xmtkHUNT'S MERCHANTS' MAGAZINE.

REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES

VOL. 22 NEW YORK, FEBRUARY 19, 1876 NO 556

Financial.

THK

National Bank-Note Co.,(INCORPOBATBD NOVEMBEB, 18I».)

OZnCE, No. 1 'WALIi STREET,

NEW VORK.

Oaited States Bonds, Notes, Cnrreaeyand National Bank Notes.Bnobatinq ahd Psntmia or

BANK-NOTES, STATU AND BAILSOAD BONDS,

POSTAGB AND BEVENtJB STAMPS,

OXBTIFICATBS, DRAFTS. BILLS OF SXOHANGi:,AND COMMEBCIAI. PAPERS,

In the highest ntyle of the art with $peeUil »af4-

quarit derlged and pattnted, to prevent counterfelting and alterations.

This Company engraves and prints bonds, postagestamps and paper money for yarioas foreign

Governments and Banking Institntions—SouthAmerican, European, West India Islands, Japan, &c.

Communleatiom may be addretted to tM*Companif in any language,

J. H. TAN ANTTTERP, Pres't.jr. inACI>ONOi;GII, Vice.Pres>t.A. D. SSEPABD, Treasurer.JJiO. B. CVSttUKHf Secretary.

Edward C. Fox & Co,

STOCK BROKERS,

30 BROAD ST., NETT YORK.Stocks, Bonds and Qovemment Securities bought

and sold at the New Tork Stook Exchange.

We give Special AttentlOK to State,

Olty, Conntr and Toivn Bonds, andSecarltles of defaulted Railroads for

wblcb there is no reealar market.

QUOTATIONS FURNISHED.

AUenSTDS J. BROWN. Wi.LSTON H. BKOWir.

Aug.J. Brown & Son,BANKERS,

69 Liberty Street, New York.

BPBCIAL ATTKNTION GIVEN TO THE NEGOTIATION OV

RAILROAn SBCVRITIRS.

Charles G. Johnsen,

MERCHANT AlVD BAIHKER,

186 GRAVIKB STREET,

REW OKLBAIf*, I. A.

Financial.

Brown Brothers & Co.,No. S9 WALL, ST., N. Y.,

leine, against oasta deposited, or latUfactory goarantes

Of repayment. Circular Credits for TraTelers, In dollars

for use m the United sutes and adjaceut countries,

and In pound9 Hterting tor use In any part of the

world.

THEY ALSO IS8U8 COMMEKCIAL CUEDITS,HAKE CABLE TRANSFEB3 OP MONEY BE-TWEEN THIS COUNTRY AND BNOLANO, ANDDRAW BILLS OF EXCHANGE ON GREATBKITAIN AND IRKLAND.

John Munroe & Co.,No. 8 'Wall Street, New York,

No. 4 Post Office Square. Boston.CHEQUES AND CABLE TRANiiFEItS ONniUNHWK Jk OO., f.lKiS.

STKRLlNa CHEQUES ONALBXANUKRS, CI'NLIFFBS * CO.

London.SIXTY DAV STEHLINO ON THE

CONSOLIDATED BANK, LONDON.

CIBOULAB NOTKS AND CRXDITS FOB TBATBLBBS

FISK & HATCH,BANKERS,

No. & NASSAU ST.4 NRW VOR&.

We give partlcnlar attentloa to Dirkot Dbaliitq*

IN OOTKRSM KXT BONDB AT CUBRSNT If A.RKKT SATKB,

and are prepared, at ull times, to buy or «e11 In Urge

or small amounti, to salt all clastei of InvettorB.

Orders by mall or telegraph will receive careful atten*

tlon.

We «haU be pleased to funilsli Information In

reference to all matters connected viUi InTestments

In QoTf^rnment Bonds.

We also bay and sell Qoi^d and Gold rotiposs.

COLLKOTDlTlDBNDS.and TowK. CouMTTand StatiCouroNB, &c.. and buy and sell, oh Cohuission, all

Mabkxtablb Stock • akd Bonds.

in onr Banking Dbpartm BUT we recelre deposits

and remittances subject to draft, and allow Inierest*

to be credited raomh'y. on balances averaging, for the

month, from $1,000 to $5,000. at the rate of three per

cent per annum, and on balances averaging over

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

FISK 4c HATCH.

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

BIRING BBOTHIEBS & OOmPANY,S3 WALL aTRBET, NKW TOEE,

ts STATit aTRintr. boston.

Sherman & Grant,BANKERS,

WASHINOrON, D. C.OaiTBBal, EZCHANSB AND PAVKINI) BvalHBSS.

CoLLBcnoHft C*.* ALL hOiBTa.

Samuel Shaw,BANKER,

And Dealer la Oonamerelal Papor, ot*.'

•« WAbb STBBKT.

Financial.

F. i. Kbsbt, PrsaldsBt. 8. O. Collihs, Cashlsr.

The Exchange BankOP DENVBB, COLOBADO.

Capital Mock, «StO,0)00.

Special attention given to Collections, and to tb

Investing of moaer on ir8t.ctass real estate security

fornoD-resldentB.

CORRESPONDENTS.Tradesmen s National Bank, and Oilman, 8oa * Co.,

New York ; Wells, Fargo * Co. 'a Bank, Ban f ranclaeo.

Maturin Ballou,e Wall Street.

1NVEST3IENT SB0I7BIXIESA 8Pa.CIALTr.

The luvestment of Tru«t or other funds on FirstMortftag ' security effected

.

Commercial paper negotiated.

Wm. R. Utley,4 IITALL STREET, NEW YOHK.DeaU In all FIitST CLAS-i COUNTY, ( II'Y and

TOWN BONDS, embrrcing allttaa large cities of thelollowing States:

NKW YOKK,I

OHIO,PKNNSiLVANIA, ILLINOIS,lOvVA, j INDIANA.MICHIGAN, Wl»i;i>N81N,MlSKOUBi, I KANSA-*.

Railroad Bo i.da that bsTS a marketable rtlae will bereceived in exciiaoge.

G. BUOBIHSILAM, JB. EDWABD B. UNDBaaiLL.

Buckingham& Underhill(liemljers New York Stock Eichtnge.)

BROKERS IN

STOCKS, BONDS, SOLD,AND OTHEK SECURITIKS,

No. 16 ITall Street, New Yor".

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

BANKERS AND BROKEBS,

64 BROADWAY AND 19 NSW STREET,

F. O. Box 4SS9. New York.

Order s in Government Securities, KallvsT Staares

and Bonils, eie.utea strlcll; on Commlsalun, at theNew Yr rk Stook Kxcbaoge.Particular att''ntlon paid to iDTeatmenta. Forelan

Kxcliatige Bonsht and Sold. Deponits received sub-ject to slifht cneck, and interest allowed on dailybalance'*, according to the nature of the account.Prompt attention giveu to Cullec' ions and Remit-

tances. Information CO' cernlng a' y speeUed securitywill be cheerfully furnished without charge.

K. W. OlLLIT. JBj «.8.eiiJ.BT.Member N. Y. Stock Bzehange.

J. NBLSoa TArrax, SpeclaL

Aindrew Stuart & Co.,BANKERS,

34 PINE STREET, NEW YOBK.DRAW EXCHANGE ON

DAVID STUABT & CO. Llwerpool,Pavable in London.

Adwaneee niade on Conalgnmente.

G. Amsinck & Co.,ISO Pearl Street, New York,

AABirrs roB tbb

LONDON AND HANSBATIC BAH!(LnoTBDl.-LOMDOH.

u THE GHllONICLR [Februajy 19, 1876.

Financial.

Drexel, Morgan & Co.,WAIiL STRKRT,

CORMER OF BROAD, NEW YOKE.

Drexel & Co.,j

Drexel, Harjes & Co

Ho. 31 Sot'TB TniBD St., 31 Boulevard Bauaamaim

Philadelphia. | Pari*.

DOMESTIC AND FOREIGN BANKERS.DepoBlts received Bubject to Draft. Securlttes, Gold.

Ac, buiiglit aiiilHOld on t^oRiinlbilon. Interest allowedOQ oeposit-'. Foreign K^cc-liange. Cninnieroia) C-edlls.t.'Mblfc 'Iransft-rs. Circular Letters for Travelers,available in all parts of tbe world.

ATTORNKYS and AGKIiTS 07

mesars. J, S. VlOHtiMS Sc CO.,No. 82 OLD b;{OAD ST., LONDON.

Morton, Bliss&CoBankbes, 3 Beoad St., N. Y,

Issue Circular Notes and Letters o(

Credit for Travelers; also Commercial

Oredits available lii all parts of tUe World.

Negotiate First-Class Railway, City andSlate Loans ; Make Telegraphic Transfers

jf Money;

AND DRAW EXCHANGE ON

MoETON, liosK «fc Co., - London.

IIOTTINGUER 4& Co., - - - PaEIS.

Hope & Co., ... Amsteedam.

aukncy ov

Merchants' ..Bank

Canada,63 WALL STHEKT.

Capital. ..... $9,000,000 Gold.Paid up, ..... 8,128,626 "BlLs of Kxcbauge boaght and ao-d. Commercial

Credits granted, Drafts oa Canada issued. Bills collect-

ed, and otber Bauknu business transacted.

WALTER WATSON, (.„.„„WM. J. INGRAM, f

Agents.

LONDON AGENCV, 32 Lombard St.

J.& W. Seligman & Co.

,

BANEEBS,S9 EXCHANGE PLACE,

COKNBK BROAD STRKBT, NKW iOKK.

Is8ae Letters of Credit for Trarelerg,

Payable In any part of Europe, AatsrAirica, Australia

and America.

Draw Bills of Ezchan^ and make telegraphic trans-

fers of money on Knrope and California.

Financial.

VERMILYE & CO.,BACKERS,

16 and 18 Nassau street, Nciv l^ork,

DEALERS IN ALL ISSUES OF GOVERNMENTSECURITIES.

NEW yOUK CITVAND

BROOKLYN BONOS.

BUr AND SK.I.L ON COMMI.SSION

RAILWAY hTOCKS, BONDS& GOLD.

INTRBKST ON DKPOSITO.WAFH'.V U. VKUMILYK.

j DONALD MACKAT,JAS. A. 'riiOWKRIIXJK.

ILATHAM A. KISH.

Greenebaum Bros.& Co.,BANKERS,

1 Naaaan Street, Nenr York,

(COBNIB OF Wall Stbibt.)

CHIOAttO HOUSK: HKNU? GREENKUAUM & CO

Issue Bills of Exctiantfe, Travelers' and CommerclnlCre.llts, also Telegraphic Transfers of Money, avail

able In tbe leading cities of Europe and the United

States.

Deposit accounts received on favorable terms.

We uiljr for sale a Urn' ted amount of

West Chicago Park 1 Per Cent Bonds,Due 1890.

<"^11, e^vy & Borg,53 EKclianse Place,

BROKERS AND DEALEISS IN ALL KIN US 0¥

i^OUTilEBN AND mUSCULLA^BOUS

SECURITIES

McKini Brothers & Co.^BA.NKEHS,

4T Wall 9tre«t, N«w Vork>

bduund d. kandolpu. UOWRLL W. BICKLETWILLIAU J. BLACK.

gVJAU-STBQ.^ (N ^ ^,j!WALNUTs.r.

'VCVV-YOP^ O0W^\\Wh. fHluoz\S'ii^

Henry S. King 6c Co.,BANKERS,

45 Pall IQall, London, England.

Issue CIRCULAR NOTES fret.oj cAarffd, avallal)le

In all parts of the world.

Grant COMMERCIAL CREDITS for Use Bgainsl

ConslKoments of Merchandise.

Execute Orders on the London £tock Exchange.

Make Collections on all Polnte. Receive, Deposit

and Current Accounts on favorable terms, and do a

Oeueral London and Foreign Banking Business.

KING, BAILLIE ic CO., Liverpool.

KING, KING «c CO., Boiubay.

KING, IIAiniLTON & CO., Calcutta.

M. K.Jesup, Paton &Co.B A N K E R S,

No. S2 W^llUam Street, New York.Draw Exchange on Union Bank of London.Accounts 01 Banks, Bunkers aud others received

upon favorable terms.

Interest Allowed ou Balances Subject to Drafts at

Sight.

Advauccs made upon Consignments to our address

or to our Correspondents u Europe.

Investment Securities Bought aud Sold.

Knoblauch& Lichtenstein,BANKERS,

36 Broad Street, New York.

Make Telegraphic Money Transfers.

Draw Bills of Exchange and Issue Letters of Credit

OB all pilDClpal cities of Europe.

SPECIAL PARTSEH.DEUTSCHE BANK, Berlin.

Winslow, Lanier & Co.,BANKERS

27 PINK STREET, NEW YORK,

Receive the account* of interior banks, b.Mikerr,

corporations and Merchants.

Agents for the sale of City, Connly, and Railroad

Bonds ; Issue Letters of Credit for foreign travel.

LONDON CORRESPONDENTS

CITY BANK. Threadneedia Street.

NEW VORK.134 Pearl Street.

BO-TON,IC Sla.,e Street

GOSSLER & Co.,OOKRE^PONDHNTS OF

International Bank of Hamburg andLondon, (Limited.)

HOUSK IN EUROPE,JTQIIN BERKN BERG, GOSSLER dc CO

iUMBUBQ,

Financial.

e^jij^ASSAUiSJi m. >/h£st'

Capital,* 1.000.000.Allows interest on deposits, returnable on demand*

or at specihed dateB. In aithorlzed to act as Executor,At.iniulatrator. Guardian, liecelver, or Trustee. Llkt-wlte, iH a le al depoBltory Tor money paid Into Court,or by order of any surn Kftie. Juiliv duals, Firuis andSccleliuB seeking lucoinf; irum money lu auevHiire, orat rest, will tiun safety and advautitge lu tliU lubtitu-

tion.HKNUY F. SPAULDING, President.BKNJ. B. SHHIiMAN. ) ViceFUKDKUICK II. OOSSITT, n'realdente,C. H. v. BAIJCOCK. Secretary.

KXECOTIVB COMJIirTJih:Jacob D, Vermllye, Auios li. tuo,lieuj. I!. Sherman, Frederlcic H. Cossltt,Sani'l D. Bubcock, Isaac K. Plielp*.Martin Bates. Kdmund W. Corlles.

BOARD OF TRUSTEES.Samuel D. Kabcock,Junatban 'I borne*Isaac N. Pbelps,Josiab M. Flake,(Jliarle:ii G. Landon,Kduuind W.Corlles,Fn'deric'' H.Copsitt,\Villlam H. Appl.tou,Gu tav Scbwab,David D. %1'8,

Ma tbt BbtcB,tVililam Allen Batler.James P. Wallace,

B-'iiJ'im'n B. Sherman,• e ree W. Lane,Jacob D. Vermllye,Geo. MancuUcub Miller,BoswelJ Skeol,A. A. Low,Adrian Isclln,Amos K. 1^ no,I bitrles G. Francklyn,Mim.m H. WebbtJi Plernont Moi'^ftn.Percy U. Hyiiev(.baries Aberuetby,

.Scnrr F. SfianhU^?.^

GUAUANTKKi^. FJE^^^Cl^AL ANP^^"^ff

«««o^B1

THIS SIEIV flNtiLAiyn

Mortgage Security Co.OFFERS FOR SALE, AT PAR,

SEVKN PER CENT JEN-YEAR BONDSSKCUliKIl BY

FIRST iqORTGAGES Ol imPROVEOKtEAL' ESTATE.

BT ITS ^^1CAPITAL. SiTO€fi or $500,000^Interest Coupnns payable reinl-annu )ly. Bnudf

ri'Kl**tere<l to order, or payable lo Leurer at opt*»j.Accrmd Inle-esc Is not required lo be paUl by por-c)ia>er, ilie Iicxt-Uue Coupoa h&va 8tam|.ud t<u tMlttdenote lb it Interest begins at the d le of pu chaseaA Pi-inphlet wiih fulllnform 'iton will be r ~

appUcatlua to the Gompany's udlue,

43 IVIllk ^treot, Boston.ThefiC B' lids are coniiiienJed to tbe attenllou of the

MOST GOJiSKHVATlVK Ifi Vi-bX' <l;S, as they a ebclU ved to be as pet-ftc't ft security as Ciin be oBfaMi^d.Ihel'sue.of Bondvla hmUediu uii«obaIt ihe amuuiilof the f>aine elassof Bonds ever hsued under a likeGuiirameei

Tli(i bccurity of eacbBond is II'- tioslngleMoiigi^r*. hut i-xtends over all i i - owuettby the 0«mj>a. y. 'ibis t;ouipiin> .

.-.., -lopu'iis,

yuaraiit I'smi oitier BCcftrtTle*. m-u mti'- uu mlier ilebrs

tluiiiiai iWtrdi.Kfl UiuXtiflflrftBltrCTOt lltce Cflanurter totlioae wliu li luive ho-'n boui;ht in the bist twenty yearstiy IntWvld als. Life insuranee t'ompauies ariif utlier

Gorporat oim. to the amount of ino e tbm Flfiy Mil-lions of i'oltarf. prov uk a mutt secure aud satisfactoryl.V' Btinent. 'I be i.oana are all upon improved Farmsinsonieof ihe most fertile Western :-tate?, near tlie

Uallroadm. with eliort and perfect titles, and avetageless tliuii i;650 each, upon piorertv worth n'^arly fuartiiiics tlie.r amount. Kxperlence has prov.d that Wf 1-

sole led MorttiigcB upon tliu class of properly arefaler than those u..ou uliy propeitv. either lu the Faulor vv est. They are nt.tattected by Fires, or by Bustuea*revnlMouB ; f rln. Ijial and interest are more promptlypaid; and upou ihe »u cess of A^rl ulture depeuaiihat of almost eveiy industrial Investment.

HE^RY 8ALTON8TALL. President,*KANGIS A. 08BORN, Treasurer.

TIOK-PRKBIDKNTS:AmoB A. Lawrence, Geo. C. Klchardson,James L. Uctle, Thomas WlRleawortb

Geo. P. Upham.DIEJCOTOBS :

A. I. Benyon, T. Jeflerson Coolldgt,Charles L. Klint, John P. Putnam,Henry aaUoBaall, J. B. Upham.

Charles L. Young.0OUN8RL:

Hon. Henry W. Paine, Boston,tilmoon K. B>Udwln, New Haven. «l

The Brooklyn Trust Co.Cor. of Montague & Clinton its., Brooklyn, N. T.

CAPITAL, 1500,000.

Tills Company l« anthorlzed by special ctiarter to act

as receiver, truBlee or guardian.It can act as agent in the Bale or management of rea

estate, collect interest or dividends, receive registry

and transfer books, or make purctiaaeandsaleof uov-eminent and ether securitlei.Religious and charitable institutions, and persoas

unaccuetomcd to the transaction of business, will nnothis Company a safe and convenient depository for

money. KIPLKT ROPES, President. .'CHAS. R. MARVIN, Vlce-Pres t.

Edoab M. Ccllsn. Counsel.TRUSTEES:

J. 8. Rockwell, Henry Sanger, Alex. McCne,W.C. Klugsley, Cbas. R. Marvin, A. A. Low,John P. Holfe, Abm. U. Baylis, S. B. Cliiltenden,

1 nomas Sullivan. Dan'l Chauucey, Edward Harvey,

II . E, Pierrepont, Josiab O. Low, James U. Flab,

Jobn Ualsey. Ale^_M_. Wb^t^^^^^^^^^^^^

Febrnaiy 19, 1576.] iflE CHEON^QT^^ Hi

Financial.

REAL ESTATEvIORTGAGE BONDS

UUAISANTKEO BY TUE

Equitable Trust Co.,$1,000,000 CAPITAI..

K KEAL KSTATK MOUTUAUK BONDS AKKLOMMKNDKU TO THE ATTKNTION OF

'tW. ilOST

ONSERVATIVK INVESTORS.IAfrM—They liiive tlio iiullvldiiat HahllUy of the

Ha^iut—Kuch hoDil \n HoonrfHl by a Urat mortgage of|>8l ritHte of not li'sa tluiii doiiblo Kh vhIqc.' y/iir**—Tho iHuiiipt jmyiiu'iu of IkjIIi i)rlnclpal amilileri'Bt of rvri y bond \n nuiinititfM'd by this dumiiany.The Company tfuiirauteelng tupHO Honda rectdvua worjiosits. owes iM> money, and incurs no obli^aliunH ofiiiy chftractar exci^ut tbose arlslnK from audi gunrantyu-reby koeplnjr l*s whole cmnltal vC One MljIIoulollAT* nniniPUlred.TO MKKT AT ALLTIMK^ theIroinpt paynieul of buLU principal and Interest ufWHO Bonafl.All mortKHgi'Mflt'cnrlnff the Honda are formally ap-roved by the following Kxecntlve Board :

:oBEBT L. KKNNKDY, AUKIAN ISELIK,\MITEL WILLKIS, JAMKS A. U'JOSKVKLT,iSi. HEMSKN. KUUKaE KKLLY,HAS. UUTLKKj .JOHN D. MAXWKLL,KNRY P. HAVKN. GUSTAV U. KISSKLL.1 he»e Securities bear S'.'veu Per Cent Interest pay-)lo icmlaanually, aud are oUered for nale at oneuudred and iwo and Int^-rest it the otllce of theQUltablu Trust Company, Kos. 52 & 54 William street.

.JONATHAN KUWAUDS. President.

ibnolute Security u«:ain«t Vire audBurglars.

>ntral Safe Deposit Co.hi; the SAFK KKKPINO OF VAl.UAMI.KS IN

UliK ANJ) liUliOLAK-PKOOF VAULTS,Nos. 71 A 73 W, 33d St.

VKRY FACII.IIY AFFORDnn FOtl '1 Hi, COA-yjiSJfNVHaiia /^waci/ or -tADY PAIhOAi.ULLIVOOD K. 'rilUHNK, President.

IHIl

OF -rHE OITV OF NEW VOHK,C01. BROADWAY A WAliUI'J.W SI.,

i»AID.UP CAPITAI^, $1,000,000.liTUted iji United States Uoverumeot Boud*.

Paul TBRBe PKH CEXT tiUerent per annum oneponiUnubjert to rhecfc at shiht.Htl/» fUllUflCU Ct:sT l,ilfn>:l per annum on«wku atpoHiu renuiinitiff nt.r ittuiuhH or tmii/er.Actau Trustee for est8tf«,

I>. P.. MANOAM.Pretldent.JUBIIC. CKUI1C8HA.NK, Bccral&ry.

"""»"•

Mbert H.Nicolay &Co.stock Aiiclioiicers and Urokerit,

o. 43 PIJVK STHEET, NEW YORK.er- BKOULAB AUCTION 8ALKS

OF

TOC'KS AND BONDS,AVery Montlai/ and Ttairsdau, or

I'BOIAL SaLICS MadB ON ALL OTHBB DATS.jfOJI ONK DAY'S ^OTICE, WHEN KKQDIKED

^r B«tabliiihed Custom 23 Yean.y^ BtocSs aud Bonds ))ouglit and sold at the Nework Stock Eichinge, and at pi Ivate Sile, on comnilS'

JOD.W SccurlUes not dealt In at the Stock Boards a

'eclalty wltk tli s house for many years.

1*" Firsl-class .Municipal Bond.s, Kallroad BondsId other Incorporated loans negotiated on liberal

Martin Lewis,Room S. 43 pine ST., N. Y.

dkalkr inecarltlea of Solvent and Defaulted"K. CoN, also Slate. City aud

County llunds.TIMF LOANS NKOOTIATF.I).

)n » Nn^rrtl •"lewrs. SojUi-rA Co., New York;

Immore- i„V,-r,''u IIS^'^S"''^"" N«'to''»l Bank

Finanoltl.

H. C. Williams & Co.,BANESRa AND BRUKEBB,

49 Wall Street, New York,DKALaas IN

STATE, CITY& HAILWAY UOtiOS.Others for «^«>itl(a auU oiliiir SocurlUa^

receive personal attention at th^' N.iv York StockBxcbangu. Uood Railway Uuud« uul regji-

larly quoted, and thOHe in Default ot Inter-eat made a Special Rrancli ol Our Hual-neaa,Wegnotea«rollavs— Bid. Aak«d

Burl. C. K. « Minn., 1st, Minnesota DIr.. .. ;d ado do 1st. Milwaukee Uly.... 80 M

Cairo & Fultou, lat ,, ,, M it)Canada Southern, Ist.couiiou ,,/.;. i,m »)<

do 1st, reBlttered a ' wCentral KK. of Iowa. 1st &g S7Chesapeake & Ohio, 1st, 6i ftLM ttSi

To do ?,i,7s 1 laChicago & Caniida Souther II, 1st 8S 4tChit^auo Clinton & Duburiue. Ist . . M 3JChic. Dauvlllc Ik, Viucennes, 1st, llllnAls UIt. M 4ii

S? „ . <"" <»'• '>idl»o» DIT. il 24Danville Urbana B. * Pekln, 1st 4UHouston & Ureat Northern, 1st .' 6J is'Hoaston & T«za< Ceolrai, Ist, Main Lisa. . s; 81

..... ."1?., ..'^° 1st, Western Ext. 85 87

rllntA I'ere Marquette, Ist, cons 34 ssBvanavllleT. H. k ChlCBBo,l8t TO 80Grand Kaplds £ Indiana, tat. L. O .guar WO Ids

. 1,'''' ,. .. ^'i„ ist. Ex. L. B. . . 54 MIndianapolis B. * Western, 1st 35 4U

do do 8d 10 U. . ''''.. „ "" '". Extension.. U 18International Rli., 1st 6U 115Kansas PaclUc, 1st, 7s, U. * N.. unfunded 75 BU

do Ist. 7«. J. *J. do .. Ti 78do 1st. 68. Feb 4 Aug.. funded. 7ado 1st. rs.J. db D. da .71 73do JJo. II IS aodo No. 16 la 13

Lake Superior & Mississippi. Ist Ji 28Logansporl C & Southwestern. Ist 7 laMissouri KansriS & I'exas, Ist .',« 53Mobiles Ohio, tle-llng. 8s. wl n cf 39 41

do do 8s ex-..f 39 41do Interest Ss 20 ai

MontclalrKli.of N. J.lst 8KNew Haven M. & Willluiaulle. 1st 2j ao"New Jersey Midland, l-t . asNew Orleans Mobile & C.l.t 86 46"New York & Oswego Midland Ist itf 18

do do ad 4Northern Parlflc, 7 3-Mls. Isf i\ aa

do r'-Klftered 2(1Peoria A Kock iK'and ls> 55 ju"Port Huron & Lake Mlftilgiin. 1st 10 nilofkford It A St. I ouls. 1st 9 mSouthern Minnesota. 1st 50St. Josi-ph & I), nvercily, ist. K. 1> ..

"\i 15"

do do 1st. W. 1> 7 10TexHs & Paclflc. I . O ;o -aWest Wisconsin, L.G. ,1st ..'.'.'.'.'.."'.

do Interest payable In London.' 55° 60"

STOCKS and BONDSAt Auction.

The nnderMgned holil RKGULAR AOCTIONSALES or all cluHBtia of

STOCKS AND BONDS,OH

WEDNESDAYS AND SATURDAYS.

ADRIAN H. MULLER &. SON,

No. T PINE STREET, NEW YORK.

R. T. Wilson 5c Co.,BANKKKS AND COMMISSION MEHCUANT

2 EXCHANGE COURT.Liberal cash advances made on consignments of

Cotton and Tobacco to our address ; also to ourlrlenasm Liverpool and London.Soverninent Securltlea, Gold, Stocks

aud BondsBought and Sold on Commission, and

I.OAN« NEGOTIATED.Acconnts received and Interest allowed on iMlaoces

which may be checked for at sight.

Railroad Bonds.WIIETHEK YOU WiSH TO BUY OK SELL.

WBITH TO1IAS8I.ER & CO.,

No. 7 IVall Street, N. Y.

Banks, Bankers and In-

surance Companieswishing to purchase OFFICE FURNITURE, will find

a One as.ortnient, at prices to suit the Umes, at the

e.tabllahment of

• T. G. SBLLBW^,103 Fulton St., New Vsrk.

Fln« Cyl Oder and KsU Dmki t Bptclslty.

Flnanoial.

FitoAi. AoBsor roB Taa Statb or HMMtkiXA tAuDiTOK's Orrios. Lkuslii. Feb. i, ir.«. (

pj^OTIOB II HEREBY UIVBN THATthe Bsak of Koontae Brothers. iocBted at Ho. U

WbU street. In the City of New Toi k. has beta dealg-

nated by the Oovernor of N»liraskaaslhe llscsl Biencyof BBld stBte.la a icoriiaac* with the prarloens el as

"AQt provWIng for m. iut..i>ii.t,im.i4iof B||M^lBMMflu the city of .v,-w ', • Bppro»«d rs«. m;1875, and all buud. ...... ^^»i.^uM of the Bta'.e, or anycounty, ollr. towoshlp, preclnci, or school district la

the Sute. heretofore Iss led. or hereafter to bo Issued,

whleb are by their leruvt made pMrvbl^i u any particu-

lar bank In sBld Clly. are hereafter piyabla at S4ld

SftS? /• J B. WESTON, Auditor.

3^BW JERHtY IHIDI.AND RAIL-WAY KK-OUOANIZATIOM Cait.UlTT£K Of

BONDHOLDKR-i, Meeting of October 21, I8;j. at MLiberty atreet.—Having already received |1,^.W)0ifirst Mjrtcage Bonds and |7V),O0O Second Mortgage,request all other holders to Join them by depositingtheir bouds with Ceniral Trust Co.. No. 14 Nasiau st.

D. B. HALBTEAU. Chalruiao.H. P. DxcBBBT. Secretary,w Chambers street.

nHIOAaOBITRI.INGTON* OI/INCY^J KAILR >AU COMPANY.-ln confornlly to theprovision of thiiKliihtPer CentSlukUu Fund Mort-gage of this Company, sealed pronoxls ar<! Invited,endorsed. '• Pr.nosals to Bell C. a. Jls II. slukinii FundBonds." and addri'ssed to the underBinncd, till Monday. hebruaryaist ensuing, at 12 o'clock nnon. to sellto the Company, tne hundred and clghty-une. or anypa' c thereof, or the Bonds securi'd under sud mori*g ge, for the purposes of the sinking fund,

Hy order of the Board of Dlr.ctors.J"UN N. DKNISON.

Boston,.January 20 1876. Assistant TreBsarer.

Cbioaoo * Altox Kailboid Co.. >" ic .ao. February » 1876. JCuio I

^<>TICET»SroCKiIUI.DBRS.—NO-•^ 'I TICK I. hereby given to the Stockh.jlders of theChicago * Allan Kallroad Co. that a cash dividend ofIti'UU Pa:K CENT has this day been deuUred oa thePreferre>l aud Common Stock of this CoTnpaur. pBya-bleat ihe banking house ef Messrs. M.K.Josup. Paioa*Co

. No.ria wiiiiio, itrggt.NewYark.uuthellr tdayof Marc I next, t * h>tld::rs who are regl.lerod as suchat the clo<<e or business hours .OQ the i6 h Inst., atwhich time the Irai ster bo ks will be closed, andre-opened for tra. sfer. on the 2d d^y of March next.

W><. H. LAKKABKF, Hecretary.

PBNNSTLVaMA U*ILItOAt> OMPANT,!TKKAHUKKH 8 DEPABTMieXr. }PuiLA Kl-PHli. Ffbrua y 2. 18i6. S

NOTICE 'rtl ST CKMO..MKK«.-THaBoard of Diret-tors h^s this rtuy declsred a

QUAllTKULY DIVIOKND of TWO pSr CKNTonthe capllal stock of the Company. c1< ar o' all faxes,payable ou and af er February 29 to slocknolilers, asregistered on the books at 3 P. M.. January 81.

UAYAnD BUXt-liU, Treasurer.

TTNION PACIFIC RAILROAD COn-FANY.—Tne annual meeting of i he stockholders

of the UAlou Pacific Railroad Company, for the choice

of Directors for the ensuing year, and the trankaction

of any other business that may legally come before

the meeting, wilt be held'at the otllce of the Company,

No. 42 Equitable BulKtng, Bos'.on, on WBDNESOAYjMarch 8. 1876. at 10 o'clock, A. M.

Stock transfer-books will be closed after SATUR-DAY, February 26. SIDNEY DILLON, President.

E. U. ROLLINS, SecretBTT.

BoBTox. February 4, 1876.

Trkasitby dbpabtubnt. 1

Orrioi or Couptroi lib cp thb CuBBaHOT,>WASHlNoriN, February 1,1876. )NOTICE. — 'i'ME CIK. CILA-riNO

NOTKS of tllH FIK8T NaTIKVAL BANK OFBEDF»KI1. IOWA, Ihe FOURTH NATIDNALHANK OF CHICAOO, ILLINOIS, and the MINKlia'.NATI0N.4L HANK OF GEDKOE I'.iW.V, CuLn-KAL>o. will be re leemed upon pre»entAtlou at theTreasury of the Umted State. In the city of W'a hlng-toD,D.C. JOHN JAV KNOX,

Comptroller of the Currency.

NOTICE.—The First National Bank of Rochester,located at bochestrr. in the Btste of Indiana. >b

clo.lng up its sfiilr.. Al Dote-hold.rs and othercreditors or»ald s oclatlonaie therefore liereuynotl-

fled to present the notes, and other claims against theassociation lorpsyment. AKTHUBC. COPi-LAND.January 11. 1376 President.

OTICB.-THS NATIONAL MARINE BANKlocated at 81. PAUL, in the bt»te ot Mlanesota,

IsclosiuiE units sttdlrs. All i.ote-holders snd t>tUer

CI editors of said assocUtton are, therefore, herebynotitled to ptesant the notes aud other claims against

the assocla loa for payment,tne aasoc. i. ^ ^ TUBBBLI.. IleBldeBt.- Dated December 31st, 1875.

NOTICE .-T HE RICHL»N»NATIONAL BANK, located at MansOeld. In

the Slate of Ohio, is closing "P.ltsadalrs. A I note-

holder, and other ciedli.rs of ••"».»•?«'•''»? •'5

therefore herei.y nollfled <o ,P'e"°i '''• "i"/ "*a;her claim, against the «^^'^'_'^;J^^'^^"''BeuaDec.n.Jsm.

' ' "*•"*

IT' TBE CHRONICI-R [February 1'Oire

Insurance.

THIRTY-FIRST ANNUAL REPORTOF THE

NEW YORK LIFE INSURANCE GOMP'Y,OFFICE,

NOS. '346 AND 348 BROADWAY.utfJCj'^&SB^'

JANUARY 1, 1876.

Amoant «rNet Cash Assets, JaBuary 1, 1S7S $37,145,777 51KEVBNUE ACCOUNT.

Fremlams and annnitles S6,069,(!02 81

Intereet received and accrued 1,870,658 84— 7,939,661 15

$36,085,438 66

DISBVRSBKIENT ACOOVNT.LoaaeB by death $1,584,814 83

Dividends and returned premiums on canceled policies 8,481,696 96

Life annuities, matured endowments, and re-insurancea.

Commissions, brokerages, and Agency expenses

Advertising and physician's fees

Taxes, office and lavr expenses, salaries, printing, &c...

133,400 83

361,918 06

87,591 M180,114 03— 4,918,535 97

$30,166,902 69

A SSETS.Cash In Trust Company, in bank, and on hand $1,768,391 28

Invested in United States, Nevf York City, ani other stocks (market

value, $7,633,244; 7,154,19105

eal esute 1,830,540 51

onds and mortgages (secured by real estate valued at more than

double the amount loaned, buildings thereon insured for $15,717,-

000, and the policies assigned to the Company as additional

callateral security) 17,685,587 50

Loans on existing policies (the reserve held by the Company on these

policies amounts to $4,090,586) :

Qnarterly and semi-annual premiums on existing policies due subse-

quent to January 1, 1876

Premiums on existing policies in course of transmission and collection

(estimated reserve on these policies $330,000, indnded In liabilities)

Agents' balances*

Accrued interest to January 1, 187B, on Investments

Excess of market value of securities over cost

Casb Assets January 1, 1876 $30,645,956 64APPROPRIATED AS FOLLOWS

:

Adjusted losses, due subsequent to January 1, 1876 $303,165 00

Reported losses avraiting proof, &c... 144,598 66

Reserved for re-insurance on existing policies ; participating iuEUrance

at four per cent Carlisle net premium; non-participating at five percent Carlisle net premium 37,330,3% 44

Reserved for contingent liability to Tontine Dividend Fund over

and above a four per cent reserve on existing policies of that class 308,138 81— 38.146,398 91

Divisible Surplus $3,499,656 73

From the ondlvlded surpiui of $3,499,056 73 the Board of Trustees has declared a Reversionary

,Dividend, available on settlement of next annual premium, to participating policies proportionate to their

contributions to surplus. The cash value of such reversion may be used in settlement if the policy-

holders so elect.

885,738 83

463,369 64

105,341 54

37,111 49

S57.180 86- 30.166,902 69

479,053 95

DURING THE YE.\R, 7,039 POUCIBS H4.Vfi BEEN ISSUED, INSURING $31,964,190.

T K U S TMORRIS FRANKLIN,DAVID DOWS,ISAAC C. KENDALL,DANIEL S. MILLER,JOHN MAIRS,WILLIAM H. APPLETON,ROBERT B. COLLINS,WILLIAM BARTON,LOOMie L. WHITE,

WILLIAM H.

E E S.

WILLIAM A. BOOTH,H. B. CLAFLIN,J. F. SEYMOUR,C. R. BOGERT, M. D.,

OEORGE A. OSGOOD,HENRY BOWERS,SANFORD COBB,EDWIN MARTIN,JOHN M. FURMAN,

BEERS.

mORRIS FRAIVKLHV, Pregident.WHAAAM H. BEERS, Tice-PrcKldent and Actuary.

THEODORE M. BANTA, Cashier.

D. O'DELL, Superintendent of Agencies.

CORNELIUS R. BOGERT, M. D.,) „ ,, , „'Y Medical Examinerg.

GEORGE WILKES, M. D.,)

CHARLES WRIGHT, M. D., AaaistaBt Medical Examiner.

Financial.

Kansas Pacific BondsLAND UOHTQAaii U KU8, DUE MARCH 1.

BOUGUT nT

H. G. STRBBINS 4c SOHii

To Capitalist

^soo,oooI

IKT. SUMS OF $2,000 TO $160,0Wanted for Applications now in band for

FIRST niOBTGAOi: LOANON

FIKST-CLASS CHICAGO PROPER'jAT INVITING RATES OF IHTEBKST.

Every valuation reliable^ and not over 40 per ce.

prese^it actual value requir*'.'t

JOSIAH H. REE1>,30 Nassau Stireet.

Thirty years' acquaintance with Chicago aadreferences of the highest character.

$60,000 ROCHESTER CITY SEVEN

CENT WATER LOAN BONDS. Interes

January and July. Principal due 1903.

960,000 BUFFALO CITY SEVEN PER C

BONDS. Interest AprU and October.

Principal due 1805.

FOR SALE BYDANIEL A. niORAN

40 trail Street.

THE NEW JERSEY & NEW YORK(Ooneollditi n of the Erie liailroatl branch*

UAckessauk, aud cuuiIuuoub road^.j

$200,000 of the First Mortgrage 7 pergold bonds haTiug been negotiated iu Europe li

only the remaining portion of $180.0000bonds are 6fl'ered« at an advance iu the price to

and interest.

The bonds will be re-pnrchased at same pric

any time within one year, and cent ract given tn

effect, the company maintaining funds in tros

that purpOM with ROLLINS BROS. & CO.Cor. Wai: & Broad sts., New ^

nl

J. C. ChewPKALKR IH

INVESTMENT SECVRI'

Texas State, Railroad, Connty

Municipal Bonds a Specialty.

Texas Lands and Land Scrip for S

FINANCIAL AGENT OF THE CITY OF H'

TON, TEXAS ; AndLNITED STATES CENTBNNI.\L COMMISS

ER FROM TEXAS.OFFIC KS:

29 BROADWAY, TiK^W ITORB

G. T. Bonuer & €<BANKERS AND BROKERS,

No. 20 Broad Mreet, rfevr Torb

stocks, Bonds, and Government Securities Ix

and 8o!d on commlaslon at the New Voii BtoclchiuRe.Dealers in all descriptions of Bonds and Invest

SeciiritletThecorrespondeDceof Bankers and Brokers tbn

out the country Koliclted.

Fundiug of Southern State Bonti

We are prepared to fund Bonds of the folic

Souttiern StAtes, in accordance with their aFundlDK Acts, upon the most reasoQabte t

possible:

VIRGINIA, LOUISIANA, S0U2H CAROLii• 'lENNESSEB.

WANTED.Alabama State Bonds.Louisiana State Bonds.

South Carolina State Bonds.

Texas State Bonds.

FOK SAIiG,TlrelnlaCoufolldated Bonds.

Vi ginta Deferrtd Stock.

Chlcagro South Park Bonds.

Chicago West Park Bonds.

fi. T. RONNKR & CO.,

20 Broad Streeli New T.

xmtkHUNT'S MERCHANTS' MAGAZINK,

iEPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.

vol. 22. SA.TURDAY, FBBKUAKY 19, 1876. NO. 556.

CONTENTS.THB CHRONICLB.

'be Advance inOoIduhllcltyand the Treasury Bal-aoce of Cash00 Much Governmentoutjumptioc of Cotton la

Europe !73

Latest Monetary and CommercialBii'^lish News 173

Commercial Lnd MlscellaneoQBNews 175

THE BAMK£R8' GAZKTTB.['iney Market, U. 8. Securities,Railway Stocks, Gold Market,Sforek-n Exchange. New YorkCity Banks, etc 176

I(^notations of Stocks and Bonds 178

I New York Local Secnrlties 179Investment and State, City andCorporation Financea.. 180

TUS COHUSKUIAL TIHSS.oramerclal JBpltome ia3 I Breaosiufts 138otton 18J| Dry Goods 189

^\)t €\)xonxc[tj'auGOMMBRClAL AND FINANCIAL CHBONICLB M IMUSd On botUT'Iday morning, with the latest newB up to midnight of Friday.

ISBM8 or SUBSCSIFTION-FATABLX IB ADVANCE.This Cohhercial and Financial Cuboniclb, delivered by carrier to dty

ilbscrlbers, and mailed to all others:

For One Year (inclndlng postage) (10 8'I ForSixMonths 6 10Subscriptions will be continaed nntU ordered stopped by a written order

]^ at the publication office. The Publishers cannot be responsible for Remit-'inces unless made by Drafl» or Post-Offlce Money Orders.

AdTcrtlsements.Transient advertisements are published at 25 cents per line for each

Dsertion, but when definite orders are given for five, or more, insertions, aberal discount is made. No promise of continnons publication in the best(lace can be given, as all advertisers must have equal opportunities. Special[otices in Banking and Financial column 60 cents per line, each insertion.

liondon Ofliee.

I

The London office of the Chbonicls is at No. 5 Anstin Friars, Old Broadtreet, where subscriptions aie ta'.ien at the following rates

:

Annnal Subscription to the Chronicle (inclndlng postage) fiS ts.I Six months^ subscription 1 3b.

flLlUll B. DANA, I WILLIAM B. DANA & OO., Fnbllsbers,j>BK 0. TlOYD, JR. (

79 and 81 William Street, NSW YORK.Post Omoi Box 4 59*.

CV A neat file-cover is famished at 50 cents ; postage on the same is 16.'nts. Volumes bonnd for subscribers )|t $1 50.

,0r* A complete set of the CommercAl and Financial Chroniols—July

iti5, to date—is for sale at the office. Also one set of Hunt's MxbohantsjiAeAnHK, 1839 to 1871, sixty-three volumes.

B^ The Business Department of the Chroniclb Is represented amongiuanclal Interests in New York City by Mr. Fred. W. Jones.

TAB ADTANCB IN GOLD.

ITwo questions have claimed attention for some time past,

'he first concerns the movements of the loan market, on

'hich the opinions of financial men have differed some-

'hat. As circumstances indicate that apprehensions

rhich may have been entertained of a close money mar-et are not to be realized, the public attention has turned

way from this side of the financial future; and a second

3pic of interest has been found in the Gold Room. ForJme time past rumors have been in circulation that a

86 in the gold premium would inevitably take place

efore long; and various reasons were offered in support

f this opinion. But the public refused to give mucheed to these predictions; and gold has thus far remained

^tremely steady. Within a few days they have been

viveU with new force, and they derive some support

from the large export movement, which we report else-

where.

Several arguments seem to be relied upon by those

who expect that the present advance in gold will be sus-

tained and even exceeded. For example, it is said that

there is a powerful clique who have engineered the

upward movement and have capital enough to sustain it

and to carry it on. , Secondly, it is affirmed that the

German demand for gold is about to receive a newactivity, and that it will cause a considerable shipment

of the precious metals from this side. Thirdly, gold is

not very plentiful for delivery, and, if there be any con-

siderable drain for exportation, the supply will be of

course restricted. Finally, it is contended that the

Treasury holds a very much smaller balance of coin than

has been commonly supposed. This doubt as to the real

state of the Treasury balance has thus become a con-

spicuous element in the problem. To prevent the con*

tinuance of this evil and of others of a more permanent

character, it has been frequently urged in our columns

that the Treasury balances should be hereafter reported

in more complete detail This argument is elsewhere

discussed at some length in connection with Mr. Hewitt's

resolution.

As the reply of the Secretary was not very complete,

and as the public mind was considerably excited on the

subject, a second resolution was offered in the House of

Representatives, on Wednesday, by Mr. Sayler of Ohio^

calling upon the Secretary of the Treasury to report

within ten days the actual amount of gold owned by the

Government, available for the resumption of specie pay-

ments, after deducting the amount of gold certificates

now outstanding, the accrued interest on Government

bonds, and bonds called for the Sinking Fund. Abund-

ant complaints have been made of this resolution, which

has been ascribed to the persuasions of the gold speru-

lators. We do not, however, find any decided con-

firmation of this charge. It is true that many aie

loudly declaring that the Treasury balance of gold is

quite insufficient to pay all the maturing demands, and

that Mr. Bristow will have to go into the gold market

before long to buy coin to meet the specie disbursements

of the Treasury. But there is nothing new in this alle-

gation, for many unfounded similar rumors have been in

circulation for some time past.

Such are the chief reasons which are relied upon as

likely to stimulate a rise in gold. On the other side it is

affirmed that the Treasury, though not so amply supplied

with coin as might be wished, has abundant resources to

meet all probable demands upon it. t'or example, the gold

in the Treasury is reported »t 65 millions. The matur-

no 3>fr IHE CHRONICLE -«nP •P^fFebraary 19, 187(,

ing Treasury obligations on acconnt of called bonds,

as we lately estimated, are all provided for,

except, perhaps, about two millions. IlencB there

is nothing for the Treasury to pay out of

its gold balance on hand but the outstanding

gold certificates and the accrued interest on the public

debt. The first of these two items was 26 millions on

the 1st Februai-y, and the second 20 millions. But

neither of these amounts is likely to be called for except

after considerable delay. Indeed, by the law of 3d March,

1863, the Secretary is allowed to issue gold certificates to

the extent of 25 per cent beyond his gold balance.

Moreover, that ofiicer has authority to i^isne five per cent

bonds under the resumption act of 1875 if any unfore-

seen necessity should arise to force him to resort to this

irregular procedure. The expedient has been sug'gested

in many quarters that Mr. Bristow should avail himself

of his powers under this provision of the law; that he

should sell a considerable sum of the new fives for gold

;

and that he should in this way replenish his coin balance;

if needful with a view to the resumption of specie pay-

ments. The report of Mr. Bristow on these important

topics will be looked for with so much general interest

that it is hoped he will give such additional statements

in his monthly schedules of the public debt as will

render misapprehension more difficult, and will exhibit

in detail the true state of the cash balance of the

Treasury—both in greenbacks and fractional currency,

in national bank notes and in coin.

A second argument against the continued advance of

gold is founded upon the contraction of the volume of

the greenbacks and of the national bank notes. The de-

termined efforts making in Congress by the inflationists

to stop this diminution of the outstanding currency are

'not generally regarded as likely to prove successful. Forreasons we need not here recapitulate, the people

generally do not expect any legislation on this Subject.

Hence, in the absence of any expansion and with the

forces of contraction in full operation as at present, the

deduction is made that the gold premium ought rather

to recede than to advance.

In addition to the foregoing arguments, there are a

number of minor reasons advanced on either side. In

the presence of such a complicated series of forces, it is

not easy to compute their final result. Hence there is

room for the widest diversity of opinion. And themischievous agitation which this uncertainty causes in

the business of the country offers us new illustrations of

the evils of our paper currency, and new inducements to

reform those evils as soon as we safely can.

PUBLICITY AND THE TREASURY BALANCE OP CASH.

Some of the most important administrative reforms in

modern governments, during the present century, havebeen achieved as the result of publicity. Ever since thefoundation of the Government of the United States, this

wholesome principle has been applied to all its trans-

actions, and especially to those of the Treasury. It is

impossible to overrate, in a popular government like

ours, the value of the expedient of publicity; and sincethe Independent Treasury was established, some thirtyyears ago, a full and frequent publication of the cashbalances in the Treasury vaults has been exacted bylaw. After our paper currency system was created,

the cash in the Treasury was ordered to be so reportedthat the gold and silver coin should be distinguished

from the greenback balance. Since the Resumptionact was passed, in ISYS, Mr. Bristow has accumulated,

under th« authority given ia that statute, a considerable

amount of silver. This accumulation, with other ciro.

stances, has led to a general demand that fuller infor

tion should be published periodically as to the constilui

ot the cash balance, so that the people might know 1

much of it is in gold, how much is in silver, and 1

much is in greenbacks. "We have frequently den

strated the necessity and usefulness of such a de

report, and on the 31st of January a resoluti^

passed in the House of Representatives, calling

complete statement.

In compliance with this resolution, the Secretary

the Treasury sent, on the 10th of February, a documwhich reports the aggregate of cash in the Treas.

and at the several mints at $190,778,043. Of this i

about 55 millions was in gold and 77 millions in gnbacks. Against the gold, however, there Were outstan<

gold certificates in the hands of the public, and agr

the greenbacks there were certificates of deposit isi

under sections 5,193 and 6,194 of the revised stati

The amount of neither the gold certificates nor of

greenback certificates is reported; so that the

balance of gold or of greenbacks belonging to

Treasury does not appear from the official .statcmei

its present form. Still the document is of consider

interest. It gives the following figures

:

flDETAILS or CASH IN THE CNITED STATES TBEASURT JANUARY SSiflB

$74,

6,123,

1. Minor coins

3. Fractional currency

3. National bank notes .

4. Legal tender notes held on special deposit for the paymentof certiflcites of deposit issued under sections 5,193 and ^Hj5,194 of the Revised Statutes, and for the redemption of ^Blnotes of the national banks failed and in liquidation, andfor reducing the circulation 6(i,*50.

5. other legal tender notes 17,*iOS,

6. Gold coin 41,H69,

7. Gold bullion 10,-'54.

8. Silvercoin

9. Silver bullion

10. Gold notes and cerllflcates

11. Coupons t

12. Called bonds and interest thereon

13. Checks, funded loan of 1881

14. Registered interest

15. Exchange drafts

16. One and two years' notes '

17. Redeemed certificates

IS. Vouchers, Speaker's certificates

19. Metal fund, in Mint currency

20. Unavailable

11,502.

4,146,

8,rS7,

7,037,

11,311,

63,

mi.

350,

6,

70,

156,

60.

916.

Total $l'J0,r7f,

The first inference suggested Vjy this table is tt

similar statement in full detail should be issued e

month as an essential part of the monthly schedu

the public debt. One objection which has been

quently put forward when this proposition has

urged is that the cash in the Treasury cannot be ana

cally reported without the aggregates of the banl

positories. But this difficulty is surmounted in the a

report, and there is no reason why it should stand in

way of a monthly statement. There are two ob>

methods of overcoming the difficulty. Either the 1

depositories could be left out of the account, and

balance could be struck without them, and the defici'

could bte supplied in a supplementary statement dev

exclusively to the bank depositories and their balai

or the same plan could be adopted which is seen it

statement before us. The latest reports from t

banks prior to the date of the document was the

January. The figures of that day are given as $10,

611. Either of these methods is sufficientlj acci

for the pui-poses in view, and probably that adorte

Mr. Bristow is the best. Adding these 10 miliioi

the 190 millions above reported, we have {i tot

$200,918,654, of which sum, as we have said, 5.5 mill

or a little more than one-fourth, is in gold.

February 19, li.6j THE CHRONICLEThe next i)oint of interest in this scliediile is tlie infor-

mation it Kuppiics as to Mr. liristow's transactions in t)ie

purchase of silver, lie is directed by the law of January

H, 1875, "to cause to be coined at the United Stnte.f

mints, silver coins of denominations of 10, 25 and .50

cents, of standard value, and to issue thcin in redemption

of an equal number and amount of fractional currency.

And to enable the Secretary of the Treasury to prepare

and to provide for the redemption in this act authorized

or required, he is authorized to use any surplus revenues,

from time to time in the Treasury, not otherwise appro-

priated, and to issue, sell, and dispose of, at not less

tlian par in coin, either of the description of bonds of the

United States described in the act of Congress approved.Inly U, 1870, entitled 'An act to authorize the refund-

ing of the National debt,' with like qualities, privileges

and exemptions to the extent necessary to carry this act

into effect, and to use the proceeds thereof for the pur-

poses aforesaid." In obedience to this recpiirement of

the law, Mr. Kristow has accumulated fifteen mil-

lions of silver, of which eleven millions arc coin.

To raise the funds necessary for this purchase, he hasissued of the new fives 115,215,500. In other words, he hasincreased the funded debt by 15 millions for the sake of

accumulating 15 millions of silver. In another commu-nication to Congress, Mr. Bristow says that the proceedsof these 15 millions of bonds have sufficed, not only to

pay for the silver which he has bought, but that there is abalance remaining. This residue has been applied to

the retirement of legal tenders, as provided by the specie

Resumption act. This last statement explains the reason

why the monthly decrease of the debt docs not alwayskeep pace with the retirement of legal tenders. The lawallows the Secretary to issue bonds at 4 or 5 per cent,

for the purpose of withdrawing greenbacks as well as of

purchasing silver. Mr. IJristow thus confirms what wehave more than once pointed out. As to the effects ofthe law of January, 1875, discretionary powers are givento the Secretary, which have never, since the war, beenconfided to any oflicer of our Government, and whichfind no precedent in the history of this country.

Thirdly, we see suggested in the foregoing report thamethod by which the Syndicate and the Treasury havetransacted their vast payments without disturbing theiBoney market. The items numbered 1 1 and 1 2 are pe-

culiarly instructive. They represent the sura of eighteenmillions in gold which had been paid into the Treasurywithout the use of a dollar in coin. These paymentshave been made by the Syndicate in two ways—bycoupons bought up for the most part in Europe, and bycalled bonds purchased in this country and abroad. Inthe recent sensitive state of the gold market in Europeand here, the foreign exchanges might have been verymuch disturbed if the heavy transactions of the Syndi-

cate had been carried on altogether by gold coin passing to

and from the Treasury. When the history of the Syndicate and its operations comes to be written, we shall

see more of the judicious expedients by which tlie dis-

turbance of the foreign exchanges, formerly so muchcomplained of, has been of late avoided.

It is to be regretted that the House of Representativeshas not called for its statements of the cash in the Treasuryat such a time and in such a form as that the details

should correspond with those of the monthly debt state-

ment. At the close of this month this defect may beobviated, and another statement required up to 1st of

March. There would be this advantage in such a reportthat it would create a valuable precedent. It wouldalso be more simple in form, as it would not be compli-

171

cated by the Syndicate transactions, all of which arereported to have been fully closed u\k

TOO MFirn CnVBINMEKT.

On Thursday, Mr. Howe, of Wisconsin, presented apetition to the Senate of the United States, purported to

bo signed by citizens of Wisconsin, asking the passage ofa law requiring the Treasurer to pay to every man,woman and child residing in the country, without dis-

tinction on account of race, color or previous conditionof servitude, the sum of llO a week ; such sum to bepaid every Saturday night at the Postoffico nearest theresidence of such person. This little piece of pleasantrywould be quite amusing, if it were not that it reflects sotruly the attitude of our people at the present

time, if we may allow as representative men thosewho talk the loudest and most. Public profession

is certainly for retrenchment. Apparently, every onewishes—earnestly wishes, reduced taxation. Tlic press

everywhere are daily holding up the outgoes for 1860as our highest aim. Those tables look well, and it

sounds well to come back among the small figures after

revelling among the higher ones so long. Besides, there

seems to be a "kind of necesnity about it. Everyone'sincome is shortened; business is unprofitable; enforced

idleness is extending ; in a word, nine-tenths of the

people feel pinched, and retrenchment comes as a nec-

essity.

But notwithstanding these facts and i)rofes8ions, there

is, apparently, a universal desire to obtain Governmentfunds directly, or by indirection through Governmentwork or an extension of Government powers. In other

words, we profess economy, but are desiring prodigality.

Only see how this spirit is manifesting itself in that mostobjectionable of all forms, the conferring of new duties

and authority upon officials. For instances, we are to

have, if the wishes of these men are gratified, twonew bureaus in Washington; perhaps more, but only

two at present are " favorably mentioned." The popu-lar feeling hitherto has been that there was already

more government there than desirable; certainly morethan we wanted to pay for. Besides, if there is to be

any considerable permanent decrease in expenses, it

must come mainly, not by multiplying, bnt by cutting

out some of the wheels which have been added to our

official machinery since 1860. Lowering the pay for

individual services is not the high road to retrenchment.

Salaries may, and, in some departments,certainly will admit

of pruning; and, in this connection, as a query or possible

illustration, we would like to know why " compensation

to Postmasters" reached in 1875 $7,049,935, against

$5,818,472 in 1874, and $5,725,468 in 1873, while

at the same time clerk hire for Postmasters increased

in a similar Ir'atib.' But, although there is hern

and in the whole field of individual salaries, subject

for scrutiny, yet there can be no sufficient rem-

edy for present onerous expenditures, except by bring-

ing the Government back, so far as our changed circum-

stances will admit, to its ante-war simplicity. And yet,

notwittistanding this evident truth, there is an equally

evident effort being made by many in the opposite direc-

tion. For instance, we are told that now we are erect-

ing so many public buildings, it would be highly appro-

priate and proper to have a Bureau of Architecture;

that the extra expense is only trifling, as we already sap-

port a Supervisor of Architecture; so a bill is

introduced for the purpose. Does not onr true

172 THE OHTtONICLE iFebruaiy 19, 18'JPinterest dictate, instead of such additional burden,

that this bnilding mania should be at once checked,

and our " Architect" receive an honorable discharge ?

But truly, say these same economists, you would not

object to raising the head of our Agricu'tural Bureau to

the dignity of a Cabinet officer, and making a separate

Department of Agriculture, " for the Grangers demand

it." Perhaps we never appreciated the present Bureau,

but it seems to us that a less wise thought than the pro-

posed promotion and enlargement has not lately been

suggested. If the policy of the Bureau's existence were

at issue, we should certainly question it, for we cannot

see that its duties are included within the objects for

which our General Government exists. Then there is

also the Educational Bureau, which is to have enlarged

powers ; and so we might go on and mention almost

every department as about to assume new duties, if the

desires of these men could be realized. Why should

they not carry out this idea to its legitimate conclusion,

and extend Government Bureaus so as to have every

large interest represented. Then, when legislation wasproposed, the interest affected would have their repre-

sentatives at hand to advise ; or, in case the advice wasnot taken, to act as head lobbyist and " regulate " such

legislation. The railroad men, for instance, should cer-

tainly have some standing at Court if the Grangers are

to organize a department. And then there is the great

body of merchants entirely unrepresented, being dam-aged constantly by inconsiderate laws. Or, take simply

the dry goods interest (an immense trade, if we include

manufacturers, agents, jobbers and retailers)—whyshould it not be equally well provided for and have a

representative in the Cabinet ? To be sure, this style of

government would not suit our old, simple ideas of re-

publicanism ; and to advocate it, while at the same time

calling for economy, is not only inconsistent but

hypocritical. And yet it would have its advantages, as

we have seen. So let us then definitely adopt one or

the other course ; either give up all idea, all pretense of

economy, and extend the sceptre over every interest, or

else stop at once this'expanding propensity, and endeavorhonestly to decrease expenses by reducing our Govern-

ment, as occasion may permit, to its simplest form.

But this is not the only shape in which the disposition

to act, appears with many to be in direct opposition to

the profession to economize. Applications and claims

flow into Congress and find advocates daily for every

conceivable object. Of course there is much to recom-mend many of them, if our Government was really an

eleemosynary institution. That the belief it is, has gainedcurrency during late years is no surprise. We have beenlavishing money upon every Congressional district, until

now almost any wish in a community is thought to bereason enough for appropriating the desired funds.

No wonder, therefore, that the Grangers should think

they were entitled to a department to tell them whatkind of manures to use, and then to furnish them the seed.

Even here in New York there are many hungry appli-

cants and worthy objects. We only want a million to

complete the Post Office building; from one to eight

millions for a new Custom House ; one or two millions

for quarters to store quarantined goods; three millions

for enlarging Spuyten Duyvil Creek, making it suitable

for the passage of large vessels; one million for another

revenue dock; one million for improving the channel of

the upper Hudson; in fact, a million each for almost

every public work begun or in embryo, except the

Brooklyn Bridge, which seems to have no friends. And

what is true of New York, is true of every other place.

We hear it said that the South is asking for more than

her share this year. We doubt it. Besides, if the Gov-

ernment is going to become a general benefactor or an

almoner, how much better it is to build a Pacific Rail-

road through the South and repair her broken downlevees, than to spend many millions more than necessary

on a Post Office or Cust»m House building, dead

property, generally only required for electing Congress-

IBut we are glad to see that there are members

Congress who have decided opinions upon these subjects,

and are determined to scrutinize every item of expense.

Though these claims have been poured in by thousands,

thus far they have made but little progress. More are

coming, and, as the session advances, they will be sup-

ported by powerful lobbies. Economy will be opposed

by fair means and foul, by argumeat, by entreaty, and

by ridicule. Still we trust that the necessity of the

country for reduced taxation will be kept in view and

the required relief secured. It is a great pity that our

Government expenses could not be provided for by direct

taxation, and then each individual would know what

burdens he is carrying.

tfF

CONSUMPTION OF COTTON IN EUROPE.

It is fitting, at this season of the year, to look a littH

into the past for help to forecast the future of the cotton

trade. We have just produced a large crop and are about

making our preparations for another planting. Whatare we to expect, and how much of our "cotton can the

world use, are, therefore, vital questions. The consump-

tion and production of previous seasons go far towards

furnishing an answer.

In the CuKONicLE, a year ago (February 27th, pages

198, 199), we estimated the available supply and con^

; sumption of cotton in Europe for 1875 as follows: fl' Supply. Balex. rv,.,«,?»^

Stock in Earopean ports Jan. 1, 1 S75 1 ,084,000

t Stock held by epinners available for coDenmpUon. . 350.000

Probable import, all eorta

.

Estimated eapply 6,854,000

Estimated consumption 5,S03,000

Poundi,

4!«.500,COO

97,600,000

2,128,000,000

2,648,000,000

2,130,000,000

518,000,000

Probable excess to be beld in ports and by spinners

Dec.81,1875 1,851,000

We have now received the Annual Review of the Cot-

ton Trade for 1875, prepared by Mr. Thomas Ellison, of

Liverpool, whose statist l-ial accuracy is well established.

Its figures for the year, laken in connection with their

report of October 1, 1875 (the close of the cotton season),

are so complete that we reprint the principal items be-

low and the larger part of their present circular in our

cotton report. From this Review we find the following

figures of supply, consumption, and stock of cotton for

1875 in all Europe:Supply

Stock in ports Jan. 1,1875

Stock held by spinners—Great Britain. . . 125,000" " •Continent 12o,000-

Imports—Great Britain 3,001,820

Continent 2,523,460— 6,625,880 3,184,075,000

Total supply 6.859,230 2,702,075,000

Acttial consumption.

Great Britain 3,115,120

Continent.... 2,898,500— 3,513,620 2,158,718,000

Stock held by spinners and in ports Dec.

31,1876 1,345,660 543,Jf7,000

• In their Review for Jan., 1S75, Messrs. Ellison & Co. said the spinners of

the Continent then held 110,000 bales more than the year before.

The Review does not distinguish between the deliver-

ies of cotton to the trade and the actual consumption on

the Continent, while carefully showing the identity of

the two in England where the stock held by spinners is

the same at the end as at the beginning of the year. But

Bala.

1,084,000

250,000

Pounds.

422.500,000

97,600,000

Februaryll ', l&TG.J TITE CHRONICLE) 173

" diroiiMe" P»(

lotport bales. 6.6»),ono

Totel supply " ft.854.000

Oonsamptiiin " 5,503, OCKi

Slock—ports and npiiinors' " 1.«I,010

in their October report, Messrs. Ellison & Co. gave the

results of an accurate inquiry into the proportions of de-

liveries to consumption on the Continent for a series of

years, and we adopt the rate of actual consumption

for 1875 as then given. All the other figures are from

Ellison & Co. We now invite comparison of our esti-

mates made a year ago (February 27, 187ii), with the

actual thus reported

:

' "• - ' »• Aelnal.

5,ws,9%

6,S;7,iM0

0,513,6a0

1,315,660

Wc doubt if estimates of .such magnitude, made a year

in advance, were ever before so closely sustained by the

actual results; and we call attention to this comparison,

not to parade our own sagacity (for we know full well

the liability of the most careful and best informed to err

in estimates), but because we have been bitterly assailed

for several years by the newspapers at Liverpool, editor-

ially and by their contributors, for our articles on Euro-

pean consumption. One of them attacked the very arti-

cle of February 27, 1875, in terras which look so peculiar

reproduced at the present time that we give the criticism

below:

"We would have preferred not to allude ajjain to the NewYork Financial Cuuonicle aud its publications aa regards

cottnu, as we liad previously pointed out its inaccuracies. The

publicatiOD, however, ou Tuesday by oue of our conteraporarieii

of an extract from that paper, and dated New York, February 27,

compels us, in justice to those who may hi misled by its serious

blunders, to refer once more to it; for, if anything were wanting

to prove the existence of that of which we are daily reminded,

viz., the existence of a powerful "bear ring" of cotton specu-

lators in New York, it is the productions and publicationa of

such a periodical as tho New York Financial CiinosiCLE. * *

"The extract from the New York Financial Chroniclk of

the 2Tth of February last, alluded to above, is as follows :"

Here follows the extract, the substantial items of which

we have given above ; after which the writer proceeds

:

"It is often asserted, and with truth, that 'figures maybemade to prove anything,' and more especially when they are

arranged to arrive at a certain result which the writer desires.

This has too often been the policy pursuedby the Financial

Chronicle in tho past, and which has been frequently exposed!» the press of this town. * * * » s « »

"In giving their figures if this season's supply to Europe, wefind the Chronicle to be now wrong 300,000 in their American

estimate, and about 300,000 in that of Brazil, Egyptian, East

India, &c. In giving 2,800,000 *American as the supply to

Europe, they place it the same as that received from the last

crop of 4,170,000 bales ; and they also estimite an equal supply

from other countries ; whereas all reliable information here

points to 7.'>,000 less Egyptian, 75,000 less Brazil, and from 100,000

to 150,000 less from India than last year being received this

season in Europe." A blunder in the supply of some 600,000 bales is thus

apparent. * * * -• ***»*»" It ia always better to make the data of cotton statistics the

1st of October to the 30th of September, for then all the crops

have been dealt with. This is done by Ott Triimpler and other

authorities. To enable our readers to judge this last production

of the Financial Chkonicle correctly, we place it alongside

present current estimates here of the supply and consumption of

Europe for this year, and which we find endorsed by well-informed

authorities

to prevent it beioc lo but a want of cotton. If, therefore, tUa

supply is cut short, as at present anticipated, and as a redaction

in the Btockj held by spinncrH and at all the portn of Kurope to

U70 000 bales would be impossible, then the consumption murtbe chocked, and the qnestion ariani what price will cb«ck eoo-

sumption—will it bo »d. or lOd. for middling American cotton ?

In 1871-72, when w« last experienced a short Bupply, Americancotton rose from 7Sd. in July, 1871, to OJd. in February, 1872, andto tl{d. afterwards, Tthen the short American crop was fatly

realised."

Estimates are only matters of opinion, always open

to objection, and, when erroneous, sure of ultimate cor-

rection. But statistics of facts, p.ast or present, are

either right or wrong. Tlie C!uko.M(.le's statistics have

been most obnoxious and the cliief objects of assault

since 1871-72. And now how do we stand? We are

not required to abandon or change our method or any of

the results obtained during these years, our consecutive

articles being finally sustained and confirmed by the best

statistical authority on the Cotton Trade in England,

whose conclusions are accepted by the Cotton Broker's

Association of Liverpool as correct. The divergence

from our line of statistics, begun in 1871-72, is ended,

and the two lines have become essentially one again.

The ignorant presumption of the critic, whom we have

quoted, upon our article of February 27, 1875, is

sufficiently rebuked by the facts which so wonderfully

correspond to our expectation. The supply of cotton

was not "cut short;" the stock of cotton held byspinners was increased and not diminished; consumption

was not checked by high prices, which did not go to

lOd. nor 9d., but only to 6|^d. for Mid. Uplands at the

end of the year.

But the main interest these figures possess is as a

guide to the future. As .stated above, the question of

past consumption seems now to be settled in onr favor.

We therefore reproduce our statement of spinning

spindles of 1875, and .add to them those of Messrs.

Ellison & Co. for this year, being substantially in accord

with our own returns:—fSpinning SplnillM.-, , CoMumplion for 1816. ,

Lbs. per1875. 1376. splnOle. Iht. poinds. Tol.baltn.

36.500,000 39.132.000 38X 1,275,000.000 i>.22S,000

1»,300,000 20,800.000 45)^ 945,000,000 «,448,C00

Presentesttmate-i

current kerf.Stock. Ut Oct., 1874, at ports sf Europe and held kyspinners 1,488,000

Imports—American 2,500.000

East India and other kinds 8,391,000

" FinancialChronicle"esttmatea.

1,334,000

•i,80O,C00

?,72O,0flO

6,854,0006.50.1,000

Total supply 6,879,000Probable cousumption of Europe same as last year 5,700,000

Stock, 1st Oct., '75, at ports and with spinners In Europe 67:>,000 1,361,000

" In placing the above figures against the estimate of that of

the New York Financial Chuonicle, we assume the consump-

tion of Europe to be the same as last year, because we see nothing

* According to Ellison & Co. the actual import of American was 8,336,580,and from " other countries " 2,688,750 bales, even the latter exceeding onrestii^to in pounds.

Oreit Britain.

Continent

Total 66.0:0.000 58,522,000 .... 2,220.000,000 5,676,000

It is not our purpose at this time to enter npon the

question of supply. The foregoing would appear to be

the present spinning capacity of Europe.

tatest fUoiietarg an& (ttoinmerctal (Snglisl) iSciuj

RATES OP 8KOHANGB AT LOIVDON. AND ON LONbONAT IiATBST DATES.

BXCHANGK AT LONDOU—FBBHUART 4.

EXCHANGE ON LONDON.

Amsterdam...AntwerpSamburgParisParisViennaBerlinfrankfort ....

St. PetersburgOadiiLisbon. ...

MilanQonoaXanles....MadridNew York .

Rio de JaneiroBahiaBaenos Ayres..ValparaisoPemambnco .

.

2£ontevideo...BombayCslcattaHong Kong...ShanghaiPenangSingapore.. .

Alexandria....

3 months.

short.3 months.

90 days.3 months.

LATESTDATE,

12.3 ai2.3X I

»5..«>tf@S5.4S>f20.59 ^20.63 I

25.10 ©25.25I

25..37^a-:5.45 1

11.70 ail.75 I

20.59 320.63{

20.59 S20.63 •

30«@.30J<,

48wia<8I

52»^227.65 S27.75 i

27.65 ©27.752T.B5- ©27.75

@"li

60 days.

Feb. 4.

Feb. 4.

47

Is. 83<(*.®«<iIS. 8S(d.07<d.

3«. K\d.it. id.

U. Vi\<l.

Feb. 5.

3mos.'80 days.

Jan. 8. todays.

Jan. 1.

Dec. IS.

short. 12.05Smos. 2S.IS.... 20.15

short. 25.143mo8.

14.30short. 20.39

20.39

....

1 7-M

Feb. 8Jan. 29.

Jan. 20.

Jan. 20.

Dec.' 29.

Feb. «.

6m»s.

48.es4.88

4) d4»lt43jr®43«

U. 9ii<t.Ii. 9 &-16J.4». 0>,-d.

5>. 7d.

Smoa.4*. OHd.&s<t.

174 The CHUONICLE [February 19, 1876.

[.From oar own corre8pondent.1

London, Saturday, Feb. 5. 1876.

The money market has been very quiet, and the rates of dis-

count have continu«d with a downward tendency. At one period

of the week the best three-months' bills were taken in the open

market at 3i per cent., but since then there has been a slic^ht

advance upon that quotation. The rates, however, are still very

easy, the best bills being negotiated at 3f per cent. The directors

of the Bank of England have made no change in their rates ot

discount, the minimum quotation being still 4 per cent. The

weekly return shows, however, that there has been some slight

increase in the demand for money, the total of "other securities"

having been augmented by £587,847. The note circulation has

been increased by £433,944, and there is a diminution of £310,291

in the total reserve, ihe result being that the proportion of reserve

to liabilities which was last week 43i per cent, is now about 42^

per cent. Complaints still exist of the great scarcity of bills, and

there is very little likelihood of any material increase iu the sup.

ply, as there are not yet even indications of improving trade. The

rates for money are now as under :

rercent. |Open-market ratns

:

Bank rate 4Open-market ratesaOandeOdiys' bills 3«@.

I

Per cent

.

4 luoniiis' bank bills .^K®...6 months' bank bills .3Ji®...4 and 6 monthii' trade bills. 4 @4>^

eoLS* 8. d.

Bar Gold per oz. standard. 77 9X®Bar Gold, fln4....' per oz. sUndard. 77 9XOBar Gold, reflnable per oz. sUndard

.

77 llxaSpanish Doubloons per oz. .... &Sonth American Donbloone peroz ®United Stages Gold Coin peroz.

s. d.

d.d.

55 3-16® ...

.... la ..

a ...

& ...

-- 7'3 months' bills 3>ia

The rates of interest allowed by the Joint-siocK banks and

discount housefl for deposits are as follows :

Per cent.

Joint-stock banks V^a."Discount hoases at call n^'"Discount hoases with 7 days' notice J ©•Discount hoases with 14 days' notice a &...

Annexed is a statement showing the present position of the Bank

of England, the Bank rate of discount, the price of Consols.

the average quotation for English wheat, the price of Middling

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

and the Bankers' Clearing House return, compared with the

previous four years :

187S.

Clrcnlation, Incladtng £bank post bills 25.404,791

Public deposits 7,421.083

Other deposits 20,121.789Government secarities. 13,995,441

Other securities n,718,6J4Reserve of notes andcoin 14,177,199

Coin and bullion In- both departments.... 24,180,249

Bank-rate 8p. c.

Oonsols .. 91JiKnglishwheat 568.01.Mld.tTplandcotton .. 10 3-164.

No.40 mule yarn fair id

Caea?ing House re'turo 112,038,000 149,"3i2,0flb 136,358,000 149.600,000 125.440,000

• Prices January S7.

A prominent feature in financial circles during the current

week has been the decision of the Indian Government to make

no allotment of bills on India. It was formally notified that the

usual amount of £700,000 would be offered, but the tenders were

so much below the minimum fixed by the India Council, that the

offers were declined. I mentioned last week that tach fall of a

l-16th causes a loss of .£2,000 to the Indian Government on the

total of £700,000, and it seems probable that the Government will

make no more offers until the sales can be effected with a profit.

The price of bar silver is now only 5ifd. per ounce, and it seems to

be doubtful if any material improvement upon that price will take

place for some time to come. There are ample supplies in the

market. The demand for India, China and Spain is now

restricted, and is insufficient to take them quickly off the market;

but it is not improbable that in the event of the Indian Government

ceasing to draw bills on India, there would be more inquiry for

silver as a means of remittance.

The following are the rates of discount at leading cities abroad;

is;3. 1874. 1875. 1876.

£ £ £ £25.666.325 26,396,375 46,728,816 27,504,180

11,773,5 .'6 6.081,109 4,320,731 5.126,«10

17.474,.56« 17,709,893 18,281,250 18,402.786

13,287,683 13,897,455 13,.^69.397 13,887.374

!9.324,896 16,981,323 17,352,232 17,708,170

15,066,828 11,293,259 9,849,520 10,169,471

25..381,063 2-2„30.3,189 51,220,025 22,355,451

3X P- c. 3Xp. c. 3 p. c. 4 p, c.

9iii 92 92Ji 94>^d.

563. 8d. 633. 9d. 43b. Od. 44s. -ii.

lOi. 7Kd. 7Kd. »65id.

BII.VIIB.

Bar Silver, Fine per oz. standard.

Bar Silver, con'ng 5 grs. Gold per o?. siandard.

Mexican Dollars peroz. .

Spanish Dollars (Caroms) peroz. none here., ,,

B^ve Franc Pieces •, ...peroz..

Qnicksllver, £11 per bottle. Discount. 3 per cent.

In the stock markets during the week there has been a greai

want of circulation, and the tone has been rather dull. Britisl

railway shares are mostly lower in value, the dividends recentlj

declnred having disappointed speculators, and, to some extentJ

shareholders. For the principal foreign stocks, however, there

has been a steady demand at improving prices. United State

descriptions have been in request for investment, and are highe

in price, while French and Italian bonds have also attracted atteni

tion. Spanish are higher, owing to the success which has lately!

attended the Royalist forces, and Egyptian have been dailj

advancing in price. The Turkish market, however, has beenl

dull, with very little business in progress in it. The first mort-^

gage bonds of he principal American railroad companies have been

in moderate demand for investment, and the variations in prices

have been mostly favorable.

The trade for wheat has continued in a very inactive state, but

there has been no material variation in prices. The arrivals of

home-grown produce have somewhat increased, but both quality

and condition are very poor. Hence, the better qualities of

foreign produce attract some attention and are steady in value;

but no upward movement is perceptible. The weather has been

very mild, and there are apprehensions, not only that vegetation

will make premature growth, but that we shall have an unpro"

pitious Spring.

The following figures show the imports and exports of cereal

produce into and from the United Kingdom since harvest—viz ,

from September 1 to the close of the week, compared with the

corresponding periods in the three previous years :

18. 3d. U. Id. Is, Od, *l8. Od.

Bank Openrate, market,

per cent, per cent.Parle 4Amsterdam SHamburgBerlin 4

Frankfort 4

ViennaandTrieste..,. 4>i'

Madrid, Cadiz and Bar-celona 6

Lisbon and Oporto ... 4

St. Petersburg

3«3

2J<@32Ji@3a%®3

3K

BrusselsTurin, FlorenceRome

LeipzigGenoaGenevaNew YorkCalcuttaCopenhagen . .

.

Constantinople...

Bank Openrate, market

per cent, per cent.

3Xand

K

554

6

4Jtf

3>i4><

3H5X@7

"e"5« 5X®6>i

There has been a moderate demand for gold for export, and ^

few parcels are understood to have been purchased on account of

.the German Mint. Imports and exports appear, however, to

diave been nearly equally balanced. Silver has continued very

dall, the supply being considerably in excess of the demand.

Prices have in consequence declined Jd. per ounce. The value

.ot Hexieaa dollars has had a downward tendency. Annexed are

the quotations

:

187.'S-6. 1874-5.

Wheat cwt. 28.717,349 !6,816,.36S

Barley 4,751,-249 7,381,-263

Oats 4.506,329 4,019,487

Peas 710,069 8T7,862

Beans 1,624.364 1,033.6:10

IndianCom 3,778,785 5,318,7)2

Flonr 2,844,389 3,299,766

BXP0KT8.

98,018 141,697

10,678 146,677

16,022 51,020

10,277 10,9461,754 1,048

14.308 32,731

9.391 61,683

Wheat cwi.BarleyOatsPeasBeanB - - ..

Indian CornFloor

1873-4.10,603,1513.836,0273,912,269380,563

2,294,1127,003,501S.68J,505

1.458,41749,40356,1617,517f41

76,969c2.169

187S-3.22,633,6618.116,5704,321,443

6,')3,640

1,1 23,-387

10,186,8983,0:«i,76»

116,0,'>8

5,S80.

26,7864,011732

1311.1

1The official return for the week ending January 99th sho

that the sales of English wheat in the 130 principal markets

England and Wales amounted to 53,325 quarters. In the previon

week they were 40,536 quarters, and in the corresponding week

of last year 54,.521 quarters. Since harvest the sales in the 150

principal markets have been 1,034,438 quarters, against 1,353,932

quarters in the corresponding period of 1874-5. In the whole

kingdom it is computed that the sales during the week were

209,300 quarters, against 318,100 quarters;and, since harv.

they ha-,-e been 4,097,750 quarters, against 5,415,700 quarters ii

1874-5. The following is an estimate of the quantities of wh'

and flour placed upon the British markets since harvest:

1S75-6. 1874-5. 1873-4.

cwt. cwt. cwt.

Imports of wheat since harvest.... 26.717,349 16,818,368 19,663,151

Imports of flour since harvest 2,844,389 8,299,7.36 2,634,505

Sales of Enalish wheat 18,439.984 24,370,600 21,873,820

Total .4ii001,723 44,488,724 44,221,476

Deduct exports of wheat and Hour. 106,009 173,382 1.540,613

Result .. ..47,895,713 44,313,342 42,680,863

Average price of English wheat for

theseason :7 47b. Od. 458. Od. 628. Od.

EasllaU MarKet Keporw—Per Cable.

Thedally closing quotations in the markets of London and Liver,

pool for the past week have been reported by cable, as sh^wn in

the following summary

:

London Money and Stock Market.—The bullion in the Bank

has increased £370,000 during the week,

Rat Moo.OoneolBtor money 94 1-16 91 3-16

" account 94 5-16 94>i0. 8. 68 (5-208,) 1865,old.l06 105%

'1867 109X 109Xa. S.10-408 1055i 105Jf

New 58 106X 106>i

Thaqaotationa lor United States new fives at Frankfort were :

O.S.newflvee lOlJi

Tues. Wed. Thur. Frl.

94 1-16 91 1-16 94 1-16 94V94 3-16 9-tH 91.(< 94?i

lOiy, lOSTi U>5Ji 106K10 IK 109K 109»i 109X106 lOOJi 106H 106Jf

my. 106>i m'A lOOJi

I

Febroary 19, 1876.] THE CHRONICLE 175

Liv»rpool Cotton ifrtr**!.—3ee special report of cotton.

Lh&rptx^ Breadttujfi Market.—sat. Mon. Tne«. Wed. Thnr. FrI.

. I. d. 8. d. t. d. t. d. a. d. a. d.rionr(We«iern) »bbl « SJO WO «ao JSO «oVrbcaKKed W'n. Bpr).VcU B3 83 83 8S 83 HU" (Red Winter).... "!I8 98 »8 98 »8 98" (Cal. White ciiib) " 10 ti 10 B 10 10 8 10 « 10 4

Com (n.W. nils.) «! quarter SIT H 21 9 21 8 S7 » iW 6 »7

Peaa (Caiuiiian) » unarter .18 b a8 B 39 39 39 38 B

Liverpool Provisions Market.—Sat. Mon. Taea. Wed. Ttanr. FrI.

a. d. a. d. a. d. a. d. a. d. a. dUeer(mee8)Dcw9 tee 92 91 6 9't II 93 6 93 6 93 (i

Pork (mefiii) new l^bbl... 8« U 83 8i Bi Si « 82 a

Bacon(l.cl. inid.lnewWcwt 53 9 63 8 53 8 S3 6 53 B 53 6

Lwd (American) ... " 5(1 li 59 6 59 59 59 59 d01ieo«e(Amcr'n line) " 59 6 60 o 80 60 80 60 q

Liverpool Produce Market.—Sat. Mon. Toea. Wed. Tlior, Frl.a. d. a. d. a. d. a. d. a. d. a. d.

RMln (common). . . Vcwt.. 49 49 49 49 49 49" (pale) '• 16 IB D 16 18-0 18 18

P»trolea.a( refined).... ¥ "a! llj^ III4 UK "K 10)^ 10>,-

;9piilts) " 9X 9>< 9X 9>i 9 »

ftllowf American)...* cwt. 45 4'i 45 44 B 44 6 44 6

Clo«-r9eed(Am.red).. " 60 fiO » 60 60 60 60

SDlrlti. tnrpentlne '• 24 6 24 6 24 B 21 6 84 6 24 6

London Produce and Oil Markets.—Sat. Mon. Taea. Wed. Thnr. Fr).£ a. d. £ 9. d. £ a. d. £ a. d. £ a. d. £ a. d.

L:ii8'dc'ke(obl).tptc.lU 10 10 10 10 10 10 10 10 10 10 10[,ini)ecd(Calcatta) 50 50 50 50 50 M»asar(.No.l2D'ch8td)on spot,*) cwt 22 6 21 6 22 6 82 8 22 6 28, 6

Siwrmoil Stun. .9900 99909900990099009900Whale oil ",34 00 34 00 34 003400 34 003409Lineoedoil....!gCwt. 23 9 23 9 23 9 28 3 S3 3 S3 3

(jHoiuinccctal anb iHiBCcUanjeoue News.

Import* and Exports for the Wbbk.—The imports thisareek show a decrease In botli dry goods and ereoerKl mer-cliandiHe. The total imports amount to $.5,210,518 this week,againBt la.T.IG.SOO last week, and $5,406,869 the previous week.The exports amount to |3,440,39.5 this week, CKainst $4,.557,3T.5 last

week and.f.5,003, i!98 the previous week. Tlie exports of oottot

the past week were 5,080 bales, against 9,730 bales last weekThe tollowlnsare the imports at New York tor week ending (for

dry tfoods) Feb. 10, and for the week ending; (for general mer-ebaudise) Fub. 11 :

rOBIlSH IKPOBTa AT HIW TOIIK FOB TBI WICK.18T). 1874. 1875. 1876.

Dry eooda 15.01)5,815 $3,959,'. 13 12,763,782 12,425,267Oeneral merchandise... 6,268,523 4,912,590 3,8:18,146 2,785,251

{11.361,36842,348.109

$8,871,70333,5?5,2;)9

$6,601,92831.764,6)2

$5,210,51834,157,274

Total for the week..Previoualy reported....

Since Jan. 1 $53,692,477 $42,446,912 $38,366,560 $39,667,792

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

The following is a statement of the exports (exclusive of specie)from the port of New York to foreign ports, for the weekendingFebruary 15 :

BZPOBTS FBOH HSW TOBK FOB TBB WBIK.1873.

Portheweek 15,611,326Pcertoasly reported 2-i,3W,9 il

Sama time In— 1 Bams tin* In—1875 SlSB.mlino •I.I».97S1874 896,631 1 U6« l,7«).4401873 I47,248il88e IU,M71878 S88,»*» 1887 ISI.8791871 891.4981

itorip of the Mntnal Marine InHnrance Companle* of NewYork, outstandmg, 1876. Compiled by Ueo. E. Cook & Co., inaar-ance scrip brokers, 49 Wall street

:

ATLiNTlU.IntereHt ami Re-

demption paid flriit

Tdeaday In February.I Bane of new acrlp,

Int Tnmday In April.

CoMXEnciAi.lnl«reMt and Re-

demption paid 8ndTuesday in February.Irti*ue of new «crlj),

4lli of April.

N«w YOBK.

187318:418751876

$8,504,9008,180,2608,198,2302,099,000

$8,98.3,390

18701871

18721873IV7418751876

$685,690

Interest and Re- 1863 $8S,?.V)

demption paidTuesday In Pebrr

2ud 1S64 181,160'ry. 1865 89,44<'

Isane of new scrip. 1867 83.380Itt of April. 1868 37,490

1869 59,0101870 55,1901871 S6,0!01878 50,0601873 47,1101874 as.eao1875 68,1!'0

1878 59,000

$630,300Sun.

Interest Ist Tues- 1869 $67,650day in February, 1870 .39,90)

$107,560

Obieht.Intereat and Re-

dempllou pnld Utof March. U>ne ofnew acrlp, 5Ui ofApril.

Pacific.Interest and

demption paidTuesday In Pebru'ry.Issue of new scrip,1st Tuesday In April.

Re-Itt

Umo».Interest 1st Tues-

day In February. Kc-demptlon, .Id Tues-day In Feb'y. Issueof new scrip, lat ofMarch.

'86318S4186918««1867law1869187U1871lfi7<

in418TJ

1888186918:018711878187418761878

186318M186S188818691870Irtl18781878181418791878

1108,770100,8W98,810S7.7<»74,81010",CiOr8,480rx),7ioa^08o46,960U.tW

ujmt

>«8,0I7l5.-,840

116,49074,77047,81088,40088,98019,000

$698,737

$78,710183,670185.5408-7,410

«1,1«06a,«!041,81019.89041,74040.80060,90089,000

•881,980.$668,080. 900,000. 500,000

1874. 1875 1873.t,U:Hr,,fih9 $.3,953,534 13.440,29532,1)73,40? 26,806,051 29.558,312

Since Jan.l $:)4,0S2,237 $37,019,3)3 $3o,758,C:)3 |3>,998.607

The loUowing will show the exports of specie from the port ofNew York for the week ending Feb. 12, 1876, and since thebeginning of the year, with a comparison for the correspoadinpdate in previous vears :

Feb. 7—Str. City of Brookiyn.. Liverpool Silver bars $101,500Feb. 9—Sir. Parthia Liverpool Silver bars 67,000

Am. silver half-dels.. 6,000Feb, 10—Str, Wicland.. Ilambarg Silver bars 32.991

U.S. gold coin 1,,300

London Sllverbars 65,0()0

American silver coin. 3,500Paris Silver bars 27,220 1

Pi'I). 10—Str. City otVeraCruz.Havana Spanish gold luO.OOOI'sb. 12—Str. Celtic Liverpool. American gold coin.. 200.000

hilverbara 93,000American silver coin, 1,000

"lb. 12—Str. Donan Sonthampton.. American gold coin. . 250,000.Mexican Sliver coin.. 4,000

Bremen Silver ore 2,693

Total for the week $9.')4,204

Previously reported 2,253,836

Total since January 1, 1870 $3,808,040

Same time in

—

[ Same time In

—

1875 $12,253,.3.32 | :870 $1,.350.9601874 4.657,922 1869 5,139,1711873 9,804,904

I1868 9.6,'>7.851

WI2 1,775,013 11867 4,085,8131871 5,481,227 I 1866 3,'.65,901

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

Feb. 7—Str. Andes ...Port an Prince. Silver coin $249Feb. 10—Str. AcapiUco Aaplnwall Silver coin 14,000

Goidcoin 22,650Bullion (gold) 1,393Gold dust 418

Total for the week $39,204PrevlouBly reported 398,982

Total since ^an. 1, 1876 ^ $438,136

Great Western, capital stockMercantile doSun do

International Ocean Telegrapli.—At a meeting held in NewYork, .January 27tb, it was resolved that it was desirable to retirethe preferred stock, and that it should be exchanged for commonstock on the basis of three shares of common for two of preferred.The subject was referred to the directors, with authority to secureconsent of holders ol preferred stock in writing, no exchange tobe made until the consent of 90 per cent of that stock is had.The preferred stock is now $650,000 and the common stock $850,-000. When the exchange is made there Will be $1,825,000 com-mon stock.

—Messrs. Dan Tal mage's Sons, under date of Feb. 15, 1876,say of the rice market :

" With limited receipts and liberaldemand, prices continue firm, and all the probabilities favorhigher rates at no distant date. Prices are now lower by nearlyone cent per pound than at any time since before the war. exceptfor a few days in 1873, during the panic, and then, althoughgeneral depression prevailed in other lines, prices almost imme-diately re-acted. The consumption of the present crop (Carolinaand Louisiana) has been over fifty per cent in excess of that oflast year up to eqnal date, showing plainly that, although not therice season, the demand has enlarged greatly with the cheapeningof prices. Tliere is now on hand of the crop about the same asat equal period last year.

—The Bowery Savings Bank has issued a handsome little

volume, neatly bound in cloth, giving a history of that prominentcorporation from its original charter in 1834 down to the presenttime. A sound savings bank is one of the most important insti-

tutions of a civilized and thrifty community, and we would ad-vise depositors to patronize those only which are willing to throwfull daylighi on their affairs.

—The fifth annual statement of the Texas Banking andInsurance Company, of Galveston, shows the following: Totalresources—currency. $729,910 47

;gold, $20,774 71. Liabilities-

Capital stock, $300,000. Due depositors, currency, $352,403 81;

gold, $18,948—total liabilities, currency, $729,910; gold, $20,774.The earnings in 1875 were $213,793 currency ; disbursements,$137,884 53—net earnings, $75,809 02.

—The Chicago & Alton Railroad Company has declared a divi-

dend of four per cent on both the common and preferred stock,payable at the office of Messrs. M. K. Jeeup, Paton & Ck)., .53

William street. New York, on and after March 1. Transfer booksclose February 16, and re-open March 2.

—The Governor of the State of Nebraska has appointed tbewell-known firm of Kountze Brothers, of this city, as fiscal agentafor the State, and all coupons or bonds of the said State,

or any of tho counties, towns, cities, &c., contained therein, will

be paid at their banking house, No. 12 Wall street.

—We call the attention of business honses to the advertisementof Mr. T. G. Sellew, of 103 Fulton street. His establishment con-

tains one of the largest assortments of fine desks and ofTicc fur-

niture, to be fou.id in New Y'ork, all of which he is offering at

low prices, on account of the depressed condition of business.

—Mr, Maturin Ballou, of Wall street, offera his services for

the investment of trust and other funds on fiist mortgage aecar-

ity ; he also deals in State, city and county bonds, and other

investment securities and commercial paper. We caii attentioa

to his card io oar to-day's issue.

176 THE OHIIOIVICLE. iFebraary 19 1876.

NATIONAL BANKS OROANIZBO.Tbe United States Comptroller of tlie Currency furnishes the

following statement of Nntional liAnks offi^an'zed the past week :

•1.S3-1—Flemlm; County National Bank of FleininReburg, Kv. Authorizedcapital, S50,tOO; imld-iu cipital, $.M),U0O. E. K. I'carce, Proaident;Tno-». S. Andrews, Cashier. Anthorlzed to commence buoiuegs, Feb.11. 1878.

S,844—Palmer National Bnnk, Massachnsettii. Authoriz!!d capital. ^loMC:paid-in capital, $19,4 (6. Marshall W. French, President; LeonardUresn, Cashier. Authorized to commence bu^ines:* Feb. II, 1876.

DIVIDENUM.The tollowlne Dividends have recently been announced :

COKPANT.

RRllrnail*.Boston Uevere Beach & Lynn (quar.)Chicago A Alton, pref. and comSalem & LowellSummit Branch

itllatrellaueona.American Coat

Pb»; WUEK

I

MOOKB CLOSED.Cbht. iP'ablb. (Daya inclnslre )

i Mch. 15;

4 Mch 1 Feb 17 to Mch. 1

l>i |»ndem.|3 iFeb. nj

4 Mch. lo' Fob. a to Mch. 10

FUIDAY, FEBRUARY 18. 1876—6 P. m.The money Market and Financial Situation. The finan-

cial markets this week have been characterized by extremelyeasy money, much strengtli in government.? and other primeInvestment securities, irregularity in the movement of speculative

stocks, and firmness in gold and exchange. The greater con-

fidence in values of stocks and bonds seems to continue, and bo;hthe high-priced investment bonds and the lower grades of railroad

mortgages, as well as many of the railroad stocks, share in the

advantage, and have been marked up to decidedly higher figures.

The more buoyant feeling has thus far been sustained by better

reports of railroad earnings—the increase in receipts over thecorresponding periods of last year being pretty general on theWestern and Southwestern roads, and the percentage of increase

showing more than a mere nominal improvement.We liave, by the latest English mails, the statement from

Messrs. Spackman & Sons' Circular, in Loudon, showing thecapital proposed to be raised by new companies brought out in

that city during 1875, new issues by previously existing companies, and foreign lor.ns introduced during the .same period.

They remark upon the small amount of the total as comparedwith previous years.

New bsucsby pre^'ion8ly

exisUugcompanies.£«,888,68536,971,03325,083,98013,988,000

Capitaloffered by

uewcompanies.

. £44.181,tK)0

. 44,374,(44

. 80,5:2,4807,44;j,O0O

by existing companies, the

ForeignGovernment

Loans.

£227,781,825128.840,7(

29,140,00014,000,000

following

Capitalcalled up.£8,lt)7,8„0

981,230835,0,10

a8J,60i)

£ll,02!,O5O

Paid tip.

£4,825,0007,360,000937,600

1872187S18741875

Of the new issues,

analysis is given :

Capitaloffered.

Kailwaya £10,445 OCOTelegraph 1,110,000Mining l.OOJ.OOOFinancial.. 600,0.0

Totals (i»cluding all other) £13,998,000The foreign Government Loans introduced were;

Issue AmonutLoan. Price. of stock.

Brazilian, 6 per cent 96V4 £5,O0J,l-00Russian, 4V4 per cent 92 8,000,ti00

Swedish, 4H per cent 98Ji 1,000,000

Totals £14,000,000 £13,;72,5O0

The following list shows the principal American companieswhich offered loans during the year, though as to these it maybe stated that not the entire amount was placed;

Amount„ .

'offered.

Baltimore & Ohio Railroad £1,300.000Central Railroad of New Jersey 'eooioioChicago & .Mton Railroad 201,000Delaware & Hudson Canal 400 000Keokuk & Kansa." City Railroad 500000LeUgh Valley Railroad 600,000Nortnern Central Railroad .' .. 200,000Pennsylvania Railroad

. . . 8 000United New Jersey Itailroad & Canal ......... '460'000Utica Ithaca & Elniira Raihroad 300 000Western Union Telegraph 1,030^000

Total £8,590^Our local money market has been decidedly easy, and the bulk

of business on call loans has been done at 3@4 per cent. Forprime commercial paper the demand is far ahead of the supply,and the bottom price is 4J to 5.| per cent.On Thursday the Bank of England showed a pain of £370,000

in bullion for the week, and the discount rate remained un-changed at 4 per cent. The Bank of France gained 18,470,000francs in specie. The Imperial Bank of Uermanv gained 4,063,-000 marks. •

^

The weekly statement of the New York City Clearing-HouseBanks, issued February 13, showed an increase of $1,310,850 inthe excess above their 35 per cent, legal reserve, the whole of suchexcess being $1G,010,.575, against $14,799,73.-), the previous week.The following table shows the changes from the previous week

and a comparison with 1875 and 1874:

-1876.- 1875.Feb. l:j.

1874.Feb. 14.Feb. 5. Feb. 12. Differences. run. 13. ica 14

U>aQsanadlB. $3(16.067.400 $266,656,700 Inc.. J4S9..S00 $293,111,200 $878 217 000Specie.. 23,570,800 24,504,600 luc. 93:^,800 15,894,300 30 687,300gjrculatlon.... 17,t49..100 17,293.600 Dec. 165,800 S;j,512,90O 26,895,600NetdeposltB.. 254,509,100 525,588,500 Inc.. 1,049,400 2.38,M2,300 839,070 700IiOfal tenders. 47.35,200 47.895,600 Inc.. 539,400 56,647,400 59,872,100

United State* Bonds—There has been an active business ingovernment securities, and prices have again advanced materi-ally. There has been more demand for five-twenties of 1807 and1868, but the noticeable inquiry has been for currency sixes andnew fives of 1881, dealings in the last named issue being of largeamount. The importations of bonds by foreign bankers havebeen le.ts than in the previous week. It has been reported thatMessrs. Belmont and Seligman were in Washin»tou with a prop-osition for a new Syndicate to dispose of $500,000,000 of the new4A per cent bonds, provided they are authorized and run 30 yean,as propose!.

Clo.iing prices dally have been as follows:

Feb. Feb.16. 17.

123}i 123,ii

i33>^ *m}i

Feb. 1

91Feb. Feb. Feb.

int. period. 12. 14. 1.3.

6s,l8Sl reg..Jan.& July. *ia2>i Ui% I'M},'

68.1831 coup.. Jan. & July. lii;i 123 *I23,','

68, 5-20'8, called b...reg.. May &Nov. *ll4;i '1145^ 'IMJi6s,5-20's, called b.coup..May & Nov. *lH}i *i:4^ 'IMJJ6s, 5-20'8, 1805 re?.. May A Nov. *niy, 117 Ji *I186s, 5-2ii'8, 1365 conp..May & Nov. 117Ji 'H-Ji 1!86s, 5 2U'8,1S65, n. i., rcg..Jan. & July *119>^ 119^^*1191^68,5-20'8,1865n.l.,coup..Jan.& July. 119H llOJi 18068,5-20'8,lS67.. reg..Jan. & July. 122 12J)i 122»;6s,5-20's, I867....coap. .Jan. <fc July. 121Ji 122),' 122%6i<,5-80'8,lSB8 ror..Jau. & July. Wa *\2i^ *123)^ *153K *123>^ «lS8'i6s,6-20'8, 1368 coup . Jan. & July. '123 *m}i *m'A*'^X 153?i *l8aS

Mar.ASept. 516Ji 117% »117}i 118 US "Mar. & Sept. 120X ISOM liOy, *mri 'UOy,..Quarterly. 118% 118)i 118% 118% 118^...Quarterly. 118% 118 IWU 113!^ 118=^

Jan.&.Iuly.*125% 126% 126 126X 127

5s, 10 40'8 reg.58, 10-40'B coup.58, funded, 1881 regSd, funded, 1881, ..coup.«s Currcncv reg..

llSSi *118 118',llbM '118 •lis'.120% ni9% 'ISO!20 120 120

122% 122"f mx122% :s2% mn

118%I21V119

118%127

'This la the onea bid. uoaaKwai made at (he Board.

Closing prices of securities in London have been as follows:

Feb. Feb. Feb. ,—Range since Jan, 1,

4. 11. 18. Lowest.I

Highest'

0. 8. 68, 5-20'B, 1835, oJrt . . I 105% 100%U.S.6S, 5-20'8,t867 I !09Ji 109i/s

D. 8.5s, 10-40'e 108 xl05%HewSs ! 105% I 106%

It. 1

IdSK 104J^Jan.. 3l I06%Feb. II

109% imx Jan.. SI 109% Feb. 1

106;^' xl05%Feb.ll 108«Feb. 10106% I 104% Jan.. 13' 106% Feb. M

State and Railroad Bonds.—In State bonds the most ul

favorable occurrence was the postponement of interest paymen!by South Carolina on her consolidated bonds. The payment wasfirst postponed from Jan. 1 to Fob. 15, and is now further put off

till April 1, in consequence of the delay in levying taxes. TheCharleston Courier thinks payment will certainly be made on the

first of April. The bonds have declined to 5G@,59. In Alabamaa bill has been introduced providing for the exchange of bondsaccording to the plan of the State Commissioners. Tennesseebouds are sustained to some extent by a Baltimore demand.

Railroad bonds have been active and buoyant, and not a fewissues have sold at higher prices than they ever reached before.

All classes of bonds have shared in the general firmness, fromthe high-priced first mortgage bonds of leading roads down to the

defaulted bonds which are selling between 30 and DO. In regardto some of the latter, it is to be observed that the condition of

their affairs is bettor known as time goes on, and as an estimate

of their ultimate value can bo made with greater csrtainty, th'

is more iuclioation to deal in them. The Pacific Railroad bohave again been very strong, and the prices of some of thhave touched the highest point yet reached. Among the con-

spicuous bonds liave also been the St. Paul and Northwesternissues, which have still further advanced under the favorableprospect that the Potter law will be repealed, and on account of

the large increase in the reported earnings of tlie first-named

road.

The following securities were sold at auction by Messrs. A. H.

Muller & Son ;

48 shares People's Gaslight Company of Baltimore 96%24 shares The Gaslight Company of Baltimore 176

120 shares Laclede Gaslight Company of St.. Louis '. HOX25 shares Buffalo Mutual Gaslign; Company of Buffalo 6054 shares Hanover National Bank 8010 shares Leather Manufacturers' National Bank 187

13 tiiares United States Trust Company of New York 330%3 shares Atlantic Dock Company 116

10 shares Bankers and Brokers Assoc'ation (50 per cent paid) 755 shares CoutineiUal Fire Insurance Company 12620 shares Metropolitan Insurance Company 7340 shares Firemen's Fund Insurance Company 91

30 shares Pennsylvania Coal Company 281

U9 shares Manhattan Gislight Company 288@30."1 share Clinton Hall Association 4f

5'3 shares Nat'sau Bank 1100 shares Fourth National Bank 90"

50 shares Natlenal Shoe and Leather Baak 145

70 shares Park Bank 127%®13065 shares Bank of the State of New York 105100 shares Bank of Commerce 115%100 shares Gallatin Bank 13250 shares Metropolitan Bank 126^43 shares Contin-ntal Bank 80V460 shares St. Nicholas Bank 1SO@I80%100 shares Mechanics' Banking Aeaociation 84%60 shares Merchants' Bank , 119H5U shares Market Bank 114

65 shares Bank of the Manhattan Company 15060 shares Bank of America 150X@16t

400 sharas Eleventh Ward Bank 76100 shares Trademen's National Bank 143%55 shares Bank of America 151%3;) shares Knickerbocker Fire Insurance Company 130

100 shares French Manufacturing Company, $100 each SI pcr share50 shares Manhattan Gar-light Company 2'*7^

SIO.OOO Third Av. Railroad 7 per cent, registered bonds iW

$1,1 00 City of Railway, N. J.. 7 per cent, improvement bonds 99{

$:i.lXX) Second Av. Railroad 7 per cent, consol. convertible bonds 81

$5,000 Chicago and Canada Southern Railroad first mortgage 7'8 33

89,000 N.O.. Mobile and Texas Railroad first mortgage bonds (Westerndivision), all unpaid coupons attached $13 per bond

Messrs. Albert II. Nicolay & Co. sold the following at auction :

$5,0:0 Clover Hill Railroad 8 per cent bonds, dne 1890 (hypothecated)January, 1876, coupons on 37%

$10,000 do, July, 1875, coupons on 36

11snt^T

late

PI

F.brjiry 19, 1876] THE CHROxMCLR 177

Daily closing prices of leading Stato and Railroad Bonds, andthe range since Jan. 1, have been as loUows:

Two. M, oldTonu. 01. new ....

N.Car. «i,old....VlFK. ii, consoltd

do iidserlei.Uo.4s,1onff bondsnut. or Col. 3 638.

C. of ."(..IlntcoHS().P«c.,lst6»,gldC. U. *jQ. cnna. 79(;.4N.w cp.goidC. 8.l.iP.Ut7ircrleut 78. ext'd.l,.S.*,M.S.adc.c|)M. c»Tit cons. 78.M.*.St.P. C.8. f.7)H. * KmS 'X ;8t 111.

- .V.C.&H. litcjp>. 3d M.C<mi*. 8. rrm8.Ft.w.*o.i«t8t.L. & I..M. I8t m(jB.PaC. l8t68,Kddo 8.F

Vi.

•un)i

•7.1

•4,1

lo.'X7!,1<

•110

107

HOH•i0.1«

•lOOX•ar:<wv

".17

l-.'U><

»sx

"MSlUS

»3X

Feb. Fob. Feb. Fob Feb.!4. 15. IS 17. H•«i< •4.1 4-1V 4» 4 IV•«)4 48W •4IK •4)X 4>V•17 •H'V •17 "U •1?

•7S •7.1 •75 •75 •76•41 •45X 411 •45 V "<5HWin

78X•10 J

74•lOiH

71(1'Miit

74XI1"X nox MOH •l'C»< •11110< 108V :o8« lOdJJ IW1(H i<

'^?3f•II'SK •10» •I0«VDIH 9i

109)^•109X •111) 10!) 1< lOJ•:f« •1(8 •101 •10! :ur•9SJ<103 «

•9a •»J •»8V •sax101 101 •lOfV t03V

88kmx SD 8j m117 •116 •116 117 •U«xlai'^ •iaox •iim i.'i •lilvM3X •98 X MX •.Hi; •)s5

111 IMS M>X •115•Kd^ 97 »; •97X iHXin\i 106H MIX 101»< 10) X'J3 *eA MH 9! •..7

—'lanite sluice Jan. l.'.o.-,Loirett.

I Ulghouli-i ,laii. ri 44 .;an. 81i«H 'a I. 4 4av Jan 3111 ,lan. 4 17X Jan. 1970X Jan. JP 7«H Jiu M41 Feb 1 4« Fob. I«;00 J«u. .S 108X Jai. ««lX.ran. 41 71* Feb. I6

lO^X •)»o- IsllMX Kb. !

101 J in. II 109 Feb. 18l«7x ) in. J lU'X Feb. Aa-.X Jin. S 93 Feb. 18107XJ>n. 8 110 .Ian. 7\M Jan 38i:i'8 Jail 2t

101 .rai.lii< J» I.

III! Jar.IjU Jan.MX Jin,

IIIIX Jai.9'i .lau.io;x Jon

I 99^ Jan.

7 101 Frb 1

SI 8JX Feb VI•lilt tell. Ill

V U2 Jan. 78' 99X Feb 1

1 116 Feb. 84 lOJ Jan. 20tm-a po». 16t' »1 Fob. IS

• This Is the orlcebld : no note vis made at cho Board.

Railroad and MUcellaneoun Stockn.—TUe stock marketImn generally been strong on a fair volume of business, thoprincii)al exceptions being Western Union Telegrnpb and PacificMail. The express stocks, after their largo advance of tlio pastweek or two, have lately been quiet and pretty steady. No roports of these associations are issued, and the public have nomeans of getting any definite information about them. TheImuling card of tho week has been the repeal of the Potter law inWisconsin

; the Vance bill for this purpose passed the Houselast week, and in private telegrams this evening it is stated thatit was passed by the Senate to day. This, together with thelarge increa.-ie in earnings shown by the St. Paul road, havemade the two leading Western railroad stocks decidedly buoyant, and their friends feel very confident that on the preferredstocks, at least, dividends will soon be ri-sumed. WesternUnion Telegrapli his been especially weak in consequence of thereduction of rates between Xew York and a number of the prin-cipal cUies by the Atlantic and Pacific Company ; in some quarters this is said to b3 a temporary expsdieut "only, to bear theWestern Union stock. Pacific Mail has b en sold down stillfurther and touched 8:3| to day. At the close of business ther<<was a iirm tone, and prices at the Board advanced i to i percent, in the last half hour. '

Total transaotions of the week in leadin? stocks were as fol-lows :

Lak« West'n Chic. & Ohio St, St. PaulShore. Union. N'west. Eric. Miss. St. P«nl. orcf3C linn 1 >t a^\i\ n -^nn *• /mn n . <n « T . _

PacificMall.

Peb- IS .^sno .36,900' I* 5,800 21,700

15 2,^00" 16 24,800" 17 1.5,800" 18 14.400

17,30050,3003.'),«no

14,800

ij,a» 9,700 5.900 8,100 9,40011,600 ».3X) 5,500 6, -200 25,58.5,800 18,500 12,900 5,8)0 12,100dSSOO 17,100 1I,70J 5.000 12,30055,400 9,000 11,800 i;,-300 ir,.5jo

65,900 7,100 18,80) 9,60J 12,000

9,3005,1003,2004,8002,400.3.001

Total 63,600 179,200 245,200 70,700 69,600 40,900 88,800 29,800Whol«8tock. ..800.000.494,665 337,871 149,980 780,COO 200,000 15.3,992:22,741

The total number of shares of stock outstanding is given inthe last line, for the purpose of comparison.The daily highest and lowest prices h ; ve bein as follows:

At.A Pac.pref

.

M. ft Pac. Tel.Central of N.j.C, -Mil.* St. P.

00 prel..Cblc. & North,

do pref.C, ISk. I.&p..Uol.CiUc.AI.C.Del., L. ft WestKrloAao.ftSt. J08.do. do. pf.

BartemIllhiois CentralLakoSbore.Mlch!(,'an Cent.M.lf.cuu.ftH.K.Ohio ft »llS8...I'Mlflc Mall....Pacincut Mo..Panama .

(Jnlcksllver. . .

.

do pref.8t.L., I.jr&S.8t.UK.C.&N.T., W»b. ft W .

Union Pacific..West. Un. Tel.Adams Kxp ...amorlcan Kx..United State,!..Wellt, Fargo..

Satarday,Feb. li

5H 6«20X 20X107X '.'.i7Jf

78 79«43 'i 43X64X 6IK109X 109X5 ?k-

U7 ni'4•6« l-'%20 HJiiW SOX141 143

99X m%66X «7>k60* 61

U

.ISS IWXti Zia35V 31K

'.30 13017 17aa 23

31X 3^XiilX 306 6X

•tax 68V7!« 7;km Ills6 Ik 6571 72J<89>S 89V

Monday,F,!f . 14.

6 6X20X 2(iX'mx !(I8

42-!,- 4iH<

I8X 79 X43»i 41X61

X

MXma mx1I7X mx17 17X20X 20^30X 30V144 145

•J8 99V6«X 6761 61

X

U3X ;i,5X22 X 22«33X 35XWX 13V

•.... 18

24K 2-.X29V 29V9 6

111 7MX"iia ViXlUH 111!^64 ?i 617i 76 X89H 91

Tuesday,Feb. 13.

20X W3i107V lOSX43 46

79X 79V44 45X65J« 67 X109)( UUX'5 5i<

117^ ;;7xKX nxio^ wa3'ix aov

'\ua »^100 KO66X mn60V ei

IHV 117X22 2iH3iX Sixii;< 12V

•130JI? ....17 17

22H 21

21V 23

6" 'i"69V "0

76X 76,X1!1V 112

6jX SIX75 7690 1.0

WednesdayFtl . 16.

5« 6

l»X IDSima 107X44 X 46X^in 8UX48 K 45X61V 67 X109V 111 H5 iH

I17X 117X17X 18X19X iux29 m

145

100 lOOXM% 67tox 61XIlex 116V2l9i na33V 35 W12X 12X130X 13)V17X nx•22H

25X2}X 29VOX «X691^ 6HV74 76

•lux 112X»IV «4Vi-4 75 XS8 Six

, ThursdayFeb. :7

5% 6X19 lux

107X . .

13X IS%78X 79V4SX 4165 66X109!, nCHSX 5X

iitx inx17X WX13 19

29 29•.... U3•39X 100

63X 66X60 tiOXlis lis

21X 223iX 3«X12X 12X

iJi 13; •

'17 18•22 ....•24 25

685? 69^

73X 74X109X 109X

'

63* 65

73V 71

X

•i7 B9V

, Friday,Feb. i8.

i9V i9v1U7V lOTV45X 4679X 80XiJH IIV6SV 'i7XUOXKIX5X 5X

118 1I8X17V mx19V 2D

29V 29V•.... 145lOOX lOOX«6X 6bX60V Si'V

115X 11«X2IK liJiii3X 31Xnx u:3JX13)17X 17X

'.'.'.'. 23"t9f( 31

5V 5X•63 ,X ,...

73X '*"iO' uov65 65x73 X 75

K

38X S8X

•This lathe price bid and asKsi: no tale wai made at the BoirJ

*he Gold WarkeJ—Gold has been more active and higher,chiefly in consequence of the shipments which have taken placeand the prospect that further considerable shipments will bemade in the imiiiediat-i future. About |1, 550,000 of gold coinwas sent out on Thursday, and it was intimated at one time that,5"'" 'lis ruling rate of exchange, it appeared as if this shipment

A i.**°"*'^® partly for effect. This is not apparent, however,

and the conclusion is that the transaction was done in the regularcourse of business, though with scarcely any margin for profit,loday it was reported early that $800,000 would go out on to-

'"•"I'j"'^steamers, but aftenvards this was said to have been

To o"" *^" ^°''^ '''*°* ^^^ ^^^"^ to-day for carrying were

'.-'. ^, 3, 4, 3 and 3i per cent. Customs receipts of the weekwere $3,681,000.The following table will show tlie course of gola and opera-

"ons of the 0old Exchange Bank each day of the past week:

Saturday, Feb.Mdiiday, "

l'a(j«d«y, "

VVedneaday, •'

Thursday, "

Friday,

Current week

,-;«oolrilon.

. Toial , Balsncea-aien. C'>w. Ili:{h. <;li)i.. Clu«rln<«. Gold. Currm

J— J,'2h .'.'?*< '"•« ""»' ''."O.03J 8J0.»lJ So,..113>tf I18X 113 , mx...inx ii3>i ii3!< Max...lUJt iH)4 111^ lixt^

37.'W1.00

1

51,0X7,000*».8S0,'iOO

I.W8.1MI.S1>I.I8I

1,350.2:»

Balance*rrwiey.3»IM..5U4MO. Ml

i.t71.TWl,tS3.!IOI

I,6M.«1T

.113 III 113'iProvloas wook IHX ll2Si 113 IIS 111,902.00)Jnn.ltodate 113 ll2;i IMX HSX ... .....

Forelicn Kxchanxe

7aS,3W 9lt,1W

The exchange market has been firm atSteady prlct^s, ruling for aclual business a little bel»w the specieshipping p lint. The exports of coin are referred to in the iroldmarket above. It is bulioved that tho movement of UoltodStates bonds towards this »)untry his latterly been of lessamount, but as there will probably ba very few railroad or otherIxinds placed abroad this year, it is anticipated that exchangewill rule firm unWss disturbed again by scarcity of cash goldhere or some other speculative influence. To day business wasdull on a basis of abrout 4.Wi for sixty dayg, and 4.8fl| fordemand, on actual transactions in piimo sterling bills.

Railroad EarnlUK*.—The latest earnings obtainable, and thetotals from January 1 to latest dates, are as follows:

Latest earn iags reported. , Jan.l to latest date.

„„... 18 "or 1875 or 18:8 or 1 873 or

AH,''"..'i'Tp* % *""J',"""','".

?'-•'=• «'«-58< tI02.2t5 «I,S»0,.3B9 t!,t30,m

Atlantic & Ptcm"... .3d week of Jan. "" '" " - -- — --<^rrT

Canada Soutliern Mii.ith of DocCentral Paclflc. . ..Month of .Ian,Chic. Mil. & St. P.. 8d wcok ot PjbOlD.Iiafay. & ChicDenver* RloO...Hons. & Texa.H Crilinols Central ...

Indianap. Bl. & W,Kansas Paclflc Ist week of FebKeoknk&Di!8 M... .Month of Dec..Marietta & Cln Month of ,Ian.. .

Michigan Ceniral Ist jveek of FebMo. Kansas&Tex... latweekof Feb.VIobile ifc Ohio Month of Dec.Ohio & Ml89iesippi*. 1st wcok of Fob.Pacillc of Missouri . . 8d week of Jan.Phil. & Erie Month of Dec.Rome, Water. & Og. Month of Jan..St.U AI.& T. H.hchs. Ist week of Feb.bt. L. I. Mt.<fc Southt iBt week of Feb.St. L K. O. * N . . . . 1st week of Feb.St. I.. & Southeast... Month «f .Ian..St. Paul &S.City,&c. Month of Dec.Tol. Peoria&Warsaw M«nth of Jan..

.

* This yeir'a flgnres include the earnings of the Sprlnsfleld Division.t High water nn five days, and no connection with Texas roads, are said to

be the causes of the falling off in earnings d irinj tho llrst week of February.New ITorlx Oltr Banka.—The following statement Bhowi

the condition of the Associated Banks of New York City for th«week ending at the commencement of businesi^ on Feb. 12, 1876:

. 1st week of Feb.Itft week of Feb.

. 2 weeks of .Jan

.

, Minth of .Ian..1st week of Feb,

21.913 21,412126.5.52 98,17T901,000 963,(138

12,5.010 74,(10,1

10 157 7,4957,34'i 6,«:i9

138.(14 85, .'38

583,147 597,21240,668 80.fl«3

48.496 52,39353,164 «7,;28167,2.50 1S«,805Ii3,442 113,65153,%» 5.3,806

291,014 3yi. i07

64.010 63,1547 1,710 .53,598

270.441 298,40680,788 67,5017,364 13,14962,600 80,954,59,8,36 44,6848a.fr»2 81,584107,562 6i,»7699,a0i 71,437

71,729 £8,081l,iU.im961.000 «!n.MI788,000 811,401U.-ini 41.«8S40,308 «<,«00134,»M 8*.M6538,417 wt.nt174,054 I46,<«S2i6.5:» 215,13079J.782 716,185167,*5« 152,8086(2,003 614,653310,419 251,906

1,911,342 1,391,018379,^05 319,830191.812 153,897

3,385,897 3,106,91980,718 «7,50«46,677 70.350

41 t,8T0 881,743306,371 252,67280,842 84,536

877,478 an,aoi99,208 71,437

B&KKS.New rork:ilanhattan Co 2,050.000Uerchants' 3,000/100.Mechanics' 2,000,00«CTnlon 1,500,000AmericaPhcanU

8,000,0001,800,000

City 1,000,000rradesmen'i 1,000.000Fulton 600,000Chemical 300,000Merchants' Kxch. .. 1,000.000Qallatln, National.. 1,500.000Butchers'&Drovers' 800.000Mechanlcs&Traders 600.000

200.000Leather Mannf 600,000Seventh Ward 300,000atateof N.York.. 2,000,000American Exch'Ke. 5,000,000Commerce 10,000,000BroadwayMercantile

1,000,0001,000,000

Paclflc 422,700Bepubllc 2,000,000Chatham 450,000People'sNorth America

412,5001^)00.0001.000.000

trying 5(10,000

Metropolitan 1,0C0,000Citizens aof,ocoKassan 1,000,000Market 1,000,000St. Nicholas 1,000,000Shoe and Leather.

.

1.000.000Corn Kxchange 1.000,000Continental 1.50(1,000Oriental 300.000Marine 400,000Lmporters'ft Trftd*rsParkMech. Bank'g Asso.

1,500,0002,000,000900,000

Urocers' 300,000North niver ;,1100.000East Klver 350,000Manufact'rs'ft Mer. 300,000Fourth National 9,000,00tCentral National... 2,000,000Second National 300,000Ninth National. ... l,500,CCtFlrtt National 500,(00Third National 1,000,00N.y. National Bxch. 500,0(0Tenth National 1,000,000Bowery National , .

.

New York Co. Nat.2,50,00 r

300,000German American. 1,000,000Dry Goods 1,000.000

-i,TaaAea XHorsT o»-Loans and Legal

Capital. Olsoonnta. Specie. Tenders.»S,000,000 H,8SI.20C 32,307,000 |1,U».000

6.856.«» 45;,100 i.m'K<i7,978,500

-

4,710,0008,434,9003,606.3«i

5,(07.5003,339.000

1,707,0008.^35,500

3,607.3003,872,400

1.7iM001.86I.4U0740.600

?,!18,5I

913.3003,8;i ,900

II.137.1'00

2 i.5o5.500

4.9.1,-<,000

3,477,*)C1,81)2,200

8,313,6003,136,1100

l,331,6tl0

2.505 .ioc3.596, too2,081,00012.727.01)0

1.614,4,10

2.2!5,6oo2.714.100

:.4»«.9«04.266.1002.9)4.2004.022.8001.3»i.5( u1.895.900

16.506.300

12.679.9001,038.400628,300P60.COO907,100174.000

:(,s5i,9ao7,.15«,O00

1,695.000

3,014.800s.uajoo6,588,9(01,451,010

1,1,57,1'qc

1.2»0,l)(0

i,oei,ouo

2,9(5,5001,980,900

768.5003C6,300

2903001,183,500

867,600926.400267.30132.000

535,70039 ',700

310,00059,100

10,800

44S.8(io

76,600379,100SI 1.000

1,8.53.300

les.aooWS,400u.no

814,300199,200

40089,9CO116,600231.000

1,069,03085,0004'),00«

I'AGOO7.S.1C0

93,10013i.21IO

256,4005,00U

101,700503,200

S,99«,W81.7006,30016,00013.800I2.ai0

557,10051,000

145,41X)

919,0001.•^S1,S00

2.aoo246.800

3.200

st4'.6a6

6.100

1,61)1,300

1,355.600

3oS.4001,971.600617,900

1,791,000

J17.200474.700

l,9ii,lliO

5(11300884,:<00

317.(002<9..'00

9f..6o0

S91.'001SS,200

l.CHl.SOO

2,031.000

1.986.5O0733,2006,18.500

513,300908,500820,200272.200401.000tkl!i.4(IO

s<5.coa1,335.000373,10025IAI0503,800'268,4110

768.300253.000617.000267.600375,(100

4.509.300

1.6:2.5(10

161.1110

1S3.400Mi.'XXI158.400148.2|iU

8.24S.90C

1.9U4.0OO452AlO

1.365,800

666.8001,521.000

303,7(016>,9C0»7.0DOS»!.C(04O9.M,'0

3:4,400

NetDeposits.•9,078,6W5.151.9006.5'!9.200

5.174.7003.131.3006.978,100

3,314,6005.18'i,900

1,367,0001,151,4007,41'2.300

3,H5.0'J02.031.7UO1 .379.000

1.184,500706.100

2,929,000818.500

3,809,6007,656.000fl,i<2,:Q0

3,<31.3003.371,5001,833^003.5'2,i)00

3,389. 1 IX)

1,211.4002.371J0O3,«7»,4002.133.0009.(i37,< 001.636.4U02.'307.0(0

1.876A)01,»57,»0()

3.320Ae1.5I6WD8.386.8(10

1.180.2001.933,»001».-J02*)0:5,l'3,10(l

828.200565.CU0311.200Ml .800

B903C01S.S46.9«06,7t4,0(»

1 .824,100t,»l4.a)06353,5008.273,300l,i«<.10a76 (.'200

1,II42J00

1.0(9,0002,97>>,500

1.531,100

Clrenlvtlon.

86«.7W270.0N

•V.3»4M,408

4643004S7.500t4*.aoo1W3001.700

24«,300eo,ico«7.«oa408,000

>,«M.10O8NJ00

772.4905.S06

Mfiiib116.10*4a>.oao

.U2.100S,IW

I94.M0100.1100

TSt.KIO4308

901.6014.009

1493W48030tao.(o*8M.1W

ia*,7ao

i.wii'oo1.307.000

189.0(0M.N048,l.<00

4I.4003«J31^441.1(10

'321J0M190.00*

Total (81 .03!JOO r336.55S.700 I24.304.60C 117.895.900 I3J3.558JOO tl7.J9».!««

The deviations from the returns of the previous week are >•

follows

:

Loans Inc. 9489.3CO | Net DepoalU -Inc. »'^JS?Specie Inc. 983,800 Clroolatlon ~l)«e. 1S6.80*

Legal Tenders Inc. J3<,4'<ol

The following are the totals for a serien of weeks paat

:

Legal Clrco- AggregateLoans. Soecle. Tenders. Deposits. laUor. Clearlan

Jao.M... 2'2.-2ai3a0 2;,481,700 44,(W)JOOO «),U2i (00 I^.^--""JS'^S-iif.

K.b !.,. 26«.0«7.4flO 2S>7.l.'son 47.356.200 221.509.100 1Z.«!.«» V.i'S'SlFeb. 12.. 26«,.VS(,7Sg 24,IW,600 47,8»30« J15.55«,5<10 I..a».5«9 4U.I56.99J

178 THE CHRONICLE. [Februaiy 19, 1876.

GENERAL QUOTATIONS OF STOCKS AND BONDS IN NEW YOKK.U. 8. Bond* ana active Railroad Stoeks are quoted on a previous page. Prices represent th* ver cent value, whatever the par may ie-

SKOUBITIXa.

state Bonds.

ikUI>ama»8,1883..lo Ss.lSfM .

dodododododo

88,1888 -- „88, Mont.ft Kuf'laB.88, Aa. & Chat. H^.88 of 1892.

of li'W,

Arkansas 68, funded. .•--„,do -8.L. R.ft Ft.SlB?.do 78, Memi>hlR &1.. K.do l8,L.n.,P.lt.,*N-l>.

do 78,Mll'B.(). & U. UlT,

do 78, Ari. cent. KConliectlcut 68Ueorgla 68

do 78, new I'onnfl

do 78, endorseddo "a, gold !)0nd8

Indiana 5bIllinois 6s coupon, 1R77

do do .879

do War loanKentucky 6sLootstana 6s

do do new lioiirtB.

do donewflo^tincdoDldo 78, Penllontlary....do 68, levee bondsdo 88, dodo 88, do 1875.

do 88 of i»:o.

Michigan 68, 1878-79

do 68,1888do 78.1890

Mlrtonrl 68. due in 1876

do do 1877

do d« 1878

do do 1879

do do 1880

Funding bonds due In :891-5.

Long bdB. due '81 to "91 tncl..

ABTlam or Unlvers.. due 1892

Han. & St. Joseph, due 1876,

do do do 1886

do do do 1S87

Hew York Bonnty l^oau,regcoup.

68, Canal Loon, 1377.

6s, do 1878,

68, gold reg 1887,

6s, do coup..l887<68, do loan.. 1883,

6b, do do ..1891.

5s, do do ..187f.

Bid.

1U6

9a;>«

lUllUl

IHK1"2>>

m%aai3H4i43

43k14

11 a1U4

116

101

lu;iGl

1003,

M'HM'/imaija

icuxid;x11'2

m%

Railroad Bond*.(Stock Kxchangt Prices.)

Albany & Busq., 1st bonds. .

.

do do 3d do ...

do do 3d do ...

Boston, nartf. ft Erie, Istmortdo do guar

—

Bnr.,C.Rapld8ftMlnn.l8t78,gChesapeake ft Ohio 68, Ist m..

.

do do ex coupChicago ft Alton sinking fund.

do do Istmortdo do luc«nic

JolU't ft Chicago, iBl mortLouisiana ft Mo.. lRlm.,guar.St. Loula,.)ack.ft Chic. 1st m.Chic, Bur. ft Q. 8 p. clstra...

do do cuusol. in. 78

Chicago, Rk. Island ft Pacific.do S.F. lnc.66,'95

Central of N. J., Ist m., new. .

.

do do iBt consol

—

do do con. convLehigh ft WIlkcB U. con. guar.Am. Dock ft Improve, bonds..Mil. ft St. Paul iBt m. 8s, P. D.

.

do do 2dm 7 310 do.do do 78. gold. It. D.do do *.8t js £ do...do do lslm.,LaC.P.do do iBtm.l.ftM.D.do do 1st m. I. ft D..

do do l8t m. H. * I),

do do iBtm.C. AM.do do iBt Consol. ...

do do '2d m. do .,.

108XlOlH19

1949il

115

lOSM1C2>^

lOixIDl*105

North Carolina 6s, old, J. ft J.A.&O..

N.C.KR....J.& J.

do ...A. ftO..do coup off.J. ft J..

do do off .A. ft O..

Funding act, 1S66...

New bonds. J. & J..

do A.ftO..Special ui, class 1.

do Class 2.

do Class 3.

dodododododododododododo

Ohio 6s, 1881

do 68.1866Rhode Island 68Bonth Carolina 68

do Jan.* Julydo April ft Octdo Funding act, 1866...

do LandC, 1889, J.& J.

do LandC, 1889,A.&o,do 78 ofl888,

do nonfundable bondsTennessee 6s, old

do do new bonds. ...

do do do new series

Texas, 10«, of 1876

Virginia 68, old. .........do do new bonds, 1866. ..

do do 1867...

do consol. bondsdo ex matu d coupdo consol. 2d series.,

do deferred bonds.. .

dododododo

17

55554242iOX9><

9

8>43VA

13«

113

do dodo dodo dodo dodo dodo do

107

Chic ft N. Western sink, fundInt. bonds,consol.bdsext'n bdsIstmort..cp.gld.bdsreg. do

Iowa Midland, Ist mort. 8s

Galena ft Chicago Extended..

.

Peninsula, Ist mort., convChic, ft Milwaukee, Ist mort..Winona ft St. PeterB, Ist mort.

do do 3d mort..C.,C.,C.&lnd's.l8tm.7s.S. F.

do Consol. m. bondsDel., Lack, ft Western, 2d m. .

do do 78, cony.Morris ft Essex, let mort

do do 2d mort.

102 >..

luy•.085,

iW99113

111

109X

101

86),96

loiii

nx89f8n\8895ll«

104

102)..

95103 •^

4*45\ 45<4iii ..:

HW 45104 lire3738

88

District of Columbia 3.608..

Railroad Stocks.

I Active previoufli/ quoted.)

Albany ft SusquehannaCentral PacincChicago ft Alton

do do prefChic, Bur. ft QufncyCleve., Col., Cfn. ft Indlanap..Cleveland ft Pittsburg, guar..

.

Dubuque ft Sioux CityErie prefHlinmbal ft St. Joseph, pref...

lUinoU Centrallodlannp. CIn. ft LafayetteJ OUet ft ChicagoLous IslandMarietta ft Cln., Ist pref

do 2d prefMorris ft EssexMissouri, KansaB ft Texas. .

.

New Jersey SouthernN Y., New Haven ft Hartford.Ohio ft MISBlsfilppI, prefPitts., Ft. W. ft Chic, guar. ..

.

do do special..KenBselaer ft SaratogaRome, Watertown ft Ogdens..St. Louts, Alton ft T. Haute. .

.

do do do prefBelleville ft So. Illinois, pref .

.

St. Louts, Iron Mount, ft South.Ten-e Uaute ft ludfanapolls...Toledo, Peoria & WarsawToledo, Wab. ft Western, pref.Warren

99*

95)5109102V10185

I0i%

110'J'J)4

04>i

93

8«X

loi)93SO

104i

92i

70

109M

7l)i

105101

101

•.21).;

65 ><

l-i'A

103!W

i>;

150X

103X87

2-2X

lOOX

lC4>i

•MX90

IHIacellaneoas Stocks

American District Telegraph..Canton Co., Baltimore '

Cent. N. J. Land Improv. Co..Delaware ft Hudson CanalA'Tnerican i;oai

Oon'^olldatlon Coal or Iwd.....Mariposa L.ftM. Co., ass't paid

do do pref "Cumberland Coal ft IronUar.yland CoalPennsylvania CoalSpring Mountain Coal

12255488

S

n>4

122),'

do do bonds, 1900,.

do do construction

.

do do 78 of 1871

do do Ist con. guarErie, 1st mort., extendeddo do endorseddo 2d mort., 78, 1879do 3d do 78,1883do 4th do 78,1880do 5th do 7s, 1888

do 7s, couB. mort. gold bds.Long Dock bondsBuff., N. Y. ft Erie, Ist m., 1877.

do do do large bds .

Han. ft Bt. Jo. land grantsdo do 88, couv. mort...Dubuque ft Bloux City, Ist m.

,

do do 2ddlv.Cedar Falls ft Minn., 1st inort.

Indlanap., Bl. ft W., Ist mort.

.

do do 2d mort...Mich. So. 7 D. c. 2d mortMich. S. ft N. Ind.. S. F., 7 p. cCleve. ft T«l. sinking fund...,d« do new bonds

Cleve., P'yille ft Ash., old bd8,do do new bds

Detroit, Monroe ft Tol. bonds.Buffalo & Erie, new bondsBuffalo ft State Line 7sKalamazoo ft W. Pigeon, Ist.

Lake Shore DIv. bondsdo Cons, coup., 1st...do Cons, reg., Ist

do Cons, coup., 2ddo Cons. reg., 2d

Marietta ft Cln., let mortMich. Cent., consol. 7s, 1902

do lBtln.8B, 1882,8. f.

do equlpm't bonds...New Jersey Southern, Istm.'is

do do coUBOl. 7sN.Y. Central 68,1883

do 68,1887do 68, real estate. , .

.

do 6s, subscription.do 78,1876do 78, conv., 1876....do ft Hudson, Ist m..coup.do do 1st m., reg...

Hudson R. 7s, 2d m .' . fd. 1885..

Harlem, iBt mort. 7j .^oupdo do reg

North Missouri, Ist mortOhio ft Miss., consol. Elnk. fddo do consolidateddo do 2d dodo do 1st Spring, div.Central Paclllc gold bonds.. .

.

do San Joaquin br'nchdo Cal. ft Oregon iBt..do State aid bondsdo L. (i. bonds .

Western Pacific bondsUnion Pact&c, 1st mort. bonds

do Laud grants, 7b.do Sinking fund..

.Vtlantic & Paclllc lan'lgr. m.South PaclOc lili. bds. of Mo.Paclllc li. of Mo., Istmort. ...

do do IstCaron'tB.do do 2d mort

Pitts., Ft. W. ft Chic, 1st mortdo do 2d mort.do do 3d mort

Cleve. ft Pitts, consol. 8. fund.do do 4th mort

Col., Chic, ft Ind. C. 1st mort.

.

do d(, i;d mort.

.

Rome, Watert'n ft Og. con. 1stSt. L. ft Iron Mountalu, Ist m.

do 2dDAlton&T.H., Ist mortdo do 2d mort. pref..d) do 2dmort.!Lcomt

Belleville ft 6. HI. R. 1st m. ssToL.Feorlaft Warsaw, K.D..

do do W. O.do do Bnr. Dlv.do do 2d mort..do do conaol.Ts

BIODRITIKS.

i8ri

coup. 76, 18Mreg. 7s, 1894

, 1st mort

Tol. ft Wabash, l8t m. extend.do do 1st m.St.L. dlvdo do 2d mortdo do equlpm't bds.do do con. convert..Hannibal ft Naples, Ist mort..

.

Great Western, 1st mort., 1888.

do 2d mort., 1893..

Quincy ft Toledo, 1 St mort. 1890IllinolB ft So. Iowa, 1st mort...Lafayette. Bl'n ft MlBS., let m.Han. ft Central Missouri, IstmPekin,Lincoln* Decatur, IstraBoston & N. Y. Air Line Ist m.Cln., Lafayette ft Chic. , 1st mDel. ft Hudson Canal, Ist m., *91

do dodo dodo dodo doLong Island RU.South Side, L. I., Ist m. bonds,

do sinking fund..Western Union Tel., 1900.coupJTIlxccllaneoiis Lilot

(Mrokeri' Quotations.)(IITIKS.

Albany, N.Y., 6sBuffalo Water and ParkChicago 68, long dates

do 78, seweragedo 7s, waterdo 7b, river improvementdo 78, various

CIeveland78Detroit Water Works 7s. ...

Elizabeth City, due '95

" •' '85

HartfordfisIndlananolls7'30sLong iBlani CityNewark City 7s

uo WatcrTsOswegoPoughkeepaie WaterRochester City Water bds., '93

Toledo 7-60SYonkers Water, due 1903

HAILKOADP.Atchison & P. Peak, 6b, gold..

.

Atlantic & Paclllc L.G. 6a, gld,Atchison ft Nebraska, 8 p. c. .

.

Bur. ft Mo. Rlv.,Land m. 78

—

Bid.

80I13>i

7398%

:i6>i108),

10210»109!

'.tj7

107

103'

1C4

i01)i103

ioi'

90),

90Xno83),

853i

106)410606 )i

l03>ilOJXlOOklOi

l0395

104X104 Js104

96)49e><

107

103V114

1G4106

98.05

lO.i

106

104

106

106H9899104

103

118110

1G8

103)t

S3Ji

100 S,

104

104103

102lOU)...

i2ii'119

.12

1I6X118>b

98X93J9

.68X96%94

38

102 >»

106%102%9!

msia

115

107%103

109X102)..

56)4189397J^701069073:

dodadododo

2dS.,do 78...

3dS.,do 8s...

4th S., do 88..5thS., do8B..6ihS.,do88.

98 Si

ir6

107-.00

105X105,.

106)4

107

99'

ICU

106)i

lOO"109 •

SBOrBITlSB.

Mo. R.,Ft. S. ft Gulf l8t m. 10s<io do 2d m. lOs.

N. Haven. Mlddlefn ft W.7b..N. J. Midland let 78, gold

do 2d7»New Jersey ft N. Y. 78, gold.N. Y. ft Osw. Mid. Ist 7b, gold,do do 2d 78, conv.North. Pac. Ist m. gold 7 3-lOs..

omal aft Southwestern KR.08Oswego ft Rome's, guar...Peoria, Pekln ft J. 1st mort.Peoria ft Hock 1.78, gold...Port Huron ft L. M. 7s, gld, endPullman Palace Car Co. stock.

do bds. 88, 4th seriesRockf 'd, R. I. ft St. L. 1st 78, eldRv,u..M-* *- 't«wego 7s. gold..Sioux City ft pacific Oo

Southern Minn, construe. 88.

.

do 7s..

St. Jo. ft C. Bl. Ist mort. 108.

.

do do 8i). c.

Sandusky, Mans, ft Newark 78.

St. Louis, Validalia ft T. II. 1st.

do do 2d, guar.St. L. * So'eastern Ist 78, gold.St. L. ft I. Mt. fArk. Br.) 78. g.Southern Central of N. Y. 7b...

Union & Logansport 78Uulon Paclllc, So. branch, 6s,

g

Walklll Valley Ist 78, goldWest Wisconsin 78, goldWisconsin Valley 88

108

108)4 1 no103106

107X103105

Bur.,C.R.ftM. (M.dlv.),g.78.Cairo ft Fulton, Ist 7s, gold ...

California Pac. RR. 7s, gold...do 68, 2dm., g

Canada Southern iBt rado with int. certifs.

Central Pacific 78, gold, conv..Central of Iowa Ist m. 7s, gold

do do 3d m. 7s, gold

20 2.1

25 M20 80lOSKW1(18

108108

109

22X 2665 70S,N 95

7U70

o'^:

IWK

79H

109

96K

105\103

108K

1093

56'

94

721C9

91749i9080

Keokuk & St. Paul 8bCarthape * Bur. 88 ,

Dixon, Peoria & Han. 88,

O. O. * Fox R. Valley 88Qnlncy & Warsaw 88

—

Illlnofs Grand Trunk

—

Chic, Dub. & Minn. 88...

Peoria & Hannibal R. 86.,

Chicago & Iowa H. Ss. .

.

A.merTcan Central 88. . .

.

Chic. & S'thwestern 78, guar..

.

Chesapeake & O. 2d nt. gold 78Col. & Hock. V. iBt 7a, 30 yearsdo do l8t 78, 10 yearBdo cio 2d 78, 20 yearsChicago, Clinton 4 Dub. 8i. .

.

Chic. & Can. South, lat m. g. "sCh.D.& v., I. dlv., l8t m. g. 7s.

Chic, Danv. & Vlucen'8 78, gldConnecticut Valley 78Connecticut Western Ist 7s. . .

.

Chicago & Mlcli. Lake Shore..Dan., Urb.,Iil. & P. l8tm.78,gDee Mollies & Ft. Dodge 1st 7s.

Detroit, Hin8da]e& In. RK.88.Detroit Altar City 88 guarDetroit, Eel River & 111. 88. .

.

Det., Lans. & Lake M. Ist in. 88do do 2d m.Ss

DutcheesA Columbia 78Denver Paclllc 78, goldDenver & Rio Grande 78, gold.EvansvllleA Crawford8V.,7B..Erie & Pittsburg Ist 78do do 2d 78do do 78, equip .....

Evanavllle, Hen. & Nashv. 78.

.

Evansvllle, T. H. & Chic. 78, g.Flint & Pere M. 78, Land grant,Fort W., Jackson &. Sag. 88Grand R. & Ind. let guar 78

—

do IstX. G.78...do iBt ex L. G. 7s

Grand River Valley Sb ,

HouB. & Texas C. ist 7s, gold,Indlanap. &Vlncen.l6t 78, guarIowa Falls & Sioux Cist 78...Indianapolis & St. Louis 78.

Houston & Gt. North, let 78, g.International (Texas) Ist g....Int., H. & G. N. conv. 88 ..

Jackson, Lansing & Sag. 6sICanBat. Pac. 78, extension, gold

do 7s, laud grant, glddo 78, do new glddo 68,gld, June&do 68, do Feb. & Augda 7s, 1876, land grantdo 78, Leaven, br'nchdo IncomeB, No. 11..

do do No. 16..

do StockKalamazoo & South H. 8s. guarKal., Alleghau. & G. R. 8b,guarKansas City & Cameron lOe. ,

.

Kan. C, St. Jo. & C. B. 88 of '85

do do do 88 of '98

Keokuk & DcB Moines ist 78...

do Ist coup, Oct. ,'76

do funded Int. 6sdo pref. stock...

L. Ont. Shore RR. ist m. gld 78.

Lake Sup. & Miss. Ist 78, gold.Leav.,Atch.& N. W.Ts, guar..Leav., Law. & Gal. Ist m., 108.

.

Logans., Craw. & S. W. Ss.gid.Michigan Air LIneSsMouticello & P. J ervlB 78, goldMontclalr Ist 78, goldMo., idin^nA & TexaB gold

.

Aijt

4030

4UUSDK19

*U2.«

too*s

573i

&i"

75

75

92M25

Soutlierii Securities,'^Brokerx' Quotatxons:.)

8TATKH.Louisiana new consol. 78South Carolina new consol. 68. 56

Texas State fis, 1877 93

do 66,1891-2 S'tS

do 7s, gold lOl

do 10b, of 1884 10»

do lOs, pension V-

OITIKS.Atlanta, Ga.,7s .. ^

do 88 83

Augusta, Ga., 78, bonds 8-1

Charleston slock 68 53

Charleston. S. C, 78, F. L. bds. 67

Colmnbla, S. C..6SColumbus, Ga., 78, bonds 75

Lyuchburges 80

ftfacon 7s, nonds 80

Memphis old bonds, 6b 40

do new bonds, 6s S5

do end.,M.&C. RR. ... S9

Mobile 58, (coups, onj 80

do 8s, (CO u ps. on) 30

Montgomery 88 10

Nashville 68, old 70

do 68, new ...

New Orleans 58 32

do consol. 68. 39

do bonds, 76 31

do gold 7b, quarterly Si

do 10s , SJ

do to railroads, 68.. ^Norfolk 66 70

PetersburgBs '5

Richmond 68 91

Savannah 78, old t>"

do 7s, new 85

Wilmington, N.C.,68,gold..do do 8b, gold..,

KATLROADS.Ala. & Chatt. lStin.8s., end...Ala.&Tenu. R. 1st mort. 78.,

do do 2d mort. 78....Atlantic & Gnlf . consol 70

do do end. Savan'U. 79

do do stock 1

do do do guar...Carolina Central Islm. 68, g...

Central Georgia consol. m. 78. is

do stock *3

CbarlotteCol.A A. l8tM.78... tO

do do stock 5

Charleston & Savannah 6s, end 20

Savannah & Char. Ist m.78

—

25

Cheraw & Darlington TsEastTenn.* Georgia 6s tO

East Tenn. & Va. 68, end. Tenu 70

E. Tenu. Va. & Ga. 1st m. 76.

.

do do stock ^5

Georgia RR. 7b 95

do stockGreenville & Col. 7s, guar 52

do do 7b, certlf.... 51

Macou & Brunswick end. 78. .

.

90

Macon & Augusta bondsdo do endorsed...do do stock

Memphis A Cbarleslou UtTs.. 't1

do do 2d7d... 50

do do -iiock . 5

Memphis & Little Rocl: Ist m,.Mississippi Ceutral 1st .11. 78. .

.

67

do 2d m. 8s.... £5

Mississippi & Tenn. Ist m. 76.

.

80

88> do do consol. 88. 60..* Montgomery & West P. 1st 8a. 90

95 do do Income82>^ Mont. & Eufaula 1 st 88, g. end. 20

65 Mobile & Ohio sterling 40

65 do do do ex certlf 40

do do 88. Ii»terest 25

93 do do 2d mort. 88.,...- 10

re do do stock82 N. Orleans & Jacks, ist ni

do do certlf'aSs,.Nashville & Chattanooga 6s...

Norfolk & Petersburg 1st m. Se

do do 7s

do do 2d m.Ss15 Northeastern, S. C, Ist m. 88.

14 do 2d m. 8s..

14 Orange & Alexandria, Ists, 6s.

100 do do 2ds, 68.

96 do do SdB, 88.

100 do do 4lhs, Ss.

50 Rlchm'd & Petersb'g Ist m. 78

Rich., Fre'ksb'g & Poto. 68. .

.

90 do do conv.Ts7JW Rich. & Danv. Ist consol. 6s..

95 Southwest RR. Ga , Ist m.80 S. Carolina RR. Ist in. 7s, new

do 68do 76

do stock25 West Alabama 8s, guar,5

IPASr PUK COUPONS.

ITenncssee State couponsVlrgmia coupons

do consol. Qotip

Memphis City coopofl? 40

103

IGO

108K

-.6

6688

577262

m89

EU40M40

403080

10S«43

3639

?6

36

75

SO9.1

H«i

80

15

52

42

%S3VI

3090

97-3

601040

96"

tl

759090lU)

8369F3

103

88•0

198tao12

66

1560906<

•S60gij

42433015

SfS

121693

February 19, 1876. THE CHRONiCLE IV 9

NEW YORK LOCAL SKCURITIES.

Bank Stock liUt.

^Marked tliiii () arcnotNatlonal. ParlAmount.

fl%.m«rlca*'American Uxckange.Bowery

*:iroaclWBy . -

v^uIl'B Head'Butclior»*Oro»er»..CentralChathamChemicalCitizens'CityCotntnerceCi)ntlrio:ital

Corn KxchanKe"CurrencyPry (tooiIh*Kaat lilverSleventli Ward*FifthFifth Avenue*FlratKonrthPultonOallatmOerinan American*..German KxchauKO*..Ge.'manla*Greenwich'Oranl Central'Grocers"rianoverHarlem'Importers' & Traders'.IrvintrbtaodCltyLeather Afanufaclrs..Loaners'*Uanufctrers'& Build.'Manhattan'Manul. & Merchants*MarineMarket.MechanicsMuch. UI(K Asso'tlon..Mechanics & Traders..MercantileMerchantsMerchants' EzWetrepolls'UetrapolltanMurray Hill*Nassau*SewTorkNew York County....•N Y.Nat.ExchaDKC.NY. Gold KxchauKONinth "..

North America*North Rlvei*Oriental*PaclBc*ParkPeoples*PhenUProduce'RepnbUcSt. NicholasSeventh WardSecondShoe and LeatherSixthState ofNew York...TenthThirdTradesmen'sUnionWest Side*

3,0OO.0F05MIO.0O03301XX1

l,OOu,00a»,oou800,000

U.IXW.OOO150,W«131X1.000

UiW.OOCl.tKXI.OOO

10,000.0001,500,00(1

i,aio 000lOO.OlM

1,000,000850,000a>0,000190,000iuu,too600,000

5 000,000"900,000

1 rKJO.iui

i'000,OOU'200,0110

200,0011

?UI,000100,l«(l

300,000

1 000,000100,000

1 500,000'500,000

lOtl.lXO

600,000500,1W4:,0,000

2,050,000300,000400,000

1,000,000

2,000,000500,00(1

600.0001,000,0003.tOO,0CO1,000,000

600,0004,000,000

2-'0,000

1,000,000

3,000,000200,000500,0fO500,IXXI

l,500,0f«

1,000.000400,000300,000422.TU0

2,000,000412,500

1,800.(HIO

2.50,000

2,000,0001,000,000300,000300,000

1.000,000200.000

a.ooo.ofo

1,000.0001,000,000

1,000,000^isotvoo200,000

Perloda. iaT4

J . & ,1

,

M.*N.J.AJ.

M. AS..1 . A J

.

J.& J..I.&.I.ev. 2 inoBJ. A,).Q-K.1.*,!..1.4 J.F.&A.,!.& .1.

.1.* .1.

.I.*.T,J. 4k J.y-J.

y-J..i:* J.M.&N.A.4 0.F.* A.M.&N.M.&N.M.&N.M.&N.j.&.r.,I.&.I.M.&S..J.& J..J.* J.

j','&'.J'

K.& A.

F.& A.I.&.J.J.& J..1.* J.J.&.l,M.&N.M.&^.M.&N.J.& J.J.& J..!.& J.J.* J.A.& ().

M.&N.,I.& J.J.&J..J.&.I.J.& ,1.

J.&J.J.&J.J.&J.J.&J.Q-F.J.&J.J.&J.J &J.

F.&A.F.&A.J.&J.J.&J.J.&J.J.&J.M.&N.J.* J.J.&J.J.&J.M.&N.J.&J.

7U

"ij'8

U'2-S83

710

20

"'io'

3S

1410

"ia"

3K910

......

in10

7X109

712

12121078«

3

12

12S8

I'1010s

7X10

8910114

7X

Jan. 3,

Nov.l..Ian. 3,

Jail . 3,Sept.!Jan. 3,Jan. i,

•Ian. 3.

Jan. 2'

Ian. 3,Feb. 1,'

.'an. 10.

Jan. 5.

Feb. 1,

Julyl,Jan. 10,

Jan. 3,Jan. :i,

Julyl.

•7«...5

^5...4'70. .61J..1S.'75..

5

'76... 516...

4

•1».. .5

'7«..2.'i

'76..

'T6...5

7«3>..'76...

S

76.. .5

'74...

4

,'(«.2s';8...47« ..8

78. 2>)

Julyl. 75Jan 3, *76.. .4

Nov. l,15.,-5ct 9, 75..4

Feb. 1, '71.. .8

Mnyl,'74...1Miiy, ; '75.. «

Ucc. I,n5..Sl.i

.Vanls.'ie.'.'.i

Jan. 3, '76.. 3

Mel.. 1, '75..

J

Jan 1,'7«..

Jan, 3, '76,..

5

.;a.i!'3.''76.!!6

Fe'.).12.'74.SJ4

Jan. 10, '76. .4

Feb. 10. '76..

5

July!,'7r>..3>i

Jan. 3, '76...

5

Jan. 8, '76...

4

Jan. 3, '76,..

5

Nov. ','75.,,

»

N3V.1,'75..5Niv. l,'!.!;..*

Jan. 3. •76..

4

Jan. 3,'76....4

Ian S,'78.3>iJan. 3, '76...

S

net ;,';5. .4

Nov. IO.'75..4

Jan 8, •76...5

July 1,'75...7

Jan. 3, "re.SHMav. '73...

5

Jan. 3, '76.. 3J«n. 3.'7fi3'?.'

Julyl,'74.8>iJaii.3. 7'i...6

Yvh. Ulli...!'

Jan. 3, '76.. .5

Jan. 3.'76...5

Jan S.'76.3XJulyl8,'?4.3sFeb. 8, '75. 4

Feb. 14 '76..

4

July 1,'V5...S

Jan. 3. '76...

7

Jan. 3,76...

6

Julvl,'75...4Nov. 10. '75.. 4

Jan.2'71.2><g.Jan. 3, '76-. 4

Jan. 3,'76...5'

INov. l,'75..5lIJa.l. l.'7'i..4l

Bid. Askd

300

80139

153

130

7U

104

1HJ4

3099

iill"

i26'

»ik

f6"103

115H

151

57«

93

'82"

1S2X

Ca« and CItr R.R. Stock* and Bonds.[(Quotations by Charles Otis, Broker, 47 Exchange Place.]

Gas C0UPAXXB8.

Brooklyn Oae Light CoCitizens' Gus Co (Bklyn

do certillcatcsHarlemJersey City & HobokeuManhattanMetropolitan

do certlUcatesdo b nJ8

Mutual.N. YNassau, Brooklyn

do scripNew YorkPeople's (Brooklyn)

do do bonds. . ..

Westchester CountyCertificatesBonds

WUIlamsburgdo scrip

Par Amount. Periods

2,000,000l.'2CO,0CO

330.0001,8.50,000

386,0004,000,0003,f 00,0001,000,000500,000

100 3 000,00025

A. &0.F.&A.J.&J.J.&J.M.&8.M.&SJ.&J.

Last Bid. AskOp; dividend.

Biet'cher .sc.^t yaUonFerri/stockist mortgage

Bro<i(twaj/ tt Seventh AvestocTi

.

iBt morlKagcBrooklyn ()iii^—stock..iBt mortgage

Broiidwau iBrooUi/rD—ttocHBrootli/n ,6 HuiUer'n Pt—stock...

1st mortgage bonds^.eiarai I'ic, N. A K. River—Block'stmortRHge

Ckri-topher ,t 'Unth Street—»%ockmei/Ifiland (t Brooit'n—let morl

Ori/ Duck, A". B. <t Battery—ilockIstmorttragp, cons'd

Mttgh th Aoen ?/e—stock1st mortga^jc

tldSI. (t flrand ,St ferri/—stock..lit mortgage .

Central CroHS 'Joion-- stock1st mortgage

illHth Avenue—stocK1st mortgage

,

Second Avenue—stoei .

1st mortgage2d mortgage3d mortgageCims. Convortl lilc

HtAlh Avenue- stock...Ist mortgage

, ..wnlrrt Ave.iiue—stock

',st mortgageI'^iinti/.thtra Street—stocK

Ist mortgage

1,000.0007i'0,0C0

4,000,(XX)

1,000,000025,000496,00053,00021,100

1,000,0001000,000

900,000694,000

2,100,0001,500,000

2,000,000300,000200,000400.000300,000

1,810,000

1,200.000650 000307,000

1,200,0009(Xl.l«0

1,000,000203,000718,000'2.'i«,000

5(K),000

ax),ooo797,320•-•07,000

1,199,500

850,OIX)

200,000150,000617,000750,000415,000

2,000.0002 000,000600,000250,000

M.&N.M.&N.J. It, J.F.&A.

J. & J.J.&J.J.&J.

Jan., *76

Jan ,*'.6

Oct., '75.

Aug., "75.

Jan., '76.

Jan.. '76.

Sept 20,'7S

Jan., '76

Jan., '76

Jan., '76,

Jan., 76

3 Jan.,7 I

.,

J.&J.J.&J.J.&U.Q-F.M.&N,J.&J.

J.&J,

F.&A.

J.'& j'.

«-F.J.&DJ.& J.J.* J.M.&N.A.&O.

J. & J.<a.-F..1. &I).F.&A.A.&O.M.&N.M.&N.J.&J.Q-F.J.&J.J A J.M.&N.

1880Jan., 76

1884Nov.,15

1873Jan., 76Oct., '75

Nov., '75

Jan.,

Nov,, '75

1873

Jan,, '76

1877187618951889

NOT..'751890

Nov., "75

1)190

Jau.,'76

110

100

IK101

lOO

701(10

100

215100140110

*Zhu coiuiiu. ihuws last dlvMead uo tieckt. Also date of a:a',artiy of ioiuH.

Inaaranee Stoek Llat.

fQaoUtlom br K. 8. Hailst. broker.« Wall atreet.)

AdrUtIcAlttMAmericanAraerlcaa Exch'e.AmliyArcticAtlanticBoweryBrewers' & M'lat'rsBroaiwayBrooklynCItlzeus*CityClintonColumbiaCommerce Fire...CommercialContinentalKagleKinplre CityEiTiporlumKxcnanguKarragntFiremen'sFiremen's Fund...Firemen's Trust..OebhardGerman-AmericanGermanlaGlobeGreenwichGuaranty -

GuardianHamiltonHanoverHotnnRllHomeHopeHowardImporters'* Trad.IrvingJeffersonKings Co. (B'klyn)KnickerbockerLafayette (B'klyn)Lamar.. ',

LenoxLongIsland(BkIy.)LorillardManuf* Builders'.ManhattanMech.&Trad'rs'....Mechanlcs'(Bklyn)MercantileMerchants'MetropolitanMontauk (B'klyn).Nassau (B'klyn)...NationalN. Y. Equitable....Now York Fire ...

N. Y. & ionkera..NiagaraNorth P.lverPacificParkPeter Cooper. ....People'sPhenlx (B'klvn) ,.

Produce ExchangeUellcfKepubllcKldgewoodHesoluteRutgers'SafeguardSt. NicholasStandardStarSterlingStuyvesantTradesmen'sUnited StatesW..stche«terWHllamshnrg City.

Capital.

Par Aniouut.

3(10.000

200,000«x>im300,0003UU.00UW'.OW200/100810,000300,000300.000159,000900,000310,000350,0008110,000

300,000'200,000

1,000,000

300,000'200,000

300,0)10

200,000200,000301,000150,000150,000'200,000

1,000,000500,000200,000300,000:w),ooi)

'J00,000

150,000500,000

200,0003,ltXI,000

150,000500,0002(H>,000

300,000300,010150,(XI0

380,000150,000300,000150,000200,000800,000300,0002.50,000

200,000150,000200,000200,000900,000200,0110

200,000200,000210,000300.000300,000600.0003.50.000

200,000200,000150,0001.50,000

1,000WI200,1 00300,000300,000200.0(10

200,000200,000200,0003(X),000

200,000200,000300,000300,000150,000250,000350,000'!50,000

NSTMU*PLUt,Ja>. 1.

UTS.'

lA.TM

IS,4W106,<8<390,175

. 7.7712«t',BTl

210,41:212.J783U».II*4

IH.WI49,78727,478123,6:9

3«g.«0l4,4,019119.558u.axt92.61594,133

103,1)54

SlJOt91,94019,931

522,ae»898,751116,6733-26,2-24

(3,007135,79«

t839,C9790,653

1885,28128,741143,1K2

77,712•.4,96)

1S«,2«1174,6-,28n,264

121,31783,44579.3«3169,4476;,'23ti

115,712187,759315,7531-2-2,4^9

5n,0(«

151.863.»6,7W>

121,476231,31496,618

3i 0.385196,01^1

20,529436,52412n.»li

3,5(1,139

165,216211,514132.708536,22!12. l«43,051

101 ,002

68,87790,441191,74990,597

t6 1,403

131,50678,«HO71,077

165.369133,966346,825tl62,560256,690

UlTIDIKDB.

1873 ITO U7I Um LMt Peltf.

Jan., *)•..»

Jaa'M.13H

Jan. ,'76. .5

JaD.,'n..4Jen., It.,

9

Jsn.,*76..9Dec.ai.lS;en.,*!t..9Feb.,'76.10,Ian,.*76.l0J an.,'76.. -.0

Kb., "76. 10

J»n,.T6.:0Jan.. "it. .5

Jan.."!"..

5

J.n.."lt.i6Jan. "76.5.60

0.;t.,TV15Jan.. "6 .7

J»n„^•..6Jaii.,'7« 10

.Un.,"i».7)<Jan., "16.."

Jan ,-7«. .5

JaJi.,^*..*K. b.,16..5J»n.,'7e..5Jan.,'7».ll'Jbii..'76..iO

let., "79. 10

Jan..Jan.,Jan.,Jan.,Jan.,Jan.,Jan.,'Jan.,Jan.,cpt..Jan..Jan.,Jan.,Jan.,Jan.,Jan.,Jan.,Jan.,Jan.,Jan.,Jan.,Jan.,Jan.,Jan..J*n.,,Ian.,

Jan.,Ian.,Aug..Jan..Jan.,'

O t.,

Jan .

Jan.,Jan.,.Jan.,Jeti.,.Ian..Jan.,Jan.,Jan.,Isn.,Feb.,Jan..'"eb..Jan..'Jan.,'Aug.,Jan.,Jan.,Jan ,

Feb.,Jan..

-It..

5

-71.10"76. b

"M..6'111..

5

•7«...«"!6..6

'•,t..5

,15..

B

'76. U"16..

b

"76. li-

lt..

5

"16. .6

-76.10

'H..5•76..

6

'76.'

"It. '40

16. 10•76

"76.10

'7S..5•76.19•76. 1^

'76..

8

•76.10"15.10•76..

5

"16. .»

75. .6

•76.1'J

"It.lC•7t.I076.10-7«.l?16

-

:6 56.

5

6.. 6•76 .5

'76.1576.7^"76. .5

76.6.6

'76.7H'75 .5

76.10'76.1!

"T6..I'

•76

76.10

DM. Aek4

'<«

175120

i»'lit

i»lis

11980106

147

ItsWM10latlis

»into\:ilis

1(0113

lii"

"ai"

181)

I3»MO

tS3

116

W156ISO30

ioo"175

118

iii'IS130

206

i76"110HO

110

20016170

?I0175

140mi100loa

180

iso'

' Over all liabilities. Including re-'.nsurance. capital and profit script Stock dividends of 25 per cent by the Hanover and Westchesttr, K) per cent

by the Home, and .TSX per cent by the St. Nicholas, have since been declared outof above net surplus.

CStr Securltie*.[Quotations by Daniel A. Mobak, Broker, 40 Wall Street.]

yeiv York:Water stock 1M1-6S.

do 1854-57,

Crolon waterstock..lEH.5-51,do do ..1852-60,

Croton Atiued'ct stock. 1865,

do pipes and mainsdo reservoir bonds

Central Park bonds. .1853-57.

do do ..1853-65,Dock bonds 1S70,

do l'-75.

Floating debt stock. . . . 1860,

Market stock 1865-6S,

Soldlors'ald fund 1863.

Improvement stock.... 1869do CO ....1869,

Consolidated bonds var.Street Imp. stock^ var.

do do var.Nt.w ConsolidatedWestchester County

Jerfiey VUy:Water loan 1852.67,

do long .,

do 1869-71Sewerage bondi 1866-69.Assessment bonds. ..1870-71.Improvement bondsBergen bonds lS68-«t.

Arooi:Ivn-[Qnotatlone by N.Local Improvement-City bonds

do « .,...Park bonds-Water loan bondsBrldfreboDdB-vi(ater loanCity bonds ..

Klnffa Co. bondsdo do

•All Brooklyn bonds Hat.

iNTKHHaT.

Kate. Months Payable.

Feb., May Aug.& Novdo dodo dodo dodo do

May & November.Feb.,fllay Aug.& Nov

do dodo do

May & November.

Feb. .May, Aug.& NovMay & Novc'nher.

do dodo dodo dodo dodo dodo do

Janoary & July.

January & July.do do

Jan., May, July & Nov.

January and July.

Buns. Jr., Broker. 3S

January & July,do dudo dodo dodo doao dodo do

Hay & November.40 do

Bondidue.

1877-80IKT-Tt1890

188»-901884-19111884-19001907-111877-981877-951901IHR1878

ie»(-»718761888

1879-9019011888

1879-8318961891

18T71898

1899-19021876-791876-91IMS

1S76-1900

Wall it.]

1876-801881-991915-2<190S1915

1«B-I90li1881-951880-88l37V«i

Pwiox

96lUI

96lias10!>i:oi

igx

100114lUcS101 >,

113•:oi

103 )t1(5

lit

IMSK4),1:8lot

96It104

100100101

ICl108

IIIH1111!1«:mII 2\105100

97WiVt10510S11410597105115105102113103103

114115105lOS114

107

1897106

10110"1(6loss

113

104X104

1(8H

IfeO THE CHRONICLE. [Fek-a.ry 19, 1876.

3 u u e s t in c u t sAND

STATE, C1T¥ AND CORPOBATlOiN FINANCES.

The " Investors' Suppiemenl" is published on the last Saturday

of each month, ani furnished to all regular subscribers of the

Chbonici.e. Na single copies of the Supplement are sold at the

otfice, as only a sufilcient number 13 printed to supply regular

Bubscribers.

ANNUAI. REPORTS.

American Coal Company.{For the year endiny December 31, 1875.)

KECEIPTS.RcceiTed Tor coal soH and delivered, earnings or canal boats,

rents and iulerest $763,150 01Coal on band, value (.2,76ii 83

tSSB.OlG 83EXPENSBrt.

Canal and railroad Irannportation — $485,560 80Mining, superintendence, labor, &c 171,190 74Shipping expenses, Alexandria, Baliimore and JerseyCity 44,395 84

Taxes .

.

7,101 46Salaries, office and contingent expenses 18,732 i>l

Scrip and bond iuterest to March I, 1876 ,. 9,918 SI— 73b.!)O0 66

Earnings of 1875 $89,016 30Surplus, Dec. 31, 1874.... $847,700 57Deduct dividend, March, 1876, of profits of 1874 45,000 00—205,700 57Addearnliiffsof 1875 89,016 10

$891,716 87Deduct allowance for depreciation on canal boats andother personal property $27,536 41— 27,533 41

Present snrplns $264,150 46GOAL SENT FROM UINES, 1875.

To Baltimore tons. 66.S.38

To Canal

fact, 1 have already arranged with the holders of about $56,000of this indebtedness, secured by lien on cars, to surrender it at 20per cent, discount, if paid during the coming year. I estimatethe net earningB for the year 1876 at about f340,000. This ia

based upon the fair crops of this year, our late restoration to ashare in through traffic, and the continuance of the running ofthe road as part of a through line to Nashville."

riSCAL TEAn ENDIKbEARNINGS AND OFEIIATINO BXFEN8ES FOR THEOCTOBER 31, 1875.

St. Louis KentuckyDivision. Division.

Gross earnings $616,986 41 $280,305 14Operating expenses 456,96101 279,6011;

Net earnings 160,024 37 703 97

TennesseeDivision.$81,787 21

131,342 39Loss.9,555 18

OOXPARATIVE STATEMENT OP MONTHLY £ARNI.\6S FOR TUE ENTIRE LIME V%THE FISCAL YEARS ENDING OCTOBER 31, 1K75 AND 18'i4.

Mail, Ex-

Mnntlis. Pa.''seng'r,

November $24,9)0December 28,338January 26,302Pebrnary. 22,329March 27,948April 28.0f3May 27,438June 21,677Jnly 30,443August 28,015September 29,882October 32,636

press andFreight. Mi seel' s.

$78,179 $4,498Ofi.lMl 6.128.M,929 4,30153,624 4,13357,-i77 4,6:351,094 4,838411,932 5,8623li,060 5.8 43i,053 4.649

41,068 4,62951,703 4,08567,.o76 4,648

$6.32,351 $56,1P1

1674-1875.Total.$102,f'«8

102.9118I..'536

80.08789,9808.\9357S,!246-,0!S67,14578,61888,676104,855

To line of railroad

.

BALANCK SHEET. DEC. 81, 1875.

122,774520

180,232

AmeU. $Lands and realcft'eat mines. 1,542,365Real estate at Jersey City 100,710Mine improvements 20,000Cash 46,916Wharf imp'vem t at Jersey C. 2,100Personal property at mines. .

.

87,867Personal property at wharves. 4,014Bills receivable. 18,506Accounts receivable 108,056CAual bouts and barges 51,090Advances on wharf property. 6,000Office furniture 8.57

Value of coal on hand 62, 166

Liamuies.Ca ital stock i

Unpaid dividendsDividiiud scrip...First mortgage bondsMortgage on wharf property,Jersey City

Interest on scrip and bondstoMnrch 1, 1876

Accounts T'ayableInsurance fundSurplus

$,500,000

2,33944," 81114.500

50,000

7.07618,2103,613

. 264,130

1,P99,652

1,999,652

St. Lonis & Sontheastern Railway, St. Louis Division.

{For the year ending October HI, 1375.;

Mr. J. F. Alexander, Receiver of the St. Louis Division, hagmade a report to the m' rtgajie trustees, from which we condensethe following. He says :

" The annexed statements, furnished bythe Auditor, include the other two divisions and the totals lor

the whole consolidated road, for the purpose of comparison withformer years, as well as each division with the others ; but inspeaking of the road in this report, the St. Louis division only is

alluded to, except where other parts, or the whole road, are spec-ially mentioned. By refereuie to these statements it will beseen that the total earnings for the year were ?616,y8o 41, andthai the operating expenses amounted to $45(),961 04, leaving$160,024 37 as net earnings. This shows quite a decrease in

earnings as compared with previous years ; but this year was oneof remarkably light traffic among Western railroads generally,and particularly so for the Southeastern. J5y a combination ofthe competing lines, this road was prohibited from doing snythrough bu.sintes, except at ruinous rates, during the whole ofthis year up to the latter part of Sevitember. The combinationwas between the Louisville & Xashville Railway and the Nashville & Chattanooga Railwiiy, each road being interested in linesboth north and south of Nashville. These difficulties have beenmet and parlisDy overcome by the most rigid economy in everydepartment. While the gross earnings show a material fallingoff, it wil! also be 8' en that the operating expenses were verymuch reduced—being about f40,000 less than for the year before.The expenditures for improvements at East St. Louis and someother necessary improvements during the year amounted to$45,733 55. Similar expenditures will not be rtquired again foryeara to come."The order of Court appointlLg me Receiver authorized me to

pay, out of net earnings, certain claims against the company forliens on real estate, engines and cars, labor, mAterials, supplies, cer-tificates of indebtedness issued for labor, balances due other rail-

roads, and overdrafts at bank—in all amounting to $389,839 54, asscheduled by the Auditor. During the year ^103,513 84 has beenpaid on these claims. The balance unpaid could probably all besettled within the next year, if the whols of the net earningscould be used for that purpose; but in view of the fact that thefirst mortgage bondholders, not having received anything ontheir past due interest, will probably insist on having a portionof the net earnings, after January 1, 1876, set apart for theirbenefit, leaving the remainder for taxes, necessary improvementsand the liquidation of these claims, it will take a much longertime to pay them off". It is thought, however, that most of themcan be compromiBed and setthd at a coneiderable discount. In

Totals $330,545 $6.32,351 $56,1P1 $1,019,077

X

{For the year endiny Sept. 30, 1875).

At the close of the fiscal year, bept. 80, 1878, the debt of thscompany was as follows :

Balance of loan to State of Virginia $ 508,488 00.Other mortgage debt 3.015,400 00

Total mortgage debt ($23,820 per mile) $3,553.886 00Floating debt am cnrront balanre^'. less assets on hand 288,269 98

Total debt ($25,752 per mile) $3,842,155 98

During the year an arrangement was made with the Pennsyl-vania Raflroad Company by which the Richmond & DanvilleCompany is relieved from all collateral liabilities incurred on ac-

count of the Atlanta & Richmond Air Line road. The only out-

side liabilities of the company are as guarantor of $15,000 Roagoke Valley and $13,000 Northwestern North Carolina bonds,

the bonds issued under the mortgage of Sept. 1, 1873, have bedrecalled and the deed cancelled. Of the bonds issued under tfl

general mortgage of Oct. 5, 1875, the board has disposed

$1,093,000 at 80, the floating debt having been largely reduofrom the proceeds.

Of the bonds issued in 1867, under the mortgage of that dalj

the sum ot $333,800 matured during the present year. 01 the

$300,900 have been presented for payment, and such of themhave not been paid by the company have been satisfactorily pro-"

vided for by agreement with the holders, who are content to.

retain them, receiving prompt payment of the semi anauinterest. A portion of the annuity to the State of Virginia :

the year has been paid since the close of the present fiscal yelj

The whole i f the interi-st on all other outstanding obligations!

the company has been promptly paid at maturity from the or'

nary revenues of the company.The earnings were as follows :

1874-75. 1S7S-7i.'

Passengers $2.50,012 88 $2,59,243 85Freight and other sources 673,045 47 666, -5,50 05

pro- r

It to..

[>r^H

$925,798 90697,682

""

iTotal $923.057 85

Working expenses 599,610 22

Net earnings $323,447 68 $328,110;

Notwithstanding the increase of tonnage, there has beendecrease in revenue, caused mainly by low rales caused by thecompetition of the Washington City Virginia Midland & GreatSouthern at Danville. A loss in business from the same caasehas been more than made up by the growth of local business andthe through traffic from beyond Charlotte. The operations of the

leased North Carolina road were .as follows:

Earnings ($2,661 per mile) $593,429 68B.tpenses (69.22 per cent) •• 409,756 68

Net earnings (4821 per mile) tl83,k73 00

This shows a decrease of $.'55,584 71, or 33.8 per cent, in net

earnings from the previous year. During the year the ;j;aiige of

this line was changed to five feet, much to the convenience of this

company in working. The coat of the change was $53,76tf 44.

Mississippi & Tennessee Railroad.

(For the year ending September 30, 1875.)

The report says: The great decrease in our gross earnings wagcaused by the unusual short cotton crop of last season. Thedecrease in receipts of local cotton to Memphis Is 10,858 baSes,

and decrease from local points to New Orleans 1,353 bales, show-ing a falling off in the cotton crop on line of road of 13,169 bales;

while there is an increase from our connection, in receipts at

Memphis of 839 bales, showing a total decrease of 11,378 bales in

receipts at Memphis.The shipments from Memphis to New Orleans show an in-

crease of 8,931 bales over the past year, but this cotton wascarried at a very reduced rate ot freight, in order to thoroughlyestablish our line and to meet the strong competition of the

river.

The company sustained little or no loss by accident, and wenow find ourselves with oar roadway and equipment all in goodorder.

reanaiy Is^, li76.] THE CHUONICLE. 181

Th8 «roB8 carnioK" f»ra »l^l «ouroo«_\c_f^^^^ : *S?'?,'2 I* tUe ocean. They will proceed with the foraeloaare o£ the flr»t

cnnBoUdatud mong^ge la the usual manner. Before doia^ ihii,

liowuver, they amie that tUey are dvairoua of offeriog every

(ipcratlni; exponscs (IcM matetla' on hand) 2lt.S78

Nut earning: $211,33!J 71

(Oper-tiuij cx(iuuse<, 53 li> per cisDl.)

Operation!! of tiiis road durinjr the fiscal year wers as Jollows ;

Earnings." "- "

Passonpcr ^li'.iWS 4S

Kr«lght.Kxuru'«8...MallI'rlvilegM

Total rucclpla . ... 8455,910

Operating Rrjxmei.Conducting t'aueporuitton 863,975 MMotive powiT 7.'i.7'l8 6SM;iiuleiiaiic» of cnrt» d3,H47 iiM lintename of way. '... 71.8BH B^DoScit in Invonto y 10.4^20

Total uxpcnuos. »J44,57a tS

This shona a decreaSK in gross earnings of $44,831 5), a de-

crease of $13,303 17 ia net earnings, and a decrease of 4>31,518 SOin expenses of previous year.

W« have now on hand 13 locomotives, 1> of which are in goodorder, 3 in ruaniug orJer, 1 in (shop f.>r Ijoilur and general repairs.

From the earnings of the road we have kept it in ^ood repair,

and made such additions aul improveiuauts as our reducedincome would permit ; havo paid promptly all interest oo ourfunded and Soatiug dubt, besidt^a having reduced our Uiatin^debt $37,030 39.

G-EtTERAL INVESTMENT N£1\V3.

Atlantic & Wroat Western.—The London JVeim of the 23d\iU. says: " At a meeting today of ihe firat mortgage bondholdersof the Atlantic & Great Wostorn UK. Co., tho following reeolu-lions were pacsed : 1st. 'That this meeting coa6rms the appoint-ment of the existing Firat Mortgage Bondholders' Committee,and approves the measures they have taken on behalf of thebondholders, and requests them to continue their services untilthe reorganization scheme is carried through.' The following is

a list of the names of the Committee : J. C. Conybeare, chairman;

George T. Rait, T. B. Forwood, J. Lockington Bates, T. Sheliuer-dine, John Caw, Jr., T. P. Qaskell, .lames Wilson, M. J.

O'Shaughnessy— with powtr to add to their number. 2d. 'Thatthe necessary expenses incurred by the First Mortgage Bond-holders' Committee iire a legitimate claim on the reorganizationtrust funds, and subject to the approval of the trustees, be dis-charged.' 3d. ' That this meeting approve of the revised official

scheme of arrangement, and request the committee to co-operatewith the reorganization trustees in an application to the StockExchange for a quotation of the certificates to be issued by thetrustees in exchange for the bonds deposited with them.'"A meeliiig was also held of all classes of bondholders of the

above coiupauy, when the reorganization scheme was approved,and it was requested that the trustees should continue theircerv'ces."

California Pacific Exteiislon.—The Amsterdam committeeof bondholders asks for deposits of bonds to carry out anagreement with the Central Pacific, by which the latter agreesto give $2,000,000 fl per cent, bonds with its own guarantee forthe $3,600,000 Extension bonds.

Chicago & Lake Huron.—The Bellevue Gazette says that C.F. Miller, ot Battle Creek, and Mr. Reed, of Cassopolis, have justtaken a contract to grade that portion of the gap between Lan-sing and Vernon, the junction of the Detroit & Milwaukee Rail-road, a distance of thirty miles. They will commence operationsahout April 1st, and expect to complete their work about May15th, and the rails will be laid some time in July. The Chicago& Lake Huron Company will complete the ten miles northeast ofVernon, and expend about $.50,000 in new ties, rails and grading,in improving the two divisions for through traffic from Chicagoeast.

District of Columbia.—The Senate Conference Committee, onthe disagreement of the two Ilouses on the bill to pay the interest'111 the S.Uo District of Columbia bonds, made a report on the 15th.I'lie bill as perfected is as follows:That the Commissioners of the District of Columbia aro hereby directed to

transfer to the Treasurer of tho United States, for the payment of the interestdue the 1st of February, ISTIi, on the bonds of said District, issued under theprovi-inuof the act ot Congress, approved June 20, 18T4, entitled "An act forMc u'ljvcrnment of the District of Colnmbia and for other purposes," the sumMil -.wsiry 10 pay the same from any unexpended appropriatlona heretofore,. yy Congress, or from any reserves derived by taxation on the prsperty

or suHl District of Columbia, subject to the reqnisition ot said Commissioners,oxcludiuK funds raised for the support of public schools, provided that anyrurilier issue of 3.6S bonds, under or by vlrt»e of said act of ConK>-oss, approved

i K i^^''' hereby prohibited; and provided that said Commissioners

^re lierby directed to discontinue all work and labor on streets, avenues,^>riilgi?s. sewers, canals, and structures of every kind, the payment for which'j^to he made in 3.65 houds of the District of Columbia ; and provided, fnrthsr,mat so much of the Sixth section of said act of .June 20, 1874. as admits andrequires the First and Second Comptrollers of the Treasury of the UnitedBtaes to audit and adjust the noating and unfunded debt of the District of

1 . .'1!.• """' '"^'"^ certidcates therefor, be, and the same is hereby repealed

;

nut this proviso shall not prohibit the audit and issne of certiflcatea for claimslor work and labor already performed, and materials fnrnlshed ; not, how-i,y .V

^"<'<"'' '" 'he aggregate of certificates the sum of $15,000,000, irclnd-

Colu h"""

'"'^'^ already been converted Into 3.65 bonds of the District of

i„?'i'7'P'i^' fiat there shall be no Increase in the present amount of the

h 11'"'^"''^dncss 9t the District of Columbia ; and any officer or person who

h 11 P'i"'=""ly increase, or aid or abet in increasing snch total indebtedness,snai bede-med guilty of a high misdemeanor, and on convlotlun thereofna I tic punished by imprisonment not exceeding ten vcars and byline notexceeding $IO,COO.

"

Erie Uailway.—Messrs. Rubert Fleming and O. G. Miller, the( oaimitteeanpoiiited to represent the London bond and etockhold-ers of ttie Erie Railway Company, arrived in this city last week.The I'ribune reports Messrs. Miller and Fleming as saying thatthe object of their mission has been told in the report of themeeting of shareholder?, heretofore publish* d. They aro to

'^VJ*"*''''* ''""^'1* of reorganization proposed on the part of

Sir Edward W ,in, with such alterations and modifications asiliey may find necessary to complete the plan snccessfully, andwithout the delays and complications of correspondence across

facility to the shareholdera of the Company to pay the proposedassessment of the shares, and thus to enter Into the orgaDizatlonooa 1 asis which will not only reatore them to a proprietary iataresi

in the road, but will also increase the value of their bares,as their payments will decrease the value of interest, and will

bring tha Company nearer to a dividend paying condition. If

the shareholders do not contribute to the reorganization of the(Company, the road must be closed out In Ihe usual manner, andthey will lose all title to the property, as the mortgage bondhold-ers cinnot be expected to sacrifice their own interests for psoplewho will not make some effort to protect themselves.—The London Jluur has the following :

" We understand thatthe assents given by the bondholders and sbrLreholders to Sir

I'Mward Watkin's scheme for the reorganization of this companyare as follows

:

Ist conaolidated mortga^^e bonda.Morgan's sterling bondsC'lnvertlblc gold bonda3d consolidated mortgage bi»UU..I'refereoca share*.

Anenta.t«,»o,ooo out «f $ii,ane,(iM

tiSSM •• 4.8(8,000

I,MO,000 10.000,000

«,«I8,900 14,4O0,arO

4i0,00O ' SAW.SIOOrdinary shares 3,099,100

"78,000,000

Total I10,6o9,100 $1»7,6»S,»10

—The result, therefore, is that only aboat one-twelfth of theseveral classes of securities have sent in their assents, and conse-quently Messrs. Miller and Fleming, representing the Dundeebondholders, have left for New York to endeavor to arrangesome other scheme."

LouisTille Cincinnati and Lexington. — Receiver Qeo.MacLeod has filed his monthly report of the cash receipts, dis-

bursements, etc. In compliance with an order of the court, healso submitted an inventory of the property transferred to himby the late receiver, the value of which amounts to $813,078 90.

The monthly report js as follows :

HXCEIPTS FOR JANDABT.Jan. 1 to cash on band from last montb $S40,.)S7 T9

Jan. 31 to cash received during month 11<,98> 47

TotalDISBURSEXXNTS FOR JAHCABT.

.Ian. 81 by caab paid out dnring the month.By cash on hand .

.

$4«l,.')00 16

$106,386 98a5i,9M S8

Total $459,800 86

The following ia a statement of the earnings and expensesproper for December, 1875 :

Gross earnings $98,907 58Operating expenses . . . 65,814 33

Net earningsOther necessary expenses and liabilities

$S8,&98 ib8,940 50

Net proceeds $39,65! 15

—The earnings, expenses and net profits of the several prop-

erties operated by the late Colonel Gill, receiver, from Sept. 21,

1874, to Dec. 3, 1875, inclusive, were as follows

:

Earnings of all line; $1,396,886 11

Operating expenses, ordinary $916,958 01

Cost ef ties and rails put In track 138,537 37—1,084.490 38

Net transportation earnings $34-1,846 03State tax, rentals and guaranteea '.8,33185

Net profits sf road $349,814 18

The earnings, expenses and net profits for the year endingDec. 31, 1875, were :

Gross earnings $1,183,961 97Operating expenses, ordinary $716,33i 33Cost of lies and rails put in track 104,373 87— 830,594 69

Net Iranspirtation earnings til3,V>7 iS

State tax, rentals and guarantees 76,993 33

Ket profits of road $836,364 00

Mobile City Bonds.—Bonds to be funded may be sent to theCommissioners at Mobile, or to W. H. Hays, Esq., No. 6 Broadstreet. New York, who will receive the bonds for settlement.

Nashville Chattanooga & St. Louis.—The receipts andexpenses for January, 1876, as compared with the same month of

last year, and for the seven months ending with January, wereaafollows

:

r-3even months endiog—

>

/—Month of January.^ Jan . 31.

1875 187B. 1875. 1876.

Receipts $149,180 $17.3,3S5 $1,073,967 $1,018,347Expenses 11.5,954 100.085 786,806 59?.637

Neteaminga $33,336 $73,399 .356,160 458,730Interest accruing onbondeddebt 36,.')10 385,570

SorpluB $36,789 $197,160

This shows an increase in net earnings in January of $40,033,and for the seven months of $116,559.

New Orleans.—The recent message of Gov. Kellogg makesthe following review of the city's financial condition :

The financial condition of the city of New Orleans is such as to

render some legislative action imperatively necessary. Thepresent city administrators, as far as I am able to judge, appearto have labored to the best of their ability to establish economy in

the different departments of the government, but notwithstand-

ing they have very largely reduced expenditures, the financial

embarrassments of the city have increased. » • The ques-

tion now is, how to surmount present embarrf ssmenta and nowto carry on city government in the future in the most economicaland efficient manner.The total bonded and fioating debt of the oily of New Orleans

OB June 30, 1875, was $38,388,900 80. The taxable value of real

and personal property ia the city is $134,582,002.

182 THE CHRONICLE. [Febraary 19, 1876. 1The delinquent taxes now due the citv for the last sir years

are $3,353,175 66.

The estimated revenues of the city from all sources, including

a direct tax of one and a half per cent, for the current year, are

12,319,183.The adopted estimates of expenditures for the year equal the

amount of receipts, and leave unprovided for :

Past due interest coiipor.H on city bonds, including December, 1875. $1,295,057

Current interest on ciiy bond**, about $1,450,000

Less amount apprupriutcd under head of '* C ty debt, in-

terest and redemption," presuniil ly in connection withtlie premium boud plaa 807,500

Hot deficit of current interc't $1.14i.50»

r>oficiency on apportionment of Metropolitan police 149,000

Ueflciency on estimated cost of public schools 107,SiO

Total di flclency for 18?6 to be provided for $I,.398,770

Making a total exisllug dettciency for 1875 and 1876 of 8,693,777

Such an exiiibit carries with it its own moral. The city is in

solvent, and in my judgment the only course open is to address

itself, without unnecessary delay, to some adjustment of its obli-

gations to its creditors, and to provide for a more economicaladministration of the government in future. * -» *

For the adjustment of the debt of the city, I recommend theappointment of a board of five persons, who should be clothed, bylegislative enactment, with full power to negotiate with the

creditors of the city, to any equitable plan of compromise, either

by the premium bond pl^n or any other mode that may be deter-

mined upon, after a full conference with the representatives of

the bondholder.i, which agreement, when ratiKed by the City

Council, should be binding upon the city.

New Orleans Mobile & Texas—Louisiana Division.—Mr.F. M. Ames, Tru.stee, gives notice that bondholders who haveBubfcribed or de^i^e to subscribe to the plan to purchase andorganize iv company, as proposed in his circular of Oct. 32, 1875,

are requested to meet, for the purpose of completing an organiza-

tion, at the office of Messrs. Morton, Bliss & Co., New York City,

on Saturday, >Vb. 19, 1876.

New York State Bonds.—The Albany correspondent of theIribune »»ys: The exchange effected by Controller Robinson of

13,000,000 in securities of the Bounty Debt Sinking Fund for

$2,380,000 in bounty stock, announced last week, was only the

first of a series of transactions whereby the Controller expects to

dispose of all the securities of the Bounty Debt Sinking Fund at

the present high rates. These securities are in the followingclasses, omitting the two millions that have been already ncgo.tialed :

State stock, 6 per cent., redeemable January 1, 1833 $256,300 fOState stock, 6 per cent,, redeemable July 1, 1891 1,686,900 00State stock, 6 per cent., redeemable July 1, 1878 35,000 00Astor Slate tti>ck. 5 pi r cent., redeemable at pleasure 516,744 09V. S. 6 per cent, resistered stock 2.301,5 00U. S. 5 per cent. re;;i8tered stock 2,030,000 90Westchester County bonds, 7 per cent., redeemable from M«y 1,

1876, to May 1, 1883 89,000 00

Total $6,885,444 09

The Controller requires that none of these shall be disposed of

at a lower premium than was received in the former transaction,

19 per cent., and will pay for the bounty debt received in

exchange at the r.ite of 4 per cent, premium until the 1st ofApril, and after that date at a premium of 3 per cent, only, inas-

much as the stock will then have only one year to run at 7 percent., and the deduction of 3 per cent, premium will leave only 4per cent, interest on the investment, as low a rate as the Statecan afford to receive. In case the negotiation is as as successful,

as in the present state of the market it seems very likely to be,

the premiums will probably reach the total of $1,300,000, whichwill then reduce the debt, according to the figures of the last re-

port of the ilontroller, to $700,000.It ought to bo said here, however, that the Governor in his

message and the present Controller differ from Controller Hop-kins on this point, holding that a certain share of the resourceshe includes in his statement is not actually available for the pur-pose of reducing the debt, and believing thit a tax of one half ofa mill will be necessary to extinguish the debt, instead of one-third, as Mr. Hopkins stated.

PaciHc of Missouri.—A report in regard to this road, publishedin New York papers, says: "A number of capitalists, includingC. K. Garrison and A. M. Billings, of the People's (ias LightCompany, have succeeded in obtaining a controlling interest in

the first and second mortgage bonds of the Pacific Railroad Com-pany of Missouri, and are also owners of the third mortgagebonds of the sams company, and have begun proceedings to fore-clofe the mortgages."

PIttsburgli & Nortliwestern.—The Pittsburgh Ghronieksays : Tbe bonds and stock of this corporation are now beingplaced on the market. The bonds bear 7 per cent, and havethirty years to run. They are for $1,000 each and are based on afirst mortgage on the Hue of the road for $1 800,000.

Portland & Ogdensbur^.—The Portland & OgdensburgRailway Company have informed the City of Portland of theirinability to pay tiie interest on the $1,350,000 of bonds, issued bythe city in aid of the read, which will be due on March 1. Theroad has not yet failed to pay its coupons, but in consequence of

the necessity for making a connection with the Vermont Division,has pledged its earnings to a large amount, and asked the city to

take ctre of the coupons upon their own city scrip issued in aidof the railroad. All the coupons on bonds sold by the companywill be paid.

Pouglilieepsie & Eastern.—Mr. Chas. Wheaton, trustee, givesnotice that he will distribute among the holders of the FirstMortgage Bonds of the Poughkeepsie & Eastern Railroad Co,

the funds in his hands, arising from the foreclosure of themortgage, whereby said bonds were secured, upon presentation

to him of the bonds held and owned by them respectively, at his

office, 34 Market street, Poughkeepsie, N. Y.

Rockford Rock Inland & St. Louis.-Mr. Henry W. Bishop,Master in Chancery, has filed his report of the distribution of theproceeds of the Rockford Road, in accordance with the terms of

the decree entered a few days ago. The clerk of the Court also

acknowledged having received from Mr. Bishop the sum of $553,-

431 S3 in cash ; also, coupons of tlie first series of bonds to the

amount of $20,535, coupons of the second series of bonds to the

amount of $34,235, bonds and past due coupons beloogine to the

first series to the amount of $3,739,120, and bonds and past duecoupons of the second series to the amount of .$3,558,933 50. Thereport was ordered to be approved.

Soutii Carolina State Bonds.—It is reported from Charleston

that owing to unforeseen delays in the collection oftaves—the

result of tardiness of the Legislature in passing the Tax bill—the I

payment of interest on State bonds and stocks is postponed until!

April 1, with a probability that the payment will be made io the r

middle of March. The tax for interest has been duly levied, butJ

taxes will come in slowly until the end of this month, when th«

time of collection expires.

Telegraph Rates Reduced.—The war between the telegraphl

companies has broken out again, and the Atlantic and Pacifiol

Company reduced its rates from 10 to 20 per cent. The following!

are ilie new and old rates between New York and the pointsj

named

:

New. Old.Philadelphia $0 25 $0 30Buffalo 40 50St. Louis 1 10 t toRochester 40 50OllClty 60 75

The Western Union Company followed with a similar reduc-

tion.

Toledo Wabash & Western.—The chairman of the stock

holders protective committee, Mr. O. D. Ashley, publishes a notice

to bondholders, in which he states :

The " Foreclosure Committee" havinp: announced their plans, in the eventof succeeding the st' ckholders In the ownership of this property, we consider it

due to you to state that Ihc stockholders intend to oppose, in every leRal wayIn their power, the consummation of this great wrong. The protective com-mittee have secured the services of able csunsel, and have been assured that

the grounds of deiense are tenable. A sale of the property under the fore-

c'osure decree will involve a loss of the rights, franchises and privileges con-

veyed ti» the pre»»ent ct)mpanv by the con^olidation of 1865.

Of the $5,1 00,000 gold bonds. $51)3.000 were praciically given away to relieve

the company of a burdensome lease—not a dollar in money having beenreceived therefor, and $2,4!)7,{XW were pledged, and are still outstanding as

collateral s.-curity for lotus amounting to $;)02,000. The company thus received

in cash but $2,602,000 for $5,000,000, i r about 52 per cent of the par value

there )f. The disposition of some of those bonds is therefore of questionable

legality. » » *

The stockholders have endeavored to obtain an equitable comuromise, andhave oflercd to attempt to raise more than $1,500,000 toward payment of thtj

floating debt and interest arrears, bnt the Foreclosure Committee have decline^

the proposition, and now nsk your approval of a measure which contemplator

the absolute extinction of $lli,000,(iOO stock, $600,000 equipment bonds, "lease obligations and contracts equivalent to interest on $4,;OD,000.

Under these circumstances the stockholders ask you toco-operate with tbe^in resisting a decree of sale.

Union Pacific.—The following are the earnings and expense

of the Union Pacific Railroad Company for the years ending DacemberSl, 1875 and 1874:

EARNINGS.From— 1875. 1874. Increa»(j

Passengers $4,516,014 34 $3,952,8-^8 55 $303,155!

Freight 6,611,512 27 5,664,73133 D76,780 I

Mails and express 769,317 2:i 727,06177 42,2M ,

Miscellaneous 236,988 25 215,228 47 «'.,759

1

New.Albany $0 30Boston 25Chicago 80Cincinnati 80Cleveland 60

Old.$0 40

301 001 0075

$1,433,951 97

329,733 00Total $1!,993.8:32 09 $10.5-59,880 12

Operating expenses 4.932,047 96 4,652,384 95

?urpl'.l8 $7,011,781 14 $5,907,.565 17 $1,104,218 97

The percentage of operating expenses in 1875 "as 41 54-100

per cent., against 44 .5-100 in 1874, a decrease in 1875 of 2 51 100

per cent.

Wiliniugtoii & Reading The holders of about $900,000 of

the $1,300,000 first mortgage bonds have agreed to join in the

plan for the purchase and reorganization of this road, i\nd have

deposited their bonds with the Fidelity Trust and Safe Deposit

Company, of Philadelphia. It is thought that others will come

in. The foreclosure of the first mortgage is to be pushed as

quickly as possible.

Wisconsin Railroad Law.—The following are the importan '

features of the bill now before the Wisconsin Legislature

repealing the Potter law:"Sec. 11. The Chicago Milwaukee & St, Paul Hallway Company shall flic with

the Railr«ad Commissioner, before.the day when this act shall take eflect, the

regular publifhed schedule of their tariff rates lor the I transportation of

per-ons and property which was in force on their railroad on the 15th June,

1872, and that company and the Chicago & Northwestern Railway Comi>anyshall not demand, collect or receive a greater compt-nsation for the transpor-

tation of persons and property than is fixed in such schedule for corresponding

distmces. This provision shall apply 'o such lines of railroads as have been

built and put into operation by either of said companies and operated under

lease or otherwise, since the dale above mentioned ;provided that the

Chicago Milwaukee & St. Paul Railway Company and the Chicago & North-

western Kaihv.iy Company shall sell, at all ticket stations on tlieir respective

lines within this State, tickets for five hundred miles ; also round-trip tickets

good for first-class passengers, to and from any 8tati"n within this State, at a

uniform rate of 3 cenis per mile ; and provided, further, that no railroad cor-

poration shall be compelled to accept less than 5 cents for transporwtion of

any passenger between any poii-ts.

"Skc. 12. Sees. 1, 2, 3, 4, 5, 6, 7, 8, 13 and 14 of Chap. 273 of the Laws of 1874,

of which this is amendatory ; chap. 311 of the laws of 1874, entitled An act in

riilation to railroads ;' chap. 334 of the laws of 1875. entitled .Ki\ act to amendchKpter 273 of the laws of loM, entitled 'An act relating to railroads, express

and telegraph companies, in the State of Wisconsin," and the first section of

chapter 113 of the laws of 1875, are hereby repealed.. ., .

"SBC. 13. This act shall be in force from and alter the first day of April, A.

D. 1878."

February 19, 1876.] THE CHRONhl^ 183

COMMERCIAL EPITOME.Friday Night, Feb. 18. 1876.

Trade has been dull and disappointing; the past week. Reduc-

tions whiuh have been made in prices of foreign inerchaudise and

domestic manufactures have not stimulated business ; and the

speculation, wliicli was ho ge neral in staples of domestic produce,

has been restricted to one or two articles. The slow progress

which Congress makes witli measures of finance anJ taxation,

upon which important intercs's turn, begins to excite some com-

plaint, and altogether an unsettled feeling prevails. The weather

much of the time has been cold and blustering, in marked con-

trast with the spring-like temperature of last week.

Speculation in pork and lard has progressed with much activity,

and a ixaterial advance in prices has been realized. The packing

season at the West seems to have come to a premature end, from

the scarcity and high prices of swine. The loading grades of

pork are SOc^gf 1 per bbl higher, but for future delivery the close

is not much higher than last Friday ; 2,000 bbls mess sold today

»t $33 85(333 9o for March and April, and bids somewhat re-

duced at the close. Lard lias been very active, and sold to-day as

high as |13 50 spot and March; $13 C0@13 62J for April

; $13 82 J

for May, and $13 90 for June, closing quiet. The speculation

has been aided by an active demand from refiners, and there has

been, also, an active demand from Germany. Bacon and cut

meats are higher, but not active. Beef is without further im-

provement. Butter and cheese have ruled steady but less active.

Tallow firm at 9i@9 5-16c. Stearine has advanced to 13i@13fc.

Coffees have been further reduced ; Rio, fair to prime cargoes,

16@17ic. ; Java, 23@35c., and Maracaibo, lOaiSic, gold, but

wUhout stimulating much business, and stocks have increased to

243,713 bags Rio, 140,078 mats Java, and 49,640 bags and mats of

other growths. Rice has remained quiet. Teas have been

moderately active, but dried fruits have ruled quiet. Molasses

has opened for the new crop of Cuba at 33c. for 50-te8t. Sugars,

though without quotable decline, have been weak; fair to primerefining Cuba, 7^@8c. ; standard crushed, lOfc.

HhdB. Boxes. Bags. Mclado,Receipts past week ]1,;«6 5.:M5 9,771 445Sales pa»t week.. 6,678 4,.Snn ,39,641 —Stock Feb. 17, 1876 K,5»«. 7.889 «(,ll.'>t; 2,t93Stock Feb. 18. 1875 29,317 35,401 96,978 678

Hides have been quiet, but quotations are firm ; dry Monte-video sold at 21c., dry Rio Grande at 19c., gold, four months, andcity slaughter ox 9c., currency. Linseed oil has continued in

fair jobbing demand at steady prices;quoted at 60c.@61c. ; other

oils quiet and unchanged. Whiskey has declined to $1 11, tax

paid.

Kentucky tobacco has continued in moderate demand, andquotations are unchanged at 4Jc.@7c. for lugs, and 7ic.@15c. for

leaf, new crop; sales 500 hhds., of which 350 were for export and

150 for consumption. Seed leaf has been less active, but prices

are steady; the sales embrace : Crop of 1873, 187 cases New

England at 15c., 150 cases Ohio wrappers at 13c., and 84 cases

New York, on private terms ; and crop of 1874, 350 cases NewYork at 8c.fiHlc., and 304 cases Ohio, on private terms ; also 200

cases sundries at 7c.@25c. Spanish tobacco has been in fair de-

mand, with sales 800 bales Havana at 88c.fa$l 15.

In ocean freights only a moderate business has been eflfected,

and notwithstanding the limited offerings of tonnage some con-

cessions in rates have been granted. Late engagements andchatters embrace : Grain to Liverpool, by steam, 7d.@7|d. ; do.

for next week, 8d. per CO lbs. ; provisions, 358.@40s. per ton ; cot-

ton, by Bail, 9-32d. for compressed. Grain to London, by sail,

8d. ; flour, 3s. 6d. ; rosin, 36. 4id. ; hops, by steam, |d. Grain to

Glasgow, by steam, 8jd.@9d. ; tobacco to Bremen, by sail, 37s. 6d.

Refined petroleum to Antwerp or Rotterdam, 4s. 6d.@4s. lO+d.;

the nominal rate for grain to Cork for orders was (is. 9d. To-daythere was a moderate business and late rates were retained

Grain to Liverpool, by steam, 8d. ; do. to London, by steam, 9|d. •

do. by sail, 8d., and flour at 38. 6d. No charters were made on'Change.

Naval stores have latterly been more steady, owing to advancedadvices from Wilmington. A moderate trade has been done.Spirits turpentine, 36ic ; common to good strained rosin, $1 60@1 65. In petroleum little or nothing has been done, but theclose was steady at 73c for crude, in bulk, and 13|^13ic for re-fined, in bl)ls. Ingot copper remains steady, with sales latterlyof 300,000 lbs Lake at 32Jc, cash. Hops are rather quiet butsteady at 13(318c for State, 1875. Wool sella fairly, and holders• re pretty steady in their views.

COTTON.Fkiday. p. M.. Feb. 18. 1879.

The MOVE.VBNT or the Crop, as indicated by oar telegram»

from the South to>night, is given below. For the week endlnf;

this evening (February 18) the total receipta liave reached 110.57$

bales, against 118,583 bales last week. 131,379 bales the previoa*

week, and 153,359 bales three weeks since, making the total

receipts since the Ist of September, 1875, 3,395,351 bales, against

3,836,183 bales for the same period of 1874-5, showing an increase

since Sept. 1, 1875, of 459,068 bales. The details of the receipts

for this week (as per telegraph) and for the corresponding weeks

of five previous years are as follows:

Ucceipts this week at— 1876. 18'. 5. IBM 1873. 18TJ. 1871.

New Orleans 48,4:9

10,674

4,900

813

8,569

ll.SIS

410

13,1S3

402

1,7:7

8,918

669

110,576

30,474

11,879

7,88J

1S9

16,804

10,749

«»4

7,516

676

8,9,55

7,104

4St

44,937

9,9S4

9,730

4

17,191

12,733

1,020

7,«J7

287

1.136

11,689

1,010

46.948

6,971

• 8,410

11,193

[1S."1

8,584

516

2,108

10.819

477

10,311

S,S4I

8,823

«,986

6,775

83«

1,8«J

6,859

401

67.T90

Uobilo 1B,5«

I'orl Uoyal, &cSavaiiQtih ,

.

7,«75

23,460

8,K6.

ll,8S0i

Florida 4341

8,733.

Norfolk 1

City Point, *c 'f

13,501:

Total thisweek 96,950 117,316 109,153 88,966 141,957r

Total since Sept. 1.... 3,395.851 8.a36,183 2,943,819 2,H0.520U (-91,196 l,«S3.S39i

The exports for the week ending this evening reach a total of117,847 bales, of which 60,455 were to Great Britain, 20,466 to.

France, and 36,936 to rest of the Continent, while the stocks as.

made up this evening are now 804,881 bales. Below are the

stocks and exports for the week, and also for the corresponding

week of last season:

Week ending

Feb. 18.

Exported to

Great

Britain.

New Orleans* 24,6J6

Moliile

Charleston 6,706

Savannah 3,331

Qalvcstont 9,213

New York 4,683

Norfolk 8,304

Other portst 4,639

Total this week.. 60,455

Total since Sept.! 1 1.887,4.V>

Conti-

nent.

18,953

1.980

S,027

8,027

5,042

397

500

20,466:36,9i!6

277,255 450.398 !2,015,108

[France

16.743

8,114

783

881

Total Samethis { weekweek. 1875

60,374

4,094

8,456

11,361

15.139

6,060

8,204

5,139

1 17,847

2.S449

1,041

11,002

15,S23

11,374

7,li3J

2,761

5.068

83,553

1.632.187

Stock.

1876. 1875.

73,897

51,073

74,438

65,758

102,676

16.643

47,000

392,999

8o.8B«

47,835

1C3.«8«

74,379

179.S54

12,000

68,000

864,831 £35,219

• A«w Orleann.—Oar tcIesrBm lo-nlght from Nfw Orleans shows that (besidesabove c.\porl8) the ainou: of cotton on slilpboHrd ami ene«Ked for stilpnient atthut port Is a« follows : For Liverpool, ,S(I,0(XI i'ale» ; lor Havre, il.tt bales ; forContinent, .1-1,01X1 bales

; for coastwise ports, 6,'>(X) bales; which, if deducted tronkthe stock, would leave 209,0C0 balei r.-preseullng the (luantity at the landing and Inprcsfcs unsold or awiiillnB orders.t Galveiton.—Our Galveston telegram shows (besld-s above exports) on ship-

board al thut port, not cleared: tor Liverpool, U,9(»i hales; lor other forelun.s.*l. hali;s; for coastwise p .rts. 2,953 bales; which. If deducted from the aloe*.would leave remaining SD.lOi b.iles

t The exports this week under ihe head of "other poru" Include from Baltimore39jbaies to Liverpool and 5(IU bales lo Bremen; from Boston i,l;3 halo lo Live

-

pool; from Philadelphia YOI bales to Liverpool; from Wllrauigiou 2,1J4 bales toLiverpool.

From the foregoing statement it will be seen that, comparedwith the corresponding week of last season, there is an increoMin the exports this week of 34,294 bales, while the stocks to-night

are 29,663 bales more than they were at this time a year ago.

The following is our usual table showing the movement of cotton

at all the ports from Sept. 1 to Feb. 11, the latest mill dates:

RECEIPTSSINCE SEPT. 1.

EXrOBTED SIMOE SEPT. 1 TO—Coast-wisePorts.

PORTS.Great

BritainFrance

Otherforci'n

Total.Stock.

1875. 1874.

N. Orleans. 1,011,4-33 780,506 3;5,977 I69,668'l3f,294 679,9-39 105,492 391,922

Mobile .... 536,009 2;o,47r. 87,609 9,8841 36..300 133,773 91,880 71.523

Charlest'n* 356,983 372,.390 98.544 44,413 55,210 1P8.I97 90,318 i5,6R>

Savannah ..457,-J05 502,703 1*5,770 26,035 116,606 278,411 112,404 79,391

Galveston*. 387,770 286,611 134,339 3,227 17,095 154.711 162,963 73,360

New York.. 12(^,455 79,62) 241,580 1,765 40,313 283,658 .... 168,244

Florida 10,635 10,649 10.635

N. Carolina 78,682 75,893 19,466 2,-301 21,766 63,739 8,635

Norfolk* ., 390,370 31.'),4ia 79,393 1,817 .... 81,210 874,331 86,458

Other ports 69,133 45,067 54,273 .... i:,323 65,596 41,100

Tot. this yr. 3,184,675 12J7,000 556,789 41-1,478 1697,261 911.741 896,113

840 014Tot. last yr. 2.7.39 S.^3 11.36.782! 182,585 229.267 1548.634 906.122

• Under the head of C/iarfeAtonls included Port Koyal, &c.; under the head of9a/v«At/>n Is Included Iadlano;a, Ac: under the head of Norfolk is Included CliyPoint. &c.

These mall returns do not correspond precisely with the total of

the telegraphic figures, because in preparing them it is always

necessary to ineorporate sraiy correction made at the porta.

181 THE CHRONICLR [February 19, 18.6

The market this week opened with the appearance of consider"able firmness for cotton on the spot. Gold and exchange werehigher, and home spinneri seemed to be in want of stock. Butadvices from Liverpool were dibappointiiig to holders, receipts

at Kew Orleans and Memphis were large, the stock at this

point showed some accumulation, and receivers, in their desire to

effect sales, accepted on VVedneaday a reduction of ^c. , to 13|^c.

for middling uplands. But even at this reduction the marketwas weak, irregular and inactive, with Liverpool down to 0|d.,

and prices here relatively much above those current there. To-

day, quotations were reduced l-16c. for middling and above, andic for the lower grades, while stained was marked down -^.(gjc.

For future delivery the market on Saturday last maintained tlie

upward tendency of the previous two days ; but on Monday tooka downward turn, which was continued with little interruptionuntil the close of Thursday's business, when a reduction of about3-16c. from the c'osing prices of Saturday was established, thesummer months dropping below 14c. The decline in Liverpoolhas been the most active among the depressing influences, as it

has greatly discouraged the hopes that have been entertained of

a reaction in that market. Today, the early months were againdown l-16((&i^c., and the later months about l-16c. off, wiih free

selling for the spring moi.ths.The total sales for forward delivery for the week are 138,500

bales, including 100 free on board. For immediate delivery thetotal sales foot up this week G,l~)i bales, including 3,'tl6 for ex-port, 3,338 for consumption, 830 for speculation, and 568 in

transit. Of the above, 100 bales were to arrive. The followingare the closing quotations :

New Classification.

Ordinary perlb.strict Ordinary(Jood OrdinaryStrict Good OrdinaryLowMlddllngStrict Low MiddlingMiddlingBood MiddlingStrict Good MiddlingMiddling F»ir.....TT.Fair :

Uplands. AJabama.

9M a-.-- 9K ®...io)i a.... wa ®...ux ® .. Via @...ux ®.... iiM a...vi a... an ®...12X ®.... ux & ..

U 15-16®.... a 15-us...13 5-16 a... 13 T-:6 a...13 11-16®... 13 v.-ie»...H 1-16 a... 14 3-16 a...14 ii-168.... 15 1-16 a...

NewOrleans.

3XlOX10«

riXViX1313 9-

1314 ,-!

15 3-

16 ®.1-16®.,16 ®.16 a.

9H

10«

12X

13 9

IS 15

14 f

15 S

18 ®.16*.6 a.16 a.

SIAINEB.Good Ordinary 9?4 I Low Middling II

Strict Good Ordinary IPX | Middling 11 }i

Below we give the gales ol spot and transit cotton and price ofUplands at this market each day of the past week :

NewClassUicatlon.

Batarday ...

UondayTuesdayWedneBdaj....Thursday...Friday

Con- Spec- Tran- 1 Good Low Mid-Bip't. samp. ula'D elt. Total. Ord'ry Ord'ry. Mldl'g. dling.

13

13

13

Vi}i

liK12 18-16

429

'369

9

353

31i769368295315370

Total 2,416 2,3SS S36 | 583 6,158

2060165150

S13

1,491

1,8M5138 468;857

9X9K»K9M9)»

11

11

It

10«10«lOX

12K12Xuy,:2«12>i12

Delivered on contract during tl.e weelc, 5S7 bales.

For forward delivery tUe sales (includiug 100 free on board)

have reached during the weet 138,500 bales (all middling or on

the basis of middling), and the following is a statement of the

sales and prices

:

JTor February.bales- (I'.B.

300 12i200 12 23-32

100 12 27-32

2,400 12%•™«-."- 1 12 29-32

2U0 8.

400..200..400....

12 15-16

12 3:-32

13

300 13 1-32

5.200 total Feb.

For March.Sl,a)0 12 25321.200 .'.12 1.3-16

1,800 12 i7-32

LIO-J UK2,000 12 29-32

1,200 12 15-16

4J0O 12 31-32

2.800 13

l,ISOa 13 1-32

800 13 l-:6

1,600 133-32

bales. ct'.1,300 13«2,000 13 5K800 13 3-16

22,400 total March.

For April.1,300 13 1-16

1,900... 133-326,200 137$SCO 13 5-82

5.600 13 S-i68,400 13 7-32

4,800 1S>42,300 13 9-88,500 13 5-16

1,100 18 n-321,600 13X1,700 13 13-32

600 .18 7-16

33,100 total April.

For May.EOO 13 5-16

200 IS 11-82

3,000 13;,

bales. eta.

iOO 13 13-<i2

2,600 13 7-16

2,800 13 15-32

6,100 13X1.800 13 17-32

5,300 18 9-16

2,100 18 19-32

3,700 13K1,100 13 2132

:00 13 11-16

29,200 total May.

For June.

1,300 13 9.16

800 13 ll)-:2

4,100 135^200 13 21-32

1.600 13 11-16

l,OC(i 13 23-33

f,4O0 13V1,300 13 25-32

2,000 .13 13-16

2,000 13 27-82

200 13H

bales.4W.,

eta..13 ii-li

21,S0I total .luue.For July.

400 13 26323,100 13 13-15

1,100 13 27-32

700 1314800 13 29-32

1,600 18 15-16400 13 31-32

900 14

200 14 1-32

200 14 1-16

9,400 total July.Hor August.

600 13K700 13 29-32

900 13 15-16

1,100 13 31-3;

1.500 H200 14 l-3i

800 ....14 1-16

500 UX5,300 total Aug.

The sales during the week of free on board reached 100 bales;

the particulars of these sales are as below ;

Free onboard Philalelphia, iCU liUs.

The following exchange has been made during the week ;

Xc. pd.to etch. IOO AprU (lor y, b.; lor Msy.

The following will show spot quotations and the closing prices

bid for futures at the several dates named

;

UIDDLING TJPI.Ai.DB—AIIBEICAlf OLASBIFtOATIOIT.

Frl. Sat. Mon.On spot 13 13 13

February 12 15-16 1.5 12 29-32March 13>i 13 8-32 13 3-3SApril ISK 13 7-16 ISU-S'May 13 19-^2 13 21-32 13 9-16

June 13 13-16 13K 13 25-32

July 14 14 1-Si IS 3-32

August 14 3-32 14 14 3-32

Bales spot 1,525 1,19: 1,626

Sales future... 17.400 10.200 T?,8(0

Gold 113 113 11!'.4

Kxchange.. .. 4.84 4. SI 1.8:

Tues. Wed. Thars.13 12K 12;^12 29-33 12 29-32 12 13-1613 1-32 18 12X. . 'J-3S 13 5-33 13 5-32

1 17-32 13 n-32i 13 13-32

13i^ 13V yi%13 15-16 13 15-16 13 13-16

14 1-16 14 14 15-1«r>!3 314 6376,7il0 22.S0O 32,500nt% 113X U3V(.8J 4.M 4.a4

Fri.12 13-16

12.2S-S212 13-16

13 3-8213 11-32

13 9-1613 25-3213 29-3285739.400

113V4.83X

Thb Visible Supply of Cotton, as made up by cable andtelegraph, is as follows. The continental stocks are the figures

of last Saturday, but the totals for Great Britain and the afloat

for the Continent are this week's returns, and consequentlybrought down to Thursday evening; hence, to make the totals the

complete figures for to night (Feb. 18), we add the item of expor^.i

from the United States, including in it the exports of Fridayonly:

Stock at Ltverpool.

Stock at Loudon

1876.843,000

68,000

Total Great Britain stock .... 911,000

Siock at Havre S0S.750

Stock at Marseilles 5,S50

Stock at Barcelona 63,000

Stock at Hambnrs! If,000

Stock at Bremen. 42,600

Stock at Amsterdam 43,000

Stock at Rotterdam 16,000

Stock at Antwerp 13,000

Stock at other continental port?.. 11,000

Total continental ports 415,500

1876.773,000

131,850

904,«o0

118,750

10.250

70,250

10,750

38,350

47,000

13,500

4,t00

12,000

321,250

1874.632,000

191,250

876,250

108,750

11,000

28,750

SO,0O0

85,000

65,500

22.730

12,500

25,000

319,230

1378.

498,000

196,000

694,000

198,000

12,000

49,000

29,000

87,000

63,000

7,000

87,000

.38,000

460,000

Total European stocks 1,326,500 1,228,500 1,193.503

India cotton afloat for Europe.... 113,030 2i3,000 148,000

American cotton afloat for Europe 543,000 511,000 587,000

Egypt, Brazil, &c.,afloat for E'rope 60,000 38.000 102,000

Stock in United States ports 864,831 835,819 832,000

Stock in U. S. interior ports 123,139 130,510 146,348

United States exports to day 21,000 12,000 35,003

Total visible supply. ..bale8.3,051,370 2,993,229 .3,033,848

Of the above, the totals or American and other descriptions are as

American—Liverpool stock 481,000 418,000 387,000

Continental stocks 223,000 129,000 189,000

American afloat to Europe 543,000 511,000 537,000

Ur.ited States stock 864,881 8-35.319 8-33,000

Un.ted States interior stocks 123,139 i:30,5'.O 146,348

United States expoits to-day 21,000 1^,000 85,300

1,154,000

303,000

539,000

95,000

513,135

90,783

10,030

3,593,918

follows

:

175,000

125,000

329,000

518,138

90,783

10,000

Total American bale8.3,359,070 3,035,739 2,006,348 1,441,918

East Indian, Brazil, <tc,—

Liverpool stock 359,000 355,000 395,000 33-3,000

London stock 68,000 131,230 194,350 196,000

Continental stocks 192,600 195,350 190,850 335,000

India afloat for Europe 113,000 823,000 148,000 303,000

Egypt, Brazil, &c., afloat 60,000 58,000 108,000 95,000

Total East India, &c 792,E00

Total American 8,859,070

962,500

•1,035,739

1,152.000

1,441,918

1,089,500

3,006,318

3.0.35,848 2,593,918

7%@8d. 9Xd.Totalvisible supply. ...bales. 3,051,570 2,998,829

Price Middling Uplands, Liverp'l, 6 5-16d, 7K@7?id.

These figures indicate an increase in the cotton in sight to-night

of 53,341 bales as compared with the same date of 1875, an

inerea»e of 15,733 bales as compared with the corresponding

date of 1874, and an increase of 457,653 bales as comparedwith 1873.

At the Interior Ports the movement—that is the receipts

and shipments for the week and stock to-night, and for the

corresponding week of 1875—ia set out in detail in the following

statement:

Augusta, GaColumbus, GaMacon, GaMontgomery, Ala .

.

Selma, AllMemphis, TennNashville, Tenn

Total, old ports.

Dallas, Texas.. ..

Jefl'erson, Texas .

Shreveport, La. ..

Vicksb'g, Miss. .

.

Columbus, Miss..Enfania. AlaGriffin, Ga...Atlanta, GaRome, GaCharlotte, N,C ..

St. Louis, Mo.. ..

Cincinnati, O

Week ending Feb. 18, 1876,

Receipts. Shipments. Stock.

Total, new ports

Total, all

2,310518871615

1,217

14,0431,465

30,339

4721,0974,4358,208429616168

537406988

9,8168,570

89,732

50,071

6,420458423

1,291

1,643

13, .14

1,950

25,602

8431,0334,293

4,887S34

1,195!i6

60T473733

-.903

1,989

34,576

Week ending Feb. 19, 1875 .

Receipts. 'Shipments. Stock.

16,31311,195

7,3829,813

7,8:i6

64.669.7,633

123,139

1,0696,230

8,6388,7';

8,1643,4281,274

8,6932,435

I592

1 29,133

! 11,7V21

79.263

4,237886

1,083485

1,1728,2808,394

18,498

50,078 1208, 447

399905

2.9972,436279571297874510

1,1368.410.5,630

18,554

4,!831,4841,272

1,3651,35313,919

1,953

35,618

4391,6083,8112,0391,101712193

1,4291,-'51

1,188

3,3874,826

37,052 I

22,143

47,661

17,67818,381

9,1604,0115.605

63,73518,140

130,510

1,2862,680

5,4359,898970

1,919743

3.6.6

1,138

1,04738.699

17,305

66,663

197,175

The above totals show that the old interior stocks havedecreased during the week '1,567 bales, and are to-night 7|!!31

bales less than at the same period last year. The receipts at the

same towns have been 1,841 bales 7nore than the same week last

year.

Bombay Shipments,—According to lurcable despatch received

to-day, there have been 15,000 bales shipped from Boml)ay to GreatBritain the past week, and 13,000 bales to the Continent; wliile the

receipts at Bombay during this week have been 27,000' baleg.

The movement since the Isl of January is as follows. These are

the figures of W. Nicol & Co., of Bombay, and are broughtdown to Thursday, Feb. 17 ;

.-Shipments since Jan. Ir-snipments this week-,Great Con-Britain, tinent. Total.

Great Con-Britain, tinent.

43,000 45000138,000 69,00079,000 42,000

,—Receipts.

—

Tilts smceweek. jan, 1.

27,000 129,000

56,000 2.94,000

34,000 198,000

Total.

1876 5.000 12,000 17,000 4:3,000 45 000 88,000

1875 37,000 8,000 4,3,000 138,000 69,000 191,000

1874 15,000 8,000 -^3,000 79,000 42,000 IM.OOO

From the forearoing it would appear that, compare 1 with last

year, there is a decrease of 28,000 bales this year in tlie week's

sbipmeots from Bombay to Europe, and that the total movementsince January 1 shows a decrease in shipments of 103,000 bales

compared witn the corresponding period of 1875.

Pebrjary 1\ 1876.] THE CHRONICLE. 18o

Weather Reports bt Telkgraph.—The weather durlogthe past week haH been as favorable aa usual at this season ofthe year. PhiuterM aie miking fair progress in their prepara-tious for the next crop. Tlio movenieut of the lal)oring class

towards the Southwest, which wiis so considerable last year, ap-pears to be In progress again tliis season.

Oalveston, Texat.—Plowinghasgonorally begun. This has beena most reinnrkal)Io winter ia this locality. We have not had aparticle of ice or even frost yet. Oranges, figs, grapes, apples,peaches, to a moderate extent, are still maturing. It has rainedhard two days thin week, the rainfall reaching one inch andforty-five hundredths. Tiio thermometer has averaged (ia, thehighest being 74, and the lowest .IS.

indianola. Texas.—dtenersL] preparations for the new crop arenow being made. We are having too much rain. This weekthere have been four showery days, the rainfall reacliing fifty-live hundredths of an inch. The tliBrmometer has averaged 03,the higlie.st being 78, and the lowest .50.

Corsicana, Texas.—Que day has been showery, but the balanceof the week has been pleasant ; ihe rainfall reached only twentyhundredths of an inch. Demoralization among the laborersconsequent upon the election is now over, and plowing has fairlybegun. The thermometer has averaged 57, the highest being 78,and the lowest 57.

Dalliis, Texas.—It has been warm and dry during the whole ofthe past week, and the roads ara much Improved. There islieavy immigration to this section, and it is augmenting largelytlie labor force. Small grains are very promising. The ther-mometer has averaged G3, tlie highest being 78, and thelowest 34.

New Orleans, Louisiana.—We have had four rainy days thepast week, and a frost, though not a killing frost. The rainfallfor the week is one inch and fifty-one hundredths, and the averagethermometer <il.

6/t,reveport, LouisUin^.—The weather this week has been clearand pleasant, without rain. TIxe thermometer his averaged 57,the extremes being 79 and ;«). Kiiceipts show a falling off fronilast week. Sliipping facilities are excellent.

yieksburir, Mississippi.—Telegram not received.Columbus, Mississippi.—The thermometer lias averaged, during

the past week, 07, tiie extremes being 40 and 87. Total rainfallfor the week forty hundredths of an inch. « As the week closesthere is a favorable cliauge in the weather.

Little Rock, Arkansas.—'V\ie weather has Ijeen fair all theweek, except Monday, when wo had a Norther, with rain. Wocontinue to receive one to two hundred bales of cotton per day,but of very inferior grade. Thermometer has averaged 53, thehighest being 73 and the lowest 33, and the rainfall has reachedone inch and sixteen hundredths.

NashviUe, 'lennessee.—There has been no rain here this week.The thermometer has averaged 41), the highest being 51) and thelowest 39.

Memphis, Tennessee.—'l'here Las been one rainy day, the rain-fall reaching thirty hundredths of an inch. The rest of theweek has been pleasant. Average thermometer 45, highest 58and lowest -44.

Mobile, Alabama.—Two days the early part of the past weekwere showery and two were cloudy, but the remaining threedays were pleasant. The rainfall has reached thirty hundredthsof an inch. The thermometer has averaged 58, the extremesbeing 43 and 71.

Montgomery, Alabama.—'Yhe first four days of the week werelainy, but the latter part was clear and pleasant, the rainfall fortlie week reaching one inch and seventy-two hundredths. Thethermometer ha.s averaged 59, the extremes being 40 and 78.

Helma, Alabama.—Knin fell at this place on two days duringthe week past, the rainfall aggregating one inch and tliirty-twohundredths. The thermometer has averaged 51).

Madison, Florida.—Telegram not received.Macon, Georgia.—It rained here two days during the week.

The thermometer for the same period has averaged 56, thehighest being 76 and the lowest 37. The weather is favorablefor planters. On the 13th inst, one of our cotton warehouseswas burned, causing a loss by fire of about 150 to 300 bales ofcotton.

Atlanta, Georgia.—Two days of the past week wore showery,the rainfall reaching one inch and twelve hundredths. Thethermometer has averaged 00, ranging from 40 to 74.

Columbus, Georgia.—It was showery on two days this week,the rainfall reaching one inch and two hundredths. Averagethermometer 53, higliest 70, and lowest 34.

tSatannah, Georgia.—"HXwre were two rainy days here thepast week, but the rest of the week was pleasant. The rainfallhas reached one inch and ten hundredths, and the thermometerhas averaged .58, the extremes being 43 and 80.Augusta, Georgia.—It rained heavily on two days, the rain-

fall reaching one inch and twenty nine hundredths. The re-mainder of the week has been pleasant, the thermometer aver-aging 59, and ranging liom 85 to 78.

Charleston, South Carolina.—On two days of this week it wasshowery, the rainfall reaching sixty-four hundredths of an inch.1 ho ihenuometer has averaged 58, ranging from 44 to 73.The following statement we have also received by telegraph

showing tlie height of the rivers at the points named at 3 o'clockFeb. 17. We give last yexr'a figures (b'eb. 19, 1875) for com-parison.

,-Peb.l7 '76^ r-Feb. 13,'75.^Feet. Inch. Feet. Inch.

New Orlasns..Below high-water marlt 4 7 3 8Jjemphla Above low-water mark 33 S 10 10nMBTllle Above low-water mark 28 10 3»ttr8veport....Above low-water mark M 3 81 8Yiciubiirg ...Above low-wdter mark 14 J ar 5

Bllibo.v & Co. '8 Annual Ueview for 1875.—In our editorial

columns win bo found some re:narli6 upon the consamption ofcotton in Kurope. Below we give copious extracta from EllinouSi (.'o.'s very interesting review for 1875, just received, whichwill well repay study:

CONSUMPTION OK GIIE.W HIIITAIN.The deliveries for home consumption amounted to 3,115,130

bales, or 59,900 per week, as shown in the following statement:.,.,,,,, . , Bales. I'oiiiiil-..Slock hold by Hpuinora l»t January I»,ooo riH<w i«kiSlock In the ports Ist January 786,870 SmatAtluImport during the year 8,708,080 1.4Aj,ftMI.470

Total supply <,8l9.1i)0 I.KOS.ISi.OROExport diiriii),' the year 708.810 «I,«I!.(..VIStock held by spinners 8lBt December 125,000 Hi or.H 11

Stocks In the ports SIst December 87i,070 iT* l!i4 8"0

Total deduction I,904,2d0 ivrr.rw.s^o

Leaving for actual consumption 3,115,130 1,230,888,h:o

Which compares as follows with the figures of the precedingnine years:lti75.... .... .).iii5,iao

1874 ... .... :1,«2N.1S»1873... .... :i,*!,7101872.... .... a.aiK.iiao

1871.... ... 3.114.780

l,23\388,8noil.aSB, 139,250

I

1.216,149,91011.175,345,2501,205.4.55,250

I81O 2,797,00016«i; 2,628,4tiO

1888 2,801,1)40

1867 2,555. 4!H1868 2,40fi.394

1,071,"60,7W930,019,0309J0,]UT.100954 5 7,.'iOO

890.721,000

In order to give a correct comparison of the amount of cottonconsumed, wo have reduced the bales to tho uniform weight of400 Iba. each, as follows:

Total in balefl Averageof 400 lbs. per week.

1875 3,075.970 .59,1001874 3,18.1.323 80,8701873 3.115,374 .•9,910

1872 2.93-i,.3«3 56,5101871 3,013,638 57,950

Total in hales Averageof 400 lbs. per week.

1870 2.079,430 .'iLsaO:8»9 2.347.540 4.5.140'.868 2.490.4'« 47.8901687 2,S86,2!K) 45,8991860 2,226,8tO 42.820

As compared with 1874 the consumption of 1875 shows _decrease of 1,710 bales, of 400 lbs. each, per week, or 3J per cent,against an increase of 980 bales, or IJ per cent, in 1874 upon 1873.The present rate of consumption is about 60,000 bales per week,say 33,000 American, 13,000 Eist Indian, and 14,000 sundries.

STOCK IN GREAT BRITAIN.The agjregate .ntock reiiiaining in the ports at the close of th'i

year is ofKcially declared to be 673,070 bales, including 616,770Imles in Liverpool, against 786,370 and 684.710 bales respectivelvat the end of 1874. Subjoined is a comoaralive statement of thestocks in tlio ports and in the hands of spinners on the 3l8t ofDecember, 1875 and 1874:

^lu the portB.^ ,

1»75. 1874..\inerican 885,720 275,000Brazil, Egypt, &c.., 101,320 HI, '00East India, Ac 226,030 3:S0,000

-Held by spinners -, . Total. ,

1875. 18?4. 1875. 1874.65,030 68,000 35 ',720 S43,i:0O40,000 .37,000 201.320 218,00020,000 20,000 246.030 350,0CO

1867. 1866.d. d.

lOK 13H9X l:«lOK 14"

Total 671,070 786,000 125,000 125,0C0 798,070 911,000AVERAGE VALUE PER LB. OP I.UPORTS, &:.

The average per lb. we estimate as follows:1875. 1874. 187.J. 1872. 1871. 18:0. 186J. 1868.d. d. d. d. d. d. d. d.

Import 7 1-18 7^ 8H 9 5-16 8 9 5-16 111-16 9XExport. . . 6% 6 7 7Ji t 8H 10 8 13-16Coiis'ption. 7;, 75i 8\- 9 13-16 8X 9 7-16 11 3-16 97{

CONSCMITION OF EUROPE A>-D AMERICA.The total import into Europe in 1875 amounted to 5,535,380

bales, of which 3,708,030 bales were received into British and1,817,350 bales into Continental ports. Of the 3,708,030 balesreceived Into Great Britain, 700,310 were re exported to theContinent, making tho total supply to foreign Europe 3,533,460bales, and leaving 3,001,830 for British consumption. Thestocks at the close of the year showed a decrease of 36,430 balesas compared with those of twelve months previously, so that thedeliveries were 5,561,700 bales, of which 3,115,130 bales were toEnglish, and 3 440,580 bales to Continental spinners.The average weekly deliveries were, to English spinners,

59,900 bales, against 61,983 In 1874, and to Continental spinners47,107 bales, against 45,939.Of the 700,000 exported from Great Britain, about 140,000 bales

went to the Baltic, and we have advices of 433,000 bales havingarrived at Hamburg, Bremen, Rotterdam, Amsterdam, Antwerp,Havre, Barcelona and Genoa. The remaining 133,000 consisted'of transit cotton forwarded through Dutch, Belgian German andother ports, but respecting which we have not been able to obtainthe necessary details. In the table below the 140,000 bales tothe Baltic and 133,000 to miscellaneous ports are included in the654,000 bales put down to Russia, &c. The balance, 393,000bales, was imported by Russia, Sweden, Italy, &c., direct fromthe countries of growth, namely, 330,000 bales from America,36,000 bales from the Brazils, 47,000 from Egypt, and 79,000bales from India. (Those figures mako a total of 665,000 bales,but 11,000 bales were re-exported acd included in the generalimports into the ports named above.) In 1874 the direct importswere 193,000 bales from America, 33,000 baffes from the Brazils.33,000 from Egypt, and 79,000 from India,As stated in previous annual reports, it is not easy to trace tho

ultimate destination of the cotton delivered from the variousports of the Continent. A portion of last year's imports intoGermany passed on to Russia. Much rf the'cottou put down toHolland and Belgium pa.ssed through those countrie.=i to Germany,Austria, Alsace and Switzerland.The deliveries to American spinners. North and South, last

season amounted to 1,190,000 bales, against 1,313,000 bales in1874 and 1,301,000 in 1873, being a weekly average of 33,880bales in 1875, against 35,350 in 1874 and 33,100 in 1873.Tho number of spindles in the United States, according to

the valuable report published by the New York FinanclalCuRONicLE, is 9,53!),364, of which 9,057,543 are in the Northand 481,831 in the South,

186 rHE CHRONICLE [February 19, 1876.

SPINDLES AT WORK IN 1875.

So far as we have been able to ascertain, the number of

spinning spindles in existence at the close of 1875, compared

with twelve months previously, was as follows :

1875. 1874-

TTnltpd Klnsdom .S8,12J.OOO 37,5c6,000

ConUnent ^ .... 20 8 10,000 19,1150.000

Dnued&tktevv.:;::- ..•... ..;:::::.::: ^m ^imoTotal 68,461,000 CO,.581,OJO

rnOPORTIONATE CONSUMPTION.

'Subjoined is a comparative statement of the relative positions

«f Great Britain, Continental Europe and the United States

< North and South) in each of the past tliree years and 1860. The

deliveries are given in 1,000.1 of bales of the uniform weight of

400 pounds each. Tlie entire statement is based upon the details

given in the table under the heading of " A Comparative State-

ment of the Movements of Cotton in Europe and the United

States for the Years 1875, 1874, 1873 and 1860."

, 1875. . . 1874 , . 1873. ,. 1800. .

Total. Per ct. Total. Per ct. Total. Per ct. Total. P. ct.

GreatBritain 3,076 45 6 3,107 46 3 108 48 6 2,817 « .^

Continent 2.863 35 2,267 330 l.WO 30 8 1,794 .Sf5

United Staies:.....; 1,306 _19-4 1>1 _21^ Ifl' i^l? ^ Jl?Total eiws lOO^O 6,8J5 101.0 6.3'J9 lOQ-O 6,699 100-0

The stocks in the hands of English spinners are about the

same as last year. Continental spinners held only a bare work-

ing stock at the end of September, but they now hold a surplus

of about 80,000 bales.

THE COMPETITION OP EUROPE, AMERICA AND INDIA.

In OUT last annual report we pointed oat a feature in the

figures relating to the comparative consumption of Great Britain

and the Continent "worth the serious attention of those whohave been and are still directly or indirectly seeking to increase

the cost of production in this country," and for the benefit of the

same people we append the following account of the consuming

power of Great Britain, Continental Europe, the United States,

Hnd India, lor 1876, compared with 1800, premising that by India

we mean only the consumption by machine power in the BombayPresidency alone. The figures are in bales of the uniform weight

of 400 lbs. each:, 1860. -^ , 1870. , . Increase. .

Bales. P. ct. Bales. P.ct Bales. Percent.

Great Britain 2.817,000 494 3,167,(00 410 370,000 13 1 131Continent 1,794,0,;0 315 2,3S2,000 .33 568,00) sro)United States 1,088,000 191 1,441,000 201 .3.53,000 32 4V37BBombay 164,000 23 164,000 ....)

Total 5,699,000 1000 7,154,000 100 1,4.>5,C00 25 5 -MS

The average annual increase in six'een years is only 0'82 per

.<;ent for Great Britain, against 2'35 per cent for the remainder of

(t\ie world; that is to say, the consumption of the Continent,

America and India has increased almost three times as fast as

rthat of Great Britain. Not the least unpleasant feature of the

.case is tliat the slow movement in Great Britain and the rapid

.movement in other countries has been most strikingly visible

.during the past three or four years. What may be in the future

lit is impossible to say, but it is very clear that Lancashire cotton

^Bpinne^s have now much keener and more successful foreign

•competitors to deal witli than they had only a few years ago.

STATE OF THE CONTINENTAL TRADE.The state of trade on the Continent in 1875 presented pretty

much the same features as in Great Britain. To importers of the

raw material the year was very unsatisfactory, and considerable

loss fell upon merchants in the leading ports; but spinners andmanufacturers did moderately well, except those spinners whoimported largely of the raw material in expectation of an activity

in trade and a rise in prices which did not take place. Takingthe year round it did not realize the favorable anticipations cur-

rent twelve months since.

In Frunce consumption again increased, and the year's results

were satisfactory, especially to manufacturers, though the profits

were not so large as in 1874. In Germany business was moder-

ately active the year round; the demand kept pace with produc

tion, but no more; producers escaped working at a loss, but they

did not make any great profits. Trade in Alsace and Lorrainewas fairly satisfactory. In Switzerland consumption was fully

maintained, but the demand was interfered with to some extent

by the disturbances in the East—au important vent for Swissfabrics. In Holland spinning was pretty remunerative, but man-facturing was unsatisfactory, owing to the unfavorable state of

trade witli the Dutch East Indies—the principal external marketfor Dutch cotton products. No new feature was developed in

Belgium; the consumption there is only small, the bulk of the

imports consisting of cotton in transitu. In Austria the profits

on spinning were very meagre, especially to those spinners whoheld large stocks of the raw material at the opening of the year;

weaving was more remunerative. During the last three or four

months, business has been disturbed by tlie unsettled state of

home politics, and the threatening attitude of the Eastern ques-

tion. One feature of the year was an increase in the propor-

tionate production of the coarser counts of yarn. From Italy

the accounts are very satisfactory; both brandies of the industry

did very well, though weavers did better than spinners Con-sumption is increasing, and new machinery is consequently beingput up. In Spain business was quiet but sound, the dis-

turbed state of the country notwithstanding. Messrs. Canadell

and Villavechia, of Barcelona, estimate the increase in spindles

in 1875 at 100,000. In Russia a full rate of consumption waskept up, and trade was fairly profitable; the same remark applies

to Sweden; in both countries additional machinery has beenbrought into use.

The generally disappointing character of the business results

of 1S75 causes the prospects for 1876 to be viewed in a cautious

and somewhat timid manner. There is a disposition to speak and]

write cheerfully, but there is an absence of healthy enterprise.

It is expected 1 hat the low prices -will eventually bring about 1

something akin to activity, iSut at present there is no dispositioaj

to operate beyond the extent necessary to meet actual or imme-

diate requirements.

PBOBAULE REQUIREMENTS OP EUROPE POR 187G.

Under this head we have little to add to the remarks contained I

in our Annual Review for the season, issued in October last. Inj

that report we estimated the requirements of Great Britain forj

the season, ending September liOth next, at 1,305,000,000 lbs.

On the basis of this figure for the first nine months of 1876, and ,

an increase r^f 3 per cent in the rate of consumption for the lastj

three months, the requirements for the year will be about 1,375,.

000.000 lbs., against a consumption of 1,330,388,000 lbs. in 1875.

The Continental consumption for the seasou we computed at]

937,000,000 lbs. Adding 3 per cent for increase in the last three'

months' of 1875 will give about 945,000,000 lbs. as the require-

ments for the whole year, against a consumption of 915,000,000

lbs. in 1875. . i

The following, therefore, is our estimate of the consumptionj

of Europe in 1876:f

Lbe. Per cent. Balec Per week. J

GreatBritain 1,275,000,000 57.43 3.228,000 of 395 lbs. 62,07rl

Continent 945,000,000 4J.57 2,443,000 of 3-6 lbs. 47,019|

Total 2,220,000,000 lOO.OO 5,676,0..0 of 391 lbs. 109,C

PROSPECTS OF SUPPLY FOR 1876.

Twelve months ago we estimated the import into Europe fromall sources for 1875 at 5,470,000 bales; the actual arrivals were

5,.525,000 bales, or only .55,000 bales more than our estimate.

There was a material deficiency in the imports from the Brazils,

West Indies, &c., but this was more than counterbalanced by the

excess in the arrivals Irom America, Egypt and India, owingmainly to the extraordinary rapidity with which the new crops

of America and Esrypt were marketed—the imports in the last

three months of the year being 680,600 American, against only

493,360 in 1874, and 213,900 Egyptian, &c., against 186,650 bales.

In our October report we estimated fthe probable import of

American for the season 1875-6 at 2,750,000 bales. This compu-tation was based on the supposition that the crop would range

from 4,000,000 to 4,100,000 bales, or an average of 4,0-50,000

bales, and that American spinners would take 1,.300,000 bales.

In the same report we stated that with an open winter the crop

might roach 4 250,000 bales. In some measure the winter has

approached the character of openness contemplated in our

October circular. Picking has been serioujly interfered with by

frequent, and at times, continuous rains, bun a large quantity of

cotton has been gathered that would not have been grown if the

frosts of October and November had been as severe and as wide-

spread as in the corresponding months of the previous season.

This circumstance has naturally led to a general increase in crop

estimates since the beginning of November. On the 1st of that

month the returns received by the Washington Agricultura

Bureau pointed to a yield of about 3,900,000 bales ; on the 1st

December, Mr. Dodge, the head of the department, guided by'

later information, and in anticipation of his closing report, stated-

that tlie yield would exceed 4,000,000 bales ; and early in thei

current month (January), he gave 4,050,000 to 4,150,000 bales ai

his final estimate. * * *

The crop controversy of to-day presents almost precisely the

same features as twelve months ago. Again we hear of large

stocks in the plantations, which are to swell the receipts at the

ports in February; and again the reports of the WashingtonBureau and the Southern Cotton Exchanges are pooh-poohed as

pedantic and absurd. Again, therefore, estimates of yield are

wide apart; strict adherents to the last Bureau report confining

tlieir expectations to 4,100,000 bales, and strong believers in the

greater trustworthiness of private advices confidently looking for

4,400,000, or even more. In the midst of so much uncertainty,

we shall adopt the medium figure of 4,250,000 bales, leaving our

readers to draw their own conclusions from the facts which wehave placed before them—merely premising that the recei])t8

during the coming four or five weeks will settle the questioi

whether the crop is to exceed or fall short of 4^ million bales.

Aside from the size of the crop, it is worthy of notice that it is

much lower in quality than the last, owing to tlie picking season,

though longer, having been much loss favorable than the last, in

consequence of the prevalence of rainy weather; and, whatevermay be the extent of the crop in bales, its yarn-producing powerwill fall short of the previous one. The extent of the deficiency

is variously estimated at from 3 to 5 per cent. A reduction of 3

per cent from 4J millions would give a net total of 4,113.000

bales, or about the same as the Bureau estimate of 4,100,000,

which estimate, it is important to note, takes no account of the

extra percentage of dirt gathered with this season's crop.

Out of a total yield of 4,250,000 bales, American spinners will

require about 1,300,000 bales. Unless some material advance in

prices takes place, about 40,000 or 50,000 bales will be added to

stock, leaving about 2,900,000 bales for export to Europe, or, at

the outside, say 2,925,000 bales, which, assuming the movementof the 1876 7 crop to be as rapid as that of 1875-6, will be about

the extent of the import into Europe in 1876.

The year commences with 40,000 bales less afloat from India than

twelve months since. We expect that the shipments will showdecrease of from 80,000 to 100,000 bales, and, therefore, that the

import for the year will not exceed 1,435,000 bales, against

1,563,000 bales in 1875. The supplies from the Brazils and mis-

cell.ineous sources have steadily diminished of late year.-", owing

to the fall in values, and we place the arrivals thence at about

the same as last year. The Mediterranean will probably give an

increase of about 80,000 bales, all Egyptian.

ts I.

February 19, 187rf] THE CmtONICLR 187

1875 1874. J873.

2,&3fl,000 2,895.000 2,fi44,0l)0

540,000 637,000 H-M,000

472 0:0 482.000 .w;,ooo

1*1.000 1112,000 1(11,000

1,S«3,0I0 1,439,000 l,2<)tl,00O

The foregoing estimates compare as follows with the actual

figures of the previous three years:1876.

AMerlcan 2,92.V>00Brazilian .VtO.CWO

Mediterranean 550,000

West Indian, &c 1.35.000

East Indian 1,445,000

Total 6,575,000

The weight of the import of each description we estimate oh

follows:Balpf!.

American 2,9S5,(i00

Brazilian S40,0(i0

Kgyptian, Ac S.'iO.idO

WcBtlndies, &c l:ir>,<m

Kast Indian 1,425,000

TABX.

5,525,000 5,054,000

Average.4.39

1605542115

860

6,264.000

Pounds.1,«?4,076,000

S6,4<l.l,Cfl I

301,700,(01)

87,675.000513,000,0(0

Total 6,575,000 397 2,S15,8fl0,0C0

This prospective supply is slightly less than the estimated

requirements. Tlie important feature is that an American crop

of 4,250,000 bales is required to meet the wants of the world.

Such being the case, it may be taken for eranted that even4,850,000 bales would not be too much to handle.

PROBABLE COURSE OP PRICES IN 1870.

With supply and demand at about an equilibrium, one wouldnot, under ordinary circumstances, look for any material varia-

tion in prices from the rates now current ; but, as pointed outin our October report, the market for two or three years past hasbeen under the control of extraordinary (last year very extraor-

dinary) circumstances. Even yet cotton is not on its own merits.

A protracted series of internal misfortunes, brought about byover-production, aggravated by adverse external influences in theshape of bad trade and 6nancial crisec in every important centre

of monetary and commercial activity throughout the world, haveso demoralized the business community that pessimism is every-where rampant ; and we do not remember a new year whichopened so lifelessly or so utterly devoid of clieerfulness as hastliat upon which we are now entering. Look which way we will,

there is not visible a single gleam of hearty hopefulness, and athoroughgoing optimist is quite a curiosity. Some day a greatciiange will come, but when, it is impossible to say. So far as cottoni.s concerned, all that we have to say for the present is, that prices:iri' below the average cost of production ; that, consequently,Soulier or later a sharp reaction must come ; and, therefore, that.iliinnera and manufacturers will act wisely in not risking muchill tlie form of uncovered contracts for the forward delivery ofvarus and goods. Last year the average price of middling up-lands was 7fd., but so low a figure would not have beeu wit-nessed if it had not been for the discredit and disorganizationwhich followed the Collie and other failures ; and unless someunforeseen political or financial occurrence takes place, we shallbo surprised if the average price for 1870 is not much highertlian the figure now current.

in the course of a few mouths the direction of the market willlie guided in a great measure by the cliaracter of the prepara-tions for the new American crop. Unless a material advancelakes place in prices, we are satisfied that less land will be sownthis year tlian last. Last year the average price of middlingupland from January to April was 7|d. per pound, and the mostprevalent opinion as to the future was that SJd. would be wit-

nessed in the autumn, and yet only 1^^ per cent more land wassown than in 1874, in which season 10^^ per cent less land wassown than in 1873, although the average price of uolands fromJanuary lo April was about 8d. per pound. The figures for thepast six seasons compare as follows :

Average price. AcresSeasons. Jan. to April. Sown.

18TO-71 ll>id. 8 8.55.545

1871-72 IVtd. 7,744,0 71812-73 11 l-16d. 8,694,071

Average price. AcresSeasons. Jan. to April. Sown.187:i-74 .. 9>id. 9,059,4231874-75.... 8d. 8,6n,iil318:5-76.... V^d. 8,753,464

The average cost of producing cotton, for the entire South, is

probably less now than it was half a dozen years ago, owingpartly to the fall in the value of labor and partly to the increasedproportion of land sown in the more fertile and therefore lessexpensively cultivated region in the Southwest (especially inTexas, in which State l,iU4.000 acres were sown this season,against only 713,000 in 1871, and 900,000 in 1870), but that prepa-ration for a large crop will be mnde throughout the cotton regionat 6Jd. is, to say the least, highly improbable.The following are the exports of piece goods and yarn to the

chief districts of the world, during 1875, and the correspondingtotals for the four previoiig yearii. (The figures represent mil-lions and tenths, viz :—39.0 yards equal to 39,000,000 yards.)

PIECE ooona.

1875.To— Yards.

Germany and Ilolland 116.9France 87.8Portugal 70.6(iibraliar and Malta 41.7Italy and Austria 101.7Torkey, Syria and Egypt 356.8West and South Africa 38 4British North America 48 2UaitedStaies 79.8West Indies and Central America . . 1B5.9Brazils 196.8OiUer South American States 1 15.

1

China and llohg Konu 436.0Java nnil Philippine Islands 90.6British East Indies 1,231.4Australia 46,3Othar coDDtries 807.5

-Years ended December 31,

1874.Yards110.5

119.3

72.749.1

85 8400.23;i.7

46.4105.4851.2178.8VMM413.760.4

1,28.3.6

46.8230.0

1873.

Yards.106.8

108.270.1

56.8101.3513.943.642.5109.5251.01.59.1

1608373.827.9

1,110.146.4189.4

1872.Yards.i:*).3

106.472.559.087.9

518.148.1

41.3132.92.)2.B

1P6.0188.0430.531.1991.1

45.9

1S2.8

1«Yards.

ior.488.057.2

45.488.5

471.242.582.5

12:1.8

210.8109.0

100.7506.4419

1,022.7;i2.6

10U.3

1876.

To— lb.

Germany and tlolland 76.1

lialy and Austria 28.6Turkey 15.9

China and Houg Kong 29.4British East Indies 32.6Other countries 88,0

-Tesra entUd necember SI,-

1874. 1873. ISn.it>. t>. n.77.5 83.6 »i.626.7 27.8 80.819.2 2n.9 88.522.4 18.2 gi.a88.1 K.a UA86.7 80.0 86.6

Total 215.5Total value £ lai

220.014.6

814.71.5.9

8:i.«16.7

1871.

ft.

85.3

!».«W.8l».l

84.8iS.l

lin.5

18.

A comparative statement of the movements of cotton in Ruropeand the United SUtes for the years 1875, 1874, 1873, and 18G0:

Yearly Totals, in Thou-sands of bales.

1875. 1874. 1873.

GrcatBrltain 3,tl6 3,221 3,181

-Deliveries for Consumption.-

Countries.

Franco 607 6'9 520Holland 205 183 180Belgium 178 134 189

Germany 388 472 440Trieste 119 116 I:W(ienoa 73 65 72Spain (Barcelona only). 192 193 172liussla, &c.* .. 6.54 6)7 409

1S60.

2.63302111764

.3117

7778106

3M

Weekly Averages, In187.5. 1874. 18T3.

6I,»'<0 «1,2;«)

11,.327 10,1158,519s,.5rr

2,2:11

1.2503 711

12,250

59.9 '4

11,6733.1M23,4247,46i

i,na1,4043,092

12,.577

3,4632,4818,4612,5001,8'!4

3,8089,019

bales.1860.

60,08311,9422,260],8St6,804

1,4881,?86*,oau6,211

Total for Europe.. 5,561 6,612 5,.3a8 4,321 106.948 I07,92i 101,961 88,077United States 1,190 1,313 1,201 978 82,s(<4 85,250 23,090 18,80Si

Total Europe & Am.. 6,761 6,925 6,5;3 .5,899 189,826 1.}3,1?2 125,057 101,885.

^Deliveries for Consumption,^ St<x;k in the Ports"Yearly Totals in MillioiiH of December 81,

Countries.

Great Britain1875.

.1,230.3

. 2)2.3. 77.9

. 67.4

. 148.6

. 58.1

. 27.7. -67.2

. 256.0

ponnds.1874. 1873.

I,2b4.0 1,213.2289 7 20.M71.3 6:t.3

47.6 4.-1.6

174.6 168.44.5.8 50.381.5 26.765.0 .59.11

848.0 109.8

1860.

1,126.9

809.748.3ao.5

187.1

31.731.0

464137.1

inTho18J5.

6732!)8

6012483

648

usandsof balesw1874. 1873. isao.780 778 695li6 95 106

Holland 71 id 886 12 288 43 SO

Trieste 8 8 10

GenoaSpain (Barceloni only)

.

Russia, &c.*

8 11 868 19 fO

To'jil for Europe 2,175.5 2,171.8 2,0.!1.4 1,»H.7 1,048 1,084 1,051 782United States .582.4 .516.4 528.4 485.2 803 801 732 629

Total Europe & Amer.2,097.9 8,718.8 2..559.8 2,279.9 1,850 1,945 1,783 1,411

* The flgures relating to Russia are exchfive of cotton received fromBokhara. The 654,000 bales include 68,000 bales to Venice, Naples, Ac, and24,000.to Lisbon, Malaga, &c.

An estimate of the weight and value of the total prmluotion ofcotton manufactures in Great Britain, with tlie cost of cotton-

consumed, and the balance remaining for wages, all otherexpenses, interest of capital and profits for each of the past four •

years

:

1678. 1873. 1874. 1875.lb. lb. lb. B).

Cotton consumed 1,175,345 0110 l,a'0.150,000 l,2ri6,189.0'0 1 ,23n,388,f00

'

Less waste in spinnins 134.965.000 163,230,000 I45,«O4,03fl 141,498,0lO-

Yam produced 1,040,380,000 1,017,920.000 1,120.52.5,000 1,088890,000'

Exported in yarn 211,940,0(0 814,687,000 220,599,000 215,490.0001E.Kported in piece ffoods,apparel <fcc 693,810,000 688,23.3,000 V20,0'»,000 71:),000,00O)

Retained for home consump-tion aud stock 129,600.000 175,000,000 173,'26,000 160,400.0001

Total as above 1,040,350,000 1,057,920,OOJ 1,120,525,(M0 l,088,89O,0Oi»Declared value of Yam ex- £ £ £ £

porteil 16,710,0«) 15,8-i6.300 14 516,090 l»,J7tf,0CODeclared value of piece goods

apparel. &c., exported .... 69,900,003 68,135,700 65,934,«!0 63,905,000Estimated va'ue of home con-sumption, &c. 1.5,660,000 23,003,000 atX110,000 18,312,000

Total value of goods pro-duced 102,870000 104.61t000 10O.560,.53O 9.5.447.000

Cost of cotton consumed.... 48,tt54,000 45,141,000 40,225,900 36,528,000

Balance left for wages, otherexpenses, interest of capi-tal and profits .54,216,000 59,171,000 00,334,020 58,921,000

The weight of yarns and goods produced, the quantities ex-ported and consumed at home, and the slock ou hand at the closeof each year:

1872. 1873. 1874. 1875.lb. lb. lb. tt>.

stock on hand .January 1.... 40,815,000 24,875,000 39,873,000 .39,801,000Yarn and manufactures pro-duced l,04O,.581,n0O 1,017,920.000 1,120,555,000 1,088,890,000

Total supply 1,080,655,C03 1,102,795,000 1,160,400,000 1,188.691,000

Yarns and goods exported.. 910,780,000 90J,92U,C00 946,599,000 929,490,000Estimated actual home con-sumption. 145,000,000 160,000,000 174,030,000 105,000,000

„ ToUl 8,669.9 8,603.3 3,482.7 8,535.1 3,410.9TotaJvulue £ 53.5 55.0 56.5 68,9 53.0

Total deliveries 1,055,780,000 1,062,920,000 1,120,599,000 1,091,490,000

Stock on hand December .31. 24,875,000 .39,876,000 39,801,000 34,801,00Stock of coltim held by the

trade, Dec 31..... 57,320,030 52,184,000 50,498,000 53,678,000Stock of cotton in the ports,December 31 .. . 2W,207,000 2S3,405,rOO 299,036,000 272,234.000

Estimated total weight ofyams, goods and cot-ton, Dec. 31 307,402,000 37.5,464,000 889,8.35,000 360,103,000

Gunny Bags, Bagging, &c.—During the past week the mar-ket for bagging has ruled very (juiet, and no sales of any conse-quence have been consummated. Prices are nominally quoted at

13@13ic. At the close there are rumors of a sale of 2,500 rolls,

but we cannot vouch for its correctness. Bales are quiet andnominal at 9(a9ic. lor India, and 12J@12}c. for Borneo. Bagsneglected and quoted at ISJc. for 440s. Butts have coiue to handin sufficient parcels to fully supply the wants of buyers, andorders are scarce at the moment. Sales here and in Boston for

the week are 3,500 bales at 3i@3ic., cash and time, and at tlie

close holders are asking these figures.

188 IHE CHRONICLE iFebruaiy 19, 1876.

Liverpool, Feb. 18—3;00 P. M.—By Caulb fhom LivKn-

pooii.— Estimated sales of tlie day were 8,000 bales, of which

1,500 bales were for export and speculation. Of to-day's sales

4,700 bales were 4.merican. The weekly movement is given as

tollows :

Jan. SR.

Sales of the week bales. 64.000

Sales American 40,0C0

Forwarded 21.000

of which exporters took 5,000

of whlcli Bpecalatore took 0,000

Toul stock roa.ooo

of which American . 356,000

Total Import of the week 101.000

of which American 69.000

Actual export .. ',000

Amountalloat 393,000

of which American 312.000

Sales American

Tlie foilowins table will show the daily closing prices of cotton for the week

:

Spot. Satnr. Mon. Tnes. Wednes. Thura. Fri.

Mid. Upl'ds. ..m Mli • (ae 7-16 ..m I-K . &6H •1» 5-i«

do Orl'ns. ..@6Ji ..©'Ji ..@6X ..@6« ..m»HFutures.

Feb. 4.

49,000

isiiido

5,0004,000

74:i,000

3<)0,000

104,000l.'i.OOO

6,0003S6.00O301,010

Feb. 11.

55,000

M^OOOn,OUO5.000

193,00043J.0O0131,00087,0005,000

318,000205 000

Feb. 1857,000

ah'.ooo

(i.030

5,000Sli.OOO431,0001-JiOOO98,0004,000

3:!i.000

;.' 17.000

83,000

15-10..@li«

SATCRDiY.— ^pril-Mav aelivcry from Sav. or Clm9.,Low Mid. clnase, 6 t,;3S.

Jan -Feb. alipment from si.iv. or Chas.. Low Mid. clause, by oail, 6 l3-«'i;

MONPAT.—January shipment from Sav. or Chas., Low Mid. clause, by sail, If

required. 6 15-3;d. ^ ,„, , .,,.„«,February delivery from Sav. or Chas., Low Mid. clause, b ll-32d.

May-June delivery from Sav. or Chas, Low Mid. clause, B 17-3Jd.

TuisDAT.—February delive-y f om Sav. cr Chas.. Low Mid. clause, 6 S-l'id.

M iv-Tune delivery from Sav. or Chas.. Low Mid. clausi;. 6Xd.June-July d.Hlivery from Sav. or Chas.. Low Mid. clause. 6 9-16d.

Jan.-Feb. shipment from Sav. or Chas., Low Mid. clause, by sail, if

required. C 7-16d. „. , , „»,^iApril-May delivery from Sav. or Chas., Low Mid. clause. 8 7-16d.

Wbdubsdat.—May-June delivery from Sav. or Chas., Low Mid. clause, 6 7-16d.

June-July deliverv from Sav. or Chas., Low Mid. clause, 6 17-35d.

Feb.-March delivery from Sav. or Cnas., Low Mid. clause, 6Jfd.

June-July delivery from Sav. or Chas., Low Mid. clanse, 6! Jd.

July-August delivery from Sav. or Chas., Low Mid. clause, 6 9-lCd.

March-April shipment from Sav. or Clias, Low Mid. cbnse, by sail,

if required, 6Xd. , , ,,,,Thursday.— May-June Uplands delivery. Low Mid. clause, b%iX.

June-July Uplands delivery. Lew Mid. clause. 6 7-16d.

.lannary Uplands shipment, 6 3-16d.

January Uplands shipment, Low Mid. clause, by sail, 6 9-32d.

January shipment from Mobile, Low Mid. clause, by sail. 6 ll-32d.

Feb.-March Uplands delivery from Savannah, Low MJd. clause, 6 5-3id.

March-April delivery, 6 7-3S!d.

Jnne-July delivery, 6 13 82d.

March-April Uplands delivery, Low Mid. clause, 6 S-16d.

May-June Uplands delivery, Low Mid. clause, 6 ll-3Jd.

FaroAY.—January Uplands shipment. Low Mid. clause, by sail, 6K<I-March-April Uplands delivery. Low Mid. clause. 6>id.

May-June Upands delivery. Low Mid. clause, 6 ll-3Sd.

January—Up'ands shipment, 6>kd.April-May delivery,' Low Mid. clause, 6JK'd.

May-June delivery, Low Mid. clause, 6 5 16d.

June-July delivery , Low Mid. clause, 6\&.Jan.-Feb. Uplands shipment. Low Mid. clause, by sail, 6 .3-101.

Feb. Uplands delivery. Low Mid clause, 6 l-16cl.

April-May Uplands delivery, Low Mid. clause, 6 3 IQd.

Feb.-March Uplands shipment, L iwMid. clause, by sail, 6)id.

The Extorts of Cotton from New York, this week, show a

decrease, as compared with last week, the total reaching 5,080

bales, against 9,7i^0 bales last week. Below we give our usual

table showing the exports of cotton from New York, and their

direction, for each of the last four weeks; also the total exports

and direction since Sept. 1, 1875; and in the last coluiun tlve total

for the same period of the previous year.

Bzporta of Cottontbales) from 'Sew VorU since Sept. 1 , 1 8TS

SlliPi'iNO Nkws.—The exports of cotton from the UnitedStates the past week, as per latest mail returns, have reached

137,634 bales. So far as the Southern ports are concerned, those

are tlio same exports reported by telegraph, and published. in

The Chronicle last Friday. With regard to New York, weinclude the manifests of all vessels cleared up to Wednesdaynight of this week. Total bales.New York—To Liverpool, per steamers City of Montreal, 1,77J.... Col-

tic, 9,r,61.... Calabria, 661.... Colombo, via Hull, 96 4,583

To Hull, per steamer Colombo, 100 105JTo Hamburg, par steamer Wieland, 397 397 T

New Oklban;!—to Liverpool, per steamer Texas, 5,013— per shinsAndiew Lovitt, 2.831... Lake Michigan, 2,807. ...Zealandia, 3,105

..Duurobin, 4,60.. .Mugnnlin. 8,43o per barks Vlri;en delCarmen, 2.l2n....Vesnvlo, 1.553.... David .Halcomson, 3,77ti a9,28!i

To flork. per ship Bonanza. 3,708 3,'i08i

To Havre, per ship Oen. Shepley, 3.340 per barks. Ruby. 2 914..

.

Embla, 1,761 Karsten Langaard, 1,95U per schr. GeorgettaLaurence, 1.1S4 11,188

To Bremen, per ships Uhland. 2,701 Constantia, 3,570... per barkAus ralia. 1,041 7.31->

To Antwerp, per barks Ergo, 1882 ...Ocean, 1.413 3,2S;

To Barcelona, per bark Maypf, 1,2!0 1,82

To Geuoa, per bark Proserpina, 2,192 %,iV.

Mobile—To Liverpool, per steamer Australian, 6,169— pej ships RoyalDane, 4.933 .. Ironsides. 4.4 I

To Havre, per bark West Derby. S.tiOl ...per brig Osse •, 1,240

To Amsterdam, per ship ,Tane Fisp^ 4,900 4,1

To Rega. per brig Atlantic. 910 I

To Barccio a. per steamer Rita, .',803 X,i

Chablkston—To Havre, per bark Bnlgin, 1.370 Upland . 1,

To Am^tei-dam, per bark Agnes, 2,640 Upland 8,6'

To Gottenbnrg, per brig Bravo, 912 Upland(ft:

Toaport in the Mediterranean, per bark Lalia, 1,340 Upland 1,3H

Savannah—To Liverpool, per barks Queen Victoria. 2,26') Upland.Lare. 3,168 Upland and 69 Sea Island 5,'

To Hull, per steamer KoUi, 4,780 Upland 4,7i

To Cork or Falmouth for orders, per bark Kite Crosb.v, 2,650 Upland 2,ft

To Bremen, per steamer Berlin. 5.010 Up andTo Barcelona, per bri.^s Ana, 21)0 upland Josef.i. 350 upland. ..

TitXAS—To Liverpool, per steamer San Marcos, 1.527. ..per sbi,) .\r-

zi!la, 3,143 per bark Pallas, 959 ...per bri^ Kdna .M. G.e^'u y.

ToFieetwood, per barks Milton. 1.374 Poinoni. i.l9l

To Cork or Falmouth for orders, per bark Amal, !.4JJ ..

To Amsterdam, per bark Bieistadt. 1,730

Wn.MiN(;T0N—To Liverpool, p t bark Juno, 1.189

Norfolk—To Liverpool, per ship Kate Prince, 4.481

To Cork or Falmouth for orders, per hark Mist otoe. .3. 1'JT

Baltimore—To '*remen, per steamer Nurnberg, 10 >

PmLADELpniA—To Antwerp, per steamer Nederland, 362

Total H7,e

The particulars of these shipments, arrang-?d in our usual formj

are as follows

:

Bre- .-^mster- .\nt Barce-Cork. Havre, men. dam. werp.

WEEK ENDINGTotalto

date.

Sameperiod

XPORTBD TOJan.26.

Feh.2.

Feb.9.

9,695

Feb.16.

prev'usyear.

14,948 9,5-)9 4,581100

241,7191,644

194,187

other British Ports

Total to Gt. Britain 14,948 9,59D 9,625

5...

4,083 246,263

1,765

194,187

4,022

Other French ports

total Frencli

Bremen and Hanover 60051250

6749

463

5

100'397

1,765

19,6598.334

12,4 18

4,022

11,51314,735

Other po'rtB 1,750

Total to N. Europe.

Bpain,Oporto& Qibraltar&cAllothers

901

"59

569 100 397 40,301

4C9

27,998

10

Total Spain, See 59

15,908 5,fi80

409 10

Grand Total 10,168 9,730 288,738 236,217

The following are the receipts of cotton at New York, Boston,

Philadelphia and Baltimore for the last week, and since Sept. 1, '75

HKW YORK. jBO8TOK. PHILADELP'IA BALTIMORE.

This Since 1 This Since This 1 Since This Since

week. Sept. 1. week. Sept.l. week. SepU.

130

week. Septl

New Orleans.. 4,310 86,899 1,150 7,263

Texas 73:1

2.097

67,246 3,829I6.7.12 '126 12^731 '281 10',5.56Savannah 68,269 617

Mobile 1,592

Florida 135 6,686 ...

8'th Carolina 1,156 71,279 1,316 .... 1.52 8,918

N'th Carolina. 1,084 38,249 .... 731 17,148

VirginiaNorth'rn Ports

8,027 153,240 1,026 43,880 1,073 46,249

314 6,8(0 1,938 55,788

Tennessee, &r 9,325 135,780 2,260 48,643 1,909 28,157 2! 9 4,126

Foreign 1,500 4

176,952 8,495

2,532

86,986VoUl this year 81,171 623,943

554,425

6,9S1 1,435 36,018

Totallast year. 17.780 1 9,381 184,771 2,464 39,958 86,705

.5.<iia

0.51

6,7

2.5'«1l.tOJ

1.731

I.I-'9

4.4-»l

3.001ll»

iviver-

pool.

New York 4,583

New OrUans 29,289Mobile 15,465CharlestonSavannah 6,497Texas 6,776Wilmi^igton 1,189

Norfolk 4,484BaltimorePhiladelphia

Hull.100

3,708 11,188 7,312

3,840 ....

8,650

1,400

3,657

1,370

5,040

4,9002,li40

r,730

100

3,295

Total 67,aa3 4,830 10,763 16,398 12,452 9,270 3,657 4,570 137,624

Included in the above totals are, from New York 397 bales to Hamburg ; from

New Orleans, 2,1'.)2 bales to Genoa; from Mobile, 940 bales toRega; fromCharleston, 912 bale< to Gattenburg and 1,340 bales to a port in the Mediter-

ranean ; from Texas, 2,563 bales to Fleetwood.

Below we give all news received to date of disasters, &c., ti

vessels carrying cotton from United States ports :

ST4TE or Nevada, steamer (Br.), from New York, before reported in collision

at Antwerp, had rudder twisted, rudder port bent, and foot of propeller

frame broken.Progress, ship (1.619 tans, owned by Snow & Burgess, New York), Stevens,

from Galveston Jan. 6 for Liverpool, was abandoned at Sea Feb. 7. Thecaptain and crew arrived at Halifax on the llth. in schr. Esqui-

maux, from Gloucester for Halifax. Capt. Stevens reports : Feb. 1. gales

com nencnd anl continued to the 6th. causing the ship to spring a leak,

and had from six to ten feet of water in the hold ; determined to makefor the nearest nort; but owing to the gales and cold was obliged to run

south until the Esquimaux hove in sight and rescued us, in Ion. 59 30,

lat. 42 41. When abanloned. the ship was unmanageable. Eight of the

crew were sent to tlie hospital at Halifax, being badly frost-bitten before

leaving the vessel. The cargo consisted of 4,716 bales cotton, valued at

Ji297,0.8. and some beef. The loss all told will foot up some $350,000.

Steamer Geo ^hattnck left Halifax on the 12th to search for the wreck,

as also a steamer from Cape Breton for the same purpose.

D. H. Bills, bark. Penny, from New OrleansUor Havre, which put into Ke;^

West, Dec. 8, in distress, having completed repairs,salled for destination'

Feb. 10.

Enterprise II.. bark (Dutch), from New Orleans for Havre, ashore on Colo-

rado, had discharged 750 bales cotton Jan. 14, and the discharging was still

goingou.Habby L. Whitton, brig. Rich, from Mobile for Barcelona, put into Norfolk

Feb. 14, leaking.

Cotton freights the past week Iiave been as follows :

1

Liverpool.

^

, ,—HavreSteam. Sail. Steam. Kail.

d. d. c. c.

Saturday. .

.

..@5-16 ..@« ..©« ..

Monday. . .

.

. ©5-16 ..®« ..®?< .

Tuesday... ..(a5-16 ..©« ..@% ..

Wednesday ..@5-16 ..©« ®Ti ..

Tliursday.. ..@5-16 ..@V ..©« ..

Friday. ... ..@5-10 ..®X &% ..

Market nominal.

—Bremen. <^-Hamburg.^Steam. Sail. 3team. Sail

c. c. c. c.

1 comp. 11-16 1 somp. .

1 comp. 11-16 1 comp. ..

1 comp. 11-16 1 comp. ..

1 comp. 11-16 1 comp. .

.

1 comp. 11-16 1 comp. ..

1 comp. 11-16 1 comp. ..

BREAD STUFFS.FRIDAY, P. M., Febniary 18, 1876,

The flour market has weakened somewhat in the medium

grades, and at a slight concession in the common shipping extras

from spring wheat, there was a good business for export, several

thousand bbls going off at |5 10@5 35, the higher price for

favorite brands, delivered. In other grades business has been

I

February 19, 1876.] THE CHRONICLR 189

moderate. Some of tlia clioice family flours liftTe become scarce.

There is a large supply of unsound extras from winter wheat,

and they have noId in the range of $4 60@li 50. Rye flour and

com meal are without new feature. Today there was a fair

bnsinese for export, but at rather easier prices.

The wheat market has been duli, and prices of spring growths

have receded 2c.@3c. p«r bushel. Shippers have been embar-

rassed by a scarcity and higher rates for ocean freights ; and a

ubsidence of speculation at the West has contributed to the re-

action. Receipts continue moderate at all points, and stocks are

lomewbat reduced. On Wednesday bids for No. 2 Milwaukeewere reduced to $1 33@$1 33} in store, and there were sellers at

|1 34. Yesterday, fair No. 1 spring sold at |1 31 in store ; choice

old No. 3 Milwaukae at |1 39 in store. Winter wheats have re-

mained steady. To-day, the market was dull ; a load of No. 3

Milwaukee sold at f 1 35 afloat.

Indian corn has not varied to any great extent, and yet hnalatterly shown some depression under increased receipts at theWestern markets, dull foreign advices and higher ocean freights.

Prime new mixed receded to 63@63ic., spot and early delivery,

while other grades have been somewhat nominal. New Southernhas been in fair supply, at 63(a64c. Towards the close therewas some recovery of tone. To-day, there were buyers of primenew mixed at 64c. on the spot, and 63}c. for March.Rye has remained dull and nearly nominal. Barley has been

inactive, and the poor qualities are lower. Canada peas are dulland unsettled. Outs have sold at a wide range of prices, butchoice qualities have brought very full prices, with a slight ad-vance in some cases. The demand has not been active, however.The following are closing quotations :

FI.0UB.No.»anperfine State &, 'Vfeil„""' 4 85a 4 65Bitra State, Ac S 00© 5 85Western Spring Whealextras 4 gog 5 andoXXandXXX 5 50^8 75do winter wheat X and

,^ XX 5 -25(3 8 75Oity shipping extras.. .. 5 40(9 8 10City trade and familybrandd 6 25a 8 00

Sonthern bakers' and fa-mily orar.da 7 00^8 75

southern nhipp'g extras.

.

5 .V)(a 6 75Rye flour supcrUne 4 65a 4 90Cornmeal—Western, <fcc. 2 ".i.'a 3 15Corn meal—Br"wine. Ac. 3 -lOQ 3 50

^t, 1Ukain.

» bbl. is 25a 4 00 Wheat-No.8sprlng,bush.«l o&a 1 18^"'- ' ^o.Ssprlng 11183 186No. 1 spring .. 1 30® 1 .wRed Western 1 lo® 1 30Amber do 1 Sad j 47White 1 40® 1 55

Corn-Western mixed... 68«a 70Yellow Western 63ia 71Southern new 60® 65

Kye 85® 90Oats—Mixed 45® 50„White 49® 53Barley—Canada West... 1 10® 1 80

State, 8-rowed 7.')® 90State. 4-rowed ®

Barley Malt—State . ... 1 COa 125Canadian 1 2£® ! 40

Peas-Canada,hond&free 1 00® 1 20

The movement in breadstuSsat this market has been as fol-lows :

. RECEIPTS AT NEW YOBK.—. 1876. ,

For the Since Sinceweek. .Jan. 1. Jan. 1. '75.

52,969 543,451 492,5154,755 iJMl 28,957

Wheat, bus. 13,5,5i0 1,451,921 747,4)9Corn, "

. 201,98> 1,904,481 8,498,815Rye, " . 1,.354 21,098 6,000Barley. "

. 39,334 744.781 217,4.56Oatt ..." . 158,3<I0 766,300 799,S69

EXPORTS VROM NEW TORS. .

Flour, bbls.C. meal.

1876.For the Sinceweek. Jan. 1.

38,122 874,8803,658 20,224

809,855 2,05:j,292

141,114 1,909,03916,387

6430 4U787

-1875.

For the Sinceweek.27,5771,314

72,284346,079

240

Jan. 1

840,423!3.dl6

1,553,4M2,061,133

"96

12,745

The following tables show the Grain in sight and the move-ment of Breadstuff's to the latest mail dates:

BBnmPTS \T LAKE AND KIVBR PORTS FOR THE WKKK RNDINGFEB 13, 1876, AND PROM AUGUST 1, 1875, TO FEB. 13, 1876 :

Ploar, Wheat, Com,bbis. bash. bash.

(!96 lbs.) (60 lbs.) (581b?.)187,753 560,!f;0 158,467 67,710 8.216226,l(i5 17,770 20,110 53,700 3,18667,331 804,914 16,09861,573 9,882 15,96* 14,771li.SbO 7,600 12,760 .3,B0O64,568 330,267 96,082 14,176 2,64115,480 120,000 107,800 85,400 83,945

At—Chicago. 23,84}Milwaukee 89,981Toledo

ig.'j

Detroit 8,071Cleveland 8,386St. Louis 18,626Peoria 1 975DnlBth

Oats, Barley, Rye,bash. bush. bush'

(.3-J lbs ) (48 Ihs.) (56 lbs.)

TotalPrevious weekCorresp'ng week, '75."

'74.

'73."18

" "'l-ToUl Aug. 1 todate .

same time 1874-5Same time 1878-4Same time 1872-3.

88.41876,23157,159126 81781,15753,S53

71,369.2,720,90 -1

.3,051,817

,3,515,6 5

.8,991,715

634,8i3599,9.37

449,849l,:ja0,0H4

703,058l'J3,385

3.37,762

42,^18i,036

39.675,4n458,454,69432,221,210

1,'251,403

97;.42.)

587,1.34

994.0671, 181,938886,3266-1,366

85,7.54.!)iH

24,521,08331,445,135

33,263,566

421,261279,821

379,048372.026472,488258,775228,681

lH,n25,.592

1.3.596,1h9

14,8.30,187

13,098,039

179.357 37.928234,604 23 50041,743 7,229

178,248 46,658195,591 44,4126T,610 30. 17 3

41,.396 43.4285.61.\373 :,413,.V^2

4,901,360 &i7,Ha95,868,4.32 1,3(3,3807,173,949 1,249,790

Shipments of Flour and Grain from the ports of Chicago,Milwaukee, Toledo, Detroit, Cleveland, St. Louis, Peoria andUuluth for the week ended Feb. 13, and from Jan. 1 to Feb 13Indnsive, for four years :

Week- bblH.Feb. 12, 1876 81,4.54Feb.5, 1876 77.734Cor. week '75 Ii0,699Cor. week '74 101.860Cor.week'73 74 615Cor. week '72 60411for. week '71 49,105Jan. 1 to Feb. 5, 1876. 18 .',211same time 1875 4C6,4148«itiB time 1874 760,313h»me time 1873 519,603

Wh-at,bush.275,793307,376287,816462, 10713i,045

44,92144.821

'..658,260

1,469,5)7

4,939,393

841,888

Corn,bush.561.722543,356477,3.'J3

164,5094'*5.324

488,455354,483

4.011,4.32

2,793,6901,492,266

1,U4,:3«

Oats,bush.189,598132, Ift'*

187,717142,6n146,88410!,29045,810

9.34,228

1,018.4

«

1,168.865

1,183,944

Barley,bash.59,68747,893

35,78894,87068,1048'<,471

12,940.384.539

:t;8,!i20

5t^0,B87

423,882

Rye,bush.11,927ll,3i5

7,13712.013

1.1.877

11,953

6,73883,58797,29890.563

48,483

RIBOIUFTB OF rLOOR AND ORAIM AT SBABOAKD POBTe FOR THBWEEK ENDED FEB. 13, 187B.

Floor. Wheat, Com, Oats, Barley, Bye,At— bbls. bosh. biub. bash. husb. baab

NewYork 47,888 Ul.TlO 175,449 190,7SO t,*M 8.15

Boston 17,671 8,83i 44,710 4*,7M 17,100 400PorUand 8,676 tO.OOO 3,500 1,000Moulreal 5,4'4 86,600 400 .... ?,n00Philadelphia 15,540 M,800 85(1,400 3i,«00 4U.500 tU)Baltimore 15,806 85,8(10 478,900 4,000NewOrleani 11,996 .... 86,021 89,168

ToUl 122.850 863,648 1,188.880 til.ogo 7K,000 1,785Prevlonaweek 133.534 198,078 l,.38il,10!i 177,289 IM,a«M 7317Cor. week '75 132,553 831,441 1,040,688 tai.iTi 45.31S 8.818Toul Jan. 1 todate.l,1v7,'!73 1.96v,9^4 8.874,887 1,4.^7,48>> 8*8,810 40,773Sametlmel875 1,001,400 1,761.703 7,3»7,674 1,630,927 888,8'0 V5,«I0Same time 1874 1, '84.368 5,001,081 4,376,706 8,179,634 312,988 168,848Same time I«78 820,431 1,197,110 3,596,851 2,0«7,98i 582,3511 U,I!MAnd 17,800 bush, peas at Montreal.

Thb Visible HnrPLT of Grain, comprising the slock In

granary at t).o principal points of accumulation at lake andseaboard ports, in transit by rail, and frozen in on the New Yorkcanals and on the lakes, Feb. 13, 1876

:

Wheat, Com, Oats, Barley, Rye,hash. bash. bash. bash. bush.

In store at New York 5,157,463 908,818 855,618 477,788 88,857[n store at Albany 7,.:00 .... 91.000 3l<8,0a0 30,400[n store at Buffalo I..389,62S 83,967 86,011 180.678 8I.971(n store at Chicago 8,953,861 1,618,745 498.830 489,870 140,787In store at Milwaukee 8,90^878 85,487 113,378 165,778 18,007[n store at Ouluth 78,858(n store lit Toledo 496,563 878,975 343,530 88,757[n store at Detroit 190,906 16,696 85.868 88,670[n store at Oswego • 210,000 50,000 80.000 5,0(X) 4,000In store at St. Louis 433.909 625,»<98 117,710 182,:99 19,000tn store at Peoria 10,879 26,317 88,977 9,496 77,l>87

[n store at Boston.... 865 50,594 212,882 48,689 85*In store at Toronto 597,939 1.100 5.750 179,908 1,316In store at Montreal 347,867 86,516 15,950 6,541In store at Philadelphia ... ..

In store at Uiiltimorc 48,800 67!:,850 810,000 30,000 5,000Rail shipments week 375,793 564,783 189,592 59.687 11,937On lakes and canals 565,544 130,000 180,000 50,000Afloat at New York 400,000 .... ... 150.000

Total : .16,891.159 4,510.683 8,987,.V)2 2,233,81)3 418.464Feb.5. 1876 17,319,181 4,716,143 3,038,803 2,198,112 418,471»

Feb. 13, 1875 18,886,967 6,439,983 8,338,134 1,663,619 169,880

• Estimated.

THE DRY aOODS TRADE.Fbidat, p. M.. Feb. 18, 1876.

There has been comparatively little improvement in the trade

this week, which is in a measure owinp; to unlavorable weather,

which has retarded operations on the part of wholesale buyer*.

A steady demand for moderate parcels of the most staple fabrics

is, however, apparent, and dress goods, worsted shawls and cot-

ton hosiery have been more active in first hands. Foreign goods

are dull and unsettled by important public sales of many descrip-

tions of imported merchandise. The feature of the week was a

large auction sale of 800 cases linen goods and white goods of the

importation of Messrs. George Hughes & Co., which attracted a

very large company of buyers, and the linen goods were dis-

tributed at very good prices. The suspension was announced of

Messrs. Harris, Richmond & Shafer, importers and jobbers of

tailors' trimmings, but arrangements are said to be in progress

which will enable the firm to continue in business. The jobbing

trade was a trifle more active, but complaints of the backward-

ness of the spring business were frequently heard.

Domestic Cotton Goods.—There has been a steady althongh

moderate demand for staple gSods of all seasonable descriptions

by Western and Southwestern jobbers, and some fair parcels of

brown sheetings, drills and denims have been taken for the Cana-

dian and European markets. The export of cotton goods from

this port footed up 690 packages—333 packages of which were

sent to Liverpool, 133 to Smyrna and 97 to Mexico. Brown sheet-

ings and drills were in steady request and firm in agents' hands,

but bleached shirtings continued quiet, and Lonsdale, Blackstone,

Hope, Masonville and a few other less known makes were reduced

^c. per yard, without materially increasing their distribntioo.

Tickings, denims and cheviots were in rather better demand, but

sales were individually light, and dyed ducks, checks and stripes

continued quiet. Corset jeans and satteens moved steadily, and

the light supply has given firmness to prices. Rolled jacconets

and cambrics lacked animation, and there was no movement of

importance in grain bags, warps, yarns or twines. Cottonades

were decidedly more active, but. selection n were chiefiy restricted

to the best makes. Print cloths were dull and nominally un-

changed, at 4|c. for extra 64x64 makes, on 30 days' credit, although

some cash sales were reported at 4c. Prints remained quiet andhave accumulated to some extent in first hands, as is the case

with shirting styles. Plaid cotton dress goods were in brisk de-

mand, and leading styles, such as those produced by the Bates,

Renfrew, Palmer, York, Carleton and other mills, are sold up to

receipts. Cotton hosiery oontinued active and firm at opening

rates.

190 THE CHRONICLE. [Febraaiy 19, 1876,^Domestic Woolen Goods.—The demand for men's wear

woolens has been sluggish and disappointing to holdera. The

larger clotliicrs have been operating sparingly in sprin?;

fabrics, and unusual caution has been abserved by clot'i jobbers

iu making their selections. Cassimeres were in irregular deinaud

and, while the better grades were taken in fair amounts, low and

medium qualities were almost neglected. Worsted coatin;js of

the best makes alone were fairly active and steady in price,

Kentucky jeans were moved in considerable quantities by means

of price coiicesfions on certain styles, and satinets were ia limited

request. Cloths and doeskins were more inquired for, and

numerous small sales were efTected by leading agents. The

demand for overcoatings for next fall has been less active, and

few additional orders were placed by the clothing trade, most of

whom will probably carry over heavy stocks on account of the

mild weather, which has seriously interrupted sales. Worsted

dress goods and shawls were in improved request.

Foreign Dry Goods.—Tliere has been a slow movement in

imported goods from first hands, but large sales of linen goods_

white goods, embroideries, silks, ribbons and millinery goods,

hosiery, &c., where fair avernge prices were realized. Staple

and fancy dress goods were in (air demand, but silks were leas

active. Damaskp, towelings, and a few oilier descriptions of

housekoeping linens, were rather more freely taken by jobbers,

but clothing and shining linens and handkerchiefs remained

quiet. Kibbons were in improved request at about last year's

prices. Woolen goods continued depressed in private hands andat auction. White goods and real laces moved slowly. Kidgloves were in steady demand and firm.

\Ve annex prices ol a few articles of domestic manufacture :

Colton BattR.18

I

Hanover 10 I Ilock Island .. 159 I

Logan 18 I Russian 1916

I

Jackson 20 I Standard 1223

IHonest Injnn IJX | Wyoming 1-3

Cotton Yarns.84

ISargeant Btol3.. 24 llXf, 6 to 12 24

•iiIFontonoy do 24 I XXX do 24

Imp»rtaUouii of Drr Gooclo.

The importations of dry goods at this port tor the week endingFeb. 17, 187(), and the corresponding weeks of 1875 and 18i4have been as follows :

INTKItEU FOU COHSHMrTION »0R TU* WEEK SNDlNe FEBKUABT 17, 18'6:

Siiporla of l^eaaiiiK Articlea (ruiu INew kork.The following table, compiled from Custom House reiurn?,

shows the exports of leading articles from the port of NewYork since Jan. 1, 187(5, to all the principal foreign countries,

and also tlie totals for the last week, and since Jan. 1. Thelart two lines show totai oaiucs, including the value of all other

articles besides those mentioned in the table.3)., w^^ orfj'^Mi-vci'rtioait-M — o^ — •*t-2;'2?'S2^Sr"S'^*3 "**

.2 — OOOTOW

5 ^ (^ X' ^ c» =^ • t^ i; S M >ra cc I- « —' c- = I- -t ^.o -3 ji x^a= » =:,

«4

i- 5|a. T.Zi •«' "*'

= — e o> -fj ST t-_ - o« 2 tn ad jc'-^os^'t^'

Slf^;;::;:::;IrvingGranger

Empres:! 6 to 13.

.

Pandleton do .

2^o

:3f$aSi:2SK3

§ ^g gjy

co9**5iio • • -o tS '^ -OS. ^ Pi ,-< .**• • O! ec^

, 1S7B ,

Pbc8 Value.],.361 $fi0.j,;C9

2.010 62!),:i39

l,-)Ot 8»,1061,8-5 3.39,918

7,06

)

a6!),691

. 1874 , , 1875 ,

PligB. Value. Pl:c«. Value.llanofactures of wool.... 1.447 $752,160 1,77J $923,853

do cotton. .2.178 71)7.224 2,195 (KM''"do Bilk 890 677.552 9J4 724,7t9

do nax 975 2."i7.777 836 3:33,359

Hiecellanoooadry goodB.8,494 226,786 1,1)23 224,263

Total 8,984 t2,6-H,493 6,752 12,774,379

WITHSKAWN FROU WABSHOUBB AHD TUKOWN INTO THB HABKST DDRINS TBSSAME period:

ManufaclurcBof wool.... 877 $890,906 1,.3C6

do cotton.. 8.52 238,013do Bilk 227 233,442

do flax 1,198 242,471MisccUaneouB dry gooda. 791 67,739

*5

n

V ano

a-

C> on -* -^^ I-

o

as

II

• no • .a

(« », •« -fi *H CO• CO '-C <o o

:S S

ITS S 9in^q

• 9Z ft tn Oi t~ i.' en"NT* -W —"KM?

9p

69472

7171,065

$473,631207,65573.111

l?i,:334

23,407

7,06) 360,691 1 S '^S

13,720 $3,664,763 I | *0

al

. J3 ^ IT,.

. ^ .- lO e* (- o w

543640115690801

$224,5^2180,700115,89613.3,757

43,691

Total 8,945 $1,167,672Addent'dforconsumpt'n 8,984 2.6J1,499

Total thrown ui'onm'k't. 12,929 $3,779,071 10,635 $3,724,449 16,414 $3,383,369

BNTBKED TOR WAREHOOSING DURING SAME PERIOD:

Manufactures of wool.... 927 $418„520do cotton.. 418 131.499

do sUk 112 151,353

do ttax.... 412 105,600

Mlacsilaneons dry goods. 3,584 26,345

Total 5,483 {836,367

iddent'dtorconsumKfii 8,981 2,621,499

801478202691141

$360,611144,69922!,187150,0,53

16,801

2,212 $8S4,3746,';5J 12,774,279

769611lt.7

6J33,148

5.3181.3,7i'0

$310,2551&3,01«196,.597

167,532

63,477

$920,8772,664,763

Total entered ai ILe port. 14,467 $3,457,866 8,964 $3,658,653 19,0.38 $3,585,610

*-< OD

Iteceipts or Ooinestlc Produce.The receipts of domestic produce since Jan. 1, 1876, and for the

time iu 1875, have been as follows :

Ashes pkgs.BreadstulTs—Flour bills.

Wheat bubh.CornDataRyeBarley and malt.Urags seed.bai's.

Beans tibis

Peas bu h.

C. meal ..-bbls.

Cotton...HempHides...Hops.. ..

L(;ather.Molasses....hhd 8

Molasses., bblsNaval Stores—

Cr. turp. . bbls.

Spirits lilt pen.BoeinTar

bales,.bales.

...No..bales.sidr'S.

SinceJan. 1, '76.

855

643,45!1.18I,9S1

1,904,-I21

766,30021.09.

744,78134,790:C,57i

351.627V6,641

160,80123

513,1571.4,4.<3

635,045

lUoio

3556 315

35,571

1,700

Sametime 1875

921

402,316718, lih

),4'18,R;6

799.2696,01)0

217,45626.0.38

9.47020,8 528.957

1 19,805

45814,174

3,621419,667

17,620

6'-l

6,477

69.2782,452

PitchOilcake pkgsOil, lard...,Peanuts. ..

Provisions-Butter .

.

Cheese...CutmeataEggs....Pork....

.Beef. .. .

LardLard

RiceStarchritearine...SugarSngarTallow... .

Tobacco .

Tobacco...Whiskey..Wool...

..bags

. .pkgs.

.kegs.

.pkg».

. bbls

.hhdapkga.

Ihhiis'

.bblsbales

SinceJan.1,'76.

Sametime 1875

Dreased Hogs . . No. I

80,37!462

14,397

13'i.l23

81,65891,93759,33437.567n.o;o75,5382,9667,^193

31.I'mii,0J5

37fi.680

.5,7i5

20.1817.464

18,.5.32'

9,0831

25,3281

31,103879

7,198

111,85521.8188-l,!.73

20,35940.6687,609

91.1401,189

2,37031,76:

3,41811.270

5.S692.71 S

17,861

2.8i727.731

4,523

39.975 \

M O.0Oso--

2 «

_2 0) .coo ••"!

Silk 2"^

g^ : : : :§»

'= S

:SS :pig ;%

'"' ' S»

SMCO ,3:

'"CSI B>

tb '-'

^rii ' '« Tf CO*" =*

\^,v; '-''"i.

rfi -<-«"'*«» or .— w?"i• eg .^r (c ^ cT c^* or cT t»' •-• 2

\%t

aXi SI%jo a

io

isla a :

\ '. '. I X 'm • '• "'• &.! '"^ \

00 m 00 S) »

ocaJSfitf

: !t< :

\^%-. S I - 2 "= r

:- is

|si lil^li lags ss:| III Kcantsif

it. BS.f-3\»S5

February 13, U76.] THE CHRONICLE. 1«1

UBNBRAIiI'UIOKS OLJltuENT.

P'll V 16. 5 O ....

Bl(K.AI>3T()PPS-geisapacl*lr«port.

BUTTBU-CWliok'Snlo rrlcoj)-R4lf nrkliifl(KflBt'ro coin tosel.V A. TJ <a :T9

WclBh tuhB, " u (^ 31H»lf (Irklns(WeM'il) in ft 25W«l«li tub« ' " Id a 23

C'lKKRK-NfV atat« factory, ftitr to f^ood.V ft 1IM9 13Woilorfi,g»jo»l to prune " y.S* 11

COAI<—Aottiraclto (by carKO) 5 llj 8 (JO

Liverpool t;af cannel U? rOd

ll\3li> alAJlV

1» Id

Liverpool house cannel 15 OUi 17 00UOFPKK-

ttio. ord. car. todays and ROUI. f) Ado fair, do KOld. "do Kood, do jEold. "do prime, do Kolrt. "

Java. mats and baxB Kold. '*

Native Oey ion «<old. "Maracalbo ffold. "Laguayra KOid •• w atBt. iioininKO Kold. ••

iri aSaviinllla eold. " 16 aOoeta Rica »olJ. " 17 aBolts If tb aShoathinflr.new (overia oz; .?u r$BraKlers'fover 16 ox.) i^American InKot. Lake 'ii^ii

COTTON—See special report.

aeorgo's and Gran I Bank cod.pcwt i W a 5 7SMackerel, .No.l, sbore (new) pr. bbi 2« ou a 2° wMackerel, No. 1, llav |8 nj SainMackerel, No. 'J, shore {n iw) H (jii a U m

1.')

\:^

IS

31

3i'

Mackerel, No. 2, Bay. . .

.

fLAX-North Klver.pnmo «» ib

FRUIT-ttalslns, aeeaiesB. new,i>er 50 lb. fraildo Layer, new4o Loose Muscatel, new....'.'.'..*do Sultana, new per'l'b'"lo Valencia, new.

IS a

2 85 a1.^ a

Cjr rants, new '.'.""7

Citron, Lejfhorr, new t\ »Prunes, Turkish 'ivS

6 002 eu

3 05

lOHa lox

do French, newOatep.now *

'*'

FliTB, newi:anton ainger

'"''i"r'a,i'

S.tdlnes.tlhl.box cor'SirdluM, or box " •Macaroni, ItalianOomeuic Dried—

A)|)ies, South, sliced, 1875 crop 'emdo Tenn.,fiuarterBdo Slate, sUci* 1

."'

do do quilrters ."."*

'10 Western, qu'irtcrs. .

1 t'ai-UeB. pared Wtistorn ado do Ga.Kooland prlimi..." ii'Sdo anpared. halvesandors nxa

Blackberries,new IJ aRiispberrleB. new 9? 2Cherries V, *pioms .;

.....!..'.".f: §

QUNN-lKH.-aoe report under Cotton.GUNPOWDEB—

8«a. . aII l»

..321 a•A a

ICX®

;o @'i.vam

21«5

u

II

i (10

22

14

lOX

lOH

16

12X

232U

. »2 .10

. 300

C!„|«8D*8TINO, FOB HArLKOADS, Ac.Soda, ai y size grain, In 25tt k vs

baltpetro do do.,, . . ., Bi-ORTiNo.K ectrlr No?. 1 to ^. ({raiii, in 1 » jq. cans. 1 noI'Ismond (train. In imcaiifl.

i- <-•"»1 "i

(iraiiBc ughtiiiug, N08. 1 to j.'m 'iffiia'.;;'.;:::;: «Siinerft h; fairlc8porllnf,ln IB, oval cans inAmerican sporting. In in. <,val cans ;oH'''"i''^K"™V"'f'/"«- 1 "> "• I" I" cans. :;"

70l>nck S^huotlng. N s. I U 5, in 65,11) kces 11 ijKajlo duck .iH.otlig, Nos.'l to 3. In «5 'li-kem '3 IIOrarge ducklnu. .Vos. ItoS.lneu B.kcgsKagle Muck snooting. No.. 1 to s**)"' - '"'

Shoot ng Kg. 6i<l»kcg8 , ,,I)up.;nf« rifle, FFt'. FFFg. i;«n> k"gi •> V>Hazard's Ke tucky rliln,''FFi'i. FFe ami's™„ShootlnKKg,r.'!,lbk|..s.... * ^' "''''™

, „2 63

Haz^Fri Kentucky" r'ile'.Vgt'FFg.'FFFirisii; *"

kegs . J "aDnpont' rifle In 25I(. kegs .... J ifHAY- .

'

'"'l"'"'''- WlOIItt 75 a 93HKMPANDJUTK-^S,l\\lll i;XB'','ed:-.;.-.-.-.'.-.'.^°.''- ',?S s i?};s S3

l',"„^r^S-''"'»«:::kok.^^o liSSB

!4anua'.'.'.'.'.'.'.'.'.::;;;:;.';::-i,ii .:^«"m |2-'5«2,

sisal i:"" ..J I !<

'vte tt 5^^ * •

Pig, American, No. I «) ton, 2S 00 aPig, American, f, 0.2 yt np S '"Pig, American. Forge I!". 20 00 a " "

Pig, BcotCB 29 50 ZiTiii

Bar,8wede8,ordlnarysUeB..«lton.l3o'oo ^lio'Cbsi,''"" 77 50 ai^J 50Hoop 82 50 Sl3^ VjBhPet, Rus^a.as toaBBort..gold'^'lh *:Kia ''12Sheet, single.double ft trchle.com. "4ua j%KalI«,Kngllsh goli!. In boBd.¥ ton. 3^ 00 a 36 00do American car. 4S 00 -Steel rails 65 00

MOLAS8K8—Cuba, centrl ruga] and mixed.v <ral.Cuba, clayed •Cobs, Mnn., refining grsdep., "

do do grocery grades. "BarhadocB <•

Demerara •Porto Rlno '..'.. "H. o.. om. to choice new.... "

NAVAi^ STORKS—Tar, WashingtonTar, WilmingtonPitch, city.. "Spirits turpentine ',

.'.'."

*f galBosln, Btrnlned to goodstrJ.» hhl." low No. 1 ti go-id No. 1 •'

" low No. 2tog(,o1 So. J "" low pile to extra pale.. "" wla(l«wgla I, ,,, "

a 48 00a 67 GO

...»hW. 2 12X» 2 11... a 2 25ioo a 2 i!v<

....» S6>41 653 (II

1 SO

5 503 lU

1 CO2 101 7S

3507(XI

7X«1SH«

UU.8—Cotton teed, crnde V >al. 92 OOlive, 111 casks* gall '•

1 20 aLinseed, casks and bills " GO aMenhaden, prlniflL. I. Soand " 41 ANoatsloot " S'l aWhale, bleached winter " 15 aWhale, Northern " 70 <^

Sperm, crude " 16! aSperm, bleached winter " 1 W aLard oil. Winter " 1 0« a

PKTKOLKIIM-Crnde, In bulk V gi!

Cases "Refined, standard white '*

Naphtha, City, bbis " ....0

PR0VI81OW8—Pork, mesa fi bbl. 22 70 nPork, extra prime " — dPork, primp mess.... nominal. *• — «*

Biiel, piiiln mCKs, new " 1100 mBeef, extra iiieBs. " " l.'OJ aBeef hams, WeB*.orn '*

liS .'id ^Ilacon,Cliy long clear i...» *. UK*Hams, smoked _ ... " 15>4 aLar', City steam,.. '• ISXS

BUQAU-Cuba,lnl.ta com. ref.?"if ....» ft.

do fair to kOod refining. .. '*

do prime, rcftnlug.

U1 25aiSO

1 20'•a

1 «,V'

1 95i 117

7«20ns10

22 0117 .V)

21 110

11 51)

1; noi& on

12<4

1.1 X13 5-16

do prindo iair togood grocerr..

», Ni

6va7>.a8 a

KXiltsi^a4>>a6\r47X*

\U^'«i»

7 aSK*7 at

1%&

do centr,h'hdB.& bxs, "No*. 3(313MolaBses, hhds ft bxs VftMeladoUav'a, Box.D. S. N0B.7®>do do do ioal'2

do do do 18^15do do do HOISdo do do n&lOdo do white

Porto Rico, refining, com. to prime,do grocery, fair to choice..

Brazll,bagB.D. S. Nos.gailJava, do. D.S., Nos. 10*12Manila, superior to ex. supN. O., refined to grocery grades.,...Refined— II AT t\. crushedHard, powdcrerldo grannlateudo cut loat

Soft white, A Jtandara centrif...do du oif AWhite extra GTetlow doOther Yellow

TALLOW-Prime city V ».Western •'

WOOL-AmerlcanXX Vtt 43 «American, Nob. 1 ft 2 12 ®American,Combing S5 ®Extra, pulled 8« &Not, Pulled « aCalifornia. Spring Clip—Superior, unwashed 26 (%

Medium 26 aCoarse 19 (n

Bnrry 15 aSouth Am. Merlnr, nnwathed ^('ape Good Hope, unwashed w wn

"Texas, fine Jl ;*

Texas, medium 23 fi

Smyrna, unwashed gold. '7 la

FREIGHTS-ToLitirpool: s. rf. ». tt. ». d.

Cotton V r».

Flonr » bbl.beavygooilB. .vtnn.Oil * tun.Corn.b'lk ft bgB. ^ du.Wliaat. bulk ft bacs.

.

Beel ** tee.Pork Wbh:

6H5»loxa10s aii'Xa11 a9V4.. a9KS9«a-8 (3

9 a

.- BTKAM. .

?. d. tt. t1.

...a 5-163 C* 3 3

2S i:j 650 l> »....

f«*....8*»....

6 i ...

4 ....

2 6 ut

v\ a35 ft

7 «

4 6 a3 3 •

7«

b]^iM.

^'HVMWH8

SX7«

7X8SICilOVlOX11«

'9X9K9j,9

I 5-:6

9H

43

fO694482

S3322220

is'an

3019

17 6

SH

Commercial Oards.

George A. Clark & Bro.

AND]niI.AVARD'.S IIULIX NEKDLGS.

337 an<l 339 Canal Htreet,NEW YORK.

Brinckerhoff, Turner

& Co.,Manufacturers and Uealera n

COTTONSAILDUCKAnd all kinds of

COTTON CANVAb. FELTINO DUCK, CAR COVF.KING, BAOGINO. RAVENS DUCK, SAIL TWINES

4C. " ONTARIO" SEAMLESS BA08,"AWNING STIIIPKS."

Also, Agents

tTnited States Bniiting rompHiiy.A full supply all widths and colors always In stock

Tin. 109 Diiaiie Street.

E.R.Mudge,Sawyer&CoAGENTS FOR

Waatalnston Ifllllii,

Burllnston Woolen Co.,Clilcopee .lift; Co.,

Ellertoii ISc-iT inilU,Saralosra Vlctary Ml'e; Co.

NEW YORK. IK^STON.43 ft 45 WUIT« StkXKT, 15 ClIAUSCilY 61

.

HHILAi)KLPHIA,W. DAYTOS, m tBMmoT SIMM,

Oommeroial Cards.

John Dwight & Co.,MANUFACTimiSnS OF

SUPER-CARBONATEor

SODA.No. 11 Old Slip, New York.

The joooing Tf«da ONLY Supplied

Smith, Baker & Co.,

OOrainiSSION nERClIANTSTokobama and IIlo;:o, Japan.

UKPUfiUUNTKU BY

E. \t . CO If LIBS,06K Pine Street. New York.

B. G. Arnold & Co.,lis FRONT STRKKT,

MPORTERB AND UKALERSIK

COFFERS AND TEAS.

JEWELL,HARRISON& COMPANY.

PURE I.ARD PACKED FORALE CEI!?IATES.

FHOViSION DEALER? AND MAN IIFACTUBEBOF LAKD OIL 4 D STEAIUNK.

B8TABLISHKD 1S4L NKW YORK.

F. LB. Mayhew &• Co.,140 Front Street,

MANUFACTUIiEllS OPOILS—SPERM. WUALB, ELEPHANT Jfc LARD.CANBLKS—SPERM, PATENT SPERM, PAR-

AFFINE, ADAMANTINE, HOTEL ANDRAILROAD.

For E3n>ort and Homo 1180.

PARAFFINK OILS, WAX AND BKESWAX.

!!! RICE!!!Dan Tahnage's Sons,

109 Wall Street, New York,

Adger'H Wbarf, <'liarle»tou. S. C.

16 ContI Street, New nrleans.

Qunpowdet

GUNPOWDERDupont's

SPOUTING, SHll'l'IXG AND MINING

POWDEU.DUPONT'S GUNPOWDKR MILLS

(ESTABLISHED IN 1801 )

Have maintained their greal ropiitation for'j years.

Mauulac tire the

Celebrated E.AGLE DUCHI.^G,EAGLE RII'LE, and

DIAIHOND GRAI.\ PO^VBER.The most Popular Powder in Use. A-SO,

SPORTING, MINING, SlllPPIXG A.\D BLAST

JXC POWDEI!,

Of all kinds an.l descriptions.

For sale in all parts of the country. Bepreeontedby

F* L« Kneeland,70 WaU Street, HVW YOBK.

192 THE CHROISIOJ.I^ [February ln, l«.6.

Boston Baubers.

Chas. A. Sweet & Co.,BANKBK8,

40 STATE STREET,H i» S T O N .

I>KA1.K1;S UN GOVEJvNMK.NT l?hCUBlTlE8Gold, Stat' , Clly. <;ouiuy aiuJ l^allrowd Iloada.

Brewster, Basset & Co.,

BANKERS.No. 36 CONGRESS STREET,

KoBtou, niaaa.

Dealer! In Stocks, iSonUa, Gold and Commercial

Paper.

Orders executed on Commission at BroKars Board

Aactlons, and Private Sale.

Investment Secnrltles coneuntlv on banc.

• Parker & Cobb,BASK.KUS, 78 UKVONSHIKK STREET

KOSrON,

Buy and Sell Western City andOountjr Bond*.

Kidder, Peabody & Co.,

ROSTON, MASS.

COUMSROLAL KHa ClROULAB LXTTBBB OP CKBDIT

BstTBD AVAtLABLX IN ALL PABT8 OF THB W0BI.D.

EXCaANBB

*IS L'-IKDON, PaEIS, ASl> OTHBR CONTINBKTAL

OlTlBi* OP KUROPB.

New I'orU Ofllcr, 33 Mall street.

Fhila. «i. t altimoro Bankers.

J.Bell Austin,STOCK BROKER,

No. 319 IVdLNVT STREET,Plilladelplila.

Orders In stocks and Bonds promptly executed athe Philadelphia and Kew York Boards.

Wilson, Colston & Co.,BANKEHS AND BROKERS,

BAI^TimORE.INVESTMENT and VIRGINIA SECUBITIKS a

specialty.Correspondence solicited.N. Y. CoBKEBpoNDBNTB—McKtm Brothcrs & Co,

and Davl>lson & Jones.

Southern Bankers

Southern Bankers.

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

H OUSTO N,

We give special attenMou to collections on all acces-stble poluts.^DIRECTOKS: W. J. Hutchma, P. W. Gray, A. JSnrke.Coi Knnis, W. M. Rice, C. S, Longeope.

BKNJ. A. B0TT8, Presidenl.B. F. WKKM8. Cashier.

Texas.

Adams & Leonard,

U A N K K p. S

DAI.L.VS, TI3XA.-«.

New York Corresponilcnt Kountze Bros,

THOS. P. nlLLBS, B. D. WILLIAMS, JHO. W. HILLBB

Thos. P. Miller & Co.,BANKERS,

]?fOBILE« ALAUAItlA.Special atientlon pilil to collectlotiH. wltli prompt

renilttanceB at curreut rates of exchange on dtty ofpaym^'nt.

t I iTjMpondents. — <lerman American U»nk, Newfork; Louisiana National Bank:. :New Orleans; Bankof Liverpool, Liverpool.

James Hunter,

KROKEU,Dealer In Coin, Southern Securities und Exchange

Loans Negotiated. Advances made on Secarltle.

placed In my hands for sale at curreut rates.

Address,

SaTannali, Georgia.

(P. O. Box 81.)

Kefan to Beory Talmadge & Co,, New York ; South-

rrn Bank, SavaBsah, Ga.

R, S. WiLUB, Pres't. W. K.MoALPlNK.Vlcc-Pres 1.

B. H. Kimball. Cashier. N.o. Laute, Secretary.

Texas Banking& Ins. Co.OALVESTON, TEXAS.

Oaah Capital, .•-•.. $300,000.DIRECTORS : J. E. WalUs. M. Quin, E. S. Jemtson

Geo. Schneider, B. S. Willis, T. A. Gary, W. K. McAl-plne, D. The Ayers, J. Bernstein, J. S. G-innan.C. L.Cleveland, Peter H. KThard, J. A McKee.Special attention given to collections at all points

'n tne State, and remlttaiiceB promptly made, withoutany charge except custoinar rates of exchanee.

B. E. Bbrbcbb, Pres't. A. K. Wai.kbb, Casblet

First National Bank,WIIiiniNUTON, N. O.

OoUectlosi maae on all parti of tbe United Statei

Western Bankeis.

Sam'l H. Kknnbdt, Okas. L. C. dcput.President. Caabier.

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

State National BankOF NEW ORLEANS.

(FORMKELT '..ODISIANA STATX BaNK.)

Transacts a General Banking Business. Collectio-s

made free of charge.

Especial attention gi^ en to Collections, and PromptRemittances made. Exchange purchased on all points

In the United States and Canada.

Sterling and francs bought aud sold.

CORRESPONDENTS.London—London Joint Stock Bank.

Paeis—Messrs. A.& M. Heine.

Nkw York—The Bank of New York, N. B. A.

San Franoisoo— Ihe Bank of California, and TheNevada Bank of San Francisco.

Western Bankers.

A O. SLAUGHTER,BANKER

CHICAOO, ILLINOIS,

BUYS AND SELLS CHICAGO CITY, COOiCCOtiNTiAND ILLINOIS AND IOWA COUNTY AND

TOWN BONDS.

BANKERS AND BROKERS,

ST. Lovis, mo

DEFAULTED MISSOURI COUNTY, CITT ANDTOWNSHIP BONDS MADE A SPECIALTY.

AL80,

RAILROAD BONDS, STOCKS, MISCtLLANEOUSAND LOCAL SECURITIES, ETC.

Our long experience In above class of Securities

enables ns to be prepared to make cash bids by wire

to parties givln^ full description.

A Solid Twelve Per CentWblle bonds and stocks are the footballs of brokers

the solid IlIinolB and Missouri TEN PER 0/ NTS(semi-aDnually at the American Exchange NationalBank. New York) and our choice Kansas TWELVEPER CENl S have never failed. Nothing but an earth-quake can impair their absolute security; and as toproiijptnees.ask our New York Ba >k. wur paper !»

alioayaatpar m'^evf York, because always paid atmaturity. Have loaned millions, and n^l a <ioflar hattver been lost.—For details address ACTUAR V of the

Central illtnois Loan Agency, Jacksonvlllo. lUlnoifr, O. Box 657.

Chas. F. Psnzbl, Wm. Kirtkn, Cbkbd T. WalkerPresident. Vice-President. Cashier. -

German Savings Bank,I.ITTLB ROCK, ARK.

CASH CAPITAL |50,000.

Transacts a genera] banking buslnegs, and makes cel>lections on all points In the South and Southwest atreasonable rates. Accounts of Banks, Bankers, Mer-chants and others solicited.BoAEDCF DiRKOTOBB.—C. F. Penzel.Wm. Elrten,

JudgeU. M. BoscJno. E. Geyer.G. W. Johnson, Geo.Relcnardt. J. K. Brodle. A. 8chader. Jno. G. Fletcher.

N. Y. CoEBBBPONDKNTs, Donnell.LawBon & Co.

Love & Co.,BANKERS AMD BBOKEKS,

ST. Lotiis, no.Cub adTincad on Btoeki and Bendi toft for Bait.

Anglo-Californian Bank(LIMITED),

LONDO.V, Head Office, 3 Angel Court.

SAN FRANCISCO Office, 422 California 8t.

NEW YORK Agents, J. & W. Seiisiman & Co.

Autliorlzed Capital, - - $6,000,000.Fald-up aud Ui-aerve, - 1,55U,UU0.

Transact a general Banking ouKiness. Issue Coro-

mi-rclal Credits and Bills of Exchange, available in all

parts of the world. Collections and orders for Bonds, .

Stocks, etc., executed upon the moft favorable terms.

FKED'K F. LOW, tMiina.Pi-.IGNATZ STEIN HART, 5*"'"*^"-

P. N. LILIENTHAL, Cashier.

T. K. Skinker,ATTORNEY-AT LAW,

41 T OIlTe Street, ST. liOVIS, Mo^^ Special attention given to the coUectioB of

intJNlCIFAl. BONDS.References—J. K. Lienberger. Kres't Third National

Bank, St. Louis ; Wm. H. Waters, Pres t Second Nat.Bank, fct. Louis ; Edward P. Curtis. Cashier Nat. Bankof the State ot Mo., St. Louis ; Wm. H. Thomson,Citshier Boatmen's Saving Bank, St. Louis.

Smith & Hannaman,INVESTmENT BROKERS,

INDIANAPOUS, INDIANA.

Financial.

Adolph Boissevain & Co.BANKERS

AND

COItlia ISSION mERCHANTS,AMSTERDAM, HOLLAND

Buy and Sell on Comnjission American Securities

in Holland and otl.er Continental Markets.

Mak'; Collections throughout the Continent 01

Europe.

Make Paymenta on Letters or Credit to Travelers

and transact a general American Banking Buslress.

Refer by special permission to Messrs. Blake

Brothers & Co., Boston and New I ork, and to Messrs

B. & W. Welsh, Philadelphia.

H. Amy & Co.,BANKERS ,

19 Ss. 21 Naaaau Street, Nenr York.TRANSACT a general banking business.DEAL in Investment securities.BUY all descriptions of UNCURRKNT Bonds, slBO

Bonds REPUDIATED by CITIES and COUNTIES.

Hilmers,McGowgn& CoBROKERS IN

FOREIGN EXCHANGE ANU GOLD54 Wall Street, New York.

(P. O. BOX 14,841

)

Special attention paid to the negotiation of Com

merclal bills.

CA^ Co.BANKERS,4 WALL STREET, NEW VOHK.

Persons keeping accounts with us (currency or gold

may deposit and draw as they please sxme as with cit}

banks, and will be allowed interest on dally balances

according to the nature of the account.

Orders for the purchase and sale of stocks, bonds

and gold will receive from us, personally, prompt and

Jareful attention. P. O. Box S.MJ.

A, M. KiDDBX. O. W. MOLXLLAH, JB. W, TBASK

MEN AND IDIOMS OF WALL STREETIB A new 72 page book giving the highest and lowestprices of stocks for 15 years, complete list of defaultedTBllroaris, Black Friday, sketches of leading opera-toi*,and the method of dealing ou email sums nf

money. Copies sent free lo any address. Orcers for

stocks and bto'tk privileges executed by mall and tele-

graph, collections made, money Invested, and Information g en by

JOHN HlCKIilNG &, CO.f

BwiJieri Md Broken, 73 BBO^DWat, Jit.T.

February 19, 1876.] THE CHRONICLE.

Financial.

John Kwkk, Jr., Williah P. Tuttli,Member Stock A Oold Kxch. Member Stock KxchHiice

EW K N & T U T T L K,

BANKERS AND BROKERS,"I*. 63 Broadnrar and 31 Neiv Street,

Buj and toll Stocki, Boadt and Uold os commlaaioniQtereei allowed on depoilta,

Stdhit E. Cooks. Fud. C. COLTeK.Member N. T. Stock Sxchange.

Cooke & Colton,BANKERS AND BROKERS,

44 BROAD 8TRKKT, NBW YORK.

Btocka, Bonda, Oold, ForelKO Kzchange and Mii-

oellaneoas Secnrltlea boueht and aold itnctly on

CommluloD.

Gargiulo & Co.,BANKERS AND BROKERS

Noa. 4 & 6 Broad Street,

MBW YORK.

Stock*, Bonda, Oold and Miacellaneoua Bocnrltlet

ought and aold atrlotiT on commlaaion. Ordera by

mail or telecrapb oarefnlly attended to.

Grant & Company,BANKBBS AND BKOKEBS,

No. 33 tr A L I. STREET.TRANSACT A OBNERAL BANKINO BUSINESS

STOCKS BOUGHT AND SOLD ON COMMISSION

INTBRK8T ALLOWED ON DEPOSITS.

K. SUTDAU ORAKT. O. St. John SHK7IKLO.

CHARLES OTIS,4; SZCUANGE FLACE,

City Railroad

and Gas Stocks,Specialty (or 19 Years.

See qaotatlonii of ** Local Secnrltlea* In thla paper

N, T. Beers, Jr.,

Brooklyn Stocks,GAS STOCKS,

«X WALL 8TRBBT.Dealer in Railroad and Investment Stocks and Bondc

JALDKN OAYLORD, MiBceUaneons S«• curltiea, No. 33 Wall St., New York. (P.O.Box

Ifiii). Special attention given to St. LouU City andCounty Bonds; Missouri County, City. Town andHchool Bonds. Also, to the Uouds aDi! Stocks of thetollovln? lUllroads : Atlanlic * Pncltlc. MissouriPsclflc, South Pacific, Kansas Pacific, Denver Pacific,North Missjuri. St. Louis Kacsaa Cllj A Northern.Keters by (lermlssion.to Mesors. V/ 8. Nichols A CoBan^f'ni.Naw Vork'

Miioellaneouf

THE PUBLIC

:

VOLUME IX.

(Until January 1, Thk FiNAMCntB.)

A JOURIfAI. OF FINANCE, OOyt-IdEROIAI. INTERESTS AND

POI.ITICAI. REFORn.

Advocates retarn to ipecie paTmenta

;

abolition of taxes for the benefit ot In-

dlviduala ; restrirtion of municipal

debts and taxes; honest dealing with

railroad and other corporations

;

and conduct of the civil service

for the good, not of persons

or parties, but of the

public.

Miscellaneous.

Henry Lawrence & Sons,manufaotuxees of

manila, sisal, jute a: tarred

CORDAGE,FOR EXPORT AND DOMESTIC USE

GANGS OF RIGGING MADE TO ORDER.19-2 FBONT STRKBT NEW YOEK.

TO PRINTERS.We keep on hand the largest itock of

PRINVING TTPS8n America, aisorted for ^nfflish, French, Spanish,and Portuguese, which we selfln lots to salt purchas-ers, at low prices for cash.we also deal In all kinds of new Printing Materials

Geo. Bruce's Son & Co.,No. 13 Chambers Street, N. ¥.

N. B —Tbe Stock and Bond Tablea of the Cohhxb•lAL AND Financial Chkoniolk, pabllabed In a sup-plement to that paper, on the laat Saturday of eachLionth, and occapylDgtwentV'Beven pages, are aet loomce'a Nonparlel, No. U, with th Fatest FUtoreaand rnoUoM.

Editor, W. M. OROSVENOR,Formerly of tlu 8L I/xAt Democrat.

Doginess Mana^rer, ALLTN S. HALE.

CONTRIBUTORS

:

Hon. Carl Schcbz, Ex-Seuator.

HoRAOB Whitk, formerly Editor Chicago

Tribune.

Hon. Dayid a. Wxlls, Ex Commissioner

of Bevenue.

Hon. Charles Francis Adams,Jr., Presi-

dent RR. Board, Mass.

Prof. W. G. Sttmnkr, Yale College.

Prof. Bonamy Price, Oxford.

Prof. A. L. Perry, Williams.

Prof. F. A. Walker, late Superintendent

of the Census.

J. S. Moore, Author of " The Parsee Let-

ters."

Henry Armitt Brown, Philadelphia.

Gkn. R. Brinkerhoff, Mansfield, Ohio.

PUBLISHED EVERY THURSDAY.

PRICE, FIVE DOLLARS YEARLY.

POSTAOB FBBE.

ADDBKSS,

THE PUBLIC, No. 71 Broadway, N. Y.

Olyphant & Co.,commission MERCHANTS,

Hone KonK, Shanghai, Fooetaoiv *Canton, China.RlPBXSZNTID BT

OLYPHANT te. Co., of China,1 04 Wall St., New York.

Harrison, Bradford & CoSTEEL PENS,

No. SOS,

FALCON, Noa. 90. 98. 79, 1, etc.

lUBRAOINQ EVERY STTXE AND FINUB.

\, Tl '•>»» MrMla New Tvrk,

Railroad Material, A,o.

Morris, Tasker & Co.,(LIMITED.)

Pascal Iron Work*, i*hlladelphia.

Taaker Iron Work*, Nevreaatle, Del.,MANUPACTVRKBIt or

LAP-WKLDBO AMERICAN CHARCOAL

IRON BOILER TUBES,WROaOHT IRON TUBES A FITTINQS

Of every deacrlption, for Qas, Steam, Water andOU; Steam ana Gaa Flttere' Snppllet, Machinery

for Coal Gas Works. Cant Iron Waterand Oas Pipe.

IMPROVED SUQAR MACHINERY, Ac, Ac.

OFFlCK AND WARBH0D3K :

No. 15 GOLD STREET, NEIV YORK.I0H« i, ZBitnDr. aaaBT . bakib. joaa a. babvb •

J.S. Kennedy & Co.,

BANKERS AND KIBRCHANTS,41 CEDAR, COR. WILLIAM ST.,

New York.

Bny and aell Railroad Inreatment Secnrltlea.

lect Conpona and DiTldenda. Xegotlate Loamdraw Bllla of Exchange on London.Agenta of the

CAITIBRIA IRON COMPANYof JOHNSTOWN, Pa., for the sale of their IRON anSTEEL RAILS.All boalnees relating to the ConatrucUon and Bqntp

mentol Rallroada unlertaken.

WH. BOBDBX. I.. X, LOVBI.t

Borden & Lovell,coinin I s siON ribrchants

70 ac Tl W^oat St., New York,

AGENTS FOR

BORDEN nilNINO COMPANY,CUMBERLAND COALS.

FALL RIVER IRON W^ORKS COUPTNAILS, BANDS, HOOFS AND RODS.

OLD COLONY STEAMBOAT CO..

FALL RIVER LINE STEAMERS.

MANCHESTER

Locomotive Works,MANUFACTURERS OF

LoeomotlTca, Statlonarjr Steam Em*glnea, and Toola,MANCHESTER, N. H.

4RETAS BLOOD, AV. G'. MEANS,Superintendent Treasurer,

Manchester. K. H. 40 Water sti set, Boston.

Joseph Bachman & Sons,REPRESENTATIVES OF

Gorham Mfg Companys

Sterling SilverAMD

Fine Electro Plated WareNo 3 MAIDEN LA MR. NKWYORK,

'^.

STEEL PENS.MANUFACTURjiHS' WAREHOUSE,

JOSEPH GILLOTT * SONS»1 John Street, New Y«rk.

BENBY BOX, Sou AsniT

jfHE CHROlNIGtR [Pebruaiy 19,1876.

Ocean Steamships.

Direct Line to France.

•rhe General Transatlantic Company'sMail Steamships,

BSTWSSN

NBW YORK AND HAVUB,CALLING AT rLl'MOUTri, (O. B.)

The aplendld vessels on tlila favorite ronte for theContineut, (being more southerly than any other,)

will sail from Pier No. 50 North Uiver. as follows

:

AMKKIQUK, Poiizola Saturday. Kcbiuary 19

LAKAVRTTK. Jleliiiiil Saturdoy, March 4

LABKAAUU, Sangller Satuiaiiy, March 13

PKICK OK I'ASSAOK IN O(ILI) (IncluUlug wine.)First cabin, nao anil f 110, acronllng to accommoda-

tion. Bcconil cabin. «Ti. Third, *1U.

Ketnm tickets at reduced rates.

Steerage, tai, with superior accommodation amiIncluding all necessaries, without extra ch iige.

Steamers marked thus ' do not carry slecrage passeugers.

LOCIS DX; nEBIAN,Agent, £5 Broadtvay.

CuNARD Line.

H^NOTtCK.—with the view Of dlmlnlahlug theChances ot collision, the steamers of this lino lake a

Bpeclhea courwe lor all aejisous of the year.

On the Outward Passage frcni Queeustown to NewYork or Boston, crossing Meridian of 50 at 41 Lat., orliOthlng to tlie North of 43. On the Homeward I'as-

•age, crossing tne Merldlau of 50 at 4;i Lat., or nothingto the North ot ii.

THE BKITISH AND NOKTH AMERICAN ROYALMAIL STEAMSHIPS.

BETWEEN NEW YOUK AND LIVBKPOOL,GALLINa AT COUK HAKIiOH.

PBOJI NKW TOBK.|

FROM NKW YOKK..Tava~ . Wed., Feb. 23 I Abyssinia . . Wed., Mch. 22• Rossja Wed., Mch. 1 1 Java Wed.. Men. as

China Wed.. Mch. 8 Algeria Wed. .April 5

yarthia Wed., Mch. 15 I China Wed., April 12

And every following Wednesday and Saturday fromNew York.Steamers marked • do not carry steerage iiassengers.

Rates OF l'AS8AOK.--Cahln,t9), »iOO and »130 gold,

according to accommodation. Tick* Is to I'arls, |il5,

gold, additional. Uel.arn tickets on favorable lerina.

Steerage tickets to and tiom all parts of Europe at

very low rs-tes.

Througn bills of lading given for Belfast, Glasgow,Havre, Antwerp and other parts on the Continentand fur Mediterrsnean ports. For freight and cabin

Saasage api)ly at the Company's oUlce, No, 4 Bowling-reeu; for steerage passage, at 111 Broadway, Trinity

BulldJig.

CHAS. G. FRANCKLYN Agent.

^^^FoR Liverpool,(Via itneeiiKtonrn)

CARRYING THE UNITED STATES MAIL.TUESD A V .

LKAVINQ PIER No. 46 NOKTU RIVKB. SB follows :

WYOMING Feb, IK. at 3 I'. M.IDAHO Feb. 29. at 8 A. M.NEVADA Marcli 7, at 3 P. M.DAKOTA March 14, at 8 A. M.WISCONSIN • March 21, al 2:30 P.M.MONTANA March 28. an A. M.

RATES FOli PASSENGKB3 REDUCED.Steerage, $26; Intermediate, |10; Cabin, $63 to $30,

according lostrile roo '>. Steera:;" ofllie, No. 21 Broadway. General olllcea. No. &J Wall atruet.

UriLLIAntS Oi OVLON.

Insurance.

Atlas Mail Line.

BI-MONTHLY SERVICE TO JAMAICA, HAYTI,COLOMUlAand ASPlNWALL.aad to PANAMA andB>iUTH PAClKiC POBTo (I'la Asptnwall.)Flist-ciass, full-powered. Iron screw steamera, from

Pier No. M, North Biver.For HAY 11. COLOMBIA, ISTHMUS OF PANAMA,and SOUTH PACIFIC PORTS (via Aspmwall),

ALfS March 1

ICTNA March 15

For KINGSTON (.JAMAIC O and HAYTI.•ATLAS J!"<'SHCLAKIBEL WarchSO

superior flrst-clasa psaaeuger aeconimodatlon.PIM, FORWOO 1- & CO., Agenta,

No. M Wfll Street.

Provlileiicn J>c Stonlnffton SteanislitpV'uinpaiiy, between New York and

tto»tou.

Reduction of FareBetween NKW VOP.K and PROVIDENCE to $3Between NKW VOUK ftud BOSTON to $4.

Stonington Line.FOR PP.OVI PENCE. SF.WP»)RT AND BOSl ON.The elegant steamers KHoDFt ISLAND. .-ARRA

GANSKTl and S.ONlNGTON. l.jave Pier S3. N. R.,

fool of Jay st..dally <eMi-plSniiilayb),at ):30P.M.Through tickets lopilncipal Ncw)<neland points at

RIt. depots and ilcfci-t otticef. State- Hoonia secured at

offices of Wnstf'olt Express Co. and at S19 Itroadway.PUOVIMENC'E tllMK (dlr.-ci).

Stcamsnipa KLKCTRA and UALA lEA leave Pier27. N . I{., foot of Park rlace. dai iy (except sundaya)' at

Plrectconnecllon to Worcoater and polnta beyond.yieigblavU either line taken at lowest ratee."

D. S. BABCOCK, Prealdent.

{., W, FILKINS, Qeueral Puts, Aceut.

«• Pay at> you go, get what yon boy,t«p wriien yon cliooac."

COJUMON SENSE AND FAIK PLAY.IN UFE ASSURANCE

!

Do not Asfnire your Life till you have examined

the NKW PLANS devised hy^BBPPAiiD UomansActuary, for

THE

Provident Savings Life

Assurance Society,

TVBSTBRN VISION BUILDING,NEW YORK.

Guaranty Cask Capital, $135,000,

Invested in U. S. Five-Twenty Bonds.

TlUi SocUlj/ aeparalis tlie Insurance Part of Ihe

I'rernium from the Mesene or Deposit Pari, which

latter is held merely for accnmulatioA.

This Socteli/ recognizes the Policy-holder as owner

of the Restme.

This Society, therefore, will either issue policies

on the payment of uniform annnal premiums, guar-

anteeing asiiecljled smrender valuefor every year in

cash; or it will furnish the PROTECnON OF LIFEASSDKANCE at actual current costfor death claims

and erjienses of management, each year by itself, re-

newable at tlie close of any year wU/iout further

medical examination.

These Plans are indorsed hy leading Actuaries

and State Commissioners, and also by the " Society

for the Pim/totion of Life Insurance among Clergy-

men," James Brown, PresidentJ Howard Potter,

Treasurer.

For Plans, Rates, and Full Particulars apply to

THE PROVIDENT SAVINGS I.IFEASSURANCE SOCIETY,

WESTERN UNION BUILDING, NKW YORK,

GEORGE WALKER, SHEPPARD HOMANS,President. Vlce-Pres't and Actuary

Insuranoe.

OFFICE OF THE

ORIENTMutual Insurance Co.,

NKW YoBK, 25th January, 1876.

The following statement of the affairs of this

Company on the .3l8t day of December, 1875, Is pub-

lished in conformity with the provisions of Its

Charter

:

Premiums nnearned3l9t Dec, 1874.... $247,017 55

Premiums received during the yearending Slst December, 1«5 1,016,«I82 49

Total premiums $!,S63,70O 04

Earned premiums of the year $1,0;9,014 05

Losses and expenses 572,Mia 74

Ke-lusnrauce and return preminms 21)8,413 47

AS.SETS,

3l9t December, 1875.

Cashin Banks .-...•.... tSW 932 61

United Statea Stock . .].>(...:; i ; 62(1,754 50

Stocks of States and Corporations, Stoa

Loans on demand 322,594 68Subscription Notes, Bills Receivable,and L'ncollected Premiums ^•>.. 542,461 75

\:—j^-¥-.25,321 OK

The North British and

Mercantile Ins. Co.,OF

LONDON AND EDINRDRGII.UNITED STATES BRANCH,

64 IVIIlIaiii, Cor. Pine St., New York.

- $10,000,000- - ;j, 700,000

13,J00,U00

Capital paid np - -GroMM KIre IScxerveNet Liile Atnoetn - -

Total -....-. «27,000,00«Oroaa Assets held by Board of Management lu New

York, tl,600,l)UI.

The Company's actual losses by Chicago conflagratlon lu 1871 were »1.713.157 81.

••

The Company's actual lossea by Boston conflagra-tion In vrct were tsiis.iiso 46.

Yet the Company paid tlier.e lossea at atght withouborrowing )r seliiiig a blngle dollar of permanent In-

veatineuta, continued regular uividetids to theirstockholders, and at the end of 1373 had entirely made'jp (not In this country, however), the loaaes iif thesetwo conflasratlons and all oihere. cominenciug 187J

wilh a surplus over $1U(I.(K)0 larger than ever hefore.Annual Income of Fire Department alone over

^.ixiu,uua.rite and Life Assets entirely dlsUnct—the one not

liable for the other.The Company organized A. D. 1809. Commenced

business In this country A. D. I8tt7.

Agenrtes In most of the prlnclpa cities and tcWBiIn the United Slates,

EZRA WUITK, I

CILAS. E. WHITE, S-ManaRera.SAU. P. BLAGDEN, I

E . S . B A I ^^ V ,

65 IVALIi STREETDealer In

Fire i^i;d IHarlne In«nrA|ire atoclcv.r*. . and Scrip

.>Jo : ,,r.ra.i.!«.««PECIAI.ITY.»»

Owb ptid at OBce for the above Secmities ; or thewill be loia on cQiomU^on, ftt eelle;8 ((t>tlen.

Unsettled Acconnts.

Total amount of Assets $1,851,062 73

The Board of Trnstees have resolved to pay Six

percent interest on the outstanding Scrip Certifi-

cates, to the holders thereof, or their legal repre-

sentatives, on or after the Ist March next.

The Trustees have also resolved that the out-

standing Certilcates of the Company of the iesae uf

1860 be redeemed and paid to the holders thereof,

or their legal representatives, on or after Ist of

March next, from which date interest thereon will

cease. The Certificates to be produced at the time

of payment, and cancelled.

In addition to a bonus of fifteen per cent already

paid in cash, on the Subscription Note-i, they have

further resolved to return to the dealers enlilled

to the same Fifteen per cent on the net amount o f

Earned Premiums of the year ending Slst Decem-

ber, 1875, for which Ceriiflcatcs will be issued on

or after the 5th April next.

By order of the Board,

CHARLES IRVING, Secretary.

Tli USTBES.George Mosle, Alex. M. Lawrence,Edward F. Davison, John S. Williams,Henry De B. Uouth, Frederick G. Foater,K. II. R. Lyman, John D. Dix.lleniy K. Kunliardt, Charles Munzinger,John Auchincloss, Walter Wa'aon,Lawrence Wells, Ernesto 0. Fabbri,William Pohlmaun, Henry E. Spraguo,Charles Liiliug, James Brown,Alexander Ilamiltr.n, Theodore J. Kalli,

rons-tantin Menelas, Theodore Fachlri,Curl L. Uecknagel, C. L. F. Rose,W. F. Cary, Jr., William S. Wilson,Carl Vietor, F. Cousiuery,Ramsay Crooks, Gustav Schwab,Arl^ur.B. Graves, George H. Moi-gan.

EUQEPTE DIITILH, President.ALFRED OGDBN, Vice-President.

CiURLJis Ii VINO, Secretary.AjiTON Mktz, .\s8i8laut Secretary.

Sun Mutual Ins. Co.,No. 37 Wall ^«l•€•cl, :ve\v York.

l.NCOKI'OKAThl) »IAV ail.. IM;.

Oiliest IHarlne Ids. Co. in ll:e Siatr of N. ¥.

AMOUNT OF L(.SSE8 PAID HMCK 1 HE OKOANl-ZATION OFTllb: COMPANY,

Ofer Twenty-ScTcn MllUousof Dollars.

Capital .vtocb paid In. . ..$fil)0,('00 00Sarpluti SltitDeo., 18'74... U84 S'iG Il>

«l84,3'2e 10

U.S. Bonds $67S,047'.';0Cash on Deposit . . 48,702 30

JC26.749 80Premium Notes not matnred andother Assets 167.570 39

TotalAesets3l8t December, 1874.9784 3'20 19

Insures against MtRINK AND IN-

LAND NAVI«ATIO> RISKS. Also,

against FIRE RISKS on property in the City

of New Tork and immediate viciuity.

Thla Company combines the atoik and mntaal

iyatema, parties having the option of participating mthe profits, or maurlng on the itock plan at reduced

rates.

Loaaea on marine risks made payable at the banklnc

honae of

Meaara. KLEINWOBT, COHEN * CO., London,

when desired,

ya JOHN F. PAULISON, President.W IHAAC H. WALKBK, Vlce-l"re»Uent,

IFebruary l9, 1876.] THE CHKuNICLK vii

Insurance.

OPJflOE OP THE

ATLANTIC

[utual Insurance Co.

Ngw YoHK, Jan. 24, 197G.

|The Trustee?, In conforuilty to the Charter of the

Onipauy, suhmit tho following Stalemeni of ita

aOalrn on the 3l»t December, 1815

:

Premiums received on Marine Risks,

from l9t Janiury, 1875, to 3l8t De-

cember, 1875 $5,840,O!l 83

Prcmiumaon Policiea not marked off

l8t January, IS'TB 8,«5,372 87

Total amount of Marine Premiums.. $1,895,394 75

No Policiea have been iasncd uponLife Rlska ; nor upon Fire discon-

nected with Marine Risks.

Premlnma marked olf from !9t Janu-ary, 1875, to 8l9t December, 1873 ... $6,123,134 63

Losses paid during the

same period $2,712,058 Oj

Returns of Premiums andExpenses. .8l,»17,477 S«

The Company has the following Assetp, viz.:

United States and State of New YorkSioek, City. Bank, and other Stock!!.$10,314,9«0 60

Loam secured by Stocks, and other-

wise !,514,SO0 00

Real Estate and Bonds and Mortgages 287,000 COluttrest. and sundry Notes and Claimsdue the Company, estimated at 451,0)7 92

Premium Notes and Bills Receivable. . 8,076,360 tO

Cash in Bank 308,402 40

Total amount of Assets $10,019,910 82

Six Per Cent Intereat on the outstandingcirtiflcates of profits will be paid to the holdersthereof, or their legal representatives, on and after

Tuesday, the 1st of February next.

The outstanding certificates of the Issue of 1872

will be redeemed and paid to the holders thereof,

or their legal representatives, on aud after Tuesday,the Istof February next, from which date all inter-

i3t thereon will cease. The cert iflcatcs to be pro-

duced at the time of payment, and cancelled. Uponcertificates which were issued for ^old premiums,the payment of interest aud redemption will be in

gold.

A Dividend of Forlf Per Cent, is de-

clared on the net earned premiums of the Companyfor the year ending 31st December, 1875, for whichcertifljates will be issued on and after Tuesday,the 4th of April next.

By order of the Board,

J. H. CHAPniN, Secretarr.

TRUSTEES.3. D. Jones,

Charles Deuuia,

W. H, H. Uoorc.

Henry Coit,

Lewis Curtis,

Charles 11. Russell.

Lowell Hulbrook,

David Lane.

James Bryce,

Daniel 9. Miller,

William Sturgis,

Josiah O. Low,William E. Dodge,

Royal Phelps,

Thomas P. Youngs,

C. A. Hand,

James Low,

John D. Hewlett,

Qoidon W. Bn-nham,Frederick Chauncey,Charles P. Burdet',

Francis Skiddy,

Robert B. Miuturn,

Ch tries 11. Marshall,

George W. Lane,

Robert L Stuart,

James G. De Forest,

Alexander V. Blake,

Charlei D. Levericli,

Adotph Lemoyne,Ailain T. Sackett,

Horace Gray,

Edmund W. Corlles,

John Elliott,

Samuel Hutchinson,

William U. Webb.

J. D. JONES, President.

CHARLES DENNIS, Vlcc-Presiden:.

W. H. H. MOORK, 2d Vice-PretldsDt.

Insuraooe.

OFFICE OF THE

MERCANTILEMutual Insurance Co.,

No. 3S TKALL, ST., IV. Y.

New Yokk, January 80, 1878

The following slatcment of the afialrs of the

Company on the 31st day of December, 1875, is pub-

lished in conformity with the provisions of the

charter

:

Outstanding PremiiunB December Slst,

1874 $224,717 79

Premiums received from January 1st to

December ^Ut, 1875 1,146,321 38

Total Premlnms .... $1,S71,03<< 11

Amonnt of Preminms earned from Jan-

uary Ist to December 31st, 1875 $1,169,346 37

Less return Premiums 81,628 02

Net earned Premiums $1,107,713 35

Paid during same period ;—

Losses, Commissions, Expenses andReinsurance, less Salvages 873,605 17

$229,118 18

Paid Cash dividend to stockholders

Aug. Ist $i5,000 00

Paid Cash rebatement to dealers $137,39(1 1

1

The Company has the following Assets :—CashluBanks $SO,676 18

United States, State, Bank and other

Stocks 418,459 00

Interest due on Investmeuta 7,828 06

Premium Notes and Premiums in

course of collection 413,617 41

Reinsurance and .Salvage due, andSc Ip of other Companies 77,915 00

$1,028,.525 65

A Semi-Annual Dividend of FIVE (5) PBB CENTwill be paid to the stocUholUers or their legal rcpre

sentatlves, ou and after Tuesday, February lat

1876.

TRUSTEES.James Freeland Francis Hathaway,Samuel Wlllets, Aaron L. Held,Robert L. Tajlor, John D. Wood,William T. Frost, Geo W. Henuiugs,n'illlam Watt, Henry Eyre,James D. Fish, Joseph Slagg,Ellwood Walter, Edward Merritt,D. Colden Murray, Daniel T. Wille's,Samuel L. H4nl, Henry R. Kuuhardt,Bryce Gray, John S. Williams,N. L McCready, ( harles Dimon,William Nelson, Jr., Paul N. Spofford,Harold Dollner, James Doug'as,Jo8ep:i Wlllets, William B. Scott,Henry J. Scudder, Henry DeRivera.

ELLWOOD WALTER, President.

A. O. MONTOO.VIERY, Jr., Vice-Pres't.

ALANSON W. HEQKMAN, 2d V. Pres't.

C. J. Despabd, Secretary.

PHENIXInsurance Company

OF BROOKLYN.Office, Western Union Telegraph Building,

Brovdnrar, Cor. Uey Street, N. Y.

ASSETS, July iTTsTS, §3,333,403.

INSURES COTTON AGAINST LOS."i BY FIRE,OVERLAND BY RAILROAD, and Marine bySteamers to Europe.

Agencies in all thu Principal Cities in the U. S.

STEPHEN CliOWELL, President.WILLIAM R. CltOWELL, Secretary.

Cotton.

Edward H.SkinkerSc Co.COKimiS-SION AND

COTTON iriERCHANTS,

97 Pearl Street,

NEW TORE.

Cotton.Lkumam, Abraham t Co., Lcbmaii, Odbb * Co.

New Orleans, La. llootgaoiorT, Ala,

LEHMAN BRO'S,

Cotton FactorsAND

CO.n.-UfSSION niRRCIIANTS,

133 A 1.36 PEARL STREET,

N«w York.

NEWOASS, KOHKNHKlM ACO.,Kxclianite Hnllillnxa, l,lT«rpool.

Hcarne & Co,

COTTON PACTOHN AND 'iKNp.RAIiCOinilll.N.SION i«ll{l«<;ilANTN,

STRAND, GALVESTON. TEXAS.Onlors Pronii'tly Filled. Liberal Caali Advauccs on

Consignments to UilB Markta, New Vork and Liver-pool. Knceial Atteiitl n Kl^eu lo Collecllun audProuiut UeiulttaDue ina<lo ou Btebl UxcliaiiKe at Low-est Kates.

H. Tileston & Co.,COTTON BUYKKS ,t COMMISSION MKHCHANTS,

«0 Moue Ntreel, New York.Orders In Fuuues executed at K. ?. Couou Exchange.

Moody & Jemisoni^-JBANKERS

A^DGeneral Coiniulaalon nerehanta,

123 PEARL STREET, NEW YOKK,Win keep aonounls with Country Banks and Uankerl,

make cullnctious, tissue ceitlHi.'utes of Deposit, aaaattend to the sale and purchase of Ijouds, StocksCoin, &c.- Particular att' nlion given to the execution of ordefor future coutrac.s aud the purcliase of merchaadlsa

Lamkin & Eggleston,

Cotton Factors,

VICKi<BIIRG, miss.

Orders to purchase Cotton in our market solicited

Kefer lo Messrs. NORTON SLAUOUTKR A CONew York.

Irvine K. Chase,rw

COTTON BUYER,Nashville, Temneaaee.

KKFKUKNCK.-FIBST N ATIOHAL BAHK, NASBVIiaa

JOHN B. BIOHAnps. WILLIAM WHITLOOE.

Richards & Whitlock,

COTTON STORAGENos. 105, 107, & 109 norton,

and G18, 620 Sc 622 AYaahington St.,

CAPACITY, 12,00O BALES.Rate of Storage, 15-15. Fire Insurance Lowest Rates.

Ukfkbkkoks.—Fr»nch&Traver8. No. 17 William s*..WlliianM, Black & Co.. No. 1 nilliain St.; K.M. Waters& Ci>.,5e (trosd Kt.; I'lilllp Heury, .jr.. No. \:i5 PearlSt.; Arlams & Whitlock, No. 51 South St.; CharleaHyllesteajfc Co., No. 7 South William St.; Walter T.Miller SCO., No. 5 Hanover It,; Dennis Perkins, No117 Pei.rl St.; Lharlea A. Eastor,, No. 141 Pearl st.

BLOSS & INCHES,COTTON FACTORS

AVD

GENERAL COMMISSION MERCHANTS

128 Pearl Street, ffetxr Tork.

McAlister & Wheless,COTTON

oonmissiON itierchantsNASHVILLE, TENNESSEE.

Special attention given to Spinners' orders. Corre*1^ Cadence solicited.Hirv rixMOKB.—Tuird and Foarto National Banks,

lod Pt )l>rl4tOr8of TUH CUBOKIOLB

OYBU S,00« SOLD OFI N O E R S O L L ' S

HA ND AND nOIiSK-FUWEK PRESSESTlto> hftve a world wide reputation anila«np(>rioriry

OTei all others for baliut; li..y, Cotiou* JCan and ailotticr klntlR uf lUHierlul. For price llxt and rnl lufor*mat!',!! call ou or ttiliiieBS the mauiifai lurers

ttKiU£NI*OU<T (CUT U BrooUyn),U U

Yiii THE CHRONICLK [February 19, 1876.

Ootton.

Woodward & Stillman,SBAMBN-S BANK BUILDINO,

Noa. 74 tc 7« IVall Street, New York.

Cotton FactorsAND

General Oommieelon mCercbant*.

Special attention paid to the execution ot ordert for

tlie parchaae or sale of contracts for iature delivery

ot cotton. Liberal advances made on consign

ments.

Ware, Murphy & Co.,

Cotton Factors

GENERAL COMKISSION MERCHANTS

61 STONE STREET, NEW YORK.

Special attention paid to the execntloa of orders

for the purchase or sale of contracts for future

dallverjr of cotton . Liberal advances made on con-

Ignments.

Henry Hentz 6c Co.,GENERAL

COmitllSSIOIV MBRCHANTS,S Hanover Street, New Xork.

Advances made on Consignments to

raeesrs. JAITIRS FINI.A1f tc CO.,

LIVKRPOOL, LONDON AND GLASGOW.

Also, execute orders for Merchandise through

meurs. FIN LAV, nVIR & CO.,

CALCUTTA AND BOMBAY.

FaTUKB CONTRACTS FOB COTTON bought and

Old on commission In New York and Liverpool.

Cotton.

DWABD M. K9ISHT. JOH» B. DOI«.AVe. L. SIOHABDS.

Wright, Richards & Co.,

COTTON FACTORSAHD

General Commission Merchants,

No. 89 BROAD STREET,

(P. O. Box 4858.) New York.

Liberal Advances made on Consignments of Cotton,

Wool, Hides, Ac, and upon shipments to onr friends

In Liverpool and London.

Eakin, Adams & Co.,

BANKERS AND COMMISSION MERCHANTS,

83 Nassaa Street, New York.

JEWELL,HARRISON& COMPANY,

commissioN andCOTTON mERCHANTS,

ESTABLISHED 1841. NEW YOKK

Wm. E. Rogers & Co.,19 Snath William street,

NEW YORK,

oommiss ION mbrchants.A«>VASnflie UADB TTPOK OOTTOW CONSIGNED TO

inesars. J. N. BEACH & Co.,

LIVKRPOOL.

Bliss & Bennet,

GENERAL

OOMKIISSION MERCHANTS,

131 Pearl Street, New York.

Special attention given to the execution of orders

for the purchase or sale of Contracts for Future

Delivery.

W. C. Watts & Co.,

31 Brown's Baildines,

LITEBPOOI.,

SaUclt consignments of COTTON and orders for the

purchase or sale of future shipments or deliveries

Advances made on consignments, and all Information

aSorded by our friends, Messrs. D. WATTS b Co., 51

Stone street. New York, and Messrs. D. A. GIVEN &

SON, 64 Baronne Street, New Orleans.

Sawyer, Wallace & Co.,

COTTON FACTORS COMMISSION MERCHANT

47 Broad Street, New York.

Robb & Peet,BANKERS AND COMMISSION MERCHANTS

No. 68 TVALIi STREET,

Ne^ir York.

Advances made on Consignments. Special atten

feion paid to purchases or sales of " Cotton futures.

Bills of Exchange on the CITY BANK, LONDONand HOTTKNGOER & CO., PARIS.

Cotton.

Babcock Brothers & Co.,50 TVall Street, New York.

MERCHANDISE DEPARTMENT.Orders executed at the Cotton Slxchanges In New

York and Liverpool, and advances made on Coltouand other Produce consigned to them or to their dnrabroad.

B. F. BABCOCK & CO.,LIYERPOOU

XLEXAITDBB KAITUND. L. r. S. MACLBH081BOBKBT L. UAITLAND.

Robt. L. Maitland& Co.

No. 48 BROAD STREET, NEW YORK.

Cotton Factors,;Tobacco and General Commisala

Merchants.

AdvBnces made on Consignments to

LONDON AND LIVERPOOL."

Williams, Birnie & Co.,COMMISSION MERCHANTS,

65 Beaver .^t. Sc 20 Exchange Place,GEO. W WILIIAMS & CO , ) ^

Bankers & Commission Merchants, > NEW YORK.CHABLEBTON, 8. C. > m ^ ^

Liberal advances made on consignments of Cotton.Orders executed at the Cotton Exchmce lor the pur.

chase and sale of contracts for future delivery.

Cotton Ties.SOLE AGENCY IN NEW YORK FOR THE SAl.»»

OF THE ,

CELEBRATED "ARROW" TIE,MANtJFACTDEKD BY

"The American Cotton-Tie Company",LIVERPOOL, ENGLAND.

S. M. SWENSON,80 Wall St., '"ew YnrU.

Miscellaneous.

Kremelberg & Co.,NEW YORK.

J. D. Kremelberg& Co.,BALTIMORE.

Kremelberg, Schaefer & Co.,NEW ORLEANS.

Kremelberg & Co.,LOCISTILLE, KY.

COMMISSION MERCHANTS.

. B. R. Smith & Co.,COTTON

OOnilfllSi^ION MERCHANTS,44 BHOAD STRBBT, BOSTON,

AND126 Pearl Street, New York.

Liberal advances made on conalgnments. Promptpersonal atte»Uon patd to the execution of orders for{be purchase or sale of contracts for future delivery.

toe Laer & Co.,

COTTON BUYERS,

GALVESTON, TEXAS.Liberal Caab Advances on Consignments to our

frltniU In Hew York, doitoa, FbtladelpbU, Llrerpool,

Ktm ai Vr«m««.

Knoop, Hanemann & CoCOMMISSION MERCHANTS,

62 EXCHANGK PLACE, NEW TORE.

HOT78K8 IK

Manchester and Liverpool,

DE JERSEY &. CO.

Walsh, Thomson & Co.,COTTON BROKERS,

SOUTH WILLIAM & 65 STONE STREETS,

New York.

Wall Street Caricatures.A new book, 48 pages, containing 14 engraved lUui-

^"in'kOWIATION for STOCK. srECULATORS.Price lOc, cloth covers ; pHper covers free.

TUMMRIURE & f!"-*..„ „

Bauktrs and Brokan, !l W»U •(.,!(, T.

Wire Rope.SI'EEL, CHARCOAL,

B. B. of the very best qoalj

L BUitaiile for Ships, RlgglBJ^

isuspension Bridges, Gnys, 0er f

Bricks, Inclined P ine«, Mlnin?

'Hoisting Purposes, 4 c.

Large Stock constantly

hand, from WMCC any dcsl^

lengths are cut.

JOHN W. MASON & CO.,

43 Broadway, Ne-w v-»i

iETNAInsurance Com pan]

OF HARTFORD.

CAPITAL. - - $3,000,000 OO"

A88et§, Jan. 1, '76 - «6,'r92,64» 98

Liabilities ... - #246,385 50

BRANCH OFFICE, 113 BROADWAY, N. Y.

JAS. A. ALEXANDER, Agent.

Liverpool & "I

London & Globe

Insurance Company,

45 William St.

Assets, $26,740,105 70

In the U. S., $3,000,000