  Boalaa  and  Maino  Hnil- 
road. 

Tba  eontmet  entered  into  with  the  Bsstsia  Ballroad  Company 
«n  tbe  4th  of  April.  1974.  for  a  dIvMon  of  bnsioees  at  eompetlag 
points,  rontlont^  in  lorr<> ;  sod  although  Ita  working  baa  not  been 
entirely  free  front  Irictioa,  yet  the  same  baa  saved  us  from  any 
wasteful  nnnpetition,  and  led,  wa  believe,  to  reaulls  beneficial  to 
bo«b  part  lea. 

Tba  fotlowiotc  figurra  are  froiu  the  company's  report  to  tba 
Msasacbnsstta  Htata  Commlsalooers: 


capital  stoek  paM  la. 


Total  pieawty  aad  asMte  of  Um  eompaar. 
K.<  anailMa  to  p»ii|i«i  if  aceoaai  lo*  lae  paa 


BiaaiHa,  saasaaaar  dspsrta 
Militplfc  frsMfctJepsfftaaal. 

Tend  eatalaga  

Kualagi  par  aJleot  road.... 


Op*fBllmi   .  . 

Onarsllug  «xp«i  aa  per  ■Be  ef  rosd. . 

Par  r«at  of  rxpMMsa  lo  laetaae 

faldtarisBi  r, 


is;*. 

•lM:.t14  M 

t.»M.aco«e 

•.Ml.««  44 

i^jaM.411  M 

l.4M.«R  M 

lf,ll».l«  tl 

tlCMTIB 

l.«7.in  M 

Mo,yn  Tt 

lt,l«  7* 

l,MAjaM 

8,IM  VJ 

W.78 

llt.TTS  M 

LIIT.nt  II 


187S.  18TI. 

Paid  for  Intereal 2!«,1!»  9!l  tM.'»8  K 

Dtvldenda  declared 360  000  00  960.000  00 

Sorplna ],iM.8a8  77  l,67t.S8>  41 

Piuaeoger*  carried 4,9n«,77U  4,749.866 

Paannger  mileage 65,423,481  79,06!. 176 

TOBI  freicht  carried MT.871  9U,MI 

rreltital  milniKe a&,4l0.7M  ».xCO.aM 

Average  rate  for  all  peaseogera tO0*9  $0.0188 

Avoage rate  (relsht  per  Ion ...  0.0185  0.0)86 

Old  Colony. 

(For  the  year  ending  S-.pt.  30  IS?.')  I 
Tbe  report  shows  that  the  g'oas  receipts  (or  twelve  months 
were  f2,i30.473  90;  expenses,  $1,413.135  39;  town,  city  and 
SUte  Uiea,  $110,609  01 ;  total.  $1,553,74140;  net  earninirs, 
$789,780  SO ;  leas  $35S).003  84,  balance  of  interest  account,  $473,- 
M6  68  ;  deduct  dividend!!.  $417,032  50 ;  balance  to  inco-ne 
aoeottot,  $d/';73  10;  balance  of  income  account,  $077,917  IS.  The 
dividend  of  Jan.  1,  lt)7S,  is  to  be  taken  in  part  from  this  balance. 
The  decrease  in  receipts  was  $103^35  73;  decrease  in  working 
oxpeaaea,  $04,804  05;  decrease  in  intere^it  paid,  $23,179  43; 
ineiaaaein  taxes,  $14,173  01 ;  decrease  in  net  earnings,  $1,434  96. 
A  number  of  improvements  have  been  made,  the  cost  o(  whldi 
has  been  charged  to  expense,  and  may  bo  estimated  as  follows  : 

OsitaraaweiialpaMnt $>7,«7a  9f 

OMCaf  HOar  platranna  and  (latent »,««1  98 

(Mlal  Weatiachome  brakei. 14,797(6 

OBStorM,l84reet  of  fids  track  1690000 

COstsf  l,4!*loiM0f  ateelralUInexccaaoftronattlSperton 39,590  00 

Oaalof  aewballdlDg* 16.907  00 

The  railroad  and  equipment  have  been  kept  up,  and  are  now 
ia  good  working  order.  Tbe  mileage  of  trains  has  increased  the 
past  year  10.102  miles,  and  the  computed  expense  per  mile  run  Is 
$1  12,  against  $1  13  last  year. 

The  business  of  the  road  has  considerably  decreased  during  Ihe 
paat  year,  caused  by  the  general  depresRioo  in  business  which 
has  so  materlaliy  affected  the  railroad  interests  of  the  country. 
Tbay  have  been  able,  without  dtminiahiog  the  train  service,  to 
cat  down  tbe  expenses  in  nearly  e<iual  pro[>ortioi<.s,  leaving  the 
net  earning  about  the  same  as  last  year.  Tbo  entire  suspension 
of  operatioQS  by  several  large  manufaeturiag  companies  npon  the 
line,  and  espaCially  at  Kail  River,  baa  aHected  the  passenger  re- 
eeipia.  Th<<  l>u9io(>ss  with  the  ialau'ls  in  Vineyai^d  Sound  and 
Naolncket  shows  a  fair  increase  for  tbe  year  and  promises  fur- 
ther gains  in  future.  The  New  York  basioeas  has  been  particu- 
larly alTeeted  by  the  general  dulness  in  trade.  The  boats  bare 
been  managed  with  tconomy  and  have  ruu  without  acctdenta, 
aad  tbey  have  received  from  tbo  investment  in  tbe  steamboat 
company  dividends  amonnlinc  to  eight  per  cent  on  the  Invest- 
manl,  which,  as  before  atated,  have  been  ci^ited  to  interest, 

Tbe  following  figures  are  from  the  report  to  the  State  Railroad 
Commissioners  : 


(kpUitalock 


• $8,791,890  00 

- -  -  —      . ...••....«•  «•■•••«.....••...  a.vw^30,  ^o 

BebtUsMlltlM N8»l,7«?  98 

OaaUagisel  lUbllltlea  u  (uaraaiur 195,008  00 

Bipaaaas  for  conttrariion  Ittl\8n  81 

Avwate  cost  of  coaairucUaa  per  mile,  aUate 

track  S9,<'-lt  m 

Ccai  of  r^alpSMat .   1.1*9,71% 

Tout  pnasrty  and  aasata  of  Ike  coBipaajr 18,(89,149 

Ils9  a<(ltisa  te  pceply  aceoant  for  lbs  yesr. . .  MtlU 

■iiilHMiiiiMiri i.«89,4i9ao 

^is^lp^^  tralsfct  dapirtwi. T4|,4T9  <t 

Total  eanilBfa  Mtt.»l 


i 


aOsefraad. 


Karelagi  par 

ToUl  IneesM 

Op^ratlag  axpeassi 

Op«raiiag«»piaiiapaTaille!"l^l.^^I„"....,.^I      '    V**  98 
fw  esat  of  ezpeosea  lo  laesms 81,9 


8;99l  n 
9.998,198  97 
l,U8.74t  M 


r  ezpeosea  i 
BM  avar  oneratlag  i 
Ifarlatwaat  ...,*. 
'    da  declared. 


•nun  IT 
99tJI99M 

4t7,«(SM 

nt,v>(  » 

4  989.790 
81,485,580 

l'i.-!Tl,tSl 
094 
Ml 


18M. 

$Mn.aw«> 

4,4(«,880S0 

193.000  00 
1.844,4(0  7S 

84.190  01 

1.174.798  19 

19,7W,«74  18 

nt,019  n 

1,979,499  14 

798J8S  » 

MM.084  (8 

8,Tn» 

8,498,(77  98 

1.888,18}  74 

8,189  88 

C7.45 

$»8,41l  89 

981418  >T 

40a,n9  90 

890  !M  OS 

4,978,818 

8S.818>8(8 

8((,1ST 

M,8Be,81« 


fralgki 
■Usage. 

.J  lata  for  all  iiawaasi 

Avsracv  ma  fial|ht  p<tf  loa Ml  .041 

Now  York  n*  New  Eaglaad  (Boston  Martford  *  Erie). 

(For  th*  gear  ending  tiept.  80,  lti75. ) 
Cram  the  retoms  made  to  the  Maaaaehusetts  Stale  Railroad 
Csomlasioaars,  we  take  the  following  figures : 


Aalhorlaad  capital  •lock. 
OaMltabUlili 


foe 


asgaaiaator.. 


WIS. 
180 
984.18^08 


Oast  of  aoaipmaBt. 

Wsl  addlUea  lo  pr^erty  aceaanl  for  the  ya 
"""^" far  OepartaMol 

ijonjf^ipf..^        ........... 


TMal 


psrmllaof  road. 


Opusilag  cxpeoK*  |>rr  mile  of  road. 

Fir  CCBI  of  ezpeii.e«  lo  Income 

IWdalharcorparalloaaaarcBl — .. 

~""naov>r  oparallag  avjiMitaa 

fnrlatarasi 


fgf*^-- 


eairlad.. 

■illaMa... 
otrM 


(8I.W6  41 

91,584  18 

969.850(0 

489.1114  99 
447,991  47 
910,  m  (0 

(.MRUS 
015.880  18 
79«.8i0  II 

5,515  98 
8(-70 

t  19,159  18 
37,100  88 
88,187  74 
30,47(44 
l.7(8.7M 
U,(07.m 
844  008 
(,(04,8(0 


Irelgkt 

fVelirlil  mileage 

Avcfsg*  rale  pasaoagcr  fare. .. . 

Avwag*  rale  ror  all  paaaongars .OK 

Avarage  rata  frolcht  par  too .944 

— The  preceding  reporta  of  eompanlaa  In  Maasachusetta  have 
bssa  taken  mostly  from  returns  in  tbe  Boston  Adfiertiter,  which 
baa  givsa  eztsaded  extracts  from  tbe  reports  of  the  Slate  Com- 

lasfoners. 


634 


THE   CHRONICLE 


[December  A,  1875. 


GENERAL  INVESTMENT  NEWS. 

Alabama  State  Fliiauces. — The  CommistiionerB  appointed  to 
adjust  and  liquidate  the  debt  of  the  State  of  Alabama  have 
adopted  a  plan,  which  ihey  have  submitted  by  ciroular  to  the 
creditors  of  the  State,  inviting  an  early  response.  It  appears 
that  their  propopition  applies  to  the  direct  State  debt  on'y,  and 
no  arratjjreraent  is  proposed  for  the  endorgej  bonds.  The  follow- 
ing are  extracts : 

••We  propose  that  the  State  of  Alabama  i8.«ue  new  bonds  having 
thirty  years  to  run,  principal  and  interest  payable  in  the  City  of 
New  York  in  lawful  money  of  the  United  States  bearing  interest, 
payable  semi-annually,  as  follows:  From  lat  July,  1876,  to  Ist  July. 
1881,  at  the  rate  of  two  per  cent  per  annum  ;  for  five  years  from 
1st  July,  1831,  three  per  cent;  for  the  next  ten  years,  four  per 
cent ;  and  for  the  remaining  ten  years,  five  per  cent  per  annum- 
said  bonds  to  be  renewable  at  the  pleasure  of  the  State  at  five  per 
cent  per  annum. 

"These  new  bonds  will  be  given  in  exchange  for  the  face  of  the 
bonds  now  outsanoing,  issued  and  sold  in  accordance  with  the 
provisions  of  the  various  acts  hereinbefore  recited,  upon  condition 
that  a'l  p»st  due  coupons  and  such  as  will  mature  on  or  before 
the  let  day  of  July,  1876.  are  to  be  surrendered  to  the  State  with 
the  bond  to  which  they  belong,  without  being  computed  as  part 
of  the  amount  to  be  exchanged  for  new  bonds.  All  coupons, 
both  past  due  and  to  mature,  must  be  surrendered. 

"  In  f  xclianging  the  proposed  rew  issue  of  bonds  for  those  out- 
standing all  past  due  coupons  upon  the  newbonds  will  be  detached 
at  the  time  of  the  exchange. 

"Under  the  scheme  of  adjustment  which  we  propose,  there  is  a 
necessity  for  commendn?  at  a  low  rate  of  interest.  There  are 
now  ill  circulation  11,000,000  of  State  obligations,  made  by  law 
receivable  iu  payment  of  taxes  and  all  other  public  dues.  These 
obligations  must  be  retired  before  the  State  cin  pay  more  than 
two  per  cent  per  annum  on  the  new  bonds.  They  are  the  cur- 
rency received  and  paid  out  by  the  State,  but  we  hope,  l)y  adopting 
a  low  rate  of  interest,  ai  we  propose,  and  by  an  honest  and  eco- 
nomical administration  of  the  State  Government,  the  obligations 
can  b«  retired  by  the  lat  July,  1881. 

"Under  the  salutary  reforms  provided  in  the  new  constitution, 
the  General  Assembly  can  create  no  new  debt  beyond  a  temporary 
loan  of  $100,000,  and  we  are  confident  the  amount  required  to 
defray  tbe  ordinary  expenses  of  the  State  wUl  be  materially 
diminished.  We  think,  therefore,  that  the  State  may  safely 
promise  to  pay  three  per  cent  per  annum  for  five  years  after  1st 
July,  1881.  By  that  time  the  probable  enhanced  value  of  prop- 
erty, under  anticipated  recuperation,  will  justify  a  further  increase 
of  one  per  cent.,  making  the  rate  four  per  cent  per  anrum  ;  and  as 
the  tendency  in  Europe  as  well  as  in  America  is  to  lower  rates  of 
interest,  a  good  security  l)earing  four  per  cent  interest  will  approx- 
imate pur  in  both  countries. 

"On  the  1st  day  of  July,  1896,  the  ne'r  bonds  of  the  State  will 
commence  to  bear  five  per  cent,  per  annum,  and  they  will  then  be 
equal  in  actual  value  to  the  bonds  ot  Massachusetts,  or  any  other 
State  ot  the  Uninn  bearing  the  same  rate  of  interest,  and  like  the 
bonds  of  Massachusetts  ought  to  command  a  premium. 

"The  commissioners  will  recommend  to  the  General  Assembly 
no  plan  of  adjustment  which  they  have  reason  to  believe  will 
sujject  the  State  to  default  in  the  payment  of  interest  on  the  new 
bonds  ;  and  after  carefully  investigating  the  resources  and  liabili- 
ties of  the  State,  we  are  satistied  it  would  be  unwise  and  unsafe 
to  promise  more  than  is  embraced  in  our  proposition  as  herein 
stated.  Were  we  to  do  so,  the  State,  as  well  as  the  creditors, 
would  most  prolaably  be  injured  thereby." 

Chesapeake  and  Ohio  Railroad.— The  case  of  this  Com- 
pany came  up  before  Judges  Bond  and  Hughes  of  the  United 
States  Circuit  Court  at  Richmond  Nov.  23.  Hon.  Wm.  M.  Evarts 
of  New  York,  counsel  for  tlie  Chesapeake  and  Ohio  Railroad, 
made  a  motion  for  the  dismissal  of  the  proceedings,  appointin;;  a 
receiver  for  the  road,  and  looking  to  an  early  sale  of  the  same. 
He  contended  that  jurisdiction  iu  the  matter  belonged  to  the 
State  and  not  to  the  Federal  Courts.  Judge  Shipman  of  New 
York,  counsel  for  the  plaintifis,  ttaied  that  after  examining 
authorities  he  was  satisfied  that  this  Court  had  no  jurisdiction. 
Judge  Bond,  after  stating  that  the  Court  was  not  ready  to  hear 
the  motion,  by  request  ot  counsel  fixed  the  30th  of  December  as 
the  time  and  Alexandria  as  the  place  for  the  next  hearing  of  the 
case.  As  counsel  for  both  sides  were  agreed,  it  was  supposed  the 
case  would  have  been  dismissed  iiumediately. 

Chicago  &  111.  EiTSr.— A  Chicago  dispatch  says  that  a  peti- 
tion iu  bankruptcy  was  filed  by  the  Secretary  of  this  Comnany 

Dec  1. 

Cincinnati  City  Bonds.— Bids  for  the  purchase  of  $350,000 
Water-works  bonds  were  recently  opened,  and  ranged  from  104  to 
lO^.TiS  on  the  ten,  fifteen  and  twenty  year  bonds.  Netter  &  Co., 
ol  New  York,  bid  for  the  whole  amount  at  105.14  and  interest, 
or  ■*1,051  40  for  each  $1,000  bond  and  accrued  interest,  and  re- 
ceived the  award. 

Columbns  Chicago  &  Indiana  Central.— The  circular  signed 
by  Me.isrs.  A.  Iselin,  Wm.  Whitewright  and  Richard  f.  Wilson, 
after  referring  to  the  lapse  of  agreement  of  Feb.  33, 1875,  says: 

The  undersigned.feelingthat  tlie  interests  ihey  represent  would 
be  gieally  imperilled,  if  a  portion  at  least  of  the  bondholders  did 
not  organize  to  act  in  concert,  have  withdrawn  their  subscriptions 
to  the  agreement  of  Feb.  23d,  and  liave  had  a  new  one  drawn  up 
by  Messrs.  Evarts,  Souihmayd  &  Choate,  which  has  already  been 
subscribed  to  by  the  requisite  number  to  make  it  binding. 

It  differs  in  the  following  particulars  from  the  former  one  : 

Ist.  Five  days'  notice  to  be  given  for  meetings,instead,'of  twenty. 

2d.  Bonds  must  be  depo.sited  Immediatelv,  instead  of  forty  days 
after  signing. 


3d.  The  committee  is  composed  of  threemembers,  instead  of  five, 
and  is  permantnt  until  one-half  ot  the  outstanding  bonds  has 
been  subscribed  for.  An  election  will  then  take  place  for  a  com- 
mittee, which  at  the  option  of  the  bondholders  may  be  ii:crea8ed 
to  five. 

4th.  The  agreement  to  be  binding  when  three  million  dollars  ot 
bonds  have  been  subscribed  for,  instead  of  $5,214  000. 

Ctli.  In  ca'ie  of  foreclosure,  the  coiimittee,  instead  of  having 
the  power  to  call  for  a  payment  ot  30  per  cent  on  the  deposited 
bonds  to  pay  the  cash  portion  of  the  purchase  price,  must  consult 
the  subscribing  bondholders  as  to  the  price  to  be  paid  for  the 
toad,  and  as  to  tlie  mears  to  provide  for  the  cash  portion  ot  the 
purchase  price  ;  and  no  bondholder,  by  merely  signing  the  present 
agreement  ana  depositing  his  bonds  under  it,  subjects  himself  or 
his  bonds  to  liability  to  contribute  for  buying  in  the  road. 

0th.  A  clause  has  been  added,  empowering  the  committee  to 
pledge  the  bonds  for  the  purpose  of  buying  the  coupons  of  the 
prior  mortgages.  Tlie  holders  of  these  are  threatening  to  cim- 
mence  foreclosure  pr;ceedings,  which;  if  successluUy  carried  ou% 
would  destroy  th'i  value  ot  the  consolidated  bonds,  and  it  is  to 
prevent  the  posaiblliiy  of  this  ocouring  that  this  clause  has  been 
inserted. 

The  agreement  can'  be  signed  at  the  Union  Trust  Company, 
simultaneously  with  the  deposit  of  the  bonds  and  the  payment  of 
live  dollars  on  each  bond. 

It  is  understood  that  the  gentlemen  above  named  will  shortly 
have  some  additional  communication  to  make  to  first  mortgage 
bondholders,  timcbiug  further  proceedings  in  the  matter,  and 
pos.iibly  in  regard  to  the  attitude  of  the  Pennsylvania  Railroad 
and  its  proposal  for  settlement,  if  any.  The  agreement  as  now 
proposed  seems  to  us  much  more  practicable  than  the  former  one  ; 
the  gentlemen  issuing  the  above  circular  are  parties  of  exceplion- 
al'y  high  standing,  and  the  amount  to  be  deposited  with  each  bond 
($5)  is  small  enough  for  the  purpose  required. 

Connecticnt  Valley  Railroad. — The  ExBcu.tive  Committee  ot 
the  Connecticut  Valley  Railroad  Company  have  mide  a  lease  of 
the  new  Connecticut  Central  Road,  at  an  annual  rental  of  $35,000. 
This  includes  that  part  of  the  road  in  Connecticut  extending  from 
East  Hartford  to  the  Massachusetts  State  line,  a  distance  ot  31 
miles.  The  remaiQiutr  seven  miles  to  Springfield  is  under  nego- 
tiation. The  nt)W  road  will  be  opened  to  travel  about  the  midole 
of  December,  and  will  give  to  the  Valley  Road  79  miles  from 
tide- water  at  Saybrook  to  Springfield,  where  tliere  are  important 
connections  opening  up  large  freighting  facilities. 

Eastern. — Several  small  notes  of  the  company  went  to  protest 
in  Boston,  on  November  17,  the  Tr.-asurer  stating  that  he  had  no 
funds  to  pay  with. 

Flint  &  Pere  Marquette.— We  understand  the  coupons  on  the 
land  grant  10  per  cent  bonds  of  'he  Flint  &  Pere  Marquette  Rail- 
road Company,  issued  for  the  Flint  &  Holly  Railroad  purchase, are 
now  being  paid. — New  Bedford  Standard. 

Grand  Rapidii  &  Indiana  Railroad.— The  following  were  the 

sales  of  land  for  Septemberand  for  nine  tuou:hs  of  t!io  year  : 
1875. 

Land  Giant $-J(;,77fi  88 

Lands  in  Common 1,307  00 


Total  for  montli f 27,983  88 

Total  for  nine  montlis.  ...  $tJ2,li9!  42 

Total  of  Lmd  Grunt  since  May,  IRiifl $1,618,815  07 

Total  of  Lands  in  Cdmraoii  since  July,  1871 :i!5,7H7  84 


1874. 
*10,8:)1  30 
l,!i80  00 

$11,651  30 
S82,sn  41 


Tncrcise.    Decreaec- 
$16,415  38  *.   .. 
113  00 


$:6,mi  58 
$59,875  0! 


Total  sales  fci nee  M'ly,  1869 tl,931,.'i8!  91 

Houston  City  (Texas)  Bonds. — .4.  statement  recently  made  in 
the  Chronicle  conc-rning  H  m-<tou  bonds,  and  which  was 
based  upon  an  item  in  another  journal,  wa-i  in  some  respects 
inaccurate.  We  take  the  lollowing  from  the  Houston  Telegraph 
of  November  27 : 

REPORTS  OK   SPECIAL  COMMITTEES. 

Alderman   Thomas,   from   special   cimmittee   to     whom    was 
referred  a  resolution  relative  to  the  city  debt,  made   a  verbal 
report  and  submitted  the  following  ordinance,  which  was  passed 
under  a  suspension  of  the  rules  : 
An  Ordinance  repealing  an  ordinal. ce  enfiiled  "An  Ordinance  to  provide 

for  the  Consolidating  and  Funding^of  the  Bonded  ladebtednejs  of  the  City 

of  Houston,"  passed  OctobvM-  29, 18".j. 

Be  it  ordained  by  tfie  Mayor  and  Aldermen  of  the  City  of  Bomton: 

(jec.  1.  That,  the  above  entiiied  ordinance  be  aad  the  same  is  hereby 
repealed. 

Sec.  2.  That  this  ordinance  talte  i  ffi^ct  and  be  in  force  from  and  after  its 
passage. 

The  following  ;>reamble  and  resolution  were  read,  as  being  a 
portion  of  the  report  of  the  same  committee,  and  were  unani- 
mously adopted : 

Whei-eas,  There  exists  a  difl'erence  of  opinion  between  the  city  of  Houston 
and  the  bondholders,  in  relation  to  a  proper  and  equitable  rate  of  interest  to 
lie  allowed  on  a  consolidation  of  the  city  bonds;  and  whereas,  the  city  of 
Houston  in  a  spirit  of  compromise  and  fairness  are  desirous  of  adjusting  the 
indebtedness  of  the  city  on  u  fair  and  honorable  basis,  such  as  will  in  the 
future  enable  the  city  to  promptly  meet  the  interest  at  maturity,  and  at  the 
same  time  provide  a  siulving  fund  for  the  u'timate  redeuipt  on  of  said  bonds  ; 
ihercfore, 

7?f«o/t;«(i,  That  a  proposition  is  hereby  made  to  the  Uondholdcrs  of  the  city 
of  Houston.  throuKh  the  .Mayor  and  Aldermen  in  Council  assembled,  to  adjust 
and  settle  the  boiided  debt  of  the  city,by  executing'  and  delivering  in  exchange 
tor  the  bonds  now  held  by  them,  consolidated  fundini;  bonds  bearing  six  per 
cent  interest,  including  the  past  July  and  accruing  January  and  July  (1876; 
interest,  the  details  to  l)e  hereafter  arranged  between  the  bondholders  and  the 
city  of  Houston,  or  their  properly  accredited  agents. 

J.  C.  TnoMAS,  for  Committee. 
The  ordinance  above  ref.  rred  to  and  repe.sled  was  that  ofTaring 
the  bondholders  a  5  per  c.^nt  bond  in  lieu  o'  those  now  held  by 
them.  We  understand  that  the  financial  agent  ot  tiie  city,  Mr.  i. 
C.  Chew,  29  Broadway,  this  city,  has  secured  tlio  acquiescence  of 
a  large  msjority  of  the  bondholders  in  favor  of  the  proposition  of 
the  City  of  Houston  for  refunding  the  outstanding  bonds  into 
unifprm  rate  of  interest  bonds  bearing  6  per  cent,,  and  the  proba- 


December  4, 1876J 


THE   CHEONICLE. 


585 


liUtiM  now    ax8  th»t  a  wttleniant  will  be  m»d«  »t  once  on  th»t 
bwi*. 

Little  Bock  Pine  BlulT  k  New  Orleuu — Thii  roid  aod 
the  MiaaiMippi  Ouachita  &  Red  River  road  are  to  be  eold  la  Lit 
lie  Rock.  Ark.,  Dec.  16.  under  foreclosure  o(  mortgage.  The  two 
r  ad»  were  eoneolidated  gome  time  atco  under  the  name  of  Teiaa 
Mi.<«iMippi  <t  Northweatem,  but  the  foreelotnre  ia  made  under 
Ike  original  and  separate  mortgage*.  A  meeting  of  bondho'ders 
was  to  be  held  in  Boston,  where  the  bonds  are  mainly  owned, 
this  week. 

Loni8iMU  SUt«  BttMdB.— In  the  snit  of  the  New  Tork  In- 
di-mni-f  Company,  to  compel  the  Louisiana  Stale  Board  of  Liqui- 
dation to  fond  bonds  issutxl  by  the  State,  Jor  the  work  of  con- 
Mrncting  Ibe  Mexican  Gulf  Ship  Canal,  between  the  Mineiiwippi 
Hirer  and  Lake  Borgne.  and  held  by  plsintiffii,  Judce  Hawkins 
has  appointed  a^  experts  Meaars.  Daniel  Webster,  Edwsrd  H«tli 
and  B.  H.  Wo<J,  to  measure  the  canal  and  the  wora  done,  with 
directions  to  reiwrt  to  ihe  court  witbto  trn  dayn'  lime. 

New  OrlMins  Mobile  Jk  TexM.— Mr.  F.  aJ.  Amea.  Trustee, 
who  bought  this  road  for  $t50,Ot.O,  iseued  a  circular  recently  to 
boajholders,  in  which  he  sars  that  tho  lormer  plan  of  re-orgamsa- 
tion  baa  not  been  fanctioDe<i  by  them,  and  he  now  propose*  to 
eloae  his  Trusteeship  and  pam  the  road  OTer  to  bondholders  at  the 
price  paid  for  it.  with  an  additional  sum  of  about  fM.OCO  for 
ebargea  on  the  prooerty,  uxea,  etc  He  oonelndea  as  follows  : 
"  I  bare  eansed  to  be  prepared  articles  ol  aaaociation  aimilar  to 
tboae  adopted  in  1873  by  a  largo  uumber  of  the  boodboldern,  for 
the  formation  of  the  New  Orleans  k  Texaa  Railroad  Company. 
These  articlea  are  relieved  from  the  elauaea  which  provided  for 
.Slate  aid.  and  (or  a  anion  with  the  holdera  of  the  leeond  mort- 
gage bonds  on  the  Mobile  dlvlaion.  The  articlea  make  nu  pro- 
vision for  future  operations  ;  they  »implv  create  an  organiZ'?i1 
romf'any  which  ran  contract  with  me.  When  a  subscription  of 
•even  twelfth* of  the  bonda  ia  made.  I  skall  f<el  at  liberty  to  deal 
with  lb*  subecrlbera  tor  a  sale  of  the  property  on  the  terms  iodi 
ested.  Tbis  plan  baa  the  approval  of  the  advirory  eommlttfr-, 
eb<am  by  yon  Deearaber  23J,  1874.  Your  Mbaeriptloa  (payable 
in  boada)  and  eaah  %•>  defray  the  before  Baatiened  cbar,(cs,  say 
$7  per  bond  for  bonds  dated  January  1st.  1873,  and  418  for  bonds 
of  March  IStb.  1870.  Is  rt<iut-aied." 

Pafrile  of  MlMMiri.— At  a  me«)ng  of  the  Miaaoari  PaclBc 
Btoekholdon,  nbont  tw.>  werks  ago.  resolutions  wpre  sdopted 
rlagtumjlBs  iKo  ranlfnsilun  of  the  prearnt  directors.  Thrsa  reso 
latiow  elicited  n  reply  denying  all  ebargea  of  fraud,  Mglect.  or 
IneoapoMaey  :  claiming  that  the  indebtedness  Incurred  was  for 
the  nreeervation  of  the  rasd.  and  that  to  resign  under  charges 
would  be  a  virtual  admiasioo  ol  the  truth  ot  the  charges  against 
them.  To  this  letter  Iba  eocnmkttee  o(  stockbolders  have  replied, 
and  say  I  bat  thrv  simply  remind  Mr.  Hayan  nmd  bla  aaaociatea 
that  ttey  are  their  agent*,  and  acting  aa  manageta  of  tbdr 
property.  Tbey  say  tlt*t  they  are  informrd  that  the  iolsrrst  of 
Mr.  Hayes  and  'be  Dlrrctors  as  sbarpholders  In  tbrlr  pr«>perly,  on 
November  9, 1873,  aa  shown  by  the  book*  of  tbe  company,  waa 
only  900  •harra,  worth  at  tbe  prseenl  market  price  $3,717.  When 
the  Boafd  ol  Diroelors  took  tke  naaaganeat  of  Ike  property  of 
the  eharekotdon  it  waa  mertgagad  aa  loTlowa: 

rtttfnrttagists  per  seat  «eU K-MO-'M 

Bseoad  SMrtfMS  sees*  paresat.  laiitj •,<4i.  co 

Dae  Oaauty  ef  W.  Loa's '.... iw.nao 


TMai •' 

Tko  sortgaga  apon  tk*  property  la  elaloted  by  tbe  Dlrr- 
have  bara  laereasad  aa  iolloar* : 

Ba>l  sstale  ■onsaae .  ..u...-....***  •••••»•  tWtxm 

Plr*l  Bsttavs  «a  Csraadalat  Btaaeb WtMi 

Tkird  asedgiM ^ _ „.._..«.•?.«»• 

Mlaeiri  ffdlc 


E  vseyasHsaefAttsadc  *  fastt*  Btalp 


Total. 


Tkia  laeieaaa,  tbe  cotamlttaa  ray,  the  direeteta  claim  to  have 
been  faltbrnlly  osed  in  improvements  npoo  the  property, and  tliry 
aak  wby  tbe  direetora  ar«  ao  reluctant  to  allow  the  stockboKlns 
to  laapael  aad  andtt  tbe  anoaata.  Tbey  reapeeUully  leqaeet  that 
be  will  aall  a  preoar  aad  local  laasHtm  o(  tha  alkareltoMers  at  the 
laiHaal  pnoll  aiifn  day,  aa«  that  ka  will  direct  tbe  trana'er  book 
tobaapaaed  In  Ni-w  York  for  transfer  for  tvn  dav«,  aad  thon 
eloacd  rar  at  least  ten  days  (efore  the  day  of  tbe  meeting,  In  order 
that  the  wish<s  ot  tbe  real  owners  ot  tbe  property  may  bo  known. 

Tbey  also  re(|urat  that,  until  tbe  meeting  ol  stockholders,  the 
dlreetore  sbali  abataia  frooi  doing  anythlag  aa  direoiora,  except 
to  operate  the  railroad.  II  they  sbontd  gat  poaaeasion  ol  it. 

— Ia  8i.  IxKiU  Nov.  30.  the  Otcb»-Dtm*er*t  aays  that  F.  J.  Bow 
naa,  Esq.,  In  behalf  of  CowHrey  and  others,  lied  a  bill  for  the 
parpoae  of  sattiag  avide  the  $4,000,000  of  the  alleged  fraudulrnt 
Mada,  caliod  Aa  third  mortgage  bonda.  recently  Isaued  by  the 
Pael6«  BallftMd  Ceoipioy,  and  praying  for  aa  Injunction  aeaiost 
tbe  (arih'-r  negotiation  of  tbaae  boa^  ;  als<?.  that  tbe  Missouri 
Paeilo  Boa/1  tw  releas»l  tfim  tha  eaatody  of  the  three  rroalvers, 
•ad  a  apedal  receiver  appnialed  for  that  road. 

PWIU  A  Boek  IslAad. — The  Bovver  reporta  tbe  actual 
aaralaga  aad  aipanaia  ot  tbe  road  for  October  aa  follow* : 

PnNB  f r^gk& • . • .  ..a....     .•■.•••■•,•.......•..■.■....■.#.....«.■•  a^^f  ^ 

t,WT  « 


MW  n  psrmM*). 

flaiMperr — 


'MoDl... 


at ■'••••••aovaaaaaa 


•  *•**•*••*  aaoi 


Wstalag  

X.lawalBasamMpsrBdla).  tl^ns  tl 

The  aataarBteiis  show  ao  ioer-ase  of  $10jBM  85,  or  SSO.S  per 
caal  trvsT  Iba  moath  of  October,  1874. 

SMtk  Carolina  StetO  Www.  Oevemor  Chamberlain,  of 
Soatk  CaroUaa,  la  bia  Mcaaago  to  the  Locialaturo  ol  the  State, 
•aya:  »MaM  Wowber  1, 1874,  t^WCW  Wof  tbe  bond*  aad 


stock  authorised  by  tbe  Consolidation  act  of  D<>cember  23,  1373. 
have  l>een  issued.  The  entire  amount  of  this  class  of  our  public 
securities  issued  up  to  that  date  is  $3,618,290  83.  About  seveo- 
teniha  of  all  the  bonJs  and  stock  made  exchangHsble  under  that 
•et  have  thus  been  exebanKed.  The  great  disaster  of  the  failure 
of  tbe  South  Carolina  Bank  and  Trust  Company  has  been  most 
severely  (elt  in  ita  ioBuence  on  tbi?  great  public  interest.  It  gave 
a  shock  to  the  (rrowing  cooRdence  in  tUe  good  Taith  of  the  State 
toward  the  public  creditors,  depressing  the  market  value  of  the 
pablic  secarilies,  and  rheckioir  for  a  time  the  process  of  exchange. 
Staee  the  1st  of  Julr,  1875,  about  $530,000  of  consolidation  boudg 
and  stock  h^ve  been  issued,  the  coupons  of  which,  from  July  1. 
1874,  remain  unpaid.  I  n-comnieod  that  a  lax  be  included,  in  the 
annual  levy  now  to  be  made,  for  the  deGciencipa  of  tbe  last  fiscal 
year,  to  p  r  this  amount  of  oatftandiog  interest,  amounting  to 
$80,000.  What  is  conveniently  terinei  the  floating  indebt- 
edness o(  tha  Sute  presents  a  siibj-M:t  of  ereat  difficulty, 
bnt  one  which  presses  for  decision.  Under  this  hxad  is  included 
all  tbe  virions  evilencee  of  inleblednois  and  claims  against  the 
Slate  whicU  have  arisen  between  1868  and  lS7't.  Two  reasons 
indaoe  me  to  favor  a  settlument  of  this  part  of  our  debt,  if  a 
roMonable  scheme  can  be  adopted:  Firs', jti.stice  to  the  many 
holders  of  then?  claims  who  have  givnn  the  State  valuable  con- 
*ideraiion  therefor  in  money,  merchandise,  or  labor  and  services  ; 
**eood,  the  removal  from  our  current  legislation  of  a  disturbing 
aad  most  unfavorable  influence.  I  shall  not  dwell  upon  this 
sabjeel  at  ihe  present  time  furiht^r  than  to  say  that  any  aclieme 
u>  comroanJ  my  rupport  must  eiutxidy  thusn  two  provisions : 
F>r*t,  the  proper  audit  ng  of  all  forms  ol  this  indebtedness ;  snd, 
seeond.  the  gmdual  ptyment  of  tbe  deb's  by  sucU  annual  tax  as 
will  not  be  too  burdensome  to  the  people." 

IJaion  P««IBe  lUllroad.— The  gr>'at  suit  of  this  company 
against  tbe  I'nited  States  Uovemoieat  to  recover  back  one-half 
of  tbe  duea  for  transportatioii  of  malls,  troops,  &e.,  was  decided 
by  thr  United  States  Supreme  Court,  Nov.  39,  in  favor  of  the 
ooaspany.  This  decision,  aflirmlcg  that  of  the  Court  of  Claims, 
giTto  tbe  company  a  judgment  for  the  recovery  of  $513,033,  but 
has  a  fsr  more  Important  effect  In  deciding  the  tiuestioo  that  the 
PSdfic  railroads  are  not  bonnd  to  pay  interest  on  the  bonds  issued 
to  them  by  the  government  until  tbe  principal  of  such  bonda 
■atares,  thirty  years  from  their  date.  This  Is  a  decision  of  sur- 
Importance  for  tha  Pacific  railroad  companies,  and  plaoea 
In  a  fsr  strong' r  position  than  they  ever  were  in  before, 
aad  deflnltely  settle*  their  current  obligations  to  the  Qoveroment 
as  being  Utuited  to  tbe  right  of  the  latter  to  reuin  one-half  of  the 
daca  for  transporutlon  and  to  demand  from  the  companies  the  S 
poroentot  their  net  earnings.  Theqaestloo  as  to  what  is  properly 
to  be  eonsidcred  net  eiirninga  U  now  before  tbe  courts  in  tbe  suit 
bmogbt  by  the  Attorney  Ueneral  against  the  Union  Pacific  toi 
laaorer  9  per  cent  of  net  earnings  since  1809,  when  be  claims  tbe 
was  eomplrtod.  The  eompaoy  claims  that  the  road  waa  not 
plsiad  and  soeapted  according  to  tha  provis|bns  o(  the  law 
aotll  October,  1874,  aad  tbis  quaailoa  ot  the  time  will  have  to 
>">  pMaed  upon.    Asaomiag  that  the  nH  tarningt  will  be  decided 

'  bo  the  proflu  after  piying  interest  on  tbe  8rst  mortgage  bonds, 
and  that  tbe  whole  net  eamloirs  in  1879  will  be  $7,000,000,  then, 
altar  deducting,  asy.  $1J8K,000  lor  interest  on  first  mortgage 
bonds,  there  wonld  remain  $9,189/100  as  the  sum  on  which  tbe 
eoB|iaoy  should  pay—and  9  per  cent  ol  this  would  be  $3.56,790. 
The  report  of  the  Uoveroment  directom  to  Junu  30, 1875,  mada 
tbe  total  transportation  for  the  year  on  United  States  account 
$881,010.  of  which  one  half  would  be  $440305,  and  this  sum 
added  to  that  alMva  would  make  tha  current  annual  amount  due 
fnm  tb*  mmpaay  to  tbe  Ooverameat  $897,999,  so  It  wlil  be  seen 
that  a  partia!  retam  ia  made  for  tbe  payment  of  interest  on  the 
•■beldy  bond*. 

Tha  dedaion  Is  coactoslvs  and  aatisfaclory  In  this  respect— Iba 
U  was  made  by  aa  unanimous  C^art,  and  based,  as  the  opinion 
balaw  ladleatee,  upon  tha  wording  and  Ictaollon  of  the  Acta  of 
0^«M;.^ad  the  Court  decided  against  the  Union  Pacific  Com- 
paay  on  tbe  grounds  that  tome  of  its  early  directors  perpetrated 
tbe  Crnllt  Mobllier  frauds,  or  on  the  ground  that  Its  stock  in  now 
eoottolird  by  specnlalive  parties,  thla  decision  would  certainly 
bat*  eaUbllvbed  a  precedent  most  dangerous  to  the  rights  of 
■loeH  or  bondholders  in  corporations.  And  yet  there  are  persons 
among  buslnesa  men,  too,  who  seem  to  be  so  destitute  of  the 
prtadplee  of  law  or  logic,  a*  to  think  that  a  Court  hits  the  right 
to  decide  any  ease  aceordiog  to  what  seems,  upon  the  whole,  to 
ba  best,  without  regard  lo  settled  decisions,  or  to  tbe  words  of  a 
atatnte  opon  which  the  entire  suit  msy  be  based 

Fro-n   tbe   opinion   delivered   by   Asaoclate   Justice    Davis  we 
aitrsct  ih«  following  ss  reported  in  the  Tribune  : 

Tbl*  !•  an  •ppwl  from  tbj  Court  of  CUIsu.    " 
Osapanr.  concMlInf  the  nitii  of  ihi 
l—iismlliis  4aa  it  f»r  the  ir«n>i' 
imilTlii,  sad  to  sMiy  lb«  mrio  i» 
by  ft  ea  the  koada  beasd  la  lit*  co.  ^ 

iBilrosd  aad  telearapH  lln-.  sesks  lo  e.ubli.U  '  >  ih  •  »u,i  —''^i' 
MlUiT.    Tbs  UalMd  Sistas,  on  lh«  other  hand,  havlnic  paid  <nlcr> 
baodslaaaasasof  tbssameradlisdtoibsOoinpuij  for  servlcaa  t- 
II,  Insists  oo  tu  rlgbt  to  wltkboM  payawDt  allogathrr. 


Tho  t'nion  Puclflc  nailroad 

OoTi-tiini'-iil    lo   H'Uln   nnr  tiilf  of  tlio 

<     J  rTKHnn 

-I  psltl 

i    of  .1 


536 


Tifffc  CHUONICLE 


[Decemtdr  4,  1876. 


THE  iNTnrriON  or  the  act  of  ctonoress. 
Tbeac  conditions  are  embodied  In  the  If  plslatlon  of  Congress  on  the  flnbjcct. 
and,  if  OD  a  fair  interpretation  of  this  legislation,  Iho  corporation  Is  found  to 
be  now  debtor  to  the  United  States,  the  deduction  of  interest  paid  on  bouds 
can  bo  lawfullymade.  But  if  the  converse  nropos  tlon  Is  ascertained  to  be  true, 
the  Qoveinment  cannot  rizhtfully  withhold  from  the  corporation  halt  of  its 
earnings.  In  construing  an  act  of  Congress,  we  are  not  at  liberty  to  recur  to 
the  views  of  IndWiilual  members  in  debate,  nor  the  consideration  of  tlia 
moli'es  which  influenced  them  to  vote  for  or  acriinst  Its  passas;e.  The  act 
Itself  speaks  the  will  of  Congress,  and  this  is  to  be  ascertained  from  the  lan- 
iniage  used.  But  courts  may,  with  propriety.  In  construing  a  statute,  reenr  to 
thelncidentH  of  the  time  when  it  was  passed,  and  this  is  ffe<inently  necessary, 
in  order  to  ascertain  the  reason  aa  well  as  the  meaning  of  particular  provisions 
in  it.  Many  of  the  provisions  in  the  original  Act  of  186i  are  outside  of  the 
usual  course  of  leijislative  action  concerning  grants  to  railroads,  and  cannot 
properly  be  construed  without  reference  to  the  circumstances  which  sur- 
rounded COE^rese  when  the  act  was  passed. 


The  phrase  "  To  pay  bonds  at  maturity"  does  not  bear  the  sense  sought  to 
be  attributed  to  It,  out  applies  obviously  to  the  obligation  to  pay  both  prlucl- 

fal  and  interest,  when  the  bonds  become  due.  It  does  not  mean  to  pay  the 
nterest  as  It  accrue;',  and  the  priuciiwl  when  it  is  due.  It  Is  one  thing  to  be 
required  to  pay  principal  and  interest,  when  the  bonds  reach  maturity,  and  a 
wholly  ditTcrent  thing  to  ne  retiuircd  to  pay  inteicst  every  six  mouths,  and  the 
principal  at  the  end  of  SO  years.  The  obligations  arc  so  diirerent  that  they  can- 
not both  grow  out  of  the  word  employed,  and  it  U  necessary  to  superadd  others. 
In  order  to  extend  the  condition  so  as  to  include  the  payment  of  semiannual 
Interest  as  it  falls  due.  Neither  in  principal  nor  form  is  such  a  plain  departure 
frora  the  express  letter  of  the  statute  warranted,  and  especial  y  when  such  a 
construction  leads  to  so  great  an  extension  of  the  condition  as  to  defeat  the 
grant.  The  failure  of  the  company  to  perforin  the  condition  is  declared  a  case 
of  forfeiture  of  i>roperty ;  and  if  the  naturtl  meaning  of  the  words  Is  rejected. 


the  property  of  the  corporntion  Is  subject  to  forfeliufo  on  every  occasion  when 
six  mouths' interest  falls  <'  "  


IMPORTANT  PDBPOSES  OF   THIS  ROAD. 

Tbe  war  of  the  rebellion  was  In  progress,  and  the  country  had  become  alarmed 
foi  the  safety  of  the  Pacific  States,  owing  to  complications  with  England.  In 
case  these  complications  resnlted  in  open  rupture,  the  loss  of  our  Pacific  pos- 
tessiont  was  feared.  But  even  if  this  fear  was  groundless,  It  was  quite  apparent 
Ihst  we  were  quite  unable  to  furnish  that  degree  of  protection  to  the  people 
iDhablting  them  which  every  Government  owes  to  its  citizens.      ♦     •     •      * 

The  scheme  of  building  a  railroad  8,000  miles  in  length  over  deserts,  across 
mountains,  and  through  a  country  inhabited  by  Indians  jealous  of  intrusion 
on  their  rights,  was  universally  esteemed  at  the  time  to  be  a  bold  and  hazard- 
ous  undertaking.        »       ♦       »       ♦ 

The  Government  aidtd  the  enterprise  in  order  te  advance  Its  own  interests, 
and  in  order  to  enlist  private  capital  as  a  means  to  the  end  of  securing  the 
constrnciion  of  a  road  which  was  to  be  used  for  Government  purposes.  What- 
ever obligation  therefore  rests  on  the  company  must  depend  on  the  true 
meaning  of  the  enactment  itself,  viewed  In  the  litht  of  cotemporaneous  history. 

OBJECTS  or  THE  ACT  OF  INCORPORATION. 

It  has  been  frequently  observed  by  this  Court,  that  the  title  of  an  act,  especi- 
ally in  Congressional  legislation,  furnishes  little  aid  in  the  construction  of  it, 
because  the  body  of  the  act  In  so  many  cases  has  no  reference  to  the  matter 
specified  in  the  i;rie.  This  Is  true,  and  we  have  no  disposition  to  depart  from 
this  rule ;  but  even  the  original  act  of  1862,  incorporating  tuls  company,  seems 
to  have  been  the  subject  ot  special  consideration  by  Congr„  ss,  and  it  declares 
the  general  purpose  of  the  act  It  is  "  an  act  to  aid  in  the  construction,  of  a 
railroad  and  telegraph  line  from  the  Missouri  Kiver  to  tht;  Pacific  Ocean  and 
to  secure  lo  the  Government  the  use  ol  the  same  for,  postal,  military  and  other 
purposes.*'  That  there  sliould,  however,  be  nodoiibt  of  the  national charact-r 
of  the  work  which  Congress  proposed  to  aid,  the  body  of  the  ac  contains  these 
words:  "And  the  better  to  accomplish  the  object  of  this  act,  namely,  to  pro- 
mote the  public  interest  and  welfare  by  the  construction  of  said  railroad  and 
lelcgrapb  lines,  aud  keeping  the  same  in  working  order,  and  to  secure  to  the 
Government  at  all  times,  but  particularly  in  time  of  war,  the  use  and  benefit  of 
the  same  for  postal,  milltarjr  and  other  purposes.  Congress  may  at  any  time, 
having  duo  regard  for  the  rights  of  said  companies  named  herein,  add  to,  alter, 
amend,  or  repeal  this  act.       «       •       » 

THE  PRECISE  (JDESTION  AT  ISSUE, 

It  is  not  doubled  that  the  Government  is  to  be  reimbursed,  both  principal  and 
Interest,  but  the  precise  question  for  decision  is  whether  the  Company  is  re- 
quired to  pay  the  interest  before  the  maturity  of  the  principal.  The  f  olution  of 
the  question  depends  u|ion  the  meaning  of  the  5th  and  6th  sections  of  the  origin- 
al act  of  ISfiS,  and  of  the  6th  section  of  the  amendatory  act  of  1864.  The  6th  sec- 
tion of  the  original  act  contains  the  undertaking  •f  Government,  and  the  S.h 
defines  the  obligations  of  the  company.  By  the  5th  section  it  is  provided  that, 
on  the  completion  and  equipment  of  40  consecutive  miles  of  said  railro-id  and 
telegraph,  in  accordance  with  the  provisions  of  this  act,  there  ^!:ould  issue  to 
said  company  bonds  of  the  United  States  of  $1,000  each,  payable  in  30  years 
after  dai^e,  bearing  six  per  centum  per  annum  interest,  said  interest  payable 
semi-annually,  and  to  secure  the  payment  to  the  United  States  as  hereinafter 
provided  of  the  amount  of  said  bonds  so  issued  and  delivered  lo  said  company, 
together  with  all  interest  thereon  which  shdl  have  been  iiaid  the  United  States, 
lUe  issue  of  said  bonds  and  delivery  to  the  companv  shall,  iiimfacto,  constitute 
R  first  mortgage  on  the  whole  line  of  the  railroad  arid  telegraph,  together  with 
the  rolling  stock,  fixtures,  and  property  of  every  kind  aud  description;  and 
in  consideration  of  which  said  boiidi.  may  be  Issued,  and  on  the  refusal  or  fail- 
ure of  said  company  to  redeem  said  bonds,  or  any  part  of  them,  when  required 
BO  to  do  by  the  Secretary  of  the  Treasury,  in  accordance  with  the  provisions  of 
the  act,  the  said  road  with  all  the  rights,  functions,  immunities,  and  appurte- 
nances thereunto  belonging,  and  also  all  land  granted  to  the  said  company  by 
the  United  States  which  at  the  time  of  said  default  shall  remain  in  ownership 
of  said  company,  may  be  taken  possession  of  by  the  Secretary  of  the  Treasury 
for  the  United  Slates. 

The  manifest  purpose  of  this  section  is  to  take  a  lien  on  the  property  of  the 
company,  for  the  ultimate  redemption  of  bonds,  principal  and  interest,  hut 
the  way  and  time  are  left  to  further  provision.  That  the  Government  was 
expected,  in  the  first  Instance,  to  pay  t-'e  interest,  is  clear  enough,  for  thu 
;  mortgage  was  taken  to  secure  the  repayment  of  the  bouds,  together  with  all 
interest  thereon  which  shall  have  been  paid  by  the  United  States.  This  phrase 
implies  a  prior  payment  by  the  United  States.  Whatever  may  be  the  duty  of 
the  corporation  in  regard  to  reimbursement,  when  repayment  is  spoken  of,  it 
is  understood  that  something  is  to  be  paid  back.  Apart  from  thai,  had  it  been 
the  Intention  of  Congress  that  the  corporation  itself  should  pay  the  interest  as 
it  fell  due.  the  phraseology  appropriate  lo  such  a  purpose  woird  have  been 
used.  But  when  and  how  the  reimbursement  was  to  be  made,  was  to  be  in 
,  conformity  with  the  terms  prescribed  in  another  portion  of  the  act.  The  latter 
part  of  the  section  provides  for  the  forfeiture  of  the  property  of  the  company, 
in  case  of  a  failure  to  redeem  the  bonds,  according  to  the  plan  of  redemplion 
thus  provided. 

THE  COJfPANT's  THREE   DUTIES. 

The  obligations  Imposed  upon  the  company,  or  assumed  by  it,  in  relation  to 
the  repayment  of  the  bonds,  are  set  lorth  entirely  in  Section  6,  which  on 
account  of  its  importance  is  quoted  at  length  ; 

Sic.  u.  And  be  it  fiirlher  enacted,  That  iSe  grants  aforesaid  are  made  upon 
condition  that  said  company  shall  pay  said  bonds  at  matiirit}',  and  shall  keep 
said  railroad  and  telegraph  line  in  repair  and  use,  and  shall  at  all  times  trtns- 
mlt  dispatches  over  said  telegraph  line,  and  transport  mails,  troops,  munitions 
of  war,  supplies,  and  pnblic  stores  upon  said  railroad  for  the  Government 
whenever  required  to  do  so  by  any  department  thereof,  and  that  the  Govern- 
ment shall  at  all  times  have  the  prefi  rence  in  the  use  of  the  same  for  all  the 
purposes  aforefald,  at  fair  and  reasonable  rates  of  compensation,  not  to  exceed 
the  amounts  paid  by  private  parties  for  the  same  kind  of  service,  and  all  com- 
pensation for  service-!  rendered  lor  the  Government  shall  bo  applied  to  the 
Saymeut  of  said  bonds  and  interest,  until  the  whole  amount  is  fully  paid. 
aid  company  may  also  pay  the  United  States  wholly  or  in  part  in  the  same  or 
other  bouds,  Treasury  notes,  or  other  evidences  of  debt  against  the  United 
States  to  be  allowed  at  par,  aud  after  said  road  is  completed,  until  said  bonds 
and  interest  are  paid,  at  least  5  per  centum  of  net  earnings  of  said  road  shall 
also  be  annually  applied  to  the  payment  i  hereof. 

Leaving  out  of  consideration  the  parts  of  this  section  not  pertinent  to  this 
Inquiry  there  are  three  things,  and  three  only,  which  the  corporation  is  re<|Uired 
to  do,  concerning  the  bonds  in  controversy  : 
First :  To  pay  taid  bonds  at  mat  urlty  ; 

Second:  Tu  allow  the  Government  to  retain  the  compensation  due  to  the 
corporation  for  service  rendered,  and  to  apply  the  same  to  payment  ot  the 
bonds  and  interest;  and 

Third:  To  pay  over  to  the  Government,  after  the  road  has  been  completed. 
five  per  cent  of  the  net  earnings  of  the  road,  to  be  appropriated  t')  the  payment 
of  the  bonds  and  Interest. 

OONSTKUOTION  OF  THE  WORD   "  MATURITY." 

If  we  take  the  language,  used  in  its  natural  and  obvious  sense,  there  can  be 
no  difficulty  iu  arriving  at  the  meaning  of  the  conditi'm  to  pay  said  bonds  at 
maturity.  As  commonly  understood,  the  word  "maturity,  in  lis  application 
TO  bonds  and  cihor  similar  instniments,  ajiolies  to  the  time  fixed  for  payment, 
which  is  the  termination  of  the  time  that  they  have  to  run.    »      *      ♦      *      « 


due  and  is  not  paid. 

THE  ROAD  NOT  BOUND  TO  PAT  INTEREST  AS  IT  PALLS  DUE. 

It  would  require  a  pretty  long  statement  to  declare  the  terms  and  conditions 
assomed  by  this  corporation  when  it  assented  to  the  act.    If  Congress  had 
Intended  to  exact  from  the  company  the  payment  of  Interest  for  those  bonds 
before  the  maturity  of  the  bonds  themselves,  it  would  have  declared   Its  pur- 
pose In  language  about  which  there  could  be  no  misunderstanding.    But  If  the 
words,  "  to  pay  said  bonds  at  maturity"  did  not  give  notice  that  that  exaction 
on  the  part  ot  the  Go\ernraent  was  intended,  neither  did  the  other  provisions 
of  the  sixth  section  do  so.    They  create  no  obligation  on  the  part  ot  tlie  com- 
pany 10  pay  the  interest  as  It  falls  due,  nor  was  It  so  Intended.    The  provision 
that  the  Government  was  to  retain  one-half  the  amount  due  the  company   for 
ser\  Ices  rendered  by  the  company,  and  to  apply  the  amount  towards  the  general 
indebtedness  of  the  company,  cannot  be  truly  called  a  rcquirem  nt  Ihit  the 
company  should  pay  the  interest  from  time  to  time,  and  should  pay  ih-i  princi- 
pal when  due.    It  was  within  the  oiscretlon  of  Congress  to  make  tills  retiuire- 
ment.'and  then  as  collateral  to  provide  a  special  fund  or  funds,  out  of  w  hich  the 
principal  could  be  discharged.    But  Congress  did  not  choose  to  do  so,  but 
remained  satisfied  with  the  property  of  the  company  for  its  ultimate  payment. 
The  comiKiny,  for  obvious  reasuns,  might  he  very  willing  to  accept  Ihe  bonds 
of  the  Government  on  those  terms,   and  very  unwilling  to  come  under  an 
absolute  promise  to  pay  the  current  interest  as  it  occurred.  It  was  not  in  a  con- 
dition to  do  so  either  during  the  progress  of  the  work,  when  Ihe  company  wns 
unable  to  earn  anything ;  but  if  the  company  was  obliged  to  raise  money  every 
six  months  to  pay  interest,  when  all  its  available  means  were  necessary  for  the 
exi'cution  of  the  work,  the  burden  would  have  been  very  heavy.    Congress  did 
not  see  fit  to  impose  this  burden,  and  to  put  the  comjiany  in  a  position  to  risk 
the  forfeiture  of  all  its  rights,    iiesides,  it  is  fair  to  infer  that  Congress  sup- 
posed that  the  services  to  be  rendered  by  the  road  to  the  Government  would 
equal  the  amount  of  interest  to  be  paid,  and  that  that  wasnotan  unreasonable 
expectation  the  public  statistics  of  the  vast  cost  of  transporting  military  and 
naval  stores  to  the  Pacific  by  the  ancient  mode  abundantly  show. 

The  views  presented  regarding  the  provision  that  the  Government  shall 
retain  the  compensation  for  services  rendered  by  the  company,  either  before 
or  after  the  road  was  completed,  are  equallj  applicable  to  the  provisioivHiSt  6 
per  cent  of  the  earnings  of  the  road  shall  be  annually  applied  lo  the  payment 
of  the  bonds  and  interest.  It  is  not  perceived  on  any  principle  of  construction 
that  the  obligation  ot  the  company  ti  pay  the  interest  on  the  bonds  every  six 
months  can  be  predicated  on  the  terms  of  this  provision  any  more  than  on  the 
terms  of  the  other.  Both  are  reserved  funds  out  of  which  the  Government  is 
to  be  reimbursed— In  the  first  instance  the  interest  it  had  paid,  leaving  the 
surplus  to  be  applied  to  the  paymeni  of  the  principal.       «       •       »       • 


THE  PURPOSE   OP  THE  ACT   OF    16CI. 

In  view  of  the  circumstances  under  which  the  act  of  186i  was  passed,  and  of 
the  purposes  to  be  accomplished  by  It,  appearing  as  they  do  in   the  title,  as 
welt  as  in  the  body  of  the  act,  and  consiltuting  as  they  do  tlie  public  history 
of  this  legislation,  this  question  seems  to  pre-eut  fairly,  in  it-  scope  aud  eft'ect, 
views  that  are  inconsistent  with  the  positions  asserted  by  the  appellaut.    Not- 
wlthstandinu  the  favorable  terms,  the  road  languished  and  the  effect  of  that 
was  the  passage  of  the  amendatory  act  cf  18(14.    By  that,   the  grant  of  lands 
was  doubled,  the  Government  Io.aii  was  made  a  second  instead  of  a  first  mort- 
gage, and  a  provision  was  inserted  that  only  one-half  of  the  earnings  from  the 
GovernineiJt  should  b6  required  to  be  applied  to  the  payment  of  the  bonds. 
This  amendment  was  wittiout  doubt  intended  merely  to  modify  the  provisions 
of  the  original  act  so  as  to  allow  the  Government  to   retain  oi.ly  one-half  the 
compensation  for  services  rendered,  instead  of  all  of  it.  AUhougli  the  provision 
Is  that  the  compensailon  shall  be  applied  to  the  payment  of  bonds,  yet  it  cannot 
be  supposed  that  Congress  intended  to  relinquish  the  rights  reserved  iu  the 
first  act  In  regard  to  tlie  rciml)ur8ement  of  interest.    The  purpose  of  Congrets 
could  not  have  been  anything  more  than  to  surrender  on  the  part  of   the  Gov- 
ernment the  light  to  retain  the  whole  of  the  earnings  of  the  company  from  It, 
aud  lo  accept  In  lien  of  that  the  right  to  retain  one-half  of  (he  earnings.    The 
change  was  a  very  material  one,  and  was  intended  as  a  favor  to  the  company. 
But  on  the  principle  contended  for  by  the  appellant  it  would  be  of  no  value. 
Of  what  possible  advantaire  could  it  be  to  this  company  In  receive  payment  for 
one-liaif  of  the  transportation  done  for  the  Government,  if  It  was  to  be  subjected 
to  a  suit  to  recover  the  other  half  as  soon  ns  it  was  paiil  ?    And  yet  this  is  the 
cfl'ect  of  Ihe  provision  on  the  theory  that  the  company  's  a  debtor  to  the  Gov- 
ernment on  each  semi-annual  payment  of  Interest.  If  the  Government  consents 
to  the  dnminatlon  of  its  security,  so  Ihat  one-half  of  the  earnings  of  the  com- 
pany is  to  be  applied  to  that  purpose,  what  is  to  become  of  the  other  half? 
There  la  no  implication  that  the  movement  is  to  retain  it,  and  if  not,  who  is  to 
get  it?    Manifestly  the  companies  who  have  earned  the  money.    It  is  very 
clear  that  the  Congress  of  1864  did  not  suppose,  in  making  this  concession, 
tliat  it  would  bo  barren  of  results.    But  it  is  unnecessary  to  pursue  that  snb- 
ject  farther. 

TUB  MANIFEST  PUBPOSB  OP  THE  ACT  OF   1671. 

The  practice  of  the  Government  for  a  series  of  years  was  in  conformity  wit'i 
the  views  which  I  have  taken,  until  the  Secretary  of  the  Treasury  arrested  the 
payment  of  the  money  and  (lirected  it  to  be  withheld.  The  iictioa  of  the 
Secretary  brought  the  sutiject  to  the  attention  of  Conaress,  and  the  Act  of 
March  3,  1871,  was  passed,  directing  half  of  the  monev  due  to  the  Pacific  roads 
— "for  service  rendered  either  heretofore  or  hereafter  '^— to  be  paid,  leaving  open 
the  question  of  ultimate  right  for  legal  decision.  After  that  another  act  was 
p:i.«8ed,  by  virtue  of  which  the  suit  was  instituted  by  the  appellees  in  theC-JUrt 
of  Claims.  It  is  contended  that  the  purpose  of  that  act  was  to  replace  the 
present  char'er  of  the  Union  Pacific  Railroad  Company  concerning  the  provls- 
i>ms  we  h"ve  so  discussed,  but  manifestly  the  purpo  e  was  very  different.  It 
authorized  sui-  to  be  brought,  and  in  such  f  nit  the  rights  of  the  company  to  be 
determined  and  also  the  rights  of  the  United  States  This  moans  nothing 
more  nor  less  than  the  remission  to  the  judicial  tribunals  of  the  country  of  the 
question  whether  this  company  and  others  similarly  instituted  have  the  right 
to  recover  Irom  the  Government  half  of  what  they  earned  by  transportation, 
which  question  was  to  be  determined  on  Its  merits.  The  merits  of  such  a 
question  are  necessarily  determined  when  the  effect  of  the  charter  is  determiu  - 
ed.  It  is  hardly  neces-ary  to  say  that  it  would  be  idle  to  authorize  snit  to  be 
bruught  if  It  was  the  iuteniion  to  repeal  the  provision  on  which  the  suit  could 
alone  be  predicated.  We  cannot  go  into  an  argument  on  ttie  consequences 
whi<  h  fidtov  our  decision.  Consequences  are  not  an  argument  to  be  consid- 
ered In  the  determination  of  questions.  Whether  an  act  of  incorporation  is 
less  beneficial  to  the  Government  than  was  supposed,  or  whether  an  act  of 
Congress  is  more  or  less  politic  tind  wise,  it  is  not  our  province  to  determine 
when  we  have  declared  the  meaning  of  it.  If  there  be  power  to  pass  it,  our 
duty  in  connecllon  with  It  is  ended. 
'ihe  judgment  of  the  Court  of  Claims  is  afllrmed. 

Whitewater  Valley. — The  lodianapoIiB  Journal  says;  "  Tlie 
Receiver  of  the  Whitewater  Valley  road  received  hi.s  appointment 
from  the  courts,  subject  to  the  lease  now  existing  between  this 
company  and  the  Indianapolis  Cincinnati  &  Lafayette  Uailroad 
Couipauy."  The  latter  company  will  therefore  continue  to  work 
the  road,  the  only  change,  we  believe,  being  that  any  rental 
becoming  due  will  be  paid  lo  the  Keceiver  instead  of  the  company . 


December  4, 18?6.]' 


THE  CHRONK  LE 


637 


^  I)  e  €  0  m  m  c  r  c  i^ JL^i'lli?  l 

COMMERCIAL  EPITOME.  

FHIDAT  NiOHT,  Dec.  3,  1875. 

The  ludden  closiof;  of  inland  nsTigkliitn  at  ibe  Nurih  and 
Vtent,  the  past  we«k,  is  an  evrat  of  some  importance,  as  much 
rrodac«  In  trantit  is  iherebj  deUined,  and  cannot  be  readily 
Droaght  to  market  notil  the  re-op«nin(;  of  narigation  in  the 
Spring.  The  advance  In  gold  has  been  checked,  and  the  speca- 
lallons  which  were  associated  with  it  have  satoided.  tienrral 
trade  is  dnll,  as  usual  at  this  season  of  the  year,  but  there  is, 
under  the  circumstances,  a  fair  degree  ol  stradinesa  to  prices. 

The  following  is  a  s'atement  of  the  stocks  of  leading  articles 
of  domestic  and  ioreigo  merchandise,  at  dates  given : 


, 1875. 


LOW 


Sot  1. 

3.  IIS 
9.115 
Itl.llV 

St.MS 

t.MI 
«l."ll 
'A,aOt 

in.«a8 
-..aot 

4,«8I 

I.OuO 
1«I.IM 
M.9RI 

torn 

4.Mk 
6,0W 

an 

1.7M 

6.ra> 
a.aM 

60,0l« 


OOTTON. 

Fbidat,  p.  M.,  Dee.  S,  1875. 
Thk  Movement  or  the  Crop,  as  indicated  by  our  telegrams 
from  the  South  to-night,  is  given  below.  For  the  week  ending 
this  evening  (December  3)  the  total  receipts  hare  reached  157,t)S0 
bales,  against  1$.3,IG1  bales  last  week,  lSG,13o  bales  the  previous 
W8«rk,  and  140,474  bales  three  weeks  since,  making  the  total 
receipts  since  the  1st  of  September,  1875,  1,590,985  bales,  against 
1,457,000  bales  for  the  same  period  of  1874,  showing  an  increase 
since  Sept.  1,  1875,  of  133,379  bales.  The  deUils  of  the  receipts 
for  this  week  (as  per  telegraph)  and  for  the  corresponding  weeks 
of  five  previous  years  are  as  follows: 


Pork  and  l4rd  have  Utterly  be«a  drooping,  althoof h  no  chang:* 
haa  takes  place  In  the  general  sitnallon  relatios  to  these  iitap!ea. 
The  packing seaao*  procreeMS slowly  and  at  high  oo«t.  The  num- 
bar  of  swUm  slaocfalersd  at  tlio  six  principal  towns  of  the  Weat 
ta  Novoabor  were  only  about  03  per  cnni.  as  large  as  last  Novem- 
ber. Beef  has  been  la  good  demand.  Tallow  Is  rather  eauler. 
Butter  Is  quitt,  but  hi|(h  and  low  grades  are  Ann.  Cbeew  dull. 
Today  th<-  pork  market  was  quiet,  with  I  otorea  quoted  at  |'}1  25 
for  Oneember  and  $W  30  lor  rebroary.  Lard  waa  dull  on  the 
spot,  b^t  futures  active  at  IS  15-I0(gl3e.  for  Januarr,  and 
13  1  la^lSie.  for  February.     Baeon  dull. 

Kio  (offre  shows  a  mtterlal  advaooe  in  the  past  week,  the  salM 
*K'*V^'K  43,000  ba«s,  and  the  vUlbte  supply  for  tbe  United 
9uum  U  roJuMd  to  SN;no  h»g» ;  Uit  to  prima  carsoea  quoted 
at  l9t(ifHe.,  goM.  MUd  gradae  of  eolTea  have  also  bc«a  mors  ac- 
tive, and  e'uee  at  some  advance.  Tb«ro  baa  been  no  new  feaiura 
In  rioe;  Raagooa  sold  at  93.00,  gold.  In  bond,  per  100  lbs.  Mo- 
tasM*  haa  bean  dull  for  foraiga,  but  active  and  rather  firmer  for 
doaiwtlt.  M«fan  have  beea  active  for  both  raws  aad  refi&ed, 
with  tha  stock  of  the  fomer  nach  redaead  and  prices  higher. 
aad  the  latter  balag  freely  sblppad  to  (iraat  Britain  ;  fair  to  good 
mting,  Bi^ic,  So.  13  bet  8fe.,  aad  sUodard  crushed  lOJe. 
Taaa  have  baao  more  active  aad  steady.  8pieM  are  wlihoat 
ohaaga.  Foraica  sellias  slowly  ;  layer  ratslnr,  |'2  00 ;  eurraals, 
7e.,  sad  praaaa,  O^e. 

Kaatackv  tobacco  baa  mlcd  a  shade  lower  and  oaly  moderau^ 
active  at  7(49e.  lor  Inn  and  I»ait7e.  for  laaf ;  the  rales  for  the 
vaak  a«bra«ad  800  hboa.,  ol  which  150  were  for  export  and  190 
for  Beaanmptloa.  Seed  leaf  has  also  baaaquM.bni  about  itrady  ; 
Uis  salsa  embrace  :  Crop  of  1873,  60  casss  Coonertlent  at  S^''  lOc, 
aad  41  eases  Pennsylvania  at  9c.;  crop  of  I»73,  2U  cases  t'oonecU- 
cat,  oa  private  termii .  and  crop  of  18<4,  140  easeo  do.  at  71  "S^c, 
100  OMas  Ohio  at  iHcr'tie.,  and  SO  eaaas  llllaola,  on  privat<-  t  rms  ; 
alaoWOeasaasaadrlcaat  7tf(05e.  »paaUh  labacro  has  been  ■luiet, 
bat  firm  ;  salsa  SOO  balaa  Havaaa  at  tM§l  15. 

Llaaaeil  oil  haa  rrOMiaed  steady  at  MgNa.  la  caaks  aad  barrela. 
Othar  olla  quiet  and  nnchaaged.  Hldas  bava  baaa  la  omdrraia 
dawaail  aad  about  steady  :  dry  MoMavldeo  at  tta:  dry  Orinoco 
at  \9\e.,  gold  ;  aad  city  liaughter  ox  at  Ofc  currency.  Leather 
lower  and  mora  active.  Clover  seed  la  flmier.  with  tales  for 
arrival  at  12c.     Whiskey  elooed  at  ft  15^  aad  dull. 

There  has  l>een  a  ftir  business  in  oeeaa  freights,  aad  the  lim 
llad  oflerlaga  ol  both  berth  aad  charter  room  hava  bfoatr*^'  -' 
higher  and  deddadly  firmer  Igarea.    I,ata  eagt^tamaat* 

Urala  to  IJwrpoul,  by  staaM,  IQi^tOii^lld. ;   eottoa,   Ivj, . 

aad  pcovlaloas,  53s  OJ.  per  t<>n  :  gram,  by  sail,  84d.,  floar  H*.,  aad 
cultoaOSid.  Oraia  to  I/>ndon.  by  *ail,  lOd.,  and  flour  .1j.  Od. 
Urala  to  Glasgow,  by  steam,  lOoflOid. ;  do.  to  Bristol  direct,  Ot. 
8d. :  do.  to  Bristol  chantel,  6s.  Od.  ;  refined  petroleum  to  I,<iodoB, 
fia:;  da.  to  tha  rotted  Kingdom,  5*.  Od.;  naphtha  to  do  ,  .">«.  9d.; 
anda  toBofdaasv.  .>«.  Today  there  waa  a  eoaUaued  firinoeas. 
CMtoa  ta  IJverponl,  by  suam,  7'10d.,and  grain  (through  freight) 
lid. ;  grala  to  I.>o<loo,  by  sail,  Sid. 

The  business  la  naval  stores  for  the  past  week  haa  been  small, 
with  tbe  qnotattoas  at  the  close  ol  37c.  for  spirits  turpeotino,  and 
f  I  70i^l  8k)  for  eonimon  to  good  strained  rosin.  In  petrolfom, 
also,  very  llnle  baa  been  done,  yet  figures  close  flrmrr,  under 
limited  offerings;  cm4e.  in  bulk,  7e.,  and  refined.  In  b^lit  .  t3|<4 
Ufe.  lor  December  delivery.  Ingot  aoppsr  steady,  with  aales  of 
90U,000lba.  Uke.atMjM|M|i.,cash.  Hops  are  rathar  doll  aad 
baialy  au«dy.  at  Iflifc  tm  thaia  ie75aL ;  the  axport  dsaund 
haa  tabaldad. 


SseslpU  this  week  at—     181S.        1814 


New  Orleans. 


Charleston 

Fort  Roral.  *e. 

Savanaak 

flalvenoo. 

ladlaaola.  Ac... 


IlarhU 

MwtbQuoUna... 

Norfolk 

atr  Point,  *e.. 


Total  ihlswsek 

TeUlslaregspLU. 


16,Itl 

i8.au 

I.US 
U,4S1 

M7 
11,5» 

tn 
ia.S7i 


u-,86e 


ItSMjHS 


isrs. 


1871    I    1871. 


10,604 
l.Ut| 

80.ir 

»».«18! 
M4 

T.iatj 
s,as»! 

lt,(Blj 

e75' 


is!8u| 
i8.7a»  1 

...jf 

«7,78», 
i9,ttS  I 

Toal  I 

7,4« 
BtO 


I.1BI, 

i8.n7 

883 


4tSM 

i«.ua 

ItJtM 

88,047 

li,M8 

«,W0 
886 

1,5<7 

ICttl 

1,410 


ITMMl 


1,497.808 


:70.7M.    >a8.»71 


I,!54.a88:i.878.a80 


4l,ti06 
17.016 

12.457 

11,084 

8,700 

7.8tS 

188 

888 

S,8I» 

1,714 


m,:8( 


830,741 


1870. 


41,S88 
18,511 

18,588 

18,651 
IOlOO* 


114 

4.T61 

I  15.41* 


140,874 


1.888.817 


The  exporta  for  the  week  ending  this  evening  reach  a  total  o  f 
120.084  bales,  of  which  89.842  were  to  Great  Briuln.  17,34-4  to 
Fnace,  aad  22,000  to  rest  of  the  Continent,  while  the  stocks  as 
■lade  up  this  evening  are  now  G1G,191  bales.  Below  are  the 
stocks  and  exporta  for  the  week,  and  also  for  the  corresponding 
week  of  last  season: 


OalvoMoa 

Ntv  Te«k 

OihtpotV... 

Tslsl  Uls  wMk 


TeUI  (Innt  <>«|,i.i     .-,01 

'Til*  rsport*  tbl«  w««i 

—  "    "      «•  Sl 


86.108 

100.890 

87.881 

U1.8I1 

8.188  ;  50.000     67,000 

ly.tSl  ,«I6,4»4  |607,MT 


sta^  '  J?*-?«! ' LIT- -t—:!-  ■ 

fadoS*  from  Baltlwers 


.-.  ..I..  ...  w^..  i  ■n.a.  n....uu  n<  k*l«a  la  UTSfaoel:  from  Plill*d«lphli  1.4a 
Mm  to  UVOTfeel  sail  168  kslst  «•  Aktverp:  fraa  ReitMk  tuns  twin  to 
twsifMsl  asa  t,Si:  Mas  le  Fraae*  1  ttnm  Wilmlactoa  MM  bslc  to  UTerpool . 

l^^Our  telegram   from    New  Orleans  to-night  shows  that 

hsaldes  the  above  exports  the  amount  of  cotton  on  shipboard,  an  d 

aagair*d  for  shipment  at  that  port,  is  as  follows :    For  Liverpool, 

tOilOO  bales;  for  Havre.  30,000  bales;  for  Continent,  8,500  bales;  for 

aeaatwisa  porta,  500  bales;  total,  7.-^,000  bales;  which,  if  deduoted 

from    the    stock,   would    leave  130,000   bales  representing  tha 

qusollty  at  the  landing  and  in  presses  unsold  or  awaiting  ordsrs.  | 

From  tha  fofagoiag  atatemaat  it  will  be  seen  that,  compared 

with  tha  eomapowUag  waak  of  last  season,  there  Is  an  inerMit 

In  the  azporls  this  week  of  4,7C8  bales,  while  the  stocks  to-night 

arc   8,507  bales  aiors  than  they  were  at  this  time   a  year  ago 

The  fallowing  hi  oar  nsual  table  showing  the  movament  of  cotton 

i  at  all  the  porta  from  Sept.  1  to  Nov.  20,  the  lataat  ia«il  dates: 


fBBTO. 

aaeaoTs 

Oeaat- 

WiM 

•noa  ssrr.  1. 

Great '__      IOtksrI_  .  . 

■lock. 

in. 

1874. 

Brital.;'~~ 
10».7S.t    M.SU 

forrt'al^*"'- 

M.  Ofhu*. 

«7.1I0 

m.47« 

4e.!«i  108.687|    48,881 1  187.«3i 

MoMI*  .... 

!«.81S< 

110.080     1T.8I>,     l.asi,     1.114;    8M76 

50,165 

«,:i7 

Cbarit*-B» 

ii«,as8 

aoo^nr 

S7.8ST;   tl.St7|  St.0«6     80.860 

18,888 

88,808 

•avtsnak . 

108.468 

anaao 

41.56l|    14.816   67,675;  tl0,76« 

87,446 

7«,«I8 

Oal.tirtoa*. 

n,4« 

ltl.W7 

88,8181        888'    4.tl<8|     40,4U 

81.851 

88,810 

New  York. 

aawMo. 

88^818 

108,881      1.8S<i  17.8151 

14n.l88 

....      88,615 

nerl4«.  .    1 

4.587 

4.S( 

,,., 

••• 

so* 

... 

4.6S7 

N.  Corolla* 

40,008 

Si,M> 

1.484 

■  ■•. 

■  •■■ 

8.481 

80,104 

8,M8 

Korfolk*.., 

10l,IMi 

in,*46 

18.488 

..•• 

•  >■• 

18,406 

154,880 

l^SU 

OUirrport* 
Toi.thls/r. 

11.181 

14.181      18.IUJ       .... 

8,471 

81JH 

... 

ia,8et 

l.4».i«8! 1  4I8.II4;   »7.8l8|n8.881 

8«J0l 

48M14,  8V7,60I 
47«.50r    687  4:8 

Tot.I«»»vr 

I.8S;.S6I'  475.848'  4l.t07{  8t.«Kl  Hl,04« 

ca-irMMOTiM laeludad Port  Moral,  Ao.:  autor  it*  bud  of 

Ottntt»n  l« 

ncialetf  laiUwoj^ao  :  andcr  lb*  kswl  of  Norfoa  u  laeloSsd  Uliy 

Point  Sc. 

These  in 

ail  returns  do  not  correspond  precisely  with  the  total  of 

the  telegraphic  figures,  bocatiaa  in  preparing  them  It  Is  always 

necessary 

to  incoi 

■poratat 

ivory  c 

orrectl 

on  DM 

deattb 

e  porti 

1. 

538 


mE  CHRONICLR 


[December  4,  1875. 


The  market  for  cotton  on  the  spot  opened  dull,  and  ruled  weak^ 
until  Wednesday,  when  quotations  were  subjected  to  an  extensive 
revision.  Middling  Fair  and  Strict  Good  Middling  and  Good 
Middling  advanced  l-16c. ;  Strict  Low  Middling  was  reduced 
1-lOc. ;  Low  Middling  reduced  tc. ;  Strict  Good  Ordinary  and 
tirades  below  were  l-16c.  lower  ;  Stained  was  unchanged  ;  and 
New  Orleans  and  Texas  were  reduced  l-16c.  At  the  new  prices, 
the  demand  for  spinning  became  more  active,  but  business  for 
export  was  hold  in  check  by  the  scarcity  of  freight  room.  The 
close  yesterday  was  quite  firm,  holders  offering  stock  less  freely, 
and  the  Liverpool  report  being  rather  more  favorable.  To  day, 
there  was  a  steady  tone  to  the  market,  but  not  much  activity, 
nor  any  quotable  advance.  The  decline  in  gold  checked  the 
movement  for  export.  There  were,  however,  for  the  first 
time  tills  season,  considerable  sales  of  cotton  in  transitu. 
The  market  for  futures  opened  flat,  and  prices  gave  way  a  little 
in  the  course  of  Tuesday  and  Wednesday.  General  apathy  ])er- 
vaded  speculative  circles,  and  crop  estimates  were  rather  in- 
creased. Private  advices  yesterday  from  New  Orleans  stated 
that  the  recent  heavy  rains  had  swollen  the  lateral  streams, 
and  that  increased  receipts  at  the  ports  may  be  expected  in  con- 
sequence thereof.  This  announcemeiit  checked  the  slightly 
firmer  feeling  in  the  later  months,  with  which  the  market 
opened,  and  remanded  it  to  the  spiritless  condition  before  noticed. 
To  day,  futures  were  dearer,  and  the  later  months  l-33c.  higher, 
Avith  a  moderate  demand,  but  no  decided  activity  or  b:ioyancy. 
After  'Change  thei-e  were  sales  at  13  ll-33c.  for  Feb.,  18  9-16c.  for 
Marcli,  13  2r).33c.  for  April,  13  31-32c.  for  May,  14  5  32c.  for 
June,  and  H  7-33c  for  July.  The  total   sales  for  forward  delivery 

for  the   wef'k  are   9(1,700  bales,   including  free  on  board. 

For  Immediate  delivery  the  total  sales  foot  up  this  week 
8,273  bales,  including  1,380  for  export,  3,740  for  coiiaumption, 
1,408  for  speculation,  and  1,744  in  transit.  Of  the  above,  904 
bales  were  to  arrive.     The  following  are  the  closing  quotations  . 


New  Cluslftcatlaa. 


nplanda. 


Ordinary perB.iiOj^ 

li" 

Vi% 

l:% 

18  .- 

13« 

13X 

II 

15 


16®. 


Strict  OrdiDary. 

Uood  Ordinary 

Strict  Good  Ordluary. 

Low -Mlddllne  

Strict  Low  Mlddllug  . 

UiddltoK 

6ood  Mlddllne     

Strict  Good  MldUlliig. 

Mlddlmg  iTulr 

Fair , 

STAIMED. 

Good  Ordinary llh  \  Low  Middling. 

Strict  Good  Ordinary :3X  I  Middling  


m.. 


Alabama. 


UH  ®.... 

12  ».... 
UH  a.... 
nx  @.... 
n  (».... 

13  3-16S.... 


'.3K 
SX 

15% 


New 
Orleans. 


lox 

113i 
laX 

12H 
12K 
H)i 
13S4 

12  « 
14  V 
15)4 


is... 

«... 

a... 


'•on; 

■IK 

■.■i>i 
ii« 

12X 
8H 
I3X 
15X 
18K 
14X 
15), 


(A... 


«... 

m... 


.12  5-16 


Below  we  irlve  the  sales  ot  spot  and  transit  cotton  and   price  of 
Uplands  at  this  market  each  day  of  the  past  week  : 


BA1.1C& 

PBI'!H 

». 

New 
CiasBlllcatlan. 

Rip't. 

ICO 
1611 
!^o 
60j 

5U 

1,SS0 

Oon- 
lamp. 

Spec- 
ula'n 

46 
245 
230 
154 

saj 

3i3 
1.1'iS 

Trail- 
sit. 

Total. 

Ord'ry 

Good 
Ord'ry. 

Low 
Mldl'g. 

Mid.; 
dllng 

ijalurdtfty 

Monday 

Tuesday 

Wednesdaj.... 

rhureday 

Friday 

419 
7l;l 
1.051I 
458 
88i 

3,-M 

i',7ii 

866 
S20 
l.IH 
1.823 
MUS 
3,012 

}1^ 
11 

10  « 
lOK 
lux 

11^ 

viH 

12 

12 

12 

12  15-16 
12  13-16 
12  13-16 

18'.- 
13X 

13  ;-i6 

13  1-lS 

13  :-i6 

Total 

I, "41 

a:m 

For  forward  delivery  the  sales  (including  free  on  board, 

have  reached  during  the  wrtok  96,700  bales  (all  midilling  or  on 
the  basis  of  middling),  and  the  following  is  a  statement  of  the 
sales  and  prices 


ifor  November, 
bales.  cts. 

200 13 

3110 13  l-U 

100 13  1  IH 

bOl 13  332 

i;OJ 13H 

2'jU 13  532 

;oo 13  ?.-l6 

sou 13  7-32 

2.90U  total  Nov. 

For  December. 

aOJs.n 13 

s.soo 13  ;.S2 

5.»I0 13  1.16 

2,900 13  332 

4.100 13W 

400 IC  5-a2 

l.JOO 13  3-16 

2,200 13  7-32 


bales. 

200.. 


cts. 

.13); 


;0.3X)  total  Dec. 

For  January. 

1,600 IJJi 

10,61)0 13  5-32 

300 13  3-16 

1,400 13  7-S2 

4,6J0 ;.sx 

1,1.00 13  9-32 

1,900 13  5-16 

1,0*) 13  11-32 

100 uy, 

23,100  total  Jan. 


Kor  February. 

1,000 13  5-16 

4,700 13  11-32 

500 13>v  I     

4,2'JO 13  13-3i  I  13.100  total  April. 


hales.  ctp. 

2.100 13  7-18 

3.100 13  15-32 

.,200 Vl'A 

17.;0J  total  Feb. 

For  March. 

200 ii'A 

B.'-OJ  13  17-3; 

2,500 13  y-16 

2500 13  :9-32 

2,000 13H 

soar 13  21-32 

'.1,300  to'al  Marcb. 
Kor  .\prll. 

1.300 13  23-a 

9.600  13V 

1,500 13  25-S2 

700 18  13-16 


For  May, 

bales.  cts. 

100 13  29-32 

1,000 ..13  15-16 

100 13  81-32 

200 II 

1,100  total  May. 
For  June. 

100 14  1-16 

£00 14  :l-32 

2,000 UK 

100 U  5-32 

2,800  total  June. 
For  July. 

200 UK 

ror  Augus',. 

300 14  5-16 

100 14  11-32 

400  total  Aug. 


The  following  will  show  spot  quotations  and  the  closing  prices 
bid  for  futures  at  the  several  dates  named  : 


UIDDLINO  UPLAN 

FrI.  Sat. 

On  spot ISX  13V( 

November..  ..  13  3-10  :3)i 

December 13  3-13  13  :.-3! 

January 13  5- 1  13  9-b2 

February IS  7-;«  13  1-32 

.March \i\-32  13  9-16 

April 13  2V.2  13  25-a 

May 13  15-16  13  21-32 

June nX  11  1-16 

July 14),  !4  ;-32 

Aniiuat 1H«  14  9-3; 

Salea  spot 25j  366 

sales  future...  l'i,;00  2J,40J 

Gold lim  1I4S< 

Eicliange 4.S2  I.SJ 


DS— AMHKICVN  OLABSiriOATION. 

Mon. 

ua 
13  i-:6 

!3X 
13!< 
13% 
Kl  »-'.6 
13V 

13  29-32 
U  3-32 

14  .■>-3i 
UX 
SO 
II.IK) 
IHX 
4.81 


Tuea. 

Wed. 

Thurs. 

Frl. 

13« 

13  l-;6 

13  1-1« 

13  1-16 

13  1-32 

13  1-16 

13  1-16 

13  1-16 

13  3-16 

ISX 

19« 

13  5-s; 

13  1 1-32 

13  5-16 

13  5  1< 

13  U-.S2 

13  9-16 

13« 
13  21-32 

IS  17-32 

13  17-3; 

13  29-3J 

13  2:1-32 

13V 

13  29-82 

13  29  32 

13  15-16 

11  1-ir. 

11  1-16 

14  3-32 

\*H 

14  5-31 

14  3-16 

14  7-32 

IIX 

\% 

11  9-32 

14  5-16 

14  11-32 

1.823 

;.i0! 

3.042 

10,6lX) 

21.700 

17.100 

10.400 

115H 

115 

115 

114K 

4.81X 

4.S1X 

4.81 

4.81 

Stock  at  Liverpool. 
Stock  at  London.... 


18T5. 

500.000 

61,730 


ToUl  Great  BrlUilnatock  ....  501,750 

Stock  at  Havre 177,750 

Stock  at  UarselUsi •i.i&O 

Stock  at  Barcelona 55.000 

Stock  at  n.iraburjc 13.CO0 

Stock  at  Bremen »3,7SO 

Stock  at  Amsterdam 52,500 

Stock  at  Rotterdam 10.500 

Stock  at  Antwerp 6,500 

Stock  at  other  continental  ports. .  7,000 

Total  continental  ports 35<,850 

Total  European  stocks 91 1,000 

India  cotton  afloat  for  Europe....  IIS.OOO 

American  cotton  afloat  for  Europe  5:i7,0OJ 

Egypt,  Brazil,  .&c.,aaoatforE'rope  05,000 

Stock  In  United  States  ports 618,4»l 

Stock  in  U.  S.  interior  ports »6,6«0 

Dnlted  States  exports  to-day 15,030 

ToUl  visible  supply.     ..bale«.-2,391,160 


1871. 

soB.ooo 

111,753 

617.750 
115.500 

9,500 
51.230 
]6,»03 
■W.OOO 
7S,7iO 
17,750 

4,760 
i!D,000 

346,000 
g43.'i60 
115.000 
410,030 

89,000 
liOT,«87 
111,863 

18,030 


1873. 
487.000 
183.510 

670.500 
63,350 
lO.i'iO 
18,600 
17.530 
85, 450 
86,750 
88,750 
14,850 
57,000 

805,600 

1176.000 

160.003 

234,003 

81,030 

450,135 

99,888 

13,003 

8,064,077 


1372. 
338,000 
828,000 

604,000 
848,00« 
13,000 
87,000 
81,000 
SS.OOO 
60,000 

ll,o:o 
32,009 
43.003 

492,000 

1,036,000 
189.0:0 
874,000 
73.03) 
450,712 
78,871 
)  4.000 


8.333,603  8,064,077  2.117,633 

or  the  above,  the  total*  or  American  and  other  descriptions  are  as  follow) 
American— 

Uverpooi  St  ick 165,000           132,000  96,000  48,030 

Continental  stocks 1-39,003           13^,030  87.000  84,030 

American  afloat  to  Europe 537,000          410.000  881,003  274,000 

Ur-ited  States  stoclc 616.494          H07,ft3T  450,195  453,71i 

United  States  interior  stocks 96,686         119.801  99,838  78,870 

United  States  expoits  to-day 15.000            18,000  13,303  H.OOl 


Total  American b»le8.1,669, 163 

Xatt  Indian,  Brazil,  Jbc.— 

Liverpool  stock 885.000 

London  stock 61,753 

Continental  stocks 813,250 

India  afloat  for  Europe 143.000 

Egypt,  Brazil,  Ac,  afloat 65,000 

ToUl  Bast  India,  &c 823,000 

Total  American 1,669,160 


1,415,350        1,0.30,077 


374,000 
111,730 
813.000 
115.0113 
83,000 

937.750 
1,445,850 


.391,000 
183,530 
218,600 
lSl),000 
81,003 

1.0)4.000 
1,030,077 


949,683 

334,003 
222,00  0 
408,0o" 
12'J,000 
76,000 

1,168.000 
949,683 

2,117,533 
lOd. 


Totalvisiblo  supply. ...balee.2,3:»2,160       2,.333,600       2,054,077 
Price  Middling  Uplands,  Llverp'l.    6Kd.  7>id.  SXd. 

These  tiffures  indicate  an  increnss  in  the  cotton  in  siglit  to-night 
of  8,560  bales  as  compared  with  the  same  date  of  1874,  an 
increase  of  .338,033  bales  as  compared  with  the  currespoudiug  date 
of  1873,  and  aa  increase  of    374  577baie3  as  compared  with  1873. 

At  the  Intbrioh  Ports  the  movement — that  is  the  receipts 
and  shipments  for  the  week  and  stock  to-night,  and  for  the 
corresponding  week  of  1874—13  set  out  iu  detail  in  the  following 
statement: 


iWeek  ending  Dec.  3,   1875. 


Receipts.  Shipments.  Stock, 


Augusta.  Ga 

Columbus,  Ga 

Macon,  Qa 

Montgomery,  Ala  . . 

Selma.  Alt 

Memphis,  Tenn.. .. 
Nashville,  Tenn — 

Total,  old  porta 


Shreveport.  La 

Vlcksb'g,  Miss 

Coinmbu?,  Miss 

Eufanla,  Ala 

Atlanta,  Ga 

Charlotte,  N.  C 

St.  Louis.  Mo 

Cinciimati,  O 


Total,  new  ports 
Total,  all 


P,567 
2,610 
3,-347 
3,500 
4,.331 
2:),4B3 
3,6)7 


49,157 

3,806 
3.329 
1,3S3 
1,751 
3,884 
1,873 
14.051 
5,487 

S6,564 


85.021 


6,9!3 
2.-273 
3,0i;4 
1.792 
3,935 
17,6-25 
2,316 


37,928 

4,411 
3,102 
1,101 
1.750 
2,276 
1,780 
12.416 
4  432 

31,2<<8 


69,2-26 


16.7S4 
9.781 
7,1  r. 

1U.417 
7.208 

48,657 
2,701 

96,666 

6,745 
1,1.87 
2,674 
3,518 
3  651 
403 
12  808 
6  281 

36  370 


1.33  036 


Week  ending    Oec,   4,  1374. 


Receipts.  Shipments.  Stock. 


10,041 
4,213 
3,9.)0 
3,799 
4,213 

•30,240 
4,C17 


7,218 
.2,-.80 
2,429 
3,640 
4,016 
12.J94 
2,13i 


60,503 

4  482 
8  085 
1,853 
2,165 
3,fi7i 
1,655 
8  836 

5  6)8 


34,142 

3,.S03 
8,161 
1,868 
1,712 
3  871 
1,764 
6  511 
4.327 


29  859 
80 .392 


25,317 
.'9f6<) 


£0.501 
•1,496 

9,9;s 

.';.609 
8.584 
51.939 
10,806 

119,8:3 


28-! 
613 
198 
654 
,;2! 
.007 
776 
217 


47,187 
167.050 


The  Visible  Supply  of  Cotton,  as  made  up  by  cable  and 
telegraph,  is  as  follows.  The  conliuental  stocks  are  the  figures 
of  last  Saturday,  but  the  totals  for  Great  Britain  and  the  afloat 
for  the  Continent  are  this  week's  returns,  and  consequently 
brought  down  to  Thursday  evening;  lience,  to  make  the  totals  the 
complete  figures  for  to  night  (Dec.  3),  we  add  the  item  of  exports 
from  the  United  States,  Including  in  it  the  exports  of  Friday  only: 


The  above  totals  show  that  the  old  interior  stocks  have  increased 
during  tlie  week  11,529  bales,  and  are  to-night  '23,197  bales  less 
than  at  the  same  period  last  year.  The  receipts  have  been  1,048 
bales  liss  than  the  same  week  last  year. 

Bombay  Ship.mbnts — According  to  our  cable  despatch  received 

lo-day,    there  have  been   bales  shipped    from  Bombay  to 

Great  Britain  the  past  week,  and bales  to  the   Continent  ; 

while  the  receipts  at  Bombay  during  the  same  time  have  been 

bales.    The  movement  since  the  Ist  of  January  is  as  follows. 

These  are  the  figuies  of  W.  Nlcol  &  Co.,  of  Bombay,  and  are 
brought  down  to  Thursd.ay,  Nov.  18  : 

^Shipments  this  week-.     /-Shipments  since  Jan. 1-,     . — Receipts. — . 
Great        Con-  Groat        Ccn-  This  Since 

Britain,  tlnent.  Total.      Britain,  tinent.      Total,     week.      Jan,  I. 

1875 No  report 

1874 7,000        3,000      10,000      S'il.OOO    38,5,000  1,-208,000     10,000     1,259,000 

1873 11,000        1,000      12,000      717,000    237,000      981,000    10,000        993,000 

From  the  foregoing  it   would  appear  that,  compare  1  with  last 

year,  there  is  a  decrease  of bales  this  year  in  the  week's 

shipments  from  Bombay  to  Europe,  and  that  the  total  movement 
since  January  1  shows  an  increase  in  shipments  of  19,U00  bales 
compared  with  the  corresponding  period  of  1874. 

We  learn  by  cable  fr<m  London,  to-day,  that  ihere  is  some 
break  in  the  wire  to  India,  which  prevents  any^dispatch  coming 
through.    We  are,  therefore,  without  our  usual  Bombay  figure.^. 


Dectmber  4,  1875  J 


THE  CHRONICLR 


639 


W&ATUKR  Rktorts  bt  Txhoraph.— TUe  past  week  lias 
not  been  farorabl«  for  the  ingathering  of  the  crop.  At  some 
poiata  eonaiderable  rain  has  fallen,  bat  almost  ererrwhere  it  has 
been  damp  and  drizxUng  or  showery,  though  the  actual  rainfall 
over  a  eonaiderable  section  is  small.  The  cold  which  haa  been 
•xpMianoed  at  the  North  does  not  appear  to  hav«  reached  very 
far  Sooth. 

amhmtom.  T&xni.— On  five  days  of  this  week  there  was  nu  \a- 
rt(— nt  drinle.  but  as  the  week  closes  there  was  a  favoruble 
change.  The  rainfall  this  week  has  been  two  inches  and  eighty 
t]iiee-hnndredths,  and  for  the  month  fire  inches  and  nxty-aeven- 
hondredths.  The  picking  has  been  interfered  with  by  the  storm , 
btit  the  supposition  here  is  that  seven-rightlis  of  the  cjop  lias 
been  secared.  The  roads  are  bad  and  the  movement  will  ba  im- 
peded next  week.  The  thermometer  haa  averaged  <U,  the  high 
e«t  being  73  and  the  lowest  47. 

iHJiantlm,  Tabu.— We  have  had  drizxling  weather  on  tliree 
days,  and  the  balance  of  the  week  mostly  cloudy,  with  a  rainfall 
of  nine  hnndrrdths  of  an  inch.  There  haa  been  no  frost  here 
aa  yet  and  vegetation  la  still  green.  Rainfall  for  the  month  is 
two  ioehca  and  thirty-nine-handredtha.  The  thermometer  lias 
averaged  DO,  the  highest  b«ing  72  and  the  lowest  44. 

CoTtieana,  Ttiat. — On  two  days  of  this  week  ice  formed  in  this 
vieiaity,  and  it  haa  rained  on  f  itr  daya.  Picking  has  been  inter- 
fered with  by  the  stormy  weather,  thoagh  It  is  now  approaching 
eomplatkNi.  The  rainfall  this  week  haa  reached  ninety-six- 
hundredtha  of  an  inch,  and  for  the  month  is  threo  iochea  and 
Dinety-five-hnndiedihs.  The  thermometer  haa  averaged  Si,  the 
highest  being  88  and  the  lowest  29. 

Jfem  OrUant,  Louiiiana. — There  were  five  rainy  daya  here  this 
week,  the  rainfall  reaching  three  and  ten  haitdrediha  inrUrs. 
Kainfall  for  the  month  six  inches  and  eighty-aix  handre<ltb!i. 
Average  thsnnometer  during  the  week  A5. 

fltowsperl.  LvtMana.—TlM  weather  the  past  week  has  Ix-t-n 
eool  and  damp.  There  was  a  drixxliog  rain  on  Saturday,  Sun- 
day, Moitday,  Wednesday  and  ThurMay,  the  rainfall  tradiini; 
forty-six  huEKlrcdtbs  of  an  Inch.  Ri.>eaipla  eontinue  largr,  and 
picking  la  progre>*ing  slowly.  Average  thermometer  fur  tin- 
week  U,  higheet  71  awl  lowest  :<8. 

Viektburg.  MUmuippi. — It  baa   b<-<        '  .<•   the 

|>ast  week,  thu  rainfalf  aggrrgatiog  i,  -f   «ii 

inch.  The  thsfwrneter  haa  avnragcu  .>,.  im- iiii.;iii!<i  u<:ii<g  <iS 
and  the  lowest  46, 

(MumbuM.  iti»mmippi.—\\e  have  had  warm, sultry,  wnt  weather 
the  pa  'i"  rainfall,  however,  haa  only  r<-aclie<l  a  total  nf 

fiftr  ■-  .vJths  of  an  Inch.  Tlio  thermotrn'ter  ha*  averaged 

ir  .>'al  being  79  and  the  lownat  .'il. 

lb,  Arkmmi. — The  weather  the  past  weak  has  b^o 
warm  aou  cloody,  except  Wedne«lav,  which  was  clear.  The 
thJmometcr  haa  averaged  51,  tlie  liigUest  being  OS  and  the 
lowest  85.  The  rainfall  reaches  two  inches  and  fifty-six  hun- 
dredths. 

NatkwUU,  Ttnnmtm.—yfe  havohad  four  rainy  days  herr  this 
week,  the  rainfall  reachlag  seventy-foar  httadredtha  of  an  Inch. 
The  ihennomrter  has  averaged  48,  the  highest  being  37  and  th* 
lowwtW. 

MmmfkU,  rsnaaasss.— There  were  four  rainy  days  during  the 
ws«k,  th*  rainfall  reaching  two  and  alnety.fuor  hundredtiis 
Inahos.  aad  it  is  now  raining.  The  r«at  of  the  w««k  was  cloudy. 
Very  maeh  damage  is  belisfcd  to  have  been  dooe.  sad  there  was 
■o  pteUag  all  tha  weak.  Tho  thai  luoi—lar  haa  averaged  41>, 
laaging  from  57  la  43. 

MabBs,  Alabama. — There  were  two  showery  and  two  rluudr 
days  the  early  part  of  tha  week,  but  aince  tbi-n  the  woathrr  has 

been  clear  aso  plaaaaat.     In  MlaalaalppI  pi->^^">  >  '■■•■  ■ -  ->•  - 

fered  with  by  the  laiay  weather,  aad  eott^x 
rot.     Average  thermometar  daring  the  wc  1 

lowsat  S0.  Kainfall  twenty  eli^lit  hundredlha  uf  an  inch;  fur  the 
moeth,  five  inches  and  five  huniln-dths. 

Mmtftwurji,  AUbamm.—\x  ba*  rained  I  -  f 

tho  aeven,  the  raintsU  reaching  a  total  of  '  ^ 

of  an  inch.  The  cnnllnnou*  wet  wealhc-i  n.  mi.-i  ,.-i,iit:  >Miu 
picking-  Average  th>-rnio:iiet<-r  for  the  week  3d,  highest  6H  and 
lowest  49.  Kaiolall  fur  the  month  one  Inch  ajid  alitety-seven 
handredtha. 

jMsm,  AUbama. — Rain  fall  her*  on  two  days  the  past  week, 
aad  the  rest  of  the  week  was  cloody.  Total  rainfall  thlrty-i<it 
hundredths  of  an  incli.     Average  thermometer  38. 

MtMmm,  ^IstmU.— There  were  four  rainy  days  here  this  week, 
aad  tha  iwt  of  the  week  was  cloudy.  The  rainfall  has  reached 
alaaty-oae  hoadradtha  of  an  inch.  The  thermometer  has 
avaiaged  51,  the  highest  being  07  and  the  lowest  3-V 

JAmm,  (/StffVM.— We  had  one  rainy  day  bore  during  the  week 
past.  The  thoraaaelar  has  averaged  35,  the  extremes  being  04 
and  45. 

AUaiOm, Csffyta.— It  was  "  misty  "  one  day  the  past  week,  and 
the  r>M  of  the  week  was  cloody.  Toul  rainfall  fnur  hnndredths 
of  aa  laeh.  Average  thermometer  50,  highest  (H  and  lowest  43. 
CWamhw,  Oasryia.— There  were  two  daya  showery  this  week, 
the  iBlaCall  reaching  twenty-two  hondiedths  of  an  inch.  The 
thsiiaoawter  has  sveraged  33,  the  highest  being  00  and  the  lowest 
4S.  Rainfall  for  the  month  four  liwfaes  aitd  fifty-three  liun- 
dtadtlMk 


Batannah,  Qeorgia. — It  was  rainy  on  five  days  of  the  wee  k 
and  cloudy  and  cold  the  remaining  two  days.  Total  rainfall  one 
inch  and  fourteen  hundredths  ;  for  the  moiitli  one  inch  and  forty- 
nine  hundredths.  Average  thermometer  for  the  week  .57,  highest 
69  and  lowest  45. 

Augutta.  Oeorgia. — The  weather  here  luu  bnen  cold  and  damp, 
with  light  showers  on  three  days,  the  rainfall  reaching  thirteen 
handredth.s  of  an  inch.  The  thermometer  ha.^)  averaged  34,  the 
extremes  being  (i7  and  41.  Kainfall  for  tho  mouth  three  inches 
aad  thirty  hundredths. 

Ciarietton,  South  Carolina. — It  ha*  been  showery  here  every 
day  the  past  week.  Tho  thermometer  has  averaged  .">tj,  the 
highest  being  G7  and  the  lowest  41.  Total  rainfall  for  the  month, 
three  inches  ami  sixty-seven  liundredths. 

The  following  statement  we  have  also  received  by  telegraph 
showing  l^e  height  o(  the  rivers  at  the  points  named  at  3  o'clock 
Dec  3.  We  give  last  year's  figures  (Dec.  4,  1874)  fur  com- 
parison. 

,-Dec.  «,  'T5-.         ,-Dcc  4.  '74.-, 
Fo«t.       Inch.         Fuct        Inch. 

New Oriesas  .Below  high-water  mirk it  :0  M  II 

IfSMphls AlWTe  luw.water  Dtsrk ..     18  S  8  S 

IfSlhlltli  1IIIIII  I I  I  iini> 16  11  TO 

SkikiSfliat Above  low-water  mark S  0  8  U 

VIAslilirK  -..Above  low-water  mark 17  11  7  10 

Mew  Orleans  reported  below  high-water  mark  of  1871  until 
Sept.  9,  1874,  when  tho  zero  of  gauge  was  changed  to  high-water 
■ark  of  April  13  and  18,  1874,  which  is  0  lUths  of  a  loot  above 
1371,  or  10  feet  above  low-water  mark  at  that  point. 

OUKHV  Bags,  Baooixn,  &c. — Bagging  has  ruU^d  i|uiet  dnring 
tha  past  week,  thoagh  prices  are  slightly  iu  .^filers'  favir.  Since 
the  large  speculative  transactions,  tlierc  have  been  no  sales  of 
roond  |>arrels,  but  we  note  a  fair  demand  for  consumption  of 
aaiall  lots,  and  at  the  close  holders  nre  steady  tt  13  ii-.  rsiih. 
Balaa  are  <|uiet,  and  prirnt  ar.:  nominal.  Bags  an>  dull,  and 
qooled  at  13<<il3|e.  for  4<40°s.  Butts  rule  firm  in  tone  and,  with 
vary  limited  stork,  prices  are  tending  upward.  Tlic  siock  is  now 
redaced  to  1,000  bales,  all  of  which  is  held  In  Boston,  and  the 
sapply  to  Mar  1,  '70,  only  gives  an  average  monthly  (onsuinption 
of  15,000  b^laa.  balea  during  past  month  foot  up  20. (KM)  bales, 
of  which  about  4,000  bales  were  on  spit  at  31 1'.illc  aui  balance 
to  arrive,  Si<^  I-lOc.  currency  for  Drci-mbt-r,  2  13100.  ciiirenry 
aad  S^c.  gold  for  January:  Sfi^lc.  curnncy.  and  31(3*2  I'J  10c.  gold 
for  February,  March  and  April-  At  the  close,  prices  are  <|unlea  on 
spot,  Boston,  3(<i(3tc.  ;  and  for  January  arrival,  3)c.  gold,  and 
tor  February  and  later  3i<33  0-lOc.  gold,  or  ei|uivalcnt   in  cur- 


BormAN  Cotton  Crop. — Under  date  of  November  0,  Quentell , 
Kally  &  Co.  will*  that  the  "crop  proupccis  have  Improved  nia- 
"  terially  during  the  past  toonth  on  account  of  the  raagnificrat 
"  Weather  for  maturlog  the  plants,  which  were  backward  up  to 
"the  beginning  of  October.  When  the  second  pickings  begin  to 
"arrive,  we  shall  be  better  able  to  judge  of  the  qiiaiity  ;  so  lar  as 
"  wa  can  see,  some  districts  which  gave  the  brst  cotton  last  year 
"an  disappoiatlog.  Krom  Mansourah,  however,  which  is  always 
"  lalar  than  any  of  the  other  part*  of  ihv  Delta,  arrivals  are  now 
"aoariag  to  band,  and,  so  far,  ihrre  is  a  decided  iuiprovement  on 
'tWa  faallty  of  ths  past  two  seasons.  Wii  think,  ^  prei>ent,  a  fair 
"MUmaU  of  the  crop  is  3^  milll'in  canlars.  or  400,000  hales,  and 
"rihoald  the  Weather  continue  very  favorable  I'uring  the  preti-r.t 
"  month  this  estimate  may  be  sooewbal  ezeeeded." 

tiaat  yeai's  exports  (their  crop  year  ends  October  1)  were  about 
MlftOO  bales:  so.  If  the  above  estimate  proves  correct,  we  may 
look  for  an  iacreaaed  supply  this  year  of  about  50,000  bales  from 

¥»ypt. 

IifOlA  ('OTTOK  Crop. — Oar  latest  report*  from  India  are  some- 
what conflicting,  but,  on  the  whole,  favorable,  except  the  Dbar- 
war  distrtrt,  where  rain  Is  greatly  needed.  Wu  have  been  rather 
laclined  this  year  to  accept  the  less  favorable  advloee  as  to  prob- 
abls  supply  Irom  that  quarter,  boeaose  t  le  conditions  of  weather 
la  the  early  season  were.  In  sooM  section*,  certainly,  much  less 
fkvorable  than  in  the  previoos  two  year*.  Subsequent  good 
weather  csn,  of  course,  largelf  repair  previous  damage:  but  a 
Mod  healthy  start  (this  doe*  not  always  mean  an  early  start)  is 
toe  only  safe  basis  to  build  upon. 

For  instance,  lake  the  Central  Pravinoes  and  the  Derars  ;  up  to 
nearly  the  first  of  October.  Hingunghat  was  floodsd  and  all 
'cotton  lands"  were  declared  to  be  in  a  "  pasty  sute,"  with  thn 
eotlon  fields  "  choked  with  weeds,"  so  that  the  "  cotton  plants 
ware  scarcely  visible."  The  Bera-s  also  sent  complaints  of  dsin- 
SiH  f I—  4Mt  weather,  but  much  less  pronounced.  List  year,  on 
tb*  14th  of  September,  Messrs.  Xicol  i  Co.  reported  that  in  U.ii- 

fanghat  "  hair  the  cotton  lielJs  are  in  full  blooiu,"  and  on  the 
1st  they  stated,"  sbonid  the  weather  eontinue  like  this,  we  shall 
**  have  an  early  and  a  bumner  crop  ;"  it  did  continue  favorable 
throughoat   the   Central    Provinces  and  llerars,  with  quite  unim- 

rtrtant  exceptions,  and  the  yield  war  a  good  one.  These  Central 
rovinces  and  the  Berara  usually,  we  believe,  furnish  now  about 
oaa-foorth  of  the  Booibay  supply,  or,  say  about  300,000  bales, 
aad  this  is  marketed  in  lA^cember  and  January.  Since  about  the 
trst  of  October  (or,  perhap*,  say  nearer,  23111  of  September)  the 
weather  hss  been  floe  in  all  this  section,  snd  now  the  accounts 
aia  much  more  satisfactory  ;  bat  still  It  would  seem  as  U  thsse 
bad, early  conditions  must  tell  upon  the  final  out-turn. 

So  too,  parts  ol  the  important  Dhollerah  district  (which,  we 
believe,  furnishes  nearly  one-third  of  the  Bombay  f>upply)  sulTered 
la  the  early  part  of  the  reason.  The  dilHcoIty  there  was  a  very 
asTsre  drought,  extending  way  into  iJeptember.  It  will  be 
ramembared  that  in  our  eabie  despatches  from  Bombay  of  Sept. 
8  and  8ept.  10,  this  complaint  was  referred  to.  Since  then  th  e 
darelopment  Is  said  to  have  been  satisfactory,  and  now  they  look 
for  a  yield  rqoal  to  last  year. 


540 


THE  CHRONICLE. 


[DecembJr  4,  1875. 


In  Dharwar  the  crop  is  much  later,  being  marketed  aboat 
March,  and  the  Bowing  is  not  generally  completed  until  about  the 
close  of  October.  Last  year  heavy  rains  in  October  made  the 
planting  even  later.  This  season  the  great  complaint  is  want  of 
rain  and  all  the  authorities  appear  to  think  it  serious,  though 
Messrs.  Nicol  &  Co.,  under  date  of  October  33rd,  state,  "  we  are  glad 
"  to  learn  that  refreshing  rains  have  fallen  all  over  the  Dharwar 
"  districts."  The  other  Bombay  authorities  of  about  the  same 
date  do  not  meniion  any  rain,  but  speak  of  the  drought  as  severe. 
Putting  all  these  facts  in  the  early  development  together,  not 
to  mention  others  of  lesser  importance,  we  had  been  led  to  antici- 
pate a  probable  smaller  supply  from  India  thisyear.  But  it  would 
seem  that  now  a  pretty  favorable  view  of  the  prospect  is  taken 
at  Bombay  in  all  districts  except  Dharwar  ;  and,  if  the  rain  reports 
in  Dharw»r  prove  to  be  correct,  there  is,  we  suppose,  no  reason 
why  a  good  crop  Bhould  not  also  be  made  in  that  district  even  yet. 
That  our  readers  may  see  what  are  the  present  reports,  we  give 
them  below. 

Messrs.  W.  Nicol  &  Co.,  under  date  of  Bombay  October  23, 
write : 

Crop  accounts —The  reports  to  hand  this  week  from  onr  correspondents  are 
very  ravorable,  and  we  are  glad  to  learn  that  refreshing  rains  have  fallen  all 
over  the  Dharwar  districts. 

lliNOCNuiiAT,  aist.— We  are  having  dry  weather,  and  the  cotton  plants  are 
matariug  fast.    In  forward  fields  a  little  cotton  is  visible  already. 

Kbamoauh.  Slst— The  weather  continues  fair.  In  several  fields  I  have 
noticed  the  cotton  is  already  in  pod,  and  the  crop  promises  well. 

SuEAGAUM,  Slst.— The  weather  has  been  fine,  and  the  cotton  plants   are 
healthy.    It  is  generally  estimated  that  wo  shall  have  a  full  crop. 
MooBTiZAPORK,  2l8t.  -Cotton  plants  are  progressing  favordbly. 
JuLQAUH,  Slst.— U  is  expected  that  the  gins  will  begin  to  work  by  the  end 
ef  the  month. 

HooBLKE  iDbabwab),  S8d,  by  telegram.— llain  since  yesterday  in  ai;  dia- 
tricts. 
Messrs.  Finlay,  Muir  &  Co.,  of  the  same  date,  say : 
**  The  weather  has  been  line  throughout  tlie  country,  and,  with  tlie  exception 
of  tlie  Dharwar  districts,  prospects  are  good,  in  Uingunghat  and  Berar  the 
plants  are  in  blossom,  but  the  crop  is  later  than  last  season.  In  Dharwar  the 
continued  want  of  rain  is  exciting  apprehensions,  and,  unless  an  early  fall 
takes  place,  ;he  prospect  for  both  caitou  auU  cereals  is  rtisconraging.  From 
the  Dholiera  districts  accoauts  are  satisfactory,  and  a  crop  equal  to  last  year's 
i»  looked  for." 

Messrs.  Peel,  Casaells  &  Co.,  under  date  of  Bombay,  October  25^ 
have  the  following : 

"  According  to  the  latest  advices  which  have  reached  us  from  the  cotton  dis- 
tricts (under  date  the  21et  lust.),  the  weather  continues  favorable,  everywhere, 
for  the  growing  plants.  At  Hingunghit  the  crop  is  maturing  fast,  and  we 
have  already  received  a  sample  picked  from  some  forward  plants,  which,  how- 
ever, cannot  be  taken  as  a  guide  to  the  ultimite  out-turn  of  this  growtli.  In 
the  Juleaum  section  of  the  great  Oomrawuttee  district,  picking  has  com- 
menced to  a  small  extent,  and  the  ginning  by  native  appliances  will  commence 
in  a  fortnight's  time.  lu  the  Khamgium  part  of  this  circle  the  cotton  is 
already  bursting  the  pods  iu  some  tield-*,  and,  with  a  continuance  of  fine 
weather,  this  variety  promises  very  well.  From  the  Broach  and  Dhollerah 
districts,  also,  our  news  is  of  a  satisfactory  character,  and  it  is  now  hoped  that 
tlie  absence  of  rain  in  the  districts  where  tlie  latter  is  grown  for  so  long,  may 
not.  after  all,  have  seriously  injured  the  prospects  of  the  crop,  as,  though 
tardy.  It  was  abundant  ;  but  estimates  of  the  former  crop  still  make  ttie  out- 
tarn  one-eighth  below  the  average  on  the  north  side  of  the  Nerbudda,  and  our 
quarter  on  tlie  south.  We  learn  from  Dharwar,  this  morning,  tliat  there  had 
been  no  raia  in  tliat  district  for  some  time,  and  the  grain  crop  was  withering 
in  consequence;  but  the  cotton  plants  had  not,  so  far,  suffered." 

Messrs.  Sir  Charles  Forbes  &  Co.,  under  date  of  Oct.  IS,  say: 

"As  regards  the  new  crop  it  will  be  somewhat  late,  and  a  shortened  supply 
Is  expected  from  some  of  the  nonhern  districts,  more  especially  Kutch  and 
Kattywar.    The  reports  from  the  other  districts  are  generally  satisfactory." 

Messrs.  Fleming  &  Co.,  under  date  of  Kurrachee,  Oct.  33,  report : 

'*  No  samples  of  newcotton  have  been  received  yet,  iiut  both  from  the  Pun- 
jauband  Slnd  reports  are  still  satisfactory  regarding;  the  quality  of  the  growing 
crop,  and  the  ont-turu  is  likely  to  be  little  short  of  last  vear's." 

Liverpool,  Dec.  3. — 4;30  P.  M. — By  Cable  from  Liver- 
pool.— The  market  has  ruled  steady  today.  Sales  of  the  day 
were  13,000  bales,  of  which  3,000  bales  were  for  export  and 
speculation.  Of  to-day's  sales  7,000  bales  were  imerican.  The 
weekly  movement  is  given  as  follows  : 
Nov.  18. 

Salesof  theweek bales.    61,000 

Forwarded 5,000 

of  which  exporters  took 7,000 

of  which  speculators  took 6,000 

Total  stock SM.OOO 

of  which  American ...  .  195,000 

Total  import  of  theweek 51,000 

of  which  American 19,000 

Actual  export 7,000 

Amountalloat 230.000 

of  which  American 132,000 

The  following  table  will  show  the  daily  closing  prices  of  cotton  for  the  week: 
Spot.  Satnr.       Mon.  Tnes.       Wednes.      Thurs.  Frl. 

Mia. ijprds..  .@&y.     ..mji     -.mH     .mn     •■'©oji     ..m% 

do    On'ns..  ..©7  3-16  ..&!  3-16  ..@7  3-16  ..(87  3-16  ..@7  3-16  ..@7  3-16 

Futures. 
'   Satdrday.— Oct-Nov.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by 
sail,  if  required,  6  13-16d. 
Nov.-Di'C.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clanse,  by  sail,  if 

required,  6  '.:M6d. 
Jan. -Feb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required,  6?^d. 
Dec-Jan.  sUpment  from  New  Orleans,  Low  Mid.  clause,  by  sail,  if 
required,  6  15-I6d. 
Monday.— Nov.-Dec.  shipment  fi-om  Sav.  or  Chas,,  Low  Mid.  clause,  by  pall. 
If  required.  6  13-16d. 
Dec.-Jau.  shipment  from  Sav.  or  Chas.,  liOW  Mid.  clause,  by  sail,  if 

required,  6  13-16d. 
Nov.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause.  6  13-16d. 
Jan. -Feb.  shipment  from  Sav.  or  Chas.,  Law  Mid.  clause,  by  sail,  if 

required.  6J^d. 
April-May  delivc-y  f  om  Sav.  or  Chas.,  Low  Mid.  clanse,  6/id, 
J'UESDAT. — Dec.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6Xd. 

Dec-Jan.  shipmt*nt  from  Nex  Orleans  or  Texas,  Low  Mid.  clause,  by 

sail,  il  required,  6%t\. 
Jan.-Feb.  shipment  from  Sav.  or  Cha?.,  Low  Mid.  clause,  by  sail,  if 

reqvirod,  6  13-16d.  bid. 
Feb.-March  shipment  from  Sav.  or  Chas.,  Low  Mid.  clanse,  by  sail,  if 
required.  CJid. 
WcDitKSDAY.— Dec-Jan.  shipment  from  Sav.  Or  Chas.,  Liw  Mid.  clause,  by 
sail,  If  required,  U^u.  bid, 


Jan.-Feb.  shipment  from  Sav.  or  Chas.,  Low  Hid.  clanse,  by  sail, 

required,  6  IJ-lOd. 
March-April  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  13-16d. 
Thcbsday.— Dec.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6;»d. 
Jan. -Feb.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6Jid. 
Feb.-March  fhipmcnt  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  If 

required,  6Ha. 
March-April  delivcty  from  Sav.  or  Chas  ,  Low  Mid  clause,  6  13-16d. 
Pbiday.- Feb.-.lrlarch    shipment    from  Sav.,  or  Chas.,  Low  Mid.  clause,  by 
sail,  if  required,  UJid. 
Dec.  delivery  from  Sav.  or  Chas  ,  Low  Mid.  clause,  6Sid. 
March- Apr;l  delivery  from  Sav.  or  Chas.,  Low  Mid.  clanse,  6  13-lGd. 

The  Exports  op  Cotton  from  New  York,  this  week,  show  a 
decrease,  sh  compared  with  last  week,  the  total  reaching  14,12!) 
bales,  against  19,357  bales  last  week.  Below  we  give  our  usual 
table  sliowing  the  exports  of  eotton  from  New  York,  and  their 
direction,  for  each  of  the  last  four  weeks;  also  the  total  exports 
and  direction  since  Sept.  1,  1875;  and  in  the  last  column  the  total 
for  the*ame  period  of  the  previous  year. 


Bxports  of  Cotton(bales)  flrom  New  York  since  ISept.  1 

.1875 

' 

WXEK  SHDina 

ToUl 

to 
date. 

Same 
period 

Nov. 
10. 

Nov. 

17. 

Nov. 
24. 

Dec. 
1. 

prev'iis 
year. 

14,168 

16,856 

11,450 

*  118,969 
1,414 

l!M,S44 

other  British  Ports 

Total  to  Gt.  Britain 

18,453 

14,168 
600 

13,856 

11,450 
225 

♦120,413 
1,608 

114,244 
2,998 

Other  French  ports 

.... 

1,271 

1,000 

500 

500 

i,oon 

775 
474 

1,021 
1,480 

225 
VSl 
'sio 

1,608 

11,908 
7.016 
10,803 

2,993 

Bremen  and  Hanover 

7,150 
9,925 

i;oa 

Total  to  N.  Europe. 

SpaIn,Oporto4Glbraltar&c 
All  others 

Total  Spain,  &e 

Grand  Total 

2,711 

2,249 

3,501 

2,454 

29,729 

■"ss'o 

17,086 
10 

16,917 

19,357 

360 

10 

21,023 

14,129 

»152,100 

U1,S37 

•  We  have  deducted  from  this  total  88  bales,  as  the  eMimalei  cargo  of  the 
"Emerald  Isle,"  reported  iu  our  shipping  news  last  week,  exceeded  the 
actual  cargo  by  that  amount. 

The  following  are  the  receipts  of  cotton  at  New  York,  Boston, 
Philadelphia  and  Baltimore  for  the  last  week,  and  since  Sept.  1,  '75 : 


Nov.  19. 

Nov.  23. 

Dec.  3. 

69,000 

5^,000 

70.000 

8,000 

7,000 

11,000 

7,000 

6.0D0 

il.OOfl 

3,000 

4,000 

4,000 

616,000 

5:^3,000 

r.00,000 

173,000 

173,000 

ItiS.OOO 

3->,000 

49.000 

46.000 

17.000 

24.000 

37.000 

10,000 

7,000 

10,000 

283,000 

.325.000 

393,000 

181000 

210,000 

239,000 

'1                        i 

HIW  YOBS.         [       BOBTOK. 

,     1 

PHILADBLPIA 

BALTiaOBZ. 

This       Since    :  This 
week.    Sept   l.hweek. 

Since 
Septl. 

This 
week. 

'b36 
l'.i28 

Since  1'  This  [Since 
Septl.  jweek.jSept.l 

New  Orleans.. 

4,022      47,402 
3,034       HiMi 

186 

41766 
4,166 
1,537 

186 
7',9i6 

20;726 
24,24a 
13,266 

6,e8) 

l',626 

'5(9 
1,080 
3,192 

'215 

... 

Savannah 

Mobile 

Florida 

3'th  Carolina 
N'th  Carolina, 

NTlrginia 

Horlh'rn  Ports 
Tennessee,  &c 
Foreign 

5,181 

3.589 
8.199 
8,  22 
311 
8,636 

41,532 

<95i 
43,614 
2.3,873 
92,331 

5,596 

36.860' 

645 

8,022 

6,9.?6 
8,342 
26,591 

2;i6i 

VoUl  this  year 

36,993 
33.728 

2-37,449 
334,527 

1  :i,989 

66,337 
71,221 

1,761 

14,127 

6,062 

52,252 

Total  last  year 

'    8.778 

1.995 

19.491  1    5,157 

46.304 

Shipping  News. — The  exports  of  cotton  from  the  United 
States  the  past  week,  as  per  latest  mail  returns,  have  reached 
129,993  bale.s.  So  far  as  the  Southern  ports  are  concerned,  these 
are  the  same  exports  reported  by  telegraph,  and  published  in 
The  Chronicle  last  Friday.  With  regard  to  New  York,  we 
include  tlie  manifests  of  all  vessels  cleared  up  to  Wednesday 
night  of  this  week.  ^otal  bales. 

Naif  York— To  Liverpool,  per  steamers  Montana,  3,133 Germanic, 

2,142  ...City  of  Chester,  1.031 ...  City  of   Biistol,  1.6U.  ..Helve- 
tia. 1,802...,  Abyssinia,  1,2\8  .  .per  ship  Inspector,  400 11,450 

To  Havre,  per  steamer  France,  225 ,       225 

To  Bremen,  per  steamer  Neckar,  1  584 1,584 

To  Rotterdam,  "iier  steamer  Rotterdam,  870 810 

Nbw  Oblkans— To  Liverpool,  per  steamers  Pascal,  4,665 Texas,  4,395 

....per  ship  Norri8,3,6S9 12,699 

To  Fslmoutli,  per  bark  Susan  L,  Campbell,  2, 145 2, 145 

To  Havre,  per  ships  Emma,  2,910..  .Keuuion,  3,405  ...per  barks 

ComtesseDuchatel,  1,116. ...Leon,  805...  Gem,  1,C01 9,845 

To  Bremen,  per  steamer  Frankfurt,  3,112 per  bark  Norge,  1,4 j». .    4..59B 

To  Antwerp,  per  ship  Wyoming,  2,787 2,787 

To  Reval,  per  steamer  Durham,  4,750 4,750 

To  Barcelona,  per  steamer  CastiUa,  3, 000.... per  bark  Antonio,  1.223    4,225 

To  Malaga,  per  bark  Tigri,  1,460 .'...     1,460 

To  Vera  Cruz,  per  steamer  City  cf  Mexico,  1,107 .„ 1.107 

Mobile — To  Liverpool,  per  ship  Her  Msijesty,  4,509 4,. 509 

To  Grimsby,  her  bark  F.  J.  McLellan,  l,9i3 I,ti23 

To  Havre,  per  schooner  Henry  Norwell,  1.751 1,751 

Chableston— To  Liverpool,  per  ships  Lillie  Soullard.  3,.301  Upland  and 

83  Sea  Island Nonantum,  3,710  Up'and  and  75  Sou  Island,... 

per  bark  Savanna,  2,453  Upland 9,602 

To  Havre,  per  schooner  Sullivan  Sawin,   1,850  Upland  and  138  Sea 

Island : 2,006 

To  Barcelona,  per  iiark  Renom.  1,530  Upland . . .  .per  brigs  Acancia,' 

490  Upland...  Panchito,  696  Upland •   2,736 

Satannah-To  Liverpool,  per  ships  Ragnar,  2,969  Upland  and  120  Sea 

Island George  Bell,  3,869  Upland per  barks  M,  and  E.  t'ann, 

3,121  Upland , , .  .Jessie  Gilbert,  1,950  Upland 12,029 

To  Cork  or  Falmouth,  for  orders,  per  bark  Atalanta.  1,180  Upland,.  1,180 
To  Havre,  per  bark  Kate  Burrill,  2,130  Upland  and  30  Sea  Island  .  2,160 
To  Bremen,  per  barks  Hjemmet,   1,2U6  Upland. ...Arracan,   2,425 

Upland 3,631 

To  Antwerp  per  bark  Navesluk,  2,3«  Upland 2.S83 

To  Barcelona,  per  bark  Valparaisi,  2,740  Upland 2,7 10 

To  Genoa,  per  barks  Lizzie,  1,452  Uoland Friiou,  1.171  Upland...    2,623 

TBXAB— To  Liverpool,  per  steamer  Amljola,  2,465...  p^r  siiips  Preston, 

»,837....GeorgePeabody,  4,571 9,873 

To  Cork,  for  orders,  per  bark  N.  May,  2,022 2,022 

19  Br«a«D,P«t»«h99n«(AluU«  But,  1,345,. ...     1,845 


December  4,  1875.] 


THE  CHIlO^^CLE 


641 


XoKF'LK— To  Liverpool.  Mr  (Up  Andrall*,  1.0T4 £.0T< 

Baltiso^s—Tu  LiVfruoul,  per  •team-r  !lihttrulan,  IftS ...  1^ 

Borrox— To  Linipnol.  par  •trmmera  Panhia.  S1I . . .  Palcftlne,  ?,<00    . .  4.1TI 

Pm.ADnLr«u— To  LlTcrpoul,  per  •tawner  Lord  CUro,  1,146 S.IM 

Tot«l 1S3.99J 

Tha  ;:artleQlai«  of  theae  ihipments,  urangad  ia  oar  usual  form, 
mn  aa  followa : 


Itvav*.  I  Ubaui. 

So.  1.... .......  .•bM. IS  Tsa  4  M    Who»t-No.S  »pring,biuli.»l  189  1  17 

'  japardo*  Sute  A  We*l-  '     .<o.  « «p'lL){      .  1  SOd  1  » 

ern 4C^aS00|     No.  1  ibrfng  ..'..  il..!;  1  «« 

1  Bitr»8Ute.*e. 6  dOa  6  SO  |     Red  Wealern 1  lu 

Western  Spring    Wheal  Amber  do.  1 

eitrae 5  »SS  5  80       White '.■.'"  l 

'  •"■»  «  ■'•  '  Corn-We«tern  mixed ...       tit 


LtrtT-  Cnrk  & 


Bre-     Ant- 


Baree- 


!few  Tork... 
New  <frW«o«w 

Mobile 

Charlatna... 

SaT^nnah 

Trxs* 

Herotk t.m* 

Balt'BMre IM 

Bi«lDn 4,ni 

...    ».TM 


pnol  Falm'ih.  FfsTre.men.   werp.  Reral.  IOBa.OeiM)a. Total. 


:i.43> 
1*.<M 

4.  MM 

3.101 
It.0  9 


m  I.9M 

t,Ii5    tfia  4.3M    t.-X!    4.730    4,aS      .... 

....     1,151  

....     tOM  t,7»      .... 

I.ItO    M*0  3.CS1    I.S3     ....    t,740    t,M3 

a.ott    .   .  i,Ms    


«l.fil4 

14.111 
IS.T40 

t,a:4 
l»-. 

4.171 

Total m.»  B  i.tn  »,»<  iLO*  5,i;o  4ino  •,ioi  Mts  it».»}i 

ladadad  in  Iha  ibOTe  to'ile  are,  fma  New  Yorlt.  8T0  b«le«  to  Rollefdim  : 
Inm  New  <>r'r•n^  I.4an  halra  to  Malaga  and  l,lin  balea  lo  Vera  C'rax :  trum 
Mablle.  l,a«3  bale,  lu  Orim>-br. 

B«li>w  we  gire  all  nawa  n«eiTed  to  data  of  disaatars,  Ac,  to 
Teaaela  carrying  eotton  from  Uoited  SUtaa  porta  : 

**—■"».  Mr..  B  nop*.  wa«  towed  In  aea  from  ChailM'oa  by  aUaaar  M etrop- 
fln*,  fcoaad  for  Biltim  re.  No*.  II.  Wb»  ther  (ot  ootilda  Iber  e  •- 
eoBBtcnd  a  atroog  bead  wlod,  and  wben  off  C^po  Rim  tin.  A.M.  aj. 
tfea  llaea  care  way.  Tbey  ware  afterward  made  hat,  bat  from  tii' 
xroaa  head  wind  It  waa  foand  impoaalbla  to  prceaed,  and  riie  wa« 

i  I  toTjrh  e. 

•f.,  Matthew*,  frorn  Sara-nah  for  Boaton,  pat  Into  Hampton 

Nirr.  tl.  with  boiler*  Icaainr. 

W.  A.  MBOCTaa,  air.  (Dnicbi,  before  rrportad  aa  at  Bottvdan,aft«r  Vine 

aokura,  pmeaadad  tu  Loadoo  fraoa  Mottocdam,  and  baa  fone  Into  Ihr 

dfy  dork  tot  rep  Irk. 

Faafaao,  bark  (Br.>.  Lnwden,  arrlied  at  LlTCfpocl.  Nar.  M,  from  New  Tork 

'  I  y  CO  llaloa  with  aooUier 


White  Western 680 

Tellow  Western tJA 

Rye — 

oata— Black 

Mixed.... 

White 


-BxroRTs  raoH  aaw  tobk.—— < 


Cotloa  fraiirlits  the  p«at  waak  hara  baoa  aa  lollowi 

. LlTwpooi. ,    , — Han*. — .  . llraman. — .^Baml 


d. 

•atarday...  ..ATM 
Moaday AT-tC 

Taaoday E»ja 

Wadaaoday  .*'»-« 
Tbaraday..  ..aiA-4t 

Frtdar     S:-U 

Market  ataadT. 


Sla 


I 


.n 


Sail.  8! 

a.  a.  e. 

I  ooap.  I  CO 

ap.  ..  is 

apw  ..  I  OD 

■p.  ..  ! 

ap.  ..  1 


'•2al 


BRE  ADSTUFFS. 

FaiDaT.  P.  M..  Decnabar  I,  ir.5 

Tba  floor  market,  tbia  weak,  baa  been  qaiel.  and  pric*a  bare 
deralopad  ooma  weakoeaa.  Tbero  baa  bean  gnAatUf  an  acca- 
molatleo  of  alocka  at  tbla  potat,  and  boldera  abow  aome  aailrlT 
to  rffcel  a  radnctioa.  It  ia  axpcet«d  tbat  tba  clooe  ol  loland 
oarliratioD  at  tba  North  and  Wrat,  togatber  wlib  a  eoaaidarable 
adranea  in  rail  frrigbta  raatward,  will  malarially  redoee  raeeipta 
•t  tbia  point :  bot  the  preaent  naeda  of  aalUia,  and  the  cljerk 
npon  esportailoB  wblcb  ia  Impoaed  by  the  doll  foreign  adriera . 
and  the  tcareiiy  and  bl^b  ratae  of  oee*n  frrlgbta,  are  the  rnllaK 
Infliirocra  at  tba  momant.  To-day,  the  market  waa  doll  and 
pricea  weak. 

Tba  wheat  market  baa  not  rarled  to  any  important  extent. 
The  Mack  bara  ia  annanally  l^rfm,  and  rceeipta  at  thp  Weat 
bATa  eoBtlanad  on  a  liberal  acale.  abowioff  a  lari^  ioereaav 
erar  laat  year;  bat  larita  qaaailiit^  hare  been  detained  on  the 
canal  and  rirer.  by  tbrir  aaddeo  eloeioir,  and  it  la  belieTed  tbat 
hlfh  rail  freinbta  will  prerent  any  eoeaiderable  aoppllaa  eomioir 
forward  darioB  tha  winter.  Tha  demand  haa  be*a  limilrd, 
whether  for 'xport  nr  millinir  ;  foreign  adricea  bare  been  dall, 
I  firigbta  icarca  and  blKher  ;  and  there  baa  eonaaqneatly 
I  diapoaitlon  to  nprrmte  at  the  Weat  for  a  daelina.  Late 
aalaa  embraced  No.  3  Miiwaokeaat  $•  28(3$l  89.  and  prime  to 
•bolea  No.  1  aprlnir  at  |l  87(c(tl  40.  To-day,  tba  market  waa 
▼ary  dull  and  prtcee  nominally  3(i^3c  lower.  The  Wi^tern  mar 
keta  were  alao  lower  ander  tbe  lubaldenca  of  ipeculatioa  and 
larira  rceripia. 

Indian  corn  declined  early  ia  tha  weak,  and  aereral  boat  loada 
of  prime  oail  mixed  aold  on  Wedneaday  at  73(5(7Sic-,  (ram  which 
there  waa  a  recovery  yeeterday  lo  741c.  Tbe  demand  baa  not 
been  aetlTe,  bat  reclpta  and  atocka  are  eomparatirely  imall  at 
all  poloia,  aa  I  boldera  feel  maeb  eonddenee.  itt'll,  ilin  iapnly 
of  new  Weatera  baa  been  pretiy  fair,  aelllng  in  tba  range  of  6\iy 
TDc.  with  new  Bnathrm  yellow  at  TS^lc,  ao  that  no  iearel<y  i* 
felt.    To  day,  tbe  market  waa  leaa  active  and  acareely  ao  Arm. 

Rya  haa  baaa  qoiat,  bat  pricMa  baee  ruled  rather  better.  Barley 
haa  be«a  active,  and  pricea  have  adeaoeed  S.SiTtr..  ppr  buahel, 
■alliag  yiwurday  at  f  1  15  for  No.  3  Bay  Q ilole,  $1  23  f  >r  -Vo.  1 
io.  Canada  paaa  hare  bean  qn'vt  and  aoehaoired.  Oata  bare 
trrranlar.  A  apeeolative  demand,  with  moderate  aappMea. 
improeement  in  the  more  deal rable  qaali ilea;  but, 
joatarday  tha  whole  market  relapaad  Into  dntneaa,  except  for 
prime  white,  with  No.  9  Cliieaffo  not  aalable  at  over  47e.  To-day, 
thera  waa  a  flrmer  feeling  but  a  qalet  trade. 

Tba  followtng  are  dooiog  qnotatfoaa : 


doZXandXXX S  753  6 

do  wtater  wheat  X  and 

IX  5  «»  8»5 

City  shipping  exfva..  ..  s  tOQ  6  SB 
"ty     tiade   and  famllj 

hranda.         0  508  7  75 

Soiitbe>n  bakers' and  ta- 

mllyoranda      7  Oia  8  »  I  Barlej— Weatom 

Gotham ahlpp'gextraa..  5  (A3  8  76!     Canada  West.. 

Kye  doar,  aaperdoe 5  OOa  5  40  i     State 

Com maal— weatern.  Ac.  S  K9  1  IS    Peas— Canada    . 

Oo.-B  meal— Br'wine.  Ac.  3  «4t  4  Ou  | 

Tba  moeament  in  breadatuda  at  thia  market  haa  been  aa  fol* 

towa  : 

*— — aaosirTs  at  aiw  tork. — 

. 1878. .        Since 

For  the     Since         Jan. 

week.  Ian.  1.  1.  !»74. 
Fl'>iir,  bbl*.  ItXVa  »ba.tn  I.TI0  8aS 
C.  meal. "  .  I,«a5  II11.187  I6.1,9i>t 
Wheal,  baa-LKS-SM  Sl.«8.ag8  <1,|iii).S»t 
Corn,  "  .  S»^4>'t  jl.ii«)ti>«  1g,4«9,4:i 
Rye,  *•  ««.457  » 1,81 3  yiK.Ul 
Barter.  "  '  4&1,7M  4,5»l,iM  t,«W,»IS 
Oata  ...**  .    WJ,«S7  HMM.lt)  10i4M,4ir7 

The  (ollowinif  tablaa  abow  the  (train  in  sight  and  the  move 
meo«  of  Breadnufra  to  tbe  lateat  null  datea. 

AT   LACK   AMD  RIVBR   PORTS   FOR  THB  WBRK    BNDIMS 
NOT.  27,  18T5,  AND  FROM   AUOCST   1    TO  NOV.  27  : 


-1875. 

For tbe      Since 

week.     .Ian.  1. 

37.49*    1.7IO,«.'l 

1.71 1     isi.aw 

Sil.MS  M.TTd.li.V) 

1S4.8M  ia.S97.8  9 

150,951 

no 

S.8M       ni,f«6 


1874.- 

For  tbe      Since 

week.      Jan. 1. 

r,«07    S,0n«,48« 

8,ll«       1M.539 

4IS,TrS  !)S.'5»,4St 

nM>^  laast.its 

«ii.5ai 

3.000 

300       117.769 


At- 

Vllwaakaa. . 
To 


FI'<Dr,  Wheat, 

bb  a.  baab. 

(!Wlba.)  (lUiha.) 

ai  948  5lll,gKS 


Com.  Oata.  Barley,  Rye, 
baah.  hn«h.  bneh.  bush. 
(M  !•>«.)    (.14  lb<  )    ((8  iha.)  (Sa  Iba.) 


OalMlL... 

ciiigal. 


Pai  

Oolstb 

Toul 

Pranoos  week. 

Tnrrasi.'ac  waak.Tt 

'7». 

It. 

M 

'70 


47  488 
IJHt 
10,n« 

•8,130 

ia.411 
l.niO 


I,M>.SI9 
li4.ai<9 

I0(1,7W 
SI. 150 

m.oM 
n.isn 
lAin 


t  7.374 
II. IM 

wi,«n 
a,»o 

t.4M 

151.750 
104,410 


ISS,»<7 
fl,«M 
I<,5I0 
19.1  • 
8  4V) 
45.741 

7S.4eo 


101,815 
*7.»'8 
18.CTS 
7,>81 
850 
1»,w« 
lt,«O0 


1,454 

S.540 

400 


:,»S4 

18,500 


lll.Tt7 
HI.'M 

UI.W4« 

9i.M« 

►Aia* 
l».-t7S 


i.r«.-«4 

I.IM7A)0 
9M,t98 

l.tm  74» 
ORIAM 

»7-J»l 

i,tui,';5i 


75 1,808 
0tV«B 

7514(0 

S«l  v.t 

•t5,<l  6 

1,084.181 

««i.817 


M»,'i»4 

4't«.75< 

8n4,4-« 

SUl.tlj 
»1»7.Sll 
S«7.IM 


191,107 
I«<.1» 
IM.IM 
I4I.1M 
1»4,719 
ItT.IHI 
104.448 
n.fflOO'iS 
a.4«l,78* 

a.isi.n 
^8ll,!.«8 


87,178 
*i.0f5 

rr.isi 

3a  097 
18.191 
tn.Vi 
K.ooa 

l,t»x.'l9t 

saoHt 

f'C«,9R8 
«7,374 


Total  Aac.  I  todata  .1.l)«.15^  tt.^41.57'1  K,S07,S>5  1^559,008 

'iameltaa  1874 tjnn.UI  i:.n4aa<5  ta,M4.am  lu.?!!^^ 

'•aBMltme  ISn t.l>«.7l'  38.7:5  »7  tV4S.'<S4  10.8;4,<I5 

SaoMltae  ItTt..       .8,088,135  «;,5;i. 118  ».815.nK)  I0.4XI,8X> 

•  bilmaled. 

SSIF1IICNT8  OP  Klodr  and  GRAIN  from  lake  porU  for  the  past 
four  weeks  and  trom  Jan  I  tu  Nor.  37,  inelusire,  for  four  yerra: 


'  Nor.  5.  r^ 


J»n.  I 
*«mc  ' 
■*anir  ! 

a^mm  tiiUf*   1  -.  - 


Floor,     Wheal,  Cora, 

hMa.       ^aaii.  hnah 

.     I41Jtli    I.4n.l7«  sa5,4«l 

.    liT.an  too*.  4m  718.81^ 

,   l>^««  tii45wo  ana  710 

.     lal.^n    ♦.M..i«»  M«8»<0 

..4.«S1T.S<<I  -r. V  ——  - 

A38o.a4a  ■ 
5.-4i,rf7  • 


Bar  ej, 

hnth 

81.131 

8<,4I5 

1*1089 

Jl.OH 

1.W7W     -  ^  . 

)M«0.0'«  8,a4a.«<«  8,»1.\9M 
^,111,897  MU^iM  l.in7,'«0 
18,U4,ta8  3,447,91*  1,190,8*0 


Ua.a, 
hoak 
t-MIl* 

8:<i.7j| 
798  nt 

*W.5M 

!«.5i«.:8l 


Rye. 
b  •■■n. 
KIO) 
15  III 
*8,a» 
>I,I40 
8t.A4t 


RBCRIPTS  of   FliOOR    ANOaRAIM   AT  SBABOARO  FORTS   FOR   TUB 

WBBK  Baouia  MOV.  27, 1875,  and  from  jab.  1  TO  not.  S7  : 


Al- 
•fewTeek 


Paniaad 

««Maal 

PWtodalpbU 
daHtaanre  .. 
tew  tNlaaoa 


Floor.  Wheat,  Cora, 

hbla.  baab.  bash. 

ltt,M7  l4M,8n  8M,000 

48.474  S,«n  «8,«M 

4,8*7  401  8,808 

9a.«8>  4t.48l 

18,880  ll<sM«  88,400 

ttM^  aowaoo  m.vo 

•8,198  .  .  »l,aM 


Oata,  Bariey,     Rye, 

baab.  Hash,     baab . 

Bm.ltl  8l8,t8«      80,:il 

8S,MI  88,088 

S.4i«  

1.11)0  800 

41000  t*.500           500 

-.jno  ....      1,000 

88,5*0  


ItM ..     *B4.«M    fJM.'M       JMOSO      T74,t8T 

PiaTlaaawaek »4I945    i,9aui?      1»l,i'48      aiaw4'« 

Ua*UW*ri('T4 (9a.>«0    KOttM      •M,SS*       *a8,Wt 

aada>  i«....>».-i  1  m-  >>,.||.  oaaa. 
TMH  )  1 13  11,498.048  tl  J8S,498  I9,0I>I,8I9 

flSii  '51  laaia.MI  <8.7.«.ll>  t4,ili.1i4 

<4aaatii >.  >'<a  4M>ii.«i«  4>i  aw.-iai  *n,-8i...M 

laaetbae  I  ;*.....  ;,KM.y)I  «8.t79.7u0  S9.At*,9l4  10.9U,9H 


81,811 
19.578 
t,tTO 

457  090 
f  98  784 

S.!4l.*7.t  1,091. laS 
4,»»4.537     &8l,0Ti 


a8t,aH 

145.741 

a7,on 

4,5«),(I9 
8.  tO  1.0*8 


Tbb  Tisibi.b  Hdpplt  of  Uraih,  inelttding  tbe  atocka  la 
irraaary  at  11  >•  principal  polnta  of  aecumnlation  at  lake  and 
aeabMrdport^io  iranait  on  tbe  lakea,  the  New  Tork  eaoala  and 
by  r^,  FJjV.  T7,  1875: 

Wheat, 
haab. 
rnatorrsi  New  Tocfc 8311.888 


lo  atonal  AiHany 
(oatMeat  DalTtlo.. 
Ioaloreat<hi«.">... 
InaStreat  Mllwaukaa 

Inatoraat  ~)alaih 

lnaiOTe<i  T<>i.m|,i    .  . 

fa 

(a 

I* 

la 

la 


8A«nn 
tillt.aSI 
l.Mlt.145 
1.080.180 

71IM 
5M  «»9 

119.479 

781,551 
8,807 
I. Ill 

117,510 

875.000 
|l18.n49 
l,H)9.7H 
109.  >4i 
850.000 


18.781,188 

Nor.  88,1878 lSO>4,9e* 

Bor.  88,1874... 9,788,04 

•■rtlnatad. 


aiD-ir<>lt    

at  '»a«fvr»* 

alMi.  l/>ala    ..  .  . 

a'  P.Miria 

at  Hoatnn 

at  Toronto    

at  Montreal,    .  ... 

at  Phlladelpbla*... 

.  .  at  BKlumora* 

Uiaahlpmeala 

EUjMpqteaU    

Oa  Itcw  Tork  canala*.  ..  . 


Com, 
hnah. 
851.7*8 

4.'vin 
444.510 
418.098 

9,049 

ir.iv; 
n.8'0 
inn.nno 

88.  «5 
4*,889 

48,8:1 

88.(n9 
t5(i,nno 
iwn84 
S'9lt« 
VM.8I8 
I8N000 

3«»t.M0 

4.818  01* 
3,178.417 


Oats, 

boah. 
LIDI.MO 

48.mo 

Hfft.!*! 

J7«,71» 

80,198 

119.744 
4'-»7 

soono 

15K.S88 
95.a70 

F1-.004 
9.819 
11.81* 

innnoo 
WLono 
94.*'« 

188.8*7 

900.000 

8.1^1.799 

8.788,  t«7 
*.C7S.g0* 


Barley, 
haah. 
88»a98 
*«8.0<0 
155  448 
8  9,5  7 
151,481 

27.080 
9x.tl>t 
MO,(rn) 
180,540 
9I.«W 
811.414 
88,411 
7.J7I* 
M,0^ 
18.KI0 

8''.i8l 
875,000 


Rye, 
hnah. 
107,8*0 
14.000 
<*57* 
188  884 
8.T4I 

S,'S4« 
400 
10.000 
40,4*8 
4,888 
511 
1383 

8.800 

7,.'A) 

5  9*5 

18.147 

18,010 


1,808.878  808.478 
l.l>«r»  448,194 
1,IW(,488    118^708 


642 


THE   CHRONICLE. 


[December  4,  1875. 


THE  DRY  GOODd  TRADE. 

FttiDiT.  P.  M.,  Dec.  3,  1816. 
During  the  past  week  baainegs  baa  continued  quiet   witti  the 
domestic  commission  bouses  in  nearly  all  departments  ;  tlie  job- 
bing ttade  has  been  sluggish,  and  imported  goods  have  moved 
slow  f.    The  export  demand  for  cotton   goods  has   been   fairly 
active,  and  th>*  total  shipments  of  dry  goods  from  this  port  for  the 
week  ending  November  30  reached  tlie  aggregate  amount  of  over 
1,600  packages.     Bleached  shirtings  were  exported  to  Liverpool  in 
considerable  quantities,  and  a  shipment  of  American  ribbons  was 
made  to  that  port.    The  extremely  low  prices  ruling  in  this  mar- 
ket for  shirts  and  drawers  have  attracted  the  attention  of  foreigners, 
and  some  small  lots  have  been  exported  as  an  experiment.     The 
clothing  trade  having  supplied  their  earliest  wants  for  spring  have 
been  operating  pparingly,and  transactions  in  cotton  goods  witii  shirt 
manafactarers  have  cot  been  quite  so  large  as  was  expected.   The 
holiJay  demand  for  choice  styles  of  prints,  &c.,  has  been  of  mod- 
erate proportions,  but  increased  activity  in  this  connection  is  looked 
lor  in  the  near  future.     Business  with  near-by  sections  has  been 
stimulated  by  cold  weather  this  week,  and  jobbers  in   the   West 
and  South  report  a  saiistactory  movement  in  fall  and  winter  goods. 
Domestic  Cotton  Goods. — There  has   been  a  liberal  demand 
for  heavy   standard,  four  yard,  and   fine   brown   Sheetings,  and 
these   goods   closed  firm  with    an   upward   tendency,  Atlantic  H 
being  advanced  Je.   by  agents,    while  other  makes  are  held  "  at 
value."     Bleaclied  Shirtings  dragged  and  sales  were  light  in  the 
aggregate  amount,  although  large  lines  of  medium  qualities  were 
placed  with  the  trade  "  on  memorandum,"  to  be  charged  up  here- 
after— probably  at  lower  figures  than  those   now   ruling.     Wliite 
Rock  bleached  shirtings  were  reduced  to  lO^c,  and  increased  dis" 
counts  were  offered  on  some  other  makes.     Cotton  flannels  in  low 
qualities  were  In  good  demand,  and  are  closely  sold  up  to  receipts 
by  agents.     Corset  jeans   and   satteens   lost   much  of   their   late 
buoyancy,  but  were  in   steady  request   for   small   lots.     Tickings 
were  a  shade  more  active,  but  denims,  cheviots,  checks  and  stripes 
remained   dull,  and    coitonades   were   only  in   limited    request. 
Rolled  jacconets  were  advanced  to  6c.   in  jobbers'  hands,  and  met 
with  moderate  sales.     Grain  bags,  cotton  batts  and  carpet  warps 
continued   quiet,  and  the   former  are  not  very  strong  at  present 
prices.     Print  cloths   were   unclianged  at  4Jc.  cash  (@4ic.  60  days 
for  standard   64x64  makes.     Prints   in   new  plaid  effects  found 
ready  sale  lor  the  holiday  trade,  and  robes  and  shirtings  were  dis- 
tributed   in   considerable    amounts,   but    dark    madder    fancies 
remained  quiet.     Ginghams  moved  slowly,  but  plaid   cotton  dress 
goods  and  imitation  mohair  coatings  met  with  fair  sales. 

Domestic  Woolsn  Goods. — This  week  there  has  been  a  l-ss 
active  movement  in  woolen  goods  for  men's  wear.  The  clothin  g 
trade  bought  pparingly  of  spring  weights,  and  jobbers'  selections 
of  heavy  goods  were  restricted  to  small  parcels,  necessary  for 
keeping  up  assortments.  Overcoatings  and  cloakings  were  rela- 
tively  the  most  active  goods  in  this  connection,  and  prices  were 
fairly  maintained.  Cussimeres  were  in  limited  request  and 
worsted  coatings — which  are  in  larjje  supply — were  comparatively 
neglected.  Cloths  and  doeskins  were  very  quiet,  but  plain  black 
and  printed  satinets,  in  low  grades,  were  distributed  in  fair 
amounts.  Kentucky  jeans  were  generally  quiet,  but  a  few  large  lots 
were  closed  out  by  agents  at  a  concession  from  former  holding  rates. 
Flannels  and  blankets  were  in  steady  rtquest  for  comparatively 
small  lots.  Dress  goods,  shawls  and  skirts  moved  slowly,  but  the 
cold  weather  gave  an  impetus  to  the  demand  for  Cardigan  jackets, 
nubias,  scarfs  and  fancy  knit  hosiery  goods,  which  were  sold  in 
considerable  parcels. 

Foreign   Dhy   Goods.— fhere   wa«i  a  moderate   demand  for 

goods  suitable  for  the  coining  holiday  trade,  and   plain,   fancy 

and  initial  handkerchiefs,  lace  goods   and   embroideries  met  with 

fair  sales.     Dress  goods  rule  1  quiet,  except  such  staple  fabrics  as 

cashmeres,   merinos.   Empress   cloths,   drap   d'ete,   alpacjs    and 

mohairs,  which  were  taken  in  limited  amounts  for  the  renewal  of 

assortments.       Black    and   colored    dress   silks   were   in   steady 

demand,  and   a   few  large  sales   of  American   silks  were  made 

privately  and  through  the  auction  rooms.      Velvets  were  in  fair 

request  in  botli  Mantilla  and  trimming  makes.     Ribbons  continued 

quiet  and  weak,  and  there  was  not  much  animation  in  millinery 

silks.     HousetiReping,  shirting  an''  clothing  linens  moved  slowly 

and  white  goods  were  generally  dull.  "   Woolen  goods  for  men's 

wear  were  exceedingly  qiiiet  in  importers'  bands,  and  sluggish 

with  jobbers.     Hosiery  and  gloves  were  in  steady  request  and 

Srm.      Paris  and  Vienna,  iroitaiion  India,  Decca,  and  real  camel's 

hair  shawls,  were  in  better  demand  by  first-class  retailers. 

We  annex  prices  ol  a  few  articles  of  domestic  manufacture: 


Brotvn  Sueettn 

Width.  Price. 


e»  and   Shirtluxa 

Width.  Price 


Allendale 8-4 

Si'i       ( 

do      9-1 

23« 

do      ....10-4 

27« 

do      .  ..11-4 

30 

do      ....14-4 

85 

Andrcmc'gein.9-4 

27M 

do         10-4 

30 

Adriatic 36 

8V 

Agawara  F...  86 

7X 

Alabama.  ...  36 

6X 

Albion  A 36 

Atlantic  A...  36 

9V 

do    D....  36 

8X 

do    H.  ..  36 

»« 

do    P  .       37 

8 

do    LL...  36 

7« 

Appleton  A..  36 

9« 

do       N..  S3 

AueuBta 36 

m 

do     .30 

7X 

do     A....  27 

6 

Amoekeag.  ..  36 

do       ....  45 

Vl\< 

do       ...    48 

14 

do       ....  60 

19 

Boston 36 

9X 

do    40 

u 

do    in-4 

82X 

do    8-4 

27X 

do    9-4 

SO 

Broadway.  ...  36 

7J^ 

Bedford  R...  30 

6>i 

Boott  S 40 

«X 

do    W 4<t 

14X 

do    FP...  36 

11 

do       RR...  86 

9 

Cabot  A 36 

9 

do    W 7-3 

Continental  C  38 

8« 

Ooneelnga  D.  28 

do         G..  30 

IH 

do        S..  33 

fy, 

do        W.  .30 

i>^ 

do     AAA  .. 

ii>4 

Crescent 36 

9Sf 

OwightX...    30 

7X 

do       T....  33 

7« 

do       Z...  36 

8« 

do       ZZ...  40 

9¥ 

do       Star..  36 

9X 

BxeterA  ....  36 

1% 

Woodberry    and 

Dmid 

Mills  and  Fleetwing. 

No.O 

.    40 

Great  Falls  M  36 

do  8  33 

do  E  .36 

do  J  36 

OranitevlUe . .  36 

do         ..7-a 

Uallowell 36 

do         ..  40 

do         ..  32 

Harrlsburg  A.  36 

do  B.  30 

Indian  Head.  36 

do        ..  -3 

do        .    40 

do        ..  48 

Ind'n  Or.RR.  30 

do    NN.  33 

do     EB.  86 

do     A  A  .  40 

do   DW.  36 

LaconiaO 89 

do      B....  36 
do     S....  36 

do      9-4 

do      ...  .10-1 

do      11-4 

Langley 36 

Laurel  H 36 

Lyman  C 36 

do     K 36 

do      T 36 

Lacgdon  OB. 4-4 
Lawrence  0..  36 
do  XX  36 
do  LL.  3» 
do  J..  36 
do       Y.    36 

Mass.  J 29 

do    K  33 

do    BB.  ..    36 

do    M 40 

do  standard  36 

Maxwell 40 

Hertford  36 

Myetlc  River.  36 

Nashua  fineO  33 

do      R....  .36 

do      E  ...  36 

do     W  ..    48 

do      9-4 

do      10-4 


8>i 
8 

9Vf 
8X 
9ii 
8)i 
9X 
I0« 
9 
8M 

8X 
13X 
15 

'X 

8X 

9X 

lux 

9X 

9 

»ii 

8 
25 
S7)i 
34X1 
10      I 

sx 
i6)i 

8 
11 

«X 
9X 
8 

BMi 

?« 
8 

sa 

14 

«X 
B)» 
8H 
9 

10 

16 


Width. 

Newmarket  A  36 

do  D  86 

Putnam  A  A..  36 

Peppercll. . . .  7-4 

do      ....  8-4 

do      ....  9-4 

do      ....lJ-4 

do      ....11-4 

do         .12-1 

do  K  line.  39 

do  R 36 

do  0 38 

doN SO 

Pequot  A 86 

do    B 40 

do    9-4 

do    10-1 

Pitlsfleld  A.  .  36 

PocassetCanoe39 

Portsmoutli  A  36 

Plum  Island..  36 

do        .    39 

SaranacflneO  36 

do       R  .36 

do       E  36 

Stark  A .36 

do    B 36 

Swift  River..  38 

1  Suffolk  A 36 

I  TremontCC.  86 

Ullca ;;6 

do   heavy..  40 

do   18 

rto    t8 

do    78 

do    66 

do    96 

do  heavy... 110 

WalthamF...  »6 

do      ...  .5-4 

do      ..  ..9-1 

do      ....10-1 

do      ..  .11-4 

Warren  R...  40 

do     W....  36 

do      AA  ..  40 

Wachueett...  86 

do  .    30 

do  ..40 

do  ..48 


Price. 

^X 
9ii 
29»i 
20 
i-m 
2> 
27X 
82X 
8  M 
9!< 
fX 

e 

7X 
9X 
IIK 

32X 

7X 
9X 

IDX 
IIX 

8X 
lOM 


HX 
22X 

37X 
35 
40 
57 1< 
1I> 
15X 
25 
27  Si 

iox 

»X 
14 
9X 
8X 
ISX 
loX 


No.l.. 
No.  8. . 
Ho.  8 
No,  4.. 
No.  5.. 
No.  6  . 
No.  7  . 


38 
36 
34 
32 
SO 
28 
24 


Cotton  Sail  Duck. 

No.   8 25 

No.    9 24 

No.  10 22 


Light  duck- 
Bear  (Roz.  I  29  In., 
do  heavy (9oz.)... 
Mont. Ravens  29in. 
do  40m. 


Amnskeag. 

do       B.... 

Boston 

Beaver  Cr.AA. 
do  BB. 
do      CO. 

Cac'ton  

Coinmb'n  h'ybro 
do  XXX  brn 

Caledonia.No.7.. 
ilo  No.8.. 
do  No  9.. 
do  No.  10 
do        No.  70 

Far.*  Min,  No.  5 
do  No.  6 

do  No.  7 

do  No.  8 
do  No.  9 


15 
9 

15V4 
IW 

:ix 

is" 

IT 

12X 

14 

lu 

18 

19 

12 

14 

16 

IS 

19 


Denims. 

Cordis  XX  brn 
do      X  brn 

Everett. 

Lowiston 

Otie  AXA 

do  BB   

dofC 

Pearl  River  .  . 

Palmer 

Checks. 

Far.&Min.No.  10 

Park  MillB.No..50 

do         No.  60 

do         No.  70 

do         No,  80 

do         No. 90 

do       No.  100 

Union  MilIs.No.18 

do        No.  20 


12X 

IIX 

20 

21) 

16 

14 

12 

19 

10 

22 

II 

14X 

)fi 

17X 

19 

21 

15 

17 


Ontario  and  Woodberry 

USA  Standard  2SX  In. 
do  8  oz.    20 

do  9  oz.    i2 

do  10  oz.  24 
do  12  oz.  29 
do         15  oz.    86 

Ontario  Twls,  29m.  21 
do  36in.    2.1 

Ex  twls-'Polhem's"    U 


Thomdlke  A.. 
Unrasv'e  UCA. 

York  

Warren  AXA., 

do      BB.... 

do  CC.  .. 
Gold  Medal... 
Haymaker 


IOX 

14 

20 

16 

II 

13 

10 

10 


Union  M.  No.  50  17-18 
do 
do 
do 
do 
do 
do 


Prodigy.. 
Lewieton  A. 


No.  70 
No.  80 
No.  SO 
No.  900 
No.  800 
No.  70O 


12 
13 
11 
16 
16 
14 

ts 

IW 


Amerirnn  IMt 

Amoskeag 13-14 


do  fancy 
Bates  Cheviot.. 
Cordis  awning . 

Ooluinl)iftn 

Everett  Cheviot 


11 

12X 
26--J7^f 
fix 
15 


Empress  6 to  12... 
P«ndieton    do    .. 

Amosk'g  ACA.  .. 
do  do  36 
do  A..  .. 
do  B..  .. 
do  C  .. 
do  E.  .. 
do  awning  .. 
do       do  ACA 

Albiny 

Conestoga 60 

do  FP...7-8 
do  prem  A. 4-4 
do  ex... 4-4 
do  ex . .  7-8 
do  Gld  mdl4-4 
do  CCA  7-8 
do  CT..4-1 
do  Penna.4-4 
do  AA  .. 
do       X 

Cordis  AAA.    .32 
do         ACE.  32 


17 

13-14 

13 

13 

13     I 

18 

l.iX 


21 
24 


Dirlgo 18 

H.H  9 

Irving 10 

Gtaaxer 2.) 


Bllerton... 
Franklin.. 
Garner 


Stripes 

Everett  heavy.. 

Tlamilcon 

Lew'n  AA.CIiev. 
do         A    .. 

Mftspabesic 

Oils  BB 

Park  Mills  Ch't. 

Cotton  Yarns 

i4     I  Sargeant    «toI2.. 
21     1  Fout.enny     do 

TIcklnes, 

22X  I  Cordis  No.  1..  32 
2'X  I  do  awning.  .. 
do  No.  2.  .. 
do  No.  3.  .. 
do  No.  4.  .'. 
do  No.  5.  .. 
do  No.  6.  .. 
do       No.  7.  .. 

Easton 

Hamilton  reg..  .. 

do  D.   .   .. 

Hampden  CC.  30 

do       BB..   .. 

do       TRA  .. 

Lewiston  A.. .  36 

do      A...  32 

do      A....  30 

Metbuen  AA..   .. 

do         ASA.  .. 

Lancister 4-4 

do    7-8 

Omega  C 

Coiton  Batts. 

Hanover 10 

Logan 18 

Jackson 20 

Honest  Injnn 12X 

(lilazed    Cambrics 

Harmony . .         6 

Red  Cros« 7 


ThorndikeA.... 

do        B.... 

UncasvIUe  A.. . 

do        DC  A. 

Whittenton  AA 

do         B... 

do  fancy  XX 


14 
13 
10-1 1 
12-13 
11 
11 


V.I 

Ifi 

I'fX 

Ufi 

19 

25 

35" 
21 
22 
20 

17X 

nx 

14X 
15X 
13« 
12 

inx 

18 

20 


IXL  0t»12 iM 

XXX    du     54 

Omega  B 17X 

19 
20 
•ii 
84 
2SX 


20 

8 
18 
11 
IX 

65i 
10 
IOX 
IOX 
19 
25 


21 

do     A .. 

18 

do     ACA..  90 

16 

do       do  ...  36 

14 

do    medal .... 

12 

Mlnnchabi...  7-8 

11 

do         ....4-4 

10 

Pearl  Rive.- 

9-11 

Palmer 

16 

Pemberton  A  A  .. 

13!i 

do       B .• 

ua 

do       E 

12 

PittBfieid 

21 

Swift  River.    .  .. 

24 

ThorndikeA..   .. 

19 

do        C  . .   . . 

17 

Willow  Br'kNol 

18 

WhittcntonXXX. 

SO 

do           A.  .. 

25 

York ,S0 

22 

do  82 

14 

17 
U 


">  I 
7  I 
65i| 


Rock  Island  ..  15 

Russian 1» 

Standard !2 

Wysming 13 

I  Washinffton fix 

I  High  colors  Ic,  higbfr. 


Decern'  er  4  1876  ] 


THE   CHRONICLE 


543 


■■■rorlatloBs  or  Drr  Oooda. 

The  importkUoni  ol  dry  jioods  m  thla  port  tor  the  week  ending 
Dec.  a.  1875,  kod  the  oorreepoadioit  week*  of  1874  aod  1378 
hare  been  as  follows  : 

■araBao  roa  ooaaoamoa  roa  raa  waaa  aasiae  Dscntaaa  i,  16^! : 


PkKi.  Value. 

Maaaractarai  eC  wool in  t81,*V7 

to               coitoD..   tat  gr.Hi* 

do            iiik iM  man 

do                 «*x M5  ST.taS 

■lacallaaaoaa  drj  (oodi.  «0  U&,m 


. 1874 . 

Pkn.  Valne. 
MO.SIS 
I»l.«n 
tri.OM 

1M.M8 


VST 
4M 

(It 


. 1875 , 

Pkca     Valnr. 
SK     f«l4.m 

iri.iw 

315  108 

1 14,'m 

141.187 


W4 
4.M 

747 


ToUl 


...  \,m     <487,U4      4,880     fMt.Mt       8.a«8     ««79.SB» 


vrranmAwa  raoa  WABaaoma  Aas  Taaowa  urro  Taa  tuaaaT  ddbius  Tsa 
aAMB  pibiod: 


■aaaractarea  of  wool m:  |]80.8a« 

do               cottoB..     loT  M.6i'» 

do               ailk »l  80.8ti 

do               8az 5!4  n4.l» 

MlaeallaaaoB*  dry  cooda.     tn  14.818 

Toul  ...   M«  i43M8i 

Addeat'aforconnmpt'a    1,874  487,154 


8M  tl84.«9« 

Ul  8T,;i53 

41  48.481 

181  6«,)«n 

857  i^BI8 

1^7  |80t.4n 

—  ns,04i 


191 

145 
40 

M7 


»7<).4g8 

li.1116 
41.514 
74.101 

9.:07 


Kxp*r(a  or  l.ea4llttK  Articles  (roaa  nevr  YarKa 

The  following  table,  coinpileii  (rom  Custom  House  retarni, 
shows  the  exports  of  leading  articles  from  the  port  of  New 
York  since  January  1, 1875,  to  all  the  prlocipil  foreign  countilef, 
and  also  the  totala  for  the  last  week, and  since  January  1.  The 
last  two  lines  ahnw  total  ea<ue«, includinfr  the  value  of  all  other 
articles  besides  those  mentioned  in  the  tahle 

-    8"         ?f 

ILsllsSSi«S?Si?51si|sslis§?sg2|5|it!2  §  : 


8.588     •Ta.sat 

rotal  thrown  apon  n'k't.  S.1M     tM*.08»      S.887  |1.t8B,iStl      4,410  t>.l*8,M 
BBTBBBS  roB  WABBaocnnie  dubibb  aaas  pbbjodi 


S 
i 


■aaaftetar**  of  wool ....    544  (U4.878 

do                cottoa..    854  IDI.ISa 

do               allk m  Maj48 

do                 8ax 818  118,818 

■l*ra.laaeoa(  dry  goods.    4)8  «I187 

Toul        X.9t  M8.188 

Addtat'jrotcoasanpt'a  1.818  487.1M 


««9 
140 

40 
186 

48 


t».8U 
51.1185 
<«.«S3 
».I40 
14.810 


858  tl54.IN 

r4  198.8SI 

77  8U« 

4«»  ea.gn 

8  885  U.:44 


84     1*^4,458 

4.850      ka^otd 


&8t9    (4«ir.iii 
s.a<i«     »7>.aas 


T,«TT  tl.4M,88t 


PMal  catsnd  at  tlia  port  4.088  11,018,117      5.8:8  ILrajaS 
l^rorta  or  Loadlas  Arltelea. 

The  following  table,  eompiind  from  Custom  Hoase  retaros 
shows  the  foreifo  Imports  ot  Isadinir  article*  at  this  port  sine* 
/•a.  1. 1873,  and  for  the  aua*  period  of  1874  : 

(Tk*  8aaatll7  la  cl'«a  la  paeka(**  wk«a  sot  otkanrtse  spacl8a<l.] 


5is 

05 

:  iSxsIS  il  i^SS  ii  i  :i5si8SI?=IS=  :l| 


-         2 


8""  = 


-  si 


lis 


3a« 


IIS 


:    2  :-S  .SSBS  :3  :|a    S  :  .    RXSS  :  :  :»  :  s5 

■      •  -  •  -         ■«    ■    ■  ■  •••-■■  51 

;if5g2i!3  :SSP2S  i'SSiSSSSSHSiS*  '  sS 


:  :    ISSl*  .    S  :CS8    5  ;    SISSIgSHgBSj  •  gS 

|jl«H8«  ^f  :  ;58  ^5-5Si  ^i|  22??  S82-9  :2S   22 


>.    .    .< 


■   rf  ■-"''      I ess 


.«  :|  i  ;S  Si^ 


-V  • 


s :  =85 :-  j  ?a2  -sn  i  2  . 


igS:-:::  :  :-g  :  gS 


Si 


8 

•I 

e 


;g8  :"g  i  2 


::8I 


is 

a4ar 


3 


00  «f 


Hoes 


(Misa.l 
Ho.  I 


J*'..'!"'! 

»f7.n7» 

1V4« 

88,4«l 

«».<*: 

tl.1'4) 

817. 1'^ 

8n8,l$l 

n.%4'. 

t*.3l8 

mi:* 

8.418 

l.l.lTl 

818 

ni.:4» 

8I.94 

I7;.<w>i 

»MIBB 

41. vw 

l*l.»>l 

148.171 

171.(t. 

Tl.Jini 

71.HI 

48J»V 

107,ai8 

544 


THE   CHRONICLE 


[Deoombar  4,  1   75 


»« 


addlM ■>  i5 

Catkplkes,allil7.e> 3  25 

iWnM— Lead,  vhtte.  A m , ptire.  In  oil 

Lead.wtl..  \mnr..  nurt5  rlry 

Zinc,  wh.,Amer.  'iry.  No.  ;. 


3  15 
3  40 


"X 
I  M 


81 

w 


PItlCKS  CaitttENT. 

A.-1HK8- 

Pot 5    a 

BKKAD3TnFFS—8««>peeUI  report. 
BUlLUlNa  MATI£U1A.LS- 

5Hci:<— Common  uiira.  afloat 2  50   a    <  *is 

Crotoa 11  uu   a  14  iM 

PhllaaelpllU in  I'D    «  »U  Wl 

C'<mriu-^t  H'tiidale' 1  10    A    IM 

£im«— Uocklan'1,  roinmon 1  W    a 

Korkl;in<l,  nnl-hing 1  3(1    » 

LuinDti — ■iouuierj  pTie 20  JO    a  32  Ou 

Wblie  pine  box  boards l.i  'JP    a  18  00 

White  pine  merctaan.  box  board>.  1^  00   a  21  00 

("Inarnlne ^^  10   «t  a  iia 

OakaLdash ..  S8  00   a  »i  00 

BUckwulnut W  Ou    @  !0  00 

bnrure  boarilB  A  nlanka IS  00    tit  ii  W 

Hemlock  hoardf  4  pliinVs 16  no    a  ' 

JITatte— '.OdlUd.'-om.roa  ft  sbv  keg    S  00    a 

Clinch, ixto  Sln.&longur 4  ^0 

"---  -    -    a 

@. 
lOX^ 

»  e 
.       1  a 

zinc.  wh..  Amer..No.I.lnolt llXa 

ParlavhltP.RntfllBh.  prime  firold...  135  a 

BOTTKK-(VVholegale  Price")— 

Half  ftrklnsCKast'ii/ 3as  toaelecllonB  HZ  a 

Welsh  tubs,        "        "     lata        ...  2t  a 

Half SrklnsCWest'n)  '•       •'         ....  1»  a 

Welsh  tabs         ...  16  a 

CHKK8K— 

New  ■state  factory,  fair  to  good 11X4 

Western.euoa  to  prime 9    ^ 

COAi.- 

Aathraclte  (by  cargo) 5  T5    a    <  75 

Liverpool  istkb  caunul 1!  50    on  12  00 

Liverpool  house  cannal. 'H  Is  00 

UOFFKB- 
Klo,  ord.oarsoes.noato  days,  gold. 

do  fair,  do        goia. 

do  ifoodt  do        jfold. 

do  prime,  do        KOld. 

JavM.matsaud  ba^s KOlo. 

Native  Oeyluu ttuiti. 

Maracaibo   KOld, 

Laguayra..., Kojd 

St.  iiommgo gold. 

8av>ia111a gold. 

OoBta  Rica    gold. 

COfPKK— 

Bolts 

Sheathing,  new  (over  12  oz;  

Brawlers' (over  IB  07.) 

American  Ingot,  Lake  

COTTON— oee  special  repoi  l. 

DrtUOS  *   OVKS— 

Alnm,  lump 

Argols. crude gold. 

Argols, refined  ...  •• 

Arsenic,  powderHfl •• 

Bicarb. soda,  Newcastle •• 

Blchro.  potash     ' 

Bleaching  powder ..      " 

Brbristone, crude,  per  ton 

Brimstone,  Am.  roll Vlk, 

Cimnhor   refined 

Castor  oil,  8, 1,  in  bond,  VKaL.goId,       76"a 

Canstlc  soda ••       4  2>    ^ 

C'lloratppotawli ••  20Uia 

Bochlneal, Honduras ....      ••  u    a 

Cochineal,  ^lexlcan *         42Xa 

C''eara  tartar "  o4%is 

OnHfths,  Kast  India 9    jg 

Dutch gold .         6  k  a 

Bambler  ••  6    a 

Slnseng cm.    1  15    a 

Qlyc-rlne,  American  pure "  15    a 

Jalap ■•  12    la 

Licorice  paste,  Calabria 26    a 

Licorice  naftte.  Sicily      25    ^ 

Llcorlcepaste. Spanish, solid.,  .gold      20   la 

M»ddi>r.  Ilntch ■'  {).« 

Madder, (Trench ••  g^^ 


lexa 

2IJt<« 

20k'a 
2«  a 

^0    <i 

19X» 

:^  u 

IS  a, 

19  a 

19  a 


23^3 


1851 
20 

aix 

21 

2S 

2!i< 

2IX 

21 

18  X 

21 

21 

SI 

3U 
31 
2JX 


17 


a 
a 
a 

4  2i    3 

1"X» 
1  EO    @ 
39  W    t,  40  00 

sxa 


1  8-H 


23X 
4  «" 

i\ 
55 
45 
83H 

'ex 

1  m 

n" 

SS 
28 
SO 
8 
_7W 


Wutgulls.hlne  Aleppo u2a        l4 

Oi:  vltnoUBB  degrees) j2a         .v 

Opium,  Turkey  ...(In  bon  I),  gold.       ....f    45^* 


Prns'ilate  potash, yellow,  .^in i^H-k 

Qnlcksllver gold.  71    a 

Quinine cnr.  2  30    a 

Rhnbarb,  China, goo.l  to  pr V  ft.  w    a 

Sal  soda,  Newcastle ^old  1  4o   a 

H'lell   l.ac 46    a 

Soda  ash,  ordinary  to  good gold  2  00    a 

Sugar  of  lead,  white 18    ^ 

Vitriol,  blue, common *  R},a 


K13H- 


50 
S2V 

1   5(1" 

1  50 
60 

2  50 


Store  PncfH. 


Oeorge's  and  Gran  1  Bank  cod 4  75 

Mackerel,  No. '.,  shore  (new) 26  00 

Mackerel,  No.  1.   May       

Mackerel,  No. '1.  shore  (naw) ',  16  00 

Mackerel,  No.  a.  Bay .„ 

fLAX-  "» 

North  Klver,  pr;me *  ft        15    a 

'BUIT- 

Batalas.aeaoiess.  new... 0  00   a 

do      Layer,  new 2  go    a 

do      ttultanji.  new 14 

lo     Valencia,  new 

€0     Loose   Muscatel, new '. 

Unr  r^nts,  new 

Ultron.Leghorr,  new 

•runes,  Turkish 

do        French, new 

Daie^,  new    

Clirs,  new "' 

Canton  Oluger  91  case. 

Sardines,  V  hf.  box cur 

Bnr'iin'^s,*  or  n»ix '•  ' 

Macaroni,  Italian 

Domefittc  Dried— 
Apnies,  Southern,  sliced,  1875  crop. 

do  •*        quarters  

do       State, slc"l 

do  do    quarters 

do       Western,  qnirters 

Peaches. nared  Western 

do       do   O  I.  goo  I  a'ld  prime 

do       d'     N,  Ca  oliiia,  nrlme.  ... 
do     unparert.  nalvesand  qrs, ,. 

Blackberries  .new ' 

RisnberrlcB.  new \ 

Cherries 

Plums  

HICMP  AND  JUTE-  

AmerlCHU  drertsed ))  ton.  1<I0  ^Q 

A-n-.ricai,  undressed 135  00 

flassla.cleaa gold. 220  00 

Italian ••    26000 

.fantla Vn     •*  7 

Sisal 

•nt,e 


M    6  25 

a 
a 
a 


a 

9X» 

:  10   a 
...  fa 

6kia 

7X® 

■  » 

13    (9 

....% 

14X» 

10  a 

,9X9 

ii  % 

10  @ 
...  & 
....a 

1-1    la 

I'S* 

11  la 
32  a 

21    at 


2  8'i 
HX 


II 

1  01' 
22  X 
11X 
14 

10X 
III 

12 


GDH.'JIRS.— See  report  uooor  Cotton. 


13 
UX 

19        .13 

«        -.'S 

a     20 
far-,  no 

®14O00 
a225  00 

as^soo 
«        'X 

s 

6 


OONPOWDKR- 

BLaSTINS,  rOR    BAILBOADS,  AC. 

Poda,  ary  B.zeg'alu,  lu  2jn>  k.gi t2  50 

Saltpetre         do               do        too 

BPORTINQ. 

Klectrl-,  Nos  1  to  5gral .,  in  1  B  sq.cant ion 

IMamund  grain,  1ti  lD>ca<is 1  OO 

draiige  light  lug,  No<.  1 1  <  7,  <n  In  cans 1  00 

S  ipcrfl   M  caifl.-  spor.in/.  In  1ft  ov«l  cans 7ii 

Amen  an  so'triiiig.  In  lit> -val  cuns  70 

Ura-geduck'ng.  Nos.  1  to  5.  in  : ft  pans  70 

»iiksh  oilng.  .N  s.  1 1 .  5,ln«Xft  ke<B 3  44 

Et;ic  duck  (.hootl  'If,  No'.  >  tns.  In  ^^  ft  k  gs  3  41 

Ural  ge  'lucking.  Nos.  I  toS.  IQ614  ft.  ketfs    .  8  14 

Kag'e  men  siiootlnc.  N'O'.  1  tj  8. 1'HB  kens,  6  SS 

Duck  fhoot'n?,  .-OS.  1  to5  gr.,  liXfts 8  98 

Hazar  I'KKe  tilC'<y  r  flc,  1        vallftc^ns 45 

I'upon  '8  rifle   Kg.  F'".',  FFFg  1ft  can 41 

Kuponfs  '  fl^,  FK<.  KhtV.  6)^Bb ,  .  I  41 

Hazard's  Ken  uck  ■  rifle.  FKKg,  FKg,  and  Sea 

"' " 1  45 

gs 2  62 


Shoot  ng  I-'g.   6X ft  kegs 

Dnp  mt'    rifle,  FKg,  KKKg.  l.'ijtt  k  • 
Haxa-.l'BKe   lutkr  ■ '11  ■,  frFf.VI 


Shooting  Kg,  r.'x  ft  k'  

r  n !,  Kg,  K  »  g,  F  F  r  g.  2Sft  ke  .-s 


KFg,  and  Sea 


2  62 
4  75 


16 


a 
...  a 
.  .  a 
...  a 
loxa 
...  a 
10  a 

9XS 

iixa 

...  a 

9iie 


24 

i9" 

vo' 

19' 

i3X 

14 

IX 


Orang    „,     -  „,  -     -  ^- ._  

Haz  ,r  I's  Kentacky  r.fle.  Kg,  PKg,  FFFg,  25ft 

i-egB 4  75 

Dnpont'    rlflcln  2jn  kegs 4  73 

UiV- 

Shlon'ni.    ..      »ini»  65i        70 

aiDKS- 

i>rtf— BuenoB  Ayrea,  selected,  gold       i<f    a 

-Montevideo,  do....  **  20    a 

Corrlentes,  do....  '■  IS    a 

Ltlo  Grande,  do....  "  ...^ 

Orinoco,  do....  '■  19X* 

California,  do...  ■•  20    a 

Matam.  and  Mex,  as  tbey  run  "  is    a 

Maracaibo,  do....  •■  16X3 

Bahla,  do...,  ■■  16)^3 

/>ry»Sa««d— Maracaibo,  do....  " 

Chili,  ;!o....  •' 

Pernamhuco,  do  ...  '• 

Savanllls,  do....  '• 

Babia,  d. ■■ 

Tr«(.^ol*«d—Buen.  Ay, selected  •• 

Para,  do  ...  •• 

California,  do...  •■ 

Texas.  do  ...  cnr. 

4.  /.s<oc*— Calcutta  slaught...  gold 

Calcutta,  dead  green ** 

Calcutta  buffalo '• 

IKO.N-- 

Plg,  American.  No.l 23  00    a  24  00 

Pig,  American,  t.o. 2 21  K'    fts  2?  00 

PIS,  American,  Forge IT  no    (ft  20  I'O 

Pig,  Scotch    ,..29  00    ra  33  PO 

Store  Prtcen, 

Bar,  Swedes, ordinary  sizes    13JM10    fitMO  (0 

Scroll 77  50    @122  50 

Hoop 82  5(1    ai3j  .■io 

Sheet,  Ru-sia.  as  to  assort gold.       12V(3       13 

Sheet,  single, double  &  trenle.  com.        4X(a         t\ 

Ralls,  English goU:,  In  bond.  »">  00    a  31  on 

do    new.  American car.  45  00   a  50  00 

LF.An_ 

Ordinary  lorelgn *  100  lbs,  gold  7  12X1*     .... 

Domestic '■     5  95    a    6  CO 

Bar 8X  »•     .... 

Sheet 9X®    .. 

LEATHKR- 
Heralock.Bnen,  A'res.h..ra.ftl 

"        California,  h.,  m   A  I 

*'       comm'n  l'ide,h..  m.  &  I 

"       rough 

SlanghtT'^rop 

Oa'f    rotigh 

Texas,  crop. 

MOI.ASSffP— 

Cuba,  centrifugal  and  mixed. 

Cuba, clayed 

Cuba,  Mns.,  refining  grades 

do       do     grocery  grades 

BsrbadocB 

Demerara 

Porto  liie.o 

N.  o.,f^ir  to  choice  new w  gal. 

NAVAi.,  STORKS- 

Tar,  Washington 

Tar,  Wilmington   

Pitfih.  city 

Spirits  turpentine 1^  gal.       — a 

Rosin,  str  'Ined  to  cood  strd.V  bbl.    1  70    & 

••     low  No.  1  togo   d  fo.  1 5  75    a 

••      low  No.  2  to  gf,o  1  No.  2 1  90    a 

"     low  pile  to  extra  pale 3  75    A 

'•      wlLidowgla-s 7  00    a 


25  a 

2H 

^!X« 

27 

24  a 

2K 

25  a 

26 

31  a 

.15 

26  a 

i9 

31   a 

34 

4xa 
sx* 


22  «?. 

30  a 

so  a 

34  a 

31  TJ 

37  a 

40  a 

55  a 

2  12X  J 


4S 
50 
62 

2  25 
2  25 

2  1^X 

1  fO 

3  50 

5  i5 


OAKtJM— navy  to  best  quality. ..V», 
on.  CAKF.— 

City.  b;ig gold    .. 

Western .cnr.  45 

01L8- 

Cotton  see-i.  crude    

Olive,  m  ea^ks  ¥  gall 1 

Linseed,  casks  an i  bbls. 

Menhaden,  prime  L.  1.  Sound 

Neatsloot 

Whale, bleached  winter «.... 

Whale,  Northern 

Sperm, crude 1 

Sperm,  bleached  winter 

Lard  oil.  Winter 1 

pgTBOLKnM- 
Crude,  in  bnlK 

ReOned  .*  standard'  white '.[','.'.'. 

Naphtba.Clty,  bbls 

PHIIVISIOUS- 

Pork  new  mess Vbbl. 

Pork, extra  prime " 

Pork,  prime  mess  old ** 

3e,el, plain  mess, new " 

Ueef.extra  "'—*»,    "    " 

i^rtof  liai'iB.Wes'.  sum. cured..    " 

Ha.n8.»mokno _  ...»  ft 

Lar  ,  City  steam 

KICE- 

(■,nroI'tiR,fHlr  to  choice 

Louisiana,  good  to  prime . 

Rangoon.  In  bond gold. 

Patna 

SALT- 

Turks  (stand 

«'.  Martin's 

Ltveroooi  .vsrioua  torts V  sack. 


7xa 


9* 


..    a  42  00 
so    a  46  00 


52Ha 
:7x« 
CO  a 
41  a 
81  a 
15  a 
w  a 
CO  a 

OS  a 


53 

1  20 

63 

48 
1  2(1 

80 

1  63*' 
1  85 
1  05 


7   a 
l«Xa 

9xa 


21  25 

16  00 
20  00 

11  5(1 

12  .50 

22  25 


19X 

12X 
10 

22  25 

I  16  50 


ill.K- 

Ts.itlee,  NoB.  1  to  4 *B  5  00 

Tsatlee,  re-f-eeled 4  75 

Taysaam.Nos.  I  &2 1  60 

Canton,  re-reeled  No.  ICotugonn..  4  75 

8PBLTKU- 

Forelgii '.€0  ft.gold.  1  15 

Domestic cnr.  7  85 

8PICKS- 
Pepper,  natavla gold 

do         Singapore 

do         white 

(Jasslu,  China  I.lgnea 

do       Batavia 

GIniter   Alrlcan 

do      ualijutta 

Mare  .- 

N  ittitiegs.  Balavla  and  Penang 

Pimento,  Jamaica 

Cloven 

do    stems  


5  75 
5  50 
5  141 
5  to 

7  40 

740 


'-i  22  50 
15X 


14X* 

«Vai  7V 

I  60    '<>  2  65 

6va  7 

....8  25 

....•a  80 

1  55    a  2  60 


....a 

isxa 

2M9 

'2.>xa 

'<2  a 

lova 

*xa 
1 10  a  I  I'x 
1  no  a  1  05 

i3xa 

46    w 

i6xa 


IX 

■a" 


It 


SPIRITS- 

Brandy,  foreign  brands 9  «ui 

Rum — lam., 4th  proof " 

St.  Croix, 3d  proof " 

Olu •■ 

Domestic  Iftf 'iora- Cash . 

Alcohol  (Wperct)  C.«  W cnr. 

Whiskey " 

8TKEL— 
Kngllsh,ca8l,2d&lst  quality  ^-npold 
Kngtlsh.  spring,'2d  tt^  1st  quality..  " 
Kngllsb  blister, 2d&  Istquallty..  " 

EnullBli  machinery " 

English  German, id  A  1st  quality  •' 

American  blister cur. 

American  cast.  Tool 

American  cas.t  spring 

American  machinery 

American  i»erma?^  spring 


8ALTPBTRK- 

....'a 

....a 
2xa 

It  a 

2  80   a 

SCO  a 
....   a 
....  a 

Crude „ gold 

Nitrate  soda " 

8FCKD- 

Clover,  Western fi  ft. 

Timothy 9  bnlb. 

Hemp,  foreign 

FUl, rough 

Linseed  Calcutta*  56ftgola  (Ume). 

SX 
2H 

nx 

280 
2  Oi 

1  60 

2  10 

u 

4» 

17 

gold . 

8  50  a  15  00 
»  6i  a  7  00 
3  15  a  »  65 
80O    a    8  39 


2  25 
1  19 


Store  Price*. 
i4Sw.  17 
6\a 
9     ' 


lOX® 

loxa 
...    a 


8UGAR- 
Ouua.inl.to  com.  refi^'ng  .  ... 

do    falrtofcood  refining..  .. 

do    prime,  refilling 

do    lair  to  good  grocery 

do    centr.lihds.  &  bx6.  Nob.  ( 

Moiasses,  blids  &  bxs 

Melado 

tlav'a,Box,0.  B.  Nob.  i@>...  . 

do  do         do    10ai2 


do 
do 
do 
do 


do 
do 
do 
do 


do  13@I5.... 
do  16al8.... 
do  li-iafu... 
white  ... 


Porto  Rico, refining, com.  to  prirte. 
do         grocerv.  fair  to  choice.. 

Brar.ll,haga,D.S.  Nos.  9all 

Java,   do.  D.S..  No«.  lOflVi 

Manila,  superior  to  ex.  sup 

N.  o..  refined  10  grocery  grades 

Refined— Hat  A.  crushed Vtt 

Hard,  powdere:! 

do      grannlateu 

do     cut  loat 

Soft  white,  A   standard  centril... 

do       di.      olf  A 

White  extra  C  

Yellow      do       

Other  Yellow 

TALLOii-- 

Prltneclty,  •  ft '. 

Western,*  ft  

TEA— 

Hyson,  Common  to  (air cur, 

do     Superior  to  fife 

do     Extra  fine  to  finest -,. 

do      Choicest 

Vonng  Hyson, Con,,  to  fair 

do  Super. iu  fliie 

do      Kx.flneto  finest 

do       Choicest 

9unpowder.com  to  fair 

do  Snp.tofine 

do    Ex.  fine  to  finest 

do    Choicest 

[mperial.Coii'   to  fair 

(;o        Sun.  to  fine 

fio         Kxlralnetofinest 

Pyson  Bkin.A  Twan.  com.  to  fair. 

do  do       Snp.tofine 

do  do       Ux  finetodnest 

Uncolored  Janan  , Com.  to  talr 

CO  Snp'rtotine 

do  Kx.fine  toflneBt 

Oolong,  Common  to  talry««« 

do     Superior  to  fine 

do     Kxfineto  finest 

do     Choicest 

Souc*  Cong..  Com.  to  fair 

do  Sup'rtoflne 

do  Kx.flneto  finest 


7>,a 
8X« 

S5<a 

7xa 
5  a 

Tkit 
fxa 
9  a 

loxe 

7sa 
PKa 

8J«® 

7xa 
...a 
11  a 
loxa 
.  ..a 


14 

11 

nx 
9 

16 
10 

11 


1^ 

lox 

v\ 

lOK 
bX 
fX 
8X 
*% 
8X 


lOX 


....gold. 


TIN- 

Banca 

Straits 

English.... ■ 

Plates.!.  C.charcoal 

Plates.char.terne " 

TOBACCd- 

Kentucky  Ings,  heavy 

••  leaf,      "      

Seed  leaf— Connecticut  wrappers "TS 
••  (^onn.  &  Mass.  fillers.  *73, 

Pennsylvania  wrappers. '72 

Havana,  com.  to  fine 

Manufac'd.tn  bond,  black  work 

"  ••    bright  work 

WOOL— 

American  XX Vft 

American,  Nos.  1  &  2 

American, Combing 

Extra,  pulled 

No.l.Pnlled 

California.  Spring  Clip- 
Superior,  unwashed 

Medium 

Coarse 

Bnrry  • 

South  Am. Merino  nnwashed 

Cape  Good  Hope,  unwashed 

Texas,  fine 

Texas, medium 

Smyrna, unwashed  gold. 

ZINC— 
Sheet *  Il,gold,ne 


FREIGHTS— 

ToLlTMEPOOI.; 

Cotton *  ft. 

Flour *  bbl. 

Heavy  gooilB.  .Vton. 

Oil 

OomblkAbga.  *l>u. 
Wlinlt.  bLlK  A  bags. . 

Beet V  tee. 

Fork *bbi. 


10   a 

irX 

sya 

10 

9,Xi* 

»% 

9Ka 

8xa 

SH 

...a 
9xa 

1^ 

2t  a 

S2 

34  a 

43 

4:  a 

6? 

75  a 

B5 

•-■9  a 

r2 

37  a 

62 

60  a 

75 

90  a 

1  10 

28  a 

f5 

40  a 

52 

60  a 

77 

1  (0  a 

1  20 

27  a 

33 

.w  a 

ta 

58  a 

64 

23  a 

21 

2i  a 

27 

Nominal. 

S7  a 

89 

4«  a 

94 

60  a 

74 

25  a 

RO 

35  a 

60 

55  a 

70 

85  a 

95 

•25  a 

fS 

SS  a 

!0 

15  a 

77 

.'3 

MU 

'.iv.% 

»% 

111i4« 

7  2.5   a 

7  60 

6S7X@ 

723 

8  a 

9 

9X® 

IS 

20    @ 

65 

7   .a 

8 

18   a 

!« 

(C  a 

1  06 

1;  a 

PO 

25  a 

60 

43  « 

IS 

43  a 

so 

.55   a 

6'. 

•in  (* 

44 

iO    m 

EO 

26  a 

82 

26  a 

SO 

22   a 

29 

19  a 

•a 

....a 

.... 

.'•5    m 

(8 

23    et 

J.l 

20  a 

.13 

18    a. 

•iS 

^■ST»AM. . 

. SAIL. 

?.  d.    ».  <r. 

..  a.        «.  '< 

....  a   7-ie 

...  a     9-1* 

4  0  (%    .. 

30      .     ... 

so  0  s  55  0 

25  11    a    32  6 

50  n    a.... 

35  0     • 

10   a..... 

9   a 

10X».... 

9    «     .... 

86      »... 

90  a  ..,. 

6  9   a.... 

8  6    •>    .. . .  • 

xmtlt 


HUNT'S    MERCHANTS'    MAGAZINE, 

REPRESENTING    THE    INDUSTRIAL    AND   COMMERCIAL   INTERESTS   OF  THE   UNITED    STATES 


VOL.  2i. 


SATURDAY,  DBCEMBBR  11,  1875 


No.  546. 


c  o  N  T  e  K  r  8 . 


tMtmn  oClfca  SMlawJ'Buk- 
A  raUorai    Sptdkc '  'uii'iV '  M 


Rallfoad  Bmlin  la  !(ot.,  ud 
fraai  Jan.  I  IoDm.  1 

M  ua«T  Mwkal^  U.  •.  fttnritlM, 


THI  CHBONICIX. 

UIMt  Mn«»«irT»»dOllW«B  rli  I 

■■ClWlIt«w* M 

Rnort  of  llM  SwraiMT  of  Ik* 

TraHwy     no 

RMOct  of  tbr  CoapCrallOT  of  U« 

CnnKT SM 

OoaoMRUl  tB4  MtttUaawM* 

Raw* „ 5« 

THK  BAMUtSS*  OAJnTTB. 


Mi 


&<7 


TBI  OOHMBMUIAL  TDUB, 


Dfatscti* 
•a4  SMU 


MA 


■  ui'SMidi     BM 

oiiri 


Couoa. 


nil 


OryOooda. 


r.i 


9ri)c  dhroniclj. 


TlBCOMMBaCtAL  AMD  FMAXCIAI.  CnUWICLB  U  tMvW  M 
rf«ir  aMra^,  with  tJU  I^UM  imm(  «f  to  attdnt^Ax  •/  ^VMaf . 


ruBi  or  laiaeupiiMi-rATAaiia  ni  AOTiaox. 

Taa  OaaaaaeuL  AmoraAmaut.  C— niaa.  Mlnnd  bjr  Mnl«r  la  iltr 
•  1  becrlkm.  tad  aalM  ta  an  a<k«K 


r«r  Oaa  Tmt  Qa^ailf  pa 


acaV. 


>V* 


.f. 


SulMeHpUoBa  vtlt  b*  eoaUaa*!  aatU  acd«r«d  Mapped  tp  a  wpitiM  *n(«r 
»rmiM» fwMtmnai  •#».  Tk«  I^rt4u>»«  caaaoi  b«  rtapnailhta  fa*  BmbII. 
taacOT  aalaa*  aad*  bj  Orafu  or  faal  (>■**  MoMp  Ord*(ab 

A' 


Tnaaiaat  tdr«fti**B*al*  •*•  pal 
UMttlaa.  bat  «lMa  d«<laHa  aidm 
llbOTal  dtMOMit  U  aMd*.  Xo  pnadM  of  ■aadaaaa*  pahltatiM  la  tk*  b«t 
•Ue*eaa  b»glT«a.aian  «d»«rtf««ri  aa**  h»»a «na»l  eppaciaaltf**.  •  tateial 
Medera  la  8*ak>«  aad  naaadat  calaan  «  eaau  p«' (tea.  aacfe  laaattfoa. 

■■•■4*«  ea«a. 

Tba  taadoa  odte*  et  IhaCnomcLa  I*  «t  No.*  AuUa  man.  OU  BroU 


Mfaai,  tabar*  aahacrlptleaa  aia  Immb  at  Iba  rollowlag  rataa : 
A«a«al  BabaCTtatloa  to  tba  — 
■la  aMstb*'  fabaerlpUea 


Aaaaat  ■abaeriolloa  to  tba  Cfaraalda  (todadlM  paaUga) 


.«   t*. 

■    1   S*. 


vnu«a  a.  »*■«.   I 
«aaa  a.  rurro,  /a.  f 


wnxiAM  ■.  DAWA  k  OO..  raWtabaia, 

T»  aad  •!  WUUam  ttnM.  NKVT  TORS. 
Parr  Omct  ri.i  4  "M. 


)\M  1« 


9^  A  aaat  tla^Drar  U  fanilabad  >t  M  canu ;  pnatMa  aa  tba  i 
aa.    Toiaaaaboaadraraabaerlbcfaat  It  M. 
iV  A  wanlata  Mt  of  tba  CoaaaactAi.  amo  TaAXctkt.  Caaoawc*— Jal  j 
,  lo  data    la  for  aale  at  tba  odtea.     Alao  oaa  iai  of  Heart  MaacaAara 


M^aAan^  urn  lo  mt,  alxtj^braa  Tnla»«a. 


jry^  Bialaaaa  Dapartaaat  of  tba  Caaaaau  I*  raiaaawlad  amoof 
naaadal  (ataraau  la  Naw  York  CItr  br  Mr.  Frad.  W.  Jaaaa. 


THB  PRRSIDBin  IKJSiGE  ,\D  TUB  FlinCIlL  DOCUBMS. 
In  lb«ir  finAnci«l  upecta  the  President's  Mntnge  and 
tlM  acoompanying  reports  hare  been  anhjected  to  a 
•carehiog  and  severe  acmtiny  throngboot  the  country. 
The  critical  condition  of  oar  national  indiutry,  the  tmn- 
tition  of  our  monetary  system  towards  specie  payments, 
the  funding  of  the  debt  at  a  lower  rate  of  interest,  the 
enforcement  of  governmental  economy  and  a<Iministra- 
tive  reform,  have  taken  so  deep  a  hold  of  the  public 
mind  that  the  documents  before  na  are  to  be  tried  by  a 
higher  standard  than  those  of  previous  years.  How  far 
the  Treaauiy  reports  are  able  to  pass  this  ordeal  our 
readers  must  judge  for  themselves.  The  reports  of  the 
Secretary  of  the  Treasury  and  of  the  Comptroller  of  the 
Onrrency  are  volnminons,  and  will  be  found  in  another 
partof  thbiarae.    To  them  we  devote  so  much  of  our 


space  that  we  must  refrain  for  the  present  from  any 
detailed  examination. 

General  Grant's  Message  offers  several  noteworthy 
features.  It  is  distinguished  by  its  suggestive  illnstra- 
tions  of  the  energy  with  which  our  citizens  are  devoting 
themselves  to  the  study  of  economic  science.  This  is 
one  of  the  most  hopeful  symptoms  of  the  present 
crisis.  It  is  no  secret  to  those  who  have  opportunities  of 
conversing  with  the  President  or  his  numerous  circle  of 
acquaintances  and  correspondents  tliat,  for  years  past, 
some  of  them  have  been  ardent  students  of  financial 
history,  monetary  science  and  political  economy.  Letters 
are  oocasionalty  allowed  to  see  the  light,  of  whose  vigor- 
ous style  of  thought  and  expression  we  are  reminded  by 
the  opening  paragraphs  of  this  year's  Message,  in  which 
a  brief  and  graphic  sketch  ia  given  of  the  productive 
growth  of  the  nation  during  the  last  century.  It  is  a 
significant  commentary  on  this  historical  Bur%'ey  of  the 
national  industry  that  our  export  of  certain  manufactures 
ia  jnst  beginning  to  attract  public  attention  ii  England, 
in  Fraoee,  in  Continental  Europe,  and  oven  in  the  distant 
colonies  of  Australia. 

Aa  to  the  financial  statements  of  the  Message,  they 
arc  brief,  pertinent  and  sound.  After  recapitulating  the 
Rudget  figure*,  as  given  in  the  report  of  the  Secretary 
of  the  Treasurj",  the  President  takes  up  the  subject  which 
is  the  most  prominent  in  the  public  mind  at  present, 
that  of  specie  ^ttjnents.  The  recommendations  offered 
for  the  consideiwlon  of  Congress,  with  a  view  to  facili- 
tate resumption,  are  aa  follows  : 

1.  A  rapaal  of  «o  macb  of  the  Leiral- Tender  Act  aa  makes  these 
notta  larslTabla  lor  debts  contracted  after  a  date  to  be  fixed  Iq 
tbeaet  Itaelf— aay  not  later  tban  tb*  lit  of  Jaonary.  1877.  We 
nlioald  tben  barn  qootatioDi  at  real  valoea,  not  flcUtloai  ones. 
Oold  would  ao  loo^r  be  at  a  premiam,  bat  curraaey  at  a  dis- 
criuot.     AT'" 


L  baa)lbp  reactioo  would 
dctira  la  ■rt^i*  < 


set  in  at  unce,  and  with  It  a 
currency  rqual  to  what  it  purport*  to  b«.  The 
mercbaata,  mannfirlnrnr*  and  tradc«men  of  everj  calling  could 
du  bnalnaaa  oo  a  lair  margin  of  prnlii.  the  Doner  lo  l>e  reaeived 
having  an  unTarftng  vala».  Laborer*  and  all  other*  who  work 
for  a  attpalaled  par  ofn\».rj  would  re«a4ve  more  for  their  iaoome, 
becaasa  extra  proSta  would  oo  longer  be  charged  bj  the  capital 
iat  to  «ompen*ate  for  tbe  ritk  of  a  downward  fluctuation  in  the 
valua  of  ibe  rnrrrncj. 

2.  That  the  Sacr-tary  of  the  Treaaurjr  be  anthorir«d  to  redeem, 
aay  nol  to  exceed  |2.000,000  monthir  of  Icfiraltaudur  note*,  by 
i*aala*lB  tbair ite»d  a  lon^  bond  bearing  interest  at  the  rate  of 
36  8-100p*r  oeat.  per  annum,  of  draaminationn  ranging  from  $50 
to  $l/)00  each.  Ilii*  would  in  time  reduce  the  legal-trnder  notes 
to  a  Tslame  that  could  b»k«pt  afloat  without  demandlog  redemp- 
tion la  large  anm*  suddenly. 

'■i.  That  additiontl  power  be  given  to  the  Secretary  of  the 
Treasury  In  aocnmnlate  gold  for  Boal  redemption,  eithnr  by  In- 
craaateg  tha  revenue,  curtailing  azpenaea,  or  both.  It  ia  prefera- 
ble to  do  both,  and  I  reoommesd  that  a  reduction  of  expenditure* 
b*  made  wherever  It  can  be  done  without  impairing  Oovernment 
obligation*  or  crippling  the  dua  axecntion  tbareol.  One  measure 
for  iacreaaiog  the  revenue,  and  the  only  one  I  think  of,  is  the 
rectoratton  of  the  duty  on  tea  and  eoffee.  Thaae  duties  would 
add  probablr  $18,000  OOC  to  the  present  amount  received  from 
imports,  and  would  in  no  way  increase  the  prices  paid  for  those 


546 


'IHE   (HllONlGLE 


fDccember  11,  1875. 


ariicles  by  the  consunierg.  The  articles  are  the  products  of 
coumries  collecMDg  revenue  from  export*,  and,  as  we,  the  lart^est 
coDsuuiera,  reduce  the  duties,  they  proportionally  increase  then. 
With  this  artdiiion  to  the  revenue  rnnny  duiirs  now  collected  and 
which  K've  but  an  iufi'inificant  return  for  the  cost  of  collection 
might  be  remitled,  and  to  the  direct  advantage  nf  cousuuiors 
at  home.  I  would  nieniion  thoiie  ariicles  which  enior  into 
manuf»ctur«B  of  all  aorta.  All  duties  paid  upon  such  articles  fro 
directly  to  the  co.it  of  the  article  when  manufactured  here,  and 
muft  be  paid  for  by  the  consumers.  These  duties  not  only  come 
)roui  the  consumers  at  home,  but  act  as  a  protection  to  foreign 
manufacturers  ol  the  same  completed  article*  in  our  own  and 
distant  markets. 

Some  further  suggestions  are  made  by  the  President, 
which  are  summarized  at  the  close  of  the  message  in  the 
comprehensive  principle  that  "  Congress  should  enact 
such  laws  as  will  ensure  a  speedy  return  to  a  sound  cur 


DEFENCE  OF  THE  NATIONAL  BlNKIXG  SYSTE-H. 
Mr.  Bristow,  in  his  report  oA  the  Treasury,  calls  atten- 
tion to  an  argument  in  defence  of  the  national  banking 
system  prejiared  by  the  Comptroller  of  tlie  currency.  The 
argument  forms  a  conspicuous  feature  in  the  thirteenth 
annual  report  on  the  national  banks  which  appears  idse- 
wherc  in  to-day's  Chuoxicle.  This  part  of  the  Comp- 
troller's report  will  be  read  with  special  interest  for 
several  reasons.  The  national  banking  system  is  enter-- 
ing  upon  a  new  and  very  trying  period  of  its  develop- 
ment. The  rapidity  with  which  its  past  growth  has 
been  made,  forbids  the  belief  that  some  of  its  members 
may  not  be  weak  and  unsound.  Moreover,  the  enormous 
rency,  such  as  will  command  the  respect  of   the  world."    pressure  to  which,  for  the  next  two  or  three  years,  the 


It  is  not  necessary  in  this  place  to  analyze  the  value,  or 
to  estimate  the  chances,  of  the  plan  of  legislation  offered 
by  General  Grant  for  supplementing  the  specie  payment 
legislation  of  last  session.  One  thing,  however,  is  abso- 
lutely certain,  the  Treasury  can  not  move  any  faster  along 
the  path  of  resumption  than  Congress  chooses  to  move 
by  legislation.  Some  persons  have  been  rash  enough  to 
recommend  that  if  Congress  will  not  act  in  favor  of 
lesumption  the  Secretary  should  himself  act.  They  say 
he  should  do  various  acts,  and  should  claim  dubious 
powers,  so  as  to  push  forward  the  work  of  resumption 
without  the  aid  of  Congress.  Such  a  policy,  apart  from 
its  violation  of  constitutional  principles,  is  forbidden  by 
the  letter  and  by  the  spirit  of  our  legal  tender  legislation 
from  1802  to  the  present  time.  The  responsibility  of 
restoring  specie  payments  rests  ultimately  upon  Con- 
gress. It  is  in  vain  to  attempt  to  elude  their  duty.  The 
people  hold  Congress  responsible,  and  General  Grant  has 
done  a  wise  and  timely  act  in  presenting  this  responsi- 
bility of  Congress  in  a  bold,  clear  light.  lie  shows 
that  the  duty  of  Congress  in  this  matter  of  specie 
resumption  is  a  present  obligation  that  will  not  be  thrust 
aside,  but  must  be  promptly  met. 

Finally,  there  is  another  point  which  is  equally  clear. 
If  specie  payments,  as  the  nation  desires,  are  to  be 
resumed  in  1879,  and  if  Congress  is  responsible  for  the 
accomplishment  of  that  great  monetary  reform,  then  two 
things  by  way  of  preliminary  preparation  are  incumbent 
upon  the  national  legislature.  First,  Congress  must 
provide  a  coin  balance  of  adequate  dimensions  for  the 
redemption  of  the  greenbacks  when  the  time  of  redemp- 
tion shall  arrive;  secondly,  they  must  provide  for  the 
previous  conversion  of  a  part  of  a  greenback  aggregate 
into  long  bonds.  Both  these  expedients  are  forcibly 
urged  in  the  above  quotation  from  the  Message  of  the 
President,  who  recommends  that  the  first  be  accom- 
plished by  the  restoration  of  the  tea  and  coffee  tax;  and 
the  second  by  the  issue  of  3-65  per  cents  ;  not  intercon- 
vertible bonds,  but  long  permanent  securities.  By  these 
and  some  other  fitjlegislative  expedients,  President  Grant 
is  of  opinion  that  the  Treasury  must  be  empowered  by 
Congress  during  the  present  session  to  advance  another 
step  alouij  the  path  of  specie  payments.  '  If  this  be  done 
he  thinks  there  is  no  dotibt  that  the  changes  in  our 
monetary  system  may  be  effected  so  as  to  complete  a  full 
resumption  of  specie  payments  three  years  hence,  as 
appointed  by  law.  In  this  opinion  very  high  authorities 
coincide,  both  here  and  in  Europe;  and  to  the  prevalence 
of  this  conviction  in  the  financial  circles,  we  may  perhaps 
ascribe  the  general  disposition  on  the  part  of  our  mer- 
cantile men  to  adapt  their  business  to  the  coming  changes, 
and  the  incipient  improvement  in  the  tone  of  public 
and  private  credit  which  has  attracted  some  notice  of 
late. 


great  fabric  of  our  banking  systent  will  be  exposed,  is 
sure  to  bring  to  light  the  weak  members,  and  to  shake 
severely  the  unsound  parts  of  the  organism,  if  such  there 
be.  For  these  and  for  many  o'her  reasons,  it  was  judi- 
cious in  the  Treasury  officials  to  present  to  Congress  and 
the  country  a  clear,  succinct  sketch  of  the  national 
banking  system,  and  a  defence  of  that  system  against 
the  attacks  which  have  been  made  u])on  it  by  the  advo- 
cates of  paper  money. 

It  is  worthy  of  remark  that  these  attacks  proceed 
chiefly,  though  not  exclusively,  from  the  camp  of  the 
inflationists.  With  few  exceptions,  the  enemies  of  the 
banks  are  men  who  oppose  that  national  policy  of  early 
resumption  which  may  now  be  regarded  as  a  vital  part  of 
our  financial  system.  It  is  these  men  who  desire  to  perpetu- 
ate an  irredeemable  currency  and  to  multiply  the  financial 
mischiefs  which  paper  money  has  fastened  on  the  coun- 
try for  so  many  years;  it  is  by  these  men,  chiefly,  that 
the  recent  attacks  have  been  made  against  the  national 
banks.  And  the  explanation  is  obvious.  In  the  system 
of  redemption,  which  is  a  fundamental  part  of  our  bank- 
ing system,  the  paper  money  men  see  an  insurmountable 
barrier  to  their  favorite  project  of  unlimited  issues  of 
irredeemable  greenbacks.  When  Mr.  Chase  first  pro- 
posed the  national  banking  system,  "redemption,"  he 
said,  was  the  central  pivot  on  which  the  whole  mechan- 
ism was  intended  to  revolve.  In  his  first  report  to  Con- 
gress the  new  system  was  thus  described  :  (1).  A 
circulation  of  notes  bearing  a  common  impression  and 
authenticated  by  a  common  authority;  (2)  the  redemp- 
tion of  these  notes  by  the  b.anks  to  which  they  may  be 
delivered  for  issue;  (3)  the  guarantee  of  that  redemp- 
tion by  two  expedients — by  the  pledge  of  United  States 
stock,  and  by  an  adequate  provision  of  specie  money, 
to  be  held  in  the  vaults  of  the  banks.  On  the  10th  of 
December,  18C1,  this  system  was  proposed  by  Mr. 
Chase,  as  Secretary  of  the  Treasury,  in  his  report  to 
Congress.  The  advantages  of  these  safeguards  of  re- 
deemable bank  notes  he  further  expounded  as  follows: 

"  In  this  plan,"  he  says,  "  the  people  in  their  ordinary  business 
would  find  the  advantages  of  uniformity  in  currency;  of  uni- 
formity in  security ;  of  effectusl  safeguard,  if  efl^ctuai  safeguard 
is  possible,  against  depreciation  ;  and  of  protection  from  losses 
in  discounts  and  exchangfes  ;  while  in  the  operations  of  the  Gov- 
ernment the  people  would  find  the  furiher  advantages  of  a  larjre 
demand  for  Government  securities,  of  increased  facilities  for 
obtsiniog'  the  loans  required  by  the  war,  and  of  some  allevia- 
tion of  the  burdens  on  industry  through  a  diminution  on  the  rate 
of  interest  or  a  pirticipation  in  the  profit  of  circulation,  without 
riskini;  the  perils  of  a  great  money  monopoly.  A  further  and 
important  advantage  to  the  people  may  oe  reasonably  expected  in 
the  increased  security  of  the  Union,  springing  from  the  common 
interest  in  its  preservation,  created  by  the  distribution  of  its 
stocks  to  asBociations  throughout  the  country  as  the  basis  of  their 
circulation.  The  Secretary  entertains  the  opinion  that  if  a  credit 
circulation  In  any  form  be  desirable,  it  Is  in  this.  The  notes  thus 
issued  and  secured  would,  in  his  judgment,  form  the  safest  cur- 
rency which  this  country  has  ever  enjoyed  ;  while  their  receiv- 
ability  for  all  Government  dues  except  customn  would  make  them, 
wherever  payable,  of  equal  value  as  a  currency  in  every  part  of 
the  Union," 


December  U,  1<  75  J 


THE  CHRONICLR 


547 


Fourteeu  years  have  elapsed  since  this  plan  was  pro-  |  their  machines  were  first  projected.  "  These  monsters  of 
posed,  and  during  most  of  that  time  it  has  been  in  active  |  misapplied  ingenuity  will  not  work,"  said  one  clique  of 
operation.  Under  it  we  passed  through  an  exhaust- ,  the  objectors.  "  They  will  always  be  put  of  order,"  said 
ing  war,  and  we  have  since  enjoyed  several  years  of  i  another  party.  "  They  ean  never  accomjilish  this  or 
pT««p«riiy   and   peace.     Abundant   means   are   thus   at    that  or  the  other  indispensable  part  of   the  work  for 


hand  for  testing  the  efficiency  of  this  banking  system. 
It  has  not  Ijeen  limited  to  our  commercial  rich  States 
alone.  It  has  also  been  introduced  into  our  agricultural, 
mining  and  manufacturing  districts.  We  have  tried  it 
in  our  spatwly  settled  Sutes  and  Territories,  where 
economic  development  is  imperfect  and  where  capiul  is 
scaroe;  and  we  have  carried  it  into  the  old  rich  districts 
of  the  country,  where  capital  is  abundant,  where  indus- 
trial life  and  financial  activity  have  reached  their  highest 
maturity.  In  the  North  and  in  the  South,  on  the  Pacific 
coast  and  in  the  great  plains  between  the  Sierra  Nevada 
and  the  Rocky  Mountains,  the  national  banking  system 
has  spread  abniad  its  beneficent  network  of  monetary 
unity  and  organization.     After  a  dozen  years  or  more  of 


which  they  are  wanted,"  said  a  chorus  of  carping 
critics.  And  when  every  foe  was  put  to  silence  by 
successful  achievement,  a  new  cry  arose  that  "  the 
machine  would  prove  too  costly."  Now  this  is  pretty 
much  what  has  happened  in  the  case  before  us.  The 
antagonists  of  the  national  banks  have  ceased  to  rail 
ncrainst  the  safety  of  the  banking  machinery  of  the 
national  system  or  to  charge  it  with  want  of  efficiency. 
Tlieir  argument  now  is  that  it  costs  too  much. 

We  have  no  desire  to  underestimate  the  cost  of  the 
n.ttional  banking  mechanism.  "All  good  things  cost 
dear,"  says  Sir  Arthur  Hel]>s,  "  and  good  government 
cost*  very  dear,  get  it  how  you  will."      We  believe  it  is 

enerftlly  admitted   that,  during  the  war,   the   United 


this  diffuaive  growth  and  unification,  it  i«  quite  right  for  [  Siatea  owed  its  exemption  fiom  panics,  which  were  so 
the  officers  of  the  Treasury  to  set  the  national  banking  liberally  predicted  by  croakers  at  home  and  abroad,  to 
system  right  before  the  oowitry,  and  to  examine  how  ^\^Q  preventive  virtues  of  our  national  banking  system . 
far  the  attacks  which  have  been  made  upon  it  have  any  i  if  ^^g  belief  )>e  well  founde<l,  and  if  this  were  the  only 
validity  or  reasonable  force.  benefit  conferred  by  that  system,  the  machinery  of  the 

Into  the  nature  of  these  attacks  we  shall  not  now  enter 
at  any  tedious  length.  The  Comptroller's  elaborate  dis- 
easrion  precludes  this  necessity.    One  or  two  remarks 

are  all  that  our  space  permits,  and  at  the  outset  it  is  j  ,^^^  greatly  exaggerated 
noteworthy  that  the  objiwtions  brought  against  the  na- 
tional  banking  system  are  none  of  them  new.     They 
were  urged  in   1861,  when  the  redeemable  bank  notes 
were  first  proiKMcd  and  before  the  system  was  adopted 
by  Congress.    These  objection^  with   others,  have  been 
repeated  year  by  year,  until  the  country,  except  daring 
the  recent  grcMibaok  sgiution,  had  almost  ceased  to  pay 
them  the  com|iliment  of  a  patient  bearing.     We  may 
even  go  further,  and  say  that  the  present  objections  by 
which    the    national    banking    stronghold    is    assailed 
are  bnt  a  few  surviving  roeml>eni  of  a  onoe  numerous 
host  of  troublesome    objections.       If    the  reader  will 
examme  the  Comptroller's  report  for  these  objections, 
he  will  find  that  they  do  not  turn  u|>on  any  of  the  viul 
principles,  to  seeuro  which  the  national  banking  system 
was  originally  set  up.     What  are  thete  principles?     As 
Mr.  Chase  tells  us  in  the  abovc-<iuoled  passage,  they 
require  a  uniformity   of    the  note  issues  all  over  the 
country;  a  redemption  of  bank  notes  on  demand,  so  t)>  ' 
the  holders  ohall  not  bo  liable  to  loss;  a  guarantee  ; 
nltimate  redemption  by  the  deposit  of  United  States 
bonds;  and  a  guarantee  of  demand   redemption   by  a 
resene  of  specie  or  other  legal  tender  money  in  the 
cnffen  of  the  issuing  banks.     Such  are  the  main  objects 
with  a  view  to  which  the  national  banks  were  founde<l. 
Beside  these  primary  ends  there  were  several  other 
•ad  subordinate  purposes  which  we  need  not  recapitulate, 
as  thej  are  familiar  and  notorious  to  every  thoughtful 

citiaen.     What  we  wish  to  point  out  for  special  reoog- 

nitioo  is  the  fact  that  the  foes  of  the  national  banking 

system  have  r|aite  ceased  to  bring  against  that  system, 

as  they  fonnerly  did,  the  charge  of  falling  short  of  any 

of  these  fundamental  purposes.     In   this  fact  we  have 

an  implicit  proof,  of  the  highest  value,  that  the  i>ur. 

poses,  for  the  accomplishment   of   which   the   natiunal 

banking  system  was  organized,  have  been  fulfilled,  and 

that  the  great  expense  at  which  it  has  l>ecn  built  up  and 

kept  in  motion  has  on  the  whole  been  joatified.    Viewed 

in  this  light,  the  national  banking  system  resembles  in 

its  history  the  Knglish  locomotive.    Stevenson,  Ericsson 


national  banks  would  have  been  cheap  had  its  cost  during 
the  first  deca«1e  of  its  existence  Wen  twice  as  much 
as  its  enemies  have  ever  estimated.      Hut  their  estimates 

If  proof  were  needed  of  this 
obvious  fact,  the  Comptroller's  report  supplies  it  abun. 
<lantly.    The  fallacy  of  nearly  all  the  recent  arguments 
against   the  national  banks   rests  upon   two  egregious 
•  rrors.     First,   the   emoluments  of   the  national   banks 
and    bank    issues    are  overstated;    and,    secondly,   the 
special  charges  and  the  heavy  outlay  atuched  by  law  to 
those  emoluments  are  altogether  ignored  and  lost  sight 
of.     Everybody  knows  what  are  the  burdens  and  pecu- 
liar charges  which  are  imposed  on  the  banks.     There  is, 
first,  a  rate  of  taxation,  local  and  federal,  heavier  than 
is  imposed    u]>on    any    other    banking  sysl^    in   this 
country  or  in  the  world;  while  secondly,  the  banks  have 
to  keep  an  aggregate  of  cash  reserves,  whose  minimum 
is  enforced  by  law.     These  burdens  are  costly,  but  they 
either  prevent  panics  and  promote  safe  banking,  or  they 
produce  other  results  beneficial  to  the  community.     If 
the  foes  of  the  national  banking  system  would  attack  it 
with  effect,  they  have  two  thing's  to   do.     First,  they 
•  appreciate  more  accurately  what  is  the  precise  sum 
..  ..wl\  the  national  banking  system  actually  costs  the 
country.     When  they  have  arrived  at  an  exact  estimate 
and  can  tvU  how  much  the   nation   expends   upon   its 
vail  and  efficient  mechanism  ef  national  banks,  the  way 
will  be  clear  for  them  to  show,  if  they  can,  that  the 
system  is  not  worth  more  than  it  costs. 


i  IXIFOU  SPECIFIC  DDTY  OS  SUGIK. 

A  special  Washington  dispatch  to  the  Timft  newspaper, 
of  tbe  Sth  instant,  states  that  a  delegation  of  sugiir  im- 
pofften  recently  had  an  interview  with  Secretary  Hristow, 
regnding  sugar  duties.  They  said  "they  understood  him 
to  advocate  the  {tolari ration  tests  as  against  the  Dutch 
st.indard  of  color,  and  to  favor  an  atl  valorem  standard. 
They  opposed  lH>th  propositions,  and  advocated  a  single 
specific  rate  of  duty,  which  would  do  away  with  all  dis- 
putes about  grades  and  standards.  This,  they  claimed, 
would  satisfy  all  ]*arties  in  the  sugar  interest,  and  the 
rate  might  be  fixed  by  Congress  to  suit  the  wants  of  the 
and  their  competitors  were  met  with  incredulity  when   GoTernmeuU"    Tbe  Secretary  replied  "  that  he  had  not 


548 


THE   CHkONICLE 


[December  11,  1875. 


given  much  personal  attention  to  the  subject,  but  said 
Congress  alone  could  change  the  tests,  because  they  were 
distinctly  named  in  the  law." 

Should  Congress  entertain  this  proposition  of  the  im- 
porters for  a  single  specific  duty,  we  presume  the  rate, 
would  have  to  belTxed  at  about  2^  to  3c.  per  pound. 
Uniformity  in  the  tax  would  certainly  be  a  great  con- 
venience and,  as  a  measure  looking  to  the  purification  of 
the  Customs  Service,  specific  duties,  when  practicable, 
are,  of  course,  always  to  be  preferred.  But  such  a 
change  would,  in  this  case,  raise  other  disturbing  ques- 
tions, requiring,  at  the  same  time,  to  be  adjusted.  Thus, 
it  would  be  claimed  that  the  unifoi-m  rate  discriminated 
largely  against  the  bulk  of  consumers,  the  laboring  and 
middle  classes,  while  the  well-to-do  and  rich  would  pay 
a  proportionately  light  duty  on  what  they  use.  On 
melado  or  tank  bottoms,  for  instance,  the  tax  would  thus 
be  something  like  15  to  100  per  cent.,  while  white  and 
refined  would  be  but  50  to  55  per  cent.  Then  again, 
refined  sugar  now  pays  five  cents  duty.  If  no  discrimi- 
nation were  made  in  its  favor,  it  might  be  urged  that 
the  European  refiners  would  at  once  become  formidable 
competitors  in  our  own  markets,  and  undersell  our  refin 
ers  by  introducing  their  refined  beet  root  sugars — s 
poorer  article,  that  is,  containing  less  saccharine  matter 
and  yet  well  looking,  but  which  can  be  placed  on  the  mar- 
ket at  a  lower  rate. 

Considered  from  this  point  of  view,  we  see  that  there 
would  be  some  difficulties  in  the  way  of  immediately 
adopting  this  simple  solution  of  the  questions  raised  with 
regard  to  the  sugar  duties.  On  the  other  hand,  the  pol- 
arization standard  appears  reasonable  and  just,  since  it 
shows  favor  to  none,  and  reduces  the  intrinsic  value  of 
sugar  to  the  precise  measure  of  its  sweetening  quality. 


RAI180AD  EARNINGS  IN  NOVEIBEP,   AND   FROM  JANUARY  1 
TO  DECEMBER  1. 

Railroad  returns  for  November  show  the  first 
general  and  decided  increase  in  earnings  that  has  been 
seen  for  many  months  past.  Several  of  the  most  promi 
nent  roads  given  in  the  table  below  show  an  increase 
in  their  gross  receipts  compared  with  November,  1874, 
which  is  not  merely  nominal,  but  forms  a  considerable 
percentage  on  the  whole  amount.  Only  two  roads 
reporting  can  properly  be  classed  among  leading  trunk 
lines  to  the  West,  whose  earnings  are  expected  to  feel 
the  stimulus  of  increased  freight  and  passenger  rates — 
these  are  the  Ohio  &  Mississippi,  and  the  Michigan  Cen- 
tral, and  the  figures  for  both  (excluding  the  new  Spring- 
field branch  of  the  Ohio  &  Mississippi)  are  nearly  the 
same  as  last  year.  The  leading  Western  roads,  Illinois 
Central,  Northwest,  and  St.  Paul,  are  conspicuous  for 
their  large  increase.  The  Pacific  roads,  including  Kan- 
sas Pacific,  and  Atlantic  Pacific  and  leases,  all  show 
better  figures  than  last  year.  As  to  Union  Pacific,  the 
company's  own  statement  shows  an  increase  of  $106,835, 
but  as  we  always  use  the  actual  ascertained  earnings  of 
the  previous  year  as  a  basis  for  comparison,  whenever 
they  are  obtainable  from  annual  reports  or  otherwise, 
the  table  below  shows  a  small  decrease;  with  the  facts 
thus  stated  no  party  can  be  misled. 

The  much  more  favorable  returns  of  the  past  month, 
and  the  reasonably  encouraging  prospect  for  the  future, 
will  be  hailed  with  satisfaction  by  all  holders  of  railroad 
securities. 

BAn,BOAD    ZAKNIItaS  IR  KOTZHBEB. 

1875.  1874.  Increase.  Decrease. 

Atlantic  &  Pacifict $436,841  $410,938  $25,903        $ 

Canada  Southern* 1P,S,102  72,830  3a,S7X 

Central  Paciflc 1,508,000  1,381,765  126,235            

Chicago  &  Northwestern.     ..     1,319,825  1,065,786  1M,499           

Chicago  MU.  &  St.  Paul 927,000.  «94,«i0  It3%76a^  ...;.. 


Increase.  Decrease. 

2,730 

118,911  

9,508  

18.729  

19,85« 


19,070 

28,«81 

8,Sf;4 

9S,-:70 


11,174 
3,883 


187S.  1874. 

Cincinimti.  Lafayette  &  Chit*  87,589  80.319 

Illinois  Central ';87,854  6fic,943 

Indianap,  Bloom.  *  West 12f,376  118,868 

Inter  atioiial  &  Gt.  Norlhem*  128,046  111,317 

Kansas  I'aciflc 296,703  275.847 

Keoliuk  &  Ues  Moines 56,.5S3  6<i,5.'i7 

Michigan  Central* 398.110  401,993 

Mo.  Kiinsas  &  Te.xas 299,0Ii  379,9)2 

Ohio  &  Mississippit 327,256  298,.'>75 

HI.  L,  Allou  AT. H. (branches)  60,494  46,9:«) 

St.  Louis.  Iron  Mt.  &  Southern  4:i4.012  3S7.742 

St.  L.  Kans    City  &  Northern.  230,826  851,176 

St.  Louis  <fc  Southeastern*  ....  73,255  69,924 

Union  PaciflcS 983,353  1,000,598 

Tola! $8,415,237      $7,587,240 

Net  increase 

*  Three  weeks  only  of  November  in  each  year. 

+  Includes  Missouri  P.>ciflc  Fiailroad  earnings. 

}  These  figures  include  *31,91».  the  earnings  of  the  SprlngBeld  Division; 
earnii  gs  ou  the  main  line  were  $i95,3i7. 

S  The  approximate  flijiires  for  November,  1875.  are  here  compared  with  the 
actual  figures  for  1874.  The  comparison  made  in  the  statement  issued  at  the 
company's  office  is  as  follows:  Barntngs  November,  1875,  $983,3.^8;  1874, 
$876,518;  increase,  $106,8-35. 

GROSS  EABKIKQS   FROM  JANUART   1   TO  NOVEMBER  30. 


8,331 


$883,579 
827,997 


20.550 

17,245 

$55,582 


1875. 

Atlantic  &  Pacific $3,9.39,212 

Central  Pacific 1&,.^94,1S3 

Cin.  Lafayette  &  Chicago*  .. .         855,661 

Illiuois  Central 7,239,008 

Indianap.  Bloom.  &  West 1,166,571 

International  &  Gt.  Northern*      1.105,181 

Kansas  Pacific 

Keokuk  &  Des  Moines 

Mo.  Kansas  &  Texas 

Ohio  &  Mississippit    

St.L.,  Alton  &  T.U. (branches! 
St.  Louis,  Iron  Mt.  &  Southern 
Sf.  Louis  Kan.  City&Nor:heni 
St.  Louis  &  South  Eastern*. 


3,607,052 
741,918 
2,617,229 
2.866,357 
508.663 
3,.307,436 
2,.W7.025 
886,810 
Union  Pacific    10,902,386 


1874. 

$4,610,2.30 

13,15^,479 

403,050 
7,220,285 
1,511.279 
1,081.918 
3,039,196 

6.33,462 
2,89»,5!2 
3,000,946 

506.5  ;4 
2,894.766 
2,337,060 
1.123,094 
9,662,720 

$54,077,531 


Increase. 

^Decrease. 

$671,018 

$2,441,704 

..  . 

47,389 

18,728 



344,708 

20,263 

32,14> 

103,456 

255.263 

134,589 

2,119 

412,670 

•  .   .  *.  ■ 

29,'d65 

238,284 

1,239,666 

$4,268,566 

$1,7^1,41$ 

2,647,161 

Total  $56,624,682 

Net  increase ...... 

*  Three  weeks  only  of  November  in  each  year. 

t  The  figures  for  November  include  transfers  In  both  years,  'while  the 
figures  for  preceding  ten  months  do  not. 
The  following  companies  have  recently  reported  their  earnings  for  October  : 

GROSS  BARHINaS  IN  OCTOBER. 


Canada  Southern 

Houston  &  Tex:i8  Central    .  . 

MicJiigan  Central 

Mobile  &,  Ohio.  .   

Philadelphia  &  Erie 

St.  P.  &  S.  C.  &  S.  C.  &  St.  P. 


1875. 
$150,000 
407.435 
B71,S74 
219,804 
836,014 
117,945 


Total $1,903,092 

Net  increase 


1874. 
$10.3,000 
311,101 
751,596 
242,607 
350,579 
90,953 

$1,849,836 


Increase. 

$47,000 

96,334 


Decrease. 
$ 


26,992 


7i.,722 
22,803 
14,545 


$117,070 


$170,326 
$53,256 

UKOSS   EARNINGS  PROM  JANUARY   1   TO  OCTOBER  31. 

1875.  1874.         Increase. 

Mobile&Ohio $1,367,934       $1,717,764  $ 

St.  P.  &  S.  City  &  3.  C.  &  St.P       651,1.39  694,942  

The  earnings  and  expenses  of  the  Houston  &  Texas  Central  Kailroad  for 
the  month  of  October,  are  shown  in  the  following  statement: 

1875.  1874. 

Earnings $407,4S5  24  $311,10149 

Expenses 154,228  43  150,851  14 


Decrease. 

$349,330 
43,803 


Net $253,206  81  $i60,250  85 

The  operating  expenses  of  the  Missenri  Kansas  &  Texas  RR  for  the  month 

of  October,  were  $148,476,  which  shows  the  net  earnings  to  have  been  $169,898. 

The  not  earnings  of  the  Philadelphia  &  Erie  RR.   for  October,  1875,  were 

$120,265,  showiut;  an  increase  of  $9tK),  as  compared  with  the  net  earnings  of 

$119,28.-!  in  October,  1874. 

Earnings  and  expenses  of  the  Louisville  Cincinnati  &  Lexington  Railroad 
(Short  Line)  for  October  are  reported  by  the  receiver  as  follows  : 

Earnings $118,668  06 

Operating  expenses 75,017  14 

Net  earnings $40,950  92 

Other  expenses  and  liabilities 6,795  07 

Netproflt $31,155  85 


Ka\c3l  fUouetarg  an&  (Eoiitmercial  (Kugligli  Ncira 


RACKS  OF  KXCHjLNGB  AT  liONUON,  AND  ON  LONItOH 
AT  LATBST  DATES. 


EXCHANGE  AT  LONDON- 
NOVEMBER  26. 


Amsterdam. 

Antwerp 

Hamburg.... 

Paris 

Paris 

Vienna 

Berlin 

Frankfort  .. 
St.  Petersburg 

Cadiz 

Lisbon.  ... 

Milan 

Genoa 

Nanles.,.. 
New  York  . 
Rio  de  Janeiro 

Bahia 

Buenos  Ayres.. 
Valparaiso... 
Pernambnco 
ilontevideo. 

Bombay 

Calcutta 

Hong  Kong. 
Shanghai.... 

Penang 

Singapore.. 
Alexandria. . 


short, 
months. 


short, 
months 


90  days. 
J  months, 


12.0>i@12.1>^ 

25.45     ©25.60 

20.50    @20.60 

26.12>ia26.21>i 

25.4SxaSS.60 

11.60    ©11.65 

iO.56    @20.60 

30.56    ©20.60 

31>«®31« 

48    @i8X 

52>i@62X 

27.60a27.65 

27.60(827.65 

27.60a27.65 


EXCHANGE  ON  LONDON. 


LATEST 
DATE. 


Nov.  26. 


Nov.  26. 


Nov.  56. 
Oct.  S3. 
Oci.  2.5. 
Oct.  16. 

Oct.' 28. 

Nov. '25. 
Nov.  22. 
Nov.  18. 
Nov.  18. 


Nov.  24.     3  mos 


short. 


3  mos. 
short 


3  mos. 
short. 


60  days, 
90  days. 


6  mos. 


12.05 
25. 2S 
80.17 
25.15 

liJlas 

20.32 

20.30 

31  15-16 


4.84X 

27Ji 

27 
49®49>j 

27Ji 

It.  9  is-likf. 
1».  lOrf. 
4«.  OU. 
bs.  7)id. 


DLHxm..e.'  11,  lo<5.1 


IHE  CHROxiiOLE 


549 


IFroa  oar  on  comspondaBl.] 

LoHDOir.  8»tord»T.  Not.  37. 1S75. 
Tb«  feature  of  the  week,  both  from  a  political  and  financial 
point  of  view,  ia  the  aocepUnca  by  the  British  GoTernment  of  the 
Khedire  of  Egypl'a  offar  to  purchase  his  interest  In  the  Suea 
Canal  for  £4,000,000.  ParllamenUry  sanction  has,  of  course,  to 
be  ubUined :  bat,  when  we  bear  in  mind  that  it  U  extremely 
important  that  our  commnnieations  with  the  East  sboald  be 
unimpeded,  there  can  be  little  doubt  of  the  tact  that  the  Qorem- 
ment  will  obtain  In  Parliament  and  throughout  the  countrT 
plenty  of  support  to  the  propoeal.  The  step  seems  to  be  a  bold 
one  tor  English  Minister*  to  take,  but  the  uncertainty  which 
exisu  recatdin;  the  future  of  Turkey,  aad  the  neeesslty  which 
also  prevails  for  this  country  to  have  a  ftrm  hold  of  the  Sues 
Canal,  are  sufficient  for  any  goremmant  to  act  promptly  ;  and,  no 
doubt,  Mr.  Disraeli  has  not  been  slow  to  Uke  advantage  of  the 
opportunity  which  has  presented  itaelf.  Continenul  nations 
have  blamed  us,  and  will  oonlinne  to  blame  us,  for  withdrawing 
oar  support  from  Turkey  ;  but,  as  we  have  fought  a  great  war  to 
maintain  her  integrity,  and  as  we  have  lent  her  many  millions  of 
money,  which  she  baa  squandered,  while  the  Qovemmeat  has 
made  no  attempt  to  rule  wisely  and  well,  even  after  •erioos  and 
repeated  representations  from  the  Oreat  Powers  of  Europe, 
no  surprise  can  be  expressed  that.  In  order  to  kerp  up 
our  lodiaa  oommnnieatloik*,  we  should  seise  the  opportu- 
nity of  allying  oarwivea  with  a  Power  with  whom  our 
relations  ware  baeomlng  diily  more  imporunt.  The  powe> 
of  money  is  great ;  but,  at  the  sime  time,  it  waa  wise  that 
the  Khedive  should  offer  his  shares  in  the  Suex  Canal  to  thia 
ooantry  in  preference  to  any  other,  aa  there  eaa  be  no  doubt  that, 
aa  we  value  highly  our  Indian  posaaMloaa,  we  shall,  ia  eaae  of 
neeeaaity,  make  great  saerlBeM  to  defend  and  protaet  tbam.  Con- 
tinental  aatiooa  know  thIa  ;  and  It  ia  the  feeling  nf  IflBtstera.  aa 
well  as  of  the  country,  that  the  Tarklah  qaeatlon  Is  more  of 
interest  to  Austria,  Bnaaia  and  Qermany  than  to  oursalvee.  It  la 
not  likely  that  we  ahall  pursue  an  undigniBed  eourse  towards  an 
old  ally ;  but  it  ia  out  of  plaee  to  support.a  tottering  State  which 
has,  during  the  laat  twenty  yeara.  had  great  advantages  in  the 
way  of  foreign  help  In  money  and  ad«ica.  but  which  ha«  been 
sadly  mi«managed  and  radoeed  to  a  state  almost  of  bankruptcy. 
Tlie  capiul  of  the  Suex  Canal  Company  la  divided  I  nto  400,0GO 
•hares,  of  which  177,000  shares  are  thua  to  be  traoaferrad  to  the 
Briilah  ^>lto«.  The  paymejt  la  to  be  made  at  once  through 
ICaaar*.  RothaBhild.  so  that  Parliament  w.ll  have,  in  fact,  to  sanc- 
tion a  pnrchase  which  haa  already  l>een  made. 

There  has  of  eourse  been  eooaidermbla  excitement  throughout 
the  country  In  oooacqaanee  ot  this  unexpected  transaction.  We 
have  yet  to  hear  what  other  MtUooa  think  abont  II,  but,  whatever 
may  be  said,  it  ia  a  political  snoeeM,  which  well  rstabllahed  the 
reputation  of  the  prsamt  government,  and  It  la  pretty  evident 
that  it  haa  originate  i  with  the  acute  Prime  MInisUr.  Foreign 
nationa  may  think  that  we  want  to  eoaqocr  Egypt,  anil  it  ia  poaai- 
bla  that  our  denial  wIM  be  unavailing.  That  «e  ahall  defend 
India  aad  E^pt,  to  the  full  extent  of  our  power,  ia  quite  certain, 
bat  the  Turkish  question  will  have  to  be  left  to  be  settled  by 
Powers,  whom  we  believe  to bs  more  Intaraated  la  the  matter  thaa 
oarselvea. 

Thera  haa  been  ao  ehaaga  in  the  Bank  rate  this  week,  the 
iJai'siMai  quotation  being  still  3  per  cent.  The  supply  of  money 
■aaktag a«ploym>nt  has  been  Increasing,  and,  were  It  not  forthe 
fact  that  OemMay  la  still  a  buyer  of  gold,  a  reduction  would,  no 
doubt,  have  baaa  Made,  la  the  open  market,  the  rate*  of  discount 
have  bad  a  downward  tendency,  the  quotaiiona  being  aa  under  : 


Ctrcaiauoa,  Inclodlac 

b»nk  poet  bllli 

PablledepaslU 

Other  depoetu 

UoTaramaat  Mcoritlea. 

OthaiMCarlties 

Reterva  of  notes  sad 

eolu 

Coin    and  baUton  Ic 

both  depsrtaieats.... 

Bank-rate 

OontoU 

BogUah  wheat 

Mid.  Opiaadeottoa    .. 
No.40  male  ram  fair  td 

qnmUtj 

Clearlnc  House  retara. 


1871. 
£ 
M.63«.K< 
7.»t,T4a 

:s.00t,0t8 


187S. 
£ 

8.Mu.«e 

IS.OII.Sil 


ISTS. 

£ 

I5,191,5n0 

S.lJI.fitM 

18,783,SS2 


1874. 
£ 
t«.i5«.«3ll 
4,4J.\7«i 
17.8M,»i; 
18.M4.II66 
l.,«5«,U7 


1875. 
£ 
R.e9R,«71 
a.SM.788 
«a.8&S.lS8 
li.SU.88< 
lt,tOI,t» 


13,170,181    tS.C(»,438    ll.t«S.8t3     9.!91.0(n    10.S8t,i:7 


MntSM 

*)t  p.  c 

9S«.  lOd 

U.  IVd. 
80.il  t.000 


10,«78,44S 
6  p.  c 

S«e.  M. 
»«d. 

1».  Wd. 
8e.41<000 


n.(M9.TSS 
«p.  c. 

tie.  Id. 
7-iad. 

U.  l)<d. 
63,49£000 


io.rj4.n( 

5  p.  c. 

9ili 

tt(.  8d. 

7X<1- 


is.i97,«<r 
a  i>  c. 

961i 
47*.  Od. 

•6Jid. 


le.  Od.       'Is.  Od. 
88,7St,000    Sl.eST.OUO 


•  Price*  KoT.  18. 

The  following  are  the  rate*  for  money  at  leading  cities  abroad 

Bank  Open 
rate,  market. 


P»rU 

Amitardaa 

Uunbont 

Berlin 

rrmnkfort 

VlenaaaadTrlaato... . 
lUarid,  Cadtaand  Bar- 

'•I'lona .   ... 

Liiboa  and  Oporto  . . 
8'..  Pstenborc 


par  ceot.  percent. 


« 

a 

"i 
i 
s 

• 

4 

iX 


4X 

4 

4 

5 

• 


Bank     Open 
rate,  market 
per  cent,  per  cent. 


Brasseli 4M  *H 

Tarin,  Florence    and 

Some -  s  tH 

UlpalC - 5  *K 

Qeaoa S  *\ 

Qenava 5  ft 

New  Tork.    60tX 

CalrntU iH  •■■• 

Copenbaaen 6  6 

CooataoUnople 10  ... 


There  has  been  a  moderate  demand  for  gold  for  export,  partly 
for  France,  but  chiefly  for  Germany.  Gold,  however,  has  been 
returning  from  provincial  circulation,  and  there  haa  also  been  a 
mtam  of  notes  to  the  extent  of  nearly  half  a  million  sterling. 
The  proportion  of  reserve  to  Uabilitiea  at  the  Bank  has.  in  coU' 
sequeaea,  Inereaaed  from  43  to  4S{  percent.  Silver  is -rather 
firmer.    Annexed  are  the  qaotatlons  : 

s.  d. 


sou>. 

r.    d. 

BarOoM « per  oa.  standard 

77    9X 

Bar  a«M.tM par  oa  tUndard. 

n.f* 

Ba/ (Md,  redaable per  os.  atandard . 

SpaalshDoableaas peroa. 

77  \lHi 

....    1 

ttoaibAaMdeaaDoabiooas paros. 

.... 

Onltsdau'jasOoWColB  psraa. 

....    i 

■aak  rat* 


lead  WdjTS*  Mils. 

•  ■eataa'Ml* 


r*r cent.  I 
..  8 


rsr  cent. 

4  aioatha*  baak  Mils «KO>X 

(■Mtha'baak  bill* txAS 

4  aad  •  aaatka*  trad*  MPt.  8   SlM 


TIm  ratea  of  iaieraat  allowed   by  the  Joint-stoea  banka  and 

dlaeount  booaea  for  dapoiUa  iwnain  aa  under  :- 

Par  caat. 

J'llnt.sMakbaaas IWOS 

Diacoaattaasssataail S  m^.. 

Ptacoaat  kiasis  w1t>  T  day*'  aotlc* 1   Stv 

Otaeoant  h  a  ssis  wtt>  14  day*'  aollea. . .  _ 8   uai 

Annexed  la  a  atatemeat  showing  the  present  poaltlon  of  the  Bank 

of  Eni(laod,   the   Bank    rate    of    discount,  the    price  of  Consols, 

the  averaitn  quntatloo  for  BnifMah  wheat,  the  prtee  ol    Middling 

Uplaad   aottoa,    of   So     40    Mule    yarn    fair    aeeond    qoalUy, 

and   the   Baakan'  Clearing   Qouaa  raturs,  oomi>ared  with  the 

pt«Tioaa  /ooi  yaara : 


sfLvaa.  *.   d. 

BarSUv**,na* ,. per  oa.  atandard    H  ll-lSOOt  K 

Bar  Sllvar.  eoa'af  8  (TS.  Oeld. per  or.  nandard.    S7   3-iai~ 

MazicaaDaUan p«oa.    »« 

8paaMiDnllara(CBioia*) p«r  oa. . .  nno*  hare.  .. 

Vfr*  VMMs  Pleaaa peroa.     .... 

QakksUrar,  fttAiBll  lla  per  bottle.    Dlaooant,  8  per  cent 

In  Ika  Stock  Exchange  the  chief  movement  haa,  of  worse,  bean 
in  Fgyptiaa  GoveruMMt  Mcarltlea,  which  have  greatly  improved, 
owing  to  the  aitaiad  pottioa  of  the  Viceroy,  at  all  pventa,  finan- 
cially.  If  not  politically.  As,  however,  the  political  future  haa 
aaeumed  a  more  uncertain  aapeet,  there  haa  been  much  cantiona 
dtaiiagduriag  the  last  two  days,  and  a  tendency  to  depression 
has  baca  Mroogly  apparent.  United  Sutea  Government  aeeuntlaa 
have  been  atr>ngly  In  demand  for  inveatment.  and  In  the  early 
part  of  tha  week  there  waa  a  decided  upward  movement  in  the 
quotaUoaa.  Consols  at  oae  period  of  the  week  ware  aa  high  as 
95  11-16,  bat  they  have  since  become  rather  weaker. 

Tbaaappliea  of  foreign  wheat  continue  liberal,  and,  although 
the  weather  i*  much  more  wintry,  there  ia  no  activity  in  the 
demand  lor  any  kind  of  produce.  The  tone,  however,  is  oonaldervd 
firm  for  the  better  qualltiea  of  produce,  there  ha-ing  been  aa  yet 
no  Improvement  in  the  condition  of  the  Eogliah  supplies.  Dry 
cold  winds  are  much  wanted  to  Improve  the  condition  of  the 
h%rv?«t«d  corn,  and  there  seem  to  be  slens  of  an  early  winter. 
Very  little  progress  haa  been  made  with  autumn  sowing,  and,  as 
the  pitea  of  wheat  ia  low,  it  ia  no:  thought  likely  that  the  farmers 
will  aaka  any  further  eiTort  of  Importance  to  raise  additional 
crops  ol  winter  wheat. 

The  fallowing  figurea  ahow  the  importa  and  axporU  of  cereal 
produoaiato  and  from  the  Doited  Kingdom  since  harvest,  vis., 
from  Sept.  1  to  the  clnee  of  last  week,  compared  with  the  corre- 
■pondU^  ^nfoda  ia  the  prevlona  three  yeara  : 

taroars. 
1818. 

Wkeat > awt  18.488.486 

Barl*7..M *-?l|!>*^ 


OaU. 
Paaa. 


ladlaaOata., 
Floor    


8,818  »M 

180. 4M 
•iltti 

ft.M4.in 

l,4<7.Mt 


1874. 

tO,7B1.4TO 

4,800.710 

8,000.7  tS 

IU,878 

8bt.ll8 

8.(n«.Sl» 

l.l«t,«.T> 


100.  I7« 
19,810 

ii.m 

4.900 


i«n. 

10.048J40 
1.971,808 
1,890.188 
1«8,078 
74S,M» 
«.409.«W 
1.149,486 


1878. 

lS,e803M 

88aa,8*4 

8,876.486 

891.884 

S3«,90S 

«,*ft4.<64 

i.r — 


1,161.681 
U.M} 
9.188 
i,tfH 
847 
48.MI 
9a.880 


86.860 
8.818 

ro«8 

l,8Ss 
l.»0 
6.4&1 

6,»77 


MThaat awt.  88.961 

Barley 6.886 

Oat*. ..•■■••••■•■■•....•• .•••  88.986 

Peaa S.8S8 

Baas* •.  .  ..  S.«8  ..  ?■• 

(adUaOarn 7.889  8I,M 

Floor S.816  »,78l 

The  last  official  returns,  which  la  lor  the  week  ending  Nov.  20, 

shows  that  during  that  period   only  40,888  quartara  of   EnRllsh 

wheat  ware  delivered  in  the  ISO  principal  markeU  of  England, 

against  48,01 1  quarter*  In  the  previous  week,  h^d  58,655  quarter* 

In  the  ojrrespoDdIng  week  of  last  year.    It  i»  (jomputod  that  In 

111*  wholo  BAtgiom  there  waw  IJJ^  ^HWtPfl,  ►gtln**  235^ 


550 


THE  GHRONIGLR 


[December  11,    1875. 


qaarters  iii  1874,  sUovriDg  a  deficiency  of  74,000  quartere.  Since 
harvest,  the  sales  in  the  150  principal  niarketH  have  been  S83,71l 
quartern,  a);atDBt  763,308  quarters,  or  a  falling  oif  of  1C9.687 
quarters,  while  In  the  whole  Kingdom  it  is  estimated  that  there 
have  been  2,335,000  quarters,  afjainst  3,004,000  quarters,  era 
deficiency  of  66b,000  quarters.  The  foUowiD^  is  an  estimate  of 
the  supplies  of  wheat  placed  upon  the  British  ninrlieta  since  the 
close  of  August : 

1875. 

CWI. 

Imports  of  wlioat  aincc  harvnet....l«,4:)9.495 

Imports  of  flour  since  harvest 1,427,912 

Hales  of  Eni;.  wli.ulsince harvest. ..10.501.000 

Tottl »8,a74,4i: 

Deduct  exports  of  wheat  and  C  jor.       70,865 


18T4. 

1875. 

18W. 

CMt. 

cwt. 

cwt. 

10,157,470 

10,018,-2W 

13.?2n,84« 

i.im.fls? 

1,549.4R5 

1.4t>«,858 

I.3,Vil,-J0O 

1-.',81.?,000 

13,857,000 

2i,481.J«7 

21,110.755 

S8,U4  2I4 

180,913 

1. 903,881 

91,2J7 

Result i8,3C3,571 

Awrage  price  of  Engiirh  wheat  fer 
the  season 4Ts.  2d. 


»5,SeO,S»4  82,906,844  28,05?  Ml 
45g.  5d.        6l8.  lid.      578.  lid. 

The  public  sales  of  colonial  wool  were  commenced  on  Tuesday. 
There  has,  so  far,  been  a  large  attendance  of  buyers,  those  from 
the  continent  being  more  numerous  than  usual.  Australian  wool 
has  not  materially  altered  in  value,  but  some  descriptions  of 
Cape  wool  are  ratUer  cheaper.  The  arrivals  forthis  seriea  of 
sales  comprise  the  following:  Sydney  and  Queensland,  19.949 
bales;  Port  Phillip,  10,011  bales;  Adelaide,  1,794  bales;  Swan 
Hiver,  317  bales  ;  Van  Diemen's  Land,  445  bales  ;  New  Zealand, 
10,907  bales  ;  Cape,  43,404— making  86,937  bales.  About  8,000 
bales  of  the  above  (300  Australiin  and  7,800  Cape)  forwarded 
direct  from  ship  to  continent,  Yorkshire,  etc.  Quantity  held  over 
from  last  sales  estimated  at  about  15,000  bales. 

Captain  Tyler  has  recently  presented  to  the  Board  of  Trade  his 
annual  report  on  the  general  condition  and  working  of  the  railway 
companies  of  the  United  Kingdom.  The  return  is  for  last  year, 
and  it  thowa  satisfactory  results,  the  average  dividend  being 
nearly  H  per  cent,  per  annum  on  the  total  amount  of  capital 
expended.  The  report  states  that  a  total  sum  of  £009,895,931  had 
been  expended  on  16,449  miles  of  railway,  of  which  8,749  were 
laid  with  two  or  more  lines  of  rails,  and  7,700  were  single  lines 
at  a  cost  of  about  i;37,C00  a  mile.  There  were  11,935  locomotive 
engines,  or  about  one  to  every  mile  and  a  half ;  and  379,899 
▼ehiclfs,  or  about  23  per  mile,  besides  great  numbers  of  wagons 
of  which  there  is  no  means  of  forming  an  estimate,  belonging  to 
traders  and  companies  other  than  the  railway  companies. 


BaxlUli   iTIarKet   Keporta— Per  Cable. 

Thednilyclosingqaotationsin  the  m&rketsof  London  and  Livei. 
pool  forthe  past  week  have  been  reported  by  cable,  as  shown  in 
the  following  summary : 

London  Money  and  Stock  Market. —  The  bullion  in  the  Bank 

of  England  has  decreased  £283,000  during  the  week. 

Bat. 

Consols  tor  monej 94 

"      account 9i>i 

D.  8.  «s  (6-308,)  1866,old.l0sV 

"         "  1867 IQilk 

O.  8.10-*)e i(j5X 

Maw  6b iw^ 

Tbaqnotacions  for  Dnited  Htates  new  fives  at  Frankfort 

C  8.  new  fives 99X       99X         99>i  

JUverpool  Cotton  Murkit. — See  special  report  of  cotton. 


Mod.  Tnes.  Wed.  Thnr. 
93  13-16  93  13-16  93  1.3-16  93  15-16 
(•S  15-16  33  15-16    93  15-16  *1  1-16 

;o3x       103X     losx       lasji 

Ui9K  lUU}^         im)i  109  Ji 

lli5Ji  1055i         1(6  106 

io«i        loi'i      lOJ-i       io4>; 


Fri. 
93  lu-\( 

94  Vi 
103  )t 
Wiii 
106 
IMK 

*ere; 


Liverpool  Breadstufia  Market. — 

Sat.       Mon. 
d.       s.    d. 
24    6 
9    4 

10  0 

11  2 
32  6 
41     0 

Liverpool  ProvisionB  Market. — 


Floiir(WeBtem) VbbI  24  6 

Wheat  ( Red  W'n.  8pr).%ctl    9  4 

"      (Red Winter)....    "    10  0 

"    jCal.  White  club)  "    II  2 

Com(W.  mlied)¥  quarter  32  6 

reastCanadian) . .  V  a  aarter  41  0 


Tnes, 

s.    d. 

■24    6 

9    4 

10  0 

11  2 
34  3 
41    0 


Sat.  Mon.  Tues. 

„     .  i.  d.  s.  d.  B.   d. 

Beef  (mesB)  new  f  tee 92    8  92  6  92    6 

Pork  (mess)  new  ^Jbbl...  95    0  95  0  95    0 

Bacon  (l.cl.  mld.jnewll  cwt  56    0  B6  0  55    6 

bird  (American)  ..."  57    6  67  9  57    9 

OaeeaetAmer'n  fine)    "  54    0  64  0  54    0 

Liverpool  Produce  Market.— 

Sat.  Mon.  Tnes. 

_     .  8.  d.  B.  d.  8.  d. 

Kosln  (common)...  Vcwt..    6    3  6    3  5    3 

-"    ,(pale) ••       16    0  16    0  16    0 

Fetroleuui(reflned) Vxal       lOjf        lOJi         lOX 

«...  "  -.  >"P;''t») "999 

7nknow( American)... «  cwt.  46  6  48  6  46  6 
01over8eed(Am.  red)..  '•  50  0  60  0  50  0 
Spirits  turpentine "     25    0      23"  0       S6    0 

London  Produce  and  Oil  Market!. — 


Wed. 

t.  d. 
94  6 
9  4 
9  10 
11  2 
33  6 
41    0 


Wed. 
B.  d. 
9-2  6 
95  0 
55  6 
68  0 
54    0 


Wed. 

B.  d. 

5    3 

16    0 

It 

9 

46    6 

50    0 

25    0 


Thur. 
s.  d. 
94    6 

9    4 

9  10 

11   a 

31     0 
41     0 


Thnr. 

s.  (1. 

92  6 

!-2  6 

.^4  6 

59  0 

54  0 


Thnr. 

s.   d. 

5    3 

16    0 

11 

» 


Fri. 
8.  d. 
24    0 

9    3 

9  10 

II    0 

82    6 

41    u 


Fri. 
e.  i. 
92  6 
90  0 
64  0 
59  0 
64    0 


Fri. 
8.  d. 
6  3 
16  0 
11 


46 
50 
25 


47 
60 
26 


Wed.       Thnr.         Fri. 
£  s.  a.    £    s.  d.  £   ?,    d. 


Sat.  Mon.        Tnes. 

Tl         .J      ,,.,,..,-.»       ^      '''■  ^      '■    ^-      *      '•    d.  i>    S.  U.  J>      S.  U.  X,      f,      U. 

Lin6'dc'ke(obl).^^tclO  10    0  10  10    0    10  10    0  10  10  0  10  10  0  10  10    0 

.L'08eed(Calcutta) 61    0  51    0         61    0  61  0  61  0  61    0 

8iKar(No.l2D'ch8td) 

'  on  spot,  V  cwt 22    3  32    3       -22    3  92  3 

Snarmoll »  tun. 95    0    0  96    0    0  96    0    0  96    0  0  97    0  0  97    0 

WJUleoU "    34    0    0  84    0    0.S4    0    0  34    0  0  gt    0  0  34    ft   0 

Ijloeeedoil....9  cwt.      25    0  K    Z       25    0  24  9  S5  0  86    o 


n  3 

0 


REPORT  OF  THE  SECRETARY  OP  THB  TREASDRY. 
Trkasijry  Department,       ) 
Washington,  U.  C,  Dec.  6,  1875.  j 
Sir:    In   obedience  to  law,   the   Secretary   of    the    Treasury 
respectfully  submits  to  Congress  the  fullowing  report  on    the 
subject  of  finance,  embracing  estimates  of  receipts  and  expendi- 
tures, and  plans  of  revenue: 
RECEIPTS  AND   EXPENDITITIES  FOR  THE    FISCAL    TEAR    ENDIKG 

.JUNE  30,  1875. 
The  moneys  received  and  covered  into  the  Treasury  by  war- 
rants, and  the  net  cx)>pnditures  I)y  warrant.s,  during  the  fiscal 
year  ending  June  30,  1875,  were  as  follows  : 


JleeHpte. 

Cii«toin« $157,107,722.35 

luteriiiil  revenue 110,007.49158 


1,413,610  i; 

7.268,379  16 

882,274  91 
228,870  23 

1.112,.50O  63 
2t'),671  66 

1,818,884  29 


SalcH  of  i)ubli('  lauds... 

Tax  on  rirculation  and 
deposits  of  national 
banks    

R<'pay7nent  of  Interest 
by  Pnciflc  Railway 
Companies 

C'ustoms'  fines,  penal- 
ties, &c 

Labor,  drayage,  etor- 
iliie,  Ac 

Sales  of  Indian  tnist 
lands 

Fees— con-'ular,  letters 
patent  and  land 

Proct^fds  of  sales  of 
^'overnmcnt  |)ropcrty 

Munne  liospitAl  tax... . 

Steamboat  fees 

r*rofits  on  coinajre,  Ac. 

Tax  on  seal  skins 

MiHcellaneoua  sources. 


Total  ordinary  receipts  $2»4,02t),771  41 
Premium    on    sales    of 
coin 3,979,279  69 

Total  net  receipts,  ex- 
clusive of  loans $288,000,051  10 

Balance  in  Treasury 
June  30,  1874,  Includ- 
ing deposits  of  coin 
and  United  States 
notes  represented  by 
ccrtiflcaies  outstand- 
ing      150,731,694  63 


Mxpendilurei. 

Civil  exiwnses  $I7,.346,929  53 

Foreign  intercourse....        I,2n5,418  21 

Indians  8.3&1.656  82 

Pensions 2!),45«,216  22 

Military  establishment, 
including  fortifica- 
tions, river  and  iiar- 
bor      improvements, 

and  arsenals 41,120,645  98 

Naval  establi  hment. 
including  vessels,  and 
machinery  and  im- 
provements  at  navy 

yards 21,4')7,626  27 

Miscellancons  civil,  in- 
cluding public  bnild- 
ings,  llglit  houses, 
and     collecting     tlie 

revenues 50.528,536  32 

Interest  on  the  public 
debt,  including  inter- 
est on  bonds  issued 
to     Pacific     Railway 

Coinp.mies ia3,093,644  57 

Payment  of  award   to  ■ 
British  claimants ....        1 ,929,819  00 


Total  net  expenditures  $274,623,3'J2  84 
Redemption  of  the  pub- 
licdebt 19,405,936  43 

Total  net  disburse- 
ments          ..$294,029,329  33 

Balance  in  Treastiry, 
June  30,  1873 144,702,416  41 


Total. 


$4:18.731,745  73 


Total  available  cash  ..  .$488,731,745  73 

This  statement  shows  that  the  net  revenues  for  the  fiscal  year 

were...   $2;8,0C0,C51  10 

And  the  ordinary  expenses  (including  the  award  to  British 

claimants,  $1,939,819) 274,623,392  84 

Leaving  a  suri>lus  revenue,  exclusive  of  provision  for  the  smk- 
ingfund $13,376.658  26 

By  reference  to  the  last  annual  report,  page  vi,  it  will  be 
observed  that  the  estimate  then  made  was  that  the  revenues  for 
tills  fiscal  year  would  reach  the  sum  of  $384,318,285  99_,  and  that 
the  expenditures  would  amount  to  $275,315,489  42. 

RECEIPTS    AND    EXPENDITURES 
JUNE  30, 

The  receipts  and  expenditures 

Jleceipts. 

Customs 

Internal  revenue 

Sales  of  public  lands.. 
Tax  on  circulali<m,  &c., 

of  national  banks 

Repayineut  of  interest 

byPac'fic  railways.. 
Customs'  fines.  &c.  . . . 
Consular,    patent,   and 


FOR   THE   FISCAL  YEAR  ENDING 
were  — 


$44,233,626  25 

*8,19.',723  .511 
308,641  73 

3,626,033  83 

262,2  2  87 
28,521  75 


other  fees . 
Proceeds   of    sales    of 

government  property 
Miscellaneous  sources. 


510,427  19 

104,273  65 
1,722,408  90 


Net  ordinary  receipts. .    $i'8,995,869  67 
Premiums  on  sales  of 
coin. 2,160,275  47 

Total  net  ordinarv  re- 
ceipts    :....    $81,156,145  14 

Balance  in  Treasury, 
June  30, 1875 144,702,416  41', 


6r3.n;'2 1 

6HIJ,4;4  38  I 
S45,'J37  64  I 


Total  available....  $225,868,661  55 


1876. 

during  the  first  quartet 
E.rjHnditur€$. 

Civil  and  miscellaneous 
exi)eu8e8,  including 
public  buildings, 
light  houses,  and  col- 
lecting the  revenues.    $18, 

Indians 2, 

Pensions '8, 

Military  establishment, 
including  fortifica- 
tions, river  and  har- 
bor improvements, 
and  arsenals     

Naval  establishment, 
inclndiug  vessels  and 
machinery,  and  im- 
provements at  navy 
yards.. 7,959,037 

Interest  on  the  public 
debt,  including  Pa- 
cific Railway  bonds  .      34,517,554  I 


Total  ordinary  exiiendi- 
tures  $84, 

Redemption  of  the  pub- 
lic debt 6 

Balance  in  Treasury, 
Sept.  30,  1875 134 


11,391,476; 


047,643  76 
,838,099  66 
,973,018  13 


Total $325,858,561  5S 

For  the  remaining  three   quarters  it  is  estimated  that    the 
receipts  and  expenditures  will-be — 

Ejrptndituref. 
Civil  miscellaneous,  in- 


RecnpU. 
Customs $1'2,000.000  00 


Internal  revenue. 

Sales  of  public  lands  . . 

Tax  on  national  banks 

Re-imbnrserament  i>y 
Pacific  railways  ..   .. 

Customs'  fines,  penal- 
ties and  forfeitures, . 

Consular,  patent,  and 
other  fees ... 

Proceeds    of    sales   of 

fiublic  property 
scellaneoiis  eonrccs. 
including  premium  on 
coin 


92,000.000  00 
1.100,0110  00 
3,650,000  00 

350.000  00 

100,000  00 

1,300,000  00 

600,000  00 


6,200,000  00 


eluding  public  build- 
ings   $49,600,000  00 

India  8 4  4  !•  ,000  00 

Pensions 21,000,000  00 

Military  cstabllBhment  :iti,000,000  00 

Naval  eFtabliahment. . .  12,000,000  00  , 
Interest  on  the  public 

debt 67,."00,000  00 


Total  ordinary  ex- 
penditures   «lS4,40n,fl00  00 


Total  net  receipts. .  $216,300,000  00  .  .  ■ 

From  t))e  foregoing  statement  of  actual  r<!ceipts  and  expendi- 


Pecmber  11,  IbTo.l 


THE  CHRONICLE 


551 


«ure«  lor  the  first  >iuarter  of  the  current  fi»c«l  year,  and  the 
rstiiuatea  o(  the  same  for  the  remaining  three  iiuartere.  basetl 
upon  appropriations  already  made,  and  also  o>i  tue  assumption 
that  Congma  will  not  increase  the  expenditure  by  deficiency  or 
other  appropriaiiuns,  it  will  be  seen  tiiat,  in  the  judgment  of  the 
Department,  the  revenues  will  reach  the  sum  of  |397,i50,14^  14, 
and  that  the  ordmary  expenditures  will  amount  to  9SMK,447,- 
Ma  TO.  This  exhibit  i^vea  a  surplus  revenue  of  $29,0^,601  38. 
>  I.  irr  existing  laws  it  is  estimated  that  $32,303,692  32  will  be 
ri  .(uired  to  be  i>rovide<l  for  the  sinking  fuiid  for  this  year.  If  the 
statement,  as  here  submitted,  shall  prove  to  be  approximately 
I  orrect,  the  revenues  will  fall  short  b>the  amouot  of  $3,2S5/)90  94 
of  providing  for  the  appropriations  made  by  Congress. 

BSTIMATES   KOll  TUK   FISCAL  YEAR   ENDISU  JCNK  30,  1877. 

It  is  estimated  that  the  receipts  and  ordinary  expenditures  for 
ihe  fiscal  year  ending  June  30,  1877,  will  ' 


SaUaafpaUle  lands.. 
Tii  on  cbcolaUoa  of 

:.  I'.tonamwia 

K-lmbUHBcat  of  In- 

lOTMlbrFkeUcKan- 

w«y  Ooanaaiw 

C»uaa'  iaaa,   pmal- 

llesaad  ratfettan*.. 
Ojwalv,  iMian  p*MM 

aadiHtarfMs    

of  «!€•  or 
•<l  property 


f  :<VIIIV,WO  00 
I»\«l»,flaO0« 

7400,000  00 


TMal    OfdiaafT 
c»»pt» 


.  |«M.000.00C  00 


Oniiiutrg  MjcptmMura. 

Civil  ezpeime* $J7.VO,000  00 

Forpin  interraarte ,. . 

iBdiaaa 

PeasiUH 

MiUurr  MlabUaluiwot, 

Indaahig      foititea- 

tloas,ri«*r  and  kattor 

iapisi 


latMoooo 

*,aw.>«>  00 

a,M«.oooao 


Skral 


piuilitnto  at  nar; 

jaids  ...    

CltD  ariMfllaiienam  to- 
cladlaspablk  balM- 
lasii  aod  liabt-kiMuo, 
roT.actJng  rcTcnaea, 
mail  Moamikly  wr- 

IKMUI  rareaaM,  pab- 

Ucpnallac,  Ac 

lM«f<m  anMi<tlle  debt 
tetcrartoa  PaeMc 

war  I 
Votal 


40^000.000^00 


<I,«W,OOS  09 


98,000.000  (>) 

»rM*.oooao 
■,a»,ooooo 


raDfl  appflaaf 
prlaelpal  of  the 

pabUedebc t(«jn.«00  00 

It  is  expected  that  for  thb  fiaesl  year  Um  mtrplaa  rereDues  of 

the   government  will   amoant   to  fS4,735,000.      The   Mtiniat.-.] 

amount  to  >>«■  pmvidad  for  tbe  aiakicL'  ftiud   is  t:U  iMtn  :{77  40. 

There  Is  reaaon  10  hope,  therefore,  til  .-ovem- 

ment  'or  this  year  will  amply  pr<>\  .;»lion.'<, 

including  the  sinking  fund. 
The  eatimatM  raeeired  tnm  the  wreral  KxceotlTa  Dn>artments 

are  a*  followa: 

UdaMtTci 

JadfctalaMab 

Mimaiy  w««hllsl»aM»l. 


fliw\t7n  an 
U.7I7MS  4" 

too 


FakJeWiki;  

Tr«arat7  Drpailiasal  ..... 

Wv  UepiitaMat 

NavvDmartaMM    

lBt«iter  Draanairal  

D«pa>tB  at  of  j»(rieatlaf« 
!>•••>•■■■•  of  JaMlcaw.... 


100 


*••>  •«•*■■■••••       SOPfBOB  00 

■  ..*•.... Sf,*V9  •• 

tjno  OO-OMOMM  8^ 

••B*»«  •  >■••••...••••.•  OjOU^lQO  IV 


i.tio : 


^'**^ •JI4.SI1,W)  « 

EKOCCriOM  OW  THK  flTHUC  DEBT. 

By  the  iBonthly  stMemcnt  of  tha  pabilc  dabt  iaaaad'June  .10 
1x73.  the  radnetloa  of  the  debt  daring  the  jaar  was  shown  to  be 
#I4,8W.C14  M,  Tia. : 


MaciVai  «f  Ito  dabi  Julr  1, 1071 
lamvat  da*  aad  aapaid.  aad  vci 


ipald.  aad  arcraed  taumtladata.c 


MLWA7  47 


.      U7.MIJU4  ri 


DekCltaeaair  ,ry 

PriiKi^a: of  Ike dr)  ■.', 

lotaw«  das  sad  aapuJ.i,  iikI  arrracd  hriar«M  to  dau 


tl.t4MIMII  K' 
» 


T««ald*b« 

Cksh  la  Iks  masarr. 


.      l«tJ4M>l  « 


.•iki««a.7M  a 


I>*k<.hiScaibiDlha 

t)ha»UHiara«acllaii.assftov«tUI«d.of lUjm'Au'ti 

It  will  be  obeerrad  that  the  aarpliis  rerennea,  exelaaive  of  pro- 
▼isioo  for  the  sinking  fund,  aa  shown  in  the  stateaent  of  recwpta 
"^  •>P»«>«1|^"'»«  tor  the  fiscal  year,  were  |18,878j858  »I,  or 
mjmiJBM  W  leae  than  the  amount  of  the  redaction  ot  the  debt 
M  ahowa  bjr  the  monthly  sutement  of  the  same. 

pie  dUbrenee  between  these  two  sUUmonU  arises  f r 
diCerence  o(  dalea  at  whlf-h  they  are  made  up,  as  will  be 
a  eompeilaon  of  them  as  regards  the  cash  In  the  treasur>  .u 
comneneeiDent  and  close  of  the  fiscal  year,  and  of  the  Item  ol 
"interaM  da*  and  unpaid,  and  accrotid  interest  to  date."  which. 
In  the  nwothly  debt  sutement,  is  treated  as  a  liability  of  the 
Uoverainent.  preciaely  aa  Is  the  principal  of  the  debt,  but  which 
urnot  so  cnr-  ■  -   <  '  „  the  sutement  of  reeelpts  and  expenditures 
^£fi.i?  J«iTJ.in4...aowBbytk.»K»udj 

nwioeys  sakl<ll/   ic{K)rtcd  to  Ibe  DepartmnI  it  Ibcttoaof 

'T^.-^lM  »•  tiaasij^aiy  I'.lifi  m  i*^d'  by  ifc.  s^^i^at 
T»e».  (the  book*  from  whlOl  It  !•  pr- 
Vpm  tiw  a  asrtoft  sf  tmitr*rf  *it-. 


9H7JMI3M  74 


so  as  to  include  at  the  date  of  do^^lti-.^  tho  acconnt  all  the  reve- 
naes  deposited  at  the  different  places  of  dt-{K}sit  thronghoiii 
the  coontry  witbio  the  period  covered  by  the  same,  and  which 
are  onaacertained  at  tha  time  of  tbe  lasue  of  the  monilUy 
lUtemeot,)  was 1S0,7SI  6'M  63 

Showing  a  dUIbience  of 3,190,379  b9 

The  cash  la  the  traasorr  Jaljr  1, 1873,  as  shown  by  the  moaUily 

debt  Btatameal  of  thai  d  ite,  was    .  $142,911.36188 

.^Dd  as  shown  by  the  statement  of  the  receipts  and  eipendltares 

ofsamedaie 141. 703.410  41 

Sbowtag  a  diCerence  of 

Tbe  dICssence  in  these  two  statementJ^  of  cash  reported  to  the 
Ttesaniy,  aa  appears  by  the  monthly  statement,  and  as  asc  r- 
tetead  1^  the  statemeut  of  receipts  and  expenditures  a(  Iho 
CSOHMnceineDt  and  close  of  the  Odcal  year,  it  will  be  si-eu.  it* 

To  which  add  the  reduclkm  in  the  Item  of  "  Interest  due  and 
unpaid,  and  accrued  interest  to  date" 


ti,459,054  59 

$73I,32J  SO 
«9  .531  it 
HaUas  tbe  sum  of S1,03I,8S«  5S 

It  will,  therefore,  be  perceived  that  no  difference  exists  iu 
these  two  accounts,  other  than  that  which  jjrows  out  of  the 
manner  of  their  preparation. 

Frugality  in  administration  is  among  the  foremost  and  most 
important  points  of  a  sound  financial  iwlicy.  Faithful  collection 
of  the  revenue  and  reduction  of  expendiiures  to  the  lowest  point 
demanded  by  the  necessities  of  goverumeut,  constil  ute  the  first 
duty  of  those  intrusted  with  miiking  and  adiuinisteriug  th^  law. 
The  obligation  to  adhere  strictly  to  this  duty  has  peculiar  force 
while  the  pnblic  indebtedness  is  large  and  the  industries  of  the 
oonaftr  are  suffering  from  financial  depression.  Uigid  economy 
at  men  a  time  must  lead  to  two  im|>ortant  results  :  First,  iid- 
vaneonent  of  the  credit  of  the  goveiimieiit  throughout  the  finan- 
cfaU  world,  and  hence  ability  to  refund  the  debt  at  a  lower  rate  of 
intenot;  second,  and  by  no  means  least  in  impoitauce,  greater 
wHHngnees  on  the  part  of  the  people  to  bear  the  burden  of  tax> 
atkm,  when  they  see  that  their  government,  like  themselves,  is 
rtdacing  eipeoditures  to  the  lowest  practicable  point,  aud  apply- 
ing tbe  revenue  r«-eeived  from  them  to  its  necessary  and  legiti- 
■ateparpoeee.  Tbe  general  depression  of  business  which  fol- 
lewea  the  era  of  inflation  and  extravagance,  through  which  we 
Jaat  passed,  has  made  it  necessary  that  individuals,  associa- 
•ad  eorporatioos  should  reduce  their  expenditures  to  the 
laUlmam  :  ahd.  having  done  so,  the  Ux payers,  have  a  right  to 
damind  that  the  government  shall  do  likiwise.  While  the  iuter- 
eet  on  the  public  debt,  and  all  other  n>tiooal  nblit;atious,  must 
be  promptlv  met,  there  are  many  (xiints  at  wliicli  it  is  believed 
that  considerable  reduction  of  appropriations  can  properly  be 
made ;  and  the  Secreury  invites  critical  exaniii:atiou  of  all  the 
wHbmUss  sobmitted  to  Congress.  Increase  of  public  expenditures 
la  line  of  great  prosperity  and  extravagance  is  acoowpliahed  by 
aaaaey  ptocees;  but  a  correspondinii  reduction  when  tue  reverse 
eooMe  CMI  be  brought  about  only  by  the  closest  vigilance  and 
■dot  detemilnnd  raaiataaee  to  every  apixuil  for  appropriations  not 
lamtrad  by  the  existing  neoessities  of  government. 

No  appropriation  of  niunuy  should  be  made  without  reference 
to  the  probable  amount  of  revenue  to  accrue  wi'hln  the  year  iu 
eTOMi  of  existiag  obligationa  aud  liabilities. 

TftB  atXKIICO   POND. 

Tbe  fifth  section  of  the  act  of  February  25.  18ii'3,  sets  apart  as 
•  special  fund  all  duties  on  Imported  gooes,  aad  directs  the  ap- 
plicMion  there'>f — 

JVrif.  To  the  pavment  in  coin  of  the  intereet  on  the  bonds  and 
aotaaof  the  I'nitw)  8uii«. 

Assad.  Tn  the  purchase  or  payment  of  one  per  centum  of  the 
entire  debt  of  the  Toited  Suies.  to  be  made  within  each  fiscal 
year  after  the  first  day  of  July,  imVi,  which  is  to  be  set  apart  as  a 
sinking  fund,  and  the  interest  of  which  shall,  in  like  manner,  be 
applied  to  the  purchase  or  payment  of  the  public  debt,  as  the  Sec- 
retary of  the  Treasury  shall  from  time  If)  time  direct. 

Third.  The  residue  thereof  to  be  paid  into  the  Treasury  of  the 
Cnlte<l  Slates. 

Section  six  of  the  act  of  July  14,  IWO,  directs  that  the  bonds 
theretofore  purehssed  and  then  held  in  the  Trtrasury  in  accord- 
aoee  with  the  provisions  of  the  act  aforesaid,  and  ail  other  bonds 
which  had  Iteen  purchased  by  the  Secretary  of  the  Treasury  with 
surplus  funds  in  tbe  Treasury,  and  any  bonds  thereaft<-r  applied 
In  said  sinking  fond,  ^itb  all  others  thereafter  redeeme<l  or  paid, 
shall  be  lecnrued.  cancelled  and  destroyed,  and  that  the  amount 
of  bonds  of  each  clasa  ao  eaneelle<l  and  destroyed  shall  be  du. 
taeted.  rsapeetlTely,  from  tbe  amount  of  each  class  of  tho  out- 
Mlading  d»bt  of  the  United  States.  The  last-named  act  also  pro. 
that,  in  addition  to  other  amounts  to  be  applied  to  the  r  ;- 
S  or  payment  of  tbe  public  debt.an  amount  equal  to  tho 
9h  all  bonds  belonging  to  the  'aforesaid  sinking  fund 
I  be  applied,  aa  the  Becrrtary  of  the  Treasury  shall  from  time 
to  time  dlrm-t,  tn  the  payment  of  the  public  debt,  aa  provided  for 
la  ieetton  live  of  the  act  first  above  named,  and  appropriates  from 
Ike  teeelpts  for  duties  on  importa  Ihe  smonnt  so  to  be  applied. 

These  acts  are  regarded  by  the  Secretary  as  imposing  upon  him 
the  Itnperativn  duty  to  take  care  of   the   sinking  fund,  a-- therein 

'- '-. I.  out  of  tbe  coin  received  from  duties  on   im|K)rt8.     This 

ment  Is  seeondary  only  to  the  payment  of  interest  on  the 

<lelit.     It  takes  precedence  of  all  other  appropriation.-*,  as, 

by  the  very  terms  of  the  legislation,  only  tbt  residue  of   receipts 

from  customs,  after  deducting   interest   on  the  pnblic   debt   sod 

providing  for  the  sinking  fund,  goes  into  the  Treasury. 

The  statata  impoMS  apon  the  Secretary  a  duty  tn  be  performed 
annually,  the  requirement  being  that  the  purchase,  or  payment, 
for  and  00  account  of  the  sinking  fund  shall  be  made  within  each 
fiscal  year. 

During  the  past  fiscal  year  it  was  not  iiracticable  to  purchase 
the  amount  of  United  States  bonds  required  for  the  sinking  fund. 
for  tho  reason  that  such  Imnds  muld  not  )>e  bought  at  par,  nml 
the  iewetary  was  forbidden  by  law  to  py  joote.    J^ut   tbv  il'v. 


552 


rHE  CHRONIOLK 


[December  11,  1875; 


sDth  section  of  tho  act  of  March  3,  1873,  authorizes  the  Secretary> 
fur  the  purpose  of  obtaining  bonds  for  the  sinking  fund,  to  give 
notice  that  he  will  redeem,  in  coin  at  par,  any  bonds  of  tlie 
United  States,  beating  interest  at  the  rate  of  six  per  centum,  of 
the  kind  known  as  live-twenties  ;  and  further  provides  that  inter- 
est on  sucli  bonds  sliall  cease  at  three  months  from  tlie  date  of 
notification.  Tlie  amount  required  for  tho  sinking  fund  for  the 
fi.tcal  year  ending  June  30,  1875,  was  $31,096,545.  Of  this  amount 
$1,096,500  six  per  cent,  five-twenty  bonds  were  purchased  at  tlie 
rate  of  $99  87^  for  each  hundred  dollars  in  bonds ;  and  on  the 
11th  day  of  March,  1875,  a  call  was  made  for  $30,000,000  of  the 
same  class  of  bonds.  This  call  matured  on  the  11th  day  of  Jane, 
1875,  which,  being  so  near  the  end  of  the  fiscal  year,  a  part  of  the 
bonds  named  in  thn  notice  were  not  presented  for  rpdomi)tion 
during  that  year.  Of  the  amount  so  called  only  $24,073,900  were 
presented  for  payment  before  the  80th  of  June.  Therefore,  the 
amount  which  appears  upon  the  books  of  the  Treasury  as  actually 
applied  to  the  sinking  fund  within  the  past  fiscal  year  is 
$35,170,400. 

For  ilie  current  fiscal  year  it  is  estimated  that  $33,140,914  must 
be  applied  to  the  fund.  To  meet  this  requirement  a  c*ll  was 
made  on  th^  1st  day  of  September  for  $8,000,000  six  per  cent  five- 
twenty  bonds,  and  on  the  15th  day  of  November  a  further  call  for 
$5,000,000  bonds  of  the  same  class.  The  balance  necessary  to 
complete  the  total  amount  for  this  year  will  be  called  from  lime 
to  time  in  such  manner  as  to  cause  the  least  disturbance  of  the 
market,  and  it  is  hoped  that  the  whole  amount  will  be  presented 
for  payment  within  the  year. 

REFl  NDING  THE    NATIONAL    DEBT. 

Since  the  Secretary's  last  rrport  lo  Congress  the  refunding  of  the 
national  debt  authorized  by  the  acts  of  July  14,  1870,  and  January 
20,  1871,  has  been  continued.  The  contract  which  was  entered 
into  July  28,  1874,  and  which  is  fully  set  forth  and  explained  in 
the  last  annual  report,  was  renewed  January  89,  1875,  the  con- 
tracting parties  being  Messrs.  August  Belmont  &  Co.,  of  New 
York,  on  behalf  of  Messrs.  N.  M.  Rothschild  &  Sons,  of  Loudon. 
England;  Messrs.  Drexel,  Morgan  &  Co.,  of  New  York,  on  behalf 
of  Messrs.  J  S.  Morgan  &  Co.,  of  London,  England;  and  Messrs. 
J.  &  W.  Seligman  &  Co.,  of  New  York,  on  behalf  of  Seligman 
Brothers,  London,  England.  The  conditions  of  the  contract  were 
slightly  modified,  the  contracting  partie.^  being  allowed  one-half 
of  one  per  cent  commission,  and  bitiding  themselves  (o  defray  all 
expenses  incurred  in  transporting  five  per  cent  bonds  to  London, 
and  six  per  cent  bonds,  Uuittd  States  coin  coupons,  and  gold  coin, 
from  London  to  Washington,  besides  the  expenses  of  preparing 
the  new  bonds. 

Under  this  agreement  the  contracting  parties  have  subscribed 
for  $133,688,-"i50,  the  balance  of  "New  Fives"  then  remaining 
unnegotiated;  and  the  Secretary  now  has  the  pleasure  of  announc- 
ing to  Congress  that  the  funding  of  the  five  hundred  million  of 
six  per  cent  l>onds  into  those  bearing  five  per  cent  interest  has 
been  accomplished,  thereby  saving  an  annual  interest  to  the  gov- 
ernment of  five  million  dollars. 

The  success  which  has  attended  the  refunding  of  $178,548,300 
•f  the  national  debt  during  tlie  last  sixteen  months,  with  the 
steady  improvement  of  the  national  credit,  induces  the  belief  that 
the  remainder  of  the  six  per  cent  bonds  can  be  refunded,  within 
a  reasonable  time,  in  accordance  witb  the  provisions  of  the  acts 
before  mentioned.  The  attention  of  Congress  is,  however,  called 
to  the  fact  that,  by  the  terms  of  the  authorizing  act,  the  bonds  to 
be  issued  at  the  rate  of  (our  and  one-half  per  cent  are  redeemable 
at  any  time  after  the  expiration  of  fifteen  years  from  the  date  of 
their  issue.  Bonds  most  easily  placed  on  tho  market,  which  are 
most  sought  for  by  investors,  and  considered  in  all  respects  the 
most  valuable,  are  those  having  a  long  period  to  run.  Taking 
into  consideration  the  fact  that  but  little  inducement  is  offered  in 
the  amount  allowed  as  commissions  for  placing  the  United  States 
loans,  compared  withtbat  paid  by  other  governments,  it  is  thought 
important  to  give  these  bonds  all  the  elements  of  popularity  that 
may  be  possible;  and  the  Secretary,  therefore,  recommends  that 
an  amendment  be  made  to  the  act  of  July  14,  1870,  which  shall 
extend  the  time  of  redemption  of  such  bonds  to  thirty  years  from 
the  date  of  their  issue. 

RESUMPTION   OP   SPECIE   P.\YMENT. 

The  depression  of  business  and  general  contraction  of  values 
which  followed  the  financial  panic  of  1873  have  continued  to  a 
greater  or  less  degree  in  all  parts  of  the  country.  Similar  finan- 
cial convulsions  have  occurred  in  other  countries,  and  their  effects 
are  now  being  felt  to  a  degree  as  great,  perhaps,  as  in  this  country. 
These  disastrous  disturbances  have  been  brought  about  in  our 
own  country  by  overtrading,  over-credit,  and  excessive  enterprise 
of  a  speculative  character,  stimulated  by  too  great  abundance  of 
promises  to  pay,  existing  in  the  form  of  currency  not  based  upon, 
or  convertible  into,  the  only  actual  money  of  the  world  and  of  tlie 
Constitution,  gold  and  silver.  Other  commercial  countries  which 
have  suffered  and  are  now  suffering  from  financial  depression, 
have  felt  the  influence  of  like  causes,  while  in  some  of  them  the 
temptation  to  carry  prosperous  times  to  excess  has,  as  has  often 
happened  before,  led  to  over-production,  and  that  superfluity  of 
trade  and  credit  which  must  inevitably,  sooner  or  later,  be  fol. 
lowed  by  a  collapse,  and  a  corresponding  period  of  depression. 
Although  there  are  gratifying  indications  of  increased  activity  in 
certain  branches  of  business  in  the  United  States,  it  must  be 
admitted  that  confidence  has  not  yet  been  restored  to  the  extent 
necessary  to  bring  about  a  general  revival,  or  to  put  the  trade  and 
industries  of  the  country  upon  a  basis  of  activity  and  permanent 
prosperity.  Nor  is  it  reasonable  to  expect  that  this  will  be  done 
until  there  shall  be  a  nearer  approach  to  resumption  of  specie 
payment,  and  consequent  improvement  in  the  character  of  the 
currency.  The  constant  disturbance  of  exchange  and  fiuetu- 
ation  of  values,  the  uncertainties  of  business,  the  want  of  con 
&ieBco  betweoB  iodividuis,   oorpor&tioss,   and  commaaities, 


which  all  experience  proves  to  be  the  inevitable  result  of  the  use" 
of  a  medium  of  exchange  possessing  no  intrinsic  value,  represent- 
ing no  considerable  amount  of  labor  in  its  production,  and'  not 
convertible  into  that  wliich  is  recognized  as  money  throtfgkbuf 
the  commercial  world,  are  considerations  which  should  claim  the' 
attention  of  every  thoughtful  representative  of  the  people.  How- 
ever rapid  may  be  our  increase  in  population,  wealth,  and  materia? 
strength,  we  cannot  take  the  rank  as  a  commercial  or  business 
people  to  which  we  are  entitled  by  superior  natural  advantages, 
and  the  productive  energies  of  our  population,  or  attract  to  us 
the  surplus  capital  of  the  world,  so  long  as  we  have  fluctuating 
standards  of  value,  and  such  uncertainty  in  our  fiscal  legislat'on 
as  makes  the  assembling  of  Congress  and  our  frequent  elections 
occasions  of  anxiety  and  apprehension,  not  only  with  the  holders 
of  our  securities  abroad,  but  with  business  men  at  home. 

Great  Britain  has  kept  the  value  of  her  pound  sterling  sub- 
stantially unvarying  for  two  hundred  years,  and,  in  consequence 
of  this  steadiness,  it  has  become  the  basis  of  the  transactions, 
not  only  of  British  commerce  and  trade,  but  of  all  the  world. 
In  all  civilized  countries,  Government  negotiations  with  foreign 
money  lenderc  are  madf  upon  this  basis;  and,  as  a  general  rule, 
the  only  foreign  bills  current  all  over  the  world  are  those  which 
are  expressed  in  pounds  sterling  payable  in  London,  which  city 
thus  becomes  the  groat  centre  where  a  true  measure  of  property 
and  debts  can  be  found;  and  hence,  the  commerce  of  the  world 
revolves  around  it,  and  pays  tribute  to  its  commercial  standard. 
With  an  unsteady  and  varying  currency,  haviu '  no  fixed  rela- 
tion to  the  money  of  the  world,  but  always  much  below  its  par 
value,  we  can  never  attain  that  commercial  independence  to 
which  our  great  resources  and  active  population  entitle  us.  ' 

Every  branch  of  industry  and  all  classes  of  people  are  alike 
interested  in  the  restoration  of  a  sound  and  stable  circulating 
medium,  the  laborer  and  producer  no  less  than  the  merchant,, 
bondholder,  and  banker.  The  present  unequal  and  fluctuating 
currency  oppresses  and  injures  laborers  and  producers,  who  con- 
stitute a  great  majority  of  our  peop'e,  far  more  than  it  affects- 
injuriously  dealers  in  money.  The  difference  between  gold  and; 
our  paper  currency  is  a  margin  upon  which  experienced  money 
dealers  do  business,  and  it  is  this  that  gives  the  oppcrtunitv  for 
artificial  combinations  whereby  values  are  increased  or  reduced! 
at  pleasure.  The  purchasing  power  of  the  currency  i.s  iUcMased^ 
or  diminished  by  the  manipulations  of  large  operators  iiitiited  for' 
that  purpose,  and  producers  and  laborers  are  often  made  tv  euf-- 
fer,  without  effective  power  of  resistance.  Kestoration  »t  a' 
sound  and  unvarying  currency  must  bring  better  relative  wajjes' 
with  more  constant  employment,  because  the  value  of  labor,  a». 
of  that  which  it  produces,  will  be  measured  by  a  more  certain 
standard;  and,  with  the  return  of  confidence,  there  must  come 
activity,  prosperity,  larger  markets,  and  greater  demand,  which, 
as  both  reason  and  experience  prove,  do  not  tend  to  lower  wages, 
or  make  employment  less  certain. 

The  claim  that  the  large  issue  of  Inconvertible  paper  cur- 
rency has  been  beneficial  to  producers  is,  perhaps,  sufficiently 
disproved  by  reference  to  the  reports  of  sales  of  leading  articles 
of  produce,  such  as  wheat,  corn,  and  pork,  before  and  since  the 
issue  of  such  currency.  The  most  trustworthy  statistics  show 
that  such  articles  were  sold  in  New  York  during  the  five  years 
from  1870  to  1874,  inclusive,  for  about  the  same  price  that  they 
brought  in  the  five  years  from  18.56  to  1860,  inclusive. 

On  the  other  hand,  it  is  equally  certain  that  the  farmer  has 
paid  increased  prices,  during  the  period  from  1870  to  1874,  for 
articles  imported  for  consumption,  upon  all  of  which  the  dif- 
ference between  gold  and  currency  must  be  paid  by  the  con- 
sumer, who  pays  in  the  latter.  Thus  the  producer  of  domestiie 
articles  is  constantly  subjected  to  loss  in  exchanging  his  productSi 
for  such  articles  as  coffee,  tea,  sugars,  and  other  imported  goods,, 
which  enter  into  daily  consumption.  In  this  connection  it  ehouldl 
bo  borne  in  mind  that  a  greater  volume  of  currency  is  requdred' 
for  the  transaction  of  business  when  it  consists  of  inconvertible' 
paper,  which  does  not  circulate  abroad,  than  when  the  curren<y' 
in  general  use  is  gold,  which  flows  through  every  artery  of  com- 
merce. The  statistics  of  our  foreign  trade  illustrate  this  proposi- 
tion. For  every  imported  article  the  consumer  must  pay  to  the 
importer,  besides  the  cost  in  gold,  increased  by  his  percentage  of 
profit,  as  much  more  as  the  difference  between  gold  and  the  cur- 
rency with  which  payment  is  made.  This  difference,  commonly 
called  the  premium  on  gold,  increases  by  many  millions  the  total 
amount  which  would  otherwise  be  required  to  complete  all  such 
transactions. 

The  proper  office  of  currency,  whether  it  be  gold  or  paper,  is  to 
serve  as  a  medium  of  exchange  for  the  adjustment  of  transactions 
between  buyers  and  sellers.  When  it  is  sound  and  stable,  receir- 
able  in  all  parts  of  the  commercial  world,  the  amount  whidi 
actually  passes  from  hand  to  hand  in  business  transactions  is 
far  below  the  volume  of  business.  A  small  per  cent,  thereof  is 
adjusted  by  the  actual  handling  of  money.  Exchanges  are,  for 
the  most  part,  made  by  transfers  of  credits  through  banks  andl 
other  agencies.  Wherever  exchanges  and  business  transactions; 
are  conducted  on  the  basis  of  coin,  and  paper  convertible  into  it, 
the  volume  will  be  regulated  by  natural  causes.  Money,  like 
merchandise,  will  go  when  there  is  demand  for  it,  and  where- 
something  of  value  can  be  obtained  in  exchange  for  it.  When 
the  financial  panic  of  1857  created  a  demand  for  gold  in  this 
country,  a  ready  and  continued  supply  came  steadily  from  abroad; 
to  meet  the  necessities  of  our  people,  and  brought  speedy  relief. 
Now,  the  enforced  use  of  inconvertible  paper  currency,  not  only 
obstructs  the  flow  of  gold  from  abroad,  but  drives  from  the 
country  the  precious  metals  yielded  by  our  minee. 

Good  and  bad  currency  cannot  be  retained  in  anything  like 
equal  proportions  in  a  country  having  commercial  relations  with 
other  powers  and  peoples.  The  latter  will  drive  away  the  former. 
Ooid  and  silrer  wiU  flow  8^a4il7to  ibose  ipati^oi  the  ocQametcial 


Deeembir  11,   1875.] 


THE  CHRONICLE/ 


563 


world  where  boainefls  la  done  od  the  buis  of  ao  anTarjring 
•taadkrd  o(  ralaas,  and  where  every  Usae  of  paper  is  coavertiblo 
Into  tba  precious  metals  at  'lid  option  of  the  holder,  because  ther 
ar«  needed  there.  Sucli  is  the  ineviuiblu  operation  of  the  law  of 
•apply  and  demand;  and  the  present  limited  and  inadeqiiato 
■apply  of  coin  in  this  coantry  is  chiefly  due  to  this  cause,  (iuld 
has  beeome  a  eommodity  of  trade,  the  price  of  which  from  day  to 
day  depends  largely  upon  the  will  of  those  who  hare  combined 
to  control  the  nurket.  This  presents  a  serious  obstruction  to  all 
productive  industries  and  commerce,  and  introduces  into  busiuf»3 
transactions  an  element  of  uncertainty,  wliich  of'.eu  unsettles  tht? 
most  intellifent  calculations,  and  tends  to  destroy  confidence. 
;vitboat  which  there  can  be  no  real  or  permanent  prosperity. 
Apparent  but  fictilioas  prosperity  has  often  followed  large  issues 
uf  ttredeemabU  paper  currency,  bat  no  result  is  more  certain  to 
Dow  from  a  ffiven  caose,  than' disaster  and  financial  distress  to 
follow  a  period  of  inflation  of  bosineas  and  rrodit  caosed  by 
exesMiTe  Ivoea  of  paper  corren^.  The  philoeophy  wbich 
taadkM  by  example,  as  well  as  the  dedactionit  of  reason,  estab- 
UsIm*  eondoalTely  that  there  is  no  effective  remedy  for  the  evil 
bat  the  lemoval  of  its  caose.  *  *  *  *  * 

The  p>vemment  is  bound,  not  only  by  economic  consideratious 
and  proper  regard  for  the  iote rext  of  the  people,  but  by  •iprp8.-< 
ind  repeated  promifies,  to  provide  Tor  the  redemption  in  coin  of 
all  its  iasoes  of  legal-tender  notes.  The  original  legal-tender 
act  wa«  regarded  ai^  treated  at  the  time  of  its  adopion  as  a 
temporary  measure,  made  noeeosary  and  jaatifiable  only  by  the 
exigroey  of  war,  which  taxeil  all  the  reeoarces  and  eDergies  of 
the  nation.  The  fir*t  act  auth  irizini;  such  iasnee  (Febraary  25. 
1863)  is  entitled  "  An  act  to  authorize  th'i>  issue  of  United  Stat--.* 
note*,  nnd  f>r  tk»  rtiUmptioa  or/unding  tktrtof.  and  for  fnndini; 
til"  <lebi  of  the  United  States."  laagoage  that  siguili- 

>  ('.  ••■«  the  views  of  the  Congreaa  by   which  it  was 

fmas^  •<  authoriaed  the  iame  of  $120,000,000  legal-t«nd<r 
BOIM.  and  made  pforlaioa  (or  f aading  then  in  boods  issned  on 
the  credit  of  the  government,  bearing  inlereet  In  gold,  and 
payable  at  a  future  day.  This  was  the  beat  the  govemH<>nt 
could  do  in  the  midst  of  its  s'rnggle  for  erlsteBCe  and 
riKlitful   sapremacy.     The  state  of  t^  pu  '   did   not 

admit  il>e  poasibillty  of  the  Immediate  prtx^  :   a  sulfl- 

cioat  auoant  ol  eoin  to  ledeem  the  aolea  aixoiutwiy.     A  well - 
tttllad  priaciple  of  political  eeonomj  fofhode  the  Iseoe  of  paper 
wlthoat  provldiag    for  it4  rsdempiioa.  .aod  in  obe- 
IS  msidi 


direaeetl 


ae  the  only  practiieable  provision  for 


,  Uoogn 
the ndemption  of  the  notes  which  it  a'at'horixed  to  be  i'sued  aud 
■tamped  with  the  quality  of  legal  tender.  The  act  of  Jnir  II. 
IM2.  which  authorixed  a  lurtliar  iSMia  of  91.iU,00O.UuO,  contjaord 
a  like  pravtaion,  and  farther  provided  tlial  any  notes  laaued  there 
ueder  miirht  be  paid  in  eoia,  instead  of  beiog  ooaveited  Into 
booda,  at  the  dlacretioD  of  Ute  SeefMary  of  the  Tveaaary,  The 
ootaa  thoa  aothoriODd  wers  iaaoed  aad  aoceptej  l>y  the  people 
apoa  the  aanoioaee  that  titey  had  the  right  to  fond  tlicm  in  gold- 
liearing  boods  of  tlie  roiled  8tatee,  and  this  enosiderat'on  an 
doubl^ly  eoostitnled  an  important  clement  of  tlieir  value,  and 
gave  titem  a  qoatlty  in  aid  of  their  eircolatioa  aad  free  aocept- 
a*ee  la  all  boalnaaa  traaaactioos.  la  the  opinion  of  wise  and 
patriotic  iMn.  who,  as  the  repreaentativea  of  the  people,  were 
ehafgod  »tth  maintaining  tlie  Indiaaolnliility  and  suprraiary  of 
oar  aatioaal  Union,  it  waa  necessary  to  roasrt  to  this  extriior 
dlnaty  measore  for  the  purpose  of  carrying  the  war  to  a  surcess- 
fal  teminalion.  It  was,  in  •nb:itanoe  and  efleci,  a  national  war 
loaa.  iiased  apon  the  crMlIt  of  the  government,  aud  mupled  with 
a  pledge  for  rodemptioa,  but  the  period  of  payment  was  to  be 
tliwfaailer  daleraiaed  when  the  pablic  exijpeiiey  would  permit. 
It  waa  not  In  the  mlada  ofUioae  who  derioaa  and  eonaommated 
the  aefaaae,  thai  thegovemnMnt  waa  aboat  to  enter  upon  the 
isane  of  an  irredeemable  paper  currency,  which  sboald  perma- 
nently Uke  the  place  of  the  world's  measure  of  values  Nor 
was  It  claimed  by  the  moat  earnest  advocate  of  the  measure  that 
the  Constitution  bad  given  to  Coogreas  power  to  iaaoe  a  perma- 
nent paper  earreney  aa  a  sabatitate  for,  aad  sUmped  bv  the  law 
with,  the  aaalltlaa  which,  la  the  eatlmation  of  political  eoono- 
mUta,  coold  eslat  onlr  In  the  preefcrna  metal*.  In  the  liglit  of 
the  erperience  of  ;  1  world,  such  a  purpose  w  .ulcl  liare 

been  regarded  as  1  r   than   fiuanria!    nudness,  and  its 

avowal  by  the  auth<>rj  uf  the  legal-tender  acts  would  surelr 
have  caoaed  the  defeat  of  the  plan  for  exerting  the  borrowing 
P'lwer  of  the  government  by  means  of  soch  Issues. 

But  the  jmnoae  aad  ■anniog  of  the  acU  in  question  are  not 
left  open  for  forsnaie  diamanon,  having  )>•— •■  ■"">">ritatlve|r 
•ettled  by  the  nnaaimona  opinion  of  tlie  hJKli  I  tribunal 

known  to  oar  Oonatitatian.    Aa  aoon  after  tli'-  'onofthe 

war  aa  1808,  It  waa  arroed  Iwfore  the  Supreme  t;oart  that  the 
legal  tender  noteeof  the  United  States  were  Issosd  as  moner,  a 
•aoatitate  for  metallic  currency,  and  that,  bavlnf^  been  luaile 
legal  lendor  in  pnyment  of  all  debts,  iocludlng  (with  ceruin 
*sceptlena)thenT*maieiit's  own.  of  course,  when  presented  for 
pnyment.  If  alaiUar  notea,  being  legal  tender,  were  offered  in 
exchange  for  them,  the  debt  would  be  dtscliarged,  by  a  delivery 
of  now  natea  of  tlie  same  kind,  and  so  on  ad  <i^/U»fita»,  To  this 
argnaent  the  eoart  replied : 


-  ApMtJrgm  the  4saUt7  ofla^  lsa4«  hapnssad  epoolhsB  b*  seta  orOoo- 
grMs.  sf  wtacn  «s  naw  ssj  aetliaK,  tbstr  cncalsdsa  ss  eensnsy  4sM^  noB 
tM estsat to wfeMi Ihsy ■••  issslirf la  ssfBsat.  ea  ths  siiialll/la  Jiiiili 
iloa.  Oft mOmnttll gtvsnie  t>s irBmgti  thy  bssr.    la oUMTrispsctJ  ik.j 

"JM,aBnMMh«taa«,llls«qnalIyciswllnllLseBolss  sn  eMIaMiaas 
or  Ike  UaiMd  ttalaa    Thstr  asms  taBons  oMtaMloa.    Ivan  oosTlkas 

MM.  Ths«sllsrs>itelsBB«s««panatle*ars4site,aiSltlM«skrlBtsBdsd 
tot>essfc.»«ir_af  t>ePall5raa>sr^e«5la  timiurtm  wSuSTtm, 
■««i'*l^«f  *^  ■*>■«'■«■«.«»  «tfc>r  t>s  stsiap  al  tksSBwwawai." 
Thlfl  Mthoritaavn  darlnmUnp  of  the  nunisnis  Cuon  <uOiu.s 
clearly  Ud  precisely  (he  meslhlng  and  inlent  of  X'ongreaa  In  the 


acts  which  authorized  the  issue,  and  should  be  accepted   as  con- 
I  elusive  of  the  obligatioo  and  duty  of  the  government  to  provide 
j  for  the  payment  in  specie  of  all  such  isaues. 
I      Xor  is  thi.s  all.     Subsequent  t  >  this  decision,  and  for  the   pur- 
1  pose  of  putting  a  quietus  upon  the  mischievous  discussion  of  the 
I  subject,  Cjngress,  on   the  18tli  day  of   March,  1869,  declared  by 
public  act  that  "  the  United  States  solemnly  pledges  its  faith  to 
luake  provision  at  the  earliest  practicable  period  for  the  redemp- 
tion of  the  United  Suites  notes  in  coiu." 

These  provisions  of   the  various  acts  of  Congress,  which  were 
paased  with  the  approval  of   the   Executive,  t'le   clear   adjudica- 
I  tion  of  the  Supremr>  Court,  as  nell   as   the  plainest  principles  of 
political  economy,  and  proper  regard  for  the  public  welfare,  com- 
mit the  government  to  the  redemption  in  coin  of  the  notes  issued 
I  under  the  circumstances  before  stated.     Nati'>:ial  faith  and  honor 
could  not   be   more   distinctly  or  unequivocally   pledged  to  the 
I  performance  of  a  plain  duty. 

I  In  view  of  these  8.>lemn  and  repeated  pledges,  it  seems  idle  to 
resort  to  the  consileration  of  eleni -ntary  principles  of  finance  to 
I  prove  the  evils  of  an  irredeemible  paper  currency.  In  the  face 
I  of  saeh  pledges,  disregard  of  which  would  bring  national  dis- 
;  honor,  and  serious,  if  not  irreparable,  injury  to  the  public  credit, 
i  it  can  hardly  be  necessary  to  aiscass  questions  of  expediency,  or 
I  to  point  out  the  Ills  which  the  experience  of  the  civilized  world 
j  shows  must  follow  a  violation  of  well-known  laws  of  political 
economy. 

It  is  among  the  first  and  moet  important  functions  of  govern - 
mi.'nt  to  give  to  its  people  a  sound  and  stable  currency,  having  a 
lixed  relation  to  the  stan''ard  of  values  in  general  use  among 
nations.  The  true  matter  with  which  government  has  to  do  is 
not  so  much  a  question  of  volume  aa  of  soundness  and  stability 
of  the  currency.  When  U  has  established  a  currency  of  fixed 
and  stable  value,  having  a  known  relation  to  that  of  other  pow 
era,  aad  furnishing  a  uniform  medium  of  exchange,  the  volume 
may  aad  should  be  left  to  be  determined  by  the  wants  of  trade 
and  baaioeas.  Natural  canses,  aided  by  individual  effort  and 
enterpriae,  will  regulate  the  volume  of  currency  far  more  wisely 
and  with  greater  safety  to  buainess  tlian  acts  of  Congress  Impos- 
ing  nitUclal  limits,  subject  to  increase  or  dlminutiou  at  everv 
*esii0a. 

The  existing  provision  of  law  making  United  States  notes  legal 
teadar  for  all  debts,  b  >tli  public  and  private,  witli  ceruin  excep- 
tiooa  relating  to  transactions  with  government,  is  an  artificial 
barrier  to  the  use  of  gold  and  silver,  tending  not  only  to  prevent 
the  flow  of  gold  towards  this  country,  but  promoting  the  shipment 
abraadof  oar  own  production  of  the  precious  metals.  Fur  this 
reason,  Ccngress  sliould  abolish  the  legal  tender  quality  of  the 
notes,  as  to  all  contracts  m*de,and  liabilities  arising  after  a  fixed 
day.  The  first  day  of  January,  IHTS>,  b<-lng  aln^ady  fixed  by  law 
as  the  time  when  the  redemption  of  United  States  notes  then 
outataading  shall  begin.  It  would  l>e  proper  and  safe  to  provide 
tliat  aneh  note*  sliall  not  be  legal  tender  for  contracts  ma Je,  or 
liabUiliaa  Incurred  after  the  firnt  day  of  January,  1877.  Such  an 
act  would  not  loo  suddenly  change  the  value  of  the  notes,  and 
wonld  not  affect  injuriously  either  debtors  or  cmlitora.  but  would 
remova  n  pieaent  obstruction  to  the  retention  of  our  gold  and 
silver  prodnction,  and  create  a  demand  for  the  return  of  gold 
now  abroad,  thus  pruinoting  final  resumption  by  preparing  the 
country  for  it. 

In  fortberanre  of  tli>-  purpose  o.'  the  act  of  the  last  Congreaa  to 
provide  for  the  resumption  of  specie  payments,  the  Secretary 
reroounands  that  authority  be  given  for  funding  legal-tender 
notea  intu  l>onds  bearing  a  low  rate  of  interr-st.  Such  bonds 
slioald  ran  for  a  longer  period  of  time  than  those  now  author- 
ized for  refunding  the  interest  bearing  debt,  and  should  be  made 
available  to  national  banks  fordeimsit  to  secure  their  rirculaiion 
and  other  liabilities  to  the  government,  and  should  bear  a  rate  of 
lotereat  so  low  as  oot  to  canve  loo  rapid  absorption  of  the  notea. 
It  aaanii  probable  that  a  bondlH-aring  interest  at  the  rate  of  four 
jier  eent.  would  Invite  the  funding  of  a  aofBdent  amount  of  legal 
lender  notea  to  lessen  materially  the  sum  of  gold  which,  in  the 
abssaea  of  such  provision,  must  be  accumulated  in  tue  Treasury 
by  tkn  lat  of  January,  1879,  to  carry  out  the  imperative  rcquire- 
menlaof  the  act  of  January  14,  In;,';.  If  it  be  apprehended  that 
aiitltoriiy  to  the  Secretary  to  fund  an  anlimlte<l  am-^nnt  of  r.otes 
'  "I  to  too  sadden  contraction  of  the  currency,  CongreFa 
:  the  amount  to  be  funded  in  any  given  period  of  time. 
■■"»  being  In  no  sense  compulsory  as  to  the  holders  of 
itea  notes,  and  the  rate  of  intenist  on  the  bonds  being 
' .  U  lanot  probable  that  currency  which  could  find  proSt- 
aiile  emplovment  woald  be  presented  for  redemption  in  aneh 
Ixmds.  Only  the  excess  of  notes  above  the  needs  of  buatness 
would  seek  such  conversion.  Authority  to  the  Secretary  of  the 
Treaaniy  to  redeem  and  cancel  two  million  of  legal -tender  notes, 
per  month. by  ibis  process,  wonld  greatly  facilitate  redemption  at 
the  Ubm  now  fixed  by  law,  and  besldea  would  have  the  advantage 
of  pablldty  u  to  the  exact  amount  to  be  withdrawn  in  any  given 
month.  Bonda  Issued  for  this  pur|>oae  should  be  of  the  denomi- 
nation of  fifty  and  one  huodre<l  dollars,  and  any  multiple  thereof, 
in  Older  to  meet  the  convenience  of  all  classes  of  holders  of 
United  States  notes.  The  faith  of  the  government  now  stands 
pledged  to  resumption  on  and  after  January  I,  1879,  and  to  the 
Snal  fodemption  and  removal  from  the  currency  ot  the  country 
of  the  legal  tender  notes  aa  fast  as  they  aball  be  presented  for 
redemption,  according  to  the  provisions  of  the  act  of  January  14, 
1875.  To  resume  on  the  1st  of  January,  1879,  without  further 
legislatioo,  would  require  the  accumulation  of  a  large  amount  oi 
gold  in  tlve  Treasary  In  order  to  avert  the  possibility  of  failure  of 
the  plan.  Such  an  aniouut  of  gold  can  be  procured  with  difficulty, 
and  not  withouj  more  or  leas  emliarrasslng.eflfect  upon  the  traos- 
and  ctt^Otf  (iee~  of  our  own  and  other  countries  The  prsaeot 
abandance  and  cheapness  of  both  currency  and  capital,  preaantan 


654 


(THE 'CHRONICLE. 


(December  11, 1875. 


favorable  opportunity  for  the  withdrawal  and  redemption  of  a 
coDsiderablo  part  of  the  outatanding  legal-tender  notes,  thereby- 
making  easy  and  effectual  the  redemption  now  pledged.  Such 
withdrawal  of  legal-tender  notes,  thus  dispensing  with  the  neces- 
sity for  accumulating  gold  in  the  Treasury  in  proportion  to  the 
amount  withdrawn,  would  tend  to  appreciate  those  remaining 
outstanding  and  make  it  easier  to  protec^and  keep  in  circulation 
the  silver  coin  now  authorized  to  be  issued. 

Tlio  act.  last  referred  to  is  an  express  recognition  of  the  duty 
and  obligation  ol  tlio  government  to  resume  specie  payment  at 
the  day  therein  named;  and,  however  widely  different  may  be 
the  views  of  intelligent  persons  upon  the  means  adopted  by  Con- 
gress, it  is  gratifying  to  know  that  the  end  sought  to  be  reached 
hag  met  the  concurrence  of  the  country,  and  that  a  majority  of 
the  people,  wherever  the  matter  has  been  publicly  and  fully  dis- 
cussed, have  signified  their  approval  of  the  determination  of 
Congress  to  be  faithful  to  its  pledges,  and  to  relieve  them  of  the 
ills  of  an  irredeemable  paper  currency. 

The  act  in  question  not  only  makes  express  provision  for 
resumption  at  a  fixed  date,  but  commits  the  government  to  the 
use  of  all  such  means  as  may  bo  needful  to  that  end.  If  expe- 
rlence  shall  show  that  the  means  provided  by  Congress  need  to 
be.Bupplemented  by  further  legislation  for  the  easier  and  more 
certain  accomplishment  of  the  end,  it  must  be  assumed  that  Con- 
gress will  not  suffer  the  great  purpose  to  be  impeded  for  want  of 
such  additional  legislation.  The  act  confers  large  powers  on  the 
Secretary  of  the  Treasury,  touching  the  issue  of  United  States 
bonds  for  the  purpose  of  procuring  the  supply  of  gold  necessary 
to  execute  such  of  its  provisions  as  go  into  immediate  operation, 
and  to  provide  for  the  redemption  in  gold  of  United  States  notes 
outstanding  on  and  after  the  Ist  of  January,  1870.  In  this  respect 
the  power  conferred  on  the  Secretary  is  ample;  but  if,  for  any 
cause,  it  should  bo  found  impracticable  to  accumulate  in  the 
treasury  a  sufficient  amount  of  gold  to  carry  out  the  provisions 
of  the  act,  the  Secretary  is  left  without  the  choice  of  other  means 
to  accomplish  the  end.  It  may,  perhaps,  be  doubted  whether 
the  process  of  accumulating  a  large  amount  of  gold  by  a  given 
time  could  go  on  without  meeting  opposition  from  the  financial 
powers  of  the  world.  It  is  safe  to  say  that  so  large  an  amount 
of  gold  as  would  be  required  to  carry  out  the  purpose  and  direc- 
tion of  the  act  cannot  be  suddenly  acquired.  It  can  be  done  only 
by  gradual  processes,  and  by  taking  advantage  of  favorable  con- 
ditions of  the  money  market  from  time  to  time. 

The  loss  of  interest  on  large  sums  hoarded  in  the  treasury  for 
a  considerable  period  in  advance  of  January,  1879,  is  a  consider- 
ation not  to  be  disregarded,  although  it  should  not  be  permitted 
to  outweigh  the  benefits  to  result  from  full  and  complete 
execution  of  the  act. 

The  Secretary  regrets  that  the  condition  of  the  treasury  has 
been  such  as  to  render  it  necessary  to  make  sales  of  gold  coin 
from  time  to  time  to  meet  current  expenditures  payable  in  cur- 
rency. -  Such  sales  have  been  made  in  New  York  city,  upon 
public  notice,  in  accordance  with  the  plan  previously  adopted, 
and  have  been  limited  from  month  to  month  to  the  amount  neces- 
sary to  keep  on  hand  a  sufficiency  of  currency  to  meet  probable 
demands  upon  the  treasurj-  under  existing  appropriations.  It  is 
the  desire  of  the  Secretary  to  retain  in  the  treasury,  so  far  as 
practicable,  the  gold  received  from  customs,  and  sales  are  discon- 
tinued whenever  the  balance  of  currency  in  the  treasury  is  suf- 
ficient to  meet  currency  payments. 

COINAGE. 

The  report  of  the  Director  of  the  Mint  presents  in  detail  the 
operations  of  the  mints  and  assay  offices. 

The  amount  of  bullion  received  and  operated  upon  during  the 
last  fiscal  year  was  : 

Gold $43,152,.5&4  50 

Silver 18,3W.40(i  OT 

Total $61,456,990  57 

Deducting  re-deposits,  bars  made  and  issued  by  one  institution 
and  deposited  at  another,  the  deposits  were: 

Oold $35,556,593  90 

Silver 16,070,636  54 


Total $54,620,920  44 

The  coinage  for  the  fiscal  year  was  as  follows: 

No.  of  pieces.  Value. 

Oold  l,':3y,0«2  $33,553,965 

Silver S2,823,ai6  10,070,368 

Mmor 14,629,500  230,375 


$43,854,706 


Value. 
$5,6.17,500 
4..372,S63 


Total 89,191,T;8 

The  silver  coinage  consisted  of: 

No.  of  pieces. 

Tradedollars 5,697,500 

Siibsidiary  silver  coin 17,125.716 

From  the  close  of  the  fiscal  year  to  October  31,  1875,  the  sub- 
sidiary silver  coinage  has  amounted  to  $3,895,010,  which  added 
to  the  coinage  of  the  year,  makes  a  total  subsidiary  silver 
coinage  of  $8,367,878. 

The  bars  manufactured  were: 

Gold $16,019. "^79  93 

SUver....    7,0-29,430  54 


TotU $i3,049,310  47 

At  the  mint  in  San  Francisco,  a  large  refinery  has  been  equipped 
and  put  in  successful  operation,  and  that  institution  is  now  in  a 
condition  to  meet  the  large  and  increasing  demand  for  refining 
and  coinage  at  that  point. 

The  rooms  formerly  occupied  by  bankers  In  the  assay  office  at 
New  York  have  been  altered  and  repaired,  and  will  hereafter  be 
devoted  to  the  operations  of  that  office.  The  additional  capacity 
thus  given  is  necessary  to  meet  the  increased  demands  for  refining 
bullion  in  that  citv. 


Additional  annealing  furnaces  have  been  erected  at  the  mint  in 
Philadelphia,  and  the  coinage  macliinery  at  the  Carson  City  mint 
has  been  duplicated,  thereby  increasing  the  coining  capacity  of 
I  both  institutions. 

The  change  in  the  relative  values  of  gold  and  silver  is  con- 
sidered at  some  length  by  the  Director,  and  the  various  causes 
producing  the  result  are  clearly  set  forth  in  his  report,  and  are 
Wortliy  of  careful  attention. 

The  diminished  use  of  silver  coin  in  various  European  coun- 
tries, and  the  increasing  production  of  our  silver  mines,  would 
appear  to  render  the  pie.sent  a  very  favorable  time  for  procurin  ■■ 
supplies  of  bullion  for  the  manufacture  of  silver  coin  to  be  used 
in  the  redemption  of  the  fractional  currency. 

So  much  of  the  act  of  January  14,  1875,  as  relates  to  the  pur- 
chase and  coinage  of  silver  for  redemption  of  fractional  currency, 
has  been  put  into  ])artial  operation,  and  is  now  being  executed 
as  rapidly  as  the  exigencies  of  the  case  will  admit.  Since  the 
passage  of  the  act,  8,343,043  ounces  of  silver  bullion  have  been 
purchased,  at  an  average  price  of  111  410  cents  per  standard 
ounce.  The  mints  have  bsen  put  into  active  operation,  and  the 
aggregate  amount  of  silver  coin  now  in  the  Treasury  is  illlO.OOO,- 
000. 

The  Secretary  has  been  urged  to  begin  the  work  of  resump- 
tion by  issuing  silver  coin  in  redemption  of  outstanding  cur- 
rency,  and  it  has  been  insisted  that,  under  the  first  section  of  the 
act,  he  has  no  discretion,  but  must  issue  the  silver  coin  as  fast  as 
it  can  be  turned  out  from  the  mints.  While  the  act  requires  the 
coinage  to  proceed  as  rapidly  as  practicable,  it  does  not,  in  terms, 
require  the  Secretary  to  issue  it  at  once;  nor  does  it  fix  the 
period  of  time  when  the  issue  must  begin.  For  obvious  reasons. 
It  has  been,  and  yet  is,  impracticable  to  put  or  keep  silver  coin 
in  circulation.  The  present  depreciation  of  currency  below  gold 
precludes  the  probability  that  silver  would  remain  in  circulation, 
and,  therefore,  it  has  been  deemed  impracticable  to  issue  it  for 
the  present,  or  until,  by  the  nearer  approach  of,  or  greater 
preparation  for,  general  resumption,  there  shall  be  such  an  ap- 
preciation of  the  circulating  currency  of  the  country  as  would 
give  assurance  that  the  silver  coin  to  be  issued  would  not  be 
hoarded  for  shipment  abroad,  or  converted  into  plate  and  jewelry, 
or  reduced  to  bullion. 

The  report  of  the  Director  gives  valuable  information  in  rela- 
tion to  the  precious-metal  miues  of  the  United  States,  and  of  the 
extensive  developments  recently  made  in  the  Pacific  States. 
The  mining  industry  of  the  precious  metals  appears  to  be  in 
a  very  prosperous  condition,  and  affords  every  reason  to  believe 
that  the  yield  for  the  next  four  or  five  years  will  show  a  marked 
increase  over  the  production  of  recent  years. 

BEVENl'E  FROM    CUSTOMS. 

The  receipts  from  customs  for  the  year  ending  June  30, 1874, 
were  $103,103,833  19,  and  at  the  corresponding  date  of  1875  they 
were  $157,107,733  35,  a  decline  of  $5,930,111  34. 

The  receipts  for  the  first  quarter  of  the  current  fiscal  year  were 
$44,333,080  35,  while  for  the  corresponding  period  of  last  year 
they  were  $40,051,300  10,  showing  a  decrease  of  $3,417,573  85. 

For  the  months  of  October  and  November,  1875,  the  receipts 
were  $23,930,950  33,  and  for  the  same  months  of  last  year  they 
were  $33,755,811. 

The  effect  upon  the  customs  receipts  of  the  act  of  February  8, 
1875,  imposing  duties  on  certain  articles  therein  enumerated,  and 
making  additions  to  the  free  list,  cannot  yet  bo  stated  with  cer- 
tainty. Nor  is  it  possible,  at  present,  to  determine  with  accu- 
racy the  effect  of  the  act  of  March  3,  1875,  restoring  the  ten  per 
centum  of  duties  repealed  by  the  act  of  June  C,  1873. 

The  following  statement  of  importations  of  the  classes  of  mer- 
chandise chiefly  concerned,  :s  derived  from  the  Bureau  of  Sta- 
tistics, and,  to  some  extent,  serves  to  show  the  effect  of  the  act 
of  March  3,  1875,  on  the  duties  received: 

Value  of  Importations  of  cotton,  glass  and  glassware,  India  rub- 
ber and  gutta-percha,  iron  and  steel,  leather,  metals  not  other- 
wise provided  for,  paper,  straw,  wool  {including  hair  of  alpaca. 
&c.\  and  manufactures  thereof,  for  the  nine  months  "ending 
September  30,  1874  $94,917,416  00 

Value  of  importations  of  same  articles  for  corresponding  period 
of  1875  (including  the  seven  months  next  succeeding  the  act  of 
March  3,  1875) 81,2-«,54a  00 

Decrease $13,698,874  00 

This  decrease  was  occasioned  principally  by  the  falling  off  in 
two  classes  of  importations,  viz: 

Iron  and  steel  and  manufactures  thereof $8,260,066  00 

Wools  and  manufactures  thereof 3,944,208  00 

Total $12,804,274  00 

Returns  for  the  four  months  ending  June  30,  1875,  show  that 
of  imjiortatious  for  that  period  amounting  to  $30,547,005,  duties 
have  been  paid  on  $33,639,000  withdrawn  for  consumption, 
yielding  $10,954,719  of  revenue.  In  this  amount  is  of  course 
included  the  ten  per  centum  restored  by  the  act  of  March  3,  1875, 
showing  an  apparent  increase  for  four  months  of  $1,095,471  90. 
But  in  this  connection  there  is  to  be  considered  the  fact  that,  for 
the  corresponding  period  of  the  year  1874,  the  importations  of 
the  same  classes  of  merchandise  amounted  to  $30,033,407,  show- 
ing a  decrease  in  importations  for  the  four  months  ending  June 
30,  1875,  of  $5,475,403,  of  which  $4,800,378  is  due  to  the  falling 
off  of  importations  of  iron  and  steel  and  manufactures  thereof. 
It  is,  therefore,  difficult  to  determine  in  the  light  of  returns  now 
at  hand,  to  what  extent  the  apparent  increase  of  revenue  resulting 
from  the  repeal  of  the  ten  per  cent  reduction  is  offset  by  the 
decrease  in  importations,  *nd,  consequently,  in  the  amount  of 
entries  for  consumption  on  payment  of  duties. 

In  relation  to  the  twenty  five  per  cent  increase  of  duty  on  sugar 
and  molasses,  under  the  act  of  March  3,  1875,  it  is  still  more 
difficult  to  determine  the  effect  on  the  revenue.  Owing  to  the 
change  of  classification  and  of  drawback  on  refined  sugar  export- 


D«ember  11,  1876,] 


THE   CHRONJCLE 


655 


ed.  together  with  the  f«ct  that  hardly  sufllcient  lime  has  elajweH 
to  enable  a  eomparative  Btatt-ment  of  niach  valae  to  be  prepaoHl, 
the  increase  of  lerenae  derivwl  from  the  additional  duty  leTieU 
cannot  be  giren.  The  actual  inrreaae  o(  duty  eollected  from  the 
time  the  art  took  effcn,  March  3.  1875,  to  June  30,  1875,  w«a 
f3,44.'{,017,  bat  how  far  this  increase  la  affected  by  the  cUssifica- 
tioo  and  drawback  cannot  be  determined  with  arcurary. 

Pareoant  to  tbeact  of  June  18,  1874,  admitting  free  of  duty 
artiHffl  intended  for  the  International  Exposition  of  187A,  at 
Philadelphia,  under  such  regulations  aa  the  BecrelaiT  of  the 
Treaanry  sltall  preecriiie,  collectors  of  cuatomaatthe  rarious  porta 
bare  been  furnished  with  regulations  designed  to  corer  the  sub- 
ject in  the  spirit  and  intent  of  the  act.  It  is  hoped  that,  whiU- 
these  regulation*  will  afford  all  reaaonable  facilities  for  thtf  iiij. 
portatlon  of  aurh  articles  as  may  be  consigned  for  exhibition  from 
the  rariona  nationalities  of  the  world,  they  are  so  guarded  as  to 
prerent  frauds  npon  the  revenue  by  peraons  who,  under  preteno- 
of  belBff  exhibitors,  may  attempt  abuses  of  the  pririleg«s  accorded 
them. 

The  gvneral  riewa  held  and  TOgm>tioiis  made  in  the  report  sub- 
mitted to  Congreas  in  Deeember,  1874,  in  the  diseoaalon  of  the 
tariff  laws,  regarded  solely  as  revenae  measures,  are  still  enter- 
tained, and  are  referred  to  now  with  the  added  suggestion,  that 
etperieoeed  has  shoaa  that  when  duties  are  imposed  upon  anr 
articles  at  rates  so  hirh  as  to  be  almost  prohibitory,  injury  is  don>- 
the  revenue  by  leasening  the  amount  of  the  importatmn  of  sudi 


articles,  besides  indadag  a  tendency  to  augment  the  evil  of  their 
claadeatlne  introdnctioa. 

la  the  eoHsctloa  of  datlaa  npon  importations,  two  evils  an- 
ckMiy  operative  to  prevent  the  government  from  reallaiag  the  full 
meaaata  of  ravenna — flrst,  smaggUng,  and  secondly,  unaervalua- 
lion. 

The  Aral  of  theae  evils  is  more  (enarally  prevalent,  e«T»^«!lr 
on  the  northern  fnmiier,  than  is  commonly  sup|>ose<l. '  ' 
lies  allending  a  proper  surveillance  of  that  frontier,  n 
ing  rirenmslanees,  being  very  great,  if  not  in  some  respects 
insnrmeaatable.  Witboul  goiiig  into  full  details,  it  may  be  said, 
by  way  of  Ilioatralion,  that  in  the  four  collection  districts  of 
Vefinoat,  Champlain,  Oswegatchie,  aitd  Cape  Vincent,  having  a 
frontier  line  of  more  tlian  thre«  hoodred  ulle<<,  trith  eight  prin- 
cipal porta  or  stations  aad  forty -one  minor  sta-  r  dednctini; 
the  nnmlier  penaaaeatly  employed  at  sneh  ,  (lolnts  and 
fbar  for  service  in  Canada  in  connection  witii  trie  f^Wag  of  cam. 
there  are  but  Afty  nine  offlcera  remaining  for  service  at  the  minor 
statioos  aod  as  a  ooaat-guatd  to  prevent  smoggllag.  Oedaeting 
f raoi  lUa  naabar  ona  oOear  fbr  parmaneat  aervloe  at  mA  minor 
alaUoa,  thaw  remain  bat  foartean  as  a  preventive  for«s,  or  leas 
tbaa  ooa  man  for  everv  twenty  one  mile*  of  frontier. 

Thcaa  statistics  apply  to  portion*  of  the  botder  which  offer 
speedy  and  direct  means  of  travel  Iwtweeu  Canada  and  the  rnil<-<l 
DMtm,  and  which,  dartngsaveial  ■oaths  of  the  rear,  are  tlirooge<l 
by  irsvelUra  of  evarj  condition  and  with  every  variety  of  object  iu 
view,  fram  thoaa  bant  ■ataly  en  plaaaare  or  legiiinia'ie  business, 
to  those  wiMaa  ^iaf  oecnpauon  Is  to  dafraad  tlie  revenae. 

lafonaatlon  obtained  by  the  IVpartmenI,  from  trostwortliv 
sourrss,  renders  It  qalte  certain  that  systematic  fraud*  have  been 
perpetrated  by  Hrouggling  over  the  border  winea,  brandy.  anJ 
other  article*  of  merebaudise.  Similar  observations  might  be 
made  as  to  other  (larta  of  oar  frontier. 

Tha  iscond  ganeral  eaoae  which  operates  to  prevent  the  gov- 
emmsiit  nraoi  rseeiving  Its  fallmeaaarx  .>f  Hm->  {•  nadervaloauon, 
a  aoaree  of  perhaps  greater  loo*  than  •■  Hence  of  tmag- 

glli^:.    Thlsaril  isattrlbatable,  in  p>-  deviaea  of  dis- 

ngaeal  Inmerter*,  in  part  to  the  fluctuattmi  in  market  values,  bat 
more,  pnbably,  to  the  defects  of  the  appraisement  aysteiu  Itaelf. 
WittMoS  dlaparagament  of  tba  class  of  oOtoeis  known  as  local 
appsataoHk  mb^  »t  thorn  of  imam  •tfmimm  and  of  the  most 
na^nostlsnsd  Integrity,  It  cnnaol  ba  denied  that  there  U  often 
vet;^  grant  diversity  at  the  diSsrant  porta  rscafdlng  the  claaeiH 


cation   aad 


valnatiun  of  morehandlsa.  WhlU  this  diversity 
arlsso  from  an  honest  difciancs  of  optsioo.  It  not 
oafreqaently  happoaa  that  thars  is  eolloalve  actioa  between 
aoalstanu  or  other  sobordlnntea  of  the  appraiaars.  and  the  Import- 
ers, which,  when  onea  b«f  on,  fai  a  aooiee  of  eonetant  loss  to  the 
revanoe  oe  wall  as  of  lajaij  to  honaat  marrhaala. 

Tn  eomct  thoM  evils  the  oflee  of  gaaoml  nMnlser  was  creatol ; 
and  to  thaaa  ofleen.  five  in  namber .  sapervWoo  over  appraiser* 
aad  their  assistants  is  conunltted  by  law.  But  can  satisfactory 
rasalla  be  anticipated  from  their  labors  when  the  largo  extent  of 
their  Sold  of  operatlooa  la  considered  in  oonncctioa  with  their 
Undled  aomber  T  To  the  yenaial  appraiser  at  Boston  are  assigned 
porta  aad  districts,  thirty  B  ve  laftiamber.  To  the  ganeinl  appraiit- 
er  at  Maw  York,  the  district  of  N'ew  York  dly.  To  the  ganeial 
appmioerat  Phibidelphia,  twenty-two  ports  aod  districts.  To  the 
Ml  nessl  aMtalsar  at  Baltimors,  fifty-seven  districlsand  porta.  To 
tnegsnsral  appraiser  st  Ni-w  Orleans,  eighleen  districts  aad  porta 

The  labors  ar  '>f  these  oflkers  have  been    greatly 

Inctsaoed  by  tb<'  ,  f  immi-diato  transportation  granted  to 

Imporinn  in  the  interior  uy  the  act  of  1870,  whereby  this  number 


of  porta  foanlHa*  the  nitontion  of  the  general  appraisers  is 
enlofgad  and  mattarmiity  of  ralaation  rendered  moeh  more  difll- 
calt 

The  first  general  soggeaUna  which  pi  vmmtM  itaelf  by  way  »f 
rMMdj  for  some  of  tha  defeeta  of  the  preseht  svsiem  of  appraise- 
nisls  la  an  Inersasa  In  the  naniber  of  gonerai  appraisers,  to  be 
drawn  fhm  the  tanks  of  snbordloata  oAesrs  of  nquislte  aliility 
and  *»psriencs;  and,  secondly,  a  consolidation  of  eomoms  districts, 
by  which  minor  districts  would  be  merged  in  larger  ones,  thus 
tadadng  the  sphein  of  aclloa  of  this  class  of  olBcers,  and  enabling 
them  to  coaesntiala  thoTr  efforts  to  better  advantage. 
In  connection  with  the  geneiml  sabieet  of  a  consolidation  of 
^         diatrlcta,  it  may  be  remsrhed  that  an  examiaation  of 


statistical  returns  from  all  the  districts  In  the  United  States  will 
show  that  in  some  of  them  the  amount  of  businesa  transacted  ia 
not  sulBclent  to  justify  keeping  up  the  corps  of  officers  whose 
aggregate  compensation  exceeds  the  amount  of  revenue  collected 
by  them,  and  who  can  render  adequate  return  only  by  acting  as  a 
preventive  or  detective  force.  That  species  of  service  requires  a 
greater  numl>er  of  officers  to  goard  exposed  lines  of  coast  and 
frontier  than  existing  circumstanoea  will  permit.  Consolidation 
of  a  namber  of  districts  would  facilitate  the  performance  of  such 
daties,  besides  securing  a  reduction  of  the  aggregate  exp*>P8es. 
And,  as  auxiliary  to  this,  it  is  recommended  that  fixed  salaries  be 
made  applicable  to  all  porta  and  districts,  and  that  all  officers  be 
required  to  pay  into  the  treasury  all  fees,  pertjaisitcs  and  emolu- 
ments, of  whatever  nature  or  character,  received  by  tliem. 

Another  remedy,  and  the  moat  effective  which  could  be  adopted 
for  correcting  the  evils  of  the  appraisement  system,  is  the  sub- 
stitntion,  so  far  as  practicable,  of  spedfic  for  ad  valorem  duties. 
This  chani^u  would  work  a  great  reduction  in  the  amount  of  labor 
requiring  the  linowledge  of  experts.  The  entire  process  of  ascer- 
taining duties  would  be  more  simple,  certain  and  safe.  Oppor- 
tnnitler  for  collusive  undervaluation  would  be  greatly  lessened, 
and  if  emtrs  were  committed  they  could  nut,  as  to  spedfic  rates 
and  amount.t,  l>e  accounted  for  except  upon  the  supposition  of 
cul|>able  negligence  or  actual  fraud;  whereas,  in  respect  to  ad 
valorem  duties,  an  error  of  judgment  may  readily  be  assigned  as 
a  safflcient  explanation. 

Sach  change,  either  with  or  without  a  decrease  in  the  numl>er 
of  dntiable  articles,  would  insure  a  very  conaiderable  reductiou 
of  the  force  at  the  chief  ports,  with  a  consequent  diminution  of 
eiBsnais. 

ne  revised  tariff  contains  thirteen  sebedales,  embracing 
upwards  of  fifteen  hundred  dutiable  articles,  which  are  either 
distinctly  specified  or  included  In  general  or  special  classifications. 
To  these  must  be  added  nearly  one  thousand  articles  not  enumer- 
ated, bttt  which,  under  the  general  provisions  of  sect  ions  8,480 
and  8,916  of  the  itevis-^d  Statutes,  would  be  assigned  a  place  oa 
dadable.  either  by  virtue  of  similitude  to  some  enumerated  article, 
or  as  article*. "manufactured  or  unmanufactured,  not  otherwise 
provided  for,  making  over  twenty-five  hundred  in  all.  The  free 
list  coolaiD*  an  enumeration  of  over  aix  hundred  articles,  thus 
conetltuting  a  total  aggregate  of  more  thaa  three  thousand  artldea 
embraced  by  the  tariff,  either  as  dutiable  or  free. 

Of  articles  subject  to  duty,  and  either  named  in  or  subject  to 
spedfle  claaoifleation  by  schedule,  eight  hundred  and  twenty-three 
pay  ad  valorem  ratea  varying  from  ten  to  seventy  five  per  cent ; 
five  handre<l  and  forty  one  pay  specific  daties  according  to  quan- 
tity or  weight;  and  one  hundred  and  sixty  pay  compound  or  both 
spedfic  au<t  ad  valorem  rates. 

The  articles  to  be  dealt  with  under  sections  3.4M  and  2,510, 
which,  a*  before  staled,  number  nearly  one  thousand,  must 
necesMrily  be  subject  to  either  specific,  ad  valorem  or  compound 
duties^  bat  in  what  proportion  it  is  Impracticable  to  state. 

Froa  this  general  recapitulation  of  the  features  of  the  tariff 
with  reference  to  the  number  of  articles  embraced  in  it,  and  the 
variety  of  rates  applicable  thereto  to  aay  nothing  uf  questions 
aridltg  under  the  free  list,  it  Is  evident  that  ev«^  step  taken 
towatur  '  'a  more  compact  and  simple  system  of  duties 

on  lm(«<  ntribute,  nut  only  to  the  ullimatu  safety  of  the 

cutonu  rvveiiui',  but  to  its  more  prompt  and  economical  collec- 
tion. 

Bnt  the  only  sure  reiiii>dy  for  the  eviU  of  smuggling  and  col- 
lorfTO  or  other  undervaluation*  lies  at  last  in  the  seleclion  and 
rattnUoa  of  faithful  and  competent  offlcera.  Neither  laws  Dor 
regnlMlon*,  however  stringent  or  minute,  will  accomplish  the 
dasliad  rraults  without  faithful  officers  to  execute  ihem. 

Befsrring  to  the  estlmatos  of  receipts  and  expenditures  for  the 
nest  fiscal  yesr,  and  to  the  neceodty  now  existing  fur  the  accumu- 
lat!'-  "'  -—Id  In  the  Treasary,  the  SecreUry  again  calls  the 
ati'  I  'ongrsss  to  the  effect  of  the   act  of  1872,   n>|>ealing 

tilt'  ' offeeond  tea.     In  his  last  annual  re|>ort  the  .Secretary 

euretsed  the  opinion  that  the  act  admitting  those  ariiclea  to  ireti 
enorjr  had  Iwen  without  advantage  to  consumers  In  this  country, 
bat  thn'  y  repealed  bod   been  added  to  the  cost  abroad. 

The  rep  v  has  been  followed  by  Increase  of  export  duty 

in  the  cutiiiiii-x  u{  production,  and  this  Increase  is  pala  by  con- 
sumen.  Subseqoent  oonslderatioo  of  the  subject  has  confirmed 
the  views  heretofore  expressed,  and  the  Secretary  recommends 
restoratloc  of  the  duty  on  the  articles  in  question.  Being 
importadf  i*  large  bulk,  tlie  duty  is  easily  collected,  and  the 
oupMtBBitlea  for  fraaduleat  introduction  are  comparatively 
sllcht. 

Dating  the  lUcal  rear  1875  the  coat  of  collecting  tln'  revenue 
(hMBMMoma  was  reduce*!  more  than  half  a  million  dollars  per 
aannii  by  dropping  froiu  the  rolls  In  the  various  customs  districts 
a  consideiable  numlier  of^offlcera  and  employees,  and  by  reducing 
the  MJariea  of  others,  which  are  not  fixed  by  law,  but  are  under 
the  control  of  the  SecreUry. 

There  has  been  a  large  falling  off  In  the  aggregate  amoiint  of 
fioes,  penalties  and  forfeiture*  coiuiected  with  the  customs,  which 
cnnstltate  part  of  the  appropriation  for  the  expenses  ofjcollecting 
the  revenue  from  ciutoms.  The  amount  received  from  that 
BOtnee  for  the  flrst  quarter  of  the  current  fiscal  yearj  is  only 
$28.8)1  73.  aod  it  is  estimated  that  for  the  entireyaar  the  amount 
wlil  fall  about  liMO.OOO  below  the  sum  received  from  tbo  same 
source  for  the  fiscal  year  1873. 

In  view  of  thU  decline,  further  reduction  of  expenses  lias 
recently  been  made  at  the  rote  of  a  little  more  than  a  milli<jii 
dollars  per  annum,  whidi  secures  a  decrease  of  nearly  six  liundre<l 
tboiUiwl  dollar*  for  the  remainder  of  this  fiscal  year.  Whether 
the  ndaetlon  can  be  maintained  without  danger  to  the  revenue, 
remains  to  be  determined.  The  power  of  the  Secretary,  however, 
does  not  extend  beyond  the  appropriations  mode  by  Congress, 


656 


THE   CHRONICLFl 


[December  11,  1876. 


and  it  is  his  purpose,  as  well  as  his  duty,  to  keep  the  expenses 
within  the  amount  authorized  by  law. 

A  detailed  statement  of  the  various  sums  of  money  refunded 
under  the  provisions  of  the  act  of  March  3,  1875,  and  other  acts 
of  Congress  relating  to  the  revenue,  together  with  copies  of  the 
rulings  under  which  repayments  Luve  been  made,  has  been  pre- 
pared, and  may  be  found  in  the  tables  accompanying  this  report 

INTERNAL  REVENUE. 

&  The  report  of  the  Commissioner  of  Internal  Revenue,  herewith 
transmitted  to  Congress,  presents  fully  the  condition  of  this 
branch  of  the  revenue,  with  estimated  receipts  for  the  remainder 
of  this  fiscal  year,  and  explains,  as  fully  ag  can  now  be  done,  the 
effect  of  the  act  of  the  last  Congress  upon  receipts  from  the  tax 
on  distilled  spirits  and  tobacco. 

The  following  tabular  statement  shows  the  comparative  receipts 
from  the  various  sources  of  internal  revenue,  for  the  fiscal  years 
ending  June  30, 1874 and  1875,  respectively: 


Sonrces. 


Spirits 

Tobacco ... 

Fermented  liquors. . . 
Banks  and  bankers  . . 

Penalties,  &c 

Adhesive  stamps 

Back  taxes  under  re- 
pealed laws 


1874. 


$49,444,089  85 

3.3,242,87$  62 

»,.'504,679  78 

8,387,160  67 

3fr<.216  84 

6,186,844  M 

764,880  14 


1876. 

$r)2,081,9!ll  12 
37.303,461  88 
9,144,004  41 
4,(197,24'*  12 
2^1. 1(7  6: 
6,557,829  6.i 

1,(80,111  41 


Increase. 


$2,637,901  27 
4,060,586  26 


710,087  45 
4a)',3i5'6l 
315,231  30 


D(!Crease. 


$ 

160,875  si 
63,163' 78 


Total $102,644,746  98  $U0,E45.1M  23  $8,1-44,191  2'i'  $243,7c4  04 


This  table  is  made  up  from  tlie  reports  of  collections  made  to 
the  Commissioner  of  Internal  Kevenue,  which  include  commia- 
sious  on  sales  of  stamps  paid  in  kind,  and  therefore  do  not  enter 
into  the  actual  cash  receipts  of  the  treasury.  They  inclu'^e,  also, 
sums  reported  as  collected  but  not  actually  paid  into  the  treasury 
at  that  time.  Hence  there  is  an  apparent  discrepancy  between  the 
totals  here  shown  and  the  aggregate  amount  deposited  on  account 
of  internal  revenue  as  shown  by  warrants  covering  the  same  into 
the  treasury  for  tlio  fiscal  year. 

The  receipts  from  internal  revenue  for  the  first  quarters  of  the 
fiscal  years  ending,  respectively,  June  80,  1875  and  1876,  were  as 
follows: 

First  (iiiartcr  of  1575    $20,314,616  83 

First  quarter  of  1876 2-,199,723  50 


Increase Jl.SS.^lCS  17 

The  aggregate  receipts  for  the  months  of  October  and  Novem- 
ber, of  the  current  year,  were  $19,638,907  19,  while  for  the  same 
months  of  last  year  they  were  $17,476,302  99,  showing  an  in- 
crease of  $3,102,704  20. 

Since  the  last  annual  report  to  Congress,  fifty  six  collection  dis- 
tricts have  been  abolished  by  consolidation  with  other  districts, 
with  an  estimated  annual  saving  to  the  government  of  about  one 
hundred  and  seventy  thousand  dollars: 

During  the  past  fiscal  year  frauds  of  unusual  character  and 
magnitude  were  diacov^ered  in  this  branch  of  the  service,  which 
appear  to  have  been  carried  on  with  more  or  less  injury  tn  the 
revenue  for  several  years  past.  The  report  of  the  Commissioner 
sets  forth  in  detail  the  manner  in  which  such  frauds  have  been 
perpetrated,  and  gives  the  estimate  of  that  otKce  of  the  amount 
of  probable  loss  to  the  revenue,  with  suggestions  of  modifications 
of  the  law  deemed  essential  to  more  certain  collection  of  the  tax 
on  distilled  spirits.  The  attention  of  Congress  is  invited  especi- 
ally to  that  feature  of  the  report.  The  recommendations  made 
therein  for  modification  of  the  law,  with  a  view  to  the  prevention 
of  like  frauds  in  future,  are  txjncurred  in  by  the  Secretary,  and 
commended  to  the  consideration  of  Congress.  So  long  as  it  is 
necessary  to  maintain  a  tax  on  distilled  spirits  amounting  per 
gallon  to  three  or  four  times  the  cost  of  production,  it  may  be 
expected  that  the  great  temptation  to  avoid  payment  of  the  tax, 
on  at  least  a  part  of  the  production,  will  excite  the  cupidity  of 
producers,  and  that  every  possible  device  for  evasion  will  be  used. 
Each  gallon  of  spirits  that  escapes  payment  of  tax  increases  by 
so  much  the  profit  to  the  producer.  It  cannot  be  denied  that  a 
tax  imposed  for  revenue  purposes  is  regarded  by  many  persons 
as  a  harsh  exaction  from  the  citizen,  to  be  thwarted  if  possible, 
or  that  violations  of  the  punitive  provisions  of  reveuue  statutes 
are  looked  upon  by  many  as  venial  offences.  But  the  necessities 
of  government,  including  the  maintenance  of  national  faith, 
imperatively  demand  the  closest  collection  of  all  the  revenues 
levied  by  law;  and,  besides,  due  regard  for  the  interest  of  those 
who  meet  honestly  and  promptly  the  demands  of  government 
upon  them,  in  this  respect,  requires  that  all  others  shall  be  made 
to  bear  their  proper  share  of  such  taxation.  Every  evasion  of 
tax  by  dishonest  persons  must  eventually  increase  the  burdens 
of  honest  taxpayers.  Tliese  considerations  should  induce  every 
citizen  to  render  proper  aid  to  the  government  in  its  eiTorts  to 
collect  the  revenue,  by  giving  information  of  violations  of  law 
and  of  frauds  on  the  revenue,  which  may  come  to  his  knowledge; 
but  experience  shows  that  few  are  willing  to  give  such  informa- 
tion, unless  they  can  receive  direct  pecuniary  compensation. 

When  recently  it  became  known  that  the  government  was 
losing  a  large  part  of  the  revenue  due  from  distilled  spirits,  it 
was  found  extremely  difficult  to  obtain  exact  or  satisfactory  in- 
formation as  to  the  method  of  perpetrating  the  frauds,  or  to 
asceriaiu,  with  reasonable  certainty,  w)io  were  the  guilty  parties. 
It  was  obvious  that  frauds  on  the  revenue  were  being  extensively 
practiced  and  it  was  equally  clear  that  this  could  not  be  success- 
fully d<me,  under  existing  provisions  of  law,  without  guilty 
connivance  or  participation  by  inferior  officers,  and  at  least  cul- 
pable negligence  on  the  part  of  others  of  higher  grade. 

In  the  opinion  of  the  Secretary,  the  circumstances  seemed  not 
only  to  justify,  but  require  a  resort  to  means  other  than  those  in 
/Ordinary  use  for  detection  by  the  Bureau  of  Internal  Revenue, 


Accordingly,  the  appropriation  for  detecting  and  bringing  to  trial 
and  punishment  persons  engaged  in  counterfeiting,  und  for  de- 
tecting other  frauds  upon  the  government,  was  drawn  upon  for 
this  purpose.  The  Solicitor  of  the  Treasury,  who  is  charged 
with  the  proper  use  and  disbursement  of  that  fund,  was  directed 
to  inquire  into  the  alleged  frauds  on  the  revenue,  in^the  mailer  of 
distilled  spirits,  and  was  instructed  to  spare  no  proper  effort  to 
detect  the  guilty  parties,  and  furnish  their  names,  with  the  evi- 
dence against  them,  to  the  proper  officers  of  the  Department  of 
Justice.  This  duty  was  entered  upon  with  energy,  and,  after  the 
existence  of  conspiracies  and  combinations  to  defraud  the  govern- 
ment was  developed,  the  investigation  was  continued,  in  co-oper- 
ation with  officers  of  internal  revenue,  and  resulted  in  the  certain 
detection  of  frauds  on  the  revenue  of  more  than  ordinary  signifi- 
cance. Under  the  direction  of  the  Commissioner  of  Internal 
Revenue,  the  investigation  has  been  pursued  with  commendable 
energy  and  zeal.  A  considerable  number  of  officers  of  internal 
reveuue  have  been  found  to  be  in  guilty  collusion  with  distillers 
and  rectifiers  in  fraudulent  practices,  whereby  large  sums  were 
lost  to  the  revenue.  The  evidence  thus  acquired,  liaving  been 
reported  to  the  proper  district  attorneys,  has  resulted  ia  a  large 
number  of  prosecutions  for  conspiracy,  duplicate  use  of  stamps, 
and  other  offences.  So  far  as  these  prosecutions  have  been  com- 
pleted, they  have,  with  few  and  comparatively  unimportant 
exceptions,  resulted  in  convictions.  A  large  number  of  distillers, 
rectifiers,  and  subordinate  officers  of  internal  revenue,  have 
pleaded  guilty  to  indictments  against  them,  thus  confessing 
their  offences,  and  thrown  themselves  upon  the  mercy  of  the 
court. 

Besides  the  institution  of  criminal  proceedings,  civil  suits  have 
been  brought  upon  the  bonds  of  officials  and  of  distillers;  distil- 
leries and  spirits  have  been  seized  as  forfeited  to  the  United 
States  for  violations  of  law;  and,  wherever  the  evidence  war 
ranted,  assessments  have  been  made  against  distillers  for  delin- 
quent taxes,  and  placed  in  the  hands  of  collectors,  with  instructions 
to  collect  by  process  of  law.  Urgent  applications  have  been 
presentei  for  the  compromise  of  many  of  the  cases,  but  it  has 
been  deemed  better  for  the  interest  of  the  government  to  allow 
all  of  them  to  take  the  usual  course  in  the  courts;  hence,  all 
such  applications  have  been  denied. 

The  Secretary  considers  it  important  to  the  future  collection 
of  the  revenue,  that  all  parties  engaged  in  persistent  and  sys- 
tematic frauds  shall  be  visited  with  the  severest  penalties  of  the 
law.  To  this  end  instructions  have  been  repeatedly  given  to 
officers  of  internal  revenue,  and  others  in  the  service  of  this 
Department,  to  render  all  proper  assistance  to  the  officers  of  the 
Department  of  Justice  in  the  prosecution  of  the  cases  now  pend- 
ing, and  in  the  detection  and  punishment  of  such  guilty  parties 
as  have  not  yet  been  indicted.  It  is  deemed  of  especial  importance 
that  officers  of  the  government  who  have  betrayed  their  trust, 
and  engaged  in  frauds  on  the  revenue,  shall  be  brought  to  speedv 
and  condign  punishment.  Those  who  are  intrusted  with  official 
duties  and  responsibilities  should  be  given  to  know  that  the 
government  will  not  deal  liglitly  with  them  when  they  prove  to  be 
guilty  of  corruption  in  office.  Taxpayers  cannot  be  expected  to 
deal  honestly  with  government  when  its  own  trusted  officers  are 
permitted  to  participate  in  frauds  on  the  revenue,  without  incur- 
ring swift  and  certain  punishment.  The  highest  guaranty  for 
the  faithful  collection  of  revenue  is  in  the  vigilance  and  integrity 
of  officials.  This  guaranty  can  be  secured  only  by  careful  aelec- 
tion  in  the  first  instance,  by  retaining  in  office  such  as  have  proved 
their  efficiency  and  honesty,  and  by  prompt  dismissal  and  vigor- 
ous prosecution  of  such  as  have  been  found  faithless. 

[We  have  omitted  remarks  on  "  Exports  and  Imports,"  "Coast 
Survey,"  "  Bureau  of  Engraving  acd  Printing,"  "Public  Build- 
ings," "Claims  for  Proceeds  of  Cotton,"  and  "Claims  against  the 
Government."] 

COMMERCE   AND  NAVIGATION. 

There  is  little  change  in  the  proportion  of  the  foreign  carrying 
trade  transacted  in  foreign  vessels,  about  74  per  cent,  of  imports 
and  exports,  during  the  last  fiscal  year,  having  been  carried  in 
foreign  vessels,  as  against  about  72  per  cent,  for  the  preceding 
year,  and  76  per  cent,  for  the  fiscal  year  1872. 

The  Register  of  the  Treasury  reports  the  total  tonnage  of  ves- 
sels of  the  United  States  to  be  4,853,732  tons,  an  increase  of  53,080 
tons  over  that  of  the  fiscal  year  ended  June  30,  1874,  exclusive  of 
the  canal -boat  tonnage,  amounting  to  ebout  48.000  tons,  exempt 
from  enrolment  and  license  under  the  act  of  Congress  approved 
April  18,  1874. 

The  actual  increase  is  believed  to  be  about  141,878  tons,  this 
amount  being  ihe  excess  of  gait-s  over  losses  during  the  year  ; 
but  this  aggregate  has  been  reduced  to  53,080  tons  (the  increase 
first  above  mentioned)  by  omitting  the  tonnage  of  the  exempted 
canal  boats,  and  by  corrections  of  tonnage  returns,  about  40,000 
tons. 

The  following  table  exhibits  the  total  tonnage  for  the  last  two 
years  : 


1874. 

1875. 

Vessels. 

Tons. 

Vessels. 

Tons. 

Registered 

Enrolled  and  licensed 

8,';23 
29,753 

I,423,9i3 
3,.371,729 

2,981 
29,304 

1,553.888 

8,299,904 

Total 

82,436 

4,800,658 

32,J85 

4,863,732 

The  tonnage  of  vessels  built,  as  given  by  the  Register,  is 
297,639,  being  a  decrease  from  that  of  the  preceding  year  of 
135,086  tons,  or  over  81  per  centum.  The  number  of  vessels 
built  was  1,801. 


DetemSer  11,1875.] 


THE   CHUONICLE 


557 


OAeUl 


aumbera    have     been    awarded    by    the    Bureau   of 
■loee  July  1   to  Noremher  10.   1875,   to  894   vessels, 

fa,TTjiag  c»p«citT   amounts   to    146,115   tons.      Of    this 

number,  sixtT-three  were  new  sra-going  reaaelB  of  100  tons  ami 
orer  ;  fortT-fire  of  1,000  tons  and  over  ;  three  of  3,000,  and  two 
of  3,000  to'na  eadi,  with  an  aggrrgate  tonnag*  of  100;2a6  tons. 

HEYKKITK  XARIMK. 
The  past  rear  is  the  first  of  the  administration  of  this  branrli 
of  the  pablfc  service  with  the  advantage  of  the  completion  of  tlie 
reorgwaisaUon  begun  four  rears  ago.  The  improvement  resnltini; 
from  this  reorganixation  more  than  equals  all  that  was  antici 
pated.  The  report  of  the  Commission  which  propoaed  the  plan 
doea  not  indicate  that  any  other  benefit  was  expected  than  a 
rednction  of  the  expenses  of  the  service.  The  leetdt  shows, 
however,  not  only  a  considerably  larger  redaction  than  was 
■ntidpMed.  but  the  attainment  of  a  much  higher  deg^ree  of 
iifllr  Iwif  J  than  characterised  the  service  in  former  years.  The 
CSonmiaaioii  eatimated  the  annual  coat  of  maintaining  the  servire, 
whrm  Iha  reorganization  should  be  acoomplished.  at  $043,039. 
Th«  espaaditure  of  the  last  fiscal  ye«r  waa  |897,809  50,  an 
•noaat  eooaiderably  lower  than  tliat  of  any  previona  year  tinro 
sepshfmte  aeooania  of  expenditure  for  the  maintenance  of  this 
aarriee  hare  been  kept,  and  about  $300,000  less  than  the  average 
annual  expenditure  previona  to  the  beginning  of  the  reorganlza 
tion. 
Oae  of  the  eUef  means  by  which  this  redaction  has  bci-ii 
I  ia  the  aabatitntion  of  small  and  swift  light-draukrht 
I  amall  aioopa  for  the  larger  s-.eaoera  and  unaerrire- 
able  schoonen  formerly  in  use,  a  change  which,  tluoogh  the 
aumliil  speed  of  the  new  vessels,  their  ability  to  navigate  liays, 
ulata,  bayooa,  and  other  waters  inaoeeaaible  to  the  old  ohm,  and 
th«ir  eaperial  adaptation  for  rendering  aaaialance  to  dtatreased 
Tiwaola,  haa  greatly  eohaooed  the  naalnlnaaa  of  the  aervice. 

The  rerenaa  veaaela  deaignalad  h/  tha  Praaldaat  for  winter 
etmUkug,  nader  the  act  of  Deeeasbar  U,  1687,  were  eapeciallv 
■arriecable  in  the  humane  work  of  aaaisling  vaaaela  in  distreu 
dariag  the  laal  winu-r.  Throughout  the  month  of  February,  the 
■t«r*ft  eolamaa  of  the  principal  oonunarcial  newspapers  con 
taiaed  daily  aeooonu  of  such  relief  adminiaiered  to  aofleriog 
▼aMaU 

The  general  servlrea  performed  by  revenne  vcaaela  during  th« 
laat  Sacal  year  may  be  summarised  aa  foUowa  ; 

BBBbaraf  vMssisiBdMnnarUaiad     IK 

Itaataf  of  MvM  «««d HI 

RaabarorrasMiailasdorrtiiocMrorTtaUlaaonaw IJIS 

Waaitwf  wi  nil  hmttat  sat  ssaalas* njtti 

XaB*««(ariima>M IK.in 

I  the  above,  variooa  aerrieaa  of  a  special   nature  hav» 
sneh  aa  ouatrarlaf  ontltta  and  supplies  to  life- 
aaTlag  alatioaa,  and  aaatartag  tka  aparailooa  of  the  navy. 

A  oomparison  of  the  tMafOia*  ashlblt,  with  the  following 
■tataiMat  o<  aarrtcea  paffcnaad>y  tha  rarenue  vraaels  during 
tha  lea  yaan  prsestfiac  the  lepigaaiaatioa,  alrlklngly  lllustrati-s 
tha  telaihra  adTaaeacMat  of  tha  aarrlea  la  aSeieaey. 

■turn 


There  have  been  added  to  the  fleet  daring  tha  year  one  small 
propeller  of  about  thirty-two  tons,  eommiaaloDed  for  duty  in  the 
luirlKtr  and  bay  of  San  Francisco,  and  two  sloops  which  do  duty 
as  revrnne  cruiser*  on  the  Atlantic  coast,  and,  at  the  same  tim>>, 
are  specially  used  In  eoaaection  with  the  life-aaviag  aanrice. 
Plans  and  sperificattona  have  alao  been  prepared,  and  proposals 
Invited,  for  the  oonatraelioa  of  a  aatall  ataaner  ior  harbor  duty 
at  Philadelphia.  The  ateamer  anthofiaad  to  be  built  lor  the 
Pacific  eoaat  is  well  advaneod,  and  II  la  espeelad  will  be  ready  to 
go  Into  eommiasion  next  season. 

i.irK-aATi!io  URncB. 

Tha  alatloBs  In  operation  during  the  paat  rear  are  located  in 
dlatrteta  Noa.  1.  3,  8.  4  and  0.  embracing  the  line  of  coast  from 
tha  aaalam  extremity  of  Maine  to  Oipe  Hatteraa,  with  the 
eseapUoa  of  that  portion  embraced  between  Cape  Henlopen  and 
Cape  Charlaa. 

The  coal  of  maintaining  the  aervlce  daring  the  laat  flaeal  year, 
aselaalTe  of  the  espeaditnre  for  the  emabUshmeot  of  new  sta- 
tiaaa.  waa  $Iin.«M  m. 

It  appear*  f  r^im  the  rmoria  of  the  saperlntendants  that  during 
the  season  of  lHTi-75,  (from  Norember  1,  1874.  to  Novemlnr  1, 
1875,)  ■^  vr«vl<  liMve  been  driven  aahore  within  the  limits  of  the 
oprn  "««staliooa.  having  on  board  V7S  aoals.  and  valued. 

with  •«.  at  $8,007,723.     The  llfe-aaving  apparatus  was 

osni  h'.  i  I  » T>'.-|(s,  aad  468  peraona  were  aetoaily  mooght  ashore 
hy  it,  while  more  or  Um  aaal stance  waa  raadaiad  la  meat  of  the 
other  cases.  Of  the  property  imperilled  $1,790,479  In  value  was 
saved.  8lst«ea  live*  aad  ^51,847  of  property  were  loel.  720 
days  of  ahelter  were  afforded  at  the  atationa  to  219  ahipwrecked 
persona.  Fou'levn  of  the  persona  who  periahad  were  loot  from 
thf  lulutn  liarit  "  Giovanni, "  wrecked  at  Peaked  Hill  bar.  Cape 
Cod,  in  the  severeat  gale  known  to  that  coast  for  many  resrs. 
'  la  tha  fast  resniting  In  great  loaa  of  life  which  hss 
a  the  priaant  ayatna  of  coadnatlag  the  service  waa 
A  thoRMfh  tatrealigation  inw  dbaeted  to  be  made 
iaio  tha  dieamalaaeea  of  tha  cataMropha,  which  proved  that  no 
fanlt  atladad  to  the  aerrtce,  bat  that  the  loaa  of  life  wss  wholly 
due  to  the  bet  that  tha  pnaona  apoa  the  wreck  were  beyond  the 


reae^  of  any  known  means  of  assistance  from  shore.  To  extend 
the  range  of  the  mesas  of  establishing  effective  communication 
between  the  shore  and  stranded  vessels  in  cases  where  life  boats 
are  not  available,  so  ss  to  protect  tlie  few  points  upon  our  coasts 
where  vessels  are  liable  to  strand  beyond  the  reach  of  the  means 
now  in  use,  has  been  and  still  is  an  object  of  special  endeavor. 
Some  of  tlie  most  expi'rifncecl  officers  connected  with  the  service, 
aided  by  skil'ul  olBcers  detailed  from  the  ordnance  corps  of  the 
army,  and  the  best  manufncturers  of  ordnance,  are  engaged  upon 
the  problem,  and  it  ia  gratifying  to  state  that  their  experiments 
give  promise  of  success. 

The  following  is  a  statement  of  disasters  to  vessels  which  have 
occurred  within  the  field  of  the  operations  of  the  service  since  the 
adoption  of  the  present  system  iu  1371,  und  the  results  of  these 
disasters.  It  should  be  observed  that  daring  the  seajon  of  1871 
and  1872,  the  service  was  limited  to  the  coasts  of  Long  Island  and 
New  Jersey,  and  during  the  seasons  of  18Ti-'74  to  Cape  Cod, 
Long  Island,  and  New  Jersey  : 

Total  Diunlier  or  wTccka  185 

Total  Bomber  of  llvas  iBiperilled tjsn 

Total  Boakorof  lives  wTcd I,te4 

Total  BOBbarof  llreslo't It 

Total  Bimber  of  •bipwreckad  pereon*  •helleied  at  the  Bt4Uions SM 

Total  BBBber  of  dayi' slieltmSnnled 1.IM)7 

Total  valae  of  ptopMtT  iaperUlcd |8,»t,aa« 

Total  valas  of  property  MTcd t,5U,7S6 

Total  Tsloe  of  propetljr  loat 1,741,901 

Six  of  the  stations  aothorised  to  be  established  between  Cape 
Henlopen  and  Cape  Charlea  have  been  erected  during  the  past 
year,  and  are  now  occupied  by  crews.  The  remaining  two  are 
aaariy  completed. 

Tha  hooaes  of  refuge  authorised  for  the  Florida  coast  and  the 
atationa  for  the  great  lakes,  except  Lake  Superior,  are  being  built 
nader  contract,  as  are  alao  thoae  for  Point  Judith  and  Eaton's 
Vaek,  Long  Island  Sound. 

■lea  for  the  atationa  provided  for  the  Pacific  coast  and  Liake 
Baparlor  have  been  selected,  and  proposal*  for  their  construction 
wiU  he  invited  at  an  early  day.  I'pon  the  completion  of  these 
rtntt'^-  it  is  believed  that  our  coasts  will  be  aa  well  protected  In 
tUa  manner  at  the  interests  of  commerce  and  humanity  require, 
aad  dae  regard  for  eooaomy  will  justify. 

LiofrrnocsB  sKavicK. 
The  light  house  establishment,  which  is  the  largest  in  the 
world,  and  whose  charge  embraces  ocean,  lake,  and  river  lines  of 
oiieqaalled  extent,  steadily  increases  in  usefulness  to  commercial 
•ad  maritime  interests.  During  the  past  year  it  has  established 
aareateen  light- houses  and  two  hundred  and  eighty  l>eaoon  U^ta 
OS  the  Weatem  rivers,  together  with  twenty  one  buoya.  The 
Maaat  anmber  of  aid*  to  navigation  in  the  United  State*  is  682 
Dglithoaaea,  33  light  ships.  45  fogsignals,  858  day-beaoons,  880 
rirer  lights,  and  '.'.KSQ  buoys. 

0hwe  the  date  of  tin-  last  report  the  Light  house  Board,  in  view 
of  the  fact  that  mineral  nil  is  coming  into  use  in  France  and 
Bagland  for  light  hmise  illuminaiion,  has  made,  through  its 
■OlntlBc  menil>er»,  extensive  ex|MTiiiientfl  in  the  mineral  oils  of 
tUt  eouatry  in  order  to  ascertain  whether  a  suiubto  malarial  of 
lama  produclinu  can  be  had  lor  this  purpose.  1^  experiments, 
ao  tkr  a*  pmaecated.  induce  the  belief  tuat  a  proper  mineral  oil 
can  probably  be  obtained  fn>m  our  own  manufacturers,  and 
perhaps  at  cniuiderably  reduced  expense.  Its  introduction 
mrolves  an  entire  rliangn  in  the  lamps  now  oaed,  and  if  this  can 
*^  "  ;ed  at  a  res-wmaliln  riMt,  It  Is  proposed  to  put  the  oil  on 
:t  uunilxT  of  light  hoiisi's  of  the  least  Importance,  which 
'iiirx^  pursued  in  the  European  light  boose  establishments, 
whan,  if  found  satisfactory,  it  will  ba  tried  in  the  larger  and 
owre  important  ooaa. 

An  elaborato  and  extcnalve  aeriea  of  experiments  haa  alao  been 
made  in  regard  to  sound,  aa  applied  to  fog  signals,  with  resulta 
ralasble  to  science  and  the  promise  of  much  practical  utility  to 
navigator*. 

The  moat  algnal  work  of  the  Establishment  during  the  paat 
Vaar  haa  been  the  commencement  of  thj  litthting  and  buoyai^  of 
tha  MlaatarippI,  Mlaaonri  and  Ohio  riven,  in  conformity  irith  the 
act  of  Congreaa  aoproved  Jane  83,  1874.  The  rivera  have  been 
divided  into  two  lighthouse  districts,  with  proper  offloer*  assigned 
to  each.  The  means  employed  for  lighting  have  been  snbatantial 
leaa  laulems,  which  are  placed  with  regard  to  the  tortuous 
Aaiactor  of  the  at  ream,  at  intervals  of  rarely  more  than  two 
I.    Hinrral  oil  is  used,  and  a  bright  light  shown  in 

weather.  The  lights  are  attended  by  men,  procured 

lall  compensation  from  among  the  residents  on  the  rivers, 
have  generally  proved  trustworthy.  At  specially  dangerous 
points  bunra  have  been  placed  as  day-marks.  The  narrow  and 
crooked  channels  of  these  rivera,  and  the  presence  of  hidden 
obatructions,  malie  their  navigation  at  many  pointa  extremely 
parUous,  and  the  l><>Kt  pilots  cannot  always  avert  disaster.  The 
work  of  lighting  them  is  reported  to  give  satisfaction  to  the 
aottanaive  shipping  interests  of  the  interior,  paaaage  now  being 
martloable  at  all  tlmea  where  it  waa  before  attended  with 
mSeolty  an<l  danger.  To  complete  the  work  an  additional 
■amber  of  lights  and  buoys  will  be  needed,  and  the  appropriation 
for  maintaining  them  must  necessarily  be  increased. 

A  lightship  for  Winter  Harbor  Shoal,  and  one  for  general  eer- 
Tioe,  appropriated  for  by  act  of  March  3,  1873,  are  nearly  com- 
plated.  Thev  are  noticeable  as  being  the  strongest  and  largest 
vaaaala  ever  built  for  the  establishment,  and  a*  having  steam  fog- 
•Ignals,  which  will  be  of  great  service  to  mariDors. 

Estimates  are  presented  by  the  Board  for  two  new  steam  buoy- 
landers  for  the  Atlantic  coast,  tn  replace  vessels  which  are  worn 
oat,  too  small  and  of  too  little  (Kiwer  for  the  service  required  of 
them,  and  which  are  constantly  in  nee<l  of  expeiuive  repairs.  An 
aatimate  ia  also  preaenled  for  an  additional  steam-tender  for  the 
Pacific  coast,  the  single  one  in  use  being  InsutBcient  for  the  ser- 


558 


THE   CHRONICLE. 


[December  11,  1875 


vice  of  that  eeaboard,  and  the  frequent  charterinpr,  at  high  rates, 
of  private  vessels  being  consequently  necessitated. 

In  its  estimate  for  light-house  supplies,  the  lioard  includes  a 
provision  for  the  purchase  of  a  small  number  of  books  for  light- 
stations,  especially  those  most  remote,  according  to  the  usage  of 
the  French  and  English  light-liouse  establishments.  A  small 
quantity  of  reading  matter  at  the  light-stations,  to  be  kept  and 
accounted  (or  as  public  property,  might,  it  is  suggested,  form  the 
nucleus  for  considerable  donations  from  private  sources  ;  and  the 
libraries  so  formed  would  conduce,  as  in  other  countries,  towards 
making  the  light  keepers  more  contented  with  their  isolated  posi- 
tions, and  less  disposed  to  absent  themselves  from  the  place  of 
their  duties,  besides  exerting  a  general  good  influence. 

MABINE-IIOSriTAL  SERVICE. 

As  provided  by  the  act  of  March  3,  1875,  "to  promote  econ- 
omy and  efBcieucy  in  the  marine-hospital  service,"  a  seaman's 
time-book  has  been  issued,  but  it  is  yet  too  early  to  stale  definitely 
the  effect  of  its  introduction  on  the  collection  of  hospital  dues. 

Hospital  relief  is  now  extended  to  certain  seamen,  who,  pre- 
vious to  the  passage  of  said  act,  were  excluded  from  the  benefits 
of  the  service.  This  service  now  furnishes  care  and  treatment  to 
foreign  seamen,  sick  and  destitute  American  seamen  returned  to 
the  i'nited  States  from  foreign  ports  by  United  States  consular 
oflicers,  sick  and  disabled  seamen  belonging  to  vessels  of  the 
Engineer  Corps  of  the  Army,  and  to  vessels  of  the  Navy  where 
no  other  provision  has  been  made  for  them,  and  to  seamen  of  the 
vessels  of  the  Coast  Survey  and  Light  house  service,  while  insane 
patients  of  the  Marine -hospital  service  are  admitted  to  the 
Government  Hospital  for  the  Insane. 

No  considerable  repairs  have  been  made  to  the  marine-hospital 
buildings  for  several  years,  and  as  none  of  the  old  hospitals  can 
be  so  mo<lified  as  to  answer  the  requirements  of  the  present  state 
of  knowledge  concerning  hospital  construction,  any  large  outlay 
on  them  is  deemed  unadvisable.  Experience  would  seem  to 
indicate  that  extensive  and  costly  alterations  and  repairs  require 
to  be  frequently  renewed,  and,  therefore,  the  erection  of  com- 
paratively inexpensive  pavilion  wards,  in  accordance  with  the 
most  approved  plans  of  recognized  authorities  on  this  subject,  is 
deemed  desirable. 

The  old  marine-hospital  buildings  and  grounds  at  Pittsburg, 
Pa.,  were  sold  during  the  year,  under  the  act  of  June  32,  1874, 
for  $37,167  79,  and  a  new  site  purchased  for  $30,000.  The  erec- 
tion of  the  new  hospital  at  that  place,  has  not  been  commenced, 
however,  owing  to  the  fact  that  the  amount  ($30,550  96)  realized 
from  the  sale  ol  a  portion  of  the  grounds  in  1870  is  not  available 
for  this  purpose  without  the  action  of  Congress. 

The  unusual  amount  of  suffering  and  disease  among  seamen 
and  sailors  who  were  exposed  to  the  severe  cold  of  the  last  winter, 
caused  a  marked  increase  in  the  demand  for  relief  from  the 
marine-hospital  fund,  and  a  large  number  of  persons  enjoyed  the 
benefits  of  the  service  than  in  any  previous  year.  Fifteen  thou- 
sand and  nine  sick  and  disabled  seamen  were  treated  during  the 
year,  and  the  aggregate  number  of  days'  relief  furnished  is  four 
hundred  and  five  thousand  six  hundred  and  sixty-five.  The  total 
expenditure  for  the  year  was  $104,390  60,  and  the  amount  oi 
hospital  dues  collected  $338,893  78. 

STE.VMBO.^T-INSrECTION   SERVICE. 

The  Supervising  Inspector  General  of  Steam  Vessels  reports  the 
following  matters  of  interest  connected  with  this  service  for  the 
fiscal  year  ending  .June  30,  1875  ; 

Number  of  oflicers  employed  in  the  service.   - 103 

Number  o(  steam  vessels  inspected  during  tlie  year .t.g-n 

AgKTefiate  tonnage  of  steam  vessels  inspected l,018,l.')i8J 

Numl)er  of  officers  licensed  '      *  14  571 

The  number  of  lives  lost  by  various  accidents  to  steam  vessels 
is  as  follows  : 

By  explosion  or  accidental  escape  of  steam 51 

By  steamers  burned '.'.,'.'.'.  475 

By  collisions '.*!".        17 

By  suimging,  wreck,  and  founder 64 

Total  nnmber  of  lives  lost 8,7 

Of  this  number  four  hundred  and  one  were  Chinese  passengers' 
lost  by  the  burning  of  the  American  steamship  Japan  on  the  coast 
of  China,  December  17,  1874,  leaving  tlie  total  of  other  losses 
during  the  year  but  306,  which  is  an  unusually  small  number. 

The  irross  rcceijjts  from  the  inspection  of  steam  vessels  and  oflicers 
licensed  are $200,944  75 

Disbursements  in  payment  of  salaries,  travelling  and  incidental  ex- 
penses of  inspectors 313,3?2  02 

This  service  is  generally  in  a  highly  efficient  and  satisfactory 
condition,  and  it  is  believed  that,  under  the  operation  of  the 
laws  for  this  purpose,  a  degree  of  safety  to  life  on  steam  vps.srls 
has  been  secured  equal  to  all  reasonable  anticipation. 

It  is  recommended  that  i)rovision  be  made  for  the  annu.U  meet- 
ing of  the  Board  of  Supervisiiig  Inspectors  in  September  of  each 
year,  at  such  place  as  the  Secretary  of  the  Treasury  shall  desig- 
nate, instead  of  on  the  third  Wednesday  of  January  at  the  city  of 
Washington,  as  now  provided  by  section  4,405,  Revised  Statute?. 

THE  REDEMP'flON   AOENCY   FOR   NATIONAL   BVNK'. 

There  have  been  redeemed,  under  the.  act  of  June  30,  1874, 
circulating  notes  of  national  banks  amounting  to  $130,333,945. 
Of  this  amount,  $15,313,.')00  were  forwarded  to  the  respective 
associations  by  which  the  notes  were  issued,  and  $115,109,445, 
unfit  for  use,  delivered  to  the  (>)mptroller  of  the  Currency  lor 
destruction.  The  aggregate  expense  of  this  redemption  was 
$290,965  37,  each  bank  paying  its  share  thereof,  in  proportion  to 
its  circulating  notes  so  redeemed. 

At  the  commencement  of  the  current  fiscal  year  the  division 
organized  under  the  above  act  came,  in  accordance  with  the  third 


section  of  the  act  of  March  3,  1875,  under  the  direction  of  the 
Secretary,  having  been,  prior  to  that  time,  attached  to  the  Treas- 
urer's office,  and  no  specific  authority  given  the  Secretary  over 
its  operations. 

BEI*ORTS    OF   BUREAU   OFFICERS. 

The  reports  of  the  heads  of  bureaus  are  herewith  transmitted, 
and  referred  to  as  containing  statements  and  information  of  the 
business  of  the  Department  more  in  detail  than  could  ])roperly 
be  embodied  in  this  report.  The  Secretary  gratefully  acknowl- 
edges his  indebtedness  to  the  officers  of  the  Department  generally 
for  the  zeal  and  fidelity  with  which  they  have  discharged  their 
duties.  B.  H.  BRISTOW. 

Secretary  of  the  Treasury. 
To  the  Honorable 

The. Speaker  of  the  House  op  Representatives. 


REPORT  OF  TIIE   COMPTROLLER  OF  THE    CURRENCY. 

Treasury  Department,  ) 

Office  of  the  Comptroller  of  the  Currency,  [ 

Washington,  D.  C,  November  39,  1875.     ) 

Sir:  I  have  the  honor  to  submit  for  the  consideration  of  Con- 
gress, in  compliance  with  section  333  of  the  Revised  Statutes  of 
the  United  States,  the  thirteenth  annual  report  of  the  Comptroller 
of  the  Currency. 

During  the  past  year  107  banks  have  been  organized,  with  an 
anthorized  capital  of  $13,104,000,  and  $4,794,180  of  circulation  ; 
of  which  number  two  were  gold  banks,  with  $300,000  capital  and 
$120,000  of  circulation.  Five  banks  have  failed,  with  an  agere- 
gate  capital  of  $1,000,000 ;  and  38  banks,  with  a  total  capitil  of 
$3,930,000,  have  gone  into  voluntary  liquidation  by  votes  of  share- 
holders owning  two-thirds  of  their  capital  stock. 

The  total  number  of  national  banks  organized  since  the  estab- 
lishment of  tbe  national-banking  system  is  3,307.  Of  these,  40 
have  failed,  and  175  have  gone  into  voluntary  liquidation,  leaving 
2,093  in  existence  on  November  1  of  this  year. 

Three  of  these  banks,  located  in  the  city  of  New  York,  have  no 
circulation,  and  341  have  reduced  their  circulation  and  withdrawn 
a  portion  of  their  bonds,  under  the  act  of  June  30,  1874,  117  of 
them  having  deposited  legal  tender  notes  and  reduced  the  amonnt 
of  their  bonds  on  depo.-it  as  security  for  circulation  to  the  mini- 
mum amount  allowed  by  law. 

Included  in  this  aggregate  are  nine  national  gold  banks,  located 
in  California,  with  a  capital  of  :f 4,700,000,  and  circulation  of 
$3,630,000. 

The  following  table  exhibits  the  resources  and  liabilities  of  the 
banks  at  the  close  of  business  on  the  first  day  of  Oc'.ober,  1875  — 
the  date  of  their  last;  report— the  returns  from  New  York,  Boston, 
Philadelphia, and  Baltimore,  from  other  redemption  cities,  and  from 
the  remaining  banks  of  the  country,  being  tabulated  separately  : 


Jicnotirces. 
Loans  and  di-eounls 

On  IJ.  S.  bonds  on  deuiaud... 

On  otiier  stocks,  bonds,  &c., 
on  demand 

Payable  111  gold 

On  Blntrle-iiame  paper,  wiih- 
oot  other  security 

All  other  loans 

Overdrafts 

Bonds  for  circulation 

Bonds  for  deposits 

U. S. bonds  ou  hand 

Other  stocks  and  hondp 

Due  fri>ni  reserve  agents 

Due  from  other  national  bantt 
Due    from    other  banks    and 

bunke-8 

Beat  estate,  furniture  aui  fix- 
tures   

Current  expenses 

Premiums  

Cheeks  and  otlier  casli  items... 
Exclianges  for  clearing  house.. 
Bills  (»r  Qiher  national  banks... 

Fractional  currem  y 

-■  peeie  .*. 

Legal  lender  notes 

U  S.ceralleates  of  deposit. 
Five  per  cent  redempnon  fund 
Due  Irtni  U.S.  Treasurer..     .. 

Totals 

LlnhlUtiM. 

Capital sto'k 

SU'pMi*  fund       

Undivided  pi ofits ' 

Katio:ial  bank  notes  o.i'stand- 

Ing I 

Stale  bani  notes outstaudl.  g...| 

Dlvi-lcruUunpdd i 

Individual  deposits  —  ,  ' 

U.  S.  deposits 

Deposits  of    U.  S.  clsburglng 

oflicers 

Dun  to  iia  lonft]  banks 

Due  to  o!  her  banks  and  banke's 
Note   and  bills  re  dlscouriled. 
Bil  s  payable 


I  Boston, 

K.    York  Phil,  and 

City.      Baliin'rc 

4'jbaak^.  97  banks. 


<,S3l",67«| 


i 

'Ya.ira 


5U,179.'WJi  14,181,910 

S,45l,i:6j  22,(X)0 

18,255,^Oo'  9,lS'i,^lS 
13;,«6,299  1«,638,5S1 

aia,3«:  vs'ir,] 

3i,8i)6,iooi  ss.aw.ioo 

&'o,iooi  5-:,o,c«i 

7,856,55(1  5IS,'(XI 

10,319,938  3,181,071 

'  1..4;0.t!)9 

13,683,00;  i,i-i,m 

:,86O,K0  l,S7a,!l72 


Other    I 

reserve  |  Country  Aggregate 
cities.'  I    banks. 


499,119,33V 


9,455,469 
l,770,s3a: 
1,4(11,014; 
2,-:07,(i4»' 
50,I6;,79. 

i,«ix),9':o 

232.SJI 
4,95.,625 
17,010,091 
37  400.UIO 
1,072,014 
2S'i,300 


S,!IOD,04S 
»»,'  9,i 

«o',i:!i 

9r>T,ll70 

19,7  3.  V4 

3,8  0.4Ui 

5a.').221 

6(K,9t5 

13.692  9  0 

7,805,000 

2,3ii,lS« 

842,911 


91  banks  1851  b'nks 


« 

's'lO.W 

9,595,8SS 
26,590 

8,691.191 
85,'01 ,03! 
45O,3'0 
29,6-a.6.10 
2,.577,000 
1,918,31  <> 
S.8111,351 
14.968.9('e 
6,626,;C« 


2,329,235     6,410,1 


',57(1,039 
263.6;i,a5'' 
10,:BO,200 

3,5!i6,4.XI 
15,89', 090 
53.322.152 
17,821,371 


980,2;2,95I 


f,t85.IC8; 

80;,9.'6 

814,1811 

s,i5,121i 

4.9i2,»l 

2.014,741 

2i:,S7."i 

9S2.70; 

12.928,635! 

2  70.-,,0:)0 

l,?66,74!i 

325.198' 


2t,S26,0;3 
4,:«9,25 

5.841,1811 
S,7.:4,125 

•.(),8  2,T20 
1,509,U1 
l/i55,ll»l 

32,71i:,028 
900.11(111 

11.5«^219 
2,0(8,3591 


4,4o«48l 

s;f.s2i,;oo 

14,097,:(KI 
13,989.950 
83,5(6.015 
85.(01  .-ai 
47,028.763 

11,963,769 

^:  366.648 
7.811,213 
8,670,0»l 
12,758,873 
75.142.8'4 
1S,5  S,«Si 
2,sii.i,(i:ll 
S,(i.-)0.:!;-:() 
;6,ir,s,;:!4 
48,8111(100 
16.2X).I92 
3.45.3,;  68 


3j»,7:6,(«4  !316,096,34 ,  j  199,79.',8!0;97S,9.j6,0«0  1,SS2,20J,30J 


Totals 


6S,';00000  80,3'6.9S5;  4-;,4.i5,905,307,l>4'i.S7« 

22,51.5,490  23.158,578  13,17:1,320   74,9('8  6SSi 

11,943,200  5,371,320;  4,631,87,    30,9^8,65;; 

18,309.317;  43,900,1471  2",47F,34o!230,664,375 

»0,.590!  138,3141  33,60.>!       509,8091 

2i8,460  1.70;l,6.'l|  132.5(i2     l,l-32,l-!2, 

173,494.39''  123,151,126,  74.699,409  2P3,2»1.C85; 

297.411  2l6,»4i:  1,121,5131    4,842,23)! 

S-.Sfie^  n.fiOa  879,S46t    ,3,337.S8I 

69.089,515  29.5OJJ0J(  17,n:(4,010l  14,228,953 

2.1,176,336  7,265,i;3:  lf,903.93'<;    6.5  3,0M 

'  n5.;47(  8;7,S23i     4,261,(Ki 

125,000,  l.?29,151l  1.809,1.21    2,926.9til 


504,829.769 
131.3-6.076 
52,961,951 

315,3.50,3:9 
7T2,.318 

4.0(B,:.35 
664  579.619 

6,507,531 

4,2U,196 
129,810,683 
49,!'18,631 
5,2,54,453 
6.590,281 


■  1- 


;)89.758,(»i;3l6.696  3H'199.-.98.820'975,931,060i  1.882,209.308 


Tbe  leserve  eltie*,  tn  addpio  i     .   _  _        . 

more, arc  Albany,  PltifctiurgU.  Waahlngion,  New  O  leans.  LouNv.l 


to  New  York,  15ofton,  Philadelphia,  and  Bal  1- 

.,  .         hingion.  New  Gleans.  LouNv. lie,  Cincinnati, 

Cleveland,  Chi'iago,  Detroit,  Milwaukee,  St.  Louis  and  San  Ft  aueisco. 

f.V  table  exhibiting  tbe  rt'sources  and  liabilities  of  the  national 
banks  in  operaiion,  at  corresnondiug  periods  for  the  previous  five 
years, will  be  louud  in  the  Chronicle  of  Dec.  13,  1874,  page  OOj.) 

THE  NATIO.S'AL  HANKING  SYSTEM. 
( ilie  Comptroller,  under  this  head.  e.Komines  the  propo-iliou 
to  subslilutd  Tre.isury  notes  in  place  of  natiotial  bank  notes,  and 
for  that  purpose  fir.it  revinws  tbe  legislation  nn'i  discus.sions  iu 
1812  and  1863  with  regard  to  Treasury  notes  and  bank  issues, 
which  portions  ol   his  report  we  are  compelled   to  omit.    After 


Deo  mbjr  11,  1875  J 


THE  CHRONICLE. 


559 


ibM  h«  Botioea  the  objertioa«  now  mad«  to  our  national  bsok 
•jratam.) 

MOROrOLT. 

One  of  tho  principal  objaetioni  urg^eJ  against  Ui«  natioital 
banking  ajstem  La  that  it  is  a  monopolj ;  moreover,  that  it  is  a 
monop^jr  anthorlsed  and  oontinnedat  the  expense  oi  the  Qovero- 
meni.  ••»•»••• 

A  monopoir  is  a  priTiIesfe  :  something  so  ralnable  that  it  com- 
mands a  prcmiam.'and  which  its  owner  does  not  willingljr  sur 
render  witboat  a  strugifle.  Bat  the  national  banks  hare,  siuc« 
the  passage  of  the  art  o(  June  30,  1874,  Teluntarilj  surrendered 
more  than  $33,lXIO,000  of  their  circalation  ;  nod  forty-three  banks, 
with  a  capital  of  |^,O40,000,  bare  since  that  date  gone  into  iiqul- 
dation.  chiefly  for  the  rrason  that  the  priTilege  ol  circulation  is 
not  a  profitable  one,  and  because  the  reitrietions  of  the  system 
are  oaerous  la  comparison  with  those  imposed  by  Slate  legUla- 
tars*.  If  the  national  bank  act  contained  no  restrictions  mpon 
the  banks,  or  imposed  no  taxes  upon  their  clrculstioo,  and  if 
eurreacT  were  issued  to  them  equal  in  amount  to  the  ralue  of  tlie 
hoods  oepoelted,  then  the  interest  received  by  them  npon  the 
bonds  would,  it  is  granted,  be  ic  the  nature  of  a  gratuity.  This 
eooditlon  of  things  was  true  in  some  of  the  States  previous  to  the 
orgaaisatloD  of  the  national  banking  system ;  but  it  has  not  at 
any  tl«*  beea  true  of  the  natioiul  banks. 

ntorrr  ok  ctitc(nL.4Tiox. 

A  very  «rroaaiMM  idea  prevails  as  to  the  amount  of  profit 
derived  iff  Ik*  ■ntlwat  baalu  from  their  circalation ;  but  to  show 
tlMt  the  pMflt  froai  tbla  aoaree  is  not  nearly  so  great  as  is  sappo*«<l 
by  Bsaay  peisoos.  It  U  onir  a»rs— sry  to  take  Into  eousideratioa 
the  aiiieunt  o<  capital  the  banks  nmii— irlly  Invest  in  the  United 
gflss  boads  rsqulrad  to  secure  Ibrlr  circulation,  witli  the  local 
rsMiietiooa  that  govern  their  buaiaast,  and  then  to  compare  the 
OMBMnsd  iaeome  leeelved  by  them  on  their  beads  and  eirealation 
wilk  that  which  would  ba  received  on  the  sans*  capital  loaned  on 
bead  aad  mortgage  Mcarity,  but  free  trom  the  reatrlctloaa  govern 
lagasllo— I  baaka.  Oa  November  1,  1975.  there  was  oa  aaposlt 
with  tho  Trsaoarsr.  ao  security  for  the  etreulatton  of  tho  aattoaal 
banks,  9d07<3tf,4t8  in  the  various  classes  of  bonds  of  the  Uailed 
Siateo.as  will  be  soea  by  rrtersnce  to  a  sabse^ueat  page  of  tills 
report.  If  from  this  sum  be  dedocted  the  aiaonat  held  as  secur- 
ity for  tho  aolM  of  the  national  gold  bonks,  and  also  the  amount 
Mpositod  la  escoss  of  that  required  by  law  to  asears  the  cireula 
tioa  iMaod  apoa  thso.  tboro  will  reauia  |MI,4M.tU  of  bonds, 
worth,  In  earroaey,  oa  the  day  named,  ftt1,940JS».  The  ubie 
below  i-Thiblls  the  variouaelamaa  aad  aawaata  of  thsae  bonds, 
their  currency  value  at  tho  dalo  maattoasd.  thaaaioaatof  eireula 
tioa  Imaad  thorsoa,  and  the  am'Mint  of  lalofuat  dorivod  from 
thorn,  both  ia  gold  aad  In  currrnry  value,  goM  being  qoolod  on 
thUdayatllS:  ^ 


If  thora  h*  dadaatad  tnm  Iha  amoaat  of  capita]  roqairod  to 
parehaao  Ihaao  boada  (|4MjM0,S8S).  the  onwaai  of  piMaiom 
which  thoy  bote  oa  Nerambor  1.  1073.  (t«4«US,4Sl^  as  well  as 
tho  loa  par  cont  aMfgia  for  which  no  dreulaiioa  la  baaed 
(•ae.Id».8ll).  tho  availobla  means  of  the  boaka  wlil  U  lodacsd 
from  •«»JBM,»S  to  ISU348.360. 

The  boada  rapraacatlar  ibis  amoaat  of  eapiul  eoasiatad.  a« 
aopeats  by  the  Ubio^  of  p)B/Ma,200  of  five  per  osnl  and  f  100, 
897,400  of  six  per  esat  gold-haortag  bonds,  together  with 
fI93U;(13of  PadSeBailroad  bonds  Issaed  by  thetiovoramoat, 
aad  boariag  laloraat  at  the  nu  of  six  per  coat  pet  aaaum  la 
enrtsoay.  The  aanaal  intweot  oq  these  bonds  amoaolo  to 
tlSjaOJOi  ia  gold  and  9798,970  In  eurreaey,  the  tout  currency 
valoo  of  tho  ialorest  at  the  dau  named,  with  gold  at  llfl.  b'log 
$99,994  319.  Am  the  banks  are  mialrsd  to  payiato  the  Treasnry 
of  tho  Dailod  Sutoa  one  per  cmU  of  thoir  dreulaUoo  <or  $3,958,- 
481)  as  a  lax  thereon,  they  have  left  $19,010,930  la  eurreaey  as 
tha  a«t  aotount  of  inureat  leeeivod  by  tltm  on  their  bonds. 

Oa  reesiviag  their  cireaUtioa.  ihoy  am  riqalrod  by  thi  act  or 
luac  90, 1974,  to  place  aa  amoual  equal  to  Ive  per  osat  thereof 
(or  $19,997,413)  with  tha  Traaaurer  of  tho  Uaflod  Sta'as  as  a 
radompUoa  food,  leaving,  ol  the  ft33344M90  that  thoir  bonds 
secure,  $9OO.O0O,»t7,  naly,  availabla  for  ase;  which  amount,  if 
loaaad  at  olght  per  cent  per  anoun  (eetlmatod  as  the  average 
rato  Ihroaghoat  tho  eooatry),  will  prodoee  an  Income  ol  $94,739,- 
497.  aad  thts^  added  to  the  aet  Inuront  reeaivad  oa  the  boada 
<$19/)10jB30>  givea  $49,717,397  at  tho  whole  laoimo  derived  br 
ih*  aatiooal  baaka  from  their  eirealatkm  aad  trom  tha  boa^ 
daaaaHod  to  aacare  it.  Tbo  aaplul  used  to  purehaoe  tho  beads 
($491S40jn>).  il  ioaaod  at  eight  per  cent  aannal  IntercM,  would 
produce  aa  aaanal  ioome  of  fil4j007,013,  and  the  differoaee, 
which  la  90,970jOS3,  or  i  wo  and  ooo-quarter  percenlonthe  capital , 
repnaaaU  tho  proCt  that  the  boaka  raeeive  over  and  above  what 
eould  bo  ofatalaod  from  the  loan  of  thommo  amoaat  of  capital  at 
lb*  rata  of  iaterejt  namaj.  Thia  ia  aoaoiaalj  ahova  as  follows : 
jalawtaatC'  n^aUeu,  laaaa«at|psreaat MlfM.«r7 

ii<Mlt,T7f 


LcM  t«x  on  circalation. 


JJMAM 

Total  prolt  oa  capital  employed tt3.73T,t97 

The  total  cap'tal,  loaned  directly  at  8  per  rent,  wonM  earn 3i,06T,Ki 

DiCanoee,  which  repmenta  prollt  on  clrcolatioa |l,t70,OiS 

Two  and  one -fourth  per  oeat  of  the  capital  employed  ($135,. 
840,533)  is  $9,.'>S1.4I2,  wtiich,  at  shown  above,  is  aliout  the  value 
of  eirealation  to  the  Datioaal  banks  of  the  country.  Ia  loealiiiea 
whero  the  rate  of  interest  Is  seven  per  cent,  the  value  of  circula- 
tion is  somewhat  less  than  two  and  three-fourths  per  cent,  and 
whero  the  rate  is  ten  per  cent  the  profit  is  less  than  one  and 
throe  fourths  per  cent. 

The  large  margin— exeeeding  $100,000,000— between  the  value 
of  the  bonds  owned  by  the  banks  and  ths  circula'.ion  issued 
thereon,  would,  in  casd  of  disaster,  be  avaiU  >l  i  as  a  reverve  for 
the  payment  of  the  depositors  or  othercreli'.>-<  ;  and  this  is  an 
additional  argument  in  tavor  of  issuing  o'<r^  i  i  ion  under  the 
reatrlctions  of  the  law,  as  now  provided. 

If  specie  payments  should  be  reached  within  a  few  years,  the 
prominm  paid  by  the  national  l>aak8  upon  their  bonds  would  be 
nearly  il  not  entirely  lost,  while  iovestmenta  by  private  bankers 
and  State  banks  of  ao  eiiual  amount  of  capital  in  loans  on  bond 
and  mortgage  would  not  suffer  from  any  such  depreciation.  This 
loM  has  not  b<>«n  taken  into  consideration  in  the  foregoing 
estimate.  Another  important  consideration  is  that  the  average 
ratio  of  State  Uialion  upon  national  banks  during  the  year  1874 
was  somewhat  more  than  two  per  cont  upon  capital.  If  the 
natiooal  banks  should  go  into  liquidation,  and  the  owners  of  the 
bonds  should  continue  to  hold  the  same,  the  amount  of  State 
taxation  aaved  to  them  would  nearly  equal  the  benefit  which 
thay  BOW  realise  from  circulation. 

DIVIDES' Dit. 

It  la  urged,  as  a  further  objection  to  the  national  banking 

rem,  that  the  dividends  paid  to  stockholders  are  greater  than 
aataiags  of  other  corporations.  It  is  true  that  some  national 
bate  whieh  have  aeeumulated  a  large  surplus,  or  are  organised 
la  iMBlltlaa  whero  the  proportion  of  deposits  to  capiul  is  large  or 
tho  rato  of  intorest  iiii^h.  aa  in  the  Western  and  Southern  Sutes 
do  declare  large  dividends  ;  but  il  ia  well  known  that,  as  a  rule, 
tha  ial<«  of  interest  charged  en  commercial  paper  by  the  national 
baaka  in  their  respective  loealltlea  aro  less  than  those  charged 
by  Bmts  bonks,  private  bankers  and  Individuals.  But  the  divi- 
daadi  aad  earnings  of  the  national  banks  do  not,  as  a  rule,  exceed 
by  mars  tbaa  two  per  cent  the  current  rates  of  interest  authorized 
^  law  ia  the  raapeetivc  Statoa  ;  and  this  additional  amount  of 
prail  la  suroly  not  too  great  a  compensation  for  tho  risks  and 
expaaaw  Incident  to  the  buainoM  ot  banking,  and  to  which 
eafUal  loaaed  directly  on  mortgage  aecurity  is  not  subject. 

Oa  a  aubaequent  page  of  this  report  wilt  be  found  tables  show- 
ing for  a  seriea  of  years  the  amount  and  ratios  of  dividends  to 
mkfMI,  to  capital  aad  surplus,  and  of  earnings  to  capital 
•M  aafitlua,  of  tbo  national  lianks  In  every  State  and  prin- 
<l^  city  In  the  ITnioa.  Hut  in  order  to  further  aid  in  correcting 
the  prevalent  error  that  exorbitant  or  extravagant  profits  ore 
aauaally  dIviJod  t>y  them  upon  the  amount  of  means  inveotod. 
a  tabular  alalauMat  la  subjoined  shewing  correaaanding  ratios, 
tor  the  loat  aix  aad  a  half  vaurs.  In  the  aovermr  geographical 
of  tho  oooatiy.  aad  too  average  ratio  tor  the  whole  period. 


BsCleoTdlTMsadatotapHal,  for  «1«  ■omba  eodlna- 

wn. 


i 


M*. 


I 


i 


p.t'p  c.  p  c.  p.e 

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rAiLUBn  or  matioxai,  baxks. 

Thaloaaea  to  creditors  from  the  failurea  of  banks  prior  to  190.3 
WMol  be  ovaa  approximately  eatimated,  the  only  accessible  data 
batlag  roferonee  solely  to  losses  upon  eiitsotation.  Mr.  MaoCul- 
locii  Mrs  that  "  the  destruction  of  country  banks  in  England  has 
upon  three  dllTorent  occasions.  In  1793,  In  1814-'1.V<8,  and  In 
19K-'98,  produced  an  extaat  ef  bankruptcy  and  misery  that  hoa 
aover  pernaps  been  equaled  except  by  the  Mississippi  scheme  In 
rWBrr  lo  18?0  forty-three  commissions  of  bankruptcy  wero 
laiaad  against  country  bankers,  and  Irom  1809  to  1830  no  leaa 
tbaa911  " 

Elliot's  Funding  Svstem  gives  a  list  of  fifly-fivn  banks  In  the 
Caitad  States,  wilh'an  a/Kregate  capital  of  $67/)30,30.j,  which 
fhllad  In  I8tl.  The  toul  bank  capital  In  that  year,  as  stated  by 
BlUott,  was  $317,949,003,  and  the  failures  thereforo  represented 
moM  than  one  fifth  ot  the  entire  bank  capiul  ol  the  country. 
It  Is  further  inenllonwl  that.  In  nearly  everr  instance,  the  capital 
Invested  In  siiHi  failures  was  wholly  lost.  Of  these  fifty  five 
baaka,  tweoiy-firo  had  Iteeu  organised  unlnr  the  free  bankiotf 
•yslom  of  .Vew  York,  whieh  was  adopted  in  1838,  and  represented 
a  mpital  of  $3337,990 ;  and  eleven  were  organised  under  tha 
stfaty-fund  systom.  with  a  capital  oi  $.3,000,000.    The  falluroa  In 


660 


'THE  CHRONICLK 


[December  11,  1875. 


Penngylvania  represented  |45,711,000  of  capital,  incluiiini;  the 
United  States  Bank  of  Pennsylvania.  witU  a  capital  of  $33,000,000. 
The  failures  in  Ohio  represented  $3,377,16S),  in  Illinois  $3,446,133, 
and  in  the  city  of  New  Orleans  $4,708,052  ol  ciipital.  Correspond- 
ing facta  respecting  the  State  banks  of  this  country  in  subse- 
quent years,  anl  especially  in  connection  with  the  panic  of  1857, 
will  be  remembere(i. 

Since  the  organization  of  the  national  banking  system  in  1803, 
and  down  to  Octobtr  1,  1875,  thirty  eight  national  banks  have 
failed,  with  a  total  capital  of  $9,011,100,  and  with  circulation 
amounting  to  $5374,893.  »  *  *  * 

The  whole  number  of  banks  which  have  failed,  with  their 
location  and  capital,  claims  proved  and  dividends  paid,  together 
with  the  estimated  loss,  is  as  follows : 


States. 


Connecticut 

New  York 

Pennsylvania 

Illinois 

OUo 

Indiana 

Iowa 

Kansas 

Utah 

Nevada 

District  of  Columbia.. 

Virginia        

Tennessee 

Alabama 

Mississippi 

Arkansas 

Louisiana 


Totals 


No.  of 
banks. 

1 

la 

3 
•    8 

I 
t 

1 
1 
1 
1 

2 
3 
1 
1 
1 
1 
3 


CaplUl. 

$60,000 

8,501,100 

550,000 

800.000 

100,000 

100,000 

100,000 

100,000 

150,000 

250,000 

700,000 

700,000 

100,000 

100,000 

50,000 

50,000 

1,600,000 


f9,011,100 


Claims 
proved. 


t68,966 

5,019,430 

1,055,264 

l,001,8;fi 

144,775 

206,998 

205,256 

5!),3i9 

76.366 

169,812 

2,2M,458 

1,342,252 

376,932 

288  932 

3.3.110 

15,142 

2,327,248 


Dlvid'nds 

$67,606 
4,251,S07 

669,660 

123,'I22 
50  671 
46,611 

110,»58 
24.H!« 
11,455 

1.35,850 
1,022,487 

501,618 
65,385 

101,126 

11,583 

1.5,142 

1,048.443 


t'stimat'd 
loss. 

$1,379 

433,684 

288,717 

59:i,310 

43,<l.'!2 

84,825 

61,9!P3 

38,18.2 
16,981 
637,707 
764,a52 
811.597 
158.913 
18,210 

.50s'.7i5 


$14,672,106  $8,292,877  $3,984..5('3 


In  each  of  ten  States  in  the  above  table  there  was  a  failure  of 
one  bank  only,  the  aggregate  capital  of  these  ten  banks  being 
one  million  dollars.  In  iwenty-two  States  and  Territories,  includ- 
ing all  the  New  England  Slates  except  Connecticu*-,  wiih  New 
Jersey,  Delaware,  Maryland,  Kentucky,  Missouri,  Michigan, 
Wi'consin  and  Minnesota,  there  have  been  no  failures. 

The  number  of  mercantile  failures  in  the  United  States  since 
1869  is  tsiiraated  at  20,880,  with  liabilities  amounting  to  $809,- 
4eO,(X)0.  Of  this  number  there  were  2,974,  with  liabilities  to  the 
extent  of  $318,908,350,  in  New  York  City  alone.  The  number  of 
failures  of  national  banks  which  have  occurred  in  the  United 
States  during  the  same  period  is  twenty  two,  with  liabilities 
amounting  to  $8,952,878.  Upon  this  sum,  dividends  amounting 
to  $5,493,029  have  already  been  paid,  and  it  is  thought  that  a 
large  proportion  of  the  remaining  indebtedness  will  yet  be 
liquidated  ;  the  total  loss  to  depositors  and  other  creditors  being 
estimated  at  $1,810,040,  or  an  average  of  about  twenty  and  one- 
fifth  per  cent  of  their  claims.  In  New  York  City  the  number  of 
failures  of  national  bunks  during  the  same  time  was  five;  liabili- 
ties, $3,120,436  ;  esiimaled  amount  of  loss,  }  178,839.    «    *     *     * 

SURPLUS. 

The  few  failures  of  national  banks,  and  the  comparatively 
small  proportion  of  lose  wliich  baa  resulted  to  their  creditors 
from  this  cause,  may,  in  great  measure,  be  attributed  to  the  bene- 
ficial restrictions  of  the  act,  under  which  a  large  amount  of  sur- 
plus has  accumulated  since  the  nrganizilion  of  the  system,  and 
which  surplus  is  a  perpetual  and  increasing  fund  to  which  losses 
and  bad  debts  may  be  charged.  Tlie  following  table  exhibits  the 
amount  and  increase  of  the  surplus  fund,  semi-annually,  from 
1863  to  the  present  time  : 


Date. 


Number  i  Amount  of   Semi-annual 
of  banks.  I     surplus.         increase. 


July,  1864 

Jnnuarv.  1865. 
July,  le65. 


January,  1866 

July,  1866 

January,  1867... 

July,  1867 

January,  1868... 

Jniy,  1868  

January,  1869... 

June,  1869 

January,  1870... 

June,  1370 ., 

December,  1870. . 

Jnne,  1871 

December,  1871.. 

June,  1872 

December,  187i. . 

June,  1873 

December,  1873. . 

June,  1874 

December,  1874. 
June,  1875 


467 
638 
12;i4 
1582 
1631 
1648 
1635 
1613 
1610 
1628 
1619 
1615 
1612 
1648 
1721 
1790 
1853 
J910 
1968 
1976 
1983 
2027 
2076 


$1,129,910 

8.663,311 

31  803,506 

43,001,371 

Sil,161,992 

69,992,875 

63,23J,811 

7O,5f0,lS6 

75,810,119 

81,109,9:37 

82.218,576 

90,174,281 

I    91,689,834 

1    94,705,740 

I    98.322,204 

I  101,578, 154 

i  105,181,913 

111,410,249 

116,847.455 

120.961,268 

126.239,308 

130,485,641 

133.1  9,095 


»7,.583,401 
22,640,2,15 
11,6%,805 
7.151.621 
9  840.883 
3.239,939 
7,3.53.315 
5.2.53  993 
S.:i29,818 
1.048,«i9 
7,«S5.705 
1,515,.5.53 
.■!,015,906 
3,«16.i0( 
8,25",950 
3,608,78!) 
6,22-!,30(i 
5,437,-Jn6 
4,113,813 
5  278,('40 
4,216,»3 
2,683,464 


The  great  increase  in  this  fund  during  the  years  1865  and  1868 
was  largely  owing  to  the  conversion,  in  those  years,  of  State 
institutions  into  national  banks ;  but  prior  to  the  organization  of 
this  system  there  was  not,  that  I  am  aware,  any  provision  ol  law 
requiring  banks  to  carry  any  portion  of  their  net  earnings  to  a 
surplus  fund.  The  act  provides  not  only  that  a  national  bank 
shall,  before  the  declaratien  of  a  dividend,  carry  one-tenth  part 
of  its  net  profits  of  the  preceding  half  year  to  its  surplus  fund, 
until  the  same  shall  amount  to  twenty  per-cenlum  of  its  capital, 
but  that  losses  and  bad  debts  shall  be  deducted  from  its  net  profits 
before  any  dividend  shall  be  declared.  It  further  provides  that 
all  debts  due  to  an  association  on  which  interest  is  due  and  unpaid 
for  a  period  of  six  months,  unless  the  .same  are  well  secured  and 
in  process  of  collection,  shall  be  considered  bad  debts  within  the 
meaning  of  the  law.  And  this  provision  is  construed  lo  include 
slocks  and  bonds  upon  which  interest  is  past  due,  as  well  as 
promissory  notes. 


(We  omit  remarks  on  " Pvblieity,"  and  "Consolidation  of 
National  Debt.") 

NATIONAL  BANK  CIBCULATION. 

*  *  *  The  re-distribution  of  circulation,  as  contemplated  by 
the  act  of  March  3,  1865,  was  found  to  be  impracticable,  lor 
reasons  given  in  previous  reports  of  the  Comptroller;  and  a  sub- 
oequent  act,  approved  June  20.  1874,  provided  for  a  system  of 
redemption  of  national  bank  notes  at  the  Treasury  Department, 
and  a  re-distribution  of  $55,000,000  of  circulation,  under  an 
apportionment  made  on  the  basis  of  population  and  wealth  as 
shown  by  the  returns  of  the  census  of  1870.  The  same  act 
authorized  the  deposit  by  any  national  bank  of  la-.vful  money 
with  the  Treasurer,  in  sums  of  not  less  than  $9,000,  for  the  pur- 
pose of  retiring  circulating  notes,  and  the  withdrawal  by  them  of 
bonds  held  as  security  for  such  notes.  Under  this  provision  a 
greater  amount  of  circulation  has  been  voluntarily  surrendered 
than  was  needed  to  supply  applications  therefor. 

*  *  *  The  following  table  exhibits,  by  States,  the  number 
of  national  banks  organizad,  with  their  capital  and  circulation, 
together  with  the  circulation  issued  to  banks  previously  organ- 
ized, and  the  circulation  voluntarily  returned  and  destroyed,  from 
June  30,  1874,  to  January  14, 1875 : 


1 

'e 
6 

Capital. 

Circulation  issued. 

Circulation  retired. 

States  and 
Territories. 

To  new 
banks. 

To  old 
banks. 

Total. 

Under 

act  of 

Jnne  20, 

1874. 

Liqui- 
dating: 
banks. 

"s'liooc 

Total. 

Maine 

1 

»5O.0O0 

$15,000 
80,000 

$15,000 
80,000 

$1,000 

Ma8Hac  till  setts. . 

1    loo.oro 

Rhode  Island.. 

'$82,('6o 
27,000 

739,750 
26,100 

165,463 
21.(40 

1.165 
65,70(1 
73,065 

9,696 

82,000 

27,000 
895,213 

New  Yorlc 

Pennsylvania... 

1     200,000 

45,000 

45,666 

47,140 
1.165 

$138,000 
74.300 
18.000 
58,500 

138,600 
74,300 
18,000 
68,600 

65,700 

Virginia.. 

73,055 

West  Virginia 

9,895 

"62,'«6(l 
12,400 

"41,966 

South  Carolina. 

"l^SSO 
120,50(1 

62,2(0 

18,':  SO 

Florida 

Alabama 

2 

100,000 

46,000 

■' 4.51666 

45,000 
46,000 

162,400 

Te\a-* 

2 

200,000 

61,600 

61,500 

Arkan.^as 

566 

5,700 

51,5« 

30.194 

500 

Kentucky  

Tenneenee 

MiBBonri 

10 
4 

1,694,000 
250,000 

1,319.466 
189,000 

121,700 

■  iVs'.Tio 

4f.,i70 
104,.J20 
8:),320 
22.500 
63,000 
90,000 

1,441,100 
189,000 

325.'2i6 
944,070 

468,800 
203,920 

49,500 
324,000 
12(,,f'0O 

30,600 

"'78,066 

■"  4.'999 

448,'- 60 

6,700 
56,499 
479,054 

Ohio 

4 
IS 

8 
4 
1 
6 

306,606 

1,075,000 

450,000 

200,(00 

50,000 
3.50,000 

60,(00 
100,o00 

211,500 
895,600 
36t,4S0 
120,60(1 
27,000 
261,000 
86,000 
30,600 

■72,066 

41,000'  7-,2l.^, 

115,5001  17.170 

•232,3101  87,313 

63,700]     5,5(10 

24,80(i]  13.155 

8,100!  26.94(1 

9,000:     3,-l30 

2,100|     7.600 

8,165 

113,243 

Indiana 

Illinois 

Michigan 

Wisconsin 

Iowa 

Minnesota 

132,670 
819,(2:) 
69,2(10 
87,952 
85,010 
12.430 
9,700 

Nevada  . .  . . 



3,163 

200,000 

Utah 

43.6601    4.606 

48,i06 

4,C0(l 
791.913 

4,0CO 

Totalt* 

BO ;  5,369,000 

3,76.3  5.30 

980,920 

4,784,500 

1.975,819 

2,7(;7,v32 

The  act  of  January  14,  1875,  approved  since  the  date  of  my 
last  report,  repealed  all  laws  which  limited  the  aggregate  amount 
of  national  bank  circulation,  and  also  the  laws  (above  referred  to) 
which  jirovided  for  its  withdrawal  and  redi3trii)utiou.  It  further 
authorized  the  unlimited  issue  of  circulation  to  banks  organizef, 
or  to  be  organizeti,  under  existing  laws,  but  made  it  the  duty  of 
the  Secretary  of  tl;e  Treasury  to  retire  legal  tender  notes  to  the 
extent  of  eighty  per  cent  of  the  additional  national  bank  notes 
issued,  until  their  amount  should  be  reduced  to  $300,000,000. 

Between  the  date  of  this  act  and  November  1,  following,  eighty- 
nine  banks  were  organized,  with  an  aggregate  capital  of 
$10,654,100  and  $3,750,680  of  circulation.  Additional  circulation, 
amounting  to  $7,335,995,  was  also  issued  to  national  banks  organ- 
ized previous  to  the  date  of  the  net  last  mentioned,  making  a  total 
issue,  since  January  14,  of  $10,986,675.  Legal-tender  notes, 
amounting  to  $8,763,756,  have,  under  the  provisions  of  the  law, 
been  withdrawn  from  circulation  and  destroyed,  leaving  the 
amount  of  such  notes  outstanding  on  November  1,  1875,  $373,- 
286,344.  During  the  same  period  $14,570,305  of  national  bank 
notes  were  redeemed  by  the  Treasurer,  and  $3,690,918  surren- 
dered to  this  office,  none  of  which  has  been  reissued.  The  actual 
decrease,  therefore,  in  national-bank  circulation  has,  since  Jan. 
14,  1875,  been  $6,774,548. 

The  total  circulation  issued  to  national  banks  under  the  acts  of 
June  30,  1874,  and  Jan.  14,  1875.  was.  on  Nov.  1  of  this  year, 
$15,731,175,  during  which  time  $30,038,455  of  their  notes  were 
redeemed  or  surrendered  and  destroyed  ;  the  decrease  in  total 
circulation  during  this  period  being  $4,307,280.  The  whole 
amount  of  legal  tender  notes  deposited  with  the  Treasurer  under 
the  act  of  June  30,  1874,  by  banks  now  in  operation,  for  the  pur- 
pose of  retiring  circulation,  was  $37,553,839,  which  amount  was 
deposited  by  341  banks.  There  was  also  deposited  by  banks  in 
liqnidatiou,  $0,310,175,  to  which  must  be  added  a  balance  of 
$3,813,075  remaining  from  deposits  made  by  liquidating  banks 
prior  to  that  date  ;  making  a  total  of  $37,570,179  thus  deposited. 
Deducting  from  this  sum  the  amount  of  circulating  notes  which, 
during  that  period,  was  redeemed  and  destroyed  and  for  which 
no  re-issue  was  made,  there  remained  on  November  1,  of  legal 
tender  notes  on  deposit  with  the  Treasurer  for  the  purpose  men- 
tioned, $30,338,643,  which  amount  will  doubtless  be  increased 
from  month  to  month ;  so  that  the  extent  of  withdrawals  of 
national  bank  notes  during  the  current  year  will  probably  exceed 
that  of  their  issue. 

The  following  table  exhibits,  by  States,  the  issue  and  retire- 
ment of  circulation  from  June  30, 1874,  to  Nov,  1, 1975  : 


December  11,  1875.] 


THE  CHRONlCLfi. 


661 


ClreoUtloo  ntind. 


■ad  TaiTilork*. 


I  Under 


^CbcMUfn  under  ict  of  Uqolda- 
'    iMocd.    ,of  Jnaea).  ttocbuik^ 


Total. 


MailM .. 

New  Hftn>p*hlf«.  ....,......;.*.. 

101  Ml 

«M,BTII 

HM,iai 

SIS,830 

l,1M,i«0 

MQ.OSO 

a.i8*,Mp 

t.noo 

n.sio 

14M00 

m.8H 
mm 

l«kM8 

JMM 
81.181 

8n.«« 

]  S 

!        UB,<t9 

1        148.a8R 
IN^OT 

■■«;i» 

"fciis 

81&M0 

SMH 

•^ 
1^ 

i.a«<« 

aaron 
i.7a>.n 

811  ,«H 
tSO.SIT 
881  .Til 
885  00 

«B,tfO 

"\jm 

IMJIt 
88J» 

11.89 
4Mao 

liias 

T7H,MI 

8.Mt 

!»«,» 

mim 
mow 

«M,1«0 

*73,»a 

iHm 
"m 

41U88 

Kiw 

M,«l« 

tlMH 
1«UW 

USpfttt 

'        n.ssi 

4W.i37 
lM.tOO 

OmmfMnl ,..  . 

17i<.6't7 

!f«w  Itnuj 

9.««.»35 

na.n.v) 

•3S0  J19 

Delawmre ••....■• 

Mtrrliad 

I|-2,>ii8 

DMrtctof  Cetaakto 

ss).4n(i 

IfortkOMottaw 

Sfc:::::::-:::::::::::: 

SJS.5I8 

S!8.V« 
WJ.fCl 

"«t6 

8.730 

AlkMWL 

BflHIVCKy  ••>••>•-■•■■•*•  »•*••  •  •  • 

Twaani 

lUnoHfL.....  .«.•■.•.•.......•... 

bt't%tmi"\\\"\\\\\".\'.'..''.'  ".'.'. 

8«.  W 

ae.cw 

I7.WI 

188.101 

W6.IM7 

I.TOl.i?! 

HUaota    

t.8«l.».-7 

WclHaiM 

Wbcowta. 

iBva. 

»P.«71 
8M,nS7 
M7.gS8 

£lU""::::::::;:':::::"::::: 

II«krMka 

KnadL 

Colante 

rufc 

87t.aoo 

tl«.WM 

«,«I0 

M75 

1*7.11  IS 

Montaaa 

t,«0.91S 

Ttatole 

»is.™.rB 

HJ,T«.«M 

>4.«n.ns 

niio8K.«u 

Tha  followlos  Ubl«  ezhlblu  Ibe  toul  iasae  •od  reiir«ai«nt  of 
■sliookl  b«Dk  circuUtion.  aad  tb«  depoaii  and  roiiremeot  of  \rfr%.\ 
taod«r  Dot«)i,  moDtlil^,  frum  Jobs  90,  1874,  to  Norembcr  1,  \>i','>. 
lb*  •moaaU  iMaad  aad  rvtlnd  uader  (Mh  of  lb*  Mta  Bamed 
b«loK  flalvd  Mpuratrly : 


increased  during  the  present  year  to  $4,700,000.  TUeir  ag^renat* 
drcalatioa  has  also,  during  the  same  period,  been  increased  from 
^,150,000  to  #3,030.000. 

The  Xatiooal  Gold  Bsnk  and  Trust  Companj  of  San  Francisco 
has  deposited  in  the  Treasury  ot  tlie  United  States  1740,000  in 
gold  for  the  purpose  of  retiring  its  circulating  note*,  $3^0,000  of 
which  was  deposited  dariogr  the  present  luootli.  Two  other  (told 
banks,  one  at  Stockton  and  the  other  at  Petaluma,  liave  deposited 
$180,000  and  $40,000,  respectively,  for  the  saiue  purpose,  the  total 
amount  of  specie  so  deposited  being  $940,000;  and  tUeir  notes  to 
thst  amount  are  now  redeemable  in  gold  botli  at  tlie  office  of  the 
aaaiatant  treasurer  in  Ban  Francisco  aud  at  the  Treasury  in  Wash- 
ington. •  ••»•»•» 

By  the  act  of  June  30.  1874,  the  requirement  of  a  reserve  npon 
drcolation  waa  repealed  ;  but  this  provision  did  not  apply  to  the 
gold  banks.  The  circulation  of  such  banks  is  by  law  limited  «o 
eighty  per  c^nt  of  the  par  value  of  the  United  States  bunds 
deposited  by  them  ;  and  as  the  estimated  profit  on  circulation  in 
CMifornia  is  only  from  one  to  two  per  cent  (the  leirai  rate  of 
latereat  being  ten  per  cent  per  annum),  there  can  be  little  induc?- 
meat  for  the  organization  of  national  gold  tuoks  in  that  Slate.  It 
baa  been  aaggested  that  an  increase  to  ninety  per  cent,  in  the 
ratio  of  note*  iaaned  to  the  boadr  deposit«d,  shall  be  auihorlxed. 
Tbia  increase  will,  it  is  thought,  be  necessary,  if  additional  gold 
baaSa  are  to  be  hereafter  organiied,  and  it  is  therefore  recom- 
■waded. 

REDEMPTION. 

It  may  be  said  that  a  bank  is  in  good  condition  just  in  propor- 
UoB  aa  ita  business  is  conducted  upon  short  credits,  with  its  assets 
■I  bald  as  to  be  available  on  brief  notice.  •  •  • 

Aa  aoomalous  characteriatic  ot  the  present  system  of  redemption 
la  that  the  legal  tender  nole,  in  which  the  national  bank  note  is 
ladaeifcable.  iaof  co  more  value  in  the  market  than  the  issues  of 
Iba  banks  tbemael res  ;  but  the  exchanging  ot  one  kind  of  paper 
lor  another  has,  no  doabt,  had  the  efiect  of  reminding  the  weaker 
daaa  of  banks  that  the  notes  which  the/  is«ue  are  not  really 
■oaey,  but  |re  simply  promises  to  pay,  and  which  are  really 
to  be  paid  In^oney  to  the  holder  on  demand.         *  •  • 

Tba  following  table  exhibita  the  amount  of  national  bank 
solas  reeeived  mintbly  by  the  Comptr  dler  of  the  Currency,  from 
Jane  30, 1874,  to  November  I,  187.'>,  and  the  amount  received  for 
'  I  aaoM  period  at  tha  redamplioa  agency  of  the  Treasury  : 


Moalfes. 


Jea*.  m4  HaM  10  dan). 

'•It.    "     

Aa«.  *     

UCLt  •■a»<>a>>  •■•••) 

50T.     ••        

ne< 

Jan  .'  I8:»  lani  M  ttjH-  '■ 


Total*  fna  JOM  81^  ■•  lo  Jaa 

i«.  ta 


.  cIrS", 


iMMd.    I  lUcind. 


1     «.1tD,Ml 

i.iaa.40D 
Mkisr 

\im         MI.7W 


jm..  t«»fiMin4an> 

•  wv..  ••••••-•■•••• ••••  ••    ma . 

^\m  ,  ••*.■-■  •■■■•••■    ••••«»• 

^y*'^  ♦•••••••B»»eaae««     seat* 

wBy»  »  •••  ■•••■••••••••■*■• 

*wty»         ••#■•  ••*•••. 

Aflft.9  ««e>'>>aa>««aaa  ••■■>••■ 

^•P*«»  >••••    •te*«    •••■■««■«•»' 

ratals  Ileal  iM.  M,  ••  Xev.  t  *». 
Wsdaaal  teak  aoias  lairsailwii 
_lallj8iai«*a»l  wsliad.......  . 

OiaadMata.. 


•i.i»UM  tt,m:nniijmjmT 


mjm     asaov 

l,t8*.«. 


I.I8U4» 


1.(14.4 

l.MJ.san 


tjf^ijja.' 


tjmsii      

8.M,10(I 

um,«4a  tr.778.io) 

18il.«8;  l.m,i4n 

l,«8i.8ao  M7,-«> 

I.O«».aM  l,«»i.4«» 

I.«»l.»lft  l,aiS,471 

•ia.«<a  aoa.Kii 

8.l«I,40i|  8M.WI 

S.SII,a8S  WI,WO 


•ia.8«M7»tM.>»jo»t88,ii*.aiR  is.na.iM 


3!r: 


fSoaUaf 


Racehred  by  Cemptrollrr. 


(or  ra 


r om  re- 


sarr'adr. 


NaT.. 
Dae. 


TiMa.. 

,l»l». 

tiaa.... 

Fab 

Mar 

US':::: 

Jaa* 

JJj 

OelabOT. 


tLCITJBS 

*.!!!•*■> 
188Ltlft 

Mt,a«i 

88I3M 
l«T,MI 

mjm 

8ff.l88 
IM8I.I 

•8M.4K{ 


danptlon  Of  cloaed  Undpf  act 
afeaey  (or     bank*,     of     June 

ra-lsaoe.     '.  |  80, 1874. 


tioo.ooo 
la^ioot 


•I,1IT,I«P, 
1«.«RT.0«> 

io.8u,Me 

t,  181, 100, 


|47.MO,K»     t87».>M   MOit,!!!)! 


I8i,4M 


I80.408 

414,800 

488,400 

4T»,400 


Total. 


tl.«T,« 


wm 


SMn.«ao 

IU8S.M0, 
ll,7nj830 

ii,8»«  aoa 

14.tl4.80O 

7.i»>.aon 

7,8*^800, 


UtM»  7.i«>.aon 

mM  7,8ii>,8ao, 

48JM  aj88lWt 

48MM^  »,«K8ori 


•816.0171 

aioiiob! 

881 J80; 
8M,800 

«a8,«<«t 

•u,«oa 

•lOJTs' 


9IM,I«  1 
8I&,«M 
9II<,»1« 
*l«.7a> 

i,«i8,aoo 

1, 788,  ion 
8081800 

i,4W,ooa 
i,iM.no 

1.888,818 


1,710^8M 
8,870. 101 
10,888,704 
11,848,081 
11,888,419 
8,«8».88S 

»48B,8M| 
11188.811 
18,881,  ISUl 
18jn,0s7 
IS4U.I 
8,786,( 
8,S>I.41« 
8.714,*8n 
7.789,806 


n.i88| 

8tJSt 

88,88*1 


Beeolvadat 
redonpt'a 
aceacy. 


•10.888,171 
«.SkS,888 

7388,878 
6,808.481 
10,<86.907 
11.8!>l.eOI 
8.8«8,8Pb 

•ai,t»i^ 

?8,6M,088 
«,t 


ian.818 


8,818.878 


..     .....  W0.0a».4a8  887J7a.m    8^.788.73S 

Tbe  foltowlog  Banuaary  rxinoita.  eoodaaly.  th«  operation  of 
the  acta  of  June  90,  1874,  and  of  January  14,  187.5,  down  to 
NoTambar  1  of  tha  ptaaaat  year  : 

SaUaaal  baak  drcalatlon  oatMaadiBC  Joa*  88. 1874 •8IS.8»4,l«t 

"   aaJaaa«,i«74,laJ*aaary  14.  ia» S<.n4,ai» 

Itaanttadkatwaaaasaadalaa 8,781,888 


*ae88kian,leJi 


M^Mt.. 


1.8 


tf  salalaadiM  Jaaoary  14.  1878 

mA  latirsd  tfam  Jaa.  14  to  Kov.  1, 18m... 
~  taraeaa  MM  data 


1881,881,480 


raaikar  1. 187S    ..     |a4SJ88,«»l 

I  an  daposH  la  the  Tiaaranr  Jaaa  80i 

If  not**  of  laaotvaat  aad  nualililleg    _ 

D^^Mrf  rma  JtaMj^inii'lo  ^ioTMBber  i.'m.°la 


«MU,fra 

88,787  JOI 


^Wal......_.  .^.._. ^■.. |87JBt.l7» 

'  "*  by  "naaaarw  batwasai  Haw aataa.  wttboat 

17,8S7,M7 


rBataaf«aatolacoad*poM!fa*aaib«  I,  !•»....    eiOi»«l,«t} 

raataaiatfeadaadeTactar  Jaaaary  M.n78 B.78l.7S«l 

Dmiian  af  aatfciaal  bank  aoMa  fitna  Jan* 80,  MTI.  to  !fov.  1, 1878       4,Wr.V<0 

K4Tlo:<IAI,  OOLD   nANKS. 

The  nailnnal  gntd  l>aaka  of  tbe  United  States  are  nine  In    miin 

ber.  and   are   all  loea'.ed    In  the  State  of  California.     Thrlr  total  | 

eapiial.  which  on   .Vovember  1,  1874,  waa  $3,650,000.  has  been 


ToUla.  .    |I.M^t08|  |»l.aOI.8B5,|S.S10,OT7  81l.070.su  1110.8^8.180  11(7,044,884 


Otandtot  |7.Ma,7>l  tHI.Odt. too  H*****  ♦18.1*8. 4»4'tl8a,88».aa'$tl»,88e.446 

•  Utt  M da|>.    t  rinl  II  da;-,     t  Uat  17  day*. 

From  tbe  above  table  it  will  b<>  seen  that  there  was  received  at 
ttia  redemption  agency  of  tbe  Tr«a*nry,  from  Juoe  20,  1874,  to 
Norember  1,  187.V  $2I9.838,UV  Of  thi*  amount,  $)»,000,000,  or 
aboai  forty-two  per  cent,  wat  reeeived  from  tbe  banks  in  New 
York  City.  Tbe  toul  amount  received  l>y  the  Comptroller  for 
tiaalractioo.  from  the  rvdrmptionagency  and  from  the  national 
baaka direct,  waa  $16/;,oaiiS.VI ;  of  which  amount  $:.5.09>.8.14  were 
laaaaa  ot  the  banks  of  tbe  city  o!  New  York ;  $:3,S49,877,  ot 
tbaae  of  the  rity  of  Boi^ioa  ;  $1  650,M7.  ul  Philadelphia  ;  $3,ae6,- 
air<t  Baltimore .  $.3,141,000,  of  Pittsburgh;  $3,796,94.5,  of 
aBiH||l,ftll,749.  nl  Saiui  Louis;  $I,288S70,  of  Cincinnati  ; 
mBaMTof  New  Orleao*  :  $1,110,780.  ->f  Albany;  and  of  those 
of  iba  other  redemption  cIiImi.  $9,807,795. 

Tbe  amount  of  national  bank  not**  now  outstanding  npon 
vkkh  the  charter  namber  baa  beea  pnnvod.  fa  $150,356,847, 
laeiiag  $101,9<IO,S05  of  notes  in  circulation  without  such 
anaBbera.  •••»•.» 

Tbe  objection  to  the  present  system,  on  the  part  of  tbe  banks, 
ia  tbe  expense,  and  there  ia  no  doubt  tliat  their  complaints  are 
aaiitled  to  consideration  ;  for,  under  any  true  system  of  redemp- 
tllMa,  tbe  correct  principle  ia  that  the  bolder  shall,  at  his  own 
expense,  present  the  note  at  the  place  of  roJomption,  while,  nndar 
the  act  of  June  20.  the  expriiHe  of  such  presentation  ia  borne  by 
the  aaaoriatlon  which  Issued  the  note.  Biit  there  are  good  reasona 
for  the  continuance  of  the  ayatem  as  it  is.  If  tbe  transmitting 
btwk  is  to  bear  the  expense  of  presentation.  In  many  inatanoea 
tbe  BIthy  and  mutilated  n'>tes  which  should  be  retired  will  be 
paid  out  in  order  to  avoid  that  expense,  and  at  the  same  time 
binka  In  the  chief  commercial  cities  will  be  subject  to  charges 
which  ihouid  be  tx>me  by  ibnee  who  have  tbe  benefit  of  tbe  cir- 
calation.  The  expense  to  which  the  issuing  banks  are  subject  la 
in  some  degree  munterbalanced  by  tbe  privilege  which  they  have 
of  sanding  onaasorted  bank  notaa  to  the  Treasnry  for  redemption. 


562 


■THE  CHBQNICLE. 


[December  11, 1875. 


and  by  the  repeal  of  the  provision  requirinfr  reserve  upon  circu- 
IMlOD.  I.ietter8  upon  this  subject  liave  been  received  by  the 
("^mptroller  from  the  officers  of  manv  leadiufr  banks,  and  it  is' 
ibelr  almost  universal  opinion  that  the  redemption  of  bank  notes 
should,  at  least  for  the  present,  be  performed  by  the  government 
and  not  by  private  corporations. 

Section  5178  of  the  Revised  Statutes  provides  that  Iheexpenses 
of  this  office  shall  be  paid  out  of  the  proceeds  of  the  taxes  or 
duties  assessed  and  collected  on  the  circulation  of  the  national 
banks.  This  tax.  from  the  organization  of  the  system  to  July  1, 
J>J57,  amounts  to  |30,836,93V,  while  the  pxpenses  of  the  bureau 
and  of  the  printing  and  preparation  of  the  notes  have  been  but 
$3,889,017  04.  The  tax  on  deposits  was  imposed  as  a  war  tax  ; 
and  as  other  similar  war  taxes  have  been  repealed,  the  national 
banks  claim  that  this  tax  also  should  be  repealed.  The  amount 
of  taxation  to  which  the  national  banks  are  sulject  (thi*  aVerage' 
rate,  including  State  and  national,  being  about  four  per  cent,  per 
annum)  is  much  greater  than  that  Imposed  upon  any  other  capital 
in  the  country  ;  and  it  seems  but  just  that  tlie  ta$  on  deposits 
should  be  remitted.  Under  existing  law,  the  a.ssortitig,  redetnp. 
lion  and  destruction  of  the  notes  of  banks  In  liquidation, or  which 
are  retiring  their  circulation,  is  required  to  be  done  at  the  es- 
liense  of  the  government.  This  expense  has,  durinjj  the  past 
year,  been  borne  chiefly  by  the  banks  ;  and  the  amount  of  this 
class  01  currency  to  be  redeemed  during  the  next  year  is  esti- 
mated to  be  about  one-eighth  of  the  whole  issue,  for  which  pur- 
pose there  will  prolably  be  on  deposit  with  the  government  not 
less  than  an  average  of  $20,000,000,  in  addition  to  the  redemp- 
tion fund  of  about  |1C,000,000. 

If  the  tax  on  deposits  be  not  repealed,  the  Comptroller  recom- 
irionds  that  Congress  authorize  an  appropriation  of  an  amount 
fufflcient  to  defray  the  expenses  of  redemption,  to  be  paid  from 
taxes  collected  from  the  national  banks,  now  amounting,  annually, 
to  more  than  seven  millions  of  dollars.  The  banks  will  then  still 
contribute  the  greater  portion  of  the  expense,  through  th'j  per- 
manent deposit  by  them  of  legal  tenders  in  the  Treasury  as  a  re- 
demption fund  ;  while  the  trifling  cost  of  redemption  will  be  more 
than  counterbalanced  by  the  Constant  purifleation  of4he  currency 
and  the  (iermanent  reduction  of  exchange  throughout  the  country 
to  a  minimum  rate. 

Under  the  present  system  of  redemption  the  Treasurer  trans- 
mits by  express  legal  tender  notes  in  paymenS  of  unassorted 
national  bank  notes  received  by  him.  Many  of  the  banks  prefer 
that  such  returns  should  be  placed  to  their  credit  with  their  cor- 
respondents in  the  commercial  cities  ;  and  if  such  transfers  can  be 
made  at  the  option  of  the  transmitting  bank,  a  large  amount  of 
expense  will  be  saved  to  thsm.  and  one  of  the  principal  objections 
to  the  present  system  obviated. 

The  following  table  exhibils  the  number  and  amount  of  na- 
tional bank  notes,  of  each  denomination,  which  have  been  if  sued 
and  redeemed  since  the  organization  of  the  system,  and  the  num- 
ber and  amount  outstanding  on  November  1,  1875  : 


Denomina- 
tions. 


1 

t..;.. 

"  5...1. .-..., 

10 

so 

50 

I'O... ...■••■ 

500 

i.ociO 

Add  for  frag 
mentH  or  notes 
lost  or  destr'd 


Nnmber. 


I      Re- 

Issued.     d,en,ed. 


1?,046,176  14,092,lif) 
6,039,7581  4,8!6,623 
47,056,184:24,956,771 
17,4  0,507]  7,608,53; 


5,296,064 

881,165 

645,888 

18,476 

5,530 


2,0*l.4(j4 

881,037 

S99,4« 

14,471 

5,018 


Outstand 

ing. 


3,954 
1,22.3, 
i2,128 
8,801 
3,291 
503, 

346: 

4, 


050 
,129 

413 
,975 
,IHK) 

,ias 

,410 
,005 
48-3 


Amount. 


Issued,    j  Redeemed.  P"^""*- 


$13,046,176, 

12,079,504 

235,275.921), 

174.105.fi70| 

105,9il,280: 

44,208,2.5:1 ! 

64,.5a3,800l 

9.238,000| 

5,530,000 


$14,092  126 

9,633,246 

124.633,865 

16,085,340: 

40,089,280 

19,('51,850 

29,942,800 

7,235,500 

5,018,000 


$3,954,030 

2,446,V58 
110,612,065 
98,0)9,760 
65,832,000 
25,1.56,400 
34,6)1,000 

2,002,500 
482,000 


1,205 


195,401.692  54,148,500  41,253,192   668.988,000  *325,811.971i343,i63.a28 


^ '^Dcdnct  from  tlie  amount  redeemed  $7,205  30  for  payments  of  notes  lost  or 

,pie  following  table  exhibits  the  increase  and  decreaee  bv 
nijRiber  and  amount,  of  each  denomination  of  national  bank  notes 
issued  during  the  joar  ending  November  1,  1875  ;  from  which  it 
wJl  be  ejea  Ihat  while  the  notes  of  tha  denomination.s  of  ones 
twos  and  fives  have  largely  decreased  during  the  past  year,  there 
li^  been  a  considerable  increase  in  the  notes  of  hii-lier  deuomi 
nations,  partieuljiEly  of  the  tens  and  tw«ntieB :  ° 


DenomlnatioVis.* 

NuBubci*. 

*■       Amount. 

;        :.  .  .J  .o  ,  ., 

:  Increase. 

Decrease. 

Intieaee. 

Decrease. 

1     '..■ 

S7T;66« 
801,a»a  rt 

«2,7S4 

50,500 

1,450,608 

560,905 

;4,073^I8 

?    r....i. 
>  1 

'  i',66.3 
75 

M,776,060 

.1    TB,02I.980 

3,38a(9'()0 

5,050,000 

$1,460,603 
1,1»1,9,X1 

10..   ...:....j..c.....'. 
» .-•,-••*  .. 

.50 , 

lOO,...   ,.  ..'.... 

MO 1  ;»>.  ;: 

20,'i65,590 

i,«w .....;,....^..;: 

-     8.31, .5fti 
-    76,000 

'WtilB... ,'.;.-: 

-1  .■■■■■' .:    f<  ,: 

796,939  . 

6,086,4«4 

$18,2.34,740 

— f — : . 

$23,844,623 

T^e  followtng  table  shows  the  amount  of  national  bank  notes 
received  at  this  office  and  destroyed  yearly.sincc  the  organization 
or  tlie  system  ;  , 

Piior  to  November  I,  1865 

During  tlie  year  eiidiug  0(  roller  31,  1860 

Dilring  the  year  eiidinii  October  31,  1867 '.   '. 

IJift-ingljie  yearenilna;0crober'3I,  1868..'.  ...:....      --         a  m.>  u-jk 

During  the.  year  Ending  0<*olierai,  1869...: '  "  V.V  i"'"ir'y*'     1'St5.« 

Duringth*  year  ending  Oct(>ber..3l,  1870.. .v...;.  i'."^'x"J.'i^""  i^WZ-S 
Diirinxtbe  year  ending  October  ai'iMl  ■■'—■'••''■■'■•^■^■^^••■■:  "■fJS.SS? 
DiiHn8fl«5.carradingOctober3ir?rrt    '•■■•■'■■•'■«•■■■•♦■■''•■•■••'    ^'•*«*.M? 


•■•  '"  $17.5. '190 

ajc    ],(i,50,3S2 

■If-i-Vi'.n   '  3,401,423 


Durfeigthe  year  ending  OctotJeraihlSfSi 


i-a-i'- 


80,211,720 
36,433,171 


During  the  year  ending  October  31,  1874 49  969  741 

During  file  year  ending  October  31,  1875 137'697'696 

-Xddftlonal  amount  destroyed  of  notes  of  banks  In  liquidation...."!     15',038!853 

•'**»*• • $3J5, 804,771 

TAXATION. 

The  Comptroller  in  September  last  isaaed  a  circular  addressed 
to  the  national  banks,  recjuesting  returns  of  State  taxation  for  the 
years  1874  and  1375.  Tli  assessment  for  1875  had  not  generally 
been  made  at  that  time,  and  the  returns  for  that  year  were  there- 
fore meagre.  The  number  of  banks  in  operation  during  the  year 
1874  was  nineteen  hundred  and  seventy-seven,  forty-one  of  which 
paid  DO  State  taxes  because  they  were  organized  after  the  assess- 
ment for  the  year  had  been  made,  and  thirty-six  failed  to  reply. 
Returns  were,  however,  received  from  nineteen  hundred  banks, 
having  a  capital  of  |476,838,03I.  The  thirty-six  banks  whic'i 
made  no  returns  had  a  capital  ot  |10,800,000. 

The  retiirns  made  to  the  Treasurer  for  187-1  were  classified  by 
States  in  this  Office,  and  the  following  table  prepared,  giving  the 
amount  of  United  States  and  Sta^e  taxes  and  the  rate  of  taxation 
in  e»ery  State  in  the  Union  for  ffa^t  year. 


States  and  Terri- 
tories. 


Maine 

New  Uiuiipshire.. 

Vermont 

Massadinsetts 

Rhode  Island 

Connecticut 

New  York 

New  Jersey 

Pennsylvaiiia..... 

Delaware 

Marj'land.  . . . 
Diet,  of  Columbia 

Virginia 

West  Virginia.  .. 
North  Carolina..; 
South  Carolina. . . 

Georgia : . . 

Alabama 

Louisiana 

Texas .. 

Arkansas 

Kentucky 

Tennessee 

Ohio 

Indiana 

Illinois, 

Michigan 

Wisconsin 

Iowa 

Minnesota 

Missouri 

Kansas  

Nebraska 

Oregon  

California 

Colorado 

Uta;h 

New  Mexico. ... 

Wyoming 

Idaho  

Dakota 

MoQtapa 


Capital,  ■ 


$9,654 

5,31 

7,862, 

01,764 

20,604 

25,424, 

106,699: 

13,830, 

53,178, 

1,623, 

13,720, 

1,809, 

3,580, 

2,375, 

2,173, 

3,166. 

2,843, 

1,634 

4,000, 

1.054 

205, 

8,076 

3,457 

29,112; 

17,9.36, 

20,607, 

10.098, 

8,704. 

6.048, 

4,288: 

9,.308: 

1,783, 

1.025, 

250, 

3,868, 

74S, 

139, 

300,1 

125, 

100, 

60, 

350,1 


Amoant  of  taxes. 


United    „.  .         „     , 
States.     State.      Total. 


.Old  $111,403 

,037  .  60,002 
,712  88,152 
,078  1,163,858 


$303,693 

I66,S89 

227,449 

3,042.226 

42.5,865 

711,203 

5,071.526 

488.096 

1,248,766 

27,428 

375,«48 

25,0.35 

107.164 

67,991 

69,438 

146,0;6 

85,528 

44,0.35 

11.3,912 

37,24 

10,618 

»  151,290 

121,134 

1,045,751 

644,562 

788,179 

283,772 

143,815 

216,536 

140,100 

302,665 

68,049 

55.165 

9,296 

46,014 

27.733 

9,.M4 

6,868 

2,8r. 

l,.5Ji 

1,8.3V 
14,967 


493,751,879  7,236.08319,620,326, 16.876.4.T9 


.800 
620 
,708 
,466 
,261 
186 
1,997 
,512 
,913 
,216 
,3,38 
250 
,962 

1,000 
,897 
000 
,127 
89' 
642 
,404 
963 
162 
032 
,662 
,026 
198 
,23: 
,000 
000 
,594 

r.si 

402 
000 
,000 
000 

;ooo 

000 


201,317; 

271,801 

2,026,96O: 

205.451 

8!1.223 

20,793 

181,249 

19,747 

54,957 

33,484 

30,837 

34,421 

31,656 

18,746 

61.642 

14,.3&4 

2,48li 

103,635 

50,290 

403,69: 

214,97: 

367,718 

134,062 

67,4S5 

98,421 

03,221 

112,625 

28,182 

20,883 

6.8(18 

46.044 

16,983 

6,.387 

3,718 

1,697 

1,393 

614 

6,777 


$192,290' 

lWi,587; 

13:),297l 

1,878.368 

221,540 

43!1,I02 

3.044,665 

282,M5 

377,646 

6,6.W 

194,697 

5,238 

62,207 

34  507 

38,601 

111,654 

53,872 

25,289 

52,270 

22.863 

8,080 

47,65"' 

70,844 

642,054 

4W,.586 

420,461 

149,720 

76,.33f 

117.116 

76,876 

190,140 

41,867 

34,282 

3,488 

in",760 
4,137 
3.16(: 
1,1S( 
129 
1,226 
8,19C 


Batlos  to  capital. 
l^^t  St.U,.|TotaI. 


P.O. 

1-8 
II 

1-1 
1-8 
10 
11 
1» 
1-5' 
16 
1-41 

rsi 

r6j 
1-6 

l-4i 
l-4j 
111 
111 

1-21 

1-41 
]-21 

1-li 
15 
1-4, 
1-2, 

i-s! 

1-8! 

l-8i 
1-61 

i-sl 

1-2; 

15 
2  0 
2-8 
1-4 
2-3 
1-2 
1-2 

1-4; 
12! 

1-9 


P.C.I 

s-oj 

2-1 
l-8l 
21 

ri 

l-8i 
2-9 
21 
07 
0-4 
1-5 
0-4 
l-6i 
l-8! 
l-gl 
3b| 
1-9 
I'll 
1-4; 
2-3 
8-9 

o-s! 

2-21 
2-2, 

2-61 

2-2 

r5| 

2-8! 

2-lj 
2-0 
21 
3-8: 
8-3| 
1  4 

a'i 

1-4 

11 

2-5 
0-1 

2-6 


P.c 

sa 

88 
2-9 
8-4 
21 
29 
4-8 
8  6 
»-8 
1-8 
88 
1-9 
3  1 
8-2 
3-3 
4-7 
30 
2-9 
2-9 
3-7 
51 
1-6 
3-7 
S-6 
3-8 
40 
2-8 
41 
8-7 
8-5 
8-3 
4-8 
6-3 
3-7 
1-4 
4-4 
3-6 
2-3 
3-9 
1  5 
3-7 
4-8 


1-6.       201       3-5 


_Total....... 

♦  IiiclnHing  the  capital  of  banks  from  which  returns  of  the  amount  of  State 
taxation  were  not  received. 

<o«i"''''lMoI;''^*"'"""^''"""^ '"  ""^  "PPC'Klix,  giving  retnnis  by  States  for 
ioO(  ana  IodU. 

An  examination  of  these  three  tables  will  show  that  the  State 
of  New  York  paid  the  highest  bank  taxes  of  any  of  the  Eastern 
or  Middle  States,  the  United  States  taxes  for  that  State  in  the 
years  named  being  respectively  2  6,  3  6  and  1-9  per  cent,  and  the 
State  taxation  3o,  27  and  2-8  per  cent ;  totals  in  1867  61  per  cent. 
In  1869  5  3,  and  in  1874  48  per  cent.  The  corresponding  totals 
for.New  Jersey  were,  in  1367,  4-3;  in  1869,  4  3,  and  in  1874,3  6 
per  cent;  for  Pennsylvania,  in  1867,3;  in  1869,  3-3;  and  in  1874, 
2-3  ;  for  Massachusetts,  in  1807,  4  ;  in  1869,  37,  and  in  1874,  34  ; 
for  Maine,  3-5,  3-9  and  33;  New  Hampshire,  3  8,  4-1  and  33  ; 
Connecticut,  3-8,  3  4  and  3  9  ;  and  in  the  remainder  of  the  Eastern 
end  Middle  States  more  than  3  per  cent  in  1874,  with  the  excep- 
tion of  Delaware,  which  paid  but  IS  percent. 

Of  the  Western  States,  the  national  banks  in  Ohio  paid  the 
following  percentage  of  taxation;  In  the  year  1867,4-6;  in  the 
year  1889,  5  5,  an.d  In  the  year  1374,  36.  In  the  State  of  Indiana 
for  the  same  years  the  porcentagp  was  37, 4-1  and  3-8.  In  Illinois 
it  was  4-8,  4-8  and  40  ,-  in  Michigan,  35,  3-3  and  2-8  ;  in  Missouri, 
8-4,  3-7  and  33;  in  Wiscpnsib,' 47,  49  attd  41  ;  Minnesota,  3-3, 
f3  and  3o  ;  Kausa.v4-5,  84  and  4  8  ;  Nebraska,  7-1,  04  and  5-3. 

Of  the  Southern  States,  Sonth  Carolina  pai,d  the  following  per- 
centages: 3-4  in  1869  and  47  in  IS74  ;'  Tennessee,  41,  37  and  3  7 
in  the  three  years  named  ;  Snd  the '  remainder  of  the  Southern 
States  paid-in  1874  more  than  3  per  cant,  with  the  exception  of 
Louisiana  and  Alabama,  which  paid  3-9.  (ind  of  Kentucky,  which 
paid  but  1-6  per  cent.  .j  .      .1 

ReturiiB  were  also  received  from;  the  national  banks  in  1866, 
which  wf  re  not  tabulated  by  StatSfe."  The  ,Uuited  States  taxes 
for  that  year  were  $8,009,938  i '  State  "taxes,  $7,949,451  ;  total 
$16,019,389.  

An  estimate  of  the  total  taxation  of  the  national  banks  for  the 
ten  years  ending  in  1875  has  been  made,  "by  assuming  the  rate  of 
S^te  taxation  m  the  yesrs  in  which*  tfo  xeiurns  were  made  to  this 
office  to  have  been  the  same  as  tli«  known  tSiXo  in  the  years  which 
immediately -preceded  them.  For- the  yoara-lSiS  and  1873  the 
necessary  allowance  has  bern  Btade  ia  the,  estimate  for  the 
amotjut  of  the  income  and  liconsti  tax  and  the  stamp  tax  on 
promissory  notes,  which  taxes  had  then  been  repealed.  Such 
estimate  is  shown  in  the  following  table: 


December  11,  1875.] 


TKE 

1   rt:., 


CHRONICLE 


663 


it. J    ..  .  =^ 

dixUnd.    From  these  reluni»  Ihe  following  Ubie  haa  bmn  pniunil.  c  xhibitiug 
tiie|^];n^Ate  capilttl  and  ciirplti^,  tutnl  divtdvi.ds  and  tutu'  '^  of  tl^e 

nattmul  oiuik«,  with  the  ratio  of  dividend:!  to  capital,  di\  'tal  and, 

mrpius.  and  earnings  to  capital  and  purjiliis.  for  eachhaii  nniencine' 

M^  ■    '   and  ending  Septoml>er  1.1875;  from  which  it  will  be  (een  that 

t!i  vidends  upon  capital  during  the  lattt  year  were  lesa  than  ten  per 

cei  :io  ratio  of  dividends  to  capital  and  surplus  was  less  than  eiKht 

percent.'  ^■ 

u<*> 


Amoont  ot  T%xt». 


Ratio*  to  cspiul. 


YeM»  CSipJial  rtoAj     ^.^^^ 
I     8tal««. 


I»TB 
1871 
I8» 

un 

I8J5, 


4iMia.m> 

tS.SU.Ml 

«i.aM.in 

471.«M,M6 

4Bi.ni.cre 
«ie.«ii,i7i 


*  Capital  of  bank*  reporting  State  laxea,  $«n,8S8,0Sl. 

The  Comptroller  has  heretofore,  in  hia  report*,  called  the 
attention  of  Conferees  to  the  fact  that  wliile  the  national  banks 
are  subject  to  a  tax  upon  their  entire  capital  (^ which  can  be  easilj 
ascertained  from  their  books  and  reports)  and  not  unfrequHntly 
npon  the  market  ralne  oi  their  shares,  the  capital  and  shares  of 
other  corporations,  the  amount  and  value  of  which  can  be  as  readllj 
aaeertaioed  by  appropriate  legislation,  are  aaseaaed  at  not  one  half 
of  their  Talae,  while  private  firms  and  iniiTidaals  are  almost 
wholijr  exempted  from  bearing  their  share  of  the  burden. 

Letters  recently  received  b/  the  Comptroller  from  the  presi- 
dents of  two  principal  banks— one  in  the  Eaat  and  the  other  in 
the  West — refer  to  this  greatest  of  all  econoniiesl  subjects  in  such 
plain  terms  that  he  cannot  lorbear  calling  the  attention  of  Con- 
gress lo  their  sugsestions.  Many  of  the  shareholders  of  the 
national  banks  depend  for  their  income  chietly  upon  the  earnings 
of  these  ioatitations :  and  it  does  not  seem  just  that  these  thou- 
Ban<^  of  shareholders  shall,  by  may  construction  of  law,  be  com 
Delled  to  par  an  undue  proportion  of  the  taxes  of  the  country, 
tt  is  submitted  that  the  law,  aa  now  interpreted  by  different 
State  ooarti  and  by  asaeasora  and  eollactors,  U  B«itber  sqaitable 
aorhoneM.  ••••••♦ 

Section  o3U  of  the  Revised  Statuiea  provides  that  the  national 
baoks  shall  pay  to  the  Treaanrsr  the  following  taxes :  One  per 
cot  annually  spon  the  average  amount  of  notes  la  dreulation, 
a»d  one-ball  of  one  per  cent  annually  upon  the  average  amonu' 
of  depoeits,  and  tlin  average  amount  of  capital  stock  not  investi-'l 
in  United  States  bonds. 

'Fhe  following  table  exbibiu  the  amount  of  United  Bute*  taxi  a> 
eollected,  annually,  from  the  organisation  of  the  system  (1893,  : 
Jgly  1,  1875;  which  amoant  haa  baaa  collected  witlioat  any  r- 
pease  w hr lever  lo  the  govemuMnt  •soept  th«  aMspiUny  of  il. 
relama  in  the  Treaaory : 


Tear. 


1«4.. 
use. 
MM.. 


MMHKi 

f-lf  ~ 


vtn.. 
isn.. 
itn. 

i»ri.. 
iiri. 


»• 

t;mr,m: 

tMBMi  m 


;OBelrcalsllaa|  Oa  dcporita. 

tSStatm 
MKne « 

%Mtr. 


Ob  capllal.  '    Agv^enf 


|W.««SI1 
tt*.*M  IS' 

»l.9<l  M 

»*,Mi  et, 
*tt,*:»  mi 

mmtM  rr 


t»>.KM«n  M'  tniOlr 


JTO'sli.^^ 
•  Tb*  sine  III  cnlkcted  hj  tht  Comialwlon 
Jwmm,  l«n.  was ••  foUows: 


tl«7.:ni 

5,»4'.»8t  ;i 
V'.irjH  M 

y*¥),*:t  so 
•,i7s,r««7 
<,nB,9ta  «T 


7.o»i«ifn 
r.m.u4  M 


'luBlate 


Oa 

OuesplW 
0»  elrealirtna 


bsaka,  *ii4'sflTate  kaalu  and  Lackgr»,  dorlag  tlM  Sacal  jrrar 
•aloUi 


I.MUII  M 
•«.7««7 


HJ'K;m  It 


TtrO  CUT  vrAMP  TAX  ox  BAXK  CHXCKS. 

The  Secretary  of  the  Treasary,  npon  the  appeal   of  the  Comp 

troller  In  April  las.,  decided  that  examinations  of  national  bankf, 

mad*  for  the  pafposa  ol  aaeertalning  whether  the  law  requiring 

Ibcaflxingof  lb*  two^aat  stamp  upon  bank  checks  was  observed 

by  tbaaB.coald  be  eondaeted —'-  »-Ti.--t  ■■^..^- ^.^...^nted  br 

IhUoMee:  and  lhl«optniofiha«)>  -Conn 

fo(lke4>elrtciuf  PeaaajWaala.  rra|iH-.i 

of  llM  then  CesMMlinliei w tt  Iwrm..   ik-.v. ' 

riaadaOTa  apea  Ikt4  •■b)eet  kave  deea  resnlarljr 

Tte  oflbSM  of  Weraal  ravMM  kan  cowUMcd  U  ih 

for  sar  «KlKt  lo  eoiaplT  witk  thU  prarblaa,  the  *ii—"..i       ....  ,.v......  .- .>.i! 

AasaasBl  saoa  Uhi  aaaiber  ol  ehscka  (oaaa  aastiMpart.  >•  pcaaltjr  can-  be 
tSSSSttmm  Iks  law  anks*  the  teMal  lo  MtaaS  Ihe  faTeraoaal  aball  be 
■  lii  ■luaiial     TW  aatlcMl  haaks  of  BsUlaMll^ sod  tmoetftlum  la  aiaa 


Fsriod  of  dx 
monliu  endlnx-^ 


CapitaL 


8a|)Cl,  IMS.... 
Mar.  1,  ]87a  . 
Sept.  1,1870.... 
Itar.  1,1871... 
a*pl.l,  1«7I.... 
Mar.  1,  un.... 

Sept.],  lan... 

Mar.  1,  ISTS.... 

atft-uisn.  .. 

Mar  1,1874..  . 

9<r'  '  ""■'     • 

M 

8.- 


Surplus. 


t 

83,106.91^ 
88,118,210 


l,«l  «)l.«a,8iii 
|1,&7I  4l8,3ea.Ml 

11,806  488,888,169  ||,8;^4UI 
11,883  44B.m,8U  iR,886,5»l 
1.780  430.803,706  a«,43l,»n 

li,8ai  4n.fnjaa  i08.i8i,i)«i 

1 1.918  471^818,888  1 14MBJt9 

11,858  498,100,961  U«,Il834B  84.88810)1 
1.987  4«,6ta888ll8S,44B,RSS  *\.!m,»» 
1.971  48>,988,»l  v?^  •»n.~-. ...  .►:^i,»n' 

ti007  498,S08,83>  -^i' 

{8.047l487.a84,8!l :  7S. 


Total 
divid'nda 


$ 

«I,T«7,831 

«I,479.0J»|88; 

8l.06O,l«8 

83.803,191 

88.186,871) 

81,887.88! 
8t,ai6,06! 


Ratios 


Tba  fulluM;ii^  table  exhibits,  iu  n  louuac  forio.  the  ratio  of  dividends  to 
osplial  of  the  National  bankx  in  every  Slate  of  tjie  Unloa.  and  in  the  principal 
CttMk  ■•ml-annuall;  from  March  1,  ISTf,  lo  September  1,  IKi: 


giates.    Territories,    and 


1  Nilne , 

t.Nsw  ilampaklre 

S.Vsnnani 7., 

4  MaaaaehnactU 

&     Ihwton 

A  Rhode  hland. 

'  '-ticut  ,.„ 

1  >.(rl[. ....... ...... 

-  Y.rkaty 


"a... 
iuciphla.  ■ 


Balios  of  dlv.denda  to  capital  for  six  months . 
ending— 


1871. 


p.e    pe 


1878.         1878. 


p.e 


1874. 


\m'-  ^ 


I 


Id  aMaelatlMn  In  aiany. 
lo  deftaid;  bW  that  Ike 
eC  iasdvMlaace  or  uf  Ihe 
They  hs»»,  howrvir.  paid ' 


P.C.;p.c.  p-c.  PC 

9.8  9.5:  9.5  «.V 
4. a  4.71  4.3:  4  8' 
4.SI  4.7    9.3    4.1 


4. J 

1 

9.3    9  : 

i.t 

4.4 

i.: 

*.; 

8.3 

4.D 

B.6 

5.! 

S.S 

51 

4.9 

iS.- 

S.l 

5.4 

S.l 

5.1 

S.l 

S  1 

4.8 

4.1 

».r 

5.(1 

4 ; 

4.2 

s.ii  4.1 

4.3  4.4 

8.0    S.4 

9,3 

S3 

4,l>l 

9.4 

r  4.9 

4.4 
3.8 

4.4 

4.' 

5.; 
5.4 

5.1 
5.f 
5. J 
9.1 
9..1 
3.9 

i.r, 
4.r. 

4.T1 

9.3 


9.1, 

5.n| 
4.8 
9.3. 
5.0,  5.8 

s.lLl.i: 


3.5,  5.4  3.1 
4.4'  4  9  4.4 
4.4  4.9:  4.9 
5.4    S.i    3.1 

S.lf  4.8,  4.'> 
4.8  4.:  4  G 
3.4  4.»;  3.11 
S3    5  4    4.9 

5.0  i.i,  4.8; 
5.8  5.8*  5.1 
5.3   3.6 

5.1  5.1 
5Sl  5  1' 

3  > 
4. 

4  II 

I  >. 
54 

5  • 
4  ' 

.^ 


5.1 

R.I 


4.7, 
4  3 


p.e. 
3.4 
4.1* 
4« 
5.8 
4 

4.3 
5.8 
4.5 
4.h 
5.P 
3.) 
3.1 
3.7 
3.4 
R.) 


n  .1' 

4.3: 
4  3 


"iSST 


p.e,  p.e- 

sj  5  r 

9.0    4.9 

4.7  4  8 
5,9!  5..1 
4.4  4.1 
4.R   4.81' 

5.8  5.7 
5.0  4  8 
4  8  4.3 
5.8,  4  1 


Detroit.... 
41  Wl*coDain..., 
U  Mllwaakec. 
4l,Iowa. 

SMlaneaota... 
MiMourl 


■setaitaa  Ada  eowM  tslksr  Ihaa  lo 
■Bsmt.    or  the  whole  naaalNr  ef  faai 


...  the  Decnury,  act  aBon  thaa  ire  have  beiu  ..  ,-■. 

the  axsailasn  aa  sttBtr  ot  laMoUonal  liaad.  „    _ 

TIM  fWMMa  dSrtradlBlh«a<calnsr«idiaKJaaa8l>.in4.  rnxD  tbeMAr  of 

iheti«>«eaitlaapaaaxadlaatoht«an«aiidrh(cks,  wasfl^^"      

farr  lalitael  itsMi  swaafketamd  iailBg  lh«lacilr*"w>iae  ' 
««•  tt.«*l.ia8L    Tte  Slisal  at  ■esaia  arWac  fraai  theac«a.i 

•i«iB{M4»^aavbealrramamlbesecaral«r]rdeC«rmlaHL    T!..  ~ 

10  las  kaak*  and  la  tab  0«ee  vvwiaaaataf  Ite alrlat •aforaannt  of  ihin 
|H«vl«aa  of  Um  law,  haa  beea  aiaitariMa  Ikal  la  refsceaes  U>  all  the  other 
laililillw  af  Uw  MtWwsl  taaithig  Isws  comMiwd:  aod  Ik*  Cooiptnill<-r. 
bellsvhM  Ikat  the  smonit  «(  mveaos  derind  fro*  thU  aoora  doaa  aa(  coan- 
'  —  '">  *T«*  arWaa  hna  Ike  mmillaiire  to  which  all   banka  and 

isaaasarfll  HiitisM  Iha-vbjt,  sad  bdnc  aatiaJcd  Ikal.  la  almost 
;  Ms  trfhn  la  eaaply  Strictly  wUk  IWs  naatnsasat  b  ckargeable 
I  <<  m^sat  daBSsKen  or  to  Dm  Iwaaelsaey  0f  tka  aoellaire 
««>Ti>  r..,-nian*ads  lbs  risial  of  Ike  provMoo 


!.>. 

.,. 

i   . 

B.b 

4.6 

4.t 

4:8 

8.C 

ll.C 

5.4 

6.0 

H.k 

5.F 

6.0 

B.7 

6.8 

6.0 

4.3 

4.9 

5.4 

8.0 

4.t! 

5.1 

6.0 

6.4    5.ki 

8.1 

5.7 

5.3 

4.8 

.  •■> 

8.8 

8.1 

8.5 

6.1 

8.0 

S.S 

5.0 

9,8 

4  ] 

4.9 

4.0 

B.< 

4.4 

49 

II.O 

fi  b      K    1,    4   a   14    1 

.. 

'• 

I  4 


4.1,  6. 

6.1:  i. 

9  «    •. 


4.1-1 

4.b; 

6.8 
5.2 
5  1 

-..5' 
,1 
10 
■I.T, 
4.6 
5.0, 
1.3 
I  g! 
■■') 

■■'.i' 
-.'J 

'..4 

V.]' 
■  n' 


s.d 
9.5 
4.8 
5.8 

u 

1.0 

4.7 
4  t 
9.1 

4.3 
4.4 

8  7 

•sl 

4.1 

t.li 

u 

4  r 

9.8 
9.5 
9.9 
6.0 

9.S 


^  .t  .t 
u  «.l 
'.I    9..T 


5  81  9.0,  S.l'  5.1 
It.  U.  * 

Tauu  I'  "■"  riiiTT  or  1  ib^  i  i,.»tin<j 

ini:  table  exhibit*  tlf  kind- and  am' 


I  risial  ai 
k^fierka. 


Meariaa  BUS  of  tb> 


,nip  npoa  baak-cfi 
n  SABafiiita. 
:  ufovidsa  thai  ihr  naii< 


repad  lo  Ik*  raaailiotlw.  wiUi^  lant  dajra  sftsr  il 
amoaal  of  sack  dIvUaad,  sad  the  snoaat  of  ast ' 


fiftt  hank*  -hall 


_^,^,JU,,_4^,^j^ 
S.il  5.1I  4.8!  B.li  S.O   4.0 


nnta  of  Pniied  Slates  boadji 

Tieuatv  oa-'IkD  Irt  day  of  Novsmber,  181S,  lo  sscute  MM-redaaiii- 

Irralallnsaotssef  national  baaks: '. 

iUteof  '  ' 


of  boada. 


I 


Astkoriaiiig  act. 


lalereai.  |  AmouBt.i 


,6  per  cent, 
"percent, 
ft  per  cent. 


Feb.,  18BI  «:•»» Februarys,  1881.......... 

JnlTiAiig.,'<>l,c8riU,''<>>T  17  and  Angnat  9, 1581 

MtSI't) Man:h8,1888 

Kta*  of  Mairh, '84.  March  8,  tM< 

itlesof  Jane,  "ftl.    JnneSi,l884  .. 

March  3,  INS....: 

do "I"'  "I" 

do.         6perrcni. 

do.         tip<?rcent.i 

'Uarih  8.1881 3|)ercent. 

.lulv  14.    Til,  and  Jan.  20,  '71  5|>ercent.: 
Jjily  1,  H61,  and  .luly  2.  M.  dpercent. 


•or  IMS 

ii. 


SHeaaLtllJ 
idclRaiUlaa. 


IIJS?  li  ws*  derived  hom  Iks  lax  of  tea  pci  coat  himuI 


of  ises. 

jof  18BS 

Coaisla  of  I81.7 

T      r        .of  1P64 

in  nf  I»S1... 
'■.  ulway  boad«. 


is.cTs.ooo 

51.090,890 

18,C4«,70O 

179.008 

4  8-6  800 

8.  .72,700 
B,r.1B,il5P 
IO.»R2,100 
2.!WI,00a 

w.uri.isn 

iii.u7J,rKo 

12.HM  31^ 


Total 


..jM«7i4'l.lIi 


6fi4 


THE  CHRONICLR 


[December  11,  1875 


Theae  secnrlties  consist  of  $128,503,212  of  eli  per  cent,  and  t889,(M8.!00  of 
five  per  cent  bonds.  The  amount  of  six  per  cent  bonds  now  held  is  *17.-178,- 
438  lesa  than  on  November  1,  1874,  and  the  five  per  cent  bonds  have  also  been 
reduced  td!i,3.!X'0  during  the  same  j>eriod. 

Since  October  1 ,  1870.  there  has  been  an  increase  of  five  per  cent  bonds, 
tmoanting  to  |;H3,10.'l.i:50,  and  a  decrease  of  six  per  cent  bonds  of  |I18,388,088. 
Since  October.  1I<6J,  the  increase  in  five  per  cent  bonds  has  been  $ltiS,198,800, 
and  the  decrease  of  six  per  cent  bonds  $ ,  -17,747,838. 

SrBCIE.   TAPER  CURHENCY   AND   BANK-CHECKS. 

The  table  below  exhibits  the  amount  of  specie  he'd  by  the  national  banks  at 
the  dates  mentioned— the  coin,  coin  certlttcatcs,  and  checks  payable  in  coin 
held  by  the  national  banks  in  the  cily  of  New  York  being  stated  separately— 
for  the  last  seven  years: 


Dates. 


Held  by  national  banks  in  N.  York  City. 


Coin. 


Oct.  5,  '83. 
Jan.  4,  'I 
Apr.  17,  '69.1 
June  :2,  '6!l. 
Oct.  »,  '(>». 
Jan.  22,  '7.). 
Mar.  24,  '70. 
June  9,  '70. 
Oct.  8,  '70. 
Dec.  2S,  '70. 
Mar.  18,  '71. 
Apr.  29, '71. 
J'neJO, '71 
Oct.  2,  '71 
Sec.  16,  '71. 
Feb.  27, '72. 
Apr.  19,  '72. 
J'ne  10,  '72. 
Oct.  3,  '?2. 
Dec.  27, '72. 
Feb.2j, '73. 
Apr.  2\  '73. 
J'ne  3,  '73, 
8ept.l4,  '73. 
Dec.  2S,  '71, 
Feb.  27,  74, 
May  1,  '74 
J'ne  2S,  '74, 
Oct,  2,  '74, 
Dec.  31,  '74. 
Mar.  1, '75. 
May  1,  '7,i, 
J'ne  80,  '75, 
Oct.    1,  '75, 


U.S.  Colnl 
c'rtlflc'tes 


Total. 


$1,698,62)24 
l,9ti2,769  4S 
1.6.52,575  21 
2  542..i3:i  96 
1,798,741  73 
6,19«.IB(12i) 

2.647.908  39 
2,942.400  24 
1,6(17,742  91 
2,26S,581  96 
2,982,155  01 
2,047,9.30 
2,249,408  061 
1,131,869  40 
1,454,930  73 
1,490,417  70 
1,828,659  74 

3.782.909  ti4 
920,767  87 

1,506,091  05 
1,9,-,8,761  8fi 
1.344,9,')0  9S 
1,442,097  71 
1.063,210  55 
1,376,170  50 
1,167,820  09 
1,530,2J2  10 
1, ('42,525  00 
1,291,786.56 
l,44i,215  42 
1,084,555  54 

910,105  76 
1,023,015  86 

75:),904  9 


J6,,')90.I40 

18,018,620 

3,720,040 

11,953,680 

16,897,900 

2a,S01,460 

21,872,480 

18,660,920 

7,533,900 

14.06:1,510 

13,099,72') 

9,845.050 

9,161,160 

7,580,260 

17,354,740 

12,341,069 

10,102,400 

11,412,160 

5,454,581 

12,471,940 

11,539,780 

11,743,320 

22,139,0,10 

11,522,000 

i8,3-!:,76U 

2:5,518,640 

2ii,4,>l,660 

13,671.660 

13,114,4=0 

14,410,910 

10,622,160 

5,75:1,220 

12,642,180 

4,201,720 


Held  by 
other  nation- 
al banks. 


$9,6'2-),llR90* 
22,289,429  97* 
6,842,441  85* 
13,471,2)89  71* 
19,704,.589  45* 
36,888,141  0:1* 
2i..589,4'<2  f 
23,767,228  12* 
;3,l.l,5,^.49  3:i* 
3 1.080,248  8:1* 
19.911,757  25* 
16,27,5,117  95* 

15.091.422  !)8* 
9,676,757  84* 

21,01  5,3' 2  12* 
16,948.578  60* 

16.646.423  99* 
19,414,489  II.* 

6. 17,5,347  37 
13,778,031  05 
1:1,498  549  86 
I:l,ll88,2i0  93 
2,3,581,177  71 
14,^85,810  55 
19,701,930  CO 
24,686,460  09 
a(,9S4,942  10 
15,514,185  00 
14,41I6,'26U  56 
1,5,854,155  42 
11,706,715  S4 

6,683,325  78 
13,6'.5.195  86 

4,955,624  90 


$3,378,596  49 1 
7,8:i7,820  291 
3,102,090.301 
2,983,860  701 
8,2!)7,816  38 
]1,4,'.7,242  69 
ll,.5O7,0R(n6> 
8,832,211661 
5,324,362  141 
6,227,00-2  56; 
.5.8,57,409  B9' 
6,456,9119  07 
4,83,3,532  18 
3,377,240  331 
6,.529,997  44 
8,559,246  72 
7.787,475  47 
4,842,154  98' 
3.854,409  42 
6,289,303  40 
4,'J79,123  67 
3,780,557  81 
4,368,909  01 
6,28i,658  90 
7,205,107  08 
8.679,403  49 
7,585,'127  16 
6,812,022  27 
6,834,678  67 
6,582,605  62 
4,960,390  63| 
3,937,035  88' 
5,194,386  41 
3,094,704  83, 


Aggregate. 


1.3,0ft3,7I3  39 
27,6'26,750  26 
9,914,r,32  15 
18.45.5,0911  48 
21,002,405  83 
48  845  383  ',2 
37,096,543  44 
31,091,4:17  78 
18,460,011  47 
26,:i07,251  59 
2,5, 709,166  64 
22,732  027  02 
19,924,'  55  16 
13,252,998  17 
29,596,299  56 
95,'0'',8!5  :13 
24,43:1,899  46 
24,256,644  14 
10,'229,766  79 
19,047,336  45 
17,777,673  53 
16,S6S,8(18  74 
27,9M,086  72 
19,86'',469  45 
26,907,037  58 
33,365,863  58 
32,569,969  26 
22,326,207  '27 
21,210,9)5  23 
22,4:16,761  04 
lfi,6s7,106  17 
10,620,3iil  64 
18,95  ',582  30 
8,050,329  -3 


the  purpose  of  liqiildatins  its  affairs;  and  thereupon  diecharging  the  Comp- 
troller and  receiver,  by  virtueof  such  legislation,  from  all  further  repponpibilities. 

4.  For  the  investment  of  the  funds  of  insolvent  banks,  on  deposit  with  the 
Treasurer,  in  interest-bearing  securities  of  the  I'nitcd  .States,  wnen  dividends 
are  delayed  by  reason  of  piotracied  litigation. 

6.  Providing  that  if  any  shareholder  or  shareholders  of  banks  whose  capital 
stock  is  imiittired,  shall  refuse,  after  three  months'  notice,  to  pay  his  or  their 
assessments,  as  provided  in  section  .5205  of  the  Revistd  Statutes,  a  sufficient 
amount  of  the  capital  stock  of  such  delinquent  shareholder  or  shareholders 
shall  be  sold  to  make  good  the  deOciency. 

6.  An  amendment  of  section  5200  of  tlte  Revised  Statutes  extending  the  limit 
of  liability  of  any  association,  person, -company,  or  firm,  lor  money  borrowed, 
from  one-tenth  of  the  capital  paid  in,  to  flfleeh  per  cent  of  capital  and  surplus 
for  banks  located  in  the  reserve  cities,  and  to  one-tenth  of  capital  and  surplus 
for  other  banks, 

7,  Prohibiting  the  deposit  of  more  than  tenpercentof  the  capital  of  a  national 
bank  with  any  private  banker,  or  with  any  person  or  association  other  than  a 
national  banlcing  association. 

8.  That  no  national  bank  shall  be  liable  to  make  good  any  deficiency  which 
may  hereafter  arise  in  any  special  deposit  made  with  such  bank,  unlesy  there 
shall  be  produced  by  the  owner  of  such  dej  osit  a  receipt  in  which  the  liabilily 
of  the  hank  shall  be  distinctly  stated, 

9.  The  repeal  of  the  two-cent  stamp  tax  upon  bank  checks, 

10,  Requiring  the  word  "counterfeit,"'  or  "altered,"  or  "illegal,"  to  be 
stamped  on  all  counterfeit  or  nrauthorized  issues, 

11,  The  repeal  of  that  portion  of  section  4  of  the  act  of  Jnne  17.  1870,  which 
provides  for  the  organization  of  savings  banks  in  the  District  of  Columbia, 

Many  of  these  proposed  amendments  were  incorporated  into  a  bill  reported 
from  tne  Committee  on  Banking  and  Currency  during  the  last  session  of  Con- 
gress, but  no  final  action  was  reached  upon  tliem, 

SYNOPSIS   OF  SITPREME  COURT  DECISIONS, 

The  following  synopsis  of  the  decisions  of  the  Supreme  Court  of  the  United 
States  relative  to  nati'inal  banks  (.3d  to  21st  Walhce,  inclusive)  has  been  pre- 
pared at  the  request  of  the  Comptroller  by  Hon,  Charles  Case,  late  receiver  of 
the  First  National  Bank  of  New  Orleans,  now  of  this  city, 
AbaUm^nt, 
An  action  brought  by  a  creditor  of  a  national  bank  is  abated  by  a  decree  of  a 
district  or  circuit  court  dissolving  the  corporation  and  forfeiting  its  fran- 
chises,   (National  Bank  of  Sclma  vs.  Colby,  21  Wallace,  609,) 
AetUme. 

I.  A  national  bank  may  be  sued  in  propar  State  court.  (Bank  of  Bethel  VI. 
Pahquioque  Bank,  14  Wall,,  383,  p,  395, 

II.  Such  banks  may  sue  in  Federal  courts.  The  word  "by"  was  omitted  in 
section  57  of  act  of  18(4  by  mistake,  (Kennedy  v*.  Gibson,  8  Wall,,  pp. 
506-7.) 

Receivers  may  also  sue  in  United  States  courts,    (Ibid,  pp.  .506-7.) 

III.  When  the  full  peisonal  liability  of  shareholders  is  to  be  enforced  the 
action  must  be  at  law.    (Kennedy  vx.  Gibson.  8  Wall  .  p,  605,) 

IV.  But  if  contribution  only  is  sought  the  proceedings  should  be  memitg 
joining  all  the  shareholders  within  the  jurisdiction  of  the  court.  (Ibid,  pp. 
605-6.) 

V.  In  sueh  equity  suit  a  decree  interlocutory  may  be  entered  for  the  per 
centum  ordered,  and  the  case  may  stand  over  for  the  further  action  of  the 
court  if  necessary  until  the  whole  personal  liability  is  exhausted,    (Ibid. 


*  In  these  totals  is  also  included  the  amount  of  checks  payable  in  coin  held 
at  these  dates. 

The  specie,  as  returned  by  the  national  banks  on  October  1  of  this  year,*  is 
classified  as  follows;  Coin,  $3,36»,.569  74;  United  States  coin  certificates",  $4,485,- 
TBD— total,  *8,05(i,329  13,  It  will  be  observed  that  the  amount  of  coin  then 
held  is  less  tlian  at  any  time  during  the  last  six  years— the  amounts  held  by 
tile  banks  of  New  YorK  City  and  by  all  the  banks  of  the  country  bein.?,  respect- 
ively, $9,4,50,641  66,  and  $13,190,615  48  less  than  the  amounts  held  by  them  in 
October  of  last  year. 

This  marked  decrease  in  the  amount  of  specie  is  believed  to  arise  from  the 
increased  demard  for  commercial  balances  abroad,  and  from  the  special 
demand  during  the  late  monetary  excitement  in  San  Francis  o.  Authoritative 
statistics  show  that  sixty-four  millions  of  specie  were  exported  during  the  first 
nine  months  of  the  present  year,  as  against  forty-four  millions  for  the  same 
period  last  year.  The  demand  from  San  Francisco  is  believed  to  have  been 
about  five  millions, 

[Remarks  with  regard  to  "Lost  Bank  Notes"  and  "Insolvent  Banks" 
omitted,] 

CLASSInCATION  OP  ,STOCK3   AND  BONDS, 

Below  is  a  statement  of  the  aggregate  amounts  of  the  various  kinds  of  bonds, 
Btocks  and  mortgages,  and  the  amount  of  real  estate  owned  by  the  national 
banks  of  the  United  States  on  the  30th  day  of  June,  1875: 

United  States  bonds,  par  value $402,028,100  00 

Stocks  and  bonds  of  States $3,105,143  56 

Stocks  and  bonds  of  cities ^ 8,074,630  77 

Stocks  and  bonds  of  corporations 15,067,623  29 

Bonds  of  counties  and  towns 2,848,59.5  84 

Bonds  and  mortgages  on  real  estat* 2,914,322  72 

—       32,010,316  18 

'    Seal  estate  owned,  mcluding  baniung-house  property 87,956,241  37 

Total  ..   $471,994,657  55 

The  following  table  exhibits,  for  October  1,  of  this  year,  the  amount  of 
reserve  required  to  be  held  by  the  national  banks  under  the  act  of  June  20 
1S74  (whicn  repealed  the  requirement  of  reserve  upon  circulation);  the  amount 
which  would,  at  the  same  date,  have  been  reqniied  by  the  previous  law;  the 
amount  then  actually  held,  classified  so  as  to  show  the  proportions  in  bank  and 
with  reserve  and  redeeming  agents  ;  and  the  amount  of  legal  tender  reserve 
released  under  the  operation  or  the  act  named. 


p,  505,) 
VI,  " 


liOcation  of  Banks. 


States  and  Territories, 

New  York  City 

Other  reserve  cities. . . 


Totals. 


Total 
reserve 
required. 


Act  of 
Jnne 

20, '74 


mens 

$45-9 

50-6 

55- 1 


151-6 


Nat'l 
Bank 
act. 


MlVns 
Sso-3 

55-1 
72  2 


207  6 


Re- 
serve 
held. 


MU'M 

899-7 

60  5 

78-8 


L.  tender  reserve  required] 


Act  of  Jnne  20,  '74 


Is 
bank. 


Mtrns 

$13-7 

49-5 

25 


ifii'ft* 

$ll-ft 
11 
3-6 


234-0 


I  91     16-3 


Legal 
tender 
reserve 


Nat'l  releas'd 
Banl'  ,  bv  act 
"c'l  M'June 
"'  1874. 


Intbe 
Trea-l,r„ja, 
BUry. 

f'       -^JfH'ns 


^\    20,-165,59,  il 


105 


1  hela.. 


Ad  examination  of  the  table  shows  that  the  national  banks  helK'  '■'.'.'.  •'ber 
1,  1875,  g-«,400,000  more  of  reserve  than  would  have  been  lequired  rjtil  "u '  'ije 
act  of  June  20,  lt.74,  and  882  400,000  more  than  is  required  under  that  «,0i  Tt,e 
amount  of  cash  re,^erve  held  w-aa  $148,500,rieu,  which  sitm  exceeds  by  $Sr-)O.CCio 
the  amount  required  prior  to  June  30,  1874,  and  is  $41,300,000  greater  thSn  thJjt 
required  under  the  present  act, 

AMENDMENTS, 

The  following  amendments  of  the  national  bank  act  are  recommended, 

1.  An  amendment  authorizing  the  Comptroller  to  appoint  receivera  of  national 
banks,  whether  transacting  business  or  in  liquidation,  when  insolvency  shall 
become  evident  from  the  protest  of  drafts  or  of  checks  dr.iwn  upon  fuch  asso- 
ciations, or  otherwise,  if,  after  due  examination,  it  shall  appear  that  the  assets 
are  insnfflcieut  for  Xh.<:  iiquidaiion  of  existing  indebtedness, 

2.  Antli  inzing  the  ajmoin  inent  of  a  riceiver  when  the  charter  of  a  bank 
Bhall  be  determined  and  adjudged  forfeited,  i-y  a  United  States  court  before 
which  suit  IS  brought,  an  provided  in  rection  52:19  of  the  Revised  Stnlutes 

a.  Pronding  tliat  after  full  paynieul  shall  have  boon  made  of  all  the  ilotls  of 
an  association,  an  agoni  may  bo  appointed  by  tl*  shareholders  of  the  bank,  for 

viU^"  *''^™?«  amount  of  specie  held  by  the  national  banks  of  the  city  of 
JNew  York  during  the  week  ending  November  27  was  $14,425,000. 


In  such  equity  suit  it  is  no  defence  that  shareholders  not  within  the 
jurisdiction  are  not  joined,    (Ibid,  p,  506,) 

VII,  Suits  to  enforce  personal  liability  of  shareholders  may  properly  be 
brought  before  other  assets  are  exhausted,  (Ibid,  pp,  505-6.  See  also 
"Comptroller."  Ill,  "Debtors,''  I,) 

VIII,  When  a  creditor  attaches  the  property  of  an  insolvent  national  bank 
he  cannot  hold  such  property  against  the  claim  of  a  receiver  appointed  after 
the  attachment  suit  was  commenced.  Such  creditor  must  s^are  pro  rata 
with  all  others.    (National  Bank  of  Selma  vs.  Colby,  21  Wall,,  609,) 

Attorruys. 
Section  56  of  currency  act  is  directory  only,  and  it  cannot  be  objected  by  de- 
fense that  a  suit  is  brought  by  private  attorney  instead  of  the  United  States 
district  attorney.    (Kennedy  vs.  Gibson,  8  Wall.,  p,  504,) 
By-Laws. 
A  national  bank  cannot  by  its  by-laws  create  a  lien  on  the  shares  of  a  stock- 
holdor  who  is  a  debtor  of  the  association,   (Bullard  vs.  National  Bank,  &c., 
18  Wall,,  589,) 
See  also  case  of  Bank  vs.  Lanier,  11  Wall.,  369,  cited  under  "Loans  on  Shares," 
post. 
Checks. 

I,  Holder  of  check  on  a  national  bauk  cannot  sue  the  bank  for  refusing  pay- 
ment in  the  absence  of  proof  that  it  was  accepted  by  the  bank,  (National 
Bank  of  Republic  vs.  Millard.  10  Wall.,  p,  1.52,) 

II,  The  relation  of  banker  and  customer  is  that  of  debtor  and  creditor.  Re- 
ceiving deposits  is  an  important  part  of  the  business  of  banking,  but  the 
moment  they  are  received  they  become  the  moneys  of  the  bank  may  be 
loaned  as  a  part  of  its  general  fund,  and  the  check  of  the  depositor  gives  no 
lien  upon  them,    (Ibid,  per  Davis,  J,,  p,  155  ) 

III,  Perhaps,  on  proof  that  check  had  been  charged  to  the  drawer,  and  that 
the  bank  had  settled  with  him  on  that  basis,  tne  holder  or  payee  could  re- 
cover on  a  count  for  '"'money  had  and  received.^'    (Ibid,  pp.  16.5-6.) 

IV.  The  facta  that  the  bank  was  a  United  States  depository  and  the  check 
was  drawn  by  a  United  States  officer  to  a  United  States  creditor,  do  not 
vary  the  rule.    (Ibid,  pp.  155-6.) 

Comptroller. 

I.  Comptroller  must  decide  whin  and  for  what  amovnt  the  personal  liability 
of  the  shareholders  of  an  insolvent  national  bank  shall  be  enforcoa. 
(Kennedy  vs.  Gibson,  8  Wall,  p.  505.) 

II,  His  decision  as  to  this  is  conclusive.  Shareholders  cannot  controvert  it. 
(Ibid.,  p.  505.) 

m.  In  any  suit  brought  to  enforce  such  personal  liability,  such  decision  of 
the  Comptroller  mnst  be  averred  by  the  plaintiff,  and,  if  put  in  issue,  must 
be  proved,    (Ibid,,  p,  605,) 

V.  Comptroller  appoints  the  receiver,  and  therefore  can  remove  him.  Ibid,, 
p,  505,) 

VI.  Comptroller  cannot  subject  the  United  States  Government  to  the  juris- 
diction of  a  court,  though  he  appears  and  answers  to  the  suit.  (Case  vs. 
Terrill,  llWall.,  p.  199.) 

Currency  Act. 
I.  "The  purpose  of  the  currency  act  was,  in  part,  to  provide  a  currency  for 
the  whole  country,  and  in  part,  to  creatt  a  market  for  the  Government  loaru." 
(Per  Strong,  Justice,  in  Tiffany  vs.  Missouri,  18  Wall.,  p,  413,) 

Debtors  of  National  Bankx. 

I,  Debtors  of  an  insolvent  national  bank,  when  sued  by  the  receiver,  cannot 
object  that  pleadings  do  not  show  a  conipl  lance  with  all  the  steps  prescribed 
by  statutes  as  preliminary  to  the  appomtment  of  such  receiver,  (Cadle, 
Receiver,  Ac.  vs.  Baker  &  Co,,  20  Wall,,  p,  650.) 

II.  Such  ordinary  debtors  may  be  sued  by  receiver  without  previous  order  of 
Comptroller,    (bank  vs.  Kennedy,  17  Wall.,  p.  19.) 

Int^est. 

I.  Under  section  30,  act  of  1864.  a  national  bank  in  any  State  may  take  as  high 
rate  of  interest  as  by  the  lans  of  such  State  a  natural  person  may  stipulate 
for.  although  State  banks  of  issue  are  restricted  to  a  lesser  rate.  (Tiffany 
vs.  National  Bank  of  Missouri,  18  Wall,,  p,  409,) 

[Note,— In  Missouri,  natural  persons  may  take  ten  per  cent,,  but  State 
banks  are  restricted  to  eight  per  cent.  In  this  case  the  national  bank  had 
taken  nine  per  cent.    Held,  legal,] 

II,  Held,  also,  that  as  the  action  was  virtually  brought  to  recover  the  penalty 
for  usury,  the  statute  (section  30)  must  receive  a  strict  construction.  (Ibid., 
p,  409,) 

Judgments. 
I,  .\  judgment  against  a  national  bank  in  the  hands  of  a  receiver  upon  a  claim 
only  OS  ablishes  the  validity  of  such  claim;  the  plaintiff  can  have  no  execu- 
tion ,m  such  jiidgnu'iit,  hut  must  await /jro  »'a<o  distribution,    (Bank  of 
Bethel  vs.  Pahquioque  Bank,  14  Wall,,  p,  383,    Clifford  J,,  p.  403) 
Loans  on  Shares. 
I.  National  banks  arc  governed  by  the  act  of  1864,  which  repealed  the  act  of 
186-3,  and  cannot,  therefore,  make   loans  on  the  security  of  their   own 


December  11,  1875  J 


THE   CHRONICLR 


565 


•kaiM,  ■■!■■  M  ncan  •  iin  ihIhIh  d*bt,  contnctsd  in  good  ttith- 

(BMk  Ac.,  m.  UaiOT,  11  Wafl..  p.  »•) 
II.  Tba  ftnaa*  of  ftaad*  br  one  baalr  im  pvmaMiit  drpotll  with  another 

bukbskuwitklntlietplnt  oTMCtlaaaSof  nccoriwt.    (Ibid.,  p.  S«9.) 
Til.  Loan*  by  lacli  bank*  to  chclr  tliusholdan  do  not  crat«  n  Ueo  on  the 

•kan*  at  nch  borrowers.    ai'M..  p.  a«.     Bee  alao  BoIUnl  n.  Bank,  18 

Wall.  p.  S80,:  and  "Bj-lawi,"  npra.) 

I.  ReeelTer  of  a  national  bank  I*  the  iuMmment  of  the  Comptroller  and  sujr 

be  rtBovol  by  Ub.    iKeaacdyM.  Oibaon.  8  Wall..  p.6US. 
n.  Sock  leceiTcr  i*  the  •talatoc;  aarignee  of  the  a-«ec>  of  the  bank,  and  out 


slttUai 


not 


la 


or  in  the  nune  of  tlie  baak,/br  hi 
the  bank  or  eradilon  partle*. 


■■eta col  cct  the 
■M.    (IbM.,  p.  SOL) 

III.  In  tmch  aoit  U  la 
ilbid.,  PL  sot.) 

IV.  Batalm  el  a  nartoil  bank  naieaeiita  mA  bank  and  ita  credltoni.  bat 
be  lm«aaMWi«n«aatathaCnn«<(mieaaB»«imaeiit,  and  cannot  aubject 
thecDntaacallatheJariaUetloaaf  aaTcaott.  (Onae  M.  Tcrrill,  11  Wall., 
f.  na.) 

T.  OecWaa  oC  a  recelrer  rejecting  a  datm  agataut  hi«  bank  Is  not  Inil. 
f^Maiaat  aai  nUl  n*.  (Baiak  orBethel  •«.  Ahanlaqne  Bank,  U  Wall.,  p. 
a») 
VI.  Tba  daaaa  of  aacUoa  SO,  act  of  UM,  which  praaeribaa  that  the  recelrer 
■ban  i^e  -  WMfar  £IU  rfiraeMaa  of  the  CoaiptroMar."  aiewia  only  that  he  ahall 
be  •abjeei  to  hi*  direetlaa.  not  that  he  ahati  not  act  wUhoot  orderv.  He 
■ar  and  aaat  coUect  the  aaimi.  That  la  whit  he  la  appointed  fur. 
_  (Biadkw  J..  In  Baak  w.  Kennedy,  17  Walt,  pp.  »4.) 

I.  A  aaUooal  bank  whoaa  rertifleatea  of  atoek  tfeUj  that  the  aharen  are 

liaarfwibie  on  the  booka  of  iha  baak  oa  ■aiiwdai  of  the  eertigcale*.  and 

■al  ifliriilai.  and    which  aoBara  a  aharehoUar  la  traaafar  withoat  (ucb 

■anaadar,  la  liahla  to  a  toaa    Ut  Haaaferee  for  Taiae  of  aame  •tork 

wto  MUdauae  each  intHratr  witt  aaaal  power  of  altocneT  to  tranafer:  and 

Ihia  b  ao  thoogh  ao  notice  had  been  giren  to  the  bank  of  the  trannrer. 

tank  m.  Laaiar,  1 1  WalL,  p.  !■>.) 

n.  Sharea.  mmH,  aegoUaMe.    abU.,  p.  SW.) 

AkaM^  Ttesamaaf'. 

I.  Tka  aet  af  tm,  rtgkttjr  uuuaMaid.  wtiiacli)  the  ibarea  of  the  aaaodation  In 

the  haada  of   ifeankoUara  to  taTatliia   by  the  Siatea  nadcr  certain 

la  aactlaa  41,  wlihoM  lagMd  m  the  fact  that  pan  or 

laaodadaslaiitalad  la  aattoaal  atcaritlea, 

by  law  exaapt  fNat  Slata  T*'!!''^'*'     (Vaa  Allen  h. 

,  >  WaU.,  p.  ■«.>     (Ohaee,  Cklef  Jaatlea.  and  other  Jodgca  dl»- 


Ibe  whote  of  the  canltal  of  each 
wkkh  art  daelaradb: 


) 

IL  Act  ibaa  coaatoued  to  eoMtflatloaal.    nbld.,  &  SOI.) 
lU.  A  cartafai  aiataM  of  Now  Tork  which  laud  atarw  af  aatigBalbank 
atotk  difhwd  toM.  hiraaai  ■/tawi  af  tlMabaaka  waia  aa«  takrd.  althooich 
th^r  eudul  waa;  OM  act  of  Onagrni  piaacrfUac  that  tkara*  of  aadooal 
haakalkaUba  land  only  aaatarwef>MabaiAaani    (lbld..p.8n.) 

The  rallMaalolaziagaharaaafMaekraaflnMdIaatadlay  w.  People, 
4Wall..ai3llatfaMlBa^t«. 


•  See  alao  4  Wall..  M4.  and  19  Wall.  «n. 

In  laat  eaaiL  kM  thai  a  ftate  law  reqaMac  the  eaahier  to  pay  the  Uz  waa 
talld.  AM.  alao,  that  a  cenala  Mala  tax-tow  rlnaally  taxed  "*l«r«  of 
■owayid  e  rpotatlnai,"  Ac 
IT.  Shafaaaf  alack  la  aatloaalba>kiaaptnoaalprapeity,  aad.  thoaxh  in 
r  laierpnaaal.  the  tow  which  wliil  Ihiai  malil  aeaaraie  the»  from 
■  -  --  -    -     . ■ -^  -7  own. 

(Ibid,, 


haraa),  aad  ercn  MaM  u  wWah  a  baak  waa  loei 
Maa^fnr  tantloa.  of  aU  the  itoiaa.  whatter  awaad 


(ibM..  p.  m^^ 


of  the  property 
acMkwl  yuUdie- 
laadcata  or  ooiw 


<E>auiiuec(ial  aiib  iili^ccUaiuous  ^(u)0. 


lnruKrs  awn  Bzpoara  ton  thi  Wsbk.— Tba  Importa  tbia 
vaok  abow  an  ineraaae  both  la  dry  good*  and  raoeral  mer. 
ehaadlae.  The  toul  Import*  amount  to  $8,447,190  thia  woak, 
•calaM  tl,Mi,749  laat  weak,  and  $1,718,73')  lUe  prarioaa  weak. 
Tk«  nporu  ara  $3.ia0^1  tbia  wook,  ajraiaat  $3<549,8S9  laat 
waak  and  $-1,519,017  tlia  prarloaa  weak.  Tba  ax  porta  of  oottoa 
the  paat  woak  wore  13,2i;  balaa.  acainal  14,120  balea  laat  weak. 
Tba  lollowiBB are tha  importa  at  New  York  lor  woak  and ing  (for 
dry  Kooda)  Dec  3,  aad  lor  tba  waak  oodlDg  (tor  K'oeral  mar- 
ebaadlael  Dec  8 : 

iooaMB  larowia  *t  aaw  roaa  aoa  Tsa  wasa. 

itn.  i«n.  in4.  im. 

Drygeeda tt,aM«       •l.aHiItT       •l.nt.lO*      |M4«.«I 

•aaaral  ■archaailae...       KMUU         W«.m         4.MI.*U         7.000. «M 


ratal  for  the  week..     lUbt,***       fdlM. 
riwttaaely  reported....     mjJUi.,M*      KMI^( 


it* 
,OJd 


fSt^n.m 
taaLMi.7M 


m.**7.M 

IR.»v;,IN 


Mate  Jao.  I . 


timjmtjm    iim.4w,iu     ia«wii«,s«  taM,4t4,«a* 


la  o«r  report  olthedfT  (oeda  trade  will  be  to  aad  the  Importa  of 
dry  (oodalor  one  week  later. 

Tba  lollowins  la  aaiatament  oi  the  azporta(axel naive  o<  apede) 
lioaitho  port  ol  New  York  to  (oreigD  porta, for  tba  week  endiag 


■near*  paoa  aaw  roaa  roa  raa  wxaa. 

Itn.  im.  1(74  IS7S. 

rorUeweak »4.M4JM      J6.I1MM         f4.lttl.tl4  fS  l«0.801 

rie«toaalyraperted....     llMH.oa     VUmjm       «S4U,0M  ta.7n,' 


«aaoiaa.t |lll.Oa^lH    tStUMliaO     gtia.MI.tM     |MI,Mt.lM. 

TbefollowiBK  will  abow  the  ezporteol  apeele  trom  tba  port  of 
Now  York  tor  tba  weak  endiaf  Dee.  4,  1873.  and  aiaee  tbe 
haKinalag  of  lb«  yaar.  with  a  eompariaon  lor  tbe  eorreaponding 
dM*  la  |H«eloB*  Toare : 

Dact— Sdv.llartbera  HoaM.. Porto  (]ahelle„.AaMr.  gold  cola (90,000 

Dec  S-mr.  Harder Ilambarg MirrrEara M.IM 

Loadoa Silver  bef^ e&iOO 

Part* MiTtrbar* ttoio 

Dec.  4-atr.  CeHIc    Uretpool SIlTarban „  .       14,000 

Mexicaa  doUai* 4&,ga0 

Oaci-Slr.aiyof  Maa«aal..UTarpeol aiirarbafa 31.900 

'    '    .Hermana Jteeihaaploe...lUTar ban...  tVOOO 


m*. 


The  imports  of  specie  at  thia  port  during  the  past  week  have 
been  as  follows  : 

Not.  J9-8lr.  City  of  Merida.  .Vera  Cmx Silver  Min. . 

Not.  a)—'>tr.  Herder Ujimburg Oold  coin  .. 

Not.  19— Str.  Andea Silvercoia.. 

OoldcolT.... 
_       „    .  Gold  bars... 

Her.  to— Sir.  Canlma Ilamlltoo.. Oold  coin... 

Nov.  t»— 8tr.  OitTot.VewYork..\.8piuwaU Gold  coin.  . 

Nov.**— Str.  City  of  UtUas..  .Naasan Silver  coin.. 

Gold  coin... 

Daa.  I— Rarfc  Caracoa  Ouraooa silver  coin.. 

Dae.*— Schr.  U.  Reynolda  ....LaOoayra Silver  coin.. 

Gold  coin. 


Dec  i— Str.  City  of  Vera  Crux  Havana 


$4S7,040 
S,l«3 

4«t 
1,«83 

400 

800 
3,400 
1.8S3 
1,87« 

GOO 
.  SCO 
1,600 


Total  alnea /an.  1, 1815. tW,«l,10« 

aaaeumeia—  i     SaaeUmeIn— 

WM fS,»«.801  I  W«9 $14,958,818 

«J2-    • njl».4«|I«l8 e,708,iS82 

HS 8,«5,tS7    1881 ^068.(M8 

El Sl4«1.vI0  11808 9,5M,708 

10t» 11,491,78*1  . -.  -^ 

.National  TRgvsnnr. — Tue  tollowing  forms  presents  sum- 
amre  oleartaio  weekly  transactions  at  the  National  Treasury. 

I. — Securities  brid  bytlie  (J.  S.  Treasurer  in  trast  tor  National 
Banksaud  balanci. in  theTreasary 


Coin  cer 
,-Bal.  in  Treaanry.-,    tlflcatea 


Qel.t1. 
Oct.  so. 
Her.  8.. 
Nav.  U. 
Rot.  to. 
»e*.ti. 
See  4. 


Notea  in    r-Fradlonal  Currency.—,  Leg.  Ten. 
Olrcalatlon.    Beoelved.  Dlitritinted.  Dlattlb'd 
t.71»,»t8, 

t.8i«.ioe 

a.4ao,«i5 

1,811.180 

SSLOOO          l,Br.^lB 

740,000        > 8.011.148 ' 

t,IOO,000 

3,780,000 


Week  Por         For  U.S. 

aadlaa    Olrcalatlon    OenoalU.       Total.  Coin.      CarrencT.  oatat'd's 

Aag.  18..  174.511. ?6«    18.7U.t00  ae8,atl.M«    70,«3.»S0      8,874,478    17,410,400 

Sept.  4..  i7i.sij,7«i  i8.:m,<oo  stt,to«.9t:     ....... 

8apl.  i;..  rs.«l.;u     18.7t^t00    «l.t74,t«     08,780,818     1.089,615    18.889,400 
Sept.  18..  8a,0:;,;il«    18,7M,tOO    Kll.8«a.S0«    6».»i7,10»      «,0ta,!ll5    1«.7«,400 

SS*?" !^12&^  !S-?J*!2  «.»«.««  ao,»*i.iji    i,m,*a  i<4s<Cooo 

Oct.  1:..  S7l.4SB,oa  18.T»t,M0  a00.tll,481  V. 

25!:-£f""J"  «»■''».*«  I'S.trs.Wl  88.784.881  4,168,010  11.477,100 

Oct.  18..  8i8.86:.ll<  l!i,7^100  kn.8l9.4<8  70,47<,S06  5,718,7(18  11,715,800 

t8S.lls,»l7  18,740,000  aS^KS.til?  80.0:0.406  8,538,371  11,561,300 

8»1.7«s.4ll  18,780,000  S^5i9,4li      . 

at8,«<l.$ll  IB.7«).dO)  aSS,«8,3ll  71,041514  9,181,130  18,089,100 

ll«.13aMll  18.711.900  SM,S».3:l  7:.4«l.in  9.8U.388  17,418,400 

S84.190  9I1  l8,«7a,SllO  88;,1I7,IU  7l,t71,U4S  t.s;0.4;8  11,078.800 

aa5  8«,«il  i9.«71,900  884,508,411  TA3«,160  10,713,488  19,718,600 

ltft,ai,4ll  18,873,600  MI.S08.9I1       ...7.  .. 

$. — National  bank  currency  in  circulation  ;  fractional  cnrrency 
laeaiTed  frdm  the  ('urrency  Bureau  by  U.  8.  Treasurer,  and  dia 
tllbatad  weekly  ;  alao  tbe  amount  of  le{(al  tenders  distributed: 
Weak 
Mdlna 

Aag.a 818.718,018 

fapl.4 M8.0I1.188 

■apt.ll 847,180.000 

■«*t.M 847,578.481 

■M.V 8I7.710,«8 

OtLl SM,tM.I93 

WMaV-eae     ■  •  aa  ea  aa  >  •  ea  ■  aa  BM^TWsflH 

0(1.11 t48,8ia.r8 

Oat  ti M4.4S8,1M  

0CL8» t4t.M«,tl8  

Wot.  8 818^110.108  

He*.U 84\«Ot.l78  

■■V.W (48.UB.m8  

Wm.n aM.iia.84i       

Bm.  4  , iia.i8i.tn 

Wllmlartoa  k  Weotem.— In  the  United  States  C:ircult  Cotirt, 
at  WllmloKtoa,  Del.,  on  suit  of  William  Calbonn,  of  New  Tork,  a 
bondholder  of  the  Wilmington  k  Western  Kallroad  Company, 
prayinfr  for  a  loreeloaure  of  mortgage  and  aale  of  road.  Judge 
Bradford  baa  appoiatad  William  M.  Canby  Keeeiver,  who  gare 
bonds  aad  took  pnaasaalon  of  tbe  road. 

— Mr.  Teismoakl  Tomlu.tbe  Japanese  Consul  In  this  city,  glvea 
tbe  tollowing  atallatica  of  trade  between  Japan  and  the  United 
Staes  :  Importa  Into  the  United  Sta'm  from  Jnpan,  for  Qacai  year 
OMllog  June  80,  In7S,  were  $7,778,303,  of  which  $138,305  were 
dutiable  and  $7,933,737  free  of  datlea.  Exports  from  United 
States  to  Japan  for  aame  period  were  $1,001,933. 

— Attention  is  diree'ed  to  the  notice  giren  in  our  adrertisiog 
coluiuna  by  tbe  commiitre  of  C ,  C.  k  I.  C.  bondholdera  nodei 
tbe  new  sgreemeot  of  Norember  5.  All  Ijondboldera  who  wish 
10  arail  tboanaelvea  of  the  present  agreement  should  depoait  their 
bonds  with  tba  Uaion  Trust  Company,  and  pay  the  asseaament  of 
flye  dollars  par  bood. 

— Meaara.  D.  Appletoa  k  Co.  hare  Juat  issued  "Currency  and 
Banking,"  by  Pruf.  Bonamy  Price,  of  Oxford  Unlrerslty,  Eng- 
land, which  we  expect  to  notice  luoru  at  length  next  week. 


IIHIINB  HID  FIXANCUL. 


AD  BONDS.- 


-jr  yo«  wiata  to  BHT  or  HBLf,,  write  to 
BAMUCa  A  CO..  No,  ',  Wall  atnet.  N.  T. 


TKZAB  tTATK  BONDS. 
Booatoa  aad  TexaaOeatral  BR.  nrstMo 
U.  a.k  a.  Plr*t  Mortgage  7  par  eeat  Oold  1 
Tesaa  Lmda  and  LaodlKrIp,  for  aale  by 

WILLIAM  BRADT,  IS  WUltoa  St.,  N.  T. 


.   7  per  cent  Gold  Bonds, 
nda, 


STOCKS 
Daa't  In  at  the  New  Tork  Stock  Kxcbanga  boogbt  and  soil  by  as  on  marglB  of 
■vepercenL 

PRTVILXOKS 
MagpUaled  at  one  to  two  per  cent  from  market  on  membera  of  the  New  Tork 
Btrhaaae  er  raapoaalble  partlac    Lam  anms  bare  beea.reallxed  the  p2si  1 
iaya.    ratarcaUeoaUaalOtaharea 

tlOtK 
•traddlea  $150  each,  control  100  aharea  of  stoeli  for  80  diyn  witbost  fnrthar 
riak,  while  n«ny  tboaaand  dullara  prolt  miT  be  gained.    Advice aod  lafonaa- 
lloa  ramiahed.    Pamphlet,  containing  valaable  lUtiatlcal  Information  and 
»>oaln8  how  WaU  alreet  opcratloaa  are  eondocted  aent 

PRKB 
Itoaay  addraos.    Ordsn  soUoltsd  by  mail  or  wire  and  promptly  azecntad 

an    Addraaa,  

TUMBBIDOI  *  00,  Bankers  aad  Brokor. 

BatWaBsMM  K,T 


566 


THE   CHRONICLH 


[December  II,  1875. 


No  National  Banks  organized  during  the  past  week. 

DIVIDBNUM. 

The  foUowloe  Dlvldonds  have  rocentlr  been  anaoanced : 


COXPAXT. 


PiB      Wheb  I  Books  Ci.08BD. 
CiHT.   P'ABLiJ(Dara  inclusive.) 


Railroad*. 

New  York  Central  &  Hudson  River  (quar.) 

New  York  &  Harlem  . .   

Svracuse  BluKliuraton  &  New  York 

Union  Pacific  (iiuar.) 

intscellaneous. 
Weatem  Union  Telegraph  (qnar.) 


Jan.  ISjDec.  16  to  Jan.  19 
Jan.  a  Dec.  19  to  Jan.  3 
Dec.  13  Doc.  7  to  Dec.  9 
Jan.     llDuc.  Qllo  Jan.  i 


Jan 


.   15/ 


Dec.  31  tn  Jan.  Iti 


FRIDAY,  DECEMBER  10,  1875-6  P.  M. 
The     Itlouer    Market    and     Financial     Sltnatlon. The 

meeting  of  Congress,  I'resideut's  Message,  and  reports  of  the 
Secretary  of  the  Treasury  and  Comptroller  of  the  Currency,  liave 
heen  the  absorhing  topics  of  the  week.  The  immediate  effect 
.  upon  our  markets  has  not  been  large,  but  it  seems  to  be  generally 
conceded  that  the  documents  are,  upon  the  whole,  satisfactory — 
the  more  satisfactory,  perhaps,  that  they  do  not  propose  any 
radical  change  of  policy.  They  are  chiefly  limited  in  their  sug- 
gestions to  practical  details  for  carrying  out  the  financial  i>lnns 
heretofore  adopted,  but  only  partially  provided  for  in  the  laws 
now  in  existence.  Even  those  who  favor  very  decidedly  the 
policy  of  a  gradual  return  to  specie  payments  are  generally 
opposed  to  anything  like  spasmodic  or  radical  movements  to 
nccomplish  that  desirable  end;  and  the  conservative  tone  of 
Secretary  Bristow  on  the  important  questions  of  retiring  lci,';il 
tenders,  accumulating  specie,  selling  new  bonds,  or  increasing 
taxation,  will  do  much  to  assure  business  men  that  they  need  hot 
be  apprehensive  that  sudden  or  violent  measures  will  be  adopted 
under  his  administration. 

The  local  money  market  has  worked  easily,  at  4@5  per  cent,  on 
call  loans  to  stock  brokers,  and  3@4  per  cent,  to  Government 
bond  dealers ;  on  prime  mercantile  paper  the  rates  are  6@7  per 
cent.,  with  very  little  offering.  Our  attention  has  been  calledto 
an  inaccuracy  in  our  language  last  week  in  saying  that  the  city 
Chamberlain  called  in  loans,  as  the  city  funds  are  not  loaned  on 
fall  by  the  Chamberlain  or  Comptroller.  The  statement  should 
have  read  that,  the  Comptroller  having  shifted  money  on  deposit 
from  one  bank  to  another,  the  operation  led  to  the  calling  in  of 
some  money  by  the  banks. 

The  Bank  of  England  report,  on  Thursday,  showed  a  decline  of 
£283,000  in  bullion  for  the  week,  but  no  change  in  the  discount 
rate,  which  remains  at  3  per  cent.  The  Bank  of  France  gained 
23,225,000  francs. 

The  last  weekly  statement  of  the  New  York  City  Clearing 
House  Banks,  issued  Dec.  4,  showed  a  decrease  of  $1,177,425,  in 
the  excess  above  their  25  per  cent,  legal  reserve,  the  whole  of 
such  excess  being  $8,171,875,  against  $9,349,300  the  previous 
week. 

The  following  table  shows  the  changes  from  the  previous  week 
and  a  comparison  with  1874  and  1873: 


-1875.- 


1874. 
Dec.  .5 


1873. 
Dec  6. 


Nov.  27.        Dec.  4.         Differences 
Loans  anadls.  |S71,910,80u  4371,006.500  Dec.     »903,:00  $-286,Oti3,000  $252,373,500 

Specie 18,2i)3,500      l,i.',57,500Dcc.    1,105,000      14,487,200      2I.168,()00 

Oirculation....  18.512,100  18,750,ii00  Inc.  2;H,500  25,012,600  27,18ii,100 
Netdeposits..  215,803,400  210,U!i3,.300  Dec.  5,145,100  S19,632,:00  18i,015,300 
La^altendcrB.  47,038,900  45.()j0.20C  Dec  l,3i8,70u  50,221,700  38,214,000 
0nlted  States  Bond»,_There  has  been  only  a  limited 
business  in  Government  bonds,  though  prices  are  svell  maintained. 
The  Washington  reports  have  all  been  favorable  for  U.  S. 
securities,  and  have  unquestionably  assisted  to  strengthen  prices. 
The  Savings  banks  will  probably  be  out  of  the  market  as 
purchasers  now,  until  after  the  middle  of  January.  The 
recoilimendationa  of  the  Secretary  of  the  Treasury  for  longer 
bonds  to  carry  on  the  next  funding  operations  are  well  received. 
Closing  prices  daily  have  been  as  follows: 

Dec.    Dec.    Dec.    Doc.     Dec.    Dec. 
Int.  period.       4.         6.  7.         8.         9.        10. 

6a,  1881 reg..  Jan.  &  July. 'ligx  *119       119V  *119>i  *n9X    119X 

«8.1881 coup. .  Jan. &  Jnly.*123>tf  ♦:23X  *123>i    1233<    124     *\m'/, 

69,  5-20'8,  Called  b...reg. .May  &Nov.    115     »114K  *114ji  *114X  *n5     *l!4'i 
aa,5-80'8,  called  b.coup..May  &  Nov.  *114J{  'IMJi  •IM'J    114^  *115     *115 

68,  5-20'B,  18b5 reK..May  ANov.  *lib)i  *115X  *115>4  •115>i      ....  ♦115« 

88, 5-20's,  1865 coap..May  &  Nov.    113X 'llSli  *115Ji    115Ji    116     'USV 

69,  5-20'6, 1865,  n.  i.,  reg..Jan.  &  July.  •UfiJi'llbX  'lleji  'llBJi  *116K  *116« 
68,5-20's,1865n.i.,coup..Jan.  &  July.    120       120)^    120Ji    120,'i  *120Ji 'laoji 

es.S-Wrs,  1887 reK..Jan.  &  July.  •I185i 'USK    118%  •llgjg    119       11!, 

88,S-aa's,1867....coup..Jan.&  July.*122V    122>i    122»s    I2i}i    122?^ '^iiu 

■    e9,5-20'8, 186S re?:.. Jan.  &  July. 'IISX  •113X  *118Ji  »118Ji  *m%  *iM 

69,5-20'8, 1868 coup..Jan.  <t  Jn]y.*122X    122>i  •122,>i  *!22X  *122)i  *lii>^ 

58,1040'8 reg.. Mar.  &  Sept.  ♦116M'111>i  •H'.'i    117>^*in%    117x 

5s,10-40'a coup.. Mar.  &  Sept.  ♦117,'^  *117>.'*n7»i  *nin  'inji  'inji 

68,  funded.  1881 reg.  ..Quarterly.    116%  *116Ji    117       117       117X    nr 

6s, funded, 1881,  ..coop.. ..Quarterly.   117« '117     •lir)i*117ii    117%    inj^ 
BaCnirency reg..  Jan.  &  July.  *121     *1.21X    122J< 'm     n22     'VU 

*  This  is  the  price  bid  ;  no  sale  was  made  at  the  Board, 
The  range  in  prices  since  January  1,  and  the  amount  of  each 
class  of  bonds  outstanding  December  1,  1875,  were  as  follows: 

.— Kange  since  Jan.  1 ,   r— Amount  Dec.  1.—-, 

Lowesi.  Highest.     Rejglstered.     Coupon. 


6«,1881 reg. .118     Jan, 

6s,1881 coup..  118M  Jan.     8 

68,5-S0'8, 1364 coup. .114%  Nov.  U 

6a,  5-»0's,  1815 coup..  115X  Nov.  11 

6s,  6-20's,  1866,  new,coup..ll7%  Jan.     8 

6s,5-20'9,  1867 coup. .118%  Jan.    ' 

ta,6-20'8,1868 coup. .118     Jan. 

6B,10-40'B reg..ll.3>(fMch. 

6e,10-40'a coup..ll3X  Hch. 

St^fonded,  1881.... coup. .113^  Jan. 
(•.Currency reg.. 117%  Jan. 


122%  May  26  $193,377,650  $ 

1  nx  J  uue'  1 7            89,.3,58,7b6 

121      Apr.  27  80,604,050  26,287,050 

122%  June  18  33,891,850  118,«l;,4(0 

124%  June  17  59,.383,500  143.339,600 

lJo>iJuiie25  89,096,800  221,5J5,950 

9il25)i  Juae  18  14,U30,uC0  22,843,500 

M18XJ«iiel8  141,642,300  ..... 

4  119%  Aug.  2^  ......  52,924,000 

2  119     June  28  216,102,050  249,456,400 

4  125%  Nov.  23  84.628.612           


Nov. 
26. 

Deo. 
3 

Dec. 

10. 

, Since  Jan.  1,  1875.  — , 

Lowest.          Hlgheit: 

U.S.8s,S-20'B,I8a6,oM.. 

0.8.6s,  5-20's,  1887 

0.8.59, 10-40'B  

10,<i%      i03>i 
lOiliC     109.'; 
105%      lOriV 

:os% 

lOA 
1W% 

103%  Nov.   8    108%  Apr.    9 
106%  June  18,  109%  May     5 
102%  Feb.  13l  107     Aug.  13 
lUi     .^pr.  13,  105%  Au^.  16 

Hew«8 

104 

JMr-. 

State  and  Railroad  Bi>nd».— There  have  been  few  transac- 
tions in  State  bonds.  Tonnessees  are  lower,  in  the  absence  of 
any  favorable  prospects  for  interest  payment.  It  is  said,  also, 
that  some  of  the  railroads  have  bought  up  coupons  with  which 
to  pay  their  taxes,  and  that  little  cash  will  be  received  from 
them.  The  Louisiana  January  iutere.st  on  consols  is  noticed  for 
parment  in  New  Orleans  and  New  York. 

Railroad  bonds  have  met  willi  a  fair  busiuesa,  and  prices  in 
nearly  all  cases  are  stronger.  The  January  interest  of  3  to  4  per 
cent  will  now  bo  due  in  a  few  weeks  on  many  bonds,  and  the  bet- 
ter earnings  of  nearly  all  the  roads,  together  with  the  firm  prices 
ol  stocks,  and  the  prospect  of  tiie  usual  investment  demand 
after  the  1  St  of  January,  have  all  contributed  to  make  holders 
firtner  in  their  views.  The  Pacifies  and  Northwest  and  St.  Paul 
securities  have  been  among  the  most  favored  issues. 

The  following  securities,  seldom  quoted  at  the  Board,  were 
sold  at  auction  this  week; 

Prices. 
$(WC  59  Chesapeake  &  Ohio  RR.  Co.  registered  income  7  per  cent,  bond, 

and  receipt,  of  the  New  York  Guar,  and  ludem.  Co.  for  Coupons  8,  9, 

10  and  11  from  6  per  cent,  first  mort.  bonds 11 

810,000  Burlington  Cedar  Rapids  &  Minn. first  mnrt.  conv.  7  per  cent. 

gold  bonds 32% 

$i;050  Burlington  Cedar  Rapids  &  Minn.  cert,  of  gold  coupon  scrip,  due 

March  1,  1877 SO 

SlOiOOO  Toledo  Wabash  &  Western  (ionsol.  mort.  sinking  fund  conver. 

bonds  2j 

810,000  South  Side  RR.  of  Long  Island  Ist  mort.  sink,  fund  bonds 50 

S5,000  Syracuse  I'.inghamtoii  &  N.  Y.  first  mort.  boiida 98 

;&l2,o(*0  Grand  Tower  Mining,  Manufacturing  &,  Transportation  Co.  1st 

_  laort  bondi".,  pi;r  bond 818 

^|I,90D  Grand  Tower,  Mining  Manufacturing  &  Transportation  Co.  2d 

mort.  bonds,  per  bond $11 

115  shares  Mount  Carbon  Coal  &  Railroad  Co $15 

20sliare8  O-xford  IronCj 105 

200sbares  (iuymard  Lead  Co $1 

1  share  Oliuton  Hall  Association,  8100 55 

126  shares  N.  Y.  (JasligUt  Co.,  $1 IX)  each 147@152% 

100  shares  Manufacturers'  &  Merchants'  Bank. 60 

17  shares  Si-xth  Avenue  RK.  Co ieinnn 

$1,700  Si.tlh  Avenue  RR.Uo.  scrip j-si,uuu 

t 250,000  New  York  Huujatonic  &  No.-thern  RR,  bonds,  for  lot 81.600 
11,500  Allantic  &  Pacific  RR.  Co.  6  per  cent  gold  bonds 10% 

Daily  closing  prices  of  a  few  leading  bonds,  and  the  range 
since  January  1,  have  been  as  follows: 

Dec.    Dec,    Dec.   Dec.   Dec.  Dec. 
S.  9.  10. 

43S    'ii\    'ISa 
16        '16         10 


4 

•43X 
■16 


•sTenn.,  news... 

«»N.Car.,old.... 

l8N.Car.,oew... 

«8  Vlrg.,  congolld   *'i 
do        2a  series.  "43% 

«8S.C.,  J.&  J...     •»'. 

68  Mo.  long  bonds    103K 

N.Y.C.&U.lsna      .... 

C.Pac.,gold68...  *1C6% 

On  Pac.,l8t  68...    w, 
do     L'dGr'l-B'lOiJ, 
do        B.F.  8a..    'SIX 

BrlelBt  M.79 -102 

N.  J.Cen.lBt  7a..    114X 'lioi 

ft  Wayne  let  78.    "115     '115 

RocKlsldlsna...    liox 'imx 

C.  ft  N.W.gold-8      HH      84M 


6. 

•n% 

•16 

•3 
•H 
■43« 
•:kX 

102% 

r;o 

I06X 
101 X 


'33 


•:5H 

•43)i 


HK% 


94)4 
■103V 


lit 

IWX 

100 
94  u 
'1033 
'115 


106M 

100 
■M 

115H 


■75X 

•45 

•31 K 

lOi 
•121 

106X 

WIX 

101 
»4H 
•103X 
•114 


'45K 
•34  K 
102  i< 
'121 


Since  Jan  1    ■     ^ 

Lowest.  Highest. 
44  Jan.  27  5r,%  Jan.  S 
16  Dec.  10  29  Jan.  lu 
11  June  12  16  Jan.  7 
55%  Jan.  26  69H  Oct.  28 
36  Mch.  21  51)  Oct.  ■: 
29K  Sept,  28  So  J«n.  27 
94>i  Jan.  14  iO;l%JuneV3 
inX  Jan.  18  la  Sept.  10 
921a  Jan.  6  lUTH  S.^pt. 30 
90  Jan.  6  lon^  June  3U 
90  Jan.  t  102!^  Sept.  so 
ma  Jan.  5  9;x  Aug.  25 
100  May  29  101),  May  6 
107>«  Feb.  M15>i  Deo.  S 
105%  Jan.  7,116  Nov.  8 
105  Jan.  5llllJ<  June  5 
79     June  IS    S9\  Nov.2i 


CIoAlBg  prloefl  of  secvuities  in  Loudou  have  been  na  follows: 


loiK 

101 

'»1K 

m'A 

tl5« 

;15     "IHM  '114%  "US 
UOX     liO>4  •llOH    IICX 
64X      65X      85H      S5X 

Railroad  and  ITUticellaneouB  Stocks. — The  stock  market, 
without  a  very  large  business,  has  shown  considerable  fluctuation 
in  prices  from  day  to  day,  and  closes  with  a  pretty  firm  tone. 
The  rumors  of  last  week  directed  against  Michigan  Central  have 
not  been  confirmed,  and  were  probably  circulated  for  effect. 
Some  strength  has  been  added  to  the  market  by  the  declaration 
of  January  dividends  on  several  of  the  prominent  specialties, 
including  3  per  cent,  quarterly  on  N.  Y.  Central  &  Hudson, 
Western  Union  Telegraph, and  Union  Pacific.  Railroad  earnings 
for  November  show  a  more  general  increase  than  in  any  previous 
month  for  a  long  time  past.  The  earnings  of  St.  Paul  road  for 
the  first  week  in  December  are  just  reported  at  f  15)5,100,  against 
$171,300  in  1874. 

The  Chicago  &  Northwestern  Railroad  Company  have  issued  a 
circular  stating  that  "  the  officers  are  advised  of  the  existence  of 
a  conspiracy  for  the  dissemination  of  false  and  libelous  reports  " 
about  the  Company,  by  means  of  special  despatches  and  by  articles 
purporting  to  lie  the  result  of  investigations  by  an  accountant, 
and  saying  that  the  parties  will  be  called  to  account.  In  view  of 
the  recent  reports  against  Michigan  Central  the  subject  would 
seem  to  demand  some  investigation. 

In  the  N.  Y.  Supreme  Court,  to-day.  Judge  Doiiohue  gave  a 
decision  continuing  the  injunction  against  the  Panama  Railroad 
Company,  prohibiiiug  them   from   establishing  a  steamship  line. 

As  to  the  class  of  stock  operations  known  as  "puts,"  "calls" 
and  "straddles  '  the  following  report  in  to-day's  Pos<  has  some 
interest  : 

The  suit  of  Yerkes,  Jr.,  et  al.  against  Solomon  was  tried  before  Judge  Law- 
rence, in  the  Supreme  Court,  to-day.  Plaintiffs  bought  three  "  straddles  " 
from  defendant.  In  Lake  Shore  and  Pacific  Mail  stock,  at  eixtydays;  before 
silly  days  defendant  failed,  and  piaiutifi's  sued  for  the  loss,  and  the  defence 
was  tluit  t^.e  caae  came  under  the  gambling  act,  because  it  was  not  a  dona  tide 
sale,  but  a  sale  of  property  the  party  to  it  did  not  possess.  The  Court  ruled 
otherwise,  holainj;  that  the  case  was  covered  by  tlie  act  of  185j,  relating  to  the 
sale  of  stocks,  and  dirccteii  a  verdict  for  plaintiff  in  $5,676,  but  gav.:  sixty 
days'  stay  to  allow  tliecaae  to  go  to  the  General  Term. 

Total  transactions  of  the  week  ia  leading  stocks  were  as  fol- 
lows : 

West'n  Chic.  &  Ohio  &  Pacific  Union 

Union.  N'west.  Erie.  Miss,  of  Mo.  Pac 
10,900 
11,500 
12,900 
17,500 
16,110 
3,700 


Dec 


Facifle 

Mail. 

4....;...  22.W0 

6 32,200 

7 S7,.300 

8 21.200 

9     12,700 

10 15.900 


Lake 
Shore. 
69,500 
4S,900 
55,600 
103.500 
«5,«'  0 
8o,»e0 


4,500 
3.400 
2,400 
5,700 
7,900 
2,700 


4,400 

1,100 
8,100 
10,400 
16,200 
5,500 


1,300 

660 

900 

1,400 

1,500 

500 


2,500 
200 
600 
500 


6,500 
2,500 
8,700 

1,700 
1.40J 
1,600 


Total..  ., 
Wliol«  Stock, 


..131,900    308,900      72,600    26,600    40,700      6,200 
..WO.OOO    194,665   337,896  149,930  TSO.COO  200,000 


8,800    17,300 
67,8-24  3ti7  469 


December  11,  lb75.] 


THE  CHRONICLE 


567 


A  oompanaon  with  the  lut  Hoe  in  Che  preceding  t&ble  ahowH 
•t  •  gUnce  what  proportion  at  the  whole  stock  has  been  tarred 
•rer  in  tlie  wurk. 

The  daily  hi^eet  and  lowest  prices  have  be:>a  •■  follow*: 


CMii.  Mi  M     Sx  iiH    •>«  •ii!    «s  <'V 


i"* 


a.r.cea^BA 

ll*rl<B 
Crlt... 
t.*k>Bker« 

WtbM*. 

Nottk****.....   ax 

do      pTst.   3SH  SIX 
itoektalaBii...  lie    lu 

•(.  rul KM    M 

do      pri....    tSH  US 

tvitcvfUo 

oMo  *  MMi...    :i     Ilk 

CeairtJo:  S.J  US  xHi 
0«I..L.a  W««i  !»  — 
au.*»t.Ja«     ~ 

RLCiite^l  < 
ua>« 

WcM,  171.  Te) 
At.  •  tte.  T»l. 


TaM<UT-  Wr4a«t(U) 
Dm.  1. 
U»«  in 

^  ...  UiH 


3        SW        411     1 

m    IMH  'toiX  in.' 


,  TharmtTf    'fWw. 
!)«.».         I>«.  ig. 

m>x  ^Bx  ii»,  loi 

IWK  1J5H  'SIOH    .... 

i<M  i;      n%  li 

MX    (^U      tD.ii    US 

3»)<  ax    - 


Aaeftotaks.. 
PaMadaiMiii.. 
wtncrirge.. 


-»^.g5 


•  ■»»  w^- 

M       M 


•Sk  *< 


•Tkl(UU«erteeMaw«Mtali  ■ef«ww«d»«»»e«o«i<. 

The  entire  range  from  Jan.  1,  IHTl,  to  lliia  date,  wae  as  follows. 

^— ^aa.  1, 187V lA 'ax >'• Wbolcyear  IS74. , 

laowTtt.  Ilirbat.     I     LowMt.  Hi(he>l. 

JI.T.CaB.AUB<.B...IM     Mmj  mitnsUtj     ll  ti;.  Miy  It  lOSK  Mcb.  II 
Birl«ai ...mv  Jan.  It  l«     A^r-  tI.lU\  J>n.    :  ISis  »tp.  i 


Dec. 


Custom    , 
Uoote 

Recelpta. 

4 SISI.OOO 

6 4M,0OS 

7 811,000 

8 311.000 

9 at'.noo 

10 *3i.000 


-ReoeipU.- 


-8ab-Tre»«ory.- 


Oold. 

tSSl.«5  91 

1,M3.793  -a 

3S7,lt33  a 

tm,»n  a 

StO.tn  10 

*».ao8&« 


Caiioncjr. 

684,713  83 

1M8.39I  S7 

SU8.*S5  16 

J,*)I,4SI  4:j 

«,t79,il»  »9 


-Pajrment*.- 


Qold.  Correnrr. 

$«I,S!W  58  tl.H3,3««  7« 


»il7,Sll  61 
St9,««l  M 
eil.i  Oil  15 
3»7,i50  38 
42^329  89 


H38.71S79 
&jO,T19  04 
1.53UU  n 
73«.081  37 
615,M3MI 


Total. <I,T87.000      S,ll'',3C4  .^9     5.40i.0»O  CI     3,303.476  14     9.SI4,6M  43 

Balance.  Dec.  S 4i.4IIM44  U  4I.8I7,«8J  «j 

Balance  Dm.  10 4i,«80.97i  71  41.874.674  44 

NewVork  Clir  BanKe.— The  (ollowlng  atatement  shows 
the  eoudition  of  the  Associated  Banks  of  New  York  City  for  the 
endioK  at  the  commeDcement  of  business  on  Dec.  4, 1875: 


-ATBSAaa  laomtT  or- 


Bins. 

Ne«  rork , 

HmaliatUDt^o.. 
Marctaaau' 


Loanaand 
Capital,  otacoaata.   Bpecla. 


PkaaU.. 
Clly. 


Poltoo 

Cbamtcal  

Harehasu'  Rxch'ga. 
OaltaUn,  NailanaT.. 
Baldwra'A  Ororera ' 
MaehaateaATradara 


...    if  IWMflfff 

...    ijmjMO 

...      l.ftlff.flW 
1  J00.000 

:."  ijSSoJSS 


Maanf. 

sUleblN.Tafk.'. '. 
Cufe'ie, 


ijmjttt 
ijsoojm 


- .  it.i 

IMiJOt 
*,MI.'.«0 

t,Mw40D 


Iria i Itk  Jsr 

LakaSkw* m5  !ir^ 

Mlck%aa  C«Btnl SI     »r;, 

Wakaak «X  !>»« 

KarUwaal n\  CK 

do        praf ««    Of 

Rocklataad MOKMiv 

Bi.  Paol  »X  Ju: 

do       prtt ..    U     M' 

AUaaUc  A  Pacilcpntf.  U(  Dc.  . 
raaUcar  MiaMBrL....  7M  Oct.  S< 
OM**Hm5C|>I....  IIKBepLM 
Oa«im«f  IfewjMMT.  S^V""  ' 
Dai.  LdBk.  A  Waatam.ior 


«..i.  v....    •• 


Dec.  10,  Hit  Jan.  I 
nx  Jaae  1*1  MK  Jaa.  14 


ri'v  J  v.. 


MW  Jan. 


W     Apr. 

tntJao. 


BaAal^Aat.Je.. 


Uaioa  faaitc.. 

OaL,CMcAI.C.  ... 

raasaa 

Waelara  CaloaTal... 
AltaMle  A  Panic  Td. 


r 

* 


•«[fe:n 


H 


fraf. 


■kKaea 
ttakxen 


nattad  Stataa  ■nrass. 

ir«iia.rarr>Ac%..... 


Jaw  Ml    »H<'ai>. 

imLB'm   Apr. 

MHAar 
rrji  OcL    I  «»v  Jaf 

13  May  I<  T)  Jan.  • 
It  Jnij  U  44  Jan.  1 
UK  Pab.  iti  46N  Aft.  * 
W  Jaa.  (IOlMMeb.ai 
SB  Jaaa*.  •»  Jaa  U 
4IM  As*.  It  W  Jaa.  11 
71     Ab(.  «I  mm  Apr.  10 


,  Jaa.  Ill 
.  Pab.  * 
..,  -  ....  .  _  Pab.  It 
««( Jaa.  .  4e  Nuv. 
tIK  Jaaan  M  Jan.  10 
••  i«aa.  a  lOSW  Pab.  10 
o(  Jan.  t  i:ivp«t>.  10 
ajiST'pL  7  34  «  Jan.  IS 
a  Jana  17  «  X  Mch.  10 
«  8«pc  I  MHlleh.Sj 
Apr.  K  111  Jan.  9 
M  Apr.  M  83^  1>k  ir 
14  Aq(.  K  ta  Not.  7 
UX  Apr.  IB,  SSii  Not.  a< 
a  JaaaWtf  Not.  r 
MKDas.  tl  SlKSapkW 
MM  Jaa.  U'lM  Nov.  11 
MM  Jaa.  l|  (S14  Dae.  I 
M  SapC  ai  71  Pab.  « 
mst  Jaa.    M  B4 


Min 

1; 


Not.  10 


Tk«  «*M  ■•?*••.— OoM  hM  bara  prettr  steady  tl>roa|cli<iul, 
and  since  the  pabllcsAiiMi  of  Um  PrasMMrt^  msMBge.  with  ita 
nmsanraUve  toas  on  Cabas  aSalr-  tl...r«  has  bean  no  "point" 
foroiiWBllBns.  HaUaonijoldloai.  illa  hlfltar  jreaterdar, 

and  t  per  cent,  per  aanoa.  na<l  '  t  perdar.  was  paid  by 

Imrrowen  ;  wever,  loans  ar«  eaity,  and  the  tenna  n  .Tf 

ttat.  and  I,  .'  '.i\   inrt  cent,  (or  carrying.     Thn   ^i-n.-ral 

of  i/>hlnct«n  doeomenta  la  to  make  a   lowrr 

,  b  :  iOianMa  eflect  on  the  market  Is  small. 

I  rcv<M^.~  -.i  ill-  w<>ek  hare  bum  f  1,787.000 
Tha  foilowlaf  taUa  will  show  tba  eoatae  of  goM  and  epera- 
Uone  of  tka  OaU  ■Mhaaffe  Baak  aaak  da/  ot  tka  past  waek 

O^-  Loar-  III«k-Cloa- 


Satardap,  Dm.  4. . 

llMdar:        -  a.. 

TsasAar,  7 

WaAaa*4ay.  ••  8  . 

Tharadaj,     '  (  . 

maaT.       "  to  . 

Oanesiwaak 

Piartoae  weak 

Jan.l.lBD.  todau. 

The  following  are  °. 
igold: 


Tatal    ^-Ha: 

taas.      Oeld     ' 
MM  •iJ0AA74  •i.M.Vii 
.  «.aM    i,ai,m   lms^k; 

anTB^MB       aSAM       M»,lin-> 

iMtMBS  i,a0,M»  i.ni,ir;o 
n47<.on  i.iai7»  i.«3j7j 
tl,70I.MB    uoo^ti    i^rjtit 


II4M  IKH    aiSUBM 
IKW  tl*MM.BM 


• • 

1,108,000    i.ai^iiT* 


Hta-TM 

3S9,*0 

7iB.'«a 
«M,<oe 
i«3,a» 

4(B.iau 

7.-JJU1 
s..-<a 

7<J0U 

ai.wo 

«,TJO 

ui.;«o 
ra,M 


Laaal  Net 

Taadara.  Depoalta. 

nn.aw    tr^M.eiu 


KlJOt 


1, 


M.TOO 

*i,ao 

(llJtW 

*>,iUP 

«0 

ISSJN 


uio.xo 
i.aj.Ltu 

4ai.4W 

\^a.t>l) 

a  .■<» 

i.on.ina 

itiSV 

r.fAM 
t:V>0» 
ilMW 
147,100 
l(U.«ll) 
S17MI 

ias.100 
•nMo 

sjgi):.uao 
7U.«ao 
tnjw 


*l.«0 


IXLCN 

1.0I.7M 
4Ji1J»l 

xM.m 

•lt,M 

a>,«o 

i,i>M.7C« 

m.wt 

•7i»,«o» 
i.'.i7.aD» 

s.aai.UB 
4.'.2'<,IU0 
S.»"JC» 

i,a>.i<« 

l.vli.M 
l,N<J*0 

i.i»«vr- 


iSss 

ISA! 
IMAIS 
■S.li)* 
•*,4M 

turn 

•klW 

It, -a 


ii.la 

a.m 
•N.'oa 

J  7.».D 

ll.-OS 

S'l.IW 

IJ«S 

in'iss 
4.IM 


(Mac 

•MJM 

«nAn 

ITUOO 


IliAS 

on.M) 

sj>ja« 

•l7" 


S.}r4  400 

t.'^ijno 

v.<s«,iuo 
7.7;i.aoo 

WIOJlO 
iflilfM 
1.7J1.S00 

i,in.uuo 

l.9da,MI 

3.V7<.I00 
l,i43ias 

i.a)i,we 

LTIlAie 

m,iiN 

1.4^900 

7,ioi,no 
M  s.iio 

S.iX«,'.W 

M  9.nn 
i.7s«.;ai 

>,S74,«00 

mm 

USXM 
tNSJBS 
7.7U.M 
I.7MAI0 
IJ««A.O 
MKIM 


ISVlM     iahaw 
4IUM       l.n(.MB 

l>7JSV 
'al£ 

iSSiS} 


flBSjgO 

»t4A>* 

I.^X.^ 

07.IIS 

i.iitai 

S  .DO 
IWAS 
*7»,W0 

ni.wg 
ita.ws 


t.W1.7<0 
l.»»A» 

s,M.iie 
tjm*ao 

i,n(.«~ 
iU.o,v 

l5.WS.7Cr 

W.1W0 
«9.ia 

7l0,'4» 

»8.:n 
4n.i(c 
\ijum.m 

*:i.AM 
'.n.iuo 

MI.UJO 

stsjat 

|J*M,4IW 


ClrcQla- 
lion. 
8».«'0 

•.JOO 

M,eoo 
"wis 

!J7  4U0 

•.tioA 


ut.sn 

441.400 

in,7Ui 

i,700 
SI1.MIU 
7S4S0 
111.8(0 

aiijico 

8W,!00 

ia,uvo 

HO,(W 

17«,IU0 

SJMO 

liiitua 
i!a,<oo 
4Mj«a 

US.tH 

MOO 

ltl.4<iU 

7t4.7W 

7M.1IJ0 

4JIO0 

4tlJI0S 

4,C*0 

I4*,9M 

411 .400 

m,>(a 

•BJNV 


tM.K-0 

tjMO.PTO 
W.MO 

4ft,VI« 
414  0 
«?'JMil 
c»t.*l« 

UOjUUU 


.  Nu-aja  BRt  AitMi  iu,i>ijis  taj^'^t  ihs.mi.i  o  tit.w.ioi/ 
The  derlatlons  from  the  retaras  of  the  prerlfas  week  are  a' 


,.Da<!.    •■a.na 
..IH*.   x.tmjm 

Dm.    urn,**. 

The  lollowlag  are  thetoUls  for  a  series  of  weeks  paat 


SatDapaaiu. <>«c.  I9.IIUCP 

CtraaUUBa....', .....Inc.        MjNB 


La«al 
Taadara. 


Danatlla. 

tl1.4.'l.l*l> 

Ma.isi.Ma 
~»,iM.a 


'.ioni  la  gold  for  forsiga   and 


l»H 


hwhan **^   '*'*' 

aCduv,;:-!rt''-'3' 

■>eli«am«< — Koiei)^  irrrhanir^ 


Plrafi 


•■•  ^  a 

...  —  ir 

4 


-•lt»«r , ,w 

ixillBra -M 


moved    rather 


aioAgiahly,  bat  prioas  are  well  ma 
dlflraHylai 


I  aatting  tha  docoman 
of  the  mj  nad  weather  which  Iuk  pr^ 
of  the  ptesaat   weak  and  latarfered   with 


Minng  A  lartrr*  port 
•hipantnts.    Ti    ' 
<|aita  a  danand  for  ahoft  sight,  and  tha  prioe  wai< 


ro.day 


Mivnaeed  to  8Bt,  wllkout  any  chaaiga  In  OU  daya'  Ulla. 
<)B«tatlona  ua  Bi  tttlows: 

-DecW. 


a1.. 


•*••••••«»• 


Ida;*. 

4.B7«a4.« 
'  ^  i»l.87 


»1« 

The  unaaoBUona  (or  tha  weak  At  the  Cattoa  QtlB*  B  id  Hub 
Treasarr  hBTB  b««n  asfoUowB: 


"'aSS 

7',«s;«»    nmatt    i»;i6:a« 

im  }MSSsi  ^k:i^: 

iMS    Hatn^M     nMif.«w 

oSSS 


i4.«Ma 

lAOMM 

ruiMjoo 

40 '4  Ml 

4:.NIAJS 

Paita4lalyhta  aaaka*— Yhe  following  Is  tna  arerage  con 
titloa  of  the  Philadelphia  National  Banks  for  the  week  preced 
log  Monday,  Dec.  6.  1875: 


tN.«1l.7Q 

la.oi<.>« 
«liiii.ioii 
IIMIIJII 
nt,isi.an 
tiMa.ra 
tiasiuM 


ClrcB- 

latloB. 

l7,;sMVt 

n.^ikaai 
lljai.«s 
ll.>n.aii 
n.)4i.40e 
I'jntjm 

17.114.  SB 

ii.wi.mt 

II.IU.I(S 

I4.«i«.aw 

lOU.V'O 

u.>:ojoo 


Assresal* 
Cleannaa 
B<,7'A.4in 

4ii.i<f,in 

M9.IM  .«(• 

4iu,^tf,a»i 

4U,M>JH 

«<l.74l.7ll 
4l<,a<B,'u 

4;s.io<.iM 

4l4.;KI.Xa 
4l4,*tJ-,l 

kn.«»vi»» 

4«IJ4Ut4 


Total  oat 
L.Taader.Oao 

isa  " 


!S!^ 


7WWI 
ND.4N 
l«MO 
»«JH 
«'JM 

f4U^ 

._ iu.4aaoiu.iu.M7  Bw.7a  iu.7f7.iu  lu.iti.in  iioiZMi 

Tne derlatlons  from  the  retaras otpranana  weak  are  as  followa: 

Ifias, Inc..   •'•.miOapoalu inc..    IIMJM 

«paels„......  u Dae.     UIW   Oiroulatloa Dae.       iS.-.»0 

Laaai  Taadar  Kotar Dae.    BMU  I 

Tha  following  are  tha  totals  for  a  series  of  weeks  fast : 
Oaia.  LoBBi.         Bnaela.  LaiialTandar.    Oapoatia.  ClraBlatlon 

vo».  li <W^.»*  a*^         >'.»43.*2         1J,«J,«40  Ju.'.WJl-J 


TaW. 


<ot.l' 

««».i» 

X)f«.f7, 


at 


4rm74 


Iy,t3l.7t* 

1o,m,3»] 


5H8 


.THE   CHRONICLE 


I  December  4, 1876. 


GENERAL  QUOTATIONS  OF  STOCKS 
U.  S.  Bond$  ana  active  Railroad  Stoeki  are  quoted  on  a  prenom  page. 


AND  BONDS  IN  NEW  YORK. 

Price*  reprenent  the  ver  eent  value,  whatever  the  par  may  be- 


SKOtTMTIWS. 


Bid.  Aak. 


State  Bond*. 


Alabama  M,188S.. 

lo        SB.iSSt  . 


do 
do 
do 
do 
do 


Atse 

8b,  1888  ;:,•■•,•,■ 

S«,  Mont.  *Euf'l»K. 
8.,Al».*Ch«t.K^.. 
...Of  18*8.. 


Arkansas  6s,  funded -  - 

do  7s.L.  K.*  Ft.  S.  IBS. 
do  78,  Memphis  &h.  K. 
do       7s,L.R.,P.II.&N.O. 

do         78,Ml8B.O.  *  B.  BIT. 

do       78,  Art.  Cent.  K.  . 

Connectlcates 

(Georgia  6s 

do       78,  new  bonds 

do       7s,  endorsed 

do       78,  gold  bonds 

Indiana  58 -. 

Illinois <8  coupon,  ign...  . 
do  do       :97*  ..  .. 

00       Warloan 

Kentucky  6s 

Louisiana  6s. 


do  new  bonds., 
do  new  floating  debt 
7a,  I'enl;  2iitlary. 
68,  levee  i,onds.. 
8s,       do 
88,         do  1875., 

Ss! of  1919.. 

Michigan  6s,  1878-79 

do       68,1883 

do       78,1890 

MUsourl  6s,  due  In  1373 

do      do  1976 

dc  1877 

dc  1878 

do  187!) 

do  1880 

Funding  bonds  due  In  m9i-5 
Long  hds.  due  '81  to  "ll  Incl.. 
Asylum  or  Unlvers-.clue  1892. 
Han.  &  St.  Joseph,  due  1876. 
do      do  do  1836. 

do      do  do  18S7. 

New  York  Bounty  Loa-a,  reg 


do 
do 
do 
do 
do 
do 
do 


do 


do 
do 


101 
IIM 
K8 

i6i>i 
lOiy. 


lulH 
■MH 

lUlk 

ma 


ICIX 


8«0TJSTTI»«. 


Railroad  Bonds. 

(Stock  Exchange  iVifSS.) 
Albany  &  Busq.,  Ist  bonds. . .  . 

do  do      3d     do    

do  do      Sd     do    

Boston,  Hartf.  &  Erie,  IBtmort 
do  do  guar — 

Bur.,  C. Rapids  &  Minn.  1st  7s,  g 
Chesapeake  Jk  Ohio  6s,  1st  m.. . 
do  do        ex  coup 

Chicago  &  Alton  sinking  fund. 

do  do     Istmort 

do  ^do    Income 

Jollct  &  Chicago,  Istmort 

Loulslans  t^  Mo.^  1^  m.,  guar. 
St.  Louis,  .lack.  &  Chic,  1st  m. 
Chic,  Bur.  &  Q.  8  p.  c.  1st  m. . . 
do  do    coDsol.  m.  7b 

Chicago,  Bk.  Island  &  PaclOc. 
do         S.  F.  Inc.  66,'95 
Central  of  N.  J.,  1st  m.,  new.. . 

do  do      18t  consol 

do  do     con.  conv 

Lehlgl)  &  Wilkes  B.  con.  guar. 

Am.  l>ock  &  Improve,  bonds 

Mil.  &  St.  Paul  1st  m.  8b,  p.  D 


do  do  conn, 

do  6e,  Canal  Loan,  lS(7.!;v 

do  68  do  1878.  i}}| 

do  6s,gold  reg....;887.  ;  7 

do  6b,  do    coup.. 1887. '"> 

do  68,  do    loan.. 1883.    •■■ 

do  68,  do      do  ..ISQl.'*" 

do  5s,  do       do  ..1876,' 


North  Carollua  68,  old,  J.  ffe  J. 


A.&O 

N.C.KR....J.&  J-. 

do  ....A.  4  0.. 

docoupoff.J.  &  J.. 

do    do  oa.A.  &0.. 

Funding  act,  1866... 

So        1868... 

New  bonds,  J.  &  J.. 

do  A.  &  O.. 

Special  tax.  Class  1. 

■^       do       Class  8. 

do      Class  3. 


do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
Ohio  68, 1875, 

do    68,1881 

do    68.1386 

Rhode  Island  6a 

Boutli  Carolinatis 

do       Jan.  &  July 

do       April  &  Oct 

do  Funding  act,  1866. . . 
do  Land(;,1889,  J.&  J. 
do       Land  C, 1889,  A.&O. 

do       7s ofl888. 

do       nonfundable  bouds. 

Tennessee  68,  old 

do      do  ex  coupon 

do      do      do  new  aeries 

Texas,  lOe,  of  1876 

Virginia  6a,  old ,■••;;;;•• 

do  do  new  bonds,  1866.. 
do  do  do  1861.. 
do  do  consol.  bonds — 
do  do  ex  matu  d  coup. 
do  do  consol.  2d  aeries. 
do  do  deferred  bonds... 
District  of  Columbia  S.65S 

Railroad  Stocks. 

(Active  previously  Quoted.) 

Albany*  Susquehanna 

Central  Pacllic 

Chicago  ftAlton 

do  do    pref 

Chic,  Bur.  &  Qulncy 

Cleve.,  Col.,  Cm.  &  Indlanap.. 
Cleveland  &  Pittsburg,  guar.. 

Dubuque  &  Sioux  City 

Krie  pref 

Hannibal  &  St.  Joseph,  pref... 

Illinois  Central 

Ihalanap.  Cin.  &  Lafayette. . . . 

Jdllet  &  Chicago 

Long  Island 

Marietta  &  Cln.,  Ist  pref 

do  2dpref 

Morrlsft  Essex 

Missouri,  Kanaaa  &  Texas.  . . 

New  Jeraey  Southern 

N  y..  New  Haven  &  Hartford. 

Ohio  &  MlBSIsslpnl,  pref 

Pitta.,  Ft.  \V.  &  Chic,  guar. . . . 

do  do    special.. 

Rensselaer  &  Saratoga. 


15 
55' 

65 
3iJ 

3i) 
9 
8 
S 
8 

'3' 
3 
102X 
1U5 
108 
1U8 

34 

S4X 

31 

33 

:iS 

33 

34 
5 

46 

43>i 

43.H 


Chic.  *  N.  Western  Bink.  fund. 


Iowa  Midland.  1st  mort.  83 
Galena  &  Chicago  Extended... 

Peninsula,  1st  mort.,  conv 

Chic.  &  Milwaukee,  Ist  mort.. 
Winona  &  St.  Peters,  lat  mort. 

do  do  2d  mort.. 

C.,C.,C.*  Ind'8.l8tm.7s,  S.  F. 

do  Conaol.  m.  bonds 

Del.,  Lack.  &  "Western,  2dm.  . 

do  do     78,  conv. 

Morris  b  E»8ex,  Ist  mort 

do     do   2d  mort 


do 
do 
do 
do 
do 
do 
do 
do 
do 
do 


Bid.  Ask. 


11451 
107 

so' 

IDS 
36H 
31 H 
26 


101 
20H 
20  >t 
37 
33 


2dm  7  3-10  do. 
78.  gold,  U.  D. 
lat  7B  £  do  .. 
Ist  m..  La  CD. 
Istm.l.&M.D. 
1st  m.  I.  &  D.. 
Istm.  H.  *D. 
Istm.C.  &M. 
1st  Consol.  ... 
2d  m.     do 


do 
do 
do 

do 
do 
do 


Int.  bonds, 
consol. hds 
ext'n  bds. 
Ist  mort.  . 
cp.gld.bds 
reg.   do 


bonds,  1900. . . 
construction . 

7s  of  1871 

lat  con-  guar 


do  do 

do  do 

do  do 

do  do 

Erie,  Iflt  mort.,  extended 
do      do  endorsed 

do    2dmort.,7s,  lh79.... 
do     3d    do      78,1888.... 
do     4t,h  do      78,1880..., 
do     6th  do      78,1888.. 
do     7s,  cons.  mort.  gold  bds. 

Long  Uock  bonds 

Buff.,  N.  Y.  &  Erie,  Ist  m.,  1877. 
do       do  do   .large  bds  . 

Han.  &  St.  Jo.  land  grants 

do  do     88,  conv.  mort. .. 

Dubuque  &  Sioux  City,  1st  m. . 
do  do         2ddlv. 

Cedar  Falls  &  Minn.,  Ist  mort. 
Indlanap.,  Bl.  &  W.,  1st  mort. . 
do  do        2d  mort... 

Mlch.So.7n.  c.  2dmort 

Mich.  S.  &  N.  Ind.,  S.  F.,  7  p.  c 
- d... 


lOOH 
109X 

99 
lis 
io;x 

105 

•»!>) 

102 
112 

93X 

91 

92 

97 

si" 
so 

87 
81  >4 
85 
105 

98k 
90 
100 
85  H 
84>4 

lOSS 
98K 

100 
78 
G5 

105X 

112" 

lis" 

ma 

i6i>i 
106K 

103)4 

loik 
95 
93 

92 
lOi" 

so 

80 


113 

100 
113H 
108 
105 
3S>i 

114" 
95 
91V 

97k 

3; 


S9X 
8;x 


108 
lOlX 


85* 


70 
lOSX 


102*- 

107 

106>t 


BKOVRtTISa. 


ToL*  Wabash, Ist  m.  extend. 
do  do       lit  m.St.L.diT 

do  do       idmort 

do  do       equlpm't  bds. 

do  do       con.  convert.. 

Hannibal  &.  Naples,  1st  mort.. . 

Qreat  Western,  1st  mort.,  1988. 
do  2d  mort.,  1893.. 

Qnlncy  &  Toledo,  1st  mort.  1890 

llllnoiB  &  Bo.  Iowa,  Ist  mort... 

Lafayette.  Bl'n  &  .Miss.,  1st  m. 

HaD.&  Central  Missouri,  Istm. 

Pekln.Llnooln  &  1  )ccatur,  1st  m 

Boston  &  N.  Y.  Air  Line  Ist  m . 

Cln.,  Lafayette  &  Chic,  lat  m. 

Uel.&  llttdaon  Canal,  Ist  m.,  '91 
do  do  1884 

do  do  ISTi 

do  do     coup.  78, 18M 

do  do        reg.  7s,  1894 

Long  Island  RU.,  I8t  mort 

South  Side,  L.  I.,  1st  m.  bonds, 
do  sinking  fund.. 

Western  Union  Tel.,  1900.coup 

nixo^llaneniis  l,il»t. 

tjirokert"  Quotationa.') 

ctTisa. 

Albany,  N.  y.,  68 

Buffalo  Water.... 

■    ao      Park 

Chicago  6s,  long  dates -. 

do       7s,  sewerage 

do       7s,  water.  

do      7s,  river  Improvement 
do       7s,  various..  ....  . 

Cleveland  is 

Detroit  Water  Worka7s.... 

Elizabeth  City,  due  '95 

■•         "    '85 

Hartford  68 

iQdIanapolIa  7'30s 

Newark  City  7b 

OBwego 

Poughkeepale  Water 

Rochester  City  Water  bds.,  '93 

Toledo  7S08 

Yonkera  Water.due  1903... 

KAILK'iAUf. 

Atchison  &  P.  Peak,  6a,  gold.. 
Atlantic  &  FacIBc  L.  O.  63,  gid. 
Atchison  &.  Nebraaka,  S  p.  c. . . 
Bur.  &  Mo.  RIv.,Laud  m.  78 — 


do 
do 
do 
do 
do 


2dS.,do  78. 
3dS.,do  Ss.. 
4th  S.,  do  8s. 
5th  S.,  do  88. 
6  hS.,do8a. 


Bid.  Ask. 


US 


Si**  '^ 
59 

76X    78X 
50 

....    50 


lOlX 


i!l^ 


108 


103 
lOOX 


n\ 


79X 
109 


114X 
66X 


Rome,  Watertown  &  Ogdens. . 
St.  Louis,  Alton  &  T.  Haute. 

do  do  do      pref 

Belleville  &  So.  Illinois,  pref . . 
Bt.LouIs,  Iron  Mount.  &  South. 
Terre  Haute  &  Indianapolis... 

Toledo,  Peona  &  Warsaw 

Toledo,  Wab.  &  Western,  pref. 
Warren 


miscellaneon*  Stockv 


American  District  Telegraph. 
Canton  Co.,  Bnltlmore, 


1 
142 
37 

lis' 


97X 
105X 
MSX 
58X 
90), 

87' 

n 
99 

8 


ma 


Cent.  N.J. Land  Improv. Co.. 

Delaware  &.  HudsonCanal 

A'"eni'.«n  *;oai 

Oonsoiination  (;oal  of  iwi 

Uvrlposa  L.&M.  Co.,  ass't  paid 
do       do  pref     •' 

Cumberland  Coal  ft  Iron 

Maryland  Coal 

Penosylranla  CofJ .j.i,,, 

Uprlng  Mountain  Cou, ,.».,.  . 


•    31 
20 

!22X 

45 


63H 


Clev*.  (i  Tol.  sinking  fnn< 

do         lio    new  bonds 

Cleve.,  P'vllle  &  Ash.,  old  bds. 

do  do     new  bds 

Detroit,  Monroe  &  Tol.  bonds. 

BuUalo  &  Krle,  new  bouds 

Buflalo  &  State  Line  7s 

Kalamazoo  &  W.  Pigeon,  1st.. 

Lake  Shore  DIv.  bonds 

do  Cons,  coup.,  iBt... 

do  Cons,  reg.,  1st 

do  Cons,  coup.,  2d — 

do  Cone,  reg.,  2d 

Marietta  &  Cln.,  1st  mort 

Mich.  Cent.,  consol.  7s,  1902  ... 

do  Ist  m.  8s,  1882,8.  f. 

do  equlpm't  bonds... 

New  Jersey  Soutnern,  Ist  m.  76 

do  do     consol.  7b 

N.Y.  Central  6b,  1883 

do  68,lb87 

do  6s,  real  estate 

do  68,  subscription. 

do  7s,1876 

do  7s,  conv.,  1876 

do  &Hudaon, Ist m., coup, 
do  do     1st  m.,  reg... 

Hudson  R.  7s,  2d  m.v  .  f d.  im.. 

Harlem,  lat  mort.  7j  .;oup 

do  do  reg 

North  MlBsourl,  Ist  mort 

Ohio  &  Miss.,  consol.  eink.  fd. 

do  do     consolidated 

do         do     2d    do         

do  do     Ist  Spring,  dlv.. 

Central  Pacific  gold  bonda 

do  San  Joaquin  br'nch 
do  Cal.  &  Oregon  lat.. 
do  State  aid  bonds 

do  L.  G.  bonda  . 

Western  Pacific  bonda 

Union  Pacific,  Ist  mort.  bonds 

do  Land  grants,  7s, 

do  Sinking  fund... 

Atlantic  &  Pacific  land  gr.  m. 

South  Pacific  RB.  bds.  of  Mo. 

Pacific  R.  of  Mo.,  1st  mort.  ... 

do  do         Ist  Caron't  B 

do  do         2d  mort 

Pacific  R.  78,  guaraut'd  by  Mo. 
Pitts.,  Ft.  W.i  Chic,  1st  mort. 
do  do     2d  mort, 

do  do     Sd  mort 

Cleve.  &  Pitts,  consol.  a.  fund. 

do  do     4th  mort 

Col.,  Chic.  &  Ind.  C.  Ift  mort 

do  'U,    '.;d  mort,. 

Rome,  Watert'n  &  Og.  cun.  1st 
St.  L.  &  Iron  Mountsan,  1st  m. 
do  2d  n 

Alton&T.  H.,  iBt  mort 

do  do     2d  mort.  pref... 

II  >         do     Sdmort.  It^come 

Belleville  &  S.  111.  R.  1st  m.  sa. 

Tol., Peoria*  Warsaw.K.D... 

do  do       W.  x>.. 

do  do  BnivDlr. 

do  do  Jdmott., 

do  do  con*«1.7i 


79X 
107 
10  i 

Six'   ... 

27    I  28 

lOX    14 

I'joxaoi 

106«  106 
108 


107X 

102 

103X 

102 

102 

loax 

102X 
lOix 
162' 

91' 

106 
101 
I13X 


101 X 
lOoit 
lOOx 
1U0>. 
I02X 

12:' 
lik 

113 


100  j. 
94X 

F8" 
32 

67  ' 
102X 
118 

ll'SK 
lOaX 
106(. 

vrl% 
49 


108 


102  )$ 


1013( 


lOSJi 


107 


'MX 
101 
94X 

62' 

83 

■io' 

1L3.V 


102K 
lOliX 


ISX 


109 


■fka 


Bur., C.  R.  &  M.  (M,  dlv.),  g.  7s 

Cairo  &  Fulton,  Ist  7s,  gold  . . , 

California Pac.  RR.  7s, gold.., 

do  6s,  2dm.,  g 

Canada  Southern  lat  m 

do  with  int.  certlfa. 

Central  Pacific  78.  gold,  conv.. 

Central  of  Iowa  1st  m.  7s,  gold 

do  do     2d  m.  78,  gold 

Keokuk*;  St.  Paul  8s...   ~ 

Carthage  *  Bur.  Ss 

Dixon,  Peoria  &  Han.  Ss. 
O.  O.  AFox  v..  Valley  8s. 

:  Qulncy  &  AVarsaw  88 

1  Illinois  Grand  Trunk 

;Chlc.,  I)ub.&  MIna.  8s... 
IPeorla&  Hannibal  R.  88.. 

Chlcugo  &  lowaK.Ss 

American  Central  Ss 

Chic.  &  S'thwestern78,guar... 
Chesapeake  &  O.  2d  ni.  gold  78 
Col.  &  Hock.  V.  1st  78, 30  years 
do  do     1st  78, 10  years 

do  00    2d  7s,  20  years 

Chicago,  Clinton  &  Dub.  8i , . . 
Chic  &  Can.  South.  Ist  m.  g.7B 
Ch.  D.  &  v.,  I.  dlv.,  Ist  m.  g.  7s. 
Chic,  Danv.  &  Vlucen's  7b,  gId 

Connecticut  Valley  78 

Connecticut  Western  Ist  78 — 
Chicago  &  Mich.  Lake  Shore.. 
Dan., llrb.,  Bl.  &  P.  Ist  m.  7s,g 
Dea  Molnea  A  Ft.  Dodge  Ist  78. 
Detroit,  Hillsdale  &  In.  RR.Ss. 
Detroit  i.  Bay  City  Ss  guar, 
Detroit,  Eel  River  &  III.  83. 
Oct..  Lans.  &  Lake  M.  1st  m.  8s 
do  do    2d  m.  Ss 

Dutchess  A  Columbia 73....... 

Denver  Pacific  7b,  gold 

Denver  &  Itio  Grande  7s,  gold. 
Evansvllle  &  Crawfordsv., " 

Erle&  Pittsburg  Ist  78 

do  do         2d  7s 

do  do         7s,  equip 

Evansvllle,  lien.  &  Nashv.  7s.. 
Ellzabethlown  &  Padu.  88,  con, 
Evansvllle.  T.H.  &  Chic  78,  g. 
Flint  &  Pere  M.  78,  Land  grant. 
Fort  W.,  Jackson  &  Sag.  Sa. . 
Grand  R.  &  Ind.  1st  guar  78. . 
do  IstL.  O.  78. 

do  1st  ex  L.  G. ' 

Grand  River  Valley  Ss 

Hous.  &  Texas  C.  Ist  7s,  gold 
Indlanap. &  VIncen. Istrs, guar 
Iowa  Falls  &  Sioux  C.  Ist  7s. . . 

Indianapolis  &  St.  Louis  7s 

Houston  &  Gt.  North.  Ist  78,  g, 
international  (Texas)  Ist  g.... 

Int.,  H,  &  G.N.  conv.  8s  

Jackson.  Lansing  &  Sag.  Ss 

Kansat  Pac.  78,  extension,  gold 
do  78,  land  grant,  gld 
do  '7s,  do  new  gld 
do  6s,gld,June& 
do  6s,  do  Feb.  &  Aug 
do  7s,  1376,  laud  grant 
do  78,  Leaven,  br'nch 
do  Incomes,  No.  11. 
do  do       No.  16. 

do        Stock 

Kalamazoo  &  South  H.  Ss,  guar 

Kal.,  Alleghan.  &  G.  R.  Sa.guar 

Kansas  City  &  Cameron  lOs... 

Kan.C,  St.  Jo.  &  C.  li.  8s  of '85 

do       do  do    8s  of  "9S 

Keokuk  &  Dea  Moines  Ist  7e. . . 

do        lat  coup,  Oct., '76 

do  funded  Int.  Ss 

do  pref.  stock... 

L.  Ont.  Shore  RR.  1st  m.  gld  78. 

Lake  Sup.  &  Miss.  Ist  78,  gold. 

Leav.,  Atch.  &  N.  W.  7s,  guar.. 

Leav.,  Law.  A  Gai.  Ist  m.,  103., 

Logans..  Craw.  &  S.  vv.  Sa.gid. 

Michlgf.n  Air  Line  Ss 

Montieelio  &  P.  Jervis  7s,  gold 

MontclalrlBt.la.g'dld.. 

MO.iKausasATezaa       gold.. 


102 
106 
106 
96 

:oi 
10.x- 

104 !, 
108  i. 
104X 
106 
96 
93 
IU2 
100 
107 
103 
105 
1C6 
102 
104 

20 

30 

20 
105 
lOS 
108 
108 
108 
109 

22X 

16 

70 

60  " 


lOSX 
106  X 

97 

99 
103 
102 
108 
101 
106 
107 
103 
106 


asCTTBITIKS. 


Bid.  Aak 


60 
104X 

62 

K5X 
88 

lOi 
IW 
104 
104 
IW 

20 
101 

.... 

20 


95 


61 M 


Mo.  R..  Ft,  S.  &  Golf  Ut  ai,  10* 

no  do  Mm.  10s. 

X.  Haven.  MIddlet'n  &  W.  78.. 

K.  J.  Midland  1st  7b,  eold 

d'»  2(171 

New  Jersey  &  N.  T,  78,  gold. 
N.  V.  &  Oaw.  Mtd.  ist  7a,  gold, 
do  do        2d  7b,  coDT. 

North.  Pac.  l8t  m.  gold  7  3-lOa.. 
OmaMft  Southwestern  RU.m 

Oswego  &  Itonie  "8,  guar 

Peoria,  Pekln  &  -J.  UX  mort. . . . 

Peorla&Kork  I. 78, gold 

Port  Huron  &  L.  M.  7b.  gld,  end 
Pullman  Palace  Car  Co.  stock. 
do  bds.  8b.  4th  series 
Rockfd,  II.  I.  &  St.  L.  1st  7b.  gld 
R.,..„o  •  *■  "ewego  78. gold... 

Sioux  City  «E  I'jkciflco* 

Southern  Minn.  conBtruc.  Ss. . . 

do  7s.. , 

St.  Jo.  &  C.  Bl.  iBt  mort.  lOs. . . 

do  do  Bp.  c. 

Bandnsky,  Mans.  &  Newark  7b. 
St.  LoulB,  Vandalia  &  T.  H.  lat. 

do  do  2d,  guar 

St.  L.  &  So'eaatern  Ist  78,  gold 
St.  L.  &  I.  Mt.  I  Ark.  Br.)  7s,  g. 
Soulheru  Central  of  N.  Y.  78. . , 

tlDloa  &  Logansport  7s 

Union  Pacllic,  So.  branch,  6s,  g 

Walkin  Valley  ist  7b,  gold 

West  Wisconsin  78,  gold 

Wisconsin  Valley  88       

^outlierii   ^tecnfltles. 
Brokers*  Quota tions.'j 

BTATKS. 

LoulBlananew  consol.  78 

South  Carolina  new  consol.  6b. 
TexAA  State  68,  iff!7 . . 

do        68,1891-2 

do        78,  gold 

do       10b,  of  1884 

do       IOb,  pension 

CITIZS. 

Atlanta,  Ga.,7B ..     ., 

do        88 

Angnsta.Ga.,  7s,  bonds 

Charleston  stock  68 , 

Charleston.  S.  C,  78,  F.L.  bds, 

Columbia.  S.  C,  6s , 

ColumhuB,  Ga.,7s,  bonds 

Lynchburg  68,  

^facon  78,  bonds , 

Memphis  old  bonds,  68 , 

do       new  bonds,  68 , 

do       end.,M.&C.  RK.  .. 

[Mobile  58, (coups,  on) 

I    do      8s, (coupe,  on) 

Montgomery  8s 

Nashville  68,  old , 

do       6s,  new , 

New  Orleans  Ss , 

do  consol.  6s. 

do  bonds,  7h , 

do  gold  7b,  quarterly 

do  lOs. 

do  to  railroads, 

Norfolk  68 

Petersburg  68 

Rlchiiiond  6s 

Savannah 7b, old  ...    ..... 

do        7b,  new 

Wilmington,  N.C.,6s.gold.... 
do  do     88.  gold, 

HATLROADB. 

Ala.  &  Chatt.  1st  m.  8s.,  end — 
Ala.  &  Teun.  R.  Ist  mort.  7s. . . 
do         do  2d  mort.  78 

Atlantic  &  Gulf,  consol 

do  do    end.  Savan*h. 

do  do    stock 

do  do      do    guar. 

Carolina  Central  Ist  m.  es,  g. 
Central  Georgia  consol.  m.  7i 

do  stock 

Charlotte  Col.  &  A.  Ist  M.  78. 
do  do       stock... 

Charleston  &  Savannah  68.  end 
Savannah  &  Chur.  1st  m.78.. 

Cheraw  &  Darlington  78 

East  Tenn.  &  Georgia  6s 

East  Tenn.  &  Va.  66,  end.  Tenn 
fi.  Tenn.  Va.  &  Ga.  Ist  m.  78. . 

do  do        stock 

Georgia  RR.73 

do  stock 

Greenville  &  Col.  7s,  guar  .... 
do  do    78,  certif... 

Macon  &  Brunswick  end.  7s.. 

Macon  &  Augusta  bonds 

do  do       endorsed.... 

do  do       stock 

Memphis  &  Charleston  1st  78. 

do  do  2d  78.. 

do  do         .<ttock  . 

Memphis  &  Little  Rod:  Istm.. 

Mississippi  Central  1st  .n.  78. . 

do  2dm.  6s... 

Mississippi  &  Tenn.  Ist  m.  7s. 

do  do     consol.  8b 

Montgomery  &  West  P.  1st  Ss. 

do  do  Income 

Mont .  &.  Euf  aula  1  at  88,  g.  end 

Mobile  &  Ohio  stcrllag 

do  do       do     ex  certif 

do  do  8s,  Interest. 

do  do  2d  mort.  88, 

do  do   stock , 

N.  Orleans  &  Jacks.  1st  m. 

do  do    certif 's  8s.. 

N.  Orleans  &  Opelous.  Istm.  8s 

Nashville  &  Chattanooga  6s. . . 

Norfolk*  Petersburg  Istm. 88 

do  do  7s 

do  do  2dm.  88 

Northeastern,  &.  C,  Ist  m.  8s.. 

do  2d  m.  8b... 

Orange  &  Alexandria,  Ists,  6s.. 

do  do  2d8,  6s.. 

do  do  Sds,  Ss. 

do  do  4thB,  t:s.. 

RIchm'd  &  Petersb'g  Ist  m.  7s. 

Rich.. Fre'k8b'g&  Poto.68.... 

do  do  cour.is 

Rich.  &  Danv.  let  consol.  6a... 

Southwest  RR.  Gu  ,  1st  m. 

S.  Carolina  RH.  Isi  m,  78,  new. 

do  68 

do  73 

do  stock 

West  Alabama  8s,  guar 

J  I'ASr  DUK  aorpoNs. 

lll'ennessee  state  coupons 

■  Virginia  coupons 

do      consol.  coup 

Memphis  CUy  co'tiioas 


59 
'.2 
3J 

?2H 
IW 
<02S 
ICO 

73 

84 
85 
5i 
66 

75' 
75 
80 
40 
SO 
S3 
30 
80 
lU 
70 


40 

40 

32X 

14 

ij'* 

96 
100 
76 


100 
82 
48 


61 
64 
95 

?5 

102X 
105 
102X 

It 

87 
87 
SK 
70 
62 
(0 
85 

ts 

50 
40 
4) 

40 
40 
SO 
80 
ID 
33 
45 
i>S 


42 
78 
S3 
10 
30 
50 
98 
58 
<0 
10 
40 
50 
90 
70 
70 
94 
SO 

100 
80 
53 
52 

100 
88 
90 
16 


December  11,  1875.] 


THE   CHRONICLR 


569 


J  nuestments 


AND 


STATE.  CITY  AND  CORPORATION  FINANCES. 


The  "  Inreaton'  Supplement"  Is  pabllnhed  on  tbe  lut  Sftturday 

of  each  month,  and  farniahed  to  all  reguUr  aabacriberi  of    the 

CdkOXICLK.     No  iiot;le  oopies  of  the  Supplement  are  sold  at  the 

oSoe,  as  only  a  sufficient  namber  is  printed  to  supply  reg^ilir 

nbscribera. 

ANNUAI.    REPORTS. 

Bo«toa  A  ProTideife. 

(For  the  ytar  ending  September  80.  1875.) 
At  the  recent  annual  meeiini;  the  report  of  the  directors  wis 

E resented.  It  states  that  the  recripts  of  the  road  for  the  past  rear 
are  fallen  off  in  a  marked  deforce  frjm  those  of  the  prcviou:< 
three  years,  and  d^plte  tbe  continued  large  reduction  made  in  ex- 
peoies,  amountioj;  to  107,8%  60,thebaUncliig  of  accounts  on  the 
30tb  day  of  Sf  plember,  when  ib«  financial  year  closed,  showed 
that  tbe  net  earnings  were  $364,782  20,  only  94.782  90  more  than 
nine  per  cent,  on  the  capital  stoclc.  As  a  dividend  of  five  dolla** 
on  a  share  bad  Ix-ea  made  in  tae  spring,  one  of  four  dollars  was 
dt-clarrd  for  the  last  six  month?.  Could  the  ronrre  of  business 
bare  been  foreseen,  it  would  bare  been  better  to  bare  made  tbe 
two  diTideods  four  and  one-half  dollars  each,  but  there  was  a 
strooK  belief  that  tbe  increase  of  receipts  from  April  1  to  October 
1,  would  be  vuch  as  to  assure  the  usual  division  fnr  Ihe  year.  As 
it  is,  nine  per  cent.,  all  that  has  been  earned,  has  been  di^  ided 
There  has  disappeared  from  tbe  aaaets  an  item  of  915,^)00,  repre 
sented  by  150  shsres  of  il>e  Mansfleld  and  Framincbam  Railroad 
Company,  subscribed  for  In  18W,and  thought  to  t>e  worth  what 
lliey  stood  at  on  the  books.  This  wss  converted,  and  sold  at  a 
net  loss  oi  $0,8'^3.  There  are  now  seventy  miles  of  track  laid 
with  steel  rails,  as  against  flfly-nine  reported  a  year  ago,  leaving  . 
e))(kl«Mi  milea  to  be  so  renewed.  The  road  bed  was  never  iu  i  "^^ 
better  condition,  and  tbe  equipment,  witli  i  lie  exception  of  "postal 
eara,*  U  equal  to  any  increaae  of  buaineaa  that  we  are  likelr  to 
have  for  several  years  to  come.  Durinir  the  coming  year  it  Is 
proposed  t»  rebnild  the  passenger  station  at  Roalindale,  ana,  with 
the      -  -ere  &  Worcester    Railroad    Company,  to 

biK  '  ni,  nn  tbn  line  of  our  ooBmon   track,  a 

new  im.-lll  liou»)-  mt  I  aw'.ucket. 


Wliol*  unoant  or  p«nn>nent  inveitmenta 18,687,475  8S 

Total propertjaada'aeuorUte company l>,&a8,S10  16 

txra.'CDiTcaca  ciuBeBO  to  paorsBTT  aooodht  ouania  TBI  tbab. 

Main  lloe,  eitaualea  or  alteraUoDot  road 

Braachca,  exienalonoraltentioDo(  road 

Laad 

Paaaenfer  and  freight  atotiona.  wood-shcda  and  water  atationa . . 

Xnglaa  IwaMa,  car  ahcd;!  aad  tarn  Ubioa 

Kew  locomoUrea 

Nrwpiwaeniierc 


piwaen^ 
New  freight  car*. 


$80,196  68 

5.J75  91 

961,158  7« 

S1.514  M 

18.016  40 

18,098  41 

411  TO 

1,1  <0  84 

ilO  M 

5t,ltO  6« 


Macbiae  abopa,  maehiaerT  aad  tods 

Advancea  to  aihar  roads  uid  new  work 

1888,100  P.  O.  K.  *  C.  R.  R..  »831,M0  vi'olfboro'  R  R.  (discount 

a>«Tlliiz.)oar,  BlnkiD^fand  and  ten  year  notes) 474,116  51 

Bloec  In  Maiae  Central  and  Eastero,  K.  II 860,406  81 


Total... t»,5a0,987  M 

Properly  sold  and  credited  property  accjont  during  the  year: 
ttna  61    p.,  O.  p.   *  C.  B.  R.  bonds.   ISt.OOU  Portsmouth 
BiUge  stock,  f7«l,4«l   69  Land,    net   addition  te  property 

acomnt  for  Ihe  year 8,680,987  2* 

asTaNrs,  BxrsMaas,  ac.,  roa  thb  tear. 

Total  receipta  from  p*s>en;:er  department I.T66S800^ 

Total  recalpta  from  T'elKbt  department        998.077  4'' 

Raoalpu  aa  rents  for  aso  or  road  aai  e<ialiment. 8.0GO  0. 

Total  •arainm  ..   1,766,857  4 

Ioo>«Be  rr  'm  rent  of  pmpeny  other  than  roatr  and  eqiilpmeDt. ...  5S.tS8  8 

IneoBMffom  Pnllman  Palace  CW  Company 4,880  0 

Total  Income (.SlT.no  74 

Total  axpetires  uf  operating  the  ruad 8,06931161 

Total  net  iaeome  above  operatlnf  expenses 757,419  IS 

Aaaeaat  paM  sthar  cumpaales  as  rest  for  nae  of  road aoo,9l6  00 

Nat  iDOOOia  above  Ihe  opaiating  expeasaa  aad  amoaal  paU  I6r 

reel  of  road . 

PaM  tor  laterest  and  Interest  tecraed. 

Balaaes  for  the  year,  degcit , 

Wettcrn  Union  '1  elegraph.— At  the  regular  quarterly  meeting 
of  the  Wealern  Union  directors,  the  report  given  below  was  read 

and    accepted.     The   Executive  Committee  submit  tbe  following 
fitatement  concerning  tbe  operations  of  tbe  Coiupany  for  tbe  car- 
runt  six  months: 
Thegraos  recelpu  fcr  Uie  qoaitcr  esded  l<optember  80, 


556,508  1* 

898,881  8B 
.SS6,8Sa«6 


.t«.<m.806  98 
l.7aS,6Sa4S 


Mttproflts. ....910t,U*« 


Capltsl  •tora  paid  In  aad  sctaally  rasllsid.... 

I>«M  llaMntlas /  

Kipeaae  fsr  coasi  rtti— 

Av>  n^  cast  of  isBsustilsa  pst  mU»,  •!•■•• 


ttn. 


*s5r.: 


cMutwao 
i.8n,«i«i» 


Taaal  HWHtty  a 

Hal  aMIItaB  to  pra  parly 


lof  theenoifaay. 
ace««M  tar  Ike  r 

I. 


*7.l 
•.ItM 


in 


ha  0ess  rseelpla  for  tbe  cnrreal  qoartar  ending  Dec 
M/bsL,  leaum^iac  tbe  I>«eaml>«r  baolnea*)  are  ..  t>.M6. 


160  96 
1,894,531  84 


Rstptotls. 


41 


Total! 

>ar>-lna  fsr  aril*  af  raatL 

TsMlfiMOM 

0|Nt«>ac  sapsaao* 

Opsraitag  aiptsui  p«r  mile.. 
Par  cam  of  cxpcaaea  la  lacoaa 
lamas  over  oprtaUat  ap 
PaMloa  r 
DIvh 


Mll-Min 

i.:«t.e«i  8i 

17,6HM 

71. tl 

•4«7,*M4* 

■i.4Mia 


mtMtt 
vmjm 

■L74MM 

•i,«tt 


teax  ftatchtSHTM 
rrei^     - 
A*sn«« 

AvwscafBlaof  sUnaassacsrs Mi* 

Avan«s  lau  bi<|bt  par  Ma 

EwtMn  BallnM4  tt  Uwm. 

Tb*  aonnal  report  of  the  Directors  to  tbe  Railroad 
tjemtn  far  th»  year  eading  October  80  waa  made  qoite  recently. 
Tb«  fallowing  I*  an  abatraet  of  tba  statiatical  rttanusa  pnbilahed 
In  th*  Boninn  .^ifasrttssr  : 

at  paid  la  •4,8(7,«00  W 

191400  00 
11.178.54:  fl 
ll,a*>.9«8  00 


Total  praais  for  Ike  half-year $1,181,781  90 

Tha  amount  required  for  two  quarterly  dividends  of  two  per 
eaat.  aaeh  Is  |l,S5i,300.  deducting  which  from  the  profits  for  the 
bnU-yaar  leaveaa  balanreof  ^lOLIMl  UO.  Deduc.  torfix  months' 
Intareat  on  the  bonded  debt  aud  for  sinking  innd  accruini;  during 
tha  Mm*  period,  |37fi.U00,  leavea  •  net  balance  of  $126,581  90. 
Tha  excess  of  net  profits  for  tbe  current  half-year  over  the  same 
panul   for   IK74  la  |&4,4.>1  48.     In  view  of  the  foresoing  etate- 

aMiMj  <i  4  '"*■'•■  'h'  Ktecotlve  Committee  recommend  the  adoption  by  the 

"  _.       Board  ol  Director*  of  tbe  following ; 
•JJ-U?  Ji  ,     MimhHi.  Tkal  a  dividend  ol  1  per  rent,  from  tbe  net  eamli'es  of  Ihe  three 

.  lii^  2    ■»«ka  aadlBc  Daeeaibar  81.  be  and  the  same  la  hereby  doclared  payable  on 

'••H-S  H    «k»  »•  ««y  of  Jaoaafjr  aait. 

,  ■**•"*  22  •     Jfaatot*.  Tbat  foe  tbe  parpeoa  M  sack  dividend  the  stock  hooka  be  eloaed 

:<SMIi  ?     *'  * O^tlxk  oa  tbe  aflercooa  ul  Iba  *Jtb  liisl.,  aud  be  rcupauad  on  Ihe  mom- 

'•••?•?■*•     tag  aflh«l7l*of  Jaaoary. 

Th«  Uoounlttee  alao  report  that  a  further  reAction  of  tha 
ezpanaaa  of  the  Coiupany  is  to  be  effected  by  carrying  out  a  plan 
racBwwandad  by  the  I'mident,  whereby  tbe  eompcnsation  pay- 
kbla  to  all  ofloara  and  employees  ol  the  Company  Is  to  be  reduced 
no  aid  after  the  flrst  day  of  January  on  a  alidintr  scale,  from  31 
to  S  per  cent.  Wn,M  vm  Oktojj,  President. 

This  propoaed  reduction  waa  approved  by  the  Board,  it  being 
explaint<l  that  the  percentage  of  rrauction  is  to  be  graded  accord- 
ing to  the  amount  of  salaries,  the  largest  salaries  having  the 
largeat  reduction. 


IR74. 
«M<MOoe 
8MM08  00 

8,1«i,t8tlO 


18,511  6t 
•«li,l4«78 

mt.mt» 

l.t«,M 

aHMMt* 
niiM.si* 


ar  par- 


"XiSii 


Oaeitti  Sleek 

raads«  dakt  sa  follewa : 
lat  Biintnut  baais  Wmn  Ralliead.  daa  UW 

Biafa  das  at  istlnas  dsts'.Cpsr  seat 

TetslswiaMaffBads<«ebi 

•Usfaais*  dskt.  taeaiwd  for  eoastractlon, 

cfcsas  sf  Biaasrtj 

(TafaaiatatMlacarTadforaay  oikar  spscial  perpose. 

Oikar  iskCs    cnrreal  credit  bafcBCea,  etc WCOVT  17 

TMd  debt  lUhlllUos M.83M0C  17 

1  o(  debt  llabllliles  aftsr  dadactlag  caab,  alaktag  faads  la 
I  af  Ifastaeob  aad  saeb  titarltlas  aad  debt  balaaesa  aa  do 

.'.'.'.'.'.'.'.'.".."..J.'.'.'..'.'.*.'.".'     l.tTT.tIir  Iff 

alboal  aotsa KOaa  00 

•Tfci*  lloat  Is  aal  10  ladada  batoaces  dae  etbar  roads,  aadslasd  divldaada. 
araaylfclMeaaaoctad  with  tbe  erdiaarr  oparatlona  of  Iba  read-  It  rofars 
eaif  10  dsMs  lacanad  for  paraaaaat  tavtafoBls. 

soar  ov  noan.  MiuiruBrr  avn  paoanmr. 
Tstalaveadadtar  coaolraetlon  «tt,««8,ni  M 

.„. t^majmn 


PU.MO00 
WIJMro 
kUtO 

Idl 


asanpnsoat  panMSMM 
Orasi  VfeNs  aad  Oaswaf  k 
Pertsaeatk  aad  Dovsrkal 


HMek  of  PxftJaad,  Oraal  rails  A  Oaaway  Ratlraad 

meckof  WaiAofaaflkBaUroad 

Moafc  of  be  am  aew  Baassblra  Balbead 

•leekofMslaeOaBMtltBUr'ad ... 

falbaaa  fslses  Car  Ossipsay 

Boada  ra  llsad.  Ofsat  FaUa  *  Ooaway  HaOrsad 

Advaaeas  to  Pectlsad,  Oraat  rails  A  Conway  Balinad.' 
Advarcaa  la  WoMbiaoagb  Baliroad 

^Cw  WflVB    •*■>*•     •*■•■     .*.(■■«••.■■-■•>«.•••     ■■•saaaaae 


iJSmio 

lt,tt«  N 

4  so 


tMl.. 


77 


OENERAI.   INVESTMENT    NEWS. 

AtUatJc  Mi«ala8lp|»l  t  Ohio.— The  Peieraburg  (Va.)  atar  of 
reeeat  date  aays  that  letters  just  received  from  Qeneral  Mahone 
give  Ihe  pleasant  Intelligence  that  ibe  Knglish  bondijul(l(*rs  have 
exhibited  the  most  liberal  disposition  to  accommodate  their 
demands  to  the  temporary  neceaaities  of  tbe  company.  The 
negotiations  so  far  have  been  uninterruptedly  successful,  and 
Ueneral  Mahone  writee  that  be  has  no  doubt  of  consummating 
bis  arraogtmenia,  aad  gaining  for  tbe  road  all  the  fort>earance 
for  which  tlte  dlraatory  asked. 

Chcaapeake  A  Oki*  Railroad.— A  comprehensive  plan  for  the 
puichaaa  aad  re-organisation  of  tbia  road  baa  just  been  prepared 
oy  tha  board  of  directors  aud  isf ued  from  tlie  office  ol  Measra. 
Fiah  4  Hatch.  Tb*  plan  is  approved  by  tbe  following-named 
geallamaa,  who  are  largely  interealed  in  the  first  mortgage  bonds 
and  othar  aeearitle*  of  the  company  :  Kichard  Irvin,  A.  A.  I./Ow, 
John  Caatree,  C.  M.  Fry,  C.  P.  Hnntinuton.  Wra.  ^Vliiiewright, 
Al«x.  Masterton,  l>aTid  Stewart,  Jonas  O.  Clark,  Charles  Burk- 
halter,  FUk  &  Hatch. 

In  oue  of  a  proposition  of  this  sort  for  tbe  r*  organisation  of  a 
tallioad,  two  principal  questions  present  themselves  to  bond- 
holder*—/liraf,  Will  this  plan  secure  to  u*  more  tlian  can  prob- 
ably be  got  out  of  the  property  under  any  other  practicable  plan  T 
Bteondlp,  Will  the  parties  p-oposing  the  plan  carry  it  out  with 
strict  integrity  according  to  its  terms?  With  these  question* 
confidently  answered  in  the  affirmative,  a  bondholder  will  not 
delay  in  givinir  his  aasent.  As  to  the  present  case,  we  think 
that  Measra.  Fiak  &  Hatch  and  their  assncialea  can,  and 
will, do  more  with  the  Chesapeake  &  Ohio  Ballroad  than  any  other 
paniaa,  aad  Utat  tb*/  wiU  carry  i>ttt  is  good  lailb  any  agiaemeat 


570 


THE  CHRONICLE. 


[December  11,  1875. 


made  lor  its  re-organization.  So  yreat  an  enterprise  as  tliis  rail- 
road could  hardly  liave  been  expected  to  go  eafely  through  the 
financial  storm  of  1873,  but  it  will  be  seen,  in  the  scheme  proposed, 
that  the  projectors  siill  have  entire  faith  in  the  aitlmate  success 
of  the  road,  based  upon  its  two  strong  points — that  it  is  a  short 
tbTough  route  to  the  sea,  and  has  immeuee  mineral  rejources  on 
its  line. 

The  following  is  from  the  ]>roposed  plan  : 

"  A  suit  tor  foreclosure  hnving  been  commenced  in  the  United 
States  t'ircuit  Court,  and  a  Receiver  having  been  appointed,  it 
wems  inevitable  that  a  foreclosure  of  tbe  mortgages  and  a  sale  of 
the  properly  must  now  lake  place ;  and  if  this  result  can  be 
secured  under  the  right  conditions,  it  is  obviously  for  the  best 
interest  of  all  concerned  that  it  should  be  consummated  as  early 
as  practicable.  Under  these  circumstances  it  will  be  necessary, 
in  order  to  prevent  a  sacrifice  of  the  property,  and  to  protect  the 
interests  ol  ihe  bondliolders  and  creditors,  that  they  should  them- 
selves be'-ome  the  purchasers,  under  a  suitable  plan  of  re-organ- 
izaticn." 

The  circular  says,  in  substance,  that  a  plan  of  re-organization 
should  embrace  tlie  following  : 

First.  Extend  the  privilege  of  participation  in  the  purchase  and 
reorganization  to  all  persona  now  interested,  strictly  regarding 
existing  priorities. 

Second.  Provide  necessary  meaus  for  improvements,  additional 
equipment,  &c.,  and  allow  time  for  the  development  of  its  business 
and  the  completion  of  its  connections,  by  adjusting  the  future 
payments  of  interest  on  the  debt  to  what  it  may  reasonably  be 
supposed  will  be  the  progress  of  its  al)ilty  to  meet  them. 

Third.  Secure  the  sale  and  purchase  of  all  the  property  and 
franchises  of  the  company  as  an  entirety,  and  make  an  equitable 
aijustment  between  the  existing  liens. 

PKESBNT  LIABILITIES   OF  THE  COMPANY. 

Mortg«Ke  bonds  of  tlic  Va.  Central  Railroad  Co.,  secured  on  por- 
tions of  the  road  between  Kichmond  and  Covinffton $l,31'',n00  00 

Pasl-dne  and  unpaid  intiTesl  tlicreon.  say llO.fOO  00 

Other  bonds  of  the  Va.  Central  Uailroad  Co.,  secured  by  charter..       ]87..'7S  90 

}*a8i-dut  and  unpaid  Im crest  iherA-on  say 'Si,i)0'J  00 

CheeapcHke  <fc  Ohio  6  per  cent  first  mortKajje  bonds,  inclndinjt 
those  hypoihecatei  as  collaterals  to  loans,  (coupons  funded 

bein;;  returned) 1.5,000.000  00 

Past-due  and  um  aid  interest  thereon  to  Nov.  1,1875 2,250,i;00  00 

Ch':sapeake  &  O'lio  7  per  cent  inort^jage  bonds $15,000,000 

Lots  remaiuing  in  the  hands  of  the  company 2.8B9,0O0 

Outstandinp,  includinp;  those  hypothecated  as  collateral  to  loans.  12,13), OlX)  00 

Par<t  du'' mid  uniMid  inteiest  thereou  to  July  1,  ;87S 1,693,:H0  00 

Coupon  fallinj;  due  threon  Jan.  1,  1876 424,585  00 

Uijsecurc  .  11  .atinj,' debt,  about 2,00(1.000  10 

Cauital  stock  issued 15,900,000  00 

The  following  analysis,  which  we  have  prepared  from  the 
extended  circular,  shows  the  proposed  issue  of  securities  in  the 
reorgitnized  company,  the  purposes  of  issue,  exchanges  for  present 
securiiy,  &c  : 

1.  Olfl  Virginia  Central  liens  to  remain  nnchangred $1,688,578 

8.  New  first  inorlgage  li  per  cent  told  bonds  to  bo  $17,000,000. 
Of  Ihi'se  to  be  sold  for  necessary  improvements,  expense-,  A;c.. . 
The  balance  (having  coupons  payable  first  three  years  in  1st  pre- 
ftrred  stock;  the  (ourth  year,  one-half  in  gold;  filth  ye&r,  t\»o- 
Ihiros  in  gold,  and  balance  for  each  of  thote  ye  rs  in  Istpref. 
stock,  and  subsequently  payable  in  full  in  gold)  to  be  issued 
thus,  viz.; 

In  exchange  for  90  per  cent  of  present  Ist  mortgage  bonds 

In  exc-'*ange  for  12><;        "'  "         2d  "  "     

3.  New  second  mortgiige  6  p.  c.  income  currency  bonds,  $10  000.000. 
Of  these  (having  coupons  payable  fl>  at  f ix  years  in  2d  pref .  stock, 

and  then  outs  of  net  income  above  Ist  mortgage  interest,  as 
follows:  Seventh  year,  2  per  c^i't  cash.!  in  2(1  pref.  stock, 
elghih  year.  4  per  cent  cash,  2  in  2d  pref.  stock,  and  Bubse- 
queutly  in  ful  in  cash),  there  will  be  issued— 

To  the  holders  of  present  Ist  mortgage  bonds  10  per  cent  of  their 
holdings 1.500,001 

To  the  holders  of  present  2d  mortgage  bonds  70  5  6  per  cent  of 
their  holding* 8,500,000 

4.  First  prtferred  7  per  cent  carrency  slock  $8,000,000. 
For  the  f  llowing  purposes : 

Overdue  iiiiere*^t  i-n  pr.sent  1st  mortgage  bonds  to  Nov.  1,  1875., 
Interest  in  full  or  in  part  on  tlD,Q00,UUO  new  1st  mortgage  bonds  to 

18H 

5.  Second  pref.  6  per  cent  cnrrency  stock,  (about)  $7,082,925. 
To  be  ij^hued  as  .oil  -wt- : 

For  10  2-)  per  cent  of  present  second  mortgage  bonds  2,fi(IO,000 

For  overdue  interest  on  present  second  mortgasre  bonds  to  Jan. 

1,  1876  ". 1.1«J.925 

For  interest  in  whole  or  in  pan  on  new  second  mortgage  bonds  to 
18rt  3,960,000 

6.  Common  stock,  $l,'i,'JOO.0OO. 
To  be  issued  as  follows : 

To  the  uuseciired  floating  debt  creditors  2,000,000 

Balance /);•(>  rata  to  present  stockholders la.MO.OOO 


2,000,000 


13,500,000 
1,.WO,000 


22,')o,ooa 

3,750,000 


Total  etockand  debt  when  re-orgar.ized $57,611,503 

Of  this  total  amount  only  the  $17,000,000  of  first  mortgage 
bonds  will  carry  an  absolute  obligation  to  pay  interest. 

— Another  plan  of  re-organization  has  been  Issued  by  Messrs. 
C.  L.  Perkins,  Jesse  Hoyt  and  L.  H.  Meyer,  as  a  cominitiee  of 
bondholders,  of  which  one  of  the  principal  features  is  the  reduc- 
tion of  tbe  present  $15,000,000  first  mortgage  bonds  to  $7,.500,OO0 
in  a  new  issue,  and  tbe  reservative  of  $2,.500,000  for  improvements. 
We  have  not  seen  a  copy  of  the  full  .scheme. 


Davenport  &  St,  Paul. — A  telegram  to  the  Chicaeo  Times 
says  :  No  ndveriisement  of  the  sale  ol  the  Davenport  &  St.  Paul 
Railroad  ha.s  yet  been  made,  nor  has  the  date  of  the  cale  yet  been 
fixed.  The  ciose  of  this  delay  is  the  misunderstanding  existing 
bei  ween  the  foreign  and  American  bondholders.  The  latter  bold 
hypothecated  bonds  for  debts  for  money  advanced  to  the  con- 
struction company.  Most  of  these  were  taken  at  a  large  discount. 
The  Americans  demand  the  full  face  value  of  their  bonds,  while 
the  foreign  bondholders  refuse  to  concede  to  them  more  than  the 
amount  of  their  debts  against  the  company.  There  is,  therefore, 
a  li*«-ly  quarrel  between  the  two  parties,  which,  it  is  not  expected. 


Lake  Superior  &  Mississippi. — A  report  that  the  trustees 
under  the  first  mortgage  had  taken  possessioj  of  the  road,  is  con- 
tradicted, l)y  authority,  by  the  St.  Paul  Pioneer- Preset,  which  says 
that  the  present  management  is  not  at  all  likely  to  be  disturbtd, 
as  it  meets  fully  with  the  approbation  of  bondholders. 

McinplliH  City  Bonds.— In  the  case  of  Bondholders  against  the 
Citj  of  Memphis,  the  Supreme  Court  of  Tennessee  has  decided — 
first,  that  the  $1,000,000  of  bonds  iRsued  by  Mayor  Leilwich  in 
1808  wan  legal,  but  the  excess,  $135,000,  wis  illegal,  as  he  was 
only  anthorizHil  to  issue  bonds  to  the  amount  of  $1,000,(X)0; 
secondly,  that,  though  the  bonds  had  been  sold  at  a  greater  dis- 
count than  six  per  cent,  the  transaction  was  neither  illegal  nor 
usurious,  and  the  city  can  neither  plead  usury  nor  scale  the  bonds; 
thirdly,  that  the  city  is  compelled  to  levy  taxes  to  pay  interest  on 
the  bonds  issued  prior  to  1875,  notwithstanding  the  new  charter 
limits  the  amount  to  be  levied. 

Nciv  Yorii  &  New    England    (Late    Boston    Hartford  & 
Erie.) — The  annual  meeting   of  stockholders  was  held  in  Boston 
this  week,  and  the    AdBerliner  of  that   city  reports  as    follows: 
Mr.  Wm.  T.  Hart,  the  president,   who  occupied   the   chair,   con- 
gratulated the  stockholders  upon  the  fact  that  this  was  the   first 
meeting  when  they  had  met  with  an  undisputed  possession  of  the 
road.     He  rend  a  few  statistics  of  the  earnings  of  the  road,  which 
have  already  been  published.     He  said  he  could  well  understand 
that  the  stockholders  were  diaapooinied  in  this  year's  results,  but 
they  should  remember  that  this  year  was  one  of  unusual  depression. 
There  was  one  matter  of  great  importance  to  the  road — the  neces- 
sity of  raising   money  to   take   up   the   underlying   debt,  which 
amounts  to  $4,000,000,  with  interest.     Two  millions  were  needed 
for  the  completion  of  the  road  to  the  Hudson   River.     Four   mil- 
lions more  would  be  needed  to  put  the  road  and  the  rolling  stock 
in  thorough  working  order.     The  new   bonds   of  the  road    were 
now  ready  and   for   sale.     The   officers  of   the   road    have   been 
expecting    to    negotiate   a   foreign    loan,   and    have  had   much 
encouragement  in  that  direction,  Ijut  they  think  the  better  way  is 
to  rely  on  home  capital.     A  subscription   of   twenty  per   cent   on 
the  capital   stock,  which  is  $30,000,000,  will  pay  off  the  debt,  and 
thirty  per  cent  will  pay  itoffan;?  complete  the  road  to  the  Hudson 
River. 

A  ballot  (or  directors  was  taken.  There  were  40,1.58  votes  cast, 
and  the  following-named  gentlemen  received  almost  a  unanimous 
vote  :  A.  W.  Beard,  of  Boston  ;  LeGrand  B.  Cannon,  of  New 
York ;  Charles  H.  Dalton,  ot  Boston ;  Charles  Dana,  of  New 
York  ;  Thomas  Dickson,  of  New  York ;  R.  Suydain  Grant,  of 
Providence  ;  William  T.  Hart,  of  Boston  ;  Edward  W.  Kinsley, 
of  Boston  ;  Frederick  J.  Kingsbury,  of  Waterbury,  Conn.;  Earl 
P.  Mason,  of  Boston;  George  M.  Rice,  of  Worcester;  John  F. 
Slater,  of  Norwich;  James  Y.  Smith,  of  Providence;  James 
Sturgis,  of  Boston. 

In  reply  to  an  inquiry,  Mr.  Cannon  said  that  there  can  be  no 
doubt  about  the  legal  right  of  the  company  to  secure  the  Hartford 
Providence  &  Fishkill  road. 

Mr.  George  W.  Baldwin  moved  the  ratification  by  this  meeting 
of  the  mortgage  (or  $',0,000,000  to  secure  the  issue  of  bonds 
authorized  at  the  last  annual  meeting,  which  was  passed. 

— A  reporl  from  Providence,  K.  I.,say8:  It  appears  that  two 
parties  claim  the  right  to  pay  the  bonds  and  redeem  tbe  mortgage 
on  the  Hartford  Providenc^e  &  Fishkill  Road,  January  1,  1875, 
namely,  the  New  York  &  New  England  Railroad  Company  and 
th«  old  stockholders  of  the  Hartford  Providence  and  Fishkill 
Company,  who  hold  the  proposed  transfer  of  the  road  to  the 
New  England  Company  to  be  invalid. 

— The  New  York  Evening  Express  says:  The  Supreme  Court, 
in  General  Term,  has  affirmed  the  liability  ot  the  Erie  Railway 
Company  to  pay  interest  on  tbe  $20.000,C00  of  Boston  Hartford  & 
Erie  Railroaci  bonds  guaranteed  by  it. 

North  Carolina  Finances.— The  suit  of  Aug.  Belmont  &  Co. 
ai^ainst  John  Reiiley,  State  Auditor,  to  compel  said  auditor  to 
reinstate  the  special  taxes,  levied  by  the  act  of  1868  and  1869  to  pay 
interest  on  special  tax  bonds  issued  in  aid  of  the  Western  North 
Carolina  Railroad,  on  the  tax  lists  (or  the  several  counties,  came 
up  in  the  United  States  Circuit  Court  at  Raleigh.  The  suit  was 
originally  brought  in  a  State  Court  and  was  removed  into  the 
United  States  Circuit  Coan  by  certiorari.  The  'motion  now  was  to 
remand  the  suit  to  the  State  Court  for  want  of  jurisdiction  in  the 
Circuit  (Jourt  This  motion  was  allowed,  the  court  deciding  that 
ths  suit  was  not  such  a  suit  over  which,  had  it  been  originally 
brought  in  the  Circuit  Court,  that  court  would  have  had  jurisdic- 
tion.    An  appeal  was  granted  toUnited  States  Supreme  Court. 

P.iciflc  of  Missouri.— St.  Louis,  Dec.  6.— In  the  United  Stales 
Circuit  Court,  today.  Judge  Treat  sitting  in  chambers,  J.  iJowman, 
attorney  for  certain  stockholders  of  the  Atlantic  &  Pacific  Rail- 
road Company,  filed  a  motion  to  discharge  the  Missouri  Pacific 
road  from  the  receivership  of  the  Atlantic  &  Pacific  road,  and  also 
a  motion  for  the  appointment  of  a  separate  receiver  for  tlie  Mis- 
souri Pacific  road. 

Sontliern  &  Atlantic  Telegraph  Company.— This  is  one  of 
the  only  three  companies  of  any  importance  now  operating 
independently  in  the  United  States.  The  annuil  election  of 
directors  wa.s  held  last  week  in  this  city ;  13,000  shares,  or  one- 
half  the  ontslanding  stock,  was  represented,  and  the  following 
directors  wete  elected:  Charles  W.  Blossom,  Henry  Hentz  Francis 
Morris,  Matthew  Maury,  Mayer  Lehman,  Chas.  M.  Fry,  Araerton 
Yale,  T.  T.  Bryce,  Phillip  Tabb,  Seth  B.  French,  Frederick  Zeregs, 
Ernest  Beyer,  B.  G.  Arnold,  Lucius  Hopkins,  Eckstein  Norten,  J. 
T.  Hauemann,  Henry  Morgan,  Wm.  Woodward,  jr.,  A.  B.  Graves, 
L.  M.  Calvocorressi,  Robt.  N.  Qourdin,  J.  B.  Lafitte,  J.  T.  Doswell, 
Johir  B.  Palmer,  F.  E  Stollenwerck,  John  W.  Durr,  C_H.  Strong, 


toward- the  sale  6t  the-road  will  be  taken 


will  be  settled  v?ry  Soon.    Until  a  compromise  is  tfTected  no  steps-  -OBo.-HrHazlfchurst,  W.  J.  Middleton,  W.  F.   Herring.,  The  com 


pany  has  applied  D.  Infreville's  system  of  duplex  telegraphy. 


Decemler  11,  1875] 


THE   CHRONICLE. 


671 


(rOMMEHCrAL  EPTTOME. 

I-TIIDAT  NlOHT.  Dec   10.   1875. 

There  have  been  maDjrdiatiirbiog  inOaenoea  ielt  in  the  markets 
for  merchandise  the  past  week.  The  anticipation  that  the 
Prcatdenl's  meesage  would  indicate  a  more  aclire  policy  in 
relation  to  Caban  affairs,  influenced  the  augu  market,  while  the 
proposition  to  restore  the  import  datj  on  tea  and  coffee  was  alao 
noticed,  thoogb  the  effect  waa  slight.  We  tiave  also  had  war 
rumors  from  Earope.  Speculation,  too,  in  Wertem  Maples  has 
been  rampant  in  the  Western  markets,  and  we  have  been  more 
Of  leaa  ander  their  control.  The  holiday  trade  has  occupied  the 
Mtantion  of  many  local  dealers.  Under  all  these  drcamitances 
there  is  naturally  a  disposition  to  await  developments  ;  to  see 
what  the  opening  of  the  new  year  will  bring  forth. 

The  speculation  in  lard  baa  been  towards  hi^er  prioM,  with  a 
larce  bnalnew  on  the  spot,  mainly  at  ISc  for  prime  city  and 
18  l-lQ(<i.l3ic.  for  prime  WeMem,  and  in  the  latter  (or  future 
deliTery  at  13  3  16c.  for  Janoary,  13  &-10c  for  February,  aod 
13  7- iSc  for  March.  Pork  haa  declined  on  the  apot,  but  ban  xold 
higher  lor  future  delivery  ;  mean  for  December  at  $.'1  35,  and 
for  February  at  |30  90.  Bacon  at  some  decline  was  mora  active, 
bat  a  recovery  o<  price*  cltecked  the  demand.  Western  long  aod 
short  dear  tog«ther  qooled  at  lie.  Cat  meats  have  liaea  drooping. 
Beef  in  good  demand  and  steady.  Batter  has  ruled  mora  steady- 
Ubaeaa  haa  been  drooping.  Tallow  haa  baaa  irregalar  and 
■■aattled.  To-day,  pork  waa  doll  and  daptaaaad.  Lard  decliued 
l-16e.  from  the  above  prices,  and  waa  qaiat,  with  other  hog 
prodaeta  favoring  buyen. 

Coffaes  have  l>een  doll  and  prieea  weak  ;  tha  atoeka  of  Kio  have 
bean  lacrraaed  to  139,018  bags  at  tliis  point,  130,795  bags  at  the 
Sonthem  ports,  and  87,900  bags  afloat  and  loading  for  the  raited 
■latea.  Mild  grades  have  been  fairly  active,  bat  close  da!l.  iUea 
haa  had  a  declining  Itndencr,  and  the  stock  ol  Rangoon  Is  increased 
to  9,300  bags  ;  there  is  also  a  large  stock  of  jjomestie.  MolatMs 
haa  been  more  active,  and  new  crop  domaalie  la  Bnnar.  Tees  have 
baaa  mors  active  and  prices  are  higher.  The  sala*  of  yi-ainnUy 
aaibnesd  18,000  bait  ehasts  of  varloas  qoalitlaa.  Spices  have 
heaa  withoat  ImporUnt  iranaacUoM.  Sagmis  have  been  duli 
aad  prieea  ara  drooping.  Stneka  have  beao  ledncad,  bat  the  aaiici 
tloaof  the  large  yield  of  I»aiaiaiia  sogers,  coming  upon  this 
■arhal,  or  lato  eompaiitioa  with  It.  haa  baea  fait  adversely. 

!.«• 

Kim 

<i 

KaMa^y  tobaeeo  haa  baao  la  baltar  danaad  aad  steady 
•I  7(g9e.  for  I  age  aad  10(>(:7e.  for  leaf;  the  salea  for  the 
wash  aaibra«»d  700  hbds.,  o(  which  000  war*  for  export  an'i  100 
lar  Bowaampttoa.  8ead  leaf  has  rolad  a  shade  lower  and  mod.-r- 
alaly  aeilve ;  the  salsa  aaibraae :  Ctop  of  1870,  SO  case*  Cxoomi 
cut  at  ^iSftc.:  crop  of  1878.  400  eaae*  do.  wrappers,  100  cases 
Wlatoa»la,  90  eases  Ohio,  on  private  terma;  crop  of  I87:t  aad 
1874,  800  eases  Peatisylvaaia,  on  private  terma ;  crop  of  1874.  170 
caaaa Ctanectlent,  at  7i''(8c. ,  and  V)  cases  New  Tork,  on  private 
tensa.  Spanish  tolaeeo  liaa  remaini-d  steady,  with  a  moderate 
hasloasa:  sale*  SSO  bales  lUvaoa  at  88c.(.i$l  1.5. 

The  Irmaeea  la  ocean  frslghuhaa  continued,  aad  some  further 
advaacaa  have  lieeo  obtaiard,  owloy  to  the  limited  supply  of 
room  aad  a  sletdy  deiraod  from  nearly  all  claaaes  of  shippers, 
ijtte  eangemeoi*  and  charters  include-  Oraln  to  Liverpool,  by 
stsam,  10i'il0)d.;    cotton,  7  I6d.:  provin''     -  cotioe,  by  sail, 

11  3Sd.:  floor  to   L«>o<lnn,  by   steam,  3«  r  sail,  3*.,  and 

glBia.9|d.:  grain  to  <ilas((ow,  by  st'ao.  .<'.'.,  ...  do.,  lo  Cork, 
lor  orders,  at  7s.  6d.  per  qr.;  do.  lo  Uloacaeier  at  7a.  H<\.:  reltned 
patroleam  to  Liverpool  and  London,  9a.  8d.;  do.  to  the  Continent, 
fle.  To-day.  there  was  a  moderate  busineaa  at  full  late  rates.' 
Orala  to  Liverpool,  by  steam  (lo  fill),  lOd.;  cotton,  |d.;  Ullow, 
by  sail.  8Sa.  Orala  to  Cork  for  orders  waa  nominally  7*.  M.;  caae 
Ml  to  AnoBfta,  89c,gold  ;  refined,  in  bhla.,  from  Philadelphia  to 
Antwerp  or  Bremen,  fia.  3d. 

That*  Is  nothing  of  Importance  golnir  on  In  th*  naval  store 
market ;  spirits  inrpentinn  qonted  at  88i<a37e.,  and  oommon  to 
gooa  stralaed  roalo.tl  70<.<lr|l  77).  In  petroleum  few  salen  have 
been  made,  oa  acoouot  of  the  dtmcolty  that  exptirtem  experience 
la  obtsininir  adequate  charter  room.  Crude,  in  bulk,  Tc;  do..  In 
bbls..  ISKf'tSle..  for  Rpot  and  all  December  delivery.  Inirot  cop- 
per ismalae  at  "  "  '*''  ,  cash,  for  Lake,  with  only  a  small  basi- 
naaa.  aibracii  ibs.  at  theae  fearea.    Clover  seed  baa 

sold  at  ISie.  p- :  .»key  cloeesat  fl  17. 

Llaasad  oil  haa  remained  steady,  with  a  (air  demand,  at  83tg63c. 
Onde  aperm  baa  roled  higher,  owing  to  the  Il^lit  supply  ;  lUrre 
hsve  bem  arrivals  at  New  Bedford  of  abont  2,500  bbls.,  most  of 
which  have  sold  (or  export,  aoppoaed  to  l>e  at  |l.f|0.  Menhaden 
flrmar  but  qaiat,  at  43-'3l''>c.  for  prime  Sound.  Hides  have  been 
la  lair  demand,  aad  about  steady  ,  dry  Montevideo  sold  at  20fe« 
gold,  4  BMntha,  aad  city  ulaa^rlit'-r  »i  0;c.  cnrr<-iiry.  Flnh  have 
vwdTqale^aad  aoehanged. 


.•siaesDecl 1^  l.Hi  a,*7l 

■ales  slac*  Uw.  I ftM  Utt  tt.m 

il>w.i,um ti.m  ntn  sini 

.Ami M.T17  tlt,M»  «.1M 


COTTON. 

Friday,  P.  M.,  Dec.  10.  1875. 
The  Movement  of  the  Crop,  as  indicated  by  our  telegrams 
from  the  Somh  to-night,  is  given  below.  For  the  week  ending 
this  evening  (December  10)  the  total  recoipta  have  reached  172,901 
balda,  against  ISi.CiSO  iiales  last  week,  183,164  bales  the  previous 
w«ek,  and  1S6.135  Iwlea  three  -weeks  since,  making  the  total 
receipts  since  the  Ist  of  September,  1875.  1,763,880  bales,  against 
1.633,421  bales  for  the  same  period  of  1874,  showing  au  increase 
since  Sept.  1.  1875,  of  ISO.IC'J  bales.  The  details  of  the  receipts 
for  this  week  (as  per  telegraph)  and  for  the  corresponding  weeks 
of  fire  previous  years  are  as  follows: 


B«c«l|»U  this  week  at— 

187ft. 

18.4. 

18  <S. 

1671 

1871. 

1870. 

N*w  Orlflftns 

•1.011 
17,Mi 
n.TTI 

m 
M,sa 

a,«7 
•i« 

UOli 

•at 

n.a» 

I,S1I 

ftS,l»« 

31.M0 

Ul 

I&»I8 

11.847 

CSl 

5.a» 

407 
I197S 
l«,07l 
1.417 

1».98S 
11.874 

ST.S45 

14.164 

1    

SS,44« 
II.S6S 

11.79I 

i8,sn 

7.158 

KOIS 
870 

1.038 

10.«7 

MS 

57,514 

JloMIe 

OharlestoB 

1)1,485 

I>onBo7al.*e . 

ftavananh    

...   f  "•" 
81,555      n.687 

'•••'♦  t  11  4U 
»1T  )       • 

14,583 
87,808 

ladUaula,  Ac 

7,<8< 

t.li8« 

580 

i.8:i 

U.48 

an 

t,noo 

160 

1.5S1 

11,701 

>.»7 

7,815 

flortda 

North  Carolina. 

107 
4,091 

Norfolk  

\  1S.879 

CMy  Point.  Ac 

Total  lUawask 

i-a.ni 

180.0W 

:78.8»7 

«J,t«l 

ia5,8S» 

151,311 

Total  ■Inrs  Sa^  1.... 

1           1 
i.i«i.«n  i.ia&4M  i,m.  :ai.t.«>i.*ti 

MS  OKI 

l.tJl.545 

The  exports  for  the  week  ending  this  evening  reach  a  total  of 
83,131  bales,  of  which  51,454  wore  to  Ureat  Britain,  4.657  to 
France,  aiyl  36,010  to  rest  of  the  Continent,  while  the  stocks  as 
made  np  this  evening  are  now  988,300  bales.  Below  are  the 
■tacks  and  exports  for  the  week,  and  also  for  the  corresponding 
week  of  last  season: 


WaskaadlBC 
Dm  la 

■xported  lo 

Total 

Same 

Stock. 

Oreat 
Brilaia. 

France 

Ooati- 
aoat. 

this 
week. 

weak 

1874. 

1875. 

1874. 

!««wOfl«aaa 

«,m 

>■.• 

•.8:8 

K,9I0 

39,848  llO.ffil 

i;t.9to 

>lo->Oe 

8.481 

.... 

4.844 

8.045 

5.187     4«  as3 

51,891 

<»ailM4aa. 

8,81? 

■  >•• 

8.880 

9.887 

10.513    54.101 

58,558 

.... 

s,aM 

•.017 

9,all 

38,0  7    81.813 

101.790 

Galvaatoo 

•.•I8 

!«• 

fjno 

8,001 

1,581    81.318 

881.018 

Nsw  Totk 

!  1.85a 

I.SH 

18.117 

10.8«  1I1,4M 

130.010 

Olhsrimrti* 

8.ao» 

... 

i.m 

4.910 

lO.OIS  '  5i.000 

58,000 

Tstal  tfclswceti.. 

81.404 

4,«87 

18,010 

<t,iti  1  n:.o.7  «i(>.aan 

«6i,T87 

1blal*lace)Wpl.l 

tnjm 

ltB.011 

tti-nt 

tn.a<i 

>8.457l        ... 

.... 

'  f^  espe  -u  Ula 

•eskaM 

•riheaa 

mi    t  ■• 

tj>««   »  •rt« 

*  ut-iu<ir  rr.Hu   Baltloiora 

ivataeoi  aatf  M  bale,  c  -                                   ■    lo  I.Wer- 

pMl ;  rram  Phi  ■MpUs  1,'WkalM  to  :  <>'•  lo  Llv- 

«rpa  l:tr«aiWllalapoat.sabalaito  >  .ttbalmo 
UtotvvoI  . 

lOr  ^*>'  telegram  from  New  Orleans  to-night  shows  that 
hsaidea  the  above  exports  the  amount  or  cotton  on  shipboard,  an  d 
•agaged  for  shipment  at  that  port,  is  as  follows:  For  Liverpool, 
Sl,n00  bales;  for  Havre,  80,000  bales;  for  Continent,  ;7,0(X)  bales;  for 
coastwise  porU,  500  bales;  total,  70,000  bales;  which,  if  deducted 
from  the  stock,  would  leave  134,000  bales  representing  the 
quantity  at  the  landing  and  in  preaaea  aasold  or  awaiting  orders.  J 

From  the  foregoing  statement  it  will  Ik<  seen  that,  compared 
with  the  eorreapoading  week  of  last  season,  there  is  a  cUerttu* 
in  the  PI  porta  thla  week  of  84,H98  bales,  while  the  stocks  to-night 
am  r.'. 'lis  bales  ssors  than  they  were  at  this  time  a  year  ago. 
The  felluwing  i*  onr  nsunl  table  showins  the  movement  of  cotton 
at  all  the  porta  from  Sept.  1  to  Dee.  3,  the  latest  mill  dates 


aauaii  is 

■sroaraD  uaoa  aapr.  1  to— 

Ooait- 

w'»e 

rOBTS. 

Oreat 

-          lOllierl       .   . 

Stoek. 

--.  _  - 

1175.    1     1874. 

BrtialD 

Praaeei 

,rorel'o 

1  TOUI. 

Porta. 

Jt.  OrlMo.. 

xi.tm 

8t7,8M 

118,851 

7»,<m   54,3SJ 

I'M.:!!!    55,755 

194,995 

MoMIs  .... 

l»JM 

180,884 

IS,«II 

1,181;     1.114 

4J.700 

53.113 

43,785 

OksrleM'a* 

119.481 

9tS,810 

48411 

MlM* 

18,011 

9iM8 

5;,357 

58,081 

■avaana. 

lBt.9tl 

8IMS7 

87,784 

I4,MS 

rj,»»o 

ll>.88l 

80,973 

71,957 

Oal>eMaa«. 

tii.in 

198.SI9 

48,010 

818 

*,r*\ 

80.117 

IO,SO« 

80^858 

Mew  Tot  . 

SS.889 

«0,71! 

110.418, 

l,8« 

30,0» 

151,100 

.... 

lOlllS 

riorMa...  . 

4,943 

5.184 

.... 

4,9M 

.... 

N-Oarollaa 

4MM 

40,18* 

8.778 

8.778 

1I,5M 

:,068 

Hetfolk*.. 

ni.OM 

in,aM 

81,908 

1,817 

.... 

83,715 

183,117 

19,810 

Other  pert* 

n,ui 

u,ao5 

8I.9«0 

KM 

8I,8M 

15,000 

Tec  this  ]rr. 

i.oM.ies 

488,0117 

110,14 

191341 

7S.I-.IH 

•ts.tei 

54«.k98|  tlLUl 

Tat  las*  yr. 

l.4&l,«a 

871.litol 

•  I.S-H 

71'.4l'l 

.M9.a'M)l  cae«ii7 

-  W.OTT  *um  ^vmKM  vt     ywri— .M..  ,■  *wu«im..w  ■  vi  .    >H.^ai,     ^..^    SU'lSf  tt  0    Itflftu   Of 

Bttlwrt—  U  Incmleil  f iwWanOia.  a«  ;  iu>4«r  tbf  br«(t  o(  XarnU  u  lnclod«l  City 
Point  ae. 

These  mail  returns  do  not  correspond  precisely  with  the  total  of 
tbs  teKgniphic  figures,  bnoaasn  in  preparing  tuem  it  is  always 
aaeeasary  lo  incorporate  every  correction  made  at  the  porta. 

Thi  market  for  oolton  on  the  spot  ofMined  the  WMk  with  consid- 
erable hnoyaney  of  feeling,  espaeially  In  the  better  gradea,  wbiclt 


672 


THE  CHRONICLE 


[December  11,  1376 


11  i-is 

11  9-18 
it  6-16 
IS  11-16 
13X 
13  5-16 
13  7  16 
13  11-18 

13  15-16 

14  5-16 

15  5-16 


Dec.  8. 

Uplands.     Orleans. 


»re  becoming  comparatively  scarce,  owing  to  the  poorer  quality  of 
the  receipts.  Quotations  were  on  Monday  revifed,  good  middlini;, 
strict  good  middling  and  middling  fair  being  advanced  ^c;  low 
middling,  strict  low  middling  and  middling  advanced  l-16c.,  and 
other  grades  were  unchanged.  On  Tuesday  and  Wednesday, 
each,  a  further  and  general  advance  of  l-16c.  was  rocorded  ;  and 
there  was  a  large  buaine.is  for  oxport  and  conRumption,  with 
conaiderablo  .speculation.  But  the  advance  of  Wednesday  checked 
the  demand,  as  well  as  led  to  increased  ofTerings  on  sale,  which 
caused  a  weak  closing.  On  Thursday,  an  active  Liverpool 
market,  and  a  better  report  from  Havre,  caused  some  revival  of 
tone  with  us,  but  there  was  no  farther  advance.  The  improve- 
ment which  is  above  recorded  cannot  be  ascribed  to  any  special 
influences;  it  is  due  to  a  general  recovery  of  confidence  in  the 
future  of  the  market ;  the  belief  tbat,  even  with  a  considerable 
crop,  prices  are  now  low,  and  are  much  more  likely  to  advance 
than  decline.  The  following  will  compare  prices  for  t'plands  on 
two  dates,  which  will  exhibit  the  extent  and  nature  of  the  recent 
jrevisioDS  of  quotations  : 

COMFARATIVE  FRIOES  OP  COTTOK, 

. Nov.  30. 

Uplands.    Orleans. 

Ordinary 11 

Strict  Ordinary 11;^ 

Good  Ordinary 12)^ 

Strict  Good  Ordinary \i)( 

Low  Middling  IS  18-16 

Strict  Low  Middling IS 

TMiddliiig ISii 

Good  Jliddlins 18X 

Strict  Good  Middling 18X 

Middling  hair 14 

Fair 15 

Today,  the  market  was  quiet  and  unchanged.  For  future  de- 
livery, there  was  a  considerable  advance  on  Tuesday,  to  be  lost, 
"With  as  little  apparent  reason,  on  Wednesday.  Yesterday,  there 
■was  some  recovery,  on  the  improvement  in  later  arrivals  at  Liv- 
«rpool,  but  without  much  activity.  To-day,  the  market  opened 
•dull,  but  closed  a  sbade  firmer.  After  'Change,  there  were  sales 
*t  13  7  32o.  for  December,  13  5-lCc.  for  January,  ISJc.  for  Feb- 
ruary, 14  5-32c.  for  May,  and  14  ll-33c.  tor  June. 

The  total  sales  for  forward  delivery  for  the  week  are  100,500 

bales,  including free  on  board.     For  immediate  delivery  the 

total  sales  fool  up  this  week  14.G03  bales,  including  7,014  for  ex- 
port, y,7G8  for  consumption,  3,330  for  speculation,  and  900  in 
transit.  Of  the  above,  800  bales  were  to  arrive.  The  following 
are  the  closing  quotations  : 


II 
nv 
12V 
12X 

12  13-18 

13  1-16 
18V 

na 

13Ji 
UX 
UK 


11 
11>* 

UX 
liH 
13  1-16 
13  5-16 
13  7-16 
13J< 
>4)i 
UK 
15H 


New  Claasiflcation. 


Ordinary per  ft. 

Strict  Ordinary 

OoodUrdlnary   

Strict  Good  Ordinary.... 

LowMlddllni 

Strict  Low  Middling 

Middling 

Bood  Middling 

Strict  Good  Middling 

Middling  Fair 7. 

Fair 


Uplands. 


1!       •... 

<.iH    a... 

.2i(      ®... 
12H      @  .. 

la  i»-i6a.. 

13  :-l6a... 
■.3X      ®... 


18X 
15X 


®.. 


Alabama. 


II      a.... 

UX  ®.... 
I2¥  ®.... 
US  <».... 
li  15-16®... 

13  i-16® 

ViH      «.... 

'^a  a.... 
-■•t     a 

tiH     » 

5X      ® 


New 
Orleans. 


U 

IIX 
12!» 
12X 

13  i-ie 

13  5-16 
13  T-16 

13« 


«... 

a... 
a... 
a.... 


asi     ®... 

UX         B... 

13  1-16  ®... 
:s  5-16  @. . . 
13  7- '.6  ®. . . 


I4X 
UX 
15Ji 


m... 
a... 
a... 


STMNKD. 

Good  Ordinary !!»<  i  Low  Middling 12  7-16 

Strict  Good  Ordlpai-y  !iX  i  Middling n^ 

Below  we  trive  the  sales  ot  spot  and   transit  cotton  and  price  of 
UplandiM  tbis  market  each  day  of  the  past  week  : 


Now 
Classlflcatlon. 


Con-  Spec   Tran. 
Kxp't.  snmp.  ula'D     elt. 


Baturrtdj  

651 

Monday 

1,185 

ruesday 

S,B77 

Wedncsdaj.... 

1,S55 

Thursday 

jse 

Krlday 

790 

Total 

7,614 

134 

796 

1,350 

;:si 

■Xi 


3.763 


37 
616 
lUO 

-0 
6'i8 
Hi 


2,3-.'0 


1,063 
2,5'5 
8,5  JS 
3,27i 
2,ai5 
1,921 


11,802 


(^ood      Low 
Ord'ry  OrdTy.  Mldl'g. 


I  OK 
10  10-16 
11 
11 
U 


12 
12 
12  1-16 

12M 

im 


12X 
12  11-16 
12J^ 
12  13-;6 
12  18-16 
12  13-16 


Mid. 
dllng 

13  1-16 
13X 
13  8-16 

n\ 


For  forward  delivery  the  sales  (including  free  on  board, 

have  reached  during  the  week  100,500  bales  (all  middling  or  on 
the  basis  of  middling),  and  the  following  is  a  statement  of  the 
•ales  and  prices 


For  December. 


kalea. 
IPO  B.  n.. 

MO 

500 

1,200 

1,200 

4,700 

8,000 

100 : 


cu. 
j 13  1-16 
..13  3-32 

13X 

..13  3-16 
..13  7-3 J 

'.".is  9-3J 


11,«00  total  Dec. 

For  January. 

2IXJ 13K 

8,600 ...,13  5-3i 

1,600 13  S-16 

1,400 13  7-32 

2,800 .;-3X 

4.800 W  9.;C 

5,700 H  5-16 

1,700 13  U-S2 


For  February, 
bales. 


1,100.... 

1,900 

1,300 

1,0U0 

5,400.... 
6.000 


Ct«. 
...13  5-16 
..13  11-82 
..  ..  13H 
..13  \m 
...13  7-16 
IJ  l.'5-32 


2,300 13X 

19.003  total  Feb. 

For  Marcb. 

500 13X 

i,.T00 13  17-3^ 

3'JO 13  IMS 

1,1110 13  :9-32 

SOO \S% 

S,?OC 13  21-82 

7.«00 13  11-16 

3,200 13S3.3; 


For  April, 
bales.  cts. 

1,300 !3  23-32 

1,800  I3V 

1,600 13  25-S2 

600 13  13-16 

1,500 13  21-32 

5.200 13« 

8,900 13  2iSJ 

I'jO 13  15-16 

16,000  total  April. 

For  May 

SOO 13  15-16 

500 18  31-32 

1,300 14 

200 ]«  1-32 

200 14  1-16 

l,8fO 14  8-32 

1,900 14H 

600 14  5S5 


ctn. 


For  Jane 
bales. 

100 UX 

6a) II  5-S 

400 11  8-16 

100 11  7-3i 

900 UJ,- 

400 U  %Si 

1,500    1!  5-16 

4,000  total  June. 


For  July. 

200 14  9-3J 

500 14  13-22 

900 14  7-16 

1,600  toUl  July. 
For  August. 


2i,030  total  Jan.  13,500  to' al  March.       7,0C0  total  May.       |      BOO l\v. 

Til"  following  will  show  spot  quotations  and  the  dosing  prices 
bid  lor  futures  at  the  several  dates  named: 


On  spot 

December 

January 

February 

March 

April 

May.. 

June 

July       

AllKllRt 

Bales  spot 

liales  future... 

Sold 

KlchtPga 


HIDDLIN' 

Frl. 
IS  1-16 

13  1-16 
18  5-3J 
IS  11-32 
18  17-32 
13X 

18  1V16 

I'X 

'■l>i 

14  11-82 
3,0  U 
10,  WO 
114  Y 
4.8J 


O  UPLANDS— iMIBIOAN  OLASSiriOATIOK. 


Sat. 

!3  1-16 
13  1-16 
13  5-»2 
IS  11-32 

13  l;-i2 
13X 

IS  15-16 

14  11-32 
14  5-16 
1.051 
13.30!l 

nm 


Mon. 
ISX 
13  Mi 

13  7-3J 

11  li-n 

13  2.5-3! 

13  ai-32 
II  3- '.6 

14  S-  6 
II  13-82 
2.53-1 
9.600 
WH 


Tues. 

Wed. 

Tburs. 

13  3-16 

K% 

18  S-I6 

13  7-32 

18  5-32 

13  5-16 

vnK 

13  vis 

13  15-32 

13  13-32 

13  15  82 

13  11-16 

13« 

IS  11-16 

V,  29- S' 

13  13-16 

13  ■;9-32 

11  .3-3; 

14 

14  3-32 

11  »-.i'! 

11  8-16 

14  5-1 « 

14  7-1 . 

U  11-32 

14  7-16 

11  n-33 

U  13-32 

14  17-32 

s..5-:a 

3.215 

2.!8-. 

20.1,10 

10.51)0 

14.900 

i:^^ 

1!^^ 

114X 

Frl. 
ISV 
13  3-16 
13  9-3; 
">; 

,13  lA-Sl 

13  15-16 

14  5-3! 
14  11-32 
IIX 

14  1I-16 
1.911 
11.400 
11«H 


The  Visible  Supply  op  Cotton,  as  made  up  by  cable  and 
telegraph,  is  as  follows.  The  continental  stocks  are  the  figures 
oMast  Saturday,  but  the  totals  for  Great  Britain  and  the  afloat 
for  the  Continent  are  this  week's  returns,  and  consequently 
brought  down  to  Thumday  evening;  hence,  to  make  the  totals  the 
complete  figures  for  to  night  (Dec.  10),  wo  add  the  item  of  exports 
from  the  United  States,  including  in  it  the  exports  of  Friday  only: 

1875.  1874.  1873.  1372. 

Stock  at  Liverpool 4S4,000  520,000  468,000  365,000 

Stock  at  London ., 65,230  111,250  178,000  316,000 

Total  Great  Britain  stock 539,250  631,250  646.0C0  581,000 

StockatHavre 173,000  111,000  81,730  836,00« 

Stock  at  Maraeillcs 8,000  9,000  10,250  13,000 

Stock  at  Barcelona 52,000  49,000  17,750  25,000 

Stock  at  Hamburg 16,C00  12,500  15,000  85,000 

Stock  at  Bremen 28,750  28,750  23,750  .32,000 

Stock  at  Amsterdam ...  51,250  T7,750  83,250  54,000 

Stock  at  Rotterdam lO.OCO  17,750  22,250  11,0W 

Stock  at  Antwerp 5,730  4,500  13,500  34,000 

Stockat  other  continental  port!-..  6,250  21,000  27,000  43,000 

Total  continental  ports 345,000  331,250  294,500  483,000 


Total  European  stocks 881,230  963,500  940,500  1,064,000 

Indiacottonafloat  for  Europe....  160,000  146,000  151,003  129,0.^0 

American  cotton  afloat  for  Kurope  575,000  436,000  319,000  312,000 

Egypt,  Brazil,  &c.,aaoatforK'rope     63,000  68,000            80,000  85.000 

Stock  In  United  States  ports 668,306  655,787  525,461  474,625 

Stock  In  U.  S.  interior  porta 103,923  135,157  105,905  73,780 

United  States  exports  to-day 16,000  22,000            12,000  8,00  0 


Total  visible  supply. .  ..b3les.2,470,479  2,165,444  2,133,866  2,151,405 

or  the  above,  the  totals  or  American  and  other  descriptions  are  ae  follows: 
American— 

Liverpool  stock 162,000  1.33,000  83,000  54,000 

Continental  stocks 132,000  119,000  79,000  86,000 

American  afloat  to  Europe 575,000  436,000  319,000  312,000 

Utited  States  stock 668,303  655,737  3!5,461  474,626 

United  States  interior  stocks 103,923  135,157  105,9(>5  78,780 

United  Stotes  expoitB  to-day 16.000  22,000  12,000  8,000 

Total  American b«le8,l,657,229  1,555,911  1,121,356  1,013,405 

Bast  Indian,  Brcail,  Ac.— 

Liverpool  stock 322,000  382,000  385,000  311,000 

London  stock 65,450  111,230  173,000  216,000 

Continental  stocks 213,000  212,230  215,500  397,000 

India  afloat  for  Europe.' 160,009  116.000  161,000  123,0  0 

Egypt,  Brazil,  &c.,  afloat 63,000  53,000  80,000  85,000 

Total  East  India,  Ac 813,230  90.0.500        1,0)9,500       l,1.3'5,OO0 

Total  American 1,657,229       l,5,'i5,944        1,124,:)66       1,013,400 

Totalvlslble  supply. ...bales.2,470,479       2,405,414       2,133,566       2,151,405 
Price  Middling  Uplands.  Li verp'l.  6  15-16d.    7«@7>^d.        SXd.  lOXd. 

These  figures  indicate  an  increasi  in  the  cotton  in  sight  to-night 
of  5,035  bales  as  compared  with  the  same  date  of  1874,  an 
increase  of  336,613  bales  as  compared  with  the  corresponding  data 
of  1873,  and  an  inorease  of  319,074  bales  as  comp.xred  with  1873. 

At  the  Intekior  Pouts  the  movement — that  is  the  receipts 
and  shipments  for  the  week  and  stock  to-night,  and  for  the 
corresponding  week  of  1874 — ia  set  out  in  detail  in  the  following 
statement : 


Week  en 

iing  Dec.  1 

C,  1815, 

Week  ending  Dec.  11,  1974. 

Receipts. 

Shipments. 

Stock. 

Receipts. 

Shipments. 

Stock. 

Anrasta,  Ga 

Coiumbns,  Ga 

9,363 
2,456 
2.074 
8,2-1 
4,053 
27,170 
3,072 

9,207 
2,711 
2.(Mi 
4,134 
3,105 
8n,85v 
2,337 

1H.S80 
9.466 
7,747 
9.5«( 
7.8-6 

48,971 
8,4-39 

11,016 
4,180 
4.268 
4.456 
4,340 

2tl,077 
4,014 

8,145 
3.295 
2,051 
3,088 
3,340 
14,921 
2,07J 

23,312 
10,381 
14,145 

Montgomery,  Ala  . . 

Selma  Ali             ... 

9.8.7 
9  593 

Memphis,  Tenn 

Nashville,  Tenn 

67.092 
12,747 

Total,  old  porta. 

Shreveport.  La 

Vicksb'ir,  Miss 

Columbus.  Miss 

Eufaula,  Ala 

52,069 

3,608 
3.429 
1,810 
l.S',6 
2.359 
1,271 
12,191 
8,401 

44,812 

2.1S2 
3,649 
1,436 
1.715 
3,297 
1,2!6 
9,217 
6.541 

103,923 

7,171 
1.747 
2,543 
.3,681 
3.116 
419 
15  242 
3,141 

61,160 

4818 
2,163 
1,632 
1,724 
4,647 
1,4^6 
9  650 
7,324 

36,866 

3,238 
1,960 
1,513 
1,392 
3,605 
1,359 
6,422 
5  514 

133,U7 

8.862 
1,741 
1,865 
2.986 
4  441 

Charlotte,  N.  C.  ... 

St.  Loms,  Mo 

Cincinnati,  0 

1,104 
25  001 
10,027 

Total,  new  ports 

•;4,926 

29,273 

42,023 

33,3  !9 
85,509 

25  003 
fil869 

55,533 

Total,  all 

86,995 

74.086 

113.943 

K0  6S0 

The  above  titais  show  tint  the  old  interior  stocks  have 
increased  during  the  week  7,357  bales,  and  a''e  to-night  31,234 
bales  iess  than  at  the  same  periol  last  year.  The  receipts  have 
been  91  bales  leis  thin  the  same  week  last  year. 

Bombay  SarpMKNTS  — According  to  our  cable  despatch  received 
to-day,  there  have  been  5,000  bales  shipped  from  Bombay  to  Great 
Britain  the  past  two  weeks,  and  13,000  bales  to  the  Continent  ; 
while  the  receipts  at  Bombay  during  this  week  have  been 
10,000  bales.  The  movement  since  the  Ist  of  January  is  as  follows 
These  are  the  figuies  of  W.  Nicol  &  Co.,  of  Bombay,  and  are 
brought  down  to  Thursday,  Dec.  9  : 

^Shipments  since  J  an.  I—, 
Grt^at  Ccii- 
Untflin.  tinent.  Total. 
788.C(X)  441.Cl'0  1,')85.000 
821,000  3'>(i,000  1,240,000 
724,000    212.000      93t.000 


1875,.. 
1874... 
1878.    . 


^Stilpmenrs  this  wcek^ 
Great       t^n- 

Brlt.aln,    tinent.    Total. 
.     6.000*    18,000»     18,00C* 
.      1,000       11.000       12,000 
.     5,000        .\000       10,OCO 


, — Receipts. — ^ 
Tills  Since 

wt'ek.  Jan.i. 
10,000  1,279,000 
11,000  1,270,000 
11,000     1,001,000 


•  These  are  the  exports  for  the  last  two  weeks. 

From  the   foregoing  it   would  appear  that,  compared  with  last 
jeat,  tbere^  ie  »b  inorease  of  6,000  baleg  this  yeu  in  the  week'* 


I 


December  11,  1876  ] 


THE   CHRONICLE. 


573 


•hlpmenta  from  Bombay  to  Europe,  and  that  the  total  moTement 
aiDca  Janoarjr  1  aboirfl  an  inereau  io  shipmentti  of  13  000  bales 
eompAred  with  the  eorreaponding  period  of  1374. 

VS  KATBEK  REroRT8  BT  IrLHonxrH.— The  weather  haa  aliown 
■ome  improTemeot  the  past  week  over  a  very  conaiderable  portion 
of  th«  Sootb,  and  yet  there  have  been  rainy  daya  almoat  every- 
wImi*.  Good  dry  picking  weather  ia  very  deeirable  now, 
*«pt<dklly  In  the  Southnestein  and  Oalf  Suteg,  in  uianr  (>ortionB 
of  which  there  are  still  large  quantities  of  cotton  yet  in  ilie  fitldg. 
Our  Vickaburg  correnpondent  indicates  how  important  fjood 
weather  ia  for  that  section,  and  what  he  aaya  of  Vicksburg  is 
troe  of  many  other  points. 

Onr  readers  will  find  below  the  Ao^sta  and  Xaihville  Cotton 
E^efaaage  crop  reports. 

OmtvutVH,  Texat. —  We  have  had  rain  on  three  days.  One  day 
it  rained  hard  and  two  days  were  ahowery.  Picking  ia  reurded 
by  the  bad  weather,  but  is  now  approaching  completion  every. 
where.  The  roads  are  still  Iwd.  though  improving.  The  bad 
roads  are  the  cause  of  the  small  receipts  this  week.  loe  formed 
this  week  over  ibe  greater  part  of  the  Stale,  but  frost  haa  ceased 
to  b«  of  any  importance.  The  rainfall  has  reached  two  inches 
aad  ■areateen-hundredths.and  the  thermometer  has  averaged  (il, 
the  hl^haM  beiag  70  aad  the  lowest  40. 

Indianela,  Ttmu. — There  have  been  two  showerr  days  here 
this  week  and  one  day  when  it  rained  hard.  We  bad  a  killing 
frost  on  one  night,  bnt  frost  has  come  so  late  that  virtnally  it  did 


age.  Injury  has,  however,  been  done  by  the  rain.  Tliu 
rainfall  this  week  waa  one  inch  aod  (ortr-Sve-bnadredtha.  Tlip 
thermometer  haa  averaged  83,  the  highest  being  71  and  the 
lowcMtt. 

Ctrtttnm,  IVmjl— It  haa  rained  a  driialing  kind  of  rain  im 
tkiM  days  this  week.  Uo  two  nishts  ice  formed  in  this  vicinity. 
The  bad  weather  haa  delayed  picking,  but  in  thia  neighborhood 
It  Is  now  nearly  finished.  The  rainfall  has  reached  twentv  eight- 
bondrsdths  of  an  inch,  and  the  thermometer  has  averaged  SO,  the 
kiahsst  being  73  and  the  lowest  30. 

Jfns  OrUana,  ^MtMono.— We  bad  rain  on  two  days  of  the  past 
week,  the  rainfall  raaebinc  four  inches  and  fiftv-*ix  hundredths  ; 
th«  thermometer  avsiaged  57.  We  had  two  white  frosts  during 
the  week. 

hknttptrt,  Z^viiiMM.— It  waa  rainy  here  on  Saturday  last,  the 
rainfall  for  the  week  reaching  one  inch  and  four  hundredths. 
The  weather  since  Monday  haa  l>een  fine  for  picking.  KeceipU 
•r*  oa  the  inercas*.    Average  thermometer   fur  the  week  oi. 


MclMt  W  aiid  lowaat  35. 

VieiAmrt,  MMmippL—TUin  fell  on  two  days  of  the  past 
the  rainfsll  aggregating  one  inch  and  fifty  two  hondrcaths.   Rain 


now  ia  very  damaging,  lor  we  have  grown  a  large  crop  In  this 
vicinity,  and  the  only  qneetion  has  been,  can  we  gather  it?  On 
an  average  there  are  about  100  picking  days  here  op  to  Christmas. 
This  year  we  had  lost,  op  to  December  1,  flitceo  or  twenty  days 
mora  than  last  ytar.  The  tendency  of  this  rain  is  al>o  to  rot  the 
bolls  and  make  moeh  drop  on  the  ground.  Nrarly  all  cotton 
picked  afUr  Deesmber  1  ia  likely  to  be  extremely  lAw  grade.  At 
thia  lime,  we  think  it  very  doobtful  what  will  be  the  extent  of 
the  yield.  Toor  Ocotgi*  Mend  ia  right ;  nu  one  can  tell  until  it 
ia  boasad.  The  ikcnMOMter  this  week  has  averaged  53,  the 
hMMM  baiac  01  and  tba  lowest  43. 

JMmmtMt.Mismmifpi.—'nf  weather  thU  week  hsa  been  warm, 
sohry  aad  wet,  bat  we  have  had  two  killing  frosts.  It  was 
showery  every  day.  the  rainfall  rrachiog  a  total  of  seventy.two 
hondrrdths  of  an  inch.  The  thermometer  haa  averaged  50.  the 
hlgbssl  poiBt  reached  batlurW  and  the  lowest  51. 

ZtMb  Btek,  .itrikoiMaa.— The  past  week  waa  cloudy  and  damp, 
oatll  Thorsday  morning,  when  we  had  a  slight  fall  ol  snow. 
Since  Ibea  the  weather  haa  been  clear  and  r  leasant.  The  ther- 
■MMieter  baa  avenged  doriag  tbe  week  iS.  ranging  from  81  to 
60.  The  rainfall  bee  reached  a  total  of  forty  six  hundredths  of 
aa  Incb.    The  cotloa  BOTement  is  very  heavy. 

A'asAmUt,  7*tnu»t*. — The  thermometer  during  the  past  week 
has  averaged  44.  Tbe  rainfall  for  tbe  week  was  twenty  hun- 
dredths of  an  inch. 

Tbe  Cotton  Exchange  crop  report  has  Juat  been  lasned.  It  gives 
resolla  as  follows:  TthntMM  (Naahville  district).— Six  cone- 
spoadeats  report  the  weather  more  favorable  thaa  last  year,  five 
the  tame,  and  elevsa  leaa^avorable.  Eight  report  tbree-fourtlis 
of  crop  gsthered,  fifteen  report  seven  eighths  gathered  ;  the 
whole  will  be  picked  within  the  nest  ten  data.  Nine  report  that 
tbe  yield  will  be  from  10  to  25  per  sent,  leas  than  last  year,  five 
make  It  83  per  crnt.  less,  and  six  make  It  50  per  cent.  less. 
AUA»m»  (Nashville  section).— Three  eorreepoodenu  rtport  tbe 
weather  same  aa  last  rear,  and  twenty -ore  report  it  leas  favor- 
able oa  aeeoont  ol  the  rains.  Three  report  twotblrds  picked. 
elabtaea  report  three  fonrths,  aad  foar  report  all  gathered.  All 
will  be  picked  by  tbe  15ib  or  90th  of  December.  The  average 
of  all  repliee  makee  the  yieM  in  North  Alabama  this  year  83 
per  cent,  lesa  than  last  year. 

MtmphU.  Ttnntutt.—Wa  have  had  three  rainy  days  thia  week, 
tbe  ralnlall  reachloa  forty-aeveo  hundredths  of  an  inch  ;  the  rest 
of  tbe  week  was  cloudy.  Avarsge  thermometer  48,  highest  .^ 
aad  lowsM  44. 

MtMU,  Alahtma.—U  rained  severely  on  two  days  the  early 
part  of  the  week,  but  the  latter  part  waa  clear  and  cold.  There 
were  hilling  frosta  on  Toesday,  Wedneaday  and  Thorsday 
nights.  Our  first  killing  frost  last  year  waa  on  November  2d. 
Tbe  thermometer  bas  averared  54,  ranging  from  88  to  00.  and  tbe 
rainfall  bas  rsached  one  and  rixty -seven  boodredihs  inches. 

MtmtgomtTf,  Alabama.— Thm  fir»t  six  days  of  tbe  week  were 
rainr,  the  rainfsll  rcaeblDvooe  ir.ch  and  forty  hundredths.  There 
were  two  killing  froela  (Turing  the  week,  and  Ice  fomaed  each 
Bight.  -  The  tbememeler'has  averaged  49,  the  hLiheat  beiar  65 
and  the  lowest  84.  -•  a 


Mma,  Alabama. — There  were  two  rainy  days  here  the  past 
week,  the  rainlall  reaching  sixiy-!ive  hundredths  of  an  Inch,  and 
two  heavy  frosts.    Tbe  thermometer  has  averaged  51. 

Madimn,  Florida — We  had  three  rainy  days  tbe  early  part  o( 
the  week,  the  rainfall  reacliing  one  and  fifty  Luuilredlbs  luches. 
The  tbermomeier  has  averaged  55,  tlie  highest  being  00  and  tbe 
loweat  44.  We  liad  a  frost  this  week,  bat  not  a  killing  frost. 
The  top  crop  is  poor. 

Maeon,  Otorgia. — There  waa  one  rainy  day  at  thia  point  the 
paat  week.  Tlie  thermometer  has  averaged  47,  the  highest  being 
66  and  tbe  lowest  33.  The  rainfall  for  the  month  of  November 
reached  a  total  of  four  inches  and  forty-eight  hundredths. 

AtUnUa,  Georgia. — It  was  showery  here  on  four  days  the  past 
wtek,  and  tbe  rest  of  the  week  waa  cloudy.  The  iLermometer 
during  the  week  has  averaged  47,  the  extreme  range  being  39  to 
63.  Total  rainfall  oneincli  and  seventy-nine  hundredths  ;  for  the 
month,  three  inches  and  sixty  two  hundredthr.  About  two  thirds 
of  the  crop  has  now  been  marketed. 

CotumlAit,  Georgia. — There  were  two  rainy  days  here  the  past 
week,  the  rainfall  reaching  one  inch  and  ninety-two  hundredths.. 
Tbe  thermometer  has  averaged  47,  the  highest  l>eiog  62  and  the 
towestSl. 

Batannah.  Georgia. — Bain  fell  here  the  early  part  of  the  week 
OB  four  days,  tbe  rainfall  reaching  seventy-two  hundredths  of  *a 
inch.  The  latter  part  of  the  week  was  clear  and  pleasant  but- 
cold,  and  last  night  there  was  a  killing  frost.  The  tbermometer 
haa  averaged  during  the  wtek  53,  ai>d  has  been  up  to  d'i.  and  as 
low  aa  40. 

Atigvta.  Otalgia. — It  raised  here  heavily  Ibe  early  part  of  tbo 
week,  rain  having  fallen  on  four  days,  tbe  rainfall  reaeliinf::  onff 
iaeh  and  forty  six  hundreOibs.  The  tlirniiometer  lias  aveia^ed 
6S,  the  higheat  being  84  and  the  loweat  30.  HIactora  are  sending 
cotton  to  market  freely. 

Oar  C'-otton  Exchange  crop  report  for  December  let  haa  been 
iaaaed  thia  week.  Aeeording  to  it  tbe  weather  for  the  last  half 
of  November  haa  not  been  quite  as  favorable  forgathering  the 
crop  as  la*t  year,  the  complaint  beiuf;  more  frequent  rains.  About 
OS  per  cent,  baa  been  picked,  and  all  will  be  gathered  Dec.  15:b. 
Two  eoontiea  report  a  small  increase  in  the  yield  over  last  year  ; 
three  eoontiea  same  aa  last  year  ;  balance  a  decrease  ranging  from 
tea  to  fifty  per  cent.;  average  lor  thia  diatrict  18  to  SO  per  ceut. 
less  than  last  year.  Twenty-five  per  cent,  more  seed  cotton  ia 
required  to  make  a  pound  of  lint  than  last  year.  Proporliun  of 
low  gradea  and  atained  is  unusually  large. 

ChairUttOH,  South  Caroiina. —  It  bas  been  s.owery  here  foar 
days  this  week,  the  rainfall  sggreeatiug  seventy-eight  hondredtha 
of  an  ioeb.  Tbe  tbeimonieter  Ii>k  averaged  51,  the  bigbuiit  bein(c 
68  aad   the  lowest  34.     We  bad   our  first  frost  In  this  city  this 


Tbs  following  statement  we  have  also  received  by  telegraph 
showiag  Ills  beieht  ol  the  riven  at  the  pointa  named  at  3  o'clock 
Dec  •.  We  give  laat  year's  figures  (I>«c  II,  1874)  for  eom. 
parifloa. 

i  ^D«.9, -»^       ^l)ee.n,"74.-, 

_      _,  _  ,      ^.  ,.  _^  '••'•       '»<='».        Fe«L       lock. 

,  Hew Orleaaa.. Below ht(h-wslermarlt 10  8     ..       It  1 

M«Si>Ms Above  low-water  mwk...:..,    r,  •    /        7  T 

■  nsskvllls.  ...Above low-wairr  Burii kl  1  s  t 

ShiiiS|iuiL...AbOT*low»aier  mark 6  8  8  10 

yiakSMnr  ...AbOT*  low-water  oiark M  0  11  o 

Hew  Orleans  reported  belo*  high-water  mark  of  1871  until 
Sapl  9.  1874,  when  the  xero  of  gaoge  waa  changed  to  high-water 
laark  of  April  15  and  16,  1874,  whleh  la  6-lOtbs  of  a  foot  above 
1871,  or  18  feet  above  low-water  mark  at  that  point. 

QtniBT  Baoh,  Baooiho,  etc.— The  market  for  bagging  durin|[ 
tbe  past  week  has  ruled  quiet,  and  but  few  sales  aiu  making. 
Orders  eome  io  slowly  and  n^hi  \a  amount,  but  boUlera  are  tilling 
them  at  124<ai8{  cash.  The  advance  io  liuits  has  had  the  effect 
of  making  maoufacturera  unwiillnit  to  sell  their  stocks  at  tho 
raling  Sgnres.  BaUs  cootiooe  nominal  for  both  India  and  Borneo. 
Bags  are  qoiet,  with  holdera  asking  13(^13ic.  for  4t0i<.,  with  no 
salsa.  Butta  have  been  in  good  demand  and  aalea  are  making  to 
arrive  in  all  aboot  5,000  bales,  at  about  (24(a^{c.,  gold,  doty  paid, 
9^,  gold.,  la  Iwad,  aod  2|r«3c.,  currency,  the  market  cloaiOK 
fina  at  these  Bgorss. 

AOBictn.trBAi.  BuRBAu's  Cbop  Report. — The  following  ia 
reeeived  by  telegraph  from  Wasologton  this  afternoon.  It  wema 
to  Im  aa  explanation  of  the  Noveml>er  report,  aod  la  interpreted 
here  as  Iniiieatiog  that  the  report  to  be  isaoed  the  middle  of  this 
nioofb  •ni  be  made  to  ahow  a  total  larger  tbao  tbe  Noveml>er 
report  indicated: 

"  In  regard  to  cotton,  it  may  be  stated  to  a«oid  misunderetanding 
that  the  accurate  figuring  of  tbe  November  percentages  made  an 
*ffKKS«le  approximating  8.900,000  bales— not  300,000  less  a:9Hnine 
have  ealeolaled.  Their  error  consisted  io  giving  too  large  a 
nomber  of  lialea  to  the  seaboard  slates,  whose  percentages  are  low, 
and  too  small  totals  to  the  Western  States;  especially  in  giving 
Alabama  a  larger  production  than  Mlaslsaipni,  which  she  lick<  by 
nearly  twenty  |>er  ceot.  But  the  November  returos  are  alwaya 
more  conservative  than  thooe  ol  oonditiot  during  tbe  summer,  andi 
a  earefol  analysis  of  the  season's  repolts,  in  nil  their  arpeoCe.. 
would  compel  an  estimate,  if  made  with'  no  lurtber  data,  not  far 
from  five  per  cent  greater  than  the  returns  of  November  alon» 
would  Indicate.  It  might  be  still  larger  but  f>r  the  comparative 
latoaew  of  development  and  reduced  yield  o(  lint  in  proportion  to 
seed.  TWi  reniUrt  it  almoet  certain  that  t/n erap  mi  Ipa'tlhe  limit 
of  four  million  bale*.  8i  much  may  be  said  io  advance  of  the  final 
return  aod  official  estlmau* " 

Sons  ol  our  readera  may  not  onderstand  the  above  when  takett 
io  eono'ec  loo  with  the  cloaiog  sentenes  of  the  November  report, 
whleh  was:  "  These  figures  point  to  a  tmall  advance  upon  last 


574 


THE  CHRONICLR 


[Decemlier  11,1375. 


<•  year's  agfjregate,  if  November  and  December  should  be  favorable 
"  to  the  openiiig  and  pickiug  of  the  top  crop."  November  and  the 
firet  part  ot  December  certainly  have  not  been  nearly  as  favorable 
as  last  year.  Ilence,  the  only  conclunioa  to  be  drawn  trom  these 
two  statements  is,  we  suppo.se,  that  the  Bureau  withes  to 
acknowledge  tliat  its  November  report  was  erroneous. 

India.  Crop. — VVe  have,  to  day,  one  week  later  mail  reports 
from  India,  and  from  them  it  would  apnear  that  there  has  been 
another  damaging  storm  in  tbe  Central  Provinces  and  the  Berara. 
Messrs.  Nicol  Si  Co.,  under  date  of  Bombay,  October  30,  say  : 

Onr  llingunThat  correspondent  repor's  that  very  heavy  rain  (Si<  inches) 
visited  that  district  on  the  J5th  tnat.,  and  that  cani>iderable  damage  his  been 
done.  The  oat-turn  will.  It  ta  now  expected,  be  much  shorter  than  seemed 
probable  a  week  ago,  and  doubtless  black  leaf  will  be  found  In  tbe  first  piCK- 
ings;  but,  if  no  farther  downiiour  s  experienced,  the  later  grttherlngs  of  the 
crop  should  possess  a  very  superior  staple. 

Messrs.  Peel,  Cassels  &  Co.,  under  date  of  Bombay,  November 
1, state  : 

Jus  after  our  circular  had  £:one'  to  press  last  Monday  morning,  we  had 
news  by  wire  of  heavy  rain  in  the  Central  Provinces  and  sorne  in  the  Berars  : 
and  th**  advices  which  have  since  come  to  hand  by  post  «re  confirmatory  cf 
the  unfavorable  news.  At  Wurdah,  one  of  the  two  chief  marts  of  the  Iling- 
UDghat  district,  as  much  as  5^  inches  of  rain  fell  on  the  Saturday  night,  and 
from  the  surrounding  villages  it  is  reported  that  considerable  damage  has 
been  done,  the  heavy  rain  having  caused  the  bo  Is  and  flowers  to  f^iU  fr^,in 
the  plant;  as,  however,  the  moisture  will  produce  extra  bolls,  much  loss  miiy 
not  result  to  the  crop  eventually ;  but  meantime  the  gatharing  will  be  re- 
tar  led,  and  supplies  cannot  be  looked  for  at  Wurdah  till  December.  At  Hi  i- 
^unghat  and  the  outlying  villages  there  was  a  good  deal  le-iis  rain,  and  the 
fields,  though  backward,  are  In  a  better  stale  than  those  at  Wurdah.  Laic&t 
reports  state  that  since  the  27th  ult.  the  weather  at  both  places  has  been  clear- 
ing up. 

Onr  news  from  (he  Oorarawuttee  districts,  nnier  dste  the  28th  ultimo, 
report  showers  of  rain  at  Jaigaum  (where  noticeable  dam  ige  is  said  to  have 
been  done  to  the  poddina  plants).  Khaiiganin  and  Sheagaum— tiough  nothing 
like  the  heavy  fall  at  WurJah— and  unsettled  weather  generally  tiiroughout 
the  circle. 

Advices  regarding  the  Broach  crop  continne  favorable,  but  the  latest  sowings 
would  reap  much  benefit  in  their  present  stage  of  growtn  from  a  good  shower 
of  rain. 

We  have  received  first  sampler  of  new  Sciude,  which  will  commence  arriving 
early  In  Uecember.  and  free  supplies  of  which  may  be  looked  for  a  month  or 
t*o  later.  Largo  contrscts  for  the  Ch'ua  market,  however,  still  keep  p. ices  at 
too  high  a  range  for  Kuronean  buyers. 

Telegrams  and  letters  from  friends  at  T'lticorin  state  that  Tinnevelly  is  not 
uow  obtainable  for  earlier  shipment  than  December,  heavy  rain  in  the  distric  s 
having  almost  put  a  stop  to  business  in  what  remains  of  this  crop,  for  the 
present. 

Messrs.  Finlay,  Muir  &  Co.,  of  the  same  date,  write  : 

The  crop  accounts  from  above  Shan'.o  are  less  favorable.  Riin  has  fallen, 
and  it  is  feared  that  the  Uingnnghat  crop  may  be  materially  damaged.  The 
Oomrawuttee  and  Khandei^h  croos.  not  being  so  far  advanced, will.  It  is  hoped, 
not  suffer.    There  Is  no  rain  yet  In  the  Southern  Mahratta  Couniy. 

Liverpool,  Dec.  10. — 4;30  P.  M. — By  Cablb  from  Liver- 
pool.— The  market  has  ruled  firm  today.  Sales  of  the  day 
were  13,000  bales,  of  which  2,0CO  bales  were  for  export  and 
speculation.  Of  to-day's  sales  8,000  bales  were  American.  The 
weekly  movement  is  given  as  lollows  : 
Nov.  19, 

Balesof  theweek bales.    69,000 

Forwarded 8,000 

of  which  exporters  took 7,ouO 

of  which  speculators  took 3j000 

Total  stock...     516,000 

of  which  American .  173.000 

Total  Import  of  the  week 3"), POO 

of  which  American 17.000 

Actualexport 10,000 

Amonntafloat 283.000 

of  which  American 181  OOO 

Tbe  following  table  will  show  tbe  daily  closing  prices  of  cotton  for  the  week: 
Spot.  Satnr.       Mon.  Tues.        Wodnes.      Thurs.  Fri. 

JCld.  Upl'ds.    .@67i         ..©')%         ..lasK         ..la'i  15-16. .ffiO  15-16. .@5  15-16 
do    Orl'ns.  ..©7  3-16  ..&!  3-16  ..@7  3-16  ..©7  3-16  ..@7  3-16  ..@7  3-:6 

^tures. 
SA.TUBDAY. — Jan. -Feb.  ehipm'^nt  from  Sav.  or  Chas.,  Low  Mid.  clause,  by 
sail,  if  required,  6  rM6d. 
.Ian. -Feb.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clansc,  63id. 
March-April  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  ti  13  16d. 
MoND* v.— Dec-Jan.  shipment  from  Sav.  or  Cha^.,  Low  .Mid.  clause,  fi^id. 

Jan.-Feb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause. by   sail,  if 

required,  8  13-16d. 
Jau.-Peb.  deliverv  fom  Sav.  or  Chas.,  Low  Mid.  clause,  65id. 
T'uEsnAT.— Dec-Jan.  sfUpinent  from  Sav.  or  Chas.,  Low  Mid.  cUuse,  by  sail. 
If  rrqnirei.  6  13-ltid. 
March-April  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause.  6  1.3-16d. 
Jan.-Feb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required,  O^d. 
Dec.  delivery  Irom  Sav.  or  Chas  ,  Low  Mid.  clause,  6  'S-16d. 
Feb,-March  dedvery  from  Siv.  or  Chas.,  Low  Mid.  clause,  6  ll-lUd. 
WanNBSDAY. — Dec. -Jan.  shipment  from  New  O/leans,  Low  Mid.  ciau-^e  ,  by 
sail.  If  required,  0  15-ltid. 
Jan.-Feb.  delivery  from  S  .v.  or  Chas.,  Low  Mid.  clause,  6  l!-16d. 
.    Dec.— Ian.  shipment  fiom  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 
required.  6;id. 
March-    pril  delivery  from  Sav.  or  Chas,  Low  Mid.  clause,  6,'id. 
THUBftDAT. — Nov.-DfC.  Shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by 
sail,  if  required,  6  rM6d. 
March-Aprildelivoiy  from  Sav.  or  Chas..  Low  Mid  clause,  6  13-16d. 
April-May  delive  y  f  ora  Sav.  or  Chas.,  Low  Mid.  clanse,  6?id 
Dec -Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required,  6  13l6d. 
Jan.-Feb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

;-equired,  CJ^d. 
Dec.'-Jan.  shipment  from  New  Orleans,  Low  Hid,  clause,  by  sail,  if 

required,  6  l.'>-16d. 
Fob.-March  delivery  from  Sav.  or  Chas..  Low  Mid.  clansc,  6  13-16d. 
Pbidat.— Marcli-Aprii  de  ivt-ry  from  Sav.  or  Chas.,  Low  Mid.  clause,  67id. 

Hovomber  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  it 

required,  6J4d. 
Dec-Jan,  al.ipment  from  Sav.  or  Chas.,  Low  Mid.  clanse,  by  sail,  if 
required,  6Kd. 

The  Exports  of  Cotton  from  New  York,  this  week,  show  a 
decrease,  as  compared  with  last  week,  the  total  reaching  13,317 
bales,  against  14,139  bales  last  week.  Below  we  give  our  usual 
table  showing  the  exports  of  cotton  from  New  \ork,  and  their 
direction,  for  each  of  the  last  four  weeks;  also  the  total  exports 
and  direction  since  Sept.  1,  1875;  and  in  the  last  column  the  total 
i«t  the  same  period  of  the  previous  year. 


Nov.  86. 

Dec  3. 

Dec.  10. 

&S,(HX) 

70,000 

70,000 

7,000 

11.000 

14,000 

6.000 

9,000 

9,000 

4.000 

4,000 

COM) 

K3,000 

500.000 

484,000 

175,000 

165,000 

16J,000 

49.000 

46.000 

60.000 

34,000 

87,000 

41,000 

1,000 

10,000 

6,000 

355.000 

393,000 

400.000 

216,000 

J889.on0 

206,000 

Bxportu  ol  Votton(bale«)rroni  Neiv  YarlciiIuce!*ept.I|  18)6 


■XPOBTXD  TO 


Liverpool 

Utber  British  Ports. 


Total  to  Gt.  Brllalu 


Havre 

Other  French  porta . 

'total  Frenoh.. 


WUE  SHDUIS 


Bremen  and  Hanover. 

Uamburg 

Other  ports 


Total  to  N.   Kurope. 

Spaln,Oporto&mbraltardic 
ajl  others 


Total  Spain,  tee.. 
Orand  Total 


Nov. 
17. 

14,163 

14,163 
SCO 


600 

1,000 
775 
474 


3,949 


Nov. 
2t. 


16,656 
16,856 


1,091 
1,480 


2,501 


19,357 


Dec 
1. 


11,450 


11,450 
2-25 


395 
1,584 

'870 
!,454 


Dec 
8. 


11,656 


1 1,1 29 


675 
286 
GOO 


ToUl 

to 
date. 


1 30,69.'; 
1,414 

182,0«9 

1,1 


1,561 


18,217 


1,1 

12,583 
7  30» 
11,403 

31,990 


350 


Same 
period 
prev'us 

year. 


132,620 

133,690 
a,998 


8,999 

8,160 

11,434 

600 


20,194 
10 


10 
155,892 


The  following  are  the  receipts  of  cotton  at  New  York,  Boston, 
Philadelphia  and  Baltimore  for  the  last  week,  and  since  Sept.  1,  '75: 


BBOB'TS  raoM- 

ir«W  TOBK. 

This 
week. 

Since 
Sept.   1. 

New  Orleans.. 

Texas 

Savannah 

Mobile 

Florida 

S'th  Carolina 
S'th  Carolina. 

\rirglnia 

North' rn  Ports 
Tennessee,  &< 
Foreign 

5,974 

8,410 

'360 
8.500 
l,79i 
7,456 

2.^4 
9,140 

357 

63,:^76 
32,644 
44,942 

3'.3i9 
47,114 
25,668 
99,  87 

5,*i0 
46.000 

1,00; 

Total  this  year 

32,836 

359,675 

Total  last  year 

Sh.OOl 

360,598 

B08T0H. 

FHILADKLP'IA  j 

BAt-TUOBX. 

ThiB 
week. 

Since 
Septl. 

This 
week. 

Since 
SepUl.l 

This 
week. 

Since 
Septl 

186 

... 

974 

8,884 

533 

7,976 

392 

8,111 

2;749 

2,849 

2.7112 

4 

2.8,468 

3:,0»8 

16,058 

4 

l'68.3 

7;767 

'234 

&31I 

2.29T 

7,170 
9,179 
29,088 

2il61 

9,3S: 

76,698 

1,61R|  15,743 

3,753 

56,005 

14,142 

88,363 

3.010 

22.604 

3,995 

49.  .589 

Shipping  News. — The  exports  of  cotton  from  the  United 
States  the  past  week,  as  per  Inteit  mail  returns,  have  reached 
120,951  bales.  So  far  as  the  Southern  ports  are  concerned,  these 
are  the  same  exports  reported  by  telegraph,  and  published  in 
The  Chronicle  last  Friday.  With  regard  to  New  York,  we 
include  the  manifests  of  all  vessels  cleared  up  to  Wednesday 
nij?ht  of  this  week.  ^otal  bales. 

New  York — To  Liverpool,  per  steamers  Idaho,  3,135 Celtic,   1,7' 3 

....Spain,  1.848  ...City of  Montreal,  1.012....  Algeria,  1,606...  per 

ship  AlDania.  2,187. ...per  bark  H.  L.  Ronth,  105 11,656 

To  Hremeu.  per  steamer  Hermann,  675 C75 

ToIImiburg.  per  steamer  Herder,  28ti 2S8 

To  Sweden,  per  steamer  Navarino,  600 60J 

New  Orleans— To  Liverpool,  per  steamers  Trafalgar,  3,3)0 Marii-a, 

3.400 per  ships  Badeu.  3,950....  Western  Empire,  4,752 per 

barks  Nerea,  1.3V2 Dronniug  Louise,  1,515 18,269 

To  Havre,  per  ships  Nunqunm  Dormio,  3,.589 Scioto,  3,195    .. 

Arcturus,  8.298...  per  barks  D.  H.  Bills,  1,637.... Ellos,  2,000.... 

Almira  Robinson,  3,305    ..Halcyon,  1,695 19.199 

To  Bremen,  per  ship  Sc  itla,  3,6117...  per  hark  Onkel,  1,153 4.560 

T  >  Genoa,  per  BChr.  Mathilda  Kranz,  1,417 1,417 

MoBiLS — To  Liverpool,  per  ships  Importer,  4,800  ...Oswego.  3,095 7,825 

Chablrstun— To  Liverpool,  per  ship  Bombay,  3,116  Uiiland  and  30  Sea 

Island per  barks  Josephine,  1.500  Up'and — Carolina,   1,880 

Up  and  and  134  Sea  Island..  .  Paz,  805  Uplai.d ' 7,455 

To  Cork  for  orlers,  per  bark  Grousvaer,  1.700  Upland 1,700 

To  Havre,  per  barn  Sirrah,  1,758  Upland 1,758 

To  Rottirdam.  per  barks  Aurora,  1,9  JO  Upland Harriet  Campbell, 

l.'.iOO  Upland     3,820 

To  Barcelona,  per  bark  Camila,  600  Upland.,     per  brigs  J  vcn  Ana, 

R.'.O  Upltnd     .  Pacj,  485  Upland     .  Tameraria,  540    Upland 

Diana,  650  Upland 3,195 

Savannah— To  Liverpool,  per  ships  Joseph  Fish,  4,423  Upland     ..Lau- 
rence Brown.  S.OftJUpianI  .    D=r  biirk  A.  A.  Allen,  1.169  Upland.    9,187 
To  Barcelona,  per  sti-amer  Jose.  3,305  Upland     .  per  barks  Galceran, 

2,100  Upland  ...Paquele  del  Vendrcll.  1,5  0  Upland 5,915 

Texas— Our  Texas  mail  has  failed  to  reach'd  us. 

Wilmington— To  Liverpool,  per  barks  Ilhrend,  1,614. ...Premier,  1.700.    3,314 

Norfolk—To  Liverpool,  per  steamer  Darien,  2,8*i5 per  ship  H.  S. 

Gregory,  ",300 per  barks  Reyard,  3,475. . . .  S.  R.  Lyman,  18 13. 

To  Havre,  per  brig  R.  B.  Gore,  1,817 •    

Baltimore— To  Bremen,  per  steamers  Ohio,  529  ...Numberg,  lOu 

per  bark  .Ansgar.  51 

Boston— To  Liverpool,  per  steamers  Parana.  410    . .  Marathon,  514 

Philadelphia — To  Liverpool,  per  steamer  Ohio,  784 

To  Antwerp,  per  steamer  Vaderland,  .'-60 

San  Fkanoisoo— To  Liverpool,  per  ship  Nelson,  49  (foreign) 


1.5.846 

1,817 

680 
994 
784 
360 
49 

ToUl 1S0,961 

The  particulars  of  these  shipments,  arranged  in  our  usual  form, 
are  as  follows : 

Brc-  Rotter-  Swo-    Barce- 
Cork.   Havre.men.    dam.    den.     loua.Genoa. 

675       ...       60O     

.  .  19,109    4,760     1,117 


Liver- 

pool. 
..  11,656 

New  York 

New  Orleans 

.  18,969 

Mobile 

..     7.825 

Charleston 

7,4155 

Savonnah  

.     9,187 

Wilmington  ... 

..     .-1,314 

Nonolk      

..  15,846 

Baltimore 

Boston 

..        9;4 

Philadelphia... 

. .        784 

San  Francisco.. 

49 

Total  

.  74,839 

1,700    1.758 


i.890 


8,125 
5,915 


680 


i.To!al. 

13,2:7 

43.645 

7825 

17,858 

15,112 

3,344 

17,16:j 

6S0 

924 

1,144 

49 


1,700  22,774    6,115    3,890       6C0    9,010    1,417  190,951 
Included  in  the  above  totals  are,  from  New  York,  286  bales  to  Uamburg  ; 
from  Philadelphia,  360  bales  to  Antwerp. 

Below  we  give  all  news  received  to  date  of  disasters,  &c.,  to 
vessels  carrying  cottoa  from  United  States  ports  ; 


December  II,  1875.] 


THE  CHRONICLR 


576 


. Llrerpool. . 

^-H«Tr» 

^ 

, nremen. v 

8UML 

Skll. 

SleuLKcU. 

SlMIB.      Sail. 

i. 

d. 

e. 

e. 

e.           e. 

Mnter—  ..«T-U 

..(  »-u 

..«» 

1  eoap. 

MoBdajp S;-i< 

(  ,vn 

1  camp. 

Tm*««7 Sr-i* 

..(    .Vl« 

•  ■S^ 

1  eoaik. 

wZiMitoy  .  St-M 

..1  .11-31 

..OK 

I  eoap.    Il-M 

Tkaradar..  ..a7-:l 

rrtiUjr    i)-M 

Market  Mckdr. 

.  All  u 

■  ax 

1  coap.    ll-lt 
1  Map.    11-1( 

.  __.  (8p.X  ftom  n«lTt?tion  for  Liverpool,  pot  Into  nmiM  Nor.  SJ  In 

Jlitf—.  of  wk*i  Harare  nut  •'atrd.  and  muaed  b«r  Tojace  Dec   4. 
,  Mr.,  from  SaTsanah  fur  Baltimore  which  put  back  to  8avaua>li, 
ihlad.  wtll  he  repaired  at  the  laiivr  uori.    U«  car^u  waa  taken  fut- 
w«rd  Jt  Re«  Tork  07  *teain>.r  Me  ropoll'. 
D.  J.  Tourr.  atr..  at  Ualllaiore,  rrom  Wllmingtan.  X.  C.  rrparta,  Dec.  S.  dur- 
loc  a  r>le  with  brarj  aaa,  loat  aa'Ja  and  anchored  under  t^^ta  Loukuut, 
and  remalbrd  nntll  th*^  4thu 
DiraB.ij|,  atr  (uf  Unlli,  Bmwn.  fram  New  Orieaaa  Nor.  13  for  Beral,  pat  Into 

1  jbee  Dec.  t  with  ker  thaft  hrokes. 
GtrcTsaBarSB,  atr.  (Span.).  Arteoleaga,  from  Charleetoa  for  Urerpool,  put 

Into  Waterford  N  v.  tt,  wlb  machinery  dieabled. 
JAHAicaa.  atr.  (Br.),  Wladar.  from  Kew  Orloaoa  for  LlTerpool,  at  Craokhavou 

Dec  I,  had  been  apokea  In  lat  51.  loo.  14.  with  en|rlae  alopped. 
Joes,  itr.  (Span  ),  Albmri.  which  aalled  frem  Sarannah  Dec  4  tot  Barcelona, 
pa:  back  to  'I  vbee  itk.  with  her  main  eccentric  tttap  broken,    bhe 
would  pnbahly'aail  asnln  Ttb. 
Cottoa  tnigtit  th«  P4uit  ira«k  have  baao  u  follows : 

-Hambarj.-^ 
Steam.    Sail. 
e.  c. 

1  conp. 
I  camp.    .. 
1  enmp. 
1  comp.     . 
!  comp.     . . 


BRE  ADSTUFPS. 

ruDAT,  P.  M..  December  1».  irii 

Tbe  flour  market  opened  iLe  week  auJer  >  taeWag  of  luucb 
depre— ion,  nnd  >  lower  raniie  nf  prices  waa  aooa  entabliahed, — 
low  kblppioK  extras  mIUtiK  at  #•>.  and  choice  West  India  brands  at 
$6  20;  bnt  from  this  point  a  fifiner  foeliojf  was  developed  ;  the 
better  xrades  of  extrae  were  held  pr-tty  firmlj  at  old  prices,  and 
there  was  an  ImproTement  in  the  general  demand  ;  qaotatiooa, 
howercr,  were  geneially  retained  at  the  redneed  range,  Bapplles 
are  large  at  all  points,  and  mach  of  the  stock  coat  more  than 
eoald  now  be  realised  ;  holders  are  therefore  relactaot  stllers. 
Bje  floor  has  declined,  hot  eora  meal  and  hnckwbeat  floor  hare 
mat  with  a  (air  demand.  To-day,  the  market  was  doll,  bat  ship- 
ping gradaa  wall  held. 

Tbe  wheat  market  has  been  nnset'led,  and  jet  prices  show  no 
Important  Tariation.  The  opening  was  hearr,  but  on  Ifoodajr 
nftaraoon,  with  more  favorable  advices  from  abroad,  there  aas  a 
more  active  demand  for  export,  and  a  good  hoslneas  to  home 
millers,  which,  «l>h  the  limited  offerings,  gave  a  stronger  tone  to 
the  market.  There  were  liberal  sales  of  Mil  waakse  Spring  at 
|1  14(11  1«  for  Na  S.  ft  £^1  37  for  .So.  3,  and  «1  33^1  36  ior 
Ko.  1,  in  store  and  afloat.  Other  qnalitiea  were  ne]|leeted.  The 
strength  of  tbo  market  la  whnlljr  speenlative.  Reeeipta  and 
stacks  are  largely  In  excsas  ol  last  year ;  counting  tbe  qoaotity 
afloat  in  oar  harbor,  the  visible  supply  is  not  leas  than  18j000,000 
buahela,  of  which  SfiOOflOO  bushels  are  at  New  York  ;  prieea  arc 
fully  15  per  cent,  higher  than  last  December:  the  forei(;D 
markets  are  well  sopolied  and  dull  ;  ocean  frt'lgbta  scarce  and 
high  ;  and  but  for  the  ebaapness  of  money  the  situation  might  be 
rsgaiilsd  as  a  eritleal  one  to  holders,  eogpled,  as  it  is,  with  the 
iiifriiwlsnris  thst  much  ol  the  stock  is  not  In  condition  to  be  held 
for  •  aoarfdsnbie  peri>d.  To-day,  the  market  was  doll  snd 
■nsettM. 

Indian  com  has  become  only  moderately  active ;  shippers  and 
tba  hona  trad*  have  alike  operated  sparingly  ;  but  the  offerings 
have  been  quit*  moderate,  and  no  impoitant  change  has  taken 
place  in  the  prters  current.  The  ssles  of  new  corn  have  included 
white  Soolhern,  at  70|971e.  To-day,  the  market  was  dull,  but 
price*  were  about  steady. 

Rye  has  been  more  firmly  held,  and,  in  a  small  way,  has 
brought  extreme  prieee,  with  STc,  reporu-d  bid  (or  CunnAn  io 
bond.     Barley  ex  perienesd  a  decided  advance  in  prir  ■  >   ',,- 

a  larse  buainees,  bat  toward  tbe  doe*  the  market   '  i 

and  the  advance  was  barely  mtin.aioed,  owiog  to  tii>-  |ir..uaule 
re  opening  of  the  Hudson  river,  and  the  consequent  increase  in 
onr  snpplias.  Canada  paaa  have  been  selling  moderately  at  |1  W 
(gl  07,  In  bond. 

0\ts  have  be«n  rather  slow  of  sale,  bnt  with  holders  very  firm 
In  their  views,  (all  price*  have  been  raallaad. especially  for  sound 
lots.  Tbe  recent  speculation  has  caused  a  eonstderable  aocamula- 
tlon  oi  stocks,  but  it  is  ex  peeled  that  receipts  will  soon  be  smaller. 
Todav,  there  wsa  a  very  nnaettled  market,  with  plieea  of  some 
lots  showing  a  slight  declin*. 

Tb*  loUowtng  ar*  clastag  qoolalions : 

JTiAoa.  I  tiaais. 

Ho.t •>».  fS  Aft  I  10  I  Wheat    " 

•apertae  Slate  A  Wsei' 

era 

Bitra  Suta,  tt. 
Weetera  Sprlag 

•  lira* 

doZXandXZX 

do  winter  wheal  X  aad 

XX 

Cityihiwplns  exfaa..  .. 
CtIT     trade   and  faally 

braadt.   

•oatkn  a  bakers' snd  fs- 


No.«(prla(,bssh.|l  MS  |  it 


Wheat 


4Ma  4  «l 

ISO*  »40i 


,4o.  1  iprtLK 


sally  aca 
■oalhanahlpp'i 


sa«#  (15 

•  IQS  1  7S  I 


Cora 


'  extras. . 


wta*.*c. 


White. 
Corn-  Weatcra  alxad . . . 

White  WasUra 

Tallo*  Wsatsra 

Rre 

l>at»-XUad 

WhIU    

Barle J— Canada  Wsst... 

•  B|     8ute.  «-row»d 

•  TO;     M'aie.  4  rowed 

•  >S I  Barle;  Mal-auis  .    ... 

in       Caaadlaa 

4  » I  raaa-Caaads,  bund  A  (». 


A14 


IJ 

l<  ^ 

I  OSS  I  M 
1  9^  1  4& 

io;»  1  IB 


I  n 

I  M 

I  IX 

I  It 

I  r>i 

-» 
n 
;s 

M 

« 

St 

I  » 

I  SO 

1  M 


The  movement  in  breadstu  9s  at  this  market  has  been  as  fol 
lows  : 

— aSCSlPTSAT  SSW  TOBK. ,. BXPOBT8  rSOS  KSW  TORK. , 

. ISrii. >        Siuce    . 1875. ,     . 1814. , 

Forthe     Since.        Jan.  Forlbe      Since  For  tbe      Sinre 

week       Jan.  1.       I.  !a74.  w«ek.     Jan.  1.  werk.      .Ian.  1. 

Flour,  bbla.     88.774    S.R».3:i    S,WT  1!»  4T.SI1     !.78:,>'.1l  48.7I8    S.0:.7,S.M 

0.  meal. ".       4,iiBl       l«l,i*l       :bs.(W*  .1.  :<m       i«s.(>5«  v.gwi       iBTKn 

Wheat.baa.   ft17.0ll  S3.t)4n,f!i9  ll,47l.~?i  S:.^.!)s5  J.',.il-.4.ii-»  41i>,i«  S3.TK9  7i)4 

(Aim,      "  .    »«0,445  J1,S57.III  i^..^'.^!  lM,i»  li,.'ilj.l.1|  SIJ.STS  13.i74.IHKI 

Bye.       "  .        7.800      *(4,Bii       savii  ■»  ....        1.W.M.-.J  jou       SII.60I 

Barter.   ■'  .      45,STI     4,MfM    ».7J7.U1<1  ....                110  ....            3,0(10 

tMU  ..."  .   i~,su  ii<,ai4.04i  ia,&4t,»si        eai     is^.ftio        nos     118,S74 
Tbe  following  tables  show  tlie  Qrain  in  sight  and   the  move- 
ment of  BreadatuSs  to  the  latest  mail  dates. 

BBOBIPTS   kX   LAKB    <ND  RIVRIt    POUTS   FOR  THK  WRRK   KNDIKO 
DEI-.   4.   13T5,  .\ND   FROM    .<DOU.ST    1   TO    PKO.  4  : 

Flour.     Wheat,         Corn,         Oats,      Barley,        Rye. 

bb  a.       bn«h.  hush.        bat*h.       hush.        buab. 

At-  (:9Slbi.)   (ai)lh».l     (SSlh-.)    (lMb«)    (!8  lh«.)  (56  Ibe.) 

(%lca«u..  .      40978        4l6.f«l        lbS.8T4        Ufa?        f«.l7«  S.9I9 

Milwaukee 48:71     l,lS).ai»        41. ISO        S^g->;       4.\5M        &.840 

TWedo. 8)8        81.1  >4       a60,.'n6         ll,fu<l       lS.*nO  S4S 

Dstroiv v.nti     1I9.3SS        1,861       ii.im      i:,t>ii         400 

Olevelaad t.Kt  IS.SiO  «I.4.V)  «4V1  ..    .  5,000 

St.  Louis r.l8«  8^a^S  161.7.10  1'>.719  10,S78  8.06t 

Peorta.    1,875  IJ.toi  iai,WiO  31,1^0  11,050  8,S10 

Oilctk ...  1.000  S.llJ  .,..  ....  ..   . 

TOUL 133,75)    l.0K).47t  TO0991  Sff-.TSA  ITTissS  31  9S7 

Prevwaaweek .    ltJ.7S7    l,9;o,'«t  Vdjm  x»M*  isi.'iiT  87.17* 

Oorreap'Dgwaak.nt.    n5.l»      ttn,TM  75\0Kt  ^.^j.tiK  -.'S'.isi  37.661 

••           '78.     l50,T»t     l.i>7Stl9  409 'M  3-lfl,3!S  181,889  8<»  WIS 

"         Tt.    ll^•(le      71».«'«  i-KS'.i  aS3,-««  lUMnl  28  0t« 

"          M       87.«l       44«,aR7  V79.419  liM.171  8«.715  »,6-6 

"         "70     140.900      M».3SS  IJi.TvJ  jni.r.;  s<.».t5  4.,gS 

Total  Aa«.  I  todate  .i,n»i.7l4  36.l'>«,05'.  <    Kn6t  I,l5g.7S» 

Same  lime  lin4 s.194.681  tt.o«i.»i;  '..*»*  .^<lh.5l3 

Uise  1873 a,3i5.4M  38  110.5  <.  .  ,ti  0S8  SOChSao 

time  l«t 3,181,514  M.M.3M  Jti,tli,JtiJ  lU,:ui.iiJi  i,S. 0,7*9  9»,^ 

BrarMBiiTS  OF  Pt^nil  and  Or.vih  from  lake  porta  (or  the  past 
fottr  weeks  and  trom  Jan  1  to  D<!c.  4,  iaclusive,  lor  four  yet  rs : 

Flosr,     Whea',  Uorn,  Ua;.a,       Barter,        Rye, 

hhla.       Saab.  hn»h  hn«»i.       bnth         b  i»h. 

Dse.    4,  Tl  ........     lHI.I-tS        8T9.S61  7IVV.I  »S«.47I        45,Sn          7.050 

Ilsv,tl.  '7S 141.0tl    1.4n,i:i  5^.l<)|  141113       6I.:3I        1«,I0^ 

Xav.lOi'» 1«7,»H    lt.na8.4IM  7M.3'>)  379,7<1        8',41S       ISSIl 

Nov.  13.  TV .     nn.893    154A803  1,t9S.^30  Sno  Ml        in.M8       31,140 

Jaa.  I  10 date 3i,<iM.M4  S7.INt.aM  4l.7in,S77  1S,7««.131  Itat  139     8  «,«•« 

•sasUoM  1874 t,4ti,Vlt  SB7'     ■■"  f  "•"••  ■■•  -,,0  <,>(7ll,Bfl8  t,i>49,18)l 

■smetlae  ISTt a,9St.9n*  51  -  :i  !i,».ti,784  t.3i4.«KA 

•ameUSM  t8N 4,401.917  tii.  15  &,5«,»  8  1.I71,S33 

KBCKtrrs  OF  F(x>om  andohain  at  skauoakd  ports  for  tdb 

WBSK  BXDIMO  UIX',  4,  1875.  AMD  FROM  JA.S,   1  TO  DEC.  4  : 

Flour.     Wheat,        Com,        Oat*,        Baricy,     Ryo 
At-  bbla.       tiaah.  huih.        bnth.  hnah.     bnah. 

Task nvTsi  i.ota,iu    tsi.Mt     3bo.4«h     154.19;    i4,«i8 

43,«7  8,714       II9.7-.8         ;D.»'>!  44.754        1.615 

M.VIO  ....         10,130  Smo  

■aatrasL., 9,880  801  ...         t.»io         3.nno 

ndasipMa m.is*     a^yio     is^ino      48,ano      bo,mio     i.ooo 

■illlBIII tt,t*«        tt,<00      1S5,«00         11.100  ....  too 

IbwOriaaas  tl,ttt  .  .         10«.t:S        a.4«4  

Tl4al t7«.43t    l.SIS.IM       •4<.:38       3S0.IM       t!lt.4.M        17  SS3 

Mk tM.tli   ».ayi. K5  '.-fl t»?i      7ri.JT:      mi.mi     si.nn 

Uor.  wa«k*14 ta».4i«      1t«.«9  u.oa 

Total  Jan.  1  lodaU.(.IS«.86l  n,vo&.19i  111  MS 

Umal8T4 IO,M^«4t  SO  a8S.4S';  Vt4  8SB 

timeivrt s.ai«.«u  4A.i«i.;«)  f,  b-.i.tfi  21.1  ism  x.n.i.ij  i,ii9'«,>7* 

tlmeKl 7,310.181  93.950,470  70,980.981  tl.]ir,6M   S,a84,96«     »5.91ll 

Tmb  VisiBl.B  BurPLT  OF  liRAlN,  coinprti>io(r  the  stock  In 
granary  at  11. n  prioeipal  points  of  accumulation  at  lake  and 
■snhnard  ports.  In  trsnait  liy  rail,  froxen  iu  ou  the  New  York 
OMmIs  and  on  the  lakes,  Dec  4,  187S : 

Wheat,  Conx,  OaU.  Barlcv.  Rye. 

haah.  Hnah.  hnah.  hofb.  bnnh. 

la  etotv  at  New  Torfc  t B.t'AOM  8in,a*t  l,lia.Ona  3avi<61  9-i,9U8 

(a  ilora at  Albany    ...  4,ViO  tS,nao  tVi.O<a  l.'>.uno 

(astaieatBaV«lo_ 1AU.3M  KSll  lf.lM  18a.B9t  17.  •91 

(a aiora at Oblca«e l.Stl.Ml  tlil.sio  1S3.060  Stl.(M  U>790 

In  atore  at  Wllwaakea l.SM.'ti)  a,M  84,80*  I48,6»  4,833 

la atere at  OalaML. Al,4W  ...  

la etorsal  Toledo 48T.hVl  tl7,«9t  tH.OTT  64,«70  1,858 

lari..r.'Ai  n  trott   ir.oat      ip.ooi      4''«ii 

Id-  ..v*  ...     4181830      1*8.000        aa.onfl      isn.wiQ     lo.ono 

It  ,.    'Kd.gno     ioa.»vi     iS'.Mi     i«.7*i    *4.i8o 

Itt  •                     r,                 ...  7,8-8  U.Wt  81.7  3  «.»78  97,34* 

la  ttorc  «i  H-jfton I.4M  79,800  *»J.«IO  :-J.141  491 

(a  atore  at  Toroate    tim,tht  Sin  s.RnO  ».vtO  9,5.0 

Is  aiora  at  Noaueal. ■H.ait  88.314  ict.toi  ri.031 

Is  More  at  Philadelphia* 300.000  870.000  tio.noo  «5.0>'0  13.800 

Isaloreat  Baltimore* 7.3110  90910  70.nw  tSJOO  I.UIO 

Rail  ablpmeau    41M8t  B78,!»3  1*4. 477  4.1.673  7.050 

'-tsti-'mr-  48^.:m     is3.in      *7,9<ii       i,7iki 

OfHWiK  oaaala* 1,090,008       818,008      809.000       85.\000     88,735 

Total 18481.338    8,488.838    3.511,71*    9.IU118    435,990 

NoT.tf.  1873 I».;«t,l38    3.a%t,'aO    3.t.|.'99    t,«ie.373    81)9,478 

Oea.  Ik  1874 ll,«7.f,Ul    djOKlTO    t.8U.59a    1,484,833    187,038 

•  Istbaated.     t  Block  stoat  la  Raw  Totk  not  ladaded. 


THE  DRY  O00D3  TRADE. 

FaiDAT,  p.  U.,  Dec.  10,  1876, 
This  week  there  has  been  a  coatloned  slow  movement  in  nearly 
all  descriptions  ol  domestic  goods  from  Qrst  hands,  and  foreign 
fabrics  have  been  with  few  exceptiona  emphatically  dull.  Job- 
bing salea  are  almost  entirely  restricted  to  such  small  lots  of 
aaaortad  mercbaodiao  as  are  usually  required  at  this  time  of  the 
yatr  for  replenishiog  retsilers'  stocks.  For  export  Tew  new 
nanaantiOBS  were  reported,  but  liberal  shipments  were  made — 
eblsfly  to  Liverpool — on  acooont  of  orders  placed  some  time  ago, 
•ad  New  England  manufacturers  have  still  orders  on  hand  for 
probably  lO.jilO  to  13,000  packages  of  bruwo  cottons,  &c,  for  ex- 
port.   Fur  rouverslon  purpooea  fair  qoantltles  of  low  grade  oaasV 


576 


THE   CflUONlCLR 


[December  11, 1875. 


mere*,  cottonades  and  cotton  coatings  were  taken  by  the  clothing 
trade,  and  shirt  and  skirt  mannfacturerd  sontinued  their  purchases 
of  goods  adapted  to  the  Spring  trade,  bat  were  not  very  liberal  in 
their  investmentg.  Values  of  merchandise  on  hand  have  been 
maintained  in  most  cases,  but  the  Cocheco  prints,  which  had  been 
held  relatively  too  high,  were  subjected  to  a  reduction,  which 
enabled  the  agents  to  close  out  their  accumulated  stock. 

Domestic  Cotton  Goods.— The  late  sluggish  demand  for 
bleached  shirtings  induced  agents  of  Lonsdale,  Hope  and  Biack- 
stone  makes  to  reduce  the  prices  of  the.se  goods  to  lOJ,  8i  and  9 
respectively,  at  which  figures  the  entire  stock  was  disposed  of, 
and  prices  were  subsequently  advanced  |c.  on  each  make.  Ballon 
bleached  shirting  was  reduced  to  S^c,  and  Knight  cambric  to  9^., 
while  on  the  other  hand  Langdon  O.B.  was  advanced  to  IS^c. 
Brown  sheetings  continued  in  good  demand,  and,*owing  to  the 
light  supply  of  leading  corporation  makes,  prices  ruled  strong. 
Low  grade  cotton  flannels  moved  freely,  but  medium  and  fine 
qualities  were  not  so  active.  Colored  cottons  continued  quiet, 
especially  rheviots,  which  were  almost  neglected.  Corset  jeans 
and  satteens  met  with  moderate  sales,  and,  the  supply  being  light) 
prices  remained  firm.  Print  cloths  were  in  fair  demand,  and 
several  lots  of  5,000  pieces  changed  hands  at  4Jc.  for  erira  64's, 
while  holders  demanded  4ic.  for  contracts  from  January  to  April. 
Prints  in  new  plaid  styles  were  in  good  demand,  and  stocks  of 
euch  good  have  become  much  reduced  in  first  bands.  TheCocheco 
prints  were  marked  down  to  T^c.  for  fancies,  8c.  for  robes,  7c.  for 
Bhirtings,  9c.  for  cambrics,  &c.,  and  Mnncbester,  Pacific,  Hamilton 
Merrimack,  Washirgton,  Knickerbocker,  Oriental  and  Bunnell's 
robes  were  reduced  10  8c.  Mailory's  and  Allen's  pinks  declined 
to  Tic,  and  other  staple  prints  of  the  same  makes  to  7c.  Plaid 
dress  goods  and  imitation  mohair  coatings  were  in  fair  request. 

Domestic  Woolen  Goods. — It  was  on  the  whole  a  quiet  week 
in  this  department,  and  sales  of  men'swear  woolens  were  small 
in  the  aggregate  amount.  Union  and  low-^rade  wool  cassinieres 
were  taken  by  the  clothing  trade  in  considerable  parcels,  but  fine 
qualities  moved  slowly.  Cloths  and  doeskins  ruled  quiet,  and  in 
view  of  the  large  supply  on  tlie  market  worsted  coatings  failed  to 
realize  expectations.  There  was  a  spasmodic  demand  for  Ken- 
tucky jeans,  and  printed  satinets  were  in  limited  request.  Over- 
coatings and  cloakings  were  not  so  active  as  when  last  reported 
upon,  and  flannels  and  blankets  were  taken  in  small  amounts 
only.  Shawls  and  skirts  continaed  quiet,  and  both  were  pressed 
to  sale  in  the  auction-rooms  with  unsatisfactory  results.  Dress 
goods  were  quiet  in  Autumn  styles,  but  agents  received  some 
fair  orders  for  Spring  goods,  to  be  delivered  early  next  year. 

FOKEIGN  Dry  Goods. — From  importers'  hands  the  distribution 
of  foreign  goods  was  exceptionally  light,  and  mostly  confined  to 
the  smallest  possible  quantities  of  staple  fabrics  aud  goods 
adapted  to  the  holiday  trade.  Dress  goods  dragged  heavily  with 
importers  aud  jobbers,  and  an  auction  sale  of  "  Lupin's  "  fabrics 
and  fancy  dress  textures,  held  by  order  of  Messrs.  Benkard  & 
Button  was  only  a  moderate  success.  Paris  and  Vienna  broc^e 
and  imitation  India  shawls  were  in  moderate  request,  as  were 
black  merino  and  Cashmere  shawls.  Linen  goods  remained  very 
quiet  but  firm,  and  shirting  makes  were  in  some  cases  advanced 
by  importers,  owing  to  the  enhanced  cost  of  flax  and  yarns 
abroad.  Silks,  velvets  and  ribbons  were  distributed  in  moderate 
amounts  through  the  medium  of  the  auction  rooms,  but  at 
unsatisfactory  prices.  Woolen  goods  remained  dull  and  irregular 
in  price.  Holiday  handkerchiefs,  laces,  embroideries  and  gloves 
were  a  shade  more  active. 

Receipt*  ol  Domestic   Produce. 
The  receipts  of  domestic  produce  since  January  1, 1875,  and  for 
the  same  time  in  1874,  have  been  as  follows  : 


Jtzports  or  liamainK  Article*  from  New  Y«rK* 

The  following  table,  compiled  from  Custom  House  returns, 

shows  the  exports  of  leading  articles  from  the  port  of    New 

York  since  January  1,  1375,  to  all  the  principal  foreign  countries, 

and  also  the  totals  for  the  last  week, and  since  January  1.    The 

last  two  lines  (how  (otat  ti(i^u««,  including  the  value  of  all   other 

articles  besides  those  mentioned  in  the  table. 
«v    .'NI- -5  — o  f -ff  ..^  t-D  ioc*ot-o«  in  ??  t-o*.c  2T05J  t-^3  w5ooa-.^«»2!     -o 


Since    1    Same    It 

Since 

Same 

Jan.1,'75. 

time  1874  , 

.Jan.1,'75. 

time  1874 

Ashes pkgs. 

7,317 

8.381  '    Pitch..  . 

917 

3,430 

BreadstuSs— 

Oilcake.... 

.  pkgs. 

373,240 

178,389 

Flour tbls. 

3.639,377 

3,797,1  !fl  Oil,  lard.... 

5,87? 

3,431 

Wheat bush. 

:«.0M,B9i! 

41,473,7.r)   Pcaimts.  .. 

..bags. 

55,582 

.31,291 

21,tW,lll 

iS,58i,8-W   Provielous- 

OatB 

10.314,042 

10,541.93;!      Butter  ... 

.pkgs- 

1,010.461 

923,598 

Rye 

SSJ.Iil' 

Sll'^.liOSi'      Cheese... 

2,230,582 

1,996.490 

Barley  and  malt. 

4,.')82,738 

2,7i7.<i.><l' 

Cutmeats 

30^,520 

299,049 

Oraas  seed.bazs. 

GiJM 

liii,'J19| 

Kggs... 

427,837 

476,<ili6 

Beans bbls. 

70.910 

72,1  '6' 

PoFk.... 

....... 

131.102 

124.742 

Peas bu»h. 

5'J!..i30 

574,834; 

Beer.  ..  . 

38,018 

57,204 

C.  meal bbls. 

121. liO 

lt)8,li82 

Urd 

252.446 

249,853 

Cotton bales. 

715.447 

9,0,Wil;    Lard 

.kegs. 

1S,.505 

37.303 

Hemp bales. 

2,77o 

4,7«iiRice 

.pkgs. 

S6,5«l 

2J,261 

Hides No. 

2,643,705 

S,C57.000i:  Starch 

336,239 

313,768 

Hops bales. 

41,907 

34,0-21 

Stearine... 

17,577 

16,773 

Leather.  ..  sides. 

3,729.335 

3,5:9,818 

Sugar 

.bbls. 

89.019 

10,853 

Molasses.... hhds. 

4,2J5 

TaHow'. '.'.■; 

..hhds. 

13,973 

418 

Molasses..  .  bbls. 

39,4iO 

40,116 

.pkgs. 

21,123 

82.657 

Naval  Stores— 

Tobacco    . 

176.758 

857,021 

Cr. turp.  ..bbls. 

7,838 

12,193 

Tobacco... 

.hhds. 

45,157 

122.800 

Spirits  turpen, . . 

63.r.i 

73.387 

Whiskey... 

..bbls. 

148,644 

174.820 

Rosin 

477,553 
J2,813 

506.962 
46.455 

Wool bales. 

DresBedH02e..No. 

1        74,495 
1       46,968 

72.657 

Tar 

107.398 

s 


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HUNT'S    MERCHANTS'    MAGAZINE, 

REPRESENTING   THE    INDUSTRIAL    AND   COMMERCIAL  INTERESTS   OF  THE   UNITED  STATES 


VOL.  21. 


SATURDAY,  DECEMBER  25,  1875. 


NO.  548. 


CONTENTS. 


THS  OBBOKICLS. 


WIM  to  HMdfoI  Prarlou  to  R*. 

MBpCtOD 

Tb*  N«w  Tork  CIcarlac-BoaM 

■Dd  ibaTuaUoBof  Hrplaa.. 

Drawback  OB  Kotaad  Hatir 


Ulaai  MawaHi  J  la*  Oi»ni«fci«i 
■agUakHam.. 


Mawa. 


80( 


TBB  BAKKXKT  GAZaTTB. 


HoMV  MarkaLU.  S.  BaearitUa. 
Balhmy  Mo^  Gold  Harkat. 
Voraln  InlMafa,  If  aw  Tork 
atf^aaka.  Boatoa  Baaka, 
nflaMvkU  Baaka.  Natloiul 


ne    M> 

ofStoekaaadBoada  »• 

aw  Tork  Local  SacariUaa «W 

tamlaiiai  aad  Mau,  Otty  and 

(U 


OaaMMctal  Bplioaa. 


TOB  COMMBMCIAL  THUS. 
tlSIDfTOooda.. 


•IS 

tlS 


Pnoaa  Canakl.. 


«1 


9t)e  (lf)xonic[t. 

TbB  COKMBBCtAI.  ABO  FlBAJICIAI.  CBBOBIOLB  M  JMMatf  Ml  fiMwr- 

4ag  wttmktg,  with  tk*  taUit  mm  itp  U  midmigkl  •/  Fridaf. 


.    •!• 


nuaa  of  lOBBCBimOS-PATABLB  IB  ADTABCX. 

Tbs  COaxsactAL  aso  FuAacui.  CaMBHU,  dallnnd  by  oanlar  lo  dtj 
aabacrlban,  aad  aanad  la  all  oikane 
rarOoaTaar  ^ 
ParUsMaMki. 
Sabin<>daM  wfli  ba  aaaUsMd  aatfl  artead  Ma^pad  tf  a  wWi 
•ralSMyaMtaMaa  aftot.    Tba  PoMlabata  caaaol  ba  raapooalbU  for  I 
Uaeaa  aalaaa  laada  by  Orafu  or  Poat.<MBea  Kaaay  Ordan. 
AB^artl— aala. 
Tnaataal  adrattiaamaata  aia   pabUabad  at  IB  eaau  par  Una  for  <ack 
hManlaa,  bat  wkaa  ilwlatu  ardan  aiagliaa  ferkaa.ar»ara,  laaartlona.  a 
Ubaral  diacnaat  U  ■aii.    Bo  proalaa of  eaadBaoaa  pabUcaUna  la  tba  beat 
flaeaaaa  bagl«aa,aaall  adrarttavaaaat  havaaqaaloppartaattiaa.    Spaclal 
BatieM  la  Baaklm  aadFlaaadal  eolaau  M  caala  par  Oaa.  aack  laaartioa. 

••eaar  IkaOBHaMU  la  at  Nol>  AaMla  Prian,  Old  Bioad 


vat.  wkcra  aabaoMlaaa  M*  taaaa  at  Ika  (allowtac  lataa : 
AaaaalBabaulatlea  lo  tka  flknalidifladadlat  paab^a» 

SU  ■eatb*'  rnMcrlptlea  

wiLuta  a.  DA«A.    I 
,/«.| 


imat.  Tvom, , 


ptlea 

WUUAK  B.  DABA  ft  OO^  Pabllabat% 
_       . -  .^^^  jj 


79  < 


III 


WUUaa  StiaaL  NBW  tOKE. 
Fn*  Opvaea  Box  «an. 


'  A  aaat  ai»«otar  la  fafalabad  at  M aaata;  ■oalMt  aa  Ike  wme  I*  IS 

VataiBaabaaadtaraabaBrlbaraaltlM. 

i^T  A  WBlniaataf  tba Oonaacub  an  PmAaoAi.  OaaoaioLa— Jalj 
Vtm,  to  data— la  for  «!•  at  Iba  offira.  Alao  aaa  attoT  Baar'aMaaoBaaTa 
MAaAXna,  Mi  to  Itn,  lUty^brM  Tolaaaa. 


Tha  Badaaaa  Daaanaaet  af  Ika  CawaiaiLa  U   rnmaeoted  amooc 
lalaraaUlallavYartOltr  bylIr.riad.W.  Jobm. 


win  ba  boBBd. 


iV^Taiaawa  ar  Iba  oaasaicu  saatla  tba  pabOealiaa  aaea  win  ba  boBBd. 
aa  a  aauar  af  uiiaiaalwn,  far  rabaartkaia.  at  tl  so  aaak.  Tba  btodlac  la 
B«?ar  wUdtad.  aai  aaaa  dMcaHf  baa  haratataa  ailan  Itaa  tka  adaapra- 
aaataUaaa  s(  pattiaa  wbo  bava  aatldtad  bladlBc  aa  tkab  OWB  acooBat. 


WllT  II  HIIIFCL  PRKTIODS  TO  BKSUMPTION. 
A  noteworthy  revolution  has  occurred  in  public  opinion 
SB  to  the  preliminary  precautions  which  should  be  taken 
Mora  the  retmmption  of  specie  payments  can  be  actually 
Booonpliahed.  For  wme  years  after  the  greenback  ifwues 
began,  a  oonsiderable  number  of  our  people  were  inclined 
to  agree  with  Chief  Justice  Chase,  who  held  to  the  end 
of  hie  life  the  eooentric  opinion  that  the  best  preparation 
for  resomption  is  to  resume.  Daring  the  early  part  of 
oar  paper-money  history,  an  intelligent  clam  of  financial 
men,  here  and  abroad,  agreed  in  declaring,  that  for  this 
ooontry,  there  was  no  way  out  of  the  slough  of  paper 


money  but  by  a  convulsion  like  that  which  destroyed  at 
a  blow  the  French  assignats,  or  our  own  continental 
currency.  Between  these  two  extremes  there  have 
always  been  among  us  a  large  and  influential 
body  of  conservative  financiers,  who,  differing  on  minor 
points,  have  held  together  on  the  great  central 
doctrine  that  our  currency  could  be  brought  up 
to  par  with  coin  by  a  process  which,  thongh  long  and 
Brdnons,  would  not  of  necessity  precipitate  any  con- 
Tulsion  or  general  disruption  of  the  finances  of  the 
country.  •  These  three  sections  of  onr  people  may  be 
compared  to  the  crew  and  passengers  of  a  ship  at  sea, 
deprived  of  a  trustworthy  chart  or  oompass.  One  section 
of  the  agitated  community  are  ready  to  give  up  the  ship 
at  once.  Another  class  afSrras  with  rash  confidence 
that  the  ship  will  sail  right  into  port  with  her  precious 
freight  of  human  life,  and  without  any  special  care  on 
the  part  of  her  sailors.  The  third  and  more  silent, 
thongh  most  numerous,  body  of  the  assembly,  declare 
that  the  ship  can  be  saved  indeed,  but  only  by  the 
strenuous  labor  and  by  the  united  judicious  effort  of  every 
man  on  board,  organizing  and  devoting  himself  for  this 
special  purpose. 

In  illustration  of  these  views  we  might  make  copious 
citations  from  the  Treasury  reports  of  the  last  twelve 
years.  The  wonder  is  that  wo  find  in  these  docu- 
ments no  mnch  that  is  sound  in  economic  doctrine 
and  so  little  of  what  is  false.  The  Edinburgh  Review  was 
one  of  the  first  of  the  leading  organs  of  European 
thought  to  recognise  the  soundness  and  wisdom  with 
which  our  Treasury  has  been  conducted  since  the  war. 
In  an  article  on  our  financial  resources  some  years  ago 
that  review  directed  the  attention  of  its  readers  to  the 
bright  side  of  our  finances,  and  by  exposing  the  truth  as 
to  our  economic  and  monetary  condition  it  did  something 
to  help  that  dovclopment  of  the  incipient  demand  for  our 
Government  bonds  in  England,  which,  in  snbsequont 
years,  resulted  so  much  to  the  benefit  of  both  nations. 
^  TTlere  have  been,  however,  as  we  have  said,  not  a  few 
defects  in  our  Treasury  management  in  past  years.  Mr. 
Spaulding  calls  attention  to  some  of  these  in  a  letter  to  the 
Secretary  of  the  Treasury.  He  says  very  truly  that  Mr. 
Bristow's  late  report  u  "the  first  in  which  the  Treasury 
has  ever  set  forth  officially  the  real  purpose  and  object  of 
the  original  legal-tender  act."  What  is  meant  here 
obviously  is  that  Mr.  Bristow's  l.tst  report  has  stated  most 
clearly  that  the  original  purpose  of  the  act  of  February, 
1862,  which  first  authorized  legal  tender  greenback*,  was 
to  fund  both  those  greenbacks  :ind  also  the  other  floating 
debt  of  the  United  States  into  a  five-twenty  bond,  bear- 
ing 0  per  cent  interest  in  coin,  so  that  the  greenbacks 


602 


OTE  CHEONICLR 


[December  25,  1875. 


should  not  be  re-issued  after  the  war  exigency  had  passed. 
That  tliis  fundamental  principle  of  our  currency  sys- 
tem has  been  too  much  ignored  by  the  public  and  by 
Congress  is  no  doubt  true.  In  this  fact  we  have  perhaps 
the  chief  reason  why  it  has  not  been  set  in  as  full  promi- 
nence in  previous  Treasury  reports  as  in  that  which  hag 
just  appeared.  However  this  may  be,  Mr.  Bristow  now 
distinctly  states  that  "  the  original  legal  tender  act  was 
regarded  and  treated  at  the  time  of  its  adoption  as  a 
temporary  war  measure,  made  necessary  and  justifiable 
only  by  the  exigency  of  war,  which  taxed  all  the  re- 
sources and  energies  of  the  nation,  and  that  it  was  not 
in  the  minds  of  those  who  devised  and  consummated  the 
scheme  that  the  Government  was  about  to  enter  upon 
the  issue  of  an  irredeemable  paper  currency."  In  con- 
firmation of  this  position  we  may  appeal  to  the  undoubted 
fact  that  on  no  other  grounds  could  the  legal  tender  law 
of  February,  1862,  have  been  passed  in  the  then  state  of 
public  opinion  on  the  subject.  The  greenback  notes 
would  never  have  been  made  a  legal  tender,  unless  to 
enable  them  to  fulfil  a  temporary  purpose  and  to  play  a 
subordinate  part  in  our  war  finance. 

'ine  chief  value  of  this  principle  is,  h6wever,  derived 
from  the  light  wliich  it  throws  on  the  policy  of  resump- 
tion and  on  the  preliminaries  which  are  best  for  the  pro- 
motion of  speedy  success  in  the  work.  If  the  green- 
backs were  a  temporary  issue,  they  are  so  still ;  and,  if  it 
was  originally  intended  to  fund  them  in  bonds,  that 
expedient  is  in  full  accordance  with  the  policy  of  resump- 
tion as  it  has  been  from  the  first  projected  in  our  scheme 
of  currency  legislation.  These  preliminaries  are  summed 
up  as  follows  by  Mr.  Spaulding  in  the  letter  above 
referred  to.  If  Congress  is  firm  and  judicious  in  its 
legislation  it  will  be  able  to  conduct  us  back  to  the 
gold  standard  without  materially  affecting  in  an  unfavor- 
able manner  the  legitimate  business  of  the  country- 
He  adds  that  "  to  make  resumption  easy,  Congress  must 
increase  the  revenue,  stop  the  sales  of  gold,  and  provide 
for  finiding  the  large  surplus  of  greenbacks  which  are 
not  required  for  legitimate  business,  and  also  require  the 
national  banks  to  obtain  and  hold  a  part  of  their  reserves 
in  gold.  It  is  necessary  that  more  gold  should  be  accu- 
mulated in  the  country  to  supply  the  place  of  the  green- 
backs retired.  Coined  money  must,  to  a  large  extent,  take 
the  place  of  the  greenbacks,  in  order  to  permanently  main- 
tain the  gold  standard."  The  most  essential  preliminary, 
however,  to  a  successful  resumption  of  specie  payments 
is  a  general  conviction  and  determination  pervading  the 
public  mind  that  specie  payments  will  actually  be  re- 
sumed at  the  time  fixed  by  the  law,  and  that  the  general 
business  of  the  country  must  be  conducted  in  view  of 
that .  approaching,  inevitable  change.  Among  the  sig- 
nificant indications  that  this  conviction  is  establishing 
itself  in  public  opinion,  we  may  call  attention  to  the  fact 
that  long  bonds  of  good  railways  are  rising  in  value. 
These  securities  fell  with  the  depreciation  of  the  cur- 
rency below  the  value  of  coin;  it  is  natural  that  they 
should  rise  with  the  expected  appreciation  of  the  cur- 
rency by  the  salutary  restoration  of  specie  payments. 


THE  NEW  YORK  CLE.4RISG  HOUSE  AND  THE  TAXATION  OF 
SURPLUS. 
A  report  is  preparing  and  will  be  published  in  a  few 
days  on  the  recent  action  of  the  State_  authorities  in  re- 
gard to  the  taxation  of  the  surplus  of  the  banks.  A 
remedy  is  to  be  sought  by  legislation  both  at  Albany  and 
at  Was-hington.  The  tax  in  question  is  open  to  serious 
objection  on  several  grounds.     In  the  fint  place  it  will 


tend,  if  it  be  enforced,  to  weaken  the  banks  at  the  very 
time  when  every  consideration  of  expediency  and  of 
financial  statesmanship  combines,  to  urge  the  legislature 
to  give  to  the  banking  mechanism  of  the  country  all 
possible  aid  to  meet  the  pressure  of  approaching  resump- 
tion. How  the  enforcement  of  this  tax  will  tend  to 
weaken  the  banks  is  suggested  very  significantly  by  what 
has  already  occurred.  This  week  the  New  York  County 
National  Bank,  a  small,  well-managed  institution  of  this 
city,  has  voted  to  divide  a  large  part  of  its  surplus  among 
its  stockholders.  Several  other  banks  have  done  the  same 
thing  or  are  about  to  do  so,  and  it  is  easy  to  see  that  if 
the  agitation  of  this  new  movement  is  not  stopped  one 
of  the  effects  of  it  will  be  the  early  distribution  of  an 
important  portion  of  the  surplus  of  our  city  banks,  and 
its  division  as  extra  dividends  among  the  shareholders. 

Secondly,  this  tax  of  three  per  cent  on  the  surplus  of 
our  banks  violates  one  of  the  cardinal  rules  of  all  just 
taxation  on  banks  and  monetary  institutions.  To  under- 
stand this  we  need  simply  to  consider  for  a  moment 
what  the  surplus  really  is,  and  how  it  has  been  accumu- 
lated by  the  Clearing  House  banks.  The  surplus  is 
neither  more  nor  less  than  an  insurance  fund,  consisting 
of  undivided  profits,  and  lying  back  of  the  ordinary 
capital  of  a  bank,  to  guarantee  the  solvency  of  the 
institution  and  to  secure  the  payment  of  its  depositors. 
The  greater  the  surplus  of  any  bank,  the  greater,  other 
things  being  equal,  is  the  safety  and  protection  of  the 
public  in  dealing  with  that  bank.  Our  national  banking 
system  has  established  the  surplus  as  a  fundamenta 
part  of  its  organization.  It  is  provided  for  by  the 
following  section  of  the  National  Currency  act  of  1864: 
"  The  directors  of  any  association  may  annually,  each 
year,  declare  a  dividend  of  so  much  of  the  net  profits  of 
the  association  as  they  shall  judge  expedient;  but  each 
association  shall,  before  the  declaration  of  a  dividend, 
carry  one-tenth  part  of  its  net  profits  of  the  preceding 
half-year  to  its  surplus  fund,  until  the  same  shall  amount 
to  twenty  per  centum  of  its  capital  stock."  The  stability 
and  strength  of  our  national  banking  system  have,  no 
doubt,  been  in  part  developed  by  this  important  provi- 
sion, so  that  -pro  tanlo  they  would  be  impaired,  and  they  are 
now  threatened,  by  any  hostile  legislation  which  imposes 
a  tax  upon  the  surplus.  In  this  respect  the  surplus  stands 
on  similar,  ground  with  the  cash  reserve.  As  the  StJite 
government  could  not  impose  a  tax  on  the  latter,  so 
neither  can  it  impose  a  tax  on  the  former. 

A4hird  objection  to  this  new  tax  is  that  it  is  not  un- 
likely to  bring  on  a  collision  between  the  State  and 
federal  jurisdiction,  similar  to  that  we  recently  noticed 
in  the  penalties  for  usury.  By  the  United  States  curren- 
cy law  the  banks  are  compelled,  as  we  have  just  seen,  to 
lay  up  as  a  surplus  fund  one-tenth  of  their  annual  profits. 
It  is  well  known  that  the  best  of  our  city  banks  have 
accumulated  a  large  surplus,  and  that  public  opinion 
requires  that  this  fund  should  be  kept  up.  Hence,  a  few 
banks  have  met  this  demand  for  a  large  surplus  by 
accumulations  far  exceeding  the  20  per  cent  of  the  capi- 
tal which  the  law  requires.  Up  to  this  year  such  accu- 
mulations of  bank  surplus  have  been  regarded  with  special 
favor,  and,  partaking  of  the  nature  of  a  guarantee  or 
insurance  fund,  they  have  been  free  from  taxation.  These 
being  the  facts,  it  is  argued  that  as  the  surplus  fund  has 
been  created,  and  is  enforced  by  the  direct  injunction  of 
the  United  States  laws,  and  as  the  State  government 
has  never,  till  lately,  attempted  to  subject  it  to  taxation, 
the  present  attempt  is  repugnant  botli  to  the  prin 
ciples  of  equity  and  to  the  Constitution  of  the  United 
States.     The  right  to  tax  according  to   Chief  Justice 


December  25,  1875.1 


THE  CHRONICLE 


603 


Marshall  "involves  the  right  to  destroy."  If  then  the 
State  government  has  no  right  to  destroy  the  surplus 
of  the  national  banks,  so,  by  parity  of  reasoning,  has  it 
no  right  to  tax  the  surplus  at  all. 

There  are  other  current  arguments  against  the  new- 
tax,  to  which  it  is  not  neceas.iry  to  call  the  attention  of  our 
readers  in  this  preliminary  stage  of  the  discussion.  It  is 
by  many  good  authorities  r^^arded  as  certain  that,  so  far 
as  the  national  banks  are  concerned,  the  tax  stands  little 
chance  of  l>eing  perpetuated.  Accordingly,  most  of  the 
)>anks  will  pay  it  under  protest.  But,  if  the  tax  will  have 
to  be  refunded  to,  and  cannot  be  enforced  against,  the 
national  banks,  it  would  seem  that  the  tax  must  of  neces 
sity  be  taken  off  their  rivals,  the  State  banks;  for  other. 
wise  an  anomaly  of  a  very  serious  character  would  be 
created.  We  should  have  a  discrimination,  both  offensive 
and  unjust,  put  in  force  against  the  State  banks,  and  this 
would  be  done  by  the  very  legislature  which  created 
the  bank.*,  and  is  bound  to  protect  them  as  far  as  pos- 
sible from  such  injustice.  It  ia  worthy  of  remark,  more- 
over, that  the  present  times  are  sufficiently  hard  for  the 
banks,  and  the  difficalty  of  their  making  living  profits  is 
sufficiently  formidable,  to  cause  an  enlightened  Legisl.*!- 
turu  to  pause  before  adding  to  those  difficulties  by  need- 
less and  meddlesome,  or  inequitable  taxation. 

As  the  report  which  the  Clearing  House  has  prepared 
nn  this  subject  will  so  soon  be  in  the  hands  of  the  public, 
we  shall  not  enter  on  the  second  branch  of  our  discos 
sion — that  of  the  proper  legislative  remedy — until  we 
have  seen  the  document  which  has  been  so  carefully 
prepared.  A  full  and  candid  examination  most  also  be 
(pven  to  thr>  arguments  of  the  advocates  of  the  new  tax. 
The  authorities  of  this  State  have  in  some  quarters  been 
subjected  to  severe  reprehennon  for  their  recent  ac- 
tion in  enforcing  this  tax;  but  it  is  obviously  wrong  to 
'•lame  these  men  for  carrying  out  tlio  law.  They  have 
.one  no  more  than  their  sworn  duty  in  the  premises; 
and,  as  we  have  hinted  above,  the  remedy  lies  in  new 
legislation.  This  is  the  appropriate  core  for  the  evils 
complained  of.  Our  Xew  York  Clearing  House  have 
done  well  to  recognixe  this  fact,  and  we  hope  they  will 
not  allow  side  issues  to  be  mixed  up  with  the  principal 
question.  If  thoy  will  only  agree  to  concentrate  their 
efforts  on  the  single  object  of  ref>ealing  the  mischievous 
tax  en  the  snrpliu,  they  will  probably  succeed ;  if  not, 
they  may  perhaps  fail.  The  force  of  public  opinion  in 
this  dispate  is  decidedly  in  favor  of  the  banks. 


BIIWBICK  M  lEFISED  SDGil. 
The  rebate  on  refined  sugar  appears  to  have   been 
settled  the  past  week,  at  least  for  the  present,  by  the 
issue  of  the  following  order  from  the  Treasury  Depart- 
ment: 

TKBASCKT  CiaCUUUL 

WASBTXOTOir,  DseMBber  17. 
"The  followiog  rate*  of  drawback  on  R«flnad  Bogsni  and  Byrao 
whollj  muiafketarsd  from  importod  Baw  Saipir  •!•  berebj 
MtaUltbed  Id  Ilea  of  that*  heralofBrs  la  foroa :  Oa  Loaf,  Cut- 
Loaf,  Cnubed,  Ormaalalad  and  Powd««d  Bslaed  Sagar,  itora. 
4lM,  ordflod  hf  Mb*r  aquanj  oflbetiTO  prnew,  ntlrely  the 
BrDdast  of  fbMin  doty-paid  Sagar,  tbrao  and  tixtj  one- 
feaadndtlM  (S  tO-lOO)  oenta  per  Ppaad  ;  oo  Bolaad  White  CoSee 
■agar,  aadilsd  and  above  No.  90  Dateb  slaadaid  iaeelor,  entirely 
tbs  plMlaol  a<  ttnUpt  daty-paid  Bogar,  tbioe  eaola  per  poaod  ; 
oa  ell  tirades  oC  Bedaed  Omm  Bacar.  No.  90  Dateh  standkH  aod 
beloir  is  eoht,  ealliely  tttm  ytadaet  of  tonifB  daty-p«id  Sui^r, 
two  aad  oa*.ba]i(3i)  coats  per  pooad ;  on  Syrap  resalting  entire- 
ly froM  lk«  Badalaf  of  foreiga  datypaid  Sagar,  lix  end  one- 
qoartor  (6|)  seats  per  falloa.  Tbe  allowaacee  oo  Saffara  to  be 
eabjeet  to  tho  dedaettoa  of  one  per  cent.,  andthe  allowenre  oa 
Ryrap  to  tbe  dodaetloa  of  10  per  cent.,  as  preeeribrd  by  law." 

Tbos  we  have,  according  to  tbe  April  order,  a  draw- 
back on  Hard  Refined  Sagar  of  3}a,  less  I  per  cent ;  ac- 
cording to  the  October  order,  3  21-1000.,  less  1  per  cent.; 


and  now  in  December,  3  GO-lOOc,  less  1  per  cent.;  while 
Soft  "White  Sugars,  on  which  the  drawback  w.is  but  2^c., 
less  1  percent,  are  how  raised  to  3c.,  less  1  per  cent.  This 
certainly  is  a  very  liberal  arr.iiigoment  for  the  refiner, 
the  duties  on  Raw  Sugars,  Xos.  10  to  13,  being,  aa  we 
make  it,  only  a  little  over  T8  per  cent,  of  the  drawback 
on  Refined.  It  would  not  seem  as  if  this  could  be  a  per- 
manent settlement.  In  the  meantime,  however,  the 
expoit  of  Refined  Sugar  is  likely  to  be  continued  on  a 
large  scale.  This  will  be  a  good  feature,  and  it  remains 
for  the  people  te  say  whether  they  are  p.iying  too  much 
for  it. 


Cateat  inoiietarn  aiiii  (Sainincrcial  ^iialisl)  Htw^ 


Sttxtt*i«    narKat  Kaporla— Per  Cable. 

Thednilycloiila?  quotations  lathe  markets  nl  Ijoninn  and  Liver, 
pool  lor  tbe  past  week  have  l>eun  roported  by  cable,  na  shown  la 
the  following  aummary : 

Lamden  Moiuf  and  aUck  Mmrktt.—  The  ballioo  in  the  Bank 
of  Baglaad  haa  decreased  £607,000  duriuK  t>>e  week. 

Bat        Mod.       Toes.      Wed.       Thar.        Fn. 

n  is-i«  n  i.'^is  n  it-m  9s  iuk  k  i3-is  m  mu 

M  1S-1«  M  1S-I6  »  lS-14  n  14-16  V  15-16  M  1-IS 
O.S.to(S-IOa,)iaH,old.lO«i<   ;04     101     104     104     104 

un —  :o»V    iirt         107        vn>i       ims'       im 

0. 8.  l»40a 10«M      ItK)*         1(«X       HOV         luiv         10«V 

Raw  5s I(B         lOi  lOS  U»  iOtJi         106 

Tbaqaotatioas  lor  United  Htatee  new  Bvna  at  Kraaklon  #ere 

n.8.Bew«Te» WH       »X  

U»trp4ot  Cotton  Hirki'.. — See  apeoial  report  of  cotton. 

LUtrptol  Brtadttujfi  Market.— 


Ooosolsloriaoneir.  . 


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(Sommerciol  anb  iilUJCcUaiitous  Nrius. 

iMPoars  aND  BXPOBTS  roR  tiik  Wkkk.— The  iiuDorta  ibis 
ireek  abow  a  decrease  In  dry  i{oo<ls  and  ao  increase  la  veoeral  mer. 
ehandlee.  Tb>'  total  iinporis  aiaounl  to  f.5,^71>,dl0  this  week, 
affaliiSrSUuMI'i  last  weHk.  and  $8,417.12 J  ilie  prxrious  week. 
Tboeaporta amount  to  %n^iS9,0OO  tUia  yn)ek.,tg^inai  $0,010,980  laat 
week  anil  |i5,160.8<>l  th>- i>rerioaB  week.  Tli«  HX|>orta  of  cotton 
tbe  poet  week  wnrr  ll;i.*i)  bales,  against  18, UOO  balea  laat  week. 
Tbe  lollowinitaTethe  Importa  at  Xew  York  tor  week  endin);  (for 
dry  ffooda)  Dec.  IS,  aod  for  tbe  weak  endlnir  (for  general  mer- 
ehandiael  Dec  17  : 


roaatea  laroma  at  new  tohk  mb  vaa  woaa. 


1171. 

DryieoSa tl.l8«.ft7a 

aaaaaal  ■erckaadUe...       6,r4S.13J 


»r.!»«.7ll 
407411.668 


1878. 
8674.15) 

4,14V,7M 

tBa»'.«6i 

HS,«78,I7« 


1874. 

tl.4ri7.Wl 

5.954.488 

»8,:  11,774 
37U,b7;,ltIM 


1878. 
f!)«.H.S6I 
4,3:5,956 

fA.t7!l,5l8 
Sll,8l.-,e49 


Total  for  tat  week.. 
Prerteaalr  repeated.... 

aiaeeJaa.1 MU.IUM*     •873,9«.«7      trT^mwi)    1818,855,185 

laoarreport  of  tbedry  (roods  trade  will  be  f oand  the  importaof 

dry  (oodator  one  week  later. 
Thstollowlnff  is  aatatoment  of  tbe  esporte(exolaaive  of  specie) 

tiomthsportof  Now  York  to  foreign  port8,f%r  the  week  ending 

Dsessabsr  >t: 


601 


THE  CHRONICLE 


IDsjcemUr  25,  1875. 


■ZPOBTa  FBOH  HIW  TORK  rOB  TBI  WIBK. 

1871.       1873.       1874. 

For  the  week tS,70!!.MI        |5,518.R47        t3.806.8SU 

PienoDsly  reported 32S,590,C47      3$7,T3S,(»4       ii76,Se3,778 


Since  Jan.  1 t23I,392,688     t293,;71.8r:     (-231,673,0^     $351,767,863 

The  following  will  show  the  exports  of  specie  from  the  port  of 
New  York  for  the  w'eek  endinj;  I>ec.  18,  1875,  and,  since  the 
beginning  of  the  year,  with  a  comparison  for  the  corresponding 
date  in  prevlons  years : 

Dec.  16— Str.  Frisl* Ilimbarg . Silver  b«r< $71,802 

Paris Silver  bars 158.063 

Londou Silver  bars 60,000 

Gold  barn...     10,0(0 

Dec.  IS— Str.  Baltic Liverpool Silverbars 13.000 

Mexican  dollars 22,378 

Dec.  18— Str.  City  of  Rlcbnioud.Llveipool Mexican  dollars JS.OOO 

.\mer.  silver  coin 5,C^Jo 

Silverbars .14,500 

Dec.  18— Str.  Oder Sonthampton ...  Gold  bars .. .  SS,01« 


Total  for  the  vreek $414,750 

Previously  reported 67,971,746 


Total  since  January  1, 1875 $68,336,495 

Same  time  in—  f     Same  time  In— 

1874 $57.<'S5.9!3  I  1869 $.S1.227,lfl0 

1878 , 48.55(,,710  I  1868 70,109,991 

ie7» 69.66).950  I  1367 48,564,601 

1871 61.53-2,058  1 1S66 60,7';0,5a8 

l870 68,384,86S  I 

The  imports  of  specie  at  this  port  during  the  past  week  have 
been  as  follows  : 

Dec  13— str.  Clarlbel Port  su  Prince.. Silver  coin 8833 

Dec.  13 — Str.AcapaIco Aspinwall Silver  coin 

Gold  coin 

Silver  bullion 

Dec.  16— Str.  City  of  Mexico ....  Veni  Cruz Silver  coin 

Gold  coin 

Silver  bars 

Dec.  16— Str.  Wilmington....  .Puerto  Plata..  .Silver  coin 

Gold  cola 

Dec.  17— Str.  Weiland Havre  Gold  coin 

Dec.  17— btr.  Etna Sivanilla Silvercoin 

Gold  coin  .  

Gold  bars 


3,983 

4.000 

2.884 

84.705 

20,945 

I.OCO 

5.115 

780 

3i8 

400 

l,S2o 

1,122 

Total  for  the  week  $106,821 

Previously  reported 12,748,581 


Total  since  Jan.  1,  1875 $12,350,403 

Same  tune  in—  I     Same  time  In— 

1874 |6.184.4W|  1869 $14,9:5,000 

1878.... 18,6:i8.756  I  1368 7,013,851 

1872 5,5',6,061     1867 3,145,593 

1871 S.58i.fi79|  1866 9,624,432 

1870 11,550,710  1 

National  Trkasurt. — The  following  forms  present  a  sum- 
maTj  ofcertaia  weekly  transactions  at  the  National  Treasury. 

1. — Securities  heild  by  the  U.  ir',.  Treasurer  in  trust  for  National 
Banksand  balance  in  the  Treas.try 


Week 
endlnE 

1875. 

Sept.  11.. 
Sept.  18. 


For         For  U.S. 
Circulation.  Deooslts. 


Total. 


Coin  cer 

-Bal .  in  Treasury.—,    tiflcates 

Coin.      Currency,  outst'd'g 


Oct.  9.. 
Oct.  16. 
Oct.  23 


18,792,200  -302,174,962  66,730,316      2.029,615    16,389,400 

18,792,200  891,869,962  65,927,109      2,023,915    13,722,400 

18,792,200  390,942,962  66,921,152      1,9-25,927    12,435,000 

18.7K2,-100  390,271,463       

!8,7S2,-20O  3f8,f.73,962  63.784,332      4,968,029    12,477,100 

lS,7,i2,-200  S37,639.4!2  70,47-2,606      6,7i6,1H6    1-2,776,600 

18,760,000  3bi;.679,9n  69,070,408       6,5!9,871     11,562,300 

18,730,000  3=16.529,412       

18,730,0OJ  385,888,312  72,01-2.514      9,251, IJO      16,069,900 

18,7-24.600  384,873,312  71,461,1573      9,862..366     17,435,400 

18,676,500  88i,S!7,412  71, -17-2,045      9,570,478     lil,076.300 

18,676,500  384,506,412  73,318,160    10,713,468     19,726,500 

18,675,500  384.306,9)2        

18,6-26,500  S8J,9i),ftl2       

18,626,500  333,316,612  69,20S,-263      9,.»44,U1     21,447,000 

3. — National  bank  currency  in  circulation;  Jractional  currency 
received  from  the  Currency  Bureau  by  IT.  S.  Treasurer,  and  dis 
tributed  weekly ;  also  the  amount  of  legal  tenders  distributed : 


873,382,762 
373.077,762 
Sept.  25..  372,150,762 
Oct.  2...  371,439,362 
3u9.791.763 
368,857,213 
868,119,917 
Oct.  30..  567,799.413 
Nov.  6...  366,658,313 
Nov.  13..  366.1.W.812 
Nov.  20..  366,150.912 
Nov.  27..  365.829,912 
Dec.  4...  36.5,631.412 
Dec.  11..  365,in,412 
Dec.  18..  364,690,112 


Week 

ending 

1875. 

Sept. 11 

Sept.  18 

Sept.  -26 

Oct.  2 

Oct.  9 

Oct.  IS 

Oct.  23 

Oct.80 

Nov.  6 

Nov.13 

Nov.20 

Nov.27 

Dec.  4 

Dec. 11 

Dec.  18 


Notes  in 
Circulation. 


— ■Pracllonol  Currency.-^  Leg.  Ten. 
Received.     Distributed.  DIstrib'd 


347,980,000  .3.430.685 

347,578,483  2,821,180 

347,720,283  651.000  2,56:.<95 

346,994.198  719.000         ' 3.021.14:3 ' 

346,769,833  ......  3.100.000 

346,813,770  3,750,C00 

344.458,128         

346,805,616  ....:. 

315,799,108  

345,bO-2,278  

345,160,913  

344,753.821  

345,166,594  ...  ..  

314,031,984  

343,933.-278  

Toledo  Wabasli  &  Western.— The  Foreclosure  Committee 
publish  a  notice  to  bondholders,  in  which  tliey  say  : 

When  the  affdira  of  this  road  were  put  in  the  hands  of  a  receiver, 
last  Spring,  there  was  a  floating  debt  due  of  upwards  of  13,200,000, 
the  larger  portion  of  which,  being  for  labor  and  supplies,  tlie 
Court  ordered  to  be  paid  out  of  the  first  net  earnings. 

The  holders  of  the  gold  mortgage  bonds,  being  the  junior  wort- 
gage  and  the  only  one  covering  all  the  property,  instituted  pro- 
ceedings for  foreclosure,  and  on  the  14th  of  this  n  onth  a  decree  of 
foreclosure  and  sale  was  granted  by  the  Court  in  Ohio,  which 
will  be  confirmed,  we  think,  within  sixty  days,  in  Indiana  and 
Illinois ;  then,  after  sixty  days'  advertising,  the  property  will  be 
sold  subject  to  all  prior  liens. 

When  finally  accomplished,  it  is  proposed  to  offer  sucli  a  fund- 
ing scheme  as  shall,  after  the  most  careful  consideration,  seem 
proper  and  just  to  all  parties,  preserving  the  order  of  priorty  of 
each  class  of  security,  it  being  further  provided  that  all  net  earn- 
ings, besides  what  is  necessary  to  spend  on  the  property,  shall  be 
uaed  to  pay  the  current  and  past -due  interest. 


It  is  contemplatod,  in  the  absence  of  other  purchasers,  that  we 
shall  purchase  the  property  for  the  benefit  of  the  gold  mortgage 
bondholders,  and  form  a  new  company  which  will  be  controlled 
by  responsible  partes,  having  a  very  large  interest  in  protecting 
all  the  prior  liens.  This  proceeding  will  reduce  the  interest-bear- 
ing liabilities  of  the  company  about  flO.OOO.OOO.  The  liolders  of 
the  gold  bonds,  as  well  as  the  creditors  for  all  borrowed  money 
with  gold  bonds  as  collaterial,  will  receive  stock  of  the  new  com- 
pany  in  payment. 

Virginia  I'inances.— The  following  is  from  the  Second  Audit- 
or's  report  for  the  fiscal  year  ending  September  30,  ISiS  : 

The  amount  assumed  by  Virginia,  exclusive  of  bonds  held  by 
the  literary  and  sinking  funds,  is  |29,514,428  38  ;  that  appor- 
tioned to  West  Virginia,  $15,2;{!»,370  74.  Amouut  of  tax-paying 
coupon  bonds  issued,  |18,881,500;  registered  bonds  and  fractional 
cortiCcates  which  may  be  converted  into  tax  paying  coupon  bonds, 
$1,355,51.5  80  ;  total  consolidated  debt,  $20,237,015  80.  Amount 
of  debt  funded  and  to  be  funded  in  bonds  whoso  coupons  are  not 
tax-pnyiug,  $!1,277,410  58. 

The  whole  amount  of  tax-paying  coupons  issued  and  due  since 
July  1,  1871,  is  $4,062,915,  of  which  there  ha.s  been  paid  into  the 
treasury  for  taxes,  $3,250,822  ;  cashed  at  the  treasury  as  two- 
thirds,  with  certificates  for  the  deferred  one-third  interest,  $1,- 
044,775;  leaving  $707,318  still  outstanding.  The  Auditor  says  ; 
"  It  is  fair  to  estimate  that  about  *900,000  of  these  consolidated 
coupons  will  come  into  the  treasury,  annually,  for  taxes,  until  the 
State  can  resume  regular  payment  of  four  per  cent,  interest." 

In  regard  to  the  amount  of  interest  to  be  provided  for,- the 
report  says :  "Amount  of  interest  on  debt  proper  for  the  year  end 
ing  30th  September,  1875,  at  four  per  cent  on  the  six  per  rent 
delit,  and  tliree  and  one-third  on  that  bearing  five  per  cent,  afttr 
deducting  coupons  received  for  taxes  to  this  date,  $854,403  30  ; 
amount  due  for  arrears  of  interest  at  tlioee  rates  to  iate,  $315,- 
460  93  ;  total,  $1,199,864  29.  And  this  includes  all  the  past  due 
coupons  outstanding,  including  those  of  July,  1875,  at  the  rate  of 
four  per  cent  per  annum,  so  that,  to  the  extent  to  which  such 
coupons  may  come  into  the  treasury  for  taxes,  one-third  of  their 
face  value  must  be  added  to  the  above  amount  as  necessury  to 
meet  the  demands  to  this  time." 

The  sura  of  $1,676,036  96  is  stated  by  the  report  to  be  "  the 
amount  to  be  provided  for,  for  the  payment  ot  interest  prescribed 
by  law  up  to  the  end  of  the  current  fiscal  year,  September  30, 
1876,  to  the  literary  fund  and  the  sinking  fund,  and  for  payment 
of  interest  at  four,  and  at  three  and  one  tiiird  per  cent  per  annum 
on  the  public  debt  proper  to  the  30th  of  September,  1875.  The 
Auditor  says  that  he  has  no  means  of  knowing  positively  where 
the  debt  of  the  State  is  held,  but  an  approximate  estimate  is  that 
$8,000,000  is  owned  by  citizens  and  corporations  in  Virginia, 
$13,000,000  in  other  States,  and  $8,514,426  38  in  foreign  countries. 

— The  Home  Fire  Insurance  Company  has  just  issued  a  hand- 
somely illustrated  calendar  for  1876.  On  the  front  side,  besides 
the  calendar,  are  beautiful  chromo  pictures  of  the  Battles  of  the 
Revolution,  while  upon  the  reverse  side  is  a  fine  letter  press 
description  of  ihose  Battles,  wliich  were  the  means  of  establishing 
American  Independence.  Taken  altogether,  this  pretty  piece  of 
work  seems  to  bo  worthy  to  come  from  the  office  of  such  a  company 
as  the  Home  Fire. 

— We  call  attention  to  the  advertisement  of  Messrs.  F.  W, 
Gilley,  Jr.,  &  Co.,  in  our  to-day's  issue,  desiring  to  buy  Indiana, 
Ohio  and  Michigan  Siate  bonds.  Parties  holding  these  securities 
would  do  well  to  correspond  with  the  afore-mentioned  house,  as 
they  make  a  specialty  of  dealing  in  first-class  investment  stcuri- 
tie.i,  and,  being  well  known  in  that  line,  can  probably  offer  a  better 
market  for  these  bonds  than  could  otherwise  be  obtained. 

— Attention  is  called  to  the  banking  card  of  Messrs.  Vermilye 
&  Co.,  10  and  18  Nassau  street,  N.  Y.  It  is  haidly  necessary  to 
refer  to  the  re<!ord  of  this  prominent  firm,  as  their  passing  safely 
through  the  panic  of  1873,  in  whicli  so  many  ot  the  principal 
banking  houses  succumbed,  gave  them  a  strength  and  prestis/i- 
which  can  not  be  forgotten.  In  Government  bojd  dealings,  par- 
ticularly, the  house  has  been  conspicuous  for  its  large  business. 

— The  card  of  the  State  National  Bank  of  New  Orleans  will  be 
found  to-day  in  our  advertising  columns.  Situated  at  the  leading 
commercial  city  of  the  South,  having  a  paid-up  capital  of  $850,- 
000,  and  with  well-known  correspondents  in  London,  Paris,  New 
Vork,  and  San  Francisco,  this  bank  apparently  offers  to  mer- 
chants and  others,  every  available  facility  for  the  transaction  ot 
their  business. 

— The  old  established  Oriantal  Bank  has  declared  its  usual  semi- 
annual dividend  of  six  per  cent.,  payable  to  stockholders  on 
January  3  next.  The  Oriental  Bank  has  completely  re-built  its 
banking  house  on  the  corner  of  Grand  street  aud  the  Bowery, and 
will  re-occupy  the  premises  in  about  two  months.  The  edifice  is 
peculiarly  adapted  to  the  requirements  of  the  bank,  besides  con 
taining  a  large  number  of  eligible  offices  for  lawyers,  etc. 

— The  Merchants'  Exchange  National  Bank  of  the  City  of  Newj 
York  has  declared   a  dividend  of  four  per  cent.,  free  of  tax,  pay 
able  on  and  after  January  3  ;  until  which  date  the  transfer  booki 
remain  closed. 

— Attention  is  called  to  the  notice  to  the  Toledo  Peoria  &  War? 
saw  Railroad  first  mortgage  bondholders,  requesting  them  to 
address  the  committee,  care  of  Jacquelin  &  De  Coppet,  19  New 
street. 

— The  Tradesmen's  National  Bank  has  declared  its  usual  semi- 
annual dividend  of  five  per  cent.,  payable  on  and  after  January  3 
next. 

— The  Chatham  National  Bank  has  declared  the  usual  semi, 
annual  dividend, (of  five  per  cent,,  payable  on  and  afterJJanuary  3 


u 

8 


DesMsber  25,  lb75.] 


THE  CHRONIOT.F. 


605 


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MOBILE  &  OUIO  BAILBOAD  COMPANY. 

jfasoB,  I>«««aber  W,  16'S. 
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lBclaaiT«(  aeeonUBC  ta  iha  ttatenaoU  illed  In  Clrcalt  Ooartof  (he  Unltid 
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tm,l7i  48 
Jai»aaa>»  of  airarr  kind,  lacamd  apoa  aO  parllou  of  the  road 
Ita  MpiOTaaaat.  aad  (k*  tamrora— at,  awlalaaaaaa  aad  latraaia 


tU^SM4a 


ralllBff  ataakor  aacbJaanr,  anUcladed  ta  Ika  i 
batagdaaad. 

coarABATtTa  aTATBanr,  if74-& 


and  In 

of   lla 

accooal 


-un.- 


?«T 

iaao.  .. 
Jaly... 


BunlBfa.         bpeaaaa. 

.  tWMiBr78         MM  4ft 

.      8MM  M  M,M8  14 


I88,MM 
lltjn84 
I48li8l» 

1  44 


ni.lM  48 
114,781  H 

i8i,aavM 

I8S.>M  87 


Katnlnci. 
$MS,«8rM 
U8.4KS08 
111^047  87 
IIMHU 
USJOtlS 
8ABR81 


-Wld.- 


ifal 


•rahlRS «        «TM.8n  M        9888,8H 


IM        tt18. 
•8BkaMl8 


Kzpanaar. 
9I(1.«IS  00 
IS.M1(  on 
)8M34M 
180,518  tt 
181,804  M 
180,480  84 

jll  87 


Baaeaiaai  aad  Um  dlt=oaHloa  Ibaaaor,  from  Mar  81b.  OT8^  toOatobar  81. 
MMk  both  laetailv*,  andar  lb*  aaraiai  ardan  of  tba  ClraUl  Coatt  of  tba 
IWIadSialaa: 


FnlfU 


Mall 


.  lungM  or 

.  M8.4M1I 
.  MJftiie 
.      8T,4HH 


Mlira  naaaaaa  awalata ajm  t»-T7B,078  84 

IVaalMa' aad  Raealrar*' loana  I7I,IK7  87 


do 
do 
ro 


Octobar  pay-raUa 

aannir  Bolaa 

OMBba*  toaAaok  Mppll**,Ac 

nVaMlabor 8,SN  1»-1U,3U  68 


M4.84SM 


Saloof  old  bonds $11,315  00 

Overdraft 19,335  31 

luteicat 5,7SS  73 

Uectraae  In  Aoatine  aafiela,  •■  par  table  b*tow 31,018  OG 

Trcaanrct'a  ca«h,  May  8,  1875 31,085  45 

31,453,633  03 
DKFosiTioN  or  maotmciig. 

Roadway  expeaaa* 9^14,585  fS 

Macblnerjr S3a,8«2  66 

TranapOTUtlon ie«,iSi  GO 

Oaaatal 83,166  1»-7I6,678  86 

TriMtcaa' and  RecelTera*  loana  paid 815,006  96 

M.  *  O.  BB.  Co 'a  dotr  oo  railroad  iron S8,104  CI 

do  do       March  par  raU  baUseea 846,916  45 

do  d'l       April  pay-roll  balaacaa M.3T8  19 

do  ds       supply  Toachara,  etc,  1874 (,(194  61 

do  do  do  1875 184,710  19 

do  do       nnpaidlabor 2,«18  15— 814,817  58 

lDterestan<t  exchaniie....  9,718  80 

Increaae  of  floadDgaasedi.aa  per  table  below ^6  008  94 

Traaaonr'a  caah,  October  31, 1873 84,80198 

Sl,453,r^  03 
n.0ATnie  ambts. 

May  8, 1876.        Oct  31, 1675. 

Materiala  OB  band 9M8.896  69  $915.303  96 

Raikaad  balaaeaa 81,1(5  86  18.641  3(> 

$9c6,6(9^  8934,S44  63 

Jtacraaac ;^,81d  08 

C.  8.  roat  eaice  Department 917,61R  89  $14,!!«8  80 

t".  8.  Qaarurmaatar'a  Dauartiaant 174.817  41  177,839  ». 

UseoUected  eamlait  18,789  06  68.5'.7  9n 

IndlTldul  baUncea «,«4e  IT  40,81191 

$141,147  53  $317,150  77 

laenaaa s;tt,003  91 

8ho<riag  pajmenta  prior  to  Oct.  31, 1875,  luder  tbe  order*  of  the  Conrt,  in 
addlMoa  to  "axpenaea"  a*  rol!owa  : 

Uallad  SUtaa  Jadgment  dmy  on  Iron $86,104  64 

Pay  rolla  praviooa  to  March,  187} 8.918  15 

Pay  roll*  lor  March,  19:s 46,916  45 

Pay  loila  for  April.  1S75 54,878  13 

Supply  Toachrr*.  Ac , 148604  83 

Interaat  and  exchange :....; 9,718  30 

$980,141  49 
Wbnal  (bare  rsaiAlaed  dna  Oct  81,  UIS  - 

Balaaaa  of  loana  ootataadint $58.153  81 

tloppfar  aoiaa 80^889  16 

SaMHaa  for  wbl<dk  vuucbera  btVe  not  been  giren 86,(M  03 

Ocobcr  par  roUa  pay 'bla  daring  KoTamb«r 84,816(6 

Unpaid  labor-alala*  May,...  T!T «,(»  78 

Total    $tl*.481  94 

At  that  data  tbara  waa  dae  fMm  naeoUeetad  increaae  of  floating 

aaaMa 78,803  U 

loaaaaadbalaMaflncaah  10.11858 

Toial $aB,11B  7; 

Aad  Ibar*  had  been  reallud  freia  other  than  cnncnt  earning*,  a* 
fbllow*: 

rraaaalaof  benda $11,815  00 

Fmb ^f*ar)4saft.....^  •«.«  ••.««••••>. ..■•'••^••«..i.*«*   19,895  31 

MaUftelaaad.  H.01S  0» 

telaraM 5,718  78-$«SJM  10 

Tkaaaaaralcoaditiaaof  tbapnparty  la balBK  gradually  Improved.  We  bare 
added  To  tbe  eqalpment  100  new  Ireigbt  cara,  the  material  tor  a  portion  of 
wblcb  baa  baea  far  •*»*  year*  la  Be««ta*lea  of  the  compaoy,  bnt  required  an 
aipiadilara  nf  alioat  one  half  tbair  praeeat  Tilnn  in  rnmpli  laftiim  Wobava 
alee  ranalrad  geoerally  tbe  tolling  aioek  and  machinery,  and  thoy  ari>  lu 
aerrtaaable  eoBdlUon:  tbe  foad-bed,  hridgai.  treatlea,  Ac  are  in  aafe  coodltlon. 

We  da—  it  ab»olntely  Baceaaary.  bowerer.  to  Bake  cooalderablo  rxpaadi. 
tare  la  a«w  rafl*.  to  be  laid  a*  aeoa  aa  tb*  aaaann  and  lb*  pteeaare  of  bualneii4 
wMpaalt;  ikt*  wUI  be  atncUy  in  the dinetioa  of  true  economy,  for  it  I*  an 
eaaMlial  alaaent  In  the  reduction  of  our  expenaaa  that  tbe  wear  an  I  trar  of 
oat  HMMaary  aad  tolling  alack  abonld  b*r*dacad,  and  thia,  aa  well  a*  ihu 
tafcty  of  oar  iraina.  raquTre  that  anch  expendltare  should  be  tborouitbly  made. 

TbabnalBeaa  of  tii*>ead  for  1815,  from  eanaea  entirely  bryood  our  contral, 
baa  b*aa  far  fraoa  ttlafaclety.  It  aaat  be  traced  to  tbe  general))'  dupreued 
eoadltiooof  tbe  tonntry,  and  more  rapedally  of  tbe  Honlhwiiit.  But  the 
praiint  aad  Me  fntnte  at*  not  withoat  *aeoaragnaaat,  tboogh  the  Improri'- 
auat  win  b«  of  alow  growth,  and  tbe  b*B*Sta  to  be  dcrired  muat  c<  mo  from 
coatlDoal  and  lBct*a>ad  a<onomy  of  managamMit,  aa  well  aa  from  lurreaaed 
receipia.  We  bare  felt  it  for  the  latereet  of  lb*  road,  to  majte  maiei  iai  reduc- 
tion la  unr  raica  of  freights,  which,  while  b«nefltting  oar  patmitr,  will,  wt' 
feat  eeaddeat,  paadneeeqnal  if  not  >eW*ria*ollataibeewncr»of  the  property. 
Wo  bavaaTeryaaaiuaaea  that  Ibe  dtiaaHOa  the  line  of  (hit  road  vilVaid  ns 
InpradadBgaodi  a  reaall,  but  mcb  laiaeHaaa  render  atill  mc.rp  ImperailTc 
tbe  laaroTUK  lha  aMaiaaay  of  tbe  roadmy  and  cqaipBant,  ao  that  wo  may 
be  enabled  to  do  tlM  baalaeaa  at  leee  ceaL 

We  woald  aaggeit  tbM  tbe  bondboldere  appoint  a  conunlUae  out  of  tbam- 
aelTea,  raatdeona  New  York,  wiib  whoa  we  conid  fram  t  me  to  time  commu- 
nicate, and  to  wbom  we  conla  submit  any  important  queatluna  connected  with 
lb*  re-afgaatntloa  of  lb*  UteroaU  Inroircd. 

W.  BCTLEK  DUNCAN, 
A.  rOBTKR  ELLIOT. 

Troataca  and  Kectrirera. 


•AOaOAO  Bonos.— Whalhar  Toa  wlah  to  BUT  or  RBtU  write  to 

■A88LIB  *  CO.,  Ho.  1  Wall  aliaat.  K.  T. 


TXXAS  BTATK  BOMM. 

tlooaton  aad  Teza*  Cealral  RK.  FIrat  Voitgaca  7  par  cent  Gold  Bonda, 

<t.  H.  AH.  PiietMortnceT  per  cent  Gold  Boada, 

Tesaa  Landa  and  LAOd  Scrip,  for  aale  by  _ 

WLUAH  BBAOT,  «  WUIIam  it,  IT.  T. 

8T00KS 
Dealt  la  at  Ma  Haw  Totk  Stock  Kirhanga  boaght  aad  wld  by  a*  on  margin  of 

•"'"-"'•  FlimLM«8 

Kaaotlalad  at  one  to  two  pet  eent  tram  market  on  BMmbert  of  the  New  Tork 
lackaac*  or  r**ponalbl*  partiea.    Laiga  ram*  bare  been  reallxed  tbepait  3 
daji.   ratoccailo**UoaUOBbaraa 

81MM 
Sttnddle*  $850  each,  control  8M  abaree  of  aloak  tor  80  diya  withont  further 
tiak,  wkll*  many  tbonaaad  dollan  prodt  may  b*  gained.    A<.Tlce  and  Informa- 
tion turniahed.    Pamphlet  containing  Taluable  atatlsUcil  Information  and 
abowlBg  bow  WaU  ttieet  operation*  are  ooodncted  tent 

FRSB 
To  iBT  addiiaa,    Ord*n  *oIlelt*d  by  mall  or  wir*  and  promptly  *x«cated 

"^  '**'  TUVBRISOX  *  CO.,  Baakan  and  Biakarr, 

NatWaUatmt  a.T 


606 


THE  CHRONICLR 


[December  25,  1875. 


i^l)e    Bankers'    ©alette. 

NATION.VI.  B.INKS  ORG4NIZIID. 

The  United  States  Comptroller  of  the  Currency  furnislies  the 
following  statement  of  National  Banks  organized  the  past  week: 

8,318— First  National  Bauk  of  Klrkwood,  Illinois.  Authorized  capital.  $50,000; 
pnld-ln  capital,  $50,000.  Henry  Tubb?,  President ;  Wlllard  C.  Tubbs, 
Cashier.     Anlliorized  to  commence  business  Dec.  18,  1875. 

8,814 — Tfttders'  National  liankof  Charlotte,  North  Carolina,  Authorized  capi- 
tal, $100,0110 ;  paldlu  capital.  $100,000.  8.  P.  Smith.  President ;  T.  L. 
Vail.  Cttfhler.    Authorized  to  commence  bu^'iness  Dec.  21,  1875. 

8,815— Natinnai  Bank  ol  Commerce  of  Cinciunaii,  Ohio.  Aulhorizeil  capital, 
$100,000;  paid-in  capital,  $iO0.OOU.  Wm.  A.  Uoodman.  President;  H. 
B.  BIssell,  Cashier.    Authorized  to  commence  businesH  Dec.  21,  1875. 

DIVIHENUM. 

The  foUowlQfc  Dividends  have  recently  been  announced : 


CoaPAHT. 


RallruadB. 

Angnsta  &  Savannah 

Boston  Clinton  A  Fitchburg,  pref 

Central  Ohio,  com.  and  pref 

Chicago  Iowa  &  Nebraska 

Granite  .  .    

HousHtonic  pref.  (quar.) 

Iowa  Falls  &  Sioux  City 

Old  Colony 

Philadelphia  Wilmington  &  Baltimore... 

Providence*  Woicesier 

Worcester  <fc  Nathua 

Haufcs. 

Bank  of  America 

Bank  of  the  Metropolis  

Bank  of  N.  Y.  Nat.  Banking  ABSoclatlon. 

Central  National 

Chatham  National 

East  River  National 

Fourth  National 

Grocers* 

Hano^-er  National 

Importers'  &  'I  raders'  National 

Irving  National 

Marine  National 

JMarket  National  

Mechanics'  National 

Merchants'  Exchange  National 

Merchants'  National 

Metropoilt!  n  National 

National  Bntchcrs'  &  Drovers' — 

National  Citizens' 

New  York  National  Exchange 

National  Shoe  &  Leather 

Nalional  Park 

Oriental 

People's 

Phenix  National 

Third  National 

Tradesmen's  National .. 

Inaurance. 
Emporium  Fire 


Pkb      Whek    hooks  Ci,osbd. 
Cbmt.    P'ablk.  (Days  Iccinslve.) 


»3 
8 
6 

$2 

2« 
$3 
4 
4 

$.1  50 


6 

4 

5 

4 

4 

4 

8 

7 

5 

5 

4 

5 

4 

4 

5 

S 

4 

3X 

6 

5 

6 

S 

3>i 

4 

5 


On  dem 
Jan.  1 
Dec.  80 
.Ian.  1 
Jan.  S 
Jan.  10 
Jan.  1 
Ian,  1 
Jan.     3 

Jail.     1 


Dec  80  to  Dec.  80 


Jan.  1  to  Jan.  10 


Jan. 
,Jan. 
'Tan. 
Jan. 
Jan. 
,Jan. 
Jan. 
Jan. 
Jan. 
Jan. 
Tan. 
Jan. 
Jan. 
Jan. 
Jan. 
Tan. 
Jan. 
Jan. 
Jan. 
Jan. 
Jan. 
Jan. 
Jan. 
Ian. 
Tan. 
Jan. 
Jan. 


Dec.  as  to  Jan. 

Dec.  29  t)  Jan. 
Until  Jan.  4 
Until  Jan.  11 
Until  Jan.    i 


Dec.  S5  to  Jan.  i 


Dec.  82 

Dec.  21 

Dec.  17 

Dec.  22 

SiDec.  22 

S  Dec.  23 

8      Uniil 

alDec.  24 

SJDec.  21 

8  Dec.  »i 

8 

8 

3 'Dec.  28 
8;  Dec.  22 
3' 
a  Dec.  22 


to  Jan.  2 
to  Dec.  31 
to  Jan.  2 
to  Jan.  2 
to  Jan.  2 
to  Jan.  2 
Jan.  2 
to  Jan.  8 
to  Jan 


to  Jan.  2 


to  Jan.  2 
to  Jan.  8 


Tan.    :3 


to  Jan.  8 


rate  which  remains  at  8  per  cant.  The  Bank  of  France  gained 
20,475,000  francs  in  specie. 

The  last  weekly  statement  of  the  New  York  City  Clearing 
House  Banks,  issued  Dec.  18,  showed  a  decrease  of  $1,111,275  in 
the  excess  above  their  25  per  cent,  legal  reserve,  the  whole  of 
such  excess  being  |7,007,300,  against  $8,118,575,  the  previous 
week. 

The  following  table  shows  the  changes  from  the  previous  week 
and  a  comparison  with  1874  and  1873: 


-IST.'S.- 


1874. 
Dec.  19. 


1878. 
Dec.  20. 


FRIDAY,  DECEMBER  24,  1875—6  P.  m. 
Xbe  money  Market  and  Financial  Situation. — There 
has  been  a  little  more  speculative  activity  in  the  markets  this 
week  than  last,  and  money  has  been  higher,  at  irregular  rates, 
but  aside  from  these  features  there  has  been  little  of  interest,  with 
only  a  moderate  volume  of  business  transacted. 

It  is  drawing  so  close  to  the  end  of  the  year  that  parties  are 
generally  taking  a  retrospect  of  their  operations  during  the  past, 
and  maturing  their  plans  to  commence  upon  the  business  of  the 
coming  year  with  every  possible  endeavor  to  make  better  profits. 
It  can  not  be  denied  that  both  mercantile  and  financial  business 
during  1875  has  been  unsatisfactory,  and  not  only  do  those  co'n- 
plain  who  have  met  with  positive  disaster,  but  the  cry  of  "small 
profits  "  is  almost  universal.  This  condition  of  affairs  is  chiefly 
accounted  for  by  the  fact  that  business  has  been  done  upon  such 
an  exceedingly  close  margin  as  to  allow  of  scarcely  any  profit 
and  after  a  merchant  has  handled  the  same  amount  of  goods  that 
he  did  in  1872,  or  prior  years,  he  finds  that  the  profit  is  not  a  tithe 
of  what  it  was  at  that  time.  The  same  dilficulty  has  been 
conspicuously  seen  in  the  railroad  earnings,  where  the  large 
decrease  in  net  profits  has  not  come  so  much  from  a  loss  of 
tonnage  as  from  the  unprecedenledly  low  rates  of  transportation. 
Notwithstanding  the  disappointment  which  has  arisen  so  many 
times  from  hope  deferred,  and  the  failure  of  any  decided  revival 
in  business  to  come  when  anticipated,  we  are  still  of  the  opinion 
that  the  outlook  for  1876  is  really  more  favorable,  and  that  the 
centennial  year*  will  witness  a  gradual  and  healthy  improvement 
in  business. 

There  has  been  considerable  irregularity  in  money  on  call  this 
week,  and  stock  brokers  have  paid  7  per  cent,  to  7  gold,  nearly 
every  day  toward  the  close  of  business  hours.  To-day  the  rates 
were  6  per  cent  to  7  per  cent.,  gold,  and  down  to  3  per  cent, 
towards  Ihe  close.  This  spasmodic  stringency  is  not  looked  upon 
as  having  any  general  significance,  and  is  considered  as  only  the 
natural  effect  of  the  preparations  which  are  made  for  the  large 
disbursements  that  take  place  after  the  first  of  January.  Govern- 
ment bond  dealers  have  been  supplied  at  4@5  per  cent.  Prime 
commercial  paper  is  still  quoted  at  6i@7,  with  comparatively 
little  paper  offering. 

The  Bank  of  England  report,  on  Thursday,  showed  a  decline 
of  £607,000  in  bullion  for  the  week,  but  no  change  in  the  discount 


Dec.  11.       Dec.  13.       Differences. 
IiOUlsanadiB.  $»68.3»0,40C  $865,612,600  Dec.  t2,8;7,()00  $286,409  800  $2.'>7,r9I,<!00 

Specie 16,d39,400      16.105,800  Dec.      «i,800      1.3,619,500     81,987.900 

Obcnl&tton....  IS.118.800  19,088,600  Dec.  8(1,700  84,7.11600  87  185400 
Netdeposlts..  806.960,900  204,836.000  Dec.  2,780,'.K)0  815.707,800  li<4,116  600 
Leral tenders.      48,880.900      41.960.500  Dec     1,860.400      47,931.700      44,667,70^ 

The  bank  statement  for  the  present  week  is  out  to-day,  and 
shows  a  decrease  of  $1,198,800  in  legal  tenders,  $3,595,200  in 
deposits,  and  an  increase  of  $6.54,100  in  specie.  The  surplus 
reserve  is  thus  $354,609  ahead  of  last  week. 

United  States  Bonds. — Government  bonds  have  declined! 
quite  sharply  this  week,  and  prices,  though  steadier  to-day,  show 
a  decided  fall  as  compared  with  last  Friday.  It  appears  that  the 
speculation  in  governments  was  rather  overdone,  and,  on  attempt,* 
^o  realize,  prices  quickly  gave  way.  Lower  gold,  and  a  more 
stringent  money  market,  lent  some  assistance  to  the  downward 
movement. 

Closing  prices  daily  have  been  as  follows: 

Dec.    Dec.    Dec.     Dec.     Dec.    Dec. 
Int.  period.       )8.      •So.         21.        82.        88.       81. 

«8,1881 reg..  Jan.  &  July.    120       119>f    119^  *119Ji  *119       119itf 

68.1881 coup. .Jan.* July.    125       liiX    124       124i(    I24Ji    ia4>i 

68,  5-80'8,caliedb...reg..M«y  &Nov. 'IMJi      *n4     •IH     *iUX 

6s, 5-20'8,  called  b.coup.. May  &  Nov.      ...    •i;4X  *1!4     *114     *113J( 

6«,  5-80'8, 18B5 reg.May  A  Nov.  *116Ji  'llbH  •116>i    115'/,  'IIS     •114Ji 

68, 5-20'8, 1865 coup..May&  Nov.*116     *115>i    115>i 'IKJi  'llSJi  •ll.'iV 

68,5  20's,  1805,  n.  I.,  reg.. Jan.  &  July  •117ii 'U^  *in  *llU3t 'liex 'Heif 
6a,5-20's,1865  n.l.coup.. Jan.  &  July.  *liCJi  »120K    120Ji    12ii>i    119Ji  •Uaji 

es.S-aO's,  1S67 reg. .Jan.  &  July.  •I19>i    ll!)>i    119^    11«K  *118>f    Hi. 

8«,5-20's, 1867. ...coup.. Jan.  &  July.    12)>i    123       123       12iJi    121X  •128 

6«,&-20'B,  1868 rep. .Jan.  &  July.  *1I9X  •119>i  'llitX  muSi    HUM  •il8J< 

68,5-80'8, 1868 coup    Jan.  <fc  Jnly.*128>i  'm       12aji    182X  *122><  *l'ii^ 

58,I040'8 reg.. Mar.  &  Sept.  *117>i  •ll'.j;    117>»-*li7       116%    llf.Ji 

5«,10-40's coup.. Mar.  &  Sept.  *118Ji  ♦118X  »I18),-  'mji  *117>4  *mx 

68,  funded,  1881 reg    ..Quarterly.  ♦in!<    lliiJJ    117     *U(i'4    llCJi 'llBJi 

5s. funded, 1881,  ..coup. ...Quarterly.  117%  117>i  117)i  «ll«'/i  117  *l)6Ji 
«9  CuirencY reg..  Jan.  &  July,    mx  *ia2Ji  '^MX    122Ji  •188«  »182Ji 

*  This  Is  the  price  bid  :  no  «a^  was  made  at  the  Board. 

The  range  in  prices  since  January  1,  and  the  amount  of  each 
class  of  bonds  outstanding  December  1,  1875,  were  as  follows: 

, — Range  since  Jan.  1. — .   , — Amount  Dec.  1.—- . 
Lowest,.  Highest.     Registered.     Coupon. 

6b,1881 reg. .118     Jan.     6|122Jj  May  26tl93,877,650 

88,1881 conp..;i8Ji  Jan.     8:126X  June  17 

6s,5-20'8, 1364 Coup..ll4)i  Nov.  Ii[l21      Apr.  87 

68,  5-80's,  18>15 coup..ll5J4  Dec.  21,122X  June  18 

6s,5-20'B,18e5,new,coup..ll7>i  Jan.     S  124)i  June  17 

-     -- -  '  9  126XJunea5 

9|i25X  June  18 


6s,  5-20's,  1867 coup..ll8>i  Jan. 

6s,  5-80'8, 1868 conp.US     Jan. 

58,10-40's ..reg..ll3XMch.  5lll8X  June  18 

68,10-40'6 conp..ll3XMch.  4|ll«XAug.  28 

6«,funded,  1881.. ..coup. .USX  Jan.  8|119     June  28 

8s, Currency reg.  .IHX  Jan.  4|  125X  Nov.  23 


80.604,050 
83.891.850 
69.323.5(0 
89,096.810 
14.680,500 
141,642,300 

81B,roV,0.56 
64.683.518 


$. 

89.358.700 

86,287,060 

118,642,4(0 

143.339,600 

821,6i5,950 

22,843,600 

52,S24.0CO 
249,456,400 


State  and  Railroad  Bonds. — There  have  been  no  new  de- 
velopments in  regard  to  State  finance?.  Tennessee  bonds  have 
been  weak  under  the  dismal  prospects  for  interest  payment  by 
the  State  and  the  Governor's  suggestions  as  to  funding. 

Railroad  bonds  have  not  been  specially  active,  but  are  generally 
strong  in  ^mces  in  view  of  the  expected  investment  demand 
after  the  new  year  is  fully  opened.  It  is  so  hard  now  to  employ 
money  profitably  that  a  first  class  railroad  bond,  abundantly 
secured,  and  paying  6  to  7  per  cent,  is  an  attractive  investment, 
and  there  are  still  a  aood  many  bonds  which  can  be  purchased  at 
prices  which  make  them  pay  that  rate  of  interest,  and  which  are 
secured  beyond  doubt  as  to  principal  and  interest. 

The  following  were  sold  at  auction  this  week  : 
$5,000  Houston  &  Great  Northern  RR.  Co.  of  Texas,  Ist.  mort.  7  per       Price. 

cent  gold  bon(is 60 

$25.1*0  St.  Louis,  Lawrence  &  Denver  RR.  Ist  mort.  6  per  cent  gold 

bonds,  due  1891! ;  May,  1874.  coupon  on ;  $1.0CO  each  ;  per  bond  ...  26 

$500  Calhoun  Conn'y.  Missiesippi,  8  per  cent  bond,  duelia77 ;  inter- 

en  March  and  Sepiember;  September,  1874,  coupon  on  ;  for  lot. ..  86 

$1,500  Chickasaw  County,  Mississippi,  8  per  cent   bonds,  due  1876  ; 

interest  March  and  September;  Sept.,  1874.  coupon  on;  for  lot 91 

50  share-' United  Ne-*- Jersey  Railroad  and  Canal  Companies  135X 

«5,000  Columbus  Chic.  &  Indiana  Central  RR.  2d  mort.  consoi.  bonds  15 

60  shares  Toledo  Wabash  &  Western  RR.  Co.,  preferred 43i 

84  shares  Third  Avenue  Railroad  Company Ii9)i@\'i0 

1  000  shares  Union  Consolidated  Mining  Co.  of  Tenn.,  $;0  each  —  $900  for  lot 

150  shares  Mutual  Gas  Light  Co.  of  Detroit,  Mich 22 

Two  hundred  and  twenty-six  bonds  of  the  Burlington  Cedar 
Rapids  &  Minnesota  Railroad  Co.  (Pacific  division),  $1,000  each, 
were  sold  at  $84  per  bond  (not  84  per  cent). 

Daily  closing  prices  of  a  few  leading  bonds,  and  the  range 
since  January  1,  have  been  as  follows: 

Dec. 
18 
fisTenn.,  news...     41 
«»N.Car.,old....    'ISK 
6fl  N.  Car.,new...     "8 
68  VIrg.,  consolld   *ns 

do        2d  aeries 

6sS.C.,  J.  &  J...      'SSh 
68  Mo.  long  bonds  *102X 
N.Y.  C.4H.  I8t78    125 
C.Pac.,gold68...  "ItJlx 
Un  Pac.,lst63...    ima 

do     L'dGr't7»   10; 

do        S.F.Ss..      »iH 

Erlelst  M.7s 'lot 

N.  J.Cen.ist  7b..  '115 
Ft  Wayne  let  7b.    *;i5 
Bocil8lillst7e...  'uui< 
C.  *  N.W.  gold  7e    'ii 

*TtilBl8theorlceblcl.  noaalswaa  made  at  the  Board. 

Railroad  and  jniscellaneous  Stocks. — The    stock    marke 

has  been  quite  depressed,  and  several  of  the  leading  specialtie 


Dec. 

Dec. 

Dec. 

Dec. 

Dec. 

. Since  Jan  1 -, 

20. 

21. 

22. 

vS. 

u. 

Lowest. 

Highest. 

SIX 

san 

StiX 

•.S7?« 

•a.^ 

SIW  Dec.  22 

61,S  Jan.     5 

•ISJS 

•ir.x; 

•l.^S 

•15S4 

16      Dec.   Ill 

29     Jan.  lU 

•7 

•7 

•.7 

•7 

'7 

11     June  12 

16     Jan.    7 

•T6 

■75W 

•T« 

•78X 

•76 

55XJan.  26 

6»H  Oct.    28 

•16 

•46  K 

•4tiH 

•46 

36     Mch.  2i 

511     Oct.      ■-' 

'35 

•3'K 

■3.-, 

•33 

S5 

29X  Seiit.  28 

89     Dec.  15 

■102  V 

m% 

10J» 

•lOJX 

1U2« 

94^  Jan.   11 

l«iH  June  23 

va 

•124X 

1V5 

■t24H 

•12 IX 

lux  Jan.  IX 

125     Dee.  16 

itilH 

vn 

106X 

107 

•107 

923,  Jan.    6 

107HB.-pt.3U 

Kl'X 

105 

m 

1113 

Its 

9U     Jan.    6 

liHiH  June  SO 

lOOH 

Ml!, 

nil 

101 

Hit 

90    Jan.    1- 

1(KU  Sept.  ;-o 

113 

93 

92  « 

93 

sa 

ma  Jan.    5 

r.%  Aug.  25 

'104 

•lOlK 

•luix 

'10IJ4 

•104 

100     May  29 

1U7H  Feb.    1 
10«>|jan.    7 

10;(,  May     6 

tl5S< 

11.1 

♦US 

115H  Dec.    8 

•115H 

"lis 

116 

•115X 

•115H 

116     Nov.    8 

link 

lit 

•i;ox 

lb« 

in 

105    Jan.    6 

111J4  June   5 

84>< 

Sj 

83 

ss 

55 

79    June  IS 

S9V  Nov.  27 

Deeembjr  23,  1875.] 


THE  CHRONICLK 


607 


liave  fallen  off  tevenl  points.  Lake  Shore,  Michigui  Central 
and  Western  Tnion  Telegraph  have  been  among  the  most  con- 
epicaoos,  and  tn  sympathr  with  these  the  whole  list  has  been 
more  or  less  we«k.  The  reduction  in  freight  rates  to  the  West 
•nd  the  poeeibllitj  of  a  further  disafreement  among  the  com- 
pttsiea,  in  eonseqnence  of  the  refusal  of  the  Grand  Trunk  of  Canada 
to  make  the  same  rates  from  Boeton  as  the  other  companies,  has 
been  one  of  the  principal  depressing  influences.  Aa  to  Western 
Union  Telegraph,  the  rumor  of  a  difference  of  riews  among  the 
directors  has  been  the  "point"  given  out  for  operations,  but  no 
facts  are  reported  In  substantiation  of  the  rumor.  There  was  a 
zeport  from  Chicago  that  the  I'nion  Pacific  interest  intended  to 
met  control  of  the  Chicago  &  Northwestern  road  aa  a  connecting 
line  east  from  Omaha,  but  this  seems  to  be  denied  on  authority 
of  the  offleera  of  both  companins.  A  correspondent  inquires  why 
Pullman  Palace  Oar  Co.  stock  sells  so  much  lower  than  formerly, 
to  which  we  can  only  reply  by  referring  to  the  redaction  of  the 
dividend  to  8  per  cent,  per  annum  and  to  the  full  report  of  the 
eompaar  poblbned  in  the  Cblromcuc  of  NoTrmber  13.  on  page 
487.  "nie  most  actiTe  stocks  today  yere  Western  Union  Tele- 
graph and  I>ake  Shore,  which  sold  freely  at  declining  prices  in 
the  morning,  but  rallied  toward  the  close,  and  were  steady  on  a 
iBodent«  bosimaa. 
Total  tnaaMtia 
Iowa: 

PaeUe 


<  tfuotatloni  > 
Open-  Low-  HIsh-  CIo«- 
Inir.  ML  est.  '.ne. 
Bstorday,  Dee.  1S....1U><  M'lK  114^  113V 
Hoaday,  "  20....li3ti  IISH  ns\  113K 
Tuesday,  "  31  ...IISH  li<i<  113^  \U\( 
Wadnewlay,"  21  ...11SS(  IISV  1I3K  DSK 
Ttarsday,  "  «  ...U^H  HiX  USH  ma 
rrlday,         "    H  ...1>3X  US     IISX  US 


.iMMf  11*^  1I4X  lis       2i8,8«t000 


Total     , Balances. ^ 

Clearings.  Gold.  Currency. 
t«,SSI.0Oa  fl.SM.SST  $I,M7.4)3 
s;,«53,a00  I.IOI.SSO  1,B48,I»98 
40,6w>,a00  7l»,0(»  991,nm 
a9,ulT.0n0  976.TM  l,4«lt.8M 
ai.llS,000  1,(»9.8IS  l.tS<.54t 
6J,(X»,00a     I.147,TSS      l,54«.r2 


» 

1.319,130 


t 

1,173,100 


Ourent  wsek  . 

Ptavloas  weak U«x  U4)i  114j<  lUX  $U«,9G8,aoO 

Jaa.l.l87B,todata...llt^  lUX  U7K  US  

Forelen  Kxe*an«e_For  the  steamers  of  Tuesday  and 
Wednesday  the  rates  of  exchange  were  decidedly  firm,  and  on 
i^aetoal  business  they  kept  up  sharply  to  the  asking  prices, 
leaterday  there  was  some  weakness,  and  to-day  businass  is 
almost  flit,  bankers  reporting  that  there  is  little  demand  for 
their  bills,  and,  in  turn,  they  do  not  care  to  purchase  commercial. 
Cotton  bills  have  come  forward  pretty  freely  as  the  movement  in 
the  staple  is  large. 

Dec  U.' 


Dec   U. 


n... 
a.. 


lUlO 


XO  days. 

Prtaia  bankers- stwUng «. 84X94. SS 

Qood baakan' and  prime  oom'l 4.84    A4.?4V 

Gkwd  commercial  4.8i    04.8SX 

Doeameotary  commefcial 4.8I)^ft4  StJi 

of  the  week  in  leading  stocks  were  aa  fol-  <  fiSlll??,^'-; MI^lSlS 

*  ■  Antwerp  (franca) •. 6.1*)ift5l6 

Swlsaifraaca) S.ITKOS.IS 

Amsterdam  (Kulldera) ;     mya    40M 

Bambarg  (ralchmarka). HVO    KH 

rraakfon  (retchmarks) WW9    ^H 

■rsmen  (relehmarka) H)(Q    WW 

BsrilD  (reiduiurks) WKtt    tSH 

fbe  traaaaetions  lor  the  week  at  tbeUustou  Bouse  and  8uo 

TraasnrT  have  been  aa  follows: 

Cnatom    r-  8nb-Treasnry, 


Lake  Waat'n  Chic  *           Ohio  A 

Bhors.  Uafcn.  ITweM.  Brta.  Mlas. 

».aOO  II.IW     4J00     MOO  1.9M 

M.4M  «,«»    ajOD    a.MB  i,ato 

ai.K»  iMt    4.n>    t,m  mo 

njmt  aMOB.  4,100  m,ioo  t^as 

mm    sMM  «.«»      aoo    MOO  mo 

•.MO    M.aM  a^aoo    i^mo    tjm  ijm 


Pacilc  Union 

d  Mo.     Pac. 

no     1.100 

1  MO 

l.tOO         TOO 

100      aoo 
aoo      iiu 

SOO         TOO 


"    at.. 

Total aitto  aa<.tgi    aajaa  aajao  w.100  niaio     «.4oo    t.400 

Wkote  stock.  .jiMoo  iHjm  mjKft  im.tm  TmjM  tnjm   «r.8Has7,4M 
A  eoaapanaon  with  the  laat  line  in  the  preeedlng  table  shows 
at  a  claaee  wluat  proportion  of  the  whole  stock  baa  been  taraed 
ever  (a  the  week. 

The  daily  highest  and  lowest  pricea  have  been  aa  follows: 
MMdar.  Tsmliy. 

"     "      '  m"" 


a.y.c«a.*H.«.  94    lai     wik  tsii; 

■arlem I«H  tSIM  "xu*  US 


BrU 
Lakaaken 
-lleklaaa  Cmt. 


Mleklaaa  Cwt.    »tl  aij 
Waaaaa. ^    4h 

•toakfalaJT?:'  M^  MS 

•(.  pmi ■    aMi 

4a      pm....    tiH  tt 

KSat  ot"iio^.'  rW  ii  ' 


.L.*  Waat  lUVuiS    •^..W^ 
.ABI^OS.    *l       It        tH(   « 


IS 


Dae!^' 

IM 


3  day*. 
4.88    04.88X 
4.8T    04.88 
4.e«    04.3T 
4.8a    04.88 
S.I4«i55.11X 

s.itvSs.nx 

40)(O    40X 
MVS    MX 

9«X 

»H 
MX 


Dec 


Honae 
ReceipU. 

18 IM.000 

90 lOI.OOO 

SI I«S,000 

rs 1«S,000 

« aj*.aoo 

14 148,000 


Bsoetpts. 


Qold 

$soijaoi>o 
as&oii  H 

4B\800a 

s,4«.ai>7  15 

(48.700  00 

laeksot  ss 


Ootrency. 

t5tt.S10  41 

B91380  4S 

t^l.714  Si 

1.003,374  03 

8«,^MST 

SiaiS47St 


-Payments.- 


Oold. 

$38,5.11  16 
47a.«4  SO 
8>M,«81  3T 

S,400.44il  Si 
176.748  3* 
840.007  39 


»>:rreneT. 
$902,751  TS 
1,414.910  31 

i.ni.sai  6t 

1.4M).7S  SO 

7«8.S4!I  87 

1,461571  89 


TotaL. 


latt.aoo 

Dec.'lTTT 

Balaaee.  Dec  ti 

New  York   GItr 


mn 

Twat.  •  ...  at      •*«  »J  -      _ 

Bia  !"•!(*!<  mS  ''^Mi3  Mi^mB 

•aka..   n     n       ITH  IIM  Kii  ml 

fmm-.  ai     •«    tOH  M  «i     «4 

Nno..     M       M       'U      MH  M       M 


•I 
•M 


( 


fnS  UK    iVii  i\n 
.8*r^i!j5Jir 

n 

"^MalsiaassMatMaaaasaeli  ae  aal*  was  mate  at 

,  ■mOMad  Banataca—Tha  UtaM  eaniiiga  obtainable,  and  tba 
toula  from  January  1  to  latsat  datea,  are  aa  follows: 

. LalaataaraiaaB  rnortsd .  Jaa.ltolala«tdala, 

■iin  i*».       IS14.      itra.       19T4. 

Alck..'tai>.«Ar*.  Moeth  of  Oct..    •»«,■(    fUUM <l,l8B.Mt  $!,Oiia,W 

AtlaatlcAPsciac...  Moatta  of  Ko*..      — ""       — — " 

Bar.C.llap.  AMIM.  MeM*  •<  Mor.. 
Caaada  BoalfeOTB..   atwMkarDae.. 

OMtniPactBc Moaia  of  Mot.. 

Ate  MU.  A  8t  P..  Sd  «sak  of  Dec> 
SS.  A  NortkwoM-.  Muoth  of  Nov.. . 
Oa.  Laiar.  A  Oblc..  Movih  of  Nov. . . 
Same*  A  Hie  O  . . .  Sd  weak  of  Dee. . 

.  A  TenSL  O.  Wsa*  aad  Nor.M 

i  Oaatial  ....  lioatfe  of  So*.. 

a?.  Bl  A  W..  M  ««sk  of  Dae. 

lalara'l  MQt.  Xorth.  MoaU  of  Hot.  . 

KaaaaaPacifle lat  weokef  Oae. 

KaatakADaaM...  adwaakof  Dae 

~  ■«aL...Sw«ak»of  H<nr. 

>Ta...*dmMkor  Doc 

iA(Mo Heiiarot  !<<>?.. 

OMO  A  Hlaalaatppl..  Month  of  Nov.. 
■ackf.  R.  L  A  SL  L.  Mcath  of  Nov.. 
•t.L.Al.ATB.  bcho.  Id  waek  oT  Dae. 
kt  L.  I.  HUM  Boatk..  *d  weak  of  Doc. 
Bt-UK.  C.  AM...  Isiawksaf  Dec 
at.  L.  A  SooiksasL..  ls(  woak  of  Dec 

8I.P»alAB.0lty,Ae.Moaih   of  Tfor, 
1 


4,3as.tnSS    8,701,0(6  68    4.886,548  86    7,ia»,8Bl  55 
44.044.078  84  S8.a».SSS  SI 

«a,aaa,sei  it  stj<i,740  44 

■••■•■• — Ttie  tollowlng  statement  shows 
the  eooditlon  of  the  Associated  Banks  of  New  York  City  for  the 
waek  ending  at  the  oommencement  of  business  on  Dec  18. 1876: 
f  jtvaSAoa  AMoDVT  or— 

Loaasaa 
Bkm*.». 
MawTork. 
Manhainn  Co.... 
Marekanu' 


Valea  liaclfle . 


Month  of  No*. 


sataiaai  of  Iks  Beastoa  A  Toss  Osatnl  Ballroad  do  aot 
I  !>«>»  iWnaakjsa— I 


tika  aopfodmato  flnraofar  Motaaikar.  URL  sfs  bars  eoaparad  with  the 
aalaal  flBaras  ter  IBMT  Tba  ooaipariaoa  made  ta  the  staiaaMot  laoaad  at  tha 
inamtiS'*  oMes  Is  aa  follows:  Karalasa  MoromMr,  Vm,  tmajUt;  UM, 
InMI* :  laanasA  $M1W. 

VIM  «•!«  Ilarkot_aold  haa  declined  abont  U  piir  cant, 
attd  doaea  at  113.  The  abaeooe  of  apeculatlvo  aupport,  and  the 
PToapeft  of  the  disbarsement  of  January  Intareet  on  Oovemment 
DOiMa,  which  wilt  commence  next  week  without  rebate,  appear  to 
be  tba  moat  Important  Inflnencea  which  have  afl>«ted  the  market. 
Tba  aloasr  money  nwrket  may  alao  have  bad  some  influence,  aa 
t  baea  batrler  to  carry  aad  aa  Ugb  aa  7  per  rent,  haa  beea 
'  I  gold  loaaa,  to-day,  tba  imtea  paid  were  \,3,H,  9  aad 
at.  for  carrying.     Customa  laceipta  of  the  week   wan 


Total 0«l/«J(oaMMW*»«l».l<»*«'MIJ«>'*»  »»♦•''•••*  •'•*•'■•"' 

Tha  doTlatloiia  from  the  returns  of  the  preTiona  week  are  aa 
(ollowa : 


■oMbMba 
DIM.    Obi 


Tba  (ollowlag  table  will  ahow  tba  eourae  at  gold  and  op«ia> 
ttoaa  of  tba  Oold  Szebaaga  Biuik  aacb  day  of  tba  paat  weak  : 


.J>ee.  |3,(7:,sn  I  Sat  Depoaiu. 
..l>oe.       4»,>n<   Clroolation... 


Ua»ltaadars.'.'.'.''.~.'...~.'..I>ec.     IJW^ 

Tba  loUowtng  are  the  totals  for  a  aeriea  of  weeks  paat 
Lasal  Vlrcn- 

Taodera 


"ac  f».;:o,»oo 

Dec.        n.iuO 


Serca... 

001.1 

Oat.  «... 
Oo».  i«... 
Oct.*... 
net  10... 
ROT   4  .. 

»0T.li  .. 

ifo'.ie... 

S'<T.  «,. 

IH%  4,.., 

1'ae.ll... 


Loaas. 

lti,:a.ms 
nsAMTm 

»7W!4.«0 

tTt.-ei  ajo 
jiTf  avy  444 

tlLtllUM 

iTiJosaa 
MMUjaa 


Boeele. 
'7.M>;M 
t.t4(.an 
•.mjoa 
t-iwajM 
t.««,iiio 
tj»'.<(» 

ItJISJO 

i4.4ai.«M 

f. 

M.ua.m. 


*i.«njiw 


DaoesltB. 


riji4Jiie 

41tt4M0 

4;j(i.ao 
47xa«.ro 

49jaiUM 

4t.t4a«io 
4i,M0«ia 


im.«ie 
aa.471.7no 
fti/ntw) 

>!l.«SlJtl« 

i\nMr,  ro 
ri«,iM,fl)o 

tIU()t.4<IO 
ll«.t4t4M 
K*.N4,M0 


latlon. 
l7.aM.«KI 
i:.*ajaD 

■.ijni.mi 
i:.eij.>au 

n.»9-.Kio 

11.14^.1(0 
14.lll.IOll 
1).3I3.1II0 

i«,r.o.too 
it.iiijon 


ABgrenale 
Clear)  nai 
4'ej8a<3i« 

I'S.lfM.tUt 
4H.«i.i."3l 

ni.Tti.Tii 

444.M)i.'«S 

4n.ia<.(M 

4IS.aWJI14 
414.1' «S» 

CI*.INJ4« 
40a,l>l>,40S 


BOS 


THE   CHRONICLE 


iDccembar  25,  1676. 


«o.tou  B»nk.._Below  we  glxt  a  iUtement  of  the  Boston 
Dec   90  187°     '*"*"*     *°      *  Clearing  House  on  Monday, 


20, 
Banks 

atiauuo. 

Atlu 

BUolcatoae... 

BoBtoa 

Boylston 

Brokdwaj..  . 

Coatral 

Oolamblan... 
OoQtlneatal... 
Kllot 


Capital. 

t,50O,U0l) 
S,IXM,000 

TOO.OOC 

300,000 

500,000 

l,0OOM0 

1,000,000 

1,000,000 


Bverett          400,000 

FaneallUall IfiOOJOOO 

Kroeman-« B0O,W» 

glo*'  1,000.000 

Uamllton 790,000 

Howard.. 1,000,000 

Manunioturera SOO.OOO 

••"'■Ket. 800,000 

Masaaehusetta 800,000 

MaTerlck JoO.WO 

Merchandlsa 500,00) 

MHrnoauu' 8.000,000 

Metropolitan 900,000 

Mount  Vernon  300.000 

Klew  BnKland 1,000,000 

North..    1,000.000 

pidBoiton »OO.0OO 

gSSrSS'  •;•.; 1.000,000 

Sboe  ^k  Leather 1,000,000 

5'»J«" 2,000,000 

&"*»•*•-, 1,800,000 

rradera' 800,000 

Trempnt. J.OOO.OOO 

waahlngton 780,000 

Jlrat 1,000,000 

S'coSd  (Granite)...  1,(00.000 

V'^^S^,^ 300,000 

Fourth... ISDOilOO 

BinkofComraeree.  a.OOO^OOO 

g,"'''' of  N.America  1,000,000 


B  k  of  Redemption. 
Bankof  Bepnbllc... 

Commonwealth 

Olty 

Kagie ....::;:; 

Kxcbange 

Hide  *  Leather.  ...' 

Bevere 

Security 

Union 

WeliBter V." 


1,000,000 
1,500,000 
500,000 
1,000,000 
1,000,000 
IWI.OOO 
1,500,000 

i.oao,ooo 

300,000 
1,000.000 
1,500,000 


Loan  a. 

JlJTV.OJO 

cim.aoo 

4,988,5(0 

2,n;,:ioo 
i.<6»,n« 

850,000 

2  871,400 
2.111,900 

:ie<>i.;(iu 
«s4.eao 

i  iOJ.6  0 
I.IM.COO 
2,«80.UiO 
1,157JU0 
3,403.700 
1,178,000 
1,814,000 

a.u2,aoo 

1.8i<,600 

r.8,500 

8.925  6JU 

78s,aoo 

717,100 
3,626,100 
3.314.6C0 
l.«5l'.600 
2.653.100 
3,637,400 

z.m:ioo 

3.J13,'4J0 
1.313.500 
3,485.000 
2,024,400 
3,724.800 
4,426.400 
UTU.OOO 

238,300 
5.598.  00 
a.O'l.lOO 
5,1811.000 
S,267.;L'Ci 
8,641.100 
1,8«9.500 
;.s  ('..Siio 
4,986.600 
3,694.800 
4.9511.100 

595,600 
»,'i99.9r0 
2,551,900 


*P"I«-.  L.T.Nolea.  Depoalla.     Clrcul. 
i:,6iw       tM,ooo       ^Mi     tum.-M 

783,1U0 


300 
1.100 
8,!00 
10,400 


4,030 

83°.Ml6 
300 

2',a66 

30,900 
4,100 

5o',:6d 
1S.5J0 
3.900 

10/,W8 


7,60C 
13.9L.-0 

62.100 
10,100 
13,800 
9,100 
8,600 
19,000 
611.200 
4,S00 
32,600 
113,910 
30,010 

"V.foo 

8,800 
6,500 

8,060 
16.al  0 
•..I'JC 
112.9(10 
6,C00 
3,C0O 

2,oia 

1,400 


Thetotal  amount  '  ' 


K).<oo 

1187,9(0 

101,100 

55.000 

23,000 

23,<«l) 

i4 1.000 

187,100 

33.900 

76.700 

157.800 

76.200 

188,800 

84,400 

141.100 

80,1(0 

o3.!iiO 

219,500 

181,800 

62,300 

1.519,000 

69,600 

79,«C0 

79,9110 

332.400 

221,200 

142,000 

591,500 

67*10 

206.305 

114,710 

B8,7iio 

93.V0U 

161.610 

JiO.Sto 

56.000 

I6.S00 

414,200 

ni.Soo 

5:2,900 
188.^00 
48^,000 
46.30C 
130.(00 
402,800 
228,4(10 
268 .5C0 
101,700 
157,900 
123,000 


677.000 
I,M5.tC« 
1(8,900 
S9U.500 
139.000 
;M9,9U0 

i,i3ii,;oo 

:87.7(l0 
TiiiMi 
463,000 
S1S,500 
5'23,J0O 
720,100 
76;,200 
983.700 
639,200 
(01,200 

1,250.900 

1,138.400 
393,900 

7.910,300 
51.1,(00 
412,800 
682,000 

1.743.600 
913,800 
9:4,400 

1,7!0,;00 

1,035.500 

1,223,500 
646.700 

1.(89,500 
639.300 
878.700 

1.2.16*10 
784,500 
103.500 

2.44 -.600 
663,200 
U'li.AiKS 
t68.700 

3,727,300 
(>(I3,4;0 
627,600 

2,42.5,900 
974,900 

2.3(7,400 
849.400 

1.19e.«00 
958,000 


BMMO 
949,«JU 
493.50U 
148.000 

281.500 
6!5.li>0 
548.100 
7S5.9UC 
213.+)|i 
514.100 
3:i5.«0 
S54.000 
228.3U0 
452.8U0 
:49.200 
341,2  0 
312.500 
8?5.8l.O 
21.3(0 
1,709.500 
45,000 
173.7WJ 
751,900 
542,5(10 
333.200 
417,«)0 
711.I0(J 
994.70U 
7r2.4(io 
I.17,*J0 
607,4a(i 
5;2.50« 
479.S13 
4Sii.lOC 
141.300 
4.'1.UXI 

i'n..m 

.560.700 
7:9,?0C' 
■i?0.l00 
300,00(1 
374.,  CO 
3r2,3ijii 
M9.9(l(l 
9,56,7c 
991.100 
17!),0IX, 
531. SiH; 
33u,0O0 


toOITOH,   PlflL408I.PHIk,  Btc. -CoRUQOod. 


uouKiTiaa. 


Bid. 


tis 


-      1133.100,100     8834.400     19,193  800    «55  9'8  20C  ivToi'-Ti^ 

''d""oo'herBanK.."aaper.tatemenT^j'Det:o  i.tVlM'M 
OaTl^  "*«^"'"<'"''  'r<""  '««  ''««'^'«  r«urn«  are  as  JoIJo,.b •  '* 

SSiHr Increass..        1,2>3  1  Leial  Tenders.         DMrpa.. 

«-"'-• Ptcreaae.  IM2M    "epo91ta...."!.;.V.V.i5?j;|JJ,'; 

4J,200  I  Circulation Increaae. 

a  series  of  weeks  past: 
^^°Jl*-    LeRBiTenders. 

7J9;500 
790.-2(IO 
8)1,400 


BPOOle Increase.. 

Thef  oUowing  are  tne  totals  for 

»T    ^a.^-  l^o*  n». 

NOV.29 135.615.600 

S'0.«.. 135,731,900 

I«C-1S 181,992,600 

Dec.30 133,'.00,100 

Pblladelplila  Banks-— TUe   following  Is 


IS3.200 

1.59'.I00 

42,900 


9.933.S0O 
9,763,8(10 
9.8ir,"00 
9,193,830 


penoails.  Circulation. 

5S,3,)7,70O  23,227.600 

5<,418,n00  25,3. S  200 

57.518.300  24,<)5180U 

5j,928.200  84.99;:50o 

tne  average    con 


PHILADBLPHIA. 

•TATS  AUD  OItT  BOHDB. 

PenaaylTanlaSs,  i:u!d,  Int.  rar  uo 

(10  do    ciir.  Tar.         im 

do  «i,  1015   1877-83.  Jfg 

_       do  do        15-29.  'i<2-92  ill 

Philadelphia  6s,  old,  various 

do  (a,  new      do 

Allegheny  Conntv  9s,     do 

PlttBT)nr(t4a,  1913 , 

do       5f,  1913 , 

do       6fl.  youi.  various 

do        78, Watoi  Ln,  various 
do        78.htre»:t  Ilup.,'d3-86 
New  Jersey  6s.  Kxempis.  var. 
Camden  County  68,  various.... 

UamdenCltyd  do     

do      7a,         do     .. 
Delaware  6s,  do     .... 

Harrlsburg  City  6s,     do     .... 

BA.ILBOAD  STOOKB. 

Camden  &  Atlantic 

do  do      prer 

Catawlsaa , 

do        prof 

do        2u(l  pref. 

Baat  PennsTlvunla 

Kimtras  Wlllliimsport 

Blrnira^  wnilamsport  pref. 

Unntlnglon  &  Broad  Top  .. 

do  do     pref. 

Lehigh  Valley 

UttleScUuylSlll 

Mtnehlll 

Nesquehonlni!  Valley 

Norrlstown 

North  Ft^nnsylvanla 

OH  Creek  &  Allegheny  River. 

PenLByivania 

Philadelphia  &  Eric 

PtiUailelrhla  &  lieadtnf; 

Philadelphia  d:  Trenton 

phlla.,  wllmlnK.&  Baltimore. 

United  N.  J.  Companies 

West  Chester  contoi.  pref 

WeatJersey 


Aak 


MoosiTiaa. 


114U 

102  J< 
105X 


£X°^4?K'«S.,  -••'""'  =■ '"  -i-  "-^p'S 


Phi,  ?*."??•  Capital. 

"lladolphla $1,500,000 

gorth  America 1,000,000 

'armersandMech. 

OommerclBl 

Mechanics' 

Bank  N.  Liberties. 

South  wark 

Kenslneton .'.' 

Penn 

Weatern 

Man  ufac  tore  rs '....' 
Bank  of  Commerce 

glrard 

Tradesmen's |' 


2,000,000 
810,000 
800,000 
500,000 
250,0C0 
250,0(0 
500,OCO 
400.000 

1,000,000 
25O,OC0 

1,000,000 
200,00" 


Ijoaris  8r>'^Gle. 

tS,3C0'  000     183,000 

■     -.000 


OansoildatloB,'.'..'.'.'.  80o!o(io 

City 400,000 

Commonwealth....  sno.oco 

Corn  Biohange....  500,000 

Colon 500.000 

5,'J","- 1,000,000 

TWrd 300000 

I'^th.. 190,0(X) 

Saventn 350,000 

S'KWb 275.000 

«9htf»>-. 750,TOJ 

B*nk  of  KepnbUc. .  ,MO,tW 

Security 250;ow 

Total 


6.025.3'JO 

2,40  l.O!.* 

l.->'28.0vO 

2,9 12, Of  C 

l.l!il.8;8 

l.('3:.lll 

1,B4I.600 

I.804.S21 

2  6C6,((I0 

8U.08I 

4,0*7.00(1 

:.52«P(0 

1,16  Of  9 

1.550,5:5 

813,000 

1.881,000 

1,616.000 

4,052.00(1 

913,180 

557.000 

679.000 

1.065.000 

3.836.000 

2.!5«,000 

683,000 


77,1(0 
4,0C0 
13.500 

2,'526 

I'.ao 

5,610 

iii 
9,000 
18,000 


3,000 
35,000 


31,000 
1,403 


Total  nel 
L.  Tender.  Ueposlts.Ciicnlat'n 

(925.000  »3.672.000  t720  000 

1.135.(00  3.138.000  73SO00 

l.!B7,4*  4,'.33,70O  hoooiow 

5:2.0e0  l,7.^8,000  625IW 

211,000  1. 157,100  a-5(™ 

^63.000  3.468.000  mncf 

447,710  1,380.131  JOs'sTO 

186.000  683.050  22497(1 

247,2(0  949,444  220750 

■586,021  1,915.521  2lj'7?o 

350,000  l.:5g.0fO  341,OoJ 

:46,i45  59-2,421  211  120 

7«6,0O0  2.939.UOO  676  000 

290.000  ;.lo7.0U0  iSOfOJ 

195,731  7.'S.616  370'0OC 

390,8«)  1,006,553  tvi'^0 

143,000  560.000  21Su,lo 

821.000  1.880.000  cti'mc 

323.000  1,410,000  234O0 

l.uM.OOO  3.371^X0  wot 

291.000  869.640  260  jnj 

101,000  139.000  ISS'ttiS 

n!.000  517,000  216S50 

202.000  778.000  235006 

iSI-SSS  S.216.000  SoS 

308,000  831.000  791  ■)(« 

U3.000  l29,iM  l7i:ooS 


116.435.000  »59,1(S, 151    |318.339     »l!,35(i,3i;     ♦44  913,0^4    liosSwo 

Tne  dBTlations  from  the  returns  Of  previous  week  are  as  follows- 

S?J°,'- Dec.  »5S3.S93  I  Deposits Deo      iw!mi 

!S|^deriiites:v;.-;v.-i^^   «;»»^|c-u,atio„ .  ..;:;;;;::;.S^;  '^Jf^,t 

ibe  following  are  tlie  totals  for  a  series  of  weeks  past  • 
uate.  koj^"':^         SDenlo.    LogalTon.lcr.      Daooalts.  c 


-Nov. 
Dec.  6. 
T)BC.  ft. 
Dec.  30. 


59.985,54! 
59.692,0(4 
59.lr8,151 


236.7 
274,711) 


12,^77,113 
12.412.101 
i?,15'i.8;7 


46,466,298 
45.274,133 
44.918.(34 


10,Br,ilO 
10,551,833 
10,573.451 
10,594,-.O0 


OA.VAL  STOOES. 

Delaware  Division 

Lehigh  Navigation 

Morris 

do   pref 

Schuylkill  Navigation 

do  pref 

KAILBOAO  BOKD8. 

Allegheny  Val.  7  3- 10s.  •.896  .... 

do        ;s  E.  El[t..l910 

do     Inc.  78  end, •91.. 

Belvldcre  Delaware. Ist  m,6.'77 

d'>  do       2d  M.  C8,*85 

do  do      3d  il.  Ea,'87 

CamOen  A  Amboy.  6a,  *83.... 

do  do        68, '89 

do  do  mort. 68, '89.,, 

Cam,  &  Atlan.  lKtm,78.K.19i'>s 

do  2d  do  78.  c.  1881) 

Cam.  &  Burllijgton  Co.  6a,  '91. 

latawissa,  new  7'.  1900 

Cayuga  Lake  let  in.  g.7^,  1901 

OonnectlDK  68  1900-1904 

Dan.,  H.  ftWIlks,  let  in.,7i;,'8;'' 

D--lBivare  mort.  68,  various 

Bast  Penn.  let  :nort.78,'88.. . 
Bl.  *  Wmsport.  let  m,  7b.'80. 
do  do    Ss.perp 

Harrlsburglat  mort. 68, '83,... 
H.A  n.  T.  1st  mort.  7b, '90.... 
do      2d  mort.  78,  '93... 
do      3d  m.  cons.ts, 'SS' 
Ithaca  &  Athens  g. 7a.*90.... 
JuncUonlst  mort.6s, '82..  .. 
do       2d       do  1900.... 

Lehigh  Valley, 6b,  ecu.,  1S93.. 
do        do         do  reg.1898,. 
do        do         do        78.  l'jio!ill 
do        do         con.m  68 19  8   97J, 
Llttle8chuylkln.iatM.,7, 1877.  100 
Northern  Puclflc  7  3-lOa.  1900*.'  ... 

NorthPeun.  l8t  m.  6s, '85 ,106 

do  2d  m.  7s, '96 I  .... 

do  chattel  M.  108  18771  .... 

do  gen.  M.78,  1903..!  .. 

Oil  CrM*  Ale.K  ,  cfn.7s,'88".l  60 

Oil  Creek ist  m.78, '82 80 

Penn&N.Y.C.iP. I!7s.96-l!i06   lO'l 
Pennsylvania.  1st  M.,6,1SS0...  1('6V 
•to     gen.  m.  63 19!0,  ceup  102 
d«     gen.  m.,  68  reg.,  1910  102 

Perklomen  Ist  m.68.'9f. i  ... 

Phlla.  AErle  1st  m. 6s, '81 llOO 

do  2d  m.  76. '88 S^■i4 

Philadelphia  A  Keadlngts,  80  104 
■lo  do       7s, '93  108;^ 

do  deb. bonds, '93   83 

do  g.m.78,c.  1911  106 

do  do    reg,191i 

(lo  uewconv.  7b.:: — 


51 
49J« 

isi" 

7X 
I5X 


85 

4j 

99 

96 

91 
lOlX 

99X 
101 

162  ji 


91 


00 
103 

65 

,02 

06K 
102)4 

57  \ 
102 

98  ;< 

9^ 

lOSX 
103* 


19H 
42« 


61« 

69 

53J< 

20 
55), 


49* 


95X' 


do 
do 
do 
do 
do 
do 


„      .BALTinoRE. 

Maryland  ti,  defence,  J.  *  J 
5"       ••.exempt.  1S87 
00        (.MNO.  (jnarteriy!;: 
_  ,?.°        S'linarterly. ....... 

Baltimore  6s,lK4, quarttrlv 
do        «a,13S6,  J.  4  J    ■'■•■ 
6s  1890,  quarterly!:: 
68,  Park.  189.1,  0  _ii, 
68, 1^98.  M.  &?...„ 
6«,  exempt, '93„'M.&B 
6s,  1900,/.  i  J. . 
„     —         6s,  1902,     do    ..     "■■ 
Norlolk  ■Water,8s... 

Bait.  iOhlo-Strick....        no 
do        Wash.  Branch.. It* 
K!^  .^°     „P»rkcrBbnrg  Br.  50 

J;prtheni  Central 50 

Western  Varylund.  '  fifj 

Centrali  lilc. ^ 

Plttsburiili  s  Connel'isvliie.  50 

„    ,.      BAILUOAD  BONDf. 

Bait.*  Ohio  6a,  ISSO,  J.  &  J 
..  .^fo  6«. '885.  A.*  O.. 

PIttsb.  &  C(  ntellBv.  7b.'98,  do 
Northern  Central  «s,  1885,  do 
do  _      68,1900.A.4O. 

,.„„  ,>K,''2 ''.'?°.'<''"""'J*''- 
Len.  ()hlo  (<,  Isl  M.,!B90,M.&S. 
W.  Md.  6a,  isi  M.,(cr)'90,  J.»  J. 
00  latM.,  f»90.  J.4  .J 

do         aa  M..  fgu«r,)  .!.&.;. 
do  2d  M..  (pref.).... 

S"  ''M-(f'^y*^-'  o.)J.*.i. 
do    68. 8d  41    (guar.)  J.2k  0 , 
Mar.  A  C.n.  7s,  K.  «  A.,  1692 
do  2d,  M.A  N..     , 

UnlonPK.,  istBuar..  .1  *J.. 
do       Canton  endorsed.. 

MIPOBLLANKOrs. 

Baltimore  Gas,  certificate.-'. 
People's  Ga«...    . 

"'A.XHINO'rO'V.' 

Dlttricl  of  Columbin. 
Perm  lmp.,6s,g  j.«j   ;89l. 
do         7s,  rsoi ......... 

Market  Stock  bonds.  7e.  Ifss 
Water  Stock  bonds  78,1901 

„.  ',",         78,1908.'.'. 
WaUingtoii. 

»  year  Cera.,  711.10,  1875 

Ten  year  Bonds,  6s,  1878 
Jund.Loan  (Cong)  6  g,  1692:. 
rund.  Loan  (Le^).(,p,g,  1902.. 
>ckri.-28)58,atpleat 
^K  i„  '  (1843)88,  at  pleai 
(yhes.  ft  o.  «t'k  ('47)  68.  at  pleas. 
GeorgetouH. 

GeLeral  ttock.B.',  1881 

do  68.  at  pltai^ure. 

Bounty  stock.  68.         do 
Market  stiick,  68.  da 

Hoard  of  Public  Works— 
Cers.  Gen.  Imp. s«,  1871 


Bid 


09 
lOS 
103 

80 
I0( 
IC( 
IP6.I< 
106 

lie 

no 


ABk 


111 
lU 
105 
89 

107 
107 

(107 

:i3 


106  107 
106  107 
lt'l»  lOli 


;74H 

120 

7 
34 

5 
41 

7 

103 
108 
iW 
107 
101 
98 

:on, 

%'4 
1C6 

90 
1(6 

90 

95 
106 

'^6" 
80 
SO 
96>i 

107 
26K 


175 

190 

8 

35 

4§^ 
11 

109 
109 

m% 

106 

Itfl 

lOIV 
1012 

07 

91 

07 

91 
1(« 
107 
1('8 

96)i 

SOM 
100 

»8 


26!^ 


tlOTATKIJIS  IM   BOSTIIM.  PHlUlTblLFIllA    A!«D  OTflER    CITIES' 


SSOUBITIKS. 


BOSTON. 

Malne6s 

New  Hampshlre,6s.... :.::.'" 

Vermont  6a 

UaBaachusetta6a,  Gold....'..'.!* 

do  5a,  Gold 

Boston  6a,  Currency 

do     sa.gold '.'..:" 

Chicago  Sewerage  7a ' 

do       Municipal  7a '. 

PortlandSs 

Atch.  A  Topekalst  m.'7'a'."."" 
do  land  gt.  7b.... 

do  2d  It.  ....... 

do  land  Inc.  12b. 

Boston  ft  Alliany  78.... 

Honon  A  Maine  7s "" 

Burlington  ft  Mo.  Neb.  8b,  1894 
do  do    Neb.  88, 1883. 1 

liaaternMasB..  78..  ..  I 

Ind.  Cln.ALaf.  78,  IS69...;;'" 
do         etnlpment  lOs'. 
,,    .      ,«o         funded  debt  7a 
OgdenEburg  &  Lake  Ch.  Sa.. ..;' 


92 
112X 


aZCURITIKS. 


Bid.  I  Aak 


1«X 


lai 


Vermont  A  Maas.,  Ist  M.  6,'88 

STOCKS. 

iJoston  A  Albany  stock* 

Uoaton  A  Lowell  stock 

Boston  4  Maine 

Boston  A  Providence  ".' 

Burlington  A  Mo.  In  Nebraska 
.Cheshire  preferred. 
.Cliicajto,  liur.  A  Qulncy .'.'.. :.'.' 
I  Clu. ,  Sandusky  A  Clev.  stock 

.Concord . 

I  Connectlont  River ::"'•*)" 

IConnectlcut  A  Fassnmpsle,  pi 

Sastcru  (Mass.) .  mu 


VTmont  *,  Can..''neV.  8b 


..iSastern  (New  Hampshire')'!!:: 

...I  Flichburg 

....  i| Manchester  A  lAwrence...!!! 

995(i|Na8hua  ft  Lowell 

91^iiNortheru  01  New  Hampshire. 

'  SorwlchA  Worcester 

Ogdens.AL.  Charaplalu 

OldColony 

Port.,  saco  A  Portsmouth. . .' .' 

Rutland  common 

do     preferred 

ferment  A  Canada 

Vern.ont  A  MaesaohnsottB. 
Worcester  A  Nashna.. 


100    I  .... 

lf3V  I  IS8>« 
....i  54 
.  .  ;n.9 
....!146 
£6  3S 
...      39 

':(.'« |114.'< 

I'X      9 


lOH 


r.,  ,,  do  Coal  A  i.co  m.,78,'92-'S 
Phlla.,  Wilm,  *l!alt.6s,  18  4. 
Pute.,Cln.«  St.  Louis 7s, '90.. 
Shamoklu  V.  4  Potisv.  7s, l'«:. 
SteubenvllleA  Indiana 78. '84 
Stony  C' tee,  Ist  m.,  78, 1907... 
Sunhury  A  Krie  Ist  m.7s.')7. 
Sunburv  A  Lewlston  7s.  iiiSO'. 
Uiilted  N. .),  c  ns.  m.  68,  91.. 
Warren  A  K.  Ist  ni.  ,8,'iw  ,  .. 
Wi'st  Chester  cons,  rs, '91.  .. 

West  .Tcreeylet  m.68, '96 

„      do  do    78. '.397... 

Western  Penn.  I{R.6s.l!.33... 

do         do     6aPb'96    .... 
Wllm. 4  l!ead.,lstM., 7,1900". 

do  do  2d  Mort.  19j<< 

OANAI,  KQ.NDS 

Delaware  Division  fs, '73 

Lehigh  Navigation  68. '81 


103 


90 

:ooH 


IC6K 
109k 
31 


z 

.... 

31  >, 

103\ 

1(4 
61 

:i 

13 

..., 

!.»*- 

do 

do 

do 

do 

do 
MurrlB.lst  U 
do      2d  M 
do       bojt 


RIJ.  9 

deb.Ti.... 
eoav  ,  '82 
conv.,  g.'ii4, 
gold, " 
,6,1876 . 


lt'2X 
104 


96 

108    ' 

98 

98 

...  11«)<|108 

Diiini>Jiui;, 
100  ' 


f^o  1875 

do  1876 

do  1S77  .... 

do  1878 

„    .,    do  Scries. 

Certlflcatea.  Sewer,  8a,  1871-77 
Water  Certlflcate8,88, 1=77. 
CINC«NNA'1'1. 

Cincinnati  58 

do  65 

do         76 

do  7-308 

Cincinnati  South'n  RR.  7.80a  • 
I  Ham.  Co. .Ohio  6  p.  c.  long  bd=. 
do  do     7p.c.,Ito5yrf. 

do         do     Ig  bds,7  A'l.SOt 
Cln.  A  Cov.Brldge  siock,  pref 
do  bonds,  loni:, 

Cln., Ham.  A  D.,l6t  M.,7,  80." 
do  do       2d  M.,7, '85.. 

do  do      3dM.,  S,77 

Cln..  Ham. A  Ind. 7b  guar 
Cln.  A  Indiana,  1st  »)., 7... 

do  do     2d  M..  7, 11)77. 

Colum.,  AXenla.  Ist  M.,7, '90. 

Dayton  A  Mich.,  IstM., 7    81 

do  do        2d  M.,7, '84. 

do  do       SdM„7, '89.. 

do  To'dodep.bdB,**, '81-'94 

Dayton  4  West.,  1st  M,,  I88I, . 

do  do       Ist  M.,  19i«.. 

do  do       Ist  M.,  8, 1905. 

Ind, .Cln.ALaf.,  Ist  M.,7 

do  (X.AC)UtM.,7,188f 

Little  Miami,  6, 1883... 

Chi.  Ham.  A  Dayton  stock.. .. 
Columbus  A  Xcola  stock  . . . 
Dayton  A  Michigan  stock  .... 
do         8  p.  c.st'kgnai 
Little  Miami  stock ..... 


1876 ■    1.-«!<I 

35 I     ..  ' 

Pennsylvan:a6a,  1310 i  73 

Sciiiiylklll  N'hv.  lat  m.6s,'97    i  95 
do        ill  m.,68, 1907i  fO><I 
do        m.  68.  '95  .....  .... 

do  '6, Imp., '80...  90 
lo  63,b^at&car,l9H  7» 
do  7s,bnatAtar,1915    '31 

do  scrip '6 

)<uBguehanna  38, 1894 77 

'  In  default  ol'lnterest'.  < 


L,<rf;isvii,i,E. 

Loulevllle  6s,'S2to'87 

do         68,'97to'98 

do         Watel  68, '87to '89. 
do        Water  Stock  68,  '97, 

do  Wharf68 

do        special  tax  68  of  'S9 
leff..  Mad.  A  I,lstM.(IAM)7,  '8, 

do  do    2d  .M.,7, 

do  do    Ist  M., '7, 1906.... 

l.oulsv.C.  A  l.i-x..1stM..7, '97., 
•  oula.  .t  I'r'k.,  Ist  M.,«,'70.'7S, 
do       I.oulsv.  l.oan,6. '81 
L.  «  Nash,  let  M.  (n.B.)  7.  T,. 
d'l    Lor.  l.o«(ni.s.)6. '8f- s 
do  do      (Leh.  Ilr.)6,',^(; 

.10  l»tM.(Mem.Br)7,*70.'75 
do  lat\l.n.eh.l'r.ex)7.'80-'9l 
do  Lou.l/n(3,el>.br.ex)6,'9Ir 
do    Consol.lst  M..7, 1898.... 

Jefferson.,  Mad.  ft  Ind 

Loul8v.,clD.  A  Lei..prer 

do            do         common. 
Louli'illc  4  Nashville 

•iT.  LOUIS. 
81  L"i:i»  6s,Loug  llond,* 
to       Water  H 
d<  do 

do  llridge  Approach  g, 

do  Uenewbl  gold  6s • 

do  Kewer  g.63  ('iiic*91-2-3)' 
St  L*  uiaCo.new  Park  If.  69..' 

do         c'y,  78 • 

At  A  Pat  lOc  ^nar.  land  grant- 
do      2d  M.(tuni;e(I.i... 

'  And  Interest. 


•80 

•92 
105 
10; 

102 

'92 

99X 

'1(13 

115 

9(1 

99 

94 

98 

81 

85 

.2 
100 
IdO 

92>5 

83 

98 
•100 

87 

77 

65 


88 
SS 
83 
SS 
S3 

76' 

39 
78 
84 
ti9 
95 
83  K 

88 
88 
«S 


Hond,*  ...      • 

?Ol.l.    -      ."  1 

do(neWM*ill 
'roach  g.6s'  11 


99 
106» 
06  J« 
(MX 
UV|« 
ll'-l* 
102* 


» 

07 
103 
103 
94 
103 
106 
118 
95 
•.01 
95 
1(0 
82)4 
90 
75 
113 
1(B 
94 
90 
100 

90" 

90 

68 

8S 

IS 

SO 
100 

42 
10  i 

94 


NX 


89 
89 
89 

'•i'ii 

89  >, 

74 

10 

50 

l« 

^9 

!0 

1-9 

69 


(■2V 
Its;-, 


December  25,  1376.] 


THE  CHRONICLR 


609 


us. 


eSNBRAL  QUOTATIONS  OP  STOCKS  AND  BONDS  IN  NEW  YOKK. 
BmuU  m»*  mtttt*  ffiiflriMif  rtrnttmnjiiutsd  «»  »  pMmoui  page.    PrieM  rtpretent  tlu  ver  MtU  value,  whattver  the  par  may  b*. 


Stat* 


Sii'S: 


4o      li,UH -jL- 

to     E  Ate.  *  Cbtt.  K^.  ■ 


*o      m of 

4rkuM(  li.  fnted.  .^ .  ■  ■ .  i .  ■ - 
4a       ».I-B.*  rv8.l«. 

4o      Ik  Ark.  Cat.  R.  ■-■ 
Coi 


«a      l^wimil^... 
4o      XfoMbead*.. 


Ullaola  ••  ooaros.  tan. 
(1«  4o       31* 

no      Wtrloaa. 

Keatoelnr  ••..•. 
LmMw*  ■•.... 

to       4e  ■»-  —  . — 
do       4oM«lMttaca 

*o       f,       *>         ■■. 


:  !••  !  :::: 

.  IM  I   ... 

,  IM  .... 

.i>M 


Mccirnst. 


Railroad  Bonds. 
tauet  Xice»am§t  A*MJ 
ADhuj  *  Swq.,  lA  bond*. . . 
4o  «o      la     do    .... 

te  do      M     do    I 

BDMoa,  Butt.*  ■rta.lK  mort, 
do  do  (lur  ... 

CaMMMOka*  Ohio *.  IM  m..  .< 
do  do        «x  coup 

Chlexo  *  Alton  ttnklns  load. 


naornmsn. 


toi 

■.s.s 

IS'- 

n 

a 


to 
to 


latmort... 


molt.. 


JotMACUMio,  M  moi 


...I 


XSvim^:. 


RcvToS 


1MB. 

.*().•  p.  clMm... 

do   conftol.  m.  tt 

CMew*.  Rk.  Uland  *  raeUe. 
do       8.  F.  Ine.*.* 
CdBtnl  •(  IT.  J,  IM  m.,  new . . 
do  do     Ut  conMl.... 

do  do     000.0001 

Uhlfii  *  WlUet  il.  con.  cnar. 
Am.  Dock  *  ImproTC.  bondi. . 
MH.  *  SU  FHlIM  m.  M,  r.  D. 
•■  -1  $.10 


S  IM.  WX. 


r.i 


Ml 

Hi 
111 

t05\  U» 
>4H    M 

mn  lui 

iw 

rs 

MS    « 


!  Tol.  4  WlbMb.lst  m.  extend. I 
do  di       lit  m.8t.L.aiT 

do  do       Idmort 

do  do       eqolpmt  bds. 

!    do  do       con.  conrert. .  I 

HfrHiWnT  4  Naplee,  IM  mort,. . 

Brant  WoMorn,  Ut  mort.,  IMB. 

do  td  mort.,  IB98.. 

Solncr  *  Toledo,  Ist  mort.  18901 
llnou  A  Bo.  Iowa,  IM  mort.. .  i 

Lafnjetto.  Blhi  *  Mlu.,  lat  m . 

Ilu.  *  CSnCntMlMoarl,  Ut  m. 

PeklnJJaeoln  A  Oecuur,  IM  m 

HoMOB  *  N.  Y.  Air  Uue  Ut  m . 

Ctn.,  La(«T«lt«  A  Chic,  Ut  m . 

DeL  A  Bndton  Cuul,  inm./n 
do  do  MM 

do  do  ISn 

do  do     roup.  T«,  18M 

do  40.       rfg.  Ti,  UM 

Lone  IiUnd  ml.,  Ui  mort 

Sooth  Side,  L.  t..  l»t  m.  bondl. 


■xctJUTixa. 


n 

8 

MX 


do  tlDklnffand 

Wutera  Union  Tel.,  lMO.conp 
.ntocellaaeona  Lint. 

rJroHri*  ^woumiUmu.) 
rtriKS. 

.Mlinny.X.  V..«« 

liuffnio  Witcr 

ae      PnrK 

I  lileasote,  lone  dm* 

do       I*,  Mwemco 

do       *•.  wMpt 

do      7s,  rlrerlmprOTement 

do      7a.  Tftrloiu  .  ... 

(lerelnsd  ••.... 

Ixirolt  WMer  WorktTi 
Kllnbeth  City,  doe  ■«.. . 


m  . 


1U}% 

r.t 


•M\ 


v»w\ 


nn 


,au 


IMk  lOS 

:iM\  lOB 
lOIVl     . 

IS*  -'« 

M 

n 
la 


liortt 


wiw 


_lle.» 

trinonn  *  R.  Paun,  IM  M' 

do           do  tdmori 

'CCC*  lad'^IMB.IOI.  t 
I  do         — 

!dii.,: 

do 
iHorrU  *  BMO.  >M  MOit. 

I  s    g  5^. 

do  to     fcofWB.... 

do  do     Uleoa.  (n* 

rirte,  Kt  ■on.ccr 
do  ^ 


A«^J 


M 
i  tl 


III     IM 


107 

'■ 


Jna.A  Jolr 

t  t-cr: 

x*MM,i»t.»*jm. 

tirftBlntn,oM.  4_  ■■■  ■^■ 
do      do      *o    ^   !••» 


Uirtfordle 

ludlnnnpolu  7«i  .. 
SewnrtCltyTi 

Pondniawto '#Mei 

BoKSffCRy  Wuer  hda.,  -M  l« 

Vonktrt  wnlor.'dne  iwa  . .  i ! ' '.  ( 10» 

vtrktion  A  r.  Peak,  (•,  rold.. .  » 
Mlutir  A  Paclde  UO.  b.sld.  •) 
Alcklton*  K*»rMkn.ip. e...  W 
Bar.  ft  Mo.  RtT..Un«  B.  7a... .  !« 
do  4o       MS.,do  7a....  in 

do  23        ldS.,do  Sa....  108 

do  do         Mh  )>..  du  «a. . . ,  IW 

do  do        ux  8„  do  Sa. . . '  lot 

do  do        t.bB.,dola.  .  m 

llnr.C.K.AIi.  (ll.dlT.).I.7a.   *IH 
<  •IroArnltoa/lMTt.cold  ...    M 
I  aUfomlaPncKS.  7«,KOld...   W 
do  •*.ldm.,»  J, 

c-nnnAnSoatbatalM  m M 

do  with  lat.c«rtlta.!  17 

i.'eatnl  PaelteTn,  «ld,eonT..  Mt 
Centnl  of  town  Ufa.  7a,  gold   M 


lOi 


Haa.  ft  at.  Jo.  Mad  giSla. . 
do        do    •K.oaav.  Bon.     '' 

e^ssMifTjMj^" 

CUTa.ftVal.5iBM  taa4....,'^ 
do     _lfc   aaw  iroa*a...„.lg 

lcwrt^puuMawj;j-j 

ATol. 


do  do     *d  m.  7a, 

KeoksK  A  m.  Pulk... 

A  Bsr.B 

mion.Twru  A  linn.  •§. 
o.  o.  A  Fox  It.  Tnller  la. 

unbcT  A  Waraaw  la 

nimob  liiand  Traak 

rhir..  tnb.  A  Mlnn.M... 

I'rorU  A  Baaalbnl  R.ta.. 

chlcafo  A  low*  K.  ia 

menimnt: 


(Old    U\ 

...  101 

d  ..lot 

Z^  10* 
•S  KM 

KM 


:Mo.  R,  Ft.  S.  A  OoU  ut  m.  10a 
'  fio  do  M  m.  10*. 
;n.  HnTon,  Mlddlefn  A  W.  7a. . 

N.  J.  Midland  Ut  7i,  gold 

d"  2d7« 

Xew  Jersey  A  S.  Y.  7b,  gold. 

N.  r.  A  Oaw.  Mid.  Ill  7>,  gold, 
do  do        2d  7>,  conT. 

North.  P«c.  Ut  m.  gold  7  s-iua.. 

nmit  *  A  aonthweatern  RR.  M 

Otwego  A  Rome  7a,  goar 

Peon*,  PeUn  A  J.  lat  mort. . . . 

PeorUARock  I.7«,gold 

Port  Huron  A  L.  M.  7a,  gid,  end 

Pnllnun  Pnlnce  C*r  Co.  atock. 

do        bde,  Rs,  4th  aerlea 

;  iRockfd.  R.  I.  A  St.  L.  lat  7a,gld 

.ill«u,.u-'  ■- '<«we«fn  7a. «ol<r... 

Slonx  CUT  s  •'•cific  <H 

Soathern  Minn,  consiroc.  Ss. . . 
do  "a .   .. 

St.  Jo.  A  C.  Bl.  Ut  mort.  10*. . . 
do         da  Sp.  c. 

SandoakTiMan*.  A  Newark  7s. 

St.  Lonl*,  Yaodali*  A  T.  H.  UU 
do  do  Id,  gn*r. 

St.  L.  A  Bo>*stem  lat  7a,  gold. 

8t.L.  A  1.HI.  lArk.Br.)7s,g.. 

Sontbem  Central  of  N.  Y.  la... 

Union  A  Lqganaport  7a 

Union  Paeloc.  So.  branch,  ts,  g 

Walklll  Valley  Ut  7*,  goM 

We*t  WIscoDBtn  7s,  gold 

Wisconsin  Valley  8* 

Sontharn  Necnrttlea. 
(Aroi:<r«'  QuokMuu:, 

STATK*. 

Loolalananew  oonsol.  7s 

Sooth  Carolina  new  oonsol.  I*. 
TeiuaSuteta,  lirn 

do       •*,  IMl-9 

do       78,  gold 

do      10a,of  18g«... 

do      10a,peBiloB. 
oiTiaa. 

Atlaau.  0».,7a 

4o       8a.... ...... 

Ancnata,  Ga.,  7a,  bond*. 

Charleatoo^tockla 

CharleMon.  8.  C.,7*,  F.  L.  bd*. 

8alimil>ta,8.  C.,t* 
ohrnibn*,  Oa.,  7*,  bond*. . . 

LnehbiiTf  •* 

Macon  7*,  bond* 

MemphUold  bonda.i* 

do      newbonda.t* 

do      end..  M.  A  C.  RB. 

Mobile  a*.(canp*.  on) 

do     S*,(co<v*-oU 

Montgomery  8*. 

■«Bhrlllel*,old 

do       t*,new 

If  iv  Orlean*  t* 

do  eonaol.  la...  , 

aa  bonds,  7s 

4a  aold  is^Quarterly 

Ae  to  r*Uroada,'t*!l 

artoiki*. 


u 
w 

M 
10 
M 
30 
74 

4J« 

SS 

93 

71 
80 

»6' 
IS 
7S 


AmMfcan  Cestral  Is 
i-ble.  A  Sthwaatera  7*,  gaar. 
LTiM«p**k*  A  O.  ad  B.  (Old  7s 
CoLftUock.  **  •-*- 

do 

do 


ChKaao,  CUnloa 
ChlrTACan, 


lAO.adB.  (OldTs 
UnloaftDab.li.... 


t,    Sd3S& 

DMarMatr  ' 

ltallrMi«  M««ka. 


MarMMftClB.. 

MWA,  "     ' 


Chlr.  A  Can.  8enlh.  IM  m.  (.Is 
Ch.  U.  A  v..  iTiur,  IM  B.  (.  7*. 
Chle.,  DaaT.  A  Tlncea's  7a,  (Id 
CoaaMUcM  ^Uay  1>  - . . -I  ■  • " 
Coaaectteal  W*M«m  IM  7*. .. 
rMea«a  A  Mlek.  Uk*  BAora. 
tu.   T-rf>    M.  A  P.  IM  B.  7< 

,*  Fi  nodgelM . 

•daUAlB.  RRJ*. 


rlMMftClB..I*«  Bert. 


I  ar  Cllylanar, 
ei  RtTfrftllll*. 
.AUkalLiMa.!* 


» 


Sew  Jam  iiawa*.  i"" 

do  4a     <^ 

a.T.Ccntml  ta,IKi 

do  taiUB:. 

do  ••.laalaMai'. 

do 


'••  ;•,  ooBT.,  ita. 

•OB,  IMm.,r»><! 
ut  ni.,  rri 
Jdm«.f4.l»-- 
I  ari*^n),  1st  Bort.  «i   ^onp . 
do    _  4a  raa^. 

.arth  Mlaiaan.lMBBA. 

•  olo  A  MlaL,cunM]l.  ilttk    f  : 


I  «ntrBi>nMic  goid  Bonos 


if 


! 


a  » 


'  .hrthlowB  A  PailB.  la,  eoi 
lc.»,i 

Mil 

•  kson  A  8*c 


•  tnu,  T.  H.  A  I  hic. 
-  >t  ]Vrr  M.  7s,  Land  I 


I  ltd.  l*t  gnar  7.  . 
I.I  L.  o  :• 


i« 


to         BiauiMkoAl    r  I    .. 


L.  O.  boads  . 
^Mtcra  '•(<*•!  bonds. . 


„  _  la      orsr 

■anBTllla  ft  ao.  nilaol*.  bM  . 
fiTLaaa.  Iroa  Moaacftawai. 

tfl*4«'.w!i>.ftV«Bfa.aiBf 

wa#wa •    ... 


a    '.«ii 


I.   _ 

Irt  n  I.,  li 
:  liucr  VaUera.. 
ATexaaC.Ut  7s 
..Ai.sA.AVlaixn.ur    ., 

■•  ■•    ^^ xC.lst' 

.LoBlsT*.... 

fartli.lMTa.g. 

allMg.... 


•LROld.. 

trU.fnar, 


MO 


LaaMaa  A  Sac.  la. . . . 

Be.'la,uleiuloa,gold 

la,  laid  grant,  fid 


MlaeallaaaaaaMftchi 

|lTi>*4iB(>. 


iM.CO.,a»s  ^  psK 
da  m«     •' 

2-!j-3tt2^*«!» 


I  **ii 


do        da        Maort.„... 
facMc  R.  7*.  naraat'a  Inr  Ma. 

do  ie    tdaaort! 

i;ieT*.  ft  rws.  eoB*al.  *.  fa>4.  i 

do         aa     Mfe  aort 
CoU  Chle.  ft  Ind.  C  ut  mort. ! 
ae  _  *.    id  mort.. I 

Biiai.w*t«Tfn  A  Of.  roD.  Ist 
81.  U  ft  In«  Maaalaln,  ut  m. 

rMa 
lit  awrt. I 

da  4o    MBort.riTf.. 

_>         do     MBort.lM«B« 
MMTmo  ft  B.  ra.  B.  IM  ».  w. 
Toi.PBemft  W«naw.l(,X>_. 
do  do      'y.!).. 

4a  dn  Bar.lNT. 

do  Maert.. 
do  caaioLK 


"  li 

,.. 

ii-\ 

ll»v. 

i«i 

«4 

it 

IS 

s 

•I 

>l 

MS 

M 

I*IH 

no 

a 

a 

■» 

,^ 

n 

» 

.... 

Tl 

i4H 

4a 

3: 


do  B«w  ikl 

elLAABe! 
*,  l«M.  laalerart 


ls.(ld,JnBeAt 
I,  do  Feb.  ft  An 


1*.taaTai.  br'acfe 
hicain**,  ■"    "" 


•.Ko.ll. 
No.l(.. 


4o       

Stock 14 

*SoBtkH.M.(Bar   N 

laa.  A  U.  R.  UidBr  M 

KaMMdlf  ft  Cameron  It*...     » 
Eara.M:Jo.AC.B.aofW{  .... 
A*       4s  do    atOfW  .... 

KaaM*I)<*Moln«aUt7a.„   ^.. 
4o        U(  coop,  0<:l.,1t  71 
do  fandadtaLU  MH 

4o  pref.  alDck...  H 

0»t,aaanKR.utm.cld7i>.   .... 
iaoB.ftMI».  1st  Ts.gold.    » 
,AUA.ftS.w.-s,gii*r..    W 
'-Cnr.AOal.  Utoi.,l0t..    I* 
Crew.AS.  W.l«,g!d.i  J 

AlrLlneli ...   M 

lftr.J*rTlslB.(old|  ... 

Vfe'iS:?-W4.:lii- 


17 

ts' 

i» 

I  14 

I  >* 


7*,old  

7*.  new 

K.C.,<*,(old.... 
do     a,  gold.... 

RAILBOAO*. 

Ala.  A  Chatt.  Ist  m.  a.,  and.... 
AU.AT*nn.U.  1st  mort.  7*... 
do        do         Id  mart. 7*.... 

Allan  tie  ft  Onlf.conaoU 

do  do    end.  VTanlt. 

do  do   atoek 

do  do      do    gnar. 

Carolina  Ceatral  Ut  m.1*,  g. 
Caatral  OaorgU  oonaol.  m.  >i 

do  atock 

CkarlolM  Col.  ft  A.  ut  M.  7a. 
1e  do      stock . . . 

'laMoa  A  SaTannah  la,  end 
kTannah  A  fhar.  Ut  m.Ts.. 

w  A  l>arltn(ton7a 

Tenn.A  (ieonrlaa 

■w.  Tenn.  A  Va.  a,  end.  Tean 
B.  Tenn.  Va.  A  Ua.  Ist  m.  7*. . 

do  do        stock 

OeorgtB  RK.  7a 

do  atock. 

OrcenTllle  ft  Col.  7*,  gaar . . . . 

do  do   Xeartif... 

MacoB  ft  Bnuuwiek  aad.  7a.. 

Maeon  ft  AaaaMaSeada 

4o  ae      aaAoiaad... 

4a  do      Mock 

MeaphI*  ft  Ch*rle*toa  IM  7a. 
^<M  do         »d7s.. 

do  do         uoek 

Maapbla  A  Utile  Rorl:  iMm. 
BlaMalppI  Centrcl  1st  n.  7s. . 
do  Jdni.a... 

Hl"**-'rr'  *  Trnn.  Ut  m.  7s. 
do  do     consol.  Hs. 

Montgomery  A  West  P.  Uta 
do  do  Income 

MonU  A  Knf ania  Ut  a,  g.  end. 

Mobile  A  Uhlo  Btrrllng 

do  do      do    ex  eertlt 

do  do  a.  Interest 

do  do  ad  mort,  a...., 

do  do  stock , 

((.Orleans  A  Jacks.  Utm 

do  do    certlTs  8*.. 

N.  Orleans  A  Opelon*.  Ut  m.  a 

NuriiTllleA  Cb*it*nooeaa... 

Vorfolk  A  Petersburg  Iatm.a 

do  do  7a 

do  do         adm.te 

llortheaalem.8.  C,  Ut  w,  a.. 

do  adm.8*... 

Orange  A  AlexandrU,  UU,  a.. 

do  do  ada,  a. . 

do  du  M*,  a. 

do  llo         4th*,  a.. 

BI^B'd  A  Pelrnb'g  l*t  m.  7*. 

neh..Fra'k*b'g  A  Poto.  I*. . . . 

do  do  conv.is 

Ulch.  AUanr.  utcunaol.ts 

Bontbweat  1IK.  Ua  ,  Isl  iii. 

8,  Varollna  lER.  Ut  iii.  7t,  new. 

do  <• 

do  7a 

I        do  atock 

West  Al»ii.'i"«'".".'i'»r... 


W 

SI 

ti 

as 

ICO 
109 
I0l> 

m 

8* 

M 

n 

m 

»■ 
» 

80 
do 

so 


w 

40 

».S 

it'* 
IS 
100 
TS 


tl 

s* 

w 

M 

u» 

lOt 
UK 

M 

at 


ao 

ai 
a 
It 

I 

101 

81 
« 

la 


TeDlitrsi 
■  Virginia 


iin* 


Irgll 
do      c  111!' 1.  ■■•■"11 
n»inrKl»t."'.t  i;j''r<>n 


M 

lOO 

70 

n 

H 

tt 

n 

at 

H 

% 

«0 

77 

n 

«l 

M 

7 

8 

a 

48 

v> 

rt 

II 

w 

HI 

•0 

tl 

M 

M 

« 

in 

IB 

41 

8) 

41 

jg 

N 

to 

U 

t 

Ml 

n 

m 

It 

u 

•A 

w 

n 

88 

at 

m 

» 

in 

« 

TO 

•1 

n 

<5 

M 

« 

80 

m 

78 

in" 

ii' 

\ 

i 

81 

lO 

40 

«» 

4ll 

U 

610 


raE   CHROmOLK 


[December  25,  1875, 


NEW  YORK  LOCAii  SBCURrTIES. 


Bank  Stock  LUt. 


ColtrANIXB. 

Marked  thu>  (•)  are 
uotNaUouar. 


Adierlcft*... 
American  KxchanKe. 

Bowery 

ttrortdway 

Ball's  Head' 

Butchera  J(  Drcvere . 

Ceutral 

CtiattiHm 

Clieinlcal 

Citizens' 

City.. 

Commerce 

Continental 

Corn  Kxchanjee* 

Onrrencv 

Dry  Goods" 

Kast  Kiver  ...  

Kleventh  Ward* 

Klflli 

Plrat 

Fourth  

Kolton 

Oallatln 

German  American". 
German  Kxchanito*., 

Germania"  

Greenwich* 

Oranl  Central' 

Grocers' 

Hanover 

Harlem* 

Importers'  &  Traders' 

frvinj? 

Island  City 

Leather  .\iannlacirs.. 

Loaners*' 

Manufclrer8'&  Build.' 

Manhattan* 

Manut.  i\i  Mercbants* 

Marine 

Market 

Mechanics  

Mech.  Ukg  Asso'tlon 
Mechanics  &  Traders. 

Mercantile 

XerchantB 

Merchants'  Ex 

Metropolis*  

Metropolitan 

Murray  Hill* 

Naasan* 

Newrork 

New  York  County 

N  y.  Nat. Exchange.. 
N  T.  Gold  Exchanife* 

Ninth 

Nortfi  America* 

North  Klvei* _.. 

Oriental* ..#. 

Paclllc* 

Park 

Peoples* 

Phenlx 

Prodnce' 

Rennhllc 

St.  Nicholas 

Seventh  Ward 

Second 

Shoe  and  Leather 

Sixth  

State  of  New  York.. . . 

Tenth 

Third 

Tradesmen's 

Onion 

West  Side* 


Ci.PITAI.. 


f»ar  Amount. 


DtVIDCXDS. 


Pcrtode.    1S7S     I«4     Laat  Paid 


Wl.  S.OJO.WO 
lOUj  5.1X10,000 

Ilia  2riOtw 
■iy  l.oos  10 
10  axi.ix)0 
aw.ou) 
•i.ooo.too 

IBO.OOO 
800,000 

eui.oiH' 

1,000,000 
10,OOOJXXI 
1,500,000 

i,niX)00o 

lOO.OW 

1.OOO.0U0 

990,000 

a;0,ooo 

150,000 

BOOOOii 
9  000,000 

600,000 
1  500,000 

1(100.000 

200,00u 
ilOO,000 
100,000 
300,000 
1  000.1  w 
'100,000 

1  m>,Mi 

50O.(HX) 
10;i,0i0 
600,000 
aOO,«10 
4  "0.000 
8,050,000 
800,000 
«10,000 

i.dio.ooc 
2,ooo.oa> 

SWl.DOO 

eoo.iKio 
i.oin.ooii 

3.100,000 

1,000,000 

500,000 

4.000.1)00 

2'JO,noo 

1,000,000 

3,0(XI.I.|» 

800,000 

600,HXI 

soo.otxi 

1.5(l0.l»* 
1,000,000 

4oo,iMy 

3HI.000 
422.T0O 

2,000,000 
413.500 

1,800,000 

a.wio.iioo 

1,000,000 

800.000 

S«),CHXI 

l.Ol'O.OCO 

800,000 

8,0tt0,0'0 

1,(100.0(« 

l.l-OO.OOO 

1,000,000 

1,500,1100 

200,000 1 


J.&.). 

M.ftN. 

J.  A  J. 

Q-J. 
J.&  J. 
.l.tkJ. 

.I.&  J. 

ev.8mos 
J.  A  J. 
Q-F. 
.KA  J. 

J.&J. 

F.&A. 
J.  4  J. 
J.  A  J. 
J.  A  J. 
J.  A  J. 

u. 

,7.  A. I. 
M.&N. 
A.&  O. 
F.A  A. 
M.&X. 
M.&N. 
M.&N. 
M.&N. 
.J.  A  J. 
.1.  A  J. 
M.AS. 
J.  A  J. 
J.  A  J. 


J.A.I. 
K.  A  A. 
J.  A  J. 
K.AA 
J.  A  J. 
.1.  A  J. 
.1 .  A  J . 
J.  A. J. 
.M.&N. 
M.At.. 
M.&N. 
.).&  J. 
J.&  J. 
J.  A  J. 
.1.  A  J. 
A.  A  O. 
M.AN. 
J.  A. J. 
J.  A  J. 
.1.  A  J. 
.).  A  J. 
J.  A  J. 
.1.  A  J. 
J.  A  J. 
>I.A  J. 

Q-r. 

J.  A  J, 
.T.&  J. 
J   &J. 

f'.&'a. 

F.AA. 
.I.&  J. 

J.&.I, 
J.  A  J. 
M.&N. 
.I.&  J. 
J.A.I. 
J.  A  J. 
M.AN. 
•J.  A  J. 


18 
18 
18 
10 

7 

8X 


11 
14 

8 

11  a-s 

8 

s 

7 
10 
•20 

■'io' 

s 

8 
14 
10 


12 


il 
10 
10 

1% 
10 

0 

8 

4 

8 
10 

8 

8 
10 
13 


7 
18 
18 
18 
10 

7 

8K 


>  a 
10 
10 

S 


J»a.S,1l...i 
Not.  l,Tl.,.4 
July  1,15.  .6 
July  I, •7!.. 12 
Sept.  t.  "75. .5 
Jan.  8, 16... 5 
Jan.  .l,'76...4 
•'an.S,  ■7«...5 
Sept.  t  li.lS 
Jan.  3, '76... 4 
r«<'V.l,'75...5 
JulyB,  73.. -4 
July  6. "75... 4 
An^.2,^5...5 
'nl^l, -74     ■ 


JnlyI0,'7.'>...3 
Jan.  3, '76. ..4 
Tnly  1, 1».3H 
Inly  I,'75.2>< 
rnlyl,  75. .rS 
Jan  8.  "re..  4 
Not.  i,T5.,-r. 
Oct.  »,  '75. .4 
Feb.l,'74..,8| 
May  1,  •74...';! 
Miiy,  1,*75...8 
May  I,'75..10 

■i'an.«,'*76. 
.Ian.  S.  '76. 
Mcl..l,'75. 
Jan.l,'76...7 
Jan,  S, '76... 6 


PmoB. 


Bid.   Askd 


:3S 


900 

122M 


'm 


181 
8tX 


•Inly  1.'75...6 
Feb.l2,'74.fH 
Jan  .10, '75... 4 
Ani?.10,~5.,5 
Julyl,'75..3H 
Jan,  8, '76,  ■ 
Jan.  8,  '76. 
Jan.  3, '76.. 
Nov.  1,"7S...S 
Nov.  1,'75..6 
Not.  1, '75.. 4 
Julyl.'75...4 
,Ian.  3,'76...4 
Jan.  3, '76  S}i 
Jan.  3,  •76... 5 
Oct.  l.TS.  .4 
Nov.  10.'75..4 
Jan.  8, '36... 5 
Jnlyl,^7s...- 
Jan.  8,  *(S.3), 
May,  '73... 5 
Int. 8. '7!... 4 
Julvl.'75  ..4 
Julyl,'74.3M 
lan.:3,  •76...6 
Nov.l,'75...3 
Jan.3.'76...5 
Ian.  S,'76...5 
J«u  3,'76.3H 
JulylS,'74.3>4 
Feb.  8, '75.  4 
AuB.9,  '75. .4 
July  I. '75.. .8 
July  1. '75..  .7 
Jan.  3,'76...6 
Julj  1,75...4 
Nov. 10,'?)..  4 
Jan.8'7J.8>(Jg 
Jan.  8.'76-.  4 
Jan.  3.'76...5 
i\OV.  1.'75..51 
Jan. I, '76... 4| 


197  >•: 


96*' 


140 

106K 

ios' 
iso" 


103 


Gas   and  City  R.R.  Stocks  and  Bonds, 

[yuotatlons  by  Charles  Otis,  Iiroksr,  47  Exchange  Place. 


Gas  Coupakies. 


Brooklyn  Gas  Light  Co 

Citizens' Gas  Co  (Bkl\n 

do  certlUcates 

Harlem 

Jersey  City  A  Hoboken 

Manhattan 

Metropolitan 

do         certlUcates 

do  b  niB 

Matual.H.  Y 

Nassau.  Brooklyn 

do  scrip .. 

New  York 

People's  (Brooklyn) 

do  do       bonds 

Westchester  County 

C-irtlflcateB 

Bonds  ..  

Williamsburg 

do  srrin 


Par  Amount.  Periods 


B^e'cker  ••it.^k  T-'fil/oni^'erry— stoc-ki  Uav 

1st  mortgage UoOii ! 

Broadwnt/ it  Secenlh  Ave— stock.]  lOo 

Int  mortgage lOOC 

Brooklyn  tttj/— stock ;o 

Istmortguge lOOOi 

BrocKlirny  l.Brookliin)—ttoKY 100 

Brooklyn  tfi //Knler'5 it— stock...    ;(Xt 

1st  mortgage  bonds Iioot 

'^tntral  n,  Jf.  tt  E.  ijiper— stockl 

■  St  mortgage 

lA       do        

CArfotopAer  *  7en (A  *«r««<— stock 
'J mey Inland  ck  Brook*n~iet  mort 
Dry  Dock,  E,  D.  itBattery—Btock 

istmortga(Ti.  cons'd. 
AioMh  4pcn.'     -stock. 

ist  mortgou 
48d  Si.  it  Oran^ 


2,000.000 
1,200,000 

300.01 '0 
1,850,000 

386,000 
4,000,000 
3,:  00,000 
1,000,000 

500,000 
5  000.000 
1,000.000 

500,000 
4,000,000 
1,000,000 

800,000 

466,000 

53,000 

21.IW 

1,000,000 

I  000.000 


A.  AO. 
F.&A. 
J.  A  J. 
J.  A  J. 
M.AS. 
M.  &  S 
J. A  J. 


M.AN. 
Q-F. 
M.AS. 
F.AA. 


5 

•ly. 

4 

1 

5 
S 
5 

'!^ 

7 
5 
3X 


J.  &  J. 
J.  A  J. 
J.  A  J. 


Last       Bid.  Aaka 

dlTiaend. 


Oct.,  •75 
Oct.,  '75 
Oct.,  IS, 
Aug.,  '75. 
Jnly.  "75. 
Julv,  '75. 
Sept  20,"5 


Oct.,  '75 

July, '75 


Nov.,   •7.1 
July,    '75 


4     July,  ^75, 
4 


5      July,    '75  

7    1 100 


170 
808 
158 


100 
105 


Km 

1W«1 
1000 

lOflO 
100 

ioo 

1000 

w 

1000 


100 
lOOO 
50 
lOOl 
10.0 
1000 
1000 

10« 
101  Kl 

10" 
lOOO 
10(1 
1100 


Not.,  ^75 
1873 


.,  u  /erry— stock. 

iBt  mortgage 

Central  Cross 'Jown-  stock 

Ist  mortgage 

It'nth  Avenue — stock 

istmortgage '.,'. 

Settind  AvenHe—BtocTi-    

Istmortirage 

■Jd  mortgage 

;-!d  mortgage 

Cms.  c:onvertlMc 

sixt.'i  Ar^enue-  stock 

litraorteage ],  '.'. 

tnirii  Arjenite—tloQ^ 

iHtmortgage 

iirmty-ihlrdStreel-tiacs 

letirmrlKiiBH 

•rnui  coiumi,  bhows  laat  dividend  un  stoeU,  Mso  date  of  maturity  oibonOi. 


90(1,000 

614.000 

2,lliO,UIO 

1,600,000 

2,000.000 

300,000 

800,000 

4Or,000 

3'iil,(P0O 

1,161,1X10 

550.0(0 

600,0011 

e.w.fliio 

807,0(10 
1,800,000 
900.000 
1,000,000 
203,000 
750,000 
820,000 

sdo.ax) 

M0,000 

797,000 

167,000 

t,(J99,5C0 

350,000 

800,000 

150,000 

S9'','0() 

750,00C 

250,000 

2.000,1100 

2  000,000 

600,000 

120.000 


J.  &  J. 
J.  A  J. 
J. AD. 
Q-F. 
J.  A  J. 
J.  A  J. 


J. A, 


F.AA. 
M.AN. 

j.'&j! 

Q-F. 
J. AD 
J.  A  .1. 
J.  A  J. 
M.AN. 
A.AO. 


J.  A  J. 

j.'ad'. 

F.AA. 
A.AO. 
M.AN. 
M.AN. 
J.  A  J. 
Q-F. 
J.  A  J. 
J  A  J. 
M.AN. 


1880 
July,?! 

\m 

NoT.."7B 

18T2 
Jnly.  75 
Oct.,  '76 

1888 


1882 
1890 


1877 
Nov., '75 


July,'75 


Ocb.,'75 

1877 

1876 

1885 

1888 
Nor..'75 

1890 
Nov.,  "A 

1R90 
Jnly.TB 


92X 

m 

155 

6S 
65 


101 
■■78  j« 


70 

ItO 
100 


100 
140 

iro 

911 


Insurance  Stock  List. 

(Qnoutlons  by  K.  8.  Baii.»t,  broker,  65  Wall  atreet.) 


CoHPAxixa. 


Adriatic 

jEtna 

American 

American  Exch'e.. 

Amity 

Arctic 

Atlantic 

Bowery 

Brewers'  A  M'lst^rs 

Broa'lway 

Brooklyn 

Citizens^ 

City 

Clinton 

Columbia 

Commerce  Fire. 
Commercial  .... 

Continental 

Eagle 

Empire  City 

Emporlnm , 

Exciiange 

Farragut 

Flremen^s  

Klremen^sFund. 
Flremen^s  Trust 

Gebbard 

German-American 

Germanla 

Globe 

Greenwich 

Guaranty 

Guardian 

Hamilton 

Hanover 

Hoffman 

Home 

Hope 

Howard 

Importers'A  Trad.. 

Irving 

Jefferson 

Kings  Co.  (B'klyn) 

Knickerbocker 

Lafayette  (B^klyn) 

Lamar..    '. 

Lenox 

LongIsland(Bkly.) 

Lorluard   

Manur  A  Builders'. 

Manhattan 

Mech.ATrad'rs' 

Mecbanlcs'CBklyn) 

Mercantile 

Merchants'  

Metropolitan 

Montank  (B'klyn). 
Nassau  (B'klyn).. 

National 

N.  Y.  Equitable.... 
New  York  Fire  ... 
N.  Y.  A  ionkers.. 

NIacrara 

North  Elver 

Paclllc 

i'ark  

Peter  Cooper.  .  ... 

People's 

Phenlx  (B'klvn)  .. 
Produce  Exchange 

Belief 

Republic 

Kidgewood 

Resolute 

Rutgers' 

Safeguard 

St.Nlcholas 

Standard 

Star 

Sterling 

Stnyvesant 

Tradesmen's 

United  States  

Wpstchester 

Williamsburg  City. 


Capitai. 


Par  Amount. 


25 
100 

50 
100 
100 

at 
so 

8S 

190 
25 
17 
80 
70 

:oo 
so 

100 
50 

100 
40 

too 

100 
80 
Ml 
17 
10 
10 

100 

100 
50 
50 
85 

100 

100 
15 
60 
50 

100 
25 
50 
60 

lOf 
SO 
80 
40 
50 

100 
26 
50 
26 

IIX) 

100 
35 
50 
50 
50 
SO 
50 
SO 
^. 

100 
100 
50 
25 
25 
IOO 
20 
50 
50 
111) 
50 
100 
100 
100 
85 
100 
85 
50 
100 
100 
25 
25 
85 
10 
50 


300.000 
800,000 
400.000 
800,000 

aoo.oou 

M('.000 
300,000 
800,000 
300.000 
200,000 
153/100 
800,000 
810,000 
250,000 
300,000 
800,000 
200,000 

1,000,000 
800,000 
800,000 
800.000 
800,000 
200.000 
204^10 
150,000 
150,000 
200,000 

1,000,000 
500,000 
200,000 
200,000 
200,000 
200,000 
150,000 
500,000 
200,000 

3,C0O,000 
150,000 
500,000 
200,000 
300,000 
200,010 
150,000 
280,000 
150,000 
200,000 
150,000 
200,000 
300.000 
200.000 
2.50,000 
200,000 
150,000 
«I0,000 
300,000 
300,000 
800,000 
200.000 
200,000 
210,000 
200,000 
200,000 
500.000 
350,000 
200.000 
JOO.IXX) 
150,000 
150,000 

1,000,000 

•2a),coo 

200,000 
300,000 
200,000 
200,000 
200,000 
2(X),000 
200,000 
300,000 
200,000 
200,000 
200,000 
150,000 
250,000 
250,000 
250,000 


NrrsuB 

PLCS, 

Jab.  1, 
1875.' 


ti,•.■.^ 

F.4,3S9 

344,663 

68,766 

5,09S 

16,486 

106,686 

390,375 

7,781 

260  AJ5 

240,411 

312.373 

309.894 

156,907 

49,737 

37,478 

123,6:9 

866,601 

474,0(9 

119,558 

26,2.16 

92,615 

94,133 

105,1)54 

81J06 

97,940 

19,937 

322,569 

398,751 

116,678 

325,224 


DIVIDKNDB. 


ITO  18H  1878  1874  Laat  Paid. 


43,007 
1'25,796 
t329,()97 

90,653 
t8S5,281 

•28,741 
143,162 

77,712 

'.4,861 
136.241 
174,6',2 

80,264 
121,817 

83,445 

79.863 
169,447 

67,23<i 
115.712 
187,759 
815,753 
l-«,4:9 

50,006 
151,863 

36,755 
121,476 
234,314 

96,618 
Stl.SSS 
196,0(11 

20,529 
426,524 
126,6(0 
350,139 
165,216 
211,544 
132,708 
536,282 

12,-,iOO 

43,051 
101,002 

58,877 

30,441 
191,749 

90.597 
t«4,403 
121,506 

78,«W) 

71,077 
165,369 
153,966 
246,825 
tl62.b60 
256.690 


iH 


July,  "IS.  .5 
July, -75..- 
July,'75.. 
July,  '75. . 
Jnly,  •75.. 
July,  •75.. 
Julj,^75... 
Dec.,'7.VI5 
July, '75.. 5 
Ang..'75.IO 
July.  "75.20 
Julv  "75..  10 
ADg.,'75.10 
.Inly,^75.'0 
July, '75.  .5 
July,  '75. .5 
July, '75.10 
.Iuly'75...5 
Oct.,  •75.15 
Jaly,-75  .7 
July,  •75..5 
July,  ^75  10 
July,'75.7)< 
July, '76.. 8 
July, '75.  .5 
July, '75.. 6 
Ang.,'75..6 
July,  •75.. 5 
July,  •75.  .5 
July.'75..10 
Oct.,  •75.10 


PBtoa 


Bid     Askd 


July. '75.  .5 
July,'75..10 
July,^75.  5 
Juy,'75..5 
July,^'i5..6 
July, '75. .5 
Jnly,^75...6 
July,^75..6 
July. •^S.  .5 
Sept.,"75..fl 
Jnly.  •75.1c 
July,  •75.10 
July,  "75.10 
July,  "^S.  .5 
July,^75..5 
July,  '75.  .f 
July, '15.  .5 
July, '75.  .5 
July, '75.  .7 
July,  '75.10 
Jnly, '75.  .5 
July, '75.. 5 
Jnly, '75.10 
July. '75. .5 
Jnlv, '75.10 
June, "75. 10 
July, '75.. 6 
Jnly, 'Tn. 10 
Aug..^75.10 
July.  ^75..^ 
July.  •71.  .5 
0<t.,"75..6 
.July,  '73.20 
July, '71.10 
July. '75.10 
Ju  T,  75.10 
July,  (5.  .5 
Inly. '75.. 5 
July, '75.  5 
Julv, '75.. 6 
July,  ^75.. 6 
Jnly,^75  .5 
Aog.,'75.I0 
July,'75.7ji 
Aug.,'75..5 
Ju'y.  75.5.6 
July,'76.7M 
Aug. ,'75...'. 
July,  •75.10 
July,  '75.10 
July,  •75.. 8 
Aug.,'75..5 
July.  •75.10 


75 

87S 
160 
109 

■75' 
107 
21.1 
90 
210 
280 
175 
170 
145 


I'AI 
S(0 


185 

90' 


105 


150 
380 

95 
101 
175 
118 

97 
110 

95 


170 
110 


200 
80 
185 


175 
90 
120 


130 
100 
95 
97 
111 
85 


120 

no 

UTi 


•  Overall  liabilities.  Including  re-'osurance,  capital  ann  prntlt  scrip 
t  Stock  dividends  of  25  per  cent  by  the  Hanover  and  Westchester,  20  per  cent 
by  the  Home,  and  33j(  per  cent  by  the  St.  Nicholas,  have  since  been  declared  ont 
of  above  net  surplus. 

City  Secnrltles. 
[Quotations  by  Davibl  A.  Moran,  Broker,  40  Wall   Street.] 


iNTXRKhT. 


Sett  York: 

Water  stock 1841-63 

do         1854-57, 

Croton  water  stock.. 1845-51, 

do  do        ..185'2-60, 

Croton  Aqued^ctstock.1865, 

do       pipes  and  mains 

do       reservoir  bonds 

Central  Park  bonds.  .1853-57, 
do         do  ..1853-65, 

Dock  bonds 18,52, 

do        1870, 

do         H75, 

Floating  debt  stock 1860, 

Market  stock 1865-68, 

Soldters'aid  fund 1863, 

Improvement  stock 1869 

do  no     1869, 

Consolidated  bonds var. 

Street  Imp.  stock' var, 

do  do        var. 

New  Consolidated 

Westchester  County 

Jersey  Vity: 

Water  loan 1858-ffr. 

do       long 

do        1869-71 

Sewerage  bonds 1866-69. 

Assessment  bonds...  1870-71. 
Improvement  bonds 
Bergen  bonds 


fl»oo*ttn-[Quotatlon»  by  N, 
Local  Improvement — 

City  bonds 

do 

Park  bonds 

Water  loan  bonds 

BrIdgebondB 

water  loan 

City  bonds 

Klnga  Co.  bondB 

do         do    

A113rooklyn  bonds  flat. 


Eiate..      Months  Payable. 


'8- 


Feb.,  May  Aug.A  Nov 
do  do 

do  do 

do  do 

do  do 

May  A  November. 

Feb., May  Aug.ANov 

do  do 

do  do 

do  do 

May  A  November. 


Feb . ,  May  .Aug.  A  Nov 
May  A  November, 
do  do 

do  do 

do  do 

do  do 

do  do 

do  do 


January  A  July, 

January  AJuiy. 

do  do 

Jan.,  May,  July  A  Nov. 


January  and  July. 

Bkbrs,  Jr.,  Broker,  8K 

January  A  July, 
do  do 

do  do 

do  do 

do  do 

GO  do 

do  do 

May  A  NOTember. 
4o  do 


Bondadne. 


1675-80 
1875-79 

1890 
1883-90 
1884-1911 
1884-1900 
1907-11 
1675-98 
1875-95 

1876 

1901 

1905 

1878 
1891-97 

1876 

1889 
1879-90 

1901 

1888 
1879-82 

1896 

Il»l 

1877 
1895 
1899-1902 
1876-79 
1876-91 
1905 
1876-1900 

Wall  St.] 

1875-80 
1881-95 
191.V24 

1903 

1915 
1902-1906 
1881-95 
1880-83 
1875-80 


Prick 


Bid 


96 
101 
96 

icax 

108), 

'.09 

102X 

96 
100 

97 
109 

loav* 
ion, 

109 

';oi 

102  H 

104X 

118 

103H 

K4)4 

113 

lot 

M 

IM 
104 
lOi 

108 
Mbi 

108 


97 
108 

(•7 
108 
108 
110 
103 

97 
103 

9r'X 
110 
103 
102 
liO 
102 

im 
loe 

113 
.03 

10s 

113 
107 

97 
105 
105 
105 
105 
103^ 


103 

106X 

IIOH 

:I3 

110 

ICS.Sl  104)4 

102       lOSS 

1(6      m% 

100    I  102 


104 

in 
iii\ 

113 
1I1H 


December  25,   1876.] 


THE  CHRONICLE/ 


611 


Jnt)C0tmtnts 


STATE,  cm  AND  COBPOBATION  FINANCES. 


The  "  iDTeston'  Sapplement"  li  pubUnhed  on  tbe  lut  Satnrday 
of  aaeh  month,  tjid  farnished  to  all  regalar  aabKcribera  of  thg 
CmOMIOLK.  No  single  oopiea  of  tbe  Sapplemen't  are  acid  at  the 
ofBce,  aa  only  a  saffleient  nomber  is  printfd  to  aapply  regular 
■  nbacribere. 

ANNUAIi    RBPORT8. 

Sonthem  Paelfle  BallriMui  (Californiai. 

(For  the  year  ending  June  30.  1875). 
The  directors'  report  dated  Oct.  1, 1875,  says : 
Since  tbe  laat  report,  tbe  company   baa  bean   reorganised  and 
consolidated  with  the  Loe  AngelesAc  San  Pedro  Railroad  Company, 
nndar  the  naaieof  the  "  Anthem  Pacific  Bailroad  Company,"  Dee. 
18.  1874. 

eanTAL  stoeoL 

Tbe  esfMal  Mock  of  tite  new  eonientioa  aatksriasA  to. t*0.aas,<IW 

Tbe  ■■— nt  of  «ap4tal  Hock  »«b»eflbed  to ,.. n.77tUM 

ThsaoMaBtof  cairiul  itock  paid  la  Ii -. »,4I«,M0 

PROORIM  OF  OOnTKUCTIOK. 

Since  the  last  report,  tbe  Western  Derelopmeot  Company,  which 
has  the  contract  for  bailding  ibt<  roa/1.  has  completed  64^'milr8  of 
load  (np  lo  Aagust  8,  1875\  and  which  is  now  being  operated  by 
the  Company.  In  the  meantime,  the  Westem  Derelopmest 
Ooapsny  has  b««n  pushing  the  work  of  grading  year  road  in  tbe 
Tabadiapt  Pass— tbroagh  the  "  Sierra  NeTsda"  Moonuins— with 
fTWt »— iny.  This  work  will  be  advaneed  so  as  to  permit  tbe 
•MBDMBeenient  of  track. laying  at  Calieate  aboat  March  1,  and 
eontlnne  on  nntil  the  eonnection  is  made  at  San  Fernando,  aboat 
Jaly  1st  next. 

I.EXOTH  or    ROAD  OCT.  1,  1875. 
The  following  Is  a  tabalsr  sammary  of  the  diMaaase  boilt,  aad 
lo  be  boilt,  on  Uie  seTcral  portions  oi  the  main  line  and  branche* 
la  CaUfomia : 

IfllCS  XilM 

Mala  Um.  (a»       In  pro-  Total 


For  the  fiscal  year  elosinfr  Jane  80, 1874 : 

The  gnxs  earnings  ware $)S!I,S21  09 

The  toul  operating  eipeOMS  were 146.929  U 

Daring  the  past  year,  the  track  on  the  Anaheim  Branch  has 
been  exu-ned  from  Downey  Sution  to  Anaheim,  a  disUnce  of  14 
miles,  aod  all  needed  depots,  side  track*,  and  other  facilities  for 
the  proper  managemeDi  of  businegti.  have  been  constructed.  This 
branch  has  an  active  competitor  in  the  Anaheim  Landing  ;  but  the 
businesa  of  the  road  is  steadily  increasing,  and  I  think  will,  in 
the  coarse  of  another  year,  command  so  great  a  part  of  the  busi- 
ness as  to  render  the  landing  un remunerative  to  its  stockholder^). 

The  work  of  grading  and  track-laying  on  the  second  sub  division 
of  the  IjOk  Angeles  Branrli  of  the  Southern  Pacific  is  being  pushed 
with  energy,  and  the  road  was  opened  for  tratlic  to  Colton,  (a 
station  3^  miles  distant  from  San  Bernardino)  on  the  26th  of  July. 

The  following  ik  a  statement  o!  the  length  of  the  several 
branches  ol  road  in  this  division,  June  30,  1875: 

From  San  Fernando  tn  Spadis .so     milos. 

VTom  Loe  Angelc*  to  Wilmingtoa n         •• 

VMai  riorenoe  to  Anaheim '.'.'..'.'.'.'.'.' MJi      " 

BALAJfOB  SHBBT  OF   OSNBBAL    LKSOEB,   JUSE  30.  1875. 
TOeoaatnieilonaeeeaBt tM.6&a.Tia  8* 

£»',  «•«•«• ....:::  •^Mu"  DO 

Eqalpmeot  accoant StaM  t>8 

water  Craft  and  eqalpmenU 61801  14 

Banding  accooni 340,174  06 

JIachloerv  and  lools  Inahops teolcit  44 

Road  tool* 5  447  19— 

Material  la  (bopa 71,704  M 

Material  lo  slnre tas  M 

Material  inroad  departmesi J.IOS  87— 

Fnel 

office  and  ttitlon  farnltareand  VelfTsniphlnstrriiiieiita.  jic' 

BaJaace  ul  accoonu  oatsuodlag,  Indading  $1U,COO.OOO  ad- 

vencrd  lo  "Contract  and  Finance  Company,"  and  dednrt- 

ln»pbll|fatlon».     .   .     lC.0T8,9n  «7 

Caah  Id  haoda  of  Treaaorw I4£c68  80 

t%,89l.n«  «0 

"'S*"'!^  •«<x*----- t»,41t,*00  00 

■"'■• ^t(j*ge  boada 14,846.000  00 


(6,070  (i3 


W,487  07 

«,»S3  81 

87,444  41 


Firet  I 
Frost  and 1 


183,0(19  60 


IM.       f  Baa  ytaaslsaa  M 
*"*••••<  Mela  «aiff»M» 


TalanDlv. 


Dl*. 


Qtfhm  Jaaailaa  lo  fhHMla  . 
OaHaaie  «0  aaa  Fw  aas^iL .  . 
Saa  riissaiu  le  WMlaMlMr 
While  tttvar  to  Pwt  Taaa. .. . 


■k  *••     «••*••••«• 


Ml 


U 

M 
M 


1 

I 

itsr 

utj 


47 

ft 


The  I 


*8t,8tl,«>9  60 

Naagrataflk. 

(For  ths  year  ending  Beptmlur  80, 1875.) 
aminga  for  the  year  ending  Sept.  30  were  as  follows : 


T7J 


Tetal  aala  flat  aad  bnadMs  eoaipMsd,  arilaa «i 


161 


7«1 


Tsial 


eoapletodaadlBpmii- 

bnacfc,  hi  cMtmpWtleiB,' aiJes'!!.' 

MBe.ak4  tiaaaiii.aaipltad.  lai 


,i.ni 


ixti 


BAJtRixes  Airo  orcKAToio  BxnBma. 

Th«  aaralara  aad  •pmatiaf  e»psasaa  for  the  yaar  « 
80,  1878,  w«M  aa  foUows : 


ading  Jan* 


PeaaenesfS  ..•...• 

Fntokf. 

MalTasd  ezprass .. 

MtaeclUneuai 


Total.. 
Worklac 
Taxes   .. 


U74-)8. 

.  tiaMus* 

.    «MM  tt 

1T,>74  08 

n.n>  01 

.  8Mi,m  09 
■  tmajtn  IS 

18,711  14 


Tola]  expenses fOT.OH  86 

I(*«*anlan |Mt Jt7  76 

Oroaa  earalnc*  per  Bile |S,1M 


Set  , 

Par  cant  ol 
Pweealof 


Ian  per  nil*  , 
if  expense*  . 


18»-74. 
tl»l,444  77 
«7&,9>l  17 
16,388  90 

&ni  (6 

Inc.  or  Dec. 
Dec.  t^no  94 
Inc.    10.S87  05 
Inc.     I.Offi  U 
Inc.     t.«n  36 

•4SI,7(7  Ot 

Inc.  $»,tttaO 

•SrM17  96 
19.883  74 

Dec  17.940  77 
Dec       47S6D 

t»:,4Bl  70 

0«ctl8,418  37 

$t»4,nt  It 

Inc  tS8,04«  87 

8,160 

5<S7 

/W48 

Inc.           $187 
Inc.             471 
Dec           4  67 
Dw:.           4.IB 

GQMMci^'fr^V 


t74i.*ia  II 

617.148  TO 
11.141  It 

*ijn%  m 

i«.48|  SI 
au,4l7  41 

ft.m  SI 

«,«U41 

i4.fn  u 


8,631 
Sl-H 

aiM 
<er  trains  ran  85,098,  froight  trains  130,491,  other  trains 
98,441  mlTos  daring  the  year.     There   was   a  slight   decrease   in 
paaaeorer  earnings,  with  a  ooasiderable  increase  in  freight. 
Tbe  Tneome  aoeonai  was  aa  follows  : 

Balasc*  from  pterloa*  year ajgi  igg  oj 

Nataaratni* ns.317  71 

„     Toul 8478,48178 

CoaiK>n  lalcr*>l  |m,(»4  II 

Claim*  ancoUoctlM* ^144  44 

Luu  on  Waterboiy  A  Walartown-stoch 10.000  00 

niYldond* 18MM  00-107.708  IW 


Total  aamlafi. 


■  81. 


•  ••«*«••  ••••    < 


JletsaraiagB 8l.60l.m  ■ 

HOBTHXBR  DtTISIOlf. 
Tka  iollowtng  is  a  report  of  the  bnsiaew  of  tbe  Northern  Divi. 
stoo,  (or  tbe  rear  ending  Jane  80.  1876.    Tbe  Average  number  of 
mil«is  of  road  ofwraiad  for  the  yaar  was  IflOD. 
Tbe  sMBiaaiaad  azpsaasa  ware,  for  two  ysai*.  in  gold  : 

1174.  in. 

8Mi.in-M     SMMWI6 
ao(.fM-«      «T,i«  to 

tlAt-a  MJM-M 


Balaoc*  lo  emrsol  year 8*^,716  16 

The  capital  stock  1*  |ljB89jM)0,  or  $88/»8  per  mile,  the  funded 
debt  being  only  $108,00U,  or  #1,807  par  mUe  of  road  owned. 

CtBHcetieat  WMtem  RallroMl. 

{For  Um  year  ending  Sept.  30, 1875  ) 
The  capital  aeoonnt  waa  aa  follows  at  the  close  of  the  fiscal 
year  ending  Sept.  80.  1875  : 

Slock  (8njlll  per  bU*) 11.891.844  64 

rim  aottigac*  bonds  (tl4,l]|p*>  sails) 3,000,000  00 

Laadparrbaae 91.000  00 

778.485 -il; -IWsasdaccoani*  payable 1U.184  94 

Tt)Ul(r:.I»1p*rmn*) 85,040,979  58 

There  i*  also  doe  the  State  of  Conneoticnt  aboot  |135,000  fir 
tazea,  of  which  no  mention  is  made  in  tbe  report.  Payment  of 
thoae  laxea  was  deferred  for  several  years  by  an  act  of  the  I.iegis- 
lalnre,  passed  in  behalf  ol  this  company  and  several  others  whose 
Unea  were  new  snd  as  yet  unprofitable. 

The  earnings  for  the  year  were  as  follows : 


flOtJtI.M     fn8t4n«    tlta.tt7a« 
Tba  syeratlf  •zpenaaa  lo   187S  wera  40'86  per  cent  of  the 
eaMtogs,  agaiaai  48  41  par  cant  in  1874. 

IXM   AXSKLBS    DmSIOM. 

Tbe  following  la  a  report  of  tbe  operation*  and  nonditlon  of  the 
aflUrs  of  this  Dirtsion  tor  the  fiscal  ya«r  ctosiof  Jane  80,  187S : 

2^«E«5»  •«■*!»  ■«!-r-. .8M4.I11  10 

The  Ral  spsrsttt  imssi  wi „ KMM  » 


:874-ra. 

rrelgfat .    $Ut.vn  19 

FasWBger 1*0,766  79 

Milk a,OHIi 

Mall  and  *zpr*** 1.504  87 


Rent* 


ToUI.     

Working  exp«n*ea. 


N*t  tamlnn 

Gn**  aarelags^ar  all*. 


4,450  50 

•  8IM,7tS  97 
.    901,441  19 

.  |1K,M6  98 

5.678  00 

8,710  60 

52-13 


I87S  74. 

|tlf.6R0  80 

t:i,733  64 

9,1^  85 

6,746  87 


IWO.Tm  16 
*U,1»  Ot 

$118  551  14 
5,150  00 

1,088  00 
60  50 


Inc  or  Dec. 
Inc.. $11,815  89 
0*c..  967  85 
D*c..  547  93 
Dec.  241  M 
Inc..     4,460  50 

Inc.. $35,008  t<l 
Dee..   10, 785  03 

Inc  $45,744  84 
Inc..  514  00 
Inc..  t)"»  00 
Dec.  8  87 


Nat  **rBliin  I 

Per  cant  of  cxp«a*«* 

The  gratifying  Increase  in  earnings  is  partly  from  tbe  steady 
increaae^n  the  local  business  of  the  line,  partly  from  the  opening 
of  tha  new  Rhinaheck  A  Cotutactloat  road,   and  tbe  favorably 


612 


THE   CHRONICLE 


[December  25,  lb75. 


arraDgements  made  for  exchaogo  of  freight  with  tbe  New  York 
Central  &  Hudson  River.     These  last  causes,  however,  operated 
only  during  the  few  last  months  of  the  year.    There  is  every 
prospect  of  a  steady  increase  of  business  and  earnings. 
The  net  resnlta  of  the  year  were  ae  follows  : 

Neteamings ;...r.::.':..;.....;.'.;...  $184,895  93 

Intniance  and  taz«s $1,786  IS 

Intereat  on  loans 5,»0  98 

Kente 4,87J  07 

Interest  on  bOD(l8 809,107  50—  !»l,i96  68 


Netdeflclency $37,000  70 

The  deficiency  for  the  preceding  year  was  $58,993  53,  showing 
a  gain  last  year  of  $21,991  83.  It  is  believed  that  the  net  earn 
iogs  will,  in  another  year,  meet  all  expenses,  and  thereafter  show 
a  balance  of  profit. 

Central  Branch  Union  Pacific. 

{Foi'  the  year  ending  Jane  80,  1875.) 

Stock  of  the  Central  Branch  Union  Pacific  Kailroad  Company 

to  the  amount  of  $1,000,000  was  subscribed,  of   which  $980,000 

have  been  paid.     The  receipts  for  transportation  of  passengers  for 

the  year  ending  the  30th  of  June,  1875,  were  $30,495  80  ;  and  for 

freight,    $77,024  08 ;   total,    $113,519  88.     The    actual    amount 

expended    for    said    year — "  running  expenses  and   repairs " — 

was  $123,188  43.     The  cost  of  the  road  and   fixtures  has   been 

13,763,700.    The  total  amount  of  the  indebtedness,  in  addition  to 

the  Government  loans  and  first  mortgage  of  $1,600,000  and  intereat 

unpaid,  is  $803,902  63,  which  indebtedness  is  made  up  of  the 

following  kii\ds  :  Money  borrowed  to  take  up  coupons  and  pay 

internal  revenue  claims  and  debts  and  liabilities  of  the  company. 

Richmond  Frederieksbni^  &  Potomac  Railroad. 

{For  the  year  ending  Sept.  80, 1875.) 

For  the  year  ending  September  80  the  earnings  were  as  follows; 


1814-75. 

From  transportation $370,546  ."sg 

Other  sources 11,75155 


Total $388,393  14 

Working  expenses 160,019  38 

*Net  earnings $808,«48  76 

Grose  earnings  per  mile $4,445  33 

Net  earniues  per  mile 2,351  73 

Per  cent  of  expenses 4T10 


1873-74. 
$401,882  83 
47,574  91 

$149,457  73 
269,798  73 

$179,669  00 

}5,3i6  25 

3,089  03 

60-03 


Inc.  or  Dec. 
Dec. $31,338  23 
Dec..   35,8S3  36 


Dec. $67,169  69 
Dec.    89,719  35 

Inc...$2J,58!)  76 
Dec.  $780  9 J 
Inc..  262  67 
Dec.         12-93 


expenses . . . , 

The  report  says : 

"  In  this  statement  the  amount  received  from  other  companies 
on  account  of  their  proportion  of  the  expenses  of  malm^iining  the 
through  trains  does  not  appear,  but  the  difference  between  the 
total  cost  of  maintaining  the  through  trains  and  what  has  been 
received  from  other  companies  as  their  proportion  of  this  expense 
has  been  included  in  the  cost  of  transportation.  This  change  in 
presenting  the  statement  of  receipts  and  expenses  of  the  company 
makes  an  apparent  falling  off  in  its  gross  receipts  for  the  year 
ending  September  80th  last,  as  compared  with  that  of  1lie  pre- 
vious year,  of  $66,959  59,  instead  of  $36,279  73,  the  real  falling 
off;  while  the  reduction  of  expenses  during  the  year,  as  com- 
pared with  those  of  the  previous  year,  has  been  $49,069  48,  thus 
making  the  net  revenue  of  the  company  %302,348  76,  or  $33,589  76 
more  than  that  of  the  previous  year.  Tiiis  net  revenue  has  been 
used  to  pay  interest,  dividends  on  the  guaranteed  stock,  and  other 
payments  chargeable  to  tlie  profit  and  losj  account,  and  to  meet 
large  and  extraordinary  expenditures  at  Boulton,  and  in  additions 
to  equipment." 

The  President's  report  says  of  the  company's  relations  to  the 
Pennsylvania  Railroad  Company : 

"  The  course  of  the  Pennsylvania  Railroad  Company,  while  it 
causes  some  loss  to  this  company,  is  recoiling  in  various  ways  on 
that  company.  The  board  of  directors  think  they  may  safely 
assert  that  the  pecuniary  loss  of  the  Pennsylvania  Railroad  Co., 
in  the  vain  attempt  now  being  made  by  them  to  force  the  Rich- 
mond Fredericksburg  &  Potomac  Railroad  Company  to  give  op 
their  steamboat  connection,  ia  considerably  greater  than  that 
sustained  by  this  company,  and  with  it  they  are,  in  the  opinion 
of  this  board,  incurring  a  much  greater  loss  in  tliat  of  reputation, 
and  in  the  lesson  they  are  giving  both  to  States  and  other 
companies  to  avoid  as  far  as  possible,  transactions  with  them." 

GENERAL  INVESTMENT    NEWS. 


Alabama. — The  Alabama  bondho'ders  met  on  the  17tli,  and 
the  following  suggestions  for  the  liquidation  of  the  State  debt 
were  oflered  :  That  new  bonds  should  be  issued  to  the  bondhold- 
ers for  the  face  of  existing  bonds,  jjayable  in  thirty  years,  with 
interest  from  January  1,  1877,  at  3  per  cent  for  three  years,  and 
after  that  period  5  per  cent  for  the  remaining  twenty-seven  years. 
In  respect  to  interest  due  on  or  before  January  1.  1877,  that  the 
State  should  issue  bonds  for  this  indebtedness  payable  in  thirty 
years,  with  intereat  at  the  rate  of  4  per  cent,  to  commence  five 
years  from  the  date  thereof.  The  report  of  the  committee  was 
adopted,  and  Messrs.  Hayes,  Baylis  and  Nichols  were  appointed 
an  executive  committee  to  represent  the  bondholdars  before  the 
Alabama  Legislature. 

Atlanta  &  Richmond  Air  Line. — J. -H.  Fisher  was  appointed 
Reeeiver,  m  place  of  Buford,  by  consent,  on  the  23d  instant,  liy 
the  U.  S.  Court  at  Alexandria. 


has  been  a  steady  increase  in  the  local  business  of  the  road.  The 
small  amount  of  through  business  which  has  been  done  is 
attributable : 

Ist.  To  the  want  of  connection  by  rail  from  its  western  terminus 
with  the  great  centres  of  trade  in  the  West,  Southwest  and 
Northwest. 

3d.  To  the  low  rates  for  freight  which  have  prevailed  during 
the  greater  part  of  the  year  on  competing  lines. 

3d.  To  the  financial  embarrassments  of  the  company,  which  are 
we'l  known  and  which  have  induced  many  large  shippers  of 
freight  to  seek  other  routes  of  transportation,  who  would  other- 
wise have  entrusted  this  company  with  the  transportation  of  their 
property. 

The  report  of  Qen.  W.  C.  Wickham,  vice-president,  shows  that 
for  the  year  ending  Sept.  30,  1875,  the  earnings  of  the  road  were 
$1,459,189  48,  and  the  expenses  $1,112,330  70,  leaving  a  net 
IJaiance  of  $346,868  78.  Tlie  tonnage  transported  by  the  road 
duiing  the  year  was  359,o68-76,  of  which  118,69M.i  went  west- 
ward, and  340,877'61  came  eastward.  Tlie  total  liabilities  of  the 
company  are  stated  as  of  September  30,  1875,  at  $30,939,167  22, 
of  which  $31,744,000  is  the  mortgage  debt,  $9,129,107  23  the 
floating  debt,  and  $66,000  in  coupon  debenture  bonds. 

On  motion,  the  report  was  approved,  and  the  foUowing  gentle- 
men elected  directors  of  the  company  :  C.  P.  Huntisgton,  A.  A. 
Low,  Lloyd  Aspinwall,  David  Stewart,  A.  S.  Hatch,  and  Wm. 
Whitjon,  Jr.,  of  New  York ;  Pliny  Fisk  of  New  Jersey,  H.  E. 
Parrow  of  West  Virginia,  John  Echols,  and  W.  C.  Wickham  of 
Virginia. 

— In  the  United  States  Circuit  Court  at  Alexandria,  December 
33,  before  Justices  Waite  and  Bond,  the  Chesapeake  &  Ohio  Rail- 
road case  was  further  argued.  The  Court  took  the  papers, 
reserving  deci«>ion  until  the  3d  of  January. 

Chicago  Clinton  &  Dubuque.— The  Chicago,  Clinton  &  Du- 
buque Railroad  Company  has  brought  suit  against  tlie  Chicago 
Burlington  &  Quincy  Railroad,  to  recover  $2,500,000  damages  by 
reason  of  the  neglect  on  the  part  of  the  latter  to  comply  with  the 
terms  of  an  alleged  contract  between  the  two  roads,  to  guarantee 
bonds  to  the  amount  of  $1,500,000,  to  connect  with  the  ruad  at 
Clinton  and  give  40  per  cent  of  the  gross  receipts  from  freight 
bound  north  of  Clinton. 

Chicago  &  Illinois  River. — The  Inter-Ocean  gives  the  fol- 
lowing items  of  information  about  the  bonds  of  tUis  company  : 
"  The  total  sura  of  $1,000,000  of  bonds  was  issued  by  the  Illinois 
River  Railroad  Company  with  which  to  build  and  equip  Us  thirty 
miles  of  road  from  Streator  to  Jollet.  It  is  alleged  that  the  Chi- 
cago &  Alton  Railroad  Company  agreed  to  guarantee  these  bords, 
but  did  not  comply  with  its  agreemen:,  and  only  guaranteed  the 
interest  on  $700,000  of  tbe  bonds,  which  had  been  placed  in  the 
hands  of  the  New  York  financial  agents  of  the  company,  and 
upon  which  the  said  financial  auenta  had  advanced  some  $400,000 
to  help  build  the  road.  *  *  *  Of  the  $300,000  of  Illinois  River 
Railroad  bonds  not  in  New  York,  we  understand  $310,000  are  in 
the  possession  of  tlie  Ciiicago  &  Alton  Company  and  $90,000  in 
other  hands  in  this  city." 

Chicago  Miitrauliee  &  St.  Paul.— The  claim  of  the  United 
States  against  the  Chicago  Milwaukee  &  St.  Paul  Railroad  Co., 
for  some  $800,000  of  delinquent  internal  revenue  taxes,  alleged 
to  have  been  due  on  scrip  and  stock  dividends,  &c.,  for  several 
years  while  the  income  tax  was  in  force,  has  been  settled  by  the 
payment  of  $86,000. 

•  Davenport  &  St.  Paul. — The  difficulties  in  the  way  of  the 
sale  of  this  road  will  probably  soon  be  removed,  as  the  questions 
have  been  carried  to  the  United  States  Circuit  Court  at  New  York 
City,  and  as  the  Court  decides  there  will  be  acquiescence,  the 
agreement  being  very  amicable  between  the  partie.?  in  interest. 
It  appears  that  after  the  sale  of  some  $.3,000,000  of  Davenport  & 
St.  Paul  bonds  to  parties  in  Germany,  with  the  understanding 
that  no  more  bonds  were  to  be  Issued  without  the  consent  of  tlie 
holders  over  the  water,  about  $506,000  in  bonds  wore  taken  from 
the  office  of  the  trustees  in  New  York  City,  duly  sitjned  and  reg- 
ular, and  given  to  certain  capitalists  as  security  for  a  loan  of 
$224,000.  "The  construction  company  that  controlled  the  issue  of 
these  bonds  collapsed  in  the  general  panic  threa  years  since,  leav- 
ing these  bonds  in  the  hands  of  the  American  parties.  Now  the 
German  bondholders  claim  that  the  holders  of  these  $.500,000  of 
bonds  are  not  entitled  to  the  face  of  the  bonds,  but  can  claim  only 
the  amount  loaned  on  them  as  security;  and  this  is  the  question 
that  has  delayed  the  advertising  of  the  road  for  sale. 

Ea!<teili  Railroad  (Mass.). — A  meeting  of  the  bondholders  and 
creditors  was  held  December  17.  The  President  and  Directors 
were  present,  and  Lemuel  Shaw,  Esq.,  presided.  Mr.  Morrison 
presented  a  plan  for  the  re-organization  of  the  road,  which  pro- 
vides for  mortgaging  of  the  road  for  $14,000,000  and  the  issuing 
of  bonds  to  that  amount,  05  per  cent  of  which  shall  be  guaran- 
teed, or  in  the  shape  of  a  preferred  stock,  and  35  per  cent  of 
which  will  come  in  as  secondary  stock,  and  which  may  never  pos- 
sibly be  paid.  The  plan  also  provides  for  tbe  appointment  of 
trustees  to  manage  the  road,  and  giving  creditors  a  vote  in  their 
election  for  every  $100  of  their  indebtedness.  A  receivership 
was  voted  down,  and  a  committee  of  three  on  the  part  of  the 
bondholders  was  subsequently  appointed  to  meet  and  confer  with 
the  directors  in  reference  to  the  plan  submitted.  The  committee 
consists  of  Lemuel  Shaw,  Charles  J.  Morrill  and  Dwight  Foster. 


CllOSapeake  &  Ohio.— At  the  annual  meeting  of  the  stock- 
holders of  the  Chesapeake  &  Ohio  Railroad  the  report  of  President 
Huntington  was  read,  making  the  following  reference  to  the 
embarrassments  of  the  property  ; 

The  transportation  accounts  show   that,  notwithstanding  tiie 


Erie  Railway. — A  London  ca^le  dispatch  of  the  17th  iust  , 
says  :  The  Hurst  and  Watkin  Committee  of  the  Erie  bondholders 
in  England  propose  the  following  scheme,  to  be  carried  out 
under  foreclosure  by  a  committee  of  which  Gov.  Tilden  is  to  be 
invited  to  take  the  chairmanship  : 

The  plan  proposed  is  to  give  the  bondholders  the  voting  power 


continued  depreBsion  of  the  general  business  of  the  country,  there  '  until  the  position  of  the  undertaking  is  retrieved,  and  the  reduc- 


December  25.  1876.] 


THE   CHRONICLE 


(U3 


tlon  of  tUe   fixed   habililiea   to  a  lerel  with  the  net  revenue  by 
redoclDr  oneroiu  rent  charges,  and  also  by  reducing  the  en|«ge 
menu  o»  interest  on  the  Erie  first  and  second  mortttage  bonds,  as 
follows;  Holder*  of  the  first  mortgage  bonds  and  of  the  sterling 


Le^ansport  CrawfonlsTllle  ft  SonthTrestern.— At  ludianap*. 
lis.  Dec.  14,  in  the  matter  oT  tlie  application  of  Cbas.  W.  Hastier, 
of  Sew  York,  and  otlier  first  mortgage  bondholders  of  the  Logans- 
port  Crawfordaville  &  Southwestern  Railway,  Judge  Drummond, 


six  per  c«nt  bonds  sball  receive  mortgage  bonds  of  the  same  class  i  of  the  United  States  District  Court,  referred  the  case  to  a  Master 
for  Intf rest,  at  the  present  rates,  to  March  1,1878;  thereafter,  until    ijx  Chancery  to  take  further  evidence  for  presentation  to  the 
1880,  the  interest  sball  be  payable  in  gold  at  8  per  cent,  and  alter  ,  Court, 
that  time  at   7   per  cent :  but  the  company  shall  be  entitled  to  | 
redeem,  prior  to  18*0.  at  105  ;  for  Erie  second  mortgage,  including 


the  convertible  gold  bonds,  two  classes  of  gold  sterliag  mortgage  i 
Imnds,  running  ninety  years,  are  to  be  irab«titnte«l ;  the  first   for 
60  per  cent  ot  the  principal,  carrying  interest  at  6  per  cent,  and  > 

Syable  io  bonds  of  the  same  class  from  the  date*  of  dtfanlt  until 
irch,  1877,  and  thereaft>-r  in  gold  ;  the  second  for  40  per  cent  | 
of  the  principal  carrying  4  per  cent  Interest  and  payable  only  oat 
ol  net  earninira  nntil  1881,  and   thereafter  S  per  cent.    TUe  divi-  ' 
dend  on  the  preferred  stock  is  to  be  reduced  to  6  per  cent.  Assess-  i 
mtnta  are  to  be  levied  at  the  rate  of  three  dollars  on  the  hundred  , 
on  the  prtferred  stock,  and  six  dollars  on  the  hundred   on   the 
ordinary  stock,  shareholders  r<  ceiviog  for  the  aaooanta  thus  paid 
third  mortgage  bonds  to  b>ar  5  per  cent  interest,  payable  only 
from  net  earning*,  and  also  shtree  in  the  re-sonstmeted  company.  ' 
A  Dieeting   of  the   bondholders  is  called  for  January  4,  1870,  to  • 
(OMld«r  tae  foregoing  proposition*.  i 

Earopcaa  *  Ncrtk  AB«rieaB«— The  TroManr  of   this  Co.  | 
states  that  the  interest  doe  oo  the  Bsagor  City  loss  of  9l,OCK>,000 
will  b«  paid  oo  and  after  January  1.  | 

Frederfek  *  PeaMTlraila.— A  coupon  ior  the  six  months' 


Lonisiana  SUte  Bonds.— The  following  communication  from 
the  Auditor  was  lately  sent  to  the  Governor : 

Statb  ok  Louisiana,  Auditou's  Ofkick,  > 
New  Origans,  December  8,  1875.     ( 
JSt  BxeelUn^  Ootmor  WUliam  P.  Keliogg  : 

Sib:  With  reference  to  the  statement  relative  to  the  series  of 
l>onds  issned  under  act  No.  5,  of  1668,  i  reppectfully  submit :  The 
bonds  referred  to  are  those  issued  ostensibly  under  act  5,  of  1S06, 
to  the  amount  of  $330,000.  Said  act  No.  5,  liy  its  provisions,  con- 
templated the  issue  of  these  bonds  for  the  parpose  of  redeeming 
"State  notes,"  but,  underauthorityofa  later  act  of  the  Legislature, 
they  were  pledged  to  the  Citizens'  Bank  as  collateral  for  a  loin 
for  the  purpose  of  paying  the  matured  interest  on  the  bonded 
State  debt.  The  State  not  being  able  to  redeem  these  collaterals, 
the  l>onda  were  sold,  and  sulMequently  came  into  possession,  by 
parefaase,  of  the  Mechitnlcal  and  Agricultural  College,  and  were 
held  by  that  institution  as  one  of  its  asseta,  until  converted  into 
new  conaols  onder  the  Funding  act.  The  bontis  issued  under 
said  act  No.  5,  of  1866,  stand  in  no  relation  tb  the  certificates  of 
indebtedness  which  were  issned  under  section  187,  Revised 
Statntes  of  1870,  since  repealed  by  section   5  of  act  2'3.  of  1873, 


Utms«  doe  OB  a  |1,006  bond  of  thIscompaoT.  was  recently  pro-    .ppro^e^j  March's,  1373.    On  the  date  of  my  induction  int..  otUce! 

Usted  in  Baltimore,  becanse  the   holder  refused  to  sign  an  agree-     ■        -  -    -   ■  - 

msat  that  he  had  sold  it  to  the  Penaryl  vania  Railroad,  which  was 
reqaired  before  the  coopon  would  be  taken  up.  The  Penosyi- 
vanis  Railroad  Company,  under  the  terms  of  tlirir  lease  of  tbe 
Frederick  and  Penosvlvania  I..ine  Bailroad,  agresd  to  purchase,  at 
pax,  tbe  cuupons  as  they  mature,  and  in  this  ease  they  stood  ready 
to  purcluse  the  coupon  if  the  agreement  at  the  baak  was  signed, 

nH—fc  aMIud.— Osorge  Dole,  who  was  appotetcd  lUeeiTer 
o<  tbs  IlllMis  Mtdiaod  Bailway.  oo  Septeaber  Jlth,  Alad  his  first 
ropert  Deeainber  18ib.    Immediately  after  hi*  appololaeot,  he  ^ 
took  poasssskNi  of  ail  the  property  of  the  oompaoy,  incladiaii  the  i  ^' 


(say  January  1,  1%)78),  theoatatanding  amount  of  these  certificates 
of  indebtedness  was  $154,108  84,  and  up  to  date  the  sum  of 
$•9,765  17  has  been  retired,  vis.: 

Byfoadiac $M1  TS 

BrstkstpioceM tt,ltS4a 


TstsI ♦M.TSS  17 

Very  respectfaliy, 
'  Charles  Clinton,  Auditor. 

XoMlf  A  Ohio. — Tbe  trnstees  and   receivers  of  this   road — 
_  rs.  \V.  Butler  Duncan   and   A.  Foster   Elliot — have   made  a 

Broportf  formof ly  ovaed '  br  the  Paris  A  Dooatar,  Paris  *  Terre  {  complete  exposition  of   the  earnings,  expenses  and  financial  ope 
aalsaad  Peoria  Atlanta  i  Deeatar  loada.    8a  far  as 


he  has 
bosaaMsloaaeertala,  beflods  tho  fbiaUafr  iaJihUilasss  of  the 
ssMtaai,  tocladiag  tho  dobts  ol  tko  thssa  foads,  ahwa  aaoMd 
(whkh  are  part  ol  tho  Midland  R*ilw*v  >  m  l>a  -MMuStS  «3,  itMn- 
iaad  as  (oilows : 

...$ia7.»n  It 
...  «.iii»« 

...      *,K»QO 
...      S.MB  ir 


R««*l«aaoik*rsaUfoads 

Cra^t  sb4  IkkM  Msaon  4s«  otksriaUieadi 

t;B»Mp^.««ll  yrtor  I .  Utr. 


!''aiai4  par  estt  *>■«•  Marcn 
rapaM  sapplNe  Sate  WaitH  11 


OspsU  sajytrt  yclor  to  M>r 
PoyaKssasuasBiiS 


W»S6Tt 
KIM  tl 


Tho  abow  does  aol  loelode  what  appsaiw  to  ho  daa  br  tho  eetn 
paalos  i«  R  «J.  Kerrey— that  aoeeoat  aot  bolag  adjaaiad-aa«  It  I   .  •'^17  ,V'',!5"""  ?^  '^?' 
Uprefaabl.tt..t.  eon.dd«,.ble  porttoo  of  the  iMtobtadass.  lor  I  L*'^'""''!,"^  ..?,?•"."«  'V 
aaastfwUaa  sboold  boolhet  agaisst  that  balaneo.    Ths  Reeei*er    f"!!"'-  "'•  T.t      .        " 


.  agaisst 
foaad  tho  tmek  very  mneb  nia  dowa,  sad  la  soeb  a  ooadiiloB  as 
to  roqalio  a  Unre  oxpoadltar*  of  Bioa»y  to  taako-  It  safe  for 
■blpaaeat  or  traTvl. 

Jmwj  '  ■1   Soptamber.   1874.  an  order  was 

nado  b;  Rockland  County.  N.  T.,  appointing 

eoasailsainorr*  lo  i>  na  lue  viiisce  of  Havarstraw  for  tbe  snm  of 
$80jOin,  la  aid  ot  this  ratlioad.  ^oato  of  the  diissaaoraosiDg  the 
bnaitlut  nl  ih«  vi'Uge  sued  ont  a  writ  of  eerti"'-''  -"■(  removed 
tha  pfac>  -  review  Into  thx  i^upremc  it  fouri 

atOeaara  ilrooktyn,oo  the  17th  Inst.,  judgment 

declaring  til*  pr>..r.!<iings  before  tiie  County  Juii^  tu  bo  void. 
Tbe  eooa"|aroca  of  this  deciaioa  is  »ald  to  be  to  annul  the  ap. 
poinlmeDl  of  tbe  boadiag  aommiasinaer!!,  and  it  is  claimed  also 
that  it  Intalidataa  the  boad*  thsy  may  have  •xeented. 

»  KaasM  FiCife.— Aboot  nine  reoolba  since,  Maasr*.  Balls  ir  & 
Taaka.  who  tapmseatwd  the  Stntigart  bondholder*' committee  io 
this  eoaatry,  b^an  suit  iii  iHe  failed  Btataa  t'oart  at  St.  i«uis 
to  rsaover  tbe  aniooat  of  crtain  over-due  coupons,  tke  amount 
being sta".!  »t  th.-  um*  ss  about  $4i),000.  It  la  reported  that  the 
<^'oart  ga  :.t  in  fsror  of  Ballser  A  Taaks,  December  4,  for 

ibeaiiioii..  It   is  not   known  what  aleps  will  be  taken 

to  enfotc«  tt.e  ja>.'j;meQt. 

Lafcyettfi    Xaaeie   A    niiMinilnirloii.— The    Direrinm  of   the 
Lifayvttx    Maacie  A  H 


rations  of  this  company  aines  May,  18<5,  which  will  be  found  on 
a  previonspage  of  The  Chroxiclk,  and  merits  the  attention  of 
all  paitlaa  interested  in  the  road. 

New  Orlwuis  City  Bonds.— A  press  dispatch  from  New 
Orisaas.  DaeemberM,  says:  "Jadge  Woods,  to-day.  decided  the 
oaaa  of  BosaJie  Maealukai  and  otbera  e«.  tbe  (^ty  of  New  Orleans 
and  Sthars,  la  favor  of  tlie  coniplaioants,  granting  a  preliminary 
injanmlhta  restraining  tiie  city  authorities  from  paying  out  the 
fnada  eoUaeted  for  Um  payment  of  the  interest  on  the  consolidated 
for  other  purposes.  The  ontstanding  consolidated  l>on<ls 
amonat  to  $4,142,000,  and  enough  money  is  on  baad,  if  not 
I  diverted,  to  pay  the  interest. 

Xeir  Orlrann  8t.  Lonii*  A  Chienfo.— Notice  la  given  of  a 
No.  30  NasMa  street.  New  York,  on 
January,  1879,  at  13  o'clock  M  ,  to  act 
upon  a  propoeition  to  issue  prefetred  stock  of  said  company,  to 
h.  ii,o«<  in  settling  Its  floating  Indebtedness  and  retiring  the  seven 
iieome  and  ef|ulpment  mortgage  tmndsof  the  Mississippi 
litilroad  Company,  and  upon  a  proposition  to  issne  the 
l>ondsof  tbe  New  Orleans  St.  I<ouls  A  Chicago  Railroad  Company, 
not  exceeding  f  .1,000 ,000  in  amount,  to  be  lecnred  by  mortgage, 
sad  to  Im  used  to  provide  the  means  to  Improve  and  better  equip 
said  eompaay's  mad,  and  to  settle  any  indebtedneis  of  said  com- 
pany or  of  either  of  the  companies  o*  which  it  was  formed  by 
oonaolidatloo  ;  and  to  take  any  other  action  that  may  be  deemed 
necessary  In  reference  to  any  such  indebtedness. 

Pwtlnad  A  OKdtWhnry.— A  despatch  to  the  Boston  Adeer- 
tUer,  Dacowber  23,  says :  Tbe  first  through  train  over  the 
Portland  A  OgdeaslHirg  lUilroad,  l>etween  Johnson,  Vermont,  and 
Portland,  left  the  fbnnor  place  this  motoing  at  a  quarter  after 
'^k,  connecting  at  St.  Johntbary  at  9:°iO,  and  Lunenburg, 
nueciicut  Rivi-r,  at  10:40  .^.  Sf.  Between  the  latter  point 
an'i  the  i-aliyaa  Hoaae,  in  Carroll.  N.  H..  the  trains  run  oo  the 
track  of  tho  Boston  Conoord  A  .Montreal  liailroad.  under  a  contract 
recently  cutarcd  into  by  tbe  two  corporations.  The  junction  with 
tbslttBIaa^A  Ogdeasburg  road  la  again  made  in  Daltoo,  and  a 
atralght  line  is  tbea  taken  to  tbe  Coonsolicat  River,  110  miles 
from  Portland,  where  oonnection  is  made  with  the  extension, 
raonlnf  east  from  Johnson.  Vi. 

An  eagiaeerlBg  party  under  Chief  EUigioeer  Chas.  C.  Lund  and 


iDtrrmtal,  liave  Ijeen  *<r. 

the  Delaaai*  (.'oiioir  i  [oilj  Cixcoil  Court  Itas  .  •  laporary 

realrslaiog  order  enjoining  tbe  Bnard  frr^in    '!  to  D.  I'. 

Eels,  of  Ciovoiaad,  aav  pMtioa  of  the  $l,tSO().tAri  auict.  voted  him 
i)t  tLm  tonnUnsUun  ol  tho  road,  until  such  time  as  the  Court 
ahall  uaka  fartbor  ntd.ira.  and  have  heard  and  determined  a 
motion  for  lajancti  iitment  of  a  Keeelver  for  the 

r'>ad.    Ths  lilal  is  i-  >>■  of  Kebrnary. 

Llifio  Bark  Piae  BlnlT  A  >fm  Orl«nnB-Mli<Bi«lnni 
OnarhUa  A  1U4  River. -Ti.'x-r  r.tsd*  wer> »ol  I  at  l.;:\],-  Juki, 
VrkatM'S.  Deosmlirr  PI.  tv  ■  «  ■-  lul  commlSel"<  re« 

'I   llie  Ij'allad  Suta  C.Mir       'I  ue  (nmer  bi"  -n-i 

II  «i  la;t.-T  $a5,00n.  'ihe  rotde  were  puiofaio' 
i»li<t«.  wIm>  bava  ciisrgt)  ol  the  LitUe  Hock  •' 
('•ad,  *bich^is_JOi'  bvisg  posh' d  to sonipleiioa.      i  im  i,iii:i> 


I  *m  il    *  '  ihree  asristantt  is  now  making  a  survey  and  locating  an  extension 
nem  tiia.    f,ithM  braadi  ol  ths  Boston  Uoocoid   A  Montreal,. from   Fabyan'a 


I'ine    Bluff  A  New  Orleans  i*  now  complalad  hsiweea  Ptas  B  nlT^  I  Fairbsnke.   i'f>«id<?at  of  tiie   Vermont  division 
•  nd  the  Miaaiarippl  River,  a  distaaee  of  eighty  mUes  '  general   agtut ;    the  Uon.   Calvin  Morrill,   the 


Fabya 

to  the  base  of  Mount  Washington,  about  six  miles  distant,  to  con- 
nect with  tlw  Mount  Washington  Kaiiway  to  the  summit.  The 
nrxt  railway  prujpct  in  that  locality  will  perhaps  be  to  extent  a 
branch  from  Fabyao's,  south  to  the  Franconia  mountain  range,  to 
facilitate  a  view  of  the  night*  there— the  Florae,  old  man  of  the 
moontain,  Erho  Lake,  Mount  L«layette,  Ac. 

The  work  to  <iwan(uo  is  nearly  complete,  and  the  Quebec  legis- 
lature ha!>  pa«wd  aa>ltes  of  resolutions  advising  the  granting  of 
aid  f  I  lliii  taanlisilliiniif  tbe MuatmalOtUwaA  Western  Railway, 
the  Western  runnection  ol  the  Ogdenaburg  from  Montreal,  and 
a1.»>  1(1  aid  tbe  ooBstruction  of  the  Montreal  Chsmbly  A  Korel  road, 
M  the  Ogdeoeburg  from  Snantoo. 
'.\%dn  were  ((atbered  at  the  stalionp  along  the  route,  to 
k-ieet  lue    train   ■!<   It   passed.     Oo  board   were   the  Hon.  H'traci 

VV.  H.  Bryan'. 
Hon.  J.  D.  Bsll 


611 


THE   CHRONICLR 


[December  25,  1876. 


CftllfornU  ;  A.  B.  Jewett,  Meisre.  OHf  Abel,  D.  D.  Head,  John  H. 
George,  S.  S.  Gould,  directorp,  and  otherB  connected  with  the 
conBtruction  and  managenvent  ot  the  road.  The  opening  of  this 
connecting  link  of  the  Portland  and  Oi^densburg  Road,  thus 
iorming  a  trunk  line  between  Portland  and  the  West,  is 
regarded  as  an  important  auxiliary  to  the  business  interestn  of 
this  region.  Two  trains  will  be  run  between  Portland  and  St. 
Jobnsburj  daily. 

Qnincy  Alton  &  St.  Lonis.— W.  S.  Woods,  president  of  this 
road,  f>ays  tlie  sale  to  Chicap-o  Burlington  A  Quincy  is  not 
consummated,  but  has  been  agreed  upon,  and  will,  undoubtedly, 
be  made  before  the  let  of  January. 

Richmond  &  Uanrillo  Railroad.— The  annual  meeting  of 
this  company  was  held  in  Richmond,ya. ,  on  the  8th  instant.  The 
annual  report  which  was  presented  shows  the  gross  earnings  for 
the  year  ending  September  30,  1875,  to  have  been  $923,057  85, 
the  expenses  $599,610  23,  and  the  net  receipts  $323,547  63.  The 
report  suggests  that  legislative  authority  to  construct  and  operate 
another  and  imlepondent  line  between  Uichmond  and  Washington 
would  correct  what  is  alleged  to  be  an  evil,  because  of  a  want  of 
cooperation  on  the  part  of  the  Richmond  Fredericksburg  & 
Potomac  liailroad  Company  in  its  refusal  to  allow  the  transit  of 
through  cars  on  certain  schedules,  A  resolution  was  adopted 
that  the  president  and  directors  of  the  company  be  requested  to 
petition  the  General  Assembly  of  the  State  of  Virginia,  now  in 
session,  to  grant  a  charter  for  building  a  railroad  from  Richmond 
to  Quantico  or  Washington,  D.  C.  A  resolution  was  also  adopted 
providing  for  the  appointment  of  a  committee  to  examine  Into 
the  affairs  of  the  company.  A.  S.  Buford  was  re-elected  president  ; 
A.  G.  Stokes,  W.  T.  Sutherlin,  W.  L.Owen,  Isaac  Davenport,  Jr., 
J.  N.  DuBarrr,  Strickland  Kansas,  A.  J.  Cassatt  and  John  Bards- 
ley,  directors. 

St.  Louis  Iron  Monutain  &  Sontliern.— This  road  is  doing 
a  large  business;  its  earnings  for  November  were  $434,011  85, 
against,  $337,741  for  November,  1874,  an  increase  of  $96,370,  or 
23  per  cent.  The  increase  is  principally  in  raerciiandise,  though 
that  in  passengers  is  10  per  cent.,  and  the  iron  and  ore  business 
is  about  double  what  it  was  a  year  ago.  A  considerable  increase 
»  is  shown  in  other  mineral  productions,  and  a  business  is  growing 
up  in  the  semi-anthracite  coals  of  Arkansas.  The  amount  of  cot- 
ton moved  is  very  large.  The  following  figures  exhibit  the  cotton 
brought  into  St.  Louis  by  this  road  for  three  months : 


September . 
October.... 
November.. 


St.  Louis  local. 
Bales. 

8J4 

8,097 

I0,9.W 


S5,681 


Tota'.. 
Bales. 
1,200 
17,143 
.38,StJ4 

56,5B7 


Sontll  Carolina  State  Bonds.— The  South  Carolina  Supply 
bill  levies  a  State  tax  of  two  mills,  applicable  to  pay  interest  on 
the  public  debt,  and  a  levy  is  also  made  for  the  payment  among 
other  deficiencies  of  that  in  the  appropriations  for  the  July  and 
January,  1875,  interest  on  public  debt. 

Stock  Operations.— The  Tribmie  gave  the  following  in  its 
money  article  a  sbort  time  since:  A  case  involving  points  of  great 
importance  to  stock  speculators  has  recently  been  decided  by  tlie 
Court  of  Appeals,  viz.  :  Qnincy,  assignee  of  Wm.  Heath,  brought 
suit  against  White,  Woodward  &  Young  for  loss  sustained 
on  Reading  Railr9ad  stock,  which  Heath,  as  broker,  bad  bought 
for  the  defendants.  The  case  may  be  briefly  stated  thus ;  Wood- 
ward &  Young  formed  a  combination  to  buy  a  quantity  of  the 
Reading  Railroad  stock.  After  having  bought  a  certain  quantity 
White  came  into  the  "  pool,"  and  an  additional  certain  quantity 
was  bought.  White  and  Woodward  at  difierent  times  received 
from  Heaih  and  paid  for  the  same  a  proportion  of  their  one-ihird 
of  the  stock  which  had  been  purchased,  all  of  Young's  proportion 
remaining  in  Heath's  han^.  Finally,  Heath  served  a  notice  upon 
all  three  that  he  must  have  additional  margin  or  that  they  must 
take  up  the  remaining  stock.  In  the  meantime  Young  had  become 
involved  in  some  outside  transactions  and  was  unable  to  resooud. 
White  and  Woodward  took  from  Heath  the  remaining  portion  of 
their  shares,  each  one-third,  paying  him  for  the  same  on  tUe  basis 
of  dividing  the  tota!  cost  by  three,  and  claimed  that  in  doing  tliis 
they  were  relieved  of  all  further  responsibility  in  the  matter. 
After  this.  Heath  sold  out  the  lemaining  one-third  of  the  stock, 
at  a  loss  of  about  $100,000,  for  which,  with  interest,  suit  was 
brought  against  all  these  defendants  as  a  co-partnership.  The 
case  was  tried  before  a  referee,  and  judgment  rendered  lor  the 
plaintiff  against  the  defendints,  collectively  and  individually. 
The  case  was  appealed  to  the  General  J'erm,  and  from  thence  to 
the  Court  of  Appeals,  which  has  finally  confirmed  the  judgment 
of  the  lower  court  that  the  transaction  was  one  which  came  under 
the  New  York  statute  in  relation  to  general  partnerships. 

Tennessee  Finances. — Tiie  following  is  Governor  Porter's 
letter  in  full : 

Executive  Ofkicb,  Nashville,  Tenn.,  Dec.  15, 1875. 
James  Morton,  Esq,  New  York: 

Sir:  Your  communication  covering  article  from  the  New  York 
Timi's,  is  received.  The  January  interest  on  the  debt  of  the  State 
of  Tennessee  will  not  be  paid  ;  and  all  that  can  now  be  promised 
is  that  BO  soon  as  the  requisite  amount  of  money  is  paid  into  the 
treasury,  it  will  be  applied  to  the  payment  of  the  interest  due  the 
first  of  July  last.  Bef  are  this  can  .be  done,  however,  there  is  a 
balance  of  $355,000,  borrowed  by  the  State  to  pay  the  interest 
due  January,  1875,  and  an  outstanding  warrant  account  of  $425,- 
000  to  be  provided  for. 

An  effort  was  made  to  borrow  the  money  to  pay  the  last  July 
interest.  I  believed  then  it  was  unfortunate  for  the  State  that 
the  negotiation  failed  ;  now  I  am  thoroughly  satisfied  that  the 
failure  was  a  fortunate  circumstance  both  for  the  St«te  and  the 
holders  of  her  seouritioB,  for  the  reuon  that  the  January  interest, 


due  in  a  few  days,  could  not  be  paid  without  resorting  to  another 
loan,  and  to  undertake  to  carry  an  additional  loan  account  of 
$1,500,090,  with  an  empty  treasury,  would  simply  beat  the  sacri- 
fice of  whatever  of  credit  is  left  to  the  State.  The  executive 
officers  of  the  State  have  therefore  resolved  to  look  at  the  re- 
Bources  of  the  State  for  the  payment  of  the  Interest  on  the  public 
debt,  and  not  to  a  further  loan.  The  article  enclosed  by  yourself 
assnmes  that  the  resources  derived  from  taxable  property  ,amount- 
Ing  to  $300,000,0011,  were  dedicated  to  the  payment  of  the 
interest  on  the  Stale  public  debt,  and  that  "  the  Legislature 
had  provided  treasury  warrants  to  pay  the  floating  debt." 
Neither  assumption  is  true.  A  tax  of  four  mills  was  levied  by 
the  State  to  pay  all  expenses,  and  subsequently  the  liegislature 
provided  for  the  issuance  of  treasury  warrants,  receivable  in  pay 
ment  for  all  dues  to  the  state,  limited  to  $500,000  at  a  time,  to  be 
Isaned  for  current  expenses  only  ;  and  because  of  the  alleged 
poverty  of  the  people,  resulting  from  a  general  failure  of  the 
crops  for  the  year  1874,  the  collection  of  the  revenues  with 
which  it  was  expected  to  meet  the  last  July  interest  was  sus- 
pended until  the  15th  day  of  November,  1875.  Since  that  date 
there  has  been  paid  into  the  Treasury  the  sum  of  $151,167  36, 
of  which  amount  $71,690  34  was  in  Comptroller's  warrants, 
$10,576  in  old  issue  of  Bank  of  Tennessee,  and  the  balance  of 
$68,901  02  in  currency.  The  writer  of  the  article  inclosed  is  in 
error  as  to  the  expectation  of  realizing  large  collections  from  the 
$770,000  of  arrearages  reported  to  the  last  Legislature.  From  a 
careful  investigation  of  the  subject  it  is  found  that  this  sum 
covers  comniissionB  not  yet  allowed,  insolvencies  and  land  sales 
not  yet  reported,  judgments  and  debts  in  suit  in  favor  of  the 
Slate,  where  principal  and  sureties  are  insolvent,  and  represents 
a  very  small  sum  of  collectible  revenue. 

This  statement  covers  all  of  your  inquiries  except  the  one  in 
reference  to  a  repudiation  of  the  State  debt ;  and  I  do  not  hesitate 
to  say  that  there  is  not  a  man  in  the  State  with  the  slightest 
claim  to  respectability  who  favors  such  a  proposition  ;  but  I  do 
believe  that  there  are  many  gaod  and  wise  men  in  Tennessee  who 
believe  that  the  bonds  of  the  State  carry  too  high  a  rate  of  ii)ter- 
esl,  and  hold  that  it  would  be  to  the  interest  of  the  holders  them- 
selves to  consent  to  such  a  reduction  of  the  rate  of  interest  as 
would  be  acceptable  to  the  taxpayer;  this  proposition  cannot  come 
from  the  State,  but  I  have  information  that  induces  the  belief  that 
the  large  holders  of  Tennessee  bonds  will  accept  a  reduced  rate  of 
interest,  if  they  can  be  satisfied  that  permanent  provision  will  be 
made  to  pay  with  promptness  the  rate  agreed  upon  and  that  all 
holders  of  our  securities  consent  to  this  reduction.  Unless  such 
an  arrangement  is  consummated,  the  shrinkage  in  values  iu  the 
State  will  compel  the  next  Legislature  to  raise  the  rale  of  taxation 
from  four  to  six  mills  on  the  hundred  ^ollars,  and  in  any  event  I 
am  confident  that  a  sinking  fund  of  some  amount  will  be  provided 
by  the  next  Legislature,  for  the  gradual  extinguishment  of  the 
State  debt. — I  have  the  honor  to  be  your  ooedient  servant, 

Jas.  D.  Porter. 
Tlie  Bleeclier  Street  Railroad.— The  JV;  Y.  Times  says  : 
Cbief  Justice  Davis,  in  the  Chambers  of  the  Supreme  Court  yes- 
terday, signed  the  order  appointing  Alvan  S.  Southworth  the 
Receiver  of  the  Bleecker  Street  and  Fulton  Ferry  Railroad  Ck)m- 
pany.  By  the  terms  of  the  order,  the  Rec-iver  is  to  give  bonds  in 
the  sum  of  $75,000,  and  is  to  have  allthe  powers  and  authority 
conferred  by  law  on  such  receivers.  He  is  directed  to  recover  all 
sums  remaining  due  on  any  shares  of  stock,  and  is  required  to 
file  an  inventory  of  the  company's  standing  as  soon  as  possible. 
The  road  is  also  to  be  continued  in  \l^^  operations  by  him,  the 
former  officers  being  enjoined  from  interfering  in  any  way  with 
the  management  or  the  affairs  of  the  company.  The  Receiver  is 
required  to  make  monthly  statements  of  receipts  and  disburse- 
mt'nts  to  tlie  court,  and  is  to  deposit  balances  of  over  $10,000  in 
tUe  New  York  Life  and  Trust  Company.  Whenever  more  than 
$10,000  shall  be  on  deposit  in  this  way  he  may  make  application 
to  the  court  for  leave  to  apply  the  money  to  the  payment  of 
interest  due  on  the  mortgage  bonds  of  th--  company.  He  is  also 
required  to  pay  the  wages  of  the  laborers  and  servants  of  the 
company  for  the  month  preceding  his  taking  charge  of  tL'e  com- 
pany'a  affairs,  but  is  restrained  from  making  any  payments 
whatever  to  the  officers  of  the  company.  The  order  is  not,  how- 
ever, to  delay  the  trial  of  either  of  the  suits  now  pending.  _ 

Toledo  Peoria  &  Warsaw.— Receiver  Hopkins  reports  as  fol- 
lows for  October  and  November : 


Cash  balance,  October  1 ;  _    ^49  ggg  jg 

Local  freight,  September  and  October $114,742  it 

'Throuj^h  freiiiht,  July  and  Augiift 8,iao  20 

Local  passengers,  September  and  Octnbcr 30,550  Irt 

Throngh  passengern,  July  1,6IK  58 

Car  service  and  miscellaneous    10,82J  75 

Total  October  receipts S<I>S  851  80 

Local  freight.  OctobT  anil  November {94,915  97 

Throngh  freight,  July  and  September .      14,v48  60 

Local  passengers,  October  and  November  84,480  72 

Throngh  passengers,  August  and  September 4,015  67 

Car  service,  express,  &c 18.232  18 

Total  November  receipts $150,898  24 

Total $366,641  24 

Pay  rolls,  vouchers,  throngh    freight   and   passenger 

accounts,  rents,  Ac,  paid  in  Oct $145,993  70 

Do.do.inNov 901,298  12 


$347,286  82 

Balance  on  hand  Dec.  1 $19,354  41 

In  October  the  receipts  exceeded  the  disbursementB  by  $19,- 
858  10;  in  November  the  disburiements  were  in  excess  by 
$50,399  88,  showing  an  excess  of  disbursements  over  receipts  of 
$30,541  78  for  the  two  months.  The  Court  allowed  the  receiver 
$2,000  for  his  servioes. 


December  25,  1875.] 


THE  CHRONICLE 


615 


COMMERCIAL  EPITOME. 

B^iDAT  NioHT.  Deo.  24.  1875. 

The  Inactivity  in  limd*  whicli  usa&lly  precede*  the  Cbrintinas 
bulidaya  liu  be«n  turned  into  extreme  dolneea  daring  tlie  past 
week  bT  a  ■addrn  decline  in  Kold,  renewed  weakneas  in  exchan|;e, 
and  aneh  a  ttillening  up  of  the  money  market  ibat  an  abaolule 
■trinKeney  haa  been  fell.  Tbeae  events  have,  ol  coarse,  more  or 
Ira*  nnoettled  views  as  to  the  fntare  of  priises,  aswell  aa  clij-cktsl 
(■emand  ;  and  stagnation  is  the  only  word  which  will  adcqaatelr 
describe  the  condition  oi  affairs  in  business  circles.  Hopes  are 
conlldentlj  entertained,  however,  that,  with  the  opening  of  the 
new  yrar,  the  volume  of  transactions  will  be  considerably  in- 
creased. 

The  specalation  in  pork  and  Iftrd  haa  been  doll,  especially  for 
thp  lormt-r,  and  a  pretty  general  decline  in  prices  of  bofr  products 
has  taken  place.  There  is  nothing  new  in  the  sitaation  as 
respeeu  prospective  sapply  and  demand,  but  the  weakening  of 
specalative  confidence,  the  effect  in  part  of  the  influences  noted 
in  the  above  paragrspb,  baa  deprived  the  market  of  a  leading 
element  of  streDgtb.  Yesterday,  mess  pork  was  dull  at  $21  on 
ihs  spot,  and  there  waa  a  single  sale  lor  March  at  $90  75,  with 
Fcbmary  quoted  at  $20  8Si.  Prime  Western  lard  sold  at 
12  IS-lflc.,  spot  and  Janaary,  IS^c-  'o'  Pebmary,  and  IS^c  for 
March.  Bacon  )>aa  been  fairly  active  in  the  past  day  or  two  at 
10)c.  for  city  long  clear.  Beef  has  been  steady,  but  tallow  loat  a 
portion  of  the  recant  advance,  aad  close*  at  0{<.'<  lOc- 'o'  prime. 
Batter  hta  been  abont  steady,  with  soma  bosinesn  In  good  West- 
ers for  export  at  28(i39c.  Chi  a—  haa  baao  in  fair  request  for 
export  at  lati'.Sc  for  prinn  to  ehotca  laetortes.  To-day,  the 
market  (or  all  hog  prodacts  was  dull  and  droopiaff,  bat  without 
qootabla  dadisa. 

CiilBiia  hava  baaa  datl,  and  prieea  have  favored  buyers,  though 
BO  aaw  faatoras  have  been  developed,  except  a  decline  in  gold. 
Rio  qoolad  at  ISi^lft^e.  lor  fair  to  prime  urgo<«,  with  a  stock 
h«t«  of  140,000  bogs,  and  a  visible  supply  in  the  Uaitwl  Sutta  of 
SSTjOOO  bags.  Mild  grades  are  somewhat  redaeed  la  stock.  Rice 
haa  baea  dull,  bat  Is  without  farther  deeliae.  Teas  have  been  lea* 
aetlva,  bat  price*  have  ruled  steady.  Spices  are  qalet.  Foreign 
fruits  are  without  Importaat  change,  except  prunes,  which,  after  a 
prriod  oi  much  depresstoo,  are  la  better  iemand  and  higher ; 
Turkish  qootad  at  6|c.  Sagars  have  been  dull,  and  quotations 
are  again  reduced  Jc.  to  S^c  for  gocd  reBnlog  Cuba,  and  10}c 
for  standard  crashed  refined.  The  mov sweat  in  raw  sugars  waa 
aa  follows  : 

Hhdik         Boat*.         Ba«a.       Melado 

ll>«slp*«paetw«d(.... LMt  MM  MAI 

••tasva.lWMk lUl  t.iM  lt,aM  ITT 

M«CkD«C«,l>» UjMi  a.«  44.171  UM 

8lo«k  Dae.  t4.  im...... MMl        W.0I1         1M17  M 

Liasaad  oil  haa  ramalnod  slaady  at  M^tSe. :  crude  sp^rm  haa 
sold  to  the  exUnt  ol  900  bbls.  at  New  Bedford,at  ft  O.'i.  Oth^r  oils 
at*  qalat  aad  anebaoged.  Hide*  have  baaa  la  good  demand  aod 
steady ;  dry  MoBtevldao  aold  at  Me. ;  do.,  seconds,  at  1 7e.,  gold, 
aad  ^7  Toxaa.  at  IV^c,  earraaey.  Fiah  qaiat  aad  uncbanfced. 
Whiskey  closwl  at  $1  13f  Clover  sawl  Is  dull  and  weak,  owing 
to  Increased  sapplles.  and  quoted  at  IS^SlSc.  lor  Wsstern  aad 
Rtata. 

Kenlaeky  tobaeoo  haa  been  in  m'>ierat«  demand  and  firm  at 
•08i«,  ier  Ion  mm!  10(il7c  tor  leaf  ;  the  sales  for  the  week 
oahtaMd  000  hMa..  of  which  3S0  werx  (or  export,  and  1.70  for 
enaMBpthm.  8aad  laaf  haa  been  (airly  active  and  about  steady; 
the  salxa  embrace :  Cropa  of  1878  and  1874,  400  eaae*  Ohio,  part 
at  Sc;  crop  o(  1472i.  80  eases  Conoectiout,  2(X)  case*  New  York,  on 
private  term*  :  and  crop  of  1874,  87.'}  nsas  Conaeetieut  and  Mas. 
saehoostts,  part  at  7t<d8e.,  and  SCO  case*  Pennsylvania,  on  private 
terms :  also  300  eaae*  sundry  klada  at  7(910:.  Sptolsh  tobacco 
haa  moained  aiaady.  with  salsa  of  400  bales  Havana  at  88c.(§ 
|t  15. 

Thar*  has  baea  only  a  moderate  baainess  ia  the  market  for 
ocean  Iralghta ;  ibe  rata*,  however,  ara  firm  and  numewhat 
higher,  berth  room  e8p«cially.  This  is  due  to  the  exceedingly 
HgW*  ■■PP'T  o'  toaaaga.  l<ata  engagementa  and  charter*  were  : 
Orain  to  Liverpool,  by  staam,  10ic(lld.;  cotton,  7- lOd.;  bscon, 
SOi.;  flour,  by  sail,  8*.  3d.,  aad  Ullow  :i5s.  drain  to  London,  by 
staam,  ll«4ltH  :  ehaaa*.  40s  ;  hop*,  {J.;  flour,  by  Mail,  :K  Grain 
to  (ilangnw,  by  atsam,  tOr^lOid.;  crude  petroleam  to  Havre  or 
Bordeaux,  Sa.  3d.(93*.  4 td.;  naphtha  to  MorgaapitI,  0«.;  reflned 
petroleum  to  Dublin,  .V  9J.:  do.  to  Trieete,  6*.  Ao.  To  day  there 
was  a  very  dull  market,  yet  rates  wt^re  firmly  retalne-l.  Orain  to 
Liverpool,  by  Meam,  lO^^llJ.;  cotton,  18^.')2a7-lfld.;  bops  to  I/oa- 
doD,  by  steam,  fd.;  floar,  by  sail,  8*  ;  grain  to  Ulasgow,  by  steam, 
lOid. 

The  naval   store  market  baa  been  uninteresting,  spirits  tar- 

rtatioe  eloeing  at  SA^c,  and  common  to  good  strained  rosin  at 
1  65<9$1  7.'?.  In  petroleam  some  basinaaa  haa  been  done  at  a 
alight  daelin*.  Rvfioed,  In  bbia,  eloiaa  at  lUc;  crude,  in  bulk, 
at  He.  lagot  oopper  in  Maady,  with  Mklaa  to  the  oxtaat  of  3JO,0eO 
lbs.  Lake  at  ntfinte..  mb. 


COTTON. 

Friday,  P.  M., 


Dec.  34,  187S. 


Thk  Moveubnt  op  the  Crop,  aa  indicated  by  our  telegrams 
from  the  South  to-nigkt,  ie  given  below.  For  the  week  ending 
this  evening  (Deceml>er  34)  the  total  receipts  have  reached  196,631 
bal«s,  against  193,643  bales  last  week,  172,901  bales  the  previous 
week,  and  157,880  bales  three  weeks  since,  making  the  total 
raoeipts  since  the  Ist  o(  September,  1875.  3,151, 1.59  bales,  against 
1,966,618  bales  for  the  same  period  of  1874,  showing  au  iucreaae 
since  Sept.  1,  1875,  of  167,.Hl  bales.  The  details  of  the  receipts 
for  this  week  (as  per  telegraph)  and  for  the  correspoudiii.^  weeks 
of  five  previous  years  are  as  follows: 


Raoeipu  this  week  at— 

i87iy. 

iKt. 

isn. 

1871 

1871. 

1870. 

Nsw  Orleaoa 

59,8)9 

19,14a 

M,7«e 

4H 

W.TSO 
W.1W 

■m 

13,M« 

MS 

CM 

n.ta* 

Moe 

49,06» 

tl,tl7 

11,015 

lU 

M,m 
iCtti 

199 

8,9T1 

6,581 

ia,is« 

09 

74,M0       19,193 
19,Siei|       9,10S 

«■-  }  15.«5 

S7.668      S4,ini 

"•-  [  .ois 

6,751         S,7W 

909-           67S 

8.046!        l.TSS 

38,1M 
17,178 

14,78S 

1S,»0 

ll.OSI 

6.0  » 
837 
8,411 
6,70« 
l,4Si 

41.996 

Mobile 

14,375 

Charioaton     ..  ..  ..... 

PortRoTaUAc... 

aavaaaah 

Qalvsrtnn                .    , 

11,067 
18,150 

ladliMrii   Ar 

7,155 

Tsaasssii,  *e 

norida 

Merlh  Caielina. 

10,0^9 

474 

8.173 

Morftalk 

17,156 
J,4;6 

10,970 
1,198 

6,886 

CltrPoUt,Ae 

7,786 

Total  tliUwesk 

i9(,ni 

164.7W 

115.898 

103,443 

in.on 

isa.iio 

Total  •lac* Sept.  1.... 

S.lft4.IH  1.9aa,«18'l.7«.196!l.<M.S«' 

i.ua,8n)li,goui»4 

The  exports  for  the  week  ending  this  evening  reach  a  total  of 
197,963  bales,  of  which  83.825  were  to  Ureal  BriUin,  11.633  to 
Vranee,  and  83,589  to  raat  of  the  Continout,  while  the  stocks  as 
made  up  this  eveuing  are  now  753,035  bales.  Below  are  the 
■loeks  and  exports  for  the  week,  and  also  for  the  corresponding 
waek  of  last  season: 


W**k«adli« 
DsclM. 


Nsw  Otlsaaa. 

MabC* 


New  Tork.... 
UtbarporU*. 


Total  this 
Tslilslace8«pt.l 


Bzponed  to 


®~'   »raaeJ*'~" 
Brttala.  neat. 


88,888 
8,610 

18,8*1 
6,«l 
4,8f7 

tl,8*l 

18,188 


1,887 


U,t 


711.188  >l1t.l« 


11.109 
4,018 

10,690 

1,718 


8!,K8 


Toul 

this 

weak. 


48348 
7,831 
17,477 
18,8*7 
4,MT 
14,856 
15,487 

"iir,9Ml 


game 

weak 
1874. 


19,471 
^517 
4,471 
13,618 
11,019 
I0.98> 
8,(08 


Stock. 


UTS. 


n3.5«7 
71.3W 
64,409 
97.008 
88,954 

118,684 
70,000 


1874. 


tiS.7«l 
69,307 
68,181 

100.708 
88,611 

141,643 
69.000 


>>4  751,915  771,9»t 


1.188.184  I   9^018  I 


. jinore 

ItiUadelphIa 
— ■  '  -e.  lu 

—  ^  , . . —  -__ —  ,~-. , htln 

toBaabars. 

[I^Uor  telegram  from  New  Orleans  to-night  shows  that 
baatde*  the  above  export*  the  amount  of  cotton  on  shipboard,  an  d 
aagaged  for  shipmeat  at  that  port,  is  as  iollows:  For  Liverpool, 
45,000  bales;  for  Havre,  33,000  bales;  for  Continent,  13,500  bales;  for 
eoastwlsa  ports,  1,500  bales:  total,  03,000  bales;  which,  if  drducted 
from  the  stock,  would  leave  141,.'>U0  bales  representing  the 
quantity  at  the  landing  and  in  presses  unsold  or  awaiting  orders. 

From  tha  fongoing  statement  It  will  bo  seen  that,  compared 
with  tha  eorTaapoodlng  week  of  last  season,  thitro  is  an  inertane 
in  the  exporUthis  week  of  58.378  bales,  while  the  stocks  to-night 
are  19,000  bale*  Um  than  they  were  at  this  time  a  year  ago. 
The  following  is  our  usual  table  showing  the  movement  of  cotton 
at  all  the  porta  from  Sept.  1  to  Dec  17,  the  latest  mill  dates: 


aaosirra 

■  nOB  SSfT.  1. 

■zroBTSD  uiioa  aBrr.  1  to— 

Coast- 

1 

!' 

Oraat 
Britain 

nance 

Other 
forel'B 

ToUI. 

wia*    1  Stock. 

1875. 

I«74. 

Porta. 

N.  Orltma. 

6I8.41» 

498.000 

171.470 

101.118 

71,400 

Mi.OM 

«,4*< 

«1,5I10 

MoMto  .... 

177,48^ 

in,490 

88,0W 

I.I8I 

8J8I 

50,8*6 

6I,01u 

86,534 

Oksrtsat'B* 

1881087 

988.1R 

87,0m 

i8.;«i 

88,861 

1«0,4<I4 

67,808 

88,995 

■avaaasb.. 

Ml,tl1 

ST4.110 

68.411 

11,9U 

74,777 

1*4,140 

87,1(M 

M,864 

Oaltaatoa*. 

iai.87« 

191,185 

66,116 

8,117 

8,818 

78,161 

114,061 

80,0»l 

New  Tork.. 

5I,*7« 

47,688 

1S0,J89 

1,808 

88,840 

184,117 

117.899 

Vkitlda..... 

8,071 

ajoi 

•  •• 

•  ••a 

... 

8.871 



N.oarallaa 

68,498 

80,1*4 

8,180 

•  aa* 

8,801 

10^481 

18,678 

6,777 

Norfolk*  .. 

lH.7a8 

114,418 

89,596 

1.817 

..*. 

41.41< 

197.090 

iMM 

Olh«patt* 

n,iio 

88,07* 

8l,lti 

7,188 

88,881 

637.814 

19,900 

TottbUyr. 

1,107,988 

188,411 

110,900  186,131  { 

1030,141 

703,087 

Tot.  last  jr. 



l.ni,8W 

710.  MS 

as,w6 

111.197' 

9t4.3M 

<i»l.04>l 

Tlt.OTg 

'uaaariaaaaaaoi  vitariuiom  la  laclada*  Port  Uoral,  ac.i  ooderUe  basil  of 
gnii—ltm  I*  laelnitoO  lailUiiei*,  *e.i  Ba4*r  tha  baad  ot  Sor/oU  u  tneladad  Ctty 

The*e  mall  returns  do  not  correspond  precisely  with  the  total  of 
th*  telegraphic  figures,  because  in  preparing  them  It  Is  always 
aeeajaary  to  iaoorporata  arery  oorrectioa  made  at  the  ports. 


616 


THE   CHRONICLE 


[December  25,  1875, 


Tlie  market  the  past  week  ban  been  quiot  for  cotton  on  tUe 
spot,  with  prices  drooping.  The  only  relief  to  the  general  dul- 
ncas  waa  on  Tuesday  afternoon,  when  1,800.  bales  wer»  taken  for 
export.  On  Monday,  qnot-itions  wore  revised  ;  low  middling  and 
grades  below  were  reduced  l-18c.,  while  the  medium  and  better 
grades,  as  well  as  stained  cotton,  remainiid  without  variation. 
Yesterday,  quotations  were  further  revised  :  Good  middling  and 
grades  above  were  unchanged;  middling  and  strict  low  middling 
reduced  l-lOc. ;  low  middling  reduced  ic;  strict  good  ordinary 
and  strict  ordinary  reduced  3  16c.;  good  ordinary  and  ordinary 
reduced  5-16c. ;  and  the  following  reductions  were  made  in  stained 
cotton:  middling  reduced  l-16c. ;  low  middling  reduced  ic ; 
strict  good  ordinary  reduced  S-lfic. ;  good  ordinary  reduced 
7-lCc.  Considerable  diversity  of  opinion  on  our  Cotton  Ex- 
ehauge  was  apparent  respecting  the  quotations  as 
thus  revised.  Today,  the  market  was  quiet  but  firm. 
For  future  delivery,  fluctuations  have  been  slight,  but  the 
general  course  of  prices  has  been  downward,  especially  for  the 
early  months.  Receipts  at  the  ports  have  been  large,  but  the 
receipts  have  not  exceeded  estimates,  and  heavy  rains  were  re- 
ported yesterday  from  the  Glulf  States,  which  in  Texas  have  caused 
such  floods  as  to  interrupt  transportation.  There  was,  conse- 
quently, a  steady  closing  at  the  decline,  although  the  stringency 
in  the  money  market  has  acted  as  a  check  upon  speculation. 
To-day,  the  market  was  more  steady,  with  prices  generally  l-16c. 
higher.  After  'Change,  there  were  no  sales  of  moment  ;  busine.ss 
was  suspended  early,  tomorrow  being  Christmas. 

The  total  sales  for  forward  delivery  for  the  week  are  105,000 

bales,  including free  on  board.     For  immediate  delivery  the 

total  sales  foot  up  this  week  6,518  bales,  including  3,723  for  ex- 
port, 1,961  for  consumption,  185  for  speculation,  and  650  in 
transit.  Of  the  above,  6  3  bales  were  to  arrive.  The  following 
are  the  closing  quotations  : 


Kew  Claaslflcatloa. 


npIandB. 


Ordinary perB.llUH 

Strict  Ordinary lij. 


&ood  Ordinary. 
Strict  Good  Oi-dlnary.. 

LowMiddllnK 

Strict  L»w  Middling.. 

Middling 

ElQod  Middling 

Strict  Good  Middling.. 

Middling  Fair 

Fair 


9.... 

a.... 


11 « 

U  11-164.... 
i  i-:6  a.... 

o... 

IBa... 

14       a.... 

ii« 


iS'i 
13  U- 


Alabama. 


•  ..., 

a... 
a... 


U'4 
lISl 
l-iX 

12  12-16®.. 

a  »-i6  a  . 
iSH     e.- 

13  i3-:6a.. 
Hx  a.. 
iiH     a.. 

SH     a.. 


New 
Orleans. 

iox  «~ 
iix     a.... 

ux  a ... 
ViH  o.... 
n  ;5-i6»..., 
13  5-10  a.... 
13  7-16  a.... 
13  15-16®..., 

u«  a.... 
HX  a.... 
15X     a.... 


Texas 

lox     a... 

llJi        w... 

;ij<  a... 
ivx     a... 

12  ;5-16»... 

13  5-16  a... 

3 1-16  a... 

13  15-;6a... 

lix  a... 
uji  a... 
I5X     a... 


Good  Ordinary 


11 


Strict  Good  Ordinary  lljt      I  Middling., 


STAINED. 

Low  Middling 12K 


Yi% 


Below  we  give  the  sales  ol  spot  and  transit  cotton  and  price  of 
Upland*  at  thU  market  each  day  of  the  past  week  : 


aALJBt» 

FKloas. 

Now 

Con-  Spec- 

Tran- 

Good ,    Low 

Mid. 

CiAaslUcatlon. 

axp't. 

20'. 

aamp. 

alft'D 

sit. 

Total. 

Ord'ry 

Ord'ry. 

Midi's. 

dling. 

Saturday  

264 

4C 

mi 

11 

12X 

I2>< 

13  5-16 

Monday 

9SU 

239 

1,J19 

10  15-16 

Vi  1-16 

12  13-16 

13  5-16 

Tuesday 

650 

193 

S43 

10  15-16 

la  1-16 

13  13-16 

13  5-U 

Wednesdaj.... 

1,80; 

IDl 

6 

2,(XI4 

10  15-16 

12  1-16 

12  IS-16 

13  »-;6 

riinrsday 

sa 

8:3 

%l 

150 

1,1/i; 

W% 

11* 

12  11-16  13  i< 

Friday 

3,7a 

251 
1,961 

in 

6110 

t63 

lOJi 

lUC 

13  11-16 

ISJ,' 

Total 

185 

OW 

6.51S 

>'0T  forward  delivery  the  sales  (including  free  on  board, 

'.  ■  reached  during  the  week  105,000  bales  (all  middling  or  on 
he  basis  of  middliag),  aud  the  following  is  a  statement  of  the 
ales  and  prices 


For  December. 
bales  Gts. 

100  s.  n... 13  31-3! 

3U0   13 

aOOs.  n....l3  1-3: 

6(10 13  1-16 

a'O  S.n....l3  8-32 
100  no  not  t  ,o  q  q.j 
to-day...  ("'" 

5)0 13  332 

200  8.0 13X 

1,70J lSi| 

K^'  ....18  5-33 
la 13  7-32 

4,700  total  Deo. 

For  January. 

200 18  3-32 

4,^10 •^3>< 

,■-,,11(10 13  5-1)2 

5,900 13  8-16 

1,100 13  7-Si 

:,W3 18M 

S,600  total  Jan. 


For  February, 
bales.  cti 

2,600 13  5-16 

5,200 13  11-32 

7,300 13X 

4.400 13  13-32 

1,200 13  7-16 

500 13  15-32 

1,200  13X 

100  13  17-32 

3i,50)  total  Feb. 
For  Marcli. 


100.... 
4.900.... 
B.OJO.... 
6,400.,.. 
3,(00... . 

900,... 

TOO  ... 

900... 


....13  17-32 
...1«916 
..13  19-32 

13K 

.  13  21-32 
..13  11-16 
..13  23-32 
135^ 


I  25,300  to:«lMarcli. 


For  April. 


bales. 

1,200 

4,IHXI 

3,100... 
4,200.... 
1,400., 


Cts 
..13  25-32 
.13  1316 
.  13  2;-32 

1SX 

..13  29-3; 


1,41« IS  15-16 

15,600  total  April. 

For  May 

1,500 It 

2,t00  14  1-33 

1,800 14  1-16 

2,300 11  3-32 

1,600 IIX 

9,2C0  total  Msy. 

For  June. 


103. 

100  .. 

1,000... 

i,ioo:.. 


...14  3-16 
....14  7-32 

14M 

....14  9-32 


bales. 
200... 
100... 


CtB. 
...It  U-33 
14^ 


4,0V)  total  .lune. 

For  July.' 
100 11  11-32 

400 14  13-32 

100 14  7-16 

200 \A  1532 

200 14  9-16 

200 14  19-32 

1,-200  total  July. 

For  August. 

SOJ 14  13-SJ 

600 14  7-16 

900 im 

800 14  17-32 

200 14  9-16 

200 14% 

il30 14  11-16 


1,700 14  5-16  1    3,300  total  Aug. 

ade  during  the  week : 


The  following  exchange  has  been 
5- 16c.  pd.  to  oxch .  100  Dec.  lor  Feb . 

Tbo  '-^Uowine  will  show  spot  quotations  and  the  closing  prices 
bid  fo-  futures  at  the  several  dates  named ; 

MIDDLINO  TJPLASDS— AMBRtCAX  CLASSIFICATION. 


Frl. 

On  spot 13  f,-.s 

December 13  3-18 

January 18X 

February 13  15-33 

March... 18  28-32 

April 13  ri-16 

May 14  5-S2 

Jane It  11-82 

July 14  17-82 

August 14  21-3 J 

Bales  spot l'28e 

Sales  future. ..  iB,8ro 

Gold 114M 

Kxcuaage i.84 


Sat. 
13  5-16 
13« 
13  5-3! 
IS  11-32 

13  19-32 

14  27-32 
14  1-32 
UH 

14  13-32 

14  15-32 

501 

19,600 

113<K 

4.34 


Mod. 

13  5-l« 
13K 

IS  3-16 
\i\ 
I3« 
IS.K 
II  l-'» 

14  9-3J 
14  7-'.6 
14  K 
1.S19 
33,200 
lUJi 
4.84 


Tues. 
13  5-lS 
13X       • 
IS  3-16 
ISSi 

13  -a-ii 

13  5< 

II  3-3! 
11  5-16 

14  7-16 
IIX 
813 
17.500 
118« 
4.3t 


Wed. 
13  5-16 
13  1-16 
MH 
13  5-16 
18  9-16 
13  13-16 
14 
It  3-32 

}I1-1S 
2,091 
13,030 
U3H 

4.;4 


Ttinrs. 

Fri. 

n% 

1  X 

IS  1  16 

13  1-32 

13  5-32 

va 

13  11-3! 

13  11-32 

13  19-Si 

18?« 

13  27-32 

13« 

14  1-16 

14  1-16 

14K 

14  9-32 

14  13-38 

It  7-16 

141, 

14X 

1.077 

868 

16,300 

14,300 

112% 

118X 

4.;3 

4.08 

Tna  VrsruLE  Sofplt  of  Cotton,  as  made  up  by  cabie  and 
telegraph,  is  as  follows.  'i"he  continental  stocks  are  the  figures 
of  last  Saturday,  but  the  totals  for  Great  Britain  and  the  afloat 
for  the  Continent  are  this  week's  returns,  and  consequently 
broughtdownto  Thurnday  evening;  hence,  to  make  the  totals  tlie 
complete  figures  for  to  night  (Di-c.  'H),  we  adil  the  item  of  export.') 
from  the  United  States,  including  In  it  the  exports  of  Friday  only : 

1875. 

Stock  at  Liverpool 5M.000 

i^tock:  at  London 6J,750 

Total  Groat  Britain  stock  ....  606,750 

Stock  at  Havre I02,J50 

Stock  at  Marseilles 2,250 

Stock  at  Barcelona 47,000 

Stock  at  llamburg 14,000 

Stock  at  lireinen 20,250 

Stock  at  Amsterdam BC,000 

Stock  at  Rotterdam 9.860 

Stocls  at  Antwerp 5,300 

Stock  at  otlier  continental  port-. .  7,000 

Total  continental  ports 83il,50O 


Total  European  stocks 933,250 

India  cotton  afloat  for  Europe 116,000 

American  cotton  afloat  for  Europe  607,003 

Egypt,  BrazW,  &c.,afloat  for  E'rope  81,000 

Stock  In  United  States  ports 752,925 

Stock  in  U.  S.  interior  ports 122,151 

United  States  exports  to-day S5,0D0 


1874. 

1873. 

1872. 

541,000 

471,000 

4-21,000 

111,750 

186,000 

222,000 

632.7.50 

660,000 

611,000 

no,.50o 

84,000 

230,000 

9,000 

8,509 

13,000 

41,500 

17.000 

29,000 

13,500 

13,590 

29,000 

26,000 

23,500 

32,000 

75,000 

75,250 

47,000 

18,250 

22,000 

11,00(1 

4,500 

11,250 

32,000 

16,000 

27,000 

43,000 

317,8-50 

282,000 

406,000 

970,000 

942.000 

1,109,000 

125,000 

141,00) 

120.000 

531,000 

374,00) 

392,000 

6:i.00i) 

81,0M 

103.003 

771,991 

703,711 

433,320 

155,780 

132.770 

88,629 

11,000 

10,000 

8.000 

ToUl  visible  supply.,  ..bale8.2,637,3:o  2,63.3,774  2,391,481  2,318,949 
Of  the  above,  the  totals  of  American  and  other  descriptions  are  as  follows: 
American— 

Liverpool  stock 2-30,000 

Continental  stocks 126,000 

American  afloat  to  Europe 607,000 

United  States  stock 752,925 

United  States  interior  stocks 122,151 

United  States  ezpoita  co-day 25,000 


16-2,000 
103,000 
53i,000 
771,994 
155,780 
11,000 


87,000 
80,000 
374,000 
703,711 
132,770 
10,000 


63,000 
89,000 
892,000 
498,320 
83,620 
8,000 


Total  American I>8le8.1,833,076 

East  Indian,  Brasll,  Ac.— 

Liverpool  8tocl£ 324,000 

London  stock 62,750 

oatinental  stocks 200,500 

India  afloat  for  Europe 116,000 

Egypt,  Brazil,  &c.,  afloat 81,000 


1,734,774       1,392,481       1,138,919 


379,000 
111,750 
214,250 

123,003 
69,000 


387,000 
186,003 
802,000 
143,003 
81,003 


.368,000 
22-2,000 
377,000 
120,000 
103,030 


Total  Bast  India,  &c 774,250 

Total  American 1,863,076 


893,rOC 
1,734,774 


999,000 
1,392,461 


1,180,000 
1,133,943 


Totalvisible  supply. ...bales.2,637,3-i6       2,6-33,774       2,391,481       2,318.949 
Price  Middling  Uplands,  Liverp'l.  6  15-16d,  7X<a7Kd.         S)id.  lOXd. 

These  figures  indicate  an  inarease  in  the  cotton  in  sight  to-night 
of  3,553  bales  as  compared  with  the  same  data  of'  1874,  an 
increase  of  24 '5,84-3  bales  as  compared  with  the  corresponding  date 
of  1873,  and  an  increase  of  318,377  bales  as  compared  with  1872. 

At  THE  Interior  Ports  the  movement — that  is  the  receipts 
and   shipments   for  the   week   and   stock  to-night,  and   for  the 
corresponding  week  of  1874-  "  ~~^  ""'■  '"  ■'-'—^  •"  *'■"  '" 
statement : 


-is  set  out  in  detail  in  the  foUowiuf; 


Augusta,  Ga 

Columbus,  Ga 

Macon,  Ua 

Montgomery,  Ala  . . 

Selma,  Ala 

Memphis,  Tenn 

Nashville,  Tenn — 

Total,  old  ports 


Shreveport.  La 

Vicksb  g,  Mies.,  e^t. 

Columbus,  Miss 

Eufaula,  Ala 

Atlanta,  Ga 

Charlotte,  N.C-.fSd, 

.St.  Louis,  Mo 

Cincinnati,  O 


Total,  new  porti 
Total.  aU 


Week  ending  Dec.  24,  1875. 
Receipts.  Shipments-  Stock. 


10,045 
3,264 
3.515 
3,692 
4,718 

23,598 
4,203 


53,035 

4,867 
6.C0O 
2,078 
2,500 
3,476 
5,300 
15.822 
7,189 


42,732 


15,211 
2,il0 
1,774 
2,304 
3,750 

20,269 
2,849 


48,527 

3,811 
4,994 
871 
2.100 
3,310 
2,-J5!i 
H,14li 
5,923 


36,414 


84  941     176  81' 


17,638 
9.617 
9,552 
10,525 
10,196 
58,972 
5,601 


122,151 

9,613 
2,500 
3,746 
4,067 
4.1 '29 
2,600 
19.106 
3,435 

64,196 


Week  ending  Dec.  24,  1874. 


Receipts.  Shipments.  Stock 


7,719 
2,640 
3,175 
2,010 
3,117 
15.164 
2,582 


36,307 

8.431 
2  638 
1,538 
1,635 
2,032 
1,696 
8,617 
7,0.34 


28,551 


64.851 


6,-542 
1,122 
2.089 
2,126 
2,622 
9.560 
1,641 


25,705 

2.620 
2,535 
916 
l,-320 
2  031 
1,518 
5,511 
6,610 


22,091 


21,998 
14,041 
14,520 
10,406 
11.105 
68,596 
15,114 

155,780 

9,26^ 
1,999 
2,044 
3,342 
2,99) 
1,121 
32.12  i 
12,9J1 

65,S00 

221.  "''0 


The  above  totals   show  thst  the   old    interior    stocks    have 

increased  during  the  week  4,508  bales,   and  are  to-night  83,629 

bales  less  than  at  the  same  period  last  year.     The  receipts  have 

been  16,738  bales  more  than  the  same  week  last  year. 

Bombay  Shipments, — According  to  our  cable  despatch  received 

to-day,  there  have  been  bales  shipped  from  Bombay  to  Great 

Britain    the    past   week,     and    bales   to  the  Continent  ; 

while   the  receipts   at   Bombay  during  thii  week  have    been 

bales.    The  movement  since  the  1st  of  January  is  as  follows 

The»e  are  the  figures  of  W.  Nicol  &  Co.,  of  Bombay,  and  are 
brought  down  to  Thursday,  Deo.  23  : 

r-8Ulpm«nti  tun  week-.    ,-8blpm«ntBsinoe  Jan.l-.     . — Kecelpts. — • 
Orsat       Con-  Great       Con-  This  Since 

Britain,  tlnent.  Total.      Britain,  tlnent.      Total,     week.      Jan.  1. 

1875 No  report 

1874 8,000       »,000      11,000     838,000    401,000  1,239,000    18,900    l,3i  5,000 

187J 9.000         ....        9,000     732,000    218.000     915,000     S.OOO    1,08^000 


Dec«mber  25,  137  5,  J 


THE   CHUONICLR 


617 


Vrom  tba  foregoing  it  woald  appear  that,  compared  with  last 

year,  there  is  an  inerMue  of   balee  this  year  in  the  week'i 

■bipm«Bli  from  Bombay  to  Europe,  and  tliat  the  total  moTement 

•Ince  January  1  shoim  an  inertate  in  nUipments  of l>alea 

compared  witn  the  correapooding  period  of  1874. 

WcATBER  Bkpobts  bt  Telsobaph.— There  haa  been  great 
divrraity  in  the  weather  at  different  points  the  part  weels.  At 
Mate  places  they  have  had  extremely  heavy  rains,  and  at  others, 
aot  very  far  distant,  none,  or  very  little.  For  instance,  through- 
out Texas  the  rain  has  been  extremely  severe,  beating  out  much 
,  of  the  unpicked  cotton,  and  this  storm  appears  to  have  parsed  up 
through  Shreveport  ;  but  at  New  Orleans  the  rainfall  for  the  week 
was  only  twenty  four  hundredths  of  an  inch,  and  at  Vicksburg 
none  at  all.  Along  the  Atlantic  States  there  has  also  been  rain, 
tbongh  the  total  rainlall  is  small,  being  in  general  considerably 
Imbb  than  an  inch. 

UalMttM.  Taais.— There  has  been  an  unusually  severe  storm 
here  this  week,  it  ha^-!ng  rained  heavily  on  four  days.  This 
stonu  extended  over  a  wide  surface,  and  what  little  of  unpicked 
eotton  remained  haa  been  mostly  destroyed.  The  roads  are 
wretched,  and  waggoning  Is  suspended.  When  the  depot 
aecumuUtlons  have  been  cleared  off.  r«cetpto  will  be  very  light 
for  a  while.  Picking  is  now  virtually  finished  in  Tuxas.  The 
raiafall  lor  tit*  week  haa  been  six  iocbes  and  forty  one  hun- 
dredths, and  the  thermometer  lias  averaged  62,  the  highest  being 
73.  and  the  lowest  4». 

Indianota,  7Vm»— We  Iiave  had  five  days  of  hard  rain,  with  a 
rainfall  of  three  inehea  and  forty-six  hoodredtka.  The  roads  are 
DOW  bad.  and  the  rannant  of  the  crop,  still  napicked,  has  lieon 
■taeh  injured.  The  thermometer  haa  averaged  63,  the  highest 
being  74,  and  the  lowest  49. 

Cbntewi.  TaaM.— Too  luuch  rain  here.  Three  days  this  week 
It  raiaad  heavily,  the  rainfall  being  thvaa  laehrsa  and  thirty  nine 
handredths.  The  storm  haa  Interfefed  with  the  pickiDg,  b«t 
then  waa  vary  little  left  to  ba  done.  The  roada  are  bad.  The 
ihermoiDeter  haa  averaged  5?,  the  highest  being  71  and  the 
IowkmSS. 

IhBt*,  T(uai.—ll  haa  ninad  here  severely  three  days  this 
waek.  Th*  unpicked  cotton  is  destroyed,  and  the  roads  are  Ini- 
pMwble.  TV  raintell  haa  bees  three  taehaa  and  thlrty-flve  hun- 
dredth*, aad  ike  thewa omHer  has  averaged  64,  the  highest  being 
68  and  tke  lowest  39. 

Jf«it  OrUaiu,  ZffvMoiMi.— Itiained  kacsoDe  day  the  |«|it  week, 
tks  raiafkll  reaching  twnty-Sve  hnadicdths  of  an  inch.  The 
tlMCMomatar  haa  aveiagrd  97. 

iknwptrt,  L»uidana.—\\  was  laiay  Tnewlay,  Thursday  aai 
Tbmsday  atglit,  and  ihcra  was  a  frost  Friday,  Saturday  and 
flnnday  Uat.  There  ia  no  falling  off  In  receinu  The  rainfall 
for  the  week  is  six  inches  and  aixtystx  hundredths.  Average 
thennoneter  S6,  highest  77  and  lownt  30. 

FitMMff.  Mi»dmippi.—\Vt,  have  had  no  rain  here  a'.l  the 
week.  The  thermometer  has  averaged  M,  the  highest  being  71 
■ad  the  lowtnt  »<. 

OMMWtlli,  Mi»d*iippi.—\\'u  have  had  wanii,  sultry,  wet 
rnmUhmt  tke  pest  week.  Earlj  In  the  week  it  was  clear  and 
pleasant,  bat  hiier  it  waa  rainy,  the  raiafall  for  the  week  r«eek> 
lag  a  total  of  aevenly-hundredths  of  an  inch.  Average  thermom- 
xter  for  llie  week  S8,  highest  73  and  lowest  41. 

LUUt  Roth,  Arlmmm*.—  Oiu  telegnun  from  this  point  has 
failed  to  reach  us.  • 

Jffla/MS*.  y>)HHissf.— It  haa  been  rainy  on  two  daya  this  week, 
and  fhfif«  ia  a  very  heavy  and  general  rain  now  failing;.  Total 
rainhll  for  the  week  ninety-two  hnadredths  of  an  Inch.  Average 
thermomeler  45,  highest  TA  and  lowest  M. 

Mtmpkit.  TVnn^MM.— It  rained  bare  three  days  the  |>ast  week, 
the  rainfall  reaching  one  Inch  and  forty-ooe  handredths.  The 
rtn  nf  the  week  was  elondy.  The  thermoMeler  has  averaged  40, 
the  kighast  being  M  and  the  loweat  40.  Pbwtem  are  arndiag 
tflssir  mof  to  market  with  aaosoal  freedom. 

MMU,  JUabama—TUt!  early  (lart  of  this  week  the  weather  was 
clear  and  pleasant,  but  there  were  three  days  on  wliirh  we  had 
rain  the  latter  part  of  the  week,  tlie  rainfall' reaehinjr  a  total  nf 
(ortT  thi«e  kaadfwdths  of  aa  lach.  Average  theiuiomcter  M. 
hUheet7lM41eiNakaO.  ^ 

Mmtt«mtrw,  AUb»ma.— Then  were  two  rainy  days  here  the 


peat  week,  the  ralufall   reaching  eighty-four   hnndmllha  of  an 
indl.     Average  Ihennmneter  SI,  highest  73  and  lowest  £{. 
a*a«,  iMsiswa,— We  had  one  rainy  day  here  the  past  week, 


The 


k*  raiaCall  wachlag  seveBty-flva  hundredtlia  of  an  inch, 
hcnaoiBeier  has  aTeraced  43. 

MiUk$m,  Fbrid».—Onr  telegram  from  this  point  has  failjd  to 
reach  ns. 

JTMfN,    Ossryfa-— We  have  aot  nwaiTed  our  nsual    Maeoo 
telegram  this  week- 

AUantm,  Ossryio.— Exceptlag  one  day,  which,  was  ahowery, 


the  weather  the  past  week  has  been  cold  aud  dry.  Tlie  tl.er- 
mometer  has  averaged  4o,  the  extremes  being  Vi  and  60.  The 
rainfall  reached  twelvehundredths  of  an  inch.  About  three- 
quarters  of  the  crop  has  been  marketed. 

Coivmbtu,  Oeorma. — We  liad  one  rainy  day  here  the  past  Week, 
the  rainfall  reaching  fifty-three  hundredths  of  an  inch.  The 
thermometer  has  averaged  56,  the  highest  being  73  and  the 
loweat  22. 

Bmannah,  Oeorgia. — There  has  been  rain  on  one  day  here,witU 
a  rainfall  of  tweoty-hundredths  of  an  ioch.  The  rest  of  the  week 
was  pleasant,  except  that  it  was  very  cold  early  in  the  week. 
The  thermometer  has  averaged  62,  the  extremes  being  25  and  79. 

Auffutla.   Oeorgia. — The   weather  the    past    week    has    been 

Sisant.     There  has  been  only  one  light  rain,  the  rainlall  reacli- 
ooe-tenth  of  an  inch.     Average  thermometer  48,  highest  7)i 
lowest  21. 
Charluton,  South  Carolina. — We  had  rain  on  one  day  hero  this 
week,  and  ice  formed  two  days.      The  thermometer  has  ranged 
from  25  to  74,  averaging  52.      The    rainfall  reached  thirty-one 
hundredths  of  an  inch. 

The  following  statement  we  have  also  received  by  telegraph 
showing  the  height  ot  the  rivers  at  the  points  named  at  3  o'clock 
Dee.  33.  We  give  last  year's  figures  (Dec.  24,  1874)  for  com- 
parison. 

^Dec.  S3,  "TS-,      ^Dec.  »4,  '7<.-, 
•  Fret.       Inch.         Feet.        Inch. 

N«wOrlMBS..B«lowhi4{h.waterm*rk 11  1  16  5 

Memphla Abora  low-watac  mark It  4  4  11 

I(**hTlllc..,..AboTelow-wtter  mark 8  6  IS  11 

Bhmeport. . . .  AboTc  low-wtier  mark )*  1|  10  a 

VIeiubari  ...Above low-water  mark 11  10  7  t 

Kew  Orleans  reported  below  high-water  mark  of  1871  until 
Sept.  9,  1874,  when  the  zero  of  gauge  was  changed  to  high- water 
mark  of  April  15  and  16,  1U74,  which  is  O-lOths  of  a  foot  abore 
1871,  or  16-feet  above  low- water  mark  at  that  iK>int. 

Gt'KKY  Bags,  BAOOOra,  Etc. — The  market  for  bagging  during 
the  past  week  has  been  quiet,  and  but  small  sales  are  making. 
Holders,  however,  do  not  seem  inclined  to  shade  their  figures,  as 
the  stock  is  reduced  to  a  very  small  amount,  and  the  raw  mate- 
riai  has  been  advanced  In  price.  At  the  close  quotations  are 
steady  at  'l2K<$13c.  lUles  are  quiet  and  nominal.  Butts  have 
been  quiet  on  the  spot,  owini;  to  small  stock,  but  prices  rule 
firm.  To  arrive,  a  fair  trade  is  doing,  and  we  hear  of  ««le.s  of 
600  bake  in  Boston  at  3  5-16@3{c.,  and  here  1,000  bales  at  2jc.. 

Eld,  eaah,  8,500  bales  at  Sfc.,  and  at  the  close  we  hear  of  1,000 
les  at  8|c.,  gold,  cash,  the  last  two  lots  being  for  January  and 
February  shipment,  the  ma^et  closing  st^dy  at  the  latter 
figure. 

"OvXRUiiiii  diuVKME.ST  TO  NOVEMBER  30. — Through  the  kind- 
aeas  of  Bamael  II.  Buck,  Secretary  of  the  National  Cotton 
Exchange  at  New  Orleans,  we  have  received  their  statement  of 
tke  overland  movement,  made  up  to  November  30,  which  is  as 
lollowa: 


oSlSt: 


tmn  St.  Loola  during  quarter  codlnc  SOlh  NovsmlMr. 


North  sotMS  Klaalatlppi  River  at  Haanlbol 

"     fnsi  Oiaad  Tower  and  Carbondale.  .  .... 

**  ■*     ftooiCalro  tU  Cairo  A  VlDcennea  Railroad 

"  "     rreaOalroxlallllnola  Central  Railroad 

"  ■*     rrosi  BTanaTllla  tU  Kvaaartlle  *  CrawfotdMllle  KU  . . . 

"     from  LoalarlllaTU  Ohio  AMlaalaalpplBUIrnad 

"  froa  LoalSTllla  via  JeflbrMar.  Madlaoa  A  lad.  Railroad. 

*■  -■      from  Loalarllle  Tla  L.  O.  ft  Lexlnxton  Railroad 

Bsoslpta  at  Cincinnati  br  river 

"-•       '  to  ttUM  adjacent  to  river,  ool  Indadrd  above 


TJ.JOS 
ItfiOO 
None 
14,IS1 
S,01« 
138 
a>,S18 

n,8ȣ 

11,8  >8 
11.7  1 
1,470 


Total  

Las  reeotpu  fien  New  Orleoaa  at  Ht.  Loot* 
■■    ihlroad  from  QOrote  8t.  lyonla 


rrOM  Itsw  Oltaooa  via  Cairo  .     .. 
fr«a  Wew  Orioana  via  LoolivlUe. 

from  Mobile  via  I<aalsTllle 

"      ftenSt-Loala  to  Loalarille 

racalved  at  Cairo  from  New  Orleans 


M(,iei 

10 

T8 

414 

I.OU 

ii.«;i 

74 

48— 13,4t7 

Mat  total  eanrl«dov«rland....! tt^TIS 

Dodset  ov«lnd  rsesfpt*  at— 

NtwTork 34,4n 

Bastsn ]ft.8ll 

ProvMeaee 3,«I9 

I'bllsdWpbU lt.170 

nslttoore t,t»l 

PolaU  Id  Caaoda.  ..  44»-«a,Ml 

1M,747 
BhIpBMats  direct  to  mllla.  according  to  elatemcat  of  rallrooda  croMlni; 
the  Ohio  aad  Mlosiaslppi  river*.  Ac.,  daring  qnarter 81,819 

Laavlag  la  tranalt  overland  to  Xaatem  dellverv  porta  at  dosa  of  No- 
vmI^  1S7B,  and  atock  at  Cincinnati B4,»U 

.  It  «ni  be  nmambered  that  the  total  overland  given  for  Sep- 
tember was  13,204  bales,  against  a  total  for  September  and  Octo- 
ber of  67,127  bales,  making  the  October  movement  to  have  been 
54,093  bales.  Now  we  have  a  total  for  the  three  months  to  Nov. 
80  o<  986,788  bales,  making  the  November  movement  168,011 


LnrxRPOOL,  Dee.  24.-4:30  P.  M.— Br  Cablb  from  LnrxR- 
POOL. — The  market  haa  ruled  quiet  and  ateady  to-dav.  Sales 
of  the  day  were  8,000  bales,  of  which  1,000  bales  'were  for 
export  and  speoalation.  Of  to-day's  sales  5,000  bales  were 
American.     The  weekly  movement  ia  given  aa  follows  : 

Dec.  1.  Dec.  10.  Dec.  17.  Dsc.  84. 

■alas  of  the  weak bales.  70.000  70.000  81,000  tS.OOO 

Forwarded 11,000  14.000  11,000  13.000 

of  whlehaxportorstook. 9,000  8.000  9,000  4,000 

of  which  apecalatora  took. 4.000  B,0P0  7.000  S,000 

ToUl  stock 900,000  484,000  48*,000  tM,U00 

or  which  American ltt.000  1M,000  1*5,000  (30,000 

Total  Import  of  the  waek 4S.U00  00,000  8t,000  118.000 

of  which  Amerieao tT.OOO  41,000  S0,000  100,000 

Aetaolazport 10,000  •,000  7,00b  8,000 

Aaioaatofloat ia*,ll00  408.000  4M,000  374,000 

of  wklcb  AmsrlcaB. W.OOO  SM.OOO  8I7,«00  190,000 


618 


THE   CHRONICLR 


[December  25,  1875. 


BaTDBDiT.— Jan.-Feb.  shipment  fro«(i  Bar.  or  Chas.,  Low  Mid.  clause,  by 
sail.  If  required.  8J<d. 
Dec-Jan.  sbipment  from  New  (means,  Low  Mid.  clause,  by  sail.   If 

required,  7d. 
March-April  delivery  from  Bav.  or  Chas.,  Low  Mid.  clause,  li%A. 
April-May  delivery  from  Sav.  or  Chas,,  Low  Mii.  danse,  6  '5*16d. 
MOMDAT.— November  etiipmeiit  from  Sav.  or  Chat).,  6  19-lfid. 

Jan.-Feb.  shipment  from  Sav.  or  Chas.,  Low  Hid.  clause,   by  sail,   If 

required,  Cjid. 
Jan.-Feb.  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause.  6  13-16d. 
Feb.-Marcb  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause.  6  13-16d. 
TotsDAT.— Jan.-Feb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail. 
If  required.  6Kd. 
Jau.-Feb.  shipment  from  New  Orleans,  Low  Mid.  clause,  by  sail.  If 

required,  7d. 
Jan.-Feb.  delivery  from  Sav.  or  Chas,  Low  Mid.  clans*,   offered  at 

6  lS-16d. 
November  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail.  If 
required,  6  13-16d. 
TbefollowluK  table  will  show  the  daily  cioBlnj;  prices  of  cotton  for  the  week 
Spol.       Satur.        Mon.         Tues.         Wednes.         Thurs.  Frl. 

Mid.  Upl'ds.  ..©7  ..®7  ..&^        .  ©6  15-16  ..(^0  15-16  ..©6-15-16 

do    Orl'ns.  ..®7X        .■(Sl^)i        --laTJIf     ..©7  3-16     ..©7  3-16    ..©7  »-16 

FtUuret. 
Wkumbsdat. — Nov.-Dec.    shipment  from   Sav.  or   Chas.,  Low  Mid.  clause, 
6  13-16d. 
Dec. -Jan.  sbipment  from  Sav.  or  Chas.,  Low  Mid.  planse,  by  sail,  if 
required,  6  13-16d.  bid. 
THtJBSDAT.— April-May  delivery  fiom  Sav.  or  Chas.,  Low  Mid.  clause,  6j<d. 
Nov.  shipment  from  Sav.  or  Chas..  Low  Mid  clause,  6  13-I6d. 
Dec -Jan.  sl.ipraent  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  I3-:nd. 
March-April  delivery  from  New  Orleans.  Low  Mid.  clause,  6  15-16d. 
May-June  delivery  from  Sav.  or  Clias.,  Low  Mid.  clause,  6  15-16d. 
Friday.— Jan.-Feb.  shipment  from  New  Orleans,  Low  Mid.  clauHe,  6  1.5-16d. 
Nov.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  13-I6d. 
Dec-Jan.  sbipment  from  Sav.  or  Chaa.,  Low  Mid.  clause,  6  I3.16d. 

The  Exports  of  Cotton  from  New  York,  this  week,  show  a 
decrease,  as  compared  with  last  week,  the  total  reaching  14,356 
bales,  against  18,900  bales  last  week.  Below  we  give  our  usual 
table  showing  the  exports  of  cotton  from  New  York,  and  their 
direction,  for  each  of  the  last  four  weeks;  also  the  total  exports 
and  direction  since  Sept.  1,  1875;  and  in  the  last  column  the  total 
lor  the  same  perioo  of  the  previous  year. 

Exports  of  CottonC bales)  tyom  Neiv  York  since  M«pt.l|  1875 


WBSK 

ENDrNS 

Total 

to 
date. 

Same 

Dec 
1. 

Dec. 
8. 

Dec 
15. 

Dec 
22. 

prev'us 
year. 

Liverpool    

11,450 

11,656 

18,300 

11,631 

160.556 
1,444 

151,701 

Other  British  PorU 

Total  to  Gt.  Britain 

Havre   

11,450 
225 

11,656 

18,300 

11,631 

162,000 
1,608 

151,701 
3,147 

Other  French  ports 

225 
1,684 
'870 

675 
286 
600 

500 
100 

5,725 

1,608 

7.402 
U,405 

3,147 

Bremen  and  Hanover 

8,860 
13,084 

7t0 

Total  to  N.  Europe, 

Spaln,Oporto*aibraltar&c 
Ailothers 

2,454 

1,561 

600 

2,785 

34,615 
'350 

22,691 
10 

Total  Spain,  See 

.... 

350 

10 

Orand  Total 

14,129 

13,217 

18,900 

14,3f6 

193,573 

177,552 

The  following  are  the  receipts  of  cotton  at  New  York,  Boston, 
Philadelphia  and  Baltimore  for  the  last  week,  and  since  Sept.  1,  '73 ; 


■■ob'ts  ntou- 

NKW  TOBK. 

SOSTON. 

phii.adelp'ia|| 

This 
week. 

Since 
Sept.  1. 

This 
week. 

Since 
Sept.1. 

186 

:i',299 

"280 

28,8H 

35  ('99 

8C,532 

4 

This 
week. 

'966 
l',.368 

Since 

Sept.l. 

loiisi 

New  Orleans.. 

4,071 
3,627 
3,720 

252 
4.088 
2,481 
11,229 

110 
9,336 

62,238 
40,927 
51,950 

4'.4a<l 
56,224 
29,821 
118,248 

6,34 
61.005 

1,360 

898 

'm 
aiii 

8,985 
2,734 

Savannah 

Mobile 

Florida 

8'th  Carolina 
N'th  Carolina. 

Virginia 

North'rn  Ports 
Tennessee,  Ac 
Foreign 

ToUlthlsyear 

3.S,904 

435,523 
413,113 

10,608 

96,164 

2,268    19,947 
1,693    27,.35-3 

Total  last  year.l     25.038 

!  11,704 

111,904 

BALTIUOBB. 


This 
week. 


255 


294 

863 

1,912 

'il8 


Since 
Sept.l 


8,699 


7,698 
11,251 
33,179 

2,367 


8,442 

6, 


63,197 
62,140 


Shipping  News. — The  exports  of  cotton  from  the  United 
States  the  past  week,  as  per  latest  mail  returns,  have  reached 
128  303  bales.  So  far  as  the  Southern  ports  are  concerned,  these 
are  the  same  exports  reported  by  telegraph,  and  published  in 
The  Chronicle  last  Friday.  With  regard  to  New  York,  we 
include  the  manifests  of  all  vessels  cleared  up  to  'Wednesday 
night  of  this  week. 

Total  bales. 

Kew  Tobk— To  Liverpool,  per  steamers  Russia,  519 England,  2,082 

....Baltic,  1,374.... City  Of  Richmond,   1,167 Wisconsin,  3,710 

per  ship  Woodburn,  2.236 per  bark  Qrasmere,  493 11,631 

To  Bremen,  per  steamer  Oder,  l,2d9 per  ship  William   Wood- 
bury, 1.456 2,725 

Nbw  Orluans— To  Liverpool,  per  steamers  Dominion,    5.836 Cor- 
dova, 3,200.... Francoll.  1,873.... per  ships  Lizzie  Burrlll,  3,981.... 

China,  3,807 per  bark  Granton,  1.089 : 19,786 

To  Grimsby,  per  steamer  Dhoolln,  5,800 6  800 

To  Havre,  per  ships  Beethoven,  3,010 Hercules,  8,655 Coronet, 

2,642  ..  La   Loulsliine,    3,956 per   barks   Reformer,    8,555.  .. 

Tancred,  1,685 Danube,  1,868  ...Enterprise  II.,  2,0!3 22  292 

To  Bremen,  per  bark  Frigga,  860 8f,0 

To  Antwerp,  per  bark  Frank  Marlon,  2,058 S  05fi 

To  Gothenburg,  per  brig  Zefyr,  630 'b3q 

To  Barcelona,  per  bark  Trcs  Doroteas,  711 711 

To  Genoa,  per  barks  Niord,  842. ..  ,Bbenezer,  1,700..., Saga,  1,849..!    4,391 


To  Vera  Cruz,  per  steamer  City  of  Havana,  1,626 

MoBiLi— To  Cork  or  Falmou'h  for  orders,  per  bark  Nantick,  1,010  

To  Barcelona,  per  brig  Florence,  I.l  10 

CUAaLEsTUM— To  Liverpool,  per  nhip  Algoma,  4  081   Upland  and  200 

Sea  Island per  bark  .Vdella  Carleton,  1,094  Upland per  brig 

Charlotte,  916  Upland  and  59  Sea  Island 

To  Havre,  per  barks  Alice  Kay,  2,020  Upland  and  166  Sea  Island. . 

Arcadia.  2,590  Upland  ...Leone,  1,400  Upland 

To  Barcelona,  per  steamer  Maria,  1,800  Upland 

Savannah— To  Llvernool.  per  ship  Valley  Frr^e,  8,943  Upland  and  l.« 

Sea  Island.... per  bark  Hypatia,  2,238  Upland per  brig  Aurora. 

IHMlUpland 

To  Havre,  per  bark  Orion,  2.068  Upland  and  8J  Sea  Island 

To  Barcelona,  per  brig  San  Jose,  6110  Upland  

To  Palma  de  Majorca,  per  bark  Aurora,  20  Uland        

To  Genoa,  per  brig  Robert  Dillon.  1,3 J5  Upland 

TitXAs— To  Liverpool,  per  ships  A.  F.  Mtoneman,  3.319 Lizzie  Ross, 

.3.4U3       Ctlcdonia,  3,627.... per  bark  Magda,  671 per  schooner 

H.W.Foster,    1,490 

To  Cork  for  orders,  per  bark  Enrique,  1,814 

To  Havre,  per  brg  Bilia,  1,035 

ToRotlerdam,  per  bark  Eva  H.  Fisk.  1,5«0 

WiLmNOTON— To  Liverpool,  per  bark  Vonderheydt,  1,882 '. 

To  Hamburg,  per  bark  Carl  Gerhard,  1,23^ 

NoBFOLK— To  Liverpool,  per  ship   Alice  D.  Cooper,  4,640  ...per  brig 

Narasota.  1.204 

Baltimohe— To  Bremen,  per  steamer  Leipzig,  627 .* 

Boston— To  Liverpool,  per  steamer  Atlas,  325 ,,[ 

PuiLADELPHiA — To  Liverpool,  per  Steamer  Indiana,  618 .' 

San  Fbancisco — To  Hamburg,  per  bark  Hilda  Maria,  41 ,,,', 


1,626 
1,010 
1,110 


7,340 

6,176 
1,800 


7,218 

600 

80 

1,3(6 


19,600 
1,844 
1,035 
1.S60 
1,382 
1,226 

5,644 
627 
3'4-. 
613 
41 


ToUl 128,803 

The  particulars  of  these  shipments,  arranged  in  oar  usual  form, 
are  as  follows ; 


Llver- 


Grlms- 


Ant-  Barce- 


Vera 


New  York 11,681 

New  Orleans 19,786 

Mobile... 

Charleston 7,340 

Savannah 7.213 

Texas 12,600 

Wilmington 1,382 

Norf.lk 5,844 

Baltimore 

Boston 325 

Philadelphia 613 

San  Francisco 


pool.  Cork.     by.  Havre,  werp.  lona.  Genoa.  Cruz.  Total- 


1,010 


1,844 


5,800  22.282  2,058 

6;i76  ;.".'.' 

2,108  .... 

1.085  .... 


711 
1,110 
1,800 

600 


4,391    1,626 


1,-325 


14,3.56 

58,1.54 

2.120 

13,316 

11,200 

17,0.39 

2,698 

5,844 

627 

825 

618 

41 


Total 66,734    2,854    6,800  31,685    2,058    4,221    5,716    1,626  128,303 

Included  in  the  above  totals  are,  from  New  York,  2,725  bales  to  Bremen 
from  New  Orleans  S'iO  bales  to  Bremen  and  630  to  Gothenburg;  from  Savan- 
nah 20  bales  to  Palma  de  Majorca;  from  Texas  1,560  bales  to  Rotterdam;  from 
Wilmington  1.226  bales  to  Hamburg;  from  Baltimore  627  bales  to  Bremen; 
from  San  Fraucisco  41  bales  to  Hamburg. 

Below  we  give  all  news  received  to  date  of  disasters,  Sic,  to 
vessels  carryi  ag  cotton  from  United  States  ports  : 

AHEBiQire,  str.  (Fr.),  Pouzols,  from  New  York  Nov.  13  for  Havre,  before  report 
ed  fallen  in  with  Nov.  21  with  shaft  broken,  was  towed  into  (ineenstown 
Dec.  18  by  steamship  Ville  de  Brest  (Fr.),  having  been  fallen  in  with  on 
the  3d,  In  lat.  50,  Ion.  18.    The  A.  will  be  docked  at  Queenstown. 

Parana,  str.  (Br.),  Waring,  from  Boston  for  Liverpool,  arrived  at  Queenstown 
Dec.  16,  short  of  coal  and  with  foremast  gone. 

Vadekland,  str.  Belg.),  Randie,  from  Philadelphia  for  Antwerp,  went  ashore 
in  the  Scheldt  Dec.  17,  but  came  off  18th  and  arrived  at  Antwer  >  A.M.  of 
that  day.  Another  report  says  that  she  was  detained  In  the  Scheldt  by 
a  very  low  tide. 

D.  H.  Bu.1.*,  bark.  Penny,  from  New  Orleans  for  Havre,  before  reported  as 
having  put  into  Key  West  9  P.  M.  Dec.  8,  leaky,  was  discharging  on  the 
16th  for  repairs. 

U.  S.  Pike,  str,.  from  Bayou  Sara  at  New  Orleans  Dec.  16,  with  997  bales  cot- 
ton, took  fire  at  footof  Canal  street,  and  burned  to  the  water's  edge  with 
balance  of  cargo,  after  about  160  bales  had  been  discharged. 

Cotton  freights  the  past  week  have  been  as  follows  : 


-Liverpool. ,    . — Havre.- 


-Bremen.- 


Saturday. . . 

Monday 

Tuesday... 
Wednesday 
Thursday.. 
Friday.  ... 
Market  steady. 


Steam.  Sail, 

d.  d. 

>i®7-16  .  .©11-31 
?,'@7-16  ®ll-32 
..©7-16  5-16@ll-32 
.  ©7-16  5-16@ll-32 
..@7-:6  5-16@ll-.3» 
..©7-16  5-lti@ll-32 


-Hamburg.- 


Steam.  Sail.     Steam.     SaU.    Steam.    Sail 


■  ■@% 

■  .®% 

..©;< 

■  ■&'A 

■  ■<&% 


1  comp. 
1  comp. 
1  comp. 
1  comp. 
1  comp. 
1  comp. 


11-16  1  comp. 

11-16  1  comp. 

11-16  1  comp. 

11-16  1  comp. 

11-16  1  comp. 

11-16  1  comp. 


BRE  ADSTUFFS. 

• 

Fbidat.  p.  M..  December  24,  1875 
The  flour  market  has  been  very  dull  all  the  past  week  and 
prices  have  generally  favored  buyers,  and  yet  no  reduction  of 
moment  can  be  made  in  quotations.  The  feeling  has  been  one  of 
stagnation  rather  than  depression.  With  light  receipts  and  a 
reduced  production,  incident  to  the  relatively  higher  values  of 
wheat,  there  has  been  no  great  pressure  to  sell,  while  shippers 
have  been  deterred  from  making  bids  by  the  decline  in  gold  and 
the  scarcity  and  high  rates  of  ocean  freights.  To-day,  busines.'i 
was  almost  at  a  standstill. 

Wheat  has  scarcely  varied  in  the  whole  week.  Tliere  has  been 
but  a  limited  demand,  whether  for  export  or  consumption,  and 
likewise  a  conspicuous  absence  of  any  pressure  to  sell.  The  ex- 
port demand  has  been  mainly  for  the  lowest  grades  of  Spring 
wheat,  at  %\@l  li2,  and  the  better  qualities  of  red  and  amber  Win- 
ter at  $1  30@1  87.  Receipts  are  only  moderate  at  all  points,  but 
our  visible  supply  continues  to  show  an  accumulation.  Foreign 
advices  have  been  rather  more  favorable  to  holders,  but  they  have 
been  fully  counterbalanced  by  the  course  of  ocean  freights  and 
of  gold  and  exchange.  To-day,  there  were  no  transactioDs  o( 
any  moment. 


December  25,  1875.] 


THE   CHEONICLE 


619 


Indiaa  com  ku  declined  coiuider»bly.  The  auppUea  of  new 
hkve  been  moie  liberal  and  trade  dull.  With  a  decline  in  foreign 
marketa,  ocean  frelgkta  firm  and  adrandng,  and  gold  and  exchange 
declining,  there  haa  been  no  alternative  for  sellera  bot  to  accept 
lower  pricea.  The  better  qaalitiea  of  New  Western  have  bfi«n 
moat  in  favor  with  bavers,  at  67@70e.  for  mixed  and  yellow,  but 
ali  gradea  have  ahared  in  thedeellne.  Todaj,  there  waa  a  further 
decline,  with  a  good  bnsinefa  for  export. 

K/e  haa  been  alow  of  sale,  and  prices  are  nominally  aa  last 
qaoted.  Bailry  baa  Inen  doll  and  depreaaed,  and  qnotatiaos  are 
redneed  5  cents  per  boahel.  Barlej  malt  ia  also  lower.  Canada 
peas  have  been  selling  in  small  lots  at  lower  piicee,  aad  close 
onaettlrd.  Oata  were  higher  early  in  the  week,  but  have  latterly 
favored  boyera,  and  yeaterday  considerable  linea  of  No.  8  Chicago 
were  dosed  oat  at  481e.  To-day  the  market  waa  quiet  and 
unchanged. 


JTLOIFB. 

Jio.t •.bbl.{S409  4  10 

taperla*  Biats  *  wmi- 


4  6S 


•  75 


Ixtn8ut«,*c 8 

Weatara  Bprlaf  Wkast 

•xuai 4 

doXXandXZX B 

do  wlBler  wheat  X  sod 

XX SOOa  815 

OtyskipplBc  urn*..  ..  3  lt#  •  10 
caty    trad*  aad  faallT 

knads aaSTTS 

•oatbeiabakars'aad  fa- 

■llyDiaads     7  OOa  t  B 

•oalfearaaklpp'festras..  5  taS  (  7S 

Brsaan,soidUe SOoZtw 

Oonaeal— Wssten,  Ac.  8  U  1 10 

Com  neal— Br'win*.  *e.  3  (06  *  00 


9*AIM. 

Wheat— Ho.tsprlng,bnsh4l  07( 
Ao.  <  sprlac 1  Mj 


No.  I  tj^Dg . 

Bed  W(Mt«m 

Aabar  do 

White 

Com-WMtera  sUzsd . 

White  Wasters 

Yellow  Waatara 

Bja 

Uats— Xlzad 

WUU    

Barley— Canada  Wast. 

State,  S-rowrd 

Stata,  4-rowad 

Bartax  Ifalt— Stau  .    .. 


1  li 

1  as 
1  at 

i  IB 

1  n 

I  31 

■n 

15 

n 

M 

*» 
U 

I  ts 

«s 

lOBA  1  li 

1  tn»  1  e 

1  ao  I  K 
I  Ma  I  •> 


The 
Iowa : 


movement 


Fcaa— Cansd* ,  heed  A  tt. 
la  bra«<latn8a  at  ibia  market  haa  been  aa  fol 


I4T  >sw  Toaa. — 

. Un. .       since 

rorthc  Staca  Jan. 
week.  Jaa.  1.  1.  !*t4. 
n>u.  kbi*.  tlXMS  ISia^fiS  lMt,*tt 
O.  Baal, " .  «,MI  ia,IM  173,07 
Wh««t.tMU.  4MLta  aj>).t34  l).7«.«13 
OOTB.  .    tt«.IM  M^IM^TOS  IMMJII 

if.  " .  tjM  aooint  amjmt 
Barlar.  -  .  atk«(  4,«M,«B  t.iaMa 
Uau  ...-  .    IC1,*1«  IP,tU,U4  IO,TUCt(i 


>— BzroBTS  raoa  «Bw  reas. . 

. 1878. .    , 1874 

For  th*     SiBca  For  tha      Slacc 

weak.     Jaa.  1.  waak.      Jan.  1. 

7l,4t7    1,*«MK  tl,a*«    i,IM,WI 

i,4*t     nM«i  MOO     m.tm 

tOOllaB  iS,tnL»4  40<.ti«  »«JMll04 

«n.to«  itjmjm  noiMr  tMSjsi 

>,7«i     iat.nB  ....     Mi.««i 

uo  «o       ^loa 

801       tR.SH  tTtO       ltS,88l 


The  followlnj;  Ubiea  ahow  tba  Qrmia  ia  alght  and  the  aiov*. 
meat  of  BreadstuOa  to  tha  lateat  mall  dates. 

KaCKim  AT  L.iKB  KUD  BITKB  POMTi  fOK  THB  WBX«  MIOIMa 
IWU.  18.  ISTS.  AXD  FBOM  AVSCaT  1  TO  DBC.  18 : 


Fioar.     Wbaai.        Cora. 

Oats. 

Barlar, 

Rra, 

bKa       kMk.          taMk. 

kwh. 

baalC 

b^ 

<'2»J>  ft»^     ^»»J) 

^•tai«"i!Kii 

Hllaaakas 

Tola4«L 

Moao     anjai       T.tn 

KO        SI.MI         KISS 

^ 

turn 

Me* 

Datratt. 

([.m      80^104       4.in 

M<i 

tun 

Clavalsa* „  .. 

njM        7,0M>       8«.aot 

HdBi 

»•-  Loala « 

i*.4a!7      »,<••     tnni 

48.IM 

turn 

am 

Fanrta.    

1,100      wjan     UMio 

n,8B0 

toS 

4M0 

OalaU .. 

IMbL 

.     «B.*I4    IJT4,aM       r«l4«» 

in,»rr 

188,474 

tt,sa 

Ptevioas  weak. 

iiitot  i.Mijin     «Mura 

ItllW    l,a«C«8>      MlHl 

MUTU 

147,aa* 

tt.4t3 

0»fa«|"ac»eak.n« 

•«800 

18t,8H 

t7.«li 

•n 

iM.tm  umjm     4Hj»t 

8i>.Tn 

im,m 

fl,lt7 

•n 

•7.Mi      aSMW      8711407 

4ii.m 

140. 180 

asm 

M 

741437     mtjim  i.t«.iio 

t74^W 

'S2 

*^t«4 

*7» 

i».t7a    MT.in     au^tii 

uSm 

iiSi 

Total  Aa»  1  ledato 

.l.8tj,«0»21'!2  >"M™«  «4.«a,«M  4  8M.in    .t1<.4M 

Saaiallasa  m4.... 

t,444,<8S  MJIMM  IMH.MI  U.8M.U0  4.0ll,tW 

8a3.»44 

BaaaUiaa  1171.  ... 

ajwM^  stfiutt  tt.m.8a8  ii,8i8.4n  i,7u,i8t 

m.iia 

SaaaUBS  l«n... 

%t%.'.m  m,mM*  tT,MUH  ii,mmu  4^iT«.t7»  i,o:t;3U 

•CMSMIH. 

Sbiphrxt*  or  Plocr  xno  Ora»  from  lake  poru  for  the  past 
four  works  and  from  Jaa  1  to  Dae.  1 4,  laeloaive,  for  four  yar  n : 
neat,    Wkaai,       Uera,      Ua;s,     Barlar,       Rtc, 
bMi        >isk.        >tajh        baak.       kasb.       bias. 

i>«r  I*. '3... rixi     }Mjtm     tn^t     n».»t     t^t4l      t.tts 

n '^  II. '7\ liMn     M8wt<a     47ii«     isiia    tM,t«8     ujm 

l>«.    4.  Tt IMjm       87«.l(l       TII.MI       888,471       43,478         7,0M 

^'>'7^'7S I4l.a8l    MI1L178       S7»,4M       >M1U      tLUI       l«,JM 

Jan.  I  lodafa \ v«.v«  s>,48([,4u  48,iaM8T  it,a8aji74  tjmijm   tmjTn 

«<m«  I'raa  int  . . .     Mit.;08  M048JNI  48LMU88  IMBk.)*  t^SM  •,m,4«7 

Aanxilm*  l*:^ S.tlfl.MS  88waMIB7  «JSMH  81.8aM«  4,a8181*  ]J88.t80 

B^rn.  ',».  in-.d 4.a«a,808  IDI,7TI,aa«  88k8ai,a8t  18,(70,388  S.7tt.SI«  l.»0.8t4 

aiL-Ktrra  or  notra  Aiiooaaia  at  •■aboabo  roara  ron  tub 
wsaa  ajiDiao  dec.  19, 1879.  and  fron  injt.  1  to  okc.  18. 

Finer,     Wbaal,        Ooca,  Gala,        BanaT, 

Ai-  bMSL       buk.  baab.  boah.  '     ' 

NawTofk IBMOr      tfjm      l(B,IM  88,744 

Bnatno  4lL(7l  8,800      137,474  3i,80O 

Portlaad ,..     MUMO       10i800        18^880  3.'M 

1/BO  l,7ro 

18t,«0  44.100 

^  ^ ^. .-.„.     488jra      i«,no 

HcwOrtaaaa Hjm         .  .        M.v*       st.(84 

Trtai mjm    'iajm   "nCiM     ai,88B  Hj4t  ti,7S8 

FnTio.,.«Mk okMM    mu*»    im.m    tn,tm  njm  %m 

Cm.  ^~,ku aiaisao     «um     8si,48o     (sm*  I'M*  M04 

TofsiJas.  I iodau.i8n.7ii  es,»4k.ia» 84,8*3,317  i>.ga(,goo  tjmjr-0  4suis 

ftWM  Una  WM Ml»si.38l  Sl.4l«tn«  aa.7«4.3tO  I«.tn8,40i  *,8*9* 

HaiMtlMMina %»K»«  48^ «N  r..3»t,43S  (IJBI.OIt  8,881^1101,1 

~      ..  7,«»l,l!«H8U,M0  7l.7iS.n3«l.»ll.7J9   >,S«,«<     " 

,m  B|if>n,r  or  UaAtN.  eomprltloK  tha  atock  la 
'iota  of  aecamulatlon  at  lake  anri 
r  rail,  fmxca  in  on   the  New  York 


MUMO        101800 


*  Urn*  I  71. 

Taa  Vtsiai 
granary  at   t 
tbnard 


Wheat,  Com,  0«M,  Barley,  Rya, 

hnah.  bash.  baeh.  bu»h.  bnsb. 

to  store  It  Now  York 5,918,628  674.S1.1  1.189,60.$  268.149  OM.WJ 

[n  Mora  at  Albany    13,00)  6,0nO  48,000  »71,000  14,400 

In  atore  «t  BniWo 1.8i<,4ae  I50.17J  137.818  130.335  ».«• 

In  (tore  at  Chicago *,08S,il8  313,083  38»,7»8  SM,S5I  HO.^ 

(n  atora  at  Milwaukee 1,884,348  14,756  46,984  143,733  6,308 

In  ttore  »t  Dnloth 50,496  ....  ■■  •.••  .•"• 

In  store  at  Toledo 464.631  313.180  JU,S49  63.770  1,997 

In  store  at  Detroit 147,907  «8,0e5  46,066  38,659  .;_;_. 

In  »t«*  at  Oawego* 400.000  118,000  60,000  190.000  10,000 

In  atore  at  Bt.  Lonla 615.576  166,983  59,173  1C0.U5  35.811 

te  stora  St  Peoria 7,781  33,835  78654  4.938  96,1M 

In  atore  SI  Beaton 1,873  W,940  98,383  76,154  503 

In  atore  at  Toronto 311,U8  700  8,897  136k4frJ  J.SIO 

In  (tore  at  Montreal 415,060  35,171  9.687  16.530  ..„ 

In  Store  at  Philadelphia* 31^a00  370,000  110.000  65.000  10.500 

Instoreat  BAlUmore* 101,536  180.000  70.000  15.350  4,000 

RaU  ahlpfflenta 193.188  333.668  143.4*3  65.311  (.lit 

Lake  •hTpmenU  555.514  133.000  3S0.0C0  110,000  ._^ 

*Afl«at  New  Tark  barber 700,NO  18.tOD  190,000  478.000  16.000 

Total .16.f57.1U  3.743.136  3.141.784  2.477,837  463,393 

Dec.ll,  18T5 n,SBi,tn  3.049,833  8.567,077  «,6.7J,067  468,M« 

Dee.  19,  1874.  n,4«l,«l5  4,084,034  1,583,889  3,4«,77«  108,4U 

•  Estimstad. 


rd    por 
•M  oa 


oa  >iM>  laBTs,  i/c>^.  10, 1879: 


THE  DRY  O00D3  TRADE. 

FaiDAT.  P.  M..  Dec.  24,  1878. 
This  haa  been  a  very  qaiet  week  in  the  dry  goods  trade.  The 
heavy  purchases  of  brown,  bleached  and  colored  cottons,  made  by 
the  larger  jobtjers  within  the  last  few  weeks,  have  given  them  an 
ample  supply  of  these  goods,  and  they  have  not  extended  their 
operatioaa  to  other  cotton  fabrics.  The  smallor  jobbers  have 
booffht  a  few  goods  lor  immediate  aalea,  but  their  transsclions 
have  been  light  in  the  aggregate  amount.  The  clothing  and 
shirt  trade*  held  aloof  from  the  market,  aa  they  uaually  do  just 
before  the  holidaya,  and  their  pnrchaaea  were  atriotly  moderate^ 
Tha  export  trade  in  cotton  gooda  continues  on  a  limited  scale,  and 
the  shipments  oi  the  week  from  this  port  reached  387  package*, 
which  went  to  different  paru  of  the  world— the  largest  lot  of  177 
package*  having  been  sent  to  Venexuela.  The  jobbing  trade 
eontinaed  doll,  although  a  fair  distribution  o(  assorted  fabrica 
waa  Biad*  in  execution  of  ordera  frpm  different  parte  of  the  coun- 
try, aad  oa  the  whole  baiineaa  waa  as  good  as  could  reasonably 
be  expected  at  this  advanced  period  of  the  aeaaon. 

Domartc  Cottos  Ooods.— There  waa  a  steady  hand-to-mouth 
demaad  for  the  moat  staple  productions,  but  activity  was  lacking 
in  all  departments,  and  certain  deseriptiona  of  gnoda  have  already 
began  to  arcumulate.  Brown  theelinga,  corset  jeana  and  low 
grade  eotloa  flannels  were  relatively  more  active  than  any  other 
kinda  of  eottoa  goods,  and  were  firmly  held  at  current  quotations. 
Bleached  shirtings  dragged, and  there  was  a  good  deal  ol  pressure 
to  sell  outside  makes  at  a  ooueeaaion  from  former  holding  rate*, 
and  ia  tUa  way  a  few  conaiderable  sales  were  tffected,  bat  regular 
make*  remained  quiet.  Colored  cottons — dcnima,  tickings, 
Cheviot*,  stripe*,  oaoabiirga,  Ac. — were  ia  very  light  demand,  and 
there  waa  little  moveoieat  ia  rolled  Jaceoneta,  cambrics  or  sileslas. 
Grain  bags,  cotton  batts,  yams  and  twine*  were  severally  dull. 
Print  eloiha  continued  quiet,  and  prises  were  a  trifle  easirr, 
although  quotations  were  nominally  unchanged  at  4|e.  for  extra 
standard  64x44  cloths  in  stock.  Prints  in  new  plsid  styles  were 
in  steady  demand,  and  the  l>est  makes  are  closely  sold  up  to 
receipt*.  Fancy  prints  and  indifferent  styles  of  plaids  were 
closed  out  by  several  agents  st  irregular  prices,  but  the  best 
goods  were  firmly  held  at  Tie.  Robes  and  shirting  prints  were 
comparatively  quirt,  aad  the  demand  for  dark  gingham*  ha* 
almost  eea*ed. 

DOMRSTIC  WooLBX  Qooo*.— Tue  demand  for  men's  wear 
wooleas  baa  bona  ebiefly  rsstrieied  to  *mall  lots  of  low  and 
aediameassimere*,  which  were  taken  by  the  clothing  trade,  and 
still  smaller  selections  of  fine  easelmeres  sad  worsted  coatings, 
which  ware  made  by  joblMrs  who  do  an  early  Spring  trade.  Cloth* 
aad  doeekia*  remained  quiet,  and  there  was  little  demand  for 
overcoatings,  closklnga  or  repellents.  Printed  satinets,  in  low 
grades,  were  taken  in  fair  amounts  by  clothiers,  and  there  was  a 
modaiata  movemeut  in  Kentucky  jeans  by  means  of  slight  price 
eoans— inns.  Flannels  and  blankets  were  In  very  limited  request, 
and  ssleetioii*  were  confined  to  single  package  lots.  Dress  gooda 
movad  alowly,  but  agent*  who  felt  disposed  to  show  their  Spring 
style*  received  some  fair  orders  for  future  delivery.  Shawls  and 
•kirts  were  very  dull,  and  prices  of  many  makes  became  weak 
and  irrsgrnlar.  Wool  hosiery,  fancy  knit  goods,  and  shirts  and 
drawsn  were  very  quiet. 

FoRMOK  Dry  Ooods.— There  waa  a  very  slow  movement  ia 
all  deaeriptloaa  of  imported  fabriea,  aside  from  a  spasmodic  de> 
msnd  for  gooda  auitable  for  the  holiday  trade.  The  auction  sales 
ol  the  week  possewd  little  or  no  IntereKt,  and  the  leading 
auctioneers  have  dlacootiooeU  their  sales  for  tlie  aeaaon.     Sprioir 

fooda  are  coming  forward  alowly,  and  but  few  will  be  opened 
y  iaporter*  belof*  the  asiddle  of  next  ownth. 


620 


THE  CHRONICLE. 


[December  25,  1875 


Importationa  or  Drr  Goods. 

The  importations  ot  dry  ^oods  at  this  port  tor  the  weeli  ending 
Dec.  23,  1875,  and  the  oorrespondinfr  weeks  of  1874  and  1878 
have  been  as  follows : 

■HTSRID  FOB  OOItaOKmON  rOB  TBI   WBIK  IMmMS    DECEHBER  23,  1875: 


. 187»- 


MaDatactnres  of  wool 

do  cotton . 

do  ailk 

do  nax.. 


Mlacellaneona  dry  gooda.  304 


PkKa.  ValDe. 
204  1103,352 
Vi  »1« 
IS.OOS 
61.810 
71,648 


3«3 
155 
4«3 


Pkea. 
3IK 
370 
117 
.340 
SKI 


-1874 .        . 1875 . 


Valae. 
(168,182 
107,458 
81,799 
67,587 
is0,966 


Pkira. 

160 
236 
127 
293 
248 


Value. 

177.637 
62,303 
86,100 
68,121 
65,858 


BxportB  or  l^eadluK  Articles  from  Neiv  Y«rlt. 

The  following  table,  compiled  from  Custom  House  returnp, 
shows  ibe  exports  of  leading  articles  from  the  port  ot  New 
York  since  January  1,  1875,  to  all  the  principal  foreign  countrieo, 
and  also  the  totals  for  the  last  week, and  since  January  1.  The 
last  two  lines  show  totai  «a2ue«, including  the  value  of  all  other 
articles  besides  those  mentioned  in  tlie  table. 


»l  M  «  »  I  -  .o  ^ 


ToWl..- 


....1.291      t44l.6U      1,701      $493,970        1,069     (339,908 


wiTHDiuwH  raoa  wabbhoubb  abd  thkuwm  imto  thb  babkbt  dcbins  thb 
SAMB  pbbiod: 


Manaf actarea  of  wool  —  335 

do               cotton..  220 

do                ailk 74 

do                 flax 385 

Ulacellaneona  dry  goods.  413 

ToUl  1,427 

&dd  ent'd  for  conaampt'n  1,291 


$142,233 
74.451 
70,598 
79,146 
13,647 

$383,080 
443,644 


I'.H) 

66 

12 

231 

i-a 

735 
1,707 


$79,149 
18,658 
10,408 
49,5% 
16,371 

$174,122 
493,970 


1,069 


Total  thrown  upon  m'k't.  2,718     (826,721      2,4i:     $663,092      1,755 

BNTBBBD  rOB  WABBBOnaiBS  DOBIHa  aAXB  PBBIOD: 


Hanalactareaof  wool....  392  $243,214  268  $153,001 

do                   cotton..  210  55,629  246  87,535 

do                ailk 7*  69,367  49  32,524 

do                  flax 315  38,792  211  39,183 

UlBCeilanoona  dry  gooda.  852  27,868  70  7,258 


240 
193 


265 
133 


$534,415 

$111,208 
71,674 
65.947 
68,950 
41,366 


"    S 


•?    -    S          5                               -'I  -       -' 

"■5  f,^,»'.*~     ;So2n»--««QOoS>30M-5^*3«  •»     ■  O  fi.  o  CO  53^00  OO  WW^OO  tS  o, 

rtm_:_'^'«C    ■        t~»dr^       «SO"-h'             ,0        •Q®  '  0>"    '■^'-^"m"       —''S*        e-'v^       "2S 

1-1^              w—                      tfit~  to              ^     t-iin                  -^T* 

04                                                                              OS  '*'                                                   "•« 

of 


s 

00   • 

S  '• 

s 


Total     1,241      $4:14,867         844      $819,501  919      $359,145 

Add  ent'd  for  conanmpfn  1.291        44.1,644      1,707        493,970      1,069       339,908 


Total  entered  ai  the  port.  2,532     $878,511       2,631     $813,471       1,988     $699,063 
Imports  or  beadlnx  Articles. 

The  following  table,  compiled  from  Custom  House  returns 
shows  the  foreign  imports  of  leading  articles  at  this  port  since 
Jan.  1, 1875,  and  for  the  same  period  of  1874  : 

[The  quantity  is  given  in  packages  when  not  otherwiae  apecifled.] 


Since 
Jan.l.'75. 


Same 
time  1874 


China,   Glass  and 
Earthenware— 

China 

Earthenware.  . 

Glass 

Glassware 

Glass  plate 

Buttons 

Coal,  tons 

Oocoa,  bags.. 

Coffee,  bajjs 

Cotton,  bales 

Drugs,  Ac- 
Bark,  Pernvlan,. 

Blea.  powders.. 

Cochineal 

Cream  TarWr.. 

Gambler 

Gum,  Arabic... 

Indigo  

Madder 

Oils,  essential.. 

Oil,  Olive 

Opium 

Soda,  bi-carb.... 

Soda,  sal 

Soda  ash 

Flax  

Furs 

Gunny  cloth 

Hair 

Hemp,  bales 

Hides,  Ac- 
Bristles 

Hides,  dressed.. 

India  rubber 

Ivory 

Jewelry,  Ac- 
Jewelry  

Watches 

Linseed 

Molasses 


16,206 

37.221 

419,1,36 

33,67-,: 

9,219 

6.750 

61,057 

20,748 

1,668,612 

4.541 

33,201 
31.442 

5.667 

649 

14.84  i) 

5,513 

3,298| 
1.665] 

i,o-;8 

33,153 

1,U8S 

2-3,412 

54.607 

60,537 

7,700 

8,187 

1,423 

4,617 

110,8W 

1,545 

6,;u 

41,170 
2,974 

3,160 

796 

!i48.50J 

102,816 


14.850 

36,173 

392,173 

39,915 

8,46J 

6,640 

66,999 

24.ti53 

1,377,751 

3,699 

40,525 

29,890 

6,173 

1,»S0 

35,900 

5,89o 

3,670 

2,005 

959 

33,21(i 

1,568 

51,7V 

53,115 

54,380 

10,186 

7,347 

951 

4.466 

197,11,3 

1,465 

9,107 

55,132 

2,243 

3,262 

1,102 

985,5:30 

103,932 


Uetals,  Ac- 
Cutlery 

Hardwate 

Iron,  RK.  bars... 

Lead,  piga 

"     ■      ,TbB 


Since 
Jan.  1, '75, 


Spelter, 

Steel 

Tin,  boxes 

Tin  slabs, lbs... 

Rags 

Sugar,  hhds,  tcs.  A 

bbls 

Sugar,  bxs  A  bags 

Tea  

Tobacco 

Waste 

Wines,  Ac — 

Champagne,  bks. 

Wines 

Wool,  bales 

Artidet  reported  by 

vcUue- 

Cigars 

Corks 

Fancy  gooda 

Fish 

Fruits,  Ac- 
Lemons 

Oranges 

Nuts . 

Raisins . . 

Hldea.  undressed.. 
Rice 


Same 
time  1874 


"gS3  ; 


i^iSiS  iS  i^ii  :  = 


i 


■»  5".  S.  'i  w  »ft  o«  '-o  »^  I  -  2  '-X 


2  «'»' 
0B« 


u 


•    •    *o»TH'eo        '    't^     »-rm  <£  '      i^      <r*      «'      ««<oto      e^tl       *gS 


:  5150 


£5  ado    ■    • 

no 


M  o; 

i2^ 


8  to   • 
=.-5  : 


*■«  i-f< 


Is* 


lo  .«   .:§;        .53..-.-.     ^- 


*H  nf 


4,254 

2,604 
23,611 
85,942 
l,158,e53 
81,:;  63 
660,616 
7,713,573 
138,120 


538,161  5f:7,149 

1,726.746  1,544,237 

831,190  1,133,416 

57,8011  73,138 

1.783,  4,175 


K*    .--.-»o    .    .woeow^Q'^    ■'=2'"z:?2S      e5^2S?2;P22«'°*'S£SS  SIS'.    '  £S 


o 


^1; 


111,167 
159,884 
68,915 


Spices,  Ac. — 

Cassia 

Ginger 

Pepper 

Saltpetre 

Woods — 

Cork 

Fustic 

Logwood 

MAogany . , . . 


c*  T^     CO     00  en 


.Oie*oow^O'T*  oco 


$1553.437 

76,936 

1.171,2:6 

320,585 

730,174 
l,9a3,lS0 

850,«36 
1.742,100 
9,825  44U 

412,632 

103,238 
100,563 
619,958 
218,324 

3.36,921 
100,397 
628,170 
120,018 


124.629 
162,720 
56,610 


$2170,780 

84.951 

1,114,259 

418,368 

1.176.407 
1,370,496 
1,296,677 
2.2|I2,676 
13,892.572 
711,875 

102,908 
141,761 
740,265 
374,0.33 

262,930 

ll.lOi 

319,176 

123.512 


s     s 


Receipts  of   Oomestlc    Produce. 

The  receipts  of  domestic  produce  since  January  1, 1875,  and  tor 
the  same  time  in  1874,  have  been  as  follows  : 


Since        Same 
Jan.1,'76.  time  1874 


Ashes pkgs. 

Breadstuffa 


.bbls. 
bush. 


Floor 

Wheat 

Corn . . 

Oats 

Rye 

Barley  and  malt. 
Grass  seed. bags, 

Beans bbls. 

Peas bnsh 

C.  meal 
Cotton... 


Hemp. 
Bides.. 
Hops.. 
Leather. 


.bbls. 
. .  bales. 
...bales, 

No. 

...bales. 

sides 


Mol,'»88e9....hlffis. 
Molasses. .  ,  bbls. 
Naval  Stores— 

Cr.  turp.  ..bbls, 

Spirits  turpen... 

Rosin 

Tar 


7,545 

3,870,473 

33,839,174 

12,146,70s 

10,513,131 

30I1B31 

4,654,433 

64..'«8 

75,711 

656,  i35 

128,156 

788,016 

2, 8611 

2,843,317 

45,085 

3,881,600 

4.225 

50,405 

8,371 
65.967 
494,754 
22.877 


8.668 

3,962,915 

41,73:3,915 

18,981,264 

10,718.229 

598,9^9 

2,763,442 

65,061 

76,791 

531,413 

175,417 

9u7,791 

4,8:13 

2,206,n00l 

36,f<91] 

3,719,771 

48,627 

12,416 
75,851 
527,527 
46.611 


Pitch 

Oilcake pkga. 

Oil, lard 

Peanuts bags. 

Provisions — 

Butter  ...  .pkga. 

Cheese 

Cntmeata 

Kgga 

Pork 

Beef 

Urd 

Lard kege. 

Rice pkgs 

SUrch 

Stearine.. 

Sugar 

Sugar  

Tallow... 
Tobacco 

Tobacco hhds. 

Whiskey bhls. 

Wool balee. 

Dressed  Hoga . .  No. 


...bbla. 
...bfada. 
...pkga. 


Since 
Jan.1,'76. 

953 

306,VO,i 
6,400 
68,916 

1,064.029 
2,237,017 

34.3,160 

443,,501 

152,469 
43,964 

272,6.39 
13,785 
27,431 

ar  0,806 
17,761 
91.869 
15,274 
25,362 

183.622 
46,798 

1M,931 
80,008 
47,625 


Same 

time  1874 

3,730 

190,491 

3.696 

35,879 

964.071 
2,028,161 
325,821 
487,113 
144,473 

62,897 
277,122 

38,906 

21,021 
314,248 

18.127 

13,844 
1,384 

83,933 
261.876 
124.501 
183,804 

74,630 
109.800 


oToe 


ODo' 
C  00 


1 

1,477 

7,034 

70 

201 

510,233 

Is  ; :  i  s  : 

.•■4            O 

*                M 

s 

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•      •«.,.*-' •.-.c-».,,_  .,  

M  :•:  i  ••  i  ::!••:&•  '1  ••  :  ■S.--^'^.-':  '■■"  :2s  '; 
a   PS  ::  =  ::::  =  :::  :r  ::  :i  :  :  ■%,*'.  ■■'■■.'■■*■£.: 


JHE 


inanrtal/ 

turn 


HUNT'S    MERCHANTS'    MAGAZINE, 

REPRESENTING    THE    INDUSTRIAL    AND   COMMERCIAL  INTERESTS   OF  THE  UNITED  STATES- 


VOL.  2L 


SATURDAY,  DECEMBER  18,  1875. 


NO.  547. 


CONTE  M  rs. 


lb.  CtaittMdn  and  H«—p- 


ftpalv  Kaowtadc*  ad  Moa*- 
Mrr  sdMwt.... 

TW  iMS  CkMl  ud  tk*  liVllah 
PwcbaM 

^baBradctatt  Prabltm 


THS  CHB05ICLB. 

Drawback  oa  Bngar  and   New 

am     T«»u    5n 

Lataat  Hon  eurj  uid  On»»Tlll 

sn     ■acti*hN<w> an 

OoaaarcUl  lii4   Mlwallananai 
Hawa 884 


no 


Moan  Maritat.  O.  S.  BacartUaa^ 
MAmy  MMa.  Said  HaffcalT 
Tonlgn  btfeaaca.  Haw  York 
City  Baaka,  Boataa  Baaka, 
PkOadalpUa  Baaka.  NaUooal 


Baak^  ate. 


TBB  OOMlUUCiaAL  TDUB. 

tMIPrieaai 
Ml 


.aw  Tore  Local  SwartOaa U» 

iBTaataMOt  aad  Blata,  Ottj  aad 
Oorponltoa  flaaacaa KO 


ttaoutioaa  af  Stseka  aad  Boadt 

nav 


Tki  CowtmmciAi.  akd  FnrAJiciAi,  Cnu>inoi.B  it  istutd  ••  Smtmr- 
img  m»miHff,  with  Ub  Iat4tt  nmm  up  to  midnight  »f  VrUa^. 


TBMU  or  ■UMOmimOB-rATABI.B  IS  ADTASOI. 

daUnrad  by  aairlar  la  dl7 


To  fVwMiii  AireriaAaoui, 
Mkaertkan.  aad  aallad  M  an  atkara: 


rarOMTaar 
MrUillaMI 

ara(a*>iMaaMaa  |#a>. 


•^•r. 


aaMMad  aatU  aidand  Wumil  ly  awtrtai  ard«r 
„  .    Tba  PabtUkwa eaaaot  ba  riniailkli  tvt  Baa^t- 
rOralla  or  Paal  oaaa  lleaay  Ortaw. 
A«T«rtl**M«Bla. 

I  ara  pabll<h«d  at  »  caaU  par  Hoa  for  oub 
laaartloo.  bat  wbaa dadMM  aHara  ara (tna  for  tra,  or  aora^  laranliwii.  a 
libaral  diaeauil  la  iMdak  We  praalaa  of  aoMlaaaaa  pabHaalioa  la  Iha  boat 
■jaaaaaa  bailra«.aaan  adiallaaia  — al  kaaa «%iaala»aw— Wj  ' 
ModaaalaBaakl^i  aad  flMMial  eataiM  «  caata  »ar  toil  tMk  I 


fou. 


na l>Maa oflea or  tkaCnoncu  U  at  Na.*  AMdaVMatd,  Old  Broad 
aat,  wbara  aabacrtptkna  aia  u>mb  at  tba  roHmHac  laiaa : 

AaaaaiaabacrtailaaiotbaOhraalalaOaaladlacpaBtaca) M   tL 

BU  BOBlba*  rabacrlptioa  1    S*. 

WBuaa  ••  aau.    I  WILUAM  B.  DAHA  ft  OO.,  raMMMi& 

T«  and  (1  WilUam  ttfwi,  NKW  T 
ica  Box  \ 


.\ 


lat  f nilKa  e«  fta  —a  la  1( 

war  A«oiiplaU«atar  ihaOoamHBai,  aao 
KBTtodaia    la  for  la  at  tka  o»ea.    Alaa  ai 

ta  aaloT  Hwrt'a  M  lai  i  a  to 

llAaAanni.  IBM  Ia  im.  ilztr-ihraa  rotaSM. 

Tba  Baalaaaa  Dmaiuaaut  of  iba  Caai  avLa  la   iryriaaalad  < 
tManau  la  Haw  Tarfc  Oltr  by  Mr.  riad.  W.  ioam. 


Vr  Tahiawa  tt  iha  Ckaomoui  aaMlo  ika  pabHcallaa 
aaaaaNar  of  aeavaalaaea.  for  •abaolbara.  at  tl  M    ~ 
aarar  wltaUad,  aad  aoaaa  difleallT  baa  baiaiofara 
■■atatlrai  of  parttaa  wbe  bara  tollcliad  biadlac  oo 


oSca  will  bo  beoBd. 
Tba  bladlnc  !• 
froa  tba  aUarapre- 
owa  aoooaat. 


II.  CIITTIIIU  111  IIIDIPTIOI. 
No  time  baB  boen  kwt  bj  Mr.  Chittenden  in  bringing 
before  CongreM  the  qneation  of  reauming  specie  pajr- 
meotfc  The  bill  he  irabmitted  for  this  purpose  has  some 
defeota,  bat  it  meers  the  exigencies  of  the  case,  and  can 
•aaily  be  modiBed  in  oommittce,  no  as  to  be  acceptable 
and  complete.  Its  first  provision  is  for  the  purpose  of 
withdrawing  a  part  of  the  lesal  tender  notes.  Snch  a 
oontrMtwn  is  abeolntely  indiapensable  as  a  preliminary 
prepflioB  for  the  redemption  of  the  greenbacks  by  the 
Treasury.  As  the  qniesoent  state  of  business  all  over  the 
country  wonld  render  the  proposed  withdrawal  of  the 


grtenback  issues  easier  and  less  likely  to  cause  trouble, 
and  as  the  money  market  is  quite  free  from  sensitive- 
ness and  apprehension,  the  needful  process  of  contrac- 
tion could  for  this  and  other  reasons  be  started  now 
with  peculiar  safety  and  advantage. 

The  other  provision  of  the  bill  is  intended  to  provide 
funds  with  which  to  pay  off  and  redeem  the  greenbacks 
Mr.  Chittenden  proposes  the  issue  of  four  and  a  half  per 
oeot.  bonds  for  this  purpose.  This  proposition  suggests 
sereral  objections  which  will  probably  be  made  by  those 
who  approve  of  the  general  purpose  of  the  bill.  Some 
persons  contend  that  no  new  bonds  need  to  be  issued  at 
all ;  they  would  have  the  needful  surplus  provided  in 
some  other  way  than  by  increasing  the  interest-bearing 
debt.  But  there  are  only  two  expedients  by  which  this 
could  be  done.  Either  the  income  of  the  Treasury  must 
be  augmented  by  new  taxation  or  the  annual  expenditure 
of  the  government  must  be  lessened  by  rigid  economy. 
Hence  this  class  of  objectors  would  have  the  greenbacks 
paid  off  by  a  surplus  obtained  either  from  new  taxes  or 
from  a  saving  of  expenditure  and  a  retrenchment  in  the 
Congressional  appropriations. 

Another  set  of  objectors  argue  that  if  new  bonds 
must  of  necessity  be  issued  in  order  to  pay  off'  the 
greenbacks,  the  Secretary  of  the  Treasury  possesses 
abundant  powers  for  that  purpose,  inasmuch  as  the  act 
of  January,  1875,  expr<«sly  authorises  him  "  to  issue,  sell 
and  dispose  of  either  of  the  description  of  bonds  of 
the  United  States  described  in  the  act  of  Congress, 
approved  July  14,  1870,  entitled,  'An  act  to  authorize 
the  refunding  of  the  national  debt,*  with  like  qualities, 
privileges  and  exemptions,  to  the  extent  necessary  to 
carry  this  act  into  effect,  and  to  use  the  proceeds  thereof 
for  the  purposes  aforesaid." 

A  third  objection  is,  that  four  per  cent  bonds  would 
be  better  for  the  purposes  in  view  than  the  4^  per  cent 
bords,  whi'-h  Mr.  Chittenden's  bill  proposes  to  issue. 
There  is  much  force  in  several  of  these  objections,  and  it 
ia  possible  that  they  may  prevail  so  far  as  to  prevent 
anything  being  actually  done  daring  the  present  session. 
Indeed,  there  are  not  a  few  of  the  friends  of  a  sound 
currency  who  believe  that  this  result  will  be  preferable  to 
any  l^^ialative  action  which  is  likely  to  be  accomplished 
in  the  present  attitude  of  the  House  and  the  Senate  to- 
wards each  other  and  towards  the  currency  question. 

The  question  is  thus  fairly  raised,  whether,  in  the  event 
of  no  further  legislation,  the  progress  of  the  country 
toward  specie  payments  will  of  necessity  be  retarded. 
Oa  this  point  the  currents  of  opinion  are  very  various 
and  conflicting.  It  is  evident  that  the  belief  of  the 
pablic  in  the  absolute  certaiuty  that  specie  payments 


57: 


I'HE   CHRONICLE 


■fss  n  s 


.[December  18,  1875. 


will  be  resumed  in  1879  should  be  confirmed;  because  it 
is  needful  as  a  motive  to  induce  the  banking  and  mer- 
cantile community  to  adjust  their  business,  as  they  are 
now  domg,  with  a  view  to  resumption  at  that  date. 
But,  although  the  commercial  classes  have  begun  to  do 
this  already,  it  is  feared  that  the  wholesome  process  will 
not  bo  kept  up  uulesa  something  further  be  done  by 
Congress.  Secondly,  it  is  certain  that  the  main  woik  of 
preparing  the  currency  system  of  this  country  for  the 
transition  to  specie  payments  is  in  its  nature  beyond  the 
reach  of  human  legislation ;  but  it  is  also  contended  that, 
to  aid  the  operation  of  the  natural  laws,  which  are  con- 
ducting the  country  towards  the  goal  of  resumption, 
some  new  provisions  of  Congress  are  indispensable,  and 
cannot  be  deferred  without  danger. 

Among  these  new  legislative  provisions  it  is  argued 
that  a  place  should  be  found  for  all  the  sections  of  Mr. 
Chittenden's  bill,  and  also  for  a  repeal  of  the  legal 
tender  powers  of  the  greenbacks.  This  repeal  is  one  of 
thie  pre-requisites  of  resumption,  which  is  regarded  as 
indispenHable. 

The  discussion  is  very  warmly  sustained  on  both  sides. 
Not  a  few  of  the  soundest  of  our  sound  currency-men 
doubt  whether  the  legal  tender  quality  of  the  greenbacks 
can  be  dispensed  with,  and  think  it  should  be  retained 
until  we  are  in  all  other  respects  ready  to  redeem  the 
whole  mass  of  the  greenback  currency  at  the  Treasury 
in  coin.  To  support  this  opinion  they  point  us  to  the 
example  of  France,  in  whose  currency  the  legal  tender 
quality  is  retained,  although  the  notes  are  at  par  with 
coin,  and  although  there  is  an  ample  coin  reserve  of 
$321,944,000  held  for  the  redemption  of  an  aggregate  of 
notes  amounting  to  $480,071,140.  Such  were  the  official 
figures  at  the  beginning  of  the  present  month.  Not- 
withstanding this  large  reserve  of  coin,  the  French 
government  dare  not  venture  to  repeal  the  legal  tender 
properties  of  their  paper  money  though  it  has  been  at  par 
with  coin  for  several  years.  On  these  facts  it  is  argued 
that  we  should  follow  the  example  of  the  French  states- 
men, and  should  refrain  from  repealing  the  legal  tender 
clause  until  some  further  preliminaries  are  in  a  more 
advanced  stage  of  preparation. 

It  is  easy  to  say,  in  reply  to  this  plausible  reasoning, 
that  the  Fi-ench  ex;imple  has  no  useful  analogy  for  us  to 
follow,  ii^asjnuch  as  France  is  closely  watched  by 
Germany,  and  is  acting  hostilely  to  that  country.  We 
know  that  France  wishes  to  keep  her  stock  of  gold  from 
the  grasp  of  Germany.  She  can  only  do  this  by  keeping 
up  the  cours  fore!'.  On  this  important  point  we  shall 
probably  have  something  further  to  say  hereafter.  The 
questions  involved  are  too  extensive  to  allow  of  full 
discussion  in  this  place.  One  expedient,  however,  it  is 
proper  to  suggest.  The  principle  of  repealing  the  legal 
tender  properties  of  our  currency  might  be  with  advan- 
tage applied  to  the  bank  notes.  Those  notes  no  longer 
need  that  privilege.     It  should  be  taken  away  at  once. 


POPULAR  KNOWLEDGE  AND  MONETARY  SCIENCE. 
For  obvious  reasons  there  has  never  been  a  period  in 
the  history  of  the  United  States  in  which  practical  econ- 
omics were  more  popular  than  at  present.  The  press  teems 
with  American  books  on  finance,  and  it  is  also  re-publish- 
ing the  best  treatises  of  foreign  writers.  Throughout 
the  commercial  world  the  gold  discoveries  and  the  devel- 
opment of  commerce  during  the  last  thirty  years  have 
shaken  the  old  economic  relations  of  the  great  producing 
classes,  and  have,  not  only  set  labor  and  capital  at 
vaiiance,  but  have  also  disturbed  the  old  standards  of 


money.  It  is  gratifying  to  find  that  the  demand  for 
good  works  on  monetary  science  and  political  economy 
is  rapidly  increasing,  both  here  and  in  Europe.  Political 
economists  have  often  expounded  the  reasons  for  believ- 
ing that  this  oonntry  offers  unsurpassed  facilities  and 
helps  for  the  popular  study  of  financial  science  in  all 
ita  departments,  and  that  the  next  ten  years  will  probably 
diffuse  economic  studies  more  generally  in  this  country. 
Among  the  European  works  to  which  we  have  referred 
there  are  two  which  have,  just  been  published  simul» 
taneously  in  London  and  in  New  York.  The  first  is  that 
of  Bonamy  Price,*  who  is  well  known  to  our  financial 
community  from  the  lectures  which  he  delivered  last 
year,  in  some  of  our  chief  cities,  on  money  and  banking. 
Several  of  these  lectures  Professor  Price  has  revised  and 
reprinted  in  a  small  volume  for  English  and  American 
readers.  "We  miss  from  this  work  the  suggestive  and 
original  lectures  on  panics  which  were  delivered  before 
the  Chamber  of  Commerce  in  this  city.  Notwithstand- 
ing certain  defects,  which  we  pointed  out  at  the  time,  the 
lectures  on  panics  were  so  instructive  that  it  is  hoped 
they  will  be  revised  and  given  to  the  public  in  a  complete 
form  hereafter.  In  the  volume  before  us  Professor  Price 
confines  his  attention  to  the  subjects  of  currency  and 
banking.  These  specific  topics  ^e  has  selected  as  more 
popular  in  this  country;  his  intention  being  no  doubt  to 
offer  such  suggestions  as  might  be  of  use  for  the  solution 
of  the  greenback  problem,  and  of  the  other  banking  and 
currency  issues  which  have  been  of  late  the  causes  of  so 
much  political  agitation.  Mr.  Price's  monetary  creed  is 
very  simple.  Like  most  English  economists  he  excludes 
money  from  one  of  the  two  great  fields  into  which  the 
domain  of  political  economy  is  divided.  These  fields  are 
that  of  production  and  that  of  distribution.  The  func- 
tion of  money,  according  to  our  author,  is  limited  to 
distribution;  for  the  simple  reason  that  money  is 
I  "  nothing  but  a  tool  of  exchange."  As  a  tool  of  com- 
merce, an  instrument  for  exchanging  commodities, 
money  is  concerned  with  distribution  alone,  and  must  be 
totally  excluded  from  the  field  of  production,  where  it 
has  nothing  whatever  to  do.  The  best  PVench  econo- 
mists do  not  agree  with  this  narrow  view  of  the  office  of 
money  and  of  the  theatre  within  which  its  functions  are 
carried  on.  It  would  be  interesting  to  point  out,  if  space 
permitted,  that  even  Mr.  Price  himself,  with  his  acute 
analysis  and  logical  habits  of  thought,  has  been  compelled 
to  overleap  the  too  narrow  and  contracted  bounds  with 
which  an  artificial  system  of  monetary  science  had  hem- 
med him  in.  Mr.  Price's  second  principle  is  that  the  best 
money  is  coin.  In  this  he  is  in  full  accord  with  all  the 
leading  authorities  here  and  in  Europe.  Thirdly,  he 
says  that  paper  moneyin  all  its  forms  is  not  a  representa- 
tive of  coin  money,  but  only  its  substitute,  filling  its 
place  with  more  or  less  of  imperfection  and  liability  to 
danger. 

Everybody  knows  that  one  of  the  most  powerful  and 
effective  means  of  economizing  the  use  of  money  is 
the  modem  banking  system,  with  its  machinery  of 
cheques,  dealing  houses  and  expedients  for  paying  debts 
and  settling  monetary  contracts  without  the  actual  hand- 
ling of  cash.  This  system  has  been  more  familiarly 
explained  by  economic  writers  in  this  country  than  in 
England,  from  the  fact  that  our  clearing-houses  have 
rilways  been  subjected  to  publicity,  while  the  English 
clearing-house,  till  of  late  years,  was  in  the  habit  of 
jealously   guarding   the  secrets   of  banking   operations. 

•  CoimirKOT  AND  Bankino.  hy  Bonsmy  Prict,  Prof»Mor  of  Political  Econ- 
omy in  the  University  of  Ozford.    i878.    New  York:  Appletou  &Co. 


Deoeubcr  18,  1875] 


THE   CHRONICLE. 


570- 


Mr.  Price's  account  of  the  economy  and  saving  which 
banks  aecare  is  extremely  interesting  and  suggestive. 
The  work  would  have  been  even  more  useful  if  its  author 
had  been  able  to  make  himself  more  familiar  with  the 
details  of  our  banking  system,  which,  in  some  of  its  chie 
features,  is  superior  to  most  of  the  systems  ot  Europe. 

Turning  to  the  other  book*  before  us,  we  find  it  of  a 
still  more  practical  character.  Professor  Jevons  gives  in 
the  opening  chapters,  .i  popular  sketch  of  the  history  of 
metallic  money.  With  his  previous  writings  some  of  our 
readers  are  doubtless  acquainted.  The  most  important 
are  a  Treatise  on  the  statistics  of  coal,  and  an  Essay  to 
apply  to  certain  problems  of  political  economy  the 
analysis  of  the  differential  calcalos.  Mr.  .revons  shows 
in  the  present  volume  more  complete  practical  knowl- 
edge than  in  any  of  his  former  works.  Some  years  ago 
he  was  engaged  in  the  British  mint  at  Sydney,  and  he 
afterwards  visited  this  country,  where  he  appears  to  have 
been  a  close  observer  of  our  financial  institutions.  Hence 
his  book  has  more  of  accuracy  on  American  finance  than 
most  economic  treatises  written  by  foreigners.  After 
giving  an  account  of  the  present  monetary  systems  of 
the  world,  Mr.  Jevons  diacosaes  the  natural  laws  which 
govern  the  monetary  ciroulatioo,  the  several  modes 
in  which  coin  money  may  be*  replaced  by  paper 
doo«nMn(s  of  varioas  kinds.  Under  this  bead  he 
desoribcs  banking  and  other  expedients,  by  whose 
[>ower  modern  oommeroe  eoonomixes  gold  and  makes 
a  single  million  of  cash  do  the  work  of  thirty  or 
fifty  millions.  It  will  thus  be  seen  that  Mr.  Jevons 
goes  over  a  part  of  the  same  ground  as  Mr.  Price;  and 
both  writers  are  so  original  and  suggestive  that  they 
may  wHh  advantage  be  read  together.  Mr.  Jevons' 
monetary  theory  is  less  narrow  than  that  of  most  English 
writers.  He  ascribes  to  money  or  coin  some  other  f  unc- 
tiona  besides  that  of  simply  exchanging  prodaota  as  a 
niere  tool  of  trade  and  nothing  elsei  For  instance,  he 
says  that  money  is  a  means  of  $torit%g  up  value  for  future 
OK.  In  this  extension  of  the  arena  in  which  money  ezer- 
oisas  ita  fanotioos  he  agrees  with  Wolowski  and  other 
nodern  iMden  of  eeonomio  thought,  though  he  does  not 
follow  them  far.  Mr.  Jevons  tells  as  of  some  of  the 
monetary  fallaoies  which  prevail  in  England.  His  remarks 
will  bo  read  with  interest  in  this  country  as  they  disclose 
the  sonrces  from  which  onr  inflationista  have  borrowed 
some  of  their  ideas  as  to  the  virtue  of  bonndleas  issnes 
of  paper  money. 

We  havo  no  apaootoaxamme  these  interesting  volumes 
any  farther.  Bat  we  shall  probably  have  occasion  to 
revert  to  them.  Onr  present  purpose  is  rather  to  call 
atteatioa  to  the  noeeasity,  at  the  present  crisis  in  the 
history  of  onr  currency  system,  that  onr  thosghtful 
citisens  should  look  in  all  directions  for  aid  to  solve  the 
diffienlticB  of  the  financial  situation.  There  are  many 
reaams  why  the  friends  of  a  sound  currency  should  now 
redonble  their  efforts  to  spread  accurate  knowledge  on 
financial  inestions.  Kiret,  the  inflationisu  are  busy  ia 
the  work  of  inflnenoing  public  opinion.  Secondly,  up  to 
this  tirae  there  has  been  more  or  less  of  hesitancy  in 
oar  strugglea  as  a  nation  with  the  evils  of  paper  money. 
Bat  the  prospeot  has  been  clearing  op  of  late,  and  it 
seems  as  if  this  nnoeruinty  had  for  the  present  termi- 
nated. The  whole  country  is  profoundly  moved  with  the 
oonvietion  that  the  resnraption  of  specie  payments  iH 
near  and  is  sore  of  eariy  aooomplisiiiiient.  The  whole 
intcDigeiioe  of  the  people  is  eoneantrated,  as  it  were, 

•JTonvT  ADD  TWB  UmcmtMua  or  KxcaAira*.  bv  W,  flMslM  Jhisi  J  a.  B . 


upon  a  single  focus,  and  it  is  easier  than  it  formerly  was 
to  command  the  public  attention  to  accurate  information 
on  money  and  banking. 

It  is  one  of  the  characteristics  ef  popular  institutions 
that  they  have  called  into  action  new  methods  of  solving 
the  great  problems  of  industrial  progress,  80(;ial  order 
and  national  government,  in  modem  times.  Under  older 
and  less  perfect  political  systems  it  was  the  wisdom  and 
intelligence  of  a  few  leaders  on  which  alone  nations 
could  rely  for  safety  in  the  stormy  vicissitudes  of  finan- 
cial or  political  danger.  Now  all  this  is  changing 
throughout  the  civilized  world.  It  seems  to  be  the  work 
of  the  nineteenth  century  to  develop  the  intelligence  of  the 
many  and  to  organize  it  as  one  of  the  controlling  politi- 
cal forces  in  place  of  the  exclusive  intelligence  of  the 
few.  This  new  popular  force  is  capable  of  development 
and  demands  organization,  if  it  is  to  be  success- 
ful as  a  wholesome  solvent  for  the  errors  of  the  past 
and  for  the  governmental  difiiculties  of  the  present  or 
the  future.  Hence,  it  follows  that  in  proportion  as 
economic  and  monetary  problems  rise  to  prominence,  the 
spread  of  financial  intelligence  among  the  masses  of  the 
people  is  more  and  more  imperative.  And  how  can  this 
intelligence  )>e  kindled  but  by  enlightening  the  public 
mind  by  various  approved  methods,  and  especially 
through  the  press  *'  Never,  as  we  have  said,  during  the 
last  quarter  of  a  century,  has  the  pressure  of  economic 
problems  been  more  severe  than  at  the  present  day. 
There  is  scarcely  a  nation  in  Europe  of  wealth  and  influ- 
ence in  which  the  labor  question,  the  monetary  ques- 
tion, the  banking  question,  or  some  other  leading  indus- 
trial and  economic  question  is  not  agitating  the  minds  of 
statesmen  and  citizens,  of  the  governed  and  the  gov- 
ernors alike.  In  this  country  we  have  our  share  of  these 
great  economic  and  monetary  problems  to  solve,  and 
some  of  them  will  probably  bafile  the  combined  efforts 
and  sagacity  of  our  whole  people  for  many  years  to 
come.  However  this  may  be,  the  great  solvent  to  which 
these  problems  have  to  yield  in  the  future  is  tlye  growing 
intelligence  of  the  masses  of  oar  people  on  economic 
subjects. 

THE  gl'EZ  C1.11L  kMi  THE  E.NULISH  PURCHASE. 

What  a  tempest  appears  to  have  been  raised,  and  yet 
with  how  little  reason,  on  account  of  England's  purchase 
of  an  interest  in  the  Suez  Canal.  There  are  two  phases  in 
which  its  importance  has  been  considered,  the  one  politi- 
cal and  the  other  commercial ;  neither  of  them,  however, 
is  very  vital,  and  yet  in  both  aspects  the  commercial  world 
has  canse  for  gratulation. 

Politically,  this  step  would  seem  to  have  little  signifi- 
cance now  that  all  the  facts  arc  out.  From  the  tone  of 
the^Prcss,  however,  one  is  led  to  suppose  that  England 
ha.l  tliriiwn  down  the  ganntlct  to  all  of  Europe  and 
]  '  i(  once  to  plant  a  half  million  of  men  on  the 

soil  of  Kgypt.  Great  Britain  is  pre-eminently  a  oommer- 
oial  n.-itinn.  Its  rulers  for  a  long  time  have  been  of  the 
peace-loving  order;  and  its  ventures  have  all  been  in  the 
way  of  nentrality,  using  all  its  powers  to  prevent,  rather 
than  foment  war.  A  considerable  time  ago  Lord  Derby 
said  in  the  House  of  Ixjrds  that  he  was  in  favor  of  an 
arrangement  which  wonld  place  the  Suez  Canal  under 
the  management  of  an  international  syndicate,  composed 
of  all  the  maritime  nations.  May  we  not  have  in  this 
idea  the  ruling  motive  of  the  English  (lovemmcnt — an 
effort  for  peace  really;  a  means  of  preventing  this  great 
highway  ever  being  a  bone  of  contention.  In  the  same 
connp'-)i'>n  it  in  well  for  us  to  remember  the  fact  which  M, 
(I   I    ■    !  H  revives,  that  at  the  very  outset  of  the  Canal 


580 


(THE   CHRONICLR 


[December  18,  1875. 


enterprige,  when  it  stood  in  need  of  funds,  a  large  share 
was  set  aside  for  English  subscription;  and  now  she 
simply  accepts  the  share  in  the  Canal  property  which  had 
been  thus  set  aside  for  her  in  the  commencement.  France 
did  not  consider  it  at  that  time  a  danger  or  an  offense  to 
her  for  England  to  be  a  part  owner,  and  there  is  certainly 
no  new  reason  why  she  should  now;  nor  does  she  really. 
French  agitators  have  a  point  to  gain  in  misrepresenting 
this  affair  and  exaggerating  its  importance.  Their 
intent  is  to  weaken  the  position  of  their  own  rulers. 
They  are  in  the  opposition,  and  want  to  make  it  appear 
that  the  government  has  let  France  suffer  unnecessarily. 
Thus  we  see  M.  Edmond  About,  always  very  skilful  with 
his  pen,  beginning  his  communication  with  the  assertion 
that  "  England  (by  this  act)  confesses  that  she  wants 
"  Port  Said  as  much  as  Gibraltar,  in  order  to  keep  open 
"the  route  to  India;  she  is  lost,  or  at  least  very  sick, 
"  from  the  day  some  power  establishes  itself  anywhere 
"  along  the  route."  And  after  considerable  more  in  the 
same  style  he  closes  his  letter  in  this  lachrymose,  melo- 
dramatic manner;  "  We  have  lost  our  frontiers,  our  for- 
"  tresses,  our  guns,  and  our  millions.  All  that  is  left  us 
"are  our  eyes  to  cry  over  our  misfortunes,  and  when  the 
"  time  comes,  over  those  of  our  neighbors."  These  last 
few  words  we  may  take  as  a  quiet  hint  that  England  has 
purchased  an  elephant.  So  she  has,  if  she  purchased  the 
right  to  put  herself  in  antagonism  to  all  of  Europe.  In 
that  case  the  suggestion  of  M.  About  would  be  very 
much  to  the  point,  that  when  the  war  came  (unless  she 
was  stronger  than  all  the  rest  of  Europe,  which  he  inti- 
mates she  is  not,)  "the  Canal  would  as  little  belong  to  the 
"  great  shareholder  as  our  poor  railroads  belonged  to  us, 
"  when  the  Prussians  occupied  them  in  1810."  This  is 
very  cleverly  said,  but  its  sting  is  quite  effectually  drawn, 
if  we  consider  that  the  English  Government  has  bought 
this  interest  simply  as  one  step  towards  that  great  end. 
Lord  Derby  has  so  long  had  in  view,  of  putting  the 
Canal  under  the  joint  administration  and  protectorate  of 
the  maritime  powers.  In  fact  this  end  is  worthy  of, 
in  keeping  with,  and  an  honor  to,  the  enlightened  policy 
which  for  long  has  governed  the  councils  of  that  nation. 
It  is  not  war  Lord  Derby  seeks,  but  it  is  peace  he 
intends  to  insure.  Hence  we  see  that  the  present 
belligerent  flutter  in  some  parts  of  Europe,  and  in  France 
particularly,  is  of  very  little  importance,  for  it  is  entirely 
without  cause. 

Commercially,  all  are  interested  in  this  new  venture  of 
Great  Britain.  It  is  of  the  first  and  highest  importance 
to  England  herself,  for  she  uses  it  more  than  all  the 
other  nations  of  the  earth  combined.  Besides,  her  East- 
ern possessions  make  it  peculiarly  desirable  that  the  route 
should  not  be  subject  to  the  caprice  of  any  single  man  or 
nation.  But  all  are  to  be  benefitted  by  the  infusion  of 
British  capital  and  interest  in  the  enterprise.  Such  a 
combination  was  thought  desirable  in  its  inception — it  is 
doubly  so  now.  M.  de  Lesseps  very  wisely  says  that 
"  while  England  remained  without  any  financial  interest 
"  in  the  Canal,  it  raised  numerous  impediments  to  the 
"  detriment  of  the  work  yet  to  be  accomplished;  and 
"  quite  recently  the  intervention  of  English  agents  has 
"  been  damaging  to  French  and  Egyptian  shareholders. 
"  *  *  *  Now  the  hostility  on  the  part  of  Great 
"  Britain  so  long  manifested  will  disappear.  *  *  * 
"  I  hail  this  powerful  consolidation  of  interests, 
"  therefore,  as  a  fortunate  circumstance-  Hence- 
"  forth  French  and  English  capital  will  be  united 
"  in  this  purely  industrial  and  necessarily  peaceful 
"  undertaking."  We  see  the  Press  in  France  is  consoling 
Itself  with  columns  of  fijjures  to  show  how  much  more 


England  must  put  into  this  enterprise.  Having  taken 
the  first  step,  it  cannot  stop,  they  say.  It  is  very  clear 
that  English  capital  will  be  needed,  and  equally  clear 
that  it  will  flow  that  way,  if  there  is  promise  of  security 
and  profit ;  but  it  will  not  necessarily  be  Government 
money.  There  is  now  an  abundance  of  idle  capital  in 
in  Great  Britain  waiting  for  just  such  opportunities. 
And,  as  the  Government  has  accepted  so  large  an  interest 
in  the  undertaking,  the  private  investor  will  be  apt  to 
think  the  first  requisite,  security,  obtained;  and  further, 
that  with  the  infusion  of  British  skill,  capital  and  interest 
tnto  the  management,  an  enterprise  that  already  pays  can 
be  made  largely  profitable.  Hence,  we  do  not  see  anything 
to  cry  over — though  M.  About  may — even  if  20  millions 
of  pounds  should  be  required  and  spent  to  complete  the 
enterprise. 

One  direction  in  which  the  influence  of  England  is 
likely  to  be  exerted  is  in  favor  of  lower  tolls.  At  present 
the  rate  is  ten  shillings  per  ton,  or  about  two  and  a  half 
dollars  American  coin.  This  is  a  very  heavy  tax  on 
commerce.  Of  course  England,  with  her  177,000  shares, 
has  no  actual  power  to  change  this.  And  yet  she  is 
likely  to  have  a  very  considerable  influence.  In  fact  there 
is  pretty  clear  evidence  that  with  the  Khedive  her  power 
is  already  very  largely  increased.  A  cable  dispatch 
yesterday  reads,  that  "a  private  telegram  from  Egypt 
states  that,  on  demand  of  the  British  Oovernmenf,  the 
Egyptian  men-of-war  will  be  recalled  from  the  territory 
of  Zanzibar,  and  the  expedition  to  Abyssinia  will  confine 
itself  to  exacting  satisfaction,  after  which  the  troops  are 
to  return  to  Egypt."  This  would  look  as  if  England  had 
become  very  influential  in  that  direction.  And  the  letter 
of  M.  de  Lesseps,  from  which  we  have  quoted  above, 
shows  that  his  sympathies  are  the  same  in  kind. 

Mr.  Disraeli  has  also  sent  over  a  commissioner,  Mr. 
Stephen  Cave,  "  a  modest  man,  but  well  practiced  in 
commercial  affairs,"  to  Egypt,  to  look  into  the  finances 
of  the  Khedive,  and  act  as  his  adviser.  A  little  English 
common  sense  may  so  arrange  and  assist  his  money 
affairs  as  to  raise  the  credit  of  that  power.  This  pre" 
supposes  a  closer  union.  Altogether  the  indications  are 
that  the  voice  of  England  is  likely  to  be  potent  in  Egypt 
for  the  future.  Her  influence  would  naturally  and,  of 
necessity,  be  exerted  to  relieve  commerce,  so  far  as  it 
is  feasible.  All  her  interests  are  in  that  direction- 
Even  under  the  present  tolls  the  tratfic  on  the  Cana* 
has  been  constantly  increasing.  What  may  be  its 
capabilities  the  future  alone  can  develop.  So  far 
as  we  can  judge,  there  seems  to  be  an  opportunity  for 
lower  rates — that  is,  that  the  increased  business  would 
more  than  make  good  the  decreased  charges.  At  all  events, 
the  influence  of  England  will  be  in  favor  of  commerce, 
to  relieve  it  of  all  possible  burdens.  The  prospect  of  a 
wiser  policy  in  the  management  is  already  seen  in  the 
rise  of  shares  in  Paris  during  the  ten  days  ending  Dec. 
4,  our  latest  mail  dates,  prices  having  risen  during  that 
time  from  670  to  815  francs  per  share.  This  does  not 
look  as  if  they  thought  England  had  bought  a  war. 

Thus  we  see  that  the  step  the  Government  of  Great 
Britain  has  taken  will  probably  be  a  popular  one,  even  in 
France,  when  its  effects  are  fully  developed.  It  gives 
England  influence  precisely  where  she  needed  it,  and  it 
will  therefore  be  popular  at  home.  Nothing,  on  the 
other  hand,  is  likely  to  be  done  to  excite  the  jealousy  of  , 
other  nations,  for  she  has  not  the  power,  nor  the  wish 
to  do  it.  On  the  contrary,  the  Canal  itself  will  probably 
be  better  cared  for,  the  enterprise  fully  developed,  so 
that  all  powers  and  peoples  will  find  it  for  their  interest 
to  favor  the  change. 


December  18,  1875  j 


THE  CHRONICLR 


581 


THE  BKEADSTUFFS  PIOBIEI. 

An  anosnal  accumalation  of  stocks  of  wheat  in  Amer- 
ican inarkeU, — on  the  soahoarJ  as  well  as  at  the  West, — 
attracts  attention,  and  ba^  naturally  become  the  sabject 
•of  diaeoasion  with  reference  to  the  futare  of  values.  At 
the  West,  the  sj>«'oulation  shows  much  activity  and  ex- 
•citemeut,  and  assumes  the  proportions  of  a  fierce  struggle 
Wtweeo  the  operators  for  higher  and  lower  prices.  At 
«ach  a  time  a  careful,  unprejudiced  review  of  the  leading 
facts  in  the  ease  becomes,  not  only  interesting,  but  of  the 
first  importance. 

Prices  of  wheat  in  the  ^Vmerican  markets  are  now  con- 
siderably higher  than  in  December,  1874.  No.  'i  spring 
waa  quoted  in  the  last  Chbuxiclk  at  $1  20  to  $1  -21  per 
boshel,  (for  Chicago  and  ALUwaukee,)  and  on  the  llth  of 
December,  1874,  at  111  10  to  11  15.  Operators  for  a  rise 
regard  thete  hi'.;her  prices  as  justified  by  a  great  variety 
of  facts.  Tlie  California  wheat  crop  was  largely  deficient, 
aa  compared  with  former  years;  the  orop  was  almoat  a 
.complete  failure  in  a  considerable  portion  of  Uuosia,  from 
which  Kiigiand  drawH  mpplies.  The  yield  of  cereals  in 
'  •••rmany  and  France  was  somewhat  deficient  in  both 
■juantity  and  qu.ality;  while  in  England,  prolonged  rains 
and  Herious  floods  at  the  season  of  harvest,  caused  so 
•erious  a  deficiency  in  the  heme-grown  wheat,  that  an 
importation  of  twelve  million  qaartera  into  P^ngland  will, 
it  is  aatiniated.  be  necessary  for  the  current  Cf9p  year; 
and,  in  view  of  the  deficiencies  above  noticed,  where  so 
large  a  (|aantity  was  to  be  obtained,  became  a  vital  ques* 
Am,  Tu  add  to  the  difficulties  of  the  situation,  the  crop 
of  wiaxer  wheat,  in  a  considerable  portion  of  the  llJasis- 
sippi  Valley,  suffered  from  rains  and  floods,  reducing  the 
yield  and  greatly  impairing  the  quality,  and  relieving 
the  better  grades  of  spring  wheat  of  the  present  crop 
£romthe  active oomiietition  which  red  winter  wheat  main- 
tained but  Hi^asou.  Hut  this  atateoient  of  the  faoU  which 
are  relied  upon,  not  only  ^l  sustain  present  prices,  but  to 
promote  an  ullimatn  advance,  would  not  be  complete 
without  adiling  that  money  is  cheap,  storage  room  plenty, 
and  the  cost  of  carrying  the  present  large  stocks  compar- 
atively low. 

Seldom  has  a  speculation  for  a  rise  in  any  staple  of 
agriculture  Memad  to  bo  better  fortified.  The  position 
is,  from  this  point  of  view,  as  secure  as  could  l*e  desired. 
And  yet  it  has  many  weak  spots,  upon  which  are  pred- 
icated operations  for  a  decline.  For  instance,  it  is  said 
that  the  deficiency  in  the  crop  of  winter  wheat  grown  in 
the  Mississippi  Valley  was  prob.ibly  more  than  made  good 
by  the  increased  growth  of  spring  wheat.  The  receipts 
at  the  principal  Wcileru  markets  from  Aug.  I  to  Deo.  *, 
1875,  were  more  than  four  million  bushels,  or  about  13| 
per  cent,  in  excess  of  the  corresponding  period  of  but 
year.  It  is  true  a  small  portion  of  this  increase  may  be 
attribute<l  to  the  hurrying  forward  of  wheat  injured  by 
the  bad  weather;  but  an  increa-so  in  the  aggr^ate  yield 
can  hardly  be  doubted.  Tlien,  on  the  other  hand,  Eng- 
land seems  to  have  thus  far  experienced  no  difiiculty  in 
procuring  supplies  to  meet  her  deficiency.  Uer  imports 
for  ei|^t  weeks  toding  Oct.  31st  were  'J,300,000  quarters, 
or  18,400,000  buahek,  being  4,470,000  bushels  in  exoeaa 
of  the  corresponding  period  lust  year,  while  her  home 
delireries  fell  off  less  than  two  million  bushels.  Tliere 
were  in  transit  for  the  United  Kingdom  on  the  25th  of 
Xorember  last,  exclusive  of  steamer  shipments  from 
American  Atlantic  ports,  and  sail  and  steamer  shipments 
from  Baltic  ports,  14,5C  0,000  bushels  wheat,  against 
10,000,000  bushels  at  the  corresponding  date  in  1874. 
Further,  it  appears  that  the  higher  prices  in  France  seem 
to  have  led  to  aa  aeeomalation  of  stocks,  to  a  greater 


extent,  even,  than  that  which  lias  taken  place  with  us. 
There  were  in  Paris  on  the  31st  of  October  341,000  quin- 
tals of  flour  and  5-2,o00  quintals  of  wheat,  against  39.500 
quintals  of  tlour  and  12,000  quintals  of  wheat  at  the  end 
of  October,  1874.  liesides  all  this,  whatever  may  have 
been  the  deficiency  in  the  growth  of  wheat  in  Russia  and_ 
California,  it  seems  to  have  been  made  good,  so  far  as  the 
matter  relates  to  the  increased  needs  of  England,  by  the 
increased  growth  of  wheat  in  .\ustralia.  At  the  last 
accounts  from  that  countrj*  the  weather  was  exceedingly 
favorable  to  the  growing  crops,  and  it  was  expected  that 
the  harvest  which  comes  off  during  the  pre.sent  month  of 
December  will  be  unusually  large,  and  upon  a  greatly 
increase<l  acreage.  The  surplus  in  Australia  last  year 
was  about  160,000  tons,  of  which  140,000  tons  had  been 
shipped  at  the  end  of  the  first  week  in  last  October.  It 
:s  estimated  that  the  surplus  of  the  present  harvest  will 
reach  400,000  tons,  a  <{uantity  which  goes  far,  in  addition 
to  our  increased  growth  of  spring  wheat,  to  imike  good 
tlie  deficiencies,  real  or  supposed,  which  may  exist  else- 
where. 

There  are  facts  also  relating  to  the  demand,  which 
must  not  be  lost  sight  of.  The  depressed  state  of 
industrial  pursuits  enforces  economy,  and  the  coarser 
cereals,  as  well  as  vegetables,  are  much  cheaper  than  last 
year.  Our  flour  trade  with  the  Hritish  Provinces,  the 
West  Indies  and'South  America,  is  much  curtailed  by  an 
advance  in  prices.  The  cotton-growing  States  have  dur- 
ing the  past  year  made  a  special  effort  to  grow  their  own 
breadatnffs,  and  some  States  produced  a  greatly  increased 
quantity  of  wheat,  which  may  never  bo  seen  in  the  state- 
meats  of  the  receipts  and  stocks,  but  will  be  felt  materi- 
ally in  the  reduced  demand  upon  the  surplus  of  the  West. 
The  present  visible  supply  in  the  principal  Atlantic  aad 
Western  markets  is  now  about  5,500,000  bushels  or  45 
|>er  cent  greater  than  at  this  date  last  year.  There  is 
also  in  this  market  a  much  larger  stock  of  flour.  The 
specolativo  withholding  of  wheat  from  sale,  with  other 
influeaces,  deterred  shipping  from  seeking  this  )K)rt,  and 
ae  a  oanaequenoe  freight  room  is  scarce  and  rates  high. 

Such  are  the  leading  facts  tliat  bear  more  or  less 
directly  upon  the  ]»n'»eiit  position  and  future  prospects  of 
the  Western  speculation  in  wheat.  It  should  be  added, 
however,  titat  our  crop  of  spring  wheat  is  not  generally 
in  good  condition  to  l>e  held  in  store,  and  apprehension 
is  expreswd  that  on  the  approach  of  warm  weather  much 
of  it  will  bocomo  heated.  It  is  undeniable,  therefoie,  in 
view  of  all  the  circumstances  of  the  case,  that  a  consider- 
able reduction  of  stocks  should  be  effected  during  the 
next  three  months.  Whether  this  can  be  done  at  higher 
or  present  prices,  is  the  problem  before  holders.  England, 
in  hourly  communication  with  us,  would  belie  her  tradi- 
tions and  practice,  did  she  not  await  developments.  A 
•iuddou  burs^g  of  the  war-cloud  which  is  believed  in 
some  qnartwff  to  be  hanging  over  Europe,  would  un- 
doubtedly bring  relief  and  probably  profit  the  speculation 
but,  in  any  other  view  of  the  cjue,  the  work  of  unlo.iding 
threatens  to  be  difficult  and  unremunerative. 


DRAWBiCii  O.tl  SlIiAK  AXD  XEW  Um. 
In  the  CiiKONKi.K  of  October  23,  we  made  some 
remarks  on  the  circular  letter  ef  Oct.  9,  issued  by  Mr. 
Bristow,  Secretary  of  the  Treasury,  with  regard  to  the 
drawback  on  Hefine<l  Sugars.  It  will  be  remembered 
that  we  then  took  exception  to  the  order  changing  the 
rate,  because  of  its  suddenness,  and,  further,  because  it 
was  made  to  apply  to-shipments  already  made  where  the 
accounts  had  not  yet  l>een  finally  adjusted  at  the  Custom 
HoBse.     Clearly,  these  features  of  the  order  were  ill-ad 


582 


THE   CHRONICLE. 


[December  18,  1875. 


vised,  and  two  or  three  days  later  the  Secretary  made  a 
very  satisfactory  madification,  so  that  the  proposed  reduc- 
tion should  not  be  operative  until  the  point  raised  had 
been  thoroughly  investigated.  Subsequently,  Mr.  Bris- 
tow  issued  his  letter  of  inquiry  to  Customs  officers,  asking 
for  an  expression  of  views  upon  the  general  subject  of  a 
change  in  the  mode  of  classification  and  of  adopting  the 
plan  of  refining  in  bond.  Upon  this  latter  circular  we 
have  already  expressed  onr  opinion,  and  should  not  at 
present  return  to  the  subject  but  for  the  receipt  of  the 
following  letter  from  the  Secretary  of  the  British  Sugar 
Refiners'  Committee. 

21  Mincing  Lane,  17th  Nov.,  1875. 
The  Editor  of  Ihe  2f.  T.  Financial  and  Commercial  Chronicle. 

Sir:  My  attention  has  been  called  to  an  article  in  your  issue  of 
33d  ult.,  in  reference  to  the  bonnty  on  Export  of  Refined  Sugar 
from  the  United  States  of  America. 

I  take  the  liberty  to  forward  to  you  a  abort  statement  which 
1  have  drawn  up  by  direction  of  my  Committee.  Thia  memoran- 
dum will  fully  explain  the  nature  and  extent  of  the  bounty,  which, 
as  we  gather  from  the  Treasury  letter  of  Oct.  9,  is  not  at  present 
fully  realized  by  the  American  Government. 

I  have  ventured  to  communicate  with  you  because  yours  is  the 
leading  paper  in  America  on  economical  subjects,  and  I  therefore 
presume  that  you  will  be  glad  to  be  correctly  informed  as  to  an 
important  and  diiBcult  subject  like  the  sugar  duties,  which  have 
caused  and  are  still  causing  so  much  trouble  to  the  European 
sugar  trade  through  errors  of  assessment  similar  to  those  which 
are  now  attracting  attention  in  the  United  States. 
I  am.  Sir,  yours  very  faithfully, 

Qbosob  Mabtineau, 
Secretary  British  Sugar  Refiners'  Committee. 

Of  course  the  English  refiners  are  looking  out  for  their 
own  interests  solely,  and  do  not  care  in  the  least  whether 
our  Government  are  losers  or  gainers  under  the  present 
regulations.    But  the  people  of  this  country  have  a  deep 
concern  in  determining  this  question  rightly.     We  do  not 
wish  our  refiners  to  come  to  harm,  nor,  on  the  other  hand^ 
are  we  willing,  or  is  it  in  any  way  desirable,  to  give  them 
a    bounty   on   manufacture  by   making  the   drawback 
excessive.     As  manufacturers  of  Refined  Sugar,  we  have 
hitherto   come  but  little  into   collision   with   European 
refiners.     Even  previous  to  the  war,  when  the  duty  on 
Refined  Sugar  was  low,  comparatively  little  of  it  was  im- 
ported into  this  country  from  Europe,  and  this  little  was 
crushed  sugar  only,  which  seldom  came  up  to  the  Amer- 
ican standard.     It  was  either  too  bluish  or  yellowish  in 
color,  and  was  liable  to  attract  moisture  on  the  voyage 
and    become   soft.       None  but    heavy   packages   were 
admitted,  under  our  revenue  regulations,  and  our  domestic 
crushed  in  barrels  at  no  time  suffered  much  from  foreign 
competition  in  our  home  markets.     It  was  different  in  the 
markets  of  Buenos  Ayres,  Montevideo  and  Valparaiso, 
where,   by  underselling  us,  we  were  excluded  during 
lengthened    periods.      Only   under  the    liberal    draw- 
back  which    was  granted   April   last  have  we  become 
formidable   competitors,  not   merely  in  those  markets 
but   in  Europe  and  the  East.     It  is  therefore  natural 
that    our    system  of   drawbacks    should  elicit    a   most 
searching  inquiry  at  their  hands.     But  the  American 
public  are  only  interested  in  reaching  the  truth.     Let  us 
look  then    at  this   question   through   Mr.    Martineau's 
"  memorandum,"  for  we  find  in  it  very  little  to  which  we 
can  take  exception. 

And  first  he  says,  which  is  of  course  evident  and  the 
basis  of  the  whole  dispute,  that  in  fixing  the  drawback 
to  be  allowed  on  the  export  of  Refined  Sugar,  it  is  neces- 
sary to  know  with  tolerable  accuracy  the  quantity  of 
Refined  Sugar  which  is  produced*  by  the  raw  material 
used  in  its  manufacture,  in  order  to  make  the  drawback 
bear  the  same  proportion  to  the  duty  levied  on  the  raw 


material.  Thus,  if  a  Raw  Sugar  yields  90  per  cent  of 
Refined,  the  drawback  allowed  on  the  export  of  Refined 
ought  to  be  10  per  cent  higher  than  the  duty  levied  on 
that  Raw  Sugar,  and  no  more.  In  other  words — there 
being  of  course  a  fixed  drawback  on  Refined  Sugar — the 
duty  on  Raw  Sugar  yielding  90  per  cent  of  Refined  ought 
to  amount  to  90  per  cent  of  the  drawback  allowed  on 
Refined.  If  the  duty  on  such  Raw  Sugar  amount  to 
only  80  per  cent  of  the  drawback,  it  is  clear  that  the 
refiner  will  receive  in  drawback  10  per  cent  more  than  he 
has  previously  paid  in  duty,  and  will  thus  obtain  a  bounty 
on  exportation. 

The  way  to  ascertain  whether  there  is  a  bounty  on 
export  is,  therefore,  to  calculate  the  proportions  which 
the  duties  on  the  various  classes  of  Raw  Sugar  bear  to 
the  drawback  on  Refined,  and  to  examine  whether  those 
proportions  agree  with  the  quantities  of  Refined  Sugar 
yielded  by  the  different  classes  of  Raw.  In  1864  England, 
France,  Belgium,  and  Holland  entered  into  a  Convention 
for  the  purpose  of  settling  these  proportions,  and  basing 
upon  them  a  uniform  drawback  for  the  four  countries. 
To  an'ive  at  a  satisfactory  result,  refining  experiments 
were  made  at  Cologne,  under  the  inspection  of  represen- 
tatives of  the  contracting  powers.  Raw  Sugar  was 
divided  into  four  classes,  and  an  average  yield  determined 
by  these  experiments  for  each  class.  The  Sugar  was 
classified  according  to  its  color,  the  Dutch  color  stand- 
ards being  taken  as  types.  It  was  found  that  Sugar 
ranging  from  Nos.  15  to  19  of  these  color  types  gave  an 
average  yield  of  94  per  cent  of  Refined  Sugar;  that 
between  Nos.  10  and  14  gave  88  per  cent;  that  between 
Nos.  7  and  9  gave  80  per  cent,  and  that  below  No.  7  gave 
67  per  cent.  In  England  the  duties  were  at  once  made 
to  bear  these  proportions  to  the  drawback  on  Refined. 

Now  if  we  calculate  the  proportions  between  the  duties 
ahd  drawbacks  of  last  April,  it  will  be  found  that  they 
differ  very  materially  from  those  established  by  the 
Cologne  experiments.  The  duty  on  Raw  Sugars  ranging 
from  Nos.  10  to  13  is  only  75-5  per  cent  of  the  draAvback 
on  Refined,  instead  of  88 ;  that  on  Sugars  from  Nos.  7 
to  10  is  only  68  per  cent  of  the  drawback,  instead  of  80; 
and  that  on  Sugars  below  No.  7,  instead  of  being  67  per 
cent  of  the  drawback,  is  only  50-o.  If,  therefore,  the 
proportions  established  by  the  Cologne  experiments  be 
correct,  our  duties  and  drawback  of  last  April  leave  a 
bounty  on  export  of  12-5,  12,  and  10-5  per  cent  on  the 
Refined  made  from  those  classes  of  Sugar,  respectively. 
This  means  a  loss  of  |  to  |  cent  per  lb.  to  the  Treasury. 
But  this  is  not  all,  for  it  has  been  proved,  and  uni- 
versally admitted,  that  the  Cologne  yields  are  now 
frequently  too  low.  In  order  to  obtain  bounties  on 
export  from  the  drawback  based  on  those  yields.  Sugar, 
is  now  produced  in  large  quantities,  which,  though  only 
equal  to  Nos.  7  to  10  in  color,  yields  90,  instead  of  80, 
per  cent  of  Refined.  In  such  a  case,  therefore,  the  April 
drawback,  instead  of  giving  a  bounty  of  12  per  cent, 
would  easily  give  one  of  22  per  cent.  It  is  well  known 
that  Raw  Sugar  of  that  kind  is  now  made  for  the 
.American  market.  Mr.  Martineau  states  that  he  has 
been  shown  samples  of  it  which  would  yield  as  much  as  92 
to  95  per  cent,  thus  giving  a  bounty  of  24  to  27  per  cent- 
Our  own  revenue  ofliicers  fully  corroborate  this  state- 
ment ;  they  even  say  that  strong  and  perfectly  white  ' 
sugars  have  been  purposely  dyed  abroad  and  by  a  darker 
coloring  reduced  to  a  comparatively  low  standard,  and 
after  they  are  through  the  Customs  House  a  process  of 
decolorization  is  resorted  to  which  restores  them.  But 
calling  the  yield  of  the  Raw  Sugar  92  to  95  per  cent,  as 
in  the  instance  stated  above,  this  would  bring  the  loss  to 


\ 


December  IS.  1875.J 


THE   CHRONICLR 


fi8b 


the  United  States  Treasury  nearly  np  to  I  cent  per  lb. 
Taking  the  yield,  however,  according  to  the  Cologne 
tests,  the  proposal  of  the  Secretary  in  the  9th  of  October 
circular  would  appear  to  bring  the  drawback  at  about  the 
proper  figure,  as  may  be  seen  in  the  following  table 
which  Mr.  Martineau  has  also  prepared  : 


^■wHcoii  DulUM  ami 
Draietaet: 

tiihitDrmK*mt*m  vjhif.peretnt. 

OOIOB 

lEf 

Oct..  l»9. 

CiiAMincATioa. 

«? 

o«.ins, 

JreanUmg  to 

Ctmu    1       OmK 
par*.  1     p«r». 

KtptHmtU. 

B«towna.7 

I(M.Tt*10 

Noa.lOu>U. 

Drawback  oo  hud 
Ratecd.  leM  1 
parent 

i-m  1      i-sn 
rsis  1     t-stss 
it-im  1     J  n 

an 

as 

•75-8 
100 

as-15 
7«-s« 

MS 

n 

88 
180 

This  explanation  of  the  points  at  issue  in  this  contro- 
versy makes  very  clear  the  neoesuty  of  some  change  not 
only  in  the  drawback,  but  in  the  tests  themselves.  And 
for  this  purpose  what  plan  can  be  suggested  better  than 
the  polarization  sUndard.whlch  places  hard  Refined  Sugar 
at  100  degrees,  and  by  a  true  test  reduces  Raw  Sugar  as 
weO  as  soft  Refined  to  their  intrinsic  saccharine  valne 
irrespective  of  color  ?  With  this  for  a  basis,  nothing,  it 
would  seem,  could  be  easier  than  the  determination  of  the 
duty  on  the  one  hand,  and  the  drawback  on  the  otiier. 


Cateft  fHonetarp  and  (Sommcrctal  (English  SItwi 

•ATBS9V  BXCHAHOB  AT  LONDON,  ANB  ON  lieNBVIl 
AT  I.ATBaT  BATBS. 


■ZOBAltOI  AT  LONDOR— 
DBf^KMBLK  i. 


IXCHAXOS  ON  LONDON. 


Aalwaiy 


fsria 

PwU 

Tlaaaa... 

BaHIa 

Wnaklott 
■i.  Paaacahwg 


Madrid...  . 
Haw  York  . 
■lodaJaaaiw 


•iMfl. 


•kort. 


n.^o 

MJS 

«.» 

IIM 


JIJB 


(BaMtaLSt.8:M 


SI.SIW  m. 


«.i* 


■»• 


% 


r.is 
r.n 


Dae.   a. 


(Pac   I. 


Dae.  I. 
Nov.  8. 
Oei.  tk 
Not.  t. 
Uct.  M. 
Oct.  n. 

Nvr'.'at. 
NoT.Si. 
Nov.  IS. 
Nov.  18. 

D««."l. 


■Odar*. 
Mdara. 


Sbiw. 


It  S 

*».:< 

to. IB 
18  14 

lii'ti 

t8.8B 
88.10 
*iM 


•  10 

U.  8  t»-IM. 

I*.  •  ii-lU. 

4«.  Id. 


althoBgh  ooDstituting,  to  a  larjre  extent,  oar  greatuess,  are  known 
to  be  a  source  of  weakness  in  times  of  danger.  The  English 
people  are  not  likely  to  sanction  any  unfair  use  of  the  canal- 
Every  effort  will,  no  donbt,  be  made  to  reduce  the  charge  to  as 
low  a  point  as  possible  and,  perhaps,  it  is  not  too  much  to  say  that 
its  management  will  be  more  effectively  and  more  impartially 
undertaken,  now  that  so  large  a  share  belongs  to  this  country. 
The  mercantile  nary  of  this  country  is  pleased  at  the  purchase, 
as  it  anticipates  that  before  long  a  reduced  scale  of  charges  will 
come  into  force.  It  is  possible,  indeed,  that  the  canal  will.  In 
future,  be  more  largely  used,  and  much  time  will  thus  be  saved 
in  the  journey  to  the  E«st  Indies  and  Australia.  It  has  been 
reported  tliat  the  Sultan  of  Turkey  has  remonstrated  with  the 
Viceroy,  on  account  of  the  transaction  ;  but  this  will  not  have 
much  effect  in  the  present  condition  of  the  Turkish  Empire. 

There  has  been  an  increaced,  bat  by  no  means  active,  demand 
for  money  dnring  the  present  week,  and,  although  no  material 
change  has  taken  place  in  the  rates  of  discount,  the  tendenc.r  has 
been  upwards.  It  is  anticipated  that,  as  the  close  of  the  year  is 
approaching,  the  open  market  rates  of  discount  will  steadily 
approximate  those  current  at  the  Bank.  There  is  still,  however* 
a  difference  of  about  half  per  cent,  but  the  requirements  of  the 
country  during  the  next  few  weeks  will  be  somewtiat  considerable, 
thonch  less  than  in  iormer  years,  owing  to  the  slackness  of  trade- 
Thesopplr  of  money  seeking  employment  coutinues  ample,  and 
the  latda  of  diaoouot  are  as  follows  : 


BaakraU 

Opaa-aarkal  rataa : 

Mud  CO dv*' bills 

taoatha'bUls 

The  rates  of  interest 


fercaal. 


tx 


Far  cent. 

4  months' bank  bills 8)(atk 

I  msntha' bank  bllla iX9>}i 

4  and  t  mooth^'  trade  bllla.  t   OSM 


allowed  by   the  Jolnt-siock  banks  and 


diseonnt  booses  f^r  deposits  are  as  follows  : 


JolBt.«t0ck  haaka 

DIaooaat  booaaa  at  call 

Oiaeaaat  boaaea  with  t  days*  notice. . , 
Dtaeooat  kooaaa  with  14  dara'  noiica. 


Per  cent. 

::::  J^r 
::  J  h 


BBBlcalian  lalarraplad. 
IPraa  oar  ewa  cnrraapoodaak] 

Lraoov.  8«tiirdar.  Dm.  4.  IHTS. 
Than  has  bss«  aoeh  Isas  ssattsment  thlo  week  respeetlag  the 
psrrfcm  of  tbs  sharM  in  ths  Boas  Canal  by  the  British  nation- 
The  Qennsa  prass  have  eonuiMadad  the  transaction,  but  there 
sppsars  lA  be  soma  little  ioillfsstloa  In  France,  not  on  account  of 
•ay  bosUllty  to  Baglaad,  bat  tor  political  purposes,  with  a  view 
to  soibsmas  the  govemmeut.  Political  feeling,  It  is  well  known. 
r«ss  hich  io  Paris,  and  some  psrtias  have  upbraided  the  govem- 
BMM  for  allowiac  Esghad  to  have  so  large  a  share  in  an  ander- 
taklBf  whkh  Is  boS  oaly  of  vast  laporuaee,  bat  which  was  also 
of  Fionfc  eoaesptioo.  The  Due  Decayes  is  blamed  by  a  political 
gaol  km  for  aol  prsvsnllog  the  English  Uovemment  from  purchaa- 
lag  tko  Khadiva'a  taterest,  bat  Ibe  fact  was  that  he  was  unaware 
that  ■sgoOsllnns  wero  la  pfogisas.  Tbe  first  be  knew  about  the 
■Mttcr  was  that  ths  EogUsh  Qoverameol  had  made  the  parchase 
ft*  £4,000,000,  to  rsBOBSttaU  sgalost  which  would  be  folly.  The 
Uoatlasat  know,  perhaps,  by  this  time,  that  England,  when  her 
lalsfssu  have  to  be  eonsiderad,  la  not  asleep.  They  now  aekoowl. 
edgs  that  a  good  stroke  of  boalseas  has  been  dose,  and  they  are 
also  aware  that  tbe  parchase  will  receive  the  sanction  of 
a  large  majority  In  Parliament.  That  ws  shall  extend 
oar  already  vast  and  widespread  pootssslooa  Is,  however, 
altogether  Improbable.  Only  strict  asesssity  would  In  lues  the 
BstloB  to  consent  to  this,  for  our  ooIodIss  sad  par  settlsmsnls, 


»x 

The  Bank  return  published  this  week  is  not  so  favorable,  the 
pitipertion  of  reserve  to  liabilities  having  declined  from  43}  to 
80|  par  cent.  A  falling  off  in  the  strength  of  the  Bank  may  now 
be  expected,  but  it  will,  probably,  be  only  temporary. 

Aanexed  la  a  statement  showing  the  present  position  of  the  Bank 
sf  England,  the  Bank  rate  of  discount,  the  price  of  Consols, 
the  average  qaotatlon  for  Engllah  wheat,  the  price  of  Middling 
OpUnd  cotton,  of  No.  40's  Mule  twist  fair  aaoond  quality, 
and  the  Bankers'  Clearing  Hoaso  retam,  oomjiared  with  the 
previooa  foor  years  : 

int. 

A 

ts.iaa.tu 


leri. 

iacladlac      g 

bUla It.t38.n« 

•.811,400 


paatbUli 
PsMkiepaaMa 

OUMr4s»oslu 

ttoMtaaaat  aacart  ttaa. 

OtSaraacarltlaa 

■asarve  of  aoiae  sad 

cola 

0>ta    aad  balllon  1e 

both  dapartmasu. 
"  raM 


tl»tf.l«T 
:s.ooi,o«8 
i«,en,4at 


8.»i!i.iia 

I7,N1.7II 
ll.t»8.8:S 
li.lt4.cU 


lan. 

A 

ts,Bnjos 

•.tTD.srs 
18,847.180 

it,tn,isi 

Ull«8,ai8 


lft,XI,SlS    lt,4IT.in    U.448.Sn 


84  411.848 
tMP.  e. 

BSa.  7d 
OXi- 


tt,7(t,ast 

6p.  c 

Six 

L  na.  M. 

»>.d. 


ti.t«7.:to 

ftp.  c. 

.•Si 

»Xi. 


tit. 


UT4. 

18T5. 

tl,li7ltS 

A 
88.090,1(1 

4.1«lt,18« 

i.«m.Ki 

iT.n8.tii 

»l.878.5ia 

1S,«8.»IS 

lS.88S.8a 

I8.«18,t0t 

to,ou.att 

8,83e.«0S 

10,8et,!40 

1«,<&1.S4S 

ts,sia.t» 

6p.  e. 

8  p.  C. 

nx*i. 

4ai.  ad. 

48*.  Bd. 

7\-d. 

•Xd. 

■Mbab  wheat 

itdTUpUBdcattaa     .. 
■o.4Saala  rare  fair  Id 

aoalitv la.  Slid.     la.  tyd.     la.  lyd.         la.  Od.        1>.  Od. 

0UarlBcaoaaarataTBin,4«8,a00  131.408.000  14«.r.S.O00  1tS,«IS.000  US.TS4.0U0 

Ths  following  are  the  rates  for  money  at  leading  titles  abroad  : 


Parte. 


Bask  Opaa 
rata,  market.  | 
per  cant,  par  cant. 


Bambors 

BarilB 

risakfort 

YlaaaaaBd  Triaau... . 
Madrid,  CadU aad  Bar- 

ealona..  ._. — 
LI  (boa  Uidpparto.. 


4 

t 
4 

»x 

»x 
i 


Bnaaala 

TariB,  Floreace 

Boma 

Uilpalg „.... 

0«Boa 

Oaaava 

New  Tofk. 

OdrstU 

Cop«nba««n 

OontlaaUDopla 


Bank     Open 
rate,  ntarket 
percent,  paroact. 


and 


*X 

B 
9 
8 
ft 


10 


*x 


8 

^^. *X 

8l.  PaUnhafa SH      ^X 

There  has  been  a  renewed  demand  for  gold  for  export  this 
wash,  and  a  eonaidsrable  supply  has  been  taken  out  of  tho  Bank 
on  account  of  the  German  Mint.  The  silver  market  has  been 
dull,  and  the  quotations  are  rather  weaker.  The  prices  of  bullion 
are  as  follows : 

eoLS. 

BarOold  per  os.  itandard. 

BBrOold,ane per  oa.  iUndard. 

Bar  Gold.  raSnabla par  oa.  aiaodard . 

Bpaalab  Doobloooa peros. 

Boats  Ancrleaa  DonblooBS peros. 

OaltadSu'M  Gold  Cola  peros.      . 

an.vaB.  a.    d.      a. 

BarBnvar.rina per  oc.  aundard     MS      4k. 

Bar  SUvar.  con'nc  8  gra.  Gold par  or.  aiandard.    67    1-1(9 

Kasiean  Dollars pares.    KX 

■psBlab  Dollara (Oaroiaa) peros...  nr>na  hare.  .. 

fivs  rraac  Pleeea peroa,    .... 

(isickailTer,  Alt  per  bottle.    Difcount.  S  par  cant 

The  periodical  aale  of  bills  on  India  was  held  at  the  Bank  of 
England  on  Wednesday.    Ths  amoant  allotted  was  £700,000, 


t.  d. 
n  ««( 

77  11x3 


s.  d. 


d. 


5S4 


THE  CHRONICLE. 


[December  18,  1875. 


viz.:  to  Calcutta,  £370,900;  to  Bombay,  £209,000,  and  to  Madras, 
£53,500.  Applications  at  1b.  9  7-lCd.  per  rupee  received  9  per 
cent.,  sliowiog  a  falling  oST  in  the  demand  tor  the  ut^ana  of 
remittance  to  the  East. 

Six  failures  are  reported  in  the  Stock  Exchange  this  week, 
owinf;  to  the  heavy  losses  which  have  been  sustained  of  late  in 
speculations  in  Peruvian  and  Egyptian  »erarities.  As  regards 
the  latter,  a  considerable  advance  has  been  esiablisued,  while  the 
value  of  SufZ  Canal  shares  have  risen  iu  Paris,  during  the  last 
ten  days,  from  070  francs  to  815  iraocs  per  share.  Peruvian 
stocks  have  been  much  depressed,  no  information  having  yet 
transpired  with  regard  to  the  payment  of  the  January  coup  m. 
Most  British  railway  securities  are  also  weaker,  and  in  the 
American  market  only  a  moderate  amount  of  business  has  been 
transacted.  The  rectut  losses  iu  speculative  stocks  have 
been  so  great  that  a  f;reat  increase  of  caution  is  ap- 
parent, and,  consequently,  the  amount  of  business  in  progress 
is  small.  Dealings  in  securities,  as  well  as  iu  merchandise,  may 
be  expected  to  be  on  a  restricted  scale  until  the  trade  of  the  new 
year  is  fairly  in  operation,  but,  even  iheu,  it  is  doubtful  if  tliere 
will  be  any  departure  from  the  policy  of  caution  which  has  uow 
been  displayed  in  commercial  circles  for  so  long.  There  are  still 
uncertainties  existing  about  the  political  future,  and,  until  Par 
liament  has  met  and  discussed  the  question  of  the  purchase  of 
the  Suez  Canal,  it  is  not  considered  to  be  judicious  to  do  other- 
wise than  trade  within  strictly  legitimate  limits.  So  doubt,  the 
longer  a  revival  of  business  is  delayed,  the  more  active  will 
eventually  be  our  trade,  as  stocks  of  manufactured  goods  are 
daily  becoming  less  extensive.  We  must  always,  however,  bear 
in  mind  that  competition  will,  in  future,  be  more  keen,  owing  to 
the  increased  importance  of  foreign  manufactures  ;  but  it  may  be 
added  that  the  wants  of  the  world  are  annually  increasing,  and 
that,  when  confidence  has  returned,  those  wants  will  be  unusually 
great.  It  is  seldom  that  the  trade  of  the  world  is  so  universally 
contracted  ;  but  the  time  may  come,  when  confidence  universally 
prevails,  and  when,  in  consequence,  business  will  assume  a 
degree  of  unusual  activity.  There  are  not,  however,  any  indi- 
cations at  present  that  that  period  is  near. 

The  weather  lias  become  quite  severe,  and  there  has  been  a  fall 
of  snow  throughout  the  country.  We  are  induced  to  believe,  there- 
fore, that  the  Winter  having  been  commenced  tliua  early,  it  will 
be  a  severe  one.  The  further  prosecution  of  sowing  wlie.it  is  of 
course  stopped,  and  there  is  no  doubt  of  the  fact  that  the  area  of 
land  under  Winter  wlieat  is  much  below  the  average.  It  is  more 
than  probable,  therefore,  that  the  nexi  harvest  will  b»  a  small 
one,  as  the  price  of  wheat  is  not  sufficiently  high  to  induce  farmers 
to  sow  any  additional  quantity  of  importance.  Tha  trade  daring 
the  week  has  been  firm  in  tone,  and,  in  some  instances,  prices 
have  improved  Is.  per  quarter  ;  but  no  activity  is  apparent,  the 
supplies  in  granary  and  afloat  being  very  large. 

According  to  the  last  weekly  return,  which  is  for  the  week 
ending  November  87,  the  deliveries  of  English  wheat  in  the  1.50 
principal  markets  of  Enjr'and  and  Wales  amounted  to  45,019 
quarters,  against  03,653  quarters  iu  the  corre.ipond  ng  period  of 
last  year.  It  is  cr)mputed  that  in  the  whole  Kingdom  tliey  were 
180,200  quarters,  against  3.54,600  quarters  in  1874.  Siiice  harvest 
the  deliveries  in  the  150  principal  markets  have  been  62S,780 
quarters,  against  817,051  quarters,  and,  in  the  whole  Kiugdom,  it 
is  estimated  that  they  have  been  3,515,000  quarter.-*,  against  3,268,- 
200  quarters  in  1874,  showing  a  deficiency  of  753.200  quarters. 
The  following  is  an  estimate  of  the  quantities  of  whtat  placed 
upon  the  British  market  since  the  close  of  August : 

1SI5.  1374.  187). 

CWt.  CMt.  CWt. 

Imports  of  wheat  since  barve8t....l7,593.F69    H,ii45,l49    11,404,189 

Imports  of  flour  since  harvest 1,540,419      l,i74,S^i      1,400.09! 

Deliveries  of  home-erowiiproduco.ll.317,G30    H,7M,l)lb    13,7i8,744 


Messrs.  Barioff  Bros.  &  Co.  give  notice  that  they  will  shortly 
receive  a  sum  of  about  £32,000  for  distribution  among  the  holders 
of  South  C'aroliiia  Fire  Bonds,  on  account  of  Interest  accrued  since 
the  Ist  July,  1868. 

The  imp'Ttj  and  deliveries  of  tobacco  in  London,  in  November, 
and  the  stocks  at  the  close  of  the  month,  were  as  follows  : 


DXLIVBRIRS,    IMPORTS  AND  STOCK  IK  NOVEHBSR. 


Kx-  Duty  Bond- 
ports,  paid.     lug. 
Virginia  and  Kentucky...  71  S61 

Maryland 4  71 

Ncgrohead&Cavcudi»h...60i»-  a 

Havana  and  o'.liLT  cigars.  1U4  VRl 

Havana,  Cuba  and  Vara. ..     4  88 

Brazil  and  Porloltico  loaf.  ..  4 

St.  Dominsjo  leaf 3 

Cuinmt)i,'tn  and  Palmyra. ..  43  305 

8.  A..  Piragusy  &  Vailnas    3  S83 

Java StU 

E.I.,Unnlla,Cbiua<&Japan.e31  l.Ti3 

Turkey  and  Greek 46  716 

Amer^roortandOerman  ..     i  1.001 

Seedleaf,  Ac 10« 


1U3 
31 

133 
43 
16 


6-i 
SO 
70 

410 

4i 
33 


Navy. 
180 


ToUI. 
866 
106 
744 
8«8 
lOS 
4 
8 
313 
331 
9.3« 

2,766 

1,651 

1,045 
139 


Im- 
ported. 
837 
1«U 
864 
799 
139 
44 

ig» 

61 

453 
3,941 

S,3«« 
130 


DXLIVKRMS  or  TOBACCO  rSOV  JAS.  1  TO  NOV.  27. 

1873.  1874.  1873. 

Export hbds.  1.S58  1,574  1,510 

Hometrade 7,068  7,414  7,767 

Bonded I,'ii7  1,706  1,786 

UseoflheNavy 221  198  162 

Total 10,504  10,892  11,285 


Stock 

Nov.27 

l-.',883 

1,.'S0!I. 

5717 

.'.,:« 

l.-Wi 

730 

^7 

3,740 

4,935 

ll.«9» 

31,493 

1S..W7 

14.610 

l.Jl 

1872. 
I,iU5 
7,815 
1,M9 
81 

10,780 


Kif.;ll«!i    tiarket   Itoports— Per  Cable. 

PheiailyclosingquotatioQsiuthe  markets  of  London  and  Liver- 
pool for  the  past  weuk  have  been  reported  by  cable,  ae  shown  in 
the  following  summary : 

London  Money  and  Utock  Market. —  The  bullion  in  the  Bank 
of  England  has  increased  £305,000  during  the  week. 

Sat        Mod.       Tnee.      Wed.       Thur.  Fri. 

OODBOls  for  money 93  15-16  93  13-16  93  13-!6    9S  13-16  93  11-16  93  18-16 

"      account al  1-16    93  15-16  93  15-lS    93  16-16  93  13-16  93  15-16 

0.8.  6b  (5-208,)  1866,old.l03X      503JJ         103J4        104             104  IfMli 

"        "          1867 ,109>i      109>i          10»X     xl065i          106Ji  106X 

a.8.10-40« 108           lOU               106K         K%y,           106^4  lOKH.' 

Naw5B...... lOi^      104;^         lOIK        105             105  105 

Tb  a  quotations  for  tJnited  States  new  fives  at  Frankfort  were 

,0.8.newOveB 99H        ....         m%       99X  ....         99H 

lAterjtonl  OoUon  Mir/ctt. — See  special  report  of  cotton. 

Liverpool  Breadstufis  Market. — 

Bat.  Mon.  Tttes. 

s.  d.  8.    d.  s.   d. 

Plour(Weaiern) Wbhl  34    0  24    0  24    0 

Wheat(Ued  W'n.  epp).¥ctl    9    3  9    3  9    2 

"      (Red Winter)....    "     9  10  9    10  9  10 

"      (Cal.  White  club)  "    11    0  11    0  11    0 

Corn  (W.  mixed)  B  quarter  82    6  32    6  3i    9 

l>eas(Uanadiau)..W  Quarter  41    0  41    0  41    0 

,     Liverpool  Provisions  Market. — 


Wed. 
t.  d. 
24  0 
9  2 
9  10 
11  0 
32  9 
41    0 


Total 30,451,993 

Deduct  exports  of  wheat  and  fluur.       74,418 


Result 80,37t,580 

Average  price  of  EiigllEh  wbeat  fur 
tbe  season 4Tb.  lid. 


27,fi28,459 
130,727 

27,495,732 

45s.  3d. 


20,6i3,6-16 
l.W4,059 

2.'.,359,5(i7 

618.  lOd. 


1872. 

CWt, 

14.S2«,.W7 

i;8ffl,138 

13,816,851 

30,268,549 
92,831 


30,175,713 
558.  4d. 


The  following  figures  show  the  imports  and  exports  of  cereal 
produce  mto  and  from  the  United  Klngdniu  since  harvest,  viz., 
from  Sept.  1  to  the  close  of  last  weak,  compared  with  the  corre- 
sponding psriods  in  tlie  previous  three  years  : 

IMPOKTB. 

1875.  1874. 

Wheat CWt.  17,593,969        11,615,149 

Barley 2,1)91,746         

Oate 2,5  3.185 

Peas 277,478 

Beans ' 932  383 

Indian  Com 6,78.\833 


Flour  ... 

Wheat CWt. 

Barley 

Oats.. 

Peaa 

Beana •.  .  .. 

Indian  Com 

Flour 


1.540.449 

BXPORTS 

69,905 

7,167 
72.414 

4,147 

3.2S2 

7.589 

4,513 


4,572..300 
2,37i.036 
375,640 
68i,176 
S,2W,3,-f2 
1,27  (,3«i 


1873. 
1!,40-1,189 
2,207.613 
2,097,039 
210,413 
79!l,!i61 
4,774.383 
1,4U0,693 


1879. 

14,822,5.57 
4,45':i,790 
■2,767,828 
4il3,5-J8 
t.<i8,116 
7.-}5i.s;ft 
1,629,133 


109.8^9 
50,018 
28,894 
3,459 
763 
31,-61 
21,418 


1,216,113 
14.470 
12,663 
6,682 
347 
56,0ert 
57,916 


87,3r.7 

2,S.58 

7.666 

2,033 

580 

5,r,6S 

5,464 


Sat.  Mon.      Tues. 

8.  d,  *.   d.  a.  d. 

Beef  (meSB)  new  V  ice 92    6  92    6  94    6 

Pork  (mess)  new  ^bbl...        90    0  90    0  88    0 

Bacon  (l.cl.mld.)aowV  CWt    54    0  54    0  5:1    6 

Urd  (American)  ..."         59    0  59    0  59    0 

OheesefAmer'n  fine)    "         51    0  54    0  54    U 

Liverpool  Produce  Market. — 

Sal.  Hon.  Taes. 

s.  d.  B.  d.  8.  d. 

RoBln  (common). . .  flcwl..    6    3  6    3  5    3 

'•     (pale) "        16    0  16    0  16    0 

Petroleniii(reflued)....V°;a]       11  11            11 

;»piiits) "            9  %X          8M 

PallowfAmerican). . . «  cwt .  48    0  48    6  48    6 

01overseed(Am.  red)..    "     50    0  .50    0  50    0 

Spirits  turpentine "     85    0  93    0  25    0 


Wed. 

B.  d. 

92  6 

8S  0 

53  0 

59  0 

64  0 


Thur. 
B.  d. 
24  0 
9  2 
9  10 
11  0 
32  9 
41     0 


Thnr. 
B.  rt. 
92  6 
88    0 

53  0 
59    0 

54  0 


Pr!. 
a.  d. 
24    0 


KrI. 
8.  rt. 
92  6 
88  0 
53    0 


Wed. 

s.  d. 
5  3 
16  0 
11 
8^ 
48  6 
50  0 
25    0 


Tlinr. 
e.  d. 
6  3 
16    0 

8X 
48    6 
50    0 
25    0 


Kll. 
B.  d. 

5  3 
16    0 

11« 

8.V 

48     6 

60    0 

25    U 


London  Produce  and  Oil  Markets. — 


Sat.        Mon. 
£    a    d.  £    s.  d. 


TueB. 
£    s.  d. 


Un8Mc'ke(obl).VtEl0  10  C  10  10    0    10  10  0 

UHBeed  (Calcutta)....      61  0  51    0         51  0 
4agar(  No.  12  D'ch  Btd) 

ouspul.gcwt 22  3  52    0       23  0 

Sncrmoil Stun. 95    0  0  95    0    0  95    0  0 

Whaleoll "    34    0  0  .34    0    0  34    0  0 

Unseed  oil.. ..»  cwt      25  0  25    0       24  9 


Wed.  Thur. 
£  s.  J.  £  3.  d. 
10  10    0    10  10    0 


51     0 


51     0 


23 
95  0 
.34     0 

24 


93 
95  0 
31    0 

24 


Prl. 
£   8.   d. 

10  10     0 
51     0 

0 
0 
0 
y 


23 
95  0 
34    0 

■24 


(giommcrciat  mis  ittigfcHaugoua  News. 

IMPORTB  ANiJ  RxpoHTS  KOR  THB  Wkkk. — The  imoorts  this 
ireek  show  a  decrease  In  both  dry  goods  and  geuersl  mer- 
chandise. TliB  total  imports  amount  to  $4,901,413  this  weels, 
against  $3,447,128  last  week,  and  $3,983,749  the  previous  weeli. 
The  exports  amount  to  $0,340,980  this  week,  against  15,100,801  last 
week  and  $5,549,353  the  previous  week.  Tbe  exports  of  cotton 
the  past  week  were  18,900  bales,  against  13,317  bales  last  week. 
The  tollowingaretbeimports  at  Kew  York  for  week  enuinir  (lor 
dry  goodsl  Dec,  0,  and  for  the  week  ending  (for  general  uier. 
chandise)  Dec.  10 : 

rORSiaM  IMPORTS   AT   HIW  TOIIK  VOB  TBS   WKKK. 

Dry  (roods 

Qeneral  merchandise... 

Total  for  the  week.. 
Previously  reported  — 


1872. 

1873. 

1874. 

1875. 

»891.S18 

1615.161 

tfl31.3.^ 

»1, 024.670 

3,552.843 

3.903.703 

4,601.000 

3,^76.743 

13.913,566 
403,869,087 


»4,5!9,164 
864,159,112 


15,531.353 
365,140.528 


t4,90!,4:3 
806,414,236 


Since.Tan.  1 »407,81-J,«53     1868,978,276      1370,677,886    1311,315,619 

InoorrapoTt  of  thedry  goods  trade  will  be  found  the  imports o{ 
dry  goodafor  one  week  later. 


December  18,  1675.J 


THE   OHTIONICT.F 


585 


The  (oUowlnit  ii  asiat«meut  ol  tba  0Zpon*(ezola8iTe  of  ipecie) 
from  the  port  of  New  York  to  foreign  ports,  for  th«  week  ending 
0«oamb«r  14: 

■zrom  raoa  mm  raas  Fen  tbs  wbsk. 

ins. 

t<UW.990 


I87t. 

ni.aiB.9u 


1873. 


18T4. 
MS.SII.MO 


For  tba  w««k 

PieTtoailj  reported. 

miieaJ«a.t ttlS,SM.«4r     ti$UV^(     t3T«.8S^t.TO     t3l5.4&1..!«) 

The  fnllowinif  will  (how  the  export!  of  specie  from  the  port  of 
Sew  York  for  the  week  endini;  U.%.  11,  1875.  and  siuce  the 
be^nainK  of  the  jesr,  wiih  s  coiupsrisoa  for  the  oorrwpoading 
date  in  previnas  Txars : 

Dec •— Str.  Kiop5tock ^.Loodoa SUrerbtr^ $1S.1o! 

ParU 81lr«rb«r<  1»  "wj 

Dec  11-Str.  Labrsdot Iljrre SilTerbmra...  ivno^ 

SUTsroplu «,~.^ 

Dsclt-«tr.  Cityof  Berlla..  .LivKpool ....... Jtl'ver ten CT.mS 

Dk.  II— 8tr.  AdrUUc JJretpool ttUTerteis H.OoO 


Itortbeweek $»0,5W) 

PrarkMaty  reported _   «J,»sii,3i5 


Base  tlaia  la— 


$•7,971,748 
.  tW.9n.M4 

.  m.ian.vn 


Total  liacs  Jaaaary  1.  UTS 

Same  time  la— 
Wi •SOtl.tSl  I  ItM 

tan M.i4a,i**  I  isn. 

WIS .• M.9NL87  I  UtT, 

im •l.tM.MI  I  MM 

!»».  47.SM.Snl 

The  imports  of  spede  at  this  port  during  the  past  week  have 
been  as  follows : 

Docs-^tr.  AdrMie „U*«n>oai.. OoMcaia 

Poe. 7 -Mj.  Alpo Otfttatftaa SIlTcreoio 

Uoideola 

OoMeola. 

..Oo*4a>te. 

.rioMcelB. 

.OoMooU 

,. Gold  cola 

.SIlTCresta. 

Uoideola 

Oolddaat 

OoMbaUloB 


DMi  t-Slr.  Oolabaa. Hal 

Dot.  »-llu.  riMa JUne 

Doe,  t— auXreroadolot L«<aarra..  .. 

Doe.  •-«».  AtUu ruaat 

DK.I*-it«r.ai7orif«wrortr.IUniia 

Dccll-au.Asayalea JUptawaU.... 


Pec  I!— 5wUiotls«d Aatwwp.... 


tlsMla- 


.4n,T4XMI 


.tX*.v*.\!it 
.    l.'IM.Mt 

.   tjntjm 


PiwIoiIt  rwoilsd. 

Talal  oiaeo /aa.  I.  lani. 

■aaetiaaia— 

ISa-v .;::::  :;:;;;:;;::.ttgia 

tm istUM 

l»I« n.S»,4S4 

— We  lako  pleasure  in  calUag  attention  to  the  boainoaa  card  of 
Messrs.  F.  W.  Oillsy.  Jr..  *  Co.,  baoken  aod  brokers,  which  will 
Im  foond  on  the  ftrat  pa<(e  of  thl«  iisne.  TUe  Brio,  composed  of 
Mr  •■'  ^v  "'ley,  Jr..  E.  8.  aUlejr.  and  J.  N.  Tappaa,  as  special. 
h»i'  age  of  a  long  ezpeileoci  in  WaM  mrect  aSalrs,  and 

a  T\f  .'in  tba  Stock   Exchange,  on  the  part  of  sona  oi  iu 

iBMBbers.  ao'l  will  exeeala  alt  orders  lor  the  purchase  or  sale  of 
gold,  sacaritias  and  forsign  azcbanga.  on  oontm'iasion.  I'arllRuUr 
•ttaalioa  is  paid  to  laTostmants.  Deposits  reeeirod  sabject  to 
sighl  ehsck.  sod  interest  allowed  on  daily  balaneas. 

—Meases.  Blake  Bras.  *  Co.,  of  33  Wall  street,  offer  to  partivt 
daslriag  a  oafa  Inraatment  the  six  prr  eeat.,  currency,  bonds  of 
the  eUy  ol  Hartford,  Coon.  Tbwe  l>ooda  are  doe  in  18U1.  The 
intarsst  is  payable  in  Boaton  in  January  and  Jaly.  The  aaaassore' 
ralMlioaof  the  City  of  Hartford  l«  fifty  million  dolUr<  ($S0.00«).. 
000./  Th*  total  debt  of  the  city,  loclnding  thii  loAn,  is  l»a<  than 
tbrM  nllUoo  dollars  ($8,000,000.) 

— Th«HawUUMlFin>  losuraore  ('.jiD(*any,of  No.  11  Wall  street, 
haadacUnd  Its  oanal  seiDi.annujl  dividend  of  five  per  cent,  ami 
alto  ao  extra  dividaod  of  five  per  cam,  payable  on  aa-l  after  Jan. 
I  aexi.    Traaatar  hooka  clow  I>ee.  30.  aod  rr.r>p-n  Jan.  3. 

—Tba  Western  Union  Telegraph  Ctmpaoy  has  deeUrad  lis 
nsoal  quarterly  dlridead  of  two  per  eeat,  for  tlie  three  incotbs 
ending  Dec.  81.  payable  at  the  offloe  of  the  Trvaaiirer  on  and  after 
Jan.  IS  next.     Transfer  books  clos-  Dec  20  aod  re-op«o  Jin.  17. 

— Tha  Illinois  Central  Ktilroad  Company  bas  declared  a  divi. 
d»nd  of  four  per  cent,  payable  on  Feb.  1  next.  The  transfer 
books  elose  Jan.  IS,  and  raopm  Feb.  3. 


BMIiSfi  AUK  FLimCUL 


lUltROAD  BOMOe.-' 


mA.« 

floeator 

•>.  U.AB.  rinl 

T( 


bwjoe  wlob  la  BITTnrKBU..  write  tu 


;  *  CO.,  Mo.  1  tra'l  atnat.  5.  T. 


xDa. 

naMBl_BR.flMllarlita«erparcaatQold  Boad,' 


ftB.  riralMortMserparesntOel 
Ltads aad  Ladflcfip,  for  «le  l» 


All  nuoT,  a  WUnnn  ft,  H.  T. 


Oaallla  alifta  Rsw  Torn  Btoik 
aTopsreaaL 


BTOCES 

ibxagblaadtoltbj  aa  oa  aiargta  «c 


llaaBdalst  at  eaalstwe  par  eeat  Ilea  aafkel  oa  sMoabaraof  tbo  Ifowrork 
■iiikisii  artsMsasmopartlsa,  Lofxo  aooM ters beaa lasllxod  Ibnu^jii  j 
«if»   rMer«sBsssisaaiaa*atas 


Wmm  IWaaril, saalraiaaatfafei of  olae*  Ibr  ■  daya 
It*.  wMIs  sisBj  jkssswi  dofeswat—i  wit  bo  nalned.  Adi 
ttoafatalatMd.  fliaiiiln,  Mslsls'nB  eaioaMo  aUtMieal  i 
ifcewtSB  hew  WsB  otwst  ■>— lliisi  sroeoadactcd  ooat 

■a.  AiMiess, 


wllboul  ruiibei 

AdTtraand  infnnoa- 

laforauiiou  aad 


by  aall  or  wire  sad  ptnmpUy  Mceated 

TUWBBIOei  *  OD..  Baakan  and  Brnkoi?. 

aa.tWaaMMit  i.T 


€l)t    Cankers*    ©a^tte. 

NAriONAL  B.INKS  OSGANIZBD. 

The  ITnited  Statei<  Comptroller  of  the  Currencj-  furnishes  tho 
followinir  statumeni  of  National  Banks  organized  the  past  week : 
4,118— Stnckgrowcra'    National    Bitnk   of   Pueblo,  Vol.    Authorized  capital. 

;»:o<10;  paid-in  capiul,  AtJi.OGO.    C'harlea  B.   Lamborn,  President ; 

Jeffursou   Ra)-nold8,  Oaahler.     Authorized  to   cummencc   buaiucM 

Die.  8,  ItiTS. 
WU— Camdcu    National    Bank    of     Camden,    Maine.      Authorized    capital. 

SSO.UOO ;  paid-in  caniul.   ♦ai.VJO.    HL-iiry  Kniffht,   I'nsideut ;  J.  F. 

SU-lxon,  Ciahier.    Auihorized  to  comm.ncc  bu^inesa  Dec.  l:t,  1875. 
2,3M—Flr»t  National  Bank  of  Webaler,  Sl»tf.    .\nthorlznd  capital.  tlDOOOl; 

paid-in  capital,  (iO.OOd.    Chester  f.  Cnrbin,  Pr>.-<t(1i,ut :  Edward  7.. 

ttpaldluK,  Caahler.    Anlhorisad  to  commence  busiuesit  Dec.  13,  Itti. 


DIVIOENDN. 

Tffo  foUowinc  DIrideods  baTe  receatlr  been  annoanced : 


CoarAar. 


Rallroada. 

Coaaeeticnt  Rlrer 

Pitckban. 

IlUaobCanual 

UtdelOamKqiiar.) 

United  New  Jeraev  (qtiar.),.. 
Manka. 

Weat  Side  

■  ■anraaee. 

lUaUlton  Fire 

MaataakFlrv. 

niacellaBaea 
IFoUs,  Fargo  A  Co. 


Pbb 
Cnrr. 


WBBK  I  HOOKH  Oi.o8Bn. 
P'aai.B.'(Oayi  iLcIaiire.) 


rl  Jan.  J{ 

<  Jan.     1            

4  Feb.  IJan.  IS  to  Feb.  4 

2  lOec.   lOl           

IS  80,Jan.  10  Dec.  91  to  Jan.  i 

4  Ijan.  1  Dec  17  to  Dec  31 

10  [Jan.  1  Dec  90  to  Jan.  3 


4      [Jan.    15ljan.  6  U>  Jan.  16 


FBID.AV.  DECKnBKR  IT,  1875-6  P.  .11. 

Tke    Hloaey    Market    aud    Flnanclnl    Situation. TUero 

has  been  rcmarkablo  iiuiet  in  Wall  Htreet  during  the  past  week, 
and  neither  rpeculatlve  stocks  uur  investmeat  KOCiiritiiM  hare 
aliown  ti  large  ba«in<<iis.  It  isaliuust  invariably  truu  tliiit  diirioji; 
the  last  few  weeks  of  the  year  business  is  comparatively  dull, 
•iaee  all  puties^are  incliuoti  to  bold  olT  until  after  tho  changes, 
settlements  and  disbaraemeuti,  incident  to  tliu   Hrst   ut  January. 

The  traiiaai;tiou8  in  Congress,  including  tlie  intruduclion  of 
sereral  Unandal  bills,  hare  had  no  definite  effect  on  the  markets, 
as  the  protMiblo  course  of  legislation  is  jret  too  uncertain  to  base 
any  action  upon  it.  The  resolution  passed  in  tho  House  by  a 
large  majority,  declaring  its  opposition  to  nil  subsidies,  whotUer 
ia  tbe  shape  uf  lands,  bunds  or  credit  of  the  Oovemment,  seems 
to  be  reoetvmi  with  general  satisfaction. 

Onr  local  money  market  has  worked  a  little  more  closely,  as 
might  Im  expected  totirards  the  end  of  the  year,  and  call  loans 
were  ailranced  on  Thursday  to  7  per  cent,  plus  a  coinutifsion, 
and  to-day  7  per  cent,  gold  ;  these  were  exceptionn  I 
rates,  however,  and  the  bulk  of  bu.sinenN  ha.M  beoo  done  at 
49S  per  cent,  on  Gurommant  collateral,  and  .530  per  cent,  on 
stock  collatorals.  There  is  scaro'ly  any  change'to  notice  in 
commercial  piper,  of  which  prirau  grades  are  in  demand  at  0^7 
per  cent.,  with  only  a  moderate  buainoss  doing. 

On  Tliorsday  the  Bank  of  England  report  showud  a  i;».in  of 
CJOj.OOO  in  bullion,  aod  the  discount  rate  was  loft  iinchaD^i'd  at 
'•i  |>er  cent,     lite  Bank  of  France  gained  l'.i,l)  |.5,0<)0  francs. 

The  last  weukly  statement  of  the  New  York  City  Clearing 
House  Banks,  issued  Dec,  II,  rhowed  a  decreaae  of  |5n.:i00  in 
the  excess  above  their  S3  per  cent,  legal  reserve,  the  whole  of 
MMh  exosM  being  98.118,37.1,  against  $.^.171,873,  the  previous 
week. 

The  following  table  shows  the  changes  from  tho  previous  week 

and  a  comparison  with  1874  and  1873: 

. 1»7». .  1874.  1873. 

Doc  4.         Dec  II.       Direroneo*.        Dae.  19.         Dec.  13. 


i,4tC  Dec.  t*.iM«.IOO  tt84.«n.a0n  $lM,.i:0,li(  0 
ia^lt.400lac  1,.<8I.«00  I4.9I9.8j0  91.!il9.S0u 
19.118.100  Idc        3«!.7ao     >4.m4.100     l7,lfi7,M0 

01 98E.90i>  Doc  s.aas,4ao  >ii).4oBiOoo  iw,aM,>oo 

t1.«B).90D  Doe     1S99.3DU      4R.4'iO,a00      4I,06('.60o 


I«aasaaadls.  t*fl.oat.8a( 

Spocle IXISI.BW 

Olrcolatlos....      ■."'.fi.iUb 
Net  deposit*..    ;! 
Loral  tandrtr 

■■••eCBtai"  "  H"mi«. — Oovemment  bonds  have  been  very 

I    ii"]r  Miihsi  liisii  at  an  a<lvan<:c  nn    last  vreekV   price.i.      It   !;« 

r<-|K>ned  Ikat  there  have  hcon  .'tomu  large  purchasers,  who   are 

snpposeil  to  he  buying   on  spernlalion,  and  intend  to  carry  tho 

bonds  iu  antici|iati>m  of  a  further  advance  in  pri<-e<<  early  io  the 

•     ling  year.     A  part  of  the  supply  of  bonds  to  meet  ihn  current 

'>nd  has  come  from  the  Oermnn  twnkors. 

'  losing  prices  daily  have  l>een  as  follows: 

Dec.    Di-c.    Dec.     Doc.     Dec    Dec, 


Int.  period. 

le.iam ..ref{..JaD.,»  Joly 

ls.liai coap.Jan.  A  Jnlj 

U.  VM'i>,c.lled  b.   .reg.  May  A  Noi, 
Is,  >-*D'a.  called  b. coop.. May  A  Nn> 

Is,  8-tO'B,  1806 roK.IUy  A  Nor 

(O.S-lfa.lSSS eogp..MayA  Nov 

la,&lu'>.l8<»,D.  I..  re(.   ' 
ia,S-90rs,l8SSa.l,coap. 

as,S«rs,IM7 rec 

ts,M8^s,IS(7  ..  conp. 
la,M>'*,l8s« rcr. 

tsivarsiisae conp 

to,  I*  40*1 reic. 

tS.lO-tO'a coup. 

Is,  food  ed,  1881 rcff 

la. faaded.1881,  ..reap 
Is  Cairencv nt. 


.Jan.  A  .luly 

Jan.  A  Jnly 
,  Jan.  A  Jaly 
.Jan.  A  Jnly 

Jan.  A  Jaly. 

Jan.  A  Jaiy.*lfiV  *l*tV 

Mar.  A  Sept.    U'H    ir,)( 


II     .   13.         14.        lA         is.       17. 
II9X    U9H    1I9K    IIDK    11»X    mu 
U«     •;9I     'IMS  •1?tV  ♦'»5     »tSA\ 
!14     •!»!< '115      'lis      'lis      'lUX 

iiJ  •i:4;<  ♦^.^  iir.j« 'lib  •it4ji 
lis,**  'iiSH  ii».V  'iiSH  *n«  'tiss 
Il.-J<  'UiH  •li:.«    IIHV  'I'liK    111); 

ii-ji   M-.H  inn  ii75<   I17J.  •iiij, 

ISiJi    laiii    IWK    i*»i    1*1       1°M)t 

119    •imx 'iin    'iw    •iinx'iikv 

\n'A    ItiS    193       193X  *It8>i    mv 
•  19      'I^      'llllJi  'Ilfc^i  'MUM  •ll!t,<« 
198       !9^      ".aoi  'US 
1J7«    li7«»    1I7H    xnX 


Jlar.*8«pt.*lI7X'II7H  •117J,-«I19     'IIHK  '\Uit 

■\j.    1  ■  -  "       

(iaatterly 


Qnarterl 
. . .  uaatter 
Job.*  Jul/ 

•Tklslstks  pctcsMdi  no  M(«  was  mads  at  ths  Boars. 


1I7X 
117^ 
•199 


117 


117 
117J» 


ii'X   1I7X  ms 

117K    lilt        UN 

ma  i«x  ittH 


58 1> 


THE  CHRONICLE. 


[December  18,  1875 


The  ran^e  in  prices  since   January  1,  and   the  amount  of  each 
class  of  bonds  outstanding  December  1,  1875,  were  as  follows: 


68,1881 teg. 

60,1381 conp. 

6b,5-»0'»,  1364 conp. 

6a,  fr-SO's,  18V coop. 

6a,5-Wl,186S,  new, coop. 

6«,5-90>,  1867 coop. 

68, 5-30's,  1868 coup. 

58,ia-40'8 ..TCg. 

6a,  10-40'8 conp. 

6s,  funded,  1881. . . .  conp. 
la.Cnrrency ree. 


, — RanKe 
Lowesv. 
.118  Jan. 
.  i:3)<  Jan. 
.lUa  Nov. 
.lir)V  Nov. 
Mia  Jan. 
.USX  .Tan. 

118  Jan. 
.113)^Mch. 
.\ia\  Mch. 
.118s;  Jan. 
.117K  Jan. 


■Ince  Jan.  1.- 
HlKheat 
1S2J4  May 
136M  June 
141  Apr. 
inn  June 
8  1J4K  June 
U  lUX  Jnne 
n'iiRii  June 
6  I18X  June 
4  IK-XAug. 
SI  119  June 
4ll85XNov. 


.^   . — Amount 

ReKlatered. 

2«  tl93,S7T,6SO 

17  

27  JO.fi04,030 

18  33,8!II,8.'>0 

17  69..^23,500 

28  89,096,810 

18  !4,6M,5C0 
18    141,643,300 

2S  

38    216,102.0.>0 
23      64.623.612 


Doc,  I . 

Coupon. 

89,3'58',76o 

20,287,050 

llF<.fi43.4lO 

143,3)9.800 

221.5:5,950 

22,843,50C 

52.924000 
219,456,400 


Closing  prices  of  securities  in  London  have  been  as  follows: 


Dec. 
3. 


C.8.68,6-20'8,1865,«lrt..|  103K 

U.  S.6e,  5-20'8,1867 1  10«Ji 

U.  8.5s,  10-40'»  I0.-)!< 

«ew5a 1  104."i 


Dec. 
10. 


103V 

106 
104X 


Dec. 

17. 


Since  Jan.  1.  1875.  — 

Lowest.      I     Highest. 


104V 
10«»< 
I06ii 
105 


I03K  Nov.  8l 

10«>i  JunelS;  .-_,. - 

lOiX  Fob.  13    107     Ang.  18 
102     Apr.  19l  105>i  Aug.  16 


108!^  Apr. 
1  109X  May     8 


State  and  Railroad  Bonds. — There  has  been  some  activity 
in  Tcnnes.sec  bonds  at  lower  prices,  in  consequence  of  a  letter 
from  the  Governor  announcing  that  the  January  interest  would 
not  be  paid  and  that  the  first  accumulations  of  money  in  the 
Tr(!asury  would  go  to  pay  off  the  loans  made  to  meet  the  interost 
of  last  January;  he  also  suggests  the  possibility  of  compromise 
with  bondholders.  The  Treasurer  of  North  Carolina  states  that 
so  few  creditors  of  that  State  have  signified  their  wiiliugnes.s  to 
accept  the  provisions  of  the  funding  act  of  1875,  that  he  has  not 
felt  justified  in  having  any  new  bonds  engraved.  On  construction 
bonds  of  North  Carolina  Railroad  the  receiver  is  paying  coupons 
to  July  and  October,  1874.  In  New  Orleans  the  suit  pending 
against  the  city  depository,  to  compel  the  proper  application  of 
moneys  set  asicie  for  payment  of  coupons,  has  been  decided  in 
favor  of  bondholders.  Louisiana  consols  are  very  strong  and  have 
sold  up  to  61;  Virginia  consols  are  also  strong,  and  there  is  some 
demand  for  l)oth  of  these  on  foreign  account. 

Railroad  bonds  have  generally  been  firm  on  a  moderate  busi- 
ness, and  for  all  the  bonds  of  old  roads  having  sufficiently  good 
earnings  to  ensure  the  payment  of  their  interest  it  is  anticii)ated 
that  there  will  be  a  good  investment  demand  after  the  1st  of 
January.  Union  Pacific  sinking  funds  have  been  weak  and  de- 
clined to  91^,  without  any  apparent  cause.  The  following  were 
sold  at  auction : 

65  shares  Beaver  Branch  KR,  TMiBfonri),  $100  each .38 

S'OO  shares  Union  Cousoii(Ut«l  .Miuiii  r  Co.,  ofTeun.,  $10  each..,,  $:!3il 

40»hare8of  ihelloweMf!.',  (Pin)Co.,  t25  each 3il 

78  shares  Third  Avenue  RR  Co.,  $1-00  each 140@;41 

$9  000  Indianapolis  &  Vincennes  RR.  1st  m^rt.  7  per  cent,  bonds, 

due  1909,  interest  guiraiiteed  by  Pena.  RR 70 

nx  shares  Second  Avenue  RR,  Co,  $100  each,.. 6a}i@ia^ 

$1,000  Buflilo  New  York  &  Erie  I{R.  C».  Ist  mott  7  per  cent. 

bonds,  due  1877.    Int.  June  and  December 86>i 

Daily  closing  prices  of  a  few  leading  bonds,  and  the  range 
sinco  January  1,  have  been  as  follows: 

Dec. 

It, 

fisTenn.,  news...     44 

6iN.Car.,old 

•sN.  Car., new...  "8 
•b  Vlrg.,  consoUd  'TS 
do  3d  series.  *J6 
•aS.CJ.A  J...  rss 
68  Mo.  long  bonds  iitSH 
N.T.  C.&H.  I8t7«  'lii 
C.Pac.,gold6e...  1061^ 
Dn  Pac,  I8t6s.,.    lor. 

do      L'dQr'l7B'100S< 

do        S,F.  8s..      9ty 

Brlel8tM.78 "103), 

N.  J.Cen.lst  7s..  '114 
Kt  Wayne  lat  78.    ".UV 
Bocil8ldl8t7s..,    UOK 
C.  ft  N.W,  gold  78     ii>i 

*Ttalal8theDrtcebld.  noaalawas  madeaime  Board. 

The  Gold  market. — Gold  has  been  quiet  and  steady.  The 
banks  have  been  increasing  their  specie  line  for  some  time  past, 
and  there  is  little  apprehension  of  speculative  attempts  to 
"  squeeze"  the  market,  while  some  parties  well-informed  look  for 
a  decline  after  Jan.  1.  The  policy  of  the  Government  in  regard 
to  hoarding  or  accumulating  gold  will  be  watched  with  consider- 
able interest,  but  it  is  not  probable  that  any  definite  measures,  if 
adopted  at  all,  will  be  passed  until  late  in  session.  On  gold  loans 
the  terms  to-day  were  3,  3)t,  3  and  2i  per  cent  and  flat,  but  after- 
wards at  1-6-i  per  day  for  use,  the  latter  sharp  turn,  though  un- 
expected, was  regarded  as  exceptional  and  temporary.  Customs 
receipts  of  the  week  were  $1,355,000. 

The  following  table  will  show  the  course  of  gold  and  opera- 
tions of  the  Gold  Exchange  Bank  each  day  of  the  past  week  : 


Dec. 

Dec. 

Dec. 

Dec. 

Dec. 

13. 

11. 

15, 

16. 

17. 

•US 

•41 

•43 

im 

•15 

•15 

1« 

•15K 

•lb>t 

•S 

•8 

•8 

■8 

•75 

•76S 

•|7 

•77  K 

•75 

•46 

•47 

•46  K 

•35 

•36 

39 

•86 

•85 

103  J< 

•11I3H 

m% 

lo;x 

11I3» 

•133 

133 

lasH 

125 

iS5 

106  « 

llMTii 

1117 

107 

101 

IIMK 

m% 

104^ 

135 

106 

•100 

'ma 

•99 

10  J  S 

lUOX 

aSX 

93 

91 H 

93  « 

93  K 

•103  (< 

'ms 

•max 

1JI',< 

•104 

•lis 

115H 

•115 

•115 

•:i5 

ll.^ 

•114 

•1155< 

•I'.liX 

•imx 

•l:OV 

ii"x; 

•1K% 

83)4 

86 

86 

SSH 

S5 

Jan  1 -^ 

lllgheBt. 
SS^Jan.  5 
39  Jan.  18 
16  Jan.  7 
69X  Oct.  28 
5a  Oct.  3 
39  Dec.  15 
lU3)i  June  33 
135  Der;.  16 
107>i  s.-pt.30 
106S  June  30 
103X  Sept.  30 
9;k  Aug,  25 
107),  May  6 
U5X  Dec,  8 
116  Nov.  8 
UIK  June  5 
Si\  Nov,  27 


Forelen  Exchanse. — There  has  been  more  business  in 
foreign  exchange  this  week,  and  at  times  there  was  quite  an 
active  demand.  Bankers  are  the  principal  purchasers,  and  im- 
porters seem  to  be  doing  very  little.  To-day  the  leading  drawers 
advanced  quotations  to  4,80  and  4,90  for  long  and  short  sterling 
respectively,  but  this  proved  to  be  too  high  for  the  demand,  and 
later  in  the  day  they  were  reduced  i  point.  A  pretty  good  busi- 
ness was  done  for  to-morrow's  steamers.  Closing  quotations  are 
as  follows  : 


, Quotations , 

Open-  Low-  Hish-  Clos- 
ing,    est.    est.     ing. 
Satnrday,  Dee.  11....r.4>i  !14H  114X  IHJi 


13....1I4K  ll4)i  114>i  114K 

14  ...114%  ll4>i  U4X  lll.'j' 

15  ...114%  114Ji  114>i  114% 

16  ...114J<  11«J<  114%  llljf 

17  ...114%  114%  114%  114% 


Total     , Balances. , 

Clearings.        Gold,    Currency. 
$33,766,000  $1,616,768  $2,19I,S!4 
2I,;69,000      l,iai,50!)     1,801,995 
"  """      1,040,500     1,:9.5,5!.2 

1,257,129     2,070,161 
833,400     1.157,1()S 
1,178,100      1,319,120 


29, 16' 1,000 
2S,657,000 
19,290,000 
20,347,000 


Monday, 

Tuesday, 

Wednesday, 

Thursday, 

Friday, 

Onrrentweek 114X  114%  114%  114%    142,969  000 

PreTioua  week 114%  114      114%  lU>i  $204,018,000 

JMI.1.1875,  todate...ll8>i  lllX  117%  114%        

The  following  are  the  quotations  in  gold  for  foreign    and 

American  gold : 


$ $ 

1,033,831     1,237,016 


SorerelgDS 

Napoleous — 

X  X  KeichRtnarks 

t\  «5  @?l  SO 
8  8i  ®  3  V3 
4  70    @    4  80 

.  S  95  (dt  4  06 
1  23    @    1  23S 

._par®«prn>. 

-91   ® 

-  IBX® 
4  80    ;* 

-  70    (S, 

-  70    ® 

-  96    ® 

—  9i 

Francs 

Eng  isb  silver, 
Prussian  p  ipcr 
Prussian  sliver 
Trade  Dollars. 

—  19 
4  Si 

thalers.. 
thalers. 

—  7^ 

Fine  fellver  bars  

rine  gold  bars 

Dimes  and  half  dlu.es. 

—  tN 

60  d&ya. 

Prime  bankers' sterling 4,85    ^4.85% 

Ooad  bankers' and  prime  com'l @4.S5 

Good  commercial  4.83    444,84 

Docnmeniury  commercial 4.82    1^83 

Pari8(francs) 6.]8Xa8.15% 

Antwerp  (francs) 5.18%3S  15% 

Swiss  (francs) 5.18%a5.15% 

Amsterdam  (gull  dera) *''%i^    40% 

Hamburg  (reichoiarke) 95%^    95>{ 

Frankfort  (relchmarka) 95%®    85% 

Bremen  (reichmarka) 95S(®    95% 

Berlin  (reichmarks) 95%®    93S4 


-Dec.  17,- 


3  days. 

4.89    04.89% 

4,88%®4.89 

4.87    @4.88 

®4.87 

-^  12% 


4,86 

5,15 

5.15 

5.15 
40«d 
96%. 
»6%i 
96%i_ 
«6%ia 


.12% 
.12% 
40% 
98% 
96% 
96% 
«% 


Railroad  and  miticellaneous  Stocks. — The  stock  market 
has  been  dull  as  usual  in  the  middle  and  latter  part  of  December. 
There  have  been  no  "  points"  on  which  to  operate  and  prices  have 
generally  been  steady.  There  are  some  who  anticipate  an  active 
movement  and  higher  prices  after  the  opening  of  the  new  year, 
but  the  influences  affecting  the  different  stocks  on  the  list  are  so 
diverse,  that  it  is  exceedingly  difficult  to  predict  any  general 
movement  based  upon  increased  values  in  the  several  properties 
which  they  represent.  Union  Pacific  was  unfavorably  influenced 
by  the  reported  sickness  of  the  prominent  operator  who  controls 
this  stock.  As  to  Michigan  Central,  the  President  has  published 
a  statement  refuting  the  recent  charges  made  against  the  com- 
pany's financial  condition,  and  referring  to  the  semiannual 
statement  soon  to  be  issued.  Erie  was  stronger  yesterday  and 
sold  up  to  17i,  but  fell  off  again  to  day.  The  reduction  of  salaries 
by  Western  Union  Telegraph,  it  is  reported,  will  save  the 
company  about  $250,000  per  year. 

Total  transactions  of  the  week  in  leading  stocks  were  as  fol- 
lows : 


Dec. 


Paclttc 
Mall. 

'.1 4„5no 

13 4,000 

14 7,  00 

15 -.     4.400 

16     5,800 

17 11,700 


Lake 

Shore. 

27,300 

22,700 

25,900 

13.700 

18,900 

19,700 


West'n 

Chic.  « 

OhloA 

PacUc  Union 

Union. 

N'west 

.   Erie. 

Miss. 

of  Mo. 

Pac, 

8,900 

i2,.300 

2,000 

2)0 

4)0 

1..W0 

17,400 

4,300 

2,100 

4C0 

•jOO 

3,500 

21,600 

9,400 

1,200 

3,500 

9J0 

3,100 

9,400 

2,800 

17,200 

700 

200 

6,600 

4,S0fl 

4,ioa 

9,3i)0 

600 

500 

3.10J 

3.700 

2,000 

22,400 

1,200 

200 

500 

85.80C 

34,900 

61,200 

6,600 

a.soo 

18,100 

337,856 

119.930 

78O,C0O  200,000 

67,821367  450 

A  comparison  with  the  last  line  in  the  preceding  table  shows 
at  a  glance  what  proportion  of  the  whole  stock  has  been  tamed 
over  in  the  week. 

The  daily  highest  and  lowest  prices  have  been  as  follows: 


batnrday, 

Dec.  U, 
■  •M')i  106 

•ma  ..  . 

61%    63 
61H    6IS 


M.Y.Cen.&H.B. 

Harlem 

Brie 

Lake  Shore.... 

Mlchlgaa  Cent. 

Wabash 4^     «Ji 

Northwest sn^  40Ji 

do      pref.   S6K  56K 
Uock  Island...  im)ilOA!i 

»t.  Paul S5H   3G>4 

do      pre(....    66S   66X 
At.&  Pac.pret.     4        1 
Paclflc  uf  Mo,.     U       13 

Ohio  &Mi8B...    :7K  nx 
Central  o:  N.J,"104y  Its 
Del,,  L.  ft  West  il9J<  119X 

Han,ftSt.J08.    

Union  Paclnc, 
Col.Calc.&l.C, 

Panama 

West,  Un.  Tel. 
At.  &  Pac.  Tel. 

Qalcksilver 

do  pref. 
Pacific  Mall.... 
Adams  Exp 


Monday,  Tuesday.  Wednesday,  Thursday, 
Doc.  13.      Dec.  14.        Dee.  15.         Dec.  lo. 
""      lO.Jj  105X  •I05J«     „..  X104     104 
13IM  131K     1«H  I34X    134H  1341< 


103X  •-Oo\ 
y.aii  1S4 
16X  '«% 
6l'A  62)« 
mx  61% 
•4V  ,.,. 
89%  40K 
56  sex 
104K  IUI% 
85«  86% 
66%    66% 


ua  16S 

60X  61 K 

60%  et>x 

i%  5 

39  >i  40% 

55%  56X 
11)1%  1I'4M 

85K  35% 

65^  66 


ISH 
61M 

39  X 
56  S4 


17% 
61% 
60  SC 

40>i 
56H 


104%  101% 

35V    36 

65%    66 


2J%     33% 

2i       ?3% 

77       73 

76%    77% 

•4        S 

4%     4% 

125     127 

125     123 

76«    7f« 

76%    76S 

1S%    18% 

•18%   50 

13      nx 

1«%    18X 

3IH    31% 

21%   24% 

40%    40^ 

40%    40X 

l(2>i  103 

102H  1(13% 

American  Ki..    fOii  60%  x57i(   57^ 

Oalted States,.    57      57      •55%  57 

Welle, Fargo..  '«i'A   83%    •S3«   85 


13%    12%      IIX    13%      12%      2% 
17       17)j      16%    17%      16%    17 
10.5     lis     '104H  lUo      '101%  105 
119V  119K    ntyi  119%  •liax  119K 
-■       —■      3m    21H    *31       3i% 
7.iX    "!i%      ■!<       "'6 
4X      4%      '4         4% 
135     135     •ISS       .... 
75%    76%      75^   76 
•18J,    30%      1S%    I8i< 
18       18       'IS       18% 
23%    34       -23%    34% 
40H    40%      41)%    40% 
102%  lOiV    103X  103V 
•57       57%      57%    57% 
f.5%   ;5%      55%    55% 
81       81       •SS^    84 


16V  17% 
61X  61% 
60%  60  V 
4%  4% 
39%  89% 
65  V  66% 
101%  :t'4V 
35%  3.-.% 
6j       66% 

i3V  13% 
17       17 

105X  105% 

119%  U9% 
21 V    33 
74%    75% 
in      4% 

135     12i 
75%    76% 
18%    1S% 
13       19 

•33X  34% 
40%    40% 

10;%  102X 
57%  57% 
59><  57% 
S3%    83% 


,    Friday , 
Dec,  11. 
101     101 

isv  16% 

61%  61% 

60  60  H 

4%  4X 

39%  3914 

53H  55% 

101%  101% 

35  K  85  V 

65%  66 

12%    i2% 

16%  18% 
1U5%  105% 
119%  119% 

•31%   2!% 

7,7       75 

•4%  4% 
•135       .... 

75V    .6 
•18%    ... 

18X  18% 
•23X   25 

40  40% 
1U2V  103  V 

59       59 
•57%   59 

64       81 


•This  Is  the  price  bid  and  aaked :  no  tatt  waa  made  at  the  Board, 
The  entire  range  from  Jan.  1,  1874,  to  this  date,  was  as  follows ; 


, — Jan.  1 

_         Lowest. 

a.Y.Cen.  *Hud.  R...100     May 

Harlem 127%  Jan. 

Brie 12%  June 

[^ake  Shore 51%  Sept, 

Michiyan  Central 63     Sept. 

Wabash 4)4  Dec. 

Nerthwest 33%  Oct. 

do        pref 46     Oct. 

■Kock  Island 100%  May 

81.  Paul  28%  June 

do       pref 61     Mch. 

Atlantic  &,  Pacific  pref.    3%  Dec. 

Pacific  of  Missouri 7%  Oct, 

Ohio  &  Mississippi 14%  Sept. 

Oentralof  New  Jersey.  99%  Oct. 
Del.,  Lack.  &  We8tern.l06%  Jan. 

Hannibal  &  St.  Jo 15%  Oct. 

Union  Pacific 36     Jan. 

Col.,  Chic,  &  1.  C 3     Jnne 

Panama 110%  Jan. 

Western  Union  Tel 70%  Feb. 

Atlantic  &  Paclflc  Tel..  !T%  Oct, 
^aickailver    13     May 

do         pref 20     July 

PacificMail 30%  Feb. 

Adams  Express 98     Jan. 

American  Express 50     June 

United  States  Express.  41>f  Aug. 
Wells,  Fargo  «S  Co 71     Aug. 


1875,  to  date^ — , 
Highest. 
107Ji  May     8 
138     Apr.  27 
35%  Mch.  29 
80%  Jan. 
82%  Jan 
21K  Jan 
48>{  Jan 
62%  Jan 
lOOJi  Aug 
40%  Apr.     _ 
67%  Nov.  26 
18     Apr.  31) 
65     Apr.  30 
SajiJan.     2 
120     Apr.  27 
123     Apr.  27 
.30%  Mch.  29 
82%  Nov.  30 
9%  Jan.  14 
172     Apr.  26 
84%  Aug,  17 
29><Jan,  15! 
35     Jan.    61 
44     Jan.    7| 
.,    45K  Apr.    31 
8  101>i  Mch.  2:5 
25,  65     Jan.  15 
11    65     Jan.  11 
281  92  >i  Apr.  30 


, Whole  year  1874. 


Lowest. 
95%  May  19 
118%  Jan.    7 
26     Dec.  10 
67%  June  19 
68%  Ang 
18%  Dec.  29 
34ji  July  15 
51     Sept.  10 
93%  June  19 
81%  May  18 
48     May    5 
10%  Sept.  3 
89%  Jan. 
i'.%  Jnne  17 

98  Jan. 

99  Jan. 
22%  Sept 


Bighest. 
105%  Mch.  11 
134%  Feb.  18 
51%  Jan.  16 
84%  Jan.  16 
9.5%  Jan. 
53%  Jan, 
62%  Jan. 
78%  Feb.  _ 
109%  Feb.  9 
49XJ«n.  10 
74%  Feb.  9 
32  Feb.  16 
48  Nov. 
36  Jan.  10 
„  109%  Feb.  10 
2:112%  Feb.  10 
7    84{,Jan.  12 


16 


23"  June  17'  -38^  Mch.  SO 
8  Sept.  3  32%  Mch.  30 
101  Apr.  20 118  Jan.  9 
68  Apr.  24  83%  Dec,  10 
14  Aug,  25'  20  Nov,  7 
22  V  Aiir.  28 1  36 1<  Nov.  24 
29  June  29,  48  Nov.  27 
33%  Dec.  21 1  51%  Sept.3» 
92%  Jan.  13,120  Nov.  18 
58%  Jan.  2  65-4  Dec.  1 
60  Sept.  28  73  Feb.  » 
69%  Jan.    5   81     Nov.  80 


Dei  ember  18, 187f.] 


THE  CHRONICLE 


687 


maUr*a«  Baralaca.— The  Iat«M  eanings  obuiiuble,  and  the 
totaU  from  Janoarr  1  lo  latest  dates,  are  aa  follows: 

>— ^I^tcsteataiaf*  morted.— -^  Jan.l  tol*te«tdat«. 


,  9<m.  *  &  P«k  If  oath  of 
AtlBBIle*rkcUr...  Monta  tt 


Oct.. 
Nor.. 
Bu.C.Kap.  AMiaa.  Month  of  Nor.. 
Caaada  Soathem..    If  oath  of  Nov.. 

OMtfslPaeUc MaoU  or  Not.. 

Chic  MIL  *  St.  P..  M  wMk  of  Dw... 
Chle.  A  NorthwOTt..  Muathof  Not... 
Ola.  Later.  M  Chic  M-week  of  Not. 
ImTcr  A  RloO....  MoDth  or  Not.. 
•Uoaa.  *  Toaa.  C.  t  wka  ecd  Not.IT 
IIUdoI*  Osatfal  ....  Month  or  Not.. 
ladUna^  Bl.  *  W..  t>t  week  or  Dm. 
laMrn'I  A  GL  North.  Month  or  .VoT.. 

KaaaaiPadtc Month  or  Not.. 

Kwaak  *  Dm  M...  In  wwk  or  Dee. 
MIcklcaa  Coatral. . . .  S  weeki  oT  Nat. 
lloi.KBaeaa*T«z...  Ittweekor  Dee. 

MobUeAOhlo Month  or    Oct.. 

Ohio  *  MiMinlppl..  Month  or  Nor.. 
Rockf.  K.  I.  *  St.  L.  Month  of  Not.. 
SuL. Al.A  T  H.  beta.  lit  week  oT  Dec. 
bt.  L.  I.  ML*  Soath..  IM  week  or  Dec 
!lt.L.K.a  A  N....  Moath  or  Nor. 
81.  L.  A  SoaihaaM...  8d  week  er  Not. 
St.Pwl*8.Cltr.Ac.Menth  er  Oct. 
Caloa  racUe  Month   oT  Not. 


1875. 

OMU 

lt7.819 

isi.ei 

1.M8,(I00 
178,010 

i,*i>,«:a 

9.0J! 

30,410 
1IM,«4 
78I,8M 

»,tt7 

iw.asi 

1)16.103 

li.O« 

iM,UO 

is.7n 

tIMM 

s*r,«M 

S5,M8 

MM* 

iit.ni 

SSCtM 

in,»«5 


1814.         181S.  1S14. 

$1S«,«5«  |1,18«,8<I  t!.<M3.«03 

4to.s.i8  s,n»,na  '<,6ia.uo 

101,187 
9J,J09  

i,s8i.7»  is,BM.ias  ia.isa,4n 

107,000         


),ob3,; 

10.9CS 
i8.6»l 

iM.it:( 

M8.941 

*7.606 

17«,SI« 

r*3i7 

14.781 
«M,S3S 

tttSn 
*a,«n 

iW.S1S 
74,188 

8I,«W 

siiao 

M^3U 


S»,Mt       408,000 


7.180.008 

i.iaSkSS 

I.li7.0n 

3,007,098 

7)ajS4 

1.7(&Mi 
l.H7,n4 
1381,837 

sioisas 

3,4i7.*«7 
1,187.083 

m.138 


4888,888  tt,Oaa,.VN  10,S08,U8 


7,l«.185 
l.SM,!!85 
1.U7.J4-1 
»,«»!« 
893,319 

i,"»s;s* 

l.JIl.TM 
3.000.  M6 

s'liior 

1.178.99* 

tsn.oao 

1,113,094 

8M.9tI 

>.«U,7M 


•The  weekly  eamlnin  or  the  Hoaaten  *  Taza*  Ceatnl  BaUroad  do 


Indade 
tTko 


cvatu* 
appraxtn 


rrim  ihron^b 


^  ..  Beams  Iter  Noraaber.  WIS,  are  here 

actaal  taiires  ror  187*7  The  ... 


^       _       .  -  -    , . ^e  la  the  tUla 

rompajn**  afke  la  ae  follows:  Mualnca  NoTamoer.  WIS, 
JoTMW;  iBCtaaaa,  $108^80. 

rue  vrsaaaeuona  lor  tbs  week  at  thsUaatom  Uooa*  sod  8at> 
TrosauT  hava  b««a  ma  (ollowa: 

Castom   , Bab-TiaasarT 

Hoose     , Becelnlf ,  , 

Beeel*4^  QoM.  Caneaey. 

Dec    11 1148.888      «88UeO  00     t81i.S*4  H 

-     I* 81QM      l,MiONm       M,mti 

"    14 Mi.8ia      auLftUH     aaoiMftOB 

-     U 1801888         4aM»U    8.88\08»  88 

;   '• MM"     2t22"    «ii5« 

" »n.888         I88ja>87       4«,<tT  IB 


-PaToieata.- 


Odd.  Cnrreoer 

•aoi.W  «  t88<>.«8  41 

7M.lfI  88  M*,a43  II 

10I.8M88  .181.440  Rt 

88BJB8  SI  *.«S7.M0  V 

648,781  48  188.1*3  &" 

wj.iai  ta 


TataL. 


......  »l.«».Ofla      I34*,8«»41    ft,M0t«8  88 

.D«.10 4*.aO,«7t  71  4I.«14,(74  44 

.Dec.17 4«.0H,0:8  84  «.M94ia  II 

l««wV*rk  City  Baaks—Ttae  tollowlng  statemeol 
the  eoodltloD  of  tbs  Aasoeiatad  Baoka  of  New  Tork  Citj 
week  eodiocat  tba  •otnmeneeineDt  of  bnsiDSM  os  De«.  II, 
_    _  .    IjSians* 

BewTerfc..... 

■  Ce MMH*      T.IB.M*  '  Btjai     i' 


H.1M  l> 

sbowi 
for  thr 
187S: 


Blalh  %i 

PlrMHe 

niaUeaal  .. 
rstk  Ce.  Set. 


Total Sn/»JM  nB.m.«W  ll(J».4SS  tMJKJOl  MMM.M  IIMIVIK' 

The  davlatloBs  from  the  reiam*  of  tie  prerloas  week  ar«  as 
follows : 


fcseas.. 


..Dt«.  I«4I(J<«  I  !l«l  0«pe«U •»#».  _ 

Dee.     iJBrjkt] 

Tbs  tollowlBf  are  the  totals  for  a  series  of  weeks  past : 

Clree-  Arar«fmtt 

Utlofi.  Cl^artnse 

I'.IU.^a  4U.I4S.U1 

nJBtjns  4iie.MM!t 

I7.ia.mi  i«.iMjw 

I1>tl.im  4n.3NJU 

n^ujm  4iv«,<4i 

l7JU.aS  41 1.741 .71* 

I7.«r.;i»  WMmJtt 

t*Mtjvt  4n.Mn.M 

M.lr.KO  4lSJ*f. — 

IMK.tOlt  4l<,*l|1t 

i4.sia.ins  tajmjm 

ii.;ui.MS  4«>jnji* 

It.lltJUB  CO.INM 


a.»<.  It.. 

Mjni.<«0 

S«*L».. 

lilAlMI* 

iiett.... 

174.WIJU* 

Oct.     >.. 

M.:a.<os 

Oe«.  i«... 

«H1I*.^ 

oet.n.^. 

tmtHin 

ot  at... 

IIMI4,M* 

nee   •  .. 

MjRJJt* 

KeT.i*  .. 

Si^ 

fleeton  Banke— Below  we  fflve  a  atatetuect  of  the  Boston 
.Vational  Banks, as  returned  to  the  Clearinir  House  on  Mondav 
Dec    13,  1875  :  '' 

Bufci  ^S}*!!^      Loans.       Specie.  L.  T.  Notes.  Depo»lt«.     Circol 

Wlaj... '•!S!-<5*        ».«4.aO0  SW  S7,S0O  »7.Sa(l         JSilu 

S.".5l'™" ^SS^     S^-""        !•«"      *»'•»<•      '^s'^io      ewj« 

l«»«0« '^Jffi?        ».i;S.«)0  '.900         10.1.700  7  a.SdU         MJ  MO 

toTitton Joo,ooo      \m.W      10.4UJ       i-ioua       6.».soo      «6^ 

•  irpadwsr wo.mo       ssjMn        ....        sj.ooo       isj.ooo      wm 

Jentral. UO.OOO       ljM),90O  ...  «-.90U         ai.lJO        S9i  Ma 

^lemblaa  ht^JSi      '""«        >"•«"        '"^       ""'MO        6T7  4™ 

Jonttneatal 1,000,000       lin.sOO  ....        titjuo         8I4I5CO        SSsuo 

{Torett... 400.000       r)(,8oa         too       74.400       4i(i.«io      »4sw 

rtaeallHtll tJI0a,a00       ITwItiO  ....        IS0.3uO         9M4io        SJia, 

■rejmant .■SSi-"!"        1.71M0O  S.000  «,««  513,100         SSslfflO 

i'ohe i>oooMO      a.MiJU)         ....       nr.soo        :^!ai       iHituo 

lavkril.. 1.000,000        I.Ct.TUO  4,500         l&S.-KJU  MO  600         48<  auO 

v|»nur»etnren_....      900,000       l,i»|.toe  ....  Mi.o         JSw        U.mc 

i»"ket. ■oo.oae      i,«<M»      JijiJO       4:.4(o       wiioo      sssiio 

Kuuehuattt 00O.00*     aMo.iuo      t4.Hua      iii.cui      ij»)auo      itVi-i 

Merchandlf* 4tjm  to,«0  ...  ST.kx)  iiljoC  ImV 

ii.,rcj»nu'. „.  t,n£aa*     ej77luJ     107.900    i.iNjue      7jai1uo     :.7u7i(w 

Metr^iltM     fflS        »<•*»  -  «^  «5-'i*         isloM 

doontVornoB  .MSS!'       "'•*»  •—  ^-'lO  OMOO        y.ojaao 

3«wBn«i»nd f-!S>SS     «.i74.!00        1.80C        9s.m        7«8.ai(i      riw! 

JlOBoitOn ,*2MS        W«.WO         41.-4I0        24;.A10        Ifitytao         3M,W0 

iB»Wnnt !>2E{S        S-SH-lOO  "SW         HUM  Wi.WO         41;. U) 

iaoe  a  Leather l.fOOJW      ijmjai       18j«o       mt.ioo       1.83.100       VusK 

♦»<rj'»-. '•IS'SS     ••««.'2       !•"*      i»^      i.Ki.Too      t!»3i<o 

^raderi- (00,00*       IJM.BIO        IS.'iW  58.710  MlSkJO        u/.»JO 

y*'"?'"; *-Jff-2S        M:».400         5IJO0  :8.«t0        1.181.700         ffllSiC 

Vuhlnston 7M.0O*        rOll.lOl  I.IOO  «.M0  SU.^OO         SM400 

'irtt 1,000.00*     «,7!0«o      ar.:oo       us.ao        vti.aoo      Jwaiu 

4«eon(l(Orulte>...    t,*00  00*        4.478.MI         J*.**         IM.VO        l,407.«»xl         hiiOa 
r>ilr<1 100,00*       l.n«.M       V»9         M.(W        %A«        i4n:eao 

diaKorCommeree.   I.OOOJM*      SjatJN  M)        SJMOO       337*  .I'D        581  :c« 

ItnkorH.Amerlea  1.00*,ao*       1 1ft  JOS         8J0O        maw         7*.^.Suo        ftiiw 
I'k  of  Redemption.    1,000,0**       5,8M.ia9         lOJOO         S:1.7U0  ^'.'.0         71<''0U0 

naakof  Kepablie...   i,soo,ao(      s.M.'ni         ....        '.:4,iao        7!.8.uw>       Mlluo 

Jommonwealik lOOJIO*       S.nOJOO         4M0        iIO.iioa       1.111^,2(10        vo.i<n 

3itr i,oo(,g**      i.ii5.7oe        t.ao        4F.3uc        mt«a      tga.n 

<*«le  IfiUMt  :.iM.<'OD  MOO  |-1t.600  I».IIOO  SK.M' 

txehinte IJMi***  M'-O.tot  ra.70O  4W/00  t,s:J.IGO  W8.X10 

illdeaLaether.  ...  t,injM*  8,7«JOO  18(00  >U.aoo  lJU*Ma  W7,«c 

3<Ter* 8.000,0**  iJiOMO  Sjao  t!tM»  8,MS.aOD  •M.lW 

iMoritr moo*       r«JM)*       ij(0      KMjoo       Mo.to*      nsMo 

inlOD „ I.OeOM       l.n*.B1l  iOMt         IM.MM       UES.SdO        sw.ioo 

WeMMr IJOOJO*        a.71I.W  IJOC         ir,40»        l.0-3,00l>         8S.J00 

Toui rsijiajKfi  iiMjn,«Ri    tTao.an   njn  ooo  0M.si8.aK  ^jituvo 

Thetoul>aeMt'*dBetootherBanKi."Mp«ritatemenlot  Uce.  13,  li  |23,iao,'M> 
The  deviatioa*  from  last  week's  returns  are  aa  iollows: 

Capital -Increaa-..       lOiV]  1  Lasal  Tanden ixereaae.     441^00 

.Mta' Utereuc.  1,I44J00    Uepoalu Uaereaae.     an.'.UO 

ipacle..  loeroaaa..      4).*JUl  Ulrcalatlon Uecreaaa.     413.(00 

The  (ollowiag  ara  the  totals  tor  a  series  of  weeks  past : 

Dal*.  Ijoaa*.  Beeela.    LesaiTandere.   Denoilis.  CIrcaUtlon. 

voT.  a is(,Mj«o         7s,(ao       ia.Mi.;oo       t8,3i4,<xn       ux8.wo 

Mer.s. imMijKm  7i(,7oo         (.tM.iini        Sion.mn        tia>r:»i 

pes.* IBI.iai.WI  74«,Ml  •.7M.M0  5«.4II>,'00  ^M'-K.-iOO 

OSS.  IX. 1M,W.(00  7N,tO«  MJI.'OO  ttJt\»XO  »JGI,((i| 

nuia«elpkla  Baaks.— Th9  following^  is  tne  STerage  coi  • 
Ution  of  the  Philadelphia  National  Banks  for -the  week  preced. 
ioc  Monday,  Dec.  13,  1875:  Total  net 

^      Baaaa.  Uapltal.      Loaai.    Bnaela.    L. Tender. 0«poalu.Uucnlat'ii. 

^ud<iphia. *i.St9S   M-MMW  *i*Jo*    tijn^JM    ts.b:3jioo     fiajso 

Berth Amerlea l,a*M*F  i>stJD*  ....  IJM.1OO  KJIU.000  745.000 

Banaanand  Mach.  3JIMU**  (.tl3.40*  74^0  l.:i7.9U>  4,7»7,40O  1.000.000 

OaaoMrelal IIOJOOO  l,mjm  4.o(o  9>0.oro  1JI>IMI0  ra.ioo 

Maehanl^'  800,000  l.'.*4.ao  (JM  »7JIW  l.iii.((0  3:5.000 

Baak  B.  UbartJaa.      MOjKit  MM  AS  ....  rTSjOoO  3,428.ooo  4r.(«o 

•MUvark iMM»  \JM.W  l,*-7  4N.4IO  1.131.177  XIAW 

laaelanea t**,K*  i.«*o.7;i  ....  leojOcs  tnM*  Ut.mo 

Paaa..T M»JM  iMini  ijOU)  143,0*  MOJOD  no  730 

WaeUrs mtjoto  ijtuf>t  MJEl  iN.ii*  1.*I7.J5S  jtisii 

Maaafaelarars'....   tJKO.ao  HO.'.na  .„  S»,0*0  l.vfi.no  5.19.000 

BaakolOoaaarca     <M.0(O  KIi.f4>  Ml  l(l,K'4  '    (M.TTO  !tl.('4S 

Sirard ifittMl  t.i'njm  *jK»  ra,oue  i.Mi.i«o  cacoo 

fradeemaaK I**,***  IJMAO  1,100  no/xV  iflajxa  180.101 

OMSoildBllaa I*M**  LM^Il  ....  3<l,'*l  7*iM>  3».ooo 

city iiSjm    uttn»      ■—        *»*•'■*'      IJM9.IM       w.oti 

Oommeawaallh....  N8J**  ^JJH*  ....  :a>.U«  MAM  i:*.00 

Qora  Biekanc*....  t»$Jtm  I.NM**  M"  MfJ**  l-M*^  *>l.n4 

Qaloa io*3«  l,M«ja*  lji«>  snj**  1.379,00*  ll*,00O 

rirat. \jmjm  4,30(Mk  81,000  •B'JO*  3.iMj0ir  TCLOIV 

Tttire M«3*o  SM.Tai  ....  -mMO  SM.iro  mo.mo 

BUth l(*X«  MUM  ....  (0,000  itlxot  IS9.C4JO 

BaTanU 3MI,(«0  MIJ)**  ....  I«8J**  515.000  Itljji) 

BUhlh 371,***  I.CBUOO  ....  tnum  ■MMO  1*4000 

Uaatral 1*8,4*0  1,*IJOO  IC,l<no  1<IJ0*  *.t(I,000  r40.nno 

BaakorBapabHe..  .1**,ieo  X.'.>I.OC«  l.M)  SI*.***  gitjm  1(i.i.«0 

Baearltr 3«»A*  mM  ....  Il3.00li  «40.<M0  171.000 

Total *i(.4M.onc  9»jmo»  t7;<7<o  (11.441,101   i«r7iim  iwiM\ 

Tns dsTlatlons  from  the  retnms  ot  prenotu  week  are  aa  followc 

tdeaa Der..  (lft4'S>Depoelu Dec.  Il.|i^<:0 

•eaela Inc.      17,177 1  Circslatloa  Inc..        3I,S<( 

Laeai  Tan.1*r  Notaa Dae.    ISSilll  I 

The  followlog  are  the  totala  for  a  aeries  of  weeks  past : 

_    Data.  Leans.  Bpaela.  LaraiT^ndar.     DeDo«lts.  Clrt^niatlr^n 

KOT.l] mAVMt  t»Jia  IS/U,37<  W.&I8,7i«  liMIMn 

XoT.a »S,fl(.>l7  NlJit  U.I9SJ(I  4(,V8M8  10.<|7,«l. 

Ore* «.«n>4i         H(.7a       it.rn.ii*       4<,««„(8        ifljn.vt*' 

Dec.  11 i»,4*i.C4i  77t.7iu        17.4IU0:         ir,:r.t.im         10,570.4511 

—  - — — ~1 

— At  this  seaaon  of  the  year,  when  so  many  of  our  citizens  are 
of  aia  sBKy  compelled  to  seek  a  wanner  climate,  thn  advent  of 
Mr.  C%as.  Halloidi'a  book,  "Camp  Life  in  Florida,"  is  very 
apropoi.  Mr.  Hallook  has  ooroplled  into  a  small  volume  all  the 
informatir.n  neeesaary  to  the  sojourner  duriof;  the  winter  months 
in  that  "  Flower  I.«nd  "  of  our  country,  Florida.  The  data  has 
been  obtained,  as  Mr.  Hailock  states,  from  two  expeditions  fitted 
out  and  sent  by  "  Forest  and  Stream,"  of  which  paper  Mr.  Hal- 
lock  is  the  editor,  to  the  Stale  of  Florida,  and  reports  of  which 
sppeared  In  the  columns  of  that  paper  at  various  times  durini; 
the  past  two  years.  80  little  is  known  of  the  Florida  Peninsula, 
and  so  very  meagre  are  the  written  acxionnts  of  ita  geography 
and  resoarees,  that  the  citizens  of  Florida  have,  privately  and 
threneb  the  press  and  public  meetings,  acknowledged  to  the 
editor  his  substantial  service  rendered  to  the  State.  It  is  stated 
that  over  twenty  thousand  people  visittd  St.  Augustine  last 
winter,  and  the  probabilities  are  that  the  number  will  be  largely 
angmented  this  winter ;  to  this  large  number  of  tourists  "  Camp 
Life  In  Florida"  will  l>e  a  valuable  acqnisition,  and  we  already 
uoderstaDd  the  book  is  having  an  immense  sale  ;  it  Is  published 
by  "  The  Forest  and  Stream  Publishing  Company,"  New  York. 


588 


THEQHBONIOLR 


I  December  18, 1876, 


GENERAL  QUOTATIONS  OF  STOCKS  AND  BONDS  IN  NEW  YORK. 

U.  S.  Bond*  ana  aetvot  Bailroad  Stock*  are  quoted  on  a  prevumi  page.    Prieet  represent  Hi*  per  cent  value,  whatever  the  par  may  be- 


•■OVMTIIIS. 


iitale  Bonds. 


Alabama  5b,  18S3 

io      5«,18Se 

do       m,1686 

Ito       8s,188B  .............. 

do  «»,  Mont.  *  Rnf  'l*  B. 
do      8«,Ala.4  ChM.R^.. 

do       81! of  1893.. 

Ajkaneas  As.fnndcd 

do  Tb.L.U.*  Ft.  8.1m. 
do  "i.  Memuhia  &  L.  R. 
do  -8,L.K.,1'.B.*N.<). 
do  -«,MI»B.O.  *  B.  RlT. 
do        7b,  ArS.  Cent.  K.  ... 

Connecticut 6b  

Georgia  6« 

do       7»,Dew  honds 

do       7b,  endorsed 

do       7b,  gold  liondB 

Indiana  5s 

lUtnolsSB  coupon,  1877 

do  do       1379 

no       Warloan 

Kentucky  6b 

LOQlBlana  0b 

do        do  new  bonds 

do        do  new  Hooting  debt 

do        7b,  Penr.entlary 

do        6b,  levac  bonds 

do        8s,        do  ..^... 

do        SB,        do         1875.. 

do        SB of  1910.. 

M  Ictalgan  68, 1878-79 

do       68,1888 

do       78,1890 

ftlUaourl  6s,  due  In  1875 

do       do  1876 

do       dc  1877 

do       d«  1878 

do       do  1879 

do       do  1880 

FUDdlnfs  bonds  due  In  !RQl-rj. 

Ix>ne  bds.  due  '81  lo  '91  Incl.. 

Asvlum  or  UniTer8.,(lue  1892. 

Ua'n.  &  fit.  Joseph,  due  1876. 

do        do  do  1886. 

do        do  do  1SS7. 

New  York  Bounty  iiOa:i,  reg. . 

do  do         coup. 

do        6b,  Canal  Lo&n,  1877. 

do        68,        do  1878. 

do        6s,  gold  reg 1887. 

do  6s,  do  conp.  .1887. 
do  6«,  do  loan.. 1883. 
do  6b,  do  do  ..1891. 
do  58,    do        do   ..1876. 

M  orth  Carolina  6s,  old,  J.  A  J., 
do  A.  &0.. 

do        N.C.KK... ..!.*. I.. 

do        do         A.  &  O.. 

do  docoupoff.J.  &  J., 
do  do  do  off.A.&O.. 
do  Funding  act,  1866... 
do  So        1868... 

do  New  bonds,  J.  &  J., 
do  do         A.  *  O.. 

do  Special  tax.  Class  1. 
do  do       Class!. 

do  do      Claas  3 

Oliio  68, 1875 

do    68,1581 

do    68.1886 

Rhode  Island  6s 

South  Carolina  68 

do       Jan.&  July 

do       April  ft  Oct 

do  Funding  act,  1866... 
do  LandC,1889,  J.&  J. 
do       Land  C, 1889,  A.&O. 

do     7b ofissa. 

do       nonf  nndable  bonds. 

TenneBsec  68,  old 

do       do  ex  coupon.. 

do      -do       do  new  series 

Texas,  I0s,ofl876 

Virginia  6»,  old 

do       do  new  bonds,  1666... 
do       do       do  1867... 

do       do  consol.  bonds 

do       do    ex  inatn  d  coup.. 

do       do    conaol.  2d  series.. 

do       do  deferred  bonds.... 

District  of  Columbia  3.658 


il 


lU 
10 
lU 
10 
10 
IIU 

100 
«i\ 

II '4 
101 
104 
104 
101 

40 

4V 

40 

40 

40 

tiii 

lOi" 
106 

U9 

m  ' 
mx 
mK 
mii 

\Ut>i 

:02k 

lUl 
MX 
101  s 
101  >., 

101* 
107 

lii' 

116 
116 


BK0TTB1TIK8. 


Bid. 


101 

I9X 


IC4X 

101'* 


ma 


119 

110 

151. 

17 

16 

17 

50 

it) 

35 

.« 

»>. 

Railroad  Stock*. 

(Ac.litie  preniouHly  quoted.) 

Albany  ft  Susquehanna 

Central  Pacific 

Chicago  ft  Alton 

do  do   pref. 


Cblc,  Bur.  ft  Qufncy. 
C'leve.,  Col.,  Cm.  ft  Indlanap. 
Cleveland  ft  Pittsburg,  guar.. 

Dubuque  ft  Sioux  City 

Erie  pref 

Hannibal  ft  St.  Joseph,  prcf... 

ITllftOlB  Central 

Indlanap.  CIn.  ft  Lafayette — 

Jdllet  ft  Chicago 

Long  Island 

Uarlettaft  Cln.,  Ist  pref 

do  2dpref 

Morris  ft  Essex 

Missouri,  Kansas  ft  Texas.  .. 

New  Jersey  Southern 

»  Y.,  New  Haven  ft  Hartford. 

Ohio  ft  Mississippi,  pref 

Pitts.,  Ft.  W.  ft  CTilcguar... 
do  do    special.. 

Kenssclaer  ft  Saratoga 

Rome,  Watertown  ft  <)gdonB. . 
St.  Louis,  Alton  ft  T.  Ilaute. . . 
do  do  do       pref 

nelleTllle  ft  So.  Illinois,  pref. . 
8t. Louis,  Iron  Mount,  ft  South. 
Tcrre  Haute  &  luilianapolis... 

Toledo,  Peoria  ft  Warsaw 

Toledo,  NVab.ft  tVeatern,  pref 
Warren... 


niscellaneons  Ktock* 

American  District  Telegraph.. 

Canton  Co.,  Baltimore 

Cent.  N.  J .  Land  Improv.  Co. . 

Delaware*  Hudson  Canal 

A-neriean  t;oal 

'/ouBolidation  Coal  of  Jrd 

Mf  rlposa  L.ftM.  Co.,  ass't  paid 
do       do  pref     '' 

Ciunberlaad  Coal  ft  Iron 

Maryland  Coal 

Peonaylvsnla  Coal 

gprl*K  MountaU)  ODii ,.,  , 


100 
10! 
105 
108 

36X 

35 

33y 

35 

35 

36 

S6H 
4>> 

45 

Wi 

a; 
■a 

hi 
71 
46>4 
8X 


100 

98 

97X 
103)1 
114 

SS 

89ik 


96X 


lOOH 
1«X 

lis 


w 


101>i 


21>4 


39V 

122  >i 
47X 


W 


Railroad  Koiida. 

(Stock  Krrhangf  IVirfH.) 
Albany  ft  hu^q.,  l»t  bonds...  .ill6 

do  do      '.id     do    

do  do       Sd     do     

Boston,  Hartf.  ft  Krle,lBtraort 

do  do  guar 

Bur.,  C.  Kaplds  ft  Minn.  iBt  7b,  g 

Chesapeake  ft  Ohio  Gs,  181  m.. . 

do  do         ex  conn 

Chicago  ft  Alton  sinking  fund. 

do  do     Istinort 

do  do     Income 

Jollct  ft  Chicago,  Ist  mort 

Louisiana  ft  Mo.,  Ist  nl.,  guar. 
St.  Louis.  Jack.  &  Chic,  1st  m. 
Chic,  Hur.  4  Q.  8  p.  c.  Ist  m. . . 
do  do    consol.  m.  76 

Chicago,  Rk.  Island  ft  PaclOe. 
do         8.  F.  lnc.66,'95 
Central  of  N.  J.,  1st  ni., new... 

do  do      1st  consol 

do  do     con.  conv 

Lehigh  ft  Wilkes  B.  con.  guar. 
Ain.  Dock  ft  Improve,  bonds. . 
Mil.  ft  St.  Paul  1st  m.  88,  P.  D. 


do 
do 
do 
do 
do 
do 
do 
do 
do 
do 


2dm 7  3-10  do. 
7b.  gold,  K.  D. 
'.st78i;  do... 
lBtm.,LaC.D. 
latm.I.ftM.D. 
Istra.  I.ft  D.. 
iHt  m.  II.  ft  D. 
Istm.C.  ft  M. 
1st  Consol.  . . . 
2d  m.     do 


Chic,  ft  N.  Western  sink.  fund. 


do 
do 
do 
do 
do 
do 


Int.  bonds, 
consol. bds 
ext'n  bds 
Ist  mort.. 
cp.  gld.bds 
reg.   do 


Iowa  Midland.  1st  mort.  8fl, 

Galena  ft  Chicago  Extended.. 

Peninsula,  1st  mort.,  conv — 

Chic,  ft  Milwaukee,  1st  mort. 

Winona  ft  St.  Peters,  1st  mort 

do  do  2d  mort. 

C.,C.,C.&  Ina's.lBtm.7s,  8.  F 

do  Consol.  m.  bond! 

Del..  Lack,  ft  Western, 'Mm. 

do  do     "is,  conv. 

Morris  ft  Essex,  1st  mort 

do  d*     2d  mort 

do  do      bondB,  1900.. 

do  do     construction 

do  do      "78  of  1871 

do  do     iBt  con.  guar 

Erie,  Ist  mort.,  extended 

do       do  endorsed 

do     2d  mort.,  7s,  1879 

do     Sd    do      7s,  1883 

do     4th  do      78,1880 

do     5th  do      78,1888 

do     78,  cons.  mort.  gold  bds 
Dock  bonds 


I14>s 
107 


lOO 


110 

99>i 
115 
110>S 
105 

«•.)> 
lOlJi 
113 

91 

IIM 

97" 
85 


Long  .    

Bnfr:,N.  Y.&  Erie,  1st  m,,  1877. 
do       do  do     large  bds 

Han.  ft  St.  Jo.  land  grants... 
do  do     8s,  conv.  mort... 

Dubuque  ft  Sioux  City,  1st  m. 
do  do         2ddlv. 

Cedar  Falls  ft  Minn.,  Ist  mort, 
Indlanap.,  Bl.  ft  W.,  1st  mort., 
do  do        2d  mort.., 

Mich.  So.  7  p.  c.  2d  mort 

,  Mich.  S.  ft  N.  Ind.,  S.  F.,  7  n.  c. 
'I  Clev*.  ft  T*l.  sinking  fnnd. ... 

d«  do    new  bonds 

Cleve.,P'vllle  ft  Ash.,  old  bds. 
do  do     new  bds 

Detroit,  Monroe  &  Tol.  bonds. 

Buffalo  ft  Erie,  new  bonds 

Buffalo  ft  State  Line  7s 

Kalamazoo  ft  W.  Pigeon,  Ist.. 

Lake  Shore  l)lv.  bonds 

do  CouB.  coup.,  1st... 

do  Cons,  reg.,  1st 

do  Cous.  coup.,  2d 

do  Cons,  reg.,  2d 

Marietta  &  Cln.,  Ut  mort 

Mich. Cent., consol. 78, 1908  ... 

do  1st  m.  8s,  1882,  s.  f . 

do  equlpm't  bonds... 

New  Jersey  Southern,  lstm.7B 

do  do     consol,  is 

N.Y.Central  68,1883 

do  6s,1887 

do  6a,  real  estate 

do  68,  subscription. 

do  78,1876 

do  7s,  conv.,  1876.... 

do  ft  Hudson,  1st  m.,  coup, 
do         do     1st  m.,  reg... 
Hudson  K.  7s,  2d  m  ■ .  f  d.  1^.. 

Harlem,  1st  mort.  7j  .'.oup 

do         do  reg 

North  Missouri,  1st  mort 

Ohio  ft  Miss.,  consol.  fink,  f d. 

do         do     consolidated 

do         do     2d     do  

do  do      Ist  Spring,  div.. 

Central  Pacific  gold  bonds 

do  San  Joaquin  br'nch 
do  Cal.  ft  Oregon  1st., 
do  State  aid  bonds 

do  L.  (1.  bends  ... 

Western  Pacific  bonds 

Union  Pacific,  Ist  mort.  bonds 

do  Land  grants,  7s. 

do  Sinking  fund.. 

Atlantic  ft  I'acific  laudgr.  m. 

South  Pacific  Rli.  bds.  of  Mo. 

Paciac  li.  of  Mo.,  1st  mort.  . . . 

do         do         iBt  Carou't  B. 

do         do         2d  mort 

Pacific  T{.  78,  guarant'd  by  Mo. 
PllU.,  Ft.  ■ft'.ft  Chic,  1st  mort. 
do  do     2d  mort. 

do  do     3d  mort. 

Cleve.  ft  Pltte.  consol.  s.  fund. 

do  do     4th  mort 

Col.,  Chic,  ft  Ind.  C.  let  mort. . 

'2d  mort.. 

Rome,  Watert'n  &  Or.  con.  1st 

St.  L.  ft  Iron  Mountain,  Istm., 

do  ad  n     I  55 

iltonftT.H.,  Ist  mort 107 

do  do     2d  mort.  pref... 

d  >  tlo      2dmort.  li.cu:ne 

Belleville  ft  S.  111.  R.  ist  ir-,  Sa. 

Tol .,  Peoria  ft  Warsaw,  E.v... 

do  do       i\ .  i) . . 

do  do  Bur.  DIv. 

do  2d  mort..    34 
do   coaaol.'^i   S< 


e:x 

87 
U'5 

lo:). 

99X 
90 

815. 
81 

106' 
100 
.01 

'JO 

55 
106 


109J{ 
103 
102 
107 

lasx 

104 

lOi" 
95 
93 
92 


ll«X 

loiji 

36 

SO 

■a 


101 
116« 
HI 
103k 

33;* 


95X 
95 


X^ 


S2)S 

los' 

102 
99  Ji 


'  88 

;io7 


SSOtJBlTlXB. 


Tol.  ft  Wabash,  1st  m.  extend, 
do  do       1st  m.St.L.dtv 

do  do       2dmnrt 

do  do       equlpni't  bds. 

do  do       con.  convert.. 

Bannlbal  ft  Naples,  Ist  mort... 

Oreat  Western,  Ist  mort.,  1888. 
do  2d  mort.,  1893.. 

Qnlncy  ft  Toledo,  Ist  mort.  1890 

Illinois  ft  So,  Iowa,  1st  mort... 

Lafayette,  Bl'u  ft  Miss.  Ist  m. 

Han.  ft  Central  .Missouri,  latin. 
ilPektn.LlncoliiAiDecatur.lstm 

Boston  A  N.  V.  .-Mr  Line  Ist  m. 

Cln.,  Lafayette  ft  Chic,  1st  m. 

Del.  ft  Hudson  Canal,  '.st  m..  "91 
do  da  18»l 

do  110  IBTi 

do  do     coup.  7b,  18,m 

do  do        reg.  7e,  1894 

Long  Island  UU.,  1st  mort 

Sontli  Bide,  L.  1.,  iBt  m.  bonds, 
do  ttliikiUK  fund.. 

Western  Union  Tel.,  19iJ0.coup 

raiBCcIlaneoiiii  l.ilKt. 

iBroker^'  QuotatioTia.) 

rlTIKS. 

Albany,  N.Y.,  6a 

.Buffalo  Water 

I      do      P.irk 

1  Chicago  68,  long  dates 

t      do       7b,  sewerage 

i      do       'is,  water 

do      7b,  river  Improvement 
do      7s.  various 

IClevelaiul  T-'i  ..     

,  Detroit  Water  Works  7fl 

iEllzabeth  City,  due  "95 

i         "  85 

rHartfordlis 

1 1  Indianapolis  7'30s 

j ; Newark  City  78 ,.. 

I  i  Oswego 

iPoughkpcpslc  Water 

J  IBociicster  City  Water  bds.,  '93 
IIToledo  ;SOs 

Tonkers  Watcr.due  1908... 

KAtLKUADF. 

Atchison  ft  I*.  Peak,  6s,  gold.. . 
Atlantic  ft  Pacific  L.  U.  6s,  gld. 
Atchison  &  Nebraska,  8  p.  c. . . 
Bur.  &  Mo.  Ulv.,Land  m.78.... 


Bid. 


S*^ 


102 


112K 

i;2>i  nssi 


116 

111 


do 
do 
do 
do 
do 


do 
do 
do 
do 
do 


2dS.,  do  7b 

3dS.,do  88.... 
4th  S.,  do  8s... 
5th S., do  88... 
6<hS.,do88 


loa 

95X 
96 


83>i 

26 

10 
VMH 
lOJH 

102 
101 
102 

m" 

101 
88 
103 
104 
102 

9i" 

105  >4 

102 

113 


1013! 
101 
100 
100 

124" 


114^ 

94H 
94 
69 
IS 

■s?» 

90X 
92 

91' 

9954 
105 
lOOX 

92>5 


102>; 
1I6>* 


105^ 


107 


iBur.,C.  B.ftM.  (M.dlv.),g.  7s. 

[Cairo  ft  Fulton,  Ist  7s, gold. 

California  Pac  KR.  78,  gold 

do  6s,  2dm., g 

Canada  Sonthern  1st  m 

do  with  int.  certlfs. 

Icentral  Pacific  7s,  gold.  conv.. 

jCentral  of  Iowa  ist  m.  7s,  gold 
.A.;"  1 1     <io  do     2dm.  7s,  gold 

'Oa>J  (Keokuk  ft  St.  Paul  88...  ~ 

—  II  Carthage  &  Bur.  88 

—  i'DIxou,l*eorla  ft  Han.  88. 
;■  •  •  I  ().  O.  ft  Fox  B.  Valley  8s. 
81     llQulncy  &  Warsaw  88 

lOSHj,  Illinois  (irand  Trunk 

•  •■ilOlilcUub.ft  MInn.Ss... 
- .  ■  Peoria  &  Hannibal  R.  8b.. 
28    [ :  Chicago  ft  Iowa  K.  8s. . . . 

'*       American  Central  8s 

Chic,  ft  S'tliwestern  78,  guar. . . 
Chesapeake  &  O.  2d  ni.  gold  7s 
Col.  ft  Hock.  V.  1st  7s,  30  years 
do  do     Ist  78, 10  years 

do  no     2d  7b,  20  years 

Chicago,  Clinton  ft  Dub.  81 

Chic,  ft  Can.  South.  1st  m.  g.7s 
Ch.D.ft  v.,  I.  dIv.,  1st  m.  g.  7s. 
It'hlc,  Dan  v.  ft  VIneen'B  7s,  gld 

Connecticut  Valley  78 

iconuectlcut  Western  Ist  78 — 
Chicago  &  Mich.  Lake  Shore.. 
Dan.,  Urb.,  Bl.  ft  P.  Isl  m.  7s,g 
iDea  Moines  ft  Ft.  Dodge  Ist  7s. 
IDetrolt.  Hillsdale  ft  In.  KU.Ss. 
Detroit  &  Uav  City  Ss  guar. 
Detroit.  Eel  River  ft  111.  88. 
'Dct.,  Laus.  ft  Lake  M.  1st  m.  8s 
I       do  do     2d  m.  8s 

I  Dutchess  ft  Colmubla  7s 

Denver  Pacific  7s,  gold 

Denver  ft  Illo  Grande  78,  gold. 
Evansvllle  ft  Crawf ordBV.,78. . 

Erie  ft  Pittsburg  Ist  "s 

j  do  do         2d  73 

do  do         7s,  equip 

lEvansvllle,  Hen.  ft  Nashv.  78.. 
[Kllzabethtown  ftl*adu.8B,con. 
[Evansvllle,  T.  H.  ft  Chic.  78,  g. 
iFUntft  PereM.  78,Landgrant. 

Fort  W.,  Jackson  ft  Sag.Ss 

Grand  R.  ft  Ind.  Ist  guar  7b 

do  iBtL.  G.7s... 

do  1st  ex  L.  G.  7s 

Grand  River  Valley  8s 

lions,  ft  Texas  C.  iBt  78,  gold.. 
Indlanap.  &  Vlncen.  I6t.8,gnar 
Iowa  Falls  ft  Sioux  C.  Ist  7b.  . . 
Indianapolis  ft  St.  Louis  78. . . . 
Houston  &  Gt.  North.  1st  7s, g. 
International  (Texas)  1st  g.... 

Int.,  II.  ft  G.>r.  conv.  SB    

.lackson,  Lansing  ft  Sag.Ss 

Kansal  Pac. 7s,  extension, gold 


104 


ma 


1(K 
101J< 


120 


11^ 


71 
l67k 


lUO 

9ix 


8S>4 


SS 


no 


iirJii 
n 


97X 


1(3 
106 
106 
98 

:o«\- 
1045: 

104  V 
103V 

v»h 

106 

96 

98 
102 
100 
107 

iir 


do  7s,  land  grant,  gidj 
do  7s,  do  new  ghl 
do  68,gld,  Juneft  Dec 
do  68,  do  Feb.  ft  Aug! 
do  7s,  1876,  land  granti 
do  7s,  Leaven,  br'nch  i 
do  Incomo8,No.ll...i 
do  do  No.  16...! 
do        Stock I 

Knlamar.oo  ftSouth  H.  8s,guarl 

Kal.,  Alleghan.  ft  G.  R.  Ss.guarj 

Kansas  City  ft  Cameron  lOs. , .  I 

Kan.  C,  St.  Jo.  ft  C.  B.  8s  of  '85i 
do       do  do    Ss  of  '98 

Keokuk  ft  Des  Moines  1st  7s 

do         1st  conn.  Oct. ,'76 
do  funded  Int.  88 

do  prof,  slock... 

L.  Ont.  Shore  RR.  1st  m.  gld  7b. 

Lake  Sup.  ft  Miss.  1st  7s,  gold. 

Leav.,  Atch.  ft  N.  W.  7s.  guar.. 

Leav.,  Law.  ft  Gal.  Ist  m. ,108.. 

Ix)galis.,  Craw,  ft  S.  W.  8s,eld. 

Michigan  Air  Line  8s 

Monticello  ft  P.  Jervls  7s,  gold 

Montclalr  1st  7s,  gold 

Mo.,  Kansas  &  Tezaa       gold.. 


03 
106 
102 
104 

20 

30 
'20 
105 

108 
108 
108 
108 
109 

22  >i 

t6 

70 

it" 

56 
104 

34 

31*- 
104 
104 

m 

lOJ 
104 
104 
20 
104 

104" 
88 


32 

ao' 

25 
36 
22X 

TO 

25 


97* 


ir6 

lOJ 

107 
;oo 

105 
105 

loe 

105K 
106K 

97 

99 
103 
11)2 
108 
104 
106 
107 
103 
106 


26 
57X 

70" 
58 


8S 
60 

gi' 
95 

70 
lOG 

78 

55 
100 

90 

95' 

82X 


BZCtlBITIIS. 


Mo.  R.,rt.  S.  ft  Gulf  lat  .tl.  10s 

•lo  do  2d  m.  108. 

N.  Haven.  Mlddlet'n  ft  W.  7b.. 

N.  J.  Midland  1st  7s,  gold 

do  2d7^ 

Sevi  .lersey  ft  N.  Y.  78,  gold.. 
N.  T.  ft  OflW.  Mid.  1st  7b,  gold, 
do  do        2d  7s,  conv. 

North.  Pac.  1st  m.  gold  7  3-108.. 
'Inial  a  ft  Southwestern  IIR  ds 

Oswego  ft  Rome  7s,  guar 

Peoria,  Pckin  ft  J.  1st  mort. . . . 

Peorlaft  Hock  I.  78,  gold 

Port  Huron  ft  L.  M.  78,  gld,  end 
Pullman  Palace  Car  Co.  stock, 
do  bds,  Ss,  4th  series 
Rockf 'd,  R.  I.  ft  St.  L.  Ist  7s.  gld 
R^i,..* r  •  .»• '  '"wego  78.  gold. . . 

Sioux  City  ft  faClftt  B» 

Southern  Minn,  construe.  88. . . 

do  7b 

St.  Jo.  ft  C.  Bl.  Ist  mort.  10b.  . . 

do         do  8  p.  c. 

Sandusky,  Mans,  ft  Newark  78. 
St.  Lonl8,  Van-lalia  ft  T.  H.  Ist. 

do  do  2d,  guar. 

St.  L.  ft  So'eastem  Ist  7s,  gold. 
St.  L.  ftl.Mt.  (Ark.  Br.)  7b,  B- 
Southern  Central  of  N.  Y.  78.. . 

Union  ft  Logansport  7s 

Union  Pacltlc,  So.  branch,  68,  g 

WalklU  Valley  Ist  7s,  gold 

West  Wisconsin  7s,  gold 

Wisconsin  Valley  8s 

Soiitliern  f>iecurltles. 
{Brokers^  QuotattoTU.'/ 

8TATKK. 

Louisiana  new  consol.  78 

South  Carolina  new  consol.  6b. 
Texas  State  6s,  1877 

do        68, 1891-'2 

do         78, gold 

do       lOs,  of  1884 

do      10b,  pension 

UITIK8. 

Atlanta,  Ga.,  78 

do       Ss, 


Bid.  A»!?- 


Augusta,  Ga.,  7b,  bonds 

Charleston  stock  6s 

Charleston.  S.  C,  78,  F.  L.  bds. 

Columbia,  S.  C,  6s 

Columbus,  Ga.,  7s,  bonds 

Lyncbburg6s 

Macon  78,  bonds 

Memphis  old  bonds,  66 

do       newbond8,68 

do       end.,  M.  &C.  RB.  ... 

Mobile  58,(coupa.  on) 

do      8s, (coups,  on) 

Montgomery  8s 

Nashville  6g,  old 

do        6s,  new 

New  Orleans  5s 

do  consol.  6s 

do  bonds,  78 

do  gold  78,  quarterly 

do  lOs 

do  to  railroads,  68.. 

Norfolk  68 

Petersburges 

Richmond  68 

Savannah  73,  old 

do        7s,  new 

Wilmington,  N.  C.,68,gold.... 
do  do     6s,  gold 

RAtl.»OADa. 

Ala.  ft  Chatt.  1st  m.  8s.,  end.. . . 
Ala.  ft  Tenn.  R.  1st  mort.  7b.  . . 

do  do  2d  mort.  78 

Atlantic  ft  Gulf,  consol 

do  do    e9d.  Savau'h. 

do  do    ef oek. 

do  do      do    guar... 

Carolina  Central  1st  m.  6b,  g... 
Central  Georgia  consol.  m.  78. 

do  stock 

Char;otte  Col.  ft  A.  let  M.  78.. . 

do  do       stock 

Charleston  ft  Savannah  6s,  end 

Savannah  &  Char.  1st  m.78 

Cheraw  ft  Darlington  78 

East  Tenn.  ft  Georgia  68 

East  Tenn.  ft  Va.  Gs,  cud.  Tenn 
%.  Tenn.  Va.  ft  Ga.  Ifit  m.78... 

do  do        stock 

Georgia  RR.  78 

do  stock 

Greenville  ft  Col.  78,  guar 

do  do    78,  certif 

Macon  ft  Brunswick  end.  78... 

Macon  ft  Augusta  bonds 

do  do       endorsed..., 

do  do       stock 

Memphis  ft  Charleston  1st  78. . 

do  do  2d  7s... 

do  do  itock  . 

Memphis  ft  Little  Rocl:  Ist  ra.. 

MIsslBslppl  Central  lat  .n.  7s. . , 

do  2dm. 83.... 

Mississippi  ft  Tenn.  1st  m.  78. . 

do  do     consol.  88, 

Montgomery  ft  West  P.  Ist  8s. 

do  do  Income 

Mont.  A  Enfanla  1st  8s,  g.  end. 

Mobile  ft  Ohio  sterling 

do  do      do     ex  certif 

do  do  8s,  Interest 

do  do  2d  mort.  8s 

do  do  stock 

N.  Orleans*  Jacks.  Istm 

do  do    certlfs  Ss.. 

N.  Orleans  ft  Opelous.  1st  m.  86 

Nashville  &  Chattanooga 6s... 

Norfolk  ft  Petersburg  Ist  m.  Sb 

do  do  7s 

do  do         2dm.  8s 

Northeastern,  S.  C,  Ist  in.  8a.. 

do  '2dm.  Ss... 

Orange  &  Alexandria,  Ists,  6b.. 

do  do  2ds,  6b.. 

do  do  3ds,  8b. 

do  do  4ths,  8b.. 

RIchm'd  ft  Petersb'K  1st  m.  78. 

Rich..  Fre'ksb'g  ft  Poto.68.... 

do  do  conv.78 

Rich,  ft  Danv.  1st  consol.  68. , . 

Southwest  RR.  Gu,lstm. 

S.  Carolina  KK.  1st  m.  78,  new. 

do  6s 

do  7s  

do  stock 

West  Alabama  Ss,  guar 

PAST  DUK  COUPONB. 

TennesBce  state  conpona 

Vlrptula  coupons 

do      cousoi.  coup 

MempbliClty  voupon;. 


40' 
40 

80 

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III 

14 

9II',< 

16 

17 

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15 

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90 

95 

90 

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511 

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78 

55 
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80 

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95 

76 

50" 
75 


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93 

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103 
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73 
84 
85 
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85 

30 
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December  18,  1975.] 


THE  CHRONICLE. 


589" 


NEW  YORK  LOOA.'-  SROURETIBS. 


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tnee  Stock  Llal. 


DmDmiM. 


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590 


^BB  CHRONICLE. 


[December  18, 1875. 


JnucBtmentB 


ESTATE,  CITY  AND  CORPORATION  FINANCES. 

The  "  Investors' Supplement"  is  published  on  tbe  last  Saturday 
of  each  month,  and  furniohed  to  all  regular  subncrlbers  of  the 
CnnoNiCLE.  No  single  copies  of  the  Supplement  are  gold  at  th^ 
office,  as  only  a  Bufllcient  number  is  printed  to  supply  regular 
Subscribers. 

ANNUAL    REPORTS. 


Cincinnati  Sanduslcy  &  Cieveland  R.  R. 

(For  the  year  ending  June  30, 1875.) 

The  President  in  his  report  says: 

The  result,  although  not  equal  to  the  expectations  formed  at 
the  commencement  of  the  year,  is  nevertheless  very  gratifying, 
in  view  of  the  extreme  depression  that  has  existed  in  the  ffeoeral 
business  of  the  country  all  thmueh  the  year,  and  the  favorable 
shoffing  of  our  business  and  earnings,  when  compared  with  those 
of  other  Western  roads,  and  as  demonstratiug  the  capacity  ami 
ability  of  the  road  to  do  an  enlarged  business,  with  profit  (is  we 
trust)  to  the  stockholders,  as  soon  as  the  improved  business  of 
the  country,  and  the  returning  good  sense  of  the  managers  of  the 
great  East  and  West  lines  of  railway  will  admit  a  return  to 
reasonably  enhanced  rates  of  freight. 

The  accompanying  tables  show  that  our  road  has  transported 
during  the  year  ^04,520  tons  of  way,  and  187,744  tons  of  through 
freight,  a  total  of  393,264  tons,  as  against  a  total  of  321,346 
tons  the  previous  year,  being  a  gain  of  70,918  tons,  or  22  percent,, 
in  the  volume  of  our  freight  business. 

Had  not  the  rates  of  freight  been  so  ruinously  low,  for  reasons 
already  adverted  to  in  this,  tLis  large  increase  in  the  volume  of 
freight  would  have  added  materially  to  our  net  earnings. 

The  earnings  for  1874-5  as  compared  with  1873-4  were  as 
follows : 

.    •  ,.  1874.  1875. 

From  freight $440,81133  $501,744  40 

From  pasfcngera 813,68^41  2i3,316  t; 

From  express 24,052  3?  24,8li4  27 

Frommail 46,263  8<  10,200  00 

From  mileage 16,658  19  8,4!4  fiO 

From  rental,  &c 4,586  04  4  516  81 

From  tele  roph 6,102  lo  .  5,576  61 

From  36  per  cent,  net  C.  &  S.  Railway 69,214  23  70,024  29 

Total $800,351  44  $857,69574 

'    Expenses,  viz.: 

Maintenance  of  way $152,686  26  $181,513  71 

Motlvepower 161.686  07  lB8,5ti8  48 

Machine  shops 9,833  22  7,326  52 

Maintenance  of  cars 50,059  09  63,0(i2  .38 

Train  expenses 42,232  04  52,41122 

Station  expenses 85,2iJl  69  71,770  20 

General  expenses 61,482  35  76,183  25 

Total.. »533,n9  91  $561,775  76 

Netcarnings $267,17153  $29i,919  98 

Paid  for  interest  on  bonds $163,961  00 

Dividends  on  preferred  stock 25,731  00 


Rlnklngfund  10,000  00 

Kenlal  of  Colnmbna,  Springfield  &  ClDclnnati  RR 80,000  00—  271,692  00 


Balance,  (orplat  for  tb«  year 

CONnBNSED  BALANCE 

Railway,  eqnlpm't,  shops, 

&c $6,168,985  45 

Materials  on  hand 42,718  91 

Cln.,  Sand.  &  Clev.  R  R. 

Co.,  stock,  5,163  shares.  258,150  00 
Co!.,  Spring.  &  Oin.  R.  R.     , 

Co..  atock,  10.115  aliarcs 

exchanged  at  par 805,750  00 

Sinking  fund  Trustees. . .  8,474  18 
S.,  D.  &  C.  sinking  fand 

bondi 203,000  00 


Notes  receivable 

A.  P.  Simpson,  Rem.  ac- 
conat  

Union  Tm»t  Co.,  N.  Y.. . 

National  Revere  Bank, 
Boston 

Dae  from  insurance  com- 
panies  

Individual  accounts 

Uncollected  earnings 

iJush  on  hand 


SHKET,  JUNK  SO,    1876. 

Capital  stock J4 

Preferred  stock 

Preferred  stock  scrip 

Bonds— Sand'y,  DaytOB  &, 
Cincinnati 

Eastern  (not  extended). 

Sandusky  City  &  Ind.. 

Cincinnaii,  Sandusky  &, 

Cleveland 1 

Cln.,  Sandusky  *  Cieve. 

7  per  cent  hond  scrip 
Interest  ok  bonds  &  divi- 
dends preferred  StOClk.. 

Ta.xcs  

Bills  payable 

Loans  and  discount 

Wood  and  tie  certificates. 
C»l..    SprlngllBid  &   Cin. 

K.R.  Co.,  rental  account 
J.    L.    Gill    (payable   in 

freight) 

Pro  lit  and  loss 


6,849  08. 

1,S45  82 
8,294  22 

390  00 

22,015  89 
8,172  48 

56,261  02 
6,767  .54 


.  S31.S27  98 

,005.750  00 

426,850  00 

187  46 

999,000  00 

7,000  00 

350,000  OU 

,072.300  OO 

1,213  40 

74,449  00 

5.008  15 

133,5S«  41 

l•)«,1^7  43 

3,609  62 

30.656  40 

4.460  68 
47,117  15 

Toial $7,290,374  £9  ToUl ?...  $7,290,374  59 

Charlotte  Columbia  &  Augnstn. 

(For  the  year  ending  8epL  30, 1875.) 
The  following  brief  abstract  of  the  report  of  this  company,  of 
which  Col.  J.  B.  Palmer  is  president,  presents  a  favorable  ex- 
hibit :  In  spite  of  hard  times  and  general  depression  in  business, 
the  receipts  for  the  twelve  months  ending  September,  30,  1875, 
are  up  to  those  of  the  preceding  year,  and  the  net  is  $35,000  more 
— the  net,  after  deducting  operating  expenses,  new  iron,  taxes, 
and  all  extraordinary  expenses,  being  If230,004  25,  against 
$235,730  90  last  year.  The  floating  debt  of  tbe  road  has 
been  decreased  |56,796  04.  The,  total  bonded  and  floating  debt 
is  now  only  $11,323  23  per  mile,  and  few  railroads  in  the  country. 
North  or  South,  can  exhibit  so  small  a  debt.  The  increase  in 
local  business  was  19  per  cent,  showing  that  the  country  along 
the  line  of  the  road  is  improving. 

Alabama  State  Bond.s. — A  meeting  of  the  Alabama  bondhold- 
ers was  held  at  Xo.  5  New  street,  to  protest  against  tlie  proposi- 
tion of  the  State  Commissioners  of  Alabama  for  the  adjustment 
and  hquidltion  of  the  State  debt. 

In  lieu  ol  the  Commissioners'  proposition,  it  was  proposed  that 
the  bonds,  together  with  past  due  coupons,  should  lie  funded  into 
new  bonds,  paying  interest  at  the  rate  of  3  per  cent  for  three 
years,  4  per  cent  lor  five  years,  and  5  per  cent  for  twenty  years, 
with  couoons  receivable  for  taxes,  and  the  interest  payable  in  New 
York.  On  motion,  Messrs.  Wm.  H.  Hays,  John  Dos  Passos,  J.  C. 
Mabin,  H.  H.  Walker  and  H.  Smith  were  appointed  a  committee 
to  make  a  formal  protest  to  the  State  Legislature  against  the 
Commissioners'  proposition,  and  to  submit  instead  the  proposition 
of  the  bondholders. 

Arkansas  State  Finances. — The  State  Treasurer  gives  notice 
that  the  holders  of  the  "Secured  Sinking  Fund  Bonds"  of  the 
State  of  Arkansas,  issued  by  authority  of  the  act  ot  the  (General 
Assembly,  approved  23d  December,  1874,  are  notified  to  present 
for  payment,  on  or  before  the  lat  day  of  January,  1876.  the  coupon 
warrants  for  the  interest  due  on  said  bonds  at  that  date,  at  the 
State  Treasury  in  the  city  of  Little  Rock,  Ark.,  or  at  tbe  banking 
house  of  Messrs.  Latham,  Alexander  &  Co.,  18  Wall  street.  New 
York. 


RAILROADS  OF  MASSACHUSETTS. 
The  following  statistics  of  all  the  prominent  railroads  operated  in  Massachusetts,  for  the  year  ending  September  30,  1875,  has 
been  carefully  prepared  from  the  official  returns  in  the  State  CommisBioners'  office,  exclusively  for  publication  in  The  ChronicIiE. 
We  have  already  published  the  more  detailed  reports  of  many  of  the  principal  corporations,  but  the  table  below  will  be  found  yery 
iiseful  in  showing  at  a  glance  a  summary  of  the  operations  and  financial  condition  of  most  of  the  roads  of  any  importance  operated 
within  the  State  : 


Name  of  Company. 


Capital 

[stock  paid 

up. 


Boston  &  Albany 

Boston  &  Lowell 

Boston  &  Maine 

Boston  lib  Providence 

Eastern 

Fitchburg. : 

N.  Y.  &  N.  F.ngland. 
Bost.  Barre  &  Gard.. 
BoBt.  Clint.  &  Fiteh . 

Cheshire 

Connecticnt  River. . . 

Mass.  Central 

Nashua  Act.  &  Bost. 
Nashua  &  Lowell  . . . 
N.  H.  &  Northamp'n. 
New  London  North., 
do  leasee 

N.Y.  N.  H.  JfcHart.. 
Norwich  &Worcester 
Prov.  &  Worcester.. 

South  Shore.   

Spring.  Ath.  &  N.  E. 
Worcester  &  Nashua 

Old  Colony 

Narrow  Gauge  — 
Bost.  R.  Beach  &L.. 

Grafton  Centre 

Martha's  Vineyard. . . 
Wor.  &  Shrewsbury.. 


Funded 
debt. 


Floating 
debt. 


Cost  of     IPas'eng'rs  Tonsof  ft  „  '  „    ■  ...^ 

road  and       carried    I    carried     Passenger  I  Freight 
equipment. lone  mile. lone  mile,   earnings.!  earnings. 


$20,000,000 

;i,230,ono 

6,1)21,274; 
4.01:0,(100 
4,997,600 
4,000,00(1 
20,000,0001 

f fir.  401 

1,172  600 
2,153  300' 
2,100,0011 
1,756.176' 
494.136' 
8(10,0001 
2.460,000 
1,500,000 


15,600,000 
2.604,000 
2.000,000 
2.59,685 
816,440 
1,789,81X1 
6,733,800 

844,700 
2:1,830 
40,000 
.38,325 


$6,349,000! 

i,6;)9,50o: 

3,200,6001 

500,000 

11,367,948 

500,000 

•.S7',0t6 
2,01>H.«00 
774,600 
250,000 
995.000 
360,947 
2,10,0011 
2,  62,000 
6C7,5l>0 


$2,22.'j,116 

1,162  602 

839,162 

l,lf2,4' 

3,4B.'S,552 

1!-6,142 

934.166 

222,956 

1,049,737 

132,881 

406.174 

36,27; 

230.28* 

279,093 

1^2466 

109,800 


8,000 
5»«,(j00 
500,000 
276,000 
423,900 
l,ftlO,00(' 
4,948,500 

1,000 

9.001 

36,000 


279,758 

124,694 

1,411,06b 


829.891 
247,164 
946,297 

89,063 
3,v63 
12,176 
10.807 


$28,592,957, 
4,9.37,3P2 

10,880,02  •, 
4,1)00.0001 

14.724,786: 
4,41  6,643 

20,891,373 
1,276,816, 
3,750,0371 
2.689,3071 
2,  .559,443; 
2.752,.'61 
1,1143,481 
1,10!l,h96 
3,984  188: 
2,097,769 


119,720,916! 
26,096,711 
65,42.3.484 
.".8,743,664: 
75.201,807 
31,992,341 
18,60:7,127! 

2,.359,3S1 
l(),9i:8.600i 

5,250,743 
ll,6b7,63b| 


m  .  .     U        .1     1       -KT  .      1  Divi-  ^Am't  pidd 

Total     [Operating       Net       flends.  1   on  snch 

earnings., expenses     earnings,  p^r  ct.  dividends. 


15,004,085 
2,613,694 
S,610,P87 
601,59-; 
1,415,724 
•2,472,140 
10,868,386 

282.662 
42,332 
89.211 
47,699 


232,.309,78« 

14,180,661 

26.410,7561 

18,149,6t9! 

.35,6S7,338; 

22,031,844 

9,:i04,650 

1.6.34,063 

21,128,062 

23,0e2.0l-7 

7,357,921 


583,.30fll 
ll,724,60<li 
4,926.399 


.1 


4,B26,!>r4l 
123,003,659' 

6,478,275! 

14,976,6371 
.3,199,526 
1.2'2,195 
5,245,921 

81,295,520' 

1,467,188 
105,315 
SO^S^S 
869,470 


742,875 
P.  3;  0,976 
10,101,674! 

9,237)3181 
31,938,946! 

9,480.923. 

14,283,1141 

223.S.Sfi 

1,029,4981 

9.088,2181 
13,371,281; 


$3,295,444 
581,784, 

l,452,9fit, 
9.35,847 

1,766.280 
768,119 
462,916: 
f6  1001 
510,412 
199,536( 
346,183 

14,889' 
2hl,:i8l' 
174,294! 


$4,328,130 
672,064 
8O9.6SO: 
619,1801 
993,077: 
9l)9,629' 
447,261 
61,5.50 
597,712; 
437,951 
292,0,^31 

19,2.381 
2')7,0H 
418,407' 


201,418! 

3,108,6151 

272,7221 

396,227! 

75,668 

42,826! 

194,(191 1 

1,482,412: 

28,192 
6,906 

13,170 
9.6791 


$7,949,667 
1,2(9,578 
2.368,740 1 
1,S8:.258! 
2,827,290' 
1,720,5J4| 

915,8-iO 

151,757i 
1,119,5171 

658,372! 

677,088^ 


262,':  ,51 

l,4.31,49:-i! 

424, 198 1 

494,4321 

1G,09('1 

52,0461 

267,278 

741,479! 


$5,371,902; 

1,000,090' 

1,69'.,986| 

1,134,021 

2,069,871 1 

1,326,6011 

706,b2(' 

105.2961 

718,314! 

581,444 

419,679! 


10 


34,276! 

6l8,,'i95! 

695,1(4! 

151,975! 

604,7261 
4,599,5231 

72>l,440 

694,479 
92.360 
97,389 

514.409 
2,328,133 

26,249! 

5,905 
13,170 

9.679! 


!,577,764i 
209,487! 
793.7531 
447,2361 
757,4191 
344.028! 
149,2601       .. 

46,462        .. 
401,2(>2  p.g.6 

76,927         4 
257,408         t 


$2,000,000 


8 


41,145' 

461.931 

399,250 

3,341 

376.743 

2,727.397 

434,442 

653,220 

75,22.i 

511.981 

336,079 

1,563,744 

8,722 1 
5,256 1 
8,167 
9,635' 


(loss)9,870 

56,464 

195,913 

148,633 

127,98-< 

1,872,125 

294,997 

241.268 

17.134 

37,408 

178,330 

774,.388 

17,527 

648 

6,0;i2 

44 


10 
10 
10 


8'S 
7 


560,000 
360,000 


310,000 


46,6811 
64,000 
188,000 


110,000 

i.gebiwo 

859,700 

200,000 


l&i,131l 
4«7,0ie 


The  following  rents  paid,  not  included  in  operating  expenses,  and  to  be  deducted  from  the  net  earnings  given  in  table : 

Eastern $200,916  00  I  Boston  Clinton!*  Fitchb..  $334,6=;6  11  I  Springlicld  Athol  &  N.  E....  $7,941  93 

New  York  &  N.  England..      12,  63  16    Nashua  &  Lowell 7S,253  70    Nashua  Acton  <&  Boston..        3,600  00 

Boston  Barre;*  Gardner..      16,400  00 1  Providence*. Worcester..    '  10,980  00    Fitchbiu-g 87.884 


Boston  &  Albany $68,2,10  00 

Boston  &  Lowell 78,466  73 

Soeton  &  Maine 62,575  00 


December  18,   1875.] 


THE  CHRONICLE/ 


691 


I 


OENERAI.  INVESTMENT    NEW^S. 

Atcklson  Topeka  &  SanU  Fe.— The  Und  »al«i  of  this  com- 
panjr  for  NovemlK-r,  and  preTioasljr,  were  as  follows :  For  No- 
vrmber,  1875,  12,858  acre*  for  $83233  05 :  average  per  acre, 
«8  47  1  36.  Toud  lalea  previomilT'.  505,580-06  acres  for  $3,<i27,- 
Sn  44  ;  aTerage  per  acre,  f5  lU  3-3. 

TMalcaabrecelputaAiiciutSI.  ISTS , tsm.i3i  !6 

da  do.    for  9eptemb«r.  1875 aa8>7  7i 

do.  do.    for  October.  1ST5      «,«*«  HB 

do.  do.    for  Norember,  1875 ia.OU  K 


Total... , $i)87,!«  JO 

The  diiproportion  of  eaah  receipts  ia  November  was  from  sales 
to  Maaooaites  on  special  tanna. 

AtUatle  Misaiasippi  ft  Ohio.— Notice  ia  given  by  the 
Treasarer  that  the  intercat  dae  Janaary  1,  1876,  on  the  various 
divisional  Imnd^of  the  company,  will  be  paid  at  the  First  Xalional 
Bank,  New  Tork,  and  in  Petersbar^r  and  Lynchburir:  and  on 
interest  certificatrfl.  at  the  First  National  Bank,  New  York,  or  at 
the  Company's  office,  Peterabarg  or  Lyncbbarj^. 

Baltimore  A  Ohio— Pittobnrtrh  ft  Connell.«ville.— A  meeting 

of  the  ttockholdere  of  the  Pittsburgh  &  <  ODoellavillo  Railroad  was 
held  at  Pittsburgh  on  the  13th,  to  consider  the  proposed  consoli- 
dated mortgage  and  operating  contract  of  the  Baltimore  &  Ohio. 
After  a  discoMion  of  several  hour*,  the  contract  for  50  yearii  from 
Jan.  1,  1876,  was  adopted  hj  a  vote  of  3:1.574  shares  for  to  five 
shares  against.  Some  dissatisfied  stockholders,  who  represented 
aboat  tiirbt  hiwdrad  shares,  protested  against  the  leaae.'and  with 
«aa  aiaapHea  latlrad  before  the  voia  was  ukro.  The  proposed 
aoftgaga  of  A,00O/X)O  to  take  ap  the  present  first  ana  second 
mortgages  waa  approved  and  adopted  onanimoosly.  The  old 
board  was  ra-eleetea  oa  the  6th  lost. 

— Mr.  Oarrett  was  nnanimoasly  re-elected  president  of  the  Balti- 
BoreftOhlo  Company  at  the  recent  meeting  of  the  direciora. 
Aad  at  a  meeting  of  stockholders  the  contract  with  the  Pittabtirnh 
h  Connellaville.  inrlading  the  guaranty,  by  the  B.  &  O.  (  ompany, 
of  tbe  new  consolidated  bonds,  was  unanimously  spproved.  The 
form  of  guaranty  oo  the  bonds  I*  to  be  as  follows : 

"Farialae  r«e>lTCd,  sad  aad«r  aaihorlty  (tven  by  tbe  stock  ImMerv,  at 
their  ■ssUsg  UU  oa  tbe  Utb  day  o(  Decaaibsr.  Isa,  tbe  Baltiaon  A  Oblo 
~  '^     .-  .      .  payawat  s(  tb«  priadpal 

rastaro.    WHaaas  ttaecor- 
•  af  awTlisaaiai. 

"  Wa.  B.  bAJia, 
■  Trsaaarar  of  the  BaKhaore  A  Ohio  BaUioad  Campinjr." 


■al!ras4  Oanaay  baiaby  faaiantecs  Ike 
sadlsSSMSIsTttewttMaVads  ae  Iksy 
potato  taal  of  said  eeapaay  aad  lb*  rigaaf 


Water  Power  C*>— The  treasorer  publishes  a  notioe 
saatliialag  the  publk  against  pan^asing  or  negotiating  any  of  tbe 
booda  or  coupons  of  the  Boston  Water  Power  Company,  issued  to 
or  held  l:y  Nathaa  Matthews,  as  said  bonds  or  cnupona  will  bo 
taken  SDb|ect  to  all  eooltiea  existing  between  the  enmpany  aad 
said  Matlhewa.  Bald  bonds  or  coapoaa  laelude  all  the  b<>a<la 
Isenad  by  tba  Bostoa  Waiar  Powsr  Coatnaay,  dated  June  1,  1874, 
oeoptiac  tkoao  aambarsd  fraaaaW  toMB  laclosive,  1,(00  to  1.007 
tealaalTa,  tJXt  to  3.6S0  laelarftra.  9.701  to  3je00  iacluslve.  and 
1,060  bonds  aombered  from  1/(29  to  8,588  Inclusive,  now  held  by 
the  Tmsteca  andar  the  murtgaga  or  deed  of  trust  of  tbe  same 
dale. 

BarliagtoB  C«dar  BapMsft  XlnnetioU.— From  a  report  made 
bj  Uao.  W  laslow,  tbe  receiver,  at  the  requeat  of  the  boiidholdeni' 
eoBmlttaa.  It  appeara  that  the  road  Is  not  in  very  good  condition. 
Tko  eqalpmaat  eoaslsts  of  80  eagines,  12  passenger,  3  sleeping,  4 
aoaaWaaiVte.  5  baggaca  aad  10  way  ears  ;  SfiO  box,  80  stock  and 
180  eoal  aad  Sat  caia ;  80  haad  and  rubble  eara. 

The  bonded  debt  is  91S;30O.OOO,  Including  all  bonds  hrpotha- 
cated  aad  also  $1,400,000  iaeome  hoods  delivered  by  tlie  trustee 
tUMtgaad  to  Presideot  Blair.  I>educting  the  latter  the  capital 
at  stands  as  follows : 


•task. 


■oMaad  cansacy. 


1,1 


8iM48,lltS 

a  claim   for  $80,000  iateroal   raveBBe  tax  oo 

fh»  groaa  raranna  for  the  pvaaaatyear  la  setimated  at  $1,377,000. 
Tbers  mast  be  expended  aboat  $S88;0OO  (or  taxes,  legal  expeDsea, 
labor  soppliea,  new  Iroa  and  repnlra  of  machinery,  which  will 
abscrb  all  the  net  eamioga  and  leave  some  $00,000  to  be  paid  next 
year. 

Clayer  HIM  Railroad,  Ta.— On  petition  of  the  trustees  under 
ths  aartgagea,  tbe  Virginia  Chancery  Court  has  appointed  James 
l>  Wsftk,  of  Kichmood,  Receiver  of  the  entire  property  nf  tbe 
eampaay.  There  are  bonda  outataadiog  to  the  amount  nf  t'lSS,- 
00$,  OS  which  no  interest  haa  been  paid  tor  some  time,  and  titere 
is  a  large  floating  debt,  iaelodiag  |.'y),000  taxes  due  tbe  .Siaie. 
Tb*  property  cooi^ts  of  a  tract  of  coal  land,  on  which  sre  some 
miaea,  aiid  a  railroad  fourteen  miles  long  conitkctiog  the  mines 
with  the  Riebmoad  *  Petersburg  road. 

Eria.— Oaarutee  of  Boston  Bartfoni  ft  Erie  Bondv- 
Tka  Osaaral  Term  of  tbe  Supreme  Court  at  Albany  has  recently 
■ada  adedalon  Involving  tbe  validity  of  tbe  guarantee  of  the  Krie 
.Railway  Company  of  the  bonds  of  the  Bomdo  Hartford  &  Kris 
Railroad  Compaay,  Issosd  In  March,  1865.  A  aeries  of  80,000  of 
tbeaa  booda.  for  $l/)00  each,  payable  oo  January  1, 1800,  with 
iateraat  at  the  rataof  arren  percent  |>er  annum,  waa  issued  bv  the 
company:  and  »o  Ortobar  8,  1807,  the  Erie  liailway  Company,  by 
Bofatio  S.  Otis,  its  Secretary,  vuarsnleed  the  payiiient  of  tbe  in- 
tarsat  aa  tbe  bonds.  In  HiTi  Mr.  John  Amol,  a  holler  of  330  of 
tha  boada  la  qasatioB.oomiaaMod  suit  to  aaforca  tbe  guaranty, ' 


and  to  recover  the  amoont  of  interest  due.  lo  1874  decision  and 
judgment  were  entered  in  favor  of  the  plaintiff,  who,  having  died 
during  the  prosecution  of  the  suit,  was  represented  by  Ids  execu- 
trix, Harriet  Arnot,  in  the  sum  of  $98,693  69,  damages  and  costs. 
In  .\uga8t,  1874,  the  Erie  Railway  Company  appealed  to  the 
Oeoeral  Term  of  the  Supreme  Court  from  iUe  above,  and  on  the 
30tb  ult.  judgment  was  ^rmed  upon  the  opinion  of  Judge  James. 
The  plaintiff  was  represented  by  Hon.  John  Murdoch,  of  Elmirs, 
and  tbe  defendant  by  Messrs.  Barlow,  Shipman,  Larocque  and 
MacFarland,  of  this  city.  The  case  waa  argued  at  the  Schenectady 
General  Term. 

Indianapolis  Decatur  ft  Springfield.— Stockholders  of  this 
company,  wliich  is  a  recent  consolidation,  embracing  the  late 
Indiana  J:  Illinois  Central,  are  notified  that  a  meeting  will  be  held 
at  the  company's  office  in  the  city  of  Tuscola,  III.,  February  18, 
1876.  This  is  to  obtain  the  concurrence  of  two-thirds  of  the  stock- 
holders for  the  issuing  of  $1,800,000  first  mortg^ige  bonds,  and 
$3350,000  second  mortgage  bonds. 

JacksonTille  Pensacola  ft  Mobile.— The  following  is  a 
memoraodam  of  the  decision  affecting  this  road  in  the 
U.  S.  Supreme  Court : — State  of  Florida  vs.  Andertoii 
HoUand  et  al — This  is  a  suit  by  the  Slate  to  enforce  its 
lien  upon  the  Jacksonville  Pensacola  &  Mobile  Railroad,  under  a 
mortgage  made  in  1870,  in  exchange  for  Stale  bonds  issued 
iu  aid  oi  the  road.  By  this  exchange  the  Slate  took  f  :t,000,000 
of  the  first  mortgage  bonds  of  the  road,  and  $1,OUO,000  of  the 
bonds  of  tlie  Florida  Central  Railroad  Comcany,  in  consid- 
eration of  its  issue  to  the  company  of  $1,000,000  of  l>onds  to 
hasten  tbe  completion  of  certain  roads  which  had  been  consoli- 
dated in  pursuance  of  the  aci  incorporating  it  and  authorizing 
the  aid.  Tbe  interest  on  these  bonds  not  being  paid,  and  a 
balance  remaining  due  on  a  Trustee's  sale  made  in  the  interest  ot 
tbe  State  to  the  companies  of  certain  of  tlie  roads  concolidated, 
this  suit  was  brought,  and  the  decision  is  that  the  defendants 
ought  to  be  enjoined  from  selling,  taking  possession  of,  or  inter- 
fering with  the  line  of  railroad  extending  from  Lake  City  to  the 
Chattahoochee  River,  and  from  Tallahassee  to  St.  Mark«,  so  as  to 
Impede  or  obetruet  the  State  in  taking  possession  and  procuring 
it  ta  be  oon|}emned  and  sold  in  payment  of  the  purchase  money 
and  interest  claimed.  The  Receiver  of  the  property  heretofore 
sppointed  is  continued  until  the  property  can  be  delivered  up  to 
the  proper  authority.     Mr.  Justice  Bradley  delivered  the  opinion. 

Leavenworth  Lawrence  ft  Galreston.— The  Receiver,  Mr.  B. 
S.  Uenning,  makes  tbe  following  statement  of  earnings  and  ex- 
peaaea  for  Uclober  : 


KamlBin. 

Halo  Use SJI,>7()  8* 

Kaaaa*  CUvft  9anu  Ks  Branch ....     1,861  88 
Soatbera  Kaiua*  Boaeb l,Mt  10 


Total* $S8.»1  <0 

ToUI.  Mala  Line  aud  braoche«.'7(.  31.1M  87 


ExDCDfen. 

tlli.8M  10 

8.800  7C 

7tS06 

$18,480  M 
I7.a;'l  S9 


P.  c.  of 

Netearu.  exps. 

$18,834  U       39 

im  IS       60 

7»  15       BO 


•n:S 


>  60 
48 


43 


Mllwaakee  Lake  Shore  ft  Weatem.— The  United  Statee 
Bfarsbal,  at  Milwaukee,  Dee.  10,  sold  on  foreclosure,  for  tbe  first 
mortgage  bondholders,  the  Milwaukee  Lake  Shore  &  Western 
Railroad,  running  from  .Milwaukee  north  to  Two  Rivers,  and  also 
the  franchises  ot  tbe  Milwaukee  Manitowoc  &  Green  Bay  Rail- 
road. The  total  amount  paid  lor  both  rnals  aifl  franchines  was : 
For  the  lormer,  $2,500,788,  and  for  the  latter,  $1,322,088,  being 
the  amount  ot  the  mortgage  bonds  and  interesu  The  purchasers 
are  Adam  Nnrrie,  I.,awreiiee  Wells.  Morris  K.  Jesup,  Samuel  S. 
Sands  and  W.  .\.  Qolon,  of  New  York,  for  the  bondholders. 

New  Tork  Conrt  of  Appeals  DeeislouB.— The  following  are 
abstracts  from  the  Evening  PoU  reports : 

STOLBN   BOHDS — BOIfJk-FIDB  HOLDERS. 

Brmemmn  againtt  Chapman — Appeal  from  tbe  Fourth  Depart- 
meat.     Defendants  were  brokers  doing  business  in  New  York  citv. 
One  Van  Alstine  was  cashier  af  "  Westlalls  Bank,"  at  Lyons,  N, 
Y.     Van  Alstine  speculated  in  stocks,  and  defendants  had  for  some 
two  years  bought  and  sold  stocks  on   big  accnnnt.    Plaintiff's 
testator  enlrnsted  a  tin  box  containing  bends  to  V^n  Alstine  for 
safe-keeping.     The  bos  was  placed  in  the  bank  vault.     Oo  Friday, 
Feliraary  31 ,  1868,  defendants  received  and  paid  for  certain  shares 
of  Erie  stock  which  Vaa  Alstine  had  ordered  them  to   buy.     Ou 
the  same  day  Van  Alstine,  having  obtained   a   key   which   fitted 
Taft's  box,  opened  it  and  abstracted   therelrom   $5,000   of   Talt's 
booda  which  he  sent  to  defendants  by  express.    The  bonds  were 
delivered  to  tbe  express  agent  at  Lyons  bt-twei-n  10   «.    M.  and  3 
^jli_a>Jjiat  day.    Oa  the  next  day  he  forwarded  $3,000  in  bonds, 
6^WtMr$l,S00  belonged  to  Taft.     Upon  receiving  these  bonds 
4atawllanu  paid  the  money  and   took   the  stock.     The  previous 
agreement  nf  purchase  and  sale  was  oral.    Sub'equontiy,  they  sold 
tbe  stock  by  order  and  also  bnngbt  and  sold  more  stock,  all  at  a 
loss,and  on  March  12,  learning  that  Van  Alstine  had  absconded,  tbey 
sold  the  bonds  and  there  remained  a  balance  on  defendants'  book's 
seainst  Van  Alstine  of  $186  86.    On  March  18,  1868,  after 'he  sale, 
the  binds  were  demanded,  and  thereafter  this  action  was  bronght 
for  tbeir  value. 

The  case  has  been  thrice  tried.    At  the  first  trial   plalntiiT  waa 
nonsuited. 

Tlie  Uenersl  Term  affirmed  the  judgment,  but  upon  appeal  the 
Court  ofJApreals  reversed  thejndgment  and  ordered  a  new  trial, 
holding  (Andrews,  J.) :  "  That  defendants  gave  credit  to  the 
promise  of  Van  Alstine,  and  not  to  the  bonds  ;  that  the  receipt  of 
the  bonis  and  the  fulfilment  of  the  contract  for  the  purchase  of 
the  stock,  after  snch  receipt,  did  not  make  them  bona  fide  holders, 
and  that  Ihey  were  therefore  liable  ;  also,  that  it  tbe  defendtinis, 
after  receipt  of  the  bonds,  purchased  upon  the  credit  thereof  any 
stocks  for  Van  Alstiae,  they  were  entitled  to  hold  them  as  secu- 
rity for  say  loss  arising  In  that  transaction  ;  but  the  aale  of  bonds 


69i 


THE  CHRONICLE. 


[December  18,  1876. 


beyond  the  amovint  neceBsary  was  s  conversion,  for  which  an 
action  would  lie." 

At  the  second  trial  defendants  were  again  successful,  but  a  new 
trial  was  ordered  by  tlm  (General  Term.  At  the  third  trial  the 
court  directed  a  verdict  for  the  defendants.  Judgment  was 
affirmed  at  General  Term,  which  held  (Mason,  .1.):  The  facts  bein^ 
all  out,  the  rights  of  the  parlies  can  as  well  be  adjusted  now  as 
after  another  trial. 

The  Court  of  Appeals  has  reversed  the  judgment  and  ordered 
s  new  trial,  costs  to  abide  the  event. 

KAILKOAD    FOHECI^OSDltlC- 


the  aacrlSce  of  the 

} appo  

It  would  h«ve  to  go  over  ill  the  Liluoficl'd  caee'io  the'neirrale 


_-  prnperty  In  their  charge.    The  propobillon  for  their  dle- 
char)!ciind  theappointuient  of  a  new  receiver  could  uot,  In  any  event,  be  made 


-UBN    OF   conroNs    P.VID    UY   THIKI) 

r.VKTV. 

Tht  Union  I'rusl  (Jompany  againtt  the  Montic«Uo,ete.,  Bailimy 
Company. — Appeal  from  the  Second  Doparliiient.  This  action 
was  brouifht  lo  foreclose  a  mortgasu  made  to  secure  |500,000 
bonds  issued  by  the  railwav  company. 

It  was  sold  on  the  7  h  day  ot  July,"  1875,  under  judgment  of  the 
Special  Term,  for  $165,000.  The  dt^cree  finds  due  to  the  bond- 
liolder.i  about  |G00,000.  There  was  also  a  second  mortga/re  of 
$150,000  upon  the  roar).  The  interest  was  paid  on  the  bonds  of 
the  company,  at  the  Union  Trust  Company,  in  the  city  of  New 
York,  until  and  including  January  1,  1873,  since  which  time  no 
interest  has  been  paid. 

On  October  13,  1874,  an  order  of  reference  was  entered,  to  take 
proof  of  the  amount  due  for  interest  and  principal  and  to  ascer- 
tain the  holders  of  the  bond's  and  coupons  mentioned  in  the  com 
plaint.  Ufiou  said  reference,  one.  Smith,  appeared  and  ores'^nted 
twenty-seven  fin>l  mortgage  bonds  as  being  held  by  him.  He 
also  presented  the  coiqious  from  the  whole  issue  of  five  hundred 
said  first  mortgage  bond*,  i>ayment  of  which  was  received  by  the 
bondholders  at  the  Union  Trust  Company,  as  follows:  July  1 
1872  ;  October  1,  1872,  and  January  1,  1873. 

He  ttates  that  he  h.id  been  acting  as  the  finaccial  agent  of  the 
compauy  ;  had  taken  of  tliem  all  the  fir.-<t  mortgage  bonds;  also, 
all  the  second  mortgage  bonds,  and  had  sold  all  the  first,  except 
$27,000,  and  half  th-<  ssconos.  That,  by  the  coojent  "f  the  Prtsi- 
deni  of  the  railway  company,  he  fiirnishei  lo  the  Union  Trust 
Conipimy  the  money  to  take  up  the  said  coupons  at  the  three  last 
m-'ntioued  dates  ;  that  the  olHcer  receiving  the  coupons  agreed  to 
hold  ihem  for  him  uncancelled.  No  notice  wa<  given  to  bond- 
holders that  the  coupons  were  paid  by  Smith.  8mi:li  claims  that 
he  is  entitled  to  payment  of  the  amount  advanced  on  said  eoupous 
(over  $26,000),  pru  rata  witli  the  holders  of  the  bonds  and  other 
coupons,  and  that  his  debt  is  still  secured  by  the  mortga^^e,  and 
that  his  takin(f  of  the  coupons  uncaacell.d  was  an  assignment  to 
him  of  the  same. 

The  referee  reported  that  Smith  was  not  entitled  to  he  paid 
until  alter  the  bondholders  had  been  paid  in  full. 

'I  he  Special  Term  confirmed  th'a  report. 

Smitli  appealed  to  the  General  Term.  This  appeal  is  from  the 
order  of  the  General  Term  entered  August  30,  1875,  affirming  the 
decision  of  the  Special  Term. 

The  Court  of  Appeals  has  affirmed  the  order,  with  costs. 

Pacific  of  Missouri.— There  was  a  meeting  of  the  stockhold- 
ers of  this  company  on  Wednesday.  The  committee  appointed 
at  the  meeting  of  the  stockholdera  on  the  6th  ult.  submitted  a 
report,  wliich  charged,  among  other  things,  that  some  of  the  di- 
rectors made  subscriptions  to  large  amounts  of  bonds  at  a  low 
price,  not  to  be  paid  for  until  the  bonds  were  sold  at  a  higher 
price,  and  in  the  case  of  the  second  mortgage,  which  was  not 
sold  until  the  present  management  came  into  power,  said  to  be 
as  large  an  amount  as  $1,000,000,  to  one  director  at  seventy  per 
cent.,  when  the  bonds  were  sold  at  80  to  85  per  cent.,  and  to 
other  parties  $1(K).000  each,  upon  similar  principles.  Various 
irregularities  are  also  charged  in  issuing  bonds  for  building  the 
Carondelet  Branch,  in  the  (lurchase  of  equipmen'.s  and  in  making 
rings  and  syndicates  lor  handling  freight,  &c. 

The  committee  think  that  all  the  accounts  and  doings  of  the 
company  should  be  examined  closely  and  the  facts  reported  to  the 
stockholders  ;  and,  if  the  charges  are  true,  that  suits  should  be 
commenced  to  recover  back  such  money  as  has  been  wrongfully 
taken  from  the  company,  and  to  declare  null  and  void  such  mori- 
ga^es  as  they  have  wrongfully  made  upon  the  property;  and  that 
the  lease  to  the  Atlantic  &  Pacific  Railroad  Company,  should  be 
cincelled.  and  damages  obtained  for  a  breash  thereof.  Tiie  com 
mittee  submitted  a  callfora  legal  meeting  of  the  stockholders,  to 
request  and  acc^p'  the  resignation  of  the  present  directors,  and  in 
the  event  of  their  refusing  to  resign,  then  to  remove  tliem  as  such 
directors;  and  to  transact  other  business,  including  the  cancel- 
lation of  the  lease  made  to  the  Atlantic  &  Pacific  Railroad. 
Th«  report  of  tlie  committee  was  adopted,  and  a  resolulioa  was 
pnss<id  authorizing  an  assessment  of  one-quarter  of  one  per  cent, 
and  the  committee  was  directed  to  levy  and  c  lUect  the  Bime  on 
all  stock  which  shall  ba  admitted  to  participate  in  the  efforts  now 
being  made  to  regain  the  control  of  the  property. 

In  th'  United  States  Circuit  Court,  at  St.  Louis,  Judge  Treat 
rendered  the  following  decisions  ai  t)  an  injunction  and  the 
appointment  of  new  receivers  for  the  Missouri  Pacific: 

LitllclieM  v.  \.  &  \'  It.  R.  Ci.— The  motion  of  St.  Louis  county,  ti"hc  made 
a  pany  defend. nl  in  lliis  case,  is  pottpnned  to  Jan.  4.  Until  the  connty  ia  ad- 
mitted as  a  pany  in  that  suit,  no  motion  in  it.  at  its  inblance,  will  be  entir- 
taiiied. 

C.wdry  etal.  VI".  A.  &  p.— M.  P.  Directors,  etc.— In  this  else  motions  are 
node  fur  injunction  and  lo  discharge  the  receivf  rs  of  the  custody  nf  Mis- 
sonri  Pacific,  'the  receivers  in  the  fi.rmer  caee  are  not  parties  trt  this  bill. 
If,  under  proper  circumjtai'ce.^.  such  prayer  could  be  granted,  it 
cannot  ))e  under  a  bill  to  which  they  are  not  partic.'.  But,  how- 
ever th.»t  may  lie,  the  Court  would  not  grant  the  praver  in  the  present  condi- 
tion of  th  se  cases.  The  property  of  both  road*  i»  in  the  custody  of  the 
CSonrt,  whore  it  must  remafu  until  cause  is  shown  for  shifting  the  oftlcers.  No 
such  cause  is  shown ;  hut,  on  the  other  hand,  reasons  are  given  why  the 
preaent  offlcers  should  remain,  inasmuch  as,  in  addition  to  their  bimda  as  re- 


in this  case, 
day. 

The  proposition  for  an  injunction  against  the  t-ansfer  of  bonis  named,  rests 
upon  other  considerations.  The  validity  of  the  third  mortgage  bonds  Is 
involved,  and  lieiice  it  is  important  that  those  dofeiulauts  who  have  or  control 
the  same  should  not  part  with  iheni  until  that  quesiion  can  be  decided.  This 
is  ou  the  th -ory  that  the  Court  cam  erant  the  inotion  to  di!>i]ils8  as  to  two  par 
ties  plaintifV.  and  thus  obtain  jurisdiction.  Th»t  iioint  luis  bcem  decided  by 
the  Supreme  Court  of  the  United  States.  The  motion  to  dismiss  as  to  Uiex* 
and  Vogel  is  sustained. 

The  defendant?  fined  are  the  Pacific  Railroad,  the  Atlantic  &  Pacific  Raii- 
rosd,  T.  I'.  Buckley,  Andrew  Peirce,  liufus  J.  Lackland,  Hwight  Unrkee.  James 
linker,  Samuel  Hayes,  M.  J.  Lipnian,  D.  E.  Garrison,  Jolin  Taussig.  Oliver  A. 
Hart,  D.  K.  Ferguson,  Webb  M.  Samuel  and  T.  B.  Edgar. 

The  bill  charges  that  the  property  of  the  Pacific  Railroad  is  incumbered  for 
?.7,nO(l,0<X)  ,lir»t  mortgage  lionds.  Jlurdock,  Uunelt  &  Clark,  trustees,  no  one 
of  whom  has  been  served  ;  also  for  $3,050,000  gecond  martgago  bonds,  Morgan 
and  Scligman,  trustees,  neither  of  whom  has  been  served;  and,  also,  for 
$800,000.  Lackland  and  Durkee,  trustees,  both  of  whom  are  served;  and.  fur- 
ther, on  the  Carondelet  branch  aloae  for  S500.000  to  Sellgmin  aud  Bah.;r. 
trustecB,  Baher  served,  and  Scligman  not  served  ;  tbeu,  lor  81,500,000  income 
bonds.  Stout  and  Kigar,  trustees,  Edgar  served  and  St-Mif.  not  served;  then. 
$i,000,000  improvement  bonds,  guaranteed  by  Atlantic  &,  Pacific  Railroad, 
Vail  and  Vi»h,  trustees,  neither  served;  lastly,  ?t,noo,OW  Ikl'd  mortgap.e 
bonds.  Vail  aud  Fish,  trustees,  neither  of  whom  is  se-vea.  Ac  &o. 

Hence,  in  the  present  aspects  of  the  case,  an  iujanctioo  wi  I  bo  granted 
against  all  parties  defendant  who  are  served,  or  who  h;ive  entere  I  their 
appearance,  not  to  transfer,  dispose  of,  or  in  anywis-j  pledge  or  subject  to 


sale,  transfer  or  nledtre,  any  of  the  said  income  or  improvement  bondf»,''Qr  any 
of  the  $300,000  i)ontr«  for  which  Lackland  and  Durkee  arc  t  ustees.  and  for 
any  of  Ihe  $300,000  bonds  for  which  Seligmau  and  B:ili.:r  are  trustees,  or  any 
of  the  thi'd  mortg*ge  bonds. 

This  injunction  will  issue  upon  the  filing  of  the  usual  injunction  bond 
therefor,  by  thj  plaintifl',  in  the  snm  of  $20,003. 

It  has  been  stated  in  the  argument  that  an  advisory  m 'cting  of  the  stock- 
holders hue  been  called,  to  determine  whether  the  Pacific  llailroad  will  rescind 
the  lease  to  the  Atlantic  &  Pacific  Railroad.  When  that  meeting  has  been 
held  and  its  action  is  known,  this  Court  will  be  better  advised  as  to  the  status 
of  said  lease. 

As  these  e:i8es  now  stand,  that  lca«c  still  subsists,  and  matters  pertaining 
tbereioare  In  the  hanis  of  the  receivers  in  the  Littlefield  case.  Until  some 
new  a«i>ect  of  these  cases  Is  developed,  this  Court  will  not  disuirb  the  orders 
heretofore  made  in  the  Littlcfield  case,  for  it  is  obvlons  that  to  do  to  would 
only  proJuce  Injury  to  the  interests  of  all  concerned,  with  unnecessary  litiga- 
tion to  the  possible  benefit  of  no  one. 

The  injunction  will  issue  to  the  Cowdry  case,  as  indicated. 

Peniisylvaiiia. — The  Navy  Yard  property,  at  Philadelphia, 
recently  sold  at  auction  by  the  United  States,  was  purchased  for 
this  company  for  $1,000,000. 

Portland  Saco  &  Portsmouth.— An  adjourned  meeting  of  th* 
stockholders  was  held  at  Porttmouth,  Dec.  14,  aud  the  folljwing 
re^olution  was  passed : 

Resol'Ded,  That  the  directors  of  the  company  may  agree  with  the  Eastern  Rail- 
r-iad  to  modify  the  existing  contract,  so  that'  tlie  four  ensuing  dividends,  to  be 
^emi-annually  paid  for  the  use  of  the  stockholders  of  this  company,  shall  be 
redu  ed  to  three  per  cent  eich,  but  upon  the  conditions  that  the  Eastern  shall 
pay  the  taxes  levied  on  this  road  and  its  property,  and  IhM  the  credit  ngreed  to 
be  loaned  to  the  Eastern  nndi-r  article  U  of  said  contract  shall  be  henceforth 
limited  to  the  $250,000  of  credit  now  actually  in  use. 

Sodns  Point  &  SontUern. — Last  week  the  reorganization  of 
tile  Sodus  Point  &  Southern  Railroad  was  completed  by  the 
election  of  Sylvanus  J.  Maey,  President;  Ctiarles  E.  Carry], 
Secretary  and  Treasurer,  and  Colonel  E.  H.  Wright,  Vice- 
President.  The  old  name  of  the  road  has  been  dropped,  and 
hereafter  it  is  to  be  known  as  the  Ontario  Southern.  By  the  terms 
of  the  re  orpaoiziitiou  a  mortgage  ot  $1,000,000  is  to  bo  issued,  of 
which  $700,000  are  lo  be  given  to  the  old  first  mortgage  bond- 
holders, and  the  balance  is  to  pay  ofT  receiver's  certificates,  kc. 
The  slock  of  the  new  company  will  be  500,000  preferred  and 
100,000  ommon  :-tock.  President  Macy  informj  us  that  tlie 
business  of  the  road  is  rapidly  improving. 

Tennessee  State  Fiuances.— A  press  dispatch  from  Nashville, 
Dec.  15,  pays  :  "Governor  Porter  to-day  addressed  a  letter  to  a  large 
holder  of  Tennessee  boiid-s  in  Now  York  stating  tliat  the  January 
interest  on  said  bonds  will  not  be  paid.  He  says  that  the  public 
revenues,  as  fast  as  ptid  into  the  Treasury,  will  be  applied  to  the 
liquidation  of  tlie  loan  account  of  .'^355,000,  contracted  in  meeting 
the  January  interest  last  year,  and  redeeming  outstanding  Treas- 
ury warrants,  which  amount  to  $425,000.  The  State's  inability  lo 
pay  is  attributed  to  the  postponement  by  the  Legislature  of  the 
payment  of  taxes  and  to  the  hard  times.  The  Governor  further 
says  he  has  reasons  to  believe  tliat  most  of  the  lage  holders  of 
Teunessee  bonds  would  be  willing  to  fund  them  at  a  lower  rate  of 
interest  if  a  guarantee  be  given  that  the  interest  shall  be  promptly 
paid  in  future.  He  expresses  the  opinion  that  the  present  rate  is 
higher  thau  the  people  are  able  to  pay,  but  suggests  no  basis  of 
compromise." 

Toledo,  Peoria  &  Warsaw. — The  Receiver's  report  for  October 
and  November  has  the  following  :  Total  receipts  for  two  months, 
including  $49,800,  balance  ou  hand  October  1,  $366,tjU  33-  Total 
disbursements,  including  $19,354,  balance  on  hand  November  30, 
$366,041  23. 

: — On  the  complaint  of  Win.  Foster,  Jr.,  a  bill  has  been  filed  in 
the  United  States  ('ircuit  Court,  in  Oiaicago,  to  foreclose  the 
mortgage  of  1861  on  the  Eastern  Division,  from  Peoria,  111.,  to  the 
Indiana  line,  110  miles.  The  bill  claims  that,  being  under  a  prior 
mortgage,  this  suit  should  take  precedence  of  that  now  being 
prosecuted  by  the  trustees  under  the  consolidated  mortgage. 

In  the  same  court  D.  E.  Hawley,  of  New  York,  has  filed  a  bill 
in  foreclosure  of  the  first  mortgage,  Western  Division.  This 
mortgage  is  for  $1,800,000,  and  covers  the  r9ad  west  of  Peoria. 

Wilmington  &  Heading.  — At  a  meeting  of  the  first  mortgage 
bondholders  of  the  Wilmington  &  Reading  Railroad  Company,  in 
Philadelphia,  on  Tuesday,  Matthew  Baird.  of  the  committee, 
appointed  to  fix  on  a  plan  of  foreclosure  of  the  first  mortgage 
bonds,  reported  a  plan  of  purchase  to  protect  the  first  mortgage 
bondholders.  The  first  mortgage  bonds  amount  to  $1,3(X),000, 
the  second  to  $1,700,000  ;  stock,  $800,000,  and  a  floating  debt  of 


celvers,  they  bav*  l»rg«  pwsowl  or  repreeeotativeB'  interest  In  preT«itinj  1  |500,000.     The  report  wag  adopted. 


December  18,18751 


THE  CHHONICLE 


593 


^  1)  c  v£  0  m  m  c  c  c  i  ^  JL^j^^H^::^ 
Co7>l M ERCIAL  EPITOM E. 

fKlDAT  NioHT.  Dec  17,  1875. 
There  baa  been  but  •  moderate  degree  of  actiTity  in  the  gen 
•nl  mirket,  with  no  fipecial  inflaencea  at  work.  Exporters  are 
taTored  alightij  by  an  improTement  in  exchange  and  aome  decline 
in  oenn  freight*.  Porei/;a  mercbandiae  has  beua  dull,  with 
prieeain  aome  caaea  luwcr.  Western  products  have  continued  to 
be  held  at  speculative  values.  The  weather  has  again  become 
wintry,  and  inland  navigation  at  the  Northweat  ia  finally  and 
completely  eloaed.  The  proceediugs  in  CongTMS  have  much  leva 
influence  than  Ian  Winter,  because  it  is  believed  that  nothing  of 
importance  will  be  accomplished  at  the  present  session. 

In  pork  and  lard  the  speculation  has  >>een  gaiuing  strength,  and 
hog  prodocta  generally  are  held  for  an  advance.  The  packing 
MM  on  continues  to  make  slow  progrem,  and  prices  of  swine  have 
advanced.  The  number  alauKhtered,  at  six  principal  towna  of  the 
Wral,  to  December  9  w«s  1.090,000,  against  l,6ti5,000  last  year- 
To-day,  new  mrM  pork  declined  to  f21  on  the  spot,  but  was  firm 
for  lutnre,  and  sold  at  $90  90  for  February.  Ijud  was  rather } 
dearer,  with  prime  Western  at  13  l-16c.  on  the  spot,  13  3  16c.  for 
Jannary,  13  iCiOc  fur  Fehruary,  and  13  7- lOe.  for  March.  Bicon 
was  in  demand,  with  aales  of  city  long  clear  for  export  at  He, 
and  Waatam  quoted  at  lUf-.  Butter  has  been  firm  and  fairly 
•ellTa.  Cbeaaa  haa  bean  more  active  for  export,  with  prime  to 
ehofca  la..-toriea  quotad  at  12<glSc 

Rio  eoffse  baa  been  dull  and  drooping ;  the  stock  at  this  port 
haa  laereaaed  to  140,113  baga,  but  the  visible  aupply  la  reduced  to 
3193M  baga ;  fair  to  prime  cargoea  quoted  at  191<390H:-  STold  ; 
oihar  giowtha  have  been  faiily  active,  but  close  weak,  under 
largB  atocka.  Kice  haa  been  dull  and  drooping.  Molaases  has 
baaa  lower  for  dumeatic.  Teas  have  been  very  active,  and  with 
radoead  stocks  pricea  are  fimi.  8ugan  are  quoted  at  ^c.  decline 
for  raws ;  good  refining  Sfc;  standard  enuhcd  lOic 


O  O  T  T  O  N. 

Friday,  P.  M.,  Dec.  17.  1875. 
The  MovK:kl8NT  of  TBB  Crop,  aa  indicated  by  our  telegraius 
from  the  South  to-night,  ia  given  lielow.  For  the  week  ending 
this  evening  (December  17)  the  total  receipts  have  reached  193,642 
bales,  against  17'2,90l  bales  last  weelv,  157,880  bales  the  previous 
week,  and  183,161  balea  three  weeks  siace,  luakiug  the  total 
receipts  since  tiie  lit  of  tieptember,  1873.  1,957.5'3S  bale.'<,  ngaiuat 
1,831,858  bales  for  the  same  period  of  1874,  fiUoning  nn  iiirrease 
since  Sept.  1,  1875,  of  13.>,(i7U  bales.  Tlie  detail.s  of  the  recaipts 
for  thi!<  week  (as  per  tele^apU)  and  for  the  corresponding  weeks 
of  five  previous  years  are  as  follows: 


Receipu  thli  weak  at— 


■caaiyto 


MStWl 

Dee.  II 


tweak. 

week.. 


lis 


it,im it,ai 


iozas. 

Baf*. 

MclMlo. 

ijn 

MU 

tei 

IMS 

4tl 

M,ta 

B1,0U 

I.™ 

»M« 

wt.m» 

«n 

Kentucky  tobacco  baa  been  in  fair  demand  and  atoady  at  7o<9c. 
for  lags  and  l(liirI7c.  for  leaf;  the  aalea  for  the  week  embraeeil 
900  bhda..  oi  which  700  were  for  export  and  300  fur  speculatloa.' 
Bead  leaf  liaa  baeo  quiet,  and  priOM  father  weak.  Tha  aalM  em- 
braea : — Crop  of  I8iO,  28  eaaaa  CoBDcetlrut  and  MaMachnaatta  at 
7e.;  crop  of  1878,  ISO  eaaaa  do.,  on  private  terms,  140  raasa  Naw 
York  at  21c;  and  crop  of  1874.  300  cuea  Connecticut  and  Maasa- 
eboaatta,  at  Itff^k^i  •'•o  900  eaaaa  sundry  klnda  at  7c<rl3^. 
Spanish  t"baeco  has  been  qniot  \>ut  s:etdy  ;  aalM  300  balea 
llavan*at88c"<$1.13,  and  340  balea  Vara,  1  &  3  cut,  on  private 
terma. 

la  DBval  atora*  nothing  special  haa  transpired  during  the  past 
week,  buainees  qaict,  aod  late  prices  about  tha  aama,  87c.  for 
aplrita  turprntloe,  and  ft  70r<f$l  73  for  oommoa  to  good  atralned 
raala.  Petroleum  has  latterly  showa  poine  advance,  under  tha 
inlaa»ee  of  a  higher  market  at  the  Creek  ;  crude,  la  bulk,  cloeea 
at  7ic.  aad  refined.  In  bbla.,  at  13|(3i:ic,  for  December  dallTary. 
Ingot  copper  remains  steady,  with  300.000  Iba.  Like  aold  at  28|(a 
334c.,  eaala.  Whiakey  docliaad  to  f  1  lOi.  Weatara  clover  aead 
sold  at  13|c 

There  haa  lieen  a  steady  barineaa  in  ocean  freighta,  yet  not 
equal  !•  that  reported  a  ircok  ago  ;  and  more  liberal  arrival*  of 
toaaago  kavo  eaoaad  soma  ■aalaadlaana  in  ratea.  (irain  to  Liver- 
pool, by  steam,  lattarly  at  lO^^lOid ;  cotton,  |418-3-Jd. : 
provisions,  Kciil*.  per  Ion.  (iralo,  by  sail,  8{d.,  and  ootion 
itlOd  .  grain  to  London,  by  staam,  10K<211d. :  flour,  3s.  l^d. 
Urala  to  Olaagow,  by  sail,  9)d.,  and  flour,  3*.  3d. ;  gram  to  Bot- 
t*rda«,  bf  steam,  lOJ.  :  do.  to  Cork,  for  orders,  7s.  4id-'<'7s.  01.; 
do.  to  Belfast,  7s. :  do.  to  Lisbon,  17^  gold  ;  do.  to  Uporio,  3'jc. 
gold  ;  rrfiaed  petroleum  to  Cork,  for  orders,  .js.  Od.  flat  ;  do.  from 
PbUadalpbia  to  ibeCuoiineni,  6*.  (amall  veaael.)  To-day  there 
was  a  further  slight  decline,  not  only  in  berth,  but  alao  In  charter 
moM.  tinia  tn  Liverpool,  by  steam,  lOd.  per  00  Iba. ;  bacon,  SOs  : 
and  cotton,  at  7  1<  I.  'irala,  by  wit,  716d. ;  do.  to  Olugow,  lOd. 
The  nominal  rale  fur  grain  t<>  Cork,  for  orders,  was 7a.  8d.<i$7s.  (Id. 
>ia  patroieum  cbatUrs  were  made  to-day. 

DidaM  have  ruled  a  shade  lower  and  moderately  active  ;  dry 
Mootevtdco  sold  at  20<i|t30ici  do.  seoooda  at  17c.  gold,  4  months, 
aad  alty  slaoghtar  ox  at  Vie.  currency.  Linseed  oil  has  remained 
steady  at  tt^CSc ;  crude  sperm  baa  ruled  higher,  owing  to  the 
light  supply  ;  ihare  have  boao  lalrs  at  New  Bedford  of  1.000 
bbU  at  %iy'i     Uther  ull*  qoiot  and  uocluuigad. 


Ncn  Orleans.... 

Mobilo 

Oharleelon 

I>«t  RoraU  Ao. . 

Savamwh 

OalveotoB. 

lodUuola,  Ac..., 
Teanessee,  Ac. 

Florida 

Mortb  CuoUaa... 

Notfolli  

Clt]rI*olDt,*e... 


Toul  this 


Total  «lare  Sept.  1.. . 


UI5. 


19.M0 
1,091 

S4,aa8 

tt,6U 
687 

11,801 
l,ll«5 
S.SW 

U,MS 

ni 


sa.»i6 

W,179j 

i.oto, 

SO.«tB 

tO.SKI 

l.S.'s' 

to:; 
«.i>i>t: 


«8,8!I8J 
IS.'Mtj 

aa.a«o 

S4.968 
i9,9-5] 

SS6; 

5.487 

411' 

s.n»j 

19,8U 
l,ti9 


34.998, 
13.498, 

14,087 ! 

30,479 

9,A6.1 

S,415 

3i8 

t,»3<l 

»,9TS 

1,086 


1871. 

4i,766 
16.061 

»,3<0i 

2),3S0 

8,413 

Ii.7a6 

4»r 
i,m 
s.ost 
8,r)6 


1870. 

liS,tIS 

19,783 

13,316 

98,947 

H,07S 

7,9St 
313 
9.TU 
lt,80« 
t,6<7 


IS3,e48|    188.434|    :96.481     1U,3STJ    1*0.918 


155,717 


1.987,5tt  1.8*1.858  1,594.6:5  I.B»9.W0|l.l1B,»7  1.«7g.5g7 


The  exports  for  the  week  ending  this  evening  reach  a  total  of 
187,300  balea,  of  which  7^.803  were  to  Oroiit  Britain,  38.800  to 
Ftaaea,  aad  IS.SiS  to  rest  of  tlie  Contineut,  while  tlie  stocks  as 
made  up  this  evening  are  now  708,074  bales.  Below  are  the 
stacks  and  oxporta  for  tlie  week,  and  also  for  the  corresponding 
week  of  last  season: 


Week  eadtaf 
D«:.  17. 


MewOrlMUU. 
MoMIc 


Baraaaaa.. 
aalvestoa. 
New  T«rk. 
Otharporte' 

Total  this 


TtfUl  elfiee  Sept! 


Great  i_ 
_  ..  ,      Fraaecl 
Britain. 


gzportedto I    ToUl  j    Same 

,'Contl-l     '"•     I    *••* 
]  nent.      ""k.  |    1874. 


iSion 

1460 
4.075 
lt,MO 

»,too 
6,5a; 


9(»,n7 

6,176 
I.IOSI 

lM6l 


6.801 
t,tlO 
1.800 
l,tt> 

a,4M 

600 

1.8:3 


stock. 


irs.      1874. 


55,39!) 
9.110 
16,8:6 
8,1*1 
17,039 
18,900 
10.410 


37,133  Stl,3C0  1309.951 
..  66.SS1  6<,at)t 
10,4M  63,935  60,97» 
ti.OU  93.869  {104.453 
15,798  80,064  87,381 
I0.7«7  1 17,599  110.514 
11.101  ,  G5.00d  ,  81.00O 


«a,<no  I  I8,5i3 '   rn.ioo    lor.ioi  '708,0:4 


«M.49o  'ia«.7B6  lai.*aoii.a*4.vo6    917.1M 


740,rOi 


'TUsexaefUlkls  vsakonaerihskeMlot  -uUier  poru"  <nrlu<f  from  Baltimore 
I  kales  te  Uiweeui  aatf  07  balee  te  Uremen  :  rrom  Bouoo  S>  netsi  to  Llrer- 
~aii*ilsMe  Mthelee  to  LlTeri>o«l :  f'oin  Notfolk  t.stl  l>«l--«  to  I.lr- 


erpoul :  fruia  Wlbalactoo  l,wi  balm  lo  MvitpouI  and  i,t»  Iwlen  to  the  I'onllaeot 

IS^Uur  telegram  from  New  Orleans  to-night  shows  that 
taMidM  tha  above  exports  the  amount  of  cotton  oa  shipboard,  an  d 
aagagod  for  ahlpmeat  at  that  port,  is  as  follows  :  For  Liverpool, 
43/)00  balea;  for  Ilavre,  38,000  bales;  for  Continent,  ',7,000  bales:  for 
eoMtwlae  porU,  3,000  bales;  total,  00,300  bales;  which,  if  deducted 
from  the  stock,  would  leave  UI^.OJO  bales  represeatiug  the 
quantity  at  the  landing  and  in  presses  unsold  or  awaiting  ordsrs.J 
From  the  foregoing  statement  it  will  be  seen  that,  compared 
with  tliH  corresponding  week  of  last  season,  there  is  an  inereOM 
in  the  exports  this  week  of  Ifl.SlS  bales,  while  the  stocks  to-night 
are  33,196  bales  le4»  tlian  they  were  at  this  time  a  year  ago. 
The  feliowing  is  our  usual  table  showing  the  movement  of  cotton 
at  all  the  porta  from  Sept.  1  to  Dec  10,  the  latest  mill  dales: 


aaoBins         axroarao  •laoa  aapr.  1  to— 

Coaet- 

POBT8.        '"^  •■"  >•     u„„ 

IV».  1    1671.    j  Britain 

__       Other  1       .  , 

Fraocei,            Total. 

lOrel  n 

wl»c    I  Stock, 
Peru. 

^  4S«.07*|    39*,014|   117,047 
«4,3!«|    :S|,«1I|     8U.CM 

7S.vtl|  61. till  187.101 
9,98*     8,707      48.743 

60,815 
56,861 

il6,8M 
49,683 

"liiilsi   1  - 

967,983 

111.811,    4ii,70« 

t3,va    31,861 1  105.148 

61.519 

64,104 

Savaanib . 

aeon 

843,C»     69,908 

17,M)(  Ti,Sti,  131,880 

86.0ai 

81.813 

OaiieMoa*. 

11M04 

I76.II7I    si,«n 

l.lt<,    4,t'<8|     68.m 

103,541 

84,396 

Mew  York.. 

4a,on 

46,6671  lSi,066 

1,608|  3!,640|  16i,317 

.... 

li6,49a 

FlorUa 

g^on 

ijnil 

6,578 

.... 

n.  OaroIlD* 

«,u^ 

44,071       6,T« 

....>    1,075       7,833 

37,018 

:,486. 

Mocfolk*  .. 

919,000 

966,191     8S.TSI 

1.8171      ....      38.566 

181.561 

9»,60»- 

UtkeriMrf 

U,iMj     96,064j    a0,t&4 

....j    6,511     30,7<A 

17,000 

Tot  tail  rr. 

1.76«,««6; 1  609,611 

1**,»!)5  916,0771  897,4vK 

S91818 

668,996- 

Toklastrr. 



,, 

"■,)   (;.vi.80(v 

•UaderUt 
Petal  ite. 

1  head  of 

Included 

'.'                                                                                          :  e  iK-dU  or 
lu— ....  ,  ......t. .  ..      v._  .    .i.cluiled  Citir 

Tbeaa  mall  retuma  do  not  correspond  precisely  with  tlio  t.ital  of 
the  t«-legraphic  figures,  because  In  preparing  tUeiii  it  is  alway* 
aacaasary  to  laeorporata  every  correction  luade  at  tha  ports. 

The  market  for  cotton  on  the  spot  ruled  stronger  early  in  ths' 
week,  but  without  mucli  activity.  Un  Tuesday  tjuutatioiiH  wer» 
again  revised  for  the  low  grades  ;  strict  good  ordinary  and  poocar 


694 


THE   CHRONICLE. 


[December  18,  1875. 


grades  being  reduced  l-16c.,  wkile  low  middling  and  strict  good 
ordinary  of  the  stained  cottons,  were  put  down  -^c.  ;  and  on 
Wednesday  low  grades  were  neglected  and  weak,  but  the  better 
grades  were  in  demand  and  tinu.  VVhatever  strength  the  market 
displayed  at  any  time,  was  due  mainly  to  reduced  offerings  on 
the  part  of  holders,  and  some  improvement  in  Liverpool  advices, 
where  middling  uplands  were  advanced  on  Monday  to  7d.  Tlio 
market,  yesterday,  was  irregular  ;  the  demand  was  active 
for  speculation,  and  quotations  were  further  revised  ;  strict 
middling  ahd  grades  above  being  advanced  l-16c.,  while 
grades  below  were  unchanged.  Today,  the  market 
was  quiet  and  unchanged.  For  future  delivery,  the  market 
opened  the  week  with  an  improving  tendency.  The 
smaller  receipts  last  week,  as  compared  with  the  correspond- 
ing week  last  year,  and  the  very  small  receipts  on  Saturday, 
followed  by  the  reports  of  the  Southern  Cotton  Exchanges  on 
Monday,  which  were  regarded  as  much  less  favorable  than  the 
November  reports  from  the  same  bodies,  caused  a  pretty  general 
abandonment  on  the  street  of  long  crop  views,  and  some  reduc- 
tion in  the  more  conservative  figures,  which  imparted  a  consid- 
erable spirit  to  speculati<m,  especially  for  the  later  months  ; 
although  it  will  be  noted  that  the  advance  of  Saturday  was 
mostly  lost  on  Monday  under  receipts  at  the  ports,  which  aggre- 
gated 49,038  bales  ;  figures  which,  we  believe,  were  never  be- 
fore equalled.  Yesterday  the  Liverpool  report  was  a  little  dis- 
appointing, and  the  early  months  opened  weak,  but  there  was 
gome  recovery  towards  the  close.  To-day,  with  a  decline  in 
gold  and  continued  free  receipts  at  the  ports,  futures  were  1-33 
@3  32c.  lower,  the  greatest  depression  being  in  the  later  months, 
which  had  previously  shown  the  most  improvement.  After 
'Change  there  were  sales  at  13ic.  for  Jan.,  ISic  for  Feb.,  13}@ 
13  23-32c.  for  March,  and  14  11 -16c.  for  August,  showing  for  March 
a  decline  of  -Jc.  from  the  closing  price  of  yesterday. 

The  total  sales  for  forward  delivery  for  the  week  are  123,100 

bales,  including free  on  board.     For  immediate  delivery  the 

total  sales  foot  up  this  week  8,746  bales,  including  3,679  for  ex- 
port,  2,871  for  consumption,  2,190  for   speculation,  and in 

transit.  Of  the  above,  1,180  bales  were  to  arrive.  The  following 
are  the  closing  quotations  : 


New  Classification. 


Ordinary per  lb. 

Strict  Ordinary 

Good  Ordinary 

Strict  Good  Ordinary 

LowMlddllnE 

Strict  Low  Middling 

Middling 

Bood  Mlddline 

Strict  Good  Middling 

Middling  Fair 

Fair 


Uplands. 


11        « 

VH      » 

!2X      ® 

12H      ® 

12X      a 

an    « 

13  5-16®. ..  , 

13  ll-lti«... 

14  a 

iix    a 

13X    ® 


11  a 

iix  ® 

tiH  ® 

ux  a 

13  @ 

ISii  ® 

IS  7-16* 

'.3  13-160.... 

HX     a 

UH      ® 

I5H      ® 


New 
Orleans. 


a.. 
a. 


II 

UH 
12)* 
Vis 
13 1< 

13X 

13  lS-16®., 

W(  a., 
ux  a.. 
i»x     a.. 


u 
•".^ 

12V, 
UX 

isx 

13X 
SX 
I.-,  IS 
14M 
I4X 
15X 


(A... 
®... 
«... 


Good  Ordinary 

Strict  Good  Ordinary  . 


STAINED. 

,  11  7-16  I  Low  Middling.. 
,  «  8-16    Middling 


,  a  11-16 


Below  we  eive  the  sales  ot  spot  and  transit  cotton  and  price  of 
[Uplands  at  this  market  each  day  of  the  past  week  : 


New 
Clasatflcatlon. 


Con-  Spec-  Tran. 
Rxp't.  sump,  ala'n     sit.      Total. 


Batarday  

Monday 

Tuesday 

Wednesdaj . . 
mnrsday.... 
Friday 


Total., 


3,67» 


120 

180 

9^ 

551 

9.1 1 

6U 

1,113 

45) 

■dSi 

265 

1,'.68 

803 

31 

BUO 

i.aro 
«o 


2,196 


300 
965 
1,6  H) 
1.873 
l,7?i 
2,236 


8,746 


Ord'ry 


PKtUKa. 


Good  ,    LOW      Mid. 

Ord'ry.  Mldl'g.  dling 


11  1-16 

i;  1-16 

II 

11 

U 

11 


12  3-16 

12  3-16 

12J< 

12X 

12X 

12X 


12K 
I2X 
12K 
12  X 
12X 


13  5-16 
13  5-16 
13  5-16 
13  5-16 
13  5-lS 
13  5-16 


For  forward  delivery  the  sales  (including  free  on  board, 

have  reached  during  the  week  123,100  bales  (all  middling  or  on 
the  basis  of  middling),  and  the  following  is  a  statement  of  the 
Bales  and  prices 


For  DecemOer. 

bales.  ,  cts. 

100B.n....lS  3-3! 

101  B.n 13X 

1,1P0  8.n....l3  3-16 

800 13  3-16 

IOOb.  n....l3  7-3: 
2,900 13  7-32 

100 no  not..  i,Qi/ 

before  Sat.  ( ''^ 

2,400 13}>, 

2,30(1 13  »-S2 

100 13  5-16 

10,000  toui  Dec. 

For  January. 

1,000 13  0-32 

«,700.. 13  5-16 

8,t00 13  11-32 

8,700 18X 

600 13  13-32 

20,600  total  Jan. 


For  February, 
bales.  cts 

4,000  13K 

2,«00 IS  17-32 

6.600 13  9-16 

5.W0 IS  19-32 

2,100 13X 

21.200  total  Feb. 

For  Marcb. 

2,000 13!< 

400 13  11-16 

1,800 13  2:l-3-; 

3,^00 13V 

4,300 13  25^ 

4.300 13  13-16 

6,400 13  21-32 

8,300 ISX 

26,200  total  March. 

For  April. 

1,000 13  29-33 

2,i(0 13  15-18 


bales.  cts. 

4,;00 13  Sl-21 

7,000 H 

5,<00 14  1-32 

7,200 14  1-16 

1,200 14  3-32 

23,700  total  April. 

For  May. 

200 14X 

1,200.  14  5-82 

1,600 14  316 

1,000 14  7-32 

1.900 14« 

1,500 14  9-32 

300 14  5-16 

"tItOO  total  May. 

For  June. 

1,000 14  11-32 

100 US 

500 14  lS-32 

70O 14  J-16 


bales. 

600., 
100.. 


Ct9. 

.14  15  .S2 
14X 


3,000  total  June. 

KorJuIy. 

iiOO 14X 

600 14  7-16 

iOO 14  15-32 

20O 14X 

700 14  19-32 

600 14K 

SOO 14  21-32 

2,800  total  July. 

For  August. 

200 14  9-16 

230 14  li-16 

600 14  23-32 

900 14X 

1,900  total  Aug. 


The  following  exchanges  have  been  made  during  the  week : 

9.S2C.  pd.  to  exch.  500  Dec.  lor  Jan 
33-820   pd.  to  exoU.700  Jan.forAprU. 

The  following  will  show  spot  quotations  and  the  closing  prices 
bid  for  futures  at  the  several  dates  named : 


moSLIlIa  IIPL1.SDS— AXKBIOIH  OLASSiriOATIO!'. 


Frl. 

Qn  spot 13X 

December 13  d-18 

January 13  9-32 

February 13K    „ 

March 13  23-K 

AorU 13  l'>-18 

MJiy 14  5-32 

June 14  11-32 

July Uii 

August 14  9-16 

Bales  spot 1,921 

Bales  future...  11,400 

«al4 114)4 

ixcbUKi <.U>j 


Sat. 

Mou. 

Tnes. 

Wed. 

13  5-16 

13  5-16 

13  5-16 

13  5-16 

13  5-16 

13  3-16 

13« 

13  7-82 

ISH 

13  9-32 

IS  11-32 

:S  11-32 

13  19-32 

i?'l,--. 

13  9-16 

13  19-32 

13  2:-32 

13  25-32 

13  27-32 

It  1-16 

13  29-32 

11 

It  1-16 

14)4 

I'X 

14  7-3! 

14  i-ii 

14  !-16 

14  5-16 

11  13-32 

14  15-32 

14  t-ie 

14  7-.« 

14  U-32 

14  H 

14  11-16 

IIH 

14  19-3J 

U  11-16 

800 

965 

1.600 

1.S73 

27.800 

23,200 

16,700 

16,300 

114W 
(.K)i 

lltU 

114K 

IIW 

Thura. 
IS  5-16 
13  7-32 
13  11-32 
IS  9  16 

13  13-16 
11  1-16 

14  9-32 
14  15-32 
14X 

14  11-16 

1.772 

17,800 

U4X 

i.oi 


Frl. 

13  5-16 
IS  3-16 
13« 

IS  15-32 
13  2.H-3; 

13  15-16 

14  5-82 
14  U-32 
11  17-32 
14  21-32 
2.2S6 
18,300 
lUVi 
4.04 


Thb  Visible  Scpplt  of  Cotton,  as  made  up  by  cable  any 
telegraph,  is  as  follows.  The  continental  stocks  are  the  figures 
of  last  Saturday,  but  the  totals  for  Great  Britain  and  the  afloat 
for  the  Contiuent  are  this  week's  returns,  and  consequentld 
brought  down  to  Thurnday  evening;  hence,  to  maketlie  totals  the 
complete  figures  for  to  night  (Dfc.  17),  we  add  the  item  of  exports 
from  the  United  States,  including  in  it  the  exports  of  Friday  only: 

1875.  1874.  1878.  1372. 

Stock  at  Liverpool 4SS.OO0  131,000  456,000  386,000 

iitodc  at  London 53,500  118.000  184.250  222,000 

553,000 
S«7,000 
13,000 
38,000 
£8,000 
SO.OOO 
50,000 
11,000 
33,000 
53,000 


Total  Great  Britain  stock 835,500 

Stock  at  Havre 163,750 

Stock  at  Marseilles 3,250 

Stock  at  Barcelona 48,000 

Stock  at  Hamburn 14,500 

Stock  at  Bremen 29,750 

Stock  at  Ametcrdam 50,250 

Stock  at  Rotterdam lO.OCO 

Stock  at  Antwerp 5,500 

Stock  at  other  continental  port*. .  7,000 

8.31,000 


Total  continental  ports. 


049.000 

115,000 

9,000 

47,250 

13,500 

28.000 

76,600 

16,750 

4,500 

23,000 

333,500 
982.500 
143,000 
520,000 

77,000 
740,977 
145,178 

18,000 


649.250 
81,500 
9.730 
10.500 
14.500 
24,250 
79,730 
82,250 
13,000 
29,000 

290,500 
930.750 
148.000 

3so,ooa 

77,0»0 
627,357 
113,887 

11,000 


472,000 

1,030,000 

12.3.030 

351,000 

92.000 

494,113 

88,897 

10,000 


Total  European  stocks 866,500 

India  cotton  all nat  for  Europe 116,000 

American  cotton  afloat  for  Europe  638,000 

Egypt,  Brazil,  &c.,afloatforE'rope  81,000 

Stock  In  United  States  ports 708,074 

Stock  in  D.  S.  interior  ports 1 17,643 

United  States  exports  to-day 18,000 

ToUl  visible  supply..  ..bales.2,545,2n  2,610,918  2.294,504  2.187,010 
or  the  above,  the  totals  oC  American  and  other  descriptions  are  as  follows: 
American — 

Liverpool  stock 165,000  150,000 

ContiaenUl  stocks 126,000  108,000 

American  afloat  to  Europe 638,000  5.30,000 

Unted  States  stock 708.074  740,270 

United  States  interior  stocks 117,643  145,178 

United  SUtesezpoits  to-day 18.000  18,000 


77,000 
79,000 
330,000 
627,357 
118,397 
13,000 


46,000 
80,000 
351,000 
494,118 
86,897 
10,000 


Total  American bales. 1,772,717       1,691,418       1,294,754       1,068,010 

Eaet  Indian,  Bra»U,  <tc,~ 

Liverpool  stock 317,000  331,000  -379.000  390,000 

London  stock 53,500  113,000  184,250  822,000 

Continental  stocks 205,000  225,500  211,600  392,000 

India  afloat  for  Europe 116,000  148,000  !48,000  123,0o0 

Egypt,  Brazil,  &c.,  afloat 81,000  77,000  77,000  92,000 

Total  East  India,  &c 772,500  919.600  999.750       1,119.000 

Total  American 1,772,717        1,691,448       1,291,754       1,068,010 

Totalvisible  supply.. ..bales. 2,545,217       8,610,948       2,294,504       8,187,010 
Price  Middling  Uplands,  Liverp'U      7d.         'HWA^.         S><d.    10X®10«d. 

These  figures  indicate  a  deereaas  in  the  cotton  in  sight  to-night 
of  95,731  bales  as  compared  with  the  same  date  of  1874,  an 
increase  of  2.10,713  bales  as  compared  with  the  corresponding  date 
of  1873,  and  an  iiusrease  of  338,307  bales  as  compared  with  1878. 

At  the  Interior  Ports  the  movement — that  is  the  receipts 
and  shipments  for  the  week  and  stock  to-night,  and  for  the 
corresponding  week  of  1874 — is  set  out  in  detail  in  the  following 
statement;: 


Week  ending  Dec.  17,  I8J6. 


Receipts.  Shipments.  Stock. 


Au^sta,  Ga 

Columbus,  Ga 

Macon,  Ga 

Montgomery,  Ala  . . 

Selma.  AIh 

Memphis,  Tenn 

NashviUe,  Tenn.... 

Total,  old  ports 


Shrevcport,  La.. 
Vicksb'g,  Miss.. 
Columbus,  Miss. 

Eufaula.  Ala 

Atlanta,  Ga 

Charlotte,  N.  C. 
St.  Louis,  Mo..  . 
Cincinnati,  0 


Total,  new  ports 
Total,  all 


9,996 
2,6(14 
3.035 
3,193 
5. 3  47 
30,384 
3,439 


68,068 

4,706 
6,507 
1,.599 
2.329 
3,762 
5,355 
14  1.34 
6,258 


41,649 


99.707 


4.022 
3,467 
2,971 
3,560 
3,976 
23,713 
2,631 


44,338 

3,416 
5,740 
1,603 
2.291 
2,915 
248 
12.346 
7,2.30 


3^794 


80,132 


22,854 
8.663 
7,811 
9,197 
9,228 

56,641 
4,247 


117,643 

8,460 
2,494 
8,539 
8,667 
3,963 
2,566 
17,030 
7,169 

47.878 


165,521 


Week  ending   Dec.  18,  1874. 


Receipts.  Shipments.  Stock. 


10,739 
3,765 
3,325 
3,301 
4,036 

20,021 
3,364 


48,550 

4  504 
3  931 
1,53S 
l,fi56 
8,870 
1,156 
9.946 
6,377 


30,878 


78,828 


13,290 
1,623 
8,036 
5,606 
8,018 

14.121 
1,935 


38,529 

4  939 
2,776 
1,481 
1,615 
4,316 
1,517 
5,90n 
3,927 


26,471 


66,000 


20,881 
12,623 
13,434 
10.5;8 
10.610 
68,992 
14,176 


145,178 

8,427 
1,896 
1,488 
8,037 
8.993 
.  1,043 
29.050 
11,477 

69,840 

304  518 


The   above   totals   show   th.^t   the   old    interior    stocks    hav 
increased  during  the  week  13,720  bales,   and  are  to-night  27,535 
bales  less  than  at  the  same  period  last  year.     The  receipts  have 
been  9,.508  bales  more  than  the  same  week  last  year. 

BOUBAY  Shipments. — According  to  oar  cable  despatch  received 
lo-day,  there  have  been  4,000  bales  shipped  from  Bombay  to  Gtreat 
Britain  the  past  week,  and  7,00U  bales  to  the  Continent  ; 
while  the  receipts  at  Bombay  during  this  week  have  been 
7,000  bales.  The  movement  since  the  1st  of  January  is  as  follows 
These  are  the  figures  of  W.  Nicol  &  Co.,  of  Bombay,  and  are 
brought  down  to  Thursday,  Dec.  16  : 

^Shipments  this  week-,  .-Shipments  since  Jan.  1-,  , — Receipts.—, 

Great       Con-  Grttat       ton-  This          Since 

Britain,   tinent.   Total.  Britain,   tlnent.      Total,  week.       Jan.  I. 

1875 4,000        7,000      11,000  792,000    461,000   1.146,000  7,000     1.286,000 

1874 6,000        S,0fl0        9,000  8M,000    399,000  1,829,000  17,000     1,287,000 

1873 1,000        1,000        2,000  72.3,000    813,000      9:!6,000  18,000     1,016,000 

•From  the  foregoing  it  would  appear  that,  compared  with  last 
I  year,  there  is  an  increase  of .  2,000  bales  this  year  in  the  week's 


December  18,  1875.] 


THE  CHRONICLE 


595 


•hipmenta  from  Bombay  to  Europe,  and  tUat  the  toUl  movement 
■ioes  Jaonai?  1  shows  an  inerease  in  shipments  of  17,000  bale* 
eonpareil  with  the  oorraapoodiiif  period  of  1874. 

M  KATBKB  Rkpobts  bt  1  KUto RATH.— There  has  been  a  decided 
improTement  in  the  weather  the  paat  week.  Very  little  raia  haa 
fallen  aovwbere,  and  the  in -gathering  of  the  crop  has  proceeded 
more  satisfactorily.  Complaint,  however,  is  made  in  some 
qoarters  that  the  laborers  are  not  working  well,  the  rainy 
weather  during  late  weeks  having  enforced  idleBeas,  and  now,  as 
the  holidays  are  so  near,  they  appear  to  be  unwilling  to  go  to 
work  again,  notwithstanding  the  lain  haa  eeased. 

OaieMtMt,  7«M«.— We  have  had  raic  (a  shower)  on  one  day, 
bat  it  did  not  extend  inland,  being  confined  to  the  coast  ;  the 
rain&ll  was  fifty-one  hundredths  of  an  inch  ;  the  rest  of  the  week 
has  been  pleasant.  Planters  are  striving  to  finish  picking  against 
the  holidays.  Under  the  chaoga  in  the  labor  system  since  the 
WKt,  picking  never  continues  oeyond  the  holidays,  never  mind 
bow  mnch  may  be  left  in  the  fields.  The  thermometer  has 
aVRr«s«d  01.  the  highest  being  73  and  the  lowest  52. 

Indianola,  Texas.— li  has  been  warm  and  dry  all  the  week,  and 

picking  has  made  excellent  progress  and  is  now  Nearly  finished. 

The  thermometer  has  averaged  03,  the  highest  being  70  and  the 

lowest  48. 

Ontieimm,  Tkau.— There  has  been  no  rain,  and  tba  weather  has 

and  favorable.     Roads  are  improving,  and  picking   is 

J  completioo.     The  thermometer  has  averaged  34i,  the 

;  balag  73  and  the  lowest  38. 

u,  Tmo*. — We  have  had  no  rain  this  week.  Ice  formed 
tm  two  nights  and  picking  contlnoes  saiisfactorlly,  but  will  soon 
bo  teidMn.  The  crop  has  turned  oat  about  as  much  ai>  could  be 
bandlsd.  The  thermometer  has  averaged  53,  the  highest  being 
73  and  the  lowest  23. 

jr«w  OrUmu,  .£«in«mim.— We  have  had  no  imin  the  past  week. 
Tb«  tbvnDomoior  has  areraced  54. 

Mnaspsf*.  XoMMona.— Tba  weather  hasbe«n  fine  all  the  week. 
There  has  been  no  rainfall  and  the  thermometer  has  been  as 
follows:  highest  68,  lowest  33  and  average  53. 

fUUbwrf,  Mimmippi.—'So  ram  here  this  w«ek.  The  ther- 
liMimmnr  bas  avenged  53,  the  highest  being  58  and  the  lowest  30. 
MmtAv*.  JftMMn'pps.— The  weather  has  beon  cold  and  dry  all 
tb*  wask,  and  we  have  had  tbr««  killing  frosts.  The  tbennometer 
bas  averaged  64,  the  highest  being  87  and  tbs  lowaat  40. 
»  LiUU  Reek,  Arkaniu.—Vha  past  week  baa  been  dry  and  clear, 
and  moch  effort  Is  being  mad*  to  gather  the  stapis;  but  the  pre- 
vioas  three  weeks'  rest  owing  U>  l«d  weather,  and  the  nearness 
of  the  holidays,  very  mneb  Minoralixe  laborers,  and  it  is  dilficalt 
to  g««  thorn  to  apply  Ihsmiiilnia  now,  and  much  eotton  is  b*-ing 
damaged  and  wasted  In  oonasq— es.  TbotbatBMimeiorhas  aver- 
agaddoring  tbo  week  40,  tbo trxtrsmo  range  bolng  81  and  61. 

WatMtiUt,  TVsMssM.— We  have  had  no  rain  hers  tbo  past  week. 
Tbo  tbermomeler  hss  aversgvd  43,  the  estreme*  being  94  and  30 
MtmpkU.  Ttnnttmt.—So  rain  haa  fallan  bars  this  week.     The 
tbennooieter  bsa  averaged  40,  tbo  axtrsmes  being  S8  and  38. 

MMU,  jUiilWinni — There  was  light  rain  on  one  dav  here  the 
Mat  wsafc,  tbo  rainfall  wachlng  thirty. four  hundre<ltbii  of  an 
Incb.  The  mt  of  the  weak  was  clear  and  cold,  the  thermometer 
avrragiag  ol,  and  ranging  from  36  to  M. 

Montgvmny,  ./KaAoiM.— The  weather  this  week  has  been  cold 
sod  dry,  uo  rain  havknir  fallen.  Average  tbemiooMtar,  49 ; 
higbsst,  63.  and  lowest,  30. 

L — It  bas  been  cold  and  dry  all   the    week,  the 


tbaraMOMior  aToraglng  4S. 
JtaNi**,  JbfMa.— Wo  have  had  rain  on  one  day,  the  rainfall 

inch.     The  thermometer 

We 

About  ninety  per  cent,  of 


nadtlng  eighty  live  hundredtlis  of  an 

baa  aTaiagad  {HI,  the  hifhsat  being  64  and  the  lo  srest  42. 

had  a  killing  frost  on   Tueeday   last, 

the  crop  has  now  been  marketed. 

JfassM,  Ossryia. — There  was  one  rainy  day  here  the  past  week. 
TbetharflMOMtor  areraMd  44.  the  extreme*  being  27  and  *M. 

Alttnim,  Oswryte.— Tbo  weather  hero  bas  boon  cold  and  dry  all 
the  week.  The  Ibormometer  has  averaged  43,  the  highest  being 
34  and  the  lowest  M. 

CthtuUmB,  04orgvt. — There  baa  been  no  niin  here  this  week. 
Average  tbennometer  for  tbs  seven  day*  48,  highest  Bl  and  low- 

Oatmmnak.  Osoryis,— There  wss  a  light  rain  here  on  Thursday, 
tha  sIllsoBlli  lost.,  bat  not  enoogh  for  maasaremMit.  The  rest 
aflfca  wsak  was  pleasant  bat  oold.  Avvraga  themiometer  SO, 
bightit  07  and  lowest  84. 

Auguttm,  Otargia. — It  was  nhowery  two  days  the  early  part  of 
tbo  past  week,  bat  the  latter  part  ha*  Imwo  clear  and  pleasant. 
Avara<e  thermometer,  43  ;  hiKhnst,  'M,  and  lowest,  28.  Baiufall 
fur  the  week,  thirty  hundredtlia  of  an  inch.     Plantera  are  send- 


Ingtbair  cotton  to  marks*  ttmij^ 


s.  <8»nM  (MnMn:  There  was  rain  on  one  day  tbia 
wadt,  th*  rainfall  rsatbing  farty-seven  hundredths  of  an  inch. 
We  also  bad  killing  frosts  on  foar  nights.  Avsrage  thermometsr, 
40,  highest  02,  and  lowest  80. 

The  following  statement  ws  have  also  received  by  telegraph 
sbowiag  tUe  height  ol  the  rivers  at  the  points  named  at  3  o'clock 
Itoc  IC  W*  give  last  year's  figures  (Dec  18,  1874}  for  com- 
parlsoa. 

^Dec  It.  T»-, 

r«st  iBdL 

5«wOrt«sss.. Below  mt  BBIM  MSHl 10  II 

'    spaia Above  lQW-«a«w  asfh It  • 

kvWs..... Above >oW'4ra*>rasrk U  II 

.Abort  low-wsisr  BSlk I  • 

.  Above  low-«si«r  aaffe U  1 

New  Orleans  reported  below  high-water  mark  of  1871  until 
Bopt.  0,  1874,  when  the  sera  of  gau^e  was  changed  to  high-watsr 
mark  of  April  15  and  16.  1874,  which  It  0  lOths  of  a  foot  abort 
1971,  or  10  Istt  tboTt  low-waur  mark  at  tbat  point. 


^IHc.  18. 74.-. 

Feet.  Inch. 

14  0 

S  0 

>  11 

t  t 

t  4 


A(iRiccLTCBAL  BtrRE.\c'8  CROP  REPORT. — We  last  week  pub- 
lished a  telegram  from  Washington  with  reirard  to  the  November 
crop  report  of  the  Agricultural  Bureau.  Our  belief  was  that  the 
telegram  was  intended  as  a  correction  of  the  report.  It  appears 
from  the  following  communication  from  Mr.  Dodge  that  we  were 
in  error  in  that  particular : 

Department  of  Aoricultttrb, 

Wasdinqton,  Dec.  13, 1875. 
Editort  Financial  ChronicU: 

Please  say  to  your  readers,  as  an  act  of  fair  dealing,  that  the 
telegraphic  extract  from  the  last  monthly,  assumed  by  you  to  be 
"  an  explanation  of  the  November  report,"  is  a  part  of  the  Notem- 
her  report  itself,  from  which  tlie  original  abstract  was  telegraphed 
to  New_York  ;  and  that,  after  a  delay  in  the  Congressional  print- 
ing office,  in  consequence  of  the  press  of  report-printiu|!r  prior  to 
the  meeting  oi  Congress,  a  further  extract  from  the  tame  report 
was  telegraphed  without  my  procnrance  or  knowledge. 

The  manuscript  was  sent  to  the  pr.ntint;  office  about  the  usual 
date,  though  dated  December  1,  the  expected  time  of  issue,  and  the 
title  is  made  to  cover  December,  as  usual,  because  the  December 
returns  ol  prieei  mast  necessarily  be  combined  with  those  of  Jann* 
ary. 

Allow  them  to  understand,  further,  that  the  State  percentages 
oi  the  crop  in  comparison  with  last  year  represent  p'ecisely  the 
TiewB  of  our  correspondents  in  November  and  that  the  extract 
quoted  in  your  last  gives  in  part  my  own  interpretation  of  those 
very  figures,  taken  in  connection  with  the  previous  reports  of  the 
tame  correepondentii.  They  could  not  fail  so  to  understand  it  if 
presented  entire.  You  cannot  desire  to  convey  the  impression  of 
a  Slate  of  facts  that  does  not  exist,  or  to  garble  the  text  ol  the  re- 
port to  produce  prejudice  and  misunderstanding.  Tuat  is  an  old 
trick  of  the  cotton  gamblers,  but  a  diguiSed  newspaper  will 
scarcely  stoop  to  it;  youra,  therefore,  would  not  be  guilty  of  it. 

I  shoull  not  write  a  word  on  personal  account,  but  it  is  import- 
ant to  the  Interests  of  truth  and  of  the  highly  respectable  com- 
mercial and  manufacturing  classes  dealing  in  cotton,  in  this  coun- 
try and  in  Europe,  that  the  cotton  reports  of  the  Department  of 
Agriculture  should  be  allowed  to  stand  as  they  are  made,  without 
mlsconstiuetion  or  misrepresentation.  J.  R.  D. 

As  we  anderaiand  the  foregoing,  the  telegram  we  published 
last  week  (page  573)  and  the  percentages  we  gave  November  20 
/paga  493)  are  parts  of  the  same  report  andjwritten  at  the  same 
time,  the  percentages  representing  the  views  of  the  correspondents 
of  ths  Agricnltural  Bureau,  and  the  telegram  of  last  week  being 
Mr.  Dodge's  own  Interpretation  of  those  percentages  taken  in  con- 
nection with  the  previunt  reports. 

Cotton  Eichaxob  Crop  Reports  vor   Dbosmbbr  1. — Ws 

fnblished  last  week,  in  our  Weather  Report,  two  of  the  Cotton 
ixchasge  Beports  for  December;  but  as  a  desire  has  been  ex. 
nrsssed  to  have  them  all  together,  we  give  the  report  of  each 
Etcbanga  below  : 

GalTMtAM  Department 

eSiTsts  lb*  AW*  tT  Imar.  sad  was  prstared  >nd  l»oed  tu  flis  Oslveilan  Cotton 
Jbehaac*.  Ihroaib  their  OsaarittM  oo  Inforntalioa  sad  StatUtlca.  comuoicd 
«f  J.  8.  OrlBOsn,  Chalrmaa,  Tboo.  O.  Vugel,  0.  \V.  Embnj ,  U.  Ualjor,  II.  I. 
Aodsrson.  * 

Tazna. — These  snswers  are  condensed  from  48  replies  received 
from  87  eoantles,  and  are  based  upon  mall  accounts  ending  the 
Itt  December. 

Tbs  chanetor  of  the  weather  li  eenrnlly  reported  as  fsvorabls,  mors  so 
tbaa  at  tb*  laaM  pertod  ;aK  year.  8lsteen/:orra-poDdenti  report  75  per  cool 
o(  the  crup  plcsed,  IS  report  W)  per  cent,  knd  It  report  nesrljr  nil  gathered. 
BOSM  report  that  plcklsc  will  be  InUhed  by  Mh  tu  lOih  ot  Drfcinhtr.  while 
ethers rsport  a* lata M  lit  Jaanirr.  ItTt;  i<ni  ihey  milnljr  >how  that  picking 
will  ba  tntohod,  oa  as  avatac*.  about  l&th  Dvceaher.  Some  corre»pandeDta 
r>port  10  to  It  tsr  east  lacrsMed  yield,  other>  6d  to  IM>  p^r  ceai  Incrnase,  and 
os«  *>  high  as  ttt  percent  tocrease :  7  rrp<ir t  Mioa  |  laid  a*  laat  year  and  S  report 
10  to  IS  par  CKDi  decraaaa.  Ii  la  Impracticable  to  report  an  averge  for  the 
Slat*  from  Iba  replica  recslvad.  aa  Itiej  art  cblcfljr  frura  the  Kinthvrn  half  of 
tb*  Slats.  Bat  law  ot  Iba  larcw  coantiea  of  the  upper  b«  f  of  the  8uts  have 
raportad.  Wa  bav*  raeelvad  bat  few  nplis*  from  the  chief  coitun  section*  of 
tb*  State  Ooapsrioc  tbc  nplla*  received  for  the  pmaaul  monih  with  tho*e 
racalviid  fma  •****  eosalia*  last  month,  we  lacl  warranted  In  autlng  that  w* 
•*e  DO  rasaon  to  ehaasa  Ih*  esUaula  of  avarage  Ineraaae  for  the  state  a*  eon- 
Mriacd  In  oar  laat  report. 

New  Orleans  Department 

cover*  that  part  of  the  Stat*  af  Jtl—iuimH  not  apuon  toned  to  the  Hemphii 
aad  Mobil*  C}ttoa  Xzchaoga*:  th*  entire  StaU  of  l^uuiana  and  the  StaU 
aooth  ot  th*  Arkaaaa*  Rlrer.  The  report  ia  prepared  aod 
«  New  Orleaoa  Cotton  Kxchanjie.  tbroaeh  Ihalr  Committee  on 
and  Slallatlc*.  eompoaed  of  Harrix'n  watis.  Chairman.  J.  V. 
WUllam  A.  Owjra,  B.  C.  Cammack,  Edward  Morpby,  and  W.  0. 
Jr. 

Ii—llrt— I  89  rcpllas  from  twenty-five  parishet- 
Tb«  weather  daring  NoTcmber  mach  lea*  favorable  than  last  year  ;  abon  t 
tt  out  eaoU  of  the  crop  bad  been  gathsisd,  and  the  nmalDdttr.  with  fair 
waslbar,  weold  be  gaihared  by  January  1.  The  laereaao  In  the  yield  to  Dec. 
I  ws*  aboott  par  cent.:  owlntr  to  ihe  eitremely  anfavorabla  aeaaon  tor  saving 
the  crop,  tha  quality  of  the  crop  will  be  much  lower  than  uaoal. 

MiMliaippir-e4  replias  rsosived  from  thU  State,  the  average 
date  being  the  1st  Instant. 

The  w«ath*r,  aa  compared  with  last  year,  I*  nnlrcraally  itateil  at  Icia  favor- 
able too  mnch  rain  preventing  picklug:  U  per  cant,  ot  the  crop  I*  already 
nthared,  aLd  it  la  •atimated  that  all  wuT  be  picked  by  tha  flrat  week  in  Jana- 
ary-  the  yield,  aa  compared  with  laat  year,  will  iucresae  from  U  to  18  par 
cast  '  great  compl'tnta  are  made  of  the  rain  watbingoutopen  boll*,  audmnch 
Isjnry  i*  tald  to  bav*  bean  dona  to  th*  quality  of  cotton  theraby. 

Arkansas.— We  have  received  80  answers  from  tw  enty-three 

eoontiet. 

Nlo*  report  mar*  favorable  weather,  9  about  ths  same,  and  H  loia  tavor- 
abla,  owing  to  heavy  raioa,  deady  and  cnid  weather.  The  pioportion  of  tba 
crop  pick**  sveisg**  76  par  cent. :  average  date  at  which  picking  will  be  eom- 
Plai^  Jaaoary  t.  Th*  arerags  increase  in  yield  ia  estimated  at  to  par  cast. 
Lsbsr  Is  raportad  la  naay  place*  defldent;  (om*  hand*  bav*  aban 
■  (£g|{  erspti   Cotton  that  will  b«  saved  afl«r  th*  date  of  th***  r*pg 


596 


fHE  CHRONTCLR 


[December  13,  1875. 


will  g«DerfllIy  be  of  low  gr«dee,  trashy  and  duaty,  owing  to  rains  beating 
coltau  on  the  ground. 

Mobile  Department 

covers  the  Stale  0/  Alabama  as  far  north  ns  thu  summit  of  the  Sand 
Mountains,  and  Ihf  fdHow'mg  coiirUifi  In  irusU^ppi ;  Wayne,  Clarke,  Jasper, 
Landerdale,  Kcwton,  Kemper,  Nestiolso,  Noxubee,  Winston,  Lowndes, 
(ikttblba,  Colfax,  Monroe.  Ch'casaw,  Itawamba,  Lee.  Pontotoc,  Prentiss, 
Alcora  and  Tishamingo.  The  report  Is  |>re[>ared  and  Issued  by  the  Mobile 
Cotton  Exchauge,  tliroti»h  t'leir  Coramiltec  on  Information  and  Statis- 
tics, composed  of  T.  K.  Irwin,  cliairmsn,  J.  I".  BiUups,  (1.  G.  DufTee,  Geo.  F. 
Watson  and  Julius  B'uttner. 

Alabama. — 71  letter.t  from  37  counties. 

In  eleven  counties  the  weather  since  November  1  has  been  as  favorable  as 
last  year  ;  26  less  favorable  on  account  ot  rain.  Picking  generally  completed 
on  toe  uplands,  and  about  ninety  per  cent,  in  prairie  and  bottom  land  conn- 
ties.  All  will  be  harvested  by  C  irletmas.  Sixteen  counties,  chiefly  of  praii-ie 
and  bottom  lands,  estimate  the  yield  about  i'2  per  cent,  greater  than  last  year ; 
9  (fair  average  lauds),  about  ihe  same  ;  1'^  upland  coniitk'S,  18  per  cent,  less, 

Mississippi. — 41  letters  from  17  counties. 

All  report  weather  less  f.ivor.ible  than  last  year;  excessive  rains.    Three 

■counties  report  the  crop  two-thirds  picked  ;  13  report  three-fourths  picked  ; 

•ne,  four-ifths  have  been  pickoj.     All  is  expected  to  be  gathered  by  January 

31.    Fifteen  counties  report  yield  13X  P -r  cent,  over  last  year,  i  (Neshoia  and 

Wloaton)  10  per  cent,  decrease. 

Memphis  Department 

•eovers  the  Male  of  Tennessee,  west  of  the  Tennessee  River,  and  the /o^ 
lowing  counties  In  Mississippi:  Coahoma,  Pjnola.  Lafayette,  Marshall, 
De  Soto,  Tunica,  Benton  and  Tippah,  and  the  State  0/  Arkansas  north  of  Ihe 
Arkansas  River.  The  report  is  prepired  and  issued  by  tlie  Memphis  Cotton 
Exchange  through  their  Committee  on  Information  and  Statistics,  composed 
of  S.  M.  Gates,  Chairman,  W  A.  O  lodwin,  C.  T.  Curtis,  J.  R.  Goodwyn,  T. 
:S.  Ely,  Geo.  Winchester,  and  Henderson  Owen. 

Tennessee. — 23  answers  received. 

One  reports  weather  more  favorable  than  In  November,  1871,  1  that  it  has 
^eeo  about  1.""'e  same  and  23  very  unfavorable  witli  damaging,  continuous  raina, 
and  7  heavy  winds.  Our  corresprjndents  report  70  per  cent  of  the  crop  picked. 
Picking  season  will  end  on  an  average  about  ,Tan.  7.  The  total  production 
shows  an  increase  over  last  year  of  6  !i  per  cent.  West  Tennessee  reports  very 
great  loss  from  early  frost,  wet  weather  prevented  frosted  cotton  from  opening, 
and  caused  it  mostly  to  rot  on  the  stalk  ;  very  great  damage  has  resulted  from 
rains  and  wind  ;  serious  doubts  expressed  as  to  saving  any  material  part  of 
outstanding  crop  owing  to  continued  rains. 

Mississippi. — 31  responses  have  been  received. 

One  reports  weather  more  favorable ;  3  that  it  is  about  same ;  27  very  unfavor- 
able with  dnmuging  rains,  and  9  heavy  winds.  IK)  per  cent  of  the  crop  gathered 
and  picking  wjIT  be  tluished  on  an  average,  Jan.  24.  The  yield  is  25  per  cent 
greater  than  last  year.  Very  great  loss  reported  by  ncatiug  rains  and  winds, 
mach  anxiety  expressed  In  regard  to  saving  balance  of  crop  owing  to  contin- 
ned  rains  and  discouragement  of  laborers  by  low  prices,  with  general  indiffer- 
ence and  demoralization  of  laborer.-*. 

Arkansas.— 38  responsep. 

About  7  per  cent  of  the  crop  picked.  8  report  very  favorable  weather;  6  more 
tavocable  than  last  year,  18  very  unfavorable,  less  favorable  than  last  year, 
attended  with  destructive  rains,  5  heavy  winds,  2  heavy  hail  storms.  65  per 
cent  of  crop  gathered.  3  report  picking  will  close  in  December,  13  in  J;inuary, 
12  in  February ;  average  date  Jan.  21.  The  yield  is  40  per  cent  greater  than 
last  year.  Great  damage  by  rains,  wind  and  hail,  still  further  serious  loss 
apprehended  from  same  cause;  considerable  complaint  is  reported  of  dis- 
couragement of  labor^rs  by  low  prices,  and  great  indifference  on  part  of  many 
who  have  consumed  their  share  of  the  cr«p  and  now  idling. 

Alabama. — 10  renponses. 

One  reports  more  favorable  weather  Ihan  last  year,  9  very  unf.avorable, 
damaging  rains  and  winds ;  not  so  favorable  as  1874  ;  72  per  cent,  of  crop 

fathered,  will  finish  December  25th.  with  favorable  weather.  Yield  estimatea 
l)tf  per  cent,  less  than  187'!.  Damage  by  frost  very  great,  in  some  instances 
destroying  half  the  crop.  Great  d.amage  has  also  resulted  from  continued 
rains  and  wind ;  time  for  close  of  picking  and  yield  depends  on  early  good 
weather.    Forty  per  cent,  of  crop  had  been  sent  forward  up  to  December  1 . 

Nashville  Departmeut 

covers  Middle  Tennessee  east  of  the  Tennessee  Kiver,  and  the  following 
Counties  of  Alabama: — Lauderdale,  Franklin,  Colbert,  Lawrence,  Morgan, 
Limestone,  Madison,  Marshall,  Jackson,  DeKalb  and  Cherokee.  The  report  is 
prepared  and  issued  by  the  Nashville  Cotton  Exchange,  through  their  Commit- 
tee on  Statistics  and  Information,  composed  of  James  B.  Craighead,  H.  H. 
McAlister  and  Edgar  O.  Parsons. 

Tennessee. — 33  replies. 

Six  correspondents  report  the  weather  more  favorable  than  last  year,  five 
the  same,  and  eleven  less  favorable.  Eight  report  three-fourths  of  crop 
gathered,  fifteen  .report  seven-eights  gatliered  ;  the  whole  will  be  picked 
within  the  next  ten  days.  Nine  report  that  the  yield  will  be  from  10  to  25  per 
cent,  less  than  last  year,  five  make  it  3)  per  cent,  less,  and  six  make  it  50  per 
cent.  less. 

Alabama.— 34  replies. 

Three  correspondents  report  the  weather  same  as  last  year,  and  21  report  it 
less  favorable  on  account  of  the  rains.  Three  report  two-thirds  picked,  18 
report  three-fourths,  and  four  report  all  gathered.  All  will  be  picked  by  the 
15th  or  20th  December.  The  average  of  all  replies  makes  the  yield  in  North 
.Alabama  this  year 33  per  cent,  less  thsn  last  year. 

Sarannah  Department. 

This  report  covers  iVori/ieyvi,  Middle,  anfl  SoitUiwestern  Georgia  (bein^  all  of 
'Georgia,  except  the  23  counties  in  c  laige  of  the  Augusta  Cotton  Exchange) 
and  the  entire  SMe  of  Florida.  The  report  is  prepared  and  Issued  by  the 
Savannah  Cotton  Exchange,  through  their  Committee  on  Information  and  Sta- 
"tistics,  composed  of  .J.  H.  .Tohnston,  chairman,  T.  H.Austin,  E.  I.  Moses, 
iR.  W.  Simpson,  A.  Moffat. 

Georg'ia. — Condensed  from  71  replies  from  47  counties. 

20  reply  that  the  weather  since  November  1st  has  been  more  favorable  than 
last  year;  23  reply  that  it  has  been  less  favttrable;  and  23  that  it  has  been 
-about  the  same.  The  spring  was  cold  and  late.  A  severe  drought  affected 
the  plant  in  July,  and  the  weather  for  two  weeks  past  has  .been  the  very  op- 
posite of  what  was  necessary  to  develop  the  late  crop.  The  crop  has  been 
iPretty  well  gathered  in.  Picking  will  close  about  the  Ifith  of  December,  but 
an  some  sections— where  there  is  a  lop  crop— it  will  be  prolonged  beyond  that 
time.  The  prospect  has  not  changed  since  last  repru-t.  The  decrease  from 
last  year  will  be  about  10  per  cant.  The  bottom  and  middle  crop  was  poor, 
and  the  expectations  from  Ihe  top  crop  have  not  been  realized.  The  weather 
the  past  two  weeks  has  been  cloudy,  rainy  and  stormy.  In  Middle  and  South- 
west Georgia,  on  the  bottom  and  strong"  clay  lands,  the  plant  has  a  consider- 
able amount  of  green  bolls  upon  it,  are  large,  and  seem  to  be  matured,  but  do 
not  open,  and  appear  to  be  rotting.  A  fro't  is  needed,  and  then  warm,  clear 
weather  after  it,  to  open  the  bolls.  It  is  still  an  open  question  whether  much 
will  be  gained  by  thi  s  second  growth  induced  by  the  August  rains. 

Florida. — Condensed  from  30  replies  from  IB  counties. 

Thirteen  state  that  tlie  weather  since  November  1  has  been  more  favorable 
than  last  year,  10  state  that  it  has  been  less  favorable,  and  7  that  it  has  been 
about  the  tame  as  last  year.  Picking  will  be  finished  about  the  middle  of 
December.  Until  it  is  decided  what  the  top  crop  will  do  it  is  difficult  to  esti- 
mate the  yield ;  it  will  probably  fall  below  last  year  about  7  per  cent.  The 
unseasonable  weather  for  Ibe  past  three  weeks  has  delayed  the  maturing  of 
the  green  bolls  of  the  top  crop.    Many  experienced  farmers  give  it  as  their 


opinion  that  but  little  will  be  realized  from  this  late  crop.  Complaint  is  quite 
general  that  there  Is  less  lint  this  year,  as  compard  with  last  year,  to  a  given 
quantity  or  seed  cotton.  '      •  e, 

Angusta  Department 

covers  the  counties  of  Georgia  not  included  In  the  Savannah  Report. 
and  Is  issued  by  the  Augusta  Cotton  Exchange,  through  their  Committee 
on  Information  and  Statistics,  composed  of  L.  L.  Zulavsky,  Chairman,  J.  3. 
Pearce,  F.  W.  Reid,  R.  W.  Heard,  L.  C.  Nowell,  A.  M.  Benson,  Wm.  M^Read. 

Georgia. — 54  replies,  from  36  counties . 

Weather  not  quite  as  favorabi*  as  last  yeir;  more  frequent  rains  last  half  of 
the  month.  About  99  per  cent  at  the  crop  picked;  all  should  be  gathered  by 
December  15,  If  attended  to.  Two  conniiee  only  report  a  small  Increase  over 
last  year ;  3  same  as  last  year ;  balance  ID  to  15  par  cent  decrease.  Average  18 
to  20  per  cent  less  than  last  year.  The  quantity  of  seed  cotton  picked  has  in 
many  localities  exceeded  the  expectations  of  a  month  ago.  but  the  yield  of  lint 
or  marketable  cotton  has  not  lucre  ised.  It  is  almost  universally  st.ited  that 
it  baa  taken  about  25  per  cent  m.ue  of  seed  cotton  to  mike  a  pound  of  lint  than 
last  year.    The  proportion  of  low  grades  and  ttalned  cotton  is  uunsnally  largo 

Charleston  Department 

covers  the  Stat^.  of  South    Carolina,  and    is   prepared   and    Issued   by  tli 
Charleston  Cotton  Exchange,  through  their  Committee  on  Information  and 
Statistics,  composed  of  .las.  8.  Murdock,  Chairman,  Wm.  J.  McCormack,   L 
J.  Walker,  J.  M.  Thompson,  W.  K.  Steedmau. 

Sonth  Carolina.— Condensed  from  63  replies  received  from  38 
counties  ;  average  date,  Oct.  1. 

The  weather  durlni'  November  has  been  about  as  favorable  as  last  year  as  to 
getting  the  crop,  the  last  ten  days,  however,  been  generally  cloudy  with  some 
r-.ln.  Thirty-one  correspondents  report  the  picking  as  finished  in  their  sec- 
tion, the  remainder  say  ihat  from  J^  to  Ji  is  now  gathered,  and  the  picking 
will  be  finished  by  the  15th  to  20th  tnst.  The  yield  is  25  per  cent  less  than  last 
year.  Sixteen  reports  fr.im  13  counties  state  that  the  yield  of  lint  from  seed 
cotton  la  from  10  to  20  per  cent  less  thaa  nsual. 

Norfolk  Department. 

Virginia  and  North  Carolina.— 4.j  replies  from  35  counties 
of  Virginia  and  North  Carolina  report  the  weather  less  favorable, 
except  in  a  tew  localities.  Four  fiftlis  has  been  picked  ;  picking 
will  be  finished  December  30t.h  to  33th  ;  yield  at  least  10  to  15 
per  cent  less.  There  is  complaint  of  the  bolls  rottinsf,  owing  to 
excessive  rains  and  early  frost.  The  proportion  of  lint  ifi  iiuicli 
less  than  last  year. 

Conclusion. 

We  have  attempted  to  make  up  an  aggregate  crop  statement 
from  the  foregoing,  but  find  it  impossible  to  do  so  satisfactorily. 
The  actual  percentage  of  increase  or  decrease  in  the  yield  is,  in 
many  cases,  given  in  such  a  way  that  it  would  be  quite  uu.safe  to 
draw  any  exact  conclusion  for  the  State.  Louisiana,  for  instance, 
is  put  down  at  8  per  cent,  increase  to  December  Ist,  and  some 
otlier  departisents  are  even  le«<s  definite.  Still,  it  may  be  stated 
in  round  numbers,  we  think,  that  these  reports  indicate  a  crop  of 
about  four  million  bales.  It  isja little  surprising  that.ia  almost  all 
cases,  except  for  tlie  State  of  Mississippi,  the  responsaa  are  raucli 
less  numerous  than  last  month. 

Liverpool,  Dec.  17.-4:30  P.  M.— By  Cable  from  Livkb- 
POOL. — The  market  opened  steady  and  closed  quiet  and  steady- 
to-day.  Sales  of  the  day  were  13.000  bales,  of  which  3.0GO 
bales  were  for  export  and  speculation.  Of  to-day's  sales  5,000 
bales  were  American.  The  weekly  movement  is  given  as 
tollows : 

Nov.  26.  Dec.  3.        Dec.  10.        Dec.  17. 

Sales  of  the  week bales.    58,000  7U.O0O  7n,(HX)  82,009' 

Forwarded 7,000  11.000  14,000  11,000 

of  which  exporters  took 6.000  (l,0on  9,000  9,0(H) 

of  which  speculators  took 4,000  4,000  5,000  T.OBB' 

Total  atock 6.3.3,000  500.000  484,000  4»J.00» 

of  which  American .  175,000  1«5,000  182,000  liiS.OO*" 

ToUl  import  of  the  week 49.000  4«,000  110,000  8i,000 

of  which  American 34,000  27.000  41,000  511,000 

Actualexport 7,000  10,000  O.OCO  7,000 

Amouutafloat 326,000  393,000  400.000  426,000 

of  which  American 216,000  239.000  SiW.OOO  327.000 

The  following  tabla  will  show  the  daily  closing  prices  of  cotton  for  the  week 
Spot.  Satur.  Mon.         Tues.       Wednes.       Thiits.  Prl. 

Mid.upi'ds.  .@6 15-16    ..@7       ..m       ..m        ■■%!       .m 

do   Orl'ns.  ..©T   3-1(1      ..©IX       ■■@^H       ..®1)i         .MT^       ..©71^ 
Futures. 
SATUitDAT.— Dec.  delivery  from  Sav.  or  Chas..  Low  Mid.  dause,  6Jid. 
April- Vlay  delivery  from  Sav.  orCuas.,  Low  .Mid.  clause,  6  15-16d. 
Nov.-Dec.  shipment  from  Sav.  or  thas..  Low  Mid.  clause,  by  sail,  if 

required,  OJid. 
Dec.-Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,   if 

required.  6Jid. 
Jan. -Feb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,   If 

required,  6  15-16d. 
Monday. — Dec.-Jan.  sViipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail, 

if  required,  6  I5-16d. 
March-April  delivery  from  Sav.  or  Ciias.  Low  Mid  clause,  6  15-16d. 
April-May  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  7d. 
November  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by   sail, -if 

required,  6  IfJ-lOd. 
Dec.-Jan.  shipment   from  New  Orleans,  Low  Mid.  clause,  by   sail,   ii 

required,  7  l-16d. 
March-.\pril  shipment  from  New  Orleans.  Low  Mid.  clause,  by  sail,  if 

required,  7Xd. 
TuESDAT. — Jan. -Feb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail, 

if  required,  6^d. 
Nov.  .Dec.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required,  C^d. 
Jan.-Peb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,   if 

required,  6  1.5-16d. 
Feb. -March  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6^id. 
March- April  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause.  6  15-16d. 
Wbdmbsdat. — Dec. -Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  claute,  by 

sail,  if  required.  6  15-16d. 
March-April  delivery  from  Sav.  or  Chas..  Low  Mid.  clause,  6  lS-16d. 
Jan. -Feb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if 

required,  6  15-16d. 
March-  »pr:l  delivery  from  Sav.  or  Chas,  Low  Mid.  clause.  6  15-16d. 
Thobsdat.— Dec.-Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by 

sail,  if  required,  6  15-16d. 
Jan.-Feb.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  if  " 

required,  6  I5-16d. 
Dec.-Jan.  sbipmeut  from  New  Orleans,  I.,ow  Mid.  clause,  by  sail,  if 

required,  7  l-16d. 
March-April  delivery  from  Sav.  or  Chas..  Low  Mid.  clause,  6  15-16d. 
Fridat. — April-May  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  15-16d. 
Dec.-Jan.  shipment  from  Sav.  or  Chas.,  Low  Mid.  clause,  by  sail,  If 

required,  O^d. 
March-April  delivery  from  Sav.  or  Chas.,  Law  Mid.  clause,  6?jd. 
April-May  delivery  from  Sav.  or  Chas.,  Low  Mid.  clause,  6  !5-16d. 


^Deoember  18,  lo75J 


THE   CHRONICLE 


597 


Th«  BxroRTS  or  Cotton  frotn  New  York,  this  week,  show  an 
lacreaae,  u  compared  »ilU  last  week,  the  total  reaching  18,900 
Okie*,  against  13.317  bales  last  week.  Below  wajpire  oar  uKual 
**••••  showing  the  exports  of  cotton  from  New  York,  and  their 
direction,  tor  each  of  the  last  four  weeks;  also  the  toUl  exports 
and  dinctioa  since  Sept.  1,  1875;  and  in  the  last  column  the  total 
lor  the  same  period  of  the  previoos  year. 
««X»rto ol CottoaOalea) n-OM  New  YorkelaeeMvl.I,  igff 


Urvpool 

OthOT  British  Ports 

TetBl  I*  «t.  BritalB 


HSTT* 

OtiMr  Fr«seb  ports. 
IMal  Preach. ., 


Brama  aad  BaaoTO. 

Baabwf 

Other  porta 


Total  lo  If.  BaraM* 
■jsta^OpoitoAQlbralfrite 

Tatal  Sr*la,  *e... 
OraaJ  Talal 


WWMK  Bn>nM 


Not. 
M. 


I«,8H 


IMM 


ton 

1,«0 


tjan 


Dec 
1. 


11,480 


11.4 


no 


%tM 


i«.3n 


!t,I«l 


I>«c 
8. 


11,(U 


11,IS6 


•» 


U,tIT 


MO 


MLfOO 


Total 

to 
date. 


148,  VtS 
1,444 

i90.aao 
i.toe 


8«ffl« 
period 
prer'iu 

jet. 


1,008 
18,081 

not 

li,40B 
IMIO 


800 


»1.tl7 


141.685 

111.066 
0,147 


S,147 

8,800 

10,817 


01,747 
10 


10 

ig«.so» 


The  following  are  the  recaipis  of  eotton  at  New  York,  Boston, 
Philadelphia  and  Baltimore  for  the  last  week,  and  sioee  Sept.  1, 75: 


1 

d— »  -_ 

■■w  Toaa. 

1    •«■»*■• 

ratLaaair-ia 

■aiTiaoBs. 

Thli 

WMfe. 

Sloes 
Sept.  1. 

iThls 

Slace 
SSPLI. 

This 

weak. 

MO 
UN 

Otaee 

•api-i. 

iim 

This   Sine* 
week.  Sepu 

NewOftaaaa.. 

•»*aaaah°.~:.'°. 

SSSto:".'..'.'.: 

rtfeOuaHaa 
rtkOMaiiaa. 
fbiMa...    . 

4.101 
4.814 

1800 

ao^iOT 
jyjo 

80,180 
t7,8« 

m.eio 

»L87» 

um 

iim 

U40 

ISO 

I0b4ei 

88,808 
81,104 

"io 

■'88 

; 

8.141 

7.«4 
Mk801 
81.187 

lioio 

Total  this  rear 

8M44 

rrW 

8804toi|  ojoa 

8B,m 

1.00» 

17,870 

1^700 

O^TM 

Toui  l««  »»«f 

oB^onl 

njtil 

I80J08 

1    1.101 

18  8oJ 

',101 

08  788 

iDdnded  in  the  foregoing  totala  are,  from  New  York.  100  bales  te  Hunbnrc  • 
AnSrm"  °"*"'  <"■>»'«•  to  Vera  Cruz,  and  from  Charleston  1,080  kales  to 

Beluw  we  give  all  news  received  to  date  of  disasters,  Ac    to 
vessels  carrying  cotton  from  United  SUtes  ports  : 

^*'™'t^h"'L*2.'\:  ^rp""-  fro™  New  Orleans  for  Reval,  which  pat  Into  Tybee 
r.h.  .V  T"™;  """"^  '^'"8  '»"*<'  op  to  S«T«nnaK  Dec.  8,  went 
w;.„lP°.'S*''"'i"".''*'°r  Venue  Point.  She  will  be  lightened  of 
pSt  tS^       *"  '"^'  P'"**'  In  ""e  dry  doclc,  and  have  a  newVhirft 

°'^t^*Ti^  "?•  ■'^P'-  '""'  Charleston,  8.  C,  for  Liverpool,  before 
reported  a«  h«TiDg  pat  into  Waterford  with  machinery  damaged,  would 

jr.—  ^  }r  ?>•  »Ml«t«nce  of  a  tnc  to  reach  her  destination. 

*o««,  •''•(»?.).  frm  bav.nnah  for  Barcelona,  which  put  back:  to  Tybee,  D«l 
VlMi^  *"*"        *"''''  '"<'''«''•  «P»lred  ODd  resumed  her  voyageon 

^^l*  "f- (Br  >— A  Ore  broke  out  on  board  the  Palm  from  New  Orleans.  In 
.t,.Jl  ri^v-  Liverp.io|.  P.  M..  Nov.  S7,  ■.mong  some  loose  cotton  in  the 

_  a  1""  "o'd.  bat  was  exilncuifhed  In  ahont  twenty  minutes. 

5r^?*l"T'  ''''''•  Anderson,  from  Norfolk  for  Liverpool,  with  acsreo  of 
T,a»  bale*  cotron.  lO.OOO  trenails  and  3,00c  sUves,  dropped  down  to 
S^/H*^ *""'■■  "^•.  ^  preparatory  to  iroing  toeea,  and  on  the  mominr 
oi  tne  6th  a  portion  of  her  cnw  matlnled  on  account  of  he  careening  to 
one  fide,  owing.  It  fs  said,  to  sn  Inufflcient  amount  of  ballast.  Captain 
Anderson  commnnlcated  with  ih-  auih-ri-ies  at  Norfolk,  who  ordered  a 
N»rd  of  purvey.  coi'Sisting  of  Captain  Humohrey.  of  ship  Alice  D. 
Ojoper,  Capt  Jos.  W.  Fugh  and  Capt  .1.  M.  Glhhs  which,  afteracare- 
luJOMnlna  Ion  of  the  Tetsel,  recommended  that  the  fore  and  main 
topgallant  masu  and  yards  b«  sent  down  and  Ih.-ehio  proceed  on  her 
iZ?P.  "}'"•«»  of  Ih*  erew  refused  to  return  to  duty,  and  were  promnilr 
gaeed  la  Irons  by  ocdar  of  H.  Phoebus.  U.  S.  Coram  ssioner.  The  H  S. 
ur«(ory  proneded  on  her  Tnjrag»  8'h,  the  crew  having  returned  to  dnlr. 

came  I 
PaarsBO.  bi 

that  on  Not.  14.  at  law  P.M..  whan  II  miles  WNW  ..f  the  South  Mack 
'v?  •  "?•«'•  """«  unknown,  passod  down  on  her  port  side,  flnt 
caujtaing  the  port  end  of  the  Pampsro's  yards  on  the  furemast.  and  then 
raking  her  right  aloi.g.  All  her  lopssils  and  top  allant  j  a-ds  wrre  car- 
nso  away,  with  sails  and  nar  ailaehed,  also  mlxzenmasthead  and  all 
reral  decknianka,  skyllKht.  comnaolon  and  bln- 


BiLu  bark  Penny,  from  New  Orleans  for  Havre,  sti  nek  on  Tortueii 
came  ofl'  and  pat  In  o  Key  W>'Bt,  Dec.  9.  luaky.    Must  di-chsr^e. 
f?":  ""5.  '*''•'■  lowden,  at  Liverpool  Nov.  Sb  from  New  York,  reports 


away. 
aboTs  mlasco  g^if;  sevo 

naete,  Ac.  werealani' Jaredby         _  _      

Into  tbeMetwy  from  ofl  the  Skerries.'  The  other  vesaerapoeared'to  be 
OVCT  I  000  tooa  in  ballast  trim,  painted  black  with  while  strip  •,  and 
rrom  the  marks  left  on  the  Pampeni's  gear  it  appears  that  her  Tarda 

^         T'ere  either  CI  aied  »lih  tar  er  hIaekTsinlsh. 

Haarrrsini.  schr.  (M  tons  of  New  York),  McNalr.  from  Charleston  Oct  14 
[y  I*;"'-  "•'>>  l.»*-  tMles  cotton,  waa  stranded  at  Torcks,  Awedeu.  Dec 
'  •  7.""  "■  '*"'"  ""  lesklng  and  waa  Uksn  into  Klslnore,  where  ihe 
waa  discharging  ISih. 

Cotton  f  reiffbu  the  past  week  hare  l>aen  as  follows : 


8aiprui«  Naws.— Tha  azporu  of   eottoo  (fom  the  United 
fliataa  tha  paat  weak,  ••  per  hts^  aoaA  latarna.  have  reached 
M  7U  bales.     So  far  as  tha  Soatharn  porta  are  eooeemed,  these 
are  the  same  exports  rwported  \>y  telegraph,  and  pablished  in 
Thk  CKaoiiici.B  last  Frtdar.     With  regard  to  New  York,  we 
laelade  the  maoileata  ol  all  veasels  cleared  ap  to  Wedneedav 
•iKhtofthlaweek.                                                            TWal  hale, 
■•w  Toaa-To  LlTwpaol. par sisaasrs  rhsOasaa,  1,718.... AdrlaUc 
1.  It       City  o»  BertiB,  1.407.  ...Dakota,  8,810.... Java.    Ml 
Cliy  or  Xew  York.  1.0  6  ...Italy.  8,7M....p*r  skip  aaveoMnig, 
010       61.  Pairick.  84B....8imib«atB.  1,044.. ..WssklSfftoa,  0,710.  U.V0 
Jo  *"■>■.  PW  Wiw  AsMtlca.  188 MO 


-Llrerpool. — 


istanUy... 

itaaday 

Taasday.. 
Wednesday 
Tharsday.. 
rrtdar.  . 
Marksl 


. — HaTra. — . 
Steam.  Sail. 

e.       c. 


-Rremen.- 


Bteam. 

c 
1  comp. 
1  comp. 
1  eorop. 
1  comp. 
1  comp. 
1  comp. 


8aU. 
e. 

11-18 
11-10 
II-IO 
11-10 
11-10 
11-10 


-Hambarg.-^ 

Steam.    SaU. 

c  c. 

1  comp.    .. 

1  comp.    .. 

1  comp.    .. 

1  comp,    .. 

1  comp.    .. 

1  eonp.    .. 


BRE  ADSTUFFS. 


l^u'-L 

Js«M».18W..;jsrslilf  Malta.  8J>8....HorU 

^W«Miiat>'.4,8b6T^XteeaMet.i7w 

IsBsora,  par  kMkWVMa  Wayar.  18S....par 

_WJ8..  par sckeaasr Aaa<    

r  lais.  paiissMii  llsa 


Prtees  Idward,  isno. 
Hortkaaptoa.  8  010. . 


l.OU.. 
Jaelalo,  tJtO. 


kttt  Ilsi7yiak, 


par kaikPa*o Oast.  tJ»..„..^^ 

I»0«.a.perk  Iks  Aaaa,  I  J«  ..  CD.  W.,SIS 

Ta  VassCraa,  par  ackosasr  TraT«^er,  447 

na-To  Urarpaai.  par  ahla  WliUaa  8.401 

To 0>.rk ar  r«.«Haik  psrfcrk  Ptonda,  04 1 

To  AasMadas.  par  sMpAaalaOoaOey.  1,700 

utn  -a-Te  UTarpoai.  par  skip  Martha  Bowfcsr,  tOU  Dpiaad  aad 

TeBr«aMa,ps  bark  d'ataakar  JLl  too 'D| 

To  4at««rp.  p  r  bark  Taar,  1  £iO  Ji 

■•    --LOOOOaUaa.    .  

.par  Wg  Talsa- 


100 


80,848 

8.Wt 
1.810 
1,818 
8,181 

4«7 
S,«*I8 

Ott 

8,aio 


ToBarc  kX'a.parhr«cSa*a,000O( . 

SaranAa-To  Havre,  aar  hatk  Seoila,  8.891  Vplaa4. 

a<w,  1,008  uptef. 

^To  Br  I  aiaa.  par  -  !■■  w  Hafler.  8.718  UpUad 

Texas— Wtak  ecd ag  Oae.  8— To    Uvarpool.    par    ttaamars  Royal 
Miaslral. 0.101. ...MaaMaRaa.0J88.... par sekooaarft  8.  Powell, 

Weak ea^OlaiiD^'id.— fa Uf^pool.'  'par w'i'smW" Abdisi." M88!'. ." '. 

ii>rbarkLaclada.«laad4Saalslaad 

TiPlaMwoad.  Bsgho*.  P«r  sckenaer  «.  A.  Ssacka.  1,8» 

ToOsrk  8or ar<ar<,oar balk OearaJaaal. 8,000 

To  Havrs,  par  barkSKak  Doulaa,  1(M    

*-^f»  >ilsi<asi,  par  asra  AsMada,  1.018. 


8.80O 

1.080 

1>0 

l,7U 


9,088 


OfaMiaaa.  1 78. .  .Mora  Scotlaa, 
iBintaflhe  Daw-  — 
Bainla.  000. 


Dawa,UIO.. 

> 

Psaasjiiools.  1,100 

9a.:is 

The  partlealats  of  tbaae  ohipmaala,  anangad  in  oar  osoal  form, 
aia  ■•  Isilowa : 

Fleet-  Bra- Amster-Baroe- 

wood.  Cork.  Barra.  saaa.   dam.   loss.  OaaoaTolal. 

800 18.000 

8410     ....     UnS    8,in    81.800 

8010 

ISO     ....      8.740 

7.010 

17.008 

.•••      ••..       1,078 


800 

1.140 


SMU 


Paioar.  P.  M..  December  17,  1875 
The  flonr  market  opened  the  week  drooping,  under  a  severe 
pressare  to  sell,  and  prices  further  gare  war,  especially  for  the 
low  and  medium  grades.  But  at  the  decline,  the  general  ship- 
plaf  demand  became  more  active,  and  EoKllsh  orders  were 
bnnght  forward  more  freely.  There  was,  oonsequently,  some 
recovery  ol  tone,  althongh  the  local  trade  cooliofted  to  bay  with 
arrsat  eantion.  Production  has  been  a  good  deal  curuiled,  partly 
owing  to  the  sudden  freezing  of  mill-Blreama  and  partly  to  the 
anremnoerative  egnrea  to  which  prices  bad  declined.  Bye  flour 
has  been  doing  better,  snd  com  meal  fairly  active.  To  day.tbere 
waa  a  fair  inquiry  for  low  grades  and  for  shipping  extras,  at 
oteady  price*,  but  the  better  grades  were  dull. 

The  wheat  market  opened  the  week  with  a  downward  tendency, 
and  some  of  the  low  grades  gave  way  8(90e.  per  bushel,  while  in 
tha  ooonder  qoalltiee  a  reduction  of  1(^30.  was  made,  iu  order  to 
•floet  sales.  But  latterly  there  has  l>een  a  steadier  tone  aud  some 
recovery  lo  prices.  Shipping  orders  show  some  acsumulatloo,  and 
oeean  freights  have  declined.  Much  of  the  wheat  pressing  on  the 
fltarket  has  been  cloa<^  out,  and  the  offerings  oo  sale  are  less 
liberal.  Reeeipts  at  the  Western  markeU  have  fallen  off  materi 
ally,  but  still  exceed  last  year,  and  stocks  accumulate.  There 
is  some  demand  lor  wheat  from  the  Continent,  as  well  as  more 
liberal  orders  from  Qreat  Britain.  Late  sales  embrace,  No.  2  Mil- 
1QBk«j>  U  $1  34(a|l  28.  No.  1  do.,  $t  3l(atl  83.  rejected  Spring 
M*a<i  02.  and  amber  Winter  $1  33<»|1  43.  To  day,  there  was 
■ore  doio;  at  full  prices,  for  export  and  milliog. 

Indian  Com  shows  a  decided  improvement.  The  supply  of  old 
is  much  rednced,  and  held  with  speculstive  eonfldence.  The  new 
Weatem  com  coming  forward  is  in  much  better  condition,  so 
that  some  of  it  can  go  forward  to  Liverpool  by  steam  ;  and  mixed 
with  some  old  com  is  very  deeirable  stock.  The  supplies  of  new 
Sontbem  com  continae  very  small.  Today,  there  was  an  upward 
tendency  and  a  Brm  clostog. 

Rye  has  l}een  quiet  and  prices  scarcely  so  firm.  There  have 
been  some  shipments  to  Bremen.  Barley  has  been  dull,  and 
prioeo  have  lost  a  portion  of  the  recent  advance.  Canada  peas 
have  been  dull  and  drooping.  Oats  have  been  active  and  price* 
are  higher,  with  free  sales  latterly  of  good  to  prime  Western 
mixed  a*  48a90e.  To  day,  the  marknt  was  steady,  but  not  actlvoa 
The  i6Uowiji(  are  cloaiag  qnotatlou : 


698 


THE  CHRONICLR 


[December  18,  1875 


ITloitb. 

No.t •bbl.t3<sa4  10 

Baparllns  State  &  West- 

em 4  400  4  70 

Extra  SUte,  Ac. 6  COO  5  80 

Western  Spring  Wheat 

extras 4  800  5  85 

doXXandXXX 5  £00  6  73 

do  winter  wheat  X  and 

XX  6  260  8  S5 

Oity  shipping  extras 5  SSO  <  10 

City    trade  and  family 

brands 0  2SO  7  75 

Soatbem  bakers'  and  fa- 
mily Brands 7  0?O  8  25 

Southern  shipp'K  extras. .  5  50^6  75 

Rye  flour,  euperSne 5  Ofta  5  40 

Corn  meal— Western,  Ac.  3  250  3  70 

Corn  meal— Br° wine.  Ac.  3  9GO  4  00 


Obaix. 

Wbeat— No.3  sprlsg,biisb,tl  OSO  1  14 

Mo.  S  spring l  —  ■  ~" 

No.  1  spring ] 

Red  Western l 

Amber  do 1 

White 1 

Corn-Weetern  mixed . . . 

White  Western MO      77 

Yellow  Western 7IO     1' 

Rye ^i 870     M 

Oate— Mixed........  ....  40O     49 

White    y..i.  ..  47©      S3 

Barley— Canada  Weat...  1  15@  1  30 

State,  2-rowed 9054  100 

Stuio.  4rowed 1  08O  1  15 

BarlevMa't— SUte  .    ...  1  OBa  1  SO 

CaDodlan 1  30®  !  40 

Peas— Canada,  bond  &fr.  1  05O  1  26 


The 
Iowa  : 


movement  ia  bieadstaSs  at  tliia  market  bu  been  as  fol 


, BZOKIFTSAT  HEW  TOBK. 

, 1875. ,        Since 

For  the  Since  Jan. 
week.  Jan.  1.  1,  !974. 
Flonr,  bbls.  117,127  3,766,504  3,876.425 
O.  meal, " .  3,792  124,912  170,388 
Wbeat.baB.  378.132  33,399,031  «,672.655 
Corn,  "  .  845,233  21,902,3»4  38,731,807 
Bye,  "  .  6,472  '299,064  598,759 
BarieT.  "  .  10,694  4,599,432  2,746,507 
Oata...."  .      97,886  10,411,298  10,628,201 


BXPOBTS  rBOX  HBW  TOBK. , 


1875. 

For  the     Since 

week.     Jan.l. 

60,!M1    3,848,778 

6,099       174,155 

61.%490  25,669.625 

101.822  12,613.956 

19,098        179,050 

no 

4,130       136,740 


1874 

For  the      Since 

week.      Jan. 1. 

45,933    5,103,164 

3,631         170,168 

840,988  34,110.602 

123,518  18,899.614 

6fl.6ol 

3,000 

2,775       121,149 


The  following  tables  show  the  Qrain  in  sight  and  the  move- 
ment of  Breadatu&B  to  the  latest  mail  dates. 

BBCBIFTB  i.T  LAKE  A.ND  RIVER  FORTS  FOR  THE  WEEK  ENDING 
DEC.   11,  1875,  AND   FROM  AUGCST   1   TO   DEC.  11  : 


At- 

Chlcago - 

Milwankee 

.„ 

Flonr, 

bblB. 

(196  lbs.) 

85,507 

38.689 

KH) 

10,691 

3,000 

24,115 

900 

Wheat, 

bush. 

(60  lbs.) 

449.896 

619,718 

75,259 

79,403 

14,6.50 

85  345 

17.403 

1,341,671 

1.930.474 

1,996,303 

1.317.128 

725.3S1 

503,098 

690.027 

Corn, 
bush. 

(56  lbs.) 
21,719 
16.150 

150,609 
5,490 
9,800 

142,3S7 
70,780 

416,875 
780.991 
K86,672 
280,624 
549,167 
1,201. 186 
352,511 

Oats, 
bush. 
(32  lbs.) 
101,785 
18,070 
13.601 
21,240 
14.300 
21,602 
37,800 

230,718 
267,786 
279,827 
328,363 
339,775 
348,031 
166,671 

Barley, 
bush. 

(48  Iha.)  ( 
50.050 
58,260 

11,853 

2,050 

11,124 

14,430 

147,952 
177,368 

20,207 
236,938 
179,085 
181.889 

50.150 

Rye, 

bush. 

56  lbs.) 

12.910 

3,245 

Toledo 

Detroit 

3,200 

■ibO 

6,188 

8  510 

St.  Louis  

Peoria. 

Dttluth 

■•■ 

Total 

Prerious  week,. 

133,002 
138,769 
126,444 
115,916 
106,611 
86,204 
1.21,.334 

29,403 
81.927 
38,416 
33.425 
23,450 
33,.320 
15,122 

Oorreap^ng  week 

•74 

•73. 

'72. 

"il 

'70. 

ToUl  Aug.  1  todate. .2,139,716  37,503,:24  1?,705,261  14,067,507  4.195,653  1,188  123 

Same  time  1874 3,321,128  33.229,950  17,861,873  11,313,741  3,9;8  559      636  929 

Same  time  1873 2,431,414  39,797,6)2  25,736,412  11,543,69)  3,552,996      940013 

Same  time  1872 2,2J8,153  29,019,693  26,965,529  11,131,419  5,989,811     978^40 

BHrpMENTS  OF  Flour  and  Qr.\in  from  lake  ports  for  the  past 
four  weeks  and  from  Jan.  1  to  Dec.  11,  inclusive,  for  four  years  : 


Flour, 
bbls. 

Dec.  11, '73 163,377 

Dec.    4, '75 136,2'i3 

Nov.  27,  '75 141,022 

Nov.  20, '75 167,908 


Wheat,        Corn,  Oais,      Barley,        Rye, 

bush.         hush.  bush.       bufb".        ba»h. 

246.286       471  292  122.129      296,123        11,268 

879,-361        713,364  262,471        45,373         7,050 

1,419,172       595,494  234  113       61,131        19,105 

2,008,400        713.895  379,721        81,415        15,241 

Jan.  1  todate 6,257.221  67,277,115  42,234,669  18,9:1.382  2,629,-282     900.354 

Same  time  1874 6,542,821  59,8)5,911  4.3,729,264  16,413,6.37  2,520.396  2.960,902 

Same  time  1873 6.126,735  5.5,606,279  49,476,069  21,178,041  4,019,968  l,322,ls6 

Same  time  1872 4,533,311  30,56:1,701  66,319,756  18,668,218  6,674,977  1,189,8.3« 

RECEIPTS   OF    FLOUR    AND  QRAIN   AT  SEABOARD  PORTS  FOR  THE 
WEEK  ENDING  DEC.  11,  1875,  AND  FROM  JAN.  1  TO  DEC.  11: 


Flour, 

At-  bbls. 

NewYork 120,186 

Boston 47,276 

Portland 15,000 

Montreal '.  .  8,274 

Philadelphia 17,680 

Baltimore 25,359 

New  Orleans 19,989 


Wheat, 

bush. 

390,440 
4,400 
9,000 
4,401 

207,500 
45,600 


Com, 

Oats, 

bush. 

bush. 

263,6-;4 

116,045 

96,152 

37.600 

21,500 

6.800 

700 

166,800 

48,000 

192,600 

10,200 

44,751 

15,904 

Barley, 
bush. 
5,6(10 
51,7.58 
600 
4,800 
14,000 


bneh. 

6,100 

514 


1,160 
2,000 


Total 253,604 

Previous  week 876.436 

Cor.  week '74 213.227 


785,477 
948,768 
606,984 


229,249 
560,754 
843,742 


76,658 
252.451 

45,395 
4,85.3.728 
3,510,231 


9,794 

17,658 

14,400 

481,4.37 

929,259 


661,610 
1,2)9,129 

641.010 
Total  Jan.  1  to  date. 9.480,155  63,366.834  63,619;733  19,806i622 

Same  time  1874 10,379,873  61,1.34,4:5  50.0.5J,820  19,705,105 

Same  time  1873 9,225,256  46,940.225  47,189,820  21,5.16.409    3.23:3,)52  1,124  887 

Same  time  1872 7,473,210  24,379,017  71,296,880  21,672,232   6,198,503     599,921 

«  The  Visible  Supply  of  Grain,  comprising  the  stock  in 
granary  at  tto  principal  points  of  accumulation  at  lake  and 
seaboard  ports,  in  transit  by  rail,  frozen  in  on  tlie  New  York 
canals  and  on  the  lakes,  Dec.  11,  1875 : 


Wheat, 
bush. 
5.833,682 
10,(00 

2.100,336 
1,8)3,741 


In  store  at  New  Tork  . , 

In  store  at  Albany  

[n  store  at  Buffalo 

In  store  at  Chicago 

In  store  at  Milwaukee 2,876J238 

In  store  at  Duluth* 50.495 

In  store  at  Toledo 487.550 

In  store  at  Detroit 157,004 

In  store  at  Oswego* 490,000 

In  store  at  St.  Louis 739,379 

In  store  at  Peoria 6.399 

fn  store  at  Boston 1,3.53 

In  store  at  Toronto 281,729 

In  store  at  Montreal 396,312 

In  store  at  Philadelphia* 326.000 

In  store  at  Baltimore* 90,981 

RailshlpmenU 246,286 

litke  shipments 666,644 

On  New  Yark  canals 731,350 

Total 16,686,389 

Dec.    4.  1875 '. 16,464,258 

Dec.  12,  1874 22,138,943 

♦■Estimated. 


Corn, 
bush. 
780,.369 
4,000 
292,375 
251.344 
15,573 

217,891 

27,882 

115,000 

109,603 

20.957 

90,389 

750 

38,3(4 

870,OW 

176,864 

471,292 

120,000 

48,(00 

3,049,9S8 
8,436,233 
3,830,152 


Oats, 

Barley, 

bush. 

bush. 

1,234,741 

273.411 

44,000 

26.3,000 

873,693 

86,151 

383,718 

331,924 

40,424 

178,451 

824,037 
52,616 

50,000 
118,995 

82,983 

881,498 

8.218 

10,801 
105,000 

65,000 
122,129 
280,000 
195,830 

8.667,077 
8.531,712 
8.671.469 


64,670 

28,450 

191.542 

119,550 

5,128 

70,-H9 

97,164 

6,033 

60,000 

18,620 

296.123 

110,009 

498.741 

8,632,067 
2.255.239 
8,476,141 


Rye, 
bnsh. 
9H,9«7 
13,400 
27, 191 
l:S80)0 

6,193 

r,668 

lo'.OOC 

26.990 

97,843 

725 

8,6.0 

12.560 
5,000 
11,262 

le^oob 

468.219 
466,290 
204,160 


THE  DRY  aOODS  TRADE. 

Fbidat,  p.  M.,  Dec.  17,  1876. 
The  market  was  generally  quiet  throughout  the  week,  and,  for 
the  most  part,  selections  were  of  a  hand-to-mouth  character.     A 
more  liberal  movement,  however,  in  a  few  descriptions  of  cotton 
goods  from  first  hands  has  been  in  progress,  and  manuractarerE> 
agents  distributed  large  amounts  of  bleached  and  colored  cot. 
tons — the  former  by  means  of  price  eoncessions,  and  the  latter  by 
liberal  time  inducements.      Converters  were  in  the  market  for 
shirtings,  shirting  prints,  and  skirt  materials,  which  met  with  fair 
snlea,  and  the  clothing  trade  operated  to  a  moderate  extent  in 
low  and  medium  faucy  cassimerea,  cottonadea,  &c.;  but  aside  from 
the  fabrics  above  mentioned,  jobbers  confined  their  operations  to 
the  smallest  possible  selections  of  goods  actually  required  for  the 
pursuance  of  current  trade.      With  jobbers  transactions   were 
cliiefly  restricted  to  filling  orders  from  retailers  in  the  interior,  in 
which  way  a  fair  aggregate  amount  of  assorted  merchandise  was 
placed  in  the  channels  of  consamption.    This  week  the  exports  of 
American  cotton  goods  from  this  port  reached    615  packages, 
irhich  make8_  the  total  exports  since   January  1,  1875,  38,841 
packages,  which  is  a  gratifying  increase  npon   the  shipments  of 
late  years,  although  greatly  behind  those  of  antebellum  times. 
As  usual,  at  this  period  of  the  season,  there  were  no  price  fluctua- 
tions of  moment  in  goods  of  any  description,  and,  with  the  ex- 
ception of  bleached  shirtings,  all  kinds  of  domestic  fabrics  were 
unchanged  in  value. 

Domestic  Cotton  C1ood.s. — There  was  a  liberal  movement  in 
certain  makea  of  bleached  shirtings,  which  were  reduced  to  low 
figures,  including  Linwood,Gold   Medal,  Whitinsville,  and  others 
of  less  reputation.    Brown  sheetings  were  in  steady  demand  and 
firm,  owing  to  the  light  supply  in  first  hands.     Denims,  tickings 
and  dyed  ducks  were  "dated  ahead"  by  some  of  the  agents,  and 
this  led  to  a  freer  movement  in  these  goods  than  has  been  noticed 
for  some  time  past,  although  the  general  demand  continued  light, 
Cottonades  were  taken  by  the  clothing  trade   in  moderate  amounts 
and  imitation  alpaca  coatings  were  in  fair  request.      Corset  jeans 
moved  less  freely,  but  were  firmly  held  by  agents.    Rolled  jac- 
conets  were  quiet,  but  silesias  were  in  better  demand.     Grain  bags 
continued  quiet,  and  carpet  warps,  cotton  batts  and  yarns  were 
in  limited  request.     Print  cloths  moved  slowly,  and  closed  at  4|c. 
30  days,  for  extra  standard  64x64  makes  for  immediate  delivery, 
and  4gc.,  30  days,  to  4^0.,  60  days,  for  January  to  April  contracts. 
An  order  from  England  was  received  by  one  of  the  Fall  River 
Mills  for  a  large  quantity  of  print  cloths  at  a  price  which  has  not 
transpired,  and  at  least  a  portion  of  the  order  will  be  executed. 
Prints  were  rather  sluggish,  but  there  was  a  moderate  demand  for 
plaid  styles,  robes  and  shirtings  at  unchanged  prices.     Ginghams 
have  become  quiet,  but  have  have  had  the  most  successful  season 
on  record. 

Domestic  Woolen  Goods. — There  has  been  no  real  anima- 
tion in  this  department,  and  spirit  was  lacking  in  the  demand  for 
men's-wear  goods  of  all  kinds.  From  first  hands  there  was  a 
moderate  movement  in  low  and  medium  grades  of  fancy  cassi- 
meres,  which  were  mostly  taken  by  the  clothing  trade,  but  fij9 
qualities  remained  inactive.  Worsted  coatings  moved  slowly 
and  are  in  large  supply.  Cloths  and  doeskins  were  taken  in 
small  quantities  by  clothiers  and  jobbers — the  beet  makes  receiv- 
ing a  decided  preference.  Repellents  were  in  moderate  request, 
being  taken  by  clothiers  for  the  manufacture  of  boys'  suits,  as 
well  as  by  jobbers  for  cloaking  purposes.  Kentucky  jeans  were 
distributed  in  small  lots  to  a  fair  aggregate  amount,  and  there 
was  rather  more  inquiry  for  good  styles  of  printed  satinets. 
Flannels  and  blankets  were  only  taken  in  single  package  lots  for 
the  renewal  of  assortments,  but  were  fairly  steady  in  price. 
Shawls  remained  quiet ;  felt  skirts  were  dull,  and  pressed  to  sale 
through  the  auction  rooms,  and  worsted  dress  goods  were  lightly 
dealt  in.    Hosiery,  and  shirts  and  drawers  moved  very  slowly. 

Foreign  Dry  Goods. — There  was  a  very  slow  movement  in 
imported  fabrics  apart  from  holiday  goods,  which  were  distributed 
by  importers  and  jobbers  in  increased  amounts,  and  clothing 
linens,  which  became  rather  more  active.  Silks  were  quiet,  and 
velvets,  ribbons  and  millinery  goods  brought  very  low  prices  in 
the  auction  rooms.  Lace  curtains  were  disposed  of  at  public  sale 
ill  considerable  quantities,  but  at  prices  which  left  no  profit  to  the 
importers.  Real  laces  and  lace  goods,  embroideries  and  holiday 
handkerchiefs  were,  as  usual,  at  this  time  of  year,  rather  more 
active,  and  were  freely  aold  at  auction.  Dress  goods  of  the  most 
staple  character  found  a  few  buyers,  but  fancy  textures  were  quiet. 
Woolen  goods  were  emphatically  dull,  and  shawls  were  less 
active  than  of  late.  Fancy  holiday  goods  were  distributed  in 
liberal  amounts  by  the  auction  houses,  who  included  in  some  of 
their  sales  costly  Japanese  bronzes,  one  set  of  which  (including 
two-vases  and  a  centre-piece)  was  sold  by  Messrs.  Field,  Morris, 
rennier  &  Cio.  for  the  handsome  sum  of  $3,000,  Messrs.  Herter 
Bro3.,  of  this  city,  being  the  purchasers. 


December  18,  1875.] 


THE   CHRONICLE 


5911 


lairortalleas  of  Dry  G*o4a. 

The  importationa  o(  drj  ((oods  at  this  port  lor  the  week  endiog 
Dec  10,  1875,  and  the  eorreaponding  weeki  of   1874  and  187S 
have  been  aa  (ollowa  : 
BTTBaaB  roB  oonciimoa  roa  tbb  wbbk  ntonia  oicxaaia  IS,  in: : 

. J»73 .      . l«M .       . WTO . 

„       ^  Pk«f.    VaJne.       Plut*.     Valoa.       Pk»».    Vtloe. 

MaaalactVMOf wool....    tir      rn,OM         fTo     MT.aU        (Stt     1137,198 

do  eottoo..    3«)        BMU         7M       tMJttt         nt       KM.Sli 

do  •ilk IM       XWjOi        '"       

do  dax 153         JS.M5 

■UaceliaaeoM  irj  food*.  Ul         M,M1 


911 
S19 
410 


tl.TU 
rSAOt 

itt.»ri 


MO 

tn 


ITS.  CM 
90,0SI 

88.835 


To»»l..- 


I.il6     t»1.08t      t,SSt  11,038,801       l,tt5 


raoa  w^aaaooM  aks  Taaowii  mro  rai  HAaaar  Dpaixa  t 
•4HB  raaios: 


tCK,9(» 

1 


MtnaraetBrea  of  wool sn 

do               cottoa..  3»t 

do               tllk u 

do               lax 418 

MlMaUaaeoudrf  (ood*.  411 


114.1«l 

as.s» 


tn«,4M 
an.oa 


m 

31 

i.in 


$148,010 
».0U) 

3a,>T4 

imitt 
umjn* 


197 
87 
31 

ao 


730 


9S,4IS 
St,S83 

51.097 
15,077 

tl»4.l>48 


Bsporta  or  l.ea41lac  Article*  (rom  :<lew  ir«r«. 

The  following  table,  compiled  irom  Cuatom  iluuae  returna, 
■hows  the  exports  of  leading  articles  from  the  port  of  New 
Tork  since  January  1, 1875,  to  all  the  priocipal  foreign  countrleg, 
and  alao  the  totala  forthe  last  week, and  aince  January  1.  The 
laat  two  lioea  show  (o(a(  oa<u«<,  including  the  valneof  all  other 
articles  besides  those  mentioned  in  the  table 

|a52||ipiJiS§i»is3i^?isi?5ig3iiS}?iii  i^ 
,-•  =  >• 

2?»  .ESaSSSsesa3SSSca«as5t!99.»s«a»'»Ta5ss(s  a  : 


'.Has 


Tola!  1.801 

4d4*at'4roreaa*aBpt'B   1,915 

Total  thfOWB  apoB  B'k't.  3,UH     $978,593      4.771  tl.SV^n      9,875    tSSl.Oll 
aaiaaau  voa  WAanotnoia  ooanra  aaxa  psbiom 


Maaafacrataaof  wool. 


do  sUk 

do  lax 

■tsreilBBeoai  dry  (ooda. 


991 
98 
917 
990 


Tout    . 
Addaat'dror 

fMal 


....  i.Tir 

pt  a  1.916 


tMO.140 
W,499 
71,000 
n.740 
46199 

$479,090 
999.099 


9M 
•49 
99 

190 


1.144 

».»99 


$119,489 
199,M8 
«7,t04 
n.99S 
40,991 

1,01 — 


1» 

190 
10 


1,03mm 


119 
9.199 


|59,47» 
»ttIT 
92.  Mt 
90,010 

|>rQ.891 


I  u  tb«  port.  9,933     tS^a,U:      3,1IM  tl.4S7.tll      UM 
laip*ria  •!  I<«a«lac  ArlleUa. 

The  foUowini^  table,  eompilod  from  Ca9toin  Sonse  returns 
■hows  the  foreign  Importa  ol  leading  articles  at  thia  port  aioce 
Ja«.  1. 1879,  and  for  tha  aaae  period  of  1874  : 

[Tka  taaallty  I*  gtvea  la  package*  when  aot  otkerwlae  speclied.] 


(AIM.. 


Oaal.taM... 


/aa.l,*aLltlm*  Ulti 


il9»: 


"mB 


tUc 


OimmTutu. 


OtLOUT* 


11^ 


AMI 

9L0U 


UIW 

ajM 
mtAm 


9M99 
9I.MI 


MLMO^ 


991911 


UK* 


sar 


•rtatles 
■Maa  4 

laSaraWber 

Ivory 

JewMrr,  >s. 
ijwJty .... 


91^11 


T494 
MM 


tAOK 


t,m 


WIK* 


•IM 
Uaa.l.*1B. 


Ib«ala,*c- 
Catbry 


BartwBia. 
Iroa,kR.bafa... 

t«d.pl« 

v.Dm 


iUal 

TUi,  kosas... 
,^«a  slabs.  Iba 


»•.__ 

inMa,*e- 


■,9t*'Claars 

M98;ODrks 

49l.tr    Paasy  foods.. 

»Mn  rifh   ". 

5MI«  Fralla.  Ac— 


«.I91 


njtu 


80k  in 

•ajiii 

T.w*ni 


tla*1874 


4.4M 

9.«T9 

9BM49 

909JI9 

l,««7,«4I 
lUJM 

9n.i»i 

M.t:S,S09 


91,194 

MM* 
I9M9I 
91,IM 


jjsii 

'     llaVusay. 


$U9t.ni 


1.UUM 
IM.101 


i.«99,7n 
t.itt,i« 

Tt,ttl 
4.091 

119,M9 

imjm 

991499 


mioiit 

•4.739 

1.991,199 

411,141 


IRUt    i.m 

"^tSI  !;SI;U7 

IM,9M    9LM9,»1 


•^A«M 


99^114 
«M91 


in.141 


ujttjao 

741,979 


I4I,««0 

U7.on 
ni,979 


99.999 

119.799 

•l»la  M  ••■saaUa   Pr««ae«. 

TIm  raeoipu  of  domeMle  produce  since  Jaaoary  1, 1875,  aad  (or 
I  time  la  1874.  have  baea  aa  follows  : 


ar.99i». 


Il- 
l- 


s' 

IS 
: :  :|Sp  :  ;S-S5flSI  iSSSSsKSSiiais  ;  || 


i 


i 


-     a 


:8     :~ 


•"    •     J   '•     ml 


•SiSg 


115::; 

11 ; :  i  i|5*8«  : :?  :««S  .§  j  S8SS5IS528S2   S5 


8  iii»gE  i$: 


:SB8   SS 
S  ^8 


:g5 


iSl  ;-S 


:5s 


•^rf 


:S3 


^Si 


'iiiS 


M 


n 

n 


«i:.. 


i§5«i:SSiJ;5  2l55=ri§f|:g 


98b9l4  tftaariae 

— -»H««««r kkb. 

T<^aeeo 


■•*J««J3Z.o  _ 

iHMnniiMiiinj; 


mm 


I   :2  :"8S 
a.  i«^t<       .« 


■•3 

OO 


b^f 


"rjj«o       S: 


fiOO 


THE   CHRONICLR 


[December  18,  18.5. 


UENEBAL 

FKIOKS  OJRttKNT. 

Pot 5    « 

■BBAD8TCFF8— SeeapaolKl  report. 
BUIL.DINO  MATBBIALS- 
Uricts—Vommon  bara,  afloat 2  GO 

Croton 1100 

Pblladelphla.  ....  28  i<0 

C«m«nX— Ei  •Rendalf^ 1  10 

XJme— Kockland.  commOD 1  00 

KockUnd,  flnl^blDK 1  30 

Xum^«r— SoaCtiera  p»ne 20  JO 

Wblte  ptnebox  boards IS  OP 


BH 


a  6  00 

e  u  00 
a  so  on 

«     1  JO 

» 
a 

a  82  ou 

a  18  00 


While  pine  merchan. box  boards.  I't  00   a  2!  00 

Clearplne 4!>  00   a  SS  00 

OalcaLd  ash 38  00   a  4C  00 

BlackVRlnut •Jli  00    a  !0  00 

Sorace  boardsA  planks 18  00    a  ^^  00 

HRmlock  hoards  A  planks 16  00    a  SO  00 

jra<t«-'.OaiOd.rnm,ren  &  sh.V  ke;    2  93    a    3(0 

Cllnch.ix  to  SIn.Alonger 4^0   a    SSI 

idflna t  JS   a    .... 

Cuttplkes, all  sites 3  29   a    .... 

/WnU— Lead, white, Am, pare, iDOll       ....a       lOX 

Lead, wh.,  Amer., pure  dry 9    £         9)^ 

line,  wh.,Amer.  dry.  No.  1 7    «        IK 

line,  wh..  Artier.. No. l.lnoll lIHa       H 

Paris  white.  Bnvllsh,  prime  rold...    135    a    190 

■  OTTKU-(Wholes«le  Prices)— 

Hairtlrklns(Kast'n;3astoselectlana        22    a        89 

Welsh  tubs,        ••        '•     Isls       ....       2J    a       30 

Hairflrklns(We8fn)  ■•       "         ....       11    a      28 

■Welsh  tubs         ....       17   a      29 

CHKKSH- 

Mev  State  factory,  fair  to  good 11X«       12V 

Weatern.Kaoa  to  prime t    a       10 

COAl.- 
Anthraelte  (by  cargo) 5  00   a 


<25 
12  00 


18  a 
I'xa 

',?.** 
»iKa 
26  a 
20  a 
i«  a 
:»x » 

17H» 

19  a 
i«  a 


18M 

21 

2! 


90 
31 
2SX 


Liverpool  gas  oannel 

LiTerpool  house  cannel -.,9  1700 

OOFFKK- 
tClo,  ord.earKoes,  60  days  and  gold 

do  fair,  do       gold. 

do  tfood,  do        fcold. 

do  prime,  do        gold. 

Java.mats  and  bags gold. 

Native  CcyloB koiu. 

Maracalbo   gold. 

Laguayra goid 

Bt.  L}omingo gold. 

Bavanllla  gold. 

Costa  Rica gold. 

COPPKK- 

aoits a 

Btaeathing,  new  (overi:  ox; a 

Braxlers' foyer  16  oa.) a 

American  Ingot.  Lake 38^9 

COTTON  — 6ee  special  report. 
DtlUGS  *  DYKS- 

Alum,  lamp 

Argols, crude gold. 

ArgolB, refined *• 

Arsenic, powdered " 

Bicarb,  soda,  Newcastle •• 

B1  chro.  potash.  * 

Bleaching  powder " 

Brlmstone.crude,  per  ton •• 

Brimstone.  Km.  roll 9%. 

G«mphor   refined 

Castor  oil.  K  .1.  la  bond,  V  gal, .  gold . 

Caustic  soda •■ 

Chlorate  potash ** 

Cochineal, Honduras •• 

Canhlneai,  Mexican ** 

Cream  tartar  " 

Cabebs,  Rast  India 

Oateh gold. 

Rambler ■■ 

BInseng cur. 

Glycerine,  American  pare '* 

Jalap " 

Ueortce  paste,  Calabria 

Licorice  paste. Sicily    

Licorice  paste.  Spanish,  solid. .  ,go1d 

Madder,  Dutch **  e^.^ 

Madder, French ••  8W« 

Hatg>ills,hlne  \leppo Hxa 

or.  vltnolf«6  degrees) jy^ 

Opium,  Turkey  — (In  bon'1),gold.  4  25    a 

PrnssUte  potash, yellow,  am !B!<a 


17 


23 


17  a 
28  a 

»xa 

4  25    a 
16MS 
173    9 
...      fa  40  00 

8xa 
w'a 

2USI3 

u  a 
««a 
38)ia 

8X« 

5ya 
a 

a 
a 
a 
a 


4  Sl^ 

59 
45 

7 


17 
12 
36 
25 
20 


aulcksllver gold.  T 

Qntnlne cur.  2  IfS  a 

Rhaharb,  China, good  to  pr ft  ft.  60  a 

Bal  soda,  Newcastle ^old  I  85  a 

Shell  I.ac  45  a 

Soda  ash,  ordinary  togood gold  1  95  a 

Btlgar  of  lead,  white 18  a 

Vitriol,  blue.commoo BKa 


FISH— 


1  15 
IS 
13 
8S 
28 
30 
8 

7« 
16 
!V 
4  87>1 

78" 

1  5(V 

1  45 

59 

225 

'ex 


ChBorge*s  and  Oran1  Bank  ood 5  oo 

Mackerel.  No.  1,  shore  (new) 25  00 

Mackere!,  No.  1,  Bay       18  no 

Mackerel,  No.  2,  shore  (new) 1«  00 

Mackerel,  No.  2,  Bay J6  oo 

FLAX- 

Rortb  River,  prime 1>  >       15 

FiUIT- 

Bauins,Seaaiess.  new |  00 

do     Layer, new 

do     Sultana, new 14    ^ 

io     Valencla.ncw lOVa 

<o     Loose  MnscateUoev 8  03   a 

Uarrants,  new a 

Dltron.Leifhorr.new 

Pruues,  Turkish 

do        French,  uew 

Dates. new    ... 

Fl(n,  new 

Canton  Qlnger  fi  case. 

(ardlnes,»h».  box cnr. 

iardlnei,  #  or  nox •• 

Macaroni,  Italian 

Domestic  Dried— 
Appies.  Southern,  sliced,  1875  crop. 

do  "        quarters  

do      State, s'lc-l 

do  do    quarters 

do      Western,  quirters 

Peaches,  oared  Western  

do      do  Gi.  (tool  a'ld  prim* 

do       t\  '     N.  Ca  ollaa,  nrlme.  ... 

do     unpared.  halvesand  qrs 

Blackberries , new 

RMpberrles.  new  

Clierrlei 84 

P'tims     .       

HUMP  AND  JUTB— 

American  dressed V  ton.  190  ^0 

Amerlcai.  audressed 1S5  Dd 

Russia, clean gold.2.»)  10 

Italian "260  00 

Kanlla 9m 

Blaal 

.inta ; 


/nore  Prtcf. 


_     6  25 
a  26  00 

a  20  00 
a     .. 


•    385 


22M« 

5\a 

7H® 

»■% 

....a 

'•Ska 
....a 

9j<a 

9  a 

10  a 

9X9 


14    at 

....a 
Ilk  4 
M  a 


140 
7 

'«■■ 
14 

i  00 

14 


9X 


GUNPOWDER- 

BLASTINO,  POB    KATLROADfl,  AO. 

Boda.ary  Size  ^ralo.  Hi  251b  k:|(d 12  50 

Saltpetre          do                do         8  00 

SPORTIMO.     . 

Electric,  Nos  1  to  5  gral  ,,  in  1  »  sq.  cans 1  00 

Diamond  Rraln,  In  Ife  cans 100 

Oraiiuc  llghtriluK,  Noj.  i  to  J,  in  lib  canj 1  00 

6'inerfl  <•- r-atfh  sporiinf.  In  lib  ovh]  cans 70 

Amen  an  sporting,  In  lib  i^val  cans  ,.  70 

OraxKeducking,  Nos.  1  to  5.  in  >ibcans. 70 

nuck  Sh   oIIukN  s.  I  ti>  9,ln6Ulb  kegs 3  44 

Ea^ie  duck  sliuoti  t«,  N01.  <  to  8,  In  e)^  1bki;ga  8  41 

Urtti'ge  '.lucklnK.  Nos.  ItoS.  ln6H  lb.  keKS    .  3  44 

Kaglo  luck  siiootlnir,  Noi.  1  tu  3.  U^lb  kegs,  6  M 

Duck  Shoot'ni?,  ..OS.  I  to5  gr.,  r^Klbs 6  88 

Hazar  I'K  Ke  tucKy  r  fie,  I       valllbc«ns 49 

linpon  'b  rifle   Kg.  Fi'V,  FFFg  lib  cai.s 45 

Dupont's  1  fl:-,  FH'i.  KKFg,  eiilbs 145 

Hazard's  Ken  uck    rlBe.  KPFg,  FKg,  and  Sea 

Shoot  ng  Kg.    6Utb  kegs 145 

Dnpinf    rifle,  FKir,  FFFg,UXii>  k'gs  2  62 

Uaza-.1'sKe  iuckv  •  ifl  1,  FFF,<,  (Fg,  and  Sea 

ShootlngFif,  i;>ilb  kers  1  62 

Orang    r  fl !,  Kg,  K*-g,  FFirg.iJlb  ke^s  4  75 


a    '    25 
a       20 

asi^  00 

®I4.1  00 

e'«5  00 

w2;5  00 


SDKNIEB.— See  report  anaor  Uotton. 


jxa 

4!4a 


4  75 

4  75 


75*        90 


19  a 

20S9 

uxa 
...a 

19H* 

20  a 
18  a 
i6Ka 
i6>4a 

a 


19 


15 


10 


10  a 
10  e 

HMO 

...  a 

94ia 


13X 

is" 

14 
13 
lOM 

iiji 

n 


Hai  ,r  re  Kentucky  r.fle,  Fg,  FKg,  FFFg.  iSlb 

I'egs 

Dupont'  rifle  In  251b  kegs 

HAI- 

ShlDP'cir. V100« 

aiDBS- 

i>rv— Buenos  Ayres,  selected,  gold 

Montevideo,  do..,.  *' 

Corrlentes,  do....  *' 

Bio  Graade,  do,...  •* 

Orinoco,  do..,,  •* 

California,  do..,,  ■' 

Matam.  and  Mex,  as  thqy  ran  ** 

Maracalbo,  do....  ** 

Babia,  do....  ** 

X>ry  iSalMd— Maracalbo,  do " 

Chill,  do..,.  •• 

Pernambuco,  do...,  " 

SavanlUa,  do...,  ** 

Bahia,  do....  •■ 

(Tel^aaed—Baen.  Ay, selected  " 

Para,  do  ...  " 

California,  do..,,  •• 

Texas,  do cur. 

£. /.  stocX;- Calcuttaslaught...  gold 

Calcutta,  dead  green " 

Calcutta  buffalo ...,  *' 

IROK-- 

Pig, American,  No.l 25  00   a  24  00 

Pig,  American, 1.0. 2 21  00    a  2' 00 

Pig,  American,  Forge 15  50   a  19  no 

Pig,  Scotch    39  00    a  S3  00 

Store  fricM, 

Bar,  Swedes, ordinary  sizes 130  00   ai40  00 

Scroll 77  50    ai23  50 

Hoop 82  50    a  183  50 

Sheet,  Russia,  as  to  ftSflort gold.       12Va       18 

Sheet,  single,  double  &  trehle.com.        4i4a        i\ 

Ralls,  KngUsh gold.  In  bond.  35  00    a  31  On 

do    new.  American cur.  45  00   a  48  00 

LEAD— 

Ordinary  foreign »  100  lbs,  gold  7  nn%    .... 

Domestic "     5  90   a    6  00 

Bar tx\    .... 

Sheet »)i9    .... 

LEATHER- 
Uemlock.Buen,  A'res.  h.,m.Al 

'•        California,  h.,  m   A] 

"       comm'n  lildti,  h.,  m.  &1 

**       rough 

SlaughtTcrop 

Oak.  rnitijrh 

Texas,  crop 

M0LA8SKS— 

Cuba,  centrifugal  and  mixed 

Cuba.clayed 

Cnha,  MuB.,  refining  grades 

do      do    grocery  grades. , 

Barhadoes 

Demerara 

Porto  Rico 

N.  O.,  fair  to  choice  new{....1)  gal. 
NAVAL,  STORES— 

Tar,  Washington 

Tar,  Wilmington   

Pitch,  city 

Spirits  turpentine 1^  gal. 

Rosin,  strained  to  good  strd.V  bbl. 

••     low  No.  1  to  go'^d  No.  I 

"     low  Vo.  2  to  good  No.  2 

'•     low  pile  to  extra  pale 

••     wludowgla-B 


.K  0 

?3i4« 
23H3 

35  a 

31  a 

26  a 

81  a 

22  a 

30  a 

30  a 

34  a 

40  a 

ss  a 

33  a 

K  a 


37X 

i6>i 

26 

26 

85 

Ui 

34 

2^ 
32 
31 
38 
41 
45 
50 
60 


.,,.     a  325 

....    a  225 

3  l^H9  3  2< 

...a  37 

1 70  a  -  - 

2  62H9 

1 85  a 

3  75    a 

.  ..   a 


1  7 
8  12H 

2  25 

5  SO 

6  50 


OAK  CM— navy  to  best  qaality . . .  •  ft . 

oil.  C4KB- 

City,bag gold 

Western cnr. 

0IL8- 

Cotton  seel,  crude  

Olive,  in  casks  (C  gall 

Linseed,  casks  ani  bbls., 

Menhaden,  prime  L.  I.  Sound 

Neatsloot 

Whale, bleached  winter 

Whale,  Northern 

Sperm, crude 

Sperm,  bleached  winter 

Lard  oil.  Winter „ 


7Xa        »X 


42  DO    a  46  00 

46  00   a    .... 


54  a 

61  a 

42  a 

85  a 

IS  a 

70  a 

1 60  a 

-.-  a 

1 03  a 


55 
1 20 

.63 


1  65 
1  90 
1  OS 


ILK- 

Tsatlee,  Nos.  1  to  4 *  n  5  00    («  5  75 

Tsatlec,  re-reeled 4  15    61  5  50 

TaysHain,Nos,  I  ft2 4  SO   a  5  >'J 

Canton,  re-reeled  No.  ICotligoun.,  4  75    fe.  5  CO 
Si'KM'KU- 

Forclgii '.00  B.xold.  7  15    a  7  40 

Domestic cur.  7  80   a  7  40 

8PICKS- 

Pepper,  BatavU gold  ...,a  .... 

do        Singapore uya 

do         white 2<   a  24)4 

Uasslu,  China  Llgnea 38    a  33H 

do       Batavla SO    a  23 

Ginger   African lOVa  11 

do     ualcatta 9Ma  >V 

Mace  110   a  1  "K 

Nutmegs,  Batavla  and  Penang 98   a  1  05 

Pimento,  Jamaica 13xa  14 

Cloves 46    a  48 

do    stems  I'Ma  17 


PKTROLEITM— 

Crude,  in  balk 

Cases 

Refined,  standard  white.. 
Naphtha.  City,  bbls 


7   « 


sxa 


1H 
19H 

13 

9« 


PROV18ION8- 

Pork  new  mess »bbl. 

Pork,  exlra  prime " 

Pork,  prime  mesp  ol     " 

B'lel.  plain  mess,  new ** 

Boef.extra  "i*-**?.    "    •* 

Bepf  hams,  West.  sum. cured,.    " 
Hams,  smoked  .                  .„  ...V  ft 
Lar  *,  City  steam,  nominal 

RICR- 

<;arolinR,faIrto  choice 

Louisiana,  good  to  prime . 

Rangoon,  In  bond gold, 

Patna . 

8ALT- 

Turks  Island 

Si.  Martin's 

L<v«rnuo<  .▼•Tloai  sort* V  sank. 

SALTPETRE— 

Refined,  pure Vft 

Crude gold 

Nitrate  soda " 

8BKD— 

Clover,  Western V  ft. 

Timothy ^  bash. 

Hemp.forflgn , 

Fl&x,  rough.... 


15  50 
19  50 
10  50 
It  50 
21  SO 


14H» 

13  a 


»  21  25 
a  16  00 

a  20  00 
»  .... 
a   .... 

'9  23  00 
15 


AH* 


!x 


3PIRITS- 

Brandy,  foreign  brands fi  gall. 

Rum— Jam.,  4th  proof •' 

St.  Croix, 3d  proof " 

Gin " 

Domestic  {fouors- Casta . 

Alcohol  (90  per  ct)  C.  ft  W cnr. 

Whiskey " 

8TBEL- 

BngUsh,  cast,2dAlstquallty  fiftgold 
English.  sprlnn.Sd  &  1st  quality..  " 
English  blister, 2d&  Islquallty..  " 

English  machinery " 

English  German, 2d  &  1st  quality  " 

American  blister car. 

American  cast.  Tool 

American  cant  spring 

American  machinery 

American  (jennac  spring 


7!4a  IH 

....»  35 

....a  80 

1  60    a  2  60 


. gold. — -^ 

8  90  a  15  00 
3  65  a  7  00 
3  45    a    8  65 

3 00  a  S2S 

2  23    a 

.1  isHa     •■•■ 

store  Fricet. 


5M« 

3xa 

13KO 

i  50  a 
1 93  a 
a 


UaiMd  CalontU  «i  56»gola  (Ume).   2  03>ia 


13« 
5X 

is 

IS 
3  00 

170 
2  03 


14S< 

6sa 
9  a 

9X® 

loxa 


BDGAR- 
Uuua,int.topom.  reCr'ng 

do   fair  to  iood  refining 

do   prime,  refining 

do   fair  to  good  grocery 

do   centr.hhds.A  bxs,  Nos.  8@18 

Molasses,  hnds  &  bxs 

Melado 

aav'a,Box,D.  B.  Nos.7a9 

do         do         do    10ai2 

do         do         do    isais 

do         do         do    16ai8 

do  do  do    IKf^^ 

do         do  white  .. 

Porto  Rico, refining, com.  to  prime, 
do        grocery,  fair  to  choice. . 

Brazil,bags,D.  ».NoB.9all 

Java,  do.  D.S.,  No«.10'al2 

Manila,  cuper'or  to  ex.  sup 

N.  (>.,  refined  to  grocery  grades-. .., 
iJe/lTted— Hard,  crushed Vft 

Hard,  powdered 

do      grannlateu 

do      cut  lost 

Soft  white,  A.  standard  centrix... 
do      di^      oif  A 

White  extra  C  

Yellow       do 

Other  Tellow 

TALLOW— 

Prime clty,»  ft 

Western,  V  ft 


BM» 
8Ka 

jsa 
7  a 
5  a 

7)4 '« 

si<a 

9  a 
9!ia 

10s  « 
9va 
7),  a 
8xa 

7M«( 
8X@ 

...a 

.lOK® 

ivna 

10  xa 
I'xa 
joka 
10  a 

9sa 
9)4  a 

8)48 


loxa 
10  a 


Hyson,  Common  to  fair cur. 

do     Superior  to  fi^e 

do     Extra  fine  to  finest ^.. 

do      Choicest 

Toung  Hyson,  Con.,  to  fair 

do         Super. tu  fiue 

do      Ex. fineto  finest 

do       Choicest , 

Bonpowder,  com  to  fair 

do  Sup.tofine 

do   Ex.  fine  to  finest 

do   Choicest 

Imperial, Cnni  to  fair 

1.0        Sun. to  fine 

do        Rxtraflnetoflnest 

Ryson  Bkin.4  Twan.  com.  to  fair. 

do  do      Snp.toflne 

do         do      Kx  fine  to  finest 

0nco1ored  Japan, Com. to  lair 

00  Sup'rtofine 

do         Bx.finetofinest 

Oolong,  Common  to  lairaM* 

do     Superior  to  fine 

do     Ex  fineto  finest 

do     Choicest 

Bouc.ft  Cong..  Com.  to  fair 

do  Sup'rto  fine 

do         Bx.finetofinest 


1  (0  a 

29  a 

38  a 

58  a 

28  a 

25  a 


84 
46 
60 
28 
37 
57 
85 
25 
36 
55 


TIN- 

Sanca 

Straits 

English 

Plates.  I.  Ccharcoal , 

Plates,char.terne 


gold. 


16 

en 

14 

lox 

la 
9 
10 


IK 

'ii 

8* 
9H 
lOK 
II'X 
lOX 

8X 
8K 
8« 
8M 


ICM 
9» 
9K 
9H 


lOH 


34 
45 
60 
85 
83 
52 
75 

1  10 
87 
54 
79 

1  !!0 
3i 
SO 
64 
24 
37 

nal. 
40 
54 
74 
88 
58 
78 
95 
82 
50 
77 

34 


...a 

19XS 

19  a 

7  so    a    77! 
6  87Xa    7  12M 


TOBACCO- 

Kentucky  Ings,  heavy 8  a 

leaf,     "      9Ha 

Seed  leaf— Connecticut  wrappers'73  20  a 

••             Ootin.  A  Mass.  fillers, 'TS.  7  a 

Pennsylvania  wrappers.  "72 18  a 

Havana,  com.  to  fine 80  a 

Manufac'd,ln  bond,  black  work 17  a 

••    bright  work 2S  a 

WOOL— 

American  XX Vft  40  a 

American,  Nos.  I  *  2 88  @ 

American, Combing 50  @ 


Extra,  Polled 

No.l.  Pulled aj 

California.  Spring  Clip- 
Superior,  unwashed 30 

Medium 36 

Coarse 30 

Borry 15 

South  Am. Merino  unwashed 

Cape  Good  Hope,  unwashed 35 

Texas,  fine 23 

Texas,  medium 28 

Smyrna, unwashed gold.  17 


9 

IS 
45 

8 
85 
1  OS 
26 
50 


«S 
4) 


83 
30 
33 
20 


BINC— 
Sheet V  ft, gold, ne 


6«» 


FREIGHTS— 

,— araiiJ —       .— 

-Sill, . 

ToLlTBBPOOI,: 

8.  d.   It.  d.   9.  d. 

«.  d. 

Cotton V  ft. 

%  a  7-16    ... 

@     11-32 

Flour *  bbl. 

4  0  a     ..        3  0 

a   ... 

Heavy  gooiU.  .»ton. 

81  3    ass  0      25  0 

a    350 

Oil  

60  0    a....      40  0 

"*    .... 

Com.bnk  *  bgs.  *  bn. 

10X5....            9 

»  .... 

WlieaLbt^IkAbagB.. 

lOHa....     , » 

s     .... 

Beet « tee. 

90    a....        56 

a  .... 

Pork Wbhl. 

6  6    a....        4  0 

a    .... 

\ 


s 


/ 


13 


:::!#.• 


-•^^^ 


^■^■;^ 


••  • 


Ui 


m^m. 


"  ^.  ^^  '■ 


•AjlilS^ 


^-1 


k:"*^ 


<'^': 


•M^i^fcv>.:^*V: 


•^•,..«i^ 


•!• 


^      l:j^r 


v/^'.