I

9xmtltHUNT'S MERCHANTS' MAGAZINE,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE nNTTED STATES.

VOL. ]6. SATURDAY. MARCH 1. 1873. NO. 401.

The C'liqnes and the Loan MarkotHow Repeal of the Usury Lawswould Aid Borrowers. 277

Dl Bcripancy Butwoen the Growthof nur Population and Wealth.

AdminlBi ration Reform and theRefunding of the Cotton T.ix.

European Cotton ConsnmptloaAgain

02*T£2iT8.THB CHRONICLE.

277

279

Changes in the RedeemingAgents of National Banks 282

Reserves of the National Banks—Dec. 27, 1872 283

Latest Monetary and CommercialEnglish News 283

Commercial and MiacellanconsNews 285

281

THE BANKERS' GAZETTE.Money Market, Railway Stocks, 1 Banks, etc. ... 286

U. 8. SeciiriticB. Gold Market, Qnotjitions of Stocks and Bonds 289Foreign Exchange, New York New York Local Securities 290ytv Banks, Boston Banks, Investments and State, City andi'miadelphia Banks, National

| Corporation Finances 291THE COMMEKCLAL TIMES.

Oammerclal Epitome 291 1 Groceries 29gCotton 29.-> i Dry Goods '.,.' sagBreaastufiB 297

I Prices Current 8O0

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THE CIKIUES AND THE LOAN MARKET.

Opinions are somewhat divided aa to wliether the mone-tary stringency which has been renewed this week is

artificial, and the question is discussed with some warmthon both sides. The better view seems to be that the

monetary situation is so sensitive as to offer to a clique ofwealthy speculators the opportunity so to manipulate andadroitly use their money as to control the loan marketwithout difficulty, and that they avail themselves of these

facilities whenever it answers their purpose to do so,

•ither with a view to operating in stocks or in gold ; in bothof which they are said to be deeply encaged.

On this theory the ea-ie is explained which was suddenlydeveloped yesterday. These tight-money men, it is argued,have contrived during the turmoil of the previous days to

cover their shorts, and have no further occasion to keepmoney tight ; ihey therefore abstained from interfering withhe money market and left it to its own free movements

the result o( which was a degree of ease that would prwailcontinually if these men could be persuaded to desist fromtheir manipulations and to let the money market alone.

Another statement is that these speculators are helping

forward, as well as they can, the effbrU now making tt

WHsliinglon to' induce the Treasury to issue the 44 millions

of g-eenbacks of wliich so much has been said. By doingtheir utmost to oiuso .nringency and disturbance in the

loan market, the8<i cliques hope to get up a ory for relief

and for an unlawful issue of currency, so as to convince the

Secretary of the Treasury that such an issue is needful to

stop the stringency. These cliques are reported to be largn

holders of stocks which, in the violent excitement of the

market caused by currency inflation, they oould siicoMd in

disposing of at high prices.

How much of truth there may be in these various con-

jectures we need not inquire. There is considerable plausibil-

ity in some of them, and they serve to illustrate, at any rate,

the very uncertain condition of the money market, and the

utter impossibility of foreseeing its probable movements in

face of so many oontinirencies.

Much of our hope for easy money this summer depends

on the continuance of low rates of interest in the European

loac markets; for we shall be able to avail ourselves of

large amounts of foreign capital here if ease should oon.

tinue to prevail abroad, fn London the recent change in

the Rank of England rate seemed to take the leading finan-

cial authorities by surprise, and they do not appear to

expect its continuance. Still their opinions may be wrong,

and for the present there is so large an amount of idle capi-

tal accumulated there that the rates in open market are

below the bank minimum. It also appears as if some

change had taken place in the programme of the German

Government relative to the new coinage, as their de-

mands for gold so far this year have depleted the mar-

ket much less than was expected ; and have b«r«ly

kept pace with the bullion receipts from this coonlry

and from Australia. If this partial arrest of the abaorption

of gold for the German coinage should continue, the heavy

payments on account of the fourth milliard of the French

indemnity will be likely to add another element of ease to

the European loan markets, which ought to tell favorably

upon our financial movements heie. The prospect before

us is such, however, as to suggest to all prudent men the

most circumspect caution.

HOW REPEAL OF THE USURY LAWS WOULD AID BORROWERS.

It is well known that there is great opposition at Albany

to the repeal of the Usury Law, and that this opposition

derives its chief support from tho country members. These

men keenly feel the oppressive and enormous loss which

278 THE CHRONICLK [March 1, 1873.

afflicts borrowers in consequence of the high rates of inter

est which of late years have prevailed throughout a consid-

erable part of the year. What they fail to see is that the

usury laws themselves cause this distress, and that if the

legiskture would repeal these laws one chief cause of the

wild fluctuations of the money market would be taken away.

In March, 1867, the Slate of Massachusetts, with many

misgivings, ventured to repeal her usury laws, which were

much less severe and less mischievous than those of this

State. It has occurred to us, therefore, that some of our

people might like to know from well-informed quarters

whit are the real effects of the repeal of such laws in an

active, aianufacturing and commercial State. Accordingly

we have obtained authentic testimony on the subject from

various business men, among others from Mr. J. S. Ropes,

the President of the Boston Board of Trade. The ques.

tions we put to this gentleman, with his answers, are as

follows :

1. Was your law of March 6, 186r,as popular among borrowere

as among lenders V

Reply.—Probably it was not popular with borrowers on mort-

gage, who obtained money at 6 per cent, and with many ignorant

persons who supposed it possible to make money cheap by legis-

lation ; but I think ihe great body of intelligent merchants, and

those borrowers especially who were shut out from six per cent

loans, heartily approved of it.

2. Has that law worked any hardship or oppression to the bor-

rowinjf class ?

Reply.—I am not aware that it has done so. On the contrary I

think it has essentially benefitted a large class of borrowers, by

enabling them to compete with the favored class who formerly

monopolized the six per cent loans at the banks and elsewhere

as well as by increasing the amount of available capital in the

market.

3. Did the rates of interest show any general disposition to rise

immediately after the passage of the law ?

Reply.—I do not think they did, and for a long time after the

passage of the law. I think its effect was hardly to be noticed.

But its ultimate effect has been to substitute seven per cent for

six in mortgages and bank loans.

4. If so, have the free movements of supply and demand coun-

teracted that temporary rise and developed a subsequent decline ?

Reply.—With the exception of the above-named advance from

six to seven per cent, which I think was gradual, there has been,

in my opinion, neither advance nor reaction, but a constant ten-

dency in the direction of ease and steadiness.

5. Are your present rates, on the average, higher or lower than

before the anti-restriction legislation of 1867 ?

Reply.—It is my impression that rates now vary less than for.

merly ; that changes are more gradual and less extreme in their

character, and that rates are on the average rather lower than

higher, allowing, however, for exceptional circumstances.

6. Is there as rauch tendency to spasmodic changes' in the rate

of interest as formerly ?

Reply.—I think spasmodic changes in the rate of interest have

been absolutely unknown since the paffsage of the law.

7. What has been the general operation of the new law as af-

fecting the facilities of mercantile business, and the rates of dis-

count during the years 1868-1873?

Reply.—The effect of the law appears to me to have been in

every way satisfactory, so much so that the advocates of an irre.

deemable paper currency have thought it necessary to ascribe the

improvement to that particular cause. I think the full benefit of

the abolition of usury laws will not appear until our currency is

restored to a sound basis. But even with our present experience

I believe it would be utterly impossible ever to restore usury laws

in Massachusetts. The amount of loanable capital has very

greatly increased, and borrowers in consequence are supplied with

far more ease than formerly, and on the whole at lower rates.

J. S. RoPKS,

President of the Boston Board of Trade.

' We shall, if needful, give further extracts from the evi

dence we have collected. Substantially, however, all

parties are at one in regard to several important points.

First, they agree that borrowers are not injured by the

repeal of the usury laws. Th's is an important njatter for

the purpose we have in view. The opposing membersat Albany are anxious to mitigate the distress which high

rate,i of interest inflict on commerce and tride. Anxious

as they are to relieve this suffering and apply to the

growing evil a fit remedy, thoy ciinnot disabuse their

minds of venerable and oft-refuted errors which have long

lost their power in almost every commercial country but

our own. They assume thj»t it is possible to protect borrowers

by denouncing severe penalties against usury. It ia now 36

years since this fallacy got itself enacted in the present usury

law of this State. In the year 1837, the lending of money

at a higher rate than 7 per cent, was made a misdemeanor

punishable by a fine of 1,000 dollars and by imprisonment

for six months. Previously the usurious loaning of money

was punished severely enough, but the penalty was found of

no efFjct. Usury then involved the loss of the principal

and interesi, and this forfeiture was also continued in

the new law, in addition to the new sanctions of fine and

imprisonment.

Surely, if any legislation could by possibility have

repressed usury it would have been done long ago. Yet

what are the facts. Year by year the mischief has grown

worse. For five or six months past call loans have been

made in Wall street at rates far above the legal maximum-

Such loans are made notoriously to the extent of millions

of dollars a day, and the usury Jaws give practically no

protection to the borrower whatever. Turning to the

interior of the State we find that on bond and mortgage a

farmer finds it extremely difficult to borrow at any price,

and those who do succeed have to submit to a heavy

douceur to the go-between, whom the lavv, with its stringent

penalties, renders an indispensable agent for the raising of

loans. It is also worthy of note that the penal sanctions of

the law have never been invoked but once, when District-

Attorney Garvin, a few years ago, had a number of our

leading bankers fined to the extent, if we rightly remember,

of $250 each. Except in this case the experiment was

never tried before or since, of inflicting a fine ; and the penalty

of imprisonment Las always been virtually a dead letter.

Our experience in the working of usury laws is, in fact, the

same as that of all the rest of the world. England has long ago

swept the last vestiges of usury laws from her statute book,

because she found that practically they could not be enfo'-ced,

and if they could they would not protect borrower's from

any exactions of the lenders of money. The universal

experience of all commercial nations has shown that it is

not the le.iders but the borrowers who are the chief sufferers

from usury legislation, and that the best relief legislation

can give in regard to the usury laws is to abolish them

altogether.

The evidence we have collected also shows that the

money-market works in Massachusetts with fewer sp-isms

and jerks than before the reform in the law. It also appears

that there is more money to lend. Mr. Ropes refers to

this point at the clcsa of his paper; To illustrate it we have

compiled from the official reports of the Comptroller of the

Currency the following table, showing the gradual increase

of the deposits and loans of the Boston banks, and of the

country banks of Massachusetts from the date of the usury

repeal till the present time. Tbese figures oiler a convincing

illustration of the working of free trade in money :

BAKK MOTBMENT IN BOSTON UNDBR TBB RKPIAL Or THB DSUBT LAW«.

1367— Capital. Deposits. Loans. Specie. Lcgal-tsnd. Cert., etc.

January $42,550,000 $41,0.*4,5a7 $62,891,110 $1,465,723 $6,291,207 $12,003,030

April 42,550,000 39,011,725 56,811,075 454,986 6,085,077 11,531,180

July.... 42,560,000 37,515,077 58,198,607 725.278 6,727.051 9,331,980

October 42,560,000 36,689,198 60,725,814 617,364 8,346,646 5,492,690

1868-

January 42,650,000 41.018,843 62,273,894 1,868,306 10,268,254 1,955,000

April... 43,750,000 35,862,138 62.103,677 665,474 6,176,839 3,200,000

March 1, 1873,] THE CHRONICLR 279

Capital.

Jnly.... (a,7SO,0OO

October 42,750,000

1869-

Jan. 4.. 4S,6SO,000

April n 44,850,000

Jane 12. 46,050,000

Oct. 9.: 47.t50,000

1810—

Jan. ii.

Mch. UJunt 9.

Oct 8..

Dec. 88.

1811—

Mch. IS 47,300,000

April 89 48,100,000

June 10. 48,600,000

Oct. 8.. 48,600,000

47,800,000

47.800,000

47,800,000

47,800,000

47,800,000

Dec. 18.

1878—

Feb. 87.

AprU 19

Jane 10.

Oct. 3..

Doc. 87.

48,600,000

Depoflts.

43,768,588

39,972,421

88,605,057

37,288,618

39,456,19)

87,437,796

42,728,048

37,889,786

39,811,085

41,902,284

46,740,809

47,564,341

51,303,a30

B2,3.S9,470

49,292,790

46,496,976

I.oani.

66,891,620

65,106,020

64,063,106

6(),352,'l64

71,698,010

72,608,418

76,403,317

74,947,950

74,»73,8J6

71,905,843

79,003,293

79,469,491

81.501.698

83,188,168

86,4!>9,331

88,146,301

Specie. Lefil-tend.

3,861,301 9,896,087

777.703 7,9«4,00B

3,096,873

633,074

643,905

],0S7,liOS

5,680,679

5,818,601

3,617,911

1,872.792

3,184,839

2,082,004

3,815,684

1,518,919

877,093

3,493,701

7,915,533

6,787,819

7,830,688

7,481,313

6,8.$8,981

4,497,696

5,478,836

6,349,067

9,084,119

9,345,08«

9,456 357

10,707,445

9.941,448

8,256,780

Cert., etc

4,490,000

6.100,000

6,345,000

5,066,000

4,846,000

4,480,000

4,890.000

4,890,000

4,890.000

4,086,000

4,060,000

8,836,000

3,760,000

3,490,000

8,095,000

1,830,000

48,600,000

48,600,000

48.600,000

43,900,000

48,900,000

86,570,943 4,094,350 5.533,596 1.835,000

84,369,881 4,008,819 6,985,400 1,840,000

85,48j,080 1,049.339 8,906,325 925,000

83,362,701 801,591 8,233,433 565,000

90.056,757 1,'535,751 10,861,143 1,066,00*)

BAKK MOVIKXIIT IN VASS.^OHD>BTTS (SXCLUDIKO BOSTON) UHDIB THV lUCPBiLL

or TUB UBtTBT LAWS.

Deposits. Loans. Spade. Leg. tend. Cert, etc.

$19,011,423 $39,939,989 $391,479 $3,476,267 $3,027,840

41,371,446 223,271 3,141,288 2,024,800

41,985,595 383,358 3.584,581 1,518,790

44,088,263 188,481 4,409,186 731,950

1868— Capital.

Jan $»7,138,000

April... 37,132,000

July.... 37,132,000

Oct.... 37,163,000

1869—

Jan. 4.. 36,982,000

Apl. 17. 37,182.000

June 12 37,182,000

Oct 9.. 38,273,000

1870—

Jan. 83.

Uar. 24

June 9..

Oct 8..

Dec. 38.

1871—

Mar. 18. 39,222,000

Apl. 29. 39,222,000

June 10 39,272,000

Oct 8. . 39,872,000

Dec. 16 39,272,000

1872—

Feb. 27. 39,322,000

Apl. 19. 39,465,650

Jane 10 89,581,130

Oct 3. . 89,772,000

Dec. 37. 39,897,000

46,675,883

46,917,457

48,416,033

40,341,919

51,645,483

58,895,519

80,512,311

33,834,253

38,982,000

30,172,000

39,172,000

89.232,000

39,222,000

20,089,727

18,882,525

19,169,673

20,734,410

31,231,129

20,089,191

80,504,800

22,230,713

20,582,180

21.16.3,826

2S,!I10,229

2.3,016,175

25.658,999

31,566,890

92,399,118

22,883,141

22,563,S51

25,006,957

32,682,756

48,920,078

43,841,209

44,903,794

47,813,499

47,623,082

49,498,537

49,807,030

52,194,302

51,959,151

52,208,134

53,097,170

58,033,283

65,673,814

55,088,585

65,481,799

55,918,415

56,121,75»

58,595,821

57,172,636

469,047

185,365

162,533

143,178

475,466

683,684

352,7':0

207,106

812,898

165,838

193.403

133,708

104,286

159,786

723,803

665,952

896,836

140,731'

129,883

4,436,982

4.294,238

4,151.466

4.680,069

4,310,205

4,036,811

4,214,982

4,439,888

4,383,047

4,819,653

4,401,768

4,376,868

4,748,078

4,175,789

3,800,639

3,897.&31

4,002,155

4,4ei,213

4,391,783

360,00«

845,000

2.35,000

840,000

225,000

220,000

315,000

195,000

185,000

135,000

120,000

110,000

70,000

45,000

35,000

85,000

85.000

145,000

125,000

On the whole this evidence is quite satisfactory , and ought

to Cv^nvince our legislators at Albany that they are wrong

in supposing that the repeal of the usury laws is a dan-

gerous experiment. For many years past these men have

contended that it would be unsafe to leave lenders at

liberty to charge what rates they please, that they would

abuse their liberty, that their ropaeity would know no

bounds, that the rates of interest would go up to exorbitant

limits, and borrowers would be more oppr*-ssed than ever.

The men who argue thus argue itgainst the facts. Mean-

while capital which ought to be lending here has been driven

off in vast amounts to other states, wher^ it can be lent at

its real value on interest witboi^ (e^r of forfeiture, confisca

tioD, or other barbarous pei^^ties for usur^.

DISCREPANCY BETWEM lui GROWTH'OP OBR POfUlATIOJi

One of th^'mpst oooapiCu'ouV tendencies of modern civili-

zation aII_OTer the world is the concentretion of a greater

percentage of the population in large cities; and the rapidity

of t|l^is movement, as indicated by successive cehsiis reports,

is generally presumed to give a fair index to ,tKe compara.

tive progress of various nationalities in materfal wealth and

productive power. During the past three or four years

Mr. Wm. E. Martin, an eminent member of the New York

bar, has rendered a service to eco"nomic science by a numberof papers of a practicaj and suggestive cTiM-acter, illus-

trating the woikiqg o^ ^ese teirdsncies in regard to the

growth of the city of New York. The laat of his aasayt

has just been published, and giv«s an elsborsle series of

tables showing how the increase of New York lo popuUtion

and wealth has been checked by extravagaol espeoditure,

by bad goverainent, by heavy tnxation, and by insufficient

means of quick travel between distant part* of the city.

The results of these retarding influences are seen in tb«

slow growth of our metropolitan population since 1860,

which has disappointed many persons who hod ezpeeteJ to

find it as rapid as the increote of the real and personal

estate. In 1800 the census gave to New York 813,609

inhabitania, and in 1870,942,202; so that the population

increased 128,023, or lets than 15 per cent. Estimating

the 8ubse([uent increase iit this ratio, we shall have in 1873

080,880, and shall have gained 167,211, or 21 per c«nt. on

the population of 1860. The real estate of the city, on the

other hand, increased its tax valuation from 1307,883,860

in 1860, to »742,202,.'i2.5 in 1870, and •707,148,665 in

1872. In other words, while the population increased but 21

per cent, during 12 years, the value of real estate had more

than doubled ; and while the city of New York had added

from 1860 to 1870 but 107,211 persons to its p«rman«nt

population, it had add<>d to its solid wealth, in real property,

the vast sum of 1^00,264,796. Mr. Martin argues tha

question ho^ this vast increase has been distributed over

the various parts uf the city. Into the details of this dis

cussion our limits forbid us to enter now, but there are two

points that are well worthy of note : first, that in the lower

wards of the city, which constitute the business portion of

its area, the increase in valuation is very steady and well

distributed, notwithstanding the great disturbance of values

from the restless moving of business from its old moorings

in accordance with the general progress of the populotion

northwards. Secondly, this rule of equable distribution

does not apply to the increasing values of the newer half

of the city, which ow-upies the northern portion of Manhattan

Island. To compare the growth of the new and the oM parts

of the city, Mr. Martin draws his dividing line at Fortieth

street, which gives two districts of about equal areas. Of

these the lower or southern section is built up and thickly

settled, while the other is four fifths of it still vacant. The

growth of these two sections, in regard to their real estite

valuation is suggestive, and is shown in the foUowlBg

table, which we condense from Mr. Martin's more voluminous

statistics

:

Soathem Are*.

1860 $355,149,883

1861 S99,9«,I7J

1863 mfiKjm1863 «»,7«7,888

1864 aB6.J«0,OTf

1S65 8a«,SS0,«34

1866 898,«e»,6e9

1867 «»,>*1,746

1868 606,310.835

1869 B3S,90«,0»»

1870 6*8,886,486

1871 563,494,716

1872 691,110,415

These figures are well worthy of attentive examination.

Among other things they show that the new part of the

city, Hlthough the population has overflowed and been

attracted to the suburbs, has still added to its reaj|()«|tat«

values in 12 years no less than 163 millions of doHM^ or

at the average of 13^ millio'js a year. Since 1865 the

total valuation of the real esUte has risen from $427,360,884

in the whole city, to $707,148,665, showing a growth ol 85

per cent, or 870 millions ^ dollars for the eight ymn.

Tnis is independent of the personal estate which inorcoaed

its valuation 70 per cent in the same period, or firom $181,-

428,471 in 1865 to $306,040,4«1 in 1872. In 18«5 it is

observed that the personal estate was 30 per east of the

whole, and in 1872 28 par cent of the wbole. T» what ex-

Northern Ana. Total.

$43,734,e«S $387,881,869

«7,ios,aaa 418,110,665

40,030,389 m,aBi,st4

51,419.4ta «6,WI,a8i

M.W.MB «1M1^«&<i,oi>,aao 4ri.mo,t6*

80,070,415 478,966,084

108,100,317 668t4rr.06t

117.916,3an 8*6.666.566

160,«HT« 6HU11768173.336,040 MMB1.S66186,H7,6M i«,fla.i6»

106,088,366 71«,1«,6I6

r J.'

280 THE CHRONICLE. [March 1, 1878.

tent the real estate valuatious may be susceptible to specula-

tive influences in the past or future, is a problenn too remote

fiom our present purpose, which is simply to give a general

view of the growth and distribution of ihe wealth of this

metropolis, with a view to elucidate the position that the

property, both real and personal, assessed for taxation in

this city, is rapidly growing, although our population is

growing more slowly.

The next question is whither the population are dispersed

who are employed here and might be expected to prefer a

residence in the city. Mr. Martin answers that they are

driven to the suburbs by thousands and lens of thousands every

year. This he proves by giving us the population statistics

of the suburban counties of this State and of New Jersey,

In the state of New 5fork he gives eight counties whose pop-

ulation has risen from 390,902 in 1860 to 498,718 in 1872,

showing an increase of 26 percent., or 107,816 persons. Hethen takes us across the Hudson and shows that the seven

near-by counties of New Jersey have increased still more,

their population having risen from 309,494 in 1860, to

514,622 in 1872, and showing an increase of 205,128,

or over 65 per cent. In these seven counties of New Jersey

the taxable property at the valuation assessed for pur-

poses of taxation, has rapidly increased. From 1865 to

1872 it has doubled, the increase being $176,593,436. This

sum indicates, of course, a much higher value at market

prices or at the estimate put on the properly in the hands

of its owners. In the eight suburban counties of the state

the real estate has risen from $119,067,238 in 1865 $137,-

395,928 in 1872, while the personal estate has fallen from

$36,295,969 to $30,226,436, in consequence of tha laxity of

the assessors who allow larger amounts of personal estate

than formerly to escape assessment in consequence of the

unpopularity of the tax on personal estate.

The practical inference troDj all these figures is obvious.

If the abuses of the ring government, and other causes, have

during the past few years driven our population away from

this city to the suburban counties of New Jersey and of our

own State, we must without delay begin a series of reforms.

The Sfjecific character of the civic reforms which Mr,

Martin advocates we may perhaps discuss hereafter. Mean-

while we must admit that he has done good service in

setting in so clear a light some of the more prominent

causes of the slow growth of our city population in com.

parison with its wealth and commerce.

ADMINISTRATION REFORM AND THE REFUNDING OF THE

COTTON TAX.

The scdnty subscriptions to the Syndicate loan abroad

and the consequent call of 50 millions of five twenties instead

of 200 millions, as was expected, have revived the discus,

sion that has been fitfully going on for some time past in

certain newspapers abroad and ai home, relative to the

extravagance of our civil expenditure and its steady increase

from year to year, so as to neutralize or absorb any savings

from the economies in the Departments of the Army and

Navy. With this prodigality the officious assailants of Mr.

Boutwell have for lack of better weapons ventured to charge

him, though every well-informed person knows that his

chief hold on the confidence of the country is his bold

refusal and dogged opposition to every job that has been

put forward for plunderin;» the National Treasury. Ourpeople have always been in favor of sound economy ; but

the time for agitating its praciice is when the appropriation

bills are before Congress ; for under our theory of govern,

ment it is Congress and not the Administration that chiefly

holds the purse-strings of the nation. It might be expected

therefore that the economists who have attacked Mr. Bout.

well because of the swelling volume of the civil appropria-

tions year by year would make a prompt appeal to

Congress at the proper moment against the excessive pres-

sure of these heavy burdens. Congress is responsible

to the country, and if any popular remonstrance is to be

valid we look to Congress to make it so. The reports from

Washington give the following aggregates of the twalve

appropriation bills for the current year : Indian, $5,379,365;

Pension, 30,000,000 ; Legislative, Executive and Judicial,

$17^041,353; Consular and Diplomatic, $1,310,629; Navy,

$18,769,993; Fortifications, $1,999,000; Post Office, $32,-

503,767; Military Academy, $351,018; Army, $31,961,.

954 ; sundry civil expenses, $27,958,829 ; River and

Harbor, $5,507,400, Deficiency, $8,222,328—making a

total of $181,006,136. That these estimates are too large

Congress does not seem to believe; for the amounts in

some of the bills have been increased. The aggregate of

appropriations by the time all the bills shall have been

passed will probably be $190,000,000. We repeat that

if these appropriations involve any prodigal waste of the

public money, this is the time to show the extravagance

and to tear the veil from the corrupt devices which squander

the people's money, Instead of grumbling and croaking all

the rest of the year, and finding fault with the officers whose

duty it is to disburse the money voted by law, our fiscal

reformers should go to the fountain head and inform Con

gress, that makes the law.

In every well conducted project for this purpose these

gentlemen may rely on the aid of the press, and on the sym-

pathy of the people. There are few problems in the field

of economic labor which offer richer incentives or more

promise to disinterested publicists.

But there are other kinds of proposed Government ex

penditure which will claim the attention ofenlightened advo-

cates of practical reform, and will need in Congress and else-

where more careful watching than even the ordinary expen-

diture of our civil administration. Among these are a mul-

titude of hungry schemes, some of which, after a score of

defeats are still as lively as ever, and are pushing their

claims on the National Treasury, without attracting so muchnotice as might be wished from the newspapers. One ol the

more prominent of these is the oft-defeateJ claim for

the refunding of the cotton tax, against which Mr. Kerr»

of Indiana, made an admirable speech a few days ago in

Congress. Like other fair-minded statesmen both in and

out of Congress, Mr. Kerr was induced at first to favor

such claims, partly by sympathy, and partly by the convic-

tion that the cotton tax inflicted on one of our most

important productive interests a practical wrong.

Many persons who were thus disposed at the outset

to rpgard with favor the project for repaying

the amount which this tax had taken from the pockets of

the people have reached on reflection an opposite con

elusion. If such a repayment were practicable—if we could

find out how far the tax had been recouped by advanced

prices—if there were any reasonable prospect that the

sum repaid would undo the injury inflicted, that the money

would find its way into the pockets of the right men, and to

the precise amount which they had suffered—then in that

state of the facts, Mr. Kerr and others with him might

not have been led to a policy practically fatal to these

claims. That this policy has long ago prevailed generally

among our people, is due not to prejudice but to enlightened

conviction and to the force of evidence. Let us look for a

moment at the case as presented by the claimants. Their

bills propose to refund all the taxes collected on raw cotton,

under the acts of July 1, 1862; June 20, 1864; Jnly 13,

1866 ; Sept. 1, 1867, and Feb. 3, 1868. These laws, it is

urged, were unconstitutional and void. They were also

March 1, 187S.^ *HE CHRONIGLk 281

unjust, false in principle, and oppressive in operation.

Hence the whole of the money collected under them, oii

this most important raw material produced in the Souih

should bo refunded to the persons who paid it, or to their

representatives. With a view to success in passing this

unprecedented measure it is affirmed that its promoters at

Washington have under control very influential aids to

legislation, and have bought up no less than six millions of

these cotton claims. There are also stories afloat that some

of these claims have been distributed " where they would

do most good." IIow correct Madame Rumor may be

in this last insinuation we do not know. What is certain

is that the claims hnve passed to a large extent out of the

bands of the original parties, and that a ring of speculators

and lobbyists are on thh track of them. Further than this we

have no wish as yet to penetrate the mystery wliich at

present hides ihn agitators of these extinct cotton claims

from obloquy and from public view.

Turning from these men to the claims they urge, we find

that the total amount involved is much greater than has

been supposed. The tax was in operation six years. It

was enacted July 1, 1862, when the tax on raw cotton was

fixed at half a cent per pound, and remained at that rate

until June 20, 1864, when it was increased to two cents a

pound. On the 13th of July, 1866, it was raised to

three cents a pound, and so remained until Septembf>r 1,

1867, when it was fixed at two and a half cents per pound.

Or. the 3d of February, 1868, the tax was altogether abol-

ished. The aggregate of the cotton tax collected while the

laws were in force, from 1863 to 1868, inclusive, is thus

reported

:

TOTAL BXTiiit;! raoK thb cotton tax, 1863 to 1868.Years. Amonnt.1888 (fiscal year) $351,31118M ifiscal year) l,a«8,4121866 (flecal year) 1,774,9831868 (flbcal year). 18.409,6551867 (flecal year) 83,769,0791868 (fiscal year) 82,500,948

Total $68,079,888

During the years 1866 and 1867 th«re was collected by

Treasury special agents an aggregate tax of $2,018,319 in

the late insurrectionary States. A large part of this sumwas derived from the tax upon cotton ; so that the claims

now proposed to be refunded amount to 68 millions of

dollars, even if we omit, as the House bill, No. 3,564 pro-

poses, the 1^ millions collected in 1863 and 1864. Tha

simple exposure of the prodigious magnitude of the claim

is of course sufficient to defeat it. This is almost equally

true of many similar schemes for depleting the Treasury.

Their fate is swift and sure when once their real purpose

and extent are disclosed to the people. The only hope of

their adroit managers is to avoid publicity, and to insin

uate their bills into the legislative hopper at Washington

in the excitement and rush of business which so disgrace

fully prevail at the close of each Congressional session.

Some better means must be devised for securing delibera.

tion and publicity of every appropriation bill which is

allowed to pass through Congress. It would also be well to

prohibit any member of either House from receiving any

fee, or from acting as attorney, for any such schemes or for

their promoters. An honest member of Congress, as Ger.

Butler said on Tuesday, may hi worth seven thousand a

year ; but we must add that if he take fees from suitors to

Congrest he is worth less than nothing. Here is a fine field

for fiscal reform. We might point to work which in other

directions ia soliciting the skill of those men among us whoaspire lo be administrative reformers. The suggestions wehave indicated, however, are enough for the present.

EUROPEAN COTTON CONSUMPTION AGAIN.

We have received the past week the following latter from

Messrs. Smith, Edwards Si Co., of Liverpool

:

LlTBBPOOi,, Pebrutrjr 6, 187S.

To the Editor of the Comm*rHal and PSruineiai ChronieU, N. T.:Sra—We notice in your cotton report of Jsaasry 84, soma

critlcisDiB CD our last annual circaUr, which procMds open a mis.apprehension. You say that wo ware In error In putting- tbacoo-Humption of American cotton in Qreat Britain for 1871 at 34,800bales per week, whereas iplnnors hold a tiurplus stock of 130,000bales, which reduced their actual conitumption to about 32,000bales per week. We beg to state that the fifj^ures of eonsumptloowe f);ava were those adopted by the Brukem' Commlttae hera,

after dedutting 80,000 bale*for exeeM ofHoek held by t/u traJt oaDecember 31. The amount of Amorican cotton taken by the trada

that year was 1,888,000 bales, ur 30,300 bales per week. Further,

the estimate of 150,000 bales surplus stock ascribed by yon to Ott-

Trumpler was made on October 1 not December 31.

Tou also object to our figures of the continental coDsamption of

American cotton in 1871 and 1873—viz., 860,000 bales average.

We would say that the

1870-1. 1871-1.Expert from America to the Continent wai 788,000 Bale*. 601,000 BalM.Export from England to Continent was SOt.OOO " 132,000 "

1 .090,000 Bales. 635,600 BalM.Average snpply to the Continent, 1871 and 1871, 888,000 Bale*.

As stocks of American cotton in spinners' liands were very

small at the end of last year, we may fairly take this as represaot-'

ing the consumption in place of 800,000 bales per annum, as yonstate.

There are various other ways of arriving at the same result, andwe merely adduce this as the simplest.

We have noticed former criticisms on our circular also contain-

ing incorrect statements which we did not reply to at the time,

but we thought it well to refer to this as the matter lies in a nut-

shell. We are, Sir, yours faithfully,

Smith, Edwabds & Co.

As this matter lies in a nutshell, let us break the outer

covering, examine the kernel, and discover if possible where

lies the misapprehension.

1. Tiie annual cotton statement for Great Britain, Oso.

31, 1871, stated the consumption in the United Kingdom

for the year to be 3,114,780 bales. In arriving at this

result (he Brokers' Committee estimated an increase ot

100,000 bales in the spinners' surplus during th« year,

making that surplus 200,000 bales, and tb«'y assigned sli

the rest of the cotton supply, not exported nor in the slock

in ports, to consumption.

In October, 1871, M. Ott-Trumpler, who is without »

peer as a cotton statistician, and in accurate knowledge and

judgment of what (he world is getting and using of raw

cotton, estimated the increase of spinners' surplus in Gre«t

Britain in 1871 at 250,000 bales (instead of l.)0,000 bales,

as estimated by the Brokers' Committee), and 500,000

bales for all Europe. We hsva before us .i paper headed

" Reflections on Ott-Trumplor's Statement of Consumption

in Europe," written immediately after the appearance of

M. Ott-Trumpler's circular letter, and said to be from the

pen of one ot the most distinguished writers among the

cotton brokers of Liverpool. In it he says that Ott-Trump-

ler's statement made the whole Europenn consumption

95,000 bales per week, and adds, " We think be over-

estimated the surplus stock, and we would put it at 300,000

bales, making the consumption 99,000 bales, or call it

100,000 bales per week." Here is a key to the subsequent

decision of the Brokers' Committee, as to the relative con .

sumption and surplus, though the committee varied it more

widely at (he end of the year.

These, (hen, were the two positions taken at that

time—the one by the Liverpool Brokers' committee,

making the increase of spinners' sloflk in Great Britain

100,000 bales, and the other by Ott-Trumpler, claiming

250,000 bales a.s their increased surplus. But it soon

became evident that the Brokers' Committee were in

the wrong. By their theory, granting their figures

of consumption and surplus to be correct, and the cur-

rent consumption in the first six months of 1872, even

282 THE CHRONICLE. [March 1, 1873,

reduced as they were, also to be correct, the stock of

American cotton in England should have been exhausted or

nearly so before October. But it was not. On the con-

trary, after July there was remarkable " abstention from

market" by spinners. There was American cotton enough,

supplemented by the long staples, and to spare. Specu-

lation was disappointed of its fruits, and everybody saw

that a great sUtistical mistake had been made in the figures

of the Brokers' Committee for 1871. Examination revealed

the fact, which was then admitted by all prominent writers

that Ott-Trumpler was right af',er all, and that the spinners'

surplus Dec. 31, 1871, should have been at least 150,000

bales larger, and the consumption of 1871 correspondingly

revised. As there was no inducement to lay by a surplus

of any other than American cotton in 1871, it was naturally

concluded that this extra 150,000 bales in the surplus was

chiefly, if not all of American cotton. If so, then the con-

sumption of American cotton in 1811 was by that quantity,

or nearly that quantity, less than was set down by the

Broker's Committee. This reduction would be nearly

8,000 bales per week; hence our reduction of the weekly

rate of consumption of American cotton in 1871 from

84.800 bales, as stated in the annual cotton circular of

Messrs. Smith, Edwards & Co. for 1st January, 1873, to

the actual rate, 32,000 bales.

We were quite well aware that the figures used by

Messrs. Smith, Edwards & Co. were those adopted by

the Brokers' Association through its committee; and we

notice that they repeat and perpetuate the error in the

succeeding year, without a word of explanation. There is

something almost sublime in the steady adherance by our

friends over the water to whatever has once been adopted

by the rightful authority, and the implicit faith given to it

«fter all the world, themselves included, have discovered

that it was "adopted " under a misapprehension. It is the

spirit of conservatism.

Bat our correspondents say that "the estimate of 150,-

000 bales surplus stock ascribed by you (us) to Ott-Trum-

pler was made on 1st October, not 3 1st December." True;

and } et we do not see how that affects the question, as it

was evident that the surplus we referred to was the excess

of Ott-Trumpler'g statement over the increase (100,000

balps) allowed by the Liverpool Brokers at that 'ime

Besides, turning to the annual report of the Liver-

pool Brokers' Association for 1871, we find that between

October 1 and December 31 th» trade took from Liveipool

alone (disregarding what they took at London) 861,070

bkles, an average of 66,280 bales per week for the thirteen

weeks, and that the average consumption of the year, even

as excessively stated, was only 59,900 bales per week

—

really about 57,000 bales. Granting that the increased

activity ia the last three months of that year raised it to

60,000 bales per week, or 780,000 bales in the thirteen

weeks, it remains clear that spinners added to their surplus

over 80,000 bales from Liverpool alone after October 1.

2. One other point is presented by Messrs. Smith,

Edwards & Co.—the consumption of American cotton on

the Continent in 1871 and 1872. In the absence of clear

' and definite data from which a certainty as to the maximumof consumption can be reached, like those we have from

England, we prefer accepting the conclusions of M. Ott-

Trumpler before cited, supported as they are by the con-

tinental statistics of Messrs. Stolterfoht, Sons & Co., of

Liverpool, so far as these latter can be applied.

Yet, for the satisfaction of our correspondents, we present

the following statement as approximating the actual as

nearly as the data at hand will permit, starting from Jan.

1, 1871, with

stock In the Continental ports—American cotton (bales) 44,00

Total imports of do. direct and Indirect, 1871 1,167,000

Total ImportB of do. direct and indirect, 1872 764,000

Total supply two years 1,976,000

Dedncttona —For rcplenisliing in 1871 the mills "rnn out" during the war,with worlting etoclt, and for fllling up new mills since 100,000

Stock iu the ports at the end of 1872 94,000

Proportion of American cotton in the spinners' surplus Dec.81. 187S -total surplus 150.000 bales—three-anarters Am-grican 112,000 806,000

Leaving consumption for 1871 and 1872 1,669,000

an average of 834,500 per year.

The " imports" above employed are taken from a leading

Liverpool authority, who states them in larger quantity

than any other of the statisticians. Reduced to conformity

with the above letter, the two years consumption of Ameri^

can cotton would fall below 1,600,000 bales.

We are aware that at Liverpool it is the habit to disre-

gard exceptional conditions, by which one year differs from

another statistically. When the object is to ascertain some-

thing so important as the actual consumption, the habit ot

following an unvarying routine sometimes misleads. Dur-

ing the Franco-German war many cotton milh were run

out of cotton ard were stopped. The "deliveries" of cot-

ton were nevertheless taken as measure ot consumption in

1870; whereas the working stock thus run out should have

been counted in the actual consumption. So, when in 1871

those mills and some new ones started up they required fill-

ing up. Tile cotton for it went out of market and into use,

but does not in any proper sense count on the " consump-

tion" wiiich expresses the quantity of raw cotton turned out

in cloths or yarns for the market. The extent of this vary-

ing element is, of necessity, estimated, and all mere estimates

are fairly subjects of criticism and objection.

CHANCES IJi THE REDEEMING AGENTS OF NATIONAL RANKS

The following are the changes in the Redeeming Agents of

National Banks approved since the 13tb inst. These

weekly changes are furnished by, and published in accordance

with an arrangement made with the Comptroller of the Currency

LOCATION. KAKX or BANK.

Maine-Bath.

California—Stockton

Kansas—Leavenworth..

Kansas-Ottawa

Vermont-Brandon

New York

—

Waverly

Kentucky—Kichmond.. .

.

Michigan—MusKegon

minoiB-Chicago

Illinois-Jacksonville..

Wisconsin

—

Burlington .

Wisconsin-Green Bay .

BKDKEIIIHS ASEKT.

ThePagadahockNa- The National Bank of the Common-j

tional Bank wealth of Boston, approved, in placeof the First National Bankof Bos-ton.

[The First NationallThe National Gold Bank and TrustGsld Bank Co., San Francisco, approved.

The Second Nat'nal The First National Bank ot New YorkBank approved in place of The National

Park Bank of New York.The First National The National Bank of the Common-Bank wealth of Boston, approved as an

additional redemption agent.The Brandon Na-lThe National Park Bankof New York

tional Bank approved. In place of The Ninth Na-tional Bank of New York.

The First National,The Hanover National Bank of NewBank.

Na-The Madisontional Bank.

The Lumberman'sNational Bank.

York, approved in place of TheNiuthNational Bank of New York.

The Importers' and Traders' NationalBank of New York, approved as anadditional redemption agent.

The First National Bank of Chicagoand The Central National Bank ofNrw York, approved.

The Union Stock The Third National Bank of New York,Yard Natu'l Bank approved as an additional redemption

agent.The First National The FourthNationalBankof St.Louis.Bank approved 1 :i place of The Importers'

and Traders' National Bank of NewYork.

The First National'The City National Bank of Chicago,Bank approved in place of The Union Na-

I tional B.ink of Chicago.The National BankjThe Manufacturers' National Bank ofof Commerce Chicago, approved in place of The

Commercial National Bank of Chi -

I cago.

NeTF National Banks.The following is a list of National Banks organized since the

13th inst., viz.

:

OfBoial No.2,083—The North Ward National Bank of Newark, N. J. Authorized capital,

$850,000 ;paid in capital. tia.OOO. Hiram M. Rhodes. President

;

Geo. Roe. Cishier. Authorized to commence business Feb.'14. 1873.

S,084—The First National Bank of Ishpeming, Mich. Authorized capital$50,000 ;

paii in capital. $.W,i 00. Robert Nelson, President;Cashier. Authorized to commence business Feb. 15, 1873.

2,085—The First National Bank of Negannee. Mich. Authorized capital. $50,-

000 : paid in capital, *50,000. Henry E. Haydon, President ; Fred.Stafford, Cashier. Authorized to commence business Feb. 15, 1872.

2,086—The Hibernla National Bank of New Orleans, La. Authorized capital,,

$500,000;paid In capital, $500,000. Patrick Irwin, President ; Jas.

J. Farltton, Cashier, Autborized to commenc* bodneM Feb. 18,

1878,

IMarch 1, 1&73.J THE CHRONICLE 283

RESERVES OP THE NITIOHIL BANKS—DECEMBER, 27, 187i.

Tablk op the State of the Lawfui. Monet Reserve of the National Banks of the Uwitkd Statu, m ahown by th«reports of their conditioa at the close of baslnees od Friday tlie 27tli day ot December, 1873.

Numberuf

State) and Tebkitobiu. Baiiki.Maine 13Kew HampHbire iiVermont 41MaBsachusetts....: 184Rbode Island BSConnecticut 80NowYork WtNewJeraey 80Pennsylvania 15TDelaware 11Maryland 19Diatrlct of ColombU 1

Virginia MWest Virginia 17North Carolina 10South Carolina 10Qeorgla 13Alabama 8Tezaa 5Arkanaas SKontncky S8Teoueasee 82Ohio 1S4Indians 8Slillnoia 114Michigan 70Wisconsin 8SIowa 74Minnesota S9Mlssoarl 29Kansas SIMebraslca 9Oregon 1California 1

NewMeiIco iColorado 6Utah 3Wyoming 1

Iilaho 1

Montana ......^ 4

Aggregate . ,. 1,711

No. ofCITIES OF REDXKPriOM. Banks.Boston SIAlbany 7Philadelphia 89Pittsburgh IBBaltimore 14Washington , 4New Orleans 9Louisville 5Cincinnati 6Cleveland 6Chicago SODetroit 3Milwaukee 4St. Louis 8

Aggregate 181NewYorkClty 80San Francisco S

* 25 per cent.

LlablliUcato bo pro-tected byreserve.

tl«,S17,4S87,»40,06710,177,698e6.0«4.970«0,9li7,80S

88,048,87778,1ft). 188»7,T.'i5,618

91,915.6188,7C8,0«94,888,8'H878,757

10,359,085

M49.1944,893,0323,850,8975,080,3588,883,8448,088,044344,808

7,758,8307,895,608

37,818,.S45

86,569,135Sl,y'K),239

13,363,4846.978,581

18,6I9,:(77

7,56.3,019

6.343,7594,143,5883,131,0381,068,884701,191

836,4678,448,1541,177,385107,108167,401814,397

$500,783,505

Liabilitiesprotected.185,778,861l^tSl.iJOe43,196,8.35

16,394,10781,143,1068,905,84410,865,8118.418.068

10.999,0956.6.W,.?3a

811,341,147

4,478,7148.898,0499,385,193

961,014,858198,661.496

3,179,008

Reserve re-quired 15

Per cent otrreserva

per cent, of Reserve toliabilities. bold. llablllUea19,078.618 $9,757,611 80

1,086,010 1,557,467 81 5l,586,<tt3 l,800,.\'i8 17 78,403,746 11,451,967 9043,145,0!« 3,318,487 18 84,807,338 7,911,549 84 7

11,784.471 15,178,506 8084,160,388 «,088,8Sfi s: 87,688,»18 9.588.868 18 7415,000 504,863 18 8613,931 1,01«,683 33 4101,814 1«0,8»4 88 I

I,65-'),863 1,887,753 17 7778,319 967,488 19 8658,955 048,608 31 5547,604 698,017 19 1

768,053 1,587,548 31 3348,609 645,419 88 3805,707 707,338 34 751,646 69,6a3 17 3

1,168,985 1,511,881 19 51,109,345 l,4.'iH,48'J 19 45,649,751 7,185,701 19 1

3,985,870 4,970,491 18 78,899,.M6 4,448,544 80 38,005,864 8,660,385 19 91,046,787 1,537,415 831,839,907 8,517,836 19 91.1.34,453 1,479,858 19 6951,564 1,882,;)64 19 3698,879 783,007 18 9469,655 619,017 19 5

180,3.'J3 347,440 39 5106,698 830,471 39 760,470 64,382 16 3

887,82 713,030 89 1

176,608 804,180 17 316,066 33,387 31 1

25.110 31,157 18 6191,160 803,093 34 9

$75,10^,596

Reserverequired.$21,444,590

2,937,89719,048,8094,098,5275,988,978786,461

8,566,39S604,514

8,749,7741,664,8336,685,9871,119,878884,519

8,346.898

$108,033,935 80 4

Reserve Per centheld liabilities.

$92,900,691 25 94.217,247

1.3,187-,278

4,147,7336,89.3,813

495,3632,54.1,690

582,7573,365,6851,8I7,3;88,151,3121,344,369968,196

3,653,338

Specie.$4«,9.'IS

4,437St,861

1*9,88847,869130,601164,7»498,718•5,1903,951

37,8-iO

3,91669,47911,48835,7448,503

61,01930.449

SI8,6<'i

87710,75840,13851,96739,84494,33153,03187,53539,64186,35688,8966,8666,77369,784199,806

.3)19

04,3397,345195

9.6345,608

$1,978,383

Funds available for R«Mrr*.Cbarlng 8 per U.S. cwU-

Legal HouM cmtcar- toitwortendera. certlflcatee. tllicate*.$1,108,819

618.517740,983

4,991.7831,484,8183,457,IM6,578,3503,306,383

4,688,883340,338437,31514SO0O988.849451,30581S.S71368,837448,813810 647847.73738,305665.735841.347

3,811,8848,7n,4998,113,5371,346,878731,317

1,438,878888,018811,886898,858S87.35870,58730,66543 007343,8681<»,09380,99781,528105,600

10,000

isioao15,00010,000aisoaoSD,M»

dopoalL

t,noo30.000116,00)

30,000

130,00S

10,000

Da* froairsdaMtlDg(•a la.

tSmjM•.«MOIMil.S(«MoaiMMI«,4U

M,n4•H,OU4a,«nn»,(34»M,71MS78.8914t»,715

I,0r,7l8

•0,361•18,344UI,M«

•.4M.1MI.WLOIS

1,381,4817W,«as

1,0403177«l,Mt4

tl7,8n•07,133

u'tM•08,43108,78813,135

n.815

35 987 485 387 51784 884 1

30 68T 380 9SO99 388 3

65,0(3,714 71,496,74849,66.5,856 50,969,991

794,758 670,154

87 585 781 1

Specie.$1,5.3.5.751

7,633309,18445,116175,86511.041

355,5172,81113,737

: 19,601184,794

3864,247

48,093

8,688,55913,778,031

688,364

$43,888,898

Funds avallablLegal tend. C.U. cert 8

$10,361,149933.771

5,513,7783,118,9063,873,013898,065

1,106,6703.38.900

1,380,000940,000

5,i«7,3IO

608,530'531.68a1.183,980

33.804,73734,451,960

41,790

$445,00060,000

1,745,000

96'66b

$185,000 $.350,000 $5t,3>l,68

e for reserve ,

p. c. cerl. D.S.cdep.DaefroioR.A,$150,000

lU.OOO350.000

$470,000565.000

1,330,000

3,335,000

'30^000 336,000

'

85,d6660,000

4 6^oao810,000

3.0*6.000•,306;000

•»,«8,7983.«aO,7804.aai.8i«1.983.7113.080,466I8«,3M

I.03l.4>3

»M,se6t.vn,M88W,7«7

3.704,3481S2,6M4M.S13

l.431,3«3

Catest JlIoiietarQ anb Commercial (Snglisl) UStms.

RATKSOF BXOHANGB AT LONDON, AND ON LONbONAT LATEST DATB8.

KXCHANOE AT LONDON-FEBRUARY 14.

OH— TIKI. BAT«.

Amsterdam . .

.

short. 11.19;i@12. OJiAntwerp 3 months. 96.67Xa26.72XHamburg 20.60 m>.Paris short.

8 months.85.45 ^26.55S6.88«S25.87XParis

Vienna 11.12>i5!1.17XBerlin 6.95 m.-X>)iFrankfort .... I19\&:80St. Petersburg

48Sl48X583fl»58K

Cadiz90diys.Lisbon

Milan 1

Genoa. V 3 months. 98.80 ®38.86Naoles... (

New York.... •• • •

Rio de JaneiroBahlaPernambuco .

.

Buenos^ yres.Singapore 80 days. 4«. 6<f.Hong Kong... 4j. 5<f.

ShanghaiCeylonBombay 60 days. 1«. lOJi-Madras 1«. lOX-Calcutta ... 1». lOX-Sydney 1 p. c dis.

EXCHANQK ON LONDON.

LATESTDATE.

Feb. U.

Feb. 14.

Jan. 88.

Jan. 87-Jan. 39.

Jan. 14.

Feb."7

Feb. 18

Feb.' 7.

short.

3mo8.short

SmOB.

3mos.

80 days.90 days.

SmoB.

8mos.

8mos.

13. 885.3613. 936.47

109! 16

«.81Ji'

and this accoaots (or the large increase of £3,412,990 in "oil*securities," and of £2,132,924 in "other deposits." The demandhas evidently been therefore of a precautionary character.

Although the proportion ot reserve to liabilities has decUnad to

45f per cent, the, Directors of the Bank have not altered tDair

minimum, and there is no reason why they shoald have done so

The reserve is imple, the stock of bullion is very large, while

trade, owing to the dearness of coal, seems likely to be on a

much less extensive scale. The daily tranaactioos. as shown by

the Clearing House returns, are nevertheless large, the total

clearings for the week ending Wednesday evening being £108,.

686,000, or nearly £10,000,000 more than in the corresponding

week of last year. The following are the prices of money

:

Per cent.

3X

8««88 it

VJfi

&t. lldlii)i<l-

U. 11 6-16d.

u.ui-ita.

LFrom oar own correspondent. I

London, Saturday, February 15, 1873.

The money market has continued very firm, and in the open

market no accommodation has been obtainable under the bank

rate of 3^ per cent. As the bank holds, and will continue to

hold, so large an amount of the public money, it is evident that

the chief discount business will be at that estaolishment, and the

return published this week shows the applications for discount

have been on a very extensive scale. The mercantile community

were apprehensive of an advance in the bank rate on^Thnrsday,

Bank rateOpen-market rates

:

30and80d.irs'blllB.8 mouths' btlla SHU-

Far ecBC.4 months' bank bills t\e( months' bank bills 44 and 6 montha' trad* bills. 4 A4S'

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

count houses for deposits are aa follows :

Percent.Joint stock banks inDiscount houses at call t>tDiscount houaes with 7 days' notice .•.•••< 3XDiscount houses with 14 days' notice... 8

In the bullion market the chief feature haa been a withdrawal

from the Bank of £385,000 in bar gold for Qermany, and of

£200,000 in sovereigns for Japan. Silver is in short supply and

is firmer in price, and old Mexican dollars are scarce and dear.

The following prices of bullion are from the circular of Measra,

Piiley, Abell, Langley & Blake :

SOLD.Bar Gold per oi. sundard, last price

Bar Gold, fine per oz standard, do.Bai;Gnld, Rcflnable per oc. standard, do.South .^mi'ricau Doubloons per o«.

United States Gold Coin peroz.

aiLTIR.s. d. a

Bar Silver, Fine per oz, sUndard, nearest. . 4 IIX®Bar Silver, containing 5 gra.Gold, .per oz. eundard, last priceO 0X9'Fine Cake Silver peroz. no price

Mexican Dollars per oz., last price, new, 4 10;i old, 5 1

Five Franc Pieces peroz.. none here & ..

s. d.a. d.77 9M77 9X977 IIKS ....

73 9 S 7476 I iltift

d.

284 'THE CHRONICLE. [March 1, 1873.

In the Stock Exchange there bas been a dull tone. British

railway shares have declined heavily, it being apprehended that

the high price of coal will materially diminish the net profits,

and consequently the dividends. Some, however, are of opinion

that the companies will be compelled to meet the diflBculty by

raising their fares, and it is certainly difficult to see how such a

course can be avoided. House coals of the best quality are nowdelivered at our houses only for the enormous price of 52s. T>er ton.

In former winters, and even in severe ones, the price has not been

higher than 36s. or 28s., so that the price is doubled. Amongst

foreign stocks the chiefmovement has been in Spanish stock,which

on the announcement that the King of Spain had abdicated, de.

clined to 24^^, from which point there has been a recovery to 35|@

85^. The United States Funded loan has not attracted much atten-

tion, chiefly for the reason that, like in consols, there are not suffi-

cient fluctuations In it to admit of Stock Exchange speculation.

The operations m it are naturally for investments of a permanent

character. The price is about par. The following were the

closing prices this afternoon of consols and the leading American

securitie

Consols 92Ji® 92>tfUnited States6percent5-S» bonds, ex 4-6 n%& ^\%

do Sdaeries SIX® 91?ido 1865i88ue 9i%@ m%do 1867i8eae 93>i@ 933ido 6 per cent. 10-40 bonds, ei4-6 xI89Ji© 89Jido 6 per cent Funded Loan, 1871, ex 4-6 90X® 9UX

Atlantic and Gt West., 8per cent. Debent's, Bischoffshcto's ctfs.. 50 ® 52Ditto Consolidated Bonds, 7 per cent.,Bi8choff8heim's certlflsates. 35)^® Sf>XDitto Ist Mortgage, 7 per cent bonds 76X® 77XDitto 2d Mortgage, 7 per cent bonds 68>i@ 69>iDitto 8d Mortgage 29)i@ BOXErie Shares, ex 4-6 61H& 6'>iDitto 6 percent. Convertible Bonds 93 @ 99Ditto 7 per cent Consolidated Morjgage Bonds 96 ® 97Illinois Central Shares, $100 pd., ex 4-8 95 @ 96Illinois and St. Louis Bridge, Ist mort 99 @100Louisiana 6 per cent. Levee Bonds 40 @ 45Mas.sacliusetts 5 percent, sterling bds, 1900 92 ©94New Jersey United Canal and Rail bds 102 @104Panama Gen. Mort. 7 per cent, bonds, 1897 94 @ 96Pennsylvania Gen. Mort. per ct. bds, 1910 96 ©97Virginia 6 per cent, bonds, ex 4-6 41 ©43

The following statement shows the present position of the Bankof England, the Bank rate of discount, the price of Consols,

the average quotation for English Wheat, the price of MiddlingUpland Cotton, of No. 40 Mule Yarn fair second qualiij

,

and the Bankers' Clearing House return compared with the

four previous years :

1869. 1870. 1871. 1872. 1873.Clrcnlation, Including £ £ £ £ £bank post bills 23,631,464 22,998,804 23,935,801 25,023,424 25,281,094

Public deposits 4,6S1,015 9,391,155 7,740,546 9,309,021 18,075,085Other deposits 17,947.895 16,542,939 18,930,072 20,610,150 19,597,493Government securities, 14,076,5.37 14.83:,314 li,915,011 13,995,444 13,287,688Other securities 16,663,293 17,783,22-3 18,728,766 20,031,.544 22,737,892Reserve of notes andcoin 10,317,015 12,224,668 18,669,025 14,240,020 15,122,901

Coin and bullion inboth departments.... 18,470,930 19,765,333 21,885,090 23,878,355 25,005,746

Bank rate 3 p. c. 3 p. c. 2X p. c. 3 p. c. 3X p. c.

Consols 93d. 92%d. 92>id. 92Kd 92}<d.Price of wheat 50s. 9d. 41s. 9d. 53s. 7d. 56s. 4d. 56s. 2d.Mid. Upland cotton .. 11 5-16d. UKd. 7>tfd. llKd. 915-16d.*No.40 mule yarn fair 2d

quality Is. .".d. 1». 35id. Is. 0%d. Is. 4d. Is. 3d,»Clearing House return. 83,008,000 85,960,000 90,716,000 94,132,000 103,686,000

*Price, Feb. 6.

The dearness of coal is obviously calculated to injure our com.mercial position, and to diminish our trade. The cause of it is

not that our coal fields are exhausted ; but that the output is

greatly diminished by the idleness of the men. The men are

such enemies to themselves, or perhaps the Union is such anenemy to them, that the would-be industrious miner is prevented

by the laws he is compelled to be bound to, for the sake of peace

from reaping the reward of his industry. The men now earn

very much the same as they did before, work shorter time, pro

duce less, and spend many hours in idleness and in drinking

The man, therefore, of industrious habits is unable to work the

full week to earn as much as he can, and make a provision for the

future, which a miner is quite capable of doing. He makes,therefore, no moral advance, and the result is that not only does

he not improve, but that money and drink make him worse. Mr.Disraeli, on the first night of Parliament, in discussing the pay-

ment due under the Geneva arbitration, remarked on the elasticity

of the revenue, and repeated an observation made to him in

private that we had drank ourselves out of the American diffi-

culty. Such is indeed the case, the increase in the revenue re-

ceipts being entirely due to an additional amount of £3,000,000^

received from the excise duties. The miner has evidently con-

tributed his share to the award.

Not only have the furnaces been blown out in South Walesin which district there is, however, a desire on the part of themen to return to work, but it has been announced within the lastfew hours that as many as three hundred furnaces will shareimmediately the same fate in the north of England. The

cause of this is the high price of coal. There is no doubt that

our industries are being serion.sly interfered with, and by manythe future is viewed with grave anxiety. Tliere is, indeed, too

much reason to fear that 1873 will be a year of severe trial to

many of us, and especially to those branches of trade in whichsteam power on an extensive scale is indispensable.

The public sales of Colonial wool were commenced on Thurs-

day. The quantities arrived amount to 11,756 bales from NewSouih Wales and Queensland; 65,111. Victoria ; 230, Tasmania;

30,538, South Australia ; 1,187, Western Australia ; 3,679, NewZealand ; and 31,923 bales from the Cape, making a total of 133,413

bales. The sales hav« opened at lower prices, Australian woobeing Id to IJd per pound cheaper than in November last. Very

little is doing for the Continent, the home trade taking by far the

larger proportion.

We have had a week of dry and rather cold weather, but with

out frost of any severity. The land is daily improving, and

agricultural work is making rapid progress. It seems to be

probable that a large area of land will be planted with barley

this season, the wetness of the autumn having- prevented the

usual quantity of wheat being sown. There i.s nothing fresh to

report in the wheat trade. Good and fine qualities command a

steady sale for immediate consumption, and full prices are ob-

tained. The continental markets are also without important

change, the price of the best wheat being well supported. !^'.^The following statement shows the imports and exports of

cereal produce into and from the United Kingdom since harvest,

viz., from September 1 to the close of last week, compared with

the corresponding periods in the three previous years

:

IMPORTS.1872-73. 1871-72. 1870-71. 1869-70.

Wheat cwt. 23,869,198 21,108.636 15,727,639 22.824,236Barley 8,361,801 6,416,991 3,804,082 3,863,481

Oats 4,665.42; 4,319,128 4,077,'J3a 6,42a,862

Peas 684,357 436,650 391,237 722,055

Beans 1,170,526 1,689,947 739,687 962,671

Indian Corn 10,515.030 9,163,033 7,894,919 10,072,275

Flour 3,220,987 1,691,924 2,190,589 3,46li,009

EXPORTS.Wheat cwt, 110,900 1,892,022 1,233,237 126,710

Barley 6,739 11,112 26,740 11,510

Oats 27,637 62,436 524,268 42,576Peas 4,088 5,193 30,316 7,119Beans 732 1,764 5,533 1,167

Indian Corn 14,873 18,398 40,729 7,874

Flour 11,114 35.197 599,847 8,437

The RaUway Neios is informed that one cause of the delay in

carrying out the scheme of amalgamation of the Atlantic cables

is the difficulty of dealing with the owners of the New York and

Newfoundland lines. That company, holding the key of the

position, and possessing the only means by which the messages

of the Anglo-American and French cables can be forwarded to

and from the United States and Canada, has put forward claims

to be regarded, not merely upon a footing of equality with the

cable companies in any arrangement of this kind, but upon still

more favorable terms. They allege that the land lines of the

company are now in such a thoroughly sound condition that any

accidents or casualties tliat may occur upon them may be readily

and economically remedied, and that their contracts and agree-

ments with the Western Union and other American lines are

points of so much value that they are fairly justified in insisting

in being taken into the federation upon better terms than the

other two companies. Another important argument which is put

forward is that the land grants in Newfoundland held by the

company, and comprising several millions of excellent and im-

proving lands, should be taken into account.

Euell'b market Reports—Per Cable.

The dnily closing quotations in the markets of London and Liver-

poolforfhe past week have been reported by submarine telegraph,

as shown in the following summary

:

London Money and Stock Market.—American securities close

at an advance on the prices of a week ago.

The bullion in the Bank of England has decreased £54,000

during the past week.

Sat. Mon. Tnes. Wed. Thnr. FrliConsols for money 92»i 92^' 92K 92?i 32>i 92 ?i

•' account 92 »i 92^ 92?^ 92?i lifi 92XU. S.63(5-20s,)1865,old.. 92Ji 93X 93X 93% 93J< 98)i

1867 93X 93% 93}i 93« 93K 98JiU.S. 10-408 mn 89X sox mn S9x sbhNew 6a 90« 90)f 90H 90"^ 90>rf OO^i

The daily quotations for United States 6s (1862) at Frank.

fort were

:

Frankfort 96% .... 95Ji 9ifi .... 96H

Liverpool Gotton Markit.—See special report of cotton.

Liverpool Breadstu;ffs Market.—This market closes dull

a t declining prices.

March 1, 1873.1 THE CHKOKICLE. 280^

8st. Hon. Ta«i. Wed. Thar. Frl*_, „ «. d. ». d. •. d. •. d. •. d. . dFlour (Western) * bbl !I9 (I »9» Wo »90 288 »80Whoiit(RedW'n. »pr)..Vctl n « 11 6 '

11 4 11 4 II 4 11 a" (Bed Winter) " 18 4 H 4 13 4 IS 4 US 1) t" (Cal. White club) " 12 12 e 13 8 U C It 6 13 4

Corn (West, m'd) f) quarter rt H 37 8 370 370 370 noBarlCT(Canadian)....Wbneh 86 88 88 86 86 88OatB(Ain.<feCan.)....Vba«h S3 83 83 8« 83 83Peaa (Canadian}...!) Quarter 39 39 39 89 88 89

Liverpool Provmontbacon has advanced la.

Market.—Pork has declined 3s. Od., and

Beef (Pr. mess) new If tee..

Pork (Pr. mess) new Wbb!.Bacon (Cum. cut) newy cwtLard (AmiTlcan) ... "Cheese(Amer'nflne) "

Bat.s. d.86vr 68487 971

Mon.B. d.8.5

57 63437 971

Tae«'s. d.HS87 63437 971

Wed.e. d.es57 68487 971

Thur.d.

HS58as8771

Frla. d.88853587 971

National Thsabury.—Tub lollowlngroniupreMntkmmmmrTof certain weekly traniactlons at the NatJonml Treaaory.1.—Securities held by the U. 8. Treasurer In trort tor Matlon*

banks and balance in the Treasury

:

Week For•sdlDff Circulation.Aprils.. 874,866.450April 18. 878,313.460April 30. 878,863,480A|>rU|n. 876,691,960

For U. 8.Depoelts. Total.16,660,000 890,506,46016,409,000 890,631,4601II,BO»,000 891,171,46016,660,1

» , . -_ Oel«««r-^Bal. la Treararf.-, ttlca<M.1

Colo. OuTOMT. oatar^r*.ltl,W3,8M t,tujn l|.ir~134.0«4,191 t,l6t,t81 i^l138,181,808 T,BM.««I139,6. ,tM *,ul^,^u

Is.

Liverpool Produce Market.—Spirits turpentine has declined

Hat.B. d.

Raaln(com. N. 0.). ..^cwt. 9" fine " l«

Petrolenm(reflned) *eal 1

(spirits) f'1

Tallow(American)...!) cwt. 43Cioveraeod (Am. red) 46Spirits turpentine. ..ip cwt. 4J

Mon.s. d.

R 9 « !)

16 168 1 H 1

5« 1 5)i 1

(1 4:< U 434fi 4649 49

Tuei.s. d.

6

8l>!4

Wed.B. d.

»

8

6X

Thnr.d.

6

fl

5«

Frl.a. d.

London Produce and Oil Markets.—liinseed cake has advanced Ss., and Calcutta linseed 6d.

Sat. Mon. Tuce.> £ a. d. £ B. d. £ s. d.

Lin8'ac'l<e(obl).<^ tn 10 10 10LlBseed (Calcutta) 65 65 65Sagar(No.l2D'oliBtd)onapot, 9cwt 33 33

Sperm oil S ton 94 94Whaleoll " 40 10 40 10LlnBaedoU.. .. " 33 10 33 10

38(14

40 1033 10

Wed.£ s. d.1065

339140 10

83 10

Thur.£ 8. d.

10 685 8

.33

9440 10

38 10

Frl.fi s.d.10 5

65 6

9440 1033 10

COMMERCIAL AND MISCBLLANKOUS NEWS.

Imports and Exports for the Webk.—The imports thisweek show an increase in dry goods and a decrease in general mer-chandise. The total imports amount to f;9,983,.515 tliis week,against f 11,364,368 last week, and !!;,'),929,843 the previous week!•The exports are $5,024,810 this week, ajrainst $5,641,.326 lastweek, and |5,357,750 the previous week. The exports of cottonthe! past week i.were ' 9,021 bales, against 9,278 bales last week.The following are the imports at New York for week ending(for dry goods) Feb. 20, and for the week ending (for generalmerchandise) Feb. 21 :

rOREISN tXPORTS AT NSW TORK FOB TBI WBBX.1870.

Dry (foods t1,!lft3,573

2,083,826

•4,075.39931,405,019

1871.$3,405,9W4.629,654

|8U):35.65340,816,851

1873.$3,183,0054,896,359

t8,038,3641 54,309,938

1873.$5,281,7554,701,760

$9,963,61559,979,881

$35,280,418 $43,252,501 $62,338,202 $09,962,898

General merchandise.

Total for tlie woclc.Previously reported

Since Jan. 1

In our report of the dry goods trade will be found the imports ofdry 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 endingFeb. 25

:

XZPOBTg FBOX KBW TORK rOR THB WBBE.1870.

878,410,300873,768.700880,400,700380,430,300381,108,900881,874,760881,984,300883,884.300863,876,300381,974,300881.889,300883,083,300883,898,300383.869,800

Sept. 21.. 388,448,700Sept. 38.. 888,831,300Oct. 5.... 384,069,900Oct. 13.. 384,475,900Oct. 19.. 884,460.900Oct. 36.. 884.833,900Not. 3.. S84,<I88,900

Not. 9.. 385,S77,4C0

Not. 16.. 885,377,400

•7.888,766•,719,t8l86,883,166

,000 8ML360 96b*T*.. 876,984,960 16;619,000 393,468,960

M*)'>> 803.816.900 108.8t8,6e« l«.«O3.10O 36.«MaylS.. 877.668,a>0 15,653,000 838,110,300 100,618.840 13,0I9.M3 36.«nw6«0

877,749,300 11^,668,000 tStMl.tM 97',1S7,1M 7.644,(n aMU.1M878,841.300 160)68,000 ai8,a(8>0 .. .

'•°^«

«-w.w.t».

879,148,300 16,733,000 M4;an:3M16,733.000 stMsCaool\733,0a0 888,430,70016.790,000 896.190,70016,808.000 S9S.338J0016.869,000 «98,g«T,90016,869,000 897.388,78016,708,000 897,8(8.80015,759,000 888.608.30016.767,000 878,sa,300 73,088,40716,757,000 897,781.300 71.804.83116.806.000 897,194,300 78,818,60416,798.000 897,836.300 V

898.188,300 73.991,330 8,a83.8>« •T,8M,I88898,843,800

May 36.

June 1..

June 8..Janets,.June 33 .

Juno 39 .

July 6..July 13..July 30..July 37..Auf;;. 8..

Aag. 10.Aug. 17.

Auk. 31.

Aug. 31

.

Sept. 7.Sept. 14

71,8»«,841

(8,(19.818

6.687,7388.438.7378.077,861

(.IMJIO11,4>MH

7.308,1«,W,Mrr

84.1(8.(08Mjmjtat

::8.tit,K8(1,(((3Q8

(8.487.MB10,190.36038,1(8,788

l\7BS.0OO15,778,000

1N793,00018,793,00015,748,00015,748.0001\74S,00016,798,00015,748.00015,708,00015.703,000

899,386,700899,614,300S((,8I3.900400,318.900400,198.900400.035.900400.781.900400,980,400401,080.400

76,001.44477,874.188

'76,'6eV,4n

76,907,6(8

6,007,1774.181,:

—

,303 36.((4.ea0

6,118,741

4,9(6,30084.884.00084,461.300

Not. 33.. 385,568,400 15,6«l,000 401,361,400 ii,...,<iu.Nov. 30.. 385.853.400 15,693.600 401,646,400 I

nee. 7.. 888(035,960 16.693,000 401,718.960 69^8.688Dec. 14.. 386,045,450 18.608.600 403,864,060

16M8.000 401.896.00015,688,000 401,898,80016,503,000 401,766,80015,534,000 401.849,80018.589,000 403.138.60016,634.000 403,338,40015,635.000 401*78.80015,636 000 409,478,80016,860,000 403,7*3,500

78.184.613 9,788.«18 81,77(,00073.997,M8 8,6*1,1(6 «1J64.000ll.mjMt 8,(69,(84 (O.K(,000

Dec. 21.. 386,828,000'C,28.. 386,855.300n>jlt'U.8««.ta3,300n. 11.. 8!««,315,800

.Tan. IS.. 386,536.600Jan. 25.. 3f)6. 601,400Feb. 1 . . . W6,640,800Feb. 8.. 386 838,800Feb. 15.. 387,063,600Feb.23

70,068.36869.881 .MM74.301.001

M.()4V.S6t64.888.061

64,7W,76*

£4.008.98164.816.378867133,073

6.8*3.6117

6,3W,4464,187.0636,780.900

°a,699iMS8,784,8078,a71.S((

4,'8H,9(e6.1*4,483

*.S*(.816

1*.(1*.600».148,10(19.M*0OO3S.710,a(0

at.tmjuoKW.aoa

((,*((,coo

2.—National bank currency in circulation ; fractional cnrreBcyreceived from the Currency Burenn by U. S. Treasurer, and dis-

tributed weekly ; also the amount of legal tenders distributed

:

WeekendingApril 6April 13 ,

April 20April 27 883,67^aB7W&y 4 888.771,(17

Note* In .-Fractional C^inency.-. Lag. Ten.Circalatloii Reealyad. DI>trlbol«d. DUtrlb'd.338,761,833883,(99.693888,389.819

For llio week $3,624.(128Previously reported. . .. 21,592,901

1871.$4,469,19233,008,091

1872.$5,075,11332,612,231

1873.$5,024,81034,022,2.57

Since Jan. I

.

$27,117,829 $39,477,283 $37,587,344 $39,017,067

The following will show the exports of specie from the port ofNew York for the week ending Feb. 22, 1873, and since thebeginning of the year, with a comparison for the correspondingdate in previous years :

Feb. Paris,Feb. 18—St Java, Liverpool-Silver bars $198,557Mexican silver dollars 26,000

Feb 20-SU-. Henry Chann-ccy, Guayaquil—

Silvercoin 90,698Feb. 20—St. Hammonla, Ham-

burg—Basebnlllon 62,728For London—

SUverbars 46,111ToUl for the weeK $733,

Previously reported 9,804,904

22-Str. City ofLiverpool

—

Silver bars $132,000Feb. 22—Str. Bremen, South-

ampton—Mexican gold 4,008Mexican silver dollars 6;400

Feb. 22—Str. Celtic, Llverp'l—Silver bars 133,778Ooldbara 84.000

Totalsince Jan. 1,1873 $10,638,087

910.100448 500

3,788,600611.600

1,045,100786,800

tlWO

1,078.0(061(.(00674.900

1.079.000746.(00704.400736,000858,(008H,0(08>Moe88L8n8608.8(0TSLOOe

(31,1001,140,80888I.00S•M.W

I.M8.((e8(1.(00

(.(•8.000

86ikno

480,000801.(00

1088100078,000

Same time in}ff»-.. $2,131,9791871 6,171.2741870 4,873,6421869 5,362,493

Same time1868 |.... $10,109,1151887 4,508.8991868 4,326.099

1866 4,066.521

The imports of specie at this port during the past week havebeen as follows

:

GoldFeb. 19—Str. Rising Star, Aa-

pinwall

—

Silver(Sold

$404

1,205600

Feb. 17-Str. City of Merida,Havana

—

Silver $42,907Feb. 17- Str. Clarlbel, Sava-

ntlla—SllTer 1,376

ToUl for the week $46,651Previously reported 147,24<

Total since January 1, 1873 $193,793Bame tune la Same Ume la1872 $258,89811889 $3,021,610

1871 419,784 1868 542,587

1870 8,061,670 1887 363,603

Mayll 884,000,803May 18 884,834,948May25. 884,467,833 __..„ ..--_-,June 1 384,984,913 318.000 398.000 >k*n,0(8Junes 88^48t,477Junel5 885.748,997June22 315,908,317June 29 , »6,180,61»July 6 888,119,87*July 13 888,*74.TI9July20 886,556,092

July 27 .. 887,074,667Aug. 3 887.685.913Aug. 10 ,. W7,S96,477Aug. 17 '. .. 838,191,387

Ang.24 888,680,037Aug.31Sept. 7 889,077.979

Sept. 14 889,408,084

9ept.21 830,869,083

9ept.28. 889.978,185

Oct.5 340.408.665

Oct. 12 840,113,973

Oct. 19 840,690,8*7

Oct. 26 848,8101,190

Not. 2 840.940,82Nov. 9 841.068.8(8

Not. 16 84l,*8*,188

Nov. 23 341.501,896

Nov. 30 343,038,811

Dee. 7 »»9.114,116

Dec. 14 342,35.3,665

Dec. 21 .342,480.056

Dec. 28 842,5*6,936

Jan. 4 S4*,87«,87*

Jan. 11 tftS-SSJan. 18 iJfSS-SSJan.*5 848,180,984

Feb. 1 848 388.474

Feb 8 . . .»«."<.»"

Feb! is;.;;: .::... 84a,8s*,739

Feb.2S

—We have received from Messrs. R. G. Dun & Co. tli»'«; "le

brated Mercantile Agency Reference Book for 1878, which wr

presume has been compUed with more labor and expense eve^

than its predecessors Issued by the same 6rm. Meests. K. «• i'J^

& Co. have branches of their house in many of the le^ing «tiM

of the United States and Canada, and. so far as we «»^' Vt,facilities for obtaining correct information are not e^«f<*f° °Jany other firm. This book has obtained a wide "P°«*>,'°°' "^this year in particular we should 9upiK>se '» *»"'',)>•

^7"™''

J

received on amount ot the wonderful energy and •»"'' J-«°°'" '"

getting it out so soon after the disastrous Centre street firejbich

in December destroyed the first edition, then already printed.

-Attention is directed to the card of «'• ^'"^V" ^.f!;?S^"

.

87 Pearl street, who makes advance, on cotton "d oAer prince

consigned to the well-known firms of C. H. Marshall « Co., or

Fred Hnth & Co., Liverpool

587,300984.000880.000lOl.tOO880.800600.000840.800819.308318.000

1.686.000310.400837.3008*9.600916.000

1.078,4001.115.4001.016.800684,400488,300366,800198,0(0300,300483.800577.(00640,800

449,(001,161,300857.600788,000

1,13(,«001,008,7881,1M,80096a.400338,000

1,371,3001.447,6001,310,000609,600087,800968.(08804,800

477,600410,000

575,600566,3(0(84,000

3,838.000848.M0•mjm

(03.400841,600

1,068,800398.000

1.006.000634.000910,000433,800984.300883.0007*8,300787,000410,400880,900566,80081*.4'>0

701.400808,000

.8.(48.0(81.088.100

(6^on018,((8(01,(00(08,4008(a.«oo

60^000M(,008

tmjmi,Tn,((81.8I8M81,1(U(81(8,0(0•48.188

118.M(

evenn

2tt6 THE CHRONICLH [March 1, 1873.

BANKING AND FINANCIAL.

BANKING OFFICE OF PISK & HATCH,

5 NASSAtr Stbbet.

New York, Feb. 21, 1873.

The CHESAPEAKE and OHIO, the CENTRAL PACIFIC and

WESTERN PACIFIC BONDS, all of which have been negotiated

by us, we believe to be among the best and most desirable Invest

ment Securities in the market, which in time must become very

scarce; especially as the Governmenc will probablypay off, in

gold, $300,000,000 more FiveTwentiks during the year, and a

large amount of money thus released from investment must find

its way into this class of securities.

The CHESAPEAKE AND OHIO SIX PER CENT. GOLDBONDS, the total amount of which is only $15,000,000, are

secured upon a property worth $So,000,000 to $40,000,000, and

are fully equal in intrinsic value to the Central Pacific Bonds.

They are issued in denominations of $100, $500 and $1,000, cou-

pon or registered, and at their present market price, 87^^ and ac-

crued interest, are very desirable.

The CENTRAL PACIFIC SIX PER CENT. GOLD BONDSare too well known to require description or commendation.

Their total amount is $35,885,000 ; they have for a long time

ranged in market price near or above par. Tlieir market price

to-day is ]04@104}.

The WESTERN PACIFIC SIX PER CENT. GOLD BONDSamount to $3,735,000. This road is now consolidated with the

Central Pacific, and the payment of its bonds, principal and

interest, is assumed by the latter. As they have recently

been introduced on the Stock Exchange, we eipect to Bee

tliem rapidly rise to the price of Central Pacifics, being

substantially the same in character and value. Coupon Bonds,

|1,000 each. Their market price to-day is 94f@95.We buy and sell, as usual. Government Bonds, receive deposits,

on which we allow interest, make collections, and conduct a gen-

eral banking busineis in all its branches.FISK & HATCH.

TO INVESTORS.To those who wsih to REINVEST COUPONS OR DIVI-

DENDS, and those who viish to INCREASE THEIR INCOMEfrom means already invested in other less profitable securities

we recommend tlie Seven-Thirty Gold Bonds of tlie Northern

Pacific Railroad Company as wtU secured and unusually produclive.

The bonds are always convertible at Ten per cent, premium(1.10) into the Company's Lands, at Market Prices, The rate of

interest (seven and three-tenths per cent, gold) is equal now to

about 8 1-1 currency—yielding an income more than one-third

greater than U. S. 5-20§. Gold Checks for the semi-annual

interest on the Registered Bonds are mailed to the post ofiice

address of the owner. All marketable stocks and bonds are

received in exchange for Northern Pacifics ON MOST FAVORA.BLE TERMS.

JAT COOKE & CO.,

New York, Philadelphia and Washington.

Banking House of Hbnr? Clews & Co.,)32 Wall street. N. Y. f

Deposit accounts of Mercantile firms and Individuals received ;

all facilities and accommodations granted usual with Oity Banks .

in additiim thereto 4 per cent interest allowed on all daily balances

Bills of Exchange drawn on England, Ireland Scotland and the

Continent ; Travelers' and Mercantile Credit issued available

throuohout the world.

1®^ THE EIGHT PER CENT (quarterly interest) First Mort-

gage Gold Bonds of the Logansport, Crawfordsville & Southwestern Railway of Indiana, offered for sale by Messrs. JONES& SCHUYLER, No. 13 Pine street, yield the largest income of

any first-class Railway Security oo the market.

RAILROAD BONDS.write to

-Whether you wish to BUY m SELL,

HASSLER & CO.,

No. 7 Wall Btreet, New York.

Friday Evenino, Fob. 28, 1813ine money Market._Tbo market has shown no abatementOf the, stringency noticed last week, and rate,3 in exceptional

caoes have reached the extraordinary figure of i per cent a dayin addition to 7 per cent interest, this being at the rate of about98 per cent per annum. The bulk of business during the weekhas been done within the range of 7 percent gold to 1-32. or 1-16

per day and interest, while government bond dealers have beenaccommodited in some cases at 7 per cent currency. We noticedlast week the principal causes of the present monetary stringency,and in addition to those then referred to is now added the proba-bility that the National Banks will be called upon by the Co.np-troUer for a statement of their condition, and the necessity ontheir part to prepare for it by contracting their loans. To-daycall loans were 7 per cent to government dealers, and 1-33 @ 1-lS

per day to stock brokers in the morning, and 7@7 gold in the after-

noon. This was better than the previous day, and there was amore hopeful feeling on the street with a prevailing impressionthat the worst of the pressure had passed by.

Commercial paper is not quoted much higher than last week,but business is almost entirely checked by the indisposition to

buy under existing circumstances.Cable advices from London report an easy market; the bank

loses £54,000 in bullion and the discount rate remains unchangedat 3i. The Bank of France gains in specie this week 3,350,000

francs. The last statement of our city banks we gave on FridayFeb. 23, showing a deficiency of $1,850,830 from the 25 per cent

reserve required by law ; a large part of this deficit, howeve",was with the State Banks, which do not come under the national

law.

The following statement shows the changes from previouB weekand a comparison with 1873 and 1871:

Loans and dlB.SpecieCirculation

,

Feb, 15,

, |29l,5i!«,7WI

lfi,461,0ao

-1S7S,-

Net deposits 314,613,400

Leeal tenders . . . 42.778,300

Feb. 21. Differences.|28fi.e7l).!00 Dec. »4,a50,&3«

15,(146,900 Dec. 1,4U,1C027.573.100 Inc. 38,300

aO5,(i9d,70O Dec. 8.714.7110

41.481,200 Dec. 1,317.100

1H72.

Feb, ii.

J2«,496.500n,8i<0 6i:0

29.14,3,700

513.318,0)046,04,!.9UO

1«11,

Feb.!; ,

1278,005.99)23,!IW,l48s;.m«s

ai7,c »,iie

57,178,41)8

Abstract of reports showing the condition of the National

Banks the S7th day of December, 1873, compared with the like

returns of December 16, 1871

:

BESOUBOSS.Dec.27.1S72.

Loans and discounts $880,988,598Overdrafts 4,684,8,'il

United Siates bonds to secure circulation 384,458,500United States bonds to secure deposits 16,30J,7riO

United Stales bonds and securities ou band 10,306,100Other stocks, bonds and mortgages SS/lfrSSStDue from Redeeming and Reserve Agents 86,401,''

"

Due from other National Banks,Due from State Banks and Bankerslieal estate, furniture and fixturesCurrent expensesPreiniumsChecks and other casii ItemsExchanges for Clearing HouseBills of other National BanksBills of State BanksFractional CurrencySpecieLegal Tender NotesU. S, Certificates of Deposit for Legal Tenders,,Clearing House CertificatesThree Per Cent Certificates.

42,707,61812,008,84383,014 TM8,454,803V»7,84713,696,72390,145,48219,028,425

41.8972,270,576

19,017.83«100,587,86912,(150,000

6,660,000960,000

Total ,. 11,778,556,532

Doc. 16 1871.|614.281,5J6

4,008,95136f.,5il0,V00

22,98i,15ll

17,(544.450

22,962,75777,896,75846,809,18013 0:2,70180,064,«9O7,322.5635,9,16,050

13,;68,M8111 5,18,539

13,000,27166,957

2.060,29829,565,(«891,8M,474

16,683,0256,895,000

»1,';U,287,1»4

LIABILXTIBS.Capital Block $482,606,252 1159,175.869Surplus fund 111,410,218 101,567,153Undivided profits 56,762,411 48.504.383

National Bank Notes outstanding 836,289,285 818,043,841State Bank Notes outstanding 1,511,396 1,m,-6,?3S

Dividends unpaid 1,356,931 l,3S3.4i7

Individual deposits 691,114,679 596,092.948United States deposits 7,863,894 14.567.50JDeposits of United States Disbursing Officers 6,13ij,597 6,2;5.5«Duo to National Banks 124,218,392 1 :6,657,614

Due to State Banks and Bankers 34,794,963 88,085,611Notes and bills re-discounted 6 M5,059 4,922,4.i5

Bills payable 6,940,416 5,374,362

Total $1,773,556,532 $1,714,287,W4Number of Banks 1,940 1,791

United States Bonds.—Government bonds have not beenparticularly active, but prices, notwithstanding the extrememoney pressure, are well maintained, and close at nearly thesame figures as last week. It is expected that the Secretary of

the Treasury will call in $50,000,000 of 5-20s next week, instead

of the $100,000,000 for which he was about to issue a call twoweek.i ago. At the Treasury purchase of bonds on Wednesdaythe offerings were $2,482,350, of which $1,000,000 were accepted,

and all paid for in legal tenders.Closing prices daily, and the range since Jan. 1, htnre been

:

, cp..Ss.fnnd. 18816s,i8Sl, reg.,68. l»81,colip5,20'sH62, coup...5-2il'sl864, coup...5,20'B1865, " ...

6-2ii'B 18>;5, n " ...5-20'8 1867. " ...

5-20'sl868, • ...10-40'8, reg10-40*6, coupon....Currency 6^8

Feb.22.

feb. reb.24. 25,

113X'l!3iW116«'116H'

•llfM usa116X "IISK

•115« •liiii"ll,iS "116

1U?S '114

116J< 116X'116)if H6K"111 t:l)4

"IHM 114?<IHX 114>i

Feb.26,

;i3X•mn118X

•115«115H116

114S'II6X

•116i<

•111

114S<•:i4;l<

Feb. Feb.27. 2S.

U3V '113M

'm>4 ;!8K

M15J< -IISH116 una114X lltMllbX ;!6,Hnea •ii6j<':n% "111

114X "lUiiMH "I14>i

, Since^-Lowest. -^112 Jan. 11

V.4% Jan. 4

114H Jan. 3ni% Jan. SllSXJan. 6

113S< Jan. 2

112^ Jan. 4llS9«Jan. 2llSXJau. 2109% Jan. 8

1095i Jan . 2

lI2XJan, fi

, Jan, 1. ,

^Hlgheet,-,USX Jan. 27IV.fi Feb. 15

119)i Jan. 29115i< Feb. 18

115X Feb, 26

116H Jan. 24im% Jan. 24!lf,K Feb. 5117 Jan. 9}.liii Jan. 28115X Jan. 2:.

1I5>, Jan. 21

" TbU is the price bid. no sale irasmade at the Boat i.

Closing prices of securities in London have been as follows :

Feb.14.

Fob.21,

Feb,23.

, Since Jan. I. >

Lowest. 1Highest.

U.S.6b,5-206,'65U. B,65,5-20s, '67

IT. S. 58, 10,408

92V9S«91 ii

90 J<

92Kma89X

93X»:!.H

90^

92X Jan. 2 tSH Jan. 29-

9iii Jan. 2 94),- Feb. 439 Jan, 2 92K Jan, ?I

New5« &9X Jan, !ii 91« Jan. El

State and Railroad Bond*.—The dealings in Southern State

bonds have been chiefly confined to Tennessees, with a few trans-

actions in South Carolinas, and in North Carolina special tax

bonds. A funding bill is before the Tennessee Legislature, and

tlieie is much confidence in some quarters that it will be passed

March 1, 1878] THE CHRONICLE. 287

this session. The Qeorgia Legislature has adjourned withoutacting on the financial questions. The Alabama Legislature hasauthorized |1,500,000 of new bonds. The business in lailroadbonds has been checked to some extent by the disturbances in

money, but the investment demand continues witliout muchinterruption. The Union Pacific bonds have been lower, and thefirst mortgages and land grants are attructing some attention at

the present figures. In other good 7 per cent., or 6 per cent, goldbonds, secured by first mortgages, and purcliasable from 89 to

par, tliere is a well distributed business.

Closing prices daily, and the range since Jan. 1, have been

:

. 8lac« Jin.i.-^^•-Laweit ^ ^Ulchait.

"83H E«b.eiTenn., old. ...

6ftT«un., newt. N.C»r., old....6s N. Car., new...•• Vlrg.,old

*' '* consoUd'd'* '* dAferrod..

Us S. O., n, J. * J.6ii MlMoarlCant. Fac. sold..lln.PacUt.llu. Pac.,L'dOr'«Un. P. Income ...

N.T. Cen. 6a, 1988.Krle l8t m. («

N.J. Cen latni JaFt Wayne lat in 7aChic* NVV.af 7aBock laid lat w 7a

Tab.a.

Feb.21.

ei

Feb.a.

Si

Feb. Feb.n.

•17X -17

Feb.•dS.

•»•80

•M•n

'MH •55!4 •a-4 •S4H'1«H •US •15 •14Sl•n WH ton »'*"J4K M\ US M •Mm •IIU •101 101 1041)1 MM n MH 8«!<Ti« •r.si •71

SiJ-iH

nx 71« 7T 7««8 •94 •94 91 94iwx 103 •10J« •mv •lOiHm •1(U •103 •m

•mn •104 104 104•»') •m •m 97 •r\m •101

K

•U'lH Wi 102

19 Keh. IJ

H Feb, 1483 Feb. 11

17)i Jan. 2149 reb. 1

M Jan. C14 Jan. gi

Wii Feb. 27

93k Jan. 899 Jan.83 Jan.74 Jan.71K Jan.M Jan.101 Jan.:02K Feb.lO-is Jan.10.1)4 Fob.log Jan.

.. >tax Fab. Iun Jan. 8019 Jan. 449 Feb. 7

MH Jan. 2919), Jan. 223 Jan. 209I'< Feb. n

3 104)^ Feb. 10

89 Fab. 480 Jan. «

88V Jan. <

91H Fab. 31103 Fub. vs<ntii Jan. 33106 Feb. 15

IKii Kat). 1

103 Jan. 17

• TnU la the price bid. no sale waa made at the Board.

Hallroad and Mlacellnneon* Mtocks.—The week has beenone of great excitement in stocks, and the movement on Wednes-day aftemocn and Tluirsday morning in certain stocks was in thenature of a panic. Under the Influence of the great stringency in

money, stocks were weak and Irregular on the early days of theweek, and on Wednesday afternoon there wus a decided break, as

above stated. The stocks which felt the panic moat were Pana-ma, Pacific Mail, Western Union Telegraph, Lake Shore, andErie. The dealings in the other stocks were large, but prices

w,ere steadier. Pacific Mail and its associate, Panama, were byfar the most prominent stocks in the decline, and it was lielieved

for a time that the President, Mr. Btookwell, who is the leadingoperator In Pacific Mail, had failed. It was publicly announced,however, on Thursday that he would meet all his engagements,and this assisted materially in turning the tide of depression.

The market has since been stronger, although Pacific Mail wasan exception to day and sold down to S.liJ. recovering to 58 at theclose, the general list also closing stronger and more active.

It does not appear that the leading operators in stocks are in

favor of an upward movement, and the impression prevails that

most of them think pricesare not now materially below their

actual value.The following were the higheet and lowest prices of the active

list of railroad and miscellaneousatouke on each day of the lastweek:eaturdar, M"-''ay, Tneadar. WertcojC'y Tnnraday, Frldar

H.T.CenAH. KHarlemKilodo prelLiike biioraWabashtforthweat

do pref.Rock Island. ..

St. Pauldo pref. .

.

Atl'c&Poc.prefulilo« Mlaslp.Ceutralof N. JBoston,H& E.Del..L. 4 W...Hann. A St Jos

do prefUnion Pactflc.Col.Chlc* I.e.PanamaWest. Un.Tel.Quicksilver ...

do pref..Pacific Mall ...

dams Exp ...

American Kx..United states..Wells, FarKo..OintonCons. CoalNew Cen.Coal.Maryland Coal.

Feb. 32 F«b. i\.

lUo^ lUlX138 127)4

HH 65K•71X 7991M 95S•3* 74X•81 8)90 90^

Feb. 35,

104U lOIH136 iXMX 65

•78 79

93V MV74 74

«

82 84

89V 90X

ITiit ISOMH 65X

S^li»!4'.UX 113^ lt4H53 53X 53 .^3)

71\ 74VSt 31

'«« 46X"104 ...

46X 4?

Feb. 39. Feb. 37.

lOlM 1(13X lOlX 113

is; 139)4 •••- ••"

»3V 65H7S 7890 91

71V '480 81

89 S9W

9! 93XTIH 7SH81 SIH69V 89H

;4XSI at

<6K J6«104 lOlM'JX 10

HIV 113V 113H II^K53V 53X san SSJi71 74 <{

28 30VJJH 16X

1U4 1049 »V

103<103X 103X1OJX

SIX 3t«41X 41«

• ... 126

90H 02X•,... 4»Si•53 59

6!K 70X•91X 96•fi!),- 6<

7li? 74><

92 iiSiUV 44X•33X ilii

16V 46VC5 658! 84<<

41X 41V•....127

M3» 45H

6>ji 69X•94V ••••.... f.H74 7IX84 X 861(11

51V 92X

2JH

46' 46X•81 6.1

iiji 85)438 41X95 120StX 90X45 4553 9753X 69H9.) 9567 67

73V 74•85 85X103 10351 5!)<

43X 41)2

•23X 2t

lOOV 102

42V 45X•60 64

31X MXMV 4''X

1(10 110

36X 89X48

Feb. 28.

lOlX lO'^X129 190X95X «<1X

"79 )J 79X32X 93X7»W 74XSIX BIXI9X S9V

IIS HIS93 an73X 7420 2»H

.. 45X 46X103X 103X 1U3X9X 3X UX- 102 103

45 46•61

84X >»9K ICX

ICS 108

88X KIX41V «4V•.... 56

95X 62X9IX »5

•66X 6:x71 74•83 ....

• ... lOJXSIX SIM

•.... 5«X63 63X•«) 91V6< 66TO n'.... 8BX101 101

60X 93

33 KH •VH U•This lathe orloe bid andaeked.no «ate waa made at the Board.

The range in th«ae stocks since Jan. 1 has been as follows t

-since Jan.! ^,1/— Since Jan, 1.-

,-Lowc»t.-> .-Highest.-._ ,—Lowest.-. ^Highest.-.NTCenAHB. 99X Jan. 6 10«X Feb. 4| nan.*3.Joi.pf. 65 K<-b. 33; TlXJixi. 6Uarlem 114XJan. 6 180H Feb. 28 Onion Pacltlc. 83 Feb. 14 S9XJ»n. 4

Krla 69XJttn.lS 69X Feb. 4 Col.Chlc.&I.C. 86V Jan. 3! 4SX Feb.lldo pref 77 Jan. 33 83 Feb. 4I<akeShera 90 Feb. ^6, 97V Feb. 15!

Wabash 71X Jan.l3l TJv J»n- 2Northwest 80 Feb. 36 85 Feb. 4

do prel. S7X Ian. 10( 94 Felj. 3Rocklsland.... 109X Jan. 7,1MV Jan. 21Bt. Paul 91XJan. 11 MXJan. 3do pref 7.fXFeb. 37 79wjan.2i

At. * Pac. pref 20 Feb. 38 88V Jan. 2)Ohio AMISS... 44XFeb.27 49XJan.21Caiitralof N.J. 99X Jan. 6111W Feb. 4Batton.H.ftB 6X Jan. 8 lOX Keh. 3Pel.. L. *W... 93 Jan. 7:03 Feb. S

Hann.* St. Joe 42V Feb. 271 52X Feb. 7

Panama 95 Feb. 26 1.S0 Jan. 6

WestUTeleg'h 7SX Jan. 71 9IX Feb. <

(Quicksilver.... I8S Jan. !R, 46X Jan. 3

do prel. 53 jKn. 18 '7 Feb. 1

Pacific Mafl.... 55M Feb.M 76J< Feb. 7Adams Express 94X Feb.StlCOX Jan. 29

AmarlcanKi.. 66 F.b.'.T, 70X Jan. 8

U.S. Express... 70 Feb.2il 8^ Jan. 6

Wells. F.* Co. 85 Jan. 21 186 J n. 29

Canton 100 Feb. 8 •,('2X Jan. 4

Consol. Coal... 43 .lan. 14

SewCent.Coal.. <SX Fab. IS

Maryland Coal. ;0 Jan. 13

5SV Feb. S47XJan. 9

34V Feb. 10

Lapsley & Bailey, 47 Exch. Place, quote stock " privileges'(signed bv responsible rartles) \9\\t percent premium for 80 days, and 1X93cant tor 60 days, at prices Tar( lug from the market as follows

Ceatral ft HndsonLake ShoreBock IslandKrlePacific MallNorthwestern

do prefWest. Union TelOhio ft MIstl.'SlppI

Puts below. Calls above.i'»lvai

1 X(»23M 8

. »..

m.o2iX»3V®1

:*,(iti

2)«a2V2»|jX6 SlO...(»...

IV 2X4 asiveix

Puts beloUnion PaelDc 1 I»1XWabaab 1X«IVCol., Chic, ft I.e.... X(»ln. H.ftRrIa X«tSt. Paul 1X«IXdo pref lX«tX

Gold X P c for 90 dsbo d )i p c for 60 da ^t\

Calls above.2 9iX3X<»32V«SV«l

3 aax>X«3V>)>«*1X

have be«a any new infloMieM at work, aad bo tafthor dovolormenu have been made bj the partiee laUraeMd la the ytmmtupward movement beyond the flnnneaa noted abor*. ^th thegreat stringency in money gold haa at time* Y>tun heavy to cany,and rates paid for carrying have been higher than aaiial. To^dajthe ratim paid for carrying were 7, 7 gold, 1-89, 4, 8, and 8 parcent, and for borrowing "flat." At the Traaaury aale of f1,900JMOon Tliursday the bids amounted to $8,075,000. Caataaie reeaiptator the we«k have bean $2,650,000.The following table will show the oouree of the gold praodaB

each day of the paat week

:

»IX

The Gold market.—Gold lias been pretty firmly maintained

touching 115^ on Wednesday, but subsequently ruling lower,

and closing to-day at 114t<3114i. It do«a not »rpear that ther«

BatordtT.Fab.M...Monday, " 41...Tuaaday, 35...Wad-day, " 36...Thnraday, •• 37..Friday, " U..

Onrrentwaak.PravlonswaakJan. 1, U73, to

Omb-Inf.

'.'.'.•.•AH

...II4K

...i;4S

... :4x

..._1I4V

..i'.t><

4<aoi«lleB«. .

Low- Bl(b- Ctoa- Total sHaifS, i

9«t. Uif. aa4riBi«. eeuT nmav.olldar.. ...

^^

*»mt>at

«0,t4IJM '.,VA,^» \*\t»\

a«t.

liili' II4HII4K

m.1148

,II4X

.J IIIVii4v.:»49

::<xt :;4adata IU)J

IKXII4I<

U9Mii4ii

I19M

ll4kII4XII4V

MtjMjore iJ7a.i«\MtP»

XMIMn

PorelKO BxebanKe—Exchange Laa been preaaed dews tovery low figures by the extreme tlghtnaae In the money market,which has led to tiie usual dnmand from itoek broker* for bor-

rowed bills to be sold for currency. Under theee rlrriimelaaneeprime 00 days sterling sold down to 106^, and eome very goodbills at a still lower figure. Thia morning rate* were lalharfirmer, and were quoted at lOS^^lOSf, though baaineae waa doaaat a conceesion trom theee figuree, and later In the day aoai*

weakness was again noticed. We quote nominal ratea ae lollow*

:

w aaya.London pnme banxara io*KailBH

commercial K'tVslOlMParis (bankers) l.akii.lVAntwerp I.S'U^S.OHBwlaa f.ttXtfiaxAii»tardsm.,.< WdaaOKHambnrc •>)<«»«Frankfort *>C«4I?"-»•- ::::::::"::::'::::::. WkProaalan thalan..

The transaction! for the week at the Coatom Honae aTreasury have been as follows:

aob-Traaanry.-

dib

Satardaj, Feb. 33. . .

.

Monday, ** 3;

—

Tuaaday, " H....Wodneaday. *' 36....Thursday, '•- 37

—

Friday, " 38....

CustomBouaa

RacalpU.. Baealpu . . fajataaia.Gold. Corrancy. OoM. Cvrraacy

9!0jm

Mtm

1,143,510 M•n.aoM43l,aiH96944Sa

1^*3,17: a

.. BoKday ^^-j.-Tu,Ms a mm VtMMW 80 i.:m,7ii miitjm » i.mi.M It414,111 00 rajM «

t,31«JM H I.M(m BTotal

BaluM. Feb. 31 t*MM.m M IKMM*» «Balance, 'eb. M •It.OM.SU It WtUmtnUNew York Citt Barks.—The following statement showi lh*

condition of the Associated Banks of New York City lor the weekending at the commencement of huainess on Feb. 21, 1878 :

B&HKa.Haw forkManhatun CoUercbanta*MechanicsUnionamorlcaPhtaniz:CityTradosmen'a -^^ijj.Fulton fi?-"!*Chamlcal 8*0,000Marchanta Kzohanga.... 1.^6,000aallattn. National > 1.900,000

Btttohara- 4. Drovers . . . . g00,0MMachanlca and Traders', M0,00«Qreanwlctabaather MannJSaveDto WardState ot New Yorkamerican Kxcbanxe.,(;ommero6 .

DroadwaTMarcantU*Pacinc •

BapnblloCbatbamPtonle'siforth AmarleaBanoverLrvlngMecropolltaa(;itisensNaaaauMarketSt. Nlcholaa.Shoe and LaatharCorn ifixchangeConttnenulOommonwaalthOrientalMarineat!.-nllcImporters and Tradera".ParkHerhanlcs' Banklac AasGrocers'North BlvarKastRlrrrMaonfactnraraaMar...Poartt Nat lonalCant;a1 NationalSecond !»a:",:n»l

eilnth NationalFlratNaUonalthird NationalNew York N. RzchaniiaTenth Natlon:ii....Bowery National.. .^^„New Vork County .S'5J!Sarman Amarlcan ••^•CwDrv uooda LOOO-POO

ATiBAaa aaotiirTor-Loansasd Lagal Nat„ . . _a«al

Capital niseonnu Bpaela. Tasdaia,D**oalW.»3,ooo,oot iu.4a.wo ii.»7jO(n,i3,090,0098,000,000t,000,000l,SOO.O0«

i,«ig.soo

300.000•00.0009«O,0M

. I,000.00«

. ifiMJM

MS&Si

. «,ooo.oe«4U,000413.500

. uomtjom

. IJMMtSO0.0M

. «,0004««400.000

. 1,000.000

. 1.000.000

. 1,000.000

. 1,000.0011

. l.OOOOS*

. l.OCO.OOO790.0Ut300.000400.000900,000

.. 1,800.000«/)00.300900JI00

6,817.

7.31(.«00

«,I90.«04.6U.I0O•/4S.1004,tN.90al.8S3.«00l.4Df,3aO

1.7*<.900

0J03JUC8J91.1008,974300I.MIA0i.b8i6oetl!.«<0

3.»i9jaoijtejootMtMt!0.(<4I«J«

i9,«a3jao].4i3jao4.III7I0t,aw,Mi0.137 800i,»0..001.474AW(.49O.M0<.««3jHM

87ijim418.7U)aasjM7t7jOOCr.8,ios

141JW179,100

•Mjoi»l,aoO

k7.m)41

M

I1.I00

4n.l«0 UH.MIM.1M £M>iB*44M0Sni.oo*tnjoa

Mjxnaot.iosn»jos

:9t,»ciO.«

lO.igpj'x1.936.700

3.137.4W)t,l»2.4ao

3A43M0

S'SS

9.000.00*1,000.0**8*0J*(

I.900.0**90*40*

1,000,00*90*4**

1J|**JM

3.700.10*

l.*:tjuo1.494.1001.W7JU0

'i-S*•.I77MI7IM.30CIJ91JO0

S^I.W.IO*l.»l.iw>a.M7HI0IU.0>4,(l0O

I.CMJOOi.xijm

C,I94.SD0l.«4t«3.9*. 100l.lgJWi.i(a.ii«9.24t.;00

3.3.«.aiO

•St.400144.7(10

480.40*I9UAIC3*7JO*

I.l4i.r_;

40Va)0 iJl>.JMIMJOO iJMJSIMJO* >I*.M

t.40*OtlJOO13JJ0UO4.(no

1»'.*U*

1<4JM31.3'JO

7iS.»t«

4>,4UITSJVO»,«•B1,'.0*

i.4njHl.l*9*I*ija.M«.M«.W

wtjos

Cltcala-

ItJM

».**

ISWM— MMM* lH.1**

I»4.jg» (JTUm ~-^^1*0*0* 4.410.%* is.<a*.S1M.-4* iM.Wj i;9»l,J~

3.0M.IIIS u^.:** rt.«5XW"ISSotOj^ iJM«liikOH IJSIJMI*

4M.1S (JM;S49J0S lA*tJO»urn mm

ini*s srS*».tl

.Ml !Ua.N*Total n.aoxo 3MJ70.I00 ij.04«j« 4i.4r.;

The deviations from the returns ol prevloos week are aa toUow*

}4.6io.««- 1 Nai oepoaiu Da*. !*.:»)•]!•Loans U.o.

Dec.Spacia "">•

U«»l Tandara Daej'^ii/OilClreolatioa .

UilJOO I

.la*, mjn

Tb« foUowiog M* the totiUs tor ft aerleg ot week* put

;

28d THE CHRONICLE. [March 1, 1873.

'

0»te.Not !3 ..

Not. 80..niw. t ...

Deo 14...l)<«i. 21...Dec. 23....Ian, 4. ..

Jan. U...Jan 18....

Jan. 25....Fch, 1....K«b. S....Keh. 15... S

Feb. 21...

boans.2';«,464,90021t.M0.eOt)278,38? ,6002:1,620.400275,811.4002?4.5'n,4002T?,r!0.900aViS.952.80027.'<,209,600

2S2,159,:00286,tr;9,600293.939.000291,520.700!86Jf70,100

Specie.12,101,20012,947.20013,209,50011.719.7001»,773,10017,241,80019,473,1002iJS«>.10021.110.80020.371.70013,612,20019.','35.4U0

18,461.00015.016,900

LeealTenrtetB.45,899,30047.169,50046,401,20047.217.00044,626,70041,119.60041.165.40040.816,70044,»iC.90045.974.00045,802.10045,107.70042.778.80041,461,200

Deposits.199,651,600201,915,800205,019.800202,911,700199,423,000193,5^9,600203.808,10020r.441.500212.588,200216.670.800211.168,500220.299.200214.613,400205,893,700

Clrcnla-tlon.

27,576.80027,570,90027,569,10027,638.70027,522.70027.5';3,000

27,613,80027.461,60027,512.30027,52».20027,50i,ai(;27..520.r00

27,539,80027,573.100

jLggregtieCleavUies,798,802,11267li.212.018

805.551,068779.957,298807.602.656608.315,754641.834,841716,203,119706,763,521635,561,09s661.411.94!623,394,604835,815,447626,395,902

Boston Banks.—Below we give a, statem'ent ot the BostonNational Banks, as returned to the Clearing House, on Monday,Feb. 24, 1873

QUOTATIONS IN BOSTON, PHILADELPHIA, BALTIMORE, &c.

BEOVBITIXB.

BanKs. CapitalAtlantic J750.000Atlas..., 1,500.000Blackstonc 1,500,000Boston 1,000.000Boylston 600.000Broadway 200,000Columbian 1,000,000

1,000,0001,000,000200,000

liXX),000

300.000

ContinentalKUotETcrettFaneallHall...Freeman's _...___(Ilobe 1,000.000Hamilton 750.000Howard 1,000,000Market 800,000Massachnsetts 800,000Maverick 400,000'Merchants. 8,000,000MonntVernon 200,000New KnKland 1,000,000North 1,000,000Old Boston 900,000Sliaw.nut 1,000.000Shoe & Leather 1,000.000State 2,000,000Slffolk 1,500,000Traders 600,000Treraont 2,UOO.00OWasUlngton 7S0.000First 1,000.000Second (aranlte)... 1,600000Third 300,000Bank or Commerce 2,000,000Bank of N. America 1,000,000B'k olRedemptloa. 1,000,000B»nkor Kepubllc... 1,500.000City 1,000,000ElRle 1,000,000Exchanae 1,000.000Hide&Leather 1,500,000Ravero 2,000,000Security 200,000Union 1,000,000Webster 1..500,000Commonwealth 500.000

Loans.H.531 80C2,963,5003,710.9002,216.9001.650. 100

503.1002,568.0002,070,5002.916.400SttJ.OOO

3.142.3001.6ll9.iO0

2,237,0001.632 3002,223.300

1.573,4001.918.300

1.140.3007,932.9006-6.900

2,456.500

3,352.0002.004.5002.640,7008.062.9003.747.1003,437.5110

1,63S.5003.670.8iJ0

l.''75.200

4.4.3 !,S00

5.C86.100

1.526.200

1,937.9001.90i.2U«3.851.50)3.033,500;,889,5110

2,307.3004.901.3003.4 I3.50O

4.885,000asi.goo

2.646,3002,573,0002.366,500

Specie. L.T. Notes. Deposits. Clrcnla»4I3.200"90.2110

7,SS.9C0

581.800444.9E0173.700

791,CU,i

566 .5IX)

797,2011

116,100506.900345.2tlO

851.500242,80044.'!.000

353,600399 501241.E00

1,536.1(10

173.500895,S0]781.300330. TOO584.3011

596.701)966.6

737,60.1

174,800

669,80U515.603774.81,10

7;i,60O

174.;W1739.000589.200775,6'

732.400453.100330,700794.400

772.20745.000180.0005S2.400

487.000'250.0OO

Total $48,350,000 tl23.573.800 H.1T..41X) »11.1S7,5C0 »55.S02.300 (25.566,400The total amount "due to other Banks," as per statement of !• eh. 24. Is 119,474,100.

The deviations from last week's returns are as follows

:

Lrnns Decrease. t6(>9.100S.iecie Decrease. 5lu,8ll0Lexal Tenders Increase. 74,700

•12,900

27,0003.2002.000

2,900

4',96d

5',26j

:,six)

42,8002.200

9',766

20,200S,2«!

69,90030,000279,200

40',2il6

110.400144,9004,000

I'ioo10.1003i.8ll0

48,3004.8003.50691.90030,9001,000900

21,900

I8'.io6

4.COO70,2007.0002.500S.IBOi6.;oo

303

»130.900165.100314,600189, '00198.0CO46,600

211.000136,100223,!0065,900

:6:,6oa122.0TO

807.600l'23.9O0

206,70071.700143,00066,200

601,20086,200

185.600176,800198.200193.5fO826.800149.000323.00032,900

430,600118,300434,700687.8001 15.900632.11)0

2''2,500

781,6002I5.110U

125,700174 ,3^0

51S.700115.300882,80076.;(iO

H2.100194 0002S7.600

«408.4008:S.900

1,863,3'JO

1.059.TOO770.600252,0008C9.000728,400

1,077,100782,900

1,679,000556.4«l

1,108,0001,024.700785.800667.6(10

933.200620,800

4,071.800412,500

1,070.4(10

1.603,5001,019.1001.167,900

1,809,100912,000

1,315.900995.700

1.375.7(10

676.s::o1.417.4110

2,827.0001 ,244.1(10

2,18,i,i;(l0

434,2001,912.600

816.100l,r03,0()0

1,211.6002.268.S001.429 8002.169.700654.600

1.127.600930.000

1.796,6(10

I Deposits Decrease.!2,086,800Circulation Increase. 187,300

The following are comparative totals for a series of weeks past:Date.

Noveinher 25..

December 2....

December 9...

December 16..

Loans.114.776.100115.831,200116,731,3001 18,498,700

Specie. Legal T(!nder.1,021,200 10,161,800

Decem'ier 23 119.' 8,-i,200

December 30 I2().l«6,500Januarys 122,872,700January 13 133,528,700Jannary20 124,415,800Ja>u»ry27 121,382,000Februarys 125,(l,'8,700

reiiruarylO 12,j,759,300February 17 126,217,900February 24 125,578,800

PHILADELPHIA BaNKS.-

1,077,2001,143,6001,065,1001,037,3001,417,2002,075,4002,738.7002,793,9002,52l,5'10

2,233,3002,096,0001,684,2001,171,400

10,637,40010,ei4,0(X)

10,800.40010.918.00011,455,00011,122.50010.880.80011,054.60011,481,50011,507,300i:,311,l(IO

11.0ri2.80O

11,157,600

Deposits. Circulation-48,150,300 25,659.900

25,669,30025,638.-2(lO

25,608,40025.442,50025,597,50025,614,40025,590,30025,5ii8,!('n

25,533.50n25.485.80125.419.8(1(1

25.:!-0,10n

25,566,40oThe following is the average condition

50,301,40050,121,10051.082.70050.428.00051,184.10065,040,80065.771.50055,731,80055,721,20057.522.80053,920.50057,889,10065,802,300

of th« Philadelphia National Banks for the week precedine Menday, Feb. 24, 1873 :

,Total net

Banks. Capital. Loans. Sp."Cle.Philadelphia |1,500,00C f5.560,00C «2S,000NorthAmerlca 1,000,000 3.9,56,536 5.7,52Farmers and Mech. 2,000,000 5.425.(100 44.200Commercial 810,000 2.372,000 7.000Mechanics' 800,000 2.237.000 2,528Bank N. Liberties. .500,000 2„5O;,0OOBoiithwark 250,000 i.371.5(0 9,200Kensington 250,000 1,(159,860Henn 500,000 1,831.390 7.000Western 400,000 1,632,870 2,350Manufacturers' 1,000.000 2.143,00)Bank ol Commerce 250,000 SL,tl.93S 1,606Glrard 1,000,000 3,646,000 12,000Tradesmen's 200.000 1,571,472 10,370Consolidation 300,000 l,164.9til 10.500Ul'y 400,000 1.431.577Commonwealth.... 300,000 771,045 5.257Corn Kxchange.... 500,000 2,331.000 24,600Union... 500,000 1,710,000 2,000"rst

, 1,000,000 3,952.000 4,000/bird 300,000 1,019,741flxth 150,000 595,000Sevunlu 2,50,600 810,000 2,000Klghth 275,000 1,069.000Central 750,000 3.184.0OUBink of Republic. 1,000,000 2.185.000Security 250,000 631.000

Total 116.435,000 f.56.476,940 (173.293 $9,735,670 |40.39S,024 »11.S92.436

The deviations from the returns of previous week are as follows

:

Loans Dec. 450,441 1 Deposits Dec «S96 507

jgjv!,^^I

^Circulation Inc. ISfiT,

Total netL. Tender. DeposIts.Clrculat'n.1931,000 $3,747,000 $1,000,000621.600 2,514,231 793 150

1,200,800 8,962.100 1,000,000523,000 1.469,000 605,800271,000 1,138.000 458,0002;7.00C 2,058,000 456,000860.000 1,161.800 217,300266.000 790.373 224 S35130,000 958,598 177,645203,964 1,553,624 174.465nO.KiO 1,072.192 541,413254.601 650,083 203,87085S.000 2,720,000 592,0ro235,641 1.057.866 181.948187.942 759.077 270.000314.477 873,975 359.14288,078 417,721 210,690

331 000 2,009,000 450,000326.000 1,463,000 26^,000786,000 S.330,000 7!)o,<XXI

294,557 9IS,K89 261.18089,000 428,000 135,00095,000 586.000 219,000115,000 799,000 239,500352,000 2,310,000 510.000261,000 1,163,000 800,000130,000 399,000 180,000

Specie Dec.Le^^ai Tender Notes Dec.

The annexed statement shows the condition of the PhiladelphiaBanks for a series of weeks :

bate. Loans.NOTemberlS 53.6il,19November25 55.218 2929i

1,066,002

NOTemberlS 53.611November25 55,218December 2 55,066,v.-«

December 9 55,081,850December IS 55,134,063December 23.. . 53.024,887December 80 51.594,611January 6 55.370,011Januaryl3 55.214,680January 20 55.643.230January27 56.022.383February 3 57.062,437pcDruary 10 57,058.382February 17 56,927..381

pol,r<>aiy24 56,476,940

Specie.154,4.55

146,913109.275125.043132,6!7230,157309,514424,158456.614S<7.479319.229352,773347,632212.414

173,293

Legal Tender.9,582.1299.881,82!10.033,14510,238.5229,801,7299.;31,'201

10,116.19710,576,15510,628,334111,537,8^0

10.780,33710.599.53210,-2«3,72S

9.936.882

9,735,670

Deposits.40,023,34439,622.80440,448,26340,010,81939,663,10239,50S,,S44

S9.29Ci,999

40,861,11441,054,74241.370.79141,690.0.37

42 120,45141,251,16941,295,53140,399,024

Circulationl!,3!>7,ia7

11,418,93711,410,35311.339.29611.400,81011,396,63111,405,1001 1,391,.579

11.412.18511,881,1801,377,893,370,253

11,365,892ll,573.fll

11,392,438

BOSTON.Maine 6sNew Hampshire, 68Veraiont 6bMassachusetts 6s, Currency.,

do 6s Gold, 1S76..

do 5B, GoldBoston 68

do Ss.goldChicago BewpraKC 78

do Municipal 7bPortland 68. building loanBurlington * Mo. L. G., 7Cheshire. 6

CIn., San. .S CleT., Ist M., 7, '67,

Kastern Mass.. conv.. 6. 1874.Hartford & Eric, 1st M (new)?.Ogdensburg & Lake ('b. 88.

Old Col. * Newport Bds, 6, '76.

do do Bonds, 7, 1877.Kutland, new, 7Stanstcd & Cliambly 7bVerm't Cen., 1st M., cons, ,7, '86

do 2d Mort., 7, 1891Vermont & Can., new, 8Vermont & Mass., 1st M., 6, '83,

Iloston & AlbanystockBoston & Lowell stockBoston A MaineBoston & ProTldence(-heshire preferredChic, Bur. & Qalr.cyCln., Sandusky A Cley. stock.ConcordConnecticut KlverConnecticut A Paasumpslc, pf.Rr.f.tern i Mass '

Kastern (New Hampshire)FltchburgManchester & LawrenceNorthern ofNew Hampshire.,Norwich A WorcesterOgdenB. A L. CbArcplalQ

do do pref...Old Colony A

Port., Saco & PortsmouthUutland common

do preferredVermont A CanadaVermont A Massacbusetts

PHIJiADBIiPHIA.8TATR AND CITY BONDS.

PennsylTania.58, coupdo 68, '67, 5-10, 1st...do do 10-15, 2d...do do 15-25. Sd...

Philadelphia 6s, olddo 68, new

Alleghany County, 5b, coup...Alleehany City 6sPittsburg 5b

do 6sdo 78

New Jersey State 6b, ExemptsDelaware State 6a

BAILROAD STOCKS.UliUed N, J. CompaniesCamden A Atlantic

do do pref.Catawlssa

do prefElmlra A wlUlamsportRImIra & WlUlamsport pref..East PennsylvaniaIlarrlsb'g, Lancaster A CHuntington & Broad Top, ..

do do pref,Lehigh ValleyLittle SchuylkillMInehlllNesqnehonlng ValleyNorrletownNorthern CentralNorth Pennsylranla ,

Oil Creek A Allegheny Klver.PennsylvaniaPhiladelphia A FrlePhiladelphia A Reading..Philadelphia A TrentonPhlla., Wllmlng. A Baltimore.Tioga ..,Westchester

do prefWestJersey ..,,

CANAL STOCKS.Chesapeake A DelawareDelaware DivisionLehigh NavigationMorris

do prefSchuylkill Navigation

do pref. ..

Union prefRAILROAD BONDS.

Alleghany Valley 7 .3-lOs, 1896.,Belvldere Delaware.lst ni,6,'7'

do do 2d M.,',%do do 3d M.,'87

Camden A Amboy, 6s, '75

do do 69, '83do do 68, '89do do mort. 6s, *89...

do con80l..68, '9*...

Camden A Atlan. 1st m, 7s, '73.

do 2dro,7s. '80..

Catawlssa, Ist M. conv.,'83do chat. m. do '88.,,.

do new 78, 1000Connectlng68 191)0-1904

Ea«t Penn. I8t morr. 7s, '88... .

El. A W'msport, 1st ro, 7s. 'SO.

do do 5aHarrisburg Ist mort. 6b, '88

II. A B . T. Ist mort. 78, *90

do 2d mort. 7s, *75

do 8d m. CODS. 78, '95.

Junction 1st mort. 68, 'SS

do 2d do 1900Lehigh Valley, 1st M., 6b, 1873.

do do new 68, '98

do do do reg,do do ni'w 78, rcg., 1910

LUtle Schuylkill. Ist M.,7,im;.Northern Central 2d m, 68, '85

do do 2d m, g, 6s, 1900do do 2d m. 6s. 190O.

North Penn. Ist m, 68, '85....do 2d m. 7s, '96

do 10,^. chat. in-'770110rcckAAI.il., eon.

7

on Creeklst m.7s. '82.. ,

IVm. & Hlghtstown 7s, *89

Penn A N, Y. Canal 78, '96-1906Pennsylvania, Ist M.. 6, 1S80...

do 2d M., 6, 1875. . .

.

109100

9»X98

^><9896

90'

lOlX6770

122H149 is

liix20sso

MX

191

102K107

103

96XlOOX76

72'

32asy21

44K»

13

^^^^56334247

V,^26),'

57 J<

54 3<

48^i121

77lOSK

121X33402244V

40'

40

18eix4753>4....

,

43"4834

60X26 k57V122

55X

MOUBITin, Bid. ABk

IM

lOlX

93)j104>4

'88.

PennsTlva.igen.m., conv, 1910 ElV„ ,

.0" do reg.... 94)4Perklomen 1st ni.68, '97Fhlla. AErle Ist ra.68, '81 91

do 2d m. 7s, '88 91XPhiladelphia A Reading 68, "80

"do do 78, •98

do COBV. 78, '90100 do deb. bonds100 do g. m.7s, c, 1910

98V ^c *lo reg,do 68, g., 1910..

Phll.,Wllm.ABal.,68,'84puts., Cln. A St. Louis 7bSunbury A Erie let m. 7«, "77.

.

Snnbury & Lewlptcn isW'arren AF. Istm. 18, '96West Chester cons. 7s, '91

West Jersey 6s, '83do l8tm.6B,'96do do 78, '97

Western Penn. 68, '93

do do 6s. p. b., '96

Wllmlng. A Read.,l8t M..7, 1900

11 do do 2d Mort, 190860 Reading Coal A Iron deb. b. .

.

do do mort. b.

148k CANAL BONDS..... Chesapeake A Dela. 68, '82....

122>< Delaware Division 6s, •73

150 Lebigh Navigation 68, •*!

do BR, '91...,

112 do '77.

20V do conv., g,'94. MS... . do gold, -97

137 MorrlB, IBt M., 6. 187690 <lo 2dM., 1876..

106)4, <lo boat, '85

102 Pennsylvania 6s, 1910

131 Schuylkill NaT. 1st m. 6s. '72.. 78do 2d m.,'82 74Xdo 6s, '95

125V .... do 68, imp., '31...

M do 68, boat. '88...

102 do 78, boat, "89. .

.

li:)i SuBquebanna 6s, '94

132 do Coal Co. bonds.13 Union Ist mort. 6b, '83

56 West Branch 1ft m. 6s, '78

Wyoming Valley let m. 6s, '78.

88 BAIiTimORE.Maryland68, Jan.. A., J. A O..

do 68, Detence 104Baltimore 6s of '75 99Ji

do I8S4 98)4do 6s,190edo 1890, Park 6s

Baltimore A Ohio 6s of '75 97do do 68ol'«0do do 68 01 '.85,...do (N.W.Va.)2dM 6i.do 3dM 6«

Central Ohio, 1st M., 6 89XMarietta A Cln., let M., 7, 1891. 99Vdo do 2d M.,7,ie96

Norfolk "Water SsNorthern Cent., 1st M. (guar) 6do do 2d M., S. F.,«,'85. 93do do 3d M.,S.F., 6,1900do doSd M. lY. A C)6,'77do do Cons, (gold) 6, 1?00 92«

Pitts. AConnelIsT.,l8tM.,7, '98-'

do do Ist M., 6,

1

West Md, IstM., endor8ed,6, '90

do l8tM., unend..6. '90.. 80do 2d M.. endorsed 6/90.

Baltimore A Ohio 8tocR.' 160Parkersburg Branch.

.

Central Ohiodo preferred..,CINCINNATI.

Cincinnati 5s 82do 6s 88do 7.3OB llP3

Ham. Co.,Ohio6p.c. long bds.i 90do do 7p.c., lto5yrs,| 95do do Igbds, 7 A 7.308'JOO

Covington A Cln. Bridge I 7a

Cln., Ham. AD..l8tM., 7, 80...' 94do do 2d M., 7, '86... 93do do 3dM., 8, 77... 98

Cln. Aludlana, Ist M., 7 85do do 2d M., 7, 1877.. 84

Colum,, A Xenia, 1st M., 7, '90. 94Dayton A Mich., IstM., 7 81.. 9

do do 2rtM.,7, '84.. 91do do 3dM„7, '88.. 88doTo'dodep.bds, T", '81-'94. 88

Dayton A West., Ist M., 7, 1905. 88do do let M., 6, 1905. 78

Ind., CIn.ALaf.,lstM.,7 79do (I.AC) IstM., 7, 1888 P5

Jnnc.Cln. A In(l.,lstM.,'i,'85. 80Little Miami, IstM., 6, 1883.... 88Cln, Ham. A Dayton stock.. .. 89Columbus A Xenia stock ex d. 104)4Dayton A Michigan stock ex d 41

do 8 p, c.st'kguar 106)4Little Miami stock ei. d. 1(M)<

i.oirisvii,i,E.Louisville 68, '82 to '87 82

do 68,'97to'98 SOdo Water 6«, '87 to '89.

.

33do Water Stock 68, '97. 79)4do Wharf 6s 80do special tax 6s of '89. 81

Jefr.,Mad.Al,lstM.(IAM)7,'81 96do do 2dM.,7, 79do do IstM., 7, 1906 8BM

LoulST. C. A Lex., 1st M., 7, '97.. 37)4Lt\\lls.Arr'k.,lstM.,6,'70.'78.. 87

do Louisv. Loan,6. '81, 86L. otNash.lstM. (m.s.) 7,'77.. 97do Loc. Loan (in,».)6, '86-'87 88do do (Leb.Br.)6,'86 SIXdo IstM. (Mem. Br)7,'70-'75. 9S

95)4

SO

3?X

7X14),

96)i110

7784

97"91

99 3i

96)4

101 >i88

W>«

SOU101

V

76)i

103X

95

91V

7975

[09

98K

98ji

89)4

92

87X

«3)i

93an

tio iBiBi. (fliein. urj t, ii^-jD. vado lBtM.(Leb.br.ex)7, •80-'85| 91

94100S«8S9696928>899U60808<8S8990:os43107

106

do Lou.L'n(Leb.br.ex)6,'98do Consol.lst M.,7, 1898...

Jefl'erson., Mad. A IndLouiST., Cin. A Lex,, pref

do do common.Louisville A Nashville,..,

s-r. Lovis.St Louis 68, Long Bonds

do 08, Short ''.0

Ao Wateres rJlddo do ^ J (new)do Park 6s goldio SewerlSpeci8lTax6s

North Missouri. 1st M, 78,. ,

do 2rt M.7e... .

do Sil M.7s..PaclflclofMi) IstM. gid..,.KnnsapPftciiip stock

, .

I' ' RR of Mo, Ftr.rk

SIXX91

818481

81829880

S2X88X88879981

82X9694

82S

7934

78X

88X

'^.. 11

V

48 ' 49

March 1, 1878.] THE CHBONICLE. 289

^___ QUOTATIONS OF STOCKS AND BONDS IN NEW YORK,1overnrtient Bond* and aetw« RaUroad Stocks are quoted on a prwUm* page artu aoI repeated htre. Priet* r«pr*»mt tht ptr

cent value, whatever the par may be. " N. Y. Local Semiritie* " are juoUd te a MjporaM Hit.

•OVBITIia.

dododododo

dododolodo

Cr. S. Bonds.(Quoted previously.)

8tate Bonds.Teuneaeee 6b, old

do do newVlrxmlaes, olddo do new bondsdo do consol. bondsdo do deferred do

QeorKlaesdo 7b, new bondsdo 78, endorseddo 7s,Oold

North Carolina 6s, olddo do to N. C. U.R.C0UP

do do ex coup...do Funding Act, 18«e.

do do 18«8.

do nowbondBdo Special Tax

Boutb Carolina tie

do do Jan. & July...do April* Oct...do Funding Act, 1866

do LandC,1889,,J * Jdo LaudC,1839,A&0do 78 of IBM

MiSBOur 68d Han. A St. .loseph.10 Asylum bonds..

Lou isiana 6sdo do new bondsdo do new floating debt.do 7s, Penitentiarydo 68, levee bonds..do 8s dodo 88 do 1875..do 88 ..of mo.

CalU'ornla 7b _

do 7b, large bondsConnecticut 6sBhode Island68 ,

Alabama !>8

do 88do 8s Mont&Bnf'laRdo 88 Mab. & Chat. K.

.

do Es oflS9a..Arkansas 6s, funded..

do 78, L. R. ft Ft. 8. Iss.

do 7s, Memphis A L. R..do 7s, L.li.,P. B. &N.0.do 78, MIss.O.A R. Rlv.do IsArk.CeutR

Texas, ICs, of 1876OHlo68,lS73do 68,1881do 6s, 1886

ttentucky 6sIllnolH canal bonds. 1870do 68 coupon, '77do do 1879do War Loan

Indiana 58Michigan 68,1873

do 68,1878Jo 6s, 1388do 78,1878York Bounty, reg

MX

Sew Yodouododododododododo

do cou6s, Canal, 18786s, do 1874

do 1»;5do 1877do 1878.. ..

dogldl887do 1874do 1873do 1876

68,6s,

68,6b,

58,SB,SB,

liallroad Stocks.(Not previously quoted.)

Albany & Susquehanna ...Atlautic & Pacific, prefChicago &Altou..

do do prefChic. Bur AQulncyClev., Col., Cln. & fndianap..Cleve. & Pittsburg, guar ^Uati'i"ini « Sioux CitvHarlem prelIllinois CentralJoUetA ChicagoLong IslandMarietta & Cln., 1st preferred

do do 2d pref.Morris* KasexMo., Kansas * TNew Jersey SouthernN. Y., New Haven & HartfordN.T., Prov. * Host (Stonlngt.)Ohio A Mississippi, prelerred.PltiB.. Ft W. * Chic, guar...

do do special..Kensselaer & SaratogaUome, Watertown & Ogdens.

.

Bt. Lonis, Alton * T. Haute. .

.

do do pref.St. Louis ft Iron MountainSt. L., Kan. ('.& Northern profToledo, l'CMrii& WarsawToledo, Wab & "Wastern. pre!.

iniscellaneona StocksAmerican CoalBoston Water PowerConsolidated CoalCumberland Coal and Iron ...Mai^Mand CoalN. ,1. Land Improvement Co..Pennsylvania CoalSpring Mountain CoalWUkesbarre CoalCanton CoDelaware * Hudson CanalAtlantic Mall SteanuulpMariposa Gold

do pief.do Trustees Certlldo Land Mining Co...do do pref.

Quicksilver prelerredNew Central Coal

Railroad Bonds.N T. Central 6b, 1883

do 68 1687do 6b, real estate...do 68, subscription.oo 78.1876do 7b, ooar. 1876...,

f«.T. Central 7»,!8©-75

108

:o9;o;

104

106

97X

9696

96il6

I05X

loi",07

107107

93

•.69'

112111

90X9«M

SIX

MS

I03X

23141«

24XllOX113

not9293

185

121

28

six3u

27H112

75'

9S

53 65

5ii< 52m23K 24

6,1 »l

22s 230

lOJH;»> 122

8«H

1 IX

16 17W31

56

M91U 91

X

87i*7

too ,.,.

Brie Itt Mortgage Kx'endrrt,do do Endorsed..do 7B,2d do 1879do 7B,Sd do lh83do 7B,4th do I68Udo 7B,Sth do 1888do 7s, cons, niort. gold bda.Long Dock IsondBBnll"N.r.ft K. l»tM.,18T;....and. R. 7a, 2d M . 8. F. 1883do 78, Bd Mort., 1875

Harlem, IstMortgage 78. ...do Con. M.&8TcgFM6s.

ilbany * Susqb'a, l8t bondsdo do 2d dodo do 3d d' ,

Jllch. Cent., 1st M. 8s, 1882...,do Cousol. ;s. 1902.,

Chic, Bur. ft Q. 8 p. c. 1st M.Mich. 80. 7 per ct. 2d Mort...Mich. 8. ft N I. 8. K. 7 P.O....Cieve. ft Tol. BInking Fund .

Cleve. ft Tol., new bondsCleve., P'Tllle ft Ash., oldbdt.

do do new bds,Detroit, Monroe ft Tol bondaBuffalo ft Krle, new boiiita ,.,

Lake Shore Dlv. bondsLake Shore con. coup bonds.

do ('on. reg. bondf<...Paclllo R. 7s, guart'd by Mo..

.

Central Pacillc gold Bondsdo State AI I bds.

Western Pacific iioiids

Union Pacific 1st M'ge Bonds,do Land Grant, 78..do Income 108

llUuolB Central 7 p. ct., 1875. .

.

Bellev'le ft 8. Ills. K. IstM. 8's,

Mton A T. H., 1st Mdo do 'id M, prefdo do 2d M.lncc'ine..

Ohlc ft N. Western S. Fund..

.

do do Int. liondfdo do Consol. \nHdo do Kxtn, Bdsdo do IstMort..

Iowa Midland, Ist mort.,88...dan. ft tit. Jo. Land UrantB. .

.

do do convertible'lei., Lock, ft Western, let M.

do do 2dM..do do 78, conv.

Tol. ft Wab'h, 1st Mort. ext'd.do iBtM.StLdlv.do 2dMoitdo Equip. BdB....do tons. (Convert.

danntbalft Napfa Ist Mareat Western, 1st M., 1«S8....

do 2dM. 18113....

3ulncT ft Tol., Ist M., 1890.. .

.

1. ft 80. Iowa. Ist Mort ,

(galena ft Chlr.ngo Extended .

do 2d Molt...Dhic. R. Island ft PacificXorrlB ft Essex, 1st Mort

do do 2d Mortnew Jersey Central, 1st M., n„ do do 2d Mort.New Jersey Southern 1st m "1

Pitts., Ft. W. ft Chic, Ist M...do do 2d Mortdo do 3d Mortdo tf 3 8 p. c. eq'tbds

Olove. ft ruts., Consol, S. F'ddo do 2dMortdo .10 SdMortdo do 4th Mort

Chic A Alton Sinking Fnnd.,do do IstMortgage...do do Income

Ohio A Miss., ronsol. Bink. f...

do Consolidated...do 2d do

Dub. ft Sioux C, 1st Mdo do 2d dlv

Peninsula Ist Mort., COOT. ..

St. L. ft Iron Mountain. 1st MMil. ft St. Paul, let M. 8s F.D.

do do do 7 a-10 dodo do ~8 gold R. Ddo do Ist Mort. LaC.Odo do IstM.I.ftM.O.

2dM doist M. I. ft D..Ist M.I. A I...

IstM.H.AD.iBtM.C. ft M.

Dtarie lm, d. viiu., 18t MortChic. A Milwaukee 1st Mort...Joliet A Chicago, l8t MortCblc. ft Ot. Eastern, Ist Mort..Col., Chic. A Ind. C, iBt Mort

do do '2d MortTo!., Peoria A Warsaw, E, D.

.

do do W. D.o do Burl'n Dlr.ao do 2dM..do Consol. 7b

«ew York A N. Haven 68Boston, H. ft Erie,Ist mort. ..

do do guaranteedcedar Falls A MI<<n. Ist M....Bur., C. I'apldsft Mlnn.7s,gldRome ft Watertown Ist MAji Dock Aim. Co. 7. 1MWest. Union Tel., Ist mort. 7b.

I.onif Island RltlatM. 78Smlthtown ft Pt. Jclf. Ist M...St. Louis, Jack, ft Chic. IstM.South Side, L.I. 1st Mort. bds

do Sinking Fund..MorriB A Ef*8ex, convertible^.

do do construction.Winona A St. Peters 1st ni

<;. C. C. ft Ind'8 Ist M, ;s, 8. F.La Crosse ft M 11. 3s, 1st MLafayette, Bl'n A Miss, let M.Pekln.LIncoln A Decatur IstMHan. ft Cent. Missouri IstM..Cin.. I.nfiiyettc ft Chic. Ist M.Di'l. &, Hudson Canal IstM....tialvrstoli. H. & H ,78, coid,'7IParll\c Rlt.of Mo., stoclcPaclficR.of Mo. !8t 6s. gold "S*

do do 2d "8. cur'y, "SI

nilscellaneons 1.1st.Arkansas Levee b'tnds 7bAtchison A P. P.<,68 goldAtlantic ft Pacific L.S. 6'l _..Atciileon, Top. ft 8. Fe 78 gldAtchison A Nebraska 8 p. cBar. ft Mo. Rlvor, stock

do dodo dodo dodo dodo do

Marietta A Cln

Bl«.

io:x

106"IrS

Jjx

93ji

101102

Hit93

lio'

;o»98U'3)4lOU95irt

9696

93

91*

i«•.6

10196lOU

S38:9^^

r.H

m

10597

10193

96)4

lOlX99

S7X

9310S>.

S7H

97

166"100

»8X•MX

77

106"

99lOOX

91

•BOU«ITI».

Bar. A llo, BIrerLsnd M. Ti.,dododododododo

dododododo

2d 8., do 7tM B., do Sa,

4tb B„do as,

.

Sth B.,dolli..ttb B.,do6a,

do Creaton ('raix-h

„ - do CharHoDBrancbBurl, ft M. (In Neb.) lal conv.California A Oregon M.fold.California Pac. HK.ra, irld...,

do «t,ldM.,||ldC«nada Southern lat 7a, (uld..Central Pac.7a, gold. conv..,..Central u( Iowa, lat M, 7'a tM.

do 2dM,7'a,gldKeokuk A St. Paul, 8a...CarthoceABa:. 8a. .. ^pixon.PeorlaA Haii.,lla. 9P.O. ft Fox U. Vallejr a*. 4; S

.6-8 eld

gl<

IWX

IIHHli;6

U'SX

75.maf8X

98X

I05X

Qnlncy A Waroaw, A .

111. Orood TrinkCblc. , Dub . A Mlao^ aa.

.

Peoria A Bannlbal R. 8'a.Chicago A Iowa R.6'a....American Central 6sChi. ft Soothwettem Rlt.7'B..Col. A Hock. V. lat 7a, 80 yr*

do do Iat7a.l0yrado do 2d;8,9UyrB..

Chic, Danv.A Vincen'a 7a,gldCleve., Mt.V. A Del. 7a, (OldConnecticut Valley 78, gold..Connecticut We»tcm lat 7a....Chcsaprake A Ohio Ist 68, goldChic, ft Mich. Lake 8hore8a..De« Molnee Valli-y m 8a

do do Land Grant 8aDan,, Urb,, ni. ft p, lat m 7 gidDetroit, Hillsdale A In. RB.S'aDutchess ft C«lumbla taDenver Pacific 7b, goldDenver A Rio Grande 7b, goldDetroit. Lansing A Lake M. 8bEvansTtlle ft Crawfordav. 7a.Erie A Plttaburgh Ist 7b

do 3d isdo 7s, equip...

EvanBVIlle, Hen. A Nashv. 78.Ellxabetlitown ft Padn. 8a congvanavlllc, T H ft Chic 7e, gldnropean A North Am.6M,gld

Flint A Pere M . 7b, Land Gr.

.

Fort w.. Jackson A Sag. »8...Grand R. A Ind, 78, gold, guar.

do do 7b, plainGrand River Valley 8sIndlanap., B). A W. Ist 7s. gld.

do do 2d 8*Indlanap. A VInccn. Ist Ta,gnarIowa Falls ft Sioux C. IstTa..Indianapolla ft St. Loulala...Jackson, Lanatn A Sag. 8a..Kansas Pae.'n, Exieosion, gld

do 7a, Land Gr., gld.do 78, do new^lddo 6a, g'd,jDn AI>eodo 6a, doFebAAagdo 78, 1876, Land Or.do 78, Leaven. Brcb.do locomeB, No. r...do do Ko. 16.

do StoikKalamazoo A South H. Ss, guarKal., Alleglian. ft G. R. 8a«uarKal. ft White l-igcon 78Kansas City ft (;ameron lOs...Kan. C, St. Jo. ft C. n. 8 p. c.

.

LakeSap. A Miss. Ist 7'b. gld,do do 2d 78

Leav.. Atch. A N. W. 78, guar.Leav Law. A Gal., Block

do do lat M., 10a..Loulplana A Mo. Rlv. 1st m. TaLogans.. Craw. A S. W. 8a, gld.Michigan Air Line, 8bMo.itlccllo A P. Jprvl8 7a,goIdMontclalr Itit 7s, j;old,guar

do 7b, IncomeMo., Kan. A Texa. 78 gold.Mo. R., Ft., 8. ft Gulf, stock

do do 1st. H, 108

do do 2d M., 108N. J. Midland Ist 7s, gold, guar

do 2d 7agnarN. Y. A Oaw. Mid. :at 7., gold,

do do 3d 7s, conv.New York A Boston 7s gold..N.Havcn.MIddiet.A W.7s,..,Newburgbr'ch 7a, unar. Erie.OmahaA Southwestern RR.S^sOregon A California 7S, gold.

.

Oswego ft Rome 78, guarPeoria. Pekin ft I. Ist m, goldPitts., Cln, ft St. L. 1st 7sPort Huron A L M.7s, gld, end.

do do 76, goldPeorlaft Rock I. 7*a. gold ....

Rockf'd.R I.A et. L.r8t7a,gldRome A Watertown 'aRome, W. ft OgdcnsbnrgTa..Rondont A Oswego 7b, gold..SloniCltv A Pacific 6aSoQthern Pacific 6'a, goldSouth Side (L. t.)78Steabenvllle A Indiana ea,....

.. }„ 7,Southern Minn, conatruc. Si,

do do 78St.Jo.ftC.BI. EtM.,iat ,

do do 8 p. 0..St. Jo. ft Den. C.S8,goId,w. Ddo do ,<l«.gold, E. D

Sandusky. Mans, ft Newark TtSt.LoUls, Vandalia ft T. H. lit

do do 3dSt. L. ft So'eostern lat 7a, goldSt. L.. ft St. JoBepb.lBtita, gld

D14. Aak

99

80

l«"•9KX82K89tlH81

S334

ii^85

101

M

SBn(i'

M.«x

n'•I

98to

«>

|l{10«770988061

as

l:S 113 laulernat'

St.L..ft St.JoBepn.iBtJH,gidSonthem Central of N. T. S.

.

"Tebo A Ne08ho78, goldUnion A LogansportTsUtah Central 68. goldnuca, CIm . ft Bl ng. 7», guar.

.

Union Pac, So. branch.M, gldWalklll Valley Ist 78, gold ...

West WIsconun 7s, goldNeiv Loans.

Arkansas State Bonda, end. 7a("ln..I!irli.*F.W. Istmgld'iaChic, ft Can.Sonih. :st m gl^<-h.. D. ft v., I. dlv., I m gfa 7>

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do do Idr,";Nortb. Pac. Ist n.gold 1 •ISpnng.AIII. 8.K. Th. iDiiii

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jc, Loau A H. K KK eoa. nrosab. A kastltll. btmSoaCb Bide of L. 1. lal m. tx.

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do taAagiuia, Ga.,7a,baada_....Charleston atocK 6a ,

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do 6a, newNewOrlnnaSaao oo conaol.'

bonda, 1b,

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to rsllrosd*,U

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do 7a, new .....WUmliigton, N.C.tiaoM....

do do li gold...XAILlOAPa.

Ala. A Chatt.. lat. M, ta, ud..AU.ATens.klst M..ta. ..

do 3<IM.,1aAtlantloAOall consol

do do rnd BSTsB^do do stock.do do do gttaras.

Central Ooorgta. lat Mm 7ado do Block

Ctaarlotta Col. A A..lat m.,7a.do do stock

Cborleaton • Savannah ca.end.Saroanab ankChar . Ist ni.,7a.gbemwand |}arl)ngt*>n 7aaoiTenn. A GevMvta6«

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do do av.Kk,...SsorgU R. K.. 7» _

do atockSrMBTllle A Col. 78. guar....

do do 7a, cf-rtll.ICoeon A Brnnawlcl. end.Ta..Ifacon A Weotern atockMacon oad Aoguata bonds. .

.

do do endorsedo do stock.. ..

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do do 3d Ta.do do stock.

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.

do do 6:.

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do do luLMoBlcom.A KufsnU lot Sa.gMeDd.br State of AlaboOM..

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do do 3ado do 3d mo., 8a

Nortbeostern, B.C., lat M.Bs. . -do 3dM.. 68

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.

do Ids. ta .

do 9da. «i..

do 4tba.8a..RIcbm'd A Peterb^ lal m., la

.

do do ad n., te.do do 8d m.. a

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Ucb. aBd DoaT.lst coBa*d te.do Plrdmonl ta. .,

d^ Ists, !i»

Selma, Uome A P..liit M.. 78.,

South * Snrth Ala. Ist M.,!k.Soulhatde, Va.. lal mtg. Sa

do 3d m., nart'd ta..,

do 9d m.,Hdo 4Uim..tB

SOBlbwe*!. RR., Ga.. Isi mlg-do stock

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do Ma,tido MatB

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do C1iARath.lBtai.sa*latM.,k.

m

i

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dodo do

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2«0 THE CHRONICLE. [MaTch 1, 1878.

NEW YORK LOCAL SECURITIES.

Bank Stock l^lmU(

Insurance Stock Ll.t.(Quotations by E. S. Bailet, broker, 65 Wall street.)CuilPANIBS. Capital, i 1>ividii>d6. i

Pbick.

Harked thus (*) arenolNutloQal. Par Amount. Periods.

1

1871 1874

10

Last Paid

.

J.1D., -73.. .5

Jan., '67...6 .

Nov., •7;... 4 .

Jan., V.'...4 .

Bid. i^skd

COMPASIKB.Capital. Net PrB

PLUS,Jan. 1,

ISTS."

DlTIDEKDB. Pkice.

. , -, 100lOJ

10075

1(10

252525

100k5110!5

llHI

1110

iim

100100

100iim

•a251001001003010010(1•»

40100100JOO511

lOO10050w

10.)

1(«'

255025100611

5'i

100100100<5

10050100l:«100100100100100502560

yy\25iO

100100;oo

100100100

;oo100101

1004050

100

S.OCO Ol'O J . & J

,

500,0lfl J.&J,6.0(10.0110 M.&N.300,04) .1 it. J

10 !50 .

iiiji

Bid.American.

.U..|.„.. UU„ 1»1U.

8

•jiHi1081286102096

81016

's'

710

SOs

10

4

720108

"e'8

"iii'

108\l

10109

1010

88

8

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8

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10166>8711208

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7COlU84

1281012111

812•0

10

810

108

6

Adilatlc 25100SO10026602.i

iro2517

2070:oofO100501002540100806(1

171010

lOti

la606025100:6

6060

11

«

2650

10(1

506030201050Kfl2560251(010025605060.'0

6050

^M100101(0252510020206060

100

100

2:w2i

6(

ir(M2.

2J

2!

in5.

200.000200.000400.000200,000250.000iOO,000810,0002O0.(HO

500,000153,000800,000210.C00250,000800,000210.000200.000

l.OCO.OOO

200.000800.000200,000200,000200,0(^0

201,000160,000150,000200,000

1,010.000500.00020'.000200,000S0O.00O150.000250.000200,000

2,500.000150.000r 00.000200,01 '0

500.000200,000200,010150,000280,000150.000200,000150.000200,000300.0002 0.00n2r.o.nori

200.000i.-iO.noo

200,000200.000300.000150,000200,000200.000210,000•20(1.(100

200,000.^00,00(1

360.000200.00(1

200.000150.000

150,(00I.OOO.OOfl200.00f

800.00C

worn2(X).Wl

SUCflK•50,00(

200.00(

200.00(200.00(

20(\00(i 15O.0(l(

> 2.50,00(

1 20O,00(

6.15012.607

3fi9.t'8r

27,845

'l'4'.4'23

260.196fO.300181.471200 088114.4001(15,898

64,(:63

22,666116,211

10 10 July, '72..

5

5 July, '72..14 Jan

., '73. .7

6 July, •r2..6

10 Jnly,'72..5.... Jan.. '73. .5

20 Dec. ,'72.1(1

iic'

iss"

200,(100

l.iW.HO201.1.(00

PO0.O(03,000.1100

450,(100

SOO.'UiO

m\avI.ITO.OOOlo.om.ooo

750.0002,000.000l.OiOOOOKW.OOl

l,O0O.0(fl

860.00'ao,(«l;S0(«,6001101

i,m.m6011.000

2 000.(100

20o,oaiJOO.OOO800,000

1 OUO.'IXI

500,0001.50'VOi600.(00100,000600 000

2,050,(«)0500,000400.000

1.000.000

2 000,000500,000600,000

1,00,1,000

3,0 O.OCO

1,235,000

J.&J.J.* J.Q-J.J.&J.J.& J.J.&J.ev. 2 moeJ.& J.M.&N.J.& J.J.&J.J.&J.F.&A.•J-J.J.&J.J.&J.J.&J.

j:& j.M.&N.F.& A.M.&N.M.&N.J.&J.J.& J.F.&A.J.&J.J.&J.J.&J.J.&J.F.&A.J.&J.J.&J.J.&J.J.&J.M.&N.JI&N,M&N,J.&J.J.&J.

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.

•^ 19 soo

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98150

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Jan.! '73.. .4 .

Jan., '73.. .5

Jan., •\i..A .

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Jan. '73. .-4

. July, '71. ..8 .

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.Jan., '73...

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! Jan., '73.3X .

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Jan., '73.. .4

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Nov., '71.SKNov., '72.. 11'

Jan., '73.. .5

Jan., '73.. 4

Feb., 'T2.,.4Jan., '73.. .6

Jan., '73...

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luly, '72...

5

Jan., '73.. .6

Aug., '72...

6

Jan., •78.. .4

Jan., •73.. .6

Jan., •73...

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.Ian., ^73 ..5

Nov., '72.. .4

Nov., '72...

6

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,Ian., '73...

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47586.79974.25216.195

210.7176,81;0

91.859160 551100.000330.29918.3773,015

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191 ,3-, 389,13999,163SS,l«l94,58715 619

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118,477

7'o',413

470,2933,76213,7729,467

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Aur.,'72.14July, '72..

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s'ept!,'^^ra!;6

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604,00

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10 10 Jan., '73. .5 183 135

200,0001,000,(K10

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500,0001.0(0,000500.000800,000

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1216121078

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Nov., •72...

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Jan., '73.. .5

i jRn","'V3.".4Jan., '73.3KJan., '73.. .6

N.'V., Vi,..4Jan., '73...

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Jan., '73.. .5

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Jan., '73. .7

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Jan., '73..

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i 187,019

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StnvvesantTra'deemen'sUnited States ....

twashingtonWilliamsburg City

Brooklyn Gas Light Co....Citizens' Gas Co (Bklvn..

do certiiicateeHarlem

20

"602060

2,000.0001,200,000soo.iico

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4,000,000inoo.ooo2,800.000750,000

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Aug., T2...5Jan., 'Ti...5Apr., Ti.iaAug., 'T?...5Jan., '72.7K

.. Jan., 'TV... 5Various.

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do Bf^'nJ.&J.J.* J.

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1110

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100.000

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900,000 .

6»4,0002.100.000

1880June 12

1884Nov.'TS1872

":6'

"w"m

1

....

76

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]fem York:Water slock 1841-«S.

do 1l.'54-57.

Croton waterstock. .1845-61.

do do ..1852-60.

Croton Aqued'ct stock. 1866.

do pipes and mainsdo reservoir bonds

Central Park bonds. .1853-57.

do do ..185S-«5.

Beal estate bonds;. . .1860-63.

Dock bonds 1852.

do 1870.

Floating debt stock. . . , 1860.

Market stock 1865-<8.

Soidiers'ald fund 18(8.

do do 1863.

do <lo 1863.

Improvement stock 1869' do do ...,1869,

Consolidated bonds var.

56566766665767667«7

?7

•7«77767

7

6777

7

Feb., May, AuK.& Nov.do dodo dodo dodo do

May & November.Feb., May, Aug.& Nov

do dodo dodo dodo do

May & November.reb..'May, Ang.& NovMay & November,

do dodo dodo dodo dodo dodo dodo dodo do

January & July,do dodo dodo dodu dodo dodo do00 dodo do

January &J Illy,

do dodo dodo do

1870-801875-791890

1883-901881-19111881-19001907-111871-981874-951873

1871-7619011878

1894-971872

1878-7518761889

1879-9919011B88

1879-83

18T2-911885-011881-«i1872-951911

1915-211881-1902variousvarious

1877-951899-1902

18T2-791874-19001816-91

73

J.&J.J &II.J.&D.Q-F.

J. & J.

firoadtcai/ it Seventh .4re—stock.98

Brookltjn Cf^.v—stockl8t mortRage

£klyn,Proxpect PkA

1 99

:;;:::;::::;i?Va<6—stockl

SOO.OOO254.000 .

7 98106

800,000200,00080,000 .

76

M.&N.J.&J.

1878JuneTJ 'ioo

12012080

Jiroadioaj/ (Brookli/n)--~Btock9»98

4,00(l,(X10

700,000 .

115.(100

lOO.OOO164 .IWl

1,161.000 .

7

7'

77

J.&J. 73Atlantic Avenue, Brooklyii—Block

98iRi mortgaijce A.& O.A.&O.J.&J.

is'i183418i5

2d do3rd do

Central Pk, y. dt E. iWc«r—stock97!f0V393107

1st mortgage 5,50.000

250,0' 10

600.000 .

77

F.&A.M.&N.

18821890

Coney Inland db Brooklt/n—atock.214.000

1,200,000420,00080J.000 .

727

J. & J.

M.&S.Dry Dock, E. B. (4Ba«ery—stock Nov.^T

1874-76S79590

i 'iio'

)"75'

i-jri"

100

ioo"

n

'iA mortgage Street imp, stocdo do

£' var. 99104

9<

10394 SiOUmM999899M

100105Elgh th 4cfini/fi—stock IOO

1«0100

100020IOOlOCQ60

1000

1010P('

1000110

ICO1011

1000ro1000

1,000,000208,000750,000200,000170 0(10

797,000 .

67572

J.&J.J.&J.M.&N.A.&O.

Jan.,T

NOT.T-1873

July^7

43<J St. dt Grand St ^erry—stock.. Brooklyn :1

City bonds 18l9-«. 98104

18B2-65:Jfinth Avenue—stocU

Ist mortgageLocal Imp. bonds... 62 ii

104101167,000

800,000850,000200,000150.000815.000750.0002M.00O

2.0(10.000

2,000,0003'X),0Oii .

72777

5

'1

J. & J.J. & J.J.&D.F.&A.A.&O.M.&N.M.&N.J & J

N.Y. Bridge bonds... .1870.

Park bonds 1860-71.

Water bonds l.<57-71.

Sewerage bonds 3 years.Assessment bonds... do

Jerfiev City :

Second Avenue—Biock Juiri1877187618851888

Nov.T1R1V1

! ...

"bo'., 140

"si"ei

80

'inn"Sixth /tp/^rtHC—stock

lut mortgage 9341

C

9»100

:ou

'fhit'd vjre/i?/e—stocl131 mortgage

Q-F. Nov.^7!J & J ir90

•iso"!.:-..! 1 inn

1869-71

Bergen bonds 1888-69.IslniortgKeR. 125,0 7 1 ii;*8V ::;;:;::l::::::l:::'::

Vbli colnnui ibuMraltu t(U rld«i: do B«(OC« >, Du I osc 9 «i mkvonly Oonat.""^"'1

March 1, 1873.) IHE CHRONICLE/ 291

3nt)Cfitment0

STATE, CITY AND CORPORATION FINANCES.

r«- KXPr.ANATIOfJ OF STOCK ANH liONI) TABLES.1 • Prlcew of the mo«t AcMve StockB and Bonds are given In the " Pnnk*

cru' Gazette," |)reviou«ly. Full quiitatlous of all other nccurltlo will befound on pi-ecedin« pa^eK.

2. Goveriiiueiit Meciirlttos^ with full Infonnatlon In roeard to eachIPBue, the perl<MlH of IntereMt payment, elze or denomination of bondi*, andnumeronii other details, are given In the U. 8. Debt statement publliilied InTuK CnnoNici.B on the Unit of each mouth3. Vlty lloiidn, and RriiU, liiKiirnnce, <Ut)r llallroHd and

(iia« Stock*, with quotations, will usually bo published the tlrst threeweeks of each tnouth, on the pn^e innnedlateiy precediuK this.

4. The Complete Table* of Ktate Neeiirlllen, City Keciirl-tlos, and Railroad and [TIlNccllaiiooiifi Ntockn and Hondawin be regularly published on the last Saturday lu cich month. The publi-cation of these tables, occupying fourteen pages, requires the Issue of aenpniement, A'hlch Is neatly stitched In with the usual edition and furnishedto all resular subacribcra of The Chronicle.

INTESTMEN rs.In regard to investments of money in mortgngeB upon real

estate, we have heretofore called attention to a company formedfor the express purpose of facilitating such inveslments, byadding the quality of easy negotiability to all the other well-

known advantages of this popular form of investment.

The great objection to real estate mortgages, particularly

among business men, has heretofore been the legal expense of

searching titles, &c., and the diiliculty of using them as collateral

security for loans, or of selling them readily in case money is

wanted in an emergency. The Equitable Trust Company,whose card is published in our advertising columns, remedies

these objections by takincr all the responsibility of examintntr

the property and seaiching the title, and as an evidence

of its care in these respects places its own endorsement on '

the bonds secured by the mortgage. It appears to us that these

bonds thus secured, and having the guarantee of a company witha paid up capital of |1,000,000, and managed by otBcers anddirectors who are well known as among the most honorable andsubstantial financial men of New York, should i be considered a

fnvorite security. More information as to the practical workingof the company's business can be obtained at its office, 78 Cedarstreet, from Mr. Jonathan Edwards, the President.

The Union Pacific Kailroad Company advertises the paymentof March interest on its income bonds, and it must be remem-bered by holders that the bonds are required to be presented this

time as well as the coupons. Mr. Ames stated in his speech this

week that under the Oakes Ames contract the actual cost in

money of building the road was abovlt $70,000,000, and the actual

profit on this expenditure, estimating the securities and stock at

their market value when received in payment, was less than

110,000,000.

Chesapeake and Ohio gold 69 have been advanced to 87^. TheCanada Southern Road is finished from the Niagara to the De-

troit Rivers. The 7 per cent gold bonds of the connecting line

Chicago and Canada Southern are selling at 00. A statement of

the earnings of the Chicago, Danvillo and Vincennes road for last

year will be found elsewhere.

As to the matters of railroad and financial news given below,

it is to be observed that several of the items appeared more than

a week ago, but the publication of them was prevented in last

week's Chronicle in consequence of the space given for our

extended monthly tebles.

coupons of 1873, which the propoaitioo lubmlttad doea not provid*for at all, will not only prove of great embarraaament to the 8taUttreasury of themselves, but the fact that they are unprovided forwill disincline many bondholders to come tuto any arrangementwhich may be agreed uiw)ii here as ti the interests of 1W8.The committee stated that this scheme, which merely embraeea

the interest of 1H73, Is an experiment which they can undertakewith some prospect of success. They do not mtkts any propositionas to the past, leaving that to lake care of Itaell, and only teekloirto reach an accommtKlatlon of the present. Tliey could not an-dertake anything which may entail an lucreaoi of taxea, whichview was finally agreed to l>y the bondholJers present.

Alabama Fiiioncen.—Momtoo.mkky, P'ebniary 21.—The Houi«passed the bill authorizing |il,5tN).U<MJ in Ijouda to oay uutstaodiogliabilities, includinff )>aNt due interest. A bill has also paaaeaboth Houses, and been approved by the Uuvernor, Increatiog therate of taxation (illy per cent.

Georgia State Finances.—The I,eglitUiare of Oeorgia b<iaadjourned without disposing of the bond questirm. The proposi-tion of Co°i. Snead, representing the Ixindliolders, was that theState should pay $1,400,000 to the holders of gold bonds, and toothers certain amounts, making a total of $1 .511,000 In Bevon percent State bonds at ninety cents on the dollar, and dae at fromten to fifteen years.

Iliiiiois Railroads.—The Supreme Coort of Illinoia baa jaatrendered a decision which is likely to stimulatn the excitement iathe West on the transportation question. It has reversed thecelebrated decision of Judge Tipton of McLean County. aArmiofthe constitutionality ol the Slate law prohibilinK railroad com-panies from charging discriminating toll rale', and sustains theappeal of the Chicago Jc Alton Railroad Company against it..

—

Daily BuUetiit.

Alabama &. Chattanooga Railroad.—(iovemor Lewi»submitted to the legislature the provisional contract forthe sale of this road, which is executed to the NewOrleans & Northwestern Railroad Company. The Mont-gomery Mai', says: The company, represented by Mr.Ingraliam and a set of highly respectable men, as we are in-

formed on good authority, at New Orleans, are either actually

constructing or preparing to construct a railroad from NewOrleans to Sferidian. Miss., and they desire to obtain possession of

the Alabama and Cliattanooga road with its terminus at Cliatta-

nooga, and there connecting with the Oreat Eastern and Westernlines to Louisville, Cincinnati, and St. Ixjuis in one direction, andKnoxville, Baltimore, Philadelphia and New York in the other.

The New Orleans Company pay no back interest, bat they assum«all interest for the future. TbU is about the beat, we imagine,that can bu done.

Virginia Finances—The Baltimore Sun says the bill for thepurpose of providing for the payment of the interest on the Vir-ginia State debt, the mail points of which have been heretoforepublished, will be more fully understood by the following confer-ence and agreement between the legislative committee and bond-holders, lately in convention at Richmond The agreementsubmitted by the committee is, according to the report of theW?dg, 10 provide by proper bill for the payment of interest due1st January and 1st July, 1873, as follows: Pay at rate as fol-

lows : Four per centum per annum on funded debt ; four percetUim per annum on two thirds unfunded deot ; and at the saaierate on five per cent bonds. For each coupon redeemed to issuea certificate for one third to the following effect : "Due by theState of Virginia to the bearer (one-third amount of coupon re-

daemed) without interest."

One of the bondholders desired to know if the legislative com-mittee had any explanations to add to the propositions tendered.He would like to know what was to be done with the maturedcuipons, which were the chief difficulty in the way of an amicableadjustment.The committee said that the prorosition relates to and embraces

only the intereft for this year (1873), becitming l>t of January.And while they would be glad to provide for the past due couponsand for the whole unpaid interest, the pr.)p<>sition only oiTera to dowhat they think the State)can now do and no more. The gentlemanrepresenting the bondholdors added that it will be found thivt theae

The Atlantic & Great Western Railroad.—The storkhoMersof the Atlantic and Oreat Western Knilivay, at a me--ting laat

week, ratified the negotiations recently completed by the man--agers of the road for the lease of the Pennsylvania PetroleumRailway, the Plthole Valley Railroad and the Chenango andAlleghany Railroad. The PennaylTania Petroleum Railway,which is to run from Titusville, Pa., to Cambridge, on the Atlan-

tic >t Great Western, is only partly built.

To obtain the necessary funds for leasing these different roada,

the Atlantic & Great Western Company, through its Londonagents, Messrs. Bischoffsheim & Goldschmidi, have just negoti-

ated a loan of $4,500,000 on seven per cent n-ntal trust bonds,

being part of $6,360,000 specially secured by the rental of lh«Pennsylvania Petroleum' Railway, the Pithole Valley Kailroad,

and the Chenango and Allegheny Railroad. The bonds are ia

the denomination of $1,000 each, payable in thirty years. In NewYork or London, by an accumulative sinking fund of one percent per annum. The interest is payable half yearly, the first

payment falling due on July I. 1873. The sinking fund will boapplied by half yearly drawings on the let of May and 1st ofNovember, and the bonds so drawn will he paid on the Ist of

July and 1st of January following each drawing.

Notice has been given that a further issue of $1 ,860,000 will

soon be made for acquiring remaining interest in the Chenangoand Allegheny Railroad and for the extension of the Pennsylv*-nia Petroleum I{ailroad to Lake Erie.

—

Evening Pott.

United States Rolling Stock Co—The annual report of the

President, Gen. George B. McClellan, (Dec. 31. 1872,) sUles:

"At the date of my first report I informed the shareholdera

that the Board of Trustees had decided to issue the balance

($2,.500,000) of the capiul stock of the company originally eob-

Bcribed for in order to meet the payments falling due under the

contracts already entered into lor the construction of stock, andwhich then amounted to $4,900,366 60, being an excess of

$2,460,366 60 over the paid up capital." I have to congratulate the shareholders upon the succ«M

which has attended the issue of the second half of the capital

Bloc"--.

" On the 4lh instant (January, 1873) Messrs. Bischoffsheim &Goldschmidt, the London agents of the company, notified the

Board of Trustees that all the shares had been taken, thusenabling tUeni to place at the disposal of the company the

amounts paid in as provided for by the prospectus." On the 20th of December last the Board of Trustees declared

a dividend of SJ per cent, payable on the 15lh instant, making,with tbat previously declared and paid, a total dividend for the

year of 8i per cent., a very satisfactory result, as it must be bornein mind that none of the 'stock has earned a lull year's rental Aglance at the statements will give a clear and precise Idea of

the progression of the deliverlea and ol ths rental earned there.

Irow.

292 THE CHRONICLE. [Maich 1, 1878.

"The payments for stock amounted, on tbe 30th of June, 1872,

to $735,361 60; while on the 31st of December they foot up

$2,764,104 54." The company owned on the same date

:

Cars, &c., underConstructionDec. 31, 1872.

Box 903Coal 26Gondola 60Stock 2271st Class Pass. . 16Locomotives 76

28 Locomotives, representing a value of. . $319,2008S First Class Passenger Cars 176,867

15 Second Class " " 72,937

4 Combination " 17,215

23 Baggage " 51,240

2,735 Frlfght " 2,172,754

"The usefulness and complete success of this company is

demonstrated by the fact that while on the 30th of June the

Atlantic & Great Weetern Railroad Company was the only im-

portant lessee, the statements now show ten other leasees.

The capital account of the company atandu as follows on the

Slat December:Proceeds of first Issue **'5SS'SSS ilSInstalments on second issue 500,000 OO

Total $3,000,000 00

The income up to the same date has been

:

From interest $3.5,025 93

From gross rentals 262,379 32

Total $297,405 25

Out ef which dividends (and expenses of paying the same)amounting to $211,573 Sg

have been declared and paid.

The expenses during the year, including those incurred in the

or)?anization of the company, amount to $51,851 71, which amountwill be somewhat increased when some payments for whichTouchers have not as yet been presented are made.

The Erie and Atlantic & Great Western Railroads.—TheDirectors of the Erie and Atlantic & Great Western Railroads

announce that they have secured a majority of the stock of the

Cleveland, Columbus, Cincinnati and Indiana Central Railroad,

and at the annual election in March will assume control. TheCleveland, Columbus, Cincinnati and Indiana Central is an im-

portant feeder of the Lake Shore Road, joining it at Cleveland,

and its present capital is $l,'i,000,000.

Erie Railway.—Tlie following resolutions were adopted bythe New York State Senate :

Wherea?, It is allesefl that large sums of money have been paid out of thetreasury of the Brie Railway Company as counsel fees, or for other fervicesconnected willi its interests, pending before the Legislature of 1872, andespecially in procuring the repeal of tlie act commonly known as the " Class-ification Act;" andWhereas, It is further alleged that large sums of money were paid to pre-

vent tlie passage of said act; andWhereas, It is alleged and charged that the change of directors and removal

of oflicers of the Erie Railway Company, in the month of March last, wereeffected and produced by corrupt n?oane ; therefore.Resolved, That a committee of five be appointed by the Chair to investi-

gate the truth oi falsity of such statements, with power to send for personsand papers.

The following circular (No. 3) has been issued by the ErieRailway Company, dated Feb. 15 :

" It is hereby directed that all payments of interest on registered

bonds and of dividends on capital stock be made by the issue of

the company's checks, payable to the order of the registered

owners of the securities ; and that such checks, if not applied for

by the owners in person, or by their request sent to their post

office address, be delivered to the agents or nttorneys who maypresent proper orders or powers tor the collection of the moneys.But in no case, as a rule, shall the currency be paid or the checksbe drawn to the order of such^agents or attorneys."

W. P. SheABMAN, Treasurer.

Erie and Boston H. & E.—The Erie Railway Company hasfiled a bill in equity in the United States District Court of Massachusetts, to restrain the trustees of the Boston, Hartford andErie Railroad from forming any new organization affecting theexisting status of the corporation, by foreclosure of the Berdellmortgage ; also, from selling, assigning, or otherwise disposingof the franchises of the road under such foreclosure.

Central RR. of New Jersey and Delaware, Lackawanna &Western.—The following is a copy of the act passed recently bythe New Jersey Legislature, in reference to the agreement of

March 16, 1872

:

An act to validate a certain agreement between the Central Railroad Companyof New Jersey and the Delaware, Lackawanna & Western Railroad Company.

Be U enacted by the Senate and General Assembly of the Slate of New Jersey :

Tiiat the agreement made and executed by and between the Central RailroadCompany of New Jersey and the Delaware, Lackawanna «& Western RailroadCompany, dated the 16th day of March, 1872, and which, on the llth day ofOctober, 1872, was recorded in the office of the Secretary of State, shall be andthe same is hereby confirmed and declared to be a valid agreement, any law to

tlie contrary notwithstanding, and the said parties to said agreement mayexercise all the powers necessary to give effect to the purposes, objects andintentions tiiereof.

And be it enacted that this shall be a public act, and take effect immediately

Last autumn the Central Railroad, contrary to the agreement,declared a dividend on its own stock, and inasmuch as the agree-

ment had not been made matter of record within the time specified

by law, the Chancelloi decided that it was null and void. Up to

the present time, therefore, they have conducted their business

separately. The new law is simply a special act declaring the

agreement a good one.

Delaware & Hndson Canal.—The following important circular

has been issued, dated February 30 :

To provide means for the completion of the line of railroad now under con-struction on the west shore of Lake Champlain, and for other purposes con-nected with the extension of the business of the company, the Board ofManagers have decided to issue the remaining fifty thousand shares of thecapital stock, as authorized by the stockliolders at the annual meeting lield»ay 12, 1868.

You are hereby notified that, in pursuance of the ordinance adopted by thestockholders, there will be apportioned to every person who shall be a stock-holder on the Ist day of April next, one share for every three then standing inthe name of such person on the books of this company.The stock will be issued at par, and must be paid in cash to the Treasurer

of the company, in instalments, as follows

;

Twenty-five dollars per share on the 15th day of April next.Twenty dollars per share on the 15th day of .July.

Twenty dollars per share on the 15th day of October.Twenty dollars per share on the 15th day of January, 1874 ; andFifteen dollars per share on the 15th day of July, 1874.Interest will be allowed at the rate of 7 per cent per annum upon instal

ments, and parties may take full paid stock and be allowed interest from dateof payment to August 1, and be thereafter entitled to a participationdividends.A failure to pay first instalment wiU be regarded as a refusal on the part

the stockholders to avail of the privilege offered, and the non-payment of anysubsequent instalment will involve the forfeiture of the stock and of all thatmay have been previously paid on account thereof.

The transfer books of the company will be closed from the evening of March31 to the morning of April 15.

By order of the Board, Tho-has Dickson, President.

Union Pacific Railroad.—In response to the House resolution

the Secretary of War transmitted the report of the QuartermasterGeneral, showing that the Government has paid the Union Pacific

Railroad Company for transportation the following amounts,namely

:

During the fiscal year ending June 80, 1867 $111,401" " 1868 969,286

" " " " " 1869 478,5.35" " " " " 1870 487,288" " " " " 1871 701,246" ' " 1872 481,989

" " which will close June 30, 1873 12I,.363

Making a total of $3,351,040

Of which one-half was paid in cash and one-half in credits onaccount of railroad bond indebtedness to the Government. TheQuartermaster-General estimates that the cost of moving the sametroops and supplies by stage and wagon would have been $9,850,-

135, showing an estimated saving to the Government by the rail-

road transportation of $6,507,383, or about sixty-six per cent.

New Bedford and Taunton.-The New Bedford Standardsays the New Bedford and Taunton corporation held a meet-ing last week and voted to ratify the proposition of the

Directors to sell out to the New Bedford Railroad Company, in-

stead of the Boston, Clinton and Fitchburg Company, as voted on27th November. This was only a matter of form, as the NewBedford Railroad Company is to lease its property to the Boston,

Clinton and Fitchburg.

Canada SontUern.—The last rail on the Canada Southern Rail-

road was laid Feb. 20, and the entire line is now completed fromBuffalo to Toledo and Detroit. The length of the main line andbranches is 293 miles, and the road is laid with steel rails and has

no grade above 15 feet to the mile. This is the eastern link of

the new route from Buffalo to Chicago, the western link being

the Chicago and Canada Southern, which it is expected will becompleted the coming summer.The Board of Directors of the Canada Southern Railway have

appointed Mr. William H. Perry as General Freight Agent of

that important line. The Bufl'iilo Commercial says they could not

have selected a better man for the place.

Pennsylvania Railroad.—The Legislature recalled from the

hands of the Governor the bill, which had passed the Legislature

unanimously, authorizing the company to increase its capital andbonded debt to an unlimited amount, and substituted another,

which is now a law, authorizing the present stock and bonds of

the company to be doubled. By the last annual statement of

Feb. 6, 1873, the company was allowed to issue in capital stock

$55,000,000, consequently the present authorized capital is

$110,000,000.

Wilmington, Charlotte and Rutherford Railroad.—Wil-mington, N. C, Feb. 30.—The first mortgage bondholders of the

Wilmington, Charlotte and Rutherford Railroad Company haveobtained a decree of foreclosure in the Superior Court in this >county. The bondholders compromised with a number of credit-

ors of the road who were resisting the foreclosure. C. M. Stead-

man, E. E. BurruBS and John D. Taylor are appointed commis-

sioners to sell the road after giving forty days' notice. The bond-

holders say they wil complete the road to Charlotte by Jan. 1,

1874.

Chicago, Danville & Vincennes Railroad.—The financial

agents, Messrs. W. B. Shattuck & Co., romark as follows in their

annual statement ;" It should be borne in mind that this was a

hard year for a new railroad, for not only did it have to work up anddevelop its business, but the strikes in the coal mines (not yet

settled) had a peculiarly disastrous efi'ect upon our traffic, as coal

is the source from which we expect a large proportion of our

earnings. It is further to be considered that our earnings, thus

far, have been entirely from the 133 miles constituting the Il-

linois Division, and that the Indiana Division, running direct to

the coal mines, and therefore ensuring large and profitable coal

freights, has not yet been in condition to earn anything. Not-

withstanding these disadvantages, the gross earnings of the road,

as shown in the following detailed statements, have been $627,-

930.32, the operating expenses (including current interest and ex-

change, legal expenses and rents, which are not generally re-

ported among operating expenses), $350,077 54, leaving as net

earnings $277,853 78, or $3,104 94 net per mile. As the interest

charge on the bonded debt of the 132 miles ($175,000 gold) is

about $1,491 40 per mile (currency), there is a surplus, after pay-

ing all expenses and interest upon bonds, of $613 54 per mile.

Vermont Central Railroad.—A number of the Vermont Cen -

tral first mortgage bondholders have applied to the Hon. HomerE. Boyce, Chancellor, for the removal of the trustees and managers and the withdrawal of the road and its franchise from their

Match i, lB?i) THE CHROmCLli mcontrol. The petiton was placed on file. Connsel for the Ver-mont and Canada Railroad have aUo fllod a aimilar petition.

The Chicago & Alton.—Tlie annual report for 1872 hLows :

Capital stock $11,865,J()0 I Exponaea 8.»TI,178Bonds and other obligations lt;,771,!«in Income 3,fl3<l.l03

Earnlnga .%1M,3-J.'> | Dlabnraementa l,on,ililO

The gross receipts from tralHc were aboat 2 <<-10 per oent less

than those of the preceding year. The net receipts wore aboutl4i per .;ont less than those of the preceding year.

The operating exjenHes of the liiio (i^xclusive of taxes) amountto sixty-one per cent of gross receipts, including taxes 83 6-10 p«'r

cent. Daring 1871 the operating ezpennes were CO 13-100, and58 86-100 per cent respectively.

Pennsylvania Bonds.—Philademmiia, Feb. 27, 1878.—A dis-

patch from llarrisburg reports unolHc;nlly that the Commission-ers of the Sinking Fund have resolved to pay, on presentation,

$1,250,000 of the five, ten and six per cent bonds of the Common-wealth, being certificates of f5,000 and under, and to stop the in-

terest thereon after ninety days' notice.

—The Kansas City, St. Joseph and (Council BluflTs liailroad hasbeen mortgaged for $8,000,000, to provide funds for the betterequipment of the road, to procure additional grounds to pay float-

ing liabilities and to provide for contingencies.

—At the annual meeting of the Consolidation Coal Gompany the' following officers were elected for the ensuing year : President,Allan Campbell ; Directors, W. H. AspinwalT, Wm. M. Evarts,Wm. H. Neilson, Wm. Whitewright, Jr., Warren Delano, A.Narrie, D. Stewart, Henry A. Mott, James Roosevelt, Q. B.Warren, Jr.

(^alcksilver Mining Co.—At the annual meeting of the stock-holders on Wednesday the following Directors wore chosen

:

Daniel Drew, James S. Thayer, James H. Banker, A. B. Baylii,E. D. Stanton, E. N. Robinson, Eugene Kelly, Edwin Hoyt, Geo.G. Pride, Ludlow Patton, James D. Smith. Subsequently thefollowing officers were chosen for the ensuing year : Daniel Drew,President ; James S. Thayer, Vice-President ; Eugene N. Robin-son, Treasurer ; David Mahany, Secretary. Tiie annual report ofthe company shows that the total product of the mine lor theyear ending December 31, 1872, amounted to 18,573 flasks, whichwas sold for $937,886 gold. The net profits, including rents,

amounted to $431,759 17. In the expense account $100,000, thecost of tunnelling and prospecting, was included. The report

show* that tb« company ha* no floatlar debt : that It haa en bud$460,000 In cash and $115,000 worth ol qalekailvrr and luppliw.The quickallrer pro<lucud last year was sold and dellvnred undarcontract at $31 per flaak tor the firit three montha, aad at $30 00per flask during the remaining nine month .

—The J{. K. OtuetU givea the following

:

SpartenburK It Union.—The purcbaaem of thia road at tk«recent sale were Alfred Austell, Vice Presldput, and U. Y. HcAdana director of the Atlanta & iiichmond Air Line ('ompany Tb*price paid waa ${(08,000, of which $.'10,000 la to be in eaab. tb«balance in three annual instalment*. The road wa« sold omotime ago to Uen. Worthington for $4SO,000, bat tha purchaa« wmnever completed ; hence the present sale.

liancaster & Reading Narrow Onai^e.—This company baa neculed a mortgage of $330,000 on Its tjuarryville Breach. Thebonds will bear 7 per cent intereat, and David Balr, AmM 8. Hen-derson, and George K. Reed are troateea.

Waco & Northwetttem.—Thia road waa aold at traatae'a aalein llouston, Texas, February 4, and was parcbaaed br Vol. W, J.Uutchings, Vice President of the Houston it Texaa (ientral Com-pany, for $400,000. The road extends from Br.imond, on theHouston & Texas Central 143 miles northwest of Houston, In •northwesterly direction to Waco, a distance of 45 miles. It la op-erated as a branch of the Central road.

Utica, Chenango k 8uiH|nebauna YuIIev.—At a meetingcalled for the purpose, held in L'tica, .V, Y., February 13, ft waaresolved to increase the capital stock from $3,000,000 to $4,000,000.It was also resolved that before the new atock to be Issued be de-livered to the Delaware, i«ckawanna & Western Railroad Com-pany, the directors of the latter should give a receipt to the stodl-

holdors of tl^e Utica, Chenango & Susquehanna Valley RailroadCompany, stating the purposes for which the stock waa receired,

and that the issue of it should not affect the rights ot the stock-

holders under tlie lease. Also that this stock hhouid bear thesame rate of interest and stand u|)on the same footing as thestock guaranteed by the company at the time of the lease. Thenumber of shares voting in favor of the resolutions was 26,1W,or 6,198 moie than the two-thirds recjuired by law. The Increose

is for the purpose of meeting expenses incurred in extending theroad and improving it according to the contract with the Del-

aware, Lackawanna & Western Railroad Company.

MONTHLY EARNINGS OF PRINCIPAL RAILROADS.Atlantic & 0. W. Atlantic & F*e flc. Bur.C. B. & Minn.

1873.

(M9 m.)$374,718

1878.

(585 m.)1351,342324,210372,397393,23441IS,I!44

4SB,591417,008471,110S0S,069547,928471,774404,900

5,131,912

Clev. Col, Cln. * I.

1872.

(aS8 m.)$80,S94

1S73.

(328 m.)$86,851

18T3.

(2«1 m.)$61,368

85,306107,790

107,236

lbb',633

1873.(470 m.)$358,612

1872.

(890 m.)$'M7,538318,627854.766366,900878,498336,434830,970404,986419,439418,598386,614887,404

4,438,079

Lake Shore &M.S.

, ^Erle .

1872. 1873.

(956 f».) (971m.)$1,333,994 $1,316,8311,294,978 ... .

1,460,1731,548,8121,729,2181,463,9611,550,0231,525,2431,643.4841,743,7521,704,8741,392,615

18,390,606

1872.

(281 m.)$65,81964,47669,34664.58166,68274,24273,88493,420113,831126,96898,59284,622

995,865

Han. &8t. Jo.181%. 1873.

(275 m.) (275 m.)$150,497 $164,781214,302lOS-aie187,861170,524

172,3571!»,489214,106281,885188,099

r-Oentral Paeifle-

..Jan...,

..Feb.. ..

..niar....

..Aprtl.

..ntmy...

..Jane..

..Jnly...

..Auk...

..Sept....

..Oct.. ..

..Nov....

187S.

(1,030 n>.)

$592,223.t7I,836

875,762940,596

1.382,7751,222,1401,176.2961,288 2971.332.290

1,375,4951,999,9901,007,128

1878.

(1.166 m.)1852,860

Ohieaf £ Alton.

.Tear.

..Jan....

..Feb.. ..

. .Ittnrch

..April..

. .niay ...

..June..

..Jaly...

..Ang....

..Sept.....Oct,.Nov.....Dec

.If ear..

12,900,196

IlUao's Central.

im.(600 m.)$472,31689»,171318,08138I,6M440.457486,192481.987679,832499.U62513,518454.915861,175

5,161,81»7

1873.(6B0m.)$159,5«8

Cbi( . Daav. ATiB1879. 1873.

(lassi.) (in at.)

»«.MS •

80,1306t.lOt474Wn,37ft5&,»086.16869,00040.440

ai.no

1872.

(1109 m.)$642,466557,068573,175547,988636,373641,410616,680763,966759.967868,746681,339640,183

1873.(llOitm.)$580,499*

Ind, Bl. ft Wettem.

7,923,6M

1872.

(211 m.)$105,076

99,441109,830114,841196,188100 818100,860117,408194.903137,184108,431llt.lM

1873.

(212 m.)

1,364,006

-Kansas Faoifls.-.1871. 1«B.

(•11 m.) (871 m.)$l8a,80« $110,8«191,718300,783Sa.97SSS«.«5SI3.(M381.774318,381311,18844>,8M3lt,S«31SS.M1

».«t4,M

187,i,

(1,09B »/i,)

$1,412,368

1872(1,074 m,)$1,2711,150

1,251,5111,470,0481,521,6181,474,4671,811,1101,204,4431,440,8731,687,8691,8)4,8631,525,8111,433,931

17,537,734

St L. & 8. East.

Marietta & Cin.1873.

(284 m.)$170,023

1879.

(357 m.)$64,897

1873.(5.18™.)$83,196

98,000

97,183

1872.

(284 m.)$152,578142,407160,784146,868188,718164.587149,650162.521191,841208,»n207,911204,196

2,099,927

St. L. ft Iron Xt.1872. 1873.

(224 m.) (2?5 .«.)

$173,707 $146,160156,299 ......189,055178,665187,e25180,786181,943194,156194,000918,396203,731905,698

Kiehigas Cent.1872. 1873.

(669 m.) (715 m.)

11. ft St. Paid.

$505,686 $476,897 ..Jan..484,022 Feb..558,533 ..niar..607,078598,641

..April

..Ufa jr..

505,314 ..Jnne605.808 ..July..580.908 ..Aue. .

667,849 ..Sept..786,383 ..Oct...616,094 ..Not...576.783 ..Dee...

6,994,124 ..Year.

St. Louis, KC ftN.1872. 1873.

(530 m.) (530 m.)$339,380 $ ..Jan ..

945,110 ..Feb....303,978 ..Mar. .

979.850 April.980,933 ..may...396,820 ..June,.987,992 .July..

i§;^ ;..•.•...Auk, .

..Sept...879,580 ..Oct...

..Not...

..»««...

1872.

(1,018 m.)$460,985891,666426,192474,188680,4.32

594,769488,319565,728811,9t;i

950,9452(702,83811513,787

6,957,771

1873.

(m.)

o., Kan. A Tex^a18T2. 18T3.

(476 m.) (641 m.)$49,309 $200,639

Ohio* XiM.1871. 1813.

PadftssTKe.1811. lars.

(398 m.) 093 «nj (471 m.) (4TI mj$973,014 $977,778 ^,110tSn,3iff

190,001

148,113179,604168,461902,000939,009197,383900,933

1.887.469

971,310149,911ni,«8i

446, !8T

9»4,'iM

397.404986,180

18l,«fr

317.410384.118SH,in

St.L. 4. ft T.H. Tol.,P.ft Wars'w. lolede.Wab.ft W. naisaPssUk

9,961,M9 . Year,.

1872.

(337 m.)$158,198140,471166,969154,641147,540149,839130,145167,496177,085901,648178,169109.613

J,'

1873. 1872.

(387 m.^ (US m.)$149,969 $108,188

100,43910^4S6109,191117,90491.52290.070197,851

1873.

(148 m.)$7«,6ei

1873. 1871.

(mm.) (16881^$sn,Mtm,**«Ot,lll

1871.

(818 «.)|4I»,780431,949

447.313510,79948tl8«439 006

... 814.175

114:488 6M.8I;

miio ..:.:. ^^ »»i«»90,866 498,936

un.

Tii,a

i4ajH

MklM

1,170,1H 6,986,n7

294: THE CHRONICLR [March 1,1873.

il\)t Commercial ®imc0.

COMMERCIAL EPITOME.Friday Night, Feb. 38—5 p. m.

There is no change in the' condition of business affairs. The

weather has been inclement. The state of the streets has not

much improved, and heavy ice has appeared in the harbor ;hence

the semi-embargo upon trade, resulting from tlie repeated heavy

snow-falls which has existed since Christmas, continues. The

money market has also been a disturbing inflaence. Advices

from the North and West represent that the farming community

complain bitterly of the " hard times," of the low prices of what

they have to sell, and the high cost,of what they must buy. Col-

lections are therefore difficult.

Provisions have been less active, and prices have shown someirregularity. The following is a statement of the course of ex.

ports from this market from Nov. 1 to Feb. 25, inclusive, for four

years

:

*

IS^a-T.?. 1871-7?. 1370 71. 1869-70,Pork, bWs 61,931 £,1.209 ."iO.l'a 26.72.Beef, bbU., tcs 40,013 40,703 68,397 a7,.S«0L»rd, lbs ,...70,867,383 R3.043.154 29,792,558 10,709,907Bacon, lbs iaiJ.RD5,676 85,108,350 27,031,771 15,237.183Butter, lbs • 1,2.'>5,74« 1,781,067 915,164 4-27,941

Cheese, lbs 10.3!7,02;J 6,815,733 11,380,262 B.973,732Tallow, lb» 15,894,612 19,125,165 6,179,276 9;554,061

It ia estimated from a statement nearly complete that the

exports of bacon, lard, and pork from the United States in the

past four mouths aggregate 262,000,000 lbs. against 202,000,000

lbs. for the same time last season, an increase equal to the pro-

duct of 3.^3,000 swine. The following, from the Cincinnati PriceCurrent, is a statement of the progress made in hog packing

:

1872-3. 1871-2. 1870-1. 1889-70.To To To. To

At Fell. 22, Feb. 24. Feb. 25. Feb. 20Chicago 1,291,600 1,14P.597 872,929 668.810Cincinnati... 620,1100 640,000 449,115 337,83rSt. Louis 545.672 405,000 303,634 2.35,343Louisville 805,2^6 309,512 244,449 180449Milwaukee 273,250 235,000 211,005 167,936Indianapolis 103.005 43,232 43,132

TotalBpoints 3,0.35.768 2,789,109 2,081,182 1,589.880Cher points estimated 2,023,845 1,859,406 1,387,455 1,059,920

Qrandtotal 5.059,613 4,648,515 3,468,837 2.6<9,800Total season ». 4,868,488 3,695,251 2,635,312

Today new mess pork jobbed at $15 25, and 500 bblg. sold forJune at that price. Lard was pressed on the market for earlydelivery, and 5,000 tcs. prime Western steam were placed at 8|c.for March delivery, with some at 8 9-16c. for April, and 8Jc. forMay. Bacon was easier, with sales of short clear at 7|(§l8c. ; longdo. 7ic. ; dry salted shoulders for March at 6c. Cheese has beenselling for export at 12@15c. for fair to good.Tallow has been fairly active at 8i@9c. for prime Western and

city. Whiskey has declined to 91c, Clover seed has been inlarge supply, at 8i'a9c. per lb. Naval stores have been dull anddepressed ; strained rosin $3 70@$3 75 ; spirits turpentine closedactive at 66i@67c. Petroleum has been weak and inactive ; re-fined closed at 19i@19ic. in bbls. and 26@36ic. in cases ; crudein bulk 8ic.; naphtha 14(al5c. in shipping order. Oils haveruled dull.

Freights have been quiet for the British ports, but rates haveremained about steady; to T.iverpool by steam, corn 6id., bacon403., cotton i@5-16d.; and by sail, lard at 27s. 6d.; London by sail,corn at l^d. and flour 2s. 6d.; and to Glasgow, by steam, corn at7d. But there were a large number of petroleum charters yes-terday, including vessels to German ports at 63. Gd., but mostlyon private terms. Today corn was shipped to Liverpool bysteam at 6fd., and there was a charter to Cork for orders withgrain at 7s. 4id.Kentucky leaf tobacco has been in moderate demand, but prices

have ruled weak—new crop, lugs, 7i<a8c. ; leaf, 8i@12ic. ; oldcrop, leaf, lli@15c. The sales have been 400 hhds., of which125 hhds. for export and 375 hhds. for home consumption. Seedleaf has continued comparatively quiet. Sales embrace 100 casesConnecticut, 1871 crop, at 50@6r)c., and 600 do. New York onprivate terms

;also 100 cases 1870 crop, sundry lots, at 9@13c.

Spanish tobacco continues inactive, but the large stock ia wellheld, and 400 bales Havana sold at 95c.@$l 10, currency dutvpaid. ." .'

The market for wool has been unsettled by offerings at auctionYesterday a line of 1,800 bales Western Texas wools was offered'and prices realized ranged from 17i<a38c. Two large sales wereannounced lor nest week. A large line of Montevideo has soldat about 38c and Cape is quoted at 34@37c. ; choice fall clipCalifornia sold at 30c.Hops have been more salable. East India goods have remained

'^".f•

. i^*"'* ''^"P is quoted at lO^c., gold. Jute butts havesold at 2ic., currency. Fish have ruled firm, with some largesales of Nova Scotia mackerel. Fruits generally quiet but wenotxe sales of several hundred bbls. dried apples for Germanv at5@5ic. per lb. '

.

Ingot copper has been quiet at 34^0. cash for Lake There has

o »^o'"o™"^"'"^ '° P'i? ''°'^' ^°- ^ American sold at |50,and No.

^ f48; Scotch, $57@58 for Eglinton and Glengarnoch. Spelterfairly active at 7f@7ic„ gold, for Silesiau. Tin and tin plates less

Exports or I<eadlnK Articles n-om New York.The following table, compiled from Custom House returns, shows

the exports of leading articles from the port of New York BinceJanuary 1, 1878, to all the principal foreign countries, and also thetotals for the last week, and since January 1. The last two lintsshow total values, including tlie value of all other articles besidtsthose mentioned in the table.

.« O '.O O) ^ < iTl-Ot-vO-. -*» W^fNOr00 3S CO ao OS :o — .5:

... _, _; i.j ^" —• i ." '-^ •» ,i' 'i . t t ^^ I— ^~j -3. 1.— •?• ^- 1^ ca ^. r.. 1^ ^-i 5.3 CT, c3 ^tf ^r " c— (ju

g t- eo ;c 00 i-»S;so»ocoF-T-Ht-o<c_d>oio>»a'Oit-*i--<tf5i-3it-^-cAoi^(-oo

taV 00 »(3'-H-*

6^ ^ •"

O* I- t- (O » ;t: 39 o ^- ^

Tj jo •^' eS ei CO "^-d i^ 02="

^s• * -""l v -so M Tj> '^ • eo OD. « •_ . . •an

00tain

CO •

3» •

CO t-

DO OS r- t-g

3 S S "

pa'-•

mo

t^ (D Ot 9»

^ a Kr-.

.3) JO00 -w

• « 00 «• 1- '-'

"O in o iO

of • vrt-i i." si ia

:2SS £2 5

11

•sssI-Tflj*

rs :: :S ::SS

t- 0* f- O 00

•.s!£S'^piii*38

:SS

S

SJ :S«»~'W00 -MM . Coo

W J flO

£3 ^T3 XlC*

H Mo

13 P,

CO aJ o** P- ^

.0»C*ff»W0O .0 -OW^^QOMOOO T-a> I-00 « M«3<00!OOC'30COV .-HO* -OS .-I'm •-•a cot- e»

i

: :Sig ;s != ;s

:S

3§

OE

. - 5* OT O . OS « O

- • :

. • . ;•«

Si- .

::^

• »-: :£

•^

4tn

: :S

:SS :SS :S3

w-8'-

1--

:a

• t-co

H^ • -co

' odco

00!?*

:g?

:?M . -o .aoc

v'cfj'

»: : gg

i^ : is : :i ; i :S : :S :|« :S8 5,S

'ag?

X OD « .

3 B e3 E

g ""S K| "S'^Sg «'a S" g2

M

e-aEh

Sf : :

o.o.a

:5J5

o n (D

<u cj :

eSi

; :8

= »?» q :o ^B feg :

' :o'

;-. :'a

B o

o o

>>33

March ], 1873 J THE CHRONICLE. 2»6Imports or lieadtUK Articles.

Tlie fo'.lowiiisf table, ooiupiltid from CuHtom Houie return!saowa the forai^a Imports of leading article* at IIiIh port line"Jau, 1, 1873, aud for the same period of 1873 and 1871:

[Tbeqoautttylsglran la packages wh«D not otharwlu •poclflsd,)

ChlDa, Gloss aad£ftrtliouware—

ChinaEartheoware...,OlaittilaaswareOlass plate

BuctoasCoal, tonsCocoa, bai{aConteo, bagsCocton, balesPrugs, dtc—Baric, Peruvian.Blea powders...Brimstone, tonsCoctilnealCream Tartar. .

.

OamblerQam, ArabicIndlKOUadHer0.1s, esseuttal...OIl.OUvoOpiumSoda, bl-carb....Soda salSoda,a8ti

/laiFursGanay clotliHairHemp, balesUldoa, &c.—

KriiitlejUldea, dressed..

India rubberivory-Jewelry. Ac-JewelryWatches

LinseedMolasses

SinceJan. 1

1813.

;,679Il3^fi

6!),9a5,6»..iii

1,0:96d319.tl29

309,91a

5,3514,41.1

9i

71Jm5,1

«

3631,483

9516J

8,3 3>il

6,010;,63oT.aiW2.2iil.Sll*

iiliti

612

S913,2::<i

11,9113»9

70?183

1SS.48I,

7,n8

Bametime13)3,

1.9374.115

61,9015,al;

1,383l.'ill

15,3 i8

3.ti«393,o;i

1,309

9,1634,50i1,8U51.0,5140

13,0.14

7172,0149496

8,61350

12,3(15

4,67:

4,645943

l.nii

1,141,078

ai,8as

3003,31910,399

77

612169

153,6043,031

Sametime1871,

3.133

69.111

l,S»i,CU611

9,33.'

I,<6

197,3476;3

5,im

Metala,4kc.—CutleryHardwareIruu. mi bars..Lead, pigs

• r.lhsbpulter,SteelTill, boxes......Tin slabs. Ids..

KagsSugar, hhds, tcs.£bbis

Sugar, boxes &-, -- bags6,0ii9:Tea

7,263 Tobaccol,9(il,Waste476 Wines, Ac—39^1 Cliampag*e,bks.607/ Wines

3,i'63Wool, balesl,193;Artlclea reported

72' by value—4,921 ClKars

j 9 Corks35,450 Faricygooda9,618 Fish7.6 »l Fruits, *c.

!,3:I9

5ir2

(B.'-GI70,l«4

I04»,3.t< i.i:

8.1.411

:il,7311113,r21

15,01.

31,144

5,8101 Lemons ..

6;i -Oranges1,00, NutsI,r2<l lialslni33.on,Hldes undressed

iKlce130 Spices, Ac—

3.890 Cassia8,7SJ Olniter

PepperSaltpetreWoods-CorkFustic ..

LogwoodMahogany

47

901

331111,136

6,683

diBC*ran. I

1873.

SamitimeUVt.

999IjOIO

»t,.s25».6li

24^,4682«7,I2314 8«

613

8'2,313

14,30:10.383

t3S5,<S7.^,82l

380,43613,986

88,191313,606ll>5,79t

^,;t43110.012131,066

•3.13933.618S,7i3

89,859

S7,»2315,150

1SI.7(I6

31,439

.Ml.'.-..

i6,m;

33,038

31.1.716

347/1S31J,617lU

31,671

32,9 4

1UJI9;

(361,ms12,9:3

185,030

88,310

44.M8394.6183:l8.0233',» 815

2,2T,364~2,15«

139.3414,315

:iT8309

63,5311

6,19:

110,616

33.9S>

MamallQia1871.

1.031:ii

101.414

l/.fl III

'8,674

37,980

:80,8'.>8

381.8:15

13,561

511

33.68631.5094,6ilS

IM;,J496,03-.

84,8I'2

81,118

8<1,PST

168.178142.9173:H.223

2.362.31;4,23d

120 613a.-M: 3.352

30,189

45,9(10

11,91337,94:U,3TS

Receipt* or Domestic Prodace ror tbe Week and sinceJannary 1.

The receipts of domeatic produce hare been as follows :

This Since Same This Since Sameweek. Jan.l. time '73. week. Jan.l. time '73

Ashes... pkgs. 149 997 1.049 Pltcn 1211 36S •2?SBreadsLutfi— Oilcake. Dksa.... 3,589 16,031 12,110Flour.. bbls. 3«.26« 3aO,517 2M.I(« ion, lard:.' 131 IMSWiiea''..bui. 71.S01, 7:l-i.<il2 217.103 (Peanuts, bazs »M: 3*,032 3i,7nCorn 81,310 739,521 3.716.030,Oats ;63.5'j; 1,1.2,392 623.583 Butter, pkgi.... 14,744 1J9,610 85.817

If

31,350913

271.9291.413

433 T2113,03333.171)

8i',0i:

168.86S46!l:l

Barley, Ac. Cutmeats 11«,V50Grasi sd.bjsBeans, bbls.

7.031 39,913 es.iwl Egirs 3,592 1731) »,ll»21.6til

8j79,9:97.im

111.583,

81.0S1Pork 4,416

1,86488,1 ne.473

85.0D9,»:4Peas, bush.. Beef, pkgs

C. meal. bbls 7.5)1 41.119 21,505' Lard, pkg-iLard,k'«ga

14,933 i03.ia I07,"32Cutcon. .bales. U.M 193.361 161,673; U.t 4 311 8.8 7Hemp ..bales. 3.1 ; 613 56! Rldtt, pksi iC9 8,U0>i 3,516Hides No. 8,39! 81.171 71.611 Starch.." 8.498 40,1811 43.27;Hops, .bales. 81

43,(18

3,134

41i,3612,506

572,911Stearlne 316 3,317 S.W

Leather. sides 8ugar,bbl8 435Molasses, hds. 50 Sugar, hhds

Tallow, pkirs3 154 8,229

DO., bbls 93 31,338 26,881 919 6,1m 6,777Haval Storcs- Tobacco, ,ikgs.... 8.169 31,532 13..'6!

Cr.turp bbls^'i

2.033 1.583 Tobacco, lihda,... 1.566 0,34 3.2«7Balrlts turp. 1,6)9 10.513 7,18: Whlskey.bblB....

Wool, bales(.017 SO.TSU Si.iai

Roaln 37,110 90.113 108,369 3.981 !6,J1< 6)189

Tar 1,131 4,i33 4,516 Dressed hogs. No, 13.333 ;6.569 121,316

COTTON.Friday, P. M., February 28, 1873.

By special telegrams received to-night from the Southern ports,

we are in possession of the returns showing tbe receipts, exports,

jcc, of cotton for the week ending this evening, Feb. 38. It

appears that the total receipts for the seven days have reached

105,528 bales against 109,153 bales last week, 122,052 bales the pre.

TiouBweek and 126,531 bales three weeks since, making the total

receipts since the first of September, 1872, 2,715,815 baiea against

2,214,053 bales for the same period of 1871-72, showing an in.

crease since September 1, 1872, of 471,737 bales. The details of

the receipts for this week (as per telegraph) and for the corres.

ponding weeks of the five previous years are as follows :

Becetred this week at— 1873. 1873. 1871. 1810. 1369.

33,9076.6514.5956,6703,6318,818•03•13

•,«91

97,441

l.t5<t,433

1868.

New Orleans bales.MobileCharlestonSavannahTexasTeunessee.&cFlorida

53 6738,00)8.51!9,19!9,3118,817176

3,0169,393

: 108,583

88,6316.3016,601

S,*61S,60S7,3173029.79

5,938

73.703

2.141.038

51.54910.8527.01919.«6010,2!611,594

1411.963

9337

2.917.616

43,<e956408.3618.83;7,4086,773571883

5,819

82,753

2,i!5'iir

25.12112.7)410.(S33

23,1644,1«6

6,9311,63*411

7,467

93,867

1.585306

North CarolinaVirginia

Total since Sept. 1

The exports for the week ending this evening reach a total of

60,455 bales, of which 42,305 were to Great Britain, 78 to

France, and 18,072 to rest of the Continent, while the stocks as

made up this evening, are now ,543,973 bales. Below are the

exports and stocks for the week, and also for the corresponding

..-week of last season ;

Rxportaii to-

WeekendingFeb'»".'"q-Prlt.

\F~..

NawOrleana.MobileObarl-iiiton...Savaii"ahTexasN«w York...Othi'i ports

T..:.Ai ...

S'ij[e Miu.

16 811 I

3.«IS

• lit3.6 5».r,iWl '

• 431K» .~ii11 I.I01J70 I lTj,7ia

CoBtla't

il.lMaan

ISJ318

ToUllhIaWMk. -K.aioit4.',4V3ja*

•joti

I*n,ig9

••»

•.no6,SW

W.ISIKM*l».MS•7.*'lW.4K

9flMum

U7t.

mM»Fram the foregoini' sutomro: It will be imd tbai.cflmpwa

with the corresponding wnek of last season, there I* a dtertiui imthi> ex porta this week of 2I).U7H half*, while tbe stocks to-nlirbt at*'M.'^i^ bales viure than lliey trwre st this time a year a|ta. Thef»llowin<;r isour uhhbI table Fhnwing the movement of cottoa stall the pons from Sept. 1 to Kib. 21. the latest mall dates.

PORTS.

HewOrleanaMobile

,

Charleston,

SavannahTexasNew TorkFloridaNorth Carolina,...VirginiaOther porta

Total thlsyear...

Tofl laaty-a- ..

BSOSIITtsisos asrT.l

ttrsalBritals

iW.tOt ••4,4a I1S.4II3ai,9«7 i57.r4>ii n/m7S,I»4; •'.MJ as;

-'

ll',4'»| I4M43.287' 41

IM 613, 316,'eo81,586 ayn

i 10,91)

'or'o Total.

l6i>IR •34.Mr»*n 7»,««nx< •it.'m ....

•b^t: r.t.144 m

tsst: »i>Mi

_ intsjti iBMM

The market was very dull the first half of the past week, andon Wednesday quotations were reduced \c. This decline, bow.ever, did not lend to uim h increase in busincKs, foroitrn acroaalshavinir been dull, the home demand restricted wiihia tbenarrowest limits, and the ri-celDls nt the (Mirls continued on aliberal scale. The anxiety of holders to reslixe lios also beesincreased by the^high rates current for money, and the eonseqveatdifficulty ot obtaining advances. Today the market was liregalar

;

low grades of Quif cottons were reduced k<M^> 'Q^ 't tl>< declinetaken freely for export. Uplands were unchanged. For ftitaredelivery there has lieen a uniform and very steady downward lea-dency, though tbe decline has been comparatively slight. Ysitarday at the decline there wrr consideralilesciivilr,but after 'ebaitgethere was some irregularity. To-day the feeling was firmer, aadnrices were a sixtcentli to an eightth higher, but tbe buaiorsswas only moderate, and the advance was not fulir sustained atthe cicse. The prices for futures last reported were (ba-ia lowmiddling) 20 7-lCc. for Mnrch, 20|c. for April, 20 15 lOe. forMay, 21 li-33c. for Juno, and 21 Ollic. for July. Tbe total sales ofthis description for the week are 88,350 bales, including ...

.

free on board. For immediate delivery the toul sales footup this week 5.013 bales, including 8,854 lor export, 1,)72 forconsumption, 887 for speculation, and IGU In transit. Of tbeabove.... bales were to- arrive. The following are the closiofquotations to-dny:

ITpland andrlorMa.

Ordinary —per lb. '.7X%. •

.

Uood Ordinary ItH«Strict O-.odO.dliiary !» «....Low Middling

I V>\'t...Middling I •.OX'* ...

QoodMiadlUg..... . . ..<i..v.,..| »^!K».,..

Mobil*.

I 17W«...I

IkH'i...i>xa...1»«»...31 •..3» »...

NewOrleans.

I7K»....18H«....1>K«....

mi:.:

ITX*..liK*..MM"

Below ws cive the sales lol spot, and transit cotton and price ofUplands at this market each day of the past week :

Saturday....Monday . ...

TuesdayWednesday.Thursday...Friday

Total.,

Con- .rfsef^ftsfti-

)

BxpH. snmi}. ulf'u ^'^..j ToISi

Holiday:5i

'«i•eo

I

- i.ast

550I«410

3,263

"8,»4

K8'

Aw

I0<MM I <iw I MM.

ord'DT. Dnl'ry. Mldl'g. 4llag

100

II

S.9!8

i:n

«H

' i»S

For forward delivery, the sal^s (including free on bo^)have reached during tb? week 88^350 biles (all low middling or onthe basis of low middliQg)t ^d the following is a ststemeat o( thesales and prices: ..

For February.

hales.1.2011....8.';4)....

1,800....ItMB.IWW. . .

.

951.400uonot..

:.600

eta.

30X....'20 3-16

MU205-16U 5-16

.3UH

9.3.0 total Feb.

For March.

:00s. n »H1.800 20M?00 so»«

1 ,000 no not thisweek 30 M6MO no not.36th 305-56

bale*. .»^

14.=5II .. .805-Ham 3vi:-3t*OOno not. be-fore Sth^...,.3«K

200 .*1^S28n>nonot..3a:.l6100 no not. till

Mh .ir7-l»5.lrO J0:.I6ioanonat....30K100 no cot. im '

8th 30H•tt' 30H100 DO not. be-- .

rare lst..30».16\JX» »0»-l«

. 300na not. ..30k

JsisGO toul March.

ForA^L

.. .81 1 16

'.l..«S-H

u,n) toul Mar.For imw.

in..

•JOS..,;i:

:..1li-i«— i.t\\

f7.1«HH...an-M

ijMtslslJaaa.For Jaly.

4I«..

H»...BS-H..atlN

•MIelBlJalT.

The following exchanges have been made daring the wrekv

1-16C. pjld to exchange 1.410 Kebriarr Tor l.«l> March.•_i«c •• liOFrbmary fi>r UK MarcS.

300Matc* for SUO April.

lJtQFebnia»i^|;,aa> i^A Febru-jjJMlMa'ch.

TOO M.rch mflfkf^'-..vc 300 FabrMiyiorJg AprQ.

.rSa? lifl March for ikO May.

irSc" " UC March for lip Jn»«.

>4C.

5-16C.5-16C.

^96 .THE CHRONICLR [Marcii 1, 1873.

Saturday.FabroaryMarcb MprU a

«ly.,

Thursday.

205-16

20H

ai 3-16ia »-i«

Friday.

ao'v-ie"20 9-16

20 16-16

219-33il9-16

The following will show the closing prices each day on the I

baala oflow middling uplands, for contracts for the several months )

namedSaturday. Monday. Tuesday. Wcdncf

r : 205-16 203-16 20 8U 307-16 20 5-16 20 6

a SO 11-U 309-16 20 f

g ai Jl« 20 11

f an-w aiw aix^ .... aiS aji

Weather Repokts bt Telegkaph.—The weather appears

to have been more settled the past week. At New Orleans there

has been no rain all the week. It has rained only on one day at

Selma, tlie remainder of the week being pleasant. At Mont-

gomery there has been rain on two days, and at Mobile no rain.

Our telegrams from Columbus report three rainy days, and fromMacon and Charleston rain on two days. At Augusta it has

rained on one day, with the rest of the week pleasant but cold.

There have been two rainy days at Memphis ; the rivers are sub-

Biding ; the planters are marketing the cotton freely. At Nash-

ville they had rain the early part of the week, but since then it

has been clear and pleasant. The thermometer at Memphis hasaveraged 36 ; at Charleston and Macon, 50 ; Columbus, 47 ; Mont-gomery, 46 and Selma, 53.

Consumption in Great Britain.—In our [editorial columnswill be found a letter from Messrs. Smith, Edwards & Co., of

Liverpool, and our answer to which we would refer our readers.

Bombay Shipments.—According to our cable dispatch received

to-day, there have been 33,000 bales shipped from Bombay to GreatBritain the past week and 1,000 bales to the continent, while the

receipts at Bombay, during the same time have been 34,000

bales. The movement since the first of January is as follows.

These are the figures of W. Nicol & Co., of Bombay, and are

brought down to Thursday, Feb. 37:r-Shlpmenta this week to^Great Con-Brltaln. tlnent. Total.

^Shipments since Jan. 1 to^ Weet'aGreat Con-

Britain. tlnent. Total, receipts.

1873..

J872..1871..

. 23,000 1,000 23,000

. 14,000 14,000 38,000

. 3,000 1,000 3,000

105,000178,00099,000

37,00067,000

30,000

143,000 34,000345,000 40,000129,000 33,000

From the foregoing it would appear that compared with last

year there is an increase this year in the week's shipments to GreatBritain of 8,000 bales, and that the total movement since Jan. 1

hows a decrease in shipments of 103,000 bales compared withthe oorraspouding period of 1873.

Gunny Bags, Bagging, &c.—The market for bagging con-

tinues to improve, and sales are making daily at advancingprices. We note since our last issue a sale of 500 rolls July to

October at 14ic cash ; 500 rolls spot, Boston, at 13c cash;

500 rolls spot, Bosten, at 13Jc. cash. Holders are asking13i@13Jc cash for immediate delivery, and 14^ all April, and14i@15c May to October delivery. India bales are dull andneglected. For bags the market is very firm, and there areseveral inquiries from consumers. We hear of a sale of 50bales at 15ic, and quote price asked at 15i<al5ic cash. No othersale reported. Of butts there are rumored sales of some 6,000 to

7,000 bales, part on spot and part to arrive. Prices and termshave not transpired, but thought to be S^c cash, and time for

spot parcels, and about 34@3Jc cash to arrive. Contracts wequote 2i!t@3 l-16c gold, and single deliveries, say April and May,at 2c gold, cash.

Visible Supply of Cotton Made up by Cable and Telb-6RAPH.—By cable we have to-night the stocks at the difTerent

European ports, the India cotton afloat for all of Europe, and theAmerican afloat for each port as given below. Fron: figures thusreceived, we have prepared the following table, showing thequantity of cotton in sight at this date (Feb. 28) of each of thetwo past seasons

:

1873.

Btook in Ijverpool bales. 535,000Stock in London 196,000Stock in Havre 188,000Stock in Marseilles 12,000Stock in Bremen , 39,000Stock in Amsterdam 65,000Stock in Antwerp 25.000Stock in Hamburg 29,000Stock in Barcelona 49,000Stock in Trieste 13,000Afloat for Great Britain (American) 305,000Afloat for Havre (American and Brazil). .

.

48,000Afloat for Bremen (American) 43,000Afloat for Amsterdam (American) 26.000Total Indian cotton afloat for Europe 97,000Stock in United States ports 543,973Stock in inland towns 97,931Exports from United States this week. .

.

60,455

Selma 541Memphis... 13,088Nashville 1,733

-Week ending Feb. 23,Roceipte. Sliipmcnts. Stock.

8930,082

488

1878.-> r-Week ending March 2, '72.-^"*--'- Keceipts. Shipments. Stock.

4.895

35,31510,167

031

10,831

830

1,043

8,593193

3,374

35,006

6,389

20,003 12,865 97,921 16,093 16,907 80,388

The above totals show that the interior stocks have increased dur-ing the week 7,138 bales, and are to-night 11,533 bales more thanat the eame period last year. The receipts have been 3,910 balesmore than the same week last year.

The exports of cotton this week from New York show a de-crease since last week, the total reaching 9,021 bales, against9,278 bales last week. Below we give our table showing theexports of cotton from New York, and their direction for each of

the last foui weeks ; also the total exports and direction since

September 1, 1872 ; and in the last column the total for the sameperiod of the previous year :

Exports ol Cotton (bale*) from Neiv York since Sept.l 187*

WKKK KKDINO Totalto

date.

Samstime

Feb.5.

Feb.12.

Feb.19.

Feb.26.

prev.year.

4,303 19,712 9.268 8,775 276,009aos

233,089Other British Ports 949

Total to Gt. Britain

Havre

4,303 19,712

20

9,258

20

8,775

78

270,217

2.046

234,038

381Other French ports 119

lotal Frencli

'iis

20 20 78

'ies

2,046

17,1524.593286

BOO

Bremen and HanoverHamburg

5,248349

1,131

Total to N. Europe.

Spain,Oporto& Gibraltar&cAll others

118

'm....

168 22,036 6,730

I'.isc

Total Spain, &c .... 134 .... 2,741 1,19«

Orand Total 4.4S1 19,866 9.278 9.021 304040 242.464

The following are the receipts of cotton at New York, Boston,Philadelphiaand Baltimore for the last week, and since September1, 1872:

BIOS'TS FROH-

New Orleans..TexasSavannahMobileFloridaS'th Carolina.N'th Carolina.VirginiaNorth'm PortsTennessee, &cForeign

NSW TOBK.

Thisweek.

ISince

ISept. 1.

3.6752,6472,082

3,4341,0.39

4,8(531

2234,650

67.41436.11J120,518

'683!

120,887,23.3311

155,4136.518

76.!651,378

Total this year 23,213j

Total last year. I 15.156

606.392,

513,541

Thisweek.

3.798

1.003

SinceSept.l.

PHILADKLP'IA

2.7032,9687781

5'

:t

25.959

6,389i30.60S

6,661

10,56316

.'i8.985

62.36715,666

68,

Thisweek.

Since[SepLl.

11.855 217.227)

6.4571178,122'

284

'803

769

2,4749861

12,362

7,346

11,4901105;

l.S56| 34.788

2.2761 43.879

BALTIICOBX.

Thi»week.

no

6221,101723

SinceSept.l

957

6.217

7.83815,71981,3411.0978,961

2,706| 72,180

2.612| 67.257

1872,

624,000179,000

195,00013,5001575069,30013,50015,000

60,00010,000

175,00027,000

18,000

12,000323,000507,14886,388

89,533

Shipping News.—The exports of cotton from the United States

the past week, as per latest mail returns, have reached 91,109bales. So far as the Southern ports are concerned, these are thegame exports reported by telegraph, and published in The ChtiON-ICLE last Friday, except Galveston, and the figures for that port

are the exports for two weeks back. With regard to New Yorkwe include the manifests of all vessels cleared up to Wednesdaynight of ti\is week

:

Total bates

.

Nbw YonK—To Liverpool, per steamers The Queen. 1.818 City ofParis. 438.... Abyssinia, 1.010.... Celtic. 1,089....France, 1,754 and57 Sea Island.... Wyoming, 2,609

To Havre, per steamer St. Laurent, 78 Sea IslandTo Antwerp, per bark Volant. 108.

-To I•

8,77578168

Total 2,421,349 3,423,119

These figures indicate a decrease in cotton in sight to-nightof 1,770 bales compared with the same date of 1872.

Movements op Cotton at the Interior Ports.—Below wegive the movements of cotton at the Interior ports—receipts andshipment for the week, and stock to-night and for the correspond-ing week of 1872

:

Week ending Feb. 28, 1873-. ^Week ending March 2. '72Receipts. Sbipmcnts. Stock.

Augusta 2,966 2,515 14,388Columbus 877 436 12,131Macon 426 1,471 12,113ontgo»ery, . , 388 380 8,933

Receipts. Shipments. Stock.2,693 3,165 16,818382 1,303 8,938349 1,191 9,543m 1,422 6,420

New Orlbans—To Liverpool, per steamers Rita, 2,600 Buenaventura.3,109 Annie Alnslie, 3.018 per ships Lake Michigan, 2.670

Choice, .3..342. . . .Maid of Orleans, 2.289. . . .Golden Fleece. 3.408....St. Kevin. 4,140. ...Thorndean, 3,646. ...Kate Kellock. 3.342and 41 sacks i^ea Island seed cotton per barks Tarpclan, 1,151...Alma,2.636 35.365

To Havre, per ships Gettysburg, 2,892 Marcia C. Day, 3 024...Caledonia, 3,747 Marcia Greenleaf, 3,921... per bark Courriere,421 14,005

To Hamburg, per bark Juventa, 1,110 . 1,110To Antwerp, per bark Champion. 2,497 2,497To Amsterdam, per bark Assens. 662 662To Rotterdam, per ship Bun van. 2,124 2.124

Mobile— To Liverpool, per hark Morocco, 1.878 1,878CHiRLESTOH—To Liverpool, per bark Kathleen, 1,374 Upland and 102

Sea Island 1,476To'Barcelona. per brie ParaUms, 450 Upland 450

SAVAKNAn—To Liverpool, per ship Annabella, 2,548 Upland and 36 SeaIsland per bark Alpine, 2.120 Upland 4,704

To Bremen per bark Kate 2.003 Upland 2,003

To Barcelona, per hark Virijen de Mouserrat, 220 Upland 220To Palma de Mallorca, per brig Catalina, 220 Upland 220

Texas—To Liverpool, per steamer San Jacinto, 1,987 and 201 Sea Islandper barks Atlanta. I.-VIO and 33 hasrs seed cotton Forest

Queen, 1.621 and 66 Sea Island. ...Alfredc, 1,003... Susie, 836per brigs Chas. Purves, 1,501. ...J. W. Beard, 1.143 9,881

To Cork for orders, per bark Carolina, 1,930 1,930

To Bremen, per bark Skjalrt, 1,060 1,060BAtTiMOEi!—To Bremen, per steamer Baltimore, 339 per ship Helene,

... 2.030 2,389

Boston—To Liverpool, per steamer Malta, 114 114

Total..,; ,"ii.iO

March 1, 1878.] THE CHRONICLE. 297The particQlarB of these shipmeotB, arranged In our asoal tonn

are as follows:

Liver- Bre- Ham- Ant- Ain»tr- Rot-pool. Cork. Havre, men. burg. werp. dun. tenUm. Totaj.

.<ew York K.77S .... 78 H8 .... (nii'i*?'.,^'''™'" "'^*' •• ''•''** • 1.110 Mw 661 siiii m'tmMobile 1,878 i g7)iCharleston 1,476 . I'ojgSavannah 4,704 a,om '..'.'. '.'.'.'.

7'l47

X","" 9.881 1,980 .... l,oet) 1 u!«lBaltimore 1889 TnSaBoston iM !... ;:;: ;;;; :::: ^ui

Total 68,193 1,930 14,083 5,45S l,llo' siics ~6M sjlM 91,109

Included In the above totals are, from Charleston, 4S0 bales to Barcelona *

from bavannah 320 bales to Barcelona, and iiO bales to Palma do Mallorca

Below we give all news received, during the week, of disastersto vessels carrying cotton from any port of the United States :

No« WBSTEB(ll.').'i tone, of Boston) Sedcley, from New| Orleans Pub. 14 withS984 bales cotton, 5S(( sacks bone dust, 23 hhds tobacco and 2100 stavesfor Liverpool, put into Key West Feb. 23 with her cargo on lire; it bavingbeen burninii sliico the 20th. She was towed clear of the shipping sameday and crounded at the entrance of the harbor ; twenty-flvo bales ofcotton had been saved but there was very little prospect of saving eitherthe balance of cargo or ship.

West Derbt (Br), Uran, from Moble for Liverpool, which put into Key WestJan. 9, having been ashore, lepalred and sailed Feb. 18 for destination.

(iOLD, ExcHANOB AND Frbiohts.—Oold has fluctuated thepast week between 114i and 1154, and the close was 114}.Foreign Exchange market is steady. The following werethe last quotations: London bankers', long, 108|<ai0di; short109|@109f, and Commercial, 107i@108i. Freights closed ati@5-10d. by steam to Liverpool, li@lic. gold by steam and Ic.by sail to Havre, and fd. by steam to Hamburg.

By Telkqkaph frou IiIvbbpool.—LrviRpooi,, Feb. 28—5 P. M.-The market opened steady and closed quiet

to-day. with sales footing up 10,000 bales, Including 1,000 bales for ex-port and speculation. The sales of the week have been 67,000 bales, ofwhich 4,000 bales were taken for export and 3,000 bales on speculate in. Thestock in port is 525,000 bales, of which 196.000 bales are American. The stock«f cotton at sea, bound to this port is 56J,000 bales of which 365,000 bales areAmerican.

_, , ,Feb. 7. Feb. 14. Feb. 21. Feb. 28

Total sales 63,000 60,000 61.000 67,000Sales for export 6,000 4,000 4,000 4 OOOSales on speculation 8,000 2.000 8,000 3 000Total stock 445,000 442.000 498,000 625,000Stock of American 110,000 117,000 175,000 196.000Total afloat 373,000 390,000 401,000 560,000American afloat 296,000 314,000 818.000 365,000The following table will show the daily closing prices of cotton for the week-

Silt. Mon. Tues. Wed. Thura. Frl.Price Mid.Upl'ds. 9%(S,.... 9Ji@.... 9X®.... 9}i& .. 9Ji®.... 9H&---." Orleans. 10 @-...10 ©-..lO ©.... 10 ©.... »^@10 9J<aiOTrade Report.—The market for yams and fabrics at Manchester Is quiet

but Arm.

BnuoPEAM Cotton M.4.rket8.—In reference to these marketsour correspondent in London, writing under the ,date of Feb. 15,states

:

LiTKRPOOL, Feb. 15.—The following are the prices of middlingqnalities of cotton, compared with those of last year:

,-Fftir <b ,-Good & r-8ame date 1872-g'd fair^ Fine.-^ Mid. Fair. Good.23 27 35 44 24 30 4422 24 36 32 22 28 34

r-Ord.ii Mid-19Sea Island. .

.

Florida at

Ord. G.Ord. L.Mld.Dpland... 8% 9 9)iifobile.... 8Ji 9>i 9 9-16

N.O&Tex8X 9 5-16 9^

Mid. G.Mid. Mid. F. Mid.9« lOX 10)^ 10>i9% lOif :ox lOX101-16 I0>i 11 11

G.Mid. M.F.11 11-16 12IIX 1»11« HX

The following are the prices of middling qualities of cotton atthis date and at the corresponding periods in the three previousyears

:

1870.Midland d.Sea Island. 20Upland.. ..llJiMobile UX

1871.d.23

1i<in

1872. 1873.d. d.

24 29113-18 9Si115-16 9%

Orleans.. U 11-16 7 13-16 W^ 10 1-16

1870. 1871. 1872. 1873.Midland d. d. d. d.Pernambnco. lljtf 7>^KsyptUu.... lOX 6X 9H SSBroach 8X 45i 6>f 4XObollerab.... 8X i% »H 5

Since the commencement of the year the transactions on specula-tion and for export have been :

.—Actual exp. from ActnalLiv., Hull & other esp'tfrom

Taken on spec, to this date-. outports to date-^ U.K. in1873, 1872, 1871, 1873. 1872, 1872.

bales. bales. bales. bales. bales. bales.American... 8,390 61.080 13,040 13,315 15,906 133,030Brazilian... 1,450 34,860 100 7<.3 8,804 42,280Bgyntian. . 4,710 15,890 920 186 856 11,040W. Indian.. 170 2,270 450 898 2,379 38,680B. Indian.. 12,210 116.979 11.730 13,609 38,186 533,740

Total. ... 34,930 231,070 26,240 28,750 66,031 742,770

The following statement shows the sales and imports of cottonfor the week and year, and also the stocks ou hand on Thursday•vening last

:

SALKS, ETC., or ALL DB80BIFTION8.

. Sales this week , Total Same AverageKx- Specula- this period weekly ules

Trade, port tion. Total. year. 1872. 1878. 1872.American.. bales. 29,960 1,600 910 32,470 300,230 307,020 30,950 37,240Braziltan 5,250 ... 40 6,S9G 50,aV) 148,520 T,780 17,840Egyptian 6,C60 90 200 5,870 46,220 60,820 7,580 7,950Smyrna 4 Greek

1 5 om am «nJ ^ '"*'' 4,380 1 ,agf, ,,,»West Indian, Ac r- *l 8,160 19,740 22.410 f

^-'^ ''l'"

East Indian 10,880 3,270 470 13,620 89,116 265,550 10.560 16,030

ToUl 54.690 4.160 1,640 60,490 407,370 808,650 59,790 81,660

-Imports.

-

TMiweek.

American 37,185Brazilian 5,846Egyptian 9,636

To this To thisdate date1873. 1872.

350,535 226,90042,017 110,275

74,053 68,293

-Stocks.-

ToUl.1873.

1,403,134709,655387,043

This

116,^31,37071,190

Samedate Dec. 31,

1878. 1872.

156,940 63.57061,480 36.880

70,180 44,210

Smyrna A Or'k 481 l.iot l IM it IM a^ imiiW. Indian... 8*T ta.'aM l4.'on ImIm itSo I.Sf «>•«•EaatlndUn..

. 3.g»« M.7H »l.«w MT,9a I17.7» 1(&.41«' lM,MaTotal M,68b 406,0n 481,M1 8,4U,SU 4«!a0 4IMW oiloMOf the present stock of cotton in Mr«rpool 96 par e«nt U

American, against 81i per cent, last year. Of lodiaa eottOD th*proportion in 49 per cent, against 41 per cent.

London, Feb. 15.—The cotton market is dull and thequoUtion*are rather lower. The following are the particulars of Import*deliveriea and stooka

:

'

U71. U7I. in.Importii,J.n. ItoFeb-U. M3M ttSSi mjSfl'Deliveries,. IMM SlM Wl^Stocks, FeV 18 {£S iSls" iWmThe following la a return of the quantities of rotton iroportea

and exported at the various porta of the Unitod Kingdom durincthe week ending Feb. 13, 1378 :

American.Imported, bales. 34.411Exported 1.997

Brazil. E. Indian.11.37)1 3,810

»1 a,S97

EcTpUan. Mlaeel'a.IMtT 4.W

MUTotal-•Mil

The following statement shows the stocks at and snppUaaafloat to some of the principal Continental porw Feb 12 1878 andsam* day of 1872

:

Stock*.

1873. UTt.United SUtes. ToUI. United SUtae. Total

Havre-bales C1,&M 303.M0 77,400 IMOOOMarseilles 18 700 .... 18,100Bremen.... 8,100 38,800 8,800 1I.600Amsterdam 8,300 64.300 17,600 4»,aoeBarcelona 47,806 .... 30.878Genoa 13,000 .... lt.00OTrieste 11,940 .... 6,000Hamburg ., M,S0O .... 16.000Rotterdam 6,706 .... I«,at7Antwerp H,700 38,880 .... 16,000

ATLOAT.

United SUtes. Total. United BUtta. Total.

Havre 39,000 38,700 t9,90n 61,400Bremen 86,500 48,700 18,300 30,100Amsterdam • .39,700 38,100 14.000 1I.60O

Alexandria, February 12.—Market flat. Middling (cost andfreight) per lb., Sfd.; middling fair, lOid,; fair, lOJd.; fully fair.

lOJd.; good fair, ll^d.; fully good fair, 12d. to 12id.; good. 12Jd.to 13id. White descriptions—Good fair, lid.; fully good fair,

llfd. Forward delivery quiet. March-April, lO^d. free on board.Receipts for the week, 45,000 cantars ; same week last year, 50,000cantars ; shipments for the week, 5,000 bales. Fxchange. thn*months' date, 97i. Freight, 20a.

BRE ADSTUFFSFriday P. M.. Feb. 18, 1871.

There have been very unsettled and generally depressed mar'

kets for flour and grain during the past waek, and the close waadull, with a marked absence of tone. There are, however, somafeatures that are in a measure new, promising to exert a decided

influence for a change in the early future.

The receipts of flour have materially fallen ofl", and for the cur-

rent week will not aggregate much more than half as large aa the

weekly average for some time previously. At the same time the

demand has to some extent Improved—buyers for London have

been in the market, and have taken a few thousand barrela at

$7 1037 40 for common to good extras from spring wheat. But

the leading influence upon prices has been a stringency in the

money market, and an increased pressure to tell, from this and

other causes. On Wednesday, considerable lines were closed out

at a decline of 75c.@|l per bbl. from the prices early in Feb-

ruary. But the market has since been more steady. Stocks are

small, prices below the cost of production, and the spring trade

is about to open. To-day fair shipping extras were selling at $7

in lots, but whole lines could not be had at that price.

The wheat market has been rather more active, but at prioea

showing a decline of 3@5c. per bush. There has been some busi-

ness in boat loads for export, at $1 64@1 65 for No. 2 Milwaukee,

although some holders refused to accept these prices. A number

of car-loads of No. 8 spring have been sold at f1 54^1 55, and

No. 2 Chicago at $1 58@1 60. Winter wheat has been even

more depressed, and sales have been quite small. But stocks are

only about 760,000 bush., and it is nearly three months before

supplies other than by rail can be expected. The Western mar-

kets, however, have declined, and there is a near approximation

towards a margin for shipments eastward by rail. To-day, part

of a load of No. 2 Milwaukee sold at $1 67 in store.

Indian Corn has declined. Foreign advices have been unfavor-

able to shippers, and the local demand has been held in check by

the inclemency of the weather. The pressure for money has also

had some influence in increasing the offerings on sale. The

visible supply has increased to over 10,000,000 bushels, and

holden bagin to feel some anxiety. To-day five loads of old

298 THE CHRONICLE LMaron 1, 1878.

mixed sold at 63c. in store and 65<3i65ic. afloat. New Western

8old at 64c. for mixed, 65c. for yellow, and 66c. for white afloat.

Rye lias remained dull. Barley has been inactive. Buyers

and sellers coutinuo apart in their views.

Oats have declined fully 2c per bushel. Receipts by rail have

increased, and for the moment at least the supply has exceeded

the demand ; but stimulated by the lower prices, business has

been good, and the close is firm. The late transactions have

been mainly at 51c for prime mixed and good white new West-

ern. Today the market was very firm.

The following are dosing quotatiooB :

Id store at Oswego 217.489InBtoroatSt. LonlB ai»,482En store ftt Boston , 18,582In store at Toronto 357,318In store at Montreal 127,684In store at Philadelphia* 70,000In store at Baltimore* 65,000Rail siiipments for weelt 142,018Vmonnt on New York canals 62,120

Total 8,814,851Total in store and in transit Feb. 15, 78 6,380.475

Feb. 8,73

Fionn.I

SuporBneStateand West-|

era ^ bbl. f5 76® 6 50 1

Eitra State, cftc 7 30® 7 65!

Western Spring Wheatextras 6 75® 7 50

do winter wheat extra*and double extras 7 76@11 75

Oity shipping extras. .. 7 65® 8 00City trade and familybrands 9 00®11 50

tjoutbern bakers' and familybrands 9 25<ai2 00

Southern shipp'g extras. . 7 75® 8 TOKye flour ... 6 50® 6 2.')

Cornmeal—Western, lie. 3 2.5® 3 COCorn meal—Br'wine, &c. 3 75® 3 90

Grain.Wheat—No,2spring,bu9h.|l 58® 1 66No. 1 spring 1 73® 1 76Hed Western 1 75® 1 85Amber do 1 90® 1 97White 1 SO® 2 10

Feb. 1,'73

Dec.28, 72Feb.24,'72

6,016,7736,125.4.38

6,248,613

9,981,028

116.346429,72647,6.«)

650364,060200.000185.311S49.1U164,467

10,662,47710,296,5299,42).2489,194.7509,69S,.')f.8

10,756,101

13,416162,89686,7676,43165,1827.5,000

65,000.

102,70786,900

3,681,3108,487,1623,427,9923.290,1863,414,084

6,072,637

126,40430,84284,23150,36510,60920,000

53,18078,138

1,638,8831,667,296

1,715,7552,044.3162.863,865

2,080,378

* Estimated.

do double extras 7 85® 9 25jCorn-Western mixed 63® 65.^

do winter wheat extraa| White.Western 66® 68

and double extras 7 76@11 75 I Yellow Western 65>i@ 67ity shipping extras. .. 7 65® 8 00 | Southern, white 7u® 72ity trade and family

|Eye—State and Canada. .. 93® 95Western 90® 93

Oats—New Black 48® 50Chicago mixed 60® 52White Ohio and State... 61® 63

Barley—Western 95® 1 05Canada West 1 20® 1 26

Peas—Canada 1 12® 1 40

The movement in breadstuffs at this market has been as follows •

-BKCEIPT9 AT NEW YOKK.- -EXPOKTS FBOU NKW TORK.. 1873. , Same , 1873. , 1872. .

For the Since ;imo Jan. For the Since For the Sinceweek. Jan. 1. 1, !97;. week. Jan. 1. week. Jan. 1.36.260 820.597 286,188 9.026 183,519 16,389 161, .331

7.670 44,459 25,505 911 23,120 4,636 30.68!)

74,300 706,012 217,403 69,474 798,047 313,761 1,408,61584,250 759,1526 2,776,030 193,474 2,410,204 275,137 8,982,580

18 948 1,415 8,297 138,05428.350 271,929 4.18,721 6,700

102,694 1,112,.392 623,583 227 3,737 850 5,702

Flour, bbls.C. meal, '^

.

Wheat, bus.Corn, "

.

Rye, ".

Barley,&c.

.

Oats

The following tables, prepared for Thb Chkokicle by Mr. E.H. Walker, of the New York Produce Exchange, show the Grainin sight and the movement of Breadstuffs to the latest maildates :

aaCEIPTB AT LAKE AND IUVKR PORTS FOR THE WEEK ENDINGFEB. 33, AND FROM AUG. 1 TO FEB. 23,

Flonr. Wheatbbls. bash.

(Weibp.) (60 lbs.)Chicago... .. 29.418 908,430Milwaukee 6,12t 185,018Toledo 7.115 07.194Detroit 8,887 47,935Cleveland •3,200 4,550St. Louis 28,627 118,370Duluth

Corn. Oats. Barley. Rye,bnsh. bnsh. bush. bush.(58 lbs.) (.32 Ih«.) (48 lbs.) (56 lbs.)

617.85631,8;)0

191,87272,9142n,30C

195,675

224,93040.66036.01626,96033,600

114,995

TotalPrevious weekOorresp'ng weck,|72

.

'70!

'69.'68

Total Aug. 1 to date.Same time 1871-72...

Same time 1870-71...

Same time 1869-70...

17.984

7,410

384

ll!46fi

37,24444.412.30,165

29.16013,09124,32812,151

83,371 626,492 1,060,50794,157 703,058 1,181,98868,608 267,360 953.82669.911 804,876 507,22097.759 888,493 284,692102.556 297,259 8.30,691

79.912 156,6.38 456,070.3.075,086 33,849,702 34.324,073 14.47f);220 7,314;867 1.287i0:)43.157,773 31,156,150 83,180,486 17,346,078 5,415,526 2,211.096.,'!.589,715 31.28:3,805 17,206,751 12.497,076 4,722,376 1,158,2203,814,616 34,092,929 16,878,361 10,464,103 2,833,137 1,142,188

* EstimatedShipments of Flour and Grain from Chicago, Milwaukee

Toledo, Detroit, Cleveland, and St. Louis for the weakendirgFeb. 23, and from Jan. 1 to Feb. 33 :

Flour, Wheat, Corn, Oats, Bariey, Rye.Weekending

—

bbls. bnsh. bnsh. bnsb. bnsh. bnsb.Feb. 22,1873 69.717 142,018 249,112 102,707 5.5.180 7,870Feb. 15, 1873. . ... 89,384 140,897 197,888 169.443 48,804 5.763Corresp'ng week 1872 70,616 49,047 497,673 105,480 60,914 8,760Corresp'g week 1871* 67,812 47,046 259,219 51,654 11,104 2,120Corresp'g week 1870* 65,286 10.5,148 189.852 23,360 15,915 700Total Jan. 1 to date.. 589,220 983,8.56 1,89.3,448 1,296,651 479,062 66,.35a

Same time 1872 446,101 293,733 3.473,983 759.653 202,727 88,266Same time 1871* 442,128 308,875 2.t7U,89a 391,334 154,696 30,874Same time 1870* 661,010 769,603 1,087,114 262,487 93,606 ao,388

• St, Louis not included.

BBCEIPT8 OF FLOUR AND GRAIN AT SEABOARD PORTS FOR THEWEEK ENDING FEB, 33, AND FROM JAN. 1 TO FEB. 33.

Wheat, Corn, Oats, Barley, Rye,bush. bnsh. bnsh. bush. bush.62,700

1506,6509,80086,0009,660

Flour,At bbls.

Meir York 38,217

Boston 22,973Portland 9,850

Montreal 13,200Philadelphia 15,851Baltimore 26,1.56

New Orleans 6,699

Corn,bnsh.79,77862,800

385

Total 1.33.046

PrerioBiWoek 159,883Oor. week, '72 95,3S1

Total Jan. 1 to date... 953,477

Do. same time 1872. . . . 889.035

114,950143.0S5104,088

1,312,060788,580

60,900154,80063,254

401,917472,304749,494

Oats,bnsb.137,42571,4244,620500

. 58,60018.6504.277

29,5,396

306,957216,186

Barley,bush.12,540

5,160

4;c66

19,500

110

100

3,000,268 2,863,3786,106,026 1.691,370

41,20055,665

80,7905ft3.653

532,651

2103,6268,671

15,7,30

30,910

GROCERIES.Friday EvENiNa. Feb. 28, 1873.

The weather has again acted as a check upon operations in

groceries, and the movement irom second hand during the past

week has not been of an altogether satisfactory character. Sales

from first hands have been rather better, and a very fair aggre-

gate business is reported in both sugars and coffee. The sales of

the latter are restricted somewhat by the small offerings still

made by importers. Sugars have weakened, but are selling

fairly at the decline. There has been very little done in fruits,

while spices have sold fairly and remain firm throughout the

list. Molasses is selling better at the close.

TEA.The cold weather and storms of the weed have checked grocers, operations

to a considerable extent, and the line business in teas during the current week

has been only moderate. Buyers of invoices have been in the market pretty

constaBtly, and there lias been a good deal of disposition shown to move

stock. Oolongs arc in very fair request just now, and holders of this stock

are asking very fnll rates, which seem to be realized without much difficulty.

Greens continue to sell fairly, and are quoted as before, with a strong tone on

the medium qualities, which have moved well. There is no lack of firmness

in the market for Japans, although a fair movement has been in progress in

the way of small invoices. The market is more favorable for importers now,

but there is still very little margin in any teas over the cost of importation.

Late Chinese advices show heavier settlements and shipments for the United

States than were made np to this period last year. We note sales hero since

last report, of 1,700 half chests Greens, 3,400 do. Japans, 1,000 do. Oolongs.

Imports the past week have included 425,031 lbs. Green, per " Morro Castle,"

from Shanghai.The following table shows the Imports of Tea Into tlie United States

from January 1 to date, in 1S73 and 1872:

Black. Green. Japan. Total.Atlantic ports, 1873...lbs. 4,405,065 4,161,377 4,273,746 12,840,388

Atlantic ports, 1872 4.^71,835 6,056,230 1,774,05: 12,318,182

The indirect receipts at New York, principally overland receipts from SanFrancisco, have been 12,208 pkgs. since January 1, against 32,473 last year.

Imports at San Francisco from Jan. 1 to Feb. 1, were 70,245 lbs. of Chinaand 290,190 lbs. of Japan tea.

COFFBE.The arrival of the steamer " Ontario" on the day following our last report

with 20,000 bags of Rio increased our stock by fully 10,000 bags more than

dealers here had calculated upon, but this excess was not unfavorable in its

effect upon the market, and prices were rather strengthened than other^vi8e.

Previous to this arrival, the ofl'erings were restricted to the few lots held by

speculators, and there was no opportunity for liberal selections from first

hands. Buyers were willing to operate, as the supplies in second hands had

been pretty well run down by the liberal distribution from first hands, but the

stock has been too small to admit of operations on a large scale. The receiv-

ers of coffee ex " Ontario" have advanced their pretehsions fully J^c, and

although the movement is not very active, the market is fully sustained at

that improvement. There has been a limited movement in the India grades,

but sales are prevented by the absence of stock in first hands. Maracaibo has

been advanced, and is in good request, with some lots afloat under treaty.

Laguayra, and, In fact, nearly all of the West India qualities, are higher, the

revised rates being shown by our table of quotations. The sales are 8,748 bags

Rio ex " Ontario," 8,900 do. ex " Sophia," both here, and at Baltimore .3,500

ex "New Light," and 2,000 ex "Aquidneck." At Galveston 2,397, and at NewOrleans 4,501, the latter ex "Johan."

Imports at this port the past week have included 20,346 bags Rio, per

str. "Ontario." __The stock of Rio Fob. 27, and the imports since Jan. 1, 1873, are as follows

:

New Plilla- Baltl- New Mobile, Gal-InBatTB. York, delphia. more. Orleans. &c. veston. T"tal.

Btock 3:.302 .. 31,0;2 .... 4,500 3,500 78,'!74

SameaateI872 IW.KA ... 2S,4C3 10,1J4 6,300 3,3110 164,998

Tninorts 98633 3,WX) 78,496 66,649 18,109 12,000 266,897"";. jnlB72 117.821 4,0)2 62,888 32,161 15,400 8,212 2«l,530

Of Other sorts the stock at New York, Feb.27, and the imports at the eeveial

ports since January 1 , 1873, were ai follows

:

Import, import. Import,

44310,7,56

2,*7a ... 3,83313.205 8

4,825 612

The Visi blb Sopply of Grain, including stocks in store at

the principal points of accumulation at lake and seaboard ports,

in transit by rail, and frozen in New York canals, Feb. 82, 1873 :

Wheat, Corn, Oats, Barley,liush. bush. bush. bush.

In store at New York and afloat 791.569 2,782.320 847,740 893,080In store at Albany 28,400 7,000 97,800 139,000

lustoreatBuff'alo 121.003 142,717 74,262 77,518

In store at Chicago* 2.082,275 5,108,796 1,527,967 415,773In store at Milwaukee 1,572,000 40,000 263,000 104,000In store at Duluth 77.915n store at Toledo 627,472 736,811 144,665 10.808

lu »tore at Detroit , 218,124 89,621 73,277 54,910

In bass.Java and Singapore t2.250

Ceylon 9,652

MaracaiboLaguayraSt. Domingo ....

Other 2.502

Total 14.401

Same time, 1872 41,720

New York^stock, import.

'34,29^

Boston. Phlladel. Bait. N. Orle's. SHimport.•25,865 CI"

o o33

66.06287,319

26,4S64.74S

312

4,0833.726

85

853,000 200

t Also, 21,604 mats.

96.72098,990

* Includes mats. Ac., reduced to bags.

The week opened with a rather soft feeling on Muscovado sugars, and the

market has tended in buyers favor ever since. Reflners have operated to a

fair extent, and their purchases have prevented any material accumulation of

stock, but holders have been forced to concede considerably, and the market

at the close is fully an eighth below last quotations. Some holders quote the

market on a basis of 8>4@8Jic. for fair to good refining Cuba, which would

represent a decline of about an eighth, but to eSect tales readily boldws hav*

March 1, 1373.J THE CHBOXICLE. 299found It necessary to take oS about a qaarter, brlnt^ing the range down t*

SKSlS^c., to which wo conform our quotations. Centrifugal and clsjred holdtkelr own with a good doRrec of llnnness, and the eoftenlnu la solely onMuscovados. The market for reftned sugars has been soft during the entireweek, and closes at a decline from our last quotations, with a moderate gt»eery demand, but sales barely sufllcient to sustain the market. The tranaaetlonain raws include 2,374 boxes molasses sugar at 6®8>ic., 683 do. clayed at iiitt9Xc., 51 hhds. Demcrarii at lO}i<^Wy,c., 1,879 hhds. Centrifugal at 9^(^ttJ^c.,

1,889 hhds. Cuba at 8;.r<4SJic., 800 do. ;Porto Rico at 8Hc, 9,788 boxes Cen-trifugal at QJi^flfic, iil do. Havana at SXcImport* atNew York and stock In first bands Feb. 27. were as follows :

UMsIa, In cases...gold v lb.'Jassla. In mats dnUlngrr, Uace and Af (gold) lOV^M»e« •• do I ir«l»Vatmegs. casks M tt M

*« •weePwaog M « ...

Pty^tr,\a ttoaa_ .... (jcold)-I # t>

Imports this week..'* since .Jan, I." same time, *74

Cuba,bis.7,»4S81.4SW

M.458

Cuba.•hhds.7,511

33,144

r. Klco.•hhrti.

•Ml,in»818

Other•hhdsl.«M8.312

Hrazll.Manlla.Ao.Meladobags. thags. hhds.

W,m 3.7SJn.ieo vi-,.is<i 7.USJ283)0 '.01,9,'il ; 1.483

Ptocklnflrsthauas.Same time 18T!

•• 137128.476

17.42.1

15,t8!l

30.829l.lll.'fSO

3,0W4«)

1,6»4

raOljASSEtl.As the season wears on refiners arc feeling more the necessity of laying In

stock, and their operations arc becoming rather more liberal. There is still

an absence of marked activity, but two full cargoes of Muscovado have beenplaced during the week, and with liberal offerings made up from recent arri-

vals there is more diapositiou to make selections. Prices are very strong, andthe sales of this week indicate an improvement, the price realized lelng 86c.

The movement in grocery qualities has not become very liberal as yet, butshows some improvement over the previous week. The stock of old crop is

BOW all cleared out excepting In Porto Itlco grades, of which there is a moder-ate supply offering at 3u@50c., while new crop ranges from 35 to 55c. with afair inquiry. Holders of domestic continuo.to ask previous rates, the choicestqualities being quoted at 75c. There has been no great excitement in syrups,but a steady demand for moderate sized lots prevails, and considerable stockhas gone into consumption at about previous rates. The sales of molassesinclude 1,283 hhds. and 157 tcs. Cuba Muscovado at 85c., 800 bbls. New Or-leans ti8>i(a75o.

The receipts at New York, and stock in first hands Feb. 27, were as follows

:

Cuba, V•hhds. "I

Inports this week 4.70i" since Jan. 1 8,741

same time ISTi 2,385

S^ockln llrsthands I,41S" " same time n 5.6SS*' " same time '71 7,165

ImportH o( Husar & Ittolassea at leadlUK porta since Jan. 1

The Imports of susar (Includluf; Mclado), and of Molasaesat the leading ponsfrom .(annary 1, 1873, to date, have been as foUows

:

•fl .

do Mama is ii HIagaporePlnsnto.Jaaaica .. (geM,-_, do In boad. ... aiClufai

. ..?» '»I CloTc stens do .. . 11

le«.HangooD dressed, gold Inl oad •)<• ijt | Oarollaa .„„, | 0|

Rico, Demerara, other >.o.hds. •hhilB. •hhds bbls.

19 43 »:4< 1,161 US 22,789

861 514 284 :3,Si9

837 1.019 TJSOO2.337 379 5,000673 m 7,100

-Sugar.—

New YorkBostonPhiladelphia...BaltimoreNew Orleans...

lH7.i.

. 81,489

'.3.975

5.f32

1872.

56,4331,984

3.0838.9338,313

. •Hhds.-I87S. 1872.

40,396 23.8993,988 1,655

1,315 1,991

I0,«r3 8,792

. tBags .

1873. 1872.221.248 :93,'.;8:

•iSO.MJ 399,74335,600

lO.OOO

Moiasses. -.—•Hbda.—18731873.

10.1331.887869

1,013711

3.9(14

8.531

3,60T899

Total 53,391 7j,8t6 55,383 36337 5J!>,3W 4M,«73 14393 18351

• rielu'llntf tInrcoH an.t barrau reduced to hhdst Includes jaskets, &c., reduced.

WHOLESALE PRICESTea.

CURRENT.

llyson. Common to fair 85do Superior to fine.... 50do Ex. ftne'to finest 70

fonuR Hyson, Com. to fair. 35do Super. toflne. 53do Ex.nnetoflnest 80

Gunpowder Com to fair 43do Sup. to fine..do Rx. fine to finest.

Imperial, Com to f>ilr.... 37 ®do Sup. to fine 57 @do Extra fine to finest 75

Hyson Bk. & Tw. C. to fair.do do Sup. to fine.do do Ui.i.tonn'st

Uucol. Japan, Com. to lair..do Sup'rto fine...do Bx. I. to finest.

Oolong, Common to lair....do Superlorto fine....do Kx fine to finest

Souc. A Cong., Com. to fair,do Snp'r to fine,do Ex. f. to finest.

CAtnee.Rio Prime gold. 20sa21 i Native Ceylon gold.do good gold. I9!|fa20)< ]

Maracalbo gold. „„_.,„do fair gold. 19 «19V Laguayra goid. 18hS30Wdo ordinary gold. 18 a!8K St Domingo gold. ..^SiewJava, mats and bags gold. 20 423 I .'amalea Kold. 18 aidJava mats, hrjwi gold. 35 aiS I Mocha gold «

» 45» 55a 80<S 45» 75ei 05» &!

65 a so-" ai 15

' 50-.0

35 a 4550 a gs70 al 05S3 a 8841 a '370 al 0625 a 8'i

40 a 6583 al (5

13 ai9isxiiii19X

Cuba, ln(. to com. refiningdo fair to good refining

dodo prime a 8<f

fair to good grocery '

. to choice Kfocfiry...ntrltugal.hhds. &bxs.

7)^1 m I

SoKar.7;iia 8X I

Havana, Box, white.... loyanx8Ha Hi Porto Rlco,refiolnggrades... sSa 8v

air to good grocery.... 8xa 9 Braill,bags 'k@ SHdo pr. to choice Kfocfiry... s>^a 9!< I Manila, bags 8 a s^!

' " .... . 5.*' at. A. nay I l]iri,l*j, o«»av« a .. sr..i*.do centrltugal,hhdB.&bxs. 9)«a 9^ I WhlteSngara.A il SuQlo Melado 4«a 6X I do do B lOxSlO?lo molasses 7)<a !X do do extra C lOxaioS

Bav'a, llox,D.S. Nos.7to»... 8 a 8>< Yellow sugars »!j5lo3do do do 10tol2.. 8«» 9Ji Crushed 12>Ja:2Vdo do do 13tol5.. »><alO« Powdered 13 S.do do do 16 to 18.. lOXalOX 1 Granulated 12 a."do do do 19to20.. UXailK I

nolaaae*.NewOrleaut new » gall, co 375 ICnbaCIayed 28Porto RicoCuba Muscovado..

Cuba centrifugal \\29 ass

IEnglish Islands 25

Frnlta and Nnta.Ralsins.SeeoiesB, nw » frall.4 50 a .... | African Peanuts A

Layer, :3T2,» box. ..9 2 05; Filberts, Sicily ij^a

a34ai9

do Laydo Sultana. V lb 13^a ISM10 Valencia, V 1ft 7Ka 8do Loose Muscatels 2 S5 a2 45

Currants, new V lb. 6xa 6!<Citron, LeKhorn (new) 37 41 88Prunes, .French 12Xa ISPrunes. Turkish, old a ..

do new 8 a ....Dates 6xa 6HFlEs,' Smyrna |) A. 9 a 14

Canton Ginger, cise 7 59 a7 75Almonds, Languedoe *30 a

do Tarragona lS!ka 19do Ivlca nxa 19do Sicily, soft shell a ...do Shelled. Sicily... 30 a 31•lo paper Bhpll la

Sardines » hi. box. 30 a S3•ardlnas 4< <ir,box. 2U)4a ...

ilrazUNnts B«w It a HH

do Barcelona IlkaWalnuts' Bordeaux aMacaroni, Italian llHa

DOHKSTIO DBIKD FBTHTS.Apples, state v &. 6}<a

do sliced ska00 Western ado Southern, good..,, 5 ado prime 7 ado Rllct^d. new 9 a

Peaches, |)arrd 14 ado nnpared,(|r8Ahlve 4 aBlackberries 7 aCherries, pitted 21 aPecan Nuts V J», 9 aHickory NuU JJbnsh. ...a ..Chestnuts do ...a ...

Peanuts, V a,g'd to incy ol 1 a .

.

d.i iionew 120 »1 75do Wll.jt'dtobesld*. 1 CO MM

12X

i»d

11

18

n10

THE DRY QOODS TRADE.raiOAT. p. M.. Feb. «!, IffJJ.

The weather ii still nnfavorab^e for an active diatribatlon Inthe interior, and • retail deal«r)i fail to lee any very incouragincindications of an active eprinjf busineia, there I* a g<nera; India-poaltlon ahown to operate freely, and the majority of buyoTM fromthe interior relurn home without making liberal lelectioni. It

Is hoped that the deficiency in the early ralea will be made up bya more active distrlbutlcn in May ; but sacb Is seldom the ease,and our jobbers have been bitten too often to base yery greatexpfCtatioDB upon the coming business. There has l>een a eon-siderablu amount of goods distributed thus far, but theaggreg«t«is not fully up to the average for this period of the yi-«r. Pricesare very full, and the business is sufficient to mainuia previousquotations. Stocks have run low in almost every instance, andagents aro taking orders on many lines, although their sales arecurtailed by the slow movement which continues from first hands.The abaencc of speculation from the trade is a healthful feature,

and one wjiich the experiences of our dealers daring the past

few years make them regard with especial favor. Collections

have been fair thus far and the general tone of the market Usound.

Domestic Cotton Goods.—Althongh the jobbing movementhas been somewhat curtailed by the unfavorable weather of the

past week, the aggregate distribution has been fair, and the

strength previously noted on all lines of cottons continues with

pri':es rather tending toward an advance. A good d( mand fromthe interior prevails in brown sheetings and dhirtings, and all

grades are distributed as freely as the reduced condition of stocks

will admit. Prices arc very strong, but have undergone veiyfew changes since our last report. Bleached shifetlnga andshirtings are in active request and are firmly held, with prioea

somewhat improved in a few grades. Several brands of shirtings

are largely sold ahead, and in some cases are advanced. Colored

cottons are selling freely, and the market is strong on all of theleading brands of ticks, denims, and stripes. Prints are in goodrequest, and novelties are moved as fast as received. The offer-

ings comprise many choice styles this spring, and the trade thusfar has been all that dealers could desire. Other cotton fabrics

are in fair request, with no noteworthy alterations in prices.

Domestic Woolen Fadrics.—The business is without especial

animation, and the ' market rules only moderately active, sale*

being restricted for the most part to small selections of the better

qualities suitable for immediate distribution. Clothiers are still

moderate buyers, and the bulk of the sales are to them. Jobbersare buying moderately, but their customers have not b<>gan to

operate with any freedom as yet, and they restrict purchases in

consequence, as the outlook is not favorable for any marked im.

provement in values during the remainder of the season. Thereare few goods in the country, and it Is thought that the distribu-

tion cannot fail to exhaust the stocks in first and second bands,

which will be light, as manufacturers have turned upon winter

goods anusnally early. Dress fabrics sell freely, and the offer-

ings of all our principal mills are held with much firmness,

The stocks include many choice effects, which compare favorably

with any similar goods made abroad.

Foreign Goods.—There has been a fair business in a private

way and thiough the auction houses, but the trade lacks spirit

still. Staple dress fabrics are in good request, and there has

been a liberal distribution of worsteds. Silks have displayed

rather more animation in first hands, ani fair parcels of black

gross graines have been taken by city and out of town jobbers.

Prices rule steady at about last year's rates. Ribbons have not

been very active, and have been forced in the auction rooms on

several occasions at rates greatly in buyers' favor. White goodswere in fair request, and are realizing a moderate profit. Nain-

sooks, jacconets, Swiss mulls, checks, &c.,are moving more freely,

and some houses report an improved demand for piques, although

they are still comparatively inactive. Embroideries are also

more inquired for, especially Hambure edgings and insertions.

We annex a few particulars of leading articles of domestic

luanoiacture, our prices quoted being those of leading jobbers

:

300 THE CHRONICLR [March 1, 1873.

Brown SheetloKSand Shirtings.

Width. Price.Anwun F... 8«Albion A 86Adriatic 86Atlantic A

do D...do H..

Appleton A.do N.

AngnstABedford R.

.

Boott FF ...

do Sdo W

Coneetoeo DOabot A 3HDwlghtX... 30do Y.... 33do Z .... 36

Indian Head. 7-8do ..48

Ind'n OrchardA 36

do BB. 33do C. 36do W

Laconia B. .

.

do S...do O...

Lawrence A.do D.

Width. Price. I

Utica Nonp 40X 19-J9V I

dodododo

30373639863640

LL. 36XK 3KY.. 86

Nashua flneB 40do O.... 38do 11.... 36do W.. 48

Pepperell 7-4do .... 8-4do .... 9-4do ....10-4do ....11-4do ....12-1

Utica 36do 48do B8do dTK- Nnn 40)^

Bl'ched Sheetingsand Shirtliiss.

11«lOX13X14

12«ViH14IIX

13

141316«11

18UIS131220

14X121311

13«12X13)i1214

15X121.^

12XIfi

13

14X20

27X303iii

37X4S)i45]«)«

27X35

18X

dododododo

9-4.10-4

heavy 36XX 10-4

Wamsutta.. 40Xdo HH 36do XX 36

6iii57X17«)8XB7X222020

Price.1921

23X25

Amosl^eag.ASBdo 42do 46

Androscog-gin L 36

Arljwri'tWT 36

16X17

18X

1617

Bronrn Drills.Amoskeag 15Adriatic 15Laconia 15XLangley B.... 14 15

Pepperell 15XStark A 15

Prints.American IIKAmoslieag 10

Bedford 8>fCocheco IIXGarner* Co.... 11-llXGloucester IIXdo mourning llx

Hamilton IIXLodi iO}i

\

Manchester 1I>41

Merrimac D die. .. !l>fdo W pit and pur. 13 1

do Shirting IIXPacific IIXRichmond's 12Simpson 2d Mourn. ll>fdo blacli & white. IIXSprague'sfan MXDomestic Ctlng>

hams.Amoslccag 15

Bates 15Caledonia naChicopee i^XGlasgow 13Gloucester 12)fHartford 12^^

Lancaster 14Manchester 12Namaskc 14Park Mills 14Peabody 12Quaker City 12XRenfrew 15Union 12>*

Tickings.AmosVg ACA,

Auburn 36 15X-18.4-43133

3845

AlbionBartletta .

.

do ..

do ..

Bates. BB.do B..do ....

do XX.. 46BlackstoneAA 36

Boott B.... 36do C... 38do R.... 28

BllertonW84-4Fmlt of theLoom 35

ar't Falls Q 36do S 31do A 32do M 32

Lonsdale... 36do Cambric 36N.Y. Mills 36Pepperell . . 6-4

do .... 7-4do .... 8-4do .... 9-4do ....10-4do ....11-4

PoccassetF S3Utica 6-4

1112

UHISX16>i141918

IS

14X1310

13X-H

17K1«

12Ji13

1.3X!7

22X21

27>f2D-30Six37K42X4t}i10«27>i

do " A..do B..do C.do D..

Cordis AAA..do No. 2.

do No. 3.

do No. 4.

do No. 5.

do No. 6.

do No. 7.

Baston Ado B 12

HamiltonLewiston A.. . 36

do B... 30Stripes.

AlbanyAlgodoaAmerican 13-14Amoskeag 1&-19Arkwright . . .

.

BastonHamiltonJewett City..

.

VThittenton A.do BB..do C.

Checks.Caledonia,

21

12X

1914

16-17

12X-13>f17

14-1513

dododododo

9..

12..

15..

70..

80.Park, No. 60.

Park, No. 70..

do SO..

do 90..

do 100..Denims.

Albany 13

Amoskeag 26Algodon 13Bedford UXBoston 12>iBeaver Cr, AA 22Chester D'k B 13>iEverett 25Haymaker Bro 16Otis AXA S3do BB 81doCC 17XCorset Jeans.

Amoskeag 13Androscog'n sat 16Cnnoe River.. lOX-UHaliowell Imp 13XInd. Orch. Imp 12XLaconia . 13XNaumkeagsat. 16 -IBHPequot 14)^-15Suffolk 12XGlazed Cambrics.Amoskeag 8>i

I Garner BXIHarmony 8-8>fManville 8X

I

Pequot 8X-9IRed Cross 6)4

I Victorv H 8X

I

Spool Cotton.Brooks, perdoz.

200 yds 70J. & P. Coat's 70

IClark, John, Jr.

I& Co 70

Clark's, Geo.

A

70

I Willimantic, 3cord 47Xdo 6 cord. 70

Samosset 42XGreen & Dan-

iels 42)iHadley 65-67XHoiyoke 35Steriing 70

Bags.American 32 60Amoskeag 33 50Great Falls A. 34 00Ludlow AA.... 34 00Lewiston 34 00Ontario A 37 50PowhattanA.. 85 00

do B.. 42 50Stark A 37 50do C 3 bush 36 00Cotton Dnck.

;

Sail dnck, 22inW'db'ry,

I„. .

'

Light duck-Bear duck (8oz.)do hfavy(9oz.>.Mont.Raven829in

do 40in.Carpets.

Velvet, J. Cross-ley & Son'sbest 2 65do do A No 1.. 2 65

Tap Brussels.Cros8ley& Son'sl 30-1 40Eng. Brussels. 2 SO-2 30Hartford Carpet Co

:

Extra3-ply 1 52)iImperial 3-ply.. 1 45

16 Superfine 1 2018 Med. super 1 05

26X Body Brus 5 fra. 2 0027>i do 4 do 1 802SX do 3 do 1 8025 Hemp, plain, 36 in17 I do ex plain, 36 In

UENEBAIiPRICES CURRENT.

ASUKS-?Ot,l>tsort V 100 S> 8 SOa .

BREADSTUFFS—See special report.

BUILDING MATERIALS—Bricks-Com. liard...«i MCrotons '*

Philadelphia Irouts. '*

Cement— linsonrtale *hhlLime— Kockrd.com.* bbl

Rockland, lump....Lumber—Southern pine..White pme box boards,white pine mer. bx b'dsClear pine BS 0O@7» 00Bnruce boards A planks 80 00@33 00H*imlock bo'rds & plank

"~

Nails—'.Od.oed.com..* kgClinch, ato 3 in. & over2d and 'd fineCut spikes, all sizes .. .

Paints—Lead, white. Am-erican, pure. In oil llSd —Lead.wh., Amer..dry. ...d 10

Zinc, wh., dry. No. 1. 9 ® 9>j

Zinc. wh.. No. 1, in oil. UX® 12- • • " 2 S59 2 50

7 00(311 5012 00@16 0040 aiKaa m....» 2 10

® 1 5"

....& 1 7528 30S40 0031 00(333 0032 00(S34 00

27 00(384 00....9 5 as6 76(9 ! 2.5

... (S 7 5C

... .@ 5 50

302421191724212119171514

12>i-ax20

30-3840-46

28X262434

Paris wh„Eng»i 100 lbs.

BDTTKR AND CHKESB—Butter

—

State dairies choice 39 ® 40do fair to good.. 2S ® 35

Western firkins 15 @ 30do tubs 16 ® 23

Cheese—Fart'ry, fine '.6 & 1"

do com, to gd. 10 & 15KCOAL-Auctlon sale of Scranton, Feb. 28:

10.000 tons stenmboat... 4 0!H® 4 20

20,000 tons grate 4 17^® * 2515,000 tons egg 4 43 ® ...

25,0U0 tons stove 5 20 ® 5 2-H15,000 tons chestnut .S 95 ® 4 005,000 tons lump 3 85 ® 3 9a«Liverpool gas cannel fel8 00

Liverpool house cannel ®21 00

COFFEE.—See special report.

COPPER—Bolts & 45Sheathing, new (over

13 oz) * »> ....® 43Braziers' (over 16 oz.) ® 45

American ingot 34>ia 35

COTTON—See special report.

DRUGS & DYES-Alum.,&rgolB, crude KoldVrgols, refined "Vrsenic, powdered. **

Bl carb. soda.N'castle"

Bl chro. potaflh.S'tch "

Bleaching powderBrlmstone.cru.f ton.frldBrimstone, Am. roll »»Lamphor, crude. . . .goldChlorate potash— "

Caustic soda "Cochineal, Hondur.. "Cochineal, Mexican. "

Cream tartar, prime " i>o oCnbebs, East India. '• 8 ®Cutch " 6 ®Gambler....* B... " 5 1-168

Ginseng, Western 90 ® 95

Slnseng, Southern 1 10 ®Jalap ......gold ....aLac dye, good & fine *' aO ®LxCorlce paste, Galahrla. ^ &Licorice paste. Sicily ... 25 ®Madder, Dutch. ....golM lOXn*Madder.Fr. E.X.F.F" SH9Nutg'ls.blue Aleppo, " 20 ®Oil vitriol (60 to 66 degs) 2J<®

2330

2M

19X

18 ®26i4®....®6H®19 ®SH»....340 003 ® ..

20)4941 ®6V ®61 ®55 ®

2142766

57K

5K

46SOX4026n%9«222>4

Oplum.Turk.lnbond.Kld 5 62)i® 5 75

Prnsslate potash, yel'w. 39 ® 40XQuicksilver gold. 97 ® 93

Quinine per oz. 2 50

Shubarti, China....* lb 60 ® 1 10® 2 S'y® 50

18 ® 19....® 12

IRtPOBTATIONS OF DRIT GOODS AT TBE PORT OFJiEW YORK.

The importations of dry goods at this port for the week endingFebruary 27, 1873, and the corresponding weeks of 1873 and 1871have been as follows

:

UTIMD FOB OONStTMPTIOK POR THB WEEK EtTDINQ PEBBUABT 28, 1873.-1871-

Pkge. Value.Hannfactares of wool....2.3S (1,017.3

do cotton".. 2,830do Bilk 1,421

do flax 1,682

Hiacellaneoas dry goods. 1,638

810..502

1,128,686370,059349,292

1872 ,

Pkgs. Value.3,246 $1,607,1593,996 1,217,572

1,580,370609,970536,046

1,730

2,4872,305

1873 ,

Pkgs Value.""

1821.834715,905

1,6002,296

%11,439

662,282370,417212,213

Sal soda, Newcastle, glu 2 25

Shell Lac, 2d and 1st Lng 47

Soda ash gold.Suifarlead, whiteVitriol. blue

FISH—Drycod » CWt. 6 00(8 6 75

Mackerel, No. 1, shore .... 23 m%a 00Mackerel, No. I.Halifax., i: OoaaouOMackerel, No. 1, Bay. new 17 Oi)«2-J 00

Mackerel, No. 2, shore new 11 5i)812 0(i

Mackerel, No. 2, Bay. .new 12 00al2 50

FLAX-North River....* B 159 18

FRUITS—See groceries.

QXJNNIE8.—See report undor Cotton.

GUNPOWDLR- ,

Shipping * 25 Ik keg ® 4 25

Min. & Blasting ® 3 75

HAY—North R.shlp'g, * 100 J>1 10a 1 15

HEMP—Am. dressed.* ton.200 90®230 00

American undressed 120 0O®125 00Russia, clean gold.aiOOO®Manila, current..* » " ....®

STOBB PBIOSaBar, Swedes !45 Oiigiiss 00Scroll 120 00(a;50 COHoop ISO ooai7a soSheet. Rub.,as. toBssor.gd 16 & 178heet,8lng., d.& t.,com.. 6K9 7KRalls, Kng.* ton... (KOld) 70 OU® 71 00Ralls Am.,at works In Pa. 80 00® ....

LEAD-SpaDiih,ord'y*:oos>gold.i J'KS* 90German. ** •* 6 S7H®6 60Englisa " 6 50 ®7 COBar ®9 25Flpeandsheet alO 60

LEATHER- ^ca«h,*ll^Oak, slaughter, 32 ® 45" crop 8> a 42" rough slaughter 83 • Stt

Hemlock. B.A 28 8 81California J7xa 2SW

" Orlnoco,*c 27 ® WH" rough 83 a 39

MOLASSES—See special report.

NAVAL STORES—Tar, Washington 3 50 3S 62HTar, Wilmington 3 75 84 00Pitch. cltv 4 00 184 25Spirits turpentine.* gall. 66X® 67Rosin, strained, V bbl... 3 75 «3 97

'• No.l 4 25 94 SO" No.2 SS7)<«4 00" pale 4 ?S *5C0" eitrapale S 00 as 50S

OAKUM * B 7J4a WXQJI, (^AKECity thln,obl.lnbM8.*tn.gd... a ....

West, thin obl'g. (dom.)... 40 00a40 25

OILS-OIlve, in csks * gall 1 20 01 25Linseed, crushers prices* (gallon, in casks 96

Cottonseed Crudes 44" '• yellows.. .. 49

Whale, bleached winter.. 75

Whale, crude Northern.. 65

Sperm, crude I 55

Sperm, bleached 175Lard oil, prime winter... 63

PETROLEUM-Crude, ord'v gravity. Inbulk, per iralion a

Crude In bblB UH<aRefined, standard white. 19saNaptha.refin., 68-73 gray. 18 a

PROVISIONS- „ , „Pork. m«Ba » hhUnew).'5 00 015 05

Pork, extra prime 11 50 all 2,,Pork, prime mess U 25 «I5 87KBeel. plain mess SOU ©8 00

Beef, extra mess new. 12 00 flS 50

Beefhamp.new 80 00 aS2 00

Hams, pickled »» U ^ Iff*

Lard . . 8X»RICE—See groceries report.

SALT—Turks Islands ..* bush. 85 -»

Cadiz , 25Llv'p'l, various sorts.... 1 50

SALTPETRE-Refined, pure *» ....« I^,^

Crude gold .. » .XNitrate sod a " SXiS 4

SEED-Clover *» 9 « . 9)K

Tlmothv *bush. 3 ^ f i?5Hemp, foreign 2 00 ® 2 .0

Flax^pRd, Amer'n.r'eh. '2 2^ ® .= WLinseed, Cal.,* sen gld. 2 67X'4 2 70

BILK-T8at!ee,No.3chop*ft8 re* 9 PO

Tsatlee, re-reeled 8 i2H« |M

Taysaam. No8. 1 &2 7^?'* ?i?,.Canton, re-reeled No. 1 ..6 2oa 8 wx

RT't?T TER^Pl'aies.for'n.VlOOB.gold 72S ®7 S7Vi

Plates domestic * »> 8Xa lOHSPICES—See groceries report.

SPIRITS— ^* gal'..—,

Brandy .foreign brands,gold5 650115 00

Rum—Jam., 4th proof. •• S 8"® 5 to

St. Croix, 3d proof... '• s CO® S 40

Gin, different brands . '• 3 15® 3 8S

Domestic liquors—Cash.

A icohol (88 per ct)C. &W.1 80 ®1 92XWhiskey 91XS •'.Jf

a 97a 45

a 50

a 80

a 70*1 57«ai 30® 70

8V

19X14

8X

a 40a 4C® 3 25

Total 9,859 $3,705,932 13,764 $5,551,117 15,602 $2,682,621

WITHDRAWS FBOX WABEHOCSB ANB THBOWN INTO THE MARKET DCBING THBSAME PERIOD.

jlannfactnresof wool.... 946 $320,606 890 $373,668 837 $360,771do cotton.. 665 169,023 760 198,874 964 294,088

do silk 127 145,608 867 825.680 813 331,471

do flax 664 163,371 764 186,516 912 209,623

UiscellaneoUB dry goods. 2,382 41,661 4,441 42,082 1,727 48,928

Total 4,733 $840,269

Add ent'd for consnmpt'n. 9,889 3,705,9327,112 $1,126,720

13,764 6,651,1174.748 $1,244,871

16,602 2,682,621

Total thrown upon m'k't . 14,622 f4,.546.201ENTERED FOR WAREHOUSINa

Mannfactares of wool. . . . 1,295 t4H7.361

do cotton.. 934 221,520

do silk 803 344.190

do flax 624 157,825

UlscelUneout dry good8.3,147 79,678

20,878 $8,677,837 20,346 $3,927,492DURING SAME FERIOD.

1,412 $640,703 820 $.338,3011,109 311,252 1,085 297,408390 432,932 343 326,688

1,288 267,266 696 185.716911 85.131 6,974 91,620

Total 6,308 $1,270,574 5,060 $1,727,28413,764 6.651,117

9,918 $1,239,627

Add ent'd for con§uinpt'n.-9,889 3,706,932 15,602 2,682,621

Sisal . .

.

Jute

^yiiuenos Ayr..** gldMontevideo .... ...

"CorrlentesBio Grande "Orinoco

"California

"Maracalbo

_^Bahln .

8Ka

26 a... a26 a27}(a.... a25K®20 a

English, caBt,2d*lst qo *ll 18 ®EnKll«h.Bnrlng,2d &l8t qn 9xaEnglish blister, 2d& let qu IIX®American blister eAmerican caBt, Tool ®American cast spring ®American machinery aAmerican German Bprlng. » a

SUGAR—See special report

TALLOW—American* » .

.

TEAS—See special report.

TIN—Banca...* Si.goldStraits "Kngllsh.............PlateB.I. Cchar. *b"Plates.char. Terne "

22lOX

UK

i\(3t •

SIX®SIX®

IS so12 2S

i!tl4 00al2 SO

37H82SIX

Total enttrcd at th*port.t8,l»2|4,«7«,M< tS,824 $7,278,401 35,520 $8,92S,24S

Dry Salt.—Maracalbo.gold(3hUl "PernambucoMatamoras "Bahla "

Wet Salted—Buenos AyreB..*B gold.

Rio Grande '

California "Texas cur.

Ba«t India Stock--Calcut. city sit. *» goldCalcutta, dead green "

Calcutta, bufi'alo.*J>'

HOPS—Crop ot 1872..* B...Crop of 1871

Crop of 1870.

....aIS a

...a14 aHsa40 a... a10 a

28

27X27

26

l^201619

nx2016

14X151816

17X14X15

15

IRON-rig. Vm..So.l.*ton 50 ooaPig, American, t.o. 2 48 00® — ,

Pie American Forge 41 00® 42 00 Wheat. .b.*b.Pig Seotcn S4 ooa 62 50, Beet Jtco.Bu reHued Eng. * Amer.UO 00a .... Pork. . <«bb.

TOBACCO—Kentucky lues, heavy ... ® ....

" leal. " lOK® 16

Seed leaf, Conn., wrappers. 45 a 58fillers 14 a !«

Pennsylvania wrappers 22 a 50

Havana, com. to fine 88 ®1 10

Manutac'd, In bond, dark wrk.!6 a 25" " bright work. 20 a 45

WOOL—American.8»ionyFleece *tt 63 OilS

American. Full Blood Merino 63 ®7«American, Combing 63 ®"«Extra.PuUed 55 ®6gNo 1, Pulled 48 a48California. Spring Clip—Fine, unwashed m ®40MeJlnm •• M ««CoRimon, unwashed........ 2S ®si

South Am. Merino unwashed 82 iBSS

Cape Good Hope, unwashed. 37 a40Texas, fine ;» ®40Texas, medium.... S6 ®40Smyrna, nuwafihea *J a26ZINC-Sheet »» lOKanFREIGHTS— /- STEAM.—. , eAll,.

To LIVBEPOOI. : $. d. s.d. ».d. n. dCotton * » X® 6-16 nominal.Flour....* bbl 2 6 ».... 2 Oa ....

H KOOds.* ton 25 a49 22 6*27 6

oil ^^ »• 85 oa ...

Co^n *ba. 6xa.... 6|g« ...— . . .^ .- 7 ^ 7^a 6 4 (a ..

. a4< iia ..,