32
HLNT'S MERCHANTS' MAGAZINE, ^^ REPRESENTING! THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATE? VOL. T2. INEW YORK, MAY. 20, 1876. NO. 5H9. Financial. THS National Bank-Note Co., (INCORPOBATED NOVEMBEE, 1858.) OFFICE, No. 1 IVAIX STREET, ' NEW YORK. ENSBATXIia or THB OBii«d States Bon4^t Notes, Correney and National Bank Notes. BsoBATiso A»D PBnmso OT «AN_K-NOTIS, STATK AND BAILROAD BONDS, FOSTAOK AND BEVENtTB STAMPS, - CKKTIITCATIS, DEAITS, BILLS OF EXCHANGE, AND OOMMXRCIAL PAPKBS, In the hlghesl «tyl« of the art with tpteial taft- gnardt devised and patented, to prevent counter felting and alterations. This Company engraves and prints bonds, postage stamps and paper money for various foreign Governments and Banking InstitutionsSoatb American, Soropean, West India Islands, Japan, &c. Comtnunieationt may adelrMsect to tM* Company tm^ language. J. n. VAJr ANTTTEKP, Pres't. jr. MACDONOrOH, Vlee-Pres't. A. D. SHEPARD, Treasurer. JNO. B. OVRBIER, Secretarr. ASA P. PoTTKE, Pres.t. Saji'l Phillips, Jr., Cashier. Maverick National Bank BOSTON. Capital, .•..-.. $400,000 Financial. J. & W. Seligman & Co. BANKERS, S9 BXCHAIfCffi PLAOB, CUBNKR BliOAD 8TBEST, NBW 1 ORK. bsne Letters of Credit for Trarelers, PsTsble In anr part o( Borope, Asia, Airles, AostrsUa and America. Draw BUIa of Ezckaoge and make telegraphic trans- fers of money on Europe and Caltfomla. Surplus, 175,000 Special attention given to COLLECTIONS, and prompt remittances made on day of payment. BoAton business paper discounted. Correspondence invited. Gargiulo & Co., BANKERS AND BROKERS Nos. 4 & 6 Broad Street, KKW Y0RK.1 Stocks, Bonds, Gold and Mlacellaneons: Securities bought and sold strictly on commission. Orders by mail or telcgrapn careluiiy atieuoea to. Andrew Stuart & Co., BANKERS, 34 PINE STREET, NB\r YORK. DRAW EXCHASGE ON DAVID STUART & CO., Liverpool, P,i;able in London. Advances made on Consignments. FISK & HATCH, BANKERS, No. 5 SA8SAI7 ST., NEW TORK. We give partlcnlar attention to DitacT Dxilikos m QOVKENMINT BONDS AT CURBSNT UABKKT BATKS and are prepared, at 1*11 times, to buyer sell In large or snialt amojnss, to suit all claspei of Investors. Orders by mall or telegi^ph will receive careful atten- tion. We Bball be pleased to fnmUb Information in reference to all matters connected with Investments tn Government Bonds. We also b-j and sell Gold and Gold CorroKs Collect Dividends, and Town. CouNTVand State Coupons, &c.. and buy and 8en,o!r Cox^issiON, all Mabkstablx Stock and Bonds, in our Banking Department we receive deposits and remittances subject to draft, and allow Interest to be crelited monib'.y, on balances averaging, for tbe month, from $1,000 to |3,CC0, at the rate of tbree per cent per annum, and on balances averaging over $3,000, at the rate of four per cent. FISK &. HATCH. Financial. J. Middledith, 2 EXCHANGE COURT, NEW YORK Member New York Stock Exchange. BROKER IN UNDOUBTED ST OCK PBIVILEOES. Stout & Thayer, BANKERS AND BROKERS, 3S Broad Street, New York. Buy and Sell STOCKS, BONDS and GOLD *n Cora mission. Deposits received on Interest, subject to Check. KDMirirO D. KAHDOLPH. BOWBLL W. BXOXX,XT WILLIAM J. BLACK. M. K. Jesup, Paton &Co. BANKERS, No. Si William Street, New York. Draw Exchange on Union Bank of London. Acconnta ot Banks, Bankers and others reoelred upon favorable terms. Interest Allowed on Balances Subject to Drafts at Sight. Advances made upon Consignments to otir address or to our Correspondents In Europe. Investment Securities Bought and Sold. Charles G. Johnsen, BIERCUAXT AND BAIVKER, 106 GRAVIER STREET, REW ORLEANS, X. A Trask 6c Stone, BAXKERf? AXD BROKERS, No. T NEW STREET, NEW YORK, Transact a General Backing Buskcss. STOCKS, CONDS and QuLD DuUght and Sold on CommUsIon, and carried on Margins. Deposits Kecelvcd ant Interest Allowed. ^F' Accounts of Country Banks and Bankers re- ceived en favorable terms. Sherman & Grant, BANKERS, WASHINGTON, D. C. GiSBBAt EXCHAXOB ASD Pi\KlNO BCSIXSSS. Collections i^ .LL roisTS. WM. W. WAKESAN. JA8. E. JK3CP. JE., AABON COXKUX Member N. Y. Stock Ex. Wm. W. Wakeman & Co B.ANKERS AND BROKERS, 36 WALL STREET. Gorernment Securities, Stocks k Bondsi ALSO, CALIFORNIA AND NEVADA MIKIIVG STOCKS BOUGHT AND SOLD ON COMMISSION. Quotations of all the active Mining Stocks of the San Francisco Stock Board, and Mining news received daily, furnished by mail to any party desiring the In- f ormation. ^_^ Kdward C. Fox & Co., STOCK BROKERS, 30 BROAD ST., NEW YORK. Stocks, Bonds and Oovcmment Secnritles bonght and sold at the New York Stock Exchange. We give Special Attention to State, CItj-, County and Town Bonds, and Securities of defaulted Railroads for wIilcU tliere Is no recular market. QUOTATIONS FURNISHED. McKini Brothers & Co. BANKERS, 4T Wall Street, New York. Hilmers, McGowa n & Co BROKEP^ IN * FOREIGN EXCHANGE AND GOLD, 63 Wall Sti-eet, New York. (P. O. BOX 2,S4T.) Special attention paid to the negotiation of Con. mercial bills, .

HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

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Page 1: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

HLNT'S MERCHANTS' MAGAZINE, ^^

REPRESENTING!THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATE?

VOL. T2. INEW YORK, MAY.20, 1876. NO. 5H9.

Financial.

THS

National Bank-Note Co.,

(INCORPOBATED NOVEMBEE, 1858.)

OFFICE, No. 1 IVAIX STREET,' NEW YORK.

ENSBATXIia or THB

OBii«d States Bon4^t Notes, Correney

and National Bank Notes.

BsoBATiso A»D PBnmso OT

«AN_K-NOTIS, STATK AND BAILROAD BONDS,

FOSTAOK AND BEVENtTB STAMPS,- CKKTIITCATIS, DEAITS, BILLS OF EXCHANGE,

AND OOMMXRCIAL PAPKBS,

In the hlghesl «tyl« of the art with tpteial taft-

gnardt devised and patented, to prevent counter

felting and alterations.

This Company engraves and prints bonds, postage

stamps and paper money for various foreign

Governments and Banking Institutions—Soatb

American, Soropean, West India Islands, Japan, &c.

Comtnunieationt may 5« adelrMsect to tM*Company <» tm^ language.

J. n. VAJr ANTTTEKP, Pres't.

jr. MACDONOrOH, Vlee-Pres't.

A. D. SHEPARD, Treasurer.JNO. B. OVRBIER, Secretarr.

ASA P. PoTTKE, Pres.t. Saji'l Phillips, Jr., Cashier.

Maverick National BankBOSTON.

Capital, .•..-.. $400,000

Financial.

J.& W. Seligman & Co.

,

BANKERS,S9 BXCHAIfCffi PLAOB,

CUBNKR BliOAD 8TBEST, NBW 1 ORK.

bsne Letters of Credit for Trarelers,

PsTsble In anr part o( Borope, Asia, Airles, AostrsUa

and America.

Draw BUIa of Ezckaoge and make telegraphic trans-

fers of money on Europe and Caltfomla.

Surplus, 175,000Special attention given to COLLECTIONS, and

prompt remittances made on day of payment.BoAton business paper discounted. Correspondence

invited.

Gargiulo & Co.,

BANKERS AND BROKERSNos. 4 & 6 Broad Street,

KKW Y0RK.1

Stocks, Bonds, Gold and Mlacellaneons: Securities

bought and sold strictly on commission. Orders by

mail or telcgrapn careluiiy atieuoea to.

Andrew Stuart & Co.,BANKERS,

34 PINE STREET, NB\r YORK.DRAW EXCHASGE ON

DAVID STUART & CO., Liverpool,P,i;able in London.

Advances made on Consignments.

FISK & HATCH,BANKERS,

No. 5 SA8SAI7 ST., NEW TORK.

We give partlcnlar attention to DitacT Dxilikosm QOVKENMINT BONDS AT CURBSNT UABKKT BATKSand are prepared, at 1*11 times, to buyer sell In large

or snialt amojnss, to suit all claspei of Investors.

Orders by mall or telegi^ph will receive careful atten-

tion.

We Bball be pleased to fnmUb Information in

reference to all matters connected with Investments

tn Government Bonds.We also b-j and sell Gold and Gold CorroKs

Collect Dividends, and Town. CouNTVand StateCoupons, &c.. and buy and 8en,o!r Cox^issiON, all

Mabkstablx Stock • and Bonds,

in our Banking Department we receive deposits

and remittances subject to draft, and allow Interest

to be crelited monib'.y, on balances averaging, for tbe

month, from $1,000 to |3,CC0, at the rate of tbree per

cent per annum, and on balances averaging over

$3,000, at the rate of four per cent.

FISK &. HATCH.

Financial.

J.Middledith,

2 EXCHANGE COURT, NEW YORKMember New York Stock Exchange.

BROKER IN UNDOUBTED

ST OCK PBIVILEOES.Stout & Thayer,

BANKERS AND BROKERS,3S Broad Street, New York.

Buy and Sell STOCKS, BONDS and GOLD *n Cora

mission.

Deposits received on Interest, subject to Check.

KDMirirO D. KAHDOLPH. BOWBLL W. BXOXX,XT

WILLIAM J. BLACK.

M. K.Jesup, Paton &Co.BANKERS,

No. Si William Street, New York.Draw Exchange on Union Bank of London.

Acconnta ot Banks, Bankers and others reoelred

upon favorable terms.

Interest Allowed on Balances Subject to Drafts at

Sight.

Advances made upon Consignments to otir address

or to our Correspondents In Europe.

Investment Securities Bought and Sold.

Charles G. Johnsen,

BIERCUAXT AND BAIVKER,

106 GRAVIER STREET,

REW ORLEANS, X. A

.

Trask 6c Stone,BAXKERf? AXD BROKERS,

No. T NEW STREET, NEW YORK,Transact a General Backing Buskcss.

STOCKS, CONDS and QuLD DuUght and Sold on

CommUsIon, and carried on Margins.

Deposits Kecelvcd ant Interest Allowed.

^F' Accounts of Country Banks and Bankers re-

ceived en favorable terms.

Sherman & Grant,BANKERS,

WASHINGTON, D. C.GiSBBAt EXCHAXOB ASD Pi\KlNO BCSIXSSS.

Collections i^ .LL roisTS.

WM. W. WAKESAN. JA8. E. JK3CP. JE., AABON COXKUXMember N. Y. Stock Ex.

Wm. W. Wakeman&CoB.ANKERS AND BROKERS,

36 WALL STREET.

Gorernment Securities, Stocks k Bondsi

ALSO,

CALIFORNIA AND NEVADAMIKIIVG STOCKS

BOUGHT AND SOLD ON COMMISSION.

Quotations of all the active Mining Stocks of the

San Francisco Stock Board, and Mining news received

daily, furnished by mail to any party desiring the In-

formation. ^_^

Kdward C. Fox & Co.,

STOCK BROKERS,

30 BROAD ST., NEW YORK.

Stocks, Bonds and Oovcmment Secnritles bonght

and sold at the New York Stock Exchange.

We give Special Attention to State,

CItj-, County and Town Bonds, andSecurities of defaulted Railroads for

wIilcU tliere Is no recular market.

QUOTATIONS FURNISHED.

McKini Brothers & Co.BANKERS,

4T Wall Street, New York.

Hilmers,McGowan& CoBROKEP^ IN *

FOREIGN EXCHANGE AND GOLD,63 Wall Sti-eet, New York.

(P. O. BOX 2,S4T.)

Special attention paid to the negotiation of Con.

mercial bills, .

Page 2: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

THE CHRONICLR [May 20, 1876.

FiuanciaL

Drexel, Morgan & Co.,WALL STICEBT,

CORNER OF BROAD,- NEW YORK.

Drexel & Co.,

No. 31 SOUTD TattD St.,

Pblladelphli

Drexel, Uarjes & Co

31 Boulevard HaussmaDn

ParU.

Fiuanoial.

DOMESTIC AND FOREIGN BANKERSDepof its received subject to Draft. Securities. Gold,

ftCDouglitaii'i soldonCoriuulsEioii. Imere-t allowedOD I'eposit^. Foreign bxcbatige. Commercial C'eUUs.Cable Traosffrv. Circular Letters for 'iraT«leri,Ta.ab:e m all paittof the world.

Attorvkts and Agcnts ornemarm. J. S. inuRUAN Sc CO.,

No. «2 OLD BROAD ST., LONDON.

Morton, Bliss&CoBankkes, 3 Broad St., N, Y.

iBsae Circular Notes and Letters of

Credit for Travelers; also CommercialCredits available in all parts of the World.Negotiate First-Class Railway, City and

State Loans ; Make Telegraphic Transfersof Money

;

AND DRAW KXCHANGK ONMorton, Kosb & Co., - London.HOTTINGUKE & Co., . - - PaEIS.

Hops <fc Co., - - - Amsterdam.

AGENCY OF

Merchants' BankOK

Canada,62 WALL STREET.

$9,000,000 Gold.8,128,6X6

R. T. Wilson 5c Co.,BANKEB8 AND COMMISSION MSRCBANTS

3 EXCHANGE COVItT.Liberal cash r.dvances made on coDsi^nmeaTj of

CottoDand Tobacco to our address ; also toourlriencsiB Liverpool and London.SoveruiDeat Secarltlea, Gold, Storks

and BondsBouffht and Sold on Commission, and

LOANS NEGOTIATED.AccoDDts received and Interest allowed on balances

wblcb may be cbecked for at sight.

J H. Haar, .1. Henostlih. R. M. Katin,Member Cold hxchange. Member Stock Excbange.

Haar & Co .

BANKERS AND BROKERS,No. 45 ^f^all St.

DEALERS IN' SPECIE AND UNITED STATES SE-CUKITIES. Biy AND SELL STOCK.S. IHINDS ANDGOLD FOR CASH. (IKON MAKGIN. SPECIAL AT-TENTION PAID TO OKDEKS KOK INVEST.MENTS.ORDERS EXECUTED AT THE PHILADELPHIA

AND BOSTON STOCK EXCHANGES.

Financial.

Henry S. King & Co.,BANKERS,

46 Pall nail, London, Eneland.Issue CIRCULAR NOTES frnq/ cAorjw, arailalile

In all parts of the world.

Grant COMMERCIAL CREDITS for nse against

Consignments of Merchandise.

Execute Orders on the London Stock Eichangs.

Make Collections on ail Points. Receive Deposit

and Current Accoonts on favorable lemis.and do aGeneral London and Foreign Banking Business.

KING, BAILLIE dc CO., Liverpool.NEW YORK CORRESPONDENTS,

raessrs. WARD, CA9IPBELL ic CO.

Capital. . • -

Paid np, • • .

Bills of E«thange bought anil sold. CommercialCredits granted, Drafts on Canada Issued, Bills collect-ad, and otber Banking buslneai traoEauted.

WALTER WATSON, I .

WM. J. INGRAM, 'fAgeotB.

LONDON AOEXCY. 32 Lombard St.

S. G & G. C. Ward,AGBNTB FOB

BIRING BROTHERS ^k COinPANV,t* WALL STREET, NEW YORK,

S8 fiTATB STFE^T. BOSTON.

F. W. Gilley, Jr. & Co.,

BANKERS AND BROKERS,

64 BROADWAY AND 19 NEW STREET,

P. O.Boi48». New York.

Orders In GOTerament Secnrltle., Railway Sharesand Hoo<le. exe.uteu sirl'-lly on CommlssluB, at theNew TcrkSlo k hxchange.Particular att. ntlon pai.l to Investments. Foreign

Fxcliange ItouKlit and Sold. Deposits received scb-lect to sight check, and In'erest allowed en dai;»balance", accoroing to the nature of the account.Piompc attention g veu to Collec Ions and Remit,

tances. Information couceining a y ppeclfledsecurHywill becheeriully rurnl^hed without charge.F. W. OlLlKT. Jb , E.S.GlLLsr

Member N. r. Stork Exchange.J. Nklsun Tai-pan, Special.

John Munroe & Co.,No. 8 Wall street. New York,

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

STERLING CREQCES ONALEXANDERS, CITNLIFPES * CO.

London.SIXTY DAT STEKLING ON THE

CONSOLIDATED BANK, LONDON.CIBCTJLAB MOTXa ASP CaapiTs FOE Tkatxi,irb

Winslow, Lanier & Co.,BANKERS,

« PINK STREET, NEW YORK,

Receive the accoante of interior banks, bsnkeraeorporatione and Merchants.

Agents for the sale of City, Cooniy, and RailrosdBonds ; tsene Letters of CretUt for foreign travel.

LONDON CORRESPONDENTSCITV KANK. Tliiradiinertio Street;

Knoblauch

& Lichtenstein,BANKKRS,

29 William St., cor. Ext-Iiange PlaceNEW YORK.

Make Telegraphic Money Transfers.Draw Bills of E.\change and Issue Letters of Credit

on all principal cities of Europe.SPECIAL PARTNER,

DEI7T$CU£ BANK, BerUn.

VERMILYE & CO.,BAKKFRS,

16 and 18 Nassau street,' Nciv York.

DEALERS IN ALL ISSUES OF GOVERNMENTSECURITIES,

NEW YORK CITYAMD

BBOOSLTN BONDS.

BUY AND SELL ON COMMISSIONRAILWAY STOCKS, BONDS& GOLD.

INTEREST ON DRPOSITS.WASH N B. VKKMILYE. | DONALD MACKAY,JAS. A. TKOWBKIDGK. | LATHAM A. FISH.

STOCKS and BONDSAt Auction.

The nndereigned hold REGULAR AUCTIONSALES of all classes of

STOCKS AND BONDS

IWEDNESDAYS AND SATDRDAY8.

ADRIAN U. MLXiLER &. SON,

No. 7 PINE STREET, SEW YORK.

Greenebaum Bros.& Co.,BANKERS,

1 Nassau Street, New York,

(COBNEK OF Wau:, StBSET.)

CHICAGO HOUSE : HENRY GREENEBAUM & CO.

Issue BlllS'Of Excbange, Travelers' and Commercial

Credits, also Telegraphic Transfers of Money, avail-

able in the leading cities of Europe and the United

States.

Deposit accounts received on favorable terms.

Buy and sell Stocks, Bonds, and Gold on Commis-

sion.

New

1

ACeUSTDB J. BSOWN. WAL8TON C. BSOWN.

Aug.J. Brown & Son,RANKERS,

34 Pine Street, New York.

SPECIAL ATTENTION GIVEN TO THE NSeOTlATION OF

RAILROAD SECURITIES.

Grant & Company,BANKERS AND BROKERS,

Nal. 33 AT ALL STREET.TRANSACT A GENERAL BANKING BUSINESS

STOCKS BOUGHT AND SOLD ON COMMISSIONINTEREST ALLOWED ON DEPOSITS.

B. StTTDAX Gbast. G. St. Jobs SninsLB,

Albert H.Nicolay&C<stock Anctioneers and Brokers,

No. 43 PINK STREET, NEW^ YOR|tr REGULAR AUCTION BALKS

OF

STOCKS AND BONDBveri/ Moniai/ and Thundau, or

Spxoial Sales Made on all othib Dats,DPO.f ONE DAV'3 hOTlCE, WHEN RtQUlHED

Our Establl'taed Custom 24 Years.

t^ stocks and Bonds bought and sold at the NewYork stock Kicbange, and at p Ivate sale, «n comi

slon.

ty Secnrltles not dealt In at the Stock Boards

specialty wltk th's house for many year*.

^r* Flrst^laas Municipal Bonds, Ballrosd Bondl

and other Incorporated locus negotiated on liberal

terms.

Levy & Borg,A3 EKcbanse Place,

BROKERS AND DEALERS IN ALL KINXW OF

-'OI/THERN AND iniSCELLA^IBOUS

SECURITIES,G. BCCEIKOBAV, JB. EDWAED B. UKDEaniLL.

BuckinghamSc Underhill(Members New York Stock Exchange.)

BROKERS IN

STOCKS, BONDS, BOLD,AND OTHER SECURITIES,

No. 16 W^all Street, New York.

Adolph Bcissevain & Co.BANKERS

AND

coi*i:n issiON i»i erch.ants,AMSTERDAM, HOLLAND

Buy and Sell on Coinml?8'on An'.erlcan SecuritiesIn liollaiid and oti.er Continental Markets.Mak; Coll ctlons thro'jghout the Continent ol

Europe.Make Payments on Letters of Credit to Travelers

and transact a general American Banking Buslrese.Refer by special permission to Messrs. Blake

Brothers & Co., Boston and New "S ork, and to Messrs8. & W. Welsh, PhUadelphla.

Page 3: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

May 10, 187f.] IHE CHRONlCIiE Ui

Boston Baatters.

lichardson, Hill & Co.,No. 1 EiimoN'g BuiLDiNo, 40 ^ateb St.,

BOSTOIV.niilnea.* Paper bought and sold,

Depoalts received, Collrclloua made,Adrancn* ou Collaterals,

luveslmeut Sciurltlea.

)rilen for all Flnt-Clast Becurltlea execatea oniinmlBolon.

Parker & Stackpole,AN&KRB, 78 OKVON8HIRK BTRKBT

BOSTON,

Bnjr and Sell ^Veatern Gltr andlonnty Bonds.

3rewster, Basset & Co.,

I

BANKERS.Re. 35 CONGBESS 8TRBBT,

Bostooi fflTaaa.

DMian In Btocki, Bonds, Gold &nd Commercial

iper.

Orders execnted on Commission at Broken Board

actions, and Private Sale.

InvestmeDt Securities constantlvnn hnoi?.

Cidder, Peabody & Co.,

BOSTON, RIASS.

lOVxamoiaL ahd Cibottlab Ijittbbs or Cbbdit

ISUBD ATAILaBLB IB AZJ, PABTB Or THB WOBLD.

BZOHADSB

)X LOBDOS, Pabis, ABD OTHBB Ck>ifmiBaTAi.

CiTtBS or BtTBOPB.

New York Olllce, 33 Wall Street.

Fhila. &, Baltimore Baokers.

Cassatt & Co.,iankers A: members ofStock Excbange

No. 13 SOUTH THIRD STREET,

PHILADELPHIA.Transact a General Banking Business. Buy and selCocks, &c.. strictly on Commission only. Ordersilt.bfully executed.

J. Bell Austin,STOCK BROKER,

<o. 319 XV A I.y Vr STREET,Philadelphia.

Orders In Stocks and Bonds promptly executed atQe Philadelphia and New York Bonrds,

Wilson, Colston & Co.,BANKEKS AND BUOKER9,

BALTIICOBE.ISVE8TMBNT and VIRGINIA BECCRITIKS a

.ipeclalty.

Correspondence lollclted and Information farQlslied.

N. \ . COBKSspoyDBirrfl—McRlm Brothers A Co.

Sout.hern Bankers.

THE CITY BANK OF HOUSTON,Capital, $500,000,

H OUSTO N Texas.We give special attention to collections on all acces-

sible ifotnts.DiRECTOKs.—Benjamin A. Botts, Prea't ; W. .1. Ilut-

ichlns, Win. M. Klce, A. J. Burke. C. C. Baldwin, W. B.Uottn, C. S. Longcopc. BKNJ. A. BOI TS, Pres't.B. F. WEE-MS, Cashier.

Adams & Leonard,

BANKERS

DALLAS, TEXAS.

New York Correspondent Kountze Broc.

B. B. BcBBUBS, Prex't. A. K. Wai.keb, Caehlet.

[First National Bank,WlLniNUT'UN, N. C.

CoUectlonB made on all parte of the United States

Sonthem Bankers.

Sab'l H. Kbhmbdt,Pr« Ident.

Cbas. Ik C. DnroT.Cashier.

Capital, $850,000. Limit, » 1,000,000.

State National BankOF NEW ORLEANS.

CFOBMBRLT lOVlSIAHA 8TATB BaXE.)

Transacts a General Banking Daslness. CoIlectlOLSmsde free of charge.

Especial attention d' en to Collections, and PromptKemlttaoces mad*. Exchange purchased on all points

tbe United States and Caai.(li.

Sterling and francs bought and sold.

COBBESPONDKNTB.LoBD'N—London Joint Stock Bank.Pabis—Messrs. A. & M. Heine.Naw YoHK-The Uankof New York, N. B A.San Fsancisoo— Ihe Bank of California, and The

Nevada Bank of San Francisco.

TUOS. r. HILLBB, B. D. WILUAiai, J.10. W. BILLBB

Thos. P. Miller & Co.,BANKBnS,

MOBII<E, AI«ABAiai.Special attention paid to collectlonii. with prompt

reinlttauceH ai curreui rates o( excbanice on daj ofpaynifiit.t:i>iTe)«pondeit8. — Gennan American Bank, New

fork ; Louialaiia National Bank, New Orleans; Baukof Liverpool. Liverpool.

James Hunter,BROKER,

Dealer In Coin, Southern Securities and ExchaageLoans Negotiated. Advances made on BecnrlUei

ilaced In my handa for tale at enrrent rates.

Address,

8aT«anah, Georcla.(P. O. Box 81.)

Refers to Henry Tslmadge A Co., New York; Bonth-

rn Bank, Savannah. Ga.

Western Bankers.

Anglo-Californian Bank(LIMITED),

LONDON, Ilead Office, 3 Angel Conrt.

SAN FRANCISCO Office, 432 California St.

NEW YORK Agents, J.&Vf. Seiiitmon & Co.

$8,000,000.l,55 0,OUO.

Authorized Capital, •

Paid-up and Heserve,

Transact a general Banking business. Jssne Com*merclal Credits and Bills of Exchange, available In all

pa- ts of the worM. crprectinos and orders for BondsStocks, etc.. executed uoon the most favorable terms

FKED'K F. LOW( M»na«eralONATZ STKISHART, !""'*«"••

P. N. LLIENTHAL Cashier.

F. J. Bbbbt, President. S. G. Collins, Cashier.

The Exchange BankOF DENVER, COLOKADO.

Capital Ihtock, ..... $3;0,000.

Special attention given to Collections, and to the

investing of money on hrs'.-clasj real es.ate security

for noti*resldents.

COnRESPON DENTB.Tradesmen s National Bank, and Gllman, Son ft Co.

New York ; Wells. Fargo & Co.'s Bank, San * ranclfco

BANKEUS AND BROKERS,

ST. Locis, mo.

DEFAULTED MTSSOUP.I COUNTY, CITY ANDTOWNSHIP BONDS M.\DE A SPECIALTY.

ALSO,

RAILP.OAD BOVOS, STOCKS, MISCELLANEOUSAND LOCAL EECURIflKB, ETC.

Our long experience In above class of Secnrltles

enables us to be prepirel to make ca^h bids by wlie

to p.irtlcs giving rull description.

Love & Co.,BANKEUS AND BROKERS,

ST. LO< IS, mo.Cash adTwced on Stocks and Bonds left for Sale.

Western Baakers.

Smith 8c Hannaman,INVESTMENT BROKBBS,

INDIANA POLI8. IWDUNA.

T. K. Skinker,ATTORNKY-AT LAW,

417 Olive Street, ST. LOUIS, Ho}S~ Special sttention (riven to the collectioa o

MUNICIPAL BONDS.References—.!. K. Llaubtrger. 1 r,..'t Third National

Rank, St. Lout.; Will. h. Wsler., Prcs t >cc<lid Nat.Bauk.kt. Louis; Kdward P. Curtis, lash er Nat. HsbKof the state oi Mo., m. Louis; Wui. H. Ihomaoa,C shier Uo.tnirn's Saving Bank, i>l. LoDla.

Cbas. P. Pbhzbl, Wii. k'iBTBii, cbbbd T. WalbbbPresldaut. Vioe-PreaidenU Cahler.

German Savings Bank,LI1TLE BOCK. ARK.

CASH CAPITAL »»/».Transact!! a general lisnlrlng tiu^lness, and tnalc*^ eel-

lectluns on allpulnts in the South and bO!ithweatB(reasonable rates. Arconnts of Banks, Bankera, Her.chants and others solicited.BoABO or DiKBOToBB.—C. F. Pensel, Wm. Ktrten,

JudgeU M.I{ase,Jno. E.Ui-y«r,0. >v. Johnson. U«*.Relchardt. J . K. Brodle, A. schader. Jno. O. Fletchar.

N. Y. CoaBSBroBDBNTB, Donnell. Lawaon * Co.

A Sol id Twelve Per Cent^blla bond! and stocks are the footballs of broken

the Rulld liliDuU anrt MUsouri 1 KN I'KK C NTB(senl-annually at tne Atnerlcun ExchanKe NstloaalBank. New ^orK)an<] our choice Kaiican IWKLVKFEU CKK IS liav« never fatted. Nothing: bat an earth-quake can linpHlr their absotuie Hecurtt;/; nud as. i

proiiiptnesB.ask our Nfw Vurk Ba. If. our p«per-ialwaj/satpar \niievr York, b-^cau^c alicas/i paiditnMtturilt/. il'ive loai'.ed nillliotiB, and ii<>t a dttUar tiac

•ver been lost.— I* or detallH atldrei-B ALTUAKt of tbcCentral lltlnots Loan Agency. Jacksonville. IlUaoU•. O. Box «57.

FiaanciaL

c*^(9j ]̂)IjISSAUSt. co/f.m£sr*

Capital,* 1.000.000.;»llowB intcre«t on dcpo-'U», reiurnabie on demand,

or at spec tied dates ts Mithunzed to act as KxecolortA". mlnlstritor. Guardian, Itecciver, or Tus'ee. Like-wise, ts A le^ai depusiiory for moii*'y pauI lf<tt> Court,or by lirder of any ^urr< gae. lnii-\Mual». Firms anai-'c letlen seeding income irom money In abeyance. Ofat rest, will flau s;'fety abd adranifgelu tnfslnsiilu-tion.

HESRY F. SPAULDING, President.BKNJ. B. ^HERMAN. ( ViceFKEOEIICK H. COSSITT, ( iTesidenti.C. H, P. BAUCOCK. Secretary.

EXECUTIVE COMMinhE:Jacob D. Vertnliye, An. us K. Eno,BenJ. B. ahrfrman. Fredertcn H. Cotslt^SaniM U. Bibcock, Isaac N. Phelns.Martin Bates. Edniuad W. Corlles.

BOARD OF TRUSTEES.Samuel D. babcucK,Jonathan I tiorue,Isaac N. rh'^lrs,Josi-h M.Fli'ke,Cliarlei> U. 1 audon,Kdniurd vV.Corlies,Frederick M.Coi»8Ht,^Niliam U. Apt>Utoo,Gu IHV Sthwiib.l>HVid D"WS,ft] art u Bates,Wilitam Allen Bdtler.James P. Wallace,

B"i jim u B t<bermaB,Georice v> . Lai>e.Jacob I) Vermilye.Goo. i^'a^culluch Miller.Kosweli SLicol.

A. A. Low,Adrian l»elin,Ames K. I no,Ciiarles G. Kr^ncklyn,\\\\<\ niH Webb.J. Pierituht Morgan,Percy It. yne»Charle:) Abtiriiethjr,

Henry F. Spau<dlug.

THE NEW JERSEY & NEW YORK Bit.(Consnliditl n of the Erie I'ai road brVicb to

llrtcketisack, and conilnuo>>s ioadf.>

$200^000 of the First Morfeaffe 7 per centgold bonds baTing been ueuf>ttatea in Europe lately.

Duly the rtmainiiij; portion of ^I80.tM>0 of thebond? are < flcrt d, ut an advance in the price to 95and interes=t.

Ihe boude willbc re-purcha9e(I at eame price atany time within one 3'eHr, and con'ract^iven ttitbat

eflecr, ibeci mpanyiiiRiiitnini £ ftnids in 1ru9t for

tiiat purpose with HOLI.INS liHOS. & CO.,Cor. Wui: &, Broad (-Ip., New York.

MEN AND IDIOMS OF WALL STREETIs a new 71 page book Rlrloff Ibe hUhcsl and !"»««•prices ul storks for 15 years, comp.eti Hat of defaulted

iHllr. a4s. Blaek Krldyy. sketches .1 I(»m g oiera-

lotv. and the nielH.a of deailuR ou om»ll mint, or

money. C( pie* Bi-nt free lo an\ aidrew. Oroern for

stocks and to k privilege* expcuieu by mail and lel©-

Kraph.coi fctions made, moccy luveated, and inlor

maiion k cd by

JOHN lliCKLI.N<« & CO.,

Bankers And Broker',!^ LliuADWAY, ^ . T,

Wall Street Caricatures.A ren- hook. 48 i a;es, cortslnlug 11 tngraved lUo,-

"^''i\'k')iTmati"N fop. stock SIECCLATORS.Price lOi:., cloth covir* ; p per covers free.

XDinilHIUfiK A «•«»., _ _nankcrs and Brokers. 2 Wa.l St.. H. r.

Page 4: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

»' THE CHRONICLE [May 20, 1876.

Fisanoial

National Bank of the State of New York

CAPITAL, $800,000.

On and after THURSDAY, the Uth day of May,

Instant, tbU Bank will b« prepared to Issue to Its

Bbareholders New Certificates of Stock, In exchange

for and on the surrender of the Old, on the basis of

lt« Bednced CaplUl, as determined by a TOte of the

stockholders, and authorized by the Comptroller of

the Currency.

By the order of the Board,

GEO. R. A. BICKETTS, Cashier.

fill

Chicago & Northwestern Railway )

Company, April *1, 1876. J

TBTE ANNI7AL MEETING OF THEStockholders and Bondholders of this Company^

lor the election of Directors, pursuant to law, and for

the transaction of other business, will be held at the

office of the Company, In Chicago, on THURSDAY,tbo 1st of June next, at 1 P. M.Bondholders will authenticate their right to vote by

presenting their voting bonds at the Office of the Com-lany, No. 52 Wall Street, for registration, on or before^e 1st of May proximo.

ALBERT KEEP, President.M. L. Sykes, Jr., Secretary.

ENNSYLVANIA RAILROAD COM-PANY.—Treasurer's Department.—Philadelphia,

May 8, 1876.

Tne Board of Directors have this day declared aquarterly dividend of Two Per Cent on the capitalstock of the Company, clear of all taxes, payable onand after May 29, to stockholders, as registered on thebooks, three P. M., April 29.

BAYARD BUTLER, Treasurer.

IKTEST]TIE.\T BOKOS.NewBrunswlck, N. J., "per cent Bonds, due 1896.

Elizabeth, N. J., 7 per cent Bonds, due 1895.

Cincinnati 7 and 7.30 Bonds.St. Louis 6 per cent Gold Bonds.Cleveland 6 and 7 per cent Bonds.Town Bonds of State of New York.State of Illinois 10 per et. Registered County Bonds.State of Ohio 8 per cent County and Town Bonds.

FOB .SALE BYlyM. R. ITTLEY, lO Tl^all St., N. Y.

_G. Amsiiic'k &c Co.,^ 150 Pearl Street, New York,

AQENTS FOB THE

liONDON ANO HAKSEATIC BANK,fLiMiTEnK—1-ON nriM.

O. T. Bonner & €o.,SAXKESS AXD BROKERS,

No. 20 Broad Street, Kew York.

Stocks, Bonfls, and Government Securities boupntand sold on commission at the New Yors stock Ex-change.Dealers In all descriptions of Botds and Investmenl

Securities.Thecorresponlence of Bankers and Brokers throngh-

onttbe country Eoliclted.

Funding of Southern State Bonds.We are prepared to fund Bonds of the following

Southern Stxtes, In accordance with iheir severalFunding Acts, upon the m-jst reasonable termspossible:

ALABAMA, LOUISIANA, SOVIH CAR0L12fA,TSUXESSEB, VIRGIXIA.

WANTED.Louisiana New Consolidated Bonds.Alabama c id Bonds.New Orleans Jackson & Gt. N. R.R, ii Mort.Bonde.^ew Orleans Mobile & Chat. K. R. :st Mort. Bonds.

FOR SALiE.Vlrelnla New Consol. Bonds.South Carolina New Consol. Bonds.Keokuk & Des Moines R.K. Preferred Stock.Central New Jersey Land Improvement Co.'a Stock.

O. T. BONNER &. CO.,

20 Broad Street, Neiwr York.

CHARLES OTIS,47 EXCHANGE PLACE,

City Railroad

and Gas Stocks,Specialty for 19 Years.

Bee qnotatlons of " Local Securities' In this paper

CAR WORKS FOR SAI,E.The works of the Ohio Falls Car and Locomotive

Com|)any will be sold, at public auction, at the Court-

j!,'?'!f»T!'iH''(,VV'^',""''"i'.''M''''••'* County, Indiana,

2 l.,H;J1".. ^•,'',"".'^,"'' "*^"' 'Jetween the hours of io'clock A. M. and 4 o'clock P. M. These are the lai-gestand most complete car works In tiie country : arelocated adjacent to Jellersonville, Ind., and are wellJ?j'j','"r '," 9"""' liranches of manufacture. For

fei'S^^Sia^i^^diafa!'-"^^'^'^^'^' '« T'--'^

Financial

REAL ESTATEMORTGAGE BONDS

GUARANTEED BY THE

Equitable Trust Co.,^1^000,000 CAPITAL.

THESE REAL ESTATE MORTGAGE BONDS ARKCOMMENDED TO THE ATTENTION OF

THE MOSTCOMSERTATIVC Il<«fVESTORS.tirst—Th&g hare the iBdlvidual liability of the

maker.jS«cond—Each bond Is secured by a flret mortgage of

real tstate of not less tlian double Ub value.Third—1\\e prompt psyinent of both principal and

Interest of every bond Is guaranteed by this Company.The Company guaranteeing tneee Bonds receives no

deposits, owes no money, and Incurs uo obligations ofany character except those arleing from such guarantythereby keeping its whole capital of One MillionDollars unimpaired. TO MEET AT ALL TIMES theprompt payment of both principal and Interest ofthese Bonds.All mortgages securing tlie Bonds are formally ap

proved by the followiiig Kxecullve Board :

ROBERT L. KENNKDV, ADRIAN ISELIN,SAMUEL WiLLETS, JAMES A. KJnSEVELT,WM. REMSEN. EUGENE KELLY,CHAS. BUTLER, JOHN D. MAXWKLL,HENRY P. >1AVEN, GUSTAV H. KISSBLL.1 hese Securities bear Seven Per Cent Interest pay-

able semi annually, and ore ollered for sale at onehundred and two and interest at the otlice of theEquitable Trast Company, N08. 52 & 54 ^Vllllam street.

JONATHAN EDWARDS. President.

THE ^E.\\ Ei\4j<L.A]\'D

Mortgage Security Co.OFTERS FOR SALE, AT PAR,

SETEN PER CENT XEN-YEAR BONDSSECURED BY

FIRST inORTCAGES OfllTIPRUVEBii£Ai. bviaxe:.

GUARANTEED. PRINCIPAL AND INTEREST,

BY ITS

CAPITAL. STOCK OF $500,000.Interest Coupons payable Femi-annu l!y. Bonds

rrgtstered to orce-, or payable lo I earer at option.Accu- d in'.ees'. is not required to be paid by pur-chaper.ihe i ext-du^ Coupon beifg ptamied so astodenote Ih it Interest begins at the d le of purchase.A P..niplilet Willi full inform«tlou will be sent onppiicallon to the Company's Office,

43 JUflk Street, Boston.The- e Bonds are commended to fhc attention of the

MOiiT CONSEttVATiVE INV-STohS, as iheya-ebelieved to ha as perfi^ct a 'ecurlty aa cm be obtained.Ttie l»Bue of Bonds la limited lo one-lialf ihe amouuiof the game class of Bonds ever Issued under a likeGuarantee.The security of e.KhBood Is not confined a to single

Mortg.ige, but extendd over &11 the Mortgages ownedby the Gompa ly. 'Ihis Company receivws no depO'^Ite,cuaratit esnooihei eecuriile', and Im^ uo other debtethan its bonds, its Mortgages aie o£ iik,e ctiaiav:Lei tothose which have been bougbt In the last twenty yearsby indlvldi'als. Life Insurance Companies and otherCorporations, to the amount of mo:e thm Fifiy Millions of loUars.prov us a most secure andsatisfactorInvestment. Ihe Loans are hli upontraprwved FarmsIn some of the most fertile Western ctate-suear theRailroads, with &liort and perfect titles, and ave:a:ieless than ^G50 each, up>u pro ertv worth n^rly fourtimes their amount. Experience has proved tbat we'l-selcL'tert Mortkages upon tins class of property areeater than those upon cify property, either in the Eastor West. They aeo' tatfected by Kires, or by Businessrevtil-lons; i^rimiiial and interest ^.re more promptlypaid; and upon the su cess of Agrl uUure dependsthat of almost every industrial lavestment.

HENRY SALTONSTALL, PresicJent.FRANCIS A. OSBORN. Treasurer.

TIOK-PBHSIDKNTe:Amos A. Lawrence, Geo, C. Richardson,James L. Little, Thomas Wlzglesworth

Geo. P. UpUam.DIEKCTOKS

:

Charles L. Flint, E. R. Mudge.Henry »«It0BS'all, John P. PuCDam.Charles L. Young, Dav^d K. Whitney,

J. B. Upham.coun'skl:

Hon. Henry W. Paine, Boston.Simeon E. Baldwin, New Haven.

Union Trust CompanyOj;' new yoRE-,

No. 73 BroadH-ay, Cor. Rector St.CAPITAL,

ONE nilLLION D01,I,AR.S,INVESTED IN U>JIT£D STATES BOKDS.

Aullioilzsilbylawto act ai f xecjtor. Admls'rator,Guardian , Kecelver or TruBtee, ami i8 a legal deposito) yfor money paid Into Court or transferred to It by anySurrogate.Intel est allowed on depotUa, which may be matic

and withdrawn at any time.N. B—Checks of Depositors on this Institution pass

through the Cle:iriug House.

EDWAKD KINO, Pre.Ident.J. I»I. mcl^E \y. First Vice-President.WOT. AVHlXEWKIOnr,

Second Vice-President.EXECUTIVS COMMITTEE.

J. M. MOI.EIN, PAMUI-L IVlLLETS.S- tt-

HyrTOS, tVjI. WHirKWDIGUT.E. B. WK>LtT, Geo. Cabot WAnn,G. G. WILLI»M3, TUKODORE KjoSEyuLT,

J. a. OGIIiVIx;, Secretary.

Financial.

City of ProvidenceFIVE PER CENT GOLD

Water Lean Bone

IDVE 1906.

Total Debt of the City, Incladlng this Loan, abtii

$8X00,000.

Aeeeseort' Valoation, oyer (120,OCO,000.

BONDS CAN BB HEGISTSRED, IP DESIRED

BLrAKE BROTHERS & CO.,

54 Wall Street.

CITY OF LOOANSPORT, IND

EIGHT PER CENT

Water Loan Bonds]

Interest January and July—Paya1)lwltU Principal In New Yorli City.

A small amount of above bonds for sale by

A. n. KIDDER Sc CO., No. 4 Wall Sf

MISSOURI COUNTY BONDS,Shelby Co., Tenn., B'ds and Coupons

STATE OF TENNESSEE COUPONS,BOUGHT BY

S. H. TOBEY & CO.,

BROKERS IN MISCELLANEOUS SECURITIES,

No. 4 Broad Street, New York.

For Sale,

115 Sliares of Houston tc Texas Cen-

tral Railroad Stock ; also all Issues Oi

Texas Bonds, ^_

FORSTER, I.UDI.OTr & CO.fHNo. 7 WALL STREET.

LONG ISLAND CITY

7 PER CENT COUPOX$1,000 AVATEK BONDS.

Interest payable March and September, at ^rarin(

National Bank of Kew York, principal re-payable froii.

1SS7 to 19 2, a strictly first-class Investment bc-curitj:

for sale in lots to suit piircliasei-s.

These bonds arc authorizetl bv legislative act, underwhich, not only the entire taxable property of tlK

city is liable for their payment, but, in addition, the

water-works are specially pledged, which are nowcompleted and in Bucccssful operation. Water bondiare the most popular and command the highest pricssof anv numicipal issue.Total dcht is about «i«50.000.

Estimated real value. ^vJO,0(X»,000, while the assessedvaluation Is onlv *6,i.tH<MiU0. Population, 20.0(10.

LONG ISLAND CITV, adjacent to New York, witll

.1 water-front of six miles on tide-water, Is a continua-tion of Brooklyn, and mu&t evcntnally beconie annex-fd to that city, as was the case with tlie city ofWilliamsburgli. There Is certainly no good reasonwhy tliese bonds will not appreciate at or ncai- to tliat

of Brooklyn bonds, which are now selling at ll«j,

whicli same security within the past two years sold ac

Ear. being about the same price at which we now offerOXO Ib'^LAND CITY BONUS.The security offered for the bonds of both cities

being identical, I'rt'-seut purchasers of Long Islaad(.ity bonds niu&t certainly secure an advance, thert'liygetting a premium as well as seven per cent Inteies^t

on their Investment. Bonds, as ordered, will he Bcntby express, C. O. !>.. accompanied with a cerilflcate ofthe Treasurer of Long Island City as to their correct-ness, etc.

E, B. XEAVBURX, Banker,50 Broad Street, Xciv York*

Morse, Kimball & Co.,BANKERS,

18 New Street, New York.Nemters New Tort Stoct and Gold EKliacg«.

Page 5: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

turnHUNT'S MERCHANTS' MAGAZINE.

Irepresenting the industrial and commercial interests of the united states.

VOL. 22. SATURDAY, MAY 20, 1876. NO. 669.

CONTE N T8.THE CHRONICLK.

HeiamDtion and Rank ReBcrves 431 I Lateet Monetary and CommercialWhat We Mom Want 482 I

BnglUh KewaEconomy in the Post Office De- I Commercial tnd lUscellaneonspartment 4S3

INews 487

485

THE BANKERS'Money Maticet, U. 8. Sccnrities, I

GAZETTE.Banlis, etc .. 483

Raifway StockB, Gold Market,Jynotatlono of Stocks and Bonds 4ltl

Poreitrn Exchange. New York [ Now York Local Securities 4U2City Banks, Boston Bank^, Inveftment and State, City andPhiladelphia Banks, National { Corporation Finances.. 493

THE COMMERCIAL TIMES.I' >mmerclal Epitome 197 I I>ry Goods 50?

UoUon 497 Prices Current 604BreadnuAs ... 501

|

I

^[)t ^\)xonxt[t.TflK Commercial and Financial Chronicle is is»ued onSatur-

day morning, with the latest news up to midnight of Friday.

TSBH8 or SUB8CBIFTI0H-FATABI.X IH ADVANCE.The Comhxroiai. and Finascial Chbonicxx,

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J )UN a. FLOVD, JR.

J9~ A neat file-cover is furnished at 50 cents ; postage on the same Is 17

cents. Volumes bonnd for subscribers at $1 60.5^" A comnlete set Qf the Commercial akd Financial Chronicle—July

ISbo, to date—^ia for sale at the office. Also one set of Hunt's MjsbchantsMagazine, 1839 to 1871, sixty-three volumes.

&^ The Business Department of Hie Chronicle is represented amongFinancial Interests in New Y'ork City by Mr. Fred. W. Jones.

RESL'.11PTI0.\ AND BANK RESERVES.

As will be seen from an announcement elsewhere, the

Comptroller of the Currency has called for another

report from the national banks. For several reasons,

the aggregates of this report will be looked for with

more interest than usual. We are at a critical period of

the year, and one of the periodical drains has just been

made by the country banks on the banks of the finan-

cial centres. It is always instructive to watch the

relative position of the various classes of our banks at

this season, and to compare one year with another.

Besides, there will be a special importance in the forth-

coming reports, arising out of various important move-

ments which are going on in our banking system.

These changes are due to a number of conflicting causes.

One of these is, of course, the depression of trade^

which is lessening the business of the national banks

throughout the country, and is likely, if it continues, to

operate much more conspicuously hereafter. Other

changes are being developed in our financial system bythe recent bank legislation; and others, again, by the

approach of specie payments. If we compare the pre-

vious reports of the Comptroller together, we shall 8«e

how these various causes have produced, since the panio

of 1873, their distiijctive results. In the last report of

that officer, there are, on pages 82 to 91, a series of sta-

tistics, from which we compile the following table,

showing the movements of the 48 national banks in

this city:HOTXHENTS IN THE RATIONAL BANKS OP I««W TOBS,

Dec. Sl,';4. Mar. 1, '.i Mai/l.'.S. June iO, T5. Oct. I, T».

$ s s $ *Total deposits 199,9)3,765 202.7i)8,«0 !97,505,73-i 218,8<J,O0O 902,t63,0:<

Reserve required, S5 %. 49,933,441 50,6 3,S.'» 49,379,«4 M,59.'(,521 50,905,763

Reserve held C0,593,t)lT 57,5S7,364 S7,764.6£S T6,6J1,7;6 60,487,784

Ratio of reserye, p. c. . tOS 26-4 29 2 351 29-»

Specie 15,854,155 n,:0',715 6 (;83,326 13.6t5,I9« «,»55,«S4

Greenbacks 21,894,339 19,!rtt,248 53,379,103 2-,75«,431 17,040,091

Greenback certificates. 22,490,000 28,245,000 2S.E90,(00 8«,0;0,0;0 87,400,000

Note-redemption fnnd

inWashirgton 1,:35S,03S 1 281,401 1.212,224 1,130,149 J.OT?,"**

Although these figures are confined to the national

banks, and leave out of view the private b.-inks and tho

State banks, still such statistics give us very important

information as to the progress of our banking system,

especially in connection with the points which we intend

just now to illustrate, and which are chiefly connected

with the deposits and the reserves. The mischievous

theory has been adopted by an influential body of agi-

tators, in and out of Congress, that our national bank

regulations in regard to the cash reserves and the issues

of notes have never been sufficieutly elastic; and legisla-

tion has been devised to relax them, under the belief that

the activity of business was in this way susceptible of

being stirred up, and industrial prosperity restored. It

was in vain that the advocates of sound banking ex-

pounded the true causes of our commercial stagnation,

and the inefiiciency of the proposed remedies. Thepredominant desire was in favor at making some effoita

to modify the banking system. To carry out the newpolicy, two great changes were introduced into our bank-

ing legislation. The restriction on the emission of bank

notes was repealed, so that instead of the .iggregate being

limited to 30C millions, as formerly, the issues might be

enlarged, with scarcely any other check than is afforded

by the impossibility of emitting notes and keeping them

afloat at a profit. As to the reserves, they were formerly

held against the bank notes, as well as the deposits. But

by the new legislation the reserve against the notes was

reduced to five per cent, and was to bo deposited at

Washington. This item forms the lasi line in the fore-

going table. As the whole subject, however, is so familiar

to our readers, we need not say more about the principle

Page 6: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

482 THE CHRONICLR [May 20, I&76.

of these changes than that they were intended to carry

into practical effect the inflationist theory that whenever

an abundance of currency is poured into the channels of

the circulation, an infallible specific is always supplied

against business stagnation. It was to induce the banks

to issue more currency that the restrictions were taken

off the aggregate of their authorized notes, and that the

banks were allowed to disperse and pay out a part of

their previous reserves of greenbacks.

The question has long occupied the public attentior^,

and has frequently been discussed in our columns, howthe laws passed for the inflation of the currency and

credit system of this country, have been prevented from

producing their expected results. The inquiry is ex-

tremely practical and suggestive, but we are scarcely

beginning as yet to feel the full effects of the new legis-

lation. It would, therefore, at present, be premature to

expect that an exhaustive exposition of the conservative

checks and safeguards is possibfe. What is certain is,

that the banks have not been so eager as was anticipated

to avail themselves of the liberty of increasing in-

definitely their note issues, or of weakening themselves

by letting their cash reserves run down to a very low

level. These facts are abundantly evident, and they are

confirmed by the tabular statistics above given in regard

to our New York national banks. "We compile below a

similar table for the banks of the fourteen reserve cen-

tres, Boston, Albany, Philadelphia, Pittsburgh, Balti-

more, Washington, New Orleans, Louisville, Cincinnati,

Cleveland, Chicago, Detroit, Milwaukee, and St. Louis.

1I0TUKNT8 IN THE KATIOHAL BANKS OT rOUBTEBM BESERTB CITIKB.

J}tc.3l,':t. M'ch l,';s. jray:,'T5 ^«n«30, 'TS. Oct. i.'ii.

ITambcr of bankg ISO ns 181 ISl 186

( 9 t t iToUl deposits.. .. .'. 207,15?,OM 21»,-S1,355 3H,C5!i,198 S21,!0t,951 350,501,496

Beservoreqiii.-ed.SSsf. 51,r69,5W S3,i80,339 5?,'^U,519 ^5,3rB,^37 55,0T5,87»

Reserveheld 70,4'i7,12l 73,i4H,6!) ;i,lll,62t B,a31,f26 53,767,383

Batioof rcseive. p. c. 310 34 5 53 2 34 7 3)5Specio 3.33!,45'i 2,071,a)4 1,497.783 2.t8I,867 758,303

Greenbacks. J6,S63,85J S5,648,«49 2.?,48i,5iO 89,000,2.^8 26,54.3,8:Jg

Greenback certiBcites 10,360,000 11,110,0.10 ll,9:i5,000 10.350,000 10,.MO.C01

Due lr»in res. rve ao'ta 2e,553,8J8 30,S73,6:2 28,559,813 31,291,415 3J,322,S!2

Hole-redemption fund

inWaehiugton 3,(i87,m 3,643.1C8 3,635,378 3,602,291 8,535,9:0

The chief topics of importance in this table are the

Steady persistence with which the reserves have held

their high level. The banks of these fourteen central

cities have to keep a cash reserve of 25 per cent, and

they have actually held 33 to 34 per cent, or from 28 to

30 millions more than the legal minimum. It has been

affiimed that this accumulation of reserve is due in manycases to the dulness of trade, which prevents the banks

from lending all they desire of their idle deposits. Bethis as it may, there is no doubt that, unless in excep-

tional cases, a wholesome determination to keep amplecash reserves has been developed among our banks, andis one of the compensative benefits resulting from the

Jay Cooke panic. The conservative policy of holding

large reserves seems to be still more pronounced amonsthe country banks, as will be seen from the subjoined

table, which completes the Comptroller's statistics,

except for California.^

MOVEMENTS IN THE NATIONAL BANES OP THE INTEnlOR.

Z>«(;31,'74. MarcM.'.a. 3rai/l,'.S. JuneZO.'.i. Oc(.l,';5.

Nnmbcr of banks l,7i(7 1,801 :,815 1,813 1,831

S t ' S ^ ft

Total deposits 302,77;l,78l 306,181,8^8 306,167,6r.6 .312,602.C95 307,9^0,794

Kcscrve required, 15 ^ 45,437,012 46.0IP,!07 46,020,1)96 46.99B,0i.9 4-,.101.791

Reserve held 101,?9i,;65 106,S8i.053 100,691,135 105,134, 5.W 10D.ia.%90r

Ratio of reserve, p. c. . . 34-2 SI'S 32 9 33b 82 5Specie 1,912,3.-3 1,652.694 1,511, <S3 l,80ii.C38 1,535,034

Greenbacks 3t,952,nsl 33,193,033 31,414,616 S2,6I0,2il 32,783,502

Greenback ctf. of dc-p. 920,000 845,000 79i),000 89l',000 900,000

Due from reserve ogts 53,935,013 5D.02),6a3 52,03:,03D £8,139,618 63,32i,152

Note-redemption fundla Wasliington 11,83J,703 11,813,653 11,913,977 11,014,671 11,668,219

. Among the general conclusions to which these statistics

obviously lead, one of the most apparent is,that the national

banks are vigorously at work to strengthen themselves,

with a view to the severe pressure which may attend the

preliminary stages leading to resumption, and that, as

there are undoubtedly not a few exceptions to this

general rule, the Comptroller at Washington should use

special vigilance in his investigations, by means of inspec-

tion and examination, to bring to light sucH weakness or

abuses as mav anywhere prevail.

WHAT WE MOSr WANT.

The past week has seen two political gatherings of

much significance. One of them was in this city. Thepersons attending it were in no sense politicians, but

they certainly represent the sentiment of the large body

of the thinking men in this section of the country at

least. We fancy that those who direct parties, little

appreciate the depth, earnestness, and extent of this

movement. They may heed it and be guided by it; but

if they do not, they will feel it in the end. There is

certainly a widespread determination among the better

class of our people to-day, to be called by no party

name,' and to follow no one's dictation. They see the

fearful plight we are in, and their influence will be

thrown in such a way as best to relieve it. We must

have reform in our civil service; we must be fr*ie from

the corruption in which We are steeped ; we must, as

speedily'as possible, return to a specie standard ; and any

man whose surroundings and life speak a doubtful word

on these points, will, we think, find that party machinery

has lost its eificiency. For these reasons, we look upon

the meeting in this city as one of great importance

greater even than the honored names of those attending

it would usually indicate.

But we have had another gathering during the week,

representative of the very opposite elements. Cincinnati

has made itself celebrated by a party assembly which

has declared itself opposed to these very measures. Tobe sure, they talk about reform, but such words no

longer deceive. If these people could be put into a

place by themselves, where their policy would not harmany one else, we could bestow upon them no greater

evil than a full compliance with their expressed wish.

What is it the West needs now more than any other

thing? Certainly it is capital. And yet, these menspeak of repudiation as flippantly as if it were the

merest trifle; they propose to float us in another sea of

greenbacks, and to wipe out our banking system with

one flourish of the pen. It would certainly seem that

the free-school system must be very defective in that

State.

It is satisfactory to know, however, that but little

importance need be attached to the insane utterances of

these men. There is not the least danger that either of

our political parties will adojit any such programme, and

if it did, the 'intelligence of the country would be a

unit against it. No mau who thinks, can he,sitate a

moment where to stand, even if self-interest were the

only influence affecting his judgment. We are a bor-

rowing nation. We have energy and enterprise andresourcifs undeveloped without limit. All we need

is capital. And Europe has it for us. Very manyof the old channels for investment have been shut up

within a year or two—Turkey, Egypt, Spain, South

America; in fact, nearly all countries where much capi-

tal is needed, excepting the United States, have fallen

into disrepute, but our securities have been constantly

Page 7: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

May 20, 1876] THE CHRONICLE 483

growing in favor. Here, then, is the wealth of Europe

on the point, as it were, of throwing itself into our

ndustries. Still there is a hesitancy, a natural one, be-

fore the movement becomes general and 'ree. When weshow that we are true to ourselves, this will be over-

come. The necessary requisite for inspiring confidence

among capitalists, is the righting of our monetary sys

jtem. If we prove that we dare to do that now, even

Ithough it be through suflfcring, our credit will be estab-

lished. Will not the West and South, who are to-day

calling loudly for capital, heed this ? Where, on the

Iface of the earth, can be found richer lands and more

jiromising surroundings than both of those sections

present ? But the power to develop them is wanting.

Let us only show that we dare to be honest, and that

power will quickly come.

ECONOMY IN THE POST-OFFICE DEPiRTME\T.

The Post-Office Appropriation bill has been under

discussion in the House, for the two weeks past, and the

facts thus developed are very instructive. As we have

often stated, decreased government expenses is the de-

mand the public makes, and the figures for 1860 and

1875 are constantly, and, by many, thoughtlessly, paraded

to show that it must and can be accomplished. We say

thoughtlessly paraded, because it is becoming more and

more evident, as the investigation goes on, that there can

j

be very little material reduction in expenses, unless someportion of the public which is making this demand, is will-

ing to give up something. A comparison of the totals

now and in the ante-war period prove nothing, if westop with those totals. They are a good starting point

a guide-board indicating simply which way to look.

i?ut we must go underneath them, and study their

growth, if we would determine what our hopes and ex-

I

pectations in the way of economy may be. With this

' purpose, a brief examination of some of these figures

now made public will be of decided service.

The total outgoes of the department we have often

published, showing a gradual increase from 12 millions

in 1860 to 33 millions in 1875; but we begin to obtain

ail inside view of the causes producing this result, bystudying the following detailed statement, which wefind in the speech of Mr. Cannon, of Illinois:

-.NCBIASB OB DECREASE !» TH-t MAIL 8BBVI0B BETWEEN 1830, 1870 AND 1875.

Percentage of

jlff^• ^'''^f ending June SO , incr'ne or decr'ee.

if«r. i3;o. 185. i8;o--5. iseo-ra.

Ordinary postal revennee. $8,518,007 $19,712,883 $86,671,S19 8489 11311

[

Total eipenditiires 19,1';0,609 83,99?,837 83,611,309 40C5 75-32

I Grante paid out of the

general TreASury 11,154,167 4,022,140 6,704,646 6663 t39-69Aggregate length of mail-

routes in miles 810,531 231.232 JTT.Srj I9-8D i;-49

Aggregate miles of annual

transportation 74,781,776 97,024,996 133,822,516 87 9J 7908Aggregate cost of malltransportation* $9,838,780 $13,356,851 $18,777,201 40-58 90-26

Length of railroad routes

In miles 27,1-29 43,727 70,083 6027 158-33

Aggregate miles of annnal

transportation on rall-

roadroutes 27,653,749 47,551,970 15,154,910 58C4 i;i-;7

Aggregate cost of railroad

service $3,349,662 $5,1-28,901 $9,216,518 7969 17514Cost per mile of railroad

"ervice 12.11 cents. 10.78 cents. 12.-26 cents. 1373 1-84

! 1 4th of Btearab't routes,

! miles 14,978 20,695 15.rS8 t-2J-71 5 42.'.^^rcg&Us miles of annual

transportation on steam-

boat routes 3,951,238 4,122,385 3,958,653 t3 93 -19

Aggregate cost of steam-boat service $1,073,852 $706,154 $684,139 n-12 t36 20

Cost per mile of steam-boat service 20-7 cents. 1718 cents. 17 28 cents. -OS tlO 52

• • Inclndcs compensation of r.iilway post-office clerks, route-agents, localagent", mail-route messengers, mill messengers, and baggage-masters.

t Decrease.

llfmf.— Tear enmng Junt SO.-

166,810

IBM. vm.Length of other ronles, In

miles 196,489Aggregate miles of annual

tronn|>ortstlon on other'-<"e« 43,119,759

Aggregate cost of otherfootes $4,385,196

Cost per mile on otherfootes 101-«cenU UlScenU,

Aggregate length of rail-

way post-office lines, Inmiles

Number of railway post-

offlce clerks

Compensation of railway

pott-office clerka

Number of route agents.. 474Compensation of routeagents $372,241

Number or mail-route mes-sengers 7g

Compensation of mall-

route messengers • $45,710Number of post offices in

operation. 28,498 28,401

Compensation to postmas-

ters t8,::i2,Sj8 $4,67J,486

Number of clerks in Post-

Office Department 87 228

Ptmnusgeof. yur'fe or dt«r*M,

li:»-;9. MO-m.

192,008 1810 t»-n

43,^60,641 M70S,4M 90 61 M-gT

$6,019,593 $^,452,721 7-«S S4 M%-V\ cent*. tlO-40 -tl'flS

8,2SS

875

$142,60}

687

14,932 106 26

901 140-26

$1,122,610

1B7

153-64

U14 106 2t

$574,60) -$»I1,S03 64 2S IM-M

225 163-46

$147,470

85,647

$7,''49,5«

222-63

24-76 94-78

60-85 mie

277 2149 218-ia

t Decrease.

The comparison .here given with 1860 is inaccurate, orat least misleading, in the second and third items, "Totalexpenditures" and "Grants paid out of the GeneralTreasury." By turning to the reports of that time, it

will be found that the actual expendittires were really

only about 12 millions (instead of over 19 millions,

as given), and the government grant for 1860 was(instead of over 11 millions) only between three

and four millions. A standing deficiency, however,of previous years, reaching $7,785,608 at the close

of 1850, was provided for in 1860, and is now in-

cluded in the totals above. Proper allowance shouldhave been made in the table for this obvious fact, butwe forgive the inaccuracy in consideration of the details

furnished. We suppose the department or the Congress-

man who used the table could not resist the temptation

of giving this deficiency in this form, desiring to makethe total increase to 1875, as compared with 1860, appearless unfavorable. Still, this error does not enter into oraffect the other items. But to show more clearly the late

progress made in some of these expenditures since the

war ended and the postal system was re-established

throughout the South, we give the following further

statement

:

lUnu.

ITEHS OF THE F08TAI. SERTICB rOR TUB TXASS 1868, 1S7S, 1874^ AND 1875.

Ptr-:

• fear ending JuneBa. , cenl'ge1863. 1873. 1874. 1875. ofinc.'

Ordinary posUl revenues. . $16,29-2,600 $22,996,741 $24,596,568 $26,671,218 63Total cxpendiiures 22,73J,593 29,0J4,M5 32,1-28,414 33,611,809 47Grants paid out of general

Treasury 6,696,525 5,990,476 6,922,433 6,704,646 17Aggregate length of mail

routes (inland) in miles.. 216,9-28 256,210 269,097 277,873 18Aggregate miles of annual

transportation 61,224,325 119,939,650 128,627,476 133,822,216 58Aggregate cost of mail

transportation $12,647,9 ID $16,833,632 $18,707,483 $16,7n,»l 48Length of railioad-rontes

in miles 36,018 68,457 67,734 70,033 9tAggregate miles of annnal

transportation on railr'd-

routes 84,883,178 65,621,415 78,460,513 73,154,910 115

Aggregate cost of railroad

service $4,177,126 $7,237,196 $9,113,190 $9,216,518 12oAggregate length of rail-

way post-office lines in

miles

Fines and deductions for

mail failures and other

irregularities

Expenditures for mail-

bags, locks and keys,

and stamps

• For seven years.

7,019 14,866 16,414

$45,814 $66,';00 $63,625

127,051 208,604 S62,858

16,<I32

$90,777

218,953

141

117

Page 8: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

484 THE CHRONICLR [&!ay LO, 1876

JtUrm.-Year ending June cO -

18 r3. 1371,

Per-

.cenVge

(If inc.

*

752 850 901

$941,000 $1,053,49] $1,132,640

239 270 srr

8,775 3,C7J 3,401

3,437,533 4,53',a47 5,702,'.73

3>

65

58

50

34

83

lis

113

339

3D9

19 25

in

ESS

3£0

343

87

2,195

1883. an. 13 ;i, i3;j

Nomber of peet-offlcea In

operation 96,431 33,244 34,994 35,547

Compensation to poet-

minters. $4,253,810 $5,725,<63 $5,818,472 $7,''49,935

2Jumbpr of clerka in post-

offices 2,321 4,033 4,238 4,4«T

Compensation to clerks in

post-offlccs $2,rr0,09) $2,97S,614 $8,337,9«1 $3,414,811

Number of special agents. 49 63 76 6J

Compensation to special

agents $121,035 $155,033 $163,478 $180,923

Ifomber of mall-route

agents and messengers.. 613 1,143 1,^71 1,337

Compensation to mail-

route agents and messen-gers $53?,675 $1,117,876 $1,127,930 $1,187,851

number of railway postal

clerks 232

Compensation to railway

postal clerks $*7<,3)3

Number of clerks iu Post

Office Department 232

I^liU money-order spsem-Number of money-order

offices 1,223

Kambcr of money-ordersIssued 831,937

As:gregate value of money-orders issued $16,197,858 $59,379,723 $76,690,097 t79,3"5,826

Amount of fees and com-missions on money-or-ders 121,487 409,147 528,012 552,131

Number of money-orderspaid 836,940 3,337,876 4,4-;3,506 4,935,497 496

Aggregate value of money-orders paid $16,118,537 $57,812,573 $71,636,2J0 $78,314,042 385

Profit derived from money-order business 54,158 91,951 1:6,585 110,633 159

Free delivers/ in cities—

Number of cities in whichestablished 48 5J 37

Number of letter-carriers

employed 1,1S8 1,4»9 2,0)9Amount paid letter-carriers,

Including expenses $993,934 $1,423,495 $1,802,696 $1,880,041 88Number of mall letters de-

^yered 63,340,486 140,938,887 166,020,370 179,083,468 177Number of local letters de-

l'««<i 14,081,906 38,340019 45.179.295 48,839,237 246Numberof letters collected 63,164,625 137,065,699 177,898,474 187,960,641 107Amount of postage on local

.matter $47r.,982 $1,112 251 $1,611,481 $1,917,559 809

Newspapers delivered..... 16,910,715 43,390,665 56,468,68J 68,18l,#76 801

In 2 yrs.Newspapers collected 15,5C0,373 21,562,436 27,330,4')7 75

In 1 yr.Mail postal cards delivered 11,030,809 18,313,1565 68Local postal cards delivered 8,958,1C6 1(;,028,21J 78Postal cards collected 16,29?,385 28,203,488 73

* For seren years.

Now, at first sight it would certainly appear to be theeasiest possible undertaking to cutoff or make deductionsfrom innumerable items in these schedules. For instance,

in 1874 the aggregate of mail routes in the United States•was 269,097 miles, and in 1875 was 277,873 miles, an in-

crease, say, of a little less than 9,000 miles, and yet thecompensation to postmasters increased twelve hundredthousand dollars; again, the length of railroad routes in

1873 was 63,457 miles, and in 1875 was 70,083 miles, anincrease of only about 7,000 miles, aud yet the cost ofrailroad service increased from $7,257,196 to $9,216,518;again, since 1873 the mail routes have had 21,000 milesadded to them, and yet the business of the country hasfallen off ererywhere, presenting no increa.sed need forpost-offices—thus- unnecessarily expanding the Govern-ment service, while each individual has been compelled toretrench and exercise the strictest economy; again, thefree-delivery cities in 1873 were 1,499, and in 1S75 hadbeen increased to 2,195, or an addition of 690 cities in

the two years, and all of them, according to the Post-master-General's report, at very considerable expense tothe department over and above the receipts for postage.These would all seem to be points for the pruning-knife,and also very many other items in the above statements,

81

which the reader will readily detect as strangely ioc

sistent with one another and with the present requi

ment for economy. But it seems that none of them (

be touched, without, as it is called, "cripplingi

Government."

Let us, by way of illustration, examine one sin

point, for we have space for no more. Take the fr

delivery cities. Aud here we should remember that t

special service is really for the. benefit of a very f

localities, and that only three citie.a, New York, Best

and Philadelphia, are self- sustaining. The original pt

ciple was, that it should be established only whereseemed to be a busine.^s necessity. But latterly the li

has been changed, so that whenever a Congressman wai

to do a " big thing " for his district, he " rushes " to t

Postmaster-General, gives a free-delivery system to soi

small city, makes a host of friends, and is, of course,

elected. In this way, this branch of the service h.is bt

extended, until at present many cities are included c<

taining a population not exceeding 14,000, aud some,

understand, down as low as 12,000 persons, by the i

census.. Now, is there a question in the mind of s

man as to the folly and wrong of this proceedin

Here is a luxury—not a necessity at all, except in lai

cities—which the great body of the people are requi

to pay for, that communities may be tickled which h

elect Congressmen. And yet, when this subject is

for discussion in the House, we hear one gentlen.

charging Mr. Holman, of Indiana, because he advocat

a change of policy in this respect, with having lost 1

judgment—" pursuing a single idea until the line he I

"mounted has become a groove; the groove has work"itself into a rut, and the gentleman has fallen into

'gorge as deep as the canons of Colorado, where t

" sunlight can only reach when at its meridional heigh:

That certainly would be considered by his co

stituenta an admirable figure, if they could on

be made to see its application. But, as t

question stands to-day, every community wthink what a blessing it would have been to the counti

if the Congressman uttering this sentiment, and all 1

foUowei-s, had got down into the same cafion and ev

let it close on them forever, rather than to have defeat

this and other like measures. For it is simply one of

very large class of proposed economies—each small

itself, but all of them luxuries which have of late yea

been added mainly to increase the influence ©f Congres

men, under the idea that the Government is organized

bestow gifts upon every hungry community.

It appears useless to discuss this subject further. Tl

bill has now passed out of the House. Another yea

when our election is over, we may hope our legislate

will display more courage. But the one truth we ha^

to learn is, that until we are willing, as communities ar

as individuals, to have our Government remodeled on i

old basis and give up its maternal side the growth (

late years—until we are willing to do this, it is folly t

hold up the figures of 1860 and 1875 together, for the

have no features in common.

—A neat little volume in flexible leather covers has recentibeen issued by MeBsra. Dtimont& Morton, 160 Fultou street, I

Y., entitled " Staudard Facts and Figures." It is compiled I)

Mr. A. a. Sullivan, and embraces a collection of statistics abotas solid and comprehensive as could possibly he compressed int

110 pages of fine clear type. The figures presented are mainlfinancial, and are intended to meet the wants of bankers, brokeiand merchants, in the numerous matters relating to moue;exchange, banking, stock triusactions, &c., &c., to which thehave frequent occasion to refer for information.

Page 9: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

May 20, 1376.] TBCfi CHBONICLia. 435

itt0t iHonetarn ani> (Sommertial (SngltsI) Nttns

IkTBtOV BXOHANOB AT LONDON AIIO ON bONbON,AT IiATBST OATBI.

UCBANOB AT LONDON—MAY B.

EXCHANGE ON LONDON.

ON— ran. HATS.LATIBTDATE.

TIKE. SATE.

iietcrdim... thort. lS.r,',4n.l2.l« sburt. li.OS

iiHterdam... 8 montb*.iiwcrp

'*tt.37>i(a85:42>i ehort. 90.20

*' JO.M pO.67 ao.si)

,rl« Bhort. J5.15 Eii/a thort. ».18irlB ... 3 moEtbe. J8.35 tta,40cnna

*'!2.S2><ai2.aii< .... Smoe, 119.60

rlln!!

10..53 aso.s:50.53 $80.57

ehort. 10.40

•ankfort ao.40

.. PeterabargidU•boo

*• SOX May 2. 8 mos. 81«

W days.47>i(a.8

51V»62.... ....

Man 3 monthe. a7.*i7>ia27.TS« • ..- .... • •noa.

"47.(17 J<aS7.72>« .••

.iilea'*

«7.67«S»7 7*>< .... ....

.and"

^'•/.mih Maya. 3 mo8. 43.65wYork.... .... 60 days. 4.87H'de Janeiro April 8. 90 daye. !K®s:«

itiia

iienoB Ayrea.. ... April 1. 90 days. 44

»lparal»o .... April 1. .... 43@43Vcruambuco .

.

... April 14. »0 daya. 25i<loDteTldeo... .. . .... ....

iomba; May 4. 6 moa. U. 9J.

slcatu . .

.

Ai-rU S9. U. 8 15-16</.

long Kong... ..>. . , ...

bacghal ... .... ....

ingapore.. . •

aexandrla.... 1 Mays. Smoa. wr«

IF rom oar own correepondent-l

London. Saturday. May 6. 1876.

There has been ratiler a better d(;maad fo r nion sy daring the

past week, but no material improvemeut in the rates of discount

Indeed, although a better inquiry has existed, the rates of discount

are still as low aa they can reasonably be, the best three months'

bills being taken in the open market at If per cent. There is

i'Ull no reason to believe in any change from this condition of

affairs. Now and then a solid investment, each as an Indian loan,

nr a loan for the Metropolitan Board of Works, is introduced to

public Botice, and this ie, of coarse, quickly subscribed. Theapplications are certainly not so numerous as they used to be in

the days of "enterprise," when nearly everylrody, including

clerks, "wrote," with a view to secure a premium ,if any. Now,and undoubtedly the circumstance is a satisfactory one, the

applications are of a honajide charactfr, and, though they do not

amount to the millions sterlings which excited astonishment in

former days, they are usually twice as much as is required, andthis fact alone is sufficient to show that there is a large supply

of money seeking profitable employment. Unfortunately, these

loans, which are sound investments, are likely to be few and far

between. Prudent nations, dependencies or corporations, are

unwilling to run unnecessarily into debt, and it is obviously this

fact that enables them to borrow on easy terms. Were the Gov-

ernment of India to ask for a loan of, say, £30,000,000 in a time of

peace, there would be no termination to the argument as to the

necessity of demanding so much, and yet Turkey, Egypt and Peruhave had the boldness to ask for a similar sum, without produc-

ing much comment or excitement, while almost everyone knewthat they were borrowing to pay for the service of previous loans

at raiaons rates of interest. Financiers have, for some years past,

traded upon the undeveloped resources of these large borrowing

countries, but they were astute enough not to state that as long

as those resources were undeveloped, the available wealth wasmuch below what the popular mind imagined. We fear that the

inhabitants of Turkey, Kgypt and Pern do not possess the energyand activity calculated to develop the natural resources they

possess, and aa far as Turkey is concerned, the misgovernmentno so evident must tend to destroy nearly all hope for the imme-diate future. There is naturally, just now, a good deal of talc

about the want of " enterprise." If this means that the sad

experience of the last few years, both commercially and financi-

ally, baa induced the community to conduct their operations with

more judgment, then the change has been a desirable one, andDOW that the principal " enterprising" Srms have been weededout, the general position of affairs ought to be more satisfactory.

This should certainly be the case in commercial circles, as a fair

amount of legitimate buainess is believed to be in progress,

attended with moderate profits ; but in the financial world muchquietnets prevails, the general public having as yet by no meanssurmounted the difficulties in which they have lately been

entangled. No doubt, however, by the exercise of strict economy,the saving power of the country is again on the increase, but it is

not likely that foreign loans or public companies will prove in

future to be an attractive form of investment.

There has been a moderate demand for money darlog the wsek,

there having been a somewhat iocr«aaad loqairy in eonneetlon

with a new Indian loan. Tiie rates of discount show, boweverrno material change, being as follows :

IOp«n-mark.t rat*a

:

Per cent.I

4 muuioa' baaK OllI* VA'AliiI Smontbi' bank bllla 1HA>XI

4 and « montba- trad* bills, ivfs

rer rjntBank rate tOpel80ten-market ratea

;

andeOdiya'bUls.8 moDlha' bill*

The rates of interest allowed by the Joint stock banks and dit-

coant houses for deposits, remain as ander:

Per cent.Jolnt-atock bank* 1 a...Oiscoanthoaeef at call 1 J...DiBConut huuBca with 7 days' notice 1 AljiDiscount boases with 14 day*' notice I A1J2

Annexed is a statement showing 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 Middling

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

and the Bankers' Clearing House return, compared with the

pievioaB foor yean

:

187S.CtrCQlatioc, Inclndtng £bank poet biUa tt.SiS.MD

Pabllc aepoelta in,l61.990Other deposlta 19,4ii2.204

OoverDment secaritlea. :3,30S.SS9Other Becarltlea !!4.540,C63

Reserve of notes andcoin 9,989,152

Ootn and bullion Ie' lx>th department*. ... 30,769.03]Bank-rate 5 p. c.

Oonaols 93BngllBh wheat SSb. id.

Mid. Upland cotton .... 11 l-16d.No.40maleyarnfalr td

'

quality '••..3'i?;

ISM. 1174. lare. 1876.

£ £ £ £S8 807.200 l7,C49,0fl5 r.900,968 28.65S,S7S12.M8.)01 7.118,589 5.708.979 5.908,884Vi.Ki.V/l 20,013,507 17.308.510 3 1.1109.735

13 3W.961 18,808,274 13.588,1111 I4.54S.8W35.973,390 37,784.564 lB.»i2,6it 17.818,110

10.277,657 9.608,555 9.393,583 18,157,471

S1.M5,433 21.289,917 30.963,378 3C,877,M1

%v 4p.e.93,'.'

8^J.C. *v-Mb. lid. e2>. Id. 43«. lOd. 44a. lid.9 l-16d. 8 5-lSd. 7 15-lSd. 6!id.

1*. Id. It. i%i. Ob. llXd., ^ - . ., - U.iiii.Clearing House returElO:,3!8.000 109.391,000 119.118.000 139.839.U00 110.S77,01«

The return of the Bank of England shows chiefly a large

increase in the note circulation, amounting to £S1'3,236. This is

said to be due to the necessity which exists for a more extended

system of cash payments. There is a moderate increase in th*

stock of bullion, viz., of £118,574; but, owing to the augmented

note circulation, there is a diminution in the t'>tal reserve of

£642,556. The proportion of reserve to liabilities amounts to 47-85

per cent, against 43°66 per cent last week.

The rates of discount at the leading cities abroad are as follows:

Bank Openrate, market

per cent, per rent.ParisAmsterdamHamburgBerlinFrankfortVienna and 'Trieste..,.Madrid. Cadiz and Bar-celona

Lisbon and Oporto. .

.

St. Petersbars

Bank 0;<enrate, market.

per cent, per cent.4t

"i4

t4

2\3838

<H

68V6«

Bmssel*Turin, FlorenceRome

LeipzigOenoaGeneva...New YorkCalcutta. -. ,

Copenhajieo. .,

Conetantlnople...

and3X 2X

B468>4

iit3)<*)(

There has been scarcely any demand for gold for export, but as

there have been only moderate arrivals from abroad, the opera-

tions at the Bank have not been very important. During the

week included in the Bank return, however, £378,000 had, on

balance, been sent into the establishment. The silver market haa

been decidedly quieter, and the price of fine bars is now 53^. per

ounce. Annexed ar« the prices of bullion :

mohs.Bar Gold per os. standard.Bar Gold, fine per oz. *tandard.Bar Oold. reAnable par oa. atandard

.

Spanish Ooabloone peroa.South American Doubloons peroa.nnited Suvs Gold Coin peros.German Gold Coin peroz.

SILVB>.Bar Silver, Pine per oz. sundard . . laat price.

Bar Silver, con'ng 6 gr«. Gold., .per or. aiandard. doMexican Dollars per oz.

Spanish Dollars (Carom*) peroz,Ive Franc Pieces

QulckeilTer, £10 per bott'e.

donone here.

peroz.Discount, 3 per cent.

Tenders were received at the Bank of England, on Wednesday,

for £500,000 in aovernment bills on India, £320,000 being allotted

to CalentU, £160,000 to Bombay and £1,000 to Madras. Tender*

on all Presidencies at Is. 8id. will be entertained in fall. It will

be seen, therefore, tliat the Government are at length eompelled to

accept the market price of the day. The Hydaspes has taken oat

£371,928inBilver tothe East; but there will probably be leM

demand in future, if the Indian Oovemment continue to sell their

drafts.

The Metropolitan Board of Works announce that they are pre-

pared to receive tenders for £1,350,000 in bonds bearing 3^ per

cent interest per annum, the object of the loan being for newworaf, for the conversion of existing debt, and loans to such other

metropolitan tiodies as are authorized to borrow from the Board.

The minimum price is fixed at £99 per £100 block.

Tenders have recently been received at the Bank of England

for the new Indian 4 per cent loan of £4,000,000. The amount

Page 10: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

486 THE CHRONICLE. [May 20, 1876.

•pplied for was ntber more than £8,000,000. Tenders at £103 88.

received 73 per cent, and at £102 8a. 6d. io full.

Oo the Stock Ezcbange, baaioese lias been exceedingly quiet,

and a dull tone bas prevailed. In the foreign market the amountof busine>8 in progress ha8 been very moderate, and nearly all

classes of securities have given way in prices. The speculation

in progress is chiefly for the fall, and in this speculative cliques

are assisted by the absence of investors, and perhaps )>y the dis-

position of the public to sell, rather than purchase stock. Theclosing prices of consols and the principal American securities at

to.day's market, compared with those of last week, are subjoined:Redm. April S9. May B.

ConseU 95X® !»X SiJi® B6VUnitedSUIes ISS! UU ®II1 IIU @ni

Do 5»i» 188* IMViaiOl 103Xai04JfDo 5-10 18S5 105 ©107 1(8 lf»108

U. S. 186T,f3TI.»i«,350 Us. to Feb. 31,'69, 6 1887 109]i(^10<)<[< 109jiaia»^DofuDded, &s 1881 106 aioex 106k;alOI)3»Do 10-40, 6s 1904 107 ©101^ lOJ @107>i

Louisiana, 8» 1875 35 @ 45 .35 @ 45Do 6s 85 ©45 35 ©45

Uassacbasetts 5s 1888 101 @tlO:! loi (^:0tDo 58 1894 104 @10» lOi (^104Do 5s 1000 10.3 @10S 101 laiOSDo Ss 1889 103 @105 104 @106Do 58 1891 103 al05 104 &imDo 58 1891 lOJ ai05 101 ®106Do 55 18iS 103 ©105 104 @1(BDo Ss 1895 US @1C5 104 ©106

Yirglnia stock 5a @ @ ....Do 88» 35 @ 40 35 @ 40Do New fandej 6« 1905 60 © 61 60 © 6'3

AHBRICAM DOU.AB BONDS AND SHARES.Atlantic * Great Western let M., $1,000, 78. ..1901 24 © 26 85 © 27

Do aamort, $1.000, 78.. 190* 10 @ I'i 11 a 13Do 3d mort., $1,000 1904 4 © 5 4H® !>)iDo Istmort. Trustees' certificates.... 24 @ S6 25 ©27Do ad do d» .... 10 © 12 11 © 13Do 3d do do .. 4 © 5 4K© 5>f

AtUnticMissisripplifcOhio, Con. mort., 78.. -.1905 28 © 31 25 © 30do Committee of Bondholders' ctfs.. @ .... 2S Q 3a

Baltimore & Poiomac (Main Line) 1st mort, 6S.I911 91 ©93 91 ©93do (Tunnel) l8t raortgHge, 6s,

(guar, by Pennsylv&ni8,Sl!No.CentRallway). 1911 92 © 94 91 © 94Central of New Jersey, cons, mort., 78 1899 95X© 96X ' 95xa 96>fCentral Pacific of California, 1st mort., 6s 1896 98 ©97 9fi>/S® MXDoCalifor.&Oreaion Uiv.l8tmort.gld.bd8,63.189J 89!^© 90>f 89^4^90^Do Land grant bonds 1390 84 @ 86 84 @ 86

Detroit & Milwaukee 1st mortgage, 78 1875 35 © 45 35 © 45Do 2d mortgage, 89 1875 35 @ 45 35 ©45

Erie $100 shares . llji© 11>< 13 © 13XDo preference, 73 21 ©21 20 ©22Do convertible eoli bonds, 78 1904 34 ©36 31 ©36Galveston <fc Harrisbarg, 1st mortgage, 6s 1911 60 © 65 60 © 65Illinois Central, $100 shares .. S6^® 87>f 85 (a 87Lehieh Valle>, consolidated mortgage, 6s 192.S 91 ©91 91 ©91Marietta & Cincinnati Railway, 7s 1891 99 ©101 99 ©101Missouri Kansas ijb Texas, 1st mort., guar, goldbonds, English, 7a— 1904 53 © 56 53 © 56

New York Boston & Montreal, 78 lyftl © . ... © ..New York Central A Hudson River mortg. bonds.

7

1!0 ©111 110 ©liiNew York Central $100 shares lOJ ©101 100 @1C2Oregon & California, Ist mort, 7s 1890 25 ©2) 25 ©27

do Frankfort lommit'e Receipts, x coup. 24 © 26 24 @ 26Pennsylvania, $50 shares 46>i® 49>f 48 ©49

Do. Ist mort., 68 )380 93 © S6 93 ©SB- Do. con?ol. sinK'g fund mort. 8s 1E05 .. (ij . .. 9 !4© 9I>4

Philadelphia & Reading $5u shares 3'J>^© 40^ 38)«© 39XPittsburg Fort Wayne & Chicago equipmentbonds (guar, by Pennsylvania R. R. Co.), 83 .... 101 ©103 100 ©103

Union Pacitlc Land Grant 1st mor',., 73 1889 89 ©91 89 ©91Union Paciflc Hallway, let mortgage, 6's 1893 94 © 96 94 © 9ti

AMERICAN STERLINO BONDS.Allegheny Valley, guar, by Pcnn. R'y Co 1910 f2 ©93 S2V© 93WAtlantic & Gt. Western consol. mort., Bischoff.

certB.(a),78 1891 ....© ©Atbintic&Gt.W., leased lines rental trust, 78.1902 38 ©42 33 ©42S" "*<'• „ do. 1873, 7a.l9fti 18 © 12 18 © 22Do. do. Western exten., Sa 1876 40 @ 45 40 @ 45

T» S,"' J^^\., , do. 78, guar, by Erie R'y. 40 ® 45 40 ©45Baltimore & Ohio, 68 ]8§5 109 @110 109 ©110

Do «9 1901 109 ©110 109 ©110„. Do- 6? 1910 111 ©112 103 ©109Oairo & Vmcennes, 78 1909 35 ©40 35 ©40Chicago & Alton sterling conaol. mort, 6a 1903 105 ©106 103 ©106Chicago APaducah 1st mort gold bonds, 7s... 1902 64 ©68 64 ©68Cleveland, Colnmbus, Cin. & Ind. con. mort. ..1913 94^© 95W 94J<a 95)^Eastern Railway or Massachusetts, 6s 1893 80 ©M 60 © 81Erie convertible bonds, 63 1875 63 @ 71 68 ©72Do. cons, mort for conv. of existing bond3,7s. 1920 70 @ 75 71 a 73Do. second mort, 73 . 1894 -31 ® 31 31 ©31GiJmanClinton&Sprlngaeldlstmortgold,79..1900 60 © 65 60 © 65Hunois & St Lunis Bridge lat mort 79 1900 85 © 87 85 © 87«,?•". ,-, . ,

,d?-- 2draort,78 55 © 60 55 ffi 60nUnols Central, Binkmg fund, 58 19ft3 96 ©97 96 K •»

I t..-Jv?-„ ''o 6s 1895 107 ©lOi 107 ©li)9Lehjh Valley consol mort "A," 68 WH&mH 1011<ai02)^

Memphis & Ohio lat mort 78 190I 100 ®102 100 ©102Milwaukee & St Paul. Ist mort 79 1902 90 ® 95 90 © 95New 1 ork & Canada R'way, guar, by the Dela-TO-e *Hnd8>.n Canal 69 .. 1904 103 ©105 100 ©102N. Y. Central &, Hudson Ltiv. mort. bonds, 68..1903 111 ©HI ill ©nj* Ex 6 coupons, January, 1871, to July, 1374, inclusive.

We have had a week of fine weather, but the nights have beenC3ld, and there have been complaints of frost. No serious damage,however, is reported. The crops, on tlie whole, are said topromise well. The trade for wheat during the week has beenexceedingly quiet. Choice qualities of produce are steady in

value ; but inferior kinds have wiih difliculty supported formerprices. A feature in the trade of late has been a demand for

cargoes off the coast on French account, but it has not beensufficiently active to produce much effect. The quantity of wheatafloat is about 1,250,000 quarters.

The return for the week ending April 29, shows that in the 150principal markets of England and Wales, the deliveries of home-grown wheat amounted to 11,916 quarters, against 58,799 quarters

last year. In the whole Kingdom, it is estimated that they

amounted to 167,664 quarters, against 235,200 quarters in 1875.

Since harvest, the sales in the 150 principal markets have been

1,571,893 quarters, against 2,108,313 quarters ; and it is computed

that in the whole Kingdom they have been 6,287,600 quarters,

against 8,433,350 quarters in 1874-5. It is estimated that the

following quantities of wheat and flour have been placed upon

the British markets since harvest

:

1875-6. 1874-5. 187J-4. 187W.cwt. cwt cwt cwt

faports of wheat since harvsat.... 37.295,6.36 25,»:),145 2!l,0Vi,184 3I,0;»,970

Imports of flour since harvest 4,.55S,589 4,807.131 4,576,516 4,795.143

Sales of Knalish wheat... 28,294,000 87,949,750 3I,574,30J 31,356,300

Total 70.14S.8I5 68,050,017 65.20.5,100 68,2.>«,41t

Deduct eiporU of wBcat and flour. 251,586 217,687 1,737,914 198,00

Result ..69,896.839 67,831,340 63,467,191! 68 055,5nAvcraae price of English wheat for

theseason 45s. 9d. 438. lOd. 61s. 9d. 568. 6d.

The following figures show the imports and exports of cere^_|

produce into and from the United Kingdom since harvest, vii.fll

from September 1 to the close of last week, compared with th^

'

corresponding periods in the previous three years :

laPOBTS.

1875-6. 1874-5. 1873^. 1875-3.

Wheat cwt. 37.»5,t36 25,2*3,145 29,(53,284 31,071,970

Barley.... 6414,300 10,259,493 6.630,.i42 lla.i8971

Oats. 7,307.609 6,948,6j2 6,577,494 6,714,696

Peas 1.018,331 l,l2S,0n3 747,401 941,158

Beans .. ..; 2,J0ii.S88 1,711.160 3,00(i,5:i6 1.817,778

IndlanCom 16,341,964 »,673,2!8 10,E09.47J 13,617.15«

piour 4,658.589 4,807,131 4,576,516 4,795,143

XZPOBT9.

Wheat cwt. 231.8P5 173.099 1,635.647 184,054

Barley 19,815 177,689 839,414 13,363

Oats 227.831 49,641 72,466 11,017

Peas' 28,790 16,413 9,690 6,0)5

Beans!'. -. . .. 6,291 1,727 2.3(4 1,135

Indian Corn 33.080 41,947 105,200 26,147

Flour 16,691 44,683 102.S67 14.7«1_

The following analysis of the Clearing-House returns of tb

past year, sliows a decline in the respective totals to nearly tta

level of 1871-3 :—The subjoined statistics- show the working of the Banken

Clearing-House for the year ending on the 30lh April, 1876, whiir

is the 9th during which these statistics have been collected. Tktotal amounts for the nine years have been

:

On On Stock On ConsTotal Fourths of Exchange Settling!

for the Yfar. the Month. AccountDaya. Days.18R7-18S8 £3,257,411,000 £147,11.3,000 £144,44.3,(01 £131,293,0

1863-1869 3,.WI,039,OjO 161,861,000 530 62.',(il0 141,270,(0

1*9-1870. 8,710.628000 168,523000 594.763,000 148.825,000

1850-1671 4 01H,4(i4,onO 18B,5n,0J0 £35,94i;,r00 169,;41,000

1871-1872 5 359.721.003 aa9.529,0 !.4i,446,0CO 2.3.%S4J),0CO

1872-1873 6,00',3-5,000 2f5,<165,000 l,0 2.474,iCO 243,^61,000

1873-1874 5,998,58ti,000 27i',841,0CO 970.943 000 2tli',07v,C00

1874-1875 6,013,2i)0.l10fl 2.^6,950,a'0 l,076,f 85,000 260,:l.38,000

1875-1576 6,40r,24;,«00 240.807,000 »62,£.93,00O 241,145,000

The total amount of bills, cheques, &c., paid at the (Clearing-

House during the year ending 30th April, 1876, shows, therefore,

a decrease of £606,056,000 as contrasted with 1875, The psyraents

on Stock Escbange account days form a sum of £962,595,000,

being a decrease of £113,990,000 as compared with 1875. Thepavments on consols account days for the same period have

amounted to £243,345,000, showing a decrease of £18,003,000 as

compared with 1875. The amounts passing through on the 4ths

of the month for 1876 have amounted to £240,807,000, showing a

decrease of £15,143,000 as compared with 1875.

Baxilab .tlarlLet Reports—Per Cable.

The daily closing quotations in the markets of London and Liver*

pool for the past week have been reported by cable, as sb-wn in

the following summary

:

London Money and Stock Sfarket.—The bullion in the Bankof England has increased £237,000 during the week.

Sat Mon. Tnes. Wed. Thor. FrLConsols for money 96 5-16 96 5-16 96 5-16 96 7-16 96 7-16

" account 96 6-16 96 5-16 36 5-16(J. 8. 6s (5-808,) 1865 104^ 104)i 104(<" " 1867 109?i 109)i 109X

0. 8.10-40a una 107X' 107!iKewSs...... 106>i ]06>f I06y,

96 7-16 95 7-lo104i( 'MiiimK locji

107X icnnI06)i 10ti>i

Tb^qaotacions for United States new fives at Frankfort were :

a.S.aewflves 10»X 191H lO'V

Liverpool Gotton Kirktt.—See special report of cotton,

Liverpool Bread»tujfs Market.—Sat. Hon.s. d 8. d.

noar (extra State) flbbl 21 21Wheat (No. 1 spring).. Vctl 9 2 9 3" (No. 2.'prlng)... "89 8 10" (winter) "93 94" (Cal. white, clnb.) " 9 10 9 10

Corn (n.W. mix.) V quarter 86 i 88 3Peas (Canadian) V quarter 36 36

102K

Taes.a. d.819 599 69 1126S6

Wed.8. d.819 599 69 10

8638

Thar.8. d.219 69 1

9 79 1026m

Liverpool Provisions Market.—

Beef (mess) new 9 tee 87Pork (W'tmess) newljbbl 81

Bacon (l.cl.mid.lnewycwl 60

Urd (American) ... " 57

CbeeieCAmer'n flne) " 56

Sat.8. d.

6

Hon.8. d.87

8850 9

58 656

Taes.8. d.878251m 666

Wed.8. d.87 n825168 359 e

Thar.8. A.

868151 «58 3S6

Frl.8. d.

21 69 69 t

9 79 112636

PrI.8. d.8i8!.50 65? 655

Page 11: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

May 2a, 187d.] THE CHRONICLK 487

Livtrpotl Product Market.—Bat.•. d.

BMliKeonunoil). .. Vewt.. 4 9" (pale) " 16

Petroleu.ai refined) VK*! HJI^" .spirits) " 6

TallowrprlmeC ty»..» cwt. « «

Oloverieed (Am. red).. *' 68

gplrltf tarpentlne " S3 6

Mon.(. d.

i «16

<0 6:f>8 6

Toet.1. d.4 »la

lOX8

40 6&SSS «

Wed.t. d.4 9

:t>

lost8

40 »B) n13

TB«f. Prt.a. d. . d.4 9 4 »

i« le10!< lOX

40 « 40 8K> hisa 23

London Product and Oil Market*.—Sat. Hon. Taea.£ s d. £ s. d. £ a. d.

Ltns'dc'ke(obl).9tc. 9 lu 9 ID 9 10Uaaeed(Calciitta)... . 4S » 45 6 45 68iigar(No.l2D'cbetd)onapot.ycwt SI « ai 6 11 6

Sperm oil Htan.. 91 91 91

WhaleoU •.34008400 34 00Linseed oil. ...W cwt. i-i 23 83

Wed.£ a. d.9 15

45 6

6 !1 691

Thar.£ a. d.9 10

43 t

CI 691

M 3122 22

FrI.

£ f. d.

9 10

45 6

21 69181

21

Erie.—The earnlnci for tUe mooth of February tre reported bjSeripath'i RaUtoay Journal, of Loadoo, m follows:

187». IVi.g-opp earnlnua , SI.IM,A33 |l,IOI.t>-.WerkinK ezpeoaaa 90*1,89) 900,193

Netoa'ninPer cen

Inc. or Dec.

Inc.. Lan

P.c.4 7

1

rnlnea ...

.

nl of fxpen1247 117

78 M *774-4

tlM.6« Iae..$M, Wxpenaaa 78 W 8* 1« U«e.. 8M

Mobile & Ohio.—Tbe following; la a Rtatemont of revvaaa andexpenH»« ior tljo firat quarter of 1875 and 18711 ; llie itfin ol ex-peuaes this year iacUides all dUburaementa, takiog in what hadlormerljr been claused aa extraordinary expenses :

BiriHUK.J Doarr,

Revcroe, 1878 t3^«,l8IKevenue, 1876 19)1.718

February.

180,174

March.

lacKO

dDommcvcial au5 i^lisceUanjou0 Ncujg.iMPOHTd JlSO SXPOKTB FUR THB Wbbk.—The liDDorts tbis

week show n decrease tn both dry goods and ireneral mer-chaadiae. The total imports amount to $4,805,677 this week,a;;aia8t $5,053,744: last week, and $5,nUw,009 the previoria week.Theexporta amount to 13,780,250 thia week, aKainst $5,065,313 lasi

week and $3,539,380 the previous week. Tlie exports of cottontbe past week were 6,653 bales, against 1,488 bales last weekTbe tollowinirarethe Imports at I^ew Torli tor week endinir (toidry goods) May 11, and for the week ending (for general mer-chandise) May 12 :

rOBEION IMPORTB AT MEW TOOK l^B THE WEEK.1S"3. 1874 18T5.

Orygooda $1,310,2.55 Jt,t>12 139 tl,«J!»,776General merchandise... 6,598,008 5.91!,780 8,8-0,566

Total for the week.Previously reported.. ..

$:.93S.Sf3lia,2i5,177

$7,528,869151,226,213

$4 550,862l-j3.184,668

1876.

1768.0994,107,578

f4,«i5.677116,7:8. iji

SlneeJan. 1 $171,163,440 $15^,75U.032 $137,735,050 $121,644,103

In our report of the dry goods trade will be found the importsof dry goods for or:e week later.

The following is a statement of the exports (excluMve of specie^from tbe port of New York to foreign ports, lor the week endingMay 16:

EXPOBTB FROM NEW YORK FOR THE WEEK.1873. 1874. 1875.

Fortlieweek $5,482,«9» f!6,60l,f>54 $1,106,551Previously reported.... 100,610,538 100.r00.2Ol 85,114,164

Since Jan. 1 $108,123,432 $:07,30I,S58 $89,231,516 $91,482,538

The following will show the exports of specie from the port ofNew Tork for the week ending May 13, 1876, and since thebeginning of the year, with a comparison for the correspondingdate in previous years:May 10—Str. Scjthla Liverpool American gold cola... $290,900

Oold bars 11,40Silver bars 8,' 00

Marll- Sir. Cityof New York.Havana silver con 10,000 I The unexpected action of the Panama R. R. Com) any during the past fswHay 13—Str. City of Richmond. Liverpool Silver bara 89 000 i

month?. In interrupting the amicable relations that had exitte 1 rince their

Increaso $3T,4(t $18,8 7 fl9,S18xxriHasa.

Jannary. Februjry. March.Eipensea, 1876 $IS9,liit $ltS.4«t tl7S,34«itxpenact, IHIi 152,lk:8 120 219 lSI,i|tt

Decrease .... $SI,4iSIncreaaa $U.0i4

ToUl Exp.$440,MK!897,229

t:5.%ll

ToUl Rev.First quarter, 1878 $'61,952First quarter, 1875 «!<,1SI

Increaae $8'>,7v8 $42,778

Nashrlllo Chattanooga & St I»ni8.—The following is astatement of receipts and expenses for April, and for ten monthsto April 30 : ,Ap)U— 1815. 1878.

Grose r.icelpU $12»,4« $ia.463Expenses M,0t>9 S4,«ra

Nctrecolpts $41,861 $«8,7o7Ten nwijhs—

Gross receipts $1.47S.Sr7 $1,499,818Expenses 1.016,685 869,096

Netrecelpts $461,642 $820,519Interext tor 10 months on bonded debt 366,100Surplus .-. 256,419

Pacific Hail Steamship Co.—The following cire'alar, issnedby the President, was one of the influences affecting the stock onThursday

:

Office Pacific Mail S. B. Co., New Tobs, May 17, 1878.

To the StockhoMert of the Pacijic XiU 8. S. Co.

QEXri-EHEN :—At the request of many of the larzest stockholders aud.credlt'ors. I assumed the presidency of thid Comp my about .Marcti I, 1815.

At that time the Company was involved in a ruinous C'impetliion with theOvfrland Ksiiroad, and its operations were resulting In a loss of not less than$:o;),000 a month, and Its accounts were in such a csnfused ttat that, upon acarefnl investi;;ailoD, its liabilities were ascertained to be much greater liiaa1 had been led to ruppose.i*he following is a comparative statement of the liabilitlea February 28v

1875, and upon the striking of the last balance on March 31, 1B76:

ToUl liabillti. a February 28. 1?75 $I,50?,95T 66ToUl liabilities March 81, 1876 1,181,048 78

Reduction In thirteen montha $2,327,908 88

May 13—Str. Canada Havre

May 13—Str. Donan... .

American silver coin.. 5,000American gold coin. .. 25O,C0OMexican silver ]'',y99

Gold bars .. 51.600AmRricin gold coin .. 310.( 03

Sonthampton. American go'd coin... 500,000London Silver bars S8,0X)

ToUl for the week $1 57l"i>59Previously reported .'.. I8|65'*',i3b

Total since January 1, 1876 . .|J0,Syi,289Same time in—

1S75 $29,077,4421874 l').42i,88'i

1873 19.9ti0.7l71872 1!I,093,51S

1871 30,444,;!J0

Same time in

1870 $10,206,9101869 Il,<)62,5r71868 2«.000.:«11367 ll.!»94.(781866 16,964,006

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

:

May 8—Str. Acdea Kingston Gold coin ..

,

Silver coin..May 10—Str. City of Havana...Vera Crnz Gold coin.

$2,214.154

1.7;K)

„ „ „ Sllvercoin SI 154May 10—Str. Columbua Havana Gold coin 85

Total for the week taswPrerloQely reported .'.'.'..'

l,S6s'4S3

Total since 7an. 1. 1876 $1 589 010•"-•—'

Same time In—1870 $6.9I6.ri321869 f 8,644.6241868 3,0ti4,S55

1S!j7 1,056,078

Same time in—1875 $6 022.0151874. 1.558.74'(1673 1.720,8271872 .... 641.1211671 .. . 3,024.5:iO

LooUville Tadacah & Southwestern.—The receipts andexpenses for April, given last week, under the name of this road,should have been under the Louisville Cincinnati & Lexington. J

Loan bonds, due in 1,906. The total debt of the city, including-

formation, has seriously itjured the credit and earning cepacity t>f both com-panies, and has made It ditlicutt to carry the present delii of (he Company,very largely »'educ' d, as it appears by the above flirures : and but for ihe factthat myself and two of my co directors have advanced over ^lx hundredt'iou?aud dollar.-* from our personal re^iource!", the funds necessary lo sus-tain the Company, and to protect it against presslug creditors, it wauld, erethis, have become seriously involved.

I-i ^urlende^lng back to the stockholders the trust which I have per-formed without salary or pecuniary reward. I hope that if you cam ot be per-sonally present }>t the approaching elertion, vou will entrust your proxy tosome relii.b!e and honorable gentleman who will see that a board is selectedthat will have the confidence of tbe c editors and yoursetve.«, and who ar*willing to assume these liabliitiea. and to pledge tbumselvca to protect yourproperty.Any proxy entrusted to the undersigned will be usrd for your benefit.

Very respectfully, Sidney Dillon, President.

Rockford Rock Island & St. Lonls.—At Chicago, May 11, intbe United States Circuit Court, Judge Drummond retu.^cd tbeapplication of O^terberg for a pergonal deed of this railroad, batstated that such deed would be given him aa trusitee of the roadfor the bondholders, provided the court was satisfied by an exam-ination of Oaterberg's accounts, which has been orilered, thatsuch a deed ahnuld properly be given.

Selma Mnrion & Memphis.—Judire Emmons, of the UnitedStates Circuit Cjurt, appointed A. A. Co'eman receiver, at Mem-pbia. May 13, of the Seliua Marion & Memphis liailroad, on hisgiving bonds for $50,000.

—Bonds issued for tbe construction of water works or otherneeded improvement!", by different cities throughout tbe country,have, as a general thing, proved a Rrst-c'.ass security. They havnbeen much sougbt after by conservative investors, and rarely findtheir way back into the market again, unless at a higher price.

Hessrs.^Blake Brothers & Co., the well-known bankers, are offering-

now a limited amount ot the City of Providence 5 per cent. Water

Receiver Dupont's report for April is as follows:Cash on hand April 1 $17,167Receipts from all sources .'

36i2l4

_ .Total $53,38-1Paid on pay rolle

. $23,012Paid on vouchers ]

', 14,'760

• 37,772

Balance on hnadMty 1 $15,609

Tbe liisbursements exceeded the receipts by $1,558 20.The actual earnings of the road for March were $35,758Working expenses 31,567

Nctearnloga $4,18 >

Bentali paid 3,1$/

this loan, is about $8,000,000, the assessed valuation is over$120,000,000, and, judging from tbe known standing of Providencebonds, these will probably be taken up in a short time,

—We call the attention of investors to the City of Logansport,Indiana, eight per cent. Water ho&a bonds, ofiered by tUe well-known house ot A. M. Kidder & Co. These bonds are payable,principal and interest, January and July, in 'Hew York City.

Only a pmall amount are now offered, and the bonds belong to •class which has lately met with much favor.

—Investors or holders of Southern securities are referred tothe card of Messrs. S. H. Tobey & Co., in another column. Ihisfirm makes a specialty of miscellaneous securities, and adverllBS

ior several in our to day's issue, which they desire to purchase.

Page 12: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

488 rHB CHRONICLR [M.y 20, 1876.

<&he fiaiiliers' &a}tt\t.Ff.VriO^rAI. a.lNK» ORGANIZED.

The United States GoraptroUer of the Currency furniahes thefollowing statement of National Banl^s organized the past week :

3,333—Union National Bank of Sonderton. Pennsylvania. Authorized capi-tal, $90,000; paid-in cipiul, 86^.0(JO. Isaac O. Gorhirt, Pri'Sideat

;

Jacob C Laud«a, Cashier. Authorized to commence busiueaa May 11,

]m.DIVIDBNDN.

The tollowlns Dlvldenda have recently beeu anaoanced

:

COMPAIIT.P<BCkmt.

WhbkP'abi*.

ttooKa CumiD(Daya inclaaive )

Kallroaas.Northera.N.H

iniscellaneoui*.American Express...

$i 50 June 1.

$3 OoUnly 1. June 11 to July 8.

FftlDAY. mAY 19, 1876—6 P. in.

Tbe IHoner Blarket and Financial Sltoatlon.—A growing«ase in money, a feverish and depressed tone in stocks, and a fair

business in investment securities, have been the general points of

the past week.'There is nothing new in commercial circles worthy of special

comment ; a shade more of confidence is shown by the purchasersof commercial paper than there was a few weeks ago, indicating

a better feeling as to the mercantile situation, though it is still

noticeable that a wide difference is made between the prices of

the best class of paper and that of a little lower grade. Strictly

prime paper is sold quite readily at 4^ to 5 per cent., with excep-tions at 4 per cent., while paper not as good runs up to 8 and 9per cent. On call loans, rates have a lower tendency, and there is

a great deal of money pressing for use on government collaterals

at 2^@3 per cent., while on ordinary stock collaterals the rates

are 3@4 per cent.

On Thursday, the Bank of England report showed a gain for

the week of £237,000 in specie, and the discount rale remainedunchanged at 2 per cent.

The last statement of the New York City Clearing-Housebanks, issued May 13, showed an increase of f1,979,975 in theexcess above their 25 per cent, leg&l reserve, the whole of suchexcess being $9,549,325, against $7,569,350 the previous week.The following table shows the changes from the previous

•week and a comparison with 1875 and 1874

:

, 1876. , 1875. 1874.May 6. May 13. Differences. May 15. May 16.

Loans anddis. J257,015,600 $J55,8J5,800 Dec. $ , 106,800 82j5,«16.!IOO 538l,5?7,50Oapecie 19,804,400 19.881.000 Dec. 923,100 10,361,500 27,301,600Circalanon .. 16,199,400 16, 140, ',00 Dec. 58,900 20,363,800 26,9i3,9C0Net deposits.. 203,669,005 207,'-00,-300 Inc.. S.S31,300 231,921,300 236..39%000Legal tenders. 29,182,209 42,611,400 Inc. 3.461,200 59,-356,30J 57,100,300

United Slates Bond*.—There has been a larger business in

government bonds this week, and prices have generally ad-

vanced a fraction. The demand appears to have been well dis-

tributed, and not to have come from any particular quarter,though we Etill observe considerable purchases made for Balti-

more account, where a good many bonds have gone within thepast thirty days. As tietween this market and London, trans-actions do not seem to have been important either way. Theprospect of the passage of the 4i per cent, bond bill in Congresshaving become less imminent, there is not now so mnch dis-

crimination against the five-twenties of 1865 and 1867.Closing prices dally have been as follows:

May May May May Hay HayInt. period. 13. 15. 16. 17. 18. 19.

8s, 1881 reg.,Jan.* July. •121'^ 121^ »121>< laiji 12J 1215i«8, 18^1 coup., an. AJuly. li2H •122X •122K *I2JH 122Jf 122Jifa, 5-20S, 1866 reg..May &Nof.«114!.i 114X 114X lllJi 'IHK 1156«, 5-409, 1865 coup. .May .fc Nov. 114>i IHJi 'lUX JUJi 114^*115«8, 5-20», 1865, n. i...reg.. Jan. * July. •118iK 119 119>i 'lU •119)t 119)i6b, 5-W3,1865,n.i..coup. .Jan. & July. 118)i 119 119 119 ll'.lX 119X6s, 5-2US, 1867 reg..Jan. & July.*120?i •121 •12! *1SI),' •I21X 121JjSi-, 52 Is, 1867 coup. . .Ian. & July. 120;4 121 m^ 121!.,' I2H4 121%6i, 5-208, 1868. ...reg..Jau. & July.»12i^i *liiX •12J5i *122^ •123>i •li3X68, 5-208,1868 coup. .Jan. & July.*12-JX *12ili 'ViiH *Vil% •123>i *133%e«. lO-lOs reg..Mar. ASept. 117Ji lli'i 117«i 117?i 'inx 117J£Ss, lO-Ws conp.. Mar. & Sept. 'IW/i '118^ 118X •118'/, 'nSH 'llSJi6e, funded, 1881 reg.. Quarterly.... 117-4 117X 117X 117>< 117K 117>ios.funded, 1881. ..coup. .Quarterly.... 117 117!^ 117)i li'ii *117K lI7JiOs, Currency reg. .Jan. & July. •127.'i I2714 157»i 127J< ^127 •.27

• This is the price bid, no sale was made at the Board.The range in prices since Jan. 1, 1876, and the amount of each

class of bonds outstanding May 1, 1876, were as follows:

8s, 1881 rej.6s, 1881 co;ip.88, 5-208, 186^ coup

.

68, 6 208, 1865, new. .coup.68, 5-208, 1867 coup.68, 5-iOs, 1863 coup88, 10-108 ... reg.88, 10-408 coup68, funded, 1S81 coup68, Currency reg.

. '—Since tlan. 1.

Lowest.I

Highest. I Registered.119XJan. 3 123« Feb. 23 $193,546,310120Ji Jan. 10 12i;i Feb. 23114"/, May 11 113X .Vch. 13,

117 Jan. 4 123X Feb. 16

8|12!X Feb. 103 1235i Feb. 176 119^4 Jan. 2»4 1-Jlv Feb. 284 119 Feb. 21b|iJ8 Feb. 23

119% Jan.119^ Jan.

116X Feb.118 Jan.1165i Jan.'22Ji .Inn.

Amount May 1 ,

Coupon.

89.'l90",*XI

116,608,(00

142,465,650218,621,1.50

22,639,800

33,950,65000,:!,7,45Q

92,001.60014,781.030

1*1,763.900

2111,205,450

64,623,512

62,802,400293,010,030

Closing prices of securities in London have been as follows:May

5.

May12.

tr. S. 6s. 5-208, '865, old... I 104 | IH%V. S. 6s, 5-20S. 1867 109« I 109KXT. 8. .5e. 1O-40S 107X :a7XNew 5s I 106% I 106)4

May18.

-Kange since Jan, I '70.—

,

Lowest.I

Highest.

ipijf x!03 f Apr. 12; ire'i Apr. 6109Ji 1 ima ,Ian.. S' 10»>s Feb. 1

imx lOiii Apr. 20 1081^ Feb. 10106% I HHJiJeLa..Vi 106^ Apr. 6

State and Railroad Bond».-:The principal movement inState bonds was in Tennessees, which have advanced underconsiderable purchases to 43 for the new bonds and 44, or there-abouts, for the old. There is said to be a home demand forthese bonds, indicating a more hopeful feeling there as to thefinances. The governing committee of the New York StockExchange have decided to admit to the Board list the Louisiana7 per cent, consols, as follows: No. 1 to 8,329, inclusive, each

lea I

11

for $1,000 ; No. 1 to 871, inclusive, each for $500; No. 1 to 3,541,inclusive, each for $100; the last to be called as " small bonds."The bids for the Cincinnati six per cent, gold bonds were openedthis week, and it was reported that the proposals largely exceededin amount the $1,500,000 advertised for. The bids were fio)

103 to 105, and the awards were from 105 to 103i, all under tl

latter amount being excluded. The City of Providence ne.._Water Loan of $1,500,000 30-year 5 per cent, gold bonds wasawarded to Messrs. Blake, Brothers jc Co.Railroad bonds have been fairly dealt in, though at varyin"

prices. In the Pacific issues, the prices of the first mortgagebonds have been strong, while some of the junior issues havebeen lower—notably, the Union Pacific sinking fund bonds,which declined today to 89} in sympathy with the price of thestock. Central of New Jersey convertible bonds have also beenweak with the stock. Comparing the present year with last,

there is a decided improvement in the situation regarding rail-

road bonds, as the market wag then depressed by the occur-rence of new and unlooked-for defaults, and this year we havehad scarcely any new defaults, and several companies have re-

sumed payment of their interest in full ot in part.

A dispatch from Washington, today, reported that the JudiciaryCommittee agreed to an amendment to the Pacific Railroad hill,

that the sinking fund to be paid by the Union Pacific be fixed at

$750,000 per annum tor the first ten years, and $1,000,000 perannum thereafter, until the whole debt and interest be paid,these sums to be exclusive of the 5 per cent net earnings andgovernment freight. The other roads to pay pro rata of theirindebtedness in accordance with the above.

Messrs. A. B. MuUer & Son sild the following at auction :

Shares.S Resolute Fire Insurance 76

69 Wiiiiameburgh City FireIns I73ai75i4

11 Security Life Ins. & An-nuity 112

45 Howe Manuf. Co., of Eirming-ham. Coon 326

lOONat. Shoe & Leather Bank.. 1.30

60 German American B'k .70>ji37210 Ninth National Bank 79%20 National Trust Co 89X39033 Resolute Fire Insurance. ... 7116 Republic Fire Insurance 95

Closing prices of leading State and Railroad Bands for threeweeks past, and the range siaca Jan. 1, have been as follows:

Shirks.15 New York Gaslight Co 14(1,4

20 Marrisania Steambnat Co SOeTradesmen's Nat. Bank 140

20 Guardian Fire Ins. Co .... 966 Marine National Bank JOt

Bonds.gJ,0CO Louisville City 6 water

loan 9i10,OCO N. Y. City 6gold consbl.

8to.~k .. 1121J,000 Cent. Pac. RR. 7 gold

conv. bonds '.06

States.Tennessee 6s, old

do 6s, newNorth Carolina 6 s oldVirginia 6s, consol

do do 8d series...Missouri 68, long bondsDistrict of Columbia, 3-638....

Railboads.Central of N J. Ist consol. .

.

Central Pacific Ist. 68, gold . .

.

Chic. Burl. Jk Quincy consol. 7fc

Chic. & Northwest*n, cp., goldChic. M. & St. P. CODS, a fd, 7eChic. R.I. &Pac. 1st, 7«Erie 1st, 79, extendedLake 8h. & Mich. So.2d cons.cpMichigan Central, consol. 7b .

.

Morris & Essex, IstmortN. Y. Cen. &, Hud. Ist, coup..Ohio & Miss., cons. sink, fundPitisb. Ft. Wayne A Chic. IstSt. Louis Jk Iron Mt.. lat mort.Union Pacific 1st. 63, gold

do sinking fund

May5.

43•40%•15•73

•1"'B%•70%

•103Vi106%

9i%8<%

•110%•106!/,

99"

•iie"•93•119•9»

104%•91%

May12.

43«41%•15•73

105%71

May19.

•43%'4iy,

•73%

195%10%

^-Kange aince Jan. 1, '76—,

•103 •IffS

106% •108'/,

•11193%88%110

ICO

'lig"•98%120»100

viy.•91%

93X^9!i110%

•93"

100%

•119"

99 ii•119%•;oi105%88V4

Lowest,42 Mch. 284J% Jan. 41) Jan,76!4 Jan.41 Apl.100 Jan.

ma Jan. 21

lOey May104 Jan.107% Jan.85% Jan.79% Jan.107% Jan.108 Jan.100 May

Highest.48 Jan. 3146% Jan. 31U Mch. 10

76!4 Jan. 29

46% Feb. 26

103H May 275 Mch. 14

2 112%11 I09;i

114

119

MayJan.May

92% Jan.114!4 Jan.95 Jan.1(12% Jan.8JH May

111%9490%110%my,

IS, 1005 1074 1219 123%3100111204 1024 106

19; 97.%

Mch. 3Men. 20May 3Mch 13Mch. 11

May 8Anr. 7May 18

McL2l)Mch. 27Mch. 4Mch. 24May 12Mch. 21Mch. 3Feb. 21

• This 18 the price bid; no sale was made at the Board.

Railroad and niscellaneona Stock*.—The stock markethas been unsettled, with frequent fluctuations from day to day,and closes with considerable depression. The same general in-

fluences have been at work which we have recently commentedon—principally the reduction in railroad freights, the waron Western Union Telegraph, and the depression amongthe coal-carrying roads ; the illness of Commodore Vanderbilthas been less talked of, although it appears that he is

yet too sick to leave his bed. On I'hursday, a remarkablemovement took place in Pacific Mail, which opened at SIJ, sold

up to 24i on large transactions, and then fell back to 19|, andfinally closed at 20f. The cause for this singular fluctuation wasattributed to some son of operation preparatory to the comingelection, but the precise character of the movement has not yet

been explained ; to-day, the stock opened at 21, sold up to 23,

and closed at 22|. Nothing of a definite character has transpiredin regard to the attitude of the railroads on the freight question,

although numero.is statements have appeared in the news-papers that they are cutting under on Westbound freights.

The only two roads forming parts of trunk lines which re-

port their earnings, are the Michigan Central and Ohio &Mississippi, and these for the latest weeks rep^)rted showa material increase over last year. The Atlantic & Pacific Tele-graph Company has given notice of the issue of 5,000 shares of

new stock, which, if actually issued, will increase the stock by$500,000, and if paid for at i8 will furnish $90,000 to the com-pany. They also notice a further reduction in rates. The mainquestion now affecting the Western Union stock is : Will theypay any quarterly dividend in July"? The questions more re-

motely Effecting the value of both these stocks are these : 1. Is

the present attack of the A. & P. Company made for the pur-

pose of securing an amalgamation ? 2. If they cannot obtain a

consolidation, can they reduce the Western Union receipts so as

to prevent the payment of dividends, without crippling them-selves? 3. If the whole telegraphing business is in the hands of

these two companies, will they probably continue to quarrel?

These seem to be the main points touching the permanent pros-

Page 13: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

May 20, 1876.] THE CHRONICLE 469

pects of the telfg^rapli stocks, as there can be little doubt of a

lontinued large business in telegraphing, and there is no imme-diate prospect of a further competition to divide it, such aa ex-

ists among the railroads.

Today, the moat important decline was in New Jersey Cen-

tral, which fell off to 83, apparently from the lack of any goodsupport. Delaware Lackawanna & Western was al«o weak

;

and as to both stocks, the public has bo little information alx>ut

tlie present condition of the companies that they are unwilling to

come in as purchaser?.

The daily highest and lowest prices have been as follows:Baturdftr. Monday, Tuesday, WedneB'jr, Thursday, Friday

IS.-• •- ..- .. ...^ ...

At. * PacjirfAt.* Pac. Tel.(Central of NJC. Mil. & St. P.

do pref.CUlc. ANorth.

do pref.

C. It. I. & Pac.

'

(^ol.Chlc.&I.OI)i:I. L. & WestErieUan. &St..)a>

do pref.Harlt'tn

III. ('•iitral....

I.'ik." Shore ...

MtriiiKuu CentN.V.Cen.&U.ROhio* Ml«s...PaclttcMall .

Paclflc of Mo.Pdnam*tjulcksllver.. .

do pref.St. L. I. m:* s.

St. L.&K.C'.ptT. Wab.AW.. '.... 3tJnlon Paciac. 61 MWest. Va. Tel. 66X M!iAdams Exp... '10)X li2American Ex. 62s 63HUnited States. TO TOWells. Fargo .. 87K 87X

May 13 May '.5. May May IT. May Id.

ST 90'<

36X S7X<SH S3)i

40)J Mii58H S9

IIUJ,! lOSX•4K 4J<

109 )< 106

"x maI4« 14V

•*)>i SIXIS9 139• .. 93

S3X 54

46X 47^110 llOX16X 16«19K 34X14 14

•136X ...

•14V ...

May 19.

:t" is>i83 88S8V »7HM« «4>»

59" 59"

105X106tH 4H

101 lOS^J4X 15«14 14V•S3X .. .

lasx 1S8X•»•)< 97

53X 5tX46X 47V110 110

i»K nx21 8.1

130" im"

2V Vi60X miSIX 66X109 111

63V 63TO 70

89X

'.... SO

'i" 'i%59 60VMX 85X

lOT 108!^63 63• ... 71

89V

'.... 20

2X 'Hi58 59

65X «6X• ... 10963 63X69i< 69k'87V 90

This 18 tbe price bid and asked ; ho «a/«~va3'made at the Board.Total sales this week, and the range in prices slues Jan. 1,

were as follows:

Atlantic & Pacific prefAtlantic & Pacific Telegraph . .

Central of New JerseyChicago Mil. & St. Paul.

do do pref...Chicago & Northwestera

do do prei*. .

.

Chicazo Kock Island & Paclflc.

.

Columbus Chic. & Ind. CentDelaware Lack, it WesternErieHannibal & St. Joseph

do do prefHarlemIllinois CentralLake ShoreMichigan CentralN Y. Central & Hudsoa River..Ohio & MissiaeippiPacific MallPacific of MiaaouriPanamaQuicksilYer

do prefSt. Louis I. M'ntain& South'n..St. Louis Kan. City & North, pf.Toledo Wabash & WesternUnion PacificWestern Union Telegraph. ....Adams fixpressAra<"rican Express '.

United States Express ".

Wells, Fargo & Co

Solesof w'k.Shares

100

134IT.TJfi

7.800

8,000940

1,1504,250600

19.11348,300

800200820m

194,8.>l

ai,a753,9049,935

106,480310300100aoo5

"i.m7,8?0

140,36')

5320225553

Jan. ), 1876, to date.

-

Lowest.2% May 12

17X May 1381 May 19

35Ji Jan."

61 May 5S8 Apr. 2855% May 6

103!i Apr. 24ay, Mch.3j

lOtX Apr. 24

13X Apr.I3.X Apr.23X May130Ji Jan.9.1 May61 ;X May43 MaylOl^i Jan.15 Apr. 2916XApr. 1011 Jan. 7

127 Jan. 4It May 331 May 1615 Jan. 4SIS Jan. 7t May 1858 May 1963« May 1

101X Jan. 657 Jan.58 Jan. 3SSOX Jan. 7

Highest.7 Jan. 31

22 Feb. 24109Ji Feb. 9

48Ji Feb. is84i<Mch. 13

45,'i Feb. 16BTX Feb. 15

inX Feb. 166J.i Jan. 28

120^ Jan. 3Zifi Mch. 13

•2Sr, Jan. 3138XJan. 31145 Feb. 14

1035i Mch. 13

68>i Jan. 17

65X Mch. 15

U7>i Feb. 15i*% Feb. 1

89^ Jan. 1716 Mch. 31

IS^J Mch. 11

20Jt Feb. a;

24Ji Feb. S;

26>i Mch. !

33 Feb. 366,'; Jan. 22

74X Jan. 17

80>i Jan. 31112 Feb. 1567 Feb. 14T8)< Feb. 14

,91 Feb. 14

Whole y'r..—187.'i.—

,

Low. High

iry,

99X28XSI

46'

:oo>f3

106X12!4

20 .V

137>^

88^.51>453100

SO'A

7XilOJi133013

19X

36

705i9850

132:)>/,

120

40X67ii4SXan109H9X

1S3

35K,30!4

37XI3S

106

SOX82U107382X45X551728S442745

21X83X8t«10»X656iX9S

The latest railroad earnings, and the totals from Jan. 1 to latestdates, are given Iielow. The statement includes the gross earn-ings of all railroads from which returns can be obtained. Thecolumns under the heading "Jan. 1 to latest date" furnish thegross earnings from Jan. 1, to, and including, the period mentionedin the second column.

. Latest eaminga reported.—-—, Jan. 1 to latest dale.

Atch. Top. & S. Fe.. Month of April..Burl. C. R. & Minn. .Month of Mch ..

Cairo* St. Louis.... Month of April..Canada Southern. ...1st week of MayCentral Pacific Month of April .

.

Chicago & Alton Ist week of May.Chic. Burl.A Quincy Month of March.Chic. Mil. & St. Paul.. id week of May.Chic. & Northwest... Month of Feb...Chic. R. I. & Pacific. . Month of Feb . .

.

Cm. Lafay. AChic.lftt week of May.Clev. Mt. V. & Del. . .Month of Mch. .

.

Denver & Rio Grande.lst week of May$"« Month of Feb...Hannibal & St. Jo . . .Month of Mch. .

.

Hoii..<toii.S Texas C... 4th week of Apr.Illinois Central Month of April.

.

ludianap. Bl. & W....]8t week of May.Int. & ut. Northern .Ist wtek of May.Kansas Pacific l.st week of May.Louis. Cin. & Lex.. .Month of .March.Michigan Central ....2d week of May.Mo. Kansas &Texa8..l8t week of May.Mobile 4; Ohio Month of Mch...Iia»hv.C'hatt.&8t.L Month of April.Ohio & .Mississippi ..3d week of May.Pacific of Missouri... Month of April.Paducah & Memphis. Month of Mch.Philadelphia & Erie . . Month of Mch. .

.

Ronni Watertn& Og.Konth of Feb...Sr.L.A. AT. H. brchs.lst week of May.St. L. r. Mt. & South, lat week of May.St. L. K. C.& Norlhn 2d week of May.St. L. & Southeastern.Month of April.

.

St. Paul & S. City, Ac. Month of Mch ..

Tol.Peoria& Warsaw.Sd week of May.Lnion Pacific Month of Feb ..

1876. 1*75. 1876. 1875.$1i>7,000 $112,474 $638,7'.t6 $363,595105,843 97,218 299.469 363,48116,864 24,981 T6.S74 70,76385,9:t5 aj,353 62? 7S0 34J,0i6

1,468,000 1,38«,9S4 4 563,000 4,373,31489 034 T9,9'>3 1,450.589 1,4- 9,752

885,753 950,923 J,644,.338 3.5)6,031167,000 173,501 2,600,3-32 2,274,248654,6J7 671,784 1,66.3,46') l,4't7,353

541,70.'S soi.aw l,0.34,.34:j 1,064,48^)

7,0.36 7,599 137.3T4 13l,'!33

39,608 3.5,051 84, .591 86,3138,181 8,72! 1:15,521 111,103

1,15.3,538 1.101.631

174,335 1.38,779 473,414 349.59742,035 31, '87 958,187 779. .503

546,081 610.4.5) 2,?4S,U8 2,27-<.690

82,735 3',077 542.591 450,6)237,123 1T,0';8 449.955 450,l>i5

(0,164 71,8U 935.53T 91<2„50O

80.757 110,806 343,139lll,6M 129,i>77 2,593,410 3,410,.30i

4:), 142 :i8,753 l,0H,9ai 8,'^9,3:33

149,829 130,3'il £61,952 483,1541.3.3,461 129,430 61 l.tiSa 5->4,739

73.016 61.Of

5

1.-387,316 1,201.8763-'3,732 am.m 1,1^3,9-5 951.3-8

16,9 3 16,938 59,765 47,!31

347,019 252,286 70.M23 631,14:

75,967 58.833 1.56,6f5 l;6.3.3il

8,518 8,400 166,522 2n.l.!267,331 56,275 I,a7'',241 1.129,416

67,354 51,877 1,145,3,04 965,18379,566 85,:«5 329,187 340,45870,313 42, Ml 201.572 101.194

3S,415 17,906 491,.'i07 815,419697.133 620.307 1,333,135 l,i!«,-a7

as shown at times a little more

activity, but with small fluctuations. The only ta«turftof adjconsequence Is the shipment of specie, which continues to b«made—some f 1,200,0^)0 having been shipped on Wednesday andThursday, and $500,000 reported an engaged for to-morrow'ssteamers. On gold loans, the rates paid for carrying to-day wera1^, 1 and 2 per cent. Loans were also made flat. Customs receiptsof the week were $1,791,000.Tbe following table will show the course of gold and open-

tlons of the Gold Eichange Bank rach day of the past werk:,—.^^^uotationa. TotalOp'n Cow. High Clo«.

lU'/.Il3*>i

IU'4

Saturday, UayMonday, "

Tnesday. "

Wedne«day. "

Thursday, "

Friday,

IS..IB..

18..

17..

13..19..

Current wmicPrevious week. ...

January 1 to date.

UIHmy,inx

11-3X

113,XtUH113

11214iis.x

nv.

im

112X

112!.'

lU -

llilX

lPl?i 112»ilis?. I125imy. 112X

mxH3Xlis

iiax112X112X

Clearings.$18,707,00115,696.00018,740,000I7,87!),t»J

35,085,000K,670,00r

$118,747,10018.3,fl3l,C0i

Qold. 'CnrrencT.$1 1IT.9M $1,1N,MB

6W.0I9' TTO.IW1,«7».fiH7l 1,4M.SW1,117,163 1,25«,W>783,3,0780.4CO

877,586

tU,tiO8M.6n

99O.e06

Exfhanse.—The business continues to be very light, and therehas hardly been a variation of ^ of a point during the week.There ia some little changing off of bankers' bills for lower pricedbills taken by them, and coin continues to go oat to a modeiateextent.

In domestic exchange the followingr were the rates on New York1o day at the cities named : Cincinnati, easier, 75@100 premlam ;

Charleston buying 1(33-16 premium, selling ^ premium; Savan-nah, 5-16 premium: Chicago, 50 premium; New Orleans,commercial, 5 16, bank, |; and St. Louis. 125 premi um.California Minino Stocks.—The following prices, by telegraph, are f«r-

nlshed by Messrs. Wm. W. Waktman A Co , 32 William street, N. Y.:Alpha 60Belcher 82Best & Belc. 56Caledonia. .. 'g

California... 79Chol'rPotosl 93•New eh- res, 6 for 1.

Consol. Vir..*TlCrown Point. 17Eureka Cons. 13Ooiild & Cur. 16Hale & Norc. 64Imperial t3

Justice 97Eentnck 14Mexican. ... 33Ophlr SSOverman .... fi8

Ray'd 4 Ely. 18 .

t New shares, 8 for 1

Savage ItSlermNev... ISSilver Bill... 9Union Consol 13Vel. Jacket .*34

TeX-Vs SECtJRiTiKs.--Mes«re. Forster, Ludlow A Co., 7 Wall st,, quote:8tate7s,gldS108)i SlIO I State 10s, '76. 99 .... | Anstin 10*...i'8 11087s.g30yr8|lO8X 4110 10s,pens..« 106X jlOTX DallaslOs ... 83 ....lOa. 18»1,.$103 ilOl I- 6a of 1393. 90 95 | S. Aut'io lOa. 80 ....

5 With interest.

The transactions tor the week at the Custom House and Sab-Treasurr have been as foUowf

:

Custom , Snb-Treasnry. >

HouseReceipts.

Hay IS. $173,000" 15 41S.000'• 16 288.000•• 17 3.71,000" IS 583,000•' 19 2M.0M

-Receipts.Gold.

$180,981 35577.613 3J672,403 41373,281 77752,781 71261,174 :o

CarreDCy.865!,6ll :in

702,9d8 28495,199 08

3,481,869 4529t.281 13669,353 49

Oold$499,713 15404 1:46 66338,272 7S

2,912,840 f8474.213 79667,333 94

Paymentt.-Cnrrency.

$9,'8,S58 351,180,497 73490,173 80

3,635,719 16645,111 86885.518 04

ToUl 1,791,000 2,708,340 70 5,2'10,316 73 4,346,967 37 6,140,378*3Balance, May 18 42.519, '^83 93 38,566.464 58Balance, May 19 40.9jl,47j 41 3T,T18,3J3 33

New York CUT Bank*—The toUowlng statement showsthe condition of the Associated Banks of New York Citv for th«week ending at tbe commencement of business on May 13, 1876:

ATBBAea aMouHT or-

Basks.Loans and

Capital. Discounts.Legal Net

Mew Fork i«,uaa,oooManhattan Co 3,090.00VMerchanu' 3,000,000Mechanic*' ),000,OOCUnion 1JOO,000America 1,000.000PhosDlz 1,800,000City 1,000.000Tradeamen'a 1,000.300Fulton 600,000Chemical aoO.OOCMerchants'Ezch... lAW.OOOaallatln. National.. 1,500,000Butchers'iDrovers' 500.000MechanlcsftTraderi* SOU.OOOBreenwlch -iOO.OOO

Leather Mannf 600,000Seventh Ward 800.000

State Of N. Yorki^raerlcan Bzch'g*. 5,000,000

Commerce 10,000,000

Bpeele. Tenders. Deposits.

Broadway.

.

Mercaotlia....,PaclflcRepublicChathamPeople'i:^,-nh America....

1,000,0001,000.000422.700

3,000,000450,000412,900

1.000,0001.00O,0IK)

9(HI,0OO

t,liCO.GOO

«00,CCOl.UOI>.0«l

1,000,0001,000.000I.OOC.IOCt,OO0.ODO

BanoverIrvingUetropoUtanCitizensNassauMarketSt. NicholasShoe and Leather,Corn Exchange -.

Continental l.sao,OCO

Oriental 800.000Marine 400.000Importers'* Trad'ri 1,500,000

Park 2,000.000

Mech. Bank's ASSO. 500,000Srocers' 800,000North River 40i),000

Bast River 830,000Manufact'rs'*Mer. SOO.OOOFourth National.... 8,000,001Central National... 3,000,000Second National 800,000Ninth National. ... 1.900,CCt

First National 50C,C0JThird National 1,01)0,000N.T.Natlonal Ezch. 900,000Tenth National.... 500,000Bowery National... 2S0,PCCNew York Co. Nat. 300,000German American. 1.000,000DryOoods 1,000.000

|3.8')3.I)0'J •3154.000 »1.«4",«0C I9.t3l.llu6.:40,(XXI 3:i.8U0 l.Sua.JCO 5.O79J008.3lj<,800 1.45I.6U) 1,990.700 8.1-28.100

0.117JOO 59;.1'00 1,027.200 4.i5l.lO04.4M.5M1 •i'«7.800 9S'<,400 8,1 29.0008.9:0.T.K) i,i3i.iiie 1,531.700 7.116,100S.'W.OOO 4T5.00U 156.000 2. '10,0006.;5l,800 lilJMI 738,000 4,«i,V00a,u7i).soc 60.3 637.100 1.761,6001.651,400 l-'4,'i00 473.OJ0 l.Jil.OOO8.3^I.<0U 81S,C00 2.U9,6n) 8.2: 1,600S.»(l.«)0 t(».0UO «:4.too 2,T4.3'«4.072,100 340.000 877.900 2,229.5001.627.(00 94,000 339,1X10 l,2T7.0OO1,^83,100 13,100 2«0.fOO 1,086,3(10

S79.2 ISt.^OO 685.0(10

S. 6',«J 523,100 !18.4!I0 2,»I0.«00

1,917.;00 S9,700 153.900 9)4,40079^300 11,700 2<6 9Jl) ? 61 ,800

;n.:6i.iou 679.000 1 (61.000 6.92 MtOao.2ii.wo Wi,700 1,711.300 7.2.8.500

4,50l.-«10 91.100 »T.100 2.71)),SOO

S.2l«1,l(0 125,!C0 500.100 3,9* .Too

l.!-6S,300 17.400 S (.600 1,961.400

S.«3.800 5 9.W0 211,900 2,3IO.JrO

2.S'*'.4[0 176.600 Til. '00 2,917,410

1,310.9002.JM.700

1.W0 180.900 1.C8T.100f«.«0 SW.OOO 2.115,100

8.416.700 K.SOO (33.400 2.330,700

3.141.000 37.000 406.100 2.. 37.000

12.S»3.0uo 1,099.000 1,(14,000 9,2:7,100i.roi.Too 53.300 '8«.\I00 1.613,700

s.m.'.oo 47,700 3S9.6UO 1103,52.«I.90C ise.too 851.600 '2.215.000

i.l!«.4'J0 52.61C 311.500 1.076,010

4.157.900 ;03.3JC (y«Joo 2.V31,1(0

2 9H,VX1 74.700 317.(00 1.1^2.100

S,l39.'i00 82.400 e»7.( l« 2,199,»()0

1.845.100 4.600 lai.ouu l.MJOO1.714.IHO 105,000 4'S.OOO 1,* S,ruo

15.:66.1l-0 Mi.un s rso.too <.5.f51,800

IJ.6«;.I(W 1,3J8.«0) 1 ta.smt IJ.537.800

l,ii«9.l,'U0 2O,bO0 308.300 fsauwTiS.noc S,^*) 131,400 « 2.1(1)

914,?00 16.400 10-.10C C'l 0,

6i;uoo 19,7011 1 7.P00 6J7.'.«0

582,800 1.100 I'SMIO 4^1.4(0

l,'5.O4'.:i'0 364.700 2.760.' 00 li,4lX<J0«

7.5ii«.00C 133,310 I.SII.OOO «,4I1,OCO

1.68H.0OO 441 era l.TH.lOO

4.r;7.iioo 1S5.1I0O 1,'.29.6(0 4 630,»I0

P,23l.900 I.OIO.'HX) 675.4(0 5,'<ra,' 00

5,611.4(0 STS.SrO i.77.rOO

1.: 90.3:0 34.300 il'.MOO 912,100

1.2Ti>.500 21 :.500 V.S.700 97<.3n0

I.'Ul.O'O 4,100 240.(X» 9;7.(O0

l.l'.'S.llOO 3J3.0<0',1.63l,tO0 802.700 36.3.000 2.6S7fl»

i,;9i.ooo 4, '.00 211,300 1,215,700

Clrcnla-tlOB.UTJOO9J00

803.700370.000

i'.3oiuiffx

TJTJOO

4I9.KIO492,300UtfiM193,0002.T0O

34«,«lia

80,10043.5(0tinsm

MI300tejmmooo

9,900

vfiHA114.60OISJWO188300

3.900IM.IOO«99,S(IO

713,0004.MU

:8o.(oo

60,000803.300

193.400

I.ai7'i661,190.0001SS.0(«

45,00«49ji0090,0'iO

i4«.3C'0

320.0001SO,OUO

Total i:T.6»».'iOO «2-.5.6O3,9U0 113.931,000 I4'.,61S,400 Ii0:.«)0,300 tl<.IW,S0O

"No report ; tame as last week.The deviations from the returns of tbe previous week are as

follows: . .»,««.«Loans nec.»IJO«,E0O|SetDeppslti.. .JnclS^SJOspecie .. .D«c. 9:!.4,«i Circulation .....Dee. J-'*LegalTenders Inc. 8,46s4X)l r

Page 14: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

490 fin/! THE CHRONl^LK (Ma 20, wre.

Boaton Banka—B«Iow we give a etatement of the BostonNational Banks, as returned to the Clearing House on Monday,May 15, 1876:

Banka. Capltnl. Loana.Atlantic »;(VOu ll.8W.aiOAtlaa 1/01,0 27S0.90JBlarkatone 3,uuO,01U 4.46I.9C0Boaton l.'tOlXO 2.139.100Rorlatou.. W/M' I'iHr-OnBrond»«y 800,000 8'l.OiWCe-ilral gwi.ooj wu lOOColumbian l.aJO.OjO 2,1o7,60OCoiitiuent.ll t,»(i,(iOi 2,0i«,<0aBllot :,OOU.00O 2.41(1,200Kverett „.. 40ii,«10 1,013. OJFaneall Hali l.uiO.OOi i^iSti'.OOFreemanV MO.OOO l,ci;0,:0O6i«be •. LOV-OUO 8,M4.;00Hamlllun 790.000 l,6;i.*X)Howard 1.000,000 !,31V,UC0Mannfacturera* MO.UM 1.018600Market Siifl.iiuO 1 .'S4,'0i»

Maasacliuietta HO,oto 1,88 .;ooHaverlck 410.00 8,137,^00Merchandlae SOOJW KH ,1K10

Merchantb' S.OdO.UO 8,815,600Metropolitan SOO.WiO 83n.t00Mount Vernon 2Uj IW 6^7.900New linKlaail lOOi.OO 7,33.i,5 oNorth I0v0,'Ai0 2, '8.1,^60

OidBoaroo 800.000 2.U3S.40OBbawmnt I.OOO.UU) J,«li',600Blioe and Leather 1.00(',OUI S,4'.3.U0OBute a.aoow s.is.scoBullolk l,5OJ.00J 3,3*!.^U0Tradera' lOa.OO MB,oiX)Treiliout S,(0',«)0 3.8l«, (10

WaahlDgton ISO.OlX) 1,735.600rirat I,COO«W 3,939,000Second 1,600.000 4.367,s;00Third iOOJOO 1,071.010Fourth 200,000 i;i.i(aBank of roniinerce 2n0-j00 f,403,iooBank of N. America.... 1.000,000 2,3!B.90OHani of Itedempllon... l,00O,('0O 5,40,500Bankof 'hi Kppubllc. . l.'iOO.OCO 3..'8(i,lliO

Commonwealtb sto.ooo 3,091,luoCity lOOO.OOU I,>6I,200Bagle 1,OiiO.OOJ l,3li,9C0Kiihange 1,000000 6,!'O7,70OHide and Leather 1.5OD.0OO S,6u,5H)Eevere 2,00OCOO 4,70li,»0OBecurlty 200.000 852,«»union i,roooo 2,545,400Webater I S00,0tO 2,33li,eoO

Bnecle. L.T.Note«.Dero«ltl(Vl.SOU »»,«» MIS.IltO11.500 101,71)0 I,013.«06,200 312,600 2,f6;.7r»I4.^0) 131 ,9:0 i6-..t0J

2,800 70,000 621.900.... 19,0<0 1 9.0.0

33,100 4i|i.60O

42 3^0 15;,700 1,4,600n,jt«i lOi.SCO 8J 1,61011.100 104.200 885 .8001.200 83.-.00 581,(005,f00 I47,fO) 1.378.100a.vno 55 COO 519.,>00

SO.OOi) 2.'5.70i) I.IU NO84.5110 31.900 59«,»OJI6.SC0 97,700 1,1)43.90(1

8.6 ;fl 55,310 5.'6,5a)»,«« 63,',00 S90,liOO

»2.«10 1611,200 l.S6i,;00ST.EOJ ltO.400 1.653.200

?8,8ro 821,300SII,JOO sa.fo 3,91;'JOO

62.900 5iS,300e,yoo 58,100 876,tOJ13.400 54<03 6J5.3<-0

11.SIM 136,80J l,'.9j.70i

5(,70) 187,110 9a 1,300K.tliO 98,200 1.09i,2002i,llt) 235,(00 1,2211,500

2.40O 23,10) lIll.JOO

li.-OU 1SS,400 98t>,700

li,6J0 71.S00 81S,IOO76. 00 67,900 si'.eno9,310 90,:KI0 «:oooo4fO li!8,aX) i.o.o.:oo

1CS.900 i6«,;oo 1.621>,50O

47,500 65,100 9S0,1I05.0(10 99,;co

SSO.dilO 238,100 2.3(18 800I.SUO 2liO,6(i« 1.(04 900

63,900 S4S.100 1,Ml .600170300 90^.300

48,000 405.1100 1,990.30014,710 33,6 4i4.50Oi,«0 119,iW 818,^0

811.900 78iS00 1,9S'',2(0iri,400 1194,«)0 7n>, 002V00 2)7,700 1,827.6(04,0,10 76,100 753,' (10

6,100 111.100 9 '3,t00UAOO 58,- 00 59J, 00

rircnl.tl4l2<.<0

410.600732.600.583.f00B.'O.'iO)

15V0'a27.:oo770.aoO»69.;00781,;ilC

206,.'0,l

625,610331.1100

179.0(0230.800

443,9ujI4;,)(KI4>.0

45,000353,'«I0

88,3011,7;3.200

45,000ITO.iOO655.11

411.6309.4003S6,',00

764 90J781,200667.101)

14',7i0r7O.60O894.000520 60047MI04S ».10

45,0011

425,300556.1005: 5 6019 S.OiiO

45,0004'.!6,;0'i

2:9,8(0•28.6 W961,^00577.0(41

179, (in

54 '.700

86;.-0U

8»«TO'«, P)<lL,\ORI.PHl%. Bte.-t.ontlam««.

aiODBmaa.

.11,350,000 13J.B47,(00 1,865,611 6,760,600 53,155,900 22,758,100

«i e.'oo•210.700

TotalThe total amount "due io other baiikg,-' hb per a.atenient of MaV 15, is f24!523i200The deviations from last week's returns are as follows:

Loana r)ecrea«e, $3^4.(00 i Deponlta De^reaaeBpeclo Deiireae. 102,0OJ L'lrcu ailon recreateL. Tender Notea Liecreiwe. 437,7(0

I

Tlie following are the totals for a series of weeks past

:

M-P,"*- .J!i°,?r!Li, ??J.''1S^ LeKaiTendera. Deposits, ulrcnlatlon.iJ»»l I29,S52.S0n 1,894,201 7 314,8(0 ,18 062.400 22.743 4110M»y8 13 ,'.91,100 1968,600 7,;9S,S0O 5I,«S2,<C0 22 975.'roH»yl5 ISO.S.7.000 1,866,6J0 6,760,600 58.456,900 22,758.300

Phlladelpbia Banka—The following is the average (»n-dition of the PhiladelpLia National Banks for the week precedincMoaday, May 15, 1876:

u , ^ . , Total net™.., ?^"!!?- Capl'a'. Liana. Specie. L. Tender. Deponts.Phllsilelphla $!.5O0000 $3 6.0 000 $14.%00O »9!B,0.'0 f),0:0.000~"

1,000,000 4 661,00) 51.000 1, 8i,000 S.iS7,000:',000000 6, 32,-,00 129,00 1,1.-1,600 5,401100810 000 2,(71,000 ;)00) 505,000 16-1000tOO.OOO l,"(iO,000 61,000 241.400 1 104 lOO

, fOO.OOi 2,614,000 6.600 575.000 2.16,000. 2 0000 1.4-",f63 5,045 f40495 1.176311,

2rO,flOJ 1,004,0,0 .... 15,000 189,932. 500.000 I,v6^4f9 1,000 8n,19i 845,1)68

'00,000 1.'0',I67 43,09! 457,176 ^ll^il?1,00 ,000 2,687,000 .... SOJ.OOO l!742,000

.10,0 79..193 2.(i9» 135 048 5S1.66S,1,000 000 4,150,000 «J,000 719000 8, 9i000, 200.000 1,417,000 9,000 298,000 10i5;000

!00,IOO 1,125,927 ll,10i 2S8.S52 167411400.000 1561.9117 .... 252,4-0 1,C03 ;6-!

.ifOOOO 816,000 .... 146000 S,8.iOO

, 600,000 1,906.000 ".5,114 816,000 2 110000103000 l,i21000 10.000 341,000 1 (71 (Kid

1,000.000 4.,i56,000 19,000 988,000 4,069 001)300000 961,000 .... 2SJ,000 fsuxmISO,' 00 551,000 . . 114,000 425,000260,000 719,000 1,000 84,000 4v2 0002:5000 1,121,000 .... 212,000 905,0007'0.0(iO 4,72M'00 20.000 1161.000 4.-235,0E00,000 1,9 5,000 3,80U 381.' 00 9610iSOOOO 6 5,00

J

.... 112,00) 401240000 343,000 ..,. 92,000 231,000

raiLADBLPHIA.rfATa AND OITT BOlTDa.

PennarlTanlaSa, gold, lut. rardo do cur. Tar.do (i, 10-15 1877-82do do 15-2.1. *92

Fblladelpbla <a, eld, leglei'o.do 6a, new do

A.Uesbeny Countv Sa, coapon.ntttburit4t, 1913

do 5i, 1913do 68. fcio'd, various...do 78,Watei Ln, vartinsdo 78.Slreet Imp., '83-86

New Jersey 6s, Exenipts. var.Cam len Coaniy 6a, various....Camden City 64 do

do 79, doDelaware 6s, doHarrUbJrgCltyea, do

BAILBOAD BTOOKB.Camden A Atlantic

do do pref...Catawlsaa

do pretdo New pref

Pe'avare & Bound Brook.Bast I'ennsylvanlaKlmlraia sViUlauisport. ..

glmlra2k Wllllamsport pref..UnntlngJon* Broad Top ..

do do prefLehigh ValleyUttleSchnylklUMuehlllNea<)nehonlng ValleyNorrlatownNorth l*i-nnBylvanlaPenLsyivanlaPnlladelptila & EriePhlladelphlaft HeadingPhiladelphia & TrentonPhlla,, wilmlmr.* Baltimore,United N . J . CompanteaWestChi'Sterconeoi. pretWeitJeraev

OANAI. BTOOKa.Delaware DlvialcnLehlgb NavigationUorria

do prefBeliaylklll Navigation

do pref

24orth Aiiierlc „„„Farmer..' a.id Mechanics' -,000 000CommercialMeclianicfa*Bank of N. LiberiesSontbwarkKensingtonrennWesternHannfU'-tnrera'Bank of Commerce..,

• HlrardTradesmeu'eCoD8oll,.ationCiiyCommon uealthCor u KxchauMeTTnlonFirstThirdBiilhSeventhKIghihCentralBank- o( Kepnb.lc...Securitycenienulal

Circu-lation,JiJO.OOO797.00(1

i,ooo.a«i627,000215.6.-1I

ilS.OOO1S6,3»7217.010222,420233.3 ;o

53^,0002 791S90.000181,0002:0 000316,61021,1.0. «)

271.05090,000

;9i,ooo261,000145.100219.010246.00052 i 00(1

6 00018000.1

45,1X0

ToUI ...^ 16,4;i,0OO 61,'i23,757 593/63 13,018,517 48,3;7,50; 10,411412ibe deviations from the returnsof previous week are as follows-

t"*"' I'ec. $198,9.9I

Denosl's I„o. «i-98,-i2i

JSt^"^^—J— •.;""-• 17,-03 Circulation.... inc 4;3i0LegalTeode- NotfB Da.;. 239,01''

fj,. ....The following are the totals for a series of weeks past:

»™ii*Jf' 'i°1^,':^ »n-cl-. Legall'anaeia. lienoalts. Clrnnlafn*t>r»,i< 6'.394513 403.65 13,0i3,925 47 C4 ,772 lOSs". 'oi»'»y'

fi'^l'.-?'? *'i-^^ 13.175120 47,9«J9 KvlM^yS 61.222.736 677.760 13,2j?.r5J 4« 0.'9 235 10F81052I_n.0.'3,757 59,1.563 13,048,517 4S.8:7 50S lumm

BATLBOAD BOXDB.Allegheny Val. 7 3-lOa. ;89« ....

do 7s E. Kxt.,1910do Inc. 7send,'94..

Belvldere Delaware.lst m,«,'77

do do 2d M. 6s,'B5

do do 3d M.6s,'87Camden 4k Amboy. 68, '83...

Jo do 6s, '89....

do do mort. 6e,*89,

Cam. 4k Atlan. 1st m, 78, g. 19(13

do 2d do78, c. 188(1

Cam. s Burlington Co. 68, '97.

Catawissa, new7«. 19('C

Cayuga Lake let m. it. 711, 1901

Uotinectlnif 6s 1900-1904

Dan..H &WllkB,l8tln.,7e,'STD.-laware mort. 68, variousBast Penn.lstnort. 78, '88

E1.& Wmapoit.lst m. 7b. '80.

do do Ss.perpHarrlshnrg '.at mort. 6a, '83...

H.* B. T.lBtmort.7s,'9n....do 2d mort. 7s, '95...

do 3d m. con8.7B.'SSIthaca* Athens K.78.'90'...jonccioo 1st mort.68, *82

do 2d do 1900...

Lehigh Valley, 68, con,, 1N98.

do do do reg. 1898..

do do do 7s. 1910

do do con.m. 68 19 3LIttleSchoylkm.iBtM.,7. 1877.

Northern Pacific 7 3-lOs. 19iO».North Penn. lstm,6s,'85

2dm.7B,'9«

•.04H113

1(914

10-iik

106),104

52X

99S50

44>i

62"

184X

44X

134

i2>l

;(MHllSk

109)i

107

106X

710S-m">)S3

52K100

50)4

£2X1«

4ik

SBOVBITtBB.

BALTimORB.Marvland 6e, rtelence, J. ft .J..

do 6#, exempt, 1887do 6»,1J'90, quarterly...•I0 5s, quarterly

I3H

itox

48"

.01

1(9

95

lu^X

104

104"

lis'

4UlOJ

10710!.><

lOlM100>414

lOo

lOoX102)1

May 15..

(lU0Ta'i:iU3IS IK HUSTIIIH. PIllHmSLPIIU ANU UrilElt CITIBS

8EOURIT1R8.

BOSTON.MalneiaNew Hampshire, 68yermont 68Ma8aachusetts68, Qold

do 58, QoldBoston 68, Currency

do 58, goldChicago Sewerage 7s

do Municipal 7sPortland 68Atch.2b Topekalst m.7s .. ..

do land Kt. 7sdo 2d 7s

^ do land inc. 128..Boston & Albany 7sBoston & Maine 78Barllngton* Mo. Neb. 88, 1894

_ do do NcS. 8b, 1883.ButernMass.. 7siBd. Cln. ft Laf. 7s, :S69 ..

do equipment lOs,do funded debt 7i

Ocdensburgft LaKeCh.bsOld Col. ft Newport Bds, 7, TI.Ritland, new 78Verm'tCen., 1st M.,con8.,7,'8«

du 2l. Mort., 7, 1891*»rmofit A Can., new. 88

109XHo

103^

82k7ex

iiiji

8K0UBITIE8.

'83.Vermont ft MaaB., utM. C,

BT00K8.Boston ft Albany stock .. ..Boston A Lowell stockBoston ft MaineBoston ft Providence....Burllnuton ft Mo. in Nebraska(;ne8nlre preferredChlcazu.Bur. ft (^iiincy. ..Uln., Sandusky ft Clev. stock.ConcordConnecticut River '."!'.'.

Connecticut ft Passumpalc, pf'Kaatern (Mass.)BasternfNew Hampshire)...!fttchburgManctieBter ft Lawrence.,.!.!*Nashuaft LowellSorthern ot New HampBhire..Sorwicbft WorceBterOgdenB.ft L.ChamplaIn

do do pre!..OldColony ;.. .

fort., Saco ft PortamouthKutland common

do preferredVermont ft CanadaVem.ont A MassachnsettaWorcester ft Nashua

134

6095

;4«H

tl7X

•X

lais126

lc8X

98V119

lis

9X

124V

70

12»X30

l'9X6.H

30

dodo chattel M. lOs 1677do gen. M. 78, coup., 1903

Oil Cr'k s Ale. K , ci n.7B,'88*.

Oil creek 1st m . 7s, '82. .

Pennft N. Y.C.ftR K 78.'9«-1906.

Pennsylvania, iBt M.,6,1H80...-lo gen. m. 68 1910, coupdo gen.m.,68 reg., i9io;iOfl

do cons. m. 64. reg., 1905Perklomen Ist tn.6B,*97Phlia. ft Srie Ist m. 68, '81

do 2d m.7s.'88Philadelphia ft Ueadlng6s, '80

do do 7b, '93

do deb. bonds. '93

do g. m.78,c. 1911

do do reK.1911do new cony. 78, ISg,*-

doCoal ft I.Co m. ,7s. '92-':

Phlla.. Wilm. ft Bait. 6f. 18-4.,

Pltl».,Cln.ft St. Louis 78, '90.

Shamokin V. ft Pottsv. 78, 1!*'.

Steubenvllle ft Indiana 78. '84

Stony Creek. Ist m., 78, 19C7..,Banbury ft Erie Ist m.78, '77..

United N. J. c ns. m. 6s, 94.,Warren & F. Istm. is,'96 . ..,

Westchester conB.:s.*91. ..,

West Jersey 1st m.6s, '96

do do 78, '.397....

Western Penn. RK. 66. 1593...do do 68Pb'96

Wllm. ft Kuad.,lst M.,7, 190il'.

do do 2d Mort. 1902OAKAL BONDS

Delaware Division 68, ^SLeh igh Navigation 68. '8t

do KR.'97...do deb.Ti...do coiiv.,*82do eonv., g,'94.

do gold. '97

Morris, boat loan, rex., 18-S..Pannsylvanla6s,1910BchuylklilNav. 1st m.6B,'97..

do 2d m.,6e,1907do m. 6b, '95

do 6B,lmp.,'80...do 6s, b,.atftcar,19l8do is. l>oatft car.1915do scrip

Suaquehanna <B, 7894

In default oMnterest.

0605

9 H103 •»

707

«

Its"

1(6'

100

9n50

113

104

1(4H

Baltimore 6b, 1831, quarterly...do 6b,18S6, J. ft Jdo 6<, 1890. quarterly...do 68,Park I091, (J—M.do 68,1-93. M. ft sdo 68.exempt,'93,.M.ftSdo 6s. 1900, J. ft Jdo «e, 1902, do

Norfolk Wat*'r,B8BAiLROAi) btoceb. Par.

Bait. 4 Oblo-8t. ck 100do Wash. Brunch. .100do Parkersburg Br. 50

Northern Central 50Western Karylani 50OntraK'hlo 50PitMbureh ft Connellsvllle. 50

BAILROAD BOND-'.Balt.ft Ohio 6s, ;^ai, J.& J..

do 6s. 18B5. A.4 O.N.W.Va..8d .M.(EnBr)'35, J.ft,T.Plltsb.ft Ccniiell8V.7B,'9e, doNorthern Central (8. 1885, do

do 6s,1900.A.ftO.do 6E,gold,1900, J ftj.

Cen. Ohio 6«, l.t M.,!890,M.48.W. Md. 68, Ist M.,(gr)'90, J.» J.

do IstM., fi90. J.ft .J..

do 2d M.. (gu«r.) J.ftJ.do 2d M.. (pref.)do 2'M.(gr,by (V.' o.)J.*J,do 68. StlM . (guar.) J.& J.

Mar. ft Cin. 78, K. • A., 1692.do 2d.M.ft N....do 88,3d, J. ft J....,

Union HR., ist guar.. J. ft J.,do Canton endorsed..MISCBLLANBOUB.

Baltimore Gas, certificate"...People's Gas ,

do Certlncates

ll'ASHINCTOV,murict of ColtimHa.

Perm, Imp.,6s,g, .l.ftj, 7891.do 78, 1691

Market Stock bonds, 7b. 1S92.Water Stock bonds 7e,1901,..

7s, 1908..,Wellington.

Ten year Bonds, t>s, 1878.

113

mK109Si:u

1C9X

!13

1C9X

Ask

;(3s.OS

702

9SX

95104 J<lOi

82

107

100),

SIS102

Fund , Loan (Cong ) 6 g, 1892.Fund. Loan (Leg). (is. g, 1902..Cei II. of Block r7i'28) 56, at pleat

" (i84:!)68,atplea>Ches. ft O.st'k ('47) 68, at pleas.

Georgetown,General ttock, 8.-, '.881

do 68. at pleaiiurePounty stock. 68. doMarket stock, 68, doBoard of Public Worka—Cers. Gen. Imp. St, 1871

do 1875do 1876do 1877 ....

do 1878do Series

Certlflcates, Sewer. 8a, 1871-77

Water Certificates, 8s, 1877...

1«1X108

Its

40

I04)(

lOBKliM*

700K102X99

102K

103X10074

91

73

l(3jk

CINCINNATI.Cincinnati Sa

110 do *s106 do 78

do 7-30BCincinnati Bonth'n RR. 7.30s •

Ham.Co.,UhIo6p.c.iong bds.do do 7 p.c.,1 to5yrs.do do Igbd8,7 ft'f.30e

CIn. ft Cov.Bridge aiock, prefdo bondB. long,

OIX cln, nam.ft D..lstM.,'!, BO...

do do 2d M.,7, 'BS...15 do do 3dM.,8,'n...

107 Cln.. Ham. ft Ind.76 guarCin. ft Indiana, Ist M.,7

do do 2d M.,7, 1877..Oolum.,ft Xenla, 1st M.,7, '90.

Daytonft Mich., iBt M.,7 81..

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

do do 8dM„7, -es..

do To'do dep. bds, 7", '81-'94.

Oayton ft West., Ist M., 1881...

Jo do iBt M,, 1905..

do do 1st M., 6, 1906.Ind., Cln. ft Laf., Ist M.,7do (I.ftC.)lstM.,7,18E

Little Miami, 6, 1883Cln, Ham. ft Oayton stock, .

.

Columbus ft XenlastockDayton ft Michigan stock ...

do 8 p. c.st'kguarLittle Miami stock

LOUISVILLE.LoulB vlllo 78 102KLouisville 68. '82 to '87 Viy,

do 6B,'97to'98 92Xdo Watei 68, '8710*89.. 92Xdo Water Stock 68, '97. 92 Sdo Wharf6s ?2Hdo special tax 6s of *89. 92S

leir., Mad.ft I,lstM.(IftM)7, '81

do do 2d M.,7,do do Ist M.,7,1MK....

LoulBT.C.*Lei.,lstM..7, '97.

; oula. ft Fr'k., Ist M. ,6, 'iO-'78.

do LoulBV. Loan. 6. '81

L. ftNa8h.lstM.(m.8.) '.,'77..

do Lou. I,oan(m.8.)6, •8*-'87

do do (Leb.Br.)6,'3«do lBtM.<Leb.br.ex)7.'80-'85do Loa.L'n(Leb.br.ex)6,'9Sdo CouBOl.lst M.,7, 1898...

Jetrarson., Mad. ft InilLoalBr.,Cin.ft Lex..pref

do do commonLonUrlUe ft Nashville

ST. LOUIS.3t Lonls 6s, Long BondB • 102X lOSX

40 Wateres golddo do do (new),do Bridge Approach g. 68do Renewal gold 68 '

do Sewer g. 68 (duo'9I.2-3)'St LouisCo. new Park g.6t..*

do c'y, 7sAt ft Pacific guar, land granu

do 2d M.

• And interest.

Page 15: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

Mvf 20, l5.6j THE GHBONIGLE 491

GENERAL QUOTATIONS OP STOCKSU, 8, Bond* and active Railroad IStoekt art quoted on a pretiou* page.

AND BONDS IN NEW YORK.Price* repreetnt th* per etnt talus, tthatevtr the par may be

BXCUBITIK0.

S«,1S88Sa. M.& E. RB..ee, Ala. & Ch.R.8eof I8KSt of 1893

State Bonda.Alalum* ft, :88)

do ie, I8Mdodododododo

ArkanBas-It, funded71, L. B. * Ft. S. Ian....

'•.MempliU *I.. B.....7»,t.K.P. B. *N. O...XMlH. O. « K. R.Ja.Ark. Cent. BH

Conttectfcut toOwrgla «•

do '"», new bonds' do "tt, endorsed. ...

* do 78, gold bonds...Indiana 98 a^"'niinols 68, coupon, 1877. .

,

do do li>7t...

do WarloanKentDckyCsLouisiana Cs

Bid. Ask.

dododododododo

6s,

68,!s.

6b, new6k, tloatlnsdeht7h, Penitentiary68, Icvee8s, duH8, do 187588, of 1910

Michigan 6», :e79-79do 6«, 1BS.1

"lo "8, 18

UlSBOurl 68. due IS79.. ..

do do 1877do do 1S78.. ..

Long bonds, due 'fi-'30.

Funding, due 18J4-5. . .

Asylum or Tin., due 1692.

Han. & St. Jo8., due 1(176.

do do I8S6.

do do 1837.

Kew York State-Bounty Loan, reg

do coup6a, Canal Loan, IS7I..

6e, do 1878...6b, gold, reg 1857...68, do coup.. ?887. .

68, do loan. ..1883...68. do do . 1891...

do do . 1893...do do ISM...do do .1876. .

Uorth Carolina—6a,aId.J.<iJdo A.& ON.C.BU .L&.J..

do .. ..A.& Odo coup, off, .J. & Jdo do off. A.& O.

Funding act, 866do 18«8

New bonds, J. & Jdo A. 4

Special tax. Class 1

do Class ido Class 8

Ohlo«s,1881do 68. 886Rhode Island 68South Carolina—«sJan. A JulyAprll& OctFunding act, 1866LandC. 18>9, J. & JLand C. 1889, A. & 0....780f 1688Non-fundablo bonds ..

Tennessee 68, olddo 68. newdo f8, new series.

Texas lOs of 1676Virginia—

6a, old6s, new bonds, l^fe68. do 1867.. ..

68, consul, bonds68. ex matured coup. ..

Cs, consol.. 2d series68, deferred bonds.. ..

District nf rnlnmblaS.658Railroad Stocks.

(Actire 1^1 >' i'iisty iittot'd.)

Albanv A- SusQUclianna.

,

Central I'aclftcChicago & Alton

do prefChic. Bur. & Qulncy.. ..

Clevc. Col. Cln.& I.

Cleve. & I'lttsburg. guar..Dubuque & Sioux City.Erie prefIndlanap. CIn. & LafJoHet & (')ilcagoLong lsl'>ndMorris & KsscxMissouri Kansas & Texas,New Jersey Southern ....N. Y. New Haven & Hart.Ohio & Mlfslss'ppl, prefPitts. Ft. W. * Ch.. guar.,

do do special.Rensselaer & SaratogaRome Watertown A Og.81. Louis Alton & T. H ..._do do pref.Belleville & So. III., pref..Terre Haute & Ind'polls .

Toledo Peoria & Warsaw.Toledo Wab. & W., pref..Warreamscel'onit Stock*.Am. DlBlrlel Telegraph.Canton Co.. Baltimoreent.N'..I.I,nnd& Im.Co.

Delaware & lIudsOH Can'lAmerican Coal . . ...Consolldat'n C oal of Md.Mariposa L. ft M.Co

do do pref.Cumberland Coal & Iron.Maryland CoalPennsylvania Coal .......Sprlntr Mountain <:oalRailroad Bondn,

iSUH.t Esrhini'je J*ricen )Albany It, Susq., Ist bonds

do 2d dodo 3d do

Boat. Hart. Sl E., Ist morl.

103105lOS

•ooxinu.

Iloaton Hartf. A Krie. guarBur. C. Kaplds & Minn., Ist7s,gCbesapeak<- it Ohio 6s, lat m.

do ex coupChicago ft Alton sinking fuud.

do 1st mortdo Income... .

Joltet &. Clilcago, iHt mort.LouIslHtia A Mo., Ist m., guarSt.Louls Jack.ft Chlc.Istm.

Chic. Bur. ft 6. » p. c, Ist ui.do do consol. m. 7s

Chicago. Rk. Island ft Paclflcdo S. F. Inc. 6«, 'II

Ceatrtil of N. J., lat m., new.

.

do do iBt consoldo do con. conv. .

Lehigh ft Wllces B.con.guarAjn. I)oek ft Improve, bondw

Ch. Mil. ft St. P. 1st m. 8s, P.I)

l^105).

102)i

11.S

lis118110

464«II777

"ilOK113lOS

106«

106105«

dodododododododadodo

dodododododododododo

idm.7 3.1i), do78, gold, V. v..lst7sJi: dolat HI., La C. D.Istm., I.ftM.U.Istm., I. ft I)

litm., H. &I>.I8tm.,c.ft M..1st m., consol..2d m. do

Chic, ft N. Western sink. fund.dodododododo

dodododododo

40M

loa116111• lOHU811010510^

loaxvan

11%Int. bonds. ,,„,,-consol. bds "«Hext'n bds.l8t mort..cp.gld.bds.reg. do

Iowa Midland, Ist mort. 88.Galena & Chicago ExtendedPeninsula lat mort., conv...Chic. & Milwaukee, !at mortWinona &, St. Petera, lat m..

do 2d mortC. C. C. ft Ind'a lat m. 7a, s. F.

do conaol. m. bondsDel. Lack, ft Western. Sd m . .

.

do do 7b, convMorris & Essex, 1st. m

8434454335

•i

4:%

313173««»«

"m70S

imi

mi

10s

1^

444>i434^

e7)i40

93H

sa

105

107M

102HlOv-'

103

iOTii

do 2d mortdo bonds. 1900...do constructiondo 7s, of 1871...do Ist con. guar

Eric, 1st mort., extended,

do do endorseddo 2d mort., 78, 1819do Sd do 7s, 1883do 4th do 7s, 18do Sth do 78,1888do 7s, cons., mort.. gold bdsdo Long Dock bondsBnlf. N. Y. ft E, 1st. m., 1877..

.

do do large bds. .

Han. ft St. Jo., land grants ...

do 88, conv. mort.Illinois Central—Dubuque ft Sioux Clty,lst m.

do do 2d div.Cedar F. ft Minn., Ist mort.

.

Indlanap. Bl. ft W., Ist mort.do do 2d mort.

Lake Shore-Mich. So. 7 p. c. 2d raortMich S. ft N. Ind.. S.F.. 7 p.c.Cleve. ft Tol. Mnking fund

do new bonds . .

.

Cleve. P'yille ft Ash..'old bdsdo do new bds.

Detroit Monroeft Tol. bonds 103Buffalo ft Erie, new bonds... 102Buffalo ft State Line "s |1U3Kalamazoo ft W. Ilgeon, IstLake Shore DIv. bonds .

.

do Cons. coup.. Ist.

do Cons, reg., 1st..do Cons, coup., 2d..do Cons, reg., 2d

Marietta ft CIn. Ist mortMich. Cent., consol. 7s, 190i.,..

do ist m. 88, 1882, a. f.

do equipment bonds.New Jersey Southern 1st m. 78

do do consol. 7i

N. Y. Central 6s, IBSSdo 6s, 1687

do 6s, real estate..do 6s, subscriptiondo 78,1876do 78, conv., 18'6.

,

.

do ft Hudson, Ist m., coupdo do '8tm.,reL

Hudson IJ. 78. 2d m., s.f.. 1883Harlem, Ist luorl. 78,coup...

do do 78. reg....North Missouri, lat mortOhio ft Miss., consol. sink, fd '

104i

UOH

i'i»

io«

ue

'^

106

lOlJi106H107102104

103106«105I»5

100ma«o

I

102H

105«3«

106

107W

102«102H

lODnrtBi.

90

lOiM100>„

102H

100 100)4lllX.lUM

101)^1102104)i,105100 ....

.... 101)i,

ToL ft Wtb., Itt m. St.L.dlv..do 2d mortdo equlp't bonds.do con. convert...

Hannibal ft Naples, lat monGreat Western, Ist m., \fm.

Co 2d mort., IMCQnlncv ft Toledo, 1st m..'IO.llllnol* ft So. Iowa, Ist mortI,afayette Ill'n ft Mla<., ;st mHan. ft Cent. .Missouri, lat mPekin Linc'lnft Dec't'r.lstm

Boston ft N. V. Air Llue, Ist niCIn. Lafayette ft Chic, Ist mDel. ft Hudson Canal, 1st m.,'*do do \mdo do IS77do do coup. 7s, :6mdo do reg. ', 1891Long Island Kli., Ut mort. .

South Side, L. I., Ist m. bondsdo sink. fund...

Western Union Tel., l(UO,canpdo do reg

niacellaneoaa Llat.(Brokern' (jnatatiotut .)

OITlES.Albany, N. y., 6«BnRalo Water and ParkChicago 6j, long dates

do 7s, seweragedo 7s, waterdo 78, river Improvementdo Is. various

{.'leveiand 7«Detroit Water Works 7s.Elllabeth City, due '•!,. .

do due*65.,.Hartford 6sIndianapolis 7.30sLong Ifland CityNewark City78 ,

do Watcr7»OswegoPoughkeepsle WaterRocliester City Water bd«., '»3.

Toledo '..30»

Yonkera Water.due 19?9

RAILROADS.Atchlpon ft P. Peak, 6-, gold.'.A'l 'ntic ft Pacific L. O. i s, gldAtchison ft NebrsBka, 3 p. c.

.

Bur. ft Mo. Klv., land m. 7s..,do 2d S., do la...do 3d S., do 81 .

do 4thS.,do8)....do 5ihS..do88...,do 6thS.,do8s....

Bur. C. It. A M. (M. dlv.) g. 78,Cairo* Fulton, Ist la. gold...California Pac. Hit., Is, gold .

.

do 6s, 2dm. rCanada Southern. Istm

do with Int. certlfsCentral Pacific, 78, gold, convCentral of Iowa Istm. 78. gold,do do 2d m., Ts, goldi

Keokuk ft St. Paul 8s ... \>-Carthage ft Bur. 88 I a .

Dlxou Pi orlaft Han. 88.. r^^O. (). ft Fox n. Valley 8s. Pi =Oulney * Warsaw 88. .. !*"IlllnolB Grand Trunk f S "Chic. Dub. ft Minn. 88 .. =1Peoria ft Hannibal 1!. Ss..

" '

Chicago ft Iowa I{. 88 ... I

—"American Central 88 .. .j5Chic. & S'thwestern 78, guar.

.

Chesapeake ft 0.2d m.. gold 7sChicago Clinton ft Dub. 8s.Chic, ft Can. South istm. g. 7s.Ch. D. ft V. I. dlv.. istm, 5. 78.Chic. Danv. ft Vincen's 78, gldCol. ft Hock V. Ist 8, 30 years,

do l8t 7s, 10 years,do Jd 7s. 20 years..

Connecticut Valley 7sConnecticut Western 8178Chicago & Mich. Lake Shore ,

Dan. frb. Bl. ft P. Ist m. 7s,

M I

IJOH

lORlOH

ew<

(CODtiTiaa.

119lie

lib'

IH

40

18H

114

270OS

106^1069^

do consolidated....do 2d dodo iBt Spring, dlr..

Paclflc Railroads-Central Paclflc gold bonds .

do San Joaquin branchdo Cal. & Oregon iBtdo State Aid ootids. .,

do Land Orant bonda.Western Pacific bonda. ..

Union Pacific, Ist mort. b'dado Land ffrants. ^s.do Sloklnpr fund...

Atlantic & Pacific hind gr. mSouth Pac. r.R. bd8. of MoPacific K. of Mo.. 1st mort.

do IstCbfon'tBdo 3d mort

Penn. RR—Pitts. Ft. W. A Chic. Tst m.

do do 2d m

.

do do 3dm.Cleve. & Pitts., consol.. s.f.

do 4th mortCoL Chic. & Ind. C, Ist mort

do do 2d mortRome Watert'n & Og.,con. IstSt. L. & Iron Mountain, Ifit m.

do do 2d m..St. L. Alton & T. H.—Alton & T. H.. l8t mort .. . 100

do Vd mort., pref. . B2^do 2d mort. Inc'me 09

BelleTlIIe & S. III.K. Ist m. 8sTol. PeortftA Warsaw, E. D...

do do W. D..do do Bur. Dlv.do do 3d mort..do do consol. Is

Tol. Wab. A. Western—Tol. A Wabash, l&t m. extend

70

83

00105OU

91

77

119J«no)

ib«1044010

101

116)i

lOSJi

107112

1041104)104)104UOM11299100106H

10010

115105106112103108

40

«2X

Des Moines ft Ft. Dodge Ist fi.'Det. Hill-dale ft In. Kli. 88 .. 1....Detroit ft Bay City 8s. guar. .......Detroit Eel liiver ft III. 8» ....Det. Lans. ft Lake M. Ist m. 83I 26

do 8dm. 88.'

Dutchess ft Columbia 78 1 12Denver Paeltlc 78. gold I 80Denver ft lilo Grande :>. gold. 60Eransvlllcft Crawfordsv., 78..I 95Erie ft Pittsburgh l»t 78 85

do !d78 78do Ta. equip..,!—

EvansvllleHen.ft Nashv. Is.. 35Evansvllle, T. H. ft Chic. 78. g. 75Flint Perc M. ^s. Land grant.?.' »2i

Fort W., Jackson ft Sag. 88 ...Orand K. ft Ind. Ist '.s, gu .r.

.

do 1st L. G. ^s...do UtexL. G. 78

Grand Wver Valley 88Hon.. * Texas C. Ist 7s. gold.,

do consol. bds..Indlanap. ft VIncen. IstTs. gr,.Iowa.Falls ft Sioux C. Ist.s...Indianapolis ft St. Louis .s ...Houston & Gt. North. 1st :8,g.International vTeiaa) :ttg ..Int. H. ft G. N. conv. 88Jackson Laua. ft Sag. Psof 85.Kansas Pac. ;s extension, gold

do 78, land grant, glddo '8, do new. glddo 68,gld, Juneft Decdo 6s, do Feb. ft Augdo .7s, :8'6, land grantdo "a. Leaven, br'nchdo Incoraca, No. li.

105 do do No. 16.,

43X do Stock14 Kalamazoo ft South H. 8s, gr.

.

90 Kal. Alleghan. ft G. I!. Ss, gr..102 Kansas City ft Cameron Us..8 Kan.C.St. Jo.andC.B.Fsof •SS

do do 8 of "98

Keokuk ft Des Moines l>t 78do funded Int. 88do pref. stock..

L. Out. Shore RR. Ist m. g. 78Lake Sup. ft Miss, 'at Is. gold:Leav. Atch. ft N. W. 7s. guar,.iLeav, Law, A Gal. 1st m,, lOs.Logans. Craw, ft S. W. 8a, gldjMlchigan Air Line 88.Montlcello ft P, Jcrvls 7s, gld.

I Moulclair Ist ;s, gold

Mo. Kansas ft Texas '.%, gold

.

Mo. K. Ft. S.ftUDlf 1st m. leado do 7d m. lOs

N. Haven MIddiefn ft W. 7a. .

N.J. Midland 1st 7s, golddo 2d 7s

New Jersey* N. Y. :s,gold...N. Y. ft Otw. Mid. Ist U, gold,

do 3d 7s, conv.North. Pac. Ist m. gld. 1 S-IO ..

OmaJis ft Southwestern lUC. ttOswego ft Itome 7s, guar ,,..Peoria IVkIn ft J. 1st mortPeoria ft Hock L 7s, goldPort Huron A L. M. 7a, g. end.Pullman Palae« Car Co. atock.

do bdt., 8b, sth seriesItockf. 11. 1. A St. L. Ist 7s, gldIfondout ft Oswego Ts.gola...Hloux Clly ft Pacinc6<Southern Minn, cunstmc. 8a...

do isSt. Jo. ft C. Bl. Ist mort. lOa, ,

,

do do 8 p. c,

Sandnakr Nana, ft Newark '.s.

St. Louis Vandalla * T. H. Ist.

do 2d, guarSt. L. ft So*eaatem lat 7b, gold.St. L. ft I.Mt, lArk, Br.lTs, g.Southern Central of N, Y. la,.Union ft Logansport :b

Union Pacinc, So. branch, 6a,gWalklll Valley Ist .s. gold....West Wisconsin 1s, goldWisconsin Valiev 8s

Sk>utbcrn Securltlea.iJJioktri^ Ou'itatloi.t

)

STATES.I..oulslana new consol. TaSouth Carolina new consol. 6a.Texas state ?s, 1892 (flat)

do 7b, gold ,..,,

do lusoflS8l..do K'S, pension

OITI£S.Atlanta. Ga., 7s

do esAugusta, Qa., 7b, bonds.Charleston stock 6«I iharleston. S. C. 78, F. L. bds.Columbia, S. C, 6si;olumbu8, (ia., 78, bondsI,--^

Bid.

Lynchburg 68\ia<5on s,bonds.vicmphls old bonda, 6b

do new bonds, 6« . .....do end., M. ft C. UK ...

Mobile ta (coups, on)do 8s (coups, on)

.Montgomery 88SaahvlUe 68, old

do (8. newNew Orleans 58

do consol. 6ado bonds, 7sdo gld. 7s, quarterlydo lOa... .. ,,

do to railroads, 6s. .

.

Norfolk raPetersburg 6aUlchmond f 8Savannah 78, old

do 7s, newWilmington, N. C, 6s. gold....

do 8s, gold...BAIUtOAD^.

Als. ft Chatt. Ist m. 8s. end. .

.

.Ua.ft Tenn. RIv. 1st mort 7s.do 2d mort. 7a ..

Atlantic ft Gulf , consoldo end. Savan*lido stockdo do guar..

Carolina Central 1st m.es, g.

.

Central Georgia conaol. m. 7ado stock

Charlotte Col. ft A. ]8t M. 78.do do stock...

Charleston ft Savannah 6s, endSavannah ft Char. Ist M.

'

Cheraw ft Darlington 7sEast Tenn. ft »;eorgla 68.East Tenn. ft Va. 6s, end. TennE. Tenn. Va. ft Ga. Ist m. 78..do do stock

Georgia RR. 78do stock

Greenville ft Col. 7s, guardo 78. certlf..

Macon ft Brunswick end. 78..Macon ft Augusta bonds

do endorseddo stock

Memphis ft Charleston Ist 78.

,

do rd78..,do stock..

Memphis ft Little Pock 1st m.MIssLslppl Central Ist m 's .

do 2d m. 3s,,.Mississippi ft Tenn. Ist m. 78..

.do conaol. 8a.Montgomery ft West P. lat 8s.

do do IncomeMont, ft Enfaula tst 88, g., endMobile ft Ohio sterling ..

I do do ex certlf.do 88, Interestdo 2d mort. 8sdo stock. ....

N. Orleans ft Jacks. Ist mdo certlf'8 8j.

NashvUIe ft Chattanooga 68Norfolk ft Petersburg Ist m. 8a

do,„ do .2d m. 88Ifortheastern, 8. C, tst m. 8s.

do Sd m. 88.Orange ft Alexandria, Ists, 68

do '.Sds.is..

do Sd8.8s...do 4ths.Ss..

RlchrnM ft Petersb'g 1st ni. 78.

Rich. Fre'ksb'g ft Poto. 68do do conv. 7a

Rich, ft Danv. Ist consbl. 6a. .

.

Southwest KK., Ga., 1st mS. Carolina BR. Ist m. .a, new.

do 68do 7b....do stock

West Alabamans, guarPAST DOE COaPONS.

Tennessee Slate ouponsSouth Carolina consolVirginia coupons

do consol. coup,«Memphla CUy.Uoapona

»°ws

ii'a

iS«so70

HIM

Mao71

(W

ft*ISsom10«e17Bla

m

17M

eolOHlO'i

106)4

798385SS07

738080403730903D10»703S433S34S3as7S8S94

M101

68H86110104

107M

808688S778«80DO86604S464040808080404840

757SM)SOes70sa511008685

80SO6

'80

56806090

264040SS10

•w7080

8670

»808078909051DO6

90

488736ftntw

I

«80909786867880

1»BS4375801090SOB74li

801640

908080OSeo100806663lis90

fg86961306Mas90•«9B«0SS434390IS

tw8*90933888UI8990

Hi6i90100

'?J1009eB«96896

SO9S40ttt:

90

Page 16: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

492 THE CHRONICLE. (May 20, 1876,

NEW YORK LOCA'. SRGURITIES.

Bank Stoek Lint.

. COXPANIXB.

Marked ttiua ci ar*^

notNattonaf.

Amerlea*American Exchange.BoweryBroadwayBairaHead*Batchera * DroTcr* .

.

CentralChatham-ChemicalCitizens*CityCommerceCommercialOaotlnentalCora Axchaniee*CarreacyDry Goods*Bast RiverBleventh Ward'FifthFifth Ayenne'FiratFourthFaltonGallatinGerman American*..German Exchange*...Gsrmanla*Greenwich*G«iod Central'.,Grocers*HanoverHarlem*Importers' A Traders*.IryljrnIsland City*I<«i'her Manofactrs...lioaners'*Manhattan*Manul. A Merchants*.MarineMarket,MechanicsMech. Bkg Asso'tlon..Mechanics A Tradera..MercantileJferchantsMerchants' Ex.........Metropolis*MetropolitanMurray Hill*Nassan*NewTorkNew York CountyN Y.Nat.Eichange..N.r. Gold Exchange*NinthNorth America*North Rivet*Orlenui*Facillc*ParkPeoples*PhenixProduce*RepublicSt. Nicholas

;

Seventh WardBecondShoe and LeatherSixthState oIN.Tork(new)TenthThird

:

Tradesmen'sDnlonWest Side*

Par Amoant

8,000.lWl

5J)00.00«290 UOO

1,OCO.«1020e;UCIO

300,0002,000,000

4SU,llO0

SOO,(W(KW.OIC

1,000,000

10,000.000ICO.OOO

1,500,0001,000 000100,000

1,000,000850,000::oO,0OO

150,000lOIMOJ500.00;

g 000.000600.00CI

1 500.00(1

1000,0002(10,000

200,000200,000100,000300,000

1 OOO.IOi»2,;oo

1500,OU500,000101,0(0too.ooo500,1 KXi

2 05i),0ll0

300.000400,000

I,0OO.0OC

2.000,000500,000600,000

1,000,000

3.100,0001,000,000500,000

4.000.0002LIO,000

1,000,000

S.000,000200,000500,(KX)

500,0001.500,0001.000,000400,0!'«

300,000422.700

2,000,0004:2,500

1,800.000250,000

2,000J»01,000,000800,000300.000

1,000,000200.000600,OfK)

500,000l,f«0,000

1,000,0001,500,000200.000

DiVIDIHDS,

Periods. iri4 m; Last Paid.

J. A J.M.AN.J. A J.•l.A J.M. AS.J. A,l.J. A J..1. A J.ev. 2 mosJ. A J.*-FJTA J.

J. A J.F.AA.J. A J.J. A J.J. A J.J. A J.(J-J.

J.&J.M.AN.A.AO.F.AA..M.&K.M.A!«.M.AN.M.AN.J. A J..1. A J..M.A8.J. A J.J. A J.

j.'a'.t;K.AA.F.AAJ. A J.J. A J..I.A J.J. A J.M.AN.M.A>.M.AN..I.A J.J.AJ.J. A J.J.AJ.A.AO.M.AN.J.AJ.J.&J.J.AJ.J.AJ.J.AJ.J.AJ.J.AJ.J.AJ.Q-F.J.AJ.J.AJ.J AJ.

F.AA.F.AA.J.AJ.J.AJ.J.AJ.J.AJ.M.AN.J.AJ.J.AJ.J.AJ.M.AN,J.AJ.

1il

U8

12-!63

71020

10s

81410

"n8X10

'ii'

10'.0

7X10a8

4

810

88

10

13

71212121018S

I**1010s

Jaa.3,'78...5M«y i,*7«.3k.Ian. 8, '76..

6

•Ian. 3, IS..*Sept.!. "75. .5

Jau. 3, •7(j...5.

Jan. 3,'7«,..4•lan.S. *7«.

May 1, "79 ,is

Jau. 3. 76.. .4

May I. '76...

5

Jan. 10, 76 3),

Ja"nr5."'7e'.!!3Feb. l,-76.,.5July 1, '74.. .4

Jan. 10,'ro,2sJan. 8, '76...

4

Jan. y, *76 ..3

Jnlyl.75.2M

Joiy'lVVsV.'.SJan 3, '76...

4

Mayl,*76.,-rApl. 1, ',6. ,4

Feb.l,'7»...fiMays, '76...

«

May, 8,'76...7

Dec. l,>75..eo

7«10

10114

"i8

•jj-

1212107

Jan. 3, "76...

4

Jan. 3, "76.. S.Mcl..l,'75..4Jan.l,*76...7Jau.s, "Te...!

.!a'\."STi.V.'6Peb.l-.!.'74 8HFeb. 10.~6..5Julyl.'7."i..3>i

Jan. 3, '76.. .5

Jan. 3, '76...

4

.Jan.3,'7'>...5May !. '76 ..9May 1, *:«..5vlay 1, '76. .4

Ian. 3. '76 ..4Jan. S,'76...4Ian 3,*76.3UJan. 3, •76, ..6Oct. ;,':5. .4

Maylo,"«SXJaii.3,*76...6Jnlyl,'7S...7Jan.8,'76.8),May, •73.. .5

.lan.S. '76.. 3J*n.3.*76 8HJuly], •74J«Jan.3.'7s...6May 1,~6...

Jan.S.'76...5Jan. 8. •78...

5

J«n S.'76.3XJulylS,'74.3XFeb. 8. •75. 4

Feb. 14 -76. .4

Jan. 3. '76. ..3

Jan. 3. '76.. .7Jai. 3,76.. .6Jan.l,-7'i...4Sov.l0.'75..4Jan.2'7).2>lBJan. 8.'76-. 4

Jan. 3.'76...5iMay 1,'76..5llao. l.*7o..4

lM>i

12^X

;l6)i

74"

iii"

ICO

ics"

Inaaranee Stock List,

Ga« and City R.R. Stocks and Bonds.[Quotations by Charles Otis. Broker, 47 Exchange Place. I

Gas Cohfakies.

Brooklyn Gas Light CoCitizens' Qaa Co (Bklyn„ do certillcatesHarlemJersey City A HobokenManhattanMetropolitan

do certillcatesdo b nil

Mntual.lT. Y ..".,

ITasaan. Brooklyn_ ^do scripHew York „People's (Brooklyn)_ do do bondsWestchester County

CertillcatesBonds

Williamsburgdo scrip.. -

BltKter st.it PuUonFerTij—tivKi

Par

"25

20

Amount. Periods.

2,000,0001.200.000 q^j!820.l«0 A.AO.

501 1,850,000 F.AA.20 386,000 J.AJ.50 4,000,000 J.AJ.100 2,:00J)00 M.A6.

1.000.000 M.AS500,000 J.AJ.

100 5 000,000'25 IJXBJMO

7lO,0C0 M.AN.m 4,000,000 M.AV.10 1,000,000 J.AJ.

.. . 625,000 F.AA.so 466,000

.... 21,000 J. AJ.9U 1,000,000 J.AJ.

.... 1000,000 J.* J.

Last Bid.divlaend.

5 Jan., *7(

2H Jan.. '76

SX4

555

7

75

7

^nr.,Feb.,Jan.,May,May;

'76.

';6.

'75.

*76.

•76.

Apr.:Jan.

"*76-

Jan.Jan.,

•76.

76

Jan., "•761

'AiK- •761

uo

91'.4<

_lstmortfl^weeau JkiMroadwat/a Siimik Aii^iaci

'.

iBt mortgagen CT<y—stock '.'..'.Brooklyn c..,

1st mortgageBroaiaay (Sroottim)—stockanoUnn <t Hunter't ft—stock..

.

1st mortgage bondsCSftJroirt.lr. .t B. mrer-stock1st mortgage, coDEoliUited

CArislM>A<r <t7enM street—stockVtruy/uand S Broofn—in mortIhv Z)cek, E B. itBMUrv—ttock

let mortgage, cons^dSlffktfi Avenue—stock

1st mortca^e«2<1 SI. it Ornna SI /«rr»—stock..

iBt mort cageCentral Cyo«« iotrn- stockI8t mortgage

Mnth iioenue—stockIst mortgage

Second Av*nwt—ttX)ei..1st morteage2d mortgage8d mortKaifeCiini. Convertible

j

Simi .1 A'tmie- stock I

tst mortgagen'm .^eenue—stock

I>« mortgage7"vnty.|Air3tl<re<(-stocgIstmortgage

100lOOO100lOOC

:o1000100•.00

10001001000

iooo100

1661000too

1000100

10«'

100100010'

I00(<

lOiOioni

1000KW100010(

IOOO100UOf

wio,aoo694,000

2,100,0001,600,0002,000,000300,000200/KO401,000300,000

1,8(0,0001,200.000650 000807,000

1,200,000MWJJOO

1,000,000203,000748,000286,000560,000300,000797,3-'0

•xnMO1,!M,SOO350,000200,000150,000617,10075O,00C415,000

2,000,0002 000,000600,000250,000

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

J.AJ,

J.'ad'.

J.AJ.Q-F.

J. ADJ.AJ.J.AJ.M.AN.A.AO.

J.AJ.

J.A d".

F.AA.A.AO.M.AN.M.AN.J.AJ.

jTaj.J A J,MAN.

Jan., 761884

.Vay. ^76

1872.Tan.. 76O-L.-iS

1877May. -le

JuiV^76

May.' Hi1871

Apr.,"7618771876188518S8

May, •76

li»0May, ^76

IKWJan.,'76

731001(0K88240100',40

Itl

(QnotaUons by K. S. Bailit, broker, 69 Wall street.)

CoarANiis, Par Amotmt.

AdriaticJJtnaAmericanAmerican Ezch*e..imity..ArcticAtlanticUowery ..

Brewers' A M'lsVreBroaiwayBrooklynCitiaens^.CityClintonColumbiacommerce Fire

CommercialContinentalKagleEmpire CityEmporiumExchangeFarragntFiremen'sKlremen'sFund

Firemen^B Trust...GebbardGerman-American(termaniaGlobeGreenwichGuarantyGuardian..HamiltonHanoverHofltaianHomeHopeHowardImporters'A Trad..Irving....JeffersonKings Co. (Bklyn)KnickerbockerLafayette (B^klyn)Lamai. . '

LenoxLonglBland(Bkly.)LorillardManufABuUders'.ManhattanMech.ATrad'rB'....Mechanic8'(Bkljn)MercantileMerchanlB'MetropolitanMonUuk(B'klyn).Nassau (B'klyn)...NationalN. Y. Equitable....New York Fire ...

N. Y. A ionkerB..NlaearaNorth paverPacificParkPeter Cooper. . .

.

People'sPhenix (B^kltn) ..

Produce ExchangeKelicf[tenubllc ....

Kiogewood....;....ResoluteBntgere^SaleguardSt.NlcholaaStandardStarSterlingStuyvesantTradesmen^B(Tnlted statesWeBtchej>terWHliamsbnrirCllv

231035010010020SO251002517

2070:ooSO1005(1

10040too

IW)3('

5f

17

1010ICWIOC

505025110100:s

505i>

10025SO5C=

lOl

SO204050100255025

10(1

10025605050fO5050

37M35iOOlOt!

50252510020'

5050mi50100101IOO

25IOO2550100IOO2525251050

200.0f0suo.oou4<10.000

200,0002i«,aio2011.000

200,0003(0,0002«l.0(<l

200,000153,000SOO,UIO210,000250,000300,(100

200,000200,000

1,000,000.100,000

2(K1,000200,(110

200,010200,0(020^,000150,000150,000200,000

1,0(0,(0(1

500,00020^,0002(0.000KO.WO200,000150,000600.000200,000

3,100.000150.000500.0002(i(i,()00

200,000200,010150,000280,0(0150,000200,0(0150,000200,000300,000200.0002.'iO,000

200,000150,000200,000200,000300.0002(0,(100

200,000200,000210,000200,000200,0005(0.(00360.000200.(1(0

2(0.100150.000150,000

1,000,000VOlVOO200,000300,000200.1x0200.0002(0,00(1

20(1,000

200,000200,000200,0002(0.000200,000150.000250,0(0S'O.OOO250.000

Nkt btTBPLUS,

Jaw. 1.

iS76.*

8S,6i'6

62,580S;n,9786S,0i3•.3,148

I3,t6i>

IS3,05'423,6:226,144

801,595239,16731.6.3%217..149

192,24739,75435,850169,315

600,2225,0,05914l,<iSS

!0,48513:,812146,('60

116,1»'

83,563)U,02921,326

609,705616,lfO153,09^325,791

i.rsi

55,6i9114,867392,1599-,453

8».<,723

48,590198,571

102,2(640,992137,019213,7:271,'.-.!1

1-5,814

117,5(«86.978

186,675103,2S8155,024282,425320,899171,39765,603184,27625,865132,077275,859119,I6i339,082214 ,01 (

36,536457,298187,1124

391,655176,221'

225,567141,040785,6S»21,s0474,8358S,94S83,68023,iV75

22S,958

lc6.31649,94515;.7S4125,244M,153

176,0 r,

I89,>f78

261,511wo.ise374,106

18T2 1373 1874 1875 Last Paid. Bid. Aakd

i>IVlDKKP6. Pkioi.

Jan.. "76. .5

Jan'7a.l2)<Jan., '76..

7

Jan. ,'76. .5

Jan. ,'76. .4

Jan., '76. .5

Jan.. '76..

5

Dec. ,"75.15

Jan., •76.,!

Feb.,'76.1(lJan. •76.10

Jan. ,•76.. 10feb., •76. 1(1

.lan.,^76.:0J«n.,^76..5Jan., '76. .5

J«n., '76.15

Jan. '76.5.60

Apr., '76.15

Jan. ,'76 .7

Ian., "76. .5

Jan., '76 10

Jan.,'76.7XJan. ,'76. .8

Jan ,•76. .6

Jan., •76. .6!• b..'76..!Jan.,'76..Jan. ,•76.1

JaD..^76..i-Ja3.,^76.i0

14 18 .10

16 M 2012 14 IK

10 10 10

10 5 10

9X 11

in

20 20 ,05 111

10 10 11

15V 6 IS

10 5 lU10 10 1U12 13 1614 111 1014 11 14

10 10 101(1 10 12

15

1010!1

10•0

an1011-6

H^10

202016

1020

Ian.. '76..

5

Jan.,7b."~

.lao.,^76. .-

Jan. ,"76..

5

Jan., •76..,

Jan., •76. .5

Jan.,^76...6Jaii.,^Ti..6Jan. ,'76..

5

V(rh.,"76..5Jan .•76,11

JaTl.,*76..6Ian., •76 11

J«n.,^.5..5Jaa.,^76..5Jan , 76.10Jan., '76..

5

Jan.,'76. .5

.Ian., ^76..

7

Jan.,'7«.-»iJan., •76,10

Jan.,'76..5Jan., '76.10

Jan., '76. .5

|j.n., '76.10Jan., -6.15Jan., '76..?

'an. ,'76.10

Feb, ,'76.10

Jan..'76..5Jan..^76..SApr. ,"76..

6

Jan ,•76.10Jan.,^78.ir,Jan. .•76.1(1

.Ian., 76.10Jan,, •76,1!'

J«n.,^76..5.Ian.,^764an.,^76. _

Jan.. ^76. ,6

.lai.,^76Feb., •76.15

Ja'„^76.7)4eb "

7b..!0 ICO5 714

90105

E5175115

171

.- NJan. ,•76.5.6

Jan.,^7fi7HFeb ,^76 .S

Jan., •76.10

Jan., 76.11Jan ,'76..^

Feb.. '76. .5

Jan.. •76.10

It)175

iii"1S7X253

1«1S7HlUU9SDC

iw

• Over all liabilities, inclodlng re-insurance, capital and proSt scrip.

Cttr Secnrltlc*.[Quotations by Dawiii, A. UoRAN, Broker, 40 Wall Street.]

•Ihis coiuoku buuws last divlaend un nockt, also date ot w»'.xttnj of tonds,

J/ea York:Water stock 1841-68.

do 1B54-57.Croton waterstock. .1815-51.

do do ..1952-60.

Croton Agued'ct stock. 1866.do plpeB and raalnsdo rcBervoir bonds

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

Dock bonds 1870.do U75.

Floating debt stock 1860.Market stock 1865-68.SsldlerB'ald fund 1863.

Improvement stock 1869do (o 1869.

ConBoliiated bonds var.Street Imp . stock' var,

do do .......Tar.Nfw ConsolidatedWestchester County

Jersey VUy:Water loan 186247.

do longdo 1869-71

Sewerage bonds 1866-66.AaaesBment bonds... 1870-71.Improvemtnt bondsBergen bonds 1S68-69.

Brooklyn- [Quotations by VLocal Improvement—Citv bonds

do _Park bonds

,

Water loan bondsBrldeebonds*i^ater loanOty bottdaKings Co. bonds

do do•All Broo'ilyn bonda flat.

INTBRKBT.

Months Payable.

Feb., May Aag.ANov.do dodo dodo dodo do

May A Kovember.Feb. .May Aog.ANov.

do dodo do

May A November.

Feb.,May, Aug.A Nov.May A Hovcoher.

do dodo dodo dodo dodo dodo do

Junary A Jnly.

Jann'ary AJuiy.do do

Jan., May, Jnly A Nov.

Jannary and July.

BxBBB, Jr., Broker, 3K

Janiutry A July,do dodo dodo dodo doQo dodo do

May A Nove>n)>er.40 do

Bondsdne.

1877-801877-791890

1883-901884-19111884-19001907-111877-981877-951901190S1878

1894-9718761889

1879-9019011888

1S7M318961891

18771895

1899-190!1876-791876-911905

1876-1900

Wall St.]

1876-801881-95191.5-24

19081915

19a2-19(U1881-951880-881380

Bid. Ask."

99 100nil MB96 n1('2S 1(C

1I2M 1011'2 118im Id*96 97100 IIW118 1191(8 W*lom >•!117 lis•:m1(H 1051(8 117114 lit

102H 1€t

1041, \m113 114

106 Kn

97 n96 n107H lOt1(0 101

100 m107 X mnlOS w»«

101 MM107 in116S us1<« 12U

1:4 11T"6 in104 IM107 III

1U8 u«

Page 17: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

May 20, it 76.] THE CHKONICLE. 49a

3noc0tmcnt0AND

STATE. CITY AND CORPOBATION FINANCES.

The " Inveitore' Supplement" Is published on the last Saturday

of each month, and furnished to all regular Babscribera o( the

Chkoniclk. No single copies of the Supplement are sold at the

office, as only a sufficient number is printed to supply regular

subscribers.

Wi.

annuaIj reports.

Railroads in PeiinsylTania.

From advance sheets of the Sate Auditor's report we glean

information of value to the railroad public. The system re-

ported on, covers 7,010.39 miles of main and 1,807.71 miles

of branch railroads, or a total of 8,874.21 miles. Connected

with and auxiliary to this mileage, there were at the clofe

of 1875 1,615.95 miles of second-track and 2,831.26 miles of

sidings, turnouts, &c. The total length of track to be main-

tained is therefore 13,320.42 miles. Of this length. 2,829.84

miles are laid with steel rail. About one-fifth of the whole

coneiete of extensions into or from adjoining States. To complete

existing linf s or lines under construction, there is in project or

progress 1,308.64 miles of road, which is represented in the capital

accounts of the companies affected thereby.

In the following tables the aggregates of the years 1874 and

1875 are compared

:

"^

1S7<. 1815.

Mainline 8.8S9.87 "H>SS" ^

Branchllnee ''IHSl \^ V^lll •SefOLd tracks: 1.806.S8 " l,815.i(5

BWlDgV. ............. «.'ra3J4•' 8^1^"

Total Byetemin nfc 1«,916.98 m. 13.8il.42 m.Main line in Pennsylvania ^OS.Dl '•

<-^l,H1 ','

Bleeltracks 2,ri8.14" S,8.'9.8 •

Main line in progress 1,056.69 m. l,3t9.M "

From this it appears that the completed main track of the sys-

tem, increased by 185.63 miles, the branih track by 10.07 miles,

the second track by 9 67 miles, and the sidings by 98.12 miles.

The increase in steel tracks was 90.70 miles ; the length of line

in progress is increased by 312.92 miles.

The equipment of the above railroads at the same periods com-

pares as follows

:

•^1874. 1675.

Ijocomotive engines 4,100 4.075

Passenger cars, flrst-claes 1,'>81 1,611

I^ssenger cars, second-clan ^8 3id

Baggage, &C., cars 669 783

FrFlphtcars.. M.lftl ^3,0I^

Coal and ore cars ....'i9,839 87,446

The " locomotives" were very nearly " stationary" as to num-ber. Tlie same may be said 91 the ordinary passenger, bag-

gage and freight cars collectively. In the number of coal and

ore cars, however, there is the material increase of 7i,007, or

nearly 10 per cent.

The financial condition of the aggregate companies, at the close

of 1874 and 1875, is shown in the following figures

:

1874. 1675.

Btoctpaldnp $466,534,933 J48S.*6,495Tnndeddcbt. 487,967,918 479.469,071!

FloaUngdebt 35,150,435 30,714,461

ToUl capital $949,653,376

Cost of works 714.701,627$992,310,088751,290,394

Balance, employed in other ways $!8I,951.549 $211,099,634

showing an increase in the total capital of $62,736,652,-6.74per cent ; and, in the total cost, of $6,588,567, — 0.69 per cent.

The capital stock has been most largly increased in the follow-

ing roads

:

1874. 1875. Increase.

Delaware Uckawanna A Western $53,500,000 $25,8*9,000 $2,389,000

Lehigh Valley 24,419,250 27.0»S,!iO0 2,82.3,650

North Pennsylvania 3,150,(00 3,978,160 828,150

Philadelphia *,Erie 6,048,700 8,448,700 2,400,000

Total $57,117,950 $65,368,760 $8,840,800

The total increase of stock is $15,671,572, so that more than

half the increase has been made by the four companies as above.

The increase in the funded debt is larger, being $51,501,154.

The largest contributors to this increase were the following

UTS.40.7t2,Mr7«,»4&,W»

Passenger* carried 4J,»T,15J

Tonuage carried 8D,671.IMT

The tonnage was clawlfied aa follows :

Anthracite coal M.W.CMBlluinlnoas coal 10,414.167

Anthri^clte and bitnmlnoas coal 4,OM.0aOPoiroleam I.HI,MtIron, pig 1,168,416

Iron, railroad 8M.W8Iron, other, and easting* I.IMIIMIron and other ores ••••».•••. CiS0,tfl6

Lime, stotie and slate •.. ..'... SJSl.ill

Aciiiultural pruilucllons t,W!,VOMerchandise nnd manafactnrM 4,4^4,775

Liv.. stock u ^ l.M7,"«7

Lumber 6,916,141

Other article* 6.147,831

The financial results of operations, to many the most impoiUa^'.

pan of the railroad movement, for the years 1874 and 187{t«r-stated comparatively in the annexed tabulations, the mileage 1

operation having been materially the same in both years:

r,445,iTr

l,6Se,<M>.'

y)i,»»

t,«ni,6M*.661,0tt.6,ooT,s«a-*,m^;»t^

8,ldt,M».6,MMak

1874.

Passenger •*''''S?'S!Freight. 101,488,821

Kailand express 8.712,884

Useefcars l.HT.OM)

Mlicellaueoas 3.2t6,965

Total grossetrnlugs $ia7,446,Mt

Road-way.. •«*-l*''^Machinery "•»»-i™OpeniUng 41.M1,700

Total gross expenses $8*,940,10S

ISW.$u,9or,tifr«4,«l7.7m3,a>i4,iat.

40J98,96&.

$TTJ)l«JMl>

,52.4«^7jNet earning* •**'*%*?2Expenses, per cent 60 34

As shown, the gross earnings decreased from $137,446,344 fk$130,013,815, or by $7,432,529, equal to 541 percent; and tW.operating expenses from $82,940,105 to $77,516,040. or by,

$5,424,059, equal to 6-40 per cent. The decrease in net earmnglk.i

amounted to $2,008,470, or 369 per cent.

Schuylkill Navigation Company.

(For the'year ending December 31, 1875.)

The annual report contained the following

:

Balance to the credit of the general income account, Jan. 1, 1875 $I8,MI^

INCOME FOR TBB TEAR 1875.

Rent payable by the Philadelphia & Reading Railroad Company *^'^S^Interest and disconnts received *•''**

Total $707,41*.

CHAROES IN 187S.

Interest on loans, notes and bonds •.• '^•JJJDividends In January and July, 1S75 7»JtTaxes on divideads •

RrattSalaries of offlccra. ?'!3iKent of office and current expense*... •.•••Ti.— "::'1^\L

''**'•

Interest and penalties paid to the United State* IB the »nlt wHD ^^^William B. Elliott, Collector KJ^

Total $628jiter

Balance to the credit of the general Income acconat, Jan. 1, 1879 $79,33»'

Out of this balance, dividends of sixty cents per sliare on th»-

preferred stock and thirty cents ner share on the common stock.-

were declared January 8, 1876, clear of taxes.

These dividends amount to '^JoJI^And the 8wte taxes thereon will b«... ^''**

Taking $<7,«g.

And leaving a credit to the general Income acconntof. $313*^

The temporary loan of the company is now practically pr^ -

Tided for by the lecnrities held by the company, but it is deemed^

best to wait a more favorable state of the market for their realiak-

tion. The works of the company have been kept in good ord^and repair by the lessees, and they have in all respects faithfaSjf

complied with the obligations of the lease.

STATE or TBI OOKPANT, JANUARY 1, 18T8.

Debitt.

Common stock .*?J^'Im P^^Preferred stock 2'iM M5 8?Mort/sge and •ther loan* ' S'!^ jaTemporary loans i?T'«i« orInterest on loans "a™ SDividends unpaid . j.. •

«mt «<»

n.iaan.

1S74.

Allegheny Valley $17,461,000

Atlantic A Great Western 67,2i0.f93

Brie 45.676,814

Lehigh Valley 16,850,000

Northern Central 18,499,0^

North Pennsylvania '•'?S''92Pennsylvania «,290,600Pennsylvania * Western ••••

Philadelphia & Krl* l«,»5S,0f0

PUladelpbla & Reading 51,074,883

1875. Increase.$20,767,900 $1,906,90068,nw4.811 1.773,919

84,571.814 8 695,00022,129,000 6,87(',000

14,384.000 885.0006.825,500 495.500

5l,219,7ii0 9,929,160

6,000,000 6,000,000

17,6^0,000 1,4'28.000

56,128,1X6 2,053,123

Total $8S0,5»,190 $319,400,791 $38,815,601

The Lehigh Valley and the North Penn. constructed important

lines. The Pennsylvania has been " improving" its property, and

the saiie may be said of the P. & E. and P & R. The Delaware

Lackawanna & Western has decreased Its own funded debt, by

ledemption and conversion, from $6,951,200 to $2,831,100.

The operations of the roads in the two years are shown in the

following summary

:

1874. 1875.

Passenger train miles ?1'?2I'2^2 SI'IH'SI^Freight train miles 5a,M8,31« KMJMl

Total train miles 73,443,704 71,626,435

Debto due to sundry personsContingent on sinking fond-" •

Balance to the credit of the general iDCome aecoont.

Total$:l,»73,885 t»

Cash on hand •,-.— • "S'S il:Stocks and loans held by the Presiaent In tmst wSi S

1,419 ««S6,«asaft:

Rent due by rhiladelphia & Reading Railroad Company..Debts due by sundry persons j ••,-,.;• "i: jPhiladelphia A Readin';Co. for contingent and "jnklv "»«u»;;

General charges, heing"th« amount now charged for the work*

and estates of the company leased to the Phuadelphia* Read- „_-_-•,.ing Kailroad Company H.7H,^> ea^

Total • ..•»".9'»^««

Borne W«t«rtowH * Ogdensbniir B«lli»M.

(For the year ending Dee. 31, 1875.)

The recent annual report has the following

:

.... »"The road was commenced in 1848, and first openttel throa^Ifc

from Rome to Cape Vincent in 1852, which with 1675 bothiDcltt-

sive, make up the twenty-four years of iU existence, "he first dim- .

dend was in 1852, since which not a single year has paswjd '"»ho«*^.

dividends beinglpaid, amounting in the agpn-pate to 189 P®'«*«^on the capital stock. The gross sum paid in dividends ntiringtBjak -

time is $2,819,304 55, or an average of 8 per cent per•J'"""'^" "^

whole period. Of this sum there was paid in cash $2,853,619 .Oj^

Page 18: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

491 THE CHRONICLE. [May 20, 1876.

and an additiooal gam in stock of the compen; amouDiing to

$476,683 48. tbe same having been issued to represent to tiiat

.

extent the bonds of the conpany, paid off through the sinkingfund. We may also add that during the whole period no bond,coupon or other obligation of the company has become due with-'out being promptly paid on presentation, nor have tbe employees' of the company ever waited for their money one day beyond the

Tegular pay-day in each month. It is proper to say, in this con-nection, that the question of ability to pay a dividend at this time

( (Jan., 1876,) has not been affected in any degree by the purchaseof Additional property in tbe last two years." The annual report made to the State Engineer shows tbe loss

-of tonnage during the year to be as follows:

1874. 1875.Tons. Tons.

^FrodDCts of the foreat 95,573 TT.'iSt

fr^ducts of animals 84,8f3 IS.'ISO

Vexetaiile food 54,740 74,640Other afrriculiural product* S.S.'il n,*96Manutagtiires 66,816 47,997Merchandise 71.H91 30,3(4

OUiar articles 157,548 115,392

Total 4^3,981 370,633

Showing a deficiency in 1875 of 107,348 tons." The gross earnings for the fiscal year, as shown, are about the

-same as lor the previous year, but portions oi the Lake Shore

road have been worked auring construction ; and the earnings, as

well as the expenses, are included io the statement." We will not express too confidently the expectation of an

• immediate restoration of traffic, nor yet withhold the expression- of a belief, when our eastern and western connections are estab-

lished, and the business of the country restored to its normal^condition, that the average earnings per mile will come nearer to,

'if they do not exceed, the sum of .f 10,000 per mile. The road has

been well built ; the principal bridges and viaducts of iron ; tbe

buildings first class; engine bouses and shops of brick ; an exten-

sive water front and harbor property ; with more than sixty acres

of land at Oswego, besides other valuable real estate in that city

and elsewhere on the lin^.

" We have been, and are now, engaged In preparing suitable

«quipment, which, together with what can be spared from the

former road, will be 'juito sufficient for the present." The property now owned by this company originally belonged

to five difTerent corporations, to wit

:

Miles.Watertown & Kome—Rome to Watertown and Cape Viacent 97^Oswego & Rome—Oewego to Il'chland 29Potsdam & Watertown— Watertown to Potsdam Junction ft5)tf

Syracai^e & Northern—Syracuse to Sandy Creek 45Lake Ontario Shore—Oswego to Niagura IK)

Total 417

" In addition, there is about 50 miles of double and side tracks,spurs to mills, mines, &c.

" In the purchase of these properties, the sum paid in the aggre-gate is more than $5,000,000 less than the cost to the original

owners, which sum, in the reorganization and consolidation, is notat present represented by the issue either of sock or bonds.Whatever it shall prove to be worth in the future, it will belongto the stockholders of this company.

" Oa one point, and one of the first importance, we can speakwith full confideDce. The road, equipment and property have beenmore than fully niain'ained, so that the condition of the companyhas never before teen as good to do a large amount of business,and do it cheaply, as now. More than 2,000 tons of new iron, andabout 100,000 new ties, have been placed on the track. Morethan $40,000 has been expended in repairs of locomotives, and ina sufficient degree to the rest of the rolling stock."

INCOXE ACCOUNT TOR 1875.

Dr.Bxpenses, operating andmalntaiDlng^road.&taxdS $335,585

Interest and coupons 118,445•DlTtdend, Jan., '75.|;ll0,lt16

do July, '75, 94,428— 204.594do Oswego & Rome RR 24,ono

tl,2 .7,621

Cr.Balance from 1874 $110,659Earnings from

Passengers $433,463Freight 619,904U. S. mail-< 23,597Express, <&c 69,258Sinking fund.. . 31,601—1,167,624

Cash from fire loss 688Balance. .. 8,550

'ConBtrnction, equipment &real esute $4,872,.339

Wood land & David Uttley.. 1?,»01Purchase and constructionof Lake Shore & SyracuseNorthern Railroad 4,00D,658

Oswego Real estate 57,3JtOswego Bridge Co 875General supply account... 146,558Cash Securities—O«wego & Rome bonds,&c .. tlU,:i45

Bill* leccivable. .. 9,V83Cash due fromagents and U. 8. 19,563

Duefr'mJ.GraTes tOO— 141,991Balance 8,550

$1,287,624

BALANCE SHEET, DECEMBER 31, 3875.

Capitil stock idtued $3,147,600Funded debt $6,614,900Less 111 sink, fund 6:8,78i—5,986,114Bill payable 104.i85Unpaid dividends 8,570Sinking fund of O^dens-burgh & Rome RR 828

$9,217,199

improrements have been made upau the property during the pastyear.

In view of the lack of cooperation by the holders of quite anamount of the lower securities, in the funding plan, datetl March25, 1874, and of the unexpected decrease in the earnings of theroad, that plan has necessarily been abandoned, and no furtheraction is deemed advisable at this time.The earnings and expenses were as follows

:

From passcngeri $528,841From freight 746,665Frommail. 88.198From express and miacellatwoiM 49,060

TotalTotal expenses, exclusive of taxes and rentals $917,:

Fertaxus 60,005ForrenUls 33,C07

$1,362,7M

Total charged to operating expenses 1,010.631

Net earnines for 1875 351,869Proportion of expenses to earnings, exclusive «f rentals and taxes.. 67"35 p. c.

Proportion of expenses to earnings, including rentals and taxes. . . 74i8 p. c.

The operating expenses lor 1875 include aclass of expenditure,

which in former distributions has been charged to construction

account, the items of which amount to $24,895.During the year there was expended;

Account of construction $304,02^Account ol equipment 34,048

Total conslrnction and equipment $838,071

BUSINESS OF THE BOAB.Total nnmber Of passengers carried 3?.3,801

Total number cf passenger miles 12,9J8,031

Earnings from pastengers for 1875 8528,841

Earnings from passengers for 1874 538,324

Increase. $517

The number of tons of paying freight carried In 1875 was 342,471

Tons paying freight one mile 34,3^^,588

Rate per ton per mile i 17-ICO ct».

Freight earnings for year 1875 $746,685

Freight earnings lor year lt74 .^ 817,086

Decrease $70,420

The general manager's report says :

"Last year, owing to the failure of the crops in Southern Missouri

and Kansas, a large business was done between Iowa and KansasCity, in the first half of the year, in supplying that part of the

country with corn; there was also at the same time an unusually

large California travel. Owing to an almost entire failure of the

crops along our line of road, the earnings of the latte' half of the

year fell off greatly from those of the same period the year before,

and has caused a like falling off this spring. The prospect of

good crops this coming season warrants me in saying that the net

earnings of this year will fully equal those of 1875."

BAIiAKCE SHEET, JANUARY 1, 18.6.

Dr.To "Conslrnction Account." cost of 210 4-10 miles of road $9,317,526

To "Equipment Account," coat of equipment to January 1, 1876 ... 1,163,038

To material on hand for future use 62,723

To real estate in St. Joseph 49,248

To "DiscoU't Suspense Account" 29,687

To amount due fr^-m agents, connecting roads, and miscellaneousaccounts 817,908

To amounts due from United States Government 20,055

ToCash 1«.4«To Intel e£t on bonds and 3-year notes, in suspense 109,880

To "Income Account" 102,043

4

I

Or.

$11,082,484

789.413,'J09,0O0

14,87230,146

214.208119,684

6,031

$9,247,199

Kansas City St. Josepli & Council BlulTs Ballroad.

(For the year ending Dec. 81, 1875.)

The report says

:

The gross earnings show a decrease from those of the previousyear of $73,366. The operating expenses are increased, but theVercen'age of operating expenses should not blindly be acceptedas a criterion of the management, for its amount is dependent,not only upon the gross earnings, but also upon the actual condi-tion of the property and mode of keeping accounts. Important

By capital stock $'.

By bonded debt ^

By Burlington & Missouri Railroad CoBy " Land Account, *' proceeds of sale of land donated.By unpaid pay-rolls and accountsBy unpaid couponsBy Charles Mer'iam. TreasurerBy "Bills Payable." 3 years' notes, due Oct. 1, 1674, to June 1. 1875,

inclusive $305,000

Ten years' note», dneAprl'., May and June, 1684, issuedfor funded coupons from first mertgaye bonds 639,220

Note due July 31, 18 9, issued for real estate used for

shop and car pu poses at St. Joeeiih 45,000

"Notes and Acceptances," oBchort time W,9J7—1,002,1!T

$11,082,481

Boston Water Power Company.(For the year ending December 31, 1875.)

The annual meeting of the stockholders of tbe BostonWater Power Company was held recently. The Boston Pottreport says : Tbe Auditing Committee reported that they

find the payments correctly cast and properly vouched ; that

the balance of cash on hand in bank, and proper certifi-

cates of indebtedness, amounted to $44,588 25 ; that the

balances of accounts in stock ledger amounted to 64,875 shares

on April 20 at 2 P. M. Mr. W. B. Brown, the treasurer of the

corporation, submitted his annual report, in which he said the

year j ust closed had been in various ways an eventful one. Oneyear ago the company owed in unfunded debts, due on demand,$219,283 86, many of which had been protested and sued. To-

day the company had no unfunded debts, excepting an obligation

to pay certain mortgages held by various parties, amounting to

$35,006, which were secured on land of greater value than tbe

indebtedness, located on Huntington avenufc, and one of $9,000

secured by land on Northampton street worth double that sum.Some complications existing at the commencement of the year,

April 1st, 1875, have been finally settled ; and some claims the

corporation held against other parties have been adjusted, as it

is believed, on the whole, for the interest of the stockholders.

The only remaining matter of importance to be adjudicated is the

settlement to be made between the company and Nathan Matthews.

Page 19: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

May 20, 1876.] THE CHRONICLE 405

Pendiog negotiatioDR, u oieMurea of protection for the corpo-

nttioo, we bare been compelled to give public notice of the itop-

ptge of payment of all interest coupons on the bonds owned bySlatban MattUewfi, and have also forbidden the negotiation of

•oy ot our bonds owned by Mr. Matthews, thus endeavoring to

secure the equities existing uetween :his company and said

Matthews. We were also compelled, as a further measure of

protection for the corporation, to giTe timilar notice to apply to

the mortga(!;es wliich Mr. Matthews had agreed to pay on or

before Juoo 1, 1875, which lie has hitherto failed to do. Thesemeasures, though disagreeable to the directors, in view of in-

creased complications, were deemed imperative, in order to pro-

tect the interests of the corporation. The report closed with tho

following financial statement of the standing of the company onthe 31st of March : Assets, real estate, 2,180,600 feet east of Par-

ker street, 1,040,000 feet west of Parker street and north of Bos-

ton and Albany Railroad ; 5,900,000 feet basin west of Parkerstreet and couth of Boston and Albany Railroad ; 18,000 feet nouth

of Providence Railroad, near Northampton street ; 25,009 feet in

the town of Brookline—9,163,600 feet of land (estimated value),

$6,481,250 ;mortgaee notes receivable, |299,333 S3 ; first mort-gage bonds, $62,000 ; Huntington avenue ceMificates, $40,000;cash funds, |41,588 25. Total assets, $6,927,171 5S. Liabilities,

first mortirage bonds, $1,740,000 ; loans payable, secured by col-

lateral, 1253,333 33; mortgage notes payable, $871,873 92; divi-

dend No. 16. cash, $410 ; dividend No. 17, scrip, $20,433 ; total,

$2,885,450 25 ; total assets over liabilitie!<, $4,041,721 33.

GENERAI. INVESTMENT NEWS.Albany & Snsqnelianna.—The new consolidated bonds, guar-

anteed by the Delaware & Hudson Canal Company, lessee, havebeen put upon the list at the New York Stock Exchange. Theentire amount is $10,000,000, of which $3,450,000 are retained to

provide for outstanding bonds of other issues; $1,500,000 are to

be issued at once, and the rest from time to time as needed by the

lessee to pay for improvements.

Barlington Cedar Rapids and Minnesota.—It Is announcedthat the sale of portions of this road in foreclosure will take

place at Cedar Rapids on June 23d next. The road to be sold

consists of the main line, the Postville Branch, and the Musca-tine Branch, in all about 300 miles. The main line is sold undera mortgage of $5,400,000, the Postville Branch under one of

$2,200,000, and the Muscatine Division under one of $800,000

California Pacific.—Anthony Coalet, a stockholder of the

Central Pacific, has filed a bill in equity against the company andits officers and directors, asking for an injunction to prevent the

use of the funds of the Company in paying interest on $1,600,000

California Pacific bonds, and also tor a decree to the effect that

the indoreement of the Central Pacific on such bonds is withoutauthority and void. TLe principal object of the suit is said to be

to prevent the completion of the settlement made with holders of

California Pacific Extension bonds, and the issue of new bondsin accordance with that settlement.

It has been su^geeted by some that impediments in the nay of

carrying out the agreement with the C«lifornia Pacific bondholderswere probably acceptable to the Central Pacific. But we have it

stated on good authority that such is not the ease, and the CentralPacific is desirous of fulfilling its agreements with the California

Pacific to the utmost extent, and will take all needful measuresto protect their right to do so.

Tlie Central Railroad of Iowa.—Tlie annonncemect is madethftt at a meeting of the bondholders of the Central Railroad of

Iowa, held in the city of Philadelphia, on the 13th Inst , theFarnserB' Loan and Trust Company of this city was removediroa its position as trustee under the mortgages, auJ Mr. Paine,

of Boston, and Mr. Bullitt, of Philadelphia, were appointed suchtrustees in its stead.

This statement, aflfecting as it does one of our oldtst and mosthighly respected moneyed corporations, seemed to call for someexplanation, and we find the facts of the case to be substantially

as follows:

That the suit for the foieclosiire of the mortgages came before

the United States Circuit Court of Iowa in October last, and a de-

cree was then made, which. Judge Dillon states in an order in tho

suit, dated January 14, 1876, was "the result ot consultation andcompromise among the parties in interest, and entered as the re-

sult of such agreement, and not upon an independent considera-

tion by the Court of the rights and equities of the various par-

ties." The decree contained a provision directing the Trust Com-pany to bid at the sale of the road at least the amount nf the

principal and interest of the first mortgage bonds, and that, onanch purchase being made, the title should pass absolutely to the

trustee, in trust for the first, second and third mortgage bond-

holders, and for the creditors and stockliolders of the road ; andthat the property should be conveyed to a now corporation, in

which the controlling interest should be given to the first mort-

gage bondholders— the second mortgage bondholders to receive asecond class of stock for the full amount of their bonds, and the

third mortgage bondholders and creditors cummon stock at par

for the respective amounts due tbem ; and the stockholders of

the originnl company common stock at the rate of one dollar for

every three now held by them. Such an arrangement might be

equitable enough, if the first mortgage bondholders would agree

to it; but, although a majority testified their niUingness so .to

do, a minority not only declined to accept the proposed provision

made for them, but took an appeal to the Supreme Court of theUnited States, furnishing the requisite bond (which appeal is

sow pending), claiming that the Court could only authorize the

trnitee to buy in the road for their benefit, and could not gif*-the junior encumbraneei's any Interest in the bid.

TUe committee which claim* to represent a majority of thebonds endeavored to prevent this appeal from beinc l«ken onmotion before Judge Dillon, and subsequently before JudgeMiller, on th« ground, among others, that the Trnstee hadconsented to the decree, and failing in tljis they lately requeetedthe Trustee to allow their counsel to make a motion to dlnninthe appeal in the Supreme Court at Wathlngton in the nime ofthe Trustee. The Trustee could hardly have granted this reqoeatand maii:tained an impaitiil position, as by so doing it wouldhave thrown the weight of its position in favor of preventingthe minority from having the question passed upon by theAppellate Court. The Trust Company, therefore, declined to berepresented by the counsel of the bondholder*' committee, butreplied that it would, it desired, be present br it* own counselwhen the motion should be made. The committee then laeued acircular, recommending a change of trustee, and succeeded inobtaining, as they state, a sufficient number of proxlea to efiect

this result at the Philadelphia meetinsr. As a matter of law, it

would appear that a mortgage, after decree in a foreclosure suit,

is merged in the decree, and, if this is true, it Is diffiealt to under-stand how the present action can be taken. Bnt the Court* roastsettle this, and also the very difficult question a* to the right ofthose claiming to be londbolders to vote. Pot bonds may be aoldany day, and we presume evidence will have to bo offered toshow that the persons voting, by proxy or otherwise, were theowners of bonds on the day of the meeting.

If this plan was adopted with a view of shortening the legalcomplications of this unfortunate road, and hastening the time ofits reorganization, no such result is likely to follow. Throaghthe influence of the committee, a decree has been obtained on aprinciple which we understand that its members themaelvee haveformerly stated, in a letter to the Trust Company, can not beupheld : and, to prevent the Appellate Court from passing on thepoint in question, they pursue a course which can hardly fail togive rise to further complicated litigation.

Meanwhile, from. all this there is one lesson for those who maybe requested to act as Trustees under such mortgages. No positionof the kind should be accepted where the trustee is exposed to

the possibility, by a provision like that contained in the presentmortgage, of being dismissed from his trust either for sometechnical causes ^or [summarily withont cause, and merely by avote of a majority of bondholders, when the main purposeof having a Trustee is to secure a middleman, of entire impa^-tiality, who shall protect alike^the rights of all parties interested

in the mortgage.

Colnmbns Chicago & Indiana Central.—In the suit of thePittsburg Cincinnati & St. Lou^s Railway Co., against the C. C. &I. C, in the United States Circuit Court, District of Indiana, anorder has been obtained directing the P. C. & St. L. lessi>es of theC. C & I. C. to pay over to the receivers of tbe last-named road,

for the benefit of the bonds having a prior lien to the consolidated

mortgage of tbe C. C. & I. C , the sum admitted by the lessees to

be the amount of net earnings of the road during 1875, this pay-ment to be made on the 1st of next Jane ; also, after that, at thebeginning of each month, the amount of net earnings for themonth expiring ninety days previous to the date ot payment.The lessees named have had full possession of the C. C. & I. C.

since 1868, but since February, 1875, have paid over nothing tothe lessors. This order will protect the consolidated bonds so far

as it provides for the payment of the interest on the bonds whichprecede the consolidated mortgage. The net earnings are to bepaid withont prejudice to the claim for the minimum rental of 7per cent on $15,821,000 bonds, which is the amount guaranteedby the lease.

Gallipolis McArthnr & Columbus.—The right of way andpartly Braded roadbed of this road was offered at Sherifl's sale,

April 2i), but the sale was adjourned, no bid being made.It has been proposed to transfer the property to the Michigan

& Ohio Company, and an agreement to that effect has been made.The Sheriff's sale may, however, interfere with this arrangement.

Lafayette Bloomington and Missis-sippi.—Sfkingfield.May 17.—John A. Jones, Master in Chancery of the Circuit Courtof the United States, Southern District of I lioois, yesterday lold

at auction, under a decree of the court, the Lafayette Blooming-ton and Mississippi Riilroad, leased line of the Toledo Wabashand Western, for a debt of $1,445,941, with inierest. It wa«bought by Mr. John T. Martin on behalf of the bondholders for

$500,000.

Xissouri Kansas and Texas—Pabsoxs, May 17.—At the

annual meeting of the stockholders of the Missouri Kansas andTexas Railroad, which was held here to day, the following Direc-

tors were elected : E Riggs, N. L. McCready, Francis Skiddy, J.

L. Agnew, H. A. Johnson, John Elliott, Sbepard Gandy, andHenderson Moore, all of New York ; Erastus Corning of Albany,

N. Y.; W. M. Gentry ot Scdalia, Mo.; B. P. McDonald, Fort

Scott, Kan.; C. H. Pratt, Humbolt. Kan.; H, C. Cross, Emporia,

Kan. The Directors will meet in New York City at an early day

to elect officers. Over $16,000,000 in stock was represented, and

tbe procttedings were entirely harmonious.

Missouri River Fort Scott & Gulf.-Holders of coupon No.

ll,due July 1,1874, on the first mortgage bond* of this com-pany, are notified that upon surrender of same to Charles Mer-

riam, treasurer. No. 26 Sears Building, Boston, on and after June-

1 next ensuing, they will receive one-half ot tbe face thereof in

cash, and the other half in the six-months promissory notes of the

company, due December 1, 18T6, payment of which is secured by

the unpaid balance of the coupons so surrendered, held in trust

for that purpose by the trustees.

Page 20: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

4^« ITEE CnaUOiMCLE. (May 20, 1876.

Jan.Htek. Top & s Fe,—«74 («.«»«.)... t«9,792»876 (SlWm.U . b3(i59

1876 (Tllm.)'.. lir,4n

-Bur. c. It. sc m.iii.—•187418751918

(lc'7;»)..

.(4 7 /«.)..

.C»07m.)..

10«,303l"2,5fi3

91,9JI

'Central P^clflc-JS7* ..(1,819 m.)...»«T5 1,413 w.i...

SUB*. (,\,.lim). .

"<Chleago Sc Alton—1874 (HSOm.)...•1875 («50m.)...-i878 (6507».)...

<«litc. Bar. & <t.—"1874 .(I,«fi4m.)...

1875 (I,2Mm.)t..IWe (1,397 m.)...

ohic. nu. & St. p.—'1874 (1,399m.)...1875 (l,*»m.)...1876... (t,399m.)...

'CIn. K.af. A. Chic—a874 (76m.)...«87S (75 OT.)...2876 (rim,)...

'^Denver A Rfo 6.—^B4. (120 m.)...MSfS (1-iOm.)...

1876 (laOm.)...

Brie—M874 (959 m.)...1875 (!l«m.),..1876 (91.Sm.)...

ntoaaton & Tex. C—:i874... (50?m.),..1875 (51)8 m.l...»1S78 (508 m.)...

Tlllnols Central—1874 (1,109 m.)...1875 (1,109 m.)..-'1876. (1,109 m.) ..

*End. Bloom. & 'W,—1874 (344m.)...J873 (3«m.)...•1876 (314 m.)...

^atern'l & Ct. N.—-1874 (388m.)t..1875 (4o.«m.) ..

a878 (458m)...

*(auiias Pacific—1874 (673 m.)...1875 (67:)m),..1876 (673m.)...

"Keoknlc & Dea IS.—1874 (161m.)...tt875 (161m.)...'iesi (161m.)...

9netalKan -Cent.—IS74 (804 m.)...WTS (804 m.)..."*876 (301m.)...

IHTo. Kan. tc Texas—1874 (786m.)..."1875. (736m.)...18J6 (7.'»6m.)...

Mobile ic Oblo—

1,455,8091,164,975

,874. .(5Mm.)...

MONTHLY EAKNFNGPOF PRINCIPAL RA!

Feb. Mar. April. ITlay. Jnn». July. Aug.

.ROADS.Sept. Oct.

$73,505 $181,0017S,110 lU4,i'5-3

141,18! :8J,8l7

81,813 83,01863,701 »7,318101,69i 105, 43

$114,315iu,4;i197(100

84,698103,535

$101,344 $101,774107,845 104,4 H

$:oo,6ti1:3,150

$113,6S11J3 iii

8110,563U7,55i

$133,654199,986

Not.

$116,379178,954

Sec. Total.

$102,885158,584

.t1,850,8061,580,359

86,819103,;«

91,-303

101,70(1

87,4.35

1S-J,')83

1U,8M118.75J

lifi,S95

117,988Ma,.314136,135

105,5.36

137,879186.737110,803

1,848,8751l,3ll,37T|

848,558

9bl.lX)J

344,430319,938803,597

670,785860,945813,963

651,48'i

466,101627.000

804.044 8^2,423 1.110,634 l,31'.Gn9 1,566,615 1,580.910 1,323.557 l..371,739 1,465,515 1,.381.766 1,370,384 14,682,814.*18,15<) l.liB,afi3 1,:»>.9'*1 1,798,«9 1,738,S70 1,536,335 1,55-1.011 1,5.7,1)23 1,615,974 1,513,836 l,33',-}09 n,035,0»»l

1,000,OCO 1,13J,000 l,46i,UC0

3.39,876 368,34838S<,il9 363.«37

316,K0 335,533

755,336 891,9.58

761,163 930,933915,633 835,753

657,498 578,3713^5,373 503.765518,000 6«7,:i83

884,335367,955353,530

397,683331,0-)4

496,815333,333

464,439387,445

430,056411,91.0

534,018490,333

S50.951

489,019416,541895,779

364,735 5,136,828]369,313 4,6.5S,76«f

»46.U5 l,0.^4,f>•13 1,060,8f;9

971), '^60 98',ii8> 913,103884,013 1,161.357 1,091,641 1,139,192 1,007,378943,461 1,066,367 1,313,321 1,133,610 1,010,5.33

843,840833,468

11,645,81811,733,448

39,56333,795S3,256

19,53020,36483,079

36,88727,40536,628

36,79830,37430,051

19,124 24,2372:1,660 86,500

30,508 31,30)

743,051639,669630,!il4

.39,908

33.8'i.-

31,109

89,67382,16331,816

961,930 836,709 749,213713,465 742,168 613,393

33.61830,yo3

38."8335,536

31,8703I,2.)7

.39,188

31,787

35,1-26

31,U93

7*4,37!630,516

34..550

33,743

793,8">9

741,306862,153 694,850974,352 937,030

668,883747.893

8,953,01818,85S,74S|

40,78829,984

36,18332,761

40,10341,738

36,40523,939

44,66836,453

33.68734,386

42.30036,446

3.5,616

28,98828,88330,243

29,99336,802

1,886,510 1,430,911 1.556,922 1,646,139 1,648,938 1,545,379 1,546,174 1,6)5,188 1,680,195 1,417,663 1,237,5501.101, f31 1,071,742 1,433,881 1,536,321 1,570,470 1,534,038 1,497,62) 1,533,089

1,153,532

453,711399,8"

376.65 \

360,70]^

18,136,781

428.683213,337304.633

583.997591,031638,417

149,917116.836

133,386

139,116185,395140,316

167,143lt.9,333

208,OS9

43,06763,064

.30;,8!0

213,'i31

259,965

617,674481,631

60J, 186

131,00191,744

14^619

115,896115,178

116,lb6

180,(17208,535205,509

46,86360,001

255,393205.211

321,761

661,79.3

595,519905,491

155,368108.109

103,513

91,1-30

105,59996,523

251,948355,474230,097

57,85975,068

231,3101>,5,037

134,703141,209

171,035 186,233 218,913 251,533145,437 153,697 211,131 893,761

311,101407,433

389,518412,614

317,657401,592

3,154,(

8,980,(

686,96861(<,459

546,031

135,341102,376130,303

76,36786,43579,777

800.66329.3,347

241,718

64,07769.021

672,834604,851

189,43689,694

693,418 627,454 711,969 758,5''.6

602,505 715,899 613,416 718,101B38,.307

816,E08668,943773,092

680.435679,434

1-17,453 130,431 141,410 158,61088,338 87,445 137,li 8 U3,7d4

148,158137.536

1-33,423

141,300132,778140,815

73,5873), -593

75,144 70,495 75,503 105.94575,374 70,936 79,167 88,583

822,657294,303

S17,-89 293,318 302,174 305,835271,783 292,462 315,337 315.611

147,418139,731

386,090856,979

176,542188,653

:87,9!7300,903

200.756190,760

7,900,7Si7,802,5^

1,356,49S]

l,S64,S8al1,868,21*

63,151

70,21349,951 41,848 63,309 68,45566,483 60,439 67.449 80,539

71,11674,384

66,55356,033

240,830239,835

67,71850,164

3,356,754.3,363,7«1]

706,18792,78

647,476E00.902«59,?73

266,a33199,680236,459

293,927196,7392.31, 131

.i875 (5-'8m.)...

';,j87« (528 m.)...

"Oblo de nuslsslppl—'3871 (.395 m.)... 266,0.39

|3975 (633m-)S.. 245,989'<18?« (623 m.)... 315,795

'St.!.. A.&T.H.Brcl>».-1874 (71m.)...^1875 (71 jn.)...1»7« (Tim.)...

'St. li. Iron ra. & So.-'*874 (634 m.)...1375 (ijSlm.)...Ji876 (651m.).-.

'St. I., Kan, C. & N.—1874 (301 m-)...1875 (504 m.)...ISJ6 (501m.)...

'Mt. Ii. dc So>ea*tern—il874 .O-'-Sm.)...f'1875

(.3153 m.)...ti»76 (358m)...

St.P&SCdcSC&St.F3814 .....(a70m.)..."1875 (270 m.)...^878 (370 m.)..-

Valon Pacific-1874 {1,038 m.)..- 630,7154875 (1,038 m-)... 574,9.104876 (1,033m.)... 681,987

38,60757.201

89,313

250,074S5\789327,190

208,038246,099

111,90084.516

80,813

42.335

83,83)69,137

543,016441.623543,669

230,371195,234251,783

21.3,318

156,174

177,992

243,167341.933293,039

37,49355.7273$,6S3

217,368281,918313,116

196,155S«i,S79

9:1,417

80,03783,613

4.3,161

2S,0:n67,073

607,991630,3076^7,133

616,930611,211

583,931

262,801233,0J6213,314

174,968130.251

149,839

304,812309,503314,332

44,47349,35843,378

236,132275,910

296,291

243,991

271,230

107,971SL^OO85,331

51,66043,551

70,313

687,026813,963

63.3,802

600,066610,513

813.747193.471

214,788

134,934109,711

635,179 531.788 519,872 603.835 637,703 751,596 654,806558,789 484,417 467,159 527,744 630,814 671,874 587,370

592,698 7,567,0«I554,493 6,684,3ar"

221,983 24.3,444 261,781 291,873 348,037 338.810 277,370187,091 821,441 211,733 270,933 291,827 305,144 300,534

260,475 3,195,4951295.738 2,904,9851

140,667 120,407 119.047 116,639 155,302 243,607 287,845100,533 89,938 102,101 113,373 149,831 219,804 255,394

385,408291,014

2,S91.018|1,914,3121

293,665273,411308,637

41,09340.44837,701

2.30.434

284,560275,400

868,807257,971

292,546258,772

283,342239,156

311,140250,320

866,131340,968

332,544351,184

298,575337,358

297,678341,492

40,86739,039

43,13336,315

43.79435,753

50.03940,414

5.5,232

43,71065.80057,331

46,9?060,700

52,81350,824

244,894875,147

238,608 235,848291.631 238,211

251,230233,957

292,216333,776

220,6'ia

231,002

93.99785,93579,263

72,31958,%6

88,53373,724

96,9.39

63,03393,83167,145

235.980248.836

110,92473,613

549,733216,631

118,31288,676

357,820333,601

278,10826.3,240

337,742433,765

331,176230.636

404,219497,630

3,612,77613,439,4"'

1559 347]561,868

1

S,898,98j3,808,94!"^

248,544265,636

2,587,60*.2.636,70Tl

131,885104,356

89,47273,331

71,43865,739

70,83181,084

72,93689,455

86,74377,303

90,953117,915

102.60899,600

68,167118,773

103.918 I,MP,75*91,308 1,004,46»

62,075 836,08*1107,563 877,478

1

834,9.55 910,065 902,881 850,143 1.048,416 1.063.993 1,141,938 1,000,598,095,815 l;373,385 1,043,534 1,083,1183 1,015,159 1,153,944 1,366,929 1,037,59)

897,159 10..'5S«.«S«1

903,151 11,993,832

1 l"Jl^"°^'^"""^ Febroary only 607 milea were operated ; since the 1 8t of March 711 miles have been operated. .t .^,8M miles were operated until nth of Novemtjer, afier which lime 1,297 miles were operated

* '" •'"""^''T. 338 miles were operated ; from February to .June inclusive, 4U7 miles : during the rest of the year, 458 mUea.^ 913 miles only were operated in January and February ; during the remainder of the year, 633 milts were operated

Page 21: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

May 20, 1876.] THE CHRONICLR 497

€i)c Commercial ^tmes.

CoimEllClAL EPITOME.Bbidat Nioht, May 19, 1876.

There i« fcarcely a cew featuro to trade reports. The volame

or busineas lia?, od the vhole, Bomewhat increased, and there Is

apparently more confidence felt in the stability of prices ; trans-

actions are not in so large a proportion taerely speculative.

The weather has become very Pne, and from no quarter of the

United Stateii ia any serious complaint heard regarding the

prospects of the crops. Political intelligence from Turkey andits provinces Is scanned with much eagerness, and the dan^^er of

active hostilities discussed with much activity, with reference to

the future values of our leading agricultural staples. The moreImportant failures of the week have been in cotton and wool.

The speculation in pork has been tame, and prices have beendeclioinp;, the closinif bida to day beins for mess f20 55 for May,$30 65 for June, $21 for July, $'}1 25 for August, and |21 30 for

September. Tlae 16cal trade has been dull. Lard was quite

buoyant early in the Week, but latterly has been declining sharply,

and for future deliver* tlie closing bids for prime steam were$12 50 for May, $12 55 for June, $12 67i for July, $12 T7i for

August, and $12 00 for September. Bacon and cut meats haveTul-jd a shade firmer, but quiet. Beef and beef hams are dull anddrooping. Tallow has been fairly active at 8i@8ic. for prime.

Butter has been about steady, with the demand fair. Cheese is

«asier at 8(uil0ic. for good to prime new State factories.

The foreign exports of the hog product, from principal ports,

November 1 to May 15, compare as follows

:

1874-5. 1375-6. Increase. Decrease.Pork, lliB S7,!05,800 28 3!4,200 1,181,400

Lard, lbs 1M,688,114 »3,;8\79! .... 20,02,361Bacon, lbs 1-;8,()67,!K.3 22),6?4,:iS6 45,003,153

Total, lbs ..820.461.857 3 15.734,349 46,174,853 J0,902,3!il

Rio coffee has not been active, but in the absence of arrivals

stocks have been reduced to 97,534 bags at this point. Thevisible supply for the United States has been increased,

however, to 248,190 bags. There has been a fair business

lor mild grades, with stocks at the close 35,702 bags

and 176,000 mats, the latter mostly Java. Kio, fair to

prime cargoes, quoted 17i@18ic.; Java, 20(a23c., and Mara-caibo, 16@19c., all gold. Bice has remained quiet. Foreign

dried fruits quiet, except rather more firmness in currants. Teas•re in better demand, with a steadier feeling. Molasses has beenquiet, but prices rule firm on the basis of 33ic. for 50 test. Sugarshave been less active, and prices are bcarculy so firm ; fair to

prime refining Cuba quoted at 7S@8ie.; refined, lOJe. for standard

crushed. The movement in raws has been :

Bhds. Boxes. Bags. Melado.Receipts past week H,S49 8,507 5074 6S8

Sales past week 9.401 1,0!6 5.64» 825

Stock May 18, 1876 87,933 £6,013 222,448 5,SS8

Stock May 20, 1875 ll?,*oa 46,938 87,095 1.898

Naval stores have been rather dull, until near the close, whenspirits turpentine was more active and firm at 33c. ; rosins also

aoid to a better extent ; common to good strained quoted at $1 70

(3$1 80. Petroleum has shown mnch firmness, notwithstanding

m quiet market of late ; crude in bulk closed at 8fc, and refined

in bbls. at 14i@14ic., for prompt deliveries. Copper is again

lower, with sales at 21@21ic., cash, to the extent of 800,000 lbs.

Of Iron, 2,000 tons American pig sold at $20 for No. 2 and $22for No. 1.

The market for ocenn freights has shown a fair degree of ac-

tivity, charter room especially. The offerings of tonnage haveundergone a reduction, so much so that late rates show an ad-

vance and much firmness. Late engagements and charters in-

clude : Grain to Liverpool, by sail, 7id. ; cotton, iig9-32d. Pro-

visions, by steam, 40@508. per ton. Grain to London, by sail,

7id. ; ttour at 2^.;

grain, by steam, 8id. Grain to Gla^igow, byBteam, S^d. ; do. to Bristol, by sail, 7(a7id. Grain to Cork, lor

orders, Cs. per qr. ; do. to the Continent, direct port, os. 9d. Case

oil to the Mediterranean, 27ic., gold; naphtha to Morganpill,

4s. ; refined petroleum to London, 33. 3d. To-day, business waslather slow, both in berth and charter room ; still, rates weremaintained with firmnMS. Cotton to Liverpool, by sail, 9 32d. as

it runs; grain to Bristol, by sail, 7id. ; flour, 2s. 6d. ;grain to the

Continent, 58. lOid. ; refined petroleum from Baltimore to Bremen,

3s. l^d.

There has been a lair demand lor Kentucky tobacco, andprices are firm at 6@7ic. for lugs and 9(al5c. for leaf ;

the sales

lor the week embraced 800 hhds., of which 390 were lor export

and 500 were for consumption. Seed leaf has been in moderate

demand and aljout steady. The pales embrace: Crop of 1873, 30

cases Pennsylvania, on private terms : crop of 1874, 264 cases

New England at 7@25c., 38 cases New York at 8e.; crop of 1874

and 1875, 69 cases Ohio at 4i@5ie., and 145 cases Wisconsin at

4@5ic.; also 2C0 cases sundry kinds at 7(<!)25c. Spanish tobacco

has ruled a shade lower and fairly active ; the sales were 700

biiles Havana at 84c.@$l 10.

There has been a good dtmand for prime hides during the

past week, and the market closes firm ; common have been dull

*nd nominal; dry Montevideo sold at 17ic(al8c., gold, four

months; do. seconds, 15c.@15ie., gold, four months; do. kips, at

14c., gold, four months; Tolasco at 13c, fiO days; dry Texas at

16c., cash, less 4 per cent., currenc^K. Linseed oil has ruled a

shade lower;quoted at 54c.@55c, .Crude sperm sold to the ex-

tent of 000 bbls. at New Bedford at $1 3T@$1 39. Codfish have

been in fair demand, with sales at $4 75@|5 for Georges, and

43 25@i|;3 50 for Grand Bank. Whiskey closes dull and nominal

At$llli@$l 12.

COTTON. j.-

Fbiday. p. M., May 19. ISTK

The MovEMBirr or the Crop, as indicated by our telegramafrom the South to-night; ia given below. For the week endingthis evening (May 10) the total receipts have reached 19,W5bales, against 28,441 bales last week, 26,002 balea the prevloosweek, and 29,853 balea three weeks aince, making the total

receipts since the 1st of September, 1875, 3,087,774 bales, against3,379,8:^5 bales for the same period of 1874-S, showing an IneratuMsince Sept. 1, 1875, of 608,439 bales. The deUiU of the reeelpta

lor this week (as per telegraph) and for the corresponding weekaof five previous years are as follows:

Receipts this week at— 1876. 18'.8. 1814. 1873. 1871 UTI.

New Orleans 6,6as

1,420

1,986

897

1,876

a,4S6

33

2,488

21

433

8,8i7

183

6,439

647

1,863

2.332

1,651

67

3,759

6

289

3,187

121

9,039

1,99*

S,447

16

l,a£6

1,999

176

3,3'}1

18

834

a,909

ai7

9,181

1,878

\ 1.67:

4,18«

\ 1.88«

7,»10

493

5.241

S«6

6,570

809

t,309

8,076

S»4

«,B«4

81

i,m116

M,B3S

«,78tMobile

Port Royal, AcSavannah

s,S4a

4.7ia

6,107

6.t»61Florida

North Carolina.

Norfolk

f8.5WCity Point, *c

Total this week 19,995 18,372 21,678 8I,C44 15,157 45,Mr

Total since Sept. 1.... 3,9S7,774 8,879.888 3,661,353 3,878.514 2,«1N6!)5 3,715,464

The exports lor the week ending tbii evening reach a total of31,569 bales, of which 25,808 were to Great Britain, 3,394 to

France, and 2,369 to rest of the Continent, while the stocks aamade up this evening are now 458,325 bales. Below are thestocks and exports for the week, and also for the correspondinjf

week ol last season:

Week ending

May 19.

Exported to Total

this

week.

Sameweek1873.

Stock.

GreatBritain.

FranceConti-

nent.1876. I87B.

New Orleans*

Mobile

Charleston

Savannah

Galvestont

New YorkNorfolk.

Other portst

17,3)8

6,5:3

1,915

8,894

• •••

1,936

100

344

»0,70«

1,92S

6,653

3,389

37,658

3,854

7,680

15^383

1,060

1,316

138,988

S9,0W

16,279

16,343

81,528

189,813

18,075

36,000

67,661

14,9SZ

16,165

14,611

37,566

161,338

3.7D0

31,300

Total this week.. 25,806 3,391 2,369 31,569 57,421 458,335 870,307

Total since Sept. 1 1,848,304 398,787 663,128 a.910,069 2,399,883

• JVew Orlean».—OaT telegram to-alght from New Orleans shows that (bealdasabove exports) the amoant of cotton ort shipboard and encwed for shipment acthat port Is aa follows: For LtTerpaal,90,aW (tales: for Havre, t.OOO balea -. forContinent, 4,500 bales ; for coastwise ports, 1,000 bales; which, If deducted froiathe stocic, would leave :m,S0O bales representing the ouantlty at the lanolug and Inpresses nnsolil or awtitlng orders.

r Chtlnenion.—Oar Oalveaton telegram shows (besldos above exporU) on ship-board at thit port, not cleared: Vor Liverpool, 2.S7I bales; for other forelsn,nonej for coastwise ports, 1,245 bales ; which. If deducted (Tom th« stock,would leave remaining iT.fit*!) b.ilea.

t The exports this week uDder the head of "other ports" Include from Balti-more M4 bales to Bremen ; from Boston 1,446 bales to Uverpcol; from Fhlladsl-phla 499 bales to Liverpool.

From the loregoing statement it will be seen that, comparedwith the corresponding week of last season, there is a deeruua

in the exports this week ol 25,852 bales, while the stocks to-night

are 88,018 bales more than they were at this time a year ago.

The lollowing is our usual table showing the movement ol cottoa

at all the ports Irom Sept. 1 to May 12, the latest mail dates :

BIOKIPTSBIKCK BBPT. 1.

EXPORTED SraOB SEPT. 1 TO—Coast-wisePorta.

PORTS. GreatFrance

"'"^Total.

Stock.

1875. 1874. Britainr ranee

^^^^j,^

N. Orleans. I,3i3,053 96S,181J 684,20S230,915| 553,056 1218,179 179,713 154,780

MobUe 3b2,521 315.714 132,473 83,532 62,111 818,106 114,183 31,578

Charlesi'n • 401,9J3 423,363 135,822 53.110 78.506 267,437 1C8,S91 14,745

Savannah .. 504,105 583,689 168,135 29,953 157,739 355,877 148,580 17,0Jr

Galveston*. 468,159 352,797 189,473 4,111 33,991 229,580 S84,S95 23,867

New York.. 190,783 133,877 302,721 1,915 5r,8aj 362,493 191,406

Florida 12,006 12.376 .... .... 18,006 ...»

N. Carolina 99,971 93.5)2 84,86} .... t,301 87,164 71,768 1,607

Norfolk* .. 474,139 393,233 102,416 1,817 .... 101,239 354,918 16,617

Other ports 100,819 73,121 3?,231 .... 13,194 95,436 ... 89,500

Tot. this yr. 8,!;67,-79 18M,393 395,313 660,T5!i 2878,500 1214,414 480,087

Tot. last yr. 3,360,961 184-2.B52 :»1.6-.0 897.65!) 2341,961 1303,883 43ii.lSa

• Under the head of canrlMioM Is Included Port Koyal, *c^ mider the headofO'jhxstoMlslnclcdelluaiauo.a.Ac.; under the head of Xor/otk u InoladMl ca»Point, &c.

Theje mail returns do not correspond precisely with th» total of

t'lB telegraphic figures, because in preparing them it is always

necessary to incorporate every correction made at the porta.

Page 22: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

498 THE CHRONICLE [May 20, 1876.

The market the past week bas been drooping for cotton on tbe

vp«>t. A decline to 12 3 16c. for middling uplands, whicbtook place

oa Saturday, wag followed, in tbe course of Moudajr and TueRday,

by » liberal buBiness for export, but ibis demand subsided on

Wednesday; and the stoppage of additional mills of New Eng-

land has resulted in a reduced demand for home consumption-

Testerday, holders partially withdrew samples for higher

prices, but the only effect was to check business. To-day,

quotations were reduced l-16c. to IS^c. for middllnsf up-

lands, leading to rather more business. For future delivery,

speculative manipulation has been active, and the feverish condi-

tion of the market proved quite effective. Crop accounts were

varied, but on the whole moderately favorable. Too much rain

was reported in some sections, and the temperature has con-

tinued low ; while there seemed to be an impression prevailing

that some decrease in the acreage will become apparent when the

leports are published. Saturday was panicky, and yesterday

was extremely buoyant, with intermediate fluctuations very fre-

quent. Today, the failure of a house largely involved in ihe

ahipment of cotton, Messrs Facliiri Brothers, quite broke downthe market for futures, and prices declined 316e.; good weather

for the crop, and a weakening of the gold premium, contributing

Blightly to the depression.

The total sales for forward delivery for the week are 192,100

bales. Including free on board. For immediate delivery the

total sales foot up this week 8,351 bales, including 4,817 for ex-

port, 2,271 for consumption, 1,163 for speculation, and in

transit. Of the above, — bales were to arrive. The following

were the closing quotations to day

:

New Claaslflcatlon. Uplands.

Ordinary per lb. 8 11-169..Strict Ordinary 9M a..Good Orillnary 10 l-'.6 ®..Strict Good Ordinary 1 v ®..Low Middling 11 W6 a..Strict Low Middling llv ®..Middling 12)^ a..GoodMIddllne li% 1..Strict Oood Middling 13J^ @ .

MlddllngFalr 1314 a..Fair 14X a.

.

8 11-169...9X »..10 1-16 ®....I'X a...11 5-16 a....n« « ...

lax •...I *' «...i3'4 «...KH a....U'A a—.

SewOr, cans.

3 11-16*. ..

9'A »....IOS-I618 ...

io« a...11 7-16 a....12 a....U 5-16 a....12X ®...13^ a...laa^ »....MX a....

Texas.

8 11-16®.,9X u..ios-16 a..

a.c16 a..

12 »..12 5-16 ®.,12K ®..13« a..13^ a..

lOJi1. 7-l(

Ckmd Ordinary..., 8X ILow Middling i-a^

Btrtct Good Ordinary 9K I Middling...... '.'.'.'.'.'.'.'.'.'.'.'. ll«

Below we give the sales ol spot and transit cotton and price ofOplandttA this market each day of the past week :

NewClaasificatlon.

BatnrdayMondayTuesdayWednesday. .

.

vTlraradayjrrlday..

ToUI..

Con- Spec- Tran-Eip't. sump, ula'n sit.

1,2102,4 4450151532

4,817

690S53370283326299

2.271

669

'196

59

6902,1632,8448795.15

I.IJO

8,251

Ord'ry

PalCKSGood

8V

8V85C8 11-16

Ord'ry.

10«10>«MH10)^lOK10 1-16

LowMldl'g.

IIXllx

11^

Mid-dling.

12 3-1612 3-1612 3-1612 3-1612 3-16

11 3-16 12J«

Delivered on contract, during the week. 2,035 bales.

For forward delivery tbe sales (including . free on boardhave reached during the week 192.100 bales (all middling or ontbe basis of middling), and the following is a statement of thesales and prices

:

For Hay.toalee. cts.

lens.n. 12MO \ilWi.Q. 6th.U 1-32WO 12 1-32101 s. D. 2 >d.l2 1-16

](ns.n.l/>'h 12 1-16

l(X)B.n.20th...H«1*10 K}(ieus.u.l7tta.l2 5.3j

100 12 3-16

3,800 total May.

For Jane.

1,900.»,50C..s,coa..C.NO..

S.W)..«,7eo..1,900..2JO0..3«I0..«W..

...12 1-32

...\i !-16

...12 3.3312l<

...12 5-32

...I23.H

...U 7-32

ua...12 9-32

...12 5-16

..12 11-32

12X

SS,iao total -lune.

For JnlT.bales. cts.6.700 12),S.OUO I2 9-?29.300 12 5-16"900 12 U-32

lO.SOO...8,300...!'.

4,9004,401)

2,300 .....

500l.SOO

1.500....

...u%..12 13-32

...12 7-16

,12 15-82

!.12 17"32

16..12 19-3i

55,600 total July.

For Angast.700 12H

3.SJ0 12 18-3«7.700 '.2 7-16

7.500 12 15-8210.600 i2S«i.fOO 12 IT-sS5.100 13 9-165.909 12 19-323,000 ...UKi.'.oo 1221-3;3.-0J 1J:1-15500 12 a-il

51.000 total A.iig.

For September,bales. cts.1.300 12 18-321.700 12 7-1;1.200 12 15-882,100 12W8»l 12 nsi

l.iOO li 3.161,100 12 1932200 Vi%

_200. 12 2;-S

9,;u3 total Sept.

For October.

!.1» 18 9-32l.lOO 12 5-16900 IJ 11-38200 125^400 12 13-3i400 IS 7-:6100 12 15-3230C 12 17-32100 . 12 9-16

4,600 total Oct.

For November.200 18XSOO 12 5-32

bales. ctsi.iw 127.321,500 Uii300 12 9-32too 12 5-16600..JUO ....400...600...

.12 11-32

.•12X13 13-32

12 7-16StIO . 12 15-32

6.200 total Nov.

For December.400 123-15

,400 ::;7-321,400 12V!,«» i:9.a700 12 1'.82

2.™ 12K500 12 13-32600 12 7-16

7,700 total Dtc.

For January.100 1211.82

200 . 12 17-3

400 total Jan.The following will show spot quotations and the closing prices

bid for futures at the several dates named

:

HIDDLIN8 ITPLAXDS—AHEBIOAN OLASBIFIOATION.FrI. Sat.

Onapot im 12 3-16May 12M 12Jane 12 5-16 12 3-32July 12 17-32 12 5-16Angast 12 21-32 12 7-16September 12X 12 13-32October 12 17-32 12 9-32November...., 12 is-32 12 5-32December.... 12 13-33 12 5-32Bnli 1I2H 112>jrcbanae.. .. 4.f6 4.^6ales snot 844 690

Ifatoit... S7JW0 29,630

Mon. Tues.12 3-16 12 3- 612X 12 5-3212 9-32 12 3-1612*4 UH12X 12K12X ua12 15-33 12 iM311% 12X129< l.'>^

112 ,< USX4.86 4.862.163 2,844

49,30J as.Mi

Wed.12 8-'.«

ViH12 "-32

12 U-3212 15-.32

12 15 3212 5-1612 7-32

12 7-32112«4.^687919,300

Thurs.12 3-1612 r-32

12^-1612 9-1612 19-3312 !S-33

!2XI'-X

112V4.S6515

27,630

Frt.12X1212 1-16iiii

n>i12 7-1'!

12 .5-16

12 7-3212 7-32

112Hi.>6I.IWiO,S.O

The Vibiblk SuppiiT of Cotton, as made up by cable andt

telegraph, is as follows. Tlie continental stocks are the figures'

of last Saturday, but the totals for Great Britain and the afloat

for the Continent are this week's returns, and consequently

brought down to Thursday evening; hence, to make tbe totals thO

complete figures for to night (May 19), we add the item of expor

from the United States, including in it the exports of Frida

only:1876. I87S. 1874.

Stock at Liverpool 1,001,000 tltJS.OOO 7K,000 731,(

StockatLondon 57,000 :06,75D 137,750

Total Great Britaic stock . . . .1,066,000 1 ,094,750 931,750

Sto4^ at Havre 187,250

Stock at Maraeillea 7.'2JO

Stock at Barcelona 90,750

Stock at HambnrK 14,250

Stock at Bremen 51.750

Stock at Amsterdam S7,0;0

Stock at Botlerdam Ih.'M

Stock at Antwerp 19,750

Stock at other continental port--.. 18,250

Total continental ports 462,OCO

147,250 141.500

911,a

145,C

Total European stocks .1 ,520,000

India cotton afloat for Europe 319,000

American cotton afloat for Europe 365,000

Sgjpt, Brazil, &c.,afloatrorE'rope 51,000

Stock in United States ports 45S,.'I2S

StockinU. S. interior ports 6J,954

United States exports to-day 5,000

Total visible supply.. ..baleB.8,779,279

?,500 11.too 18,

&3,500 79,500 65,

15,550 31,500 S8,C

42.350 S6,OJ0 63,(

44,750 79,000 82,

! 0,000 30.2.0 32,(

4,750 15.500 33,

13,000 47,000 88,

363,330 461,750

1,386,500

554,

1.461,000 1,465,1

548,090 603.000 495,(

300,000 430,000 369,(

85,000 70,000 105,(

370,30? 3C6,8S4 347,.

47,038 60,718 65,

2,000 5,000 6,(

3,S15,3!i9 3,912,042 2,336,65|

Of the above, tbe totals of American and other descriptiont ar« as follows,

Anuriean—Liverpool stock 593,000 603,000

Continental stocks 811,000 194,000

American afloat to Europe 365.000 800,000

United States stock 438,335 370,307

United States interior stocks 60.<I5I 47,082

United States exports to-day 5,000 8,000

437,000

844,000

480,000

506.824

60,718

5,000

Total American bales.1,798,879 1,516,339 1,533,543

K<ut Indian, Braxil, <te.—

Liverpool stock 403.000

London stock 57,000

Continental stocks 151,000

India afloat for Europe 319,000

Egypt, Brazil, Ac, afloat 51,000

TotalBast Indla,*c 981,000

Total American 1,79?,479

385.000

106,750

174.230

548,000

85,000

350,000

137,750

217.750

eoi.ooo

70,000

1,599,000

1,516,.339

3,815,339

7 13-l«d.

1,378,500

1,533,543

2.313,042

mi.I,83«,(Total visible supply .... bales . 2,'i79,8:9

Price Uiddling Uplands. Liverp'l. 6><d. 7 13-l«d. SHi. 8»4J

These figures indicate a decrease in the cotton in sight to-nigl^t

of 36,060 bales as compared with the same date of 1875,

deereate of 132,763 bales as compared with the correspondin

date of 1874, and a decrease of 57,379 bales as comp

with 1873.

At thb iNTERtOR P0BT8 the movement—that is tbe receiptsi

and shipments for the week and stock to-niglit, and for thai

corresponding week of 1875—is set out in detail in tbe following!

statement.

:

Week ending May IS , 1876.1Week ending May 21, 1875]

Receipts. Shipments. Stock. iteceipts. Shipments. StockJ

Augusta, GaColumbus, GaMacon, Ga

480308130332389

2,192

88

8,289r.574

888362

3,9?4234

5,6696,2778,2 il

4,16-i

l',745

86,6723,194

39510314369

351815358

1,4163991803.7729

8.137

1,027

5,5746,10

3,61

1,8a

1,6730,5«9,38

Montgomery, Ala .

.

Selma, AlaMemphis, TennNashville, Tenn...

Total, old porta

Dallas, TexasJefl'erson, Texas ...

Shreveport. LaVickso^'g, MissColumbus, Misp.w^.Enfaula. AlaGriffin, Ga

3,6:9

81lOi432741311

17

1

7246

4171,1131,672

7,546

192616

1.04.5

1,096112360465

41

6?,951

619613

3,1.

9

3,.387

8001,456860

2,15746D

2,134

306021842310

35471

183167642

2,0.-

1

7,255

9375

4637203263]

6408154!40

3,0S91,965

4',03

1

351,3440

Atlanta. Ga. 1,1974

Charlotte, N. CSt. Louis, MoCincinnati, O

6771,4.36

2,040

5777,654

17,910

1,697,I8«

9.131

Total, new ports 4,977

8.676

7,465 39,013 3,733 7,700 tt.estt

Total, an 15.011 99,966 5,867 i 14,955 69,858

The above totals show that the old interior stocks

decreased daring the week 3,847 bales, and are to-night 13,922

bales more than at the same period last year. The receipts at

same towns have been 1,565 bales more than the same weekyear.

Page 23: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

May 20, 13:6.] THE CHRONi 1^ 499

^ShipmenTi tbli weelc-«Great Cod-RrltAtn. ttaont. Total.

J876 42 (WO 13,000 B5,0C0

Jg75 45 000 31,000 7.\00fl

1974. ...47,000 38.1)00 75 000

BoMBAT 8atPMKNT8.—According to ourokble deapatcb received

to-dfty, tliere liave been 42,00(1 bales shipped from Bomt»7 to Qre«tBritain tbe past week, and 13,000 bales to the Continent ; wbilethe receipts at Bombay duribK tbis week have been 41,000 bales.

The movement since the 1st of January is as follows. These are

the figures of VV. Nicol & Co., of Bombay, and are broajfbt

down to Thursday, May 18 :

^Shipment! since Jan, l-« ^—Rec«lpt<.— *-

OrL-at Con- ThU BlncfBritain, tinvnt. Total. v>*elc. .ian, I.

330,0'.i0 a-JOOK) 550,000 44,000 •741,000537,000 3lli,000 8S3,000 6«,000 1,017.0005)6.000 2j',voo 82-1.000 58,000 i,o-;3,oaa

* We correct to-asy au c ror in these figures last week.

From the foret;o!ng it would appear that, compared with last

year, there is a decrease of 20,000 bales this year in the week'sshipments from Bombay to Europe, and that the total movementsince January 1 shows a decrease in shipments of 333,000 balescompared wita the corresponding; period of 1875.

Weather Reports bt Tklkoraph.—The past week has

been generally favorable for the development of the cotton plant

and the continuance of farm work. In Texas, however, they

need rain, and in portions of it they need it badly. Other than

this we hear of no complaints, except in tUe section covered by

the overflow of the Mississippi, and that has remained without

tuaterial change during the week. We see our telegram from

Dallas, Texas, states that increased immigration has added

materially to the cotton acreage in that district,

Oalvetton. Texas.—It has been warm and dry here all the week.

Bain is badly needed. Average thermometer during the week

76, highest 87, and lowest 09.

Indianola. Texas.—We have had no rain this week, and vege-

tation is suffering greatly. The fields are clear of weeds. Aver-

age thermometer 76, highest 85, and lowest 66.

Uorsieana, Texas.—The weather has been warm and dry all the

week. We are needing rain, as it is getting too dry to work to

advantage. Average thermometer 79, highest 93, lowest 07.

Dallas, Texas.^-yV e have had no rain this week; a good rain is

wanted. The thermometer has ranged from 5i to 86, averaging

79. Increased immigration has added materially to cotton acre-

age. The wheat crop, though disappointing in some seciions,

will be heavy in the aggregate.

Ifete Orleans, Louisiana.—The weather here has been warmand dry all this week, the thermometer averaging 76.

Shreveport, Louisiana.—We have had no rain this week, but

aome planters complain of the cool nights. The thermometer

has averaged 75, the extremes being 59 and 86.

Vieksburg, Mississippi.—The weather this week has been warmand dry. The average thermometer is 75, the highest 88 and

the lowest 60. Planting is still unfinished.

Columbus, Mississippi.—There has been no rain here, the

weather being warm and dry all the week. Average thermome-

ter 72, highest 80 and lowest 64. The growing crop is about

two weeks late.j

Little Bock, Arkansas.—We have had no rainfall this week. |

" Planters are getting on tolerably well." Average thermometer

74, highest 88 and lowest 55.

Jfashtille, Tennessee.—The weather has been showery on three

days of the week, the rainfall reaching eighty-nine hundredths

. of an inch. The thermometer has ranged from 60 to 82, aver-

aging 71.

Memphis, Tennessee.—Telegram not received.

Mobile, Alabama.—The weather has been warm and dry all the

week, without rain. The thermometer has ranged from 63 to

89, averaging 77. The cotton plant looks strong and healthy,

and is developing promisingly.

Montgomery, Alabama.—There has been one rainy day here

this week, the rainfall reaching twenty-one hundredths of an

inch. The rest of the week has been pleasant and warm. Aver-

age thermometer 76, highest 88 and lowest 63- VVe have secured

a good stand of cotton. The plant looks strong and healthy.

JSelma, Alabama.—Excepting one day, on which there was a

rainfall of twenty.nine hundredths of an inch, the past week has

been warm and dry. The thermometer has averaged 75.

Madison. Florida.—^o rain has fallen all this week. Thethermometer has ranged from 69 to 83, averaging 76.

Macon, Georgia.—There has been one rainy day here this week.Average thermometer 72, highest 89 and lowest 55. Planting is

about comp'eted in this neighborhood, and there has been morecorn and less cotton put in the ground this year than list.

Atlanta, Oeorgia.—There was a shower here one day this

week, the remaining days being pleasant. We have secured a

good stand of cotton. Crop accounts are more favorable. Therainfall for the week is seventy-five hundredths of an inch. Theaverage thermometer was 76, the highest 83 and the lowest 64.

Columbus, Oeorgia.—It rained here severely one day of the

been pleaoant. The average thermometer la 74, the highestMand the lowest 54.

Augusta, Oeorgia.—There has been no rain here, the weatharbeing warm and dry all the week. The thermometer haa aver-

' ajfed 74, the extremes being 54 and 80.

Charleston, South Carolina.—There haa been one rainy day thiaweek, the rainfall reaching three hamlredtha of an inch. Tbathermometer has averaged 71, the highest being 84 and the low-est 63.

Tbe following statement we have also received by telcfcrapkshowing tlie helirht of the rivers at the points named at 8 o'clockMay 18. We give last year's figures (May 21, 187S) for oom-parison.

,-May 18, "76-, ^May tl, '75.-.

Feet. loch. Feel. InekNew Orleans.. Below high-water mark Hi 4 5Memphii* Above low-water mark 83 8 tlNashville. ... .Above low-wat<-r mark 8 10 Mlatioc.Shreveport. ...Above low-water mark 10 8 Mlaauc.Vlcksburg Above low-water mark 41 > 40 K

New Orleans reported below high-water mark of 1871 natilSept. 9, 1874, when the zero of gauge was changed to high-watermark of April 15 and 16, 1874, which is 6-10th8 of a foot abora1871, or 16 feet above low-water mark at that point.

Cotton Acreage Report.—The Memphis Avalaneht haa

prepared, and in its issue of Tuesday, May 16, gives a report of

the cotton acreage tbis year. We, of coarse, by publiahinx it.do

not endorse it and are in no condition, as yet, to express an opinion

on the many points it covers. Our usual information on that

subject we never obtain until after the first oi June, and hence

we have very few facts fram our correspondents, except what

have been given from time to time in our weather reports. Wemust say, however, that with regard to the Atlantic States, all

the information we have would indicate a greater decrease in tbeplanting than the ^Avalanche (jives. Ai to the Western andSouthwestern States, we are not prepared to express any opinionof our own. The prevailing belief, however, calls for an increase

somewhat in excess of the estimate below. With these explana-tions, we insert the material portions of the Avalanche report

:

In Boveral cases, owlne to the recent overflow of the Mississippi River, wehave been oblli,'ed to accept estimates of acreage likely to bo put under ealtl-

virtinn In severiil cuuhlics duriii<: this eejson, which, If done, vra will reportduring the next month. • • • Comparing the present piantlne seaaonwith any previous one, there Is probably none we could draw as closely aathe season of 18r4. That season opened with a partial dry April, wet Mar;and u sprinc: overflow. It was not unusual to hear, durinz thatseason, of planting as late as the 15Ib of June in tbe MlssraaippLValley, and in many cases, where such late planting took place, a full cr»p, iMtin most cases but naif a crop, was the result. The dry summer which followedwas felt everywhere, and proved a disastrous one In Texas. Arkansas, Ten-nessee, and part of Mississippi, and had it not been for the proportionately goodout-turn in the Atlantic States, the probability would have l)een that a crop.

not exceeding .3,500,100 would have b en marketed. We are almost Inclinedto think that the state of ihe weather and temperature of this season up todate warrant nur taking the planting season of 1874 as a comparison, andadopting this view, we must say that ti.e outlook today is not even aa ea-couraKiug as that of 1874, for the rea-!on that Texas and the Atlantic Statesare from two to Ave weeks backward in planting. This unfavorable Itemmight only be counterbalanced by the additional acreage this year comparedwith two years ago. There it probably no section or sections of the cotton b«lt

more advanced than th- se on "he upper Arkansas and in Tennessee, and tt re-

mains to be seen how they will continue for the balance of the season. Al-lowing every acre Kit land to be planted, as it appears in our report, it will beseen at a glance thit there is a visible increase of acreage of a fraction above

X per cent, compared with last year; but deducting the estinnto as supplied

by our correspondents yet to be plautt'd, it w»u d show a result of iii peccent less than last year. Should the late planting occur, such as took place

last year and the year previous, there can ke Vh little doubt lh« the total

acreage anticipated "yet to be planted," as shown In our report, will beplanted, while, should the high water of the Mississippi continue for anyfengih of time, most of that acreage will have to be abandoned for cotton-

iiiantine purposes. We would finally remark to our readers that acreage

reports from other sources may, in all probability, show a much larger increase

in acreage than ours, and to this we would say that those reports of lasc

season showed a deflciency of 200,100 acres less than actually planted, wtaich

nay have occurred from late planting not taken Into account, or a prcceaa of

estimating, which we look upon as anything but a snreguide. ,, . ..

Taljle showing acreage reports of the several coiton Statue f»r th2 laat tare*

years • also the percentage of Increase and decrease, a» compared with 1S75:

Acreage, Acreage, Acreage, Acreage PcrcenUge.States 1874 ls73. 1876. Estimated.* Inc. Dec.

Arkansas 811,000 SV^o-O 871,^00 TCOOO a _

Tennessee 55S,0OI 565,000 578,0CO nOOJ ««Mississippi I,6<)2,n00 l,133,OCO l,*.85.0i0 112,00* SJ<

Alabama 1,:)S7,000 1,411,000 I,4-.S,M)0 8 7-16.. ...

Louisiana »2),' 00 1,081, r<)0 l,av,000 . 8<,t00 » »-J»

Texas 1.079,010 1,.'J10,000 1,3SJ,!«0 > BXOe«r"la 1,811,000 1.465,C0) 1,250,000 1 »-WSouth Carolina... 548.00i) £36,Oi 5S5,00J ' » 1-18

North Carolina... 448,000 4i.\000 4Si,0.0 | 8K?;'<"•">?

j. 2U,000 278,000 257,000 i 5KMiscellaneous., f

''

ToUl.. 8,953,000 9,465,000 9,518,000 197,000 67-100

week, the rainfall reaching one inch and sixty-four hundredths,j

The thermometer has ranged from 62 to 88, aversjfing 77.

Savannah, Oeorgia.—Kain fell on one day this week, to the

extent of two hundredths of an inch. The rest of the week has

• In overflow diatricts, or for other causes, not yet planted, but indoded te1376 column.

N B -The total acreage of 1875 Includes additional acreage report, dated

June 9th, ia75, conseijuently showing au increMe of acreage of 5 OJ-ICO, c«a-pared with 1874. .;.-.- . « •.vDetailed reports showing condition of crop of 18.6, up to May Tin.

Arkansas.—Planting corlh and norihwesljof Pu askl county two we«Ulate : south of that county four to six weeks late. Along the lower Arkansas

and Mississippi a number of planuilons still partly under water. Labor

satisfactory. Less grain planted in thU State than last year.

Tesresske.—Planting in this Slate mostly finished on uplands end •£April. Somewhat backward aleng the rivers. Labor satisfactory. Weatner

aeasonablc. A slight Increase of grain planted. ;„...,„ ..w.rr»nMississippi.-Plantiug backward nor.hwestern Mississippi " '" "^"TJ"

county. On an average this State wi 1 be fully Ave weeks, compired tethe

pSVg of ast year. 'Weather up to 3d of May unusuallv cold. Labor good

ind mo7e plentiful than last year Little difference lo g-afn planted compar«l

"AlLi2l«A.-North Alabama planting two week, 'f'e, C«°^»l A'/S?"about the same as last year. South Alabuna, along the Alab.ini an* To^bigbee rivers, iwo weeks late. Weather stasonabte. No change In grain

planting. Labor satisfactory, with the excepii^a of a few complaints 1*.

coantles bordering on Oeorgia.

Page 24: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

500 THE CHRONIOLE [May 20, 1876.

I^uioiANA—Planting on the Upper Red liver two weeks late. Northeaettrnl^it of Ihia State averages tbice weeko Ule. S ju:u and aontbedn, >hree talour weeks late. Labor satisfactory . Grain piauiiug about the same ue lasijear.Texas.—This State on an average three to five weeks late in plantlne. and

so far reports tomparel with last year very unsatisfactory. o.*iijg partly toexcessive rains iu some sections, and cold temperatures in others. The emi-pxatlon daring the last twelve months to this State htis been larpcr than lii anyJjrcvioas year. Increase of grain planted fully tve per cent compared withaft year.Geoeoia.—Planting about two weeks late on an average ; weather season-

ahlc ; some sections report excess. ve rains daring April ; labor not equal tolast year ; fertillzeis used in larger proportions than any previou') year.

South Carolina.—Several sections of this S^ate report a slight Increise ofacreage; some about same as last year, a number less; some sections twoweeks late in plantluir, others same as last yeir; quite a nurnberof com-tilAinte with reference to la'ior, and fearin? grave apprehensions during the2all on account of poliiical matters; fertiliz trs used freely.

NoBTH Carolina.—Plant ng about same time as last year with exceptionsof three couutiei*, where planting has been retarded. Weatlier seasonable

;

labor about same as last year,Flokida and Misceixaneous.— Planting about same time as last year.

Weather fair, though some sections report ex essive rains. Labor same aslast year, Uttle change.

Wbbklt Rkcbipts of Cotton.—Below we give a tableAllowing the receipts of cotton each week at all the ports of theUnited States for several seasons, indicating, also, the total

crop each year. Oar figures are given in thousands of bales.

Date.

Sept.

Oct.

KOT.

Dec.

Jan.

Feb.

S..

10..

«..U..X..

8..

15..

sa,.

a9..

6..

IS .

19..

as..

3..

10..

17..

24..

31..

7..

14..

ai..

as,.

4..

" 11..

" 18..

" 25..

Harcli 3..

•• 10..

iii;6-7').

^

1S74-75.

^ a

17

34

Jl

7

14

81

as

6

12

19

96

a

9

15......

aaL

80

7

14

nas

4

11

" 1».

" 81

Conectiona*.,

Total at pOTt(

OrsrUiDd

CoB*'m'dSontb

Total crop...

AptU

May

Jane

Jnlr

A»i.

4

19

37

47—107

80

103

138

147

171—639

175

150

186

183-691

158

17S

194

197

187-909

138

162

143

153-594

131

119

111

110-471

86

78

65

63

60-362

42

:i

80-159

26

26

20

1813-74.

^ a

1873-73.

6

15

38

46—9559

97

131

138

150—555

143

160

153

166—627

176

181

188

165

147-857

83

96

103

116-396

108

104

97

78-387

77

63

53

48

39—are41

88

33

23-133

23

30

19

18-7313

14

13

10

6-567

4

S

»-17a

2

a

6- 13

15

13

24

41— 87

58

46

79

101

108-387

138

134

134

134-ElO

170

173

196

215

176-930

142

154

159

171-626

146

181

116

106-499

95

83

67

64

60—368

50

40

32

80— 155

34

26

23

33—9517

13

IS

13

18- 68

9

10

6

5-805

4

6

7— aa

so

^

S,497

aC5

131

8,804

338

139

14

30

51

64-15974

87

98

113

120—492

134

111

119

134—498

134

126

125

103

105—593

133

136

136

115—530

136

133

109

105—46S

83

83

74

56

48—848

49

56

4S

48-199

44

41

84

Sl-lSO

85

18

30

18

B-9015

14

IS

IS- 68

11

11

11

10-4847

^ a

8.83S I 4.171

S,651

141

138

1

913

20—4234

46

64

83

94—331

97

105

101

105—40f'

123

10«

121

130

127-606

111

95

119

121—446

93

86

89

77-345

74

50

50

40

41—255

87

36

39

27-189

30

18

16

13-6714

18

18

10

7- 66

S

4

S

8— 15

3

8

3

18-30IS

1870-71.

^ a

5

11

18

38—7255

69

76

82

85-367

107

132

1!2

119—480

141

153

156

130^1

135—706

140

132

147

151-570

155

'.61

143

137—596

137

137

103

83

78-531

70

65

63

57-855

53

48

46

43-188

37

88

34

84

19-138

19

16

11

11-8711

10

8

15-4445

8,738

188

180

8.930 I 8.974

1.000 bales were for export and specalation. Of to-day's sales,

0,100 bales were American. The weekly movement is glrenat tollowB

:

April 28.dales of the week bales. 46,nouForwarded — 1<),000

Seles American. . . .' 30,030of which exporters took 5,000of which speculators took 3,000

Total stock. 1,021,000of which American 620,000

Total import of the week 81.000of which American 66,000

Actu^lexport 8,000Amountafloat 3S6.000of which American 202,OCO

The following table will show the daily closing prices of cotton for the weekSpot. Satur, Hon. Tues. Wednes. Thure. Fn.

Mid.Vprds. ..©eji •.©•=>< ..®«« .ma ..®6X ..@6«

Mav5 May 12. May 19.61,000 47,000 50,00018,000 lo.noo 8.00035.0JO 23.000 31.0006,000 8.000 6,0002,0CO 4.000 .1,000

1,025,000 l,f05,000 1,001,000629,000 612,000 69S,0«0fiT.OOO 40,000 49,0005-3,000 24,000 22,0006,000 10,000 4,000

312,000 844.000 so.vnno146,000 158.000 101,000

4,038

839

91

i 0-16 . @6 5-16 ..Iii6 5-16 ..@6 5 16 ..(a* 5-16

4.853

5-16Mid. Orrn». ..jFutures. _^

Saturday.-June-July delivery. Upland!", Low Mid. clause, 6 l-16d.July-Ang. delivery. Uplands, Low Mid. clause, 6 5-3»d.May delivery. Uplands, Low Mid. clause. 6d-Aug -Sept. delivery, Uplands, Mid. Low Mid. clause, C 7-32d.

Monday.— Jane-.luly delivery, Uplands, Low Mid. clause, 6d.July-Aug. delivery. Uplands, Low Mid, clause, 6 3-31d.Aug.-Sept. delivery, Uplands, Mid. Low Mid. clanse. 6 3-16d. ".

May-June deliver}'. Uplands, Low Mid. clause, 5 i)l-32d.

June-July delivery, Up'ands, Low Mid. clause. 6 l-.32d.

Jttly-Aug. delivery, Uplands, Low Mid, clanse, 6Xd.May delivery, Uplands, Low Mid. clause, 6d.June-July delivery, Uplands, Low Mid. clause, 6 [email protected] deiivery. Uplands, Low Mid. clause, 6 5-32d.Aug.-Sept. delivery, Ijplands, Mid. Low Mid. clause, ej^d.June-July delivery, Orleans, Low Mid. clause, 6;id.

TCESDAT.—May delivery, Upland?, Low Mid. clause, 6 l-32d. . jMay delivery, Orleins, Low Mid. clanse, 6 l-32d.June-July delivery,L^plands, Low Mid. clause, 6 3-S2d.July-Aug. deliverv, Uplands, Low Mid. clause, H 3-16d,Aug.-Sept. delivery. Uplands, Low Mid. clause, b^d. -

May delivery, Uplands, Low Mid. clau«e, 6d.Sept.-Oct. delivery, Uplands, Low Mid. clanse, 6 S-16d. ";

June-July delivery. Uplands, Low Mid. clause, 6 1 16d.Wednesday.—May delivery. Uplands, Lew Mid. clanse. 6 1-313.

June-July delivery. Uplands, Low Mid. clanse, 6 l-16d.Aug -Sept. delivery, Uplands, Low Mid. clause. 6 7-32®!4d.July-Ang. delivery. Uplands, Low Mid clause, 6 5-:;2l1.

Thursday.—May delivery. Uplands, Low Mid. clause, 6d,"

June-Julv delivery. Uplands, Low Mid. clause, 6 l-16d.Aug-Sept. delivery, Uplands, Low Mid. clause, 6 7 32d,July-Aug. delivery. Uplands, Low Mid. clause. 6>id. *

Fbiday.—June July deliver}'. Uplands, Low Mid. clause, 6 1-16J.Jnne-Jaly delivery, Unlands, Low Mii. clause, 6 l-32d.July-Aug. delivery. Uplands, Low Mid. clause. 6>id.May delivery, Uplands, Low Mid. clause, 5 31 32d.June-July delivery, Uplands, Low Mid. clause, 6d.July-iug. delivery. Uplands. Low Mid. clause, 6 3-32d.Aug.-Sept. delivery. Uplands, Low Mid. clause, 6 3-16d. Z^^

The Exports op Cotton from New York, this week, show anincrease, as compared with last week, the total reaching 6,653bales, against 1,488 bales last week. Below we give our usualtable showing the exports of cotton from New York, and theirdirection, for each of the last four weeks; also the total exportsand direction since Sept. 1, 1875; and in the last column the totalfor the same period of the previous year.

Exports otCotton(bales)n-om New York loce Sept. 1. 18Tfi

BZrOBTXS TO

UverpoolOther British Peru.

Total to Gt. Britain

HavreOther French ports

total French

Bremen and Hanover.HambnrgOther ports

Total to N. Bnrope.

Bpain,Oporto&GibraltaraitJUlotnere

Total Spain, 4ke..

OFand Total

wazK nroiiia

April36.

4,076

4,076

100

leo

4,176

Hay

2,641

3,641

100

103

May10.

MayIT.

6,5S439

1,488

1,488 6,553

2,741 1,488

100

:oo

6.653

ToUlto

date.

Sameperiodprev'nsyear.

307,6011,67)

309,274

1,915

1,915

23,SS78,374

26,780

57,511

124C9

421

369,151

283,550

283,550

6,727

6,727

18,59717,2612,458

38,010

1058

6B

328,358

* JIadenp on connt of atocks, 4tc

GvBirr Bags, Baooiho, &c.—Bagging has been in betterdemand during the past week, and we hear of about 2,000 rolls,

part at 12c. cash and part at 12|c., half cash and half time. Wealso hear that sales had been made in Boston of about 5,000 rolls

at 12f. cash. The market closes steady, with holders askinir 12^0.,cash. Bales are quiet at 9®9ic. for India. Bags dull and nomi-nal at 18c. asked for 440i. Butts have been in light demand, thelate arrivals having supplied consumers' wants. We note sale of800 bales now landing, at 2ic. currency, cash, the market closingat 2}@2|c. cai'i, and 3c. time, the latter for choice quality,

LmCHPOOL, May 19,-3:80 P. M.—By Cable from Livbb.roOL,—Estimated sales of the day were 8,000 bales, of which

The following are the receipts of cotton at New York, Boston,Philadelphia and Baltimore for the last week, and since Sept. 1, '75:

aaoi'nvBoamw TOBX.

New Orleans.TexasSavannahKobileFlorida8'th CarolinaNHh CarolinaVirginiaHonh'm PortsTennessee, &(Foreign

Total this Tear

Total last year.

Thisweek.

SinceSept. 1.

4 0613,.'S40

719

"ie817686

1.C61

1001,5C1

818

18,819

140,1947h,647

83,1648.1607.246

91,56851,409

178,1879,197

192.2->4

3,795

835,88

7.5121 732169

Thisweek.

SinceSeptl.

665

L3511,6»44!»

4,123

3.858

16,9868,734

37,1888,803

1,886

64,05175,85263,340

4

rxnjiDBLP'iA'

357,619

296,011

Thisweek.

SinceScptl.

856

(66

934

488

15,693

33,835

48,850

60,048

BALnxOBX.

Thisweek.

412

SinceSepLI

17,18«

9.67880,97ff

'

53,47«65

5,7(1.

Shipping News.—The exports of cotton from the UnitedStates the past week, as per latest mail returns, have reached25,799 bales. So far as the Southern ports are concerned, these

are the same exports reported by telegraph, and published in

Page 25: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

May 20, 1876.] THE CHRONICLR 601

TnB Chronicle last Friday. With regard to New York, weinclude the manifests of all vessels cleared up to Wednesdayniiflit of this week. ». . , ^ .Total baiesK«w ToBK—To Liverpool, per iteamera Seypt, l,0J7....8cot'a, l.tll

....Oily of Richmond, 71» ...WyomiDK, l,<Wi.. p.r shipa Uat-tar8, SM) Lord Cannin ,;, 101 JSSt

To LondoB, per steamer Holland, -SJ W. I S»To Bremen, per bark A«olu», lOO loO

Nkw Orleans—To Liverpool, per steamera Oalllermo, 3,j00... Legla-lator, i,58»....per Btilp BIriiilnghara, 4,7W 10,813

To Havre, per ship NortliamptOD, 3,4S1 8 481To Vera Cruz, per steamer City of Merlda, 178 175

CHARLtsToN—To Liverpool, per bark Auevoca, I.IOI Upland and 183Sea Island 1890

To Havre, per bark Patriot Qneen. 1,91» Upland • 1,011Baltimore—To Liverpool, per ateamcr Caspian, 50* and 70 bags B72BosTo.v—To Liverpool, per cteamtrUecIa, 301) SCO

Total aj^TM

The pnrticulais of these shipments, arranged in oar aanal (orm,are aa follows :

Liverpool. London. Havre. Bremen. Vera Craz. Total.New York ....6,"24 J9 100 6,8.^3Now Orleani in.S!3 .... S,48» .... 175 14,47*Charleston 1 S90 1,914 ... .... 8,804Baltimore 57i .... .... .... .. 57iBostoa 300 ....

,.'.' 800

ToUl i0,099 19 i.H9e ICO 175 »,790

Below we give all news received to date of disasters, 4c., toTessels carrying cotton from United States ports :

Fritz, bark, (Dtcli,) Isaacksen, from New Orlean". March »3, for Havre, wlilchput into Brunswick, Ga., April 4, In dl^'trc^s. aftT having been aaliorenear St. Simon's Bar. was condemned and sold Mav 9 for 15,633.

CoUon freights the past week have been as follows :

Liverpool. , .—Havre.—.

.

Bremen ,^Hambarg.—Sail. Steam. Sail. Steam. Sail. Steam. Saild. c. c. c. c. c. c.

. .@7-3J Jicorap.

..©7-31 Xcomp.

J(®9-3« Xcomp.Xas-Sl Jicomp.^®'J 3-i JKcomp.

EOROPBAN Cotton M.<irkbt3.—In reference to these marketsoar correspondent in London, writing under the date of May6, 18T6, states

:

iiiVBBPOOL, May 4.—The following are the prices of Ameri

-

can cotton compared with those of last year

steam,d.

Batnrday @V(Monday ©!»Tuesday... 9-lia,VI6Wednesday 9-Sl&i-'.iThursday.. »-i235-16Friday 9-3*85-16

Xcomp. Jjcomp.Jicomp. %comp.>icomp. ^•comp.<l(comi>. .'icomp.Xcomp. Jicomp.Xcomp. Jicomp.

Bea Island. ISFlorida do 14

Ord.Upland 5Mobile. ...5Texas 8H. Orleans.

5

Mid.Pemam.Ac ...

Ceara, Arl-catl, &c.. ...

ParaibaSantosBahia, Ara-cajn, Ac

MaceloMaranham. ...

,-Ord.4 Mid-. ^Pr.& G.Fr.-. -G.& Fine-.18

Q.O.5XiH8«

M.F.en

s

19 8017 18L.M. Mid.5 13-16 6 3-165 13-16 6 8-165 15-16 6 5-166Fair.

6?i

6X6 3-16

6H

5X6X6?i

O. F.liC

7

6¥6Ji7,«,-

2119Q.M.6?i

6>i6X7Good.

7X

3031MId.P.

'hi

,'^lne,

,—Same date 1875 ,

Mid. Fair. Oooi'.18 19 as16 17 20Mid. G.M. M.F.7% 8 Mr, 8?i7 l5-!6 9 3-:«8 7-16

7 15-16 9 3-18 8 9-16

8 l-'6 SH 9Fair.M.F.

8Q'd8»

'% 9%8

SH

13-16 8 8-ia

1H.8

8X8X8H 9X

187». 1875. 1374. 18t6.balea. bales. bales. bales.

American 70,880 155,850 80,l!iO 2B,754Brazilian 550 4,S30 5, no 847Biryptian. &z.W. India, Ac.

11,0.30 9.890 6,7 ;o 1,9 «4C0 1.560 J,I03 2.954

B. India, Ac. 18,150 5-1,640 a-,«99 73,551

Since the commencement of the year the transactions onapvcalation and for export have been :

r-Aetaal ezp. from ActaalLtv., Hnll St other exp'tfrom

—Taken on spec, to this date-. outports to date—, U.K. in1I»« Ime .Q-.< IQti!

Jgyj. Ig75.bales. bales.30,083 146,0606,t3:i 58,2701,373 9,050T,432 S5,7C0

(:3,599 497,130

Total 100.410 194,170 121,690 106,093 Ii9,3i0 706,210

The following statement shows the sales and imports of

-cotton tor the week and year, and also the stocks on hand on'Thursday evening last :

SALES, ETC., or ALL DE9CBIPTI0NS.

, Sales this week. . Total Same AverageKx- Specula- this period weeklysalef.

Trade, port tlon. Total. year. 1875. 1876. 1875.Atae.-I can..bales 42.C70 2,020 1,940 46,o:» 6Ot.480 677,030 41,380 36.010Brazilian 1,810 1,000 .... 2,S40 59,310 193.5S0 3,480 10.050

Egyptian 8,900 290 40 3,230 SS.-ilO 101.460 6,i;0 6.110

Bniyrna & Greek(. ,», ,„ • o-,-, i ''•<' 1,«11

j. 710 1 cjOWest. Indian....) -^^ ^^ • • ^''\ 1«,300 38,050 f

' '" '"^East Indian 9,140 2,210 100 11,4:0 2)3,630 847,460 7,210 12,020

Total 53,210 5.t30 2,C80 63,920 1,000,320 1.358,560 69.910 65,810

This.week.

American bales. 52,001Brazilian 6,060Egyptian 2,232fiinyrna and Greek ....

Westlndian l.CODEast Indian.-. S,4i9

—Imports.

-

To thisdate1876.

1,111,913142,61717S,-i:i3

;183

li!,9!«

129,978

To thisdale This1875. day.

98fi.343 6S9,0flO

179,061 143.3C0138,039. 144,8502,053 86018,147 7,430

251,423 97,84)

-Stocks.Samedate1875.

58-i,3S0

74.460101,1802.1906,020

185,050

Dec. 31,1875.

886,7206J,030

86,000

^9,930

171.070

ToUl 88,772 1,570,214 1,573,697 1,025,230 951,130 616,770

BRE ADSTUPFS.Fridat, p. M., May 19, 1876

There has been an upward tendency to prices of flour the past

week, and at times an active business, though the market has

uot fully shared in the advance which has taken place in wheat.

The medium Western extras from winter wheat have become

!«• plenty, and bare not competed so actively with low esttMfrom spring wheat. L-jcai miilerahave been fully employed uponorders, and regular shipping extras have met with* free sale at

15 10@|.5 25. Low grades have also done better. The highergrades of bakers' and family brands have been more aaUble.The production of flour is progreaaing generally oa a prettyliberal scale. To-day, a line of 2,000 bblt. extra Bute told at

$5 20, and choice superfine brongbt $4 60, but otherwiea themarket was quiet.

The wheat market has been buoyant, and early In the weekwas quite active, but tinco the higher quotations were eitabliahed

busfness has been less active. Thtre have been large lines sold

of No. 2 Milwaukee at $1 24@|l 2S, of No. 1 spring at 91 82<<^

ft 33. Shippers have been favored by advancing gold and «liberal supply of freight-room. The demand early in the weekwas -malniy from the Continent and for local milling, but latterly

more business has been done for Great Britain. Ueceipla at theWestern markets continue to show a falling off from last year,

and the risible supply is rapidly reduced. Crop accounts aregenerally favorable. To day, the market was firm, and moder-ately active, but closed quiet.

Indian corn has been in large supply, but so active was the

demand that prices of merchantable qaalities have advanced 1@2c. per bushel, a large buainess being done yesterday at 59i(a62{c.

for new Western mixed, as in quality. In Southern white there

has been an exceptional decline, two small cargoes selling at (V5c.

Receipts at the West are considerably in excess of last year, andfor future delivery, prices are no higher; prime mixed sold yec-

terday at 61c. for June. To-day, there was a slight farther im-

provement, with sales of steamer mixed at 611@81fc., but the

market was generally quiet.

Rye has been active and higher, mainly at 92(394c. for Canadain bond, mostly for arrival, but the close is quiet. Somesales of barley have been made, and barley malt has brought

rather more money. Canada peas, after further aalea at 95c,,

advanced to 98c. In bond. Oats declined rapidly, until yesterday,

at 3Sc. for No. 2, and 41c. (or No. 1 grade 1 mixed, an active

demand sprung up, and a steadier tone waa developed, with No.

2 graded mixed at 38}@33c.

The following aie closing quotations

:

ri/OUB. t OBAia.No.t wbbl.|3 253 3 75 Wheat-No.3 spring,basb.tl 119 1 17gaperfine State c& West-

| ifo.tsprlLx 1 193 1 t6era 4 3)4 4 651 No. l^prlng 1809 184

Extra State, Ac 5 OSS 5 30Western Spring Wheatextras 4 90(3 5 30doXXandXXX 5 Si® 6 75do winter X and XX.. 5 00(S 8 75

Unsound winter cxtias.. 4 50<S 5 75City shipping extras.. .. 5 10^ S 90City trade and famil}brands 6 503 8 50

SoDthern bakers' and fa-mily Brands 7 OOjl 8 75

Southern shlpp'g extras.

.

5 40^ 6 50Eye flour, sapernne.. .*.. 4 8O13 5 15

Cornmeal—Western, *c " ""~S 90a 3 8:

3 553 3 t;0

No.l spring 180:Bed Western 1 OS:

Amber do 1 80aWhite 1;

Corn-West's mlx'd,nsw S8|Tellow Western, new. 623Southern sew 6.3(i

RyeUats—MixedWhite

Barley—Canada West. .

.

IIState, 2-rowedState, 4-rowed _

Barluv Mat—State . ... 9Sa 1 IsCanadian 115®!^

Peas-Canada.bond&free 97^ 1 IgOoxn meal—Br'wine. Ac.

The movement in breadatu&a at thia market haa been aa fol-

lows :

BECEIPTS IT aiW TOBE.—

.

< BZPORT9 raOlf HBW T<>BK.— -<

, 1876. , , 1876. , . 1375. ,

For the Since Since For the Since For the Sinceweek. Jan. 1. Jan. 1, '75. week. Jan. 1. week. Jan.l.57,516 1,375,437 1,174,607 21.4:9 73«,254 3J,4W 6S9.8014,».32 61,032 63,175 8,475 62,(96 S,«5 S!',768

7f5,985 5,62.3,913 3,646,103 671,722 8,136,6)2 1:5.940 t!,806,7«l

771.419 6.218,1)7 7,309,891•

561,296 4,6S8,036 8t5,9S» 4,S)7.3lB

37,588 117,729 12,375 39,597 14 ',201 • < •• (4,148

101,301 1.693,508 812,661 no467,831 3,343,013 2,.300,9S7 1,673 73.96.31 8 891 46.02i

Flour, bbls.C. meal, "

,

Wheat, bus.Oorn, "

.

Rye, " .

Barley. " .

Oats ..." .

The following tables show the Qrain in sight and the move-

ment of BreadstuSs to the latest mail dates

:

RECEIPTS AT LAKE AND RIVER PORTS FOR THE WEEK ENDIKO

M.\Y 13, 18TC, AND FROM AUGUST 1, 1873, TO M.VT 13, 1ST6 :

Flour,bbs.

At— (196 lbs.)

Chicago _..— 34,318Milwaukee 44,483Toledo 1.563Detroit 6.158Cleveland 2,965St. Louis 17,s80

Peoria.. «,4i:0

Duluth 1,500

Wheat, . Cord,bash. - baab.(601bs.)<MS61lis.)116,611 .- 539,76224)-,04S 8,30163,613 7!i,S57

48,"40 - 8.50T62,550 ' - 5,10061.017 i »'»,2;o7,1*0 17J,700

47,303

Oats,bosh.

(32 Iba.)

217,75729,66516,53183,3002<,9'089,82307,250

Barley, Bye,bnsb. bnsh

(48 Iba,) (56 lbs.)

3-a,3M11,140

6,510l.iOO

11.900

3.1537*0

2.6008,981t,80J

Total lll,in 694,867 1,044,917 474,™ 71,742 16,11*

Previoasweek 106,301 578.7f8 -1,727.628 6I4\164 71,SS2 87.979

Oorresp'ngweek.'75. 119,4J6 1,257,171 , 859,-:01 375.110 8«.«1 10.156*^ '^« •74. 1-31,671 1,51.3,382 1,0^2,136 5S9.130 1»,.*» 15,228

Total Jan. 1 to date.1,806,680 18,114,475 «,865,151 6,780,194 S,479.5«l 4e,^7J

Same time 1375 1,551.002 l4,6!«.l7i 16,684.238 6.311.103 1.4)7,3«4 402.SSI

Same time 1874 8;375,456 24.93',Sb9 1»,3J9.9.M 8,598,753 2,081,755 888 8e8

ToUl Ane. 1 to date..8,9*0,920 50,211.4:0 41.ia>,28« 81.063,4)1 7,013,049 1,9«,81S

Same time 1874-5.. .4,801.982 49,214,'.lll 35.3)3,912 18,029,143 5,634.577 1.0'.7,h»

Same time 1873-4.. ..5 054,614 66,824.841 42,957.589 Sfl,88n,997 6.S*',010 1,807,8«

lame time 1872-3.,.. 4,491,760 4C,0S6,C01 H,855,8a l»,7«l,509 8,953,038 l,1«0,98f

Page 26: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

602 THE CHRONICI.E. [May 20, 1876.

Shtpmbnts of Flour and Grain from the ports of Cbicago,

Milwaukee, Toledo, Detroit, Cleveland, St. Louis, Peoria and

Dalath for the week ended May 13, and from Jan. 1 to May 13,

inclusive, for four years

:

Floor, Wti at,

Week— bbl*. bush.May 13. 1876 1U,78< l,a<)7,695

Mayo, 187« 121,401 2,S07,(V)\!

Cor. week '7!> lOi.m l,68-.,I0i

Cor. week '74 14.V013 1,861180Cor. week '7» UifiV 2,8M.8:4Cor. week '7-J 11B.918 i^^.tKCor. week '71 89,9u9 8 >S,0«l

Jan. I to MHy IS, 'TS.tSaB.^SO 11 0)l,8-.8 18,731.747

Same time 1875 1,6».46» 7,578,131 10,834.8738»mR time 1R74 .... 2.in-2,148 17.774,93! 8,780,810

BameUmel873 ?,098,«4J 7,8J3,977 10,011,394

Corn, Oat>,bnah. bdsb.

1,780,414 716,'3i?

1 8'M,735 493,681

I,iVJ,!7« El3,ia»

l.a7J,".57 7*8,7ti9

1,S05,620 581,7.18

2.818.184 43%1981,171,58) 278,331

Barley, Rye,bash. buBh.2«,.346 SJ,1M50.193 83.18)14,M4 5,<W5

83,935 8J,5.39

83.695 19,90014.031 84.1313,447 14,735

4.841,891 1,077.870 879,871

.3,711,117 79r,791 830.4174,7"2,505 1,144. 2!rt ?,300,2'8

4,555,053 1,412,910 159,201

BBCBIFTB OF FLOUR AND GRAIN AT BKABOARD FORTS FORWEBX ENDED MAY 13, 187(5.

Wheat, Com, Oat^bnsh. bush. bnsh.619,634 6)5,1.32 449,656

At-KewTorkBostonPortlandMontreal .

PhiladelphU 13,870Baltimore !9.885

Kew Orleans 1P,S6B

Flonr,bbls.67,84930,1154,800

84,67313,817

873.4:*)

160,00045,000

Com,bnsh.

6)5,1.32

800,1958,600

12,281(07.000477,00082,161

84,875600

19,5)488,70030.0003).316

Barley,bosh.

51,2678,940

11,500

THB

hash.35,853

!,030

Total 170.630 1,131,890 »017.3:3 656,'»1 «'!,707 37,253

Prerlousweek 17S,3S0 658,1.30 1,786,311 42.3,805 98.450 41,810

Cor. week '75 16H.45S 8S9,8J7 988,987 8n,540 6,%1 2,300

TotalJan. 1 todate.3,171654 9,007.035 25,941,049 6,090.436 1,823,391 184.727

8ametlmel875 3,14:S,314 7.216,8 20,37S,61

1

6,54-2,1'l7 299.241 59,995

8ametlmel874 4,004,587 10,353.717 18,691.404 4,885,181 678..'i90 475,391

Sametimel873 3,093,142 3,553,745 10,685,8).) 7,113,176 3,011,879 3i,B46

Thb Vibiblb Supflt of Qrain, comprising the stock Id

fpvMTj at tho principal points of accumulation at lake andeaboard ports, in transit by rail, and frozen in on t)ie New Yorkcanals and on the lakes. May 13, 1876

:

Wheat,bnsh.

In store at New York 1,408,400

In store at Albany «,:)0n

Instoteat Uutfalo 628,614In store at Chicago 1,587. .562

In store at Milwaukee 1.044,654

In store at Oiiluth 315.082In store at Toledo 397,533In store at Detroit 15),.398

I« store at Oswego* 160,000InetoreatSt. Louis 197,117In store at Peoria 7,635In store at Boston 10.945

In store at Toronto 555,248In store at Montreal 428,-360

In store at Philadelphia 250.000Inatoreat Biiltlmore 18,817lake fhipm.'nts. week 964.655On New York canals 1 ,09."..2:)3

Bail shipments, week 333.030

ToUl 9,4S2.487 4,990,1503 2.58S.748

May 6, 1876 Il.531.8i4 6,781,674 2,924.!28

May 15, 1875 11,300,888 8,486,438 8,405,654

* Sstlmated.

Cora, Oats,bnsh. bnsh.216,245 5(3,025IS.OOO 48,000

336,314 62.000695.977 318,7)918,088 56,524

801,811 215,44613,3.V) 89,89335,000 20.000

48t<,273 151,31048.ti45 74,20081.986 80B85

4U0 8.7.30

20,123 81.312240,000 110,0005S7,470 22,000854,480 Sl!),4:l

188,400 125,048

1.42),96t 497,475

Barley,hush.31,89331.000

1,210121,869103,928

18',«0

8,39715,00032,9033,S3<

6,16315.54310.^08

10,000

94,346

Rye,bush.4,34687,2001,719

63,96S8,784

'397

i\im7,88086,019

6861,333

a'.sob

1,800

8.1,659

88,155

488,457 217,810514 376 261,304114,01)9 49,796

TE[E DRY GOODS TRADE.Fbisat. p. H.. May 19, 1876.

The package trade has be«n quiet the past week in nearly all

braachef. Eaily in the week, Messrs. Wright, Bliss & Fabyan,

Tepresenting several of the most prominent Hew England mana-factnring corporations, announced their determination to sell at

auction, on the 23d inst., 6,000 packages domestic?, and this had

m depressing influence upon the mark't, and restricted opera-

tions, although it is thought such a sale will bs of ultimate bene-

fit to the trade, as bottom prices will be thus reached, which will

probably be followed by a steadier market than has been wit-

nessed since the autumn of 1873. The stock of the JohnsonManufacturing Company, consisting of 331 cases, book fold ging-

hams, was peremptorily sold at auction and brought good prices.

There has been a slight improvement in the demand for heavywoolens for the early fall trade, but operations in light-weight

fabrics have been quite moderate. Further failures amongwoolen manufacturers are reported, including the BerkshireWoolen Company of Great Barrington, Mass., and Messenger &Wright, of Worcester, Mass. The latter failure has also causedthe suspension of Messenger, Fislier & Co., dry goods jobbers in

this city, with liabilities of $200,000. The small profits attending

the production of print cloths (at present selling at 3fc, cash;, anda lull in the export demand, have caused manufacturers at Fall

Eiver to take into consideration the expediency of working half,

titte from June 1, which measure will probably be adopted. Inforeign goods business has been v6ry light, and prices of mostfabrics are low and unsatisfactory.

Domestic Cottox Goods.—The export trade in cottcn goodslas been leas active, only 830 packages having been shippedirom this port last week, of which about one half went to Liver-

pool, 160 packages to the British East Indies, and thi rt^mainder

in small lota, to other countries. The home trade was very light,

And restricted to such small lota as were absolutely necessary for

keeping up assortments. Prices were nominally unchanged imfirs' hands, but there was virtually no market, both buyers and'

sellers anxiously awaiting the result of the great trade sal^

alluded to above, which will be the largest peremptory ofiFering'

of domestics ever made in the United States, and comprising the-

productions of the following mills, which run over half a million-

spindles : Pepperell Manufacturing Company, Lteonia Company,Androscoggin Mills, Continental Mills, Bates ManufacturingCompany, Oiis Company, Boston Duck Company, Warren Cotton

Mills, Columbian Manufacturing Company, and other corpora*

tions. Fancy prints continued in limited request, but shirting-

styles were distributed to a fair aggregate amount, and Lancas-

ter cambrics having been reduced to eight, net, met with liberal

sales. Ginghams were in steady request for moderate lots, despite-

the auction sale of these fabrics, referred to above.

Domestic Woolen Goods.—There was an increased demand!by the early clothing trade for moderate parcels of heavy cassi*

meres, and the same class of buyers commenced operating inj

heavy worsteds, but transactions were cautiously conducted, and

buyers evinced much less liberality in their purchases than iai

former seasons at this period. Light-weight cassimeres received^

little attention aside from a few specially attractive styles whicll

were placed with cloth jobbers to a moderate amount. Over-,

coatings were in less than the usual demand at this time of yearJ

because, perhaps, of heavy stocks carried over by clothiers,!

owing to the mildaess of the past winter. Satinets and jeanal

were in limited request, and there was merely a hand-to-moathl

demand for flannels. Carpets were comparatively quiet, Lntsteady. Worsted dress goods moved slowly, and shawls wervery quiet.

Foreign Dry Goods.—Much of the interest pertaining tol

imported goods was centred in the auction rooms, where severall

large and successful sales were made, including a line of 3,0

pieces dress silks of the importation of Messrs. E. Warburg &|Cc., and a large assortment of real laces and lace goods, which

were sold by order of Mr. Richard Salembier to good advantage.

Id first hands, dress goods were quiet and those of a fane/ char-|

acter are selling low. Black silks were in steady request, andlthere was a fair movement in millinery silks and ribbons. House-

keeping linens and handkerchiefs met with moderate sales, andj

there was a fair inquiry for staple and fancy white goods aniHamburg embroideries. Mens'-wear woolens were dull witlk]

importers, but a little more active in jobbers' hands.

We annex prices of a few articles of domestic manufacture

:

Domeatlc Glnsban>*<Amoskeag . llj^ I Renfrew 11>f I Baird 10Bates i;x

IPlunkctt 11^ | Belfast S*

Glasgow lOX ;Johnson M(g Co... 16 | Shirley «V

Gloucester I Mohawk 11 | White Mfg Co 11

Larcaster 11^ jAlamance..; 1^ I Carleton 13)^1

Namaske 11 KandalmoE 11 {Miami 10

&ppleton !0Amoskeag A 10Augusta. 9Boott 10

Broivn DrIIIa.

I

Laconia ...10-10;fI Lyman H 10

ILangleyB 14 t>i

IMassD 10

Denims.

Mass. G SWIPspperell lOJi 1

Start A 9^3

Amoskeag 20 Carlton Thoradike A.. 10do B.... 15 Everett 20 Uncaav'e BCA. 14

Boston 9 Lcwiston .... York 80Beaver Cr.AA. 15 Otis AXA Warren AXA., 16

do BB. 13 do BB 14 do BB.... 14do CC. njf do CO .... .. 12 do CC. .. IS

Columb'n h'ybro 18 Pearl Kiver. . 19 Gold Medal... 10do XXX bru 17 Palmer 10 Haymaker 10

Cotton Sail Duck.Woodberry and Druid No. 10 31 Ontario and WoodberryMills and Fleetwing.

No.0 38Light duck- USA Standard 23X In.

Bear (8 oz.) 29 la.. 15 do 8 oz. 18No,l 35 do heavy (9 oz.). .

.

do ex heavy bear18SO

do 9 oz.do 10 oz.

£0N0.2 34 :2N0.3 32 Mont. Ravens *.i9in. 17 do 12 oz. 86No, 4 30 do 40in. 56 do 15 oz. 38N0.5 28 Stark, 80Z. 15 Ontario Twl8,29in. ...»N0.6 27 " lOoz

Columbian2)16

do Slln.(8oz)do 36 in....

IS

No. 7 25 30No. B 24 Ravens 15 SxtwlB'Tolhem's' 11No. 9 23

Stripes.Asapha 10>f Centnry Chev't. 20 OlisBB 12Americ.in 10-11 Cordis awning . 85--27>4 Purk Mills Ch't. wtAmoskeag...... 13-14 Columbian 10S< ThorndikeA.... 14

do fancy 13!< Evere-.t Cheviot I3V do B.... 18Bates Cheviot.. nn Everett heavy.. 17 Uncasville A... 10-11Belm'nt Chev't 14 Hamihon 13-14 do UCA. 1-2-18

Clarendon do i'.X Lew'nAA.Chev. 13 Whittcnton AA WfCreedmoor do 10 do A ... n do B... WifCberwell do 10 Massabesic

Ckecks.13 1 do fancy XX 15

Caledonia,No.7.. 11 Far.&Min.No. 10 88 Union M. No. BO ndo N0.8.. 13 ParkMiIl8,No.60 12 do No. 70 • • ••

do No9.. 15 do No. 60 14- do No. 80 .>••

do No. 10 17 do No. 70 16 do No. 90 ..*•

do No. TO do No. 80 17 do No. 900 • ••>

Far.&Min, N0.5 12 do No. 90 19 do No. 800 ..*.

do No. 6 14 do No. ICO 20 do No. 700do No. 7 16 Union Mills.No.lS 15 Prodigy t3>4

do No. 8 18 do No. 20 16 Lewistou A 1«^do No. 9 19

Page 27: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

JVfay 20, 1876.] THE CHRONICLE/ 50S

Importation* or Drr Good*.

The importationa ot Arj (foods at this port (or tha week nndiogMsy 18, 1876, and for the correspondlDK weeks ot 1875 aod1874 bave been as follows :

SMTSItSD rO^ OONSDlirTIOlC FOB TBS WBBK IIIDIKa XtT 18, 18'6:

lUnafactarea of wool..

.

do cotton

.

do ailk....

do dax....MlacellaDaoatdry goods

1874 .

Pkgi. Value.448 |tig.'l,94!)

. 971 *7»,4i4

. StO S!-7,Hl9*8 tOO.Si4887 10.3.8M

-1875-Pkza. Value.

tlM,4638M,5<*443).Mfflil.67893,016

3-.II

1,188735Sl(

. 1878Pkira. Valni".

Sal

i83

$99,817I5:i.«'<»l

»!!9.817

Hi,7n85,'J4T

Total 8.814 |l,iiH,3i)6 3,115 |I,1'A9818 S,117 |6:0,8»«

WITHDaAWIC FBOH VABSBOOSB AND THHUWN INTO TBI MAHKIT DDBINS TBIBAMS FKRlOn;

Hanufactaretor wool.... B64 {338381 2:19

do cotton.. 431 134.253 193do Silk 130 107,.S!)» 49do flax 465 99.876 £31

UiscallaQeoas dry goods. 4,i86 31.651 1,923

ToUl 5,878 »66l,7bS 2.735AddeDt'dforcoasompt'n 3,8 4 1,164.306 3.115

tll3.6:<652,68tB«.6;10

89.0S32t,38«

1306.4(17

1,150,931

299 «13l,t«0272 70,579»J 107,014

819 79,m,154 2;,7»0

2,1352117

t416,<)5S69J,894

roUl thrown upon m'k't. 9,693 {1,826,063 5,330 tl,4>7.S39 4,361 tl.116.85i

BNTERSD roB WABSHOnalNS DUR(H« SAME PKRIOO!Xanafacturesof wool..

do cotton..do silkdo flax

Hlaoilsneons dry goodr..

85980143719660

tl4».35010l).7'13

33,874136.951

43,570

21317753912

2,593

$120,07661,14045,90345.66545,216

19017483430593

}89,t3l51,i;S45,'*7

10-.,6I6

34,755

ToUl 1,987 $170,381 3.S91 $11l,f03 1,475 t31"<.»50iLddent'drorconaamptD 3,814 1,164,306 3,115 1,150,982 2.117 699,894

rotalenteredSi the port. 5,801 (1,631,687 6,393 $1,461,932 3,592 $I,019,1M

Import* or Ijeadlnz Artleie*.

The following table, compiled from Custom House returns,

.showa the foreign imports of leadiaa; articles at thii port slaca

Jan. 1, 1876, and tor the same period in 1875 :

[Tbs quantity is gi?en In packages wben not otherwise spscllled.]

Shins, Qlaas andKartheaware—

ChinaEarthenware.-.GlassGlasswareGlass plate

AattoueCoal, tonsCocoa, ba^fl..Coffee, bajjaOotton, balesDross, ,fcc—Bark, Peruvian..Btua. powders...CochinealCream Tartar...QaiubierGum, Arabic...IndigoMadderOils, essential..Oil, OliveOpiumSoda, bl.carb....yoila, sal

Soda ashFlaxFursGnnnv clothHairemp, bales

Hide;*, Ac-BristlesHides, dressed..

India rubberIvoryJewelry, &c.

Jewelry .... ....

WatchesLln!»eedMolasses.

Since SameJsn.1,'76. time 1875

7,64613.Ui»

121.9D30,OJ48,'i26

»,10T11,4'ao

9,126663,872

l,90ii

14.281

10,495901

16517,611l,b63

1.638S.')6

26614,610

5069.477

ll.M!J7.901,71 b

S,2b6

i.sii

69,738

5<>9

l,71'.i

17,743919

1,191211

S70,49<46,523

4.56014,49*2I25Mll,il3

4,1 33,2109.67.6.3)5

601,72'J

599

10 0'

13.0342,16025*

4.3*51,744l,2i;'

6W512

13,812313

ll.SlK.'

24,817

23.3734,2JI

3,llt7.10

1,60:.

55.253

6662,811

16,24!i

l,79d

1,2703)0

3M.I8)44,877

Metals, <fec.—CutleryHardwiiieIron, RR. bars..Lead, pigsSpelter, TbsSteelTlu, boxesTin slabs, lbs...

«»(?•augar, bhds, tcs. i,

bT)l6

Sugar, bxs &, bags.Tea :..TobaccoWasteWinca, Ac-Champagne, bks.Wines

Wool, balesArtlda reported byvaliu-

CigarsICorksFancy goods.. ..

FishFruits, Ac-LemonsOrangesNutsRaisins

Hides, undressedRiceSpices, Ac—CassiaGingerPepper

Saltpetre^oods

CorkFusticLogwoodManogany

Since SameJan.1,'76. time 1875

1,611253

13,199110,2.30

19.460331,47

4,1 17,21,7

54,935

2S2,')5.ii

770.551541.44522,46i

339

35,43634.4772S,U86

$516,15618,634

378,04o

186,707

20S.4I781l>,27:i

33I,'h;)2

571.0753,170,76

S5,9J2

61.57962.356

26-3,596

68,480

155,05125.879

314,34028,618

1,781

1,4352,4M

39,935142,Ml36.465

425..300

3,312,45952,674

2M.435856.4684l3.ti:8

23,279972

'porta or l.«a<lluc Arliclaatrom tsuw Vvrll.The following table, compiled from Ciutom UuuaereCanM^

shows the exports of leadio^f articles from the port ol N«wYork since Jan. 1, 1876, to all the prlnclptl foreign conatries.and also the totals for the last week, and since Jan. 1. Tb*list two lines show (dtai values, IncludlDg the Talne of all otherarticles besides those raentioned in the table.

3 Z

^0^- „ . „- .- g--.^g.jfl

•t-j

05- ig iS i : :g iiS i if :S^2»j ! =? j" j"

!

" 2S•i 58

SS^-SS : :;

no

:S : : :S .85SKS8 :« : :a :" :asSSS

MISS

""' corf

?S'SS . :| :- :2 ,| i| i|?£|g56S;Sgg : g.

en

2 i!>'

« _• — '- = » :Si :SS^ Gt

.0, « « . .0 • 2SI2

121.Sf.2

23,019128,80656. M7

Receipt* or Domestic Produce.

The receipts of domestic produce since Jan. 1, 1876, and for thename time in 1873, have been as follows :

Since Same Since Same.Ian.1,'76. time 1875 •lan.1,'76. time 1876

Ashes pkgs. 2,35: 3,056 Pitch.. . 1,:!:5 331Br.-adstuirs— Oilcake.... . pkgs. 185,777 101.519Fl.mr bbis. 1,375,48: l,174,f.07 Oil, lard... 2,1.W 2,8ilWheat bush. 5,1.2 ^,^4^ 3,641,00:) Hcanuts. .. ..bags 32, 153 2^,139Corn 6,218. I37 7..«),S94 Provisions-

1

Oats 3,:<48,041 2,30 >,:m Butter . .pkgs. 3«4.23Sl 336.132Rye lr.,7J!l 12.3:5 Cheese. .. 219,172 lS7,ii67

Barley and malt. 1,696,11* 82i,.^61 Cutmeate 21.i.6 7 167,195Grass seed.bags. 67,v88 00,7J-> Eggs ... 274,714 l;6,'.3l

Beans bbls. 42,8-'7 2S,6').i Pork.... 10(.,851 S1.5i2Peas bush. 686,9.3 200,44; Beef. .. . 43,t62i :.5,-08

C. meal bbls. 69,1.8; 6.1,1 7.'-. Lard 159.%> iBi.iiiS

Cotton bales. 8;6,77i. 300,418 Lard .kegs. 6,745; K.IMHemp bales. 1,H1 H61 Rice pkgs. 20 7jO| H,77i

Hides No. l,3.)0.7.i1 77S'^11 SUrch I2i»,..l.7, 13i,4'il

Hops bales. 34,2rt4 8,-i7l .Stearine— io,;:6 9. 34Leather. .. sides. l,7iO,5in 1,501,677 Sugar .bbls. 3; 311,115

Molasses hhds. 31 ... SugarTallow... .

.hhds. 8.731 8, 81Molaiues.. bbls. 40,029 20,937 .pkgs. 17, .57 .V915Naval Stores

rabacco . 78.761| 7i.2WOr. tiirp. ..bbls. 931 8,178 Tobacco... .hhils 85,€45 12,116Spirits turpen... 19,718 t\l,i5.' Waiskey. . ..bbls. 5),6:i7 7..,707

Rosia 91,097 19.J,4 ;u Wool .bales. 17.212, 13.013

Tar 8,.')70 1.).828 Dressed Hogs. . No. 3.5,513! 16>22

s ss

• -of • •

'Sii2:Mi|Sr::::;Si:e5

:S :S

:S

g 'tS

ii

ill • : ; I ilSii i »s"-

Si

gg• • •

• •

- : : SSf : :SS|S?2 : £g5 .

eS « SSIII \M • :S : ; ill" i is

34 a

i" ;ii i§||

O — 30» •

^4

A .-A

w-i X W ^ * J*•-< S !c 3 "* ow--^ OS "*M K> r~*

6-<

, o: n Q "T* — la « w w; M — "?*"• '

!0 - - ta JO —'"»

SS 3 D a D S =s«

«B « oi « « • *

• : : ie-

ucnssss

'1; ; : ;2 _'

: :8 :i :<i

»^ o g : o • -

00 »<

00n

e6«i«^«S<«A '•

'.

8 s:« -.8

'IS

(SHU

BE

Page 28: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

sot THE CimONICLE [May 20, 1876.

OENBBAI.PRICES OUBKENT.

&SBBS-Fot Va. i • ....

BbbaOSTDFFS—BeesnecUlreport.SUILDING MATEB1A.LB-.A^tt—Common bard, afloat..V M 2 50 8 100GrotOQ HOC) W 00FUladelpbla facing 23 (lO a SU 00

JtXmenC—Kosendale fi bbl. 1 10 a IMXime—Rockland, common..,.^ bbl. 90 a

Koclclaod, flnlsMng 1 2S aZvmlxr—Southern pUe.,V M leet. 30 30 a 82 00White pine box boards 15 90 a IB 00Hlilteplnemerchan.boz boards. 14 00 a '1 *>0

Clear pine 45 00Oakai^d ash 38 00JBlacHwalnut W 00Bprace boards A planks 18 00Hemlock boards * planks 14 00

jnxb-:oa<U4.coin,ren A sb.Vkeg 2 75Clinch, iM to sm.Alonger. * i:

«dfln»...^ 5 15

Catsplkes.allBlres 3 15

JWnM—Ld.,wh.Am, pare. moil f) » ....

2«ead,Tn.,Amer., pure dryKine, wh.,Amer. dry. No. 1

Zinc.wh., Aroer.,No.l,inolt7arisvhlte.BnK. prime EOldVlOOSOTTBR—(Wholesale PrlceiJ—

Ifeio—Falls, State, fair to prime V lb.

•' Wn. crm'ery, fr. to pme. *'

3'i firk.,tub3,8tate,t*r to prime "'Welsh tubs, com. toselected... '*

CHBSBB—New State factory.fnil cieam..,V kOld western, good to prime "

aa

9 «una....a

25252323

a 59 00

a «c 00a eo 00a a 00a 18 00a 2 !S

5 505 203 20

130

2S28•m27

GOAL—Anthracite (by cargo) V tonIdrerpoolgae cannellilTernool house cannel 14 OOg 16 00

COFFEE—itlo, ord. ear. 60 days and gold, ft it

do fair, do gold. ••

do good, do fcold. "

«0 prime, do gold. "Java,mats and oags gold. "

Native ueylon jsold. "Maracalbo gold. "l/agnayra gold "Bt. i>omingo gold.SBvanilla gold. "CoetaRIca sold.

COPPKE-Bolts V B aSheathing, new (over 12 ox; aaratlers'fover IBoi.) aAmerican Ingot. Lake ^1X3COTTON—See special report.

BBUQS& i)YE8—Alnm, lump *i B.Argols,crude gold,Argole,refined "Arsenic, powdered ••

Bl carb. soda, Newcastle.?! 100 lb "

Bichro. potash. ,.1 *» cur.Bleaching powder ^ loO lb.

5 00310 UOi

15>,»17 a

13 &•M aI'Atn 47 a'IX*16 a17 a

2«*16 a27Ha3 a

4 20 3IS @

1 75

goo

15>4IIH17V18H23IBW!3HISM

ISH1S>4

82813281«

22

3;h

Btlmstoncomdcperton gold. 30 iv.

Brimstone, Am. roll VIS. 3 aCamphor refined ®Castor oil, B.l.inbond. «>!;Hl..gold aCaustic soda ?t K'O » " 4 25 aChloratepotash ¥*Ib •* 21 3Cochineal, HonduriB " 45 <3

Cochineal, Mexican " 42XaCream tartar, prime Am. & Fr. " 3i <3Cnbebs, East India 9!oButch gold. 6 tst

Sambler * ICO lb. ' 5 VI $Blnseng cur. 120 aGlycerine, American pure " 17 aJalap • goW %Licorice paste, Calabria cnr. 30 aLicorice paste. Sicily 25 &Ucorlce paste, Spanish, solid., .gold 27

Madder, Outch •'6

lladder,French " 4

Hutgalls,blne Aleppo cnr. li

01!yitrioU66 Brimstone) 1%,^

3 4 25

& \!iHa 1 s7>^

& s: ou

2770

4 44

21X304534>%

5 iO1 30

iikman31

a \'H

<9

Opium, Turkey (in bond), gold. 3 Si

a 62

a ....

a 1 753 1 45

m 4512 «

8Ji

Pmsslate potash, yellow. Am.. cur

.

tolcksllver gold,ntaine cnr.iiubarb, China,gooJ to nr— "

Bal soda, Newcastle. .l»UiO B, goldBbell Lac * a.Soda ash, ord. toeood.ij! 100 Il>, uoldSugar of lead, white ^ ft.

Vitriol, blue,commonFISH—Oeorge'S and Grand Bank cod,pcwt 4 00 @. 5Mackerel, No.l, shore (new) pr. bbl 26 00Mackerel, No. 1, Bay .-.. 18 00 _Mackerel, No. 2. shore (new) 16 00 a !7 COMackerel, No. 2, Bay ,, 15 00 a ..

JfLAX-North River, prime V It 15 a

raijiT-Jtelslns, Seediest per 50 lb. trail ...a 5 25do Layer 3 SO 9do Loose Muscatel 2 75 o 300'do Saltans perlb. 14 ts4o Valencia 10>sa

.;

602 13

55 a1 40 3

34 a1 90 ai7xa8 a

store Pj'Kes.'"- ^ 0.1

00

Currants, new.Citron, Lexliorni*runes, Turkish

do French.. :

Bates, newFifirs, new .'.

Canton Qlnger V case.Sardines, Id hi. box «SardlnftB,* nr boxMacaroni. Itall.in ^ ft

Domestic Dried—Aoples, South, sliced ^n>

4io Tenn., quartersdo State, ^lic?tl

do do quartfrsdo 'Western, quarters

Peiche8",pare(I,'j,i eool and prime ., ™do unpared, halvesandqrs, .... 10 a

B'ackberrles lOWaKa?pberries . aCherries 20"aPlums ^

GTJS'JIES.—Soe r«r>ort under Cotton.HSMP AND JUTE-Amerlcan dressed » ton. 190 30 ftSI'; noAmerica!, undressed 135 00 Sun nnKiMla, clean gold.Si'OTO 1225 00"" "

i.;; '• 86000 .5275 00*» 6i'a IM, iHi 4%

3Ma 4j^

50 «6xa6x®5 alS}i!9....3Mum1-15<a

9V®....'310 3in .a9 at14

7>4

imSH150021

IIX14

10

ioli

15

II

27

20

ItalianMinltaSHalJutj

70 a 75

17 a19 a17 alixa1) ai« a14 ai2xa

.... a11 a

OUNFOWDKR-BLlSTISa rOB BAILBOADS, ftO.

Sola, any Size grain. In 251b kegs 92 90Saltpetre do do S 40

BPOKTINO.Electric, I^os. I to 5 grain. In 1 It sq. cans 1 03Diamond grain, in lib cans 103Orange Ilghtaiog, Nos. 1 to 7, milt cans 1 03Snpertlae eagle sporting, In lib oval cans 78AmerKan sporting. In lib oval cans 7iOrange ducking, Nos. 1 to 5. In lit cans..., 73Duck triiuoting, Ncs. 1 to 5, In 6yi1b kegs 3 61Eagle duck shooting. Kos. 1 to 3. In 6)^ lb kegs 3 61

Orange ducking. Nos. I to 5, la6}< lb. ket^s .. 8 61Eagle duck snooting. No). 1 to 3. U^s, kegs, 7 21DnckShootlnir, Nos. I to5 gr., 12><lbs 7 21Hazard's Kentucky r.fle, I'l oTallAcsns 48Uupont'8 rifle Kg, FFif, FFFg.lB cans 48Dupont'sntle, FFg, KKFg, 6klbs 161Hazard's Kenluckv rifle. FFFg, FFg, and SeaShoot ngFg, 6;ilb kegs 1(1

Dupont'« rifle, FKu, FFFg. 12)<lb k«g» 2 96Hazard's Ke itucky rifle, FFFg. FFg, and SeaSbootlngFg, 13>tft kees 2 96

Orang>; rfle, Fg, FFg, FFrg.'JSIb kegs 5 10Haz.irJ°s Kentucky nlle, Fg, FFg, FFFg, 25 lb

kegs 5 40Dnpont's rifle In 25ib kegs 5 40

HAY-ShtDD<ca~ Vimi »

aiDES-I>r»—Buenos Ayre>,Belected.fllt<eldMontevideo, do.... ••

Corrlentes, do.... •*

Bio Grande, do.... *Orinoco, do..., **

California, do.... "Matam. and Mez, aa tbcy run **

Maracalbo, do.... **

Bahla, do.... "i)rySaU«d—Maracalbo, do.... "Chili, do.... "Pernarabaco do... '*

Savanilla, do.... **

Bahla, do.... "ir«t,9a»«d—Buen. Ay, selected "Para, do ... "California, do.... ••

Texas, do.... cnr.t. /.«tart—Calcnttaslaught... goldCalcutta, dead green "Calcutta buffalo ... '•

IRO»--Pig, American, No.l v ton. 22 00pig, American, Iio.i! •>.o 00

Pig. American, Forge 19 00

Pig, Scotcn 28 OU a 31 00Store Prices,

Bar, Swedes, ordlnaryslzes..* ton, ISO CO la ....

Scroll 70 00Hoop 75 CUSheet, RnfSla, as to assort., gold ?ilt

Sheet.Blngle, donhle A treltle.com. 4

Ralls, Amer., at Works In Pa.. .car. 43 00Steel rails 63 OJ

LEAD—Ordinary foreign » 100 lbs, gold 6 75Domestic " 6 15Bar * lb. 9Sheet 10

LBATHER-Uemlock.Bnen. A'res,h.,m.*1.1Pib.

" California, h., ra. & I

'• comm'n lilde.h., m. &1" roUi?h

SlaughtercropOak. roughTexas, crop

MOLASSES—Cuba, centrifugal and mixed.* eal.Cuba, clayed "Cuba, Mns., refining grades.. *'

do do grocery grades. "Barbadoes "Demerara '*

Porto Rico "N. O.. C3m. to choice new.... "

i%a

21

is"

23 0021 iO

®120 (0@I30 00.a 12

3 4)<

a 45 00

a 65 CO

a 6 87}^a 6 iO

2P,i<»

^0 aiO a24S<«

23 a

<a

i2

.iiiS3i9S2

2833344042

NAVAL STORKS—Tar, Washington * bb).Tar, Wilmington "Pitch, city "Spirits turpentine V gal.Rosin, fitrslnod to good strd.V hhl.

•• low No. 1 to good No. I •'

" low No. 2 to good No. 2 "•• low pale to extra pale.. "•• wiadowglass "

OAKUM—Navy,U.S. Savy & best Wit.

OIL CAKE-City, bag , goldWestern cnr. i

OILS-Cotton see'l, crude ^ gal.Olive, in casks * gall 'Linseed, casks and bbla '*

Menhaden, prime L. I. Sound 'Neatstoot "Wh&le, bleached winter **

Whale, Northern "Sperm, crude "Sperm, bleached winter "Lard oil, Winter "

PETROLKnM—Crude, in bull! I> gil.Ca?es "Reflned. standard white "Naphtha. City, bbls "

PKOVISIONS—Pork, mess V bbl. 5

Pork, extra prime nominal '*

Pork, prime mess '*

B"!et,pl;iln mess, new "

Beef, extra mf'sp. '* '•

Beef liains,'Wes"ern " :

Bacon, City loni; clear V *Hams,Bm)ked ., ,, "Lai-d, City steam,.. "

RICE—CaroliiiB,fair to choice 9 lb,

LoulBlaHa. good to prime "Rangoon, in bond gold. ^ 101 ft.

Patna *i ft.

8ALT-Turkslsland «p bush.St. Martin's.LWernooi .various sorts V sack.

SAl^TPBTRB-Refined, pure V ft

Crude goldNitrate soda periOOIb. "SEED—Clover, "NsreRtern V ft.

Timothy ^ ttUEh.Herap.forflenFU-it. ..Vmerican.ronirhLinseed Calcutta* 566. gold

2 CO a2 \iHi3 1'O a33 @

1 70 a2 5)1 853 f,0

7 CO ae>Ai

a

B8

2 12><

2'iofan

1 8(1

2 !-7h2 255 15S 10

lOX

;9 00, 39 50

<2K® ....

1 15 a 1 2054 a 5540 a60 ® 1 10;a a ^559 « 60

.... a 1 371 :o a ...

1 00 a 1 i-i

SKi !5(Ic'H'a 19....a ua....a 9)4

0? » 50 «5.... ® 17 00.... ie. 21 '^5

12 03 St 12 50.... a 13 on;2 1)0 a 21 no

....« 12ISj^S UKi2>«a wx

6 "* '}iiva 6K

2 55 «. 2 65

7M® 7X

'5

1 25 a

4 3i'?1 S5 e

2 8) la

... «1 ;o (8

2580

2 50

12K

2SVA

I«X2 E51 f51 601 E5

None.4 37>t<< t»]

Nose.4 79 a «

r

... a < ((

I

7 75 a 6 CO I

18Usa

,

2221

1

BILK—Tsatlee,No(.l A 2 * It

Tsatlee, re*reeledTaysaam.No. 1

Canton. re-reeled, No.l&2Cotseonn

8PELTEB-Forelgn '.00 ft.gold.Domestic, common cur.

SPICES—Pepper, BatavU * li,goIddo Singaporedo white

Uassiu, China Llgneado Batavia

Ginger Africando CalcuttaMareNutmegs. Batavia and PenangPimento, JamaicaClovesdo stems

SPIRITS—Brandy, foreign brands V gall.Rum—Jam. ,4th proof •'

St. Croix, 3d proof ... "Gin ••

DomeaUc tiquori—Cash

.

Alcohol (90 per ct) V gall.Whiskey 111X9 1 U

....a22xa21 a13 a8 a7 a95 as7Kavixa36 a15 a

1887UX

/-—gold.—-1s 50 a :s 00

a 7 00a 3 69

a 3 25

8 653 458 00

2 14 a 2 13

STEEL—English, caat,2dftlBtqnalily fiftgcldEnglish, sprlng,2d & IstqualUy.. "

English blister, 2d&lstquallly.. "

English machinery *'

English German, 2d & 1st quality "American blister cur.American cast, ToolAmerican cast springAmerican machineryAmerl can German spring

Store Price).t4^4» 16

6sa9 a9Kaicxa

14lOKHH16910 m

6X~X

9)4ICX

8

1^

\^

ICX

9^9>i9X9

8DGAR-Cuba.lnf.to com. re&rmg ....^ lb. 6yado fair refliimg *' 7 ll-l6ado ^ood reflniug " 7 f-isado prime, refining •* 8 ado ialr to ciioice grocery.... " e)iado centr.hhds.ft DXB, ^0B. 8@13 i\®

Molasses, tahds & bxs va tintMelado 4 aHav'a, Box,D. S. NoB.7®9 7 ado do do I0ai2 . 7;^ado do do 1S®1S fxado do do 16S18 E5garto do do IfSiO IfXado do white IKa

Porto Rico, refining, com. to prime. 7 ado grocery, fair to cnoitt-. fKa

Brazil, hags, D.S. Nos. 9IS11 ''%^Java, do. D.S., Nos. 10812 3 aManila, pupertor to ex. sup 7>^aN. O.. reflned to grocery grades... aBe«neil—Hard, crushed UK®Hard, powdered Iti^ado grannlateu K'^9do cut loat ioxa

Soft white, A. otanaard centrii... n^dt- df. olf A aWhite extra C 9>^aYellow do 9KaOther Yellow i\&

TALLOW-Prime city, * ». 8X3 8 11-16

Western " ....a . .•

TEA—Uy90Q,CommoB to talr cui.T'ft

do Superior to fire

do Extra fine to finest

do ChoicestYoung Hyson, Com. to fair

do Super. to fiiie

do Ex. flneto finestdo (Choicest

Bunpowder.Com to fair

do Snp.tofinedo Ex. fine to finestdo Choicest

Imperial, Cotii, to fairc'.Q Sun. to finedo F,xtrafine toflnest

Hyson Skin. & Twan.com. to fair.

do do Snp.tofinedo do Kx finetolinest

Uncolored Japan, Com. to tair00 Sup'rtotine ~- „ _do Ex.finetoflnest 55 a 75J

Oolong, Common to ialr^M,do Superior tofinedo Kx flneto finestdo Choicest

Bonc.ft Cong.. Com. to fair

do Snp'rtofinedo Ex. flneto finest

TOBACno-Kentucky Inss, heavy, n. crop. ?<B

" leaf. " •' —Seed leaf—New Eng. wrapper8'7?...

'* do fillers. '73

Pennsylvania assorted lots. '73

Hivatia, com. to fine..

26 ass a48 a73 ai'6 a

435383iij

48•f, a 7383 ® 1 1328 -

1060

1 1056 @33 ®60 a25 a 3*1Nominal, i

2?

85SO75

1 203145

5 a7>i®13 ®615

&

,_ _„ . fC

Mannfac'd.m bond, black work 14

bright work. 23

TIN—Banca gold. ^^ ft

Straits"

English, rffined "Plates. I. Cell arcoal....?! box geldPlates.char.terne

175^3

7 00 ®e 50 a

221 1527W

2ii)»]I7f

7 3717 Wl

WOOL-American XXAmerican, N' s. I & 2.

American ,Combing. .

.

Extra. Pulled.No.l. Pulled..

.*»

California. Spring Clip-Superior, unwashedMediumCoarseBurry

South Am.Meriiir, unwashedCane Good "on». unwashedTexas, flni'.E.istern

Texas, meditt ft . EasternSmyrna.unwashed gold.

Sbeet. ...* ft, gold, net

83 (A

43 %25 @25 a

S3 ®

a it\a 2sJ

S)<*

FREIGHTS—ToLlVRBPOCI.;

Cotton * ».Flour *• bbl.beavy «oods, .** toti.

Oil * inn.Corn blk&ligs. »• l>u.

Whtial. bulk & ba,2S..

Beef * tee.

Fork Sbbl.

-PTBAM. . . SAIL.—

Page 29: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

May 20, 1876,] THE CHBOmCLECommercial Cards.

John Dwight & Co.,MANUFACTLRERS OF

SUPER-CARBONATEOF

SODA.No. II Old »illp. New Vork.

The jooaini;Tn><l<- ONLY Supplied

Smith, Baker & Co.,

COnitllSSION :«IERCHAIfT8Tokobama and HIoi^o, Japan.

KtfRKBKNTKD BT

E. W. GORLIES,a«)i Pine Street, New York.

B. G. Arnold & Co.,1%S FRONT STREET,

MPORTBRS AND DEALERS

COFFEES AKD TEAS.

F. LB. Mayhew & Co.,140 Front Street,HANtrrACTDRERB OF

OltS—SPERM, WHALE, ELEPHANT & LARD.CANOLKS—SPERM, PATENT SPERM, PAK-

AFFINE, ADAMANTINE, HOTEL ANDRAILROAD.

For Export and Hom« n«e.

PARAFFINE OILS, WAX AND BEESWAX.V ^^M^— .— I

I.1

Olyphant & Co.,COMMISSION MERCHANTS,

Hone Kone, Shanslial, Foochow ACanton, China,Represbntso BT

OLTPHANT & Co., of CItina,

104 Wall St., New York.

RICE.Dan Talmage's Sons,

02 TVall Street, New York.

Adser's Wliarf, Charleston. S. C.

16 Conti Street, New Orleans.

Gunpowder.

GUNPOWDERDupont's

SPORTING, SHIPPING AND MINING

POWDER.DUPONT'S GUNPOWDER MILLS

(ESTABLISHED IN ISOl )

Have maintained Iheir great repntation for75 year«.

Manufacture the

Celebrated EAGLE DVCKINO,EAGLE RIFLE, and

DIAMOXD GRAl.V POWDER.The most Popular Powder in Uae. A.so,

SPORTING, MIXISO, SHIPPIXG AND BLAST

ING POWDEK,

Of all kinds anil descriptions.For Bale in all parts of the conntry. Repreeented

1)7

F. L. Kueeland,70 TTaU Street, NEIY YOBK.

Commeroial Oardt.

Brinckerhoff, Turner& Co.,

MaBiitutiuen and Uulen la

COTTONSAILDUCKAnd all kinds of

COTTOS CANVAl, FELTINU OUCK, CAR COVERINO, BAUalNG.KAVENBDL'CK.BAILTWUiKS

*U. •• ONTARIO" BEAMLKSS BAUB,"AWNING BTKIPKB."

Alio, Agenta

United States Bantlnic Company.A fall sapplf >ll Width* and Colon alwayi In ttock.

No. 108 Doane Street.

E.R.Mudge,Sawyer&CoAG KNT8 FOR

Washington milla,KurllnKton Woolen Co.,

Ctalcopee nfe Co.,Ellertou New .tirills,

SaratOKa Victory nrc Co.NKW TORE. BOSTON.

<3 & 45 WuiTE STBurr. 15 Cbadsoet St.PHllADKLPIIlA,

J W. DAYTON, *)0 Chmtniit Btkeet.

George A. Clark & Bro.

niLWARD'S HELIX NEEDLES.;337 and 339 Canal street,

NEW YORK.

Henry Lawrence & Sons,MANUFACTURERS OF

MANILA, SISAL, JUTE 4c TARRED

CORDAGE,FOR EXPORT AND DOmESTIC USE

GANQS OF KIGGISQ MAUK TO OllDKK.

19J FRONT STREET, NEW YORK.

Financial.

Smithers &; Donald,B.\NKERS AND BROKERS.

No, 3 Broad Street, Neiv York.

STOCKS, BONDS. G>'LD, &c., BOUGHT AND SOLDFOR CASH OU ON MARGIN.

Refer, by permission, to the Agents of the Bank ofMoutreal.

Lancaster^ Saunders 8c CoBANKERS AND BROKERS,

66 Broadtray, Nenr York.SOOTUKUN AND MISCtLLANEOUS SECDRITIES

BouEht and S-Jld on Commhsion.YIRGISIA STATE AND RAILROAD SECURITIES

A Specialty.

Loans Negotiated.

Martin Lewis,Room 3. 43 PINE ST., N. T.

SEALER IS

Secnrltles ot SolTent and DefaultedMR. Co's, also Mate. City and

County Bonds.TIMl". LOANS NEGOTIATED.

Refers by permiseion to Meesra. M. K. Jesnp, Paton& Co., New Vork; Messrs. Soulier * Co., New York;Jon.B. NorriBihsq., President First National Usnk,Haltlinore ; Robert Mickle, Ksq., Cashier Union NatlBank, Baltimore.

, Finanoial.MEW YORK,

IM Fesrl Strest.BOsTOW,

WMAMBinst

GOSSLER & Co.,o^HBaaroHOHirTa or

International Bank or Itanharc aaALondon, (Limited.)

H0U8B IN EUROPE.JOHN BBRBNBKRG, COStLBB * 04to

HAMBURO.

Jonic BWElf, JB., WllLIiM p. TirrTLM.Member BtocK * Oold Eseb. Member iHooX »»-h.-g^

EWEN & TUTTLE^BANKERS AND BROKERS,

"(o. 63 Broadway and 21 New Straat^

Bay and sell Stoeki. Bonds asd Gold aslatarssi allowed on deputlU.

A. H. Brown & Co.^BANKSRS AND BROKERS,

T Wall St., Oor. New, Kew York..

Deposits received subject to cheek at sight, aadrInterest allowed on dally balances. Bpsclal attanUon.

given to the buMoess of COUNTRY BANKS. Vmt-cute orders for the purchase and sale of STOCKS,BONDS and GOLD.All kinds of InTestment Secnrltles a Specialty.

The Brooklyn Trust Co»Cor. of Montague & Clinton iti., Brooklyn, H. T*

CAPITAL. $500,000.

This Company U antboiized by ipeclal chart«r to »etaa receiver, tmitee or gnardlao.

It can act as agent In the sale or management of reaTiestate, collect Interest or dlrldends. receive registryand transfer books, or make purchase and sale oi <iOT-ernment and ether securities.Religious and charitable lustltatlone, and persona,

ttnaccuBtomed to tne transactloii of hu-lness, will flndthis Company a safe and cuuvtuiehi depusltury formoney. KIPLKT KOPKS. Pre»ldeui.

CHAS. K. .MAR7IK. Vlce>Pre«U£i>eAB M. Ccixss. Counsel.

TRUSTKKS:J. 8. Rockwell, Henry Sanger, Alex. McCue,John P. Itolfe, Chas. R. Marvin, A. A. Low.Thomas Sullivan. Ahm. B. Baylls. B. U. Chi'.tcndev^H. K. Pierrepont. Dun'l Chauncey, FMward lUrvey,John Halsey, Joslah O. Low, Jnoies U. Flab,

Alex. M. White,Wm. R. BrVKKR. SerrrUrr

Security Aealu«t Flr« and R«ibb«ra.

Central Safe Deposit Co.No. T3 West 23d •trcel,

(Masonic Temple Buiitllpfr.)

SAFK KEKFINGOK VAI.l'A«I.K> ULilur tainin-tee. Pilvate blhces for Ba ks and Bj.iil.vr. out of ll-ocity. Separate rooms for I atiy t'Hirrn •

Ei.l,«t)iiD E. TUoliMi, rrcsldeni. •Oflice hours. 9 A. .M. lo 3 1". M.

IHJl

OF THE CITY OF NEW YORK«COH. BROADWAY J: WARREN ST.,

PAID-UP CAPITAL, $l,000,000h.Invested In United States Government Bonds.

Faun THREE PUR VEST Interest per annum emDevostts -subject to cfieck at niijf't.

Pni/» toUK FEH CExr Imerett per annum otkspecial ttepotttv remaining ntx Tiwnths or ioHfftr.Acts as I'ru&lee for estates.

V. R. MANOAM, President.JOHN C. CRU1K8HA.NK, Secretary.

E. S. Bailey^65 WALL STREET

Dealer in

Fire and marine Insurance atoeBand Scrip

"SPECIALITY.'*Cash paid at once for the above Securities; ortb*

will be sold on cotnmiMion, at sellcr« option

Alex Frothingham & Co*BANKERS AND BROKERS,

No. 12 AVA^L STREET.Reliable STOCK PRIVILEGES negotiated at favofw

able rates. Stocks bought and sold on a margin ot

five per cent. Circulars and Weekly Financial RepotVseat free.

Page 30: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

eHB CHHONICLR [v'ay 20, 1876.

Financial.

*' Par as yoD go, get wbat you bay.•top when jruu chooae."

COMMON SENSE AND FAIR PLATIN LIFE ASSURANCE !

Do not Aamv ymir Life till yon have examined

the NEW PLANS devised by Shepfabd HomansActoary, for

THB

Provident Savings Life

Assurance Society,

IVKSTERN ITNION BVILDINO,NEW YORK.

-Onaranty Cash Capital, $125,000,

Invented in U. S. Five-Twenty Bonds.

This SocUly teparalis the Insurance Pari of the

JPremium from the Reserve or Defiosit Part, which

latter is held merely for accumala^ion.

Thit Society recognizee tAe Policy-holder at owner

t)f the Seeerve.

This Society, therefore, will either iesne policies

on the payment of aniform annnal premiums, guar-

anteeing aepecijkd surrender valueJor every year in

cash; or it will furnish the PROTECTION OP LIFKASSURANCE at actual current colt for death claims

and erpenses of management, each /year by itself, re-

newable at the close of any year without further

medical examination. I

These Plans are indorsed by leading Actuaries

and State Comniiaeioners, and also by the " Society

/Or the Promotion of Life Insurance among Clergy-

men," James Brown, President ;i Howard Potter,

Treasurer.

For Plans, Rates, and Full Particulars apply to

THB PROVIDENT SAVINGS LIFEASSURANOK SOClEW,

WESTERN UNION BUILDING. NEW YORK.

GEOROB WALKER, SHEPPABD HOMANS,President. Vlce-Pres't and Actuary

Ocean Steamships

C^ Co.B A ]W K E R S ,

4 WALL STREET, NEW TORK.

PersoDB keeping acconnta with ns (currency or gold'

in.ty di^>osit and draw as they please a*me aa vltti i;it}

baiiica, and will be allowed Interest on dally balancesaccording to tlie nature of the account.

Orders for the purchase and sale of stocks, bondftnd gold wUl receive from as, personally, prompt andcareful attention. P. O. Box i.W.,A. M. &IDDXB. C. W. McLbllav, Jft. W. Tbask

H. Amy &, Co.,BANKERS,

19 & SI Nauao Street, Netr Vork.TRANBACT a general liani-inK buiineas.DK L in liivestiiieot Becurltlea.HUT alldeBcrlptlonsof UNCUKRKNT Bonds, ulso

Bonds KKPUIIlATllfD by ClTiES and COUNTIES.

N. T. Beers, Jr.,

Brooklyn Stocks,CAS STOCKS,

% }i WALL STREET.Dealer in Railroad and Investment Stocka and Bonds

Railroad Bonds,WHETHEK YOL' WiSH TO BUY OK SELL.

WUiTii; TOHASSLUR & CO.,

No. 7 Wall Street, N. T.

T AI.DEN GAYLORO, Migcellaneous SeV. ciirited, Ko. 3i Wall et., New \rirk. (1*. o. Boxl;Ji:2). Special attt'utioe tivoi to St. Loula City andComity liouila; MtSK^uri Cor.niy, Clly, 1 own audbchaol Bonda. Also, to the Bouila am! btocka of theton-}Vflag liallrouda : Atliunic & I'ncIUc, AIigaouE]Pacific, youth I'acitlc, Kanaaa Paotlt;, Okdvit Paclflc,North MisHjuvJ, bt. Louis Kansrir. City & NorthernKefers by poruila.^lou, to Mesprs. V/" S, ^icholBA Co

'

.Bankers, N«w Vork'

CuNARD Line.

OrNGTICK.—with the view of dimlnlahlnit thechaixea of colllatoTi, the Ateainera of ihia line take aappclfieil course lor all scaaoDa of the year.On the Outward Paaange frMin Q-.ieenatown to New

Vork or Boston, crofainfc Meridian of 50 at 4) Lat., ornoihinir to the North of 43. On the Homeward haa-aage, crossing the Merldiau of SO at U Lat., or notblugto the Nor(h of U.

THB BRITISH AND NORTH AMBR CAN ROYALMAIL STEAMSHIPS.

BKTWKBN NEW YORK iN3 LIVERPOOL,CALLING AT CORKlHARBOR.

FROM NEW TORE. I FB'IM NVW YORK.Bothnia Wed.. Miiy2l rot mla . .Wed.,Jane23Abyssinia.. .. Wed , May 31 f A ))attnla....W'ed., July 5•Kuala Wed..Jii'- 7l itusMa Wea.,JulyKScyihia »eii.,jinei4 -cyihla Wed.,.lulyi9Algeria Wed., Jui.e ai ' Algeria Wed.. July 2S

And everv followmg Wednesday and Saturday fromNew Vorti.Steamera marked * da not carry steerage passengera.Ratks of Passagk.--Cabin, tm, »U»l no »1»J gold

according to accommodation. Tick ta to Pari., fl5'.

gold, additional. Ueturti ticketa on fa' oralile termsSteerage ticketa to and trom all parts of Knrcpeat

verv low rates.Through bllla of lading given for Belfast, Glasgow,

Havre, Antwerp and oth^r parts on tl e Continentand for Medllerrnnean porta. For freight and cabinpaafage apply ai the Company's office. No, 4 BowUukl.reen: forsieerage passage, at 111 Broadway, TrinityBiilldjig.

CHAS. 6. FRANCELYN Agent.

O 97 L, Y

Direct Line to France.

rbe General Transatlantic Company'sXail Steaiusliips,

BBTWjeaN

NEW VORK AND flAVUB,Calling at Plymouth for the Unaing of Passengers.

The splendid vessels on this favorite route for theContinent, (being more eoutberly than any other.)will aail from Pier No. 41 North River, foot of Barrowstreet, as follows: «LABKADOB, Sangller Saturday, May 20, 3 P. M.AM. liHiUK. Houz Iz Saturday, V'ay 2?. 9 A. M.•j.T. LALlttNT, Lacliesnez.Saturuay, June 3.3P. M.PKICE OF PASSAGE In GOLD (including wine.)First cabin, 912U and $110, ac ordlog to accommoda*

•ion. Second cabin. »72. Third, $40.Return tickets at reduced rates.Steerage, $26, with auperior accommodation and

including all necessaries, wltboal extra ch -rge.Sieamers marked thus * do not carry steerage pal-

aeagera.

LOUIS DE BEBIAN,Affent, SS Broadnrajr.

OR Liverpool,(Via Qaeenstotvii)

CARRYING THE DNITED STATES UAIL.

T D E8D A V.LEAVING PIER No. 4< NORTH RIVER, as follows ;

IDAHO MayfO, «t 11 A. M.-VHVADA Jiine 13. !0 A .M.

Wl!,C(JNSli\ JcneSO. atSP. M.WYOMING -h ly 4, at 4 A .M.

iDAHO July 18.3i-.M.

RATES FOR PASSENGERS KEDDCED.Steerage, $26; Inlermed at", $10; Cali'n,$63 to $30,

according to staie room. Offices, No. 29 Broadway.

^VILLIAinS d( GUION.

Atlas Mail Line.

BI-MONTHLY SEIiVICK TO JAMAICA, HAYTI,COLOMHIAand ASI'INWALL. and to PANAMA andSOUTH PA Ific I'OltT-; (via Asnlnwall.)Flist-clasa, full-puweied, iron screw steamers, from

Pier No. 11. North Itlver.For HAYTI. i:<)U)MrilA, HTHMOS OF PANAMA

and SOUIH PACIFIC POUTS (via Aspinwa 1),

AL,P» M«y24ETN.^ Jiiie 1

For KINGSTON, (JAMAICA) and HAVII.ATLAS .. June 1

CLAKlUKL June 22Superior drat-clasi. p'lssenger a''eo.tiniodatlon.

PIM, FORWOi D & CO., Agents,No. 66 Wall Street

Providence Ar. Stoiiliigton SteainslilnVuiupaiiy, between iseiv VorkauU

IlOtttOU.

Reduction of FareBetween NEW YOMK an! PK0VIDEN':E to $3Between NEW Yolili. and BOSTUN to $1.

Stoning TON Line.KOU PROVIDENCE, NEWPORT AND BDSION.The elegant steamers KHODK 1SL.\ND. NAKUA-

OANSKTi and ^TUN1^0T().N, leave Pier S3. N. H ,

lor.t of Jay St.. dally (except Suuday^), at 5 t. M.Through ticketi. lo [irincipal New Kuylaud points at

RK. depo'a antl licket orttces. i~tate-Kooiiis secured atoliiceb of Westcon Hspiea-s Co. and at 3-i3 UioaUway.

PKOVIUKIMC'E i^lNlS (dirci).Steaiusnlpa KLl'IC'l KA «D(l OAL.VUiA leave Ple»

27. N. K., loot of Park Place, dally (except iaridaysj at4:30 P.M.l)irect connection to Worcester and points beyond,1:1 eights via either line taken at lowest rates.

D. s. BAB< OCK., President,L. W. FILEINS, General Pass. Agent.

Miscellaneous

trSE THE CELEBRATED

SPETSrCJER-IAlNSTEEL PENS.

For Sale by all Dealers in Stationery.17^0R the convenience of those who may wish to

/ try them, a

ISAaiPl^E CARP

I

Containing^ one each i-t the Fifteen Nnmberaof these Pens, will be sen^j^aa^m^ceipnj?Tiventy-flve C«nt».

IVISON,BL\KEMAN, TAYLOR & CO.,138 and 140 Crand St., N. V.

JOSEPH GILLOTT'SSTEEL PENS.

SM ly alt dealers throughmt the W^orld.

Wire Rope.STEEL, CHARCOAL, as* !

B. B. Of the very best quality

I suitable for Ships, Rigging

I Suspension Bridges, Gays, Der

I rlcka. Inclined Flanea, Mining

f Uoisting Purpoies, Ac.

Larxe Slock constantly OB

band, from wnica any defftTed~ \

lengths are cut.

JOHN W. niASON St, CO.,

4S Broadway, Ne-ar V^rk.

T II K

Financial Review(ANNUAL),

• 1 8 "T 6.

CONTENTS:Financial Retrospect of the Vear1875—United States Commerce—Bank Movements- Financial Affairs in London.

mercantile Failures In 1876.Hepresentatlve Kailroads of tbe V. SaRailroads in Default.Vniled State L>and Orants.Investments and Speculailon.Compound Interest Table, showing th«

accumulation of $1 at different rates of annus

interest, for all periods from one to fifty years-interest being compounded semi-annually.

Table for Investors.—Showing the rate per

cent per annum realized on securities, purchased

at various prices, ranging from 10 to 300

Stock Speculation.Interest Cost of Carryluff Stocll lorOne Day.

Tlie Money Market.—Prices of Call Loans

and Prime Commercial Paper, 1810 to 1876.

Movements of (iold and Sliver—Exports. Imports and Production—Daily Prices of(Joid from lSfc2 to 18"6.

Foreign t<xci>an|i;e Prices 1870 to 1876.

U. S. Cjiovernnieut Uouds—Prices 1870 to1878

.

State nonds—Prices 1S6) to 1876.

Railroad Monds—Prices 1870 to 1876.

Itallruad and lUlscelluueous Stocks-prices 1810 to 1876.

Cotton .' uvement and Crop In tbeLulled Stntcs, 1874-5.

Cotioii .>|>iuafus lu tlte United States1874-S.

:v RICE:til cioiii, • -.--....$aoo

Do to Sabscribers of the Chkokicus 150

WILLIAM B. DANA & CO., PuBLisilBiS,

,79 & 81 WILUAM STREET. N. T.

Page 31: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

May 20, 1876 ] THfc. 0H11UN1CI.R• • u

Railroad Material. &.o.

PHELPS,DODGE & CoCLIFF STREET,

Vctween Joba and FaUon, Kenr York.

1MP0BTEB8 AKD DEALEBS IN

Tin & Roofing Plates,

UP ALL BIZEB AND KINOd.

no TIN, UUSSIA SHEKT IRON,

CHAItCOAL AND COMMON SHEET IROH

LEAD, S1IE\T ZfNC, COPPER,Spelter, Solder, Aotlinonjr, ke.

MANDFACTL'REKS OF

COPPER, BRASS AND WIRE.

WK. BOBDXll. L. X. LOTILI

Borden & Lovell,OOHMISSION niERCHANTS

70 & 71 West St., New York,

AGEKTS FOB

BORDEN niNING COnPANT,CUMBEItLANU COALS.

•VALI< RIVER IRON WORKS COIH'Y

NAILS, BANDS, HOOPS AND BODS.

•LD COLONY STEAMBOAT CO..

FALL UIVBIt LINE STEAMERS.

'lOBH B. SKNNKDT. nBBBT H. BAKXB. JOBX 8.BABHB*

J.S. Kennedy & Co.,

BANKERS AND MERCHANTS,41 C£DAB, COR. WILLIAM ST..

New York.

Boy and aell Railroad InTeetment Secnrlttet.

lect Conpont and DlTldeoda. Negotiate Loana

Oraw Bllla of Exchange on Londofi.

Agenta of the

CAMBRIA IRON COMPANYOf JOHNSTOWN, Pa., fortheaale of their IRON an

BTEEL RAILS.All huslneen relatlof to the Conttructlon and Kqnic

ment of Ballroada on lertaken.

Morris, Tasker & Co.,LIMITED

Paaeal Iron Works, Philadelphia.DelaMrare Iron Co., Newcaatle, Del.

XANUFAOTUKKBS OFLAP-WBLDKD AMERICAN CHARCXJAL

IRON BOILER TUBES,WROUGHT IRON TUBES & FITTINGS

Of every description, for Gas, Steam, Water andOil; Steam and (Jas Fitters' Supplies, Machinery

for Coal Gas Works. Cast Iron Waterand Gas Pipe.

IMPROVED SUGAR MACHINERY, &c., Ac.

OFFUE.209 Sonib Third St., Phlladflphra.

OFFlCI- S AND WAKEHOUSKS :

Mo. IS GOLD STUEET, NEAV YORK.No. 30 OLIVKII ST., BOSTON.

Inaara.noe.

Insurance.

PHENIXInsurance Company

OF BROOKLYN.Office, Western Uuion Telegraph Building,

Broadway, Cor. Bey Street, N. Y.

ASSETS, Jail. l7^6, $2,549,93S 77

INSURES CC>TTON AGAINST LOSS BY FIRE,OVEKLANU liY RAILROAD, and Marine bySteamers to Europe.

Agenc'.es in all the Principal CIticB !n the V. 8.

STEPHEN CHOWELI^ President.WILLIAM R, CKOWELL, Secretaty.

OFFICE OF TH#

ATLANTIC

Mutual Insurance Co.

New Yobk, Jan. 24, 1878.

The Trnatcep. In conformity to the Charter of theCompany, submit thd follnwlng Statement of lt(

afTairs on the 31st December. 1875:

Premiams received on Marino Risks,

from l8t January, 1871, to 31st De-

comber, 18:5 $5,840.On 83Prcmiamg on Policies not marlced off

Ist January, ISIS 2,455,872 87

Total amountof Marine Premiums.. S3,233,3iM 73

No Policies have been issned uponLife Risks ; nor npoa Fire discon-

nected with Marine Risks.

Premiums marked off from lit Janu-

ary, 1875, to8l8t December, 1875 ... $8,123,134 68Losses pa'd during the

fame period (3,712,058 05

Returns of Premiums andExpenses. .$l,2i7,4n 28

The Company has the following Assets, Tiz.:

United States and State of New YorkSlock, City. Bank, and other Stock?.$10,8U,940 00

Loam secured by Stocks, and other-

wise 2,514.200 00

Real Estate and Bonds and Mortgages 267,000 CO

Interest, and tnndry Notes and Claima

due the Company, estimated at 454,037 92

Premium Notes and Bills Receivable. . 2,076,360 CO

Cash in Bank : 363,402 40

Total amount of Assets $16,019,910 82

Six Per Cent Interest on the ontstanding

ccrtiflcates of profit* will be paid to the holders

thereof, or their legal representatives, on and after

Tuesday, the 1st of February Lext.

The outstanding certificates of the Issue of 1873

will be redeemed and paid to the holders thereof,

or the r legal representatives, on and after Tuesday,

the ist of February next, from which date all inter-

est thereon will cease. The certillcates to be pro-

duced at the time of payment, and cancelled. Uponcertificates which were Issued for gold premiums,

the payment of interest and redemption will be in

gold.

A Dividend or Port]r Per Cent, is de-

ciaied on the net earned premiums of the Companyfor the year endin? 3!8t December, 1875, for which

ccrtll1:ates will bs issued on and after Tuesday,

the 4th of April next.

By order of the Board,

J. H. CHAPMAN, Secretary.

TRUSTEES.J. T>. Jones,

Charles Dennis,

W. il. H. .Woore.

llcnry Colt,

Lewis Curtis,

Chirles II. Russell,

Lowell Ilalbrook,

David Lano,

James liryco,

Daiii'^l S. Miller,

Willia:n Stargis,

Josiah O. Low,

Wllli»m E. Dodge,

Royal Pliolps,

Thomis P. Youngs,

C. A. Hand,

James Low,

John D. Hewlett,

Gordon W. Burnham,Frederick Channcey,

Charles P. Burdett,

Francis Skiddy,

Robert B. Minturn,

Chulos H. Marshall,

George W. Lane,

Robert h. Stuart,

Jiimei G. Do Forest,

Alexander V. Blake,

Charlei D. Loverlch.

Adolph Lemoyne,Adam T. Sackett,

Horace Gray,

Edmund W. CorllCB,

John Elliott,

Samuel Hutchinson,

William U. Webb,

J. D. JONES, President

CHARLES DENNIS, Vice-President.

W. II. U, MOORE, Sd Vice Prcsldeuv

laaura oe

The North British andMercantile Ins. Co.,

OFLONDON AND RDINBURSB.

UHITKU BTATK» BItANCH,*4 IVIIIlanB, Cor. Pine St., New York.

Capital paid op • - •UroMi Fire Reeerve •

Net Lire Aeeeta • - -

- $10,000,000• 3,TOO,UOO

I3,JUU,UUO

Total -.•.... «47,0UO,OO0ttroM Assets held by Board of MaoaKeuicDt im Hew

Tork, |l.M»,«i>.The Comitajiv's actual losses Inr Chicago coollagra

Uon In 1871 were |1.7«l,««7 HI.The Coaipany'i actoal luases bf Boston coodagr^

tlon In '.vn were tSUI.WO M.Yettlie Company paH tbeM losiea at sight wtlhoa

borrowlnR ur lelllcga tingle dollar of penoaaMI la-veHtinelits, cunllnued rctfular olvldouds to tiMirktocktioldem. aud at itie end ot ift'i htd eotireir madeup (not In thii! coiiutry, however;, the losses ox ttoeeetwo conda/ratlons and nil otben, eoramettelng ItMwltb H iurt>lu« ovtir IIUU.OUU larger than ever before.Annual Income Of Fire uepartoent alone ore*

|4XW,UU0.Fire and Life Assets entirely dtaUnct—the one not

liable for the otiier.The Company organlaed A. D. 180f. Commeoeed

bnsloeM In this country A. I). 1S67.Agencies tn most of the prlndpil elUss aad tcwai

In the United States.EZRA WHITE, )

CHAS. E. WHITE, VMaoagen.SAM. P. BI.AGDKN, t

Cotton.

W. C. Watts & Co.,

SI Rro«rn>a Balldlnsa, C

LITERPOOL,solicit eonslgnmenla of COTTON and ordera fortke

purchase or sale of future shipments or deliveries

Advances made on consignments, and all information

aHorded by onr friends. Messrs. D. WATTS * Co., 5t

Stone street. New Toi-k, and Messrs. D. A. OIVKM *

SON, 64 Baronne Street, New Orleans.

KOWABO V. WaieBT. JOHIt a. DOBB.AtrO. I,. BIOHABOa.

Wright, R-ichards & Co.,

COTTON FACTORSajn>

General Conamlaslon RIerehanta,1

No. 89 BROAD STRKKT,

(P. O. Box 4858.) New York.

LltKral Advances made on Consignments of Cotton,

Wool, Hides. Ac, and upon shipments to our friends

In Liverpool and London.

Wm. E. .Rogers & Co.,19 South William Street,

NEW YORK,

ooininissiON itierciiants.AOVAXCBB BADB VTOS OOTTOH OOXSIOMBO TO

neawa. J. N. BEACH tc Co.,

LIVKRPOOL.

McAlister & Wheless,cotton

oonmissioN itibrciiantsNASH\aLLE, TENNESSEE.

Bpnclal attention given to Spinners' order*. Corre*dponlnnee sohcltea.uiFai.aNOKS.—Tnird and Fonr'n National Banks.

and Proprlitors of Thb Cehokioi.b

Lamkin & Eggleston,

Cotton Factora,

TICKSBtIRO, niSS.

Orders to porchase Cotton In our market s)lclt«d

Refer to Messrs. NORTON BLADGBTEB * "CO..

New York.

OVER 6,000 SOLD OFINGKRSOLL'3

HJ ND AND HORSE-rOWEK PRESSESTlies hsve a worldwlite rej)U-8tion s»* a Bn|»<'rlorlt»

overaMoihsrs for balme Hay. Cptioa, Rags and allo'hcr ulnils of material. Kor pr;cflllat »r,d lull Infecmation call ou or address the maninaciurers

INGERSOLL & BALSTON,UUBENPOINT (City cf BrMklti^}. Xi. S

Page 32: HLNT'S MERCHANTS' MAGAZINE, - FRASER · THECHRONICLR [May20,1876. FiuanciaL Drexel,Morgan&Co., WALLSTICEBT, CORNEROFBROAD,-NEWYORK. Drexel&Co., No.31SOUTDTattDSt., Pblladelphli Drexel,Uarjes&Co

Tin THE CHRONICLK [May 20. 1876.

Ootton.

~'Cnu(4ii, ABRAHm & Co., L<Hvuc> Dxraa A Co.New Orleans, La. Montgomery, Ala.

LEHMAN BRO'S,

XIoTTON FactorsAND

4)oa:nissioN iriEHCHANxsISS A 135 PBARL STREET,

Net* York.' Order! execated at the Cotton Isxchangea la New"York a-.d Liyerpool, and advanccB ntade on Cotton

~ -mad other produce coDsiffned to ui. or to our cor*-e.

•pondeaia In Llrerpool, Meura. B. Newgasi & Co.

'«ad Me^ars. L. K08enheUn.& Sons.

Kremclberg & Co.,NEW YORK.

J. D. Kremelberg& Co.,

-iCremelberg, Schaefer & Co.,,., ^

NEIV ORL.EAN.S.

^^Krcmelberg & Co.,I.OOISVILI.E, KY.

conmssioN kerchants.

- AVoodward & Stillman,I SEAMEN'3 BANK BUILDING,

-tlom. 74 4c 7« ITall Street, New Yorlr.

Cotton FactorsAND

''Geaeral Commlaaioa nerchanta.

Special attention paid to the execution of orders for

' tka purchaae or sale of contracts for future delivery

of ootton. Liberal advances made on consign

menta.

Henry Hentz & Co.,GBNBHAL

-oonmssioN merchants,<>>< BanOTer Street, New York.

Advances made on Conslgnir*tt9 to

meur*. JAMBS FINLAY &. CO.,

UTKKFOOL, LONDON AND OLASOUW.

Also execute orders for Merchandise throngb

^ neeara. FINIjAT, IfllJIR Jt CO.,

CALCUTTA AND BOMBAY.

FOTDRK CONTBACTS FOR COTTON boagUt and" aold on commission in New Tork and Liverpool.

Eakin, Adams & Co.,

"4bUlEIBS AND COMinSSION MERCHANTS,

83 Nasaan Street, New York.

H, Tileston & Co.,<5J»rTON BUYERS * COMMISSION MERCHANTS

60 Stone Street, New York.•WvawTi In Fiiturea executed at N. Y. Cotton Exchange.

J. C. Johnson & Co.,"COTTON BUYERS TOR MAXUFACTURERS,

inEiTIPHIS, TINN.'A. M. SCABBBOUaU,

MemphlB.L. A. SCAKBROrGn,

Galveston.

A. M. Scarbrougli & Co.,COTTON BUYERS,

^62 FBONT STREET, 222 STRAXD,- JHempbls, Tena, Galveston, Tex.

Williams, Birnie & Co.,COMMISSION MERCHANTS,

'9S Beaver St. & 20 Ezclianse Place,GEO. W. WILLIAMS & CO , )

IBaokers & Cotntntssion Merchants, > NE'W TORKOHAKLKSTOX, 8. C. i

Liberal advaiicca made on consignments cf Cotton•"•kuJerii executed at the Gotten Exchiise lor Ihe pur-—•••lae and sale of contrails for future dellTery.

Ootton.

Bl^s & Bennet,

GENERAL

COiniHISSI«N HIBRCHANTS,

131 Pearl Street, New York.

Bpectal attention given to the execution of orders

for the purchase or Ba!e of Contracts tor Future

Delivery.

Ware, Murphy & Co.,

Cotton FactorsASD

GENERAL COMMISSION MERCHANTS

COTTON EXCHANGE BUILDING,

NEW YORK.Special attention paid to tbe execnilon of orders

for the purchase or sale of coutr:icti for future

delivery of cotton. Lll>eral advanced made on cou-

Bignmentd.

AUSXaNUER aalTLAHD. L. F B. MACUCSO:)!BOBKKT L. MAITLANI^.

Robt. L. Maitland& Co..

No. 43 BROAD STREET, NEW TORK.

Cotton Factors,Tobacco and General Comnilaalon

merebanta.

Advances made on Coneignmenta to

LONDON AND LIVERPOOL.

Robb & Peet,BANKERS AJIO COMMISSION MEKCHANTS,

No. 58 AV.ILL STREET,

New Y^ork.

Advances made on Consignments. Special attention

paid to purchases or sales of " Cotton Futures." Bills

of Exchange on the CITY BANK, LONDON, and

HOTTLNOUER & CO., PARIS.

¥lOSS & INCHES,COTTON FACTORS

avD

GENERAL COMMISSION MERCHANTS

12S Pearl Street, New York.

Knoop, Hanemann& CoCOM.MISSION MERCHANTS,

62 EXCHANGE PLACE, NEW TORK.

EOrSBS xs

Manchester and Liverpool,

DE JERSEY &: CO.Cotton Ties.

SOLE AGENCY Df NEW YORK FOR 'I;HE SALEor THB

CELEBRATED "ARROW" TIE,HAXrFACTrRED BY

" TUe American Cotton-Tie Companr.Limited," '

LIVERPOOL. ENGLAND.S. M. SWENSON,

80 IVall St., New York.

Irvine K. Chase,

COTTON BUYER,Nashville, Tennessee.

KEFERENQE.-FiBBT NmOHAI. BAKI, NasbtILM

Cotton.

Edward H.Skinker& Co,COMMISSION AND

COTTON MERCHANTS9T Pearl Street,

NEW YORK.

Babcock Brothers & Co.50 IVall Street, New York.

MERCHANDISE DEPARTMENT.Orders executed at the Cotton Exchanges la Ne^

York and Liverpool, and advances made on Cottoand otiier Produce consigned to them or to their fill

abroad.R. P. BARCOCK A- CO., jfl

LIVERPOOL. _5Sawyer, Wallace & Co.COTTON FACTORS & COiUUSSlON MERCHANT!

4T Rroad Street. Nrw York.

Moody & Jemison,BANKERS

A.vD

Geueral Comml.itlou Merchants,1*3 PEARL STREET, NEW YORK,

Will kee^a<*couais with Country Hat; Ks and Eankermalie coll'ClJons. i^sue reitifloates of Deposit, atat'e 111 to tt'.e s^le aud purcbise t.f BuuJd, Stocl^Cotu, dtc.

piiiticnlar att rt'on given to the execution of ord«for future coi-tracTs aud the purchase of merchundts

JEWELL,HARRISO^& COMPANY,

COMMISSION ANOCOTTON merchant;

E8TABl.:?HEn 1841. NEW YOHK

Mucellancous

JEWELL,HARRISO^& COMPANY.

PURE LARD PACKED FOlALL. CLIMATES.

PROVISION DEALER!" AND MANUFACTURE!Ot LAUD OIL AND BTKABINB.

ESTABLISHED 1841. NEW YORK.

FIANCHE^TER

Locomotive Works,MANUFACTURERS OF

Locomotives, Stationary Steal

glues, and Tools,MANCHESTER, N. H.

ABETAS BLOOD, \V. U. MEANS?Bupertntendent

1Mancbester. N. H.

TreasuKT,40 Water &ii set. Boato

iETNAI

Insurance CompanOF HARTFORD.

CAPITAL, - - $3,000,000Assets, Jau. 1, >76 - $6,792,649 9

LiabUUies • . . • $346,3S5 $

BRANCH OFFICE, 173 BROADWAY, N.t.\

JAS. A. ALEXANDER, Agent.

^'

Liverpool &London (jT Globe

Insurance Company,

45 Williarn St.

Assets, $28,425,160 9

In the U. S., $3,000,00'

I