hunt's merchants' magazine, new march · hunt'smerchants'magazine,...

32
HUNT'S MERCHANTS' MAGAZINE, REPRESENTINQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OI' THE UNITED STATEft ! VOL.12. NEW YORK, MARCH 25, 1871. NO. 300 2Vbucrtiscmcnt0. AilTertiumenti will Intertad tt the foUovliiK r lc«t per Una lor eacli Itiaertloa : ordtrad leu than 4 tlrnea. Wc«nt< per Hoe. Imeeormoie IS ** " U « 10 M g M It the tdrertleement oecnplee one oolnmn or up- wirJt, ft dUoount of IS per cent on these rate* will be ftUowed. Space U meaiared la ftfmte type, 14 lines to the taeo. AdrerttsaTneote will haTe a farorable place when rat p<tt In, bat no nromlie of eontinaoas Insertion la he beat place can be elveo, aaaU advertlaen moit hare eqaal opportanUlee. Advantac«a. I. TheCHROytCL!'. much the largest ctrcala- tl9a of any fliianclal pabltcatlon iasueu. . TtarlrcuUtton ettends to bnslneasmen In BOTH the yi<)AMi'i.\L am COMMKK'JiaL branches, and also 'o a very nnmerous class ot ri^tirart merchants, moneved men and Investors, who are not cnfcajced In regular basinese. S. It Is preaerved on file by snbsorlbers, and thas pos«e*ses agreat advantage for advercUers, over those pabllcatloos which are UabUaaLly thrown aside after perual. Wn. B. DANA & CO., PUBLISHERS, 7> ft 81 Wllllnm St., N T, (Sn For terms ol Sabscrlptlon aee Stb pace. Bankers and Brokers. N. O. National Bank OT NBTT ORILEANS, LOUISIANA. ALBZ. WliELB^S. President, || JAS. N. BEADLES, Vlce-Frealdent. BICHARD JONES, Cashier. ParttcnUr atte tlrn given to Collections, both in tbe City and all points la con 'ectiou with It. Prompt retnrns made at best ra*e of Bzchantre, and no charge niaie. excepting Ibit actnallv pnld apon «ay diataat polat. Correspondence solicited. NSW Toss COBBIBPONDUTT: RIKTH NATIONAL BANK. 0. TowxaiHD. P. O. Fazixoi. W. R. Lniax. Townsend, Lyman & Co. BANKERS & BROKERS, NKW OBLliANS. IV Partlcnlar attention i-lve i to baslnees of Corres- Doodants. Colu ctl JOS remitted for at carreotrate ol Xzchaov '. New Tork Cnrrespoadeots : Trevor 4s Colgate, Mor- ton, bU*s 4k Co. WILLIAI ALBXANDEK SMITH & CO., BANKERS, Ho. 40 'Wall Street, Neir Yorka DEPOSITS received and Interest allowed at beat Correat Itates. OOVgRNMKNTandSTATK BKCURITlKS,GOLD BAILKDAD KOSDS, STOCKS, etc.. boaght and Sold on Commission. ADVANCES made np«n approved Saonrltles. COLLECTIONS made, and Xoaoa tlegoUatad. Banker! and Br<-ker8. A. C. Kaufman, BANKER * BROBLBR. CHARLESTON, S. O. DKaU RlQULABLT IK TBI FOLLOWDia LiHX OF DZSIHABLI SOUTBXBN SBOVBITIX8, VIZ.: Soath Csroilna State Bonda; Charleston City Stock: Savannah City Bauds; Angoaia Cltv Bonfis; Meraph s Llty Bonds and Cuupons; Nashville City Bonds and Ooapons ; Tenneaao Rt^te Con- pons; South Carnlina Rtllroad lionds (S'-vtos and Sixes); South Carolina Railroad St><ck ; North EasUrn Railroad Bonds (EUhU) : Greenville and Colnmbla Ha Iroa^l Bonds; Savannah ann <:)iarlestoa Railroad Bonds (Seveai and Sixes) : M'mplils and Charleston Railroad Bond, Oeorcta Kallroad and Cltv Secui llles. Soath Carolina, North Carolina. Oeortrla. Tennessee, Alabama and glnla Uncurrent Bank Notes. Collectlone Recelre Especial Attention Wh. Pabxzb, SAxnL Lawbsnob. Member ot N. T. Stock Xxchaoge and Gold Board. Parker 5c Lawrence, Snccessors to Kellogg A Parker, BANKERS & BROKERS, NO 1 WALL STREET, NEW TORK. Stocks, Bonds and Gold Bought and Sold on Com- mlsrflon. Dealers In American and 1 oreign Gold an<l Silver, Qovernment Securities, &q, Collectloiu made la all parts of the Country. e«o. L. Houtia. Ai,ax. KAOaaTH. Holmes & Macbeth, STOCK AND BOND BROKERS, Bankiira and Brokers Key box 44. OHARLBSTON, S. G. Wlliam C. Oilman, dxalib is INSURANCE SCRIP, ASD Fire and Marine Insurance Stock, 46 Floe street; corner of William Street, N.T. Cubbed ge & Hazlehurst, BANKERS AND BROKERS, MACON, QA. Make Collectloos, and do a General Baaklog aad Brokerage Baslness. REFER 10 EAST RIVER NATIONAL BANK. OHN A. KLxn, C. C. Flowxxbbb. Gbo. M. Kutic Prealaent. Vlce-Preaident. Cashier. Mississippi Valley Bank, A BANK OF DISCOUNT AND DEPOSIT, VICKSBDRG, mSS. H. T. Correspondent ^-B«ak of the Manhstua Co. J.ficW. Seligman&Co., BANKERS, O.H BXCHAKOK PLACE. CUli. BROAD 8T„X.Tn lasne Letters ol Credit lor TraTeUers, Payable In any part of Europe, Asia, Africa, Aostrs. 11a and America. Draw Bills of Exchange and make lelegrapUo transfers o( money ob Kbiop* aa4 CalUornla. Dodge,Kimb;ill & Moore BANKERS, STOCK AND OOLD BBOKEBS, And dealers In GOVBRNHENT SECVRITIES, 14 WALL STREET, N. Y. P. o. Box 4,aoe. ()UNCAN, Sherman & Co., No. 1 1 Nassan St., New Tork CItr, ISSUE CIRcr LAR NOTES AND CIRCCLVR I eliers ot Credit available and nayahle In all the PRINCIPAL ClTlE-i Of IHB WO (LI); also la th,j CnUed States, Canada and West ladles. Teleeranhl:; Transfers of Money to and from Lon. don, Paris, 8au Francisco, Havana. Ac. Current Acconnts received ou such terms as may b agreed upon. Edwabd Maioht, I Late Prea'c oftuo Nut'nal Hank of Commonwealth, I James Robb, King & Co., BANKERS, «• WALL STREET, Isaae Letters ol Credit for TraTeller Available lu all parts ol Bnrope, etc., TBBODea ma CITT BANK, LONDON, nessrs.BOTITNGCER tc CO., ofParls Also CoMMEl<<;lAI. IKKDITS and DRAFTS oa LONDON. PAi.IS,andSCoTl,ANI). ADV AN( Ed made un ConslgnmenU. STOCKS sod BOMDU boagkt and sold sn CoinmlsaloB, hdwabd haisot, Jb., Member ol N. T. btjck Exchange. Edward Haight & Co., BANKERS, No. 9 Wall St., corner of New St., New Tork. WE TRAK8&CT A OKNERAL BANKING BCSf- NK^^S, receiving deposus un which we allow Interest, and subject to ctiec^ at bight. As Agents of the United States Treasnry, we are prepared to receive sabsorlptloos to the nuw U.S. Loans. We will buy or sell on commisalon all the l<>sae4 of Government becnrltles. Railroad Stocks, Bunds and Gold. Investment orders partlcalarly attended to. COLLEC riONS mane on all accessible points la Iha United States and Canndaj. CERTIFICATES OF DKPOSIT issued, payable With interest, ana available at all baslness Ctf&lres. Nbw Vobk, March U, 1871. SOUTTER & Co., HANKERS, No. Sa WILLIAM STREET, NEW TORK. 'Dealera In BUIa of Excbaoge, Govertunenta, Bonds' Stocks, Gold, Commercial Paper, and all NegotlabI* Secnrltles. Intt.reat allowed on Depoelu subject to Sight Draft or Cheek. Advances maae on approved aecnrlttes. Special faclUtlea foi negotiating Cuuimerclal Paper. Collect ^s both Inltnd and fureUii iiruiuptlymade. For^gn and Domeitlc Loans Negotiated. E. S. Bailey, •( WAIiI. STREET, Bays and Sells Insurance Stacks and Scrips ; also, Bank Stocks and other Securities. " SPBCIAI.TT>< caah paid at once for ihe above Secnrttlas : or tliey will be sold oa comnuaaloa, at sellers opuoo. C. C V R R T. BXCHANGK BANK AUGUSTA, OA. Southern B'cnrltlee of every deeertption, vtx.: tTn- current I ank Notoa; Sute, Cliy a Kallroad s.oeks. Bonds and coupons, ty-Colle tluusmade In allnsrtsol thl' State aad S^ath caroUaa, and remitted^ for oo day ol ooUso* Uea, tl goirest rate «( New Tork Kx-ohancs,

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Page 1: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

HUNT'S MERCHANTS' MAGAZINE,

REPRESENTINQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OI' THE UNITED STATEft

! VOL.12. NEW YORK, MARCH 25, 1871. NO. 300

2Vbucrtiscmcnt0.

AilTertiumenti will b« Intertad tt the foUovliiKr lc«t per Una lor eacli Itiaertloa :

ordtrad leu than 4 tlrnea. Wc«nt< per Hoe.Imeeormoie IS **

" U«10

• M g M

It the tdrertleement oecnplee one oolnmn or up-wirJt, ft dUoount of IS per cent on these rate* will beftUowed.Space U meaiared la ftfmte type, 14 lines to the

taeo.

AdrerttsaTneote will haTe a farorable place whenrat p<tt In, bat no nromlie of eontinaoas Insertion lahe beat place can be elveo, aaaU advertlaen moithare eqaal opportanUlee.

Advantac«a.I. TheCHROytCL!'. h« much the largest ctrcala-

tl9a of any fliianclal pabltcatlon iasueu.

. TtarlrcuUtton ettends to bnslneasmen In BOTHthe yi<)AMi'i.\L am COMMKK'JiaL branches, andalso 'o a very nnmerous class ot ri^tirart merchants,moneved men and Investors, who are not cnfcajced Inregular basinese.

S. It Is preaerved on file by snbsorlbers, and thaspos«e*ses a great advantage for advercUers, over thosepabllcatloos which are UabUaaLly thrown aside afterperual.

Wn. B. DANA & CO.,PUBLISHERS,

7> ft 81 Wllllnm St., N T,

(Sn For terms ol Sabscrlptlon aeeStb pace.

Bankers and Brokers.

N. O. National BankOT

NBTT ORILEANS, LOUISIANA.ALBZ. WliELB^S. President, ||

JAS. N. BEADLES, Vlce-Frealdent.

BICHARD JONES, Cashier.

ParttcnUr atte tlrn given to Collections, both intbe City and all points la con 'ectiou with It. Promptretnrns made at best ra*e of Bzchantre, and no chargeniaie. excepting Ibit actnallv pnld apon «ay diataatpolat. Correspondence solicited.

NSW Toss COBBIBPONDUTT:RIKTH NATIONAL BANK.

0. TowxaiHD. P. O. Fazixoi. W. R. Lniax.

Townsend, Lyman & Co.BANKERS & BROKERS,

NKW OBLliANS.IV Partlcnlar attention i-lve i to baslnees of Corres-

Doodants. Colu ctl JOS remitted for at carreotrate olXzchaov '.

New Tork Cnrrespoadeots : Trevor 4s Colgate, Mor-ton, bU*s 4k Co.

WILLIAI ALBXANDEK SMITH & CO.,

BANKERS,

Ho. 40 'Wall Street, Neir Yorka

DEPOSITS received and Interest allowed at beatCorreat Itates.OOVgRNMKNTandSTATK BKCURITlKS,GOLD

BAILKDAD KOSDS, STOCKS, etc.. boaght andSold on Commission.ADVANCES made np«n approved Saonrltles.COLLECTIONS made, and Xoaoa tlegoUatad.

Banker! and Br<-ker8.

A. C. Kaufman,BANKER * BROBLBR.

CHARLESTON, S. O.DKaU RlQULABLT IK TBI FOLLOWDia LiHX OF

DZSIHABLI SOUTBXBN SBOVBITIX8, VIZ.:

Soath Csroilna State Bonda; Charleston CityStock: Savannah City Bauds; Angoaia Cltv Bonfis;Meraph s Llty Bonds and Cuupons; NashvilleCity Bonds and Ooapons ; Tenneaao Rt^te Con-pons; South Carnlina Rtllroad lionds (S'-vtos andSixes); South Carolina Railroad St><ck ; North EasUrnRailroad Bonds (EUhU) : Greenville and ColnmblaHa Iroa^l Bonds; Savannah ann <:)iarlestoa RailroadBonds (Seveai and Sixes) : M'mplils and CharlestonRailroad Bond, Oeorcta Kallroad and Cltv Secui llles.Soath Carolina, North Carolina. Oeortrla. Tennessee,

Alabama and glnla Uncurrent Bank Notes.

Collectlone Recelre Especial Attention

Wh. Pabxzb, SAxnL Lawbsnob.Member ot N. T. Stock Xxchaoge and Gold Board.

Parker 5c Lawrence,Snccessors to Kellogg A Parker,BANKERS & BROKERS,

NO 1 WALL STREET, NEW TORK.Stocks, Bonds and Gold Bought and Sold on Com-

mlsrflon. Dealers In American and 1 oreign Gold an<lSilver, Qovernment Securities, &q, Collectloiu madela all parts of the Country.

e«o. L. Houtia. Ai,ax. KAOaaTH.

Holmes & Macbeth,STOCK AND BOND BROKERS,

Bankiira and Brokers

Key box 44.

OHARLBSTON, S. G.

Wlliam C. Oilman,dxalib is

INSURANCE SCRIP,ASD

Fire and Marine Insurance Stock,

46 Floe street; corner of William Street, N.T.

Cubbedge & Hazlehurst,BANKERS AND BROKERS,

MACON, QA.

Make Collectloos, and do a General Baaklog aadBrokerage Baslness.

REFER 10 EAST RIVER NATIONAL BANK.

OHN A. KLxn, C. C. Flowxxbbb. Gbo. M. KuticPrealaent. Vlce-Preaident. Cashier.

Mississippi Valley Bank,A BANK OF DISCOUNT AND DEPOSIT,

VICKSBDRG, mSS.H. T. Correspondent ^-B«ak of the Manhstua Co.

J.ficW. Seligman&Co.,BANKERS,

O.H BXCHAKOK PLACE. CUli. BROAD 8T„X.Tn

lasne Letters ol Credit lor TraTeUers,Payable In any part of Europe, Asia, Africa, Aostrs.

11a and America.Draw Bills of Exchange and make lelegrapUo

transfers o( money ob Kbiop* aa4 CalUornla.

Dodge,Kimb;ill & MooreBANKERS,

STOCK AND OOLD BBOKEBS,And dealers In

GOVBRNHENT SECVRITIES,14 WALL STREET, N. Y.

P. o. Box 4,aoe.

()UNCAN, Sherman & Co.,No. 1 1 Nassan St., New Tork CItr,

ISSUE CIRcr LAR NOTES AND CIRCCLVRI eliers ot Credit available and nayahle In all thePRINCIPAL ClTlE-i Of IHB WO (LI); also la th,j

CnUed States, Canada and West ladles.

Teleeranhl:; Transfers of Money to and from Lon.don, Paris, 8au Francisco, Havana. Ac.

Current Acconnts received ou such terms as may bagreed upon.

Edwabd Maioht,I

Late Prea'c oftuo Nut'nalHank of Commonwealth,

I

James Robb, King & Co.,BANKERS,

«• WALL STREET,Isaae Letters ol Credit for TraTeller

Available lu all parts ol Bnrope, etc.,

TBBODea maCITT BANK, LONDON,

nessrs.BOTITNGCER tc CO., ofParlsAlso CoMMEl<<;lAI. IKKDITS and DRAFTS oa

LONDON. PAi.IS,andSCoTl,ANI).ADVAN( Ed made un ConslgnmenU. STOCKS sod

BOMDU boagkt and sold sn CoinmlsaloB,

hdwabd haisot, Jb.,Member ol

N. T. btjck Exchange.

Edward Haight & Co.,

BANKERS,No. 9 Wall St., corner of New St.,

New Tork.

WE TRAK8&CT A OKNERAL BANKING BCSf-NK^^S, receiving deposus un which we allow Interest,and subject to ctiec^ at bight.

As Agents of the United States Treasnry, we areprepared to receive sabsorlptloos to the nuw U.S.Loans.

We will buy or sell on commisalon all the l<>sae4 ofGovernment becnrltles. Railroad Stocks, Bunds andGold.

Investment orders partlcalarly attended to.

COLLEC riONS mane on all accessible points la IhaUnited States and Canndaj.

CERTIFICATES OF DKPOSIT issued, payable Withinterest, ana available at all baslness Ctf&lres.

Nbw Vobk, March U, 1871.

SOUTTER & Co.,HANKERS,

No. Sa WILLIAM STREET, NEW TORK.

'Dealera In BUIa of Excbaoge, Govertunenta, Bonds'Stocks, Gold, Commercial Paper, and all NegotlabI*Secnrltles.

Intt.reat allowed on Depoelu subject to Sight Draftor Cheek.Advances maae on approved aecnrlttes.Special faclUtlea foi negotiating Cuuimerclal Paper.Collect^sboth Inltnd and fureUii iiruiuptlymade.For^gn and Domeitlc Loans Negotiated.

E. S. Bailey,•( WAIiI. STREET,

Bays and Sells

Insurance Stacks and Scrips ; also,

Bank Stocks and other Securities.

" SPBCIAI.TT><caah paid at once for ihe above Secnrttlas : or tliey

will be sold oa comnuaaloa, at sellers opuoo.

C. C V R R T.BXCHANGK BANK AUGUSTA, OA.

Southern B'cnrltlee of every deeertption, vtx.: tTn-current I ank Notoa; Sute, Cliy a Kallroad s.oeks.Bonds and coupons,ty-Colle tluusmade In allnsrtsol thl' State aad

S^ath caroUaa, and remitted^ for oo day ol ooUso*Uea, tl goirest rate «( New Tork Kx-ohancs,

Page 2: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

J*-t THE CHKONICLE. [March 25, 1871.~

Baiikera and Brokers.

. 0. BiESIT. 0. H. BiTHOSP S. D. r08T»B.

Barney, Raymond& C>o.

Banker* and Broker*,5 Wall Street,

Late PUIKSTOH, KATTOTOND & Co.

LeonardjSheldon&FosterBANKERS,

lOICWALL BTBEET.:New York.

Duff & Tienken,

BANKEHS AND BROKERS,15 WALL STREET, NEW TOBK.

H nTIIF JOB" H. TIEKKEH,

MemberJ^f the N. Y. Stock and Gold ExchangeB.

Stocks, Bonds. Gold and GOTCrnment Securities

""Fo^rel^" Go'id and Silver Coin, and fine Gold and

Silver Bars, constantly on hand.Interest allowed on Deposits.

Bankers and Brokers. _

M. K. Jesup & Company,BANKERS AND MERCHANTS,

IS PINE STREET.

^B^ndaand loan, for Railroad Co».,

Contract for

Iron or Steel Ralls, I,ocom«ttvie«,

Cars, etc.and undertake

all ba»lne«» connected with RaUway

S. G. & G. C. Ward,AOEim roB

9ARING BROTHERS & COOTPANlf.

BUWALL STREET, NEW TORE,

as STATE 8TBEET, BOSTON. '

Foreign Bills.

Bowles Brothers & Co.,PARIS, I.ONDON. BOSTON,,

19 wnJJAM STREET, H. T.,

isauB.

Credits for Travelers In Enrope,

KxclianKe on Paris and the Union Bank oJ London, In

sums to suit.

BubBCrlption agents for the ChbobiOLK In Paris.

John Pondir,BROKER,

In GoTernment Bonds, Ezcltange,Gold and Stocks,

No. 44 EXCHANGE PLACE,Particular attention given to the negotiation of

Railway and other Corporate Loans. , „. , , „Union and Central Paclio Bonds and Stocks a spe-

cialty.

James C. King & Co.,

BANKERS,•NO 516; BROADWAY,

Qoyernmcnt Securities, Stocks, Bonds. Gold and

Foreign Exchange.

Pn\e?e''sraUow"d'onc'i??en't'dally balances.^ „ ^„,CoStonsmadeon all parts of the United States

lUld Europe.

Knauth,Nachod&KuhneBANKERS,

New *ork, l.elpale. Saxony,

BRaAD ST.''^

8S BRUHL.

DRAW IN sums TO SUIT

»11 the nrlncioal clUea of Germany, Swltierland

EaSla^d^ FrSSe, Sweden, Norway, HoUand. Bel-

dam, Russia, Italy, Spain, Denmark, 4o.

issue I.ctter» of Credit for rrarelers,issue »'^;;^^^igio^p„u of Europe.

3. M. WKITH. Gbo Abbstb

J.M. Weith & Arentb,

Late J. M. Welth * Co.,

DEAI.ERS IN SOUTHERN AND MIS-CEI.I.ANEOUS StCUBITlBS,

No. 9 NEW STREET.

IiOans Negotiated.

A, D. Williams & Co.,STOCK BROKERS,

45 Wall Street New York.

Stocks and BondsBOUGHT AND SOLD ON COMMISSION.

A.DENIS'N WILLIAMS. 1 J. P. WILLIAMS,Member of the Member of the

N York Stock Exchange I N. York Stock Exchange.

Blake Brothers & Co.,53 ^Tall Street. New York.

AKD

28 ST&.TE STKBHT, BOSTONEXCHANGE ON lONDON

And Sterling Credits,

DEALERS IN COMMERCIAL PAPER.

Buy and Sell Massachnssetts and New York State

ttoczs.

Government Secnrltles Stocks Bonds and Gold

,oaght and sold strictly on Commission.

Williams & Guion,63 Wall Street, New York.

TRAVELLERS anQ COMMERCIAL CREDITSISSUED. avallaMe in all parts of Europe. *c. bili-b

OF EXCHANGE drawn in sums to suit purchasers

also Cable transfers. _Country Bankers can be supplied with Bills 01 BX

change, m large or small amount?, on the principal

cities of Kurope, also »lih Tickets for I'assaee from,

or to E.iropc.l>v the GUION LINK o( Mall bteamers

ADVANCES MADE UPt)N CONSIGNMENTS OFCOTTON, and other Produce to Ourselves or cor-

respondents.

Alex. S. Petrle &, Co.. Gulon & Co.London. Liverpool.

R. L. Edwards,BANKER AND BROKER,

NO. 88 WALL STREET, NEW YORK.

P. O. Box 3,328.-"Government Securities. Stocks, Bonds Gold and

^B;Vc}il'at''t^Stfo'n''S?veS"'to Merchants order, for

Coin,

Cammann & Co.,Bankers and Brokers,

8 Wall Street, New York,Transact a Gisbe.i, Biifaiso^BBeiNKBS, and fivft

iirScaiar attention to the PURCHA=K AND SALEOF GOVERNMENT, bTATB AND itAlLBOAD SECU-

**^Si!oepo8lt8 received subject to check at sight.

(BANKING HOUSE OF

Kountze Brothers,14 W^all Street. New York.

Deposits received from Banks and Individnals, sub

ect to check at sight, and Interest allowed thereon at

fOUIt PKK CENT per annum.Collections made throughout the United States, tbc

British Provinces and Europe. ^ ^ ^Governments Securities bought and sold.

Stout & Dickinson,BANKERS]

2S BROAD STREET,

Oor. Bxchange Place, New York.

Government Securities, Gold, Stock and Bondsnnusht and sold on commission. Accounts received

lad inteiest allowed on balances, which .may boene'^ked lor at sight same as at isank.

A V BTOUT. President Nat. Shoe and Leather BankJ R DICKW80N. late President TeniaNat. Bank.rlATTK. DICKINSON, Member of N.T. Stock and

HuWaBD^ c'!''filUKrN80N, Member ol N. Y. StockExduuiga. .

JOB 8 blO

Money to LoanON

DESIRABLE REAL ESTATE.

niORTGAGES PROOTPTI-Y CASHED,Principals only Dealt Trltb.

WM. SINC1.AIB, Jr., & Co., No. 3 Plna Street,

John Munroe & Co.,No. 8 WaU Street, New York,

Insnea Clroalar Letters of Credit for Travellers, andDraw Bills on

Munroe & Co.,NO. 1 BDE SCRIBE, PARIS.

Payable In Gold or Equivalent.

Brown Brothers & Co.,NO. 69 W^AIili STREET,

laSTJB

Commercial and Travelers Credits

Available in all parts ol the world

Morton, Bliss & Co.,ISSUE

CIRCULAR NOTES.

(iisued BO paid fteo ef CommissioB) and letters o(

Credit foi

;

TRAVELLERS,AUBO,

OOminERCIAL CREDITS,Available In aU parts of the world on

MORTON, ROSE & CO

LONDON.

jW. G. ClilTTICK,No. 8S WALL STREET, NEW YORK,

Buys and Bells, on Coounlssion,

Commercial Paper, Sterling Exchange,Government Securities, dec. 4cg>,

And Transacts a General Banking Business.

Loans Negotiated and Investments made on Favor.able Terms, Orders for stocHs and Gold carefallyaxecateaet tbe Begalar Boards. Prompt attenttongiyea to eyery Branch ot the business, p-——^-"'

Chase & Higginson,BROKERS IN

Government Securities, Stocks, Stateand Railroad Bonds,

NO. 6 BBOAD STREET,Buy and Sell on CommlBSlon the Bonds of the loliow-

ing Railroads:CHICAGO. BURLINGTON.AND QUINCY RAIL-ROAD AND ITS BKANCflKS—8per cent.

BCKLINOTON AND MISSOURI BrVBDB RAILROAD(IN IOWA)—8 per cent.

BURLINGTON AND MISSOURI RIVER RAILROADUN NKBKA8KA)--8 pet cent.

KANSAS CITY, ST. JOSEPH AND COUNCILBLUFFS RAILROAD—8 and 10 per cent.

MISSOURI BIVKR, FOBT SCOTT AND O0LF SH^h-ROAD—10 per cent.

LEAVENWOBTB. LAWRENCE AND GALVESTONRAILROAD—10 per cent.

FOBT WAYNB JACKSON AND SASINAW RAUrROAI>-« percent.:^ I t::^

Tapscott, Bros. & Co.86 SOUTH STREET, NEW YORK.

Issue Sight Drafts and Exchange payable in al

parts of Great Britain and Ireland.

Credits on w, TAPSCOTT & CO., Liverpool. Ad-

vances made on consignments. Orders for Gov

ment Stocks. Bonds and Merchandize executed.

Tucker, Andrews & Co.52 IVall Street,

JAS. W. TCCKEK & CO',:

! Bue Scribe, Paris

BANKERS.Issue Letters ol Credit.

g^\S'le°l"Bonl and Stocks in London. Pari.

andFfankfort and negoUate Loans on same. U

Agency of the"BANK O* BRITISH NORTH

AinEUICA,n NA68AD STREET.

rommerclal CredfllSlmned for use in Europe, China

Janan"h"i ast auTWist Indies, and South America.

I^^mand ami Time Bills of Exchange, payable In

Loud"San<f elsewhere bought and soli at curren

''i,tmanrDfli.r.?n" scouand and Ireland also on

Car ada British Columbia and San Fmuclsco. Bills

&\tedr.UotherBanU,.^^buslness.ran^

Page 3: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

Maroh 26, 1871.] THB OHRONTOLK. 966

Bostoa Bankers.

Page, Richardson & Co.,ANKBK9,

70 Stat* Street, Uoaton.of Exob»nx«, •nd CommeroUl »ua Tr»Teler«

Crwliu luu«d on

The C..r_^B«BS, Ko^^^j,,Robert Benson A Co.,)

Hfnnroe & Co. )

*!.D VrAUiM.marcunra. Andre 4t C^^ )

Ulroulu Notw arallabia for TraTclsn tn *ll p«rU otUarop* utd Ul» Kut.

Parker & Cobb,BANKKUa, W DBVON3UIKB STUBET.I

BOSTON,Bnjr and sell Western Cltr and Conn-

ty bonda.

Philadelphia Bankers.

BEJamisoit&Co.UANKBUB,

PHII<ADELPHIATraniact a general BaDklng aua Kzcbange bnalnesanclndlDg Pnrobaae a" "'

" — " '"

•tc.t on CommUaloo*nclndlDg Pnroiiue and sale of StocKa, Utinda, Odd

Western Bankers.

GiLMORE, DUNLAP & Co.,

108 4c 110 West Fonrtb Street,

CINOINNATI, OHIO.

Oeftlen la e«I<I>, SIIiTER and aU kindt

eOTEKNintENT BONDS.

COLLECTIONS MADB at aU acce<slbU

pdnta and remitted (or on day ofpoTment.

OHBCKS ON LONDON AND PARIS

rossAxjt

Field, King & Co.,CMoaco, ni.,

FINANCIAL AGENTSAHDREAL BSTATK LOAN BBOKEBS,Will make Inreatmeata for Corporatlona, Batatea andInill7lila«l8 aad neKOtUCe Keal Estate Loana, Com-mercKI Paper, Railroad Uoudi aad stocka, aad otherSeottrltlea.

Befar by psrmUalon, In CHICAGO, to

?\/-SS?^5',^J°"B'. ^""Ident Colon Sat. Bmik,8. M. NICKKBSJ.N, Prealdent Firat Nat. Bank.

Samuel A. Gaylord& Co.stock and Bond Brokers,

KO. 82a NOBTB THIBD BTBEETBAUTT LOniS MO.

California Trust Co.,m CALIFORNIA STUEBT, SAK FBAMOiSGO.

BANKERS,Oaalar* lo Xzolua«e, As ati in Flnaaoial and Trnat

Iiiulneaa

mTERKST ALLOWED OS OKPOSITS)raONBT TO LOAN,

Mfonc Vanlts tor Sale Deposit*.l^ealdent.

| CaatilerHXNBT L. DAVIS. | D. W. C. XHOiiPSON.

Trasteea i

H. H. Haliht, John Currny, W. H. Sharp. J. cJohnaon.aamnel Cnm.C. w. Hathaway, U.Harrou:V^'J- ^•,J"'i*',''- "oaanbanm. J. ofludrldSit 8HeydanfaldL H. J. Booth, o. J. l^>o«rliw.Tri. «?«^^?**'l,^„^ Cttmmla«., H. L. Davla~ft. M. rtnml

SSiii ' ^" "• ""*• ^- i'- Moori. TySr

NKW YORK COmHESPOHDENTVtrat NaUonal Baak or Hew T«(k«

Western Bankers.

Second National Bank,TITUSVILLE, PENN.,

Capital . . - . . •SOO.OOOJepoalted with U. 8. Treaanrer to aecnre Clrenlatlon

aadOepeslu S0I,N«.

C. HTDB, Oaihler. CBA8. HTDS FfMt.,

I

NATIONAL BANK OF -THE STATEOF iniN8utIBI.

I n St. Louis.BTABLISHKO MT.

Capital pAfd tn •8,410.300

Thla Bank, haTinc reorganised a« a National Baskla now preparhd to do a general bankloK bnalneaa.Oovarnment 8aourltaeB,Colu, Gold Daatand Bnlllon

bonKbtandaoldatoarrent ratea. Special attentionJlven to collectlona throaghont the weatAjaaaH.BsiTTOx.Prea. Cuab. K. DiocaOK, V FNSI

KDW^ao t*. CDSTia Oaablar

Morton, Galt & Co.,BANKERS,

180 Wast Main Street, LonlaTlUa, Ky., dealan InForaljni and Domeatlc Exchauge, tiovemment Bondaand an Local Becarltlea. Olre prompt attention toooUsetlona and ordera for Invaatment ot nmda.

W. M. F. Hewson,STOCK BROKER,

Office No. 21 West Third Street, Clflolnnatr. Ohio.Refer to: All Cincinnati liauka, and Meaars. LOCE-WOOD & Co.. New Yorlc.

Southern Bankers.

A. C. Kaufman,BANKER A1«D BBOESB,

CHARLESTON^ S .. <?

.

Uncnrrent Bank Notes, Bonds, Stocks, Specie Ex.ohanife, &c., &o., Donght and sold.

COLLECTIONS ON ALL ACCESSIBLEPOINTS

In South Carolina made and promptly remitted for.

New Tobx COBBispoitsBinra

:

Henry Cleits A Co., Aoantze Brothan,J. M. Welth & Arenta,

Juna ISBBUi. B. H. ISBBUU

Isbell & Son,BANKERS,

TALLADEGA, ALABAISA,Special attention to collectlona.

New York Correspondent.—HOWES & MACT.

STATE OF ALABAHA.

The City BankOF SELISA.

Capital ..... 4100,000

JAB. ISBBLL. of Talladeca, Frealdeat.

WM. P. ARMSTRONG, Cashier.JNU. W.LOVE, AaautHBtCaalita^ U'l r

N.Y. Correapondent—Importers aodTraden National

T. J. Perkins,BANKER,

ECFAVLA, ALABAMA.BXCHANOX, BANE NOtFs AND COIN BOUQHT

ANDSOLu.

Collections made on all aooeaalble point* In theSouthern Statea.

Wlf. FOWLIB. B. n. 8oirxsBnLi.i.

Fowler & Sommerville,BANKERS A BROKERS,

MONiaOMElir.lALA,Special attention glTsn to pnrohasa of Cotton.'

CiUB. .7. JxxKDTS, T. p. BKiicon, Joa. 8. BajurPrea't. Vloe-FT*.'!. Osah'r.

Merchants & PlantersNATIONAL BANK,

AUaOSTA. OA.

Cash Capital, ...... $900,000Special attenUon paid to CoUaottoo*.

8onth«r& Bankers.

Edward C. Anderson, Jl?:

BANKER, Factor and

Commission Merchant,Sawannak, Ga.

Special attention glTca to cooalnunenta of Cottoa.out, StoeM, 0«a»M and Fftr«l«n aad DoMasS

luebanae, boafcht and aold.OaUaetioiH proowuy ranltted forOrder* solleitad far ilia pfrchaae oi >.iea of rrniHeiad •ecoritlas. Proeint aiaentjon goaraateed.Mow York Oerraspaadaau i Lawaairoa Bao*.*

J . W. Wheatley & Co.,BANKBR8 AND BROKERS,AKIERICVS, GA.

Do a general banking bnalneaa. Cotton pnroliatsdon order. Collectlona made and promptly remlnadtor..New York Correapondaats— Mastrs. Wm. BryeeA Co.

E. E. Braatrss, Prest. A. K. Wauob. CasUar.

First National Bank,UriLiniNCiTON, N. c.

CoUecUona made oa al parU ot th* CnlUd Statas.

Raleigh National BankOF NORTH CAROLINA.

DEBIQNATBD DiiP«>StrOHT OF TKB mffTKOSTAIES AND FINANCIAL AOENT.

W. H. WU.IABD, FrealdShlk C. DMrkT, C*<hl*rJ. C. Bi.AX« Aast.-Cashler.

James T. Brady & Co.,(Saeoesaora to B. JONES ds CO

PITTSBURGH, PA.Buy and aetl all Kinds of Railroad, City and other

aecurltiea.Culleotlons solicited and promptly remitted for.

J . L. & E. H. LevyBROKERS,

NO. 136 6BAVIBR BTBEBT.Neiv OrieaiBS, La.

eold and silver Coin, State and City Notes,Insurance Scrip, State and City Warraats'Bank and Railroad Stocks, United butre Bonas.Uncurrent bank Notes, MatHateti Currency,Land Warrants, commercial Paper,

Boii«bt aad Sold exelnslvely oa Coaa-mission.

Particular attention paid to SetUament of Stats andCity Taxes.

JHO. J. COHSir, P. L. COHBK, JOHH JaT COBBV.

Jno. J. Cohen & Sons,BANKERS Sc BROKERS,

ACODSfA.G^,OollectloDa made oh all parte of tne United Statss.

John Craig,Banker, Aagtaata, «.

Eapeclal attention paid to the pnrchaae and aala ofGold, Bauk N^'te<>,lionda,Sioc>a, Foreign and uoaaas-tic rich aie. collections made and proceeds prompt-ly reuilited.

R. T. Wilson & Co.,LATE

WILSON, CALLAWAY A: CO.,

BUikMBand Comantsslon nerchaala,KO. 44 BROAD STREET, NEW YO K

Oorenusent Beeurltlea, Stocks, Bonds and OoldbooJtbt and sold oa the moat liberal terms. MorcbasvBaakars and otkaH allowed 4 par aent oa dapoails:The most liberal adrancea made on Cotton, 1 obbaenH*&, oonalgned to ourselraa or to our correspoaasMMaararK^OlLLLAV a CO.. Llremo-l.

LOCKWOOD & Co.,BANKIB8,

04 BBOADWAT.Transaet a General Bankinc baal*

nesa, Inclndins the parcbaue and sale

o( Uowernment and State Bonda, Rail.

r«*« Stoeka aad Biada, aad o«ka

Mcnrlllaa, au otunpalaalon.

Page 4: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

356 THE CHRONICLE. [March 25, 1871.

Financial.

Elizabethtown

& PaducahRailroad CompanyOF KENTUCKT,

FIRST mortgage:Vclit Per Cent* Convertible Bonds.' ThlB road, connecting the important points of Loais-Tllle and PiducaU. u 1B5 miles lone, and paBsesthrough a ricb agricultural and mlnerHl Bection of theSlate of KentacKy. The trafllc will be abundantlyremunerative.Bixty miles of this road are already In snccesBfal

operation, uud it Is expected that the line will tte

opened to Greenville, 93 miles. In July rext. Thewestern eud uf the line, (on which a considerableameunt Ims bee expended) will be pushed vlgorouBlyto completion. The (;< inpauy have la good aad bosa.riDX stock subscriptions amounting to

$3,095,000ol wMch the city of Louisville subscribed

$l«000,0O0.Theie BondR are the only lien upon the property and

franchises of the Company, an<t as an aidltionai safe-guard to nurcliasers are denositod wUii tlie UKllKDSiAlKsTKUbi COMPANY OFNKVV YORK* whichwill pay over tne proceeds to tlie Kallroad Companyonly In the ratio of construction.Tneuianaguiiitnt is in tne tiai da of most rtsponslble

and lavorably known citizens of Kentucky, with theguaranty of their able and faithful direction, andwith the large amount of &tock subscribed theseBo'idB lorm a very safe and desirable investment.wThe coupon- are payable on the first days ot MarchandSepte I'ber at the Bank of America, New York.The Bonds are now oflered at the low price of 87X

cents and aci;rut;d interest, and we with confidencerecommeLd them to Investors as a thoroughly safeBflcurity.

NORTON, SIiAVG£IT£R Sc CO.,41 Broad st.

HALIiGARTKN dc CO.,35 Broad St.

Hr. ALEXANDBR SiniTH & CO.,40 Wall at.

REPORT OF THE CONDITION OF THEJSARKBT NATlONAIi BANKat New York, In the state of New York, at the closeof business on the 18th day of March, 1S71

:

Ds.—RESOUBCES.Loans and discounts $2,185.S<3 SOOverdrafts 3,490 86United States bonds to secure circulation. 600,000 00United States bonds ana securities on band 100,000 00Other stocks, bouua and mortgaE^es 1,000 00Due from other national banks 76,100 18Due from State banks and bankers 17,364 39Banklng-houee S5,U00 00Current expenses $9,0j9 90Taxes paid 7,838 38— 16,898 26Premiums paid 7.226 UChecks and other Cash Items S9,9.-v9 65Bxchangfcs for Clearing-house 255,550 78Bills of other national oanks 23.^67 00Bills of fctate banks 181 00Fractional currency (Including Bickels).

.

4,271 63Specie, viz: Coin ¥5,056 06Gold Treasury Notes 83,400 tOChecks on oiner banks payablelugold.. 19,700 66- 108,156 62

Legal-tenaer notes 416 977 00GlearlDgliouae certificates,.., 190.000 00

Total $4,110,209 25

Cb—LIABILITIES.Capital stock paid up *1,000,000 00Surplus Fund 349,696 '40

Discount $23,200 75Exchange 554 43Interest 15,408 47

88,163 65Circulating notes received from

Comptroller 529,800 00Amounto) hand 18,488 00Amount outstanding 516,862 00State Dank circulation outstanding 7.500 00Dividends unpaid 2,390 00Individual deposits 1,782,886 OSCertified cliecliH 131.562 98Due to national banks 82l,S44 01Due toother itaulcs and Bankers 10.''04 S9

Total $4,110;309 25

state of New York. County of New York

:

1. A. GiLBRRT, Cashier of •• The Maiket NationalBank of New York," do solemnly swear that theabove etatemeut is true, to the best of my knowledgeand belief.

. .^ ,A, oaBEBT, Cashier.

Correct—Attest,R. BAYLE8, )HKNHY LYLH8. i DirectOW.JOHN M. bruc£:,jb., J

'*'"•"'••

Bwom to and Subscribed before me, this 23d day ofMnrch, 1871. Thohab Hikwood.Notary Public, In and for thu County of New-York.

Gibson, Casanova & Co.BANKERS'

no. 90 EXCHANGE PLACK.STOCKS, BONDS, OOVERNMKNT SECtTRITlRHFOUKION KXCHANGE and GOLD bought "id ,?ldon the most favorable temiB. ^ "

INTKHKST allowed on depoBlta either In CurrencTfhVrity iVink,"'

'" '"'*'='' " •'Kht.the aame m wlSAOVANCKS made on all marketable spcnritiM

OOLL>C1IONS nude at all DQloH ot thu nNir.H•d HRITI8II PKoVlNCRS. "" U'"0»

THE INTERNATIONAL BANKING HOUBE OFBRKI'AZ, ABT & CO.,

ISl Resent Street, w.,, fcoadon.

Finanoial.

Safe Investment.

Tbe attention of Capitalists Is called to the

FIRST nORTGAGE

Seven Per Cent Bonds

PEORIA, PEKIN ic JACKSONTILIiBRAILROAD COnPANY,

Issned In ittmB ol tSOOand 11,000, redeemable Jnly let

1S94, with coapODB for aeml-annaal Interest, payable onthe first days ol January and July, in the City ol

New Tork, and secured by a Mortgage for f '.,000,000

upon tbe Railroad, its franchises and all equipment,

on the well protected basis of abont $12,000 per mile.

This Road, with Its 83 miles of muin, and over 8

mtles ol side track, Is completed and In successful

operation betwetn tbe cities of Peoria and Jackson-Tille, in tbe state of Illinois. At Peoria, tne third city

in the state In respect to business and population, it

Intersects four prominent Railroads, with connectionsfor Chicago, Itock Island and other points North,

East and West but haying its principal connectionwith that of tbe Chicago, Bock Island and Pacific

Company. At Jacksonrllle It concects with three

Roads forming, with tbe Jacksonville Division of the

Chicago and Alton Koad, the ehortest line betweenPeoria and 6t. Louis.

Its rental receipts flrom other Roads, whose trains

pass over less than ten miles of its track, are (10,000

per annum, being more than one half oi tbe amountof tbe annual Interest on Its First Mortgage Bonds,otberwise amply provided for by Its exlsilng busi-

ness.

A portion of tbe 11,000,000 of First Mottgage Bcids,aforesaid, the high character of which for investmentwill be observed, are now oflered for sale by

JV. T. HATCH Sc SON, Banben,

84 WALL STREET, N T.

Tbe Directors of the Company are as follows

JOHN ALLEN (President), of Saybrook, Conn., latoof Hopkins, Allen & Co., New York.

RICHARD ARNOLD, of Messrs. Arnold, ConstableCo., New York.

JAMCS M. CONSTABLE, of Messrs. Arnold, Constable & CO., New York.

LUCIUS HOPKINS, of Messrs. Hopkins, DwlghtTrowbridge, New York,

EDWIN L. TROWBRIDGE, of Messrs. HopkinsDwight & Trowbridge, New York.

LEBBKUS CHAPMAN, Jr. 83 Wall St.

JAMES F. EELSEY, Havana, His.

Miscellaneous.

Tbkasuht Dipabtment, 1

State op Arkansas, >Little hook, March 1, 1871,5

THE SEBIl-ANNUAI, INTEREST.cine April !, 1871, on Arkansas State Seven Per

Cent bonds, will be paiil on and after that diitc. at tbeUNION TKUSt COMPANY, No. U Broadway, NewHENRT PAGE,

State Treasurer.

Kansas Pacific

Railway Company7 PER CENT GOLD ROND8,

fDenver Extension)WANTED, for the Sinking Fund,$20,000

Of tbe above named Bonds, issue of June 20tb 1869win be purchased of the lowest bidaer. Seated pro^proposals, naming prices " flat," for the above (20 000.or any part thereof, a: e requested, and will be onenedMarch :iOth, at 11 o'clock, at my ofllce In St, Louis.

ADOIiPHUS JHEIER,Trustee.

an ARINE IN8DBANOE.

SO. 80 WALL BTBEET.

Merchants' Mutu/lnARINE INSURANCE CO.,

OF SAN FBANCIBCO, CALIFORNIA.

Asset*

:

U.S. Bonds IIIO.OOOOOKealEstate lOOdOOCX)1 oaus O'. Honda and Mortgage. 280.00) 00Loans on Collaieials 130.830 00Cash in Dank. &c 6a,' 79 S6Bills Receivable 25,409 88Premiuuis in hands ot Agentsand in course ol collection.. 90,106 96

Other l-roperty 2S>7 tSt801,»te at

I.IabIUtles :

Losses In course of adjustment (68,862 00Requirei to re-Insure outstand-ing Risks 85508 7«

Bills payable for re-Insurance. 1,807 18Total Liabilities »1SS,87J 88

Income t

Cash Premiums t'M)A59 23Interest, &c 73,022 21

(834,031 «S

Expenditures t

Losses, Taxes and Expenses.., (314.189 43Dividends to Stockholders 90,0.0 00

(804,189 42

J. B. PCOTCHLKB, President.JtBBZ HOWES, Vice-President.

E. W. BODENii;, Secretary.

California Insurance Co.OF SAN FRANCISCO, CAIi.

Assets I

RealEstate (93.000 00Loans on Hond and Mortgage. 160,^60 00Interest due on do . 670 00Cash In Bank. &c 14,848 !»I oans on Cell aterals 6J.300 00Premiums in hands of Agentsand In course of collection.,. 89.166 85

Premium Notes 18 692 10Otber property belouglng to Co 63,976 87

E. Judson Hawley & Co.Rankers,

K. JUDSOIf Hawlet, No. W WALL STREETAUEED W. Babtlett, New York'Government Secarltles, Stocks, Bonds. Gold, Ex-

change and Mercantile Paper bought and sold ONCOMMISSION, Interest allowed on iJeposlts. whichmay be checked for at sight.

lilabUltles t

Unpaid Losses (34,250 00Amount required to reinsnreoutstanding risks 54,164 60

Bills payable lor reinsurance... 2,394 50Total Uabllltles

(fSS.lOS 91

(80,809 10

Income t

CashPremlnms (183,221 90Interest. Ac 38,670 62Increase of Capital 100,000 00

Expenditures t

Losses, Taxes and Expenses.... (91,374 40Dividends to Stockholders ii6,000 00

(371,893 M

(177,27140

C. T. HOPKINS, President.__ N. B. TICKNOR, Vice-President.

Z. CROWBLL, Secretary.

The inercliants> and California In-surance Companies or San Francisco,haTlnK established a JToint Asencr Inthis city, ^vill efieet Insurance on

Vessels, Freights & Car-

goes, at the

OCTRRENT RATES.LOSSK'* PAID IN NE W YORK, SAN FRANCISCO

AND LONDON. AT THE OPTION OFTHKXSkSSURKD.

Agsresate Assets, - - $1,235,080 16In Gold.

HBW YORK BOARD OF REFEBBNCK

;

A. A. LOW, Fso. Of A. A. Low 4 Brothers.ABRAHAM R. VAN NEST, Esq.F,GISTo P. FABBRI, Esq of Fsbbri * Chauncey.GEORGE BLISS, Esq ol Morton, liUtt A Co.

Sutton & Co.,Nos. 40 & 4a Exchange-place. B

FINANCIAL AGENTS.

NEW YORK,IRANKERS AND STOCK, BOND AND WrEAKS & WaLSH,GOLD coninissioN brokers, [^^ '^ '^^^'' '^ n nuany

Make llberia advances on all First-class SeourlUei.MARINE AGENTS,

IstweatallowsdeB Deposit ;s ^^'"'"-

,

^q IT A 1. 1. STREET.

Williams & Bostwick,

'

Page 5: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

financial;

xmtkHUNT'S MERCHANTS' MAGAZINE.

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.

VOL. 12. SATURDAY, MARCH 25, 1871. NO. 800..

CONTENTS.THB CHRONICLB.

Tb« Truniry OoM SalM >S7Immlirratlnn 868Debt snd Fiiuncea of OeorgU.

.

898D«bt and Flnancea of Virginia.

.

860Ctumgea In the Redaemlng

QAZKTTE AND RAILWAY MONITOR.QaoUitiona of Stocks and Bonda

881Agents of National BanksLatest Monetary and CommercialEnglish News 861

Commercial and MlscellaneoasNews 863

THB BANKERS'Money Market, Railway Stocks,

U. S. S«enrltles, Oold Market,Foreign Exchange, New YorkCity Basks,PhiladclphlaBanksNational Banks, etc 365

Railway News 869-70State Bond List 871Railroad, Canil and Mlscelane-oas Bond List 87S-8

THE COMMERCIAL TIMES.Commercial Epitome 874 I Groceries 878Cotton 375 Drv Goods 880Breadstafis 877 | Prices Current 883

®l)e (2Lt)rontcle.

TaRUoMXEROlAl. AKD FINANCIAL Ohroniolk isisiueii every Satur-day morning, with the latest news up to midnight nf Friday.

TBBlf8 OF SVBSCIUFTIOH-FATABLS IIT ADYAKCI.Tas OoM«r.RciAL 4ND Fihangial Ghbomiolk, dellTered by osrrlertooUy4u',«orib«rs,ana mailed to all otliersi (exoloslve of postageOForOne Year $10 00For Six Months J 00

7A« Chkomcli wiU be tent to rubeeribert vntU ordered dlteonOnued bv letter.nttage iefoeenit per year, and it paid by the eubteriber at hie men pott-office.WaxiAM B. DANA, ) WILLIAM B. DANA k OO., Fnbllshsrs,

B. f 79 and 81 William Street, NEW YORK.Post Omcc Box 4,BM.

ORH a. n,OTD, JR.

Mr. Alex. Holmes is our only trivelling agent.

. ' The Pablishers cannot be responsible for Remittances tinless made byDrafts or Poet^Offlce Money Orders.

^^ A neat file for holding current numbers of the CHBomcLZ Is sold at theofflce for 50 cents. Volumes bound for subscriberr at $1 25. The first andsecond volumes of the Chroxicle are wanted by the publishers.

THE TREASURY GOLD SALES.

The news from Paris yesterday tended to increase the

incertitude and hesitancy of the movements in Wall Street,

developed by the recent unauthorized report that Mr. Bout-

well has determined to adopt a new financial policy, whichwill unsettle the money market, put down gold, and cause a

rise in government bonds. What this policy might be, wasvariously reported. The most common report is, that hewill sell at once about one-third of the 80 millions of gold,

which is in the Treasury, the property of the government.

The premium will thus, it is argued, decline. An immedi-ate purchase of five-twenties is to follow, and is expected to

cause them to advance. The success of the new loan is bythis two-fold manoeuvre to be assured, for the obstacles

will be removed which now make the ten-forties and the

five-twenties more attractive to investors than the newfives. The rumor is wholly without confirmation, andits discredit ought to have been secured*by the fact that

such a piece of financial strategy would be suicidal. It

would be equally injurious to Mr. Boutwell's popularity,

and to his prospects for completing his proposed ne-

gotiations. The sudden and violent forces which It

would evoke for the alternate rise and fall of gold andforeign exchange would unsettle values, awaken eeneral

distrust and inflict severe losses on our oommerce and trade.

If the gold premium is to be violently put down, it will' be

apt to recoil as violently, and Mr. Boutwell's power^over

the market is limited by his available coin surplus, which

is the product of taxation, and ought to be sold for as high

a price as it is worth in the market, rather than to b« used

as a means of depressing values and throwing business into

confusion. In May, 1866, this expedient of controlling the

gold premium was tried for the last time ; for its failure pre-

vented Mr. McCulloch from ever venturing upon a repeti-

tion of such a cosily and futile experiment. If the success

of the funding scheme can be gained by no other means, the

people will elect to wait until a more auspicious time.

It awakens some surprise that the five-twenties should

have declined since the new loan was announced. But

stability is one of the elements of financial strength. Thegeneral effect on public confidence is always unfavorable for

a time when there is any unsettling of loans or any reor-

ganization and expensive refunding of outstanding bonds.

These movements are, however, only temporary. And they

have been in part due to the injudicious rumors put forth

that the five-twenties may, if not refunded, be paid in green-

backs at maturity. As our currency is rapidly advancing

to par, greenbacks may soon be worth their face in coin.

If hereafter, when the five-twenties shall be paid off, the

greenbacks are at par, who will be injured if the five-

twenties should be paid in greenbacks 1 And if our cur-

rency is not at par then, the law of 1866 forbids payment

otherwise than in coin. And this law, which was the first

act of Congress signed by President Grant, cannot be

repealed. Congress has no power over it, as it forms a

part of the contract between the Government and its

creditors, and to this contract the public faith is pledged.

The discussion of such a question, however, at this moment,

is unfortunate, and has had in the sensitive condition of the

public mind an unhappy tendency to disorganize and dUcourage the movements of the money market.

This is the more pronounced because of the approaching

drain of currency and of deposits for the first of April. This

is the period of one of those periodic depletions of the

money market which, under our inelastic currency system,

seldom fail to cause trouble. These drains occur quartorly

in England. Here they are more irregular ; but in each

case they originate in the necessity for making heavy pay-

ments at certain seasons in the country. The pecuniary

settlemenU of April are not very large, and the currency

they attract from this centre returns in a fortnight or three

weeks. After this we have no similar movement of any

importance till the fall. About the month of October the

grain crop r«<jui'"es *o be moved, and the currency thus

withdrawn irom us does not usually find its way back till

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358 THE CHRONICLE. [M«rcli2i{,1871.

December. In this month the pork crop makes its claim

for funds which do not return till February, Meanwhile

the cotton crop demands its quota of rgoney from us in

November, December and January, and the funds seldom

return till April and May. When the influx of these funds

is early the April drain usually fiiils to produce much incon-

yenienoe. It was, however, with a view to avoid increasing

the trouble from this April drain that Mr. Hulburd has

called for, his quarterly report from the banks to be madeup for last Saturday.

, ) f. Xf p 'v ryy

Another reason why Mr. Boutwell's rumored new policy

has caused disquiet, is the dubious position of our foreign

exchange market in face of possible demands from our

transatlantic creditors. This is a contingency to which, as

a debtor nation, we are of necessity exposed, in presence of

extraordinary financial movements in Europe. How far

any apprehensions thus arising may be verified is uncer-

tain. Hence Mr. Boutwell will, it is hoped, lose no lime in

reassuring the public mind as to what he intends to do in

i<egard to the selling of gold.

The coin reserve in the Treasury has functions to perform

of the very highest concern to the public credit, to the va-

lidity of greenbacks, to the government securities, and to

the whole currency and credit system of the country. If

any new policy is to be adopted in the management of the

coin balance, therefore the people wish to be warned of it

in time.

IMMieRATION.

One of the most fruitful sources of the rapid material pro

gress of ^this country has long been recognized in the in-

creasing tide of immigration, which has, during the last hallf

century, brought no less than seven millions and a half of

emigrants of kindred races, who have left their foreign homes,

attracted by the certainty that with honest labor they could

better their condition by settling permanently amongus. It is impossible to compute in money the amount

these immigrants have added to the national wealth. But

those who are curious in such matters have made estimates,

founded on the capitalized value of unskilled labor as rep-

resented by the price of slaves before the war, As free

labor is certainly worth more than forced labor, and as one-

tenth ot the immigrants are workmen of more or less skill,

it has been argued that on a fair capitalization of earnings,

the average value added by each immigrant landing on our

shores must be at least 500 dollars. Taking this low aver

age [as a basis, it appears that the immigration movementadds every year to the national wealth a value averaging 190

million of dollars, and that since 1848 the immigration has

swelled the resources of the country] by 3,000 millions of

dollars, or more than the aggregate of the national debt,

with the debts of the various States and municipalities com-bined. This aspect of the immigration movement is sug-

gestive, but of course such calculations are conjectural, andoffer but one of the multitude of elements for estimating the

value of an orderly, law-abiding, skilful and ingenious popu-

lation, pouting itself yearly into a popular govern-

ment like ours, whose rich lands invite settlers, and whose

inrivalled climate, vast resources and free institutions, stimu-

late and give full scope to inventive, genius and industrial

energy. The influx of a million laborious, gopd citizens

added to a progressive civilization like ours, diffuses energy

throughout the whola boJv poi'itic, and gives a new efficiency

to all the productive forces Cf tii.°-country. For modern

economical science finds that to enlargt.' *°^ concentrate popu

lation, gives one of the essential conditiok'^'"''''^®™^'"®'^°^-

plete division of labor, and for the ealar^eiu'^"*^and combi-

nation of those stupendous forces which initfeast''"^'** ^"^^^

rapidity the wealth of nations. Well directed imm'^''*'°''

then does cot merely add a fixed capital of so many dead

miUioDs of dollars to our national resources, but it confers on

the country advantages of far higher worth in enlarging

the organization of labor and aooeierating the movements of

that productive machinery which is a permanent creator of

new sources of material prosperity. The following table

shows the extent of the immigration movement during the

past fifly-one years. By the courtesy of Mr. Young, of the

Statistical Bureau at Washington, we are enabled to present

the figures to ovr readerg ia adranoe of their official publi-

cation.

TOTAL IloaOBATION FOR FIPTY-ONB YEARS.1820. Tear ending Sept. 30."821.

884."

-!S ....

82S." "^

-....

828. " "827.

" "

828.

829. " "

830." "

831.,. 1. IB months to Dec. 31

833. Year ending Dec. 31834.

".

'835. " wi.

"

838." "

:837.

840.

.841.

842.

5^

.843. 9 months to Sept. 30..

844. Year ending Sept. 30.,

845.

1846.

HATIONAUTIES OF THE

8,3859,1.30

a,9n«,35i7,912

10,19910,83718,87527,38222,5202.3,.322

22,68360,48268,64065,86545,37476,24279,34038,91168,07284,00680,289104,56552,49678,615

114,371154,416

ALIEN

1847. Year ending Sept. 80. . .

.

1848. " "

1848." " ...,

1830. " "

1850. 3 months to Dec. 31 ...

.

1851. Year ending Dec. 81....1852. " ^'

1853. " "

1854.

1855.1856. " "1857. " "

1858. "1859. '• "

1860. "1861.1862. " "

1863.

1864. " "

1865. " "1866. " "1867. " "

1868.

1869.' "

1870.

226,587^7,041809,98759,976879,466371,603368,645437,888200,877900,436261,808ia8,lM121,28S153,640

i,^87

176,28219.3,418

248,120318,654298,868297,215385.287379,786

Total 7,643,817

PA88EHQEB8 ARBrVBD IN THETTNITBD STATES FOR 51 YEARS.

Qemiany.not Inc'g FraseiaPrussia,AustriaSweden and Norway.

.

DenmarlcHollandFranceSwitzerlandBelijium.Spain.PortugalItaly.. .,

SardiniaSicilyMalta.Greece.Russia.PolandHungaryTurkeyChlijaJapanIndiaArabiaSyriaPersiaAsia, ndt specifiedCape of Good HopeMberiaEgyptAbyssiniaAfrica, not specifiedBritish America.MexicoCentral AmericaGuianaVenezuela..;.;.Pern.Chili.BrazilBuenoB AyresBoliviaNew GranadaParaguay. ,

South Ainerica, not spec

.

CubaJamaicaHaytiPorto RicoWest Indies, not spec'd.

.

AustraliaSandwich IslandsEast India IslandsNew ZealandSociety Islands . . ,t

Isl. of the Pacific, not spec.AzoresBermudas .'.

Cape do VerdesMadeiraSt. HelenaCanary IslandsMiquelon ,.

IcelandCountries not specified. . .

.

CorsicaBarbary States

Aggregate 248.120 318.554 296,358 297.215 885,287 879.766 7,543.317

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March 25, 1871.] TftB CaRONlCLB. hSd

It hBa been anticipated that the finonoial troubles in' France

ooiwequent on the ravaijes of war and the burdens of now

taxation will cnuse a large emigration this way. Hereto-

fore the emigration morement from France has been

rather sluegish. The aggregate of French emigrants was

only 3,580 last year, and 4,118 In 1869. These were fair

average years, the numbers rising to 0,885 in 1866.

The French aggregate of emigration for 51 years was

245,812, against 100,372 from Prussia, 2,268,1 1 1 from the

rest of Germany, and 3,857,793 from Great Britain and

Ireland. In the census of 1860 it appeared that of the 27

millions of white population, 4,131,812 were of foreign

birth. Of these the Grermans numbered 1,301,136, the

Irish 1,611,304, the English 477,445, the Scote 108,518, and

the other Europeans 307^88. Of British Americans there

were 249,970.

One of the most interesting aspects of immigration is the

steady flow with which this efHux of the surplus population

sets this way in preference to Australia or other parts of

this continent. The preference was temporarily checked by

the war, but soon set in again with new force. This will be

evident from the subjoined table. The figures are derived

chiefly from the English ofHcial returns, and differ but little

from our figures. Tfiey give the number of native anJ

foreign emigrants who embarked from Great Britain during

the 55 years from 1815 to the end of 1869 at 6,756,097.

Of this toUl 4,270,597 came to this country, while 1,356,476

went to British North America, 971,358 to Australia andNew Zealand, and 152,266 to other parts. The subjoined

table shows the number and destination of emigrants fromthe various British ports. A comparison of the figures with

those of the previous table will show that a considerable

minority of these emigrants were not English subjects

;

Total eml- Total emlgr't^ Total oml- BritishTotal. nanti to to Brituli grant* to emlmnte

Anatralta. N. America. U. Statce. toTT 8188! 176,807 82,309 17,966 108,414 97.1991856 176,554 44,S84 16,378 111,837 OT OOT1867 »14,8T6 61,S48 ai,001 136,905 118 84018B6 118,978 89,iB5 «,7M 68,716 BSg-W1889 1S0,432 31,013 6,680 70,803 6i;379IgJO 188,489 S4,«« 9,786 87,500 783741861 91,170 88,788 12,707 49,764 4^)4721888 131,814 41,843 15,628 58,706 1711901»3 283758 680M 18,083 146,813 m,7>W1864 S06.900 40,W2 12,781 147,042 1161I511865 309.801 37,283 17,211 147,258 112,2371886 804,882 84,097 13,255 161,000 131 G20law "*•''' 1<<«6 '5,503 169,275 125,520}8«8 196,a»l 18,809 21,062 156,638 10?6821869 858,087 14,901 :«,891 8^,001 1471716

It would much increase the value of Mr. Young's tables

of immigrants if he could give us their destinations as well

as their nativities. Hitherto there has been little attempt

to direct the stream of new immigrants into any special sec-

tion of the country. Of late, however, several schemes havebeen projected for this purpose. One of them was lately

before Congress, and failed because it was supposed to be in

the interest of land agents in certain regions, and contem-plated the offering of special facilities for certain routes anddestinations, and a difcrimination against very eligible parts

of the country. These allegations were never proved, webelieve ; and the bill will doubtless bo brought up again in

Congress next winter. Another movement of a more pri-

vate character has regard to the French emigrants, of whoma large number it is supposed will desire to leave Alsaceand Lorraine and some of the agricultural and vine-growingdistricts which have suffered by the war. Georgia, Virgi-

nia, North Carolina and some other States have been spokenof as the direction which this new organization wishes to

give to the French emigration. The raanufaoturing popu-lation, however, will probably prefer to emigrate, if at all,

to the Northern or Middle States, and as for the farmersand viniculturists, if they could only overcome their love ofhome, there are several of our Pacific States in which thou-sands of acres of the finest vine lands await industrious,frugal citizens to enter in and possess them. California, for

example, has an ate^ almost as grsal as the whole of the

French territory. Its climate, for more than a century, hai

proved its adaptation to the culture of the vine. Its foot-

hills rival in soil and equal in extent the best wine regions of

France. In Europe one good full crop, safely harvested in

five years, is said to be a fair average, but very rarely has

the crop been a fiiilure in California. " Xowhere," says a

practical vine-grower of much experience from Continental

Europe, "nowhere in France, the Netherlands, libenish

Prussia, Spain, Italy, or any other country, can be found

vines more noble and generous than in the young State on

the Pacific. Nor has she ever been equalled in the amount

of her vintage per acre, or the annual certainty of her crop."

We have been assured that there is no exaggeration here.

But in any case this part of our territory is so worthy to

attract the stream of expected emigration from France,

that we shall not be surprised if before long the far-sighted,

shrewd, successful managers of some of the Pacific Kail-

roads should take steps to promote a movement which

would introduce a new stimulus, and give a more intelligert

and useful direction to the emigration not only from France,

but from other European countries.

DEBT AND flSANCES OF GEORGIA.

In 1860 the debt of Georgia was $3,670,750, and the principal

was not materially increased from these Sguree till the year

1860. In that year it was increased by $134,000 Issued to the

Atlantic and Galf Railroad; $1,.')00,000 issued for repair* andequipments of the Western and Atlantic Railroad owned by .the

State;$100,000- in BubBtitution of a Bimilar amount of bonds

authorized the previous year; $600,000 for the payment of the

United States Land tax appropriation to Georgia ; and $8i)0,650

for the renewal of past due bonds, and the funding of coupons.

These' bonds were secured by a mortgage on tlie Western andAtlantic Railroad. The total debt, therefore, on October 15, 1866,

was $5,706,500. On the first of January, 1870, the total debt was$0,014,.'5OO, showing a very small increase from the figures of 1866as given above.During the year 1870 there was some increase of the direct

indebtednesi of the State by the issue of 7 per cent gold bonds,and a larger amount of contingent liability, by the endorsementof railroad bonds authorized by special acts of the last Legisla-ture. It is somewhat difficult to obtain full and satisfactory infor-

mation in regard to the financial affairs of the State on account ofthe open hostility which prevails between the Treasurer and theGovernor. The report of the former for the year ending Dec. 31,1870, is so manifestly a prejudiced document, as not to be fully

relied upon ; while on the other hand, it is undoubtedly true thatthe Legislature has not been governed by a spirit of economyand has authorized a very large amount of railroad endorsements,although upon terms which may not involve the State to anyconsiderable amount. The facts at the present time seem to bemainly as follows : That only $2,000,000 of bonds have beenissued since January 1, 1870, and those under the act of September15, 1870, which authorized the issue of seven per cent gold bondsfor the payment of bonds due or to become due and for other pur-poses, &c.

;$500,000 of which have been used for retiring other

bonds, thus making the actual increase only $1,500,000. and thetotal debt at present $7,.514,500 ; this is according to the state-

ment of Messrs. Henry Clews & Co., the bankers in New Yorkwho have acted as financial agents of the State and negotiatedthe new bonds. In addition to this amount of direct indebtednessa special act of the Legislature authorizes the State to issue its

own bonds to the extent of $8,000 per mile to the Brunswick andAlbany Railroad in exchange for the second mortgage bonds ofthe road, at the rate of $10,000 per mile, thus leaving the Statea margin of twenty percent on the exchange. The whole amountof this issue, when the road is completed, will bo $1,880,000.

RAILKOAD SHOORSEXRirTB.During the session of 1870 a large number of special acts

were passed, granting the aid of the State, in the shape of endorse-ments, to particular railroads by name, the several roads and theamount of endorsement granted to each, being stated in the Trea-surer's report as follows :

NAXE or lunjiOAD. Avonrr of btatv aiu.Allwnjr and Colurabna Railroad $18,000 per mile.Albany, Mobile and Now OrleaoaBailroad 18,000 doAmcriciiriaudFIorcn^! Bailroad 18,000 doAmerlcus and Ilawkiniivllle Railroad IMOO doAmpricnAnnd TMbpIln RaUroad IS,S0O doAthena and Clayton Railroad leifiOO doAtlanta and Blue Kjdiro Kallroad 15,000 doAtlanta and Lookont Itallroad 16,000 P«^ 8 mtlei.Aopista and Hartwdl Hnilroad 16,000 par mile.Brnnawick and Albany Ballraad .....^...„... 8,000 addiUoaal par all*Camilla and Cuthbcrt Railroad 1S,<'00 per mila,Chatuhoochre Railroad U.00O doColiimbns and Atlanta Alr-XTiicTtalTfBad 1J.000 doDalton and Mornnlon Railroad 1^000 doFori Vallov «nifr!iiwkin«vmff Ilallroad- 14,000 doOoorKia Mwabord and NurUiwaatam Hattroad U,MO doGrand Trunk Railroad AOOO doOrcat Southern Railroad i.'HStO doOfWilfllMMloSUaMiaHMiMwBaAlnad. >...,Mfm doLookontlfOBatalBBailiaad 18,000 do

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'S60 THE CHROJSIOLE. [March 25, 1871.

NAMI or RAILROAD. AMOUNT Or 6TATB AID.

Hacon and Brnnswlck Railroad 3,000 additional per mileMarietta, Canton and Elijay Railway 15,000 per mile.

McDonongh Weetem Railroad 12,000 doMemphis Branch Railroad 16,000 doNewman and Ameri CUB Railroad 15,000 doNorth and Sonth Railroad 12,000 doNorth Oeorcia and North Carolina Railroad 12,000 doOcmnlgee and North Georeia Railroad 15,000 doPolk State Qnarry Railroad 15,000 doSavannah, GrifBn and North Alabama Railroad 18,000 doSoath Georgia and Florida Railroad 12,000 doSt. Mary's and Western Railroad 16,000 do

The followiner endorsements had been previously authorized

:

Brunswick and Albany Railroad J15,000 per mile.Macon and Auausta Railroad 10,000 doGeorgia Air-Line Railroad 12,000 doMacon and Brunswick Railroad 12,000 do

If the full amount of endorsements here authorized were made,and upon the the full length of all roads named, the Treasurerstates the whole amount would be about $30,000,000. The factis, however, that the State aid was granted upon such termsthat only a limited number of the companies have accepted theindorsements ; the financial agents state that many roads to whichState aid is granted have voluntarily surrendered the privilegesince, while the State grants aid only to the extent, in someinstances, of $10,000 to $12,000 per mile, thus restricting the first

mortgage issue, and companies find it to their advantage toincrease the amount of their first mortgage to $20,000 per mile,and surrender the State guarantee to enable them to do so.

In a telegram to Messrs. Clews & Co., dated March 16, theGovernor states that the total railroad endorsements to date amountto $5,923.000 ; of which $400,000 were made bv Governor Jen-kins

; $2,723,000 by Governor Bullock, prior to October 25, 1870,and certified by the Secretary of the Executive Department

;

$1,500,000 by the Treasurer, and $1,300,000 by Governor Bullocksince October 25, 1870, and certified by the Secretary of State. TheGovernor states ;

"All these roads pay their Interest promptly except the Alabama and Chat-tanooga Road—the January interest upon which was paid by the State. Noother roads except those in rapid process of constrnction and nearly com-pleted have made or are likely to make application for State endorsement. Nocompany is authorized under our laws to have State endorsement for more thanone-half the actual cost of the road, and the endorsement cannot be made untilthe road is completed in ten (10) or twenty (20) mile sectipns."

The following law passed in 1870, and approved September30, contains some terms and limitations in regard to railroadendorsements

:

Section 1 The General Assembly enacts as follows ; That from anfl after thepissa^e of this act, that neither his Excellency the Governor, nor any otherofBcer of this State, shall indorse the guaranty of the State upon the bonds ofany railroad to which this or any other Legislature of this State has loanedthe credit of the State, until an amount equal to the amount of bonds forwhich the guaranty or indorsement of the State is applied for, has in goodfaith been first invested, and actually paid in and expended by the owners orstockholders of the road, upon the bonds which the indorsement or guarantyis asked ; and the Governor shall in every case require satisfactory evidencethat such investment has been made.Section 2. Be it further enacted. That in the event any interest that has

accrued upon any bonds of any railroad company, indorsed by the State inpursuance of any law of this State, shall not be paid when said interest becomesdue, it shall be the duty of the Governor, upon information of such default byany person to whom snch interest may be due. to provide in such manner ashe may deem most to the interest of the State for the payment of, and to paysaid interest ; and it shall be his duty to seize and take possession of all theproperty of said railroad company and apply the earnings of the road to theextinguishment of said unpaid interest, and he may at his discretion sell theroad so in default, and its equipments and other property belonging to saidcompany, or any portion thereof, at public sale, in such manner and at suchtime as in his judgment may best subserve the interest of the State.

Sbction 3. Be it further enacted, That all laws and parts of laws militatingagainst this act are hereby repealed.

WESTERN AND ATLANTIC RAILROAD.The Western and Atlantic Railroad, the property of the State,

has been leased to a highly responsible company, with abundantsecurity, for a term of twenty years, at the ratb of $25,000 permonth or $300,000 per year, the road to be returned to the Stateat the end of that period in as good condition as when leased.

REVENUE AND TAXATION.The assessed valuation of all property in the State, exclusive of

corporations, is stated by the Treasurer at $200,000,000, whichwould produce on a tax of 4 mills $800,000, and this with theamount received from poll tax, corporation tax, &c., say $75,000,and $300,000 income from the Western and Atlantic Railroad,would make a total revenue of $1,175,000, out of which $500,000ought to be sufficient to pay the ordinary State Governmentexpenses, leaving $675,000 balance to meet the interest on thedebt, amounting now to about $526,000 annually, exclusive ofany interest on endorsed railroad bonds. The receipts and dis-

bursements of the year ending Dec. 31, 1870, are given by theTreasurer as follows: Receipts, $1,635,767 57; Disbursements,$1,470,031 02 ; Cash on hand, Jan. 1, 1871, to balance, $165,744 65.

CONCLUSION.

The State of Georgia was known previous to the war as theEmpire State of the South, and exceeded all the others in theamount of her manufacturing interest, railroads and the generaldevelopment of her internal resources. The property of the Stateis unquestionably abundant to furnish means for meeting all herpositive liabilities by a reasonably moderate tax, and even shoulddefault be made by railroads whose bonds have been endorsed,the lien which the State holds npon those roads should beadequate when foreclosed to reimburse the State for all advancesmade by her.

DEBT AND FIMNCHS OF VIRGINI.4.

The debt of "Virginia was chiefly contracted for internal improve-ments, and a limited portion of it also for banks. At the close ofthe war the debt amouuted|to^aboat $41,000,000, including iuterest

accrued to that date, against which liabilities, the State held assetsof the nominal value of $22,700,000, a consicerable part of whichamount was in stocks and bonds having practically no value.Previous to the war the financial standing of Virginia was veryhigh and her credit excellent, as her debt, though large, had beenwell managed, and every liability for principal and interest hadbeen faithfully and promptly met.

Since the war the State has also been much more fortunate thanmost of the other Southern States, as her debt has not been in-

creased except by the accumulation of unpaid interest, and a pro-

vision of the State Constitution now prohibits the increase of debtexcept by a law to be submitted to a vote of the people. Onthe first of January, 1871, the debt, according to the Auditor'sreport, amounted to $47,390,839. The assets of the State at thesame time, either available, or which will in all probability beavailable in a few years for the reduction of State debt, amountedto about $13,000,000—assuming that the value of these assets hadnot materially changed since March, 1870, when an official state-

ment of them was made—thus making the actual liabilities of theState on the first of January, 1871, about $34,000,000.

DEBT JANUARY 1, 1871.The total amount of the debt, including interest, on the first

of January 1871, was $47,390,839 96. In this, the stocks andbonds of the State held by the Board of the Literary Fund,amounting to $1,543,669 95, are not included, nor certain Statebonds surrendered by railroad companies in exchange for a likeamount of their stock held by the State, amounting altogether to

about $840,000. The statement is as follows

:

Debts issued under acts prior to the 17thofJApril, 1861 $31,938,144 69Interest due and unpaid thereon 5,312,165 43Debt issued and that may be issued under the act of March the 2d,

1866, authorizing the funding of intereet 7,692.310 38Interest due and unpaid thereon 2,018,208 59Debt on old James River Company stock 95.000 00Interest due and unpaid thereon 19,800 00Debt on James River and Kanawha Company bonds 201,130 97Interest due and unpaid thereon 114,060 97

Amount of principal and Interest on the Ist of January, 1871 $47,390,839 96

ASSETS.The Governor, in his message of March 8, 1870, after reviewing

in detail the various assets held by the State, amounting nominallyto $33,963,276, remarks as follows:

"From this brief review of the assets and securities held bytheState.ltwill be observed that $2,612,776 37 are considered of equal or greater valuethan State bonds at present quotations, consisting of the following items, viz

:

Bonds Alexandria, Loudoun and Hampshire Railroad Comiiany... $50,862 40Bonds Chesapeake and Ohio Railroad Company, with intereet, andincluding use of Blue Ridge Railroad 460,147 24

Bonds of Norfolk and Petersbur Railroad Co., with interest 141,271 82Bonds Orange, Alexandria and Manassas Railroad Company, with

interest 276,207 89Bonds Richmond and Danville Railroad Company, with interest .. 658,987 02Stock Richmond, Fredericksburg and Potomac Railroad Company 275,200 00Amount to be realized from claim vs. Chesaiieake and Ohio CanalCompany, less expenses, and claim vs. Selden, Withers & Co 750,000 00

$2,612,776 37

"It will also be observed that of the assets $10,048,267 91, it is hoped in a fewyears will be equal in value to State bonds, and will be available for the re-

demotion of the State debt, as follows

;

Stock Chesapeake and Ohio Railroad Company $2,013,987 60Stock Norfolk and Petersburg Railroad Company 1,199,970 00Stock Orange, Alexandria and Manassas Railroad Company 874,000 00Stock Richmond and Danville Railroad Company 1,188.598 60Stock Richmond and Petersburg Railroad Company 385,600 00Stock South Side Railroad Company 803,500 OOStock Virginia and Tennessee Railroad Company 2.500,000 00Stock Marietta and Cincinnati Railroad Company 202,611 91

Bonds South Side Railroad Company, Incladlne interest 1,080,000 00

$10,048,267 91Deducting the amount of solvent assets which are immediately available for

the redemption of the State debt, viz : $2,612,776 37. together with those whichit is hoped and believed will become available for that purpose in a few years,viz: $10,048,267 HI, from the gross amount of assets first above mentioned,leaves a balance of $21,302,233 62, which is not now and probably never will

become of much value to the State. But, in addition to this large amount, theState has lost, abandoned, or surrendered and released $9,739,092 88, which,added to the amount above stated as comparatively value less,makes the enor-mous sum of $31,011,326 50, or nearly the amount of the old State debt."

Subsequent events have been such as to confirm the views hereexpressed, and it seems probable from the action recently taken byseveral prominentrailroad companies for the purchase of their

stock held by the State and the payment for the same in Virginia

bonds at par, that the amount liltimately realized from the assets

above named will fully equal the sum estimated by the Governor,

viz.: $12,661,043.

SETTLEMENT WITH WEST VIRGINIA.

The State of West Virginia has never yet assumed any portion

of the debt of the old State, although her conatitution provides

that an adjustment of the same should be made. We understand

that CommissionerB have now been appointed by both States andit is to be hoped that an amicable settlement will be made of the

question in controversy between them. Should the Commissioners

ultimately fail to agree, resort may be had to the Supreme Court

of the United States.

FUNDING THE DEBT AND PAYMENT OF INTEREST.Governor Walker has repeatedly urged upon'the Legislature the

necessity of^unding the whole debt and commencing the paymentof interest at the earliest day practicable. In accordiance with

his suggestions a funding bill has been introduced and is nowpending in the Virginia Legislature which will probably be passed

at the present session. The general provisions of this bill are

:

1. That the holders of all bonds, stocks, &c., of the State, except

the five per cent, dollar bonds and what are known as sterling

bonds, may fund two-thirds of the amount of the same, together

with two-thirds of the interest due or to become due to July 1,

1871, in six per cent, coupon, or registered bonds payable thirty

four years after date, or at the pleasure of the SlAte after ten

Page 9: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

Maroh 25, 1871.] tHB CHRONIC1.E. 8^1

years, tho Interest to bo paid Reml-annuallj, tho flr8t coupon Janu-' a,Tj 1, 1872. The Are per com. dollar b')nilH inny bu (uuduil in a

like nisnnpr Imt to bear only five per cent, latorost. 2. That for

the rt'inninlni; ono-tbird of the debt a certiticate of Indebtedneaa

thall bu lasuud, bt^ariuff lutoroat, and when a eeltleinont of tho debt

hall be maJo with West Virginia, all these crrtlflcatea not

•wnmed by the latter, shall be exchanged for bondi of Virginia

of the same tenor aa tboeo above mentioned, and the intereat doeto that dale aball be paid In cash. It is thought by those beat

Informed on the suttJeot that this bill as hero given, or with tomemodiScationa, will become a law at the present leasiou.

RBTXKUB VALUATION AMD TAXATION.

The Auditor of the State has prepared a statement showing the

value of real and personal property subject to tnxation in the State,

the eatimated amount that will bu rai8t.-d by taxation from licenses

and all other sources, upon the basis of the Tax Bill of 1870,together with an estimate of the amount that will be requiredfor the support of the (iovernmont for the next fiscal year, andthe amount that will bo required to pay tliu iuturrat on the publicdebt for one year, from,which we make the following extracts

:

Vatie of real eaute, founded on the recent utawment, withistlmaMa for the countlea of Qoochlaod, Uadlaou, Northum-berland and Roanoke, from which there bare been no retuma.fS,0a3,366 8S

Tslaa of peraouol property 8S,887,flOO 00

Baali of uzaUou for 1871 {361,410,960 1

LooUne to prompt pajrmenta br the ooUecton of the taxea of1871, mure will bo received Into the treaeory within the flacalycM endiug September 30, 1371, from all toorcea tl>''M,^ "0

Amount remaining In the treaaorr on October 1, 187U 180,661 83

_ Total $1,857,14888itimatad expenaea of the Qorenunent for flacsl year ending Sep-

tember 30, 1871 .' l.SS2,000 00

_ .Total $686,148 83Katimated receipts from taxea on lands and property for 1871, aa-aomed at 80c. on the $100 863,987 00

Katimated balance In the ireaanry for State porpoaea on October1, 1871, anbject to aach additional appropriations, aahare beenor may be made by the Le^alatnre at Ita preaent aesalon $1,478, 185 83

After adding to and deducting from this amount, the amountsthat will be probably received and dlabnrsed during the flrst?aarter of the llscal year, commencing on the drat of October,871, the approximate eatlmate of the baUuce which will be

In the treaeury on the flrat day of January, 1874, aubject tothe warrant of tho Auditor of Public Accounts, la 1,548,881 83

If resumption of interest payment should be commenced Jan-nary 1, 1872, for the six months preceding, the cojpons then duewould amount to about f1,400,000.

BBCEIFTB AHD DI8BUR8EMENT8 FOR LAST TEAK.

The receipts and disbursements iu tho fiscal year ending Sep-tember 30, 1870, were: Receipts, $1,6S0,043; Disbursements,$1,504,931. These receipts were still under tho old valuation andlaws, and the effect of the new system of taxation put in forceat the last session can not here be seen. The new assessmentof real property has only recently been completed.

OOKCLUBION.

From this review of the State finances, it would appear thatthere is no Southern State in which the prospect of an ultimatesettlemeut of all liabilities, both principal and interest, is betterthan in Virginia.

An illustrious exception, compared with other States, is seenhere, in regard to the non-increase of debt since he war, a featurewhich will inspire great confidence in her creditors that the spirit

of the legislature and people is one of integrity, and that theyintend to pay us soon as a better organization of their Governmentwill enable them to collect the required revenue.

CHANGES in THE REi!KE31l,\G JliENTS OP NiTIO«AL BA\Ky.

The following are the changes it> the Redec-inin;; Agpnts nf NMinn;!Banks since the 16th of March, 1671. These weekly changes arefurnished by, and published iu accorlancn with nn arrangement manewith the Ojinplroller of t'le Currency.

LOOaTIOH.

Indiana—ludUnapoUa

Kantncky—Lexington

.

Conuectlcut-aockviUe.

.

lUlnols—VandalU.

NAja or BAKI. aBDBxaiHa aoemt.

The Merchanta' Na- TheNational Park Bank of New York,tlonal Bank i approved In addition to the Her-

chanta' National Bank of Cincinnati,Ohio.

The First National Bank of Olncl nnati,Ohio, approved In addition to theImportera' and Traders' NationalBank of New York.

The Ninth National Bank of the City

The Fayette Nat'Bank.

The First NationalBank.

[The Farmers' and.1 Merchnnla' Nat'li

IBank

of New York, approved In place ofthe Natlon'l ParkBank of New York.

The Ocean National Bank of NewYork and the Manufacturers' Nat'lBank of Chicago, approved.

New National Bnnks.,

The following are the only national banks organized during theweek:The FIrat National Bank of Paris, Mo. David U. Mosa, Prealdent; John

S. Convers, Cashier. .Vnthorlzcd capita], $100,000; paid In capital, $50,000.Authorized to commence baaineaa Mvch 90, 1871.The National Bank of Chester, 8. C. John J. McLnre, Prealdent; J. t.

Harria, Caahler. Authorized capital. $50,000; paid In caplul, $50,000. Au-thorized to commcucc business March &, 1871.

No— "- • - nf Coiujreaa approved February IS, 1S71. the Farmers' NationalDank .vard, S. Y., was authorized to rhange its loration to NorthUrn:. , :iudlu title to The North QranvlUe Natioual Bank, N. Y..and u t.(Tiiuiiit'- that the changes contemplated bv the law have been effectedwa« laaaed from this office nnder date of the list lust

llik I'KS UV KVi)HXN«*S~>mi<».VUON, AMV VM CWMfOHj&n««ak iw m a^^r.^ ipiFi^a AT bATKMT DATBS.BXCHAHns AT LONOON-

UABCd 10. ncBANGt on LORtOI*.

0«— Timi.

Amatardam . .

.

short.Antwerp 3 months.Uambnrg .... '•

Paris ..." 1*

ParU ibort.ViennaBorlln

8 months.•*

Piankfort ...**

Ht. Petersbnrs "

OadlaLisbon Wdayi.Milan 8 months.ttenoa **

Naples '*

Now York.... .m.

-•

Havana »node Janeiro -•

Babla ^Valparaiso.... .-

Pemambaco.. ^SingaporeHong Kong...

MMaya.

OeylonBombayMadras *'

OalcntU II

Bjdnev 90 days.

4(.6<f.

U.M.to. e dU.U. lvH<t

H P- c. die.

LATasTDATS.

Mcb. 10.

Meb.T.

Mch. 10.

Feb. 4.

Feb. >.

WbTll.

FeVM.

Mch. 4.

M.T. 4.

J-n. 9.

short.

I mof•

short.Smof.

60 days.

Wdayi

6moa.

80 days.

II W1S.8M

19S.'ID

«.9!1»<

1I8X61*

lOkX

t8Me«»

U. iSid.

u. nT-\M.

U. Il>i8-!«<l.

IX p. *• I'rem.

[From oar own correspondent.]

London, Saturday, March 11.

There has been an interesting debate in the House of Commonsthat met on the question of the National Debt. It was brought

on by Mr. Candlish, the member for Sunderland, by calling atten

tion to the expediency of making early provision in the estimates

for reducing the debt annually not less than £10,000,000. During

the last 40 years he argued, we have literally done nothing in

the way of paying off the debt. On the accession of William the

Fourth in 1830, it amounted to £784,000,000 ; on the accession of

the preaent sovereign, to £787,000,000, and it was now £801.000,000.

Between 1832 and 1868, the debt had apparently been increased by

£27,000,000, but if the discharge of certain terminable annuities

were taken into accoimt, the debt would be about the same as it

was 36 years ago. It was further contended that we were able to

carry out what our fathers had accomplished. Between 1816 and

1820, our fathers paid for interest £81,500,000 and as principal

£5,100,000—making a total of £36,600,000. Between 1820 and

1830 the average annual payment was £29,440,000 as interest and

£4,800,000 as priacipal—making a total of £33,740,000 per annum.

Yet in 1870 we only paid for interest and on account of termin-

able annuities £27,000,000 and as principal £4,000,000. Now, while

we had been thus diminishing our payments on account of the

National Debt, the population of the country had been increasing.

Our population was 18,000,000 in 1811, 21,000,000 in 1821, 24,000.-

000 in 1831, 27,000,000 in 1841, 29,000,000 in 1861, and last year It

was estimated at 30,830,000. During all this period the wealth of

the nation had likewise gone on increasing. According to ee-

timates made by Professor Levi the wealth of the country in 1811

was £3,100,000,000, or £118 per head of the population ; in 1841,

£4,000,000,000, or £150 per head ; in 1861, £6,000,000,000, or £206

per head ; and in 1870, £7,000,000,000, or £230 per head. With

increase of capital we had become richer relatively to our debt

and it had become less relatively to our means. In 1801 our debt

was 26 per cent, of our capital; in 1841 it was 19 percent.; in

1861, 13i per cent. ; and now, our capital being 7,000 millions and

our debt 800 millions, it was only 11 per cent, of our capital. Re-

latively to the population our debt in 1821 was £39 10s. per head;

in 1831, £33 lOs. ; in 1870, £.J5 lOs. As our property had In-

creased our annual income had increased from £14 7s. per head In

1801 to £23 per head in 1870 ; and now our total income in one

year was very nearly equal to our National Debt. Of course, as

we had got richer we had been living better ; and this was shown

by the increased consumption per head of sugar, tea, tobacco and

wine, which might be regarded as luxtiries rather than necer

saries. Simultaneously, we bad been diminishing onr contribu-

tions to the National debt. For Interest alone we paid per head,

in 1831, 29b.; in 1831, 33s.: and in 1870, 17s. 6d. While the

amount of interest paid liad been diminishing, and while our

means had been increasing, we had been reducing taxation, which

was from 1811 to 1821, £8 14s. per head, and in 1870 £i 6<. p«head, being now, he believed, under £2 per head. The propar.

tions of annual income which we paid for intereat had been, in

1801, 8S per cent ; in 1841, »i per cent, and in 1870, 8.8a per cent.

Five per cent of our income, or U per cent less than we paid for

I

intereat alone in 1841, would realize £84.000.000 a year, and that

i would be sufficient to pay oflf the debt In forty yeaza.

Page 10: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

362 THE CHRONICLE. [March 25, 1871.

This proposal was seconded by Sir Jolin Lubbock, who observed

that moBt European nations had immensely increased their debts

during the last fifty years. Thus, North Germany in 1815 owed

£100,000.000, in 1870, £150,000,000 ;France in 1815 owed £70,000,-

000, in 1870, £518,000,000; Austria in 1815 owed £99,000,000, in

1870, £300,000,000; Russia in 1815 owed £80,000,000, in 1870,

£300,000,000 ; Spain in 1815 owed £100,000,000, in 1870, 325,000,-

000 ; Italy in 1815 owed £50.000,000, in 1870, £257,000,000, and

the United States in 1815 owed £35,000,000, and in 1870 £477,000,-

000 ; making a total of £524,000,000 in 1815 and £2,237,000,000 in

1870 ; and if they included other countries the grand total,

according to Mr. Dudley Baxter, was no less than £3,845,000,000

in 1870, against £1,530,000,000 in 1815, showing an increase of no

less than £3,300,000,000, of which the great part had been incurred

during the last twenty years. He was in favor of insolated taxa-

tion, and argued that a wealthy country like this ought not to be

satisfied with accidental surpluses for the redjiction of its debt.

Several other members addressed the House, when the Chancellor

of the Exchequer rose and said if he ventured to criticise the

speech of the lionorable member for Sunderland, he should say

that he felt more certain of the general conclusion at which he

arrived than he did of many of the premisses by which he sup-

ported it, for he did not place the most implicit confidence in all

those estimates by which he calculated to a million the income

and property of the country. He disputed some of the figures

and estimates which had been furnished to the House. Heventured to point out that the time of the peace (1815) our debt,

instead of being £800,000,000 was nearly £900,000,000. Since that

time we have added £80,000.000 to it—£30,000,008 for the emancipa-

tion of the slaves, £30,000,000 for the Crimean war, £10,000,000 for

the Irish loan, and £19,000,000 for the Abyssinian war. The funded

debt is now £738,000,000, and the unfunded £4,000,000. The ter-

minable annuities, estimated at 11 years' purchase, amount to £50,-

000,000, making a total of £793,000,000. It follows, therefore,

that since the close of the war, and adding the £80,000,000 referred

to, the debt has been reduced from £980,000,000 to £793,000,000,

or to the extent of nearly £200,000,000. It is not fair, therefore,

to accuse those who have gone before us of having done nothing

for the reduction of the debt. In the course of this financial year

also we have paid off nearly £6,000,000. Mr. Lowe, however,

agreed with Mr. Candlish and Sir John Lubbock on the expe-

diency of reducing the debt, but when the hon. member for Sun-

derland stated that it was the duty of the Government to place

£10,000,000 a year on the estimates for that purpose, he stopped

short of the difficult task of demonstrating how that amount was

to be raised. Nor was he much moved by the example of Amer.

ica. It was certainly not .the duty of the Finance Minister of this

country to indulge in criticisms on the finance of pur neighbors,

but he ventured to submit to those who are struck with the bold-

ness and vigor of American finances that it may be a question

whether it would not have been wiser for the Americans first to

restore the metallic basis, and then endeavor to lower the interest

on the debt. Mr. Lowe concluded by observing that

My hon. friend said, also, wc lost the opportunity—if I understood him—ofBhowlng that energy that would be displayed by having a Parliamentary fightover the question every session. That, sir, is quite true ; but I am quite surethat he is too good a political economist not to know that energy is not a goodthing in itself, but only good when you cannot get a good thing without it

Bo, my hon. friend the member for Sunderland also thought we might lose themoral effect of a great effort and noble spectacle in paying off all our debtsNo doubt it is a very fine thing to give a great moral spectacle. When peopleget into distress and misery they nave the opportunity of showing a greatmoral spectacle, and the results no doubt are great. But, for my own part. Iprefer giving no such spectacle, simply because the calamities wnich give theopportunity of developing those high qualities "lo not exist. I shall continueto think we do not unwisely by paying off our debt in a moderate way by ter-minable annuities. The truth is, that of all economical and financial authori-ties the worst are those who, ignoring the existence of any alternative, striveto make out a splendid case for themselves ; but it appears to me that the rightmanagement of financial affairs consists not in this adoption of a certain ar-ticular theory or view, but of that sort of tolerant moderation that tries toaccommodate them all, carrying none to any excess or violent extremes I amtherefore, in moderation, for the reduction of taxes ; I am, in moderation forthe reduction of debt. The problem of the reduction of debt is really ttiis—how to get into the hands of the Grovernment a large quantity of stock whichthey can cancel and pay off. That may be done in various ways and if mvhon. friend the member for Sunderland content with the discussion he hasraised, will give me his confidence for about six weeks longer, I will undertaketo show him, when the proper time arrives, that I have had the opportunity of

" ng some slight impression on the debt of the country.

The prospectus of the United States loan has been advertised

this week. Messrs. Baring Brothers, Clews, Habicht & Co., JayCooke, McCulloch & Co., J. S. Morgan & Co., Morton, Rose & Co.and Messrs. Rothschild, are authorized to receive subscriptions!The introduction of this loan is considered to be quite premature.The quotation is li to IJ discount.

Messrs. Rothschild & Son have introduced this week the newRussian loan of £12,000,000. The price of issue is 81i, and thebonds wUl bear interest at the rate of 5 per cent per annum.Th«re has been a great deal of excitement in the Stock Exchange

in connection with this loan, and the first operation on the ap-

pearance of it was a wholesale destruction of the prospectuses.

Any attempt to deal in the scrip proved fruitless, and so greatly

was the loan discouraged that the impression became general that

that it would be withdrawn. The contractors, however, have not

adopted that course, and it is now probable that the subscription

list will remain open until the date fixed in the prospectus. Thecank of all this indigestion is traceable, as a matter of course,

to the act of Russia in withdrawing from an important clause in

the Treaty of Paris, without submitting the grievance under

which she alleged she suffered to the co-signataries. The loan,

however, is offered at the principal German markets, and will, in

all probabihty, be fully subscribed.

The money market has been quieter, and the rates of discount

are somewhat easier. Both for short and long, dated bills, the

quotations are rather lower. The following are the present rates

of money

:

1870. 1871.Per cent. Per cent.

Bankmtnimnm.... 3 ®... 3 @ ..

Open-market rates:Si) and 60 days' bills 2Ji@3 2Ji@. .

.

Smontbs bills 3 @3<< 3 ®...

1870. 1871.Per oent. Per cent.

4 months' ba'k bills 3 (a3i< 8 asx6 months' ba'k bills Sii(^3'i 8Jia44 and 6 trade bills .. SJi1^4)^ 4 <^i}4

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

count houses for depesits are as under

:

1370, 1671

.

Joint stock banks S 9Disonnt houses at call 2 SDiscount honses with 7 days' notice i)^ lj[<

Discount houses with 14 days' notice iH 2XAnnexed is a return showing the present position of the Bank of

England, tbe bank rate of discount, the price of consols, the aver-

age quotation for English wheat, the price of middling upland

cotton, and of No. 40 mnle yarn, fair second quality, comparedwith the four previous years

:

1867. 1868.£ £

Clrcnlatlon, includingbank post bills 22,551,793 23.671,613

Pablicdeposits 8,2:17,911 4.856 132Other deposits . . . . 16,789,161 20,326,190Government securities 18,111,(168 13,268,079

' ' ' 17,572,261

1869.£

1870.£

1871.£

28,636.6096.490,959

18,4211,337

14,076.63719,6i8,033

23,710,67310,! 07,69916.78i,45?13,83!,3I4

19,048,672

23,SS2,U910.011 44221.569.80312.h23,416

23,983,744

Op.m'kt—

,

1870. 1871.,-B'krate-, /-Op.

1870.

m'kl-1870. 1871. 1871

2 — Braseels,. 2« 4 2« 3V5 5 Madrid.... 6 6 S RSX 8M Hamburg. — — 3 3«iX 2Ji St. Peters-4>< 36 6

burg 6 8 4« 7

Other securities 18,li04,404

Reserve of notes andcoin 12,206,720 13,004,515 0,857,019 12,787,074 13,6!8.S87

Coin and OUllion 19,256,235 21,179,530 18,061,934 20,036,619 21,7-,0 867Bankrate 3p. c, 2 p.c. Sp.c. 8 p. c. 8 p. c.Consols 91)i M>i »27i 92% BIJ,'

Price of wheat 69a. 3d. 738. 8d. 498. 4d. 41b. Od. 538. 9d.Mid. Upland cotton... 13?id. 10)id. IJd. lid. •? 7-I6d.No 40 mnle varn Is. 6Xd. 1. 2Xd. is. S>id. Is. 8«d. «l8. «d.Price March 2.

The following are the rates of discount at the leading Conti-

nental cities. An increase of ease is indicated, more especially as

regards the German markets

:

,—B'krate-^ ,

1870. 1871.&tParlB in 6

Vienna.... 5 6Berlin 4 4Frankfort. ZH 3Amst'd'm. 4 3XTurin ... 5 6

There has been rather a better demand for foreign bills of

exchange. As regards the bullion market, there are no important

features of interest to notice. Annexed are the quotations

:

eoLs

Bar Gold per oz. standard.do fine dodo Reflnable do

Spanish Doubloons peroz.South American Doubloons ... doUnited titates gold coin do

8ILV2B.

r oz. standardstandard ._ _

no price. @— —4 ia% ®— -.

The stock markets have been rather unsettled, but at the close

of the week rather a firmer tone is apparent. The following table

shows the highest and lowest prices of consols and the principal

Amej lean securities on each day of the week :

Bar Silver, Fine per oz. standarddo do containing 5 grs. gold peroz. standard

Pine Cake Silver peroz.Mexican Dollars per cz Uat price.

8. d. 8, p.77 9 ©77 ««77 9 @—77 11 @78

®74

—78 878 8 ©76 ^a

n. d. B. i.6 OS ®5 OJi5 UJi 416 ««

Monday. Tuesday. Wed'ay.l Thu'ay I Friday. Sat'day

Consolsn. 8. 6-20' 8, 1882.0. 8. 6-208, 18*4.U.S. 6-208, 1885..U. S. 6-208, 1887.

.

U. 8. 10-408. 1904....

I

Atlantic &Q'tWest.iconsol'd mort.b'ds

Rrie Shares (»100)..lillnoie shares ($100)

92 -92%10 -9i

91Ji-92 1

90X-«l>i|8»>i-«9Ji|

80 -30

X

19 -19}<1109} -1091

9174-92X.. -90)4

91K-91J<90«-9189K-S9K

93 -ma90 -9J

91Ji-92-91

89X-89>i

91J<SO .

91

X

9()>S

SSX

80 -SOX 29;^-30)i S9>tf

!l85i-19« 1SX-18>J ^X10»t-109i| 1091 - .... lO?'}

92X91}i-!I2 90 -

9V/i<iUi-9'.!J4|i'0«-

88Jil8-iJ,'.

•soxiaox-ISJd 18109|liOR{.

9J 915«-91X92 90 -93

91Ji Wi-9\%

»8Xl»8.H-83«

30h|»K-80«•l''.«il8,T,-18J<- lIumo-lloK

The cotton trade is dull, and prices have further declined. Themarket for cotton yarn and cotton goods is also heavy.

The trade for wheat and other cereals is very quiet, but cattle-

feeding stuffs are firm in value.

The following figures show the imports and exports of

cereal produce into aadfrom the United Kingdom during lant w«ek.

Page 11: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

If Maroh 25, 1871.] THE CHRONICLE. 863

and tinoe the oommeacement of the wmod, compared Tvlth the

•onetpondlng periods In 1869-70

:

ITbMtBvl*7OaUPwiBmosIndian corn,rioot

, ifm'10. .

Imporlt. KxpnrtiTU,«M 4,(M3

in,BW to4,ao8 i.mU8 Mi

n0,491 l,Utl

60,817 843

voB *u wuu Dma vavob 4.

. 1870'U. .

Import •. Export!,ewt. waiso ati,4a4

tS,MT 878880 70,M8

lB,in4 1,87817,007 88701,118 11,88088,8*1 101,»<J7

inioi TOB ooanHciMCRT or thi •suoh (ads. 18).WhMt owt. 1«,UM,IU7 1486,858 84,381.880 181,761Barley 4,188,«14 8^6S6 4.881,179 11,86SUaU 6,108,1187 670.061 8,641,641 46,M4Pwu 407,488 88,488 788.180 8,7U0

i^aaa 868,147 6,816 886,171 1,170Indlancom 8,818,681 84,758 11.09e,7« 18,857Honr a,886,Sl» 1164.406 8,688,186 lO.lflO

For the corresponding periods In 1868-'69 the flgoreswere as

under

:

For the

W»>««t ewt. 464,496Barter 8(8,606OaU 88,466Pea» 6,786Beuia 61,801Indian Com 868,746Floor 51,186

Importa.-BlnceSept 1.

15,616,0466,688,6868,888,888780,841

1.68,0087,406,8888,180,836

The following figaree show the exports of British and Irish pro-

duce and manufacture from the United Kingdom to the UnitedStotes in 1868, 1869 and 1870:

^Rxporta.-——

N

For the Sinceweek. Sept. 1.

8 1&,G868,668 74,787

8,880 66,867818 6,684486 8,783180 64888 80,060

1868. 1869. 1870.1,589,917 1,900,880

81,198 89,60086,891 106,494

108,095,186 106,797,7958,023,720 8,116,869110,878 99,616

£764,806 £9S9,78U

AlkaU-Soda ewt. 1,578,069Beerandalo bbls. 19,374Coala tone. 10^481Cotton MAKrTAoruBze—Cotton piece gooda jrarda. 75,873,803

Cotton yams lb». 1,733,886Strthenware and porcelain pkg». 90,958Haberdaahery and HlUlnery valaeg. £711,918HABDWARI A»D CCTLIBT—Knlvee, forkg. Ac values, 167,884 186,650 814,548Anvils, Trees, 4c valaes. 89,768 96,769 108,662

Mannfactores of Gennsn silver.. values. 380,383 466,401 469,898UNIN MaNUTACTUBES—Plecegoods yards. 85,155,.30» 106,994,W5 109,910,389Thread...-. lbs. 1,867,742 1,318,695 1,880,293

I«»^plg tons. 86,204 138,485 112,960do oar, ^fcc tons. 44,044 54,660 50.536do railroad tone. 268.000 899,196 481,788do castings tons. 1,379 1,962 868do hoop^ Bh't8£boU'rplates.tons. 18,440 88,846 89,818do wrought tons. 4,9j8 8,611 8,619

Steel, unwrought tons. 17,807 16,676 17,776Copper, wrought ewt. 2,767 8,186 8,880I*ad. pig, *c tons. 6,884 5,568 10,971Tin plate* ewt. 1,880,909 1,478,446 1,607,453

Oil,(8o«d> mis. 188,386 78,683 66,957Salt Jons. 155,266 214,838 147,208Sox MAHCFACrrRBS—Broad piece goods yards. 358,986 382,683 702,128Handkerchiefs, scarfs, shawls, &c.doz. 1,472 3,918 6,(i37

Ribbons, of slUc only... lbs. 10,540 7,168 13,392Other articles of silk only values. £112,813 £76,670 £85,621Silk manuft's mixed with other mat'ls. 83,545 97,418 167,887

SplriU (British) gilg. 135,786 138,997 128,102Wool lbs. 869,308 8,683,000 8,498,860WOOLK» AMD WOBSTZS MaKIWAOTURES—Woolencloth yards. 2,489.601 2,7M,898

Barley rOanadUn)....«biuh 40 40 40 40 40 40Oatt(Am.*Can.)....V4Bft 84 84 84 84 84 84PeaafOuadUn) V^HMS 41 6 41 6 41 6 41 6 41 6 41 6

LiMrpod ProvMon* Market.—Vi\oi» for both Beef and Porkhave declined, and doM weak at the lower prlcet. Bacon is

firmer. Cheese lower.

Sat. Hon. Tnas. Wad. Thur. Frl.ad. a. d. a. d. a. d. ad. s. d.

Beef(ex.pr.me*a)..V804» 116 116 6 116 116 114 114Pork(Eln.pr.mea«)..«bbl 800 876 880 836 800 100Bacon •Il81> 480 480 480 «I6 476 «T6Lard (American).... " 688 680 806 586 660 tft %Che**e(flne) " 780 71 700 700 700 TOO

Liverpool Produce Market.—The market closes with lowar

prices for Petroleum and Rosin.

Sat. Hon. Toes. Wed. Thnr. Frl.s. d. a. d. a. d. a. d. a. d. a. d.

Bosln(cotn.WUin.)..V113lb 69 68 68 66 68 66" (flnepale) " 15 8 16 8 16 9 16 9 15 8 16 9

Petroleum (atd white)..9 8 lb 1 4^ 1 4M \ i)i \ m 1 4X 1 4M(splriU) " 11 11 11 11 II fl

TallowCAmerican)...VllSI> 44 440 440 440 440 440:: Londcn Prodrnx and Oil Market*.—Linseed oil is quoted a

little oS at the cloee, and Calcutta seed is also lower.

Sat. Mon. Tuea. Wed. Thur. Fri.£ a.d. £ B.d. £ s.d. £ a. d.- £ s. d. £ a d.

LinsMc'ko(obl).«tn 10 13 10 13 10 13 10 15 10 16 10 16Linseed (Calcutta).... 636 640 640 640 689 889Sugar(No.l8I)chstd)C 1131b 85 10 85 10 85 10 8S 10 86 10 85 10

Spermoll 84 008400840084008400 8400WhaleoU 86 003600860086008600 8800Linseed oil V ton 33 508300330083 15 038 10 SlOO

3,694,547V436,323142,963

Carpet and druggets ysrda. 3,429,540 6,334,661 5'436,323Shawls, rugs, £c. No. 103,350 66,340

~

Worsted stuffs of wool only and ofwool mixed with other material 69,608,636 66,252,879 68,759,811

The declared value of the above exports was as follows :

„ ^ 1868. 18fi9. 1870.Ports on the AUanUc, northern £19,518,860 £21,703,605 £24,867,384„ do do southern;...' 1.176,888 2,014,440 2,854,959Forts on the Pacific 740,884 906,366 612,291

Total £24,431,6^ £24,624,311 £28,334.634

Engllsli market Beporta—Per Cable.

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

pool for the past week have been reported by submarine telegraph,

aa shown in the following summary

:

London Money and Stock Market.—The market closes quietfor American securities, with prices steady. Atlantic and OreatWestern retain the advance noted last week.

Sat Hon. Tne*. Wed889*H88

91X90X89XllOXiSH36

Coniols for money 98K" account 9<XV. a. 68 (6-80S, 1863. 93M" '• old, 1866 9l2" " 1867 90>J

U.8.10-«0« 89minola Central shares. . . IIOKKrie Railway Shares 18k:AtlantlcAQ.W. (con's). 36

93X8891V90289«m>i1885

9SK83X9891«90X

35

Thur.93

93K81«91X

i2«llOitf

1835

Fri.9SX«X939lfi

90X

110>i1835

The daily closing quotations for United States 6s (1863) at

Frankfort were

:

PnuJtfort 96X 96X 96X -•. 96XLiverpool Cotton Market.—See special report of cotton.

Liverpool Breadttujfi Market.—There has been more firmnessfor red Western Wheat, but prices generally are steady at formerquotations.

Sat Uon. Tuea.-, s. d. s. d. s. d.Fl0UT(Weat«m) ^^ bbl 87 9 87 9 87 8Wheat (No. 3 Mil. Red)..Vctl 10 9 10 8 10 8

•' (RedWlntor). 11 7 11 11 6" (Califomla White).... 11 11 11 II is

Oom(W.m'd)...V4Wftu'Wl9 » W 8 WO

Wed. Thur. Fri.a. d. s. d. s. d.37 9 37 9 37 910 9 10 9 10 1011 U 1111 11 6 11 6N M <4 t

COMMERCIAL AfiD M18CELLA1NEUUS MEW^.

Imports aiid Exports for the Week.—The Imports this

week show an increase in dry goods, and a considerable decrease In

general merchandise. The total imports amount to 7,383,892

this week, against $8,309,446 last week, and $9,845,436 the pre-

vious week. The exports are $5,183,187 this week, against

$6,264,335 last week, and $4,469,192 the previous week. Theexports of cotton the past week were 35,931 bales, against 15,.

659 bales last week. The following are the imports at New Yorkfor week ending (for dry goods) March 17, and for the week end-

ing (for general merchandise) March 18.

rOBEIOK DCroBTS AT NBW TORK FOB THX WBKK.1868.

Dry goods $1,668,530

Genraal merchandise... 6,007,667

Total for the week.

.

Previously reported. . .

.

f7,676,1173,753,908

$3,619,0463,627,361

$6,346,40766,686,909

1870.

$1,739,8348,199 469

$4,!

66,:283,904

1871.

$3,388,4508,99^4a

$7,388,89170,834,680

Since Jan. 1 $50,830,035 $61,883,316 $61,313,856 $77,618,588

In our report of the dry goods trade wUl be found the imports ofdry goods lor one week later.

The following is a statement of the exports (exclusive of specie)from the port of New York to foreign jwrts, for the week endingMarch 21

:

"

EXFOBTI TBOX mew TOBK rOB TBI WZXK.1868. 1869. 1870.

For the week $1,946,378 $3,440,130 $4,319,636Previously reported.... 36,530,130 81,677,637 38,606,799

1871.$8,138^18760,890,848

Since Jan. 1 $38,466,498 $34,017,757 $37,^8,335 $55,514,080

The following will show the exports of specie from the port ofNew York for the week ending March 18, 1871

:

Spanishgold $34,998*--'--" 80,319

110,00076,876

6009<0

80.000

75,00011,00014,7(0

188,880

March 13—Brig MorningLight, Arroyo-

Spanish gold $6,100American gold.... 10,000American stiver... 6,000

March 14—Str. Westphalia,London—

<3old bullion 61,400March 14—Brig Margaret,

Ponce

American gold 80,000March 14—Schr. Rlcardo Bar-

ros, Matanzas

Spanish gold .... 8,603

March 16—Str. China, Liver-pool-

American gold ... . 600,000Silver bars 301,767GoldBars 43,015

March 15—Steamstiip Uansa,Southampton-

American gold .... 130,000

March 15—Sehr. Keokuk,Arroyo

TotaHor the week. $1,998,617Previously reported 9,868,880

Total since Jan. 1, 1871 „ $11,867,4(7Same time in Same tline In1870 $6,257,971 1867 6,981.8611869 7,258,533 1886 6,194,6071868 13,893,2231 1865 4,888,088The imports of specie at tills port dtiring the past week have

been as follows

:

March 13—Schr. Charles H. I Gold MOOThompaoo, Lara— March 16—Str. Henry Chami-

Silver $1,600 cey, AsplnwaU-March 15-Sir. Morro Castle, Silver 8,680

IlAvano— I

American silver..March 16—Str. Aleppo, Liv-

erpool

American gold....Gold bars

March 16—Str. Missouri,Havana

American silver...Spsaish gold

March 16—Brig Ynes, Mara-calbo—

American goldMarch IS—Str. Deutschland,

Southampton-American goldGold barsSilver BarsForeign silver

March 18—Str. City of Brus-sels, Liverpool-

Foreign gold. 84,818American gold.... 75,000SUverbars 188,631

Total for the week $10,680Previously reported 8,710,978

Total since January 1, 1871 $8,781,e0<Same time In I Same tint* la1870 , $8,840,006 1868 tkUlLSItieo» : i,4ii.7»ritt«7 ::...:...:::::n35S«

Page 12: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

364 rtrfe cjtiRoNiOLii. tMarch 26, 1871.

St. Paul and Sionx City.—The business during 1870. was ;

Gross earnings $361,842 67

Qro»» expeuios 197,721 83

Netoarnings $170,221 34OMtof repairs 88,805 56

Til 8 lands deeded to this Company for constructed road 697,"

704 87 100 acres. A large part is remote from settlements, andcontiguous to United Stites land. In 1870 the Company offered to

sell at $2 75 per acre. There have been sold to date 97,494.99

acres, at an average of $5 67 per acre.

Received for sales $562,926 SOPaid down 173,017 91Credit from 1 to 7 years at 7 per cent 379,907 81

Received on installments since sales 73,734 82Expenses of Land Department 63,821 40

All net receipts from lands have been expended in construction-

Nortbern racIflc.-The Northern Pacific Railroad bridgeacross the Mississippi River at Brainerd, Minn., is finished and thefirst passenjiier train, containing officers of the road, passed overthe structure. This completes the Northern Pacific 113 miles westfrom Lake Superior. The grade is finished nearly to Red River,

150 miles turther, and at the present rate of progress, trains will

run to Red River before September next.

Sale of the lOorrlti Canal.—Trenton, March 31.—The MorrisCanal Company has leased its works and franchises to the LehighValley Railroad Company for a term ol 999 years, at a rate of 10per cent, to the preferred and 4 to the common stockholders.A committee was appointed to complete the negotiations, and

prepare a lease to be submitted to tl-.e stockholders at their meetingon April 2.

—A special meeting of the stockholders of the New York andHarlem Railroad Company, for the purpose of acting upon theproposed increase of the capital stock, by the amount of $3,000,000,will be held at their office in this city, on April 11th, next.

Vnlon Pacific Iiand Bondn.—The action of Congress in re-

voking the decision of the Secretary of the Treasury in referenceto withholding one-half of the Government bills for transporta-tion, due the Pacific Railroads, has naturally placed the companiesin a much better financial position. The Union Pacific Securitiesare being more critically examined and their real advantages for

investment at present rates, more fully inquired into. That theattitude of the Secretary of the Treasury should have had a de-pressing effect, was inevitable, but now that Congress has revokedthat judgment, there is no further cause of apprehension, on thisscale. The Union Pacific Land Grant Bonds are among the mostattractive securities now offered, on account of the great interest

which attaches to the road as a National enterprise, and the securityfurnished by the lands of the Company upon which the bonds areissued. These bonds are now being received by the Company at

par and interest, in exchange for their lands and many actual set-

tlers are adoping this mode of negotiation. This proffered exchangeevinces'the Company's confidence in their rapid appreciation, andthey claim that they should and will soon rule at 90 in the market,irom the fact that they pay an interest of 8 per cent, per annumon tha' figure, while the stability and safety of the securities aredeemed unquestioned. The cost of mail and other transportationto the Government, prior to the opening of tliis road to the Pacific

coast, was three-quarters of a million dollars per month. Thisenormous expenditure has been diminished by the Pacific roadsso that not less than fifty thousand dollars per week is now beingsaved to the tax paying p -ople of the nation. Such facts as these,furnished from the records at Washington, evince both the valueand necessity of their successful progress and development.

BANKING AND FINANCIAL.

BAKKiira HousK OF Hbnby Clews & Co., 33 Wall st., N. Y.

Our business is the same as an incorporated bank.

Deposit accounts can be opened with us in either Currency or

Coin, subject to check without notice. Five per cent, interest will

be allowed on all daily balances. Checks upon us pass throughthe clearing house as if drawn upon any city bank.

We issue Circular Lettera of Credit for travelers, available in

all parts of the world ; also Commercial Credits. We make tele-

graphic transfers of money to any desired point, and transact

every description of foreign banking business.

We draw Bills of Exchange in sums from £1 upward on.

The Imperial Bank, and Messrs. Clews, Habicht & Co., London.The Provincial Bank of Ireland, The National Bank of Scotland,

and all their branches.

We issue Certificates of Deposit payable on demand or at fixeddate, bearing interest, and available at all money centres.

Orders executed for Government and other investment securi-ties

; also Gold and Exchange.Advances made on approved collaterals and against Merchan-

dise consigned to our care.We make collections of Notes, Drafts, Coupons and Dividenls

with pr^jmptness on all points, and are fully prepared to offerlinking facUiUes upon either currency or gold baais.

Hatch.

i

Harvey Fisk. A. S.

Office of Fisk & Hatch, Bankers,No. 5 Nassau street. New York, March 31, 1871.

THE FIRST MORTGAGE SIX PER CENT. GOLD BONDSOF THE CHESAPEAKE AND OHIO RAILROAD COMPANY—of which about $6,000,000 have already been marketed—ar»

secured upon an East and West Trunk Line of Road 437 miles in

length, the greater part of which (237 miles) is in earning opera-

tion, and the remainder rapidly building. When completed it will

establish a short, economical, and favorite route between tide-

water navigation and the chief railroad and river cities of the

West.

Besides the immense volume ot through traffic between the East

and West which this road can command by its unapproachable

advantages in distance, grades, fuel, and unfailing navigable con-

nections, this road must convey enormous q.iautities of the supe-

rior splint, cannal, and bituminous coals of the Kanawha Valley

and the iron ores of Virginia and West Virginia, which are in

demand at both ends of the line.

The value of the property, the certainty of a large and profitable

business, the established reputation and credit of the Company,and its able and honorable management, give to these securities

an assurance of superior value and safety.

They may be had in Coupon or Registered form, and in denomi-

nations of

$1,000, $500 and $100.

We have prepared pamphlets, showing the agricultural, mine*ral and manufacturing advantages of the adjacent territory, and

the traffic, facilities, and financial prospects of the Road, whichwill be furnished on application.

FISK & HATCH, Financial Agents. •

THE NEW LOAN.

ACTS OP congress AUTHORIZING THE RBFUNDING OF THENATIONAL DEBT.

An Act to Authorize the Refunding of the National Debt.Be It enacted by tht Senate and Home of R'prHeKtatwes of the Unite I Slntu

of Amerieo, in Omgresi assembled. That the Secretary of the Treasury is herebyauthorized to issue, in a sum or sums not exceeding in the aggregate two huii-dred million dollars, coupon or registered bonds of the United States, in suchform as he may prescribe, ana of deuominatious of fifty dollars, or some mnlti-pie of that sura, redeemable in coin of the present standard value, at thepleasure of the United States, after ten years from the date of their issue, andbearing interest, payable semi-annually in such coin, at the rate of five percentum per annum : also a snm or sums not exceeding in the aggrei^ate threehundred million dollars of like bonds, the same in all respects, but "payable atthe pleasure of the United States, after fifteen years from the date of theirissue, and bearing interest at the rate of four and a half per cent per annum

;

also a sum or sums not ex ceding in the aggregate one thousand minion dollarsof like bonds, the same in all respects, but payable at the pleasure of the UnitedStates, after thirty years from the date of their issu , and bearing interestat the rate of four per cent per annum ; all of which said several classesof bonds and the interest thereon shall be exempt from the payment of all

taxes or duties of the United States, as well as from taxaiou in any formby or under State municipal, or local authority ; and the said bouda shall haveset forth and expressed upon their face the above specified conditions, andshall, with their coupons, be made payable at the Treasury of the UnitedStates. But nothing In this act, or in any other law now in force, shall beconstrued to authorize any increase whatever oi the bonded debt of theUnited States.Sbo 2. And be it further enacted. That the Secretary of the Treasury Is

hereby authorized to sell and dispose of any of the bonds issued under thisact, at not less tlian their par value for coin, and to apply the proceeds thereofto the redemption of any of the bonds of the United States outstanding, andknown as five-twenty bonds, at theh- par value, or he mav exchange the samefor such five-twenty bonds, par for par; but the bonds herebv authorized shallbeusedfor no other purpose whatsoever. And a sum not exceeding one-lialfof one per cent of the bonds herein authorized is hereby appropriated to paythe expense of preparing, issuing, advertising, and dispo'sing of the same.Sec. 3. And be it fuith^r enacted. That the payment of any of the bonds

hereby authorized after the expiration of the said several terms of ten, fifteen.and thirty years, shall be made in amounts to be determined from time to timeby the Secretary of the Treasury, at his discretion, the bonds so lo be paid tobe distinguished and described by the dates and numbers, beginniug for eachsuccessive paj'ment with the bonds of each class last dated and numbered, ofthe time of which intended payment or redemption the Secretary of theTreasury shall give public notice, and the interest on the pariicular bonds soselected at any time to be paid shall cease at the expiration of three monthsfrom the date of such notice.Sec. 4. And be it furt'ier enacted. That the Secretary of the Treasury 1b

hereby authorized, with any coin In the Treasury of the United States whichhe may lawfully apply to such purpose, orwhich may be derived from the sale ofany of the bonus, the issue of which is provided fiir"in this act, to pay at par andcancel any of the six per cent bonds of the Utiited Stales of ihe kind knownas five-twenty bonds, which have become or shall hereafter become redeoma-ble by the terms of their issue. But the particular bonds so to be paid andcancel[l]ed shall in all cases be indicated and specified by class, date, and num-ber in the orde[r] of their numbers and issue, beginning with the first numberedand issued, in public notice to be given by the Secretary of the Treasury, andin three months after the date of such public notice the Interest on the liondiso selected and advertised to be paid shall cease.Sec. 6. Ard be it further ended. That the Secretary of the Treasury it

hereby authorized, at any time within two years from the passage of this act, toreceive gold coin of the United States on deposit for not less than thirty days,in sums of not lees than one hundred dollars, with the Treasurer or any Assis-tant Treasurer of theUnited States authorized by the Secretary of the Treasuryto rec*-ive the same, who shall issue therefor certificates of deposit, made insuch form as the Secretary of the Treasury shall prescribe, and said certificatesof deposit shall bear interest at a rate not exceeding two and a half percant per annum; and aoy amount of gold coin so deposited maybe withdrawn from deposit at any time after thirty days from the date of de-posit, and after ten days' notice, and on the return of said certificates: fto-videil. That the interest on all such deposits shall cease and determine at thepleasure of the Secretary of the Treasury. And not less than twent\-flve percent of the coin deposited for or represented by said certificates of depositsshall bo retained in the Treasury, for the payment of said certificates ; and th«excess beyond twenty-five per cent may bo applied, at the discretion of theSecretary of the Treasury, to the payment or redemption of such uutstaudiug

Ibonds of the United States, heretofore Ltauod and known aa th* ave-tw«nt/

Page 13: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

March 25, 1871. fHE CHRONIOLB. 8«5

M inied thereon. In i«yinrnl for toy bondt mithorlred to b<i

>nd I

lukof I .

fundflftb.

Un.thaicane

,.^,.y Thrtt Hi.. I'niTc.l Stnt.'

Il-ll S(lllr».'

.1, itnd nil <iil

, .,f II,.. T:

*f

hnnrU parchn^^dtiliii; to the. tlu" li»«UO

r iiM.I fornty-frh• 111

. »h 11 b(!

'Tiled and• nt. Any

.l.niiilHlloii. .tpH hondK-Illte^ iilmll nminor bethe amount ,

' "of each

hciruvid, Khun bo deducted rcniwilvely..iii.tiindiiiu debt of tho rnltetl Hliite*.

;uuv be apiOled to tho redemption or p«y-

.111 amiMiut equal to the Intercut on all bonds belonR-

klnjr fund ihall he applied. a« the Secretary of the

to time dlreet, to tho uaj-mcnt of tho pabltc debt at

ive of the act aforoKald. And the amo nt »o to beHated annoallyfor that porpoae. ont of the recelpte

f L'lOde.

Apptutcil July 14, 1871).

An Act to amuDd au act entitled " An act to Anthorlxe the Befnoding of the

National Debt."

S*llmaeUal>!/l^tSena'*aint rnuttof I tprtttntotlw tf tht I'nitfd StaUt• Amfrirnin rhn-frtrtunMta. That the amonnt of bondd anthorlzed by

" ' .iirteen, olKhteen hundred atid eerenty entitled "Aniiidinjr of the national debt," to be iMucd bearlnit Hve;iQnnni, be, and the aame 1», increaaed to five hundred

I. ; ., niirt ihe Interest of any portion of the bonde iKunert undermill t. m«v, at the discretion of the Secretary of the Treasury, ben'.iu! artericarly : I'loviitd, hmwtvrr. That this act shall not becouirui; .i HI uiiiiiuriue any increase of the total amount of bonds provided for

by the act to nhlrb this act is an amendment.Approved January SO, 1871.

PTBUo cratnrr act or 1889.

B* U maelM. Ac, That in order to remove any donbt a» to the purpose ofthe Gcvornm.iit to dUcbarge lOl just obltgatione to the pnbllc creditors, and to

iiB and interpretations of tho law by virtue of which• n contraited, it is hereby provided and declared that

: St tea Is solemnly pledged to the payment in coin oriii t.;:...;,.. i,: li nU Hie obligations of the United Sutes not beating interest,kiHAMi .1, I iiiiod States notes, and of all Ihe interest-bearing obligations, ex-ce|)t iu ciiMs where the law anthori»lng the issue of any sncn obligations hasoxp^e^?l\ iirovlded that the same may be paid In lawful money or In othercurrt'iicy than gold and silver ; but none of the said IntereBt-bcaring obligationsnot nlri'j;ily i!ii,. slial! bo redeemed or paid before maturity, unless at such timea«l 1 -Imil b« convertible into coin at the option of theholii

1 time as bonds of the United States bearing a lowerrate . .. bonds to be redeemed can be sold at par in coin : andthei^iiittd St^iicB also solemnly pledges its faith to make provision at the•arliest practical period for the redemption of the United States notes in coin.

JAMES G. BIAINE,Speaker of the Honse of Representatives.

SCHCYLER COLFAX,Vice-President of the United Sutes and President of the Senate.

AppTored March 18. 1889. C. 8. GRANT

DNION PACIFIC LAND-GBANT BONDS.

Ommi OF Morton, Buea & Co., Biiniiite. i

Nirw ToBK, March SO, 1871. f

The undersigned oITer for sale the balance of the Land-Grant Bonds of the

Cnlon Pacific Railroad Company. The road baa 1 een in operation aboat

twenty months. It Is completed in all respect*, and its earnings have aver-

aged $8,000,000 per annum. These bonda bear 7 per cent interest, couponspayat>le April and October.

They are receivable at par In payment for the Company's lands.

The following siunmary of the financial condition of tho Company Is fromthe address of Colonel Thomas A. Scott to the stockholders, npon his accept-

ing the ptesideucy, at the annual meeting In Boston, March 8

:

" Land Department.—Bonds, 7 per cent currency, (10,400,000.

" Land Sale*.—29S,I)00 acres;proceeds, $1,806,666 ; avenge price per acre

$4 48.

On aceonnt of these sales the company has received and redeemedland-grant bonds to the extent of $786,000

For the remainder the Companv holds land-notes maturing In one,two and three years wlui accruing interest 576,680

ToUl $1,813,650" The condition of the land department may, therefore, be itated thus

:

Bonds... $10,400,000

Principal reduced by bonds redeemed $788,000Land Note* on band 576,660

Showing an absolute reduction $1,818,660The Company la entitled, under the grants from Qovemment,

after deuncting total lands preempted before passage oftheactto 1»,080,000 acree.

From which deduct the amount heretofore sold. 1M,883 acre*.

Leaving on band as an asset 11,787,117 acres.

—which at an average value of tMo dollars per acre, being twenty per cent

below the minimum OoTcmment price for adjoining Unds owned by it, should

yield the gross sum of $S3,574,334, so much thereof as may be required to beapplied to the payment on redemption of the land-grant bonds, and the bal-

ance to go Into the Treunry. The average land salea amount to about $76,000per month.

Prom present indlcaliona it wonld seem reasonable to eatimate thegross r.eti ts nf tli coming year at a minimum of $9,000,000

With a eobt of maliiiaining and operating the line on thla increasedeanihii; of nut exceeding say 4,600,000

Leaving as net receipts to tie applied to interest ^nd dlTldend, ex-cloalve of the operations of the land department 4,600,000

"The operations of the line for the first twenty months of iu existence asa completed road show net earnings solBclent to meet the interest upon its

entire bonded debt.

" This result cannot but be deemed, by all practically vsrsed In the hl»toryof new railway lines, as indicating a suoccssful future. The yearly increaseof trafflc^ costing but little additional to transport, and tlierefore yielding alarge percentage of net revenne, must soon give a value to your property notaadily appreciated at pnuent

M0ST0Ii.:BU8S M Co.. No. 10 Broad atraat

PiiinaT KrwKoio, March $4. \m.The mon«7 market.—Tbe prlnrliinl hnalncM o< th-^ wo«k hw

been <l"ne at 4<t>!'i i«t cert., wltli Home cxrpptionn at 6 on Thnr»day. Tho tendrnrv lownrds firmer rate* fin call loam, noticed in

our lant n-inrt, U-insr lidlowed by an unfavoralilw bank ntateliMnt

iin Hamrdav. IMth InBl , wan further developed tills week, and onTliuraday llif 'lutaido rata wna qDnted nt 6 per cent, a* ataled

above, altUnti<th lar|ie ainouiit* wor« loaned In the afternoon at 4per coDt. 'I'.iday there wan agnin a jierceptihly eaaler feellnflr,

«lth an nbui.l.viit lupply of mon'-y at 4 p^r rent, on govern nent

collateral nntl 5 pfr c»nt. on nildcellnneoua. Tli« IncrPBued fim-

nem in the inarkit ]..> been rather in the tone thnn in any real

lack of fuiid», and baa bMii 'iroduced by aeautinuB fi^elinK arising

from the reii'^ tg which 1 l)Oon clrcnlated of attempts to lock

up money nguin s.^oat the ..»«t of April, and by the anticipation

that the customary demand for money at the opening of >prinB

buslnesa miKht produca somn liBhtneBS in the market, aince the

banks are nlrcady.well expihtwi .in their loans nnd discounts.

The call madeby the (.'omptroller of the Currency for the state-

ment of the nationiil bankti, »ho>v<ng their condition at the cloee

of business on the 18th inst., ha."! removed on- element of uncer-

tainty, and will enable the banks to use their funds freely.

For the purposes of stock operations the demand has hardly

been equal to that of the two previous weeks, as the general

stock market has not been as active, and the larjte transactions

have been chiefly limited to a few specialties. Some of the

largest operators have also made time contracts extendinjr over

thirty or sixty days, to provide against the possibilities of stringent

money. Time loans have been made at 6 per cent for thirty

days and 7 per cent, for sixty ("lays on approved collateral :the

banks, however, are generally averse to making time engage-

ments.The bank statement of Saturday last showed a material decrease

in the legal-tender reserve, and an Increase in liabilities ;the

loans also were increased $3,223,010, the other changes beinz as

follows: Specie, $1,105,431 decrease, circulation $49,850 decreasQ,

deposits $1,021,059 increase, and legal tenders $1,432,239 decrease.

The net result of this statement showed the banks to be $2,770,-

471 weaker in their excess over the 25 per cent legal requiiement,

the whole of that excess being $12,649,676.

The following statement shows the present condition of the

associated banks, compared with tbe same date in the last two years :

Mar. 18. 1B71. -Msr. 1». 18W. Mar. 20. IW.Loans and discounts «l!K.S'ai.40l »870J»3.6811 t2(8.(»»>»Speilo !2,««8,7«9 82011,741 "•J'frJSCirculation 81,ttl8.J11 38,i«».!iffl

.iil'.i-U2Netdcposlts »»,9IS.«3 JOS.81*.'.^ IfSS^.WLeKal Tenders 8S,«2S.«45 IW.-,7H» 50.-:-43.4

For first-class commeircial paper the demand has continued

good, and rates are not qnotably changed, although the tendenCT

has been towards firmer prices. Banks are not as ready pur-

chasers as they were a few weeks ago, on account of tho several

influences bearing upon the money market, as noticed above ; they

ar" not disposed to discount paper lower than 7 per cent, and as

the best names can be negotiated with outside parties at 6<g6i,

the hulk of transactions have been with the latter.per cent

Commercial, first class endorsed todays. s 9 ..." " " 4 months. exa 7" " " (months. 7 «8" " slsglenamea CO days. «X«

»

" •' ^' 4to(moutlis. 7 aiOBankers', first elass folelgn 60 days. < a tX

domestic 8 to < montlis. CHS s

Dnlted State* Bonds.—Government securities have been dull»

as a general rule, throughout the week, and 5-20s of 1867 close

to-day at llOi, against 111 last week ; 10408 at 108i, against 109.

There has been very little speculative interest in the market, andthe attention of dealers has been largely occupied in discussing

tbe prospects of the new loan, and the probable operations of Mr.Bontwell in regard to the purchase of bonds and sale of gold in

April. Subscriptions to the loan may now perhaps amount to

$25,000,000, but it has been rumored, and is believed by many of our

leading bankers, that Secretary Boutwell will take extraordinary

measures to stimulate subscriptions in April, either by selling avery large amount of gold, and purchasing a like amount of

bonds, or by giving notice of the redemption of a certain amountof 5 2()s in gold, at the expiration of three months. 'I he probable

amount of these transactions on the part of the Secretary havebeen variously estimated, some parties placing their figures as

high as $100,000,000, but without any apparent basis for their

suppositions; Indeed the whole disrussion in regard to the

April programme of the government, although it has been the en-

grossing theme of the market, appears to have been carried onwithout any definite intimation of the courae which will actually

be pursued. It is stated, witli much show of probability, that

tliere is a party largely interested in bonds and short ol gold,

who are endeavoring to get Mr. Bontwell to carry out the plan

indicated above, and which they are now deeply interested in, andurge npon the Secretary that such a course is the oni- mostclearly prompted by patriotic motives. It is quite possible, how-ever, "that Mr. Boutwell may disappoint those who have been

speculating upon his iirolMible action, by not pursuing any of

the several courses which have been laid out for him.

In regard to paying ofi°5-20'8 in trold, it has been claimed that

the public credit act of March 18, 1869, would prevent that from

being done until greenbacks are at par in gold, or unt 1 the newloan can be negotiated at par in gold ; the text ot the act is as lol-

lows: "But none of the said interest bearing obligations not

already due shall be redeemed or paid before maturity, unleaa at

iuch time as United States notes Sliall be convertible into coin at

tha option of the bolder, or tinleM at loch tima ai bonda of the

Page 14: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

366 THE CHRONICLE. [March 25, 1871.

Unltod States bearing a lower rate of interest than~tlie'' bonds"to

be redeemed can be sold at par in coin." How far the action of

the Secretary will be impeded by this law, it does not appear, and

the subject will be of greater interest when his plans for April

have been annoanced.Much criticism has been made by some of the leading bankers

in London, upon the manner in which the loan was placed uponthe foreign markets, and from the comments of experienced finan-

ciers both at home and abroad, there seems to be reason for think-

ing that too little attention has, from the first, been given to thebusiness details for introducing the bonds, as these details require

to be arranged with ttie utmost care and forethought, even in

case of the most attractive loans. At the Treasury purchase of

$2,000,000 on Wednesday, bids amounted to $8,004,900, and hada depressing effect upon prices.

The following were the highest and lowest prices of leadinggovernment securities at the Board on each day of the past week .

Saturdar. ^tonday. Tuesday, Wednepd'y Thnrsdftv, Friday,March iS. Ma' oh 20. March 21. March 22. March 23. March 24

6^8,1881 coup... uixnsK USK 115j< USX .... •1I5K115X 115H IISK :!5S< ....5 20'B,186aoout> 113 .... 112)i ms •112X IISV iix ma •112 1'2X tl2X ....S 20'8. ISM •• !12K 112« m .... •i;2 113X 13 .... •111X112 lllHll'K»-20'8, 1R65 •' 1 ili .... 112 um 112 .... • 12 I12X •lltVll2 •111*112MO's, 1865 n '• in iiiji 110» .... nox .... 10.'< HI m% uoj< I'OH I10«5-a) ». 18fi7 • mx .... 110J< 111 UOX 111 llOJf llOH llOM .... I10>< llOV8 20'8, 1868 " •mmiix la;^ .... 111 .... iio« mx 'm% 111 •UOX lllMl»-40'8. 109)< 109X 108% 109 108X .... 108% loev •.os« .... !0S« 108XCurrency 6'8 114 .... lun .... 114 .... 114 .... •USX U4>i •113X 114

• Thl8 is the price bid and uked, no sale was made at the Board.

Railroad and niscellaneons Stocks.—The Stock markethas, upon the whole, been less active with the heavier transactionsgenerally limited to specialties. Prices have, with a few exceptions, been well maintained and in some cases largely advanced,the most conspicuous rise being noticed in Northwest Commonand St. Paul Common, the former closing to-day at 85f and thelatter at 60J. The principal weakness among the speculativestocks was shown in Union Pacific, which closed to-day at 23^

;

Ohio and Mississippi has also been weak and closed at 46i, areaction from the high prices to which the stock has recently beenrun up on its prospective value as the connecting line betweenCincinnati and St. Louis, for several of the prominent routes be-tween the seaboard and the former city.

Stocks are now held in large blocks by the cliques which wereformed early in the year to advance prices, and will probably beunloaded gradually upon the market as the stock can be taken byoutsiders without depressing prices. It is said that a considerableamount of stock from the country has already been thrown uponthe street, which has been taken by the combinations to preventany break in prices. A feature of this week's business has beenthe increased demand for the dividend paying shares, the North-west stocks being bow considered as belonging to this class, andalso Milwaukee and St. Paul Preferred. Coal stocks have beenvery firm and more active. Express stocks and the miscellaneouslist comparatively dull with a downward tendency.The following were the highest and lowest prices of the active

list ofrailroad and miscellaneous stocks on each day of the last week.

FridayMarch 24.

94!K 95

92X 92XI29« ..„19V i^HIKiX lOJX99* lOUX58X mx112X 118X

93« 9«H114 luS

' The following 'are the highest and lowest prices of the mostactive State Bonds at the Board on each day of the week

:

Saturday, Monday,March 2).

Tuesday,March il.

Wednesd'y Thursday,March 23.March 18. March 22.

96JS 99 98K 98X 98X 99X 95X 96X X95X 95X..& »^* MH 95X •95 96 91V 92X x92X 92X•129 129J< •128 130 I27V 129 128 129 129 Si ISOMX 20X aOK .... 20 20X 18X 20 19X 19XlUlX 101% lUlV lOiX 102K103 lOiX lUSX 102X I03X88X 99X 98X 99K 9as< 100 99 9<IV 99X llOV54V B5X 51V «« 55 56X 65X 56X 56X 57X112M 114X 112 113X USX 113X lis USX U2V 113X79V iOa SX 80 79;< 83 sax 83X 83X 35X93^ 93K 93 93^ 9SX 94K 94X 94V 93V P6X118X 114X UtH U4V 114X U4V lUX 114V 114X 114X97 .... 97X .... 97X .... 95X .... 95X ..*55X 66 65X E5V 65X 66X 66 66X 68X 60Xn Ti^ 76X TiH 77X 77X T!X V'tX 78X 79X47j< 48H 47X *S^ 48 49X 47X 43X 46X 48106X .... 10«V I06H 105X 106X 106 . .. 106X 106X

•113 113H 118X 113X USX .... lU .... U'X ....•115 116 116 .... 116X ... •lis .... •116X 116X

71 71 71X .... •71X .... 71 ..?.83X 84 83V 8S» 83X 84 84X .... 84X 84K31X 21V 20H 21V 2; 21X •21X 21X 21X 2iX

'ma 106X MH .... I06X 107X 106V 107 10«X 106X91 .... 90 90X 90 .... •90X 90X 89X m•99 99 .... 99S .... 98X .... 97 98135 .... •134 135 134 185 •13SX 186 •133X 135

•118X 118X 118 118X 118 HEX •118 .... iiex ....89X .. . 89X 89X 89X .... 89H .... 89X ..:.IV ...• in .... IX 2 2 •2 2X^x n 25 S< 26X 24X 25X 24X 24K 24 24X66X 67V 57X 58X 38X 58V 68X 58X 57X 5910 •9X 10 «» 9X 9X 9X 9 9XIS .... 13 18X 11 12 11 .... •lox nx42K 44 42X 43X 42X 43 42X 43X 43X 43X

71X 72X70 .... 70 .... 69V 69X ^ ''.^.47X .... 46V 47X 47 47,X

'/I,x " 46 ... 45V .... •45X 46 46K ....OH .... 42X .... 42 .... •41 42 40 ....

N.y.CentAH.Rdo scrip

HarlemEneBeadingXjake sshore....WabashPittsburgNorthwest

do prefRook iBlano...Fort Wayne...Bt.Panl..d » pref...

.

Ohio, MlsslsslnContral of N.J.Uhlc* Alton,do do pre!PanamaClev.,o,C. 41Col.Chtc.A 1.0Sel.J/ack.,*wBann., St. Jos.do pref

Illinois Centr'lMich. Central.Morris & EssexB.. Hart. & ErieUnion Pacific.West. lip. lei.Mariposa pref..Onlcksllver....Pacific Man....Adams Kxpr'ssAm. Merch.UnUnited States.Wells, Fargo.

.

• ThU la the price bid and asked, no sale was made at the Board.

State and RaUroad Bond«.-Southem State bonds have beentolerably active at prices generally well maintained. Virginiashave advanced, the new bonds touching 70f and the old bonds68i. with some reaction afterwards. The funding bill before theVirginia Legislature has passed one house, and is confidentlyexpected to pass the other house and become a law within a fewdays. South Carolina bonds have declined on the reports ofiwlitical disturbances in the State. North Carolrnas special taxare also lower. Pacific Railroad bonds have been a trifle lessfirm, without any apparent cause, and close as follows : CentralPadficB 96t(?i95i ; Union Pacifies 83@83J ; Land Grants 74JKa75Incomes 68i@69. The gross earnings of theUnion Pacific in Feb-niary were $373,924, and net income $136,457. The CentralPacific gross earnings were about $495,000.

The Stock Exchange Committee has this week admitted to thecall the bonds of the Nashville and Decatur Railroad, and the•ecuriues of the Atlantic and Pacific RaUroad. — —

^

59X 60V78X 79V46 47 >i106 106X114X ..„•116X 116X

84X siji2:x 21V106X ....

87X 8996 97

134X135119X 120

89X ....

IX ....

24X 24X67X 58X"X 9X

•lOX 11

X

43X 434,;

72X 72X47X ...

46X 46X•40 40V

^8 Tenn..old...58 Tenn, new...is N.Car.. old..68 W.Car., new.18 Virg., old....66 S C, n, J & J?« M'SBOurl ....Un.Pac. Ut....U. P. L'dGt....U. P. Income..Cent.Fac.Gold

Saturday,March 18.

•63X 64•46 47X•'.'5X 26•67 ....

66 66XS2 ....

84 SIX76X 76X69X 70X95X ....

Monday,March 20.

64 ....64

•46X 47X•25X 26

68X ....

65X 66

91V 92

83X 83V76 76X70 ....

95V •...

Tuesday,March 21.

63V 64

•63X 6446

•.... 2668 ....65 65X9IX ....

8SX 8.3X75X 76X70 ....

95V .-..

Wednesday,March 22.

6« 64X6SX 63X46X ....

•25 25X67

65X 66

•91X 91

X

83H iSX75Ji -SX69X 7095X ....

Thursday,March 23.

63X e.'iv

"63X fSx46X 46X•m 26'68 68X66X 67938SX fSX•75X 75X69X ....

95X .

Friday,March 34.

•68V 6.1X•6SX 6SX•46X 46X•24 25X6;x . .

66X 66X91V 91

X

88X8SM

: 95X

• This Is the price bid and asked, no «a7e was made at the Board ."^H

The Gold Market.—The general tone of the gold market haibeen " bearish," and the speculative interest on that side has beenconsiderably increased. The chief topic of discussion in the market has been the probable action of Government in regard to its

sales of gold in April, and under the impression that Mr. Bout-well may throw a very large amount upon the market, the shortinterest above referred to lias been created. Less important influ-

ences have also had a certain effect, as for instance the increase ofbullion in the Bank of England, the disturbed condition of affairs

in France depressing the prospects of the French loan, and theslightly easier rates of exchange here for to-morrow's steamer.

On the other hand, the large demand for customs and the prospectof further exports, together with the short interest, have been thechief supports of the market.

It is possible that if the Treasury programme for April shouldbe materially different from what it is expected to be by the par-

ties operating for a decline, the effect produced might be a sharpupward turn, as the " shorts " would come in as purchasers to

cover their contracts. Shipments this week will probably beabout $650,000, of which $450,000 will probably be shipped to-

morrow. At the Treasury sale of $2,000,000 on Thursday thebids amounted to $5,960,000. Customs receipts for the weekamount to $3,838,000.

The following table will show the coanie of the gold premiumeach day of the week past

:

Saturday,Mar.l6.Monday, *' 20Tuesday, " 21,

Wedn'day, " 22.

Thursday, " 23Friday, •' 24.

Open-ing.

..Ill

..III

;:Ji{«..lU

-Quotations. ,

Low- High- Clos- Total . Balances. -^est. est. Ing. Clearings, Gold. Currency.

IIIX »35.768.000 $1,811,855 »2r63 491111 4',058.f00 1,127.763 1,263.817lllX S4,966.n00 745,464 832.48S111 25.977,0<'0 1.462,976 1,629.008lllX 24.968.000 1.276,171 1 419,!66UOX 17,370,000 1,190,905 1,326,969

111

llOX111

iioxllOXiioy

"OXmxUOX

mxluxmxmxmx111

mxmxU2X

IIOK, . -

ink 157,789.000 1,048,993 1,182,848IIOX

Currentweek lUPreyious week lllXJan 1,1871, to date.. llOX

The following are the quotations In gold for foreign and American coin

:

American gold (old coinage)4 p. t

.<4iSovereigns $4 86Napoleons 3 86German X thOlers 7 75Prnselan X thalers 7 95Xguilders 8 90Spanish doubloons 16 40Patriot doubloons 15 50American tllver (old coinage)

[email protected]. premium

premium.®t4 90® 3 90@ 7 90® 840@ 4 00® 16 60@ IS 66

American silver (new) . 97 & 97XDimes and half Klines. . . 96 ® 97Five francs 95 © 96Francs' 19 ® 19XEngllshsllver 4 75 ® 4 85Prussian thalers 70 ® 71ppecl« thalers 1 04 ® 1 06Mexican dollars 1 03X® 108VSpanish dol'ars 2@S p. c.premium.South American dollars par.

Foreign Excbange,—Rates have fluctuated slightly duringthe week, and close about the same as last Friday. During thefirst few days there was much firmness shown, and all the lead-

ing drawers were on Tuesday asking 110 less the usual commis-sion ; since that, however, rates have been easier, and best bank-ers 60 day sterling was quoted to-day at 109|, and short sight llOJ.There has been a comparatively small business, as the high

rates have the usual effect of checking such purchases as can bepostponed till a future day. The bankers most intimately con-

nected with the South report a smaller amount of cotton exchangemaking in that section during the past few days, and anticipate

no supply of cotton bills sufficient to make rates easier. Theshipments of specie have not been very large, and will probablynot exceed $600,000 for the week, including the shipments of to-

morrow.Exports of cotton from all ports amount to 97,032 bales, pro-

ducing $6,040,242 in gold, against 73,562 bales in the same weekof 1870 producing then $6,397,065 gold, with Middling Uplandsat 23c., and gold at 112.

Quotations are as follows;

60 Days.I09X@I09X@ 109X

S Days.IIOX® ...Londonprime bankers. ,

* commercialParis (bankers)Antwerp 5.12X(85.!3XSwiss... 6.I2X(aS.13XAmsterdam 40;^® 41

Hamburg 36X0 S6XFrankfort 41 @ JIXBremen 79X® 79XPrussian thalers _ 71X® .'ilV

The transactions for the week at the Custom House and Sub-Treasury have been as follows :

Sub-Treasury.-

5.08V®6.V9XE.08X®5.(«X41X@ 41X86X® S6X41X® 41

X

79X® 8072Xia 72X

CustomHouse

Receipts., »34O,0tl0Saturday, Mar .•18..

Monday, 20.. . 697,000Tuesday, "Wednesday,

"

21.. . 894,00022,, 661,000

ThursdaT, '* 23,, . 673,000Friday, 24.. . 673,000

-Receipts, Payments.-

Total »3,838,000 «4.377,8M 58 t3,4S4W) 31 $3,677,846 40 »4,867,3n 7SBalance, March 17 65,M5,7S6 34 7,785,774 98

tTO.023,610 92 $11,220,075:293,677,846 40 4^67371 78Payment during week. .

Balance, March 24 $66,846,794 » «<,S62,708 Si

Page 15: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

March 25, 1871.] THE CHRONICLR 367

Kew Tobx Citt Banks.—The followintr itatement Bhows tlie

condition of the ABSociatod Banks of New York City for the weekending at the commencennont of buBinesa on March 18, 1871

:

, AT»«A»« AMODHTOF .

Louis and UlroDlt-OaplUl Dliooant*. Bpaele. tlon,nAiiKt.

iraw rorK |s,ooa,ooo ii9,i8o,ii)o ts.nii.Mo issi^no $13,448,400

Not _Le(kltideDepotltf.Tenders.

Manhattui a,om.oooMerchnnts-... 8,000,000Msclisnles . >,0a0,000Onion 1,500.000America ... t,OOOX)00Ptaonlz 1,MO,jOOCity , 1,OOOJ)00Tradesman's 1.000.000Fnlton.. 600.000Obemloai 800000Merchants' Bxohange.... 1J8(I,0MEatlonai 1900,000acohers' 800,000solianles and Traders'. 600,000

greenwich , S0O.0O0Bather Mannl. National 100.000

BereDth Ward, National. SOO.000State of New tork 2,000,000American Bxohanice 8,000,000Comniproe 10,000.000

gjMa.roo«,i8t.000a.4Tr,«oo4,418,SC08,I1I,«I8

4Jt2,"l«s.Tii.on8,ao8,Mn2,094,488

8,eB«0M8377 K»3.S4«.lrO1.931.«iaijm.org8,187,2081.88S,0I«4.?89.8n)ia,4Il.C0O31,074,7437,I.18.S00

3.I86,'SI8

3,!)28.8008.r87.440

5.340JM82.tfl».H>0

1.SI7.9I9

2,900J)I02.401 .1871.SR.O0O

39U00l,OI7.B0O84S,»I«MS.C0O

1,711.195

884,874587,84094,8881<«.090433JII420 608

888.81181.90018,900

m,mM.00S

448.lli8

TTIi.aOO

9.839860.100

604M8504J63

1.410496,080

wisii

Broadvay 1,000.000Ocean 1.0UO.00OMercantile „ 1,000,000Paoiac 483,780Bepnbllo 8,000X00'bfiatbam 480,000People's.... 419JI00Nortb Amerloan lMO,oaoHanoTer 1,000,000Irvlnic 500.000MetropolitangItUensa~aa t.000.000

Market 1.000.000Bt. NIcbotas 1.000.000

8boe <%nd Leatbor 1,900.000Corn fixctaanice 1,100.000

Oontlnental..., 3,000.000CommonwealMi 750.000Oriental 800,000Marine 400.000Atlantic 800.000 ,.„„-^^Importers and Traders'.. 1«I0J00 J2'S«.£?Park.. 2JX)0.300 If^-**Mecbanlca- Banking Ass. 500,000 1-187^0Grocers' 800.000NorthRlver 400.000Ba»t River 890,000Manuractnrcrs&Her,... 500.000Fonrih>r<tlon»l S.000.000

Oenlral National 8,000,000BecondNnional 300.000Ninth National 1,000.000First NHIonal 500,000Thlrrt National 1/100,000New York N. Rxcbange* 300,000Tenth Nation il 1,000.000Bowerv National asn.OOOHew Torn County SnO.OOOGerman Aiiierlcan 1,000,000BnllsHead 800,000Btnrresant .00,000Elere ith Ward. 200.000KiKbth National 290.000

American National son.WMUermania SOii.000

Hannfaotnres & Bnlldera 100 WM

447318488jm353.200198.730

34ie9359.W5174.06549S.0CO985.800

891.731 4J63.49078ej!00 691 .000

4,800/100 'J-iSi-KJ400.000 1.999/139— '^ 3.313.007

3.940.2103,7S3.S003,788.0003,679,4004,0;9,4112,293.9001,390,130

1,677.9001.063395

733,1931,163,438

973300.,S9J,3{0

li' K9,6C01^,308.000

1,494/iOO7,1 15,0005.<es,?KI

6 St 9,6001.1*8,4005.W5,!001,138.446

1.3S3J>0023'6.7O01.564.185476,68741:9.861

773JS3814382TSO.rOI

1,032,«9

80.981I8O3OO13.140

1398348190,3003.948

95,353181.89311,000

737.403 1,664.868

S9.007 130.008

63.36588.3CO

137,90043,60367.100

3- 1.98877.C002.330

73,91083.718

849.400834,34778.4006317

33,1653.9003,000

4311,1004,410100B33I30093813007,460,913

8,2623184.289,7)4

1,88439*1316.8774,688,9883,ig8.l!!0

1358,1883,8213001349300806,928

3383.488878310

8318,0488,840.8006,64!!36e6,188,4001,175,6038378,3001381,28053133^833043001,3>2,6282,498,4131,485.786

1.728.0009.7S4.P951,339,1132,188,139l,r->S300

l,!O7.S0O2.769 nOO1.417.7002,673,1973,397.4001,1083801.576,110748,741

133I7.00O971300 30,»9S.364aOI.SCO 1,Of0,500

;B9,74S

479,3004 700

848314i:o,coo

8,9.19

4.000290,289198,CM

8.1146

5ie.9no7P9,;00883.S00

9.780561.985

4630860,00098.841

509,400

131510.858374300

6771,058.(00 3,939.800

186,000 1,889.000

369.001137,000261.(00789,800

fOO800.^0010,8:0

lis.iw53074,097

"36040.7176350

774,000830,300790,100267,000OOt.lOO

339,000179300

6,389

3i0.000446,9(XI

641.9371335,690600300

1,04930016.231.100

10.976,0001.287.000

6.891,0005,7953006,675,8007S4.J(0

4,709,3001.0J8.468

1,059.(00

3318,0361,679.770938 881483,19661»,9.'f5

704,978817.'0O

87M30II678,700

13873(0883 9008'a300

8380389443300500,OCO576,198991319

I3O8374694391828380Stl.300426,300189,188818386350,769

1.696,6471,6033004.4483991,881,900517,707828.800182,990990,118898300171,644868,000868,137514000

1,090383833.4918^6.461

484.500432300928,!00286.000931.00(1

639,7(0316.430941.590198.1(13

2,450.600

5,371.631486,700195,364314.098212.700183.400

s.Dse.euo

2,991,000S9),0(JO

1310.000944,800901300279.800976,400813314838300316,946

9932857366195381305,063

4.9C0 1,062,227 13J,C0O

Total.. , 83.970300 292,576,404 2J,6CS,74531,60B,319 330315,613 55,633,645

•Same as last week. No report.

The deviations from the returns of previous week axe as follows:

Loans Inc.. $3.32:1.'':0 1 Net Dcnoslts .Jnc.S:)ecle Dec. 1,105,431 Legal Tenders ..Dee.Ctrcnlatlon Dec. 49356

1

The following are the totals for a series of weeks pastLegal

Specie. CIrca1«tlon — • ~25.660 714 81.790,161

11.031.(15-'

1,423339

Feb. 11.... 271.27 . .

Feb. 18... 374.013.930 24 70:337 81.787 841Fell. 29.... 218.009.999 31563,048 31,730.445

March 4... a^».68',»S.l 24,83^.307 8I,'61383

March 11.. 289 358 391 23,769,176 81,6S9,07I

March IS.. 292376,404 22,668,745 81,605315

Phtladelphta Banks.^—The following is the average condition

of the Philadelphia National Banks for the week preceding Mon-, March 30, 1871

Deposits.214 060.875216.390,33821 7.* 39,1 16235.0^9,574839,'«!4,531

330,915,643

Tenriers.55,773,29356,366.6:i6

57,178,40858, 19,76857,045,88455,633,645

AggregateClearing!*.4S7.054.904463.147,419399359,017667.431,830648.14 1,GOg589.685,799

Total netday,

Banks. Capital. Loans.Fbllsdelphls. tl.500.SSO |5.184,O0O

Kortb America 1,000,000 4,044.910

Farmers and Mecb. 330O.<«0 4314.433Commercial 810,000 3,596,000

Mechanics' 800,000 3,380,000

Bank N. Liberties. 500,000 3388,000Bonthwark 290.000 1,405300Kensington 39u,000 I.095,7»tPenn 500,000 1 S87,'I33

Wes cm 400.000 1314359Manufacturers'.... 570,150 1.809300Bank ol Commerce 250.000 799.133Oirard 1,000300 8,642.000Tradeamen's 300.000 1.459360ConsolldaUott 800300 1,13S,703

CUT 400300 1,259310Commonwealth.... 800.000 8:3.776

Corn Exchange.... 500300 1.639.000

nninn ". 800,000 1384,000Fl'St 1300,000 83>1,000Third 800300 1,044300Fonrlh 300/00 790,778

Sixth 190,000 B2230OSerenth 290.(00 799300Elehth 215,000 8»'30OCentral 'KO.OOO 3,816000Bankof Bepnbllc.. 1,000,000 3,1< 8,000Secorlty 198,000 839300

Tots' »15,K3,190 t53,7n,423 (461,2^ 112363,631 839,923,944 :tl0,975,4»)

The deviations from last week's returns are as foUows

:

Capital Increase. 16,one I Legal Tenders Decrease.. 147,13*Loans Increase. 100 589 1 Deposits Decrease.. 19.591Specie Decrease. 314389 1 (Jirculatlon Increase.. 88.9S0

The annexed statement shows the condition of the PhiladelphiaBanks for a aeries of weeks

:

Sp'cle.|f02.000

L. Tender. Deposlts.CIrcuIat'n.(6°4 0U0 13,06,0011 81,000,000

6386 914.0D7 8,794356 7J9,10079325 1.073,683 3,i3<,3U T70,0(M8,700 695.000 1,694,000 614,0003.401 8S9.0I0 1305300 473.4003,000 5'>8,000 2,031,000 457,000

37,900 581,600 1399,900 2143004,810 260300 819348 226,9954,000 198,060 972,100 173,2303,085 846.806 1,806347

255,000 ''^^ 447,0818,820 208341

8<000217,64.5

43.000 2,792.000 5943006,981 838,032 1,001.848 173,960.... 318330 740.038 370,000

8.928 438,489 887,727 392,79849.000 285,704 862335 218,730IO3O8 896,000 1,199,000 4.903009.000 403,000 1.446308 331,00067300 1,150300 832830O 7983008339 417304 1,049.747 3633'i9

344385 1.064328 119,000138,000 880.000 186300

16,000 3T9.0O0 739300 319385188,000 820.000 240,000

10300 640,000 2,090,000 8883005367 4I8.00O 1,454,000 800,000

57,000 158300 90300

Banks,AtlantloAtlssBlackstonaBostonBOTlSTOnrolnmblanContinentalHiotEverettFanr nil HallFreeman'sGloheHamiltonHowardMarketMassachnsettsMaverickMerchants'Mount VernonNew KnglandNorthOln BostonShawmntShoe A LeatherStateSoffolkTraders'TremontWashingtonFirst..."Pecond (Granite)...ThirdBank of Commerce.Bank of N. AmericaB'k of Redemption.Bank of Republic...CityE«gleExchange....Hide 8t LeatherRevereSecurityUnionWebfterBroadway

Loans.tl3i4.oaa3,478.7578319.171

{3013801380387

Bnsele. L,11.00114.1 9693348376814

6830014388101371

1,79814 878IS34I1/004311

31,7076,79113.08314338

311,478660

8031838.668145.7284430443.376I1T3I094,5189388

331.71167,45638.47t

186.88368,0(«3.4833339761357

73*53,T3

10918315,9469,7965316

1813985I3I812,r33

ToUl 847350,000 8111,706,835 »3,063,135 $12362,092 t47/)68.3« $34,791,731

The deviations from the returns of previous week are as follows :

Loans 'nc. 4^335 1 Deposits.,

Inc. 128316Specie "ec. 1»'333 Circulation Inc. 78,185Legal Tender Notes Inc. 91,931

1

The following are comparative totals for a series of weeks past

:

Date. Loans. Specie. Legal T.-nder. Deposits. Circulation.Feb.18 113,016.116 3325535 13,'54375 46.777373 24.746.066

Fcb.20 113.356381 8.068048 13370.434 46360,938 34,744 2f0

3,650379 13355.019 4.\0;8 933 3l3''9.iej

3.493.688 12 073109 44 977 718 34S89.~53

3.333 447 13.^70.161 46310309 24.71236a

2.083.:25 12,362,032 47,068335 24,791,7il

Qnotationa of Neir York Bank stocks.

Fi-b 27 111.924313ManhO 111,657.715

March IS 111,21.000March 20 111,706,825

Bid. Askd.New Tork 135 137

Manhattan lilHMerchants 115Mechanics 185 140Union HO 150America 150 152

City ... 2.11

Phenlx 109North River.... 89Tradesmen's.... 193 155

Fnlton 100

Greenwich 23JButchers* Drov 147 160Mechanics & Tr. ; 88National 130 ..

Merchants' Ex.. 102X 104Leather Mannf.Seventh Ward... 106State of N York 113Commerce.. . 119X 130

Bid Askd.Mech. BkgAsso V.S

Broadway 390Ocean 91K 92HMercantile 134Am. Exchange. 116 113Paclflc ISOChatham 166 170Republic 115 118N. America 1('9

Hanover 10314 ..

Irving 133 ..

Metropolitan.... tS4CitizensPeoplesGrocers 116East River 113Market 128Nassau 109Shoe and LeathCorn Exchange. .. 138

Bid. Askd-ConUnental UH ..

St. .vlcholas.... 115 116MarineCommonwealth. 85 81AtlanticNew T. County. 3KImporters * Tr. 160 166Park 1.59 163Mannl * Merch 100 101N T.Nat Exch ..

Central Natlonl 108 108XFirst NationalFourth NaUonl II0!< l<.Oj<

Ninth National. liO lUMTenth NationalEleventh Ward. .. 101Oriental 159Gold Exchange. 70 VBankers 4s B As lOU

SOUTHERN SP:CURTTIES.Tlieae <|aotatlona are of the }Lean Active Seonritlea 'which

are not Given on the Next Page.

Date. Loans.Feb.18 63.9P9.79SFeh.20 83.743310Feb. 27 88,038.743Mar. hs 68.444340MaMhI3 68.816338March20 63.117,433

Specie. Legal Tender.n9.4« 18.167374686.401788,748714398678814464,718

183B318,318740418,06436913.7t83H13366,811

Deposits. Clrcnlatlou.893I8.909 10368 87639.69733039,767.65089.9753<)789.98838889,<l333l4

10 903.64310,941,41410,94 ,96610,986,987t9,'/75,4n

Boston Banks.—Below we give a 8tat.eraent of the BostonNational Banks, aa returned to the Cleariof Homo, on MondayMarch 20, 1871

:

Prices by Lawrence Bros. & Co. 14 Wall Street, and A. C. Kaufman. Charleston, 8. C(Mauy qaotatlous are Decetsearily Dumiuul.)

North Carolina. Bio AeaCltjr Secarit!es« IBld Asi Wilmington & Wcldoi.78.... 81

AlexsEdriaCs 88 68 " i;h. &Ruth.lstM.eiid 5Sm 71 " " let M. 88... 6U H

Anensta, Ga., 78, bondsCbMeston, S. C. , 7s, F. L. bds

78 BO Sonth Carolina.«s 70 Char!., Col. & Aug , 1st M..7s 76 80

OoInmbla.S. C, 6b K 70 ftock... 311 38Columbus," 78,bond8 68J 72 Sparten'bnrg and tJnIon 7s,

guar'd by States. CSavanntih & Char. Ist M.,78..

Hi 45 60Lynchburg 6b 72 7?1 fm 70Macon 78, bonds 78 7b' NorthEastcmlst mtg. 8s... 83 90Memphises, endorsed W «1 Sd '• as... 70 ...

Memphis past due coupons..Mobile, Ala. , 5e, bonds

«« 68 Sd " 88... .... 7485 ea " stock 13

88, " ... . bU

80i60

8381

Cheraw A Darlington 7s.... 85"dlno BIdge, 1 at Mortgage .

.

Tenneaaee.60

63....

Norlo)k68 60 86 Bast Tcnn. It Virginia 68, end?eter^bnrg66 TO 71 by Slate of Tenn 66 (»Kichmond68 70 71 Hempblsand Ohio IDs 60 66Wilmington, N. C.,69 «0 " 88 88 a

•• " 8b 78 Vlrslnla.Urange A Alex., lets 6a,. ...

.

86 mBallroad Secnrltlea. »d86e 7« 7f»

Alabama. " ed8 8e 86 rallonlg'rT&WeBtP.lst,89.. 8S 87 4tha8a TT

'^^ " l8t.en<J 80 81 Oranee a Alex. * Man. lata

Va. * Teni. lata 8878J 8S

'• " Income. 63 66 807«lUODtgomery and Knialla 1st Ids6e ft

8a, ffold bonds, endorsed byState of Alabama

" ath 88 81 8S86 M Yirglnla Central lets, 69 R«

Hobtle and Ohio. 3 mtR, Ss S3 63 " »nds, 6a.. ?tSelma and Meridian Ist m. 8* 67 60 " Sds,6e

" 4th,88eo

s»Ceorcla.SonttawCBleinKit., lat mtg.

" fncd. Int. 8s86 on Rich. * Dan .-. Isl ocra'd aa. 77 7«

stock .:. M88

Pli.^ont teaTilsts'«8

.... mHaconand Angnata bonds . ... 8U

• " endorsed. , S6 SoDthslde, lat mtc. 8k w 91Macon and Angnsta stock. .

.

96 40 M m gnart'dSa..' 3dm. (la

7>183

78

66 6»»8SSavannah, Albany.* GnlI7s

bonda. end. by Savannah..

" 4tbm. 8a ........Sorfolk * Peteraburg 1 m 8a 94

Penaacola dsGeorsialst m7s'" SdmSa.

60 Ta . . 8616 '* 3d m. 8* w

Rlchm. It Petarab. 1st m 7s mniMUalppI and Iioa-

lalana.Sdm.O*

» 8d m. ft...

Mississippi <vnt. 2d "8s 63 801 " Fra'kab'g * Poto. «« 781JtTenii. 1st m. 7s 78 78 conv 7s f*

eonaoM, 8a 6« 661 H « * ' Oa ....

Page 16: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

368 IHK GHRONkJLE. [March 25, 1871,

GENERAL QUOTATIONS OF STOCKS AND BONDS.

Tbe Active Stocks and Bonds given on a Prevlona Page are not Repeated bere. Quotations are made ot tbe PerCent Value, Wbatever the Par may be. Southern Securities are Quoted In a Separate lilst.

BT0OK8 iKD SE0CBITIE8.

dodododo

New York Prices.American tiold Coin

5.8 GOVERNMENTS.(Not prcTloualy qaoted.)

is, 1881, reg6». 5-aOs, (1882) Mfirta, S-iOt, nSM) reg«8, 5-a)8, (1-35) reg•a, s-aos, (1865, uev) reg89, 5-2(l», (1867) rej;

6s, 5-208, (1S68) regH.lSH.reg8», 10408, rw

STATE BONDS.Tennessee 6», olddo do new bonds

Virginia 6s, olddo do newbondsdo do registered old

do do do I860....

do do do 18(i7....

Georgiansdo 78, new bondsdo 7s, endorseddo 78, Gold

North Carolina 6s, olddo do Funding Act, 1866.

do do 1863do do new bondsdo do Special Tax

South Carolina ^^8

do do new bonds....do do Aprils Oct...

Missouri 08do Han. & St. Joseph.

Louisiana 6fi

do new bonds6e, new floating debt.63, levee bondsB9 do7s, Penitentiary

California 78do 78. large bonds

Connecticut Cs

Rhode Island 6eAlabama 58

do 8bdo Ss Railroad bonds.

.

Arkansas 6e, fundeddo 7s, L. R. & Ft. 8. Iss

do 78, Memphis A L. K..do 78, L. R.,!". B. 4 N.Odo 7s, Miss. One. & BR .

Ohio 6s, 1875do 68,1881 ,

do 6s, 1886Kentucky 68lUnois Canal Bonds, 1870do 68 coupon, '77do do 187»do WarLoan

iBdlana68, War Loando 5b. do

Michigan 68,1873do 68,1878do 68,1888do 78.1878

New York 7s, Bounty, reg. . .

.

do 78, do cou. ..

63, Canal, 18:;2

68,187368,18746s, 1875•s.lSTV68,187858,1874,58,137558,1876

CITY BONDS.Brooklyr 68

do Wat -r 68do Park6sdo do 78do 3 year AB8e«sment 7f

New York 6 per cent, '75..

.

do do do "76...

do do dodo do dodo "'s

„ RAILROAD BONDS. "N. Y. Central 68, 18S3

do 68,1887do 68, real estate...do 68, subscription.do 78.1*76do 7s, conv. 1876. . .

.

.do -3,1885-76

»rle l9t Mortgage Extended.do l8t Endorsed ... .

do 7«,2d do 1879do 7s, 8d do 1883..:do 79,4th do 1880 "do 7b 5th do 1888

;

Bujr. K. Y, & E. l»t M., 1877Hud. R. 76, 2d M.S.r.l883....„ dp "s, 3dMort.,lS75.Harlem, let Mortgage.• iS" Con.M'geSS'kgF'd!Albany* SusqPa, 1st bonds.

9° do 2d do ..do do 9(1 doMich. Cent.. Ivt M. 8s, 1S82.. .I!

SfiS-'?''i;-*'*-?P-<=l8tM..•flea. ho. 7 per ct. 2d Mort.Mich.B && i.8.F.7p" ::Paciac R. 78, gnart'd by Mo

IPacllTc Bonds..

Bid, A<lc.

nOK

115X

BTOOKB AND 8SCUBITISB. Bid. ASk,

108X

63X67H

24

m"6668

SA*SO*-

68X6364

72H86X

lii"

loiji1110

63101

56"'

57

:o-K

71lX

>^H

dododododododododo

'78...

'87...

101)

107X'.07 iK

!C«106

107107-.07

10710010100

9494881009793039893102>«

94

9iH90

91K100100100

94"919085 >i8288

102H102

Central „..„„Onion Paclic let Bonds

do Land QranU, 78.

„,, do Income lOs... .

AUon4T.H.,Ist1n.......do do srtMprcf.

nS. *YT*?.. '" M.Wome..Chic. * N. Western 8. Fund."

5? do Int. Bondsdo do Extn. Bds

r^Ji^i-Av *° UtMort..Man. & St. 3o. Land Grants. .

.

I.SI a. i5° . e<">»ertlhle

^McIllWe??^.,M-Tol.'Swab'h.f.?Mort.l''xJfd-

dS 'fiiSo^A.'""--do Equip. Bds.:::do Cons. Convert

Hannibal A Naples. lit M .

Or«at Waatarn. I»t M., 1868.: '

'

do UtM. 1888.*> tdM.US* ;

93M

no98)i10196ym75V6'<3

",?«

93u87H9383

•:02X

:6i

94X92H80X887984

102

87«.M)i

94il4S9010198

100liOiOOlOO104

9593

10094

h...

Oi !

95 i

93;

81I

M'l84>i'

8884 I

RAILROAD BONDS.Quinor & Tol.. I8t M.. 1890.. .

.

III. & So. Iowa, 18t Mort(T-ilena & Chicago Ex ended .

Galena & Chicago. '.:h Mort...Chic. R. Island & PacificMorris ds Essex, Ist Mort

,

do do 2dMort I95

Cleve. & Tol. Sinking Fund . . iW2New Jersey Central, IBt Mort; ...

do do 2d Mort. ...

do do new bds. lOOJf 101

Pitts., Ft. W. & Chic, ist M.... 102

do do 2d Mort. 97do do 8d Mort. I ...

do do 8 p. c. eg't bdsCleve. tc Pitts., Consol. S. F'd. M«do do 2d Mort....do do 3d Mort...do do 4th Mort

Chic. & Alton Sinking Fnnd.

.

do do Ist Mortgagedo do Income

Ohio A Miss., 1st .Mortgage.do Consolidated.

Dnb. & Sioux C, Ist Mort...Peninsula KU Bonds — , ....

St. L. & Iron Mountain. Ist M. 89Hl 89XMil. & 8t, Paul, IBt Mort. 89. . 1C4>< UA<i

do do do 7 3-10 "do do 1st Mortdo do I.&M. ddo do 2dM

Marietta ft Cin.. 1st MortUhic. & Milwaukee Ist Mort..

.

Jollet* Chicago, Ist Mort....Cblc. & Gt Eastern, Ist Mort..Col., Chic, ft Ind., Ist Mort....

do do 2d MortTol., Peoria ft Wai-saw, E, D..

do do W. D..do do 2d M.

.

New York* rJ. Haven 6bBoston, H. & Erie, guaranteedCedar F:.ll9 ft Minn., Ist M....Detroit. Monroe & Tol bonds.Lake Shore Div. bondsCleve. ft Tol., new bondsCleve., P'vlUe ft Ash., new bds.

do do old bds.Buffalo & Erie, new bonds ...

St. L. Jacksonville ft Chic, 1stSouth Side Railroad bonds

do do Bkg fund.Morris & Eesex, convertible...

do do construction.North Missoorl, Ist Mortgage.do do 2d Mortgage. B9X

Jefl'erson RB, 1st Mort. bonds.MISCELLANEOUS BONDS.Am. Dock&Im. Co. 7, "ne

Long Dock BondsW Union Tele. IstM.,7 187.5..

aTOOxa Ain> ssoxiBiTiia.

lOlX

9«X

160

NE(V. OR RECENT LOANS.0. S New Loan, 5b, goldBnr.C. R. &.M.KK, 18tM,7(gil) ....' 90Cues. * Ohio RR, lstM.,6,(gd) ....1 90Conn. Western, l=t mort. Ts... .... 90G. R. & lud. 1 M guar, 78, gold 92X.jOnlsv.&Nasii. i^,UtM,con8.,7 — I 90Lake Shore rouBolidated, 7 1 97MMontcl.ilr RR ol N". J. 78, gold .... 100Northern Pnciflc 1!R. 7-W gold .... 100Nashville & Decatur RB ........N.Hav.,Mld.ftWil.RB,78.... .... JOOS.Y &Osw.Mld.R,IstM.l(gd)i ... 100Peoria. Pekln& Jacks, 1 m;7b1 ...

i ....

St.Jos A:. Den.C.R,l8tM,8(gd)l •••' «7XSt.LouiB&IronMt. lBtin..gd,7' ...-I 90Union Pacific Land Grants 7b

\..[,...

RAILROAD STOCKS. ; 1

(Not previously quoted.) '.

Albany ft Susquehanna. f ..--I —Chlcano ft Alton 114

do do preferred. ..'116J^do do scrip

(...

Chic. Bur ft (Jnlncy 156Cln., Ham. ft jJaytonClev., Col., CIn. & Indianap .

Col. Ohio, ft Ind. Central....Dubuque ft Sioux CityErie Railway preferred........! 42Hartford ft N. Haven |171

Long IslandMarietta ft C!n., let preferred

do do 2dpref.Morris ft EssexNew JerseyNew York ft HarlemNew York ft Harlem, pref.New York ft New Haven

do do scrip.New York, Prov. ft Boston...Norwich* WorchcBterOhio & -MlBslsBlppi, preferredRenBselaer ft SaratogaRome, Watertown & Ojfdens..St. Lonis, Alton ft T. Hiute...

do do pref.St. Lonis ft Iron MountainToledo. Wab ft ft'esteru. rref.MISCELLANEOUS STOCKS,American CoalConBOlidated CoalCumberland CoalMaryland CoalPennsylvania CoalBlprtng Mountain CoalWllkesbarre CoalCanton Co 88X' 84Delaware ft Hudson (anal 115 ill.5J<Atlantic Mall Stcami hip .

.

MarlpoBa Golddo Trustees Certlf..

Bid. Ask,

100

28H

n«10492

15«

l«i"152«15888

r.H

128K137

14X137

107

98XISOS

Boston.CIn., Ban.* C!ev.,lstM., 7, "77.

Eastern Mass., cony.. 6, 18'}4...

Hartford ft Erie, let M. (old) 7.

do do lBtM.rnew)7.Old Col. ft Newport Bds, 6, '76.

do do Bonds, 7, 1877..Rutland, new, 7Verm't Cen-., iBt M., cons., 7, *86

do 2dMort., 7, 1891....Vermont & Can., new. 8Vermont ft Mass., let M., 6, •88.— ; (Boston & Albany stock

WH Boston, Hartford ft Erie....llBoston & Lowell stock

BoBtonft MaineBoston ft ProvidenceCheshire preferredCIn., S-indusUy ft Clev. stock.ConcordConnecticut RiverConnecticut & Pasaumpsic, pf.Eastern (Mass.)FltchburgIndianapolis, Cin. & LafayetteManchester ft LawrenceNashua ft LowellNorthern of New Hampshire..Ogdens. & L. Champlain

do do pref....OldColonyft NewportPort., Saco ft PortsmouthRutland

j

do preferred.... 84^Summit Branch 42,

Vermont A Canada ..,

Vermont ft MnBsacliusetts 71

Philadelphia. j

Penneylvanla 6s, 1877,

lOS

do Military Loan 6s, 1871 :03J«do Stock Loan, 6b, "fe "77 106

do do 68, 'T;-'S2i lOTJK

Philadelphia 6b, old ilOl^do 6a, new |10iJ^

Plttsbtirg Compromise 43^8. . , , 57Kdo do 6edo Funded Debt 6b . .

.

do do 7b . .

.

do Water exten. 7s....Alleghany County, 6

do do 6b, '85

Belvldere Delaware, Ist M., 6.

do do 2dM.,6.do do SdM.,6.

Camden * Amboy, 6 of "75

do do eofSSdo do 6 of '89

do consol., 6 of '89.

.

Cam. ft Bur. ft Co., IBt M., 6 . .

.

CatawlsBa, 1st M., 7Elm. ft WIl'mB, Ssdo do 78,1880

Hunt, ft Broad Top, Ist M.. 7. .

.

do do 2dM„-, -iS...

do do Cons. M., 7, 'flfl.

Jnnc.,FhIla., 1st M.,guar.6, '82.

Lehigh Valley, Ist M., «, li.78.

.

do do let (new) M.,«, '9^.

Little Schuylkill. iBtM., 7, 1877.North Pennsvl., Ist M., 3, 1880.. ...

do Cliattel M., 10. 1887.116do 2d Mortgage, 7

|86

do FundingScrlp, 7.. .

011CreekftAlleK.R.,l8t%.,7. fSXPennsylvania, ist M., 6, 1' 80. . . ilOlx

do 2d M., 6, 1675. . . .Iu25<

87

85X85

93

93X95\

87X9694108

,99X

ilX

.?2X117 jinx129^180

148>4142

Quicksilver preferred.3veUs Fargo scripBoBtonWaler Power.

Boston.Maine 6«New Hampshire, Rs. ..'.'.:.::::'

Vermont dsda9iachusett9 6a. Currency..

do 68, Oolddo 5b, Gold

Boston ••do Ss.gold

l/UicaK'o Sewerage 7s

„ 'lo Municipal 7»Portland 68

o2Jiar.??.*..'!^?:.'r:.?.-.J,v.-,-.-:

5IX

48

139

29M

SIX

5)4; 6K30 8016)< ....

S '-iA

86X S7X

100 ....

9ex ....100 1 ....

101I

....

do Debentures, 6, '69- '71

PhilB. *Erle,lBt M. (gold) 6, '81

do let M. (cnr.) «, '81

S'lnbur? & Erie 7bPhlla. A Sni.bury 7b, 187)Philadelphia ft Reading, 6, '70.

do do 6, '71.

do do 6, '80.

do do 6, '86.

do Debentures,6.do do 7, '9S.

Phll.,Wllm.ftBal.,l6tM.,6,'84Westch. 4 Phil., Ist M., conv, 7

do do 2d M., 6, 1878..

.

West Jersey, 6, 18S8Wllmlng. ft Read.,lBt M.,7, 1900Chesa. ft Delaw., Ist M., 6, 'S6.

.

Delaware Div., 1st M., 6. '78...

Lehigh Navigation, 6, '73

do Loanofl8S4, 6, "84

do Loan of 1897, 6, '67

do Gold Loan of '97,*, '97

do Convert, of 1877, 6,Morria, Ist M.. 6, 1876

do Boat Loan, S. F.. 7, "86

Bchnylklll Nav., Ist M., 6, 1872do do 2d M., 6, 1862..do do Improv., 6, 1870..

Caraden ft Amboy stockCatawlsBa f-tock

do preferred stockElmlra ft wmiamsportElmlra ft WUUamtport pref..Lehigh ValleyLittle Schuylkill....Mine Hill ft Schuylkill Haven,Northern CentralNorth PennsylvaniaOil Creek ft Allegheny Blver.PennsylvaniaPhlladielphia EriePhiladelphia A TrentonPhlla., Cferraan. ft NorrlstownPhlla., Wllmlng. ft Baltimore.West tlersey[Chesapeake ft Dela. CanalDelaware Division CanalLehigh Coal and Navigation..Morris (consolidated)

do preferredSchuylkill Navlgat'u (consol).

do do pref.Susquehanna ft Tide-Water...West Jersey 7b, Jan. A July...

Baltimore.Maryland 68, Jan.. A., J. A O.

.

do 6e, DeleuceBaltimore 6b of '75

do 18.'<4

do 6s,i90i'do lP90,Park6e

Baltimore ft Ohio 68 of "75

do do 6soJ'80do do 68 ol '8Sdo (K. W.Va.)SdM.6»d M.ta

92

95}t86%102102

1099699«60

103

1^

9185777578

80119J<8S)10880

^^mx5111616«103

122

fi*46

f^03

loax

28)i

87X

158168J(

24X.A.

15'

i

91X

14X

lis

87X103

4SM105

721

loixUll>j

S8X

995(

STOOEa Asv azoDsiTiia

Central Ohio. 1st M.. 6Marietta ft Cin., 1st M., T, 1891do do 2d M.,7, 1896

Northern Cent., Ist M. (guar) 6

do do 2d M.,S. ?.,"!,'«!.

do do 8d M.^S. F., 6, 1900

do do 3d M. Y. & C) e.T;do <fo Cons, (gold) 6, 1'OO

PItt«, & Confellsv., let M., 7, '98

do do let jr., 6, 1S89

We«tWd,)«>r., endorsed, 6 '00

do IstM., ."nend.,6,*90.,

do 2dM^ena»''™M.*. 90,

Baltimore * Ohio sti^"!;

Parkersbnrg Brant."Central Ohio ,

do preferred .... .•-

Cincinnati.Cincinnati 6b

do 6sdo 7-308

Ham. Co., Ohio 6 p. c. ongbds.do do 7p.c.,lto5yrs.

Covington ft Cin. BridgeCIn , Ham. ft D., 1st M., 7, 80...

do do 2d M.,7, '8!;...

do do SdM.,8,77.CIn. A Indiana, iBt M., 7

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

Colnm., ft Xenla, iBt M.,7, -90,

Dayton ft Mich., 1st M., 7, '81..

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

do do 8dM., 7, '88..

do To'do dep. bds, 7, •81-'94.

Dayton ft West., let M., 7, 1905.

do do let M., 6, 1905.

Ind., CIn. ft Laf., 1st M.,7.do (I.&C) IBt M.,7, 1888

June., CIn. ft Ind.. IBtM.,'?, '85.

Little Miami, Ist M., 6, 18S3 ...

.

CIn, Ham. ft Dayton stock., ..

Columbus A Xenla stockDayton ft Michigan stockLittle Miami stock

lionls-nile.LonlBVllle 6b, '82 to '87.

Bld.\ Aak

92M

dododododo

68, '97 to '98

Water Bs. '87 to '80.

.

Water Stock 69, '97,

Wharf 6sspecial tjix fis of '89

S710283W»91859681SO90

87X8284821:4

74C382608492mnS!>

106

9S28S8

8«XlOlK103

98X

Hji103

I03X

100

92"94

iis

««x...;) .

8075X

33

82X

liiir89

103XSIX92X

lis'

B4X

166'

iOSX126

92'

71X

liV1734

I

I04x!

Jeff., Mad. ft I,lBtM.aftM)7, '81

do do 2dM.,7. 187S..do do Ist W., 7,1906

Loulsv. C. ft Lex., 1st M., 7, '97..

Louis, ft Fr'k., Isf y.,e, *i0-'7S,.do Lonlsv. Loan.6.'81,

L. ftNash.lBtM. (111.8.) 7.'77..do Lor . Lont) fm . s.^6. 'Rfi-'fiT

do do (Leb.Br.)6j'96do lstM.(Mem Br)7,'-(V'75,do IstM.fLeb.lir.ex)", "SO-'SSdo Lon.L'n(Leb.br.ex)6, '98do Consol. Ist M., 7, 1898

.Jefferson.. Mad. ft Ind. stock..Loulsv., Cin. & Lex., pref

do do common.LonlBTllle A Nashville

St. lionls.81 1 C'.;!:. 6s

.^o Water 68, gold.,,.do newilo Water ft 'Wharf 6»do ParkGs ,do Park 68 gcHd ... ,

io BewerSpeclalTax6eNorth Missouri, Bd M.,7, 188S..Kaneas Pacificist M., (gold) 7.

do l9tM.(goId) 6, '95CO IstM. fKOld) 6, 1896..do 9tM.(Leav.Br.)7,'96do LandGr. My7,'7I-'76do IncBonds,"?, No. 16.do do No.lldo do stock

Denver Pacific ERA Tel 78. .

North Missouri stockPacific (01 Missouri) stock....

liCadlng SouthernSecurities.

Atlanta bonds, 8s —Charleston stock 68Savannah 76, old

do 76. newMemphis old bonds, 68

do new bonds, 6s....vobile6«do 88

New Orleans 5bdo do consol. 6a..do do bonds, 7a.,do do 10a

787»7877

il^769496

82X85

88957979

so

18

64X|6

75

7SXIS

24X29K15

81

sx75

RAILEOADS.Orange ft Alcx.RR IBtM. »b.

do do SdM. 88..Va. ft Tenn., Ist M. 68

do 4tb Mort. 88Charleston ft Sav. 68, guar. . .

,

do do "

S7X

Greenville & Col. 78, gnardo do 7s, ccrtif..

Northeastern Ist M.SaSouth Carolina 68 (new)

do do 7s (new)do do stock

Georgia Bondfi.7sdo stock

Central Georgia, Ist Mort. "Ts.

.

do do stockMacon ft Brunswick end. 7s. .

.

Macon ft Western stockAtlantic ft Gulf 7b consolMontgm'y ft West. P.lstM.Ss.Mobile ft Ohio sterlingdo do Ss, Interestdo do stock..

K. Orleans ft Jacks., Ist M. 8s.do do cert's, 8«.

N. Orleans A Opelous. Ist M.eeMlBS. Central, Ist M. 78Miss. A Tenn., IBtM 7sEast Tenn. ft Georgia 69Memphis A Charleston, Ist TIs..

do do 3d7e.

.

do do stock.Memphis A Little K IstM,...

868052Xni6059688865704095956611672lOB7S858478298378

7a'7864877780

90

90sz7S93:

]06>8S107

m77

3?

9fi

98

IS''96

7SSO46904E7»K

96K96

21

TS

16884

80

8264

S''82S47*IS

6166en6090a«724297te98

W'1107»679<80268690

W79669080to71

1

Page 17: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

Moroh 25. 1871.] IHE CHRONlOLE. 369

arKxTli^AN ATIO:^ OF TUtrsrOCMv AND HON I) T MILKSI. Prlren of the Active Stocks and Bonds are Kl*ei> >>* tl><^

"Bnnlivrt Oatutto" aN/<,- quotatluiuuf other «*ODrltiM wKl bo found un thf^ pre

etdlofr pu^t'.

3. n:ink nnd Inanranrr Storks, ninlnK. Petrolenm. CityHslii" Ml, I Cms sum Us. iiiiii Noiitliern Secnrltles uf ili»i-'-

ktiin I'lr K'^ularly or icca luinlly i.t

thf . ,, .;;o.

8. Tli< -t Uallroad, <;aual and Other Stock«<oothenoiL: ^(>« nil Coin{>Anlo« of which th« «took U noU In any of tli^

princii'ul ;'.: ,: iier«ly local oorprratloni) . The flrurM just nftar the naino

tfl the compituy itiutcnte the No. of the CURoMCLB In wolcli a raport ol the Com*paoy wiu laitt pnlilUbutl. A star (*) Indleatea Uastd madt ; In the tlivllend oolumux«*r{ra; K=*focA- or scrip.

4. Tbo Tables of RallroMd, Caual and Otker Bondsooeapy In all, four page*, two of whioh will be pnblUhod In each oaraber. Intbeee paftee the bondit of Oompanlee whlrh hare been oontoltdated are frequently

ilTea aader the name of Conaolldated CorporatUm. The dale ir^ven In bracket!immediately atter the name of each Cumpany, ludlcatee the time at which the itute*

meot of iti flnnncee wan made. In tbo "luterett C<^Ininn*' the nbbrevfutiuus are aafollows : J. St J.Bjanoary and Jaly ; F. Sc A-xFebrtiary and Anirurti M. Sc S.i-Maroh and September ; A. & O. April and October ; M & N.«May and Noveui-beri J- ^ D.sjaoeand December Q —J.^Quarterly, bejrinnioff withjanuary;Q.—F.^Qoarterly, beginning wltb February, Q.—M.^sQnarterly, Degioning withMaieh.

5. The Table of State Securities will be published monthly, onthe Inst Hnturdn}- of ttio ln,uith.

6a The Table of Clt7 Bonds will bepabllshed on the tUlnl Satiinlayofeach mouth. The ahbrevtatlona used In this table are the same as those In theIsbles of railroad bonds mentioned above. The Sinking Fund or assets held breaoh oltv are given on the same line with the name.

Cbleago dc Alton Railroad.—Report OF Opebatioks FORTHE TEAR ENDING DECEMBER 81, 1870.—The Board of Direc-

tors submit the following report of the company's affairs and its

operations during the year ending December 81, 1870 :

CAPTTAI. STOCK.

Common $8,928,500Preferred 8,428,400

rCXDXD DEBT.

Preferred sinking fond bonds $808,000First mortgage bonds 2,383,000Income bonds 1,067,000

{ll,8fi0,90a

$8,Tre,000

$16,128,900

The following statement will exhibit tlie gross receipts and ex-penditures daring the year :

EABNtHaSPassenger traffic $1,:93,184Freight 3,318,067Express companies 93,gnTransportation of mails BB,529Hlecellaneoas sources 96,795

Total $4,849,404

ESPINSBS.Conducting trans^portation

.

Motive powerMaintenance of wayMaintenance of careGeneral expenses'I'axes

$680,977763,166662,639258,806108,926161,697

Total $2,787,106

Net earnings $2,068,S

The financial statement for the year is as follows

:

DtCOXZ.

Balance at credit of thia sceonnt, January 1, 1870 $61,420Net receipu as above stated 2,063,899^

DISBrRSEXEKT*Interest on bonds of all clusee $260,980Paid sinking funds 69,000Rent of .Toilet & Chicago Railroad, exclusive of sinking fund 138,049Rent of St. Louis. Jackeonvllle & Chicago Railroad ; .

.

240,000Dividends paid, Nos. 14 and 16 861,645Government tax on dividend and sinking fund 8!. 110Lose by Are in 1866, Insurance nncoUectable 16,654

to/li• •

-$8,114,719

Cost of Improvements charged this account 226,141

-$1,889,481

BaUnce December 31, 1870 $285,838

At the commencement of the year 1870 your company wasoperating four hundred and thirty-one miles|of railway, as follows;

Chicago to Jollet, under perpetual lease, executed January, 1, 1861. . 38 mlles'Joliet to East St. LouIb, owned by your company 842 "Bloomlngton to Godfr-v—St, Lonl» Jacksonville & Chicago Railway,under perpetual lease, dated April 80, 1868 151 "

Total 431 miles.

During the year your company has acquired, by purchase andconstruction, eighty miles of railway, as fol'ows :

Dwigbt to Wenona, by purchase at actual cost, Marcu 15. 1870 86 miles.Wenoiu to Washington, by construction under the direction of theofllcersof your company, opened December 11, 1870 85 "

And a brauca line from Varaa to Lacon, opened December 18, 1870. . 10 "

The aggregate tonnage of freight for the year Is 2,528,0M,a97lbs., an increaofl of 18| per cent, over that of 1869.The coal trninc of your line continues to Increase. Commone-

ing in 186S with only 6,000 tonn, it has iucreaaed to 266,090 tonsin 1809, and 838,»24 tons In 1870, i<howini; an increase of S7 p«rcent, during the past year.The receipts Irom vzpreM companleH, carriage of malls, and

from miscellaneouR sonrces, amountn to f24.'S,1.')2 38, an Inrrwtiiof 121,880 58 over tlie corresponding rccrtlpts in 186(1.

The condition of your property has been fully maintained, uidin many respect.-i Improved.The number of locomotives owned by yonr company Is 108.The number and description of cars up^m your line is as follows:

Pullman's palace sleeping car* . . 8Pullman's dining cars 6PaiMSger eoadie* 47Baggage, mall and express cars..

.

21

Freight cars of all Unda.Toolancl wrecking cars..Paymasier'a car

.I,4H

1

Total 80 mlles.Ifaklng total number of miles In operation January 1, 1871 611 "

The cost to yonr company of the eighty miles of railway ac-

qnired, as above stated, will not exceed the estimate of (15,000per mile, made at the time the question of its acquisition was sub-mitted to the stockholders for their approval. The present statfof that account with the road In operation, but not in all respectsfully completed, shows the cost to be |1,108,747 26, or $18,859 34per mile.

The operation of the Jacksonville Division during the past year,sbowt< in direct returns from traffic, as well as in many otherways, the great advantage of controlling that line nnder the ex-isting lease.

The operating ixpenses upon yonr lines for the year (exclusiveof taxes), amount to 54.11 per cent, of gross receipts ; includini;taxes, 57'4 per cent. In 1809 the operating expenses were 64'63and 5717 per cent, respectively.

The number of passengers carried daring the year was 782,581,being an increase of only 978 over the preceding year ; 04 3 percent, of the number of passengers were local, only ,'5-7 passing the•ntixe distanoe between Chicago and St. Louis.

ToUI 1,843

A contract has been made with the St. Louis, Jacksonville ftChicago Railroad Compaay for permission to use the franchise ofthat company in the construction of a line from Rnodliouse to

*

Louisiana, in the State of Missouri, a distance of 87 miles andalso with the Louisiana & Missouri River Railroad Company, ofMissouri, for the completion and control of their lines in prooeMof construction.They also agree to issue, for the use of yonr company In pro-

viding a construction fund, $15,000 per mile of first mortgagebonds, and $5,000 per mile of second mortgage bonds— if thesame shall be required—upon condition that your company shallassume the payment of interest and principal of all bonds so is-sued at their request. The work of buildinj; the road from Rood-house to a point on the Mississippi Hiver, opposite Louisiana, inMissouri, is now in progress, and will be completed by July next.A contract has also been concluded with the Louisiana & Mle-

aouri River Railroad Company, by which the company agrees tocomplete its road bed. Including bridges and cross-ties, so as tohave the same fully prepared for laying the rails from Louisianato Mexico (a distance of 51 milea) by the 19th day of May, 1871.That company also agreed to complete, in likti manner, a Hue fromMexico to Jefferson City—the capital of the State—(a distance of50 miles) by the 19th of May next.

It is further agreed, that in a like manner, a roadway shall beprepared from Mexico to Qlaegow by the lOlh of May, 1872, andalso from Glasgow to Kansas City, upon a location to be agrerdupon (with the exception of constructing a bridge over the Mis-souri River,) by the 19th day of May, 1873.

In all the undertakings on the part of that company, as beforestated, including the cost of right of way and depot grounds, it isprovided that payment shall fe by them made from the proceedsof local subscriptiouB to their common stock— said subscriptionsamounting to about |11,000 per mile for the entire distance.

It is further stipulated that first mortgage 7 jier cent, bonds, atthe rate of $16,000 per mile, shall be issut-d, an.l that $16,000 permile in said bonds, $10,000 per mile in preferred stock, and $5,000per mile in common stock, shall be placed in the liands of a trus-tee, and appropriated to the purchase of materials, the completionof the road, and procuring rolling stock. And that the sale ofsaid bonds and shares of stock, and the completion of the railwayand purchase of rolling stock, as aforesaid, shall be tmder thedirection of the oflScers of your company.Your company agrees, on its behalf, to construct a line to con-

nect its present lines with Louisiana, and to take possession ofand operate for 1,000 years the line from Louisiana to Mexico, andsuch other extensions of that line as may be hereafter completed,as before stated, and that the amount of rent to be paid for the useof the same sliall be yearly ascertained, as follows : All taxes andassessments shall ho first deducted from gross earnings, and 85per cent, of the remainder shall be the amount to be paid as rentlor that year, provided that the amount paid shall in no year b*loss than $1,370 per mile; and that your com i>any shall asaumi-the payment of coupons on the mortgage bonds referred to, andcharge the amount ol the same on account of rent.

A contract has also been made with the North Missouri Rail-road Company, dated May 25, 1870, by which it is mutually agreedto operate a through line lor passengers and freight upon equita-ble terms, between Chicago and other points on the Chicago it

Alton road, and Kansas City and oti^er points on the Norili Missouri and connecting roads, as soon as the cnnnnection is made atMexico. Said contract to continue in force until the I ouiaiana &Missouri River Railroad shall have been completed to Kansas City—either party having the right to terminate it, after the roadshall have been completed to that point, by giving tlxrce months'notice.

Kansas Paellle Railway Oompanx.—BrsTKESB SiimmabtAND Financial Statement for the Year endino Decembkb81, 1870.—The company has been actively engaged during eightmonths of the year in the construction of that portion ol its mainline known as the " Denver Extension." On August l.^th theroad was completed between Kansas City, Missouri, and r)»»nver,

Colorado, a total distance of 638 6-10 miles. Of this distance,

about 210 miles of track were laid In 1870.

The railroad and lands owned and controlled by this companyconsist of

Main line, Kansas City to Denver. >• (88S-10mnas.Branch, Lawrence to Leavenworth 14

"

Total mllee of Kansas Padflc Hallway 6726 10tr.i\,.Control ed bv purchase of stock and leaso—Denver Puclnc Hallway Denver to Cheytnns 106 mile*.Denver and Boulder ^ alley Branch 16 ••

Total miles owned and controlledKaasaa Paeillc Railway lasds unsold (abootl 1,800,0011

,i 6-10 mflei

Page 18: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

370 THE CHRONICLE. [Maroh 25, 1871.

The following is a general exhibit of the earnings and expenses

of the transportation department for the year 1870

:

BABN1S09.FrHff^t—Ordinarr $1,TOT.686

Government 148,867

Denver extension 385,965

Total i $2,242,419Paf'enger—FirstclaBS $857,0-20

n. S. troops 95,220

Expresses 52,886

TJ.S.malls 73,476

Total $1,078,602Ulteellarieous—Bents $286

Individuals and companleiSundry sources

33,9436,534

Total $39,763

Gross earnings $3,360,786KXPENBEB.

Conducting transportation.. $653,586Motive power 875,765Maintenance of cars S20,7iJ2

Maintenance of way 592,526General expenses 137,410

Total expenses $2,480,040

Net proceeds to balance. $880,746

The average length of road In operation during the year was 551 50-365 miles.

And the gross earnings per mile $6,097lnl869 '

" " 5,075

Increase per mile in 1870 .

The earnings from merchandise and passenger traffic In 1870 were.

.

1869 were.

$1,022

$2,657,2561,703.415

Increase in 1870 $953,84

The operating expenses of the road have been about 73 per cent

of the gross earnings, an increase of 11 per cent over the preceding

year.In view of the completion of the road to Denver, the prospective

growth of trade with Colorado and the Pacific coast, the active

settlement being made on the lands along and tributary to theroad, and the assurance of a cheap and abundant supply of goodfuel, we believe that with economical management, the operatingexpenses of the road will not hereafter exceed 60 per cent, of thegross earnings. The earnings in 1870 exceeded the estimate madeIn the annual report, published at the beginning of the year, byover $300,000, and we are satisfied that the estimate then made of$4,00u,000 of gross earnings for 1871 will be fully realized. Weestimat"! the tiet earnings from the transportation department for1871 at $1,600,0000.The total land grant of the company aggregates about 6 000,000

acres, of which about 5,300,000 acres were unsold December 81,1870.

3,000,000 acres, lying between the 380th mile post and Denver,are included in the mortgage for $6,500,000, dated June 20, 1869,known as the " Denver Extension Mortgage," and the remainderof the lands unsold July 1st, 1870, are covered by the land grantmortgage of that date for $2,000,000.

1,503.565 acres of these lands have been appraised and placed inthe market at an average price of $3 10 per acre.The total sales of lands and lots in 1870 were 124,163 acres for

$389,105 68 or an average of $3 13 per acre. Cash collectionsfrom land sales during 1870 were $317,520 31, and bills receivableoutstanding December 81st $1,120,905 86.By the terms of the mortgage of July 1st, 1870, the proceeds of

all sales of lands made after that date are placed in the hands ofthe trustees for the purchase and redemption of the bonds issuedthereunder. Sales oi lots and lands under this trust from JulyIst to December 31st, aggregate 27,246 acres and 139 town lots, for

the gross sum of $111,234 16, of which $41,472 86 was cash, and$69,761 30 was bills receivable. The 2,000,000 acres of land cov-ered by this trust, estimating from sales already made, and theappraisements placed upon the unsold tracts, will probably yieldto the company, after the payment of the $2,000,000 of bondsissued theieon, a net amount of from $2,000,000 to $2,500,000,which will in time inure to the capital stock. A portion of the3,000,000 acres of land, chiefly in Colorado, which are included in

the mortgage of June 20th, 1869, for $6,500,000, have been ap-

praised and placed in the market, and it is believed that fromthese lands a sum will ultimately be realized sufficient to take upthe bonds long before maturity.*

ASSETS AND LIABrLITIES.

The assets of the company, in addition to the railway structure

and equipments, and^the lands as enumerated above, are as follows:

Notes for lands sold prior to July Ist, 1870 $1,

Cash and notes received from lands sold under trust deed of JulyIst, 1870

75 seven per cent Kansas Pacific land grant bonds345 Kansas Pacific income bonds81 six per cent Kansas Pacific Ist mortgage bondsLive stock and supplies on handStock of National Land Company and bills receivableCash from U.S. Government for transportation $284,482 13; one-halfdue to Company

Cash in hands of paymasterCollections in hands of ticket and freight agentsReal estate, unincumbered, at cost

15,000 shares stock Denver Pacific Railway and Telegraph Company,$100 per share 1

058,691

111,23475,000

345,00081,000

371,01475,520

142,241

17,345153,39795,613

1500,000

$4,026,057

The liabilities, in addition to the funded debt, are

:

Vouchers and pay-rolls $423,680Bills payable (less proceeds of land grant bonds sold) 430,347Notes of company given in settlement with contractors, due in 1872,

1873 and 1874 582,400Coui)on8 not presented 7.991

Due on Denver extension account 11,994

Due foreign roads 86,830

Due sundry creditors 250,533

$1,790,777

Excess of assets over liabilities $2,235,279

Atlantic and Great 'Western Railroad.—A circular hasbeen issued to the bond and debenture holders of the Atlantic andGreat Western Railway Company, which states that most of th»

difficulties which have hitherto baffled the efforts to resume payments have been removed, and that the official scheme of re

organization wiil now make rapid progress towards completion.

A new loan of .£400,000 has been introduced, and will be issued as

re-organization stock at the price of 75 per cent., convertible at the

option of the holders into 7 per cent, first mortgage bonds of there-organized Company, at the price of 80 from the date of the issue

of the definitive certificates. The bonds will be redeemed at parin sterling in London within three years from tlie date of issue.

Messrs, BischofFriheim and Goldschmidt, as the agents of the Com-pany, receive subscriptions. The whole of this loan has beensubscribed, and the price is 2i to 2J premium.

* Sales of 5,575 acres of those lands made since Jannary 1, 1671, averag*$5 76 per acre.

MONTHLY EARNINGS OF PRINCIPAL RAILROADS.—Central Faoifie . Chicago and Alton. .

1R7n 1R71 IQfiQ " lU-rn 1QT11870.f742 m.)$413,104394,176488,.3,31

6.33,758

768,719r 789,274

1871(890 m.)524,480481,085

K 807,815

f"

777,183828,447

I746,800

I 612,805

7,983,518

1869. 1870. 1871. 1869.'

(4.31m.) (4.31m.) (465 m.) (1,157 m.)$34.3,181 $29.3,978 343,555 . .Jan.. .. i892 092315,098 316,036 340,301 . .Feb.. .. 830 286388,726 844,366 Mar.... 1,142165328,390 faHS53 AprU.. 1112,190345,832 395,044 HIay... 1268414402.854 ^411,986 June.. 1,251950351,044 8421,486 July... 1,157,056493,231 ^SOl^Mg Ans.... 10.37 973606,623 1498,6.35 Sept.... 1,305 672468,212 --488,658 Oct.. .. 1 ,,371 780397,515 1432,492 Nov.... 1140 145340,350 (386,598 Dec... 845,708

4,681,562 4,831,731 Year.. 13,355,461

.—Chicago* Northwestern—. >-Cliie-,Bock Is.and Pacifle -vr-Clev. Col,1871

( m.)1870.

(1,157 m.)$706,024753,782858,359929,077

1,177,8971,154,5291,080,9461,246,213 e632;6521,275,171 736,6641,371,780 g584,1551,037,963 '9479,236

1393,468

1869. 1870.(520-90 m.) (590 m.)

S 351,767 $401,275

1871.

( m.)

819,441645,789888,385449,932

r 523,8411,455,606

449,654B00,.393

443,300507,900529,512462,400656,100597,600638,122

5,960,936

1870,

(390 m.)$201,500226,897244,161246,046260,169274,021249,356819,012317,887a39,230319,573284,156

3'^,420

C]n,ftI->ISil.

(390 m.)270,148266,789

—Illinii* Central. .r-

1869. 1870. 1871.(862 m.) (974 m.) (1109 m.)$659,137 $654,587 6.39,540

524,693 661,788 565,415709,644 644,374668,282 597,571640,974 695,253778,260 759,214696,228 648,768841,863 861,.357

97fl,40O 870,584914,406P 862,171814,41.33 841,990696,677!! 755,232

-Marietta1869.

(251 m.)$99,54190,298101,585106,641109,752117,695116,198129 096142,014135,376129,306110,837

and Cincinnati—

,

1870.

(251 m.)$90,17798,275

101,.379

106,246110,213111,117111,127118,407

1871.

(251 m.)13",883 .

126,224 .

Jan....Feb....Mar....Aprtl.mfay. ..

June..July..Aug.

133,998 Sept..153,631 Oct..144,023 Not..141,376 Bee.

.Year

.

Hichigan Central. .

1869. 1870. 1871.(284 m.) (284 m.) (284 m.)$.384,119 $.3.37,992 418,755820,636 329,127 442,665386,527 380,430411,814 412,080403,646 406,283366,623 .36.3,187

329,950 326,89135.3,569 378,880473,516 467,990490,772 511,477448,419 4.5.3,873

374,542 423,735

-Hilwankee ft St, Paul.-. .-Borth Ulssonrl.-,1869.

(825 m.)$454,1303.30,2.33

420,774460,287ri.30,844

678,800686,.342

525,363724,.514

1,039,811801,163496,550

1870. 1871.

(936 m.) (1,018 m.)t3!)6,171382,823377,000443.133430,70075.5,737

636,434661,026808,818908,313791,014529,758

396,700327,431

1871.

(530 m.188,386

8,823,482 8,851,492 1,391,345 1,418,865

Ohio * Miesiwippi. .-Pacific of Mo.-, ^-IronMt

4,749,163 4,791,895 7,250,668 8,180,427

1870.

!340m.)$196,7872I8,2:i4

25.3,066

270.933rS4(C8661249,987•+211,219

6300,971

S 318,957§855,1871316,0641250 471

187i:(393 m.)24.5,981

268,564

1870.(355 m.)$202,447267,867294,874289,560283,000263,398260,449843,194866,677841,873824,669271,807

1871.

(355 m.)212,005217,947

1870. 1871.(210 m.) (210 m.'i

$92,181 $126,218 ..Jan...95,665 122,372 ..Feb...113,894 Mar.104,019 AprU.115,176 May..116,243 June.107,524 July..122,000 Aug. .

124,124 Sept...127,069 Oct...121,791 Nov...119,073 Dec...

'-St. L. Alton ft T.Hante.^-'-— jg.^j

(282 m-)143,468

1869. 1870.

(210 m.) (222 m.)$1.52,392$132,622

127,817 1,58,788

17.5,950 172,218171,863 172,.347

157,397 1.55,081

154,132 150,719144,1M186,888 167,305202,2.38 175,453204,552 163,2&(189,351 152,909168,559 137,794

»»1" MlS-m i,»48,aM Year. 2,014,643

Toledo.'Wab. • WeBtern.->1869. 1870. 1871.

(621 OT.) (521 m.) (521 m.)$284,192 $267,663 366,174240,.394 29.3,645 328,791

342,704 295,298811,832 818,699312,529 340,893848,890 848,632310,800 822,756450,246 466,4.31

470,720 508,042422,.368 451,293 .

32.3,378 426,687481,283 386,254

4,262,312 4,436,420

1870.

(404 m.)$213,101196,2072.39,161

269,4002,59,000

208,493190,720229,0903(>4,690

334,982266,8%255,726

-TTnionPaciflc!-1870.

(1038 m.)$528,529-600,139539,230680,970802,680748,450643,458064,060728,626719,628571,379

1871.

(1038 m.)479,572805,769

T,SSS,1U

Page 19: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

t March 25, 1871.] THE CHRONICLR 37J

STATE BONDS.

OEKOUINATION.MwlMllbui*>talD JtriiUrorllUiMl

Btate seenrltlestA(Oct.l,'70)«U,ltl,800:

Sum Bunds00 do (ectended)do do ( do )

SMrMni boD' tof leSOStarling Booda(oztondod)

do doNewBonda, I8M&1S6SNew Boudf, li'TO, tolaOndoraemtnt for ItU'i (ibont).

ABXAHaAB (March, 'TD t7,8B0,0OO:FandluK bonda of 18UUBoodi* yet unrindcdMampbla A Uttio HockLittle Hoe\L & Furt M. K.R..

.

UttleR.,Plae Bmfi'& N. O. R.R

OAUroRl(iA( April,'70) t4,l»,S00:Civil Bonds or IS57 (gold)do do 0(1880 "

Soldlera* Relief Uonds... "do Bounty Bonds.. "

Coinr«on'i(Apr.l'7C)$7,»T6,»00:WarBondafJnl;, '«lT 10-30 yrardo do (Jan.,'68)S07<arado do (Jan., '61) a<l yearsdo do (Uc'.,'64)J0or80y'rdo (aon-Uxab.)(Oct ,'65)S0y'r

Florida (Tan., '7J) $747,887:State Bonds

QlORoiA (Mar., 71) f 1S,4.?7,700

:

Western <fe Atlantic RR. B<'ndedo do dodo do dodo do do .

Atlantic A GalfKR. BondsBonds, per act March 13. 18S6. .

.

Fandinff bonds oi 1870, (gold)...Railroad CLdsraemesta

iLUROis (Mar., 1S71)

:

Interest Bonds of 1847Interest stocE of 18S7Refnndfd Stock bondsNormal University bonds...Thomion Loan bondsWar Bonds

Ainoant

KAKaA8(Jan. '71) $1,841.975

:

Civil Bonds, 1S61 to 1869....Military

KiMTCOKT (Oct , '70) $1,494,891:Bonds of 1841-'49Bonds of 1843BoLds of 184.8

Bondf (or Military Parposes. .

Bonds held by B'ra of Edacation

LomsiANA Dec. 'TO, $n,';81,E00:Charily ^o^Iltal188.1, Relief of State TreasuryBunds to varions railroads. ...ISrji, Levee Bunds....,1867, do doISTO, do do1886, Fund'xg CouponsBoeuf & f'rocodi eN/>vl Co. .

Relief of P. J Kennedy18«», Penitentiary HondsTo Fand PloatlDg Debt, Ac.Mies. & Mcx. GulfShip Can'1,'69N. Louisiana s, Texas BR, 1869

UklKE (Jan. 1, '71) $3.067,900

:

ClvllLoan Bonds, 186S-61War Loan of 1861do do ofl863Bsunty Loan of 1863War Loan of 1864Mnnkipal War Debts assumed.

Xabtlahd (Oct., '7(1) $18,817,475:Baltimore A Ohio RR sterling.

.

do do converted.Chesapeake & Ohio Canal, st'g.do do converted.do do 1834 . .

.

Baltimore A Susq. RRdo do

Annap. A Qlkrldge RRSusq. & Tide W. Canal, sterlin)!do do converted.

E<stem Shore RRBounty Loan „Southern Relief bonds

ltAS8Acmjs.(Ja".l,*71)$2«,818,34%Itatc Almi*honseL<Mmdo do doSttteHouse LoanLunatic Hospital. Ac. , Loan . .

Lunatic Hospital (West. MasaiLoan, flindlng Public DebtBack Bay Lands LoanUnion Fund Loando do do

Cowt Defense LoanBonnty Fund LoanBounty Fund Loando do do (sterling)

War Loan (currency)Troy Jk Qreoof. RR. Loan(st'g)

do do (borne)do do (sterling)

Southern Vermont RR. Loan.

.

Bsstern Itnilroad LoanNcrwlch A Worces. RR.Loas.Best llarif. t, Erie RR.(at^rl ).

Harbor I.and Improvement. . .

168,0001,941,000478,800688,0 HI

TIS,80088,600

1,471,700800,1100

8,480,000

9,784,0001,716,000

• 3,C50,0C0

1,188,000138,8004«4.g00806,000

^7.»7I>,9•0

747,867 7A«

100.000 7176.0001 786B,000 675,000 6800,000 8

8,700,0003,000,001

B,9i3,000

980.896134,311848,0004S,C001C8,C00416,800

990.475846,0»

913,00066,10094,000209,^00

1,648,883

50,00(1

760,0003,495,0001,000.0004,000,0008,000,000997,31

«

80,000134 000610.100

3,0CO,O0U474,(00546,000

881,000800,000528,000475,000

3,833,8003,(84,400

eA7

4t8,50(>

1.E5S.34S

1,687.3451,403,146369,000439,000115,490

773.0001

318,63990,i:)l

3,651,39t>

100,000

$100,000110,00018^00094,00050,000i<n,oa<390,000

8,000,000600,000888,000»0.000

4,883,8«04,000,7448,506,000584,180066,800

3,961,400300,00060,000

400,0008,69»,034

»0,«00

Hay A Mot.dodo

Jnnr.Jan. A Joly

doJan. A JulyJan. itJaij

Jan. A July

Apr. A Oct.

Jan. A Jolydododo

Jan. A Jn]ydodo

AprllAOct.do

Jane A Dec

Jan. & JulyMayA Nov.Jan. A JulyMay A NovFeb.AAue.Jan. A JulyJ. A. J. A U

dodododo

Mar. A Sep.Jan. A Juiy

Jan.A Jnlydo

Apr. A Oct.Mar.&Seol.April A OctVarious.

Mar. A SeptJan. & JnlyVarions.Various.

May A Nov.Mar. A Sep.Jan. A JulyJan. A JulyJan. A JnlyMar. ASeitMay A Nov.Har, A Sep.Apl. A Oct.

Various,do

Mar.A SeptFeb. AAug.June ADec.Apr. & Oct.

Jan. A JulyJ. A.J.A O.Jan. A JnlyJ.A. J.AO.

dodododo

Jan. A JulyJ.A J.AO.

doJan. A July

do

MayA Nov.Apr. A Oct

doJan. A JnlyJune A DecJune A Dec.May A Nov.Jan. A Jnly

dododo

May A Nor.do

Apr. A Ort.Apr. A Oct.

dodo

Apr. & (VI.Jan A July

doJan. A July

do'

187318881886187018861888'88-83

18901883

99-1900

190C

1877188018381884

•71-'81

18831IJ84

'74-'94

1885

•96-'98

18791874

'79-'74

1874•78-'86

•e6-'87

1890

18781878var.18S01880

'76-'e51689

'71-'74

1873187118BB

16721893

'«9-'1.6

188019071875

'86-'88

1850(18901909191018991909

'70-'78

18711883188018891889

189018901890189018701S90iseo18891E681865189011-83

1873

1879'73-'74

'73-'74

18741870

"TO-'TS1883

'71-'76

77-'78

188318941894189418S8

'8«-'90

•88-'90

'91 '98

1890187118771900ISIS

DENOMINATIONS.Marbd Ihoi • it* In lalitull lor lalirMi

AaovntnsuUMllog

MlcnioAH (Jan. 1 '71)$9,843,0OO:BonewalLoan Bonds ,.

Two Million LoanWar Bounty Bonds ,

Ste Marie (;anal Bonds

MiNHiaoTA (Due, '70) $860,000:State Buildings Loans ,

do dodo do 1689...,

Sloox War Loan 1869

MiHsoDBi (Jan. 1, '71)$30,e66,000:State BondsBi.ndsof 18(i8

Bonds to North Mo. RRBonds to Cairo A Fulton KB.,Bonds to Platte Co RRBonds to Iron Mountain RR. .,

FaclflcRR8. W. Br. Kaciac RRS W. Br. Paciflc KB (guar)...Uanulbal A St. Joseph RR...,

NiVADA (Dec. 1870) $£0O 000

:

Bonds of 1867

N. Hahf. (Jan.. -71) $2,4O3,0CO:War Debt of July, '61-'6S

do ofSept. 1,'.864... .

do ofJuly 1,1866

N. JXBSST (Feb., '71)t?,896,500:War Bonds ori861(tax free)..

" 0fl8li.1(taxfree)" ofl8«4

160,0001,831,000478,00088,000

100.000100,00050,000

100,000

4^8,0003,7^7,0003 »63,00<

89.>,IIU0

604,0003,879,0006,419,0001,456,0001,569,0008,000,000

500,(00

899.JbO600,000

1,000,000

N.TOBK (Oct. 1870) $38,641,606BonntyFund Bonds, conpon..do do do , registered.

General Fund Bondsdo dodo dodo dodo do (no interest)

Canal Fund Stockdo dodo dodo dodo doCO do

North Caroliiia (Oct., '70)

:

Railroad Bonr s, oldCo do

Railroad Bonus, c«w... '.

do doFunding Bonds, since wardo do do

Other bonds do ...,do do do

Special Tax Bonds doOhio (Nov., '70) $9,735.0-,7:Loan due after 31st Dec, 1870

.

do do SlBt Dec, 1875 ,

do do 80th June, 1881.do do 8lBtJ)ec.,lS80 I

Domestic Bonds (Union Loan)'

Oregon (?cpt, '701 $10«.fi33 :

Rellefand Bounty Bonds '

Pbkn'a (Dec 1 '70) $31,107,168: j

Stock Loan (of 1840)Inclined Plane (ItMO)Coupon Bonds(1853)

do dodo dodo (1853)

Military Loan (1861)Stock Loan (1867)

, do dodo » dodo dodo dodo do

Rh. Isl. (April. '70) $3,916,600:War Bonds of !86»do do ofl863do do ofl863do do 011864

8.CABOiraA(Nov.'70)$7,066,90e:Fire Loan Stock (act. '88). ....

do Bonds (lien on Bank)State Honse rt'ks (acta '86-'63),

Blue R dge RR b s (act '64) ,,

Conversion stock of 1868.Funded debt of '66. . .

,

Bonds 1868-89

Tnncissi>,(Oct. '70)$.78,689,603

:

Bonds loaned to BR*8.,ete. .*Bonds endorsed lor BB's., etc*Funded Interest(new bonds) •State Bonds (debtproper) *

do do I doJ

do do ( do ) *All int. unAinded to Jan., 1871.Bank of Tennesfee Notes

V'ERXOHT (Feb.. '71) $l,998,f<IO:War LoanBonds, coupon ,

do do reg

ViRoiKlA, Jan. '71 (47,390,839)

:

Old Bonds, oonponOld bands, registereddo do do

Ola Bonds, sterling conponFunding Bonds, 18(!8, conpondo do reg'SteedCO do 1867crnpon.do do Sterling

Interest ftindable, due Jan. '67.

Interest on above to Jan. '71..

1,309,9001,002,900693,400

1,478,00031,089,0001,910,C82RO,0UO900,000848,0(051,500

3,567,9006,160.11*

3,099,00047S,000(80,000

i,;o«,4»o

4,788,8008,639,4003.6'lt!,000

1,789,(011

3,417,4001,7:2],400

883,000100,OCO

ll,407,0p0

1,984,317l,6('O,00O

4,C%,3093,400,000

S(1H,675

1C6,C83

56^,410400.000884.000113,001'

8,106,000373,000

3.769,3604,781,800

93,8S07,890,660

90,40u9.387,060736,960

l,lon,000

389,000756,000841,000

808.343484,000

l,479,f»3

970,00064,100

1,181,7003,ig3,K0

IN FERnrr.

16

S664«6S68K6566

6666

85

{>•/•

34,008,5003,179,0004,089,608 61,706,(KI0

339,166 5)41,398,6404,19:,8»11,500,000 ....

Jan. A Jnly Itrndo n-tt

May A Nov IHtOJan. A Jnly 1879

It

Jan. A Jolydodo

Hay A Nov

Jan. A Jnlydododododododododo

Jan A Jnly

Jan. A JnlyMar A Sep.Apr. A Oct.

Jan. A Jnlydodo

Jan. A Jnlydododododo

j.,a.,j.&6.Varions.

Apr. A Oct.do

JnneADec.Jan. A Jn'y

Jan. A JnlyApr. A Oct.Jan. A JulyApr. A Oct.Jan. AJnIyApr. A Oct.Jan. A JulyApr. A Oct.

do

Jan. A Jnlydododo

HayA Nov

Jan. A July

Jan. A JnlyApr. A Oct.Jan A July

doFeb. A Ang

dodododododododo

Mar.ASept.Apr. A Oct.Jan. A JnlyFeb. A Aug

Jan. A Julydododododo

J.AJ.A AO

Jan. A Julydodo

Apr. AOcl.dodo

1,098,000!301,OM)>

11,108,000!al,6l7,5TS|

I8,tl'<"

!,8(r;.coo!

1.478,ii0r<

1,896,6004M,ie(iwe,3B»

R

66666

•6

Jnn. # Dec.do

J«li, * JiiUdodoi'o

Jar * July

C-dL.

18TT1878IffW187$

laisurn74-'88•77-'»9

'89-'90

•74-'8B'7«-'8»

18761876

•7»-'8T

1871

•71-'78

'84-'8»

'71-'74

'70-'84

'86-'98

'97-'09

187718^7Will.18781876Win.

187318781874187518771814

'68-'«8

'68-'M'68.'98

'6S-'9U

1900180818881898

18701875188118861871

!'73-'8e

' -.870

1879isess

1883187718781871181118711877187718811881

1881188818981894

1870186877 '90'74-'78

lf88•OT-vr•su-'w

Long.Long.LnngVarVarVai

•n-'w

Lang.J-oig.L<'ng.I.fng.

Page 20: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

372 THE CHKONICLE. [March 25, ISTL

KAILROAD, CANAL AND MISCELLANEOUS BOND LIST.

Snbscrlbers trill confbr a great favor by slvlns as Imraedtate notice ot any error discovered In our Tables.Pages 1 and 2 of Bunds ivlll be pabllsbed Next week.

CONrPANIES. AJtU CUiKAC-

TEB OF SECHBITIES ISSUED

For a full explanation of this

Table K« " Uallroad Monitor"on a preceding page.

AmountOut-

standing

Railroads i

Jloitlt it Ohio (Jan. TO);

!8t orlKaKC ""'ling (

l»t Moi-tgiiiic. sterling )

lutcrest BondsIiiteri-et Hoiids, sterling

> liondsmoiin' lionas :\'at,\

Vtbiie ,t iloiits/omeri/ (Mayl, 89):

l9t Mortgage .- _,^Montgomeru <6 EHfula (IdBT., ^l)!

Ist M.en .or=ed y Ala.do do oflSTO

Jfnri-ia it Knsex (Jan., '10)

:

l5t Mortgage, ninklng fnnd2d Mortgage.Convertible bondsConstrnetlon bonds ..... ... -

A'asAii. ttCiuitlanoogiUJaiy 1, 8»),

Ist Mort., endorsed by Tenn....

Ifmhville <e Decatur (Oct. 1, 68)-

1st Mort. (State loans)Sd Mortgage...........Income (Tenn. & Ala.)

Nauaatuck (Feb., 'Jl):1st .Mort. (convertible) 1956...,

Newark tt New York (Jan.. '70):

Ist Mortgage, 18«7 .v V-V,'mwburg a New Yorl: (April, '70):

Ist Mortga,ire unar. by Erle.^. .

.

Neic Haven <t Dirbi/ (Jan. 1, 'TO):

5,470,000

i.isi.eoo

868,003

1,800,000

7U.nio830 000

5,000,000s.ooo.noo600,000

2,00),000

1,545,000

3,468,116sun.000305,000

iao,50o

eao,()Do

250,000

500,000

1,000,000400,000

DTTSBSST.

2d Loanid Loan . • ,. •

N. J. S-iUhem (Del. ft Rar. Bay):let Jlortgago. tax free. ... . .....

.

New TMtflon North. (March, '71):

Mortgage BondsIst Mort., extensionConvertible Bonds

ft. Or!.,J.<tOt.Nort>i.(Ter)..'Ky.Ist Mort. for »3,00O,0(B (1850)....

2d Mort. of 1860liew York Central (Oct. 1, '89):

Premium Sinking FundSinking Fnnd (assumed debts).Bubscrlption (assumed stocks)

.

Real EstateIteuewal 'londs

New Tori li Harlem (Oct. 1, '09):

IBt Mortgage of 1853ConsolidaTed Mort. of 1868

NiW York it .V. Haven (Apr. 1, '70):

Ist MortgafjeN. T. tt 0>twego Sfidland :

1st Mort. isolil)^ fw 7ork,Prov.itBost.(.Sep.l 'TO);

1st Mortgage....Improvement ...

KxtenslonNew Bonds 1S69. __

tiorfolk it Petersburg lQet.Uti):l8t Mortgagel«t MortgageFunding Mortgage..;2d Mortgage for .$500,000

North Cnroiiiiii (Arirll, 'TO):

nlort. Bonds (various) '»r-'68..

Bonds of 1857tiorlhemtern (March 1, '70) ;

Ist Mortgage2d MortgageFunded Interest (eertlflcates) .

North Misinuri fMarch, '71) :

Ist Mortgage of 1865

2d Mortgage 01186*81 ^lortxiige

North Penmi/lcanla (Nov. 1, "09):

Ist Mortgage3d Mortgage3d Mortgage

tlorthern Centra! (P'pb., '71):

Ist Mort. (State loan)2d Mortgage (sink, fund) coup.3d Mortgage («ink. fund) coup.Sd Mortgage (?. & C. UR guar)Consolidated Mortgage, gold ..

Income conv. coup, bonds, 1870.

Northern, A. H. (Apr. 1, '70)

:

Company Bonds of 1854Korthern New Jeraey (Jan., ':0):

1st Mortgage (guaranteed)DOriBlch it Worcenter (Dec. 1, •69):

Ist Mort. (Mass. loan) s'k'gfundConstruction Bonds

OgdenJib. d L. Cham. (April, "il):

Equipment Bonds (tax free)...

Ohio £mutmipff (March, T!)

;

- • ^'-Dl -,M Mortgage (W. Dlr.)

Whenpaid.

iBt .Mortgage >;; -i- --,v,

,

N. Baneii <t Northamp.i* ib., 'TD;

'rt Mort 1869 -..•Bond- I'.jnv rl., tree State tax,

Jfeio Jei'«ei? (J»n. 1 'TO): , „„,_,Iftil.oan 800,UWl8i_L,oan

450;000iuu,ooc

2,000,000

60,000300,000291,500

2,741,0001,168,000

6,»l«,68e

1,514,000592,000162.000

3,900,000

3,000,000i,7(n,ooo

1,059,500

20,000p.m

163,000100,0001250,000

512,000

157,000903,000J3,0U0

290,000

490,500. 61,500

TOOWl145,000108,048

6,000,0004,000,000

5,000,000

2,275,000860,000811,500

1JOO,000l,»i)3,0OO

1,223,000^,000(01^ 000

4;5,oao

115,000

M.ftK.M.ftK.>'.&N.M.& N.M«SM.&N.

M.ftS.J. &U.

M.ftK.F.*A.J. ft J.F.&A.

J. ft J.

J. ft J.A.ftO.A.ftO.

J. ft J.

J. ft J.

J. ft J.

M.ftH,

J. ft J.A.ftO.

r.&A.F.AA.F ft A.

400,000124,500

500,000

2.050,000850,0005.U,000221,500

2,761,0001

105,000

l»t Mortgage (W. Dlv.)M Mortgage (W. Dlv.)Income Mortgage OV. Dlv.) ..

g?™o"';Mo;t.-steri'<"-W 800.000

OU creek A Allegh. R. (Feb., TO);ist Mortgage 8,1TOJ)00

aid Colnnijii Nerrport (Mar., Tl):Company BondsCompany Bonds -

Company BondsOrange, Alex.cf-.tCanaa.fOct.l.'W):Ist Mort. (O. & A. BR.) 1859 ...

.

4d Mort. exton. (O. ftA.) isr...

3d Mort. oxten. (O. ft A.) 1858.

.

4th Mort. exten. (O. ft A.) 1860 .

Ist Mort. (O.. A . ft M. KR) 1867.va. Loan (34 v'rs) s'k'g Td, '58-9.

Omgt Vallev ('.Ian. 1, TO):Ist Mortgage, 1861 (5-20 years)

Oimtdo it Home (Jan., '71);

1st Mortgage, guaranteedIncome Bonds

thfimn <t Si/racuet (March, Tl):Ist Mortgage ....3d Atortgage"^inpof Mhtonrt (Mar.'

i',

"'TO):'I«t Mortgage (gold)Mortgage Construction BondiManama (Feb,. 'ID:

ist Mortj?age. sterling . .

.

d Mo:-*ga^5, sterling,(»•»•• I uiortga«u, lUrllBg""

1,888.000458,000

1,000,000

400,0001,130,500573,5003S1,TOO708,000

300,000

850,000300,000

112,000875,000

tfiOOflOa!B4,T78

MjmTI0,a68

Wherepaid.

MobUe.London.Mobile.Lppdon.Mobllo.

New York

New Jork

New York

New York

New York

Nashville.

Brldgep't.

New York

New York

N. Haven.

N. Haven.

.'Jew Vork

New York

188B

183S

1900

191418911900

•90.'M18871870

1876

1887

13991880

ins18181387

J. ftD.A.ftO.J. ft J.

J. ft J.A.ftO.

M.ftN.F.ft A.M.ftN.M.ftN.J.ftb.

M.ftN.F.ft A.

A.ftO.

J. ft J.

F.ft A.J. ft J.M.ftN.J. ft J.

J. ft J.J. ft J.J. ft J.J. ft J,

M.ftN.M.ft B.

M.ft B.M.ftS.J. ft J.

J. ft J.A.ftO.A.ftO.

J. ft J.A.ftO.M.ftN.

Q.-J.J. ft J.A.ftO.J. ft J.J. ft J.A.ftO.

A.ftO.

J. ft J.

J. ft J.J. ft J.

J.ftJ.

J. ft J.J.ftJ.J. ft J.A.ftO.J.ftJ.J.ftJ.

COMPAXIES, AND CHABAC- :

TER OF SECURITIES ISSUED|

N. LondonNew York

K.Y.ftLonNew York

Now York

New York

New York

New York

New York

ShoiwN.C.

Charlest'n

18711B8S1871

18761883

18781898

1915

1894

"re-IB1876S91

lo

18TT181718121898

•72 181867

186918681875

Niw York

sew or-

Fhlladel.

AnnapBaltlra

18931888

F.ft A.A.ftO.M.ftS.

M.ftN.J.ftJ.M.ftN.M.ftS.J.ftJ.J.ftJ.

J.ftJ.

M.ftN.r.ftA.

M.ftN.M.ftN.

F.ftA.J.ftX

A.ftO.F.ft A.A.ftO.

HarriBbuHT

Boston.

New York

Boston.

New York

It

London.

Phlladel.

Boston.

New York

RichmondAlexaud'aNew York

New York

New York

NtwYork

N«w York

London.

18771896

Trred1885

I 1900187719001880

1874

18711871

1879

187318731874188218981898

18..

187118751876

18781875187318801883

'92- '93

19181891

1»-'801886

18761873ItM

AmountOut-

For a full e.xplanatlon of this standingTable see "Railroad Monitor"on a preceding page.

Railroads :

Faternon it Neicark (Jan. 1, '69);

iBt Mortgage, guaranteedi enns/jlvanta (April, •70):

1st Mortgage (Penn. BR.)'id Mortgage (Penn. BR.)M Mort. (Penn. BU.), sterling .

6ener.-il Mort. (Phil. toPittsb.).Gen* ral Mortg.tge, new, coup.

.

do do new. regist'd.State works purchaseShort Bondi (debentures)

PenTieulvania dt N. }'. (Nov., '69):

iBt Mortgage, guaranteedPeoria it Bureau Vol. (Jan. 1, '70);

Ist Mortgage, guaranteedPeoria Pek.itJacksonv.i3&a.l,'10):1st Mortgage

Phlladel. a Salt. Cent. (Nov.,1st Mortgage

.

'69)

ISTXBI8T.

rmadelphia it Erie (Feb. '70):

Ist Mort. (Snnbury & Eric RR.)ist Mort. Phil, ft Erie (gold)...

CO do ao(currency)2d do doM do '!o

Philadelphia <t Read. (Dec. 1,'70):

Loanofl861Loans ot '43, '44, '48 and '49

Loan of 1857, convertibleLoan of 1836, sterlingLoan of kSS6, sterlingEast Penn. 1st M. Sink. Fund..

.

Loan of 1836, sterlingLoan of 1868Lo8nofl868loan of 1870 (»5,000,000) conv...

PMla.,Wttm. it Ball. (Nov.1,'69):Ist Mortgage, convertibleLoan of 18«6Loan of 1867

Pttteb., Oln. dtSt. Louis ( J ep., '69):

.

1st Mortgage1st M. Steuljenv. ft Ind. rc-org.Col , ft N*iwark IHV. Bonds

PIttfburg dtConnellmi. (Feb., '70):

1st Mort. (new) tree Ptate tax.,

1st Mort. (Turtle Cr. Dlv.)City & ' onnty loa:;s

PItlsb., Ft W. tt CMC. (Feb., '71):

Ist Mortgage (series A).

'

Ist Mortgage (scries B)

.

1st Mortgage (series C)

.

Ist Mortgage (series D).1st Mortgage (series E).Ist Mortgage (series F,2d Mortgage (series G) .

• iK)

.

2d Mortgage (series2d Mortgage (series I},. ..^^2d Mortgage (series K) . Eg «

2d Mortgage (series L) .

2d Mortgage (scries M)

.

Sd Mortgage J SBrldgeiO. ft P. RR.) Mort.. 58.

P.FT W, & C. cons'rnc bds'67.Equip. Bonds of 1869, tax free.

.

Placerville dk Sacram. (Jan. l.'TO):

1st Mortgagelet Mortgage (gold)

Pert Huron it L.Mlch. (Nov., •70);

ist Mort. (gold)Portland tt Kennebec (Jan. 1, •71):

1st Mortgage extended, 1863...

Consolidated Mortgage, 1865..

Funded Interest, 1868Portland it Rochester (Feb.. •71):

Ist M., S. F., 1867, on E2M miles.1st M., '870, equal lienProvidence** worces. (\'ar'71)

Readlnn ,t Columbia (Mar., '71)

:

Ist Mortgage 18622d Mortgage 1864

Rensselaer tt Saratoga (Oct.l,'70);

Ist Mortgage2d MortgageIst Mort. (Sara, ft Whitehall) ..

IstMort. (Trov.Salem&Rutl'd)Glens Falls BU. Mort

Richmond tt Danville (Oct. 1. '69):

State Sinking Fund LoanBond guaranteed by StateConsol. Mortgage, couponConsol. Mortgage, rogRoanoke Valley RR. Bonds

Rlchm. dt Petersburg (Oct. 1, "70):

;IbliIst Mort., convert2d .Mort., coupon and reg,3d Mort. of 1870. coupon

Roclif.. R. I. it St. Louie (Jan.l'70):1st Mort- (gold) convert,. Tee

Rock Isl. it Peona (Mar. 71):

Ist Mortgage on SOX '-'lies.. -

Rome.Mat. itOgdenst}. (Feb., 11):Sink. F'd Mort. ( Wat. ft B) '58. ..

Guaran. (Pots. A Watert'n) •SS.

Sink. Fund Mort. (general) •ei..

Rutland it Lurlington (Jan. 1,^69);

IstM. (conv. Into Rut. prof. st^k)2dM. (conv. Into But. com. Bt'k)

Sacramento Valley (Jan. 1,10):Ist Mortgage (gold)2d Mortgage (gold)

». Jos. it C. Bluffs (See Kan. CtA, Joseph it Denver City :

let Mortgage (goM) tax free..

SI. L..AII. it T. ff««(e(Jnlyl,'69).1st Mort. (series A) sink, fund .

Ist Mort. (series B) sink. fund.

.

2d Mort. (series C)SdMort. (scries D)2d Mort. (Income)

SI. Louis it Iron Mt. (Jnlyl, '69):

Ist Mortgage.«. L.. Jacks, it Chic. (Feb., "71):

Ist Mort. (guar.) 1864, tax fVee..2d Mort. (guar.) 1868, tax ft-ee.

.

St. Louis and Southeastern :

IS' Mort. conv. tax free (gold;St. Louis it St,. Joseph (Apr. 1, 10;Ist Mortgage (gold)

8t.L.,Vand. S T.Uaute (MlstM.:skgfd(guar.) ...2d M. 8kg fd (guar.)

at.Pavl it /heist Dlv.(Jan.l,'70);IstMort. (10 ni.) tax freeiBtMort. (St. P. to W«t»b,80m.)ad Mart. Oud grant)

800,000

4,973,0002,591,0002,283.840i:,S26,500

2,000,000

6.082,538

1,114,224

8,000,000

600,000

1,000,000

800,000

1,000.0003,000,000

2,000,0003,000,000

S.598,000

100,0001,521,000148,500182,400976,' 00495,900288,000

1,121,!100

2,700,0002,638,000

853,0001,000,000935,000

6,208.0003,000 000775,000

4,000,000400,000

2,894,100

815,000875.000875,000875,000875,000875,000860,000860,000860,000860.000860,000860.000

2,000,000153,000100,000

1,000,000

225,000625,000

505.000

224,800790,20022,648

650,000140.000800,000

660,000850,000

150,000450,000400,000500,000

125,000

600,000161,600

1,298,000406,500127,600

13.500130,500175,000

9,000,000

1,500,000

796 900

843,000«,a,500

Whenpaid.

•71)

:

400,000329,000

^t. Jo. ft

1,500,000

1,100,0001,100.000

1,400,000

1,400,0001,700,000

4,000,000

2,S6S,O0O360,000

16,000p.m

1,000,000

1.900,000

2,600,000

130,000700,000

171

11

1010C.B)

Wherepaid.

J.ftJ.A.ftO.A.ftO.Q.-J.J.ftJ.A.ftO.A.ftO.Q^t'Iy.

J.ftJ.

A.ftO.A.&O.A.ftO.J. ft J.J.ftJ.

J.ftJ.J.ftJ.J.ftJ.J.ftJ.J.ftJ.M.ftS.J. 4 J.A.ftO.A.ftO.J. ft J.

J.ftJ.A.&O.A.ftO.

F.ft A.

J.ftJ.F.ft A.

J.ftJ.F. ft A.M.ftS.A.ftO.M.ftN.J. ftD.J.ftJ.F.ft A.M.ftS.A.ftO.M.ftN.J. &D.A.&O.M.&N.J.ftJ.M.ftS.

J.ftJ.J.ftJ.

A.&O.A.ft O.A.ftO.

J.ftJ.A.ftO.J.ftJ.

M.ftS.J.&D.

J.ftJ.J.ftJ.M.ftS.M.ftN.J. ft J.

J.ftJ.J.ftJ.M.ftN.M.& N.F.ft A.

J.ftJ.J. ftD.A.ftO.

F.ft A.

F.&A.

M.ftS.J.&D.J. ftD.

F.ft A.F.ft A.

J. ft J.F.ft A.

New York

Phlladel

LondonPhlladel.! hi adei.

Harrlsb'ift'Phlladel.

Phlladel.

New York

New York

Phlladel.

Phlladel.Phlladel.

Fhlladel.

London.

Phlladel.London.Phlladel.

Fhlladel.

Phlladel.

Baltimore.New York

New York

18..

1880137518751910191019101890TO-Tl

18..

F.ft A.

J.ftJ.A.ftO.F.ft A.M.&N.M.ftN.

F.ft A.

A.&O.J.ftJ.

M.ftN.

M.ftN.

J.ftJ..M.&NM.ftS.J.ftJ.J.ftD.

PlillodelNew York

San Franc.

New York

Augusta.Boston.Augusta.

Boston.

Prov.B. I

New YorkColumbia.

T'oy.

New York

Now York

Richmond

New YorkN. Y.& 1 .

N.Y.orLon

N.Y.ftLon

New York

New YorkSncram'to

N.Y.orL'r

New York

New-York

New^York

New Yorl.

New York

New York

N»w York

1891

1811188118811886U20

187118801886188018901888

'72-11

189318931890

188411-161887

1913191319121912191319121812181219131912191219131913187«188718T4

18941894

188818961898

188718871880

1884

1378'80- •81

188618901894

•8T-^8815-1816- ^90

15-'90

181518781880

1900

18801i-141891

18681888

18151881

1894189418941894

1S92

18941898

1895

ISB

1^l'«S

1891

IIS

I

Page 21: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

Atarch 25, 1871.] ttiK OHlioMicLii. ars

RAILROAD, CANAL AND MISCELLANEOUS BOND LIST.

anbavrlbara will eoBftr a sreat ravor by kIvIiik uh Immediate notice of any error diecorered Im our Tables.Pasee I vnd 2 of Bond* will be pnblUbed next week.

OOMPANIBS, AND CHARAC-TER OF SKCUKITIEB 18SUKU.

For > full expUnatloQ of tbliTtbia M4 " Kallrotd Monitor'on ft proo«dlng pft|C«.

Ballroadet

Qenartl Mort,, for . . .

u«li«r*l Uort., •terling.

.

Ul Mori., Wast, re, rorl«,000,0(W3d M..W. line (laud) rori;iiu(W,(M)

».J\iulJt StouxCMu (Mar.^ II)in tlort. for titfiif) per mile .

lit MorlKiuie. new, UM_Savaiiftuh A Ckartnlon;

let Mortueirt' !8lMStabairii A soaaott (Jan. 1. 'N)ilet Morljiage8d MortKam

fchna, MarUm A MempMt

:

m Mort. (Kold) irnar. by Ata.,.Hlma ,e JttruUan <Apr. 1, 'U>:Ul Mortgage:£d MurtgageSd Mortgage

flma-ltoimitOaUon (Ke"., 71):l«t Mort. (Ala. * Tonu. Rlvere)ad Mort. (Ala. & Tenn. RIvere).Oon. Mori. toTfijiXiojM), tux tree

SlUlfOokiH >-. it Potuc. (Nov., 'lit)

let MortKatfc gtiarAnteedghtbougun. <t F. <iu i^c(Mar.l,*;i):

let MortgageortgageaiouzCUi/ AFacitlc (Feb., 71)y .- . - - . .

Itt Mort. on Ids milea (coupon).ad Mort. (Koverniu. subBldy)...

aomtrtet AiCttmtlM: (Jan. 1,70}Ul Mortgage .

ad Mortgage§o<Hh Carolina (Feb., 71):aterling loan, £iS!j913 lOtOomesttc Bonde (H)i>ome«tlc Bondi (U)Domeetic BoDd9 (I)Domestic BondF (K)Domestic Bond? c i«pecUl) . . ,

.

Real Keiae Sonde, Flet Mortgage t- ouda, L

aautlum Ctniras S t

ao'itlt it N. Ala^'unia Feb., 71);UtM..eDd.t>y .t':>.,133mfiUIA Slunt 1 1) I'C. I, '69):

let Mortgage ..

A>ulA Side. L. I. (Oct. 1, 'est)

:

let Mort.;;t.* eSouth SUt, V 5. (Oct. 1. "69)

:

Consol. M . I UI pruf.) for *TO9/XX)Coniol M . ( Al pref.) for fesuOOOConsul V( . ; t« prer.l for {MO,000Va. State Loan (suspended)—8d Mort. Petersburg guarantee8d Mortgage

Southern Minntnota (Jan. 1, *60);

1st Mortx^ge, lU-'iO yearsSouthic. lacTncorMo. (Jap.l,'e!l):

1st Mort. (gold) t3S,iM0 per mileSotfth'reMem, Oa. (Aug. 1,

""^-89):•ni»iuy Bonds

Mi]i -.-B HR -.unds8l.i:.n /.land (Oct. 1, "SSI):

let MortgageUa-ung Mountatn (Oct. 1, lit):

l»t Mortgage .^. ,

Summit Branch (Dec. 1, TO)

:

l9t Mortgage .

- (JaiSiilUran (Jan. 1. 7U):1st Mortgagead Mortgage

Suuex (Jan. 1, 70):

»TOC..»*»lf.'i'Al'r.'(OotlV'<l»)!lit Mortgage

lerreUaut* Bb />i<l'poi<ii(Feb.,71):

MorigageBonisof 186«lol'tPtortaA Trar«nwi(Mar.l,71):1st Mortgage (W. Dlv.)1st Mortgage (E. Dlv.)Sd Mortgage (W. Dlv.)Baalpm^l b' s of 180 conv.S.F.

lot., Wab.dt If'MMm (Jan. 1,70):lat Mort. (Tol. * llI.jTSni.i ....

1st M. (I.. Brie, W.4 St.L.,inm.)lit Mort. (Gt. Wtn,W.D.,10Om.)1st Mort. (Ot. Wt'n of '59. 181 m.)IslMort. (()uln.& Tol.,S4m.)..1st Mort. (III. A S. Iowa, 41 m.).•id Mort. (Tol. A W«b., 75 m.) .

.

ad Mori. (Wab. * W't'n, J87 m.)td Mort. (Gt. Wt'n of "SBilBl m.)BQulpment llonds(T.ftW.,1S m.)Consol. Mortgage (500 m.lconv.

Irou it lionton (Oct. 1, *09):

IslMortgagead MortgageSd Mortgage......CoaTertlble^Bonda.j

AmountUnt-

staudlnji

Iron Union (Oct. 1, *•»:

•ufv - -^_t Mort., guaranteed.

.

ad Mort.. gnsranteed .

.

Onion PactU (Feb., 71):

1st Mort. (gold), tax frt

Sd Mort. (government subsidy)Land Orant Bonds for (lO.tOO.liOO

Income Bonds tor (10,00 JOOO...

.

Union Paetfc.Cent. A-.(Jan.l,'N)lit Mort. (gold), tax freead'Mort. (government subsidy)Vn ^tct, E.THv. (Sec Kit'tas Pac)lm.I'acl.,S. Br. (-<>eMo. Kan.*IstMort. (gold), ns,000 p.m...IttMortgage !«ytrnont Ctnlrai (Jane 1, ;0)!

1st Mortgage (consoU)Sd Mortgage (eonml.)...^

^o do IM>><rmoiU <* Mai». (Mar.. 71) i

1st Mortgage, sinking fundBonds CO' vi-rtl !••, tax free....

VtrmotU Valltv (Feb.. 71):Ut Mortnm on U mllee (coo).1st MortgageadMorlswa

Hrnnia « 7n1st Mortgage

(Oct. 1, "my.

•d (enlarged) Mortsage..Mb Mortgage,- -'^Income Bonds

m.1,000..

MhM<Siaiai

,h Xlortgage (fbndlng).

.

itdredliwtlflc-

IKl'ito

VOfM

ifmsa

KO 'JO

tl7,000•attf)

00,000

1S,83aoa,ouoeas,ooo

838,900241,000

a.lMO.tOO

Tiofm

750,000

i,sa9,ono

i,«38,3ao

9»f0)330,000

1,403,01580«,900348,900

i,an3/)ao70,00030,00060,(IC0

800,9001,900,000

3,200,000

150,000

790,000

398^)0574.4004f>7,800

800.00031,70093,400

aOAlOpm

899.000800,000

300,000

890,000

301,000

900,000390,000

300,000

x.fnfix

800,000

1,800,0001,800,0001,800,000

40«

900,0003,900,000707,000

1,771,000900,000800,000

1,000,0001JO0.00OS,MO,000600.000

3,700,000

300,000300JIOO«ooAn437,000

ooojno•80,000

37,aS7,00O

«,<91,00010,000,000

1,800WI1,800/100

Tex.)4.2.>1,00D

178/100

8/100,000ijgoo/noIMO/W)

9m.ioo30O/I00

M/no114/0038tJ00

4M/XI0990.000m/noii»/mTia/woU3,«4«

Wli npaid.

Wliareptld.

is

h

,rU0Ml'AMIb8, tLiiU CHAKAC-TKli OK BKCntlTIKB ISSUED.

i.li.

J. A J.

J. ft J.

J.* J.

J.* J.J. A J.A.AO.

F.AA.

J.*D.

J.AJ.J.dtJ.

J.ftD.J.*D.

J.* J.A.&O.J. A J.A. AC.J.AJ.Nov.A.AC.J.AJ.F.AA.

J.AJ.

M.A8.

J.AJ.J.AJ.J.AJ.J.AJ.J.AJ.J.AJ.

J.AJ.

J.AJ.

Var.

J.AJ.

J.AJ.F.AA.

A.AO.

F.AA.J. AD.A.AO.J. A J.

F.AA.F.AA.A.AO.F.AA.M.AN.F.AA.M.AN.M.A N.M.AN.M.AN.Q.-J.

J.AJ.A.AO.M.AN.M.AB.

J.AJ.J.AJ.

J.AJ.J.AJ.A.AO.M.AS.

J.AJ.J.AJ.

J. AJ.AJ.

J. AD.J. AD.M.AN.M.A N'.

J.AJ.J.AJ.

A.AO.A.AO.A.AO.

J. A J.J. A IJ.

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

Londfii.New York

Neir York

New York

N'aw York

NewYork

^«w York

New YorkSelma.

NewYork

New YorkNew York

Phlladel

New York

New York

Au^ta.

London.Cbarlest'n

New York

New York

Boaton.

Brooklyn.

New YorkPetersb'g.

Now YorkPetersb'g.

New York

Boston.

Macon.

New York

New York

Fbiladel.

Boston.

New York

New York

New York

Now York

New York

New York

New York

N.Y.ABos.H(r'ght.AeBoston.

N.Y.AUoe.

New York

New Yorkntlea.

Boston.Boaton.

New York

New York

189(1

1800

laeo

1880ino

1838

19731861I SI

ina

18»t

18981896

19741878

78-8<71-73187488-tt•SMS1871'88-tl'83-'a8

1899

1890

1887

'84-'90

'84-'90

'96-'00

188770.'7»

•e-T3

77- '80

1880

1874

70.76

18731880

1879

1896188418861879

189018901871

1S!81871188818381907

188718861875

18781878

•«ll-"»9

-96-tt18881874

188318t«

18991878

1886189176-77l%t

,

186018101888

isa

iiin18891800Ti-'ao

For a run exDlanatlon of thl*Table u* '• Railroad Monitor"on a preceding page.

Baliroade t

)itcUhurg <t M»Ha. (Mar. l,"10)iConsol. Mort., 1st nlassCouso .Mort.,2d claia.Conso .SI, >rt., 8d classCoiuol. Mort., 4th claaa

Warrtn (Jan. 1, 70>;1st Mort., guaranteed

Wutchuttr <t PhUa. (Nov. 1, "Ot):

lat Mortgage, convertible(d Mortgage, registeredWut Jertn (Jsn.T, '70);

Loan 011888Loan of 1866, 1st Mori... . ,

Joli^tmori.onC.M. M. (III. 69.mi Short Bud. »v. (Oct. 1, ^69):

Ut Mortgage j..rael Wfmmtn (key 1, 70):IstMort. L.WWat*m, Ala. (Jan. 1, W):lat Mortgage, ana:

MarvlcautiVt . .

lat Mort., endoie. by Baltimore,f<aMm Marylcaut (Feb., 71):

lat Mortgage, anendoraed,3(1 Mort.. endora. bv Baltimore.ad Mort., end. by Wash. Coad preferred Mort., onendoraed

New Mort., guar, by Baltimore..

.

fatemraSfic:lat Mortgage (gold)Government lien«(. fmiuyltanla (Nov. 1, "OV)

:

lat Mortgage, gnaranteedWnt«m Union (Jan. 1, '69):

<st Mortg geWhiUhaU A Platttb. (Feb., 71):1st M. of 1868 on 86 mllea (coup)

Iflcomioo it /tooomolie (Jan. 1,71):latMortgage

WII.,ChnrT.ifRuth»rrd (Oct.,'89)1st Mortgage, new

WUmington 3 jRead. (Feb., '70)

:

latMortgagemimingum a Vtldon (Oct. 1, '69):

lat Mortgage, sterling .

BterllngBondsSinking Fund Bonds of 1807 ....

Street PaaeenEer R.R.BtMcker Sl.it FuUonT.iOct.l.'Uf.iBt Mortgage

Broadxciiv It 7(A Avt. (Oct. 1. '69);

1st MortgageBrooklm CUy (Oot. 1, '69):

1st MortgageSrooi.,iyo«^.<«.na<*'A(Oc.l,'e8);1st Mortgage

CmtralP.TX.A B. iilHr(Oot.l,'<9):latMortgage

Conty Itl. A Brooklgn (Oot.1,'69):let Mortgage

D'vD'k.EJraKayABat.iOa.l.fby.lat Mortgage

Eighth Avenue (Oct. 1, '69):

latMortgage43rf«<.<*(?rand»<./'«»Ty(Oot.l,'70):latMortgageReal Estate Mortgages

Mnth Arenue (Oct. 1, '6e)'

1st MortgageMcomI Acenue (Oct. 1, '09):

latMortgage3d Mortgage8dMortgaceConaolidated convertible...

Siah Avenue (Oct. 1, '68):

latMortgageThird Arenue (Oct. I. '09):

Plain Bo»ida(»„ (roe)

Canal i

Cheeapeake A DelttU). (Jone 1,88):1st Mortgage

Chesapeake A Ohio (Jan. 1, '69):

Maryland Loan, sinking fund .

.

Ouaranteed Sterling LoanBonds bavlng nextpreference.

Delauxtre Dttiuion (Feb., SI)

:

1st MortgageDelaware A Budeon (June, '70):

Registered Bonds (tax free)Registered Bonds (tax free). . .

.

Dela. A Haritan : Set Cam. A AmaneqfJtnntyltanta (Nov. l,'6i)):

latMortgageBonda for Interest

lehigh NwDlgation (Nov. 1, '6»>

:

Loan of 1878Loan of 1884Loan of 1897Oold Loan of 1887Convertible Loan of 1877

Uorrie (Feb. TO):lat and 3d MortgageeBoat Loan, alnklngftind

Permeylranta (F< b., TO)

:

lat .\<ort. tAX free g. by Pen. RRSchuylUU yarigatlon Oiov.l, '68):

latMortgage3d MortgageImprovement

AMf. A 7VM ICaMr (Feb., 70):Maryland LoanLoan of January 1,1818Pref. Interest Bonda

Union (Feb., 70)latMortgage

ITost Branch A StuQ. (Feb.,7D)latMortgage3d Mortgitge tax free

Wjtoming valley (Feb.,latMortcage

AmountOnt-

atudlng

TO):

HIaeellaneoDa >

.intar. Dock A Imp. Oo.iJui.l.'mn:Bonda (guar. by C. RR. of )'. J.)

OoneolldaUon Coal (Feb.. 71)

:

1st Mort. 8. F.. 30/XX) per annumPmnei/Hrtnia Coal: Mortg. B'da.Qfllckullrn- (Mar. 1. 71)1st Mortgage (gold)...3d Mortgage (gold)

iWfCUfMortgage Ho

r. Ontaa tittfpX

. Jaur Vbrta.' . .

roDda (gold)

833,90084*/nDlaa/ioo

i.ioa/w)

511,400

400/no9njoo

1 /no/wo816,900

•13,800

aoo/Ku

aoo/no400,000800/IUl30D/I0O400/100

900.000

1,970/100

1,800/X»

4/100,000

390/100

176/100

1>»/100

789,800

676,8*7197,777

710,000

Qnotatlo

6»4/X»

1,900,000

800/100

800/XlO

«a6/m

314/100

Too/no

308,000

aoo/no15/100

167/100

850,0003UO/100150,0)0

879/ICO

360/100

1,780/XlO

3/189,400

3/100,0004,373,000

1,690,900

800,000

lJ00/»0S/)00/»0boyRR.

748,664161,960

54,8009,696/1993,000,0005,000/XlO

1,496,379

783»0338,439

I/Ml /no

1,781,3184/n6,no303,900

1/100/100

835/)00

3,000/100

a9o/)oo39«,800

600/XIO

3/a)/)oo

64X00069«/)00

•rai-ooo

l/W/U

NtJW

677

na b

7

7

7

7

7

7

7

Wbenpaid.

Whartpaid.

F.AA.

J.AJ.A.AO.

M.A B.

J.AJ.A.A>>.

J.AJ.

A.AO.

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

MAN.

Varl.

F.AA.

J.AJ.

J. A J.

A.AO.

J.AJ.M.AN.J.AJ.

yC.K.

J.AJ.

J. A D.

J.AJ.

M.AN.

J.AJ.

J.AJ.

M.AS.

J.AJ.

A.AO.M.A N.

J.AJ.

J. A D.K.A A.A.AO.M.AN.

J.AJ.

J.AJ.

J.AJ.

J.AJ.

M.A N.J.AJ.

J.AJ.J.AJ.

J.AJ.

«.'-F.'jTad.J. AD.

A.AO.A.AO.

J.AJ.

M.AB.J.AJ.M.AN.

J.AJ.J.AJ.J.AJ.

M.AN.

J A J.M.AN.

J.AJ.

J.AJ.

J.AJ.r A A.

J. AD.J.AJ.

MAM.M-Ak

Pbljadel.

NewYork

PunadeU

Camden.

H

Kew York

N.YJl Lon

New York

naltlmore.

New York

FtalladeL

New York

New York

Pbllodel.

Phlladel.

London.

New York

Blatare, Bsan Street.New York

New York

Brooklyn.

New York

New York

New York

New York

Sew York

New York

New York

New York

Baltimore.London.

Baltimore.

Phlladel.

New York

Pbljadel.

Phlladel.

MM

Jeraei^Cltjr

Phllade

Phlladel.

London.Baltimore.

PhUadaL

PbUadaLM

PhlladaL

New York

New YorkM

New York

1IM

Page 22: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

874 THE CHRONICLE. . [March 25, 1871.

COMMERCIAL EPITOME.Friday Nioht, March 34, 1871.

General trade the past week has been only fair. There

appears to have been some over-trading in January and Feb-

ruary, for it would appear that of many staples, dealers still

have an ample stock, and the recent reduction in railway

freights has not been attended with the improved busines*

that was expected. The civil disorders in Paris have had the

effect to check the export movement in our great domestic

staples, and th's is a peculiarly disappointing circumstanc3.

Cotton, after some fluctuations, closes unchanged—Mid-

dling TJplands, 15^c. Breadstuffs have been unsettled, and

close weak ; Flour, 86 60@6 75 for shipping extras ; "Wheat,

$1 57@1 61 for new Spring; and Corn 84c. for prime new

mixed. Groceries have been quiet, except Sugars, which are

strong at 8f{g9^c. for fair to good refining,

In Provisions we have to note a marked decline for

hog products, with a dull closin:^. New Mess Pork, $21@21 12^; Prime Mess, $20 ; Prime Steam Lard, I2|@13c.;

and Short clear Bacon, lie. Statistics for the packing sea-

son show that 3,015,110 hogs have been slaughtered the past

season, against 2,592,301 hogs for the previous season, but

taking the greater weight into the account, the increiise is fully

sixty per cent. Beef has remained steady, but Cheese and

Butter have shown weakness mainly from a desire to clear off

old stocks.

Naval Stores and Petroleum have been decidedly more

active in the past day or two. Strained Rosin advanced to

$2 65, but refined Petroleum declined to 23^@24c. for im-

mediate and early delivery at t!)is market. Oils have been

without new feature.

Tobacco has been dull and prices close a little weak,

especially for Kentucky Leaf, of which stocks accumulate.

The sales of the week are about 500 hhds. almost equally

divided, shippers anJ home trade. Buyers hold off and it is

probable that with careful scrutiny, orders might be executed

at some concession from last week. At the same time, vihh

an easy money market, there is not much pressure to sell.

Quotations are 6@6^o. for Lugs and 7@9c. for common to

good Leaf. Seed Leaf Tobacco has moved off freely

but prices are almost invariably kept private es-

pecially for new crop, and we cannot afford a very

clear idea of the state of the market. The sales have been

325 cases old crop Connecticut in five dift'rireut parcels, all on

private terms ; 152 cases new crop Ohio en private terms,

SOO cases new crop Peni;sylvania on private terms, and 100

cases old Connecticut and Massachusetts wrappers at [email protected] tobacco has been in fair request, with sales of 42

bales new crop Yara to arrive, on private terms, and 600

bales Havana at 85@100c. Manufactured Tobaccj is steady.

Hides have been fairly active and firm. Leather in

steady demand. There was a large export movement in

Tallow to day at 8l@9c, mostly the higher figure for prime.Hops have been doinaf better for the finer sorts. Whiskeyhas ruled weak under large receipts. Fruits have been dull.

Cloverseod h^is declined. East India goods have been with-

out important feature. M-tals are dull. Wool rules very

firm. Domestic fleece and pulled are quite scarce, and the

business has been principiUy in California common andmedium qualities at 23i@27c.

Freights have been more active in the shipment of grainto Great Britain, and rates have slightly improved, closing

to-day at 5^@0d by sail and steam to Liverpool, but cotton

rates are lower at ^iSo-16d by steam, with the same rate bysail. The shipments of Breadstuffs and Provisions to theContinent appear to have almost entirely ceased. Cottoncharters have been active, and general business very fair, butthere are a large number of vessels in port seeking employ-oiant.

J M o* Q 00 as ^ ..J- eo -s* lo tr ws .-•^ r

i^ 5<S

Bxporta of liOadlnar Articles from Ne-w Vorli.

The following table, complied from Custom House returns, showsthe exports of leading articles from the port of NewYork since

January 1, 1871, to all the principal foreign countries, and also the

totals for the last week, and since January 1. The last two lines

show total values,mclndmg the value of all other articles besides

those mentioned in the table.

08.300 iioo-vec

if

31-

J3.-; aj Tfow '

Eh-^^ S So

a .

-"3f

aig,

;^"' s

sassgs

sssaijs

i; -s

"" "^ Jj • • •i4" ' ff*a

f CO 00 o) 00* t- 1- 1- c« • i2s?

'I"

M »

*i3 « o*.t2

mo '-

§ II

: : :S :

:S '.SS.

:

:a8S| : i :S :S :i

:s; '.5 ;|S| :

3^2^ *ooirf"atft^ •-r •^'V'^^««^'« CD gfi

3CO;do — t-c

5 ,-• .°> n.s . : :

O

« s§ : . :£ ft • . :

9CO ;t^<I t eo v cc c* y~i ta fS) '-s o >n 'i-ici• CO t- 55 1- eg 00 o* to w o • jc u• .-tC0»O CO 00 i-« lO Ol 11 •i-'O

••'••• "of • -j^ • -T^' • • • •

?2

l:iiS :S : 1? : !i I : iii :M^ i : :| : IRK 61

g S " "s•

is::

:SSS .-3

' :i* :«g

09

;3^ r-i 'lO '

F f-T *T-I '

P4

iiiiS ill : is i :JS|| :iSg :2SS :§ |§

' »to • -b- 'r^n *o*o ^>-t

£3 '

iSS : : :|

^ I' '"i

5MiAt- 't-o* . (N lO o "* '-' t- o * •ei5o>'<i'(0 . »5»-i

JgS S'^TOTOO^S

^.ajaja^a « » p

d E

la.

; . o:3

: :J>-.- _ m V OJ"3 -.Sofs

OQ V 0" B

8888'

I) U (C 01

•as

i

5gt3

mui-S

"a ]

asa•3-3

.2i-§i

Page 23: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

March 25, 1871.J THE CHRONICLE. 375

Imports of lioadlns Articles,• Th8 following tablu, compilod from Gufitora House returns •

shows tlio forol((n imports of certain lending articlus of cominorcoat this port for the last week, since January 1, 1871, and for the

oorreepondinK period lu 1870

:

fTho qtunttty l< given In paoksgM whan not otbwwlM q>eeUlad.1

For BIhmthe Jan.l,w«k. iini.

OhIB», Ulua *D<1BArtheowaro—China en

511 ia.«MKsriUeawu-e...turn l,m MJ4SQlutvar*eUupUM

641 •,i«}

If a,4i»ftattoos Ml i.iia

7»3 11,SMCoooK, bagtOoffes, banOottoD balei....

&,«U ja8.«io41 7U

DroK», Ac-Bark, Perorlan 1) 7.04

Sij 7.0MBrlmitona, tons 7J8CCochineal <! !,««Creaai Tartar.. ei mGambler mOuius.crude,...eani. Arable... "ii KMIndigo <: iMiMadSer « '^OlU.enentlal..Oil, OllTOOpiani

tif 4,«89n 445

Boda, bl-earb... *»)i »,«08oda,>al U1S. 11.! I«

Soda, aati 711 ICilfP»x 11 5.616^ra ISS l.ttt

'•55?donny clotbim 1.8(N

si.inHemp, balesHides, Ac- Hi

en i!4CSTSHides, drnesed.

India rabber s M,ai5.... 47

Jeweiery, Ac-Jewelry „ 151

161,519^14Watchea

Unseed 13,«>1 ISS.MOMolanse!. 4,151 21J01

Bam*time1870.

391Bll,l'33

2,87:i.lW

a,xii5.539

I79,':W415

I. .

5,704i,«atw658

5,461113771

:jut5SH85

2,115iSi

15,14"i

t.m0,7914809>UCM977

l»,9i8

IfS

5,S37

'%^

684

8»,5ia

For Bine*the Jan.l,weak. Itfil.

Sametini*1970.

Metals, *c-Cntlery. ..

Hardware ...

Iron. UK bars.Lead, pigs.,.,SpelterBleelTin, boxes...,Tin slabs, lbs

BansSugar, hbds, tcsf bblB

Sugars, boxes A„bag»TeaTobaccoWasl*Wines, Ac—Ctaainpac'e.bksWlnes.T:.

Wool.baleaArticles report'dby valoe—

CigarsCorksFancy goods....Fish...*Fruits, Ac-Lemons. ...

Oranges

NutsKalslns

Bides undressedBiceSpices, Ac—CassiaOlngerPepper

Saltpetre ....Woods-CorkFnsttoLogW04Xi ..

Manoganv

INmi

a.iM11JS9»,4(U5.51417,68)

45 587l,%l|

ii,tio

1.798

45,778458

4,901

1^

1.IH81.808

115 181IIS,UIU

1,551,871

148,IS:

8ro,i«'49,999

60,033

181,4338«.<I,W6

19,480

708

86,25730,1407,!i0«

til .703ijose

9.<«53,4M

8,70642.8 15

17,513

iio'.ioe

10,008

57,9188,4T!

1,064

2.606I.IM4."""

486

1,03515X8

13I,U583,6IU.091

Sl,*17101,141936,1172

16,IW

59,ir,2

174,269319,6.15

9,S68197

38,4:920jt«E

aasiset t3i3,969^,414 17,927

II8.7S8 418,961

110,»}8 188,949

60,90036S.ua:

363,711842.918

3.278.71013,-

1211.1^12

a3.i.*J

;fi,252

56,9US

55,31318,96F,

117,S8I

3J.70U

75.765399,453119,91810S,1«I,'J4-,92l

27,301

72,0755,2168.83458,863

ISr'SSS

11,114in4,62549.565

Receipts or Domestic Prodnce for tbe Week and sinceJanuary !•

The receipts of domestic produce for the week and since Jan, 1,

and for the same time in 1870, have been as follows :

Ashes...pkgsBreadstuffs—Flour .bbis.Wheat .bus,CornOauByeBarley.AcGrass seed

.

BeansPeasC. meal.bbls

Cotton. bales.Hemp. .bales.Hides ....No.Hops. . .bales.I<e«ther jidesMoletse9bblA.Navn: Stores-

tlr. tnrp.bb'.Spirits tarp.BoeinTarPitch

This Since Sameweek. Jan. 1. time '70.

174 1,897 3,023

53,182 8363W 536,33987,99 658.693 708389227A> 1,525,44! 819,11438,7tS 430348 603J85am 1,707 1,309

88.715 157,109 348 60616384 138,787 83888,004 50341 40.431881 8,092 33,023

7,893 99.861 96.18328.46C S53,'«6 316359

61 293 40113,408 105,381 94,7741,154 8.493 13,(HI

3U90« 6,88.153 690.207i.xn 40381 12,211

1302 3,46388 10,1".7 13 3.M

11.6S4 109,028 159,100St 4,3a 23,19>91 1511 1,387

Oil caku, pkgs...,Oil, lardPeanala, bags.. ,

ProvlsiouB—HuUer,pkge...,Cheese

,

Cutmeati ,

ESJcaPork ,

Beef. pkgB ,

Lard, pkgsLard, kef^s

Rice, pkesStarchStearlneSacar. hhds., Ac,Tallow, pkKsTobacco, pkss...Tobacco, uhds...Whiskey. bbU....Wool, balesDressed bogs Ko.

This Sinceweek. Jan.l.

87 4,593135 926

1.82; 32,351

6356 111,7877311 653485.633 Sl.MB18,416 66,491

8,461 89,7436,445 653035.702 103,971180 5,261480 6,426

4,000 40314419 0,807

12.02t

811 6J!227.45! 40,4I>4

1.901 9.14S

3,9:4 40,181

2.112 15.796

80,124

Sametime *70

12,727690

28,443

11139944,94149,88746,71753.6.16

44,78844.8S17517533441,9143,239228

7.47215,6968,00554,07421,0836;,299

COTTON.Friday, P. M., March 24, 1871.

Br special telegrams received by ns to-night from theSouthern ports, we are in possession of the returns showing thereceipts, exports, &c., of cotton for the week ending this eveningMarch 24. From the figures thus obtained it appears that thetotal receipts for the seven days have reached 81,426 bales against

102,484 bales last week, 136,5.'J3 bales the previous week, and 130,935

bales three weeks since, making the total receipts since the first of

September, 1870, 3,240,870 bales against 2,358,317 bales for the sameperiod of 1869-70, showing an increase since September 1 this yearof 882,553 bales. The details of the receipts for this week (as pertelegraph) and the corresponding week of 1870 are as follows

.

BSOKIPTS

Bac'd this week at—

New OrleansMobileCharlestonBavannahTexasTennessee. Ac,

1871.

333235,719l.;07113tU6,76113.HM

1870.

UOXIPTS

Bec'd this week at—

33323!3.711

;

1.S78

5.7597.6317.U1I

Florida bales.North CarolinaVirginia

Total receipts ,

Increase this year .,

1871.

78013936,438

81,42638,257

317856

3,831

58,16a

From the foregoing statoment it will be seen that, oompMedwith tbe corresponding week of last season, there la an increase In

tbe exports this week of 24,471 baleit, while tbe stocks to-night are

105,348 bales more than they were at this time a year ago. Thefollowing is our usual table showing; the m«>vemeat of cotton at

all the |>ort8 from Sept. 1 to March 17, the lateat mall date*. Wedo not include our telegrams to-night, as we eannot iostire the

aocoimcy or obtain the detail neoeesary by telegraph.

The exports for the week ending this evening reach a total of97,033 bales, of which 04,861 were to Great Britain, 4,985 Franceand 27,687 to rest of the Continent, while the stocks as madeup this evening, are now 624,419 bales. Below we give the ex-ports and stocks for the week, and also for the corresponding weekof last season, as telegraphed to us from the various ports to-night:

Wtek ending M'ch3l.

Mew Orleans..MobileObartoston..,.,BaTannahTexasNew York....Other poru...

Exported to—- Total tliU

O.Brit Contln't *«*''•

J63n

14355.7185,457143151,164

Total M361 83,673 97.0?3

ToUlSlnceBcpt. 1... l.TW^ 460,781 8.169.U7

16.06513*5

7390

6'37J

Same wHc1870.

6339313963,186183089,457303871,1(4

85,4437,1731,M!7.1194363143661,".96

2.S621467.TO1

Stock.

1871.

2630336136121363(6,28959383I1630O8530O

1870.

30i36166,1(619,29647.01487.2336O3OO36,ina

asoatrrtaiMoaisrr.l.

sxpoBTSD siaoa Mrr.l 10— Worth.F0BT8. Ureal

Britain Fruc*OlhcrForlgn ToUI. PorU.

•tMk,i4». I 1M9:

1114361 (t6.4St843306! 256346

885,1241853*4

6340 »i63'J26336 SS5JJ

128.277 m3itMobile M32I

397,443 191334 ll>3!4 • ••• 373*3 IM|3>1 V"Ai £73(6686.153 4^6.100 281316 70379 8523(6 318.611 »3a

Texas 198385 176,474 (0370 .... 14.610 K«M1 (i3«a 643MNewTork 168,989 6937e 416,797 6(6 86.961 464,984 IIO31IO

Florida 10371 li36{ ,^ .... .... 1.160 ,.,,

793I6 'Ofitt. It .... W 76.746 !!£Virginia 369368 170,471 2351 .... 2.9K 2(0381 (362Other ports 48330 «» 16313 14 847 8131* .... ttfioa

Total thisyear 8159,444| .... 1643,9:5 6,006 422,103 507.'381 866 «90 mjmTotal last year . ....^2300.148 9883M 2ia.'n3 349375 1696139 •S J1 481386

624,419 459371

ill: L

There has been a fair business doing tbe past week. For the

first two days prices were heavy and lower on all grades. Mid-dling Uplands closing Monday night at 14ic., and Ordinary at

lie, against ll^c. for Ordinary, and 15ic. for JSliddlings on Fri-

day. At this point, however, tliero was a reaction. On Tue8<lay

the Liverpool quotations becoming firmer, and tlie market moraactive, prices here, in sympathy with this improved tone, werestronger, and for the better grades, which are in comparativelylight supply, an advance of ic. was established. Wednesday,Liverpool was ^d. higher, the official quotation being 7|@7l4l.,against 7i'37|d., the previous day ; thereupon our market took afurther step forward, closing that day at 15id. for Middling Up-lands, 14c. for Low Middling, and 12ic. for Good Ordinary.Thursday, Middling Uplands closed at Liverpool at 17id., andhere at ISJc. But to day, with Liverpool a little less favorable,

the better grades are off in this market -Jc., but the other gradesare steady. The basis of the improvement here this week hasIjeen as noted above, the firmness and improvement at Liverpool,

which have much encouraged holders, especially as now the re-

ceipts are beginning to show a marked decline. Just at the close

of the month, too, the purchases to meet maturing contracts helpto sustain prices. For forward delivery prices have, in the main,followed the rates for Spot Cotton. There has been more inquiry for

March, and quotations are relatively higher. To<lay prices closed

for March, 14ic.; for April, 13 15-16; for May, 14c; for June, 14c.;

for July, 14ic.; and for August, 14ic. The total sales of this

description for the week have been 78,400 bales, including 100free on board. For immediate delivery the total sales f jot upthis week 22,110 bales, including 2,242 bales to arrive, of which4,817 bales were taken by spinners 1,808 bales on si>ecuIation,

15,885 bales for export, and 600 bales in transit. The followingare the closing quotations

:

Ordinary per lb.Good OrdinaryLow MiddlingMlddllnKOood Middling

Upland andFlorida.

11 «....13H«....li »....una....16H9....

Mobile.

;ix»....13X<»....14H9....15X»....16ii«....

NewOrleans.

ll^a....12X«....14ii««....l5Hia....16>«....

Texas.

11X9....18K»....US*....i5k«...,17 «...,

Below we give the total sales of cotton and price of Upland* »,t

this market each day of the past week :

Totalsales.

Saturday • I 1,4MMnnday 5,060Tuesday 4,S'<!

Wednesday 2,614

ihursday..., 43«4frlday I

8,565

Ordinary.

!1X®..11 a..11 »..11 &..11 Si..11 @.,

isx»....ISHO....iijim....14 «....14X»...14 a....

Good Low JMdlin*Ordinary. Middling. ""ddUng

12X0-...12H«....

12HO....I3>ia....12X»....

15 «..14X915 «.,i5xa..19).«..i5xa..

For forward delivery the sales (including 100 free on board)

have reached during the week 78,400 bales (all low middling or onthe basis of low middling), and the fallowing is a statement of the

sales and prices

:

?\^

For March,bales. cts.

300 13X1,000 18J<100 14800 UH

3,S!0....1300...,

7 000toUl March.

Kw April.2300 ISM3.000 18 9-16

6,800 18X30) :S1M6

5.700 13X300 18 13-16

9W 13«l.'OO 13 15-16

9,000 14

1,100 14 1-16

900 14X

cU.For May.

bales.l,loi 18K1300 18 9 16

2,701 )8K600. 18 U-li

l.TW \3%1300 I3»12300 14

400... 14 1-16

tOJ 14J»

3330O total May.

For June.400 .ISK800 13 9-16301 13H600 13 ll-lti

600 I3y100 18X

S30O 14Ml 14 1-16

1,100 14X

For July,bales. cts.

100 1S«100 18 11-16

13l« 13*(00 131S-I6

1.0UD I8XlOiI IS 15-16

1,800 14

100 14 1-16

330O 14X100 14 8-16

900 J4H

730O total July.

For Aagiist.800 18X400 13M100 13 15-16

800 14

100 14 116100 14X(00 UUm 14 5-11

balcff.

4t«..Cts.

..14»t

3300 total AugnsL

For September.30(' MM100. UN800 total Sept.

For Oacembar.ll» MX

For Janaaiy Un.100 HK

80,000 total AprU.6300 total June.

The sales during the week of free on board have reached 100bales. The particulars of these sales are as below

:

100 tree on board a> Mobile, Ksw York, Low Middling to strict Low Mlddllocat 13XC.: ll-Kc. freight.

The following exchanges have been made during the week:8-16C. paid to exchange 500 May for 500 July.

t-l(c. paid to exchange 30U April tor 300 May.

Weather Bbpobts by Tklbokaph.—Our telegrams to-night

indicate a decidedly improved condition of the weitthw th* pMt

Page 24: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

376 rilE CHKONICLE. [March 25, 1871.

week throughout the South. At Mobile, Charleston, Augusta,

Selma, Columbus, Galveston and Memphis they have had no rain

all the week, but the weather has been warm and dry, or as the

Augusta telegram describes it, delightful. At Nashville and

Montgomery it has rained one day, and at Macon two days ; with

those exceptions, the reports state it has been pleasant. Thethermometer at Mobile averaged G3 ; at Charleston, 68 ; at Mont-gomery, 65 ; at Macon, 04 ; at Selma, 70 ; at Galveston, 69 ; at

Columbus, 63 ; and at Memphis, 60.

The Next Crop.—The prevailing opinions as to the extent

of the planting for the next crop appear to be quite diverse.

The New Oi leans Price Current, for instance, in its , issue of

March 18, states that " low prices cannot stop cotton produc-

tion ; they viUl possibly increase it." The planter " will plant

g;or crop enough, to bring him as much income at six cents

a pound as ho receives for cotton at twelve cents." On the

other hand, a correspondent in the same paper. In speakingof Mississippi says, that the situation in tJiat State is peculiar.

"1. The cotton crop has increase- 1 about thirty per cent ; 3. Thefactors cannot collect their advances ; 3. The planters are unable

to command supplies ; 4. The laborers are, in many instances,

without food." The information this correspondent gives

only confirms what we are receiving from divers other sections of

the South. Now, it strikes us that this condition of things, if cor-

rectly stated, is incompatible with the idea of another planting

equal to the last. For if an increase of the crop this year 30 per

cent., with a decline on the plantation to 11 cents, results in so

great a loss that the " factor is unable to collect his advances,"

while the credit of the planter is wholly need up, so that he can-

not even command food for his laborers, howmuch betteroff wouldthe planter be if he were to raise a larger crop and sell it at " 6

cents per pound," as proposed by the first writer. This is thequestion that must present itself to the Southern farmer, and if hehas the wisdom we give him credit for, ho will (unless he canhire his labor at lower rates) turn his chief attention to fatteninghogs, and raising corn and wheat to satisfy the hunger of thoseempty stomachs. Wo have not as yet any definite informationwith regard to the extent of cotton cultivation. From the abovefacts, however, one would naturally conclude that the planter willhave no desire to produce a large crop, or if he have the desire,that he will find it diiBcult to obtain the necessary fiinds. Whe-ther this conclusion will prove to be correct, we dare not under-take to say. Only one tiling is as yet assured and that is, as westated two weeks ago, very much legs money will be spentfor fertilizers.

Gunny Bags, Bagging, &c.—Cloth has ruled very quiet sincethe date of our last report, but much confidence is exhibited byholders, and prices are firm at 12ic., gold, in bond, for East India,

at which figure 150 bales are reported sold on the spot. We also

note the sale of 100 bales Bjrueo at 12fc., and 100 bales Native,deliverable in Boston the fi'rst of June, on private terms. Bagshave ruVed dull, and sales are confined to jobbing lots at 16c.,

currency, duty paid. Hemp is dull ; we only hear of 300 balessisal sold on private terms. Jute has met with a fair demand, andrules firm; sales are 750 bales on spot here at 7c., currency, 1,000bales " M. C." to arrive in Boston per " Nonantum" at 6|c., gold,and 300 common on spot at OJc, currency. Jut^ Butts are insteady moderate demand at full former prices ; sales are 600 balesto arrive at 4c., currency, 500 bales at 8Jc., currency, and 1,000bales on spot at 4o., currencj.

Movements of Cotton at tub Intebiob Ports.—Below wegive the movements of cotton at the interior ports—receipts andshipments for the week, and stock to-night and for the correspond-ing week of 1870

:

-Week ending Mar. 84, 1870. -,

Receipts. SEipmunts. Stock.1,931 2,43.5 22,465Augusta 2,l0l

-Week ending Mar. 84 1871.-

Recelpte. SHlpmenui . Stock.

Columbus .

MaconMontgomery.

.

SelmaMemphis. . .

.

NashviUe

429627702535

7,6141,313

2,8191,869

1,443

1,930

1,145

10,4971,687

21,521

8,8759,1606,886

5,390

34,0877,462

524568223426

4,501

732

235 12,9361,342 14,404865 10,835915 5,393

8,897 18,448660 6,088

13,331 21,190 93,881 8,904 15,249 90,554

These totals show that the interior stocks have decreased duringthe week 7,889 bales (being now 3,327 bales more than for thesame pBriod of last year), while the aggregate receipts are 4,417bales more, and the shipments 5,941 bales more thau for thecorrespoading period of 1870.

Visible Scpply of Cotton.—The following table shows thequantity of cotton in eight at this date of each of the two pastseasons: 1871. 1870.

Stock in Ijiverpool bales. 780,000 871,000Stock in London 79,147 63,874Stock in Glasgow 300 800Stock iti Havre 43,450 62,800Stock in Marseillas 4,000 7,806Stock inBromen 9,250 9,600Stock rest-of Continent 25,000 25,000Afioat for Great Britain (American) 340,000 . 292,000ifloat for France (American and Brazil) ... 4,613 69,642

Total Indian Cotton afioat for Europe 168,000Stock in United States ports 624,419

Stock in inland towns 93,881

131,260

459,071

90,554

Total 3,169,959 1,672,307

These Qgares indicate an increase in the cotton in sight to-night

of 597,653 bales compared with the same date of 1870.

The exports of cotton this week from New York show an in-

crease since last week, the total reaching 25,931 bales, against

15,359 bales last week. Bolow we give our table showing the

exports ol cotton from New York, and their direction for each of

the last foar weeks ; also the total exports and direction since

September 1, 1870 ; and in the last column the total for the sameperiod of the previous year :

Exports ot Cotten (bales) nrom Jtew Tork since Sept.1,1870

WKEE BHDtKaTotalto

date.

Sam*tim*

Feb.25.

Mar.4.

Mar.11.

Mar.18.

prev.year.

Liverpool 17,860 81,030 13,103 20,627935

411,0887,669

206,362

Other British Porta 771

Total to Gt. Britain 17,260 21,030 13,103 21,563

666

418,767

666

206,133

11,945

Other French porti 3

Total Preiicli

1,049

453'

2,466

'eis

1,238493885

666

1,6846251,394

666

15,5166,806

11,948

Bremen and HanoverHamburg ...

87,86816.648

10,714 2,582

Total to N. Europe.

Spaln,Oporta& Glbraltar&cAll otoers

1,508

48200

8,078

Ml

8,556 8,703 32,435

2,863768

46,998

'i,909

Total Spain, ice 248 561 3,186 1,809

Grand Total 19,010 1 24,669 I15,659 25,931 454,984 26fi,888

The following are the receipts of cotton at New York, Boston,

Philadelphia and Baltimore for the last week, and since Sept. 1, 1869:

BzoziPTS raosi-NIW TORK.

This I Since 1

Iweek. I Sept. l.|

8,4501,3601,455563101

1,967,

1,305

1

New Orleans.

.

TexasSavannahMobUeFloridaSoath Corolina.

'

North Carolina.

!

VlrgliilaNorth'mPortB..]Tennessee, &c..\Foreign

i

ToUltUsyear 25,635' 613,038j

94,07823,969159,464

8,4951,261

117,91363,071

4,649; 164,320I 9 593

10,885: 180'874

IThis I Since

{week. ISeptl.

2,146| 22,386.... 6,434

1,640' 82,611

7,008

FHILADSLPEIA

ThisI

Sinceweek. [Septl.

1,144

4,45766780

8,100407

43,999!67,044'

13,868115

....| 3,433

'm' 12,!

18<)

891

879

6,7184,693

59

11^435

26040

1,405

1^073

10,OT3 ; 196,972 ; 1,281 39.173 2,850

Total last year..' 13.565 589,49711 6,251164,698: 4731.38.98511 1,614

13,297

10,9714.78847,108

ss,m

101,522

76,184

Shipping News.—The exports of cotton from the United Statesthe past week, as per latest mail returns, have reached 104,077bales. So far as the Southern ports are concerned, these are thesame exports reported by telegraph, and published in The Chron-icle last Friday, except Galveston, and the figures for that portare the exports for two weeks back. With regard to New York,we includa the manifests up to last Saturday night

:

Total bales.

Nsw ToBK—To Liverpool, per steamers China, 1,385 Minnesota.3,522.... Aleppo, 986. ...Manhattan, 3,659. .. .France, 3,038.... City ofBrussels, 808 ...Tarlfa, l,203....Flam8tud, 1,118. ...per ships Nep-tune, 1,844 Orient, 8,688 per barks Acapulco, 377 Lizzie Ire-

dale, 701 20,627To Cork, for orders, per bark Oluf Nicklesen, 935 935To Continent via Glasgow, per steamers Britannia, 840. .Europa, 71. 311

To Havre, per bark Orion, 666 666To Bremen, per steamers Hansa, 971 . . .Deutschland, 565.. .per bark

Athira.148 1,684To Hamburg, per steamer Westphalia, 625 625To Rotterdam, per bark J. A Borland, 1,083 1,083

New Orleans—To Liverpool, per nhips Young Eagle, 2,364 Alham-bra, 4, 000....Vanguard, 4,088.... City of Richmond, 3,851....per barkBlencathra, 2,566 16,815

To Cork, per ship Hampton Court, 3 078 3.078

To Cork for orders, per bark Constantln, 1,600 1,500To Bremen, pr ships St, Hevln, 4,849 Uhland, 8,225 Athena,

3,884. . . .per bark Windward, 1,760 18,048

To Antwerp, per sh p Hannah Morris, 8,878 per schr. John T.Manson, 1,849 4,627To Genoa, per hrigL. M. Merrltt, 942 942To Vera Cruz, per steamer Tobasco, 420 per schr. J. H. French,

339 and 587 half do 1,023

Mobile—To Liverpool, per ship Astronomer, 2,929 8,989

To Genoa, per Dark Ocean Ranger, 687 ship Neptune, 1,258 1,839

ToBarcelona, per brig Afredo, 400 400

Charleston—To Liverpool, per b ;rk Minnie, 1,022 Upland and 32 SeaIsland... Celeste, 1,478 Upland and 55 Sea Island.... Beltlste, 988

Upland and 104 Sea Island 8,679

To (Jueenstown and a market, per bark Harzburg, 2,069 2,069

Savannah—To Liverpool, per ships Southern Eigh s, 3,002 Upland

Jennie Bingay, 3,208 Upland and 46 Sea Island Screamer, 8,781 Up-land and 216 Sea Island •• 10,193

To Cronsiadt, per ship C . B , Hazeltlne, 2,627 Upland 8,627

To Barcelona, per brig Fermlna, 750 Upland 760

Texas-To Liverpool, per ship War Spirit, 3,542... .per barks BraveLucas, 997. . . .Vesta, 1,390. . . Sitka, 2,410 8,389

To Bremen, per bark Erua, 1,681 l.fSl

Baltoiori—To Bremen, p r bark luca. 418 418To Ams erdam. per ^\i\ p May Diudas, 1,678 1,672

To Antwerp, per brig Althea, 737 787To Cronstadt, per bark Adolph Tredholm, 810 810

Boston—To British Provinces, TO''"

Total. .104,077

Page 25: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

March 25, 1871.] THE CHRUNICLK. 377

The partlcalara of these shlpmenta, arrangred In oar aiaal formare ae follows-.

LI Tar-pool.

W«wTork.. fa.«nV. Orleani. I«,8t6Mobile 1,M9Cturladon.. 3,6798«Tannah . . lO.lMT*zu a,s»Baltlm r»

QaMM-town. Cork.

sas.... 4,078

H»TreC8d

Bra-man.1.8-4

11,048

I,88t418

Hun-barff.

Rotter- Amitcr-dam. dam. Total.1,088

l,8n

K.«3140,088

M«B,7M

13,87010,0108,587

ToUl....8S,S8l 8,089 ^5t8 866 15,831 885 1,(88 1,579 104,077

Inclnded in the above totala are from Now York 311 balM to tha ContinentTiaOlmcow; from New Orleana, 4,897 balea to Antwerp, Ml balea to Genoa,and 1,0« balen to Vera Crni: fri>m Mobile, \.m» h ilc» to Oenoa and 400 balesto Ban-eloii«; from Savannah, 9,897 balea to Cronftadl and 750 balea to Harre-Ipna; from Balitmoro. 737 balea to Antwerp and 810 balea to Cronstadt; fromBoaton, 70 balea to British Provinces

.

Gold, Exchanok and Frbiohts.—Gold has fluctuated thepart week between UOJ and 111^, and the cloao wa« llOJ. ForeignBiobance market is dull and steady to-day. The following werethe last quotations: London bankers', long, 109jKi^; short, llOi®— ,

and Commercial, 109|@109i. Freights closed at J by steamand J(a5-16d. by sail to Liverpool.

Bt TkLSORAPR from LiVERPOOl..

LrvXRrooL, March S4. i P. M—The market haa mied quiet and sfeadv fo-

2fX!,.r^l"',"'" »"'ounlinK to 18.000 bales. The sales of the week have been

84,000 b.iles, of which H.OOO bales were taken for export and 9,f00 hales on•peculation. The stock in port is estimated at 780,000 Ibales. of which 452.(100MJaa are A™erlc»n_. The stock of cotton at sea boond to this tort la 543,000oalea, of which 340,000 bales are American

.

March 3. March 10. March 17. March 94.79,000 78,000 W.OOO18,000 14.000 •11.0005,000 6.000 9,000

768,000 6O«,000 780 000491,000 466,000 453.000519,000 593,000860,000 340,000

Total salea 89,000Sales for ejtport 14 000Sales on specaUUon 8,'o00J<>t»l«t«<i 710,000Stock of American 889,000Totalafloat 60<i,000American afloat. 350,000The following table will show the daily closing prices of cotton for the week

Bj. u... rr , , . °»'- Mon Tncs. Wed. Thnrs. Fri.Price Mid. Uplands. 7V®7K 7J^®7X 7«®7K Ifi&lii 7>f®... 7X@...

•• nn ?„'l''^'"- '^i^'' ''^i'"< ''><®'"< '"<*'"< ^21... [email protected]. ...® ® @ @ @ ^,'K"^^,^*P°n—Tt>*outTktttoi yams and fabrics at Manchester is firmerand better prices are realized.EUBOPEAN AND INDIAN CoTTON MARKETS.—In reference to

these markets our corresopondent in London, writing under thedate of March 11, states :

^LiTERPOOL, Mar. ll.-The following are the prices of American (^^S^Trilne V bbl. $6 oo® 6 50£xtra State 6 65® 6

r^:, ^ ..„j ^^*''' * ^Same date 1870^ ~~"

JU.T.1.-1'-Ord.AMId^ g'dfair^ ^O'dAfair^ Mid. Fair. Good.

nifii!?"" .•• *^ » 33 87 45 19 92 80""'"eo 18 18 2294 9630 19 2230„ , . Ord. O.Ord.L.Mid. Mid. G.Mid. M.P. Mid. O.Mld. M.FSPfeVf" 6H 6\ 1 7.3-16 7)i 7% 11 11^ 11^S??i • V,:.;

•• "^ «« Tl-ie 7 5-16 7H 7J< ll^ IIX llSN.OrleansATexas 6H 6% 7 8-16 7 7-16 7J< si 115-16 11^ 11^The following are the prices of middling qualities of cotton at

this date and since 1868 :

1871. 1868. 1869. 1870. 1871.d. Midland d. d. d. d.93 Pernambnco. 93i IIX IIX 7)f7 3-16 Egyptian.,.. 9 10 10 67 6-18 Broach 9 8 4V7 7-16 Dhollerah 9 8 4}i

nearly ceased, except at redaced prlcM, the local trade haa takra

only totDpply immediate wants, and the demand for the Weat la-

dies has been less actlTe. There has been, howerer, a pretty good

inquiry for the British Provinces, and low grades of State andWestern brands,—thoae selling under $0 70—hare moved off

pretty freely, and not being very plenty, have brought fall prices,

especially good lines of superfine. For n^gular lines of shipping

extras, holders. In view of the relatively higher prices now ob-

tained for wheat, have not been disposed to make any concession,

but have not been able to realize more than $6 (i^>@%9 70, at which

sales were made to-day. Corn meal has declined, leading to free

sales. •

Wheat has entirely lost the excitement and activity noted in

our last, but prices are generally about as last Friday. Anadvance in ocean freights, and the fact that floor was doll

were the main causes of the depression, but the absence of ship-

ping orders, notwithstanding an advance reported from Liver-

pool, has made holders anxioas to realize. The shipping orders

In the last few days have been almost entirely from London andGlasgow. Receipts at the Lake ports are smaller than last year,

but this Is owing to a diversion in favor ot St. Louis. At to-day's

market there was a fair degree of activity at $1 67@1 61 for newSpring

; $1 68(31 60 for old red Winter, and $1 70@1 72 for newamber winter. No. 1 Spring sold early in the week at $1 63^and amber Winter $1 74 afloat.

Com has been in fall sapply, and the shipments eastward from

Chicago have been large, nnder which prime new mixed has

declined to 84(@84ic., and yellow to 85@86c., at which there werefew sales to-day. Rye has been dull, but about steady. Barley

and Barley Malt remain in the unsettled state previously noticed.

Oats have been dull, and prices, though without decided

decline, are weak and unsettled. The stock is large and the

trade slow.

The following are the closing quotations

:

1868. 1869. 1870.Midland d. d. d.Sea I9land26 27 19Upland... ,IO)i 19 11Mobile... 10 3-16 18)i ll>iOrleans.. 10X19 5-16 115-16Since the commencement of the year the transactions on specula'

tion and for export have been :

Extra Western, com-mon

Extra and double extraWestern <t St. Louie..

Southeru shipp'g extras.Southern, trade andfamily 7

Rye Flour, super * extra 5Com Meal, Southern andWestern 3

6 60® 6 85

6 90® 9 006 es® 7 26

9 256 45

bnsh (1 45®1 61'

1 81Wheat, 8i

Red Winter. 1 57(

Amber do 1White 1

White CalifomU 171Com, Western Mlz'd,Tellow, newWhite 87(

Rye 1 1.'^

OatsBarley •.

.

Malt 1

Peas, Canada 1

The movement in breadstuifs at this market has been as follows:

.—Taken on spec, to this date-^1871,

—bales.

American. . . 93,810Brazilian ... lOO

•p"'>n . . 1,130Indian . 750

E. Indian.. 15,890

Total 41,710

1870,bales.

44,5804.4602,640710

46,960

99,350 219,330 118,958

1869, 1871,bales. bales.87,790 67,2579,690 6,7389,100 1,727270 945

149.480 42,991

^Actual exp. from ActualLIv., Hull A other exp' t fromoutports to date—, U.K. In

1S70,baleR.

17,34611,725

9711,171

35,675

67,487

1870.

bales.142,70048,0507.900

12,480447,.300

658.430The following statement shows the sales and imports of cotton

for the week and year, and also the stocks on hand on Thursdayevening last

:

'

BAUBS, KTC, or ALL DESCRIPTIONB.-Sales this week.-, Ex- Specnla-

. _. ,.Trade; port. tlon. Total.

American.. baiaa.85,370 11,580 4,060 51,010Brarlllan 2.550 250 .... 98005?yPH"i. '•"» ISO 10 «.990Weat Indian i.nsn 1090

14.460East Indian 7,930 6 430

Total .49,080 18,410

Totalthisyear.

444,97034,99045,19011,190

189,810

4,800 79,380 79^870

This

Amwlcan 100,86l'BraxUian 14,451JtjTPtianWeat IndianBeat Indian.

Total

4,9731.09810,»4

To thisdate1871.

787,98694.99687,56990,549106,944

Imports.

-

To thisdate1870.

275,62975,61949.09610.48053,983

Same Averageperiod weekly sales.1870. 1871. 1870.

980,4.30 421,6.30 115,19081,650 87,390 23,18032,330 82,700 46,56011,700 32,N30 5,420

242,550 143,960 80,860

857,510 768,900 971,210

Stocks.

Flour, bbls.. 52,182C. meal, " .. 7.893Wheat, bush 87,094Corn, '• 227,000Rye, " 907Barley,*c

"

38,715Oats " 33,743

RECEn-TS AT NSW TORK.. 1871. , SameFor the Since time Jan.

-IXPORTB FROM !»rw TOBX.-

Jan. 1.

628,38059,861559,693

1,525,4411,707

1W,109490,348

1. 1870.

536,36996.183

706.389319,644

1.309348,606503,265

1871.-For the Sinceweek. Jan. 1.

-1870.-

For the Since

21.4173,697

181.643194,530

980

440,09923,.355

1,980,391

691,823

9,066

week.21.1601,448

157,061

24,053

800

Jan. 1.

331,83518,797

2,014,17881,0186,709

9(.80S

The following tables, prepared for Thb Chronicle by Mr. E.H. Walker, of the New York Produce Exchange, show the grainn sight and the movement of breadstuCfs to the latest mail dates :

RECEIPTS AT LAKE PORTS FOR THE WEEK ENDING MAR. 18, 1871

.

Wheat. Corn. Oats. Barley. Rye,bnsh. bash. bash. bush. bosh.

(60 lbs ) (5A lbs.) (89 lb>.) (48 lbs ) (C6 IVs.

50,907 81,060 44,770 8,835 4,91924.295 5,062 2,474 S,9;0 10615,922 99,103 81,898 1,600 86013,094 18,505 16,745 3,364 93914,000* 10,150 8,410

Flonr.bbls.

(196 lbs.)

Chicago.

.

. 90,901Milwaukee 7,602Toledo 8,954Detroit 9,760Cleveland 8,875

Total. This1870. day.180,480 421,63081.650 87. .390

39.320 82,70011,700 82,530

949,550 143,960

Samedate1870.

115,1909.3,180

46,6606,410

80,880

Dec. 81,1870.

109.710

28,15039,76010,Sfi0

180,560

131 187 1,047,918 478,00 657,510 768,900 971,910 878,720

BRE ADSTUFP9.Fridat P. M., March M, 1871.

The market for Breadstuffs the past week has been less active,closing with some decline in prices, from those obtained early inthe week.

The receipts of flour have continued on a moderate scale, butthe demand has been less Ktive. The inquiry from Europe has

17,769 8.81895,737 11,11598,879 6,58013,105 »,1715,668 l,m

1S,1M 10,8K

Totals 46,091 118,148 111,880 104,187Previous week 46.067 188,868 131,910 81,009Correapond'g week, '70. 69,061 117,576 160,037 58,964

'89, 91,931 987,275 849,596 181,066" '68. 47,900 71,695 189,887 61,814" '67. 40,051 150,192 389,318 88,809

•Estimated.

Ck»(PARATrvz Receipts at the same ports from Jan. 1 to Ifar.

18, inclusive, for four years :

1871. 1870. 1889. 188S.Flour.bbls 612,4«5 741,7T8 1,118,841 81S,4M

Wheat, boih 8,584,101Ooni,bDab &681,680Oats, bnsh 1,189,960Barley, bush 819,818Rye, bush 180,964

8,961,189«>8M,4B91,18&,<88848,896183,909

4,741,4978,180,1751,9U,918S0S,T88848,006

1,096,810&074.16*i,84a,aa806,190in,448

Total giain, bnsh. 11,017,501 7,993,531 18,888,414 9.988,794

And from August 1, to and Including Mar. 18, for four years

:

Flour. .bbl*.

187»>-71.

9,8S«,8»

Wheat bnshels. 18,991,140Com 16,415.881Oats 10,001,47*BaricT 4,914,881

Bye l,10a,T8t

1889-70.

8,084,819

15,801,6868,647,4781,149,088981,781

1868-88.

8,773,010

».15aiim18,449,10014,9«4,8B4

1,501,817

188T-8B.I,188L0M

»«.na,lio19,409.89611,11\H771,711,108l,»ia,19S

Total gialn. boabaU (tsn,08i I«,906,0« tI,00S,Bn ia^88B,a«

Page 26: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

378 THE CHRONICLE. [Marcli 25, iSH.lS

EHIPMKNT8 FEOit CHICAGO, MHiWAUKBE, TOLEDO AKD CliEVELANDFOB WEEK BNDlSa MAK. 18, 1871.

Floor, Wheat, Copi, Oats, Barley, Rye,hbls. bneti. bush. bn«h. bneh. bnsh

WeekcndineMar. 18, '71.61,287 57,913 455,876 44,980 30,373 1,785

(Veek ending Mar. 11, '71.53,156 48,8.31 172,696 24,553 10,594 2,942

Week ending Mar. 19, '70.49,088 105,809 88,258 28,254 13,439 6,633

Week ei'iliBg Mar. 19, '69.91,327 83,819 832,129 55,491 18,635 30,000

Comparative Shipments of flour and grain from the ports of

Chicago, Milwaukee, Toledo and Cleveland, from Jan. 1 to Mar.18, inclusive, for four years :

1871. 1870. 1869. 1868.

lour bbls. 645,032 695,379 955,572

Wheat bush. 405,806 1,091,808 1,869,395

Com 3,066,922 1,478,040 2,194,678Oats '464,997 388,767 8T4,S97Barley 196,037 130,252 194,539Hye 36,021 53,221 294,658

Total 4,169,7S3 3,115,088 4,727,567 ....

The Visible Supply of Grain, including stocks in store' at

the principal points of accumulation, March 18, 1871

:

Wheat. Corn. Oats. Barley,bash. bnsh. "bush. bush.

In store at New York 1,384,318 158,518 1,017,808 293,556In store at Albany 6,500 17,000 125,000 86,000In store at Bnflalo 3.36,684 4,500 153,030 107,505In store at Ctiicago 3,447,801 2,602,986 696,111 272,290In store at Milwaukee 2,127,902 19,039 38,679 15,573In store at Toledo 476,427 464,299 81,746 4,795IB store at Detroit 152,313 30,318 23,902 4,73SIn store at Oswego Mar. 15. 160,000 30,000InstoreatSt. Louis 75,088 101,528 17,118 4,113In store at Boston 8,700 181,688 68,525 15.620In store at Toronto Mar. 1. 117,701 6,047 19,324 122,066In store at Montreal Mar. 15. 249,373 2.3,420 17,100 1,500*In store at Philadelphia 65,000 20,000 60,000 30,000•In store at Baltimore 125,000 45,000 60,000 12,500Rail sliipmeuts for week 57,913 255,276 44,980 30,.373

Total in store and in transitMar.l8,'71.. 8,810,120 3,929,619 2,423,323 1,030,027" Mar. 11, '71.9,824,077 4,148,295 2,61,3.682 1,164,017

" " Mar.19, '70.10,276,961 1,461,900 2,310,122 506,589Mar. 6, '71.10,030,203 4,345,985 2,718,720 1,337,868

" " I'eb.26,'71. 10,295,886 4,397,363 2,a3.3,085 1,486,108Feb.ll, '71.10,637,777 4,466,7*3 2,864,725 1,464,722

•Estimated.

There were afloat at Chicago 194,740 bushels of wheat, and 754,668 bushels ofcorn, about two-thirds of which are included in the stocks as representedabove. The stock of wheat in Milwaukee shows a reduction from the preTioueweek, caused by transfer from warehouse to vessels. In the total stock visiblein 1870 at the corresponding date, St. Lonis, Oswego, Boston, Toronto,Montreal, Philadelphia and Baltimore were not included.

GROCBRIES.Fridat Evenikg, March 24. 1871.

The most decided changes in this market for the week are a

loss of tone on Coffees, and an increased demand and higher

prices for Sugar, other goods remaining nominally steady. Theamount of business doing has not been very large, in fact appar-

ently somewhat disappointing to a portion of the trade, but

holders are reasonably confident and look for an increased move-

ment of goods at an early day, in view of the gradual develop-

ment of facilities for inland transportation, and a reduction in

freight charges. New York operators are still of the opinion that

the tariff on Tea and Coffee will not be disturbed this session of

Congress, but the country dealers think or affect to think quite

differently, and this tends to retard business considerably.

The entries direct lor consumption, and the withdrawals from

bond, showing together the total thrown on the market for the

week, were as follows :

Tea, black.... 2,791 pkg:s.<ireen 7,^193 pkgs.Japan 2,164 p'igs.Various Jt58 pkjfs.

Uoffee, Klo.... 6.751 baKs.Jav^ 1,755 mats.Maracalbo.. 1,71S baics.

Imports this week at this port have included 26,116 bags Rio

Coffee, 200 do St. Domingo and 644 do of other kinds, mostly from

Mexico. The receipts of Sugar and Molasses have been rather

light. The arrivals of Tea embrace 1,055,117 lbs. of Japan tea,

and 13,800 do of Black.

The stocks in New York at date, and imports at the five leading

ports since Jan. 1, 1871, are as follows :

Lagnayra .. 100 bi.gs.Other 3,788 biKS.

Buj^ar, Cuba.. 4,6'^ bses.Cuba 8J!TI'hhds.Porto Rloo 456'hhd8Other l,6-.4hhd8

Suear, Brazil,Manila, &c..

M'las'es.OubaPort > I*ico.Demeraia .

.

Other.

.... bags,|6,SS7 bags.1,629 hhcls.532-'hhcl8.aT'hhds.13"hhd8.,u>.,uuuo. ,.»tuur ,0 I1UU8.

'Hhds. include bbls. and tcs. reduced

Tea lbs.Tea (Indirect Import) pkgs.Coffee, Rio bags."Coffee, other bags.Sugar bozcB,Sugar hlida.Sugar bags.MolaMea ,,.,hba8.

Stocks In »"BT York Imports at 1

at 4 ite.1871. 1870. 1871.

20,122,1298,313

ffl,612 34,077 426.2931«,08J 14,967 124.14031.574 95,834 »4,29831,112 sa,Mi «S,7()6

270,379 271,518 224,3328,881 19,358 4»jm

1870.

14,439,71512,864

33S.3I>6

71.84999,78187,634

• 181,994

69,082

additional quieting inference of the agitated repeal of duty; and though there

is probably only a very few if any of the Trade here who imagine such a lawwill be enacted, cotmtry dealers generally consider the matter as sure, andhold ofl' accordingly. As to the supply hero it is not only very large but well

assorted, the new crop having come in much more freely than for the corre-

sponding period last year. Rumors have been circulated to the efl'ect that one

or two very large sales had taken place, but there appears to be no foundation

for such a report. We note 6,034 Greens, 7,100 Oolongs, and 1,800 Japans.

Imports this week have included 375,406 lbs. of Japan Tea per "AbbyBacon," from Yokohama ; 480,784 lbs. do per " Horatio," from the same port,and 12,800 lbs. of Black Tea per "John Wooster," from Whampoa.The following taole shows the Imports of Tea Into the United States (not

Including San Francisco), from January 1 to date, In 1871 and lb70

:

1871.1870.

Black.6.616,769

6,672,630

Green.10,O7J,970

6,015,470

Japan.4,389,274

1,741,605

Total.20,122.18914,429,705

The indirect Importations, Including receipts by P. M. Steamers via Aspin-wall, have been 7,908 pkge. since January 1, against 12,864 last year.

COFFEE.We have again to note an extremely dull general market, and some los* of

the pre\ious firm and confident tone. The wants of jobbers are light, in fact

much less than anticipated, as is usual at this season, a s the distribution to

small dealers and consumers seems to fall off rather than increase, and the

prospects of improvement are poor, interior buyers having great faith in the

repeal of import duties, and refusing to operate until the question is settled.

The advices from Europe are a!60 of a nature to reduce the probabilities of

any unusual call from that direction; and wiih all the outlets thus more or lesa

contracted, importers in many instances begin to lose courage; and though not

yet willing to grant concessions to any extent, will quickly enter into negotia-

tions at former flgnres, and arc placing their supplies on sale with greater

freedom. Of BraziU the accumulation not only here but along the entire sea-

board has increased, and the arrivals generally are of a quality to improve tho

assortment considerably. Owners in consequence have kept a fair amonnt

available, but were unable to attract the attention of buyers beyond a few

small lots wanted for the most urgent necessitlee, all movements being con-

ducted with great caution, and jobbers evidently were unwilling to take snp.

plies unless the same could be turned over immediately to advantage. Nopositive change in prices has been quoted, but while good to prime qualities

are ouly steady, the common sorts have a weak undertone, and would succumb

at once to any pressure to realize. Other descriptions continue to draj; along

slowly and without features of interest. About former prices arc asked and

obtained on the small lots changing hands, but in reality there is not enough

busiuess doing to form a good basis for quotations. The 'Stocks, as a rule, are

small . Sales of 5,236 bags Rio, 800 bags Maracaibo, 200 bags Government

.Tava, 325 bags Costa Rica, 200 bags Jamaica, and 200 bags St. Domingo. AtNew Orleans, 5,000 bags Rio on spot and 7,771 to arrive.

Imports this week have included 7.012bags of Rio per " Johan ; " 14.104 do.do . per " Merrimack," and 5,000 do. Santos per "Eliza and Maria." Of otherkinds the imports have Included 200 bags St. Domingo, per "Naonta," and640 do. mostly from Mexico.

The stock of Rio March 23, and^the Imports since Jan^ 1, 1871 , are as followe:

TEA.Some little business has been reported, but nothing of magnitude, and a

portion back sales of several days standing, the market, as a whole, remainingm an extremely dull condition, and the tone very weak. Holders of the•locks .do not urge business, but are quite willing if not a little anxious to

operate, and quick buyers would be treated with much consideration. Theamounts sent out to consninerBthuir far -this year have been very large, andtbii alone tends.to.kcep the jobbing movement low, but just now there is tlie

NewIn Bags. .

York.Stock 3S,';i2

Samedatel870 3t,0TJ

Imports IS2.2J1" lnl3;0 151,7i7

Phlla- Baltl- New Savan. «; Gal-delphla. more. Orleans. Mobile, veston. Total.3,668 20,54J 17.fOO 11.931 .... 9SJKW

21,S00 5.831 .1,1,00 .... 120,9687,213 125339 83,145 34.870 .S.OOO 426,2!

.... 112.302 51,942 14,300 3,045

Phlladel. Bait. N.Orle's aaiImport, import. Import. t»

Of other sorts the stock at New York, March 23, and the importa atthe seve;

ports since January 1 , 1871. were as follows

:

.—New York-s BostonIn bags stock, import. lmp\,rt.

lava and Singapore t 197 •24,23i •26,176

Ceylon 8,000Maracalbo 3,121 5.089Laguayra 330 67S6St.Uomlngo 25,993 3,321

Other 9,389 27,403 6«

8,866

7H233263

Bi

HalTotal 1S,CS:

Same time, 1870 14,867

89..511

57,65780,033

10,942

4,080 153,218

49632

124,141

71,8f

' Includes mats, &<:., reduced to bags, t Also. 30,231 mats.

ST7GAR.Raws have continued to sell to a very fair extent, and the market, to gain

strength with prices on most grades, further advanced, and the selling interest

generally quite firm and confident in their views. The unusually early open-

ing of navigation, and the falling off in cost of transportation, very materially

increases the probability of a larger interior distribution, which alone has a

strengthening tendency ; but in addition to the above, importers are stimulated

by the moderate arrivals, and some falling off in the accumulation, and growing

rumors of a reduction in the crop of Cuba. The latter idea has been mooted

for some time, and flgurcs are now being produced to show the truth of the

report, but even those most interested in higher prices are not inclined to

depart from a cautions policy, and prefer waiting further advices before

operating with any great amount of freedom, either in the way of placing their

stocks in a position to be withheld for a decided improvement in value, or

indulging in speculative movements. The general offerings, however, are

small, and unless extreme market quotations are realized, cnrrent receipts are

at once placed in store. A few purchases have been made by the trade, out

the demand was in the main from refiners, who now have an unusually liberal

margin, and in many instances have shown an Inclination to purchase some-

what in excess of early wants . Muscovado cured have rather had the prefer-

ence over clayed and centrifugal . The immense stock of Manila which has so

long been considered as a sort of drag, has been much reduced by two or three

liberal sales. Refined has sold well at full prices throughout, and in some

cases the range was increased. Tho call in the main was on home account,

though exporters took a fair amount, and probably would have handled more

had the Government officials decided upon the amount of drawback at an

earlier date. Sales of 3,396 hhds. Cuba, 1,112 hhds. Porto Rice, 206 hhds . NewOrleans, 2,932 boxes Havana, 89,695 bags Manila and 14 hhds. Mclado.

Imports at New York, and sto ok In first hands. Mar. 28, were as follows

:

Cuba, Cuba, P. Klco, Other Brazil,Manila,&c,Me1adahhds. *hh<i8. *hhd8. bags. bags. '""-

3,795 503 451 .... 15.878

1448 1,569 12.885

1,884 6,229

bxs.Imports this week... 3.416

" since Jan. 1 54.063" samstlme.'TO 61,363

16.385

27,(W)127.40»

79,859

hhds.1,396

15,2«i

Stocks in fint hands.. slvtlMSame time 1870 95^94

" 1869 32,362

81.1125934716,142

«ni.i7e271.51358,813

3,992

1>7

Page 27: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

March 26, 1871] THB OHRONIOLK 3T9

Tbe bnilneuof Uatwock, thongh not nniunaUy Urge, supplied the moat

nrgeol wanta of roflnora, and ti< tho Utter claai of buyers still continue to

r«c«lT»a coiivldorablu amount of stock on direct imporlation, tho principal

damaod for foreign goods la malerially curtailed and tlio market remains In a

Tory doll condition. A few cargoes of flrst-class boiling molasaea are always

wanted on this market, and could undoubtedly bo sold now If offered, bnt tbe

Mtortment at present available is nut attractive, and buyers assert tbey can

await iomcthing better witbout inconvenience. Grocery qualities have not

b««n Tsry plenty, but the supply was largo enough for tho demand, and the

prloaa accepted somewhat lower tlian at the coounencemont of tho soason. As

a mle. Importers seem Inclined to steadlneas, bnt arc willing to negotiate on

any rtasonable offer. Domestic remains much the same as last noted, the

Teiy prime grades Arm and sparluf^y offered, and common lots greatly unset-

tled, and owners willing and anxious to operate. Sngltr House molasses

plenty, rather dull and price* heavy. 8yrupa In fair trade demand, and a

light call fur shipment. Sales of 100 hhds. Cuba Mnsoovado, GTS hhds. Porto

Rico, 50 hhds. English IsUud, etc., and 6S3 bbls. New Orleans.

The receipts at New York, and stock in 8nt hands. Mar. S3, were as followB;

Cubs, r. Rico, Oemerara, other N. O.•hhds. 'hhiU. 'hhds. 'bbda bbls

Imports this week 4.160 tu .... .... 76«• llaceJao.l 3S,M4 3.4IS 1,108 638 3I.M1•' sainetlmsum »l,4ia 1,N0 wa S9 lO.OU

Stock In first hands fi.isa SX *a 4.WQ• " same time "M 19,46a 621 i.Vl 1,3>U

sUme'69 11.59} 31U 916 GCO

santag lirm^,{iov.j4nee. •Pee. 15I)fC. »vie'. W'.'.'.'.'.'.

Jan. •Jan. HJon. ».I«n, 10Jan. 10

S?iire"XM»6U!AiinloOray,...

•l.siienarilKtriK ri.liiT...BiUeil Will....OrpheilNMiiorl.la«.9.8tono..0. 1.

1

From.

^i3Sii.'»;:

Black.ItM.

attu

Oreen.lbs.

>.Uay.

WbamDos...nnntc Kong..Yukobama..FoochowWhamjBhsngl

i.inMipoa... 10WM4fiae

at',ii6

7.1MU

ram

Total known to be afloat S.M0^M 3,M*.'M9 I/M.tSt SJJWnrolnl ciporK lo U.S. port«,June I to Jan. 10.1UJM344 U.4TOJ0O t.MI,4Il ».lWWTotal cxporcstoU.g.poru,samslin*l«W...>l,mj« U.IW.tM 4,-.0UM MMIiMS

Bto CoflTee.-From the market clrcnlar of Messrs. Bojo ACo. we learn

tho ozietimce of a brisk enquiry for Coffee since the last American mall ; trans-

actions, however, were not on a very lorgo scale, owing to the great flrmnosi of

tho holders, who based their views upon tho very favorable reports from all

tho conxnimng markets, and later by the probable end of the European War.Tho cIobIdi; market was very strong. Total sales since iiStb olt. for CnUeaStates gS,S0O hags ; stock at date 70,000 bags, and the dally receipts have aver-

aged about 7,700 bags per diem.

Vessels sailed Mncc January as, ini IISJCTI bags.*' cleared or ready 18,000** loadlug, or about to load t,\j ^•....../J< IMMw *

Bantos— ..^^Balled .Tanuary 38 1,009 bogs.Loadlug nuoe.

Rio Jankiro March 4.—Messrs. Wright A Co.'e Telegram : Sales coffee for

Importa of Snjnir tc nolaaaea at leadluc porta alnce Jan. 1.

The Imports of sugar (inclndlnf^ Molado). and of Molasses at tho leading ports

rom January 1, 1871, to date, have been as follows

:

. Sugar , >—Molasses. -^

.—Boxes. . .—"HBda. , . ^Baga. . . >Hhd*.

1871. 1870. 1871. 1810. 1871. 18TO. 1871. 1870.New York MOSS «6,7:i9 60.4'U 87,246 143,891 106,839 37,5» 3S,(«7Boston lSii6 4,9S3 lO.MS 7.«<S 8i.ia0 49,398 4,796 9,5MPhiladelphia... ia.l>13 11.8<9 8,68] 8,873 8«,SS0 iS.sOO VifiSO 19,716BalUiDOre S.690 lO.W! 16,321 14,073 11,471 17,396 4,22a 7.331New Orleans... 6,211 a,S99 811 46 61 S,8!i8

Total "7U98 99,731 96,706 37,651 »l,8aa 136,994 49,598 69,082

'Including tierces and barrels reduced to hhds.

SPICBS.

Wo have again to report a very dull general market and few really new fea-

tures. On all styles, as they are now selling in small job lots, the tone is a lit-

tle slack and holders ivlU close out odd parcels frequently at some concession.

The large lines of goods, however, in first hands—what there Is of them—arcnotavailableexccpt at full former figures, and in some cases the feeling Is

firmer. This has been cBpeclally noticeable on Pepper, as late advices from

abroad were of the most encouraging character. Nutmegs and Mace a little

buoyant also but no higher.

FB17ITS. &C.

The market since the date of our last has been extremely qnlet, most of our

city Jobbbers having purchased previously to arrive, and these goods nowcoming in freely supply all their wants, which are, however, small. Layer

Raisins are very slow of sale, bnt the larger holders are generally firm, and

prefer buying lots at $3 to allowing the market to fall below that price. Cur-

rants and Turkish Pranes have both been dealt in rather sparingly and are easier

in price, favoring tho buyer. Sardines are In moderate demand for quarter

boxes, and former prices rule about steady. Almonds are again rather quiet,

but the late advance is fairly sustained. Brazil Nuts are in light demand at

the decline. Citron is not plenty, and held at higher prices. Walnuts are

steady, but in only moderate demand.

Tho supply of Foreign Green box fmlt has been large, the sales average

about 18,000 boxes a day since onr last ; prices have been well sustained byshipping largely to the West, bnt at tbe close easier prices are ruling, though

the general Impression is, that they will do better again next week. WestIndia fruii has not been in large supply, but tbe abundance of Mediterranean

hascansed a, decline in prices of Oranges, the best now selling at $10 per bbl.

Cocoanuts sell moderately well at $38®40 per thousand for Baracoa ; small lota

^jct Bananas have sold at $1 50®J 80 per hunch. At auction to-day Palermo•''Oianges sold at (2 00@S 80 ; Messina at $3 00®3 80 ; Falormo Lemons at

$3 80@3 83, and Messina at {.1 70®3 90.

Domestic Dried have ruled rather qolet for Apples^ bnt former prices havebeen sustained. Peaches arc still scarce, hut the comparative high prices cur-

rant. Blackberries are again quiet, bnt arc held pretty steady. Pitted Cherriesore in fair demand at former prices. Flnma are also ftrm. Raspberries arc In

fair supply at last quotations.

Domestic Oreen are slow of sale and cheap compared with last fall. Dealersore making very little, as tbey lose a great deal by rotting. Sales of best at

$3 SOQS 75. Cranberries are slow exceptvery eboice, which sell at (8 60®3 T5

per crate' and $19®14 per bbl

.

ADVICES FBOM PBODTICING MARKETS.Tca.-^essrs. Aug. Heard A Co.'s regular telegram via San Francisco is as

follows:

Uonz Korg, Feb. 11.-The stock of Oolongs on offer is 10,000 half chests.Tho tout export thU season to tho DBUed States will not probably exceed

' tS,BOD,000 lbs.

Shanshs-. Feb. II.—The total exnort of Oreen Tea to the United States this«.,>.. II V i : not probably exceed 18,500,000 lbs. (an advance of 9,e«0,000 overUi'' • -THniit" of last month's teleffram).

Hy mail the dates are to .laniiary 34 from Sbanglme. reporting an aoUveaiar-ket tor Oreun Teas, with an advaiifo In mosi of the scttlementa of about onelaul per picul. Tho stock was small at date, say :!7,000 half chests, with thefollowing figures for the season

:

. ^'"f'*„ **•">* time SasMMfmeIiini' 1, TO. »-•». <M-%i

I..11VI r.cc ..iK.laekuUiitoldlsss 4M#ioh.e. 47159) h c 4«7T;«

TviM:::::::::::::::::: 'U;^ : ^ r. ^

i United SUtes since S3d Febraa^ °84,4M0 bags; shipments, t6,1IOO bags; loadtBg,48.000 bags ; stock at date, 90,000 bags ; price, 6$400.

nianlla Sugar.—Market advices to .Taunary 17, 1871, ore at band, atwhich date there was a good market for Sngar, 4,000 plenis of Superior Curenthad been closed at (4 C-8. lirown uomiuauy quoted $4 .' per plcul.

1871. 1#iO.

PIculs. picoU.Exports since January I, to United SUtes 13.010

" Burope 10*10 H.TOO

Thefollowing shows tbe quantity •( Sugar afipat for tbe United States atlast advices, and which bas not yet arrived

:

PIculsI

PICTlSShip. For. (19»lb8.) Ship. For. (lS91J>sJi

Nov. 27. .Glenlyon .New Tork.ll,ff!S Jan. 9. .Chattanooga. . .New York.MJM)Nov. 88..E. A.OUTer.... " " 9J00 -J—-Dec. 81..Aberdeen " " I9,00o| Total plcnls (of 199 lbsJ 4WI«

PRICES OURREIVT.The Follotvlmg are RnlinK «luotatloua In Fimt Hand*.On the PurcUaae of Small Lots Prices are a Fractionnighei

.

Tea.^Pnty pald-N

Hyson, Common to fair U & Kdo Superior to fine 60 (a 75do Ex. fineHo Sliest 85 Ol 15

YoangHyBon.Com. to fair. 50 ® 55do Super, to One. 60 ® 90do Ex.anetollnestl OS ®1 80

Gnnp. & Imp.. Com to fair. 6S <s 75do Bap. to line.. 85 ®1 00do Ex. Hue to flncst.l 15 @L 50

Hyson Bk. * Tw C. to fair. 40 @ 45do do Eup. to fine. 48 a 53

I ^Doty pBlri-ir.Sk.&Tw'tyBx.t.tolln'st 65 a "~

Uncol. Japan, Com. to l»lr.. '" -~

do Pnp'r to fliif...

I do Ex. t. to finest.Oolong, Common to fair....

do Superior to fine....

Ido Ex Una to finest

Bono. A Cong., Com. to fair,

do Sop'r to fine,

do Ex. f. to finest.

Rio Prime, duty paid go' d.do good Kold.do fair gold.do ordinary (fold.Java, mats and bags gold.

' " Brown

Cuba, Inf. to com. refiningdo fair to good refining....do primedo fair to good grOL-ery....do pr. to ciiolce Exocerydo oentriI>igal, htids; A bxs.do Meladodo motasaes

Hav'o, Box,D. S. Nos. 7 to 9..

.

do do do 10 to 12..

do do do 13 to 15..do do do 16 to 18.

.

Cocnee.

16 @16x I Native Ceylon gold,15 al5H { Maracalbo gold.It (81IX Laguayra goid.18 aisy gt Domingo, In bond.. ..gold.iBHOt'lO I Jamaica gold.20 ®22«l

Sogcar.

8 » SKIHav'a, Box,D.S.Nos.l9to20..

S.'i® SK Havana, iiox. white... @ 91^ Porto Rico, reflnlnp grades...9X'» "X , do grocery Krodcs....'''^SlOJi Brazil, hags9 aiO!? I Manila, bags4 .@»7

IWhltoSngars.A

7va9 do do B8vj®9

Ido do extra C

•X9 9V Yellow sugars10 ^lOJI^ I Crushed and granulatedllJs'ailK I Powdered

nolaaaea.

mm«Ka9S

8 asy!."«?»....aaigluHaii13«»1»

New Orleans new * gall.Porto RicoCuba Ituscovado

70 1 Cuba Clayed 2ia 8558 Cobacentrtfugsl *<» 3540 1 English Islands «a 10

RIee.Raigoon, dressed, gold la bond 8^3 iH I Carolina (new) fUtW

Cassia, In oases. . .gold V * • 82Cassia. In mats. .. do 83GiDKcr, Kac-^ and At (gold) 8Mace doNutmegs, casks 83

do coses Fenang.... 84

Spkiea.a S3X

IPepper, In bond (gold) II 9

* S3X 1 do Singapore & Bnmatra I««<»Pimento, .Tamaiea (gold)

""11

.al !5

» 80

do In bond doICloves dc

< do In bond.... doFruits and NnU.

.'?f2

Ralslns.Seentess.new v matJS 75 4tdo Layer, 18'0, II box .3 75 OSdo FnTtana,*! tt I8J<«do Valencla,V a 13 edo London Layer 8 35 a

Currants, new 1I~Citron, LofhorsPrones, Turkish, old ePmnes, Turkish, new 1I!<I9Pruoellea 19 aDate* « a>1gs. Smyrna V >. 13 AClierries Onnnan 7 aCanton OInffer S.OOa .

Almonds, Languedoc ISXa

VH

i\"

iix

is"8

IBrasllNnts W a ..

Fllborlo, Sicily lOuado Barcelona 9Ha

loy

dododododo

Tarragona..IvlcaBldly.softshi'll..Shelled. Spanish

,

paper shell.Sardine* V hi. box.Sardine* V qr.boz. 18Ma 19

3D 7a

-Iii"a83 S

("1An-lranPi':inms 171 a

,Walnuts, Bordeaux lO^a

IMacnronl. Italian U a

lyire Crock. bHt No ItPboxDTS aDOHSSTIO DBtXO rRDIT*.

Apples, State V a. tH*do Western .ado Southern, common 4 *^do prims BHado aiotd <M«

Peaches, pared 15do nnpared,qrt Ahlvr M)

Blackberries It

Chcrrli's nlUed »PeranXuts »». UHickory Nats ab<i*bt40PeanuU, V«.ir'd to rtacy do 3 »

do . rom. to fair do 1 75do WI1..K'dtabest do 3 its

10

leSit

Groeera> nrncs and Sandrles.

iiia i

(not

„„Ming*hows the ^aamttyeC Tea afloat Air tbe UsltsdatalasalMestIt Including San Francisco), and which has not yet arrived

:

Alom 5.. suaBl-Carb, Soda (Kig.) iii»Borax (0 "Sal Soda, Coak.fiulphnrSaltpetre„ ftCppneras AX*eilMphor.lnbM* . •W a(SatOaBoap*..... II a

4S313

ulon..( ""•'iMr snl.i. a Ytjt

Page 28: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

380 THE CHKONICLK [March 25, 1871.

THE DRY aOODS TRADE.Fmdat. P.m.. March 84, 1871.

There has been a better jobbing trade, this week, and the tone

of the 'market is decidedly improved, though the prices on

domestic cotton fabrics are decidedly unsettled, and trade is re-

stricted in consequence. The movements from first-hnnds are

Bomewhat heavier than at the time of our last report, jobber's

stocks having become broken and this class of dealers being forced

into the market for second purchases The market is well filled

with buyers from the interior, representing the Western, Southern

and near-by trade, and the mild weather has developed a greatly

improved demand from consumers, and retailers are forced to pur-

chase, though many would doubtless prefer holding ofiT a week or

two longer until the market becomes more settled. The usual

revision of prices is now in progress, and is already more general

than at the corresponding date last year. The movements, too,

appear to be somewhat in excess of that period, which is due, no

doubt, to the fact that the weather during the current month has

been such as leads dealers as well as consumers to look for no

return of cold weather, and induces more liberal purchases from

consumers, of light spring and summer fabrics than has been

usual at this season ot the year. The retail trade here is good,

and is reported satisfactory in nearly all other cities. Collection^

are made with fair freedom and the condition of the trade gene-

rally is healthy, and favorable for a prosperous season.

Domestic Cotton (Joodb.—There is a fair jobbing trade doing

in all cotton fabrics suited to the requirements of dealers at this

season of the year, and the tone of the market is rather morefavorable than at the time of our last report. There has been a

reduction of ^c. on all standard sheetings during the week,

the agents lor several brands having marked down their goods,

while jobbers have made the prices on other brands to correspond

though the quotations are nominally unchanged in first handsMedium and lower counts of brown goods are also declining, andseveral brands are already down. Bleached goods have met noimportant reduction as yet, but it is expected that the decline in

brown cottons will have the effect to bring about a decline beforemany weeks. The agents for all prominent makes state thatthey are sold close to the production, however, and apparentlycontemplate making no change. Colored cottons have experi-enced a reduction of Ic. on several brands of ticks, stripes anddenims, and a complete revision of quotations is likely to occur.Prints remain as previously reported, with the exception of Simp-son's, which have been reduced to lOc. The demand for all of

the best makes is fair, and prices are apparently steadily main-tained. Desirable styles of light work are well cleared out of themarket, and the remaining stock is by no means excessive.Lawns and percales have sold freely, and the stock of popularmakes is well closed out. Prices are firm, but no advance is pro-bable.Domestic Woolen Goods.—The sales of woolen fabrics from

first hands continue fairly active, and the stocks of light weightsare as well reduced as is usual at this season. The production ofthese goods has about ceased, manufacturers having already begunrunning on heavy weights, and the amount of spring goods car-ried into the next season will be small. Fancy cassimeres ofdesirable styles in medium grades have sold freely, while fine

foods have been in moderate request for the better class of trade,'aced goods are in fair demand, the sal^s of popular makes being

reported as satisfactory. Spring flannels in the best grades arehigher, and quotations are well maintained at the recent advance.Shawls are in good request, as previously noted, and desirablestyles of nearly all makes are well sold up.

Foreign Goods.—The demand for all dress fabrics continuesgood with importers and jobbers, and the market presents no newfeature of interest. Linens are in about the same condition as atthe time of our last review, the market remaining firm, with afairly active jobbing trade, while the movements from first handsare only moderate at the moment. Dress linens are in betterdemand, at full prices. Silks are selling well, and prices are wellmaintained, the importations being comparatively light. Foreignshawls are in good demand, and desirable styles of perfect goodsremain scarce. The hosiery trade is a trifle less active than wasreported a few weeks earlier, heavy buyers having generallystocked up and returned to their homes. Prices aie unchanged,and are so low as to admit of but small profits to importers, inconsequence of the excessive competition on these goods in thismarket. This is especially the case with German goods, and thelow prices have induced so liberal sales that the stock is now verylight, and the tone of the market firmer.

The exports of dry goods for the past week, and since January1, 1871, and the total for the same time in several previous yearsare shown in the following table :

FUOH BOBTOirDomcaticB.

We annex a few particulars of leading articles of domesticmanulactu'e, our prices quoted being those of leading Jobbers :

Brown Shebtinos and Shiktings are in fair request at tl]e generallylower quotatioDB, bdcI the distribution of all grades is as active »8 usualat this period of the season. We quote somewhat nominally as

follows: Amnskeag A 86 12, Ho B .<!6 11^. Atlanlic A 36 12^, do 36lOi, do H 86 12-i. Appleton A 86 12J. Augusta 86 U, Jd 8(1 !0.

Bedford R .SO 8, Boott S4 9i, Oommnnweallh O 27 8. Urni'o't

A 27 8. Great FnlU M 36 11 ••" 8 18 9J. Imlian Head 8B 12f do SO10|. Indian Orchard, A 40 13, do 36 10^, -Laconia O S9 12 do BZ1 11, Lawrence A 36 1 1, Lyman 36 lOi, <lo E S'"- 12, Medl'onl 36

]\i, Nashua fne O HR UJ, do R 86 18, do E 40 14^ NewmarU-t A36 10, I'acific extra 86 12. do L 86 U.Pepperell 7-4 22i,do S-4 25,

do 9 4 27i. do 10-4 32i, do 11-4, 87i, Pepperell E fine 39 12i, do R86 11^. Pocasset F 80 8J. Snranac fine O S3 1)^, do R 86 IS, StarkA 86 I 2, Swift, River Sh 8 J, Tii;er 27 8.

Bleaosed Shektimqs and SHiaTiNOs are fairly active at about pre-

vious prices. The market is rather unsettled, however, and qaoti-

liona are chiefly DomiQal. Aiaoskeag 46 16}. do 42 15, do A 86 15,

American A 36 12^, Androscoggin L 86, 15}, Arkwright WT 86 18,

Ballou & Son 86 18, Bartletts 36 U, do 88 1 8 j, Bates XX 86 18,

Blackstone AA 36 14 Boott B 36 18^. doO SO 10, Ho R 2S Si.Clarks36 17i, iJwightD 40 18, Ellerton 10-4 45, Fruit of the Loom 86, 16Globe 27 7, Gold Medal 86 13, Great Falls Q 36 IS^HiiraSemp.Idem36 15, Uope 86 18, James 86 IB, Lonsdale 36 16i, Masonville 36 16,

Newmarket 86 12}. New York Mills 86 21 Pepperell 6-4 22}, do10-4 S7i. TuBcarora XX 86 18(319. Utica 5-4 25 Ho 6-4 38. do 9-4

47}, do 10 4 52f Wallham X 88 11, do 42 15^, d.. 6-4 22i, do 8-4

27}. do 9-4 82^. do 10-4 87i Wamsutta 36 20.

Pbintinq Cloths are in good demand and are steady, 64x6 4s selling

at 6fc, and marulacturers firm in anticipation of a rise.

Peints are selling rather more freely, and are firmer at the

recently revised quotations. American 10, Albion solid 10^, Aliens 10,

do pinks 11, purples 10}, Arnold 8}, Atlanlic 6}, Dunnell's 10}, Hamilton 10^, London mourning 9}, Mallory —.Manchester 10, MerrimacI) 11. dn W pink and purple 12}. do W fancy 12, Oriental 10, Pacific

II, Richmond's 10}, Simpson Mourning 10, Sprague's pink 11, doblue and White 10}, do shiitiogs 9}, Wamsutta 7^.

Checks.—Caledonia 70 23, do 50 22}, do 12 26}, Ho 10 21, do 8 17,

do 11 22, do 15 27}, Cumberland IS, Jos Greers, 55 15}, do 65 18

Kenncbeck 20, Lanark, No. 2, 9}. Medford 13, Mcch's No. A 1 29.

Denims.—Amoskeag 26, Bedford 14^, Beaver Cr. AA 20, Columbianheavy 21, Haymaker Bro. 14, Manchester 20,Oti8 AXA 22}. do BB 20.

CoesetJeans.—Amoskeas; 114@12, Androscoggin — , Bates 9. Everetts IS^, Indian Orchard Imp, 10, Laconia 11}, Newmarket 10.

Cotton Baos.—American *80 00, Great Falls A $36 00, Lewiston1

$30, Ontario A $82 50, Stark A $35 00.

Brown Drills.—Atlantic 12}, Appleton 12}, Am«Bk«ag IS, Augustd12}, Pacific 12i, Pepperell 13, Stark A 12|.

Stripes.—AH)anv 7}, Algoden 16}, American 11@I2. Amoskeair'18@1 9, Hamilton 18}-@19}, Haymaker 12@18, Sheridan A9},doO 10,

UncaBville A 12@1S. Whittenlon A A 22^.Tickings.— Albany 8^, American 14^, Amoskeau; ACA 29. Hf

A 24, do B 20, Ho C 18. do D 16, Blackstone Rivsr 14}, Conestoichextra 82 21, do do 36 25, Cordis AAA 24. do AGE 27, Hamillon 20,Swift River 13}, Thorndike A 14, Whiltendon A 25, York 80 22}.GiNOBAMS—Olyde, 11^; Earlston, extra, 18 ; Glasgow, 18; Gloucester,

11^; Hadley, 14 ; Hampden, 16; Hartford, 12; Lancaster, 1 6 ; Lanca-shire, 11} ; Pequa, 12^; Park Mills, 14 : Quaker City,—.

MoussELlNE Delaines.— Pacific 18, Hamilton 18, Pacific Mills printedarmurcs 19, do Imperial reps 22}, do aniline 20, do plain asiorteJ

colored armures 13, do do Orientals 17, do Ho alpacas 21, do docorded do 22-}. !

Carpets.—Lowell Company's ingrain are quoted at $1 for super

fine, 2 moe. credit, or less 2 per cent.. iO days ; $1 15 for extra super,

and $1 42} fjr three-ply ; Hartford Company's $1 for medium super-

fine; $1 16 for superfine; $1 42} for Imperial three-ply, and $1 50 ;

for extra three-ply; Brussels $1 70 for 3 fr., $1 8) for 4 fr., and

$1 90 for 6 fr.

IMPOUTATIOSS OF DRY ttOOOS AT THE POUT OK «EH YOKE.}

The importations of dry goods at this port for the week ending[

March 34, 1871, and the corresponding weeks of 1869 and 1870,

have been as follows

:

ENTESSD POB CONSUMPTION POB THE THE WEEK ENDING MABCH 24, 1871.

FROM HEW roBK.DomesticB. Dry Goods.

pkgs. Val. pkps. V»'Total for tlie week.... 82 $4,850 4S $11,234Since January 1, 1871 . 6,740 272,943 492 107,505Same time 1870 3,.317 499,408 757 207.278

" 1869 6,384 662,721 548 40,242" " 1868 2,959 245,617 1,060 367,:W3". • " 1867 1.148 148,882 1,831 405,491" " 1866 143 22.188 624 269,828" " I860 82,806

pkes.30

1,713917

2,3488,3181,357

7714,859

Pkffs.Manufactures of wool . . . 677

do cotton. 1,391

do sUk.... 415do flax.... 1,028

Miscellaneous dry goods 719

1869. .

Valne$263,827376,364366,966233,465182,859

Pkes1,1351,729

826l,li6

638

1870.

. Valne$470,797456.302581,726250,390215,080

PUffB.1,4301,748

876950

3,802

1N71.Value.$572,486507.899481,998

200.477

228,060

Total 4,280 $1,373,481 5,454 $1,974,295 8.306 $1,990,444

inrnDBAWN raov warehoubb and l-hrown INTO THK MARKET UUBlNfl'THE SAVE PERIOD.

Manufacturers of wool . . 695do cotton. 824do sUk.... 73do flax.... 824

MiscellaneoQS dry goods 388

$240,91678,99482.97278,77427,892

618485126891

1,948

$230,9.30130.966130,129146,96355,017

889631171

9706.871

$S1S.86(.

173,680

172,49^177,91!;'

67,284

Total 1,804

Add ent'd for consn'ptn 4,230$509,5481,378,481

4,068

5,424

$694,0051,974,295

9.5328,306

$907,2«1,990,44'

Total th'n upon m'rk't. 6,034 $l,8a3,029 9,522 $2,668,300. 17,838 $2,897,641

KMTEBBD FOR WABBBOCSIM.l DIIKINH THB »AMP ^BtClOP

Manufacturers of wool.. 793do cotton. 395do silk.... 90do flax.... 413

Miscellaneous dry goods 1.409

$242,99498.743123,008119,61126,458

60142178

52012

$22.3.858115.75897.543

115,21912,787

Ml640103693

7,928

$510,03l.'>7.10

101.24

9.!.6i

65,64

Total 3.100Add ent'd for consu'ptn, 4,230

$610,8141,378,481

1,6924,454

$56.5.160

1,974,2959,802

8,306

$627,6'

1,990,41

Total cntw'd at thcport 7,830 $1,984,295 7,14« $2,639,465 18,108 $2,618,0i

Page 29: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

March 25, 1871.] THE CHRONICLR 381

Banker* and Brokers

SPENCERIAN

STEEL PENSnanamctnred by the Original InTentor

or Steel Pens.

THE CELKBRATEO durability and petfecUou of

action of tboM P«na ar« owing to a pccnllar procen

of Carbonizing, and to the groat care taken In their

manofkctore by the moat (killed and experienced

workmen in Earope.

Thoy are a nearur approximation to the real

SWAN ttl>H,l. than anything hitherto In-

ranted.

For aale by Dealers generally.

B»" 8A:>tPl.E CAKP , containing aU the

14 Nuitil>erw , nrtlsticsUy arranged and securely

Indoaed, acut by mail on receipt of US Cenf

.

IViaON/BLAKEIHAN TAYI.OB 4c OO,

138 and 140 Grand Street, New York.

Otoaec Ototki, Wh. a. SrapauraO. PBAKOia Opdtex

BANKING HOI7SB OP

Gro. Opdyke & Co.,

NO. as NASSAU 8TBEET,(Uomer of Uedar atreet.)

0VPO8ITS received from Intllvldnala. Firms, BanksBankers and Corporations, subject to cneck atslKtit, and Interest allowed at the rate of Foub percent per annum.

caUTIKlCATES OF DEPOSIT Issued, bearing F0TJ»Ser cent Interest, payable on demand, or afterzed dates.

CULLUCTIONS made on til accessible points In theUnited states. Canada and Europe. Dividendsand Coupons also collected, and all most promptlyaccounted for,

0RDRK8 promptly executed, for the purchase andaale of Gold ; also, Oovernment and other Securi-ties, on commission.

IKPURUATIOM furnished, and purchases or ex-changee of Securities made for Investors.

HK00TIAT10N8 ol Loans, and Foreign Exchangeeflected.

Texas Cards.

North Eastern Texas.

CoUectloiia made on all aeceaalble polnta by

IJAIBES ABBUCKLB dc CO.,

' BACKERS,

Jefferson, Texas.

Moore & Wilson,(Sncceaaora to H. M. Moore,)

BANKEBS, BRTAN, TKXA8.Coll'ctlona promptly remitted. Correapondents InNew Tork—Messrs. w. F. Converse & Co.

, a. JOHNS.. KVaBBTT.

. C. KIBBT.W. TO» BOSINBBBe

C. R. Johns & Co.,TEXAS LAND AOBN€Y

BANKING A EXCHANGE.AUSTIN, TEXAS.

PorcbttRft and sell real eatat«, paj taxw and adJoatTUle9, proaecatti Land and money olalaia ajralnst cbaState and Federal Gorernments ; make colleccloiiBBeceUe deposits and execute Truata.

J. L. Leonard & Co.,BANKEBS,

TEBULNUS OP CKNTICAL ailLBOADKoaae, Tezaa.

WM. A. fOBT,Late Port A Trice.

|QBOa8BW.J*oiaOH.I Late Cashier 1st Nal. flan k

0»»lpolla.O

Fort & Jackson,BANKKHS,

XTACO, TEXAS.RBFBBBirOXa AND <-OBBBBPONDBKGI*—New T.^rV

Wlnslow, Lanier A Co, David i)'Ws* Co ciSl^T,.aaU: First National ItaSk. Me"chaJu NatlMal BiS^S'Saw Orleans: Louisiana VtaOonal Bank Wh.lSS^l'fHtt, Bankers. Oatveatoa: T.H.lloMaaB*SJ *

luBuranoe.

EgUITABLELIFE ASSITBANOB MOCIBTT

OF TllK UNITBD STATUS,

ll(,llt,UO,ia A lU BKOADWAV, NRW YOBK,

- $12,000,0006,000,000

Aaaeta ower • •Income • • •

WILLIAM C. ALEX ANDKIi, President.UKMItV II. UTDR. VlceP esldont.

OKOKOK W. PHIlLII's, Actuary.JAMES w. aLEXANIiKK, Secretary.

UAMUEI. BoUKOWb, City Mviager.

Misoellaueoiu.

J. S. & E.Wright & Co.,

83 A M Franklin street MBW YORK.«» Franklin BUeet BOSTON.

341 Cheetnnt atreet FHILADBLPHIA.

AQENIS FOB

Pepperell TXUg. Co.,Otla Company.

Bate* m)c. Co.,Columbia llU)c. Co.,

AndroacoKKln Klllla,

Continental mils.,

vrarren Cotton nillla,

Laoonla Co.,Boaton Dnclc Co.,

Franklin Co.,Tborndlke Co.,

Cordla MlUa.

BrinckerhofF, Turner &Polhemus,

Manofacturers aad Dealers In

COTTON S A.ILDUCKAnd all kinds ot

COTTON CANVAS. FELTING DUCK, CAB COVER.INO, BAOGINO, RAVENS DUCK, SAIL TWINES

AC. "ONTAKIO' SEAMLllSS BAGS,• AWmNQ STRIPES."

Also, Agerts

United Statea Bunting; Companjr.A fnll anpply all Widths and Colors always In stock

1 3 & 1 6 Llapebard Street.

MuSCOGEfinanhfactubing compan r,

COLUMBUS, OA.,KAinTTAOTrBXBS OV

Sheetlngia, DrUllnKa, ITama, Bope,&c.G. P. SWIFT,Pre8t. W. A. SWIFT, Sec. A Tr.

KBirroK Cox,)HoBsOB MiKozi,, ^ General DuriBi, Dbxw.

Wk. H. HOTOBiNaoN. ) Partnera. special Partner.

Kenyon Cox & Co.,BANKERS & BROKERS,

SI WALL STREET.

Government Beonrltles, Stoeka, lloada and Goldbought and aold on commlaalon.

The Railroad Gazette,Pnbllabad at 110 A lU Madison St., Chicago, by

A. N. KEIiI.OOO,

Is a Weekly Illustrated Journal of M pagaa. aa larseaathoaeof BvltBli' SATURUAr. •-•—.••"«»

IT CONTAINS

A Complete Record or Railroad Newa t

The Progress of New Roads—Elections and ap-pointments 01 offlcera—Contracts Let and tobe Let summaries of Annual Keporta—Il-lustrated deacrlptlona of Railroad Im-provementa—artlclea both originaland selected on railroad opera-tion and dvU and mechanicalei:glnaenog, and dlscua-sloDS of the relatlouaof Railroad Com-panies to thecommunity.

This Journal Is prepared espe lally for stoekboldera.directors and offlcers of railroads, and all railroadamplo>eea.

Priea $4 per annnm, la advaiiea.

Traniportation.

GREAT

Southern Mail Route

NEW OBLBANS, IH ESIPR IS, ANrnOBLLE—AIil. RAIL.

HflWJB^Leare Neiv York

At S.IO A.M. tor RICHMOND, and Points on the Coaat" - - - -

t street, via NewOllKAl SOUTH.

At«,30P.M. fiom foct of Cortlnudt street, via NYork and Philadelphia Lino, by OilKAl St

"'KK.> MAIL IIOITU IIIAIK. for Richmond, NOrleans, Mobile, Memphis, Chattanooga, NashvllieAtlanta, Maevo. and Intermediate points.

BTATIOMS.MUea.

NEW YORKWASHINGTON HiQOKDONSVILLE.. .. 824BKISK/1 610K^OXVlLLE 74)•olkvei.and siatCHATTANOOUA... 8S0NASHVll.LK i;iOl

icOKINlH 06«{grand JUNCT.ONllinMEMPHIS 1159••JaCKSoN 13.

D

ATLANTA 9.)2

MACon..... lOKMONTUOMERr 1127MOBILE I8S2NE.. OULEAN8 ISOU

oo*e aoirrH.

Time.Lv. 9 <0 p.m." e.&$ a.m." UM prm." IM a.m" 1.14 p.m.** iJtS p m." 8.tO p.m.Ar. 5.10 a.m.Lv. 8.00 a.m.

ilSt ajn.Ar. 3M pjn.Lv.r..45 pjn.Ar. 8.IIS am.

iM p.m.8.00 pjDSjOO am.10.10 a.m.

eo'a Boara.Time.

Ar. 6.1U ajn." «.00 p.ia." 111.45 pja" 7.2SPJD."1115 aun.•• e^n a.m.** 4.45 a-m.** 6.0O p.m." 5.44 p.m." »30 p.m.<* UJS p.m.•• 4.H7 p.m." 7J5 pjn.* 7.55 a.m.* 5.4Saja." 5J0 p.m." iM ajn.

* Change cars lor Atlanta, Macon, Montgomery.Selma, vvest Point, Eufania, Mobile, Savannah, anaintermediate points.

t Chai.ge cam lor Nashville and New Orleans. Nochange Irom tlile point to New Orleans.

t Change cars for Mobile, via M. A O. R. ZL—AU Rail.(Change cars for Memphis.** Change cars tor Vicksburg.

J. R. FATES,General Eastern Passenger Agent.

PACIFIC MAIL STEAMSHIP COMFANZ 8

THROUGH LINE

To California & China,

and japan.

m^TUBOnOH FAREB-NEWTO

SAN FRANCISCO,

TOBX

Flrat Claaa ... $125 to $IfiOSteerage ...... |60

According to location of berthThese rates include berths, board, and all neceaaa-

rles for the trip.->;».<:».

CHANGE OF SAILING DATS.Steamers of the above line leave PI E UN >. 42 NORTH

IUVKK, loot of Canal si reel, at 13 o'clock, noon.On 15tli and SOtb ol' Kach Montb,except when those da^ s fall on Sunday, then the darprevious. •

One hundred pounds baggage Ire* to rach adtUt.Medicine and attendance tree.Dt;parture ol loth touches at KINGSTON, Ja.

Steamer will leave San Francisco 1st every mouth forChina Hnd Japan.Fcr f.elahi or passaize tickets, and all farther Inlor-

matloo, Hpply at the Company's ticket olllce on thewharf, foot 4f Canal st.

F. R. BAB¥, Asent.

For Liverpool,(Via Qneenatoivn,)

CARRYING THE UNITED STATES MAILS.

THE LIVERPOOL AND GREAT WESTERHSTEAM CoMPasY will dispatch one of their Oiat-class mil-power iron screw steamships from

PIER No. 46 NORTH RIVER, EVERr WEDNEBDATaa follows

:

NEVADA. Captain Green Mar.28, at a AJtCOLORADO.tapt.T.F. Freeman. Apr. 5, at 8 PJI.W1.-.COVI-IN, Capt. Williams Jlpr.u.stU It.NI-BBASKA, Capt.riuarj Apr. 1\ at 8 P.lfWTuMINO.Capl. Whlner«y Apr. 19. at 8 P.MMINNhSOTTA.cap T. F.Freemanapr. M, at 10 P.m!

Cabin passage, 880 gold-Steerage passage, (Olllca No. » Broadway) gap ear.

rency.For firelght or cabin paaaage apply to

WILLIAMS A OUTUN. No. (8 Wall-at.

Taussig, Fisher & Co.,BANKERS AND BROKERS,

No. 83 Broad Street, New York.Boy and Sell at Market Katea

AI.!. ITNITED STATES SECVBITUS >

Solicit acconnu Irom MKUCUANTS, BANKUaand othera, and allow mtereat on dally balauCca. auk.jaet to Sl^t Uralt. ' """«•• "••

Hake coUectloiu on favorable termsand promptly execute ordera for the purchase or saleof

Gold, Stat«,n Fedaral, nndLBallr—SecurlUea.

Page 30: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

382; THE CHRONICLE. [March 25, 1871.

Tsufoxajuio

OFFICE or THE

A T L A N T I C

Mutual Insurance Co.

Niw TOEX, Jannary S6, 1871.

The Trnflt«e3, In conformity t o the Charter ot the

Company, submit the following statement of Its affalrt

on the Slst December, 1S70

:

Fremlnms received on Marine RlJto, from

lit January, IKO, to Slat December, 1870.. $5,270,690 09

Premium! o < Policies not marked off Ist

January. 1S70 2.155,723 6i

Total amount of Marine Premiums.. ..t7.426,413 73

No Policies have been Hsned upon laio

Risks • nor upon Fire Bisks disconnected

with Marine Bisks.

Fremiujns marked Off trom 1st January,

1870, to Slst December, 1870 , t5,398,733 55

lA>sses paid during the same

period t2,25S,590 8»

Batums of PrcmlunM

and Expenses tl,063,263 57

The company has the following Assets, viz.:

United States and State of New Tork

Stock, City, Bank and other Stocks »8,843,740 00

Loans secured by Stocks, and oUierwlae. . 3.877,350 00

Beal Estate and Bonds and Mortgages 217,500 00

Interest; and sundry notes and claims dne

the Company, estimated at 839,352 03

Premium Notes and Bills Receivable 2,089,915 95

Cash in Bank 316.125 45

Total amount of Assets.

Insurance.

.,$14,133,983 43

Fire Insurance Agency,No. 62 tTAIili STBEET,

NEW TORK.

JEtna. Insurance Comp'y,HARTFORD, CONN.

INCOKPOBATED 1819.

Cash Captua $3,000,000 00NetAneM $5,498,722 05

SpringfieldFIRE Sc mARINE INSURANCE CO.,

SPRlNeFtELD, MASS.INCOBPOBATED 184 9.

Cash Capital $500,000 00Net Assets $886,170 69

Providence WashingtonINSURANCE COMPANY,

OF PROVIDENCE, B. I.

OBGANIZED 179 9.

CasU Capital $200,000 00Net Assets ...., $415,148 61

AmericanINSURANCE COMPANY,

OF PEOVIDENCE, B. I.

OBGANIZED 183 1.

Cash Capital •....:.... ..$800^000 00Net Assets $S70,624 51

JAS. A-. AKMx'AN'Ofilk, Agent.

Insurance.

OFFICE OF THE

Six per cent interest on tile outstanding certificates

of profits will be paid to the holders thereof, or their

legal representatives, on and after Tuesday, the

Seventh of February next.

Ihe outstanding certificates of the lasne of 1867 will

be redeemed and paid to the holders thereof, or their

legal rcpre8cntatlves,on and after Tuesday,the Seventh

of Febmary next, from which date all interest there,

on will cease. The certificates to be produced at the

time ot payment and cancelled. Upon certificates

which were issued cln red scrip) for gold premiums,

such payment of interest and redemption will be in

SoM.

A dividend of THIETY-riVE Per Cent is declared

on the net earned premiums oi the Company, for the

year ending Slst December, 1870, for which certificates

will be issued on and after Tuesday, the Fourth of

April next.

By order of the Board,

J. n. CHAPMAN, Secretary*

ORIENTMutual Insurance Co.

Niw TOBX, SSth Jan., 1871.

|3r"THK FOLLOWING STATEMENT OF THEafl'alrs of the Company on the Slst day of December,

1870, is published in conformity with the provisions oi

its charter

:

Premiums unearned Slst December, 1869. . (376,330 97

Premiums received during the year end-ing Slst December, 1870 1,056,851 85

Total Premiums 1 1,333,182 82

Earned Premimns of the year.f1,018,888 32

Losses and Expenset .$492,594 88

OFFICE OF THEPacific Mutual Insurance

COMPANY.HOWABD BUILDING, 176 BROADWAT.

Nkw Tobk, January 12, 1871.

THE FOLLOWING STATEMENT OF THEJairs or the Company is puollsbed m conformitywith the requirements of Section 12 of its charter

:

Outstanding Premiums. January 1,

1870 $106,924 04Premiums received from J anuary

1 to December SI, 1870, inclusive 484.S40 67

Total amount of Marine Premiums $591,7<!4 71

This Company has Issued no Policies, except on Cargoand Freight for the Voyage.

Ho Risks have been laken upon Timeor upon UdUs ot Vessels.

Premiums marked off as Earned, dtirlng theperiod as auove $G06,'IS3 79

Paid for Losses and Expenses, less Savings,&c., during the a ime period 345,855 70

Batura Plemiums 42,670 01

The CompanF has the foUotvlneAssets:

CashlnBank $76.5'!2 85Uiil edStatesand other Stocks.... 417,918 38Loans on btocks Drawing interest. 2T2,5iO 00

$766,9907*Premium Notes & Bills Receivable ns.lSS 84Subscription Noies in advance ofPremiums 66^000 00

Reinsurance and other Claims duethe company, estimated at 18JSK 83

•^Total Assets :$l,016,i00 40

SIX PER CENT INTEREST on the outstandingCertificates of Froflrs will be paid to the holdersthereof, or their legal representatives, on and afterTUESDAY. th.> 7th a y of February.FIFTY I'E H CE iNT O K I'H K O U 1 STANDIKG CER-

Tlb'lCATKbOF lUli: C0Mi'ANY,OFTHEISSUBOFlh66, will be redeemed and paid la cash to the holderathereof, or their legal representatives, on and afterTUESDAY, the 7'h diiy of February, from which dateInterest on the portion redeemed will cease. TheCertiUcates to be produced at the time of paymentand cancelled to the estent paid.A Dividend ia tcriia of 1 vvKNTY PER CENT, is

declared on the net amount of hariied Premiums lorthe year ending December Slst. 1.^70, for which Cer-tificates will be issued on and after TUSSDAT.the4tli day of April nc.\lBy order of the Board.

TRUSTEES s

TBUBTBEBl

Be-Ir-surancoaod BecurnFremiums.$232,691 46

Assets 3 1St December, 1870.CaSh In Banks $256,079 08United Stales Stock 657,625 00Stocks of States and Corpora-tions, and Loans on den^and.... 190,933 58

$1,004,687 66

Subserlptlon Notes (of which$180,494 35 are not yet used) . . . .$525,576 68

Bills receivab'e, uncollectedPremiums and Salvages.... .. 271,59147

Accrued Interest and unsettled

John E. Myers,A. C, Richards,G.D. H Gillespie,C. B. MUnor,Martin Bates,Moses A. Uoppock.B.W.Bull,Horace B. Claflln,W. M. Richards,A. 8. Barnes,Egbert Starr.A. Wesson.John A. Bartow.Oliver K. Kiug.Alex. M. Earle.

William Leconey,Wm. T. BlodgettH. C.Southwlct,Wm. Hegeman,James K. Taylor,Adam T. Bruce.Albert B. Stranffe.A. Augustus Low,Emil HelDeman.Jehial Read,John li. Waller.William A. Hall,Francis Mnran,Theo. *v. Morris,XilC\Jt .. . JlXVl 1 IS,

Stephen c . feouthxnaydJOHN K. MYERS. President.

'

WILLIAM LECONEY, Vlca-rre«ldentTHOMAS HALE, Secretary.

accounts 25,612 89822,730 M

J. O. Jonei,

Charles Dennis,

W.H.B. Moore,Henry Colt,

Wm O. Plckersgill,

Lewis Curtis,

Charles H. BusseU,

Lowell Holbrook,

R. Warren Weston,

noyal Phelps,

Caleb Barstow,

A.P. Plllot,

William E. Dodgg,David Lane,James Bryce,

Daniel 8. Miller

Wm. Sturgls,

Henry E.. Bogert,

OtUUsPerklzB.

-t

Joseph GalUard, Jr.

C. A. Hand,James Low,B.J. Howlana.BeoJ.Babcock,'Bobt.B.Mlntum,Gordon W. Bnmham,Frederick Chaunoey,B. L. Taylor,

Geo. S. Stephenson,William H. Webb,Bheppard Gandy,Francis Bklddy.

Charles F. BurdetiBobt. C. Fergusson,

William E, Bunker,Samuel L. Mitchill,

James Q. DeForest,

Robert L. Btaart.

Alexander Y. Blake.

J, D. JONES, President

CHARLES DENNIS, Vice-Prett.

W.H H. MOOBK, 2d Vice-Prelfc

«.a^nWLaSQS VtO^i^rest.

Total amount of Assets $ 1.827,418 20

The Board ot Trustees have resolved to pay SIXFEB CENT. Interest on the outstanding Scrip Certi-

ficates, to the holders thereof, or their legal represen-

tatives, on or after the 1st March next.

After allowing for probable losses in the case of

vessels out of time, and unsettled claims, they have

also (In addition to a bonus of Ten Per Cent, already

paid in cash on the Subscription Notes) resolved to

return to the dealers entitled to the same, TEN PEBCENT, on the net amount of earned Premiums of the

year ending Slst December, 1870, for which Certificates

will be Issued on or after the dd ol April next.

By order of the Board,

CHARLES IBTIITG, Secretary,

Everett & Co.,66 State Street, Boston*

A ENTB FOR

AVCnSTINE HEARD St CO.,|

OT CHINA AND JAPAN.

Adyances made on consignments of approved merlchandlze.

TRUSTEES.Joseph Oalllard, Jr.,G< orgeMosle,Kdward F. Davidson,A. LeMoviie, Jr.,E. H. R. Lyman,Henry B. Kuniiardt,Juhn Auchliicloss,Lawrence Welis,>rancls Cottenet,Charl H Luling,Alex'd Haiiill on, Jr..Getirge h'. 'I homas,Carl L. Recknager,W. K.Car.-T.Jr.,Cornelias K. Sutton,Edward Haight,

Leopold Blerwlrth,Simon de Visser,John S. Wil iamn,Alex. M. Lawrence,l-redorlck G. Foster,John D. Di.'C,

Charles Munzinger,Louis Jay,James Bro«-n,^.D. Carlisle,Theodore Fachlrl,C. L. F. R^se,Wm. S Wilson,F. Couslnery,Gusiav Schwab,George H. Morgan.

Wright & Co.,COMMISSION MERCHANTS,]

RW DE JANEIRO, BRAZIL.

Represented in the United States by our House,

Wrlsht, Brown dc Co.,

No. 69 WALL STREET, NEW TOB

Henry Lawrence & Sons^

MANUFACTURERS OF CORDAGE

FOR EXPORT AND DOMESTIC TSI

152 FRONT STREET, NEW YORK

3Bi3tt3S6 IRVING, Seftetary:

EUGENE DUTILH, President.

Jt.i^hP.S.'^°^' Vlce-fresident.

John Dwight & Co.,MANUFACTUKEBS OF

ALERATDS,SUPER CARB. SODA, &0.|

N«. II Old Slip, NenrVork,

Winslow, Lanier & Co.,BANKERS,

27 PINK STREET, NEW TORK.

Receive; the accounts of interior banks, banksn,"

eorporstions and Merchants.

Agents for the sale ol City, County and RaUrosd

S«ads, issue Iictters of Credit for foreign trsvtl.

Page 31: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

rfMaroh 26, ISHJ THE CHRONICLE

PRICES CURRENT.ABBB»-

BglA08TUFFa-eeo ipaolal nport.BRICKB-Commonhard VM •CrotouPtUladoIpbU ironU

BaTTER AND CI1SEB&-Boller—

BCato arklns. primeBUta. Orklna, fair4tate, hair-arklna, oholoa.Uate, halMlrkliia, fair....'voUh tuba, primafVelah taba. ordinaryfaalerg, primaWaatarn.ralr

Cbaeao—Factory prima ft »FaatonrnilrFarm dalrlea, prima/arm dalrlea, fairarm dalrlea, oommou .

.

• COMOO88(10

MnatardiaadiTrlcata... MNntcalla, blae, Aleppo. . noil aula i^old a asUll r(HI 1

larinim<>t

(1 9 <»29 1 wM 1 M37 Mm I IMw i *)n i iaK 1 10

•«»,'S;

10Oblo tatr to prune 10M9

n1«X

u15X

CANDLES-3perin.9Perm, patentStearicAdamanllue...

CBMKNT-Boaendale .mi.

.V»

19

..«bbl

IS 9 i«23 e •Mivum n

so oaSi ®lit » JO

«3 2S

COAt-Neweastle fcaa, 3.3M tt . . . . 8 50a....Liverpool ffas cannel la UO^ u 00Urerpool Souse caonel a 15 00

COCOA-Caracas finMaracalbo (iold In bonJ

)

Guayaquil oo do ....

COFFEE.—See special report

COPPER-Dheattaing, new f)

BoltaBrazlera'oldSheathing, Ac, ,.Sheathlnij, yel. met«l,new 32 S ....Bolta, yellow metal M Sfellov metal nalla a S '

American insot ilXO 2IX

CORDAGE—Manilla (largo and small size)_per lb 17 laiQT.rred ManUla §16XSteal Rope, allslzea IfflWBtttala Boit Rope ^Ig

00RK8-1st regular, qnarts, W gro. 55 a TOdosuperllne 110 ffll TO

as '|K"l»r. Plata 8S a 50^"»> 60 a TOPhial 13 S 40

COTTON—See special report.

DRUGS AND DTES-Alcohol ffl 1 521/Aloes, Cape flit 7 SAloes, Socotrine 45 O 50"Uum aya swAnnato, good to prime . 10 a «0Antimony, reg. of...gold liX» 13Argols, crude 7><5 8Irgols, retlned gold 23 a 3JWAracnl c, powdered. ....a awAssafoellda 28 SBalsam caplvl TiKA SO"Balsam toll! »7Si5alsam Peru 8 9V a *'"'

Barkpetayo a «"Berries, Persian... gold S7)(a

' ftt, pure' i.:u w dei(',.....-. iwoy golOkuUu ACliI golPhoapliorua goiu.Prusnlate potash, Amer.Quicksilver(Julnluo. AmericanBhubarb, ChinaSago, pearledBalaeratusSal amraoulao, ref. gold.Sat iada,Newoaatl«,g'daraaparllla,H.j('d,lnb'

Bar>aparllla,Mex. "SenekarootBanna, AlexandriaSenna, Kaat IndiaShell Lac

>ga) inTd. 4 «a;

388

Soda ash rtOn. 0.) gold. 3 9« S a nSugar lead, W'e.,.7" UwZ

53X

'i'ii

Snlphato morphlncV oz < 00Tartaric acid (chrystal)_ gold sib. 53uaTapToca "."•, "ZtvZ'^'T\'i ""y * •*• <^y '» »

DUCK- ""' '^»KaTena,llght fl pce.15 00 a ....Ravens, licavT .....1700 5Sootch,0-ck,i;o. 1, fini M S

,

^Cotton, No. l".•.•f^ SaDTK WOODS— " ••••

C'lnwood. . . .gold, fl ton. :oo ma . . .

.

Fustic, Cuba. " " . aFustic, Tarapico gold 19 OoS ""Justic, .lamalca '• 18 goStustlo, Savanllla " is ooSFustic, Maracalbo.... " 16 009Logwood, Laguna.... • 83 OOS ""Logwood, Honduras. " at ooS ""Logwood, Tabasco. . . " ao OiS '

'

'

Logwood, St. Uoniln.gold n sna 15 00Logwood, Jamaica is (oa «l 00Llmawood onr. 61 5CaiBarwood... gold ... a so'mi

FIsS-' ""• ^ "«« 3» MDrycod... fiqnint. »60«775P cklecl scale # bbl. 4 50® 5 OOPIcklodcod fibbl. « 000 6 50Mackerel, No. 1, shore ?I OoSsfl soMackerel, No. 1, Bay S! uoaiu SOMackerel. No. 2; • ...I . 18 ooSMac'rel, No. 8, Ma8e.,large. 18 ftaii'soMackerel, shore. No. 2 12 00ai2 «0Mac rel. No. 3, Mass., med. 9 00® » 50Mackerel, No. 1, Halifax... 38 60aSalmon, pickled, No. 1 2J 00S27 50Salmon, pickled fi tee ®34 00Herrng... fi bbl. 6 00® 8 00Herring, scaled . ...fibox. 30®

; 40Herrlug.No.l wS 28FLAX-North River.

iRoir-F!C,Aiaarlcan,No.l...Pig, American, No. 3.PiK, American Forge.I'lg,8riitcn No. 1Bar, reluaO,

Bar, Bwed«a, ordlnalies.Bar.reaned (aa to size)RMtOgmmoB.,Bcroil .... "

iongvata and haU round '

.'.'I ' 95and go

Horseshoe !!!;!!"!' 9?yods,N«8-i«ii)oh ;,. «Hoop., ^NallTro

rork.prlBia m mBafTAalaniaM i; oi)Bee^Hxtramasa isM

'ng. A Amer. 75 ( _rroUFiiosa. ";;;;»v

,rod. IOOOO9KOOO

..KOld.e 30

:::". J ?f-...net.8 78... •• 10 38

139

>-eaah,fiB->

SUUlTS^'oe special 'report.^''^®

ROCKRIES-b*ee special rep

«X

LEAD—BpanlflbGermanEagllahBar....PIpaanAstaaat...'.'

LEATHER-Oak.slaughter.lieaTT ....

middle....;

" light" crop, heavy

'

: i:•sS2<*«

'• rongh slaughter,.£affil'Jc,B. A., Ao,, heavy .

„ " middle..1 „ .

light...CalUbmla. heavy.

" middlelight..

Orinoco, heavy ...' " mldme

.

•' light...." rough'* good damaged . .

,

" poor "LIME—Rockland, common, fl bbl, . ™_,Roaklatad, heavy 175®

LUMBER. BTAVE8, &o-Boothern pine.. ....|29 00® 33 00White pme box boards... !8 OQa 31 op« hite pine mcr. box b'ds' 22 00® 27 00Clear pine... S5 00® 60 1)0Cherry boards and planks 74 00® 79 00

3Iackwalnut 90 00®125 00X-lnch sycamore ii 00® BO 001-inch do 5O00®5200bnruco boards and plauks 2S Ou® SO 00Hemlock bo'rds and plank 24 to® 27 OOtxtra heavy pipe staves twO 000

tsSr.'.v.v;BICB-CaroUna.,, • 100 » lis a 1 a

}•»,?,} 'i">«.'W"rtiiiDgfs an S i (6

BALTfJfc^lJfe^'"""''''''' • " 5 • SBeSned, pan . .

.

b ,...a

BBKD-

&r.'.-.v."*t?.f.9{jBelBp. Ton Ign 2 30Llnaaed, Amafu rooah ....Lins'di al.inN.T.Vbgs a HLlnaevd, Oal. (ba«a> (In

8ni*^'« «•'" ••••

19

140®

tBai1ee,Ko.l,a,8,<A9.fi»Tsatie<-,r«-re*le<iTaysaams No.lA3nalncenCantoa,re-rld,Norto ezdo

spIEt^e^""""" '*' *"''"''

Plaiea,for'n.SlOO«4(old6;5 a eCO„,flatea,dome*tlo..,..T.... TOO all 00

ipiRrfe?" •""'»' "f^"- *" *Brandy— « ^-j,Hennesay .gold. 8 85*8 M

lieavy do

9 special report.

GUNNr BAOa & CLOTH.-Sce specialreport under Cotton.

"yiy-ini

GUNPOWDER—Bloating (B).... fl as b keg. ....® ....Shipping J 5ogKeg rifle 5 75®

6 65® .!.;

9 25® ....28® 100

So5'Bl carb. soda, N'caatleBl chro. potash lay®Bleaching powder SJk® 4Borax, reined J7J<SBrlmstone.cru

. »ton gIdSB OO 936 66'Brimstone, Am. roll V> 2y®Brimstone, flor snlphur. sua '"Camphor, crude flh

'"

„hona) gold 30 ®Camphor, rcttned 70 ®CantUarldcs V 100 lb.... 1 STHaCarb. ammonia, in bulk SCardamoms, Molabar ... 4 50 ®Castoroll J3 SChamomile Sowers, V B n ®Chlorate potash gold 31 aJaustic soda 4 65Carraway seed ....Oorlander seedCochineal, Uondttr.,ifold

4 00 ® 4 06ji

21

17

10

® 4 90

Qoohioeal, Mexican.Coppflraa, American ...Cream tartar, pr ...goldCnbebs, East India. tTT. .

CntcbBpaom saltsSxrtact logwoodFennellseed. ...i^lowera, benzoin. . v'oz.Gambler....gold.. « >.GambogeGinseng, Wes..ern '.'.

Glnaeox, SouthernOnm Arabic, nicked....Bnm Arabic, aorta . . .Gam benzoin..Sn- •

. gold

1x5ii"®9 ®'ijii

80 a

35 ®20 e40 ®

la ®4a ®43 ®....®30 ®

_ nm kowrloGamgedda..Gum damar....Gum myrrh, East'in'dla.*.Gam myrrh, TurkeygamSanegal '"am tragacanth, sorts."Gum tragacanth, w.

„J»key gold 80 aHid. potash, Fr. and

.ng gold S 80Iodine, resublimed ... . 3 60Kecacuauha, Brazil .

.

,•'•!? ....gold

'^cayeCeorlce paate, CalabrialLicorice paste, Sicily ,

.

Licorice paste, bp.. solidLicorice piLHie, Greek.laadder,Dutch goldSadder, Fr. KXFJ'7 "anna, large flake 1 40

;x

«49860896>2a6015

10J{1846458340

Meal..Deer..Blurting, iniBcaiiis''tr8'.Ma)

North River, In bales fl 100^^^or shipping 1 15® 1 20

American dressed. . f! tonJTS 00®a3S 00American undressed 175 00®185 00Russia, clean ,.:340 00® ....j;a'l»n goldieooo®Manila »» " 9*®Sisal gigTamplco fjJSJote gold sU®

HIDES-Dry Hides-Buenos Ayree..fll» gold ....aMontevideo «• . SBio Grande <• aOrinocoCalifornia .

.

do 180 00do 160 00do 175 00,do 150 00'do ICO 00do 12U0Odo 10000

-. -- do ... 75 00Molasses Bhooka.lncl. head'g.'a'60®2 TO

Light . doExtra WavjrhhffHeavy doLight dol^xtra heavy bbl.Heavy do >

Light do"lollKomSagM'

10

«X

22• 2119212020201721

car. 20 ®-- 18 S

a ....

« 8 62>i«iao45 ®....® ao42^i® 4524 ® 2923 ® ....81 ® ....I3X® 1411 9 IIH

lianna^ small flake.. ii^i'88 a

San JuanMatamuras . .

.

Vera Cruz....TamplcoPorto CabelloMaracalbo....BogotaTruxllloRioHacha....CuracoaPort au Piatt

.

Bahla,

TexasWestern

Dry Salted Hides—Maraoalbo gold.Maranham "Pernambuco "Matamoraa **

SavanlUa ••

Bahla ••

Chill •Sandwich Island.. *•

Wet Salted Hides—Buenos Ayres..fllbgoId.Bio Grande "Calirornia "Para ••

New Orleans car.City alauKhter ox A cow

Upper Leather Stock—A.ABlogr.klpfiBgld 26K®

3524

23X22X

21)i

2i"

2220

17

ao

do do 7 4 50®..do . do .2 SO®a 6S

MOLASSES—SecSpeclal report.NAILS-Cut.4d.®60d. fll001b4 40 a 6 15J'llnch 5 j; QHor8e8hoe,rd(6d.)..fl ») 19 ® 06"Copper g; Sleliow metal 22 SNAVAL STORES- " "••Tar, Wa8hlngton..fl bbL 3 45 ®2 60Tar, Wilmington 2 «o a2 45Pitch, city 2 S7X^ 50Spirits turpentine. fl gall. 50)<«' 52j<Boein, commmou to good•trained, fi280»....... 2 60 82 65

;No.l 3ii g3 7(," N0.2 2TO e2»0

;pate.... 4 Ks g4 7j

OARrfM""***"* ......... 4 TO 65 60

8a Ski:: *" '«® "»i

City thlD, (/bl., in bbl».fl ton.41 50®42 OC" inbags 40 00®

OILS—' "•''K' In bags ®42'66

Olive, Mars•es,qts fl case 4 05 a .

Ollve.in casks....* gall. 1 22^® ...;

— , _apoy4Plnet, CasliifonACoMarottACo ••

Legerrreres ' "Other foreign brands "

"H'"':?'*™-' 4th proof. "„8t.Croli, 3d proof... "Gin, different brands . "

Vomentic Wffuor*—Cash.Aiophol (Mperct)Whhikey

STEEL—"

Engl|sn,.<)a«fc.^ fIBEnglish, springEnglish blister ....... .English machinery, ,

'"English German...... "' „American blister ' 1^American cast Tool ' 16American spring.... **

9American machinery " 12American German.. " 9

8 *J®ia OC8 81S 8 atS2S«900sTsauoa8 75® 6 ai32008802 75® 8 00

...aisax91 ® 9l3

7 ®10 a

8UGAR-8ee special report.TALLOW—American, prime, county

TEAS-See special i:epi?t.TIN-

lt'r".?a-.'.'.'.V.'.'.-.''''«?."'

EnglishPlalef

WO t

83}<S,.« 83K

|ISS:f.''c"-c'o'k^„'.'*''«fiii|>«''Plates, Temecok'e::: 6 M i? S

TOBACCO—See special report.

WINES—

|{,'^r?y*»gan.8H.»7 00

. a co®7 sogold 80®1 3C" 3 2U®8 sn

:: i^tS;; 1 06®! u

J. *«> «»" 83 50060 00" 8 00®9 00

13 aU'tia'S13 a....®12X®

123511 ®»x«

11 a9 ®

17181817 .

13

13V

II*10

16"

84

66'

70 ®

8X

60

67X

72X

}'»'•» •• flBLinseed fl gall.Cotton Seed Crude .7...." • yellow

Wlialo, crude Northern.,whale, bleached winter..Sperm, crude 1 85 ®Sperm, winter bleached. I tlMktatLard oil, prime winter... 1 10 aRed oil,StraitsNeata foots

PAINTS-Litharge, fl ftLoad, redLead, white, Am., in oil.Lead, white, Amer..^di

51125

52X-0®01 8S

Bnrgtmdypoit;.';LisbonSlcily,Madelrs.'!.";;"Red, Span. & Sicily..!Marseilles Madeira.Marseilles port...

I Malaga, dry "Malaga, sweet .'.'

plaf^ *caskClaret )) doz.

WOOL—American, Saxony Fleece f) lb 93American, Full BloodMerlno «American Combir.g IiExtra,Pulled kBhort Extra, Pulled mSupernna Pulled..

'' SNo l.Pnlled

*^ SCalifornia. Kpring'cii'p:!""ine, unwashed......

. indlum !!,"*' an

nowashed.*.'.'.'.*.'.'*.',* 28

®S«®9(

04S«8I>

Fine, uiiwaanea tn amMedium S g»Common, unwashed.. .'...'.'.';; S ^Ca'',^iornlVi;Kalic:ipani'i;;m?a-?"In' unwashed "...... r^ 2; aaaFine,

Medium....

MInaa ^.....7.. 36'Sierra Leone cur. 85Gambia and Blsaaa. " 27

^Zanzibar •• 19Baft India Stock—Calcut. Bit. cow fitt gold 16Calcutu, dead green.... 18C'leujla, buffatb. . . . fi » «

.10!?EV-'^"- ''"''* ••

jjgj|^W»'lfP'«»oldflg»U.l 10 01 U

„ - e,Amer-dry.ZIno, white, drr.Ko.i.Zinc, whlte,No. 1, in oil.Zino, white, French, diirZlne, wh., French, In oilOchie, yel., Frenc

....0 96X® 79 ® la

10 ® 10;-"i^"u 15 ..

Ochre' '"gfonBdJaoK 6 •'Spanish bro.,drT.*iaO» 1 00 a 1 258i>M.bro.,gr'dfnoll.«iA 8 a 9Pin»whlte7Engfil(i0ibs. 2 00 a asChrome, yello™ -*

—^ - ^WlUtf

21

Chrome, yellow, dry .

.

WlUtlni,Amer..»ilooVermillion, Chma...

xdtt*d,CaL 9X® l«s

Crop o^O(g'd®prlme) fl D^iiavarian •(ii'W^op';:;;;.

Ox, Bio Grande...Oi<Aairlo>a.,„

.»C.

a 14a 8

IS as

9000 ....

40005 ou

12X000 lb 1 25.y ft 95 2

VermllUou. trleste .... so a 'ss'Vermlllion.Amei , com. 22 a 27Venot. red CN. C.) ii cwt. 2 CO 3 25Plnntbago a acjiBjcGv fiton.aioo -----ChaUc fl ftCbaik. block Vfon.

plTrm^si"""-"'-Crude, 40048 grar.* gall.

60

23K0

Crude, 40047 grav.fs.urd.Beflned St'd white (sh'ng

order)Beflned prime, white,_ (sb*ng «rd«T)Banned 1*. W. (job. lots)Naptha, refln., fe-7S grav.

IReaiduum V bbl

FKOTIBIOire-foris, ncM V bbUotwl t l^^p

,

»\

5«? i.f'n-^^'lno.unwasued 27

£SSi?-^'"-¥."1»»'''nwaahed »booth Am Currtova.w.ahed. ag:JjP«,^od Hope, unwaated. »Texaal medHi'in.'.' .'.".'.".'.' ffTexa8,coar8e '

" STexas, Burrv "" STexaa, Western «Smyrna, uBwatbed

" ubmyrna wa>hed v!Douckol, waahed inDons^l, anwaabed .'.

ij

^'•et. Vft 8X0 •

FREIGHTS— ,—»T1To LiTUiPOOI, : i. d. . a. d.Cotton »ft !i 85-16Floor....* bbl ..r.0....H. goods . fl ton ^5 046Oil 450 0....C'n.bAb.f) bo. 6H0 6Wlieat..b. A b. 5J40....Beef V too a 36Pork fibbl. 4

CoHod. .

.

.Taa; by saS. I..»..«ft

36

9M0

asK

Tallow .

Lard..:...Tobacco V htad.WoodsPetrolaamTo MaLBoimics, « loot.To Sax Fxxxoisco—

Meaaaregient goods a PtHaavy goods #11,Nails, a k«g.PetroNtun. .V 0. 01 wmn.

Page 32: HUNT'S MERCHANTS' MAGAZINE, NEW MARCH · HUNT'SMERCHANTS'MAGAZINE, REPRESENTINQTHEINDUSTRIALANDCOMMERCIALINTERESTSOI'THEUNITEDSTATEft VOL.12. NEWYORK,MARCH25,1871. NO.300 2Vbucrtiscmcnt0

384 THE CHROjSICLE. [March 25, 1871.

Oottoa and Soathern Cards.

Reese, Rignev &r Co.,

MOKTaOMKBT, ALA.,

OTTON BUiriNO,oonmissioN mehohants.

D. S. Arnold,GENERAL

UOJHmSSION ISEBOHANT,AND

Cotton Factor,MONTGOMSRT, ALA.

Cotton.1,000 Tons Arrow Ties for batlugl

Cotton.For Sale b;

8WBS301J, PKRKISS & CO.. AOKKM,

e O. Box 5,724. 80 Beaver »treet, (f . T.

These Ties have been used more eiteMlvely than%H7 otuer*. and last year lor more than oae-balf of all

he cDtion balol h\ cue Ualted stitoa, aad reoelTeahe pre-ulttia at several State fairs.

Miscellaneous.

H- Castluuk,yr. N. Ea.wxs.

Hawks & Castleman,stock Brokers and Keal Estate Agents

COLDMBUS, GEO.

aoTeroment Securities. GoW, Btooka, *»;„»o°^8ol every deacrlptlou. booKht and sold on commlaslon.

Price Williams & SonKXCHANGK AND REAL KSTATK

nealera In Money, KirhaDg^. B°n*»' Nots"' f'°J?[,''

and Real Kstate of everv Tilne. Special attention

given to safe and nrofltable invstmenis.* Ineurance placeA In Kood Companies at lowest rate..

33 Nortli Water Street, MobUe, Ala.PkICK WILLIAMS. Pre.'t. Board ot Trade.

Davis & Freret,BEAIi ESTATE BBOKEBS,

fSSr. CHIRLES STRKKT,

New Orleans, I.oulslana.

Prompt attention g Ten to bavlng, selling and leae-

Ing of plantations and other real estate, paying of

taxes, collecting rents, etc.

WAI.U ST., 88 BEAVXB ST. Post OBlCe BOX 8108.

J.C. Rogers & Co.,

Nkw Tobx,

COMMERCIAL BROKERS.

ilfDIA & DOiTIESTIC GVNNY CLOTB,ennny Bass, Linseed, Jute Butts,

Sngar.

Joseph B. Glover & Co.GaxABLiBHiD 1312. 30 Central Street. Boaton.

Reynolds & Brothers,

NOBFOIiK, TIBGIMA,007 Cotton, Grain, dfcc. on Commlisiou.

[ohn C. Graham & Co.,SBI.IHA, ALABAISA,

Buyers of CottonFor a Commission.

William Lamb,NOBFOI.K, TIBOINIA,

OFFERS his services for purchase of COTTON andother prodace ; and solicits contignments 01

vessels to loai for European ports.Refers to Wm. Bryce & Co., and Oancf , Hymau A

Co., New York.

No. ;0 WALL STREET.New York. January i, 1871.

IK COJTSBCTIOir WITH TH« HODSK OF

Tay Cooke,

McCulloch & Co.,

No. « LOMBARD STREET. LONDON,

irt u* prepared to pnrohue and tell

STEBLING EXCHANGE,TO ISSVB

COMMERCIAL CREDITS and CIRCULAR LETTERSFOR TRAVELERS, availabl* In all parts of

tne world

;

To execute orders in Securities,

TO UaKS

CJABLB TBANBFEBS OF MONEYAnd to transact any business pertaining to an

Amerlean Banklnie House In Ijondon.

JAT COOKE & CO.

Iron and Railroad Materia'

JOHXr B. KBNKXDT. HXNBT X. BAKXB. JOHX S. BABKBS

J.S. Kennedy & Co.,

41 CEDAR ST.. COB. OK WILLIAM ST.

GENBItALi Kail.WAY AGENT < ANiSMERCHANTS.

Buy and sell Railway Bonds and Negooute Loans t >

Railways.

IMrOUTEKS OFIron Balls, Steel Ralls, Old Kails,

Bessemer Pis Iron, Scrap,Steel Trrcs, boiler pla'es, Ae.

AGENTS FORThe Bowling Iron Company, Bradford England.The West Cumberland Hematl'e Iron Co., Workuijt

ton Kngliind.Supply all Railway E .

Railway business generally.ent and undertake al

Morris, Tasker & Co.,Pascal Iron Works, Pbtladelphia.

Manufacturers of Wrought Iron Tubes, Lap WeldtBoiler Flues, Gas Works Castings and Street

Mains, Artesian Well Pipes and Tools,

Gas and Steam Fitters* Tools, &c.

OFFICE AND WAREHOUSES:

IS GOLD STREET, NEW YORK.

NAYLOR & CO.,NEW YORK,99 John street.

BOSTON, PHILA.,iO state street. SOS So. 4tb street

CAST STEEL BAILS,CAST STEEL TYRES,

Cast Steel Frogs, and all other Steel Material forRailway Use.

HOUSE IN LONDON:NAYLOR, BEN Z ON A CO.,

34 Old Broad Street,

who give special attention to orders for

Railroad Iron,as well as Old Kails, Scrap Iron and Metali.

Insiuance.

B. B. Ferrill & Co.,Commission merchants ic Brokers,

8AVANNAE, QA.

Will give strict personal attention to all bnalneasentrusted to them. Consignments respectfully solid.t«d.

Collections promptly remitted.

XOWABD NALLB. . O. O.kiaCAOK.

Nalle & Cammack,COTTON FACTORS * COMMISSION MERCHANTS158 Common Street, New Orleans.

Liberal Caah advances maae on Consignments.

H. S. Fulkerson,COTTON BBOKER,

CORNER MULBERRY AND WASHINGTON 8TS.TICKSBUBG, miss.

Refer to G. M. KLEIN. Cashier. Mississippi ValleyBank. Vlcusburg.

R. A. Young & Bro.,

COTTON ec TOBACCO BROKERS,Petersburg;, Ta.

TheLiverpool& Lon-

don & Globe Ins. Co.

AJfetsGoldS 1 7,690,390AJjfetsinihe

U. States 2,000,000

45 Williaf^St

FIBB INSURANCE.

North American

Fire Insurance CompanyOFFICE 192 BBOADW^AY.

Branch Offices,

3 Cooper Institute Ic 1439 Broadtray.

INCORPORATED ]8«3.

CASH CAPITAL . - - - $500,000 00SURPLUS zaslasT oaCasia Capital and Surplus, July 1,1869,

$705,237 93.

Insures Property against Loss or Damage by Fire atusual rates.Policies Issued and Losses paid at the OfOce of the

Company, or at Its various Agencies In the principaleltle he United State*.

R. W. BLEECKER. President,WYLLI9 lsLACK8rONE,Vice-Pre»'t,2

F. H ETER Becre'Ary,l.e'H ^1 LD,General Agent.

OHAUNOXT TtBBABD

.

ALXZ. r. riSXIBUBBBON FOOTB,

Vibbard, Foote & Co.,40 BROAOW^AY, NEW^ YORK,

)teei RaiJs,

Iron Rails,.

Old Rails,AND

BAILWAY E<IUIPAIENT8.

Gilead A. Smith & Co.,BARTHOLOMEW HOUSE, BANE, LONDON,

Ain>

NO. 62 BROADWAY, NEW YORK.

Railroad Iron.In Ports of Nen- York and Nair

Orleans.

Bills of Exchange on London and circular Metesamounts to suit remitters or travelers.

BXNTLBT D, HASELL, Abtbck Pasx:u

Jesse W. Burton,connisaioN kerohant,

OFFICE 9«» CAMORE STREET,

ImperialFIRE INSURANCE COMPANY

OF LONDON.

Assets .... $8,000,000, GoldCHIEF OFFICE IN THE U. H.

Km. 40 and 43 Pine Vtreet, New York.

B. D. Hasell & Co.,GENERAL RAILWAY AGENTS.

And dealers In RaUivay Iron, Equip.ment and Supplies.

Special attention to negotiating Railway. State andCounty securities.

817 BROADWAY tW Entrance on Thomas Street

BALDIVIN LOCOMOTIVE WOBKS

M. Baird & Co.,PHILADELPHIA.

All work accurately fitted to gauges and thoroo&rb

ly Interchangeable. Plan, Material, WorkmanshipFlnifili and EHlClency lully guaranteed.M Baird. Ch»s 1'. Pairy, Wm. P. Heniey'Geo Burnbam. Edw. H. WUliamB. Ed. Longstretn.

Wm. P. Converse ic Co.,M fin* St., N«w T«rk. A««ati