April 13, 1878, Vol. 26, No. 668 - FRASER...xmm HUNT'SMERCHANTS'MAGAZINE....
32
xmm HUNT'S MERCHANTS' MAGAZINE. REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES VOL. 26. NEW YORK, APRIL 13, 1878. NO. 668. Financial. TBE National Bank-Note Co., (TSCORTORATED NOVBMBEB, 1859.) OFFICE, No. 1 TtTALI. STR££T, NEW YORK. Onlted States Bonds, Notes, Ciirreno7 and National Bank Notes. EXOBATIKQ AND PbC^TINQ OP B.INK-NOTES, STATE ASD RAILROAD BOin>& POSTAGE AND RETENITE STAMPS, C£RTIFICAT£S, DRAFTS. BILLS OF EJLCBANGS, AND COMMERCIAL PAPERS, in tbe highest etyls of the art with tptcial Hff4- ovarii devUed and patented, to pieTent counter teiling and alterations. This Company engraves and prints bonds, postage •lamps and paper money for Tarioaa foreign "Governments and Banlilng Institutions—South American, European, West India Islands, Japan, &c. Vommunleationa may headdretwed to thU Companjf in any language* J. H. VAN ANTWERP, Prea't. J. nArDONOlXill, Tice-Prea>U A. D. SREPARD, Treasurer. JNO. E. CUBRIEU, Secretary. Asa p. Poms, Prest. Sah'l PBiu.irs, Cashier. Maverick National Bank, BOSTON. Capital, ......... ^400,000 Surplus, ......... 200,000 Special attention (tlvcn to COLLECTIONS, and prompt remittances made on day of payment. Boston business paper discounted. Correspondence tOTlted. R. A. Lancaster & Co., BANKERS AND BROKERS, 60 BROADWAY', NEW YORK, PKALE>:8 IN Plrst'CIas^ Invostmeut Securities. OOVEKN.MKNT BONDS, STATE, CITV, COUNTT, RAILIiOAU& MISCELLANEOUS SECOBITIBS Bought and Sold on Commission. Tlrglnia Tax-IiecHvabU Coupona Bought. BOUTUERir SECVRITIBS X SPECIALTY. LOAMS NEGOTIATED. Financial. Banque Centrale Anversoise, Ant WE RP. Paid-up Capital, - - 9,000,000 Francs. BOARD OF DIRECTORS : Fklix Ori8\b, President. Alfbkd Maqdinay (Graff & Maqulnay), Vlce-Pres. J. H. Von der BaoKK (B. Von der UeckeJ. Otto Guntiikr (Corueille-Davld). EMir E UE GOTT\L. AD. Frank (Frank, Model & Cle.) Aug. Notteboum (Nottebohm Freres). Kb. Dhani.s (Mlchlcls-Loos). Jou. Dan- Fuhkm^nn, Jr. (Job. Dan. Fahrmann). Louis Wkiieb (Kd. vVeberA Cle.) Jui.K8 liAUTENSTBAt'cu (C. Schmld & Cle.) TRANSACTS A GENERAL BANKING BUSINESS. COKRBSPONDESCE SOLICITED. J. N. Pbttt. S. B. BOBTWICK, Member N.Y. Stock Exchange. Petty & Bostwick, 13 BROAD STREET, NEW YORK. Stocky Bonds, Gold and GOTcrnment Securities bought and sold for cash or on margin. Southern and Westvrn Stale, Municipal and Itall- road Securities made a apeclalty. MlQing Stocks bought and Eold at New York and ) San Francisco Exchanges. Corrcapondenco solicited. Financial. FISK & HATCH, BANKERS, No. 6 NASSAU ST., NEW^ YORK. n. S. Government Bonds bought and sold In amounts to suit Investors ; also Gold, Silver, and for- eign coins. Deposits received In Currency or Gold, and Interest allowed on Balances. Special attentloa paid to Investment Orders for Miscellaneous Stacks and Bonds. • NEW YORK, ISI Pearl Street. BOSTON. 70 Sute Street. A. H. Brown & Co., BaNKBRS and BROKERS, T W^all St., Cor. New, New York. LNVESTMENT 6ECU1UTLES. attention to business of country banks. Charles G. Johnsen, nERCIIANT A5iD BANKER, 166 GRAVIER STREET MBW OBI.BAN8, LA GOSSLER & Co., OOEEESPOXDEXTS OP International Bank or Hamburg and I.ondon, (Iilmlted.) HOUSE IN EUROPE, JOHN BERENBERG, GOSSI^ER Sc CO HAMBURG. Hatch & Foote, BANKERS, No. 13 WALI. STREET, BUT AND SELL GOVERNMENT BONDS, GOLD, STOCKS AND MISCELLANEOUS SECCIilTlES. Grant & Company, BANKERS AND BROKERS. No. 33 \r A li I. STREET, TUAN8ACT A GENERAL BANKING BUSINESS. STOCKS BOUGHT AND BOLD ON COMMISSION. INTEItEST ALLOWED ON DEPOSITS. B. ScTDvK Gbakt. O. St. John SnsnsLn. J. E.HAAK. J. BE5esTLEB. C. P. KnSnNKXUNnT Haar & Co., BANKERS AND BROKERS, 45 WALL STREET. DEALERS IN SPECIE AND CNITED STATES 8ECUKITIES. Buy and sell Stocks, Bonds, and Gold fur cash or on marKlii. S,it.clal attention paid to orders fi>r Investments. OUDKKS. FXkc|;TK1> AT THE PHILADELPHIA AND BOSrON STOCK E.1CUANUES Gwynne & Day, [EstablUhed 1854.] No. 16 Wall Street. Transact a generarbanklng and brokerage business In Railway shares and bonds. Government Securities and Gold. Interest allowed on deposits. Investments carefully attended to. The Bauk of California, San Francisco. Capital, Paid up in Gold, $5,000,000. D. O. MILLS, President. WM. ALVOKD, VloePros't THOMAS BUOWN, Cashier. Laidlaw & Co., BANKERS, AGENTS FOR THE BANK OF CALIFORNIA. No. 12 Fine St., New York. Receive deposits and transact a general banking buelness ; execute orders at the N. Y. Stock Exchange for Stocks, Government, State, Municipal and Rail- road Bonds and Gold, Particular attention elTen io tke pnr- ctaase and sale or Jniulns Stocks In San Francisco, for wblch we bare the best fiiellltles; also all other California Securities. Issue Dills of Exch lUtTe, Letters of Credit and Tela- graphic Transfers on London, Yokohama, Shanghai, Hong Kong, Honolulu, Virginia City and San Fran- cisco. Trask & Francis, BANKERS AND BROKERS, No. 7 NEW STREET, NEW^ YORK. Transact a General Banking Business. STOCKS, BONDS and GOLD Bought and Sold oa Commission, and carried on Margins. Deposits deceived and Interest Allowed. tr Accounts of Country Banks and Banken re oelved on favorable terms. Hilmers,McGowan & Co BROKERS IN FOREIGN EXCHANGE AND GOLD, 63 IVaU Street, New York. (P. O. BOX 2.S47.) Special attestlon paid to the negatlatlon et Com merclal klUs. Kountze Brothers, BANKERS, 13 W^ALL STREET, NEW YORK, Issue Letters of Credit, arallahle In ali paru of tlis Torld; also. Time and Sight BIIU on the UNIOS ANK OF LONDON. Cable Trsosfen made.
Transcript of April 13, 1878, Vol. 26, No. 668 - FRASER...xmm HUNT'SMERCHANTS'MAGAZINE....
xmmHUNT'S MERCHANTS' MAGAZINE.
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
VOL. 26. NEW YORK, APRIL 13, 1878. NO. 668.
Financial.
TBE
National Bank-Note Co.,(TSCORTORATED NOVBMBEB, 1859.)
OFFICE, No. 1 TtTALI. STR££T,
NEW YORK.
Onlted States Bonds, Notes, Ciirreno7
and National Bank Notes.EXOBATIKQ AND PbC^TINQ OP
B.INK-NOTES, STATE ASD RAILROAD BOin>&
POSTAGE AND RETENITE STAMPS,
C£RTIFICAT£S, DRAFTS. BILLS OF EJLCBANGS,AND COMMERCIAL PAPERS,
in tbe highest etyls of the art with tptcial Hff4-
ovarii devUed and patented, to pieTent counterteiling and alterations.
This Company engraves and prints bonds, postage•lamps and paper money for Tarioaa foreign
"Governments and Banlilng Institutions—SouthAmerican, European, West India Islands, Japan, &c.
Vommunleationa may headdretwed to thUCompanjf in any language*
J. H. VAN ANTWERP, Prea't.J. nArDONOlXill, Tice-Prea>UA. D. SREPARD, Treasurer.JNO. E. CUBRIEU, Secretary.
Asa p. Poms, Prest. Sah'l PBiu.irs, Cashier.
Maverick National Bank,BOSTON.
Capital, ......... ^400,000Surplus, ......... 200,000Special attention (tlvcn to COLLECTIONS, and
prompt remittances made on day of payment.Boston business paper discounted. Correspondence
tOTlted.
R. A. Lancaster & Co.,BANKERS AND BROKERS,
60 BROADWAY', NEW YORK,PKALE>:8 IN
Plrst'CIas^ Invostmeut Securities.OOVEKN.MKNT BONDS, STATE, CITV, COUNTT,RAILIiOAU& MISCELLANEOUS SECOBITIBS
Bought and Sold on Commission.Tlrglnia Tax-IiecHvabU Coupona Bought.
BOUTUERir SECVRITIBS X SPECIALTY.LOAMS NEGOTIATED.
Financial.
Banque
Centrale Anversoise,
Ant WE RP.
Paid-up Capital, - - 9,000,000 Francs.
BOARD OF DIRECTORS :
Fklix Ori8\b, President.Alfbkd Maqdinay (Graff & Maqulnay), Vlce-Pres.J. H. Von der BaoKK (B. Von der UeckeJ.Otto Guntiikr (Corueille-Davld).EMir E UE GOTT\L.AD. Frank (Frank, Model & Cle.)Aug. Notteboum (Nottebohm Freres).Kb. Dhani.s (Mlchlcls-Loos).Jou. Dan- Fuhkm^nn, Jr. (Job. Dan. Fahrmann).Louis Wkiieb (Kd. vVeberA Cle.)Jui.K8 liAUTENSTBAt'cu (C. Schmld & Cle.)
TRANSACTS A
GENERAL BANKING BUSINESS.
COKRBSPONDESCE SOLICITED.
J. N. Pbttt. S. B. BOBTWICK,Member N.Y. Stock Exchange.
Petty & Bostwick,
13 BROAD STREET, NEW YORK.Stocky Bonds, Gold and GOTcrnment Securities
bought and sold for cash or on margin.
Southern and Westvrn Stale, Municipal and Itall-
road Securities made a apeclalty.
MlQing Stocks bought and Eold at New York and)
San Francisco Exchanges.Corrcapondenco solicited.
Financial.
FISK & HATCH,BANKERS,
No. 6 NASSAU ST., NEW^ YORK.
n. S. Government Bonds bought and sold In
amounts to suit Investors ; also Gold, Silver, and for-
eign coins. Deposits received In Currency or Gold,
and Interest allowed on Balances. Special attentloa
paid to Investment Orders for Miscellaneous Stacks
and Bonds.
• NEW YORK,ISI Pearl Street.
BOSTON.70 Sute Street.
A. H. Brown & Co.,BaNKBRS and BROKERS,
T W^all St., Cor. New, New York.LNVESTMENT 6ECU1UTLES.
attention to business of country banks.
Charles G. Johnsen,
nERCIIANT A5iD BANKER,
166 GRAVIER STREET
MBW OBI.BAN8, LA
GOSSLER & Co.,OOEEESPOXDEXTS OP
International Bank or Hamburg andI.ondon, (Iilmlted.)
HOUSE IN EUROPE,JOHN BERENBERG, GOSSI^ER Sc CO
HAMBURG.
Hatch & Foote,BANKERS, No. 13 WALI. STREET,
BUT AND SELL
GOVERNMENT BONDS, GOLD, STOCKS ANDMISCELLANEOUS SECCIilTlES.
Grant & Company,BANKERS AND BROKERS.
No. 33 \r A li I. STREET,TUAN8ACT A GENERAL BANKING BUSINESS.STOCKS BOUGHT AND BOLD ON COMMISSION.INTEItEST ALLOWED ON DEPOSITS.
B. ScTDvK Gbakt. O. St. John SnsnsLn.
J. E.HAAK. J. BE5esTLEB. C. P. KnSnNKXUNnT
Haar & Co.,BANKERS AND BROKERS,
45 WALL STREET.DEALERS IN SPECIE AND CNITED STATES
8ECUKITIES. Buy and sell Stocks, Bonds, and Goldfur cash or on marKlii. S,it.clal attention paid toorders fi>r Investments.OUDKKS. FXkc|;TK1> AT THE PHILADELPHIA
AND BOSrON STOCK E.1CUANUES
Gwynne & Day,[EstablUhed 1854.] No. 16 Wall Street.
Transact a generarbanklng and brokerage business
In Railway shares and bonds. Government Securities
and Gold.
Interest allowed on deposits.
Investments carefully attended to.
The Bauk of California, San Francisco.
Capital, Paid up in Gold, $5,000,000.
D. O. MILLS, President. WM. ALVOKD, VloePros'tTHOMAS BUOWN, Cashier.
Laidlaw & Co.,BANKERS,
AGENTS FOR THE BANK OF CALIFORNIA.
No. 12 Fine St., New York.Receive deposits and transact a general banking
buelness ; execute orders at the N. Y. Stock Exchangefor Stocks, Government, State, Municipal and Rail-
road Bonds and Gold,
Particular attention elTen io tke pnr-ctaase and sale or Jniulns Stocks In SanFrancisco, for wblch we bare the bestfiiellltles; also all other California Securities.
Issue Dills of Exch lUtTe, Letters of Credit and Tela-
graphic Transfers on London, Yokohama, Shanghai,
Hong Kong, Honolulu, Virginia City and San Fran-
cisco.
Trask & Francis,BANKERS AND BROKERS,
No. 7 NEW STREET, NEW^ YORK.Transact a General Banking Business.
STOCKS, BONDS and GOLD Bought and Sold oaCommission, and carried on Margins.
Deposits deceived and Interest Allowed.
tr Accounts of Country Banks and Banken re
oelved on favorable terms.
Hilmers,McGowan& CoBROKERS IN
FOREIGN EXCHANGE AND GOLD,63 IVaU Street, New York.
(P. O. BOX 2.S47.)
Special attestlon paid to the negatlatlon et Commerclal klUs.
Kountze Brothers,
BANKERS,13 W^ALL STREET, NEW YORK,
Issue Letters of Credit, arallahle In ali paru of tlis
Torld; also. Time and Sight BIIU on the UNIOSANK OF LONDON. Cable Trsosfen made.
11 THE CHRONICLE. [Vol.. XXVI.
Foreign Excbaiige.
Drexel, Morgan & Co.,waLiIj street,
coenee op broad, new yorz.
Drexel & Co., I Drexel, Harjes & Co
No. 34 SOTJTH Thied St., SI Boulevard Haussmann
Fbiladelphla. | Paris.
DOMESTIC AND FOREIGN B.^^NKEES.
Deposits received subject to Draft. Securities. Gold.
&c., bought and sold on Uommlseion. Interest allowet;
on Deposits. Foreign Exchauge. Commercial Credits.
Cable Transfers. Circular Letters for Travelers,available in all parts of the world.
Attgrnbts and Aqknts of
IHessrs. J. S. MOKG4N & CO.,No. 22 OLD BROAD ST.. LONDON.
Brown Brothers & Co.,No. 59 \irAIiIi ST., N. V.,
laeue, against cash deposlKd, or satisfactory guaran.
tee of repayment, Circular Credits for Travelers, In
dollars for use in the United States and adjacent
countries, and In pouTids attrlinff for use In any part
of the world.
THEY ALSO ISSUE COMMjERCIAL CREDITSMAKE CABLE TKANSFEIiS OF MONEY BE-
TWEEN THIS. COUNTRY AND ENGLAND, ANDDRAW BLLLS OF EXCHANGE ON GREATBRITAIN AND IRELAND.
S. G. & G. C. Ward,'AGENTS FOB
BARING BROTHERS & COMPANY,52 WALL STEEKT, NEW YORK.
28 STATE STBEBT, BOSTON.
"j\~& jrStuart &~Co^33 NASSAU STREET.
BILLS OF EXCHANGE ONSMITH, PAYNE & SMITH'S,
BANKERS, LONDON ;
MANCHESTER & COUNTY BANK,"LIMITED";
JOHN STUART & CO., Bankers,MANCHESTER, PAYABLE IN LONDON ;
UIiSTER BANKING COMPANY,BELFAST, IRELAND;
AND ON THENATIONAL BANK OF SCOTI.ANI>.
ALSO,
CABLE TRANSFERS ANO LETTERS OF CREDIT
J.&W. Seligman&Co.,BANK BK8,
COUKKK HUUA1» bTUK.KT. NBW ^ OttK.
iHHae Letters of Oretllt Uvr TIavel^r^5
Fsyable In any pun of Kuru(>e, Aoia. A.tru u. AudcruiiA
and Am«rlc--.
feru of money on Kivropp Ami ^'rtMf-.rntn
John Munroe & Co.,No. 8 Wall Street, New York,
No. 4 PoHt OlHee Sqaare, Boston.CHEQUES AND CABLE TRANSFERS ONMUNROE & CO., PARIS.
STERLING CHEQUES AND BILLS AT SIXTYDAYS' SIGHT ON
ALEXANDERS & CO., LONDON.
CiBom^ Notes anp Crbdits fob Tbatzz.bb8.
Knoblauch
& Lichtenstein,BANKERS,
89 \Yilllam St., cor. Exchange Place,NEW YORK.
Make Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Letters of Credit
all principal cities of Europe.
SPECLAL PARTNER,DEUTSCHE BANK. Berlin.
G. Amsinck & Co.,ISO Pearl Street, Neiv York.
AeSNTS FOB THB
LONDON AND HAN8GATIO BANK,(LaiITBI».-LONDOH.
Canadian Banks.
AGEKCV OF THE
Bank of British
North America,No. 52 Tf'AI.L STREET.
Commercial Credits issued for use In Europe, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable in
London and elsewhere, bought and sold at current
rates; also Cable Transfers.
Demand Drafts on Scotland and Ireland, also on
Canada, British Columbia and San Francisco. Bills
Collected and other Banking Business transacted.
D. A. MaoTAVISH,G. M. MORRIS, ] Agents.
The Canadian
Bank of Commerce,No. 50 TTAIiIi STREET.
Capital,Surplus,
$6,000,000 Gold.$1,900,000 Gold.
Buys and Sells Sterling Exchange, and makes CableTransfers of Money,issues Commercial Credits available everywhere.
j'. h'. GOADBf . (Agents.
Merchants' BankOP ^
CA N A D A.Capital, - . - $0,200,000, Paid Up.President, the Hon. JOHN HAMILTON.
Vice President, JOHN MoLENNAN, Esq.
HEAD OFFICE, MONTREAL.GEORGE HAGUE, General Manager.
WM. J. INGRAM, Asst. General Manager.
BANKERS.LDNDON, ENG —The Clydesdale Banking Co.NEW YOKE—The Bank of New VorK.N. a. A,
National Bank of the Rcpuulic.
The New York Agency buys and sells Sterling Ex-change, Cable Transfers and Gold, issues Creditsavailable in all parts of the world, makes coliectiousin Canada and elsewhere, aid issues Drafts pay.. bleat any of the officer of the bank In Canada Demanddrafts issued payable lu Scotland and Irelaud, andevery description of foreign bauklng busluess under-taken.
Ne<tv York Agency, No. 52 lYllIIani St.,
wltb Messrs. JESUP, PATON & CO.
Bank of Montreal.
CAPITAL, -
SURPLUS, -
$12,0OU,000, Gold.
5,500,000, Gold.
QEORGH! STEPHEN, President
It. B. ANGUS. General Manager
NSW ronK oFricis;-
Nos. 59 &: CI ^VALl^ STREET.C. F. Smithees, ) «.,„„,.Waltke Watso.\, j-*^-™'"-
Buy and sell Sleniug Exchange, Francs and Cable
Transfers; grant Commercial snd Travelers" Cred-
its, available in any part of the world ; iesue drafts
on and make collections in dilcatrw aud throaghout
the Dominion of Candida.
London Oflice, No. 9 Blrchln Lane.
Exchange BankOF CANADA.
Capital Paid Up - - - $1,000,600.
HEAD OFFICE, MONTREAL.
,M. H. GAULT, Pres't. C. K..MURRAY, Cashier.
BRANCHES:Hajolton, Out.; Atlmer, Ont.; Paek Hm,, Ont.;
BBDFOSn, P. Q.
AOENTS:QUEBEC (CITY) .-Owen Murphy.NOVA SCOTIA.—Merchants' Bank of Halifax.
FOBEIGN AGENTS
:
LONDON.—The Alliance Bank (Limited).
NEW YORK.—The National Bank of Commerce.Messrs. Hltmers, McGowan & Co.
CHICAGO.—Union National Bank.BUFFALO.-Bank of Buffalo.
Sterling and American Exchange bought and sold.
Interest allowed on Deposits.
Collections made promptlf and remitted tor at low-
est ratea.
Canadian Bankii.
Imperial Bank of CanadaCapital, $1,000,000.
H. S. HOWL.\ND, President ; D. R. WILKIE, CasUIe;
HEAD OFFICE, TORONTO.Bbanohks :—ST. CATHERINES, PORT COLBORNB,,
ST. THOMAS, INGERSOLL, WELLAND.Dealers in American Currency and Sterling Exchange.
Agents in London:BosANQUKT, Salt & Co.,
93 Lombard street.
Agents in New York:Bask of Montrhal,
59 Wall street.
Promptest attention paid to collections payable Inany part of Canada.Approved Canadian business paper, payable in gold
or currency, discounted on reasonable terms, andproceeds remitted to any part of the United States bygold 9r curcency draft on New York.
The Bank of Toronto,CANADA.
Capital, $2,000,000. Reserve, $1,000,000.
HEAD OFFICE, TORONTO.Dtinqan Coolson, Casliler ; Hugh Lkach, Asst. CashBranches .at Montreal, Peterboro, Cobourg, Port Hope
Barrie, St. Catharines, Colliiigwood.BANKERS:
LtiwnON, England.—The City Bank.ic»nr Vrtor i National Bank of Commerce,ry BW K ore.
^,, ^ sniithers and W. ^Vatson.
Collections made on the best terms.
Foreign Bankers.
Adolph Boissevain & Co.U A N K. E K S
AND
COMMISSION MERCHANTS,AMSTERDAM, HOLLAND
N. Y. Cori-espondents.-Messrs. BLAKE BROS. Ss CO
Henry S. King & Co.,BAN K B R S ,
45 Pall mull, London, Eng;land.
Issue CIRCULAR NOTES /rctf 0/ cA arj?e, available
in all parts of the world.
Grant COMMERCIAL CREDITS for use againsi
Consignments of Merchandise.
Execute Orders on the London Stock Exchange.
Make Collections on all Points. Receive Deposit
and Current Accounts on favorable t«rme,and do
Genera] London and Foreign Banking Bnsiness.
KING, BAILLiE & CO., Liverpool.
Nt.W yOKK CORRESPONDENTS,
Messrs. W^KIt, C.^DIPBELL A: CO.
Boston Bankers.
Brewster, Basset & Co.,
B A >' K E IJ S ,
Mo. 35 roiVGitJiSS STREET,BovitOll. *S(tSA,
Dt^aiers In Stocks. Bi.uiis. '^old and Commercial
laper.
Orders executed on Commission at Brokers Board
Auetlons, aud Private Sale.
Investment Securities constantly on hand.
S«o. Wm. Ballou. Geobge H. Holt,Member N. Y. Stock Exchange.
Oeo.Wm.Ballou&Co8 WALL STREET, n DEVONSHIRE ST.,
I
New York, Boston,
BANKERS AND DEALERS IN
Municipal Bonds.
Chas. A. Sweet & Co.,BANKEBS
40 STATE STREET, BOSTON.
DEALERS IN GOVERNMENT SECU.U1TIES, Gold,
Btftte, Cltf, County and Railroad Bonds.
Apbil 13, 1878J THE CHRONICLE. HI
Boston Bankcn.
Parker & Stackpole,
BANKKliS, 78 BKVONSUIKB STRKKT,UONTON,
Hnr nnd Xvll U eatern Vltr •>'Oonuiir Houtla.
Philn. A. Biilllmoro Bankers.
Wilson, Colston & Co.,BANKKUS ANU BKUSSUS,
BALTIX.OKE.IHVBSTMKNT uid VIKOINIA BECBKITIKS a
•(MOlklCy. ^Correapoudenco lollclted and Infomatfon txu-
alslied.N. \. ('oaKanpoNnKVTO—MnKim Broihwr* * f^o.
J.Bell Austin,STOCK BROKER,
tOS WALNUT PLACK (316 WALNUT 8T.),
PHII.ADKL,PHIA.Order* Id &iuckii and Kuniie promptly executed atha PhlUdelpl)la and New l^ork HoardB.
Soiilhern Bankers.
>aos. r. IIIU.BB, s >. wtLUAm. jho. w. iau.«K
Thos. P. Miller & Co.,B A N K i: n s
,
noBiLK, AL.ABA:Vf A.bp«cul uttfUVioa paia tu cuUcclloDs. wltb prompt
ninltuui'iee m rurr«^nt rater uf exchau^e on Uh/ ofMrmeai.Oormpondentn. — Oermau Amerlcim Bitnk, Kew
7ork 1 LoaUlftuit NtitlonKi Itauu. New Orleaiu; Banlcyt U •orpool. Uv^rpO'-'i
James Hunter,p. O. Box SI. Savannah, Georgia,
AND
J A n[ E S HUNTER,26 Pine Street, New Ifork,
Broker and Dealer In Souttiem Securities. LoansNegotiated. Adrancea made on Securities placed In
mT bands Tor sale at current rate&.
RsirKEKNCBs.—Henry Talmadge A Co., and EugeneKeUy A OOm Kenr York; Southern Banlt. Savannah, Ga
THE CITY BANK OF HOUSTON,Capital, Iil500,000,
Houston, Te xas .
We Rive specl;!! attention to collections on all acces-sible points.OiBKCToRS.—Benjamin A. Botts. Pres't: C. S. Long-
cope, W. .J. Hut;ulns. F. A. Klce, C.C. Baldwin, W. U.BotlB. Kob't Brewster. BENJ. A. BOTTS, Pres't.
It. F. WKKMs. c'a»liler.
T. W. House,BANKER,
41 OIAIN ST., HOI7STON, TEXAS.
DEALtR IN
Gvlif Silver and Negotiable Seearities.
COLLBCTIOys MADE TBR0U9H0U1 TEKSIATS
Burs AND SELLS EXCHAKO ' ON ALL THEPKLNCIPAL CITIES OF THE UNITED
STATES AND EUROPE.
Western Banks.
Adams & Leonard,
BANKEBS,
DALLAS, TEXAS.
Heir York Correspondent Moody A Jemlaon
B. S. BvBBCss, Prea't. A. K. WaxjtZB, Casbiet.
First National Bank,tVILMINWTASN, M. c.
CoUectlonfl marie nn all parts nt the United States
Wcfttcrn Banks.
C. F. PIXZIL, ) BTATK BANK, I C. T. WaLKXX,Prealdent. \ lucurporatcd UtS. ( Cashier.
German Bank,I.ITTL,E ROCK, ARK.
CAPITAL (Paid-is) $75,000.SOBPLt™ 25,000.Prompt attention Klren to all business In our lino.
N. T. Co»iiii«povnE\Ta. Konnell, Lavaon A Co. andtb cMetropoUIaa National Bank. , ^, ^h^
TB B
Anglo-Californian Bank(LIMITED).
LONDON, neudOftliv, .3 Ani,-el Court.
SAN FRANI'ISCO Office. 4,-U CalifurQla St.
NEW YORK A^i^nts, J. Jt W. Seiii::iiian& Co.
Authorized Capital, • - $6,000,000.Paid-up and Kcservo, - 1,55 0,000.
Transact a geiteral Banking Duslness. Issue Commerclttl Credits aud Bl)l» uf Kxcbantte, avuUable In all
parta of the worM. t'oliecttoua and orders for Bonds.
Stocks, etc.. cxeruted npon the most favorable terms.
FUKD'K F. LOW, ( u«nai,..ralONATZ STKINHART, ("""*""•P. N. LIL1KNTHAL Cashier.
Exchange Bank,DENVER, COLORADO.
Capital Stock, -~^-
• - $2.50,000
Capital Paid-in, . . . 185,000
F. J. EBERT, Pres't. A.J. WILLIAMS, Vlce-Pres't.S. G. COLLINS, Cashier.
CORRKSPONDENTS.Nkw Yobk—Tradesitien's National Bank.San Francisco— Wells. Fargo & Co.'b Bank.Especial attention fclven to Collections, and Re
mlttancea promptly made.
Th Nevada BankOP SAN FRANCISCO,
SAN FRANCISCO, CAL.
Capital, fully paid In coin, $10,000,000Reserve, ..... . 2,500,000
LOUIS MoLANE, President.
J. C. FLOOD, Vice-President.
H. W. GLENNY, Cashier.
CORRESl'ONDESTS:LONDON SMITH, PatnB a SxiTHS.NEW YORK TuK Bask of Nkw York, N. B. A
The Bank of New York, N. B. A., Is prepared to Issue
Telegraphic Transfers, Letters of Credit and Drafts
on The Nevada Bank of San Francisco.
Financial.
A. C. Burnham,[Gstablislied ISfil.l CHAMPAION, ILL.,
OFFERS FOR SALEREAL ESTATE FIRST MORTGAGE
COUPON BONDS,In amounts of tl.lOO and upwards, yielding EIGHT toTEN per cent seinl-annuat Interest, and negotiatedthrough the houaes of
BUrtXIIAM. TimVliTTA MATTIS, Champaiax, lU.BU/INHA if it TULLKYS, Council BIu/Th, Iowa.BURSUAM <t BUYER. Grinnell, Iowa.
All these loans are carefully made, after personalInspection of the security, by members of the abovefirms, who, living on the ground, know the actualvalue of lands and the character and responsi-bility of horruwerc, and whose experience In the busi-ness for the past SIXTKKX YEARS has enabled themto give entire satisfaction to Investors.
L'^nubual facilities ottered for the prompt collectionof defaulted muulclpal bonds.
financial.
A Solid Ten Per Cent.OliD AND TRIED.
Bonds. Stocks, SAVINGS BANKS EVEN, provebrlllle reeds. The old CKNTRAL ILLINOIS LOANAGKNiJY stinds uiiinuvt;d amidst the storm. If youwish Investments ABDLUlELV h,\FE IN ANYCONTINGENCY, address, for circular—" Actuary ofKANSAS. MlSSOUl'.l & CENTRAL ILLINOIS LOANAGENCY." jACK80MTtlJ.K. 111.
810P. C. Interest.
[owa Bonds & Morfgngcs
(IKO. W. FRANK & DAH"now, BANKERS and XeKOtla-tors of Loans, CornlnK, Iowa,
and 195 Broadway, WesitTn Union HUlg., N. \ .^luakcloans on tliR best improved farms In Iowa, at 8 t« 1per cent Interest. Always first Hens and Improvedt'amis; nevt:r exceeds one-third the cash valueof the land alone. The bonds haro couponsattached, and the IntercH Is pulU eoiiii ^luauaily, atthe Central National Banlc, In Kew York, and theprincipal, when dae, at the same bank. Several yearsexp<;rlence of the flmi In louilng baa sliown Uieseloans to be
PERFECTLY SAFE!The Interest and prln-lpal have always beeb paidwhen due, without th^- lunut of a dollar. Send for rull
printed particulars, or call at the New York otHceand ('xaminc maps and appllcaCloos for loans la sumsranging from «fi(X) to ^,m.
REFEh'BNCES:V7m. A. Wheelock, K»q., Preat.Cent-NatTBanlr, N.Y.Gllman, Son & Co., Uaukcrs, 4't Exchange Place, N. Y.H. C. FfthneMock. Ksq.. Kirsi National Bank, N. Y.Henry H.ralnier. K«q , New Brumiwick, N.J.Cha». .1. J*t'trr. Kso., htimfoni, Ct. ,A. J.OdWL Ksq., bec'y D. 1.. A W. UK. Co.Aaron llealy, Ei*q., 5 Kerry etrcek N. Y.Edwards & odell. Attorneys, S3 William street, N. T.
ARENTS & YOUNG,No. 9 NEW 8TUEET,
NEW YORK.
Dealers in
Southern State Bonds,
City Bonds,
Railroad Bonds,
Overdue Coupons.
We Far tlie Higliest Marliet Rates for
Atlantic & Qnlf Consolidated Bonds.
Central Georgia Consolidated Bonds,
Coluicbla & Angaata First Hortgftge Bond«,
Georgia Railroad Bonds,
Greenville & Columbia Guaranteed Booda,
Mobile &, Ohio Sterlings,
Macon & Augusta Firsts Endorsed,
Memphis & Charleston Firsts and Second!,
Mississippi Central Firsts and Seconds,
Mississippi Si Tennessee .A and B Bonds,
Montgomery & West Point Firsts,
Kew Orleans & Jackson Firsts and Seconds,
Northeastern Railroad of South Carolina,
Sonth Carditia Railroad Firsts,
Western Railroad of Alabama Bonds,
Alabanu Old Bonds,
Sonth Carolina Approved Consola,
South Carolina Old Bonds,
Louisiana Old Bonds,
Virginia Consols,
Virginia Tax Receivable Coupons,
Memphis City Bonds and Coapooi,
NiW Orleans City Bonds,
City of Savannah Bonds and Conpons,
FOR SALE:
Alabama Class A Bonds,
South Carolina Consols,
Lonlsiana Consols,
Mobile City Bonds.
Stocks and Bonds bought and
Sold on Commission for Ciisb or
on 7IarKi»>
CORRESPONDENCE SOLICITED AND
QUOTATIONS FURMSHED.
IV THE CHUONICLE. [Vol. XXVL -
Financial.
UNION TRUST CO.OF NEW YORK,
No. 73 Broadway, Cor. Kcctor St.
CAPITAL, - -^J^ . - $1,000,000.
HAS SPECIAL FACILITIES FOR ACTINS AS
Transfer Agent andRegistrar of Stocks.
Anthortzed by law to act as Executor, Administra-tor, Quardlan, Receiver, or Trustee, aad Is a
i.e:gai. depository for money.Interest allowed on Deposits, which may be made
and withdrawn at any time.N. B.—Checks on this Institution pass through the
Clearlng-House. EDWAKD KING, I^esiaaU.J. M. McLean, Ut Vice-Pi'eMdent,Wh. WmiKWKiaHT, %d Vice Pre-'ddent.
EXECUTIVE COMMITTEE.J. M. McLeak, Samuel Willkts,Augustus Scheix, "Wm. Whitewright,E. B. Wesley, Geo. Cabot Ward,G. G. WiLLLAMs, Theodore Roosevelt.
J. H. OGIIiVIE, Secretary.
The Brooklyn Trust Co.Cor. of Hontagite & Clinton sts., Brooklyn, N. T.
This Company iB authorized by special c^arter roBctM receiver, truBtce, guardian, execuior or admlbU-trator.It can act as agent in the sale or management of real
estate, collect Interest or dividends, receive registryanf transfer books, or m uke purchase and sale oi Gov*eruK tnt and ether pccuritiea.Religious and charitable institutions, and pereons
unaccustomed to tne transaction of business, will Andthis Company a safe and convenient depository formoney. KIPLKY ropes. President.
CHAS. R, MARVIN, Vlce-Prea't,SceAB M. CULLBN. Counsel.
TRUSTEES:J.B.Rockwell, Henrv Sanger, Alez.McCne.JobB F. Ralfe, Chas. R. Marvin, A. A. Low.Thomas Sullivan, AL>m. B. Baylls, HenryK. Sheldon,H.K. Pierrepont, Dan'l Channcey, John r. Martin,Alex. M. White, Joslah O. Low, Kipley Rones.
Austin. Corbtn. Edmund "W. Corlles.Wm. R. BUNKER, Secretary
Defaulted Bonds.' Special attention given to Compr.imlPlng. Funding,Buying or Selling Missouri County, Township andMunicipal Defaulted Bonds.Holders and dealers woubJ consult their Intere t.'» bv
conferring with us. Reliable Information cheerfullylumlbhed.
P. F. KEIiBHER Sc CO.,BANKE-RS AND BROKEKS,
ST- LOUIS.References.—Messrs. Clark, Dodge & Co.,Ppeyer &
Co,, New York ; E. W. Clark & Co., PblUdeJphia.
STOCKS and BONDSAt Auction.
The nnderslgned hold RKSULAR AUCTIONBALES of all classea of
STOCKS AND BONDS,OH
WEDNESDAYS AND SATDKDAT8.
ADRIAN H. 1HI:L.LI:R & SON,
No. T PINE STREET, NE5? YORK.
WALSTON H. BEOWN. 7BED. A. BROWN.
WalstonH . Brown& Bro.
BANKERS,34 Pine Street, New York.
BFBCIAL ATTENTION GIVEN TO THE NEGOTIA-TION OF
RAIliROAD SECCRITIES.
H. L. Grant,No. 145 BROADIVAY,
' NEW YORK.
CITY RAILROAD STOCKS & B0N1»!«
BOUGHT AND SOLD.
8«e qnotatlODB of City Railroads In this paper-
Geo. H. Prentiss,
Boom 23. 30 BROAD STREET.
OAS STOCKSA SPECIALTY.
Brooklyn Securities Bougbt and Sold
Financial.
St. Louis City.PBOPOSAIiS FOB GOIiD AND STER-
LING RENEWAli BONDS.Mayor's Office St. Louis, March 3% 1878.
By virtue of ordinanco No. 10,655, authorizing theissue and sale of bonds of the City of SI. Louissufficient to payS463 OJfl of bonds of the CITY, and$835,0. do of the ate COONTY of St. Lonis,
for which the CITY is liable, all maturine; duringthe fiscal year commencing April 9, 1878. sealed pro-
posals for the purchase of St. Louis City bonds,hereinafter deecribed, to the amount uf one mil-
lion three hundred and twenty-eight thousand dol-
lars (tl.328.0011), or two hundred and tixty-flve
thousand tlx hundred pounds sterling (£J8-5,6i:0), orany portion thereof over fifty thousand dollars
($50 000), or ton thou-and pounds sterling (£lii,0i:O),
will be received at ihe N.^TIONAL BANK OPCOMMERCE IN NEiV YORK, until 12 o'clock
noon of the twejitieth day of April, 1878, and pub-licly opened by one of the undersigned officers ofthe city at said place and hour.The awards, which will be subject to the approval
of the Committee on Ways and Means of eachbranch of the Municipal Assembly, will be finally
acted upon on or befure the twenty-second day ufApril. 1878.
t?aid bonds will be dated May 1, 1678, and will
each he of the denomination of $1,0.'0 U. 8. GOLDCOIN, or SOU pounds sterling, payable TWENTYYEARS after their date, and will bear inierest
from their date at the rate of five (5) per cent perannum- Semi-annual interest coupons of the de-nomination pf 185 U- S. L'old coin, or £5 Stirling,
payable on the flist day of November aim M.iy, re-
spectively, will be attached to each bond; and bothbonds and coupons wi 1 he payable to bearerti her at the National Bank of Commerce in NewYork, iu U. 8. gold coin, or at the office of J. S.
Morgan & Co., Li>ndon, England, in pounds eter-
iing,"at the option of the holder.Bonds muirt be paid lor in current funds, and will
be delivered at the National Rank of Commerce in
New York, or at the i ffice of the Comptroller of
the city ( f St Louis, viz. : tither the entire amountbid for ou May 1. 1878, or in instalments as fol-
lows: 41 per cent thereof oi? the Isi day of May,1878; 49 per cent on the Itt day of June; and theremainder on the 1st day of July, 1878, as thepurchaser may elect. In all cases of deferred pay-ments Ihe accrUL-d interest on the bonds to bepaid 10 the city.
Propo als must state the price i ffercd, in cutront
funds, per hind, and the place and date or dates
wh- n delivi ry is desireO; and must also be accom-panied by a deposit, iu current funds, at the Na-tional Bank of Commerce in New York, equal to
five (5) per d nt (f the amount of bonds bid for;
said deposit to be returned if proposal is not ac-
cepted, otherwise to be held as part pnrcha-emoney, or forfei led to the city in event of failure
or refusal on the part of the bidder to comply withhis proposal.All prop 'sa's ranst refer to this advertisement as
a portion of the agreement on the part nf the bid-
der; must be addiesseti to the undersigned, in caie
of Ihe National Bank of Commerce, in N. w Yoik,and be indorsed "PROPOSAL FOR PURCHASEOP SI. LOUIS CITY BONDS.'Tiie undersigned reserve the right to reject any
and all proposals, aid also the rivhi. in thi; event of
a pr muini being off red, to limit the number of
bonds to be issued accordingly.
A sample bond can be Been, and further informa-tion obt ined, at the ofHce of the Comiitroller of thecity of St. Louis, or at the Naiional Bank of Com-merce, in Ne > Yor \ or the National Bank uf the
Republic, m New Y"'k City.HENRY OVERS rOLZ. Mayor.E, L. ADRkOIN, Comptroller,
Albert E. Hachfield,18 WAIit STREET, NEW YORK,
nSALS IN
Flrst'CIasa Iiivestineut Secnrltles,
Clir BONDS OF ALL KINDS,
Railsoad Bonds axd Sobthern Skodeitiis of
ALI. DesOEIPTIONS.
WANTED.Routhern Rallroail Bonds, all kinds.Tolelo Loginsport & Burllneton Bonds.Kansas lacllic Railroa itonds.
Union * L'>s.tnspo t Bonds,luaianiprlls & \ incennts Bonds.
W.INTED.N irthorn Pacific i:n, Prefcre i tock and Bonds.Oregon Steam NavlKatl^n Co- Stock.Claims on .lay fool\e & Co.T xasPaelflcUK Lan. I Grant Coupon non-rs.
Jefferson. Ma Ison & ind- - K. Ist and 3d Mort. Bondssaiidu--kv Mnnsfteld & Newark liii. nonds-Clty, Uoiintj a id Town Beds of Ohio, Iowa & Wis.Lo'iiivii.eA- Nnshvl le RU. Stock.Fort ^^ay'eJiCK.& aglnaw iK. Ronds.Interest-paying llond- if Btiuihern Uallroads.Cain, li Kulti.n R . llontls, all lsi:ue8.
Kansas i acllic liullio.id liuiiis, all Issues.I'OH SALE.
Jersey City and ' ew llrunswlck 7 per ct bonds. 1897.
Win. .... tj'ri>KV, 31 Piue St., N. y..
WANTEU:Alabama, South Carolina Ic Ijoalslana
State Bonds;Neiv Orleans Jaoksou \, Ut. Northern,
nisBlHiiippl ('entral, and mobile6c QIilo Railroad Bonds ;
City of NcAV Orleans Bonds.I.EVY Sc BOBG,
S6 WALL STREET.
Financial.
Dakota Southern RR.FIRST nORTGAGE 7 PER CENT
GOI.D SINKING FUND BONDS.
Original Issue, $600,000. Cancelled by the Sinking
Fund, $I8,0C0. Amount now Outstanding $558,000,
being at the rate of $9,030 per mile of road.
The Dakota Southern Railroad mns from SiotaCity, Iowa, to Yankton, the capital of Dakota, a
distance of 62 miles. The road has been com-pleted and running five years; and duringthese years of business depression the net eamiTigt
over all expenses have each year exceeded, by morethan fifty per cent, the amount required to pay tiie
interest on its First Mortgage Bonds, while thenet earnings for 1877 were two and a-half timea
greater than the interest on its entire bonded debt.
The $568,000 first mortgage bonds are the only In-
debtedness of the company. We have sold during
the past two months over$350,0C0 of these bonds.
Wlien the balance is sold the company wlU beentirely free from floating debt. We are authorized
to sell the remainiug bonds at 90 per cent andaccrued Interest, at which rate they yield nearly
ei^ht per cent interest.
WALSTON H. BROWN & BRO.,
34 Pine Street.
Jones on Mortgages,A TREATISE ON THE LAW OF MOBTOAOESOF REAL PROPERTY. By Leonaed A. JoKKS.of the Boston Bar. 2 vols., 8vo. Law sheep. $13 00'
This Important work oii Mortgages presents the
common law of the subject, anl the modifications of
that law made by statutory enactments and Judicial
decisions, in a way to avoid confusion of ttatemefit,
and so as to enable one to ascertain as easily as possi-
ble the law on any p.trt of the subject for auy State la
the Union. It Is confidently anticipated that this
work win be found adequate and exhaustive In Its
important branch of law.
"." For sale by Booksellers. Sent, free of expense
on receipt of price, by the publishers,
HOUGHTON, OSGOOD & CO., BOSTON
THE I7NDER!>IGNED WIIiLi PUR-CHASE, at par and accrued interest to date, the
following coupotts:
Columbus & Indlanapslls Central Railway Company2d mortgige, due November 1, 1877.
Toledo Logansport & Burlington Railroad Cempanyl8t mortgage and Income, due February 1, 1878.
A.-ISELIN & CO.,
48 Wall Street.
VJOTICE.—THE EliEVENTH W^ARDl-' NATIONAL BANK, located at BOSTO.N', In the
State of Mas achusetts, Is closing up Its affialrs. AHnote-holders and others, creditors of said association
arc, therefore, hereby notifiel to present the notes
and other claims against the association for payment.
GEO. S. WHEELWRIGHT, Cashier.
Boston, March 20, 1878.
Gregory & Ballou,STOCK AND BOND BROKERS,
6 W^all Street, Newr York.
STOCKS. BONDS and GOVERNMENT SECURITIES bought and sold on commission, for cash or onmargin.
CH XS. GREGORY, MiTUUIN BALLOU.Member N. Y. StocK Exchange.
W. A. EVANS. JA8. OAMBBON.
W. A. Evans & Co.,DEAIiERS IN STOCKS,
38 Broad Street and 34 New Street,
NEW YORK.
All active Stocks dealt In on one per cent margin
CommlssloB 1-16 of one per cent ou 10 shares and
upwards.
G, T. Bonner & CoT,BANKERS AND BROKERS,
No. 2U Broad Street, Nenr York.
W^ANTED:Jeffersonvllle Mad. & Indianapolis UR. Ut Mort. B ds.
Indianapolis & VIncennes Rli. 1st and 2d Mort Bonds.Mobl e * I hlo Railroad let Mortgage bonds.Central New Jersey Land Improvement Co. Stock.
FOR SAI.E:St. 1 0"is Vandalla & Terre Haute KR. 1st Mori. B'd»Louisiana ttdte 7 Per Cent Consol. Bonds..Memphis City 6 Per Cent Compromise Bonds.Niagara Falls International Bridge Co- stock.
xmtltHUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
YOL.-26. SATURDAY, APRIL 13, 1878. NO. 668.
CONTENTS.CHRONICLE.
from Jan. 1 to March 31 355
Latest Monetary and CommercialEnRliah News 357
Commercial and MiscellaneousNews 859
THBTlM) New Loan and the Bantu 351
Oonipvss and the Income Tax— 352Steinberircr and Samoa — ThoTreaty 853
The MlwitslppI and the Harlem. 354Railroad Earnings iu March, and
THE BANKERS' OAZETTB.Money Market, U. 8. Securities, I Quotations of Stocks and Bonds. 363
Railway Stocks, Gold Market, iLocal Securities 3i.4
Forcixn Exchange, N. Y. City I Investments, and State, City andBanks, National Banks, etc SCO I
Corpoi atiou Finances 3b5
THE COMMERCIAL TIMES.Oomerclal Epitome a69|Dry Goods 374
OottOD SR9I
Imports, Receipts and Kiporta.... 3';5
BreadstnOs 3731
glte Cltrattidje.The Commercial and Financial Chronicle is issued an Satur-
day morning, with the latest news up to midnight of Friday.
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:For One Year, (including postage) $10 20.FocSUMonths 6 10.
Annual subscription In London (Including postage) £2 58.
Six mus. de do do 1 68.
Subscriptions will bo continued niitll ordered stopped by a written order, orat the pabtication o^«. The Publishers cannot l>e responsible for Remittancesanleea made by Drafts or I'ost-Olhce Money Orders.
London Offlcn.The London office of the CHRONICI.K is at No. S Austin Friars. Old Broad
Btrett, where subscriptions will be tak<;n at the prices atrove named.
AdTertinements.Transient advertisements are imblisht d at is cents per line for each insertisn,
but wlien definite orders are given for five, or more, insertions, a liberal dis-
count is made. No promise of continuous publication in the best place can begiven, as all advcrtii^ers must have eqnal opponunitles. Special Notices in
Banking and Financial column 90 cents per line, each iu!*ertion.
wiixiAH B. DANA, I WILLIAM B. DANA & 00., Publishers,
f 79 ft 81 WilUam Street, NEW YORK.I*osT Office Box 4,592.
JOHil a. noTD, /B.
^F* A neat flle<over is furnished at 60 cents; postage on the same is 18centa. Volumes bound for subscribers at $1 .50.
laB^ For a complete set of the Cohmeiicial and Fikancial CnB0Nici.E—July, IHA5, to data—or of Hunt's Mekcuamts' Magazine, 1669 to l!i71, inquire•t ue office.
CfTbe Btuiness Department of the Cintoinci.B Is represented amongTlnancial Interesta in New York City by Mr. Fred. W. Jones.
THE NEW LOAN AND THE BANKS.Mr Sherman has shown in his interviews with tlie
Committees of the House and Senate, not only his faith
in the possibility of executing the Resumption Act, but
also his determination to do it; and the disclosures of
the past few days are the signs of the progress he is
mating. In fact, the events of the week, culminating in
the successful negotiati'^n with the Syndicate bankers of
a sale of 4^ per cent bonds, practically put at rest all
doubts with regard to the fact that on or "before the
first day of January, ISVO, any one can, on application
at the office of the Assistant Treasurer in New York^
obtain gold or silver for greenbacks, in sums of not less
than fifty dollars. The terms of the loan are subitan-
tially set out in the following, which was posted, shortly
after one o'clock on Thursday, on the bulletin boards of
the Sub-Treasury, the parties composing tho Syndicate
being Urcxel, Morgan & Co., and J. S. Morgan & Co. of
London; August Belmont & Co., and through them the
Rothschilds, of London ; Morton, Bliss & Co. ; J. <!fc W.Seligraan, and Seligman Brothers of London; and the
First National Bank ;
" The Secretary of the Treasury and the members of the last Syndicate have
entered into an a;»rcement for the'sale, for resumption purposes, of $5i',000,(X)0
United states 4X per centum 15-yf ar bonds at par and accrued interest, and
1>4 per centum premium in gold coin, tlO,0!)(',COO to be subscribed imme-
diately, and *5,000.000 per month during the balance of the year. The sale
of 4 per centum bonds will be continued by Ihe Treasury Department as here-
tofore, upon the terms and conditions of tho last circular, and the proceeds
will ho applied to the redemption of 6 per centum 5-20 bonds."
This, certainly, will be considered a very favorable
negotiation for the government. We understand, from
parlies who should know, that the above, however, is to
be interpreted literally; that is to say, that the only
subscription now made is for $10,000,000, and that the
remaining 1 10,000,000 is really an option, but prac-
tically a certainty, unless some unfortunate condition of
the exchanges, not to be anticipated, should intervene.
The price, 101^, is of course coupled with the usual
deduction allowed by the act for expenses, <fcc. The
closing statement of the announcement is also an inter-
esting and important reservation, as the Treasury and
the Syndicate will be interested in an easy money mar-
ket, and the latter in keeping up the price in London
ifor binds; while the transaction itself, and what it
Ipromises to secure, will tend to give a new impulse to
our credit everywhere. Undir these circumstances, it
is not unlikely that the subscriptions on the part of the
public to this 4 per cent loan will be increased, snd Mr.
Sherman will have the gratification of continuing to
fund the debt at the same time that he is preparing for
a ri'tnrn to specie payment.
But the record of the week's work is far from com-
plete without a more detailed account than has yet
appeared of the negotiations to the same end with
the associated banks. It is especially interesting
now, as showing how entirely all our people are ready
to devote themselves to the work of resumption.
The meeting was sought by the Secretary and arranged
through Mr. Hillhouse, the presidents of the five largest
institutions bt ing first invited, but on their suggestions
the invitations being extended so as to include five
additional presidents. The parties present were, on tho
part of the banks. Presidents Vail, Palmer, Tappen,
Sherman, Buell, Vermilye, Calhoun, Coe, Seney; and on
the par of the government, Secretary Sherman, Attor-
ney-General Devens, Comptroller Knox, Mr. Hillhouse,
and two secretaries. The meeting waa considered to be
simply a preliminary one, and was held at the Bank of
Commerce. What was hoped for from the con-
ference .was greater harmony of feeling and action
between the banks and the Treasury, and this was
expected to be attained under some agreement by which
352 THE CHRONICLE. [Vol. XXVI.
the goverament should dispose of 4 or 4^ per cents in a
BuflScient amount to secure the accumulation of the gold
needed by the first of January.
Perhaps Mr. Sherman's original desire for this confer-
ence arose out of a very foolish idea which has to someextent gained currency, that there is likely to be such
hostile or unfriendly action on the part of these insti-
tntions as possibly to embarrass his efforts in securing
resumption. So far is this from being true, that our
leading bank officers are most zealous for his success,
believing, as they do, that there is no relief for the
present depression except through resumption; and Mr.Sherman was therefore assured at the outset, and is
undoubtedly convinced now, if he was not before, that
the banks were entirely in accord and in sympathy withhis purposes and aims. Furthermore, they showed that
it was their desire and intention to do everything they
conld to assist the government.
And, in accordance with this purpose, their first pro-
posal was to let him use the whole machinery of the
banks to place his loan, the banks to make nothing out of
it. So heartily interested were they in securing the endsought that they were very willing to be used if they
could only be ensured against loss. The Secretary pro-
posed that they should take a certain amount of 4 percents at par or of 41 per cents at 103. A loan at
such rates, however, they did not think they could nego-tiate. Their position was such, holding within their con-
trol or under their influence the commerce of the country,
they thought they could be of great use to him unless
they went so far as to embarrass themselves, and then
the final influence of their intended assistance would bedisturbing and therefore" "damaging instead of helpful.
The action of the silver bill, it was remarked, had beenmore mischievous than some imagined. Bonds whichhave been returned reach in the aggregate a very consid-
erable amount, and they have not been absorbed byinvestors to the extent supposed; on the contrary, thebanks are now loaning on such bonds, at call or thirty
days, a greater sum than at any date during the past ten
years. While, therefore, these oflficers wished to enter
into the plans of the government, the interests theysubserve would not permit of their becoming permanentinvestors to any greater extent than at present; that theyconld not take what they could not negotiate. Againstthe possibility of floating a four per cent loan in largeamounts in this country at the present time, the opinionof the officers seemed to be unanimous.
But the Secretary did not feel willing to leave anycontingency of the kind suggested attached to the loan.
He wished, very naturally, to make an absolute arrange-ment. Consequently he and the other governmentofScers retired, while the bank presidents consulted, theresult of which consultation was the following offer :
"If the Secretary of the Treasury will intimate hia willingness to receive aproposiUon from the national banks in New York, Boston, Philadelphia, andBaltimore, for the negotiation offifty mmona 4 > 4 'per cent bonds at par in goldfor resumption purposes, we will recommend onr associates to unite in makingIt, with the belief on our part that it can be accomplished as suggested. Thisepecial loan to be the only bonds of this character offered until the same par-ties have the option of any further sum required."April 7, 1878."
This ended the negotiation, the answer to the preposi-tion being the bulletin at the Sub-Treasury given above.That the arrangement made with the Syndicate is morefavorable to the government than the final proposition ofthe banks, is of course clear; but the disinterestedness ofthese ofiicers, as shown in their unanimously expresseddesire to do all they could and make the best terms pos-sible for the government, without receiving any profitfor it, is so marked a feature of the negotiation that
these details have seemed to us an important part of thehistory of the transaction. As one bank president re-marked, all the reward any of them wanted was resump-tion. Tiiere can be no ground hereafter for the slightestbelief in any action other than the heartiest co-operationon the part of these institutions in the governmentefforts. Of course they cannot control their depositors,
but they will exert all the influence they have in behalfof a successful issue to the Secretary's endeavor.
gongress~aM)~Yhe income tax.On Wednesday, the Committee of Ways and Means,
by a vote of six to five, decided as to what should bethe nature of the second section of the new InternalRevenue bill which they are preparing to report to
Congress. The first section was decided upon at arecent meeting of the committee. It surrenders partof the tax on tobacco, on which commodity the rate is
reduced by about one-third. The amount of revenuewhich will thus be lost to the Treasury is variouslyestimated at from nine to fourteen millions of dollars.
The second section of the bill, upon which the com-mittee are just beginning their work, attempts to makeup the deficiency in the revenue which has been createdby the remission of the tobacco tax in the first section.
It was agreed some time ago by the commiitei- tliat notax eould be reduced unless some new tax were imposed.In order to remit the tobacco tax it was necessriry, then,
to decide upon some new impost, and the one cho.sen is theincome tax. In voting for this tax, the committee are en-dorsing the report in its favor presented by the ub-com-mittee on internal revenue at the beginning of this month.This sub-committee, as we stated s me tine ago, con-sists of Mr. Tucker of Virginia and Mr. B rchard ofIllinois. On the income-tax question the sub-comaiittee
were more agreed than on the tobacco tax, on whichtwo propositions were made by the sub-committee, onereducing the tax about one-sixth and ihe 01 her one-third. The larger amount of deduction was finally
adopted by the committee and commanded an almostsolid vote. It remains to be seen whether there will beequal unanimity in regard to the details of the income-tax. The sub-committee propose that the rate of taxassessed shall be two per cent on incomes of |!.5,000 anduuder, three per cent on incomes of $5,000 to $10,000,and four per cent on incomes exceeding $10,000. Thesub-committee also propose a tax of four percent on the
dividends of railroads, banks, insurance companies, trust
companies, savings institutions, canal companies, andother corporations. They also propose that the sumexempted from income-tax shall be fixed at 12,000 for
each tax-p.aycr. These are the main feature- ot the pro-
posed bill. None of them, however, has been as yet
adopted by the committee, though, from present ap-
pearances, they are all likely to command a majority of
votes. To show the total revenue derived since 1863from income-tax and other fiscal sources, we ccimpile the
subjoined table:
TOTAL BETENUE FROM INCOlfB TAX AND OTHER SOtJRCES. l>'6i-1877.Fennmted Ad'if^te
Spirits. Tobacco. Ligitors. Stamps'. Ilh'"i).' 71/ r.1883 . fS,17»i,5R0 $ 1,097,680 t'.,. 28,934 $4,140,175 $ ,;ii.s,i;1864 .. 3 '.329,150 8,!9.'.nii9 2.290,009 ft,894.9 5 2:1 lli,;:il1S05...
. . ]8.731,4ii li,4J),S73 3,734,928 n, H9i 821I.Vl,ii;718<r6 . 33 2iiS17i 16,511,008 6 22i .55) 15.144.S13 8j9Sl, 1 '1
1867 . ..••),54-J,95S 1(1,765,148 6,167 5U1 1>. 14 7 8 66 1 14 l.li
1-68. 19,1 55,.531 18,73>,(195 6,91^5.869 14 8i ,-Si ll.l.l. '
1
1869 .... 45 . 7i.sn 8.3, i3 1,703 6,099 p80 16.42' 7 ."4 r<i M.:1,S70 . 65 «n6 091 31. ".50,708 6,:«9,137 11.5 40 31871 . 41,881,818 31,5T8, 07 7.389,602 r-. 4',:3I 19 S','!.-i1873 . 4;),47i,5I6 33,73*i,in 8,268,498 16, r7,3-'1 14.430 Sili«r.i... . 52,0!m.378 34,386.103 9,3-24.938 7.7« 3 7 5,0i,2,.il2187t . 49.414,(i9J 33,242,876 9 3'4(i8) 6. i3 .SIS1873... . . 52,08 .991 37,.303,462 !I,I44,0(14 (;..'.'i7.-.;'io
18:6 . S'i.1'iB,:jt.5 39,7»5,.-40 9,571, -28
1
6 5ia,4.'*-i
1877
Total..
,
. 67,469.410 41.106,647 9,430,789
$93,780,49i
6,;5il.429
$163,03 !,U37
140,391
. 8603,1)59,694 $336,048,363 t3i6.908,73g» 1871-1877.
April 18, 1878.] THE CHRONIOLR 353
It is unfair to the committee to oritioize with toa
much severity a great fiscal scheme of legislation, of
which a portion only has been disclosed to tlio public.
Otherwise wo should have heard throughout the country
a much more emphatic and indignant condemnation of
the new bill than has, at present, been anywhere uttered.
Had some great calamity, some appalling disaster,
shaken tiio credit of our government and disturbed our
financial fabric to its foundation, had some overwhelm-
ing emergency demanded that, at any cost to the
country, an immediate increase of the revenue of the
government sliould be secured, our people are patriotic
enough to welcome even the income tax, and to endure
it as long as it might be needful. In proposing this tax
the committee will be expected to vindicate it before the
nation. As statesmen holding an important trust for
our forty millions of people they, ought to be ready
to present such sound, irrefragable reasons for what they
do, that the wisdom of their policy shall be demonstrated
beyond question. Without prejudging their arguments,
we may at least be excused for suggesting that such of
them as have at present been put forth, are generally
regarded as insufficient and weak.
Let us examine some of these reasons. First of all it
is said that the committee in proposing an income tax are
following the instructions of the House favorable to an
income tax. This is not atrictly correct. The only
foundation for it will be found in the Congressional
Becord for February 5, 1878. On page 9 we find that
Mr. McMahon, of Ohio, moved to suspend the rules and
pass the following preamble and resolution:
Whereas. In ibe present condition of public dislresa, it is
Important that the wealth of the country should bear a fiiir
proportion of the burdens of taxation; therefore,
Sesolved, That the Committee of Ways and Means be and arehereby instructed to report a bill imposing a graduated tax uponthe exceps of income above a reasonable minimum to be fixed byla,w, and that s id bill be rei orted at the earliest practicablemoment.
For this resolution a two-thirds vote was required, *
and only 165 members voted yea, 89 voted nay, and 38
did not vote. The motion not receiving a two-thirds
vote, was lost, and the instructions favorable to an
income tax not having reached the committee, any argu-
ment based upon them falls to the ground.
Secondly, it is urged that if the committee do not
impose an income tax, the sinking-fund will be deficiint,
and the public credit will receive injury. This does not
agree very well with the statements in the last report of
the Secretary of the Treasury. lie assures us that so
far as the sinking fund law is concerned we have already
paid off 220 millions in excess of the amount required
by law to be provided for that fund. He also states
that without any further taxation the estimated income
of the Treasury would allow more than 25 miirons to
be added to the sinking fund during the current year.
There is clearly no support in these facts to the theory
that the income tax, which several years' experience
proved both unpopular and mischievous in the highest
degree, is at all necessary to support the credit of the
government, or to swell the already satisfied sinking
fund.
Thirdly, it is contended that the tobacco taxes haveto be diminished, and for the revenue given up a newtax must be imposed. Wo will not seriously reply to
this argument. It is too puerile for discussion. If the
committee can offer to Congress no better reason for
the imposition of a tax so offensive, demoralizing andunpopular as the income tax, their new scheme of
internal revenue consolidation will not meet much favor.
That the whole country should bo tortured by an income
tax, in order that some enormons danger t« our national
life might be averted, we will freely concede when the
emergency shall arise, and when the guarantee is present
that the odious tax shall survive no longer than the peril
which has given it birth. But it is not conceivable that
without need the American people will impose it uponthemselves. This most oppressive and inquisitorial formof taxation was first borrowed from Eastern despotisms.
It is forbidden alike by the experience and institutions
of our free country. It can never be revived among us
without some clear necessity, some sound reason, somecomplete justification. What is that reason ? Let the
committee justify their choice of the income-tax. Thenation waits to hear.
STEINBERGER AND SAMOA—THE TREATY.It is now some years since the American public
became aware that a person by the name of Steinberger
was pushing the cause of progress and civilization in the
group of islands generally known as Samoa, in the far-
away South Pacific. Strange rumors from time to time
reached us of Steinberger; and, whilu it was evident
that he had become a power among the semi-barbarous
islanders, it was doubtful whether he was about to set
up a throne and pro laim himself king, or whether he
was about to reconstruct the Samoan group and bring
them under the shelter of the Stars and Stripes. Stein-
berger, it appears, is an American and a native of the
State of Pennsylvania. As his name implies, he is of
German stock. In 1873 Steinberger found himself in
Samoa, where he remained for several months, makinghimself familiar with the topography of the island, andstudying the character and habits of the inhabitants. Hewas in this country when we were honored with a visit
by King Kalakaua, of the Sandwich Islands; and, as hehad already succeeded in interesting some of the Gov-ernment officials in his schemes, he was permitted to
accompany the King to San Francisco, whence, on board
the United States ship Tuscarora, he proceeded on his sec-
ond visit to Samoa. Arrived in Samoa, he commenced the
work of reconstruction and reform in right earnest.
According to his own showing he assembled the chiefs
of the different islands and had them ele(!t a king. Hethen established a parliament modeled after that of
Great Britain, with its upper and lower houses, andassumed the onerous duties of prime minister. Underhis direction, schools were built, governors and magis-
trates were appointed, a police force was organized,
implements of agriculture were placed in the hands of
the natives, and a printing press, that inevitable accom-
paniment of progress, was set up. It was, of all things,
the most natural that such a man should come into col-
lision with whatever there was of foreign authority onthe islands. On the islands there are agents of the
London Missionary Society. There are also agents of
the Roman Catholic Church. In some way Steinberger
aroused the opposition of the British missionaries; the
American consul went against the prime minist -r ; andfinally Steinberger, much against his will, found himself
on board her Britaanic Majesty's ship Barracontas, and
on his way to Fiji. From Fiji the ex prime minister
proceeded to England, where he now claims for damages
the sum of twro million of dollars !
It would appear, however, that Steinberger had not
wholly labored in vain among the Samoan islanders. In
the Fall of last year, two representatives of the islands,
iMessrs. Lo Mamea and Colmesnil, came to Washing-
ton and commenced to negotiate a treaty with the Gov-
ernment. The Samoans, it seems, dreaded annexation
354 THE CHRONICLE. Vol. XXVL
to Great Britain, which was threatened. They expressed
a decided preference for American protection. A treaty
has at length been signed and ratified. Henceforth the
Government and merchant vessels of the United States
Bhall have the privilege of entering any port of the
Samoan islands; and permission is granted to establish
a station for coal and supplies in the port of Pango-
Pango. With the exception of a tonnage duty of one-
half of one per cent per ton, actual measurement, to be
charged on the entrance of our merchant ships, the trade
is to be free, and no restrictions are made in regard to
cargoes. Trade in fire-arms and munitions of war are
to be subject to special regulations by the two govern-
ments. It is provided by one of the articles of the treaty
that in the event of any difficulty arising between the
Samoan government and any other government in amity
with the United States, the Government of the United
States shall " employ its good offices for the purpose of
"adjusting those differences upon a satisfactory and" solid foundation." The treaty is to remain in force
for ten years, with the provision that it may be con-
tinued until the expiration of some stipulated time.
It is not expected that the treaty will immediately be
any great gain to the United States. The population of
the islands is small and diminishing year by year. The
products are of little value. Prospectively, however,
the treaty is to be regarded as a gain. The islands lie
in the direct route between San Francisco and Australia,
and as the day is not distant when our trade with the
islands of the Australasian group will rival that of
-China or Japan, it is well that we have provided our-
selves with a good coaling station in advance. The
islands were visited and surveyed by Lieutenant Wilkes
in 1839; and in after years the Admiral pronounced
Pango-Pango the best harbor in the South Pacific. In a
few days the United States ship Adams will leave the
Isthmus for Samoa, having on board the ambassador,
Mr. Le Mamea, and his counsel, Mr. Colmesnil. What-ever may be his faults, Steinberger has not proved a
wholly useless pioneer.
THE MISSISSIPPI AND THE HARLEM.
Not long ago a deputation were at work in Washing-
ton urging that—in the expected annual distribution
of government money for the improvement of what
Nature left unfinished and for the benefit of unemployed
labor, to be ordered by the usual River and Harbor bill
—
the Delaware and Schuylkill rivers should not fail to
receive appropriate remembrance. Previously the treat
State of New York had also put in its claim in behalf of
the Harlem River, and has so industriously and plead-
ingly pushed its petition that one hundred and fifty
thousand dollars was last week—so the telegram says
—
eet down in the bill against the application. And thus
the hat goes round. Each State having its little creek
to widen or deepen, or both, finds it convenient to help
on each other State's favorite scheme for obtaining gov-
ernment assistance.
The largest scheme, and to us, for obvious reasons, byfar the most worthy of assistance, is the Mississippi and
its levees. There is not one argument in favor of the
Harlem which cannot be urged with greater force in favor
of the Mississippi. A memorial on the subject has been
sent to Congress from a committee appointed by a
"River Improvement" convention which was held in
St. Paul last October. Commercial bodies from every
city along the river, from the Balize to St. Paul, sent
delegations, representing the interests of eighteen States.
The memorial urges that commercial values to the extent
of at least 5,000 millions annually are measurably affected
by the stage of water in the river; that by practicable
improvements a transportation saving of one-fourth
could be effected, so that wheat could be carried from
St. Paul to Liverpool, by the river, for 8 or 10 cents a
bushel less than by way of New York; that the produc-
ing capacity of the river valley, both in food and in
manufactures, is almost boundless; and that the river is
the natural and the cheapest outlet. A permanent channel,
in the lowest stages, of 10 feet from New Orleans to
Cairo, 8 feet from Cairo to St. Louis, and 5 feet from
St. Louis to St. Paul, is necessary, says the memoriali
and the arguments adduced follow the usual method.
It is unnecessary to state with any particularity
the figures given, because they are estimates, neces-
sarily conjectural, and of course colored largely bythe roseate tints always assumed in this country
by projected schemes of improvement on a large
scale, especially when the public treasury is invited
to assume the cost. Nothing is more natural than to
overdraw the picture of what will be in the way of
development, and nothing has been more painfully
shown by experience than that the process of forcing
development has been carried too far already. There is
nothing new in this latest Mississippi memorial, except
that the appropriation mentioned is a modest one, only
$2,000,000—three-fourths of which are to be expended
above Cairo—and that it is now a deepening of the upper
channel which is asked, rather than repair and enlarge-
ment of levees. Captain Eads, however, who is cer-
tainly an authority of great weight, seems to oppose the
whole levee system.
We did not commence writing, however, with the
intention of discussing the subject, and present this
summary only in passing. Precisely what constitutes a
work of " national " importance has never been defined,
and the trouble is that it is -indefinable, unless we say
that anything is national which somebody wants to have
undertaken at the public expense. The Mississippi is of
national consequence, undoubtedly, but it is probably
true that whatever tends to benefit any locality is in
some degree of general utility and, therefore, national.
If the Mississippi is to be dug out by the general govern-
ment, the Vermont Congressman will want an appropri-
ation, on the same rule, for improving the navigation of
Otter Creek; the Mississippi Valley may deiide him for
the ridiculousness of his claim, but it is only a matter of
, degree, and though the importance is less, so is the cast.
How many canals are there, languishing and waiting, at
the feet of Congress; how many railroads want to be
taken up and carried, in the costly cradle of a subsidy,
across the continent to completion; how many strictly
national, double-track, freight railroads are ready to be
built, cheapening everything for everybody and giving
employment to labor, etc. ? The doctrine that the public
owe employment to whoever wants it is daily preached;
the question of funds is held to be of no consequence,
for all the work can be paid for—on the miserably
delusive basis of high prices and advancing "val-
ues"—by simply starting the presses on new green-
backs. Discrimination between them can never be
anything but the result of caprice and log-rolling, for
there is no rule that can be set up as determinative.
The plea is invariably made that because that thing has
been helped, this thing should be, and no reasonable
reply to it is possible.
The Mississippi memorial itself puts in the plea for
"entire justice to the West," and raps the East forita j
Apkil 13, 1878.JTHE CHRONICLR 855
selfish forgetfulness of ihft grent river. The East is
forgetful, but it remembers it own nurslings which cry
for government aid, as, for instance, the Harlem
River. This mighty stream—the existence of which
may even bo unknown to selfish memorialists who
can think of nothing but the Mississippi—sometimes
known as Spuyten Duyvel Creek, is at least 4 miles long
and flows from the Hudson to the East River, or else the
other way. If it were only deepened and improved, the
cereals of the West would all pass through it, and this
city would command the trade of the whole world ; the
work is clearly one of national importance, and sure to
repay its cost every year ; so we beseech Congress to
give us 12,000,000 for accomplishing it.
This is a condensation of the argument; but, to speak
seriously, the application is one of which the State
and city ought to be thoronghly ashamed. Toimprove the Ilarlem River and make it a
deep-water estuary with ample dock facilities would
be a profitable thing or not; if not, to urge it at
all is a blunder; if it w> uld be—and there is little
or no question that it would—then go to work and do
it. Here are collected the experience, the capital, the
enterprise, and the constructive skill of the country; to
go to Congress for a pitiful two millions for a local
improvement—albeit it might be of some general benefit
—is a proceeding unworthy of us. Besides, it is
a miserably short-sighted step, for the proportional
contribution of this State to the national revenue is so
large that the slight temporary gain by a subsidy wouldbe many times offset by her contributions hereafter to
subsidies granted to other sections. What folly for
New York, not merely to countenance, but to volun-
tarily help establish, such a precedent at the present
time! And it is not here, if anywhere, that subsidies
can be decently sought. Comparatively speaking, the
East is rich, while the South is poor; the Mis'sissippi Val-
ley—supposing, of course, that the estimates submitted
would accomplish the material changes in the river whichare expected—has ten times as much claim as the Easthas, and with what sort of reply shall the East meet that
claim if it comes itself before Congress in the attitude
of subsidy-begging? If we cannot dig out the Ilarlem
River without the help of the general government, let
• ns, for consistency's sake, join in the scramble for largess,
first adopting, however, some one of the new plans for
patent non-redeemable, inter-convertible, non-exportable
non-costing, national, American money, in quantities suf-
ficient, etc. Mr. Buckner's would do; the Toledo conven-tion also told us the way; and Mr. B. F. Butler's newleather money, or "dollar stamped upon some convenientand cheap material of the least possible intrinsic value "
—
we suggest clay—would be excellent for the purpose.
RAILROAD EARNINGS IN MARCH AND FROMJANUARY 1 TO MARCH 31.
A glance at the table of railroad earnings for March,as given below, shows that the statement this year com-pares exceedingly well with the same month in 1877.The roads showing a decrease in gross earnings arelimited to those running out of St Louis, with theexception of the International & Great Northern ofTexas, which has close connections with the St. LouisWs, and the Central Pacific. The decrease on theselatter roads is inconsiderable, and it is due in pait to thefact that some of them were making large earnings last
year at this time when the northwestern roads wereshowing a decrease in traffic, and hence the comparisonthis year appears to the advantage of the latter.
The two principal points in connection with railroad
earnings this month are the immense grain movement,and the agreement among the trunk lines for maintain-
ing certain rates on east-bound freights. The basis of
rates from Chicago to Now York, and allotments madepursuant to the Chicago agreement, have already beenreferred to in our columns. It has been well demon-strated that a largo freight traffic is not in itself sufficient
to ensure large net earnings, and the disastrous results
which followed the railroad "wars "in 1870 and 1877
have shown pretty clearly that the trunk lines and their
connecting branches have little profits to hope for unless
reasonable rates on through business are maintained.
It is one of the favorable signs of the times, that this
truth seems to be much better appreciated than formerly
by the railroad managers, and in the face of obstacles,
which at times appeared insuperable, we have now both
the trunk lines and the coal-carrying roads workingunder combination agreements, which appear to be toler-
ably harmonious.
The grain movement has been very large, and is
expected to continue so during April and May, as the
open winter and almost impassable roads prevented the
hauling of grain during much of the time from December1 to March 1. Lake navigation virtually opens this
year on the first of April, and the canal April 15, and in
the four months from the first of December, 1877, to the
first of April, 1878, while navigation was closed, wehave the following important figures, showing the grain
movement at eight leading cities of the West and re-
ceipts at seven Atlantic ports.
The total grain receipts at Western markets, from
December 1, 1877, to March 30, 1878, were, in bushels,
as follows:
isrr-vs.
45,551),885
1876-77.
31,167,087
1875-7B.
88,997,831
1874-75.
87,210,3431873-74.
43,871,691
The shipments of these same markets were, in bushels:1877-78. 1876-77. 1875-76.
30,&37,8S9 16,996,834 20,656,613
The receipts at Atlantic ports
months were:1677-':8. 1876-77. 1875-76.
53,842,517 ai,86J,469 80,740,861
1874-75.13,5:!5,933
for the
1874-75.
16,360,919
same
1873-7419.564,036
four
1873-74,81,553,180
As to the relative gain or loss in the proportion of
receipts at the different Atlantic ports, the following
table shows what the receipts and percentage of total
has been at each port named, from Dec. 1 to March 30,
in the present and previous seasons :
, 1876-77. -,Buehels. P.c. of total.
-1677-78. .
Buj^hels. P.c. of total.
New Yoik 24,593,274 49-9
Bofton 4,330.271 7 5Portland . l,sOS,8tO 21Montreal 58.849 01Philadelphia 10,599,8a0 18 2Baltimore ia,0-8.6CO SOTNewOrleans 5,361,963 92
100-0
9,969,6714,100,673679,80993.965
5,696,0509.595,8941,995,862
32,091,929
311301808
17 829 963
1000Total...."" 58,222,717
At New York alone the receipts in March were
immense, and the following will show the several routes
by which the grain was delivered.
REOIFTS AT NXW TORK IH MARCH., 1877. . , 1878. .
Flour, Grain, Floor, Grain,bbl0. bash. bbld. bnrii.
N. Y. Cent & Bndoon River 77,982 1,214,2-29 170,511 4.068.203
Erie 47,0C4 686,b23 67,348 1,518.794
Pennaylvanla' 41,5-J8 351, '80 60,947 1,-Jt9,484
Water 20.680 259.557 27,897 400,058
All other roateg 1,431 9,946 1.377 109,889
Total.. 188,623 21521,735 328,060 7,350,82»
While it is clear from these figures that the railroads
have had a much better season in the first quarter of 1878
than they had in the same quarter of 1877, and have
made better earnings, we are unable to conclude from
the increase shown on the trunk lines that their stock-
holders have any great reason to feel elated. It may,
perhaps, be assumed that the grain traffic this year is (in
the present status of the country) at a maximum, and
356 THE CHRONICLE. [Vol. XXVI.
that it is not likely to be equaled for some years to
come, and as the dividend fund-s were scanty in 1877,
the increase in earnings is not now sufficient to warrant
the railroads in pursuing any course except one of strict
economy, with a careful guarding against increase in
their funded debt or annual charges.
Among items of interest relating to the earnings or
income account of prominent railroads may be men-
tioned the adoption of the now famous Trust scheme by
the Pennsylvania Railroad, and the fact that all the
company's lines east of Pittsburg and Erie showed an
increase in gross earnings for January and February,
1878, of only $9,940, but a decrease in expenses of $181,-
624. The lines west of Pittsburg and Erie for the sametwo months are said to show a profit of -^45,698, after
meeting all liabilities, against a deficiency of $105,409
in the same time in 1877.
The Baltimore <fc Ohio has just declared its semi-
annual dividend of 4 per cent in stock instead of cash.
The Micliigan Central has declared 2 per cent in cash,
the first cash dividend since July, 1872,
The question of pro-rating on the Union Pacific and
Kansas P.cific roads will be referred to three arbitrators
of the highest character.
The International & Great Northern of Texas has
gone into the hands of a receiver.
aKOSS EARNINGS IN HARCII.
1878.Atcliison Top.& S. Fe. . .
.
$:)i 6,000Baltimore & Ohio 1,137,414Borl. C. Rap. & North'n. lij,lllCairo* -t. Louio* 11,-M5Central Pacific ],2il,410Chicago .s Alton 357,477Chic. Mil. & St. Paul.. .. 6B3,ij00
CI. Mt.V.&Dcl.&brchs.* 2(i,0Ul
Dakota Soutiiem Iii,«ti8
Denver & Kio Grande 64,257Grand Trnnii of Canadat 6'I7,083
Gt. Western of Canada}:. S3f),(i31
111. Central (main I ne)... 4(J0,I17
do. (Iowa le'18. d lines).. 13'I,'.'4S
Indianap. B. & Webtern.. 118,35!)
Int. & Gt. Northern IdS.uMKansas Pacific 875,^83Michigan Ci;ntral 57H,433Missouri Pac ftc 3fi'.',772
Mo. Kansas & Texas ... 3 Si ,516Paducah & Elizabetht'n* 19,5:5St. L.A. & T II. (br'che). 37,7148t. L. Iron Mt. AS .'i4:i,'iOO
St. L. K. C. & North 29;i,,S35
St. L. * San Francisco... 1I9.61SSt. L. &S. K— -t L.div.* 38,345
do Ken. div.« 21, "USdo Tenn.div* 9,3911
Tol. Peoria & Warsaw ... 108,845Wabash 867,755
Total |8,51!I,28SKet Increase
1877.$189,1301,092,994
78.19414.^80
1,345,37384.1,454
468.57018,337li,W)749,219
65 i.558
801.169363.144ii3.'<r9
99,474
112,0372"0,334534,213330.130247,.".n5
19,16341,1503.'J0,778
2:9,113110,73340,119-2
17,2656.883
81,230336.BS8
$7,767,513
Inc.$116,870
41,43061,947
12,023194,430
1.767
4,36115,03340,5i434,8523t.,9)3
16,370
27,b76
Dec.
63530,9ft)
44,39844,21933,642
'370
23,707
4,3132,416
21.62341,066
$812,727751,769
8,953
10,9j9
'
5,705fc78
11,1171,747
$60,958
* Three weeks only of March In each year.+ For the four weeks ended M irch 30.
t For the four weeks end .d .Vlurch 29.
eBOSS KAKNINOB FROH JAMUART 1 TO XARCE 31.
Inr.$303,156232,497
1H78.
At. Top. & Santa Fe $662,500~ ' '" ~ -
--437,74938,2
3,3 3.110958,737
2,037,01076,.-i72
4 ,630179,448
Borl. C. Rap. & NorthernCairo & St. Louis*Central P.cificChicago & AltonChic. Mil. & St. Paul . .
.
Cley. Ml. Vernon & Del*Dakota Southern . .
Denver & Rio Grande. .
.
Grand Trunkt 3,29-*.'il4
Great WefternJ. . 1,169,.528111. Central (ma n line). .
.
1,209,231do (la. leased lines). ;W3,U41
Ind. Bloom. &, Western .. 3'il,Ss8Int. &Gt Northern 34,518•Kansa- Pacific 637,733•Mlchigin OrtMtral 1,6-12,145Missouri Pacilc 9:»,127Missouri Kansas & Tex.
.
634,6')3
St. L. A. & T H. (br'chs). 112.1)94
St. L Iron Mt. & so .... l,0il.200St. L. K .nsaa City & N.
.
79;*,158
St. Louis & S. Franciscol 27!i,.i03
St. L. &S.E.—St.L.div • 131,141do Ken div.* 72,423do T nn.Hlv.* 34,3H
Tol. Peoria & Warsaw.. .
.
m\. 1S9
1877.
$469,344215,25253,157
3,361,1591,03 J, 1091,24'<,005
70..383
30.571
131,3592,10j,739
923,.',92
1,089 :!91
307.490275,8 '8422,723587,643
1,5111,7.17
861,372719.846131,699
1,0811.388
751,463
31S934135.221
6j,19731,883243.3699.«,3l4
788 9955.990
17, 0.948,189
189,405213,936119,8.-0
75,55156,UI0
Dec.
16,89737,749
63,372
are not included in the figures t^ven m the tab'es above. They were: $12 106in .March, 187,1, and «4!,S56 from January 1 to March 31, 18.8.
Earjiings of the Dubuque & Sioux City Railroad duriiis; March, and for thethree m .nths ending .flarch 31, were as fijllow.-.; these figures are incladedin ih ise of the I >w.i lea-ied lines given above; Mirch S-ii,045 in 1878 and$69,094 in 1677; January 1 to March 31, $218,910 in 1878 and $ ;j7,i98 la 1877,
The following companies have but recently reported their earninss for Feb.
eROSS EABNINeS IN FEBRUARY.1878. 1877. Increase. Decrease.
Atlantic Miss. &Ohio.... $117,9:35 $137,990 $ $20,0S5Atlantic & Gt. West 2nO,879 24 1,577 20,303Chic Burl. & Quincy 911,1.30 871,763 39,312Dakota Southern 15,() 9 9,467 6,H2Gal. Uarrisb Jt S.Antonio 82,183 71,6:!4 10,551Ilon«ton & Texas Cent... 205.883 189,600 16,281
18-'.7.iO
155,771174.393141,194
14,3,<7
7,277Nash. Chat. A St. Louis..Nuw Jersey Midlind .... 3-i,:129 4:,6H 4,302Phi.adelph a A Re-iding.
.
52.5,110 74ri,i43 214,633Philadelphia A Erie 180,507 198,4 2 17,895St. Jos.qih A Western 37,742 31,718 6,o;4St. Paul A Sioux City.... 41,:141 89,409 11,9 :2
Sioux Citv A St. Paul.... 23,176 17.5.4 10,623Southern Minnesota 61,759 31,042 33.717Union Pacific... 719,91,2 851,!
$3,783,822 $17.1,639
131,133
Total $3,571,438 $388,023214,394
OROSS BARNINQS FRUU JANtJARr 1 TO FEBRUART 33.
1878. 1877. Increase. Decrease.Atlantic Miss. A Ohio $260,472 $247,976 $12,496 $Atlantic A Gt. Wesiern..
.
551,911 607 126 52,S05Chic. liurl. A Quincy 1,9-)6,617 1,748,603 2 8,014Dakota SouthtTn 30.662 17,9 4 12,ti:i3
Gal. Ilnrri-b. A S. Antonio 176,238 155,351 2;.,887
Mobile AOhio 4i;0,783 406,775 54,007Nashv. Chatt. A St. L 3:13,577 298,960 34 617New Jersey Midlaad 91,1,01 9^.835 3,766Philadelphia A Reading.. 1,199,390 1,520 Sii 331,459Philade phia A Erie 401,003 43.1,952 29.949St Joseph A Western f3 .344 59,9,13 23,516St. Panl A Sioux City.... 61,803 60,00!; 21,892Sioux City A St. Paul .... 54,135 33, '176 2',n,',9
Southern Minnesota 131.773 67,51,5 51,310Union Pacific 1,557,.302 1,666,454
$7,:ni,490 $519,907
109,152
Total $7,373,837 $460,560Net increase 59,:S47
GROSS EARNINGS, EXPE.SSKS AND NET EARNINGS.
The statement below gives the gross earning.^, operating expenses and netearnings for the month of Fe'iruury, and from January 1 to February 28, ofall the roads that will farnish statements for publication:
. 1878.
Atlantic Mississippi & Ohio-Gross earnings $117,935Operating expenses. ....... 83,2J4
Net earnings $J5,731
Burl. Cedar Rapids A North.—Gross earnings $147,196Operating expen.se3 96,539
— Feb.—
Netearninas $30,607
Chicago A Alton-Gross earnings $300,186Expenses 175,003
Netearninss . $135,184
Chicago Burlington A Quincy—Gross earnings — $911,159Expenses 569,454
Net earnings $:J4I,693
Clev. Ml;. Vernon A Del. and Br'chs.—Gross earn 10 i^rg $27,212Operating expenses 23,105
Netearnings $3,197
Dakota Southern —Gross earnings.
,$15,609
Operating expenses 6,099
1877.
$137,9909J,:176
$47,614
$6^,09434,681
$13,413
$135,04719J,511
$121,466
$871,768581,176
$331,592
$25,2462J,0i4
$3,3)3
$9,467
-Jan. 1 to Feb. 38. ->1878.
$360,472ls3,7Jl
$76,631
$113,698191,455
$121,153
$691,2603.6,ii73
1877.
$217,976175,944
$72,032
$142,038113,553
$23,503
$676,655431.647
$231,583
$1,956,6171,13,254
$821,363
$36,16345,.306
$10,862
$39,66313,.331
$233,008
$1,743,6031,111,5:15
$637,068
$52,14545,645
$6,500
$17,9:4
Netearnings $9,510 $ ... $l7.:ill
Denver A Rio Grande
-
(30l»nJ?cM.) (37i mUPM.) (SOlmifoi.) (275 mU«)
60,190121,70376,765
81247,695
4S282,505
90,830106,739
74,205
85.15.1
19,016
39,811
4,080
$340,102
Wabash 1,065,983
Total $21,354,775 $19,128,847 $2,171,030N»t increase 2,130,923
• Three weeks only of March in each T«ar.t From January 1 ro M^irch :0.
X From January 1 to .March 29.
$ The decrea-e in the earnings of the St. Louis & San Francisco Railroaddaring th! first quarter i< attributed to bad roads, and to the expectat onamong certain shippers, of reJuced freight rates, causing freight to be heldDack.The earnings of the Springfield Division of the Illinois Central Railroad
Gross earnings $M,990 $10,1-3 $115,M1Kipenses 37,443 24,717 7S,48i
Netearnings $17,518 $15,133 $36,708
Houston A Texas Central-Gross earnings $3"5.8S3 $139,690 $Operating expeuses 134,340 13i,859
Netearnings $71,663 $16,741 $
Kansas Pacific.
—
Gross earnings $173,995 $181,094 $112,451
Bxpenses 138,963 101,812 2 d.*)9
$83,04050,003
$S2,037
$.
Netearninzs $.34,032 $79,28J
Nashville Chatt. A St. L.—Gross earnings $155,771 $143,491Oper. expenses, incl. taxes. 92.353 86,403
$63,418 $62,091Netearnings
New Jersey Midland
—
Gross earnings $33,339Expenses 35,032
Netearnings $1,297
Paducah A Memphis-Gross earnings $17,613Operating expenses 12,307
Net earnings
Philadelphi.i A Erie-Gross earningsOperating expeuses.
.
Netearnings
St. L. A So. East.-St. L. Div.Gross earningsOperating expenses
$5,308
, $180,507, 132,.365
$48,742
$43,84'87,134
$42,6:11
31,693
$10,933
$15,50810,76)
$4,739
$193,492150, 97
$3i.642
$333,577191,407
$143,170
$96.d'11
83,740
$13,f61
$34,16121,003
$10,159
$401,003370,886
(48,;0j $139,117
$47,16436,091
$92,79677,936
NetearninKS $6,707 $11,073 $14,8.0
$357,359231,830
$135,519
$293,960178,394
$125,566
$92,83566,550
$26,285
$30,61824,643
$6,969
$430,953306,418
$124,534
$96,li972,844
$32,285
Aran, 13. 1878J THE CHRONICLE., Feb. , ^-Jan. 1 to Fob 9«l.—
,
)«TS. 1877. 1878. 1877.
Bt L. A So. Ea%t.-E7. Dir.—OrouMrnlngi .. $«I..^SO t2!,4!)t $30,657 tsn.MlOpsratlog cxpvum!* <U,8;i 3I,41S 4iMb '(l,4t«
KetonilDES $9,8:9 («75 {8,381 |9,48fi
St. I.. * So. Kast.—Tenn. DIt.—Gmmeornlu a $11,834 $11,109 $16,08* $'M,CB')
OlMrnUnK uxiMiuiM 9,7^7 iO.Wi 80,140 :jO,UT0
Mstearnltw $),997 tSlS $4,899 $4,880-p. T- . . -. - cltT—
$41,S«I $»,409 $81,608 fm.m,OS »3,86« »3,ai7 .10,6«8 48.i»01
NetoanilnKS $17,473 $6,143 $31,280 $11,1'
S
Slonx City * St. Paal—Orosi oaniiii;;* $J8,ir« $17,554 $M.1S5 |3.'),C7«
Oporatlug cxponses. 14,S76 l«.iW» 8:1,357 80,889
Note«nilns» $13,800 $3,S83 $J0,T;8 $2,lS7
Sonlhorn Minnosotn—GroM earnlii/!! $tll,759 $31,012 $121,775 $C7.66'SOperatlDg expenses 23.J21 8^4-i7 53,401 47,948
Nctearalngs $38,538 $8,613 $53,28.3 $19,6J4
Wahsdh*—GriiM earning* $)1 1,308 $317,283 $83'f,S27 $6i2..554Oporaung oxpenma 350,888 i73,OI8 S05,5C< 536,094
Kel earnings $CO,020 $45,234 $19.>,722 $96,460Union Paciflc—Gross earnings $719,988 $851,100 $1,.'S5;,302 $l,6»fi,<l."i4
Operating expenses 356,718 888,971 692,728 651,1«3
Neteamings $363,244 $522,129 $864,574 $1,016,031
• Figures for February, 187S, arc estimated.
Intemalional & Gtiat ^'o^the^n figures for Janoary are as follows:
I .Ifinuary.' ,
Intern»t'onal & Groat Northern- 187.". 1877.Gross lariiiiigs $I3.'>,4«5 $174,681Operaiini! cxpenaes 7b,'JU4 111,181
Net eamiups $58,591 $€3,447
357
Itt onctavinlCommcvcinl giigUstt^nvsBATBSUV 8XOHA.NOB A.T LONUON AND ON LOlVIfON
A.T (.AT88T DATES.
KZCHANGE AT LONDON—il.\KC'U .';0.
ON— TIKS.
emtiB short.) months.Paris
BerlinHamburgFrankfort ....
t(
An'wcrp «
Amstrr am ... short.3 mouths.
VleimaSt. Petersburg •*
Madrid *•
Cadiit90 days.Lisbon
Genoa. 3 months.Nsples.New Vork ...
Riode Janeiio.Pernainbuco.
.
Uomoay 60 days.Calcutta "
Hong Kong. .
.
SliacgbalAlexandria.... ....
25.13,va2.i2i"^•'5.sa;» a»5.3i>^20.^0 @20.6I<0.60 8,20.64J0.60 SSO.M26.95 ®20.',012.2 al%.312.4"4®12.5
12.4;,',©12.5S}<
47A(®47J«47J((^4851X®5l!¥
28.20 O2830.8.20 ^38.30
EXCHANGK ON LONDON.
LATESTDATS.
Mar. 29.
Var.":;9.
Mar. 29.
Mar. 29.
M ir. 29.
Mar. 29.
Mar." 29.'
M»r. 29.
Mar. 26
Mtr. 29.
Mar." 29Mar. 28.
Mar. SH.
Mar. 25.
Mar. r.).
Feb. 28.
Mar. I.
Mar. 27.
short
Phort.3 mos.shart.
8 mos.
ehor'.
6 mos.
60 days.90 days.
3 mos.
85.15
26!4i20.4130 11
25.1812.12
122.50
48. ao
7.50
U. t>H<i-
U. 9 3-16rf.
S«. V.ad.
24(i.
iia.
97H
[From our own correspondent.]
London, Saturday, March 30, 1878.
Events of considerable, and which may prove to be of .rnoinen
tou4, importance have transpired this week, and during the last
wo days iho country hag been much agitated. The Russianivernment having declined to accede ti term.s upon which Eng-
land can enter the proposed Congresj, it Las been gravely•nnounced that the nenoliationn are now at an end, and at pres-ent it is pr.-sumed that there will be no Congress at all. Duriufrthe week the Ministers have been in frequent discussion, and themajority of them have arrived at the conclusion that the time hasnow come when our regular array should be marie up to its fullcomplement, and it has been decided therefore to advise the Queento call out the reserve forces. E,irly next week the necessaryproclamation will bo issued, and it may naturally be expectedthat the country will be very anxiou; to Isnow what will be themilitary meaaurea it is proposed to carry out. This detision onthe part of the m»jirity of the .Ministers has failed, however, tosatisfy Lord Derby, and his lordship has, in consequence,resigned. The Queen has accepted bis resignation, and the dutiesof Foreign MIni.ster have now devolved upon Lord Salisbury.The Prime Minister and Lord Derby have been careful to explaintliat the proposed measures do not necessarily mean war. Th- yare, in faci, to be adopted with a view to the raaiottnance ofpeace, which the majority of the Cabinet believe can only be.-ocared by being fully prepared for every contingency. Lord
Derby does not believe that a threat to flght is a proper or aafa
way to attain a pacific end. Both he and his late colleagaea.
Lord Derby said, had the same end in view, but they were notagreed as to -the means of attaining it. The Cabinet is nowlielieved to be unaniinoua as to the best mnaos to attain a certain
end, and the country will be very anxious to ascertain whichpolicy is right. It is very generally believed that the govern-
ment intend to occupy certain positions on our way to I riia whichshall enable us to keep open our communications with facility
and to defend them at all cost. Any invasion of Kussia is out of
the question. We shall simply, it is thought, look after ourselves,
and protect ourselves by securing more Uibraltars or Maltas. Asregards Bulgaria, Austria and Uermany must look after that them-
selves, as it may some day, if ^constituted after Russia's desiree,
prove to be very detrimental to their interests and especially to
the welfare of Austria. We little know what will be the result
of Russia's arrogance in making war upon Turkey ostensibly for
the Christians and in the name of Europe. It was well knownthat the serious complications would arise when Turkey wascompelled to make peace, and now we are in the midst of them.
Russia naturally says that she made the war und the sacrifice in
blood and treasure, and that she is entitled to make what peaca
she pleases. Russia, however, was not called upon to enforce the
Treaty of Paris alone, and it is the contention of England that
until that treaty has been cancelled by the consent of all the
signatories, the British signature cannot be put to another treaty
which is to supply its place. England sets a value upon treaties.
She believes in the right to modify them as lime and circum-
stances change, but the manner in which the present treaty of
San Stefano is offered for European acceptancf, wliich is simply
arrogant, especially when it is coupled with the promises which
appeared to have been so solemnly uttered by the Czar that he
had only entered upon a righteous crusade, is too much for Eng-
land and her government, and even those who were the great
supporters of Russian policy feel alarmed at the results. EvenMr. Gladstone says that the proposed Bulgaria is too large, and
he advocates other changes in the preliminary treaty. Constan-
tinople, he adds, is in no danger, and he sees no necessity for an
increased war expenditure. The outlay of £0,000,000 he regards
as sinful waste, and he is thankful that he has become a thorough
disciple of Mr. Bright, and now belongs to the peace-at-auyprica
parly. No one in this country can desire war; but we must surely
take the world as we find it, and if wo are to retain our posses-
sions and support an imperial policy, we must be prepared to
defend them if they are attacked. In order to justify their policy,
in calling out the reserve forces, the government may possibly
make some important disclosures, and the debate on thu subject
which will take place next week will be awaited with keen
interest.
The directors of the Bank of England have advanced somewhatunexpectedly their minimum rate of discount from 2 per cent, at
which it was fixed on January 31, to 3 per cent. The Bink return
and the state of political affairs justify the movement, the propor-
tion of reserve to liabilities having declined from 35 96 lo oU 18 per
cent. The changes in the return have beeu due almost entirely
to the revenue payments, and to the government loans. Nextweek's return will also bo an indifferent one, ai no dividends will
have t)een distributed; but towards the end of the week, a large
supply of money will be released. A rise, however, from 3 per cent
to 3 per cent has not the significance of an advance from a higher
quotation ; and it is of course to be regretted that the inipruvement
is due to financial operations and not to any increase in our
trade. It is scarcely necessary to repeat that the conditiou -(f oar
commerce is very indifferjnt, and that we are siill wiihou. hopes
of improvement, owing to the cloudy condition of the political
world, festerday and to-day have been periods of grave anxiety
ai we know not whether we are on the evo of a great an i pro-
tracted war or not. England's power to inflict injury and to carry
on a long war is supposed to be very great ; but war is a game of
chance, and the probability is that we shall have to adipt the
policy of Fabius, though chiefly at sea. The supply of bullion
held by the Bank is still rather more than £34,000,000. against
£36.404.293 last year, while the total reserve is nearly £13,000,000,
against £13,481,653. " Oi.Uer securities" are as much as £35,918,-
304, against £33,770,370, an increase which is due, not to any
augmentation in the supply of bills held by the Bank, bat to
loans to subscribe to Treasury Bills. It has been easy for some
time past to obtain loins on g).id security at low raioj, andas
the last issu- of Trea'<ury Bills yielded 2^ and 3^ per cent, a
moderate proiit was clear. The advance in the B.iuk rate to 3
per cent, however, should it be maintained, will neceasiute dirsct
358 THE CHRONICLE. [Vol. SXVL
lending, and should further government loans be necessary, themoney market will be more speedily affected. The governmentbalance is now £12,387,814, against £11,530,039 last year. Con-Bidering that the government has borrowed large sums, the total
is not a large one; but the payments of the government havebeen heavy, large purchases of iron-clads and transport ships,
as wells as of guns and raw material, having been made. Inaddition to four large iron clads, the government has purchasedof Sir William Armstrong, four 100-tou guns, at a cost of £16,000each, and it is understood that all our arsenals here and In theMediterranean were never in such a state of preparedness for war.Should m tiers have a pacific solution the government will beable to economize for a long time to come. The following arethe present quotations for money
:
Bank rateOpeo-market rates
:
SOandeOdJiys' bills.
8 monthB' bills
Fer cent.]Open-market rates
:
Per cent.3 1 4 months' bank bills SJia^ji
I 6 months' bank bills aJi@"2Ji2V
I
4 and 6 montha' trade bills. iJiQS;^
The rates of interest allowed by the joint-stock banks anddiscount bouses for deposits are subjoined :
Joint-BtocK banks 2*
Discount houses at call !......!!!!!! aDiscount houses with 7 days' notice 2UDiscouHt houses with 14 days' notice .'...'.'.......'.'.'..... i^Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of Consols,the average quotation for English wheat, the price of MiddlingUpland cotton, of No. 40's Mule twist, fair second quality, andthe Bankers' Clearing House return, compared with the fourprevious years
:
IS71. 1875. 1876. 1877. 1878.Clrcnlation—Inclnding £ £ £ £ £bank post bills 87,014.407 36,934,0?5 27,108,5:5 28.586.902 27.4117,074Public deposits 9,706,318 8,750,861 U,£C3,159 n,:30,0i9 12.287^14Other deposits 18,740,i26 18,k10,779 19,021,758 S5,f,13,48S SS.SS" 414Government securities. 13,815,35: 13,M5,S87 14,W,605 13,605,1135 16 3S(i 3^8Other securlues 25.310,05! 52,952,399 19,853,650 S3,:76,279 25.918 504Reserve of notes and
i. > .
coin... .... 11,067,031 9,551,16* 13,179,853 13,481,6!» 11,916,320Coin and bullion in > .
both departments... 3i,637,231 21,163,921 25,000,933 26,464,591 21.035 513Proportion of reserve '
to liabilities .... ... 45W 39'13 avmBank-rate 3X p. c. S^ p. c. 8X p. c. 2 p. c. 3 p. c.Consols H8 93 941. ^5j. {;,„Bnglish wheat,av.price 603. lOd. 4:9. lOd. 439. 4d; Sis. -id. 488 11(1Mid. Upland coiton... 8 3-lOd. 7 15-16d. 6 9-ll,d. 6yd. 6 15-16d.'No. 40'8 mule twi8t,fair2dqnality .... ]s. OXd. 1". 13.0^3. lOXd. IBd.
Caearine House return. 151,851,000 107,7S7,0C0 79.437,0M 101,307,000 80,917,000
There has been a better demand for the means of remittanceto the East this week, and the council drafts have been disposedof at an advance of Jd., or at Is. 8fd. the rupee, and only 18 percent was allotted out of the total applications. No silver has,Lowever, been shipped to India this week. The price of thatcommodity has, nevertheless, risen to 5-iJd. per ounce, owing toBome considerable purchases on American account. There is still
a demand for gold for Germany ; and about £360,000 has beenwithdrawn from the Bank for that purpose.According to the 'Jazette returns, the imports of gold into the
United Kingdom in 38 days of March, amounted to £655,348;and the exports to £1,354,836. The imports of silver were£1,503,445; and the exports, £1,345,790. The imports of goldand silver amounted to £3,158,793, and the exports to £3,600,616,showing a loss of £441,833.
The following are the supplies of bullion at present held bythe principal Continental banks : Bank of France, £80,119,000
;
Imperial Bmk of Germany, £36.390,000; Austrian National Bank',£13,745,000; Netherlands Bank, £10,381,000; and New YorkAssociated Banks, £7,938,000.
The supply of gold held by the Bank of England, which atthe commencement of March was £34,386,777, is now £34,033,-245, showing a diminution of £354,533. The reserve of note'sand coin has decreased from £13,476,657 to £11,916,330, or to theextent of £560,337
; but the total of " other securities " has risenfrom £33,174,533 to £35,918,304, or to the extent of £3,743,671.The Clearing House returns for the month of March (38 days)
give a total of £416,516,000, against £398,777,000 last year, show-ing an improvement of £17,739,000.The stock markets have been very sensitive during the last two
days, and all classes of security have experienced an importantfall. The heaviest reduction has been in Russian stocks, whichLave been dealt in as low as 74. The Russian Exchange has alsorelapsed about 14 per cent during the week, the price of therouble being only Slfd., against 33d. in times of peace and normalprosperity. Consols are decidedly weaker, and there has been afall in American stocks, but not to any serious extent. Britishrailway shares and most Continental government securities haveexhibited considerable depression.
The public sales of colonial wool will be brought to a closenext Friday. Messrs. Jacomb, Son & Co. write that
:
The sales of the past week or so have shown some little irrecularity, and, in many cases, a weakness and decline in values fromthe best prices paid during the second and third weeks of theseries
;foreign competition has not been quite so animated as was
then the case, and the pressure ol the immediate want of the rawmaterial to keep machinery going, which then gave such buoy-ancy to our market, has somewhat subsided; the possibility offurther political troubles also has had rather a dampening effect.Week after week successive telegrams announce further de6cien-cies in wool shipments to date from Australasia and NewZaalandthe latest recording 70,000 bales less than at same time last season-should the dreaded contingency of European war pass away, therequirements of a good trade might feel sensibly the curtailedproduction of Colonial wool this season. The decline from thehigliest point reached during these sales is evident chieHy inmiddle and faulty clothing wools washed and (more especially)in the grease; scoured wools do not maintain the highest values,but still show an advance on November rates; New South Walesand Queensland washed fleeces generally have been easier to buyduring eight or ten days past; but good and super combingVictorian wools, the better greasy South Australian, all good andsuper lambs' and cross-bred wools of the better qualities, holdtheir values pretty well. Cape and Natal washed fleeces rule alittle easier, those in grease maintain their best prices, andscoured are without much change.
Fresh arrivals Cata- Importfor ihcse sales, logued. 1878. 1877.
New S. Wales and Queensland bales. 39,342 31,605 55 8)7 58 SISVictorian 91,875 74,00s 145 879 lSs!591Tasniamaii
. 397 954 35-25 g 330South Australian 39,918 33 259 6U,6!i9 63.044West Australian 59 la -2403 17-^0NewZealand 6,971 12,305 29,5*3 81,261CapeandNatal 30,044 24,869 29,284 87,719
Total bales •i08,606 150,307 352,910 865,881* Of which about 12,000 bales (half Cape) had gone forward.
The alarming state of political affairs has induced the holdersof wheat and other grain to demand higher prices ; but anadvance of only Is. to 3s. per quarter can be quoted, buyers beingvery cautious in their operations. The supplies of home-grownproduce have been very limited, but foreign grain, actual andprospective, is plentiful. The first week of spring has beenbitterly cold, and yesterday there was a heavy snow storm, whichimpeded very greatly our telegraphic communications. It is
believed that the fruit trees have been injured, but for cereals
the weather is favorable. In some localities the snow has impededagricultural work, but the recent somewhat protracted fine
weather has enabled farmers to sow a large breadth of land, andto leave little work undone.
During the week ended March 33 the sales of home-grownwheat in the 150 principal markets of England and Walesamounted to only 31,151 quarters, against 43,565 quarters in 1877,
while in the whole kingdom it is estimated that they were only
135,000 quarters, against 171,000 quarters. Since harvest, the
sales in the 150 principal markets have amounted to 1,383,351
quarters, against 1,43 l,980quarter8 ; and in the whole kingdomto 5,133,500 quarters, against 5,688,000 quarters in the corres-
ponding period of last season. Without reckoning the] supplies
furnished ex-granary, it is computed that the following quantities
of wheat and flour have been placed upon the British marketssince harvest:
1877-8.cwt.
Imports of wheat 33,l.S5,19Fi
Imports of flour 5,081.833Sales of home-grown produce 25.241,751
1876-7.cwt.
21,516.1553,466,475
2j,5!)5,10()
1875-6. 1874-6.cwt. cwt.
33,195.739 21,056,1093.8^6,316 4.509,542
S4,6;6,230 32,686,300
Total 60,461.780 50,277.727 61,608,365 57,9.31,651Biports of wheat and flour 1,102,162 038,371 180,047 209,955
Keault 69,362,613 49,6)9,356 61,113,318 57,741,695
Aver, price of Ens. wheat for season 53s. Od. 49s. 3d. 458. 7d. 443. Od.
The following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz,,
from the Ist of September to the close of last week, comparedwith the corresponding period in each of the three previous years:
1877-8.
Wheat cwt. 33,155,196Barley 8,3S6,J.39
Oats 6,401,496Peas 1,017,5:0Beans 2,156,142(ndianCom 17,267,653Ploor .... 5,031,!)33
Wheat cwt. l,0'.l,983
Barley 31,912Oats 74,471Peas ,. 15,25'l
Bean« .. 12.487Indian Com 94,951Flour 37,177
1876-7.
21,516,1.35
b,l6l,7315,T62,865
: 92,3622,72',516
17,980 6663,466,475
6I6.5S819.79573,57018,796n.iso
887,92821,783
1875-6. 1674-5.
33,195.789 21,056.1119
5,695,819 9,258,8785,345,.375 4,908,717936,719 1,(83.817
2,143,157 1,387,63815,796,199 8.303,7583,883,376 4,209,348
146,61716,407
169,:i7J
23,1216.465
81,39813,130
170,388151,17442.55215.001
1,31083.42789,Ce7
April 18. 1878.] THE CHRONICLE. 359
Sas(ll«tt .narket Keporta—Per Cable.
Th«dikilyolo8la<quotaUoQ»ln the marketiof London and Liver,
pool for the pa«t week have been reported by cable, ai shown
the {ollowinii summarr
:
London Monti/ and Stock Market.—The bullion in the Bank
of England hag decreased £453,000 during the week.
B»f. Men. Taes. Wed. Thnr. PrI.
Coniolii for nronoT.. W 11-15 94 11-H 9» 11-16 91 1I-1B 94 II-IB 95''"
'. aTconnt.. MX 94 li-16 91 13-lB 94 l-J-ie 94 ll-:8 96
D8«i>(5-aOB)1881....1'>8H lOSX lOfH 108H lOSH lOSJi
0.8 i(M06. ...... USX 108X 106X io8j< mn mntaof lesi ..... ....IBS* irox 105X ios« wh xio4x
KewtH» ::::... ...A<)iH wm ma nna lOiH MnLiverpool Ootton JfarAjJ.—See special report of cotton.
Liverpool Breadttujfi Market.—
sat. Hon. Tnea. Wed. Tbnr. Frl.
e. d. s. d «. d, «. d. a. d. >. d.
nonr (extra Siate) VbbI il9 S9 23 6 38 6 S3 6 -28 fi
Wheat (R.W.eprlng).»cU 99 9 9 99 99 99 9 9" (Ked winter). .; " 11 11 11 11 11 11" (Av. mi. white).. " It 8 11 « 11 II 11 11« (C. White club)... " 11 5 11 5 II 4 11 4 11 4 11 4
Oomfncw W. nilx.)»qnar. S6 2d »S 9 25 9 85 6 25 li
Peas (Otoadlan) « quarter. 57 87 3" 37 87 87
Liverpool Provirioni Market.—Sat. Hon. Tuee. Wed. Thur. Frl.
B. d. B. d. 8. d. B. d. 8. d. K dBeer(priinenieeB)«tc. .. S2 6 83 81 80 80 SOPork (W't. me98)....«bbl 50 50 50 49 49 49
Bacond'ircl. in.).... *cwt 27 3 27 S 2T 3 27 8 27 3 27 «
Lwd (American).... " 87 3 87 6 87 87 87 36 9
Cheese (Am. Sne) ..." 63 63 63 (iS C3 63
Uverpool Produce Market.—Sat. Mod. Tnes. Wed, Tanr. Frl.
e. d. B. d. s. d. B. d. s. d. b. d.
BOBln(cotnmon)... Vcwt.. 5050 53 S3 53 53" (Bne) " 10 10 10 10 10 10
PetroleQia(rellned)....Vi;a< 10!4 10 10 10 10 10' (BpirltB) "7777 77
T*llow(primeCity)..» CWt. 39 39 39 39 39 39SolrltB tnrnentlne " 24 9 24 3 24 S 24 84 HClOTcrecod (Amer. rod) 40 40 40 40 40 40
London Produce and Oil Market*.—Sat. Mon. Tnes. Wed. Thnr. Frl,£ B d. £. e. d. £ B. d. £ B. d. £ B. d. £ 8. d.
UnB'dc'ke(obl).VtE, S 15 8 15 8 15 8 15 8 IS 8 15
Unseed (Cal.) V quar, 519 61 9 51 9 51 9 51 9 51 9BnearCNo.UO'chBtd)onspot.Vcwt 21 6 23 6 23 6 23 6 23 6 23 6
Bpermoll »tnn..72 72 72 78 72 72Whaleoll " .:-5 33 35 35 85 ,<t5
Linseed oil. ...» ton .27 5 27 27 86 15 2i 15 26 15 U
®0mmcvciaXand piisceXImicotts^eurs.
Imports and Exports for thb Wbbk.—The imoorte last
week showed a decrease in dry goods and an increase in (generalmerchandise. The total imports wpre |4,416,304. against14,561,063 the preceding week and f0,893,801 two weeks pre-Tions. The exports for the week ended Apr. 9 amounted to
10,496,993, against f6,316.7.55 last week and 16,943,985 the pre-vionsweek. The exports of cotton for Che week ended Apr. 10were 8,780 bales, against 10,021 bales the week before. The tol-
lowing are the imports at New Tork for week ending (foi dr;goods) April 4 and for the week ending (for genera! mer-chandise) April 5:
FOBEISN mrOBTS AT NKW TORK FOB TUB VSKK.1875.
Dry goods 12,171,498General merchandise... 6,'0ti,818
1876.
$8,05 >.87r
5.317,315
t7,369,^2^87,845,385
1877.
tl.9l'6,8804,ai4,-i;8
te,252,55S64,51), 973
1873$1,472,SH2,94i,4'J)
»4.416.30l74,763,1.34
Total for the week. |S.578,316PrevlODSly reported 97,997,975
Since Jan. 1 »108,eT6,891 194,614,907 190,761,538 $79,1:9,438
In our report of the dry goods trade will be found the importsof dry goods for one week later.
The following is a statement of the exports (exclusive of specie;"from the port of New York to foreign ports for the week endingApril 9:
XZPOBTS ntOX K«W TORK FOB THB WBBE._ .. ^ 1875. 187.i. 1877. 1873TorUieweek J4,5'JH,05'l »4.801,.310 $."),<«.-) 112 »3 49«,9!)3PreriouBlyreporUd.... 68,003,090 60,070,919 64,553,438 88,453,5i5
Since Jan, 1 $61,60:, 14) $64,878,54') 170,518,570 '$94!930,513
The following will show the exports ot specie from the port ofNew York for the week ending April 0, 1878, and also a com-parison of the total since Jan, 1, 1878, with the correspondingtotals for several previous years
:
Apr. 4—Str. City of BrasselB. ...Llverpoa! Amcr. silver bars.Apr. 4—Str. Frisla London For. gold coin
._,„._ .Hamburg For. itold coin ...
.
Apr. 5—Str. 0(!rm«nic Liverpool For. silver dole . .
,«pr. 6—Str. Oeneral Werder Southampton.. ..Amor, gold coin..-Mex. goldcolu..
.
Mcx. si.ver bars,.
Total for the week TviTn?!Provlonsly reported .....V.V.V. '.".'.'.'.'.'.' ^519!846
Total since Jan. 1, 1878 _, .. j5^,lo9
$30,700ao,0)02,1(K)
109,4428'>0,000
2%5Uf,210
Saaatlmeln—18J7187618751874.
I Same time In—... t3.S2<),10« I lfl7l $t«,«M8M.... M,8i3,:4i
1 1870 7,oei.an... 17,418.. 7) 1889 t,88l,MS... 9.461 031 1 1368 1«,M7.<U
1873 16.510,318I
lf'R7 7.080.0121872 6,B10,073| 18'6 5,691.744
The imports of specie at this port during the same periods h*Tabeen as follows :
Apr. 1—Str. Clly of New York...Vera Cm«.. Amer. silverAmer. goldForeign silver .
Forei:;ngoldbilver bars
Apr. 5—Str, Clyde Asplnwali Aracr. siivtrAnicr. goldForeign goldGold dust
Apr 2—Str. Ocn. Werder Havre Amer. silver. ...
Apr. 4—str. Uudji ...Lagusyra Amer. silver ...
Amer. goliApr, 1—Str. Colnmbns Havana Amer. silver....
Foreign gold ....
Apr. 4—Str. Carnndelet Nassau....; Amer. silver..
$11,071S.213
142.SI58,86013,S«78.243IW
16,0001,6«0aoo
184.148S.2501,K766,f:oo
1960Apr. 5—Str. Bjltic Liverpool Silver bars 313,328
Total for the week »597.7«»Previously reported , 5,203.831
Total since Tan 1, 1878
Same time la—:S77 $5,8438131876 1,4.V.>,1.59
1875 .. 5,06(2431874 1,115,0311873 J,0'.9,'88
1872 ,.. 678,7^3
The transactions for the week at the Sub-Treasury have beenas follows:
.,. $6,606,693
Same time in—1871 $2,90-,6S71870 6. ! 2,6391869 7.187,635
18M 2,68».1641867 6«5,6;8
Cnstome. Gold. Currency, Gold,April 6 . $216,000 $37-2,413 24 $306,0-28 43 $279,970 19
•' 8.... 347.000 447,40<) 78 1,270.831 29 123.341 58" 9.,., .. 801.000 1,126,264 93 200,6-23 47 121,863 17" 10.... . 257,000 470,759 77 602,87'i 97 1,363,133 57" 11..-. . 827,000 510,931 93 260,486 60 )3>i,41t 89" 12.. . „ 278,000 378.918 08 571,378 6) 1,067,391 15
Currency.|277,.529 40925Sfl 18441,312 66431,928 23372.729 80503,116 25
Total »:,780,0:0 $3,336 696 76 $3,201,075 45 $3,091,111 49 $2,954,914 57
Balance, April 5 100.761,364 16 31,907.61193Balance. April 12 107,003,91!) 13 38,163,775 14
From the Comptroller of the Currency, Hon. John Jay Knox,we have the following statement of the currency movements andTreasury balances for three months past
:
U.S. Bonds held as security from Nat. B'les.— Jan. 31.Bonds for circulation deposited $1,K78,100
Boud6 for circulation withdrawn 1,76:3,600
Total held for circulation 346 302,060Bonds held as security for depoaita 13,493,000Leail Tender Notes.—
Deposited in Treasury under act of June 20,
1874 67,500TotMl now on deposit, Includingliquidatingbanks Il,»28,585
R -tired under act of .lanuary 14, 1875 ,,, ^6<,240Tot.i) retired ur.df-r tliat net to cate .';2,3-'9,67>i
Total amount of greenbacks outstanding.. ,349,110,414
Na'iona', Bank Circulation.—New circulation issued 1,072,800Circulation retired 621.S85Total circulation outstanding—Currency, .. 3-20 647,6:10
Gold 1,432,120Notes received for redemption from—
New York 4,381,000Boston 7,P2l,0(fl
Philadelphia 927,000Cincinnati 61,n00ChiciBo IfiS.OfO
Miscellaneous, 4,171,000
Feb. 88.
$8,0SO,6501,870.150
346.622,55013,6il8,00a
325,933
March 31.
$2,710,9003,027,500
346,336,25013,463,000
903,530
11636,799 12,188.962492,400 769,812
,33,381,976 34,151,283318,618,024 347,848,712
615,500 961,640653,148 750,617
320,5o7.8:i 350,761,8941,432,120 1,4-32,120
3,737,0005,372;000768,00023,0001.34,000
3,500,000
8,356.0005,045,000886,000158,000187,000
2,8>1,000 .
Total $13,059,000 $13,539,000 $12,026,000Treasury MmemenU.—
Balance in Treasury—Coin 126,882,989 131,318,156 138,357,608Currency 3,i;0,4<)0 2,690,763 751,851Currency held for re-demption of frac-tional currency.... 10,(100,000 10,000,000 10,0^,000
Com certificates ontstanding 42,733,800 48,456,000 57,883,400
Virginia State Conpons,—Auditor Taylor, of Virginia, hasissued a circular to the collectors of taxes throughout that State,
ia which he states that only such coupons can be received as shall
have matured at the time of tender, and bear npon their face thttt
they are " receivable for all taxes, debts, dues and demands duethe State, " No coupon indorsed with a credit for part paymentis receivable, and in no case will coupons be received unlessaccompanied by the affidavit required by law. The market valueof the bond upon -which the tax is assessed has been fixed by thetwo State auditors at $58, Auditor Taylor also calls the particu-
lar attention of c~>llector3 to the fact that the tax is required to bededucted from all matured coupons when tendered in payment of
taxes or other dues to the Commonwealth, whether the tiondsfrom which they were detached be owned by resident! or non-residents of the Sctte of Virginia,
—Attention is directed to the advertisement of St. Loais city
bonds, which will be found in the Chronicle this week. TheMayor of St. Liuis calls for proposals, till the 30th instant, for
11,328,000 of 5 per cent gold bonds of St. Louis city, payable
twenty years after date. This ia a rire lot of bonds to be offered
in the present times, and there is little doubt of an active compe-tition for them.
—The pale of the Erie Railroad is confidently expected to take
place on the 24th of the present month, and we understand fromgood autliority that the reorganization of the company will beimmediately proceeded with and a virtual settlement of all the
difficulties which have beset this great trunk lino thus finally
concluded.
360 THE CHRONICLE. rVoL XXVI,
MA'riONAL. BANKS ORGANIZED.The Unitea k-^ates Comptroller of the Currency fiirnisheB the
following Btatemeut ot National Banks organized the past week :
8,361—National Bank of Smyrna, Delaware. Authorized capital, $100,000;paid-in capital, $00,001'. D. J. (.'animln-', Prepideut; W.M. Ueil, \. aaliier.
jr uth' riZttd lo cummence bu-ines-B April 4, '878.
O I V I OK fi u s .
The folU.w^na dividends have recently been announced :
! Mch.
Name of CoapAsr.
Railroads.Baltimore & Ohio on etock).
lusurance.Metropol
i
tan
i*sn When Books Cia>8ed.Cent. Payable ^Days inclusive.)
4
10
May 15.
-iVpril 15.
Apl. 18 to May 14.
FRIDAY, APRIL 12, 1878-5 P. m.Xlie Money Idarliet and Plnancial SiltnaUon.—The event
of the werk surpassing all others in importance was the negotia-
tion by Secretary Sherman of $50,000,000 of the 4J per centbonds. Th s transaction was made with the members of theformer Syndicate of bankers, who took the 4 per cent bonds, andthe agrefment is for the sale, for resumption |)urposes, of
$50,00(1,000 United States 4| per cntum fifteen -year bonds at
par and accrued interest and 1^ per centum premium in goldcoin, $10,000,000 to be subscribed immediately and $5,000,000per month during the rest of the year. It seems to be generallyconci ded that the_Secretary has made a decidedly ;favorable nego-tiation fur the Government, and ihe'moral effect on the credit andstanding of our bonds will be much greater since the arrange-ment is made with ihe Syndicate embracing tbose prominentLondon houses than if it had been made with the national banksin this city,
The money market has worked more easily than last week,and on call loans the rate has been 5 to 7 per cent, while on gov-ernment C'lllalerals plenty of money has been offered for 90 day.s'
time at 4^4^ per cent. The last bank statement, on the 6lhinst. , was ratuer a urprise, showing, as it did, a loss of $3,14(J,-
900 in specie and $3,785,400 in legal-tenders, making a netdecrease of $3,506, 00 in tbe surplus reserves, and it accountedin some define for the stringency in money. In prime commer-cial paper there is a moderate business doing at 5 to.O per centfor choice names.Th' Bank of England statement on Thursday showed a decline
of £4.53,000 in specie for the week, but a reserve of 3oi per cent,
against 33 116 the previous week ; the discount rate remainsunchanged at 3 per cent, while money in the opt n market is 3iper cent. The Bank of France gained 5,700,000 francs duringthe week.The last Btatement of the New York City Clearing-House
banks, issued April 6, showed a decrease of $3,506,.5OO in theexcess above their 25 per cent legal reserve, the whole of suchexcess being $12,091,9oO, against $15,'598,400 the previous week.The following table shows the changes from the previous
week and a comparison with the two preceding years
:
, 1878. , 1877. 1876.March 3'). April 6. Differences. April 7. April 8.
Loans anddis. $241..") 0.900 J24u,iii9,'.0C Dec . J641,800 $2t;o,19D,800 $261,786,210Specie 38,767.600 :)6.620.700 Dec. S,Hli,»00 2),5l'7,!«'.0 2i,3a«,8(<0drcalanon.... 19,«12,3CI0 19,944,600 Inc.. 3;,*J0 15.931,900 16.d»7,600Net deposits.. 210,78,400 8U4 6b3,2U0 Dec . 5,7l:),2U0 21.S,246,4J0 207,9a ,3tlO
Legal tenders. 29,425,1('0 26,6 iT.OOO Dec. 2,788,400 'I2,«7,200 38,700,400
(Jutted State!) RondH.—The market for government bond.shas to-day been adjusting itself to the new order of things under•which $50,000,000 4J per cents are to be sold to accumulate goldfor resumption, and s:iles of 4 per ceiits are to go on by theTreasury (so far as possible) and the proceeds to be used for pay-ing oS live- tw.M ties. The demand for government securities insmall lots still continues to be active, and nearly all the dealersiniuvesiment securities report more or less orders received everyday for bonds of small denomiuations. There is also a demandfor larger au.ounts from financial institutions, both in this cityand in ilie country.Closing prices at the Board have been as follows :
April April April April April AprilInt. period.
8e, 1881 reg.. Jan. & July. 107Ji 1117 Jies, 1881 coup. ..lan. & July. 107>4 *107Jies,5-208, 1865, n. i...reg. .Jan. & July. 10)3£ 104H69, 5-i0s.l865,n.i..coup. .Jan. & July. 104si 104KOS, 5-20S, 1867 . .reg.. Jan. & July. •!0;?^ \0:%8s, 5-208, 1867 conp. ..Ian. & July. 107)4 107^88, 5-20a, lata reg. .Jan. & July, 110 •lOWJi68,5-208,1868 cup. .Jan. A July.»!09% 1106s, 10-408 ieg..Mar. ASept. I'SJi 'lOS';68,10-408... CO p..Mar.&Sept. 105Ji6e, funded, 1881 rBg..Quar.—Feb. 1055s, funded, 1881... coup.. Quar.—Feb, 101^4HS, 1891 reg.,yuar.—Mar,»103!i4Hs, 1891 coup.. Ouiir.—Mar. iraji4b, registered, 1907 (Juar.— Jan. 100;i4s, coupon, 1901 Qaar.— Jan.*100»»
.6s, t'urreucy,lb95-99reg,.Jan. & July. 118
105 s<
104 Ji
104 Ji
10.3'i
103%100J4IIjOJ,'
1:8
9.
107 ;i
io7>!r
104 >/,
lO'i^i
•107>,107 >,'
109K•110lO.'.H105H1043ill"'4>i
103>i103lOOH1003i
10.
107J410,%104>i104%107%107J(IlOJi
11.
107 ),(
107?i10454
104>i107 >4
107V4
12.
107%107>4
104 ii
107),107,-
11(1)4 *109!tIIOX!( 9/, '*109Ji
l;t5;i 'lOSWII),")'-, »I05Vi*x3S< 10:-!%
104!4 10l>i103 103«103 1('3X\Wy, 100 )«
loox 100% *iooy,118% *U3 '118
105>610.i«
113%104%103%103lOOi-i
•This is the price bid: no sale was made at the Board.
The range in prices since Jan. 1, 1878, and the amount of eachelasa of bonds outstanding April 1, 1878, were as lollows:
68, 1881 coup.6s, 5-208, 1865, new..coup,68, 5-20S, 1867 coup,68, 5-208, 1868 coup,63, 10-40e coup6s, funded, 1381 coup4>48. 1891 coup.^ VJu, coup.6s, Currency.... reg
Range 8ince Jan. 1, 1878Lowest.
I
Highest.IPJk Feb. 25|l07% A|>ril 6103% Jan.105 Feb.106V Jan.103% Mch102*, Feb.101% Vlch- _
li»)s< April 1(1
117y April 6
3|l04J-4 April6 107% AiTil 6
2 1I0J4 April 12
1 108-Si iau 2625 lil6»i Jan. 24
104)< Jan. 11
lom Jan. 9
VJOJi Jan. 16
.—AmountRegistiTpd.$194,3)5 95!l
48,5,52 650101,W.7,M(l
lr..S--7,5'»)
112.185 701)
a26.33;.80'i
124,2-1<,U5061.831,J0()
64,62:i,612
April 1.-^
—
(Jounon,88.3rtr,40n
58,304 AMVI8. 109,35021.fi77.,s0(
61 S 6002(-2,l(i2,;.51i
76,7, 1,9,50
18,0.8,800
April April5. I 12.
a. S. 68, 6-208, 1867I 107%
I 108% ( 108%D. S. 5s. 10-408
: 105X i 106J4 I 106%Ssof 1881
1
]04!4 I 106% xlOi-JiNew 4% per cents
IlOj
Illi4X ! 104%
-Range since Jan. 1, 1873.-,Highest.
108% Apr. 1!8
109^ Jan. S6106% Jan. 15105%' Jan. 24
IjOWeSL. 1
Iti5!4
1"4!4103%12%
.Ian. 2Feb, 2.5
Mch. 1
Feb. 2,5
State and Railroad Honda.—Sou hern Siate bonds are gen-erally firm, and some of them are in demand at home. The U.S.Supreme Court at Washington, in the case of Murray vs. TheCity of Charleston—error to the Supreme Court of South Caro-lina—has rendered a decision. In this case the C lurt holds thatno municipality of a State can, by ordinance, under guise of tax-ation, relieve itself from performing to tlie letter all that it hasexpressly promised to its creditors. Hence the city of Charleston,which had agreed to ray 6 per cent interest on cer'aln of its bondsto the holders thereof, could not by a subsequt-nt ordinance taxthose bonds and withhold the amount out of the interest as it
falls due.In railroad bonds there is continued strength and moderate
activity, with a good deal of confidence in the better condition ofrailroad property.
Messrs. A. H. Muller & Son sold the following at auction :
SHARES,190 National Park B nk 93148 Metrop. Nat. Bank 117)4200 Bauk of N. Y. Nat. Banklug
Asso 107%4C4 Am. Exch. Nat. Bank..99%@ll^0^270 Merchants' .^ at. Bank 108%225 Contiuent'il Nat. Bank..76%@7610 Bank of America 13386 Nat. Shoe & L. Bank 10930 St. Nicholas N.it. Bank 70SMarket Nat. Bank 101
5 Mercantile Mnt. Ins 608 Four h Nat. Bank 98
87 Sun .Mutual Ii'S SO2Luather Mauuf. Bink 160BOTiad.smen'a Fire Ins 133%14 Mercantile Fire Ins b510 Home Ins 108
20 Bro.jklyii Acidemy of Music.wiih twu :.dmi-s. tickets... 70%
61 ComnuTce Fire lus 609 Commerce Fire Ins 56
25 Coinilienta Fire Ins. .155%@I566) Mech. & Trad.rV Nat. B'k....9 %40 .Mech. * Traders' Nat. B'k. .. 90%6i Butchers' & Drovers' B'k.... 71
BONDS.$1,0C0 Morris & Esmi BB. 78,
conv , due 190J 79%S30 N. Y. Mut. Ins. scrip of
180< 50
The following securities were also sold :
BONDS.$24,540 Commercial Mutual Ins.
scrip, viz : $1,190 of 1871,
92; $i,65U of 187-2, 88; $4,330of 1873, «i^; $3,750 of 1874,
81; *5,72i)bf lo73, 79; $1,770of 1877, 74.
1,000 Jersey City Water Loan78, due IbOl 108X
5,CO0 Kochiister City WaterWorks 7s, due 190:) iOSli
3,030 Ohio State ts, reg., due1881 lOSX
9,000 Central Pfrk Fund 5 percent reg. stock of City ofNew York, due 1898 98
3,0u0 City of Louisville 68, due1886 97
10,00ui iiyfif Boston ,58, $1,000due 1880, $4,i"uO due ii!83.
8,j,yiK) due io84 . . ui3Ji'al0410,000 Ci y of Brooklyn 68,
M'ater Luau, due July,189J 107X
10,000 ' incinnati 6i, WaterBonds, due \U0 E6
3,000 J flersoM RR. 1st mort. 7s,
due ld«, gutr. bv Erie RR. 771,C00 Deiver <K liio Grande RR.
1st nTjrt. 7s, gold, due1900; Miiy,'(7, coupons ou.. -.0%
PHAKDS.100 Staten Island UR 130%18CAm. Dis. Tel Co., B'Klyn.... 514 Nat. Bank of Northern Lib-
erties of Phila 268%2% Farmers' & Mech. Nat.
Bank of Phila 125%fi Phila, Nut, Bauk of Phila , .169%a Bank of N. Amenca of Phila.24a>i10 Nat. Bank of ihe State of
Missouri; cert. 794... 2Jc. per eh.
Closing prices of leading State and Railroad Bonds for three
weeks past, and the range since January. 1, 1878, have been aa
follows:
BONDS.$3,000 Joliet & North Ind. KR.
Ist mort. 78 932,000 Atchison & Pike's Peak
HR (Cev.t Branch UnionPac.) IS, cold, l9t mort 33
8,000 Atch son & Pike's PeakKR. (Cent. Branch UnionPac.) 6s, gold, 1st mort 30^
Closing prices of aecuritios in London have Deeu as loliowa
States.Lonisiana consolsMiBsoun6o, 'tf9or '90
J4orth Carolina 6:^, oldTenucBBce 6e, oldVirginia 68, consol
do do 2d series...
District of Columbia, 3-65s 19-24
RAILltOADS.Central of N, J. 1st consol. ..
Central Pacilic Ist, 6s, gold . .
.
Chic. Burl. AQuincy consol. 7s
Chic. & Norihwest'n, cp., goldChic M. &, St. P. cons, s, fd, 7s
Chic. R. I. & Pac. 08, 1917
I2rie l8t, 7s, extendedi..akeSh. & .Mich.So.lsicons.cpMichigan Central, consol. 78. .
.
Morris & Essex, ist mortN. Y. Cen. & liiid. Ist, conp. .
.
Ohio & Miss., cons. sink, fundPittsb. Fc. Wayne & Chic. 1st
8t. Louis & Iron Mt., 1st mortUnion Pacific 1st, 6s, gold
do sinking fund....
Mch. April April29, 5, 12.
77% •74V 76^4•105« •105 •101
',
15 •15% •15%•38% •a9« 39H•67 •72 •70
•30 •;«)
75 74% 74
68 •68% 6S%106%' 106% 106%
•110% 110% 110%9!X 97 :« 97 X96 V4 96% H6%
•10V% ,.. 107%•113 •113
•1119(4
•108)4 •109 109%•lis •ll'J •119
•119 •119•98% •99?^ •9SK•118K •119 •119•108% 103 •103%1U7 •105% 10Ji4
95% 9)« 93%
^Range since Jan. 1,1878.—,
Lowest. I Highest.74% April I, 85 Feb. 11
104;4 Jan. 7! 106 Feb. 615 Mch. 29 17% Feb. 833% Jan. 4 39% Apr. 11
74 Apr. 12
64 .V Mch.loss's Jan.109 Jan.91% Jau.91% Jan.106 Jan.10 Jan.
109 Jan.105% Jan.115% Jau.118 Jan,15% Fi-b.
118 i'eb.
03 Apri'
103% Jan92% Mch
68%106%110,%
97%1)6%
108113
10 110%51110%5'll9
7il.:0
20:i00!4
8 119!41 5 106%
7 1 107%I'l '^7%
Jan. »Mch. 30Mch. 28Apr. 12Mch. 27April 6Vlch. SOMch 25Mch. 28April 4Mch. 30Mch. 19
Jan. 30Apr. 10
Jan. 34Mch. 9
Feb. 18
• This IS the urice bid; no saie was made at the Board
Railroad and miscellaneous Stoclts.—The stock market
has been fairly steady on a moderate business. The St. Paul
and Northwest atocks have been among the most active of the
speculative favorites, the former closing to day at 47J for the
common, an'l Northwest common at 51|. The market wasgenerally weaker on Wednesday, partly in consequence of the
declarati >n of a scrip dividend by the Baltimore & Ohio company,
but since the Treasury negotiations ou Tliui-sday there has
generally been a more buoyant feeling, and prices at the close
are near Ihe highest point "of the week on several of the most
active stocks. Railroad earnings for March and for the first
quarter of his year, as compared with 1877, will be found on
anotber page.
Tiie annual report of the Hannibal & St. Joseph Railroad Com-
p ny, just issued for 1877, shows the following results :
Gross earnings *J'^o''2SOptiating expenses 1,135,886
Balance net earnings '"^MSDeduct interest on the funded debt 060^
Leaving $133,478
Aniv 18, 1878. JTHE CHRONICLE. 361
ToUl B»le» of the wwK In IcRrtlnL' iitookn w»re an follow» :
A^rll
10.
II.
U.
Lake Wonfn St. Ohio * Del. LShoro. Union. Paul. MiKH. *W.«,« 9 0()0 ij.aio 5,800 S0,5IO
1!1,.|'6 4Bir 21,8,10 \i 1175 ..V87.'>
17.» 5 8,010 40.235 33,110 Vl,TM3 ,n'iO 14, 100 21,S."in 8,fi00 l\H-017.137 8,060 ia.8i« B.TOO 9.800
ai.i'SO 5,aoo SO.SO ] U,1M) B,7ao
Morrli
sooeso
110
P^iC.
Mall.1,720510100
9.2005.1758.I0U
Tolnl 1» .W5 la^WS 44,'287 1 24.3*5 ti5,8;» 90,255 3,725 IS.'SS
Whole »tocl[V."!'.'.151.rtll 4»4,«(» 337.874 151012 200(00 524,000 80,i,0(ie aoO.tOO
Tlie t(H*l numliff of nlmrea of Htock outstanding U (fiTeu in
tbe la»t lino, for lbi« purpoHe of coinparinon.
Thti dally lilirheHt and lowest oricea liave be«-u as follows:
Central or N..I
Chle. liurl.ftq
U. Mil. <E 8t. f.do pref.
ClllC.* North.do pn^f.
C. K. l.« Pac.Del,A H. CanalDel. L. 6. Weat«rleHan. & St. Jot
do pref.ni.Onlial...Lak'^ shore ...
MUhisxnCentMurrl^ftKaaexN.V.< il]..tH.18Olilo* .Mlat...
Parln.Mall .
PanamaWabash, »tockUnion Pacinc.Weat. Un.Tcl.Adama Kxp...Araerlrati Ki
.
United States.Welli. KafKO ..
Qotckallrer'....do pref
BatarnaT.April «.
I(W 1<»lO-.'V 1(B
4 « 8
71 S 7!Kia;x :»!%M« S5HH 51SlOH lov
•2s s;v.. J»«
68J( «8)J71 H ~Xmv 101
9H ««20^ WX
ISO
»X Jo««7« «8yi svx
10 H 101
V
«;< 4)HdX !1
19)4 toII 18S
31
H
Mondar.April 9.
I<5< 1«V10 X 1U3Ma% * H-.-iH rtsil\ 49
TiH 7SlOi, 10!«S3 l»%SSX 56W10« lUK
211^ 2«S
n ;«H101 107
9X inv<
50)4 WH•r!:s ISO
19« :0V<
6^X «"X82 8!S102 I'
8
•19 «»v<
50K 5 V•Six 91
X
•17 19
•30 SIX
Tueaday,April 9.
102X Wi«4.S UXIIV 734»5 49H71 X 12S4102S I02K51X 655?MX V'XlOX Ui<.nx iix
J5X "V66 6I!K
6?X fSK77 77
io«x toskia)»ii3?SI'K 20H
iei4 i««102X !(/.«4i KX7VM 7i«)* 507.« «lOlX ;0KSIH MJC51!4 E5,l<
•OX 1 \
Wodnea'v, THoradar,April lO. April n16 17
ItSXlM4S 4eMV% 7IX17« 49K71 ViJi
101K102>»84« 5i
51H 5'«lOX 1 X!ix :ix•»X 36X•75K 7«
«5>« ««X68 68H'•en TJXUI6X lutylox I'Sns 20)4.... ISO
19X64S'iX
IHf-i. 1^77. IHTa 1877.12,,'tS2 14.9)5 131,141 13fi.31t
«,HI8 t,0t7 7«.4:i8 *8.IOT
2,350 3,5«1 81,388 sun4I,SII 90.409 8t,»8 ao,on«38.17(1 17,551 MIS) 8a.vnSI,7.'S« 31,013 13 ,775 67.666«»l,88.i 15,9« m>.:»l 250.804
719.9' 3 RSI. 110 1.557,303 l.<i«<l,4.'i4
92.000 74,000 iMT.ta 1,033.244
8 delii ng at 100^(31001 00
J5H
19
«7?i81
19 19X«;X 6414
82M Six101 X 10249 4950K 50K•S95 9i
MX I8X•SO 8^
* Ttaeac are the prlcea Did and aaicod ; do ia;< waa made at tbe Board
Total sales this week, and tbe range in prices since Jan. 1
1877. were as follows:
49•50
90•17
so
41'X51
iU19
MXSB es
7«x -exU«s ltl6X
lox loxn« i»126 m18S 19<4
«7X,"KSIX 82XlUIV•ISX 49 X•30 51
«8SX VOX•17 It30
ETrliln^
April 12.
HX '««lOiX II 2X40 H 4;v7.x .2S50 5'.X-,'ii 73ni'X 102V51 W 54X54 X »X"X '. XMX MX26 2«X75X 75X(MX ««X««V 70X7«X 76X10 X 10''XlOX lOXIK 19x
•.... ISO19 l9X«;X 67X8ix pax
1112 10249 49«... 5190 90
•IS
aox SI
Sales1
Wholeofw'k. .—Jan. 1. 1878, to dale.—
,
year 1877.Shares Lowest. Highest. Low. Hii-h
Oentral of New Jersey 2,721 laK Jan. 2 18)i Jan. 14 6 .17'^
Chlcaeu Borl. J^ QuincyOhicairo Mil. & 8t. Paul.
l.lliO 99H i'eb. 28 :06fi Feb. 18 94 I18T<1J4.325 8« Jan. 2 48X April 5 11 42X
do do pref... 7,9.'i0 (8X Jan. 80 7^U Jan. 9 m% 73(4Chicago & Northwestern 129.5S.^ .'SX Feb. 11 51\ Apr. 12 15 4:ix
do do prof... 4:i.S50 r93£ Feb. 9 ;8'/4 April 2 37V li«xChicaitd Rock Inland * Pacidc.
.
4,8tlO »8>< .Ian. 16 lOSX April S HiiH idSXDelaware & Hudnon Canal 7,3.54 45 Jan. 5 1614 Mih.29 a.'ix 74XDelaware I.Ack. &, Western 90,255 46X Mch. B 5«X Mch 2H 30X 77Erie n,.SO! 7X Jan. 5 11 .Ji Mch. 21 4H nHannibal A St. Joseph.... 915
1,900
10 Feb. 28l 12U Jan. 8 717
1V433'.ido do pref 21X Feb. 28 27 Jan. 21
Illinois Central 4401J9.693
7-i>i Feb. 14
59XJan. 1577 Feb. 4f.7 April 5
40K45
7)Lake ^hore 73HMichit^an Central i',12S 5SHJan. 3 rox Apr. 12 35X 74><iMorris & E-s»'x *,;25 67/. Fob. 28 79X Mch.vM .Mir W^H. Y. fviur.ll A Hudson Hiver.. 2,190 103V Feb. 11 1C8X Jan. 9 K5X KDKiOhio & M iaslsaippi 65,885 7 Jan. 161 ItX April 9 23 11XPaciUcMail 18,736 IbWMch.ls' 2:lJi Jan. 16 12>i. !»)«Panama 112 Jan. 5 131 Feb. 25 80 l:to
Wabsjh ftiwk 80.092 lUXMch.141 20% April 6Union Pacific 3,n90
41,23764X Jan. 4' 7i .Mch. 2075J» Feb. 13, ,"3X April 5
59\'
5673
Weetem Union Telegraph 84X155494
98 Jan. 8 lOiVi Feb. 847^ Jan. 14 50 Jan. 2
91
4.H,'
11 5American Eipresa 60 !iUnited Statee Express 164 46 Jan. 22 f>lx Feb. 25 8fi fifiWells, Far^o & Co 199 82'/4Jan. 71 90 April 6, 81
15X Jan. 26S laji Feb. 251 13
00Quicksilver.... 21
do pref 566 i9XFeb. 6 81)4 Jan. 2i 19'i V,
The latest railroad earnings, and the totals from Jan. 1 to latest
dates, are given below. The statement includes the gross earn-ings of all railroads from which returns can be obtained. Thecolumns under the heading " Jan. 1 to latest date" furnish theeroBS raroings from Jan. 1, to, and including, the period mentionedUt the second column.
. Latest eaminj^ reported.-1878.
Atch. Top. & S. Fe... Month of Mch.. fJOti.OUOAtlantic & Ot. West. .Month of F.b... "260,S79Atlantic Mis. A O... Month of Feb... 117,935Bor.C. Rap. * North. l»t week of "pr. 29,038Oalro & St. Ix)ui8 3d week of Mch. 5,253Central Pacific Month of Mch.. 1,224,410Chicaso ft Alton Isl week of Apr. 79.971Chic, r.url AQuincy. Mi.nthof Feb... 911,150Chic.Mil.&St. Paul. ..1ft week of Apr. 109,000Cler. Mt. V. A D.,4c. .3d week of ]tfch. 6,797Dakota South, rn .. .Month of Mch.. 16.988Den». ft Rio Grande.. .Month of Mch.. 64.257Det Lnnsing&North.Month of Jan... 66,903Dabnque ft S. City.. .Month of Mch.. 81,045Oal. If. * S. \nionlo..Month of Feb... 82,185QrandTruok W'kend. Mch.3i) 164,.131Great Western W'k end. M ch . 29 85,696Hannibal * .St. Jo. . . lat wjek of Feb. 26,0fl0Honst'n A Tox. Cent Month of Feb. .. 20 >.883Illinois Cent (III.Une.)Month of Mch.. 400.117
ao Iowa Lini-8..V!onth of Mch.. l.H0,248do SpriiiEf diT.Monthof .Mch.. 12.106
Indlanai). HI. A W.... Month of Mch.. 118.(50InK * Gt. Northern . .Month of Mch.. 103.084Kansas Pacific Month of Mch.. 275,2^3Lonlsv. A Nashville. .Monlh of Jan. .
.
490.000Mlchiiran Central... Month of Mch.. 578.432Mlnneapoii! ft St. L..l8t week of Mch 8,611Ulssouri Pacific Month of Mch.. 362,773Mo. Kansas A Texas. .Month of Mch.. 8:iS,54«Mobile A Ohio Month of Feb... 188,790Mashv. Chatt. ft 8t.L..Monih of Teh... 156,';71New Jerjcy Midland .Month of Feb... a8.3J9Pad. ft Elizahelht'n. ..3 I we, k of Mch. 5,(i79Pad. A M emphis 3d we.k of Mch. 4.349Phila. A Erie .Month of Keb... 180,507Fbila. A Reailine . .Month of Feb... 535.410St Jos. A Wc-tem .Month i.f Feb.. .'i7,7428t.L. A.AT.ii.ihrchs.. Month of Mch.. 87,7448t.L. I. Mt. A South .Mon;hof Mch.. i49,900BtL. K. C. .t North'n 1st week of Apr. 70,25SSt. L. a 8. Francisco .Month of Mch
.
1 99,616
, Jan. 1 to Utest date.1877.
1400.344507.126247.976233,5186.'', 157
3,3111,1.59
1,091.7941.748,6'13
l,3-.8,t>31
:o.-M30,571
131. .5945,61318:.59S1.55.351
2.1(18,73
1
1.2 ..5112
H9,?.ii
1877. 1878.
$189,180 $662,500240,577 .''5J 9il137,990 260.47218.296 466,7875,6 9 38,J'0
1,245.373 S,3i3.41072,685 1,038,708
871, :68 1,956,1117
n0,li26 2,201,0005,980 76,.373
12,607 47.63049,219 179,44845,602 50,91369,01
4
31 ,91071,'i.)4 176.23?
163.437 2,;91,14476,002 l.l-W.BJSS8.9J5 167,14318<,tiO0
863,121 1,209.281113,978 383.0(1
80,474112.0372'iO,284
445,768534,213
3.30,130
247,51.5
174..';93
148,494
42,631
6,888
42,t56331828318.518617.7.)3
490,0001,632,445
79,486!.3<,l/7
634.693400,781331.57796,601
1,0-9.191
307,490
275.8i8422, T23
587.613415,768
1,510,137
861.3737I9,»464;ic,,-,75
308.9609.',835
198.403740,01881,71843,450
850.17856.933
110,733
48,014401.003
1,199,3il0
8 (,514
112.594l,i81.20u
861.114379,303
430.9531,5S0,84'1
.50.993
131.(19l.OfiO 388808 401
318,934
Latest eamlriga reported. , Jan. I to latMt date.
8l.L.AS.E'n (StL.dlv.ISd week of Mch•• (Ken.dlv.)..8d weikof Mch." (Tenn.dlv.)..3(i week of .Mch.
8t. Paul A 8. City Month of Feb...
Sioux CltyASl.Paal. .Month of Keb...Soathern Minnesota. Month of Feb...Tol.PcorIa A Warsaw. Ist week of Apr.Union Paclic Month of Fob...Wabash Isl week (.f Apr.
'••toe Uold 7I«rli«i.—Gold wTliur<>day, and ic-day ranged at 100JffllOO|, closinjr at the lalter
price. 1 he successful sa'e of government bonds to the Syndicate
for the purpose of accumulating f.50,000 000 gold for resumptionpurposes, together with ihe immediate fact ihat it Is presumedgold shiomeuts wi 1, for tlie prfsent, terminate, are the princi) al
points in ihe situation. On gold loans the terms to-day were 4,
4i, 5, 5i and 6 per ceut for carrying; also flat.
Silver decliued in London to 5'.id. per oz. T4ie silver bnughtin Lon on for the United States Government, which has mostly
arrived, is estimated at al)'.ut $0,000,000.
The range of gold and clearings and balances were as follows:
Satarday, AprilMonday, "
Tocsday, "
Wednesday, '*
Thursday, "
Friday, "
8....8...9....10 ...
11.. .
12...
Current week . .
Previous week .
Jan. I to dnte..
O.i'n
OuotationsLow.lUiKli CIos.
100 J4 10 Ti luo;. 100 JJl(»)X mv. lO'X w%:oo% 100?!,- ItOJj II 0«lOOK lOOX 1()0« lOUXlOiiX lO.'; lOOX lOOH100>i m% 100 Ji KO)i
10074 lOOK 100 Ji lOOWmuiiixi^ KllJiHOOX102XKW 102'^ 1 1110!/,
(ioldClcarinsja.
$17,803.009.92:1,>XX)
13.201,1 (•(.
1 9.031,001
18,100,00(1
96,803,000
Balances.—^Gold. Currency,
Jl.ll'8,500 $1,656,915910.700 «j0.'35
1.3.'5..'J00 l,:.36,Dy6l,'96,H0il
1,850,000
1.453,500
1,611,579l,8t0.8«l
1,470,708
The following are quotations in gold for various coins ;
Dimes A half dimes — 98)ia — »SXLarge silver, Ke-fcXs — 9b @ — 98XFive francs — 92J<a — «4>iMexican dollars. . — 94 © — 95Knglish silver 4 75 a 4 85Prussian sllv. thalers — 65 a — 70Trade dollars. — 98 © — 99
Sovereigns $4 80 @ $4 90.Vapoieons 3 87 © 8 92XX Kelchmarks.... 4 72 & 4 18£ Guilders 3 90 @ 4 10
Spanish Doubloons. 15 '0 a 16 25Mexican Doubloons 15 50 (3t 15 70Fine silver bars IW'/ia !19J^Fine gold bars pariio'^prom.
Kxriisnse.—The negotiations with the Syndicate, and conse-quent advance of U. S. bonds in London, have caused a decline
in the a tual dealing prices of foreign excharge. and to-day thebiisinesB waa dull at about 4 86i t r 60 days' sterling, and 4 88Jfor demand.
In domestic bill..', the following were lales on New York to-
day at the undermentioned cities : Savannah, buyi g at 1-18
premium, selling at J premium; Charleston, scarce, par, 8-16@Jpremium; New Orlons, commercial \ premium, bank J pre-
mium ; St. Louis, 7.5 premium; Chicago, 25 to 50 premium; andBoston scarcf, at par.
Quotatlo; s for foreign exchange are as follows:
Prime bankers' sterling bills on London. .
.
Good bankers' and prime commercialGood commercialDocumentary commercialParis (franca)/Vntwerp (francs)Swiss (fra'ics)
Amsterdam (pnildorg)Hamburg (reichmarks)Frankfort (reichra..irk8)
,
Bremen (reichmarks)Berlin (reichmarks)
Apr'l60 days.
4. 86 04.874.85K@4 864.MX(a4 85V44.8) ®i.<[email protected]«[email protected]® 4il^
9514,^
95!ia
9SX(3>
95H95*095 V496)4
3 days.4 89 ®4.89>i4.88X34.694.87 ^4.884.1-6X184 67>45 1 (SfiMa5 15 <mMH5 15 Qfi.13^4rxa 4(HP5«.a -95j<ia
9554(9
9«)i9SX9fiX
BoHtou Maiiku—The lollowing are the totals of the Bostonbanks for a series of weeks past:
Specie. L. Tenders. Deposits. Circulation. Agg. ClearLoans.*
128,034,700127,951,9001-J7,«!'9,700
18-1,(30,400
137,723,900
1-J9,026,800
131.015,000
130,875,000li9,08-2.100
131,596,3110
r2').920,.5(
125,l-;l.60O
123.322,1 00l-i4,416,l>
134,1 84, 100124,i.50,!KX)
12l,.537,.00124.2..7,3O0
I250i(i,-.00
1877.
Dec. 3..Dei-. 10.Dec. 17.
Dec. 34.Dec. 31
.
1678.Jan. 7..Jan. 14.Jan. 31.Jan. 28.Feb. 4.
.
Feb. 11.Feb. IS.
Feb. 25.Mir. 4.
Mar. 11.
Mar. 18.
Mar. 25.Apl. 1..
Apr. 8..
Philadelphiaare as foUown:
Loans.
$2,811.500
3,0 '4,280
2,910,8102,9S5,«(I0
3,347,900
4,293,4005.1(10,100
5,366,4105,17 .0(
5,1S».3.05,381.'-00
5,119.0004,91)2,900
5,024,4005.433,700
5,850,7(0«,2»4,40O6,412,-i(<l
6,5:7,-200
Banks.-.
$5,601 ,.500
5,647,5005,5ii0,.500
5,755,4006,IM3,700
5.024,8005,0; 4, (00
3,982.8003,710,8003,660.. 003.! 9-2.700
3.:.12 7003.6-8.30)3.991.1)00
4,(H9.400
4,113,1004,114,0(10
4.47,0004,4)3,600
t5fl,673,';00
50,1 ,'<,K0O
49,745.500511.211, .00
50,615,. 00
53.767,00051.481,10050,0(10.0011
48.8)3,900
48,152 80049,1104,1 0048.8 5.."«)
43,9(15,5 O49.40|,-200
49.035,M(
49,21, ,400
48.5r.',600
48,975.80050.O;9.300
24,110.20024 fi37.200
84,561.40021,550,00124,336.400
24.786.300
24,8 0,;>00
24.8-i3.200
Sl.1.26 60034 7.59, 0025.(6 ,"(0
2 ,2 6.10O2J.100.3oO25,2<7,;0025,114.30025,273,( 003-.,21 1.70025.-JI7.40l
83,452.500
$42,8)5.(186
47,9()7.868
45.502,5794(i,87s4re39,552.908
58,110,10(5
51 453.37161,3(6,3474>,295,8n8 ',146,161
44.371.06441.564.--'i8
34,3(X.8ia40,546,1654-2,1-21,310
43.612,.375
4 4, ./SI.06538.2 r,45349,031,-07
-The totals of the Philadelohia banks
187T.Nov 19.
Nov. 26.
Dec. 3..Dec. 10.
Dec. 17.
Dec. 24.Dec. 31.
1878.Jan. 7..Jan. 14.
Jan. 31.Jan. 28.Feb. 4..Feb. 11.
Feb. 18.
Feb. -J5.
Mar. 4..M(ir. 11.Mar. 18.
Mar. 35.Apl. 1..
Apr. 8..
$59,610.03859,1.5081959.096.73559,41.28859,(l7li.4'.l4
59,4(18. 8(658,566.9-26
59.400,56759.585,151
59.7)7,83869,127,7l'0
58,7-J ),4205-,i 9^.371
58.935.73756,893,04058,h7»,84058,69«,lia0
58,4 .'0,683
58,S!H,716.'>>(. 197, 7368,971,947
Specie. L. Tenders. Deposits. Circa'atton. Agg. Clear
«1.412.533
1.410,1311,.S35 601l,3l8..3o«
1,310,2691,314,335
1,517,841
1,769,-M81,830,17!
3,014,6898,076,1(133,IJ9,''4-)
2,235,0902,185,-.1-M
3,113.8973,< 74,H^3.112.7828,.38«,625
3,811.63*3,.359,978
3,861,819
$13.629,61413,'.?:, 16913,8>'3.237
18.^92. '.SO
13,!87,.539
12.138.322
13,335.831
l.Z,3S1.352
13.3 0.65512,911,8-2712.'^ 30.4131.3.319,450
1.3,IS->.57«
1-2,579,143
I-',6'iO,-258
12,194,,312
I3,6.15,T56
12,143,650l«,-26»,( 85II,458,.'6710,882,4«0
»48.S67,785
47.813,9 747,853.2.747.(i.i3..3<9
4ii.7IO.:M7
48,402,81346,11,2,613
47.247,14447.1>7.08447,014.7404H.418.848
46,3)2.31545.781 84745,374 99146,137,63745. 03,6.30
44.901.11344.770.25144,546,01743,70.3,88148,456,531
S10,66,72810,113,56310,70i.40J
10.771,71«10.779, 196
10.848.315
10,866, 05
10,931.368lO.KIO 6.39
10.975.5841(..990,44»
10,99 ,361
10.988.741
I ,976,75811, M, .90
11,(03,7*4ll.(H8,028
11,00 ,415
II o;5 9."6
11,071,-03
11,107,370
«34,<'41,032
33,674,01038.i74.53(
87,510,7603lt.lt9l,.35S
85,183.847»,4M,!9S
37,839.84686.3fO.B75l0.S3B.55g29,47 i.^ei
29,^0.•.2I8
38.540.80828,8:4.357M.iis.esT33.100,00888.104,101> 9,738.674S9,»HI.91638,518.71787,l»),888
362 THE CHKONICLE. [Vol. XXVI,
Mew Ifork CUjr BanK«._The followincr statement shows theeondition of the Associated Banks of. New York City for the weekending at the commencement of business on April 6, 1878:
Banks
-AVERAGE AMOUNT OFLegal NetLoans and
Capital. DiscouQts. Specie. Tenders. Deposits.
New York 3,000,000
Ma hattan Co... 2,050,OCOMerchants' 3,000,000Mechanics' 2,000,000Union 1,300,000America 3,000,000Phoenix 1,000,000City, 1,000,000Tradesmen's .... 1,000,000Fulton BOO.COO
8,839,600 4,086,800 603,300 9,539,4005.8»3,100 1,441,000 530,100 5,060.-IOOt<,2:i8.8liO 1,811,000 \)U,100 7,47^.1006,177,20) 631,700 472,000 4,506,3004,118,100 665,800 2)2,200 3,110,9008,009.000 2,074,-iOO 943,300 6,900,4002,796,000 443,000 144,i)fl0 2,511,0005,337,700 2,03S.800 l,-i»0,000 4,63!,8003,078,300 290,300 314,000 l,75i,0001,583.900 290,iOO 317,900 1.241,300
Circula-tion.
i40,0007,500
115,100167,100135,00)
1,100S53,00O
Chemical SOO.OUO 10,043.900 2,032,700 1,545,600 10.081,600Merchants' Exch. 1,000,000 3,585,300 384,700Gallatin National 1,5J0,000 3,411,400 436,000Butchers'cfc Drov. 500,000 1,393.000 97,000Mechanics' & Tr. 600,000 1,454,000 9,300Greenwich 200,000 869,0ii0
Leatiier Manuftrs. 600,000 2,365,300Seventh Ward.... 300,000 846,4(i0
State of N. Yorli. 800,000 1,636,900American Exch'e. 5,000,000 ll,S5i,000 !,092,i'00
Commerce. 5,000,000 12,6S8,200 2,01?,6C0Broadway 1,000.000 4,443,200Mercantile 1,100.000 3,361,700Pacific 422,700 2,087,100Republic 1,500,000 3,149,100Chatham 450,000 2,979,300People's 412,600 1. 249,200North America... 700,000 1,561,900
Hanover 1,000,000 5,046.700Irving 600,000 l,9li0,600
579,600151,10039^,200
6a3,100403,70093,500
253,800303,200
6,600123,000710,SC0
,100
368,200164.400159,000237,800190.400343.60098.300
122,400750,000993.^00267,400419.500365,900247,900337,400185, 0025l,0
260,VOO190,800
2,886,6001.760,2001,003,000970,000786,400
2,256.40079o,400
1.473,9008,37.^,000
6,597,7002,641.8003,057,0001,691,9001,712,3002,615,6001,051,300
l,371,4f04,478,(HX)
1,931,100
785,300
627,400163.0(<0
278,000l')H,0fi0
2.700559,00036.SCI0
45,000223,000
1,977,100
898,800180.000
450,009401,000
5,400
445.00075,000
9,472,000 S,250,0(X11,548,800 202.000
Metropolitan 3,000,000 12,7.32,00O 1,340,000 1,OC8,000Citizens' 600,000 1,623,300 83,000 485,900Nassau 1,000,000 1,977,800 103,100 23<,000Market 1,000,000 2,687.900 280,000 217,^00St.Nicholas l,a)0,000 1.932,800 11-3,600 137,400Shoeand Leather. 1.000,000 3,65i,000 ,'133,500 3410)0ComEichange... 1,000,000 2,931,300 231,500 303,000Continental 1,250,C00 3,213.100 111,400 8SU.600Oriental 300,000 1,23S,300 23.500 205.100Marine 400,000 2,016,200 113,600 316,000 .„.„„„Importers'&Trad. 1,600,000 16,011,900 1,760,100 2,S26,9oO 17,265,600 1,112 400Park 2,000,000 13,450.500 2,116,800 1,539,800 14,114,000
1,872,500l,835,4(i0
"43,8002,72:3,900
1,796,3002,086,400l,0.'-0,:iOO
1.883,000
3.iK)0
Si 4.6a.498,300454,100
4,700780,300
887',i"66
Mech. Bkg. Ase'n. 600,000Grocers' 300,000North itiver 240,000BaftKiver 350,000ManuJ'rs' & Mer.Fourth Nalional..Central National...Second National..Ninth National...First NationalThird National...N. Y.Nat. Kxch..Bowery National
.
New York CountyGerman American
Total.
100,0110
6)3.400506,400793,100726,100428,300
35,4001,400
16,10065,10065,300
75,700109,100139.10068,10084,700
o«0,(X)0
308,100
3,500,000 13,661,300 1,450,600 1,440,7002,000,000 7,1(10,000 443,000 998,000300,000750,000600,000
1,001,000
300,000250,000200,0760,000
1,896,0003,344,9007,570,0006,260,7001.017,7001,1 60, .500
1,166,4002,046,300
309,0001,133,300],322,30O231,30913,000
280.500
617,000648,100681,000449,90085,300
211,000318,900161,400
432,100457,900649,100535,.500
447,10011,152,700 1,051,2006,706,<00 1,495,0001,963,000 270,000
98,900
3,054,500',765,600
6,346,000766,800775,000
1,205,600l,9i5,300
600.1)00
4riO,(Kio
789,800269,.300
224,500180,000
....65,523,200 210,049,100 36,62,1,700 25,637,000 204,663,200 19,
The deviations from returns o^ previous week are as folioLoans Dec. J9i:,800 | Net Deposits Dec. |6,Specie Dec. 2,1)6,900 Circulation Inc.Legal Tenders Dec. 2,788,400
1
The following are the totals for a series of weeks pa-<t:
Loans. Specie. L. Tenders. Deposits. Circulation. Aze,1877 S £ £ ft A
Oct. SO.. 238,183,800 16,515,900 35,91't,300 19,5,561.503 16,2)0,300 478Oct. 27. 236.387,400 17.322,401 39,235,100 19i,848.7i)0 16,726,000 437!"— " 2:36,216.600 15,9.35,900 39,531,900 19!.364,900 17,156,800 458
2.33,^63,300 18,764,500 33,50:3,100 l'!.3,557,300 17,730,200 358'
836,303,300 19,451,800 .39,-382,900 196,501,500 17,811,'.)00 401Nov. 24. 2:35,339,800 19,767,8i)0 39,919,,00 19;i,534,!)00 18,101,500 417Dec. 1.. '.(.33,439.600 18,324,000 40.579,800 196,961,500 18,110,300 369
238,578,200 18,995,000 58,478,700 196,9:2 3>;0 18.308,:-'00 488'237,514,000 19,566,800 37,563,900 195.896,400 18,676,71X1 426'2:39,764,30J 19,6?4,':00 86,067,500 194,842,,500 ll!.293,90,) 4;2239,173,900 23,122,400 35,30O,50J 197,711,800 19,657,600 334,
239,256,100 25,307,500 31,612,000 201,981,500 19,787,100 41228!i,936,-300 27,091,200 34,RO4,000 303,666,000 19,861,600 4032:36.931,200 38,477,.5«0 37,:89,:300 203,97 3,:300 19,841,800 40823S,404,:30O 31,193,600 37,231,20.1 207,171,200 19,793,:0) 378.
Feb. 3.. 241,3;5,.50l) 31,330,000 37,-363,300 210,:301,rO:) 19,761,300 34o''Feb. 9.. 243,05;,:500 33,146,900 34,877,006 211,713,000 19,687,100 341Feb. 16. 242,859,900 33,011,600 34,845,600 212,132,000 19,781,200 34)Feb. 23. 243,659,100 -32,:379.400 a3,978,0OO 210,891,600 19,806.900 289Mar. 3.. 216,456,300 33,336,400 3:3,1:37,900 313,9:3:3,400 19,8,38,500 4U0Mar. 9.. 246,330,600 87,116,900 30,655,<.'00 216,153,900 19,'-a5,HX) 377Mar. 18. 243,978,900 39,54.5,900 ;30,336,300 2I5,0-5,100 19,910,700 40]'Mar. 23. 241,566,700 39,687,500 29,60,5,700 211,9,38,500 19,906,300 3^3Mar. 30. 241.5 0,900 38,767,600 29,425,400 210,378,400 19,912,-300 359Apr. 8... 240,649,109 36,620,700 26,637,000 204,663,200 19,944,600 441
944,600
W8 :
15,200
33,300
Nov. a
.
Nov. 10.
Nov. 17.
Dec. 8..Dec. 15.
Dec. 22.
Dec. 29.
1878.Jan. 5..Jan. 12.Jan. 19.Jin.
. ClearS
,165 ,,840
,387,453, 035,653.00,5,167
960.936,104,418
,512,964
,943,339
,935,792
,404,646
,336,660
,729,867,312,618
.472.874
,019.773
314,147105,462,070,124
4S7,491609,630110,111
593,077,731,072)53,328
443,055
ftUOTAtrO.NS IN BOSTfliV. PlIILAUELPniA AMD OTHER CITl KS.
BXOUBITIRB.
BOSTON.Maine 6bNew Hampshire 6sVermonteBUastachueetts 5s, goldUostou 69, currency
do 58, goldCblcago sewerage 78
do Muuiclpal78Portland 68Atch. & Tcpekalst m.78
do land granttado 2d 7sdo land Inc. Us..
BOBtonoE Albany 78do 68
BoBton & LoweinsBoston A; Malue78Burl. & Mo., land arrant 7s....
do >eb. 88, 1891do Neb. 88, 1883 -...
Conn. A PassumpBlc, 7*=, 189?.FitchbnrgUR,*fi
do 78....Kan. City Top. & W., 7b, 1st
^ do do 7s, Inc .
KaBtern, Mass., 3\<8, new. ...Hartford & Krle7a. ar-wPgdnnwhtirg A I ale*" <">i.«J«i
I13>i
91%65J6105
106
80
M5>4
in
lO'i
8KOURITIS8.
01dColouy,78flo «a
Omahs & S. Wc^^ern, 83 ....Pu?blo& Ark. Valley. 78Uutland Ss.Ist mortVerin't C. 1st m.,7B''Rrmont & (Canada, new 8a..Vermont & Mass. \i U., 6s ...
.
STOCKS.Atchl=on & TopekaBoston & AlbanyBoston & LowellBoston & MaineBoBton & ProvidenceBurlington & Mo. In NebCheshire preferredCln. Sandusky & ClevConcordConnecticut RiverConn. & PABsumpsIcEastern (Mass.)Iilaetera (New Hampshire)...FltchburgMan^eeter & LawrenceNashua & LowellNew York A New Knglanfl...Northern of New HampshireNorwich & WorcesterMedencM. * L. Chamnlaln ...
Bid. Ask.
MOJbv.o
3SM
133
80128
108^
21125
107lOO-KHO
2?i
BOSTON, PHILADBLPHIA, Etc.-Contiuued.
6RCORITIK8.
OgdenBb.&L.Champrn,pref.*Old ColonyPortland Saco & Portsmouthnaciaud, common
do preferredVermont A CanadaVermont A Massachuscttb*.Worcester* Nashua
PHIIiADE:i.PHIA.BTATE AND CITY BONDS.
Penna. 58, g'd, int.,reg. or cp.do 5s, cnr.,re^do 53, new. reg., 189^-1902
do 68,10-15, reg.,l-7T-'8a,do 6s, 15-35. reg.. l882-'92do 63, In. Plane, reg.,*i379
PhiUdelpula, 5s reg .
do 6s, Ola, reg...do 6B,n., rg., prior to 'Kdo 69,u.,rg.,!895& over
Allegheny County 59, coup..
.
Allegheny City 78, reif
PlttaDurg 48, coup,, 1913
do 5b, reg. & cp., 191*.
do 68. gold, regdo 78, w't'r ln,rg. Acn.ilo "8, itr.lmp..reff.,'S3-36*
N. Jersey 68, reg. and coup, .
.
do exempt, rg. & coup,Camden County 6s, coupCamden City 68, coupon......
do 78, reg. A coupDclawsrefis, couponHarrlsburg City 6», coupon .
.
RAILROAD STOCKS.Camden & Atlantic
do do prefCatawlBsa
do prefdo new pref
Delaware A Bound Brook....Bast PennsylvaniaElmlra A V/llUamsport
do do pref..Har. P. Mt. Joy A Lancaster.Huntingdon A Broad Top...
do do pref.
Lehigh ValleyLittle Schuylkill>\lnehlllNtisquehonlng ValleyNorrlstownNorthern Paclflc, prefNorth PennsylvaniaPennsylvaniaPhlla'iclphlaA EriePiilladelptilaA HeadingPhiladelphia A TrentonPlilla.Winning. A BaltimorePittsburg Tltiisv. A BuffUnited N.J. Companies _
Westchester consol. prefWoet Jersey
CANAL STOCKS.Chesapeake A Delaware....Delawnre DivisionLehigh NavigationMorns....do pref
PeaoRvivanla .
Schuylkill Navigationdo pref.
SusquehannaRAILROAD BONDS.
Allegheny Val., 7 S-lOs. 189S.
do 7s. E.ext.,1910do Inc. 78, end., '94
Belvldcre Dela. l st m., 68,con.Ho 2d m.68. 'Si..
do 3dm. 68, 'i7..
Camden AAmboy 68,coup,'33do 6s, coup., 'S9
do mort. 63, '89
Cam. A Atl. lat m. 78, g., 1903do 2dm., 78. cur.. '80
Cam. A Burllngtun Co. 68.'97,
Catawlssa Ist, Ts, conv., 's2. .
,
do chat, ra., lOs, '88 ..
do new 7a, 1900Connecting 68, 1900-1901
Dan.H.A Wllks.,lBt.,78, '37".
Delaware mort., 68, various.
.
Del. A Bound Br., 1st. 7s. 1906
EastPenn. ist mort. 78, '83 .
K1.& W'msport, i&t m.,7s,';S0.
do iBt m., 5s,perp,Harrlsburg Ist mort. 6s, 8i.
H. A B. T. 1st m. 78, gold, '90,
do 2d m. 78, gold, '95.
do 8d m. cons. 78, '95'
IthftcaA Athens Ist g d, is., '9(1
Junction 1st mort. 6-», '82
do 2d mort. 63. 19J0 ...
h. Sup. A Miss., iBt m., 7-, g.*
Lehigh Valley, 63, coup.. 1898.
do 68. reg.. IS^i.
do 78, reg., 1910do con. m., 63,rg.,19.iS
do do 68,fp.49 3Little Schuylkill, Ist m. 73 '-a
North. Peuu. Ut m.6s, cp.,'85,
do 2J m. 78, cp.. 96.
do gen. m. 78, cp., 1003do gen. m. 79, reg., 190'^
Oil Creek l&t m. 7s, coup.,'8;.rittBb. TItusv. A B., 78, cp..'96
do scripPa.&N.Y.G.A RK.78,'9ti-!906.Pennsylvania. 1st m., cp.,'80..
do gen. m.6s,cp..l9:0-do een. m. 68, )g.,19]0.
do cons.m.6',rg., 1905
do cons. m. 68. ep., 1903.
do Navy Vard 6b, reg.
.
Perklomen 1st m.83.coup.,'j;Phlla. A Eric Ist m. 6s, cp.,'8i
do 2d in.78.cp.."SSPhlla. A Read. Ist m. 63, '43- '41.
do do '48.49.
do 2d m., 78, f p..'93
do deben.. cp., '93"
do do cp. cff..
do scrip, 18S2.
do Tn.m.78, cp,18ft6
do cons. m. "8, cp..t9i!..
do cons. m. 7b, rg..l9:i..
do CO 8.m.6s,g.l.l9ll....do COnv.78.rg.Acp.l893'do 7b, coup, off, '93
do scrip, 18S2Phlla.Ai:piia.C.AI.dcb.78.i.2
do deb. 78. coup, offUo scrip, 1882
* In defanlt of Interest.
104)^08
111
30H
110 IlOiX104« 104k-114
104' i'08112 n.s112 113i'3MKill .•*.
50K110270 HO
238«
47H459515M
28H»
135s120
HUH'30
17X50120
107SO28104M
'w310!102109io;i
96U101
89102
104
25J»
110
9797
105>s
10198103
38
105981t(j5
S639444845>^981938
'^11%
^^
mm100
5
107k
33H4k
109}s
103
03
106107H
:i21I2X114
97f«97*1
103losx90
11410I5<107lOilH
92W
iOi">i100loa^i
100)4
SECURITIES.
Phll.&l?., m.7s, reg.&cp..'92-3Phlla. Wllin. « B.n. 6s, '81
. .
.
PUt3.Cill..fe St. Louis 7s, 1900Stiamokin V.& Pottsv. 7a, 1901Stoubenv. & Ind. Ist, 68, 1884.Stony Creek Ist in. 7s, 1997.. .
.
8unbury& Erie Ist in. 7s, '97..
Union &TIIUSV. 1st m. 7b, 'sIO.
LTtilted N. J. cons. m. 6s, '94.
Warren & F. l»t in.7s, '98,...West Chester cons. 78, '91
West Jersey 68, deb., coup. ,'83
do Ist m. 68, cp., '96
do l8tm.78,'97Western Penn. KR. 6s. :893..
do 68 P. B.,'96
CASAL BONDS.Chesap. & Uela, 6s, reg., '86.
Delaware Division 6s, cp.,'I8Leblgb Navigation 68, reg., '84
do RB., rg.,'9-no cvnv.,g., rg.,'91
do gold, 'ii....
do cons, m.78, re.,191iMorris, boat loan, reg., 1885.Pennsylvania 68, coup., '.9i0.
SchuylKlll NaT. 1st m.Ss, '97.
do 2d m. 63. modo 6s. boat& car, 1 3:Sdo 7s, boat & car, 19 5
Susquehanna 6s, coup.. 19.3
.
BALTIMORE.Maryland 6s, defense, J.& J.
.
do 6s, exempt, 1887 ...
do 6?, 1890, quarterly..do 5a, quarterly
Baltimore 6a, iS81, quarterly.do 6s,;8S6, J.&Jdo 68, 1891', Quarterly. .
.
do 6s, park, 1890, Q.—M.do 6s, 1893, M.&Sdo 6s,exempt,'iS.M.&S,do 1900,J.4Jdo I'dOi, J.iJ
Norfolk water, 8sRAILROAD STOCKS. Par.
Balt.&Ohlo 100do Wash. Branch. 100do Parkersb'g Br..50
Northern Central 50Western Maryland 511
Central Ohio 50Pittsburg & Conne11sv1Ile..50
RAILROAD BONDS.Bait. & Ohio 68, 1880, J.&.T.
.
do 6s, 1886, A.&O.N. W. Va. 3d m..guar.,'85,,I&.IPIttsb.* Conneir8V.7s,'98,J&.'Northern Central 6», '85, Jifc.l
do 63,1900, A.&Odo 6a, gld, 1900, .J.&J
Cen. Oblo6a, lstm.,'90,M.&S.W. Md. 63. l8t m.,gr.,'90,J.&J
do 1st ra., ISO), J.&.I...do 2(1 m., guar., J. & J
—
do 2d m.,prefdo 2d m.,gr. by W.Co.J&.Ido 6s. 3d m.. guar., J.& J.
Mar. & Cln. 7s, '92, F. & A ...
do 2d, M. &Ndo Ss,3d,J.AJ
anion RU. Ist, guar., J. & J.,
do Can on endorsed.MISCELLANEOUS.
Baltimore Uas certlllcatee. .
.
People's Gas
CINCINNATI.Cincinnati 68 j
do 7s 1
do T30S tdo South. KB. T30B.tdo do 68, gold, t
Hamilton Co., O., 6s. long., .t
ao 7s, 1 to 5 yrB..t
do 7&TS0s,long.tCln.* Cov. Bridge st'k, pref.Oln. Ham. & D. 1st m. 78, '80
do 2dm. 7b, '85..
Cln. Ham. & Ind., 78, guar. . .
.
Cln. & Indiana lat m. 7s
do 2d m.7s, 'iT...
Colum. & Xenla, Ist m. 75, '90
Dayton & Mich. 1st ra. 78. '81
do 2dm. 7b, '84
do 3d m. 78. '8S,
Dayton & West. Istm., '8i...t
do IBt m., 1905
do Ist m.68, 1905
Ind. Cln. & Laf. Ist m.78..do (l.&C.) l8tm.78,'S8
Little Miami 63, '63
CIu. Ham. * Dayton stock.Columbus & .\enla stockDayton & Michigan stock
—
do 8. p.c. st'k, guarLittle .Miami stock
liOUISVIIiIiE.Louisville 78 t
do 6s,'S2to'87 +
do 88,'9;tO'9« tdo water 6s,'87 to '89 t
do water stock 68,'97.t
do wharf 6s +
do epec'I tax6.^ of '89.tJeff.M.&1.18tm.(l&M)7b,'Bit
do 2d m.,7sdo let m. , 78, 1906....
t
Loulsv.C.A Lex. ist m. 78,'97.
ex pa^t-due c uponfl +
LouIs.& Fr'k.,Loul8v.ln,68,'8:LoulBV. & Nashville—Leb. Br. 68, '86 tIst m. Leb. Br. Ex.,7s,'80-S5.t
Lou. In. do 68, 'il3...t
Consol. Istm. 7s, ".>8
.letTeraon Mad. & IndLouisville* NashvilleLouisville Water 6a, Co. 1907
1
ST. I.OUIS.St. Louis 68, long t
do water 6s, gold'
do do do newds bridge appr.,g. 6s
do renewal, gold, 63
ao sewer, g. 68, '9 -2-3,
St. Loula Co. new park, g.6.<
do cur. 78
St.L.&SauF. Uli.bds, sor's
do do dodo do do
t And Interest.
Bid. Ask,
103988082M
70
102
108UOlOi100105107110110110113112111112
74185
1)3.4
1
101^4103H9000104van931010895
lO'i
65103lOS1-5
3Ht12^
ioiHi
101
97104106»8H80971001046510395
'04
701U3102948810085750090981298
8788k
10 !k
lOlH
101«104 »,
t 1 1141.4
t'111411.4
104101
' 4022«20
100
10087
61H90
10S«113112102108110
112114UH113«iia114
75150
14S2B6
103«104)410390«1059903ii98112100112US1061138932«13
!02«
10314
1001(6IDS100901001041107810498
'96
781001039691
ilO
80029110015993S8888 I10409)4mw10)499)4
88103X
103100
100100ma102
40'
101
105)4105)4105105108103
50-.8
22)4
ApniL 13, 1878. J THE CHRONICLE. 363
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.JT. 8. Bond* and aetitt Railroad Stoekt art ijxioUi on a prtviout page. Price* repreient the per cent talue. whatever tJie par may be.
STATB BONDS.
•BOVU^US^ Bid.
"i2090
iim100108I07HIDDJ101101
A>k,
'7777
'if
ftlOOBlTin. Bid.
laM58fie
DAseB6
Aak.
«6
103
104
108)v
laODBITIB*. Bid. Aak. aKvama*. Bid. Att.
Now Tork Slalo-»a,U*oal Loan, 1878<a,(a!!l,rGg....l8S:•i, do coup..!887ta, do loan. ..1883it do do . IMIla, do do . I8«7<a, do do .1898
N orth Carolina—«a,old..l.ft.fdo A. ft
70so50
8**
8aw
105H
Ohlo6a,:886Raod« Ialaod6«a^nth Carolina 6fJaa.ftJuly
11840
434!l
30
is27S48470
S^304kim74
""
do IW.'I88«
do 8..1S98do 6a. 1888
•<ao ft. new noatV debt,do 7i.Peutt«nll«ry
dS 8a»r«K:KK..do 8a, Ala. A Ob. K
AprllftOctFundloar act, 1866do 88, do
do (M, do 1913
• •••
do 8a of 13% Land C, 1389, J. ft J .
*'*
do 8a,of lilO
ArkllD"U 0a, fnilclrrl.
do >. I. t: Vdo 7a,oonaolld*t«d 78M
74Ji101
ioiH108lOSM104I04^loix105106loa103
7«of 1888 ;....Non-fundable bonda
Michigan la, :S7S-7t W<do 7a,!.
do 7a, Mi-do 7a, Arlc.Ucul. lUC.
do 6a, 1883do 7a, 1890
Mlaaoarl 6a, duo 1878do do leaortfldo do 1386do do 18'<7
do do 1888. ...
do do 1389 or '%>. . .
.
Aaylum or Un.,due 1894FOQdlDS, due 18M-e.Han. 6kBt. Joa.,dael886
do do IW7..
N.C. KU J.* J do 6a,nQVdo 6a, new s«r1ea
Vrglnlaet.old6a, new bonda, 1866
do .. ..A.*0do conn, off, J. ft Jdo do oir.A.ftO
Fandlngact, 1866
!";
eeorgia (> 6«, do 1861•e,conBol. bonda6s, ex maturc<[ coup6b, conBol., Ijd serlea
do 1868***•
do 7b, gold bonda... do A. *0Special tax, Class 1Illlnola ta, coupon, l»J». .
.
<s, deferred bondsDlitrlct of ColumblaS-eur, '9«4
do ainall. ..
do refflsfered
5do Claast
Keatnckjla do ClaaaSOlili6a.l8«1
....
RAILROAD AND IfllSCELLANEOVS STOCKS AND BONDS.Hallroad StocH*.
{AcUvtpreri'nxty quot'd.)Albany ft Sus.juehunna. .
.
Burl. C. Hap. A: Noribern.Central PacificCblcasoft Alton
do prefCleTB. Col. cm.* 1
Cleve. ft IMttsbufif, guar..Col. Cblc. ft 1 CentDubuque ft Slouz City. .
Krie prefBarkmJoUetft ChicagoLong IslandMlaaourl Kanaas ft TexasNew York Elevated Kit..
N. T. New Haven ft Hart.Obloft MI'^tBS'ppl.prefFltta. Ft. W.ft£bMguar..
do do epeclal.Benaaelaer ft Saratoga .
Rome Wa'.ertown ft Otf.8t. Louis Alton ft T. U ...
do do pref.BelleTll'.eft So. IlL.pref
.
8t. L. 1. M ft Southern...Bt. L. K. C. ft North 'n.prelTerr« Haute ft Ind'polla .
unnedN. J. R. ft crniaeel'ons Stocks.Atlanllcft Fa. TelAJn. District TelcKrapb. .
.
Canton Co., llaUImoreCent.N. J. Laud ft Im. Co.American CoalOonsolldst'n Coal of Md.Cumberland Coal ft Iron.liaryUnd CoalPennsylTonla CoalSpring Mountain Coal...Mariposa L. ft M. Co
do do pref,Ontario Silver MiningKallroad Koiida.
(iSloc* Kzrharnje Pricetf.)
Boalon U. ft KrIe, 1st m..do guar. ...
Bnr.C. K ft North., Isi Ss.
.
Ctaesa. ft Uhlc 6s, 1st m.<io exconr
Cblcago ft Alton Ist mort.do Income.
JoUet ft Chicago, 1st m.La. ft Mo., Ist m., guar..Bt.L.Jack.ft Chic. ,1st ni
Cblc. Bur .ft Q. S p.c.lstmdo consol. m.
"
do 5s s. fChtc„Kk.Isl ft Pac.-8.F. Inc. 68, '95
6s, 19:7, coupon68,191", rcglsfd
Central of N. J., 1st m.,do do iBt consoldo do convLehigh ft W. B. con.guatAm. Dock ft Imp. bonds
Ch.Mll.ftSt.P.latm.'ia.P.Ddo iAm.' 310, dodo 1st 7s, (g ,K.1J
do Ist 7s li dodo Istm., LaC.I).do lBtm.,I.ftM.[)do latm., 1. ft D.do latm.,H. ftU.do Ittm., C. ftM.do consol.slnk.fddo 2dm
Cblc. ft N. West. sink, fd}do Int. bonds.do consol. bdedo exi'n bds..do 1st mort..do cp.gld.bds.do reg. do
Iowa Midland. Ist m. SsGalena ft Chicago Kit..Peninsula lat m.,conv.Chic, ft Mllw., 1st mort.Winona ft Bt. P., 1st m.,
.. „ ., *** «d mort.C.C.C.ft Ind's 1st m.7B,S.K
do consol. m.bdiDel. Lack, ft West.,'M
do 7s. conv.Byr. BIngh. ft N.Y. 1(1,78Morris ft Kaaex, lat. m..
do Sd mort.do bonds, ISOLdo construci'ndo 7s, of 1871
,. , . ,.<lo l8t con. guar.Uel.AHud.Canal, i»t in. ,•8;
do do 189;do conp. Is, 1S9Ido reg. ;s, 1891
Albany ft Sasq. 1st bdsdo .d dodo 3d <1o-to ut cons. inm>
Rena. ft Saratoga. 1st cp_ . . .
"lo 181 re<Brie, lat mort., extendeddo do endorsed..do 3d mort., 7s, ijJlddo id do 78. 1S83
.'.'
75M
72)4DO
168>4
SU
14
24m
140
2S5<28
v'i
'^103113HllOX81)J4
107«
I10!«
117K104
30
741002»)t
14«4
90«
8H
120H
1SJ«
8S>«
2()M
107
K7
101^
i0^^7^i97:u9108105108Ot81108)4tm103)»100ICO119104
88
88
115tllSUil
tlOl1CS)«
10r*)»
IU»X
68!485)53943ll»)«104)4
107W9«g
:o5X»8>4
WX
82«;110)4
104H
sex
Erie 4tlj mort., Is, 1H1U. ......do Sth do 7b, 1888do 7s, conB., mort.,g*d bds..do Long Dock bondsBull. N. Y. ft K, I8t.m.,19l6..Han. ft St. .To., Ss, conv. mort.Illinois Central—Dubuque ft Slonx CUy,l8t m.
do do 2d diT.Cedar F. ft Minn., lat mort..
[ndlanap. B1. ft W., Ist mort..
.
do do 2d mort..Lake Shore-Mich 8. ft N.Tnd., S.F.,7 p.c.Cleve. ft Tol. sinking fund.
do new bondsCleve. P'TllIe ft Ash., old bd;
da do new bdsBttirale ft Erie, new bonds..
.
Buffalo ft State Line 7sKalamazoo ft w. Pigeon, Ist
Det. Mon. ft Tol.Jst 7b, 1906Lake Shore DIv. bonds
do Cons. coup.. Istdo Cons, reg., Ist..
do Cons, coup., 2d.do Cons, reg., 2d....
Marietta & Cln. Ist mortMich. Cent., consol. 7s, 1902 .
.
do lstm.8s. 882, s.f.do 'equipment bonds.
New Jersey Southern Istm. 7bdo do consol. 7b
N. Y. Central 6a, 1888do 6a, 1887do 68, real estate,,do 6b, subscriptiondo ft Hudson, lat m.,coupdo do Istm., reg..
Hudson R. 78, 2d m., s.f., 1685Harlem, iBt mort. Ts, coup. .
.
do do 78. reg .
.
North Missouri, 1st mortOblo ft Mlas., consol. sink. fd.
do consolidateddo 3d dodo 1st Spring, div..
Paclflc Railroads-Central Pacific gold bonds.
.
do San Joaquin branchdo Cal. ft Oregon 1stdo St'ite Aid bondsdo Land Grant bonds..
Western PacIIIc bonds... ^Southern Pau. of Cal., Ist m.Union PaclQc, ist mort. b'dp
do Lund grants, 7s.
do Sinking fund...Pacific R. of Mo., 1st mort..
.
do 2d mortdo Income, 7s. .
do istCaron'tBSouth Pa-. BB. of Mo.,lst m.fcnn. RK—Pitts. Ft. W. ft Chic, Istm.
do do 2d m.do do 3d m.
Cleve. ft puts., oonsol.. sJ,uo 4lh mort
Col. Cblc. ft Ind. C, 1st raortdo do 2d mort
Rome Watert'n ft Og., con. IslSt. L. ft Iron Mountain, Ist m.
do do 2d m.St. L. Alton ft T. H.—Alton ft T. H., 1st mort .. .
do 2d mort., pref..do 2d mort. Income
Belleville ft B. lU.li. ist in. 8cTol. Peoria ft Warsaw, E. D..do do W. D.do do Bur. DIvdo do 2d mort.do do C0D80l.7i
ToL ft Wabash, Ist m. extend
1IIS!)«
lOOMi
88M
108105^618
nOKnotl07103107
!07)s103tS8108
108)t
iOS)4{99«8X
y<m
20
mi108H103105119
iV2)S12IH12m,103^9SJj98)4702
10.x
lllH
111lOJH
08)(
do ex coupon.do Istm.st.L. dIvdo ex.matured coup.do ."fl mort.do Ex* Nov. ,'77, coup.do eoiilp'l bonds.do C(m. convert...do Kx. Aug.,'78,ft prer'a
Creat Western, Ist m., 1888..do ex coupon.,do 3d mort., "90
do Ex A Nov..'r7,coui>.Quincy ft Toledo, Ist m.. '90..
do ex mat. ft Nov.,'n,coulUlnotfl ft So. Iowa, Ist mon
do ex couponHnn. ft Cent. Missouri, IstmPekin LInc'ln ft l)ec't'r,l8t m
Western Union Tel., 1900,cp, tdo do reg.,
nil«ceIIaaeon« List,(.Urotern' tjuoiuUoru.)
OITIES.Albany, N. V., 6s, long,BnfTalo Water, long ..,Chicago 6b, long dates
do 78, sewerage tdo 7a, water tdo "a, river Improvem't t
Cleveland 7'*, long *Delrnit Water Works 7a.... .t
ma
t03M91105)4102»3«101)493
77
119112104noin.),
93<1M10394Be
no
t67
loajt
118X
121K
01)4»i»4
Blliabeih city, ISXO-W tdo 1885-98 t
Hartford 6s, variousIndianapolis 7-SOa ^Long Ifiland City ; tNewark City 78 long t
do Water 4S, long...
1
Oswego 78 fPoughkeepsle Water tUochcster C. Water bds., 1908+Toledo 88. 1889-"M +Toledo ".308. ..
Yonkers Water, due 1903
HAILROADS.Atchlion * P, Peiik, 6*. gold..Boston ft N. Y. Air Line. Ist n.Bur. ft Mo. UIv., land m. 78. . .t
do convert 8s. var, her.Cairo* Fulton, 1st 7b, gold...California Pac. RR.. 7b, gold .
.
do 68, 2dm. g.Canada Southern, 1st m. coup.Central PaclHc, "B, convCentral of Iowa Ist m. 7b, gold.
=2
toto1041(«m
107),!112103no1C8104
^08
:e:!
101«88)474«t<9
74S5542
ioo82718(1
78
lOBXU08
10310996101103100lOB110
I053<8«87
02IU544
04101?^94
7754
120
110
907454
5640
'"^72
77
8387
30\<mi''-Oh110OA9277881033H,100)^IOO10IKlllj
109)s100)^621551141759370
101)4999160222140
io"709R80
10140•;5•so42
7745
50f»)4SO79688576
Keokuk & St. Paul SaCarthage ft Bur. 8sOIxou Peoria ft Han. 88.O. O. ft Fox li. Valley 8aQuincy ft Warsaw 8s . .
.
Illlnofs Grand TrunkChicago*; Iowa R. 3a..._,^^Chic, ft Can. South istm. g. 7bChic, ft Easl. 111. Ist mort", 6s
do .2dm. Inc. 7s.Chio 4 Mien. L. 8h. Ist Hs, '89.Chic, ft B'thwestern 7b, guar.Cln. Lafayette ft Chic, If*t inCol. ft Hock V. iBt 7b, so years,
do Ist 7b, lu years.do 2d 78, '.W years..
Connecticut Valley 78 . . .
Connecticut Western Ist 78...Dan. Urb. ill. ft P. Ist m. 78, gDenver I'ac, let m.78, M.gr.,g.Denver & HIo Grande 78, gold.De8 Moines ft Ft. Dodge Ist 7s.Detroit* Bay City 88, end .."+Erie & Pltuburgh let 78
do con. m., 7b..do 78, equip,,
.
Bvansvllle * Crawfordav., 7».
,
KvansvlUe Hen. & Naehv. 7s.Bvansvllle, T. H. * Chic 78. g.."llntftPere M. 8t,Land grant.Fort W., Jackson & Sag. 8s, '89
Grand li.ft Ind. let 78, l.g., gu.do Jst'.s, 1. g., notgu.do iBteil.g.tS-
ttrand River Valley ?b, 1st m'.Houston ft Gt. North. 1st 78, g.Uous. ft Texas C. Ist 7s, gold.
do West.dlvdo Wacodo consol. bds..
Indianapolis ft St. Louis Ist 7sIndlanap. ft Vlncen. I8t7s, gr..InternattonaU Texas) Ist gInt. H.ftG. N. conv. 88..."....Iowa Falls ft Sluux C. Ist 7s. . . 82Jackson Lans. ft Sag. Ss.lst m r\nKal. Allegan, ft G. R. 8s, gr. . . SOKalamazoo ft South H. 88, gr.. t60Kansas City ft Cameron I0»... tu8Kansas Pac 7s, g.,ext.M&.V.'99 83
do ;s, g., l'dgr.,J&J,'80 75do 78, g., do MftS.-SS 22do 68,gold, J,ftD., 18S6 88do 68, do F.& A„ 1895. 100do 7b, Leaven, br,, '96.. 34do Incomes, No. li 15do do No. 16 15do Stock 7)4
Keokuk ft Des .Moines 1st 7s. 51)
do funded Int. it 85Long Island RR.,1st mort. .. 90Loniav. ft Nashv. cons. m. 78. 101
do 2dm.. 78, g.. i-W)«
Michigan Air Line 88, 1890... .< 94MontclalrftO. L.lstTs 30do 2d m. Vs 4
.Mo. K.ft Tex. Ist 78, g., I90t-'06 44)i'lo 2il m. Income.,, 10
N.J. Midland Ist 7s, gold ''2
-1. y. Elevated 1!R., Istm 90S. y. ft Osw. Mid. l«t 4
do recelv's ctfs.dabor) 27do do (other 20
North.Pac. Ist m.gl*. 73-10.. 20Omaha* Southwestern RR.8» 105)4Oswego ft Rome 78, guar .... bOPeoria PekIn ft .I. Ist mort . 'aoPullman Palace Car Co. stock. 75X
do bds., 88, 4th series VOSt. L. * I. Mt. (Ark. Br.) 78, g. 86St. L. ft Ban F., 2d m., clasis A. 45
do do class B 23)vdo do class ('. ...
St. L.*8o'easl . cons.7s,gold ,'91 25St. Lottia Vandalla ft T. U. Ist. 101
do 2d, gnai TOSandsskT Mans. * Newark 7a. XSSoulbSfde.L. 1., latm. bond'. %
do aink. fund.. 30South, Cent, of N. Y. 7a, guar. S5Southern Minn. 1st mort. 8a... 72)4
do 7s. Ist 07Tol. Can. So. ft Pet 1st 7s. g. 41
8-*
88107107)499
Tie105111)4112)4107
111112709580
105)433
102)4
110)^110)467),
17
I'i
75103)4
Union ft Logansport 78Union Pacinc, So, branch, 6s,gWest Wisconsin 7s, gold
Southern Securities.ilifokerii' QufttaUotis.)
STATES.Alabama new consols, Class A
do do Class Bdo do Class c
Georgia 6s, 1878-'89S. Carolina con. Ss (good nos.)Texas <b, 1892 .,'.... .M.ftStdo 7s, gold, 1893-1910. J.ftJtdo 7s, gold. 1904...J.ftJ...tdo 108, pension, 1894.. J.ftJt
OITIES.Atlanta.Ga., 78
do 8sdo waterworks
Augusta. Ga., 7s, bonds{'harleston stock 68Charleston. S. C, 7s, F. L. bds.Columbus, Ga,,is, bondsLynchburg 68..
Mac ' '
S54796
559063888282 e7075mS8•ii
889898
100
3087)4102
17)418)4
103
91)v
457
48)i1425818
343522)410895407693
aa
'ii
35:o57598
'^i
SO I
78 ;
aeon bonds. 78Memphis bondi C
do bonds A ft Bdo end., .M. ft C. RR
MoblleftB (coups, on),
do 8b (couns.on).do 68, iunde(i
Montgomery, new 5ado new 3a
Nashville 68, olddo 68, new
New Orleona prem.Ssdo consol. 6s... .
do railroad, 68..do wharf lmp'ts,7-3t
Norfolk 68Petersburg 68
do 8aRichmond 68Savennah 7s, old
do 78, newWllm'ton, N.C., 6s, gold 1 coup
do 8s, gold! on.RAILROABS.
Ala. ft Chatt. 1st m. Sa, enddo Kec'ver's Ceri'sCvarJJos)
Atlantic* Gulf, consoldo end.Savan'h.
Carolina Central Ist ra. 6a, g. .
.
Central Georgia consol. m. 7s.do stock
Charlotte Col. ft A. Ist M.7a..Cliuraw ft Darlington 8a.
Kast Tenn. ft Georgia 68Kast Tenn. ft Va. 68 end. TennE. Tenn. Va. ft Ga. I8t m. 78..
.
do do stockGeorgia RR. 78
do Csdo stock
Greenville ft Col. 7s, Ist mort.do 78. guar....
.MacoB ft Augoata boJdado 2d endorsed.do stock
Memphis* Cliarleston l8t78..do 2d 7b...do stock.
.
Memphis ft Little Rock Ist m.Mississippi Central Ist m 78 ..
.
do 2d m. 5a ..
do 3d ex coupon"Miss.* Tenn. 1st mart. 8s, "A"
do do 88, "B"! -
Mont, ft Eufanla 1st Ss, g., end 25MobUe ft Ohio sterling te 46
do do ex cert. 6tdo 8a, Interest....do 3d mort. 8a....
N. Orleana ft JackB. Ist m.8aCertificate, 3d mortg. 8a....
.>Ia8hvllle Chat.* Bt.L. 7a....Nashville* Decatur, 1st 78....Norfolk * Petersborg lat m.Ba
do do iB
do 3dm. StNortheastern, 8. C, 1st m. Sa.
do 3d in. 8a.Orange * Alexandria, lets, is
do 2d8,6a..do 3ds,8s.do 4ths,8s.
RIchm'd * Peterab'g lat ra. 7a.
Rich. Fre'ksb'g ft Poto. 6a.. . .
.
do do mort. 7>
Rich, ft Danv. lat conaol. 6a..
.
Southwest RR. f)a ,conv78,'86jouihwestern, Ga., stock>. Carolina RU. 1st m. 7a
do 78,1903do 78, non mort.
.
savannah ft Char, lat M. 7a. .
.
Charleaton ft Savan'h 6a,endWest Alabama 'id m. 8s, guar.
do istm.sa
PAST DPE OOOPON*.Tennessee State coupooaSouth Carolina conaolVirginia coupons.
do conaol. couff
4471
43X10089101110)4111)4103)4
2084
34103557010S808599401079463
37
88
9580e
339995811012)4
108IOO9797100asW104869070)430161048096)471H1008680
SO8010810*
808)30»
60
4S784510192M103r.i11810«<
9610810090857970«e864040402030
9497100
'2^«6060
fe'
el«904040106
78
DO100501C997708043
fe"
eeas8
4010897841068186
10UO
108X
m.9080
3080lOS106
* frice uuwlual. t And accruad utetoat. t Laal aaia price.
364 THE CHRONICLE. [Voi-. XXVI.
NEW YORK LOCAL SECUKITIES.
Bank Stock List.
GOUPANIBS.
Marked thua (*;
are not National. :l Amoont
America*American Exch ..
BoweryBrewei s' & Gro'a'*BroadwayBall's Head*Butchers ADrov..CentralCbaeeObatbamChemicalCitizens*CityCommerceCommercial*OontlnetitalCorn KxclianKe*..East HlverEleventh Ward* ..
FifthFifth Avenue"FirstFourthFultonGallatliGer. American*.,Ger. lixchanKe*..Germanla*Greenwich'Grand Central'....Grocers*HanoverHarlem*Import. & Traders'IrvihKIsland Olt;*Leathe.' \ianufManhattan*Manul. & Merch*..MarineMarketMechanicsMech. Ukg Asso...Mechanics & Trad.Mercantile.MerchantsMerchants' Ex.Metropolis*...,Metropolitan..,Murray Hill*..BTassau"Kew YorkNew York County». T.Nat. Exch...NinthNorth America*,.,North Klvei*Oriental*Pacific*ParkPeoples*PheulxProduce*Republic8t. NicholasBeventh Ward... .
SecondShoe and Leather.SixthState olS.yThirdTradesmen'sUnionWest Bide*
S.OOO.OCf5.000,OOC:
15U.UIUl.OOO.l'OC
i!oe,o«'
soo.oco
2,000,0(X3)0,0«'45U,0«'800,0«61I0.000
1,000,001
S.OOO.OOI
110,00(1
1,250,001'
l,^^ooo(350,001
,MO,0OCIliO.OW100,(01
500 003 500,00(
mo.m
'75C.00I
2IO,0(»
200,001
200.001U'O.OOli
soo.an'
1 000,10'lllO.Wil
1 soo.w500,00(
100,0.
1
soo.oot
J.OSO.IM1"'J,' II
400.001
1,(IOO,OOC
2,000,000500,001600,000
1,000.000S.OOO.OCOi,uoo.oo(
500,001
a.uoo.ooi
2W,00(1,000 ,00(
3.0OO.U«200,00(1
a(io,oM'
15O,0iX
lOO.OOl'
210,0CC
300,000
2,000,000
l.OOO.OtH
•iOCOWl
1,500,00c1.000,0(«'
800,000300,000
1,000,00(120(l,00('
SOO.01'0
1,000.0001,000,001
1,200,(X)0
200.00C'
,43i,7ai,45' ,2 10
i03 3i)i
VI
,184 0101937,',0l'
551,400«.9u(
154,201
,1 88,3 *i
ISl.sOl
r5».',!l 11
,5o2,90i
8,00(
2:5,3011
li.'i.'OC
4\,6011,^0.
52,(0(1
1.15,901
.('6f,(00
814,9004611,-00
677,10031 20049,c(.iC
51, CO16,'00
80028,000lastoo12,800
,760 -.00
116 4«S.\OC
4 -.'00
,053, 008,lOi;
i4.(.00
^0,700808., 009 -'.-00
1.«.300V 000-;6,a0(i
210,90034. .00
86r>,ie
4,110
59,S0O65:,-;008..,'J0
7100021 ..vm
i9.20(.-,5.900
162,1-10
210.900501 ..'00
147,300
U9,700
27Sf6oIS^lOO54 (0061.100
2B 'iOO
44, -0017V,' 00S.fOO
S'OOOOf9;,20077,i00
I &J.M.« S.
I.&J..J.& J.
.J.'* J.Bl-m'Iy,T.& J.(3-F.!.& J..1. & J.J.& J.F.&A..J.& J.J.& J,«-J.
Insurance .Stock List.fQnotations by K. S. lUtLBY. t>roScer. 15 W*ll ^trn^ir.
)
Dividends.1
Period 1S76.
J.& JM.&N.J.& J,
Q-J.J.&,J.M.&N,A.& O,F.& A.May,May.M.&K.
.j'.'&'j,
1.4 J.M.&S..J.& J.J.& J.
.jVa J.F.&A.J.* J..I.&.J,.J.& J.I.& J..M.4N,M.&N.M &N.J.& J,J.*.l.1.* J.J.& J,A.& O.M.&N,J , & .)
,
J.& J.
J.& J!.).& J.J.&.J..I.&.J.Q-F,
.1 . * J
.
.!.& J.J.& J.
F.'&A,F.&A..J.& J,.J. ft J..J.& J..J. ft JM.& N,J. ft.I,J.& J,M.&N,J. ft J
1S77
9100
10e
Jan. 2, •78. .1
Nov i.-n.. 2Jan. 2, '78.. 6
Jan"2','"'J3.'.'3
)t.l '75. .5
y2, '77...J
.Jan. 2, -TS.Sv.
'an.' 2,' 78. ..3
Mch.I, ''.8 .15
•Jan 2. '78...
3
N. V. 1. '77..5
Jan, 7,'7S...4
.Taii!'6.''7«.'.'.:i
Feb, l,-78...5July 2, '77.. .3
.;uyl,-76 ..3
Oct. l,'77.2>i
Jan. '^, '78.. .S
'nv.'i, '78...
3
Nov 1, '77...=Apr.lO,'7ii,3HI''eb.l.'74...8May 11, '77. .6
May 2, '77.. 6:iov.l,'77..3
.l'an!V,''7V.'.'.3
.)»n 2, '7S.3S
.\Icb.l,'75..J
.Ian 2, •7'i...7
.TaQ.2, ':B...1
Jan. 2, ':8...3ian. 2, •7,'(...6
Feb. 9. "S..IJulyl.'75.,3H.Jan. 3, '76.,, f.
Jan. i, '78.3K.Ian. 2.'7s...lMay 1. '77.2^4
Nov.I.T; 3hJ.'ov. I, '77 .3
Ian. 2. '78 3 -
,luly 2,'77..,3Ja(i.3,'7».3XJan. 7, '78, ..5(let. l.TS. .4
NoT.10,-i7..3Jau.2, '76 3>,
Ian. 2, ".8..
I
Fe . 1, '7'i,.4
Jan. 2. '77.. 3July 5, '77 ..-
Julyl,'74.3H.l«n.3.'7S...5Feb, l,7s.2>i.jan, 2,'76...H
Jan. 2, •78...
4
Jan. 2, "78...
3
July.lS'74.3>4Feh.4.'7S ...3
Aug.l3,T;2J4Jan. 2, '77.. .3
Jan, 2, '78...
5
Jan. 2, •78...
,lBn.l,'i8....Novl0,';7 3i<Jan. 2,-ii.. 3.l*n.2.~,i..ANov 1,'77 ..4.Ian. 2, '78..
4
221
H
270
230
195X
13'2
67'
'.30'
'
m"
:o
m
97H
93
lU9>i'9
91X
Gas and City Railroad Stockis and Bonds.[Gas (jiiotations by George H. Preutiss. Broker, »l Hroail .street. 1
Gas Coupanies. Par AmoQUt. Period s
Brooklyn Oas Light CoCitizens' Gas Co (Bklyn)
do 9ertllicatesBarlemJersey City & HobokenManhattanMetropolitan
do certificatesdo boi,di
Mutual, N. Ydo bonds
Nassau, Brooklyndo scrip
Kew YorkPeople's (Brooklyn)
do do bond?do do certificates,.
Central of Kew YorkWilliamsburg
do scripMetropolitan. BrooklynMnnlclpal
•25 2,000,000'» 1.200,000
1000 320.00050 1,850,0002(1 386,00050 4,000,000100 2,f00,000var 1.000.000lOOO 500,000\w 5,000,(00
laio 1 000,0002» 1,000.000
var 7((0,tWMl 4,000,00010 1,000,000
lOlC 325.000var 3Uii,000
,M 466,000ro 1,000,000
var 1000,00010. 1,U0(',( 0(
1(0 l,5f0,0
Var.Var.A.ftOF.&A.J. ft J,J. ft J.M.&SM.&SJ. ft J,Qnar,F.& A.VarM.&N.M.ftNJ. ft JK.&AJ.^ft J,F.& A.Quar.J. ft J,M.ftN
Apr. 1.'78
Jan. 15,
Apr. 1,
'
Feb. 1,'
J n..'
Feb, 1,
'
Feb. 6. -.i
Feb. 6, '78
April I, '78
reb. :,'7^
Jan.l5,'7i^ow l.*(7,
Nov I.'77.
Jan., 78
.J*an., '77,
Feb. l,'7i'.
Jan., •78.
Jan., ';b.
NOV20,'77
vo I,'!*
7,1 S595 1(10
H:, 95160 170'200 'i03
r.19 131
KHi 10211)0 103
71 SO9'i 102-.5 SO95 \m115 l;8J5 35911 96K75 8475 831.3 1CS
97 100
69 72
95 lUO
AdriaticMtna.AmericanAmerican Eich'e.
.
AinltyArcticAtlanticBowery ..
Hrewers'&MMst'rsBroaiwayBrooklynCitizens'; -
CityClintonColumbiarommerce Fire....CommercialContinentalKagleKmplreCityEmporiumExc'>ftngeFarratfut —Firemen'sFiremen's Fund
—
Firemen's Trust..,FranklinGebhardGerman-AmericanGernirtulaGlobeGreenwichGuararilyGuardianHamiltonHanoverHoffmanHomeHopeHowardImporters'&Trad..Irving.Ii'tTrrsonKings Co. (B'klyn)KnickerbockerLaiayette (B'klyn)Lamar., '.
Lenox .-..
LonKlBland{Ukly.)LorlllardManui & Builders'Manhattati ,
Mech.&Trad'rs'...Mt-clianics'CBklju)Mt^rcantileMerchants'Montauk (B'klyn)NaRsau (B'klyn)..NationalN. Y. Equitable...New Vork Fire ..
N. y. & Boston ..
New York City...NlaL'araNorth HlverPaciilcParkPeter Cooper.People'sPbenlx (B'klvn) ..
Produce ExchangeKeliefKepubllcResoluteUldgewoodItutgers'SaleiruardSt. NicholasStanilardStarSterlingStuyvesantTradesmen'sHnited StatesWestchesterWilllamshurgCltT.
[Quotations by H. L. Grant, Broker, 145 Broadway.]
BieecKer St.A Fultonl-erry—^xx.iBt mortgage
Btoadway dc SeveHifiADe—aDa..Ist mortgage
Btookli/n City—stockIst mortgage
Broadioay (Bro#A:ii/rt)—stock...Brooklyn <ft Hunler'tt P(—stock.
Ist mortgage bondsMushwick Av. (/;*A:?yn)—stock.XJentral Pk, y. it A". Hiver—Bik.ConsolldAtcd moi'tgage bon s
Dry Dock, E. B. <t Baitery—iitkIst mort^ragH, cona'd
Bighth Avenue—Bloi--^
Ist mortgageUd8t. tk Grand St /wry-etockIst mortgage
Central CYoufi town- Block. ...
Istmortpage ,
Movstoji, West st.<tJ^v.F^i/—»tkiBt mortgage
Second Aven wfl—stock3d mortgaee.... .
C<(ns. Convertl i>lc
ExteiiBlon,
Sixth Ave7i,it^ stock..lat mortgageHard Avf.nae—BUiclLUt mortgage
Ttrenly-ihira Htreet—^xovkcIhl trTtt"-(»*-
100 900,000(000 694,000 J.&J. 7100 2,ioo,oai Q-J. 2H
1000 1,500,000 J.ftD. 7;o 2,000,000 Q-F. SK
IWiO 300,000 M.&N100 •200,0(!0 Q,~I. 3'.00 40O,(«)U A.&O. i
1000 8.J0,00(i J..S; J. 7100 5»4l,' Oil
100 1,800,000 J. ft J. 8llKlO 1,'iOO.OOO J.ftU,100 l,-iOO,000 Q-F. ;'
5(0 Ac 900.000 J.ftD 7100 i.O(X),ooo J.4 ,1, 6
1000 203,000 J.&J.100 748,000 M.&N. 5
1000 236,000 A.ftO. 7100 60O,0(XI
UIOO '200,000 Ji.&N. 7lOU 2.io,i;oo
500,50(1,1100 J. ft J, 7
100 1, 199,500 Q.-F. 21000 150,000 A.ftO. 7UKKl 1,05C,'K1. M.&N.
500 &c 2l.«,000 A.ftO, 710^' 750,00( M.&N. 5lOOO 415,000 J.&J. ;
100 2'000,(IOO Q-F. 51000 2 000,000 J.&J.1011 i:(ni,!ioi' J & J 4IIKO •,J5o.r(if M.&N,
*July,l!>(,0
Apr, ^78
June,138lFeb., -78
Nov., 'sO
Apr., '78
Oct
,
18SS
Jan.,Deo.,I!'02Feb
"
Ju e, '93
Jan., '78
Jan., '.S4
' ov, '77
April. '83
NovV.isoi
.T(iiy,ffl94
.Jan.. '.8
April, 'cS
May, UHOi-t., '83
Mny, ';-.
JuIy,H90Ian,. IS73July,ui»(Feb ,
•:8
Mny. '93
S
911
l70IOC
1:01(14
Ids
76i«)
62)$45
100
1151115
50911
13
S3
6U95
90
'-o'
1115
noKXI93
1(«1
75
iw'
Prtoh.
I'ar Amount. ''j^?g- ,'
25 200,000100 200,000.50 400.000100 '200,000
100 2t«,00020 200,00050 '200,000•25 300,000IK) 2C0,0«)2o 200,000I'l 158,000'20 300,00070 210,00000 250,00030 300,000,00 200,00050 200,000,00 1,000,00040 300,000m 200,000100 200,00030 200,010b(' 200,000I'l 201,00010 150,00010 150,000lUI 2(«.('(,0
lOo 200,000100 1,000,00050 500,00050 200,(XXI
25 200,000litl 200,0(«)
100 200,00015 150,00050 500,00050 '200,000
KHI 3,i'00,iXX)
.!5 1.50,01X1
50 500.00050 200,(XIO
UK 200,000HO 200,01020 150,00010 280,00050 150,000IKI 200,000•i5 160,0(X)
.5(1 200.00025 300,000
1110 200,00(1
100 2,50.0002;i '200,000
.50 150,(XX)
50 200,00050 200,00050 2l«,00050 200,000
IV S 200.000.15 210,0(X)100 2(«),0(I0
KXI 200,00010(,' 200,0005(1 SOO.IXW'25 3,50,000
2r. 200,000KXI 200,0002(1 150,0005(1 1,50,000
5(1 1,000,000in 20O,«XI5<: 200,000
1(K 800,000UK 20O.IXX)
1(K) 200,00025 200,000UK 200,000'25 2(XI,00(J
51 200,axi
W 200,000UK 2OO,00C25 200,00125 150,0002. 25O,00CII 300.0015t 150.01 '0
Over all Iliibililles, incl'adtng re-iosui-ance, capital and fcrlp. t Th surplnarefiresenied by scrip is deductei. X Continental, 1 'l. In 1516 and 12*50 in 1371;Standard, 11 55 In 1:76 and 1235 in 18;:. (—) shows deficiencies.
€ltr Securltioit.[Quotations by Da wikl A. Mo»an. Broker, 40 Wall Street.]
100lUS
• This column shows last dividend on sticks, but the date of inaturlty of bonds.
New York:Water stock 1811-63.
do m54-57.Crolon -svaterstock.. 1845-51.
do do ..1S52-60.
Croton AQned'ctstock.1865.do pipes and mains...io reservoir bonds
Central Pai .»( bonds. . 1853-57.
do no ..1853-65.
Dock bonds 1870.
-do 1-75.
Floating debt stock 1860.
Market stock 1865-68.
lra:>r5Vemeut stock 1869
do CO 1869.
ConsoIlJated bonds var.Street imp. stocki var.
do do var.New ConsolidatedWfstchesiter County
iNCKBKsr.
Uate Months i'ayable.Bondsdue.
., Maydodododo
.V,lg.& Nov.10
dododo
May ft November.Feb., May Aug.ft Nov.
do (^odo do
May & November.
Feb. , May, Aug.& Nov,May & Novcnber.
do dodo dodo dodo dodo do
January ft July,do do
1878-301878-791890
1883-90IBS 1-1911
1681-1'JOO1907-111S7S-981877-95190118931878
1894-971889
1879-9019011833
1879-82189618;ll
fHlCS
Bid. Askd
100100U2!U31(4
1;21061.01
ICO
lis
106
100
117101iOi
1C3102X1112
P'S106
101102103108
118116ItsItslOT
117lOS
101
113lOSlis,0»
1091051(19
101
H^UULMllOliri ly V. I. tKKKh..Jr.. Kr.iKer. is -•rill 81.1
hrooiciun Local Liupi'em'L—Cltv Bonds
do ..
January & July,do dodo dodo dodo dodo dodo do
May A Noromber.no 'lo
January A July.do do
18:8-30
1S8I-95191;Vii19031915
I 0-5519-Ji
307-I?l'J
Itil
lOl**101
U511 '2
1118
1C4::3119
Water loan bondsBrl.iRebondaWater loanCity DonasKings Co. bonds
do do
:i9119
10911.7
103
IV
H«X•All HruoKlyn bondn flat.
[Quotations by C. Zabriwkib. 47 Montgomery St.. Jensey City.]
Jersey Viiy—Watei loan, long
do 1869-71Sewerage bonds 1886-69.
Assessment bonds... 1870-71.
Improvement bondsBenren bonds 1868-69.
January & July.January A Juiy.do do
Jan., May, July A Nov.J. & J. and J ft D..lannarv tind Jnlv.
1995 1011899-1902 1(8S1877-79 ',(*)
1891 1(7
1903 US!(.*' Krt
102
.09X(.1
1'8
109l(«
Araa. 18, 1878.J THE (JHKONICLE. 365
InucstmcutsA.ND
STATK. CITY AND CORPORATION FINANCES.
Th» Invkstoub' H-jpi'i,BMKNT t» pa>)!i.-<hed on tbe tast Saturday
of each luoiitb. uuu furuinUnd to all r^-culftr BuliHcribers ol the
OifRosioi.K. Nil siiiKl" coplHH of the riui'l'liKMENX are gold at the
fhcf, HR only > -"iilii-ient nuiubBr ie ii^inted to supply reifulRr
siibHcrlhfrH. Oni- number of the Suppi.kmbnt, howevfir, is boundup with Tns Financial Kbvibw (Auuual), aad can be parcbased
iu that g'lape.
ANNUAL REPORTS.
Chicoffo Mihrankce & St. Paul RailvTa]-*
{For the year ending December 31, 1877.)
From Ihp annual report we have the followinjf :
The entire coat of the whole prop.'riy, including equipment,bridges, elevators, warehoases, catile yards and groundf, is as
follows
:
•
MortgiffB bonds t2!l,l)64,5''0
I'ri'firrcd stoik 12,2:9,i»i
Comiuon atock 16,.04,'.61
Total ..'. $57,618,441
Le«9 cost of WfStern Union stock tl, 50(1,750
Lsss coat of Odhkosli £ Mies. Kiver Railway bouds M3,<'0> 1,701,750
Cost of 1,4U miles ($89,613 per mile) *5;,S.r,4U4
The average price per ton per mile received for freights for a
series of years past is as follows: For 1865, 4 11-100 cts.; 18GG,
8 76100 c'B ; 1867. 3 04- 100 cts.; 1868. 3 49-100 cts.; 1869, 3 10
100 cts.; If70. 2 83-100 cts.; 1871,3 .IllOO cts.; 1873. 3 43 100
cts.; Is73. 2 ."iO-lOO cts.; 1874, 2 38-100 cts.; 1875,3 10-100 ctg.;
1876, 2 04-100 CIS.; 1877, 2 08-100 cts.
BTATEJIENT OF INCOME ACOOCNT.
By balance Jannary I, ?877 $1,483,645To poKha^u r.f .Milwaakoo * Prairie du Chlen RailwayC(>mp>kny oiitatat (liiij; frtock $1,038
To diTideiid i)n pnfurnd atuck paid Octuber, lf77, oat ofthe net .Hrninsis of 1S76 ... 429,600
To sinking fin d of 1 per cent on cinsol dstnd Bit kin;;
fund bii.ila (lut-tandiiig Dec. :i^, 1!:76, paid out of thenetaaruiugsof l87(i 63,000— 480,610
By gross eaminga 1877 $8,111,891Less operating expenses 4,540,433
$917,001
3,574,4608.162,159-1,112, :!01Leas interest pMdin 1877 •
Balance December 31, 1877 $4,859,306
The bonded debt of the company hag been decreased duringthe year |56,000, mainly by the operation of the sinking fundprovided for by the consolidated sinking fund mortgage. Thepreferred and common stock have each been increased l|o,000.
This was fur the purpose of retiring $10,000 of Milwaukee &Prairie du Cbien llailway Company stock, which leaves only 75shares of that stock oatBtaoding, and for which this company is
under an en^'agement to issue its own stock. Thete changesproduce a reduction of $46,000 in the combined stock and bondaccount. During tbe year, the company has constructed aboutthirteen miles of road in Wisconsin, from New l.ixlion, on the LaCrosse divUion, to the village of Nec^dali, on Yellow River, atributary of the Wisconsin, where several large saw-mills arelocated. The entire cost to this company of constructing thesethirteen milfs has been only $4-3,013. During Ihe year, loco-
motives, 3 passenger cars and 450 box, 100 stock, 13 cabooseand 3 railway and post office cars have been added to tbe equip-ment of the road. At the close of the year 1876 the companyLad 335 miles of steel rails. There have since been laid 77miles of new Bessemer steel rails and 47 miles of first qualityre-heated iron rails.
The gross earnings ol the company for tbe first half of the year1879 were $3,!)tO,fl7
And lor the first ha' f of 1877 they were 8,9C8,153
Kxirmrdinary Expm»u:R«new«l ..f track $n«,171 tSWaM3"*
I."''.','?,""'VW W^"*
Nsw bolldlnrs ll.H-iB I7(MM«w tools and machinsry 3,015 710
ToUloxpensei $4,»1s!M4 $4,5«),7»BZCAPITDLATIOH.
IMH. 1877 Incrrnnc. Decrease.Gross earnings. . $8.0.'i4,171 $8.iH,S91 %m,lHToial expcnacs 4.9.^3.334 4,540,181 $419,890
Netcarnings $'<,I00,!«47 $1,5;4,l(;0 t473,>>13
snxxABr or orsRATioNs in 1877.
Xo. of miles run by passenger trains 1,878,801•.N'o. of miles run by frolKht trains 8,10t38TtNo. of milts run by wood and gravel train! 3D8,8tS
Total No. of miles run 4,*9B,M4
No. tons freight carried one mile 37J,598,'83
No. pa 8 ngers carried one mile 55,9-26,440
P.amlngft per mile rnn on frel;ht l-glEnrnings per mile ran on passenger 1*29
Rxpenies per mile rnn, including all cxpenditores roiPer ceniage of expeusea to earnings, incladlug all expenditures... '56 p. cent.
Amoani received per ton per mile -08 08-100Amuuiit received per passenger per mile 'CH 21-100
Coat of malnt»lnlng track and bridges per mile rim *S9 4'10Cost of repairs of ensines per mile run -fifi 4-I."i
Cost of engine ra and firemen per mi.e run -08 l-IOCost of oil iind waste per mile run 01 4-10Cost 01 fuel per mile run -10 2-10 '26 110Length of road December 31, 1877 1,41J miles
JGroBS earniiii.'-- per mile of road $5,788 90;Xel earnings per mile of road 8,547 7$
•Includes swliching.tWood an i g iivel trains are not included in the above p"r centages.Jfn arriving at these resul's, the average number of miles in operation for
the entire year was u^ed, viz., 1,403 miles.
eENERAL ACCOUNT, DECESBEB 31, 1877.
Dr.Cost of road $56,886,888We«tern I 'nion Railroad stock $l,5i 0.7.")0
8t. Paul StUUvaier & Taylor's Falls Railroad stock 15,0.10— 1,515,750Midisin * PortHge Riilroad bonds U0.771Oshkosh & ,M!-si9ii ppi River Railway bonds 803,000Worlhln. ton & Siiiux Falls Iviilroad bonds 11,700City of Hasiings honda 7,100— 858,171Stock of maiefial on band 199,186U. S. G'lveNinient P.ist-Oflice Department 47,413Balar.ce due fr^m ugeiits and other companies, "freightand "lck> t acCDunis" 104,72*2
Misce'lanedus accounts 264,^65Bi Is nceivable 9,516— 426,217Cashonhund 1,181,047
Total $60,562,206
Cr.Capital stock, preferred $1S.!79,4S3Capital stock, common 15,404,ai)l-$27,683,T44
Total fanded debt $-29,954,500
Incumbrances assumpd 8.735Unpaid pay-rolls and vouchers 361,555Du'- other railway corapauiee, *' freight and ticket accts." 33,9 16
Miscellaneous accounts 1^8.985Dividends unpaid - 18,3b4Coupon account 25,078Income account 2,369,306—2,928,981
Comparative decrease for tbe first half of 1877 $1,002,863
For the last li Of of 18T6 the gross earnings were $l,063,i61All4for the like period of 1677 they were 5,166,;40
Comparative increase for last half of 1877 $1,06.',(86
An explanation of these fluctuations is to be found in tbe factthat the wheat crop in the State* traversed by the roads of thiscompany was very deficient for 1876, while for the year 1877 it
was above an average.A detailed sLiteiuent of the affairs and operations of the West-
ern Union Kailroad Company for the year 1877 will be fouudappendd to this report. This company owns a majority of thestock of tbe Western Union Kailroad Company, but is in no wayholden to said company or responsible for its operation or affairs.The following exhibit gives a comparative statement of the
earnings and operating expenses for the years 1876 and 1877:
lARNINSS.
1876.From freii-ht....: $5,:SS4.230From pai-seiigers l,^9^ns8From mails, express, etc. .... 770,^i
1877.
$5,637,9061,780, 61)
7l6,'(18
Increase.$2i8,«73
Decrease.
$U9,8$g64,063
Total earnings $8,0J4,171 $8,114 894 $bf,7*3
IZFBHSIS.
Ordinary expenses $4,515,<)94
1877.$4,10i,19O
Total $60,564,806
Western Union Railroad.
{For the year ending Dfcember 31, 1877.)
The following is a comparative statement of earnings and ex-penses in 1876 and 1877:
Earnings: 1876. 1877.
From freight $7rs,483 $767,925From passengers 225093 214,174From mails, express, &c 44,338 48959
Total earnings $1,047,915
Total expenses 799,369
Netearnlnga tS4e,545 t8M,C39
BtlUKABT FOB 1877.
Number of tons of freight carried one mile 44,628.685Numberof passengers carried one mile 6,164,509
Amount received per ton per mile '01 72*100Amount received per passenger per mile '08 17-lCO
Coat of maintoluiug track and bridges per mile run '21 44-100
Copt of repairs of ensrlnea '08 85-100
Ciat of enginrers and firemen "07 17-1(0
Cost of oil and waste '01 20-lfO
Cost of fuel '07 43-100 •22 16-100
Length of road December 31. 1877 212X milesGross earnings per mile of road $4,818 00Netearnlnga per mile of road 1,532 60
Miasonri Kansas & Texas.
{For the year ending December 31, 1877.
The Union Trust Company of New York, trustee ander tha
mortgages, submits the report made by the General Manager of
the operation of the road under the agreement of March Ist,
1876 for the year ending December 31, 1877, showing a net
amount to the credit of income account of $952,311. During the
year 1877, there were remitted to the Trustee and realized ia
cash $863,601. The total payments upon coupons called for
by the terms of the Agreement amounted lo $775,008 in gold,
cosiing in currency $809,677. These were all met at maturity,
except the payment upon the August coupon, which was delayed
until November 15.
The tolls uoon tbe Booaville Railroad bridge amounted to,
gross, $119,498. The interest upon the bridge bonds lia^ been
regularly paid in full in gold, and the principal has been reduced
during the year $1«,0 by the operation of the sinking fand.
366 THE CHRONICLE. [Vol. XXVL
bonds to that amount Laving been drawn and paid off at par in
gold.The report of tte general manager, Mr. William Bond, gives a
very complete exhibit of the operations of the company :
COMPABATIYJB STATEMENT OF EAKNINQ3 AND EXPENSES.Eamingg.
Per ctFrom freight 6827" passengers.... 2541" mails 03-8-J" express 01-72" miscellnneoas.. 0078
Per ct.
Condactlng transportation 87-42Motive-power 8500Maintenance of cars 09-95Maintenance of way.... 20-48General expenses 05-53
Renewals 11 63
Total operating expenses andrenewals .
.
Net earningsImprovements
Net proceedsRatio of operating expenses andrenewals to gross earnings 57-35
Consolidating the items of " Eexpenditures, we have the following result
:
Bxpenditnrea for new rails—4,888 tons of new steel rails and 497 tonsof re-rolled iron rails $-265,091
Expenditures for 368, 161 new cross-ties and 8j sets new switch-ties. . . 164,374Expenditures for labor on new steel and ties 38,981Expenditures for new bridges, bridge masonrj, culverts and trestles. 101,048Sundry other items 19,'.9J
$568,798Deduct from this amount proceeds of old rails sold 68,874
Earnings.$2,196,432
819,481122,06')
54,17383,914
Per ct.
63-0726-0402-9701-7101-21
Earnings.$2,178,275
632,67594,92551,11538,670
$3,217,278 $3,197,3il
Expenses.$ 105,0244<il,5!6
183,982378.173101,900911,817
Per ct.
21 5431-51)
09-11
15-7o03-5380-45
Expenses.$199,863499,61618s,6-83-J0.1S0
113,535416,1»1
$1,816,391 $2,034,932
$1,3T1,6S337,607
$1,182,388113,724
$1,331,273 $1,013,664
ewal " and63-61" Improvement
"
Balance, amount expended in renewals and improTements fromrevenues of railway during 1877 $589,921
All of these renewals and improvements have been recentlyexamined by the civil engineer and expert appointed for this
purpose, and have b-^en pronounced by him as " vitally necessaryimprovements," made with " sound judgment and strict economy."The remittances to the Trust company during the year have
been
:
Cash and Texas Central notes paid at maturity $8-24,616Account against Hougton & Texas Central Railway, as adjusted bythe accounting officers, Dec. 31, 1877, including interest to that date. S9!,330
The following la a consolidated statement of the generalaccounts of the operating department of the Missouri Kansas &Texas Railway, under the trusteeship of the Union Trust Com-pany of New York, covering a period from July 1, 1876, to
December 31, 1877 :
Dr.Gross earnings for 18 months ending Dec. 31, 1877 $1,998,760Less operating expenses and renewals $3,051,058Improvements 137,006Taxeson road-ljed, &c 110 963—3,359,021—$1,617 T38Receiver's balance of materials and supplies 93,2ol
$l,7.i2 999Cr.
Transferred to the Union Trust Company—In cash $1,173,67«Houston & Texas Central Railway Company's account. . 293,830—$1,487,006Land Department—
Expensea $56,863Taxes. 57,M7Bonds purchased 29,152— 113,523Less ca:h proceeds from sale of lands 70,497— ';.3,0-26
Advance accoui.t new coinpri ss at Denlson 48.914Equi pment and betterment account 134.0.56Unadj usted accounts 7,328Accounts receivable, railroad company's, Individualsand United States Givernment $167,393
Earnings uncollected Dec. 31, 1677 98,167Material and supplies on hand Dec. 31. 1877 123,6'23Cash on hand at Sedalia office Dec. 31, 1877 59
$337,143Less pay-rolls and accounts payable 382,456— 1,687
1870.
440,818103,110.714
•020.-9
$1,732,999
The following condensed statistics of freight traffic give theresults of the operations of that department for the entire y«ar :
rREIGHT TnAFFIC.1677.
Total number tons freight carried 500,792Number tons of freight carried one mile 110,595,714Revenue per ton per mile -01962Expenses per ton per mile -01237
The earnings for the year 1876 were $312,353 increase over theyear 1875, while the earnings for 1877, although |293,396 inexcess of the year 1875, show a decrease of $19,957 from those of1876.Tne unprecedented rains which occurred during the last quar
ter of the year seriously interfered with the freight trafficreceipts and earnings.
Oat of 501,000 tons of freight moved over the road during theyear 1877, 118,000 tons, or 23^ per cent of the entire atnount, weregrain, and 115,000 tons, or 23 per cent, were live stoct, both ofwhich require either teaming or driving long distsuces from theplace of production to get ts our stations ; and of the freightsobtained at and giing from local stations, 104,000 tons, or 21per cent, were lumber and coal, which require extensive teamingfrom the depots to the consumers.The following condensed statistics of passenger traffic give the
results of the operations of that department lor the year 1877 :
PASSENQEH TRAFFIC.Total numlie' of passengers carried 225,728Number of passengers carried one mile 21,620,660
Revenue per pasjenger, pei: mile.Expense per passenger, per mile..
-0310
os.nThe business from Kansas City and the Missouri Valley, via
Fort Scott, to Texas and the Southwest during the past year haslargely increased, and gives every indication of a steady improve-ment in the future. This business is very desirable, as it bringsinto use that portion of the road running through the IndianTerritory, which has very little local business.The Equipment Trust Company, which, during the year 1876,
furnished for the use of the railway 10 locomotives and 100 boxcars, has, during the year 1877, added to the existing equipment10 additional locomotives and 50 flat cars, upon the same condi-tions, in reference to payment of rental, as were made at the timethe previous equipment was furnished, and explained in last
annual report.
LAND DEPARTMENT.The operations of the Laud Department may be briefly sum-
marized as follows:
There have been sold 76,694 acres, for a total consideration incash, bonds and bills receivable of $170,758. The cash receivedon account of sale of lands, and collections for previous sales,amounted to $29,483. The payments on account of the LandDepartment have been $68,094, as follows: Land Departmentdirect expenses, $24,003; miscellaneous expenses, $10,199; and inaddition the taxes paid upon the entire land grant of the com-pany, $33,893—making a deficit in its cash opera'ions, chargeableto the Land Department, of $38,611. There have been deliveredto the trustees, Messrs. Sage & Cowdrey, as consideration fordeeds, and canceled by them, $160,000 Union Pacific South. Br.bonds, with coupons amounting to $167,170; and there were inthe hands of H. B. Henson. Secretary of the Missouri Kansas &Texas Hallway Company, Dec. 31, 1877, and ia transit, $6,000 ofUnion Pacific Southern Branch bonds and 23 past-due coupons,amounting to $0,690—being a total of bonds and coupons receivedand retired during the year of $173,860.
ESTIMATES FOU 1878.
Mr. Bond submits estimate for renewals and improvements forthe year 1878, which includes :
l8t—Steel rails $-260,88;l2d—Ties 150.000Sd—Bridges and trestles 165 0004th—Widening banks, ballast, &c 80.0006th -Buildings 85,000
Total $690,880
Being about $150,000 more than was expended during the pastyear for expenditures of a similar character.
BALANCE DEC. 31, 1877.The trustees general account gives the following items of
assets
:
Asset?, a« per General Manager's ledger $-387,143Less liabilities, as per Gen. ManagL^r's ledger 38'*i,406^ $l,f'87
Cash" balance in Union Trust Company 34,835Notes of the Houston & Tex. Cent. Railway Co.,taken in settlement of account to Dec. 31, 1871. $226,601
Draft of nouaton & Texas Cent. Railway Co. onNew York (paid in cash) 23,364—249,965- $JS9,48D
$l,a3T,0«3
GalTCstoii H.arrisburg & San Antonio Railway.(For the year 1877.)
Line tf Road—Harrisburg, Texas, to San Antonio, Texas, 215miles.
Rolling (SiocA—Locomotive engines, 21; passenger cars, 17;baggajre, mail and express cars, 5; caboose cars, 6; and freight
cars—box, 141; stock, 131; and platform, 161; total revenuecars, 444. Derrick car, 1 ; and roadway and service cars, 78.
The road was opened to San Antonio March 1, 1877. Theaverage length operated in 1877 was 209 miles. A branch to
New Braunfols, 10 miles, is projected.
Operations—For tlie fiscal year ending Dec. 31, 18 7. Trainservice : passenger, 144,848, and freight, 219,050 ; total revenuetrain service, 363,898 miles. Roadwav and working trains, 129,-
272 miles; total engine service, 493,630 miles. Passengers carried
(10 months), 42,194; carried one mile, 3,709,517. Freight moved(10 months), 85,933.1 tons: moved one mile, 15,558,940 tons.
[General offices burnt in September and reports for Aug. and Sept.
destroyed.] Fiscal results for year as follows:
Eaningi.\
Expenditures.Passenger earnings $176,460 38 Way and structures $27,660 28Freight '..
. ..;;.... 83 1.109 84 I Rolling jtock 121,380 93
Mill and express 80,633 78 Transportation 169,308 94
Minor 80u:ces.i 25,-'i64 23 Miscellaneous 41.854 67
Total (81,733 47 permile, 34 32 per cent; .... $360,204 72
Balance, net earnings, $692,363 51. Payments from net earn-
ings—Interest on funded debt $138,055 19 ; interest and sinking
fund to State of Texas, interest on floating debt and premium ongold, $233 161 86; and taxes and other payments, $17,585 03;total, $336,802 07. Credit balance at close of year, $305,561 44,
which was expended on construction.
FtNANCIAI. STATEMENT —OENEnAl nAUNOES, DEO. 31, 1877
Total ($5,036 21 permile) $1,0:2,568 23
Property and Asfets.Road and appiirteuancea $-.685,392 15
Rollingftock 787, .368 84
Real e-tate & buildings 1,668.503 MBo. .ds owned by Co... . l,5B9,(0i) OOMaterial & fuel on hand. 3>,4!5 72Bills receivable 3V9.-)7 61
Other current assets .... 55,613 SOCurrent accounts... .... 246.181 2i<
Cash on hand 26,628 81
Total property andassets $13,110,348 58
LlabUllles.Share capital paid in,... $4,6:38,7»» 40Represented by landsand city bonds 1,811,305 60
$6.450,l'00 00Funded ileht 4,300.000 00Bills payable 1.248.635 66
Other liabilities 770,033 90School fui.d, State ofTexas 407,066 82
Currentacconnts (includ-
ing coupons, $340) .... 81,607 27
Total liabilities $13,110,348 65
April 13, 1878.] THE CHRONICLE. 367
The funduj debt cotiKlitB of tirst mortganeB, rallwny and land
B^.nking fund per cent gold bond^, dated Feb. 1, 1871, »nd pay-
able, Interent neml annually Feb. 1 and Aug. 1, and principal
Feb. 1, 1010. Of tlio $4,200,000 issued, there aru still on handunsold 11.309,000.
The mortgage covers the entire property, includiun: about
1,500,000 acres of land and the franchises of the company. Theproceeds of the sales of the subsidy lands (10 sections per milt)
will go to the Irustees and be used to purchase the bonds in the
market. The bonds are further secured by a (-inking fund of one
per cent, to commence in 1880, and for which bonds are to be
drawn annHally thereafter, by nhich process nearly all the bondHwill have been retired at maturity.
The 11,309,000 bonds still on hand and also $300,000 Bexarcounty bonds are held as assets against the floating debt.
The debt due the State school fund ($407,006 82) pays 6 per
cent interest and 2 per cent sinking fund, in semi-annual instal-
ments. May 1 and Nov. 1. The sinking fund will retire the wholeamount in 1890.
The floating debt and credits applicable thereto stood, Dec. 31,
1377, as follows
:
DtbU.Billa payable, Incladtnffnotes • f $790,000 to l'W. Pclrec $I,549,«35 56
Othtr linbilitle!-, includ-ing $ai8.393 S5 due. T.wTPflrce 770.088.90
CoiTcnt acconiits 38,76; 27Coupons outstanding - . .
.
840 00
Total 8-',e68,-J91 78
Credit.Bonds nmold $l,393.oro 0.1
Bexar counly bonds 200,000 00Notes receivable, cashand balances due fromEtailon agonts and con-necting roads 364.64-3 49
Total tl9«3B13 4r.
Balance—net float, debt.. $t9,43j H
GENERAL INVESTMENT NEWS.
Atcbison Topeka & Santa Fe,—The Land Departmentreports that the sales for March amounted to $125,903, against
$27,0o0 in March, 1S77. The immigraiion along the line of the
road in Kansas is said to be large.
Baltimore & Ohio.—The regular monthly meeting of theDirectors was held in Baltimore, April 10. The Committeeon Finance submitted a report and a resolution that the Board of
Directors recommend to the stockholders of the company theacceptance of the act passed at the late session of the Lpgielature,
providing for an adjustment and final settlement of all pendingcontroversy between the company and the State. The report andresolution were unanimously adopted, and a general meeting of
the stockholders to vote upon the proposition of acceptance wascalled, to be held at the ofJBce of the company, on the 10th day of
June next. During the litigation between the State and the com-pany, in regard to the gross receipts for passenger tax, thecompany passed five semiannual dividends on the stock of theWashington branch of the road, and a resolution was adoptedto day that eo soon as all the arrangements required to be perfect-
ed to give the act of the Assembly aforesaid full effect accordingto its tenor, there shall be declared five semi-annual dividends of
S per cent on the stock of the Washington branch.It was also resolved that a dividend of 4 per cent be declared
on the capital stock of the main line for the half-year endedMarch 81,^1878, payable in the stock of the company, on and after
the 15ih ot May next.
In connection with the recommendation of the Fimnce Comtnlttee to declare the dividend in stock, Mr. Garrett remarked that
although during the present administration, which had continuedfor twenty years, the dividends had been uniformly in cash—evendaring the great war—at six, eight, nine and ten per cent peryear, yet the form proposed by the Committee was not at all
novel in the history of the Baltimore and Ohio Company. Atvarious periods prior to 1858 when the company needed money,rather than press sales of its bonds and securities, it adopted the
conservative plan of using a portion of its earnings by borrowingthe sum from its stockholders, and issuing therefor its stock. Alarge amountof thecosiof the road between Cumberland and theOhio River was supplied under this system. In order to aid thePittsburg and Connellsville, the Marietta and Cincinnati, theVirginia Midland, and to construct the Chicago, the BaltimoreShort Line, and the Cincinnati and Baltimore Iloads and otherenterprises associated with its interests and development, theBaltimore and Ohio Company created a floating debt, which it is
the policy of the company to liquidate rapidly. The companyowns large amounts of the stocks and securities of its connectinglines, eome of which it will be desirable to hold for the purposeof maintaining interest and influence in regard to the policies andco-operative relations of those companies. But large amounts of
the bonds of these companies now held can properly be soldwhen sufliciently advantageous rates can be obtained for them.The committee has recommended that a portion of the earningsrealized within the last six months, viz: 4 per cent, being $535,-763, be used for the payment of the floating debt, and that stockbe issued therefor. This dividend will be payable in the common stock of the company.
Boston Bank Dividends.—The dividends of the Bostonbanks the past six months are the poorest ever recorded.The changes from October last are as follows : TheBlackstone decreases from 2J to 3 per cent. Blue Ilill 3to H, Boston National 3 to 3, Bunker Hill 5 to 4^, City 3 to
2i, Eagle 2i to 3. Faneuil Hall 3 to 3, First National 6 to 5,Hamilton 3 to 3, Howard 3 to 2, Mechanics' 4 to 3, Merchants' 3ito 3, Monument 5 to 4, North America 2} to 2, Rockland 4 to 3i,Second National 4 to 3i, Shawmut 3 to 2}, Shoe and Leather 3 to
2^, Suffolk 3 to 2 and Tremont 2^ to 2 per cent. The EUot
increases from 3 to 8 per cent. New England 8 to 3}, People's 8ito 4 and Revere to 3 per cent. The 'ollowing banks p«M theirdividends: (Central, Commerce. Commonwealth. Kverett, FlritWard. Fourth National. Globe. Manufacturers', Market, Merchan-dise, Metropolitan and Third National. It is a singular fact thatin all the changes precisely a like number as in October (14) pays2 per cent.
The Eleventh Ward Bank is closing up. The Pacific fnew)has not been in operation six months; commenced Nov. 13, 1877.The National Bmk of Brighton has changed its par value from$80 to $100 psr share, giving 4 new shari'S for fi old ones. TbaRevere reduced its capital Feb. 1 from $2,00!).000 to $1,500,000,paying off at $100 one share in four. The Globe passes for thefirst time in its history of 54 years, but this is due to a true policy
of conservatism, and not to a lack of actually earning a dividend
the past six months. The same can be said of other bankspassing.
Of the sixty-two banks within the limits of Boslon, two pay 6per cent, two 4i per cent, five 4 per cent, four 3i per cent, thirteen
8 per cent, one 3 per cent quarterly, twelve 2i per cent, fourteen
3 - er cent, and twelve pass (besides one now and one in liqui-
dation), making an average of 234 pet cent.
Canada Soutlicrni—The Canadian Parliament has pas.ied the
act authorizing this company to make the necessary issue of bondsand take otber action required to carry out the arrangement madewith the bondholders. It is announced that the agreement hasbeen signed by holders of about seven-eighths of the bonds.
Cincinnati Konthern.—A New York Times despatch, datedCincinnati, April 11, says: The Ohio Senate to-day passed a bill
authorizing the city of Cincinnati to issue $2,000,000 more bondsfor the completion of the Southern Railroad. The House will
probably pass the bill to-morrow. It is mandatory upon the
trustees to use the $2,000 000 authorized in opening the road to
Chattanooga. The salaries of the trustees are virtually abol-
ished, and it is provided that the bill shall be submitted to the
vote of the people of Cincinnati within twenty days after its
passage. The wrangle over the question of the completion of the
road has been long and bitter. A large party has been in favor
of throwing away the $16,000,000 already expended and letting
the road go to the dogs.
Cincinnati Wabasli & Micliigan.—It is stated that five
locomiitives and sixty cars of this road were sold March 37, at
sheriff's sale, at Wabash, Ind., to satisfy a mortgage ol $100,000,
held by Mr. J. W. Wade (deceased).
Connecticut & Passnmpsic.—A Montreal despatch of April
10 says: "At a meeting of the managers of the Passumpsic &Southeastern Railroad, held here this week, all differences weresatisfactorily adjusted. The Southeastern Company is to take
and operate the Mist-iequoi & Clyde River road, which has beenthe bone of couteulion. Through trains from Montreal to Boston
will be run through the lines established. The Southeastern
debt will be reduced over one-half."
Dclroit & Milwaukee.—The committee of Americaa bond-
holders c*lled for a meeting to be held at Detroit, April 6, to
decide what action to take as to the proposition made by Mr.Newberry, of the Ore t Western Railway Company. By that plan,
the road is to be foreclosed speedily, bouKht in, reorganized, andan Isjue of an equipment mortgage for $3,000,000 at 6 per cent is
to be made, as also a consolidated mortgage of $:^,200,000 at 5 per
cent for five years and 6 per cent afterward, principal and interest
guaranteed by the Great Western of Canada. Holders ot first,
secured or fuuded coupon bonds are to receive 70 per cent ol the
face of their bonds in the new consolidated.
Erie Railway.—Mr. Jewett has filed his report as receiver of
the Erie Railway Company for the month of January. Deducting
the receiver's certificates and money borrowed and repaid, the
receipts were $1,980,671, and the erpeuditures $1,809,194. Theloan account is increi.sed 1(9,000. The receiver's certificates are
reduced $203,965, and only $1,278,003 were left outstanding. Thecash balance is reduced from $466,618 to $149,129, showing anapparent reduction of debt for the month of $177,470. Amongthe disbursements are $23,9-50 for the purchase of securities,
$30,770 for interest, $14,707 for coal lands and $30,000 for
locomotives.
On his own application Mr. Jewett was lately authorized byJudge Donohue. in Supreme Court, Chambers, to purchase
$236,500 of the bonds of tha Paterson & Newark Riilroad
Company. Mr. Jewett had previously been authorized byChancilfor Runyon, of New Jersey, to make the purchase. Thebonds are the remainder of those issued under a $500,000 mort-
gage and not already held by the Erie Company, which guaranteed
their payment.
Franklin County (Mo.) Bonds.—The Fourth National Bankobtained judgment in the U. 8. Circuit Court against Franklin
conntv, and execution was issued, but no'propetty was found to
levy on in satisfaction. The county having made no provision
for the payment of the bonds or Interest, plaintiff prayed a writ
of alternative mandamus, to compel the county court to levy a tax
for that purpose. Defendant made a motion to quash the writ,
and Judge Treat has denied it, saying in his opinion : "There
having been no revenue raised according to the allegations in the
petition for the needed purpose, it is the duty of this court to
compel a resort to the most effec ivo mode ol securing payment
for the judgment creditor."
New York Mntnal Gas Light Conipany.--This company'*
stock was recently placed on the free list ot the New York Stock
Eichanee. The statement submitted had the following:
Cap! al stock, 50,000 shares, $100 each, $5,000,000; 7 per oent
368 THE CHRONICLE. IVoiv. XXVI.
gold bonds due Aug. 1, 1882, $1,000,000; bond and mortgnge,$300,0(10; bills payable, $330,000. Assets: Cash on hand, $76,130;
coal, naphtha, coke, &c., .$63,002; outstanding gas accounts,
$137,900; total, $267,033, The company has paid quarterly divi-
dends of 2i per cent since Jan. 1, 1875.
New ¥i»rk State Canal Tolls.—The rates of toll that are to
go into tffrci on ihe opening of navigation of the Erie, Cham-plain, Or<\V' gn, Cayuga and Seneca canals have been received at
the Produce Exchange. In the charges on freight moving towardstide- water there are no very material changes; one-half the samerates beinsr maintained on everything except foreign salt whenmoving from tide-waier, which is the same as last year. Somefew additions & d modifications have been made to the free list,
of which the following is a complete schedule : Leached ashes,
bacon, salted bacon, i)oat.s, live cattle, clover-seed, Ci^fFee, cornmeal, cotton, domestic distilled spirits, domestic cottons, domesticwoolens, diied fruit, furs and skins of animals producing furs,
grass-seed, hemp, live hogs, hops, lard, lard oil, bar and pig lead,
leather, salted pork, live sheep, tallow, unmanufactured tobacco,wool.
Ohio & Mississippi.—In the United States Circuit Court, Mr.John King, Jr., receiver of the Ohio & Mississippi Railroad, hasfiled his report for the month cf March, as follows:
BECKIPTS.Cash on hand March 1 $50,658Prom station sgenis -'eii.aiS
Promcondnctoi-e 1,993From individuals, railroad coaipanie^, etc 26,y20From express companies..,, 709
Total $312,900
DISBURSEMENTS.
Vonchers prior to November 18, 1876 $33,600Arrem a^^e:* prior to November 18, 1S76 20Vouchers eu sequent to November 17, 1876 157,229Pay-rolls subsequent to November 17, 1876 100,^ .38
Cash 6u haud April 1 82,010
Total $312,300
Oregon & California—Oregon Central.—A despatch ftomSan Francisco, Cal., April 8, states: A Portland despatch says :
" It is asserted on good authority that arrangements have beenperfected by which English and German bondholders, who havfor some time jointly owned the Oregon & California Railroad,the Oregon Central Railroad and the Oregon Steamship Company,divide the'r prop'^rty. The English bondholders take the OregonCentral Railroad, which they have controlled for some time, andthe Oregon Steam.ship Company, and the Gtermau capitalists takethe Oregon & California Railroad."
Pettis County Mo.—A basis of compromise offered by someof the bondholders of this county is reported as follows: Timcreditors are to 'Surrender their olci bonds at the rate of 66 3-3cents on the dollar of principal and coupons due on or before thefirst day of May, 1878. and accept therefor new six per cent five-
thirty bonds, daied May 1, 1878, and the county contracts toprovide a sinking fund after five years, by the levy of an annualtax of not less than one-tenth of one per cent on all the taxableproperty of Pettis county, to be applied to the redemption ofthe new bond.
Pittsburg City Befct.—The City of Pittsburg being in defaulton its Penu Avenue bonds, suit has been pending there on anapplication for mandamus, brought by Mr. Henry Wheleu, ofPhiladelpliia, to compel the city to raise the necessary money tomeet the payment. A majority of the court failing to agree, thewrit was relused amd the case will be appealed.
Paciiic Railroads.—The bill of Mr. Thurman of the JudiciaryCommittee paesrd the U. S. Senate April 9, by a vote of 40 to 19,and its passage in the House is considered reasonably certain.Of this bill the iV. Y. Tribune, which is generally regarded asrepresenting the Union Pacific Railroad's interests, says: "TheThurman bill is not considered by the representatives of the rail-
road companies, who have been in Washington for several weeks,watching the proceedings in tlie Senate, as, on the whole, veryobjectionable; and there is little doubt that they prefer that it
should becorue a law rather than that the question of the pecuni-ary obligations of the companies to the Government shouldremain in its present unsettled condition. The Government haswithheld from the companies since 1873 the whole amount earn-ed by them by transportation for the Government, and has keptIt in the Treasury without interest. The passage of the Thurmenbill would release one half of this, as it was unanimously agreedin the Senate that the power of the Government to alter or amendthe charters of the roads applies only to the future, and that nolaw can be passed changing the enacted obligations. Nor havethe companies objected to the Thurman bill on account of thelarge payments it requires. It provides that the Union Pacificshall pay into the Treasury of the United States $850,000 a year,or so much thereof as with the amount due from the Governmentfor transporiation, etc., shall be equal to 35 per cent of the netearnings of the united roads. If the amount due for Governmenttransportation should itself equal one-fourth of the net earningsthen the Uiiion Pacific Company would have no cash payment tomake. In point of fact, if this bill had been a law last year, theUnion Pacific Company would have had to pay into the Treasuryonly about $150,000 in cash. One-fourth of the net earnings,would have brnta about $1,375,000, and the amount due to thecompany for iransportHtion for the Government was about$1,230,000, leaving a balance to be paid iu cash of only about$145,000. Some of th« features of the bill to which the repre-sentatives of the companies were opposed were explained bySenator Thurman, in his speech, iu such a way as to removemany of the most serious objections to them. "
The following is the text of the important portions of thePacific Railroad Sinking Fund Bill as reported by Mr. Thurmanfrom the Senate Judiciary Committee on the 4th of March, ult:
Be it enacted, etc.. That the net e^irnings mentioned in the Act ot 18BJ ofsaid Pacific Riiiroad Companies, respectively, shall be a'^certaiued by deduct-ing from the gross amount of iheir ciraings, respectively, the necessaryexpenses actually paid within the year in operating tlie same and keening thesame in a state of repair, and also the sum piid by them, respectively, withinthe yei.r in discharge of interest on their flist mortg.ige bonds, whose lien haspriority over the lien of the United States, and excluding from consicieratlonall sums owing or paid by said compuiies, respectivelv, for interest upon anyother portion of their indebtedness; and the foronoing provision shall bedeemed and taken as an amendment of said Act of 18i4. as well «s of said Actof Ites. This sectioa shall take eiTect on the 3)th day of June next, and beapplirable to all computations of net earnings tliereafter; but it shall not affectany fight of the United States, or either of eaid raUroad companies existingprior thereto.Sec. 2. That the whole amount of compensation which may from time to
time be due to said several ra'lroad companies, reepeetively, for services ren-dered for the G'Vcri;ment, shall be retained by the United States, one-halfthereof to be presently applied to the liquidation of the interest uaid and tobe paid by the United States upon the bonds so i3"ued by it, as aforesaid, toeach of said corporations severally, and the other half there-f to be turnedinto the sinking hind hereinafter provided for the uses herein mentioned.Sec. 8. That theresliall l)e established in the Treasury of the Uuiied States
a sinking fund, which shall be Invested by the Secretary of the Treasury iabonds of the United Stales, and the semi-annual income thereof>«haU be Inlike manner, from time to time, invested as the"same pliall aecumulate and bedispoed of as hereinafter mentioned. And in making such iuvestments, theSecretary shall prefer the 5 per cent bonds of the; United States, unless,for good reasons appearing to him. and which he shall report to Congress, heshall, at any time, deem it advisable to invest iu other bonds of the UnitedStates.Sec. 4. That th»re shall be carried to the credit of the said fund on the l«t
day of Febraary in each year the one-half of the compens«tii>n for serviceshereinbefore named, rendered for ihe Government by said Central PacificItailroad Company, not applied in the iiquii'atiou of inieresl; and in additionthereto ihe said company shall on said day iu e.ich year pav into the Treasury,to the credit of said sinking fund, the sum of $l,\!00,000,"or so much thereofas shnll be necessary to make the 5 per cent of the net earnings of its said roadpayable to the United States, under said Actof 18(i2. and the whole sum earnedby it as compensation lor services rendered to the United states, togetherwith the sum hy this section required to be paid, an amount cqaal, in thesggregate, to 25 per cent of the whole net earnings of said railroad company,ascertained and defined as hereinbefore provided, for the year ending tm the3i8t day of December next prtceding. Thit there shall be carried to thecredit of the said fund, on the lat day of l''ebrttar\ iu eac i year, the one-halfof the compensation for services, liereinbefore n;imed, renrtered for the Gov-ernment by sa'd Union Pacific Railroad Company, not applied in the liquida-tion of interest, and in addition tjiereto the said company sha 1, on said dayin each year, pay into the Treasury, to the credit of taid sinking fund, the sumof $850,000, or as much thereof as shall be iiece.-saiy to make the 5 per centof thenet earning* of its eaid road payable to th; United Slates under soldAct of 1862, and the whole euti earned hy it, as compensation for servicesrendered for the United States, togeiher wilh the sum by this s,-ction requiredto be paid, amounting in the aggregate to 35 per cent of the wlio e net earn-ings ol said railroad company, ascert.iined and dtflried, a-* hereiiiljeforeprovided, for the year ending on the 31st day of IJecember next preceding.Sec -6. That whenever it shall be made satirfactory to appear to the secre-
tary of the Treasury, by either of said companies, that 25 per cent of its netearnings, as hereinbefore defined, for any current year are or were insufficientto pay interest forsuch year upon theobligaiionsof such company, in respectof which obligations there m-y exist a lieu paramount to thiit ot the UnitedStates, and thit s.ich interest has been i)aid out of such nut earnings, saidSecretary is hereby authorized, and it is made his duty, t' remit, for suchcurrent year, so much of the 25 per cent of net earnings reqnirt-d to be paidinto the sinking fund as aforesaid as may have been thus app.ied and used
^ in the payment of interest as aforesaid.Sec 6. That no dividend shall be voted, made or paid for, or to. any etock-
holder or stockholders in either of said companies, respectively, at any timeI wtien said company shall be in default in respect of jayment, either of thesums required as aforesaid to be [taid into said sinking fund or in respect of
jthe payment of said 5 per cent of the net earnings, or in rLSpuct of interest
[ upon any debt, the lien of which, or of the debt on which it may accrue, isparamount to that of the United States ; and any oflicer or person who shallvote, declare, make or pay. and any stockholder of any of said companieswho shaJl receive any such dividends contrary to the provisions of this Actshall be liable to ihe United States for the account thereof, which, whenrecovered, shall be paid into said sinking fund ; and every such oflicer, personor stockholder who shall knowingly vote, declare, make or pay any such divi-dend contrary to the provisions of this Act siiall be deemed guilty of a misde-meanor, and, on conviction thereof, shall be punished by a tin; not exceeding$li),i!t;0, and by imprisonment not exceeding one year.Sec. 7. That the said sinking fund so est.^biithed and accnumlated shall at
the maturity of said bonds so respectively issued by the United Slates baapplied to the payment and satisfaction thereof, according to the interest andprojjortion of each of said companies in said fund, and of all interest paid bythe United States thereon and not reimbursed, subject to the provisions ofthe next section.Sec 8. 'i hat the sinking fund so established and accumulated sh 11, accord-
ing to the interest a' d proportion of said companies respt ciively therein, beheld for the piotection, security and beniflt of the lawful and jn.-t holders ofany mortgage or lien debis of such companies respectively, lawiuily i*ara-
muunt to the rigkts of the United states, audfor the claims of otner creditors,if any, lawfully chargeable upon the funds so required to be paid into saidsinking liuid, according to iheir respective lawful priorities, as well as for tiie
UnitLd States, according tothe principles of equity, to the end thatall personshavi"g any claim upon said sinking fund m:iy be entitled thereto, iu dueorder; but the provisions of this section shall not operate or be held to impairany e.'iisting legal rights, except in the manner in this act provided, of anymortgage, lieu or other creditor of any of said companies, res, ectively, norto excuse any of said companies, respectively, Iroui ihe duty of dischargingout of other funds its debts to any creditor except the Uniied States.
The remaining sections of tbe bill declare that all sums duethe Uoited States from the companies shall be a lieu upon theirproperty and income; but, in order to prevent misconstruction in
regard to tbe coiupp.nys' lands, the 9th section was so amended as
to declare that it shall not be construed to prevent tlie companies(rom disposing of any of their property or assets, m the properand lawful course of their current business, iu good faith and for
valuable consideration. The Attorney-General is to enforce therights of the United States, and failure to comjily with therequirement of the law for six months shall operate as a forfeit-
ure of the grants and privileges of tbe companies.
St. Louis & Irou Mountain.—The trial of the suit of theUnion Trust Company of New York against this railroad wasconcluded in St. Louis, and the case submitted to the court, withthe agreement tbat the defendant's counsel should fie tbeir brief
by the lOtb of May, and the plaiutifl's counsel their brief^inrebuttal by the first of June.
Wilmington Colnmbia cS; Angusta.—The firrt mortgage bond-holders held a meeting in Baltimore, April 8, and appointed acommittee of three to secure an expert to examine the books of
the company and report to another meeting at an early day.
ApnrL 18. 1878.] THE CHRONICLE. 369
Jlic Commercial '£imcs,
(ir) -Nl \1 ERC Pa L EmolTK^Friday Night, April 13, 1878.
Tliere 'i» scarcely a new fact to be noted in relation to the
state of trade, t'oinplftiuts ot "dull limes" are heard on i.U
8ide.«. Uareiiiunerativfl prices are sy^oken of as a discourigemeot
to busiiii-os. •' Ii isi Bo dilDcull to get a new dollar for an old one,"
is a remark tliat ia often repeated. It does not seem to be fell
that tliere i» now any great obstacle to tho revival of trade, except
the genera! want of confidence which prevails. Lnw prices do not
brintr forward buyers, «sd failures and defalcations continue to
be disagreeably uumerous. The public inquire, " where is all
this to .nd ?" and in the mean time risk as little as possible.
Pork has declined and closed unsettled ; 500 bblg. mess sold to-
day at |9 8o for June delivery, but held at $10 at the clo^e, andJuly f 10 15. Lard ia also lower, but closes active at |7 37J for
prime W- stern, spot and May, and $7 o'H for June, with Julynominal at about |7 40. Bacon more active, the sales to-day
including W'es-.ern long clear at ^5 30, and long and short
clear together at |5 60 for arrival. Cut meats have beenmore active, including pickled rib i)ellies, medium and light
weishtp, at 6id(>ic., and dry salted shoulders at 4((£4ic. Beef andbeef hams are (luiet. Tallow has ruled steady at 7f(d7^c. Butterat some decline, cl.-ses with freer sales. Cheese steady and in
de:nan<l, the sales including new full cream at 13^@13c.The Cincinnati Pnce (Jurrent'i twenty-ninth annual report of
the p«rk packing in the Wi-st is published. The total numberpacked last stiuter was 6,505.000 hogs; average net weight, 2264-100 lbs.; yield of lard,38 61-10C lbs.; cist per 100 lbs. net, $4 99.
Compared witli last year there is a gain of 1,404,000 in the num-ber of hO({8 packed, 10 12-100 in the average net weight and4 5310!) iu the average yield of lard, and a decrease of I'Jc. in theaverage cost per 100 lbs. net. The total production of pork was723,368 barrels, being an increase of 86,101 barrels. The numberpacked for the twelve months ending March 1, was 9,018,568 hogs.The winter product of lard wag 761,192 tierces, of which it is
estimated that tlie visible supply in the West and the seaboard,
including interior points, is 350,000 tierces, or 33 per cent of thetotal.
The winter product of cured meats was 980,000,000 pounds, of
which there was at large cities iu the interior and at the seab jardin the middle of March 388,000,000 pounds, or 40 per cent.
The market for domestic tobacco has been much more active.
Of K'-ntuoky, the sales for the week are 1,400 lihds., of which1,200 for export and 200 for home consumptian. Prices are ratherbetter for tlie hii;h grad«a ; lugs quoted at 2j@14ic., and leaf at
5@13e. The movement in seed leaf has also been large, the sales
aggregating 2,435 cas^s, as follows: 1,360 rases, crop 1877, NewEngland. 0(jJllc. and private terms; 425 do, crop 1876, J<. Eng-land, 10ii«22c.; 500 do 1875, N. England, 21c<i25c.; 56 do., 1876,
Pennsylvania, ll@18c., and 100 do. fcundries, 5@18c. Spanishtobacco has been rather quiet, and the eales are only 450 bales
Havana at 85c.((j)$l 05.
The business in Brazil grades of coSee has been rather moder-ate and even limited at limes, and yet a fairly steady tone to
?rices is letained ; fair to prime cargoes Rio being still quoted at
51<@l7c., gold. Slock here iu first hands on the lOih inst.,
83,450 bags; mild grades also have bten quiet, but still quotedwith sieadines!!. KiCD continues to move in the regular jobbingway at 5i'a6ic., currency, for domestic; Rangoon has latterly
sold at 'i^c, gold, in bond. Foreign molasses is more firmly
qaoted, owing to the comparatively moderate supplies and fair
demands ; 50-test Cuba refining is quoted at 36c. New Orleanssells fairly at a range from 20@50c., the latter price being for
fancy lots. ll<tined sugars have latterly been quiet and barely
Steady, with standard crushed qaoted at 10c. Raw grades also
are a trifl' lower, with only moderate sales; fair to good refining
Caba quoted at [email protected]. Boxes. BaeB. Melado.
SUck April 1, 18^8 18,.M0 8,257 »6.i;J4 490Beoeipts since April 1. 1878. 13.173 2,ii.M 28,057 S81Sales since April 1, 1878 13,468 1,312 3S,1)03 69)Stock April 10 1-7S 16,085 9,979 26.488 1178Stock April U, 1817 3S,412 7,169 193 178 1,265
Ocean freight room, both on the berth and for charter, has, in
the aggregate, met with a fair movement, though the rates, at
times, have been irregular and somewhat lower than those ol last
week, cliarti-r room especially. Late engagements and chartersinciiiHt- Grain to Liverpool, by steam, 81.; cotton, 15-04@id.;l>ri>v,>; MIS, 30iit33.''. per ion
;grain, byeail,6td. per 60 lbs.; cotton,
IV'llji.l ; oilcake, 20s. Today, business was quite moderate,but steady rates were in order. Grain to Liverpool, by steam,
8<26id. ; do. to London, by steam, 9d.; flour, by sail. Is. 10}d.;
grain to Danisli ports, 6s.@6s. 3J.; do. from Philadelphia to
Naples, 6s. 10^(1@78.; refined petroleum hence to Eimouth, 3s.
7id.; do. to Gibraltar for or.!er8, 4s. 9d. ; and cases, 24c. gold.Whiskey is firmer at $1 07J@|l 08. Grass seeds are quiet andnominal.
In naval stores few interesting features have transpired ; spirits
tarpentine closes dull and unchanged at 3lc., though at onetimea good consumptive demand was reported at this ptice. Rosins arequoted slightly lower, at $1 57^@$1 62^ for common to goodstrained. Petroleum has continued dull, and nominally weak, in
sympathy with the daily declines noted at the Creek ; crude, in
bulk, quoted at the close at 6Jc., and refined, in bbls., at ll^c. for
prompt deliveries. American pig iron has continued quiet, butfirm, owing to the advanceil prices for coal; No. 1 quoted at $18@$19. Rai's have been quiet since the sale ol 7,000 tons iron,
deliverable at Milwaukee, at $35. Ingot copper has latterly beenquiet, but steady, at 17c. for Lake.
COTTON.Friday, P. M.. April 13. 1878.
Thb Moybmbnt of thb Crop, as Indicated by our telegramifrom the Bouth to-night, is given below. For the week endingthis evening (April 13), the total receipts have reached 51,391
bales, against 59.886 bales last week, 65,470 bales the previous
week, and 75,733 bales three weeks since, making the total re-
ceipts since the Ist of September, 1877, 4,004,735 bales, against8,778,419 bales for the same period of 1876-7, showing an increasesince 8ept. 1, 1877, of 326,816 bales. The details of the receiptsfor this week (as per telegraph) and for the corresponding weeksof five previous years are as follows :
flMelpts this week at—
New Orleans .
Mobile
Charlestoa
Port Royal. *c.
Savannah, 3ic...
Galveston
Iniiianola, Ac...
rcnuessee, Ac.Florida
North Carolina..
Norfolk
City Point, Ac
1878. 1817.
14,322
0,670
2,960
863
3,430
5,143
1
9,446
5i
1,1I4
9,224
1,263
7,918
1,372
1,859
3,S78
1,706
15
2,603
22
390
2,099
126
51,391 21,183 41.620Total this week....
Total since Sept. 1.... 4,004,735 3,778,419|3,855,106 .3,274,638|8,512,510 3,163,638
1876.
16,593
2,461
2,353
2.341
8,870
821
5,248
73
1,956
6,137
231
18TS.
10,269
1,429
8,878
291
4.443
4,016
198
6,563
11
957
6,250
433
1874.
8,878
2,3-38
4,421
4,534
8,8i5
846
9,80'J
112
681
*.'
313
37,769 40,615 55,830
1818.
The exports for the week ending this evening reacti a total of07,684 bales, of which 48,303 were to Great Britain, 4,784 to
France, and 14,678 to rest of the Continent, while the stocks asmade up this evening are now 533,334 bales. Below are thestocks and exports for the week, and also for the correspondingweek of last season:
Week ending
April 12.
Exported to Total
this
week.
Sameweek1877.
Stock.
Great
Britain.France
Conti-
nent.1878.
221,53)
23,070
16,313
23,838
32,044
157,109
19,3J7
40,000
1817.
New Orleans
Moliile
24,517
1.636
8,266
8,268
7,017
3.468
48,202
4,781
....
....
2,551
4,892
2,115
4,605
5!2
31,855
4,892
3,751
7,871
8,780
7,047
3.463
67,684
23,232
8,017
4,854
10,585
1,&19
12,414
2,162
207,779
36,919
Charleston
Savannah, &cGalveston
New YorkNorfolk.
Other ports*
21,894
16,186
44.504
260,144
11,437
35,000
Total this week.. 4,7-;4 14,673 63,213 5*3,234 63:3,892
Total since Sept. 1 1,768,503 '417,84! «)8,iM5 2,826,29:) !2,56!\.309
• The exports this week auder the head of "otner ao-ts" Incluile, from Balti-more, 1,168 bales to Liverpool; from Boston, 150 bal-sto I.lverpool; fromFhlla-delphla, 1,053 bales to Liverpool ; from Portland, ;,100 bales 1 1 Liverpool.
In addition to above exports, there are the following amountsof cotton on shipboard, not cleared, at the ports named :
On Shipboard, not cleared-forLeaviag
Stock.At—Liver,
poiil.France
.
Other
Foreign.
15,C00
3,800
477
Coast-
wise.
2,000
600
43
ToUl.
New Orleang
Mobile.
63,500
«,600
8,876
73,976
ll.GCO
None.
None.
91,5:0
10,6
4,396
106,3.6
130,000
13,500
Oalveaton 27,668
Total 11,C00 18.777 2,613 in,148
From the foregoing statement it will be seen that, comparedwith the corresponding week of last season, there is an increoMIn the exports this week of 4,451 bales, while the stocks to-night
are 100,658 bales less than they were at ibis time a year ago.
The following is our usual table showing 'he movement of cottoa
at all the ports from Sept. 1 to April 5, the latest mail dates:
BSOEirTS XPORTBD SINOa a^SPT. 1 TO—Coaat-wlaePorM.
PORTS. BUICS aSPT. 1.Great
FranceOther
Total
.
Stock
1877. 1876. Britain forel'n
1166,973N. Orleans. 1,291,656 1,107,383 619,238|281,930'355,805 130,604 938,393
Mobile S90,lt,0 343.322 94,398 23,047i 26,387 143,812 819,319 29,225
Charleet'n* 419,69J 453,228 117.452 «6,816|10),389 284,637 115,531 18.614
Savannah .. 558,803 4-.:.ll4 160,893 36,351 129,3JI1 326,041 811,144 29,360
Salveston*. 41V7; 491,348 166,165 26,971 11,291 i04,42J 189,971 St,152
New York.. 112,722 117,670 253,331 5,083 33,518 291,931 152,285
Florida..... 13,803 20,310 18,908 ...
N. Carolina 184,125 12l,tS3 3.3,163 1,730 19,?90 64,8« 76,975 S,T«
Norfolk*.. 459,417 618,482 128,694 1,075 2,9« 182,58? 302.719 26,008
Other ports 138,182 131,994 147,574 .... 14,804 161,678 .... 87,000
Tot this yr. 3,9:3,314 1730,301 443,058 5»t,««7 2757,626 1310.266
1191.193
B64.7SB
689.171Tot. last vr. 18,757.236 1758.4S1 IMS.S95 .319.7*1 nn.«9-
• Under the head of aharU»tm\* mcladed Port KoyaJ, ^iyi.iBijiidid ClMSaftiMtonlalaclndadlndUnoia,*o.; andor the he«l of Norn» u inoiuoea wnPoint Ac. -
The^e mail returns do not c irrespond precisely with the total
of the telegraphic figures, because in preparing them it is always
necessary to incorporate every correcUon made at the ports.
370 THE CHRONICLE. rvoL. XXVI.
The market lias been firm for cotton on tlie spot, and on
Monday last quotations were advanced l-16c., to lOfc. for mid-
dling uplands, but business has been on a very moderate scale.
The New England cotton mills have encountered troubles with
their employes, and a eerious defalcation at Fall River has
occurred, both tending to limit the purchases of home spinners;
and shippers have encountered a decline in gold and in the gold
rate of exchange, which, added to the firmer views of holders,
has proved a serious obstacle to business. To-day, the market
was firm, and lines of even grades could not be readily had at
quotations. For future delivery, tlie most conspicuous feature
of the market has been its irregularity as between this and the
next crop. At the close last evening, April and May were three
points above the previous Friday, the summer months one to five
points below, and the autumn months 11 to 15 pointj below. Themarket opened buoyant on Saturday, but it soon became appar-
entjthat the bulla had overloaded themselves, and, under sales
to realize, the advance of Friday was more than lost. There wasa pretty full recovery for the early mouths on Monday, but the
next crop dragged, a>;d on Tuesday, with this crop slightly
dearer, the next crop was rather easier, November and Decem-ber being 1@3 points lower. Wednesday gave way 3@5 points
for all deliveries, but yesterday there was renewed irregularity;
the opening was generally weak, under the less favorable inter-
pretation put upon the reports with regard to the differences
between Russia and Great Britain, but at the close this crop hadadvanced 2@3 points, and the next crop had declined 2@7 points,
December and January giving way most. The firmness of this
crop was due to the smaller receipts at the ports' and at the
interior towns of the South, and the rapid reduction of stocks
which now necesearily goes on. To-day, there was an advance of
3@6 points on stronger Liverpool accounts.The total sales for forward delivery for the week are 284,700
bales, including — free on board. For immediate delivery the
total sales foot up this week 4,307 biles, including 2,030 for
export, 2,041 for consumption, 306 for speculation, and — in
transit. Of the above, — bales were to arrive. The followingtables show the ofiioial quotations and sales for each day of the
past week:
Ordinary * BBtrlctOrdtnary:...&ood OrdinaryStrict Good Oid'ry.Low MiddlingStrict Low Mlcidl'gMiddlingGood Middling.
.
Strict Good MIddl'gMiddling Fair...Fair
UPLANDS. ALABAMA. N. ORLEANS
Sat.Apr. 6.
8 15-16
9 7-16
9«lIJi10 a-l«10 15-16
IIX
inon.Apr. 8.
7 13-168 9-169
9H<) 15-16
10 5-16lOX11
11 5-1611 l»-lfc
112 5-16
Sat.Apr. 6,
8X8 15-11
9 T-169i*
W%Vi 9-1610 15-16
11S<115^
Mon.Apr. 8.
7 13-16
8 9-189
9K9 15-1610 5-16U!%II
11 5-1611 13-16Vi 5-16
Sat.Apr. 6.
i%9 1-16
9 9-:g10W%10 11-1611 1-16IIXUK
Mon.Apr. 8.
7 13-168 11-16
9X8J<lU 1-16
10 7-16
105^
"« ,11 7-1611 15-16\i 7-16
Sat. non.Apr. 6. Apr. 8.
7 15-16
8 11-169><
9X10 1-1610 7-1611'9^
11 7-1611 15-1612 7 16
l^ .9 1-16
3 9-1610
111 11-16
U 1-16
U%n}i
Ordinary ^ 11).
Strict OrdinaryGood OrdinaryStrict Good Ord'ry.Low MiddlingStrict Low Mddl'gMiddlingGood MiddlingStrict Good MIddl'gMiddling Fair...Fair
Tnes \ired.Apr. 9. Apr.lO,
7 13-16
8 9-169
9K9 15-1610 5-16
lOH11
11 5-1611 18-1612 5-16
Ordinary V B.Strict OrdinaryGood OrdinaryStrict Good Ord'ryLow MiddlingStrict Low MlddrgMiddlingGood Middling.Strict Good Mfddl'gMiddling Fair.Fair
Th.Apr.l!
7 lJ-168 9-1699M9 15-16
10 5- 10
V%u11 5-16
U 13-16\V. 5-16
7 13-13
8 9-W9
9 15-16
10 5-16
105^UU 5-1611 13-16
12 5-16
XuesApr. 9.
7 13-16
8 9-169
9X9 15-15
10 5-16
10%11
U 5-16
U 13-16
12 5-18
Wed. TaeaApr.lO. Apr. 9.
7 15-lf.
8 11-16
9K9X!0 1-16
10 7-1610X'^%11 7-1511 13-1612 7-15
7 13-16
8 9-11
991<9 15-16
10 'i-16
10%11
11 5-16n H-16
Wed.Apr.lO,
7 15-16% 11-16
10 1-16
10 7-1610V111-1611 15-16
12 7-16
Tues'Wed.Apr. 9. Apr.lO.
7 15-168 11-16
>%9%10 1-1610 7-16
lOXll>i11 7-1611 V.-V,\'t 7-16
7 15-16
8 11-16
9X9X;0 1-1610 7-16'.0\
Wi11 7-16U 15-1612 7-i6
Frl.Apr.l2.
7 13-168 9-IG9
9«9 l'-1610 5-161"%11
11 5-1611 13-16
12 ,5-16
Th. Frl. Th. Frl. Th.ADr.U. Apr.l'i. Apr.U. Apr.12.
7 15-16
Apr.ll.
7 15-167 13-16 7 1.3-16 7 15-16
8 9-16 8 9-16 8 11-16 8 11-16 S 11-169 9 Hi 9M 9K9X 9>^ 9>« i% 9X9 15-16 9 15-16 10 1-16 10 1-16 10 1-1810 5-16 10 5-16 10 7-16 10 7-16 10 7-1610% lOJ, WX lOK 10¥11 11 IW
111-16I13I
11 5-16 11 5-16 i; 7-16 U 7-1611 13-16 11 13-16 U 15-16 11 15-16 11 r-1612 5-16 •.2 5-16 12 7-16 12 7-16 12 7-16
Frl.Apr.l2.
7 15-16? 11-16
9^1(1 1-1610 7-16lOX
ill-1611 13-162 7-16
STAINED.
Sat.Apr. 6.
mon.Apr. 8.
TuesApi\ 9.
Wed.Apr.lO.
Th.Apr.ll.
Frl.Apr.13
Oood Ordinary
9%
7 13-16
8 9-16
9 1-169 II-IS
7 13-16
8 9-169 1-169 ll-'6
7 is-ii;
8 9-169 1-16
7 13-163 9-;6
7 13-168 9-16
9 1-169 11-16
Low .MiddlingMiddling 9 !l-;6 9 11-16
MABEET AND 8AL,ES.
SaturdayMonday
.
TneBdayWednesdayThursday
.
Friday
Total
Spot MarteetClosed.
UnchangedIrregular, nom'l.Quiet"uiet;ulet
;ulct, steady. ....
SALBS OF SPOT AND TRANSIT.
Ex- ] Con- Spec- Tran- ,p^^„,port. sump, iilat'n sit.
lotai.
3
:0J
'iiVi
100
1,000
20;839319331SOOHi
40107M
2M)
557819826513COO
1.52.'
4.3<7
Sales.
51.4005!,«(10
51.1003,-..6(10
4^.70030,300
231,700
bales. cts.1,300 lO-lS
1,400 15-79
300 10-SOl.OtO 10-Sl
500 lC-82
4,100 10-83
1,110 15-M6,3J0 10--5
1.900 10-36
6.40U 10-87
7.0OJ H)-832,700 10-89
5,100 10-91)
5.6j0 10-91
11,900 10-9!9,2r<i 10-93
9600 10-91
600 10-93
74,400 total May.
Deliv-eries.
5004(10
5110
WO
For forward delivery, the salps (includinghave reached during the wet k 284,700 b iles (all
the bai-is of middling), ai.d the following is a s
Bales and prices:
For April.bales. cts.
«0J 11 -66
100 s.n. 8 h..X-n91,30116.11. Sth..l0-T0SiOs.n. 91 h.. 11.-70
2C'0. n • not;c-! o-d«yor tt-'orrow(Sthft 9 b)... 10-71
10(1 e.n I'l- 1
100 8. n. 6th.. 10-1800B,n, iith,.10';l
balps. ctfi.
•H) s.n. lOth. 10-71
101 e.n. mh.io-'.i100 10-71
eius.n '.C-.2
ii'Os.n. iilh..li-7i
200 s.n. lStli.;0-;2
30(1 10-73
no s.n. 12th.lO-74500 10-71
101 P. n. lotii 10-15
100 s.n. 12 h.l073400 10-75
baie«. cts.2 0, n'> ni'Ice t' -
d«» (liin)...i -76
100 s.n. i:rh.ic;7lOOe.n. I5tb.l(-;720O iiy.s
100 e.D 10-;91(10 1I.--9
lOO 10-802(iiis.n. llth.li ;i-.00 10-81
101)8. n.irth. .10-68
lOOs.n. ;3'.lj.l0-82
Iree on boa d)middling or ontateniout of the
b.rl'«. C 9.200 lO-^2Mo s.n II -f32'J(1 11-83
llWs.n IC'Sl20. lO-MIt^noi otic; thliwe k 1085
S.80J total April.
For May.100 .ic-Ti
For June.
l.'ioi)..
1,500..601..
1.30O..
3.91)0 .
4.500.,9.2M ,
.-.0-38
.1C-S9
.10-90
.10-91
.10-92
.10-94
.10-95
.10-96
18,:;00 10-97
UV200 10-!iS
4,81X) l(!-99
13.700 11-03
6,000 11-01
9,000 Il-li2
14,000 11-03
bales. ct'.3,9)0 11-04
4.600 11-05
900 K-^6
103,100 total Juno.
For July.2)0 V.-ii
300. 10-99
200 l!-00
700 1101700 11-03
2.600 11-ia
2,500 11-04
1,6*1 ii-os3.300 11-06
3.700 11-07
3.800 ..'l-OS3.400 U-093.400 l;-102,000. U-112,8'JO 11-12
-200 U-13200 U-;5
84,600 total July.
For August.SOO 11-01
SOO Il-(i2
100 11-03
4J0 11-06
700. 11-07
2,700 11-18
3.100 11-09
6.21'0.... 11-10
3,300 U-ll
biles.8.300...
1.800..4.'200..
1.700..
1.20O..SJO..
cts.11-12
11-1311-14
ll-'.3
11-1611-17
30.100 total Aujr.
For September.801 lC-54
100 W-«1.000 10-86
1,600 10-87
600 loss'.00 '0-89
loo 10-90
100 lC-91
1,400 111-92
100 10- as
1,100 lt-95
600 10-96
7,9J0 total Sept,
For October.6(10 10-63
1,>00 10-
bales.600..
l.'iOO..
lOO,
cts...lC-75,
..10-76
.10-73
1,900..400..600.
1,1(0..
1,100..I.ICO .
800,.2U0..600..
12,700 total Oct.
For Novemlier.100 10-52
400 10-3S700 ..IC-Sl
SIX) 10-5S
SOO 10-51
1,700 10-58
1,000 10-60
800 10-61
,500 10-6J100 10-64
100. 10-68
6.000 total Nov.
For December.100 10-5*
410 10-5J20O 10-5,
100 10-SJ600 lt-6S
100 10-63
l,4uu total Dec.
For January.ICO ...10-60
20J lC-61
aoo 10-70
1800 vi-n
700 total Jan.
The following will show the closing prices bid for futuredelivery, and the tone of the market, at three o'clock P. M. onthe several dates named:
HTDDLIN8 irPLASDS—AICKBIOAN OLABSryiOATTOlT.
Frl.Higher.10-14
10-S9u-00li-lT
Market-AprilMayJuneJulyAugust 11-14Sept mber. 10-93October 10-73Novcmbe- 10-66
Dec mb r 10-67
January 10-15Transt. orders.. lO-SOClosed— Firm.
«oi.<. , . IXTiExchange 4-84.1^
Sat.Lower.10-6110-7710-8310-97U-OJ•o-sal'.'-6i
10-5310-5310-6210-63
Weak.1011 ;<1-81^
Mon. Tues. Wed. .Thurs. Frl.Higher. Irregular. E-isier. Irregular. Firmer.10-1710-8710-9811-07
!'.-U10-9110-7110-6110-6310-10l')-8J
Steady.m%4-84^
10 8010 81U-OO11-0911-1210-9110-71111-60
10-6J111-70
10-WDull.lOJX4-84>^
10-7510-83l'J-97
U-OI11-0710-8710-6610-5610-5710-6611-90
Quiet.I'OX4-84
lo-,7 10-8410-91 10-31
10-99 11-01
11 06 11-11
lf09 irie10-81 10-8310-61 10-67
10-51 10-5610-53 10-5710-59 10-6110-80 10-85
Steady. SteadyIIKIH
4-84 484
The following exchange has been made during the waek:15 pd, to esch. 100 May for July.
TnB Visible Supply of Cotton, as made up by cable andtelegraph, is as follows. The continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week's returns, and consequentlybrought down to Thursday evenin-r: hence, to make the totals
the complete figures for to-night (April 12), we add the item of
export.^ from the United States, including in it the exports of
Friday only: 1878. 1877. 1876. 1875.
StocK at Liverpool ... 714,000 1.124.000 926,000 874,000
Stock at London 10,000 36.T50 65,750 102,500
Total Oreat Britain stock . . . .
,
Stock at Havre*Stock at MarscUIee
Stock at Barcelona
Stock at HamburgStock at BremenStock at AmsterdamStock at Rotterdam
Stock at Ant-»erp
Stock at other continental ports..
751.000
227,250
6.260
34,000
?,000
39^600
43,500
12,000
7,250
9,000
1,160.750
197,500
3,500
68,0C0
14.500
66,250
70,750
11,000
8,500
15,J53
455,250
981.750
117,000
5,250
86,000
18,750
46.250
47,000
16,500
13,000
17,750
427,500
976,500
126,250
7,600
71,000
11,000
32,850
47,500
11,000
6,S50
11,000
3:2,750Total continental porta 385,750
Total European stocks 1,133,750 1,616,000 1,409,250 1,29'J,250
India cotton afloat for Europe.... 192,000
American cotton afloat for Europe 6-28,000
Egypt, Brazil, &c.,afloat for E'rope 43,C00
Stock in United States ports 633.-234
Stock In U. S. interior ports 63,558
United State!) exports to-day 6,000
249,000
345,000
45,000
633,89-2
80,9684,000
133,000
630,000
43,000
580,4.i9
77.75010,000
403,000
471,000
69,00"
537,49175,8058,000
Totsl visible supply.. . .baleB.a,605,542 2,9TS,S:8 2,933,459 8,863,546
0( the above, the totals of American and other descriptions are as follows :
American—Uverjool stock 654,000 757,000 536,000
CoE'dnental stocks 3-33,000 388,000 270,000
American afloat to Europe 6-28,fl(X) 345,000 6!0,O0O
Otited States stock 533,-2f4 633,892 530,459
United States Interior litocks 83 553 80.968 77,750
United States eipoits to-day 8,000 4,000 10,000
Total American bales. 2,117,792
Skist Indian, Bratil. 6ke.—Liverpool stock 190,000 367,000 890,000
London stock 10,000 38.750 55,750
Continental stocks 52,750 67,560 15.-,600
India afloat for Europe 19-2,000 219,000 183,000
Egypt, Brazil, &c., afloat 43,000 45,000 43,000
Total Bast India, ftc 4-7,750 765.000 829,250
Total American 2,117.792 8,208,S;8 2,104,209
Total visible supply bales. 2,605,54-2
Price Mid. Uplands. Liverpool... 6d.
610.000187,000471 .000637,46175,8f'S
8,00a
2,-208,838 8,101,203 1,769,-206
S6(,000102,500155,750403,00069,000
1,094,2501,769,396
8,863,54ft
8d.
2,973,858
6 M6d.2,930,4t9
6«d.
• Our Havre stock comes to ns to day at S27.250 bales ; this is so large and
nnnsnol a change that at flrst we thought there must be some eiror about itf
but we give it as received, because Ihe division of the total continental stocks
into American and other descriptions appear to conflrm it.— [Ed. Curoniolb.
These figures indicate a decrease in the cotton in sight to-night
of 368,310 bales as compared with the same date of 1877, »
deereate of 3-37,917 bales as compared with the correspondir<?
date of 1878, and a deer«ase of 253,004 bales aa compared
with 1875.
ApniL 18. 1878.
1
THE CHRONICLE. 371
At the Intkriok Ports the movement—that is th» reoelpii
•od shlpmentB (or the week, and stock to-night, aad for the
corresponding weuk ot 1877—is set out In detail In the (ollovring
•tatement.
Week en
Receipts.
ding April 13. 1878. Week endinij April 18. 1877.
Shipments. Stock. Receipts. Shipments. Stock.
Aagaata, QaColambna, UaMacon Ga
65040O136Oi)5:6
5,010681
«,o;61,159187tilS66
7,018958
8.: 936,73 -i
3,8898,991
8,30383,1333,810
4'>2
178188138154
2,0717?
653831434616260
2,566510
12,958
6.0153.991
IfuDtxomory, Aia .
.
Selma, Ala.Kemphla, 'I'cnn
NaihTlUe, Tenn...
3,1141,687
48,751
4,502
Total, old porta.
JMlaa TexarJefferson, ToxBhreveport.LaVlckaburjr, MlM. ..
Colombu^ Misa...Ktifaala. AlaGriffin, OsAtlanta, Qa
7,933
1093)7
1,04U1,5«13116011
lot809S9S
S,S16
8,387
18,764
7841,054917
8.745aoi
61529
478563616
5.»r3
8,385
63,558
1.78$1,7353.8962,8781.1431,515553
4,1931,333361
18,-87
7,597
4-).075
mm
3.323
10207874B07163813
49887
2061,4558,863
5,369
104
4S98,837610US1351306.)8
151355
8,5174,364
80,986
2472,3il
4,9978,765697
1,593SIS
8,?20647610
35,60510,430
52,897
Charlotte, N.Cet.Loaia, Mo.Cincinnati, O
Total, new ports 9,637 16,390 7,510 12,755
Total, aU 17,570 30,151 10,7« 18,n24 133,363
The abo7e totals show that the old interior stocks have^leeretted during the week 5.831 bales, and are to-night 17,403bales 2ms than at the same period last year. The receipts at theBime towns have been 4,703 bales more than the same week last
year.
Receipts from the Pi,.virrATioss.—Referring to oar remarks
in a previous issue fur an explanatim of this table, we nowbring the figures down one week later, closing tonight
:
BBCIIPTS raOX FL4MTATI0KS.
Week Receipts at the Forts. Stock at Intcr'r Ports Rec'pts from Plant'ns
ending— 1876. ( 1677. 1378. 1878.
310,662
187r. 1878. 1876. 1 1877. 1 1678.
Feb. 2. 131,379 133,374 159,156 183,340 311,491 136,878 135,533 161,667
9. 1:8,583 110,006 137,138 310,858 179,266 M0.7O3 118,778 137,0.33 133,353" 16 110.576, 130,730 iaO,09J 303,M: 174,97? 333,103 108,165 116.431 113,483" 83. 109,676 88 068 107.670 198.563 17.!,473|336,69;, 105,793! 86,56:. 101,353
March 2. 86,315 68,615 91,81!> 195,596 173,178 310.935 83.243 68,3:5 73,699
9. 78,350 60,741 90 947 I94.46J 161,291 193,465 77,849 40,835 7i,4r7" 16 65,441 44,557 $2,361 177,331 165,717 169,636 48,32; 40,993 51,435" S3. 62,93i 33,366 75,723 163,38.; 153,011 146,653 43,863 24 6(50 52,740*' 30. 69,913 30,397 65,470 146,001 151,199 131,795 41,633 33,555 50,613
April 5. 55,904 26,387 59,886 133,495 140,619 119,991 43,393 15,737 43,083" 13. 41,6-0 21,133 51,391
1.044.114
130,164 131,363 108,633 3 ',889 13,897 40.033
Total. 930.518 761.295 84.%517'699.676 910.731
e^ The Interior stocks January 35 wore, for 1376, 8J5,16i bales: for 1377.lS5.0ffi bales; for 1878, 213,(ilS bales.
This statement shows ua that although the receipts at the ports
the past wiiek ware 51,391 bales, the actuxl from pUntatioaawere only 40,033 bales, the balance being drawn from stocks at
the interior ports. Last year the receipts from the plantat'ons
for the same week were 13,897, and for 1878 thay were 39,289bAles.
Wbatiibr Reports bt Teleorapii.—Fine rains have fallen
OTCr a very large section of the South the past weak. Texas (in
which State tht-y had begun to complain of dry weather) nowreports the crops everywhere in splendid condition. Elsewhere^ood progress is being made in getting in the seed, and where it
is in, the development thus far has been satisfactory.
Oalnetton, Texas.—It has rained hard two days of the week, therainfall reaching three inches and forty-five hundredths. Wehave had delightful showr-rj during the week throughout theState, doing iminenie good. Crop accounts are more favor.ible
everywhere, and in the Southern portion corn is two to three feet
high, and cotton has four to six leaves. The season is very earlyand promising. Average thermometer, 09 ; highest 78, and low-est 54.
Indianola, Teza».—We have had rain on two days, which hasbeen very beneficial. The cotton plant looks strong and healthy,•nd the corn crop is developing promisingly. The thermometerhas averaged 74, the highest having been 90, and the lowest 58.The rainfall has reached two inches and eighty hundredths.
Vorsicana, Teavw.—There have been delightful showers hereduring the week on two days, extending over a wide surface, thewinfall aggregating one inch and thirty-six hundredths Thethermometer has ranged from 44 to 89, averaging 05. It isthought that grain crops are now assured. Cotton planting isAbout completed in this vicinity.DaUat, 2Vza».—.Rain has fallen on two days, delightful showers
and apparently of wide extent, but hardly enough; another willbe needed m a week. Wheat i$ very promising. Corn is grow-ing rapidly, and cottrfn planting will about finish next week.Average thermometer 65, highest 88, and lowest 45. The rain-fall has been ninety five hundredths of an inch.Brenham, Texas.—U has rained on two days during the week,
refreshing showers, covering a wide area, the ralDf«ll aggre-gating one inch and sixty hunlredtlis. Planting is ab)ut < om>pleted in this vicinity, and crops of all sorts are doing about aswell as possible. The season is very early and promising, thechief danger apprehended being a late frost. Average ther-mometer 73, highest 84, and lowest 65.
^ete Qrleant, Louitiana.—The thermometer has averaged 68during the week. We have had a rainfall of forty-one hun-dredths of an inch.
Shreveport, Louisiana.—Cotton planting is making rapid pro-gre.^s, the weather having been mostly favorable. Corn andfruit look promising. We had a light frost the early part of theweek, but no damage waa done. Average therm imeter 6 1, high-est 85 and lowest 44. We have had a rainfall during the weekof two inches and four hundredths.
VieMiurg, Miisistippi.—The thermometer has ranged from 49to 86 during the week, averaging 67. It has rained on twodays, the rainfall reaching two iochesand forty-ihree hundredths.Columbus, Mississippi.—There has been a rainfall during the
week of eighty two hundredths of an inch.
LUtle Rock, Arkansas.—List week it was cloudy on two days,with light r.iins Friday and Wednesday, the rainfall for the weekreaching forty-four hundredths of an inch. Tlie thermometerhad averaged 53, with an extreme range of 73 and 40.Sunday, Monday, Tuesday and Wednesday of this week have
been cloudy, with slight l-ains on Sunday and Monday. Theremainder of the week has been clear and pleasant, the ther-mometer averaging 03, and ranging from 77 to 43. The rainfallhas been thirty luindredtha of an inch.
Nashville, I'ennessee.—We have had rain on three days, with arainfall of one inch and thirty-four hundredths. The thermometerhad averaged 59, thehigliest being 70 and the lowest 49.
Uemphis, Tennessee.—We have had rain on three days of theweek, the rainfall reaching one inch and eighteen hundredths,but the balance of the week has been pleasant. Plantation workw proceeding vl:;oroualy, and corn planting is nearly completed.Average thermometer, 61 ; highest 83, and lowest 47. We hada frost on Wednesday morning, but not a killing frost.
Mobile, Alabama.—It his rained constantly one day and hasbeen cloudy three days the earlier part of the week, but the lat-ter portion has been clear and pleasant. Planting is about com-pleted in this neighborhood and the crop is developing primis-ingly. Average thermometer, 67 ; highest 80, and lowest 50.We have had a rainfall of seventy-six hundredths of an inch.Montgomery, Alabama.—We have had delightful showers on
two days this week, and the inlications are that they extendedover a wide surface. The rainfall aggregated sixty-eight hun-dredths ot an inch. The weather the rest of the week has beenwarm and dry, the thermometer averaging 67, and ranging from45 to 85. Planting is progressins; finely and is neatly finished.
Belma, Alabama.—\Ve have had rain on one day of the weekjust closed. Planting is making rapid progress, and the weatherhas been very favorable.
Madison, Vtoriia.—It has rained on one day this week, therainfall reaching three inches and twelve hundredths. The ther-mometer has averaged 68, the highest being 70 and the lowest 60.Maeon, Georgia.—Rain has fallen on one day this week. The
thermometer has averaged 70, the highest being 79 and the low-est 4:3. Planting is making good progress.
Atlanta, Giorgia.—Telegram cot received.Columbus, Georgia.—It has rained one day this week, severely,
the rainfall reaching seventy hundredths of an inch. The ther-mometer has averaged 86. Planting is making good progress.Savannah, Georgia.—We have had rain on two days, the rain-
fall reaching three inches and fifty-two hundiedths, but thebalance of the week has been pleasant. The thermometer Lasranged from 47 to 80, averaging 08.
Augusta, Georgia.—We have had two days of heavy rain thefirst part of the week, the rainf.ill reaching two hundredths ofan inch, but the latter portion has been clear and pleasant. [Therainfall here given is undoubtedly erroneous
—
Ed] Theweather has been favorable and planting has made good pro-gress. The thermometer has ranged from 40 to 88, averaging 67.
Charleston, South Carolina.—It has rained heavily on threedays of the w. ek,the rainfall reaching five inches and eighty-sixhundredths. The thermometer has ranged from 40 to 78, aver-aging 65.
TlTe following stitement we have also received by telegraph,showing the height of the rivers at the points named at 3 o'clockApril 11. We give last yeai's figure8(April 13, 1877,) for com-parison:
.-April :i. '78.-. .-April 13,
Feet. Inch. K'euuNew Orleans.. Below high-water mark 4 8 5Memphis Above low-water mark IS 10 30Nashville Above low-wator mark II 1 34Shreveport. ...Above low-water mark 15 9 17Vlcksborg....Above low-water mark 81 8 S3
7? ,
IncD.4845
New Orleans reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-watermark of April IS and 16, 1874, which is 6-lOiha of a foot above1871, or 16 feet above low-water mark at that point.
COMP.'^RATIVE P0RTRECEIPT3 AND D.VILT CROP MOTBMENT.
—
A comparison of the port movement bjr weeks is not accurate,
as the weeks in different years do not end on the same day of the
mouth. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may con-
stantly have before hio) the data for seeing the exact relative
movement for the years named. First we give the receipts a^
each port each div^r o| tUev^ ending to-night.
372 THE CHRONICLE.IVol. XXVI.
PORT RECEIPTS PROM SATPBDAY. APRII. 6. '78, TO FRIDAY. APRIL 12. '78.
Days of
week.
NewOr-
leans
Mo-bile.
639
Char-
leston
Sayan-
nah.
Gal-
ves-
ton.
Nor-
foll£.
Wil-
ming-
ton.
All
others
Total.
Saturday 403 340 4T0 911 1,683 S4 1.095 5, IT
Monday 3,730 694 B65 1,109 1,7.S5 1,315 199 2,178 11,515
Tuesday 1,495 1,395 816 454 633 1,976 4i 2,913 9,724
Wednesday.. 5,328 101 442 253 713 1,310 101 1,48J 9,790
Thursday.... 355 202 289 5:3 46« 1,683 49 1,156 4,729
Friday 8,919 689 508 601 689
5,143
997 204 3,309 9,816
Total 14,32i! 3,670 2,980 3,430 9,324 619 1J,133 51,391
The movement each month since September 1 haa been ae
follows :
This statement shows that up to April 1 the receipts at the
ports this year were 167,233 bales more than in 1870 and 144,143
bales more than at the same time in 1875. By adding to the
totals to April 1 the daily receipts since that time, we shall
be able to reach an exact comparison of the movement for tlie
different years.
1877-78. 1376-77. 1875-76. 1874-75. 1873-74 1872-73.
Tot. last of Mar. 3,901,835 3,734,592 3.757,683 3,185,434 3,375,908 3,02M64Receipts Apr. 1 15,764 S. 8,735 4,505 11,214 10,433
Receipts .Spr. 2 9,834 5,311 S. 5,976 6,901 7,398
Receipts Apr. 8 6,643 6,277 15,839 5,160 8,003 8,350
Receipts Apr. 4 5,114 4,836 7,034 S. 7,639 7,931
Receipts Apr. 6 14,158 3,033 9,676 8,578 S. 5,639
Receipts Apr. 6 5,817 4,915 4,483 8,487 12,987 S.
Receipts Apr. 7 S. 3,164 10,114 6,045 8,291 10,996
Receipts Apr. 8 11,515 S. 6,411 4,485 7,694 6.967
Receipts Apr. 9 9,724 5,973 S. 7,523 6,813 10,928
Receipts Apr. 10 9,790 4,106 10,675 5,319 5,842 5,27i
Receipts Apr. 11 4,739 4,484 6,138 S. 6,637 9,5'.)3
Receipts Apr. 12 9,8 le 3,347 6,639 10,104 S. 5.149
Total April 13.. 4,004,735 3,779,388
93-59
3,813,116 3,251,fi66 .3,456,918 3,113,975
Per ct. of total p<)rt receipts 91-70 93-98 90-87 85-28
This statement shows that the receipts since Sept. 1 up to
to-night are now 225,347 bales more than they were to the same
day of the month in 1877, and 161,319 bales more than they
were to the same day of the month in 1876. We add to the last
table the percentages of total port receipts which had been
received April 13 in each of the years named.
Tre Flax Bagging Question.—There seems to be a very
proper efiFort making to drive out of use tlie new style of
flax bagging—the menders call it " horse-manure bagging"
—
which has appeared to some extent on cotton this year. Wehave received a circular, signed by a large number of Massa-
chusetts c.-itton mills, protosting against its use. The bagging is
full of pieces of straw, which easily detach themselves and
become mixed up with the cottoj so thoroughly as not always to
be knocked out in the picker, and are often carried into the
cards ad cause troub'e. This is a very serioua objection. But
besides this, one of our most prominent shippers informs us that
some of their shipments to Liverpool hav- been found on
arrival to be stained black under the bagging, necessitating
heavy bills for picking and mending. We notice that the Massa-
chusetts spinners' circular we have referred to also speaks on
this point, claiming that the cotton is always badly stained
where this bagging, when wet, touches it. Still another objec-
tion to its USB is its less cost as waste. It is worth from 1 to
li cents per pound, while other bagging brings from 2i to 4
cents. This latter point is of more importance to the American
-spinner, because he buys his cotton gross weight and pays—gay
10 cents a pound for the bagging.
It seems to be quite important that early action be taken by all
the exchanges, and especially those of this city and Liverpool,
BO that cotton covered by this bagging shall not be considered a
good delivery on contract. With such a check on its currency,
t would soon pass out ol use.
Egyptian Cotton.—The cotton editor of the Liverpool Po)t
states that an Alexandria correspondent, under date of March 16,
estimates the supply of Egyptian cotton for Great Britiin, from
March 15 to October 31, as follows:
Bales.
Stock in Liverpool and afloat llO.noOShipnienls, March 15 to October 31 .. 35,000
Total 145,000
The average weekly deliveries for home consumption and
export, in the thirty-three weeks between March 15 and October
31, were 4,976 bales last year, and 4,C83 in 1876. If only 4,400
bales were taken this year, the entire supply would be exhausted
by the end of October, 4,400 bales per week being 145,200 bales
for thirty three weeks. If only 3,,500 bales per week are taken,
or 115,500 in all, there would still remain only 39,500 bales in
stock, against 53,C00 last year and 54,960 in 1870.
Bombay Shipments'.- -According to our cable despatch receivedto day, there have been 10,000 bales shipped from Bombiiy to
Great Britain the past week and 29,000 bales to the Continent;while the rece pts at Bombay during this week have been 36,000bales. The movement since the Ist of January is as follows.
These are the figures of W. Nicol & Co., of Bombay, and are
brought down to Thursday, April 11:
,—Shipm'ts this week—, /—Shipments since Jan. 1.—,
Great Ct)n-Britaln. tinent. Total.154.000 215.000 3fi!).0U0
19 1,000 169,000 86-2,000
;93,OJ0 13-i,000 3J5.0a0
Prom the foregoing it would appear that, compared with last
yew, there has been a decrease of lO.OOO bales in ths week's ahip-
ments from Bombay to Europe, and that the total movementsince January 1 shows an increase in shipments of 7,000 balee,
compared witn the corresponding period of 1877.
Gunny B.^^gs, B.^gging, Etc.—Bagging has been in rather
better request since our last, though the inquiry ia still rather
smill and only for jobbing parcels. Tl;ere is no ch nge to note
in prices, iind holders are steady in their ideas, and do not care
about accepting lower than quoted figures, which are 9f@9fc. for
li.;ht weight, and lO.alOJc. for prime quality. Batts have con-
tinued to rule quiet, and we do not hear of any large parcels
moving, the demand being of a jobbing description. Quotationsare as last reported, holders still asking 2|c., currency, for spot
parcels.
The Exports of Cotton from New York this week show adecrease, as compared with last week, the total reaching 8,780
bales, against 10,021 bales last week. Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1877; and in the last column the total
for the same period of the previous year:
Bxportsol Cotton( bales) from Netv Vork ulnceSeDt.1. 18TT
Great Con-Britain, tinent. Total.
1878... 10,000 20.000 39,000
1877.... nxw SROilO 4:>,000
1376.... 54,000 ll.OOO 65,00)
,—Receipts ,
This Sinceweek. Jan. 1.
3«,000 475,00066,000 517,00059,000 473,000
WSXK NniKaTotalto
date.
Sameperiod
Mar.30.
Mar.27.
April3.
7,990
April10,
8,093170
prev*U8year.
Cilverpool 13,667 13,128 259,815
1,987
261,603
4,973115
259,387
Other Bntiah Ports 7,394
Total Co Gt. Britain l-i,667
:oo
13.138 7,99J
366
8,'J68 266,781
7,382
Other French portft
VAtal Prencli.... 100
934 236
366
1,464
2U1
160203:o
5,(88
16,4874,»5!
10,18-2
31,6-26
2',393
7,382
Bremen and HanoverHamburg
9,7482,226
1.686
Total to N. Kuropo.
%>aln,Oporto&aibraltar&c411 others
931 526 1,«65 512 13,560
'266
Total Spain, dec
13,354 10,031
2,398
30.1.714
200
Grand Total 13.-; 01 8.760 -287,923
The following are the receipts of cotton at New York, Boston,
tuladelphiaand Baltimore for the past week, and since Sept. 1, '77:
BXOB'TS raoH
Mew Orleans.TexasSavannahMobile.. ...
Florida3'th CarolinaS'th CarolinaVirginiaNonh'rn PorteTennessee, &cForeign.. .
Total this year
Total last year.
KSW TOBK.
This Sinceweek. Sept. 1
3,5492,851
1,701
"17
790887
4,744814
4,57355
18,893
8,521
147,57it
61,803130,087
5,55293,92360,739161,7041-2,972
117,-!95
3,458
780,117
826,396
This Sinceweek. 8ept.l.
369
1,800
8,363
6,150
10,125
16,85J8,310
26,827895
1,242911
53',f25
83,66292,931
28J,86-2
380,445
PHILAt>KLJ>'lA BALTmOm.
This Sinceweek. Sept.1.
1,236401
1,350
2,995
653
4,66019,978
16
34,816
59,470
49,769
Thisweek.
SinceSept!
1,357 47,605
350 16.
81 18,
6B4
iio
291436325
9,'805
2,512138,902
I,r67ll06,n0
Shipping Nkws.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
05,893 bales. So far as the Southern ports are concerned, these
April 18, 1898.J THE CHRONICLE 373
are the same exports reported by telegraph, and publislied in
Thb CnilONici-K, last Friday. With regard to New York, weInclude the inanifeBta of all veaeela cleared up to Wednesday
nlKbt of tUlx week. Total baler.
Saw YoR«—T" Liverpool, per stoamors Germanic. 1,003 Uopernicna,
1 R'll WyiiliiL.'. I.am .. Erin, aii .. Holhnla, 506... Baltic,
8MI p.r-hiD" B>ll ctiuryl.', 60''....h'alad, l,i66 8,093
To Hull. |iir pt iimcr Olhello, 170 I'D
To Bririu'ti, per ftcimT Uen. Werder, 160 WOTo llnml nri', iirr sliatniT KrUI«. 3Pil 809
To KiiitiTdmii piT meamer P. Caland. 60 60
Naw Oiu.K^N!'- I'l) I.lvor|>Oiil, per HcHmcreOberon, 2,S4a....Delamble,3 'IDii TheK'iilia <.(iSl .Ariel, 1116 . Jamaican. 9,400 ...per
»irp Qiu'i'ii ot India. M61.. per bark Atlnntlc, 1,818 17,916
ToO.irk. p-.r bark Vii'iirijlB. 4.025 4,025
To Havre, per hark? Mary Durkcf, 2,936 Rolne de» Angu, S,.')76
... Honrielte, -i.lM 7,461
To BriinuMi. per 'hip Annie Blnsay, 3,974 8.974
To Bevrl, per ftcauur Sonlh Tynu, 4,«d0....pLT bark Veteran, 1,197 6,057
To (^rcnstadt, per iwrk Peno, 4,108 2,118
To Trifst-. p,r hark Lord CLirendoB, v!n 217
To Vera I'mz pir eieam,!r Oily of Mexico, 1,011 1,011
MoBiLa—To Livcrnool, per ehip William, 3,560... per bark CarmenLoui-a, 1 Mi-> 4,8:5
T* Havre, per bark Orion, 3,18 8,173
CiUBi-BSToN— lo Liverpool, per Bhlp N. Moiher, 1,900 Upland and 110Sea Inland 2,010
To Cork. for<Tder8, per bark KrllDr. 1,870 Upland I,J70
Batannah—Tu Liveipool, per ships Theobald, 3.315 Uo'and Cara-van, 4.719 Uwiand per barks Condor, J,93l Upland and 48 SeaIsland. .. Wild Hanter. 3,2-iB Upland 14,309
To Cron>udt, ler bi'kLynct, J,0S3 Upland -2,033
TaiA»—To Liverpool, per barks Norwi'giaa, 3,550 Flonri M. Halbert,1,715 ... .... 5.S65
To Cork, f..r ordirs, pi-r hark Mizpah, 1,551 1,550
To Il'ivrc per echooiter Hector. I,3'i7 1,397
Baltimiire—To Livcrpt'Ol, per steamers Moravian, 693. ..Andala^ian,1,203... Sardinian, 187 ana 3S8 base S,4I8
To Bremen p r cteamer >HUtmore. I,8i0 1,360Boston—To i.iverpjol, per eteamers Bavarian, 630... Algerian, 1,499
... Java, 1.588 3,7nPbiladblpuia— I'o Liverpool, per steamers Pennsylvania, 45. ...Illi-
nois. 45V (omii'ed previously) Indiana, 627 (omitted previously)
....per ship Quebec 889 1,913
95,863
form,
Tetal.
The particulars of these shipments, arranged in oar asaal
•re as follows
:
Bremen &Ham- Cron- Vera
Cork. Havre, bnrg. Kevel, stadt, Trieste. Cruz.4t>!|
4,025 7,462 S,97» 6,057 2,106 817 1,011
... 2,1731,270
2,0331.5.'.0 1,397
1,860
Total.8,780
42,7!-8
7,0483,280
lfi,3l2
8,2123,773
3,7171,913
Liver-pool.
New York . 8,09SN. Orleans. 1T,91SMobile ... 4,875Charleston. 2, 10
8svannab..l4,'<0')Texas .\i65Baliimorc.. 2,111Boston )i.7nPblUdelp'a 1,913
Total.. .60516 8,845 11,032 5,736 6,037 4,139 211 1,011 95,363
Included in the above totals are, from New York, 170 bales to Hull and 50bales to Itotterdam.
Below we give all news received to date of disasters to Tessels
carrying cotton from United States ports, etc.:
-^^ fLEBTWOOD. March 21.—Five bales of cotton, of the following marks,have been picked up >u the beach between here and Blackpool, viz :
"12S8. 80 K 5'; "PN—AC-26"; "RCN AC 22"; "HN AC 28 JN 861
1065"; "PN AC i."!—27.5". Another bale, without mark or number, hasalso been picked up at sea by a fishing-beat and landed here. All sixbales are lu the p issession of the Receiver of Wreck.
Ekolasd. str. (Br.), Thompson from New York, while doctint; at Liverpool,April 8, collid d with bark Nonantum (Br.), from New Orleans.
Wisconsin, btr. (Br), from New York, arrlvea at Liverpool, March 24, withcraiik-sliifi brok--n.
N. & K. G»RD.N«B, -tiip (of Yarmon'h, N. 8.), from Galveston, Feb. 1, for Liv-erpool, beftire repuried, was abandoned March 11 in lat. 47 52 N., lun.
SO 07 W. J-he commenced leaking Feb. 18, and on March 8 the vessel
wa<* knocked over on her broadside, and the cotton having beoomesatnraitd wiih water, she woaid not tight, and on the 14th was aban-doned with eight feet nf water In her hold. A cotton-laden vessel,
supposed lo be the N. & E. Gardner on fire, and burnt nearly to thewater's edae. was passed March 1.'. in lat. 49 N., Ion. 29 W.
NoBANTUii, bark (Br), McWhorter. from N-w Orleans, while docking at Liv-erpool, .\pril 8, to lided with tteamer England, from New York, andreceived some damage.
Pbtir RoiiLiND, b irk.— the loose cotton, ex Peter Rohland, from Savannahfor Bremen, r. alized, at public auction at Terschelli&g, about £5 10s.
per set) kilos.
C. C. OLSON, brig.— B'irk Viking (Br.) arrived at Ams'erdam, March 28, fromSI. I'homa:-. having on board the cargo of the brig C. 0. Colson, fromMohi c, which put into tit Thomas lu distress and was there con-demnvu.
LITKKPOOL, April 12—3;30 P.M.—Bt Cablr FBOM Livbb-POOL.— Eetimuteel sales of the day were 8,000 bales, of whicb1,000 baled were for export and speculation. Of to-day's sales
6,1S0 bales wure American. The weekly movement is given as
loUowg :
March 22.Sales of the week bales. 46.000Forwarded 11.000Sales American 35,000of which exporters took 3,000of which speculators tuok 2,000
Total stock 7-30,000
of which American 662,000Total Import of the week 86.000
of wh ch .Viourlcau 62,000Actuil export 8,000Amount ad, >at 297.nP0of which American 817,000
The followinic table will show the dally closing prices of cotton for tiie weekSi^t. 8atnr. Men. Tnea. Wed. Thnrs, Fn.
Mid. Upl'ds @5 15-16 ..las 13-16 ..®6 ..@6 ..^6 ..06Hid.Orl'ns ^8 8-18 ..^ 3-16 ..HtH ..®(>ji< .-t^SX ..^V
These n]e» are cm the basis of Upiands, Low Middling danse, unless other-wise statsd.
March 29. April 5. April 12.
43,000 50,000 66,00011.000 10.000 ll.CXKI
84.000 3:i.nco 55,00('
3.000 4,000 4,0€0
2.000 l.OOO 7.0.)0
7.36.000 766,000 741,00055i,000 580,000 551,00061,000 81,000 WO, 000
35,000 71,00(1 ai.oai
6,000 5,000 6,000842,000 SiS.OOO 855,000256,000 243,000 263.000
Apr. d. livery. 5 29-32d.Apr -May lellve y, 5!td.May-Juiic delivery. 5 15 16d.June-July delivery. 5 Hl-:iid.Jnly-Aug. delivery, 6aii l-32d.
Saturdat.Aug.-Sept. delivery, 6 l-16d.May-'une delivery, 5 29-32d.July-Aug. delivery, 6d.Aug.-Sept. delivery, 6 l-38d.
Apr. delivery, B 29-32d.May-June dillvery, B I5-I6d.June-July delivery, 6 31.3"ld.
Tuly-Aug. delivery, 6 1-3M.Ang.-Sept. delivery, fi l-16d.
Sept.-Oct. delivery, 6)id.
Apr. delivery, 5 31 -^Sd.
Anr.-May delivery, 6d.
May-June delivery, 5 81-32®6d.Jn!:e-Jnly delivery, 6 l-32<%l-16d.
Jnly-Ang. delivery. 6 M6®v3Jd.Aug.-Sepl. delivery. 6>i®.V.32d.Mar.-Apr. Khipm't. sail. 8 l-16d.
Apr.-May delivery. 5 31-S2d.June-July dellveiy. 6 l-32d.
HOWDAT.
June-July do'lrery. Od.April delfveiv, 5 15-l»d.Apr.-May delivery. 5 15-16d.May-Jane delivery, 5 3:-32d.Jnly-Ang. delivery, 6 l-16d.
Apr. delivery, B 15-16d.Apr.-May delivery, 5 15-!fid.
May-June delivery, 5 15-16d.,I»ne-July delivery, 6d.July-Aug. delivery, 6 1-32(86(36 1-!
Aug.-Sept. delivery, 8 l-16d.Sept.-Oct. delivery, 6>id.
TtTIBBAT.Sept.-Oct. delivery, HS-16d.May-June delivery, 5 Sl-82d.June-Jnly delivery, 6 1 «d.Auir.-Sept. delivery. hxai-SSd.Apr.-May rbiiiment. run, 6 1-lM.April-May delivery. 6 is-lnd.June-July delivery, 6d-July-Ang. delivery, « I 32d.Sept.-Oct. delivery, 6 5-32d.
Wei>nesdat.Mar. shipment, sail, 6dApr.-May shipment^ sail, 6d.Aug.-Sept. delivery. 6 8- 2d.May-June delivery. 5 31-.i2(S15-16d.June-iTuly delivery, 5 3l-b2d.Aug.-Sept. delivery, 6 l-16d.
TntnisDAT.
I
Aug.-Sept. delivery, 6 l-16d.SepU-Oct. delivery, ti>id.
Apr. delivery. 57gd.
IMay-June delivery, 6 29-32d.
Fbidat.Apr. delivery, S S9.32dMay-June delivery. 5 29-32d.June-July delivery, 6 31-:j2d,
July-Aug. dellveiy, 8d.April-May shipm't, sail, 6d.
Cotton freights the past week have been as loUows ;
.—Havre.—, .—Bremen.—, ,—Hambarg-^Steam. Sail. Steacs. Sail. Steam. Sail.
April delivery, 5 29-3*d.Apr.-May delivery, 5 29 .32d.
Juno-July delivery, 5 31-32d.July-Ang. delivery, 6d.
May-June delivery, 5 1.5-16d.
July-Aug. delivery, 6 l-32d.Aug.-Sept. delivery, 6 l-16d.Sept-Ocr. delivery, 6>tfd.
Oct.-Nov. delivery, 6 3-32d.
. Liverpool.
—
Steam. Sail.
d. d.
Saturday. —&H -(815-64 comp.Monday.. —@V —@I5-64 comp.Tuesday. —(8)i —(8'3-64 comp.Wed'day. —(8>^ —©15-64 comp.Thnr'dy.. —@V —@15-l)4 comp.Friday... —(8Ji 15-64 comp.
c. c. c.
H cp. —(8>i 11-16 comp.H cp. —(a?i 11-16 comp.% cp. —^Ji 11-16 comp.a cp. —@Ji 11-16 comp.a cp. —(aji 11-16 compa cp. —&H U-lo comp.
c. c. e.
« H comp. —'/t % comp. —H H comp. —X !li comp. —Mi Ji comp. —X a comp. —
EOROPBAN CorroN Makksts.—In reterenco to these markets,our correspondent in London, writing under the date of March30, 1878, states:
LiVBBPOOL, Mar. 33.—The following are the current prices ofAmerican cotton compared with those of last year:
^Same date 1877.-I^Ord.* Mid-, ^Fr.& Q.Fr.^ .—Q.&Fine—, Mid. Fair. Good.
8ealslai;d..l5>i 17 18 19 20 24 18 20 23Florida CO.. 13 14 15ii 16% 18 — 16 17 19
Ord. G.O. L.M. Mid. O.M. Mid.F: Mid. O.M. M.F.Upland 4 15-16 5X 5Ji 5 15-16 6 5-16 6Ji 6H 8>i 7Mobile. ...4 15-16 6)i 5>i 5 15-16 6 5-16 H% 6 :J-I6 6 7-16 7Texas.... 5 1-6 6K 5X 6 1-16 6 7-16 7 6 3-l(i 6X 7XOrleans. ...5 1-16 5 7-16 5 13-16 6 3-18 6 U-16 7)i 8 5-16 8 1116 1}i
Since the commencement ol tbe year the transactions onspeculation and for export have been :
.—Actual exp.from ActualLiv., Hull & other exp'tfrom
r-Takenonspec. to this date-, outports to date—. U.K. in1878. 1877. 1876. 1878. 1877. 1877.bales. bales. bales. bales. hales. bales.
American 19,120 67,350 60,160 37,901 n,8fi8 116.450Brazilian 12,670 650 260 tM Ii.230Byyptian. &c. 4,470 20,670 10,510 8,535 l,li73 22,410W. India, ifcc 100 400 2.689 l,T6ii 13,370EC. India, Ac. 1,940 20,140 16,740 19,0i0 31,197 272.960
Toul 25,530 121,130 83.690 68,315 56,136 437,420
BRE ADSTUFFS.Friday. P. M.. April 12, 1878.
There has been a dall and drooping market for & >ur through-
out most of the past week, but latterly there is a steadier feeling
apparent. The fluctuations in tone have been caused by the
varying aspects of European politics. Receipts and production
continue large at all points, but there is no important accumula-
tion of stocks. The leading prices for common shipping extras
have been i5@5 15. Today, the market was dull and weak.
The wheat market was depressed, and prices of Milwaukee
spring decUned to |1 21 for No. 3, $1 26i (or No. 2 and |1 31@$1 32 for No. 1. There were also sales of No. 1 red winter at $1 38
(gfl 37, and No. 1 white at $1 40 ; but yesterday ih^ro was some
recovery, with sales of No. 2 Milwaukee at $1 27(ai^l 28, No. 1
do. at $1 33 and No. 1 red winter at $1 88. Holders have been
pretty firm. The season for sowing the spring crop iu the North-
west has not been favorable. Snow has fallen in the past week,
and winter wheat in t'. e more noithern latitudes suffered from
the recent severe weather. Receipts continue very large at the
West, but stocks are nowhere excessive. To-day, liie market
was dull, and spring grades lost the Improvement ol yesterday.
Indian corn declined materially under excessive supplies. No.
2 mixed sold as low as 52J353C. for new and 57c. loroM ; steamer
mixed at 501@51c. and No. 8 at 47i:348c. There was a good
demand for Southern and Jersey, white as well as yt How, and
prime brought 56c. There has been some recovery in WestArn
mixed, stimulated by a good general demand. Today, the
market was a shade easier, but more active.
Rye declined, but yesterday wag firmer and more active at
374 THE CHRONICLE. fVoL. XXVI.
73(ffi73ic. for No. 3 Western, and 76@78c. for No. 1 State andCanada. Barley was active, some 75,000 bushels No. 1 CanadaBelling for export at 70c. in bond, with a moderate business in
Western feeding at 49e. For home use, malting barley has been
dull, but No. 1 Canada brought 8oc., duty paid, and six-rowed
State 70c.
Oats were active to-day for export, about 100,000 bushels No. 3
Western being taken for France at 34i@3u}c.,in store and afloat
;
but this demand subsided, and prices gave way rapidly. Themarket to-day was steadier. No. 3 graded closing at 33ic. for mixedand 34c. for white.
The following are closing quotations:
ITLODB. I (iSAIN.No. J V bbl. {3 83a 3 85 |
Wheat—No.3 spring.baBh 81 isa 1 21^_- „._»_ .^ ,„__. No.Sspring 1 2<ii 1 -iiiSaperane State & Weeiern 4 253 4 75
3ttra State, &c 5 053 5 20Western Spring Wheatextras 5 00^5-20doXXandXXX 5 40 r, 6 60do winter X and XX.. 6 irtg 5 35do Minnesota patents.. 6 00 tt 8 fiO
Cityshipping extras. 5 OOJ d 10aiy trade and famll;brands 6 253 6 53
Soathern baliers* and fa-milyorands. 5 503 6 75
Southern siiipp'g extras.. 5 I5r(t 5 40Sye flonr, saperflne .3 102 4 10
Oornmeal—Western, *c. 8 25:^ * 65
No. 1 spring ]
Red Winter,,
a, 1 31
1 sTa 1 s"Amber do 1 33 i 1 40White 1 35a t 45
Corn—Wesl'n mixeddo Bteiraer grade.
Southern, yellow, new..RyeOats—MixedWhite
Barley—Canada West...State, 2-rowedState, 4-rowed
Barley Mai t—State . ...
Canadian
41-1 61
51® ; H5:)(t 6i
71 a 783.'® 31
sm M7
7Ha KS
683 6568a 7565.3 H5
1 Oil® 10
83,1 u«Corn meal—Br'wine, &c. 3 05® 3 15 i Peas-Canada.bond&free
The movement in breadstaffs at this market has been as fo.'
lows : —BECXIFTS AT HIW TOBK.- -czposTS raoH Hcw york.-. 1378. , SameFor the Since timeweek. Jan. 1. 1877.
Plonr, bbl.. 74,511 1,141,508 6^9,516
C. meal, ". 4,813 6-2,34J 70.851
Wheat, bos. 8S8.850 lJ,340,7o8 55f,,3lU
Corn, " . 7'.!,-!S9 5,951,733 4,55;,845
Bye, " . 137.413 705,^96 1 S3, 113
Barley. ", 66,8)3 1.64'1.071 8n3.6'iS
OaU...." . 128,614 1,767,462 l,tl5,U85
1878. . .
—
For the Sinceweek, Jan. 1.
42,;56 715,93!",'48 57.2:8
f9!),3l9 11,3^^,760
2tJ8.176 4,ti58.!i3S
l,0M5 8 U 69T26,413 l,U9i.8il
724 fc2,(i07
For theweek.S5,r,61
6.760av ,90
1
464, ;l 48,160
ei-suo
J^lnce
Jan. 1.
331,2-56 ',772
l.STO.l 65,0:5.1.59
808. '.89
lil,is8
44,606
The following tables show the Qraln In sight and ihe move-ment of Breadstuff's to the latest mail dates:
KBCBIFTS AT LAKE AND BIVKB PORTS KOR THB WRKK RNr)l^fi
APRIL 6, 1878, FROM DEC. 31 TO APRIL 6, AND FROMAUG. 1 TO APRIL 0.
Flour,bbl 8.
At-Chlcftgo.,,— -*^Hilwaakee 44i2u9Toledo 1,255Detroit 7,101Cleveland 1,98)St. Loais 33,11)3
Peoria 3,203Duluth
Wheat,bnsh.
(196 lbs,) (60 lbs.)
42,852 3iJ5,53'i
3/9.S8i169,142140,988
8,72!i,860
4.8.-0
15,6;3
Cora,bnsh.
(56 lbs.)
1,321,1417,120
346, 13.i
6,058.3.1.50
291,1 3 i
336,450
Gets,bnsh.
(32 lbs.)
1V6,.")63
11.6'i0
e.ne9,07211262,99885,960
Barley,bush.
(48 Ihs.)
26,(129
21.011l.OOJ
5,U6S
8.9;3
16,400
Ryi.bnch.
(5H IhK;
.10.24-.
l\69i2,1»7131400
S4,32J
ToUl 125,711 1,286.794 5,21%590 3R8,5-9 84,461 96 BPiPrevlouBweek 96,.'i54 l,ln.^,3'Jl 8,4''2,fl0 62i,6''0 S3,U18 13 .,970
Oorre8p'ngweek,'77. 84.918 2S9,:i76 1,121 9Ti S21.76S 80.079 45,7.2•76.. 97,l.'31 6C2,835 883,778 2i0.6 7 117,100 li,.350
Tot Dcc.31 to Apr.S.. 1,551, 110 14,823 501 17,579 935 5,I10,-22I 2,070.6.51 9 4,455Bametimel877 l,n79.9Vi .i,205,i01 15.616 1;41 3,10S.)6S l,5-jn,9.3 649K118ametimel876 1,315,197 9,2)7,ms 15.201, «.I0 4.2S3 2 S 2,071,s41 417268ame time 1,S75 1009,332 9,918,B.35 11,039,152 4,036,107 i,228,i)27 339,':3
Tot.Aa2. 1 to:Apr. 6. .4.32.3,511 57.80(.f83 .52,661.5)1 17, --21 773 8,5l:).510 2,90' 2:2Bametime 1877. .. .3,731,871 33,597,98- 5'.:b6.5l5 U,l.'i4.-)5S 7,.'i36,639 !i. 1117,011.-.
Same time 1876 S,621,40i) 19,1411,311 3 ,'03.5. 2 18.'<35.785 6.1.5.1.139 1.511 1'5Same time 1875 3,679,110 45,390,280 30,317,851 15.«6i,16l 5,155 630 l,0.i6.033
SHIFHSNTS OF FLOUR AND GRAIN FROM WESTERN LAKE ANDBITBR PORTS FROM DEC. 31 TO APRIL 6.
Flour, Whpat, Cornbbls. bush. bush,
Tot,Dec, 31 to Apr 6. 66,156 7.516,12112,102 813Same time 1377 979,891 2.:40.3-.6 s,5l«,rt0!
Sametime 187« l,42i,i;i 4,711,615 10,666,551Bametime 1875 1,15),297 4,146 184 5,2il,«6J
Oats, Barley,bnsh, hush.
3.177,01.7 1,186,19130i5,S17 !)il.4,^9
2,.520,!l4i S63.3S32,111,287 657,8,31
Rvc.bufh
59 1,5 2JH 1,769
197,! 10
!9S,57I
FROM WESTERN LAKEBAIL SniP-MENTS OF FLOUR ANU GRAI.VAND RIVER PORTS.Flnnr, Wheat. Onrn. Oats. Bar'oy. Rye,bbls. hush. buj-h. busii. bu h. bu-h
Week endin? April 6, 1S78. .131,110 90-, 171 1,3 4,16> 3i;05(i 48,1H ki.,647
Week endi. g April 7, 1877., 36,.!0J 2Jl,i3> 1,'".7.8 4 17.'<,:75 8i,057 3MiilWeek ending Ai.ril 8, 18!8..1;B.41U 611,918 7:5 11)5 llii.lS< h7.Jlll) ti,:i 3Weekending April 10, 1875.. 93,654 501,83) 39o,!jJ 151,3J7 S9,.313 li,651
BBCBIPT8 OF PLOOR AND GRAIN AT 88\B()AKD HORT>( •.•< ' i b
WEEK ENDED APR, 6, 1878, AND FROM DEC. 31 TO APR. 6.
Wnea% Corn, Oats, Baney,bnfh, bnsh, bush. bnsh.9399>rt 6'i^.776 )3;8^6 2f,70061,600 267,250 6.5,1 00 6,31)0
58,195 6,'tO 2,250400 .... 9.50 601
68,8110 SI5,.300 63.7110 37,000lOl'.lOO 641,100 32,000 . .
2,0-7 213.0.17 ai.616
Flour,At— bbls.
New Tork 71,562Boston 21,801
Portland 4,500Kmtreal 11,15.)
Philadelphia 19.080
Baltimore 18,965
NewOrleaus 18.015
Rye,6n^'l .
111,023
13,300a.otio
Total 165401 1 3;7.)32 2.7il.l6.!
Previous weuK 139,'in 1,201,313 3,1 1, li
Oor. week'71 115,575 67,500 l,ltl8.:4;
nee. 31 to April 8, .1,241.818 17,574,26121,107.812Bametime ',877 1.721,32) 1,191 :;.« 18.7Ij5,711
8«mR time 1876 2.:>!1.4i7 5.211,1 6 18./9;.2.)8
Sametime 1875 2,1,7,910 5,o38,30(i U.69;,0ll
321.102 71.611'. 3,4 i6 <5 8il0
139.160 3'1,030
8,715.925 l,8n0 4 6,3.H9,H5 843.8 Hi
4.00 .613 l,51n,6224,1)71,531 791,325
160.32113,,5 '7
20,868
9i9,7;4
2'5. 174
74,"'9I
32,520
The Visible Sjpplt OF (iRAiN, comprising t'le stocks in
lake andwas as
granary at the principal paints of aocumiilation at la
gnahourd porti, and in transit by rail, April 6, 1878,iollowB
:
add Wheat,bash.
In store at New York 1,561,133In store at AlbanyIn store at Buffalo 315,971tn store at Chicago 702,61)4In store at Milwaukee 608,151Cn store at Daiuth 1 in,5!i5
Instoreat Toledo 417,994In store at Detroit 151,9)5In store at Oswego* 325,u00tu store at St, Louis Iu5,964[u store at Boston 25,063In store at Toronto 50i,5s0In store at .Vtontreal, April 1,. 396,016In store at Philadelphia* S9.6ii0In siore at Peoria 5,891In store at Indianapolis 17,831In store at Kansas City . , .. 48,919Instoreat Uultlmore .36!,670Rail shipments, week 1,302,464Eat. afloat in New York 125,000
TotalMar. .30, 1878-Mar. 2.3. 1878Mar. 16, 1878Miir. 9.1878Mar. 3,1879Feb. 2.3, 1818April 7, 1877
Corn,bush.665,84039.8!;0
9).9311,253,015
3,802
867,'385
3,653130,000475,581265,031
121,851811,000180.633
99,19361,346
1,.367.C69
2,031,197
100,000
Oats,bush,842,76192,90063,400
211,20340,131
126,21431.33513,(100
87,167
161,91313,092
12,096
5,934636
.323,618
200,000
Barley,bush.
382,592173,50078,453
536,504403,609
2,008255,0002.5,595
2,873143,0O>45,377
I'.JOO
2,809
7.211,552 e,451,.3SO 2,253,673. 7.752,209 7.081,318 2,5il,(25. 7,563,449 J,728,16a 2.5.;9,35:l
. 8,051,079 6,6-.0.5-i3 2,676,6-24
. 8.211,013 6,433.182 2,655.311
. 8.613.262 6,311,819 2.815.7228,0115,422 5,527,811 2,913,793 .,,,.„...,
, 8,611,1136 10,041,U69 2.670,30« 2,223,965
48,407150,060
2,258,413
2,366,5512,581,1332,892,3923,342,9832,173,5781,415,211
bush.85,91082,40311,549
II'S.IIS
102,020
3,073
7!5o615,267
2,93»
ii.'csi
440463
80',n7
513.302595,8796)1.133
621,633681,864629,0986n8,5U798,626.
* Estimated.
THE DRY aOODS TRADE.Fridat, p. M., April 13, 1678.
The package trade has b;en only moderate the past week, yetthere was a steady hand-to-mouth demand for seasonable goodsby Western and Southwestern jobbers, and con.siderable sales of
the most staple fabrics were made to California buyers for .trans-
portation by sailing vessel. Business was Irregular with jobbers,
owing to the unfavorable condition of the weather ; but a fair
aggregate distribution was effected by most of the leading houses.
The print-cloth market was unsettled by the reported defalcation
of the treasurer of one of the Fall Rivar Mills, and prices receded
a trifle, but otherwise cotton goods were fairly steady in first
hajds. There was some pressure to sell spring woolens, and fairly
large lots of light-weight cassimeres and cotton-warp worsted
coatings were disposed of at low figures by agents and jobbers.
Foreign goods were offered in large quantities at auction, and agale of 3,000 pieces Paris Oold Medal dress fabrics and 3,009
pieces Lyons and Zurich silks, of the importation of Messrs.
Papsavant & Co., proved a great success, nearly all the goods
offering having been closed out at acceptable prices.
Domestic Cotton Goods.—The exports of domestics fromthis port for the week ended April 9 were only 73G package*,
which were shipped as follows: Great Britain 312 packages,.
Chili 177, Argentine Republic 74, British West Indies 33, Brazil
20, &c. Brown Sheetings were in moderate request by jobbers
and converters, but drills ruled quiet. Bleached shirtings con-
tinued uustttled, and outside makes were offered at very low
prices with moderate results. Corset jeans met with fair sales at
unchanged prices, and there was a steadj inquiry for small lots
of demms, ducks and tickings. Cheviots and Cotton»des were in
irregular demand, and, while a few of the best makes were steadilyheld, other goods of this class ruled weak with a decliningtendency. Corded piques and white goods were fairly active,
but some makes of the former were reduced to very low prices.
Print cloths were a fraction lower on the basis of SJc., cash to
3 SlOe. ,30 (iavs, for extra 6 1x643, and 3c ,less I per cent, cash, to 3c.
,
30 days, for SCxliOs. Pr.nis were in irregular request at first
bands, and transactions were only moderate in the ag|j;regate ; butlow priCHs enabled jobbers to dispose of large quantities of thesego. ids. Ginghams continued active and the best makes of staplesand dre,«8 styles are in light supply.
Domestic Woolen Goods.—There has been no materialimpiovement in li.e condition of the market or meu's-wearwoolens, but tliere were more buyers in the market, some of whomLave been making memoranda as a basis for early operations.
Spring cas,»iinerea ruled quiet in first hands, though a lew large
sales were effected on private terms. For worsted coatinys therewas a moderate demand for light, &o., assortments. Cloths anddoeskins were liuhtly dealt in. and Cheviot suitings were less
aclive. Low f^rade all-w. ol aiifl union heavy cassimeres weretaken in m derate parcels by the early clothing trade, which class
of buyers have also commercial operations to a limited extrnt in
fancy overcoatings for the fall trade. Kentucky jeans found afew buyers, and printed satinets were tskea in moderate parcels
;
but such fabrics were by no means active. Worsted dress goodswere in fair request for light selections, but shawls continuedquiet.
Foreign Dry Goods.—There was a somewhat improvedundertone in tlin market for imported dry goods, though buyerscontinued cautious. Silks were more active and large quantities
were distributed through the auction rooms at fair prices. Cash-meres, grenadines and lancy dress fabrics were in steady request
for moderate lots. Woolen goods for men's wear ruled quiet, andprices are generally unsatisfactory to importers. L nen goodsremained quiet in first hand's, but jobbers effected lair sales of
housekeeping linens and handkerchiefs. Wliite goods, laces andembroideries were moderately aclive with jobbers, and there is asteady though light movement in hosiery and gloves.
April 13, 1878. J THE CHRONICLE 376
loaporuitlou* ol Drr Uood*.
The tmportatlona ot dry goods at this port (or the week eDdlng
April 11, 1878, knd for the oorreipondinfr weekt of 1877 aDd
18T0, have been as follows
:
UTiBBO roa aoiHOMmoH roa ths wbbk bhduis ArniL 11, 1878.
UaDofactBroa of wool— 494do cotton . . 8!'4
do allk 46U
do flax aii
MlacelUocons dry goodt. 6,513
. 187H ,
PkKi. Valne.|M7,7aO>a;,io6816.808174.0>i4
171,821
. 1977Pksa. Vaino
»Mri,4t3
3!)1,6I1
U»,27T11J,83J
^ . 1818
3»«bOO6737S17
4«c
9,'J09 11,105,039 :,931 {1,031,591 3,674 $1,062,054ToUlWrraoBAwii rsoK waaaaooaB xhd thhown into tbb kahkbt dubins thb
BAMB PBRIOD.
Xanafactarea of wool 461do cotton.. 417do silk 117do flax 4'!8
Mi9C«UanooaB dry goods. 1,063
tl99.3SS111,287111,883111.88131,63i
4319^4121
40J1,416
ToUI 2..'ai
Addent'dforconsnmpt'n 9,2J9J5S5.9(6 9,682
1,105,939 «,9.)1
fi:S,0S98l.b'J3
1J5.8U373,351
46,12S
115 2.631
1,084,694
8061931233'S
3,880
$117,8675:J,i37
I11.3il9
81,7:18
33,073
4,887 $402,3143,574 l,0d2,051
Totalthrownnponm'k't. 11.735 $1,671,3S5 5.553 $1,587,885 8,411 $:,4b<,3a3
BRTBBBD rOB WABBaOtTBUfe DOBINS SAMB PBBIOD.
Manntactnreaof wooldo cotton ,
.
do allk
do (lax
Hlacellaneooedry goods.
ToUl S,ni $5S3,fiM
Add ant'd for consninpt-n 9,809 1,1U,939
$! 49,62870,704m.Mi81.54517,229
$388,0651,084,691
348 $125,971S50 67,181IM 69.321374 S6.76S
1.575 62,940
8,660
3,574$412,1811,062,064
Totalsntered at the port.11,330 $1,659,593 4.101 $l,46tl,669 6,284 $1,474,235
ImportB ot LeadInK Article*.
The following table, compiled trom Custom House returns,
shows the foreign imports of leading articles at this port since
January 1, 1878 and for the same period in 1877:
[The (jttantlty Is glvoa la pac*cai;e9 when not otherwise speclSed.l
Since Same Since SameJan. 1,'78 tim«l!fi7 Jan.1,'78 time 1877
Ohina. QlasB and MetalB, *c.—Bartheoware- Catlery 1,319 1 026
China 2,876 3,159 Hardware 175 822Bartbenware. . 10,06: 8,7V9 Lead, pigs
Spelter, Tbs3,319 16,006
Glass 62,213 81,273 610.6.9 282,47i>
Olassware 6,784 5,:04 Steel 14,801 10,034Glass plate l,7lt 8,361 Tin, boxes 258,5 5 8-20,701
Baltons 2,87 B
15,808
5,041
7,021
Tin slabs, lbs...Paper Stoc It
4,839.92!l
37,4745,719,448
Ooal, tons 45,636Oocoa bags 5,580 8,346 Sugar, hhds, tcs. &
tibls.Coffee, bagsOation, bales. ....
881.«01,130
667.'140
1,01382,915
6tl,0l810I,6-!1
Sngar, bzs AbagB. 1,084, HODrngs, Ac-Bark, Peravian.. 7,W-0 1,979
Tea 329, V4
2
16,i8:(
292. 4t) I
Tobacco 18,981
Blea. powders...Cochineal
7,932647
6,',07
653Waste 102 49Wines, Ac—
Cream Tarur... Champagne,bkts. 17,e98 18,407QambUr 3,009 16,402 Wines 30.264 S5.663Gam, Arabic 77) 1,22; Wool, bales 8,70fc 18,4.3IndigoMadder & Ext.or
2,788 !(,('4U Artielet reported by759 i,4i: valM— $ *
011.01S»e 10..38J 6,681 Cigars 418. 691 321,960849
8.050
19-.
4,610CurksPancygooda
13.S61
191,97321,243
Soda, bicarb.... 134.t62Soda, sal 15,501 16,781 Fish 183,306 Vii.iilSodaash 18.138 14,196 F.-oits, Ac-
Flax 1,565 1,1* Lemons 213.441 73,8087ar8 1,545
3801,131
2, .68Oranges.Nuts
700,877812,1 19
677, 1 76Oanny cloth 210,031Hair 1.486 7.)3 Ralelns 809,832 38'?,H60
Hemp, bales 60,68<i 66,9611 Hides, andressed.. 3,88^36i 5,874,152
4491,313
421
1.774
Kice 53.668
57,.'!92
63,9J3Brifltles 3plce8, Ac—
CassiaHides, dressed.. 30,046
India rubber 14,8*6 £0,05^ Ginger 16,670 27,213iTory 506 262 Pepper 66,585 76.0MJewelry, Ac-Jewelry 736 84<t
63.766 164,4<j6
AToods—Watches 162 104 Cork 131,910 133.606
Linseed 32,971 81,769 Postic 8.337 10,016
Xolasses 6,734 15,980 LogwoodMahogany
861,6.58 15i,iiin
21,876 9,5 Hi
Kecelpta or Domeatle Produce.The receipts of domestic produce since January 1, 1878, and
for the same period of 1877, hare been as follows:
Ashes •Pkgs.BreadstoffB-Ploor ..bbls.Wheat... .bash.Com "
Oats ... . ,*'
BarleyAmall"Graiio seed ...bags
bWe.Beans....Peas .bofh.Com meal ..bbls.
Cotton .bales.Hemp, ..
•*
IPi4t* ...No.Bide* .bales.Hope bales.Leather.... .sides.
Uolanes...liolasiiee...
.hhd-...bbls.
Naval Stores-Crude turp.,bbls.Spirits turp '*
Boain "Tar "
SinceJaa 1,'78
1,316
1,143,80212,310,758
5,9^1,725
1,767,463
7no,f«i1,619,071
1W.J1J734,4.34
S28,0ti.
52,343849,031
1.49)66.GCO4r,'22i)
33.0J4
1,168,935
94.86:
675ll,il(
t5,!l5i
2,399
699,5166ob,:i6
4,554,815l,6l5.98f.
13.1,:iM
8(H,i:0.S
68.599.32,620
103,75570,K54
868.35-2
1,83961,6164',r;31
21,6.55
1,069.2192,-..(i
63,750
B9018,7 1^
7],t418,9-.^
Pitch bblsOil cake pkgs.Oil, lard bbls.t'eaiiiits ba£8.Pfoviaiona
—
Butter pkgs.Cbeuse "Cntmeata .. *'
KgK" "Pork "BeefLari,.Lard..
Rice....Starch,.Stearine.Sa<;ar . .
.
Sugar...TallowTobacco. .
.
Tobacco...Whiskey ..
Wool bales.Dressed hogs.. No.
....kegs....pk^a.
.'.'.'.'.bbls
....hhds.
..pkfs.
.'ihhds.bbls.
SinceJan. 1,'73
684135,111
3,7.0S3,i7<!
231,731184.478467,77
1
11:. -SO110.113
8.3,3'.«
349.ll0:<
9,731
8.703105,9 7
8,28.i
3609,289
27.391SH.4 I
so.Oin58.86~lI,S7t
19,76!)
Sametime 1377
7)571,1133,H3l
36,449
268,3.32
6.3,928
321,919157,01761,11515,604
187.3:71-4,8-2
l-2,r,4
97,7126,836
8711.2212.1.952
6-4,JI9
8,67161.6.32
9.928
66.140
KzportB •>r Leadlns Artlclea from New York.The following table, compiled Irom Custom House retoms,
shows the exports of leading articles from the portof New Yorkto all the principal foreign countries since Jan. 1, 1878, thetotals forthelast week, and also the totals since Jan. 1,1878and 1877. The last two lines show total vatuet, including the•lue of all other articles besides those mentioned in the tahle.
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376 THE CHRONICLE [Vol XXVI
Coinnicrcial Cards.
Russell & Co.,C Oin MISSION aiERCIIANXS
AND SHIP AGENTS,Hons Kong, Canton, Amoy, Foocliow,
Sliangliai and Haukovr, Oilua.Boston Agency, i Representee] hy
J. MURKAT K^RBES, ' " ""^
M CiHTEAL Street.S. W. PO.MEROT JB.,
105 Watik St., N. Y
Hong Kong & Shanghai
Banking Corporation,Head Office, Hong Kong.
Represented by
8. W.POMEROY Jb.. 105 Water St., N. T.
Charles E. Parker,COMMISSION MERCHANT,
14 Exchange Place, BOSTON.Post Olflce Box 2,631.
Olyphant & Co.,COMMISSION MERCHANTS,
Kong Kone, Sliangliai, Foocbow andCanton, China.REPRESENTED BY
OIi¥FHANT ic CO., of China,
104 trail St., New York.
John Dwight & Co.,MANUFACTURERS OP
SUPER-CARBOIVATE
SODA.No. 11 Old MIp, New York.
The Jobbing Tiade ONLT Supplied.
E.R.Mudge,Sawyer&CoAGKSTS FOR
Wttxiitnsrtoit '>iii», t'tiiopee Itlfg <^<>,.
Kii rli itu'f on Woolen i'o.,Kilertoii ?Vi"tv .I'lDn,
Atlaiiiic Co Ion mils.$«arato<>n Vlotor> ITll^ <'u,,
A.\nHo»iery. wliirtx and iirawerit
From Various Mills.KKW roi'.u. B08T0K,& 15 White Wihkjjj. lii CBAtTNU.iv St.
I'MLADKLPlllA.J. W. DAYTllN. SO C.HiIKTsrTSTBKET.
George A. Clark & Bro.,
MIIi'lVAKM'S UIDt.lX NKI<:DLE!«.400 BROADWAY, NEW YORK.
Brinckerhoff, Turner
& Co.,Masufactcrers and Dealers In
COTTONSAILDUCKAnd all Icindi of
COTTON CANVAS, FELTING DOCK, CAR COTEKIMG, BAGGING, RAVENS DUCK, SAIL TWINB8
*C. " ONTARIO ' SEAMLESS BAGS,' AWNJSG STRIPES. '
Also, AKenta
United States Biintlnt; Company.•A foil supply all Widths and Colors alwayt in stock.
No. 109 Dnane Street.
JOSEPH GILLOTT'SSTEEL PENS.
Sold ly all dealers tltroughoul the World.
ds
Banker§ and ^Brokers.
Jesup, Paton & Co.
,
BANKERS,52 WilliaiUL Street, New ITork.
Accounts and Agency of Banks, Corporation?,
firms and Individuals received upon ravorable terms.
Dividends and Interest collected and remitted.
Act as agents for corporations In paying couponsand divideuds, also as transfer agents.
Coud^, btocka and sccurlllcs bought and sold oncommission.
Sound railroad and municipal bonds negotiated.
Funds carefully invested In Western farm mort-gages, and the Interest collected.
R.T.Wilson & Co.,BANKERS AND COMMISSION MERCHANTS,
2 Exchange Court, Nenr Ifork.
JTIiscellaneous.
J.S. Kennedy & Co.,
BJNKERS AND mEItCHANTS,41 CEDAR. COR, WILLIAM ST.,
New^ Vork.Buy and sell Railroad Investment Securities. Col-
ect Coupons aud Dividends. Negotiate Loans anddraw Bills of Exchange on London.Agents for the sale of STEEL KAILS made by the
Cambria Iron Company,JOUXSrOWN, PEAN.,
AND TUB
Edg'ar Tliompson Steel Co. (Limited),
PITISBUKOH, PENN.All business relating to the Construction and Equip-
ment of Kallroads uudertaken.
McKim Brothers & Co.,BANKERS.
47 Wall Street, New Vork.
N. T. Beers, Jr.,
Brooklyn Stocks,CAS STOCKS,
1 X WALL STREET.
:Jl3.
C^ Co.B A IV li E R S
,
COR. OF WALL STREET AND BROADW. Y,
NewT York.
Tiansact a General Banking Business, including the
purchase and sale of STOCKS, BONDS and GOLDfor cash or on a margin.
Inirestnient Securities For Sale.
p. O. BOS 2,W-,
A. M. Kidder. C. W.McLellax. Jr. W. Tka-e
J.Alden Gaylord,
33 Wall St., Neiv Vork,DEALER IN
ST. liOUIS CITY &. COUNTY BONDS,AND ALL 0LAH8ES OF
INVESTMENT & MISCELLANEOUS SECURITIESRefers by permission to W. S. Nichols & Co., Bankers
THE IMAOE OF HER MOTHER.A NOVEL
BY R UTH RUSTIC.IN THE
Savannah Weekly Newsof Bpturday, 'Ith April, will be commenced a newsei lal atory with the above title, writiin by a l.idy ofSavannah,The W.^EIiLY NEWS is the
I<AReEST AND BEST AVEEKLY INTHE SOUTH.
It is a cmplete newspaper, and contains the latestTelegraphic and Sta e News, ^'ar ets,etc,an -^grl-cultura! and MllJtnrj Decarlment. It l« adapted forgencal circulation iliriughout the Sopth.fubscilptlon ; one year, ii 00; tlx months, $1 00.
Specimen copies sent free. Aiiuress
jr. H. £STILI<,
Savannah, Georgia.
R ope.STEEL Al^i) CHAKCOAL
ITiON of superior quality
suitable for MINING ANDHOISTING PUUPOSEft. in-
cllued Planes, Transmissionof Power, &c. Also Gw-van'./ed Charcoal and BBlorShips' KlgginR, SuspensionI'riuges, Derrick Guya.Ferry
' Hopes, &c. A hirge stocKconstantly on hand fromwhich anv desired lengthare cut. FLAT STEEL ANDIltON HOPES for Miningpurposes manufactured toorder.
JOHN W. MxVSON & CO.,43 Broadway, Newr Vork.
r?RIE RAILAVAV.—FORKCLOSITRET'SALE.—bunreme Court of ihe Stale of New York.—THK KAIIMEUS' LO.\N & T'lUST COMPANY,plaintiff, against THE EUIE RAILWAY COMP.^NYaNu OTHKUS, defeudaiits.—By virtue of and pur-suant, to a judgment and decree of foreclosure andsale, rendered and entered at a Speclni Term of thesaid Supreme Court In the above-entitled action, onthe seventh day of November, A. ii, 187'*, 1, GeorgeTlckuur Curtis, IJeferee, api-olnted ttiercln to ^eIl all
and singular the mortt-aged premises, franclilsesand property, both real, personal and mixed, mention-ed in the complaint In this acdon and mentioned lathe said judg'iient and decree, beln^ the same mort-ga^e-i, or intended so to be, to the plaintiff, theFarmers' Loan & Tru t Company, by a mortgage bear-ing date on the lo rth day of P'ebruary, a. 1). 1874, dohereby give notice that on the tweniy-fifih day ofMarcli, In the y<'ar 1»78, at 12 o'clock noon, at theMerchants' Kxchinge Salesroom, No. lU liroadway.In the Clry of New Yoru, by Bernard Smytli, Auc-tioneer, I shall proceed tu seil aud shall sell aC publicaucfion, to the highest bhlder, for cash tlie following"escribed property: \11 aud singular the raiiwaysofthe said company, from au" including Pi(M'mont on theHudson 1 iver to and Including the final terminus ofthe said railway on Lake Erie, and therailwav knowaas theNewburi^ Branch, from Newburg to the mainUnr ; and also all that part of the railway designatedas the Buff-tlo I^.nmch of the Erie l.'aihviy. extendingIrom HornellsvtUe to Attica, In the btate of NewY'ork : and also -all otber railways heloni:mg to thecompany In the States of New York, Ptnusylvanla andNew.Jersey.or any oltht m.togetlierwith jill the lands,tracks, lines, rall^, bridges, ways, biill'.Ings, piers,wharves, strucures, erections, lences, wall, , fixtures,franchises, pilvllefrea and rights of the ^ald cora-pauy ; anri also alt the locomotivea. englucM. tcuUers,cars, currlHges, tools, macnlneiy, nianufueturcd orunmanufactured malerials, coal, wood and .supplies
of every kind belonging or uppeitaini g to the (-aid
company; and all loiln, income, i-sues and profitsi.rlsing out of ^aid property, aud all rights lo receiveor recover tbe same; also all the tstaie, right, title
and Interes', terms and remainder of teims, frau-chlpcs, privileges and rights of action of wliatsoevernume or nature. In law or In equity, conveyed or as-signed unto the New Y'ork & Erie ailroad Company,or unto the Krle ticLway Company, by the Union1.ailroad Company, by ti>e Bufialo New York & ErieKaliroad Company, by the Buffalo Bradford A Pitta-burg liailroad Company, by the i ochester &, Geue^eeValley Kallrond Company an 1 by the 1 ong DockCompany ; also all and singular tlie chosen in action^stocks, bonds, book accounts, billH receivableand other evidences of indebtedness, leasetiold es-
tates, contrattfl and other property In the saidjudgment mentioned.Given under my hiin' at the City of New York, this
twenty-first nay of .lanuary, A. I). 1878.
GE'^OKGE TlCKNOU CUUTI:^', Ueferee.TUKNKR, LKK & McClUKK,
* Plaintiff's Attorneys,2d Nassau street. New Yirk.
The sale of the above-described properly hereto-fore advertised to ;ake place on ttie twenty-ftr;t dayof .lanuary, 187^, ar. 12 o'clock noon, at the V.ercbants'Exchange balesruom, No. Ill Broa .way, Ju the City ofNew T(. rk. was th-n aid th ro adjourned to thetwentv-fifth d\y of March, 13;s. at the same hour andplace. GEUiiGE TICKNOK CUiiTiS,
Keferee.The sale of the above-described property la hereby
adjoun.ed lo the twenty-fourth day of Apill, 1S78, atthe same hour and place.
GEOlUiE TK.KNOli CUUTI3.TuBNER, Lkk & McClukk, Ileferec.
Plaintiff's Altorneys.
Iiisuraiice.
E . S . Bailey,
Dealings In
Insurance StocksA SPECIA1.T1.
Cash paid at once for the above Securities; or tnefwill be sold on commission, at seller's option.
ISsi, F.S.WINSTON, PRESIDENT .of"ES ErtRY APPKOVEDDESCRIPTlON "
lifeXnB endowment policiesOMTEnMS AS FA VORABLEAS THOSEOFANYOTHERCO,
lASHASSETS OVER $80,000,000.
Aphii 13. 1878.] THE CHRONICLRInsaranoe.
OFFICB OF THK
AT L ANTIC
Mutual Insurance Co.
Nbw Tobk, Janttary S3, 1878.
Tho TniBtecs, In conformity to the Charter of the
Company, rubiait tbn followinK Statement of its
affalra on the 3Ut Dccomhor, 1877 :
Premiums received ou Marine Ri£l£0
from l8t January, 1877, to 3]et De-
cember, 1877 84,710,663 83
Premiums on Policlea not marked off
]
tat January, IS77 2,040,362 61
' Total amonnt of Marino Premlnms. $6,751,028 4-t
No Pollcloa have been inned npon Life
Ritk9, nor npon Fire disconnected
with Marine Riska.
Prcmlnmi marked oil from let Janu-
ary, 1877, to SIst December, 1817.... $4,902,331 08
Loseee paid daiing the
game period $2,565,890 27
Eetdms of Premiums and
Expenses... t947,'J2a 86
The Company has the following Assets, viz.:
United States and State of New YorkStock, City, Bank and other stocks. $10,565,958 00
Loans, secured by Stacks and olber-
I wise 1,163,20000
Real Estate and claims due tho Com-pany, estimated at 617,436 01
Premiom Notes and Bills Receivable. 1,764,393 63
CashioBank «55,361 02
< Total amonnt of Assets $14,366,35166
Six per cent. Interest on the outstanding
certiflca.cs of profits will bo paid to the holders
thereof, or their legal representatives, on and after
Tuesday, the Sth of February next.
Tho ontstanding certificates of the issue of 1874
wi'.l be redeemed and paid to the holders thereof,
or their legal representatives, on and after Tues-
day, the Sth of February next, from which date all
interest thereon will cease. The certiQcates to be
produced at the time of payment and canceled
Upon certificates which were issued for gold pre-
miums, the p.iyment of interest and redemptionV U be in gold.
X Dividend or Forty per Cent, la de.
clarod on tiw net earned premiums of the Companyfor tho year ending Slst December, 1817, foi whichcirtiflcates will be Issued on and aftar Tuesday, the
7th of May next.
By order of tho Board,
J. H. CHAPinAN, Secretary.
TRVSTEESs
Insurance.
North British and Mer-cantile Ins. Co.,
OFLOKDO^i AKD EDINBURGH.
Incortobated in 1809.UNITED STATES BBANCU:
64 William St., Cor. I'ine, New Yort.ESTABLISIIKD Decembeb, 1866.
Cailc) In aud paid np Capital.... $1,.363,686 36Reserve for all otherliabilities, in-
cludluK re-Insurance 8,517,988 04
Net Fire SurpI U8 and Keserve. . .
.
4,618,630 70
Invested and Cash Fire A8Kets.$8,500,185 10Subscribed Ciipilal, fur which theStockholders are pereoually lia-
ble, not yet cilled in $9,545,054 64Ret»ervo for total Liabllliles, in-
cludlnit re-insurance. In tho U.S. $780,518 04
Net surplus in the United iitates. 386,758 49
FIreAsseUheldlntbe U.S.. .$1,767,276 53The above does not Include the Life and Annuity
Funds, which, by act of rarllauient, are In a distinctand separate department, for which the surplus andreserve of the t* ire Insurauce Department, nametiabove, are not liable.
CHA8. K. WHITE, SAM. P. BLADOEN,Manaokrs.
StcaiiLsItips.
J. D. Jones,
:W. H. n. Moore,
Ckarles U. Russell,'• David Lane,
I Daniel S. MiUer,
' Josiah 0. Low,'Royal Phelps,
iC. A. Hand,'William H.Webb,Francis Skiddy,
Adolph Lemoyne,Charles U. Marshim,Robert L. Stuart,
Frederick Chaouccy,H. race Gray,
n Elliott,
iam H. Fogg,
TUomas B. Coddington,
Charles Dennla,
Lewis Curtis,
James Low,Gordon W. Bamham,William Sturgis,
William E. Dodge,Thomas F. Tonngs,John D. Hewlett,
Charles P. Bnrdett,
Alexander V. Blake,
Robert B. Mintum,George W. Lane,
James G. DcForest,
Charles D. Leverich,
Edmund W. Corlies,
William Bryce,
Peter V. Eing,
Horace K. Thnrber.
J. D. JO>rES, President.
CHARLES DENNIS, Vice-President.W. II. II. MOORE, ad Vicc-P»esidenUA. A. RAVEN, 8d Vice-President.
THE OLD KELIABIii:
Stonington LineFOR BO<«TON,
AND ALL POINTS EAST.Not a Trip Missed in 7 Consecutive Years.
THE ELEGANT STEAMERSSTONINGTON aud RHOKE ISIjAND.5 I • IW J'i'lly from Pier 33, North River, foot of
• • Jay street.Hereafter the STEAMBOAT EXPRESS TRAIN WILL
LKAVE STONINGTON AT 4:80 A. M.State-rooms and tickets secured at 363 Broadway and
at all offices of Westcott Exprt-as Company In Newrork City and Hrooklyn. Also tickets for sale at all
hotel tlcketrofiices.
PROVIDE^E L.IIVE.FREIGHT ONLY FOR
Providence. Worcester, Nasbua andall Points North.
a V m Pally from fler 29 North PJver (foot ofV m . iiM..^VHrren street.)
Freight taken via either line at lowest rates.D. S. UABCOCK, President.
L. W. FILKINS, General Passenger Agent.
Atlas Mail Line.
BI-MONTHLT SKltVICH T^) JAMAICA, HAYTlUOLOMliiAand A8P1NWALL, aud to PANAMA andSOUTH i'ACtflC PORTS (via Asplnwall.)FltBt-class, full-powered, iron screw steamers, from
Pier No. 11, North Rlvpr.For Haytl, Colombia, Isthmus of Panama and South
Paciac Ports (viH ABiiinwai),ALPS April 13 1 AILSA April :0
For ElnfEston (Jam.) and Baytl.ATLAS April 23
IETNA M»y 16
Superior llrat-eliivt- uimseugei ai-comniOflHt^rn.PIM, FORWOi'I) * r.>., AuentB,
No. 56 Wall treet.
O Si L. »
Direct Line to France.
Tlie General Traus-Atlantic Coiupauy'rMail Steiiiusliips,
nxTwasKNKW TORK AND HAVRE.
Calling at Plymouth for the lauiUnc of Passengers.The splendltt vessels on tills favorite rente, for the
Contlnent'-cablna provldea with electric bells—willsail from Pier No. 42 North River, foot of Morton St.,
as follows
;
PEhEIRE. Danre Wed.. April 17. 5 P.M.VILLEDEP sltlS, Durand ... Wed.. May 1.4:80 P.M.ST. LAHliKNT. Lachesniz Wed., M»y 8. 10 A. M.PRICE Of PASbAtiK IN GOLD (Including wine):To Havre—First cabin, $I0O; second cabin, i 5; tiiird
cabin, $35 ; steerage, |26—Including wine, bedding andutensils.To Plymouth, London or any railway station In
England—First cabin, |90 to $100, according to aceoin-madallon ; second cabin, $»A; third cabin, $35, steer-
age. $2*, Inclu'ling everything as above.Return tickets at very reduced rates, available
through England and France, htesmers marked thus• do not curry Htc(Ta^^^ im.sMcimrrs.
For passage and freight apply to
LOUIS DE BEBIAN,Agent, 5S Broadivay.
McAlister & Wheless,COTTON
ooniinissioN itierohants,NASHVILLE, TENNESSEE.
Special attention given to Spinners* orders. Corre4i>ondeueo solicited.BarKBS>ioES.—Third and Fonrtn Hstlonal Banknd Proarlatgn 01 Thi Cksokicdu
Cotton.
D. L. Bennet & Co.,
GENERAL
ooraniisttioN itikrchan ts,
121 Pearl Street, New York.
Special attention given to the execution of order*
tor ths onrehase or sale of Contracts for Future
Delivery.
Pirn, Forwood& Co.,GENERAL COM.MISSION MERCHANTS,
P.O. BOX 613, P. O. BOX 4964,Neir Orleans, La. Nenr York.Execute orders for Future Contracts In New York
and Liverpool, and make advances on Cotton andother produce consigned to
LEECH, HARRISON & FORWOOD,LIVEP.POOL.
Also, execute orders for Merchandise In
England, Clilna, India and Singapore.
UNDER A RITERS IN NEW ORLEANSfor the
British Sc Foreign marine InsaraneeCompany of Liverpool.
'W.~C. Watts & Co.,
21 Brown'* Rni1dlnK»i
LITERI'OOL.tollclt conslgnipeii^B of COTTON and orders for Uepnrehase or aale of futare shipments or dellverled.
Advances made on constfn^sients, and all Informattoo
afforded by our frlenUe, Messrs. D. WATTS & Co.,51
Stone street, New Tortt, and Messrs. D. A. GIVn,i» «
SJN.64 Baronne Street. New Orleans.
D. W. Lamkin & Co.,Cotton Factors,
TICKSBCRG, MISS.
Orders to Furcbase Cotton In our market ssllclted
Refer to Messrs. THOMAS J. SliAUGHTER, NewYork.
Miiiccllancous.
H.J.
Baker & Bro.,215 FKARIi STREET, NEXT ¥ORK,
IMPORTERS AND MANUFACTUnERS OFPrime ((aallty Chemfcai jnanarcs*Chemicals for the Vllle formulas, for all OropsChemicals for the StockbridffB formulas.Dissolved Bone—Sulphate Ammonia. Nitrate Potastt
Nitrate Soda, Sulphate of Potash, Muriate of Potash40 per cent actual Potash. Super-phoaiihate LlmfiAlBp, strictly pure Rround Hone.Our descriptive circulars mailed free. The materlft
'v>r special tertlllzers for particular cropji
English Cannel,
Liverpool Orrell,
American Orrell,Now landing and In yard, for sale at lowest mar-
ket prices in lots to suit purchasers. Also, all kinds
of the best
ANTHRACITE COALS,The Trade supplied.
ALFRED PAR!TIELE,33 Pine street.
Yard—687 Weat aid street.
Smith's Umbrellas.OINGHAM, any lize SX 00OTANAOO, patented 2 00SILK, paragon frame 2 90
Fine Silk Umbrellas In great rariety.
Umbrellas and Parasols to order A rcpsirsd.
ia03 Broadwray, corner »th street.
104 Broudway, near Wall street
T7 Fulton Street, near Gold.
nilOLESAUC:405 Broadway, near Canal streeL
EstablisheclA.D.1802
VI THE CHRONICLE. [Vol. XXVI,
Miscellaneous.
Woodward & Stillman,SEAMEN'S BANK BUILDING,
Nos. 74 & 76 WaU Street,
NEW TORE.
GENERAL COMMISSION MERCHANTS
I-OAIVS MADE ON ACCEPTABLESECCTRIXr.
Liberal adrances made on Consignments.
Special attention paid to the execution of orders for
he purchase or sale of contracts for future dellyery
of cotton.
"MANCHESTER
Locomotive Works,MANUFACTURERS OF
liOcomotives and AmosUeag SteamFire Engines,
MANCHESTER, N. H.
ARESTAS BLOOD, IV. G. MEANS,Superlntiiiidciit, Treasurer,
Manche.-t'-r, N. H. 40 Water street. Boston,
Henry Lawrence & Sons,MANUFAUTUSERS OF
MANILA, SISAL, JUTE Sc TARRED
CORDAGE,FOR EXPORT AND DOMESTIC 17SF.
GANGS OF RIGGING MADE TO ORDER.
192 FRONT STREET, NEW YORK.
HOMEInsurance Company
OF NE\r YORK,OFFICE, No. 135 BROADWAY.
Forty-Ninth Seini-Annnal Statement,SHOWING THB
Condition of tbe Company on tlie firstday of January, 1878.
CASH CAPITAL $3,000,000 00Reserve for Re-insurance 1,836,432 31Reserve for Unpaid LosBes anaDividends 256.391 48
NetSurplus 1,016,703 02
TOTAL ASSETS $(i,109,52G 75SUMMARY OP ASSETS.
Cash In Banks |161,727 SSBonds and Mortgages, being first Hen onreal estate (worth }14,29S,200) 2,016,90S 00
Wnltcd States stocks (market value) 8,016,875 00Bank Stocks (market value) 251,WO 00State and City Bonds (market value) 124,623 00Loans on Stocks payable on demand(market value of Securities, $427,098)... 314,215 47
Interestdue on 1st of January, 1S78 6:..3'2 89Balance In hands of Agents 1S5,»1 13
Keal estate I.J,500 00Premiums due and uncollected on PoliciesIssued at tnis office 7,871 30
Total f6,109,32!i 'iS
CHAS. J. MARTIN, President.J. H. WASHBURN, Secretary.
MTNAInsurance Company
OF II4RTFORD.INCORPORATBD IN 1819.
Total Assets, January 1, 187T $7,115,624 «Capital t3,000.000 00Re-iusnrancefund. ... 1,741,273 42Unpaid losses & otherclaims 4!9,114 8S— 6,170,388 24
NEr bUR^'LUS, Jan. I, 1877.. $1,945,236 18BRANCH OFFICE:
Wo. 173 Broadway, Xew York.JAS. A. ALEXANDER, Agent.
Liverpool &London (5" Globe
Insurance Company^
45 William SLJ. E. PULSFOKD,
Bbbident Makaokb.
Cotton.
Wm. Felix Alexander,COTTON BROKER,
AVGITSTA, GEORGIA.Entire attention given to purchase of COTTON on
ORDER for SPINNERS and EXPORTERS.COBKESPONDKNCB SOI-ICITKD.
References :—National Bank of Augusta, Georgia
;
Heary Hentz & Co., Commission Merchants, NewYork; "William B, Dana& Co., Proprietors Commeb-oiAi. Ai,-D Financial Chronicle, and other NewYork Houses.
Tames F.Wenman & Co.
,
COTTON BROKERS,No. 146 Pearl Street, near Wall, N. \.
Established (In Tontine Building) 1841.
Edward H. Skinker& Co.COMMISSION AND COTTON MERCHANTS,
9T Pearl Street, New Ifork.
Cotton.
Ware, Murphy & Co.,
Cotton FactorsAND
GENERAL COMMISSIOK MEKCHANTfe
COTTON EXCHANGE BUILDING,
NEW YORK.Special attention paid to he execution of orders
for the purchase or sale of contracts for futurt
delivery of cotton. Liberal advances made on con-
signments.
Knoop, Hanemann & CoCOMMISSION MERCHANTS,
52 KXOHANGK PLACB, NEW YORK.
BOHSXS IH
Manetaester and LiTerpool,
or: JERSEY & CO.
H. W. &J.
H. Farley,COTTON FACTORS,
COMMISSION MERCHANTS,ASD
FINANCIAE AGENTS,132 Pearl Street,
P. O Box 3,909. New York.Advances made on Conslgsments.Special personal attention to the purchase and sale
ef f' CONTRACTS FOR JUTL'RE DELIVERY " OF
Robt. L. Maitland& Co.,COTTON FACTORS & COMMISSION MERCHANTS
No. 43 Broad Street, New^ Ifork.
Dennis Perkins & Co.,COTTON BROKERS,
117 Pearl Street, New York.
R. M. Waters & Co.,56 BROAD ST., NEW^ ¥ORK.
ANKEKS & COTTON COMMISSION MERCHANTSInvestment Securities bought and sold. Orders exe-
cuted at the Cotton Kschangea in New York and Liver-pool. All Business transacted Strictly on CoMMig-«ioN, 60 that no Inierest of our own can posblblyconflict with that of our patrons.
H. .Tileston & Co.,COTTON BUYERS & COMMISSION MERCHANTS
60 Stone Street, New York.Orders In Futures executed at N. Y. Cotton Exchange
Geo. Copeland,COTTON BROKER,
136 PEARL STREET, NEW^ YORK.
J.C. Johnson & Co.,
OOXTON ^BUYERS FOR MANUFACTUBBKB
Henry Hentz & Co.,GKNKRAL
COMMISSION MERCHANTS,174 & 176 Pearl St , New Sork.
Advances made on Conslgmrsnts to
Messrs. JAMKS FINLAY & CO.,
LIVERPOOL, LONDON AND GLASGOW.Also execute orders for Merchandise through
Messrs. FINLAY, MVIR & CO.,
CALCUTTA AND BOMBAY.
FUTURE CONTRACTS FOE COTTON bought andsold on Commission in New York and Liverpool.
E. S. Jemison & Co.,(Successors to MOODY & JEMISON),
BANKERS, COTTON FACTORSAND
UJii>.j:...AL COMMISSION MERCHANTS,No. 123 Pearl Street, New York.
Advances made on Consignments. Future Con-tracts for Cotton bought and sold on Commission, InNew York and Liverpool.
Robb & Peet,BANKERS AND COMMISSION MEBCHANT8
No. S8 TVALL STREET,
New^ York.
Advances made on Consignments. Specla attention
paid to purchases or sales of " Cotton Futures. • Bill
ot Exchange on the CITY BANK, LONDON, and
gOTTINGUER & CO., PARIS.
BLOSS & INCHES,COTTON FACTORS
iin>
GENERAL COMMISSION MERCHANTS
142 Pearl Street, Nenr York.
B. R. Smith & Co.,COTTON
COMMISSION MERCHANTS,125 PEARL STREET, NEW YORK,
AND44 Broad Street, Boston.
Liberal advances made on consignments. PromptSersonal attention paid to the execution of orders forle purchase or sale of contracts for future delivery.'
E. O. Richards,(Successor to A. L. RICHARDS)
Skipping and Commission MerchantNo. 39 BROAD STREET. NEW YORK.
Macaulay & Co.,COMMISSION MERCHANTS,
22 WILLIAM STREET, NEW YOEK.Future Contracts for Cotton bought and sold on
Commission In New York and Liverpool.
WALTER & KROHN,COTTON BROKERS,
S3 BEAVER STREET, NE1V YORK.
Waldron & Tainter,(Successors to NOURSE & BROOKS),
GENERAL COTTON MERCHANTS,97 PEARL STREET, NEW YORK.
Future orders promptly executed.
Hopkins, Dwight & Co.,COTTON FACTORS & COMMISSION MERCHANTS
No. 1 34 Pearl Street, New York^
L. F. Berje,
COTTON BUYER AND COMMISSION MERCHANT
N E \y OR LEANS, L A.:
Sawyer, Wallace & Co.,
COTTON FACTORS & COMMISSION MERCHANTS
47 Broad Street, New York.
![April 30, 1881, Vol. 32, No. 827 - FRASER...AND xmmt HUNT'SMERCHANTS*MAGAZINE, REPRESENTINGTHECOMMERCIALANDINDUSTRIALINTERESTSOFTHEUNITEDSTATES VOL.32. NEWYORK,APRIL30,]881. NO.827.](https://static.fdocuments.us/doc/165x107/5ff9ecb62321f3773827b10f/april-30-1881-vol-32-no-827-fraser-and-xmmt-huntsmerchantsmagazine.jpg)
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